Full text of Survey of Current Business : September 1954
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
SEPTEMBER
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1954
SURVEY
OF C U R R E N T
BUSINESS
D E P A R T M E N T OF C O M M E R C E
FIELD SERVICE
No, 9
SEPTEMBER 1954
Albuquerque, N. MCE,
204 S. 10th St.
Los Angelea 15, Calif.
1031 S, Broad war
Atlanta 5, Ga.
50 Seventh St. NB.
Memphis 3, Tenn.
229 Federal Bid*.
Boston 9, Mass.
Miami 32, Fla,
U. S. Post Office and
Courthouse Blclg.
Minneapolis 2, Minn.
tents
Buffalo 3, N. Y.
!17EllicottSl,
PAGE
BUSINESS SITUATION,..,.,,,,, ...... .....
1
Plant and Equipment Investment in 1954. , . *
3
Corporate Financing . . ..... . ..... , . . , . , . . . , .
5
Government Expenditures and Income . . . . . .
*
*
7
it
10
International Trade and Domestic Business. .
15
Merchandise Trade. . . . . . , . . , . ..... . .
.....
15
......
19
Balance of Payments. . ...... • . . . . . * . . , . ,
2.1
Foreign. Travel. . . . . . . . . . . . . . . . . . . . .
&
*
STATISTICS . . S-l to S-40
Statistical Index . . . . . . . Inside back cover
Published by the U. S. Department of Commerce, S I N C L A I R WEEKS,
Secretary. Office of Business Economics^ M. JOSEPH MEEHAN,
Director. Subscription price, including weekly statistical supplement, is
$3.25 a year; Foreign, $4,25, Single copy, 30 cents. Send remittances to
any Department of Commerce Field Office or to the Superintendent of Docu*
mentSs United States Government Printing Office, Washington 25, D. C.
Special subscription arrangements, including changes of address, should be
made directly ivith the Superintendent of Documents* Make checks payable
to Treasurer of the United States,
Cheyenne, Wyo.
307 Federal Office Bid*.
Chicago 1, 111.
226 W. Jackson Blvd.
607 Marquette A**,
New Orleans 12, La.
333 St. Charles A*e
New York 13, N. Y.
346 Broadway
Philadelphia 7, Pa.
1015 Chestnut St.
Phoenix, Arizj
137 N. Second Avf.
Pittsburgh 22, Pa.
107 Sixth St.
Growth Characteristics of the Economy Illustrated by the Chemical Industry * * ...... , .
*
Charleston 4, S. C,
Area 2,
Sergeant Jasper Bldg*
Cincinnati 2, Ohio
422 U. S. Post Office
and Courthouse
SPECIAL ARTICLES
MONTHLY
36 NE. First Sr
Cleveland 14, Ohio
1100 Cheater AT©»
Portland 4, Oreg.
Dallas 2, Tex.
i 114 Com mere* St.
Reno, Ner.
1479 Wells
Denver 2, Colo.
142 New Custom House
Richmond, Va,
400 East Main .St.,
Detroit 26, Mich,
2*0 W. Fort Si,
St. Louis i, Mo.
in 4 Market St.
El Paso, Tex,
Chamber of Commerce
Bldg,,
Salt Lake City 1, Utah
Houston, Tex,
430 Lamar St.
Sam Francisco 11, Calif.
555 Battery Si.
Jacksonville 1, Fla,
311 W. Monroe St.
Savannah, Ga,
125-29 BuiKSt.
Kansas City 6, Mo.
911 Walnut St,
Seattle 4, Wash.
909 First A**-.
520 SW. Morrison St.
1Q9 w > Secoml s
<S|
For local, telephone listing, consult section
devoted to U. S. Government
SEPTEMBER 1954
By the Office of Business Economics
JT ERSONAL consumption and new construction, especially
residential building, remain the strongest elements in the
aggregate demand pattern, while defense production and fixed
business investment pursue their gradual decline. Trimming of inventories continues as a deterrent to production
in the durable-goods industries, especially at the primary
stages. Overall, economic activity is holding at about the
rate in evidence since last spring.
Employment was little changed in August as the usual
pickup in nonagricultural jobs offset the drop in farm workers which customarily occurs at this season. The number
of workers on nonfarm payrolls increased from July, but
the gain was somewhat less than is usual for the month.
Buying by consumers has held to the steady pace of recent
months, supported by the sustained flow of personal income—
which was unchanged from June to July at a $286% billion
seasonally adjusted annual rate—and in the most recent
months by moderately increasing use of short-term consumer
credit. August retail sales were slightly below July, after
seasonal adjustment, but approximated the average rate of
the second quarter.
Construction remains strong
New construction put in place in August aggregated $3.1
billion, seasonally adjusted. Private construction, amounting to $2.2 billion of the total, showed a rise after seasonal
adjustment for the seventh consecutive month, with residential building accounting for most of the advance. Although the number of new private nonfarm dwelling units
started in July was below June on a seasonally adjusted
basis, the cumulative total of 770 thousand units begun in
the first 7 months of the year was larger than in any other
year except 1950.
Industrial construction has tapered off with the completion
of many expansion programs, but other private nonresidential construction remains unprecedentedly large and
well ahead of comparable months in recent years. Commercial and private institutional building is still in the
process of catching up with demands deferred during the
period of controls, and is strongly supported by the continued expansion of residential building.
Public construction also is active with nonresidential
building and highway construction running substantially
ahead of comparable months of recent years.
in July. Until quite recently most of the inventory reduction
had been in purchased materials; in recent months the rate of
liquidation of goods-in-process has been increasing.
Industrial production continues below last year. Steel
activity in August was maintained at about the same rate as
in July, a little under 64 percent of January 1 listed capacity.
Automobile producers turned out about 510 thousand cars
and trucks as compared with 530 thousand in July and 615
thousand in August 1953. Indicative of the falling off of
investment in equipment is the fact that output of trucks
for the domestic market in the January-July period this year
was one-fifth less than in the comparable period last year
while the production of passenger cars for the home market
was 11 percent less.
New orders stable
The flow of new orders for manufactured goods has been
steady in recent months. After allowance for seasonal variations, new business placed with producers has totaled between $22.5 billion and $23 billion a month since March.
This plateau is in contrast to the previous 12 months when
new orders fell from almost $26 billion to a low well under
$22 billion a month.
Durable-Goods Manufacturers'
Shipments and New Orders
BILLIONS OF DOLLARS
20
15
•••
•
10
NEW ORDERS
Inventories reduced further
Business whittled inventories down further in July. The
seasonally adjusted book value of business inventories shrank
from $79.0 billion at the end of June to $78.4 billion on July
31, about half the reduction occurring in manufacturing.
Finished goods holdings of manufacturers showed the first
substantial decline since manufacturing operations started to
move lower last summer. In contrast purchased materials
stocks, which had been moving downward, increased slightly
312570°—54
1
I i i i
1952
I
1953
1954
MONTHLY TOTALS, SEASONALLY ADJUSTED
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
54-35-1
1
SUEVEY OF CUEEENT BUSINESS
Continued strong demand for nondurables has been a
major stabilizing factor in recent months. July business was
within 2 percent of the same month of 1953.
New orders for durables this summer have eased a little
from the early spring rates but remain above new business
at the turn of the year after allowance for seasonal factors.
The July rate was 15 percent under July of last year. Two
of the important stimulants to the spring rise in new business
received by durable-goods producers were increased demand
for construction materials and equipment and an increase in
the placement of orders for defense goods.
Divergent industrial trends
Among nondurable-goods industries maintaining orders
backlogs—textiles, leather, paper, and printing and publishing—the flow of new orders has exceeded shipments
during this period. Backlogs at the end of July were some
10 percent above their rate last winter, though one-fifth
below July 1953.
Unfilled orders on durable-goods producers7 books totaled
$48 billion at the end of July, or more than a third under
the September 1952 peak. Most of the decrease occurred in
the past 12 months, with every major industry experiencing
a reduction in its backlog of both defense contracts and
other orders. Also contributing to the unfilled order decline,
there has been elimination of duplicate orders as supplies
of materials have eased. This is especially the case in primary metals.
In absolute terms the largest decline in backlogs—$10
billion of the total reduction of $25 billion—occurred among
transportation equipment producers. Eelatively, however,
this industry and electrical machinery have shown the
smallest decline (30 percent). Fabricated metals and nonelectrical machinery backlogs have been reduced nearly 40
percent from their 1952 highs. The greatest reduction has
has occurred in primary metals where recent backlogs are
less than half of their September 1952 total.
September 1954
responding largely to changing supplies or supply prospects.
Farm products recovered appreciably in July and early
August from the lows registered in June but turned downward again in late August with hogs lower and green coffee
moving down from its high peak. Livestock prices generally
were appreciably below the late spring.
Overall price stability in 1954 has resulted from divergent
price movements canceling out as well as from lack of price
change. Among the components of the consumer price index, for example, commodity prices as a group were slightly
lower in July than in January while the prices of services and
utilities, including rents, were somewhat higher. This con
trast is somewhat blurred by seasonal movements, especially
in the case of foods.
Table 1 .-—Wholesale Commodity Prices, Indexes of Major Groups
[1947-49=100]
Item
Number of indexes shown
separately
January
1954
July
1954
UnTotal Higher Lower changed
110.9
110.4
1,623
379
439
805
Farm products
Processed foods
97.8
106.2
96.2
106.4
91
138
42
50
45
55
4
33
All other than farm products and foods
114.6
114.3
AH commodities _
_
Textile products and apparel _ . .
Hides, skins, and leather products
Fuel, power, and lighting materials
Chemicals and allied products
Rubber and rubber products
96.1
95.3
110.8
107.2
_ 124.8
1,394
287
339
768
95.1
95.0
106.4
106.7
126.8
191
49
36
229
36
31
11
5
31
9
82
21
24
47
5
78
17
7
151
22
118.9
116.2
128.0
124.3
115.3
63
54
174
366
87
23
6
59
61
20
20
13
34
42
33
20
35
81
263
34
Lumber and wood products
Pulp, paper, and allied products
Metals and metal products
_
Machinery and motive products
Furniture and other household durables.
117.0
117.0
127.2
124.4
115.2
Nonmetallic minerals, structural
Tobacco manufactures and bottled beverages
Miscellaneous.
120.9
120.4
33
9
6
18
118.2
101.1
121.4
103.9
18
58
4
18
3
9
11
31
Source: Basic data, U. S. Department of Labor, Bureau of Labor Statistics.
Unfilled order-sales ratios ease futher
Over the past year the backlog-sales ratio for durablegoods producers has dropped by nearly one-fourth to an
average of a little over 4 months. In the first half of 1948—
a period of high peacetime activity—the corresponding
ratio averaged 3.4 months. Two industries—transportation
equipment and electrical machinery—currently with unfilled-order-to-sales ratios of 6.7 and 6.5 respectively,
account for the difference between the two periods. Each
of the other durable-goods industries have ratios below the
early 1948 average.
In the first half of 1950, prior to the sharp buildup in
defense orders, the ratio for all durable-goods industries
averaged about 2.6 months. This summer's ratio for each
major durable-goods industry is higher than that covering
the first half of 1950 except in primary and fabricated
metals.
Prices firm
Price indexes continue to reflect stability, with industrial
commodities moving in a narrow range and farm products
In wholesale markets, about half of the 1,623 items in the
Bureau of Labor Statistics7 index for which series are shown
separately were the same in July as in January (see table).
Most farm products and foods moved upward or downward
but the changes were largely offsetting. Among prices of
commodities other than farm products and foods, a much
larger proportion—55 percent—were unchanged in July from
January.
The tendency for raw or semimanufactured materials
prices to lag relative to those of manufactures persists.
Based upon the comparison of July and January prices, this
was particularly true of agricultural raw foods, chemicals,
and fuels. Among forest products, the raw or semimanufactured materials declined in step with prices of manufactures until June and July when lumber prices jumped sharply
as a result of the shorter supplies stemming from industrial
disputes in the Northwest. Among metals and agricultural
nonfoods, however, prices of raw or semimanufactured materials gained relative to manufactures between January and
July largely due to appreciable rises in nonferrous metals
and semifinished steel products, and to higher quotations for
raw cotton, wool, leaf tobacco, and natural crude rubber.
SUEVEY OF CURRENT BUSINESS
September 1954
Plant and Equipment Investment in 1954
BUSINESS EXPECTS to invest $26.8 billion in plant and equipment in 1954, according to data reported in the August
survey of the Office of Business Economics-Securities and
Exchange Commission. This total compares with the record
$28.4 billion which was invested in new productive facilities
in 1953, and a 1952 total of $26.5 billion.
The report also completes the quarterly pattern of the
current year which is one of gradual decline from the peak
reached in the third quarter of last year. Projected outlays
derived from the current survey are at a seasonally adjusted
annual rate of $26.8 billion for the third quarter of 1954
and $26.0 billion for the fourth quarter. Expected fourthquarter expenditures are at a rate 9 percent below actual
outlays in the corresponding quarter of 1953.
If present plans for the rest of 1954 are fulfilled, capital
spending for the year of $26.8 billion will not differ much
from the $27.2 billion that business said it would spend in the
forecast made early this year. Relative differences between
the earlier plans and the present survey are small in all major
industry divisions, except railroads.
The indicated drop from the first to the second half of
this year centers primarily in durable goods manufacturing,
in railroads, and in gas utilities. Investment by electric
power, mining and commercial companies provides a strong
sustaining force in capital goods demand over this period.
Manufacturing trends
Investment by manufacturing concerns for the entire year
is expected to toal $11.3 billion, virtually the same as was
projected by business in the annual survey, and about one
billion dollars less than was spent last year.
The largest concerns in both durable and nondurable goods
industries—those with assets of more than $100 millionreport that they expect to spend as much this year as in 1953.
Trends within the year by major sectors are somewhat different in that nondurable goods producers expect only a
slight decline after the second quarter while the programs
of durable goods manufacturers indicate a 10 percent drop
over the same period. Running contrary to the latter trend
are the programs of electrical machinery firms, which expect
an increase, and of producers of nonautomotive transportation equipment, stone, clay and glass and machinery companies, which expect little change.
Chemicals and petroleum companies among the nondurable
companies report increases in capital outlays from the second
to third quarter, offsetting in part the declines reported by
producers of food and beverages, paper and textiles. Most
nondurable goods industries show very little change between
the third and fourth quarters, after seasonal allowances.
has been a factor. Unfilled orders for rolling stock this
summer were lower than at any time in the postwar period.
Reports by gas and electric companies indicate comparative stability in the seasonally adjusted rate of investment
in the first three quarters of this year; capital spending is
expected to fall moderately in the final quarter, due primarily
to reductions by the gas utilities. For the year as a whole
expenditures are expected to total approximately $4.3 billion,
as compared to a record $4.5 billion last year. The current
programs of electric power companies are quite close to those
projected early this year, while spending by gas companies
will apparently decline somewhat more than they had
expected.
Programs of trade and service firms in the commercial
group indicate a rising trend through this year. Most
sectors in mining expect comparative stability in their expenditure rate after an increase from the first to the second
quarter.
1954 investment vs. 1953
With anticipations for the fourth quarter now available
it is possible to make a comparison of the preliminary figures
for 1954 with the year 1953. As anticipated in the annual
survey durables were down much more than nondurables,
11 percent as against 5 percent, with an overall decline in
manufacturing of 8 percent. Outstanding in the durable
goods field is the increase of about one-third in programs of
automobile manufacturers, and the decreases of the same
relative size by primary metals producers as their major
expansion programs move towards completion. Machinery
producers will also spend almost 15 percent less than last
year while electrical machinery and stone, clay and glass
producers expect to maintain last year's investment rate.
Variations in the nondurable area are less extreme than
in durables. No large gains over last year are evident but
food, paper and petroleum companies are investing at close
to last year's levels. On the other hand, outlays by textiles,
chemicals and rubber companies will be about 15 percent
less than the investment of the year before.
Plant and Equipment Expenditures
BILLIONS OF D O L L A R S
B I L L I O N S OF DOLLARS
30
30
20
20
RATED /
i
Mixed trends in nonmanufacturing investment
The further reductions in railroad capital expenditures
are expected to bring the fourth quarter to the lowest rate
since the early postwar period. Reported investment for
the year will total $850 million, about one-third less than
in 1953. A 28 percent decline in 1954 was anticipated by
the rails in last February's survey.
This year's pronounced change follows two previous years
of moderately declining railroad investment. In the earlier
period the trend reflected the drawing to a close of largescale modernization programs. More recently the need to
cut expenditures in the face of lowered revenues and income
10
!0
1950
51
52
53
ANNUAL TOTALS
54
1954
QUARTERLY TOTALS, SEASONALLY
ADJUSTED, AT ANNUAL RATES
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
54-35-2
SURVEY OF CURRENT BUSINESS
September 1954
Table 2.—Expenditures on New Plant and Equipment by L. S. Business,1 1951—54
[Millions of dollars]
1953
1951
Manufacturing.
1953
1954
2
_ _ _ _ _ _ 10, 852 11, 632 12, 276 11,332
5,168
Durable goods industries
1, 198
Primary iron and steel
310
Primary nonferrous
Electrical machinery arid equip373
ment
683
Machinery except electrical
Motor vehicles and equipment. __
851
Octo- JariuJanu- April- JulyJuly- OctoApril- September—
ber—
Septemary arv2
Decc^m- March June
DecemMarch June
ber
ber
ber
ber 2
2,747
3,192
2,945
3,392
2,641
2,932
2,987
2,771
5,614
1, 511
512
5,821
1,340
456
5,198
891
302
1,331
326
112
1,486
369
120
1,376
322
109
1,628
323
115
1,224
210
77
1,336
221
77
1, 384
240
84
1, 254
219
63
386
701
855
481
803
461
694
88
183
119
215
116
191
158
214
94
162
112
173
116
182
139
177
il, 168
1, 510
230
252
275
411
322
402
409
376
219
397
1, 136
211
330
1, 107
339
1, 233
335
1, 004
75
317
88
322
84
278
92
316
75
283
86
264
94
258
79
199
_ _ _ _ _ _ _ 5,684
6,018
6,455
6,134
1,416
1,707
1,569
1,764
1,417
1,597
1,603
1,517
Transportation equipment excluding motor vehicles
Stone, clay and glass3 products
Other durable goods
Nondurable goods industries
1952
1954
Food and beverages
Textile mill products
Paper and allied products
Chemicals and allied products
853
531
420
1,247
769
434
364
1,386
818
351
431
1,559
764
290
448
1, 322
196
96
86
353
237
96
103
417
189
77
117
376
196
82
125
414
205
75
110
337
207
81
125
320
193
71
113
330
158
62
100
335
Petroleum and coal products
Rubber products
_ _
Other nondurable goods 4 _ „ _ _
2, 102
150
382
2,535
154
377
2,762
158
376
2, 796
133
381
540
34
111
709
43
101
695
37
79
818
44
85
549
32
109
720
34
109
773
34
88
754
33
75
929
985
1,011
1,008
225
234
265
288
223
266
268
251
_ _ 1,474
1,396
1,312
851
313
359
300
341
248
245
204
154
1, 490
1,500
1,464
1,405
337
366
386
376
360
355
355
336
3,664
3,887
4,548
4,274
925
1,158
1,219
1,246
910
1, 108
1, 179
1,078
7,235
7,094
7,778
7,818
1,792
1,979
1,984
2,023
1,859
2,013
1,987
1, 960
25, 644 26, 493 28, 391 26, 687
6,339
7,289
7,098
7, 666
6,240
6,918
6,980
6,549
Mining
Railroad
_
Transportation, other than rail__
Public utilities
__ _
Commercial and other 5 _
Total
Seasonally Adjusted at Annual Rates
[Billions of dollars]
Manufacturing
Mining
_ _
Railroad
Transportation, other than rail
Public utilities
_ _
Commercial and other 5
„_ __ _
Total
1. Data exclude expenditures of agricultural business and outlays
charged to current account.
2. Estimates are based on anticipated expenditures reported by
business in August, 1954. In addition to seasonal adjustment, these
quarters are adjusted when necessary for systematic tendencies in
3.CTnch,dyes fabricated metal products, lumber products, furniture
12. 35
.96
1. 34
1.38
4. 40
7.42
12. 26
. 93
1.34
1. 38
4. 64
7.92
12. 30
1.06
1. 30
1. 59
4.72
7.94
12. 22
1. 10
1. 26
1. 52
4. 46
8.00
11. 87
. 95
1. 06
1. 47
4.29
7. 84
11.37
1. 06
. 92
1.36
4.43
8. 05
11. 23
1. 05
.80
1. 39
4.30
7.98
10. 74
1. 05
.65
1.38
4. 11
8.03
27.84
28.48
28.92
28.56
27.48
27. 19
26.75
25.96
and fixtures, instruments, ordnance and miscellaneous manufactures,
4. Includes apparel and related products, tobacco, leather and leather
products and printing and publishing.
5. Includes trade, service, finance, communication and construction.
gouroe . ^ g Department of Commerce, Office of Business Economics
and Securities a
»d ExchanSe Commission.
SURVEY OF CURRENT BUSINESS
September 1954
5
Corporate Financing
FACILITIES expansion in 1954 described in the preceding
section has necessitated near-record long-term, financing by
corporate business. This financing has, as in earlier post-war
years, involved major reliance on internal sources although
the new issues markets remain a substantial source of
capital funds.
A major change in financing requirements was reflected in
the working capital position of corporations. In every postwar year but 1949, corporations substantially increased their
current assets. Last year the increase amounted to over
$4 billion, less than half the increase in 1952 and well below
the expansion in 1950-51. In the current year, however,
corporations made considerable reductions in their current
assets, primarily in inventories and liquid assets. Indeed
it would appear that the liquidation of short-term assets
was of the same order of magnitude as expenditures on new
fixed facilities so that, for the first time in the postwar
period, corporate balance sheets showed little or no net
increase in total assets.
While a good part of the reduction in current assets was
seasonal in nature, the reduction in inventories has been
persistent on a seasonally corrected basis, particularly on
the part of durable-goods manufacturers.
Short-term liabilities were liquidated to a somewhat
greater extent than were current assets so that on balance
there was need for new working capital funds. The rise in
net working capital (current assets minus current liabilities)
was, however, substantially less than in early 1953.
In 1953, total uses of capital funds by corporate business
amounted to slightly more than $28 billion, of which $24
billion consisted
of expenditures on plant and equipment.
(Table 3).1 Facilities expansion in the first half of 1954
involved the use of $11 billion of corporate funds, or 3 percent below the year-ago rate.
On the other hand, inventory adjustments resulted in a
$2 billion liquidation of corporate stocks during the first
six months of this year. This contrasts with an increase of
inventories of $2.6 billion in the comparable period last
year. At the same time, receivables were reduced in early
1954 whereas in the comparable period of 1953 corporations
were extending book credit to their customers. The latter
change reflects in part the reversal of trend in consumer
credit buying which occurred over this period.
Table 3.—Sources and Uses of Corporate Funds, 1946-53 l
[Billions of dollars]
Total uses
1950
1951
1952
1953
32 7
28 3
16 5
45 3
39 1
31 3
28 4
17 0
18 8
16 3
16 9
21 6
22 4
24 1
Increase in other assets —total
10 7
15 7
9 5
2
28 4
17 5
89
4 -^
11 2
71
4 2 —3 6
9 3
9 4
18
2 6
4 8
11
—2 0
57
7 6
1 5
— 2
6. 3
6
13 8
1 6
4 7
2, 6 —1 0
12 0
1 4
2g
60
19
4 0
1
1 5
2
1 2
32
12
2.0
4 5
16
2.9
28
19
.9
-.3
1 2
]
1. 1
8
4
Inventories
Keceivables .
_
Consumer
U. S. Government
Other
Cash, deposits, and U. S. Government securities
—4 7
10
Cash and deposits...- .
1. 1
22
U. S. Government securities... -5.8 -1.2
4, 1
13
2
10
.3
.7
14
2
2
5
1
3
6
2
(2)
3
6
32.4
29.0
15.3
43.5
38.8
11 4
12 4
7 6
12, 4
91
75
83
4 2
52
6,2
71
78
90
10 1
11 2
Net new issues — total, ,
Stocks .
Bonds
. ... ,
2 4
13
11
4 4
14
30
59
1 2
4 7
4 9
16
33
37
17
20
63
2 7
79
3,6
4 9
7 3
24
4 Q
Increase in other liabilities
81
11 4
4 5 —4 3
15
7
7
32
21
1. 1
Other assets
, .
— 6
(2)
21.9
72
Depreciation _ „ _ ... .
Total sources.. ... „
Retained profits
3
Mortgage loans. ....
Bank loans..
Short „
Long.,
....
Discrepancy (uses less sources).
30
1949
12 5
Other liabilities..,,. .,
BILLIONS OF DOLLARS (Book V a l u e )
1948
23.2
Federal income tax liabilities
Durable-Goods Manufacturers
1947
Plant and equipment. .
Trade payables
U. S. Government.,.,-.. ...
Other.. .
Inventories
1946
31.6
30
28. 3
19 6
14 4
61
6
10
9
7
9
2 6
14
1 2
1 1 —2 9
—1 7
6 —1 2
16
2 l
— 5
4 5
39
24
17
— 5
(2)
37
-.8
4.5
4 5
(2)
4 5
13
(2)
13
3
— 3
88
.3
85
27
.9
18
36
.9
2 7
— 1
-1.6
2,1
1.0 -2.2
7.2
4.4 -2.6
.9
2.1
15
.4
5
10
19
20
£
1.3
.3
-.7
1.2
1.8
.3
-.3
,1
7
(2)
6
7
6
1. Excluding banks and insurance companies. Data for 1946 through 1951 have been adjusted to Internal Revenue Service statistics for those years.
2. Less than $50 million.
3. Including depletion.
Source: U. S. Department of Commerce based on Securities and Exchange Commission
and other financial data.
Corporations also reduced their liquid asset holdings
sharply in the first half of this year—the drop being substantially greater than the $3 billion decline in early 1953.
In recent years there has tended to be a drain on cash resources in the heavy tax payment months of March and
June, offset in the second half of the year by additions to
liquid assets as tax payments tapered off,
10
i960
1951
1952
1953
1954
END OF Q U A R T E R S , S E A S O N A L L Y ADJUSTED
OFF/CE OF BUSINESS ECONOMICS. U. S, D, C,
54-35
1. The data in this table are revised estimates adjusted to 1951 benchmark material which
has just r"Hvmtly become available and incorporating the latest information for all years
through 1953.
Tax drain in 1954
The tax drain on cash resources of corporations was
especially heavy in early 1954. The excess of Federal tax
payments over new liabilities accrued in this period amounted
to about $7K billion, or nearly $5 billion more than in 1953.
Some of the factors involved in this change are outlined in
the following table (shown in billions of dollars):
SURVEY OF CURRENT BUSINESS
6
First half
Change
'
1st half 1954
2. 1
1953
1954
Tax payments
Due to changing effect of Mills amendment
12. 9
15. 0
Tax accruals
Due to lower 1954 profits
Due to change in effective tax rate 2
10. 2 1 7. 5
—2 7
-L 7
-1. 0
-2. 7 -7.5
-4. 8
Accruals less payments.
1. 4
1. Based on first quarter profits rate.
2. See discussion of Federal Government finances in this issue of the SURVEY.
It is clear from these data that the two most important
factors in the change from 1953 to 1954 were the fall in
profits and the impact of the Mills amendment. The fall
in profits meant in effect that there was a smaller volume
of funds available from current operations to offset the
heavy tax payments coming due. With respect to the Mills
amendment, corporations were required to pay 90 percent
of last year's tax liabilities in the first half of this year.
The proportion last year was 80 percent.
The high seasonal fluctuations in corporate tax payments
not only affects corporate financing but the money market in
general and the U. S. Government security markets in
particular. The recently enacted new tax law contains a
provision aimed at ironing out these seasonal movements and
at the same time placing corporations more nearly on a "pay
as you earn" tax schedule.
Internal financing continues dominant
In financing first half capital requirements, corporations
continued to rely heavily on internal sources. Retained
earnings in early 1954 were down from last year reflecting
the lower volume of current earnings and the maintenance of
relatively liberal dividends. On the other hand, depreciation allowances were increased, offsetting in substantial
degree the lower earnings. These combined funds from
operations were approximately one-half billion dollars lower
than the $10.5 billion retained in the first half of last year,
but about $1 billion higher than the volume of funds supplied
by these internal sources in the comparable period in 1952.
It will be noted from table 3 that the absolute volume of
long-term internal financing by corporations was fairly stable
in the period from 1950 to 1953, ranging from $18 billion to
$20 billion. During this period, total financing needs, while
high even by postwar standards, were steadily reduced from
the 1950 peak. Thus the relative importance of internal
financing increased steadily over the period.
This reflected in good part the changing pattern of financial requirements, especially the reduced need for new
working capital. Needs for additional working capital,
essentially short-term in nature, reached a postwar peak in
the inflationary situation surrounding the outbreak of
Korean hostilities in 1950. While corporations continued to
add to their current assets after 1950, the amount of new
funds needed decreased substantially in each succeeding
year. These additions to current assets were financed for
the most part from short-term sources, notably supplier
credit (trade payables), bank loans, and Federal tax accruals.
Rising depreciation allowances
It may be observed that depreciation allowances have
constituted the larger share of internal funds in the more
recent period. This resulted mainly from the steady expansion of depreciation allowances, as the heavy facilities
expansion programs of business added steadily to the base of
September 1954
depreciable assets and as the emergency accelerated amortization provisions which have been in effect since 1950 permitted faster writeoffs of defense-related facilities.
The Internal Revenue Code of 1954 incorporates as a
permanent feature of the tax laws a more liberal policy for
writing-off the cost of capital assets. The principal provision of the code dealing with this aspect of depreciation
permits business firms to write off new facilities in the early
years of the asset's life at a faster rate than was permitted
under the former law. Since the total allowed depreciation
has not been changed, the new provision shifts in effect the
timing of depreciation deductions, with the relatively heavy
early-life writeoffs being offset by relatively light deductions
in the later stages of the asset's life.
New issues lower
In the first 6 months of the year, the net inflow of funds
from the new issues market amounted to just under $3.5
billion, about $600 million less than was raised in the comparable period of 1953. This reduction was confined to
new bond issues; net proceeds from stock sales were slightly
higher than a year ago.
Among the major groups, the principal change from a year
ago was the greatly reduced financing of firms supplying
short-term credit to consumers. The "financial and real
estate" group (which includes these firms) raised less than
$100 million through sale of debt issues in the first half of
1954, in contrast to the record sum of $800 million raised
in the comparable period of 1953.
Total net proceeds from sales of new stocks amounted to
$1.6 billion in the first 6 months of the year, $200 million
more than a year ago. The volume of new stock sold in the
first half of this year reflects in part the conversion of a
large amount of outstanding bonds into stocks in the communications industry and did not represent new money.
Net proceeds of stock sales by this industry amounted to
$675 million in the first 6 months of the year, an increase of
$350 million from early 1953.
Stock sales by the utilities group amounted to about $500
million in the first half of 1954, down slightly from the
comparable period of 1953. The communications and
utilities groups combined accounted for over three-fourths
of total net proceeds from stock issues in the first half of
the year.
Table 3 shows that new issues have supplied a larger
absolute and relative share of total corporate financial needs
than was the case earlier in the postwar period. This is
true not only for the bond market but for the stock market
as well. No doubt this recent greater reliance on external
markets is a reflection of the currently less liquid position of
corporations as compared with the early postwar years when
the excess liquid resources built up during the war period
were an important source of financing for many firms.
However, the relatively favorable terms of financing, including the higher values currently placed on equities in the
stock market appears to be a factor as well.
Cost of financing lower
With the reduction in demand pressures on the capital
market, the maintenance of relatively high rates of savings,
and the active interest of monetary authorities in fostering
credit ease, the cost of borrowed funds in mid-1954 was at
the lowest point in the last few years. The average yield
on corporate bonds, as measured by Moody's series, is
currently at 3.1 percent, the lowest point since 1951. A
September
SURVEY OF CURRENT BUSINESS
1954
year ago the yield was 3.5 percent. Short-term open
market rates have declined even more sharply since last
summer's highs.
Yields on equity securities are likewise substantially reduced from last year. While corporate earnings are lower
than a year ago, stock prices are higher. Thus the ratio of
earnings to stock prices has fallen substantially in the last
12 months, and by the second quarter of 1954 was at a postwar low. The same general picture prevailed with respect
to dividend yields. In the latter case, the lowered yields
was almost entirely a reflection of improved stock prices
since dividend policies of corporations have generally tended
to maintain or even to increase distributions over the past
year.
Bank loans reduced
In readjusting their working capital position, corporations
have reduced bank borrowing in 1954. This is a continuation of the changed conditions initiated last summer. Since
that time, corporate business reduced outstanding bank
loans by about $1 billion. In the three preceding years these
loans were increased by over $8 billion, principally to finance
inventory and other working capital expansion.
Government Expenditures and Income
COMPLETION by Congress of action on the Federal budget
for the fiscal year 1955 makes timely an evaluation of the
trend in government spending and income in relation to the
movement of economic activity.
The accompanying chart on Federal budget receipts and
expenditures shows the advance from 1950 to 1953, and the
effects of the shift in budgetary policy in 1954 toward a
balance at a reduced level of both expenditures and taxes.
The charts reflect the substantial reductions from the peak
during the Korean period in the amounts of new funds made
available by the Congress for the operation of the various
Federal Government agencies. By fiscal year 1954 new
obligational authority was one-third under the high of
$93 billion appropriated in fiscal year 1952 and enactments
for 1955 have been cut an additional 10 percent.
Budget expenditures of the year ended last June 30 totaled
$67.6 billion, $6K billion less than in fiscal year 1953. With
budget receipts down only slightly, a two-thirds reduction
in the administrative budget deficit was accomplished
during the past fiscal year.
The cash income of the Federal Government increased
fractionally in fiscal year 1954, in part reflecting the rise in
social insurance tax rates last January. With the reduction
in expenditures, the cash income and cash outgo were in
approximate balance last year as compared with a $5.2
billion deficit in fiscal year 1953.
Federal purchases decline
Most Federal spending is for goods and services including
military and civilian pay rolls, new construction, procurement and services such as rent, utilities, and transportation.
Federal purchases were at an annual rate of about $51
billion in the April-June quarter of 1954, of! between $10
and $11 billion from the peak rate a year before. This was
a factor in the $14 billion reduction in the gross national
product over the same period, although it should be stressed
that there w^ere also other shrinking components which were
offset by increasing demand, most notably in consumption
and residential construction.
Federal outla3rs moved downward in each quarter after
the spring of 1953. Over the past year the reduction has
applied to every major category of Federal purchases.
Military payrolls are now lower by almost $1 billion annually, and wages and salaries of Federal civilian employees
have been lowered by $K billion. New construction expenditures have been cut and procurement is down sharply.
National security outlays which include Defense Department military expenditures and spending for foreign economic
and military aid and for the atomic energy and stockpiling
Federal Budget Receipts
and Expenditures
BILLIONS OF DOLLARS
80
EXPENDITURES
60
NET RECEIPTS
4O
20
I960
1951
1952
1953
1954
FISCAL YEARS, ENDING JUNE 30
DATA: BUDGET BUR. 8 TREAS.
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
54-35-11
activities, comprise five-sixths of the total expenditures and
most of the reduction was in this broad category. The outlook is for smaller purchases for the farm price support program this year and other non-national security spending is
being gradually reduced; together these accounted for about
$1# billion of the total $11 billion decline by late spring 1954.
The downturn in national security purchases has been a
fundamental development affecting business activity during
the past year. Following three years of growth the peak
was reached in the April-June quarter of 1953 at an annual
rate of $54 billion, more than three times the rate before the
build-up began. At that time almost 15 percent of the gross
national product was being channeled into the defense
effort. With the end of fighting in Korea, and as a result of
the topping off of programs for some items and the reconsideration of the entire militaiy program, the trend was
reversed. I$y the second quarter of 1954 national security
purchases had been reduced by one-fifth to an annual rate
of $44/2 billion and then accounted for one-eighth of the
gross national product, the smallest share since the autumn
of 1951. Preliminary indications are that defense spending
has continued to move downward thus far in fiscal year 1955.
SUKVEY OF CURRENT BUSINESS
8
Munitions deliveries
Most of the decline in national security expenditures
occurred in defense hard goods. Expenditures in this category account for about one-half of all defense spending; they
are roughly equal in amount to business spending for
machinery and equipment,
National Security Purchases
• Are down one-fifth from the peak
» Most of the reduction is in hard goods
BILLIONS OF DOLLARS
60
TOTAL
NATONAL SECURITY
PURCHASES
40
20
DEFENSE HARD - GOODS
DELIVERIES
I960
1951
QUARTERLY
1952
1953
1954
TOTALS, AT ANNUAL RATES
OFFICE OF BUSINESS ECONOMICS. U. S D. C.
Total outlays for munitions, however, represents a composite of expenditures for nine major groups of hard goods,
ranging from civilian-type durable commodities to highly
complex aircraft and electronics equipment with long leadtimes in production. Thus, during the build-up since 1950,
mobilization goals for the various kinds of hard goods were
fulfilled at varying times. In the early stages of the program, expenditures for all types were rising but by late
1952 outlays for some types turned downward, partly offsetting further advances in the more complex items. By
Appropriations and Obligations for
Defense Department Military Functions
BILLIONS OF DOLLARS
75
APPROPRIATIONS
50
25
September 1954
last year the groups with the longest lead-times were approaching a plateau.
For the past year the weight of these varying rates of
expenditure changes has been such that total munitions
deliveries have been declining, and the trend is continuing.
The present annual rate, amounting to about $20 billion,
represents a reduction of $8 billion from the peak rate in
the spring of 1953.
The cutbacks in munitions schedules also meant that
inventories which were previously being accumulated in1
support of the defense program could be reduced. Thus the effect on current production for defense was larger than that
indicated by the change in Federal spending.
Inventories of durable goods manufacturers almost doubled
from January 1950 to September 1953, the rise amounting
to more than $12 billion stated in terms of book value.
During this period large additions to durable goods inventories were necessary in order to support the rising trend
of defense outlays arid the expansion of capacity in industries
vital to the mobilization base. Subsequently, these inventories have been reduced by $2% billion.
As a component of the gross national product, the change
in the inventories of durable goods manufacturers was
adding almost $3 billion to final product in the second quarter 1953 as compared with $5 billion of liquidations in the
second quarter 1954, both at annual rates. Available information does not permit an estimate of that portion of this
$8 billion swing which may be attributed to the change in
the course of munitions production but certainlv the declining
trend of defense hard goods orders and deliveries was a
principal factor.
The impact of the trend of defense expenditures on business activity over the past year is further revealed by comparing changes in defense obligations and total manufacturers'' new orders for durable goods. For the year ended
last June 30, Defense Department obligations, measuring
new commitments against available funds, amounted to
$28 billion, almost $18 billion less than in the previous year.
Obligations for hard goods, amounting to $5.6 billion in
fiscal year 1954, accounted for $15K billion of this decline.
During the same period, manufacturers' new orders in the
durable goods industries fell by more than $27 billion, or
almost 19 percent. (See chart on page 1.) These two
magnitudes cannot be compared directly, since manufacturers' new orders include not only the Government prime
contracts but alsa the subcontracts which flow therefrom.
Nevertheless, the pattern is suggestive of the impact of
the drop in defense hard goods obligations upon manufacturers' new orders.
For the fiscal year ending next June 30, Congress enacted
$29.6 billion of new obligational authority for the military
functions of the Defense Department as compared with $34.5
billion for last year and a peak of $60.5 billion for fiscal year
1952. With the large carryover from fiscal year 1954 total
available funds are just short of the amount for last year.
Obligations in recent months show some pickup from the
lowered rate of the year before but even if, for the first time
since 1950, obligations in fiscal 1955 equal or slightly exceed
new authority for the year ($29.6 billion), the increase from
last year's $28 billion of new obligations would be moderate.
A somewhat higher proportion of new obligations in the hard
goods category is indicated, however.
Tax cuts and transfer payments bolster income
1950
1951
1952
1953
1954
FISCAL YEARS, ENDING JUNE 30
1955
f Of
OFFICE OF BUSINESS ECONOMICS. U. & D. C
OEFEMSC
54-35-14
Federal expenditures for transfer payments and interest
increased during the past year, thereby partly offsetting the
reduction in income resulting from lower production. The
cut in tax liabilities was even more important in providing
support to private income available for spending.
SURVEY OF CURRENT BUSINESS
September 1954
Federal Taxes
Substantial reductions were made effective
during 1954
BILLIONS OF D O L L A R S
REDUCTIONS
PERSONAL
INCOME TAXES
Contributions
for Social
CORPORATE INCOME
TAXES-INCLUDING
EXCESS PROFITS
TAXES
Insurance were
increased
HJjjTIW
9
employment benefit payments. These benefit payments
were at an annual rate of $2.2 billion in the quarter just
ended—2% times the rate of a year ago. Other social security benefit payments continued to rise while transfer
payments arising from the various veterans' benefit programs
showed little change in the aggregate. Federal interest
payments also continued to increase over this period.
The 1954 amendments to the Social Security Act provide
for important changes in Federal old-age and survivors
insurance benefit payments and contributions which also
affect the fiscal outlook for the present year. Changes in
the benefit formula, eligibility requirements, arid other
benefit provisions effective this month will increase transfer
payments by more than $1 billion on a full-year basis. The
immediate impact, however, is not expected to be so large.
As of next January coverage under this program will be
extended to an additional 1C) million persons and the taxable
earnings base will be increased from $3,600 to $4,200,
These provisions are expected to add about $% billion to
contributions during the first full year that they are in effect,
State and local expansion
OFFICE
OF BUSINESS ECOA.OWCS
U. $. D C,
54-35-12
Personal income tax liabilities are now lower than a year
ago by almost $4 billion on a full-year basis as a result of the
cut in tax rates last January and the more recent revisions in
the tax laws. In addition, excise taxes were reduced by $1
billion annually, the excess profits tax was permitted to expire1,
and the structural revisions contained many significant benef i t s for business. The full annual values of the tax cuts now
in effect and of the increase in social insurance contributions
also effective last January are depicted in the above
chart.
The timing of these tax reductions was such that the effect
on taxes actually collected from the public in fiscal year 1954
was relatively small with most of the revenue loss to be felt
this fiscal year. Nevertheless, a stimulus to consumer and
business spending was provided at the time that the cuts
look effect.
Combining the rise in Federal expenditures other than for
goods arid services with the drop in personal tax and nontax
receipts arid taking account of the step-up in personal contributions for social insurance, close to $6 billion is being
added to the rate of disposable personal income as against a
year ago. These programs have contributed to the moderate
increase in total consumer spending for goods and services
since spring 1953.
Federal corporate tax liabilities have absorbed a substantial portion of the drop in total corporation income during
the past year. From the second quarter 1953 through
January-March 1954, corporate profits before taxes had
dropped by about one-fifth from their quarterly peak as
compared with the 10 percent decline in profits after taxes.
Over this period tax accruals fell by almost $5 billion at
annual rates, reflecting the expiration of the excess profits
tax at the end of last December and, more important, the
shrinkage in the tax base. The difference between corporate
tax liabilities and payments during the past half year is
treated in the accompanying analysis of corporate financing.
Government transfer payments were up b}^ $2 billion at
annual rates from the second quarter of 1953 to the second
quarter of 1954, with most of the advance due to larger unDigitized312570°—54
for FRASER2
The growth since the end of World War II in the market
for goods and services provided by State and local governments continued during the past year and was an element
of strength in the course of economic developments. In
the quarter just ended, purchasing by these governments
was at an annual rate of $27 billion, up one-tenth from the
rate a year before. This increase was half again as large
as that in the previous year and considerably above the
postwar average. With national economic activity declining, the share of the national output going to these
governments moved up to 7.6 percent Not since before
the last World. War has this proportion been so large— and
it is still rising.
Construction outlays by these governments, now at an
annual rate of about $8 billion, accounted for one-half
of the increase during the past year. This increase was
larger than the amount by which total private new construction activity rose. Outlays for sewer and water facilities showed the largest relative increase while school arid
highway construction which account for a more important
part of the total are both miming one-fifth higher than a
year ago.
Virtually all of this increase in State arid local new construction occurred before March 1954. For the past six
months these expenditures, allowing for seasonal movements, have been fairly stable at a high rate.
Employee compensation also increased, reflecting in part
some further advance in average wages and salaries but due
mostly to employment gains. Over 4% million persons are
now on the pay rolls of State and local governments, about
200 thousand more than a year ago. School employment
increased at a much faster rate than the non-school portion.
Receipts and borrowing rise
State and local government income increased over the
course of the past year notwithstanding the declines in national product and income. The advance, however, was
only two-fifths as great as that in expenditures and was considerably less than in other recent years. With regard to
particular types of taxes levied by these governments, income from sales arid income taxes have been stable during
the past year while property taxes increased steadily.
As receipts did not keep pace with the rising trend of expenditures, the small surplus a year ago, has been replaced
(Continued on p. 22)
by Francis L. Hirt
Growth Characteristics of the Economy
Illustrated by the Chemical Industry
of the fundamental characteristics of the American
economy has been and is its dynamic growth. While the
expansion has been steady—cyclical fluctuations aside—at
an annual rate which has approximated 3 percent in terms
of the gross national product in constant prices, the forces
contributing to growth have been in part foreseeable and in
part unpredictable. Included in the former are such factors
as population trends and growth of urban areas, while in the
latter fall the results of basic discoveries and inventions, the
flow of products and processes from the laboratories, and
the direction of investments into new areas, new lines, and
new products. Hence, it has been difficult in the past, as it
is now in the present, to foresee clearly the direction from
which economic stimuli to further growth will come, as well
as to gauge the economic importance of products in the
embroyonic industrial stage, such as atomic energy. The
whole history of transportation is an illustration of this point.
To set in perspective and to illustrate this important
market phenomenon, a section of OBE's study "Markets
after the Defense Expansion/' devoted to the 1952-55
period, evaluated the role of dynamic industries in the
observed growth trend. Included was a brief review of the
chemical industry, arid it is the purpose of this article to
bring this picture up to date and to elaborate upon a prime
example of twentieth century growth.
The chemical industry since the turn of the century has
expanded at a rate substantially in excess of that for all
output and since 1939 the rate of growth has accelerated.
During the past 12 months of downward adjustment in the
general level of industrial activity chemical output has shown
relatively little change.
Comparative growth patterns
To appraise the role of new and established products in
relation to the growth of the chemical industry, historical
series were compiled for some 240 chemicals and chemical
products. The listing was limited to the available outputdata but it is believed that the coverage is sufficiently adequate to provide the general picture.
The list comprises many new materials and products as
well as the old-established lines and ranges over the entire
Production of Chemicals and
Allied Products, 1899 - 1953
INDEX, 1947-49 = 100 (Ratio Scale)
200
100
80
L. " OT -J
' AVAILABLE1
60
50
40
30
y
°-o-
20
Trend of Output
The accompanying chart shows this growth. The only
significant interruption to the upward trend in chemical
output in the 50 years covered, apart from the temporary
adjustments associated with reconversion problems following the two wars, occurred during the depression years,
1930-32. Even then the decline was less than in other segments of the economy and the subsequent recovery more
rapid. For sources of data in charts on pages 10 and 11,
and the method of preparing the production indexes, see
the note on page 11.
All three of the broad groups of chemical manufacturing
measured in the chart have undergone rapid expansion. The
industrial organics group, which includes plastic materials
and where the development of new products and new techniques has been especially noteworthy, has shown the fastest
rate of growth.
NOTE.-MR. HIRT IS A MEMBER OF THE C U R R E N T BUSINESS ANALYSIS
DIVISION, OFFICE OF BUSINESS ECONOMICS.
10
1900
05
10
15
20
25
30
35
40
3M/CS U. 5. D. C.
45
50
55
54-35-6
field of chemical manufacturing.1 It exemplifies the wide
range of products and their long-term development.
The items were classified on the basis of output from 1940
through 1953 into three broad groups—fast growing
defined
as those having an average rate of growth over 7l/2 percent
per year; moderately or slowly growing which are those with
growth rates up to"?K percent per year; and the declining
products. For purposes of identification, they were regrouped into three classifications-—industrial organic chemicals, industrial inorganic chemicals, and other chemicals and
allied products-—so that they correspond to the groupings in
the Federal Reserve production index of chemicals and allied
products.
1. For definition of new products see note at bottom of table 2.
SURVEY OF CURRENT BUSINESS
September 1954
The diversity of trends for individual products—new and
old established lines—from 1940 through 1953 can be seen
from table 1. Representation of these differential movements in production is further illustrated in the chart.2
An analysis of the growth trends of these individual products and their relation to general business fluctuations
reveals certain basic characteristics:
1. Many synthetic products compete with, replace, or
are used as alternatives to natural products.
2. Many of the basic chemicals—acids, alkalies,
sulfur, carbon black—are sensitive to changes in business cycles but after allowance for these influences they
have maintained a substantial net rate of growth.
3. Most of the consumer products—soaps, cosmetics,
drugs—are only little affected by fluctuations in business
activity and for these items the growth rates have been
below the total industry annual growth.
4. Some old-established products—such as black
blasting powder and arsenate—have shown declining
trends over a long period of years.
Table 1.—Production Growth Rates for 240 Chemical and Allied
Products, by Major Groups, 1940-53
Number of products
Annual rate of increase or decrease
Increasing
By 1% percent or moie
Up to 7^ percent
Decreasing
Group total
heavy basic chemicals—soda ash, sulphuric acid, benzene,
and ethyl alcohol—also fall in the moderately expanding
group. Production of these 4 materials combined has expanded an average of 5 percent a year since 1940.
Despite the substantial expansion in total industrial production and chemical output in particular over the past
decade, there has been a slow but persistent decline in the
output trends of 28 chemical products included in the list.
About half of the decreases were under 5 percent a year.
Growth Trends of Major Chemical Groups
Industrial organics expand most rapidly
INDEX, 1947-49 = 100 (Ratio Scale)
200
100
90
80
70
60
Industrial Industrial
organic
inorganic
Other
chemicals
and allied
products
70
25
5
28
22
14
36
31
9
134
78
28
100
64
76
240
11
OTHER CHEMICALS AND
ALLIED PRODUCTS
(IMPLIED)
Total
50
40
30
INDUSTRIAL
INORGANICS
20
Of the 240 chemical and allied products covered, more
than one-half are rapidly growing, one-third are moderately
growing, and one-eighth are declining. Each of these three
groups covers a variety of raw and semifinished materials
and finished goods with long-established uses both for industrial and consumer purposes. New products as defined in
the footnote at the bottom of table 2 accounted for over
one-fourth of the total number of items in the fast-growing
group, and the average rate of growth per year ranged from
the very large initial advance for streptomycin to 12 percent
for dichlorobenzene, ortho. Many of the new lines are still
experiencing large growth rates.
A caution is perhaps in order about rates of growth since
in initial periods output rises at a rapid pace which must
inevitably fall as production enlarges. Consequently, the
actual size of change as well as the relative size should be
noted in reviewing the tables and charts.
A large proportion of the products in the fast-growing
group consisted of the old-established lines. Most of the
heavy basic chemicals, the so-called workhorses of the
industry-—caustic soda, chlorine gas, hydrochloric acid,
nitric acid, phosphoric acid, ammonia, and synthetic methanol—are included in this group. The combined output of
these 7 raw materials has expanded 13 percent a year since
1940.
All of the moderately or slowly growing products are oldestablished lines with a market life of 25 years or more.
This category includes among many others the dyes, old-line
medicinals and flavor and perfume materials where demand
generally reflects changes in consumer income. A few of the
2. Sources of data in chart: Bureau of the Census and Business and Defense Services Administration of the U. S. Department of Commerce; U. S. Tariff Commission; Chemical
Economics Handbook, Stanford Research Institute; Society of the Plastics Industry.
INDUSTRIAL
10
9
8
7 I I I I I I I I I I I I I I I
1925 27 29 31 33 35 37 39
ORGANICS
I
47
I I I I I I I I
49
51
53
55
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
The reasons for these contrary trends vary from product
to product. For example, soap has been declining steadily
while the synthetic detergents have forged upward; lead and
calcium arsenate have now been supplemented by the
newer insecticides; zinc oxide and lead pigments have been
displaced by titanium dioxide which has greater covering
power; the market for black blasting powder has been taken
over by high explosives (dynamite); and natural methanol
and acetic acid have been almost entirely replaced by the
synthetic materials.
NOTE.—For the purpose of this article, the production index has been based on the Federal
Reserve Board index of "chemicals and allied products," available since the beginning of
1947, and indexes based on Census of Manufactures data for earlier periods. These were
calculated for census years from 1899 through 1939 by the National Bureau of Economic;
Research and, for 1947 relative to 1939, jointly by the Federal Reserve and the Bureau of the
Census. Production indexes are not available for the intercensus years and from 1940 through
1946.
The indexes for industrial inorganic and organic chemicals beginning in 1947 are components
of the Federal Reserve index, and the "all other chemicals" index represents a combination
of the remaining components of the Federal Reserve chemical index. For earlier years, the
inorganic and organic chemical indexes are from the Stanford Research Institute; the "all
other chemicals" index is derived as a residual from the independently calculated total index.
A comparison of the Federal Reserve and the Stanford Research Institute indexes of organic
and inorganic chemical production for the years 1947 through 1953 shows that the two sets of
indexes moved fairly close together despite differences in the number of products used and in
the method of weighting.
SUHVEY OF CURRENT BUSINESS
12
Table 2.—Production Trends of Selected New Chemical Products
and Materials
Production
Unit of measure
Product
1946
1953
Year Quantity
Streptomycin
Penicillin salts, total
Plastic pipe
2-4-5-T and derivatives
Polyethylene (Plastics)
Thous. Ibs
Thous. Ibs. .
Mill Ibs
Mill. Ibs .
.... Mill. Ibs
1946
1944
1950
1950
1943
3
3
5
2
1
3
44
13
430
753
30
11
135
6ft8
799
469
26
79
176
1230
56
155
2,134
Rubber, GR-S
Styrene, consumption
Polystvrene (Plastics)
2-4-D acid
Rubber, butyl
Thous. Ig. tons
Mill. Ibs
Mill Ibs
Mill. Ibs
Thous Ig. tons
1942
1939
1939
1945
1943
2
1
1
1
1
2
2
613
406
73
6
73
Argon
Isobutvlene, consumption
Pentaerythritol (Polyhydric)
Aliphatic amines, totalSynthetic detergents
Mill. cu. ft
Mill. Ibs
Mill. Ibs
Mill. Ibs
MiU. Ibs
1947
1935
1940
1938
1935
20
1
1
2
()
2
4
1
2
30
199
14
26
275
Vitamins, total
Benzene hexachloride
Svnthetic fibers, except rayon
Melamine (Plastics)
Polymethacrylates (Plastics)
Thous Ibs
Mill Ibs
Mill. Ibs
Mill Ibs
Mill. Ibs
1938
1947
1939
1940
1939
9
8
2
1
1
DDT
Poly vinyls (resins), total (Plastics).
Antibiotics, except streptomycin
and penicillin.
Methylene dichloride
Neoprene
Mill. Ibs
Mill. Ibs ........
1944
1939
10
14
Thous Ibs
1950
220
Mill Ibs
Thous. Ig, tons
1944
1939
Mill. Ibs
Mill Ibs
Sorbitol
.. . .
Maleic and other non-benezenoidalkyd resins (Plastics).
Perchloroethvlene
Methyl chloride.
„.
N-type synthetic rubber. _ „ _ _ _ . . . Urea (Plastics)
Monosodium glutamate
Coumarone-indene and petroleum polymers (Plastics).
Molybdate chrome orange (CP)_.,
Sulfa drugs
_ . _. .
Dichlorobenzene, ortho
5
1
2
54
14
27
5,132
57
301
63
42
23
46
156
84
516
9
2
3
14
48
64
80
1938
1935
1
1
2
7
8
54
125
76
1940
Mill. Ibs
Mill. Ibs............ 1935
1941
Thous. Ig. tons,.
12
2
3
12
3
359
29
6
152
40
20
1930
Mill. Ibs
Mill. lbs._. _ _ _ _ . . _ . _ 1939
Mill. Ibs
1940
2
1
24
22
na
24
77
na
86
194
15
207
2
1
355 ~~650~ 5,103
1
15
6
4
4,672
26
..... .
Thous. sh. tons..... 1943
Thous. lbs_.
.... 1937
Mill. Ibs
1933
56 2,215
441
na. Not available.
1. Data are for 1952.
2. Less than 500,000 Ibs.
3. Data are for 1945.
NOTE.—For the purpose of this analysis, new products were considered to be those which
have been introduced in commercial production since 1930. It should be pointed out that
the new products included in the tabulation consist in the main of chemical materials requiring further processing and, therefore, the many hundreds of final products or component
parts fabricated from plastics and other chemical materials and introduced into the market
in the past 25 years are not listed in the tabulation.
Sources: Bureau of the Census and Business and Defense Services Administration of the
U. S. Department of Commerce; U. S. Tariff Commission; Chemical Economics Handbook,
Stanford Research Institute; and Society of the Plastics Industry.
The role of new products
An important factor contributing to the growth of chemical
manufacturing over the long-term has been the continual
development through research of a wide range of new products for both industrial and consumer use.
Thus, important new products introduced before the
mid-twenties included rayon, dyes, and certain types of
synthetic plastics. Ammonia and nitric acid were first
produced synthetically in 1925. Neoprene, a type of synthetic rubber, and nylon were developed in the thirties.
But the period since 1939 has heralded important and far
reaching discoveries, stimulated and to some extent forced
by the wartime conditions.
Some of these new products are well known, such as the
new synthetic fibers, rubber, and detergents, antibiotics
and the agricultural chemicals. Output of chemical products
which were just entering commercial production in 1939 plus
those subsequently introduced, account, on the basis of a
rough calculation for a representative sample of some of the
more important items, for about 20 percent of the Federal
Reserve Board production index of chemical and allied
products, and something under 2 percent of total industrial
output,
New product patterns
First year
available
1940
September 1954
An analysis of the production trends of newly developed
products generally shows a variety of patterns. Three basic
characteristics stand out:
1. Most successful new products have shown steep
and almost uninterrupted growth trends though at
varying rates.
2. Many new products after a rapidly growing initial
phase have continued to expand but at a considerably
reduced rate.
3. Some new products after rising rapidly in the early
years of production have begun to level off or have
declined.
The growth rates and the magnitude of production gains
for 36 relatively new products are presented in table 2. It
should be pointed out, however, that a few of these products
have been in production and on the market for only a short
time so that their full market potentialities are still to be
tested.
As might be expected, the highest growth rates appeared
in the more recently developed products such as streptomycin, plastic pipe, and polyethylene, while the less rapid
growth rates were experienced in those products which have
had a longer life span. Even so neoprene, for example, still
has a 17 percent growth rate. With few exceptions, growth
rates for new products from 1950 to 1953 were considerably
below the longer-term experience.
For the 36 new chemical materials and products considered as a whole, the geometric average increase has been
about 40 percent. The value of output of these new lines
at manufacturers' prices totaled roughly $3.5 billion to $4
billion in 1953. This compares with about $100 $150
million in 1940.
Rise of plastics
The development of the plastics industry ranks high
among the technological advances that have occurred in the
past decade or so. Though plastics have been produced for
many years, in a sense the industry is quite young. Many
of the plastic materials used in present-day manufacturing
were products developed during and since the war. In fact,
the last war built up the industry as plastic materials demonstrated their usefulness both in the manufacture of goods
which otherwise would have required materials, such as
metals or wood, which were generally in short supply, and
in the creation of new end products.
Output of plastic materials has been expanding at an
average rate of about 20 percent per year since 1918. It is
one of the largest areas in the synthetic organic field, accounting for close to 10 percent of the volume and 25 percent of the sales value of all synthetic industrial organics,
which in 1953 totaled 29 billion pounds with a value over
$4 billion, according to reports of the U. S. Tariff Commission. Thus plastics have assumed a place of major
importance in our industrial economy.
In 1919 output of plastics totaled 23 million pounds, largely
cellulosic materials. Twenty years later, it had risen to 247
million pounds, and by 1953 to 2.8 billion pounds, or almost
double the 1949 volume and well over 10 times the 1939
tonnage. Plastics volume, for example, approximates the
present rate of aluminum production.
The sharply rising curve of total plastics production is
depicted in the chart. The noncellulosic plastics, which
account for about 95 percent of the total, have generally
September 1954
13
SURVEY OF CURRENT BUSINESS
PRODUCTION TRENDS OF CHEMICAL PRODUCTS
Fast Growing —
Slower Growing —
Over 7i% per annum
Declining Products —
Less than 7i% per annum
MILLION POUNDS - Ratio Scale
10,000
MILLION POUNDS- Ratio Scale
10,000
MILLION POUNDS- Ratio Scale
10,000
8,000
8,000
SODIUM CARBONATE
6,000
6,000
(SODA ASHJ
5,000
5,000
4,000
4,000
3,000
3,000
2,000
2,000
RAYON AND ACETATE
1,000
1,000
800
800
600
500
400
600
300
300
200
200
LIT HO PONE
500
400
100
80
MILLION SHORT TONS-Ratio Scale
50
40
60
50
30
30
SALT
20 _ ACETIC ACID,
NATURAL
20
BLACK BLASTING
POWDER
SULPHUR, CRUDE
i i i i I i i i i i i i i i i i i
1940 42
44
46
48
50
52
54
I
I
1940 42
I
I
I
44
I
46
I
1 I
1 !
48
50
1
52
1
i
54
I
!
1940 42
1
i
44
I
I
I
46
I
48
1
1
I
50
1
1 I
52
54
DATA: SEE TEXT FOOTNOTE 2
OF BUSINESS ECONOMICS, U, S. D. C,
followed a straight-line rapid growth trend throughout the
period. The cellulose group of plastics, which are processed
into finished consumer products as celluloid toys, games,
buttons, and other items, have shown an irregular up-trend,
with most of the rise occurring since 1941.
Many of the plastic products, a number of which are
included in table 2, have reached volume production with
increases in output for some of the individual materials
especially striking.
54-35-8
The moderate dip in total output in 1952 reflected largely
the adjustments which were occurring in many manufacturing industries beginning in the fall of 1951 and continuing
for the most part through the first half of 1952. In 1953,
plastics production reached a new peak, approximately 20
percent higher than in 1952. For the first half of this year
output, while down 5 percent from the second quarter peak
of 1953, was still slightly above the average for the year as
a whole.
14
SURVEY OF CURRENT BUSINESS
Expansion in Investment
The expansion of the chemical industry has in large measure resulted from an ever increasing scale of industrial
research and developmental work over the past decades.
Many of the larger chemical companies, according to a 1951
survey conducted by the U. S. Department of Labor in
cooperation with U. S. Department of Defense, spend for
such purposes a higher proportion of annual sales than most
other major industries.
The chemical industry's expenditures for new plant and
equipment have kept pace with the expanding outlays for
research and development of new products. This investment has been at a very high rate throughout the postwar
period and particularly since 1950, when the defense program
necessitated the immediate installation of greatly expanded
production capacity of chemicals.
Despite the tremendous new capacity built during World
War II the expanding peacetime markets for chemical
products in the postwar years required additional substantial
investments in new plants and facilities. From 1946 through
1953, outlays for new plant and equipment by the chemical
industry averaged close to $1.1 billion annually, aggregating
$8.5 billion over the 8-year period and representing 10
percent of the total for all manufacturing. Of this amount
well over one-half was spent after 1950.
PLASTICS
Output Expands Rapidly
MILLION P O U N D S - R a t i o Scale
4,000
3,000
2,000
1,000
800
600
500
400
NONCELLULOSIC
PLASTICS 8 RESINS'
TOTAL PLASTICS
300
200
100
80
60
50
40
20
CELLULOSE
PLASTICS
/1
I
••J *\ I'
\ I
\I
If
DATA-. CHEMICAL ECONOMICS HANDBOOK,
I I I
1918 20
25
30
BUSINESS ECONOMICS. U. S. D. C.
35
45
50
55
54-35-10
In the current year, investment expenditures have continued at a high rate; over $1.3 billion will be spent. This is
nearly one-fourth higher than the 1946-53 average though
moderately below the record year of 1953 when close to $1.6
billion was expended. Most of the drop this year reflects, of
course, the tapering off of expenditures resulting from the
completion of expansion goals set up under the facilities expansion program.
September 1954
It should be noted that the investment in plant and equipment by the chemical industry also includes expenditures for
facilities not related to chemical production. On the other
hand, many of the petroleum companies are spending large
sums of money for expansion into the chemical field which is
becoming increasingly tied up with the development of
petrochemicals, products derived from crude petroleum and
natural gas. Similarly, many of the rubber companies are
also finding it advantageous to extend their scope of operations into chemical lines through the production of synthetic
rubber and related items.
Facilities programs for new products
A large proportion of the industry's investment in new
plant and equipment is known to be budgeted for plants producing new products. Exact figures are not available to indicate the relative importance of expenditures earmarked
for new product facilities and those set aside for established
products. Figures compiled by the Bureau of the Census do
suggest, however, that well over two-fifths of total expenditures for plant and equipment in the chemical industry since
1946 went into new plants producing industrial organic chemicals, the area where most of the new product development
has been centered. Moreover, in a survey conducted in late
1952 by the Office of Business Economics it was indicated
that large chemical manufacturing companies expected during the next several years to devote about one-half of their
total investment—and three-fourths of their total expenditures for expansion—to new products.
Expansion in synthetic fibers
The record of synthetic fibers is typical of the expansion
which has been associated with growth in investment.
Production of rayon and acetate, or the cellulosic fibers,
amounted to 51 million pounds in 1925. By 1939 it had
risen to 380 million pounds, and in 1953 the total reached 1.2
billion pounds. Rayon and acetate capacity, according to
Textile Organon, has doubled since the end of the war, rising
from 800 million pounds to 1.6 billion at the end of 1953
Present expansion plans call for an additional 100 million
pounds by the end of 1955. It is obvious that this vast
expansion is associated with a very high investment in new
plant and equipment within the chemical industries and to
some extent in related industries supplying raw materials.
Expenditures for new plant and equipment are not available for rayon but some indication is provided from applications for tax amortization certificates which show that a
direct capital investment of about 75 cents is required for
every new pound of additional rayon capacity installed.
For the noncellulosic fibers such as nylon and the more
recently developed synthetic fibers the expansion of facilities
has likewise been of considerable magnitude.
The production of nylon, the first of the newer fibers, began
late in 1939 with a plant capacity of approximately 4 million
pounds. Constant expansion of facilities during the war and
the immediate postwar years brought capacity for nylon and
other types of noncellulosic fibers—Dacron, Orion, Acrilan,
Dynel, and others which were introduced at varying dates
shortly after the war—to around 150 million pounds in 1950,
of which about two-thirds represented nylon. At the end
of 1953, capacity totaled 428 million pounds and this is
expected to increase by two-fifths to a total of over 600
million pounds by the end of next year, a fourfold increase
in 5 years. The contemplated investment in plant and
equipment for the nylon expansion program alone since 1950
has been estimated, on the basis of tax amortization certificates approved, at over $200 million. An equal amount is
indicated for the newer fibers.
(Continued on p. 22)
by Walther Lederer and Marie T. Bradshaw
International Trade
and Domestic Business
R,
lECENT developments in United States foreign trade
have exerted on the whole a favorable influence on domestic
business conditions. The relative stability of nonmilitary
exports through 1953 and particularly the rise which set
in during the early part of 1954 aided in minimizing the
decline in national output. At the same time various factors
discussed later enabled most foreign countries to maintain
their sales to the United States at a relatively high rate.
United States imports during January-June 1954 were only
7 percent below the near-record purchases in the first half
of 1953. They were as large as in the second half of last
year, and the trend this year has been upward.
The shipping strike which occurred in March 1954 was in
part responsible for the significant gains in trade during the
second quarter. Data for May and June indicate, however,
that even without the strike, both exports and imports
would have been higher than in the first quarter.
Noteworthy also has been an expansion in services exchanged, and an accelerating trend toward the freeing of
international transactions from Government controls in
some of the major countries in Continental Europe, the
sterling area, and in some of the Latin American Republics.
The relaxation of restrictions on international transactions
has been made possible not only by the improved gold
and dollar position of the countries concerned but also by
their rising confidence in their own productive capacity and
competitive ability, and in the maintenance of high output
and incomes in the United States.
Among other factors contributing to this improvement
has been the large expansion in foreign travel, which promises
to provide nearly $1.2 billion to foreign countries this year.
Travel expenditures by United States residents in foreign
countries during the first half of 1954 amounted to nearly
$400 million. In addition, travelers paid nearly $100 million
in fares to foreign carriers, and about $110 million to United
States steamship companies and airlines.
Payments by travelers during the first 6 months normally
run about two-fifths of the annual total. On this basis,
United States travel expenditures, excluding international
fares, should reach nearly $1 billion for the year 1954.
Although foreign restrictions on transactions with the
United States have been considerably relaxed, and foreign
grants and loans by the United States Government were
further reduced, foreign countries added another $200 million
to their gold and liquid dollar assets through transactions
with the United States in the second quarter bringing the
total for the year ending in June to about $1.7 billion.
Even though the overall rise was about $200 million less
in the second quarter than during the corresponding period
of last year, the rise in such assets of the sterling area was
about equal to that of last year. Continental Europe, in
addition to reducing long-term debts to the United States,
NOTE.—MR. L E D E R E R AND MISS BRADSHAW ARE MEMBERS OF THE
BALANCE OF PAYMENTS DIVISION, OFFICE OF BUSINESS ECONOMICS.
FRANCES P. SASSCER, OF THE SAME DIVISION, PREPARED THE SECTION
ON FOREIGN TRAVEL, AND DANIEL ROXON ASSISTED IN PREPARING
T H E MERCHANDISE TRADE ANALYSIS.
continued to expand its reserves, but at a slower rate. The
nonsterling countries in Asia, mainly Japan, Siam and the
Philippines, however, had to meet increasing deficits.
The accumulation of gold and dollar assets by Latin
American as a whole was considerably smaller than a year
earlier and there were sharply divergent trends within the
area. Colombia, Venezuela and Cuba had substantial gains,
while Brazil and Mexico had losses. A capital outflow from
Mexico forced gold sales to the United States of $80 million
offset in part by an increase of $34 million in Mexico-held
dollar deposits.
MERCHANDISE TRADE
Merchandise exports from the United States aside from
military end-items transferred under aid programs were $200
million higher
in the first half of 1954 than in the like period
a year ago.1 About half of this rise consisted of raw cotton,
vegetable oils, and other agricultural commodities. The
improvement in these exports was facilitated by the disappearance of excess cotton inventories in the rest of the world
and by the acceptance of foreign currencies by the Government in payment for agricultural exports over and above
normal foreign purchases. Shipments under this program,
which started late in 1953 and amounted in that year to
less than $15 million, exceeded $100 million during JanuaryJune 1954.
Among major agricultural products only grain and tobacco
exports in the 6 months were below those of a year ago.
The lower shipments of tobacco resulted entirely from the
variation in timing of United Kingdom purchases. Sales
during the crop year July 1953-June 1954 were actually
higher than those of the preceding year. Grain exports,
however, continued to decline in the first half of 1954.
Emergency shipments to Pakistan had been completed at
the end of 1953 and shipments to Europe continued to be
adversely affected by increased production within Europe
and imports from other sources.
Exports and domestic production
Exports of nonagricultural goods in total also rose during
the first half of this year though the effects of foreign sales
upon domestic industries differed considerably. Greater
exports of motor trucks and coaches, automobiles, railway
passenger cars, and nonferrous metals daring 1954 offset in
part the reduced domestic sales of these products. The
steel industry was also helped by foreign demand which
offset in part the lower domestic shipments. Rising sales
abroad aided the total sales of the chemical industry, which
is the subject of a companion article in this issue of the
SURVEY.
For some other industries—machine tools and metalworking machinery, tractors, freight cars, and coal—lower exports as compared with last year coincided with reduced
domestic demands.
1. The figure shown in table 4, line 5, for the first half of 1953 includes large transfers under
the Korean relief program of supplies obtained overseas.
SURVEY OF CURRENT BUSINESS
16
September 1954
Nonagricultural Exports of the United States and of
Other Major Manufacturing Countries *
To _
To-
Latin American
Republics
Canada
Independent
Sterling Area
M I L L I O N S OF D O L L A R S
MILLIONS OF
DOLLARS
800
800
700
700
600
H 600
500
500
400
400
300
300
OTHER OEEC COUNTRIES
UNITED
aoo
UNITED KINGDOM
STATES
OTHER OEEC COUNTRIES
200
\
too
100
OTHER OEEC COUNTRIES
( I N C L U D I N G G E R M A N Y ) "v.
1952
1954
1952
1953
* U.S. EXPORTS DO NOT INCLUDE SPECIAL CATEGORY GOODS, MAINLY MILITARY END-USE ITEMS.
CANADA FROM ALL COUNTRIES SHOWN DO NOT INCLUDE COAL AND OIL,
1954
1952
1954
EXPORTS TO
OFFICE OF BUSINESS ECONOMICS. U. S. D, C.
Larger raw material exports
Producers of chemicals, metals, hides, wood and paper,
and other basic materials were among those to benefit most
from the growing export demand which developed in 1954.
Exports of these products increased7 in importance relative
to those of most types of producers durable goods. In the
latter category, the only major improvements were in truck
exports and to a lesser extent in construction equipment.
The partial shift from exports of industrial equipment to
shipments of basic materials reflected, to a degree, business
developments in Canada and some other countries, as well
as the decreasing backlog of European orders for machine
tools and industrial equipment. At the same time, new or
expanded industries abroad required greater imports of raw
materials. In the first half of 1954 Western Europe's industrial production was substantially higher than a year
earlier.
Moreover, some European countries expanded their inventories of copper and other basic metals and materials in
recent months. These purchases may also have been stimulated by the resumption in August 1953 of private trading
in copper on the London Metal Exchange and by the develop
ment of more abundant supplies of metals, hides, and other
raw materials in the United States where export controls
were relaxed as dom.estic demands eased and inventories
policies became increasingly conservative.
Exports of consumer goods fare well
Exports of consumer goods have also fared relatively
better than shipments of capital equipment. This reflects
the maintenance of high incomes in most foreign countries
and the relaxation of import and exchange restrictions
resulting from the improvement in foreign clollar reserves.
Passenger car exports were the largest since the first half of
1951 and shipments of appliances also moved upward.
Among nondurables, exports of medicinals continued the
steady improvement that began after the first quarter of 1953.
Textile exports have remained relatively stable since the middle of 1952, as increased per capita consumption in major
foreign markets has coincided with intensified competition
from other textile exporting countries.
The rise in exports of consumer goods occurred despite
declining sales to Canada, traditionally a leading market.
Canadian purchases of passenger cars, appliances, and radios
September 1954
SURVEY OF CURRENT BUSINESS
and television sets were greatly curtailed during the current
year as inventories grew relative to sales. Although the rate
of spending by Canadian consumers was well maintained,
their outlay on consumer durable goods was reduced while the
amount spent for services and nondurables increased. These
developments generally paralleled a similar movement which
occurred somewhat earlier in the United States, and they
forced cutbacks in Canadian production as well as in imports.
United States exports strongly competitive
The rise in nonagricultural exports during 1954 has demonstrated the strong competitive position of United States products in world markets. The accompanying chart indicates
that United States exporters increased their sales to Latin
America and the outer sterling area in the face of greatly
intensified competition from other major manufacturing nations. Moreover, the United States continued to maintain
its relative share in the Canadian market, although in the
second quarter of 1954 exports to Canada had not yet recovered from the drop which began in mid-1953. In addition
to the reduced exports of capital and consumer goods, lower
shipments of coal and petroleum also contributed to the
decline. The steady growth in the use of indigenous sources
of petroleum and water power have steadily diminished
Canadian requirements for imported fuel. Other exports,
particularly tractors and other farm machinery, were adversely affected by the reduction in Canadian farm income.
Latin America buys more
While a year ago trade with Canada stood in the strongest
position, in the first half of 1954 the Latin American market
^provided the greatest stimulus to United States nonagricultural exports.
Latin American countries taken together increased their
purchases of almost all types of American goods, including
passenger cars, medicinals and other consumer items; capital
goods such as railway equipment, tractors and trucks and
busses; and chemicals and other related items.
The chart indicates that other industrial countries increased their exports to Latin America during 1953. In
1954, however, these gains were somewhat modified as shipments declined from the peak value recorded during the last
months of 1953. Nearly one-half of Latin America's purchases from these countries consisted of machinery and
transport equipment while chemicals, steel and other raw
materials made up an additional one-third of the total.
Latin America's rising imports can be attributed to a
number of factors, chief of which was an ability to maintain
sales to the United States and to increase exports to Europe.
Dollar earnings through sales to the United States were sustained by rising coffee prices and increased petroleum and
iron ore exports which offset the lower shipments of wool,
copper and tin. At the same time, Latin America benefited
iy expanding markets in Western Europe for foodstuffs and
industrial raw materials.
The need to replenish inventories was another factor
behind the recent rise in Latin America's imports. The
chart pictures the curtailment of imports by these countries
in 1952 and early 1953, which was apparently excessive
relative to the basic import requirements of countries such
as Brazil. Brazil alone accounted for about three-fourths
of the decline in United States nonagricultural exports to
Latin America after the middle of 1952 and for at least a
third of the new rise from the first to the second quarters of
1954.
Markets in some Latin American countries—particularly
Cuba, Chile, Argentina, and Peru—have been less favorable
in 1954. In Cuba and Chile, incomes from the production
312570°—54
3
17
of sugar and copper, respectively, had declined. Although
shipments to Mexico remained relatively high through mid1954, having dropped off only slightly in June, the effects
of the devaluation of the peso in April upon sales may be
noticed later.
Sterling area markets improve
The rise in United States nonagricultural exports to the
outer sterling area, particularly Australia and South Africa,
also reflects the easing of import restrictions brought about
by the improvement in sterling area reserves. The chart
shows, however, that these countries had liberalized their
imports from Japan, Germany, and other continental European countries early in 1953. Only in the second quarter
of 1954 did the relaxation of discriminatory trade controls
allow significantly greater imports from the United States,
including those of passenger cars, textiles and industrial
types of goods.
Nonagricultural exports to Western Europe and to other
countries such as Japan and the Philippines showed only
moderate variation from the 1953 pattern. On balance,
exports to Western Europe rose somewhat in the first half
of 1954, reflecting mainly the higher demand for metals,
chemicals and other basic materials. The recent trade
liberalization policies adopted by some European countries
had only a limited effect upon United States sales of consumer goods, such as passenger cars, through the middle
of 1954.
The moderately higher nonagricultural exports to Japan
can also be accounted for by greater shipments of basic
materials, particularly copper scrap and alloys, although
these fell off during the second quarter of 1954. In general,
the outlook for exports to Japan is somewhat uncertain due
to the reduction in dollar receipts from United States military expenditures.
Imports maintained
The movement of United States imports during the year
ended June 1954 indicates that foreign dollar earnings were
not greatly affected by the moderate decline in United States
business activity. The value of general imports during the
first half or 1954 was as high as in the preceding 6 months
but the trend was upwards while it moved down in the
preceding period. Compared with the first half of 1953
imports were only 7 percent lower.
Imports for consumption shown in the chart indicate an
even smaller decline. The reduction in imports relative to
manufacturing production was less in the last year than
that experienced in 1949.
Role of coffee and cocoa prices
The explanation lies partly in the differing behavior of
prices for imported foodstuffs during these two periods of
declining business activity. In the first half of 1954 the
upward surge in import unit values for cocoa and coffee was
instrumental in maintaining the value of total imports.
Coffee imports rose by $150 million as compared with a year
ago although the volume declined slightly. Cocoa imports
were higher by $30 million, despite a large drop in quantity.
In 1949, in contrast, a sharp break in prices offset only
partially by a rise in quantity, caused a significant reduction
in the value of cocoa imports and thus reinforced the decline
in the value of imports of other goods. At the same time,
the rise in coffee imports by nearly $100 million from 1948
to 1949 was due mainly to the greater volume of purchases
rather than to higher prices. Not until 1950 did the imports
reflect the sharp rise in coffee prices which began in the fall
of 1949.
SURVEY OF CURRENT BUSINESS
18
portant in the overall import picture. Petroleum prices
rose considerably after the first half of 1953 while imports
were well maintained. Other commodities with relatively
stable import unit values and a greater weight in total
imports were newsprint, nickel, bauxite, tungsten, cobalt,
and iron ore.
As manufacturing output abroad expanded in 1953 and
1954, foreign demand became relatively more important in
determining the prices of some commodities traded on international markets. The effect upon prices of the reduction in
United States demand was therefore offset, unlike in 1949
when production in Europe and Japan was still impeded by
war-time dislocations.
In the case of wool, however, the high prices induced by
heavy foreign buying were an important factor in reducing
the value of our imports. As foreign prices rose above those
in the United States, wool manufacturers switched to domestic wool and drew down inventories. In the second quarter
of 1954, both imports and consumption recovered somewhat
and stocks of foreign wool increased for the first time since
the second quarter of 1953.
United States Imports for Consumption
and Manufacturing Production
INDEX,
September 1954
1 9 4 8 - 5 3 = 100
160
TOTAL IMPORTS
(CEN. BUR. 5 B.F.C.)
140
VALUE
120
100
80
60
160
IMPORTS OF CRUDE MATERIALS 8
SEMIMANUFACTURES
140
Other stabilizing factors
(CEN. BUR. a B.F.C.)
120
100
80
60
140
MANUFACTURING PRODUCTION
(FED. RES. BD.)
120
100
80
60
1948
I
I
I
\
1949
1950
1951
1952
I
1953
1954
H A L F - Y E A R LY
NOTE. — INDEXES WERE RECOMPUTED WITH 1948-53
OFFICE OF BUSINESS ECONOMICS. U. S. D. C.
Strength in other prices
The greater relative strength in prices of imported crude
materials and semimanufactures, as compared with the 194849 period, also cushioned the decline in the value of imports
after the middle of 1953. As illustrated by the chart, the
relative fall in the value of imports of raw materials in the
year ended June 1954, was only slightly greater than the drop
in the quantity of these imports. Kaw material prices in
the first half of 1954 averaged less than 5 percent below those
prevailing a year ago.
Major adjustments in prices of some leading raw material
imports such as wool, rubber, woodpulp, and lead, had
occurred earlier in 1951 and 1952. Furthermore, commodities with stable or increased prices became more im
The decline in the volume of imports of crude and semimanufactured products was somewhat less relative to the
decline in manufacturing production than in 1948-49. For
several important commodities, like tin and rubber, most of
the decline may be ascribed to changes around the middle of
1953 in Government imports for the strategic stockpile.
During the second quarter of the current year the Government increased stockpile purchases again, particularly of tin
and copper.
The relatively small decline in imports for private account
may in part be attributed to the fact that for many import
commodities, because of the decline in prices, the rise in
inventories prior to the middle of 1953 was relatively small
and that consequently imports did not have to be later
reduced below the current rate of utilization. Lead and
zinc may be the major exceptions.
Another factor stabilizing imports was the improved competitive position of imported materials. The decline in
industrial demand for rubber, for instance, affected mainly
the domestic production of the synthetic product, while the
utilization of natural rubber increased steadily over the last
year. Imports of iron ore from newly developed resources
in Venezuela rose, although total consumption of iron ore
declined.
Imports of several major items, such as petroleum and
paper, for which domestic demand did not change materially
were rather stable. On the other hand, there are still many
raw materials for which imports absorb the major part of the
impact in domestic business fluctuations. Among these are
most nonferrous metals and hides and skins. The improvement in consumption of nonferrous metals during the second
quarter of 1954 caused a new rise in imports, particularly of
copper and lead.
A major element in the import decline since last year was
the 50 percent decline in steel mill products. These commodities were generally not imported before the war, and
postwar imports took place mainly in periods of domestic
supply stringencies such as during and after the steel strike
in 1952. Although steel supplies became more ample
relative to demand in recent months, some foreign steel
appears to have retained a market in this country as imports
have stabilized during the second quarter of this year.
Imports of finished manufactures appear to have been well
maintained. This applies not only to commodities which
were imported before the war, but also to relatively new
SUEVEY OF CUREENT BUSINESS
September 1954
imports which were developed in recent years, such as automobiles, sewing machines, tractors, and electrical and office
machinery.
The still rising trend in imports of these products offset
in part the changes which could otherwise be expected from
the adjustments in domestic business activity.
FOREIGN TRAVEL
As pointed out in the introductory section of this article,
U. S. travelers are providing record dollar earnings to foreign
countries this year. Americans are expected to spend a
billion dollars abroad in 1954, and in addition pay out nearly
$200 million to foreign carriers for fares. This continues a
well-established postwar uptrend which has seen the yearly
number of travelers to overseas destinations rise with the
expansion of facilities for their transportation. Both planes
and ships have increased their capacity to satisfy the urge
of Americans to go abroad. Travel to most of the nearby
areas has also been in record volume. Details are now available through 1953 to appraise these movements.
American residents spent $895 million in foreign countries
during 1953. In addition, about $180 million was spent for
fares on foreign carriers and about $200 million was paid to
United States carriers for international transportation.
During the first half of 1954 the rate of increase in travel
payments to foreign countries over the comparable 1953
period was nearly 5 percent. This gain occurred despite a
leveling off of expenditures in Mexico and Canada during
early 1954, as indicated in table 1. Also, travel payments to
Europe in the first 6 months of 1953 were abnormally high
as a result of an unusually heavy volume of tourist travel
connected with the British coronation.
Table 1.—Estimated Numbers and Expenditures of United States
Residents traveling in Foreign Countries, 1952-53 and First
Half of 1954 '
Number of travelers
(thousands)
1953
1954
1952
All countries
- -
Total oversea areas
Europe and Mediterranean
West Indies and Central America
South America
Other oversea countries
- -
1953
1954
1952
Year
C anada
Mexico
Expenditures
(millions of dollars)
1st
half
1st
half
Year
1st
half
1st
half
(*)
(*)
(*)
(*)
811
895
378
398
(*)
(*)
(*)
(*)
(*)
(*)
&
257
180
282
192
83
101
85
98
772
827
403
434
374
421
194
215
332
382
39
19
376
396
32
22
161
215
17
11
174
231
17
12
256
78
25
15
306
76
20
20
132
42
11
9
145
46
11
13
* Not available.
1. Passenger fares and Government travel are excluded; for detailed definition, see footnote,
table 1, page 11, SURVEY OP CURRENT BUSINESS, June 1953.
Source: U. S. Department of Commerce, Office of Business Economics, values based
on questionnaire returns; numbers based on data of U. S. Department of Justice, Immigration
and Naturalization Service.
Travel expenditures in Canada, which in 1953 had risen
to $282 million after leveling off from the previous high
reached in 1948, showed a slight increase in the first half of
1954. Canada's share of United States travel dollars had
remained about the same for the past 2 years—somewhat
lower than during and immediately after the second world
war, when a curtailment of oversea movements diverted
travel to nearby foreign countries. Over half of American
expenditures for travel in Canada in 1953 were made by
individuals who went there by automobile, and they accounted for nearly 70 percent of total travelers.
Mexico with $192 million received the second largest share
of United States travel dollars in 1953, in spite of a decrease
in the numbers of Americans traveling to the interior of
19
Mexico. This was more than offset by increased border expenditures, reflecting a growth in the number of service personnel in camps situated in the proximity of the border.
During the first half of 1954 travel by United States residents
to the interior of Mexico continued to decline. Devaluation
of the peso in April 1954 did not affect travel payments in
the second quarter. It is possible that the more favorable
exchange rate will stimulate travel to Mexico later in the
year, perhaps resulting in increased payments to Mexico.
The largest rise in absolute terms in United States travel
expenditures in 1953 and the first half of 1954 occurred in
the European and Mediterranean area. This was principally due to an increase in the number of travelers to Europe,
reflecting a continuing growth in transportation facilities.
Travel to Europe by air in 1953 increased by more than a
fifth over 1952, while the numbers of travelers by sea rose
by 7 percent. (See table 2.)
Table 2.—Estimated Expenditures and Numbers of United States
Residents traveling in Europe and the Mediterranean Area,
1952-53*
Total expend,
(millions of
dollars)
United States residents. _
Sea
Air
Native-born residents
Sea
Air
Foreign-born residents
Sea
Air
Number of travelers
(thousands)
Average expend,
(dollars)
1952
1953
1952
1953
1952
256
156
100
306
179
127
332
194
138
376
207
169
767
800
722
812
858
755
177
105
72
217
126
91
188
102
86
222
935
116 1,024
106
831
973
1,075
861
79
51
28
89
53
36
144
92
52
154
91
63
548
553
539
1953
578
580
575
1. Passenger fares and Government travel are excluded; for detailed definition see footnote, table 1, page 11, SURVEY OF CURRENT BUSINESS, June 1953.
Source: U. S. Department of Commerce, Offiee of Business Economics, based on questionnaire returns.
Per capita expenditures of travelers to Europe increased
in the third and fourth quarters of 1953 and the first quarter
of 1954 by about 6 percent over the comparable periods of
the preceding year, after having remained relatively stable
since 1950.
Table 3.—Number and Expenditures of United States Residents
Traveling in Europe and the Mediterranean Area, 1952-53, Total
and Selected Countries 1
Number of
travelers
(thousands)
Total expend,
(millions of
dollars)
Average expenditures per trip
(dollars)
1952
1953
Europe and Mediterranean
332
376 256.0 306.0
767
812
France
United Kingdom
Italy
Switzerland
193
159
145
115
212
192
160
128
60. 0
41.0
50. 5
21.5
68.0
57.0
55.0
24. 0
310
260
344
186
320
296
342
189
Germany
Benelux
Scandinavia
Spain
Eire
101
85
48
(*)
24
120
100
60
43
33
23.5
11. 5
15.0
(*)
4. 5
26.5
14.0
20.5
10.0
6.0
229
135
308
(*)
184
220
139
343
233
183
1952
1953
1952
1953
*Not available.
1. Passenger fares and Government travel are excluded; for detailed definition see footnote,
table 1, page 11, SURVEY OF CURRENT BUSINESS, June 1953.
Source: U. S .Department of Commerce, Office of Business Economics, based on questionnaire returns.
SURVEY OF CURRENT BUSINESS
20
France continued to receive the major portion of American
tourist expenditures in Europe, $68 million in 1953. (See
table 3.) However, this represented a smaller share of the
European total than in other recent years. The United
Kingdom's share of United States travel payments reached
a new high of $57 million in 1953 as a result of visitors drawn
to Great Britain by the Coronation. There was also an
increase of about 10 percent over the preceding year in per
capita expenditures. The influx of tourists to the British
Isles in 1953 also resulted in higher expenditures in Eire.
Travel expenditures in the West Indies and Central
America have leveled off during the last 3 years. A slight
rise in travel volume has been accompanied by a shift in
travel to the nearby British West Indies, where the average
expenditure is somewhat lower than for the area as a whole.
September 1954
Foreign travel to the United States
Expenditures by foreigners traveling in the United States
reached an all-time high of $527 million in 1953. This was
about 3 percent higher than in 1952, compared with an
average annual increase of nearly 10 percent during the
preceding 6 years.
Canadians continued to account for over half of all foreign
travel spending here. Receipts of $307 million in 1953
topped the 1952 figure by $13 million and exceeded American
travel payments to Canada by $25 million. Although the
number of United States residents visiting Canada exceeded
the number of Canadians traveling here, the per capita
expenditure of Canadian travelers is higher.
Receipts from European travelers have stabilized at
around $40 million to $45 million a year for the past 5 years.
Table 4.—Balance of Payments of the United States, by Area
[Millions of dollars]
UP
I*
1953
II
I'
UP
Canada
UP
Ir
5,699
2,172
1,687
1,939
1,322
61
826
784
42
996
940
56
1,127
1,079
48
660
625
35
681
637
44
4,349
3,197
314
145
3,941
2,849
290
107
4,703
3,511
322
148
1,045
745
128
12
1,027
713
122
9
1,258
912
136
14
177
131
10
2
143
106
10
1
197
148
11
3
176
61
185
46
204
42
72
20
78
25
95
17
3
3
4
426
30
417
47
439
37
51
17
44
36
62
22
4,250
Imports of goods and services, total
Merchandise, adjusted (excluding military expenditures) . 2,882
287
Transportation
238
Travel
._.
3,717
2,514
224
149
4,129
2,751
274
249
1,257
588
153
96
1,065
447
105
33
1,294
525
148
105
74
63
600
80
52
592
82
56
608
53
25
278
60
20
324
60
24
359
86
20
83
23
95
14
57
7
64
11
65
8
1,482
1,050
1,570
5
6
7
8
11
12
Other goods and services, total
Merchandise, adjusted _ _
Transportation
Travel
__
Miscellaneous services:
Private
Government
Income on investments:
Private
Government
13
14
15
16
.
__ _ _
_ _
Miscellaneous services:
Private
Government (excluding military expenditures)
Military expenditures
Income on investments:
Private
Government
22
Balance on goods and services
915
622
645
23
24
-988
-56
-955
— 57
25
26
27
-2,063 -1,356 -1,458 -1,540
Unilateral transfers net, [to foreign countries (— )], total
-110
-57
-106
-118
Private remittances
_. _ . _ - - _ - _
Government:
-996 -1,127
-1,383
-826
Military supplies and services 2
-321
-345
-392
-521
Other grants
-11
-31
-32
-41
Pensions and other transfers
-660
-266
-6
-681
-210
-7
28
United States capital net, [outflow of funds (— )], total—
29
30
31
32
Private net, total
Direct investments
Portfolio
Short-term
33
34
35
36
Government, net, total
Long-term capital outflow
Repayments
Short-term (net)
37
39
40
41
42
Foreign capital net, [outflow of funds (— )], total
Long-term investments:
Direct and portfolio (excluding United States Government securities).
Transactions in United States Government securities.
Short-term liabilities to foreign banks and official insts
Other short-term liabilities
Gold sales [purchases ( — )]
43
Foreign capital and gold, total
44
Transfer of funds between foreign areas [receipts by foreign
areas (— )] and errors and omissions.
p. Preliminary.
___
__
00
(•)
30
1
23
00
31
(«)
297
240
6
15
287
240
5
17
288
239
5
16
w
(•)
(•) 2
i
33
1
1
-120
2
22
-6
00
1,038
824
24
82
1
22
7
22
4
22
4
87
92
(•)
82
<*)
791
631
23
58
641
527
20
25
750
590
22
60
6
1
42
7
1
41
6
1
42
25
5
16
4
27
1
(•)
1
11
11
(*)
888
693
21
56
«
(«)
1
1,149
926
23
84
9
8
00
11
10
(*)
(*)
1
00
(•)
i
-9
-2
-8
358
247
288
-4
-4
-7
-4
-6
-4
-2
-1
1
-1
1
00
(*)
-328
-130
-239
41
-316
-227
15
-104
93
4
72
17
14
-16
31
24
-4
45
-17
-15
-14
1
-2
18
13
1
4
-35
-196
139
22
122
-54
151
25
-29
-62
110
-77
53
-22
70
5
128
-18
121
25
3
-18
65
-44
3
-1
4
3
-1
4
(*)
8
298
443
252
466
325
387
-5
-10
-13
10
10
58
24
58
1
1
1
18
333
-63
128
16
364
53
56
56
151
-13
8
9
440
17
103
13
292
-4
63
24
305
426
499
260
569
388
459
120
13
-27
-90
-2
-9
-2
00
1
-3
•»
3
00
1
-2
1
1
1
1
1
(*)
-7
-114
109
-2
-257
-97
155
—5
-128
-132
11
-7
1
1
1
1
9
-1
10
(•)
—4
00
1
2
-6
-11
-3
2
(•)
-4
(')
29
-69
3
-14
-19
5
3
20
20
-1
-27
-5
-18
-3
-234
00
i
-2
-132
()
(*)
-2
-248
x
-1
<•)
i
0
00
70
-216
196
90
r. Revised.
1,038
-6
-6
21
x. Less than $500,000.
888
UP
-91
-12
-176
1,149
I'
3
2
1
27
-2
-4
1
7
5
(«>
-144
-5
-5
00
25
1
00
2
1
(•)
142
-164
3
7
1954
(*)
146
72
2
197
-345
1. Exports of goods and services to the sterling area have been adjusted to exclude exports
of military end-use items and services financed under military aid programs, and to include
143
-206
35
__
nss. Not shown separately.
177
1953
II
UP
I'
4,767
Military transfers under aid programs, net, total 2
Supplies
Services, including freight
1954
1953
II
1,383
2
3
4
38
1954
1953
II
5,732
1 Exports of goods and services, to tal
20
21
1954
1954
1953
II
17
18
19
Eastern Europe
Item
Line
9
10
Western European
dependencies
Western Europe
All areas
1
-180
-52
-4
-10
-13
-1
2
1
-234
28
-72
141
139
113
13
6
12
-114
-26
-83
in merchandise for the total sterling area, but not for the United Kingdom and the other
component areas "special category" exports sold, or transferred under other aid programs.
(For "special category" goods, see Foreign Trade Statistics Notes for February 1953 published
by the Bureau of the Census.)
SUEVEY OF CURRENT BUSINESS
September 1954
21
the dollar reserve position of foreign countries was highlighted in the introductory part of this article.
There remains to be reviewed capital movements and
Government aid, and a word to be said with regard to
military expenditures which, as pointed out in last month's
issue of the SURVEY, added $2% billion to foreign countries'
dollar receipts in 1953. These expenditures by United
States forces have continued to rise in Europe, but have
contracted in the Far East. The rise this year in Europe
was due mainly to increased payments on "offshore" procurement contracts, which reached $150 million in the
second quarter of 1954.
Most of these expenditures were made by business travelers.
The easing of exchange restrictions by some European
countries during the latter part of the period have not yet
been reflected in a rise in travel to the United States by their
residents.
Travel expenditures in the United States by Latin American residents continue to increase slowly as incomes in these
countries rise and transportation facilities at lower rates
become available.
BALANCE OF PAYMENTS
The table of the balance of payments of the United States
brings together all of the transactions, and breaks them down
into the major areas and types. The merchandise and
travel accounts have been extensively reviewed in the
preceding sections, and the very substantial improvement in
Capital movements
Within private capital movements, direct investments
remained about as high in the second quarter of 1954 as last
Second Quarter 1953 and First and Second Quarters, 1954
[Millions of dollars]
Sterling area l
Latin American
republics
All other countries
International
institutions
Total
United Kingdom
Other countries
Dependencies
Other Europe
Lino
1954
1954
1953
II
1953
II
1954
UP
1953
II
I'
II 9
1,097
1,038
1,238
1,120
983
1,264
8
8
11
10
1
13
12
1
248
235
13
155
149
6
302
291
11
1,089
768
81
37
1,027
711
74
33
1,225
892
82
39
872
625
72
10
828
616
63
8
962
726
69
10
15
1
42
7
42
6
43
7
24
27
28
11
28
14
12
147
7
155
6
152
10
109
5
98
4
110
5
2
1,085
922
64
62
1,099
935
57
67
1, 095
938
59
59
804
490
41
7
611
357
36
7
689
449
40
9
5
11
18
4
11
16
9
14
17
5
4
17
243
2
11
196
2
11
177
3
1
2
2
2
1
2
lr
0)
2
00
1953
II
II P
I'
15
1
4
21
21
5
11
1
316
372
575
10
16
-445
-37
-309
-30
-443
-29
-24
-10
-8
-9
-1
-11
-10
-2
-13
-10
-3
-248
-143
-27
-155
-103
-21
-302
-93
-19
-24
-104
5
-68
-136
-64
-4
-68
-29
-26
-9
6
-62
-36
-31
5
-74
-30
-36
-8
-127
-147
20
-13
-21
9
-1
3
-20
22
1
34
-26
43
17
-6
-13
6
1
-30
-18
22
-34
104
114
127
-56
-72
4
-3
12
i
-1
108
-7
23
2
79
36
-10
40
59
16
-54
-49
-6
2
127
104
73
-4
-44
-43
2
(•)
18
7
143
-40
-14
-133
2
2
-35
-12
49
6
5
38
11
4
-61
36
20
7
5
12
23
-66
18
71
20
5
-31
-13
-104
1954
-10
-7
I'
UP
1953
II
UP
lr
1954
1954
1954
1953
II
1953
II
UP
I"
1954
1953
II
UP
I'
UP
I'
578
545
681
253
244
284
12
9
10
91
72
94
193
192
258
1
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
2
3
4
578
365
57
10
545
355
51
8
681
438
56
11
253
138
33
4
244
136
31
3
284
140
35
5
12
10
9
9
10
91
54
5
2
72
42
5
1
94
56
5
2
193
134
19
4
192
140
15
4
258
199
16
4
5
6
7
8
56
5
57
8
74
6
44
2
44
3
60
3
3
9
3
11
5
11
3
9
10
76
9
65
1
87
9
28
4
27
37
4
2
731
461
65
37
602
358
39
25
717
427
62
36
350
137
55
19
305
112
32
6
371
134
53
17
10
3
1
2
46
9
77
47
6
87
47
6
97
45
3
56
47
2
67
47
2
77
4
34
2
37
3
40
2
33
2
36
3
39
2
-153
-57
-36
-97
-61
-87
2
-2
-110
23
-73
19
-59
-73
-53
-35
-9
-3
nss
-84
-3
nss
-52
—2
nss
-34
—2
nss
-63
—1
nss
-44
—1
nss
-23
—1
nss
-5
00
5
-90
-1
23
32
-27
44
44
-18
5
-90
-1
5
-90
-1
(")
31
-5
22
14
34
-6
21
19
-25
-1
-3
-21
44
10
20
14
38
7
13
18
-23
5
-9
-19
—8
-13
4
1
—2
-10
2
6
—2
-16
1
13
6
1
-1
5
-7
8
00
0)
00
0)
00
8
0)
3
3
1
1
0)
6
12
3
1
2
w
.
2
0)
27
22
00
0)
28
21
3
16
1
22
3
11
12
180
150
4
13
143
113
3
15
167
138
3
14
191
171
5
3
143
130
3
3
167
152
5
3
13
14
15
16
0)
0)
17
18
19
2
11
0)
1
11
0)
1
10
00
1
10
1
5
6
3
4
3
4
1
1
1
-2
-89
-71
-73
2
49
91
22
-4
-4
-5
-5
-24
-12
-15
23
24
nss
0)
nss
0)
nss
nss
00
nss
0)
0)
nss
-16
o
nss
-8
0)
nss
-11
00
25
26
27
0)
0)
0)
0)
Q
2
1
-12
-14
-10
28
-10
2
3
4
-4
1
-6
-13
7
-5
-10
6
-1
29
30
31
32
-8
-9
33
34
35
36
(z)
-11
1
(•)
1
1
-1
0)
0)
0)
0)
0)
2
0)
8
20
21
0)
-2
-2
-9
-12
1
2
o)
-5
-7
1
1
-2
8
23
-17
-2
37
1
1
1
38
-3
9
-2
28
-5
-20
3
«3
39
40
41
42
0
0)
i
i
0)
0)
1
6
12
24
55
-43
189
107
218
169
126
212
3
3
2
3
-5
22
37
-5
21
35
0)
-72
0
9
-1
-132
-8
5
17
-1
-1
0)
52
1
-5
20
-66
18
55
12
0)
-11
204
-12
50
9
155
10
40
18
78
9
-11
195
-7
50
2
-7
9
181
4
41
-4
-1
1
-54
-63
-138
23
50
-50
230
107
268
209
126
262
2
-4
0)
-2
8
23
-17
-2
43
188
68
-14
34
40
10
-9
-146
-83
-56
106
76
69
11
-6
-64
44
-138
110
2. Includes loans and returns of military equipment.
NOTE.—Net foreign investment equals balance on goods, services, and unilateral transfers
-122
2
5
-5
5
6
0)
0)
0)
for "all areas": 1953 11-581; 19541-306; 1954 II112.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
22
year, but the estimates for direct investments in Canada
during the second quarter include about $30 million for
investment trusts organized in that country by American
interests as a means of acquiring Canadian securities for
long-term investment.
There was a considerable rise in international purchases
and sales of corporate stocks, with Americans buying foreign
stocks, particularly in Canada and the Netherlands, while
investors in some European countries invested substantial
amounts in United States stocks.
The improved supply of capital in both Canada and Europe
reduced the difference between United States and foreign interest rates, and thus practically eliminated new issues of
foreign securities here. During the six months ending in
March these flotations had resulted in a capital outflow of
$376 million. In fact, European countries found it advantageous to reduce their long-term debts to private United
States banks during the second quarter. Furthermore, since
June, the Netherlands has made substantial repayments
before maturity on a reconstruction loan by the International
Bank, and the United Kingdom returned to the International
Monetary Fund $112 million obtained in 1947 and 1948.
The International Bank found it possible to obtain an increasing proportion of its capital requirements in Europe and
Canada, and in July a private American corporation floated
a loan in Europe.
Short-term United States capital reversed its movements
from a net return flow which had lasted all through 1953
and the first quarter of 1954 to a net outflow of over $100
million. Most of this outflow consisted of commercial
credits on exports, particuarly to Brazil and Colombia.
There was also an outflow of short-term funds to the United
Kingdom, possibly in connection with the opening of the
gold market and various commodity exchanges in that
country.
Government aid
The rise in military aid during the second quarter was due
mainly to increased shipments of military equipment to
Growth Characteristics of the Economy
Illustrated by the Chemical Industry
(Continued from p. 14)
Overall, it is estimated that the chemical industry has invested over $1 billion for facilities to produce all types of
synthetic fibers since the end of the war. By the end of
1955, additional substantial expenditures will be necessary
to complete the present facilities expansion program.
The rapid large-scale development of the synthetic rubber
industry provides a further illustration of the huge investment required in the development of a new product. Prior
to the last war the only commercial synthetic rubber of consequence produced in this country was neoprene. This was
first introduced in 1934 with production reaching only 2,000
tons by 1939. Within the space of a little over three years
approximately $700 million was invested in Governmentowned synthetic rubber producing facilities having a capacity
of 1,000,000 tons.
Equally impressive has been the expansion in plastics manufacture. The expansion goal calls for capacity to produce
4.6 billion pounds of plastic materials by January 1, 1955,
involving a total investment of $450 million. The goal represents an increase of 2.5 billion pounds over actual production of 2.1 billion pounds produced in 1951. This program
includes all the resins which are utilized to produce civilian,
defense-supporting, and certain military end items.
September 1954
Indochina prior to the conclusion of the armistice. The
smaller amount of other grants included about $65 million as
budget aid to France to meet the costs of the war in Indochina
and $15 million in British currency obtained through the sale
of surplus agricultural goods, which was returned as grants
to the United Kingdom to further the general aims of the
mutual security program.
Repayments on long-term Government credits exceeded
new loans by about $50 million, and the short-term Government capital outflow reflects largely a net increase in holdings
of foreign currency or claims arising from the sale of surplus
agricultural materials. Thus, Government assistance to
foreign countries to overcome basic deficiencies in their
economies has declined more than the figures for Government
grants and capital movements indicate.
Second quarter summary
Omitting exports of military-end items supplied under
military aid programs, and reducing net exports by about
$100 million to allow for the effects of the interruption of
shipping during March, the balance of goods and services in
favor of the United States during the second quarter amounted to approximately $470 million. This amount was about
$120 million larger than the aggregate funds available to
foreign countries from private remittances, Government
transfer payments and long-term private investments. In
part, therefore, United States exports during the second
quarter were financed by special means such as short-term
private credits or Government grants and acceptance of
foreign currencies in payment for surplus agricultural
products.
Except for the last quarter of 1953, which was affected by
seasonally large incomes from foreign investments, this was
the first time since the second quarter of 1952 that the
balance due the United States on goods and services had not
remained within the limit within which it could be financed
without resort to such special means. On the whole ,however,
the position of foreign countries mirrors further economic
improvement.
Government Expenditures and Income
(Continued from p. 9)
by a deficit. The differences in both cases, however, have
been quite small relative to total revenues.
A major portion of the State and local new construction
put in place during the past year was financed out of borrowed funds. From July 1953 through June 1954, these
governments raised new capital amounting to $6.6 billion,
half again as much as in the previous year. The rate of borrowing has been unusually high since last January with the
trend toward self-liquidating projects a contributing factor.
The outlook for State and local purchases is for another
year of increase close to the $2 billion postwar average annual
rate. The heavy borrowings of recent months foreshadow
a resumption of the long-term rising trend of new construction outlays; Federal-aid highway grants have been doubled
for fiscal years 1955 and 1956, and school enrollments are up
sharply again this fall, creating additional demands for
teachers and school facilities. While the over-all increase in
debt during the past year has been large, liquid assets held
by State and local governments—mostly in sinking funds—
are still rising almost as fast as the debt. The course of
revenues during this same period is dependent in part upon
the trend of general economic conditions, but the tax structures of these governments tend to make receipts relatively
insensitive to small changes in the national product and
income.
SURVEY OF CURRENT BUSINESS
September 1954
flewoi-Kevited
23
STATISTICAL SERIES
Bank Debits: Revised Series for Page S-15 l
[Millions of dollars]
1943
Month
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
Total (345 centers)
January
February
March
April
May
June
-
_
-
July
August
September
October
N ovember
"December
--
-
Monthly average
- -
57, 295
51, 245
63, 260
70, 352
61, 785
63, 136
69, 175
67, 476
72, 576
62, 377
63, 343
8C, 360
79,078
66, 762
78, 573
69, 424
76, 284
94,031
85, 942
72, 426
85, 438
84, 204
81, 894
83, 502
91, 528
80,224
92, 216
85, 770
86,493
92, 381
102,929
88, 786
106, 229
100, 207
96, 184
106, 341
103, 165
88, 534
107, 808
97, 288
97, 588
106, 178
105, 067
94, 377
113, 300
100, 325
110, 342
117, 445
136,271
112, 797
141, 422
125, 537
127, 867
131, 522
135, 801
125, 159
136, 275
134, 110
133,000
139, 740
145,919
129,163
153,356
145, 567
141,981
153, 846
62, 469
57, 428
72, 927
63, 907
61, 345
72, 207
70, 393
64, 489
67, 624
69, 423
73, 465
87,860
74, 852
68, 714
68, 781
77, 061
76, 657
94, 247
88, 000
81, 113
80, 785
88, 368
84, 868
100, 544
91, 656
83, 607
90,873
103, 347
91, 486
114, 139
101, 091
96, 634
102, 983
105, 064
101, 540
119, 488
96,049
97, 631
99, 412
99, 682
97, 707
115, 251
108, 706
127, U23
121, 469
123, 974
121, 368
136, 716
121, 196
122, 421
117, 940
135, 644
128. 972
140, 965
137, 313
122, 175
136, 048
150, 470
127, 647
165, 115
147, 957
134, 386
147, 699
149, 606
140, 992
168, 596
63, 113
70, 713
77,039
84, 757
91, 977
102, 290
100, 524
115,009
128, 546
136, 904
146, 589
New York City
January
February
March
April
May
June
--
July
August
September
October
November
D ecember
- -
Monthly average
21, 228
18, 960
22, 861
27. 574
24, 671
23, 965
26, 280
26, 308
28, 035
23, 175
22, 886
31,911
33, 598
27, 543
31, 354
27,454
30, 876
40, 270
37, 182
29, 896
35, 537
36,079
33, 275
34, 525
33, 602
29, 177
33, 445
31,001
30, 597
35, 527
36, 534
31, 495
39, 198
37, 461
35,2(0
40, 220
38, 154
31, 736
39, 206
35, 586
36,560
41, 984
38, 921
35, 213
42, 270
36, 811
41, 119
43, 582
47, 980
38, 838
52, 708
44, 962
44, 726
48, 151
47,650
44, 418
49, 213
49, 745
48, 830
53, 385
52, 048
45, 749
53, 8S8
52,038
50, 255
56, 623
23, 232
20, 056
26, 682
23, 338
21, 935
26, 578
27, 932
23, 864
25, 953
26, 706
28, 095
36, 345
31, 877
27, 384
28, 186
32, 605
31, 294
40, 319
36, 300
29, 964
30, 569
32, 695
30, 736
40,032
33, 936
28, 185
31, 715
36, 957
30, 953
43, 369
35, 515
32, 818
37, 223
37, 702
34, 574
45, 276
35, 773
35, 802
36, 789
35, 383
34, 781
44, 470
38, 632
49, 841
44,690
43, 673
42,997
51, 591
42, 563
40, 719
40, 174
47, 097
44, 100
52, 349
50,472
42, 778
49, 131
54, 893
44, 209
63,091
51, 799
45, 516
54, 888
54, 152
50,470
65, 367
23, 423
27, 291
31,897
33, 899
33, 205
36, 935
37, 185
42, 445
45, 364
49, 818
52, 733
6 other centers
Januarv
February
March
April
May
June
- ---
July
August
September
October
November
December
__
-
_
--
Monthly average
-
- ___-
2
12, 870
11, 830
15, 221
16, 240
13, 558
14, 459
15,817
15, 387
17, 421
14, 277
14, 695
18, 215
16, 797
14, 489
18, 191
15, 568
16, 757
20,344
17, 875
15, 421
18,980
17, 851
17,808
17, 842
20, 115
17, 875
21, 376
18, 788
19, 376
20, 670
23,042
20, 226
23, 885
21, 891
21,071
22,790
22, 347
19, 357
24, 538
21, 422
21, 203
22, 351
22,606
20, 507
25, 420
22, 057
23, 930
25, 913
30, 183
24, 963
31, 227
27, 787
28, 538
28, 428
28, 937
26, 713
30, 007
28, 761
27, 974
29, 305
31,660
28, 126
35, 339
32, 742
32, 283
33, 807
14, 381
13, 794
17, 401
14, 538
14, 432
16, 775
16, 020
14, 977
15, 071
16, 040
17, 142
19, 689
15, 666
14, 699
14, 648
16, 319
16, 250
20, 474
18, 453
17, 821
17, 438
19, 165
18, 474
21, 349
20, 317
19, 025
20,280
23, 251
20,911
24, 755
22, 469
21, 983
22, 300
23, 088
22, 342
25, 825
20, 646
20, 898
20, 969
21, 751
21,147
24, 268
23, 320
26, 236
25, 997
26, 846
26, 312
29, 420
26, 548
27, 108
25, 939
29,057
27, 700
29,407
29, 483
25, 550
28,611
32, 322
27,064
35, 179
32, 683
29,958
31, 422
31, 778
30, 477
35, 557
14, 625
16, 229
16, 684
18, 206
20, 562
22, 576
21, 741
24, 880
28, 074
29, 159
32, 153
i Compiled by the Board of Governors of the Federal Reserve System. (The major revision was to eliminate debits to U. S. Government accounts and to time deposit accounts, and to increase the number of centers covered from 141 to 345.)
The revised series includes debits or charges to demand deposit accounts of individuals, partnerships, and corporations, and of State and local governments, and payments from trust
funds on deposit in the banking department. The revised series excludes debits to U. S. Government deposit accounts, debits to time deposit accounts, and (like the former series) payments
of certified and officers' checks, payments in settlement
of clearing-house balances, charges to expense and miscellaneous accounts, corrections and similar charges, and debits to the accounts
2
of other banks (i. e., to interbank accounts).
Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
Turnover of Demand Deposits, Except Interbank and U. S. Government, Annual Rate: Revised Series for Page S—18 1
[Ratio of debits to deposits]
1943
Month
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
N ew York Ci ty
January
February
March
April
Mav
June
___
- --
July
August
September
October
November . ._.
December
___
-
- -
Monthly average
1
_.
- -
-
22.0
23.4
22.9
19 9
17.9
25.5
26.7
24.1
22.7
20 9
21.5
29.1
27.9
25 3
26.9
27 0
24.3
25.8
23.5
23 7
24.1
22 0
21.6
25.9
24.8
24 7
26.7
26 8
26.3
29.0
28.6
26 4
28.2
26 5
28.0
30.9
29.0
29 0
30.1
28 4
30.0
31.6
30 1
35.1
32 5
31 0
33.7
31.2
32 3
33 6
34 o
32 8
37.4
34 3
35 1
37 1
35 4
35 6
38 9
19.1
15.8
23 1
20.8
20.2
21.8
24.5
18.9
21 6
20.6
22.2
28.5
25. 1
19.6
22 4
22.3
23.5
30. 1
25 9
20.8
24 0
22.5
23.3
28.8
23 5
19.7
23 3
25.0
24.3
29.5
25 9
24.0
28 3
27.4
26.9
32.4
27 6
25.7
28 6
26.2
27.3
31 7
29 0
34.5
32 8
30 6
32.3
36 1
31 1
27.6
30 6
31 2
32.1
35 9
34 4
29 6
35 4
36 4
34.1
41 8
36
32
40
35
38
43
20.4
22.3
24.1
25.1
23.8
26.9
27.9
31.1
31 9
34 4
36 7
Compiled by the Board of Governors ojthe Federal Reserve System. Data reflect change in number of reporting banks and centers.
oo K
20.2
18.9
18.2
23.2
22.8
20.5
0
2
2
8
4
1
SURVEY OF CURRENT BUSINESS
24
September 1954
New Construction: Revised Data for Page S-6!
[Millions of dollars]
Private
Total
new
construction
Year and month
January
February
March
April
May
June
1950
July
August
September
October
November
December
__ __
Monthly average
January
February
March
April
May
June
1951
- - -
July
August
September
October
November
December
._
__
Monthly average
January
February
March
April
May
June
1952
July
August
September
October
November
December
__ _ ___
__ _
Monthly average
January
February
March
April
May
June
1953
July
August.September
October
November
December
-
__
_ __ __ _ _
Monthly average
Residential (nonfarm)
Total 2
Total 3
New
dwelling
units
Public
Nonresidential building,
except farm and public
utility
Additions and
altera- Total 2
tions
Industrial
Commercial
Farm
construction
Public
utility
Total
Residential
Nonresi- Milidential
tary
build- facilities
ing
Highway
Conservation
and development
1,755
1,658
1,813
2,044
2,323
2,612
1,333
1,299
1,372
1,533
1,752
1,956
744
714
753
881
,036
,178
682
652
687
799
941
1,072
51
51
55
70
82
92
257
252
249
249
274
305
69
70
69
70
73
78
79
77
77
77
92
110
100
104
114
128
149
163
223
220
247
264
280
297
422
359
441
511
571
656
35
28
29
28
27
28
156
153
169
182
200
198
10
8
8
9
8
9
97
60
106
149
178
253
55
48
60
71
81
87
69
62
69
72
77
81
2,760
2,871
2,901
2,818
2,613
2,286
2,084
2, 157
2,160
2,083
1,952
1,773
,269
,322
,322
,247
1,131
1,003
1,161
1,212
1,211
1,145
1,040
923
93
93
94
84
73
62
324
333
354
382
403
395
84
91
101
112
120
125
116
114
121
136
149
140
174
178
165
138
118
104
306
313
312
309
293
266
676
714
741
735
661
513
24
27
28
30
31
30
200
210
227
244
227
218
10
16
21
28
26
24
273
286
292
260
218
100
86
86
84
83
75
65
83
89
89
90
84
76
2,371
1,788
1,050
960
75
315
89
107
136
278
583
29
199
15
189
73
78
2, 157
2.037
2, 261
2,457
2,660
2, 832
1,632
1, 565
1,658
1,742
1,840
1,941
902
827
862
895
918
957
830
750
785
807
821
853
55
60
61
72
81
88
378
384
399
410
440
465
129
135
143
152
164
180
122
121
127
126
131
131
105
111
123
141
166
185
242
238
269
291
312
329
525
472
603
715
820
891
29
30
36
42
45
47
229
220
259
287
300
311
30
34
52
66
68
74
92
63
110
159
234
276
63
49
61
70
76
81
82
76
85
91
97
102
2,911
2,976
2, 953
2,892
2,654
2,392
1,979
1,986
1,972
1,925
1, 834
1,690
965
956
958
963
930
840
857
847
849
858
832
760
91
92
93
91
84
66
471
465
460
440
425
415
195
204
210
205
200
200
121
108
101
95
96
92
199
205
192
161
137
121
339
354
356
355
336
308
932
990
981
967
820
702
47
56
63
66
68
66
319
329
325
319
304
295
83
93
96
103
100
88
302
336
325
311
196
114
80
78
77
78
73
67
101
98
95
90
79
72
2,599
1,814
914
821
78
429
176
114
154
311
785
50
291
74
210
71
89
2,196
2,118
2,362
2,566
2,784
2,971
1,535
1,484
1, 638
1,716
1,844
1,957
719
676
799
849
927
993
650
600
710
750
815
875
56
63
77
87
99
103
423
413
402
390
395
405
209
209
202
195
188
183
91
82
80
77
86
93
122
126
138
154
177
192
265
264
294
317
338
359
661
634
724
850
940
1,014
63
59
55
55
56
53
287
276
301
325
340
358
89
84
101
114
119
125
85
90
123
203
262
308
62
56
65
68
71
76
75
69
79
85
92
94
3,070
3,148
3,190
3,126
2,894
2,583
2,023
2,060
2,055
2,029
1,953
1,813
1,028
1,047
1,045
1,051
1,024
942
910
930
930
935
915
850
101
99
97
98
91
74
414
421
434
441
443
433
181
183
190
193
194
193
99
98
101
105
113
112
202
205
188
155
131
115
370
379
381
375
347
314
1,047
1,088
1,135
1,097
941
770
54
56
54
51
49
49
371
391
392
383
366
346
128
134
134
128
121
111
321
334
376
359
244
115
77
76
81
81
74
67
96
97
98
95
87
82
2,751
1,842
925
823
87
418
193
95
159
334
908
55
345
116
235
71
87
2,394
2,324
2, 563
2, 787
2,960
3,224
1,647
1,595
1,750
1,896
2,013
2,187
816
758
863
964
1,012
1,123
735
675
770
850
885
990
63
64
74
94
105
110
432
433
430
427
451
479
201
204
198
192
191
185
109
111
114
114
129
152
114
117
127
140
161
174
111
279
322
356
377
398
747
729
813
891
947
1,037
47
48
47
49
50
51
334
325
367
372
371
377
107
108
111
111
113
122
117
117
139
195
243
310
61
55
66
74
75
78
81
76
83
90
95
99
3,325
3,345
3,362
3,236
3,024
2,712
2,218
2,223
2,200
2,154
2,077
1,917
1,126
1,114
1,093
1, 076
1,034
951
990
980
965
950
915
850
112
110
103
101
94
78
489
493
505
511
523
507
176
174
177
177
177
177
165
169
175
179
192
182
182
185
170
140
118
103
408
420
422
417
393
347
1,107
1,122
1,162
1,082
947
795
46
44
46
46
43
39
373
376
380
374
353
350
122
120
118
101
96
78
382
395
428
379
286
174
74
73
70
66
61
107
113
117
112
103
93
2,938
1,990
994
880
92
473
186
149
144
368
948
46
363
109
264
69
97
1 Estimates compiled jointly by the U. S. Department of Commerce and the U. S. Department of Labor. Revisions reflect minor changes in the basic source data.
2 Includesamounts not shown separately.
Includes data for nonhousekeeping units.
3
Other
types
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 : 1954
BUSINESS STATISTICS
Ti
. HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index
numbers and dollar values refer to adjustment of monthly figures for seasonal variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
provided through the courtesy of the compilers, and are subject to their copyrights,
Data from private sources are
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July
August
September
October |
No v e m
b er -
December
January
February
March
April
May
July
June
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:i
National income, total
bil. of dol.
Compensation of employees, total
do
Wages and salaries, total
do
Private
do
Military,
_ __ do
Government civilian,. __ _.
__do
Supplements to wages and salaries
do
Proprietors' and rental income, totalcf
do
Business and professional d*
do
Farm
_
_
do __
Rental income of persons
__do. __
Corporate profits and inventory valuation adjustment, total.. . _. . . _ _ _ -bil. ofdol
Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment.. _ do
Net interest
_._
do
306.2
211 4
200 3
166.7
10 2
23 4
11 1
47 8
26.1
11 1
10 6
299 9
208.8
197 6
164.1
9 9
23.5
11 2
49.1
25.9
12.3
10.8
298.9
206 4
194 6
161 2
9 7
23 7
11.8
49.4
25 6
13.0
10 8
38.3
40.9
21.9
19.0
33.1
32.5
17.4
15.1
.4
9.1
206. 6
194.9
161. 5
9.5
23.8
11.7
49.0
25.9
12.2
10.9
8.6
8.9
34 1
34.5
17.0
17 5
— 4
9 0
Gross national product, total
do
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods do
Services
_
do
Gross private domestic investment, total
bil. of dol
New construction
_
do
Producers' durable equipment
do
Change in business inventories
do
Net foreign investment
_do
Government purchases of goods and services,
total
bil. of doL.
Federal (less Government sales)
do
National sccurity9
do
State and local
do
367. 2
231.2
30.3
118.6
82.3
360 5
229.7
28.0
118.7
83 0
355. 8
230 5
28.0
118 8
83.6
356.0
233. 1
28 8
120.0
84 3
52.4
25.6
24.8
2.0
-1.8
45 5
25.7
24 0
— 4.2
6
44 5
26 0
22 7
—4 2
11
45.6
27 0
22.4
—3 8
10
85.4
60.3
52.3
25.1
86.0
59 8
50 6
26.2
81.9
55 0
46 9
26 9
78 3
51 3
44. 7
27 o
Personal income, total
do
Less: Personal tax and nontax payments,-. do
Equals: Disposable personal income . do
Personal saving§
do
287 5
36.3
251.2
20.0
287 3
36.1
251 2
21 5
285.1
32 8
252.3
21 8
285 7
32 9
252 9
19.7
.6
— 2.6
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:f
Total personal income
_ foil, of dol
Wage and salary disbursements, total
do
Commodity-producing industries
do
D istributi ve industries
do
Service industries.
do
Government
do
Other labor income. ._ ... _.
do
Proprietors' and rental income
do
Personal interest income and dividends, .do
Transfer payments
do
Less personal contributions for social insurance
bil. of dol..
Total nonagricultural income
do
288.2
286. 4
287.7
287.8
287.2
287.0
284.9
285. 0
285.0
284.4
201.4
89.8
52.7
25.3
33.6
6.4
47.9
23.0
13.6
200.6
89.2
52.4
25.2
33.8
6.5
46.6
23.2
13.6
199.2
88.0
52.5
24.9
33.8
6.5
48.9
23.4
13.7
199.1
87.9
52.5
25.0
33.7
6.6
48.0
23.5
14.6
197.9
87.0
52.4
25.0
33.5
6.6
49.1
23.7
13.9
196. 0
85.5
52.1
25.0
33.4
6.7
50. 2
23.8
14.4
194.7
84.5
51.9
24.8
33.5
6.6
49.6
23.9
14.8
194.7
84.6
51.8
24.9
33.4
6.6
49.6
23.9
15.0
194.5
84.2
52.0
25.0
33.3
6.6
48.9
23.9
15.8
194.3
83.7
52.0
25.2
33.4
6.6
48.2
24.0
15. 9
286.2
r
286. 5
286.5
195.0
84.2
52.3
25.2
33.3
6.6
49.4
24.0
15.8
r
195. 5
r
84.0
r
52. 5
195. 7
83.8
52.8
25. 5
33. 6
6. 6
48.8
24.1
15.8
4.1
4.1
4.0
4.0
4.0
4.1
4.7
4.8
4.7
4.6
4.6
273.0
272.6
271. 9
272.7
271.3
269. 6
267.9
268.2
268. 8
269.1
269.7
r or
c
r
33. 5
6.6
M9.2
24.1
15.8
r
4.7
4.5
270. 3
270.5
NEW PLANT AND EQUIPMENT
EXPENDITURES
All industries, quarterly total}:
mil. of dol_.
Manufacturing
_ „ _ do
Mining
„
__do
Railroads
__
_ ..
do
Transportation, other than rail
do
Public utilities
__
do
Commercial and other
do
7,098
2,945
265
300
386
1,219
1,984
1
7, 666
6,240
' 6, 918
3,392
2.641
r 2,r 932
288
223
266
341
248
••245
376
360
r
1
1,246
910
1, 108
r
2,023
1, 859
2, 014
r 1 lov is (1
' Estimates for the 3d and 4th quarters of 1954, based on anticipated capital expenditures of business, appear on p. 4 of this issue of the SURVEY
T . 9I - .
cf Includes inventory valuation adjustment.
9Government sales are not deducted.
§Personal saving is excess of disposable income over personal consumption expenditures shown
as a component of gross national product above.
t Revised series. Quarterly estimates of national income and product have been revised back to 1939 (annual data, to 1929); quarterly and monthly estimates of personal in.come, back to
1929
929 (monthly revisions prior to May 1953 will appear in the forthcoming National Income Supplement). For quarterly data prior to 2d quarter 1953, see pp. 8 and 9 of the July 1954 SURVEY.
t Revisions for 1952 appear on p. 10 of the March 1954 SURVEY.
312570—54
4
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless* otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1954
1953
July
August
S0
ber m "
1954
October
November
December
January
February
March
April
I
1
1
May
June
i
)
I
July
GENERAL BUSINESS INDICATORS—Continued
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments, total
mil. of dol_.
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products total
do _ _
Dairy products
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39=100.Crops
-do
Livestock and products
do_ _ .
Indexes of volume of farm marketings, unadjusted:
\llcommodities
1935-39=100-Crops
do. ..
Livestock and products
do
2,404
2,390
996
1,394
386
682
302
2,461
2, 453
1,060
1,393
364
695
320
3.169
3,164
1,718
1 446
334
768
330
3,700
3,693
2,169
1 524
336
812
355
3,443
3 439
1,865
1 574
334
858
366
2,986
2 974
1,550
1 424
336
739
331
2,629
2 611
1, 195
1 416
329
790
273
1,960
1 946
643
1 303
313
703
267
2,014
1 990
538
1 452
342
813
273
1,914
1 881
494
1,387
345
758
258
2, 062
2 033
589
1 444
389
757
258
2,176
2 137
793
1 344
380
684
241
361
352
367
370
375
367
477
607
381
557
767
401
519
659
414
449
548
375
394
422
373
294
227
343
300
190
382
284
175
365
307
208
380
322
2SO
354
153
148
157
156
154
158
192
231
164
226
289
179
203
227
186
178
198
162
160
167
155
123
96
143
127
78
164
120
67
161
133
78
174
147
116
171
p 2, 300
v2 280
p 1,030
v 1 250
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume^
Unadjusted combined indexf
1947-49=100 .
129
136
135
136
130
124
124
126
125
123
123
124
v 117
Alanufactures
do
Durible manufactures
do
Primary metals
do _ _
Steel
.__do
Primary n on ferrous metals
do
Metal fabricating (incl. ordnance)
do
Fabricated metal products
do
Machinery
- do
Nonelectrical machinery
do
Flectrical machinery
do . _ _
130
147
124
137
143
161
135
148
138
168
137
153
130
138
141
166
140
157
137
197
137
151
127
134
147
164
137
158
137
200
138
154
129
136
147
167
137
161
138
205
132
146
122
129
146
158
130
154
135
191
125
140
114
145
155
126
149
137
172
126
140
IIS
115
145
155
124
146
132
172
128
141
113
114
147
155
123
147
134
172
127
139
108
106
147
153
121
145
132
172
125
137
107
105
147
150
120
141
128
166
124
136
108
108
147
147
121
138
126
162
125
135
110
109
151
146
122
137
125
163
p 118
p 197
p 95
Transportation equipment
do
Autos
do
Trucks
-._ .
do
A ircraft and parts
do
Instruments and related products _do
Furniture and
fixtures
do
Lumber and products
do
Stone, clay, and glass products
do
Glass and pottery products . __ ..do
Miscellaneous manufactures
do
190
161
118
461
151
113
112
132
113
133
189
153
127
473
153
116
122
137
123
143
182
134
115
480
155
115
121
136
122
144
189
151
106
481
156
116
123
139
128
148
173
107
95
463
156
114
114
134
192
145
174
107
98
483
155
112
99
128
116
138
181
135
103
483
148
106
104
122
115
128
181
138
103
489
147
107
116
126
120
13?
183
142
101
485
145
106
117
128
121
131
179
151
101
475
140
101
119
128
117
125
1~7
146
100
472
138
98
122
130
117
124
173
143
95
471
136
100
115
131
116
127
P 133
113
112
110
98
102
121
107
94
93
95
121
118
118
102
101
118
108
117
107
110
122
124
127
111
102
113
108
111
102
105
122
120
121
123
101
116
118
116
100
101
118
111
114
135
99
99
100
111
96
102
110
99
102
125
97
84
80
92
87
90
111
97
101
126
95
82
78
98
91
97
114
96
98
112
97
89
86
93
95
100
115
98
98
115
96
98
98
101
94
100
113
98
97
106
96
103
100
9£
9c
99
113
103
100
105
95
115
108
108
94
99
116
111
107
108
97
126
114
p IQQ
do
do
do
do
do
do
do
do
do
do
102
91
120
117
114
141
157
132
137
114
115
103
135
133
116
143
157
135
138
122
106
94
135
130
122
145
151
133
136
122
107
97
140
138
126
151
151
131
135
127
100
89
135
133
126
150
149
131
137
120
98
87
119
117
122
14 f>
147
128
137
111
104
94
126
128
116
146
145
125
134
J14
111
102
133
132
118
150
150
126
136
114
110
100
135
133
121
150
150
121
129
118
102
94
136
131
122
147
150
120
128
r
l!6
96
89
134
132
121
144
149
123
130
118
102
95
135
136
120
144
1 52
12Y
132
121
P 114
f 138
do
do
do
do
do
117
69
135
138
130
122
85
135
140
133
122
84
136
139
131
118
84
131
122
132
113
76
131
95
126
111
71
133
74
122
111
74
134
74
108
110
68
135
76
113
109
61
M37
73
114
109
58
'"136
79
119
112
62
134
107
125
1U
*)3
13."
p IQa
P 57
f 1?0
do
137
136
133
132
129
120
125
125
123
123
124
124
/> 124
do
do __
do
do
do
do ._
do... .
do
139
157
136
171
142
164
145
200
138
157
137
171
140
165
145
203
135
152
130
166
135
161
141
200
134
151
128
166
134
159
141
193
131
146
122
159
130
152
136
184
127
142
113
150
126
140
133
172
127
140
111
154
126
143
130
169
126
139
109
151
123
HI
130
NJ3
124
135
103
147
120
138
125
163
125
134
103
146
119
138
125
163
126
135
106
147
121
137
124
163
125
135
109
K6
122
140
123
171
P 128
P 136
P 105
f 150
/< 124
" 146
11
126
Transportation equipment
do
Instruments and related products. ...do
Furniture and
fixtures
do
Lumber and products
do
Stone, clay, and glass products
...do
Miscellaneous manufactures
. .do . .
196
156
121
119
135
143
191
156
119
116
135
146
186
155
114
114
134
140
189
154
113
117
133
140
180
155
109
115
132
138
182
154
106
110
129
136
183
148
105
115
125
130
178
147
103
120
130
132
171
144
104
116
130
130
172
139
103
114
128
138
102
120
130
128
168
133
104
108
129
131
* 169
p 137
P 107
Nondurable manufactures
Food and beverage manufactures
Food manufactures
_
Meat products
Bakery products
Beverages
Alcoholic beverages
Tobacco manufactures
Textile-mill products
Cotton and synthetic fabrics _ _ . . __
Apparel and allied products
,
Leather and products..
...
Paper and allied products
Pulp and paper. .
Printing and publishing
Chemicals and allied products
Industrial ckemicals
,
Petroleum and coal products ._ _
Petroleum refining
Rubber products
Minerals
Coal
.
Crude oil and natural gas
Metal mining
Stone and earth minerals
Adjusted combined indexf
Manufactures
Durable manufactures
Primary metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
_
Nonelectrical machinery
Electrical machinery
do
do
do
do
do
do
do
do
do
-do
no
p 140
p 117
i1 132
» ]9Q
p 133
P 99
P 191
P 113
£3
96
'• 123
12"
f 130
112
121
119
113
114
117
117
115
115
Nondurable manufactures .
do
113
116
116
" 116
108
103
108
109
108
105
106
108
Food and beverage manufactures..
do
106
107
110
r 109
104
112
98
104
100
106
103
108
Tobacco manufactures
do
108
103
103
~~~93~
90
95
98
104
108
90
90
91
100
Textile-mill products
do
93
95
101
114
100
107
104
109
103
Apparel and allied products
do. _ .. _
104
101
103
100
108
..
94
104
91
94
93
91
93
93
97
94
94
Leather and products
do
97
r
Revised.
» Preliminary.
JRevisions for 1951 and 1952, incorporating more complete data, appear on p. 24 of the April 1954 SURVEY.
fRevised series. The index has been improved in this revision by (1) incorporation of a number of new series; (2) revision of weights, seasonal adjustment factors, arid working-day allowances; (3) adoption of a more recent comparison base period; (4) use of improved industrial classifications, and (5) development of an independent set of annual indexes from the more comprehensive data available at yearly intervals. For a detailed description of the revision and monthly and annual data beginning 1947, see the December 1953 issue of the FEDERAL RESERVE
BULLETIN.
SURVEY OF CURRENT BUSINESS
September 1954
1954
1953
Unless otherwise stated, statistics through
1953 Statistical Supplement to the Survey
S-3
July
August
September
October
November
December
January
February
March
April
June
May
July
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Physical Volume}— Con.
A djusted— Continued
Manufactures — Continued
Nondurable manufactures— Continued
Paper and allied products. ._
194749=100—
Printing and publishing
- do
Chemicals and allied products
do
Petroleum and coal products
-do
Rubber products
do
134
121
152
132
130
133
121
148
132
127
135
121
147
131
121
132
123
146
129
120
132
121
145
129
118
125
120
145
128
116
126
120
143
124
112
no
120
87
135
116
125
119
86
135
117
124
118
81
136
117
123
114
76
131
108
124
111
70
131
103
125
113
69
133
101
127
113
70
134
103
119
113
68
135
101
124
r 137
M a n u f a c t u r i n g a n d t r a d e s a l e s (adjusted) totalf
mil. of dol .
Manufacturing total f
..do
Durable-goods industries
do
Nondurable-goods industries
_.do
Wholesale trade total t
do _ .
Durable-goods establishments
do__ .
Nondurable-goods establishments
do
Retail trade, total
do ...
Durable-goods stores
do
Nondurable-goods stores
- do
50, 398
26, 366
13,410
12, 956
9,563
3,153
6,410
14, 469
5. 102
9, 367
48, 138
25. 067
12, 730
12, 337
8,998
3,092
5,906
14, 073
4,914
9,159
48, 652
25, 379
12.698
12, 681
9,291
3, 051
6, 240
13, 982
4,865
9,117
48, 284
25.010
12, 376
12. 634
9,234
2,982
6, 252
14, 040
5, 029
9,011
47,518
24, 256
11, 867
12, 389
9,158
2,994
6,164
14, 104
5,005
9,099
47, 209
24, 126
11,576
12, 550
9.151
3,011
6,140
13, 932
4,626
9, 306
46,450
23, 902
11, 580
12, 322
8,926
2, 859
6, 067
13, 622
4,436
9,186
46, 714
23,620
11, 278
12, 342
9,122
2,894
6,228
13, 972
4, 745
9,228
47, 094
24, 064
11,385
12, 679
9,130
2,870
6,260
13, 900
4,858
9,042
47, 636
24. 418
11,502
12,916
8,976
2,822
6,154
14, 242
4,882
9,360
46, 914
23, 978
11,344
12, 634
8,892
2, 836
6, 056
14, 044
4,730
9,313
Manufacturing and trade inventories, book value, end
of month (adjusted) totalt
mil of dol
Manufacturing total t
do
Durable-goods industries
- do
Nondurable-goods industries
do
Wholesale trade total t
do
Durable-goods establishments
- do
Nondurable-goods establishments
do
Retail trade total f
do
Durable-goods stores
do
Nondurable-goods stores
do
81,116
46, 485
26, 392
20, 093
11, 888
6, 223
5, 665
22, 743
10, 730
12,013
81, 586
46, 888
26, 788
20, 100
11, 923
6,259
5,664
22, 775
10, 624
12, 151
82, 000
47, 087
26, 958
20. 129
11,989
6, 245
5,744
22, 924
10, 921
12, 003
81, 805
47, 044
26, 987
20, 057
12,041
6,278
5,763
22, 720
10, 727
11,993
81,276
46, 909
26, 975
19, 934
11,930
6,127
5, 803
22, 437
10, 574
11,863
81, 072
46, 722
26, 752
19,970
11,689
5, 900
5, 789
22, 661
10, 668
11,993
80, 688
46, 382
26, 526
19, 856
11,785
5, 866
5, 919
22, 521
10, 688
11,833
80, 390
46, 115
26, 168
19, 947
11, 854
5, 841
6,013
22, 421
10, 584
11,837
80. 093
45, 774
25, 900
19,874
11.756
5, 799
5,957
22, 563
10, 486
12, 077
79, 516
45. 183
25, 345
19, 838
11,643
5,728
5,915
22. 690
10, 412
12, 278
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales :f
Value (unadjusted) total
mil of dol
Durable-goods industries
do
Nondurable-goods industries
do
24. 700
12,317
12, 383
25, 276
12, 484
12, 792
26,163
12, 917
13,246
26, 845
13, 223
13, 622
23, 792
11,499
12, 293
23, 929
11,615
12,314
23, 062
10, 870
12, 192
22, 970
10, 968
12, 002
25, 300
12, 208
13, 092
Value (adjusted), total
..do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal products
do
Electrical machinery and equipment-. .do
Machinery, except electrical
do
Motor vehicles and equipment
do
Transportation equipment, n. e. s
do
Furniture and
fixtures
do
Lumber products, except furniture
do
Stone clay and glass products
do
Professional and scientific instruments. do
Other industries, including ordnance... do
26, 366
13.410
2, 335
1, 309
1,462
2,125
2,381
1,032
334
815
611
416
590
25, 067
12, 730
2,154
1,190
1,438
2,099
2,210
1,031
380
776
582
326
544
25, 379
12, 698
2,084
1,219
1,536
2,163
2,023
1,008
370
726
607
355
607
25,010
12, 376
1,985
1,139
1, 391
2,039
2,095
1,140
364
715
575
353
580
24, 256
11,867
1,874
1, 150
1,324
2, 068
1,918
925
334
723
583
402
566
24, 126
11,576
1, 645
1, 076
1,349
1,902
2, 046
947
345
731
540
423
572
23, 902
11,580
1,609
1, 176
1,328
1,959
2,101
1,005
325
659
517
364
537
23, 620
11,278
1,580
1,132
1, 269
1,968
1,962
942
309
659
573
348
536
do
do
do
do
do
.do. ._
do
do
do
do
do
do
12,956
3, 796
570
301
1,181
869
328
766
740
1,720
2, 237
448
12,337
3,645
617
314
1,098
891
264
735
676
1,608
2,081
409
12,681
3, 836
662
315
1, 031
854
266
752
707
1,640
2,202
416
12,634
3.890
666
304
1,038
910
243
738
745
1, 643
2,062
395
12, 389
3,771
635
339
1,006
835
251
709
778
1, 606
2,113
346
12, 550
3, 863
572
304
1,040
873
267
701
774
1,601
2,186
369
12, 322
3, 802
626
292
992
857
259
680
748
1, 569
2,149
348
do
do
do
46, 436
26, 463
19, 973
46, 489
26, 564
19, 925
46, 646
26, 612
20, 034
46, 529
26. 598
19,931
46, 532
26, 549
19, 983
46. 947
26, 697
20, 250
do
do
do
16, 241
13, 698
16, 497
16, 244
13, 645
16, 600
16, 425
13, 551
16, 670
16, 402
13,351
16, 776
16,377
13, 149
17,006
16,419
13, 304
17, 224
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
..
do
do ...
do
__do __
do
129
119
146
126
131
119
146
122
113
133
120
146
124
113
112
62
109
58
' 136
78
120
137
120
147
125
119
135
121
148
125
119
111
65
1S4
"•91
r
121
113
69
135
97
122
v 111
" 70
^ 130
47, 769
24, 250
11,395
r
12, 855
T
9, 080
2,930
r
6, 1EO
14,439
5,024
9,415
47, 956
24, 213
11,4.56
12, 757
9,111
2, 951
6, 150
14,272
4,911
79, 372
44, 798
24, 926
19,872
11,770
5, 800
'5, 970
22, 804
10, 502
12, 302
>• 78, 991
r
44, 526
r 24, 689
T
19, 837
r
11, 865
r
5, 768
r
6, 097
22, 600
10, 383
12, 217
78, 362
44, 208
24, 366
19, 842
11, 746
5, 7')9
5,987
22, 408
10, 180
12, 228
24, 490
11,814
12, 676
23, 263
11,165
12, 098
24, 374
11,804
12, 570
22,401
10, 393
12, 008
24, 064
11,385
1,528
1, 173
1, 355
1,941
1,981
931
317
688
569
353
549
24, 418
11, 502
1, 575
1, 223
1,305
1,939
2. 052
971
300
693
547
356
541
23, 978
11,344
1,505
1,156
1,291
1,862
2,083
940
317
680
601
354
555
24, 250
11,395
1,567
1 , ISO
1, 3.'.6
1,901
1,974
r
914
r
334
r
678
r
599
r
364
r
568
24, 213
11, 456
1, 544
1,192
1,329
3,928
1.813
1, 146
307
681
600
375
541
12, 342
3,681
648
291
1,035
825
274
676
832
1,590
2,139
351
12, 679
3, 802
628
309
1,060
806
290
730
776
1,692
2,198
388
12,916
3,977
677
305
1, 073
866
278
733
750
1. 720
2, 162
375
12,634
3 827
672
304
1,115
826
297
714
769
1,664
2, 089
T
12,855
3, 844
r
649
r
299
r
1.064
r
818
r
355
r
706
r
767
r
1,724
r
2, 202
367
! 2, 757
,>>, 816
715
300
1,040
933
367
753
734
1,627
2, 105
46, 772
26, 598
20, 174
46, 355
26, 235
20, 120
45, 959
26, 042
19,917
45, 351
25, 029
19. 722
44, 974
25, 336
19, 638
r
44, ()75
24, 977
19, 698
41, 151
24, 44H
19, 70S
16, 023
13,512
17, 237
15, 783
13, 285
17, 287
15,371
13,311
17.277
14. 930
13,212
17, 209
14,826
12,889
17, 259
r
r
14,782
12, <i{»5
17.228
1 1, 934
1 2, 338
!(i, 879
96
124
p 121
p 148
v 123
BUSINESS SALES AND INVENTORIES&
Nondurable-goods industries, total
Fo:>d and kindred oroducts
Beverages
Tobacco manufactures ...
Textile-mill products
Apparel and related products .
Leather and leather products
Paper and allied products
_
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber products
Inventories, end of month :f
Book value (unadjusted), total .
,
Durable-goods industries
Nondurable-goods industries
By stages of fabrication: J
Purchased materials
Goods in process
Finished goods. _
T
r
r
r
r
r
r
r
Book value (adjusted), total
do
46, 888
46, 485
47, 087
47, 044
46. 909
46, 722
46, 382
46,115
45, 183
45, 774
44, 798
44. 52ti
44, 208
r
Durable-goods industries, total
do
26, 392
26, 788
26, 958
26, 987
26, 975
26, 752
26, 526
25, 345
26, 168
25, 900
24, 926
24, 689
24, 366
Primary metal
do
3,382
3,456
3,513
3, 507
3,488
3, 425
3,344
3,388
3, 226
3,354
3, 153
3,071
3,110
Fabricated metal products
do
2,815
2,914
2.962
3, 145
3,038
3,012
3, 131
2,837
2,948
2,917
2, 768
2, 831
2, 810
Electrical machinery and equipment._.do
3, 366
3, 424
3,425
3, 484
3, 489
3,342
3,440
3, 326
3, 167
3,103
3, 248
3, 062
3,015
Machinery, except electrical
do
5, 628
5,690
5, 667
5, 665
5, 735
5, 647
5, 551
5,512
5, 297
5,416
5, 222
5, 148
5, 101
Motor vehicles and equipment
do
3,435
3, 476
3, 445
3. 498
3, 377
3, 396
3,482
3,189
3,380
3, 296
3, 098
3,021
2,921
Transportation equipment, n. e. s
do
2,707
2,720
2, 751
2, 702
2, 700
2, 769
2,784
2,732
2. 690
2, 753
2, 652
2, 691
2, 563
r
Furniture and fixtures _
do
697
681
674
679
670
642
661
666
665
665
6,50
661
659
r
Lumber products, except furniture
do
1,096
1,068
1. 123
1,121
1,090
1,033
1,022
1,015
1,010
1,025
1,003
981
948
r
Stone, clay, and glass products
do
879
875
884
901
878
890
907
917
916
906
895
919
886
r
Professional and scientific instruments .do
875
866
878
881
882
882
895
883
883
874
888
874
873
r
Other industries, including ordnance... _do
1,549
1,581
1, 583
1, 564
1 , 521
1,497
1,482
1,445
1, 465
1,446
1,465
1,459
1,480
r
Revised.
» Preliminary.
9 See note ma rked "t" o n p. 8-2.
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. 8-1 cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, 8-9, and 8-10.
t Revised series. Data have been adjusted to more recent benchmarks; all revisions prior to 1953 are available upon request (most of the data published in the 1953 issue of BUSINESS
STATISTICS are now obsolete).
JRevised data beginning December 1949 appear on p. 22 of the June 1954 SURVEY.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
Sepeember 1954
1953
July
August
September
1954
October
November
December
January
February
March | April
June
May
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDER S— Continued
Inventories, end of month t — Continued
Book value (adjusted), total— Continued
Nondurable-goods industries, total . . mil . of dol . Food and kindred products
do
Beverages
do
Tobacco manufactures
do
Textile-mill products
do
Apparel and related products
do
Leather and leather products
do
Paper and alli°d product?
do
Printin^ and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber products
do
20, 093
3,433
1,242
1,804
2,666
1,866
568
1.030
755
3,108
2,696
925
20, 100
3,411
1,186
1,839
2,646
1,876
562
1,024
773
3,142
2, 744
897
20, 129
3,445
1,139
1,834
2,612
1,907
574
1,038
772
3,169
2,731
908
20, 057
3,468
1,142
1,811
2 614
1,862
577
1,044
768
3,140
2,750
881
19, 934
3, 51 1
1,129
1,789
2 543
1,845
570
1,050
776
3,107
2,747
867
19, 970
3, 525
1,155
1,812
2,513
1,901
582
1,044
752
3, 093
2, 725
8(38
19, 856
3,524
1,162
1,842
2, 464
1,872
581
1,034
769
3,067
2.697
844
19, 947
3, 589
1,161
1,840
2 455
1,863
573
1,048
762
3,080
2,719
857
19, 874
3,598
1,196
1 833
2 442
1 791
573
1 050
767
3 072
2,703
849
19, 838
3 506
1,188
1 865
2 412
1 762
580
1 047
3 061
2, 73H
812
3, 053
2. 76i
New orders, net:f
Unadjusted total
Durable-goods industries
Nondurable-goods industries
23, 832
11, 588
12, 244
22, 672
10, 133
12, 539
23, 235
10,090
13, 145
23, 282
9,830
13,452
20, 955
8,930
12, 025
21.448
9,347
12, 101
20, 882
8,687
12, 195
21, 526
9, 495
12, 031
23 857
10, 779
13, 078
22 944
10 290
12, 654
21,708
9 472
12, 236
24, 525
11, 600
1,957
1,073
1,582
1,752
22, 339
10, 139
1, 751
1,214
1,134
1,676
22, 661
10, 110
1, 635
1,041
1,082
1,843
22, 163
9 677
1,500
843
1,039
1,798
21, 594
9,631
1,666
1,089
886
1,800
22. 026
9,567
1, 450
1.045
949
1,613
20, 749
8,475
1,205
746
987
1,378
22,016
9,629
1,278
932
1,264
1,599
22 859
10 206
1 269
956
948
1 677
23 017
10 021
1 353
954
1 049
1 705
22,819
10 050
1,273
2,347
2,889
12, 925
2, 983
9.942
1,882
2,482
12, 200
2,636
9,564
2,114
2, 395
12, 551
2,626
9,925
2,127
2,370
12, 486
2.617
9,869
2,084
2,106
11,963
2,318
9,645
2.289
2,221
12,459
2,691
9,768
2,198
1,961
12, 274
2, 631
9.643
2,255
2,301
12, 387
2,862
9,525
2 922
2,434
12, 653
2,830
9 823
2 683
2 277
12. 996
2 925
10 071
2, 820
2,382
12,769
3,030
9,739
72, 720
69, 366
6,910
5,728
12, 520
9,793
70, 116
67, 015
6,562
5,609
12, 204
9,512
67, 188
64, 188
6,103
5,517
11,718
9,118
63, 626
60, 796
5 640
5,052
11,279
8,785
60, 789
58, 227
5 355
4,798
10, 687
8, 545
58, 308
55, 959
5, 108
4, 643
10.317
8, 156
56, 128
53, 776
4,729
4,435
10, 059
7,770
54, 684
52 303
4 448
4,201
9, 962
7,435
53, 241
50 874
4 202
3 994
9,489
7 083
51, 695
49 350
3 964
3 823
9,261
6 828
50, 140
47 657
3 667
3 629
8,952
6 523
r
27, 767
6,648
3.354
26, 559
6,569
3,101
25, 658
6,074
3,000
24, 338
5,702
2,830
23, 726
5,116
2, 562
23, 044
4,691
2,349
22, 322
4,461
2,352
21, 740
4,517
2,381
21 658
4,448
2 367
21 188
4,286
2 345
20 789
4, 09T
2 483
r
do
do
do
Adjusted total
do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal products
do
Electrical machinery and equipment ..do
Machinery except electrical
do
Transportation equipment, including motor
vehicles and parts
mil. of dol
Other industries, including ordnance ... do ..
Nondurable-goods industries, total
do
Industries with unfilled orders 9 do
Industries without unfilled orders^
do
Unfilled orders, end of month (unadj.), totalf-do
Durable-goods industries, total
do
Primary metal
do
Fabricated metal products
do
Electrical machinery and equipment
do
Machinerv except electrical
__
do
Transportation equipment, including motor
vehicles and parts
mil. of dol
Other industries, including ordnance
do
Nondurable-goods industries, total 9 do
777
19, 872
3, 544
1, 195
1,877
2.412
r
19, 837
3, 402
1,209
1,887
r
2, 422
r
1,762
r
595
r
1,046
r
748
r
3, 085
T
2, 771
r
r
r
i ?ec
581
1, 061
756
810
19, 842
3,474
1, 176
1,939
2 389
1 , 763
580
1, 0?4
759
3, 141
2,777
820
r
r
r
r
23 089
10, 29T
12, 792
n, 784
3,863
11, 921
22, 876
9 985
1,450
1 153
r
905
r
1 793
22, 500
9 763
1 204
r
2 242
2, 442
12, 891
r
2, 988
r
9 903
2 357
2, 485
12. 737
2, 874
9 8G3
48, 855
46 150
T 3 422
r
3 637
r
8, 627
r
6 301
48, 23S
45 620
3 287
3 589
8,607
6 245
20 184
3', 979
2 705
19 705
4,187
2 618
r
r
918
1,000
1,657
r
T
r
r
r
9*6
1, 101
1 630
BUSINESS POPULATION
OPERATING BUSINESSES AND BUSINESS
TURNOVER
Contract construction
Service industries
Retail trade
All other
4,185.3
431.3
321.8
739.0
1, 849. 9
285.6
557.5
do
do
._..._ do
-
New businesses semiannual total |
Contract construction
Manufacturing
Service industries
Retail trade
Wholesale trade
All other
do
141.2
23 9
10.4
23.1
58.1
8.6
17.1
do
do
do_
do
do
do
do
Discontinued businesses, semiannual total t
Contract construction
_ Manufacturing
Service industries
_
Retail trade
Wholesale trade
All other
do
do
do
do
do
do
do
161.6
24.9
15 2
25.9
67.3
8.0
20.3
Business transfers, semiannual total t
do
151 2
BUSINESS INCORPORATION ScT
New incorporations (48 States)
number..
8,703
7,487
7,433
8,267
7,269
8,915
9,543
8 533
10,514
10, 272
9 280
9 748
9 409
724
43
64
164
380
73
700
49
92
148
340
71
686
31
89
145
336
85
840
75
89
188
404
84
815
66
97
175
389
88
813
64
89
193
382
85
867
60
86
192
450
79
926
74
109
207
449
87
1,102
87
143
198
551
123
975
66
92
200
535
82
943
81
111
200
460
°1
965
81
132
208
455
89
856
80
95
165
417
99
39 830
1,210
2,789
17, 139
11,282
7,410
28 529
1 077
3,868
10, 267
10, 275
3,042
33 817
1,286
4,451
13, 676
9,790
4,614
37 076
3 848
4,366
14, 956
9,671
4,235
36 795
2 687
4 621
13, 568
11 083
4,836
43 754
1*871
4, 154
23, 731
9 757
4,241
99 592
3 134
3 166
11,431
8 623
3, 238
47 774
4 341
4 082
23, 043
11 770
4 538
57 280
3 506
7 255
15, 359
26 043
5 117
42 512
1 648
3 6C?
20,
568
I 9 030
4 574
38 494
2 961
3 674
15, 621
11 739
4' 499
41 613
2 045
4 514
18, 454
11 722
4 878
4 9^8
9,9*^6
INDUSTRIAL AND COMMERCIAL
FAILURES^
Failures, total
.._
Commercial service
_ .
Construction
_ .
Manufacturing and mining
Retail trade
_ _ .. __
Wholesale trade
liabilities total
Commercial service
Construction
Manufacturing and mining
Retail trade . _
Wholesale trade
number..
do
-do ..
do
do
do
thous. of dol
do
do
do
do
do
9 ^Vl
9
P»9'}
5 110
r
Revised.
fHevised series. For manufacturers' inventories and orders, see corresponding note on p. S-3. Beginning 1953, data for operating businesses and business turnover will be
published on a semiannual basis; re vised annual data for number of operating businesses (1929-52), new and discontinued businesses (1940-52), business transfers (1944-52) semianmualdata
for operating businesses (second half 1944-52) by industry, and revisions for first three quarters of 1952 for all series as above (except transfers) are shown in the January 1954 SURVEY.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
HFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cfData are from Dun & Bradstreet, Inc.
SURVEY OF CUERENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-5
1954
1953
July
August
September
October
November
December
January
Febru- | Marph
, Mar en
ary
April
May
June
July
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
260
237
218
204
426
270
193
252
268
255
232
215
205
430
278
185
207
263
257
235
219
207
452
280
204
191
251
249
229
223
194
439
275
189
198
255
249
234
229
195
433
269
205
218
263
254
238
230
205
427
260
237
224
269
259
240
233
207
420
254
222
271
268
258
237
236
208
443
258
210
233
269
256
239
238
208
443
263
212
246
275
257
240
234
208
443
267
217
225
283
258
249
227
207
446
272
215
279
286
248
244
216
205
445
274
240
200
283
247
248
925
902
446
272
228
243
286
280
319
261
223
276
305
265
229
276
299
275
230
266
273
282
234
263
267
288
224
269
285
282
218
277
309
274
213
277
315
267
208
271
316
257
188
271
333
237
178
267
331
230
168
251
299
229
168
947
286
237
171
261
271
250
••261
273
r
248
259
270
247
258
270
246
259
270
248
260
270
250
263
271
254
264
271
255
264
272
255
265
273
256
267
276
256
265
276
952
9
278
279
277
276
277
278
282
282
283
283
284
282
280
94
91
93
90
90
91
92
91
90
91
91
88
88
210.1
210. 1
210 3
210 0
208 9
209.1
209 5
208 9
208 3
208 1
208 7
209 0
209 6
114.7
104.4
113.8
108.3
118.2
112.0
115.0
104.3
114.1
109.1
112 7
114. 1
115.2
105 3
113.8
109 6
106 6
113 5
115 4
105 5
113 6
110 1
107 7
111 1
115. 0
105.5
112.0
110.5
107 4
107 0
114.9
105. 3
112.3
110.3
109 2
107.8
115 2
104 9
113 1
109 7
110 8
110 2
115
104
112
109
108
109
0
7
6
0
0
7
114 8
104 3
112 1
108 0
107 8
109 5
114.6
104 1
112.4
104 6
110 0
110 5
115.0
104. 2
113.3
103.5
114 6
111.0
115. 1
104 2
113.8
102 9
117 1
111 1
do
do
do
do
do
do. -do
do
do
117.8
106.4
108.1
123.8
121.5
112.6
107.4
129.7
118.3
118.0
106 9
107 4
125 1
121.8
112 7
107 6
130.6
118.4
118.4
106 9
108 1
126 0
122 6
112 9
107 3
130 7
118 5
118 7
107 0
108 1
126 8
122 8
113 2
108 6
130 7
119 7
118.9
107 3
108 3
127 3
123.3
113.4
108 9
130 1
120 2
118.9
107 9
108 1
127.6
123.6
113 6
108 9
128. 9
120. 3
118 8
107 1
107 2
127 8
123 7
113 7
108 7
130 5
120 3
118 9
107 5
107 2
127 9
124 1
113 9
108 0
129 4
120 2
119 0
107 6
107 2
1°8 0
124 4
114 1
108 9
129 0
120 1
118.5
107 6
106 1
128 2
124 9
112 9
106 5
129 1
120 2
118.9
107 7
105 9
128 3
125 1
113 0
106 4
129 1
120 1
118
107
105
128
112
106
128
120
U . S . Department of Labor indexes:
All commodities
1947-49=100..
110.9
110.6
111 0
110 2
109.8
110.1
110 9
110 5
110 5
111 0
110.9
110.0
110 4
Farm products
do
Fruits and vegetables, fresh and dried- -do
Grains
do
Livestock and live poultry
do
97.9
94.7
85.4
95.9
96 4
98.0
86.5
88. 1
98 1
96.0
88 3
90 6
95 3
94.2
87 9
82 0
93 7
94.2
89.3
78.4
94 4
89.8
90.6
83.9
97 8
91.2
91 3
91 8
97 7
89.7
91 6
°1 3
98 4
89.6
93 0
92 4
99 4
97.4
92 9
94 9
97.9
104.4
91.2
93.0
94.8
96.6
86.5
87.7
96 2
110.9
88 1
83 2
Prices received, all farm products§
Crops
Food grains
1910-14=100.do
do
Tobacco
Cotton
. Fruit
Commercial vegetables, fresh market
do
do
do
do
Livestock and products
- do
Dairy products
Poultry and eggs
do
do
-
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..
Pirity ratio 9 J
--do
63
277
247
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..
Food
Dairy products
Fruits and vegetables
Meats poultry and
do
_.do
do
do
fish
Housing
Gas and electricity
H ousef urn ish ings
Rent
Medical care
- -Personal care
Reading and recreation
Transportation
Other goods and services
_
9
6
8
3
195 1
7
4
9
1
1 115
104
114
104
120
109
2
0
6
3
1
7
119 0
1 (\7 ^
105 7
128 5
125 2
113 3
1H7 0
126 7
120 3
WHOLESALE PRICESc?
Foods, processed
do
Cereal and bakery products
do. __
Dairy products and ice cream
do
Fruits and vegetables, canned and frozen
1947-49 = 100..
Meats poultry and
fish
do.. .
105.5
108.5
110.0
104.8
108.4
110.7
106.6
110 8
111.3
104.7
112 0
112.7
103. 8
112 6
113.9
104.3
112 2
111.3
106.2
112 4
109.4
104.8
112 7
107.4
105.3
112 6
106.1
105.9
113 2
103.0
106.8
113 3
101.7
105. 0
113 5
102.4
106.4
114 0
105. 1
105.0
97.0
104.7
93.6
104.7
97 4
104.9
88 9
104.7
86 2
103. 9
89.7
103.8
96 4
103.0
92 9
103.0
92 8
103.3
94 3
104.5
98.3
104.7
92.3
104.7
94 1
Commodities other than farm products and
foods
1947-49 = 100
Chemicals and allied products^ do
Chemicals industrial
do
Drugs, Pharmaceuticals, cosmetics do
Fats and oils inedible
do
Fertilizer materials
do
P r epared paint ©
-.
do_.
114.8
106.2
120.2
93.6
46.7
113.8
110.7
114.9
106.3
120. 2
93. 5
46 9
113.8
110.7
114 7
106.7
120 0
93 5
51 1
113.0
111 0
114 6
106 7
119 5
93 5
53 3
112.9
112 1
114.5
107.2
119 2
93.5
58 0
112.9
112 7
114 6
107.1
118 6
93.8
58 6
113.9
112.7
114 6
107 2
118 4
93 9
61 2
114.0
112 8
114 4
107 5
118 4
93 9
63 5
114.0
112 8
114 2
107 4
117 9
93 9
60 5
114.0
112 8
114
107
117
94
59
114.
112
114 5
107. 1
117 3
94 0
59 3
114.0
112 8
114 2
106 8
117 0
94. ()
55 7
111.6
112 8
114 3
106 7
117 1
94 0
52 0
111.9
112 8
107
104
101
10?
110
106
104
101
107
108
5
2
4
0
8
1
8
Fuel power, and lighting materials ., do
Coal
do
Electricity
do
Gas
do
Petroleum and products
... .. .do
Furniture and other household durables
1947-49 = 100..
Appliances, household
do
Furniture, household
do. _.
Radios
_
do
Television sets
_ do
111. 1
111.8
98.5
106.1
116.8
111.0
111 7
99. 1
105.7
116.5
110 9
112 3
98.0
106 0
116. 5
111 2
112 5
98 5
106 6
116.6
111.2
112. 5
99.6
106.3
116.3
111.1
112 5
100.7
109 6
114.9
110 8
111 9
100 7
111 8
114 2
110 5
110 9
101 3
113 5
113 5
109
107
102
111
111
2
9
9
5
5
108 6
104 1
101 8
112 3
112 1
108
104
101
109
111
114.7
108.8
113.8
95.0
74.3
114.8
108.9
113.8
95.0
74.0
114.9
109.1
114.2
94.8
74.2
114.8
109.0
114 2
94.8
74.2
114.9
109.0
114.1
94.3
74.2
115.0
109.1
114.1
94.3
74.0
115.2
109. 6
114 2
96.1
73 5
115.1
109.7
113 9
96.1
73 8
115.0
109.5
113 7
95.7
115.6
109.9
113 6
95. 7
73.8
115.5
109. 9
113 5
95.7
73 8
115.4
109. 8
113 1
95. 6
70 6
115.3
109. 7
jj > ^
Hides, skins, and leather products
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
100.0
111. 7
73.4
96. 1
121.1
120.2
99.9
111.8
74.6
95.0
120.4
119.3
99.7
111 8
74.2
94.5
119.2
118.3
97 1
111 7
64 4
90 4
118.1
117.2
97.1
111.8
64.3
90.4
117.3
116.3
95. (5
111 8
57.7
88.7
117.4
116 4
95 3
111 9
56 8
88 1
117.0
115 9
94 9
II1 9
55 4
87 4
116.8
115 5
94 7
111 9
56 0
86 3
116.7
115 6
94 6
111 9
56 5
86 0
116.2
115 3
96 0
111 9
62 5
87 6
116. 1
115 0
95 6
111 9
60 6
87 4
116.3
115 5
9.- n
do. _.
do
do
do
do
do
-0
0
2
6
8
0
7
8
7
8
8
9
4
9
8
8
2
95. r>
86 4
118.9C
-1 1 Q
124.2
Machinery and motive products
do
123.4
124.1
123.7
124.0
124.4
124.3
124.4
124.5
124.5
124. 4
124.3
124.3
122.7
122.5
Agricultural machinery and equip,._do
122.3
122.4
122.3
122.3
122.5
122.3
123.0
122.7
122. 6
122.3
122.3
130.8
131.1
Construction machinery and equip. .do
130.5
130.9
131.6
131.0
131.2
131.7
131.1
131.5
131.5
131.5
131.6
124.8
Electrical machinery and equipment-do
125.6
126.6
126.2
126.5
126.8
126.5
126.8
126.8
126.8
126.0
125.9
125. 9
118.6
Motor vehicles
....
do
118.6
118.5
118.6
118.5
118.5
118.9
118.9
118.9
118 Q
1 1« a
118.9
118.9
' Revised.
1 Index on base previously used (1935-39=100) is 192.6.
§ Revised beginning 1910 to incorporate revisions in the component price series and to reflect changes in the basic weights; revised annual data for 1910-53 for prices received appear on p. 23
of the April 1954 SURVEY. August 1954 indexes: All farm products, 251; crops, 250; food grains, 228; feed grains and hay, 207; tobacco, 430; cotton, 288; fruit, 235; commercial vegetables 2*23'
oil-bearing crops, 294; livestock and products. 251; meat animals, 287; dairy products, 245; poultry and eggs, 178. {Revisions for 1937-53 for prices paid and 1910-53 for parity ratio acpear
on p. 24 of the April 1954 SURVEY.
'
* J
vv
9 Ratio of prices received to prices paid (including interest, taxes, and wage rates).
cfFor actual wholesale prices of individual commodities, see respective commodities.
©Wholesale price index for paint and paint materials, published in issues of the SURVEY prior to March 1954, has been discontinued.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1934
1954
1953
July
August
September
October
November
December
January
February
March
April
May
June
July
COMMODITY PRICES—Continued
WHOLESALE PRICEScf— Continued
U.S. Department of Labor indexes:— Con.
Commodities other than farm prod., etc. — Con.
Metals and metal products
1947-49= 100. .
Heating equipment
do
Iron and steel
do
Nonferrous metals
do
Nonmetallic minerals structural
do
Clay products
do
Concrete products
do
Gypsum products
do
129.3
115.1
135. 7
126.4
119.4
131.1
115.6
122.1
129.4
115.6
136.2
124.5
119.6
131.4
116. 1
122.1
128.5
115. 8
134.6
122.8
120.7
132.0
117.4
122.1
127.9
115.8
133 4
122.1
120 7
132.0
117.4
122.1
127.9
115.8
133.6
122.3
120.8
132.1
117.4
122.7
127.5
115.5
132.8
122.1
120.8
132.1
117.2
122.1
127.2
115.3
132. 0
121.5
120 9
131.9
117.2
122.1
126. 2
114.8
131.0
119.8
121.0
131.9
117.6
122.1
126.3
114.4
130.6
121.2
121.0
132.0
117.3
122.1
126.8
114.5
131. 1
123.4
120.8
132. 0
117.3
122.1
127.1
113.9
131 8
123 6
119 3
132.0
117 3
122. 1
127.1
113.8
131 8
123.7
119 1
132.0
117 5
122. 1
128.0
114.0
133 6
124.2
120 4
132.0
117 9
122 1
-
do
do
do
do
do
-do
do
do
do
do
115.8
125.1
124.6
126.4
97.5
99.3
94.1
134.7
87.5
111.7
116.2
125.9
123.5
125.1
97.5
99.3
94.1
134.7
86.7
111.8
116.9
126.5
124.0
126.4
96.9
98.5
93.7
134.7
86.7
111.2
117. 5
126.6
124.2
130.1
96 5
98.7
92.4
135.8
85.9
111.6
117.3
126.8
124.3
130.1
96.2
98.7
91.6
136.5
85.2
111. 5
117.1
126.8
124.8
130.1
95.8
97.9
90.9
139.3
85. 5
112.1
117.0
126.8
124.8
130.3
96.1
99.1
90.4
142.1
85.4
111.0
117.1
126.8
124. 6
130.3
95.3
98.8
88.8
135.8
85.4
109.0
116.6
126.8
124.9
130.3
95.0
98.6
88.5
135.1
84.9
109.3
116.3
126.8
125.0
129.3
94.7
98.2
88.5
132.3
84.6
109.2
115 8
126.5
125 1
129.3
94 8
98.2
88 3
131.6
85 2
109.5
115 8
126. 5
126 1
129.3
94 9
98. 1
88 4
123.9
85 6
110. 1
116 2
126.5
126 8
129.3
}5 1
38.5
88 9
124.2
85 6
109.8
Tobacco mfrs. and bottled beverages
Beverages alcoholic
Cigarettes
-
do
do
do
115.6
110.0
124.0
115. 6
110.0
124.0
116.2
111.2
124.0
118.1
114.9
124.0
118.1
114.9
124.0
118.1
114.9
124.0
118.2
115.0
124.0
118.0
114.6
124.0
117.9
114.6
124.0
121. 5
114.6
124.0
121.4
114 3
124.0
121.4
114. 2
124.0
121. 4
114 2
124.0
90.2
87.2
87.9
90.4
87.0
87.6
90.1
86.8
87.9
90 7
86.7
88.0
91.1
87.0
89.3
90.8
87.0
89.0
90.2
86.8
88.4
90.5
87.0
88.8
90 5
87.1
89.2
90 1
87.3
89.0
90 2
87 0
88.3
90 9
86 9
87.9
Pulp paper and allied products
Paper
-Rubber and products
Tires and tubes
Textile products and apparel
Apparel
Cotton products
Silk products
Synthetic textiles
Wool products
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
Retail food prices
1947-49=100
do
do
.
i 90 g
86 8
87 3
1
1
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITYJ
3,325
3,345
3,362
3,236
3,024
2,712
2,440
2,348
2,568
2,814
3 094
Private total
do
Residential (nonfarm)
do
New dwelling unHs
do
Additions and alterations
do
Nonresidential building, except farm and public
utility, total
mil. o f d o l _ _
Industrial
do
Commercial
do
Farm construction
do
Public utility
do
2,218
1,126
2,200
1,093
965
103
2 154
1,076
2 077
1,034
1 917
1,714
1 643
1 791
1 937
990
112
2,223
1,114
980
110
950
101
915
94
951
850
78
816
730
63
758
675
61
863
770
71
980
860
96
2 115
1 092
489
176
165
182
408
493
174
169
185
420
505
177
175
170
422
511
177
179
140
417
523
177
192
118
393
507
177
182
103
347
486
179
164
102
303
474
176
157
106
298
469
173
154
114
338
464
169
151
127
358
490
165
167
145
379
Public total
Residential
Nonresidential building
Military and naval
Highway
Conservation and development
Other types
1,107
1,122
1,162
1,082
46
373
122
382
77
107
44
376
120
395
74
113
46
380
118
428
73
117
46
374
101
379
70
112
947
43
353
96
286
66
103
795
39
350
78
174
61
93
726
36
354
65
130
51
90
705
35
347
61
125
46
91
777
34
367
61
160
53
102
877
32
383
66
230
59
107
979
31
387
63
320
63
115
New construction, total
mil. of dol_.
do ._
do
do
do
do
do
do
955
111
r
3 358
3 512
2 277
1 183
1 040
2 387
1 252
1 110
114
113
r
528
r
189
157
398
549
161
203
164
110
r i Q81
1 125
r
164
•>6
407
81
415
69
137
29
395
T
84
385
67
121
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
53, 304
38, 361
55, 659
42, 586
41, 379
35, 777
50, 049
46, 564
65, 521
40, 787
Total projects
..
_ - number. _
65, 641
59 741
60 99f>
Total valuation
thous. of dol 1, 793, 342 1, 414, 408 1, 741, 673 1, 892, 388 1,394,050 1, 299, 764 1,151,987 1, 221, 260 1, 527, 517 1, 691, 868 1 925 253 1 733 264 1 8% 935
484, 191
724, 682
478, 814
532, 064
689, 264
363, 087
435, 799
476, 550
483, 160
669, 239
Public ownership
- do__ _ 610, 348
681 024
624 890
1, 182, 994
788, 900
882, 344 1,016,991 1, 203, 124
785, 461 1,043,326 1,215,318 1, 256, 014 1 108 374 1 155 911
910, 890
820, 950
Private ownership
- do
Nonresidential buildings:
Projects
Floor area
Valuation
Residential buildings:
Projects
Floor area
Valuation
Public works:
Projects
.Valuation
Utilities:
Projects
- -.
Valuation
number
thous. of sq. f t _ _
thous. of dol
6,209
57, 374
764, 393
5,267
40, 292
545, 851
4,675
38, 407
783, 266
5,316
52, 435
758, 130
4,199
40, 368
611,857
3,804
36, 450
540, 338
3, 661
33, 937
473, 077
3,871
32, 259
468, 712
4,936
41, 561
532, 060
5 406
45, 971
605. 427
5 647
51, 913
672 288
5 367
49, 014
&56 445
5 744
48, 877
641 513
number __
thous. of sq. ft..
thous. of dol
44, 227
70, 206
653, 407
38, 554
53, 242
507, 560
35,712
52, 470
507, 430
42, 610
65, 908
634, 582
35, 668
50, 247
484, 168
30, 492
46, 614
433, 500
33, 442
48, 156
462, 482
35, 621
52, 706
508, 773
48, 718
69, 631
667, 737
57, 531
80, 422
796, 133
57, 019
84, 946
825 300
51 414
73, 138
720 266
51 988
74, 756
745 440
.number..
thous. of dol
2,336
269, 600
2, 335
304, 917
1, 796
269, 625
1,693
270, 064
1,177
239, 827
1,153
226, 634
951
134, 304
1,007
191, 855
1,623
209, 986
2,040
219 400
2,427
324, 032
2 458
9§7 io4
> 693
351 895
number..
thous. of dol
532
408
403
430
335
328
307
288
105, 942
382
56, 080
544
181, 352
229, 612
99, 292
82, 124
51, 920
548
58, 198
117 734
502
70 908
103 633
571
60 449
98 087
Value of contract awards (F. R. indexes):
Total, unadjusted
.
1947-49=100..
Residential, unadjusted
-_ do..
Total, adjusted
do
Residential adjusted
- do
189
178
172
175
216
183
205
184
221
181
218
180
220
178
230
183
201
170
224
176
168
151
208
177
161
154
195
185
171
180
196
201
194
216
191
205
225
251
196
913
234
257
193
216
240
251
207
227
233
243
213
240
794 315 1 510 9^1
766 320
766 601
Engineering construction:
Contract awards (ENR)§
-
thous. of dol
1, 262, 992 1,111,213 1, 116, 572 1 469 252
933 637 1 439 441 1 436 942 1 160 753
Highway concrete pavement contract awards:©
7, 810
8,658
6, 094
3,258
7,187
-6,605
4,726
6,075
Total
thous. of sq. yd..
4,036
7,791
822
1,056
1, 102
973
100
148
1 748
1 078
Airports
do
1 299
1 211
2
3,798
4,232
4,066
3,691
1,774
2 347
1 852
4,336
Roads
- do
1
007
4' 005
2
2,956
3,453
1.582
2,019
1.384
2,121
1.125
1.729
2.649
2. 575
Streets and allevs
do
r
1
Revised.
Indexes on base formerly used (1935-39=100) are as follows: Measured by—wholesale prices, 47.4; consumer prices, 51.9; retail food, 43.2.
awarded in prior months but not reported.
d"For actual wholesale prices of individual commodities, see respective commodities.
J Revisions for 1950-53 appear on p. 24 of this issue of the SURVEY.
§Data for July, October, and December 1953 and April and July 1954 are for 5 weeks; other months, 4 weeks.
QData for July and September 1953 and March and June 1954 are for 5 weeks; other months, 4 weeks.
6,255
1 4^0
1 820
2 QS4
3
10, 342
2 141
4 375
.V 89fi 1
1
ZfA
Qfifi
7,624
3 407
9 «n«
Data include some contracts
S-7
SUKVEY OF CURRENT BUSINESS
September 1954
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July
August
Septem-
ber
October
Novem-
ber
Decem-
ber
January
Febru-
ary
March
April
May
June
July
112,000
CONSTRUCTION AND REAL ESTATE—Continued
NEW DWELLING UNITS AND URBAN
BUILDING
New permanent nonfarm dwelling units started
(U.S. Department of Labor)
number-Urban building authorized (U. S. Dept. of Labor):
New urban dwelling units, total.
number. .
Privately financed total
do
Units in l-family structures
do
Units in 2-family structures
do
Units in inultifamily structures
do
Publicly financed total
do
Indexes of urban building authorized:
Number of new dwelling units
1947 -49 ~ 100
Valuation of building total
- - do
New residential building
_do
New nonresidential building
do
Additions, alterations, and repairs
do
96, 700
93, 200
95, 100
90, 100
81,500
65, 800
66, 400
75, 200
95, 200
10f , 700
107, 000
120,000
47, 267
46, 697
37, 015
2,906
6,776
570
45, 621
44, 539
35, 689
2,254
6,596
1,082
46, 149
42, 900
33, 626
2,399
6,875
3,249
43, 381
43, 143
34, 536
2,676
5,931
238
35, 707
34, 150
27, 807
2,098
4,245
1,557
32, 753
31, 987
24, 156
2,028
5 803
766
33, 669
31, 855
23, 185
1,489
7, 181
1,814
38, 916
37, 784
29, 705
1,882
6,197
1, 132
55, 546
53,596
43, 349
2,488
7,758
1,951
57, 773
56, 807
47, 082
2,526
7, 190
966
53,663
52, 871
44, 592
2,190
6,080
792
63,409
50,526
49,865
2,422
7 239
3,883
103.3
159.7
144.9
184.5
158.0
99.6
144.9
141.0
154.4
137.9
100.9
144.7
143.3
144.7
149.6
94 8
141.8
133.8
156.6
138.0
78 5
121.5
109.7
145.8
109.7
71.7
109.9
96.2
137.7
97.4
73. 6
108.4
95.2
132.2
93.1
84.2
115.1
113.7
122. 3
103. 9
119 9
160.3
165.9
164.8
129.5
126 9
171.6
180.5
166.3
143.2
117.3
163.7
170.1
164.4
137.8
137. 9
191.5
196.4
191. 5
161.8
' 123. 0
' 122. 9
122. 7
392
' 122. 5
' 122. 5
111. 3
392
121.9
121.0
' 121. 2
393
' 121.0
' 121. 3
CONSTRUCTION COST INDEXES
Department of Commerce composite? 1947-49 =100. .
Aberthaw (industrial building)
1914=100
American Appraisal Co., The:
Average, 30 cities ._
1913= 100..
Atlanta
--. do
New York
do
San Francisco
- __do
St Louis
do
Associated General Contractors (all types). -do
E. H. Boeckh and Associates:^
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete.-U. S. avg. 1926-29=100..
Brick and steel
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
- do
Brick and steel
-do
Brick and wood
do
Frame
--_do
Sleel
,
-do
Residences:
Brick
do
Frame
do
Engineering News- Record :d"
Building
1947-49= 100. .
Construction
do
Bu. of Public Roads— Highway construction:
Composite standard mile
1946=100.-
r
r
T
122. 0
393
123. 2-
580
639
601
526
574
411
583
639
601
526
574
416
583
639
601
521
574
417
584
640
604
524
572
418
585
641
609
525
576
418
585
641
609
525
576
418
584
641
623
522
576
422
585
641
624
522
576
420
586
641
624
529
579
420
585
639
623
530
577
422
586
639
623
530
577
422
588
639
624
530
504
424
501
640
624
530
595
429
254.2
252.2
259.0
254.9
253.0
258.7
255.8
253.5
258.3
255.6
253.2
257.3
256.0
253.7
257.4
256.3
253 8
257 1
254.9
251 9
255. 2
254.3
250.9
253.7
254.0
250 7
253.7
254.2
250 2
252 8
255.7
251 3
253. 9
266.1
251 5
254 7
257. 3
952 8
256 2
260.5
257.4
255.8
261.2
241.2
261. 0
257.8
256.0
260.0
241.6
262.0
258.7
256.0
259.0
242.3
261.9
258.6
255.2
257. 6
242.5
262.2
258.9
255.3
257.8
242.8
262
259
255
257
243
5
1
1
2
0
261.4
257.9
2f,3. 5
254.7
241 9
260.4
257.3
252.5
252.5
241 3
260
257
252
252
241
261
257
251
251
241
262
258
253
252
242
263
259
253
253
242
265
2f)l
254
255
244
259.4
255. 4
259.0
254. 6
258 8
254.1
257 8
252.9
257 9
253.0
257 7
252 6
255 7
250 5
254 2
248 3
254 2
248 9
253 4
247 4
254 5
248 3
2*x5 3
249 3
25fi 8
9*50 8
129.2
135.2
128.9
134.8
129.0
135 0
129.0
135 1
128 9
134.9
129 2
135 5
129.3
135 7
129.2
135 5
129 5
135 8
129 7
136 5
130 1
137 2
131 3
138 6
134 7
141 7
133.9
2
2
5
7
2
0
4
9
5
2
9
8
1
6
2
127 7
131 8
4
3
f>
9
4
0
0
9
4
7
127 0
CONSTRUCTION MATERIALS
Production of selected construction materials, index:
Unadjusted
1939=100..
Adjusted
__
do .
174.0
163.5
177.5
156.8
178 6
166 1
185 7
167 6
160 1
161 6
147 1
166 4
138 7
162 4
143 8
174 3
r 167 Q
r 17g 7
171 8
172 8
T 173 g
v
r Ift4 1
V 1 PJ\ fl
154, 255
268 144
161, 872
225 681
152, 886
249 213
146, 580
269 616
164,217
308 931
176 5
REAL ESTATE
Home mortgages insured or guaranteed by193, 071
Fed. Hous. Adm.: Face amount
thous. of doL. 203, 130
193, 538
185, 545
172, 353
183, 443
173, 057
229, 347
Vet. Adm.: Face amount
do
247, 905
291 656
309 429
284 905
247 561
252 433
Federal Home Loan Banks, outstanding advances
746
700
to member institutions
mil. ofdol
819
801
865
751
95°
New mortgage loans of all savings and loan associa757, 569
706, 631
tions, estimated total
thous. ofdol
688, 142
684 245
494 859
585 915
583 538
By purpose of loan:
236, 513
Home construction
do
217, 925
208 137
218 785
190 304
151 935
187 422
355, 316
339, 956
Home purchase
- do
328 453
318 359
265 424
217 119
258 641
58, 476
Refinancing
do
51 969
52 094
50 671
45 705
48 324
47 548
Repairs and reconditioning
_. do
27, 438
27, 043
27 059
27 204
19 454
1 5' 992
19' 672
80, 221
All other purposes, _
.do...
69, 343
71 845
69 780
62 265
65 028
69 479
New nonfarm mortgages recorded ($20,000 and
under), estimated total. . _ ._ - thous. of dol._ 1, 797, 760 1, 709, 392 1, 728, 508 1, 745, 841 1 548 645 1 622 326 1 372 242 1
14.8
14.2
Nonfarm foreclosures, adjusted index -1935-39 =100-.
14.2
13.1
13.6
14.7
14.6
107, 713
74, 938
Fire losses
thous ofdol
68 551
68 613
86 493
68 064
83 440
677
630
613
608
675
539 359
710 130
73 1 533
7°8 369
809 yy7
176 074
219 846
245 604
288 212
256 844
9Q7 RQ^i
254 361
301 497
19 314
69 166
25 602
84 315
§5 444
KA QKQ
ftft OQ7
OC 1 7ft
26 420
80 986
154, 598
ooo noo
i
i o c 400
425 193 1 783 510 1 792 991 1 804 499 1 990 092
17.4
16. 3
70 QOQ
QA 09-1
77 03*3
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) 9
1950-52=100..
167
159
133
160
142
77
226
155
164
121
156
136
73
187
Tide advertising index, unadjusted. _. 1947-49 =100..
126.6
124.8
164
164
132
167
136
71
185
161.8
r
Revised.
*> Preliminary.
S^o^rnited^
°f
Commerce construction
ifti
166
136
166
133
1 f»9
1 ^Q
130
140
ft£
234
166
162
140
162
140
66
206
167
183
137
160
145
67
211
162
168
135
164
153
69
216
164
165
138
162
144
64
225
224
188.8
183.3
146.4
130.3
146. 7
A4
•iftc
172.8
i f>3
1 7*3
240
250
264
29S
180.0
180.9
168.4
131. I
cost index are shown in the May 1953 Construction and Building Materials Statistical Supplement.
d*Data reported at the beginning of each month are shown here for the previous month.
t Revised series. Data reflect the adoption of a more recent comparison base (except for television) and adjustments of the radio and television components to) cover
<
only the network
portion of those media. Revisions prior to January 1953 will be shown later.
9 Notice that the base for television differs from that of other media.
« Revised indexes for May 1953: Total valuation of building, 166.1; new nonresidential building, 176.9; additions, etc., 147.8.
SUEVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1954
1954
1953
July
August
September
October
November
December
February
March
13, 286
774
3,710
12,205
13, 895
1,063
3 713
251
238
January
May
April
June
July
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Radio advertising:
Cost of facilities, total
.-. thous. of doL.
Automotive, incl. accessories
do
Drugs and toiletries
do
Fllectrical household equipment
do
Financial and insurance
do
Foods soft drinks confectionery
do
Gasoline and oil
do
Soaps, cleansers, etc
do
Smoking materials
do
Ml other
do
12,226
607
3,684
435
226
2, 985
412
1,335
992
1,550
11, 707
679
3,363
366
290
2,690
396
1,304
876
1,742
12, 145
739
3,466
408
291
2,666
345
1,368
929
1,933
13,829
979
3, 901
310
287
3,101
338
1,429
1,271
2,214
13,667
1,034
3 658
249
222
2,988
461
1, 399
1,331
2,324
14, 185
896
640
253
235
2,798
509
1,482
1 , 353
?, 185
1, 263
1,183
2,214
1,253
1 068
1,914
' 37,
944
r
984
4,263
1,824
5, 805
6,219
1, 876
42, 740
4,300
4,977
1,881
5,429
6,056
1,402
60, 152
7,110
4,484
3,428
6,419
7,433
2, 062
72, 670
5, 856
5, 770
3,604
7,915
10,010
3,126
69, 846
5,071
5 405
2,193
7 555
9,599
3,888
47,531
38, 847
1 971
4 657
1,741
4 920
52 302
3 274
4 726
6,400
9,073
1,287
2 037
do
do_ __
do
do
do
do
2, 129
749
2, 550
1,074
1,203
9, 2C6
1,592
1,501
2,986
1, 165
1,379
10, 071
3, 788
3,077
3, 678
1, 300
1,581
15, 793
4,985
4,596
4,640
1,661
1,754
18, 753
3. 874
3.826
4 999
1,446
1, 603
20, 386
2,975
854
1,904
1,169
2 638
2,742
3,624
1,702
1,211
13,310
11,102
2 398
1 709
3 190
1 137
1,431
14 553
3,818
1,594
1,943
16, 530
thous. oflines..
3,205
4,136
4,965
5, 230
4,406
3,161
3,655
4,131
4,754
187, 997
53, 368
134, 629
11, 581
3,074
24, 531
95, 442
198,647
56, 553
142, 095
11,417
2,021
23, 034
105, 623
219, 558
54, 175
165, 383
11,910
2,515
31, 684
119, 275
244, 370
55 833
188 537
14,312
2,776
39, 186
132 263
241, 346
50 718
190 629
12, 579
2.789
37, 773
137 488
224, 299
43 297
181 001
10, 0-18
27, 608
140 449
182, 932
46 054
136, 878
10, 192
4,071
22, 626
99, 989
6,299
119, 269
5, 856
117, 247
6,281
122,917
6, 556
119, 218
5,995
113,791
6, 669
125, 106
6, 112
116, 272
Magazine
advertising:!
Co y t, total
\pparel and accessories
Automotive incl accessories
Building materials
_
Drugs and toiletries
Foods, soft drinks, confectionery
Beer wine, liquors
-do
do
do
do
do
do
do
Household equipment and supplies
Household furnishings
Industrial materials
Soaps, cleansers, etc
Smoking materials
.
\H other
Linage, total
Newspaper advertising:
Linage total (52 cities)
Classified
Display total
Automotive
Financial
_
General
Retail
--
do
do
do
do
do
do
do
--
3,935
284
255
3,256
539
3, 725
2,617
1,094
5,109
7, 035
4,165
3,277
618
2,897
3,012
896
781
3 393
2^351
6 422
12.112
r
957
3 315
278
254
297
242
258
236
2, 648
2, 476
577
441
328
1,428
1,161
1,358
1,287
2,286
812
2,271
867
2,388
64, 830
5,013
6 237
3, 516
6 825
66, 705
6 004
5 769
69, 914
6 043
6 825
4,224
4,742
6 803
8, 499
6 736
2,743
4 586
9,905
2,490
4,217
216,155
6 501
7,199
9
r
3, 136
732
4Q9
33
240
457
573
963
180
44
136
9
2
26
97
12, 267
785
3 413
50 024
166,131
11,336
3,099
34, 084
117,611
' 10, 736
669
r
3, 187
r
r
217
228
2. 361 I
311 ]
1, 195
9, 567
761
2, 259
222
220
2, 453
460
1,080
709
575
1. 886
1, 537
38.001
867
2, 640
56 580
3 532
5 297
3, 653
6 960
8, 207
2, 416
5, 194
3, 734
4, 083
1, 862
1,889
17, 759
3 532
1, 847
3 813
1,406
1,914
14 003
1.803
4 082
1 615
1,564
17 192
4, 551
4,284
3, 214
3,104
933
51
181
14
3
33
130
264
778
486
147
065
979
295
8,407
234
55
178
14
2
34
126
644
689
955
647
905
896
506
r
3 923
1,749
5 446
6, 687
1.986
714
2, 777
844
1,227
9, 978
216 570
59 080
164' 540
15 129
2 921
31 312
115* 179
POSTAL BUSINESS
Money orders issued (50 cities):
Domestic:
Number
_ -_
Value
_-
-. thousands
thous. of doL
7 igo
PERSONAL CONSUMPTION
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:f
Goods and services total
bil of dol
231.2
229 7
230.5
233 1
Durable goods, total
\utornobilcs and parts
Furniture and household equipment
Other durable goods
do
do
do
do
30.3
13.5
12.9
3.9
28 0
11 7
12 6
28.0
11.6
12. 8
3.6
28
12
19
3
8
6
4
9
Nondurable goods, total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Semidurable housefurnishings
Tobacco
Other nondurable goods
do
do
do
do
do
do
do
118.6
19.4
71.9
6.7
2.5
5.2
12.9
118
19
71
6
2
5
12
7
5
9
9
4
1
9
118.8
19 5
72.0
6 9
2.4
5 2
12.8
120
19
-9
7
2
5
13
0
7
5
0
4
3
1
82.3
12.2
28.0
4.4
4.4
7.1
26.1
83
12
28
4
4
7
26
0
1
6
4
3
2
4
83 6
12 0
29. 0
4 4
4 5
7 2
26 5
84
1°
29
4
4
3
1
3
5
6
Services total
Household operation . _ _ _
Housing^ . _ _
Personal services
Recreation
_
Transportation
Other services. _ _
_
__
do
do
do ..
do.
do
do
do
3.7
26 7
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), totaL.mil. do ...
Durable-goods stores _
-_ _. do
Automotive group
do
Motor-vehicle, other automotive dealers
mil. of doL_
Tire, battery, accessory dealers
do
Furniture and appliance group
do
Furniture, hornefurnishings stores
do
Household-appliance, radio stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers, -do
Hardware stores
do
14, 385
5 378
3 068
14,176
5 189
2 838
14,082
5 003
9' 737
14, 951
5 319
2 926
13, 955
4 742
2,910
158
741
411
330
2, 690
148
785
435
350
2,594
143
724
389
334
2,770
156
830
475
355
2,388
961
725
236
964
736
228
943
712
231
968
711
256
8, 987
699
133
276
161
129
390
1, 188
9 080
840
156
324
192
167
377
1,147
9,632
902
177
361
205
158
394
1,134
Nondurable-goods stores
do
9 007
Apparel group
do
708
Men's and boys' wear stores
do
149
Women's apparel, accessory stores
do
277
Family and other apparel stores
do
151
Shoe stores.,
_. __
.
do
131
Drug and proprietarv stores
do
392
Eating and drinking places
do
1,181
r
Revised.
i Unpublished revisions for magazine advertising for January
t Revised series. Quarterly estimates have been revised back
services are shown as components of gross national product in
Supplement.
16, 444
4 Q44
9 279
12, 339
3 861
2 I'M
12, 065
4 070
2 254
13, 540
4 768
14, 324
4 963
o §41
14, 246
5 020
2 83°
14, 658
5 458
3 095
14.390
9 77]
-, / < I
2, 099
180
1,000
535
405
2,014
2, 644
127
690
398
292
2, 699
143
695
407
288
2. 9i36
670
364
307
2,142
112
652
362
290
2,695
143
813
465
348
137
739
444
296
159
758
438
319
2, 588
1.59
733
422
310
862
623
239
861
504
297
627
462
165
654
482
172
738
542
196
808
587
221
849
620
229
8t8
686
232
yty
11 500
1 364
9 900
9 368
9 r^3i
no
8 478
7 996
8 779
9 361
9 227
196
352
678
160
604
134
715
152
949
198
821
184
340
194
137
384 !
1, 05 J
524
291
196
271 !
132
115
297 1
143
194
407
988
401
962
1,004
379
188
185
398 '
1,035
337
149
152
516
250
116
103
.394
() 213
860 1
1, 096
406
1, 100 i
5 0'?';
9 747
t)87
233
204
154
326
163 !
1 59
406 :
1,134
283
147
r^s
d()7
1,221
1952-February 1953 will be shown later.
to 1939; annual data, to 1929. Revisions prior to 2d quarter 1953 for the grand total, total durable and nondurable goods, and
table 5 on pp. 8 and 9 of the July 1954 SURVEY; those for the subgroups will appear in the forthcoming National Income
SUEVEY OF CUKRENT BUSINESS
September 1054
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
1953
July
August
September
1954
October
November
Decem- January
ber
February
March
April
May
June
July
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail stores — Continued
Estimated sales (unadjusted)— Continued
Nondurable-goods stores — Continued
Food group
mil. of dol_ _
Grocery stores
do
Gasoline service stations
do
3,478
2,897
971
3,425
2, 858
960
3, 350
2,783
908
3,567
2,997
914
3,291
2,740
898
3,618
3,018
914
3, 357
2,837
855
3,112
2,607
800
3,340
2,799
870
3,422
General-merchandise group
do
Department stores, excl. mail-order. _ .do
Mail-order (catalog sales)
do_._Variety stores
do
Other general-merchandise stores
do
Liquor stores
-do
1,346
708
87
233
318
268
1,460
774
100
242
344
269
1,551
844
110
240
357
275
1,714
934
112
264
403
298
1,753
963
140
257
394
294
2,748
1,477
181
526
564
462
1,167
624
75
176
292
269
1,142
599
82
188
273
256
1,330
724
94
198
314
266
14, 469
5,102
2,836
14, 073
4,914
2,629
13, 982
4,865
2,667
14, 040
5,029
2,859
14,104
5,005
2,776
13, 932
4, 626
2, 509
13, 622
4, 436
2,285
13, 972
4,745
2,502
2.694
142
768
426
342
2,490
139
771
416
355
2,530
137
712
380
332
2,718
141
746
429
317
2,630
147
754
432
322
2, 365
144
738
418
320
2,148
137
784
443
341
872
637
235
900
671
229
880
657
223
856
618
238
893
657
236
820
597
223
9,367
900
196
357
196
152
9,159
812
168
320
193
131
9,117
796
168
310
175
144
9, Oil
768
155
299
169
146
9, 099
787
167
314
163
143
do
do
do
do
do
393
1,115
3,434
2,860
874
391
1,100
3,413
2,834
880
387
1,077
3,444
2,843
877
383
1,070
3, 400
2,842
897
General-merchandise group _
do
Department stores, excl. mail-order.. do
Mail-order (catalog sales)
_
do
Variety stores
do
Other general-merchandise stores
do
Liquor stores
do-
1, 636
874
119
286
356
283
1,595
868
109
264
353
279
1,548
832
103
262
352
285
22, 112
10, 706
11, 406
22, 448
10, 547
11,901
do
do
do
do
do
22, 743
10, 730
3,810
1,981
2, 555
do
do
do
do
Estimated sales (adjusted), total
do
Durable-goods stores
- -.
do
Automotive group
--do
Motor-vehicles, other automotive
dealers _
__mil.ofdoL
Tire battery accessory dealers
do
Furniture and appliance group
do
Furniture, homefurnishings stores do
Household-appliance radio stores
do
Lumber, building, hardware group
do
Lumber, building-materials dealers.-.do
Hardware stores
do
Nondurable-goods stores
do
Apparel group
do
Men's and bovs' wear stores
do
Women's apparel accessory stores
do
Family and other apparel stores
do
Shoe stores
__do
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations..
Estimated inventories:!
Unadjusted, total
Durable-goo^s stores. __
Nondurab^-goods stores
,
_
Adjusted, total
Durable-goods stores
Automotive
group
Furnitu r e and appliance group
Lumber, building, hardware group
Nondurable-goods stores
Apparel group
Food group
General-merchandise group
-do
do__ _
do__
Firms with 11 or more stores:
Estimated sale^ (unadjusted), total
do
Apparel group
__. _ do
Men's and bovs' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietary stores
do
Eating and drinking places
do
Furniture, homefurnishings stores
do
General-merchandise group
_do
Department stores
do
Dry-goods, other g e n e r a l - m e r c h a n d i s e
stores
__ mil. of dol
Variety stores
_ _
do
Grocery stores
do
Lumber, building-materials dealers
do._ .
Tire, batterv, accessory stores
do
Estimated sales (adjusted), total
do
Apparel croup .
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_.
3,447
2,886
955
3,385
2,833
989
3, 689
3, 121
1.052
1,567
863
94
249
361
266
1,478
819
86
222
350
262
1,514
830
96
231
358
250
1,334
697
13, 900
4, 858
2,738
14, 242
4,882
2,728
14, 044
4,730
2,581
14, 439
5, 024
2,826
14, 272
4,911
2, 640
2,349
153
779
453
326
2,595
143
758
433
326
2,582
146
111
440
337
2,449
132
769
436
333
2,682
144
740
423
317
2, 490
150
827
599
228
849
619
230
784
570
214
781
566
215
800
582
217
818
598
220
S46
614
231
9,306
868
188
354
167
158
9,186
845
187
339
163
156
9.228
878
199
341
177
162
9,042
807
196
308
164
140
9, 360
876
200
340
182
153
9,313
822
194
330
160
138
9, 415
885
207
354
179
146
P, 361
S55
184
348
178
145
394
1,054
3,375
2,838
910
408
1,064
3,432
2.890
933
430
1,066
3,378
2,857
936
416
1,099
3, 396
2,831
916
410
1,049
3,362
2,831
915
416
1,105
3,366
2,835
938
410
1, 102
3,434
2,872
954
412
1,128
3,434
2,860
956
403
1,141
3, 443
2,887
955
1,528
840
96
249
343
274
1,571
857
106
252
356
278
1,629
870
118
260
381
308
1,505
823
96
236
349
316
1,528
822
100
250
357
297
1,490
806
98
226
360
289
1,606
857
104
250
394
292
1,539
840
100
234
365
270
1, 581
854
103
249
374
280
1, 569
862
104
250
353
277
23, 023
10, 615
12, 408
23, 584
10, 589
12, 995
23, 628
10, 459
13, 169
21, 208
9, 876
11,332
21, 369
10, 233
11, 136
22, 046
10, 476
11,570
23, 321
10, 913
12, 408
23, 351
11,080
12, 271
23,016
10, 898
12,118
22, 131
10, 489
11, 642
21,847
10, 229
11,618
22, 775
10, 624
3,737
1,987
2,531
22, 924
10, 921
3,937
2,038
2,520
22, 720
10, 727
3,875
2,028
2,424
22, 437
10, 574
3,768
1,994
2,419
22, 661
10, 668
3,748
2,039
2,495
22, 521
10, 688
3,895
1, 984
2, 437
22, 421
10, 584
3, 868
1,994
2, 351
22, 563
10, 486
3,807
2,013
2,313
22,690
10, 412
3,773
1,992
2,315
22, 804
10, 502
3,821
2.018
2, 322
22, 600
10, 383
3,751
2, 001
2, 302
22, 408
10,180
3, 663
1, 923
2, 294
12,013
2,628
2, 214
3,923
12,151
2,593
2, 352
3,897
12, 003
2,573
2,324
3,842
11,993
2,573
2,314
3,857
11,863
2,527
2,289
3,823
11,993
2, 521
2,344
3,858
11, 833
2,594
2, 394
3, 673
11,837
2, 612
2, 416
3, 668
12,077
2,726
2,437
3, 732
12, 278
2,811
2,578
3,665
12,302
2,713
2, 586
3,738
12,217
2, 685
2, 566
3,721
12,228
2, 715
2, 533
o, 730
2,460
142
11
59
49
63
61
24
2,501
138
10
59
46
62
59
27
2,524
171
13
65
59
60
60
25
2,760
188
18
73
57
64
59
30
2,587
176
20
69
48
60
53
32
3, 457
287
35
113
81
88
57
33
2,240
120
12
45
37
60
50
2,150
113
10
45
36
57
49
25
2,429
155
14
58
48
59
54
31
1
i 2, 603
165
14
66
57
61
55
32
i 2, 605
171
16
65
61
61
57
28
i 2, 643
139
11
58
52
(13
58
28
652
306
705
325
726
335
798
372
801
352
1,282
509
501
223
510
220
604
278
737
346
697
347
729
354
314
92
172
1,038
67
57
107
182
1,035
68
55
107
183
1,014
71
47
121
202
1,132
70
53
121
199
1, 001
58
49
194
410
1, 129
50
72
76
133
1,097
41
37
71
144
1,000
47
39
84
155
1, 086
54
43
108
198
1,128
60
50
96
174
1, 114
64
49
104
182
1, 069
70
59
94
175
1, 206
70
58
2,635
184
18
73
61
64
60
26
2,572
169
16
69
55
63
57
26
2,562
165
15
63
55
63
59
25
2,532
168
15
65
54
63
57
27
2, 569
173
17
68
51
63
55
30
2 620
188
20
75
56
63
54
23
2,543
164
14
64
54
62
54
29
2,585
167
14
67
54
62
56
30
2,584
167
15
62
56
61
55
30
i 2, 613
175
16
69
56
64
55
29
i 2, 595
160
14
63
53
63
54
28
12,619
167
16
66
54
63
55
28
i 2, 652
164
15
67
54
64
2,866
903
2, 687
212
18
81
73
62
54
27
228
332
280
447
328
32
782
723
698
716
735
General-merchandise group
do
760
740
702
736
693
730
718
715
359
321
317
Department stores
do
328
317
318
338
344
322
324
336
312
330
Dry-goods, other general-merchandise
104
103
109
105
stores
mil. of dol
109
130
103
104
99
105
106
105
107
208
190
198
196
199
Variety stores
do
203
199
192
187
186
195
191
190
1,045
1,059
1,044
1,066
1,060
Grocery stores
do
1,064
1,088
1,082
1,098
1,087
1,128
1, 120
1,090
62
61
53
56
Lumber, building-materials dealers
do
57
59
62
(3
62
56
61
61
60
51
52
47
Tire, battery, accessory stores
do
47
50
50
52
51
49
48
51
54
]
' Kcvised.
Excludes motor vehicle dealers' sales; such data are a so exclude d from thi s series for months pr ior to Apn 11954. M otor vehicl e dealers' sales for Ap ril through July (miL
dol.): Unadjusted— 21; 18; 20; 16; adjusted— 20; 16; 18; 16.
fRevised ser ies. See c<)rrespondiiig note on p. S-3.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1054
1953
July
August
Se
be?m"
1954
October
November
December
January
February
March
April
May
{
June
July
DOMESTIC TRADE—Continued
RETAIL TRADE —Continued
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49=100
Instalment accounts
do
Ratio of collections to accounts receivable:
Charge accounts..
percent. .
Instalment accounts 9
-do
Sales by type of payment:
Cash sales
percent of total sales. _
Charge account sales
do
Instalment sales
do
Sales unadjusted total U S i
1947-49 = 100
Atlanta
do
Boston
do
Chicago
do
Cleveland
do
Dallas
do--.Kansas City
do. _.
Minneapolis
do
New York
do
Philadelphia
do
Richmond
do
St Louis
do
San Francisco
do . .
Sales adjusted total U. S.J
.
do
Atlanta
- do
Boston
do
Chicago
do
Cleveland
(Jo
114
214
113
218
125
222
132
229
146
238
194
259
159
252
138
243
127
236
131
236
130
233
130
232
1 17
226
46
13
45
14
46
14
48
14
14
46
14
45
13
43
14
48
15
45
14
46
14
47
14
45
14
47
42
11
89
102
76
89
89
" 105
47
42
11
98
114
79
98
104
116
104
97
75
92
97
100
109
112
130
99
109
120
127
112
102
99
116
114
110
113
46
44
10
112
122
112
113
114
119
109
110
102
108
121
109
111
107
119
105
106
109
112
103
100
98
104
114
102
110
46
43
11
115
130
107
112
115
128
114
118
110
114
122
119
111
110
128
107
109
110
122
108
103
104
106
117
108
111
46
44
10
136
146
129
137
142
144
129
121
129
142
144
136
131
113
128
107
113
115
127
112
105
102
108
118
114
112
48
43
9
192
219
194
188
187
209
189
171
178
188
211
185
195
112
127
108
115
112
125
114
107
101
108
121
113
109
47
42
11
83
94
83
82
80
94
83
75
81
80
80
83
85
107
122
105
106
104
119
110
104
101
106
109
108
108
46
43
11
86
101
81
83
80
98
86
83
83
84
89
88
86
109
123
109
107
104
121
109
108
102
111
117
112
107
46
43
11
89
110
86
86
82
102
90
79
85
91
97
92
88
105
117
102
101
92
115
103
95
99
106
118
108
111
46
44
10
110
129
108
109
105
119
110
101
101
109
123
112
107
111
127
105
111
104
120
113
100
102
109
122
114
111
47
43
10
106
120
102
108
98
119
109
104
98
104
113
106
107
108
122
102
108
98
123
109
104
100
105
114
106
114
46
44
10
106
114
)0b
108
100
112
108
86
T 99
104
47
\j
\\
126
131
132
128
141
128
142
127
109
123
108
120
114
119
126
121
127
120
126
121
116
122
339, 713
89, 164
250, 549
351, 988
91, 513
260, 475
377, 007
99, 860
277. 147
373, 870
98, 349
275, 521
511,657
138, 930
372, 727
231,649
52, 587
179,062
228, 687
53, 131
175, 556
278, 044
67, 406
210, 638
333, 209
83, 562
249, 647
335, 726
78, 109
257, 617
352, 655
81 318
271 337
313, 704
312.7
278.3
330.8
291.8
391.4
339. 2
317.3
368.4
315.1
400.0
335.3
295. 9
358.6
315. 0
403.7
308.7
293.8
323.6
292.8
356.0
333.5
311.5
377.7
320.5
396.8
288. 5
270.9
300. 2
277.5
353. 0
427.3
434. 6
468. 2
400.8
461. 7
324.7
305. 6
339. 8
305. 0
368. 2
541.0
487.5
560. 9
520. 4
648.6
353.4
314.5
386.0
341.9
407.2
235. 7
212. 2
251.1
225. 4
275.4
310.0
279.2
326.1
296.6
377.2
252.3
222.7
269.2
234.1
284.3
307.6
281.9
324. 3
296.3
364. 5
260.7
237.2
287.2
244.6
299.4
299.6
266. 5
330.1
281.2
3712
293.3
254.6
314.3
274.6
344.4
322.3
268.0
349.2
295.2
378.5
272.3
248.8
284.1
253.7
329.2
309.4
282.7
338.2
281.9
378.4
291 1
254 4
292 4
289 1
354.9
313. 0
276 5
324 9
310 9
369 7
240 7
20° 9
252 5
^30 2
329 4
312.6
281 8
323 7
299 0
379 3
9, 386
3, 096
6, 290
11,750
6,094
5, 656
9,759
3,296
6, 463
12,013
6,077
5, 936
9. 907
3.344
6, 563
12,214
6,044
6, 170
9,231
2. 973
t>, 2o8
12, 153
5, 902
6,251
9,152
2,959
6, 193
11,697
5, 678
6.019
8,014
2,425
5,589
11,937
5. 863
6.074
8,103
2,628
5,475
11,914
5, 947
5,967
9,135
2, 928
6,207
11,843
6, 053
5. 790
8, 751
2,902
5,849
11,601
6,022
5, 579
8,526
2,781
5,745
11,553
6. 04')
5.513
9, 465
3 060
6, 405
r
11,488
r
5, 881
T
5. 607
9,539
2 875
6.664
11.503
5.720
5, 783
ai
84
75
83
«• 98
86
101
113
127
106
110
114
r 125
Dallas
do111
Kansas City
do
105
Minneapolis
-do104
New York
do
117
Philadelphia
do._
'122
Richmond
do
107
St Louis
-.
.
do
117
San Francisco
do
Stocks, total U. S., end of month:t
121
Unadjusted
do._
130
Adjusted
-do
Mail-order and store sales:
316,
298
Total sales, 2 companies
thous. of dol. .
78, 977
Montgomery Ward <fc Co
do
237, 320
Sears Roebuck & Co
do
Rural sales of general merchandise:
262.6
Total U S unadjusted
1 935-39=100 __
228.4
East
-...do....
269.1
South
.--do
250.9
Middle West
-do
349.5
Far West
do
353.9
Total II. S., adjusted
do
322.6
East
-do...
374. 3
South
do
335.9
Middle West
do....
428.3
Far West
_
do
WHOLESALE TRADE
10, 186
Sales, estimated (unadj ), total t
mil. of dol..
3, 160
Durable-goods establishments
do
7, 036
Nondurable-goods establishments
do
11,607
Inventories, estimated (unadj.), total t
do.._.
6, 107
Durable-goods establishments _
do..
Nondurable-goods establishments
do. . - . 5, 500
r 1J2
110
105
112
129
106
110
107
127
115
103
102
10q
120
122
114
r
T
g^
pp ]Q^j
P 8K
P 89
•t, 111
p <^7
p gCJ
p 73
p r-g
p 93
p Of)
p ^QQ
p ||2
p 139
p i 07
106
1 AC
132
p i io
103
104
1 13
P \^>4
EMPLOYMENT AND POPULATION
1953
July
August
Septem- October Novem- Decem- January
ber
ber
ber
19 54
February
March
April
May
June
:
July
August
POPULATION
i
Population, continental United States:
Total, incl. Armed Forces overseas ®
thousands.. 159,629 159, 889 160, 154 160, 408 160, 654 160, 873 161, 100
161,331
161, 542
161, 763
161, 969 162.187 | 162,414 162, 670
EMPLOYMENT
Noninstitutional population, estimated number 14
115, 132 115,232 1 115. 342 115,449 115,544 115,634 115,738 115,819
115, 914
115,987
116,083 116, 153 ! 116 219 1 ' 6 32')
years old and over, total cf§
- thousands
Total labor force, including Armed Forces:!
66 292
67 139
67 438
(New sample) do
67 218
67 786
68 788 • 68 8*M
68, 238 i 67, ~127
66, 954
66, 874
66, 106
68, 258
65, 589
(Old sample)
do
66, 905
63 725
62 840
64 063
63 825
64 425
Civilian labor force total (New sample) do
65 445
ti5 494
6 - fro.-)
64, 648 i 63, 552
63, 353
62, 6~14
63, 491
62, 137
(Old sample) , .do,. . 64, 668
63, 404
f>() <y~,'
59 753
60 055
61 119
Employed (New sample)
do
60 598
60 100
62 098 i h2 148
65, 408 i 62. 306
62, 242
61. 925
(Old sample)
... do
59, 778
6S, 120
60, 764
60, 106
Agricultural employment:
5, 284
5, 704
(New sample) do
6,822
6,076
5,875
7 628 i - 486
6 928
7, 159
7 27A 1 7( 9$%
7,628
6, 651
5,626
5, 438
(Old sample), .do
5, 345
Nonagricultural employment:
54
47Q
i
54
001
54, 351
54. 469
54 225
(New sample) do
54 522
54 297
55 349
55, 083
55, 326
55, 274
(Old sample)
do.... 55,492
56, 134 i 55, 044
54, 480
54, 4M
1.301
1,699
3,671
1,240
1,321
3,087
3, 347 I 3 346
2. 313
Unemployed (Newsample)§
„
do_ ..
3,725
3,465
3,305
3 9_*0
45
6,
!
/, 246
1,548
1,240
1,850
1. 162
1,428
3, 385
2, 359
(Old sample)
do
;
49 447
48 679
48 297
Not in labor force (New sample)
do
48 549
48 696
47 365
47 395
47 473
!
48, 495
48, 671
49, 528
48, 915
50, 149
(Old sample) ...
do
46, 994 i 48, 215
46, 874
r
Revised.
* Preliminary.
i See note marked "<?" for this page.
9 Revised beginning 1953; not strictly comparable with earlier data.
JData for 1946-53 have been revised to
reflect changes in seasonal factors and other minor changes. Unpublished revisions (prior to July 1952) will be shown later.
fRevised series. See corresponding note on p. S-3.
®Minor changes have been made for May 1950-Octeber 1951. Revisions for November 1951-December 1952 appear at bottom of p. S-10 in the March 1954 SURVEY.
cf Beginning in January 1953, materials from the 1950 Census have been used in estimating the labor force statistics. Accordingly, the figures prior to January 1953 are not entirely comparable with those for subsequent months. In September 1953, a further revision in the estimating procedure was introduced which raised the level of agricultural employment by roughly
200,000 (and conversely lowered the level of nonagricultural employment by approximately 200,000). See note ac bottom of p. S-10, February 1954 SURVEY, for rough adjustment factoVs for use
in comparing the 1953 estimates with earlier data.
§Beginning with data for January 1954, the Bureau of the Census has released preliminary estimates of the labor force based on a new sample. The new sample, like the old, consists of
25,000 households, but is more widely distributed in 230 areas covering 450 counties (the old sample comprises 68 areas in 123 counties). Since it is believed that the 230-area sample yields
more accurate results, collection o f data based on the old sample was discontinued a f t e r February 1954. Tentative adjustments for unemployment for the period September-December 1958
are shown for rough comparison with data beginning January 1954.
SURVEY OF CUEEENT BUSINESS
September 1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July
August
September
S-ll
1954
|
October
November
December
January
February
Marcfe
April
May
1
June
July
v 48, 150
p 15, 888
v 9, 121
v 6, 767
P748
MOO
"28
P214
p 47, 824
P 15, 638
p 8, 873
P 6. 765
P 735
p 100
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees in nonagricultural establishments: 9
Total, unadjusted (U. S. Dept. of Labor)
thousands ..
Manufacturing
. do
Durable-goods industries
do
Nondurable-goods industries
do
Mining, total
do
Metal
-- do
Anthracite
do
Bituminous coal
-- do
Crude-petroleum and natural-gas production
thousands ..
Nonmetallic mining and quarrying
do
Contract construction
do
Transportation and public utilities
do
Interstate railroads
do
Local railways and bus lines
do
Telephone
-_ __
do
Telegraph
do.
Gas and electric utilities
do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade
_
do
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers. _ .do .
Finance, insurance, and real estate
do
Service and miscellaneous
_.
do
Hotels and lodging places
-do
Laundries.-.
do
Cleaning and dyeing plants
-..do..-.
Government
do
Total, adjusted (Federal Reserve) 9 . _
do
Manufacturing
do
Mining
__ do
Contract construction
do
Transportation and public utilities _
do
Wholesale and retail trade..
do
Finance, insurance, and real estate
do
Service and miscellaneous
do
Government
do
Production workers in manufacturing industries: 9
Total (U. S. Dept. of Labor)
thousands.
Durable-goods industries
do
Ordnance and accessories
-. do
Lumber and wood products (except furniture)
thousands. .
Sawmills and planing mills
. do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown
thousands-Primary metal industries - .
do
Blast furnaces, steel works, and rolling
mills
thousands. _
Primary smelting and refining of nonferrous metals
thousands-.
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands ..
Heating apparatus (except electrical) and
plumbers' supplies
thousands
Machinery (except electrical) _
do
Electrical machinery
do
Transportation equipment.
do
Automobiles
do
Aircraft and parts
....
do
Ship and boat building and repairs do._.
Railroad equipment ..
. do
Instruments and related products _
do.
Miscelhineous mfg. industries
do
Nondurable-goods industries
Food and kindred products _
Meat products
Dairy products
Canning and preserving. ...
Bakery products
Beverages^-.
Tobacco manufactures ._ _. ._
Textile-mill products
Broad- woven fabric mills
.
do
do
do
do
do
do
do
do
do
do
49, 716
17, 336
10, 190
7,146
836
106
49
275
49, 962
17, 537
10, 192
7,345
844
105
50
276
50, 200
17, 510
10, 145
7,365
839
105
50
276
50, 180
17, 301
10, 072
7,229
826
105
49
269
49, 851
16, 988
9,897
7,091
829
105
49
271
50, 197
16, 765
9,773
6,992
822
106
49
266
48, 147
16, 434
9,591
6,843
805
104
46
261
47, 880
16, 322
9,480
6,842
790
103
45
252
47, 848
16, 234
9,389
6,845
772
102
42
237
48, 068
16, 000
9,260
6,740
749
98
39
220
298
107
2,768
4,283
1,410
128
716
44
564
303
109
2,825
4,274
1,407
127
710
43
566
298
109
2,866
4,265
1,394
126
704
43
560
295
108
2,889
4,257
1,383
128
706
44
556
297
106
2,789
4,216
1,354
128
705
43
556
298
104
2,632
4,187
1,329
127
704
43
556
295
99
2,349
4,069
1,266
127
701
42
555
291
98
2,356
4,039
1,244
126
701
41
554
292
99
2,415
3,992
1,215
126
700
41
555
291
101
2,535
4,008
1,206
125
700
42
556
292
' 103
' 2, 634
1,216
124
699
41
557
P301
v 104
p 2, 730
v 4, 029
p 1,228
P122
P699
p41
P563
10, 414
2,773
7,641
1,334
1,386
820
2,067
5,607
596
347
168
6,405
10, 392
2,770
7,622
1,340
1,376
825
2,067
5,601
596
343
163
6,422
10, 523
2,774
7,749
1,403
1,386
823
2,041
5,566
525
338
167
6,590
10, 669
2,808
7,861
1,476
1,405
827
2,040
5,506
490
338
170
6,692
10, 828
2,831
7,997
1,581
1, 415
830
2,034
5.467
'477
337
170
6, 700
11,361
2,830
8,531
1,960
1,429
839
2,040
5, 435
475
335
167
6,955
10, 421
2,794
7,627
1,369
1,401
825
2, 033
5,377
467
333
165
6,659
10, 310
2,792
7, 518
1,305
1,406
818
2,044
5,380
474
330
163
6,639
10, 305
2,780
7,525
1,319
1,399
812
2, 057
5,406
474
329
164
6,667
10, 496
2,762
7,734
1,409
1,420
808
2,075
5,506
488
331
171
6,699
10, 375
r 2, 746
7,629
' 1, 339
'1,416
809
2,081
5, 563
'502
'334
171
6,701
p 10, 424
2,757
7,667
1,333
1,422
p811
2, 106
5,600
P526
P337
P173
P 6, 625
p 10, 379
p 2, 779
P 7, 600
p 1, 290
p 1,413
P812
P 2, 126
P 5, 643
49, 905
17, 507
844
2,611
4,251
10, 544
2,036
5,524
6,588
49, 849
17, 400
836
2,616
4,243
10, 548
2,036
5,518
6,652
49, 707
17, 263
835
2,679
4,247
10, 523
2,041
5,484
6,635
49, 711
17, 125
826
2,725
4,245
10, 563
2,050
5,506
6,671
49,422
16, 901
825
2,708
4,205
10, 577
2,044
5,494
6, 668
49, 109
16. 704
818
2,686
4,176
10, 579
2,050
5, 490
6,606
48,812
16, 497
805
2,581
4,118
10, 577
2,054
5,487
6,693
48, 607
16, 349
794
2,618
4,087
10, 543
2,065
5,490
6,661
48,441
16, 262
772
2,654
4,012
10, 552
2,067
5,488
6,634
48, 268
16, 122
753
2,641
4,015
10, 524
2,075
5,506
6,632
48, 178
16, 039
744
2,634
4,011
10, 494
2,081
5,508
6,667
48,119
15, 997
744
2,625
4,013
10, 491
2,085
5, 517
6,647
p 47, 997
p 15, 785
P 742
P 2, 636
P4,()12
p 10, 509
P 2, 095
P 5. 560
P 0, 658
13, 875
8, 194
199
14, 070
8,195
194
14, 061
8,161
194
13, 852
8,088
193
13, 534
7,910
187
13,319
7,791
184
13, 002
7,616
177
12, 906
7,520
165
12, 818
7,430
150
12, 590
7,309
137
' 12, 437 p 12, 484
' 7, 208 p 7, 180
' 125
p 120
P 12,233
r 6, 933
p 118
727
397
314
458
731
399
315
466
721
393
315
467
713
388
313
465
695
377
308
459
654
359
301
448
617
344
293
428
627
343
292
427
643
347
290
429
649
351
283
428
679
361
277
427
P704
P 596
P372
P275 ~~"V274~
P428
P 424
82
1,143
85
1,138
86
1,129
86
1,112
86
1,088
83
1,074
77
1,049
78
1,027
78
1,010
78
991
78
976
p77
P985
571
572
561
555
542
534
522
511
502
491
'483
P490
50
50
51
50
49
48
48
49
48
47
'47
p48
934
942
939
924
902
875
874
864
852
840
'833
P830
107
1,295
918
1,559
779
575
135
60
242
405
108
1,268
932
1,547
758
584
132
63
240
422
108
1,262
941
1,520
721
596
132
62
242
430
107
1,254
933
1,507
715
592
128
62
242
434
102
1,240
913
1,449
686
567
128
59
243
425
97
1,238
883
1,487
707
586
126
60
241
407
92
1,230
855
1,470
677
602
125
59
237
386
91
1,220
839
1,435
655
596
122
55
233
393
91
1,202
827
1,409
637
592
120
53
229
389
89
1,187
811
1,380
625
585
116
48
224
380
90
1, 165
791
1,342
'601
'575
115
p92
p 1,150
P778
P ) , 321
P592
P570
pill
p42
P215
P374
5,681
1,202
252
90
264
183
134
84
1,085
507
214
5,875
1,289
253
89
343
181
138
105
1,093
503
217
5,900
1,326
254
84
372
182
135
112
1,088
502
216
5,764
1,224
263
79
253
182
130
109
1,067
493
211
5, 624
1,149
273
76
184
180
125
101
1,046
485
204
5, 528
1,083
267
74
149
177
120
104
1,028
477
199
5,386
1,024
256
73
132
173
115
97
997
466
190
5,386
1,009
250
74
125
175
112
90
995
463
194
5,388
1,009
246
77
126
174
115
84
989
460
193
5,281
1,011
241
80
135
174
117
82
979
455
192
' 5, 229
' 1, 031
239
84
'144
' 172
122
82
'969
' 452
192
' 47, 935
r 15, 836
9,152
r 6, 684
^737
99
29
213
r 4, 008
r 44
220
374
p 5, 304
p 1,078
P247
P88
P163
P174
pl28
P82
p 980
P457
P!%
P202
P 105
p 2, 794
p 4, 041
p 6, 46S
P 971
p 810
p I, 113
p 771
P 1, 285
P 209
P 302
P 5, 300
p 1, 148
P83
P953
Apparel and other finished textile products. _
_
thousands
1,066
1,121
1,099
1,103
1,085
1,084
1,088
1, 062
1,101
p989
1,030
985
P977
Men's and boys' suits and coats
do
114
125
125
124
121
121
122
119
121
110
pllO
105
Men's and boys' furnishings and work
clothing ._
_ - _ . thousands
279
294
292
290
285
275
268
271
275
268
P263
261
Women's outerwear
do
310
330
311
313
312
331
344
333
349
314
P283
287
Paper and allied products
do
439
447
450
448
446
442
438
437
436
'433
433
P436
P430
Pulp, paper, and paperboard mills.. do....
219
221
222
221
220
221
219
218
219
p219
217
218
Printing, publishing, and allied industries
thousands. .
507
510
521
525
522
525
514
514
517
'515
P518
516
P514
Newspapers
do
144
144
147
147
147
148
142
143
146
146
'147
pl47
Commercial printing
do
165
164
168
170
169
173
171
169
168
168
'167
P168
Chemicals and allied products
do
546
550
555
552
548
540
540
536
534
539
525
P518
P514
Industrial organic chemicals
do
227
229
226
222
220
217
214
207
204
202
201
P201
' Revised.
v Preliminary.
9 Data for employment and hours and earnings have been revised et 'ective wit h the June 1954 STJR\ EY to adju st to the fi rst quarter
benclimark. R evisions btjginning 19 51 (except
for adjusted employment) are available upon reques t to the D ivision of JV f empower a nd Employ ment StatL tics, Burea u of Labor Statistics, t 1953 Depar
tment of Lcibor:> back f igures for t he seasonally adjusted employment series, further revised in the Augus t 1954 SUEVEY, are a^Bailable up on request to the Boa rd of Gover nor*, Feder7.alS.
Reserve System.
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1954
1953
July
August
September
1954
October
November
December
January
February
March
April
June
May
July
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Production workers in mfg. industries?— Con.
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries— Continued
Products of petroleum and coal
thousands..
Petroleum refining
._do
Rubber products
- do
Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Manufacturing production-worker employment
index, unadjusted (U. S. Dept. of Labor) 9
1947-49=100..
Manufacturing production-worker employment
index, adjusted (Federal Reserve) 9 .1947-49=100..
190
144
219
94
343
223
191
145
221
93
349
227
112.2
113.8
113.6
112.7
Miscellaneous employment data:
Federal civilian employees (executive branch) :cf
United States, continentalthousands. _ 2, 255. 1
218.6
Washington, D. C., metropolitan area. -do
Railway employees (class I steam railways) :
1,274
Total
thousands _ _
Indexes:
121.5
Unadjusted
1935-39= 100. .
118.9
Adlusted
do
185
141
216
90
334
213
184
141
210
87
334
215
181
139
209
87
332
219
178
138
206
86
332
222
178
138
203
85
339
225
177
137
199
85
338
226
176
137
195
83
325
218
113.7
112.0
109.4
107.7
105.1
104.3
103.6
101.8
100.5
p 100. 9
p 98. 9
111.7
110.6
108.7
107.1
105. 6
104. 6
103.8
102.7
102.1
plOl.8
p 100. 2
2, 157. 9
207.7
2, 149. 0
207.3
2,147.3
207.2
2,141.6
206.9
2. 1?6. 0
' 206. 5
2, 134. H
188
143
221
93
341
220
'179
' 138
197
84
'•SIS
'211
r
v ISO
p 139
p 199
p 86
p 324
p 218
pl82
p 173
p 328
2, 231. 9
215.4
2, 204. 6
213.0
2, 179. 4
210.5
2,177.0
209.6
1,271
1,258
1,248
1,222
1,190
1, 139
1,114
1,089
1,081
1.091
1, 104
1, 107
121.2
118.7
120.0
117.1
119.0
115.2
116.4
115.4
113.2
115.0
108.6
112.9
106.2
108.9
103.8
106.5
103.1
104.8
104.1
104. 5
P 105. 2
v 103. 8
p 105. r>
p 103. 4
151.1
154.0
153.4
152.6
148.0
147.2
140.8
140.5
138.4
135.0
135.1
p 136. 7
P 132.5
40.3
40.8
41.2
40.5
41.1
40.9
39.9
40.6
41.0
40.3
41.0
40.9
40.0
40.6
39.9
40.2
40.8
40.9
39.4
40.1
40.0
39.6
40.2
40.0
39.5
40.0
40.2
39.0
39.7
39.7
39.3
39.9
40.0
P 39. 6
P 40. 0
P40. 3
P39.4
40.7
40.4
39.9
40.8
39.0
40.9
40.8
41.1
40.9
41.1
39.8
41.0
40.1
40.4
40.5
40.4
39.3
40.2
40.8
41.1
41.1
41.2
39.7
40.3
40.0
40.1
40.7
40.6
39.4
39.8
40.2
40.4
40.7
40.7
39.4
39.8
39.4
39.2
39.6
39.7
39.0
39.3
40.1
40.2
40.1
40.4
39.6
38.6
40.0
40.6
40.1
40.4
39.6
38.0
40.2
40.6
39.1
40.1
38.3
38.0
39.9
40.5
38.8
MO. 4
'39.0
'38.4
P 40. 6
P 41. 3
"39. 7
MO. 4
P 38. 8
40.8
41.0
40.0
40.2
39.6
39.2
38.9
37.8
36.8
37.1
'37.6
J-38.4
41.2
41.2
41.3
41.4
41.7
41.9
41.7
40.6
39.9
39.8
'40.0
MO. 2
41.3
41.4
40.7
41.3
41.0
41.5
40.7
40.6
40.4
40.1
40.7
"40. 7
40.1
41.7
40.1
40.8
40.7
41.5
39.5
38.8
40.6
39.7
40.0
41.9
40.7
41.2
41.2
41.8
39.4
38.5
41.1
40.6
39.0
41.7
40.5
40.3
39.9
41.4
38.1
39.0
41.2
40.1
40.3
42.0
40.4
40.9
40.8
41.6
38.5
39.5
41.4
41.0
39.3
41.6
40.3
40.4
40. 1
41.6
37.8
38.7
41.3
40.7
39.8
42.0
40.2
40.7
40.1
41.8
39.6
39.6
41.3
40.7
38.6
41.2
39.3
40.5
41.0
40.6
38.0
39.2
39.9
39.4
39.3
41.3
39.9
40.2
39.5
41.2
39.0
39.5
40.4
40.1
39.3
41.1
39.6
40.1
39.5
41.0
39.4
39.2
40.2
40.0
38.4
40.5
39.2
40.2
40.4
40.5
'38.8
38.5
39.6
39.2
'39.4
40.6
39.5
' 40. 6
'40.9
40. 7
39. 1
'38.5
39.6
'39.4
P 40. 0
P 40. 5
P 39. 6
P 39. 9
^39. 3
v 40 7
P 39. 1
"39 1
P 39. 8
P39. 7
39.6
41.7
40.7
44.7
40.3
41.6
43.1
37.4
39. 1
39. 5
37.2
39.6
41.3
40.6
44.2
40.1
41.4
41.9
38.9
39.0
39.2
37.7
39.0
41.9
41.4
44.2
41.3
41.8
41.7
39.1
37.7
37.9
36.0
39.3
41.5
42.1
43.2
40.1
41. 3
40. 7
39.4
38.2
3S.3
37.6
39.1
41.4
43.2
43.0
37.0
41.0
39.9
38.3
38.2
38.5
37.2
39.3
41.3
41.6
43.5
37.9
41.0
40.1
39.3
38.4
38.6
37.1
38.5
40.9
41.5
43.1
37.7
40.8
39.3
36.2
37.4
37.5
36.1
38.8
40.5
39.7
43.3
37.5
41.0
40.0
35.9
38.0
37.9
37.0
38.8
40.4
39.7
43.2
36.7
40.8
40. 1
36.0
38 0
38.0
36.9
38.1
40.2
39 5
43.3
36.2
40.9
40.5
36.3
37 1
37.2
35.6
38 5
40. 8
40 4
'43. 4
' 38 0
41.0
40.3
37.3
37 3
37. 1
36. 1
P 39 0
P 41. 4
P 41 1
P 44 7
P 38 5
P41.4
P 41 1
p 3S 3
P 37 8
P 37 7
i 2, 454. 6
1212.9
2, 134. 5
205.8
r
206.2
PAYROLLS
Manufacturing production-worker payroll index,
unadjusted (U. S. Dept. of Labor) 91947-49=100..
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) : 9
All manufacturing industries
. _ _ .. hours..
Durable-goods industries
do
Ordnance and accessories
do
Lumber and wocd products (except furniture)
.
-- hours .
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Glass and glassware, pressed or blown.do
Primary metal industries
do
Blast furnaces, steel works, and rolling
mills
hours
Primary smelting and refining of nonferrotis
metals
hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment) .hours. .
Heating apparatus (except electrical) and
plumbers' supplies
_ _ . hours. .
Machinery (except electrical)
do__
Electrical machinery
do
Transportation equipment
do_.
Automobiles
do
Aircraft and parts
do
Ship and boat building and repairs do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
do
Nondurable-coods industries
do.
Food and kindred products
do
Meat products
do
Dairy products
do__
Canning and preserving
do
Bakery products .. _. _ . „ . __ do
Beverages
_
. do__
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
_.
do__
Knitting mills
do
.
r
r
p 39. 7
p 39. 9
p 40. 6
p 39. 5
P 40.4
J>39. 0 ~~"V38.~5~
P 40. 0
P 40. 1
p 39. 1
P39.8
p 39. 7
p 39. 1
P 39 o
"41.5
p 37 S
" 37 7
Apparel and other finished textile products
35. 6
36.1
34.9
36.6
36.0
34.8
35. 9
36.1
hours. _
36.2
' 34. 9
34.3
P 3,5. 0
p 35. 2
36. 2
35.4
37.4
36.8
35.7
34.9
36. 6
36.0
Men's and boys' suits and coats
do._ .
32 9
35.6
'32 9
P 33 9
Men's and boys' furnishings and work
36.1
37.3
36.9
35.8
36.7
34.4
35.7
35.9
clothing _ __
_
hours
' 31 S
36 1
34 6
32.5
35.3
34.1
34.6
34.3
P 33 9
34.5
35.5
35.7
Women's outerwear
.do_.
35.9
33 8
'34 8
41 G
42.7
43.3
43.2
42.9
43.0
41.9
42.8
p 40 5
41.9
Paper and allied products
do
42 1
42 1
p 42 4
44.4
44.0
43.7
44.5
43.8
43.4
43.3
44.0
Pulp, paper, and paperboard mills._.do
43.4
43.2
42.8
v 43. 7
Printing, publishing, and allied industries
38.9
38.9
38.7
38.8
39.0
38.4
39.3
38.2
hours..
38.6
38.1
p 3X. 3
38.2
P 38. 4
•p 3p( ^
r 35 I
36.2
Newspapers.
do
36. 3
36.0
36.0
36.3
37.4
35.6
35 6
35 7
35 9
40.2
40.1
40.0
40.0
Commercial printing
do
40. 1
39.9
40.5
39.3
39.8
' 39. 1
39.3
T>
k)'
i
p
P 40 9
41.2
41.4
41.1
41.0
Chemicals and allied products
do.
41.3
41.5
r 40 9
41. 1
41. 1
41 1
41 1
41 *
40.6
40.8
40.4
40.1
41.0
Industrial organic chemicals
do
40.5
40.4
40.7
40.2
40.3
40.5
P 41.0
P 41 \
41.4
41.2
40.8
41.1
40.8
Products of petroleum and coal .
do_
40.5
40.7
40. 3
40 3
40 2
41 2
P 41 4
41.2
40.7
40.6
40.3
Petroleum refining
do
40.7
40.5
40.2
40.7
40.2
40.2
'41.0
P 41.0
r
39
7
39.0
40.5
39. 4
39.8
Rubber products
_ do
39. 1
P
J.(|
^
39.2
38.9
38.7
38 7
38 5
p 39 5
39.1
40.2
38.5
37.8
37.8
Tires and inner tubes
do
37.5
37.3
37.4
36. 6
'39.4
37.9
P 40. 9
35.5
37.8
38.1
36.0
36. 1
Leather and leather products
do
37.6
37.7
38.0
37.7
' 35. 4
35.6
P 36. 7
p 37. 5
37.3
34.4
37.9
34.6 i
34.7
37.4
37.2
Footwear (except rubber)
...do
37.9
'34.5
37.3
34.9
P35. 9
r
1
Revised.
p Preliminary.
Includes temporary Post Office employees hired during Christmas season; there were about 289,000 such employees in oil areas.
9 See corresponding note on p. S-ll.
cfData beginning January 1953 have been revised to exclude the employees of the General Accounting Office and Government Printing Office. At the end of January 1954 employmen t in
these agencies was as follows: Continental United States—GAO, 5,800; GPO, 7,100; Wash., D. C.—GAO, 4,300; GPO, 6,900.
SURVEY OF CURRENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-13
19 53
July
August
September
1954
October
November
December
January
February
March
April
May
June
July
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
Nonmanufacturing industries: 9
Mining:
Metal
hours..
Anthracite
-- do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
hours..
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines J
.do
Telephone
..
do
Telegraph...
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
-- - do
Retail trade (except eating and drinking
places)..
hours. .
General-merchandise stores __
do
Food and liquor stores..
do
Automotive and accessories dealers.-.do
Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dyeing plants
do
42.7
34.1
34.4
43.9
25.2
37.3
44.0
28.5
34.6
43.2
29.6
36.2
43.2
25.6
32.6
44.0
26.2
33.3
43.6
28.6
33.2
41.7
29.7
32.0
40.5
25.6
29.7
39.8
26.2
28.9
'40.0
'25.4
'30.9
P40. 7
P36.4
P33.6
41.4
45.4
38.1
41.7
37.1
41 7
45.9
38.6
42.5
37.6
40.7
45.0
36.9
39.9
36.1
40.3
45.9
38.6
42.2
37.7
41.4
44.5
37.2
39.4
36.7
40.2
44.0
36.8
39.1
36.3
40.7
41.0
34.3
36.0
33.9
40.3
42.9
36.7
39.8
36.0
40.2
42.9
37.0
39.7
36.4
40.2
43.4
37.0
39.3
36.5
'41.3
' 44. 5
37 5
40.6
'36.7
MO.O
P44.9
p 38 1
Ml. 9
P37.0
45.3
39.0
42.0
41.7
45.0
38.7
42.0
41.5
44.9
39.4
42.1
41.8
44.3
38.6
41.6
41.5
44.1
38.8
41.2
41.7
44.5
38.5
41.1
41.6
44.4
38.2
40.9
41.3
43.4
38.0
41.4
41.1
43.2
38.2
41.2
41.0
43.1
38.2
42.1
41.0
'43.3
' 38. 5
42. 1
41.0
M3.6
P38.6
Ml. 7
Ml. 2
40.5
40.4
40.4
40.6
40.5
40.7
40.2
40.2
40.2
40.2
40.5
P40.5
39.9
36.1
39.9
44.9
39.8
35.8
40.0
44.6
39.1
34.8
39.2
44.3
38.9
34.6
38.3
44.6
38.8
34.5
38.3
44.5
39.2
36.3
38.6
44.4
39.0
34.9
38.3
44.2
39.1
35.0
38.2
44.4
39.1
35.2
38.3
44.4
39.1
35.5
38.3
44.5
38.9
34.9
37.9
44.4
P39.4
P35.6
P38. 7
P44.6
42.2
40.1
39.2
42.3
39.9
38.9
42.0
40.2
40.0
42.3
40.1
40.1
42.2
40.0
39.3
41.9
40.6
39.9
41.8
39.7
38.2
42.0
39.8
38.6
41.9
39.6
39.2
41.7
40.4
42.0
'41.8
40.3
'40.1
Ml. 9
P40.6
P40.9
484
238
420
119
379
175
281
100
145
76
250
80
200
50
225
100
300
130
350
180
350
180
375
230
763
393
2,880
.32
721
211
1,700
.19
658
240
1,650
.17
502
175
1,570
.18
354
173
1,880
.20
400
150
1,000
.12
350
100
750
.09
375
150
1,300
.14
450
200
1,200
.13
500
230
1, 750
.21
550
280
2,200
.24
575
370
3, 750
.43
572
605
544
433
378
353
333
391
428
439
470
439
795
816
817
779
918
840
1,241
1,115
1,616
1,509
1,749
2,034
1,340
2,170
1,392
2,175
1,442
2,181
1,227
2,070
1,272
1,924
1, 335
1,862
679
64, 579
651
65, 300
656
66, 104
809
78, 979
1,124
120, 780
1,592
158,418
1,864
179, 284
1, 953
215,650
1,894
200, 837
1,850
185, 601
1,818
190, 959
1,597
167, 980
16
27
32
3,234
15
24
29
3,041
17
23
25
2,600
24
31
32
3,096
33
45
47
5,043
39
64
69
6,599
35
78
89
8,085
38
87
103
10, 840
30
82
101
10, 153
29
77
94
8,975
38
79
97
9,755
34
82
97
9, 894
4.3
4.8
.4
1.3
2.9
.3
4.0
5.2
.4
1.5
3.1
.3
3.3
4.5
.4
1.8
2.1
.3
2.7
4.2
.3
2.3
1.5
.3
2.1
4.0
.2
2.5
1.1
.2
2.8
4.3
.2
2.8
1.1
.3
2.5
3.5
.2
2.2
1.0
.2
2.8
3.7
.2
2.3
1.0
.2
2.4
3.8
.2
2.4
1.1
.2
2.7
3.3
.2
1.9
1.0
.2
'3.5
3.1
.2
1.7
1.1
.2
P3.0
P3.3
p. 2
P 1. 7
pl.l
P. 2
71.33
76. 70
77.87
71.69
77.27
78.12
71.42
77.14
79.13
72.14
77.90
78.94
71.60
76.73
76.21
72.36
77.52
78.94
70.92
76.59
77.60
71.28
76.38
78.40
70.71
76.00
79.19
70.20
75.43
78.21
' 71. 13 P 71. 68
76.21
" 76. 40
' 78. 80 p 79. 79
p 70. 92
P 75. 83
P 79. 40
67. 16
65.85
61. 05
70. 58
66.91
67.40
62.99
71.10
66.97
67.06
62.78
71.10
67.32
67.82
64. 12
72.10
65.20
65.76
63.49
71.05
64.32
64. 64
63. 90
71.23
62. 65
62.72
61. 78
69.48
63.76
63.92
62.16
70.70
64.40
64.96
62. 56
70.30
65.93
65.77
61.00
70.18
' 67. 03
' 67. 23
60.53
r
71. 10
p 68. 21
P 68. 56
p 62. 33
P 71. 10
p 62. 02
P 71. 51
p 69. 45
P81.12
P 81. 24
Industrial disputes (strikes and lock-outs):
Beginning in month:
534
Work stoppages
number .
293
Workers involved
.
__ .thousands.
In effect during month:
841
Work stoppages
number. _
491
Worker^ involved
thousands
3,880
Man-days idle during month
do
.39
Percent of available w r orking time
U. S. Employment Service placement activities:
574
Nonagricultiiral placements
thousands ..
Unemployment compensation, State laws (Bureau
of Employment Security):
980
Initial claimsf
.
thousands..
861
Insured unemployment, weekly average*.. .do
Benefit payments:
675
Beneficiaries, weekly average
do
69, 175
Amount of payments
thous. of dol
Veterans' unemployment allowances:^
18
Initial claims
. ._
thousands _.
27
Insured unemployment, weekly average — do
30
Beneficiaries, weekly average
do
3,322
Amount of payments
thous. of dol_.
Labor turnover in manufacturing establishments:
4.1
Accession rate... .monthly rate per 100 employees. .
4.3
Separation rate total
do _
.4
Discharge
do
1.1
Lay-off
do _ .
2.5
Quit
.
do
.3
Military and miscellaneous
do _
WAGES
Average weekly gross earnings (U. S. Department
of Labor): 9
All manufacturing industries
dollars
Durable-goods industries
do
Ordnance and accessories
..do
Lumber and wood products (except furniture)
dollars ..
Sawmills and planing mills...
...do
Stone, clay, and glass products.
do
Glass and glassware, pressed or blown
67.08
dollars ._
68.46
69.17
69. 08
70.13
69.34
68.64
70.09
68.94
' 69. 81
70.49
T
Primary metal industries
do
85.07
85.28
83.82
85.63
82.78
82.78
81.74
79.52
77.90
79. 49
78.28
Blast furnaces, steel works, and rolling mills
89.
76
dollars..
90.20
86. 33
88. 04
90.80
85. 46
84.80
79.39
81.27
79.12
'81.22
Primary smelting and refining of nonferrous
r
metals
dollars
80.34
81.16
85.08
82.39
82.98
82.54
83.40
79.98
78.41
78.20
78. 40
Fabricated metal prod, (except ordnance, machinery, and trans, equip.)
dollars..
76.41
76.59
75.70
76. 67
77.23
78.02
76.92
76.33
75.39
75.95
'
77. 33
Heating apparatus (except electrical) and
E lumbers' supplies _.
dollars
72.98
72.80
71. 76
74.56
72.31
73.63
71.80
73.10
70.66
73.10
'
73.
28
inerv (except electrical)
do
81.73
82.12
82.57
83.58
82.78
84.42
82.40
82. 60
81.00
82.20
81. 61
Electrical machinery
do
70.58
71.63
72.09
71.91
72.14
72.36
70.74
72.22
71.28
70.56
71.
50
r
Transportation equipment
do
84.86
85. 70
84.23
85.89
84.84
85.88
85.86
84.82
84.82
84.21
85. 67
Automobiles
do
r
87.91
88. 58
86.58
87.02
88.13
87.42
89.79
85.72
87.26
84.93
88. 34
Aircraft and parts
._
do
82.59
83.21
83.60
84. 03
84.03
85.27
83.23
85.28
83.43
84.46
83.84
Ship and boat building and repairs._.do
80.98
81.16
78.87
79.70
78.62
82.37
78.66
81.12
80.70
81.95
80.94
Railroad equipment
do
77.99
78.16
81.77
80.73
80.11
82.76
82.32
82.95
80.08
81.93
' 80. 85
Instruments and related products
do
71.86
73.16
74.93
74.16
74.75
75.17
72.22
73.12
72.07
72.76
72.07
Miscellaneous mfg. industries...
do
r
61.93
63.74
65.19
63.36
65.12
65.53
63.43
64.16
62.72
64.00
63. 43
r
Revised.
p Preliminary.
9 See corresponding note on p. S-ll.
% Revised to include only privately operated lin es; data sh own in the March 19£ 4 SURVEY ind earlier ssues cover both priva telyoperat edaridgovf ^rnment-op era ted lines.
Beginning with the February 1954 SURVEY, data h
^^^
p 63. 34
P 84. 10
p 79. 19
P 76. 92
p 76. 00
p 74. 40
P81.00 ~~p80.~60~
P 71. 68
P71.16
P 84. 19
P K4. 38
P 84. 89
P 84. 25
p 80. 16
P82. 11
P 72. 83
P 72. 65
P 63. 52
P 62. 56
SUKVEY OF CUKRENT BUSINESS
S-14
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1954
1954
1953
July
August
September
October
November
December
January
February
March
April
May
June
July
EMPLOYMENT AND POPULATION—Continued
WAGES—Continued
Average weekly gross earnings, etc. 9 — Continued
All manufacturing industries— Continued
Nondurable-goods industries
dollars..
Food and kindred products
- do
Canning and preserving
Bakerv products
do.
do
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars ..
Men's and boys' furnishings and work
clothing
dollars
Paper and allied products
do
Pulp, paper, and paperboard mills .-.do
Printing, publishing, and allied industries
dollars ..
Newspapers
do_
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do_
Petroleum refining
do
Rubber products
do
Leather and leather products
do
N on manufacturing Industries:
Mining:
Metal
do
\nthraeite
do
Bituminous coal
do —
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars. .
Nonmetallie mining and quarrying.
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines J
do
Telephone
..do
Telegraph
_.
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
-do
Retail trade (except eating and drinking
places)
dollars
General-merchandise stores
do. ..
Food and liquor stores
. do
Automotive and accessories dealers. --do
Finance, insurance, and real estate:
Banks and trust companies
- - do
Service and miscellaneous:
63.76
66.72
72.85
69.73
54.00
65.73
63.57
67. 04
76. 18
69. 84
55. 34
66.88
80.90
46.92
51. 65
50. 79
46.80
63. 67
67.23
77.89
68. 26
54. 54
65. 67
77.33
48.07
52. 33
50.94
49.26
63. 73
68.31
82. 51
67.94
49.95
65. 60
75. 41
47.49
52.33
51.21
48.73
64.45
68.15
76. 54
68.73
53.44
66. 42
75. 39
49.13
52. 61
51.34
48.60
63.53
68.71
76.78
69.39
55. 04
66. 10
75.06
45.97
50. 86
49. 13
47. 65
64.02
67.64
73.05
69.71
54.38
66.42
76.80
46. 31
52. 06
50. 03
48.84
64.02
67.87
73.05
69.12
53. 95
66.50
77.79
47.52
51.68
50. 16
48.71
62.87
67.54
7?. 68
68.85
52. 85
67. OS
78. 57
49.01
50.46
48.73
46. 99
•• 63. 91
' 68. 54
r
74. 74
69.01
* 54. 72
67. 65
78.18
r
49. 98
* 51. 10
48.97
47.65
P 64. 74
p 69. 55
P 76. 04
P 71. 52
P 53. 52
P 68. 31
P 80. 56
P51.71
P51.41
P 49. 76
P 48. 34
P 64. 74
p 69. 72
80.60
47.87
53. 18
52.93
47.99
63.76
65.25
72.67
68.51
54.14
65. 41
79.19
47.46
53.04
52.14
48.63
47.88
57.41
49.78
60. 59
47.12
57.35
48. 74
58. 64
48. 06
57. 48
48.82
58. 19
47.68
55. 84
49. 46
57. 96
49. 59
57. 32
45.62
52.64
T
46. 07
52. 97
P 46. 55
P 54. 92
p 47. 17
40.96
52. 59
73.44
80. 10
41.78
54. 72
73.61
79.92
40.79
49.40
73.87
80. 85
41.84
51.83
73. 53
79. 72
40.81
50.76
73.36
80. 08
40.70
53. 61
73. 62
80. 08
39.56
52.44
72.07
78.55
41.29
54.62
72.07
78.37
41. 15
54. 93
72. 83
78.99
39.10
49.01
71. 55
77.47
39. 67
49. 76
72. 83
P 39.
P 48.
P 73.
p 79.
84.75
90.36
83.60
76.63
81.59
92.32
96. 00
78.98
90.45
51.82
49. 65
85. 58
90. 36
83.81
76. 26
80.79
92.06
95.00
77.21
87.58
51. 79
49.24
87.14
93.03
84. 80
77.83
83.64
94. 35
97. 68
74.88
83.54
48.99
45. 41
86. 58
92.93
85. 63
76.04
80.60
91.80
94. 71
75. 07
83.16
49.68
45. 67
86. 14
92. 57
85. 41
76.82
81.20
92.21
96.46
75. 65
85. 09
49.82
45. 80
88. 43
96. 87
86. 67
77.61
81.81
91.98
96. 05
75. 66
82.43
52.03
49.10
86.02
90. 07
85. 79
76.86
81.41
91.53
95. 58
75. 08
82.88
51.89
49.37
85.95
90.42
84.50
76. 86
81.20
90.68
94.47
75. 47
83.03
52.44
50. 41
86. 85
90. 68
85. 57
76. 86
81.20
90 45
94.47
74.31
80. 89
52. 40
49. 98
86. 11
92. 26
84. 50
77.27
82. 62
91.08
94.87
75. 08
84. 14
49. 13
46.42
88.82
83.89
84.97
92.19
61.49
92.88
94. 16
70.40
86. 15
90.29
73.41
89.78
90.72
63.49
81.17
92.40
64. 71
82. 25
92.00
70.93
82.34
85.49
74.84
79.04
82. 62
63. 74
73. 06
81. 19
64. 45
71.67
r
T
92.74
77.63
91.82
92.57
91.64
93.83
79.41
94.18
96.05
93.62
92.39
79.20
90.77
90.97
90.97
90.27
80.33
96.11
97.48
95.76
94.39
76.99
93. 00
91.01
93.59
90. 45
76.12
92.37
89.93
93.29
92.80
70.93
87.12
83.88
87.46
91.08
73.79
92.85
91.14
93.24
90. 45
74.22
93. 24
90. 12
94. 28
90.45
75.08
92.87
89.60
94. 17
' 94. 58
* 77. 88
* 94. 50
r
93. 79
r
94. 69
P
P
P
P
P
77.92
64.35
74.76
81.32
77. 40
64.24
74.76
81.34
78. 13
68.16
77.46
82.76
77. 53
66. 01
74.05
82.17
77.18
67.90
73.34
82.98
77.43
65.84
73. 16
82.37
78. 59
65. 70
72.80
81.77
77. 25
65. 74
73. 69
80.97
77.33
65. 70
73. 75
80. 77
77. 58
66. 09
75.78
80.77
r
77. 94
67. 38
75. 78
81. 59
p 78. 92
P 67. 16
P 77. 15
P 82. 40
— :::
73.16
' 73. 93
p 74. 12
-
55.91
39.76
59. 75
74.76
56.41
•' 39. 91
r
59. 82
P
P
P
P
r
r
r 78. 19
r
r
r
T
r
r
T
r
r
r
r
78
82
95
97
86.71
93. 86
84. 46
77. 71
82. 62
93. 52
97. 17
77. 81
88. 65
49. 21
45. 89
p 86. 94
P 93. 86
P 84. 85
p 79. 07
P 84. 05
P 94. 39
P 97. 58
P81.00
P 94. 48
P51.01
P 47. 75
82. 00
62. 74
76. 32
P 83. 44
P91.36
P 83. 66
72.09
71.91
72.72
72.67
72. 50
73.26
72.76
72.36
56.12
39.74
60.40
74.48
55. 52
38.98
60.37
73.10
55.24
38. 75
59. 37
74.48
55. 10
38.64
59. 75
74.32
54. 49
39.93
59. 83
72. 37
55.77
40. 14
59.75
71.60
55. 91
39.90
59.59
72.82
54.90
55. 00
55.03
55.36
55. 33
55. 68
56. 51
56. 79
56. 47
56. 76
r 57. 19
P 56. 97
38.40
39.30
44. 69
38.49
39.10
44. 35
39.06
39.80
46.40
39.76
39.70
46. 92
39. 67
40. 00
45.98
39.81
40. 60
46. 68
39. 71
39.70
45.08
39.90
39.80
45.55
39.81
39.60
46. 26
39. 62
40. 80
50.40
r
p 39. 81
Ml. 01 ;
p 49. 08
1.77
1.88
1.91
1.79
1.90
1.93
1.79
1.90
1.93
1.79
1.89
1.91
1.80
1.90
1.93
1.80
1.91
1.94
1.80
1.90
1.96
1.79
1.90
1.97
1.80
1.90
1.97
r
1.64
1.64
1.54
1.73
1.67
1.66
1.55
1.76
1.65
1.65
1.56
1.75
1.63
1 . 64
1.56
1.75
1.60
1 . 60
1.57
1.75
1.59
1.60
1.56
1.75
1.59
1.59
1.55
1.75
1.61
1.60
1.56
1.74
1. 64
1.6?
1. 56
1.75
1.72
2.08
1.76
2.13
1.74
2.08
1.78
2.08
1.76
2.08
1.76
2.08
1.77
2.06
1.78
2. Of
2.20
2.27
2. 19
2. 18
2 38
2.18
2.15
1.97
2. 06
1. 99
1.99
1.97
2. 00
1.85
1.86
1.87
1.87
1.88
1.82
1.96
1.76
2.08
2.15
2.00
2.06
2.03
1.78
1.57
1.61
1.58
1.79
1. 55
1.35
1.58
1.89
1.84
1.98
1.78
2. 09
2.17
2. 01
2.07
2. 07
1.80
1.58
1.63
1.60
1.84
1.58
1.34
1.60
1.94
1.85
1.99
1.78
2.10
2. 16
2. 02
2.07
2.07
1.81
1. 59
1.62
1.62
1.85
1.58
1.36
1.59
1. 90
1.84
1. 99
1.79
2.10
2. 17
2.02
2. 08
2.07
.81
.60
. 63
. 65
.91
.58
.35
.60
.89
1.85
2.01
1.80
2.11
2. 18
2. 04
2.08
2.09
1.82
1.61
1.64
1.65
1.84
1.58
1.41
1.62
1.88
55. 91
40. 13
59. 75
73. 26
r
40. 13
40. 30
47. 32
p 74. 20
p 86. 78
~p~78.~94~
"V77.~03~
p 51. 38
90. 40
78. 58
95. 63
96. 37
95. 46
56. 26
40.07
60.25
74.98
Laundries
-do
Cleaning and dvein? plants
do
Average hourly gros5? earnings (TJ. S. Department
of Labor): 9
,„
1.77
All rnanuficturinsr industries
dollars
1.88
Durable-goods industries _
do
1.89
Ordnance and accessories
do
Lumber and wood products (except furni1 . 65
ture)
dollars..
1.63
Sawmills and planing mills
do
1.53
Furniture and
fixtures
- do
1.73
Stone clay and glass products
do_
Glass and glassware pressed or blown
1.72
dollars..
2.08
Primarv metal industries
do
Blast furnaces, steel works, and rolling: mills
2.20
dollars..
Primary smelting and refining of nonferrous
1.95
metals
dollars
Fabricated metal prod, (except ordnance,
machinery, transportation equipment)
1.85
dollars __
Heating apparatus (except electrical) and
1.82
plumbers' supplies
dollars
1.96
Machinerv (except electrical)
do
1.76
Electrical machinery
._ _.
do.
2.08
Transportation equipment
do
2.16
Automobiles
do
1.99
Aircraft and parts
do
2.05
Ship and boat building and repairs. ..do
2.01
Railroad equipment
do
1.77
Instruments and related products
do
1.5*6
Miscellaneous mfg. industries
_ do.
1.61
Nondurable-eoods industries
do
1.60
Food and kindred products
do
1.79
Meat products
. . . do
1 . 56
Dairy products
do
1.34
Canning and preserving . . .
do
1.58
Bakery products. _ __ _
do
1.87
Beverages
do
'Revised.
v Preliminary.
9 See corresponding note on p. S-ll.
{Revised scries. See note marked "i" at bottom of p. S-13.
r
p 51. 79
P51.27
57.
41.
61.
76.
52
60
15
27
pl.81
p 1. 91
P 1. 98
p 1. 80
p 1. 91
p 1. 99
T 1.68
1.66
1. 56
* I . 7h
P
P
P
P
pl.56
1.80
2.05
* 1. 79
r
2. 07
P 1 . 79
P 2. Os
2. 15
2. 14
' 2. 16
P 2. 19
1.97
1.9C
1.97
1.96
P 1.97
1.89
1.88
1.88
1.88
r 1.90
P 1. 89 i
p 1. 90
1.86
2.00
1.80
2.12
2.19
2.05
2.07
2.10
1.81
1.61
1.65
1.68
1.85
1.61
1.46
1.62
1.91
1.86
2.00
1.81
2.11
2,17
2.07
2.08
2.10
1.81
1.60
1.65
1.67
1.84
1.61
1.45
1.62
1.92
1.86
2.00
1.80
2. 10
2. 15
2.06
2.08
2.09
1.81
1 . 60
1 . 65
1.68
1.84
1 . 60
1.47
1.63
1. 94
1.84
2.00
1.80
2.11
2. 16
2. 06
2.08
2.08
1.82
1. 60
1. 65
1.68
1.84
1. 59
1.46
1.64
1.94
1.86
2.01
1.81
2. 11
2. 16 !
2.06 !
2.07
T
2. 10
1.82
1.61
1.66
1.68
1.85
' 1.59
1.44
1. 65
1.94
P 2 00
pl.81
p2.ll
P 2. 16
P 2. 07
p 2. 05 \
p 2 . 10
P 1.K3 !
P 1.60 !
P 1. 66
P 1.68 ;
P 1. So
P 1.60
p 1. 39
P 1. 65
Pl.96 !
p 2. 01
P 1. 82
p 2. 12
I. 81
1. 91
1. 97
1 6s
I. 66
1. 57
1. 76
p 1. 57
pl.77
P 2 . 11
p 1. 83
P 1. 60
pl.66
p i. 68
SURVEY OF CURRENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-15
1953
July
August
September
1954
October
November
December
January
February
March
April
May
June
July
EMPLOYMENT AND POPULATION—Continued
WAGES —Continued
A verage hourly gross earnings, etc. 9— Continued
All manufacturing industries— Continued
Nondurable-goods industries— Continued
Tobacco manufactures
dollars
Textile-mill products
do
Broad- woven fabric mills
do____
Knitting mills
do
Apparel and other finished textile products
dollars.Men's and boys' suits and coats
do.
Men's and boys' furnishings and work
clothing
dollars
Women's outerwear
do
Paper and allied products
do _
Pulp, paper, and paperboard mills do ...
Printing, publishing, and allied industries
dollars ._
Newspapers
do
Commercial printing
do
Chemicals and allied products
do
Industrial organic chemicals
-,_ do
Products of petroleum and coal
do__
Petroleum refining
. . do
Rubber products
do
Tires and inner tubes ..
do __.
Leather and leather products
do
Footwear (except rubber)
_ do
Nonmanut'acturing industries:
Mining:
Metal
--do
Anthracite
do.
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars. .
Nonmetallic mining and quarrying
do....
Contract construction
do_
Nonbuilding construction
do.__.
Building construction
do
Transportation and public utilities:
Local railways and bus lines %
-.
do
Telephone
do
Telegraph
do
Gas and electric utilities
_
do_ __
Wholesale and retail trade:
Wholesale trade
- do
Retail trade (except euting 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 (EN R):§
Common labor
dol. per hr
Skilled labor
- -- do_.
Farm wage rates, without board or room (quarterly) -..
.
dol. perhr..
Railway wages (average class I)
do
Road-building wages, common labor
.do
r
1.28
1.36
1.34
1.29
1.22
1.36
1 33
1 29
1.20
1 37
1 34
1 30
1.22
1 37
1 33
1 31
1. 24
1 37
1 33
1 31
1.25
1.37
1 33
1 31
1.27
1 36
1 31
1 32
1
1
1
1
29
37
32
32
.32
.36
32
32
1.35
1. 36
1 31
1 32
1.33
1.56
1.36
1 62
1.35
1 62
1.35
1 62
1.35
1 61
1.36
1 59
1.37
1 60
1.37
1 61
.37
61
1.33
1 60
1.11
1.52
1.70
1.80
1.12
1 55
1 70
1.80
1 13
1 52
1 73
1.85
1 14
1 52
1 71
1.82
1 14
1 48
1 71
1,82
1 14
1 51
1 72
1.82
1 15
1 52
1 72
1.81
1 15
1 53
1 79
1.81
14
53
73
.82
1 13
1 45
1 72
1.81
2.19
2.51
2.09
1.86
1.99
2.20
2 51
2 09
1 86
1.99
2.24
2 57
2 12
1 88
2 05
2.22
2 56
2 13
1 85
2 01
2,22
2 55
2 13
1 86
2 01
2.25
2 59
2 14
1 87
2. 01
2.24
2 53
2 15
1 87
2 01
2.25
2 54
2 15
1 87
2 01
2.25
2 54
2 15
1 87
2.02
2.26
2 57
2 15
1 88
2.05
2.23
2.33
1.95
2.25
1.36
1.31
2 24
2.34
1 94
2.24
1 37
1 32
2
2
1
2
1
1
29
40
92
21
38
32
2 25
2 35
1 92
2.20
1 38
1 32
2 26
2 37
1 92
2.21
1 38
1 32
2 26
2 36
1 93
2. 21
1 38
1 32
2 26
2 36
1 94
2. 21
1 38
1 32
2 25
2 35
1 94
2.22
1 38
1 33
2 25
2 35
1 93
2.21
1 39
1 34
2 26
2 36
1 94
2.22
1 38
1 33
r 2 97
1 96
2.25
1 39
1 33
P 2 28
p 2 38
v 2 00
* 2. 31
P 1 39
P 1 33
2.08
2.46
2.47
2. 10
2 44
2.49
2 14
2 47
2 49
2 09
2 48
2 48
2 10
2 48
2 49
2 10
9 47
2 47
2 11
9 48
2 48
2 05
2 52
2 47
2 04
9 49
2 46
2 04
2 46
2 48
2 05
2 47
f 2 47
v 2 05
v 2 51
P 2 49
2.24
1.71
2.41
2.22
2.47
2.25
1.73
2 44
2.26
2 49
2.27
1 76
2 46
2 28
2 52
2.24
1 75
2 49
2 31
2 54
2.28
1 73
2 50
2 31
2 55
2.25
1 73
2 51
2 30
2 57
2.28
1 73
2 54
2 33
2 58
2.26
1 72
9 53
2 29
9 59
2.25
1 73
2 52
2 27
1 59
2.25
1 73
2 51
2 28
2 58
T
2.29
1 75
2 52
*>2. 26
v i 75
v 2 51
r 2 31
r 2 58
J>2 30
1.72
1. 65
1.78
1.95
1.72
1 66
1 78
1.96
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1. 78
1 78
1 80
1 79
I 79
1 80
1 81
1 80
] 81
1 82
1.41
1. 11
1.51
1.67
1 41
1. 11
1.51
1.67
1 42
1 12
1. 54
1.65
1 42
1 12
1 55
1.67
1 42
1 12
1 56
1.67
1 39
1 10
1 55
1.63
1 43
1 15
1 56
1.62
1 43
1 14
1 56
1.64
1 43
1 14
1 56
1.65
1 43
1 12
1 56
1.68
.91
.98
1.14
.91
98
1. 14
.93
99
1. 16
94
99
1. 17
94
1 00
L17
95
1 00
L I7
95
1 00
1. 18
95
1 00
1. 18
95
1 00
1. 18
1 877
3.021
1 921
3 062
1 921
3 073
1 9°7
3 085
1 933
3 086
1 933
3 086
1 944
3 095
1 944
3 095
.89
1.861
1.52
1 877
1 883
1 895
1 57
1 928
1 908
90
1 943
1 61
1 961
74
73
84
98
75
71
78
98
75
75
78
99
74
71
78
98
77
72
78
98
78
73
78
97
79
7?
79
97
r
T
1. 34
1 37
1 32
1 32
p 1.35
p 1 36
* 1 32
v 1 31
p 1.37
v 1 36
1.32
1 61
P 1. 33
P 1 62
v 1. 34
1 14
v
p
r
p
r 1 43
1 73
r
1.81
2.27
r 2 60
2 16
1 90
2 04
r 2
80
73
80
97
37
1
1
1
1
80
75
80
99
\ 13
1 44
1 74
1 . S3
p 2 . 27
u 2 60
p 2 17
v i 9]
?> 2 05
* 2. 26
p 1 93
p 2 29
P 1 95
P i 37
P 2 58
P
P
p
P
1
1
1
2
81
74
85
00
1 83
P i 03
1 45
1 15
1 57
1.71
P 1 46
p 1 17
P 1 58
pl.71
95
1 01
1.20
96
1 00
1.18
P 95
P 1 01
Pl.20
1 944
3 1 00
1 947
3 100
1 964
3 112
1 Q79
3 133
1 902
84
1 913
1 46
1 939
1 916
545
701
580
720
623
672
616
618
f>89
656
T
f 1 75
1 997
3 147
87
i 5i
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. of dol
Commercial paper
_ _ do.
Agricultural loans outstanding of agencies supervised by the Farm Credit Administration:
Total
mil. of doL.
Farm mortgage loans, totaL- .,_
..do. ._
Federal land banks
do
Land Bank Commissioner
.do
Loans to cooperatives
do
Short-term credit
. -do
Bank debits, total (345 centers)!
New York City
6 other centers cf
-
i
i
.
... do.
do
do
-- --
435
429
478
451
515
475
319
866
312
854
2,310
1 177
1, 157
19
331
802
372
714
378
651
£
620
360
619
356
647
2 271
1 228
1 212
16
350
693
147, 957
51, 799
32, 683
134, 386
45, 516
29, 958
147, 699
54, 888
31, 422
149, 606
54,152
31, 778
140, 992
50, 470
30. 477
168,596
65. 367
35, 557
154, 289
62. 306
30, 806
141,933
56, 115
29, 341
171,260
67, 913
36, 666
50. 509
25, 437
156
24, 639
21,274
50, 509
20, 688
19, 384
368
25,885 i
45. 7 '
50, 692
25, 688
350
24, 509
21,270
50, 692
20, 934
19,412
591
25, 757
45. 6
517
535
574
552
586
620
2, 189
1 197
1 180
Federal Reserve banks, condition, end of month:
Assets, total
mil. of dol
50, 466
49, 994
50, 969
51, 130
Reserve bank credit outstanding, total. -do
26, 176
25, 958
26, 252
26, 550
Discounts and advances
do
644
343
329
413
24, 964
United States Government securities. .do
24, 989
25, 235
25, 348
Gold certificate reserves. .
do
21, 085
20, 993
20, 933
20, 897
Liabilities, total
.
do
50, 466
49, 994
51, 130
50, 969
Deposits, total . ..
do._
21, 068
20, 623
20, 815
21,030
Member-bank reserve balances
do
1 9. 278
19, 607
19, 309
19, 460
Excess reserves (estimated) .
_ _ do_
590
476
493
634
Federal Reserve notes in circulation
do
25,872 i
25,983 i
26, 033
26, 134
Reserve ratio
percent.,
44.9 j
45.0 '
44.7
44.3
r
Re.vised.
p Preliminary.
9 See corresponding note on p. S-ll.
+ Revised series. See note marked "J" at botto m of p. S-13.
$ Rates as of August 1, 1954: Common labor, $2 009; skilled labor, $3. 148.
t Re vised series. Bank debits have been revised to include additional centers ami to represe nt
d* Includes Boston, Philadelphia, Chicago, Detro it. San Francisco, anci Los Ange les.
534
582
51, 150
26. 133
369
25. 095
21. 348
51, 150
20, 669
1 9, 434
347 1
26. 455
45. 3
52.31,5
26. 880
28
25,916
21,354
52. 31 5
21 , 422
20,160
763
20. 558
44. 5
50, 704
25, 316
147
24, 632
21.278
50, 704
20, 773
19, 194
505
25, 487
46.0 '
335
734
r
3 2
1
154, 665 ' 149. 716
60, 479
59, 535
33, 152
31, 159
50, 089
25, 382
172
24, 632
21, 283
50, 089
20, 898
19,528
684
25, 472
45. 9 .
50. 494
25, 781
245
24,812
21, 293
50, 494
21, 143
19, 563
672
25. 544
45.6 '
539
749
2 3<i8
1 257
1 242
15
304
808
319"
S22
163. 407
64, 965
33, 785
154. 859
61. 155
31,556
50, 759
25, 642
37
25, 037
21,230
50, 7.59
20, 808
19,011
599
25, 588
45.8
49, 746
25, 183
184
24 325
21,220
49 746
20, 454
18, 702
939
25. 567
46. 1
debits t o demand leposits; D ata for Jan uary 1943-53 appear m p. 23 of this SuEV]EY.
SUKVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September lf>r>4
1954
1953
August
July
September
October
November
December
January
'eta,-
March
April
May
June
July
FINANCE—Continued
|
BANKING— Continued
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:t
Deposits:
Demand, adjusted
_mil. of dol._
Demand, except interbank:
Individuals, partnerships, and corporations
. _ __mil. ofdoL.
States and political subdivisions
do
United States Government
do
Time except interbank total
do
Individuals, partnerships, and corporations
mil. of dol .
States and political subdivisions
do
Interbank (demand and time)
do
Investments total
do
U. S. Government obligations, direct and
guaranteed, total
mil. of doLBills
do....
Certificates
--do
Bonds and guaranteed obligations
do
"Votes
do
Other securities
do__ .
I./oans (net) total
do_
Commercial, industrial, and agricultural ..do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of dol _
Real-estate loans
do
Loans of banks
do
Other loans
do
Money and interest rates :d"
Bank rates on business loans:
,i ciTies
_
p
/ otner nortnern ana ea^ ^
53, 395
53, 059
52,814
54, 692
54, 376
51,217
55, 588
53, 913
51, 812
54, 108
53,930
53, 319
54, 949
54, 082
3,736
5,292
18, 085
53, 699
3,834
4,639
18, 093
54, 639
3,711
4,434
18, 253
55, 965
3,612
2,346
18, 426
55, 727
3, 685
3,410
18,383
57,817
3, 963
2 594
18,718
55, 831
4,093
2,275
18, 779
54, 791
3,908
2,424
18, 917
52, 824
4,232
3,838
19, 050
54, 488
4,308
2,671
19, 124
54, 597
4,418
2,982
19,359
54,715
4,329
4,085 j
19 637
55,360
4,033
2,091
19,808
17, 074
11, 568
40, 225
822
17. 083
823
12, 056
39, 318
17, 259
804
12, 452
39, 196
17,374
865
12,773
39, 244
17,311
882
13,062
40, 254
17, 596
932
13, 860
40, 282
17,619
970 '
12,948
40, 697
17, 734
994
12, 983
40, 133
17, 771
1,087
13,017
38, 738
17, 854
1,078
12, 794
40, 177
18,041
1,129
13,040
41 , 300
18,304
1,146
13,870 |
41,945 i
18,337
1,285
13,406
42,492
32, 705
2,855
4,985
19, 425
5,440
7,520
39, 381
22, 643
1,830
31,797
2,289
4, 705
19, 436
5, 367
7,521
40, 067
22, 965
1, 850
31,663
2,317
5,522
17, 250
6,574
7,533
39, 705
23, 103
1,763
31,795
2,388
5,502
17, 251
6,654
7,449
40, 294
23, 301
1,663
32, 792
2,394
5. 399
18, 541
6,458
7, 462
40, 268
23, 134
1,877
32, 800
2, 569
5, 303
18.517
6,411
7,482
41,020
23, 380
2,248
32, 989
2, 517
4,764
18,952
6, 756
7,708
39, 963
22, 638
2,180
32, 292
2,084
4,097
21,313
4,798
7,841
39, 401
22, 407
1,907
30, 850
2,076
2,737
21, 388
4,649
7,888
39.317
22, 763
1,758
32, 160
2,987
3,045
21, 598
4,530
8,017
38, 941
22, 183
1,744
33, 196
2, 428
2,684
21,502
6, 582
8,104
39,219
21,599
2,141
33,724
2,619 !
2 777
21,654
6, 674
8,221
39, 136
21,884
2 379 i
34,221
3,045
2, 754
21,742
6, 680
8,271
38, 953
21,524
2,005
763
732
6, 365
762
8,016
726
6,397
402
7,935
724
6,438
806
7,983
748
6,449
703
7,978
868
6,481
646
8,019
826
6, 486
541
7,924
811
6,478
679
7,754
847
6,522
241
7,825
849
6,553
500
7,753
915
6,592
895
7,721
899 !
6 671 !
186 i
7, 772
875
6,718
699
7, 787
2.00
2.79
4.17
2.00
2 gg
4! 17
3.74
3.52
3.71
4.10
2.00
2.93
4.17
2.00
2.97
4.17
2.00
2.97
4.17
3.76
3 51
3.79
4 10
2.00
2.P7
4.17
2.00
2.97
4.17
1.75
2.56
4.17
3.72
3.50
3.74
4.03
1.75
2.50
4.17
1.50
2.50
4.17
1.50
2.08
4.17
3 60
3 34 i
3 61 :
3 98
1.50
2.08 i
4.17 ;
1.50
2.04
4.17
1.88
2.75
3.25
3.13
1.88
2.75
3.25
3.13
1.88
2.74
3.25
3.13
1.88
2.55
3.25
3.13
1.88
2.32
3.25
3.13
1.88
3.13
1.88
2.13
3.25
3.13
1.69
2.00
3.25
3.13
1.48
2.00
3.13
2.98
1.25
1.77
3.00
2.88
1.25
1.59
3.00
2.88
1.25 '
1.56 i
3. 00
2. 88
1.25
1.43
3. 00
2. 88
2.101
2.72
2.088
2.77
1.876
2.69
1.402
2.36
1.427
2.36
1. 630
2 2^
1.214
2.04
.984
1.84
1.053
1.80
1.011
1.71
.782
1.78
.650 i
1.79!
.710
1.69
13,881
2,438
13, 920
2,419
14,014
2,402
14, 056
2,388
14,141
2,374
14,341
2, 360
14,442
2,343
14, 500
2,326
14, 651
2,310
14. 694
2,291
14, 768
*2,271
14,914
v 2, 252 |
14,943
v 2, 230
27, 581
21, 004
9,973
5, 351
1, 516
4,164
27, 810
21,218
10, 136
5,362
1,534
4,186
27, 979
21,347
10, 232
5,352
1,562
4,201
28, 166
21, 486
10,337
5,366
1,585
4,198
28, 252
21, 586
10,358
5,406
1,604
4,218
28, 896
21,807
10,289
5 605
1,606
4,307
28, 125
21, 444
10, 084
5,495
1, 587
4,278
27, 478
21, 151
9,915
5,377
1,570
4,289
27, 1 51
20, 900
9,800
5,220
1,554
4,326
27, 330
20, 909
9,798
5, 188
1,554
4,369
27, 520
20, 932
9, 838
5,142
1,565
4,387
'27,791
r
21,12?
9,980
r
5, 134
1,563
4,445
;
:
i
I
i
27,835
21,246
10,103
5,094
1,566
4,483
18, 000
8,818
5,816
988
2,378
3,004 I
923 !
812
386
883
18, 205
8,879
5,924
1,009
2,393
3,013
931
813
396
873
18, 328
8,893
6,005
1,029
2,401
3,019 |
943
811
399
866
18,439
8,908
6,093
1,041
2,397
3, 047
957
812
406
872
18, 495
8,881
6,147
1, 050
2,417
3,091
983
826
408
874
18, 534
8, 856
6,147
1,064
2,467
3.273
1.068
866
407
932
18, 276
8.723
6,062
1,043
2,448
3,168
1,031
836
400
901
17, 999
8,534
5,974
1,055
2,436
3, 152
1,094
814
393
851
17, 845
8,452
5,892
1,074
2,427
3,055
1,056
795
388
816
17, 859
8,417
5,901
1 096
2,445
3,050
1,058
789
388
815
17, 896
8,386
5,944
1,115
2,451
3,036
1,051
787
390
808
18,069
8,401
6,060
1,145
2.463
'3,053
r
1,061
785
397
810
!
i
!
;
18,198
8,379
6,189
1,165
2,465
3,048
1,055
783
404
806
6,588
2,181
2,639
1,768
6.669
2,215
2,679
1,775
2,181
2,639
1,768
2 215
2,679 i
1 775 i
6, 326
446
7,992
. __ _
Discount rate (N Y F. R. Bank)
do._
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates. New York City:
Acceptances prime bankers' 90 days
do
Commercial paper, prime, 4-6 months — do
Call loans renewal (N Y S E )
do
Time loan's 00 days (N Y S E )
do
Yield on U. S. Govt. securities:
3-month bills
do ...
3-5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol. _
U S postal savings
do
CONSUMER
j
9 9^
£25
CREDIT (Short- and Intermediate-Term)
Total outstanding, end of montht
mil. of dol_.
Instalment credit, total*
- __do
Automobile paper
do
Other consumer-goods paper
do
Repair and modernization loans
do
Persona,! loans
do__ _
Bv type of holder:
Financial institutions, total
do
Commercial banks
do
Sales-finance companies _
do
Credit unions
do
Other
_
_.
do
Retail outlets total
do
Department stores
__ do
Furniture stores
- do_ ..
\utomobile dealers
do
Other
._
do
6,327
6,681
7,089
6,421
6, 666
6, 632
6,577
6,251
6, 592
6,680
Noninstalment credit, total t
do
2,054
2,083
2,079
2,105
2 127
2,131
2,100
2,130
2,073
2, 131
Single-payment loans
do
2,550
2,893
2,566
3. 249
2, 716
2,705 j
2,438
2,840
2,811
2, 668
Charge accounts
_
do
1,723
1,705
1,793
1,750
1,713
1, 726
1,786
1,740
1,793
1,738
Service credit. _
do
By type of holder:
2, 054
2,083
2,079
2,105
2,100
2,127
2,131
2,131
2,130
2,073
Financial institutions
_
do
2,550
2,893
3,249
2,716
2, 705
2,566
2,438
2,811
2,840
2, 668
Retail outlets
_
-do
1,723
1,705
1,713
1, 726
1,786
1,793
1,750
1,740
1,738
1,793
Service credit
do
Instalment credit extended and repaid: 9
Unadjusted:
1,864
1,869
2,315
2,598
2,297
2,389
2,602
2,285
2,486
2,436
Extended, total
..do
776
974
750
947
1,121
1,089
1, 226 i
998
985
1, 126
Automobile paper
_
do __
470
594
824
517
646
622
625
668
1
619
540
Other consumer-goods paper
do
618
602
827
677
691
675
754
723
697
760
All other
___ .
do___
2,157
2,232
2,197
2.377
2,
260
2,306
2,347
2,
222
2,233
2,536
Repaid, total
do
945
955
953
1,016
993
945
1,016
963
1,000
1,100
Automobile paper
do
588
627
606
625
654
635
604
626
697
608
Other consumer-goods paper
_. do
624
650
736
638
632
684
651
739
680
677
All other
do
Adjusted:
2,211
2,243
2,441
2,331
2,272
2,409
2,200
2,393
2,498
2, 358
Extended, total
do__
919
872
1,080
1, 035
1,102
924
1,117
1,044
926
1,117
Automobile paper
do
586
661
631
566
593
600
621
621
589
662
Other consumer-goods paper
. do
738
678
730
725
703
707
687
719
710
I
693
All other
do
2,294
2,320
2,301
2,283
2, 252
2,412
2,249
2, 273
2, 308
2,183 |
Repaid, total
_
do
1,028
1,015
977
1,
006
962
921
1, 009
1,042
963
967
Automobile paper-do__.
612
636
604
619
667
633
633
609
610
643
Other consumer-goods paper. . .
do._
680
688
664
669
703
657
653
689
653
663
All other
do
'Revised.
"Preliminary.
t Revised beginning 1952 to expand the coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
cfFor bond yields see p. S-19.
JData beginning 1952 have been revised in accordance with recent benchmark materials; revisions for 1952 appear on p. 24 of the June 1954 SURVEY.
9 For a description of these new data and for figures prior to February 1953, see the January and March 1954 issues of the FEDERAL RESERVE BULLETIN;
2,299
1,005
589
714
2,276
965
626
685
r
2,224
943
577
704
2, 333
988
635
710
T
2,603
1,202
r
624
777
2,413
1,060
632
721
2, 398
1,075
r
614
709
2,354
1,038
628
688
:
!
;
]
1
|
j
'
6,589
2,193
2,614
1,782
2,193
2,614
1,782
i
2,472
1,136
591
745
2,348
1,013
631
704
i
;
i
1
i
i
2. 379
1 035
633
711
2,296
987
637
672
i
SUKVEY OF CURRENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-17
1953
July
August
September
1954
October
November
December
January
February
March
April
May
June
July
FINANCE—Continued
FEDERAL GOVERNMENT
FINANCE
Budget receipts and expenditures: §
Receipts total
Receipts net 9
Customs
Income and employment taxes
Miscellaneous internal revenue
All other receipts
mil. of dol
do
do_
do
do
do
Expenditures total 9
Interest on public debt
Veteran^ Administration
National defense and related activities
All other expenditures
do
do
do
_ do
do
Public debt and guaranteed obligations:
Gross debt (direct) end of month, total
do
Interest bearing total
do
Public issues
do
Special issues
. __ do
Noninterest bearing
do
Obligations guaranteed by U. S. Government,
end of month
mil of dol
U. S. Savings bonds:
Amount outstanding, end of month
do
Sales series E through K
do
Redemptions
do
Government corporations and credit agencies:
Assets except interagency total
mil. of dol
Loans receivable total (less reserves)
do
To aid agriculture
- do
To aid home owners
do
All other
Commodities supplies, and materials
U S Government securities
,
Other securities and investments
Land structures, and equipment
All other assets
--Liabilities, except interagencv, total
Bonds notes and debentures
Other liabilities
Privately owned interest
3,619
3, 293
52
2,395
937
235
5,153
4, 475
0, 402
5, 988
2,894
2, 645
47
5, 144
4, 605
50
51
47
4,011
5, 218
1,698
1,019
3,947
125
968
182
6, 052
237
369
3,890
5, 948
6,066
5, 462
206
351
5,333
560
327
354
340
164
349
1,556
3,519
1,873
3,787
1,392
3,647
1.121
3, 540
1, 280
272, 669
270, 603
230, 009
40, 594
2,066
273, 206
271, 145
230, 157
40, 988
2,061
272, 937
270, 744
229, 785
40, 958
2 193
273, 386
271, 291
230, 403
40, 888
2,095
275, 209
273, 128
232, 115
41, 013
2,081
955
140
981
152
5 403
5 132
4 619
4 458
48
39
4,133
3, 538
919
304
749
293
6 336
1 294
5 058
376
245
343
3 465
1 201
3,001
1 468
975
272
231
41
2
168
881
684
197
287
274
272
231
41
2
849
632
623
009
216
r
6 425
5 444
13 013
11 434
41
44
5 366
11 865
860
159
954
149
i 4 707
'372
r
11 241
10 539
44
49
45
2 865
3 946
877
170
10 135
2 059
860
179
5 555
5 296
5 203
588
340
350
3F3
249
352
345
2 3 568
2 3 830
2 3 6Qi
422
797
872
235
823
821
002
412
°71 047
268' 855
297' 806
41 049
2 192
274
272
231
41
2
782
536
466
070
246
3 148
9 897
5 037
3 592
3 956
2 751
270
267
226
41
2
2
3 374
1 228
273 475
271 ' 280
229 913
41 367
2 195
852
204
7 115
1 752
2
376
P 4 059
271
268
226
42
2
790
254
4 827
213
336
928
2 P 3 048
1 931
260
910
681
229
350
270 984
268* 681
226 528
42 152
2 303
63
63
64
66
74
76
75
77
77
8Q
80
81
21
57, 962
402
57, 940
371
57, 882
368
57, 860
384
57, 889
368
514
489
57, 960
515
58,159
464
51^
58,050
602
58, 189
523
438
57,918
561
58, 106
51]
480
57, 934
423
704
560
598
538
510
628
58,129
508
541
37, 141
18, 502
5,512
2,986
8,010
2,246
2, 259
2,586
3 429
7,911
2,454
de
do
do
do
do
do _ _
do _.
do
do
do
38
19
6
2
8
9
2
2
3
8
2
3, 381
1,306
2 075
937
?83
810
930
043
303
514
602
495
062
451
39 313
19 877
7 370
2 858
7 987
1 838
2 696
2 969
3 425
8 035
2 312
5 075
1 257
3 818
5 944
1 025
4 920
33 429
32 899
434
424
33 335
693
470
LIFE INSURANCE
Assets, admitted:
All companies (Institute of Life Insurance), esti75, 855
mated total
mil. of dol
68, 105
Securities and mortgages
do
49 companies (Life Insurance Association of Amer66, 621
ica), total
-- mil. of dol .
41, 451
Bonds and stocks, book value, total
do
' 10, 563
Govt (domestic and foreign), total
do
r
8, 633
U S Government
do
11,897
Public utility
do
3,418
Railroad
do
15, 572
Other
do
76, 244
68, 337
76, 612
68, 709
77, 121
69, 124
77, 552
69, 478
78, 201
69 992
78, 866
70, 544
79, 251
70, 884
79 649
71, 238
80 114
71 645
80 547
71 997
80 981
72 361
81,510
72, 737
66, 944
41, 531
10, 565
8,634
11,952
3,423
15, 591
67, 294
41,739
10, 527
8, 585
12, 043
?,429
15,740
67, 685
41, 976
10, 517
8, 566
12, 132
3, 451
15, 875
68, 046
42. 120
10, 476
8,480
12, 213
3,461
15, 971
68, 587
42, 317
10, 435
8 427
12,295
3 484
16 102
68, 989
42, 607
10, 509
8,407
12, 325
3,505
16, 267
69, 337
42, 801
10, 541
8,414
12, 447
3, 507
16, 307
69, 652
42, 942
10, 461
8, 306
12, 548
3,499
16, 433
70 094
43, 087
10 464
8 287
12 621
3 520
16 482
70 364
43, 233
10 475
8 194
12 655
3 525
16 578
70, 716
43, 362
10 316
8 Oil
12 766
3 574
16 705
71,160
43, 509
10, 230
7 861
12, 820
3 573
10, 886
789
776
793
790
777
776
709
Cach
--__
do .
807
911
842
81 8
18,619
19,410
18,716
19 525
19, 689
19, 098
18, 950
18,818
Mortgage loans total
do
19 321
20 197
20 366
20 028
19 885
1,615
1,674
1,628
1, 685
1,654
1,648
1,697
1,638
Farm
- - do
1 759
1 ' 744
1 666
1 728
1 714
17, 004
17, 736
17, 087
17,992
17, 302
17, 840
17, 444
17, 180
Other
do
18 607
18 453
17 655
1 8 300
18 171
2,374
2,447
2,387
2,413
2, 480
2,425
2, 402
2,460
Policy loans and premium notes
do
2 436
2 536
2 523
2 494
2 507
1,707
1,769
1,726
1,792
1,745
1,778
1,752
1,732
Real-estate holdings
do
1 838
1 854
1 740
1 812
1 801
1,743
1,868
1,824
1,795
1,959
1,875
Other admitted assets
_
do
1,827
1,980
2 053
1 989
1 862
1 966
1 959
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):
2,919
2,851
2, 584
2,757
2,870
2,779
3, 424
3, 038
3, 154
Value, estimated total!
mil. of dol._
3,735
3, 138
3, 286
3, 183
453
428
479
453
387
418
492
Group and wholesale t
do
523
641
1 050
431
602
467
508
444
535
572
551
528
602
559
520
485
Industrial!
-- -- - do
555
572
607
1,958
1,712
1,776
1,911
1,837
1,956
2, 330
1,810
1 993
Ordinary, total cf
- do_ .
2 152
2 200
2 144
2 077
126
122
116
128
124
110
155
128
New England
do
123
144
137
137
1-11
495
460
395
418
431
439
538
371
Middle Atlantic
do
450
440
490
515
480
436
424
375
398
383
402
505
426
East North Central
do
424
452
467
452
440
172
177
155
143
160
156
West North Central
do
153
201
151
189
184
173
177
233
222
180
219
237
195
233
South Atlantic
do
261
239
263
258
252
250
83
72
78
84
85
75
East South Central
do ...
96
83
S4
88
87
90
84
176
170
153
164
170
West South Central .
do
216
177
168
184
200
197
184
201
68
72
68
59
67
Mountain
do
69
84
60
86
76
""1
75
75
232
221
209
234
191
274
222
Pacific
_-_
do
197
247
251
260
247
264
Institute of Life Insurance:
Payments to policyholders and beneficiaries, esti345, 385
359, 570
383, 180
352, 150
mated total
thous. of dol_. 361, 977
437, 531
374, 908
461, 416
481, 224
3Sf>. 791
408, 692
377, 51 5
427, 419
157, 326
162, 438
167, 530
155, 700
152, 387
172, 796
Death benefits
--do
1 63, 906
196 916
1 5S 681
191 711
1 58 955
171 065
183 689
35,611
36, 873
40, 792
37, 155
Matured endowments.
do
39, 862
50, 744
40, 856
49, 479
49, 345
40, 535
41,416
45, 644
45, 376
9, 265
7,982
8,678
Disability payments
do
8,683
10, 242
8,717
8, 573
10, 241
9,495
9,041
8,804
9, 573
8,861
33, 908
33, 904
33, 732
33, 477
35, 971
Annuity payments
do
49,115
35 062
38 682
37 426
39 763
34 379
36 458
37 859
57, 780
55, 733
60, 153
54 548
Surrender values
do
65 474
58 376
64 579
79 312
79 293
62 825
66 530
67 400
71 445
54, 829
61 713
Policy dividends
do
81 787
60 515
56 837
89 160
63 686
86 805
128 668
72 941
66 561
79 921
73 ^08
Life Insurance Association of America:!
619,800
6H2, 574
581,965
Premium income (39 cos.), total
do
627, 683
640, 679
669 865
639 410
942 298
722 082
619 537
627 606
697 825
81,653
73, 494
Accident and health
do
79,316
83, 104
84 481
88 698
82 273
96 825
87 704
90 569
86 381
88 165
91,674
70,363
83, 589
72, 779
Annuities.
do
80,719
204' 911
101 219
86 309
89 843
80 333
82 751
79 300
60, 744
53,064
77 237
Group
_
do
52, 442
55, 502
56 284
71 221
57 444
66 055
56 866
49 621
63 721
69, 080
69, 463
Industrial
do.
81,955
69, 001
77,031
90 155
70 623
118 852
85 132
67 571
74 642
83' 043
316, 649
315,581
Ordinary
do
318, 226
329, 168
347,339
342, 761
312,556
450, 489
393'. 348
324, 205
337! 662
380! 145
r
2
Revised.
p Preliminary.
1 See note marked "§."
Data beginning February 1954, representing expenditures forNational security, are not strictly comparable with earlier figures
§Effective with February 1954, data are reported on a budgetary basis; they are not entirely comparable with earlier data which are as originally shown in the daily Treasury Statement.
9 Beginning July 1953, appropriations of receipts to the Railroad Retirement Account are deducted from budget receipts and therefore are excluded from budget expenditures
JRevised data for January-July 1952 for new paid-for insurance written are shown on p. S-17 of the October 1953 SURVEY; revisions for 1951-52 for premium income will be shown later.
cfData for 1953 for total ordinary insurance written include revisions not distributed by regions.
SURVEY OP^ CURRENT BUSINESS
S-18
Unles? otherwise stated, statistics through j
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1954
19 53
July
August
September
1954
October
November
December
January
February
March
April
May
June
July
21, 908
-72,700
FINANCE—Continued
MONETARY STATISTICS
Gold and silver:
Gold:
22, 277
Monetary stock, U. S
. ._. ..mil. of doL.
Net release from earmark§
thous. of doL. -171,700
2,747
Exports
do
2,255
Imports
do
67,000
Production reported monthly total
do
40,600
\frica '
do
12,900
Canada
do
6,800
United States
do
Silver:
307
Exports
do
6,548
Imports. _
do
.853
Price at New York
dol. per fine oz_.
Production:
2,354
Canada
thous. of fine oz..
3,063
Mexico
do
2, 525
United States
do ..
Money supply:
30, 120
Currency in circulation
mil. 01 dol_.
205 100
Deposits and currency total
do
2,500
Foreign banks deposits, net
do
U S Government balances
_ . . . do
9,600
193, 000
Deposits (adjusted) and currency, totaL..do
97, 400
Demand deposits, adjusted
_. do
68 400
Time deposits
do
Currency outside banks
_
do. ..
27, 200
Turnover of demand deposits except interbank and
U. S. Government, annual rate:t
36.0
New York City
ratio of debits to deposits..
25.7
6 other centers 9
^°
19.2
338 other reporting c p nters
-- do.
21, 956
-43, 300
7,074
1,555
21,958
—9,900
303
1,930
21, 965
-2,000
389
9,397
21. 969
37. 500
1.088
3,517
21,973
-48.400
774
2,004
21. 927
-16.900
541
3,831
40,800
10, 300
5,100
39, 300
10, 900
4,900
42, 400
12, 900
5,400
41. 900
12, 500
4.900
13. 400
5,000
6.100
282
3,870
.853
314
4,412
.853
128
5,618
.853
182
6,326
.853
190
4,843
. 853
134
5,124
.853
167
5. 956
.853
2,207
5,077
2,511
2,361
6,678
3,751
2, 553
4,065
3 372
2, 050
4,203
3 163
' 2, 314
2,299
3,775
' 2. 706
2.328
3.643
2. 508
2 748
3.229
3 609
30, 398
205 500
2 600
5,700
197, 300
100 300
6Q 600
27 400
30, 807
207 100
2,700
7,000
197, 400
100, 200
69 300
27, 900
30 781
209 175
2 694
5,564
200, 917
102 451
70 375
28 091
29 981
P207 100
p 2 800
v 4 400
r> 199, 800
p]02 300
P 70 600
p26 900
35.8
23 9
18 4
38.4
26.4
20.2
43.1
26 8
19 7
42.7
24 1
18 6
22. 028
22, 030
22, 077
-72. 500 -35, 100 -21, 200
3,752
2,668
3,526
2,114
4,306
2,081
64, 300
64, 900
64, 400
39, 900
40, 500
40, 300
' 9, 600
10, 000
9.600
6,200
6,800
6, 100
22, 178
-78, 800
1,881
1, 754
66,000
40, 400
11,500
6,200
22, 128
-55,000
10, 100
10, 039
65, 700
39, 800
11,700
6.200
324
6,243
.853
403
11, 873
.853
253
6,497
.853
198
5,091
.853
2,029
2,752
2 652
2,067
6,045
2.301
2,098
2,514
3, 558
30 248
204 800
2 400
9,000
193, 400
97 500
68 700
27 300
30 275
204 900
2 500
8 100
194, 300
97 700
69 100
27 500
32.2
23.6
17 8
40.2
25.9
19 3
r
29, 707
29 904
v 206 200 P 205 100
v 2 900
P 3,000
v 5 800
p6, 900
p 197, 400 p 195, 200
v 99 600 P 96, 700
t> 71 000 p 71 700
v 26 900 P 26, 900
42.7
25 5
19 2
852
2,400
227
7,146
.853
1,997
29, 735
29 370
29 892
29 922
p206 200 v 207 600 P 209 400 P 209 200
p 3 100
v 3 100
P 3 °oo
p 3 400
r> 5. 800
p 6 400
p 5 100
P 7 500
p 197, 300 p 198, 000 p 198. 700 p 200, 600
p 98, 600 P 98, 700 P 98 ^00 P 100 100
p 72 000 P 72 500 p "3 300 P 73 700
v 26. 700 p 26 800 j> 27 100 P 26 800
41.3
27.5
18.8
44.6
29.2
19 7
f
41.9
25.5
18 8
44 2
r 26 8
1° 7
41.6
25 0
18 8
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC) :*
Net profit after taxes, all industries mil. of dol..
Food and kindred products
-do
Textile mill products
_ .
do
Lumber and wood products (except furniture)
mil. of dol. .
Paper and allied products
do
Chemicals and allied products
do.-..
Petroleum refining .
...do
Stone, clay, and glass products..
..do
Primary nonferrous metal...
.-...do
Primary iron and steel
-do
Fabricated metal products (except ordnance,
machinery, and transportation equipment)
mil. of dol- .
Machinery (except electrical)
do
Electrical machinery
... do.
Transportation equipment (except motor vehicles etc )
mil of dol
Motor vehicles and parts
. do
All other manufacturing industries
do
Dividends paid (cash), all industries _
do
Electric utilities, net profit after taxes (Fed. Res.)t
mil. of dol
Railways and telephone cos. (see p. S-23).
2 871
275
77
2 595
174
32
47
116
252
545
121
104
236
2 591
190
33
24
105
238
624
80
109
205
142
210
159
103
184
163
84
229
173
68
236
282
1, 244
80
233
218
1,796
90
291
236
1 302
235
268
324
14
114
282
543
68
99
167
.
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
1
2,324
capital and refunding)
mil. of doL.
1,210
1, 111
830
644
898
i 1, 117
1, 442
1 537
1 304
i 977
i i 344
2,219
New capital, total
_
do
1 142
758
1 033
783
497
1 346
1 167
2,161
974
Domestic, total.
do
1,141
745
762
835
1 266
495
1 329
1 087
Corporate
._ _. do ...
1,388
315
421
584
441
358
705
239
485
490
Federal agencies
do
32
0
30
0
0
76
0
99
114
39
Municipal, State, etc
..do
404
773
477
527
398
462
393
255
557
730
1
3
8
Foreign
._
__
do
58
44
22
59
13
17
81
Refunding, total
do
69
72
106
146
115
98
78
140
191
136
72
Domestic, total
do ...
69
106
146
115
78
140
98
191
136
2
11
3
24
Corporate _
do
36
15
20
112
71
56
Federal agencies
do
62
140
55
115
94
67
88
76
58
2
f
2
4
2
8
3
Municipal, State, etc
do.-..
2
3
7
Securities and Exchange Commission^
r
1,928
1, 453
Estimated gross proceeds, total
do
1,948
3,506
2,736
2, 59U
2,291
1,386
1,655
1,947
2, 438
1,913
4,386
By type of security:
1,815
Bonds and notes, total..
do....
1,381
2.507
2,064
2,642
3,400
1.545
1,297
1.726
' 2, 189
1,811
4,184
1,699
407
Corporate
do
263
920
676
1 385
462
375
353
366
808
513
408
647
Common stock
do
82
48
65
69
63
210
87
51
90
111
M8
144
73
31
Preferred stock
do ...
44
18
49
37
43
27
20
131
69
110
130
By type of issuer:
520
336
768
Corporate total
do
459
1 478
571
603
456
1 057
726
1 057
628
850
53
57
423
135
48
Manufacturing
do
136
134
101
414
88
208
110
' 311
5
7
21
Mining
-.
do
19
38
41
34
44
41
20
29
76
36
299
279
214
98
246
249
202
362
Public utility
do
272
367
314
448
507
1
9
6
10
25
Railroad
do
10
48
60
43
30
16
31
9
4
7
6
27
21
31
Communication
do
13
611
90
41
31
26
43
27
124
45
246
81
Real estate and
financial
do
48
12
193
52
52
160
90
r
1,408
1,831
1,117
Noncorporate, total
do
3.047
1, 258
1,689
1,083
891
930
1, 186
1.381
1,319
3,537
884
853
423
1.320
1,070
U. S. Government
do
2,610
561
508
511
515
602
523
2,669
522
476
260
25H
411
483
State and municinal
.do
'8=15
735
783
414
522
777
399
r
l
Revised.
» Preliminary.
Includes International Bank securities not shown separately.
§Or increase in earmarked gold (—).
tJKevised series. Data reflect chanee in number of reporting banks and centers. Monthly figures for 1943-53 for New York City are shown on p. S-23 of this issue of the SURVEY'
revised data for other reporting centers will be shown later.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
*Newseries. Compiled jointly by the Federal Trade and Securities and Exchange Commissions, Data are estimated totals based onreports from all manufacturing corporations registered
with SEC, all nonregistered manufacturing corporations with total assets of $5,000,000 and over at the end of 1949. and a sample of nonregistered manufacturing corporations with total assets
of less than $5,000,000 at the end of 1949. Comparable data beginning with the first quarter of 1951 are available upon request.
^Revision for 1950-lst quarter 1953 for electric utilities (net profit after taxes) and for 1952-February 1953 for SEC data on securities issued will be shown later.
SURVEY OF CURRENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-19
1954
1953
July
August
Septem- October
ber
November
December
January
February
March
April
June
May
Julv
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission^— Continued
New corporate security issues:
Estimated net proceeds, totaL
mil. of doL.
Proposed uses of proceeds:
New money total
do
Plant and eouipment
do
Work inCTcapital
..do
Retirement of securities
do
Other purposes
do
Proposed uses by major groups:
Manufacturing total
do
New money
do
Retirement of securities
do
Mining total
do
New money
do
Retirement of securities
do
Public utility total
-do
New money
do
Retirement of securities
do
Railroad total
do
New money
do
Retirement of securities
do
Communication total
do
New money
do
Retirement of securities
do--.Real estate and financial total
do
New money
do
Retirement of securities
do
State and municipal issues (Bond Buyer) :
Long-term
thous. of dol._
Short-term
do
510
330
757
590
451
1,464
563
448
713
616
836
1,041
1, 043
459
364
95
27
24
270
161
109
5
55
691
423
268
4
62
550
430
120
12
28
406
301
105
22
23
1,413
1,111
303
26
25
531
485
46
18
13
410
338
72
9
29
590
473
117
53
70
471
389
82
129
16
614
472
142
183
38
812
635
182
47
684
581
104
316
42
133
108
17
19
18
0
209
206
1
9
9
0
20
15
2
43
32
3
46
33
2
6
5
56
50
2
38
37
0)
356
334
5
6
6
0
13
11
0
80
74
3
99
77
6
18
17
0
245
225
16
10
10
0
5
5
0
45
44
0
418
400
9
37
34
1
200
184
8
59
59
0
608
608
0
47
40
1
134
111
16
32
29
1
276
275
0)
48
48
0
26
25
0)
12
11
0
52
46
0)
123
92
0)
132
93
1
5
3
0
242
227
1
24
24
0
89
88
(')
243
239
2
18
17
0
269
258
0
30
23
7
7
7
0
51
40
0
107
95
0
29
28
0
362
306
46
16
14
2
30
22
0
88
54
0
86
76
6
39
25
12
309
237
73
31
19
12
26
25
0
51
18
25
204
181
8
34
32
1
501
327
173
1
1
0
40
40
0
26
22
1
305
256
21
74
61
0
442
381
60
7
7
0
9
8
0
159
59
97
415
397
3
43
16
24
295
153
129
43
18
25
3
3
0
191
52
130
521, 899
172, 444
260, 063
366, 327
475, 595
251, 039
482, 876
294, 113
410, 562
190, 858
777, 141
218, 734
399, 429
304, 473
414, 306
438, 195
569, 850
266, 676
735, 074
249, 648
782, 572
244, 326
254
610
237
689
243
476
262
318
268
371
210
310
158
250
136
244
160
369
183
413
116
344
117
36S
254
496
1,664
651
1,161
1,682
641
1,182
1,624
674
1,070
1,641
672
1,098
1,654
682
1,127
297
1,694
709
1,170
1,690
741
1,108
1,688
768
1,062
1,716
787
1,054
1,786
819
1,094
1,841
836
1,186
309
1,857
838
1,173
1,926
877
1,169
0)
97
86
0
9
9
0
30
29
0)
' 854, 718 257, 903
176, 741 332, 281
r
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
_
...mil. of bu.Wheat
do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
Bonds
mil of dol
. ..do
do
do
Prices:
Average price of all listed bonds (N. Y. S. E.),
100.91
96.74
100. 64
95.82
98.32
99.32
97.59
100.28
95.58
100. 00
97.30
total§
.
dollars101.00
100. 71
97.18
101.31
96.22
101. 04
99.74
98.74
98.03
100. 68
95.96
97.72
100. 40
101.41
Domestic
do
101. 12
75. 25
78.34
78.67
74.44
76.30
77.49
75.70
77.17
74.79
77.64
75.78
Foreign
do
78.17
77.60
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f issues):
110.9
117.9
110.7
113.5
112.5
117. 5
114.6
116.5
111.4
113.6
Composite (17 bonds)
dol. per $100 bond_.
117.5
118.1
117.0
116.9
125.6
122.3
115.1
126. 9
125.4
123.6
119.7
116.9
121.4
123.6
Domestic municipal (15 bonds)
do
123.9
123.9
93.
40
99.87
92.98
100.
36
97.42
95.85
95.28
98.62
92.89
94.98
U. S Treasury bonds, taxable
- - do
99.68
100. 36
99.49
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
56, 270
53, 136
83, 039
62, 397
79, 128
46, 982
74, 769
80,038
48, 741
87, 702
Market value
thous. of dol._
92, 201
73, 721
73, 701
64, 949
61, 895
92, 499
77, 035
91,416
91,677
97, 078
Face value
do
54, 677
102, 829
83, 764
56, 894
84, 141
82, 290
New York Stock Exchange:
54, 572
51, 954
45, 364
81, 229
60, 529
78, 470
77, 099
86, 220
47, 433
Market value
do .
72, 601
90,201
72,116
72,013
60, 238
62, 723
74, 607
52, 327
89, 996
88, 486
94, 863
Face value
do
81,102
88, 276
55, 102
100, 365
82, 136
80, 225
New York Stock Exchange, exclusive of stopped
55, 874
56, 308
64, 037
47, 574
79, 181
86, 352
59, 622
69, 272
sales, face value, total§
thous of dol
75, 856
75, 165
73, 779
83. 871
77, 847
1
0
0
8
0
U. S. Government
do
0
6
0
0
0
10
0
0
55, 874
56, 308
64, 029
47, 574
79, 181
86, 352
Other than U. S. Government, total§
do
69, 271
75,166
75, 850
59, 622
73, 779
83, 861
77, 847
48, 477
49. 468
57, 153
65, 421
62, 126
72, 247
Domestic
_
_
do
41, 087
62, 595
53, 034
64,443
64, 860
74, 966
68, 552
7,293
6,795
Foreign
do
6,455
13, 691
6,861
6,727
13, 102
13, 970
10, 629
6,499
8,822
8,781
9,238
Value, issues listed on N. Y. S. E.:
100, 279
93, 472
94, 572
100, 010
101,246
96, 506
107, 976
99, 828
Market value, total, all issues§
mil. of dol
107, 646
108, 356
105,094
105, 582
105, 727
98, 419
91, 599
92, 613
98, 142
99, 162
94. 549
105, 867
105, 557
97, 871
Domestic
.
do
106, 255
102, 990
103, 474
103, 608
1,390
1,406
1,400
1,441
1,421
1,395
1,406
Foreign
do
1,424
1,406
1,436
1,440
1,437
1,445
104,
651
96,904
96,
620
104,
634
99,
184
101,
539
107, 286
101,
936
Face value, total, all issues§
do
107,346
107, 288
105,091
104, 835
104, 770
102, 284
94, 259
94, 471
102, 269
96, 754
104, 782
104, 843
99, 419
99, 122
Domestic
do
104, 781
102, 577
102, 325
102, 268
1,867
1,861
1,842
1,865
1,842
1, 858
1,839
1,838
1,856
Foreign
do
1,843
1,849
1,844
1,837
Yields:
3.55
3.45
Domestic corporate (Moody's)
percent
3.54
3.51
3.14
3.23
3.34
3.39
3.38
3. 15
3.12
3.13
3. 16
By ratings:
Aaa.
do
3.28
3.11
3.24
3.29
3.16
3.13
2.86
2.95
3.06
2.89
2.85
2.38
2.90
3.42
Aa
do
3.39
3.43
3.33
3.22
3.28
3.27
3.12
3.03
3. 04
3.00
3.03
3.06
3.62
A
do
3.56
3.56
3.40
3.47
3.40
3.25
3.35
3.16
3.15
3.15
3.17
3.18
Baa..
_.
do
3.86
3.85
3.88
3.82
3.74
3.61
3.75
3.51
3.71
3. 50
3.47
3.47
3.49
By groups:
Industrial
-do
3.42
3.39
3.33
3.37
3.28
3.27
3.12
3.23
3.05
3.04
3.06
3.10
3.10
Public utility
.
do
3.56
3.54
3.46
3.58
3.38
3.23
3.31
3.37
3.14
3.13
3.13
3. 13
3.15
Railroad
do
3.67
3.65
3.51
3.61
3.56
3.52
3.35
3.47
3.24
3.21
3.19
3. 23
3.23
Domestic municipal:
Bond Buyer (20 bonds)
do...
2.92
2.92
2.82
2.69
2.46
2.58
2.60
2.39
2.44
2.49
2.51
2.26
2.40
2 gc
Standard and Poor's Corp. (15 bonds) . . .do
2.99
2.88
2.89
2.72
2.62
2.39
2.50
2.59
2.49
2.47
2.31
2.48
U. S. Treasury bonds, taxable
_.do
2.99
3.00
2.97
2.83
2.85
2.68
2.79
2.60
2. 51
2.52
2.47
2.47
2.54
r
Revised.
* Preliminary
1 Less than $500,000.
J Revisions for 1952—February 1953 will be shown later.
§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price of
all listed bonds.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 11)54
1954
1953
July
August
September
October
November
December
January
February
March
April
June
May
July
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks
C?sh dividend payments publicly reported:
Total dividend payments
mil. of doL.
Finance
do
Manufacturing
_ do
Mining
do
Public utilities:
Communications
do
Heat light and power
do
Railroad
do
Trade
do _
Miscellaneous
do
Dividend rates, prices, yields, and earnings,
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
1, 252. 5
SO. 4
810. 5
P4.5
576. 0
137.0
200.6
5.6
220. 9
52.0
88.0
2.5
1, 235. 3
86.4
796.1
86.2
553.3
100.1
205. 9
6.9
232.4
52 5
102.0
2 5
1,715.2
170. 6
1,081.7
141.3
689.5
134.7
239.8
8.3
244.1
68.9
84.2
1.9
1, 274. 5
78.7
833. 1
93.9
588. 3
108 0
212.5
6.8
227. ()
55. 8
96.7
2 1
104.3
66.3
14.1
39.2
8.9
1.0
55.4
10.0
7.6
4. 4
51.8
94.7
49.3
50.8
19.9
104.0
65.9
17.4
41.8
11 3
1.1
57.0
2.9
7.8
6.4
43.7
100.3
87.4
48.8
41.4
104.4
68 0
32. 3
92.3
9 6
1.1
56 9
10.1
17 0
4 0
39.4
102.3
60.0
43.8
23 2
107.6
70 2
21.7
51 3
7 2
1.1
57 3
2.9
7 6
4 1
38.4
100. 7
55.2
37.4
23 4
107.2
06.3
13.7
48.2
7.1
3.98
4.15
2.01
3.09
2.82
3.10
3.99
4.16
2.07
3.11
2.82
3. 10
3.98
4.15
2.07
3.11
2.82
3.10
4.06
4.25
2.07
3.13
2.83
3.12
4. 08
4.26
2.09
3.21
2.87
3. 16
4.08
4.27
2.09
3.21
2.97
3.26
4.11
4.30
2 09
3.25
3 01
3 26
4.14
4.34
2 11
3.24
3 01
3 28
4.14
4.34
2.13
3.11
3.01
3 37
4.18
4.41
2 13
3 11
3 01
3 37
4.22
4.47
2 13
3 11
3 01
3 37
4.22
4.47
2 13
3. 14
3 01
4,24
4.47
2.13
3.15
3.01
3 37
Price per share, end of month (200 stocks). -do
Industrial (125 stocks)
do_ __
Public utility (24 stocks)
do
Railroad (25 stocks)
do _
72.87
76.24
36.81
49.03
69.34
71.85
37.16
44.39
69.51
72.09
37.20
43.61
72. 59
75.90
38.59
45.18
73.79
76. 97
39.70
45.56
73. 50
77. 06
39.61
43.18
77.11
81.37
40.87
46. 58
77. 85
81.98
41.42
46.80
80.56
85.53
42.56
46.40
84.67
90 76
42.91
47 16
86. 51
92 86
43.79
49 63
87. 60
94 84
43. 91
50 01
91.97
98. 49
40. 07
52. 98
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: §
Combined index (480 stocks) ._ -1935-39=100.Industrial, total (420 stocks) __ __ do. _
Capital goods (129 stocks)
do
Consumers' goods (195 stocks)
do
Public utility (40 stocks)
do
Railroad (20 stocks)
do
Banks, N. Y. C. (16 stocks)
do
Fire and marine insurance (17 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. of dol__
Shares sold
thousands
On New York Stock Exchange:
Market value
.mil. of dol
Shares sold
. thousands-Exclusive of odd lot and stopped sales
(N. Y. Times)
thousands.
Shares listed, New York Stock Exchange:
Market value all listed shares
mil. of dol
Number of shares listed
millions.
5 46
5.44
5.46
6.30
4.59
3.40
5.75
5.79
5.57
7.01
4. 55
3.46
5 73
5.76
5.56
7.13
4.53
3.40
5 59
5.60
5.36
6.93
4.45
3.35
5. 53
5.53
5.26
7.05
4.28
3.32
5 55
5.54
5.28
7.43
4.61
3.26
5 33
5.28
5.11
6.98
4.72
3.20
5 32
5.29
5. 09
6.92
4.77
3.08
5 14
5. 07
5.00
6.70
4.81
3.17
4 94
4 86
4.96
6 59
4 66
3 08
8.08
2.78
8.76
7.76
2 85
8 49
4
4
4
6
4
2
88
81
80
27
62
94
d
39
4'
4
0
4
2
"4
s~,
0$
.'9
*8
525. 8
130.6
14,19
2.3
4 ?,|
4.54
4. 50
5. 95
4. So
2. 73
f 8 05
T 9 QT
r 4 t'O
7 75
2 81
3 14
4.37
4.30
4.30
4.19
4.15
4.20
4.15
4.08
4.04
4.02
4.03
106. 08
270. 32
49.03
105. 68
106. 21
272. 21
50.40
103. 12
100. 98
261. 90
49.16
94.46
103. 58
270. 73
50.53
95. 44
105. 82
277 10
51. 57
97 23
106. 74
281.15
52. 54
96.37
103. 86
286. 64
53. 33
98.17
111.55
292. 13
54.39
102. 44
113.11
299. 15
55.64
101.38
115.94
310 92
56 39
102 01
120. 74
322 86
57 37
108 62
185. 5
200.1
185.9
171.7
119.2
173.7
117.6
208.5
187.3
202.1
188.1
172.8
121.1
170.2
121.4
215.7
179.2
192.6
180.2
165.4
119.6
156.1
119.6
209. 7
183. 4
197.2
186.7
168.8
122.2
156. 7
122.6
215.5
187. 5
202.3
192.2
171.0
123.6
158. 5
124.8
225. 6
190.7
206.2
197.0
172.9
125.2
156.9
124.3
229.4
195. 4
211.9
201.0
177.0
126. 7
159. 5
122.8
238. 0
199.6
216. 5
204.8
178.1
128.8
165.8
121.7
243.7
204.9
222.9
211.7
180.5
131.0
165. 4
120. 7
248.1
212.7
233 1
225 3
184 6
132.5
163 7
121. 8
249 1
1,073
42, 528
1,119
42, 437
1,248
53, 392
1,170
50, 610
1, 188
52, 290
1,568
65, 081
1, 533
64,873
1,700
60, 104
2, 043
75, 234
903
28, 809
946
29, 841
1,068
38,011
995
36, 557
1.010
37, 872
1,344
45, 458
1,296
47, 313
1,458
43, 482
1,751
52, 932
4.04
4. 05
69
01
<>2
89
127.00
341 27
59.43
110 05
219.8
241 5
235 9
189 2
134 9
173 0
124 8
2GO P
221.8
24^ o
241 6
19" °
!?"• 0
2^5 1
231.1
254 5
255 9
202 4
139. 5
184 1
131.3
28? 3
2,173
84 949
2,122
r 84 979
2, 105
88 079
2. 453
89 573
1,879
62, 793
1,846
61, 746
1 8°3
61 609
0
144
07 359
122
327
11
110
\~r 7
\2^ «
22, 234
23, 893
27,172
25, 728
26, 684
36,159
33, 375
33, 295
44, 132
43. 867
41,913
42 -?0o
51,854
115.886
2, 882
110, 750
2,889
HO, 479
2,892
115,428
2,902
117.478
2, 918
117,257
2,927
123.190
2, 931
124, 906
2,937
129, 122
2,943
134, 586
2, 967
137 928
2 979
139 ].*'<
3 047
145 843
3. 063
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)?
Exports of goods and services, total
Merchandise, adjusted
Income on investments abroad
Other services
mil. of doL.
do
do __.
do
4,910
3, /2S
450
738
0
585
673
Imports of goods and services,
total
Merchandise adjusted cf1
Income on foreign investments in U. S
Military expenditures
Other services cf
do
do
do
do
do _.
4, 239
2,679
100
653
807
3, 939
2. 596
143
679
521
Balance on goods and services
do
+677
+1.291
..do
do
do
-1,352
-120
-1,232
1.375
—117
-1,258
U. S. long- and short-term capital (net), total. do
Private
- . do
Government
do
-210
-31
-179
-213
-192
Foreign long- and short-term capital (net)
do
Increase (— ) or decrease (+) in U. S. gold stock
mil. of dol. -
+448
+232
+302
+130
Unilateral transfers (net), total
Private
Government
_.
+135
Errors and omissions
do
65
r
Revised.
*> Preliminary.
§ Number of stocks represents number currently used; the change in the number does not affect the continuity of series.
SURVEY.
c? Excludes military expenditures.
T
T
5. 230
-00
4. 707
3. (>33
r
r
T
404
070
5, 6- J 9 j
470
3,717
*> 514
* 100
' 592
r 505
4 iog
r
+1 050
1 "70
r
-1 350
T
—100
\ 250
1 3H '
r
T
r
r
r
r
200
3"8
+122
109 i
OOs
601
1 4 iS
— 34~i
'"«>
+443
+56
4-3
' +13
97
:
% Revisions for 1940-53 appear on pp. 16 and 17 cf the July 1954
SURVEY OF CURRENT BUSINESS
September 1954
S-21
15 53
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July
August
September
1954
October
November
December
January
February
March
April
May
June
July
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE
Indexes
Exports of U..S. merchandise :cf
Quantity
Value
Unit value
Imports for consumption :cf
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
..
A.diu^ted
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
1936-38=100..
do
do
274
553
202
237
482
203
249
511
205
248
508
204
248
506
204
270
550
203
218
443
203
238
479
202
225
457
203
284
578
203
281
570
203
2%
600
2C3
-
158
435
275
147
407
278
162
453
279
145
401
277
149
409
275
159
437
276
149
411
276
144
398
277
153
426
279
161
460
285
141
405
°86
104
4"*4
289
73
99
73
89
81
67
78
59
87
70
90
73
72
69
82
94
89
Q7
90
114
92
119
9°
1 39
do
do
126
157
115
120
130
107
122
98
135
116
123
108
100
99
107
125
114
123
119
141
133
156
120
do
do_. .
100
111
91
99
116
119
87
86
99
101
107
106
103
100
95
94
101
90
115
108
96
98
106
114
Water-borne trade:
Exports, incl. reexports© --..thous. of long tons..
General imports
..do__ .
7,018
8,994
6,889
8,590
6,581
9,187
6,408
8,688
5,776
8, 830
4, 887
9 148
3, 751
8 435
3. 855
8 198
3, 965
r 8 799
5, 616
8 211
do
do
do
1924-29=100..
do
-
Shipping Weight
Valued 1
1,357
1,184
1,254
1, 251
1,244
1,349
1, 091
1, 180
1,123
1,422
1, 398
1,474
44, 413
173, 574
197, 874
244, 942
125, 598
114,647
42, 128
165, 318
190, 346
233, 453
108, 546
123, 362
50, 689
191,936
239. 015
238, 492
136, 806
132, 871
32, 386
171, 760
243, 996
246, 993
142,480
129,313
37, 917
198,150
246, 392
224, 566
130, 196
133, 791
39 953
231, 508
296, 10.8
210, 795
146, 649
152 297
36 195
1 69, 867
21 8. 351
199, 403
131,036
116 «41
40 384
197 658
245 441
207, 846
129, 771
123 924
28 815
174 333
9
22 037
244, 985
115,000
96 228
61 2(I3
234 44 6
304 407
256, 825
166.830
177 354
49 -.{22
202 604
278* 147
268,314
132, 571
146 626
181 712
292 ")75
242, 929
125,654
8,234
18,351
10, 191
14, 430
4,428
17, 036
3,280
13, 586
4,224
13,412
2 692
16, 053
2 545
18, 083
2 724
19, 390
4 028
12,147
3 794
28, 41 2
3 407
21, 447
9, 248
2 9»2
0
24, 185
47, 200
10, 246
27, 767
7,121
2, 530
0
19, 549
51,956
11,827
20, 862
13, 657
2,417
0
27, 976
61,092
8,327
30, 603
9,277
2, 065
0
21, 969
62, 760
7, 533
28, 803
19,015
2, 542
0
24, 072
75, 263
8, 156
23, 610
18,394
9
996
0
19, 845
83 229
8 131
33. 300
8. 710
1 576
0
10,019
75 879
6, 876
20, 551
13, 046
2 691
11,685
1 926
13, 293
79 885
5 943
25 857
18, 323
2 gc,7
0
21 326
61 793
8 740
26 467
14 38°
17,369
83 167
7 112
25 808
14,986
9 269
4
24 617
79 064
7 196
35' 048
18, 351
24, 764
16, 977
5
32, 144
18, 705
23, 266
16, 555
0
34, 364
31,477
26, 890
22, 142
0
60, 461
29, 889
40, 023
16, 368
1
50, 781
23, 772
33, 368
24, 101
2
50, 003
30 837
37, 905
27 685
1
61,665
22 990
31, 759
2? 145
0
44, 560
27 649
39 292
21 6°5
3
49 890
9() 399
44 769
15 627
2
39 828
31 693
44 609
27 9 9t i
44. 504
25 439
38 280
26 95 r )
]
48 226
34 072
34 337
32 186
23
244, 934
226, 247
6, 499
20, 265
6, 637
22, 994
37, 276
52,481
41,429
1,349
233, 442
220, 505
9,924
23, 847
7,244
24,301
27, 585
48, 258
40,061
1,175
238. 472
256, 548
12,512
29, 088
8,528
24, 571
38, 108
54, 668
37, 446
1,245
246, 985
257, 574
6,617
21,686
11,471
25, 560
37,157
65, 339
46,411
1,238
224, 532
250, 198
10,812
24, 792
9, 583
24, 841
36,154
54, 172
44, 763
1,234
210 788
283,025
11,498
33,387
12, 933
27, 887
39, 008
63,087
47, 883
1,340
199 399
235, 987
9, 527
25, 030
5,241
21,221
33, 185
53,159
39, 202
1,079
207 840
242, 599
7 748
31 347
4,580
22, 743
34, 305
56, 622
41, 001
1, 168
244 982
202, 407
4 594
23 900
5,050
17, 312
28, 386
57, 758
34, 652
1,114
256 819
325, 675
8 183
46 78i
7, 586
33, 673
40, 234
62, 270
56, 372
1,409
268 311
264, 358
6 Or>8
40 603
5, 494
29,510
36, 72!
53, 953
47, 433
1, 389
96, 978
82, 121
60, 573
110,630
998, 506
120, 432
73, 443
50, 676
105, 998
824, 689
145, 424
82, 105
55, 525
123,970
837, 978
152, 414
70, 148
60, 607
129. 479
825, 435
159, 762
69, 739
76, 108
127, 476
800, 689
1 86, 780
55, 534
68,016
154,668
874, 642
133, 430
44 835
54, 783
131 682
714, 482
134, 323
53 436
63, 030
141 730
775, 785
137, 969
55 716
64, 984
133 096
722, 730
157 721
65 788
62, 689
165 744
957, 355
168 747
144 214
65 693
7" 746
61,772
67, 124
151 939
151 879
951, 972 1, 014, 906
196,812
21, 175
20, 617
90, 883
14, 795
19, 327
196, 970
35, 154
19, 726
73, 083
14, 735
25, 696
245, 254
37, 165
20, 044
88, 178
15, 525
52, 876
242, 957
40, 168
22, 243
77, 878
16, 124
41, 531
280, 338
44, 570
20, 031
85, 747
20, 174
40, 868
301, 461
68, 347
18, 294
70, 227
22, 167
52, 532
204, 987
54, 136
15, 755
55, 895
15, 950
26, 710
235, 570
71,415
19, 169
66 052
20, 005
16, 451
243, 765
80, 369
22, 105
59 301
15, 060
17, 826
258, 227
78, 980
21. 274
65 146
21,800
22, 355
254, 467
64, 484
27, 766
70 962
22, 339
23, 085
1,151,996
112, 876
65, 670
33, 107
36, 335
978, 267
97, 538
62, 010
36, 438
33, 229
999, 749
99, 481
77, 759
35, 593
36, 227
995,125
88, 891
70, 601
35, 164
38, 481
953, 437 1,038,179
82, 773
94, 660
69, 931
82, 305
27, 837
18, 483
39, 424
44,615
874, 224
100, 614
64, 245
18, 261
39, 822
932 734
113, 927
73, 166
15 669
39, 077
870 730 1 151 071 1 134 467 1 195 773
102, 837
147, 193
134, 634
113,054
66, 613
103, 184
90, 425
86, 590
15 521
23 309
27 964
29 701
35, 791
49, 984
39, 682
38, 650
238, 612
14,032
26, 756
62, 529
22, 777
103, 624
214, 577
12,411
23, 922
58, 240
16,619
96, 106
238, 343
11,367
27, 081
62, 069
21, 519
105, 424
221, 589
7,416
24, 828
64, 098
19, 868
94, 783
213, 727
6 682
24, 479
58, 717
18 125
95, 010
192, 899
8 846
20, 027
56 513
16 235
82 577
217
11
24
56
20
94
198
13
24
51
11
90
Exports, including reexports, totall
mil. of dol_By geographic regions:A
Africa
thous. ofdol
Asia and Oceania
do__ _
Europe
.
do
Northern North America
do
Southern North America
do
South America
__ __
do._
Total exports by leadlne countries:A
Africa:
E gypt
.
do
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
.do
British Malaya ,,
do
ChinaO
-do
India and Pakistan
.
do
Japan
do
Indonesia
do
"Republic of the Philippines
do
Europe:
France
__
-do
Germany .
do
Italv
do
Union of Soviet Socialist Republics _ do
United Kingdom
do
NTorth and South America:
Canada
do
Latin American Republics, total
__do
Argentina
__
do_
BraziL.
do
Chile
do
Colombia
..do
Cuba
do
Mexico
do
Venezuela
do
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.
Paeking-house products
___do
Tobacco and manufactures
do
Nonagricultural products, total
Automobiles, parts, and accessories
Chemicals and related products!
Coal and related fuels
Iron and steel-mill products
Machinery, total§
Agricultural
Tractors, parts, and accessories
Electrical§
Metahvorking§
Other industrial
do
do
do
do_
do
do
do
do...
do
do
do
248, 795
7 831
27, 993
65 096
23 064
112 997
o
501
107
829
890
699
039
o
970
170
211
613
859
927
T
297 191
258 435
32 1S4
77 n461
30 369
1 C 01 ri
2 9' t\i
135 18P
ap q/3i
m
nQ7
p 1,291
9
1 323
_.
1° 364
47 777
_ _ _
262 902
1 1 396
49
fy" g
6, 074
31,3.o4
34, 109
48, 165
41,618
r
1 463
267, 290
83, 706
28, 400
58 97^
19, 647
23, 215
243 638
?7 762
t ">r'
A'ir\
i no ^QG
Petroleum and products.
_. .„ do.
55, 787
54, 461
55, 009
53 910
58 430
61 315
51 575
51 614
45 500
Textilesand manufactures.
___do
1 793
47,
45,007 1
56, 302
55, 935
53. 218
5o! 214
47,' 532
52,312
43, 961
51, 469
65, 593 '
49, 758
' Revised. * Preliminary, d" Revisions for 1952 and January
will be shown later,
.- . 1953
- ..---.0Excludes special category" shipments and all commodities exported under foreign-aid pror—.
grams as Department of Defense controlled cargo.
"
argo.
ITotal" exports and" data
by economic classes and commodities include shipments under the Mutual Security Program
Total MSP shinP
ments_are as follows (mil.
dol.): July 1953-Ji
" 1954, respectively-397.7; 274.1; 203.7; 233.5; 215.9; 215.3; 169.3; 184.4; 203.6; 167.4; 264.2; 359.3- 249 3
,
-~ July
A
AExcludes
shipments under MSP and "special category" shipments not made under this program.
©Including Manchuria beginning January 1952
9 Data for semimanufactures
report
>rted as "special category type 1" are included with finished manufactures.
§Excludes "special category type 1" exports
<*HLUU>
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through |
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey ;
September 1954
1954
July
August
September
October
No v e m
b e r -
December
January
February
March !
April
May
June
July
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE—Continued
Valued" — Continued
General imports, total
thous. ofdoLBy geographic regions:
Africa
do
Asia and Oceania
do
Europe
do
Northern North America
do
Southern North America
do..
South America
do
By leading countries:
Africa:
Egypt
do
Union of South Africa
do
Asia and Oceania:
\ustralia including New Guinea
do
British Malaya
do
ChinaO
do..
India and Pakistan
do
Japan
_
do.Indonesia
do
Republic of the Philippines
do
Europe:
France
do
Germany
..
_
do_
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do
North and South America:
Canada
do.
Latin American Republics total
do
Argentina
do
Brazil
do
Chile
do
Colombia
_ _ .
do
Cuba
do
Mexico
do
Venezuela
do
Imports for consumption, total do.By economic classes:
Crude materials
do.
Crude foodstuffs
do
Manufactured foodstuffs and beverages do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products, total.
do.__Cocoa or cacao beans, incl. shells _
do
Coffee
do
Hides and skins
__ __
do
Rubber, crude, including guayule
do
Sugar
- .
-. do
Wool and mohair, unmanufactured
do
Nonagricultural products, total
do .
Furs and manufactures
do.
Nonferrous ores, metals, and manufactures,
total
thous. of dol
Copper, incl. ore and manufactures
do
Tin including ore
..
do__
Paper base stocks
do
Newsprint
do
Petroleum and products
do
907, 623
841,048
925, 328
813,167
848, 948
907, 692
833, 003
809, 724
857.214
957, 201
828, 797
43, 010
145, 452
204, 181
204, 113
102. 930
207, 936
44, 568
144, 884
178,909
204, 332
94, 714
173, 642
44, 537
154,099
202, 287
204, 330
80, 389
239, 686
48, 269
139, 020
197, 997
201, 636
60, 378
165, 871
50 059
134,647
196,115
207, 908
72, 240
187,978
59 790
126,544
184,572
211 715
104, 949
220 122
55 750
124 751
159,916
161 137
129, 787
201 663
60 948
118 915
155, 743
172 593
133, 550
167 977
49 774
119 609
147, 645
203 182
143, 987
193 092
70 444
159, 985
197,417
185, 912
133,205
210, 239
55 3?0
144 867
159 112
193 338
110, 380
165 766
57 234
155 108
180, 134
219 824
108, 125
226 320
1,589
6.361
786
7,273
1,632
7,099
606
6,918
975
7,637
1 149
8.248
1 433
6, 613
1,178
6,846
3 037
9.170
4,083
8,253
2 244
9 790
1 658
7 782
8,561
15,332
601
19,421
23, 727
20, 974
24,654
13,020
14, 854
1,538
15, 559
26, 491
14,912
22, 287
8,828
14, 669
537
18,891
23, 489
20. 228
27, 353
7.523
14, 884
1,291
21,353
21,917
14, 597
20 157
12 436
13, 307
361
20, 085
21, 557
14, 291
19, 493
12 105
13 898
917
1 9, 903
17,867
13,169
17 759
12 273
11 484
633
20 375
17, 693
12 577
18 535
8,361
10, 523
435
20, 932
15, 563
12, 369
19 338
4 989
11 476
374
21 491
16, 178
10 714
19 393
15 474
13,137
1, 958
20, 656
29, 510
13,542
29 362
9 046
14 780
348
17 928
22, 764
13 052
23 658
9 636
18 848
189
16 817
23, 672
17 596
31 313
20. 471
24, 388
12, 725
1,134
54, 076
13, 963
22, 889
11,470
585
44, 527
14,385
25, 169
12, 161
594
48, 132
14, 292
25,411
14, 701
929
44, 790
14, 984
22, 892
18,142
624
42, 512
12,626
20, 939
13 336
577
40, 769
11,008
21,511
8 776
711
36,911
10, 901
17, 965
11 655
717
37, 464
10 278
18, 983
10 711
'854
37 861
15, 259
28, 603
12, 719
1,342
48 370
12 229
21,750
10 865
1 065
40 429
14
26
10
1
45
680
132
754
146
042
203, 938
294. 529
27, 731
56, 775
20. 278
41,713
40, 680
26, 207
35. 643
892.610
204,159
253, 655
9,959
48, 030
17,178
42, 827
45, 095
23, 263
35, 791
835, 452
203, 842
305, 023
11,173
100, 594
11,744
52, 658
37, 530
18,442
41,035
928,130
201,441
212.168
11,426
56, 969
13,511
27, 286
19,641
19,619
35, 845
822,015
207, 660
239,125
7,513
79, 480
6,892
35, 061
17,528
21,101
35, 564
838, 233
211,639
301,367
6, 333
91,144
8,099
51,134
22, 429
27,187
42, 225
895. 958
161,075
309, 645
5, 103
80, 984
13, 832
37, 954
33, 624
31,695
42, 639
842, 609
172, 540
277, 769
7,410
49, 765
13, 782
39,911
36, 710
34 023
38, 067
816, 706
203, 150
317 260
10. 447
61 501
14, 183
41,881
43, 656
40 354
47, 129
873. 400
185, 879
324, 694
13, 539
84, 707
12,410
38, 629
48, 058
37, 854
41. 598
943. 076
219
317
11
39
37
79
38
26
40
789
005
"126
997
154
747
256
748
113
21 6, 033
157,752
101,381
231.868
185, 576
202, 744
146,711
95, 351
221,208
169, 438
226, 108
208, 542
99, 423
211,458
182. 598
210, 097
141 224
81,572
199, 990
189,132
197, 488
193 546
79, 388
185,154
182.657
203. 527
247 291
75, 445
186,412
183, 282
206, 580
932 843
81,626
174, 988
146, 572
196, 282
202 984
88, 067
166, 544
162, 829
208, 531
208 506
97, 908
182, 716
175, 740
327, 435
13, 754
102, 599
6, 405
26, 445
43, 058
27,815
565, 175
5, 506
302, 521
9,343
92, 939
6,502
21,683
43, 779
19, 485
532, 931
5,596
382, 231
7,551
155,948
6,667
27, 375
40, 400
21 , 904
545, 898
5, 186
272,174
6, 250
90, 356
4, 226
21,881
20, 588
20, 546
549, 842
3,917
321.877
5, 849
131,057
4,103
23,177
15,937
16,908
516,357
3,081
372, 263
23, 929
174,929
3,775
19, 704
16,916
14, 580
523, 695
7.924
371,131
35, 681
162,458
3,474
18,678
32, 006
19,404
471,478
6,844
339, 756
25, 102
140, 745
3,132
17, 080
36, 852
14, 636
476, 951
7,540
113,520
41.501
19,384
22, 824
48,314
59, 457
109.185
31,009
1 7, 585
27, 802
51,934
58. 201
1 05, 522
35, 075
14,997
25, 755
48.122
67, 861
97,177
31,509
17,840
26, 606
52, 514
64,157
87, 639
19, 236
16,215
24,712
49, 444
67, 400
88, 697
19,305
18,737
23, 384
53, 630
76, 506
91,097
20, 899
18,911
20, 657
42, 423
70, 314
88, 875
32, 246
12, 629
24, 873
46, 515
66, 982
r
' 946, 744 " 832, 000
193, 328
261 327
7,112
44 991
17, 863
38, 236
49, 413
23 457
38 634
829, 731 r
97] gQ7
197,819
241 098
123, 309
182, 939
197, 910
203, 466
168 214
106, 112
175 124
176 814
225, 389
199 968
110 872
°42 584
192 794
361,964
11.940
158.351
4.215
18,855
45, 467
18. 975
511,436
5. 023
427, 679
16,317
175,751
6,016
19,461
52, 405
22, 523
515, 397
6,424
327, 860
15, 049
106 465
6,693
21,401
42, 948
19, 576
501, 870
7 173
372, 183
28, 824
127, 551
4, 885
26, 949
47, 699
21,963
599. 424
5,375
96, 889
26, 202
13, 665
24, 920
53, 567
74. 328
88, 069
27, 982
12, 286
20, 532
47, 597
61,873
r
153,634
48,889
19, 782
28, 048
52. 529
67, 059
98, 1S2
31, 201
11, 223
20, 115
49, 478
65, 596
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
42, 004
40, 935
41, 782
40, 238
37, 765
39, 361
39, 035
41,402
41, 602
37, 345
Miles flown revenue
thousands
42, 344
42, 758
13, 650
13, 426
14, 768
16, 380
14, 485
16, 945
13, 494
12, 880
14, 735
14,987
Express and freight ton-miles
flown
do
14, 669
14, 780
5,352
5,541
5,400
6.313
6,134
8,834
6,093
6,816
6,070
6,778
Mail ton-miles
flown
do
6,344
6,199
2,409
2,354
2,334
2,321
2,015
2,023
2,083
2,256
2, 493
2,038
Passengers carried revenue
- do.
2,520
2,701
Passenger-miles flown, revenue-.-. _.
_do-..- 1,305,097 1,332,565 1,261,366 1, 225, 997 1, 064, 211 1,166,586 1,175,797 1, 116, 969 1, 256. 754 1,341.682 1, 363, 093 1, 525, 215
Express Operations
34, 161
31, 162
33, 728
30, 626
38, 974
29, 890
27, 425
33, 063
31,215
27, 850
Transportation revenues.
thous. of dol._
28, 003
31, 588
11,918
14, 438
15, 157
12, 166
10, 536
16,557
8,768
13, 977
12, 492
9,502
Express privilege payments
do
12, 760
9,903
Local Transit Lines
'12.9135 r 12. 9620 r 13. 0084 ' 13. 0506 '13.1814 '13.2426 "13.2911
13. 3692 '13.4114 ' 13. 5422 ' 13. 6392 ' 13. 6709
Fares, average cash ratef© -.
cents
13. 7363
''883
••830
'942
'856
905
946
'870
874
••872
803
834
Passengers carried, revenue©..
millions-806
749
Operating revenues© _ . _
._ thous. of dol.. 120, 500 ' 121,400 ' 118, 200 ' 132, 800 ' 127, 600 * 142, 100 ' 124, 700 '119,400 ' 130.. 300 ' 130, 400 ' 122, 300 '119,900
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :§
1,053
1,057
1,117
Number of reporting carriers
598 137
598, 401
559, 906
Operating re venues, total. ._._
thous. of doL_
574, 547
605, 884
546. 324
Expenses, total
do
32, 727
31,867
30, 058
Revenue freight carried
thous of tons ------—
Carriers of passengers (quarterly totals):
166
165
169
Number of reporting carriers
115,868
93, 969
78, 935
Operating revenues, total
thous. of doLi
90. 005
95, 247
81, 034
Expenses total
do
[
84 79fi
Tfi 179
92, 853
Revenue passengers carried
thousands
r
f
©Including Manchuria beginning January 1952.
Revised.
v Preliminary.
d* Revisions for 1952 and January 195- 5 will be sh own later.
operating revenues, $185,132,000; expenses, T
,---,-- ,.
- , ,
fData have been re vised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over, revisions prior to August 1952
will be shown later.
©Revisions for January-June 1953 (units as above): Fares, 12.5949; 12.6814; 12.7426; 12.7806; 12.8249; 12.8692; operating revenues, 125,700; 118.700: 129.200; 129,100; 126,500; 121,000: passengers
Digitized forcarried
FRASER
(January 1953), 946.
SURVEY OF CURRENT BUSINESS
September 1954
Unless ©therwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-23
15>53
July
August
September
October
November
December
January
February
1954
1
March | April
May
June
July
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Steam Railways
Freight car loadings (A. A. R.):d*
Total cars
thousands.
Coal
do
Coke
do
Forest products
do
drain 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
'474
'324
'1,827
4,022
678
64
238
254
38
473
347
1,930
3,153
532
49
176
198
40
361
271
1,526
4,024
668
63
222
279
76
377
359
1,980
2,797
485
47
168
188
47
179
259
1,423
2, 413
451
43
150
155
32
68
236
1, 279
2, 907
584
49
175
208
37
SO
286
1,548
2,462
421
37
158
173
24
63
253
1,332
2,412
383
34
156
166
28
58
261
1,325
2,445
378
31
157
102
31
79
253
1,350
3,345
507
37
205
228
38
303
309
1,718
2,730
439
29
163
214
23
285
235
1,342
3, 251
433
35
178
312
31
351
290
1,021
128
94
162
147
166
46
341
42
141
134
112
162
153
142
55
331
44
146
137
114
162
148
147
78
324
45
150
135
110
160
144
157
108
263
45
149
124
104
155
142
137
86
160
43
140
108
97
142
120
112
56
62
38
124
108
100
126
122
124
56
58
38
122
107
87
116
128
122
43
55
40
126
105
78
105
120
117
51
51
41
125
108
79
90
127
118
55
88
40
128
114
81
93
133
127
53
224
39
130
110
85
93
132
158
41
245
38
129
114
80
91
120
181
47
255
38
120
130
112
169
145
131
58
221
44
145
126
114
164
137
131
59
216
43
139
126
110
163
136
157
70
172
44
137
122
104
155
145
140
69
172
42
134
117
97
135
135
119
58
201
40
132
120
100
120
136
124
58
231
39
133
117
87
109
133
124
54
222
41
134
112
78
104
126
127
64
177
41
132
111
79
98
127
134
62
136
39
130
112
84
94
128
144
58
136
39
128
111
85
95
127
155
r
54
164
38
125
109
80
94
119
151
54
159
38
125
21,134
2,761
9,715
2,486
1,769
525
11, 074
1,710
1,20-2
3,546
2,530
953
7,173
730
1,609
4,346
3,326
915
25, 326
3,381
16, 656
1,388
1, 125
167
85, 062
17,637
56, 383
153
119
15
1 26, 957
33, 501
79, 358
366
247
20
112, 442
22, 045
78, 680
465
330
22
130, 775
21,318
98, 605
200
181
6
136, 335
22, 908
100, 848
261
245
0
126,845
23, 609
88, 590
393
375
15
86,150
19, 070
56, 783
699
689
0
95, 994
11 937
74, 775
740
710
24
924, 754
773, 524
76, 799
689, 467
904, 263
763, 094
66, 111
673, 210
934, 304
794, 329
62, 747
693, 896
832, 363
702, 006
61, 766
657, 496
815,400
661, 347
74, 531
697, 038
749, 826
617,122
69, 994
626, 806
722, 334
602, 716
57, 437
586, 934
802, 534
674, 217
58, 546
629, 993
765 963
637, 994
59, 645
611, 773
765, 121
638, 974
60, 395
616, 844
803, 521
666, 029
69, 271
625, 337
133,651
101, 636
81, 526
131, 112
99, 942
80, 493
133, 076
107, 331
87, 679
96,310
78, 526
58, 960
40, 445
77.917
72,108
90, 446
32, 574
17, 594
90, 983
44, 418
21, 545
102,912
09, 028
48, 804
94, 149
00. 041
38, 709
89, 396
58, 881
38, 659
98, 504
79, 680
58, 970
57, 490
1.416
2,965
54, 039
1.470
2,514
57, 276
1. 453
2,367
49, 763
1.466
2,297
45, 166
1. 520
2,770
46, 107
1. 411
2, 635
43, 047
1. 459
2,129
40, 190
1.509
2,191
45, 224
1.407
2 221
49,117
1.363
2,285
47, 037
1.443
2,644
9,943
6, 755
3,188
9,552
6,702
2,850
9,793
6,699
3,093
9,388
6,488
2,900
8,654
5,776
2, 878
8,069
5. 657
2.412
7,692
5,431
2,262
7,707
5,373
2, 334
7,084
5, 268
2,417
8,822
5,886
2,936
3,236
1,029
3,265
1,056
2,934
1,004
3,115
1,058
3,104
952
3, 587
1.020
3,159
969
2,901
777
3, 533
946
3. 408
977
3,475
1, 038
3,377
1,031
2,954
878
6.71
71
239
7.44
73
250
7.26
76
256
7.49
80
262
7.53
71
243
6. 75
60
231
0.96
72
242
7.04
75
247
6.75
74
232
7.43
73
251
6.71
75
277
7.25
75
207
6. 91
66
237
101,430
1 19, 703
55, 838
43, 029
36, 929
4,004
123, 344
91, 919
56, 963
42, 878
26, 472
4,040
116,023
69, 703
62, 355
41, 839
23, 999
2,005
83, 717
56, 746
52, 454
35, 906
21, 103
1,102
67,611
50, 160
44, 460
31, 127
18,351
434
64, 038
55., 462
43, 379
35, 332
21. 398
296
59, 348
64, 303
41, 127
20, 556
29, 009
280
62, 290
68, 680
34, 617
24, 835
34, 095
364
70, Oil
70,910
44, 905
30, 505
53, 990
395
72, 722
87, 138
52, 115
37, 804
58, 430
654
' 78, 460
91, 220
' 50, 380
39, 479
50, 770
1,190
53, 432
2,472
656
8,652
627
8,268
614
8,076
644
8,447
593
7,760
612
8,010
783
10, 278
020
8,151
621
8, 160
576
7, 559
565
7, 415
621
8,167
388, 856
227, 324
131, 298
383, 186
225, 723
126, 940
385, 576
228, 827
125, 827
399, 936
234, 531
133,915
395, 803
235, 545
128, 289
410,793
240,455
137,870
399, 014
238, 752
127, 521
388, 373
235, 457
120, 348
410,977
241, 184
130, 479
408, 652
241,991
133, 437
411,182
241, 779
135, 373
415,760
243, 104
138, 921
279, 484
43, 386
43, 105
266, 141
46, 779
43, 234
272, 718
44, 997
43, 387
276, 315
50, 474
43, 582
271,313
50, 842
43, 750
289, 333
52, 273
43, 903
271,049
50,381
43. 915
204, 804
48, 323
44, 040
287, 130
48, 277
44. 188
280, 195
50, 511
44, 350
279, 732
51,845
44, 514
285, 347
49, 889
44, 021
17,617
16, 332
528
17, 221
15, 709
816
17, 233
15, 477
1,070
17, 340
15, 543
1. 157
15,872
14. 570
689
17,991
15,721
1 , 668
15,795
14, 818
104
15 255
13, 873
593
17 525
15,074
1,028
17,089
14, 824
1,442
10, 730
15, 004
904
17 7f,8
15,445
1, 499
2,344
1.946
180
2, 370
1,803
355
2,574
1.820
522
2,609
1,951
428
2, 487
1.836
442
2,892
1,940
704
2,480
1.862
390
2,485
1,839
433
2 800
1.870
731
2 035
1,898
fOl
2,724
1,940
539
2 848
1, 999
579
2,533
2,174
232
2,420
2,139
164
2,471
2,092
249
2, 586
2, 168
301
2,403
2.097
194
2,711
2. 3S1
220
2,435
2,166
134
2,340
2,009
144
0
047
2,211
311
2 490
2,153
208
2 510
2,157
222
2 020
2, 191
285
' 3, 758
-530
* 63
r
221
'288
r
31
123
Total, adjusted
do
94
Coal
.. do
167
Coke
do
146
Forest products
do
138
Grain and grain products
do _
60
Livestock
do
213
Ore
do
42
Merchandise, 1. c. 1
.
do
139
Miscellaneous
do
Freight-car surplus and shortage, daily average:
Car surplus, total
. . number. . 32, 717
2.315
Box cars
,
do
23, 982
Gondolas and open hoppers
do
3.934
Car shortage total
do
3.400
Box cars
do
246
Gondolas and open hoppers
do
Financial operations:
'r 925, 959
Operating revenues total
thous. ofdol
Freight
do_. . 773, 526
79, 704
Passenger
. -- --do_.
r
701, 413
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous. of dol-. ' 130, 124
' 94, 422
NTet railway operating income
..do
71, 988
Net incomo J
.
do
Operating results:
53, 746
Freight carried 1 mile
....mil. of ton-miles..
1.509
Revenue per ton-mile
- cents
3,106
Passengers carried 1 mile, revenue
millions ._
Waterway Traffic
Clearances, vessels in foreign trade:
Total U. S. ports
.
thous. of net tonsForeign
do
United States. ..
.
do
Panama Canal:
Total
.._.._
-thous. of long tons..
In United States vessels
... ..do
Travel
Hotels:
Average sale per occupied room . .
dollars. .
Rooms occupied
percent of total
Restaurant sales index
same month 1929=100. .
Foreign travel:
U S citi/enf Arrivals
. ... .number
Departure^
do
Aliens: Arrivals*
. . . . .doDepartures*
do
Passports issued
.
... . ... .-do __
National parks, visitors
. .
thousands
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous. of doL.
COMMUNICATIONS
Telephone carriers:?
Operating revenues
thous ofdol
Station revenues _
do
Tolls message
do
Operating expenses, before taxes...
Net operating income
- -- Phones in service, end of month
....do
do
thousands-
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous ofdol
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 opera t in g revenues
do
r
779
642
72
018
794
540
464
597
90, 094
71, 103
91, 787
56, 960
36, 707
4. 127
Revised.
o*l)uta for July, August, and October 1953 and January, May, and July 1954 are for 5 weeks; other months, 4 weeks.
^Revised data for June 1953, $79,224,000.
*New scries. Compiled by the U. S. Department of Justice, Immigration and Naturalization Service. Data relate to the arrivals and departures of aliens, by sea and by air, between ports
of the United States and noncontiguous foreign territory. These statistics do not include border crossers, seamen, military personnel, traffic between continental United States and insular
possessions, and cruise travelers. Data prior to 1953 will be shown later. (Old series covered emigrant and immigrant aliens only.)
9 Da in beginning January 1954 cover 38 companies (those having an annual gross opera ting revenue of $1,000,000 or more). However, the smaller number of companies continues to account
for over 90 percent of the animal gross operating revenues of the industry.
SURVEY OF CURRENT BUSINESS
September 1954
1953
I nlews otherwise stated, statistics through
August
1954
N ovembor
December
May
June
232, 246
(i)
60 295
58 934
231,336
249, 837
(i)
59 984
65, 720
247, 890
216, 786
(i)
50, 544
76, 725
242, 928
62, 463
63, 425
61, 351
62, 806
64, 936
62 396
64, 029
66, 494
62 362
57 666
Hydrochloric acid (100% HC1)
do
(i)
(i)
0
0
1 084
1 539
1 063
0)
1 026
I^ead arsenate (acid and basic^
do
144, 624
159,421
145, 824
148 261
164, 122
157 485
155 156
161 134
152 456
"\Titric acid (100% HNOs)
do ._. 140,268
1,992
2.125
1.891
2.114
2, 034
1.742
1,863
1,765
1.908
1. 933
Oxygen (high purity")
mil. of cu. ft _
214, 732
196,946
222, 797
264, 625
202, 463
264, 979
248, 636
234, 740
204, 545
Phosphoric acid (50%HYPO4)
short tons, _ 195, 728
Soda ash, ammonia-soda process (98-100%
408, 351
414, 642
408. 829
395, 896
404, 856
424, 112
370,311
394. 01 5 378. 658
371 622
Na2COV)
short tons
10,177
10, 273
8. 5SO
7 752
8, 363
9 294
8 525
7 954
7 810
8 126
Podium bichromate and ehromate
do
282, 175
274, 676
276, 413
260, 651
260, 747
276 481
278, 210
262 119
267, 083
240 529
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)
41, 270
64, 740
44, 436
52 489
49, 144
58, 458
43, 957
48, 050
short tons
46, 608
49, 184
Sodium sulfate. Glauber's salt and crude salt cake
75, 609
81,479
77, 869
72, 868
64, ,569
70, 787
78, 067
71, 468
79, 857
short tons
70, 615
Snlfuric acid:
1,155,529 1,131,309 1,115,524 1,210,900 1,207,586 1,166,896 1,182,419 1, 092, 447 1,223,936 1,193,680
Production (100% H2SO4)
do
Price, wholesale, 66°, tanks, at works
22.35
22. 35
22. 35
22. 35
22.35
22. 35
22. 35
22.35
22. 35
22.35
dol. per short ton__
Organic chemicals:
Acetic acid (synthetic and natural), production
48, 871
39,012
36, 579
44, 546
40, 595
40, 132
38, 979
36,515
37,113
thous. of Ib .
28, 804
82, 359
62, 567
75, 406
48, 469
51,786
49, 075
72, 051
51,863
52 836
47 823
\cetic anhydride production
do
959
1,192
1,111
1,298
987
1,105
1,071
1,337
1, 056
\cetvlsalievlie acid (aspirin), production d o _ _ _
1,213
Alcohol, ethyl:
39, 034
29, 033
31,934
32, 594
26, 312
27, 1 1 2
30, 245
28, 995
35, 465
23 912
Production
thous. of proof gal
f
75, 490
54, 152
58, 565
71, 878
46, 976
56. 514
65, 274
51 , 403
44, 347
47, 590
Stocks total
dc
In industrial alcohol bonded warehouses
41,108
26, 183
50,364
35, 762
33, 204
38, 322
24, 978
47, 978
28, 138
thous. of proof gal _. ' 53, 721
21, 770
21, 514
20, 794
17, 457
18,390
1 8, 1 99
18, 192
19, 368
19, 452
17, 296
Tn denaturin^ plants
do
36, 557
35, 346
33, 664
34, 685
28,122
27, 880
31, 583
33, 538
33, 676
26, 171
Used for denaturation
do
2,106
962
1,944
978
1, 194
1,538
982
644
1 113
2,218
Withdrawn tax-paid
do
Alcohol, denatured:
18, 176
19, 058
18, 781
15, 149
15,213
17, 057
18, 083
18, 172
14, 171
Production
thous. of wine gal _ « 19, 649
'« a20, 893
17,451
17, 109
17, 861
17. 206
16, 580
16,210
13, 332
18,317
18 430
Consumption (withdrawals)
do
5, 575
6,412
8, 230
6, 803
7,637
5, 421
8,702
6,552
6,603
7,377
Stocks
- -. do
12,114
14, 792
13, 683
11, 448
11,485
13, 533
10, 208
12, 272
Creosote oil production
thous. of gil
15 750
9 852
6,478
4,995
7,343
6,000
5, 859
5,165
5, 909
3,018
7,356
Ethyl acetate (85%). production
thous. of lb_.
7,849
Glycerin, refined (100% basis):
High gravity and yellow distilled:
6,804
5, 235
6, 151
5,798
6, 325
6,103
7,135
7, 783
5,013
6,675
Production
do
6,037
6,136
6,883
6,400
5, 576
5,630
6, 461
5, 820
6,498
5,756
Consumption
do
15, 834
16, 591
19, 084
16,712
15, 384
17, 259
17.464
16, 529
18 422
18, 294
Stocks
do
Chemically pure:
14, 099
15, 142
10, 747
12,797
1 2, 743
11, 203
15, 966
11, 238
11,322
13 113
8,899
8, 536
9,647
8, 706
8,718
8, 558
9,618
9,229
8,809
8,877
Consumption
do
25, 580
28, 941
25, 813
25, 144
26, 142
27, 689
28,645
24, 605
29, 259
27, 986
Stocks
do . Methanol, production:
165
172
173
126
165
146
139
170
164
169
Natural (100%) t
thous. of gal ._
14, 580
13, 941
13, 861
14, 326
14,151
13, 973
12, 459
12, 063
13, 603
14, 079
Synthetic (100%)
do
20, 375
20, 277
19, 133
16, 235
19, 659
18,848
18,459
21, 409
19, 215
23, 258
Pht'halic anhydride, production
thous. of lb_.
63, 270
1 055
157, 705
1,823
263, 086
60, 122
323
149, 383
1,768
240, 342
413, 268
9, 530
287, 773
378, 233
8, 968
289, 484
54, 730
50, 383
65, 409
62, 785
October
January
Fe
ft%u-
Ap ril
1953 Statistical Supplement to the Survey
July
September
March
July
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:!
Ammonia, synthetic anhydrous (commercial)
short tons..
Calcium arsenate (commercial)
do
(Calcium carbide (commercial)
do
Carbon dioxide liquid gas, and solid
do
Chlorine gas
do
185,51.5
(0
69, 603
83, 907
241,110
193, 932
0)
66, 498
82, 948
238, 619
195, 484
(i)
64, 860
73, 793
228, 826
198, 556
0
65 562
58.615
239, 360
194, 886
(i)
61 201
48 238
227, 830
199,907
(1)
65. 499
48, 269
227, 040
209, 972
(i)
65 321
45, 521
227, 955
206, 358
(i)
53 554
46 564
206, 337
237, 535
(i)
65 072
50, 648
234, 640
1,178,073 1, 128, 85S
r
22. 35
22. 35
31,754
53, 336
1,072
30, 537
50, 342
1.227
36, 521
46, 531
37, 268
51,132
34, 608
55, 777
25, 850
20, 681
32, 636
725
30, 779
20, 353
32, 357
835
35.690
20 0*7
27, 603
697
17, 574
17 582
7,377
15 417
6,436
17,511
1 7, 394
7,483
15, 052
6, 039
14 900
15 078
6,704
5 475
6, 6S5
18 775
5, 985
6, 169
19, 201
3 740
o, 753
10, 791
11 654
8 418
27 120
14 023
9, 193
27, 161
10 190
8 002
23 520
r
162
12 905
20, 233
13, 147
19. 652
P 22. 35
FERTILIZERS
thous. of short tons.short tons
- - do
do
_
do
202
272, 139
6, 425
254, 557
5, 507
2228
296, 632
5,484
277, 369
6, 913
8
304
237, 215
5,063
212.130
7,958
2
429
307, 471
15,029
274, 173
6. 967
-362
248, 717
7,023
223,316
6,831
2399
302, 167
38, 206
252, 284
7, 325
2
512
211, 682
25, 205
180, 810
4,590
2
1,111
197, 702
40, 160
148, 378
6,519
21,772
273, 388
16, 766
242, 731
10, 444
2
1,717
239 183
13, 292
209. 516
10. 057
2
974
310 071
6,966
292, 538
8, 526
2
484
262 196
21, 272
227, 693
10,710
Imports, total+
do
Nitrogenous materials, total
do
Nitrate of soda
do
Phosphate materialst
do
Potash materials
do
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses
--dol. per short ton..
Potash deliveries
short tons
Superphosphate (100% A.P.A.)c?
Production
short tons_.
Stocks end of month
do
168, 940
132, 082
19, 489
8.434
14, 686
166, 587
133, 866
22, 949
8,694
9,288
179,010
139, 272
7,561
7,813
10 732
207, 352
142, 088
0
19, 907
21,597
152, 784
112,153
39 832
8,783
18, 320
183, 504
143, 369
45, 769
9. 553
20, 864
242, 713
204, 033
65, 277
13,062
11,271
252, 607
207, 263
44, 464
10, 909
13 324
338, 283
259, 781
89, 083
3, 725
33 633
338 161
243. 103
85 533
14 898
38 073
250 103
179, 594
67 517
20 591
8 079
225 784
178,599
98 419
14 157
3 049
57.00
130, 815
57.00
133, 370
53. 00
132, 228
53. 00
117, 982
53.00
123, 839
53. 00
1 25, 933
53. 00
155.231
53. 00
196, 283
53.00
261, 059
53.00
221 146
53. 00
147 975
53. 00
80 319
155, 831
241, 028
165, 429
253, 737
164, 870
257, 903
172, 830
257, 069
161, 878
274, 533
173, 747
290, 794
183, 643
306, 774
187, 464
286, 325
227, 694
234, 936
216.618
185 090
182, 637
198 809
165, 969
2^7 638
Consumption (12 States) §
TCxports total J
Nitrogenous materials
Phosphate materialst
Potash materials
v 53. 00
100 5^1
NAVAL STORES
Rosin (gum and wood):
Production, semiannual total
drums (520 lb.)-927, 010
Stocks, end of period
- -do
911, 120
Price, gum, wholesale, "WG" grade (N. Y.)
8.75
8.45
9.00
9.00
8.85
8.60
8.70
dol. per 100 lbTurpentine (gum and wood):
297, 270
Production, semiannual total
bbl. (50 gal.)-.
Stocks, end of period
do_ __
213, 770
.59
.59
. 59
.59
Price, spirits, wholesale (N. Y.)
dol. per gal..
.59
.61
.61
r
Revised.
f Preliminary.
' Not available for publication.
2 Data for 10 States, excluding Indiana and Missouri.
^Revisions for 1952 (also 1951 for ammonia^ and hydrochloric acid) will be shown later.
Acco
Decen
January-June, 453.
cf Prior to the October 1953 SURVEY, data were shown in short tons of 18% A. P. A. (available phosphoric acid).
° Revisions for July 1952 (units as above): Production, 19,047; consumption, 17,456; stocks ,9,126.
817, 950
828, 080
9.00
9.00
8.75
8.75
8. 65
*8. 54
.60
240, 580
196 910
.60
.60
.60
.00
P. 60
SURVEY OF CURRENT BUSINESS
September 1954
S-25
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July
August
SeP
bcr
1954
I Ortob"
November
December
January
February
March
April
May
June
July
CHEMICALS AND ALLIED PRODUCTS—Continued
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
„. thous. of lb__
1Tigh explosives
do
Sulfur:
Production
.
..thous. of long tons..
Stocks
.. d o _ _ _ .
579
61,167
754
68, 135
918
07, 850
1, 000
70, 924
971
62, 886
1, 027
54, 621
1,061
52, 752
1, 035
55, 303
941
54, 756
931
55, 918
786
55, 330
541
58, 489
527
55, 895
424
2,960
451
3, 037
416
3, 059
431
3, 057
370
3, 023
437
3, 022
469
3. 090
437
3, 170
472
3, 239
445
3, 190
4f5
3, 193
455
3,203
472
3, 259
292, 573
101,664
380, 414
277, 578
107, 680
318, 383
283, 269
121.964
280, 903
335, 478
135, 646
249, 836
368, 503
129, 803
252, 586
364,171
128, 876
264,848
354. 916
124.832
269. 246
309, 854
123, 883
257, 901
325, 234
133,470
268, 342
310, 169
118,886
262, 682
304. 763
119,467
262, 393
309, 102
113, 337
245, 855
452, 271
89, 573
251,266
46, 873
24, 062
106, 866
45, 885
31 , 975
103, 388
44, 435
30, 420
102, 327
48, 678
36, 801
91, 557
52, 507
36. 026
86,410
49, 098
29, 540
81,970
49. 251
27. 084
83, 322
47, 667
29. 878
74, 698
46, 502
31,977
72, 430
47, 6S1
28, 431
64, 371
49.641
22, 6r-fi
69, 182
46, 879
24, 157
68, S82
46,072
1 G, 1 47
72, 512
27, 357
11,148
51, 287
28, 839
10, 246
74, 408
30, 052
12, 035
90, 397
15, 939
12,762
02, 126
2, 933
11,138
79, 383
5, 296
9, 302
72, 71 1
840
9, 070
68, 768
371
9,171
46, 297
358
10, 697
41,170
2, 066
13,768
37, 253
8,317
11,047
34, 753
19, 164
11,407
44, 101
25, 603
11,038
56, 026
322
378
379
426
451
'477
614
560
592
572
596
546
595
537
545
523
542
556
475
521
429
495
382
445
366
346
970
1,077
928
1, 052
925
1, 050
961
1,084
947
1,149
1,005
1,260
1,025
1,323
995
1, 337
985
1, 323
'9] 5
1,307
793
1, 223
709
1, 150
6?9
1,088
19, 163
34, 838
1,194
33, 644
24, 499
30, 1 46
2, 82f>
27, 320
18, 622
32, 396
2, 193
30, 203
34, 728
33, 438
2,028
31,410
57, 676
38, 229
8, 186
30,043
HO. 9*8
44, 439
7. 453
36. 986
41,846
29, 458
3,816
25, 642
83,113
21,315
2, 746
18, 569
119,801
24, 502
1,368
23, 134
78, 856
43, 053
9, 01 7
34, 036
109.314
28,821
1,410
27,411
155 OT>
39, 9?6
4, 402
35, 525
23, 958
15,997
22, 263
28, 337
r 72, 838
29, 498
17, 895
37, 371
33, 743
16, 198
29, 423
27,497
13,272
25, 371
27, 066
12, 504
27, 274
30. 074
15.715
34, 128
23, 030
15,130
26, 476
29, 646
12, 569
26. 231
27, 480
8,181
19, 201
27, 599
10,433
27, 726
2P, 949
14, 877
33, 603
26, 871
16,446
31,280
26, 372
35, 997
31,411
37, 129
31, 763
43, 066
28, 8-13
35, 028
25, 938
35, 294
26, 569
38. 337
27. 982
29, 498
26, 618
38,415
37, 407
35, 863
32, 939
35, 481
30, 122
38. 165
32, 263
34, 925
23, 21 1
FATS, OILS. OILSEEDS, AND
BYPRODUCTS
Animal fats, creases, and oils:
Animal fata:
Production t
_ _ _ _ _ _ „ _ thous. o f l b _ _
Consumption, factory
, do
Stocks end of month
do
Greases:
Production
do
Consumption, factory
,
_,______._do
Stocks, end of month..
.
,-.do__..
Fish oils:
Production!
do
Consumption factory
do
Stocks end of month
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production crude!
mil o f l b
Consumption crude, factory!
do
Stocks, end of month:!
Crude
do
Refined
-_
____.--do__..
Exports _
_„_.__
Imports, total t
Paint oils
All other vegetable oilst
Copra:
Consumption,f factory. _
Stocks end o month
Imports..
Coconut or copra oil:
Production:
Crude
Refined
_
Consumption, factory:
thous. oflb. .
^o
_ _ _ _ _ _ _ _ ..do
do
short tons
c*o
do
_
___. thous. o f l b _ .
_ do
r
r
T
r
39, 210
45, 682
47 583
42, 633
46, 930
43, 428
57, 539
45, 550
50. 243
46, 730
48, 8^9
35, 503
22, 478
27,318
27, 356
29, 108
23,010
22, 544
Refined
do
22! 369
33, 455
30, 309
27, 788
27, 072
28, 659
20, 60S
Stocks, end of month:
41,803
37, 393
53,116
46. 250
54, 809
69, 403
Crude
_
do
49, 372
66, 970
60, 680
43, 216
45, 345
52, 308
44,
3"
3
8,732
9,019
1 1, 260
13, 650
9,540
16, 249
Refined
do
10, 625
13, 843
10, 691
8,884
10. 437
10, 950
10, 121
8,013
11,774
12, 258
10, 975
Imports ,
__
do
17, 550
13,625
15,868
1 4, 648
6, 709
7, 051
9,741
9,905
Cottonseed:!
113
276
1, 857
1,323
1,393
Receipts at mills
..thous. of short tons..
237
810
50
113
28
22
21
128
155
182
Consumption (crush). _ _ _
do
778
510
763
712
598
624
718
356
470
270
207
155
2,143
250
2, 773
1, 064
Stocks at mills, end of month
do___.
2,390
2, 865
1, 332
1,879
891
556
229
307
Cottonseed cake and meal:!
75, 673
86, 379
371, 321
241, 458
361,549 340, 919 334, 973 294, 423 278, 124
Production
short tons
219,851 161,713
126, 729
103, 175
91, 549
163,838 163, 022
69, 948
112, 687
Stocks at mills, end of month§._
_ do
109, 229
109, 700
167, 313
146, 087
193, 472
177, 739
198. 062
203, 321
Cottonseed oil, crude:!
55,418
251, 701
57, 397
157, 634
249, 924
Production
___.
thous. of l b _ _
234, 465
232, 230
161,955 124, 212
207, 447
200, 632
94, 884
77, 097
42, 451
Stocks, end of month
, ._ _
do
37,830
89, 090
134, 001
183,105
143, 804
148, 742
184, 165
184, 799
129, 705
84. 728
54.013
42, 249
Cottonseed oil, refined:
67, 740
179, 751
59, 998
97, 992
221, 226
Production!
do
183,279
209, 548
188, 791
197, 063
151,578
178, 107
106, 431
78, 738
68. 663
133, 253
83, 622
89, 270
151,011
131,421
Consumption, factory!
__-_.do
135. 286
141,894
167, 032
174, 462
176, 259
139,760
108,802
15,664
18,144
16. 724
29, 477
30, 204
35,314
In margarine!
.__.
. do
30, 952
34, 600 r 38.165
38,113 r 33, 425 r 27, 38 1
24, 141
918, 585
927, 026
966, 498 1, 016, 037 1,109.455 ,152,554 1, 177, 790 l, 174, (>67 1,155,168 l, 069, 238 995, 63S 955, 553
Stocks, end of month§t
do.._. 928, 561
.220
.204
. 206
.211
.190
Price, wholesale, drums (N. Y.)---dol. per lb_.
.201
.206
, 213
.193
. 203
.213
. 224
v. 224
Flaxseed:
2
Production (crop estimate)- .._... thous. of bu_
'36,813
46, 244
Oil mills:
1,311
Consumption
,____
_ „ _ do
2, 200
2,452
2,627
2,547
2,687
2, 946
2,519
1, 954
2, 266
2. 079
2, 248
2, 596
r
2, 064
4, 720
1,738
Stocks, end of month
do
5,164
1,943
4, 467
4,173
3.183
1, 359
2,323
59P
1,179
1,782
3.50
3.56
3.88
Price, wholesale, No. 1 (Minn.)
dol. per bu..
3. 85
3.93
4.00
3.89
4.02
3.93
3. 92
3. 99
3.88
3. 63
Linseed oil, raw:
26,
764
43, 904
52,411
48, 842
Production
thous o f l b
50, 558
52, 087
57,831
50, 439
38, 784
44,419
40, 343
44, 293
50,
223
45,511
49, 644
42, 288
37, 912
45, 690
Consumption, factory-._
do
42, 280
36, 434
32,012
35, 141
37, 349
36, 362
39, 263
41,176
575,613 562, 033 558, 139
Stocks at factory, end of month !___
do
559,631
535, 722
481,025
521, 297
464, 289
438, 266
466, 099
375, 137
331, 862
231,572
.138
.142
. 160
Price, wholesale (Minneapolis)
dol. per lb._
.156
.160
.153
.148
.140
.142
.141
. 145
.153
P., 160
Soybeans:
Production (crop estimate).. —.thous. of bu__
i 262, 341
...... „_..
• 303, 577
~~16~338~ ~~~18, 684 ~~~15,~652~ "~21,~284~ ""26" 284
Consumption, factory ...
do
20, 758 "26," 778" "~18~873 ~"l9~252" "~~17,"649"
""15," 437
15, 361
18, 865
7,613
16, 631
Stocks, end of month.... . . „ _ _ _ _ _ , _ _ _ , _ _ _ _ . _ d o _ . _ _
61,710
61, 401
54, 485
56, 948
58, 531
43, 209
52, 297
33, 454
24, 598
15, 321
Soybean oil:
Production:
229, 966
173, 756
Crude
_ _ _ _ _ _ _ t h o u s . of lb_. 179, 503 208, 660
219, 304
228, 433
208, 706
226, 320
213, 372
194, 526
193, 327
171,614
173, 189
Refined
_ _ - . _ _ . . do. ___ 155,987 200, 180
212, 568
192, 662
214,418
180, 481
191, 788
186, 529
188, 570
180,911 186. 097
175,831
127,2i7
Consumption, factory, refined !-,--_
do
156, 262
192, 613 219, 116
188, 649
219, 229
174, 446
174,010
181,253 ! 183,214
187,113 182, 924
180, 938
116,815
Stocks, end of month:
176,495
Crude
- _.
_.
do
161, 242
105, 352
87, 907
122, 021
88, 437
138,111
142.947
140, 958
142, 208
127, 599
114,142
132, 221
93, 779
Refined!
_
....... do
82, 103
62, 353
74,423
69, 052
82.193
99, 466
95, 000
98,429 ! 103, 331
98, 466
96, 919
78, 743
.208
Price, wholesale, refined (N. Y.)._.dol. per lb_.
.166
.188
.170
.196
.192
.197
.185 '
.204
,194 '
.204 '
. 209
v 209
r
l
2
Revised. "Preliminary.
Estimate for 1953
Augiist 1 estim ate of 1954 crop.
1 Revisions for 1952 will be shown later.
§ Includes stocks owned by the Commodity Credit CorpoiCation (beg inning Ma y 1953 for (3ake and nleal and be ginning 19 52 for refin 3d oil).
SURVEY OF CURRENT BUSINESS
S-26
September 1954
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
August | Septem-
July
November
October
December
February
January
March
April
May
116, 538
23 867
118,586
21,219
102, 844
25, 462
June
July
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS. OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Con.
Margarine:
Productionc?
thous, of l b _ _
Stocks (factory and warehouse) cP
do
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)
dol. per lb__
Shortening:
Production
_
_.thous. of lb_
Stocks end of month
do
89, 753
23, 366
96, 053
18, 372
114, 574
19 350
107, 419
22 021
136, 217
16 382
107, 291
21 779
124, 242
26, 516
131,959
23 393
90, 334
24. 643
87, 339
22,810
.274
.274
.264
.264
.283
.283
.283
.273
.273
.273
.283
.283
".283
105, 858
113, 700
130, 906
100, 911
152, 322
89, 440
172, 988
84, 703
191, 747
75, 793
139, 943
93, 926
132, 504
92, 000
155, 909
93, 443
178, 279
88, 576
180, 323
83, 881
177, 934
96, 309
151,717
115. 786
112,336
98, 826
thous of dol
do
do
124,953
48, 641
76, 312
121 687
47, 970
73, 717
119 213
45, 793
73, 420
116 432
46^ 734
69 698
98 539
40, 709
57 830
92 557
40,217
52 340
104 632
39, 877
64 755
100 013
39, 915
60 098
117 808
46, 792
71,016
124 629
46, 778
77, 851
123,071
45, 275
77, 796
131, 870
46, 502
85, 368
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous of Ib
Molding and extrusion materials
do
Nitrocellulose sheets, rods, and tubes
do
Other cellulose plastics
do
2,717
5,349
522
476
2,848
6,259
597
449
3 387
7 393
644
427
3 664
7,478
650
441
2 999
5 803
633
401
3 483
6,226
631
486
2 747
5 367
563
412
2 816
5 168
598
486
3 301
6 257
662
524
2 716
6 478
554
428
2,812
5, 370
483
401
3, 323
6,509
431
430
32, 362
32, 399
13, 745
40, 392
31, 420
10, 555
19, 176
35, 299
38, 672
16, 347
43, 592
28, 809
9, 399
19 268
38, 266
32, 807
17, 010
40 381
28, 548
8 375
22, 055
35, 895
28 717
1 7, 635
41 170
31,922
10 161
24, 970
32, 348
25 760
17,839
39 129
27 693
9 627
26 351
30, 265
25 908
16,955
37 357
30, 673
9 543
26 099
30, 842
30 941
17 646
40 636
28 475
9 661
24 535
987
376
148
810
587
215
134
35 421
37 252
19 958
46 303
32' 796
10 855
26 381
31, 567
36 889
17, 892
43 413
31,055
11 473
25 448
32, 805
35, 039
18, 630
42 163
30, 152
12 138
T
25, 500
29. 592
33, 250
18. 174
43, 814
31,980
10 344
23, 722
PAINTS, VARNISH, AND LACQUER §
Factory shipments total
Industrial sales
Trade sales
Phenolic and other tar acid resins
Urea and melamine resins
Vinvl resins
Alkyd resins
Rosin modifications
Miscellaneous resins
.. do
do
do
do
do
do
29
33
19
39
28
11
25
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), totalj
mil. of kw.-hr __
Electric utilities total
do
By fuels
do
By water power
do
Privately and publicly owned utilities
mil. of kw.-hr _ _
Other producers
do
Industrial establishments, total
do
By fuels
do
By water power
_
do
Sales to ultimate customers, total (Edison Electric
Institute)!--.mil. of kw.-hr..
Commercial and industrial:
Small light and power
do
Large light and power
do_ .
Railways and railroads
do
Residential or domestic
do
Rural (distinct rural rates)
do
Street and highway lighting
do
Other public authorities
do
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute) t
thous of dol
43, 993
38, 070
29, 300
8,770
44, 554
38, 534
30, 080
8, 455
42,914
37, 028
29, 440
7,588
43, 820
37, 658
30, 490
7,168
42, 374
36, 429
29, 454
6,975
45,118
39, 083
30, 404
8,679
45,478
39, 423
30, 524
8,899
40, 887
35, 211
26, 647
8,564
45, 166
38, 918
28, 998
9,921
42, 857
36,835
26, 925
9,910
43, 529
37, 429
27, 079
10, 350
44, 975
38, 901
29, 315
9, 586
45, 969
40, 077
31,319
8,759
32, 221
5,849
5,923
5,590
333
32, 350
6,184
6,020
5,739
281
31, 282
5, 74.6
5, 886
5,611
275
32, 259
5,399
6,162
5,879
284
31, 187
5,242
5,945
5,665
280
33, 497
5,587
6,035
5, 668
366
33, 227
6,196
6,055
5,664
391
29, 478
5,733
5,676
5,291
385
32, 719
6,199
6,247
5,781
467
30, 913
5,923
6,021
5,573
448
31, 007
6,422
6, 100
5,672
427
32, 535
6.366
6,074
5,681
393
33, 279
6,798
5,892
5, 556
335
31, 989
33, 001
32, 735
32, 350
31,919
33, 040
34, 235
33, 112
33, 032
32, 885
32, 483
33, 119
6,068
15, 981
380
7,479
1,006
259
764
52
6,253
16, 553
371
7,546
1,180
284
758
56
6,191
16, 286
369
7,651
1,120
309
757
52
5,917
16, 178
393
7,833
870
345
768
46
5,785
15, 668
401
8,248
645
367
762
43
5,927
15, 765
445
9.104
584
394
778
43
6,104
15, 668
459
10, 163
612
395
787
47
5,902
15, 294
399
9,719
606
352
792
48
5,794
15, 734
439
9,239
663
342
768
53
5,802
15, 865
397
8,942
756
311
763
49
5,805
16, 075
374
8,321
818
290
747
53
6,119
16, 440
354
8.163
945
273
769
56
562, 032
573, 651
575, 288
572, 424
571, 296
589, 705
611,624
596, 954
589, 223
585, 598
579, 131
587, 473
GAS
Manufactured and mixed gas (quarterly) :f
Customers, end of quarter, total
thousands. _
Residential (incl. house-heating)
do
Industrial and commercial
do
Sales to consumers, total
mil. of therms..
Residential
do
Industrial and commercial
do
Revenue from sales to consumers, total
thous. of dol. .
Residential (incl. house-heating) _
. do
Industrial and commercial . _ _
do
Natural gas (quarterly) :%
Customers, end of quarter, total
thousands.
Residential (incl. house-heating).
do
Industrial and commercial
do
Sales to consumers, total-.mil. of therms.
Residential (incl. house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers, total
!
thous. of dol.J.
Residential (incl . house-heating)
.
do
!
Industrial and commercial
_..
do
r
6,434
5,982
450
589
263
268
80, 574
54, 049
25, 939
j
;
_.j
j
!
1
19, 849
18,310
1,518
10, 502
1,435
8,405
371,928
148, 604
210, 248
|
;
6, 113
5,668
442
759
463
287
5 971
5, 533
436
1 121
793
319
107. 700
76 534
30.416
148 544
111,142
36 608
20, 667
19, 003
1,640
14. 099
4.021
9. 1 14
21, 006
19 9Pfi
597.998
325, 396
255, 373
1 684
i
17
Q91 i
7 675
i
I
j
i
Q nQ4 i
881, 043
561, 557
303 423
1
Revised.
? Preliminary.
cfRevisions for production (September 1951-September 1952) and for stocks (December 1951-September 1952) will be shown later.
§ Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
Revisions for 1952 for electric-power production and for gas are shown in the October 1953 SURVEY; those for electric-power sales and revenues, in the October and November 1953 issues.
SURVEY OF CURRENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-27
1954
1953
July
August
September
October
November
December
January
February
March
April
May
June
July
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
'9,869
9,458
Production
thous. of bbl__
r
9, 211
8,905
Tax-paid withdrawals
_
do
r
11,
103
11,
005
Stocks end of month
- - do
Distilled spirits:
7,282
Production
thous. of tax gal_. ' 9, 582
Consumption, apparent, for beverage purposes
14, 024
thous. of wine gal.. r14, 306
9, 734
9,371
Tax-paid withdrawals
thous. of tax gal_.
878,
764
873,
616
Stocks, end of month .
do
1,521
1,490
Imports
thous. of proof gal. .
Whisky:
3,974
Production
thous. of tax gal. . •• 5, 640
4,793
5,241
' Tax-paid withdrawals
do
' 729, 730 725, 979
Stocks end of month
do__
1,415
1,350
Imports
thous. of proof gal__
Rectified spirits and wines, production, total § }
' 6, 892
6,248
thous. of proof gal._
5,171
' 5, 650
Whiskv
do_Wines and distilling materials:
Sparkling wines:
82
112
Production}
thous. of wine gal._
67
95
Tax-paid withdrawals}. __
do
1,435
1,448
Stocks, end of month}
do
31
30
Imports
-.
do
Still wines:
876
1,679
Production}
.
do
7,098
8,576
Tax-paid withdrawals}
do
152, 280
143, 810
Stocks end of month}
do
409
325
Imports
- -- do___
1,839
4,020
Distilling materials produced at wineries}.. do
8,339
8,757
10, 013
7,606
6,941
10, 091
5,649
5,644
9,830
15, 375
28, 896
16, 341
12, 633
867, 166
2,159
18, 731
17, 257
861,353
2,967
7,263
7,301
722, 169
1,970
8,930
7,740
5,954
6,176
9,223
5,797
5,162
9,498
5 909
5,434
9 605
7,918
6,607
10 406
7 949
7, OU
10 680
8,556
7,239
11, 541
9 547
8,646
11 846
9 302
8 886
11 658
19, 754
15, 930
13,120
14, 405
16, 387
14, 636
13, 876
13, 905
9 523
19, 465
16, 690
857, 234
2,743
22, 805
10, 479
859, 297
2,207
12, 528
8,650
861,381
1,336
12, 671
10 156
862 917
1 456
15, 736
12 718
864, 231
1 529
14, 519
12 029
864, 016
1 694
15,365
11 853
864, 004
1,520
14, 975
12 143
864, 343
1 761
9 604
863 553
10, 094
9,406
718, 330
2,773
9,435
9,102
715, 087
2,524
9,270
5,982
716 439
1,990
8,301
4 878
717 441
1 218
9 020
5 315
718 413
1 328
10 029
6 272
718 516
1 395
9,862
5 998
718 726
l' 551
9,579
5 748
719 567
1 388
9 139
5 732
720 713
1 616
5 741
4 129
721 020
11, 470
9,964
10, 668
9,455
6,885
5,850
5,533
4 634
5,745
4 834
7,400
6 349
6,851
5 996
7,091
6 126
5, 457
4 825
6,605
5 823
106
131
96
174
1,416
76
197
81
198
99
84
1,320
1,052
233
69
147
81
109
74
223
95
186
112
1,186
88
121
1,060
1 217
1 272
23
28
1 297
1 418
44
44
1 478
64, 847
12, 819
206, 868
20, 755
12, 440
214, 956
4,148
12, 966
202, 631
1,398
9, 120
193 413
1 286
10 038
179 769
1 477
12 353
170 754
1 403
10 443
159 755
1 112
9 841
150 766
891
494
593
45
17, 237
10, 979
149, 723
425
64
500
699
707
27
313
322
404
44, 669
128, 626
35, 234
4,971
1,670
1,556
2,128
582
486
41
10 469
140 525
459
5,501
DAIRY PRODUCTS
Butter, creamery:
Production (factory)}.
thous. oflb._
Stocks, cold storage, end oi month
do
Price, wholesale, 92-score (New York) __dol. per lb._
Cheese:
Production (factory), total}
thous. of Ib
American, whole milk}
do
Stocks, cold storage, end of month, total
do_.
American, whole milk
do
Imports
_- _ . . _
do.. .
Price, wholesale, American, single daisies (Chicago)
._
dol. perlb..
Condensed and evaporated milk:
Production , case goods:}
Condensed (sweetened) .._
thous. of lb_.
Evaporated (unsweetened)
_ _ do__
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous. of Ib .
Evaporated (unsweetened)-.
do
Exports:
Condensed (sweetened)
do
E vaporated (unsweetened)
do
Price, wholesale, U. 8. average:
Evaporated (unsweetened) - dol. per case
Fluid milk:
Production}
..
..
mil. of Ib
Utilization in mfd. dairy products
- do
Price, dealers', standard grade
dol. per lOOlb..
Dry milk:
Production:}
Dry whole milk
thous. of lb._
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
_
do^
Nonfat dry milk solids (human food)
do
Exports:
Dry whole milk
do
Nonfat dry milk solids (human food)-.. T _do
Price, wholesale, nonfat dry milk solids (human
food), U. S. average.
dol. perlb..
138, 085
309, 894
.656
119, 645
334, 853
.661
96, 730
323, 077
.670
92, 375
311, 574
.682
90, 765
290, 598
.676
108, 240
281 702
.666
118, 465
294 047
.659
115,910
304 233
.658
142, 295
346 542
.651
141,305
375 584
.583
163, 815
421 997
.577
159, 755
r 4.68 453
.575
129, 615
128, 460
102, 000
420, 280
385, 445
2,121
114, 330
88, 730
445, 575
410, 733
2,824
97, 500
72, 450
460, 488
426, 383
5,540
87, 775
61, 505
448, 787
416, 095
3,602
82,390
56,230
432, 325
400 983
7,186
91
63
432
401
5
98
72
427
397
2
735
135
464
990
233
97 190
70 810
424 657
396 344
3' 162
115 555
86' 575
450 299
426 049
4 163
126 930
97 400
487 209
460 566
4' 851
156
123
521
494
4
153 645
122 345
r 567 541
1 9fi QQ^
.405
.405
.407
.424
.427
.415
403
393
383
375
370
369
071
2,710
262, 400
2,390
228, 500
2,300
170, 000
3,000
162, 200
3,175
152, 500
1,800
155 700
2,350
163 600
1,875
156 900
2,150
194 900
2,480
243 100
1,675
316 000
01 A cnn
1, 775
1,975
7,041
511,683
6.066
524, 007
5,123
481, 196
5, 248
410, 255
6,047
339, 808
4 897
262, 913
4 753
192, 760
4 7g4
127,' 681
4 997
102, 638
5 353
127, 497
5 242
231, 456
5 010
320, 487
4 790
381, 177
2,916
11, 957
937
10, 449
1,085
13, 997
658
11,337
128
14, 427
747
6,119
46
8,215
62
13, 228
56
11, 397
77
8,901
96
12, 312
22
14, 773
175
225
008
168
860
480
090
763
770
236
cne (-Ml
.578
crvo f{KA
r KQQ flKI
4 510
5.76
5.81
5.79
5.80
5.85
5 82
5 76
5 73
5 69
11, 603
4,742
4.99
10, 624
4,146
5.05
9,306
3,374
5.15
8,878
3 174
5.20
8,359
3 062
5.23
8 907
3 505
5.18
9 172
3 796
5.11
8 980
10 713
CKO
C KOA
5.03
4.96
4.76
4.62
4.58
10, 050
114,750
10, 050
91, 900
8,620
67, 050
9,000
65, 150
8,420
68, 290
7 970
94, 250
6 360
103, 350
6 165
102, 300
6 175
131, 650
in ^9^
138, 350
1 n 09^
164, 750
153, 000
110, 950
13, 560
131, 826
14,110
114, 632
11, 512
84, 421
11,716
67, 925
11,316
67, 893
10 220
74, 094
9 602
81, 056
8 510
88, 377
7 A9Q
fiQ9
in 30,7
105, 792
111, 482
12, 910
92, 152
4,378
14, 323
6,105
7,801
3,648
3, 676
3,014
4,854
3,004
15, 357
4 844
7,004
1 584
18, 674
2 671
15, 802
2 826
20,' 107
.146
.146
.147
.148
.152
.153
.152
.151
709
7,886
3,717
27, 485
2,567
25, 331
192,877
2,796
19, 894
2,357
14, 943
2,119
10, 679
o 71 1
4
^14
85, 449
5
5 44
n
OAK.
74.fi
4
8
83, 435
on
1 q 1 70
5
r fc AK
r 1 9 AA3
4.72
1ft ^ftO
4 906
4,655
e 790
4 399
16, 896
31, 787
.149
.146
.143
.142
.145
3,061
6,095
2,394
3,267
1,899
1,302
'848
2 loi 521
485
174
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu_.
Shipments, carlot
no. of carloads. .
Stocks, cold storage, end of month.. thous. of bu...
279
128
1 80
509
'440
Citrus fruits, carlot shipments
no. of carloads
6,582
8,982
6,948
5,890
6,851
12, 595
10, 145
9,270
11, 202
11,411
10, 655
' 9, 121
Frozen fruits, stocks, cold storage, end of month
thous. of lb_ 568, 132
602, 000
580, 866
581, 707
571, 377
568, 443
593, 592
635, 626
605, 956
619, Oil
702, 561 r 722, 477
Frozen vegetables, stocks, cold storage, end of
573 603
month. __
thous oflb
468, 377
704 f»8 ^
688 353
737 428
722 108
469, 050
444, 834 T 443, 724
510, 944
Potatoes, white:
1
Production (crop estimate)
thous. of bu
373, 711
Shipments, carlot
...no. of carloads
15, 744
r
11, 860
15, 797
17, 866
14, 758
15, 453
20, 402
18, 870
19, 630
23, 925
20, 528
21, 046
Price, wholesale, U. S. No. 1 (New York)
2.230
dol. per 1001 b._
r
3.165
3.060
3.325
3.313
3.050
2.981
2.981
3.081
3.500
3.981
3. 375
2
'Revised.
* Preliminary.
Estimate for 1953.
August 1 estimate of 1954 crop.
§Data beginning July 1953 exclude production of wines and vermouth; for July 1952-June 1953 such production totaled 88 000 gallons
TW O ™,™ S priqr to Dece_mber 1952 are available upon request as follows: Beginning 1951 for cheese, condensed milk, and nonfat dry milk solids; beginning 1952 for butter e
eyisions for January-December 1952 for fluid milk production are shown in corresponding note in the March 1954 SURVEY; those for Julv 1
wmes and distilling materials appear in the June 1951 issue
6,592
797, 992
482, 863
2 344 rgi
12, 463
*> 4. 057
aporated
i 1953 for
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise staled, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1954
1954
1953
July
August
September
October
November
December
January
February
March
April
May
June
July
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
thous. of bu__
Barley:
Receipts, principal markets
_.
do
Stocks, domestic, end of month:
Commercial
-do
On farms
- do
Exports including malt
do
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per bu__
Corn:
Production (crop estimate)
Grindings wet process
Receipts principal markets
Storks, domestic, end of month:
mil. of bu _
thous. of bu__
do__ _
On firms
mil.ofbu _
Fxports including meal
thous. of bu._
Prices, wholesale:
No 3 white (Chicago)
dol. per DU
No ? yellow (Chicago)
do
Weighted average, 5 markets, all grades — do
Oats:
Production (crop estimate)
Receipt^ principal markets
Stocks, domestic, end of month:
mil. of bu
thous. of bu _
Exports including oatmeal
do
Price, wholesale, No. 3, white (Chicago)
dol. per bu..
Rice:
Production (crop estimate)
thous. ofba^sQ
California:
"Rpceipt^ domestic rough
thous. of Ib
Shipments from mills milled rice -_ _ d o _ _
Stocks, r,ugh and cleaned (cleaned basis), end
of month
thous. of lb__
Southern States (Ark., La., Tenn., Tex.):
Receipts, rough, at mills
thous. of lb._
Shipments from mills milled rice
do__
Stocks, domestic, rough and cleaned (cleaned
basis), end of month _
.thous. oflb_.
Exports
do
Price, wholesale, head, clean (N. O.)_dol. perlb._
R?7e:
Production (crop estimate)
thous of bu
Receipts principal markets
do
Stocks, commercial, domestic, end of month, .do —
Price, wholesale, No. 2 (Minn.)
dol. per bu__
Wheat:
Production (crop estimate), total
mil. of bu
Spring wheat
_.
do
Winter wheat
do
Receipts, principal markets
thous. of bu__
Disappearance
-^
do__
Stocks, end of month:
Ca"a('u •T'amdifm whon,t)
_
do .
United States, domestic, totalc?§
do
Commercin1§
do
Interior mills, elevators, and warehouses
thous. of bu Merchant mills
__ __ _
do
On farms
_
do
Exports, total, including
flour
.do
Wheat only
_
do_.
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu__
No. 2, hard winter (Kansas City). _
do
No. 2, red winter (St. Louis)
do
Weighted avg., 6 markets, all grades
do_.
37, 322
31, 996
35, 075
30, 780
31, 072
25, 483
19, 855
24, 986
23,469
30,062
i 241, 015
8,860
8,613
12, 386
8, 566
11, 085
10, 277
416
32, 628
27,764
7,594
6,531
7,685
7,119
6,500
872
9,121
3 34, 945
2,702
11, 932
422
8,922
74, 913
526
1. 456
1.323
2 372 648
8,238
8,037
25, 503
15, 698
11, 510
8,235
9,070
12, 188
12, 222
2,209
14, 631
148, 842
2,478
12, 609
960
3,865
2,175
12,659
107, 770
951
1.420
1. 236
1. 511
1.374
1.479
1.344
1.516
1.417
1.515
1.438
1.513
1.436
1.520
1.474
1.509
1.441
1.483
1.374
1. 505
1.396
1.518
1.456
1.490
1.375
», 772
10, 629
25, Oil
10, 769
25, 234
12, 438
52, 068
10,515
48, 836
* 3, 177
10, 240
18, 424
10, 021
21, 389
10, 232
25 032
11, 466
24, 741
11, 127
22, 798
10, 263
25 835
10, 326
25, 151
10, 218
9,459
45, 703
35, 338
16, 984
6,860
8,045
8,221
7,101
15, 945
986 1
5,038
12, 866
13, 146
33, 793
1,468.8
7,703
21, 704
13, 512
43. 106
2, 138. 5
10, 808
38, 221
8,741
9, 365
3 329. 6
10, 469
23, 072
i\ 381
(4)
1.579
1.511
(4)
1.603
1. 550
1.618
1.658
1.568
1. 561
1.461
1.443
1.491
1.448
1.439
1.563
1.530
1.553
1.521
1 655
1.553
1.495
1. 560
1.502
1.571
1.504
1.585
1.532
1 630
1. 610
1.577
1 622
1 614
1.581
17, 033
24, 375
8,784
5,908
6,187
11,216
8,131
4 542
4,660
4,886
4,602
5 818
7,241
2 1 529
16 842
18, 348
22, 945
18, 453
15, 066
13, 406
4 600
296
310
136
192
8,648
450, 335
363
4,750
327
27, 122
984, 324
305
22, 908
452
227
.760
.770
.743
.752
.814
.788
.781
.792
79, 454
49, 364
13,815
54, 191
13, 388
4,953
194, 685
54, 068
149, 459
125, 900
135 181
104, 782
118 669
78,605
9,373
24, 231
18, 295
778,541
462
.794
.742
846
r
2
2, 824
10, 041
24 105
11 729
118
4,872
204 050
209
.770
.763
.708
84 516
66 150
61 873
48 757
52 410
36 159
36 656
09 573
3
2 ei 360
* 52, 529
129, 132
79, 990
154, 646
122, 947
49, 517
6, 282
83, 259
72, 152
86, 161
65, 802
55, 934
59, 246
54,741
47 454
43, 304
35 968
6,261
84, 077
450, 783
127, 449
950, 658 1, 227, 523
212, 755
315, 693
520, 281
250, 994
180,844
204, 667
171, 225
243, 252
133, 84R
169, 918
84, 161
161 955
36,832
100 069
37, 382
124 217
' 51, 924
i 102 436
48, 217
118 490
29. 640
125, 925
.124
188, 443
56, 803
.093
572, 192 1,040,286 1, 112, 950 1, 000, 652
207, 046
245, 765
153,150
113, 178
.094
.094
.085
.093
859, 670
189, 258
.094
770, 187
200, 503
.093
654, 571
155, 677
.093
573, 654
88, 483
.090
390, 586
99 510
.090
327, 311
47 048
.085
271, 963
1. 136
3, 755
1.268
1,916
4, 288
1. 249
i 17,998
1,713
11,028
1.287
292
11,002
1.313
433
10, 309
1.249
231
9,811
1. 151
667
8,953
1.116
921
8,782
1.101
1 684
8,445
1.061
2,663
6,240
1.156
924
5,923
1.226
4,877
6,008
1. 249
1
103, 118
1,168.5
1291.0
]
877. 5
18.403
209, 412
38, 907
40, 988
189, 834
32, 871
31,822
267, 564
287, 303
339, 156
334, 589
305, 420
1,524,519
342, 163
324, 932
328, 428
335, 882
327, 168
377, 855
1,316,205
316, 765
26, 529
23, 081
20,719
18,911
458, 641
134, 477
563, 569
21. 824
19, 066
13, 107
9,524
15, 441
12, 112
424, 292
123, 467
424, 057
13, 262
9, 67C
2. 443
2.086
1.808
2.202
2.474
2.175
1.822
2.439
2.514
2.217
1 899
2.533
2. 621
2 288
1 882
2.562
2. 623
2.337
2 015
2.578
2.601
2 375
2 051
2 596
P. 086
2 93 9Q7
1 006
11, 708
1.250
2 977 3
2
201 6
2 7^ O
20, 715
20, 883
22,028
205 514
19, 660
26, 953
60,332
228 626
105, 576
368, 888
366, 412
339 201
295 060
291 191
349 007
3 902. 854
3 296 715
379 ^15
303, 727
354 795
1,111,648
298 934
348 139
311, 573
12, 393
9,610
16,327
13, 824
379 630
104 778
2fi7 873
14, 877
11 677
20, 768
17 249
24, 537
21 526
3 307 575
3 53 g29
3 102 997
19, 755
16 752
2.577
2 379
2 194
2.537
2.576
2 393
2 226
2.570
2.602
2 417
2 327
2 545
2.620
2 447
2 210
2 589
2 370
2 1 Ar
2 544
Wheat flour:
Production:
-ID 071
18, 747
Flour
thous. of sacks (100 Ib )
18 204
17 972
19 469
18 962
20 799
17 361
18 355
75.8
Operations, percent of capacity _.
81 2
77 ft
83 9
86 8
88 3
88n 6
77 7
81 7
494
3gQ
371 608
V7F *iQ4
365 199
Offal
short tons
362 741
394 122
380 I 3
344 611
366 297
43, 410
Orindings of wheat
thous. of bu
42 263
45 3Q3
48 501
42 571
43 971
41 836
40 222
43 "29
Stocks held by mills, end of quarter
thous. of sacks (100 Ib.)
4,589
4,476
4,470
Exports
_. __
do
1, 480
776
1, 184
1,429
1,537
1,538
1,074
1,195
1,373
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (lOOlb.)..
5. 625
6.100
6.250
6.470
6.500
6.335
6.355
6.390
6.355
Winter, hard, short patents (Kansas City) .do... .
5.275
5.525
5.855
5.950
6.120
6. 060
5.935
6.095
6.055
r
2
Revised.
* Preliminary.
1 Estimate f r 1953.
August 1 estimate of 1954 cr p.
3
4
Old crop only; new grain not reported until beginning of new crop year (July xor barley, oats, and wheat- October for corn)
No quotation.
9Bags of 100 Ib.; prior to the October 1953 SURVEY, data were shown in thous. of bu. of 45 Ib.
T
17 917
70 e
OQ
2.669
rjt
394 609
2.642
9 153
2.643
1 S^9
2 293
18, 022
77.2
361, 958
41, 902
Q
Q74
1,510
1,292
6.400
6.035
6.510
6.13,5
4,046
1,289
r
6.765
r
P 6. 957
P6.053
6, 145
oe farms in its own steel nd wooden btas; sucb data are not inc!uded ln the breakdown of 3tocks
•
-
SUEVEY OF CURRENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-29
15 53
July
August
September
1954
October
November
December
January
February
March
April
May
June
July
FOODSTUFFS AND TOBACCO—Continued
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
__-.__.
-thous. of animals—
Cattle
do
"Receipts, principal markets,.-.
____.do— Shipments, feeder, to 9 corn-belt States. ___do._. .
Prices, wholesale:
Beefsteer c (Chicago) . ... _ _ __ _dol. per 100 lb_.
Steers, stocker and feeder (Kansas City)— do... .
Calves, vealers (Chicago). ...... ....... —do....
Hogs:
Slaughter (federally inspected)
thous. of animals—
Receipts, principal markets— — — — — — — do..—
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 Ib...
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. oflive hog.
^heep 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 lOOlb,Lambs, feeder, good arid choice (Omaha)., do___ .
616
1,498
2,258
211
602
1,494
2, 559
265
687
1 644
2, 770
446
776
1 782
3,095
773
65S
1 609
2, 997
643
634
1 653
2,342
286
546
1 541
2, 245
206
518
1 302
1,844
184
660
1 511
2, 320
220
598
1 417
2,040
217
561
1 43Q
2, 165
181
622
1 570
2, 309
130
640
1 622
2,296
174
24. 26
16. 75
23.00
24.79
15.78
23.50
25.41
15. 07
21.00
25.35
15. 74
22.50
24.83
17. 56
22.00
23. 65
17.63
22.50
23. 93
19. 83
27.00
22.96
20.02
28.00
22.88
19.81
26.00
23.77
20.62
26.00
23. 54
20.44
23. 00
23.49
18. 20
21.00
23 47
16. 12
p 20. 00
3,276
1,837
3, 396
1,867
4,059
2, 169
4, 994
2, 665
5, 540
2,950
5, 194
2, 721
4,712
2, 503
3, 883
2,098
4, 554
2, 450
3, 853
2,068
3, 380
1,909
3. 453
1. 991
3, 325
1,896
23.29
22.97
24.18
21.54
20.80
23. 69
24.82
25.45
25.63
26.75
24.79
21.43
19. 75
'16.1
15. 9
15.9
15.9
15.0
16.2
17.3
17.7
17.2
18.3
17.5
14. 6
14.1
1,108
1,159
136
1,158
1, 483
291
1,366
1,822
547
1,529
2, 026
754
1,159
1,412
292
1,227
1, 182
185
1,241
1,190
197
1, 090
1,032
175
1,149
1,128
188
1,096
1,203
202
1,045
1, 133
147
1,200
1, 189
(
K)
1,209
1,137
100
25.38
17.94
23.38
17.78
19.25
15.57
19.00
16.41
19. 25
18. 22
19. 25
18.00
20. 62
19.14
21. 25
20.26
24.25
21.44
27. 75
22,31
25. 88
0)
24.00
0)
21. 25
1,525
1, 675
1, 913
1,941
1, 1)52
1; 836
1, 517
1,772
1, 609
1,563
1,683
1,641
532
50
460
40
460
36
593
59
717
60
7P2
45
755
57
732
33
706
58
653
64
860, 476
153, 672
2,973
925, 007
159,376
2,273
994, 342
183, 864
2,942
897, 620
215, 353
13 685
939, 793
269 668
3 848
895. 446
247 891
1 067
761, 153
219 002
5 848
886, 182
186 362
840
828, 596
160 or>2
4 464
0)
MEATS
Total meats (including lard):
1,579
Production (inspected slaughter). __... mil. of Ib..
Stocks (excluding lard), cold storage, end of month
638
mil. of Ib—
50
Exports
_ _ _ „ . . - . - _ _ _ .-.do.. _ .
Beef and veal:
Production (inspected slaughter). ... thous. oflb— 877, 290
Stocks cold storage, end of month
_ do...- 163, 626
3,073
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
. 426
(600-700 Ibs.) (New York).... — .—dol. per Ib—
Lamb and mutton:
47, 324
Production (inspected slaughter) — .thous. o f l b —
10,410
Stocks cold storage end of month
do
Pork, including lard, production
(inspected
654, 193
slaughter)
thous o f l b
Pork, excluding lard:
489, 360
Production (inspected slaughter)...... .....do
Stock^ cold storage, end of month. _ „ _
do.__. 350, 825
6,694
Exports
do
Prices, wholesale:
.683
Hams, smoked, composite..-.
_.dol. per lb__
.597
Fresh loins, 8-12 Ib. average (New York)_do.. —
Lard:
Production (inspected slaughter)
thous. of Ib— 120, 175
Stocks, dry and cold storage, end of month f. do.. __ 109, 342
33, 193
Exports
do
.163
Price, wholesale, refined (Chicago)— dol. per Ib—
f
605
47
525
905, 294
838, 154
138 622 r 127 141
1 088
1 250
920, 803
123 126
.432
.451
.427
.431
.396
.392
,398
.408
.405
.417
49, 401
9,460
57, 474
10, 113
64, 856
10, 762
51, 566
11,151
57, 079
12 232
59, 522
11 460
53, 274
10 808
55, 672
9 445
52, 190
8 8^7
48, 262
8 135
51,950
r q 450
52, 385
8 344
614, 696
692, 034
853, 449
991, 497
954 712
xs| 313
702 169
830 3H3
727 8W
676 709
725 640
667 64 5
469,818
265, 981
5, 865
531, 761
200, 597
6, 176
648, 115
181,279
4,843
743, 793
266,170
4, 419
710, 666
326 812
7 708
»»58, 662
393 307
5 136
526, 049
413 507
4 4Q7
628, 446
418, 283
3 832
547, 809
420 917
4 200
505, 239
384 543
538, 092
r 345 904
4 gig
491,002
978 555
.544
.516
.558
.452
.673
.550
.638
.541
. 6f>0
.540
.671
.574
. 675
.570
. 623
. 543
. 424
. 657
. 509
. 431
r 3 g5g
r
. 669
. 626
105, 809
55, 637
34, 505
.183
116, 615
42, 439
24, 412
.233
149, 478
45. 205
19, 402
.205
180,413
51, 462
32, 857
. 193
178, 155
74, 322
38 187
.205
162,245
75, 525
33 607
. 208
128, 867
72, 920
39 558
.213
147, 106
78, 945
23, 359
.208
131, 394
74, 024
40 774
,233
125, 254
69, 278
50 90S
.205
46, 364
127, 341
56, 985
176, 385
69, 572
259, 086
79, 448
287, 152
(55, 890
275, 888
37. 325
*>6fJ ('">&
35, 734
241 692
41,189
217. 456
39, 205
184 743
43, 216
167 499
. 646
. 587
137, 369
65, 689
33 3^5
,190
P. 611
.598
129, 394
58, 065
.205
POULTRY AND EGGS
Poultry:
46, 075
Receipts, 5 markets....
........thous. oflb..
112,459
Stocks, cold storage, end of month
do
Price, wholesale, live fowls, heavy type, No. 1
.275
(Chicago)
.___._
--- — ....-dol. per Ib—
Eggs:
4.624
Production, farm
_
millions
2,092
Dried egg production
..thous. of Ib—
Stocks, cold storage, end of month:
1,199
Shell
thous. of cases
Frozen
thous. of lb. . 152,835
Price, wholesale, extras, large (Chicago)
.531
dol. per doz. .
f
47, 393
1 51 147
42, 779
141 1 *}ft
.255
.255
.230
.2,50
.250
.280
.300
.220
.240
.190
p. 165
4,329
1, 979
4,190
1. 441
4, 600
1, 144
4,784
1,310
5, 239
1,242
5 448
1,698
5 476
1,865
6, 605
3,140
6 271
3, 104
6 071
3,178
5 251
2,388
1,869
827
133, 427
494
109, 869
288
86, 867
137
61,014
89
42, 030
75
38, 244
135
41,639
443
91, 940
728
1 36, 488
1 348
166,983
.587
. 624
.613
479
472
.450
.403
.380
. 235
. 543
. 355
r 1 53Q
T
186, 189
184, 567
.351
.397
MISCELLANEOUS FOOD PRODUCTS
S5, 262
97, 000
110.000
105, 000
65, 000
50, 000
79, 619
83, 931
Confectionery, manufacturers' sales}, .thous. of dol..
11], 000
74, 768
59, 390 ' 61, 415 49,784
Cocoa or cacao beans:
30,
242
43, 394
13,
574
8,026
10,
587
8,
504
20,859
27, 028
Imports
, _ _ _ _ — — .__ — _ — _ long tons - .
11, 905
14,265
11,991
22,215
.468
. 542
.449
.386
.400
.385
. 403
.535
Price, wholesale. Accra (New York),..dol. per lb..
.578
,619
.639
.648 "~"~i.~689"
Coffee:
1, 725
1,544
860
1,286
1,814
1,219
1. 870
962
1, 409
Clearances from Brazil, total...... thous. of bags..
1.060
454
468
599
1,164
1, 055
662
1. 122
744
873
361
795
539
To United States
do
' 485
183
M CI9
266
1,009
812
778
582
531
628
829
735
Visible supply, United States...... .. - d o
637
694
S3
ot
2, 489
2, 130
1,848
2, 275
1,261
1, 320
1,470
Imports
do
1,913
1,940
1 922
1 098
1 )6
Price, wholesale, Santos, No. 4 (New York)
.585
.725
. 613
,615
.600
.593
.615
.760
, 858
dol. per Ib—
.870
.855
.870
.882
Fish:
34, 247
23, 951
45, 034
38, 680
60, 195
28,128
17,456
75, 393
41, 267
Landings, fresh fish, 5 ports. , „
thous. of lb__
41, 526
59, 549
75, 861
179, 370
154,570
176, 249
174, 640
176, 680
176,047
138, 468
1i?O cr\n
Stocks, cold storage, end of month..... ....do.... 169, 686
m son
I4n nno
112.288 110.328
r
J
Revised.
* Preliminary.
No quotation.
t Revised series.
Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard* data prior to Tune
will be shown later.
*
' •
•
^visions for 1952 and January—May 1953 appear in the August 1954 SURVEY.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1954
1<)53
July
August
September
1954
October
November
D^cemter
January
Februpry
March
April
1
May
June
July
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons..
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
- short tons. _
Entries from off-shore
do
Hawaii and Puerto Rico
do
3, 602
3,218
2,658
3, 078
2,083
1,737
1,607
2.437
3,316
4,341
4,316
3. 991
3, 712
26, 860
607, 226
234, 674
37, 059
614, 98S
182, 958
117. 506
563, 878
237, 561
643, 637
461, 177
238, 494
812, 373
254, 321
97, 620
473, 347
117,126
61, 688
137, 93?
320, 741
52, 886
57, 480
507, 709
108, 657
27, 365
522 494
147, 957
51 311
762 870
287, 257
60, 519
617 552
181, 301
56, 392
598 368
190, 496
544 041
159, 784
' 887, 287 778, 556
DP,] ivories total
do
r
S85, 517 777, 391
For domestic consumption
do
1, 165
' 1,770
For export
do
Stocks, raw and refined, end of month
966
thous. of short tons.. r 1, 090
11,473
21, 879
Exports
..short tons..
Im ports :cf
339, 220
330, 805
Raw sugar total
do
238, 565
266, 009
From Cuba
do
64, 421
91, 880
From Philippine Islands
_-do
844, 285
842, 829
1, 456
641, 490
639, 991
1,499
580, 278
574, 693
5, 585
801, 571
800. 569
1.002
808, 299
807,
168
r
1,131
757, 220
755 212
2,078
851
526
1, 186
303
1,691
3, 897
1,693
596
1,668
631
1,612
745
1,479
276
1,625
1.039
1,625
291
321, 374
201, 899
92, 486
180, 291
118, 650
56. 920
140, 910
86 401
45, 512
1 57, 648
118,711
38, 640
275. 725
238 950
36, 267
305, 487
236 902
66 165
363, 956
282 575
81,336
428 735
292 522
136 208
331 129
227 304
103 825
370, 023
201 573
162, 623
38, 937
37, 178
47, 760
44, 598
27, 116
26, 437
2.057
250
4 220
132
301
20 151
13 694
35 595
29 570
54 938
50 062
51 375
45 753
57 212
52 728
60 048
50 110
- dol. perlb..
.064
.064
.064
. 064
.061
.060
.060
.061
.063
062
061
-- -dol. per 51b__
dol. perlb..
thous. of lb_.
.498
.086
7, 506
.500
.087
7,766
.502
.087
10, 364
.503
.087
9.491
.500
.085
6,851
.497
.085
8,760
.497
. 085
10. 004
.493
.085
11. 580
.499
.086
10, 783
503
086
18 079
.502
.086
13 984
Refined sugar total
From Cuba
Prices (New York) :
Raw wholesale
Refined:
Retail 9
Wholesale
Tea imports
do
do
>.
-
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter total
.mil. oflb..
Domestic:
Cig^r ieif
- do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil. oflb
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports including scrap and stems . thous. of Ib.
Imports including scrap and stems
._ do
Manufactured products:
Production, manufactured tobacco, total. .. do
Chewing plug, and twist
do
Smoking
-- -- do__
Snuff
_
do
Consumption (withdrawals):
Cigarettes (small):
Tax-free
-..millions..
Tax-paid
do__
Cigars Parge) tax-paid§
thousands
Manufactured 'tobacco and snuff, tax-paid §
thous. of lb__
Exports, cigarettes
..
millions..
Price, wholesale, cigarettes, manufacturer to
wholesaler and jobber, f. o. b. destination
dol. per thous..
1
r
r
506, 430 •• 561, 418 ' 823, 814
504 421 r 556, 043 r 322, 844
970
2,009
2,375
574, 426
569 756
4 670
r
r
659, 133
655 707
3,426
r
T
r
1,484
458
r
1,282
061
p 061
.502
.086
9 823
502
p 086
2, 057
- *> 105
4,513
4,225
r
T
' 4, 538
4,080
340
319
»-370
350
3,703
3,995
3,067
3 545
24. 649
7,662
32, 121
9,268
18
163
68, 694
10, 475
56, 183
9,269
52, 327
8, 549
18
181
68, 638
7,582
30, 390
8, 125
19,019
7,875
18
183
21,715
9, 133
27, 560
9 528
28, 593
8 701
17
167
26, 787
9, 188
1 5, 999
7,194
6,301
2,504
17,814
6,879
7,569
3,367
18, 833
7,249
8,302
3,281
19, 273
7,473
8,424
3,376
16, 170
6,808
6,307
3, 055
14, 735
5,978
5,373
3,384
15, 502
G. 796
5 549
3,157
15, 561
6,389
6 078
3 093
18, 476
6, 865
7 900
3 711
17, 369
6 723
7 356
3 290
17, 243
6 906
7 030
3 307
17. 883
7 435
6 953
3 495
3,339
29, 914
463 787
2,770
34, 658
497, 670
3,585
33, 598
518, 748
2,813
34, 860
540 124
3, 535
30, 338
547 704
3,534
29, 141
443 532
2, 700
28 858
401 693
2,638
26 676
406 560
2 865
32 295
476 514
2 485
30 499
445 991
2 487
31 ' 853
483 650
2 798
34 998
510 197
15, 862
1,321
17, 539
1,158
18, 103
1,535
18, 580
1,178
15, 825
1,241
15,213
1,416
14,997
1,274
14, 688
1 183
18, 079
1 254
17, 402
1 415
16, 944
1 339
17, 643
1 310
3.938
3.938
3.938
3.938
3. 938
3.938
3.938
3. 938
3.938
3.933
3.938
3.938
* 3. 938
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins
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^/15 lbs._ dol. per lb._
Hides steer heavy, native, over 53 Ibs
do.....
15, 807
187
91
3, 168
1,893
13, 646
188
26
2,121
2,760
15,353
150
41
2,666
2,680
10, 934
208
40
1,726
1,157
9 454
47
23
2,364
1,230
8 770
81
36
2,034
1,033
8 232
123
20
2,051
1,087
7 436
59
77
1 550
898
9 372
54
50
1 839
2 158
13 492
26
13
2 440
3' 288
14 633
101
10
9 268
3 757
11 554
.513
.158
.513
.170
.500
.170
.400
.148
.468
.153
.438
.123
.413
120
.413
103
.413
103
.413
108
.475
123
.455
113
762
2 117
2 732
2 219
719
2 039
2 149
2 001
706
748
r 2 016
2 027
27
29
2,733
78
58
4,950
3,779
.660
.660
.690
'.680
.680
.950
.962
.985
'.988
.988
LEATHER
Production:
790
685
804
724
Calf and kip
thous. of skins..
839
846
801
791
Cattle hide
thous. of hides
1,815
1,894
1,978
1. 978
2,079
1 953
1,904
2 015
Goat and kid
thous. of skins..
2,821
2, 354
2, 566
2,262
2,240
2, 101
2,350
2 330
2,139
2,439
Sheep and lamb
_
. -do .
2,590
2 189
1 820
1 669
2,407
1 870
Exports:
Sole leather:
21
Bends, backs, and sides .
thous. of Ib
23
52
67
51
26
21
57
21
75
Offal, including belting ofSal
do
63
56
39
29
68
23
Upper leather.
_. thous. ofsq. ft..
2,840
2,825
3,383
2,996
3,159
3, 160
2,929
3,438
Prices, wholesale:
Sole, bends, light, f. o. b. tannery
dol. perlb..
.690
.690
.690
.670
.655
.675
.665
.660
Upper, chroroe calf, B and C grades, f. o. b. tan1.082
1.042
1.042
1.002
.998
nery
dol. per sq. ft..
.998
.985
.948
r
Revised.
» Preliminary.
1
2
Estimate for 1953.
August 1 estimate of 1954 crop.
cf Revisions for 1952 are shown in the April 1954 SURVEY.
9 Data for January-June 1&63 represent price for New York and Newark; thereafter, for New York and Northeastern New Jersey.
§ Re vised to represent data based on number of stamps used by manufacturers; revisions prior to May 1952 will be shown later.
2 194
2 179
93
15
15C
33
2 166
4 385
.425
123
. __
2 477
o \^i
48
116
2, 951
SURVEY OF CURRENT BUSINESS
September 1954
S-31
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July
August
September
October
November
December
January
February
March
April
May
June
July
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production total
By types of uppers:
\llleather
thous. of pairs. _ r 40, 485
Shoes, sandals, and play shoes, except athletic,
total
thous. of pairs_By kinds:
Youths' and boys'
do
Women's
do
Misses' and children's
do
Infants' and babies'
do
Slippers for housewear
do
Athletic
do
Other footwear
do
Exports
do
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattie 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
42, 804
39, 902
40, 121
33, 522
33, 890
6,595
do
r
38, 200
40, 098
41, 328
47, 170
42 306
36, 760
41 224
39,003
31,987
6 213
33, 333
6 760
33, 873
7 486
37, 944
9 226
33, 109
9 197
30, 389
6 401
34, 587
6 637
32, 841
6 162
37, 460
7 851
1,470
19 472
5, 465
3 202
2 123
239
276
239
38, 391
43, 357
38, 336
33, 279
36, 825
34, 481
7 625
1*455
20 717
5,432
3 162
2 419
247
271
411
8 367
1,711
23, 947
5,713
3 619
3.263
266
284
370
7 857
1 543
°1 096
4,756
3 084
3' 376
'275
319
484
6 963
1 509
17 65?
4,370
2 785
3 082
260
169
272
7 631
1 716
19 604
4,821
3 053
3 989
271
139
r
306
6 650
1,644
19 802
4.366
2 019
4 188
222
112
35. 160
36, 539
33, 376
33, 183
28,011
34. 389
7 560
1,637
' 18, 875
4, 603
2, 485
4, 790
269
266
313
7,963
1,696
19, 077
5,107
2,696
5.697
296
272
421
7 670
1,457
16, 602
4,883
2,764
5,981
283
262
446
8 006
1,390
15, 690
5,130
2 967
6,407
273
258
419
6 801
1, 124
12 921
4,363
2 802
5 039
262
210
330
8 087
1,362
16 490
5, 386
3 064
3 305
290
216
251
110.3
110.3
110.3
110 3
110 3
110 3
110 3
110 3
110 3
110 3
110 0
110 0
110 0
118.1
110.7
118.1
110.7
118.1
110.7
118.1
110.7
117.5
112.3
117.5
112.3
117.5
112.3
117.5
112.3
117.5
112.3
117.5
112.3
117.5
112.3
117.5
112.3
117. 5
112.3
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
Exports totf 1 sawmill products
M bd.ft
Imports total sawmill products
do
National Lumber Manufacturers Association:©
Production total
mil. b d . f t _ _
Hardwoods
do
Softwoods
do
Shipments total
do
Hardwoods
do
Softwoods
-do
Stocks, gross (mill and concentration yards), end
of month total
mil. bd. ft
Hardwoods
do
Softwoods
do
SOFTWOODS
Douglas fir:©
Orders, new
,_do
Orders unfilled end of month
do
Production
do
Shipments
.
do
Stocks, gross, mill, end of month
_.do
Exports, total sawmill products?
M bd. ft._
Sawed timber}:
do
Boards, planks, scantlings, etct
do
Prices, wholesale:
Dimension, No. 1 common, 2" x 4", R. L.
dol. per M bd.ft..
Flooring, B and better, F. G., 1" x 4", R. L.
dol. per M bd.ft..
Southern pine:©
Orders, new
..mil. bd.ft
Orders, unfilled, end of month
_do
Production
do
Shipments
do
Stocks, gross (mill and concentration yards), end
of month __
mil. bd. ft_.
Exports, total sawmill products.
..M bd. ft_.
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale, composite:
Boards, No. 2 and better. 1" x 6" x R. L.
dol. per M bd.ft..
Flooring, B and better, F. G., 1" x 4" x S/L
dol.perMbd.it..
Western pine:©
Ordprs, nf'w
mil, bd, ft
Orders, unfilled, end of month
..do
Production
do
Shipments
do
Stocks, gross, mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common, I" x 8"
dol. per M bd. ft_.
53, 037
253, 021
54, 245
246, 389
52, 777
253, 650
50,919
243, 520
48, 733
220, 063
54, 109
197, 952
43, 657
135, 528
74, 200
211,621
70, 262
233, 515
65, 723
215, 884
69, 742
188,115
65, 298
255, 505
3,351
675
2,676
3,228
647
2,581
3,429
765
2,664
3,238
661
2,577
3,486
790
2,696
3,230
627
2,603
3,540
792
2,748
3,252
650
2,602
3,078
718
2,360
2,875
624
2,251
2,875
638
2,237
2,706
550
2, 156
2,749
643
2,106
2,604
526
2,079
2,901
680
2,221
2,808
612
2,196
3,358
690
2,668
3, 353
599
2,754
3,310
660
2,649
3,387
603
2,784
3,273
634
2, 639
3,169
565
2,604
3,116
617
2,499
3,293
524
2,768
3,052
648
2,404
3,200
540
2,660
7,823
2,604
5,219
8,034
2,708
5,326
8,290
2,871
5,419
8,577
3,012
5, 565
8,782
3,107
5,675
8,950
3.194
5, 756
9,132
3,311
5,821
9,221
3,379
5,842
9,227
3,470
5,757
9,183
3,528
5,655
9,288
3,598
5,690
9,111
3,690
5,421
8, 959
3,746
5. 213
826
878
762
774
977
21, 390
12, 528
8,862
707
786
780
790
987
17, 968
7,499
10, 469
795
746
828
822
992
24, 986
12, 993
11, 993
826
715
830
848
974
24, 422
11, 842
12, 580
753
717
758
742
991
22, 120
10, 505
11, 615
798
750
753
757
987
28, 161
10, 619
17, 542
813
777
763
779
1,002
21,440
8,490
12,950
863
855
791
778
1,011
39, 609
19,937
19, 672
1,033
865
963
1,013
961
40,917
15, 285
25, 632
944
763
941
1,037
898
27, 592
5,866
21, 726
951
874
858
831
925
36,218
13, 991
22, 227
884
899
712
850
787
30, 393
10, 329
20, 064
369
895
342
365
791
77. 252
76. 972
75. 187
74. 347
73. 122
73. 109
73. 395
73. 941
75. 054
74. 767
75. 180
' 76. 951 p 81. 568
126. 085
126. 085
125. 930
125. 113
123. 978
125. 612
124.950
125. 922
125. 922
125. 767
125. 767
' 125. 440 p 126.669
714
306
764
752
673
287
707
692
693
269
707
711
660
237
767
692
623
230
673
630
531
202
651
559
595
201
684
596
680
251
687
630
742
257
761
736
693
238
714
712
735
261
690
712
892
355
707
798
832
331
725
856
1,755
7,981
2,619
5,362
1,770
8,549
810
7,739
1,766
3,952
1,105
2,847
1,841
4,662
1,005
3,657
1,884
4,901
1,098
3,803
1,976
5,700
640
5, 060
2,064
3,986
1,268
2,718
2,121
6,380
1,528
4,852
2,146
5,512
923
4, 589
2,148
6,414
1,601
4,813
2,126
6,806
1,564
5, 242
2,035
8,043
1,770
6,273
1,904
78. 227
77. 614
77. 703
76. 545
76. 549
75. 665
74. 359
72. 092
72. 271
71.030
70. 268
157.829
157. 523
157. 523
157. 217
156. 298
155.685
155.379
155.379
154. 154
152. 929
151.471
151. 471
p 151. 032
714
400
761
685
1,633
664
355
782
711
1,704
678
342
767
691
1,781
722
380
759
684
1,856
491
317
583
554
1,885
547
342
512
523
1, 874
472
366
395
447
1,822
512
383
444
496
1,770
662
418
568
628
1,710
673
427
638
664
1,684
675
410
720
692
1,712
793
463
724
740
1,696
715
499
635
679
1.652
83.26
81.10
76.11
70.84
70.04
70.65
71.71
70.90
71.01
70. 64
70.16
' 69. 36
' 70. 633 p 74. 398
* 69. 36
HARDWOOD FLOORING
Maple, beech, and birch:
4,275
Orders, n3w .
_. M bd. ft
4,400
3,300
3,975
3,575
3, 850
5, 150
4,200
4,550
5, 150
3,900
4,350
5,650
9,800
Orders, unfilled, end of month
do
9,500
8,450
8,100
7,850
9,250
9,300
9,450
10,000
10, 450
10, 550
11,150
11.300
3,100
Production
do
3, 950
4,100
3,775
4,750
3, 950
3,900
4,300
4,600
3, 450
3,950
3,950
3,450
4,350
Shipments _.
do _.
4,300
3,850
3, 925
3,750
3, 750
3,650
3,825
3,900
4, 650
3,750
3.950
4,850
8,025
Stocks, mill, end of month
_._do
7,650
7,650
8,500
8,675
9,750
9,300
9,850
10, 500
10. 650
8,200
10, 350
9, 500
Oak:
73,043
Orders new
do
74, 238
73, 874
76, 085
68, 178
70, 910
80, 206
89, 079
99, 618
84, 824
95, 444
78, 781
99, 934
Orders, unfilled, end of month
do
60, 034
54, 735
52, 885
50, 082
46, 584
47, 688
54, 743
68, 085
76, 534
74, 554
73,118
66, 643
71,364
81, 390
Production
_
do
78, 243
81, 474
86, 213
76, 703
81, 218
77, 282
75, 518
89, 459
90, 062
90, 5S7
86. 999
92. 604
83, 100
Shipments
do
79, 637
79, 581
84, 572
73, 924
73, 151
71, 221
75, 737
89, 853
90, 926
86, 688
93, 690
95, 213
Stocks, mill, end of month..
do
50, 373
49, 079
50, 971
52,612
55, 391
68, 289
64, 149
68, 070
66,173
62, 495
54. 383
61. 090
57, 486
f
r
Revised.
Preliminary.
©Revised monthly data (for production, shipme tits, and st ocks;
also
(
)rders,
exce
pt
for
all
t
aber)
are
a
ypes
of
IUE
vailable u ion reques t as follow 5: January 1950-Febr uary 1953 f or lumber
(all types); January 1952-February 1953 for Douglas Sr; January 7-Decemb(?r 1951 for £Southern p ne; Januar y 1950-Fet>ruary 1953 for Weste rn pine.
JRe vision s for 1952 fc)r exports )f sawmill
products (softwoods) will be shown later .
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through
1952 and descriptive no tea are shown in the
1953 Statistical Supplement to the Survey
September 1954
19 ^3
July
August
Septem-
ber
1954
October
Novem-
January
ber
Febru-
March
ary
April
May
June
July
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging) : *
Shipments (market), quarterly total
M sq ft surface measure ..
Inventories (for sale) end of Quarter
do
Softwood (Douglas fir only), production*
M sq ft 76" equivalent .
176, 637
34 614
r
172 270
33 4S6
279, 972
318 019
167,888 „.,
34,681 .....
!
376,994 | 356,285
342,385
r
358 393
...
„.-_.-..
16-5,286
30,828
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total 9 O
- short tons ..
Scrap
do-.~Imports total $
do
Scrap
- --.
_do----
251,365
15,988
318,519
22, 083
235, 664
37, 475
272, 106
18, 669
243, 571
25, 477
241 726
14, 438
270, 433
30 041
210 830
7,104
277, 137
36 065
190 054
9,897
3?6 635
51 953
144 488
2, 294
311,926
59 408
86 639
1,325
300, 433
66 790
70 461
2,016
315,967
103 464
86 837
1,355
360, 844
65 419
103 449
3,121
270, 706
40, 561
323 ?73
11,073
327, rt02
102, 5'i2
139 9'M
14, 650
Production and receipts, total*_thous. of short tons..
Homo scrap produced*
do
Purchased scrap received (net)*.
,___do.-_Con^umption total
do
Stocks, consumers', end of month.-......, _ _ - - - - d o _ - - -
6, 368
3.594
2, 775
6, 204
6, 560
6, 644
3.675
2. 969
6.314
6,893
6,174
3,607
2,567
6,043
7,033
6,057
3, 693
2,364
6 304
6,780
5,700
3 472
2,228
5 672
6,816
5, 588
3 472
2,116
o 253
7,152
4,974
3 241
1,733
5 123
7,004
4, 806
3 010
1,767
4,912
6,940
5,103
3 181
1,921
5 194
6,811
4,893
2 974
1,919
5, 133
6,571
5,090
2 951
2,140
5,350
6,315
v 5, 221
v 2, 904
v 2, 258
P 5 219
P 6, 316
Ore
Iron ore:
All districts:
Mine production
thous. of long tons..
Shipments
do
Stocks, at mines, end" of month— _ — -----do
Lake Superior district:
Shipments from upper lake ports
- do____
15,719
16, 534
7, 739
15, 473
16,281
6,943
15, 143
15, 457
6, 614
12, 290
13,512
5,396
6,392
6 998
4,800
3,183
2 099
5, 877
3,068
1 749
7,041
2, 982
1,653
8, 399
3,117
1 597
9, 920
4,466
3 059
11,327
9,818
10 573
10,580
11,610
12 399
9, 790
10, 994
11,987
8,796
14, 497
8,239
38, 829
34, 443
4, 386
1,148
15, 237
8,150
45, 579
39, 988
5,591
1,109
13,214
7 699
51,767
44,612
7,155
1. 137
11 538
8 131
55, 699
47,419
8,280
1,085
5, 300
7 5°2
54, 981
46, 896
8, 085
C65
0
7 022
48,815
41, 145
7.671
948
o
6 996
41,974
34, 797
7,178
836
0
5 787
36, 386
29, 661
6, 725
795
0
5 932
30, 5-87
21, 553
6,035
844
1 , 525
5 287
26, 142
20, 690
5, 452
932
9 9F,2
5 ?7fi
2Q R p)3
24, 147
5,416
1,119
10 608
r 5 3%
34, 996
29, 187
5. 809
1 496
11 016
5 155
40,723
34, 537
6,186
127
89
SO
134
71
112
110
92
74
98
93
83
1, 233
1,056
573
1,223
1,069
589
1,170
1,106
612
1,076
1,142
650
977
1,004
564
955
1,032
553
872
932
488
865
936
492
842
1,047
553
826
995
528
775
943
516
804
987
556
137, 251
77, 111
45, 413
120, 801
73, 855
45,415
114, 523
74, 333
45, 466
104, 046
73, 473
45, 515
93, 156
63, 435
37, 500
95,612
72, 126
39, 657
85, 565
70,288
38, 266
81. 579
69, 078
37, 792
74, 219
84, 342
47, 125
69, 094
74, 515
39, 102
67, 040
67, 856
37, 306
60, 163
72, 820
41 121
6. 516
6,249
6,472
6. 353
6, 202
6, 024
6, 498
6,421
6, 063
5, 963
5,779
5, 703
5, 580
5. 525
4,811
4,809
4, 959
4,892
4, 503
4,505
4, 624
4, 691
4,724
P 4 816
2,298
2, 368
2.511
2,527
2, 6CO
2, SOO
2, 764
2,829
2,858
2,809
2,729
v 2, 610
56.22
56.00
56. 50
56. 23
56.00
56.50
56. 10
56,00
56.50
56. 03
56. 00
56.50
56. 03
56. 00
56. 50
50. 03
56. 00
56. 50
56 03
56.00
56. 50
56.03
56.00
56. 50
56. 03
56. 0()
56.50
56. 03
56. 00
56. 50
56 03
56 00
56.50
56 03
56 00
56, 50
141,340
107, 941
25, 026
135, 303
102, 880
24, 108
140, 702
106, 788
25, 354
114,088
84, 945
17, 784
123, 281
91.017
18, 685
122, 758
93, 577
20, 058
116,520
88, 699
17,756
122,310
92,271
15,502
105, 788
78,754
10,768
94 610
70. 596
0 337
100 022
72, 881
8 596
1974,153
i 150,512
i 110, 926
i 39, 586
882, 034
153, 173
110,305
42, 868
797, 523
155, 772
112,803
42, 969
740, 127
143, 239
103,113
40, 126
650, 533
142, 603
98,915
43, 688
637, 896
138, 926
101,523
37, 403
539, 194
126, 888
94, 164
32, 724
486, 547
130, 224
95, 529
34,695
459, 575
115. 795
86, 446
29, 349
430,617
107,
121
C
0 939
26 182
409, 194
113,089
86, 185
26 904
9,406
94
8,883
92
9, 463
95
8, 690
90
7, 946
80
7, 951
75
7,083
74
7,290
69
6,971
68
7,473
71
7, 364
.0524
. 0524
.0524
. 0524
. 0524
. 0524
. 0524
.0524
.0524
.0524
. 0524
. 0539
72. 00
. 0438
72.00
.0438
72.00
.0438
72. 00
.0438
72.00
.0438
72.00
.0438
72.00
.0437
72.00
.0437
72.00
.0437
72.00
.0437
72. 00
.0437
p 74. 00
;, Q452
45.50
40. 50
36. 50
36. 50
33. 50
30. 50
28.50
25.50
26.50
29.50
29. 50
* 2X. 50
4,013
2,026
94
4,052
1 950
123
3, 748
2 101
90
3, 404
1 848
88
3,
231
0
003
3,533
1 600
71
3,141
1 681
68
3 066
1 950
73
3 238
1 892
67
3 101
1 908
62
3 208
2 OH8
67
3 160
1 848
Iron and Steel Scrap
Stocks end of month total
,. do
At furnaces
. -- d o _ - _ _
On Lake Erie docks
-doImports
do
Manganese ore, imports (manganese content)
thous. of long tons_.
T
r
Pip; 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, f. o. b. Neville Island. .do....
4, 626
56 03
P r>6 00
'' 56. 50
Steel, Crude and Semimanufactures
Steel castings:
139, 577
Shipments, total
_. short tons
For sale, total
do..__ 105, 687
22, 925
Rail way specialties
- -- do
Steel f or g ings:
1,080,582
Orders, unfilled, for sale..,,
do
Shipments, for sale, total
_ _ _ _ _ _ _ _ _ d o - - . - 155,288
112,848
Drop and upset
__,
do
42, 440
Press and open hammer
do
Steel ingots and steel for castings:
9,276
Production
_.
thous. of short tons..
93
Percent of capacity!
Prices, wholesale:
.0524
Composite,finishedsteel— ------ -dol. perlb..
Steel billets, rerolling, f. o. b. mill
72.00
dol. per short ton..
.0438
Structural steel, f. o. b. mill. ...--..dol. perlb..
Steel scrap, heavy melting (Pittsburgh)
44. 50
dol. per long ton__
0, 628
6'-?
Steel, Manufactured Product*
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month . . _ ..thousands
Shipments
do
Stocks, end of month
___.
do
3,901
1,975
117
1
' Revised,
* Preliminary.
Data beginning August 1953 represent industry totals based on a different sample.
*New series. Data for hardwood plywood are compiled by the U. S. Department of Commmerce, Bureau of the Census; they cover all known market producers of hardwood types, except
as indicated. Earlier figures on a comparable basis are not available.
Douglas fir plywood production is compiled by the Douglas Fir Plywood Association. Data presented are total industry figures, based on reports from plants controlling, on the average,
approximately 90 percent of industry capacity The monthly totals are estimated from weekly reports by prorating split weeks on the basis of a 5-day workweek, with allowance for generally
observed holidays. Later figures for 1953 will be published as they are made available by the compilers in their current reports.
Data for production and receipts of iron and steel scrap are compiled by the U. <S. Department of Interior, Bweau of Minei; data prior to 1953 are not available for publication.
Gin the 1952 edition of the export schedule, certain items (pipe fittings, welding rods, bolts, fabricated structural and other shapes) were transferred from the steel-mill products to the
metal manufactures category. The data through 1952 as shown in the 1953 edition of BUSINESS STATISTICS were adjusted to include exports of these commodities for comparability with the
earlier data. Exports beginning January 1953 as published in the March 1953 SURVEY and subsequent issues exclude these items which averaged 21,300 short tons per month in 1953.
9 Revisions for 1952 are shown in the April 1954 SURVEY.
JFor 1954, percent of capacity is calculated on annual capacity as of January 1,1954, of 124,330,410 tons of steel; 1953 data are based on capacity as of January 1,1953. of 117,547,470 tons.
SURVEY OF CURRENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-33
1953
July
August
Se t e m
ge r "
1954
1 October
November
December
January
^ra-
March
April
May
June
317, 332
179, 790
137, 542
275, 979
1,308
29, 767
381, 781
223. 032
July
METALS AND MANUFACTURES—Continued
IKON AND STEEL— Continued
Steel, Manufactured Products— Continued
Cans, metal, shipments (in terms of steel consumed),
total
short tons
Food
do .
Nonfood
_.
._ _
.do
Shipments for sale
do
Commercial closures, prod action. __
millions..
Crowns, production
thousand gross..
Steel products, n^t shipments:
Total
thous. of short tonsBars* Hot rolled all grades
do__
Relnforoin^
__
,,do
Ppmimannfflctnrss
do
Pine and tubes
_
do
Plates
_ _. .-_
do
"Roils
_
._
do
Sheet^
....
—.
_do
Strip- Cold rolled
_
__
do_.
TTot rolled
do
Structural shapes, heavy
do....
Tin Dlate and ternenlatb.
do
Wire and wire products
do.
446.772
299, 306
147, 466
407, 362
1,281
30, 752
506, 215
360, 56-1
145, 651
457, 387
1, 259
29, 155
484, 561
346,615
137, 916
432, 830
1,226
27, 244
368.917
239, 111
129,806
329, 545
1,283
24, 746
314,408
190, 280
124,128
280, 289
1,097
22, 378
192, 403
123.416
68, 987
155.000
1,137
21, 972
264, 708
161,320
103,388
224, 580
1,089
24, 581
260, 053
157,880
102, 173
225, 597
1 , 207
26, 572
291,4<18
164, 484
126,924
252, 096
1,410
31, 680
323. 903
187. 779
136. 124
278, 292
1,386
31, 285
6, 583
794
166
295
801
587
156
1,957
151
161
414
405
328
6, 4y9
750
148
252
778
586
150
1,921
188
195
391
390
378
6, 401
723
163
232
833
586
162
1.864
191
192
393
340
349
6, 727
758
161
232
864
644
164
2,003
194
180
442
361
329
5, 604
140
190
728
600
182
1, 768
169
151
443
303
270
5, 685
586
125
190
714
633
185
1, 674
140
116
481
266
264
5, 728
569
111
169
664
1,738
123
127
473
411
292
m
5, 365
5-49
113
165
664
529
178
1,519
113
116
438
393
314
5, 584
'546
125
161
748
544
166
1, 496
112
120
437
475
366
5. 288
479
14 0
153
765
457
122
1,481
9P
111
384
445
375
,', 423
494
163
136
731
442
82
1, 539
94
125
353
607
394
5, 'SS7
532
211
157
786
421
10S
1, 657
107
140
373
6flO
423
4. 490
44-4
168
116
674
376
80
1, 347
74
95
350
242
322
109, 285
390, 184
110, 545
442, 171
109, 333
402,340
108, 21 9
363, 945
105, 636
400, 077
110,291
434, 958
116,247
438, 392
110, 483
462, 577
122, 339
474, 966
120, 434
435, 681
125, 138
451,744
120,758
457, 748
126, 16!
.1000
.0900
.0900
. 0825
.0996
. 1033
. 0892
.0875
. 0892
. 1037
.1092
.1000
. 1000
254. 0
51.2
202.8
123.4
.429
241.4
50.4
191.0
117.8
.429
237.4
53.3
184. 1
111.8
.417
241.2
55.1
186.1
113.6
.417
199.9
51.0
148.9
89. 4
.417
200.8
51.6
149.2
91.2
,417
205. 4
51.4
153. 9
84.3
.417
196.5
51.2
145.3
80.5
.417
226.2
56.2
170. 0
93. 0
,417
227.2
53.0
174.2
96.9
.417
216. 3
47.7
168. 7
94.9
.417
232. 3
48. 1
184.2
' 102. 0
' i. 444
1 70. 0
94. 7
'1.444
' 72, 9-34
66, 395
or.r
r
T
i:,8, 149
339. 278
1 . 449 "" 1,?09
28, 679
32, 026
NONFERROTJS METALS AND PRODUCTS
Aluminum:
Production primary
.. short tons
Imports, bauxite
lone: tons..
Price, wholesale, scrap castings (N. Y.)
dol. perlb..
Aluminum fabricated products, shipments,
total
.
_-mil. oflb-Csstin^s
- do -Wrought products, total®
._-..
do....
Plate and sheet0}
do
Brasssheets, wholesale price, mill-,---.. dol. perlb..
Copper:
Production:
Mine production, recoverable copper
short tons..
Crude (mine or smelter, including custom intake)
_. short tons.
Refined
do
"Deliveries, refined, domestic
... do
Frocks, refined end of month
do
Exports, refined and manufactured,
...do
Imnorts, total 9 . .
,_„
.,
do
Unrefined, including scrap 9
_-.... .do
Refined 9
do
Price, wholesale, electrolytic (N. Y.).dol. per l b _ _
Lead:
Ore (lead content):
Mine production
_
short tons
Receipts by smelters, domestic ore
do
"Refined (primary refineries):
Production
- -- do
Shipments (domestic)
____.do
Stocks end of month
do
Price, wholesale, pi?, desilverized (N. Y.)
dol, perlb.,
Imports, total, except mfrs, (lead content) 9
short tons..
Tin:
Production, pig§ _
long tons
Consumption, pig, total§— ......
.......do
Primary $
_
do
Stocks, pier, end of month, total§
do
Government^}.
,. _ _ . _ _ _ ,
do....
Industrial?....
" "
"do
Imports:
Ore (tin content) __ ._.
do
Bars, blocks, pies, etc .
... _
do
Price, wholesale, Straits (N. Y.)
dol. per lb._
£inc:
Mine production of recoverable zinc.__short tons,.
Slab zinc:
Shipment", total.
..do
Domestic
.
. — .....
— ..do
Stocks, end of month-.... _ _
._
.do
Price, wholesale, prime Western (St. Louis)
dol. perlb..
Imports, total (zinc content)...
short tons..
For smelting, refining, and export 9 ._.__. _do
For domestic consumption:
Ore (zinc content) 9
. do
Blocks, pigs, etc... ...... ....... .......do
76, 492
75, 581
75, 442
80, 005
75, 166
77, 019
74, 697
65, 299
71, 289
68, 383
71, 424
88, 063
122, 030
104, 481
77,100
13,317
66. 200
48. 201
17,999
. 2969
84, 953
108, 974
106, 985
78, K5
18,064
48, 348
32, 087
16, 261
.2961
86, 748
114,760
104, 886
72, 907
18, 249
57, 676
48, 261
9,415
.2962
92, 435
126,138
110,519
84, 303
18,870
51, 095
35, 351
15, 744
.2960
85, 7?4
119,230
100, 908
93, 274
15,827
32,414
26, 01 1
6, 403
.2965
88, 732
123. 296
112,244
89, 193
26,416
32. 261
19.116
13, 145
. 2967
84,216
111,553
77,091
108,121
30, 472
34, 790
20, 533
14,257
. 2967
74,428
103, 496
89, 017
118,417
25, 499
55,617
41, 155
14, 462
.2967
81,100
117, 546
95, 795
125,759
19, 043
43,214
31,961
11,253
. 2969
77, 463
112,617
104. 579
124, 523
31, 235
46, 547
32, 372
14, 175
, 2970
78. 231
108, 403
111,005
82.111
29. 767
51,974
32,118
19, 856
.2970
r
26, 364
27, 339
26, 083
27, 709
26, 474
27, 637
26, 652
27, 934
24, 671
26, 904
27,107
28,812
24, 695
26, 202
27, 443
29, 342
29,316
31,520
26, 844
28, 508
25, 395
25, 7P2
r
40, 210
35, 652
61,017
38, 022
40, 836
58, 103
42, 154
41, 598
58, 490
44, 741
44, 987
58, 236
52, 562
43, 234
67, 494
48, 687
35, 007
81, 152
48, 518
37,108
92, 496
42, 046
36, 551
97, 981
50. 808
47, 837
100. 927
46, 730
47, 161
100, 441
49. 139
40, 183
109, 302
85, 329
112,121
106, 252
69,181
20, 046
81, 833
35.316
46, 517
.2970
73, 755
107, 095
97, 436
6*. 921
. 2970
26, 209
28, 266
25, 128
26, 975
42,317
46, <«7
104, 626
35, 716
37, 195
93, 080
. 1400
, 1368
. 1400
.1374
.1350
.1350
.135(
.1326
. 1282
.1294
. 1400
.1411
30, 796
41, 234
22, 029
34, 107
39, 873
30, 570
43, 043
46, 957
51,708
49, 126
62. 089
64,014
3, 151
6, 580
4, 329
16, 932
4. 935
11,997
2, 7C-8
6,619
4,257
20, 340
7,536
12, 804
2, 962
6, 855
4, 276
23, 466
10. 436
13, 030
3,011
6,519
4,001
26, 164
13,086
13, 078
2,964
5, 826
3,698
28, 460
15,717
12, 743
2. 986
6,182
3, 822
32, 928
18,467
14. 46J
2, 957
6, 260
4, 060
35, 674
22, 767
12, 907
3, 232
6. 350
4, 230
39, 389
26, 6-16
12, 743
3,804
7. 190
4,720
38, 204
26, 650
11, 554
3,207
7,230
4, 850
33, 371
11,' 219
2, 235
7,210
5,100
19. E81
6. 842
12,739
1,4?5
7,400
5, ] 00
12, 925
0
12,925
2, 798
5. 821
.8163
1,214
6, 992
. 8068
1, 910
5, 372
, 8231
2, 370
6,388
. 8085
3,329
5, 067
.8? 19
3. 648
5, 802
. 8401
2,781
6,176
. 8483
2,417
3,987
.8504
1,346
5, 383
.9188
1,217
5, 021
,9612
16
5. 828
. 9353
3, 100
6, 8 r /j
. 9421
.9fi,>_
42, 305
40, 965
39, 188
38, 771
36, 460
37. 745
38, 852
38, 122
41, 252
39, 945
40, 031
40, 136
3s, 378
80, 825
74, 204
69, 498
103, 906
83, 241
69, 250
65, 450
117,897
81,211
57, 547
55, 167
141, 561
84.031
67,175
65, 470
158,417
75, 891
f>8. 685
63,617
165, G23
79,116
63, 8%
55, 4S7
180, 843
78, 561
60, 692
54, 865
198,712
68, 020
66, 7.38
57,781
199, 994
71,186
70, 080
66. 929
201, 100
70, 258
70,618
67. 1 52
200! 740
73, 654
64, 565
61 , 859
209, 82S
71,540
80, 244
72, 262
201, 124
70, 749
73, 846
•><), 157
1!>S,027
. 1100
66, 834
182
.1098
54, 950
49
.1018
53, 446
124
.1000
61, 532
325
.1000
48, 530
2,831
. 1000
73. 246
4,4.54
. 0976
66, 323
2, 455
. 0938
63,908
6,704
, 0964
77, 774
1, 264
- 1025
39,112
2, 054
.1029
50, 817
4o
. 10%
128, 786
1, 239
41, 600
25, 052
38,882
16,019
42, 062
11,260
51,095
10, 112
36, 198
9,509
58, 352
10, 440
52,419
11,449
48, 525
8,679
61, 332
15,178
21, 439
15.619
4C,59t
10, 208
irs, 77">
2,591
8,404
3,345
7,909
3,336
7, 152
3,840
6,327
2,782
5, 980
2, 095
5, 957
2,041
6,126
1,896
6,292
1,732
6,906
1,745
7, 696
2,208
7,903
79,735
'281,205
95, 622
••77,835
44,631
76, 872
44, 966
75, 110
43, 174
71, 251
47, 370
77, 203
51,220
82, 995
66, 807
80, 845
1390
f
. 1 100
18, 771
HEATING APPARATUS, EXCEPT
ELECTRIC
Radiators and convectors, cast iron:cf
Shipments
thous ofsq ft
Stocks, end of month
do.
Oil burners: t
Shipments
,____
_ _.
number
Stocks, end of month
do
p Preliminary.
100, 955
67, 625
r
103, 463
71, 700
r
r
» Specifications changed; not comparable with earlier data.
«>f^r^^
62, 010
65, 250
r
' 1, 738
7, 453
48, 565
84,276
2 Revisions for January-June 1953 (number): 37,648; 58,337; 67,296; 78,798; 86,402- 86 651
•r December 1953 (mil. lb.): Total wrought products, 150.7; plate and sheet, 90.9. ' '
'd SeMJCKI f C?™Pi]fd. *>y the u- S. Department of Interior, Bureau of Mines: monthly data for 1951 and 1952 appear on p. 24 of the March 1954 SURVEY
represent those a'
cast iron radia
Government ^onV«
SURVEY OF CURRENT BUSINESS
September 1954
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July
1 August
September
October
November
December
January
Febru-
March
April
May
June
METALS AND MANUFACTURES—Continued
HEATING APPARATUS^— Continued
Stoves and ranges, domestic cooking, excl. electric:
Shipments total
number
Coal and wood
do
T<T SPTIP' O'asnlinp and fuel oil
do
9t - <Y
t' 1 t''
hi
ent^ total
do
Coal and wood
do
Gas
do
TCerosene gasoline and fuel oil
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments totalA
number
Gas
'
do ._Oil
do
Solid fuel
do
Water heaters gas shipments*
do
203, 752
227, 248
222, 942
171,491
9.636
7,006
7,543
5,796
209, 249
205, 038
159,515
187, 515
10 361
9 231 T 8, 363
6 180
r 2312 887 ' 418 084 502 681 r 423 656
51. 841
67. 332
55,517
47, 056
-•2168,182 r 243, 348 ' 262, 997 r 244. 963
122.895
172, 352
123. 176
97, 649
r
2
90, 1 19
46, 939
38,318
5.696
170, 356
' 108.206
54. 014
47. 210
7. 94S
159. 730
r 125.110
59, 736
56. 280
10. 165
171. 779
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Unit heater group new orders
do
Foundry equipment (new), new orders, nett
mo. avg. shipments, 1947-49= 100. .
Furnaces, industrial, new orders, net:
Electric processing
thous. of dol. _
Fuel-fired (except for hot rolling steel)
do
Machine tools (metal- cuttine types):
New orders
mo. avg. shipm?nts, 1945-47=100..
Shipments
-do
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol ..
Tractors (except garden), quarterly:*
' 85, 783
43, 137
37, 895
5, 546
148, 855
41 863
16.912
' 63, 612
33, 495
27, 984
2, 806
135,054
151,397
4,683
137,768
8 946
88 689
4.471
40, 791
43, 427
168, 062
6,110
153, 515
8 437
74 542
6,117
33, 364
35, 061
203 584
5, 643
188 519
9 422
94 395
7, 242
44, 691
42, 462
186, 951
5, 876
172 762
8 313
196 819
6,804
77, 109
42, 906
176 925
3,468
164 228
9 229
125 981
6,474
76, 427
43, 080
187, 944
4,206
174,806
8 932
180 323
10. 935
111,796
57. 592
57, 192
30, 927
23, 862
2,403
161, 152
57, 217
30, 505
24, 267
2,445
171,490
69, 280
39, 870
26, 827
2, 583
184,043
72, 488
43, 566
26, 882
2,040
196, 767
r
r
95, 325
57, 301
33. 838
4, 186
202. 574
82, 462
49, 661
30, 210
r
2, 591
191,660
T 49 495
13 661
43 197
16, 699
62 049
14 586
159. 2
236. 3
127.7
87.2
150.0
161.2
173.8
99.9
82.7
125. 3
80.8
86.4
68.8
2,241
1,983
1,711
5.454
834
3,003
1,531
1,868
1,166
1, 690
909
1,624
1, 356
1,832
994
1,686
2,042
1,119
1.262
1,711
3, 051
2, 423
986
3, 642
457
973
247.3
267.6
286.9
299.6
223.7
328.3
198.7
348.4
146. 6
320. 2
149.8
301.4
173.5
319.4
159.8
323.1
169.6
327.2
142.8
302.7
139. 5
270.3
ISo. 2
276. 3
M23.9
» 204. 7
5,533
4, 886
4, 845
5,097
4,634
4, 645
4, 057
4,272
5,093
^ 5,319
5,007
o, 176
4,733
* 206, 544
Wheel type (excl. contractors' off-highway)
thous of dol
do
r
Track lay in sr
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands .
Domestic electrical appliances, sales billed:
Refrigerators index f
1947-49=100
Vacuum cleaners standard type
number
Washers
do
Radio sets, production §
do
Television sets (incl. combination), production§
number. .
Insulating materials and related products:
Insulating materials, sales billed, indexf
1947-49=100
Fiber products:
Laminated fiber products, shipments®
thous. of dol. .
Vulcanized fiber:
Consumption of fiber paper
thous. of l b _ _
Shipments of vulcanized products
thous. of dol. .
Steel conduit (rigid), shipments*
thous of feet
Motors and generators, quarterly:
New orders, indext
1947-49=100
Polyphase induction motors, 1-200 hp:1!
New orders
thous. of dol_
Billings
do
Direct current motors and generators, 1-200 hp-. J
New orders
thous of dol
Billings
do
r 120, 463
58. 374
53, 203
9,890
185,388
176, 297
150,392
6,876
5, 516
1 59, 270 134, 904
10,151
9,972
r
260 150 r 103 223
27. 610
11,028
* 172,467 r 64, 070
60, 073
28, 125
112,028
84, 615
2,852
2,825
2.173
149,094
173 955
212 321
76, 524
66, 201
105 302
60 207
123 685
74 731
1,890
1,788
35.2
62.2
46.4
53.1
227, 253
249, 383 216, 227
190, 773
244,
144
349,
342
200,
034
319,
066
1
1,21 6, 525 1, 052, 493 1,065,785 11,101,115
2,528
2,707
87.4
159, 446
233, 191
674, 459
62.6
188, 536
296, 589
991, 637
316, 289
603, 760 i 770, 085
680, 433
561, 237
T
r
1,422
1,194
1,150
1, 391
95.0
221, 233
256, 596
871, 981
91.0
89.0
199, 035
276, 464
306, 639
317, 939
769, 232 i 940, 352
73.0
220. 849
272, 593
745. 235
74.0
209, 434
254,017
722, 104
i 449, 787
420, 571
426, 933 i 599, 606
457, 608
396, 287
124.0
116 0
r
1
1,834
195, 781
309. 012
837, 655
1 544, 142
2,287
193, 607
246, 846
438, 061
306, 985
149.8
152.8
152.6
154.4
129.6
133.1
124.0
120.0
136 0
8,872
8,505
9, 222
9,591
8,879
8,894
8.345
8,160
9,598
9, 235
8,843
9,521
7,739
4,033
4,197
4,287
4,287
3,591
3, 571
3.346
3,370
3,850
3, 266
3,431
3,128
2, 566
1, 645
34, 048
1,720
16,871
1,653
17,057
1,716
18.043
1, 367
17, 488
1,405
17. 756
1,421
16, 133
1,451
17,230
1,535
20 306
1,388
20 770
1, 237
21 784
1,236
26 171
1,037
171.3
144.6
152 0
42, 088
41, 186
36, 341
37, 804
35, 208
36 304
36 817
35 675
7, 917
9,521
7,883
11.490
9 533
9 131
7 958
10 183
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
2, 650
2, 475
2,378
2,904
2,632
2,315
Production
. ._ thous- of short tons_.
2,370
2,354
2,204
1,939
1,958
1,877
2,226
Stocks in producers' storage yards, end of month
1,726
1,759
1,786
1,870
1,929
1,916
1,726
1,384
1,656
thous. of short tons..
1,244
1,340
1, 252
1,223
324
254
220
365
159
246
193
Exports
_
do
247
130
152
145
217
Prices:
26.16
26.16
26.19
26.23
26.34
26. 36
Retail, composite 9
dol. per short ton..
26.34
26.36
26.36
26. 05
24.41
24.40
24.40
15.550
15. 508
15. 319
15. 756
Wholesale, chestnut, f. o. b. car at mine -.do
15. 533
15. 533
15. 533
15. 533
15. 533
12. 850
13.381
- 13.588 f 13. 588
Bituminous:^
Production
thous. of short tons .
34, 954
40, 265
40, 994
40, 583
35, 465
37, 082
34, 055
29, 657
31, 456
28, 380
29. 050 ' 30, 660 27, 650
Industrial consumption and retail deliveries,tota]
32, 476
34, 298
thous. of short tons..
36, 650
35, 769
33, 492
39, 057
39, 772
32, 962
34, 134
27, 958
26, 477
24, 937
25. 535
29, 274
28, 973
29. 473
Industrial consumption, total.
do
30, 942
30, 398
31,914
31,436
26, 560
27, 969
24, 487
23, 831
22, 836
23. 256
641
Beehive coke ovens. .
do
585
258
644
585
491
476
56
106
59
47
45
49
Oven-coke plants.
..
do. ..
9,035
8, 553
8,767
8,946
8,352
8,298
8, 050
6,901
7,298
6.658
6.811
6,581
6, 593
686
668
682
Cement mills
do
701
686
735
624
737
676
625
641
675
576
9,287
9.409
9,390
9,917
10, 571
Electric-power utilities
_. do._
9,865
10, 620
8,798
9,614
8,438
8,435
9, 133
9, 029
2,191
Railways (class I)
do
2.134
2,239
2.227
2,092
1,939
2.096
1,601
1,610
1,347
1,356
1,278
1. 254
449
Steel and rolling mills
__ do_.
421
469
424
481
555
566
532
476
411
381
315
339
6, 985
Other Industrial
do
7,203
8,262
8.427
9,268
7,160
9,185
8,045
8,189
6, 952
6,160
5, 416
4,809
3,202
5,325
5,708
4,019
Retail deliveriesdo
5.371
7,143
8,336
6,402
6. 165
3.471
2.646
2 279
2. 101
r
2
Revised.
p Preliminary.
1 Represents 5 weeks' production.
Revised shipments for January-June 1953 (number): Heating stoves—total, 156,043; 134 980* 155 333-144 749- 162 660227,914; gas type, 67,830; 71,214; 86,279; 79,492; 85,831; 127,488; warm-air furnaces—total, 57,725; 55,284; 63,674; 66,962; 70,205; 89,460.
'
' '
' '
cfRevisions lor January-July 1952 for heating apparatus and January-September 1952 for bituminous coal will be shown later.
*New series. Water-heater shipments are compiled by the Gas Appliance Manufacturers' Association beginning June 1953 and by the U. S. Department of Commerce, Bureau of the Census
for earlier months; data represent total shipments of gas water heaters based on reports from manufacturers representing 98 percent of the total industry; monthly data prior to August 1952 will
be shown later. Tractor shipments are compiled by the 17. S. Department of Commerce, Bureau of the Census, from quarterly reports received from active manufacturers of complete tractors'
data represent total shipments reported by all producers of the specified types of tractors; (annual totals beginning 1922 are available upon request; data for the first three quarters of 1952 are
shown in the January 1954 SURVEY). For description of new series for steel conduit, see note at bottom of p. S-35.
JRevised to reflect use of new base period.
0 Includes contractors' off-highway wheel-type tractors.
t Re vised series, reflecting use of new base period; data prior to August 1952 will be shown later.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for September and December 1953 and March and
June 1954 cover 5 weeks; other months, 4 weeks.
© Data for January-October 1953 cover 17 companies, November-December, 18, and beginning January 1954, 19 companies.
1 Data beginning 3d quarter 1953 for polyphase induction motors cover 33 companies. For direct current motors and generators, data for all quarters shown cover 27 companies (except
1st quarter 1954, 26 companies).
9 Revised to represent weighted average price of anthracite stove based on quotations in 6 cities as follows: Baltimore, Boston, Laconia (X. H.), Madison
(Wis.), Middletown (Conn.), and New York.
A Monthly totals for 1953 reflect adjustments to the annual survey. Such adjustments have not been made for components,'therefore
detail does not add to total.
SURVEY OF CURRENT BUSINESS
September 1954
S-35
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July
August
September
October
November
December
January
February
March
April
May
June
July
PETROLEUM, COAL, AND PRODUCTS—Continued
CO A L— Conti nued
Bituminous— Continued
Consumption on vessels (bunker fuel)
thous. of short tons__
Stocks, industrial and retail dealers', end of
month, total
thous. of short tons.Industrial, total
O v en coke plants
Cement mills
Electric-power utilities
Railways (class I)
Steel and rolling mills
Other industrial
-
do
do
- - do
do
- - do
do
-.
do
Retail dealers
72
73
66
66
54
19
5
4
5
29
52
62
55
74, 752
77,997
81, 005
82, 719
82, 381
80, 614
75, 741
75, 194
72,033
70, 595
69, 432
69, 646
67, 186
73, 153
13, 221
1,197
37, 767
2,576
76, 387
14, 698
1,341
38,758
2,533
79, 372
15, 910
1,454
39, 713
2,639
81,009
16 609
1,505
40 468
2,605
1 028
18, 794
80, 642
16 720
1,541
40 487
2,562
1,008
18, 324
79, 075
16 486
1,461
39 770
2,570
74, 531
14, 885
1,290
38, 090
2,432
74, 029
14, 730
1,173
37, 969
2,350
71, 146
13 887
1,068
37 468
2,167
69, 611
12, 856
1,071
37, 504
2,049
68, 606
12, 596
1,090
38, 299
1,839
68, 803
12, 659
1,144
39, 125
1,811
66,286
11 125
1,123
38 848
1,662
977
931
887
830
17,811
16, 903
16, 920
15, 726
918
919
17, 474
18, 138
do
E xports
-do
Prices:
Retail, composite t
dol. per short ton__
Wholesale:
Mine run, f. o. b. car at mine--.—-do
Prepared sizes f. o b. car at mine..
do
COKE
Production:
Beehive
thous. of short tons..
Oven (byproduct)
-- do
Petroleum coke d71
do
Stocks, end of month:
Byproduct plants total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
-do
Exports
--- do
Price, beehive, Connellsville (furnace)
dol. per short ton..
798
740
708
639
15, 333
14,042
13, 356
12, 889
900
1,599
1,610
1 633
1 710
1,739
1 539
1,210
1, 165
887
984
826
843
3,441
3,709
3,432
3 377
2,712
1 720
1,414
1,294
1,449
2,462
3,100
3,136
14.81
14.84
14.99
15.07
15.10
15. 12
15.14
15.13
15.12
14.99
5.796
6.572
5.698
6.665
5.698
6 721
5.724
6.811
5.716
6.811
5.716
6 807
5.681
6.837
5.607
6.787
5.481
6 429
5.403
6. 375
••307
5, 915
r
280
r 5, 825
166
65
35
30
31
4,824
37
5,647
5,110
4, 658
4,772
4,609
387
325
395
386
379
371
2,787
1,715
1, 072
2,744
1 649
1,096
2,719
1 525
1,194
2,860
1,579
1,281
3,012
1, 657
1,355
2,973
1,609
1,364
172
29
209
36
222
26
269
29
299
24
331
36
355
46
ar414
0r
956
18, 700
6, 369
r
'421
6, 341
374
384
2,221
1,529
692
141
39
r
'372
6, 061
r
'364
6, 211
r
14.70
i 6. 398
4. 538
2
14.70
377
364
380
386
2,376
1,598
2,475
1 624
2,513
1 630
2,658
1,698
778
154
48
850
157
39
883
121
40
959
137
34
2,727
1 682
1,045
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
14.75
2,471
204, 701
2,156
204. 059
2,489
194 108
2,194
188, 315
2,253
193 378
2,599
193, 453
2,169
178, 603
2,563
201 702
2,486
198, 440
2,467
200, 593
2,298
195, 000
95
2,228
196, 717
94
222. 048
91
93
92
91
91
89
88
210, 686
213, 017
209, 599
215, 892
215, 366
88
86
220, 197
93
197, 914
214, 620
204, 336
218, 178
208, 408
284, 976
74, 269
192, 450
18, 257
285, 352
73, 982
192, 366
19,004
289, 614
73, 991
197, 175
18, 448
287, 541
72, 959
195, 972
18, 610
283, 021
71, 634
192, 585
18, 802
276, 676
72, 738
185, 165
18, 773
270, 811
70, 661
180, 876
19, 274
266, 918
70, 916
177, 242
18, 760
271, 867
73, 068
180, 304
18, 495
280, 310
75, 852
185, 995
18, 463
282, 250
75, 503
187, 770
18, 977
285, 155
75, 187
191, 055
18, 913
1,232
19, 287
2.820
1,321
19, 125
2.820
1,109
21, 876
2.820
1,178
19,190
2.820
1,052
17, 919
2.820
1,378
19,841
2.820
1,588
17, 932
2.820
795
873
17, 643
2.820
21, 683
2.820
1,418
17, 259
2.820
1,258
20, 145
2.820
1,372
20 441
2.820
r
14.73
' i 6. 440 p i 6. 607
•• 2 4. 525 p 2 4. 502
27
4,591
2,843
1 619
1,224
14.75
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed J
_ _.
number..
Production!
thous. of bbl__
Refinery operations
percent of capacity. _
Consumption (runs to stills)
thous. of bbl__
Stocks, end of month:
Gasoline-bearing in U. S., total
do
At refineries
- -do
At tank farms and in pipelines
do
On leases
-do
Imports
- do _
Price (Oklahoma-Kansas) at wells... dol. per bbL.
p 2. 820
Refined petroleum products:
Fuel oil:
Production:
44, 539
44, 682
43, 901
45, 331
44, 663 3 45, 474 3 43, 256 3 45, 204 3 41, 218 3 42, 531 3 41, 966
43, 433
Distillate fuel oilj
thous. of bbl._
37, 894
36, 684
37, 942
35, 582
34, 754
39, 398
34, 215
36, 716
36, 098
Residual fuel oil J
_ _ -.
do
36, 222
38 652
33, 691
Domestic demand:
25, 140
26, 435
34 379
34, 597
44, 061
64 013 3 74, 809 3 52 840 3 54 222 3 38 269 3 28 966 3 27 440
Distillate fuel oil$
do
41, 330
41. 362
44, 349
42, 697
39, 417
54,976
47, 280
42, 392
46, 978
54 092
Residual fuel oilj
do
48, 902
38 074
Consumption by type of consumer:
6,338
6,537
8,285
6,907
4 250
6 780
6 158
4 291
4 783
5 699
7 619
Electric-power plants
do
4 446
6 456
1,811
1,745
2,008
638
1,428
1,671
720
1,031
1,237
838
815
873
Railways (class I)
..
do
6,099
6,733
6,578
6,031
6 259
6 289
5 494
6 612
6,746
6 378
6 381
Vessels (bunker oil)
do
5 985
6,475
Stocks, end of month:
102, 394
119, 542
133, 381
135, 409
111 944 3 81, 044 3 70, 390 3 60, 270 3 61, 721 3 73, 581 3 86 325
126, 709
Distillate fuel oil
do
50,007
47, 474
51, 267
47,966
50, 820
47, 119
49, 370
50,516
44, 249
44, 362
47, 009
Residual fuel oil
do
50, 216
Exports:
2,386
2,143
1,460
2, 156
2,031
1,616
1,275
2 362
1 992
1 516
Distillate fuel oil
do
2 176
1,911
1,728
2 HO
1 514
1, £12
2,088
1,659
1,400
1,365
1 637
1,756
Residual fuel oil
. .do .
1 793
2 006
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
.093
.100
.093
.095
.098
.093
dol. per gaL.095
.092
.095
p . 089
.092
.097
.100
r
1.050
1.100
1.350
1.200
1.100
1.500
1.150
1.450
Residual (Okla., No. 6 fuel)
dol. per bbl_.
1.200
1.100
1. 450
p 1.000
1. 000
Kerosene:
3
3 9 177
9,940
9,945
10, 624
11 704 3 12, 086 3 11, 542 3 10 943
11, 007
9,897
39 350
9, 665
Production
. thous. of bbl
3 4 gel
3 4 537
4,945
5,982
7 802
18 229 3 18 287 3 12 682 3 12 990
11 947
9 725
3 6 893
Domestic demand J
do
35, 711
31,143
29 070 3 22, 013 3 20, 183 3 17 533 3 19, 656 3 23 892 3 28' 184
36, 271
38, 161
37, 280
Stocks end of month
do_
384
325
469
469
404
623
564
584
418
158
E xports
do
229
609
Price, wholesale, bulk lots (New York Harbor)
.110
.103
.103
.105
.108
.103
.105
.102
.105
dol. per gal. .
.107
p. 100
.102
.110
Lubricants:
4,321
4,647
4,562
4,627
4,572
4,221
4,408
4,553
Production
thous. of bbl
4,376
4 566
4 508
4,204
3,384
3,646
3,905
2,994
3 211
3 041
3,563
3 579
3 321
2,720
3 208
Domestic demand \
- do
3 189
9,684
9,879
9,726
10, 472
10, 070
9,846
9,745
10, 646
9,700
Stocks, refinery, end of month
do
10, 385
9 764
9 599
1,190
924
1,105
1,282
965
1,068
1,456
1 193
1 002
1 281
1 184
Exports
do
1 429
Price, wholesale, bright stock (midcontinent,
.205
.205
.205
.205
.190
.225
.195
.180
.190
.180
.190
f. o. b. Tulsa)
..dol. per gaL.
.180
».180
r
2
Revised.
v Preliminary. 1 Price for large domestic sizes; not comparable with data through April 1954.
Price for screenings for industrial use, to industrial consumers; not comparable with data through April 1954.
3 Beginning January 1954, jet fuel (formerly included with gasoline, kerosene, and distillate fuel oil) is excluded. Jet fuel for June 1954 (thous. bbl.):
Production—from gasoline, 2,982; from kerosene, 848; from distillate, 328; domestic demand, 4,235; stocks, 2,848.
t Revised series. Dgta represent weighted averages based on quotations in 26 cities for all sizes of bituminous coal.
c? Includes nonmarketable catalyst coke. Such production for January-June 1954 is as follows (thous. short tons): 156; 122; 139; 138; 130; 143.
{Revisions for 1952 appear on p. S-35 of the February and March 1954 issues of the SURVEY.
« Revisions for January-June 1953 (thous. short tons): Beehive coke—483; 466; 557; 525; 551; 504; oven—6,317; 5,704; 6,327; 6,060; 6,310, 6,155.
NOTE FOR STEEL CONDUIT SERIES, p. S-34. * New series. Compiled by the National Electrical Manufacturers Association from reports of 11 manufacturers representing
approximately from 70 to 80 percent of the industry. The figures comprise shipments of galvanized and black enameled rigid steel conduit and cover both the domestic and export market,
including sales from consigned stock.
SUKVEY OF CURRENT BUSINESS
S-36
September 1954
1954
1953
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
July
August
September
October
November
December
January
February
March
April
May
June
i 107 952
i 104 481
July
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products—Continued
Motor fuel:
Gasoline (including aviation):
Production totalt
thous. ofbbl
Gasoline and naphtha from crude oil?
thous. of bbl_Natural gasoline used at refineries __.do
Natural gasoline sold to jobbers^
do
Domestic demandt
do
Stocks, end of month:
Finished gasoline
.do
At refineries
do
Unfinished gasoline
do
Natural gasoline and allied products. .do
Exports
do
Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol.per gaLWholesale, regular grade (N. Y.)
do
Retail, service stations, 50 cities
do
Aviation gasoline:
Production, total
thous. of bbl_.
lOO-octine and above
do
Stocks total
do
1 OO'Octane and above
do
Asphalt:©
Production
- --__
___do
Stocks refinery, end of month
do
Wax:O
Production
do
Stocks refinery, end of month
do
Asphalt nrodncts, shipments:
Asphalt roofine, total
thous. of squares .
Roll roofing and cap sheet:
Smooth-surfaced «
do
Mineral-surfaced
do
Shingles all types
do
Asphalt sidings
do
Saturated felts d"
- -short tons..
114,123
114, 321
107, 729
109 061
108 623
112 473
i 106 373
101,563
9,511
3,049
112, 960
101, 833
9,502
2,986
109, 124
95, 644
9,991
2,094
106, 158
96, 166
10, 380
2,515
106 037
95, 722
10,145
2,756
99 210
99, 525
9 873
3,075
100 225
i 94, 336
9, 633
2,404
i 89 852
1
97 330
i 85, 244
8,987
3,099
1
86 206
1 104 612 i 102 120
1
91, 851 * 90 074
8 861
9,240
3,521
3,185
1 101 549 1 103 866
1
1
i 95, 241 i 91, 956
9,441
P,423
3,270
3, 102
1
104 418 i 113 037
135, 724
75, 545
8,192
11,253
2,762
137,972
77, 262
8,078
11, 959
2,509
136, 192
76, 698
7,992
12, 636
3,013
136, 398
74, 930
8,097
13, 193
2,018
142, 472
78, 021
8,275
12, 223
2 560
.114
.142
.222
.114
.142
.220
.114
.142
.220
.114
.142
.218
.113
.142
.221
.111
.141
.220
.111
.137
.218
.108
.135
.216
.108
.135
.216
7,793
6,568
9,516
5,253
8, 153
7,013
9,941
5,700
7,894
6 655
10, 099
5 640
7,337
5 994
10 678
5 965
7,074
6 120
10, 162
5 856
7,676
6 230
10 172
5 498
7,245
6 156
10, 773
5 759
6,991
5 580
11,099
5,380
7,359
6 220
11 486
5 719
7
5
11
5
209
808
6°59
58
7, 567
6 569
12' 400
Q 632
7,990
7 1^7
10 637
5 301
8,243
8,429
8,366
7,094
7,689
5,709
7,081
5,541
5,181
6,244
3 888
7,314
3, 447
8,370
3,956
9,589
4 895
10, 970
5 392
11 530
6 888
11 383
7 775
9 579
398
503
397
624
420
510
436
530
434
558
420
538
442
598
420
619
478
644
434
612
474
663
409
609
5,590
6,412
5,939
5,811
4, 126
2,698
2,565
2,846
3, 824
4,923
5 374
r Q 484
1,223
1,182
3, 185
1,426
1,381
3, 605
1,278
1,373
3,289
1,259
1,394
3 158
911
573
673
637
670
8C6
843
1 146
r i 309
1 441
1 319
1,540
71, 550
76, 120
60, 241
48, 872
47, 989
94
93,417
2 175
1,005
1,011
2 907
r 1 021
1, 030
2 185
596
661
55, 760
58, 865
76 110
123
67, 690
148
81,386
158
185
138
151, 129 i 163,532 i 172, 207
86, 761 i 97, 997 1 106, 821
8,172
7,743
8 820
10, 575
10, 334
10, 428
2,083
2,348
2 411
107
89
173, 060 i 168, 301 i 168, 660
104, 344 i 99 155 i 96, 241
8 946
8 237
8 705
13, 871
11,447
12 295
1 333
2 401
1 888
116
i 156, 526
i 85 5(;9
8 878
14 998
2 822
.108
. 135
.218
.108
.135
.214
1 076
3 277
113
114
.108
.135
.216
r 4 QOQ
' 151
89 561
PULP, PAPER, AND PRINTING
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
thous. of cords (128 cu. ft.)-Consumption
do
Stocks, end of month.
do
Waste paper:
Receipts
short tons..
Consumption
do
Stocks, end of month
_
do
r
2,436
2,176
5,205
2,697
2,470
5,433
2,494
2,306
5,628
2,522
2,548
5,601
2,367
2,380
5,582
2,220
2,157
5,639
2,393
2,387
5,639
2,388
2,191
5, 835
2,292
2,473
5,672
2,000
2,371
5,288
2,035
2, 457
4,867
656, 745
633,320
480, 559
705,640
743,467
441,216
732, 704
748,809
424,945
772, 202
754, 254
442,481
682, 394
667, 762
452,079
646,134
620,455
478,791
620, 217
648,266
454, 246
628, 731
639, 813
443,016
719,354
716,052
447,363
686, 600
668,050
462,590
662, 742
672, 590
453,259
1, 350
45, 587
724,651
'1-9,220
31,3?5
190,159
97,351
1,546
68,163
844,347
192, 556
37, 544
205,005
92,031
1,434
64,270
775,930
183,200
35, 531
186,093
89,092
1,573
51.716
868,864
204, 710
38, 485
202, 922
96,853
1,504
63.116
830, 754
191,913
35, 442
189, 442
91, 576
1,337
45,016
720, 957
184,693
34, 343
191, 255
82, 766
1,487
59,370
808,709
201, 593
38,590
201,614
82, 246
1,362
61,837
735, 303
182, 715
35,213
185, 446
76,057
1,541
63,338
832,420
210,086
40,182
209,157
1,484
56,702
792,919
199,339
37,841
200,064
96,615
' 1, 562
1, 574
60, 742 r 64,784
854,198 £4l,9€9
204, 781 '200.217
39,831
40,123
202, 487 '202,646
108, 715
107,026
154,215
36, 725
38, 319
1,582
32, 525
163,100
42, 459
37,636
1,874
31,204
153,880
40,615
28,206
2,677
27, 555
145, 601
43,100
28,028
3,208
25,849
156, 634
43, 766
29, 492
3,298
25, 980
148, 629
41, 252
32, 808
2,957
27,298
155,081
42,188
33,457
3,754
28,436
159,946
44,248
32, 363
3,657
29,056
164,003
44,329
33,262
3,608
29,494
161, 745
43,819
33,020
3,388
29,965
178. 010
52,093
37, 351
4,373
30,851
'r 188,6F-7
53,150
r
41,138
4,873
28,707
13, 285
160,774
23,848
63,381
48,628
2,499
21,853
9,236
186,924
22, 303
79. 701
62,304
2,594
19,380
11,712
179,473
22, 911
68,156
60, 714
3.259
23,417
17,958
183,914
24,125
68,156
57,870
3, 726
26, 765
17,162
174,942
23, 603
62, 278
60, 768
3,328
23,086
28,965
177,164
17,232
76, 627
57.990
3,297
20,862
14,291
144,406
16,210
60, 617
46,507
3,048
19,675
171,833
18,302
73,943
54,757
2,912
21,309
26,896
178,770
20,451
76.531
57, 522
3,502
19, 301
24,229
152,845
22, 309
66,210
45, 513
2, 555
15,866
34, 328
150,868
17, 823
63,660
47,105
3,287
18, 710
30, 680
192 698
21, 413
89,151
60,188
3,585
17,043
2,238
1,078
1,030
130
••2,272
1,094
r
1,045
'133
2,308
' 2, 475
' 4,699
692,151
69f>. 500
447,988
WOOD PULP
Production:
Total, all grades
thous. of short tonsDissolving and special alpha
short tons.
Sulphate (paper grades)
do.-.
Sulphite (paper grades)
-.do.-.
Soda
-do...
Ground wood
do—
Defibrated, exploded, etc..
do...
Stocks, own pulp at pulp mills, end of month:
Total, all grades
short tons.
Sulphate (paper grades)
do._Sulphite (paper grades)
do...
Soda
do-_Groundwood.
.do..Exports, all grades, total.
Imports, all grades, total d*
Dissolving and special alpha
Sulphatecf
Sulphite (paper grades)
,
Soda.
Groundwood
-
...do--.
do...
do...
do._do.-.
do-_do.--
r
r
PAPER AND PAPER PRODUCTS
All paper and paper board mills:
Paper and paperboard production, total
2,298
2,225
2,409
2,023
2,186
thous. of short tons._
2,042
2,164
2,043
2,303
2,186
1,082
981
1,065
1,012
1,158
1,046
Paper (inch building paper)
do
1,066
1,074
1,014
1,136
1,053
941
1,134
1,100
916
996
1,031
Paperboard
do_
1,041
923
986
107
95
120
117
116
101
109
Building board
do.
106
126
126
3
' Revised.
» Preliminary.
* See note " " onp. S-35.
^Revisions for 1952 (old basis) appear on p. S-36 of the February 1954 SURVEY; revisions for 1952 (comparable with data for 1953) will be shown later
OAsphalt—5.5 bbl. = l short ton; wax—1 bbl.=2801b.
d* Revisions for 1951 for saturated felts and 1952 for wood-pulp imports will be shown later
f
P. 106
». 135
.214
5 251
978
1 110
3 162
115
69, 904
SURVEY OF CURRENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-37
1954
1953
July
August
September
October
November
December
January
February
March
April
May
June
July
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) :J
Orders, new
short tons..
Prodnction
Shipments
Stocks end of month
\ Fine paper:
Orders unfilled end of month
Production
Shipments
Stocks end of month
Printing paper:
Orders
new
Ordnrs unfilled end of month
P r/ ~du('tion
do
do
do
852, 229
679,219
785, 661
795,157
392, 543
861,
67C,
868,
867,
395,
210
616
688
756
664
871, 848
695, 869
854, 827
848, 200
396, 041
917, 863
654, 898
936,711
937. 805
391, 840
801, 866
617, 679
857, 709
847, 182
401,608
818, 131
589, 958
838, 559
834, 170
406, 868
875, 002
584, 558
883, 841
884, 315
394, 618
800, 817
561 091
832. 975
817, 427
406, 158
939, 598
592, 116
927, 526
916, 598
412, 529
843, 494
547, 633
874, 583
878, 354
410, 021
842,664
533, 513
866, 691
858, 753
417, 883
856, 000
541, 595
851, 000
849, 000
421, 348
do
do
do
do
110, 098
78, 603
91,846
93, 699
90, 330
104, 843
72. 745
108, 168
108, 020
86, 504
100, 159
69,503
108, 598
105, 535
91, 638
109, 887
59, 259
115.846
116,817
86, 660
95, 228
52, 406
106, 106
100,050
92, 554
96, 009
49, 334
104, 122
100, 360
99, 271
102, 345
56, 967
103, 041
106. 930
92, 357
100. 984
58. 725
102, 297
101.9^7
93 035
114,482
57, 995
115,847
110,927
95, 555
108, 483
57, 500
111, 501
109, 879
97, 819
108, 088
56, 195
110,232
107, 486
99, 229
109, 000
55, 000
111,000
110, 000
100, 000
310, 681
340, 284
280, 905
282,611
150,218
280, 988
313,732
308, 446
301, 142
157, 512
314, 921
344, 560
294, 782
292, 487
159, 694
311.553
317, 830
321.420
315.040
164, 379
274, 906
312,937
296, 073
299,811
160, 641
302, 577
31 1, 864
289, 628
290, 655
159, 614
298, 488
291,065
306. 062
304, 212
161, 460
265, 291
268, 590
283 994
279, 074
166,420
342, 798
994, 710
322, 18S
3?3 037
165,570
279, 943
258, 238
303, 684
311,678
157,576
288, 055
249, 500
298, 138
300, 216
155, 498
29S, 000
260, 000
285, 000
28fi, 000
151,498
- do
do
____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
- 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:
Consumption by publishers
do
Production
- do
Shipments from mills
do
Stocks, end of month:
At mills
-do
At publishers
do
In transit to publishers
do _
Imports
do
Price, rolls, contract, delivered to principal
ports
dol. per short ton._
Paperboard (National Paperboard Association) :
Orders, new
short tons..
Orders unfilled end of month
do
Production, total
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipmentst
mil sq.ft. surface area
Folding paper boxes, valuo:
New orders
1947-49=100__
13.80
13.80
13.80
13.80
13.80
13.80
13.80
13.80
13.80
13.80
13.80
13.80
270, 964
140, 651
256, 249
257,445
74, 160
308, 039
168, 164
286, 756
287, 776
77, 120
288, 155
166, 131
283, 163
280, 828
75, 060
313, 043
167, 392
313.984
317, 495
75, 423
268, 476
149,353
290,817
284, 222
81, 453
260, 943
121, 145
279,291
281,243
76, 356
293, 628
126.855
297, 093
290,916
85,460
272. 37*
127, 052
278, 203
271, 865
86, 525
296. 475
124,010
302 944
297, 929
88, 295
276, 22f.
117,975
276, 575
277, 423
85, 870
273, 217
11?, 185
283, 606
278, 859
91, 916
277, 000
111,000
283, 000
27o, 000
93, 000
491, 254
494, 212
169, 702
484, 507
498, 506
155, 703
467, 431
482, 598
140, 536
510, 772
506, 544
144, 764
473, 176
491,450
126, 490
473, 325
488, 571
111, 244
476,151
452, 470
134, 925
457, 927
437. 780
155, 072
515, 482
481,487
189, 067
500, 199
503, 292
185,974
497,221
497,561
185, 634
490, 726
523, 966
152, 394
503, 979
481, 686
174, 687
340, 044
88, 121
90, 755
359,133
90, 824
92, 295
385, 386
85, 966
85, 824
429, 509
97,112
96, 288
427, 904
92, 385
90, 847
388, 237
89, 656
90, 240
363, 057
96, 284
95, 132
345, 642
88. 197
86, 219
400,311
98,115
100, 585
414, 877
89, 839
88, 968
422,157
96,670
98,716
334, 444
96, 564
96, 148
338, 471
96, 324
96, 597
7, 577
514, 320
81,719
404, 365
6,106
539, 622
91,010
436, 879
6,248
548, 537
77, 414
402, 053
7,072
514, 419
80, 803
437, 867
8,610
464, 899
87, 468
412, 584
8, 026
477, 800
73, 969
448, 251
9,178
470, 536
88, 739
356, 455
11,156
488, 503
96, 457
391, 503
8,636
495, 871
85, 178
454, 297
9, 557
484, 226
81, 181
399, 824
7,511
446, 739
72 300
410,631
7,927
453, 407
80 566
438, 833
7,654
481 612
71 036
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
P 125. 75
973,300 1,105,200 1, 139, 300 1, 078, 600 1, 021, 400 1,011,200
482, 400
525, 400
392, 400
537, 900
385, 700
423, 700
939, 700 1, 122, 400 1, 069, 600 1, 170, 700 1, 051, 000
992, 200
98
79
94
81
97
94
885, 400
330, 800
939, 700
921, 700 1, 140, 400
997, 400 1,086,600 1, 033, 000
321, 000
424 900
369 100
364 200
359 800
926, 800 1,064,400 1,014,600 1,056,500 1, 054, 600
89
P 13. 80
89
90
88
90
89
964, 300
390 300
916, 761
75
6,541
7,152
7,518
7,382
6,730
6,356
5,815
5,966
7 153
6 952
6 714
6 785
6 250
162.6
r 1
145. 5
176.9
160. 1
160.5
171. 1
172.7
179. 7
149.5
r
154. 6
156. 4
155. 8
174.0
161.9
182.3
166.0
214.7
183 0
198.6
180 2
164 ,r>
163 2
203 1
177 9
173 7
158 1
1,323
1,132
1,079
974
789
185
826
650
176
878
707
171
1 102
1 101
894
207
1 3*H
1 101
290
781
644
137
923
714
209
46, 897
115 228
42, 645
53 709
112 829
47, 721
51 451
106 564
49, 855
51 398
104 377
55,' 983
r 54 253
104 541
66 698
37 6^0
109 869
r
T
T
T
PRINTING
Book publication, total
__ number of editions..
736
568
168
1,014
800
214
844
738
106
867
212
191
855
247
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tons..
Stocks end of month
do
Imports, including latex and guayulej
-do
Price, wholesale, smoked sheets (New York)
dol. perlb..
Chemical (synthetic):
Production
4 ..long tons..
Consumption _
_
_
do
Stocks, end of month
do
Exports
do
Reclaimed rubber:
Production . .
do
Consumption
do
Stocks, end of month
_ _
do
43, 929
118,825
54,661
43, 732
119, 332
44, 156
45, 225
121, 618
58, 625
46, 744
114, 191
46, 729
43,251
112 677
49, 743
42, 400
112,316
45, 947
46, 960
112 679
47, 140
.239
.234
.235
.200
.209
.204
.200
79,360
61,299
159,486
1,923
68. 299
59, 241
169, 152
1,996
60, 677
58, 652
167, 625
2,244
57, 170
58, 515
166, 724
1,712
57, 221
52 670
166 523
2 359
59, 373
50, 902
175 845
2 688
57, 299
50 173
180 839
1 397
53, 356
49 060
183 405
2 103
23, 001
23, 414
31,506
22, 532
22, 666
30, 318
23, 360
22, 409
30, 147
23, 534
21, 944
30 692
21,191
19 638
31 228
21, 208
18 858
32 319
19, 960
19 114
31 865
21 000
19 461
32 393
23 305
22 882
32 148
21 628
21 883
31 359
21 184
20 536
thousands
do
do
do.
do
.... do
do..
8,153
9 554
3, 615
5,794
145
14,883
137
7,398
8 797
3 129
5,524
144
13, 550
142
7 131
7 423
2 837
4,439
148
13 280
158
7 666
7 565
3 152
4 241
172
13 446
137
567
081
218
728
135
14 854
'l32
482
663
617
902
143
15 706
137
2°>9
002
891
993
118
14 977
106
7 042
6 308
2 634
3 557
117
15 709
119
7 981
7 K9Q
O fkAK
7 Qfi*i
o qiQ
16 077
' 80
do.
do
do
do._
6,391
7,294
12, 097
65
5,675
6,523
10 226
57
5 652
5,714
11 845
99
5 758
5 956
10 904
75
4 742
4 003
11 611
70
4 537
4 622
11 874
68
5 395
6 834
10 107
50
5 896
5 617
10 448
61
6 399
6 013
10 869
' 49
.206
.203
55
56
184
2
835
060
284
923
.214
47
53
174
2
581
654
983
358
.213
46
52
167
2
r
.231
.244
554
45 954
628 r 57 195
583 r 157 172
759
2 nqo
46 964
41 394
163 219
T 22 207
r 29 3*?!
r 30 845
17 863
16 214
31 910
q-i -ine
TIRES AND TUBES
Pneumatic casings- cf
Production.
..
Shipments, total
Original equipment
.
Replacement equipment
Export
Stocks, end of month
Exports..
Inner tubes: cf
Production
Shipments
Stocks, end of month
Exports ..
_
6
5
2
2
6
5
2
2
6
7
2
3
q -icq
4 350
o o/jQ
-iqi
3
4 935
q AOfJ
C 1 1K
' 17R
181
15 906
178
I K Rf\A
6
0fifi
6 001
U 9qA
89
193
a qcn
9,079
0 00.4
9 789
c 040
19 OAC\
•I Prj
e OA'J
6 002
(• f>q-i
104
fift
n
fi OAe
i 7ft
r
Revised.
» Preliminary.
* Revisions for January-June 1953 (1947-49=100): 149.7; 139.9; 160.4; 155.1; 154.4; 157.3.
^Revisions for 1947-April 1953 for paper will be shown later; data prior to 1947 for unfilled orders and stocks of paper are on a different basis from revised figures, hence not comp-irable
Revisions for January 1952-February 1953 for shipping containers and for various months in 1952 for rubber imports appear in the May 1954 SURVEY.
cPData for production, shipments, and stocks have been revised beginning January 1953. Revisions prior to June 1953 are available upon request.
SUEVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1954
1954
1953
July
August
Septem-
October
November
December
January
February
March
April
May
June
July
179, 124
163, 553
162,256
177, 518
142, 262
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments . reams . . 172, 177
160, 350
186, 236
202, 356
167, 782
187, 434
166, 452
158, 773
24, 134
100
26, 480
19, 204
7,829
24, 289
101
27, 092
16,445
6,652
23, 795
102
27, 433
12, 859
5,001
24, 738
103
27, 556
10, 049
4,109
22, 529
97
19, 494
13, 083
4,022
20, 243
84
14, 130
19, 231
5,349
17, 769
74
11, 143
25, 869
8,240
16, 895
78
15, 202
27, 562
10, 091
529, 116
546, 014
533, 992
523, 507
538, 515
559, 519
545, 504
553, 979
496, 810
474, 163
456, 985
380, 495
377, 536
294 766
376, 203
382, 387
PORTLAND CEMENT
Production
Percent o f capacity
Shipments
Stocks finished end of month
Stocks, clinker, end of month
thous. ofbbL.
thous. of bbL.
-- do
do
' 20, 097 ' 21, 730
93
84
' 18, 751 rT 23, 589
r 28 905
27 045
11, 681
11,925
23, 279
97
24, 911
25, 412
10, 392
r
22, 802
97
28, 632
19, 609
' 8, 585
25, 467
103
27,628
17,448
7,139
CLAY PRODUCTS
Brick, unglazed:
Productiont
thous. of standard brick..
Shipmentst
do
Price, wholesale, common, composite, f. o. b.
plant
dol. pei thous .Clay sewer pipe, vitrified :t
Production
short tons..
Shipments
_
_
.
do
Structural tile, unglazed :J
Production
..do
Shipments
do
473, 662
460 448
514, 238 rr 522 589
532, 442
527 964
554, 413
588 209
27. 957
27. 957
28. 100
28. 100
28. 147
28. 147
28. 033
28. 033
28. 033
28. 151
28. 151
28. 151
137, 889
145, 608
140, 372
148, 249
146, 314
148, 030
145, 718
154, 689
136, 317
124, 789
132, 725
95, 623
118,054
84, 965
123, 951
100, 596
145 251
129, 280
138, 364
143, 050
136, 696
139, 563
151, 249
150, 497
86, 223
84, 583
85, 193
77, 760
84, 430
76, 829
87, 313
83, 163
83, 608
74, 672
76, 844
62, 907
67, 871
55, 146
72, 370
64, 521
81, 025
77 972
83, 211
80, 703
83, 272
81, 331
86, 670
83, 562
10, 068
10, 268
12, 058
11,114
10, 720
11, 045
11,616
10, 713
10. 094
9,298
9,328
9,765
10,009
8,820
9,748
8,455
11, 200
11, 923
10, 751
9,291
11, 548
10, 839
11,219
10, 958
10, 810
9,878
v 28. 198
GLASS PRODUCTS
Glass containers:
Production
thous. of gross..
Shipments, domestic, total
do
General-use food:
Narrow-neck food
- - do- Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars) --thous. of gross. _
Beverage (returnable and nonreturnable)
thous. of gross ..
Beer bottles
do
Liquor and wine
do
Medicinal and toilet
- - - do
Chemical, household and industrial
do
Dairy products
do
Stocks, end of month
do
Other glassware, machine-made:
Tumblers:
Production
thous. of dozens..
Shipments
do
Stocks
do
Table, kitchen, and householdware, shipments
thous. of dozens..
849
1 122
1,698
1 063
758
749
805
779
1 364
1 145
1 365
1 037
925
2,773
3,401
2,992
3,017
2,582
2,649
2,842
2,593
3,392
2,519
2,869
2,803
2,948
1,128
1 441
940
2 047
848
242
10, 881
717
1 319
945
2 319
989
302
11,249
440
1,142
1,147
2,332
959
335
10, 762
512
940
1,497
2 416
958
310
11,233
704
573
1 366
2 296
746
273
11 633
1,139
727
1,019
2 305
744
433
10, 932
346
514
937
2 262
878
234
11,520
350
549
913
2 175
930
166
12, 563
600
916
1 358
3 013
1,096
184
11 991
776
817
923
1 985
933
193
13 099
1,003
1 168
1 051
2 255
932
196
13 745
1,268
1 234
1 033
2 398
'971
214
13, 708
912
1 133
856
2 039
848
217
14 329
3,861
4,931
9,953
5,705
5,389
10, 107
4,810
4,785
10, 075
5,450
5,716
10, 267
4,635
3 986
10 716
4,124
3,914
10, 184
5,180
4 399
10, 356
5,355
5,064
9,980
6 067
5 654
10 272
6 075
6 152
9 852
5 651
6 225
9 297
4,963
5,399
8,850
2,739
3,252
3,793
3,725
3,015
2,444
2,750
3,122
3,802
3,148
2,987
2,827
12, 628
10, 844
12, 215
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous. of short tons. .
Production
do
Calcined, production, quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined
short tons . Calcined:
For building uses:
Base-coat plasters
do
Keene's cement
do
Ah other building plasters
..do
Lath
thous. of sq. ft..
Tile
do
Wallboardd1
do
Industrial plasters
short tons..
1,190
2,198
1,867
737
2,139
1,789
507
1,854
1,690
680, 235
692, 165
547, 398
473, 536
12, 081
231, 835
660, 025
7,301
908, 056
59, 866
409, 354
10 588
219, 538
602, 035
7 437
952, 870
61, 008
372, 016
10,909
193, 391
517, 846
6 710
935, 205
64, 018
TEXTILE PRODUCTS
CLOTHING
Hosiery, shipments
thous. of dozen pairs. .
Men's apparel, cuttings:* 1
Tailored garments:
Suits
.thous. of units
Overcoats and topcoats
do
Trousers (separate), dress and sport- ..do .
Shirts (woven fabrics) , dress and sport
thous. ofdoz..
Work clothing:
Dungarees and waistband overalls
do
Shirts
... .
..do .
12,031
1
1
1
14, 105
14, 983
15, 117
1, 285
^456
3, 370
1 713
652
3,829
1 511
562
3,725
1
1, 493
1,462
1,590
1
J
376
J
357
371
419
396
394
1
13, 555
11,924
12, 675
2
1,891
1
576
4, 482
1 566
347
3 682
J
1, 805
1,491
1
J
440
278
336
1
l 834
i 285
3, 852
1, 526
1 934
1 339
2
2
13, 126
14, 274
10, 724
1 840
2 256
4 512
1 732
1 1 sin
i 295
1 412
1 524
l i RQH
1 Klfi
OOfk
4 848
i 5 520
4 800
4 464
i 4 440
o ion
1, 520
1,668
1
1, 850
1,692
1,476
1
1, 430
1,184
i 355
i 445
384
360
340
356
J _
1 ooc
98ft
97ft
2
256
2
372
276
348
392
320
392
944
Women's, misses', juniors' outerwear, cuttings
(quarterly through 1953):*
6,508
Coats
thous .of units
2 2 200
5 711
2 442
3 187
1 542
771
2,217
1 a K77
2 19 332
53, 331
Dresses
do _ _
53, 358
91 noi
20 356
26 870
26 720
24 465
2
2,941
Suits
-do
2,987
1 774
1 639
747
475
1
843
2
3,068
Waists, blouses, and shirts
thous. ofdoz..
3.071
1. 152
1.249
1.432
1.189
1 03fi
i i *n
1 H7Q
T
2
Revised.
» Preliminary.
i Data cover a 5-week period,
See note marked "*" for change in sample coverage beginning January 1954.
t Revisions for 1952 are shown in the August 1953 SURVEY, cf Includes laminated board (reported as component board), also sheathing and formboard. JData for July, October and
December 1953 and March and June 1954 cover 5-week periods and for other months, 4 weeks.
'
*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census. Data are estimated industry totals derived as follows: Men's apparel—estimates beginning January 1954
are based on a monthly sample survey of manufacturers, accounting for approximately 75 percent of the total 1952 production; data prior to 1954 are based on a sample covering establishments
that accounted for about 90 percent of the total 1951 cuttings of these items. Women's outerwear—based on reports from establishments classified in the women's principal outerwear industries
for the specified items; monthly data beginning January 1954 are estimated from reports of producers that account for appoximately 75 percent of total output; quarterly estimates prior to 1954
were based on reports from 2,500 establishments accounting for about 90 percent of total shipments in 1951. Cuttings for 1950 and 1951 will be shown later; data for 1952 (except men's
dungarees, etc.) are shown at bottom of p. S-38 of the December 1953 SURVEY. Cuttings of men's dungarees and waistband overalls for January-December 1952 and January 1954 anoear in the
April 1954 SURVEY.
SUEVEY OF CURRENT BUSINESS
September 1954
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
S-39
1953
July
August
September
1954
October
November
December
January
February
March
April
May
June
July
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
346
Ginnings§
thous of running bales
Crop estimate, equivalent 600-lb. bales
thous of bales
Consumption^
bales _ s 742, 064
Stocks in the United States, end of month,
5, 605
total!
- _ thous. of bales .
5,510
Domestic cotton total
-- do
259
On farms and in transit
do
3,808
Public storage and compresses
-- do
1,443
Consuming establishments
do
94
Foreign cotton total
- -- do
Exports
- -- bales.. 114, 730
8,375
Imports 9
do
31.9
Prices (farm), American upland
cents per lb__
Prices, wholesale, middling, 1 Me»", average, 10
33.4
markets
cents per lb_.
Cotton linters:f
' 3104
Consumption
thous. of bales..
349
Production
- - --do
r
1, 082
Stocks end of month
do
1,166
5, 542
725, 849
702, 425
19, 284
19, 204
14, 329
3,682
1,193
84
193, 304
9,130
32.8
10, 769
3
14 279
a
1 6()4
757, 152
678, 827
684, 367
17, 808
17, 733
5,002
11, 186
1,545
75
242, 848
8, 510
31.8
16, 690
16 625
3, 056
11 925
1,644
65
375, 035
11,070
30.7
15, 733
15 672
1,913
12 058
1,701
61
296, 651
6,503
30.1
14, 682
14 619
1,369
11 462
1, 788
63
385 420
12, 866
30.4
13 498
13 433
1,169
10 495
1^769
66
429 659
16, 258
31.1
12 280
12 205
824
9 698
1,683
75
417 713
24 163
31.6
11 263
11 182
734
8 907
1, 541
81
336 120
11,679
32.2
10 224
10 147
641
8 150
1, 356
77
434 934
8 177
32.3
9 576
q 500
255
8 071
1,174
76
32.7
32.6
33.2
34 0
34 2
34 2
34 4
34 2
34 4
111
240
1,297
'111
221
1,376
113
222
1,428
95
197
1 457
399
189
1 542
105
150
1 590
108
115
1 637
113
3 84
1 58()
2,481
44, 578 "~"64,~206"
3 988
6 242
47, 243"
4 730
* 2, 431
49, 818
4 202
684, 990
19, 800
19, 720
12, 650
5,815
1,254
80
199, 809
20, 209
33.1
18, 723
18, 640
7,810
9,368
1,462
83
217, 307
7,776
32.5
33.0
32.8
32.7
121
60
986
122
172
1,081
124
247
1,177
2
i 16 119
16 317
2 i(5 46^
3
845 036
872, 128
3
8
14 279
3
3
3
660 209
645 875
3
781 767
4 11 832
542 577
32.2
3
%
64
1 546
COTTON MANUFACTURES
Cotton cloth:
Cotton broad -woven goods over 12 inches in width,
production, quarterly d"
mil. of linear yards..
Exports
thous. of sq. yd_. "" "47,159" ""~45,"355"
4,594
4,399
Im ports 9
do
Prices, wholesale:
32.56
32.97
Mill margins
.
cents per lb__
38.2
38.2
Denim, 28-inch
_
cents per yd..
18.3
18.3
Print cloth 39-inch, 68 x 72
do
18.0
18.0
Sheeting, in gray, 40-inch, 48 x 44-48
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
.670
.660
20/2, carded, weaving
dol. perlb..
.972
.978
36/2 combed knitting
~ do ..
Spindle activity (cotton system spindles):!
Active spindles, last working day, total... thous..
Consuming 100 percent cotton
__ do
Spindle hours operated, all fibers, total.mil. of hr__
Average per working dav
do
Consuming 100 percent cotton
do
Operations as percent of capacity
-
3
2,424
54,916
6,267
6
~47,~ 444 """46," 093"
4,651
7,193
2, 558
49, 493 ~~~45~566~ ""56," 457"
6 306
4,777
4 649
32.74
37.2
17.9
18.0
31.44
36.9
17.5
17.8
29.59
36.9
16. 5
17.5
29.13
34.9
15.9
17.5
28.56
34.9
16.0
17.3
27.18
34 9
15 8
16.8
26.84
34 9
15 4
16.8
26.75
34 9
15 4
16.5
26.28
34 9
15 3
16.3
26.50
34 9
15 4
16.3
26.48
P 34 7
v
15 8
P 16. 3
.655
.964
.643
.955
.636
.939
.630
927
.625
921
.630
921
.632
921
.630
921
.627
Q17
'-.633
921
P. 635
v Q17
20, 872
19 626
11, 454
458
3
10, 799
3
125 3
20, 715
19 457
8,991
457
8,475
125 3
20, 627
19 325
8*932
447
8,366
122 6
20, 646
19 332
3 10, 939
447
3 10, 216
3 122 8
20, 606
21, 344
20,007
10, 126
405
3
9, 484
3
110. 9
21, 391
20, 063
9,857
493
9,279
134.8
21,322
20, 039
9,582
491
9,044
133.9
21, 244
19, 953
3 11, 853
479
311,192
3
130. 6
21, 252
19, 990
9,232
474
8,719
129 1
20, 933
19, 695
3 10, 246
436
39,683
3
118 8
20, 897
19 652
9,145
457
8, 631
124.7
20, 888
19 656
9,231
469
8,697
128 1
78.8
27.0
72.0
23.8
63.6
22.8
64.6
26.0
62.9
25.5
53 9
21.9
55.9
24.3
55 5
24 1
60 8
29 2
60 5
28 9
58 4
32 1
r 57 8
59.6
32.9
7,557
65.1
37.0
5,733
72.1
35.8
3, 355
74.3
34.0
2,006
71.3
29.9
2,277
77.2
32.7
1,775
78.6
33 1
1,215
75 9
30 9
1 691
75 4
28 3
2 264
69 8
28 3
3 509
68 5
27 9
2 178
r (57 0
r 28 0
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
336
.780
336
.780
336
.780
336
. 780
336
.780
336
3
f)oa
-i A
7,066
079
6,578
1O9 A.
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
. mil. of lb_.
Staple (incl tow)
do
Stocks, producers', end of month:
Filament yarn
do
Staple (incl tow)
do
Imports
...thous. oflb..
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping point
dol. per lb._
Staple viscose l/^ denier
do
Rayon and acetate broad-woven goods, production,
quarterly d*
thous. of linear yards. .
469, 215
6422, 167
390 590
35 7
=0
1
00
-I
7O "^
9ft Q
3 106
J-.780
i>3(58 000
SILK
Silk, raw:
Imports _ -.
thous. of lb__
Price, wholesale, white, Japanese, 20/22 denier,
87% (AA), f. o. b. warehouse
dol. perlb..
698
814
643
695
414
521
465
449
366
1 051
67 1
843
5.21
5.20
5.18
5.23
5.27
5.43
5.58
5.39
5.23
5.07
5. 03
4. 53
"4.55
WOOL
Consumption, mill (clean basis) :!t
3
3
32, 630
30, 596
Apparel class _ _
thous. of Ib
28, 332
29 930
18 868
399 590
3 24 520
19 737
18 653
21 735
23 040
3
3
3
3 11 738
7, 450
10, 708
Carpet class-_do
9,032
10, 012
11, 790
9 840
10 685
9' 788
3 Q 9ftfi
9 237
8 319
19, 169
30, 622
Imports, clean content 9
do
20, 774
22, 761
16, 322
12,889
17, 135
14 277
17 823
22 051
19 868
21 603
13, 463
10, 780
Apparel class (dutiable), clean content*
do
13, 267
11,237
8,094
8,182
9, 355
7,154
10, 576
12' 385
10' 753
10 458
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. perlb..
1.725
1.725
1.725
1.725
1.725
1.725
1.725
1.725
1.675
1
.
688
1.
731
1.767
1.756
1.189
Bright fleece 56s-58s, clean basis
do.
1.174
1 200
1 200
1 204
1 205
1 905
1 196
1 122
1 160
1. 166
Australian, 64s, 70s, good topmaking, clean basis,
6
8
8
8
8
3
8
5
1.778
5
1. 780
1. 780
in bond
dol. perlb..
1. 780
1. 780
1. 779
1. 775
51.775
1. 725
1. 725
1. 725
1. 725
1 . 725
r
1
2
3
4
5
» Preliminary.
Revised.
Ginnings to Jan. 16.
TotalJ ginnings of 1953 crop.
Data cover a 5-week period.
September 1 estimate of 1954 crop.
6
Nominal price.
Data cover a 14-week period; other data are for 13 weeks.
Ginnings to September 1.
§Total ginnings to end of month indicated.
!Data for July, October, and December 1953 and March and June 1954 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period
9 Revisions for 1952 appear in corresponding note in April 1954 SURVEY.
*New series. Imports of wool are compiled by the U, S. Department oj Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class; data prior to April 1952 will be
JRevisions for 1952are shown in the August1953 SURVEY.
cfRe visions for broad-woven goods for first and second quarters of 1952 are shown in the October 1953 SURVEY.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through
1952 and descriptive notes are shown in the
1953 Statistical Supplement to the Survey
September 1954
1954
1953
July
August
September
October ! November
December
January
February
March
April
May
June
July
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system, wholesale price
dol. perlb..
Woolen and worsted woven goods, except woven
felts:*
Production, quarterly, total... -thous. oflin. yd.- .
Apparel fabrics, total
_
__.do
Government orders
do
Other than Government orders, total... do.-..
Men'*? and boys'
- - - do
Women's and children's
.-.
do
Nonapparel fabrics total
- ... do
Rlanketins
do.
Other nonapparel fabrics
_.-,.__.__do---Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz./vd., 57"/6u"___ .1947-49=100Gabardine, 10^-12 H oz./yd., 56"/58"— .do— .
2.170
,_
113.9
105.3
2. 158
2. 122
__.
85, 959
73, 471
3.336
70, 135
29, 201
40, 934
12, 488
8 044
4,444
112.9
103. C
112.9
103. 6
2.110
2. 098
2. 098
2.073
2.037
70, 885
62 810
i 4 IIQ
58, 6S4
27 890
SO 874
i g 075
i 5 717
1
2 358
112.9
103.6
112.9
103. G
112. 9
103.6
2.025
2. 037
2.037
2. 043
» 2, 043
112.1
102.6
112.1
103. 6
112.9
103.6
112,9
103,6
309
95
316
67
293
631 769 r 5gg 562 r 593 87g
T 351
r 274
379
r 349
'251
348
507
055
4Q7
062
534 667
515 192
478 8SQ
489 n<M
96, 723
91, 226
'91,470
r 74 250
79 439
73 71°
530 416
246
190
451 663
437 028
78, 507
62 161
54, 666
47 843
535
47, 308
25 048
22 260
6 8^3
3 7°6
3 097
112.9
103.6
111.5
103.6
112.1
103.6
240
65
312
106
TRANSPORTATION EQUIPMENT
AIRCRAFT
402
154
350
138
359
92
235
146
275
137
250
105
-- -number,_._______
do
.____-_..
do
..
- do
,_____«.do
—.
do..._
_ _ . _ _ _ _ . _ . _._do-..--
7C2, 899
376
368
5C6, 901
579, 602
105, 622
92, 788
614, 655
447
407
512,730
500, 322
101,478
89,911
574, 631
348
344
476, 232
466, 654
98, 051
86,919
621, 238
519
496
528,814
516, 969
91. 955
79,541
452 987
371
288
378, 906
370,511
73, 710
64, 781
484 707
424
393
389 628
373, 666
94, 655
80, 227
_ _ _ _ _ _ _ - „ . _ _ _ - _ _ . do. ._...— — — -.do....
23, 585
13, 544
10, 041
24, 656
11, 862
12, 794
22,881
10,455
12, 426
19, 823
8,951
10, 872
23 557
10 040
12,517
21 578
10 884
10, 694
29 700
16 448
13, 252
31 433
18 195
13, 238
21 7eO
12 177
9,603
45 079
24 198
20,881
Truck trailers, production, total...— — — — .do-...
Complete trailers^
do
Vans
...
______-_— do--..
1
All otHerd
-d°- Trailer chassis
,_____...-.. -__do- —
9,201
8,883
2,538
6,345
318
9,616
9 413
2.641
6,772
203
9,809
9 612
2,294
7,318
197
8,304
8 133
2,610
5, 523
171
7, 793
7 603
2 539
5 064
193
5, 592
5 196
2 316
2 880
396
4,724
4 585
1 899
2 686
139
4, 667
4 502
1*767
2 735
*165
5,000
4 741
1 879
2 862
259
4,746
4 535
1 865
533, 783
76, 161
502, 430
76, 673
453,806
78, 319
504, 697
82,661
450 311
72 596
413 937
68 659
340 698
60 694
369 592
60 843
480 731
72 583
508 10?
? 75 332
520 °58
78, 209
7,096
4,823
4,376
2, 273
6, 001
3,718
3 574
2,283
6 666
4,305
3 675
2,361
8, 963
5,636
5 631
3,327
574
173
912
401
4 752
3 169
2 873
1 583
5 101
3 815
3 658
1 286
4 041
3 014
2 947
1 027
4 826
3 796
3 793
1*030
4 195
3 138
2 981
1 057
3 658
2 513
2. 028
1 145
822
667
37
37
780
625
42
42
759
600
34
34
715
560
46
42
736
422
44
44
712
398
27
26
686
384
29
17
690
405
40
22
636
374
59
36
572
330
64
44
541
314
41
26
1,769
1,771
1,772
1,775
1 777
1 776
1 777
1 775
1 773
1 771
1 768
7fid
1 7*V7
92
5.2
40, 119
22, 908
17,211
92
5.2
40 224
21, 497
18, 727
P4
53
37 554
20,651
16 903
90
51
33 159
15,405
17, 754
92
52
30 703
13,911
16 792
88
4 P
27 678
12, 256
15 422
91
51
23 537
9, 153
14 384
94
5 3
20 548
6,784
13 764
98
56
16 896
4,068
12 828
104
58
13 964
2, 132
11 832
112
63
116
118
1 9 IRQ
1,214
1,793
1,731
1,315
10.0
1,336
10 4
1,216
97
1,223
10 0
1, 222
10 2
1,232
10 5
1,215
10 6
1,210
10 8
1,222
o
1,n169
i
1,180
1,117
11. 1
1,081
11.0
511
405
545
628
659
571
486
521
365
300
170
124
133
61
46
48
37
C)'~
46
37
33
9fi
673
591
82
626
576
50
797
73 5
62
877
845
32
677
632
45
673
630
43
523
485
38
467
437
30
473
448
25
366
344
4L1 7
445
445
413
no
56
45
('ivil aircraft shipments
Exports9
-
number.-___---___do- —
278
92
fJ
59
116
MOTOR VEHICLES
Factory ^ales total
Coaches total
Domestic
Passenger cars total
Domestic
Trucks, total
Domestic
K xpor ts total 9
-
--
Trucks and busses 9-—-
Registrations:
New passenger cars
New commercial cars
_ _ _ _ „ _ « „ _ _ „ _ _ . _do.._~- ._.___.-___do-.-.
r 551 134 T 534,r 145 T §33 003
r
r 207
nrs
405
r
T
3^2
' 365
289
446,
676
454 562
531 V*)
425, 392
435 139
510 094
87.141
96,167
101,177
72, 468
83, 563
85 154
9 ^70
211
37 479
18 296
19, 183
4,844
4 638 1 (H4
2 704
206
30 254
14 697
15, 557
3, 686
3 465
1 858
1 607
221
5, 258
4 QS7
2 479
2 508
271
r 595 719
r g^ g5g
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 ownership. .„__ __
Orders unfilled
number
Equipment manufacturers
..___do
Railroad shops .... do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number _ _
Percent of total on line
Diesel-electric and electric: Orders, unfilled
number of power units. .
Exports of locomotives totalj
number
6
4
3
2
n
1ft Q K f i
9
1
1
1
fiQ*}
9fi3
9*}f>
4OA
9 A<%1
ARK
<jr\K
1 nofi
JTAA
enn
OCR
316
&r
Ori
1
CM
INDUSTRIAL ELECTRIC TRUCKS AND
TRACTORS
Shipments, total
Domestic
Export
.
_..-... -..number..
.. „-_... «.do.__.
do.
99
r
Revised.
* Preliminary.
» Data cover a 14-week period; other data, 13 weeks.
tRevisions for 1952 are shown in the August 1953 SURVEY.
9 Data exclude all military-type exports. Scattered monthly revisions for 1952 for motor vehicles will be shown later.
d" Revised beginning 1952 to include production ol converter doilies; data as revised are comparable with figures through 1951 shown in the 1953 issue of BUSINESS STATISTICS
foi January-September 1952 are shown in the December 1953 SURVEY.
© Excludes railroad shops except when noted.
*New series; monthly data prior to 1953 will be shown later.
§ Not including railroad-owned private refrigerator cars.
^Revised exports for May 1952, 41 locomotives.
Revisions
U. S . G O V E R N M E N T P R I N T I N G O F r ! C _ : 19S4
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and. cloth (coated)..,
,__.____.
38
Acids... — _.- —
__-_-_.. — —
24
Advertising
.
.
7, 8
Agricultural employment
—
10
Agricultural loans and foreign trade------ 15, 21, 22
Aircraft
_ _ _ _ . — _ — - 2,11,12,13,14, 40
Airline operations________ —______
22
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, wearing-_ 2, 3, 4, 5, 6, 8, 9,11,12, 14,15, 38
Asphalt and asphalt products
___ - _
36
Automobiles
2, 3, 8, 9, 11, 12, 13, 14, 16, 18, 21, 40
Bakery products
____ —— ~- 2, 11, 12, 13
Balance of payments
-_-_.,—.—.__-_20
Banking
,
___.
_ _ _ _ — — — _ 15,16
Barley
._.-.
„- — ~
——28
Barrels and drums
.
.-.—,______ — 32
Battery shipments
,__-__.— _ _ _ _ _ _ _ _ _
34
Peef and veal
___________--__- ——
29
Eeveiages
_ _ _ _ _ _ _ _ _ _ _ 2,3,4,6,8.11,12,14,27
Bituminous coal _ _ _ _ _ _ _ _ _
- - - 11, 13, 14, 15, 34, 35
^Ipsi furnaces, steel works, etc
_ ^ _ 11, 12, 13,14
Blowers and fans__
___,_,—. — _ _ _ _ _ _
34
Bonds, issues, prices, sales, y i e l d s _ _ _ _ _ _ _ _ _ _ _
19
Book publication„____,
,_____.
. _ _ . _ _ _ -.
37
Braas_
,_
.
__.- —
-.__.33
]Brick
-___
,_____.
. ,
38
Brokei a* loans and balances _ _.
_ _ _ _ _ _ _ 16, 19
Building costs-,
______-.__ — ,____
1
Building and construction materials
_
7, 8, 9
Business sales and inventories
__
3
Businesses operating and business turnover- _ _
4
Butter
------27
Cans (metal), closures, crowns_ _ — - —
_33
Carloadings _ _ _ . . _ _ _ _ _ — __.—, ______
23
Cattle and calves- _ _ _ - _ _ - _
_ — -___..29
C ecnent and concrete products _ _ _ _ _
—. _
6,38
Cereals and bakery products
_ _ . . . _ _ _ _ 5, 11, 12, 14
Chain-store sales (11 stores and over only)--9
Cheese
_..._._
.____—
27
Chemicals— —
2, 3, 4, 5, 11, 12, 14, 15,18, 21, 24
Cigars and cigarettes
_____.__ - _ - - - 6, 30
Civilian employees, F e d e r a l _ _ _ _ _ _ _ _ _ _ — _ _ _ _
12
Clay products (see also Stone, clay, etc)---,. 2, 6, 38
Clothi 1% (see also Apparel)
_,
_ _..
5, 38
Coal .
. _ _ 2,3, 11,13, 14, 15,21,23,34,35
Cocoa
_
.
22,29
Coffee
. .- —
------ 22, 29
Coke
._.- —.- 23,35
Commercial and industrial failures
.
4
Communications11, 13, 14, 15, 18, 19, 20, 23
Confectionery, sales
—- - 29
Construction;
Contracts awarded
6
Costs ._
.
___-_-—_
.
7
Dwelling units.
- —.
.— 7
Employment, earnings, hours, wage rates. _
1.1,
12,13,14,15
IJVhway ~
-- - - - 6, 7, 12
New construction, dollar value
. __
6
Congunr *er credit
.
.
--_ 16
Consumer expenditures
....
1*8
1, onsumer price index_ - _ _-_
5
Copper
---- '22, 33
Copra and coconut oil
.
_
._...
25
Cora.
.-...
19, 28
Cost-of-hving index (see Consumer price
index)
,____
..,_-_.
5
Cotton, raw and manufactures _ _ _ _ _ _ _ 2, 5, 6, 21, 39
Cottonseed, cake and meal, oil
. _.—
25
Credit, short- and intermediate-term _ _ _ _
16
Crops—....---- 2, 5, 25, 27, 28, 30,39
Crude oil and natural gas»
_ _ _ _ _ _ _ __
2, 3
Cm rency in circulation. „ _
.—
18
Dairy products
5, 11, 12, 14, 27
Debits, bank,.,
_. — —
______
15
I 'ebt, United States Government _ .
__ __
17
Department stores
_ _ _ 9, 10, 16
Deposits, bank
15, 16, IS
Disputes, industrial
.. - —, _
13
Distilled spirits
.___
27
Di v id end payments and rates
1,18,20
Drug-store sales.....
__,
_
___
~~
8, 9
Dwelling units.__
_— _ _ _ - _ - - - — - _ _
7
Earnings, weekly and hourly.
__
13, 14, 15
Eggs and poultry _ .
,_
2, 5, 29
Clectric power
, __
,
., 5, 26
Electrical machinery and equipment
,
2,
3, 4, 5, 8, 11, 12, 13, 14,18, 21, 34
Employment estimates and indexes.___.-_ 10, 11. 12
Employment Service activities
,
.
13
Engineering construction
_
6
Exi et-ditures, United States Government- _ _ ,
16
Cxylosi ves
.
,_.___
,
,. , _ _
25
Exports (see also individual commodities) _ _ _ _ 20, 21
Express operations._.
____„_...._._._____
22
Failures, industrial and commercial
— _4
Farm income, marketings, and prices _ ,
_, ,
2,5
Farm wages
,__
.
,
15
Fats and oils, greases..-5, 25, 26
Federal Government finance _ _
._„__
17
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks_____
16
Fertilizers- __,_„__
.
. 5, 24
Fiber products..
34
Fire losses.- — — -__.
-__7
Fish oils and
fish
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 25, 29
Flaxseed
_______
25
Flooring
„
..__.---__-.__.____.
31
Flour, wheat
___.
_____-—
_.___
28
Pages marked S
.
....... . ___
2,
3,4,5,8,9, II, 12, 14, 18, 27, 28, 29,30
Foreclosures, real estate- _ . . _ ___
7
Foreign trade indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups _ _ . , . _
_____
. _ 21,22
Foundry equipment
__ _
. __
34
Freight carloadings23
Freight cars (equipment)_______
_ _ _ __ _
40
Freight-car surplus and shortage
,_____»»__
23
Fruits and vegetables.
__
5,21,27
Fuel oil
35
Fuels..___ _ . . . _ _ _ _ _ _ . _ . _ _ _ _ _ _ _ _ _ _ _ _ _ _ . 5,34,35
Furs
_.____.___._.________-_
_ _ _ _ ' 22
Furnaces
__.
__.
34
F u r n i t u r e . _ _ _ _ _ _ _ _ _ _ _ _ 2, 3, 5, 8, 9, 11, 12, 13, 14, 16
Gas, prices, customers, sales, r e v e n u e s _ _ . . _ _ _ _ 5, 26
Gasoline-...,
._
8, 9, 36
Glass products (see also Stone, clay, etc.)___ _ 2, 38
Generators and motors- _
34
Glycerin. __.
____.
__..
.
24
Gold
_____._-_
....
18
Grains and products.
,__„ 5,19, 21, 23, 28
Grocery stores,.
___________
9
Gross national product- _ _ .
,
1
Gypsum and products
___.
6, 38
Heating apparatus_ _ _
_ _ 6, 11,12, 13, 14, 33, 34
Hides and skins._
_ _ _ _... _.. _ _ _ _ _ _ _ 5, 22, 30
Highways and roads—.. . _ _.
.
6, 7, 12, 15
Hogs
- — _ — - _ _ — _ — _ _ _ — __
—_____'
29
Home Loan banks, loans outstanding.. _._.
.
7
Home mortgages..,... _ _ _
.
,
7
Hosiery,
......, _ _
__
38
Hotels11, 13, 14, 15,23
Hours of work per w e e k _ _ „ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 12, 13
Housefurnishings
„_
_ _ _ „ , _ „ _ _ _ _ 5,8,9
Household appliances and radios.. _ _.,
_ _ 5, 8, 9, 34
Imports (see also individual commodities)^ 20, 21, 22
Income, personal
,,.,
__
__
1
Income-tax receipts
_
__.__,
__
16
Incorporations, business, new
__ _ _ _
4
Industrial production indexes2,3
Instalment credit _ _ _ .
_ _ _ _ ...,
_.
16
Instalment sales, department stores _ _ _ _ .
._
10
Instruments and related products,.-,. 2, 11, 12, 13, 14
Insulating materials _ _ _ _
__ _.
.
34
Insurance, life
.
.__
,
17
Interest and money rates
,. . _ _ _ _
16
International transactions of the U. S — _ _ 20, 21, 22
Inventories, manufacturers' and trade- _ _ _ 3, 4, 9, 10
Iron and steel, crude and manufactures._____
2,
6,18,21,32,33
Kerosene _ „ _......, ________, .______„
35
Labor disputes, turnover
13
Labor force..- . . . . . _ . _ . .
10
Larnb aud mutton , _ _
29
L a r d . _ . _ .. ______
29
_
......
__
_ .,._ __
.....
33
Leather and products. - - 2, 3, 4, 5, 12, 14, 15, 30,31
Linseed oil _ , _ _ _ . . - , ______ ____ _ _
25
Livestock. _
.. . _ ... . ___ . 2 , 5 , 23, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer Credit)
._ _ 7, 15, 16, 17, 19
Locomotives- _ , _ _ _ .
_ __
.....
_____
_
40
Lubricants _ _ _ . _ . . . . _ . . _ - . , _
.......
35
Lumber and products
___
_ _
2,
3,5,8,9,11, 12, 13, 14, 18, 31,32
Machine activity, cotton
. . _ „ ., _
39
Machine tools.. .. .
.....
34
Machinery ._
. 2 , 3 , 4 , 5 , 1 1 , 1 2 , 1 3 , 1 4 . 1 8 , 21,34
Magazine advertising
.... _
8
Mail-order houses, sales
,
. _ _ . . ___
9, 10
Manufacturers' sales, inventories, orders _
3,4
Manufacturing production indexes- . _ _ _ _
2,3
Manufacturing production workers, employment, payrolls, hours, wages.- ._ 11, 12, 13, 14, 15
Meats and meat packing.
2, 5, 11, 12, 14, 29
Medical a n d personal care
_
. _ . . _ . _
5
Metals _________ 2,3,4,6, 11, 12, 13, 14, 15, 18, 32,33
Methar_o!_ — „ _ — . . . . . _ _ .
__ ..... _ _ . _
24
Milk- _ _ _ _ _ _ ____ - ..... ____ _ _ _ . - _
27
Minerals and mining ........___________ 2, 3, 11, 13, 14, 15, 20
Monetary statistics ___ _ ...... _ _ ___ _ _ ______
18
Money orders. . _ _ . . . . . _ _ _ _ _ _ _ _ _ _ _ _ „ _ _ _ _ . _
8
Money supply ______ _____________ , _ _ _ _____
18
Mortgage loans . , _ _ _ , _ .____________._______ . 7, 1.5,16, 17
Motor carriers ___ , _ _ _ _ _ , _____ . _ ____ . _____ _ _
22
Motor fuel _ . _ _
......
_ _ _ ______ . _ . _ _ _
36
Motor vehicles _ ..
- ____ _ 3, 5, 8, 9, 18,40
Motors, electrical . _ _ _________ . _ _
. __ _
34
ISFetional income and product- ._____________ _ _
1
National parks, visitors____________._____________ _
23
Newspaper ad vertising .. ___________________________ 8
Newsprint. _ _ _ _ _ _ _ _____ - _____ _ _ .________________ _ _ 22, 37
New York Stock Exchange, selected data_____19, 20
Nonferrous metals... _ _ _ _ 2, 5, 11, 12, 13, 14, 18, 22, 33
Noninstalment credit.. „ _------_ _ .. . _ _ _ _ _ _ . _ _ _ „ _ _ _
16
Food products _
Oats______—____________________. . . . ._ --------- _ _ _ _ _ _
28
Oil burners ____ _ _ _ _ _ _ _ _____________________, ______ . _ _
33
Oils and fats, greases _ _ _ _ ._____________________5, 25, 26
Oleomargarine- --- _ _ _ ----- _ _ . _ _ _ _ . ---- --- _ _ _ _
26
Operating businesses and business turnover- _
4
Orders, new and unfilled, manufacturers'____ „
4
Paint and paint materials „._____________, _ _____ 5,26
Panama Canal traffic_______ _ _ _ _ _ _ _ _ _ _ ______.
23
Paper and p u l p _ _ _ _ _ _ 2,4,6,11,12,14,15,22,36,37
Paper and products,,____________________ _ _ _
___
2,
3, 4, 6, 11, 12, 14, 15, 18, 36, 37
Passports issued_______ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ — _ _
23
Payrolls, indexes _ _ _ _ _ _ _ _ ______ _ „ _ ^ ______ _______ 12
Personal consumption expenditures _ _ _ ______ , _
1,8
Personal income ___ _ _ _ _ ^ ^____._____, _____ ^ ^ ___ _ ____ 1
Pages marked S
Personal saving and disposable income- _ _.
1
Petroleum and products
2,
3, 4, 5, 11, 12, 13, 14, 15, 18, 21, 22, 35, 36
Pig iron__
_
_.
,.
32
Plant and equipment expenditures„___-„_.
1
Plastics and resin materials.^
.
26
Plywood..^ „„__.._„„
32
Population _ — _ _ _ _ . — _ _ _ _
10
Pork_
_„____-_-_,___„.
29
Postal savings
. ,.
16
Poultry and eggs
_ _ . _ _ _ . 2,5, 29
Prices (see also individual commodities):
Consumer price index
,______.
5
Received and paid by farmers.
5
Retail price indexes _ .
5
Wholesale price indexes
.
5,6
Printing and publishing
2, 3, 4, 11, 12, 14, 15, 37
Profits, corporation
1,18
Public utilities-., 1, 6, 11, 13, 14, 15, 17, 18, 19, 20, 26
Pullman Company
_ ___
23
Pulpwood. . _ _... _ „ _ _ ,
.______„__
36
Pumps _
.
._
,
34
Purchasing power of the dollar
, _ __
6
Radio and television.. ^, _ _
__
. _ _ 5, 7, 8, 34
Railroads, employment, wages, financial statistics, operations, equipment.
11,
12, 13, 14, 15, 17, 18, 19, 20, 22, 23, 40
Railways (local) and bus lines. _ _ _ _ _ _ _ 11, 13, 1.4, 15
Rayon and rayon manufactures
_ -, „ _ _
39
Real estate
_ _ _ 7,16,17,19
Receipts, United States Government'.
16
Recreation
_
.______,__.
.
5
Refrigerators, electrical _ _ .
.
34
Rents (housing), index
.
5
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores
_ . _ 3, 4, 8, 9, 10, 11, 13, 14, 15
Rice
„.
28
Roofing and siding, asphalt36
Rosin and turpentine..
__,„____24
Rubber, natural, synthetic, and reclaimed
tires and tubes.
__^
6,22,37
Rubber products industry, production index,
sales, inventories, employment, payrolls,
hours, earnings
2, 3, 4, 12, 14, 15
Rural s a l e s _ _ _ _ _ _ _ _ _ . . _ _ _ .
.
__
10
Rye.
—
28
Saving, p e r s o n a l _ „ _ „ _ „ „ „
,
1
Savings deposits _ .
16
Securities issued.
18, 19
Services--.-.
.
4,5,8, 11, 13, 14, 15
Sewer pipe, clay„ „ _ _ „ _ _ „ „
38
Sheep and lambs29
Ship and boat building
„.
11, 12, 13, 14
Shoes and other footwear___
8, 9, 12, 14, 15,.»!
Shortening--.., -.
.
,
.
.
_
26
Silk, imports, prices_ _ .
,
6, 39
Silver
_.
..
_.___ — .
.
18
Soybeans and soybean oil _
^ _ ,„ _ „
25
Spindle activity, cotton.
39
Steel ingots and steel manufactures (see also
Iron and steel),....,
— ._____
2,32,33
Steel scrap.........
__ _ _
3„
:
Stocks, department stores (see also Inventories),.
.__.
....
-_
10
Stocks, dividends, listings, prices, sales, yields.,
20
Stone and earth minerals.
.
_
2, 3
Stone, clay, and glass products
2,
3,1.1, 12,13, 14, 18,38
Stoves,...
.
34
Sugar _
....
22,30
Sulfur
__
. . __
-...
25
Sulfuric acid-.
24
Superphosphate...
.
_... _
24
Tea _ _ _
____
... _
30
Telephone, telegraph, cable, and radio-telegraph carriers.
_ 11, 13, 14, 15, 18, 19, 20, 23
Television
_._.,.
_ 7, 34
Textiles-__.._ 2, 3,4, 5, 11, 12, 14, 15, 18, 21,38,39,40
Tile
38
Tin. ._
. _ _ _ _ . . _ 22 .13
Tires and inner tubes
8,12,14,15,37
Tobacco.
.... 2 , 3 , 4 , 5 , 6 , 8 , 1 1 , 1 2 , 1 4 , 1 5 , 2 1 , 3 0
Tools, machine _ .
34
Tractors
....___.__
34
Trade, retail aud wholesale- 3, 4, 8, 9, 10, 11, 13, 14, 15
Transit lines, local _
.
'
22
Transportation, commodity and passenger- 5, 22, 23
Transportation, equipment
2,
3,4, 11, 12, 13, 14, 18,40
Travel
___
23
Truck trailers..__
.
4Q
Trucks
.
,
40
Turpentine and rosin_ _
__„_„_„
24
Unemployment and compensation---_
10, 1.3
United States Government bonds16, 17, 18, 19
United States Government
finance
„
16, 1 7
Utilities
1, 5, 6, 11, 13, 14, 15, 17, 18, 19, 20, _6
Vacuum cleaners
._.
34
Variety stores
.
_
___
9
Vegetable oils
.
25, 2o
Vegetables and fruits2,5, 21, 27
Vessels cleared in foreign trade
. ___.
23
Veterans' unemployment allowances.
13
Wages, factory and miscellaneous
13, 14, .15
Washers
.__.__
34
Water heaters
,._
_ _ _ _ 34
Wax_
-_
._
--_
36
Wheat and wheat
flour.
19, 28
Wholesale orice indexes.
5,6
Wholesale trade--.-„ _ _ 3,4, 10, 11, 13, 14, 15
Wood pulp
„______-_________-36
Wool and wool manufactures
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
COPO)
OFFICIAL BUSINESS
First-Class Mail
A Basic Handbook for Businessmen
B U S I N E S S STATISTICS
The 1953 Statistical Supplement
to the Survey of Current Business
Business
Statistics
1953 Edition
THE NEW VOLUME contains comprehensive descriptions and explanations of all statistical data covered in its
tables and in the monthly Survey of Carren Business, furnishing the reader with
the information essential to the proper
us of the data. Definitions of the statistical units employed, methods of collecion of data, adequacy of samples, and
names and addresses of the original compilers are among the information included. In addition, the notes direct the
reader to previous publications providing monthly data prior to 1949, and call
attention to any changes in the series
which might affect comparability.
BUSINESS STATISTICS, 1953 edilion, will hereafter be the basebook to
•which the 2,600 series regularly carried
in the 40-page Monthly Business Statistics section of the Survey of Current Business will be keyed. For each of these
series it provides monthly data from
January 1949 through December 1952,
and annual averages of monthly data
from 1935 through 1952.
UNITED STATES DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
$1.50 per copy, BUSINESS STATISTICS is now available from the nearest Department of
Commerce field office or from the Superintendent of Documents, U. S. Government Printing Office,
Washington 25, D. C.
@FedFRASER