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SEPTEMBER
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
1955
SURVEY
OF
CURRENT
BUSINESS
No. 9
SEPTEMBER 1955
D E P A R T M E N T OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
321 Post Office Bldg.
Los Angeles 15, Calif.
1031 S. Broadway
Atlanta 23, Ga.
50 Seventh St. NE.
Memphis 3, Tenn.
229 Federal Bldg.
Boston 9, Mass.
U. S. Post Office and
Courthouse Bldg.
Miami 32, Fla.
30 NE Fir9t Ave
° -
Buffalo 3, N. Y.
117 EHicott St.
PAGE
THE BUSINESS SITUATION
I
Business Capital Outlays.,
Record Expansion in Foreign Travel
*
Chicago 6, 111.
226 W. Jackson Blvd.
5
10
*
SPECIAL ARTICLE
Personal Income by States, 1929-54.
12
Consumer Expenditure-Income Patterns
23
*
*
*
MONTHLY BUSINESS 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 W E E K S ,
Secretary.
Office of Business Economics, M. J O S E P H ME EH AN,
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to Superintendent of Documents.
Cheyenne, Wyo.
307 Federal Office Bldg,
2
Second Quarter Balance of Payments
Reflects Worldwide Rise in Production
*
Charleston 4, S. C.
Are s2,
Sergeant Jasper Bldg.
Cincinnati 2, Ohio
442 U. S. Post Office
and Courthouse
Minneapolis 2, Minn.
2d Ave. South and
3d St.
New Orleans 12, La.
333 St. Charles Ave,
New York 17, N. Y.
HO E. 45th St.
Philadelphia 7, Pa.
1015 Chestnut St.
Phoenix, Ariz.
137 N. Second Ave.
Pitt8burgh 22,
Pa.
,,*,, ~. , ^
107 Sixth St.
Cleveland 14, Ohio
1100 Chester Ave.
Portland 4, Oreg.
520 SW. Morrison St.
Dallas 2, Tex.
1114 Commerce St.
Reno, Nev.
1479 Wells Ave.
Denver 2, Colo.
142 New Customhouse
Richmond 20, Va.
900 N. Lombardy St.
Detroit 26, Mich.
230 W. Fort St.
St. Louis 1, Mo.
1114 Market St.
El Paso, Tex.
Chamber o f Commerce
Bldg.
Salt Lake City 1, Utah
222 SW. Temple St.
Houston 2, Tex.
430 Lamar Ave.
San Francisco 11, Calif,
555 Battery St.
Jacksonville 1, Fla.
311 W. Monroe St.
Savannah, Ga.
125-29 Bull St.
Kansas City 6, Mo.
911 Walnut St.
Seattle 4, Wash.
909 First Ave,
For local telephone listing, consult section
devoted to U. S. Government
SEPTEMBER 1955
By the Office of Business Economics
B.
Industrial Production
INDEX, 1947-49-IOO
200
DURABLE MANUFACTURES
150
—
NONDURABLE MANUFACTURES
IOO i j I I I I I I I I I I I I I I I I I I I I i i i I I i I I I I i I I I I
250
200 -
150
BUSINESS is moving at a brisk pace and strong late summer demands are providing the basis for increased operations.
The higher demands stem essentially from the continued
unprecedented flow of income reflecting expanding employment and higher rates of pay. With many productive
facilities operating at or close to practical capacity, businessmen have been enlarging their plant and equipment investment programs. Thus, both consumer and investment
demands are contributing to the current buoyant developments. Analyses of these demands are given in subsequent
sections of this issue.
The recent advance in activity has been accompanied by
additions to business inventories, and a strengthening of
industrial prices. Inventory accumulation is continuing
but apparently not accelerating. Larger stocks are needed
to support rising production, and recent stocks-sales ratios
have remained below a year ago. Industrial prices have
increased almost 2 percent since June, following a long
period of relative stability. This development arises largely
from a tightening of supplies of some materials and increases
in some costs.
Income advance sustained
-
IOO
200
CHEMICALS B PETROLEUM PRODUCTS
150
IOO
TEXTILES AND
APPAREL
50
Mi,
1953
1954
1955
MONTHLY TOTALS, SEASONALLY ADJUSTED
DATA: FRB
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
354783°—55-
55-50-
Personal income in July aggregated $304}£ billion at
seasonally adjusted annual rate, $3 billion above June and
$18 billion above a year ago. Aside from nonrecurring
payments to Federal Government employees, nonagricultural income was $2 billion higher than in June in continuation of the steady rise under way now for over a year.
Continued strength in the flow of personal income is
indicated by a further advance of employment in August.
Employment in nonagricultural establishments increased
from July to August by a little more than the usual seasonal
amount, with trade and transportation and public utilities
showing the most pronounced gains. The number of persons employed in the commodity producing industries—
mining, manufacturing and contract construction—registered
a little less than the usual seasonal rise. In manufacturing,
changes were small and divergent except in the transportation equipment group where the approach of the automobile
model changeover resulted in an employment cutback of
approximately 4 percent.
As a result of increasing labor requirements, manpower input has risen more than employment in recent months with
more hours worked per week accounting for the difference.
From July to August, the workweek in manufacturing
lengthened as usual, with furniture, electrical machinery,
primary metals, and textiles recording exceptionally large
gains for the month.
The flow of goods and services through retail channels
continues at virtually record rates. Total retail sales in
August, on a seasonally adjusted basis, were very close to
the peak volume of $15}£ billion reached in July and about
SURVEY OF CUBKENT BUSINESS
9 percent above a year ago. Consumer buying is well
distributed among retail outlets with sales of most types of
stores appreciably above the figures recorded in 1954 or
any prior years.
The use of available credit by consumers continues to be
an important factor in current retail distribution. The
total credit of this type outstanding at the end of July set
a new high for the fifth successive month at $32.9 billion
with installment credit accounting for all of the increase.
Installment credit outstanding rose $562 million in July to
a total of $25.5 billion at the end of the month.
Commercial bank credit continues to expand in response
to strong business demands. The increase in commercial
bank loans during August was the largest for the month in
recent years; this was also true of the 18-percent rise in the
12 months ending with August. All major types of loans
have participated in the expansion of the last year—those
on real estate and securities as well as commercial, industrial,
and agricultural loans. As part of the effort to dampen
credit expansion the Federal Reserve discount rates, which
at the end of July stood at \% percent at all of the Federal
Reserve Banks, were lifted to 2}£ percent by mid-September.
Prices advance moderately
During recent weeks, prices of commodities other than
farm products and foods broke out of the narrow range in
which they had, on the average, moved during the first half
of the year and in August reached a point approximating
the peak attained after the outbreak of the Korean conflict.
Metals and metal manufactures have led the recent upturn
although most other major groups of nonfarm products
contributed to the rise, especially rubber, lumber, furniture,
pulp and paper, and nonmetallic structural mineral products.
Production volume large
Industrial production was sustained in record volume during August. Differential movements of the major series are
depicted in the chart. Despite the currently smaller output
of military hard goods, durable goods production is above
the record rate reached 2 years ago. Production of nondurable goods showed little change during the summer months,
holding at a rate well above that of last summer.
The inflow of new orders received by manufacturers continues to run ahead of shipments, so that backlogs of unfilled
orders have increased further. At the end of July, unfilled
orders amounted to nearly $51 billion, a rise of $1.5 billion
during the month and $2 billion in the past year.
Although the output of most business segments is at or
close to the highest recorded volume, the rates of advance
in most cases are currently less than those earlier in the recovery period. Some major lines of activity in recent months
have remained fairly stable while in a few cases declines have
been experienced. Thus, total construction activity, which
has been a powerful factor in the buoyancy of the economy,
has held steady at about the May rate. Private nonfarm
housing starts, however, have been tending downward since
December; but for the first 8 months the total seasonally
adjusted annual rate of starts of over 1.3 million was onesixth above the corresponding period a year ago.
Business Capital
THE UPSURGE in business investment in plant and equipment
this year has been quite strong. If present plans are fulfilled, new records in capital spending will be established in
the last two quarters of 1955.
Business is planning plant and equipment expenditures at
seasonally adjusted annual rates of $29 billion and $29.7
billion in the third and fourth quarters, respectively, according to the investment programs reported in midsummer
to the Office of Business Economics and Securities and Exchange Commission. These scheduled rates, which follow
a sharp increase in actual outlays from a $25.6 billion rate
in the first quarter to $27.2 billion in the second, may be
compared with the previous high of $28.8 billion reached in
the third quarter of 1953. Thus all the ground that was
lost in the decline in fixed investment over the eighteenmonth period ending early this year may be more than made
up during the remainder of the year.
On the basis of the present survey, outlays for the full
year 1955 will total $27.9 billion. This is $1 billion higher
than 1954 and 3 percent above the amount that business
had anticipated for 1955 in the annual report presented in
the March SURVEY. Higher outlays than had been scheduled earlier this year may be noted in durable-goods manufacturing, in transportation, particularly for the railroads,
and in the commercial area.
September 10H5
Outlays
These upward revisions in capital budgets are attributable
partly to the fact that sales and earnings so far this year
have turned out to be much better than anticipated by business in the first quarter, as reported in the March SURVEY. In
the important area of durable-goods manufacturing, for example, the seasonally adjusted annual rate of sales in the first
seven months of 1955 has been almost one-sixth higher than
1954, in contrast with an expected rise for the full year of
only 5 percent. The higher outlays also reflect increased
costs of construction and equipment; plant and equipment
costs this July were 1 to 2 percent higher than in 1954 and in
the first quarter of this year.
Quarterly trends
Final figures for the second quarter confirm earlier anticipations of a pronounced and widespread industrial recovery
in capital outlays following the first 3 months of the year,
although in most instances the increases were not as large as
business had expected in the quarterly survey of 3 months
ago. In the advance programed from the spring to the summer months—even higher than previously anticipated—
increases are most pronounced in the durable goods manufacturing area, in railroads, gas utilities and the commercial
September
SURVEY OF CURRENT BUSINESS
1955
group. Manufacturing and railroad investment schedules
indicate further advances into the closing months of the year
and account for most of the seasonally adjusted increase
from the third quarter.
Manufacturing programs buoyant
Manufacturers expect to spend at a seasonally adjusted
annual rate in excess of $12 billion in the final quarter of this
year, exceeding the first quarter 1953 record. The present
survey reveals an overall increase of about 20 percent from
the first to the fourth quarter, with a steady growth throughout the year at an annual rate of about $0.6 billion per
quarter. The durable-goods and nondurable-goods groups
each expect to spend at a seasonally adjusted annual rate of
$6 billion in the final quarter of this year. These amounts
represent respective increases of 25 and 10 percent over
spending rates in the opening quarter of this year.
Table 1.—Percent Changes in Plant and Equipment Expenditures,
1953-54 and 1954-55
1953-54
Total
Manufacturing
Durable
Nondurable
Mining
_
Railroad
Transportation, other than rail
Public utilities
Commercial and other
_ _ _
1954-55
-5
4
7
1
-10
5
-1
-8
-35
7
2
-3
3
-7
5
3
Q
seasonal adjustment. During the summer the roads stepped
up their orders for freight cars very considerably and this is
reflected in the increased equipment expenditures scheduled
for the last two quarters of the year.
Sharply expanded investment in new pipelines by gas
utilities is the main reason for the marked increase in public
utility outlays from the second to the third quarters. Outlays by the electric utilities show little change in their
seasonally adjusted rate of expenditures throughout 1955.
The increased outlays by nonrail transportation companies
this spring and summer, followed by a drop in the fourth
quarter, are attributable primarily to heavy deliveries of
planes to commercial airlines this spring and summer.
Investment by the commercial group continues to set new
records each quarter. Spending plans of retail firms show
continued rises through the third quarter, with some leveling
out in the last 3 months of the year.
Comparison of 1955 with 1954
With fourth quarter figures now available it appears that
the realization of current investment programs will make
total plant and equipment expenditures in 1955 about 4 percent higher than 1954 outlays; fourth quarter programs in
the aggregate, after seasonal adjustment, are scheduled to
Plant and Equipment Expenditures
• 1955 investment outlays estimated at $28 billion
• Second half scheduled at record rate
BILLIONS OF DOLLARS
30
Source: U. S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
The substantial rise in total durable goods investment this
year reflects steady advances in all major hard goods lines.
In the fourth quarter, record outlays have been scheduled by
the transportation equipment, machinery and stone, clay and
glass groups. Outlays by automobile producers, although
rising in the second half, are still somewhat below the very
high expenditure rate of 1954. On the other hand, the programs of aircraft and railroad equipment producers have
brought scheduled outlays in the nonmotor vehicle field to
new peaks in the second half. Primary metals manufacturers have also stepped up outlays from the low rates prevailing
early this year while planned expenditures in the electrical
machinery industry in the fourth quarter are approaching
the high mark reached 2 years earlier.
In nondurables the largest advances following the second
quarter are being made by the paper, chemicals and rubber
industries. The petroleum industry has scheduled little
change over this period while small declines are apparent in
the case of food and beverages and textiles.
Nonmanufacturing
The investment schedules of the railroads, which had
experienced the largest relative decline in the 1954 investment
downturn, show the largest rate of gain of any of the major
industry groups, with programed expenditures in the fourth
quarter one-half again as large as in the first quarter, after
20
NONMANUFACTURING
10
MANUFACTURING
0
I960 51
52 53 54 55*
ANNUAL TOTALS
* Last two quarters anticipated
1955*
QUARTERLY TOTALS,
SEASONALLY ADJUSTED,
AT ANNUAL RATES
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
run more than 10 percent higher than the 1954 average.
Except for the decline in mining expenditures all major
industry groups show increases over the previous year,
ranging from 1 percent in manufacturing to 8 percent in the
commercial group. In manufacturing full year programs in
the durable-goods sector are 5 percent above the 1954 total
SURVEY OF CURRENT BUSINESS
while in nondarables a decline of 2 percent is indicated.
These changes are indicated in table 1, together with changes
from 1953 to 1954.
The motor vehicle and primary nonferrous metals industries are the only durable-goods industries that expect to
spend less this year than last while transportation other than
September 1955
motor vehicles, stone, steel and machinery expect larger than
average gains. The situation in nondurables is more mixed—
the rubber and paper industries expect to spend more than
they did last year, petroleum and textiles, about the same,
while food and beverages and chemicals show decreases from
1954.
Table 2.—Expenditures on New Plant and Equipment by U. S. Business,1 1953—55
[Millions of dollars]
1955
1954
1953
1954
19552
Jan-Mar. Apr. -June July-Sept. Oct. -Dec. Jan. -Mar. Apr. -June July-Sept.2 Oct.-Dec.2
11,908 11,038 11, 193
2,569
2,859
2,645
2,965
2,249
2,795
3,075
3,074
5, 648
1,210
412
475
797
5,091
754
246
439
694
5,365
871
225
449
788
1,201
190
69
95
160
1,309
200
69
110
171
1,207
169
53
102
165
1,373
195
55
132
198
1,063
154
41
89
158
1,278
211
45
102
188
1,472
248
66
115
214
1,552
257
74
144
228
1, 169
346
1,239
1,486
361
1, 110
1,425
461
1, 147
321
78
288
402
88
269
383
80
255
379
115
298
272
88
260
321
106
306
402
125
303
430
142
278
6,260
812
378
409
1, 428
5,948
765
331
455
1, 130
5,828
706
331
492
1,032
1,368
197
81
104
309
1,550
204
88
117
292
1,438
184
75
111
252
1,592
180
86
124
277
1, 186
170
77
92
231
1,517
196
92
120
230
1,603
179
81
147
284
1,522
162
80
132
287
2, 668
161
404
2, 684
131
451
2,713
152
403
530
32
115
696
35
118
682
29
104
776
35
114
490
30
96
730
36
113
766
42
104
727
44
90
986
975
895
219
261
251
244
186
235
240
234
Railroad
1,311
854
910
250
245
179
180
179
217
246
268
Transportation, other than rail __ _
1,565
1,512
1,563
384
375
374
379
359
420
420
364
Public utilities
4,552
4,219
4,445
929
1,121
1,060
1,109
845
1,052
1,313
1,235
8,000
8,230
8,891
1,916
2,071
2,133
2,110
2,030
2,290
2,430
2,141
28, 322 26, 827 27, 896
6,266
6,932
6,640
6,988
5,847
7,009
7,724
7,316
10. 17
10. 84
11.36
12. 05
5. 48
5. 88
5.96
6.09
Manufacturing
Durable-goods industries
Primary iron and steel
Primary nonferrous metals
Electrical machinery and equipment
Machinery except electrical
Transportation equipment including motor vehicles
Stone, clay, and glass3 products
Other durable goods
Nondurable-goods industries
Food and beverages
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber products
Other nondurable goods 4
Mining
__ _
Commercial a n d other
5
_
_ _ _ _ _
Total
Seasonally Adjusted at Annual Rates
[Billions of dollars]
11. 62
Manufacturing
11. 09
10.98
10.58
5. 40
6. 22
5. 18
5.90
5. 06
5.93
4. 80
5. 79
4. 78
5.39
5.06
5.78
. 94
1. 04
1. 00
.91
. 80
. 94
.93
. 92
1.04
.91
. 80
. 68
.74
.80
.98
1. 12
Transportation other than rail
1. 57
1. 44
1. 51
1. 53
1.46
1.62
1. 68
1.47
Public utilities
4.33
4.37
4. 12
4.01
4.01
4.09
4.64
4. 68
7. 97
8.07
8. 42
8.46
8.46
8.90
9. 43
9.48
27.46
26.92
26.84
26.18
25.65
27.19
29.03
29.73
Durable
Nondurable
Mining
Ttailroads
Commercial and other
•
5
Total
1. Data exclude expenditures of agricultural business and outlays charged to current
account.
2. Estimates for the third and fourth quarters are based on anticipated capital expenditures
as reported by business in late July and August 1955. The seasonally adjusted data include
in addition to a seasonal correction, an adjustment, when necessary, for systematic tendencies
in anticipatory data.
3. Includes fabricated metal products, lumber products, furniture and fixtures, instruments, ordnance, and miscellaneous manufactures.
4. Includes apparel and related products, tobacco, leather and leather products, and printing and publishing.
5. Includes communications, trade, service, finance and construction.
Source: U. S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
Second Quarter Balance of Payments
Reflects Worldwide Rise in Production
MANUFACTURING production in most of the countries of
Western Europe and in the United States continued to rise
during the second quarter as shown in the first chart. Other
countries such as Canada and Japan had the same experience. The current increase in world production began when
the rise in the United States was added to the rise in Europe,
which had started earlier. The chart indicates that the
major previous occasion of a simultaneous rise of production
in the United States and Europe occurred the second half of
1952 when the rising output in Europe was largely due to a
recovery in the textile industry. More significant for the
resent situation was the rise in production after the outreak of hostilities in Korea, which affected the same industries both here and abroad.
The largely offsetting movements in industrial production
here and in Europe between 1951 and 1954 made it possible
for outputs in either area to rise without exerting an upward
pressure on prices. Conversely, the effects of a declining
output in any one of these areas upon the rest of the world
were thus substantially avoided.
In recent months, the simultaneous rise in production has
created bottlenecks in the supply of basic materials and consequently upward pressures on then" prices. Similar developments had not occurred since the outbreak of the Korean
war although at that time the price rises were accelerated by
the fear of extended supply stringencies resulting from the war.
E
the rise in their gold and dollar assets slowed down. In
the United States balance of payments the corresponding rise
in the surplus on merchandise trade was offset by larger
Government expenditures abroad.
The countries whose exports and incomes depend to a large
extent upon the international market for foodstuffs generally
experienced difficulties during the first half of the current
year. In most cases earnings from exports were lower than a
year earlier. Imports had to be curtailed or balance of payments deficits had to be financed by drawing upon reserves or
through short-term credits from abroad.
Manufacturing Production in the
United States and Western Europe
PERCENT
150
TOTAL U. S. and WESTERN EUROPE
1950=100
100
Rising demand for durable goods
The recent rise in manufacturing production both here and
in Europe is generally concentrated in the durable producer's
and consumer's and related goods industry. The textile industry participated in the rise in business activity to a much
lesser extent, and agricultural producers of foodstuffs and
beverages who depended upon sales in world markets were
adversely affected by rises in supplies in excess of demands.
The chart oil p. 8 indicates the effects of these differences in demand-supply relationships upon prices of typical commodities which are of major importance in world trade. Materials
which are largely used in the production of durable goods,
such as metals and rubber, had sharply rising prices during
the last months. Prices of major textiles and of major foodstuffs were relatively weak.
The fact that textiles and foodstuffs did not participate
in the current upswing of demand and production reduced—
but did not eliminate—the danger of inflationary developments in industrial countries. Consequently, most of the
major industrial countries found it necessary during the last
months to tighten the supply of credit in order to curtail the
current demand. The full effect of these measures has yet
to be felt, however.
World trade and payments during the first half of the
current year generally reflect these developments. With the
continued expansion of production in many European countries much more limited than in the United States and with a
relatively high dependence upon imported raw materials and
fuels, European imports increased substantially more than
exports from the first half of 1954 to the first half of 1955.
Relaxations of import restrictions contributed to this development. The changes in trade of European countries were also
reflected in their balance of payments, with the result that
,•••••»•**
50
,..••*•....•
WESTERN EUROPE
I
I I I I I I i
1 I
1950
1951
1952
1953
1954
I I i 1 I
1955
BASIC DATA: PRODUCTION INDEXES, OEEC 8 FRB;
WEIGHTS USED IN COMBINING, UN
0. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
.
55-50-3
Countries which are producing raw materials entering into
durable goods production shared in the prosperity of Europe
and the United States. The rise in demand benefited also
other industrial countries such as Japan which had a high
export capacity.
U. S. trade reflects worldwide developments
These economic developments in the United States and the
rest of the world have influenced our own international transactions including the commodity composition and geographical distribution of our foreign trade.
United States merchandise exports (excluding military supplies) during the first half of 1955 were about $660 million
or 10 percent higher than during the first half of 1954.
SURVEY OF CURRENT BUSINESS
6
September 1055
Table 3.-—Balance of Payments of the United States, by Areas—
[Millions of dollars]
Western European
dependencies
Western Europe
All areas
Eastern Europe
Canada
Item
1954
First
half
Second
half
First
half
1955
1955
Ir
1955
II *>
1954
First
half
1955
First
half
I'
II *>
1954 1955
First First
half half
1955
1955
1954 1955
First First
II* half half
Ir
II J>
I'
1
Exports of goods and services,
total.
10,459
10,437
n.a.
5,183
n.a.
3,619
n.a. 1,832
n.a.
2
Military 1 transfers under
grants, net, total.
1,819
1,313
n.a.
499
n.a.
1,337
n.a.
n.a.
3
Other goods and services,
total.
8,640
9,124
9,513
4,684 4,829
2,282 2,851 1,472 1, 379
336
354
173
181
9
17
6
4
Merchandise, adjusted, excluding military.
Transportation
Travel
_..
Miscellaneous services:
Private
Government, excluding
military.
Military transactions
Income on investments:
Direct investments
Other private
Government
6,299
6,408
6,958
3,443 3,515
1,619 2, 105 1.103 1,002
244
252
125
127
6
6
4
606
244
616
294
637
273
311
113
326
160
2.55
24
273
27
131
11
142
16
24
3
22
3
11
1
11
2
383
74
433
62
402
64
202
32
200
32
167
42
185
32
94
16
91
16
8
(*)
8
(')
4
(*)
4
00
(«)
00
(«)
(*)
5
6
7
8
360
336
354
173
89
90
93
49
44
7
17
11
6
751
110
84
914
119
188
866
125
95
426
60
48
440
65
47
90
22
56
127
26
59
60
10
36
67
16
23
56
(*)
(•)
13 Imports of goods and services,
total.
7,970
7,902
8,515
4,092 4,423
2,406 2,755 1,269 1,486
559
631
325
14
5,272
5,032
5,569
2,762 2,807
495
407
506
551
551
468
255
170
296
298
171
109
176
139
180
111
90
54
1,307
1,288
1,400
180
29
180
30
200
36
2,489
2,535
1,091
9
10
11
12
20
21
Merchandise adjusted, excluding military.
Transportation
Travel
Miscellaneous services:
Private
Government, excluding
military.
Military expenditures
Income on investments:
Private
Government
22
Balance on goods and services:
Total
15
16
17
18
19
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
n.a.
32
17
6
(*)
(*)
(*)
(*)
2
(*)
2
(*)
(*)
00
1
11
11
1955
I'
II*
934
n.a.
1,928
n.a.
(*)
n.a.
n.a.
1,928 2,076
934 1,142
2 1,470 1, 603
713
890
(*)
(*)
1
(*)
43
139
44
159
20
62
24
97
48
(«)
45
1
22
(*)
23
1
54
45
24
21
8
109
64
1
113
66
(*)
59
34
00
54
32
(*)
1
9
1
306
21
25
14
11 1,405 1,530
694
836
20
24
13
11 1,112 1,259
581
678
00
42
84
40
89
19
26
21
63
(«)
14
2
10
1
5
(*)
5
1
(*)
101
77
43
34
45
5
48
6
17
3
31
3
548
555
456
494
257
237
254
151
274
174
117
41
157
133
11
32
10
41
5
21
5
20
90
57
128
46
140
47
70
23
70
24
(')
3
00
3
(*)
2
648
752
721
853
386
467
54
81
39
42
• 97
16
103
20
124
14
141
23
74
10
67
13
2
1
2
(')
1
00
1
n.a.
1,213
n.a.
563
34
135
80
64
30
64
234
46 Gold sales [purchases (— )]_
186
846
586
766
580
997
760
47 Foreign capital and gold, total
83
142
21
-248
163
189
-152
48 Errors and omissions and transfer of funds between foreign
areas [receipts by foreign areas
(-)], net.
r
Revised.
* Preliminary.
n.a. Not available.
* Less than $500,000.
1. Military supplies and services transferred under grants in the second quarter of 1955
were not available in time to be included.
9
37
968 1,103
592
1,222
-124
406
96
998
670
Excluding military transfers,
Unilateral transfers, net [to foreign countries (— )]:
n.a. -1,224 n.a. -1,940 n.a.
-2,852 -2,438
Total
-725 -647
-603 -660
Excluding military supplies -1,033 -1,125 -1,372
and services.
-112
-109 -122
-109
-229
-221
-223
Private remittances
Government:
-1,337
n.a.
n.a.
—499
n.a.
-1,819
-1,313
M i l i t a r y supplies
and services
-576
-480
-832
-505
-520
-1,081
-746
-14 -18
-37 -33
-64
-64
-70
Pensions and other
transfers.
-74 -481
129 -105
-942
-555
-586
United States capital, net [outflow of funds (-)].
2 -37
-354
-684
-937
-3 -351
Private, net, total .
-34 -84
-331
-73 -258
-343
Direct investments, net-- -418
21
-60 -17
-260
-49
-77
154
95
59
7
7
67
57
62
-43
38
21
21 -64
-61
Other long-term, net
14 -71
-57
-33
23
-94
-541
127 -68
-201
-71 -130
98
Government, net, total
-45 -160
-36 -44
-205
-115
-191
Long-term capital, outflow.
177
70
78
155
85
254
253
Repayments
-14 -102
-96 -55
-151
-41
-67
Short-term, net
506
702
156
546
711
696
763
Foreign capital, net [outflow of
funds (-)], total.
83
141
79
61
140
146
79
Direct and long-term portfolio investments other
than United States Government securities.
104
127
291
187
38
71
-63
Transactions
in United
States Government securities.
-169
442
595 208
724
273
510
Short-term liabilities to foreign banks and official institutions.
30
59 -61
-5
-2
-44
36
Other short-term liabilities -~
1
69
181
1954 1955
First First
half half
(•)
00
(*)
1
00
(*)
1
(-)
1
(«)
00
-152 -125
12
-8
-8
523
n.a.
240
n.a.
203 -107 -223 -277 -152 -125
-12
-8
0
523
546
240
306
n.a.
-4
-1
n.a.
-3
n.a. -223 -277
-754 n.a.
-394 -266
-14
-14
-13
-13
-8
-8
-5
-5
-15
-15
-7
-7
-4
-4
-3
-3
-3
-3
-62
-60
-13
-12
-7
-5
-9
-6
-3
-3
1
-360
n.a.
-323 -197
-9
-9
(')
(«)
-1
00
-1
00
(*)
(*)
-6
00
-1
(*)
2
2
6 -111
16
7
17
-10
36
-48
12
2
76
18
-30
-7
-73
-36
9
5
-38
5
-38
-37
11
10
2
4
15
15
-13
-11
(-)
5
(*)
—2
5
(*)
(*)
—2
3
(*)
2
41
-64
223
37
-38
283
4
1
-32
5
(•)
-7
3
00
-4
2
(«)
3
76
65
1
3
58
69
-1
37
171
-30
52
-22
-2
-7
-4
38
261
-76
42
325
159
(')
-32
253
(«)
-7
290
<•)
-3
146
1
-3
2
00
2
(*)
-3
3
1
-4
-3
-4
144
-1
(-) "(,)"
w
3
22
2
-1
n.a.
-5
-3
-2
-337 -102
-4
2
00
-36
-66
-68
-87
2
2
2
2
(«)
(')
-343 -104 -36
-254 -162 -75
— 157 -38 —38
128
45
78
35
21
18
0)
-12 -53 -19
6
2
(*)
-4
(*)
(*)
11
2 (')
-1 (•)
(-)
2 -30 -136 -144
0)
(*)
(*)
(*)
00
2
(*)
(-)
(*)
(*)
00
3
1
n.a.
2
(«)
2
11
(•)
00
(•)
10
2
450
3
-34
2
2
(•)
8
-24
-30
-14
-16
-26
167
89
78
15 -219 -181
-38
5
-54
-38
-16
-4
-9
-4
-5
4
2 -34 -145 -149
1 -149 -295 -54 -241
NOTE: Net foreign investment equals the balance on goods, services, and unilateral trans-
September 1955
SURVEY OF CURRENT BUSINESS
First Half of 1954 and First and Second Quarters, 1955
[Millions of dollars]
Sterling area
Latin American
republics
1954 1955
First First
half half
2,258 n. a. 1,148
24
n. a.
All other countries
1955
I'
International
institutions
HP
1954 1955
First First
half half
1955
I'
D>
n. a. 2,269 n. a. 1,075 n. a.
14 n. a.
458 n. a.
1954 1955
First First
half half
40
29
1955
I'
IT v
15
14
2,234 2,285 1,134 1,151 1,811 1,901
950
951
40
796 1,347 1,417
12
779
719
698
153
67
168
73
84
34
84
39
131
11
130
11
65
5
65
6
79
13
78
12
39
6
39
6
57
19
62
19
31
10
31
9
1954 1955
First First
half half
1955
I'-
II v
1954 1955
First First
half half
1955
I'
II
1954 1955
First First
half half
f
22
29
22
15
11
14
727
553
747
392
355
176
202
99
103
499
582
313
269
782 1,032
561
471
301
458
254
204
105
119
60
59
376
455
247
208
112
17
115
17
56
7
59
10
69
9
75
9
36
4
39
5
11
3
10
3
5
1
5
2
32
5
30
5
15
2
15
3
11
126
14
136
11
70
6
66
5
98
7
106
5
55
3
51
2
6
(•)
6
(•)
3
00
3
(*)
22
7
24
6
12
3
12
3
00
(*)
(*)
00
3
8
3
5
22
23
11
12
10
7
6
1
1
1
176
7
6
164
7
11
207
8
9
217
12
10
99
5
5
118
7
5
6
144
15
8
184
17
12
91
6
1
93
11
11
52
12
5
73
13
7
38
9
7
00
2,199 2,075 1,076
999 1,373 1,491
710
781
7
436
1,878 1,719
897
822
838
968
465
503
115
126
134
147
68
74
66
73
73
14
93
17
46
8
47
9
24
33
23
35
12
17
11
18
5
22
7
22
3
10
4
12
15
9
4
5
416
380
176
6
2
6
2
3
1
3
1
3
2
3
1
2
(")
-24
-17
-151
-152
-141 -108
-94 -45
4
-51
-10
-41
31
5
-146
78
-44
-95
466
253
292
142
150
226
268
119
149
305
334
167
167
44
29
63
47
88
30
91
35
36
8
55
27
6
28
6
34
3
18
3
16
9
6
10
7
5
3
5
4
107
12
121
10
60
5
61
5
106
5
120
3
60
2
60
1
1
5
1
5
204
227
236
107
129
188
186
83
103
1
1
74
3
82
4
43
2
39
2
70
3
79
4
41
2
38
2
2
(•)
5
2
(•)
4
1
(•)
2
1
<•)
2
n. a. n. a. n. a. n. a. n. a. n. a. n. a.
-38 n. a. -790 n. a. -410 n. a.
-24 -24 —332 -603 -285 -318
-17
-17
-37
-37
13
18
1
1
2
(*)
25
12
13
1
(•)
1
(•)
8
-63
18
n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a.
-81 -109 -135
-55
-80
153
-9
199
-11
123
-7
-4
-31
-46
n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a.
-209
-63 -146
-95
4
-4 -104 -118 -111
53 -98 -46 -44
-19 -18
4
3
2
7
-100 -46 -59
47
41
2 -103
37
-5 -39 -32 -98
-21 -74 -34 -66
-88
-26
-23
-18
-10
6
25
-26
-40
-17
-84
1
7
22 -18
-77 (*)
-58
-49
-95
4
-9 -28
9
11
-43
222
5
-28
86
6
-15
136
7
-3
-45
-88 -175
-3
-4
-24
-21
-27
-12
-13
-10
-9
-5
-90
-1
-85
-2
-67
-3
-79
-3
-42
-1
-37
-2
00
-1
-1
00
-1
(•)
30
-39
13
23
40
-17
3
1
3
2
3
-9
-5
-10
26
-59
48
-21
-22
-38
3
11
28
-26
42
—7
-14
-19
1
-1
7
2 ~-5~
3
7
-19
-4
—26
5
2
78
-35
—25
5
16
48
-18
— 14
(*)
-14
30
-17
— 11
4
-12
10
-19
73
-5
4
45
2
-23
28
-3
1
(•)
3
19
313
5
-15
240
2
-6
94
3
-9
146
17
333
(«)
-5
213
00
-2
82
(*)o
1
60
67
20
47
56
63
19
44
-44
6
64
33
31
7
64
33
31
00
86
-2
88
-1
3
2
32
-32
-1
-5
-2
9
15
44
6
4
5
3
2
5
5
41
28
26
2
-1
13
14
-1
20
-44
193
56
137
-10
80
51
29
253
114
10
104
274
-21
11
13
2
3
00
3
-6
-5
31
-36
-4
-3
9
-7
129 -207
-68
251
43 -114
-2
220
182
(»)
86
22
-2
134
160
4
1
5
49
59 -10
-37 -70
33
50
363
-65
-12
3
76
-25
-14
-5
0
37
29
-2 -27
132 -216
55 -11
4
(•)
240
Q
fers for all areas: 1954 by halves: First, -363; Second, 97; 1955, First half, -374; by quarters:
I, -133; II, -241.
12
2
n. a.
-37
-21
25
2
-34
-65
-17
36
21
2
1
1
1
2
2
2
2
2
10
15
1
1
-9 -28 n. a. n. a., n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a.
-4 -30 -106 -54 -52
-6
-9 -28 -138 -223 -115 -108 -97 -107 -55 -52 -11 -10
-85 -190
16
-10
61
-71
W
2
2
1
3
(X)
1
2
86
71
59
W
00
1
1
76
1
10
-64
181
-16
51
n. a. -125
-14 -223 -494 -228 -266
-1 -40 -44 -23 -21
145 -198
1
428
107
76
-146
12 -133
1
894
245
135
193
103
64
20
-4
-61
57
-6
190
784
10
-150
383
1
10
-9 -143
346
1
11
-14
-2
-28
-3
183
2
11
-20
—5
1
810
21
-69
1
21
2
4
743
21
-9
5
26
2
1
812
33
-8
00
154
6
47
4
5
718
33
-14 n. a. -458
285
00
337
10
41
3
3
34
4 1,374 1,530
170
-24 n. a.
30
4
4
240
410
64
8
7
365 n. a.
152
00
35
4
(•)
374
438
58
-73 n. a.
-49 -48
(•)
896 n. a.
72 n. a.
II v
IT
804
340
14
17
210
II *
I'-
1955
1954 1955
First First
half half
1,228 1,531
6
35
1955
n. a. n. a. ll, a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. ll, a. n. a. n. a. n. a. n. a. n. a.
289
10
16
59 n. a.
Other countries
Dependencies
n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a. n. a.
125 n. a.
1,601 1,575
United Kingdom and
Other Europe
Total
(•)
94
-95
50
(•)
146
383
86 -109
(•)
213
-66
(•)
82
-85
2
(*)
2
(*)
1
1
2
00
1
2
3
131
(«)
131
19
00
-1
1
-4
-21
(»)
-95
(*)
-47
(*)
-48
(•)
-2
-30
-33
-13
-20
3
-3
-3
-14
-12
-1
-33
4
-17
-5
-16
5
3
21
2
6
-7
-16 -32
-19 -25
2
3
1 -10
26
-20
5
12
4
-17
-14
00
9
2
-15
-11
3
3
3
3
3
3
3
3
1
-4
12
2
-6
14
3
4
4
1
1
00
1
1
(*)
1
3
2
4
-1
(»)
00
1
117
143
(*)
58
2
2
(*)
00
(*)
1
00
2
1 -20
-3
4
25
-1
(«)
1 -20
85 -73
(•)
26
-86
Source: U. S. Department of Commerce, Office of Business Economics.
4
10
15
1
-1
4
(•)
14
-18
4
4
4
(«)
12
-68
SURVEY OF CURRENT BUSINESS
8
About two-thirds of the rise was due to higher shipments of
metals and manufactures including machinery and vehicles,
coal, petroleum products, and chemicals. Exports of foodstuffs, stimulated by Government relief and other special programs, were also higher but declined from the first to the
second quarter of 1955. Exports of cotton, however, were
smaller and continued to decline during the first half of
this year.
The rise in United States exports from the first half of 1954
to the first half of 1955 resulted mainly from higher shipments
to Europe and to a lesser extent Canada, some of the independent sterling area countries, and some of the mineral and
oil producing countries. Sales to countries whose exports
consist mainly of agricultural goods generally showed little
change over last year, and in the case of Brazil declined.
Exports to Colombia were higher than a year ago but dropped
during the second quarter.
United States merchandise imports other than vegetable
foodstuffs rose from the first half of 1954 to the first half of
1955 by about $570 million or nearly as much as total exports.
However, the additional imports consisted mainly of petroleum, manufactured textiles, wood and paper products.
Rubber imports rose in value but relatively little in volume.
Imports of metals and manufactures excluding machinery
and vehicles did not change significantly from the first half of
1954. This was largely due to relatively small imports during
the first quarter of this year. During the second quarter
arrivals increased substantially, although for some nonferrous
metals such as copper and aluminum they were still less than
the current demand. The tight supply situation was reflected in the price rises referred to earlier.
Purchases of machinery and vehicles rose by 16 percent, or
September 1955
by about the same percentage as total imports other than
vegetable foodstuffs.
Imports of vegetable foodstuffs including coffee, cocoa and
sugar declined in value from the first half of 1954 to the first
half of 1955 by about $270 million. Most of this drop was
due to lower prices, but the volume of imports was also
smaller. So far this year, the volume of imports has remained relatively stable, but further price cuts have continued to reduce import values. Coffee imports during the
first half of the year were probably smaller than current consumption and increased purchases during the summer were
accompanied by upward adjustments of prices.
Because of the rise in merchandise imports and also in
military and tourist expenditures, total United States purchases of goods and services during the second half of 1955
were $545 million higher than a year earlier. Foreign dollar
receipts were also raised over the same period by an increase
of $335 million in Government grants, other than those in the
the form of military goods and services.
The net outflow of private United States capital was about
$330 million smaller than in the first half of last year but
$300 million of this decline was offset by higher net outflows
of Government capital. The decline in the outflow of private
capital was due mainly to the reduction in new issues of
foreign bonds and an increase in redemptions, which reflects
the tightening capital market during the upswing in business
activity here. The net outflow of funds through direct investments was also smaller. Purchases of foreign stocks,
however, remained as high as during the previous year.
The rise in the outflow of Government capital resulted
from higher long-term loans and the larger accumulation of
foreign currencies or receivables in foreign currencies resulting from the sale of surplus agricultural commodities.
Prices of Selected Commodities in International Trade
INDEX, JANUARY 1950 = 100
300
TEXTILE FIBERS
METALS AND RUBBER
FOODSTUFFS
200
COFFEE, N. Y.
WOOL, AUSTRALIA
COTTON, U. 5.
100
- WHEAT, CANADA
RUBBER, N.Y.
TIN, N. r.
'•
J
JUTE, INDIA
SUGAR, CUBA
i i Iii
i 1i i
1953
1954
1955
1953
1954
1955
LAST MONTH IN EACH QUARTER, EXCEPT AUGUST 1955
U. 8. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS
1953
1954
i i iiiIi
1955
BASIC DATA: U. S. a FOREIGN REPORTS
55-50-4
September 1955
SURVEY OF CURRENT BUSINESS
9
Export-Import Bank credit lines to United States exporters,
which at the end of June amounted to $150 million, have
not resulted in actual disbursements during the first half of
this year.
short-term or extraordinary transactions, so that the rise in
foreign gold and dollar assets for both quarters combined is
more indicative of the current trend in the balance of payments between the United States and the rest of the world.
Net payments abroad equal last year's
Area balances change
Total dollar payments to foreign countries during the first
half of the current year (omitting grants for military supplies
and services) were, therefore, about $850 million higher
than a year earlier. Foreign purchases of goods and services
and United States receipts of income from foreign investments increased by approximately the same amount.
Foreign countries as a whole continued, therefore, to accumulate gold and dollar assets through transactions with the
United States at the same rate as during the first 6 months
of last year. Somewhat higher investments by foreigners
in United States private securities, however, reduced gold
purchases and the accumulation of liquid dollar assets by
foreigners from about $680 million during the first 6 months
of 1954 to $625 million during the corresponding period of
this year.
While total United States payments to foreign countries
and foreign expenditures for goods and services in this
country have risen from the first half of 1954 to the first
half of this year by about the same amount, there were
noticeable changes in the transactions with the various areas
as is shown in the following tabulation:
Major changes in second quarter
The increase in foreign gold and dollar assets through
transactions with the United States during the first half of
this year was mainly due to transactions during the second
quarter, when the advance amounted to $580 million.
With merchandise transactions relatively little changed, the
substantial rise in the gold and dollar accumulation by
foreign countries from the first to the second quarter was
mainly the result of higher military and travel expenditures
and the sharp rise in the outflow of private and Government
capital.
The increase in travel expenditures, discussed in detail
later in this issue, was mostly seasonal but was due also to
a rising trend, which has been in evidence throughout the
postwar period. Military expenditures during the second
quarter included large contributions to meet the costs of
facilities constructed for joint use of the North Atlantic
Treaty countries. Overseas purchases of military goods for
re transfer under the military aid program rose by $20 million
to about $200 million.
The rise in the outflow of United States direct investment
capital, mostly to Latin America, consisted to a large extent
of short-term capital movements, such as the payments of
foreign taxes from funds which had been accumulated here
during previous quarters.
The net movement of portfolio capital changed to a small
net outflow in the second quarter from a net inflow during
the first, largely because of smaller loan repayments. Medium-term bank loans to Latin America were smaller, but
these loans are largely offset by reductions in short-term
advances or by increases in foreign assets which are held
here as collateral for the loans. Purchases of foreign securities, particularly European stocks continued to be substantial. With the development by American banks of improved
procedures to facilitate transactions in foreign stocks, there
has been growing interest in this type of foreign investment.
Short-term claims on foreigners also increased in the second
quarter, in contrast to net reductions in the first. The
change reflected increased bank financing, especially to countries in the Middle East and Far East, a sizable flow of
short-term funds to Canada, and a slowing down of withdrawals from sterling accounts.
Much of the difference in the rate of foreign dollar accumulations between the first and second quarters resulted from
Digitized 35478,3
for FRASER
°_ 55
U. S. payments
through purchases of goods Foreign payments to the
and services,
net unilateral U. S. through
Net U. S.
purchases of
transfers, and
net U.S. invest- goods and serv- receipts or payices
ments (— )
ments
First
half
1954
Continental Western Europe and
dependencies
Sterling area
Canada
Latin America.
O ther countries
International institutions
Total
First
half
1955
First
First
First
half
half
half
1954
1955
1954
[Millions of dollars]
1,889
2,256
-428
First
half
1955
-698
2, 317
1, 526
1, 745
2, 399
1, 483
119
2, 954
1, 677
1, 636
2, 275
1, 859
41
1,928
2,234
2,076
2,285
+183
-165
+440
+10
9,589
10,442
8,640
9,513
-949
-929
1,228
1,321
40
1,531
1,336
29
-298
-162
-79
-146
-523
-12
Source: U. S. Department of Commerce, Office of Business Economics.
Known transactions with the countries of continental
Western Europe and their dependencies, and the nonsterling
area countries of Asia and Africa resulted in higher net payments by the United States.
The higher net payments to continental Europe can be
attributed mainly to higher military expenditures, particularly on "offshore procurement," to higher grants (excluding
military), and to larger capital outflows. The increase in
grants was due to increased payments to France to help
meet the costs of the defense of Indochina. These payments
compensated for the decline in other grants.
The increase in net receipts of the nonsterling countries
of Asia and Africa resulted principally from higher Government grants and increased United States imports of goods
and services while United States exports remained unchanged.
Transactions with the United States became less favorable
for the sterling area although United States expenditures
there increased and still exceeded the area's rising expenditures here.
The less favorable balance of Latin America resulted
mainly from smaller United States imports, and the less
favorable balance of Canada from a smaller capital outflow
and higher repayments of loans extended in earlier periods.
These changes in the transactions of the United States
with the various areas are not necessarily matched by the
movement of their foreign gold and dollar reserves because
of the use of dollars to make payments between foreign
countries. It seems that the improvement for Europe in
its transactions with the United States was offset by larger
dollar payments to other countries, mainly Canada and
Latin America, and smaller dollar receipts from the nonsterling area countries of Asia and Africa. Also, the change in
official British reserves from a rise by $500 million during
the first half of 1954 to a decline by $80 million during the
first half of this year, can only to a relatively small extent
be attributed to transactions with the United States.
Record Expansion in Foreign Travel
UNITED STATES residents spent $1,358 million in 1954 for
foreign travel, including international passenger fares.
Foreign countries received $1,144 million from United
States travelers in 1954, including $186 million paid to foreign carriers. American carriers earned $214 million.
Preliminary figures for the first half of 1955 indicate a
seasonally adjusted annual rate of about $1.5 billion, of
which about $1,275 million accrued to foreign countries from
expenditures by American tourists within these countries
and from fares paid to foreign carriers. The rate of expenditures for foreign travel during the first half of 1955 would
thus be about 50 percent higher than in 1950 when expenditures amounted to just under $1 billion, of which $874 million
was paid to foreign countries. In the prewar peak travel
year of 1929, $693 million was spent on foreign travel, with
$651 million going to foreigners.
During the postwar period expenditures for foreign travel
rose at a substantially faster rate than the disposable personal income or total consumer expenditures. The ratio to
disposable income is, however, lower than that in 1937 and
even farther below the ratio in 1929. Table 1 indicates,
Table 4.—Foreign Travel Expendituresl and Disposable Personal
Income
1937
1950
1954
Foreign travel expenditures
Europe and Mediterranean
Canada
. - _. _
Mexico
West Indies and Central America
Other
1954
(1937 = 100)
( 1929 = 100)
Disposable personal income
19,50
85.4
248.0
306.6
290.3
358.9
68.1
47.0
87.6
122.2
95.7
80.0
144.2
111.1
146.6
402.8
152. 2
192.5
196.0
167.0
159. 6
527.8
233.3
262.5
211.7
236.2
167.3
329.5
159.1
240.6
287.7
355. 2
182.1
431.8
243. 9
328.1
1. Excludes travel expenditures by members of the Armed Forces, Government employees
and persons employed in foreign countries; includes international fares paid to United States
and foreign carriers and shore expenditures of cruise passengers.
Source: TJ. S. Department of Commerce, Office of Business Economics,.
however, that expenditures for travel to Europe in 1954 have
caught up with the advance in disposable income'since 1937
(and possibly increased relatively faster during the current
year) and that travel expenditures in Mexico have advanced
more rapidly over the same period. Travel expenditures in
Canada and the West Indies have risen much more slowly.
The rapid postwar rise in American tourist expenditures
in Europe indicates that the declining trend in the relationship of these expenditures to disposable incomes which was
observed during the prewar period has—at least during the
last two years—been interrupted. The decline in that
relationship during the inter-war period is attributable to the
falling share in the population of the United States of the
foreign-born, which in 1929 accounted for over two-thirds
of the United States travelers to Europe. Although the
ratio of foreign-born to the total population continued to
decline after the war, the effects of this decline upon travel
to Europe were apparently outweighed by other developments.
The development of air transportation opened the possibility for trips of short duration which prior to the war
would perhaps not have been undertaken. This speed-up
10
in transportation may not have affected Canada pnd the
West Indies to the same extent, which may account for
the slower rise in tourist expenditures in these countries.
Visits to armed forces personnel stationed abroad may also
have contributed to the postwar rise in European travel.
The introduction during 1954 of the "pay-later" plan has
widened the possibilities of financing such trips. About 4
percent of all European travelers used this plan during the
period October 1954 to March 1955, with significantly
many more foreign-born than native-born residents taking
advantage of the plan.
Americans spent an average of $1,467 in 1954 for their
European trips, including $839 for travel in Europe and
$628 for transatlantic fares. This average has risen by
about 10 percent over the last five years, reflecting an
increase in the per diem expenditures of travelers from
$11.24 in 1950 to $14.98 in 1954. This rise was partly
offset by a decrease in the length of stay abroad from 66 to
56 days over the period. The increased per diem expenditures reflect rising costs and the greater availability of
merchandise in Europe. Compared with 1929, average
expenditures per trip in 1954 had risen by about 45 percent,
less than consumer prices in the United States. This may
be due to the larger number of short trips which in part is
probably offset by the rising portion of higher-spending
native-born in the traveling public (from 32 percent in 1929
to 60 percent in 1954).
The pattern of European travel has not changed materially
in the last five years. Travel payments to Germany increased to 10 percent of total expenditures in Europe in
1954, although this is still considerably below the share in
1937. The recent increase results from a rise in the numbers
of travelers to Germany reflecting visits to armed forces
personnel stationed there and the addition in 1952 of direct
Table 5.—Estimated Expenditures of United States Residents on
Foreign Travel 1929, 1937, 1953, 1954, and First Half of 1955 *
[Millions of dollars]
19 54
Year 1st half
Total
Transportation
Foreignflagcarriers
United States carriers
Expenditures abroad.
Canada..- _. . .
Mexico
.
_
- -
Total oversea areas
Europe and Mediterranean
West Indies and Central America
Bermuda
British West Indies
Cuba
Other
South America
Other oversea.
. . _ - - - . _ .
1955
1st half
693
473
1,277
1,358
611
705
210
168
42
125
97
28
382
181
201
400
186
214
.204
101
103
237
108
129
483
178
36
348
156
44
895
282
192
958
284
190
407
84
96
468
89
111
269
213
148
97
421
306
484
352
227
156
268
182
76
23
87
22
48
12
37
(*)
(*)
(*)
(*)
5
14
35
(*)
(*)
(*)
(*)
4
12
22
20
11
20
19
28
23
14
22
23
15
12
9
11
12
59
13
19
14
13
12
15
* Not available.
1. Excludes travel by members of the Armed Forces, Government employees and persons
employed in foreign countries; includes shore expenditures of cruise passengers.
Source: U. S. Department of Commerce, Office of Business Economics, values based OD
questionnaire returns.
SURVEY OF CURRENT BUSINESS
September 1955
steamship facilities to German ports. Additional transportation service to the Mediterranean has also stimulated travel
to Spain and Italy. Travel to Eastern European countries
still remains negligible although in the 1930's 6 percent of
American travel expenditures in Europe were made in these
countries.
Table 6.—Number of United States Travelers to Oversea Countries
1929, 1937, 1953, 1954, and First Half of 1955'
[Thousands]
Total
oversea
areas
West Indies and
Europe
Central America
and
Mediterra- Total
Bernean
area
muda Cuba
South Other
Amer- oversea
ica
517
350
136
(*)
(*)
8
23
1937
434
248
153
(*)
(*)
9
24
1953: Total
Sea
Air
827
300
527
376
207
169
396
76
320
82
20
62
168
30
138
33
8
25
22
9
13
1954 Annual: Total
Sea
Air
912
307
605
420
220
200
432
70
362
80
18
62
180
25
155
36
8
28
24
9
15
1954 1st half: Total
Sea
Air
437
142
295
178
93
85
230
40
190
42
10
32
96
16
80
17
4
13
12
5
7
514
149
365
209
95
114
269
45
224
47
10
37
104
16
88
19
4
15
17
5
12
. . _ ..
*Not available.
1. Excludes travel by cruise passengers, members of the Armed Forces, Government employees and persons employed in foreign countries.
Source: U. S. Department of Commerce, Office of Business Economics, based on data of U. S
Department of Justice, Immigration and Naturalization Service.
Proportionately more American travelers to Europe in 1954
came from the Middle West and West Coast than in 1952.
About half of all European travelers in both years resided in
New York, New Jersey, Connecticut, or Pennsylvania, close
to the major embarkation point for Europe—the port of
New York. As in 1952, the states having the highest proportion of foreign-born population provided the majority of
European travelers.
Expenditures by American travelers in Canada, accounting
for about one-third of foreign travel outlays, have risen less
than 10 percent since 1950. Travel payments to Mexico,
however, have increased by about 30 percent from 1950 to
Table 7.—Numbers and Expenditures of United States Residents
Traveling in Europe and the Mediterranean Area, 1952, 1953,
1954, Total and Selected Countries 1
Number of trav- Total expenditures Average expendielers (thousands) (millions of dollars) tures (dollars)
1952 1953
1954
1952
1953
1954
1952
1953
1954
332
376
420
256
306
352
767
812
839
France
United Kingdom
Italy
Switzerland Germany
193
159
145
115
101
212
192
160
128
120
244
221
183
146
157
60
41
51
22
24
68
57
55
24
26
72
64
64
29
34
310
260
344
186
229
320
296
342
189
220
297
293
348
198
220
A ustria
Benelux
Scandinavia
Spain
Portugal
(*)
85
48
(*)
(*)
(*)
100
53
(*)
(*)
55
108
57
49
19
(*)
12
15
(*)
14
18
(*)
(*)
7
16
20
15
3
(*)
135
308
(*)
(*)
(*)
13.9
343
(*)
(*)
124
152
351
299
151
Europe and Mediterranean
8
* Not available.
1. Excludes international passenger fares and travel by Government employees, members of the Armed Forces and persons employed in foreign countries; includes shore expenditures, but not the number, of cruise passengers.
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.
1954, the rise becoming sharper in 1955. Travel to Mexico
has been stimulated by increased transportation facilities
and in recent months by lower prices resulting from the
devaluation of the peso in 1954.
Travel payments to Bermuda, Cuba, and the West Indies
have risen steadily. This rise reflects in part the increase in
winter tourism in Florida, but the beginning of a secondary
peak in the summer can also be observed. The introduction
of air coach transportation has also contributed to the rise
in travel to the nearby West Indies.
Table 8.—State of Residence of United States Residents Returning
by Sea and Air at the Port of New York from Europe and the
Mediterranean Area, Third Quarter, 1952 and 19541
[Percent]
1929
1955 1st half: Total
Sea
Ail-
11
1952
Total
Total, United States
New England
Connecticut
Massachusetts
_. .
Middle East
District of Columbia
Maryland..
New Jersey
. .. - - - - - - New York
Pennsylvania
.
Southeast
Florida
Georgia
Louisiana
Virginia
Southwest
Texas
. _.
_
..
. - __ ... ._
-
Central _ .._
Illinois
Indiana
. .._ .
Iowa
. .Michigan
Minnesota
- - - - - - - _.
Missouri
Ohio
Wisconsin
._ ._
._.
_
- _.--..__,__-.
--- -
1954
Total
Sea
Air
100.0
100.0
100.0
100.0
8.9
3.3
4.4
9.3
4.3
4.2
11.3
4.9
5.3
6.9
3. 6
2.8
52.5
1.7
1.7
8.0
33.7
6.8
48.8
1.4
1.2
7.2
31.5
6.9
45.2
1.3
1.3
6.9
27.9
6.9
53.3
1.5
1. 1
7.5
35.9
6.8
6.4
1.5
.5
.4
1.4
6.6
1.7
.8
.9
.8
7.3
2.0
.9
1.1
.5
5.8
1.3
.7
.6
1.2
2.2
1.5
2.4
1.7
2.9
2.2
1.7
1.0
17.8
5.9
1.0
.5
3.0
1.2
1.2
3.7
1.3
19.5
6.9
1.3
1.0
2.2
1.5
1.4
4.0
1.2
20.8
8.3
.6
.1
.6
6
.3
4.2
11
17.0
5. 1
.9
.8
3.0
1.3
1. i
3.7
1.3
Northwest
2.4
2.5
2.7
2.3
Far West
California
Washington
9.8
8.2
1.0
10.9
9.3
1.1
9.8
8.4
.9
12.4
10.6
1.3
1. Data compiled for 1952 from tabulations of sea and air passenger manifests; for 1954 from
elers.
passenger manifests for sea travelers and from customs baggage declarations for air travel
For grouping of states into areas, see August 1952 issue of SURVEY OF CURRENT BUSIN ESS,
page 11.
Source: U. S. Department of Commerce, Office of Business Economics.
Travel is one of the major sources of dollar exchange for
foreign countries. In 1954 travel expenditures accounted
for 7 percent of total foreign dollar receipts through the sale
of goods and services to the United States. For Europe
alone, earnings from United States travelers of $520 million
accounted for over 10 percent of dollar earnings from the
United States. Moreover, the increase in these earnings
from the previous year has offset in part the decline in the
value of merchandise sold by Europe to the United States,
thus contributing to the stability of European dollar receipts.
International travel is, however, not a one-way movement.
Foreign travel expenditures in the United States exceeded
half a billion dollars per year since 1952. Including earnings
on fares paid by foreigners to American carriers, United
States receipts in 1954" amounted to $608 million. About
half of these receipts are from Canadians, and nearly onethird from Latin Americans. Expenditures by Europeans
in the United States are still small but rose rapidly from 1953
to 1954, reflecting the improved dollar position of European
countries.
By Charles F. Schwartz and Robert E. Graham, Jr.
Personal Income by States, 1929—54
l EW estimates of income by States for the years 1929-54
Ni
are presented in this report. Conforming to the concept of
"State personal income/7 they replace the income payments
series carried regularly in past years in the August SURVEY
OF CURRENT BUSINESS; estimates on the latter basis will no
longer be prepared.
In addition to a number of definitional changes entailed
in shifting from the income payments to the personal income
concept, the new figures incorporate a complete reworking of
the statistics back to 1929. This is the first complete revision
of the official State income work since its inauguration in the
late 1930's.
State personal income conforms with the United States
personal income series included in OBE's national income and
product accounts. Statistically, the State and national estimates are in full agreement; conceptually, they differ in only
one respect. This pertains to the exclusion from the State
series of income disbursed by the Federal Government to its
civilian and military personnel outside the continental
United States.
Now in preparation is a comprehensive bulletin on State
personal income that will appear next year as a supplement
to the SURVEY OF CURRENT BUSINESS. It will provide a
description of definitions and concepts, a detailed record of
the procedures and data used in deriving the estimates,
breakdowns of the State personal income totals by type and
by industry for all years since 1929, and an analysis of principal changes in the geographic income distribution over the
past quarter of a century.
The present report gives a brief discussion of State personal income and of the conceptual and statistical changes
that have been introduced. As to the estimates themselves,
both total income and per capita income are shown by States
for all years from 1929 to 1954. A third basic table provides a cross-sectional view of State income flows in 1954—
a breakdown of each State's total personal income by major
type and industry. In addition, there is included a table
of percentages to facilitate use and analysis of the figures
on total and per capita income.
Besides the 48 States and the District of Columbia, OBE's
regional income work covers the Territory of Hawaii. The
Territorial estimates, as shown in the present tabular material, span the period since 1939. They are based on a comprehensive study, Income of Hawaii, published as a supplement to the SURVEY OF CURRENT BUSINESS in late 1953.1
The regional classification of States shown in this report—
the same one used by OBE in past years—has been found
quite suitable for the presentation and anah^sis of income
1. Undertaken at the request of the Territory, the Hawaiian income study furnishes esti^
mates for the years 1939-52 of personal income (by type and by industry), disposable personal
income, employment, average annual earnings of employees, and total output. Detailed
estimates of Hawaii's 1953 and 1954 income flows are available on request.
Income of Hawaii is available from the Superintendent of Documents, Government Printing
Office, Washington 25, D. C., or from Department of Commerce Field Offices at 55 cents
a copy.
12
data. For the convenience, however, of those who may
prefer to work with the classification of the Bureau of the
Census, the tables in this report also provide a grouping of the
State data according to the nine Census geographic divisions.
Nature of State personal income
State personal income is the current income received by
residents of the States from all sources, inclusive of transfers
from government and business but exclusive of transfers
among persons.
It is measured before deduction of income and other direct
personal taxes, but after deduction of individuals' contributions to social security, government retirement, and other
social insurance programs. While cash income makes up the
overwhelming bulk of the total—more than 95 percent on a
national basis—personal income also includes several types
of nonmonetary income, or income in kind.
As specified in the definition, the personal income flow
covers "all sources." This phrase signifies the comprehensiveness of the measure. This is so fundamental to an understanding of the concept of personal income as to warrant
special emphasis.
Personal income covers the income received by residents of
each State from business establishments, Federal and State
and local governments, households and institutions, and
foreign countries. All forms of income flowing to persons
from these sources are included—wages and salaries, various
types of supplementary earnings termed "other labor income/' the net incomes of proprietors of unincorporated
businesses, net rental income, dividends, interest, and government and business "transfer payments" (consisting, in general,
of disbursements to individuals for which no services are
rendered currently).
The wage and salary component of each State's personal
income comprises payments made in every branch of private
industry—manufacturing, trade, public utilities, services,
farming, and so forth—and by the Federal and State and local
governments, including military disbursements received in
the State. Similarly, the proprietors' income category measures the net business earnings of farm operators, of professional persons in independent practice, and of noncorporate
business establishments in all other types of pursuits. The
inclusion, in addition to wages and salaries and proprietors'
income, of returns on property and of numerous other t}Tpes
of disbursements by government and business furnishes a
complete measure of the personal income flow in each of the
States. All in all, the personal income series is the most
NOTE.—MR. SCHWARTZ AND MR. GRAHAM ARE MEMBERS OF THE
NATIONAL INCOME DIVISION, OFFICE OF BUSINESS ECONOMICS.
M/UOR CONTRIBUTIONS TO THE STATE INCOME PROJECT WERE MADE
BY LAWRENCE GROSE AND SELMA F. GOLDSMITH. OTHERS OF THE
DIVISION STAFF WHO PARTICIPATED IN THE SUBSTANTIAL VOLUME
OF STATISTICAL WORK INCLUDE HERMAN I. LIEBLING, CHARLES J.
LIBERA, JAMES M. LAZARD, AND EDWIN J. COLEMAN.
September 1955
SURVEY OF CURRENT BUSINESS
comprehensive available record of differences among States
in economic structure and change.
The estimates presented in this report were constructed
from a wide variety of statistical information ranging over
most phases of the various State economies. This consisted
very largely of compilations by government agencies, although data were drawn directly from numerous private
sources as well. The statistical work thus consisted of a
two-fold task: assembling data from a multiplicity of sources
and then adapting them, through estimation, in a step-bystep buildup of aggregate income from component flows.
Several hundred separate series of estimates went into the
derivation of the State personal income totals. This detailed approach was followed in order to take advantage of
available sources of information and thus to minimize errors
stemming from the estimation of broad components on the
basis of data differing in scope or internal composition.
Moreover, it brings into play the potent factor of "offsetting
errors." The tendency for errors in underlying components
to compensate in the totals is a phenomenon observed repeatedly in the field of national income when a detailed,
careful statistical procedure is followed.
Much of the worksheet detail included in State personal
income, it will be recognized, is therefore not sufficiently reliable to warrant separate analysis. Nonetheless, the statistical approach employed has the additional advantage of
yielding a considerable amount of useful information on
State income by type and by industry.
IMPROVEMENTS IN THE NEW SERIES
Revision of the State income estimates, a major project
that extended over a period of years, had three principal
objectives. These included (1) modification of definitions
in line with the personal income concept, (2) adjustment of
the State series to conform statistically with the national
estimates of personal income, and (3) improvement of the
statistical basis of the State estimates.
Changes in definition
State personal income, like State income payments, is essentially a measure of the income flow to individuals. It
includes, however, a number of changes in definition. Most
important are that State personal income provides broader
coverage of income in kind and has a different treatment of
transactions under private pension, health, and welfare
plans.
Two major items of income in kind counted in State personal income but not State income payments are the net
rental value of owner-occupied dwellings and the value of
food and clothing furnished members of the armed forces.
With regard to private pension and related transactions, the
new State series includes the contributions made by employers under such plans; treatment in the old series, while
statistically inadequate, was roughly tantamount to measuring pension payments net of the contributions made by
employees. Certain other changes in definition introduced
into the State estimates will be brought out later in the
article.
On balance, it may be said that the new definitions provide
a coverage of the personal income flow that is at once both
somewhat more comprehensive and more precise.
13
Adjustment to national estimates
The new State series has been coordinated with the revised
statistics of United States personal
income published in the
1954 edition of National Income 2 (as extended in the July
1955 SURVEY). Apart from the definitional difference already noted in respect to income disbursed overseas by the
Federal Government, the State series has been tied fully to
the national estimates by using them as a statistical framework in preparing State breakdowns of personal income by
detailed components.
Attainment of such complete statistical correspondence
will facilitate many analyses requiring the joint use of OBE's
regional and national data.
Statistical revision of State series
As already indicated, the State personal income data embody a thorough reworking of the estimates. In preparation
of the detailed components, much of the work underlying
the former income payments series was found useful; but
opportunity was taken to incorporate many additional data
sources and improved estimating techniques. The results of
the State project are a counterpart to the advance in national
income and product statistics in the past few years that
culminated in the revisions presented in the 1954 National
Income supplement.
Several features of the new State work may be pointed
out briefly. These pertain to the estimates of (a) wages and
salaries in the broad area of the economy covered by social
security laws, (6) farm proprietors' income, and (c) nonfarm
proprietors' income.
Wages and salaries in "covered" industry.—In the preparation of wage and salary disbursements by industry for the
period since 1938, fuller and more precise use was made of
information provided as a byproduct of the administration
of the social security programs. This information consisted,
most importantly, of payroll data compiled by the Bureau
of Employment Security from tabulations by the State
unemployment insurance agencies of reports received from
all covered employers. The UI data were supplemented by
special tabulations of the Bureau of Old-Age and Survivors
Insurance furnishing data on wages in the small-sized firms
covered under OASI legislation but excluded from unemployment insurance coverage by the varying size-of-firm provisions of the State laws. Such combined use of UI and
OASI wage data yielded complete measures of covered
industry payrolls in the various States.
Farm income.—The State personal income figures include
a special series of estimates on the net income of farm proprietors. It was prepared jointly by the National Income
Division and the Agricultural Economics Division of the
Agricultural Marketing Service. Although the preliminary
product of a large, longer-term project now under way in
the Agricultural Economics Division, this new series represents the first systematic, detailed estimation of farmers' net
income by States on an annual basis for the whole period
since 1929. It is a distinct improvement over the farm
income figures contained in State income payments, particularly for the pre-1939 years.
Nonfarm proprietors' income.—The estimates of nonfarm
proprietors' income included in State personal income likewise reflect a new and substantially improved statistical
effort. Two broad segments of this area may be differentiated with respect to source materials and methods used:
professional services and business. The former segment
covers the net income of self-employed physicians, dentists,
2. This basic report may be obtained ($1.50 per copy) from the Superintendent of Doculents, Government Printing Office, Washington 25, D. C., or from Department of Comme
lerce Field Offices.
me
SURVEY OF CURRENT BUSINESS
14
September 1055
Table 1.—Personal Income, by
[Millions of dollars]
Line
1
State and region
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
85, 661 76, 780 65, 597 50, 022 47, 122 53, 482 60, 104 68, 363 73, 803 68, 433 72, 753 78, 522
Continental United States
2 New England
3
Connecticut
4
Maine
5
Massachusetts
New Hampshire
6
7
Rhode Island
8
Vermont
7,125
1, 641
479
3, 862
322
596
225
9 Middle East
Delaware
10
11
District of Columbia
12
Maryland
_ _
New Jersev
13
14
New York
Pennsylvania
15
West Virginia
16
6,588
1,493
460
3,588
302
540
205
5,881
1,310
396
3,259
263
485
168
4,699
1, 017
309
2, 650
204
390
129
4,413
964
307
2, 442
200
379
121
4,836
1,079
342
2, 652
229
402
132
5, 152
1, 173
358
2, 804
238
433
146
5,799
1, 345
420
3, 127
258
484
165
6,015
1, 442
425
3, 204
272
502
170
5,530
1, 295
396
2, 954
259
465
161
5,940
1, 415
417
3, 162
274
500
172
6,398
1,566
444
3, 385
285
534
184
28, 259 26, 292 22, 769 17, 686 16,475 18, 277 19, 596 22, 357 23, 484 21, 866 23, 070 24, 726
270
241
240
144
201
236
174
203
186
215
140
157
807
735
699
592
539
604
689
716
615
616
476
523
943 1, 076 1, 164 1, 118 1, 186 1, 309
1,260 1, 176 1, 060
787
891
858
3,714 3,495 3,071 2, 440 2, 172 2, 364 2, 565 2, 910 3, 068 2, 869 3, 100 3,433
14, 105 13, 186 11, 379 8, 849 8,322 9,070 9,669 10, 914 11,339 10, 708 11, 152 11, 713
7, 531 6, 904 5, 846 4, 406 4, 122 4, 721 5,049 5, 850 6, 207 5, 553 5,933 6, 417
777
712
723
678
754
604
794
450
456
623
703
551
9,196
856
564
753
1, 015
1,020
866
570
1, 046
470
982
1, 054
7,846
705
415
683
897
853
753
407
929
421
850
933
6,880
589
386
589
750
766
676
346
789
358
732
899
5,205
427
284
478
584
563
514
252
603
275
534
691
5,321
440
287
440
602
554
493
266
678
305
560
696
6,284
550
333
537
712
624
573
339
809
360
667
780
6,955
584
380
592
789
720
638
361
894
399
728
870
8,005
679
452
726
895
803
731
461
986
451
836
985
8,696
723
470
813
946
930
786
459
1,088
482
918
1,081
8,183
677
436
801
897
819
790
426
1,018
456
841
1, 022
8,802
704
471
892
967
855
834
444
1, 111
511
886
1, 127
9,610
801
501
982
1, 060
914
861
474
1, 171
584
995
1,267
4,254
254
171
1,077
2, 752
3,648
223
142
884
2, 399
3,069
182
125
718
2, 044
2,303
134
92
516
1, 561
2,276
128
94
530
1, 524
2,573
151
112
590
1,720
2,961
176
136
699
1, 950
3,360
201
163
749
2, 247
3,810
223
178
861
2, 548
3,684
218
171
797
2, 498
3,820
231
184
805
2, 600
4,090
248
199
867
2, 776
17
18
19
20
21
22
23
24
25
26
27
28
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
29
30
31
32
33
Southwest
Arizona
New Mexico
Oklahoma
Texas
34
35
36
37
38
39
40
41
42
Central
Illinois
Indiana
Iowa
Michigan
Minnesota
Missouri
Ohio
Wisconsin
43
44
45
46
47
48
49
50
51
52
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
3,965
642
225
999
312
811
253
288
284
151
3,536
603
222
882
271
713
208
248
257
132
2,788
501
168
751
207
568
124
166
194
109
2, 109
380
124
504
182
424
119
130
160
86
1,928
380
106
471
162
382
98
89
156
84
2, 156
397
179
532
197
352
119
122
164
94
2,848
477
189
668
260
552
178
202
206
116
3,007
586
228
713
264
529
152
160
245
130
3,214
586
212
782
284
548
209
209
238
146
3,063
564
216
704
284
533
180
205
241
136
3, 130 3,392
617
578
242
226
762
694
318
294
578
521
224
202
230
219
269
251
152
145 !
53
54
55
56
57
Far West
California
Nevada
Oregon
Washington
7,394
5, 502
79
647
1, 166
6,791
5,079
76
593
1,043
5,755
4,347
61
496
851
4,444
3,381
52
373
638
4,231
3,227
48
355
601
4,781
3,590
52
432
707
5,346
4,020
65
464
797
6,407
4, 817
83
568
939
6,808
5, 132
77
591
1,008
6,743
5, 088
80
580
995
7,034 7,767
5, 257 i 5,839
99
90 i
677
629
1, 058 | 1, 152
58
Territory of Plawaii
_ „
___ _ _
25, 468 22, 079 18, 455 13, 576 12, 478 14, 575 17, 246 19, 428 21,776 19, 364 20, 957 22, 539
7,280 6, 235 5, 187 3, 780 3,434 3,945 4, 484 5, 112 5, 743 5, 116 5, 566 5, 964
982 1, 184 1,397 1, 608 1, 838 1,605 1, 767 1,898
1, 973 1, 681 1, 431 1,022
971 1, 270 1, 136 1, 183 1, 272
735
1, 419 1,255
673 1,052
633
988
3,803 3, 186 2,593 1, 882 1,668 2, 167 2, 554 3, 014 3, 389 2, 891 3, 215 3, 610
964 1, 214 1,285 1,469 1,359 1, 432 1,467
961
832
1, 539 1,423 1, 198
2,275 2,073 1,838 1,379 1,276 1,394 1, 602 1, 778 1, 928 1, 809 1,914 1, 982
5, 178 4, 472 3,804 2,716 2,631 3,087 3, 523 4, 060 4, 432 3,863 4,265 4, 606
2,001 1, 754 1, 416 1, 101 1,022 1, 161 1,420 1,600 1,707 1,585 1, 615 1,740
218
246
Bureau of the Census
Geographic Divisions
59
60
61
62
63
64
65
66
67
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
7, 125 6,588 5, 881 4,699 4,413 4,836 5, 152 5,799 6,015 5,530 5, 940 6,398
25, 350 23, 585 20, 296 15, 695 14, 616 116, 155 17, 283 19, 674 20, 614 19, 170 20, 185 21, 563
20, 235 17, 328 14, 431 10, 501 9, 737 11, 544 13, 378 15, 394 17, 109 15, 06Q 16, 428 17, 818
7, 584 6,802 5, 633 4,252 3,781 ! 4, 156 5,468 5, 588 6,415 5,926 6, 165 6,515
7,247 6, 570 5, 858 4,622 4, 580 5, 320 5,857 6,726 7,280 6,890 7,493 8,227
3,428 2,815 2,433 1,776 1, 820 2, 180 2, 393 2,779 3,030 2,763 2,889 3, 184
5,259 4,451 3,824 2,875 2, 834 3, 216 3, 667 4, 179 4,665 4,521 4, 710 ! 5, 005
2, 118 1,926 1,547 1, 210 1, 158 1,346 1, 625 1,900 1, 944 1, 910 1,999 2, 144
7,315 6,715 5,694 4,392 4, 183 4,729 5,281 6,324 6, 731 6,663 6,944 7,668
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
September 1955
15
States and Regions, 1929-54
[Millions of dollars]
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
95, 953 122, 417 148, 409 160, 118 164, 549 175, 701 189, 077 207, 417 205, 452 225, 464
Line
1951
1952
1953
1954
252, 945
268, 398
283, 388
285, 368
1
7,754
2,000
533
3, 970
347
685
219
9,522
2, 547
712
4,711
409
882
261
10, 892
2,857
876
5,392
446
1,028
293
11,274
2,883
878
5, 671
482
1,067
293
11,372
2,794
856
5, 823
513
1,067
319
12, 286
3,016
933
6, 342
567
1,066
362
13, 026
3,333
982
6, 581
615
1, 126
389
13, 950
3,528
1, 079
7,072
660
1, 191
420
13, 829
3,452
1,061
7,066
663
1, 173
414
15, 172
3,848
1,088
7, 800
704
1, 287
445
16, 775
4, 395
1, 188
8,508
780
1,410
494
17, 681
4, 748
1,292
8, 849
813
1, 470
509
18,716
5, 145
1, 316
9, 335
850
1,538
532
18,893
5, 159
1,328
9,466
883
1, 526
531
2
3
4
5
6
7
8
28, 783
315
921
1, 674
4,085
13, 209
7, 646
933
34, 295
356
1, 154
2, 254
5, 048
15, 206
9, 154
1, 123
40, 191
404
1, 339
2,709
6, 024
17, 752
10, 678
1,285
43, 517
424
1,346
2,870
6,520
19, 483
11, 470
1, 404
44, 991
431
1,414
2,829
6,558
20, 599
11, 641
1,519
48, 749
460
1,508
2,924
6,886
22, 712
12, 576
1,683
52, 029
500
1, 526
3, 046
7,268
23, 997
13, 756
1,936
56, 452
551
1, 600
3,310
7,877
26, 061
14, 877
2, 176
56, 555
599
1, 677
3,384
7,930
26, 144
14, 771
2,050
61,616
688
1, 768
3, 756
8,738
28, 002
16, 457
2, 207
67, 572
756
1,887
4, 329
10, 009
30, 122 1
18, 027
2, 442 |
71, 199
810
1, 937
4, 711
10, 786
31, 536
18, 881
2, 538
75, 311
869
1, 896
5,008
11,585
33, 325
20, 066
2,562
75, 863
880
1,885
5,045
11, 769
34, 228
19, 604
2, 452
9
10
11
12
13
14
15
16
12, 560
1,089
664
1,211
1,350
1, 118
1, 123
684
1,533
769
1, 290
1,729
17, 333
1, 520
934
1, 685
1, 836
1,498
1,508
970
2,063
1,089
1, 640
2, 590
21, 571
1, 880
995
2,459
2, 354
1, 854
2,008
1, 191
2, 515
1,262
2, 108
2,945
24, 074
2,058
1, 190
2,770
2,638
1, 986
2, 179
1,329
2,779
1,412
2,464
3,269
24, 861
2, 161
1,270
2, 895
2,724
2,067
2, 153
1,304
2, 892
1,428
2,592
3,375
25, 282
2, 162
1, 316
2,813
2,744
2, 235
2, 106
1,254
3, 198
1, 484
2,634
3,336
26, 480
2,33-7
1, 320
2, 903
2,890
2, 383
2,272
1, 395
3,372
1, 554
2,776
3,278
29, 061
2,542
1, 545
3,053
3,089
2, 719
2, 601
1, 564
3,621
1, 755
3,007
3, 565
28, 893
2, 429
1,438
3,210
3,098
2, 624
2,789
1,391
3,596
1, 700
2,992
3,626
32, 001
2,660
1, 532
3, 641
3,510
2,839
2, 937
1, 588
4, 114
1,859
3, 291
4,030
36, 472
3,031
1, 723
4, 073
4,052
3,332
3,243
1, 738
4, 615
2, 286
3, 637
4, 742
38, 858
3,220
1,759
4, 536
4, 321
3,520
3,529
1, 847
4, 748
2, 468
3,787
5, 123
40, 839
3,381
1,792
5, 035
4,528
3,656
3,741
1, 894
4, 955
2,527
4, 072
5, 258
40, 819
3,274
1, 760
5,313
4,460
3,620
3, 751
1,856
5,028
2, 414
4,074
5,269
17
18
19
20
21
22
23
24
25
26
27
28
4,988
309
238
982
3, 459
7,007
476
319
1,390
4,822
9,226
652
404
1,706
6,464
10, 160
640
457
1, 940
7, 123
10, 272
654
491
1,958
7,169
10, 578
669
509
2,000
7, 400
11,822
749
575
2, 166
8, 332
12, 905
839
650
2, 360
9,056
13,816
889
717
2,432
9,778
14, 668
978
797
2,517
10, 376
16, 860
1,225
938
2,818
11,879
18, 160
1,387
1,010
3,066
12, 697
18, 722
1,428
1,058
3, 165
13, 071
19, 084
1,468
1,079
3, 187
13, 350
29
30
31
32
33
27, 736
7, 153
2. 526
1,511
4,522
1, 678
2,463
5, 765
2, 118
34, 457
8,367
3, 209
2,014
5,812
2, 119
3,097
7, 166
2, 673
41, 026
9,772
3,899
2,321
7,269
2,404
3, 553
8,641
3, 167
43, 492
10, 743
4, 116
2, 258
7,570
2,519
3,814
9, 160
3,312
44, 743
11, 188
4,271
2,460
7, 215
2,788
3,984
9, 326
3,511
48, 982
12, 487
4,419
2,978
7, 743
3,213
4,459
9, 853
3,830
53, 680
13, 647
4,925
2, 986
8,832
3, 511
4,695
10, 880
4, 204
60, 791
15, 473
5,582
3,934
9,579
4,028
5,321
12, 227
4, 647
58, 356
14, 654
5, 398
3,403
9,522
3, 810
5,219
11, 736
4, 614
64, 402
15, 982
6, 007
3, 788
10,811
4, 170
5, 713
12, 895
5,036
72, 516
17, 768
6, 968
4, 059
12, 096
4,591
6,337
14, 910
5,787
76, 299
18, 544
7,336
4, 214
12, 877
4,742
6,672
15, 901
6, 013
81, 844
19, 595
8,081
4,099
14, 497
4, 992
7,038
17, 346
6, 196
81, 947
19, 812
7,769
4, 443
14, 172
5, 148
7, 122
17, 293
6, 188
34
35
36
37
38
39
40
41
42
4,223
728
298
976
388
697
321
332
195
6,001
1,010
435
1,502
467
1,010
381
443
518
235
7,296
1, 185
501
1,863
545
1,226
506
479
710
281
7,670
1, 195
555
2,052
550
1,302
535
534
652
295
7,953
1,317
546
1,992
568
1, 407
549
600
672
302
8,409
1,429
595
2,012
657
1,446
596
637
698
339
9,743
1,654
653
2,385
772
1,574
836
739
749
381
10, 503
1,760
706
2,416
866
1,851
802
888
796
418
10,016
1,794
706
2,397
791
1,699
678
690
821
440
11,181
1,935
755
2,650
955
1,949
777
798
890
472
12, 465
2, 289
840
2,958
1,038
2,039
794
930
1,030
547
13, 156
2,473
903
3,388
1,058
2, 167
737
804
1,088
538
13, 129
2,515
876
3,275
1,084
2, 103
742
868
1, 126
540
13,414
2,528
857
3,417
1, 070
2,234
753
895
1, 130
530
43
44
45
46
47
48
49
50
51
52
9, 909
7, 331
119
897
1, 562
13, 802
10, 010
215
1, 286
2, 291
18, 207
13, 281
227
1, 720
2,979
19, 931
14, 653
229
1,767
3, 282
20, 357
15, 194
233
1,740
3,190
21,415
16, 084
249
1, 874
3,208
22, 297
16, 637
258
2,071
3,331
23, 755
17, 612
273
2, 261
3,609
23, 987
17, 835
276
2, 235
3, 641
26, 424
19, 650
314
2,456
4,004
30, 285
22, 760
370
2, 742
4,413
33, 045
25, 025
429
2, 900
4,691
34, 827
26, 592
466
2, 906
4, 863
35, 348
27, 026
507
2, 881
4,934
53
54
55
56
57
341
612
778
1,028
1,009
719
721
725
685
689
796
864
889
888
58
9,522
29, 408
27, 227
10, 566
14, 150
5,628
8, 654
3, 675
13, 587
10, 892
34, 454
32, 748
12, 352
17, 272
7,033
11, 173
4, 505
17, 980
11,274
37, 473
34, 901
13, 014
18,912
7,837
12, 432
4,573
19, 702
11,372
38, 798
35, 511
13, 780
19, 507
8, 124
12, 550
4,783
20, 124
12, 286
42, 174
38, 332
15, 341
20, 150
8,285
12, 822
5, 145
21, 166
13, 026
45, 021
42, 488
16, 726
21, 005
8,891
14, 090
5,791
22, 039
13, 950
48, 815
47, 508
19, 240
22, 720
9,832
15, 562
6,308
23, 482
13,829
48, 845
45, 924
17, 896
22, 940
9,436
16, 437
6,434
23,711
15, 172
53, 197
50, 731
19, 845
25, 573
10, 378
17, 362
7,096
26, 110
16, 775
58, 158
57, 529
21, 708
29, 182
11, 738
19, 663
8,277
29,915
17, 681
61, 203
60, 671
22, 724
31, 192
12, 374
21,051
8,886
32, 616
18, 716
64, 976
65, 715
23, 117
32, 638
13, 003
21, 769
9,093
34, 361
18, 893
65, 601
65, 234
24,012
32, 746
12; 824
22, 048
9, 169
34, 841
59
60
61
62
63
64
65
66
67
288
\
7,754
24, 940
22, 084
7,934
10, 435
4, 181
6, 228
2, 607
9,790
SURVEY OF CURRENT BUSINESS
16
September 1955
Table 2.—Per Capita Personal
[Dollars
Lino
State and region
1929
1
Continental United States
2
3
4
5
6
7
8
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
909 1, 102 1,194
703
624
529
401
375
423
472
534
573
527
556
595
719
876
1,029
601
913
690
871
627
806
926
575
844
648
787
569
718
805
491
767
560
712
468
572
621
379
622
430
576
360
535
587
374
570
419
561
339
583
654
413
616
477
596
370
616
704
428
646
495
639
409
691
804
500
718
536
706
462
715
859
505
735
565
723
478
656
769
470
677
534
670
452
704
834
493
727
559
713
480
757
917 1,
523
784
579
743
507
903 1,104 1,276 1,313
142 1, 417 1, 590 1,601
626 850 1,087 1,091
902 1,074 1, 261 1, 300
707 849 967 1, 048
921 1, 134 1, 184 1,261
629 757 902 930
569
588
051
511
592
681
451
258
527
565
900
465
529
634
421
260
581
628
921
521
578
684
482
311
620 704
690 850
974 1,095 1,
545 617
628 713
723 810
517 599
337 389
738
929
162 1,
664
750
839
634
416
682
782
096 1,
633
700
792
562
371
718 767 892 1,071 1,276 1,399
916 1,004 1, 141 1, 267 1,438 1,483
117 1, 170 1, 205 1,364 1, 508 1, 561
661 712 873 1, 120 1,292 1, 331
751 822 960 1, 170 1, 432 1,563
825 870 995 1, 169 1, 379 1,536
599 648 771 942 1, 133 1, 240
387 407 495 613 738 822
9
10
11
12
13
14
15
16
Middle East
944 863 739
Delaware
1,017 849 769
District of Columbia
1, 273 1, 262 1, 198 1,
Maryland
777 719 640
931 859 745
New Jersey
N e w York
_
_ _ _ _ _ _ _ 1, 159 1,043 886
775 716 602
Pennsylvania
West Virginia
462 411 358
17
18
19
20
21
22
23
24
25
26
27
28
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
29
30
31
32
33
Southwest
Arizona
New Mexico
Oklahoma
Texas _
34
35
36
37
38
39
40
41
42
362
324
305
521
350
391
415
285
334
270
377
435
307
266
223
464
308
325
358
203
293
241
325
384
267
222
209
395
256
289
318
174
248
204
275
368
201
161
155
314
199
210
239
126
187
157
197
282
203
165
155
284
204
205
226
131
207
174
204
283
238
205
177
339
240
229
260
165
245
205
240
314
261
215
201
367
267
262
286
175
269
226
260
345
298
248
239
440
301
290
325
222
295
253
300
386
321
262
247
476
311
334
348
220
321
267
328
417
297
243
226
452
290
292
346
200
296
249
298
387
315
250
242
486
310
303
357
205
316
273
308
422
339
282
256
513
340
320
363
218
328
307
339
466
431
375
338
597
424
392
449
313
426
392
433
581
582
515
471
769
571
533
593
440
575
540
555
782
718 814
651 735
541 672
985 1,090
725 835
689 759
784 879
528 627
691 765
639 724
717 856
839 898
474
591
407
454
478
401
514
333
368
411
334
424
287
299
346
250
315
209
216
262
245
300
209
222
253
276
353
243
247
284
314
406
286
293
318
354
454
333
317
363
399
492
354
369
408
384
468
333
343
396
394
477
352
345
409
418
497
375
373
432
506
628
471
434
524
698
898
628
624
712
892 1,010
986 1,036
758 869
774 944
931 1, 038
Central
Illinois
Indiana
Iowa
Michigan _
Minnesota
Missouri
Ohio
Wisconsin
753
957
612
577
793
598
628
781
682
649
816
519
507
659
552
569
671
595
539
675
439
398
540
458
495
568
474
394
489
311
295
394
363
368
404
364
361
442
297
254
349
311
338
390
336
420
508
357
268
452
358
368
457
380
495
575
419
417
528
447
422
519
463
555
652
480
387
616
470
468
597
519
620
731
545
508
682
535
508
651
553
549
650
474
455
572
494
478
565
512
590
705
519
469
624
517
506
619
517
629
754
553
501
679
526
524
665
554
769 955 1,170 1,247
895 1,039 1,258 1, 392
726 913 1, 132 1, 198
607 825 995 984
827 1,047 1,347 1, 387
617 796 935 998
646 809 962 1,073
829 1,028 1, 259 1, 322
675 872 1,053 1, 115
43
44
45
46
47
48
49
50
51
52
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
542
637
503
535
595
590
375
417
559
677
478
580
497
468
503
517
305
358
505
584
375
474
370
399
383
410
182
239
378
476
283
356
270
268
337
306
176
188
309
374
259
355
228
251
299
276
145
129
300
365
289
369
378
285
361
255
177
179
314
403
382
442
393
357
473
401
266
300
392
489
403
538
461
381
477
390
229
240
465
542
432
531
418
421
513
409
319
319
450
601
413
507
421
382
514
402
278
316
450
553
422
516
434
380
530
395
314
340
462
585
459
546
464
426
570
439
350
359
487
608
584
648
594
552
715
548
522
470
603
783
53
54
55
56
57
Far West
California
Nevada
Oregon
Washington
910
995
878
683
750
816
889
826
620
665
680
746
649
513
538
520
574
542
384
403
490
541
500
363
378
546
592
531
439
439
600
651
650
464
489
703
760
822
554
568
727
786
748
564
600
708
764
762
544
586
726
775
841
582
617
785 966 1,256 1,514 1,557
840 1,009 1,281 1, 540 1,582
876 975 1,547 1,493 1,477
623 838 1, 140 1,401 1,415
662 871 1, 203 1,473 1,535
58
Territory of Hawaii
525
577
749 1, 087 1, 186 1,239
704
733
621
456
426
270
363
487
725
757
783
667
483
459
294
383
516
784
903 1, 104 1,276 1,313
909 1,088 1,300 1,436
817 1,003 1, 237 1,316
597 805 967 1,046
561 733 869 948
383 516 653 753
467 640 825 944
638 887 1,035 1,072
966 1,253 1,514 1,558
_ _
_
_ _ _
838 1,017 1,090
891 1,030 1,063
904 1, 004 1,080
849 1,034 1, 164
896 1, 128 1, 168
811 993 1,072
654 927 1,002
742 816 950
890 1, 132 1,058
944 1, 142 1, 229
Bureau of the Census
Geographic Divisions
59
60
61
62
63
64
65
66
67
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
__
_
876
979
803
572
462
348
436
580
911
806
895
684
510
415
284
365
519
815
Source: U. S. Department of Commerce, Office of Business Economics.
718
761
568
419
367
244
311
412
680
572
584
411
315
288
177
233
321
520
535
541
380
279
283
180
228
305
490
583
595
449
306
324
213
257
351
546
616
635
518
401
354
232
290
419
600
691
720
593
411
402
268
329
482
701
715
753
656
474
429
291
366
486
727
656
695
574
439
399
262
352
473
707
SURVEY OF CURRENT BUSINESS
September 1955
Income, by States and Regions, 1929-54
[Dollars]
1945
1946
1947
1948
1949
1950
1951 | 1952
1953
1954
Line
1, 234 1,249 1,3161,4201,382 1, 491 1, 649J1, 723J1, 790 1, 770
1
1,336
1,568
1,067
1, 351
1, 106
1, 267
1,013
1,379
1,578
1, 117
1,398
1, 145
1, 349
1, 058J
1,4381,511 1,474 1,6251,81611,897 1, 949 1, 935
1, 693 1 752 1, 699 1, 9032, 191 J2, 323 2, 4232, 361
1, 1501, 229 1. 175 1, 1921,3231,485 1, 501 1, 492
1,4341,5131,490 1, 660 1, 835 1, 887 1, 928 1, 922
1, 208 1, 269 1, 244 1, 32311, 49111, 531 li 560 1, 605
1,4361,513 1, 464 1, 6291, 7691, 808 1, 842 1, 823
1, 0991, 170 1, 122 1, 17711, 3101, 361 1, 400 1, 408
2
3
4
5
6
7
8
l,459i
1, 507
1, 635
1,318
1, 591
1, 644
1, 268
890
1,474
1, 533!
1, 689
1,313
1, 529
1, 691
1, 273
921
1,5241,6181,591 1,7221,8811,964 2, 036 2, 000
1, 634|1, 766 1, 896 2, 15012, 270 2, 355 2, 448 2, 372
1, 748U, 905 2, 078 2, 191 2, 30412, 33912, 241 2, 220
1, 35011, 4581, 453 1, 5901, 773|l, 889 1, 97911, 940
1, 5701, 6501, 622 1,7962,00112, 107 2,2392,219
1, 715 1, 7981, 756 1, 879 2, 006 2, 077J2, 150 2, 163
1, 348 1, 446 1, 422 1,5661,7471,835 1, 893 1, 785
1, 029 ., 146 1, 062 1, 098; 1, 2201, 274 1, 285 1, 232
9
10
11
12
13
14
15
16
874 957 936 1, 004 1, 124 1, 186 1, 241 1, 233
794 856 810 868 9941,077 1, 121 1, 091
719 847 780 802J 906 948 981 979
1, 143|1, 184 1, 203 1, 30511, 382 1, 467 1, 585 1, 610
884 948 932 1, 017 1, 146 1, 208 1, 2701, 237
850 965 921 960 1, 1271, 193 1, 235 1, 216|
881 1, 002 1, 059 1,0891, 17811, 241 1, 304 1, 302
662 753 667 729^ ' 793 844 878 873
894 944 919 1,01111, 1181, 14511, 181 1, 190
779 879 838! 877 1, 04511, 108;i, 122 1, 063
876 935 925 997 1, 08511, 132J1, 225 1, 212
1, 0021,
112 1, 101 1, 215 1, 373 1, 446 1, 473! 1, 480
i
17
18
19
20
21
854
780j
845
744
722
729
1, 151 1, 137
882
794
844
811
892
829
627
821
605
858
743
902
946
763
856
990
!
22
23
24
25
26
27
28
i
1,030 1,006 1, lOOll, 1721, 246 1, 285 1, 413 1, 486 1, 52611,
1, 107 1, 083 1, 1491, 2161, 245 1, 295J1, 5551, 639 1, 597 1,
926
906
9881,0761, 113 1, 165^1,2921, 348il, 3791,
967
939 1, 015J1, 1301, 155 1, 127 1, 237 1, 360:1, 439 1,
1, 051 1,0281 1, 128!1,
i 1881, 283 1, 341 1, 4601, 51811, 5551,
7
i
|
7
j
7
|
7
7
544
582
387
466
574
29
30
31
32
33
;
1,288
1, 470
1, 248
1,069!
1, 319
1, 100
1, 134
1 , 349
1, 186
1,310
1, 530
1, 193
1,207
1, 318
1, 174
1, 186
1, 311
1, 209
1, 401 1, 555 1, 469
1, 6361 , 809 1, 690
1, 303! , 440 1, 364
1,190 ,54711,320
1, 454 , 54211,
504
1, 256 . 404-!1, 298
1, 221 1, 384 1, 344
1,412 1, 5521, 472
1, 294 1, 402 1, 361
1, 605 1, 788 1, 856 1, 957|1, 920
1,8262,0132,081 2, 168|2, 155
1, 522 1, 702 1, 768 1, 93611, 834
1, 442| 1, 550 1, 593 1, 539il, 667
1, 684! 1, 860 1, 941 2, 124j2, 017
1, 39211, 524 1, 558| 1, 624 1, 644
1. 444 1, 566J1, 671:1, 732 1, 747
1, 616 1, 855 1, 9262, 05011, 983
1,4601, 6941, 726|l,762j 1,706
34
35
36
37
38
39
40
41
42
1,
1,
1,
1,
1,
1,
1,
,
,
,
1,148
1, 195
1, 169
1, 116
1, 278
1, 151
1, 046
1, 083
1,094
1, 340
1, 303 1, 377 1, 278 1, 392 1, 554 1, 613 1, 580 1, 583
1, 338 1, 394 1, 385 1, 449 1, 739 1, 809 1, 750 1, 686
1, 251;1, 28l!l, 239 1,275|1, 43811, 5491, 4751, 433
1,28811, 277;1, 245 1, 378 1, 516 1, 71911, 653 1, 689
1, 4571, 59811, 390 1,60211, 75611, 76311,7681, 729
1, 2431, 4631, 305 1,4681, 5481, 624J 1,554! 1,635
1,44611, 3831, 136 1, 255.1, 3101, 1931, 1831 1, 186
1, 232 1, 451 1, 094 1, 2201, 4161, 222 1, 311 1, 332
1, 1781, 2191, 224 1, 281 1, 453 1, 48611, 503 1, 483
1, 488 1, 554 1, 588 1, 622jl, 886 1, 830 1, 843 1, 779
43
44
45
46
47
48
49
50
51
52
1,585 1,6331,7111,687 1,7981,9852,072 2,1222,094
1, 654 1, 678 1, 750 1, 725 1, 8502, 0552, 138 2, 1942, 162
414
1,717! 1, 732!l, 7501, 758 1,9382, 1892, 344 2, 3902,
1, 396! 1, 518'l, 6091, 562 1, 607 1, 749 1, 814 1, 794!|1, 757
1,395 1,497! 1,600! 1,587 1, 677 1, 806 1, 905 1, 960J1, 949
53
54
55
56
57
1,328 1,312 1,384-1, 41 1\1, 3*4 /, 403-1, OS611, 721\1, 740\1, 704
j
|
58
142
183
114
159
191
163
009
047
128
258
,535
, 580
1, 585
1, 381
1, 425
1
1,
1,
1,
1,
336
502
346
112
1,
1,
1,
1,
994 1,
379
516
349
164
007
787
964
766
938
1, 143 1, 160
1,534 1,583
j
1,4381, 511 1,474 1,6251, 8161, 897J1, 949ll, 935
1, 562 1, 651 1, 619 1. 75711,9172,0012,0782,043
1, 457 1, 593 1, 514 1, 661:1, 863 1, 930 2, 052 1. 989
1,2441,41411,292 1, 407 1, 528 1, 593 1, 603 1, 648
1,04211, 125 1, 113 1, 204 1, 336 1, 402J1, 452! 1, 438
807| 888 845 902il,0171, 07911, 13511, 118
1, Oil 1, 101 1, 157 1, 191' 1, 305 1, 374^1, 423 1, 438
1, 2691, 334! 1, 314 1, 389 1, 600 1, 660:1, 641:1, 611
1, 632 1, 711 1, 686 1, 796 1, 9832, 0692, 1182, 090
3 5 4783°—5 5
3
59
60
61
62
63
64
65
66
67
17
lawyers, accountants, and other types of independent professional practitioners.
State distributions of total net income in the various
professions were prepared as the product of (1) number and
(2) average net income of persons engaged in independent
practice. Basic data on the former item were obtained from
the decennial Census of Population and records of the professional associations. For average net income, principal
reliance was placed on data collected in OBE's periodic
questionnaire surveys and in the 1950 Census of Population.
For the "business" segment—about four-fifths—of nonfarm proprietors' income, first approximations of annual
totals by States were derived as the summation of separate4
estimates for about 50 industries. These estimates were
prepared through distributions, or allocations, of independent
national totals. Of necessity, the distributions were developed in very large degree from information not fully or
directly relevant to noncorporate business net income, such as
sales, number of proprietors, value added, and payrolls.
Also for lack of data, it was frequently necessary to assume
that (within the detailed industry framework adopted) relationships found to prevail nationally would also be valid
State by State.
For this broad area of nonfarm self-employment, which
has been covered by the OASI law since 1951, it was possible
to adjust the preliminary, sum-of-Industry estimates to
special benchmark information provided by the Bureau of
Old-Age and Survivors Insurance. This information consisted of sample data by States showing for 1951 and 1952
the total and average net incomes from self-employment of
persons covered by old-age arid survivors insurance.
On the whole, the adjustments required to bring the sumof-industry totals into line with the 1951-52 OASI data
were rather moderate. Nonetheless, these data mark a significant step forward in the work. They provide the first4
comprehensive check on the results of estimating State
proprietors' income on the basis of indirect data and procedures, and they point towards an important new data source
for the future.
Comparison with State income payments
For those who have followed the State income payments
work, immediate interest centers on the extent of change
made by State personal income. This can be measured
simply by comparing the percentage distributions by States
of the Nation's income shown by the new and old series.
From such comparisons examined for 1929, 1940, 1950, and
1953, it is readily apparent that the new series modifies in
only moderate degree the recent-year distributions arid longterm shifts which had been shown by State income payments.
In all 4 years the percent of total income received in the
various States as recorded in the personal income data
differs by 5 percent or less in nearly all instances from that
based on in come payments. The 1929 and 1953 revisions, it
may be noted, are opposite in direction in some States, but
they still do not alter significantly the previously indicated
long-run changes.3
To this generally favorable outcome, 2 qualifications must
be added.
First, differences between the new and old State series run
generally larger in the 1930's and are sizable in a few years
for some of the Central and Northwestern States. This development, which was not unexpected, is traceable mainly to the
farm income component. As already indicated, this component of income payments was statistically weak for the
pre-1939 period.
3 The above comparisons, it will be recognized, combine the effects of both conceptual and
statistical revisions. Upon analysis of the 1950 data, it was found that the difference.? between
the two series were very largely statistical. On balance, the changes in definition introduced
into the personal income estimates had small effect on the relative State distribution.
SUEVEY OF CUKEENT BUSINESS
18
The second qualification to be borne in mind is that the
general similarity found in the overall totals does not extend
to many of the individual components. Differences in
type-of-income or industrial detail sometimes turned
out to
be large, although tending to offset in the totals.4
September 1955
It remains to be added that measurement of component
flows has been sharpened markedly in the new series. For
this reason, State personal income should prove a more
useful, reliable tool for business and economic analysis.
Table 3.—Changes in Total and Per Capita Personal Income, by States and Regions, Selected Years, 1929-54
Total personal income
Percent of continental United States
State and region
1950 to
1954
1953 to
1954
100. 00
233
263
27
1
100
100
100
100
6.62
1.81
.47
3.31
.31
.53
.19
165
214
177
145
174
156
136
195
229
199
180
210
186
189
25
34
22
21
25
19
19
1
0
1
1
4
-1
0
125
146
85
130
98
124
89
127
154
88
132
97
125
85
110
126
89
112
92
108
85
109
128
80
111
89
109
79
26.58
1
1
129
169
197
120
138
146
109
68
118
123
135
105
122
135
102
74
115
144
147
107
120
126
105
74
1946
1950
1954
100.00
100.00
100. 00
100. 00
8.32
1.92
56
4.51
.38
.69
.26
8.15
1.99
.57
4.32
.36
.68
.23
6.99
1.72
.53
3.60
.32
.61
.21
6.73
1.71
.48
3.46
.31
.57
.20
Middle East
Delaware
District of Columbia - _
Maryland
New Jersey
New York
Pennsylvania
West Virginia
32.99
31.49
.34
1.03
1.67
4.37
14.92
8.17
.99
27.75
27.33
.28
.72
1.47
4.33
16.47
8.79
.93
Southeast
Alabama
Arkansas
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South o arolina
Tennes ee
Virginia
10.74
1.00
.66
.88
1.18
1.19
1.01
.67
1.22
.55
1.15
1.23
12.24
1.02
.64
1.25
1.35
1.16
1.10
.60
1.49
.74
1.27
1.62
4.97
.30
.20
1.26
3.21
29.73
_____
_ __ _
___
-___
__
__
Southwest
_
Arizona
_ _
__
New Mexico
Oklahoma
_ ___
Texas
Central
Illinois
Indiana
Iowa
Michigan
Minnesota
Missouri
Ohio
Wisconsin
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota
South Dakota
Utah
Wyoming
_____
- _
.
Far West
California
Nevada
Oregon
Washington
_ _
_ _
-
Percent of continental United States
1940 to
1954
1940
Continental United States
Percent change
1929 to
1954
1929
N e w England,.
Connecticut
M aine
Massachusetts
New Hampshire
Rhode Island
Vermont
_
Per capita personal income
1940
1946
1950
1929 to
1954
1940 to
1954
1950 to
1954
100
152
197
19
109
133
84
109
91
103
80
121
129
148
111
133
109
125
156
157
185
145
177
145
178
19
24
25
16
21
12
20
113
134
125
110
125
122
101
70
112
133
74
150
138
87
130
167
161
136
90
172
170
149
175
203
16
10
1
22
24
15
14
12
-2
23
26
-1
-3
0
2
1954
.31
.78
1.67
3.87
12.42
7.30
.98
.31
.66
1.77
4.12
11.99
6.87
.86
168
267
207
300
217
143
160
209
207
226
134
285
243
192
206
216
23
28
7
34
35
22
19
11
1
2
3
-2
-4
134
145
181
111
132
165
110
66
14.38
1.23
.75
1.60
1.56
1.27
1.20
.71
1.82
.84
1 50
1.90
14.19
1.18
.68
1.61
1.56
1.26
1.30
.70
1.83
.82
1.46
1.79
14.30
1.15
.62
1.86
1.56
1.27
1.31
.65
1.76
.84
1.43
1.85
344
282
212
606
339
255
333
226
381
414
315
400
325
309
251
441
321
296
336
292
329
313
309
316
28
23
15
46
27
28
28
17
22
30
24
31
0
-3
-2
6
-2
-1
0
-2
1
-4
0
0
51
46
43
74
50
56
59
41
48
38
54
62
57
47
43
86
57
54
61
37
55
52
57
78
68
60
58
91
68
65
66
48
69
61
69
79
67
58
54
88
68
64
73
49
68
59
67
81
70
62
55
91
70
69
74
49
67
60
68
84
241
237
221
209
253
211
214
206
256
294
221
240
264
287
282
214
264
280
259
300
263
246
258
218
5.21
.32
.25
1.10
3.54
6.02
.38
.29
1.14
4.21
6.51
.43
.35
1.12
4.61
6.69
.51
.38
1.12
4.68
349
478
531
196
385
367
492
442
268
381
30
50
35
27
29
2
3
2
1
2
67
84
58
65
68
70
84
63
63
73
81
87
73
75
82
86
87
78
76
90
87
89
78
83
89
226
168
241
223
229
28.70
27
24
29
17
31
23
25
34
23
0
1
-4
8
-2
3
1
0
0
107
136
87
82
113
85
89
111
97
106
127
93
84
114
88
88
112
93
105
122
96
97
106
94
95
105
97
108
122
102
97
113
93
97
108
98
108
122
104
94
114
93
99
112
96
155
125
200
189
154
175
178
154
150
77
91
72
76
85
84
53
59
80
96
77
92
78
72
96
74
59
60
82
102
92
96
94
89
102
92
84
87
88
107
93
97
86
92
107
98
84
82
86
109
89
95
81
95
98
92
67
75
84
101
129
142
125
97
107
132
141
147
105
111
127
132
137
112
112
121
124
130
108
112
118
122
136
99
110
97
105
94
96
127
132
112
81
77
49
64
87
132
110
121
108
93
81
61
75
93
127
109
118
111
94
81
60
80
93
120
109
115
112
93
81
63
81
91
118
.26
.86
1.66
3.92
12.93
7.16
.96
27.88
28.56
28.72
8 50
2.30
1.66
4.44
1.80
2.66
6.04
2.33
7.59
2.42
1.62
4.60
1.87
2.52
5.86
2.22
7.10
2.52
1.69
4.41
1.83
2.54
5.61
2.18
7.09
2.66
1.68
4.80
1.85
2.53
5.72
2.23
6.94
2.72
1.56
4.97
1.80
2.50
6.06
2.17
222
172
294
213
273
235
213
234
209
264
232
309
249
293
251
259
275
256
4.63
.75
.26
1.16
.36
.95
.30
.34
.33
.18
4.32
.79
.34
.97
.40
.74
.29
.29
.34
.19
4.79
.81
.31
1.16
.37
.82
.34
.36
.40
.19
4.96
.86
.34
1.18
.42
.86
.34
.35
.40
.21
4.70
.89
.30
1.20
.37
.78
.26
.31
.40
.19
238
294
281
242
243
175
198
211
298
251
295
310
254
348
236
287
236
289
320
249
20
31
14
29
12
15
-3
12
27
12
2
1
-2
4
-1
6
1
3
0
2
8.62
6.42
.09
.75
1.36
9.89
7.43
.13
.86
1.47
12.19
9.15
.14
1.07
1.83
11.72
8.72
.14
1.09
1.77
12.39
9.47
.18
1.01
1.73
378
391
542
345
323
355
363
412
326
328
34
38
61
17
23
1
2
9
-1
1
.41
.81
.81
260
29
0
195
204
266
269
298
303
341
328
354
25
23
29
21
28
24
27
29
33
1
1
-1
4
0
-1
1
1
1
Territory of Hawaii
1929
Percent change
.SI
i
II
20
1953 to
1954
-1
i
0
-1
0
3
-1
1
0
-1
2
—1
1
-6
-4
0
20
18
21
22
22
-2
0
j
1
-5
-1
0
269
218
270
293
264
20
22
19
30
17
1
-1
1
2
1
205
186
232
233
197
213
233
198
208
20
18
20
16
20
18
21
23
17
-2
-1
192
165
185
216
191
177
216
219
165
163
245
209
209
296
203
272
239
271
205
193
14
16
12
23
8
11
-5
9
16
10
0
-4
-3
2
-2
5
0
2
-1
-3
130
117
175
157
160
167
157
176
182
194
16
17
25
9
16
-1
—1
1
-2
-1
195
21
-2
156
161
198
241
213
280
275
212
167
19
16
20
17
19
24
21
16
16
-1
-2
-3
3
-1
-1
1
-2
—1
r
8
-5
1
1
-3
0
Bureau of the Census
Geographic Divisions
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central- .
Mountain
Pacific
. __
8.32
8.15
29.60
23.62
27.46
22.69
8.85
8.46
4.00
6.14
2.47
8.54
8.30
10.48
4.05
6.37
2.73
9.77
6.99
23.99
21.82
8.73
11.47
4.72
7.30
2.93
12.05
6.73
23.60
22.50
8.80
11.34
4.60
7.70
3. 15
11.58
6.62
22.99
22.86
8.42
11.47
4.49
7.73
3.21
12.21
165
159
222
217
352
274
319
333
376
125
139
114
81
66
50
62
83
130
121
109
148
188
211
221
230
178
129
Source: U. S. Department of Commerce, Office of Business Economics.
4. One point should be noted, however, regarding the industrial breakdowns of wages and salaries and proprietors' income in the old and new series. The latter incorporates a significantly
improved industrial classification of business establishments. This classification is described on pages 66-68 of the 1954 National Income supplement.
September 1955
SURVEY OF CURRENT BUSINESS
SUMMARY OF DEFINITIONS
The remainder of this text is devoted to a brief statement
of definitions underlying the State personal income estimates.
For convenience, table 4 is used as a frame of reference for
the discussion.
Personal income
The main characteristics of the concept of State personal
income, and how it differs from that of State income payments, have already been noted. Additional information
along this line will be provided below in the discussion of the
individual components of personal income.
At this point, attention will be called to another significant change introduced into State personal income—a change
that is more statistical than conceptual. In the new series,
total income measures consistently for all States the income
received by residents. In State income payments, however,
the totals shown for the District of Columbia and six States
were not wholly measures of income received. They therefore required adjustment to a population, or residence, basis
before computation of per capita income. A full explanation
of this particular aspect of the State income payments series
is given in footnote 2 of table 5 in the August 1954 SURVEY.
Wage and salary disbursements
These disbursements consist of the monetary remuneration
of employees commonly
regarded as wages and salaries,
inclusive of executives7 compensation, commissions, tips,
and bonuses, and of the value of payments in kind which
represent income to the recipient. They are measured before
deductions for social security contributions, union dues, or
other purposes. All disbursements in the current period are
covered, including any payments retroactive to past years.
That is, retroactive wages are counted when paid rather than
when earned.
Although the contributions made by employees under the
various social insurance programs are included in wage and
salary disbursements, they are not part of the personal
income total. They are excluded by means of the explicit
deduction, discussed below, that is made for "personal
contributions for social insurance."
Special attention may be drawn to the estimates of military
payroll included in State personal income. These represent
that part of the national total of military pay disbursed to
residents of each State. The estimates are derived as the
sum of two separate flows: (1) the gross pay of personnel
stationed in each State less the amounts withheld by the
Government and sent to their dependents or other individuals in the form of dependency allowances or voluntary
allotments, and (2) allowances and allotments received (from
military personnel wherever stationed) by individuals residing in the State.
The national totals of wage and salary disbursements contained in State personal income are somewhat lower than the
series shown in table 3 of the national income report in the
July 1955 SURVEY. The reason is that the State estimates
exclude, as mentioned previously, disbursements made by the
Federal Government to its civilian and military personnel
stationed outside the continental United States.
Of the several differences in definition between the figures
on wage and salary disbursements shown in table 4 of the
present report and "wages and salaries" as previously published in State income payments, the following are most im
19
portant. Unlike the old series, wage and salary disbursements are measured gross of employee contributions for
social insurance and include the value of food and clothing
furnished to members of the armed forces, military allowances and allotments, and work relief wages. The last two
items were classified as part of "other income" in State income payments.
Other labor income
This category consists of supplementary types of labor
income paid out or accruing in the current period. These
comprise employer contributions to private pension, health,
and welfare funds; compensation for injuries; pay of military
reservists; directors' fees; and several other minor items.
Treatment of the employer contributions item requires
special mention. In the national income accounts, private
pension and related funds, as well as other types of "quasiindividuals", are classified as persons and their income
counted in personal income. In the State series, employer
contributions to private pension, health, and welfare funds
are estimated by allocating the national total (by detailed
industry) on the basis of payrolls. This procedure is tantamount to regarding the "funds", State by State, as synonymous with the employees on whose behalf the employer
contributions are made.
Other labor income as included in the new State series is
identical in scope to that shown in table 3 of the July 1955
national income report.
Proprietors' income
Proprietors' income measures the net business earnings of
owners of unincorporated enterprises, consisting almost entirely of sole proprietorships and partnerships but including
also producers' cooperatives and other numerically minor
forms of noncorporate business.
The key characteristic of proprietors' income as a measure
of net business earnings is well illustrated by the agricultural
component. This is equal to (and derived statistically as)
the gross income of farmers minus their total expenses of
production. Gross income covers (1) cash receipts from
farm marketings of crops and livestock, (2) payments to
farmers under the Government's soil conservation and
related programs, (3) the value of food and fuel produced
and consumed on farms, (4) the gross rental value of farm
dwellings, and (5) the value (positive or negative) of the
change in inventories of crops and livestock.
Value of change in farmers' inventories is included because
a measure of current income, not net receipts, is desired. It
has a general counterpart in nonfarm proprietors' income,
the definition of which calls for cost of goods sold—not just
purchases—to
be deducted from total receipts to arrive at
net income.5
The income of farm proprietors as measured in State personal income is somewhat broader in scope than that included
in the previous estimates. Specifically, it includes the net
rental value of owner-occupied farm dwellings and the agricultural net rent received by landlords living on farms. The
former item was omitted from State income payments; the
latter was a component of "property income."
For the country as a whole, nonfarm proprietors' income
is identical to the "Business and professional" category of
table 1 in the July 1955 SURVEY. This category, in turn,
is shown to be comprised of 2 items: "Income of unincor5. One difference, however, will be evident—that inventory changes are valued at selling
prices in farm proprietors' income but at cost prices in nonfarm proprietors' income. This
means that the farm series assigns net profit (or loss) on inventory goods when they are "produced;" the nonfarm series, when they are sold. While each treatment has certain merit,
uniformity on this score between the farm and nonfarm series is precluded by statistical
considerations.
SURVEY OF CURRENT BUSINESS
20
September 19.").")
Table 4.—Major Sources of Personal
[Millions of dollars]
Wage and salary disbursements
Line
State and region
Total
Farms
Mining
Contract
construction
Manufacturing
Wholesale
and retail
trade
Finance,
insurance,
and real
estate
Transportation
Communications
and public
utilities
Services
1
Continental United States. _
194, 078
3,075
3,403
11,275
66, 037
34, 736
8, 138
11,691
5,883
17, 770
2
3
4
5
6
7
8
New England
Connecticut
Maine
Massachusetts
New Hampshire
Rhode Island
Vermont
13, 144
3, 630
898
6,564
605
1,088
355
176
45
36
45
16
4
26
22
4
2
10
1
1
4
635
198
55
286
34
49
13
5,568
1,825
335
2,586
255
441
126
2, 189
532
148
1, 198
88
166
57
614
188
26
325
20
43
12
496
109
45
265
22
33
22
389
93
28
205
20
32
11
1,178
308
65
634
52
83
36
9
10
11
12
13
14
15
16
Middle East
Delaware
District of Columbia
Maryland _
New Jersey
New York
Pennsylvania
West Virginia
53, 386
580
1,294
3, 678
8, 526
23, 853
13, 790
1, 665
342
6
817
(3)
36
55
124
107
14
9
22
57
410
319
2,735
41
44
230
500
1, 126
723
71
19,254
273
44
1,009
3, 725
7, 797
5,902
504
9,601
77
206
587
1, 355
4, 945
2, 201
230
2,744
22
49
143
351
1,645
493
41
3,135
35
46
224
479
1,299
927
125
1,736
12
39
105
256
835
414
75
5,360
47
160
348
754
2, 849
1,090
112
17
18
19
20
21
22
23
24
25
26
27
28
Southeast
Alabama
Arkansas .
Florida
Georgia
Kentucky
Louisiana
Mississippi
North Carolina
South Carolina
Tennessee
Virginia
27, 134
2, 233
1,007
3,386
3,067
2, 290
2, 492
1, 059
3, 275
1, 702
2,713
3,910
636
45
65
108
58
42
55
62
70
36
39
56
543
55
24
31
14
141
171
13
13
4
28
49
1,675
95
49
306
148
169
187
47
146
128
200
200
7,121
708
227
411
882
607
543
248
1, 193
615
896
791
4,691
348
182
748
564
368
445
192
534
234
492
584
1,016
86
30
175
129
65
89
35
105
55
111
136
1,676
143
73
226
186
173
198
53
161
53
178
232
745
64
42
97
90
66
88
36
77
37
56
92
2, 528
201
89
459
273
188
248
107
290
124
246
303
29
30
31
32
33
Southwest _
Arizona
New Mexico
Oklahoma
Texas
12, 425
938
709
1, 989
8,789
411
58
23
40
290
959
72
60
230
597
797
85
55
114
543
2,228
112
73
326
1,717
2,355
172
110
377
1, 696
490
32
20
70
368
435
39
31
74
291
1,151
88
63
178
822
34
35
36
37
38
39
40
56, 037
13, 924
5, 304
2, 188
10, 482
3,209
4, 623
626
100
66
86
82
71
62
497
143
47
11
81
78
33
41
42
Central
_
Illinois
Indiana
Iowa
Michigan
Minnesota
Missouri
Ohio_
Wisconsin.
12, 215
4,096
88
76
87
17
3,268
817
249
121
577
218
274
788
224
24, 075
5,444
2, 543
637
5,431
875
1, 499
5,787
1,859
9,870
2, 606
879 !
486
1, 580
691
990
1, 946
692
43
44
45
46
47
48
49
50
51
52
Northwest
Colorado
Idaho
Kansas
Montana
Nebraska
North Dakota_
South DakotaUtah
Wyoming
8,043
1, 633
508
2, 075
614
1, 212
412
439
790
360
314
333
562
1,437
1,620
39
29
48
40
48
34
34
20
22
57
21
76
48
7
10
10
58
46
53
54
55
Far West
California
Nevada
23, 909
569
230
1,602
18, 383
357
438
9
188
25
1, 207
45
6,355
4, 881
20
4,411
3,379
3, 314
70
11
249
670
72
1
13, 144
46, 169
46, 021
14, 154
22, 557
8, 295
14, 277
5,909
23, 552
176
286
412
378
384
188
450
240
560
22
489
375
225
439
237
1,022
387
205
^7
Washington
^8
Territory of Hawaii
_
_
___
859
50
43
121 !
645
4,432
1,273
336
191
743
294
419
862 !
314 |
3,309
934
313
151
363
280
382
689
197
1,579
416
140
80
276
97
157
756
279
121
46
199
76
129
44
22
67
52
63
18
72
22
38
15
15
26
10
688 I
154 I
44 i
155 !
50 i
113 !
43 |
45 |
56 |
28 !
940
1,459
721
2,431 |
59
742
7
1,049
29
560
9
1,938 i
75 I
864
596
125
234
88
259
33
63
92
15
28
17
51
635
2, 349
2, 655
907
1, 314
511
893
453
1, 557
5,568
17,424
21, 064
3,861
5, 722
2,459
2, 813
792
6,335
2, 189
8,501
7,703
3,013
3, 764
1, 400
2, 700
1, 115
4,352
614
2,489
1, 587
612
855
297
557
194
933
496
2, 705
2,496
1, 207
1,288
547
1,037
484
1,430
389
1, 505
1,245
474
624
222
495
218
712
1, 178
4,693
3,528
1, 260
2, 116
742
1, 337
558
2,356
112
38
135
46
82
42 |
33
48
24
261
95
567
76
220
21
42
124
31
343
102
356
123
276
109 |
105
152
54
2, 040
650
160
93 !
270 i
147
213
371
136 i
294 I
65
15
61
17
68
14
16
28
10
298
115
Bureau of the Census
Geographic Divisions
S9
60
61
62
6S
fH
fir>
P)f)
67
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
West South Central
Mountain
Pacific
__
_ __
For definitions, see text discussion on pages 19-22.
-
2. Consists of four industries: Agricultural and similar service establishments, Forestry, Fisheries, and Rest of world.
SURVEY OF CURRENT BUSINESS
September 1055
21
Income, by States and Regions, 1954 ]
[Millions of dollars]
Proprietors' income
Federal
Government,
civilian
Federal
Government,
military
State
and local
governments
Other 2
9, 173
7,623 14, 863
411
470
56
38
276
33
55
12
422
46
49
191
17
112
Other
labor
income
Farm
Total
6,566 37,876 112,000
Professional
4,706 21, 170 35, 254 16, 114
45
9
5
27
1
2
1
434
127
24
220
18
34
11
1,482
406
141
697
83
111
56
83
28
10
37
5
6
9
318
7
936
216
65
514
46
66
29
2,639
1,162
3,780
12
554
459
246
788
542
38
6,868
24
26
98
314
79
148
490
632
17
1,333
34
59
228
523
84
1
6
11
13
36
16
1
1,969
20
88
290
247
336
164
17
61
93
186
191
84
83
186
663
299
36
1,853
2,400
2,172
202
62
172
201
119
96
60
105
86
184
566
108
174
71
310
88
326
2,896
186
633
50
293
197
214
152
2, 017
801
118
118
86
80
3
5
19
15
3
10
5
244
116
277
298
200
83
636
6
433
25
19
787
249
61
27
96
39
142
133
40
3,937
871
353
226
802
318
274
749
344
72
16
7
6
7
7
6
17
6
549
141
28
430
136
17
86
140
18
36
772
141
53
175
65
124
9
1
1
3
7
27
21
28
49
55
76
34
1,431
1, 134
2,274
1,758
27
28
242
128
565
757
493
556
493
653
405
150
72
173
92
172
400
76
470
99
30
80
83
84
1,540
1, 576
1,204
548
2, 193
656
696
41
25
2
2
5
16
104
76
82
2
2
10
991
98
71
170
652
24
80
257
493
428
819
128
198
255
991
68
87
117
719
1,392
1, 031
75
32
73
1, 015
345
731
62
70
165
434
32
69
23
34
115
21
1, 100
827 3, 034
570 1, 755
110 1
262
755 6,777
3
()
3
()
2
1
1
72
317
623
233
42
14
69
19
30
11
10
24
3,005
373
210
741
273
648
212
1,540
93
109
358
157
413
126
319
149
80
222
38
24
1,196
4,874
3,559
28
181
307
706
551
10
52
93
65
2
422 I
936
747 3, 341
579 3,119
418 1, 221
2, 152 1,639
45
65
474
1, 025
640
1, 154
402
566
1,368 1,404
2,246
3. Less than $500,000.
71
13
36
7
96
69
30
69
3, 248
257
151
488
369
287
310
174
377
177
335
323 !
68
2,643
235
151
352
453
276 !
339
267
391
269
155
146
454
273
218 I
143
405
284
502
247
312 1,806 2,174 j 1,032
28
118 !
142
84
16 ! 102 !
112
62
54
315
364
240
214 1, 271 : 1, 556
646
i
216
46
20
52
17
34
10
12
18
7
i
5,858 9,349 4,133
1, 361 2, 366 I
896
510
789 i
389
375 ! 510 | 237
950 ! 1, 443 i 683
426
600 !
292
572
863
432
1, 177 2, 027 I 868
487
751
336
1,249
234
81
331
99
201
76
85
1,577
343
88 i
404
1.22
267 !
83
93 [
117
4,520 285, 368 15, 060 48, 138 222, 170
i
2
3
4
5
6
7
8
290
69
20
149
14
30
18, 886
5, 159
1,328
9,466
258
72
46
82
3, 055
563
254
1, 644
15, 573
4, 524
1,028
7, 740
883
21
10
157
350
1, 166
35
87
409
973 11,985
23 !
101
i
845
97 ! 1, 193
143 ! 1, 605
! 315 ! 5, 024
297 2, 825
98 j
392
40,819 3,528 j 9,039
3, 274
230
722
1, 760 1
313
377
336 1, 135
5, 313
4, 460
276
980
398
743
3, 620
232
726
3, 751
416
1, 856
355
5, 028
639
949
2, 414
174
556
4, 074
287
745
288 1, 690
5, 269
62, 905
1, 526
531
8
1, 303
11
48
92
181
609
323
39 !\
624
57 i
26
74
67
54
57
26
69
34
63
97
75, 863
880
1, 885
5, 045
11, 769
34, 228
19, 604
2, 452
i!
i!
!
270 19,084 ! 1,580 3,737
24
1, 468
214 !
308
16
1, 079 !
99
288
48
3, 187 ! 240
699
182 | 13, 350
1, 027 2, 442
1, 190
293
107
50
198
78
99
278
87
i
i
|
!
\
|
81, 954
5, 104 10, 669
19, 812 i 883 2, 497
7, 769
614 \
976
4, 443 I 1, 133 !
615
14, 172
303
1, 792
588
758
5, 148
7, 122 ||
526 ! 1, 043
17, 293
604 2, 174
6, 188
446
814
200 13,414
39 i 2, 528
14 !
857
47
3, 417
17
1, 070
29 ! 2, 234
9
11
24
10
753
895
1,851 2,602
131
591
138
152
405 !
604
197
183
461
364
160
137
530
1,762
1,247
20
183
321
2,881
4, 934
21
184
310
91
42
17
886
1,081 2,931
4, 271 9, 292
4,485 7,376
2,066 2,820
2, 366 1 3, 759
1, 053 1, 196
2, 047 2, 479
823 1, 046
2, 982 4, 357
1,186
3, 656
3,172
1,329
1, 916
290
1, 113
26
4,419
3,481
2,083
1,559
68
511
736
47
323
416
62
326
550
25
75
9
14
52
434
1,711
1, 734
424
612
270
1,482
5,889
7, 894
5, 615
4, 437
2, 335
3, 777
1,650
4, 806
696
Line
Farm
income
35, 348
27, 026
60
932
1,306
552
2, 063
Government
income
disbursements
Private
nonfarm
income
Total i
personal
income i
i
645
507
9
47
82
93
49
812
12
132
240
83 i 318
470 1, 148
2, 441
968
i 3, 162
387
i 1, 548
523
1, 084
198
1, 365
365
666
161
1, 184
640
754
176
52
175
59
104
44
45
73
Less: Personal contributions
for social
insurance
256
58
45
Source: U. S. Department of Commerce, Office of Business Economics.
4,140
297
168
758
3,029
2,243
520
167
229
97
647
61
114
38
209
79
649
504
9
56
80
I
i
1, 186
4,903 10, 666 4,281
52
177
32
92
310 !
155
641
231
346
821 1, 452
560
2, 185 5, 288 ! 1, 836
1, 265 2, 552 1, 260
142
246
207
29
569
138
249
;
84
38
10
56
102
69
53
68
26
3,290 1,172
303 j
157
194 1
76 !
569 i 200 |
2, 224
739
96
79
(8)
5
12
25
167
12
21
9
229
218
356
178
293
232
1,081 2,931
290
836
110
189
493 1, 488
66 | 130
88
21
2,038 11,589 4,484 1,247
479 2, 439
784
294
225 1, 170 :
549
111
65 1, 493 1, 048
70
392
1, 370 i
222
198
94 1,032 !
518
88
121
145
1, 158 i
465
494 1, 968
516 | 275
144
947
370
90
14
53
248
Business
Transfer
payments
Property
income
1, 130
507
18, 886
65, 601
963 65, 234
323 24, 019
531 i 32, 746
200 12, 824
313 22, 048
9, 169
153
636 34,841
705
1, 040
3, 755
10, 021
28, 889
16, 482
1,962
9
10
11
12
13
14
15
16
28, 252
2, 322
1,070
3, 842
3, 204
2,479
2, 793
1, 085
3, 440
1, 684
3, 042
3, 291
17
18
19
20
21
22
23
24
25
26
27
28
13, 767
2, 248
9, 881
29
30
31
32
33
66, 181
16, 432
6, 1 79
2, 695
12, 077
3, 802
5, 553
14, 515
4, 928
34
35
36
37
38
39
40
41
42
8,961
1, 806
43
44
45
46
47
48
49
50
51
52
756
946
692
567
2, 408
690
1, 409
177
282
112
456
462
790
373
7,051
5, 347
26, 535
20, 432
386
1, 128
2, 221
3, 496
53
54
55
56
57
81
340
465
5S
258
3,055
9, 454
8,253
3, 698
7, 841
2, 626
4,244
2, 016
6,951
15,573
55, 392
54, 131
16, 785
22, 974
8,928
15,992
6, 250
26, 149
59
60
01
02
63
04
05
GO
07
755
2,850
3, 536
1,931
1,270
1, 812
903
1.741
100
476
22
SURVEY OF CURRENT BUSINESS
porated enterprises" and "Inventory valuation adjustment."
The former item consists wholly of monetary earnings as
no allowances are made for proprietors7 income in kind outside of farming. Such earnings accord closely in definition
with net business profit (gross receipts from business or profession less expense of doing business) as reported by individuals and partnerships on their Federal income tax returns.
Under business accounting practices in widest use, the
reported business profit data contain an element of inventory
gain (or loss) due solely to price change, and therefore akin
to capital gain (or loss).
As described fully in the 1954 National Income supplement,
addition of the inventory valuation adjustment to income of
unincorporated enterprises eliminates this inventory element
and yields a measure of profits accruing from current production. No such valuation adjustment is required in the case
of farm inventories since the farm income estimates are
computed directly so as to exclude inventory profit.
Inclusion of the inventory valuation adjustment is the only
significant change in the definition of nonfarm proprietors'
income in the new State estimates.
Property income
"Property income" as shown in table 4 consists of rental
income of persons, dividends, and personal interest income.
Rental income.—This component covers (1) monetary earnings of persons (except professional real estate operators)
from the rental of real property as well as from royalties on
patents, copyrights, and rights to natural resources; and
(2) imputed net rental returns to owner-occupants of nonfarm dwellings.
Monetary rents are defined on a net basis, as the difference
between gross receipts and expenses (including depreciation).
The net rent of individuals engaged primarily in the real
estate business is not included but, along with rentals received by partnerships, is classified in proprietors7 income.
The imputed, or income-in-kind, element of persons'
rental income is defined as the gross rental value of owneroccupied nonfarm homes less actual expenses
(including depreciation) incurred in home-ownership.6 Gross rental value
is reckoned in terms of the gross rent that the individual
home-owner could have realized by offering his home for rent.
As noted earlier, the similar imputation for farm dwellings is
included in the series on farm proprietors' income.
Dividends.—This item of property income measures cash
dividend disbursements by corporations organized for profit
(whether foreign or domestic) to persons resident in the various States.
Personal interest income.—This measures the total interest,
monetary and imputed, accruing to residents of the States.
The monetary part covers interest received from foreign
as well as domestic sources. Both private and government
disbursements are included.
The imputed interest component is defined in general as
the excess of property income received by financial intermediaries from funds entrusted to them by persons over
property income actually returned in monetary form by these
intermediaries to persons. A portion of imputed interest is
numerically equal to the value of financial services received
by persons without explicit payment; the remainder represents property income withheld by life insurance companies
and mutual financial intermediaries on the account of
persons.
For amplification of this formal definition, reference is
6. For the individual States, the actual estimates of net rental value of owner-occupied
nonfarm housing were not made via this residual process. Instead, it was necessary to derive
the estimates by the indirect procedure of allocating to each State a percentage of the national
total based on market value of owner-occupied dwellings as computed from the decennial
Census of Housing.
September 1955
made to the discussion of imputed interest in the 1954 edition
of National Income. As shown there, imputed interest represents one element of the system devised in the national
income and product series to account for the transactions of
financial intermediaries such as banks, life insurance companies, and savings and loan associations. The full significance of the interest imputations cannot be understood in
isolation—that is, apart from the other income and product
items affected by the system of imputations.
In the State series, it must be added, it is not possible to
parallel the elaborate treatment of imputed interest followed
in the national estimates, although the conceptual framework
is the same. Instead, imputed interest paid to residents of
the States is estimated simply through allocations of national
totals based on relevant statistical data. For instance, in
the case of banks, where the imputation measures the value
of banking services rendered without specific charge, the
value of such services received by persons in each State is
assumed to be proportionate to the State's volume of bankingbusiness as measured by information on payrolls and deposits.
The property income category of State personal income
differs from that shown in previous income payments reports in 2 ways: by the inclusion of rental value of owneroccupied nonfarm dwellings and the exclusion of agricultural net rents accruing to landlords living on farms.
Transfer payments
The transfer payments category comprises, in general,
receipts of persons from government and business (other
than government interest) for which no services are rendered
currently.
Government transfers consist of Federal and State and
local government payments to (1) individuals not in return
for current services and (2) private nonprofit institutions
such as hospitals and charitable and welfare agencies.
Under the first category are included such items as old-age
and survivors insurance benefits, unemployment benefits,
pensions under public employee retirement systems, direct
relief, and pension, disability, and related payments to
former members of the military establishment.
Business transfers (a minor category) consist of disbursements to persons of business production other than in the
form of earnings. Examples are corporate gifts to nonprofit
institutions, cash prizes, and consumer bad debts.
The United States totals of transfer payments included in
the State and national estimates of personal income differ
slightly in most years. This is because the State figures
exclude disbursements—for example, of the VA special
dividend—made to military personnel stationed outside the
continental limits.
Together, transfer payments and other labor income are a
rough counterpart to "other income" as shown in past State
income payments articles. The list of specific differences
in content, however, is lengthy. The three most important
ones have already been noted. Military allowances and
allotments and work relief wages, which were part of "other
income," are now contained in wage and salary disbursements; and employer contributions to private pension and
welfare funds have been substituted for pension payments.
In addition, business transfer payments were omitted altogether from the former estimates.
Personal contributions for social insurance
These contributions, which are deducted from the income
flows listed above to arrive at total personal income, include
payments by both employees and self-employed. The
(Continued on page 32)
by Louis J. Paradiso and Clement
Consumer Expenditure-Income Patterns
JL HE maintenance of a high volume of consumer buying
was a positive influence in limiting the extent and duration ol
the economic downturn which began after mid-1953. Furthermore, the steady and substantial increase in personal
consumption expenditures during the past 12 months accounted for more than half of the 8 percent rise in the gross
national product in this period and contributed materially to
the recent upswing in business activity. Consumer expenditures are still a major influence in the bouyancy of the
economy.
Broadly considered, the basic underlying factors in the
strength of consumer spending have been the steady and
expanding flow of income to consumers and their disposition
to spend a high proportion of this income. Total consumei
expenditures have generally paralleled changes in disposable
personal income in the recent period. In fact, since early
1954 consumer spending has increased at a somewhat faster
rate than the income flow—from the second quarter of 1954
to the second quarter of this year disposable personal income
increased 5 percent while personal consumption expenditures
rose 6.5 percent. Accompanying the large increase in total
expenditures has been a shift in the spending pattern with a
relatively greater amount of purchasing being concentrated
on durable goods than was the case a year ago.
A noticeable feature of the spending pattern in the recent
period has been the shift in the responses to fluctuations in
income from that observed in the prewar period of consumer
expenditures for many categories of goods and services.
These changes in emphasis among the various categories of
purchases have had important differential impacts throughout business and industry.
It is the purpose of this article: (1) to indicate the character of recent changes in consumption and the role of consumer spending in the developing business situation and (2)
to consider the nature of changes in the expenditure-income
pattern from the prewar to the postwar periods with particular reference to the problem of measuring the sensitivity of
consumer expenditures to fluctuations in income.
I. Recent Changes in Consumer Purchasing
Consumer demand has played a significant role in the
economic developments of the past 2 years. Whereas, total
business activity as measured by the gross national product
turned downward after the second quarter of 1953 and declined for 4 successive quarters, personal consumption expenditures dropped moderately in only 1 quarter—from the
third to the fourth of 1953—and have continued upward
since that time.
As the chart on the following page shows, in the period of
downturn from mid-1953 to mid-1954 the gross national
product dropped by $12 billion at annual rate. All major
components declined with the exception of personal consumption expenditures which increased by nearly $4 billion and
private fixed investment (including net foreign investment)
which showed little change. It may be noted that in this
period the rise in personal consumption expenditures was
approximately equal to the rise in disposable personal
income.
In the subsequent recovery period since mid-1954, all
major components of the gross national product increased.
Personal consumption expenditures showed the largest abNOTE—MR. PARADISO IS ASSISTANT DIRECTOR AND CHIEF STATISTICIAN, AND MR. WINSTON IS A MEMBER OF THE BUSINESS STRUCTURE DIVISION, OFFICE OF BUSINESS ECONOMICS.
solute advance, to an annual rate of more than $250 billion,
up $15 billion from the second quarter of 1954. In this
period, disposable personal income also advanced substantially but by a somewhat smaller amount than the increase
in consumption.
Widespread effects of consumer spending
The recent recovery has been sparked and sustained by
a number of basic factors. Among the more important of
these are businessmen's decisions to spend more for plant
and equipment and to shift inventory policy from liquidation
in 1954 to accumulation this year, the substantial pickup in
consumer expenditures aided by the consumers' free use of
available credit, and the continued strength of housing
demand.
The rise in consumer buying in recent months has stimulated the business activity both directly and indirectly.
The direct effects on such facets of the economy as employment, production, income, and order placements, have been
clearly indicated by recent developments. But the increases have also had favorable effects on investment programs of business.
23
24
SURVP^Y OF CURRENT BUSINESS
Investment decisions are often made by businessmen
somewhat independently of the current course of business
activity. These autonomous actions, however, are sometimes modified on the basis of businessmen's reappraisal of
their anticipated sales and profits and also on the subsequent
movement of these factors. Thus, a rise in consumer expenditures even in a period when general business is tending
downward may have a stimulating effect on business intentions to invest. The substantial rise in consumer buying
in the past 12 months was a factor which many firms considered in their expanded fixed investment programs in 1955.
As noted elsewhere in this SURVEY, businessmen's 1955 investment programs reported in the most recent plant and
equipment survey of QBE and SEC have been increased
over the expectations indicated earlier in the year.
The course of consumer spending is also an important consideration in businessmen's inventory policy. For example,
the relative stability of consumer purchasing in the 1953-54
business decline, precluded an extensive period of inventory
liquidation. With the rise in consumption since mid-1954
and the expansion in the other sectors in early 1955, businessmen found it necessary to accumulate inventories in order
to support the rising volume of production and sales. Although there has been a steady inventory accumulation in
the first 7 months of this year, with substantial sales increases, the inventory-sales ratios have been at or below
those of a year ago.
September 1955
tionally high volume of new car sales, inventories were built
up. Neveitheless, in relation to sales, new car inventories
were not high compared to peiiods when such ratios were
considered favorable. In August passenger car production
dropped due to the start of the model change-over. Sales,
however, continued at a high rate and inventories were drawn
down to a total equivalent to a month's sales at the August
rate.
With the spreading of purchasing power and with the
maintenance of a high level of purchases of new homes,
expenditures for furniture and household equipment turned
up in recent months, following a fairly long period of relative
Shifts in Use of Resources
CHANGE, 1953 TO 1954
BASED ON 2nd QUARTER TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
0
-10
+ 30
In this adjustment period...
GROSS NATIONAL
PRODUCT declined
'as increases in
PERSONAL CONSUMPTION
EXPENDITURES
Consumer buying broadens
It is interesting to examine in some detail the developments
in consumption by major groups of expenditures in the past
two years. In the declining period of 1953-54 only two of
the major categories of purchasing showed a significant drop,
namely, purchases of automobiles, and to a lesser extent, of
clothing and shoes. The drop in car demand after mid-1953
represented in part a reaction to the relatively high rate of
purchases achieved in the rapid recovery from the 1952 work
stoppage in steel. Expenditures on furniture and household
equipment were off only slightly. Expenditures for items
in other major groups, particularly services, on the other
hand, registered increases. The general tendency during this
period was for consumers to spend somewhat less on durable
goods, particularly automobiles, while with some exceptions
they tended to maintain or increase their purchases of nondurables and services.
In the period subsequent to mid-1954 all of the major
expenditure categories advanced. The accompanying chart
indicates the percentage changes which occurred in expenditures for goods and services by major categories from the
second quarter of 1953 to the second quarter of 1954, and to
the second quarter of this year. This chart clearly shows
that in the past year the most pronounced increase occurred
in expenditures for automobiles and parts, the category which
had shown the largest decline in the earlier period. Expenditures for clothing and shoes displayed only a moderate rise
following the earlier declines.
Rising production and sales of automobiles since the introduction of the 1955 models last fall were powerful stimulants
to business activity. With cars selling at record volumes in
this period, manufacturers increased their rate of operations
and expanded their investment in new plant and equipment.
The initial impacts were on industries supplying materials
and components to the automobile industry. By the early
part of 1955, the effects of these activities had spread to other
sectors of the economy.
In the first 8 months of this year, new car sales by retail
dealers were 38 percent above the corresponding period of
1954. Automobile production continued at high rates in
1955 through the mid-summer so that even with the excep-
BILLIONS OF DOLLARS
+ 10
+20
and relatively stable
FIXED INVESTMENT*
were outweighed by
reductions in
INVENTORY INVESTMENT
and
GOVERNMENT PURCHASES
OF GOODS AND SERVICES
I
J_
I
_L
j_
j
I
CHANGE, 1954 TO 1955
BASED ON 2nd QUARTER TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
0
-10
BILLIONS OF DOLLARS
+10
+20
+30
In this period...
GROSS NATIONAL
PRODUCT increased
substantially
with advances in
PERSONAL
CONSUMPTION
EXPENDITURES
FIXED INVESTMENT*
and
INVENTORY
INVESTMENT
whereas
GOVERNMENT
H
PURCHASES showed|V
a further but
small decline
I
I
_L
_L
JL
J
Includes residential construction, plant and equipment expenditures, and
net foreign investment.
55-50-5
September 1955
SURVEY OF CURRENT BUSINESS
stability. In the last 2 months, particularly, demand for
furniture and equipment strengthened as is evidenced by the
fact that sales of furniture and household equipment stores
showed a seasonally adjusted increase of more than 4 percent
in July and August from the rate of the second quarter.
The large and rising flow of income also appeared to have
had some effect on trading-up by consumers. This is
suggested particularly in the increased purchases of various
types of luxury and high-priced goods. For example, in the
first half of 1955, total department store sales increased 4
percent over the first half of 1954. Within this aggregate,
however, sales rises were much more pronounced in departments handling high-priced goods. In this period, increase
amounted to more than 10-15 percent by the luggage,
furniture, floor coverings, silverware, jewelry, and sporting
goods departments; nearly one-fifth by the furs and more
than a fourth by the major household appliances departments.
Along with the continued growth in the number of
passenger car registrations, which increased 2 million during
1954 to a total at the beginning of this year of more than 48
million cars, consumer expenditures for gasoline and oil
advanced further during the past year. In the second
quarter of this year, these expenditures were 8 percent above
the corresponding quarter of 1954.
More moderate relative gains occurred among most of the
other nondurables. Expenditures for food and alcoholic
beverages, which account for 60 percent of all nondurable
goods purchases, have been moving steadily upward.
Except for a short period in the latter part of 1953 in which
these purchases leveled off, they have been on a generally
rising trend ever since. In the last few months, purchases
of food, including alcoholic beverages, were being made at an
annual rate of about $77 billion, up about 4 percent from a
year ago.
Expenditures for clothing and shoes have shown modest
rises recently, to lift second quarter purchases this year up by
more than 4 percent over a year ago. In the past 2 months,
sales of apparel stores have been somewhat higher than the
second quarter rate. This category of spending has lagged
considerably behind the income rise in the last 4 years.
Consumer expenditures for services rose steadily even
during the business downturn 1953-54, and gains have continued throughout 1954 and. so far this year. In fact, there
lias been a fairly steady quarterly
growth in consumer
outlays for services in the past 2l/2 years—the average annual
rate of increase being over $1 billion per quarter. Most
pronounced gains during the past year have been in expenditures for household operation which advanced nearly 10
percent following a slow-down of the rise in the 1953-54
period, and expenditures for housing which rose 5 percent,
somewhat less than in the prior period. These two groups
account for more than half of the total increase in expenditures for services.
Changes in the consumer buying pattern
In view of the increased concentration recently on purchases of consumer durable goods, the pattern of expenditures
relative to income has reflected the greater importance of
these categories. Table 1 shows the ratios of consumer
expenditures by major groups to disposable personal income
by semiannual periods for selected recent years.
On an overall basis consumers have been spending a larger
proportion of their incomes this year than in 1954. This is
mainly associated with the increased purchases of durables,
particularly automobiles. In the first half of 1954, personal
consumption expenditures accounted for 92 cents out of every
dollar of disposable personal income, whereas, in the first
half of this year the amount was increased to 94 cents. At
304783°—55
4
25
the recent annual rate of disposable personal income of $267
billion, a 2-percent increase in the proportion of the income
spent means the addition of more than $5 billion to the
demand for goods and services. Thus, a change in consumer
spending attitudes resulting in a shift of even this apparently
small percentage could have a substantial impact on the
economy.
Recent Changes in Personal Consumption
Expenditures and in Disposable
Personal Income
PERCENT CHANGE
2nd QTR. 1953-2nd QTR. 1954
-20
+20
0
PERCENT CHANGE
2nd QTR. !954-2nd QTR. 1955
0
+20
+40
T"
DISPOSABLE
INCOME
PERSONAL
PERSONAL CONSUMPTION
EXPENDITURES
DURABLE GOODS
NONDURABLE GOODS
SERVICES
MAJOR SUBGROUPS
AUTOMOBILES
AND PARTS
FURNITURE AND
HOUSEHOLD EQUIPMENT
I
HOUSEHOLD OPERATION
GASOLINE AND OIL
HOUSING
FOOD AND ALCOHOLIC
BEVERAGES
CLOTHING AND SHOES
I
TRANSPORTATION
a S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
55-50-6
The recent spending-income ratio of 94 percent is about
the same as that prevailing in the first half of 1950. Following the outbreak of the conflict in Korea, however, the
ratio dropped to 92 percent and continued at this rate
through the first half of 1954. Thus, the rise in this ratio
since early 1954 represents a departure from that prevailing
in the immediate prior years.
As already indicated, a pronounced increase occurred
during the past year in the ratio of expenditures for durable
goods to disposable personal income. In the first half of
SURVEY OF CURRENT BUSINESS
26
September 1955
Use of the Personal Income Dollar
The DOLLAR SPENT BY CONSUMERS for
GOODS AND SERVICES is distributed as follows
The PERSONAL INCOME DOLLAR
is disposed of in this way . . ,
FOOD a ALCOHOUCji
ERAG S
? . lilli
S TOTAL PERSONAL
;&£$££2£9£9999£$
CONSUMPTION^
^^"xS^S^^
EXPENDITURES
GASOLINEaOIL
3%
FURNITURES
HOUSEHOLD EQUIPMENT
6%
HOUSEHOLD
OPERATION'
5%
TRANSPORTATION
3%
Based on total Personal Income, first half 1955,
at annual rate - $297 billion
U. S. DEPARTMENT OF COMMERCE, OFFICE. OF BUSINESS ECONOMICS
1955, 13 percent of the income was spent for durable goods;
this compares with 11 percent in the first half of 1954. Also
it is important to note that increased purchases of automobiles
and parts accounted for most of the rise in the portion of the
income dollar spent for durables. In the first half of 1955,
6.3 cents out of every dollar of spendable income was used to
purchase autos and parts, a rise from the 4.7 cents in the
first half of last year. The shifts in the spending-income
ratios for the other major categories of goods and services
were rather small and offsetting.
How consumers spend their income dollar
The pie charts show the way in which consumers utilized
their income dollar in the first half of 1955. Of total personal
income of $297 billion (at seasonally adjusted annual rate) in
the first half of this year, consumers used $248 billion for
the purchase of goods and services. In other words, 83%
cents of every dollar of personal income was spent for goods
and services. An additional 11 cents went for personal taxes,
and 5^2 cents were saved. It is interesting to note that of the
83}2 cents of each dollar of personal income which was spent,
12 cents represented the amount spent on durables, 42 cents
the amount spent on nondurables, and 30 cents the amount
spent on services.
The smaller circle shown in the chart represents the distribution of personal consumption expenditures in the first
half of this year among the major categories of consumption.
Of the $248 billion spent by consumers for all types of goods
and services, $75 billion were spent for food (including alcoholic beverages); in other words, for every dollar spent for
Based on total Personal Consumption Expenditures,
first half 1955, at annual rate - $248 billion
55-50-7
and services 30 cents went for food and beverages,
fandoods
imilarly, 12 cents went for housing and 8 cents for clothing
shoes. These basic items of living—food, clothing, and
shelter—account for 50 cents of every dollar spent by consumers for goods and services. Moreover, this proportion
has tended to be fairly stable over a long period of years,
although there have been some compensating shifts among
these groups.
Purchases of automobiles and parts and gasoline and oil
accounted for 7 cents and 3 cents respectively, or a total of
10 cents of every dollar spent on goods and services in the
first half of 1955. Another 6 cents went for the purchase
of furniture and household equipment, 5 cents for household
operation, 3 cents for purchased transportation, and 2 cents
each for tobacco and recreation. The remaining 22 cents
were distributed over a wide variety of other goods and
services.
In the recent period, the change in the relationships of
these group expenditures to total consumption has tended
to be somewhat similar to that already described for the
expenditure-income patterns. The variations involved are
are due to the differential movements of consumption and
income.
Although total consumer expenditures have tended to
move in a parallel fashion with disposable income, nevertheless, important changes in buying emphasis have occured
within the expenditure structure from time to time reflecting in part autonomous actions by consumers. Three periods
in the postwar years provide outstanding examples of autonomous consumer behavior. The extraordinarily high expenditures for durables which occurred in the third quarter
of 1950 were in large part associated with the outbreak of the
SURVEY OF CURRENT BUSINESS
September 1955
conflict in Korea. From the second quarter to the third
quarter of 1950, personal consumption expenditures rose
by $14 billion (at annual rate) while disposable personal
income increased $8 billion; from the first to the second
quarters of 1951 consumer expenditures dropped by nearly
$6 billion (at annual rate) while disposable personal income
was up $6 billion, reflecting again some autonomous behavior
in reaction to the earlier buying surge.
27
comparisons, the largest advances in both income and consumption occurred from 1950 to 1951.
It is to be noted that while the broad magnitudes of the
rises have tended to be similar for both income and consumption, significant differences are evident between the
percent changes in consumption and in income in these
successive periods. The tendency has been, however, for a
rough balancing out in the respective cumulative percentage
increases for the entire period.
Table 1.—Ratio of Personal Consumption Expenditures to Disposable Personal Income by Half Years, Selected Major Groups
Changes in Income and Consumer
[Percent]
19 48
19 50
19 53
19 54
1955
Expenditures, Successive Second Quarters,
1st
1948-55
1st
half
2d
half
1st
half
2d
half
1st
half
2d
half
1st
half
2d
half
96.0
93.5
93.6
94.6
92.3
91.9
92.2
93.5
94.0
11.9
53.8
30.3
11.8
51.6
30. 1
13.0
48.8
31.8
14.7
48.6
31 3
12 2
47.8
32 3
11.6
47.2
33 1
11.3
47.2
33 6
11 7
47 6
34 2
13 1
46.9
33 9
Automobiles and parts
Furniture and household
equipment
__
3.8
4.0
5.6
6.4
5.5
5.0
4.7
5.0
6.3
6.3
6.0
5.9
6.7
5.2
5.1
5.1
5 0
5.3
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil .
10.6
10.3
9.0
8.9
8.1
7.7
7.8
7 7
7.6
P e r s o n a l consumption
expenditures Durable goods
Nondurable goods
Services
_
Household operation
Housing
Transportation.
31.3
2.3
4.3
9.3
3.2
29.8
28.6
28.5
2.3
2.5
2.4
4.2
4.6
4.5
9.4
3.2
10.5
2.9
10.3
2.8
28 8
28.6
28 6
2.5
2.7
2.8
4.8
4.9
4.9
11.3
2 9
11.6
2 9
10.9
2 9
half
29 0
2 9
28 4
2.9
5 0
11.7
2 8
5.0
11. 7
2 8
PERCENT CHANGE
14
12
m
II
§
i
/
10 -
^•DISPOSABLE PERSONAL INCOME
PERSONAL CONSUMPTION
^ EXPENDITURES
8
Source: U. S. Department of Commerce, Office of Business Economics.
6
The third example is to be found in the latter part of 1954
and early 1955 when the increase in total personal consumption expenditures was at a somewhat faster rate than that
of income, in contrast to the usual experience in the past
when such expenditures—stemming primarily from the sharp
rise in automobile purchases—advanced at a slower rate
than income. It may be noted that in the cases observed,
the autonomous actions by consumers have been of short
duration and sparked by special factors.
The last chart in this section illustrates the general
tendency of consumption changes to follow income changes
during the past 7 years. This chart shows the percentage
change in consumer expenditures from the second quarter
of each year to the second quarter of the following year
compared with the percentage change in the disposable
personal income.
Over this entire period, consumption and incomes increased in each of these comparisons. In 1948-49 and
1953-54, the gains were both relatively small. For the
other periods they were quite substantial. Also in these
II.
2 —
1. These are shown in the SURVEY OF CURRENT BUSINESS, January 1945, page 7, and
January 1950, page 17.
t,
w
1948- 1949- 1950- 1951- 1952- 1953- 195449
50
51
52
53
54
55
Note. - Percent change based on second quarter totals
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
55-50-8
In terms of the breakdown by categories of consumption,
the expenditure patterns in relation to income in the postwar
years have varied very substantially from those observed
in prewar years. It is the purpose of the next section to
describe the shifts in the sensitivity of major consumer
expenditure groups and subgroups to income changes in
these 2 periods.
Income Sensitivity of Consumption
In 2 past issues of this Survey, detailed measures were
presented ! to show the degree of response of consumer
expenditures by different types of goods and services to
fluctuations in income. The measure used to reflect such
-
4 '
0
Relation of total consumption to income
1
0I I 1
•—*
4
Expenditures
response is termed the coefficient of income sensitivity. This
expresses the average percentage by which expenditures have
varied relative to a given percentage change in disposable
personal income as determined from historical experience.
In the earlier studies, these coefficients were based on
consumption and income data for the years 1929-40, a period
SURVEY OF CURRENT BUSINESS
28
of substantial instability. The sensitivity coefficients reflected, therefore, an averaging of responses in spending to
changes in income for years when business activity was on
the upswing with those when it was on the decline. In
addition, during most of this period the economy was oper-
Examples of Postwar Changes
in Consumer Expenditures
Expenditures for many items increased
sharply and steadily . . .
BILLIONS OF DOLLARS
(RATIO SCALE)
BILLIONS OF DOLLARS
GASOLINE AND OIL
(LEFT SCALE)
September 19r>.~>
done a number of years ago, it is of interest to reexamine the
relationships and the coefficients in the light of the subsequent
postwar experience.
The postwar spending pattern suggests that there has been
a very considerable shift from the prewar }^ears in the
response of consumption to income changes among most of
the categories of goods and services. It should be pointed
out, however, that there are many difficulties involved in
analyzing the nature of the postwar patterns and in comparing them with the prewar. The usual methods used in
deriving consumption-income relationships may be inapplicable for the postwar years. This arises in large part from
the fact that disposable personal income and most of the
consumer expenditure categories have shown a persistent
upswing throughout this period. The difficulty is essentially a technical one, namely, that when the usual correlation
techniques are applied to variables which have no pronounced
cyclical movements, up and down, they are not likely to
yield cyclical measures of sensitivity, but reflect instead
growth relationships.
The postwar upswing
3.0 -
2.0
whereas some items show little or no growth . . .
3.0
15.0
WOMEN'S AND CHILDREN'S CLOTHING
12.5
—
(LEFT SCALE)
—
2.5
~
2.0
\
10.0
-
^^^^^^^^^^^
CHINA, GLASSWARE, ETC.
(RIGHT SCALE)
7.5 ^-
5.0
N^
i
1
1
"^ 1.5
„-.«.
1
1
1
1
1
1.0
and a few items have tended downward
.45
3.0
INTERCITY BUSSES
(LEFT SCALE)
2.0
.30
ADMISSIONS TO
y
MOTION PICTURE THEATERS ^
(RIGHT SCALE)
.15
i
I
1946 47
i
48
I
49
I
50
1.0
51
52
53
54
U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
ating considerably below full utilization of manpower and
material resources.
The sensitivity factors developed from this prewar period
have been used extensively by business analysts and others as
guides in evaluating consumer demand and in marketing and
merchandising problems. Since this type of analysis was
Although both income and expenditures have tended to
increase throughout the postwar period, there has been
considerable variation in the rate of advance among the
various categories.
In the past 8 years, disposable personal income has risen
steadily at an average rate of nearly §% percent per year.
Indeed, variations from this rate of growth have been relatively small. In only two periods did the increase in income
tend to slow down materially, namely 1948-49 and 1953-54.
Total personal consumption expenditures in dollars have also
tended steadily upward at an average rate of increase of
about 6 percent per year. By categories of expenditures,
however, the postwar changes have varied widely, although
most of them have shown steady increases. It should be
noted that higher prices during the postwar period contributed to these rates of growth.
In addition to the fact that the postwar period was one of
continual growth, the economy was also operating at exceptionally high volumes of production and employment.
Total "production, as measured by the real gross national
product, increased at an average rate of 4 percent per year
from 1946-54, a rate exceeding the 3 percent which has
prevailed over the last 50 years in peacetime periods of high
activity. The labor force was largely employed, with
unemployment averaging 2 million in the postwar years.
All this was in sharp contrast to the period 1929-40 when
average unemployment was relatively high and industry was
operating substantially below capacity rates. Because of
such fundamental economic differences in these two periods,
some variation in the consumer demand pattern would be
expected.
Along with the rise in income, most of the major consumer
expenditure categories have also shown fairly steady increases2
since 1945. The average postwar annual rate of increase
for the major groups and. the principal subgroups of expenditures are given in table 2, column 1.
The greatest rate of growth has occurred among the services. For example, of the 14 groups showing an average
annual rate of increase of 9 percent or more in the past 8
years, 13 were groups of services. The most pronounced
rates of increase of 15 to 18 percent per year were experienced
by categories of airline transportation, radio and television
repair, and automobile insurance. Some items, however,
showed little change despite the continued rise in income.
Among these were expenditures for clothing, jewelry, street2. This is obtained from the least-squares solution of a compound interest curve.
SURVEY OF CURRENT BUSINESS
September 1955
the upper panel, illustrate rapidly rising groups. Women's
and children's clothing, and china and glassware, shown in
the middle panel, represent cases of small growth, the
average increase being less than 1 percent per year. For
many of these items the small growth, however, has been
accompanied by sizable fluctuations from one year to the
next.
Finally, transportation on intercity buses and admissions
to motion picture theaters illustrate groups for which expenditures have tended to fall over the period. In the case
of motion pictures, admissions in 1954 showed a rise after 7
years of steady decline.
The accompanying tabulation gives the distribution of 61
expenditure categories according to the average annual rate
of increase (or decline) in the period 1946-54.
It should be noted that more than half of the groups
increased at an average rate of between 0 and 6 percent per
year, while another third increased between 6 and 12 percent
per year.
car, bus, and taxi transportation, admission to legitimate
theaters, and to spectator sports. In a few instances,
expenditures have tended to decline.
Number of
expenditure
categories
Average annual rate of
increase or decrease (percent}
Over 15.
12 to 15_
9 to 1 2 _ _
2
2
10
6 to 9_
3 to 6_
0 to 3_
10
16
17
0 to -3_ —
-3 to -6_
Total 6
2
2
61
29
The variety of postwar changes in expenditures is illustrated in the accompanying chart, which shows the course
of expenditures for the years 1946-54 for 6 selected groups.
Expenditures for electricity and gasoline and oil, shown in
Table 2.—Personal Consumption Expenditures (Average postwar rate of increase and sensitivity to changes in disposable income in
prewar and postwar periods)
Group *
Average
annual
rate of
increase 2
A verage sensitivity 3
(Percent)
Percent change in
expenditure associated with a 1
percent change in
income
Postwar Prewar
1946-54 1929-40
I. Food and tobacco
1. Food purchased for off-premise consumption
2. Purchased meals and beverages
II. Clothing, accessories, and jewelry
1. Shoes and other footwear
2. Shoe cleaning and repair
3. Clothing and accessories except footwear
b. Men's and boys'
5. Cleaning, dyeing, pressing, alteration, storage,
and repair of garments including furs (in shops)
not elsewhere classified
6. Laundering in establishments
7. Jewelry and watches _
5.2
6.2
2.8
5.2
1.2
9 f;
-l.fi
.7
.7
.5
V, Household operation
1. Furniture
2. Kitchen and other household appliances
4. Other durable house furnishings
5. Semidurable house furnishings
6. Cleaning and polishing preparations, arid miscellaneous household supplies and paper products
7. Stationery and writing supplies..
8. Household utilities. _
a. Electricity.
b. Gas
c. Water
d. Other fuel and ice_
9. Telephone, telegraph, cable and wireless
10. Domestic service
VI Medical care and death ex enses
1 . Drug preparations and sundries
2. Ophthalmic products and orthopedic appliances. _
3. Physicians
4. Dentists
6. Privately controlled hospitals and sanitariums
7. Medical care and hospitalization insurance
8. Funeral and burial expenses
1.1
.8
.7
1.1
1.1
1.1
1.2
.9
1.8
.6
.4
.3
3.3
3.5
3.0
.8
.8
.8
.5
.5
.5
10.2
.5
1.5
11.4
.6
1.7
9 1
.5
1.4
4.7
4.7
* 1.6
.9
.7
2 3
.9
1.6
1.3
L4
1. 1
.6
.6
.3
.1
.0
.3
4
1.4
3.3
6.4
11.4
11.2
7.2
.9
10.9
4.2
.8
1.4
.4
2
2
'.2
.6
.5
1.3
.2
.5
.9
1.7
1.7
1. 1
-.1
1.7
.6
6.7
3.5
5.4
6.2
2.8
11.4
10.7
5.0
.7
.6
.8
.8
.9
.3
1.1
.7
1.0
.6
.9
.8
.4
1.6
1.6
Average sensitivity 3
(Percent)
Percent change in
expenditure associated with a 1
percent change in
income
Postwar Prewar
1946-54 1929-40
0.8 ; i VII. Personal business
.9
.5 VIII. Transportation
.8
1. User-operated transportation...
a. New cars and net purchases of used cars
.2
b. Tires, tubes, accessories, arid parts
.4
c. Automobile repair, greasing, washing, parki
ing, storage, and rental
!i
d.
Gasoline and oil
.1
f.
Automobile
insurance premiums less claims
.1
1. Group numbers correspond to the classifications in table 30, July 1955 National Income
Number of the SURVEY OF CURRENT BUSINESS. Some of the items in table 30 have been
omitted either because they cover a large number of heterogeneous small groups in the "other"
category, or there is relatively less interest in the particular groups, or it is known a priori that
income is not a relevant factor.
2. Based on least squares using equation C—a( J ?+r) t where C = consumption expenditures
t^time, arid the calculated constant r = average annual rate of increase or decrease.
Group !
Postwar
1947-54 ;
4.2
3.0
1.2
III. Personal care
_ . . ._
1. Toilet articles and preparations
2. Barbershops, beauty parlors, and baths
IV. Housing
1. Owner-occupied nonfarm dwellings — space-rental
value
2. Tenant-occupied nonfarm dwellings (including
lodging houses) — space rent
0.9
1. 0
1.0
.5
i
Average
annual
rate of
increase 2
2. Purchased local transportation
a. Street arid electric railway and local bus
b Taxicab
3. Purchased intercity transportation
a. Railway (excluding commutation) and
sleeping and parlor car
. . .
10.7
0.8
1.6
9.6
11.7
6.2
1.1
1.2
2.1
1.3
1.3
1.4
1.7
.9
6.4
10.7
1.1
.5
.9
1.5
< 14. 6
1.2
.9
1.4
.7
.6
.6
.5
1.3
1.2
2.2
.2
.]
.2
.2
-3. 8
1.4
T-il
'.7
— .6
.0
2.7
58.1
c. Airline
IX. Recreation
1. Books and maps 2. Magazines, newspapers, and sheet music
3. Nondurable toys and sport supplies
4. Wheel goods, durable toys, sport equipment, boats,
and pleasure aircraft . .
5. Radio and television receivers, records, and musical
instruments
6. Radio and television repair
7. Flowers, seeds, and potted plants
8. Admissions to specified spectator amusements
a JVIotion picture theaters
b. Legitimate theaters and opera, and entertainments of nonprofit institutions (except athletics)
c. Spectator sports
9. Clubs and fraternal organizations except insurance,
10. Commercial participant amusements
1. Higher education .. .
2. Elementary and secondary schools
XI. Religious and welfare activities
XII. Foreign travel and remittances— net
1. Foreign travel by United States residents
Postwar
1947-54
4.2
1.9
5.2
5.0
1.2
.5
1.0
.7
.0
.7
.8
4.7
1.5
.0
8.4
15.9
6.2
2.5
1. 1
1.6
1. 1
3. 6
1.0
-2.7
-3.8
.8
.8
— .4
—.6
1.4
.5
5.2
5.0
1.5
.8
.4
1.0
—.1
.7
6
7
1.1
10.2
* 6.9
12.7
.6
.3
.6
1.4
1. 1
1.8
6.7
.4
1.0
13. 5
11.9
i!o
2.1
3. Based on least squares using equation C=aYa(l-\-r)^ for the period 1929-40, and C—aYa
for the period 1947-54 where C = consumption expenditures, Y=disposable personal income,
t^time. The exponent a derived from the data is an approximate measure of the income
sensitivity of the expenditure item.
4. Excluding 1946. 5. Excluding 1940-47.
6. Excluding 1946-48.
7. Excluding
1946-49.
Source: U. S. Department of Commerce, OHlce of Business Economics.
Examples of Shifts from the Prewar to the Postwar Relationship
between Expenditures and Income
3.6 3.2 -
3.2
2.8
FURNITURE
AUTOMOBILE
REPAIRS
2.4
2.8
2.4
2.0
2.0
1.6
1.6
1.2
1.2
.8
.8
-4
O
Q
U.
.4
405
40
<J>
^
u)
K
3.2
2.8
80
120
160
200
280
1.6
TELEPHONE, TELEGRAPH,
CABLE, AND WIRELESS
1.2
I
200
JEWELRY AND WATCHES
I
I
I
280
46
47 48
3
^4R ^^—53
^r^^tC*.
«> f;•'
^^
,45
.44
.8
'°
ki
I
160
1.0
2
1.6
I
120
1.2
2.4 -
S
Uj
80
.6
.8
I
40
.4
40
80
I
I
I
120
160
200
I
I
/ 34
80
120
I
I
I
I
160 200
280
160 200
280
I I
280
NONDURABLE TOYS AND
SPORT SUPPLIES
2.0
d
DRUG PREPARATIONS
AND SUNDRIES
1.6
1.2
.8
40
80
1
I
1
120
160
200
DISPOSABLE
a e. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS
1
1
1
1
.2
80
280
PERSONAL INCOME
(BILLIONS
120
OF DOLLARS)
I
September 1955
SURVEY OF CURRENT BUSINESS
In some categories the percentage change has been remarkably steady from 1 year to the next. In others there
has been pronounced variability in the rate of increase,
including cases where it has been decelerating in the more
recent postwar years. Since projection based on short
term growth is often used as a method of estimation for
periods ahead, considerable care must be exercised if the
average postwar rate of growth is employed in projecting
these expenditures. Obviously, the period involved is
much too short to permit the use of this method with any
degree of confidence. In any case, other factors must be
considered which may influence the observed rate of growth.
Shift in sensitivity—from prewar to postwar
In the last 2 columns of table 2 income sensitivity coefficients are given for 77 major groups and3 principal subgroups
of expenditures derived by correlating dollar expenditures
for each item with disposable personal income over the base
periods 1929-40 and 1947-54. These calculations are based
on the most recent data published in the 1954 Edition of the
National Income Supplement and in the July 1955 National
Income Number of the SURVEY OF CURRENT BUSINESS.
The numbers in the table indicate the percent change in
expenditures associated with a 1 percent change in the disposable personal income. For example, in the case of shoes
and other footwear, the prewar coefficient is 0.8 and the
postwar 0.4. This means that on the average a 1 percent
change in prewar income was associated with a change of 0.8
percent in purchases of shoes, whereas a 1 percent change in
the postwar income was associated with only 0.4 percent
change in the purchases of shoes. It should be noted that
any other given percentage change in income could be used
with the corresponding change in expenditure varying in
proportion; thus, in the example above a 10-percent change
in income is associated with an 8-percent change in shoe
purchases in the prewar period and a 4-percent change in the
postwar period.
In each of the two periods the response of total dollar
expenditures to changes in income has been approximately
the same; for example, in both periods a 10-percent increase
(or decrease) in income has been associated on the average
with a rise (or decline) of about 8}£ percent in total personal
consumption expenditures. In both periods the expenditure categories have shown wide variations among the groups
in their response to fluctuations in income. In the prewar
period among the most sensitive groups (namely, those
showing the most marked response to a change in income)
were radio sets, automobiles, and furniture, while among
the least sensitive were included the household utilities, and
gasoline and oil. In the postwar period, among the most
sensitive were radio and television repair, airline transportation, and new cars, and among the least sensitive were
clothing, shoe cleaning and repair, and local transportation.
However, of special interest is the fact that apparently
many items have shown a marked shift in response to income change from the prewar to the postwar periods.
As has been previously pointed out, the postwar years
have been characterized by a persistent upward movement,
with two relatively moderate declining periods interrupting
3. The correlation equation used is linear in logarithms with disposable personal income
as the independent variable. Time was introduced as an additional independent variable
in deriving the relationship for the prewar period so as to improve the total correlation. The
sensitivity coefficients did not differ materially when derived either from the regression with
time as an added factor or from that without time.
There is a distinction between income-sensitivity as used in this article and the incomeelasticity of demand. In the latter case quantities purchased are used and the incomeelasticity is derived from an equation involving the major factors of demand such as income
and price.
In the case of the coefficient of income-sensitivity, the purpose is to obtain a measure of
the percent change in dollar expenditures which would be associated with a given percent
change in income, all other factors being equal. Thus, to the extent that other factors are
correlated with income, the income-sensitivity coefficient will tend to reflect not only the
influence of income on consumption, but also by proxy the effects of other factors whose
movements are highly intercorrelated with income.
31
the advance in total economic activity. Thus, there is no
basis for testing empirically the nature of the consumer
response under conditions of sharply falling incomes. Furthermore, the experience associated with growth when high
employment is continually maintained, is quite different
from that in a period in which the use of resources is considerably below full utilization. Thus, even if it were possible
technically to develop valid relationships between expenditures and income, it could be expected that they would
differ from similar relationships derived from the prewar
years.
A further problem is that both expenditures arid income
were apparently strongly influenced by their levels in prior
years in addition to those in the current year. Throughout
the period, the large volume of liquid assets of consumers
which were accumulated from past savings were available
to supplement the new purchasing power of the current
year. As a result of pronounced serial correlation in the
data, the usual correlation procecdures may not necessarily
yield reliable relationships,
particularly in view of the small
number of observations.4
The effect of the rather steady rise in the postwar period
in expenditures for most groups of goods and services on the
determination of the sensitivity coefficients, is brought out
by introducing in the correlation time as a separate independent variable along with disposable personal income.
The coefficients of income sensitivity thus obtained were
in most cases materially different from those derived without the use of the time factor, reflecting the influence of the
strong intercorrelation between time and the other variables
included in the equation.
Taking into account these limitations of the sensitivity
coefficients and the care which is required in their use, as
indicated below, it is of interest to examine briefly the shifts
in the response of expenditures to income changes from the
prewar to the postwar periods. For many items the sensitivity coefficient decreased in value between the two periods,
while for many others, the response to fluctuations in income was even more pronounced in the postwar period than
in the prewar years. In a few cases the coefficients were
about the same in both periods.
The scatter charts illustrate the way in which expenditures
were related to income in the prewar and postwar periods
for selected categories. Both the horizontal and vertical
scales are ratio scales so as to facilitate comparison of percentage changes in expenditures and income. Two lines,
representing linear regressions are shown in each panel—one
determined from the prewar years and the other derived from
the postwar years.
Three distinct patterns are brought out in the chart.
First, typified by furniture, and jewelry and watches, are
the groups where there is a definite reduction in the response
of consumer expenditures to fluctuations in income in the
postwar period from that in the earlier years. This is
indicated by the smaller value of the sensitivity coefficient
in the postwar period. Of the 27 goods categories, 20 showed
a significantly smaller sensitivity in the postwar period
compared with prewar; of the 34 groups of services, 14
showed a smaller sensitivity.
Second, illustrated by expenditures for telephone, telegraph, etc., are the cases where the sensitivity is much greater
in the postwar period than in the prewar. There are 18 of
these cases, mostly in the service categories. Other impor4. A method often employed to minimize the effect of strong time trends in the variables
is to correlate the first differences of expenditures to the first differences of income instead
of using the variables directly. Such correlations were calculated for the major catergories
of consumption for both the prewar and postwar periods. Most of the groups showed a low
order of correlation for the prewar period. The results for the postwar years were even less
satisfactory with most of the categories showing very little or no correlation. It is interesting
to note that much more significant correlations were obtained by the use of the first difference
method for the prewar period by Stone in his analysis of consumption in Great Britain.
See: Richard Stone, "Measurement of Consumer Behavior in the United Kingdom, 1920-38",
Cambridge University Press (1954).
SURVEY OF CURRENT BUSINESS
32
tant categories showing this characteristic are housing,
household utilities, automobile insurance, airline transportation, and radio and television repairs. Finally, the last
and smallest group consists of cases where the sensitivity is
approximately the same in both periods. This is illustrated
in the chart by drugs, nondurable toys, and auto repair.
It should be noted that although the sensitivity is little
changed, in these cases the level of expenditures in the postwar period has shifted upward relative to income.
Limitations of use of sensitivity
coefficients
With reference to practical uses of the postwar sensitivity
coefficients shown in table 2, it is clear from the foregoing
discussion that they reflect in most cases significant departures from those derived from the prewar experience.
The findings may be briefly summarized as follows:
1. The coefficients based on the prewar period reflect
prewar cyclical sensitivity and represent the averaging of
cyclical ups and downs under conditions of underutllization
of resources.
September 1055
2. The coefficients based on the postwar period are measures of sensitivity under postwar conditions of increasing
economic activity and close to full use of resources.
3. For many expenditure groups the postwar coefficients
are not likely to measure cyclical sensitivity to income
changes but rather are apt to reflect the longer-run association between expenditures and income when both are in
the same phase of the cycle.
The postwar coefficients may be used with some degree of
confidence only if the period ahead is expected to show
similar characteristics to those of the recent postwar years,
namely, continued advances in economic activity.
The coefficients may prove to be poor guides if they are
used to estimate the response of consumer expenditure
categories under assumptions of significant cyclical declines.
The postwar experience so far does not shed light on what the
nature of the response is likely to be under such assumptions.
It is also clear, that with few exceptions the sensitivity coefficients derived from the prewar experience would probably
not be good guides to the response to be expected under
various assumptions applicable to the current postwar
period.
Personal Income by States, 1929—54
(Continued from page 22)
employee portion covers contributions for old-age and survivors insurance, railroad retirement insurance, State unemployment insurance, cash sickness compensation, and
government employee retirement systems as well as premium
payments for Government life insurance. Contributions
of the self-employed relate to old-age and survivors insurance.
They were first made in 1952 under amendments extending
coverage of the OASI system as of January 1, 1951.
Both in definition and statistically, the personal contributions item in State personal income is the same as that which
enters the national accounts except for an overseas adjustment for contributions made by Federal employees.
Individuals' contributions for social insurance, it will be
recalled, were not shown separately in the income payments
series. Rather, they were netted from "wages and salaries"
and "proprietors' income."
"Government income disbursements" measures the total
income flowing to residents of the States from Federal and
State and local governments. It comprises wages and
salaries (net of employee contributions for social insurance),
"other" labor income, interest, and transfer pa^yments.
Only payments made to individuals, it should be emphasized,
are included in the measure. It does not include government purchases from business; the personal income arising
from such purchases is covered, of course, in the private
income flows.
"Private nonfarm income" in table 4 is equal to total
personal income less farm income and government income
disbursements as defined above. As indicated, it is slightly
overstated because of the inclusion of interest and dividends
from farming.
Broad industrial sectors
Per capita personal income
The last 3 columns of table 4 show the amounts of personal
income received in each State from farming, government,
and private nonfarm pursuits. Separate focus on these 3
sectors has been found essential for analysis of both the
composition and movement of total personal income by
States and regions.
"Farm income" consists of net income of farm proprietors
and farm wages (net of employee contributions under the
OASI program). It falls somewhat short of being a complete measure of all personal income attributable to farming
since it does not cover individuals' receipts of farm interest
or dividends. For agriculture, as for other private industries, basic statistical data by States do not show the industrial sources of personal income components other than
payrolls and net income of proprietors.
This average is derived by division of total personal
income by total population. It is particularly useful for
geographic and temporal comparisons of average income on
an annual basis.
The population data used for most years in deriving per
capita personal income by States were the mid-year estimates of the Bureau of the Census. For 1941-47, however,
population by States was measured as the sum of (1) civilian
population as represented by Census mid-year estimates and
(2) military personnel as derived from monthly or quarterly
information supplied b}^ the several military services. For
the latter, a monthly or quarterly average was used for these
}Tears because it tended to differ appreciably from a single
mid-vear observation.
WlontUy BUSINESS STATISTICS
JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1953 Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1949 to 1952, and monthly averages for earlier years
back to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1949. Series
added or revised since publication of the 1953 Supplement are indicated by an asterisk (*) 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,
vided through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
Data from private sources are pro-
1954
August
July
1955
Septem- October Novern- December
ber
ber
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates :t
National income total
bil of dol
Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries
do
do
do
do
do
do
_
Proprietors' and rental income, total d"
do
Business and professionalc?
- do
Farm
__
_.
do
Rental income of persons..-do
Corporate profits and inventory valuation adjustment, total
bil of dol
Corporate profits before tax, total
do
Corporate profits tax liability
do. _
Corporate profits after tax
_
do
Inventory valuation adjustment
do.-.
Net interest
. do
Gross national product, total
298. 7
303 2
311 4
207.8
196.1
162 1
9.4
24.5
11.7
209 8
198.1
163 8
9.3
25 0
11.8
213 1
200 8
166 5
91
25 3
12.2
219 5
207.0
171 7
9.3
25 9
12.5
48.3
26.0
11.7
10.6
48.2
26 3
11.2
10.7
48.8
26 6
11.5
10.7
48.7
27 1
11.0
10.7
33 1
33.5
16.8
16.7
-.5
9.5
35 5
36.0
18.1
17 9
9.7
39 6
40.9
20.5
20 4
-1.3
9 9
10 3
Q
___
_ do
358.8
367. 1
375 3
384 8
Personal consumption expenditures, total
Durable goods- __
Nondurable goods...
__
Services __
.
do
do
do
do
237.9
29.4
121.5
87 0
241 . 0
30 4
122 5
88 1
245
34
122
89
8
4
4
0
250. 5
35 1
125.3
90 2
45 9
28.5
22.2
-4.9
50 7
29.4
21 9
&
54 1
31 2
21 5
15
60 1
32. 1
23 7
4.3
— 4
— 7
75.8
47.7
42 1
28 1
74.5
45 7
40 5
28 7
75
46
41
29
74.9
45 2
40 4
29 7
287.3
32.8
254.5
16.6
290.8
33 1
257.8
16.8
293 6
32 6
261.0
15 3
Gross private domestic investment, total . d o
New construction
do
Producers' durable equipment
_..do .__
Change in business inventories
do
Net foreign investment.
do
Government purchases of goods and services, total
bil. of dol. .
Federal (less Government sales)
do
National security 9
do
State and local
do
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income.
Personal saving§ ...
.9
do
do
...do
_ do
8
4
2
4
300
33
267
16
5
4
1
6
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates: f
Total personal income.
Wage and salary disbursements, total
Commodity-producing industries
Distributive industries
Service industries
Government- _ _ _ .
bil. of dol
do
do
do
do
do
Other labor income
do
Proprietors' and rental income
do
Personal interest income and dividends ._ do
Transfer payments _.
.
do
Less personal contributions for social insurance
bil. of dol. .
287. 1
286 7
287 9
288 4
290 8
293 4
292 2
293 2
295 7
298 9
301 4
r 301 6
304 7
196.6
83.8
52.8
26.2
33 8
195.8
83. 1
52 5
26 3
33 9
195.8
82.8
52 5
26 3
34 2
196 8
83.4
52 7
26 5
34 2
198 6
85.2
52 5
26 6
34 3
198 8
84.8
53 1
26 6
34 3
199 o
85.4
59 9
26 8
34 2
200 3
86.3
53 0
26 7
34 3
202 6
87.' 8
53 6
27 0
34 2
204 6
88.9
53 6
27 2
34 9
9Q7 3
90.6
54 5
27 4
34 8
r 208 0
r
90. 9
54 9
27 4
34 8
211 6
91.6
55 2
27 6
6.6
47.6
24.6
16. 1
6 6
48.1
24.7
16 1
6 6
49.0
24.7
16.3
6 7
47.5
24.9
17 0
6 7
48.3
24 9
16 8
6 7
48.9
26 5
17 1
6 8
49! 1
25 0
17 0
6 8
48.8
25 3
17 0
6 8
48.5
25 5
17 4
6 9
49.0
25 9
17 6
48.8
26 1
17 5
4.4
4.6
4.5
4.5
4.5
4.6
5.0
5.0
5.1
5.1
5.2
6 Q
r
fi Q
48. 5
26 3
97 o
7 n
r 17 1
48.0
26 5
16 9
5.2
5.3
Total nonagricultural income
do
272.1
272.1
271.5
273.8
275.9
276.5
277.7
278.1
283.7
286.6 ' 287. 2 291.1
280.9
r
Revised.
IRevised series. Effective with the July 1955 issue of the SURVEY, estimates of national income and product and personal income have been revised back to 1952 (see pp 24 25 and
27); for quarterly or monthly data prior to 1952, see the 1954 NATIONAL INCOME SUPPLEMENT.
cf Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown
as a component of gross national product above.
354783°—55
5
S—1
SUEVEY OF CUKKENT BUSINESS
S-2
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 1955
1954
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals :J
All industries
mil ofdol
Manufacturing
Durable-goods industries
Nondurable-goods industries
do
do
do
Mining
(Jo
Railroads
do
Transportation other than rail
do
Public utilities
do
Commercial and other
do
Seasonally adjusted quarterly totals at annual rates:
All industries
bil of dol
Manufacturing
M.ining
- _ -
do
do
Transportation other than rail
Public utilities
do
do
6 640
6,988
5,847
2 645
1,207
1 438
2, 965
1,373
1 592
2,249
1,063
1, 186
251
179
374
1,060
2 133
244
180
379
1,109
2, 110
186
179
359
845
2,030
26 84
26. 18
25 65
10.98
1.00
80
1.51
4.12
8.42
10.58
.91
.68
1.53
4.01
8.46
10.17
.80
74
1.46
4.01
8.46
1
' 7, 009
r
2, 795
'r 1,278
1,517
r
r
T
r
235
'217
'420
1, 052
2 290
i 27 19
' 10. 84
94
80
r
1 62
'4.09
T
8 90
FARM INCOME AND MARKETINGSt
Cash receipts from farming, including Government
payments total
mil. of dol
Farm marketings and CCC loans, total
do
Crops
_do__
Livestoek and products, total
do
Dairy products
_do
Meat animals
do
Poultry and eggs
_ -do.
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1935-39=100
Crops
-__do__
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1935-39=100..
Crops
do .
Livestock and products
do
3,190
3,178
1,780
1,398
326
796
260
3, 506
3, 497
2,032
1,465
335
835
278
3,191
3,172
1,655
1,517
320
885
298
2,809
2,779
1,474
1,305
327
702
261
2, 571
2, 536
1 , 245
1,291
311
741
219
1,948
1,917
738
1,179
299
618
243
1,921
1,898
577
1,321
348
671
286
1,998
1,983
645
1,338
365
674
272
1,919
1,902
51!
1,391
396
673
283
1 959
1,948
1,258
360
628
248
2,481
2,469
1,111
1, 358
349
732
262
330
328
331
372
393
357
479
629
368
528
718
386
479
585
399
419
521
344
382
440
340
289
261
310
286
204
348
299
228
352
287
181
366
294
231
341
148
132
160
163
155
168
201
233
177
222
263
191
196
199
193
176
182
171
165
167
163
129
106
146
129
79
166
130
80
169
134
67
184
135
90
169
116
123
126
130
130
128
131
135
137
138
138
139
'131
f> 140
do
do
do
do
do
.do
do
.do-..
do
do
116
125
94
96
142
138
116
128
119
145
125
132
100
97
139
144
124
138
118
176
127
135
103
102
137
145
124
145
122
189
132
140
112
112
142
150
126
150
121
207
132
143
118
122
158
154
125
150
121
206
129
143
117
121
16C
156
124
14C
123
191
133
147
129
130
159
159
124
148
126
191
136
151
136
138
167
162
126
152
129
196
140
154
142
146
169
165
130
154
132
195
140
155
144
148
166
166
131
152
134
189
139
155
143
151
166
165
134
151
135
181
141
155
••132
' 146
' 122
133
v 141
v 154
v 134
••158
'130
P164
P 139
v 154
p 133
P 196
do
do_ ...
do
do
do
_do
do
do
do
165
125
78
469
132
99
9]
128
121
165
123
79
465
132
107
102
134
13C
155
81
74
470
137
111
123
136
136
159
70
78
464
138
113
134
139
140
179
144
93
471
140
112
123
137
139
191
174
94
478
142
112
lib
134
13^
200
195
98
479
140
109
117
132
129
205
210
87
477
142
113
125
134
134
209
215
104
479
145
114
126
140
136
213
223
137
472
144
111
128
146
133
209
205
132
469
142
113
129
149
136
do ..
do
do
do
do
do
_do _ _
do
do
do
do....
107
109
107
102
99
118
10;
92
82
85
68
117
115
117
108
98
108
96
111
97
101
74
119
120
124
120
98
107
98
109
97
UK
67
123
117
118
127
99
110
107
11]
103
109
69
120
110
113
135
98
97
99
103
102
110
69
115
101
104
13f
98
88
8^
83
98
l(fc
70
119
98
102
138
94
84
80
105
104
11<
70
122
97
99
124
95
89
86
104
108
116
72
125
100
100
128
95
101
100
105
109
118
74
124
101
100
118
94
107
106
99
109
118
79
124
104
102
114
97
113
107
109
108
' 116
83
do
do ___
do
do _
__.do
_ do
do
do
do
do
91
87
120
116
113
'138
145
122
130
85
110
101
137
134
116
144
150
124
131
94
101
94
137
133
122
149
153
127
133
118
106
98
146
140
125
155
160
126
132
132
107
94
140
139
125
156
165
129
136
124
99
94
129
127
123
156
166
129
140
128
113
105
140
140
118
157
169
132
142
145
116
112
148
147
121
162
176
134
144
144
123
113
152
150
126
165
184
133
139
146
116
105
154
148
126
164
182
132
136
' 147
113
100
153
151
126
164
182
131
135
145
2,205
2,187
929
653
1, 295
P 2, 100
"900
P 1, 200
387
611
262
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume t
Unadjusted combined indext
1947-49=100
Manufactures
Durable manufactures _
_
Primary metals
Steel
Primary nonferrous metals
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
- - ...
Nonelectrical machinery. _
Electrical machinery
. ...
Transportation equipment _
Autos
_Trucks
Aircraft and parts
Instruments and related products
Furniture andfixtures. ._ _ _
Lumber and products
Stone, clay, and glass products
Miscellaneous manufactures _
Nondurable manufactures
Food and beverage manufactures
Food manufactures
Meat products
..Bakery products ._
_
Beverages
_
Alcoholic beverages.
Tobacco manufactures
Textile-mill products
Cotton and synthetic fabrics
Wool textiles
__
Apparel and allied products
Leather and products _.
Paper and allied products
Pulp and paper
_.
_
Printing and publishing
.._
Chemicals and allied products .
Industrial chemicals
Petroleum and coal products ._
Petroleum refining
Rubber products
._
.
' 144
r
147
167
163
135
153
137
184
200
184
134
466
149
' 116
137
155
139
T
r
12f
112
108
114
100
••131
'166
'202
195
126
471
' 147
113
' 118
' 148
' 133
' 118
112
108
104
100
v 195
v
v
p
v
p
152
122
136
153
142
v 129
127
117
116
106
110
'85
r 1Q9
r
14;
105
156
153
126
164
185
136
r 140
r 151
92
96
73
95
93
141
119
158
177
' 135
141
121
v 121
•P 138
110
P 123
111
112
114
r 121
114
111
117
119
Minerals
do
118
122
120
' 119
77
75
57
68
72
75
70
Coal
do
77
79
77
71
74
v 83
r 139
133
130
r 138
138
129
142
130
136
f 138
Crude oil and natural gas
do
144
144
' 143
140
108
98
79
100
r 142
92
Metal mining
do
76
79
85
86
101
131
114
130
130
129
122
129
115
126
Stone and earth minerals
do
113
122
133
128
134
135
r
Revised v Preliminary 1 Estimates for the 3d and 4th quarters of 1955, based on anticipated capital expenditures of business, appear on p. 4 of this issue of the SURVEY.
{Revisions for 1952 for new plant and equipment appear on p. 10 of the March 1954 SURVEY; those for 1953 appear on p. 8 of the March 1955 SURVEY. Revisions for 1952* and 1953 for farm
income and marketings are on p. 24 of the January 1955 SURVEY; for 1951, on p. 24 of the April 1954 SURVEY.
t Revised series. 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 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
July
Supplement to the Survey
S-3
1954
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
August
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Physical Volume 9— Con.
Adjusted, combined index
1947-49=100.-
123
123
124
126
128
130
132
133
135
136
138
139
'139
P140
do
do
__do_ _
_. do
do
do
do _ _
do
124
125
135
105
148
' 123
144
125
181
126
137
105
149
122
147
125
189
128
139
111
150
124
147
123
194
130
142
118
152
125
148
122
198
131
143
121
154
125
145
120
193
133
145
127
155
125
145
124
187
134
147
131
157
126
146
125
187
136
148
136
157
129
146
126
184
138
151
138
160
130
149
131
185
140
153
140
162
134
151
134
183
141
155
' 143
163
135
155
136
r
193
'141
'155
'134
'167
'135
158
'138
'198
142
158
141
169
138
162
141
202
203
155
124
130
150
145
Manufactures
Durable manufactures
Primary metals
Metal fabricating (in cl. ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery.
Electrical machinery
__
134
103
147
••121
141
125
173
do
do
do
do
do
do
170
136
106
96
131
130
166
135
'108
97
132
133
167
137
109
116
134
132
169
137
110
128
132
132
175
138
108
124
136
132
187
140
108
131
135
131
191
140
109
129
136
132
193
142
109
127
138
133
195
143
112
127
143
135
197
143
113
127
146
135
199
142
117
128
149
140
194
149
'121
133
153
143
'202
' 151
122
' 125
' 151
'143
do
do
do
do
do
do
114
105
101
95
102
100
114
105
99
94
103
96
115
105
102
95
101
91
117
105
102
101
103
94
118
106
100
101
105
96
119
106
101
101
107
100
121
107
107
103
108
105
121
106
106
103
106
104
124
109
107
104
115
105
125
110
103
109
114
105
127
110
109
109
117
105
'127
'110
109
' 106
'115
107
' 126
108
Paper and allied products
Printing and publishing.
do
do
do
do
135
121
149
121
98
137
121
150
125
117
138
121
150
124
125
137
120
152
127
122
136
121
155
129
133
140
122
154
131
143
143
122
157
134
138
147
124
160
134
140
151
123
162
136
144
156
125
167
134
147
I5f>
Petroleum and coal products
Rubber products
133
121
148
122
97
150
127
170
' 135
137
do _
do
do
do
do
112
70
133
91
125
109
68
130
83
121
108
67
129
82
121
109
70
130
81
121
113
69
136
86
125
116
73
138
103
127
120
74
142
110
126
123
79
144
114
124
121
72
144
113
132
120
72
' 143
100
129
121
8.1
140
r
111
' 129
' 122
86
'139
117
129
'120
87
' 138
102
107
125
92
89
88
116
90
113
121
123
121
102
101
234
94
108
111
81
139
108
122
279
101
109
111
70
149
111
124
338
104
129
142
144
142
108
116
324
100
132
149
174
130
10£
108
258
94
142
163
195
137
108
124
260
95
151
174
210
146
111
138
272
97
155
179
215
151
114
151
260
99
156
180
223
145
111
150
228
99
147
167
205
136
109
145
189
102
144
160
184
' 141
113
' 152
192
106
' 137
' 152
195
' 115
105
115
143
'103
* 139
» 153
v 166
»143
116
126
127
127
102
114
241
93
115
125
121
131
106
109
270
91
114
121
110
132
107
112
267
98
112
117
104
131
106
110
270
98
119
128
127
130
103
114
259
97
125
137
149
129
105
115
242
96
131
145
160
133
107
128
225
98
135
151
172
135
107
131
226
99
139
156
179
138
109
137
222
100
144
163
190
142
110
145
226
100
145
164
189
143
113
146
222
103
147
' 164
180
' 153
117
' 150
269
106
' 153
174
195
' 157
118
151
290
'106
f 152
"173
v 194
»157
Transportation equipment
Instruments and related products
Furniture and fixtures _.
Lumber and products
Stone, clay, and glass products
Miscellaneous manufactures
_
Nondurable manufactures
Food and beverage manufactures
Tobacco manufactures
Textile-mill products
Apparel and allied products
Leather and products
Minerals
Coal .
Crude oil and natural gas
M^etal mining
Stone and earth minerals
T
127
169
136
149
P126
107
113
107
* 126
r 135
"120
"83
P 138
CONSUMER DURABLES OUTPUT
Unadjusted, total output*
.
Major consumer durables
Autos.
.
Maior household goods. __ _ . .
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables
1947-49=100
do
do
do
do
do
do
do
Adjusted, total output* _
_.
Major consumer durables
Autos __ _
Major household goods
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables. _
.
do
do
do
do
do
do
do
do
"108
"106
BUSINESS SALES AND INVENTORIES§
Manufacturing and trade sales (adj.) total t
Wholesale trade, total .
Durable-goods establishments
Nondurable-goods establishments
Retail trade, total
Durable-goods stores.
Nondurable-goods stores
46.6
46.3
46,4
45.6
47 6
48.7
48 7
48 9
50 7
50 9
51 7
do
. d o
do
23.2
11.2
12.1
23.1
10.9
12.2
23.0
10.8
12.2
22.5
10.3
12.2
24 0
11.3
12 6
24.1
11.6
12.5
24 3
11 8
12 4
24 6
12 0
12 6
26.0
12.9
13 1
26 0
12.8
13 2
26 6
13 3
13 3
_ _ do
do
do_
9.1
3.0
6.1
9.1
2.9
6.1
9.2
2.9
6.3
9.0
2.8
6.2
9 3
2.9
6.3
9.5
3.0
6.5
9 5
3.1
6.4
9 5
3 1
6.4
9 7
3.2
6.5
9.6
3.2
6.4
do
do
do
14.3
4.9
9.4
14.2
4.8
9.4
14 2
4.8
9 4
14 1
4.7
9 4
14 4
4 9
9 4
15 1
5.3
9 8
14 9
51
9 7
14 8
5 2
96
15 1
5 5
9e
15 3
55
9 7
bil of dol
Manufacturing, totalf
Durable-goods industries _ _
Nondurable-goods industries _
.
Manufacturing and trade inventories, book value, end
of month (adjusted), total t
bil.ofdol
Manufacturing, total f _ _ , _
Durable-goods industries
Nondurable-goods industries
Wholesale trade, total
Durable-goods establishments
Nondurable-goods establishments
.
r
52 3
51 9
27 1
13. 5
13 6
26 7
13.5
13 2
9 7
33
6.4
9 7
3.3
6.5
96
3.3
6.3
15 4
55
99
15 4
56
98
15 5
5 7
98
r
77.6
77.3
77.0
76.9
77.1
76.9
76.9
77.3
77 5
77.7
78 3
78 8
79 2
do
do
do
43.4
24.0
19.4
43.1
23.8
19.2
42 9
23.7
19.2
43 2
23.9
19.3
43 3
24.0
19.3
43 3
24.0
19.2
43 2
24.0
19 2
43 3
24.0
19 2
43 3
24.1
19 2
43 3
24.2
19 1
43 5
24.3
19 2
43 8
24.5
19 3
43 9
24. 5
19 4
do
do
do
11.8
5.8
6.0
11.8
5.8
5.9
11.7
5.8
5.9
11.7
5.9
5.9
11 7
5.9
5.9
11.5
5.7
5.8
11 5
5.7
5.8
11 7
5.7
5.9
11 6
5.7
5.9
11 7
5.7
5.9
11 8
5.8
6.0
11 8
5.9
5.9
11 9
6.0
5.9
22 0
10 0
12.0
22 1
10 0
12! 1
22 1
10 1
12.0
22 2
10 2
12! 1
12'. o
22 4
10 3
22 6
10 5
12.1
22 8
10 5
12.2
23 0
10 8
12.3
23 2
10 8
12! 4
23 4
10 9
12.5
Retail trade, total
do _
22.4
22.5
22 4
Durable-goods stores
- d o
10 2
10 3
10 2
Nondurable-goods stores
do
12.2
12.2
12.2
' Revised.
r> Preliminary.
9 See note marked "t" on p. S-2.
*New series. Compiled by the Board of Governors of the Federal Reserve System. For
description of the index and back figures, see the May 1954 FEDERAL RESERVE BULLETIN and subse-
§The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on p. S-4; those for retail and wholesale trade, on pp. S-9 and S-10.
fRevised series. Effective with the May and June 1955 issues of the SURVEY, data for manufacturers' sales, inventories, and orders have been adjusted to new benchmarks' the revision
Sftects data beginning 1951 (the back revisions for sales and inventories, except by stages of fabrication, appear on pp. 20 ff. of the May SURVEY; those for inventories by stages of fabrication
and for new and unfilled orders, on pp. 21 ff. of the June SURVEY).
SURVEY OF CUEEENT BUSINESS
S-4
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 1955
1954
July
1955
October|NobVeem. DecemAugust September
ber
January
February
March
April
June
May
July
August
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted), total f
mil. ofdol
Durable-goods industries, total
_
.- do
Primary metal
- do
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
_mil. of dol
L/umber and furniture
- - do
Stone clay, and glass
- do __
Other durable-goods industries
-- do
21 , 728
10, 191
1, 421
1,109
2,772
23,164
10, 701
1, 529
1,240
2,884
23, 672
10, 952
1,614
1,223
3,138
23. 638
10. 689
1,646
1,216
3, 065
23 691
11.088
1, 683
1,103
2,993
24, 1 64
11,737
1,793
1,043
3,287
23 699
11,400
1,873
1 078
2,920
23 971
11 796
1,898
1 090
3 134
27 550
13 899
2, 225
1 291
3 628
2,575
839
576
899
2, 459
1,002
625
962
2, 205
1,091
652
1,029
2,053
1,000
640
1,069
2,728
987
594
1,000
3, 213
955
530
916
3,166
944
498
921
3 239
1,009
505
921
3 852
1,176
651
1,076
3 805
1 100
643
970
do
- do
do do
__do _ _ _ _ _ _ d o ..
do
- do
- - do
11. 537
4, 041
319
861
680
1, 493
2,103
377
1,663
12, 463
4,092
338
1,058
751
1,626
2,122
363
2,113
12, 720
4,145
330
1,169
736
1,717
2,101
343
2, 1 79
12, 949
4,234
285
1, 131
764
1,707
2,140
374
2,314
12, 603
4,068
315
1,122
733
1,677
2,218
372
2,098
12, 427
3, 975
317
1,077
712
1,621
2,470
400
1, 855
12, 299
3,908
277
1,047
756
1. 776
2,339
437
1,759
12, 175
3,799
268
1.004
731
1,737
2,238
418
1,980
13, 651
4,117
309
1, 151
847
2, 025
2.388
475
2, 339
12 996
4 045
300
1,072
803
2,006
2 238
459
2 073
12 935 ' 13 420 12 548
' 4, 377
4,176
4 138
'343
343
317
'1,148
1,043
928
'844
824
772
'1,955
1,789
1,979
' 2 338 2,305
2 229
488
460
1 881 ' 1 927 1 853
Sales value (adjusted) total f
-- do
Durable-goods industries, total _
do
Primary metal
do
Fabricated metal
do .
Machinery (including electrical) _ do
Transportation equipment (including motor
vehicles)
_- mil. of dol .
lumber and furniture
- do _ _
Stone clay and glass
do
Other durable-goods industries
do
23, 209
11, 153
1,634
1, 205
3, 151
23, 113
10, 907
1 , 569
1,181
3,037
23, 008
10,832
1,662
1.154
3,081
22, 489
10. 295
1,596
1,067
2,976
23, 964
11,314
1,703
1.126
3,084
24, 097
11,570
1,719
1,098
3,147
24, 287
11,850
1,829
1,123
3, 075
24, 649
12, 029
1,950
1,147
3,130
25, 976
12, 860
2,087
1,253
3.318
26, 025
12, 805
2 133
1,278
3,193
26 651 ' 27, 111 26 763
13, 322 ' 13, 527 13, 533
2 213 ' 2 315 2 168
1,359
1^325 '1,383
3, 514
3 410 ' 3, 547
2,666
932
588
977
2,572
992
584
972
2,317
1,049
598
971
2,159
952
582
963
2,865
997
577
962
3,061
985
596
964
3,221
1,026
586
990
3,197
1,051
574
980
3, 486
1,069
632
1,015
3,546
1,048
637
970
3, 609
1, 125
652
988
' 3, 329
' 1, 208
' 688
1,057
3, 631
1.212
649
1,000
do_ do -_
do _ _
do
-do __
do _.
do. do
do
12, 056
4,082
307
990
731
1,569
2,124
393
1.860
12, 206
4,048
322
1,027
744
1.641
2,122
352
1,950
12, 176
3.979
311
1,063
729
1,657
2,101
346
1,990
12, 194
3,975
291
1,010
728
1,619
2,119
346
2, 106
12, 650
4,031
315
1, 100
733
1,761
2,240
404
2,066
12, 527
3,991
299
1,046
742
1,764
2,287
417
1,981
12, 437
3,993
298
1,068
741
1,740
2,293
424
1,880
12, 620
4,029
298
1,035
754
1,787
2,307
440
1,970
13,116
4,113
303
1,096
807
1,902
2,341
466
2,088
13, 220
4,246
326
1,117
787
1,912
2,284
445
2,103
13, 329
4,189
336
1,172
841
1,961
2,346
465
2,019
' 13, 584
' 4, 329
'318
'1,148
'844
' 1, 985
' 2, 386
465
' 2, 109
13, 230
4, 205
317
1,102
830
1,884
2,328
do
do
do _
43, 483
24, 078
3,133
2,660
8,192
42, 836
23, 670
3,148
2,537
8,052
42, 639
23, 462
3,151
2, 507
7,910
42, 891
23, 676
3, 196
2,422
7,861
43, 037
23, 694
3,246
2,393
7,852
43,511
24, 047
3,345
2,391
7,820
43, 503
24, 053
3,280
2,417
7,822
43, 477
24, 121
3,229
2,420
7,844
43, 483
24, 268
3,166
2,486
7,898
43, 344
24, 352
3,126
2 546
7, 955
43, 884
43 649 ' 43, 976
24, 539 ' 24, 755 24, 589
'3,116
3,191
3,134
' 2 716 2 704
2 601
7,991
8 029 ' 8, 078
5,440
1,633
861
2,159
5,338
1,586
836
2,173
5,362
1,566
827
2,139
5,702
1,587
813
2, 095
5,699
1,617
817
2,070
5, 825
1,690
860
2,116
5,831
1,719
882
2,102
5,863
1,742
907
2,116
5,940
1,731
914
2,133
5,922
1,736
915
2,152
5,925
1,752
915
2 183
6.9
9.4
7.8
6.7
9.3
7.6
6.7
9.3
7.4
6.6
9.6
7.5
6.6
9.6
7.5
6.5
9.7
7.8
6.4
9.8
7.9
6.3
9.8
8.0
6.2
10.0
8.1
6.2
10.0
8.2
6 3
10 0
83
19, 405
4,467
1,773
2,433
974
2,952
2,791
779
3,236
19, 166
4,460
1,759
2,373
19,215
4, 588
1,872
2,299
3,155
19,177
4,502
1,797
2,352
973
2,886
2,821
759
3,087
19, 343
4,735
1,880
2,292
1,001
2,969
2,786
795
2,885
19, 464
4,730
1,919
2,327
1,014
3,082
2,66?
821
2,902
19, 450
4,697
1,963
2,330
1,028
3,049
2,581
806
2,996
19, 356
4,543
1,934
2,38C
1, 055
3,045
2, 590
806
3,003
19, 215
4,391
1,901
2,396
1,057
3,022
2,587
821
3,040
18,992
4,228
1,857
2,404
1,044
2,967
2,605
824
3,063
7.8
2.7
8.9
7.7
2.7
8.8
7.8
2.7
8.7
7.8
2.7
8.7
7.9
2.7
8.7
8.1
2.7
8.7
7.9
2.8
8.7
7.9
2.9
8.6
7.8
2.9
8.5
7.7
2.9
8.4
7 6
2 9
8 5
43, 431
24, Oil
3,145
2,583
8,193
43, 059
23, 836
3,126
2,563
8 138
42, 908
23, 709
3,068
2,585
8,057
43, 168
23, 916
3,095
2,523
7,973
43, 270
23, 959
3,127
2,493
7,978
43, 265
24, 023
3,235
2,440
7,881
43, 196
23, 984
3,239
2,417
7,804
43, 256
24, 028
3,262
2,42C
7,794
43, 332
24, 112
3,288
2, 461
7,788
43, 264
24, 159
3, 266
2,496
7,816
43, 549
24, 304
3,236
2,501
7,919
' 43, 779
' 24, 457
' 3, 188
' 2, 587
' 7, 905
43, 920
24, 532
3, 187
2, 651
7,992
5,431
1,617
861
2,181
5,391
1,570
853
2,195
5, 419
1,566
853
2,161
5,728
1,603
856
2,138
5,772
1,617
860
2,112
5,780
1,690
860
2,137
5,838
1,719
865
2,102
5,861
1,724
872
2,095
5,883
1,714
887
2,091
5,864
1,719
888
2,110
5,876
1,735
897
2,140
' 5, 961
' 1, 747
'897
' 2, 172
5,920
1,741
904
2,137
6.9
9.4
7.7
6.7
9.3
7.8
6.7
9.3
7.7
6.5
9.6
7.8
6.5
9.7
7.8
6. J
9.8
7 9
6.4
9.7 I
7.9 !
6.3
9.8
7.£
6.3
9.9
7.9
6.5
9.9
7.8
6.5
10.0
7.9
6.6
' 10.0
6.7
10.0
7.8
19, 420
4,592
1,886
2,385
984
2,946
2,763
787
3,077
19 223
4,439
1,871
2, 373
972
2,949
2,760
754
3,105
19 199
4,409
1,834
2,352
98J
2,948
2,739
799
3,135
19, 252
4,415
1, 853
2,322
1,008
3,006
2,744
835
3,069
19 311
4,529
1,861
2,339 1
1,011 1
3, 006 i
2,731
811
3,023 i
19, 242
4,532
1,845
2, 399
3,013
2,643
821
2, 985
i, oo<
19, 212 1
4,558 i
1,852
2, 354
1,028
3, 020 !
2,634
790
2,976
19, 228
4, 499
1,842 i
2,380 !
1,034
3, OH
2,670 i
782
3, 002
19, 220
4,442
1, 846
2, 396
1,036
2,982
2, 667
805
3,046
19,105
4,400
1, 839
2, 380
1,03^
2,943
2,658
784
3,067
19, 245
4,391
1, 842
2,396
1, 038
2,995
2,670
810
3,103
8.0
2.7
8.7
7 g
2 7
78
2.7
8.7
78
2.7
8.8
7.9
2.8
8.6
7.8
2.8
8.6
7.8
2.8
8.6 !
7.7
2 8!
8'. 7i
7.7
2.8
8.7
7.7
2.8
8.6
7.8
2.9
8.5
Nondurable-goods industries, total
Food and beverage
Tobacco
Textile
Paper
__
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries
Nondurable-goods industries, total
Food and beverage
Tobacco
- - -Textile
Paper
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries
-_
-
Inventories, end of month :f
Book value (unadjusted), total
Durable-goods industries, total
Primary metal
Tvlachinery (including electrical)
Transportation equipment (including
vehicles)
mil.
Lumber and furniture
Stone clay and glass
Other' durable-goods industries
By stages of fabrication:
Purchased materials
foil,
Goods in process
Finished goods
do
motor
of dol _
do
do
do
of dol
do
do
Nondurable-goods industries, total
mil. of dol
Food and beverage
do
Tobacco
do Textile
do
Paper
-- do
Chemical
do _
Petroleum and coal
- - do
Rubber
do
Other nondurable-goods industries
do
By stages of fabrication:
Purchased materials
foil
of dol
Goods in process
- do
Finished goods
do
Inventories, end of month:!
Book value (adjusted) total
mil.
Durable-goods industries, total
Primary metal
Fabricated metal
Machinery (including electrical)
Transportation equipment (including
vehicles)
mil
I/umber and furniture
of dol
do
do
do
do
motor
of dol
do
Other durable-goods industries
By stages of fabrication:
Purchased materials
foil,
Goods in process
Finished goods
of dol do
do
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries
By stages of fabrication:
P
~v .
m<iL z
"
Jb
do
do
do
-do
do
do
do
do
do
• ,
962
2,910
2,815
732
Finished goods
do
••Revised.
fRevised series. See corresponding note on p. S-3.
8.7
988
2,928
2,826
785
2,929
26
13
2
1
3
296
300
178
278
326
26 325 ' 27 394
13 974
13 390
2,241
' 2 349
1 259 ' 1 397
3 382 '3 682
24 657
12 109
1 903
1 250
3 053
' 3 529
' 1,244
'716
1 057
3 355
1 043
623
882
3 732
1,136
672
968
2,099
' 5, 998
' 1, 747
'906
' 2, 194
5,925
1,758
904
2,116
6.5
10.1
8.2
6.7
10.0
7.9
19, 295
19 110 ' 19, 221
4,205
4, 145 ' 4, 108
'
1,
764
1,732
1,805
2,450
2 444 ' 2, 450
'
1,034
1,036
1,038
2,993 ' 3, 053 3,052
2,670 ' 2, 686 2, 753
875
842
3 173 ' 3, 251 3,243
7.6
2.9
'8.7
7.9
' 19,322
4,344
1, 857
2,426
1,034
3,024
2,713
850 |
' 3, 074
'7.8
2.9
'8.6
7.6
3.0
8.6
19, 388
4,341
1,843
2,426
1,046
3,04t l
2,753
3,089
7.8
3.0
8.6
SURVEY OF CURRENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
1954
July
August
S-5
'
Septem- October Novem- December
ber
ber
1955
January
February
March
May
April
July
June
August
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
New orders, net (unadjusted), totalf
mil. of doL_
Durable -goods industries, total
do
Primary metal
- _ -- __do
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor vehicles)
mil. of dol
Other durable-goods industries
.- -_do
20, 876
9 407
1,301
890
2,568
21, 827
9 500
1 512
1 158
2 441
23, 817
11 087
1 605
1 052
2 998
23, 574
10 769
1 712
1 101
2 881
22, 635
9 919
1 846
1 140
2 702
24, 309
11 788
2 151
1 159
3 029
24. 324
11 940
2 222
1 135
2 983
24, 268
12 023
2 397
1 064
3 191
28, 310
14 596
2 896
1 463
3 656
26, 043
13 132
2 504
1 218
3 345
2,233
2,415
1 699
2,690
2 672
2 760
2 626
2 449
1 824
2 407
2 276
3 015
2 585
2 871
2 500
3 658
2 923
3 337
2 728
3 768
2 813
11,469
2 449
9,020
12, 327
2 755
9, 572
12. 730
3 027
9 703
12, 805
2 923
9 882
12,716
3 053
9 663
12, 521
2 901
9 620
12,384
2 893
9 491
12, 245
2 870
9 375
13, 714
3 253
10 461
12, 911
2 888
10 023
12, 995
2 957
10 038
21, 415
9,407
1,314
890
2,579
21, 913
9, 756
1, 543
1,103
2 524
23 286
11, 153
1 783
3 073
22 870
10, 790
1 678
1 101
2 915
23 142
10 491
1 943
1 267
2 950
24 760
11 963
2 068
1 288
2 933
24 641
12* 142
2 136
1 135
2 936
24 845
12 170
2 446
1 120
3 233
26 482
13 353
2 586
1 306
3 404
26 116
12 879
2 385
1 194
3 179
27 720 rr 27 795
14 331
14 033
2 538 rr 2 477
1 366
1 562
3 531 T 3 734
2 233
2,391
1,999
2, 587
2 545
2 760
2 764
2 332
1 824
2 507
3 173
2 501
3 350
2 585
2 871
2 500
3 325
2 732
3 337
2 784
3 966
2 930
r 3 225
r 3 035
do _ _
do
do
12, 008
2 752
9, 256
12, 157
2 783
9, 374
12 133
2 803
9,330
12 080
2 682
9,398
12 651
2 907
9,744
12 797
3 119
9 678
12 499
2 922
9 577
12 675
2 899
9 776
13 129
3 040
10 089
13 237
3 008
10' 229
13 389
3 146
10 243
r 13 762
r 3 336
r
10 426
13 434
3 279 - . _
10 155
Unfilled orders, end of month (unadj.), totalf -- -do
Durable-goods industries, total. .__ _ _ d o _ - _
Primary metal
_
_.do
Fabricated metal
do
Machinery (including electrical) _ _
do
Transportation equipment (including motor vehicles)
mil. of doL
Other industries including ordnance
do
48, 696
45, 894
3, 199
3 399
14 679
47 359
44, 693
3 182
3 317
14 236
47
44
3
3
14
47
44
3
3
13
46
43
3
3
13
46
43
3
3
13
47
44
4
3
13
47
44
4
3
13
471
577
608
215
503
48 231
45 274
5 279
3 387
13 531
47
45
5
3
13
48
45
5
3
13
361
429
877
366
489
T 49 321
r 46 066
T 5 856
r 3 609
r 13 736
50
47
6
3
14
20 169
4 448
19 409
4 549
19 876
4 537
20 449
4 277
19 545
4 103
19 505
3 978
19 354
4 200
18 986
4 265
18 792
4 285
18 324
4 300
18 360
4 337
r 18 419
T 4 446
18 312
4 618
do
2,802
2,666
2 676
2 532
2 645
2 739
2 824
2 894
2 957
2 872
2 932
r 3 255
3 433
number..
9,409
9,041
9,256
9,852
9,735
11 981
13 181
11 369
13 417
11 756
12 029
12 605
10 893
number-do_ _
do
do_
do_ __
do
856
80
95
165
417
99
912
80
100
187
451
94
819
59
88
153
406
113
871
68
109
189
414
91
933
68
110
179
490
86
917
72
130
204
413
98
939
87
87
195
456
114
877
60
113
188
412
104
1 038
66
108
225
520
119
903
66
106
154
484
93
955
80
121
168
499
87
914
75
861
68
102
170
423
89
thous. of doLdo_ _
do
_ _ _ _ __do _
do
- do
32, 230
2,524
4,958
9,986
9,622
5,140
32, 582
2,381
2,386
12, 388
11,225
4,202
36, 381
2, 290
5 584
11,262
11 879
5 366
29, 000
1,952
4 733
7,547
11 845
2 923
35,067
4, 065
6 859
8 099
10 466
5 578
40, 103
1 857
5 926
17 526
8 509
6 285
37, 872
3 154
9 044
11 636
9 647
4 391
42, 056
2 244
7 624
18 922
8 928
4 338
41,209
2 916
4 468
16 921
11 972
4 932
35,968
2 229
6 450
12 653
10 765
3 871
34, 714
1 998
4 885
14' 093
10 874
2 864
243
940
239
198
437
247
244
9^9
9Kc
236
197
4^7
94ft
Nondurable-goods industries, total
Industries with unfilled orders 9
Industries without unfilled orders^ .
do
do
do _
New orders net (adjusted), totaltdo _ _
Durable-goods industries, total
..do - .
Primary metal
-- -do
Fabricated metal . _
__ _ _ ___ . do- _
Machinery (including electrical)
do
Transportation equipment (including motor vehicles)
mil. of dol
Other durable-goods industries
.
_ do__
Nondurable-goods industries, total _ . __
Industries with unfilled orders 9
Industries without unfilled orders 1
Nondurable-good s industries, total 9
992
504
828
173
146
096
440
908
239
031
912
384
739
402
068
621
529
790
760
184
363
174
350
109
241
446
978
106
605
327
550
26, 708 ' 28, 314 26. 099
13 713 r 14 571
13 373
2 513 r 2 328
2 364
1 422
1 298 r i 640
3 321 r 3 929
3 619
r 3 548
r
3 126
3 248
2 720
13, 743
r 3 403
r 10 340
12, 726
2 918
9 808
T
26
13
2
1
3
874
440
388
422
635
3 248
2 747
763
330
317
7gi
302
BUSINESS INCORPORATIONS^
New incorporations (48 States)
10 983
INDUSTRIAL AND COMMERCIAL FAILURES^1
Failures, total - - .
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities (current), total
Commercial service
Construction
Manufacturing a n d mining..Retail trade
Wholesale trade
1 14
200
446
79
36, 667
5 259
4 702
13? 888
9 c(\A
3 254
32, 453
1 502 ~
6 289
ll' 865
8 605
4' 282
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products§-._
Crops
Food grains
Feed grains and hay
Tobacco
- 1910-14=100-do
do
do
do
.
Cotton .
_
Fruit
Commercial vegetables, fresh market.
Oil-bearing crops
. _ __
Livestock and products
Meat animals _
Dairy products
Poultry and eggs
__
_do
do
_.do __
do
do
do
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 f
1910-14—100
Parity ratio©!
do
245
249
246
242
242
239
243
244
247
225
202
446
248
228
207
430
247
233
210
444
243
235
204
441
243
239
199
438
243
239
202
430
247
241
204
425
244
240
203
436
272
228
228
286
288
234
199
294
292
248
173
276
293
220
190
275
281
210
226
277
276
218
221
279
275
216
9
57
274
268
203
258
270
269
204
262
9-1 f>
9A4
244
278
238
172
249
282
245
179
245
274
254
162
241
265
262
154
241
261
266
159
236
253
264
155
240
263
258
163
245
264
255
9,10
263
277
247
264
277
250
263
273
251
262
273
250
262
272
251
261
272
250
264
273
254
264
271
256
90 r
9/>c
970
9cc
ncA
280
r 281
280
279
279
279
283
283
984
984
88
89
88
87
87
86
8fi
87
8fi
87
1QO
94^
909
270
9ftfi
9ftA
270
9QH
9ft 1
9HQ
one
9CQ
9ftft
9ftQ
9ftft
97ft
948
1QQ
94.1
274
9 re
907
233
900
228
222
914
271
277
90 r
Ol'-J
223
21 1
9^7
246
9ft 1
251
1 78
94 Q
974
274
974
970
C"7
QR
C/l
e/i
IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cfData are from Dun and Bradstreet Inc
§Data for prices received have been revised back to January 1952 (see p. 28 of the July 1955 SURVEY for revisions prior to those shown above); for revised annual data for 1910-51 see p 23
of the April 1954 SURVEY.
{Revisions for 1937-53 for prices paid and 1910-53 for parity ratio appear on p. 24 of the April 1954 SURVEY.
©Ratio of prices received to prices paid (including
interest, taxes, and wage rates).
SUEVEY 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 1955
1954
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
.
1935-39=100 _
Consumer price index (U. S. Department of Labor):
All items
._ .1947-49= 100
Apparel
._.
do
Food
do
Dairy products
do _
Fruits and vegetables
do
Meats, poultry, and fish _
do
Housing
do
G as and ele ctricity
do
Housefurnishings
do
Rent
do
Medical care
- --do
Personal care
do
Reading and recreation
do
Transportation
do
O ther goods and services
do
WHOLESALE PRICEScT
U.S. Department of Labor indexes:
All commodities
1947-49=100
Farm products
__
do
Fruits and vegetables, fresh and dried
do
Grains
do
Livestock and live poultry _
do
Foods processed
do
Cereal and bakery products
__
do
Dairy products and ice cream
_ _do
Fruits and vegetables, canned and frozen.. do
Meats, poultry, and
fish
do
Commodities other than farm products and
foods
1947-49 = 100
Chemicals and allied products
do _
Chemicals industrial
do
Drugs and Pharmaceuticals 9
- do
Fats and oils, inedible
do
Fertilizer materials
do
Prepared paint
-do
Fuel power, and lighting materials
do
Coal
do
Electricity
-- do
Gas
_
- _do _._
Petroleum and products
do
Furniture, other household durables
do
Appliances, household
do
Furniture, household
do
Radio receivers
do
Television receivers
do
Hides, skins, and leather products
do
Footwear
do
Hides and skins
do
Leather
do
Lumber and wood products
do
Lumber.
_.
do
Machinery and motive products
do
Agricultural machinery and equip ..
do
Construction machinery and equip
do
Electrical machinery and equipment
do
Motor vehicles
do
Metals and metal products
do
Heating equipment
do
Iron and steel
do
Nonferrous metals do
Nonmetallic minerals, structural
do
Clay products
..
do
Concrete products
do
Gypsum products
. _. do
Pulp, paper, and allied products
do
Paper
do
Rubber and products
do
Tires and tubes
.do
Textile products and apparel
...do
Apparel
do
Cotton products
do
Silk products
do
Synthetic textiles do
Wool products
do
Tobacco mfrs. and bottled beverages
_do
Beverages, alcoholic
do
Cigarettes
do
Miscellaneous.
do
Toys, sporting goods
do
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
1947-49=100
Consumer prices
do
Retail food prices
do
r
209.7
209.0
208.2
207.6
207.6
207.6
207.3
115.2
104.0
114.6
104.3
120. 1
109.7
119.0
107.8
105. 7
128.5
125. 2
113.3
107.0
126.7
120.3
115. 0"
103. 7
113.9
105.1
114. 7
107. 6
119.2
107.8
105 4
128.6
125. 5
113.4
106.6
126 6
120.2
114.7
104. 3
112 4
105. 8
110 5
106.7
119 5
107.9
106 0
128 8
125.7
113 5
106. 5
126 4
120. 1
114.5
104.6
111 8
106. 7
111 1
103 9
119 5
108 5
105 6
129 0
125.9
113 4
106 9
125 0
120 1
114 6
104.6
111 1
106 6
109 6
103 5
119 5
108 7
105 4
129 2
126 1
113 8
106 8
127 6
120 0
114.3
104.3
110 4
106.8
108 4
102 2
119 7
109 1
105 4
129 4
126 3
113 6
106 6
127 3
119 9
114.3
103.3
110 6
106 4
110 6
102 4
119 6
109 4
104 6
129 5
126. 5
113 7
106 9
127 6
119 9
114 3
103 4
110 8
106 1
110 7
102 5
119 6
109 9
104 8
129 7
126 8
113 5
106 4
127 4
119 8
110.4
96.2
110.9
88. 1
83.2
106 5
114.0
105.1
104.7
94.1
110. 5
95.8
108.3
91.2
83.4
106. 4
113.2
105. 9
104.8
92.0
110.0
93.6
99.8
93.6
80. 7
105 5
113.8
106.6
105.0
92.0
109.7
93.1
101.9
92. 9
77.5
103. 7
114. 5
108.7
105. 5
85.8
110 0
93 2
103.2
93 5
76 4
103 8
116 5
108. 8
105. 5
86.3
109 5
89 9
96.9
92 5
74.0
103 5
116 8
108.2
106.0
85.2
110 1
92 5
105. 2
93 5
79.4
103 8
116 9
107.0
104.6
87.6
114.3
106.7
117 1
94.0
52.0
112 1
112.8
106.2
104.9
101.8
105.4
108.2
115.3
109.7
112.8
95.6
70.3
94.9
111.8
58.2
86.5
119.1
118. 6
124.3
122.3
131. 5
125. 8
118.9
128.0
114.0
133. 6
124.2
120.4
132.0
117.7
122.1
116.2
126.5
126.8
129.3
95.1
98.4
88.9
124.2
85.7
109.8
121.4
114.2
124.0
103.9
113.5
114.4
106.8
117.4
94.0
53. 5
112.1
112.8
106.9
105.2
102.4
105. 4
109. 3
115.3
109.7
112.9
95.4
68.5
94.0
111.8
55.8
84.4
119.1
118.7
124. 3
122.1
131. 5
125.7
118.9
128.6
114.1
133. 8
125. 1
120.5
132.3
117.9
122.1
116.3
126.5
126. 4
129.6
95.3
98.6
89.1
126.3
85.7
110.3
121.5
114.3
124.0
102.3
113.4
114.4
106.8
117. 4
94.0
54.0
112.3
112.8
106.9
105.5
101.2
106.0
109.4
115.3
109.4
112.8
95.4
68.7
93.0
111.8
51.5
82.9
119.3
119.0
124.4
121.9
131.6
125.6
118.9
129.1
114.1
134.1
126.2
121.7
135.4
117.8
122.1
116.3
126.5
126.9
129.6
95.3
98.6
89.2
128.4
85.8
109.6
121.5
114.3
124.0
99.1
112.7
114.5
106.9
117 6
93.6
56.5
112.1
112.8
106 9
105. 1
101.8
105.8
109.3
115.6
109.5
112.8
95.4
68.7
92.4
111.8
49.5
82.1
119.8
119. 5
124.3
122.0
131.6
125.2
118.6
129.7
114. 3
135.0
127.4
121.9
135. 4
117.8
122.1
116.3
126.5
128. 5
129.6
95.4
98.6
89 9
127.0
86.1
108 4
121.5
114.3
124.0
96.7
112.7
114 8
107 0
117 7
93 6
57.8
112 2
112.8
107 4
105. 1
103.0
107.3
109.5
115.6
109 1
112.9
95.4
69.2
92.8
111.7
52.7
82.0
119 9
119.6
125.3
121.3
131.8
126.7
121.0
129.9
114.3
135.5
127.2
121.8
135. 4
117.4
122.1
116.0
126.5
131.4
134.9
95.2
98.4
89 9
127.4
86.9
106 6
121.4
114.3
124 0
97.0
112.8
114.9
107.0
117 4
93.6
59.3
113 3
112.8
107 5
105. 2
100.7
110.2
110.4
115.7
109.4
112.9
95.4
69.2
91.8
111.6
47.4
81.5
120.0
119.8
125.7
121.2
132.6
126.8
121.7
129.8
114.3
135.0
127.6
121. P
135.4
117.4
122.1
115.9
126. 9
132.0
134.9
95.2
98.4
89.9
123.9
87.2
106.7
121.4
114.3
124.0
98.0
112.9
90.6
86.8
87.3
90.5
87.0
87.8
90.9
87.2
89.0
91.2
87.3
89.4
90.9
87. 3
90.0 i
91.3
87.5
90.6
207.9
207.7
114 3
103 2
110 8
105 4
112 0
102 3
119 6
110 3
104 6
130 0
127 0
113 5
106 6
127 3
119 8
114 2
103 1
111 2
104 6
117 5
103 0
119 5
110 3
104 5
129 9
127 3
113 7
106 6
125 3
119 8
114 2
103 3
111 1
104 0
120 2
102 1
119 4
110 9
103 7
130 3
127 5
113 9
106 5
125 5
119 9
114 4
103 2
111 3
104 1
119 5
103 8
119 7
110 7
103 8
130 4
127 6
110 4
93 1
103.8
93 1
80 7
103 2
116 3
107 2
104.4
86 9
110 0
92 1
104.4
92 2
79 9
101 6
116 5
107 2
104.8
83 3
110 5
94 2
120.9
91 0
84 0
102 5
116 8
106 9
104.7
86 0
109 9
91 2
118.7
92 4
78 4
102 1
118 3
104 0
104.1
85 7
m
115 2
107. 1
117 3
93 6
61.8
113 6
112.8
108 5
105 2
100.7
113.0
111.7
115.5
108 7
112.5
95.4
69.0
91.9
111.6
49.5
81.2
120 3
120.0
125. 8
121. 5
133.2
126.8
121. 7
130. 1
113.9
135.8
127.9
122.0
135.8
116 7
122. 1
116.3
127.5
136 8
139.9
95.2
98.2
90 2
124.1
87.3
106 6
121.4
114.3
124 0
97.0
113.2
115 7
107 1
117 4
93 3
61.0
113 5
113 1
108 7
105 2
100 1
116 3
111 7
115 4
108 5
112 6
94.7
68 8
92.3
111 5
51.6
82 2
121 2
121.4
126.1
121.6
133.8
126.7
121 5
131.5
113.7
135 8
133.7
121.8
136 1
117 0
122 1
116.6
128.0
140 6
142.4
95.2
98 2
90 6
122.4
86.7
106 3
121.6
114.6
124 0
97 1
113.1
115 6
106 8
117 5
93 1
55.4
113 6
114 0
108 5
105 1
99 5
116.6
111 7
115 1
107 2
112 7
94.7
68 8
92.2
111 5
50.7
82 1
121 4
121. 8
126.1
121.5
133.8
126.4
121.5
131.9
113.6
136 2
134.3
121.9
136.5
118 2
122.1
116.8
128.0
138 0
142.3
95.3
98 3
90 8
121.1
87.5
106 1
121.6
114.7
124 0
95 6
113.2
115 7
107 1
118 0
93 2
55.2
113 5
114.8
107 4
102 3
97.8
113.1
111 5
115.1
107 3
112 8
94.7
68.8
93.2
111 5
56.9
83 6
122 4
122.9
126.3
121.5
134.1
126.4
121.9
132.9
113.6
136 4
138.3
122.3
136 8
118 2
122. 1
117.4
128.0
138 3
142.3
95.0
98 0
90 4
122.8
87 2
106 0
121.6
114.7
124 0
94 0
113.2
115 5
106 8
117 6
93 2
53.2
113 1
114 8
107 0
100 4
97 8
111.0
111 5
115 1
106 5
113 1
94.7
69 0
92.9
111 4
53.3
85 0
123 5
124.2
126.7
121.5
134.3
126.5
122 0
132.5
113 5
135 6
137.8
123.2
137 0
118 2
90.8
87.5
90.4
90 6
87.5
90 3
90 9
87.5
90 3
90 5
87 6
89 9
207 5
207.5
208.6
207 8
m
1
7
106 2
1 9^ S
119 9
114 7
103 2
112 1
104 7
121 9
103 7
119 9
110 8
103 6
130 4
127 9
115 5
106 3
125 4
120 3
o
r HQ 5
Q1 Q
89 5
98.7
86 7
79 4
103 1
117 6
106 0
104.6
88 5
104.7
CO
m
-1
f>
104 fi
104. 5
Q1 d
lie o
53.8
mo
114 8
116 5
106 0
118 2
92 8
55.9
111 7
114 8
Iftfi R
r 106 4
100
97
110
111
6
2
4
5
r JOS 9
m
10fi
o
r U5 5
Iftfi 8
m
OO
o
0
m7
124 7
127.1
121 5
134."
126.5
122 0
132.6
113 5
135 8
137 8
123.7
1 *}7 *?
113.
117 4
105 9
118 1
92 4
54.6
112 l
114 8
107 3
102 4
96 1
108 9
113 0
116 2
106 7
114 2
94.0
68 7
93.8
111 4
58.9
85 0
125 0
126 4
128.3
122 5
136.0
127.6
122 0
139.3
115 5
144 4
145 0
126.1
142 9
118 6
122 1
119.9
130 5
148 5
147. 1
95.3
98 6
91 7
128.7
86 7
104 0
121.7
114.7
124 0
89 8
113.4
r 90 o
2 90 3
101 5
r 95 i
111 6
106 5
4
112 9
94.7
68 8
92.9
111 4
55.7
83 8
r H3 1
'94.0
68 9
'93.7
111 4
58.2
85 1
r
124
125 1
' 127. 5
121 5
134.7
r 126. -
122 0
136.7
r H3 Q
143 1
139 5
' 125. 3
r
iMJ 3
-I 10 0
118 3
122
122
122
117.7
128 9
138 0
142.3
95.0
98 0
90 3
123.2
86 9
118.3
129 2
119.0
130 7
. -i ,10 A
142.3
95.2
142.3
95.3
124.0
126.8
121.6
114.7
124 0
91 3
113.2
121.6
114.7
121.6
114.7
91 0
87 6
90 0
90 7
87 4
89 8
QO ft
Rfi fi
QO p
ftfi Q
106
on
113.2
110 8
88 1
99.5
78 6
75 5
101 9
115 1
107 8
105.0
86 3
. rw-i 0
2
2
87 2
89 2
1
2
Revised.
Index based on 1935-39 = 100 is 191.8.
Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 47.3 (August); consumer prices, 52.1 (July); retail
food, 44.2 (July).
d" For actual wholesale price?s^o£ individual commodities, sec respective commodities.
9 Effective with the January 1955 index, cosmetics and related product's were
transferred from drugs, etc., to the "other chemicals" subgroup.
SURVEY OF CURRENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-7
1954
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
New construction (unadjusted), totalj
mil. of dol.
Private, total. _
_
do
Residential (nonfarm)
do
New dwelling units
_ -..
_ _ _ do. __
Additions and alterations
do
Nonresidential building, except farm and public
utilitv, total
mil. of dol
Industrial
_
do
Commercial,
do
Farm construction
do
Public utility
. .
do _ .
Public, total
_ _ . do
Nonresidential building
do
Military facilities
do
Highway
do
Other types
_
_
._ _. .
do New construction (seasonally adjusted), total?
mil. of dol. .
Private, total
do
Residential (nonfarm)
_
do
Nonresidential building, except farm and public
utility
mil. of dol
Farm construction _
do
Public utility
do
Public, total
_.
do .
Nonresidential building
do
Highway
do
3,556
3,693
3,674
3,503
3,329
3,092
2,819
2,697
2,974
3,257
3,555
r 3, 815
r
2,387
1,267
1,125
lie
2,457
1, 315
1,175
IK
2,460
1,327
1, 195
107
2,420
1,321
1,195
102
2,358
1,295
1.175
96
2,263
1, 258
1.150
86
2,072
1,122
1.030
71
2,003
1,049
960
68
2,179
1,170
1.070
79
2,345
1,298
1,170
105
2,496
1,380
1,230
123
2,669
1, 480
1,315
134
r
551
158
206
164
393
1,169
42C
90
44C
219
556
159
210
167
409
1,236
437
97
479
223
558
162
210
15?
410
1,214
41C
98
492
214
554
170
202
126
407
1,083
390
101
38*
203
564
178
203
106
383
971
366
95
320
190
552
184
192
93
348
829
351
88
214
176
542
186
188
92
302
747
342
82
155
168
549
187
199
95
297
694
316
78
150
150
559
186
208
103
333
795
354
83
180
178
562
184
213
114
357
912
366
99
255
192
590
183
234
131
379
1,059
379
110
360
210
634
189
259
141
398
1,141
r
397
r
118
410
r
221
3,133
2,180
1, 150
3,199
2,226
1,192
3,199
2,247
1,215
3,136
2,238
1,210
3,254
2,269
1,229
3,429
2,350
1,307
3,428
2,396
1,336
3,451
2,435
1,345
3,442
2,446
1,330
3,493
2,498
1,366
3, 531
2 502
1, 366
530
129
361
953
374
309
534
128
362
973
385
318
530
127
362
952
372
314
525
126
364
898
365
266
537
125
365
985
384
320
539
124
366
1,079
393
395
552
123
368
1,032
389
344
582
122
371
1,016
376
341
604
121
375
996
377
321
622
120
376
995
366
319
626
119
376
1,029
368
340
60, 996
1,837
681
1,156
61, 612
1,573
509
1,06<
65, 832
1,816
589
1,227
67, 701
1,965
633
1,332
54, 671
1.49S
475
1,024
62, 394
1,829
617
1,212
56, 285
1 504
480
1 024
58, 456
1 581
472
1 109
75 533
2 135
'677
1 458
79 184
2 322
676
1 646
75 896
2 185
675
1 510
75 141
2 255
757
1 498
73 130
9 272
761
1 511
5,744
48, 877
641, 513
5,251
42, 549
550, 550
5,090
45, 303
646, 825
5,321
50, 258
670, 934
4,302
38, 559
491, 090
5,017
51, 396
701, 427
4,227
42, 768
564, 788
4,284
41, 861
534, 463
5,729
51, 925
758, 870
6,135
51, 989
706, 019
6,107
51, 736
725, 755
6, 217
57, 218
842, 618
6, 715
64, 544
892, 629
51, 988
74, 756
745, 440
53, 403
70, 591
692, 736
57,928
78, 995
777, 332
59, 900
85,814
851, 824
48, 656
71, 778
708, 691
55, 407
77, 300
761, 577
50, 696
70, 031
690, 355
52, 583
74, 545
744, 102
67, 539
70, 088
66, 558
98, 806 107, 850
97, 248
989, 730 1,070,129 1,011,310
65, 459
95, 481
951, 104
02, 799
94, 491
959, 020
2,693
351, 895
2,442
262, 682
2,357
293, 285
1,988
342, 592
1,317
204, 595
1,514
272, 910
979
173,657
1,234
247, 763
1,803
273,315
2,301
342, 186
2, 610
289, 665
2,887
382, 170
2,960
331, 979
571
98, 087
516
66, 897
457
98, 790
492
99, 989
396
94, 474
456
92, 923
383
75, 650
355
54, 815
462
112,904
660
203, 751
621
158, 335
578
79, 317
656
87, 909
225
236
206
233
229
243
218
244
234
254
231
253
231
256
241
263
232
254
255
264
211
237
259
277
215
241
261
288
228
266
261
297
264
307
260
291
290
336
253
286
296
332
245
280
294
320
253
290
281
301
257
296
1,575
1,271
1,479
996
1,215
1,373
1,295
1,085
1,987
1,449
1,727
1,882
1,684
1,240
7,624
1,379
3,437
2,808
8,391
1,711
3,408
3,272
7,821
1,206
4,301
2,314
8,376
582
5,485
2,309
5,076
1,500
1,919
1,657
i 8, 691
2,698
i1 3, 639
2, 354
7,134
2,600
2,769
1,765
7,289
2,134
3,635
1,520
9,504
2,021
3,988
3,495
8,470
2,855
2,279
3,336
8,760
1,242
3,305
4,213
9,292
950
3,966
4,376
5,787
944
2,237
2,606
9,346
288
5,32-1
3,737
116.0
112. 9
84.6
3.1
114.3
113.0
81.4
1.3
115.7
113.4
80.6
2.3
110.7
110.5
80.2
.2
103.6
103.3
75.4
.3
90.6
89.9
69.0
.7
87.6
87.3
67.8
.3
89.9
87.9
64.9
2.0
113.8
112.8
86.0
1.0
132.0
130.5
95.4
1.5
137. 6
' 135. 1
'97.3
2.5
129.0
126.5
94.1
2.5
115.0
114.2
83.7
.8
123.0
121.7
89.4
1.3
1, 188. 0
1,211.0
1, 248. 0
1, 287. 0
1, 393. 0 1, 478. 0
1, 416. 0
1, 370. 0
1, 367. 0
1,350.0 ' 1, 362. 0 1, 320. 0
1, 202. 0
1, 304. 0
298.1
296.2
285.1
23.1
99.8
98.2
88.3
2.9
7.0
1.7
97.3
95.9
86.7
2.8
6.4
1.5
94.3
94.1
84.2
2.7
7.2
.2
76.3
75.9
67.3
2.1
6.5
.3
78.8
76.8
67.9
2.5
6.3
2.1
115.6
114.7
100.5
4.0
10.1
.9
,
r
r
3, 506
2 486
1,358
622
117
376
1 020
' 378
325
3, 956
3,978
2, 763
'r 1,523
1, 360
' 130
2,764
1,492
1,335
125
r
'277
148
410
1,193
T
393
r
123
T
45(1
r 227
683
199
286
150
425
1, 214
397
128
460
229
3, 491
2 514
1, 372
3, 462
2, 501
1, 344
'637
116
37f
r
977
r
351
r
319
654
1U>
376
961
351
309
666
r 196
r
T
r
CONTRACT AWARDS
Construction contracts awarded in 37 States (F. W.
Dodge Corp.):
Total projects
number
Total valuation
mil of dol
Public ownership
do
Private ownership
do
Nonresidential buildings:
Projects
number
Floor area
thous of sq ft
Valuation
thous. of dol
Residential buildings:
Projects
_
number
Floor area
thous of sq ft
Valuation
thous. of dol
Public works:
Projects
.
number
Valuation
_
_ -thous. of dol.
Utilities:
Projects
number
Valuation
thous. of dol
Value of contract awards (F. R. indexes):
Total unadjusted
1947-49—100
Residential unadjusted
do
Total adjusted
do
Residential adjusted
do
Engineering construction:
Contract awards (ENR)§ .
.
mil. of dol
Highway concrete pavement contract awards:©
Total
thous. of sq. yd__
Airports
_
do
Roads. _ _
_ _ _ _.
___ _
do
Streets and alleys
do
NEW DWELLING UNITS
(17. S. Department of Labor")
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned.. .thousands. _
Privately owned, total
do
In metropolitan areas
do
Publicly owned
.
do
Seasonally adjusted at annual rate: 9
Privately owned, total..
do
Residential construction authorized (nonfarm; housekeeping units only), all permit-issuing places:!
New dwelling units total
thousands
Privately financed, total
do
Units in 1-familv structures
do
Units in 2-family structures
do
Units in multifamily structures
do
Publicly financed, total
do
28.1
1.8
88.0
87.7
77.8
2.7
7.1
.3
77.4
76.0
66.3
2.9
6.8
1.4
r
' 120. 1
117. 4
'119.3
"118.5
r
' 107. 5
r 104. 4
'3.3
'7.8
.8
'3. 2
'9.8
'2.8
115.1
113.0
102.2
2.9
7.9
2.1
CONSTRUCTION COST INDEXES
122,1
122.6
123.2
121.9
122.6
122.4
122.0
122. 5
122.7
123.9
124.3 ' 124. 7
126.0
Department of Commerce composite^
1947-49=100
395
396
396
Aberthaw (industrial building)
1914—100
397
American Appraisal Co., The:
594
591
595
599
597
598
598
601
602
598
600
Average, 30 cities
1913=100
604
611
613
642
640
649
649
649
649
649
650
650
649
Atlanta
do
654
654
664
664
624
625
629
629
629
629
629
629
630
628
New York
do
626
627
629
641
539
530
539
550
545
545
551
553
545
545
556
San Francisco
__
. do553
568
573
596
595
599
599
596
599
600
598
601
601
601
St. Louis
do
601
604
605
4291
430
4321
432
432
432
432
432
434
4311
Associated General Contractors (all types).
do
439
435
443
443
»• Revised.
v Preliminary.
1 Data include some contracts awarded in prior months but not reported.
2 Revised data for May and June 1954 (thous. units): Total, 92.0; 108.2; total
private, 91.0; 10.4; 1-family, 80.8; 93.1; 2-family, 2.9; 3.0; multifamily. May, 7.3.
{Revisions for new construction for 1953 through March 1954 will be shown later; those for 1950-1952 appear on p. 24 of the September 1954 SURVEY. Minor revisions for the Department
of Commerce construction cost index for 1952 and 1953 will be shown later; those prior to 1952 are shown in the May 1953 and May 1954 issues of the Construction and Building Materials Statistical
Supplement.
9 Adjusted data not shown in SURVEY prior to the October 1954 issue; revisions, prior to April 1954, will be shown later.
§Data for July, September, and December 1954 and March
and June 1955 are for 5 weeks; other months, 4 weeks.
O Data for August and December 1954 and March, June, and August 1955 are for 5 weeks; other months, 4 weeks.
tRevised
series.
These
data
cover
nonfarm
residential
construction
authorized
in
all
places
(both
urban
and
rural)
that
require
building permits; they replace the former urban-building
series which covered new dwelling units authorized in all places defined as urban in the 1940 Census.
SURVEY OF CUEEENT BUSINESS
S-8
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 1955
1954
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION
COST INDEXES— Continued
E. H. Boeckh and Associates:§
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U. S. avg. 1926-29 = 100. _
Brick and steel
do
Brick and wood
do._
Commercial and factory buildings:
Brick and concrete
do _
Brick and steel
-do
Brick and wood
do
Frame
-- ~do
Steel
do-__
Residences:
Brick
-do
Frame
do
Engineering News-Record :c?
Building
1947-49=100..
Construction
do
Bu. of Public Roads— Highway construction:
Composite standard mile
1946=100.
CONSTRUCTION MATERIALS
Output of selected construction materials, index:t
Iron and steel products
- . _ _ .1947-49= 100. _
Lumber and wood products
do
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: Face amount
thous. of dol_.
Vet Adm • Face amount
- - do
Federal Home Loan Banks, outstanding advances to
member institutions
mil. of dol_.
New mortgage loans of all savings and loan associations, estimated total
thous. of dol_.
By purpose of loan:
Home construction
do
Home purchase
do
All other purposes
-do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
mil. of dol__
Nonfarm foreclosures*
.number. _
Fire losses
thous. of doL.
257.3
252.8
256.2
257.9
253.3
256.3
258.3
253.7
256.5
258.5
253.9
256.8
258.2
253.4
256.8
258.5
253.8
257.1
258.8
254.6
257.7
258.8
254.7
257.9
259.0
254.9
258.6
260.7
256.2
260.0
261.8
257 3
261.3
263.8
259 5
263.1
266.1
262 0
264. 3
265.0
261.0
254.9
255.4
244.7
265.8
261. 7
255.3
255.5
245. 5
266.1
262.1
255.4
255.7
245.9
266.3
262.2
255.6
256.1
245.9
266.0
262.0
255.5
256.1
245.6
266.2
262.2
255.7
256.4
245.9
266.4
262. 5
256.2
257.4
246.0
266.5
262.6
256.3
257.7
246.1
266.7
262.9
256.8
258.8
246.3
268.5
264.5
258.1
260.3
247.4
269.7
265.6
259.6
261.8
248 3
271.5
267.3
261. 3
263.8
249.8
274.0
271.9
262 3
264.5
257.5
256.8
250.8
257.0
250.8
257.2
251.1
257.5
251.4
257.4
251.4
257.7
251.7
258. 4
252.4
258.6
252.6
259.3
253.5
260.7
254 9
262.3
256 4
263.9
258 3
264 9
259 1
134.7
141.7
134.4
141.3
134.7
141.6
135.0
141.8
135.1
141.9
135.4
142.1
135.9
142.4
135,9
142.5
136.2
142.9
136.8
144.2
137.4
144 8
138.3
145.7
'141.5
148 4
125.4
121.4
'93.9
154, 598
293, 652
1
126.9
107. 6
150, 706
418, 182
128.1
125.5
127.6
124.3
126. 6
121.3
133.5
105.6
127.5
97.6
124.9
104.5
117.7
104.5
116.7
130.1
136.4
133.5
129.9
136.2
136.6
154.8
142.3
135, 743
409, 864
153, 592
517, 807
182, 894
492, 850
201, 289
555, 699
252, 393
622, 155
226,434
566, 118
269. 267
531, 647
243, 346
514, 998
229, 813
548, 510
269, 487
552, 928
230, 031
520, 545
688
702
754
821
1,017
1,061
1
141.7
148 5
630
659
689
708
743
867
717
802, 356
840, 693
828, 170
824, 223
806, 718
852, 543
743, 693
775, 171 1, 025, 743 1, 015, 722 1, 069, 335 1 156 837 1 053 908
280, 756
348, 998
172, 602
288, 985
371, 951
179, 757
282, 060
368,912
177, 198
283, 385
364, 267
176, 571
278, 125
357, 022
171,571
294, 539
368, 513
189, 491
252, 192
325, 796
165, 705
264, 962
339, 522
170, 687
386, 238
427, 406
212, 099
380, 044
430, 289
205, 389
394, 700
469 823
204, 812
417, 644
535 631
203 562
371 35«
494 112
188 438
2.027
2,230
69, 532
2,086
2,108
78, 163
2,122
2, 365
64,087
2,156
2,079
57, 668
2,148
2,181
61, 663
2,267
2,224
83,881
2,024
2,305
75, 265
1,958
2,189
85,046
2,455
2,595
88, 197
2,357
2,447
78, 632
2,483
2,457
71, 789
2, 636
2.861
70, 828
61,614
1 187
2 463
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, adjusted:
182
178
174
170
167
168
169
181
186
182
Combined index
1947-49=100..
191
191
179
161
168
165
174
' 159
165
164
167
167
171
Business papers
. _do
164
168
172
140
141
137
133
128
141
132
140
148
126
Magazines
do
145
145
143
182
'159
170
160
155
182
161
188
186
156
Newspapers
_do._ .
201
178
190
163
144
162
143
132
152
156
Outdoor
do
156
152
138
149
151
146
r
55
50
53
60
54
61
60
71
57
60
Radio (network)
_do_
56
54
58
r
294
304
294
275
304
263
290
311
300
Tele vision (network)
1950-52=100..
280
301
324
371
s
149.6
140.9
188.9
191. 7
202.8
191.0
158.6
159.6
131.1
130.3
Tide advertising index, unadjusted
1947-49 =100__
191.5
195.3
150.6
Radio advertising:
r
11,187
11, 429
10, 786
9,529
10, 950
10, 445
10, 215
9, 571
11, 239
Cost of facilities, total
thous. of dol
10, 106
9 924
9 322
857
1,011
822
692
631
721
834
693
845
875
Automotive, inch accessories
.
-do _.
775
896
r
2,574
2,576
2,492
2, 546
2,341
2,556
2,644
2,222
2,130
2, 330
Drugs and toiletries
do
2 342
2 126
r
2,481
2,353
2,537 - 2, 578
2,343
2,608
2,326
2,453
2, 231
2,142
2,532
Foods, soft drinks, confectionery
__do_ 2,091
1,219
1,064
1,254
1,161
1,023
1,208
1,095
1,168
1, 135
Soaps, cleansers, etc. _
do _
1,046
1,117
985
977
957
1,021
1,023
883
931
965
613
771
575
928
Smoking materials
„_
_do _.
822
3,014
3,068
3,081
3,043
2,469
2, 790
2,621
2,647
2,674
3,056
All other _ . _
__.do
2,690
2, 403
Television advertising:*
32, 075
33, 560
33, 446
31, 279
34, 574
22, 945
26, 198
31,671
23, 669
Cost of facilities, total
. _do
33, 501
32, 739
31 771
3, 432
1,932
3,506
2,837
3, 388
3,239
1,969
1,934
3,725
3,773
Automotive, including accessories
do..3,387
3,511
6,721
7,357
7,727
6,053
7,202
6,835
5,504
5,182
7,615
7,657
Drugs and toiletries _
_
do _
7,477
7 834
6,735
7,735
5, 795
7,453
6,571
7,991
7,339
5,377
Foods, soft drinks, confectionery
do _
7,374
7,182
5,447
7 185
3,145
3,453
3, 055
3,333
3, 296
2,484
3, 054
2,798
3,728
Soaps, cleansers, etc
do. .
3,592
3,762
3, 531
3,734
3,510
3,728
3,929
3,388
3,262
3,601
3,585
3,559
Smoking materials. _ _
do_._
3,714
3,348
3 468
8,307
7, 636
5, 855
All other
do _
8,139
4,348
4,426
8,278
7,873
7,271
7 562
7 456
6 242
Magazine advertising'.!
63, 511
34, 648
63, 048
45, 077
36, 548
Cost, total
do
33 576
47, 479
51, 787
56 966
66 611
67 133
53 083
4,728
6,399
5,712
2 993
1,856
4,202
814
3,340
3,025
Apparel and accessories
.
_do _
4,852
5 267
5 492
5,878
4,177
3,162
3,262
3,714
3,714
4,523
Automotive, incl. accessories
do __
5,308
3,787
6,621
7, 112
5 815
2,184
1,394
1,554
3,198
3,236
1,741
859
Building materials
__ __ _ _. do__
2,303
3,447
3 906
4, 179
3 153
5,795
6,195
3,289
4,460
3,798
4 995
3,499
Drugs and toiletries
do
4,361
4,780
5 867
5 738
5 400
8,885
8,477
5,234
5,999
Foods, soft drinks, confectionery. ..
do
5,457
5, 357
6,472
7,390
7,352
7,916
7,625
7,026
4,135
1,521
2, 005
3,158
1,507
Beer, wine, liquors. .
___
. ... _ d o _ _
1,967
3,225
2,220
3,108
2,472
4,568
2 720
4, 439
3,005
913
4,450
Household equipment and supplies. _.
do ...
1,733
1,348
2,807
1,913
4,999
5,131
2,958
4,012
2,948
1,291
1,001
2,510
3,690
Household furnishings- ..
do ...
681
1,510
1,726
3 842
2,657
3,561
1 860
4,229
4,303
4,769
2,719
2,313
Industrial materials
do
2,793
3 036
3,089
4 567
4 983
3 675
4 208
760
810
456
729
Soaps, cleansers, etc.
__do__.
515
506
971
294
1,073
791
1,098
'69.5
1,549
1,055
1.285
1,377
Smoking materials
do
1, 138
1 362
1,492
1,350
1,087
1 622
1,486
1 458
18,390
17, 502
14, 732
All other
_.
do
9,943
9,297
12, 622
14, 088
11,113
17 472
16, 229
18, 822
13 742
4,306
4,999
Linage, total
thous. of lines
3, 104
3,864
4,656
3,283
4 794
4 927
3 771
4 348
3 402
4 548
3 395
4 205
Newspaper advertising:
196,
204
244,
880
238,
475
199,
363
218,
909
185, 771
229, 480
Linage, total (52 cities)
do
194, 395 242, 549 243 834 260, 381 243, 718 212 279
54, 501
Classified
do
48, 793
50, 193
50, 842
51,050
53, 001
45, 160
48 519
64 921
57 756
59 996
61 286
60 911
Display, total
do ___ 135, 579 146, 362 167, 858 190,379 189, 682 184, 320 145, 362 145, 876 184, 793 183 838 195 460 182 432 151 368
12,572
15,617
8 074
10, 781
9,760
11, 520
9,980
17 079
11 040
Automotive
do
18 499
19 541
15 292
15 226
3,255
3,227
3,179
Financial. _
___ ._ .do _._
4,516
2,673
3,218
2,278
3 530
2,708
3 203
3 278
3*382
3 772
24' ggg
23, 952
34, 513
37, 559
23, 526
General
do
24 785
28, 981
26 038
27 748
34 414
36 696
34 278
33 243
96, 880 109, 777 126, 444 137. 069 136, 298 146, 991 106, 081 104. 379 131, 557 130, 135 136,' 986 12s! 409 . 107.402
Retail
do
T
l
Revised.
* Preliminary.
Data reflect work stoppage in Douglas fir industries.
§Copyrighted data; see last paragraph of headnote, p. S-l.
cf Data reported at the beginning of each month are shown here for the previous month.
fRevised series. For data back to January 1947, see p. 28 of the July 1955 SURVEY.
*New series. Mortgage foreclosures, compiled by the Housing and Home Finance Agency, Home Loan Bank Board, represent estimates of the total number of mortgage foreclosures in all
nonfarm areas of the U. S. Television advertising cost, compiled by the Publishers' Information Bureau, Inc., covers gross time charges for network advertising on major television networks
ABC, NBC, Columbia, and Du Mont). JRevised to exclude magazine sections of newspapers. Comparable data prior to August 1953 will be shown later.
SURVEY OF CURRENT BUSINESS
September
S-9
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
DOMESTIC TRADE—Continued
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates: t
Goods and services, total
bil. ofdoL-
237.9
241 0
945 g
250.5
Durable goods, total
Automobiles and parts
Furniture and household equipment
do
do
do
29.4
12.4
12.9
30.4
13.4
12.1
34.4
16 4
13.9
35.1
16.6
14 2
Nondurable goods total
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
do
do
do
do
121 5
19.5
74.0
7.2
122 5
20 0
74.4
7. 4
122 4
19 8
74 0
125 3
20.5
75 9
7 7
Services, total
Household operation
Housing .- - ..
Transportation
do
do
do
do
87.0
12.7
29.9
7.2
88.1
13 0
30.2
7. t
89 0
13 1
30.6
7 4
90 2
13.4
31 0
7.4
.. _.
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
14, 390
13, 89C
14, 139
14, 665
14, 531
17,872
13. 279
12, 762
14, 704
15, 622
15, 468
15, 734
"15,398
do
do
do
do_
5,022
2,747
2,588
159
4,916
2,672
2, 526
146
4, S42
2, 536
2,399
136
4,853
2, 491
2,344
147
4,786
2,478
2,338
141
5.614
2. 824
2, 630
187
4.482
2. 645
2,532
113
4,503
2,707
2.591
116
5, 430
3, 305
3, 170
135
5.704
3,431
3,271
159
5, 845
3,409
3, 252
157
6,125
3,536
3, 355
180
5,720
' 3, 271
3,080
191
do
do
...do
do
do
do
733
422
310
919
687
233
730
434
296
923
707
216
740
433
307
936
706
230
812
488
325
947
704
243
836
503
333
898
652
246
1,025
600
425
916
597
319
698
410
288
663
493
170
682
405
277
639
480
160
761
456
305
795
599
196
757
466
292
900
672
228
809
510
299
998
752
246
84',
522
325
1,040
798
242
'825
492
333
973
735
238
do
do
_do
do
do
do
9, 368
722
154
283
147
138
8, 98(
681
133
266
154
128
9. 296
847
164
323
188
172
9,812
911
192
35(
204
165
9,744
92(
211
361
195
152
12,258
1,448
354
566
313
215
8.797
693
149
284
136
125
8,260
602
130
247
120
106
9 274
'796
155
328
167
146
9,917
986
194
384
199
209
9,623
878
184
352
166
177
9.608
868
197
326
167
178
9,678
••756
160
287
156
153
do
do
do
do
do
407
1, 221
3,689
3,121
1,052
396
1,207
3, 374
2,828
1,026
392
1. 156
3 475
2, 920
975
406
1,139
3,661
3,10(
1,017
398
1,067
3, 452
2, 893
994
530
1,113
3, 920
3,304
1,008
420
1,013
3.398
2.868
949
394
950
3,253
2,742
873
409
1,026
3,527
2,983
944
416
1, 080
3,689
3,127
988
419
1, 136
3, 514
2. 950
1,046
425
1,168
3, 591
3, 025
1,066
do
do
do
do
do
do
do
do
dj
do
, do
1, 334
697
77
228
332
280
14, 272
4,911
2,640
2,490
150
1,424
761
95
231
337
264
14, 150
4,770
2, 571
2,430
141
1,543
852
103
235
353
276
14,214
4,798
2, 564
2, 434
131
1, 686
923
107
255
401
283
14,071
4,689
2,485
2,348
137
1,821
1, 025
14(
265
391
287
14, 361
4,948
2, 685
2, 547
138
2, 850
1, 555
173
549
574
458
15,123
5, 320
3, 054
2, 904
150
1.244
676
83
186
299
248
14,864
5,143
2. 844
2, 700
143
1,171
611
85
190
284
240
14, 765
5, 209
2,990
2,841
149
1,464
796
107
219
342
256
15, 060
5. 458
3, 169
3, 020
149
1, 650
897
94
278
381
266
1 5, 251
5, 522
3. 202
3,044
158
1, 584
866
99
243
376
268
15, 368
5. 507
3.108
2. 955
153
1, 565
852
102
248
363
266
15, 345
5, 570
3.171
3.011
160
' 1,412
'745
82
244
342
289
15, 484
5,640
3,148
2,963
184
775
447
328
846
614
231
724
415
310
864
644
219
728
426
302
867
645
222
752
444
308
875
648
227
744
448
296
905
674
231
766
475
290
909
668
241
805
488
317
879
647
232
810
496
314
836
623
213
836
496
340
863
645
219
837
504
334
890
661
229
826
498
329
955
719
236
823
503
320
938
707
231
887
536
352
923
684
239
do
do
do
do
do
do
9,361
855
184
348
178
145
9. 380
823
178
315
190
140
11.417
820
177
311
183
149
9,382
812
173
309
175
155
9,412
823
173
330
166
154
9, 803
912
188
374
177
173
9, 722
889
184
356
180
169
9, 556
870
188
338
183
161
9, 602
867
183
334
193
157
9, 729
889
194
342
183
169
9, 860
905
197
350
188
170
9,775
878
196
338
180
164
9,844
905
193
353
190
168
Drug and proprietary stores . .
Eating and drinking places
Food group
Grocery stores.._
_
Gasoline service stations
do
do
do
do
do
403
1,141
3,443
2,887
955
404
1,107
3,497
2,927
969
410
1, 106
3, 570
2, 992
950
407
1,085
3,522
2,966
982
411
1,070
3,494
2,944
985
413
1.070
3, 657
3, 103
974
425
1,092
3. 560
3.007
1,023
412
1,085
3, 577
3,010
998
418
1.083
3,602
3,053
1 , 007
427
1, 141
3, 525
2.980
1,023
428
1, 126
3, 636
3,069
1.026
431
1,140
3,635
3,063
1,030
439
1, 158
3, 561
3,004
1,034
General-merchandise group
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
_
Other general-merchandise stores
Liquor stores -_
.
do
do
do
do
do
do
1,569
862
104
250
353
277
1, 576
854
101
256
364
291
1,566
849
100
257
359
283
1, 565
867
98
247
353
266
1,570
870
101
258
341
266
1,669
904
107
285
374
284
1, 654
902
106
269
377
290
1,584
849
104
254
377
277
1,615
861
112
258
384
277
1,677
912
104
268
393
273
1,676
889
111
271
404
292
1,630
877
109
268
377
296
1,723
958
112
276
378
294
d0
do
do
21.840
10, 240
11,600
22, 140
10,160
11,980
22, 500
9,890
12,610
22, 630
9,570
13, 060
23, 270
9,840
13,430
20, 670
9, 240
11,430
20. 970
9,700
11,270
22, 010
10, 270
11,740
23, 520
10, 950
12, 570
23, 570
11. 280
12, 290
' 23, 390 ' 22, 840 22, 740
11. 240
10, 920
10, 860
' 12, 150 r 11,920
11,880
do
do
do
do
do
22, 400
10,190
3,670
1,920
2,290
22, 450
10, 290
3,740
1,920
2,320
22, 420
10,230
3, 660
1,930
2,340
22,000
9, 980
3, 360
1,930
2,340
22. 080
10, 030
3, 390
1,930
2, 340
22. 090
10,000
3. 430
1,900
2,410
22, 210
10. 160
3,650
1,850
2,330
22, 360
10, 330
3, 770 1
l,890i
2,310
22, 590
10, 450
3.900
1.890
2,290
22, 760
10. 540
3, 960
1.910
2, 290
' 23, 000 ' 23, 190
10, 750
10, 780
4, 130
4,100
1,920
1,950
2,310
2,330
12,210
2,700
2,530
3, 730
12,160
2, 670
2,490
3, 740
12, 190
2,740
2, 370
3, 820
12,020
2.690
2,290
3,770
12,050
2,700
2,300
3,810'
12,030
2. 570
2,310
3, 920
12, 050 i
2.650
2,380
3,830
12, 030
2, 710;
2,350^
3,820'
12. 140
2. 770!
2. 3101
3, 870:
12.220'
2.800
2. 380
3,830
r
mil of dol
Durable-goods stores
Automotive group
.__
Motor- vehicle, other auto dealers
Tire, battery, accessory dealers
Furniture and appliance group, .
Furniture, homefurnishings stores
Household-appliance, radio stores
Lumber, building, hardware group
Lumber, building-materials dealers
Hardware stores . .. Nondurable-goods stores
.. ..
Apparel group
__ _ _
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores.
_
Drug and proprietary stores
Eating and drinking places. _..
Food group
Grocery stores ._.
_
Gasoline service stations
, __
General-merchandise group
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Other general-merchandise stores
Liquor stores
Estimated sales (adjusted), total
Durable-goods stores
Automotive group _ _ _
^ .
Motor- vehicle, other auto dealers
Tire, battery, accessory dealers
Furniture and appliance group, _
do
Furniture, homefurnishings stores
do.
Household-appliance, radio stores^
do
Lumber, building, hardware group _ I _ _ _ do . ~ . ~
Lumber, building-materials dealers
do
Hardware stores
..
do
Nondurable-goods stores . . . _ „ . .
Apparel group
Men 's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
.
Estimated inventories:
Unadjusted, total
Durable-goods stores
. ._. .
Nondurable-goods stores
Adjusted, total
.. _
Durable-goods stores
Automotive group
Furniture and appliance group
Lumber, building, hardware group
Nondurable-goods stores
Apparel group. _ . _
Food group
General-merchandise group
._
do
do
do
do
i
12, 250
2. 740
2. 420
r
3, 860
1
15,368
i 3, 295
1
875
1745
1
-434
440
' 1, 274 1 1,232
' 3, 761 1i 3, 577
' 3, 198
3, 000
' 1,099
'1,117
i 1, 578
1849
23, 350
10, 850
4, 160
1,950
2, 350
' 12. 410 12, 500
2.740
2, 770!
2, 450
2,470;
'3,990
4,020
to 1982, se, the
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 1955
1954
1955
DecemAugust Septem- Octobcr November
ber
July
January
February
March
April
June
May
July
August
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Firms with 11 or more stores:
Estimated sales (unadjusted), totalcT mil. of dol _
Apparel group
do
Mien's and boys' wear stores
do
Women's ppparel accessory stores
do
Shoe stores
- - do _ _
Drug and proprietary stores
_ __ _ _ do
Fating and drinking places
do
Furniture homefurnishings stores
do
General-merchandise group
do
Department stores
- do
Dry-goods, other general-merchandise stores
mil of dol
Variety stores
do
Orocerv stores
do
Lumber building-materials dealers_ do
Tire battery accessory stores
do
Estimated sales (adjusted), total cf Apparel group
-- IVTen's and boys' wear stores
TVomen's apparel accessory stores
Shoe stores
-Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
- do
do._
do
do
do_
do
do
do
Generfll-merchandise group
do
Department stores
do
Dry-goods, other general-merchandise stores
mil. of dol
Variety stores
- - - do
Grocery stores
do
Lumber building-materials dealers
do
Tire battery accessory stores
do
Department stores:
Accounts receivable, end of month:
Charge accounts
1947-49=100
Installment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts 9
doSnles by type of payment:
Cash sales
percent of total s^les
Charge account s^les
do
Installment snles
do
Sales unadjusted total U 84
Atlanta
^Boston
Chicago
Cleveland
Dallas
- .Kansas City
Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco
Sales, adjusted, total U. S.t
Atlanta
Poston
Chicago
Cleveland
Dallas
Kansas Citv
Minneapolis
New York
Philadelphia
_- .
Richmond
St Louis
San Francisco
Stocks, total U. S., end of month:t
Unadjusted
__
Adjusted
1947-49=100
do
do
do
do
do__do .
do
_ _ _ do. ._
do
_
_ do_ do
do
- -
. __
r
2,470
131
10
55
47
60
58
29
2,598
170
13
62
63
60
57
28
2,802
183
17
68
61
64
57
33
2,743
186
20
71
54
61
54
32
3,718
296
32
119
86
92
58
32
2,316
126
12
48
41
60
53
23
2,255
113
10
44
37
57
50
24
2,632
174
14
67
56
60
56
32
2,906
212
17
81
79 i
64
56
26
2,721
178
15
72
62
62
58
31
2,778
176
16
66
64
62
60
28
2,729
146
11
60
54
65
69
27
655
314
692
321
732
355
797
380
848
385
1, 360
565
267
536
240
687
327
807!
389
760
377
774
378
706
346
73
144
58
74
80
140
1,083
50
42
1,071
54 1
42
93
170
1,166
61
49
116
215
1,253
68
57
105
186
1,135
75
56
1,164
1,212
94
175
1,206
70
58
72
52|
2, 655
730
336
748
345
107
190
1,128
166
16
65
55
63
55
29
109
200
1,119
98
184
120
199
1.077
1, 183
2,607
168
15
64
59
63
54
30
2, 660
177
17
67
59
63
57
27
2,798
188
18
73
62
66
57
27
2,754
181
15
69
62
63
56
31
2,717
169
15
66
56
63
57
30
2,778
178
15
68
61
63
57
30
2,774
175
15
70
60
66
57
28
2,825
181
16
71
61
64
57
28
2,784
172
15
67
57
64
59
28
2,809
179
15
72
60
66
59
30
745
351
722
334
745
345
820
385
812
393
758
357
802
380
795
379
800
369
780
359
814
383
120
216
70
52
114
206
1,127
66
55
107
197
1,164
70
55
115
205
1, 168
70
55
112
205
1,170
69
58
117
211
1, 193
73
55
1,184
102
199
1,120
200
277
163
276
140
268
132
266
137
267
139
267
135
266
125
266
45
13
46
13
47
14
48
13
46
14
44
14
43
14
48
15
44
15
45
15
46
15
43
14
46
43
11
45
44
11
44
44
12
45
44
11
47
43
10
45
43
12
45
43
12
44
44
12
45
44
11
45
44
11
46
43
11
45
42
13
98
113
123
115
113
105
118
141
110
114
111
137
154
133
133
200
234
200
188
91
106
90
88
87
' 110
9^
80
'85
85
91
'92
97
88
'107
82
84
'83
' 103
89
81
'82
83
'91
'89
93
100
129
90
98
'93
120
104
88
'93
101
111
101
97
114
141
108
114
'112
136
123
108
'99
109
125
' 118
112
'116
134
111
116
110
133
119
108
' 101
113
129
' 120
109
121
107
'98
pl22
P82
' 119
137
114
112
' 134
109
109
' 108
' 129
' 114
' 103
' 101
' 108
' 122
' 114
' 118
' 115
133
' 107
' 114
' 107
' 134
' 120
' 108
' 105
111
' 129
116
' 118
119
142
' 108
' 119
' 116
' 142
' 126
' 107
' 102
115
' 126
122
' 120
117
137
111
' 117
' 113
' 134
117
' 123
' 127
' 124
' 129
' 124
' 127
' 123
' 116
83
'97
94
' 117
' 111
'128
'115
' 122
' 122
116
111
'107
111
122
111
112
' 138
12^
122
' 109
'133
'149
133
120
'134
113
130
123
116
146
153
137
134
111
126
108
108
105
122
116
105
105
108
119
109
114
' 112
' 135
' 109
'108
' 113
'133
' 114
'
'
'
'
'
'
'
'
'
'
'
'
'
112
116
' 114
' 115
'119
' 122
'128
' 122
' 137
' 122
' 138
' 123
104
108
'103
' 126
' 114
'104
105
' 105
'122
110
106
' 131
118
106
' 102
'108
' 122
110
' 109
'107
' 131
116
104
' 106
111
124 1
313, 704
69, 881
243, 822
327 837
77, 591
250, 247
345, 570
81, 298
264, 272
370 634
88, 435
282, 199
384 428
93, 531
290, 898
9,510
2,870
6,640
9,460
2,980
6,480
9,630
3,090
6,540
3,100
9,470
9,630
3,020
11, 500
11, 630
5,710
11, 750
11,940
5,640
5,720
5,780
121
205
1,161
150
249
' 112
'133
do .-.
do
113
206
135
238
78
'94
89
100
107
1,154
127
231
107
99
'81
85
102
100
111
84
107
200
1,116
77
69
67
50
47
42
11
r 74
105
193
1,108
80
63
61
52
45
14
'113
'100
103
181
168
16
63
57
64
55
29
117
228
77
86
82
110
190
2, 654
117
226
88
203
425
1,288
68
49
64
51
' 107
125
210
1,081
570
71
51
75
49
63
49
63
54
' 109
'106
'133
' 122
' 104
' 103
' 105
'119
' 116
' 114
do
do
.do
104
178
1,029
2,652
164
15
67
54
64
55
31
do. -do
do
do _
do do
do
do
do
do do
do
do
Mail-order and store sales:
Total sales 2 companies
thous of dol
Montgomery Ward & Co-_ _ . _ _ _
do-_.
Sears, Roebuck & Co
do
WHOLESALE TRADE
Sales, estimated (unadj.), total
mil. of dol__
Durable-goods establishments
do
Nondurable-goods establishments
do
Inventories, estimated (unadj.), total
Durable-goods establishments
Nondurable-goods establishments
2,643
139
11
58
52
63
58
28
5,920
5,640
6,110
6,370
6, 300
6,610
11, 920
5,610
6,310
' 191
'228
205
180
'18f
197
231
' 194
209
' lib
' 135
' llf
' 112
' IK
' 136
' 12(
' 111
' 10(
11;
' 12J' 11"
118
110
124
523 05f
131.875
391, 181
9,600
' llf
'111
' 140
' 124
' 112
' 108
' 113
' 133
' 123
' 125
' 110
123
268 312
53. 456
212, 856
242 847
52, 271
190, 576
319 249
76, 420
242, 829
376 049
88 607
287, 442
8,690
lie
r 120
' 107
' 103
114
r 12S
' 120
'118
' 112
104
120
113
95
' 100
' 106
118
' 106
113
' 114
136
107
114
' 108
' 132
' 118
' 103
' 104
r
113
' 123
' 108
T
118
r
121
' 127
71
60
2, 720
8,450
2 800
5,650
9,700
3 270
6,430
9,140
3 220
5,920
9,320
5,970
11, 560
11, 740
5, 650
6 090
11,770
5,850
5 920
11, 620
5, 940
5,680
11,570
6,000
5 570
11 550
3 270
6,050
6,060
5 490
»104
P 9"
P96
P123
P 11
p89
P!
P8
P 10
P 102
P 106
'
v
p
P
P
P
P
p
P
p
P
p
p
124
152
114
122
124
145
136
111
108
120
136
132
122
P 118
P 119
P 127
370 491 ' 377 031 347 36n
84, 767
74 182
83 922
285, 725 ' 293, 109 273, 178
3,010
6, 590
5. 4GO
6, 100
70
55
'10 110
3 450
'6 660
9 65(
3 19C
6 46C
'11 520
6 040 i
'5 480 i
11 640
5 95C
5 69C
380 967
87 181
293, 786
Revised.
*> Preliminary.
cf1 Excludes comparatively small sales amounts for certain lines of trade.
9Revised beginning 1953; not strictly comparable with earlier data.
JData for 1946-55 have been revised to reflect current seasonal patterns and to allow for changes in the samples used
in computing the unadjusted indexes. Unpublished revisions (prior to July 1954) will be shown later.
SUEVEY OF CURRENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-ll
1954
July
August
19 55
SeptemOctober Novem- December
ber
ber
January
February
March
April
May
June
July
August
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. Armed Forces overseas©
thousands..
162, 409
162, 667
162, 945
163, 210
163, 465
163, 699
163,930
164, 158
164, 367
164, 595
164, 799
165, 023
165, 248
165, 495
Noninstitutional population, estimated number 14
years of age and over, total§
thousands..
116,217
116, 329
116, 432
lie, 547 116, 644
116, 763
116, 855
116,901
117,051
117, 130
117,236
117,318
117, 404
117,517
68, 824
68, 856
68, 566
68, 190
67, 609
66, 811
66, 700
66, 550
66, 840
67, 784
68, 256
69, 692
70, 429
70, 695
.do „
do
do .
... .do
do
65, 494
62, 148
7,486
54, 661
3,347
65, 522
62, 277
6,928
55, 349
3, 245
65, 244
62, 145
7,527
54,618
3,100
64, 882
62, 141
7,239
54, 902
2,741
64, 624
61, 732
6, 154
55, 577
2,893
63, 526
60, 688
5, 325
55, 363
2,838
63, 497
60, 150
5, 297
54, 853
3,347
63. 321
59, 938
5,084
54, 854
3,383
63, 654
60, 477
5, 692
54. 785
3, 176
64, 647
61,685
6,215
55, 470
2,962
65,192
62, 703
6, 963
55, 740
2,489
66, 696
64,016
7, 681
56, 335
2,679
67, 465
64, 994
7,704
57, 291
2,471
67, 726
65, 488
7, 536
57, 952
2,237
-do _ _
47, 393
47, 473
47, 865
48, 357
48, 735
49, 952
50, 156
50, 352
50, 212
49, 346
48, 979
47, 626
46, 975
46, 823
do
do
do ...
do
47, 866
15. 584
8,811
6,773
48, 123
15,822
8,820
7,002
48, 490
15, 972
8,887
7,085
48, 580
16, 007
9,002
7,005
48, 808
16, 057
9,121
6,936
49. 463
16, 050
9,144
6,906
47, 741
15,925
9,113
6,812
47, 753
16, 060
9,220
6,840
48,212
16,201
9, 323
6,878
48, 643
16, 255
9,418
6,837
48, 918
16, 334
9,501
6, 833
r 49, 508
r 16, 577
' 9, 624
- 6, 953
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
760
101
34
210
763
99
35
215
744
90
34
213
743
91
43
211
749
94
44
212
747
93
43
212
741
94
43
211
737
94
40
210
739
95
38
208
739
97
37
205
742
97
34
208
760
'99
37
211
308
108
2,686
4,029
1,228
127
705
41
565
306
108
2,735
4,018
1,220
126
703
41
565
300
107
2,698
4,023
1,212
125
696
41
561
292
106
2, 652
4, 005
1,203
124
694
41
556
294
106
2,598
3,986
1,186
123
694
41
555
296
104
2,426
3,996
1,187
123
694
42
555
294
100
2,237
3, 927
1, 153
122
693
41
553
293
100
2,169
3,937
1,152
121
696
41
553
296
102
2,255
3, 966
1,157
121
700
41
554
295
105
2,399
3,939
1,159
120
667
42
554
297
106
2, 526
3,997
1,196
120
674
42
557
306
107
2,615
' 4, 081
1,224
119
716
42
564
Wholesale and retail trade,
_ _ ...
do _
Wholesale trade
do
Retail trade
_.
..
_.
do .
General-merchandise stores
do
Food and liquor stores
_.
_ _ _ _ d o ...
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
10. 351
2,784
7,567
1,281
1,442
764
2,150
5,755
580
338
162
6,551
10, 321
2,784
7,537
1.280
1,434
760
2,151
5,750
579
332
156
6,563
10, 447
2,789
7, 658
1,349
1,444
753
2,141
5.719
512
329
157
6,746
10, 548
2,819
7,729
1,398
1,460
749
2,136
5, 660
474
330
160
6,829
10, 745
2,849
7, 896
1, 518
1,472
754
2,134
5,622
466
328
158
6,917
11,354
2,860
8,494
1.903
1,494
767
2,136
5,588
463
327
155
7,166
10,419
2,817
7, 602
1,327
1,462
749
2,124
5, 533
456
326
153
6,835
10, 309
2,806
7, 503
1,269
1,467
749
2, 132
5, 536
462
324
150
6,873
10, 408
2,813
7,595
1,305
1,471
755
2,150
5,571
463
325
154
6,922
10, 549
2,804
7,745
1,372
1,478
763
2,161
5, 674
480
329
157
6,927
10, 534
2,801
7,733
1,342
1,487
768
2,171
5,733
-488
'333
160
6,881
- 10, 643 ' 10, 642 v 10, 641
- 2, 855 p 2, 864
r 2, 826
' 7, 787 P 7, 777
-7,817
- 1, 349 - 1, 315 P 1,308
- 1, 503 - 1, 506 p 1,501
-786
787
- 2, 206 ' 2, 236 P 2, 233
- 5, 819 p 5, 821
r 5, 775
513
337
161
6,851
' 6, 696 P 6, 718
do
do ..
do
do .
48, 048
15, 733
8,912
6,821
48, 029
15, 688
8,856
6,832
48, 020
15, 739
8, 881
6,858
48, 129
15, 835
8,975
6,860
48, 386
15, 972
9,082
6,890
48, 380
15, 992
9,105
6,887
48, 398
15,993
9,124
6,869
48, 440
16, 091
9,211
6,880
48, 766
16, 229
9,300
6,929
48, 881
16, 380
9,405
6,975
49. 214
16, 545
9,523
7,022
- 49, 505 ' 49, 654 p 49, 678
- 16, 688 '16,651 p 16, 637
' 9, 631 p 9, 608
- 9, 627
- 7, 061 ' 7, 020 P 7, 029
do
do
__do. __
do
do _
do
do
768
2,534
4,000
10, 480
2,118
5, 670
6, 745
755
2, 532
3,989
10, 475
2,119
5,665
6,806
740
2,521
4,007
10, 447
2,141
5.634
6,791
743
2,502
3,995
10, 443
2,147
5, 660
6,804
745
2, 522
3,976
10, 496
2, 145
5, 650
6,880
743
2,476
3,986
10, 575
2,147
5,644
6,817
741
2, 458
3,974
10. 574
2, 145
5,646
6,867
741
2,410
3,984
10, 541
2, 154
5,649
6,870
739
2,478
3,986
10, 633
2,161
5, 656
6,884
743
2,499
3,946
10, 600
2,161
5,674
6,878
749
2,526
4,000
10, 655
2,171
5,676
6, 892
756
2,514
4, 064
-10,711
- 2, 184
- 5, 690
6,898
-755
P746
- 2, 548 P 2, 527
- 4, 070 P 4, 091
- 10, 775 p 10, 800
- 2, 203 P 2, 200
- 5, 733 P 5, 735
- 6, 919 P 6, 942
12, 179
6,876
104
12,418
6,890
101
12, 577
6, 965
102
12, 612
7,081
100
12. 657
7,198
98
12. 645
7,218
97
12, 523
7,182
96
12, 649
7,282
94
12, 778
7,375
94
12, 816
7,457
91
12, 882
7,530
90
- 13, 086
- 7, 630
-89
' 12, 988 p 13, 249
- 7, 523 P 7, 556
-89
P88
583
318
275
424
74
969
592
325
290
434
76
967
672
371
298
437
76
965
692
374
301
438
76
969
685
369
301
438
76
988
661
360
297
437
75
1,002
631
350
293
430
74
1,013
639
353
296
434
75
1,032
634
355
298
442
76
1,057
651
360
297
450
77
1,076
683
'373
298
456
79
1, 096
r 727
388
-300
'466
80
-1,115
485
484
485
481
487
493
498
508
520
531
'544
559
52
52
50
49
53
53
53
53
53
54
54
55
809
820
821
829
844
843
834
844
860
868
877
-884
94
1,111
751
1,279
590
537
111
33
214
358
100
1, 095
766
1,238
562
528
103
36
214
373
102
1,097
785
1,183
504
531
103
36
218
386
103
1,093
800
1,249
580
522
104
35
218
393
103
1,092
811
1,334
665
524
101
36
218
390
100
1,106
809
1, 375
702
525
104
37
218
373
97
1,109
800
1,400
730
523
104
38
217
360
100
1,125
803
1,426
750
523
106
41
216
371
103
1,144
803
1,447
773
520
108
40
219
377
103
1,164
804
1,462
789
518
107
41
218
376
104
1,174
809
1,456
-789
-509
109
42
211
379
107
-1,182
-816
- 1, 447
784
503
113
41
-220
-385
EMPLOYMENT
Total labor force, including Armed Forces
Civilian labor force, total
Employed
_
_
Agricultural employment
Nonagricultural employment
Unemployed
do
Not in labor force
Employees in nonagricultural establishments:?
Total, unadjusted (U. S. Dept. of Labor)
Manufacturing
Durable-goods industries
__ ...
Nondurable-goods industries
Total, adjusted 9
Manufacturing
._
Durable-goods industries
Nondurable-goods industries
Mining
Contract construction
Transportation and public utilities.
Wholesale and retail trade.
Finance, insurance, and real estate
Service and miscellaneous
Government
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___do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
thousands- Primary smelting and refining of nonferrous
metals.
_ . .
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
thousands. _
Heating apparatus (except electrical) and
plumbers' supplies
thousands-Machinery (except electrical)
_ do _
Electrical machinery .
do
Transportation equipment _.
_do _
Automobiles
do
Aircraft and parts. _
do
Ship and boat building and repairs
do
Railroad equipment. . _ .
do
Instruments and related products..
do
Miscellaneous mfg. industries
do
r
- 49, 433 v 49, 789
-16,491 v 16, 772
- 9, 525 p 9, 570
- 6, 966 v 7, 202
-747
87
P753
P93
208
P209
'108
plOS
' 2, 701 v 2, 729
' 4, 101 p4,122
'725
P733
298
'460
P311
P 466
' 1, 102
P 1,112
-865
p88l
- 1, 164
-807
- 1, 425
P 1,155
P824
p 1,376
- 2181
P 221
'3721
v 390
Revised, * Preliminary.
©Minor changes have been made for May 1950-October 1951. Revision s for November 195 1-Deceml:>er 1953 w ill be sho\vn later,
§Beginning July 1955, estimates relate to the calendar week which cont ains the 12th of the month; e arlier dat a relate to that cont aining th(j 8th of th e month.
9 Data for employment and hours and earnings have been revised effectsre with th e May 1955 SURVEY to adjus t to the first quarte r 1954 beiichmark. Revisioris back tc 1953 for all series,
back to 1939 for all employees (total), finance, etc., and Government divisio ns, and b ack to 194 5 for the £ ervice, et c., divisio n will be iivailable within th 3 next few months iipon request to the
Division of Manpower and Employment Statistics, Bureau of Labor Statistic s, U. S. jDepartmen it of Lahoi . Begimling Septe mber 195^I, the esti mates of t he numb 3r of emp .oyees by industry
division and the number and index of production workers in manufacturing Industrie s (p. S-12) adjusted for seasorlal variati on are conapiled by the 17. S. Departmt nt of Labiw, Bureau of Labor
Statistics. Trip, BLS is nnrrpntlv nsinp- trip spasnna.1 fnptnrs fnrrnprlv iiQprl hv thp R^i nrrl nf dn
r
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
July
October Novem- Decem-
August
Janu-
ary
Febru-
ary
March
April
May
June
July
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in mfg. industries 9 — Continued
Total (U. S. Dept. of Labor)— Continued
Nondurable-goods industries
thousands. _
Food and kindred products
do
Meat products
_ _ _ do
Dairy products
do
Canning and preserving
do _
Bakery products
do
Beverages
do
Tobacco m anufaetures
do . _
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
thousandsMen's and boys' suits and coats
do
Men's and boys' furnishings and work clothing
thousands. .
\Vomen's outerwear
do
Paper and allied products
_ ..do
Pulp, paper, and paperboard m ills. _ . ... do
Printing, publishing, and allied industries
thousands..
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
Production workers in manufacturing industries, adjusted: 9
Total
_ - - thousands.
Durable-goods industries
do
Nondurable-goods industries
. _ do _ _ .
Production workers in manufacturing industries: 9
Indexes of employment:
Unadjusted
.
.. 1947-49=100..
Adjusted
do
Miscellaneous employment data:
Federal civilian employees (executive branch) :d*
United States continental
thousands ..
Washington, D. C., metropolitan area
do
Railway employees (class I steam railways) :
Total
.
thousands..
Indexes: t
Unadjusted
1947-49=100
Adjusted
- -- --do _
6, 303
1, 152
246
87
235
176
133
83
946
430
192
5,528
1,238
251
85
320
174
127
102
974
440
202
5, 612
1,268
257
80
347
173
122
110
978
440
204
5, 531
1,180
262
76
244
175
119
112
979
440
204
5. 459
1,111
264
75
179
175
118
103
983
440
204
5, 427
1, 062
264
72
151
173
114
100
983
443
200
5, 341
1,007
256
72
135
168
107
91
977
444
192
5,367
985
250
73
125
169
105
89
985
446
196
5,403
991
248
74
128
169
109
83
985
445
197
5.359
1,011
246
78
142
169
114
80
983
446
196
5, 352 ' 5, 456 ' 5, 465 p 5, 693
1, 035 '1,089 '1,156 P 1,253
251
254
'83
89
'149
179
171
173
I
••118
121
80
82
79
v 108
965
974
' 956
P 978
M31
433
' 197
202
984
103
1,054
112
1, 059
111
1,057
106
1,060
101
1, 073
108
1, 069
108
1,101
110
1,110
110
1,057
104
1,041
105
••1,058
108
' 1, 024
252
296
433
220
273
317
439
222
278
312
445
224
281
305
444
222
282
315
444
222
277
332
442
223
276
335
437
221
285
343
437
222
290
343
439
222
287
314
441
223
••289
••296
444
'223
292
305
451
226
!
' 449|
v 456
508
144
167
517
201
181
141
171
65
328
218
509
144
167
520
201
179
139
175
66
338
224
518
146
170
529
201
177
137
196
83
331
217
520
147
170
534
202
175
135
202
84
330
213
518
147
169
533
205
173
134
202
81
332
216
519
148
172
534
206
172
133
207
85
335
222
512
146
170
534
207
169
132
209
85
336
225
512
145
170
535
209
170
132
209
87
345
228
516
146
171
548
212
172
133
212
87
347
227
516
147
171
551
214
173
132
211
89
337
222
516
148
171
550
215
175
134
216
90
331
-218
'521
149
172
545
217
'176
136
219
91
'342
226
519
P 519
12, 337
6, 979
5, 358
12, 297
6,928
5, 369
12, 346
6, 957
5,389
12,445
7, 054
5,391
12, 572
7, 159
5,413
12, 580
7,177
5, 403
12.586
7,191
5,395
12,673
7, 269
5,404
12. 798
7.350
5,448
12. 934
7,443
5,491
98.5
99.7
100.4
99.4
101.7
99.8
102.0
100.6
102.3
101.6
102.2
101.7
101.2
101.8
102. 3
102.5
103.3
103.5
103. 6
104. 6
104.1
105.8
105.8
106.7
2, 135. 4
207.4
2, 130. 9
206.4
2,115.9
204.7
2,121.3
205. 5
2,138.7 ' 2, 431. 1
206.0 ' 209. 8
2, 113. 2
206.1
2,116.4
207.0
2, 122. 1
207.5
2. 127. 4
207.3
2, 132. 9
207.7
2, 157. 4
211.3
1,107
1,099
1,092
1, 083
1,064
1,059
1,037
1;033
1,035
1,040
1,081
' 1, 109
1,120
83.6
81.8
83.0
81.5
82.5
82.3
81.8
83.5
80.4
82.2
79.8
81.5
78.2
77.5
78.0
78.1
78.1
78.7
78.4
79.5
'81.6
'80.5
'83.7
'81.9
v 84. 5
*82.8
J-85. 0
v 83. 5
131.9
134.8
139.1
142.2
143.1
141.5
144.4
146.6
146.7
150.1
152.1
' 151. 5
p 156.0
39.4
39.7
40.1
39.7
40.1
40.1
39.7
40.1
40.1
39.9
40.4
40.5
40.2
40.8
40.7
40.5
41.1
40.7
40.2
40.9
40.0
40.4
41.1
40.5
40.6
41.4
40.6
40.3
41.2
40.6
40.8
41.6
40.8
40.7
41.3
41.0
'40.4
'40.9
'40.2
v 40. 8
Ml. 5
P 39. 8
40.8
41.7
39.4
40.3
38.4
38.3
41.5
42.2
40.6
40.7
39.1
38.4
40.6
41.7
40.8
40.7
39.3
38.5
41.5
41.9
41.2
41.2
39.7
38.9
41.1
41. 5
40.9
41.2
39.2
39.5
40.8
40.9
41.4
41.1
39.5
40.0
40.7
40.7
40.5
40.6
39.3
40.4
40.8
41.2
41.3
40.6
39.6
40.6
40.8
41.1
41.3
41.3
39.9
40.9
40.4
40.6
40.3
41.3
39.6
41.2
'41.0
41.7
40.7
41.8
'39.6
'41.6
41.8
42.7
41.6
42.0
40.1
41.7
'40.7
Ml.O
'40.7
'41.1
M2.1
Ml. 5
'40.5
Ml. 4
37.5
37.3
37.4
37.7
38.8
39.1
39.7
39.8
40.2
40.5
'40.9
41.4
39.8
40.3
39.4
40.0
40.3
40.5
40.6
40.4
40.5
40.6
'40.7
40.6
40.0
40.5
40.7
40.9
41.2
41.6
41.1
41.2
41.4
41.2
41.6
41.3
'41.2
P 41. C>
'41.6
'39.5
'41.8
Ml. 9
P 40. 8
P 42. 4
'40.4
r 40 0
Ml. 6
v 4ft 4
P 1, 082
i
' 543
v 547
179;
P 179
!
' 217;
343
P 219
v 354
13, 081 ' 13, 200 '13,157 v 13. 12S
7, 549 ' 7, 634 ' 7, 633 P 7, 596
5, 532 ' 5, 566 ' 5, 524 P 5, 532
' 105. 0 P 107. 1
•• 106. 4 p 106. 1
2,161.4
211.9
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U. S. Dept. of Labor) 9
1947-49=100
138.0
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 wood products (except furniture)
hours...
Sawmills and planinr 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 oi nonferrous
metals
..„ _. .hours
Fabricated metal prod, (except ordnance, machinery, transportation equipment) ..hours..
Heating apparatus (except electrical) and
plumbers' supplies
hours
Machinery (except electrical)
do
Electrical 'machinery
do
Transportation equipment
...
do
Automobiles __ ...
._ _. ...do
Aircraft and parts
do
Ship and boat building and repairs
do
Railroad equipment
do
Instruments and related products
do
Miscellaneous mfg. industries
do
40.4
39.1
40.0
40.1
40.7
40.2
39.3
40.4
39.8
40.2
'40.3
40.0
40.2
40.1
40.2
40.4
40.3
40.9
40.8
41.0
42.1
41.4
42.1
41.6
39.8
39. 3
40.1
40.4
40.7
40.5
40.4
40.3
40.5
40.5
40.8
40.6
40.2
39.8
40.4
40.0
41.8
42.5
42.1
42.4
40.4
42.1
42.7
42.7
39.2
40.0
40.6
42.9
39.8
44.0
43.0
43.8
'44.3
44.3
40.1
43.5
40.8
40.7
40.8
40.7
41.2
41.4
41.5
41.1
40.9
41.3
41.0
40.7
39.0
38.7
37.9
38.4
38.2
39.2
39.4
39.5
39.9
39.7
39. 6
39.6
38.4
38.2
38.2
40. 1
36.8
39.9
40.4
39.4
' 40. 1
39.5
40.8
40.0
39. 5
39.5
40.1
39.9
40.3
40. 5
40.2
40.5
40.6
40.5
40.8
40.3
39.9
39.0
40.5
40. 5
40.0
40. 6
40. 5
40 6
40. 1
40. 5
40.5
40. 2
p
Revised.
p Preliminary.
' Includes temporary Post Office employees hired during Christmas season; there were about 304,300 such employees in all areas.
9 See corresponding note on p. S-ll.
t Revised to reflect use of new base period.
SUEVEY OF CURRENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-13
1954
July
August
19£>5
Decem^reH October November
ber
Se
January
February
March
A]>ril
May
June
July
August
EMPLOYMENT AND POPULATION—Continued
!
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
All manufacturing industries, etc.— Continued
Nondurable-goods industries 9
hours. .
Food and kindred products
do
Meat products
do
Dairy products
do
Canning and preserving
do
Bakery products .
do
Tobacco manufactures
Textile-mill products
Broad-woven fabric mills
Knitting mills
__ - -
_
_ . do_
do
_ do.- do...
Apparel and other finished textile products
hours. .
Men's and boys' suits and coats
do
Men's and boys' furnishings and work clothing
hours-.
Women's outerwear
_ _ . . . - . - . d o_ .
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
hours .Newspapers
do
Commercial printing
do ...
Chemicals and allied products
do
Industrial organic chemicals
do _.
Products of petroleum and coal
do _ .
Petroleum refining
do
Rubber products _ _
. . do _ . _
Tires and inner tubes
do Leather and leather products
do _ . _
Footwear (except rubber)
do
Nonmanufaeturing industries: 9
Mining:
Metal
- --- ---_-do.-\nthracite
do
Bituminous coal _
..
_ .. do ._
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production . hours. .
Nonmetallic mining and quarrying
-do
Contract construction
. do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines!
do
Telephone
do
Telegraph
do
Has 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
39.0
41.5
41.7
44.6
39.4
41.1
41.5
37.9
37.8
37.8
36.6
39.2
41.2
40.9
43.2
40.6
40.8
40.6
38. 5
38.5
38.4
37.6
39.3
41.5
41.2
43.6
40.8
41.0
40. 6
39.4
38.6
38.7
37. 5
39.2
40.9
41.5
43.5
38.5
40.7
40.4
40.1
39.2
39.5
38.3
39.5
41.?
42.8
42.4
36.7
40.6
39.9
36.9
39.8
40.3
38.5
39.8
41.4
42.8
42.8
38.2
40.9
39. 5
38.4
40.2
40.6
38.3
39.3
40.8
41.7
43. 3
37.7
40.4
39.4
37.7
39. 6
39.9
37.4
39.5
40.5
40. 0
43. 3
38.2
40.5
39.7
37.0
40.0
40.1
38.2
39.7
40. 5
40. 5
43.2
38.0
40.4
40.2
37.6
40.0
40.1
38.4
39.0
40.3
40.0
43.0
37.7
40.3
40.5
36.4
38.7
39.1
36.3
39.6
41.1
41.3
'43.8
'38.3
"41.1
' 40. 7
38.8
' 39. 5
'40.0
'37.5
39.9
39.7
41.5
'41.8
41.2
43.9
39.6
41.4
40.8
39.4 ~ ~ ~ V 3 8 ~ 5
39.8
39.6
40.1
38.1
35.2
35.5
36.2
35.0
35.9
35.4
35.7
32.9
36.1
33.8
36.3
36. 0
36.0
35. 5
36.7
36. 6
37.1
37.2
35.6
34.2
••36.3
' 35. 7
36.6
37.1
35.5
34.1
42.4
43.8
36.9
35.2
42.6
43.6
36.7
34.1
42.6
43.6
36.8
33.6
42.7
43.7
36.5
34.9
42.8
43.8
36.2
35.7
42.7
43.8
30. 0
35. 6
42.3
43.7
37. 1
35.9
42.5
43.8
37.1
36.3
42.8
44.0
35.6
35.4
42.5
43.7
36.6
'36.0
'42.9
44.0
37.1
35.5
43.0
44.1
38.3
35.8
39.5
40.9
40.5
41.1
40.8
39.4
38.5
37.5
37.2
38.5
35.6
39.4
40.9
40. 5
41.0
40.7
39.1
37.4
37.4
36.9
38.6
36.0
39.4
41.2
40.9
41.2
40.6
39.3
38.3
36.2
35.1
38.4
36.0
39.4
41.2
40.6
40.6
40.4
40.4
39.3
35.7
34.3
38.5
36.0
39.5
41.3
40.9
40.9
40.8
41.1
40.4
37.0
35.9
39.0
36. 8
40.2
41.4
41.0
40.6
40.6
41.8
41.6
37.8
37.2
38.2
35.2
39. 6
41.1
40.7
40.8
40.9
41.3
41.1
37.9
37.5
38.4
35.5
39.8
41.2
40.8
40.2
40.2
41.3
40.7
38. 8
38.5
38.8
35.8
40.2
41.4
41.0
40.7
40.4
41.0
40.3
38.5
38.1
38.5
36.1
39.7
41.3
40.9
41.0
40.7
41.8
42.4
36.6
36.0
' 38. 7
' 36. 5
'39.6
41.3
41.0
41.4
' 41. 0
42.0
' 42. 1
36.7
36.0
38.7
36.4
39.7
41.4
41.1
41.1
40.5
42.6
43.7
37.8
37.4
40.3
29.2
30.4
40.8
33.0
33.1
40.2
23.6
32.6
40.1
34.1
35.3
40.6
33.7
35.6
41.7
35.1
37. 1
42.8
3M
37.1
42. (
36.3
37.8
41.6
31.9
36.9
41.1
28.8
37.2
r 42. 2
30.8
'37.4
42.1
34.5
38.9
40.6
45.2
38.1
42.3
36.9
41.4
45.1
38.0
41.9
37.0
40.8
44.7
36.8
39.9
36. 0
40.2
44.9
37.4
40.4
36. 6
40.2
44.4
36.7
40.3
35.8
40.3
43.4
36. 4
38.4
36.0
41.7
42.4
35. 4
36.8
35.
39.9
41. T
35. 3
37.9
34."
40.1
43.6
36.6
39.6
35.9
40.2
43.9
36.0
38.2
35.4
41.2
' 45. 3
37.4
' 40. 2
36.7
40.0
45.2
37.7
41.0
36.8
42.9
39.2
41.7
41.5
43.0
38.9
41.8
41.3
42.7
40. 0
41.9
41.7
42.8
39.8
42.1
42.0
42.5
39.7
41.5
41.4
43.2
39.3
41.4
41.4
42.5
38.9
41.3
40.9
42.9
39.0
4i.:
40.9
42.8
39. 0
41.5
40.8
43.0
39.4
42.0
40.9
' 43. 3
39.8
42.3
41.0
43.7
39.3
42.3
41.0
40.4
40.4
40.4
40.5
40.4
40.8
40.4
40.:
40.3
40.3
' 40. 6
40.7
39.8
36.2
39.6
44.4
39.7
36.0
39.3
44.3
39.1
35. 2
38.7
44.2
38.9
34.9
38.0
44.2
38.7
34. 6
38.1
44. 2
39.5
37.
38.4
44.4
38.9
35.3
38.0
44. 0
38.9
35.
37.9
44.2
38.8 i
35.2 !
37.6 i
44.2
38.6
34.7
37.6
44.2
'38.8
' 34. 6
37.7
44.1
39.1
35.2
38.4
44.2
41.7
40.0
38.8
41.8
39.4
38.2
41.9
40.1
39.7
41.7
40.5
40.1
42.0
40.0
39.3
41.8
40.3
39.
42. 1
40.0
39. 0
41.8
39.8
38.0
41.7
40.2
39.2
41.6
40.3
39.7
'41.2
40.8
'41.0
41.4
40.5
40.4
v 39. 9
"41.1
""39.0
"40. 4
'36.0
"36.8
'43.1
" 43. 3
38.7
"38.7
41.2
v 41.3
" '41.2
"41.3
'41.2
•» 41. 5
'37.7
"38.0
Industrial disputes (strikes and lock-outs):
Beginning in month:
370
285
328
220
315
15
225
25
Work stoppages
number-300
375
325
500
425
238
164
29
143
126
71
50
9
Workers involved
thousands
165
170
210
500
750 i
In effect during month:
580
488
525
29
387
325
52f
380 j
Work stoppages
- number
500
575
45C
70(
65( :
376 !
259 i
300
304
129 i
12f
8(
Workers involved
thousands . 7
310
310
22(
650 j
90f !
3,800
1,820
3,740
1,310
48
400
570
Man-davs idle during month
do
2,411
l,60f !
2, 600
2,600
3,400
3, 2()f
.44
.21
.41
.15
Percent of available working time
.27 |
.0
.Or
.07
.30
.17 |
.3fc
.28
. 37
U. S. Employment Service placement activities:
439
487
478 I
426
39
397
Nonagricultural placements
thousands
52T
373
542
480
54£ 1
452
514
Unemployment compensation, State laws (Bureau of
Employment Security):
1,335
1,100
1,194
1,157
1,12;
1,45
' 1, 519
1,038
Initial claimsf
thousands
1,OOE
1,009
9U
89£
96li i
1,862
1, 692
1,466
1,463
1, 66
1,962
Insured unemployment, weekly average*
do
l,58f
1,880
1,657
1,471
1,261 ' 1, 121
1, 092 I
"961
Benefit payments:
1
1,597
1.414
1, 523
1,295
1, 223
1,36
Beneficiaries, weeklv average.
do
1,670
1, 694
l,34f
1, 60C
l,13t) ' 1, 057
924
Amount of payments
thous. of dol. - 167, 980 162, 653 153, 737 135, 29S 132, 089 153,05 i 170, 882 165, 46S 178,761> 135, 77£ 117, 401I * 108, 861
91, 601
Veterans' unemployment allowances:^
1
34
2&
34
36
44
2^
4
Initial claims
thousands
3£
3C}
2,) ;
2t
4f )
31
82
85
It >!
68
6£ i
7
91
Insured unemployment, weekly average
do
9£
8£*
5,)
65
5( !
55
97
100
915Beneficiaries, weeklv average _
.
do
8
7£
73
lOf
111
10'r
8t>
6t)!
64 !
6> •
9,894
10, 238
9,444 ;
7, 377
7,520
9,38
Amount of pavmerits---. thous. of dol- .
10, 1%
10, 224
11,33'r
8, 421
6,731) j
6,60*
6, 76'
i
Labor turnover in manufacturing establishments:
2.9
3.3
3.6 !
3.3 i
2.
Accession rate
monthly rate per 100 employees. .
3.4
3.^ !
3.2
3.£
3.()
3.*1
'4.: 1
*>3.-l'i5
3.1
3.5
3. 3 i
3.C
3.
Separation rate, total _
_ ._ .
- do - _
3.£)
2.i)
2. £
3.1
3.( )
3.1J
3.1: >
p 3. :
.2
.2
\
.2
.2
Discharge...
do
Ji
.1
.;
1
.1
'1
.£
p . i}
*!
- *i
1.6
L: 1
1.6
1.
Lav-ofT
._ .
. do
l.fc
1.1
Lf
1.5
l.C5
p 1. 1>
1.1 1
1.1
1.1 1
1.2
l.i
Quit
do
1.0 1
l.t)!!
l.f
l.£
l.C5
i.f >>
p i.(
l.£>
.2
.2
.3
.1
Military and miscellaneous.
do
. e:
.5
v ^>
.2
.1
i
.1
T
1
Revised.
v Preliminary.
Beginning 1955 includes data relative to UCFE (January 1955 initial clam s, 29,000; benefidar tes, 2,700; benefits p aid, $307,(XX)).
t Revised to include only privately operated lines; data shown in the March 1954 SURVEY and earlier issues co ver both privately operated and go vernment-op erated lin es.
Beginning with the February 1954 SURVEY, data have been revised to exclude transitional claims and, therefore, more closely-represent instances of new unemployment
*Xew series. Compiled by the U. S. Department of Labor, Bureau of Employment Security. Data for insured unemployment for continental (J. S. (excluding Alaska) have been'substituted for the series on number of continued claims filed. The insured unemployment series is derived by adjusting the number of weeks of unemployment for the lag between the week of
unemployment and the time the claim is filed, so that the adjusted series refers to the week in which unemployment actually occurred. The monthly figures are averages of weekly data adjusted for split weeks in the month on the basis of a 5-day week. Weekly averages for 1952 appear in the February 1954 SURVEY.
9 See corresponding note on p. S-ll.
o71 Be tanning with the February 1954 SURVEY, data for veterans' unemployment allowances cover only unemployment compensation benefits under the Veterans Readjustment Assistance
Act of 1952. The figures for initial claims exclude transitional claims; the insured unemployment figures exclude claims from veterans which were filed to supplement benefits under State- or
railroad unemployment-insurance programs to eliminate duplicate counts in the State data shown above; the number of beneficiaries an 1 the amount of payments include all veterans whether
or not the payments supplement benefits under either State or railroad insurance programs.
\:l
SUEVEY OF CURRENT BUSINESS
S-14
September 1955
1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
July
August
Septem- October
ber
Novem- December
ber
January
February
March
April
May
June
July
August
EMPLOYMENT AND POPULATION—Continued
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
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
dollars- .
Primary smelting and refining of non ferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery and trans equip)
dollais
Heating apparatus (except electrical.) and
plumbers' supplies
dollars
Machinery (except electrical)
do
Electrical machinery
do
70.92
75.83
79.80
71.06
76.59
80.20
71.86
77.39
80.60
72.22
77.97
81.41
73.57
79.15
81.81
74.12
80. 15
82.21
73.97
80.16
81.20
74.74
80.56
82.22
75.11
81.56
82.42
74.96
81.58
82.42
76.30
82.78
82.82
76.11
82.19
83.64
62.83
64.64
61.86
71.33
69.50
80.81
65. 57
67.10
63.74
72.04
70.77
80.64
67.40
70.06
64.46
72. 85
71. 53
82.39
69. 72
70.81
65.10
73.34
72.25
82.86
68.64
68.89
64.62
74. 57
72.91
84.53
66. 91
66.67
65.83
73.98
73.08
85.60
66. 34
66.75
63.99
73.49
72.31
87.26
66.50
67.57
65.67
73.49
72.47
87.29
66.10
66.99
65.67
74.75
74.21
88.34
67.06
67.40
64.48
75.17
74.05
89.40
r 68. 47
' 69. 64
64.71
76.91
' 74. 05
r 90. 69
71.90
73.87
66. 98
78.12
75.39
92.16
84.00
82.43
84.90
84.45
87.30
87.98
90.12
89. 95
91.25
92.34
' 93. 66
96.46
79.60
79.79
79.59
80.40
80.60
81.00
81.61
81.20
81.41
81.61
' 82. 62
82.82
75.60
76.95
77.74
78.53
79.52
80.70
80.15
80.34
80.73
80.34
81.54
80.54
r 81. 99
p 82. 78
72.34
80.60
71.53
75. 14
80.80
72.04
75.20
81.81
72.98
76.92
81.61
74.34
75.79
82.01
74.89
76.78
83.44
74.52
75.06
82.82
74.56
76.02
83.64
74.74
76.78
84.87
75.33
76.40
85.70
75.52
«• 77. 38
87.15
76.30
77.97
87.57
75.33
r 86. 53
r 73. 87
p 87. 57
p 76. 30
84.38
85.06
84.66
80.11
80.60
72.68
62.40
85.63
88.00
85.27
81.12
81.79
72.29
63.44
86.40
89.15
85.68
78.83
78.02
73.82
64.40
87.26
90.54
85.47
81.02
82.13
74.19
65.21
91.12
96.53
87.34
80.22
86.98
74.56
65.21
93.08
99.44
87.77
83.10
88.88
75.33
66.18
92.62
96. 75
88.81
82.74
87.82
75.17
65.93
93.28
98.99
87. 95
82.95
85.89
76.14
66.42
94.37
100. 56
88.38
82.76
84.14
76.14
66.58
92.62
97.88
87.10
83.16
88.00
75.76
65.76
94.79
88.07
89.02
87.94
82.97
90.17
77.93
66.42
«• 93. 63
p 95. 82
>• 76. 76
r 66. 40
P 78. 31
p 66. 66
64.74
69.31
77.98
71.81
54.77
68.64
82.17
64.68
67. 57
76.07
69. 55
56.03
68.14
78.76
65.24
68.48
77.87
71.07
56.30
68.88
79.17
65. 07
68.30
78.02
70.47
53.13
68.38
78.78
65.97
70.04
83.03
68.26
51.75
68.21
79.00
66.47
70.79
81.75
69.34
55.39
69.12
78.21
66.02
70.18
79.65
70.58
54.67
68.28
77.62
66. 36
70.07
76.00
71.45
56.15
68.85
78.61
66.70
70.07
77.76
71.28
56.24
68.28
80.00
65.91
70.12
76.00
70.95
57.68
68.11
81.41
67.32
71.51
79.30
' 72. 71
* 56. 68
«• 69. 87
67.89 p 67. 83
' 71. 90 p 70. 69
r 82. 21
67.83
71.38
79.10
72.87
56.23
70.79
82.42
Tobacco manufactures
do
Textile-mill products
do
Broad-woven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars. .
M^en'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
51.54
51.41
49.52
47.58
49.67
52.36
50.69
48.88
48.86
52.50
51.08
49.13
49.72
53. 70
52.14
50.17
47.60
54.53
53.20
50.82
49.92
55.07
53.59
50. 56
50. 14
54.25
52.67
49.37
49.58
55.20
53.33
50.81
51.51
54.80
52.93
50.69
50.60
53.02
52.00
47.92
54.71
' 54. 51
' 53. 20
' 49. 50
55.55
54.53
52.93
50.29
r 54. 29
54.25
v 51. 09
v 55. 35
47.17
56.80
48.87
57.05
48.82
57.35
47.84
53.63
48.37
55.09
49.01
58.32
48.60
57.87
49.55
59.66
49.71
60.64
46.99
55.40
' 47. 92
r 58. 91
48.68
61.59
' 47. 88
P 49. 31
39.76
50.81
74.62
81.47
41.70
53.15
74.98
81.10
41.84
52.17
75.40
81.97
41.58
50.40
76. 01
82.16
41.61
51.65
76.18
81.91
40.91
53. 55
76.01
82.34
40.68
53.40
75. 72
82.16
41.92
54.21
76.08
82.34
42.29
53.72
77.04
83.16
40.23
50.62
76.93
83.47
41.36
' 51. 84
'77.65
83.60
41.92
51.48
78.69
85.11
* 79. 30
P 79. 67
86.94
92.01
85.72
79.35
84.24
87.40
91.85
85.10
78.94
83.43
88.39
94.68
85.89
79.52
85.07
87.94
94.32
86. 29
78. 69
83.64
88.55
94.32
86.90
79.71
84.66
90.09
97. 52
88.84
79.90
84.46
88.24
91.52
87.52
79. 73
84.25
89.47
93.01
87. 9f
80.34
84.86
90.79
94.15
89.65
80.32
85.69
89.71
95.67
88.13
81. 36
87.12
r 90. 95
' 97. 46
r 88. 70
90.95
97.19
89.33
82.80
87.54
' 90. 95
P 90. 95
Products of petroleum and coal
do
Petroleum refining
do
Rubber products
do
Tires and inner tubes
do
Leather and leather products..
_J
do
Footwear (except rubber)-do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum
and
natural-gas
production
dollars, _
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus linesf
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
_-do
Retail trade (except eating and drinking
places)
dollars
General-merchandise stores __ ._
_ do
Food and liquor stores
_
do___
Automotive and accessories dealers
do
Finance, insurance, and real estate:
Banks and trust companies
do ...
Service and miscellaneous:
Hotels, year-round
..
do
Laundries
- - -do. _.
Cleaning and dyeing plants
do
94.53
97.51
76.44
87.01
51.38
43. 73
93.07
96. 05
75.85
85. 65
51.24
48. 71
95.58
97.85
77.42
86.18
49.96
46.68
92.57
95. 75
81. 20
90.39
49.62
45.62
93. 66
97.10
83.02
94.54
51.43
47.39
92.57
96.22
84. 85
98. 18
52.16
49.10
93.02
96.93
83.84
97.41
52.68
49.88
91. 25
94.87
84.25
96.46
53.93
51.59
93. 61
96.96
83.64
95.51
53.52
51.05
95.94
99.72
86.53
102. 18
51. 24
48.24
' 97. 70 97.41
' 101. 27
100. 04
' 87. 36 89.89
' 101. 88 107. 94
51.75
52.92
48.24
50.12
r 99. 29
83.42
73.58
75.39
83.64
82.50
82.09
83.62
56.88
81.17
83.41
86.27
87.54
84.85
85. 26
88.29
87.57
89.86
92.01
90.31
76.88
92.01
88.20
94.74
94.50
87.78
80.07
91.88
86.31
74.88
93.00
' 89. 46
77.62
«• 93. 87
88.83
86.25
98.42
92.57
80,46
96.01
97.71
95.20
93.98
79.83
96.52
97.21
96.20
93.02
79.57
93.84
92.97
94.32
90.85
79.92
95.74
94.13
96.26
90.85
78.59
94.32
94.30
94.15
90.68
76.38
94. 2S
89.47
95.40
95.49
75.05
91.69
85.01
93.02
89.38
74.05
91.43
88.31
91.96
91.43
77.17
94.06
91.48
94.42
93.67
78.58
92.52 i
89.39
93.10
r 96. 41
' 81. 99
* 96. 12
r 94. 07
96.52
92.80
82.72
97.27
95.94
97.15
78.51
68.60
77.15
83.83
78. 26
67.69
77.33
83.43
78.14
71.60
77.93
85.49
78.32
72.04
78.31
86.94
77.78
72. 65
76.78
85.28
79.49
70.74
77.00
84.87
78.63
69.63
76.82
84.25
79.37
70.98
76.82
84.66
79.18
70.20
77.19
84.05
79.98
71.71
78.54
84.66
' 80. 54
72.83
79.52
r
85. 28
81.28
70.74
79.52
85.28
74.34
74.34
74.74
74.93
74.74
75.89
75.14
74.96
75.76
76.17
r
77. 14
77.33
58.51
42.35
62.57
76.37
57.96
41.76
62.09
75.75
57.09
40.83
61.53
74.70
57.18
40.48
60.80
74.70
56. 50
40.14
61.34
74.70
56. 88
41.92
61.44
76.37
57.57
41.65
61.18
75. 68
57.57
41.07
61. 02
76.91
57.42
41.18
60.54
78.68
57.51
40.60
60.54
80.00
' 58. 20
'
40. 83
r
61. 07
«• 81. 14
59.04
41.89
62.59
81.33
Transportation equipment Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products.
Miscellaneous mfg industries
Nondurable-goods industries
Food and kindred products
M^eat products
Dairy products
Canning and preserving
Bakery products
Beverages
T
do
do
do
-do
do
do
do
do
do. .do
do
do
do
do
r 83. 39
r 88. 62
75.92
66.83
r 81. 77
86.51
57.66
57.75
57.71
58.02
58.11
58.51
58.97
59.02
59.08
59.00
«• 58. 69
58.06
40.03
40.00
45.78
40.13
39.40
45.46
40.64
40.50
47.24
40.87
40.50
47.72
41.16
40.40
46. 77
41.38
40.70
47.01
41.26
40.40
46.41
40.96
40.20
45. 22
40.45
40.60
47.04
40.35
40.70
47.24
* 40. 79
41. 62 i
1
' 49. 61
40.99
40. 91
48. 48
Revised.
*> Preliminary.
9 See corresponding note on p. S-ll.
JRevised series. See note marked "}" at bottom of p. S-13.
* 101. 00
' 88. 15
' 76. 36
'82.211
r
82. 01 i
1
r
70. 00
* 77. 11
v 83. 83
p 81. 59
p 71. 34
' 65. 53 p 68. 62
r 76. 86 p 76. 78
' 91. 94 p 94. 81
' 83. 64 P 83. 84
P 99. 12
r 86. 52
P87.15
r 52. 03
P 52. 82
i
.i
SURVEY OF CURRENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-15
1954
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
July
June
August
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
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
Furniture and fixtures
_
-do
Stone clay and glass products
do
Glass and glassware, pressed or blown _ do
Primarv metal industries
do
Blast' furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metal's
_ _.
-dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)— dollars..
Heating anparatus (except electrical) and
plumbers' supplies
dollars..
Machinery (except electrical)
do
Electrical machinery
_ .
do
1.80
1.91
1.99
1.79
1.91
2.00
1.81
1.93
2.01
1.81
1 93
2.01
1.83
1 94
2.01
1.83
1 95
2.02
1.84
1 96
2.03
1.85
1 96
2.03
1.85
1 97
2.03
1.8f
1 98
2.03
1.54
1. 5f
1.57
1. 77
1.81
2.11
1.58
1.59
1.57
1.77
1.81
2.10
1.66
1.68
1.58
1 79
1.82
2 14
1.68
1 69
1.58
1 78
1.82
2 13
1.67
1 66
1 58
1 81
1 86
2 14
1.64
1 63
1 5Q
1 80
1 85
9 14
1.63
1 64
1 58
1 81
1 84
2 16
1.63
1 64
1 59
1 81
1 83
2 15
1.62
1 63
1 59
1 81
1 86
1.66
1 66
1 60
1 82
1 87
9
|Q
917
2.24
2.21
2.27
2.24
2.25
2.25
2 27
2 26
2 27
2 28
2.00
1.98
2.02
2.01
2 00
2 00
9 01
2 oi
2 01
2 01
r
2 03
2 04
1.89
1.90
1.91
1.92
1.93
1.94
1.95
1.95
1.95
1.95
1.9C
1.85
2.01
1.82
1.86
2.01
1.81
1.88
2. 03
1.82
1.89
2.03
1.84
1.89
2 03
1 84
1.91
2 04
1 84
1 91
2 03
1 85
1 91
2 04
1 85
1 91
2 05
1 86
1 91
2
1 86
' 1.92
2 07
1 87
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 _
2.12
2.17
2.08
2.07
2.11
1.84
1.60
2.13
2.20
2.09
2.08
2.13
1.83
1.59
2.16
2.24
2.10
2.08
2.12
1.85
1.61
2.16
2 ^3
2 10
2.11
2.15
1 85
1.61
2 18
2 25
2 12
2.10
2 18
1 85
1 61
2.19
2 26
2 12
2.12
2 20
1 86
1 63
2
9
2
2
2
1
1
20
25
14
10
iQ
87
64
2 20
2 26
2 21
2 27
9 20
2 or
2 22
2 28
2 09
2 13
2
'2.09
2 21
1 87
1 65
2 18
2 22
2 15
2.09
2 21
1 91
1 64
Nondurable-goods industries __ _ ... __. _ do _._
Food and kindred products
do
Meat products
_
...
.do
Dairy products
_
._
do
__
Canning 1 and preserving.
do
Bakery products
do __
Beverages
__
do _
1.66
1.67
1.87
1.61
1.39
1.67
1.98
1.65
1.64
1.86
1.62
1.38
1.67
1.94
1. 66
1.65
1.89
1.63
1.38
1.68
1.95
1.66
1 67
1.88
1.62
1.38
1.68
1.95
1 67
1 70
1 94
1 61
1.41
1 68
1 98
1.67
1 71
1.91
1.62
1.45
1.69
1 98
1
1
1
1
1
1
1
68
72
91
63
45
69
97
1 70
1 74
1 92
1 66
' 1.48
1 70
2 02
1 70
1 72
1 92
1 66
1.42
1 71
2 02
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 bovs' 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- do
Newspapers
__
do
Commercial printing
do.. _
Chemicals and allied products
do
Industrial organic chemicals.
__ _ _ d o
1.36
1.36
1.31
1.30
1.29
1.36
1.32
1.30
1.24
1.36
1.32
1.31
1 24
1 37
1.32
1.31
1
1
1
1
29
37
32
32
1 30
1 37
1 32
1.32
1 37
1 39
1 32
1 33
1.34
1.60
1.35
1.63
1.36
1.62
1.34
1.63
1.34
1 63
1. 35
1.62
1.35
1 63
1.35
1 63
1.34
1.12
1.49
1.76
1.86
2.27
2.57
2.17
1.94
2.08
1.13
1.51
1.76
1.86
2.27
2.58
2.16
1.93
2.06
1.14
1.53
1.77
1.88
2.29
2.63
2.18
1.93
2.08
1.13
1.50
1 78
1.88
2.29
2 62
2.19
1 91
2.06
1.14
1 48
1 78
1.87
2.30
2 52
2 20
1 93
2 07
1.13
1.50
1 78
1.88
2.31
2.65
2.21
1 93
2.06
1 13
1 50
1 13
i ^i
1 14
1 13
1.88
2.31
2 60
2 21
1 88
2.33
1. 80
1 89
2.34
1. 81
1 91
2.33
2 93
1. 94
2. ^2
1. 97
2.30
2. 39
1.94
2.26
1.37
1.31
2.27
2. 36
1.94
2.29
1.37
1.32
2.32
2.41
1.97
2.25
1.38
1.33
2 28
2.37
2 01
2 30
1 39
1.33
2 29
9 38
9 09
1.32
2 28
2.37
2 03
2 36
1 38
1.32
1.33
2.07
2.52
2.48
2.05
2.50
2.48
2.08
2.41
2.49
2.08
2.53
2.48
2 09
2 53
2 48
2.10
2. 56
2.48
2.28
1.78
2.52
2.31
2.58
2.27
1.77
2.54
2.32
2.60
2.28
1.78
2.55
2.33
2.62
2.26
1.78
2. 56
2.33
2.63
2.26
1 77
2 57
2 34
2 63
1.83
1.75
1.85
2.02
1.82
1.74
1.85
2.02
1.83
1.79
1.86
2.05
1.83
1.81
1.86
2.07
1
1
1
2
1.84
1.84
1.85
1.85
1.47
1.17
1.58
1.72
1.46
1.16
1.58
1.71
1.46
1.16
1.59
1.69
1.47
1.16
1.60
1.69
.96
1.00
1.18
.96
1.00
1.19
.97
1.01
1.19
.98
1.00
1.19
1.997
3.147
2.009
3.148
2.016
3.169
87
1.932
1.51
1.919
1. 937
Products of petroleum and coal.. _
do
Petroleum refining
___ _ _ do__
Rubber products
do
Tires and inner tubes
_
do
Leather and leather products
do
Footwear (except rubber)
do
Nonmanufacturing industries:
Mining:
Metal.
_
. _ do .
Anthracite _
do
Bituminous coal
.__
_
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas prod. _ dollars
Nonmetallic mining and quarrying. _
do
Contract construction __
do
Nonbuilding construction. _
do
Building construction- _
_
do _
Transportation and public utilities:
Local railways and bus linest
_.
do
Telephone
do
Telegraph _
_
_ _ _ _ _ _ ___ _
do_
Gas and electric utilities.
__.
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places)
dollars..
General-merchandise stores
do
Food and liquor stores .
do Automotive and accessories dealers
_do_ Service and miscellaneous:
Hotels, year-round
do
Laundries
do
Cleaning and dveing plants . . _ _
do
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr._
Skilled labor
do
Farm wage rates, without board or room (quarterly)
dol per hr
Railway wages (average, class I)
do
Road-building wages common labor
do
' Revised.
» Preliminary.
$2.087; skilled labor, $3.271.
9 See corresponding note on p. S-ll.
2 1 A.
2 10
2 18
Afi
1 88
1 64
1 64
1 68
on
1 68
1 RQ
1 92
1 65
1 48
1
1 73
1 90
1 65
1 47
1 70
QQ
1
33
A9
91
2 07
2
no
9 37
2
3A
K^
1 53
1 AQ
1. 37
2
2
1.32
1 A3
2.34
1. 39
1.34
2. 04
2. 37
1. 39
1 34
2.07
2. 41
1. 40
1 34
2 11
2 41
2 48
2 10
2 61
2 50
2 11
2 51
2 49
2 10
2 60
2 50
2.25
1.76
2.59
2.33
2.65
2.29
1 77
2 59
2 31
2 65
2.24
1 78
2 59
2 33
2 65
2
1
2
2
2
28
77
57
31
63
2
1
2
2
2
33
79
57
34
63
1.84
1.80
1. 86
2.05
1
1
1
2
85
79
86
06
1 85
1 82
1 86
2 07
1
1
1
2
85
80
86
06
1
1
1
2
86
82
87
07
1 85
1.86
1 86
1 86
1 88
1.46
1 16
1 61
1 69
1.44
1.13
1.60
1.72
1.48
i ig
1 61
1 72
1.48
1 17
1 61
1 74
1 48
1 17
1 61
1 78
.98
1 01
1 19
.99
1.01
1.19
98
1 01
1 19
.98
1 01
1 19
97
1 20
2.019
3.180
2.022
3. 184
2.022
3.186
2.022
3.188
2.019
3.188
75
1.944
1.58
1.942
1.928
88
1.949
1 64
1.977
1
OQ
83
83
85
06
'1.89
r 2 01
r
2.04
pl.89
p 2 02
P2.05
1.6f
1.72
Pl.74
1 61
r 1 87
P 1 63
P 1 85
2 ig
1.72
1 73
1 61
1 86
1 88
2 21
r 2 27
v 2 29
'•2. 29
2.33
1.95
'1.99
pl.99
1.93
2 08
1 86
2 08
v 9 09
r 1 87
P 1 87
r 2 24
P 2 26
r 1 90
r 1 Aft
P 1 91
p
1 65
1 71
P 1 70
p 1 72
r 1 «7
1 59
1 84
r 1 87
1. 39
2. 30
2 34
1.87
1 99
2.04
r 2 15
2 10
1 88
I
1.87
1 99
2.03
2.04
1 41
1 38
1 33
1 3?
1
1
1
1
1.32
1.33
1 66
1.13
1.13
1 45
r 1 65
r 1 44
1 81
1.90
' 2.35
2 67
2 24
r
1 98
2 11
41
37
32
32
1 83
1.93
2.35
2 67
2 °5
2 nn
r 1 4.1
1 37
'1.33
p 1 31
P 1 37
p l . 34
~ ~~
' 2. 35
0
p 2. 35
r>
no
2 13
r 9 3R
r 2 47
no
2 47
2
2 42
9 47
1.34
1.34
2.12
2.52
2.51
2.11
2 50
2.53
'2.34
1.81
2.57
2.34
2.63
2.32
1.83
2 58
2 34
2.64
1 86
1 83
1.88
2 08
1 86
1 80
1 88
2 08
1 8Q
1 90
1 90
1 49
1 17
1 61
1 81
1.50
1 18
1 62
1.84
1.51
1 19
1 63
1 84
97
i m
1 19
'.99
1 02
1.21
.99
1 01
1 20
2.021
3. 190
2.025
3. 190
2.050
3.207
2.059
3.227
1. 925
85
1.946
1.74
1.942
1.941
} Revised series. See note marked "t" at bottom of p. S-13.
r 1 72
r
r
r
T
p 1. 39
2. 073
3.247J
2. 087
3. 264
88 '
1.72
§ Rates as of September 1,1955: Common labor,
SURVEY 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 ll)r>i
1954
July
August
1955
Septem- October Novem- December
ber
ber
Janu-
ary
Febru-
ary
April
March
May
June
July-
August
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. o 1 dol .
Commercial paper ©
do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
mil. of dol
Farm mortgage loans total
do
589
747
563
794
609
803
768
769
873
733
369
703
377
658
2, 305
1,293
1 281
13
364
648
368
662
355
696
12
339
747
687
762
869
713
831
703
767
623
807
681
686
572
655
572
650
593
318
835
2, 605
1 408
1 408
0
319
878
2, 651
1,421
1 421
0
336
894
Land Bank Commissioner
Loans to cooperatives
Other loans and discounts
do
do
do
319
822
325
814
2, 381
1,275
1 261
14
339
767
Bank debits total (345 centers) t
New York City
6 other centers cP
do
--do
do
154,848
61, 155
31, 556
151,504
149,898
152,322
58, 316
31, 526
56, 744
30, 922
58, 792
30, 706
156, 843
58, 787
32, 230
186,317
73,817
38,217
163, 388
62, 642
33, 531
149, 738
57, 091
31. 595
178, 917
67, 242
39, 908
49, 746
25, 183
184
24, 325
21, 220
49, 174
24, 696
200
24, 023
50, 035
25, 401
297
24, 381
50, 863
25, 944
398
24, 888
21,079
21,030
50, 872
25, 885
143
24, 932
21 , 033
49, 626
24,960
475
23, 885
21,038
49, 442
24, 769
485
23, 605
21,032
49, 434
24, 667
391
23, 613
21, 027
49, 913
24, 988
560
23, 612
20, 985
49, 306
24, 780
460
23, 662
20, 988
49, 666
21,117
49, 778
25, 183
132
24, 271
21, 129
49, 746
20, 454
18,702
939
25, 567
46.1
49, 174
19, 805
18, 316
744
25, 566
46.5
49, 778
20, 264
18, 676
952
25, 601
46.4
50, 035
20, 373
18, 722
471
25. 706
45.7
50, 863
20, 457
18, 985
518
26, 081
45.2
50, 872
49, 626
20, 138
18,918
581
25, 640
46.0
49, 442
19, 879
18, 562
471
25, 609
46.2
49, 434
19, 806
18, 283
412
25, 528
46.4
49,913
20, 158
18, 495
334
25, 496
46.0
49, 306
19, 685
18, 221
192
25, 656
46.3
49, 666
19, 268
18, 876
258
26, 253
45.1
54, 949
54, 066
55, 043
55, 472
56, 414
58, 445
57, 639
56, 270
55, 590
56, 969
55, 360
4,033
2,091
19, 808
54, 746
55, 884
3, 756
2, 605
19, 915
57, 256
3, 865
3, 793
20, 122
57, 876
3, 956
60,117
3, 247
19, 887
58,317
4,232
2,320
20, 198
57, 762
3,960
2,633
20, 280
56, 474
4 062
2,534
20 329
18, 337
1, 285
13, 406
42, 492
18, 433
1,257
13, 772
44, 237
18, 520
1,195
13, 791
44, 194
18, 699
1,220
14, 301
46, 088
18, 555
1,183
18, 864
1, 126
13, 651
44, 783
18, 930
1, 145
13, 402
43, 590
18, 990
1,132
13 085
41,932
34, 221
3,045
2, 754
21, 742
6,680
8,271
38, 254
21, 524
2,005
35, 862
3, 135
2, 559
23, 515
6, 653
8, 375
37, 967
20, 798
2, 228
35, 696
2, 868
2, 504
23, 654
6, 670
37, 358
37, 106
2, 378
2, 240
23, 936
8, 552
8, 563
40, 114
22, 214
2, 367
36, 902
2, 543
2, 708
23, 391
8, 200
8, 624
22, 486
2, 688
35, 799
2,065
2, 551
23, 102
8,081
8,984
40, 483
21, 926
2,582
875
6,718
7,787
904
6, 831
7, 866
1,037
7, 083
8, 075
1,113
7,176
8, 205
1,056
7,279
8,346
Federal Reserve banks, condition, end of month:
Assets total
mil. of dol .
Reserve bank credit outstanding, total
-do
Discounts and advances
do
United States Government securities
do
Gold certificate reserves
do
Liabilities total
do
Deposits, total
do
Member-bank reserve balances
do
1
Excess reserves (estimated )
do
Federal Reserve notes in circulation .. _ . do_ .
Reserve ratio
_.
- _ . _ _ . . .
percentFederal 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. of doL.
States and political subdivisions
do
United States Government .
.-do
Time except interbank total
do
Individuals, partnerships, and corporations
mil. of d o l _ _
States and political subdivisions.. _
. do ._
Interbank (demand and time)
do
Investments, total ..
_. _ _ do -.
U. S. Government obligations, direct and guaranteed, total _ _ mil. of dol
Bills
do
Certificates
do
Bonds and guaranteed obligations _ _ ... do
Notes
do
Other securities
do
Loans (adjusted), 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
Other loans
.
do
Money and interest rates: §
Bank rates on business loans:
New York City
dr
3,939
8,498
38, 495
21,015
2,500
2, 369
23, 801
8,688
8,730
38, 844
21. 104
2, 403
2,466
941
fi, 902
991
6, 997
7,893
7,949
3 56
3.29
3 57
3.95
1.50
2.00
4.17
4,223
19, 941
14,113
45, 669
20,371
3, 939
2, 597
20, 169
18,806
1,154
1 4, 273
45, 526
41,008
3. 55
3. 30
3.55
3.90
1.50
1. 90
4.17
2 434
1 347
1 336
34, 599
1,816
1, 633
22, 076
9,074
8,991
40, 751
22, 241
2,374
1,080
7, 359
8 408
32, 885
1 286
1,117
21, 806
8, 676
9 047
41 448
22, 597
2,483
1,113
7 474
8*488
3 54
3 29
3 55
3 87
1 50
1.79
4.17
325
792
1
158,289 i 167, 710 i 177, 908
62, 211
57, 634
67, 634
36, 570
34, 494
37, 569
24,601
128
23, 607
20, 994
1
161,741 i 167, 358
58, 904
34, 123
58, 980
35, 863
50, 488
25, 719
754
24, 091
20, 994
49, 880
24,911
470
23,760
20, 993
49, 880
-73
25, 868
46.5
50, 488
20, 451
18. 999
'688
25, 945
45.3
56,011
56, 156
55, 865
55, 931
57, 921
4,216
3, 105
20, 319
57, 624
4,361
3, 148
20, 363
57, 376
20, 449
56, 984
3, 963
3, 374
20, 333
57, 523
3, 990
3, 256
20, 387
18, 969
1,142
12, 988
42, 960
19,037
1,113
12,974
41,724
19, 173
1,059
13, 058
40, 798
40, 765
39, 716
33, 983
1, 750
1,911
21, 682
8, 640
8,977
41.818
22. 545
2, 660
33, 026
1,081
* 1,149
21,490
' 9, 306
8,698
42, 440
22, 636
2,742
32, 076
1,019
743
31,975
21,313
21,077
9,001
8, 806
30, 948
985
625
20, 965
8, 373
8, 768
44, 696
24, 171
2, 467
1,108
7, 570
8, 652
1,155
7,719
8,910
18,066
4,258
3,224
18, 368
P232
26, 004
46.1
19, 104
1,018
19, 146
1, 032
13,339
12,977
1, 160
932
8,722
8,790
43, 674
23, 501
2,678
44, 1 13
23, 550
2, 775
1, 190
7, 873
9,153
1, 190
7, 993
9, 340
3 56
3 30
3 55
3.95
1.75
2.08
4.17
19,532
1,182
8,120
9,492
11 southern and western cities
do
1.50
1. 50
1.75
1. 50
1. 50
1.50
1.50
1.75
Discount rate (N Y F R Bank)
do
1.75
2.04
1.96
1.79
1.92
2.00
1.79
2. 00
2.42
1.83
Federal intermediate credit bank loans
do
4.17
4.17
4.17
4.17
4.17
4.17
4.17
4.17
4.17
Federal land bank loans
do
Open market rates, New York City:
1.25
l.?5
1. 25
1.25
1.33
1.50
1.25
1.67
1.38
1.43
1.50
1. 50
1.25
Acceptances, prime, bankers' 90 days
do
1.38
1.31
1.45
1.31
1.31
1.47
2.00
1.33
2.00
2.11
1.68
1.90
2. 33
1.31
Commercial paper, prime, 4-6 months
do
1.69
3. 00
3.00
3.00
3.00
3.00
3.00
3.00
3.34
3.00
3.00
3.00
3.01
3.00
Call loans, renewal (N. Y. S. E.)
do
3.00
2.88
2.88
2.88
2.88
2.88
2. 88
2.88
2.88
Time loans, 90 davs (N. Y. S. E.)
do
Yield on U. S. Govt. securities:
1.174
.892
.948
1.257
.710
1.007
1.491
1.432
.987
1. 622
1.177
1.620
1. K76
3-month bills
do
1 335
1.94
1.74
1.69
2.11
1.80
1.90
2.40
2.42
2.54
1.85
2. 73
2.39
2.18
3-5 vear taxable issues
do
2.30
Savings deposits, balance to credit of depositors:
15,475
14, 943
14,993
15,112
15, 252
15, 558
15,150
15, 830
15, 985
15, 764
16,022
16, 073
15, 604
New York State savings banks
. mil. of dol. _
15, 770
r
2,137
2, 1 54
2, 116
2,230
2,209
2,172
2,189
2,095
U. S postal savings
do
2 075 ' 2, 052 v 2, 029 * 2, 008 p 1,984
CONSUMER CREDIT (Short- and Intermediate,
term)
29, 518
28, 725
28, 736
28 856
29, 209
30, 125
29, 948
29, 760
32 896
28, 975
32 471
Total outstanding end of month 9
mil of dol
30 655
31 568
22, 508
21, 849
22,014
22, 467
22, 974
21, 901
21,935
21,952
22, 436
25, 476
24, 914
23, 513
24, 149
Installment credit, total 9
do
10, 641
10, 298
10, 349
10, 296
10, 396
11,053
10, 365
10, 459
13.038
10, 340
12. 561
Automobile paper
do
11,985
11, 482
5,484
5, 328
5, 294
5,398
5, 668
5, 479
5, 287
5, 324
5, 609
5 676
5, 555
5, 492
5,639
Other consumer-goods paper
do
1, 550
1, 631
1, til 6
1,637
1,642
1, 642
1,574
1,530
1, 637
1, 534
1, 562
1 , 546
1, 570
Repair and modernization loans
do
4, 833
4, 586
4, 616
4, 689
4,787
4, 641
4,794
4,912
4, 651
5, 192
5, 063
5, 005
5, 152
Personal loans .
do
By type of holder:
18, 671
18,719
18, 731
18, 753
18, 935
19, 153
18, 726
19, 613
18, 977
20,718
20, 127
21, 432
21,980
Financial institutions, total
do
8,763
8, 586
8. 688
8,731
8, 633
8,844
8,688
8, 637
8,651
9, 6o(>
9, 020
9, 495
9,228
Commercial banks
do
6,189
6.
570
6,
256
6,29}
6,315
6,
421
6,325
6, 808
6, 462
7,077
7, 390
7,747
8, 087
Sales-finance companies
do
1,228
1, 250
1,270
1,293
1.298
I, 267
1,282
1, 330
1.282
1,360
1,434
1 , 395
Credit unions
.. . .. .
do .
1,458
2. 491
2,494
2. 504
2, 526
2. 597
2, 504
2, 588
2, 631
2.582
2, 705
2,670
2, 756
2, 779
Other
do
3,182
3, 355
3,178
3, 170
3, 226
3, 361
3, 295
3, 532
3, 459
3, 386
3, 431
3, 482
3 496
Retail outlets total
do
1,032
1,041
1, 032
1,063
1,108
1,098
1,201
1, 158
1, 123
1, 160
1, 138
1,150
1, 155
Department stores
do
818
821
822
830
846
890
848
862
838
834
851
842
856
Furniture stores.
do
386
394
404
389
390
390
390
420
397
437
481
Automobile dealers
do
457
501
:
942
929
943
995
928
961
1,042
990
Other
do....'
1,047
980
982
984
977
r
Revised.
v Preliminary.
1 Data are for 344 centers.
©Revised to cover 11 dealers.
tRevised series. Bank debits have been revised to include additional centers and to represent debits to demand deposits; data for 1913-53 appear on p. 23 of the September 1954 S U R V E Y .
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
I Revised beginning 1952 to expand coverage of the series by making a net addition of 8 banks. Revisions for January-May 1952 will be shown later.
QNet loans less loans to banks.
§For bond yields see p. S-20.
9 Revisions for 1952 appear on p. 24 of the June 1954 SURVEY. Data beginning 1953 have been revised to incorporate more comprehensive information;
unpublished revisions (for January-September 1953) will be shown later.
SURVEY OF CURRENT BUSINESS
September 195i
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-17
1954
August
July
1955
Septem- October Novem- December
ber
ber
January
February
March
April
June
May
July
August
FINANCE—Continued
CONSUMER CREDIT (Short- and Intermediateterm) — Continued
Total outstanding, end of month — Continued
Non installment credit, total?
-- mil.
Single-payment loans
Charge accounts
Service credit
By type of holder:
Financial institutions
Retail outlets
Service credit
Installment credit extended and repaid: t
Unadjusted:
Extended total
Automobile paper
Other consumer-goods paper
All other
Repaid total
Automobile paper
Other consumer-goods paper _
__
All other
Adjusted:
Extended total
\utomobile paper
Other consumer-goods paper
All other
- Repaid total
Automobile paper
-Other consumer-goods paper
\11 other
FEDERAL GOVERNMENT
of dol
do
do
do
6,876
2. 303
2. 773
1,800
6.835
2,312
2.734
1,789
6,921
2, 335
2,807
1.779
7, 023
2, 377
7, 195
7, 658
7,010
2,407
7,324
6.974
2,420
1,754
3,518
1, 720
2,371
3. 225
1,728
2.427
3, 042
1,746
2.831
1,752
2,481
2. 735
1,758
7, 142
2. 496
2. 859
1.787
7,419
2, 589
3,011
1,819
7,557
2,892
do
do
. do_
2. 303
2,773
1, 800
2,312
2. 734
1,789
2, 335
2,807
1,779
2,377
2,892
2.407
3,042
2,420
1,746
2, 427
2?. 831
1.752
2,481
2. 735
1,758
2. 496
2, 859
1,787
2, 589
3,011
1,819
2,686
1,754
2, 371
3, 225
1,728
do
do
do
do
do
do
do
do
2, 549
1,163
622
764
2.417
1.033
661
723
2,477
1,114
607
756
2. 425
1,063
641
721
2.441
1,062
629
750
2,407
1,046
636
725
2, 454
1, 031
687
736
2, 437
1, 056
650
731
2, 554
1, 040
716
798
3, 046
1.184
936
926
2. 593
1.084
660
843
2.389
3. 159
1, 569
708
882
?, 693
1, 157
713
823
3,089
1, 512
703
874
2, 550
1, 083
690
777
3, 206
1,616
741
849
2, 570
1,113
678
779
3,443
997
675
748
2,416
1,167
529
720
2, 344
985
654
705
1,190
682
806
3.131
1. 594
711
820
2, 569
1.117
074
778
do
do _
do
do
do
do _
do
do
2, 455
1,060
666
729
2.364
1, 006
667
691
2,409
1, 035
613
761
2,480
1, 067
678
735
2,474
1,077
609
788
2,404
1,014
634
756
2,461
1,068
633
760
2,612
1,109
677
826
2. 500
1,098
631
771
2,762
2,823
2,898
1,298
679
785
1. 233
788
802
2, 496
1.020
684
792
1.382
660
856
2,521
1,071
680
770
3, 035
1,472
741
822
2, 562
1, 096
683
783
3, 017
1,404
736
877
2, 552
1,093
672
787
3,091
1,517
736
838
2, 634
1,139
687
808
3,165
1,580
754
831
2,612
1,165
678
769
3, 122
1.510
791
821
2, 602
1. 132
097
773
5,954
5,427
11,089
4,941
3, 732
51
6,119 p 11,193
4,438 p 10, 038
3.089
2,492
1,084
642
760
2,424
1, 039
652
733
3,518
1.720
2,488
1 , 083
643
762
1.060
616
713
2.420
2, 686
3,040
1,831
3, 040
1,831
1, 766
766
911
2,678
- -- mil. of dol _
do
-do __
do
- do
do
3.148
2,827
45
2.059
790
254
4,801
3.911
48
3,806
829
119
5, 280
4,951
48
4,277
838
117
2,887
2,639
47
1, 850
850
140
4, 905
4,201
52
3,791
839
224
47
3, 204
801
165
4, 833
4, 655
48
3, 638
716
430
Expenditures, total
_
Interest on public debt
Veterans' services and benefits
National securitv
All other expenditures
do
do
do
- - do
__ _ ._ do _
4,827
213
336
3, 061
1, 217
6,731
332
334
3, 370
2, 695
5,019
541
321
3,261
897
4,857
3,842
6,288
4,942
346
349
368
373
3,316
-215
1,200
401
3. 739
947
222
379
3,176
1, 166
3,048
270, 984
268, 681
226, 528
42. 152
2. 303
274. 955
272, 693
230, 214
42, 479
2,262
274, 810
272, 440
230, 033
42, 407
2,370
278, 752
276, 400
278. 853
270, 51 1
234. 160
42, 351
278, 750
275. 731
29
58, 207
464
544
Public debt and guaranteed obligations:
Gross debt (direct) , end of month, total
do
Interest bearing total
do
Public issues
do
Special issues
. . . . do.
Non interest bearing
do
Obligations guaranteed by U. S. Governmer.t, end
of month
- _mil. of dol.. .
TT. S. Savings bonds:
Amount outstanding end of month
do
Sales, series E through K
do
Redemptions
- _
-do. _
21
58, 129
508
693
58, 200
546
562
Government corporations and credit agencies:
Assets, except interagenev, total
.. __mil. of doL.
Loans receivable, total (less reserves)
do
To aid agriculture
- - - --do
To aid homeowners
. _ do
Foreign loans. .
- _do.. _
All other
do
Commodities, supplies, and materials _ __ _ _ d o _ .
U. S. Government securities
do
Other securities and investments
do
Land, structurevS, and equipment
.
_ do
All other assets
_ _ _ _ do
Liabilities, except interagenev, total
Bonds, notes, and debentures
Other liabilities
Privately owned interest.
IT. S. Government interest
3,300
863
4,217
3.742
47
9.741
60
56
4,857
9,906
3,976
4,849
P57
p 9, 920
774
276
995
127
795
119
939
276
P972
P243
4,831
396
365
5.894
5,228
478
386
3. 759
1.271
355
383
3, 382
1,108
278, 182
275, 565
233, 517
42, 047
2,617
274, 048
276, 649
273, 924
232. 233
41,691
277 472
274| 804
232, 563
42, 240
2,847
1,022
5, 356 v
443 v i
381
3,346 P
1,187
6, 677
1, 495
p 398
3, 939
P845
2,342
42. 560
3.019
278, 439
275, 696
233, 427
42, 268
2, 743
2, 725
2,668
34
34
34
24
27
33
37
43
58, 242
456
507
58, 299
466
510
58, 358
557
033
58, 450
742
772
58, 605
602
543
58, 701
614
605
58, 639
535
682
58, 641
488
581
58, 643
496
619
234,161
42, 238
2, 352
40, 443
18.603
0. 527
2.818
7.968;
l,507i
3. 709
2, 988
3,433
do
do _
do
do _ _
do
1
i
233,165
271.200
229. 103
42, 097
41.403
41.996
19 348
0, 929
2 907
8. 001
1. 739
3. 852
19.
7,
3
7,
1
2,967
3
3
7
4,
S. 061
3, 049
3 432
S. 046
3 758
3, 458
1.100
2. 358
498
30, 488
5 2« 5
1, 101
4,183
50S
274, 374
271, 741
228, 491
43, 250
43
58, 672
494
589
782
400
013
908
593
187
429
982:
004
L592:
4.013;
543
35, 848
Stocks (book value), domestic and foreign, total
mil. of dol .
Preferred (U. S.)
do
Common (TT. ?.)
do ..
Mortgage loans, total
_ do
Nonfarm
do
Real estate
.. - _
do
Policy loans and premium notes. .
do
Cash
do
Other assets
do
81,921
82, 364
82, 852
83, 358
84, 008
84,912
85, 324
85, 627
86, 061
86, 515
86, 967
45, 691
9,171
1, 754
12, 904
3, 649
15, 552
45,811
45, 992
46, 032
9,024
8,936
46, 900
9, 105
1,905
13, 205
47, 005
9, 058
1, 956
13, 203
16,002
16, 063
1,977
13, 154
3,719
16, 092
46, 764
9, 091
1. 904
13, 191
3,716
16, 293
47, 087
1,871
46. 653
9. 233
1,940
13. 140
46, 690
1, 806
13. 076
3, 696
40. 184
9,021
1,833
13, 065
3, 682
16, 395
3,774
16,519
1,957
13, 236
3,771
16, 594
2.574
1. 660
910
24. 572
22, 575
2,147
3,019
1,120
2.450
2,600
1,670
926
24, 795
22, 786
2,176
3, 036
1,098
2,525
2,611
1, 668
939
25. 035
2, 710
1, 693
1,012
25. 928
23, 882
2, 275
2,756
2,763
1,715
1,036
20. 223
24. 171
2,310
3,127
1,140
2. 703
2,773
2,829
1,707
1.059
26, 727
24. 029
2,791
1,711
1,073
26, 949
24, 824
2,381
3,177
1,027
2,787
1,714
1,044
26, 474
24, 405
1, 690
1,084
27, 217
25, 067
2, 407
3,190
1, 007
1,709
1,112
27, 483
25, 310
2, 420
2,842
2.877
3, 641
15, 661
23.019
2, 205
3,049
1,076
15,813
2,601
1,667
929
25. 260
23. 235
2,241
3. 061
1.094
13,047
3, 697
15, 894
2,641
1, 673
963
25, 574
23. 540
2. 260
3,075
1.141
3,087
1,200
2. 084
3,705
2,344
2,307
3,144
1,111
3, 159
1,029
3,724
2,577
2.603
2,635
2,836
2,798
2.808
i Effective with the fiscal year ended June 30, 1955, changed from a due and payable basis to an accrual basis
Revised.
P Preliminary.
9 See note " 9 " on page S-16.
JFor a description of these new data and for figures prior to January 1953, see the January arid March 1954 issues of the FEDERAL RESERVE BULLETIN'.
§Data are on a budgetary basis.
cf Effective
with the April 1955 SURVEY, data in detail for all companies replace those formerly shown for the 49-company series.
278, 309
275, 71 1
231 , 472
44, 238
2, 598
58, 703
487
543
45. 591
9. 189
1,737
12,868
3, 669
15, 448
13,019
1, 509
42
5 605
9,242
2,803
44
81,473
9, 086
1, 777
5. 382 i
592
35S
2,633
3.012?
35,610
2, 765
54
1.924
877
234
277, 584
274, 955
231, 615
43, 340
2, 029
LIFE INSURANCE
Institute of Life Insurance:^
Assets, total, ail U.S. life insurance companies
mil. of doL
Bonds (book value), domestic and foreign, total
mil. of dol..
U. S. Government
do
State, countv, municipal (IT. S.) _ ..
do
Public utility (U.S.)
do ...
Railroad (U. S.)
do
Industrial and miscellaneous (U. S.)
do
2, 595
2, 991
1, 834
FINANCE
Budget receipts and expenditures: §
Receipts total
Receipts net
Customs
Income and emplovment taxes
Miscellaneous internal revenue
All other receipts
r
7, 420
2, 595
2,991
1.834
9,046
3,207
1, 004
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 1955
1954
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association :
Insurance written (new paid-for insurance) :
3, 153
Value estimated total!
mil. of doL
641
Group and wholesale
do_ .
520
Industrial J
do
1,992
Ordinary total i
- do
123
New England
do
440
Middle Atlantic
do
424
East North Central
- .
do._.
177
West North Central
do
238
South Atlantic
- -__do
84
East South Central
do
185
West South Central
- do
76
Mountain
-do
245
Pacific
do _
Institute of Life Insurance:
Payments to policyholders and beneficiaries, esti386, 791
mated total
thous. of dol
158, 681
Death benefits
do
40, 535
Matured endowments
- __do
9,041
Disability payments
do
39, 763
Annuity payments
- - - do_
66, 530
Surrender values
-do
72, 241
Policy dividends
do
Life Insurance Association of America:^
647, 607
Premium income (39 cos ) total
- -- do. _
90, 063
Accident and health
do
'96 514
Annuities
do
64, 886
Group
do
64, 772
Industrial
_ do_ .
331 372
Ordinary
do
2,943
391
547
2,005
125
432
428
177
242
86
188
76
251
2, 957
487
535
1,935
112
409
418
174
233
85
188
76
240
3,071
400
598
2, 073
126
449
443
175
257
87
187
83
265
10, 270
7,489
563
2,218
146
505
483
181
275
96
191
78
263
4,084
1, 154
491
2,439
150
536
522
215
286
103
233
98
297
380 859
168 048
39, 247
8 648
34, 907
69. 738
60,271
394 119
168, 679
39, 154
8, 662
35, 608
67, 885
74, 131
371,915
151,957
44, 863
8,809
35,818
66, 690
63, 778
399, 965
169, 921
49, 254
8, 947
38, 626
72, 863
60, 354
525, 998
207, 594
54, 241
9, 795
40, 551
71, 445
142. 372
628, 936
87 548
72 355
55 141
78, 386
335 506
659, 684
86 727
79 R38
58 039
76, 298
358 982
620, 866
85 987
71 771
52, 530
66 241
344, 337
693, 603
90,642
83, 558
75, 584
80, 033
363, 786
907, 544
102, 185
175, 582
70, 301
128, 007
431, 469
21.809
— 65.4
1,274
2,978
71, 400
45, 200
J2,900
5, 800
21,810
-34. 6
1, 065
2.128
70, 200
44, 900
13, 100
5 100
21, 759
—34. 6
781
2, 377
71, 300
45, 400
13, 300
5. 600
21,710
-36.7
1,203
2,712
72, 000
45, 500
13, 500
5,600
21,713
1.8
2, 363
3,024
71, 300
45, 500
13, 500
5,800
3,333
620
544
2,169
149
514
466
177
245
91
200
82
247
3,799
462
590
2,747
186
633
579
223
308
114
272
106
325
5, 617
2, 602
540
2, 475
160
571
518
198
293
107
237
95
295
3,612
452
607
2, 553
172
590
533
203
307
109
238
100
301
3,995
711
570
2,714
183
634
561
227
321
111
255
101
320
477, 058 424, 607
182, 1 99 176, 943
58, 328
51,320
10. 588
8, 869
47, 722
38, 307
74, 776
73, 883
102, 845
75, 285
498, 084
201, 474
58, 805
9,216
39, 210
86, 702
102, 677
419 386
180 933
45, 512
9 064
33, 921
73, 970
75, 986
439, 941
187, 324
50, 619
9,171
36, 427
76, 500
79, 900
444 925
183, 192
50, 254
9 236
38, 655
75, 608
87, 980
3,079
386
516
2,177
156
519
462
178
235
87
212
81
248
2,174,366
286, 266
298, 036
i 232, 210
1
251,671
1,106,183
3 561
647
528
2 386
153
540
509
204
286
101
222
91
282
2,062,795
1
294 083
i 237 760
1
201
277
1
218 293
1,111 382
1
1
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock TJ S
mil. of dol
Net release from earmark§
- - do
Exports
_
thous. of doL
Imports
_ - - do
Production reported monthly total
do
Africa
- - do. __
Canada
_
- do
United States
do _
Silver:
Exports
. _ _ . do. ...
Imports
_ _
_ - do
Price at New York
_ .
dol. per fine oz._
Production:
Canada {
thous. of fine oz.
Mexico
.
do
United States
do
Money supply:
Currency in circulation
mil. of dol
Deposits and currency, total __ _
do
Foreign banks deposits net
do
U S Government balances
- - do- _ Deposits (adjusted) and currency, total
do _
Demand deposits, adjusted
do
Time deposits
_
- - _
_ do _ _
Currency outside banks
do
Turnover of demand deposits except interbank and
U. S. Government, annual raterf
New York City
ratio of debits to deposits
6 other centers 9
- do
338 other reporting centers
do
21, 908
-72. 7
852
2,400
71,100
44, 300
13, 300
6,100
21,714
-9.7
788
3,016
70, 400
45, 800
12, 800
5,000
21, 716
Q
689
3,905
67, 900
43, 800
12, 300
4,800
21, 719
-27.7
674
3,388
21, 671
-41.8
182
2, 658
21,674
—1.0
314
4,854
21 678
-.9
694
4,511
47, 200
13, 000
5,400
46, 700
12,900
5,000
47, 600
13, 400
5,300
5,600
4 100
138
5,223
.871
236
3 999
.889
290
7,423
.897
210
6 549
.905
2 251
3 922
3 068
2,214
3,415
3,075
2 447
3,035
r
3 089
227
7,146
.853
460
9, 351
. 853
262
7,727
.853
196
8,366
.853
1,144
9,036
.853
233
5, 795
. 853
640
4,321
.853
290
6,351
. 853
1,695
5,840
.873
2,735
2,283
1,997
2,787
2, 853
2,779
2, 759
3, 236
2,840
2,427
5, 453
3,117
2,793
1,982
3, 366
2,347
3,029
3, 169
2,161
4,908
3, 416
1,938
6,726
2,753
2,370
4, 660
3,560
29, 892
209, 100
3,400
5,200
29, 929
210, 500
3,400
6,900
29, 985
211, 800
3,300
6,000
30, 074
215, 400
3, 200
7,500
30, 500
217, 200
3,200
8,200
30, 509
29, 789
29,817
29, 800
30, 009
30
29 769
218, 882 p 217, 500 p 216, 000 p 214, 500 P216 90r p 21 6, 700 p 217,
3,329 p 3, 200 P 3, 100 p 3, 200
p 3 100 v 3 200 p 3
5.869 *> 5, 000 v 6, 000 P 6, 100 PQ 400 TP 6, 700 p 6,
200, 400
100, 000
73, 700
26, 800
200,300
99, 400
74, 000
26, 900
202, 500
101, 200
74, 400
26, 900
204, 700
103, 100
74, 800
26, 900
205, 800
104, 000
74, 300
27, 500
209, 684
106, 550
75, 282
27, 852
41.6
24.9
18.8
40.0
24.8
18.5
40.4
25.3
19.4
39.3
23.6
18 6
42.2
26.3
20.7
48.1
28.1
21.0
r
229
100
300
400
21, 682 P 21,682
— 1
859
2 476
.908
596
r 30 244 p 30 319
p 209, 200 p 206, 900 p 205, 300 P 207 400 p 206, 700 p 207, 400
P 107, 000 p 104, 500 p 102. 400 p 104 500 p 103,400 p 103 400
p 75, 400 p 75, 700 p 76, 200 p 76 200 p 76, 500 p 77, 000
P 26, 800 P 26, 800 P 26, 700 P 26 700 P 26 800 p 27 100
42.0
25.4
19.6
41.9
26.4
19.6
41.7
30.2
20 0
2
37 3
27 1
19 2
2
42.7
P 28 4
p 20 6
44.7
p 28 4
2 P 20 8
2
40 8
P 26 7
p 20 5
2
38.2
p 25 8
p 19 9
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):*
Net profit after taxes all industries
mil. of dol
Food and kindred products
- -__do
Textile-mill products
_ do
Lumber and wood products (except furniture)
mil. of doLPaper 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 transport, equip.)-- 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 _.
2,658
252
29
3, 057
223
37
3,335
201
87
43
116
287
505
147
106
146
57
127
327
662
116
134
230
64
130
364
575
111
159
262
113
196
146
81
175
203
111
224
167
97
191
286
105
275
305
102
501
278
Dividends paid (cash) , all industries
do
2,002
1, 338
1,422
Electric utilities, net profit after taxes (Fed. Res.)
264
mil. of dol- ,
288
341
P296
Railways and telephone cos. (see pp. S-23 andS-24).
r
l
2
Revised.
» Preliminary.
Quarterly total.
Data for 337 centers.
^Revisions to be shown later are as follows: Insurance written—total and ordinary, annual totals for 1947-50 and monthly data for 1951-February 1953; industrial insurance monthly
data for 1953-February 1954; premium income for 1951 and 1952; silver production for 1953.
§Or increase in earmarked gold (—).
tRevised series, reflecting change in number of reporting banks and centers. Data for 1943-53 for New York City appear on p. 23 of the September 1954 SURVEY; those for other centers will
be shown later.
9 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
*New series. Compiled jointly by the Federal Trade and Securities and Exchange Commissions. Data are estimated totals based on reports 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 for 1951-53 appear on p. 27 of the December 1954 issue of the SURVEY.
SURVEY OF CURRENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-19
1955
1954
July
DecemOctober NovemAugust September
ber
ber
Janu-
Febru-
ary
ary
March
April
May
June
July
August
FINANCE—Continued
SECURITIES ISSUED
Commercial and Financial Chronicle:
Securities issued, by type of security, total (new
New capital total
Domestic total
do
do
do
do
1,632
1,053
1,046
731
32
282
7
579
579
396
181
2
do
2,167
1,279
2,125
6,544
1,350
2,552
2,706
1,431
2,583
1,654
4,399
••1,947
2,410
do
do
do
do
1,999
1, 085
92
76
1,207
352
27
45
2,003
886
62
60
6,227
813
265
52
1, 250
321
64
37
2,387
854
103
62
2,518
484
135
53
1,294
364
113
25
2,033
871
512
37
1,453
475
146
54
4, 095
694
209
95
»• 1 , 684
533
206
57
2, 265
540
92
52
do
do
(Jo
do
do
do
1, 253
530
72
325
43
2
202
915
508
280
424
118
14
161
13
27
14
855
546
300
1,008
151
43
251
130
332
47
1,117
464
652
1, 130
281
36
275
45
100
277
5,414
4,611
615
422
110
60
62
51
75
28
929
466
459
1,019
189
75
463
62
44
110
1,534
557
906
672
190
20
242
64
7
98
2,034
742
541
501
86
13
111
1
45
149
930
602
328
1,420
644
49
226
25
27
386
1,163
614
540
675
172
31
218
93
19
116
979
535
429
998
435
15
249
13
25
185
3,401
3,020
350
796
180
82
280
18
71
82
••1,151
496
651
685
353
28
84
4
44
125
1, 725
1,265
456
1,237
1,112
413
1,004
660
492
1,396
659
977
778
672
465
325
140
114
81
362
177
185
56
74
1,190
759
431
135
71
444
260
185
165
50
791
567
224
74
112
635
440
194
81
62
466
217
249
142
64
186
105
23
19
17
84
53
16
12
10
1
108
100
8
1
1
0
44
26
18
148
126
2
632
515
85
47
45
167
126
26
28
25
424
332
48
13
12
174
136
10
78
73
2
275
242
15
18
18
0
70
31
39
80
73
2
349
168
137
25
20
3
82
82
0
4
4
0
43
43
do
do
Federal agencies
do
Foreign
do
Domestic total
Corporate
Federal agencies
Municipal State etc
Securities and Exchange Commission :J
Estimated gross proceeds total
By typ? of security:
Bonds and notes total
Corporate
Common stock
Preferred stock
By type of issuer:
Corporate total
Manufacturing
Mining
Public utility
Railroad
Communication
Noncorporate, total
IT S Government
State and municipal
New corporate security issues:
do
do
do
Proposed uses of proceeds:
New monev total
Plant and equipment
AVorkin'* capital
Retirement of securities
Other purposes
Proposed uses by major groups:
Manufacturing, total
New money
Retirement of securities
Mining total
New money
Public utility total
New money
Retirement of securities
Railroad total
New money
783
605
546
267
0
279
59
178
178
76
85
17
1,706
1,311
1,311
611
64
636
0
395
395
285
96
14
1,825
1,424
1,405
795
13
597
18
401
401
179
216
1, 051
687
667
223
0
444
20
364
364
267
91
6
2 043
1,569
1,522
654
0
868
47
475
450
368
63
19
1,446
1,114
1,015
431
52
533
98
332
332
134
192
6
864
729
726
382
32
313
3
135
135
45
80
11
417
994
do
do
do
do
do
828
643
185
329
81
304
195
109
82
31
705
591
114
247
42
856
478
379
109
146
244
145
99
123
46
515
367
147
400
89
do
do
do
do
do
525
502
5
71
13
22
321
177
132
43
18
25
2
2
0
199
61
128
116
94
10
13
12
0
158
102
55
13
10
0
27
25
1
14
11
2
149
82
40
41
39
247
161
74
129
6
123
329
326
3
47
40
7
278
267
5
32
21
9
272
193
60
45
20
25
98
98
0
274
212
4
108
89
3
57
40
0
61
45
15
51
187
87
64
71
52
2
459
151
305
61
43
18
44
41
j
108
72
8
280, 426
339, 707
300, 344
257, 554
651, 593
351, 010
615, 479
260, 413
458, 795
133, 922
906, 056
327, 572
541, 449
191,319
254
496
200
363
147
311
129
236
239
237
211
312
1,926
877
1,169
1,998
910
1,194
2, 081
924
1,291
2,131
924
1,364
2,242
972
1,416
348
2, 443
1,023
1,616
do
do
do
do
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
(2)
(2)
50
74
20
54
27
17
(2)
(2)
(2)
(2)
224
196
27
25
25
0
27
20
6
381
333
13
214
176
36
92
4
87
18
12
6
114
87
6
327, 527
262, 627
539, 767
209, 769
429, 030
200, 591
182
257
161
292
213
360
161
302
159
403
157
403
2, 558
1,069
1,696
2,653
1,063
1,779
2,701
1,022
1,939
2 752
973
2,062
2,731
928
2,119
340
2,757
917
' 2, 093
2,780
918
2,080
98.41
98.76
78.05
98.62
98.97
78.55
98 27
98.59
79.06
98.36
98.67
80.36
97.91
98.19
80.28
96.98
97.24
80.92
115.7
124.9
96.97
115.4
124.4
97.08
115.2
124.9
96.31
114.7
125.1
96.53
114.5
123. 9
96.37
114.3
121.4
94.96
86, 843
90, 703
93, 992
100, 868
80 463
89, 342
82, 141
90, 512
108, 696
111,629
93, 547
96, 276
84, 516
88, 119
92, 031
97, 287
78, 899
87. 152
80, 249
86, 856
106, 849
108, 668
91,216
90,405
239
193
41
63
27
36
7
(2)
2
97
91
247
226
17
13
13
0
24
24
(2)
181
120
5
(2)
(2)
124
114
349, 648 ' 650, 780 470, 161
149, 768 -•218,322 301, 267
239, 675
329, 996
COMMODITY MARKETS
Volume of trading in grain futures:
Corn
Wheat
mil of bu
do
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
mil of dol
do
do
do
2,064
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
100. 62
100. 53
100. 07
100. 13
100. 39
100. 91
99.05
total §
dollars
100. 90
101. 00
100. 47
100. 43
100. 74
99. 39
101. 31
Domestic
do
78.74
79. 85
78.92
78.96
78.67
79.71
79.06
Foreign
_
do
Standard and Poor':, Corporation:
Industrial, utility, and railroad (A1+ issues):
117.6
117.4
117.8
117.5
117.5
117.0
116.7
Composite (17 bonds) _ dol. per $100 bond
128.4
127.2
127.4
125.4
126. 6
126.9
126. 9
Domestic municipal (15 bonds)
do
99.92
100. 28
99 27
97.88
100. 36
99. 69
98.97
U. S. Treasury bonds, taxable
do
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
92, 201 85, 991
64, 498
70, 651
98, 178 150, 401 115,121
Market value
thous of dol
102, 829
90, 886
99, 831 155, 797 129, 547
68, 903
77, 015
Face value
do
New York Stock Exchange:
62, 600
68, 690
96, 042 147, 784 111,885
90, 201 84, 448
Market value
do
66, 632
74, 512
96, 368 152, 634 126, 209
100, 365 88, 658
Face value
do
r
l
Revised.
Includes International Bank securities not shown separately.
- Less than $500,000.
JRevisions for 1952-February 1953 and January-March 1954 will be shown later.
§Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are also included
in computing average price of all listed bonds.
113.3
120.5
94.51
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 1055
1954
July
DeeemOctober November
ber
August
Janu-
Febru-
ary
ary
May
March
June
July
August
FINANCE— Continued
SECURITY MARKETS— Continued
Bonds— Continued
Sales — Continued
New York Stock Exchange, exclusive of stopped
sales, face value, total§
tbous. of dol
IT S Government
do
Other than IT. S. Government, total §
do
"Domestic
do
Foreign
do
Value, issues listed on N. Y. S. E.:
Market value total all issues^
mil. of dol
Domestic
do
Foreign
_
-do
Face value total all issues §
do
Domestic
do
Foreign
__
do.
Yields:
Domestic corporate (Moody 's)
... percent
By ratings:
Aaa
do
Aa
.
do .
A
do
Baa
_ _ . -_
do
By groups:
Industrial
_.
_
do
Public utility
_
do...
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard and Poor's Corp. (15 bonds)
...do
U. S. Treasury bonds, taxable
do
Stocks
Cash dividend payments publicly reported :f
Total dividend payments
mil of dol
Finance
do
Manufacturing
do
Mining
do
Public utilities:
Communications
do
Flectric and gas
do
Railroad
do
Trade
do
Miscellaneous
do
Dividend rates, prices, yields, and earnings, common
stocks (Moodv's):
Dividends per share, annual rate (200 stocks) dollars. Industrial (125 stocks) _
._. do
Public utilitv (24 stocks)
do
Railroad ( 2 5 stocks)
_ _ _ . _ .
do
Bank (15 stocks)
do
Insurance (10 stocks)
do
...
.
76, 251
83, 861
74. 966
8, 781
76. 246
68, 307
7, 878
105, 727
103,608
1, 445
104. 770
102. 268
1,837
81.373
0
81.373
73, 806
7, 547
80, 570
0
80. 570
74, 930
5. 592
76, 572
0
76, 572
64, 444
12,041
99, 554
0
99, 554
89, 672
9,846
79, 184
0
79,184
71,587
7, 535
1,778
105, 476
103. 351
1,456
106, 491
103. 985
1,841
104. 518
102, 427
1,433
106, 204
103. 713
1.836
104, 349
102,266
1.428
105, 806
103.334
1,818
1 04, 344
102. 238
1.449
106, 184
103, 696
1,833
104,459
102,314
1,487
106,200
103,694
1 , 851
104, 282
102, 181
1,443
106, 513
104, 061
1,797
104, 002
101,892
1, 454
107, 237
104, 785
1,797
3.13
3. 15
3.18
3.20
3.21
3.23
3.23
3.24
3.29
2 90
3.04
3.14
3.45
2 93
3.06
3.15
3.45
2.99
3.10
3.17
3.47
3.02
3. 13
3.18
3.48
3.01
3.13
3.19
3.49
3.04
3.15
3.21
3.50
3.05
3.14
3.22
3.51
3.06
3.14
3.24
3. 52
3.11
3.20
3.28
3. 56
3. 07
3. 10
3. 23
3.08
3.12
3.25
3.12
3. 15
3.28
3.14
3.17
3.31
3.14
3.17
3. 30
3.17
3.19
3.32
3.18
3.21
3.31
3.18
3.22
3.32
3.25
3. 26
3.36
2.33
2.29
2. 55
2 36
2. 33
2. 57
2.43
2. 39
2.65
2.45
2.42
2.72
2.42
2.45
2.71
2.40
2.43
2.77
2.39
2.41
2.75
2.48
2.48
2.76
2.56
2.62
2.87
2. 63
2. 07
2. 91
260. 6
72.3
104.8
1.6
1. 978. 4
239. 2
87.8
613.6
108.0
211.5
11.4
138.2
721.1
142.0
233. 7
4.7
259. 5
70.8
85. 5
2.2
1,340.4
91.0
869. 2
100. 1
669 0
118.8
235. 2
7.1
251.3
62.0
104.8
3.3
1,390.3
93.6
909.6
104.0
669. 2
142. 3
221 8
7.3
39.1
108.6
51.1
38.9
25.0
113.3
88.8
20.5
52.7
7.4
1.3
62.2
4.4
8.4
5.6
42. 5
118.0
88. 9
47.6
42 2
121.8
81.1
32.9
93. 5
11.4
1.3
67. 9
10.2
17.0
4.6
39.3
111.0
64. 5
38.7
26.6
126 4
85. 1
23. 9
57 0
15. 5
1.4
61.9
4.5
8.3
5.1
40.4
112.9
62.5
38.6
28.7
127. 5
86. 9
18.0
57.5
7.9
4.23
4. 46
2.13
3. 15
3.08
3.37
4.42
4.72
2.13
3.17
3. 09
3. 37
4.43
4.73
2. 14
3.14
3. 15
3. 37
4.48
4.79
2.14
3.19
3.15
3. 39
4.56
4.90
2.14
3.23
3.15
3.39
4. 59
4.92
2.18
3.23
3.14
3.49
4.60
4.93
2. 18
3.36
3.15
3. 49
4.62
4.95
2.21
3.36
3.15
3.49
4. 63
4.95
2. 23
3.40
3.15
3.49
4.66
5.00
2.23
3.42
3.15
3.49
4.79
5.18
2 23
3. 42
3.15
3.49
92.64
100.60
105. 40
106. 21
67. 945
5
67. 940
57, 516
97, 202
0
97. 202
88 096
8,965
10,362
9,009
109,495
107. 382
1.440
108.816
106. 322
1 829
109.350
107.232
109.395
107,269
109,139
107.012
106.517
104.442
1.448
1.453
108. 965
1.454
106, 280
1,833
106.477
109.003
106,516
1,403
1,823
106.438
103,995
1,822
3.15
3.14
3.13
3.13
3.13
2.89
3.04
3.17
3. 50
2 87
3.03
3.15
3.49
2.89
3.04
3.13
3.47
2.87
3.04
3.14
3.46
2.89
3.04
3.13
3. 45
3.10
3.13
3.23
3.07
3.12
3.21
3.07
3. 13
3.22
3.06
3.11
3. 23
3 06
3. 10
3. 22
2.26
2.31
2.47
2.26
2.23
2.48
2. 35
2.29
2.51
2.33
2.32
2.52
543. 6
125. 4
143. 7
333. 2
61.6
171.7
4. f
1, 266. 2
92.8
116.7
81.8
13.0
48.4
1.7
63.3
7.0
7.4
7.6
5
9.5
13.4
108.778
822.9
4.22
4.43
2.13
3. If
3.37
4.22
4.43
2.13
3.15
3.07
3.37
do
do
do..__
do
91.97
98. 49
46. 67
52.98
88.91
95. Or
45. 44
50. 01
94. 65
102. 88
45. 90
51.47
100. 66
44. 18
52. 29
110. 13
46. 33
58. 38
percent
do
do
do....
do
do
4.61
4.54
4. 56
5.95
4.35
2.73
4.75
4. 66
4.69
6. 30
4.32
2.7?
4.46
4.31
4.64
6.12
4.39
2.77
4.57
4.43
4.82
6.02
4.50
3.00
4. 39
4.29
4. 6(
5. 43
4. 26
2.74
3. or
Earnings per share (at annual rate), quarterly:
Public utilitv (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp.)
percent..
Prices:
Dow-Jones & Co., Inc. (65 stocks)
dol. per share. _
Industrial (30 stocks)
__
do
Public utilitv (15 stocks)
do
Railroad (20 stocks)
...
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad:d"
Combined index (480 stocks)
1935-39=100
Industrial, total (420 stocks)
do
Capital goods (128 stocks)
_ do
Consumers' goods (195 stocks)
do.__
Public utility (40 stocks)
do
Railroad (20 stocks)
do
Banks. N. Y. C. (12stocks)
do....
Fire insurance (16 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
-.
mil of dol
Shares sold
thousands, .
On New York Stock Exchange:
Market value
mil of dol
Shares sold
thousands
Exclusive of odd lot and stopped sales (N. Y.
Times)
_ _ _ _ _ _ _ - - thousands
Shares listed, New York Stock Exchange:
Market value all listed shares
mil of dol
Number of shares listed
millions..
r
93. 654
7, 356
79, 992
4
79. 988
73. 110
6. 819
59. 575
1
59. 574
50, 574
10
4.24
4.47
2.13
3.15
3.01
3.37
Price per share end of month (200 stocks).
Industrial (125 stocks)
_
Public utility (24 stocks)...
Railroad (25 stocks)
Yield (200 stocks)
Industrial (125 stocks)
Public utilitv (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks)
83. 871
126, 487
0
126.487
118,359
S. 051
1.261.8
101. 100
4
101.096
115.64
116.83
47. 56
64, 27
46. 94
64. 35
108. 30
118. 49
48. 59
67.42
108. 90
117.61
47.97
67. 42
111. 68
122.40
49.12
72 21
111.49
122. 15
48. 54
71.63
119.66
133. 41
49.21
72.96
123. 15
137. 85
51.39
71.63
1 22. 44
1 37. 59
51 . 43
7 LOG
4.20
4. 09
4. 50
4.89
4.09
2. 52
4.22
4. 10
4. 56
4.96
4. 14
2.58
4.21
4.14
4.40
4.79
4.06
2.51
4.21
4.18
4.54
4.79
3.89
2.58
4. 12
4 03
4. 44
4. 65
3.94
2. 50
4.14
4. 05
4.55
4.69
4.06
2.49
3.87
3.71
4.53
4.66
4.01
2.40
3.78
3.63
4.34
4.77
3.95
2. 45
3.91
3. 76
4.34
4.81
3. 93
2. 56
10.90
3 08
8. 86
9 70
3 03
7 00
9 43
2 94
9.97
7 63
2 88
6.42
r
r
4.04
4.01
3.98
3.93
3.92
3.93
?>. 98
4.00
4.01
3.98
3.99
3.98
3.96
4.01
1 27. 66
341. 27
59. 43
116.65
129.7f
130.40
147.98
352. 71
61.04
116.03
393. 84
61 . 43
139. 64
398. 43
118.29
137. 84
375. 50
60. 12
126. 95
145.81
346. OP
61.01
131. 54
358. 30
151. 70
410. 25
63.29
145. 64
152.75
408. 91
63. 87
149.06
158. 35
422. 99
64. 56
157. 51
157. 89
421. 55
64. 06
157. 75
162. 77
440. 79
64. 23
161.16
166.90
462. 16
65. 51
158. 98
164. 94
461.64
65. 87
155.19
231.1
254. 5
255. 9
202.4
139. 5
184. 1
131.3
283.3
236. 4
260. f
257.
207.
142.
187.
135.
293.
238. 5
264. 4
257. 3
209. 4
140. 7
182.0
135.4
284.1
27 1 A
262. 5
214.8
139. 4
186.7
135.9
264. 5
296. 7
296. 8
268. 8
301.9
302. 7
274.8
252. 2
282. 0
278. 5
221.2
141.4
196.7
138. 0
278. 5
278.1
312.4
316. 2
235. 0
149.6
231.9
153.9
311.1
277. 5
310.8
315.3
233. 8
150.4
237. 9
157. 3
312.4
2SG. 2
321.5
330. 2
241.0
151.8
252. 1
164.2
322. 5
285. 0
319. 7
331. 9
239.8
1 52. 3
250. 9
156.7
327.0
300. 7
340. 5
356. 2
250. 6
153. 4
258.9
157.2
331. 4
315. 3
359. 6
369. 1
270.0
156.4
256. 1
158. 4
334. 5
311.0
354. 2
361.6
269. 1
1,55.9
250. 0
160.4
320. 5
2 75
101,956
2, 987
3,714
135, 762
142,277
3, 547
131,480
3, 795
135,042
3. 155
105, 677
2, 675
98,219
3, 247
116, 222
3. 1%
93, 705
3. 438
96, 769
3, 067
90, 745
3.277
91.252
2,734
71,171
2,316
68, 645
2,784
79, 175
59.43
118.41
243.5
62.39
142.45
228.7
232.2
144.0
217.5
147.6
295. 9
145.
222.
150.
302.
1
4
5
3
2,453
89, 573
97,29
2,178
81, 723
2,371
88, 329
2,144
67, 359
2, 410
70, 904
1,852
53, 201
2, 031
01 , 725
51. 854
56, 928
41,232
44. 169
63, 930
76, 456
74. 646
60,815
66. 865
53, 788
45, 427
58, 148
48, 459
145,843
3, 063
142,284
150, 659
148, 16.3
169.149
171.155
3, 071
3,093
160, 986
3,107
3,174
3, 208
175, 588
3, 236
175.806
3, 262
181. 386
3,284
182,830
3,341
194, 406
3,434
198, 228
3,475
3,094
2, 577
71,843
3. 990
3, 081
95, 984 --2, 654
68, 416
-
41,806
Revised.
* Preliminary.
§ Sales and value figures include bonds of the International Bank for Reconstruction and Development n °l shown separately; these bonds are included also in computing average price of
all listed bonds shown on p. S-19.
fRevisions for 1953-May 1954 will be shown later.
cTNumber of stocks represents number currently used; the change in the number does not affect the continuity of series.
SURVEY OF CURRENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-21
1954
1955
DecemOctober NovemAugust September
ber
ber
July
January
February
March
April
June
May
July
August
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)t
Export^ of goods and services total
mil of dol
IVTilitarv transfers under grants net
do
Merchandise, adjusted, excluding military transactions
roil
of dol
fHh
* « ? r l m ' l ' t
-t •
f'
<•
Import^ of "'oods and services total
Merchandise adjusted of
TVTTf-if r . fvnoTiditn
p<?
^j
...
,
,
\
do
do
_. . " _ . _
)t
. . __ .rl O-- -
- - - - - -
.
Government
pi
n
- -
do
?
v
/>
t
o r e g n ong an
c\ ~~
ri
s or
erm cap a
ne
o_...
Errors and omissions
do
4,854
706
5 583
607
2,907
501
740
3, 501
720
755
4, 008
2, 457
96
637
818
3,894
2, 575
114
651
554
r
r
r
5. 183
M99
(i)
(i)
3.r 443
534
r
707
3 515
4, 092
2.r 762
113
r
648
T
569
4 428
2 807
552
762
123
752
741
+846
+1, 689
r +1,091
0)
— 1,222
-104
-1,118
—1,216
125
-1,091
T
—1 224
' 112
r
-I. 112
0)
—109
(1)
-302
-305
+*
—640
-632
—8
+439
+324
+164
+70
+75
-227
r —74
T
r
r
—71
481
351
130
+156
+546
+30
_l_'34
+21
+142
FOREIGN TRADE
Indexes
Exports of U. S. merchandise: t
Quantity
Value
Unit value
Imports for consumption: t
Quantity
Value
Unit value
Agricultural products, quantity:
Exports, U. S. merchandise, total:
Unadjusted
Adjusted
Total, excluding cotton:
Unadjusted
Adjusted
Imports for consumption:
Unadjusted
Adjusted
261
526
201
236
470
199
227
452
199
258
514
199
252
506
201
263
534
202
234
474
202
249
500
201
269
545
202
253
513
203
262
533
203
264
536
203
139
400
288
140
403
287
133
379
284
131
371
283
143
405
283
158
454
286
149
420
282
145
411
283
173
490
283
150
425
283
167
467
279
"459
75
110
64
80
70
60
102
74
103
81
110
91
92
89
96
112
108
123
75
93
72
91
95
127
do
do
115
145
97
101
109
94
150
116
147
127
146
132
133
132
143
171
160
183
113
133
108
126
145
175
do
do
81
89
78
85
80
85
78
77
81
84
91
88
99
97
91
90
111
99
99
93
109
111
97
104
6,386
9,154
6,339
9,133
5,986
8,971
7,464
9,000
6,655
9,273
6,148
9, 529
5,281
9, 343
5,989
8,924
6,148
10, 293
' 1. 290. 9 1, 155. 1
1936-38—100
do
do
do
do
do
1924-29-100
do
_
164
280
**
Shipping Weight
Water-borne trade:
Exports incl reexports §
General imports
thous of long tons
do
Value?
Exports, including reexports, totall
mil
By geographic regions: A
Africa
.
thous
Asia and Oceania
Europe
Northern North America ...
Southern North America
South America. _ _ .
..
Total exports by leading countries: A
Africa:
Egvpt - - - - - - - Union of South Africa
Asia and Oceania:
Australia, including New Guinea
.
British Malaya
China, including Manchuria
India and Pakistan _, __
Japan
_ _
Indonesia
__ _ .
Republic of the Philippines
Europe:
France
Germany
__ _. _.
_
Italv
_
Union of Soviet Socialist Republics
United Kingdom- .
.
......
North and South America:
Canada
.
Latin American Republics, total
Argentina.
Brazil
Chile
1,111.4
1, 263. 5
1, 245. 3
1,311.8
1,167.9
1, 230. 5 1, 341. 1
1, 262. 1
1, 307. 4
r 1,315. 8
46, 763
176, 915
250, 208
220, 000
119, 583
162, 506
49, 525
141,806
228, 086
215, 427
118,891
155,118
49,685
147, 141
229, 769
213, 671
122,011
146, 348
49, 246
158,908
351, 243
233, 026
139, 932
161,733
45, 632
173, 164
352, 816
242, 034
139, 929
155, 606
51, 066
196, 976
378, 465
222, 382
145, 685
162, 397
47,990
185, 281
335, 742
205, 970
132, 823
127,460
45, 231
196,728
372, 554
221, 896
125,337
123, 886
52, 941
232, 186
360, 253
264, 840
147, 725
135, 956
56,156
194, 465
313, 436
277, 165
142, 478
137, 823
55, 970
197, 718
307, 628
293, 159
134, 745
126, 298
52, 460
176, 425
349, 601
286, 065
138, 089
125, 792
do
do
2,753
17, 093
2,976
17, 201
2,837
18, 878
3,073
18, 808
3, 967
18, 943
4,101
16, 564
3,618
25, 200
4,471
22, 172
7, 566
24, 768
7,808
23, 660
7, 504
25, 401
10, 630
23, 934
do
do
do
do
do
do
do-
17, 574
3,292
0
17, 132
43, 982
5,189
22, 876
17, 886
2,447
0
12, 950
32, 024
3, 032
23, 425
14, 734
2,412
0
12, 782
32, 147
4,396
29, 897
18, 838
3,579
2
12, 547
40, 987
4,657
31, 348
21, 599
2,276
0
16, 945
44, 043
4,067
26, 559
18, 260
3, 154
0
21, 800
53, 882
5,342
32, 531
15,450
2, 755
0
16, 742
58, 034
4, 619
27, 427
26, 589
3,190
0
19, 798
51, 531
5, 621
29, 493
18, 293
3, 575
13,560
13,475
2,981 ' 2,389
0
0
11, 221
2,739
26, 868
52, 453
8,044
35, 723
16, 829
51, 239
5,919
34, 870
20, 905
50, 773
4,532
28, 409
16, 900
44, 847
5,714
23, 340
22, 586
33, 220
21, 581
86
50, 501
21, 456
32, 069
16, 324
78
54, 610
22, 830
31,171
17, 459
1
61, 871
32, 471
48, 902
28, 179
4
101,657
35, 321
59, 258
33, 316
0
70, 210
34, 708
51, 236
37, 513
18
77, 661
28, 109
42, 671
25, 985
112
74, 170
27, 339
50, 206
32, 517
1
79, 411
32, 993
42 484
28, 392
27, 991
48 509
32, 692
31, 289
55, 254
31, 854
33
3
26, 483
52 874
29, 471
78, 523
64, 872
58, 129
do
219, 981
215, 407
213, 657
233, 012
242, 029
222, 370
205, 968
221, 882
264, 835
277, 160
293, 157
285 95 ll
do
do
do
do
268, 018
10, 291
48, 601
4,602
264, 445' 256, 221
14, 256
9,342
48, 896: 42, 062
4,364
5,947
287, 158
12, 348
36. 552
6,801
281, 118
15,802
34, 956
7,905
292, 543
12,815
31, 535
9,909
246, 802
12 968
21,343
5 388
235, 748
12, 526
18,584
8 212
267, 225
10 2781
20 225
9 897;
265,
10
18
6
247, 321
10 900
18, 161
6 656
251,
13
17
6
of dol
of dol
do
do
do
do
do
do
do
do
do
do
0
15
465
489
704
351
v 1, 266. 7
1
60, 931
689
366
393
413
30, 732
26, 138
Colombia
do
32, 598' 35, 270
28, 039
32, 386
27 049
26 256
23 802
28 830
32 61 0; 25 905
32, 798
35, 779
Cuba
do
35,353 ! 39, 958
38,377
38 982
41 38T
35 469 !^ 36 102
37 837)
40 328
34*990
43, 751
48, 276
48, 548
47, 315
Mexico
do
52, 256
54 092
50'411
49 457
53 885 :
58 990
56 220 !
57 836
Venezuela
do
46, 966' 43, 004 37, 237
47, 131 46, 331
48. 694
45, 351 i
42! 900!
41,8821 40, 723
44,115:
47! 004
r
l
Revised.
» Preliminary.
Xot available.
JRe visions prior to June 1954 for balance of payments and prior to February 1954 for foreign trade will be shown later.
cfExcludes military expenditures.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo
ITotal exports and data by economic classes and commodities include shipments under the Mutual Security Program. Total MSP military shipments are as follows (mil. dol ) • Inly
19o4-.Tuly 1955 respectively-267.6; 200.4; 152.8; 103.7; 85.1; 97.6; 85.3; 94.7; 92.2; 93.9; 131.1; 128.0:127.8.
AExcludes shipments under MSP and "special category" shipments not made under this program.
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 1955
1954
July
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June
July
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value t— Continued
Exports of U. S. merchandise, totalf
mil. of doL_
By economic classes:
Crude materials
thous. of dol
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures?
_ _ _ do
Finished manufactures 9
do
By principal commodities:
Agricultural products total
do
Cotton, unmanufactured
__ _ do
Fruits, vegetables, and preparations
do
Grains and preparations
do _
Packing-house products
do
Tobacco and manufactures
do
1, 281. 3
1,145.8
1, 100. 8
1,251.8
1,233.8
1,300.5
1,154.8
1,219.2
1, 328. 3
1, 249. 2 1, 298. 4
123, 005
65, 493
55, 430
154, 748
882, 628
122, 112
55, 637
53, 281
151, 742
762, 983
126, 763
46, 362
59, 721
141,344
726, 646
224, 601
64, 289
68, 071
163, 646
731, 209
217,117
66, 968
74, 759
156,999
717, 988
205, 172
83, 506
65, 893
171, 260
774, 653
154, 147
76, 151
58, 047
171, 268
695, 160
147, 396
83, 133
64, 069
182, 326
742, 247
152, 284
96, 344
69, 368
188, 490
821, 849
136, 249
57, 198
61,703
191,186
802, 899
139, 720
63, 056
59. 948
190, 952
844, 737
156, 519
86, 777
70, 530
185, 248
807, 209
213, 215
43, 290
23, 505
62, 149
21, 245
23, 040
190, 438
35, 403
19, 756
58, 200
18. 435
22, 216
193, 805
38, 164
20, 448
49, 063
16, 781
37, 827
311,857
67, 842
25, 379
63, 300
21, 992
75, 505
332, 475
74, 457
27, 273
61, 785
24, 527
46, 073
340. 225
94, 622
20, 722
79, 725
24, 231
31, 980
274, 908
63, 545
18, 690
73, 059
22, 920
25, 564
275,815
59, 010
20,314
81,444
21, 895
22, 986
295, 209
69, 564
24, 869
102, 102
20, 743
26, 769
209, 808
45, 680
22, 690
59, 074
22, 380
15, 573
227. 919
43, 376
24, 182
64, 053
18, 784
18, 060
278, 992
56, 379
25, 748
86, 044
18,922
21, 780
1, 068. 1
104, 694
87, 448
25, 617
41, 668
955. 3
83, 181
85, 411
31, 925
43, 375
907.0
81, 366
81, 626
28, 696
41, 204
940.0
80, 934
93, 036
35, 601
45, 660
901.4
91,071
86, 120
31, 731
41, 439
960.3
111,625
85, 995
27, 942
53, 990
879.9
108, 742
79, 781
20, 230
55, 766
943.4
117,489
84, 057
27, 087
57, 373
1, 033. 1
136, 261
93, 307
22, 942
66, 739
1,039.4
148, 117
99,271
40, 085
68, 432
1, 070. 5 1,027.3
142, 967 123, 306
89, 224
86, 231
45, 193
41, 248
64 512
65, 908
do
do
do
do
do
do
231, 186
11,818
27, 363
61, 270
15, 235
104, 985
204, 731
10. 089
26, 706
50, 096
20, 621
89, 231
211,075
8,192
22, 577
57, 547
13, 482
98, 596
214, 854
7, 236
23, 378
58, 775
14, ISO
99, 743
228, 909
7, 437
24, 518
61, 437
17,044
106, 971
234, 655
7,752
25,818
59, 353
16, 712
112, 747
225, 870
8,872
26, 062
64, 074
14,872
100, 900
240, 035
10, 362
28, 616
69, 554
15,258
103,915
267, 878
12, 601
31, 694
71, 538
16, 685
121, 187
267, 587
13, 750
31, 595
77, 458
15, 734
116, 778
266, 714
13, 340
30, 975
74, 544
17, 840
116, 546
250, 293
11,673
30, 563
66, 241
17, 162
113,417
do
do
56, 575
45, 461
53, 402
48, 997
46, 892
51,017
57, 114
57, 434
55, 383
53, 627
55, 218
54, 588
46, 356
47, 261
46, 769
49, 627
49, 973
63, 286
49, 338
57, 278
56, 416
51, 435
54, 291
48, 841
do
821, 662
824, 341
780, 641
763, 470
838, 772
941, 772
870, 118
849, 673 1,018,253
870, 748
966, 097 r 938, 804
do
do
do
do
do
do
42,317
133, 020
159,983
201,800
91, 546
192, 996
40, 599
148, 552
162, 231
206, 364
90, 176
176, 423
31, 571
142, 988
171, 242
204, 787
68, 946
161. 109
37, 873
127, 342
182, 073
201, 670
69, 231
145, 284
44, 288
129, 904
196, 704
211, 045
72, 250
184, 580
57, 877
121,314
208, 253
215, 641
107,012
231, 674
45, 383
151,478
163, 328
183, 452
144, 987
181, 486
50, 760
140, 966
180,016
183,830
138,177
155,926
65, 146
188, 066
225, 224
212, 694
145, 133
181, 988
56, 291
159,534
179,647
204, 344
116,981
153,951
54, 848
196. 449
195, 678
229, 672
121, 274
168, 179
46, 765
172, 416
191,809
244, 108
112,651
171, 058
do
do
1,646
9,418
1,947
7,708
727
5,737
610
6,851
490
6,248
1,379
5,972
1,500
7,512
1,821
7,914
4,515
10, 593
3,381
6,321
1,417
10. 905
1,868
9,781
do
do
do
do
do
do
do
9, 611
12, 182
118
19, 305
22, 235
10, 997
27, 814
10, 578
17, 496
261
17, 499
27, 434
16, 230
24, 604
13, 883
13, 519
695
19, 039
27, 336
13, 537
22, 665
7,626
15, 765
269
15, 268
24, 360
18, 383
17, 435
7,768
15, 001
951
17, 250
27, 043
13, 462
15, 873
6,979
14, 552
726
17,047
25, 038
14, 238
9,814
15, 830
11, 634
843
21, 893
34, 416
15, 257
16, 728
4,158
15,904
814
21,189
22, 526
17, 843
17,830
13, 854
20, 906
1,034
25, 701
34,509
18, 376
22, 673
13, 297
19,629
744
16,666
28,171
18,337
22, 620
15. 518
22. 967
241
28, 378
33, 923
16, 605
31, 614
6,026
22, 300
72
21, 967
34, 418
14, 471
28, 333
do
do
do
do
do
13, 065
20, 950
9,724
999
39, 562
12, 674
24, 841
11, 804
1,038
38, 860
12, 126
23, 635
10, 954
1, 604
42, 386
14, 985
25, 380
14, 308
524
41, 263
15, 843
29, 920
14, 824
890
35, 455
14, 044
23, 842
14, 188
919
57, 110
12, 805
21, 926
9,740
692
35, 510
13, 166
22, 514
13, 486
1,147
48, 687
19, 836
31, 949
21, 298
866
55, 466
16,047
26,166
14,183
810
50, 370
14, 962
27, 954
14, 121
1,291
50, 886
16, 886
32, 989
13, 461
1,386
46, 650
do
201, 558
206, 260
204, 599
201, 624
210, 750
215, 620
183, 423
183, 774
212, 656
204, 327
229, 640
243, 965
do
do
do
do
do
do
do
do
268, 345
11,415
38. 961
23, 680
57, 547
34, 527
19, 534
37, 938
252, 360
8,942
34, 560
14,818
51, 583
37, 667
24, 365
38, 674
216, 332
8,016
34, 181
15,285
34, 594
26, 808
19, 558
40, 138
194, 206
6,526
59, 125
6,724
15, 554
19, 791
20, 950
37, 412
237, 374
5,894
55, 643
13, 044
37, 097
14, 992
21, 042
48, 550
311,869
6,962
96, 842
15,003
40, 430
17, 689
27, 850
51, 792
297, 404
7,585
56, 449
12, 726
38, 722
36,412
40, 976
47,716
265, 568
9,222
36, 045
14, 990
32,812
34, 524
41,797
46, 602
297, 526
13, 198
40, 587
17, 482
32, 075
45, 398
40, 474
58, 568
251,193
11,048
43, 923
17, 258
19,994
36,810
32, 353
44, 190
271, 605
10. 593
42, 437
17, 087
33, 236
31. 609
38. 528
46. 579
263, 755
12, 789
38, 917
19, 224
32, 901
35, 901
34, 282
47, 103
do
820, 107
826, 495
776, 900
761, 288
831, 593
930, 835
861, 971
843, 518 1,004,776
872, 528
958, 550 r 941, 851
do
do
do
do
do
186, 377
159, 320
93, 660
191, 254
189, 496
207, 907
142, 498
96, 615
193, 869
185, 606
197, 687
115, 049
86, 540
194, 874
182, 751
182, 049
123, 591
76, 189
186, 315
193, 145
185, 505
163, 018
82, 040
203, 156
197, 873
206, 347
242, 022
71, 546
218, 178
192, 742
201, 555
198, 253
86, 843
198, 595
176, 725
204, 433
169, 294
82, 655
208, 996
178, 140
254, 171
178, 541
104, 408
229, 998
237, 657
224,817
146,713
92, 409
210,859
197, 730
237, 283
174, 931
95, 657
236, 122
214, 557
243, 106
143, 479
100, 453
235, 717
219, 097
do
do
do
do
do
do
do
301,116
23, 267
101, 748
4,696
17, 610
39, 445
19, 022
304, 751
16, 180
90, 416
4, 896
27, 214
41, 740
19, 047
260, 137
17, 291
64, 886
3,686
22, 564
30, 611
18, 312
252, 491
12, 822
75, 993
3,967
24, 371
16, 651
17, 689
288, 050
18, 788
106, 079
3,752
23, 188
12, 880
15, 689
360, 957
30, 821
174, 374
3,171
24, 480
10, 423
15, 444
358, 689
19, 055
140, 179
3,924
27, 719
36, 502
21, 593
318, 945
22,471
107, 899
3, 506
30, 358
36, 335
17,518
372, 284
26, 086
105, 413
6,181
39, 470
44, 384
26, 404
318,490
18,019
90, 882
4,342
40, 661
37, 144
23, 629
348, 658
11,452
120, 060
6,554
39, 591
38, 674
23, 605
311,696
15, 579
90, 136
5, 628
33, 974
37, 399
22, 752
518, 991
6,570
521, 744
4,805
516, 764
5,297
508, 797
2,838
543, 543
2,124
569, 878
11,990
503, 282
9,394
524, 574
9,975
632, 491
7, 853
554, 039
6,452
609, 893
8,672
630, 155
7,429
97, 134
37,312
8,982
23, 884
47,011
64, 714
96, 196
32, 542
16, 055
25, 087
52, 063
63, 109
89, 048
31, 767
13, 660
25, 560
47, 487
64. 401
73, 290
17, 797
16, 108
25, 421
49, 651
67, 032
82, 972
25, 759
17,041
27, 068
54, 284
74, 077
97, 324
28, 382
14, 974
22, 675
52, 963
87, 896
75, 003
23, 363
11,672
22, 402
46, 732
85, 202
88, 207
29, 485
15,037
22, 210
43, 200
84, 760
95, 320
31, 129
15, 099
28, 288
51,451
95, 062
98, 363
30, 495
12, 093
21, 945
50, 320
74, 215
109, 207
30, 885
14, 093
25, 250
52, 767
76, 546
110,024
40, 017
13, 248
30, 358
53, 239
82, 675
Non agricultural products total
mil of dol
Automobiles, parts, and accessories ^thous. of doL .
Chemicals and related products§cf
do
Coal and related fuels
_ _ do
Iron and steel-mill products
do
Machinery total §
Agricultural
Tractors parts and accessories
Electrical^
Metalworking§
Other industrial
__ _
Petroleum and productscf
Textiles and manufactures
General imports total
By geographic regions:
Africa
Asia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
Egypt
Union of South Africa
Asia and Oceania:
Australia including New Guinea
British Malava
China including Manchuria
India and Pakistan
Japan
Indonesia
Republic of the Philippines
Europe:
France
Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics total
Argentina
Bra/il
Chile
Colombia
Cuba
Mlexico
Venezuela
Imports for consumption total
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities:
Agricultural products total
Cocoa or cacao bean's, incl. shells
Coffee
Hides and skins
Rubber, crude, including guayule
Sugar
Wool and mohair unmanufactured
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
r
IRevisions prior to February 1954 will be shown later.
1 See similar note on p. S-21.
' Revised.
p Preliminary.
reported as "special category, type 1" are included with finished manufactures.
9
reported
9 Data for semimanufactures repo
\jr\t>. 1"
1" Pvnnrf-5§Excludes "special category, type
exports; plpntrionl
electrical rrmr'Vnnprv
machinery Ha.tfl
data nrp
are pvP.lnriprl
excluded th
through 1954 only.
(^Exports of jet fuel (totaling $1,719,000 in 1953) are included with petroleum and products beginning January 1954; with chemicals prior thereto.
1, 306. 3 P 1, 256. 1
885, 100
878, 700
August
SURVEY OF CURRENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 -Statistical
Supplement to the Survey
S-23
1954
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
July
June
May
August
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown revenue
thousands
Express and freight ton-miles
flown
- do
Mail ton-miles
flown
_ _
do. _
Passengers carried revenue
do
Passenger-miles flown, revenue
millions .
44, 190
13, 793
6,045
2,687
1,514
37, 859
12, 704
6,053
2,471
1,392
42, 095
16, 478
6,160
2,621
1,436
43, 007
18, 759
6.549
2,673
1,414
40, 497
17, 359
6,496
2,416
1,281
44, 365
19, 697
9, 833
2,518
1,426
1
45, 092
1
15, 347
1
6, 574
1 2, 601
1, 485
11 40, 790
14, 753
1
6, 694
*2
367
1
1, 320
thous. of dol
do
27, 061
9,062
28, 808
10, 759
30, 318
8, 696
30, 784
11,982
32, 132
12, 458
39, 517
17, 161
27, 258
8 965
26 849
8 993
32, 326
13, 712
29, 580
11,411
29, 921
11, 483
33, 341
13 858
__ cents
millions
thous of dol
13.7
••748
117, 500
13.8
740
116,400
13.9
785
114, 500
13.9
816
123, 400
14.0
820
127 100
14.0
862
137,100
14.1
784
119, 600
14 1
731
113 000
14.2
837
126, 300
14.3
799
124, 200
14.3
801
121, 800
14.3
756
116 300
14.4
665
1
1
1
45, 696 *1 45, 786 *1 47, 302 1 47 526
18, 174
17, 427 17, 727 i 18, 933
i1 7, 597 11 7, 284 11 6, 976 1 !6,910
2, 732 1 2, 950 1 2, 976 21 3 066
1
1, 521
1, 592
1, 620
1, 765
Express Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares average cash ratef
Passengers carried revenue
Operating revenues
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals) :§
Operating revenues total
Revenue freight carried
thous of dol
thous of tons
Carriers of passengers (quarterly totals):
Number of reporting carriers
Expense^ total
do
2,036
856, 644
819 933
65, 629
2, 026
905, 121
891, 941
69, 051
168
107, 372
88, 267
83 553
164
89, 616
84, 667
79, 068
3
3
3
789
763, 552
722
339
3
52, 405
159
77, 332
77, 876
70 136
Class I Steam Railways
Freight carloadings (A. A. R.):d*
Total cars
thousands
Coal
do
Coke
.
. do. .
Forest products
do
Grain and grain products
__ do
Livestock
do
Ore
- do
Merchandise 1 c 1
do
Miscellaneous
- do
Freight carloadings (Federal Reserve indexes):
Total unadjusted
1935-39=100
Coal
_
do .
Coke
do
Forest products
_
do
Grain and grain products
__do__
Livestock
do
Ore
_
..
._ _ do _
Merchandise 1 c 1
do
Miscellaneous
_ _
do _
Total, adjusted
_
do
Coal
do
Coke
_
_
__ _ do .
Forest products
do
Grain and grain products _ _ _ _ _ _ _
do
Livestock
do
Ore
_ _ -_
_ do
Merchandise, 1. c. 1
do
Miscellaneous
do
Freight-car surplus and shortage, daily average:
C a r surplus, total _ _ _
_ _ _ . _ _ _ _ numberBox cars
do
Gondolas and open hoppers
_ __
do_ _
Car shortage, total
do
Box cars
do
Gondolas and open hopners ___ _
do. _
Financial operations:
Operating revenues, total
_ _thous. of dol
Freight
_ _ _ _
do
PaSSenper
(Jo
Operating expenses
do
Tax accruals, joint facility and equipment rents
thous of dol
Net railway operating income
do
Net incomef
_
do
Operating results:
Freight carried 1 mile
mil of ton-miles
Revenue per ton-mile
cents
3,251
434
35
177
312
31
351
288
1,622
2,708
438
27
155
'213
31
249
'25C
1,344
2,711
452
29
162
199
46
228
248
1,348
3,629
635
43
230
268
77
246
327
1,803
2,685
493
35
170
220
47
110
247
1,363
2, 518
487
36
169
185
34
62
239
1,306
3,054
608
50
194
225
40
75
288
1,575
2,575
511
42
171
177
25
56
243
1,351
2,621
447
42
168
171
27
67
255
1,444
3,433
569
56
205
217
40
179
308
1,859
3, 063
510
47
179
194
29
307
251
1,547
3,085
529
47
186
208
23
332
258
1,503
3,731
553
57
219
335
27
416
324
1,799
3,114
528
50
192
217
27
344
257
1,499
114
80
91
120
181
47
255
38
126
114
90
87
125
149
56
217
40
127
120
98
97
140
147
89
205
41
133
124
105
109
149
150
111
170
41
136
121
106
116
143
159
85
98
41
134
114
106
125
137
133
60
57
40
127
110
103
127
133
132
61
53
37
125
113
105
131
138
124
45
49
39
128
115
91
134
135
120
49
59
40
137
120
95
142
133
123
58
136
3*
140
130
105
147
145
137
52
271
4(
146
130
99
148
153
155
131
104
151
146
197
41
305
42
140
131
109
160
156
152
49
303
41
142
109
80
94
119
151
54
159
38
125
111
90
90
119
138
59
145
40
126
111
98
98
129
131
67
137
39
123
115
105
111
141
150
72
109
40
125
118
106
116
146
163
68
101
4(
129
123
106
119
154
142
62
184
41
135
121
105
121
148
132
64
210
31
1&
122
105
124
144
127
56
198
40
136
123
91
133
135
130
62
204
40
144
123
95
144
133
140
65
177
39
142
128
105
149
139
155
57
177
4i
14'
125
99
151
147
152
51
42
140
125
104
156
145
164
50
190
43
139
126
109
166
148
141
51
202
40
140
95, 994
11, 937
74, 775
740
716
24
81, 002
10, 688
60, 603
447
442
J
72, 134
8,923
52, 598
998
964
0
44, 922
3,402
33, 041
2,854
2,405
139
29, 482
1, 20(
20, 505
2,193
2,077
25
40, 960
2,348
27, 410
244
237
0
71, 087
9, 568
49, 286
368
341
£
47, 171
6,445
30, 145
687
665
23
38, 468
3,351
28, 230
1,427
1,33'
34
21,810
2,398
11, 657
2,418
1,83^
281
14, 414
2,91
2,317
6,350
3,866
2,048
9,583
3,383
866
10, 456
6,10^
3,788
8,467
250
3,008
13, 491
10, 824
2,362
5,164
274
372
13, 369
8,018
5,179
>• 779, 846
r 642, 592
72, 46'
618, 597
804, 767
664, 232
73, 422
623, 326
781, 619
652, 95:
62. 312
607, 388
804, 392
67S, 755
57, 327
611,780
793, 01 5
669, 535
57,515
597,013
798, 023
652, 902
68, 95^
628, 344
752, 741
625, 92'
65, 301
590, 002
724, 335
611,843
55, 26(
564, 101
825, 160
703, 24
56, 487
612, 029
795, 972
673, 932
58, 231
602, 164
850, 36
724, 74
59,19
634, 89
875, 112
737, 88
66,84
644, 883
849, 560
711, 245
69, 995
644,828
90, 094
71, 155
49, 365
97, 368
84, 073
64, 210
94, 027
80, 204
58, 329
101,737
90, 875
75, 402
101 , 884
94,118
75, 518
60, 571
109, 108
126, 624
94, 079
68, 660
51, 873
93 630
66 604
46, 133
115,398
97, 73
77,86
106, 432
87, 377
67, 009
114, 22
101, 24
86,67
124, 19
106, 034
88, 103
112,120
92,612
46, 914
1.427
2,879
48, 921
1.405
2,926
48, 175
1.402
2, 40(
52,712
1.344
2,192
48 521
1.415
2 159
47, 588
1.421
2,625
48, 161
1. 357
2 488
46, 098
1.382
2,057
50,99
1.42
2,11
51, 205
1.372
2 222
55, 83
1.35
2 27
54, 938
1.389
2 56
T
4:
296
42
144
19:
Waterway Traffic
Clearances, vessels in foreign trade:
9,511
10, 171
9,505
9,660
10, 277
9,24i
8,449
8,748
9, 446
Total U S portsO
thous of net tons
6,659
7,113
6,841
7,157
6,71
6,604
6,261
6,884
6,437
Foreign
do
2,852
3,059
2,794
2,819
3,120
2,188
2,311
2,645
2,563
United States
do
Panama Canal:
2,954
3,127
3,132
3,329
3,453
3,376
3,227
3,404
3,669
3,760
Total
_ _ _ _ _ thous. of long tons.
3,46
3,932
3,75
99
98
1,002
1,065
878
932
1,123
1,305
987
In United States vessels
do_._
1,030
1,419
1,33
1.31
r
2
8
Revised.
* Preliminary.
1 Beginning January 1955, data include local service operations of one carrier.
Excludes data for one carrier.
Data covers large motor carriers
(having operating revenues of $1.000,000 or above); comparable figures for 1st quarter 1954: Operating revenues, $671,318,000; expenses, $650,624,000; freight carried 46,616,000 tons.
fData have been revised (beginning August 1945) to include fares charged by transit companies operating in cities having a 1950 population of 25,000 or over; revisions prior to August 1952
will be shown later.
§Data have been revised to cover intercity carriers of all types of commodities, including common carriers of general and special commodities and contract carriers. It should be noted
that the data for 1945-53 shown in BUSINESS STATISTICS (1953 edition) and in the October 1953-December 1954 issues of the SURVEY are for carriers of general commodities only. Revised
data for 1945-52 will be shown later. Revisions for the first three quarters of 1953 are shown in the January 1955 SURVEY.
c?Data for July, October 1954 and January, April, and July 1955 are for 5 weeks; other months, 4 weeks.
OData beginning January 1954 include vessels under time and voyage charter to Military Sea Transportation Service; revised monthly data for 1953 to include these clearances will be
shown later.
JRevised data for June 1954, $60,225,000.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 1055
19£>4
July
August
19 55
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room.
_
dollars .
Rooms occupied.-,
. percent of total _
Restaurant sales index
same month 1929=100
Foreign travel:
IT S citizens' Arrivals
number
Departures
do
Aliens' Arrivals*
do
Departures*
do
Passports issued and renewed
__ .
do
National parks visitors
thousands
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thotis. of doL .
COMMUNICATIONS
Telephone carriers: 9
Operating revenues
thous. of dol. .
Station revenues
do
Tolls, message
do ._
Operating expenses before taxes
do
Net operating income
do
Phones in service, end of month
thousands. .
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol .
Operating expenses incl depreciation
do
Net operating revenues
..do. _.
Ocean-cable:
Operating revenues
_ _ _ do
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph :
Operating revenues
do
Operating expenses, incl depreciation
do
Net operating revenues
_ - do
6.91
66
237
7.66
72
248
7.55
74
253
7.71
77
262
7.76
71
250
6.89
59
229
7.17
73
252
7.25
74
252
7.02
75
241
7.65
73
259
6.98
74
277
7.61
74
280
7.19
65
235
7.97
71
260
113,018
127,507
62, 056
46, 236
36, 707
4,127
146, 742
94, 034
64, 504
43,530
34, 263
4. 213
126, 750
73, 984
70, 574
45, 403
26, 023
2,010
88, 706
60, 498
56, 752
40, 100
21,659
1,104
73, 293
56, 135
50, 477
35, 154
22, 000
428
72, 730
69, 840
48, 675
41, 779
25, 005
277
69. 272
76, 638
45, 881
30, 472
34, 356
318
80, 021
85, 524
41, 745
30, 235
40,173
309
91, 535
98, 615
51, 586
38, 963
56, 399
437
90. 092
104, 604
57. 129
40. 232
60, 675
690
109, 558
107 290
61.41W
42, 713
71, 055
1,162
71, 626
2,547
40, 624
4,492
40, 963
577
7,601
640
8,422
574
7, 543
583
7,647
540
7,042
571
7,474
702
9,224
587
7,710
600
7,884
543
7,129
521
6,823
571
7,500
414, 837
240, 459
139, 800
287, 388
61,957
44, 766
421,562
243, 050
144, 225
286, 027
55,790
44, 920
422,311
246, 07(5
141,432
293, 280
52,414
45, 129
431, 443
251,172
145.088
290, 427
59, 61 5
45, 345
431,914
252,812
143,034
292, 307
58, 930
45, 568
448, 387
257,149
1 54, 870
311,916
58, 457
45, 858
441, 354
258, 047
146, 783
289, 318
62, 143
46, 093
429, 188
254, 859
137, 976
281 , 240
60, 261
46, 310
454, 235
260, 606
157, 059
307, 210
59, 123
46, 545
449, 942
261, 586
151,080
299, 165
61, 148
46, 746
457. 793
263. 022
157.307
306, 503
61. 220
46. 961
460, 582
264, 035
158,688
304, 354
64, 294
47,175
17,111
15. 803
494
18, 072
15, 555
1,741
18, 447
15, 861
1, 856
18, 267
15. 552
2. 023
17,843
15, 513
1,660
19, 733
17,479
973
17, 552
15, 953
737
16, 996
14,880
1,302
19, 859
16. 332
2,677
18. 920
15, 825
2,254
19, 598
16, 446
2,300
20, 042
16, 535
2,660
2,704
1,918
525
2, 595
1,967
377
2,743
1,794
701
2,733
1,721
761
2,781
1,853
668
3,011
1,862
864
2,676
2,104
301
2,452
1,972
220
2,933
2, 068
599
2,579
2,088
236
2,771
2. 131
367
2,902
2 123
521
2,599
2,217
248
2, 557
2,179
255
2,611
2,320
159
2,652
2,112
426
2, 672
2, 249
300
2, 99H
2, 353
540
2,754
2,272
333
2, 635
2,198
351
2.893
2,306
466
2,689
2, 275
296
2,743
2,317
306
2,875
2. 302
452
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: t
Ammonia, synthetic anhydrous (commercial)
short tons.- 211,310 222, 430 210, 938 230, 098 238, 463 253, 687 270, 363 249, 398 285, 239 286, 567 296, 799 261, 285 236, 759
60, 915
58. 435
54, 351
59, 578
60, 516
58, 857
62, 388
53, 804
77 527
73,941
71, 923
Calcium carbide (commercial)
do
72, 522
74, 505
77, 697
46, 477
59. 186
78. 407
44, 834
69, 420
42, 666
40, 551
Carbon dioxide, liquid, gas, and solid .
do
53,813 58, 644
73, 859 ' 80, 244 91,921
245, 109 243, 403 244, 252 260, 052 250, 952 259, 445 260, 357 232, 826 269, 319 235, 158 294, 847 292, 908 291,331
Chlorine, gas.
_
_ .. _do .
59, 504
64, 482
61.871
58, 210
62, 998
66, 372
67, 494
62, 751
Hydrochloric acid (100% HC1)
do
59, 266 ' 69, 876 ' 73, 362 68. 369
69, 599
0
0)
296
Lead arsenate (acid and basic)
. _do
1,328
406
0)
1,157
0)
0)
0)
0)
0)
0)
162, 502 166, 192 167, 012 184,188 193, 343 199, 140 213. 732 190, 108 206, 932 201, 956 191, 743 178, 428 173,595
Nitric acid (100% HNO3)
do ..
1,932
1, 694
1,723
1,611
1,998
2,214
2, 132
2,349
2,466
2,249
Oxygen (high puritv) - mil. of cu. ft
2. 326
2,422
2,422
221, 223 232, 995 219,823 245, 893 257, 550 264,317 276, 286 289,323 312, 208 311, 551 306, 851 261, 312 197, 401
Phosphoric acid (50% HsPO*)
short tons
Sodium carbonate (soda ash), ammonia-soda process
380,061 374, 831 390, 2,80 408, 559 399, 961 385, 270 385, 787 359, 569 420, 085 387, 242 442, 594 416, 147 380, 422
(58% Na2O)
short tons
8, 452
7, 263
7,049
7. 559
7,913
8,707
9,000
8,181
10. 289
9,538
9,690
10, 734
Sodium bichromate and chromate
do ,
9, 657
291. 039 284, 240 286, 2(52 299, 587 292, 587 300, 604 301, 769 275, 326 317, 245 278, 266 336, 554 ' 338, 232 330, 413
Sodium hvdroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)
55, 728
39, 983
39, 073
49, 760
60, 91(;
53. 066
49, 451
50, 490
56. 923
54, 900
62, 841
40, 905
48, 451
short tons.Sodium sulfate (Glauber's salt and crude salt cake)
71,948
63, 0(K)
62, 457
62, 930
71,116
71, 485
75, 973
69, 51 1 68, 483
66, 925
63, 263
72, 365
66, 972
short tons__
Snlfuricacid:
1, 183
1,067
1,097
1, 255
1,121
1, 260
1, 300
1, 313
1,388
Production (100% H2SO4)
thous. of short tons._
1,122
1, 339
1,373 r 1 , 255
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..
22.35
P 22. 35
22. 35
Organic chemicals:
Acetic acid (synthetic and natural), production
38, 754
44, 691
42, 002
41,502
36,111
41,069
43, 071
36, 944
43 729
41, 621
48, 100
thous. of Ib_
45, 256
69, 282
69, 104
57,415
66, 302
61, 777
63, 578
67. 886
Acetic anhvdride, production
do
60, 353
67, 664
78, 590
72, 127
70, 477
922
1, 151
932
1, 136
1,250
1,142
1,194
1,202
Aeetylsalicylic acid (aspirin), production
do.-..
1,509
1,406
1, 413
1, 217
Alcohol, ethyl:
32, 850
34, 608
30, 650
28, 793
33, 552
33, 651
35, 304
Production __
thous of proof gal
35,615
33,015
39, 523
36, 761
37, 784
35, 855
' 55. 784 57, 509
56, 552
53, 587
54, 089
53, 91 1
52,111
Stocks, total
do
48, 093
53, 057
49, 984
44, 842
51, 873
49, 717
' 35, 69S 36, 443 35, 996
32, 887
33. 881
33, 636
In industrial alcohol bonded warehouses . . . -do
31, 705 31,780
27, 300
30, 904
28, 545
31,257
27, 988
21, 066
20. 087
20, 700
20, 556
20, 208
20. 406
20, 275
In denaturing plants
do
20, 793
21,277
21, 439
21, 729
20, 969
13,585
27. 603
29. 956
32. 386
29, 825
29, 733
31,839
Used for denaturation
do
35. 045
37, 855
32, 792
36, 230
35, 023
37, 046
40, 970
923
697
941
984
854
Withdrawn tax-paid
do
755
703
672
927
902
650
720
795
Alcohol, denatured:
r
H>,
060
14,905
17,
471
16,
106
16,
181
17,
173
Production
thous of wine Til
18,
862
20,
404
17,
677
19,
989
19,
504
22,
180
18,
878
r
15,679
16. 805
15, 878
17,368
1C:. 817
Consumption (withdrawals')
do
17, 340
19,346
20, 644
17, 174
20, 156
19, 382
18, 585
18, 874
6,704
5. 512
7,002
6, 276
5, 500
5, 434
4, 934
Stocks
do
5, 238
5, 455
5,267
4,504
8, 642
4,011
r
9, 752
9. 240
1 2, 705
9, 188
8, 992
10, 682
Creosote oil, production
thous. of eraL _
9, 565
8, 934
11,064
13,014
10, 167
10, 681
5, 376
5, 952
6, 960
7, 125
6,212
Ethyl acetate (85%), Production
thous. of Ib
5. 105
7, 336
8, 395
4,571
9, 006
6,639
6,171
Glycerin, refined (100% basis) :
High gravity and yellow distilled:
2
2
2
2
4, 663
4, 086
3,740
4,804
5, 067
Production
do
4, 981
(-)
()
()
()
(2 )
( 22 )
C22)
5, 922
5. 753
5, 460
(2)
5, 776
Consumption
_
._
do
5, 909
(2)
5, 873
(-)
(22)
( 2)
(2)
(
)
15,939
13, 435
12, 782
16,791
Stocks.
do
15,005
11,85(1
C-0
(2)
(2)
()
()
()
(2)
Chemically pure:
2
2
2
2
2
12, 391
11,631
10, 196
12,917
Production
__
do
11,964
15, 679 22 18, 566
17, 275 2 20, 032
18, 345 2 20, 461 2 21, 384 22 15. 608
9, 531
8, 662
9, 279
8, §66
9,499
Consumption
do
9,271
14, 836 2 14, 642
1 6, 306 2 15,692 15,848
16, 055
14, 165
23. 520
23,011
17,889
Stocks
do
17, 445
20, 546
18, 523 2 30, 073 3 28, 391 2 28, 699 2 26, 913 2 27, 061 2 28, 688 2 25, 880
Methanol, production:
152
160
184
177
Natural (100%)t
thous. of gaL.
163
176
157
170
167
185
192
186
181
12, 896
13, 735
12, 979
15,319
Synthetic (100%)
do
16, 464
16, 974
15,393
13,825
15, 531
15, 886
16, 740
16, 071
i
18, 532
19, 129
22, 136
24, 072
24, 647
Phthalic anhydride, production
thous. of lb_28, 376
25, 798
24, 976
30, 450
29, 263
29, 339
24, 851
r
J
2 B eginning , anuary 1£ 55, data ft>r high-gr \vity and yellow-di stilled gly ;erin are c )mbined vinth chern call y pure glycerin,
Revised.
» Preliminary.
Xot available for \mblicatio n.
*New series. Compiled by the 17. S. Department o/ Justice, Immigrati on and N ituralizati yn Service Data re late to tht arrivals <ind depaV ;ures of al iens, by s<3a and by air, between ports
of the United States and noncontiguous foreign territoi y. Thes 3 statistic 3 do not ii iclude boixier crosst rs, seamen, militar y personn el, traffic Between c ontinenta 1 United States and insular
vn laier.
later. i^uici
possessions, and
ill be
aim cruise travelers.
travelers, Data
uara prior to
10 1953
iyo«j w
win
oe sho\
snown
series
ana imm
immigrant
only.)
(Old seri
3S covered emigrant and
ierant aliens
alif ms onlv.}
9 Data beginning January 1954 cover 38 companies (those having an annual gross operating revenue of $1,000,000 or more). However, the smaller number of companies continues to account
for over 90 percent of the annual gro?s operating revenues of the industry.
{Revisions for 1952 (also 1951 for ammonia and hydroct
:ochloric acid) will be shown later.
SURVEY OF CUREENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-25
1954
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
1,001
321, 185
48 403
257 181
12, 160
'559
231, 041
33 511
177 583
322, 904
160 943
71 768
164 745
113 116
52 914
2, 536
12, 104
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States) 9
Exports, totalj
Nitrosonous materials
Phosphate materials J
Potash materials.
__.
thous. of short tons
short tons
do
do
do_ __
Imports, totalt
do
Nitrogenous materials total
do
Nitrate of soda
do
Phosphate materials}:
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.AOc?
Production
short tons
Stocks, end of month
do
171
306, 751
24, 293
268, 815
10, 112
152
300
400, 105
39, 477
346 419
11,358
364, 339
29, 881
323 734
6, 858
453, 853
20, 585
420 435
9,030
225, 276
32 820
177 964
12,214
291, 794
22 733
251 996
10, 759
283
49
216
10^
845
490
270
529
313, 456
97 057
172 074
21,' 039
1,839
273, 003
59 568
183 344
24, 519
1,650
364, 240
76 515
268 969
111,839
76, 583
35, 666
12, 532
* 7, 595
141, 624
94 905
31, 550
11,610
18, 705
202, 152
139 914
37, 439
9,175
31, 925
155, 497
100 361
33, 725
8,690
24, 381
196 532
152 750
52 302
13 502
19, 340
214 033
189 058
84 555
8, 986
5,498
227 564
189 9%
59' 359
9' 294
12 868
236 247
165 449
49 463
11, 194
41, 339
353 695
256 702
70 535
20 126
48, 161
241 269
177 029
61 015
9,712
25, 904
53.00
100, 715
53. 00
124, 035
53.00
137, 309
51.25
167, 285
51 25
150 221
51.25
154,317
51 25
187 873
51 25
200, 116
51 25
266 832
51 25
235, 857
136, 218
282, 846
151,945
299, 071
159, 330
286, 856
184, 713
277, 595
192, 554
295 719
206, 309
326, 579
209 017
347 161
210, 165
347, 728
228 764
274 32?
233, 572
221, 442
508
487
369
511
786
11,172
8,030
15, 778
51.25
r
9,242
51 25
61, 750
51 25
93 209
210. 818 r 143 181
248, 022 r 289 542
94 015
291, 852
164,411
r
241
v 51 25
NAVAL STORES
Rosin (gum and wood) :
Production, semiannual total
drums (520 Ib.)
Stocks, end of period
_ _ _
do
Price, gum, wholesale, "WG" grade (N. Y.), bulk
dol. per I00lb__
Turpentine (gum and wood) :
Production, semiannual total
_ _ bbl. (50 gal.)
Stocks, end of period
do
Price, gum, wholesale (N. Y.)
dol. per gal__
1, 005, 880
891, 850
8.55
864 190
798, 590
8.80
8.65
8.75
.60
.72
327, 910
181, 710
.72
.72
.72
.74
527
55,395
722
60, 424
754
59, 571
937
58, 619
1,083
57, 824
472
3,259
462
3,289
439
3,229
454
3,240
467
3,210
307, 271
89, 573
251, 266
310, 353
127, 022
233, 363
325, 073
131, 975
224, 215
355,012
127,040
213,063
388, 542
129, 907
223 411
46, 072
19, 147
72, 512
47, 026
23, 987
72, 888
46, 746
24, 267
71, 630
49, 362
28, 429
66, 338
53, 958
27, 464
73 142
55, 769
27, 098
75 025
(2)
(2)
(2)
25, 903
11, 038
56, 026
13, 410
10, 269
51, 260
26, 732
13, 149
65, 710
12, 514
11, 340
56, 222
6,179
13 625
66 107
6,471
11 074
63 560
3
532
3 g 275
351 494
366
346
380
416
440
435
599
532
579
536
551
521
593
9.25
9.25
r
9. 25
P9.56
.64
.64
*.64
346
65, 632
280
68, 967
315
60, 043
456
2,925
425
2,875
488
2,887
9.20
9.20
9.20
9.20
9.05
.64
.64
289 890
176 110
.64
.64
.64
980
53, 594
1,017
52 571
53,167
876
58 535
685
62, 651
478
3,228
447
400
435
3,214
3,201
3,091
438
2,996
9.20
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
_
thous. of lb__
High explosives
.
do
Sulfur (native) :
Production
__
thous. of long tons
Stocks (producers')
_ ___do
810
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats, greases, and oils:
Animal fats:
Production}:
thous. of lb__
Consumption, factory ...
do
Stocks, end of month.
do
Greases:
Production
_
do
Consumption, factory
do
Stocks, end of month
do
Fish oils:
ProductionJ
do
Consumption, factory
do
Stocks, end of month
_ _ _
do
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production, crudej
__mil. of lb__
Consumption, crude, factory}:
do
Stocks, end of month: J
Crude
__
do
Refined §
do
Exports
Im ports, total|
Paint oils
All other vegetable oils t
Copra:
Consumption, factory
Stocks, end of month
Imports
Coconut or copra oil:
Production:
Crude
Refined
_.
Consumption, factory:
Crude
Refined
Stocks, end of month:
Crude
Refined
._
._
Imports
.
Cottonseed :t
Receipts at mills
thous.
Consumption (crush)
_
Stocks at mills, end of month
Cottonseed cake and meal::}:
Production
_
Stocks at mills, end of month§ ___
Cottonseed oil, crude:J
Production
Stocks, end of month
Cottonseed oil, refined:
Production t
Consumption, factory!
In margarinet
Stocks, end of month§J
Price, wholesale, drums (N. Y.)
r
629
426, 037 i 465, 537 1 417, 837 i 454, 822 i 410, 136
129, 738 i 193 206 1 197, 710 1 203 837 1 196, 426
254 218 i 412 194 1 415 127 i 415 106 1 409 530
(2)
(2)
()
1
424, 815 ' 1 403, 658 i 367. 773
208, 264 i 196, 409 1 151. 030
410, 501 i 394 025 1 389 124
(2)
(2)
(2)
(2)
(2)
(2)
2
1
1
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
(2)
3
312
8 391
47 554
3 10 564
3 46 141
3 1,415
3 12 732
3 36 962
547
524
487
489
493
564
441
486
443
496
415
495
390
391
671
689
645
714
617
703
579
656
514
564
489
479
758
306
858
448
27, 248
40 233
1 409
38 832
24
38
2
36
970
601
602
000
50, 809
42 447
2 766
39 681
77. 636
45 936
2 194
43 742
3
8
3345
3 9, 989 r 340 574 3 30 097
3 9 208
11 438 r 3 10 968
336 045 ' 3 68 1293 57 938
3
1,086
1,018
575
933
599
924
677
834
669
799
674
806
thous. of lb._
do
do
do
150, 178
33, 892
5,731
28, 160
72, 232
43, 901
2,078
41,823
40, 636
38, 281
3,868
34, 413
120, 900
54, 026
1,058
52, 968
126, 097
47, 032
6 607
40, 425
124,960
34, 006
3 058
30 948
107, 563
40 051
2 049
38 002
short tons..
do
_ do -
26, 871
16, 446
31, 106
24, 327
20, 446
24, 558
30, 072
27, 508
34,016
33,811
21, 808
29, 533
25, 257
16 133
24, 148
27, 678
16 053
24 998
29 211
16 579
25 448
22 415
15 736
19' 810
28 344
15 313
34 819
31 089
16 674
25 234
28 Oil
19 231
31 743
32 933
18 474
30 524
22 926
22 292
thous. of lb._
do
34, 925
23, 211
31,097
30, 092
38, 365
32, 933
43, 159
30, 698
33, 216
25 685
35, 537
27 441
36, 747
28 899
28, 737
27 596
36, 068
32 005
40, 438
28 240
36, 056
29 282
41,327
30 955
29, 144
23 909
do
do
35, 503
20,608
45, 419
28, 561
49, 276
28, 770
47, 974
27, 433
40 851
22 382
41, 950
25 021
43 613
24 231
43 043
24 327
49 801
28 ' 476
43 342
27 496
46 344
29 755
46 234
26 402
34 598
21 431
do
do
do
52, 308
10, 121
9,448
52, 334
9,314
13, 524
48, 770
9,982
14, 665
52, 343
10,318
16, 277
63 336
11 129
18, 019
68 733
10 344
6,402
68 715
11 982
10 459
61 012
11 772
14' 617
68 573
11 844
12' 225
73 996
11 054
9 633
73 119
9 554
9 835
78 603
10 174
14 265
84 979
12 760
128
211
229
449
250
428
1,243
1,503
1,140
1,959
1,142
659
2,442
2,321
119
598
84
514
36
438
1 842
1 412
1 010
13
318
705
7
285
422
19
197
243
131
165
209
short tons
do
105, 294
208, 501
121,257
188, 910
260, 531
204, 976
330, 412
243, 422
320 340
251, 547
294 034
245, 510
293 109
242, 133
254 430
257, 064
218 928
278, 909
154 119
273, 098
139 630
266, 945
95 378
237, 998
78 293
203, 090
thous. of lb_.
__ do --
78, 763
42, 249
82,890
35, 881
165, 418
70, 954
219, 744
105, 742
215, 781
144, 267
196, 923
146 394
196, 278
141 494
169, 946
145 221
150, 978
125 738
110, 834
106 593
101, 987
96 409
67, 251
73 552
56 962
53 915
78, 738
do
108, 802
__ do
24, 141
do
954
mil. of Ib ...
.224
dol. per lb_-
82, 186
147, 206
29, 253
108 518
154, 430
38, 980
161, 362
148, 136
33, 553
161 193
156, 937
33 557
157 682
146, 167
29 997
159 433
144 295
28 524
141 252
141 288
25 294
117 110
119' 302
19 165
59 120
95 852
14 330
.210
.203
.204
546
87 033
134 560
20 718
.215
568
562
105 709
135 366
21 325
661
161 402
138' 285
28 949
527
433
344
.206
.206
.198
.199
.207
.222
.215
of short tons__
do
_ do _ _
888
.219
532
825
684
817
713
488
609
668
168,
45
6
38
P. 201
Revised.
*> Preliminary.
i Beginning 1955, data include greases (other than2 wool) and both crude and refined products (except that production figures exclude refined lard)- refined
products (not included prior to 1955) are no longer reported separately from crude.
Beginning 1955, data are included with animal fats; see note 1.
3 Beginning 1955, data may include
some refined fish oils (not formerly included); figures included for consumption and stocks of cod, cod-liver, and other liver oils are incomplete.
9 States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1954—January-March, 305; April-June, 315; July-September, 78; October-December, 81-1955—January-March 287'April-June 349
{Revisions for 1952 will be shown later.
cf A. P. A. (available phosphoric acid).
§ Includes stocks owned by the Commodity Credit Corporation (beginning January 1952 for refined oil and from May 1953 through June 1954 for cake and meal).
SURVEY OF CUEEENT BUSINESS
S-26
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Surrey
September 1955
1954
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
May
April
June
July
August
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Con.
Flaxseed:
Production (crop estimate)
thous. of bu.
Oil mills:
Consumption
do
Stocks, end of month
- -.-do
Price, wholesale, No. 1 (Minneapolis) _dol. per bu_.
Linseed oil, raw:
Production
..thous. of lb_.
Consumption factory
- - do. _
Stocks at factory, end of monthc?
- - do
Price, wholesale (Minneapolis)
dol. per lb._
Soyrbeans:
P oduction (crop estimate)
thous. of bu
Consumption, factory
. _ . .-do. .
Stocks, end of month
do
Soybean oil:
Production:
Crude
thous. of lb.
Refined
...do. ._
Consumption factory, refinedcT
do
Stocks, end of month:
Crude
- - do_ .
Refinedcf
_ _ _ . . - - . do
Price, wholesale, refined (N. Y.)
dol. per lb__
Margarine:
Productiond*
thous. of Ib
Stocks (factory and warehouse) cf- do__
Price, wholesale, vegetable, colored, delivered
(eastern U. S.)
dol. per Jb._
Shortening:
Production
- - - - - - thous. o f lb__
Stocks end of month
do
1
0
41, 534
2,596
1,782
3.63
3, 545
1, 946
3.47
4,058
2,718
3.41
3,575
4,009
3.39
2,988
6,085
3.37
2,752
5 292
3.38
50, 223
41, 176
231, 572
.160
69, 697
43,111
218, 100
.160
79, 719
53, 989
224, 903
.152
68, 821
41,254
195, 183
. 145
58, 487
44, 051
214, 023
.135
54, 165
39, 683
186, 697
.126
14, 795
4,894
11,140
9,218
21,735
37,312
173, 189
127,217
146, 845
166, 116
171,296
169, 920
125,318
148,712
169, 341
235, 894
198,863
200 722
239, 625
210, 262
204, 223
132, 221
78, 743
.209
117, 683
78, 679
.213
73, 503
53, 722
.203
91, 115
54, 679
.203
87, 399
22, 810
105, 344
23, 762
118,051
19, 824
.283
.283
112, 336
98, 826
1,884
4,276
3.36
3,138
2,559
3.25
1,861
1,654
3.24
2,014
1,006
3.34
1,552
1,035
3.35
2 023
1,807
3.29
46, 204
34, 933
181, 927
.123
37, 058
40, 974
164, 731
.125
59, 703
43, 533
171,597
.123
36, 801
45, 085
161, 853
.125
40, 707
43,619
139, 750
.131
30, 891
50, 888
110,324
.131
41,248
45 991
62, 259
.132
21, 483
33, 243
19, 777
24, 355
19, 525
17, 549
20, 031
12,912
21,012
10, 200
22, 119
10, 775
21, 347
10, 541
227, 765
204, ISO
196, 475
230, 957
205, 325
192 795
214, 068
187, 174
185, 616
210, 643
219, 803
219, 097
218, 083
199, 755
194, 676
229, 163
217,411
211,230
243 635
224, 826
216 075
235 756
182, 704
166 083
96, 887
59, 988
.192
109, 016
66, 755
.195
118, 602
80, 090
.194
128, 114
73, 078
.194
107, 732
68, 183
.187
104, 438
66, 197
.186
94, 695
64, 702
.188
83 164
67, 247
.191
119 559
67 093
.185
117,979
23, 615
134,717
19, 952
116, 346
27, 279
124, 476
2
23, 763
119,803
2
25, 467
125,781
2
28, 390
104 407
2 26, 428
112 569
2
23, 484
105 024
2
25 580
79 699
24 252
.283
.270
.267
.273
.273
.273
.273
.273
.273
.273
.273
160, 463
104, 414
164, 422
96, 260
182, 323
108, 083
186, 148
106, 657
178, 888
122, 760
172, 515
119, 826
168, 263
2
128, 537
187,778 159, 921
2
150, 179 2 158, 191
182, 210
145, 034
188 782
154, 234
121 993
2
138' 949
118,024
41, 182
76, 842
121, 584
45, 042
76, 542
114, 934
42, 925
72, 009
107, 498
43, 390
64, 108
103, 132
43, 448
59, 684
93, 633
41,811
51, 822
109. 796
45, 017
64, 779
104, 023
44, 363
59, 660
133,311
54, 072
79, 239
135 089
53, 096
81, 993
143 397 r r149 721
54 443 r 56 336
93, 385
88, 954
124 563
47 208
77, 355
1,894
5,193
271
371
2,962
7,134
366
548
3, 430
7,840
362
586
3, 074
7,520
332
416
3,096
7,350
316
508
3, 662
6,470
329
452
3,290
6,908
414
553
3,215
7,177
364
559
4,281
7,422
483
744
3,265
7,574
427
584
3,247
7 758
403
561
3,903
7 723
415
333
21,680
28, 086
13,371
36, 486
28, 004
9,760
22, 342
28, 824
31,808
18, 073
34, 341
27, 540
9, 396
26, 581
33, 519
37, 352
19, 588
44, 389
27,411
9, 767
27, 773
33, 057
39, 196
21, 132
48, 970
27, 943
9,702
32, 671
32, 893
36, 495
21,281
46, 532
28. 487
10,259
33, 204
33,010
35, 205
20, 344
49, 773
30, 285
9,209
36, 105
34, 394
36, 860
20, 698
53, 782
31,441
11, 353
35, 806
37,195
36, 360
20, 676
51,650
31 , 909
10,478
37, 041
41, 459
44, 185
24, 956
59, 767
38, 899
12, 126
42, 259
39, 448
41,824
23,711
56, 773
38 835
12, 096
47, 846
r 39 876
42 550
22, 636
r
61 731
38 444
11 820
r
48, 749
41 806
42 273
21,231
56 118
39 136
11 662
47, 143
r
2
2
2
2
43 003
3.15
p. 135
0
i 342, 795
22 197
21,181
50, 740
44, 613
15, 361
15, 321
2,341
4, 550
3.35
387 527
Pl.81
p.273
PAINTS, VARNISH, AND LACQUER §
Factory shipments, total
Industrial sales
Trade sales
_ _
_ _ _
thous. of dol
do
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes _ _
_ _ .__thous. of lb_.
Molding and extrusion materials
do
Nitrocellulose sheets, rods, and tubes
do
Other cellulose plastics
do
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
Alkyd resins
Rosin modifications
M iscellaneous resins
do
do
do.. _
. -do ,
do
do
do
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial) , total t
mil. of kw.-hr
Electric utilities, total
do
By fuels. _ _ __
_
_ . _ d o ....
By water power
.
do
46, 026
40, 133
31, 379
8,754
47, 196
41, 182
32, 844
8,338
45, 489
39, 539
31, 737
7,802
46, 725
40, 459
32, 625
7,834
46, 440
40, 209
32, 093
8,116
49, 890
43, 449
34, 402
9, 047
50, 404
43, 955
34, 526
9,429
46, 269
40, 230
31, 659
8,571
51, 153
44 449
34, 051
10, 399
48, 376
42 035
31, 567
10, 468
49, 939
43 354
33, 539
9 815
50, 725
44 234
34 525
9 709
50, 924
46 625
37 275
9 350
Privately and municipally owned utilities
do
Other producers (publicly owned)
. do
33, 301
6,832
34, 288
6,893
32, 969
6,570
33, 986
6,473
33, 881
6,329
36, 308
7,140
36, 294
7,661
33, 230
7,000
36, 248
8,201
34, 257
7,778
35, 326
8,028
36, 012
8 222
37, 848
8 777
Industrial establishments, total
do
Byfuels...
_
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
5,893
5,565
328
6,014
5, 697
317
5,949
5,652
297
6,266
5,934
332
6,231
5,861
370
6 441
6,020
421
6 448
6, 139
309
6 039
5,742
296
6 703
6,375
329
6 341
6,017
324
6 585
6,277
308
6 490
6 204
286
6 299
6 052
247
33, 894
35, 061
35, 198
35, 148
35, 392
37 092
38, 198
37, 654
38 283
38, 140
38 127
38 850
6,499
16 343
6, 668
17,060
6, 659
17 172
6,379
17 553
6,141
17 694
6,279
18 250
6,384
18,414
6,311
18, 133
6,269
19 253
6,225
19 496
6 240
20 248
6 586
20 778
Railways and railroads
do
350
437
351
349
399
364
391
440
374
416
370
365
8,425
Residential or domestic
_
do.
8, 723
8,588
9,200
8,740
10, 203
11,071
10, 958
10 375
9 917
8 975
9 208
Rural (distinct rural rates)
do
1,170
1,236
1,118
895
720
637
601
605
719
928
958
'879
282
Street and highway lighting
_ _ do
328
421
305
364
389
417
379
371
334
314
296
Other public authorities
do
773
801
804
813
822
798
829
820
830
817
837
822
52
Interdepartmental
do
52
44
51
49
46
40
48
50
52
51
49
Revenue from sales to ultimate customers (Edison
Electric Institute) |
thous. of doL. 604, 006 616, 891 621, 259 618, 463 620, 428 644, 528 660, 153 655, 779 651,058 644, 841 639,059 647, 704
r
2
Revised.
*> Preliminary.
1 December 1 estimate of 1954 crop.
Beginning January 1955 excludes quantities held by consuming factories, Comparable data for December 1954
units as above): Margarine, 26,960; shortening, 119,597.
° September 1 estimate Of 1955 crop.
d"Revisions for 1952 for linseed oil and soybean oil and for September 1951-September 1952 for margarine will be shown later.
§Revisions for 1952 appear in the September 1953 SURVEY; those for 1951 will be shown later.
{Revisions for January-April 1954 for production and for January-March 1954 for sales will be shown later.
SUEVEY OF CUEEENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-27
1954
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
ELECTRIC POWER AND GAS—Continued
GAS
Manufactured and mixed gas (quarterly ):c?
Customers end of Quarter total
thousands
Residential (incl house-heating)
do
Industrial and commercial
do
Sales to consumers total
mil of therms
Residential (incl house-heating)
do
Industrial and commercial
do
Revenue from sales to consumers total thous of dol
Residential (incl house-heating)
do
Natural gas (quarterly) :cf
Customers end of Quarter total
Residential (incl house-heating)
thousands
do
Sales to consumers total
Residential (incl house-heating)
Industrial and commercial
mil of therms
do
do
\ • -i f- •
p^ -3
T A
t
1
c\
i V
'
h
t'^ ' >
^ ' }
'
do
do
r
5, 835
' 5, 412
r
5 741
' 5,318
421
420
-•847
r
T
r
T
r
r
540
283
252
78, 104
53, 422
24 258
r
21, 240
r 19, 628
r
1, 588
* r 11,338
r
r
r
1. 588
>- 9, 036
414 570
167, 027
31,295
552
r
289
5,510
5,097
409
1,210
879
323
115 786
r 84, 816
r
30 345
155, 784
' 22, 159
' 20, 398
r
1, 734
' 15, 352
r
4, 723
r
9, 780
r
695 511
r
386 598
r
288, 052
22, 498
20, 672
1 799
19, 565
8 715
10, 159
1 021 488
658 033
344, 245
118,446
36, 572
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Fermented malt liquors:
' 9, 303
5,772
8,370
6,176
8.913
8, 967
9, 394
8,284
5,638
6, 216
6, 486
6, 986
7,899
Production
thous of bbl
r 8, 888
6,142
8,112
8, 608
7,996
8, 460
7,187
5,330
6,475
6, 902
5,388
6, 440
7,138
Tax-paid withdrawals
do
11,391
10, 074
'11,657
11,380
11,278
11,627
10,816
9,573
9,647
9,162
9, 506
10, 193
10, 779
Stocks end of month
do
Distilled spirits:
9,523
9, 391
13, 421
13,753
8,747
26, 958
13, 155
14, 962
13, 267
21, 586
16, 024
15, 787
15,671
Production
thous. of tax gal
Consumption, apparent, for beverage purposes
13, 780
14,217
13, 753
15, 505
1 2, 949
23, 008
15,803
19, 541
16, 130
16, 915
15,768
12,333
17, 792
thous of wine gal
9,604
15,722
9, 805
10, 951
13,774
8, 654
15,883
10, 825
11,419
13, 403
10,007
13, 487
10, 667
Tax-paid withdrawals
thous. of tax gal
863, 5f3 861,034 854, 556 848, 142 844,415 840,716 842, 588 843, 285 842, 565 844, 138 844, 320 841,496 838, 800
Stocks, end of month
do
1,389
1,734
2,344
3,151
1,983
1,307
1,374
2,444
1,496
1,783
2,006
1,802
Imports
thous of proof gal
Whisky:
5,741
9, 263
5, 550
8,915
5, 057
8,239
6, 355
11, 578
9,073
10,725
10, 286
10, 122
9,470
Production.
_
thous. of tax gal
4,129
4, 526
8,610
4,742
4,898
8,907
6, 567
5, 609
6,022
7,292
5,181
5, 361
7,027
Tax-paid withdrawals
_
do
721,
020
712,017
715,
550
715,
861
719,
114
710,
071
716,
078
710,970
708,
242
713,
985
709,
665
707,
355
715,191
Stocks end of month
do
1,288
2,891
1,816
1,162
1,316
1,8-34
2,123
1,560
1,620
1,613
1,258
2,209
Imports
thous. of proof gal
Rectified spirits and wines, production, total § t
5,457
5, 992
5,304
10, 036
5,652
7,776
7,164
6 224
9,821
6 332
4,701
5,485
7, 852
thous of proof gal
4,825
8,910
5, 310
4,909
4,012
4,506
8,868
6,810
6,445
4,907
5,500
6,957
5,718
Whisk v
do
Wines and distilling materials:
Sparkling wines:
59
118
70
49
85
160
143
117
178
266
212
227
105
Production t
thous of wine gal
67
78
159
192
112
107
83
229
97
158
108
137
108
Tax-paid withdrawals^
do
1,458
1,175
1,072
1,259
1, 56T
1 036
1, 335
1,477
1 401
1,420
1,333
1 304
1,446
Stocks end of month t
do
29
108
53
35
79
51
51
42
33
30
29
Imports
do
127
Still wines:
936
728
3,398
65, 505
20, 795
1,926
26, 985
1,945
3. 628
1,281
1,267
1,317
1,620
Production t
_
do
9,072
11,809
12, 299
12, 726
' 9, 999 1 10,123 1 13, 167 i 10, 979 i 10, 174 1 10, 842 i 8, 929
9,873
Tax-paid withdraw alst_ .-.
. do
12, 698
130, 885 123,334 139, 287 195, 813 202, 620 192, 400 1 182, 237 1 172,024 1 160, 347 i 150,427 i 140, 946 1 128, 475 1 122, 153
Stocks, end of month t
do
332
424
792
544
402
364
526
513
539
555
733
410
Imports
do
1.590
61,975 119, 756
3,204
40, 197
1,938
9,020
626
1,737
6, 212
900
1,530
606
Distilling materials produced at wineries!
do
DAIRY PRODUCTS
Butter, creamery:
129,685 109, 355
92, 600
87, 825
86, 835
96, 975 107, 240 1 01 , 750 119,380 127,980 156,980 152, 915 125, 290
Production (factory) t _ . _ .. _ _ thous. of Ib
503, 921 508, 476 488,618 463, 183 423, 347 378,610 341, 655 314,568 311,462 293, 203 308, 154 334, 501 ••352,139
Stocks, cold storage, end of month .._
.
_ _ do
.578
. 601
.595
.579
.600
.579
.583
.579
.578
.581
.608
.579
Price, wholesale, 92-score (New York) --dol. per lb_.
.578
Cheese:
127, 180 109, 575
91,815
85, 690
82, 530
93, 295
89, 370
90, 400 110,940 126,430 161,610 157, 330 128,310
Production (factory), total t _
_ -thous. of Ib
100, 160
84, 005
67, 135
60, 540
57, 180
64, 085
80, 760
96, 680 1 28, 980 126,000 100, 000
63, 450
61 150
American, whole milkt
do
607, 993 613, 238 613,146 595, 953 579, 933 548, 850 522, 676 499, 742 493, 433 501,090 527, 739 581, 168 r 597, 985
Stocks, cold storage, end of month, total
do
572, 290 578, 765 580, 089 564, 533 549,511 518,879 492, 833 470, 092 462, 949 467,671 493, 909 r 542, 609 * 561, 482
American, whole milk _ _ _ _ _
d o
2,562
2,934
4,972
6,664
4,558
3,509
3,502
5, 109
4,195
3,453
5,111
Imports
do
3 708
Price, wholesale, American, single daisies (Chi.371
.372
.379
.369
.376
.378
.370
.374
.370
.368
.368
.370
.368
cago)
dol per Ib
Condensed and evaporated milk:
Production, case goods :J
1,950
2, 570
1,930
2,175
1,560
2 150
2, 625
Condensed (sweetened) _.
_ -thous. of Ib
3, 025
2, 950
2, 175
2, 030
1,725
2,140
265, 000 239. 500 188, 000 158,750 151, 250 154, 500 364,000 174, 800 230, 350 256, 500 326, 250 303 750 256, 750
Evaporated (unsweetened)
- do
Stocks, manufacturers', case goods, end of month:
4,723
5.113
5,134
4,762
4,934
3, 895
4,775
3,773
4, 569
Condensed (sweetened)
thous. of lb__
6,457
5, 783
5, 526
5, 570
381, 143 410, 355 410, 170 355, 473 290, 624 206, 519 143, 494 104,537
Evaporated (unsweetened)
.
__.
do
97, 640 135,026 258, 438 357, 514 412,415
Exports:
89
{)
164
267
27
453
Condensed (sweetened)
do
52
200
38
53
19
81
13, 120
11,923
8, 307
10, 488
10, 526
18,061
Evaporated (unsweetened) _
. do
16,612
11,373
9,866
14, 079
10.205
Price, wholesale, U. S. average:
5.50
5. 54
5. 55
5.56
5. 56
5.56
5 57
5. 56
5.56
5.57
Evaporated (unsweetened)
_ dol. per case
5.57
5 57
5 57
Fluid milk:
11,558
10, 47 1
9,021
8,474
9, 369
8 841
9 105
8 884
11 264
12 665
10 447
Production t
mil of Ib
13, 088
11 704
4,542
3,044
3, 904
3, 272
2,960
3,249
Utilization in rnfd. dairy products _ _ .
do
4,485
4 449
3, 520
3, 396
5 591
4, 095
5 415
4.72
4, 82
5.01
4.98
Price, dealers', standard grade
dol. per 100 Ib
4.96
5.03
4.93
5.03
4.84
4.80
4.69
4.71
4.68
Dry milk:
Production :J
7, 17a
8,730
6, 800
6,640
Dry whole milk
___
--thous. of Ib
6,100
7,100
7, 250
6,400
10 450
8 275
8 700
8 150
10 125
Nonfat dry milk solids (human food)
. do
112, 250
83, 500
65, 775
66, 250
65, 350
84, 800
95, 400
90, 400 112,000 130, 250 169, 450 157 000 111, 100
Stocks, manufacturers', end of month:
12, 910
8,415
9,624
10, 783
Drv whole milk
do
8 615
8 245
6 712
8 238
7 678
7 477
10 773
12 281
9 067
54, 159
43, 804
Nonfat dry milk solids (human food).
_do
91, 505
71. 584
40, 796
5s! 826
51, 250
64, 126
60, 918
88, 341 125 861 150 162 140, 501
Exports:
Dry whole milk
_
______
do
2,821
2,243
4,178
4,286
3,724
3 130
4 626
2 982
3 616
3 196
3 111
3 830
Nonfat dry milk solids (human food)
do
4,782
10,445
5,354
6,054
8,080
25, 699
13, 830
35 616
22 455
2,617
32* 575
2 060
Price, wholesale, nonfat dry milk solids (human
.151
.154
.145
.153
.154
food), U. S. average
dol. perlb...
.155
.154
.154
.152
.153
.153
.153
.153
T
Revised.
1 Data include vermouth and aperitif wines other than vermouth,
d* Re visions for 1953 and for the 1st and 2d quarters of 1954 are available upon request.
§Data beginning July 1954 exclude production of wines and vermouth; for July 1953-June 1954 such production totaled 41,000 gallons.
{Revisions for July 1952-March 1953 for rectified spirits, etc., and wines and distilling materials appear in the June 1954 SURVEY; those prior to 1954 for other indicated items
shown later.
326, 387
.582
592, 821
559, 075
. 368
10 616
will be
SURVEY OF CUKEENT BUSINESS
S-28
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 1055
1954
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
June
May
July
August
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (prop estimate)
Shipments, carlot
_.
Stocks, cold storage, end of month
thous. of bu
_no. of carloadsthous. of bu__
Citrus fruits carlct shipments
no of carloads
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous. of Ib
Fruit juices
_ _.do
Vegetables
do
Potatoes, white:
Production (crop estimate)
thous. of bu_.
Shipments, carlot
no. of carloads...
Price, wholesale, U. S. No. 1 (New York)
dol. perlOOlb..
501
162
197
245
834
6,959
3,435
30, 896
2,787
30, 995
i 109 512
2, 886
24, 878
2,471
18, 975
2,413
13, 194
2,498
7,793
2,187
4,114
1,860
1,677
'810
376
6,697
4,743
4,422
5,027
7,269
11,610
9,445
8,678
9,503
9,304
9,731
' 9, 965
336, 630
458, 007
492, 594
374, 543
401, 550
602, 309
399, 606
338, 537
698, 084
413, 657
294, 319
709, 915
399, 410
253, 837
689, 266
377, 950
248, 001
649, 321
348, 163
296, 333
576, 981
309,152
357, 503
505, 428
268,216
386, 726
456, 995
222, 407
451, 283
426, 679
208, 365
513,638
396, 454
12, 549
11, 887
1 4, 864
15, 992
12, 788
i 356, 031
14, 141
18, 281
16, 750
22, 498
20, 865
18, 502
r 24, 758
4.054
4.835
3.089
3.400
3.663
3.698
3.225
3.342
3.750
7.167
6.508
4.131
26, 962
21, 842
29, 743
29, 395
41, 106
35, 658
43, 297
52, 778
29, 690
29, 620
41, 461
16, 321
8,975
10, 311
7,140
9,112
18, 249
24, 067
2 386, 551
26, 258
27,517
165, 805
4,201
27, 141
23, 121
16, 954
32, 809
3,534
4,776
23, 525
» 44, 041
5,369
31, 574
3,761
21, 184
117, 470
5,019
19, 701
1,326
'351
'212
M08,201
224
225
7, 808
6,299
250, 582 r 391,944
492, 970 '417,332
418, 876 ' 482, 917
431,793
364, 899
608, 453
r
2
r
9, 973
392 539
9,475
' 2. 563 p 3. 269
GRAIN AND GRAIN PRODUCTS
Exports, principal grains, including flour and meal
31, 570
thous. of bu
Barley:
Production (crop estimate)
do
8,238
Receipts principal markets
do
Stocks, domestic, end of month:
11, 932
Commercial
do
On farms
do
~"~4~ 927
Exports including malt
do
Prices, wholesale (Minneapolis):
1.456
No. 2, malting
dol. per bu_.
1.323
N o 3 , straight
_ _ _ _ _ do
Corn:
Production (crop estimate)
mil of bu
10, 041
Orindings wet process
thous. of bu
24, 105
Receipts, principal markets
_ do
Stocks, domestic, end of month:
12, 866
Commercial
do
On farms
mil ofbu
5,185
Exports irtclud ing meal
.
thous. ofbu
Prices, wholesale:
1.614
No. 3, yellow (Chicago)
dol. perbu..
1.581
Weighted average, 5 markets, all grades ._ do
Oats:
Production (crop estimate)
mil ofbu
16, 842
Receipts, principal markets
thous. of bu._
Stocks, domestic, end of month:
11,
729
Commercial
do
On farms
do
217
Exports including oatmeal
do
.708
Price, wholesale, No. 3, white (Chicago), dol. per bu__
Rice:
Production (crop estimate)
thous of bags ?
California:
Receipts, domestic, rough
thous. of lb__
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
thous . of Ib _ _
Southern States (Ark., La., Tenn. , Tex.):
Receipts rough at mills
thous. of Ib
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil. of Ib
Exports
thous of Ib
Price, wholesale, head, clean (N. O.)_.dol. per lb._
Rye:
Production (crop estimate)
thous of bu
Receipts, principal markets
do
Stocks, commercial, domestic, end of month___do
Price, wholesale, No. 2 (Minneapolis) .__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:
Canada (Canadian wheat)
do
United States, domestic, totalcf
mil. of bu__
Commercial
thous. of bu
Interior mills, elevators, and warehouses
thous. of bu
Merchant mills
do
On farms
do
Exports, total, including
"Wheat only
flour.
...do
do
28, 856
17, 168
14, 376
i 370,126
10,070
15, 140
20, 050
23, 495
226, 695
2,791
24, 258
26. 946
1,825
1.397
1.290
1.429
1.328
1.454
1.378
1.456
1.364
1.420
1.290
1.441
1.350
1.431
1.413
1. 439
1.342
1.443
1.342
1.421
1.291
1.412
1.290
1.279
'1.180
10, 609
29, 369
10, 918
21, 352
12, 163
21, 371
12, 102
53, 835
i 2, 965
11, 670
30, 975
10, 954
27, 831
10, 836
19, 423
11, 949
15, 530
10. 621
13, 028
11, 524
18, 433
11,912
19, 683
10, 938
17, 535
1.271
1.171
2 3 313
12, 541
30, 689
18, 052
359. 3
3,629
20, 560
50, 873
63, 192
41, 315
27, 323
7,226
9,840
4,784
4,408
36, 803
938.0
5,666
27, 070
3,853
56, 199
1, 410. 0
11,434
46, 385
4,977
60.218
2, 070. 2
9,569
62, 809
6,912
1. 652
1.610
1.639
1.601
1.540
1.522
1.481
1.462
1.522
1.450
1.524
1.448
1.495
1.434
1.463
1.390
1.460
1.439
1.482
1.487
1.473
1.483
1.472
1.490
1.305
1.323
25, 750
10, 638
7,231
7,840
i 1, 500
10, 510
12, 704
8,193
7,159
5,392
6,629
8,371
23, 146
1,636
22, 109
24,900
26, 377
1, 182, 323
345
.758
26,278
19,992
20, 448
20, 499
14, 498
38, 108
779
.851
1,862
.814
1,260
.797
15, 833
249, 507
3,237
.710
23,085
348
.786
17, 886
553, 252
3,061
.771
15, 866
272
.721
11,471
28,807
10, 373
7,676
145, 678
36, 349
93, 881
29, 233
85,457
33, 125
31, 945
28, 489
129, 028
70, 745
125, 049
133, 373
119, 108
101,451
142, 168
93, 542
133, 772
117, 056
89, 733
59, 811
23, 349
43, 754
13, 287
11, 861
66, 674
96, 857
117,630
109, 027
127, 276
85, 952
67, 491
72, 047
47, 693
49, 203
17, 510
447, 848 1, 113, 665
172, 842 216, 034
721,412
197, 656
173, 728
121, 645
62, 941
98, 056
50, 954
113, 344
61,315
112,015
58, 409
133, 727
18, 276
115, 091
10, 437
88, 903
15. 054
65, 285
12, 660
71, 627
14, 831
3
3,214 ~~"~3,~ 160
20, 055
922, 637
701
.839
2
1,782 ~~~~1~527
.712
.708
3
i 58, 853
36, 656
29, 573
35, 968
48, 217
118, 490
272.0
42, 229
.086
361.3
74, 435
.075
821.8
112, 973
.074
1,071.8
98, 694
.083
1, 049. 6
61, 983
.094
987.9
44, 623
.094
916.5
42, 515
.094
784.8
25,011
.094
653.8
112,005
.094
610.1
75, 114
.105
599.2
123, 393
.113
495.9
76, 788
.113
389.4
1,006
11, 708
1.250
1,310
12,115
1.275
853
12, 047
1.428
1,042
12, 161
1.370
1,108
11,662
1.321
i 23, 688
921
10, 910
1.300
1,296
8,984
1.420
419
9,374
1.396
206
8,779
1.322
282
8,498
1.246
291
6,679
1.233
858
6,496
1.142
2,877
8.673
1.042
105, 576
54, 867
379, 215
365, 638
394, 609 "414," 580
20, 896
17, 379
17, 952
14, 960
i 969. 8
i 179. C
i 790.7
25, 923
211, 230
.578
2 48, 745
.113
P. 093
2 28, 448
9,138
1.046
45, 199
196, 545
101, 574
2 916. 8
2 227. 4
2 689. 4
57, 958
335, 421 334, 158 337, 675
1, 676. 6
422, 772 ~~4l3~494 ~~387,~l59
354. 877 357, 151 348, 267 333, 891 328, 052 322, 419 340, 896
1, 465. 9
1, 214. 5
3 1, 020. 0
374, 369 ~"366~942 " "356," 237 351, 913 "351," 749 ~~364~462 3 380, 409
360, 443
372, 783
539, 152
158, 981
429, 474
518, 051
126, 382
315, 689
47, 508
' 195, 878
15, 075
12, 074
29, 456
20, 924
17,082
22,438
21, 603
17, 527
26, 193
22, 331
28, 032
19, 823
27, 482
252, 208
24, 105
38, 436
430 732
101, 475
207, 920
24, 455
21, 036
27, 924
23, 846
33, 109
28, 184
427,"416 "~4447 682
3 398, 633
3 60 144
3 38, 241
19, 498
14, 373
18, 904
14, 745
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2 729
2.643
2.578
2.747
2.708
2.695
2.758
dol. per bu__
2.756
2.708
2.742
2.668
2.324
2.411
2.352
2.439
2.389
No. 2, hard winter (Kansas City)
do
2.465
i. 443
2.410
2.456
2.461
2 531
1.967
2.101
2.147
2.266
2.162
No. 2, red winter (St. Louis)
do
2.280
2.338
2.230
2.205
2.204
2.278
2.358
2.578
2.672
2.678
2.659
Weigh ted avg., 6 markets, all grades
do
2.646
2.635
2.610
2.603
2.593
2.666
2
' Revised.
* Preliminary.
*• Estimate of 1954 crop.
September 1 estimate of 1955 crop.
3
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
* No quotation.
9 Bags of 100 Ib.; prior to the October 1953 SURVEY, data were shown in thous. of bu. of 45 Ib.
cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the
(4)
26, 798
22, 383
2.734
2.190
1.948
2.428
2.621
2.160
1.968
2.262
2. 478
2.151
1.945
2.397
breakdown of stocks.
SURVEY OF CURRENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplemen t to the Survey
S-29
1954
July
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
June 1
July
17 587
82.5
355 529
41, 003
August
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous. of sacks (100 Ib.)
Operations, percent of capacity. _
Offal
short tons
Orindings of wheat
thous. of bu
Stocks held by mills, end of quarter
thous. of sacks (100 Ib.)
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (100 lb.)_.
Winter, hard, short patents (Kansas City). -do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. of animals
Cattle
do
Receipts principal markets
do
Shipments feeder to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicaeo)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves, vealers (Chicago)
do_ .
Hoes:
Slaughter (federallv inspected)
thous. ofanimals__
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. perlOOlb..
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog..
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals..
Receipts, principal markets
do
Shipments feeder to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago) .. _ dol. perlOOlb
Lambs, feeder, good and choice (Omaha) ...do. .
MEATS
Total meats (Including lard) :
Production (inspected slaughter)
mil of Ib
Stocks (excluding lard), cold storage, end of month
mil. o f l b _ .
Exports
do
Beef and veal:
Stocks, cold storage, end of month
do
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs) (New York)
dol. per Ib
Lamb and mutton:
Stocks, cold storage, end of month
_
do
Pork, including lard, production (inspected slaughter)
Pork, excludins: lard:
Production (inspected slaughter)
_ . do
Stocks, cold storage, end of month_
_ _ _ do...
Exports
do
Prices, wholesale:
Rams, smoked, composite
_ ... _ dol. per Ib
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production (inspected slaughter)
thous. ol l b _ _
Stocks dry and cold storage end of monthf
do
Exports
do
Price, wholesale, refined (Chicago)
dol. per l b _ _
18, 022
77.2
361, 956
41, 902
18, 786
80.4
380, 751
43, 752
19, 733
88.2
397, 086
45, 846
19 688
88.0
397 719
45, 805
19 216
85 9
387 185
44 656
19 174
78 3
382 85P
44, 524
19 156
85 6
384 216
44 567
17 714
83.1
356,211
41, 186
19, 884
81.1
394 156
46, 104
17 428
78 1
347 874
40, 443
17 523
78.4
349 892
40, 691
18 470
78.8
371 280
42, 944
1,510
1,284
5,232
1,288
1 649
1 749
4,661
1 658
1 467
1,750
4,713
2,114
2,199
1,785
4,111
1 895
6.960
6.050
6.685
5.995
6. 830
6.175
6.925
6. 295
6.940
6.235
6. 910
6. 325
6.755
6.205
6.650
6.025
6. 805
6.095
6.645
6.060
6,990
6.225
6.800
6.030
640
1,622
2,298
649
1, 635
2,736
706
1,638
2,878
738
1,616
2, 993
694
1, 602
2,980
639
1,583
2,177
563
1,521
2,322
660
1,524
2,086
588
1,560
2,277
646
1,797
355
171
236
149
550
1,524
1, 957
212
596
1,452
2,040
611
1,641
2,122
294
517
1.313
1,767
23.47
16.12
20.00
23.71
17.88
21.75
25.00
18.10
22.00
25.42
18.84
22.50
26.11
19.63
20,00
26.21
19.23
21.00
26.12
20.40
27.00
24.46
20.46
29.00
24.12
21.28
25.00
23.36
21.25
26.00
22.18
20.01
24.00
22.15
19.03
23.00
22.52
18.19
22.00
22.33
17.69
* 23. 00
3,325
1,900
3,852
2,251
4,743
2,496
5,178
2,746
5,841
3,308
6,119
o q-j e
5,519
3,183
4,638
2,587
5,491
2,924
4. 472
2,473
4,164
2,337
3,713
2,140
3,428
1,929
4,475
19.75
20.50
19.51
18.66
18.39
16.97
16.51
15.91
15.90
16.48
16.39
17.54
16.12
15.31
13.6
13.8
12.9
12.7
13.5
12.2
12.1
11.7
11.3
12.2
11.7
13.1
11.9
12.1
1,209
1,140
1,207
1,391
1,290
1,806
1,160
1,323
1, 167
1,192
1,223
1,334
1,180
1,302
248
156
1,076
1,043
120
1,228
1,246
1,205
1,110
226
1,244
1,166
185
1,080
1,029
1,239
631
1,291
1,841
19. 50
17.67
19.50
17.46
19.38
17.50
19. 75
17.70
19.25
18.05
20.88
20.22
21.75
20.75
22.75
20.97
21,50
19.83
23.00
23.50
21.12
0)
0)
20.75
2 17. 60
1,641
1,673
1,796
1,897
2,026
2,120
1,993
1,665
1,962
1,736
1,760
1,753
530
48
467
43
443
41
477
65
638
78
800
81
844
75
837
69
835
65
822
74
740
55
614
51
920, 803
122, 333
2,198
919, 606
126, 183
1,65C
917, 746
121, 290
3,07£
924, 790
137,159
2,346
901, 498
177, 078
3,280
912 239
208, 380
6,718
883 371
193, 580
6,993
760. 473
166, 014
6, 443
890, 867
154, 349
3, 369
844, 205
143, 849
1,934
901 574
130, 593
2,547
174
100
21.25
0)
.417
314
.414
540
939
539
815
344
135
272
113
' 6. 755 P 6. 150
v 5. 77
6.030
169
96
147
0)
1,596
r
529
447
952 637 878, 641
117, 362 '115,238
2,188
119, 027
.438
.443
.450
.455
.460
.449
.435
.417
.402
.398
.395
.405
52, 385
7,780
53, 001
7,867
55, 324
7,359
56 119
7,741
52 466
8,518
54 704
9,714
58 810
8,767
53, 174
8,743
61,429
9,089
56, 802
9,677
57 606
9,957
52 892
8,851
47 030
r 8, 597
8,851
667, 645
700, 693
822, 728
915 733 1 071 719 1 153 238 1 050 606
851 694 1 009 567
834 963
800 728
747 208
670 129
491, 002
283, 541
5,422
526, 732
228, 738
3,77S
622, 033
215, 057
2,719
681, 669
233, 612
4,995
799, 131
340, 874
6,692
843, 809
448, 645
4,037
771, 981
504, 624
4,843
628, 102
530, 537
6,476
749, 899
543, 929
6,244
618, 489
539, 434
6,344
587, 211
477, 028
5.969
549, 989
375, 741
5, 491
.611
.598
.630
.534
.553
.513
.521
.450
.546
.459
.556
.412
.536
.431
.479
.425
.479
.422
.506
.453
.525
.508
129, 394
58, 065
29, 808
.205
127, 058
47, 818
29, 047
.213
146, 772
50, 460
25, 344
.208
171, 156
51, 349
46, 022
.185
198, 822
75, 1 60
55, 013
.190
225, 859
104, 125
57, 324
.173
203, 886
124, 391
54, 807
.163
163, 743
137, 882
47, 253
.153
189,884
137, 357
46, 056
.156
158, 080
140, 352
56, 492
.168
156, 320
144 149
36, 591
.148
42, 779
141, 651
47, 532
146, 651
55, 555
188, 417
64, 612
275, 192
74, 024
291, 504
64. 744
269, 863
40, 480
251, 296
36, 267
211, 258
39, 349
162, 472
40, 666
127, 549
48, 999
107, 309
494, 676
297, 962
218, 312
.540
.564
.534
.472
P. 538
.458
144, 297
133. 394
32, 365
.155
128, 545
117, 578
r
.155
T. 132
50, 411
46, 646
97, 960 ••101,942
55, 937
120, 196
POULTRY AND EGGS
Poultry:
Receipts, 5 markets
thous. of l b _ _
Stocks, cold storage, end of month... _
do
Price, wholesale, live fowls, heavy type, No. 1
(Chicago)
dol per Ib
Eggs:
Production, farm
_ _ _ _ _ _
_ _ millions
Dried eg? production
thou^ of Ib
Stocks, cold storage, end of month:
Shell
thous of cases
Frozen
thous of Ib
Price, wholesale, extras, largo (Chicago)
dol. per doz._
.165
.185
.175
.160
.180
.175
.188
.243
.280
.240
.253
.245
.245
p. 215
4,850
1,869
4,648
1,215
4,694
5 T 085
5,166
5, 589
1, 336
5,771
1,919
5, 518
1,902
6,584
2,357
6,529
2,932
6,440
2,913
5,701
3, 292
5,285
2,643
4,895
1,435
180, 777
1,031
160, 797
833
138, 784
636
117, 958
325
74, 928
235
268
94, 658
66, 245
62, 517
479
1,183
125, 833
2,088
170, 933
2,292
193 888
r
2, 244
194, 706
1, 678
180,023
.397
.398
.427
.409
.381
.317
.334
.422
.373
.346
.369
' .370
.464
953
792
900
193
83, 672
.410
r
MISCELLANEOUS FOOD PRODUCTS
48, 719
65, 541 103, 120 101, 740 115, 330
99, 814
83, 644
62, 435 r 65 623
85, 277
76, 950
84, 645
Confectionery, manufacturers' salest
thous of dol
47 134
Cocoa or cacao beans17, 485
12, 516
11, 861
14, 591
17, 024
27, 181
22, 494
14 339
18, 874
26 268
19, 264
19 720
Import^ (incl. shells)
long tons
.689
.678
.537
.471
.475
.400
p. 31 7
.468
.488
.375
Prices, wholesale, Accra (New York)
dol. per lb_.
.365
.518
.381
.370
Coffee:
599
522
932
818
1, 629
923
1, 082
Clearances from Brazil, total
thous. of bags
578
723
918
1 356
943
996
497
119
493
266
363
1, 170
424
630
To United States
do
228
490
645
322
829
941
820
765
695
793
799
729
Visible supply, United States
do
776
517
520
546
490
492
980
878
871
660
1,242
2,084
1,694
Imports
_
_
do
1,338
1,353
1,775
1,357
1,473
Price, wholesale, Santos, No. 4 (New York)
.883
.718
.700
. 755
.720
.685
.670
dol. per lb._
.583
.580
. 5.50
.545
.545
.585
.535
r
2
Revised.
v Preliminary.
1 No quotation.
Price for 2 weeks (Aug. 22-Sept. 2).
fRevised series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing factory and warehouse stocks of rendered and refined lard; data prior to June 1952
will be shown later.
JRevisions for 1952 and January-May 1953 are shown in the August 1954 SURVEY.
SURVEY OF CUERENT BUSINESS
S-30
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 1955
1954
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS-Con.
Fish:
Landings, fresh fish, 5 ports
thous. of Ib
Stocks, cold storage, end of month
do.. .
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons._
United States:
Deliveries and supply (raw basis) :
Production and receipts:
Production
short tons
Entries from off-shore
do
Hawaii and Puerto Rico
do
Deliveries total
do
For domestic consumption
do
For export
do
Stocks, raw and refined, end of month
thous of short tons
Exports
short tons
Imports:^
Raw sugar, total
do
From Cuba
do
From Philippine Islands
do
Refined sugar total
do
From Cuba
do
Prices (New York):
Raw, wholesale
dol. per lb._
Refined:
Retail 9
dol. per 5 Ib
Wholesale
_
dol. per Ib
TPQ, imports
thmis.oflb
TOBACCO
Loaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter total
mil of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil of Ib
Foreign grown:
Cigar leaf
do
Cigarette tobacco
do
Exports including scrap and stems
thous of Ib
Imports including scrap and stems
do
Manufactured products:
Production manufactured tobacco, total
do
Chewing, plug, and twist
do
Smoking
do
Snuff
do
Consumption (withdrawals):
Cigarettes (small):
Tax-free
millions
Tax-paid
do
Cigars (large) tax-paid§
thousands
Manufactured tobacco and snuff, tax-paid§
thous of Ib
Exports, cigarettes
millions
Price, wholesale, cigarettes, manufacturer to wholesaler and jobber, f. o. b. destination
dol. per thous..
84, 605
163, 697
73, 274
190,538
47, 478
202, 228
48, 307
204, 722
35, 270
206, 437
25, 716
194, 338
20, 787
175, 001
27, 170
150, 471
33, 068
127. 477
41,507
122,669
54,490
128, 899
69, 786
139, 582
88, 396
168, 017
183, 764
3,607
3,262
2,812
2,637
2,447
2,037
1,888
2,513
4,288
4,688
4,478
3, 988
3,638
3,132
44, 495
544, 041
159, 787
772, 899
770, 119
2,780
96, 464
759, 214
228, 846
793, 324
792, 922
131,000
471, 248
200,094
790, 762
786, 379
4,383
601, 213
426, 594
283, 327
642, 776
642, 462
314
797, 114
202, 728
134, 861
629, 590
626, 133
3, 457
549, 214
215, 486
146, 234
671, 196
669, 122
2,074
149, 465
317, 409
29,065
569,000
567, 000
2,468
43, 747
443, 730
102, 247
572, 995
569, 723
3,272
55, 429
558, 851
171, 995
711,171
706, 617
4,554
48, 992
630, 496
208, 785
625, 097
619, 459
5,638
1,239
1,108
1,748
1,889
1,753
1,612
467
1,781
351
690
1,823
439
1,261
1,927
439
929
474
604
411
285, 305
165, 368
115, 160
64, 165
60, 609
333, 189
231, 782
96, 432
40, 555
39, 455
282, 688
160, 492
86, 036
2,585
155, 555
120, 246
35, 309
2,492
118, 165
77, 843
29, 774
323, 786
130, 787
189, 845
38,816
38, 371
301, 645
164, 425
133, 580
40, 764
40, 552
.062
.061
.060
.059
.502
.086
5,786
.500
.086
5,735
.502
.085
7,114
.498
.086
6,599
402
540
640
37,866
45, 901
634,000 476, 796
234, 789 173, 424
697, 094 ' 823, 025
681, 204 ' 820,
274
5,890 r 2, 751
r
1,329
611, 799
212, 814
844, 425
843, 384
1,041
1, 123
583
541
101, 453
87, 990
3,051
679
50
329, 562
263, 644
65, 840
23, 063
14, 144
303, 089
229, 478
73, 610
42, 861
30, 933
344, 404
256, 507
87, 894
68, 783
54,288
300, 954
204, 315
92 960
46 308
45,905
.062
.060
.060
.060
.058
.059
.060
.060
.061
p. 060
.498
.085
7, 175
.497
.085
8,494
.498
.085
10, 198
.497
.085
10, 225
.494
.084
15. 459
.495
.084
7,842
.495
.084
7,615
.496
.084
4,366,
.496
.084
J>.084
859
103
418
613
2
i 2, 236
4,242
4,774
321
301
376
367
3, 755
4,269
4.233
3,845
17
149
17
186
19
191
2 259
4,402
' 4, 819
18
173
28, 964
8,280
29, 262
10, 300
59, 066
9,849
98, 549
8,856
58, 315
8,969
39, 278
7,640
30, 927
8,699
28, 033
8,482
3f>. 867
9.594
18, 643
8,864
21, 269
9,390
25, 199
10,831
14, 557
6,411
5,962
2,184
18, 363
7,196
7,612
3,555
18, 866
7,105
8,361
3,399
18, 252
7,021
8,214
3,017
16, 983
6, 857
6,933
3,193
14, 556
5,689
5,764
3,104
16, 251
6,536
6,516
3,199
15,698
6,012
6,377
3,309
18,618
7, 253
7,653
3,711
16, 636
6,455
6, 832
3,349
17, 886
6,896
7,641
3,349
18, 110
7,363
7,140
3,606
12,763
5,468
5, 233
2,062
2,759
28, 959
434, 978
2,501
34, 568
526, 817
3,395
31, 964
503, 475
2,472
31, 593
501, 498
3,298
29, 699
573, 184
2,805
26, 651
425, 958
2,644
30, 438
408, 334
2,516
28, 655
399, 885
2,672
33, 695
467, 522
2,399
28, 788
445, 701
2,339
34, 498
516, 022
2,723
35,648
510, 219
2,369
28, 561
414 250
14, 275
1,273
17, 902
1,006
18, 487
1,200
17, 219
1,342
16, 790
1,432
14, 842
1,399
15, 924
1,109
14, 968
1,447
18,242
1,243
16, 320
1,208
17, 308
1,169
17, 555
1,275
13, 021
3,938
3.938
3.938
3. 938
3.938
3.938
3.938
3.938
3.938
3.938
3,938
3.938
3.938
* 3. 938
.450
.135
p. 475
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 Ib
dol. perlb..
Hides, steer, heavy, native, over 53 Ib
__.do
10, 491
161
38
2,163
1,538
10, 842
63
46
2, 265
2,213
8,879
106
13
2.414
1,097
8,713
142
23
1,876
909
9,560
147
109
2, 365
901
7,125
55
45
1,836
628
9,227
91
51
2,513
986
9.217
117
58
1,701
1,576
16,806
83
43
2,422
5, 082
8 336
101
9
2,453
1,079
14, 952
105
30
3,216
2,575
13 309
130
19
2,158
2,712
.425
.123
.350
.133
.300
.123
.325
.113
.350
.123
.325
.098
.325
.108
.375
.108
.400
.105
.490
.118
.425
.108
.400
M20
628
1,647
2,087
1,613
782
2,012
2,128
2,320
730
1,963
1,928
2,036
786
2,017
1,962
1,873
943
2.074
2,083
1,959
983
2,192
2,190
1,923
956
2,109
2,197
1,923
945
2, 085
2,171
2,117
1,019
2,325
2, 433
2,144
882
2,148
2,186
2,143
••863
' 2, 169
2,227
2,266
886
2,222
2,389
2,243
90
39
2,728
23
37
3,183
33
6
3,723
50
18
3,360
66
48
3,592
61
39
3,574
34
19
3,224
32
20
3,418
102
73
4,032
99
33
3,989
71
88
2,833
67
19
3,334
.670
.650
.635
.628
.600
.595
.595
.600
.595
.600
.605
.603
.603
P. 595
.988
.955
.908
.863
.898
.877
.870
.893
.910
.930
.950
.920
'.942
p. 987
r. 137
LEATHER
Production:
Calf and kip
_ thous. of skins. Cattle hide
..thous. of hides..
Goat and kid
.
thous. of skins _
Sheep and lamb
do
Exports:
Sole leather:
Bends backs, and sides
thous. of Ib
Offal, including welting and belting offal.
do _.
Upper leather
_._thous. of sq. ft_.
Prices, wholesale:
Sole, bends, light, f. o. b. tannery
dol. per lb-_
Upper, chrome calf, B and C grades, f. o. b. tannery--.
__.dol. per sq. ft._
'Revised.
P Preliminary.
i Estimate of 1954 crop.
2 September 1 estimate of 1955 crop,
d"Revisions for 1952 are shown in the April 1954 SURVEY.
9 Data represent price for New York and Northeastern New Jersey.
§Revised to represent data based on number of stamps used by manufacturers; revisions prior to May 1952 will be shown later.
SURVEY OF CURRENT BUSINESS
September 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-31
1954
July
1955
DecemOctober NovemAugust September
ber
ber
January
February
March
April
May
June
July
August
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:f
Production, total
thous. of pairs _.
By types of uppers:
All leather
. -do
Part leather and nonleather
do
Shoes, sandals, and play shoes, except athletic,
total
. .
thous. of pairs. _
By kinds:
Men's
do
Youths' and boys'
do
Women's
do
Misses' and children's.
.
do
Infants' and babies'
do
Slippers for housewear
do
Athletic
-do
Other footwear
do __
Exports
do
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt
1947-49= 100. Women's oxfords (nurses'), side upper, Goodyear
welt
1947-49=100..
\\^omen's and misses' pumps suede split
do
41, 051
48, 523
42, 795
42, 883
41, 630
44, 165
34,290
6,761
39, 898
8,625
34, 217
8,578
34, 016
8,867
32, 797
8,833
36, 426
7,739
36, 154
41, 737
35, 787
35, 349
34,763
6,783
1,658
20, 791
4,856
2,066
4,561
228
108
280
7,848
1,953
23, 065
6,122
2,749
6,315
293
178
347
7,508
1,685
18, 351
5,513
2,730
6,447
288
273
367
8,089
1,621
17, 611
5,262
2,766
6,939
331
264
403
7,876
1,451
16, 621
5,733
3,082
6,427
290
150
328
110.0
110.0
110.0
110.0
110.0
117.5
112.3
117.5
112.3
117. 5
112.3
117.5
112.3
116.8
112 3
48, 424
48, 971
57, 398
47, 979
47,160
49, 590
41, 054
39, 939
45, 477
45, 322
52. 611
43, 344
41, 992
43,422
36, 038
8, 934
1,585
19,606
6,345
3,469
3,757
9,041
1,914
24, 605
6,432
3,485
2,429
331
187
303
8,928
1,851
24, 876
6,444
3,223
3,098
337
214
372
10, 037
2,244
29, 405
7,090
3,835
4,215
9,321
1,807
23, 832
5,248
3 136
4,133
8,916
1,726
23 038
5,366
2 946
4,689
8 887
1,961
23 529
5,918
3 127
5,566
7,415
1,688
20, 286
4,608
2,041
4,568
110.0
110.0
110.0
110 0
110.0
110 0
110 0
110.0
v 110 0
116.8
112.3
116.8
112.3
116.8
112 3
116 8
112 3
116.8
112 3
116 8
112 3"
116 8
112 3
116.8
112 3
f 116 8
v 112 3
337
132
283
370
202
609
369
133
336
352
127
262
254
194
342
260
212
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
Exports, total sawmill products
_ _ . M bd. ft..
Imports total sawmill products
do
National Lumber Manufacturers Association:©
Production, total
mil. bd. ft
Hardwoods
-.__do
Softwoods
do
Shipments, total
do
Hardwoods
do
Softwoods
- .do__
Stocks, gross (mill and concentration yards), end
of month, total
mil. bd. ft
Hardwoods
do
Softwoods
do__
49,128
340,991
41, 270
354, 922
45, 83fi
282, 608
57, 413
294, 520
68, 963
298, 175
63, 188
281, 350
53, 776
251, 556
84, 584
273, 137
65, 812
289, 940
69. 255
262, 035
86, 510
314, 087
74, 556
353, 651
2,724
699
2,025
2,838
582
2,256
2,956
639
2,317
2.969
558
2,411
3,279
629
2,650
3, 238
582
2,656
3,363
648
2,715
3,339
646
2,693
3,154
601
2,553
3,061
588
2,473
3,085
586
2,499
3, 067
588
2,479
2,790
560
2,229
2,823
584
2,239
2,927
605
2,322
2,962
667
2, 295
3,363
629
2,734
3,477
658
2,819
3,241
612
2,629
3,451
697
2,754
3,424
622
2,802
3,505
678
2,827
3,581
635
2,946
3,735
688
3,047
3,041
577
2, 464
3,233
641
2,592
9, 107
3,854
5,253
9,096
3,935
5,161
9,135
3,982
5,153
9,134
3,959
5,175
9,251
3,997
5,254
9,270
3,995
5,275
9,236
3,972
5,264
9,200
3,910
5,290
9,087
3,882
5,205
8,918
3,797
5,121
8,848
3, 740
5,107
8, 695
3,688
5,007
8, 493
3,624
4,869
396
933
331
355
817
9,506
3,188
6,318
432
913
427
452
793
13, 534
3,975
9, 559
634
832
726
714
804
16,119
4,872
11, 247
742
779
832
796
840
24, 742
10, 078
14, 664
756
743
833
792
881
33, 151
13, 645
19, 506
889
801
829
832
879
32, 448
8,398
24, 050
754
829
787
725
941
30, 088
14, 055
16, 033
729
810
810
748
1,002
46, 704
25, 572
21, 132
904
792
886
922
966
31,815
17. 636
14, 179
944
866
792
870
926
42, 880
20, 551
22,329
815
847
817
835
918
40, 082
17, 644
22, 438
891
823
838
917
840
26, 233
15, 715
10, 518
7,50
624
819
757
722
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 timbert
do
Boards, planks, scantlings, etc.J-do
Prices, wholesale:
Dimension, No. 1 common, 1" x 4", R. L.
dol. per M bd. ft_Flooring, B and better, F. G., 1" x 4", R. L.
dol. p e r M b d . ft..
Southern pine:©
Orders, new
.
mil. bd. 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", R. L.
dol. per M bd. ft..
Flooring, B and better, F. G., 1" x 4", S. L.
dol. per M bd. ft._
Western pine:©
Orders, new
. _
mil. bd. ft
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks, gross, mill, end of month
__. do
Price, wholesale, Ponderosa, boards, No. 3 common,
1" x 8"
. dol. per M bd. ft
81. 592
81. 779
84. 482
86. 849
83. 699
82. 999
83. 972
85.534
85. 071
85. 624
87. 115
126. 671
126.671
127. 683
132. 953
131. 361
131. 361
131. 361
132. 178
132. 178
132. 178
132. 178
131. 867
800
331
693
824
697
297
651
731
681
290
634
688
670
276
636
684
652
259
649
669
630
239
694
650
702
276
666
665
673
303
672
646
746
273
784
776
753
290
738
736
775
285
776
780
789
274
764
800
735
288
695
721
1,904
7,022
1,798
5,224
1,824
6,329
1,202
5,127
1,770
5,867
1,573
4,294
1,722
8,427
2,897
5,530
1,702
8,605
3, 135
5,470
1,746
7,442
3,104
4,338
1,747
6,500
2,648
3,752
1,773
7,737
2,529
5,208
1,781
9,497
3.050
6,447
1,783
8,434
2, 151
6,283
1,779
8,930
1, 967
6,963
1,743
7,398
2,265
5,133
1,717
87.535 ' 88. 074 v 89. 180
74. 624
74. 327
75. 218
75. 923
78. 021
78. 199
78. 480
78. 471
77. 527
77. 256
77. 702
77. 174
150. 981
151. 557
151. 680
152. 170
152. 170
151.839
151. 609
150. 996
150. 996
150. 384
149. 426
149. 426
724
499
643
687
1,652
795
516
801
778
1,676
763
459
862
821
1,716
835
422
828
798
1,746
702
382
688
662
1,771
676
439
612
619
1,764
597
485
491
551
1,703
598
477
535
590
1,648
696
493
633
680
1,601
766
543
682
716
1,567
742
513
770
772
1,565
860
514
880
859
1,586
70.65
71.51
71.62
71.38
72.07
71.96
72.26
74.18
75.17
77.20
78.49
'80,05
131. 867 p 131. 867
r
77. 434 p 78. 802
149. 426 * 151. 319
800
624
760
750
1, 59f>
' 80. 41 p 80. 41
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
M bd. ft__
4,050
5,150
4,300
5,200
4,650
3,700
4,850
3,950
5,500
4, 625
4,550
5,250
4, 975
Orders, unfilled, end of month
do
12, 000
11, 150
11, 300
11,650
12, 550
11, 380
15, 125
11, 700
14, 650
15,300
13, 425
15, 550
15,600
Production
. do
4,800
4,750
4,400
4,300
3,450
3,750
4,000
4, 450
3,900
3,650
3,525
4,300
3, 950
Shipments _ _
_ _ _
do
4,650
4,400
3,900
4,650
4,000
3,500
3,950
4,000
4,000
3, 625
4,450
4.950
4, 600
Stocks, mill, end of month
do
8,500
8,875
9,200
11, 050
10, 350
11, 050
8,200
10, 550
10, 775
9,800
10,900
9,300
8,600
Oak:
Orders, new
_ do. .
95, 444 104, 462 100, 481 91, 449
81,496
89,816 116,741 107, 966 111, 554 108, 916
98, 351 103, 623
98, 538
Orders, unfilled, end of month
do
79, 782
77, 983
73, 118
64, 301
73,083
65, 157
87, 013
98, 574 108, 122 111, 682 104, 696 100, 159 100, 226
Production
..
do
96,999
90, 587
99, 590 100, 488
97, 746
93, 476
97, 834
90,400 106, 193 100, 543 105, 896 111, 772
99, 328
Shipments
do
93, 690
99, 597 100, 172 101, 216
94, 988
94, 885
88, 960
91, 321 107, 090 104, 160 105, 337 111, 732 100, 294
Stocks, mill, end of month-.
_do
54, 383 51, 268
47,984
49, 524
47, 256
44, 633
57, 375
52, 966
50, 301
45,400
52, 045
44, 154
43, 188
r
Revised.
*> Preliminary.
tRe vised from 1950 forward to reflect adjustments t o 1953 ben chmark rnaterials; 1950-52 aninual tota !s and monthly dat a for JanLlary-Sept ember 1953 will be shown lat er.
©Revised monthly data will be shown later as foil ows: Totail, all typ es, Janua ry 1950-JVlarch 195 4; Dougla s fir, January 1952-March 1954; Sout aern pine, January 1951-Ma rch 1954;
Western pine, January 1950-March 1954.
{Revisions for 1952 for exports of Douglas fir sawmi 1 products will be s hown late r.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 1955
1954
1955
DecemAugust SeptemOctober November
ber
ber
July
January
February
March
April
June
May
July
August
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., %" equivalent ._
178,411
29, 266
141, 689
207, 060
386, 812
r
203, 556
29, 096
392, 579
394, 659
392,810
21 1,577
31, 157
220, 908
34, 109
T
393, 101
389, 408
444, 081
412, 756
418, 950
321,111
416, 207
414, 56S
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports total© 9
short tons
Scrap
do
Imports total 9
do
Scrap
do
1
344, 012
100, 114
139, 629
22, 033
372, 445
128, 576
149, 686
29, 448
409, 286
192, 980
147,345
31,796
415, 616
166, 290
137,804
20, 573
383, 198
153, 558
153, 263
41,256
591,949
325, 765
128, 106
27, 695
4,557
2,633
1,924
4,378
6,494
4,770
2,701
2,069
4.664
6,599
4,729
2,717
2,011
4,814
6,510
5. 362
2,939
2,423
5, 356
6,509
5, 866
3,066
2,800
5,520
6,852
10, 994
11, 987
8,796
10, 295
10, 823
8,269
8,913
9,333
7, 848
6,776
8,070
6,554
11,016
5,155
40, 723
34, 537
6,186
1,540
9, 555
4, 895
45, 733
39, 199
6,534
1,691
7,951
4,620
49, 753
43, 083
6,670
1,881
65
55
thous. of short tons
do _
do
829
821
450
short tons
921
550
291
124
644, 580
343, 453
112, 934
24, 923
777, 818
423, 455
109, 723
11,524
801, 208
413, 927
116,948
13, 302
815, 901
450, 418
139, 166
9,836
6, 185
3,290
2, 896
5, 685
7,349
6,004
3, 384
2,619
6, 066
7,284
5,874
3,294
2,580
5,993
7, 156
7,072
3,909
3,162
7,071
7,158
7,068
3,905
3,163
6,988
7,243
7,199
3,947
3, 252
7,186
7,259
3,272
4,101
5,726
2,907
1,896
6,737
2,787
1,587
8,023
2,741
1,531
9,227
3,227
1,835
10, 109
6,056
5, 312
11,366
11, 820
12, 621
10, 532
7 259
5, 398
51,868
44, 980
6, 889
1, 736
2,918
5,845
49, 975
43, 065
6,911
1,711
18
6,341
44,018
37, 427
6, 591
1,178
0
6,620
37, 470
31, 360
6,110
1, 081
0
6,447
31, 108
25, 222
5,886
931
0
7,481
23,711
18,616
5, 095
1,248
3,758
7,290
18, 907
14, 545
4,362
1,220
11, 606
7,798
21, 901
17, 465
4,436
2,045
71
47
93
59
65
67
87
81
86
72
830
935
542
811
921
534
789
943
552
760
997
547
745
1,074
564
783
1,092
563
852
1,106
578
934
1,315
689
966
1,294
680
938
1,310
707
982
1,296
716
63, 711
50, 893
25, 243
62, 494
59, 259
34, 528
66, 742
5S, 01 5
33, 929
71,090
64, 321
36, 956
80, 686
70, 030
41, 609
85. 064
80, 599
49, 005
99, 817
82, 028
48, 000
101, 766
85, 979
48, 721
99, 730
102, 364
60, 063
104, 091
101,226
57, 397
106, 446
98, 397
57,317
4,626
4,469
4,567
4, 495
4,462
4, 486
4,984
5,061
5, 257
5, 336
5,587
5, 576
5,785
5,827
5,443
5,560
6,464
6,531
6,385
6,412
6,805
6,770
2,762
2,843
2,743
2, 640
2,533
2, 536
2,447
2,384
2,213
2,097
2,084
56.03
56.00
56.50
56.03
56.00
56.50
56. 03
56.00
56.50
56. 03
56. 00
56.50
56. 03
56.00
56.50
56. 03
56. 00
56. 50
56. 03
56.00
56. 50
56.03
56.00
56.50
56.03
56.00
56.50
56.03
56. 00
56.50
56.03
56.00
56.50
75, 848
53, 207
5,815
89, 590
66, 792
9,344
88, 359
64, 722
8,668
87, 085
64, 004
8,580
87, 659
64, 812
7,742
93, 547
69, 843
11,489
98, 238
75, 044
13, 809
106, 430
80, 729
16, 501
127, 460
98, 926
19, 339
120, 053
92, 237
16,646
395.4
96.8
74.4
22.3
410.1
102.2
77.2
25.0
409.0
109.4
81.7
27.7
382.0
113.0
86.0
27.0
461.2
119.7
89.3
30.4
472.7
128.5
96.4
32.0
487.8
135.9
103.0
33.0
491.9
135.4
102.1
33.3
507.1
154.4
119.2
35.2
499.4
149.6
113.5
36.2
509.4
147.0
109.4
37.7
519.6
155.5
117.0
38.4
6,628
63
6,667
63
6,807
67
7,702
8,089
79
8,287
8,838
83
8,497
88
9,982
93
9,815
95
10, 328
97
9,746
94
.0539
.0541
.0541
.0542
.0542
.0542
.0542
.0542
.0542
.0542
.0542
.0542
.0576
.0580
74.00
.0452
74.00
.0452
74.00
.0452
74.00
.0452
74.00
.0452
74.00
. 0452
74.00
.0452
74.00
.0452
74.00
.0452
74.00
.0452
74.00
.0452
74.00
.0452
78.50
.0487
v 78. 50
T> . 0487
28.50
29.50
30.50
32.50
34. 50
32. 50
36.50
36.50
38.50
38.50
34.50
34.50
39.50
v 44. 54
712,
451,
104,
11,
844, 999
512, 579|
132, 644
13, 041
Iron and Steel Scrap
Production and receipts total* thous of short tons
Home scrap produced*
do
Purchased scrap received (net)*
_
do
Consumption total
do
Btocks consumers', end of month
_
do
Ore
Iron ore:
All districts:
Mine production
thous. of long tons
Shipments
do
Stocks, at mines, end of month
do
Lake Superior district:
Shipments from upper lake ports
do
Consumption bv furnaces
do
Stocks, end of month, total
do At furnaces
_
do _
On Lake Erie docks
do .
Imports
do
Manganese ore, imports (manganese content)
thous. of long tons.
r
r
r
r
r
6, 773
3, 844
2, 929
6, 852
7, 184
f 6 072
•p 3, 463
p 2, 608
? 6 124
f 7, 133
13, 704
14, 835
9,402
13, 034
14, 633
7,803
12, 595
13 334
7 473
7 273
r 27, 361
33, 424
' 22, 455 27, 940
4, 906
5,485
2,490
13 572
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders unfilled, for sale
Shipments, total
For sale
Castings, malleable iron:
Orders unfilled for sale
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
P 1, 071
107,559
99, 456 v 75 570
60, 261
r
r
r
6,544
6, 468
6,391
P 6,014
2, 116
v 2, 306
56. 03
56. 00
56.50
57.88
58.45
'r 58. 50 v 58. 50
59. 00 v 59. 00
Steel. Crude and Semimanufactures
Steel castings:
Shipments total
short tons
For sale total
do
Railway specialties
do
Steel forgings:
Orders, unfilled, for sale__
thous. of short tons
Shipments, for sale, total
do
Drop and upset
do
Press and open hammer. _ _
_ _
.do
Steel ingots and steel for castings:
Production
do
Percent of capacityj
Prices, wholesale:
Composite, finished steel
dol. per l b _ _
Steel billets, rerolling, f. o. b. mill
dol. per short ton..
Structural steel, f. o. b. mill. _ _
dol. per Ib _
Steel scrap, heavy melting (Pittsburgh)
dol. per long ton..
122, 465 * 133, 887 v 97, 875
92, 713 102 457
19, 591
16, 810
p 115.0
' 9, 101
85
_
9,583
90
Steel, Manufactured Products
Barrels and drums, steel, heavy types:
2 217
2,586
2,256
3,160
2,726
2,342
2,939
2,198
2,303
Orders unfilled, end of month
thousands..
2,123
2,145
2,317
2 377
1,902
1,742
1,797
1,868 j
1,782
1,785
1,848
1,990
2,125
2,062
1,747
2,514
Shipments
__ -- do
2,078
112
72 !
110
90
103
106
104
77
109
107
89
Stocks, end of month
do
125
116 i
f
Revised.
* Preliminary.
*New scries. Data for hardwood plywood are compiled by the L7. S. Department of Commerce, Bureau of the Census; they cover all known market producers of hardwood types, except
as indicated.
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.
Data for production and receipts of iron and steel scrap are compiled by the U. S. Department of Interior, Bureau of Mines; data prior to 1953 are not available for publication.
©In 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 1955, percent of capacity is calculated on annual capacity as of January 1, 1955, of 125,828,310 tons of steel; for 1954, data are based on capacity as of January 1,1954 (124,330,410 tons).
SURVEY OF CUEEENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-33
1954
July
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
May
379, 767 T 397, 799
222, 797 r 230, 016
156, 970 167, 783
330, 050 347. 471
June
July
August
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Cans, metal, shipments (in terms of steel consumed),
total
- short tons
Food
do_ _ _
Nonfood
-- -- _-do_
Shipments for sale
__do_
Closures (for glass containers), production., millions.^
Crowns production _
.
thousand gross. .
Steel products, net shipments:
Total
thous.
of short tons _
Bars' Hot rolled a1! grades
-do
Reinforcing
-do
Semimanufactures
do
Pipe and tubes
-- -- -do
Plates
-- -d°- Rails
__
do
Sheets
- -__do_ Strip* ~Cold rolled
do_ ' Hot rolled
-_ -- .-do _
Structural c hapes heavy
-- do
Tin plate and terneplate
__ _ _ d o _ _
"Wire and wire products
do _
405, 152
249, 376
155, 776
368, 035
522,
376,
145,
477,
293
530
763
256
457, 983
328, 454
129, 529
408, 415
361, 676
236, 275
125, 401
319, 669
273,616
166, 975
106, 641
239, 881
283, 386
170, 125
113,261
247, 688
279, 642
170,068
109, 574
240,159
259, 585
154, 507
105, 078
224, 128
307, 939
171, 568
136, 371
265, 592
321, 281
178, 528
142, 753
273, 649
1,209
28, 679
1,330
27, 366
1,283
21, 841
1,328
20, 454
1,219
18, 264
1,218
18, 196
1,247
23, 663
1, 245
23, 993
1,516
29, 480
1,389
27, 982
1,404
30, 691
1.532
33, 640
1, 251
28. 319
4,490
444
168
116
674
376
4, 681
446
152
142
715
365
5,004
471
151
138
694
379
5, 035
530
150
141
662
395
5,240
577
140
171
579
398
5, 449
619
123
200
497
421
6,010
623
116
203
578
439
6,120
630
128
255
610
457
7,269
764
161
310
795
543
7,279
747
184
303
824
560
7, 541
774
215
290
872
571
7,770
770
209
3^5
967
600
6, 251
627
177
2(H
824
506
80
1,347
74
95
350
242
322
71
1,331
95
109
326
342
351
63
1,357
103
108
346
580
359
59
1, 633
110
130
344
273
360
49
1,857
126
144
331
261
366
40
2, 054
128
160
347
270
352
97
2,229
133
158
336
419
393
103
2, 166
131
159
338
433
415
122
2,450
153
178
407
514
502
118
2,416
141
182
398
534
508
121
2, 439
148
193
414
607
515
127
2 428
152
198
378
651
542
104
2 108
109
145
357
368
363
126, 161
442, 371
.1000
125. 296
461, 227
.1000
120, 332
413, 265
. 1081
125. 089
420, 340
.1100
121,252
423, 395
.1100
127, 035
504, 342
. 1100
128, 203
384, 542
.1129
116, 236
370, 963
. 1370
130, 272
480, 973
.1575
126 394
429, 000
.1575
131,128
428,260
.1385
127, 634
372, 652
. 1380
132, 669
.1475
.1581
211.0
41.1
169.9
94.7
.444
226.6
43.5
183.1
104.6
.444
227.5
47.8
179.7
101.1
.444
235.3
54.9
180.4
100.8
.444
237.7
56.1
181.6
103.8
.444
259. 6
64.0
195. 6
108 7
.456
270.6
64.4
206.2
114.0
.456
272.1
66.9
205.2
112.0
.476
313.7
79.0
234. 7
128.4
.476
301 0
73 0
227 9
123 3
.496
306. 0
71.7
234.3
125 2
.496
324 2
68 5
255.7
136 4
.496
210.2
113 3
.496
» .519
66, 551
51, 668
62, 111
71, 215
79, 208
81, 417
83, 291
83, 581
93, 728
89, 108
89, 507
33 826
76, 320
107, 193
97, 436
69, 077
62, 047
104, 693
92, 475
58, 648
69, 882
88, 786
89, 198
48, 775
79, 231
92, 918
105, 293
33, 290
97,619
115,917
118, 707
37, 094
97, 733
133, 523
121 907
47 108
95, 810
123, 840
113 949
45 982
102, 342
123, 162
108 503
44 579
108, 410
135, 701
131 354
46 091
104, 228
122, 129
119, 863
42, 759
106, 773 ' 101, 940
135, 042 T 130, 881
124 853 r 132 730
43 340
38 533
39, 460
51 182
60 143
36 293
77, 007
98 732
90 078
49 350
24, 183
62, 228
30, 816
31,412
.2970
27, 121
54, 574
38, 161
16, 413
. 2970
16, 783
52, 388
32, 740
19, 648
.2970
25, 867
28, 603
20, 508
8,095
.2970
18, 883
42, 382
32, 786
9,596
.2970
23, 562
45 608
32, 965
12, 643
.2970
21, 533
36 261
25, 108
11,153
.2978
32, 376
46 765
34, 661
12, 104
.3270
22, 473
45 460
34 340
11,120
.3294
23, 633
43 101
27 166
15, 935
.3570
24, 459
42 585
32 435
10, 1 50
.3570
17, 598
54 414
39 965
14 449
.3570
.3570
.3815
25, 364
26, 975
27, 066
28, 835
25, 001
25, 244
25, 755
26, 884
26,911
29, 107
28 230
29, 646
27 347
28, 767
27 004
27 456
30 961
30 056
28 602
28 707
28 807
28 511
r 28 442
28 152
26 538
23 027
35, 716
37, 195
93, 030
.1400
44, 089
43, 402
84, 429
.1406
47, 762
30, 891
93, 358
.1460
51, 276
36, 307
95, 496
.1497
46, 711
34,913
94, 387
.1500
46, 506
37 017
92, 719
.1500
44, 780
40 451
84, 882
. 1500
40 173
46 645
64 938
.1500
50 308
42 381
59 881
.1500
50 274
44 878
54 956
.1500
45 435
46 130
50 947
.1500
48 133
45 030
44 599
.1500
23 850
26 547
39 790
.1500
41, 494
34, 031
31, 120
24, 224
15, 679
19, 508
14, 392
19, 286
22, 023
34, 413
50, 357
41, 890
U94
6,300
4,500
2,232
7,000
4,700
2,625
6,700
4,600
2,636
6,700
4,300
2,439
7,050
4,300
2,692
6,900
4,330
2,608
6,900
4,500
2 728
7,280
4 730
2 582
8,050
5 200
2,298
7,820
5,160
1 842
7 965
r 5 305
1 106
7 785
5 160
427 434
266, 148
161 286
386, 053
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production primary
- -- short tons.
Imports bauxite
- -- long tons Price, wholesale, scrap castings (N. Y.)_.dol. per lb__
Aluminum fabricated products, shipments, total
mil. o f l b _ _
Castings
do_ _
Mill products total©
- -do _
Plate and sheet©
- - -do _
Brass sheets, wholesale price, mill
dol. per lb__
Copper:
Production :
Mine production, recoverable copper.— short tons..
Crude (mine or smelter, including custom intake)
short tons.Refined
--do
Deliveries refined domestic
do _
Stocks refined end of month
_ __ _do_ _
Exports refined and semifabricated forms -_do _ _ _
Imports total 9
do Unrefined including scrap 9
- do. .
Refined?
do
Price, wholesale, electrolytic (N. Y.)
dol. per lb__
Lead:
Ore (lead content) :
Mine production
short tons _
Receipts by smelters, domestic ore
__do
Refined (primary refineries) :
Production
- do_
Shipments (domestic)
- _do_ _
Stocks e n d o f month, _ _ _ _ _ _ _
do _
Price, wholesale, pig, desilverized (N. Y.) .dol. per lb_.
Imports, total, except mfrs. (lead content) 9
short tons. .
Tin:
Production, pig§
_
long tons _
Consumption, pig, tot8l§
_ _ _ _-- - __do
Primary§
--do
90, 789
r
T
.1500
11, 380
15, 127
17, 024
16, 872
16. 491
Stocks, pig, end of month, total§
_ _ _ __do_ _.
16, 331
13, 513
14, 751
14 944
15 616
14 761
13 675
0
2,502
4, 255
o
4,406
2,855
1, 352
651
678
Government!
- - - do_ _.
1, 039
1 066
791
11, 380
12, 625
12, 769
14,017
14 979
12, 085
12, 835
14 100
Industrial§
do
13 905
13 970
14 550
13 675
Imports:
414
2,562
2, 169
2,286
1,312
2,019
Ore (tin content).
do_ _.
1,813
1,857
2,437
1,829
1 861
1 163
3,924
5,487
6,450
6,151
4,601
5, 568
4,143
Bars blocks, pigs, etc
-_
__do
6 385
3,918
6 026
5 454
5 615
9139
.9654
.9338
.9110
9304
9354
Price wholesale Straits (N Y )
dol per Ib
8857
8727
9077
9137
9364
9104
9646
9763
Zinc:
38, 445
38, 141
38, 338
Mine production of recoverable zinc
short tons._
34, 178
35,511
42, 886
39, 035
41, 205
45, 216
39, 389
44, 273 ' 43, 477 43, 080
Slab zinc:
70, 749
71,810
67 047
80 116
60 137
85 164
Production
do
86 076
83 786
78 977
86 177
89 179
84 458 r g4 400
84 877
73, 846
76, 584
97, 617
90, 415
Shipments, total
do
77, 885
95, 523
99, 964
93, 201
99, 039
94' 507 100, 044
97, 572
90, 080
81, 713
58. 397
58, 188
77 074
73 967
64, 548
74 900
70 863
Domestic
do
89 589
80 016
79 720
92 212
83 336
76 812
87 042
Stocks, end of month. _ _ _ _ _ _
do__ - 198, 027 193, 253 175, 505 152, 137 134, 636 124 277 117, 152 96 165 90* 837 74 579 63' 184 4g' 603 r 51 290 46 087
Price, wholesale, prime Western (St. Louis)
.1100
.1100
.1150
dol. per lb__
.1150
.1141
.1150
. 1150
.1150
.1193
.1150
.1200
. 1223
. 1250
.1250
Imports, total (zinc content)
short tons.. 57, 832 56, 952 26, 041 22, 250 31, 205 39, 173 31, 273 41, 309 55, 061 65, 354 58, 061 41, 105
194
157
2,214
2,481
128
3,674
For smelting, refining, and export 9
do
481
5 717
2 432
6 059
76
60
For domestic consumption:
37, 570
45, 888
12, 853
10, 601
17, 608
17, 315
Ore ('zinc content) 9 _- --- - --do _ _ _
16, 564
19 908
39 211
27 819
43 623
44 797
Blocks, pigs, etc.-.
_ _ _ _ _ _ _ - d o _. 20, 068 10, 907 10, 974 11, 520 11,116 18, 184 14, 228
15, 684
13, 418
15,' 672
13,' 188
13! 226
r
l
Revised. * Preliminary.
Production by secondary plants only.
©Data beginning January 1955 are not strictly comparable with earlier data because of a change in coverage and method of reporting. Total monthly net shipments derived from the
new survey are from 1 to 2 million pounds less than would have been calculated under the former method.
9 Revisions for 1952 imports are shown in the April 1954 SURVEY.
§Substitutcd series. Compiled by the U. S. Department of Interior, Bureau of Mines; monthly data for 1951 and 1952 appear on p. 24 of the March 1954 SURVEY. Government stocks
represent those available for industrial use.
SUEVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 19.";
1954
July
1955
October Novem- Decem-
August
Janu-
ary
Febru-
ary
March
April
May
June
July
August
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC*
Radiators and con vectors, cast ironic?
1,937
Shipments
thous of sq ft of radiation
7,438
Stocks, end" of month
do
Oil burners: J
65, 184
Shipments
number
75, 345
Stocks end of month
do
Stoves and ranges, domestic cooking:, excl. electric:
Shipments, total
number. . 145, 829
4 351
Coal and wood
do
134, 896
Gas (incl bungalow and combination)
do
6, 582
Kerosene gasoline, and fuel oil
do
Stoves, domestic heating, shipments, total
do
Coal and wood _ ___
_.
- .. .-do
Gas
do
Kerosene, gasoline, and fuel oil _. _ _ .. . do . .
Warm-air furnaces (forced-air and gravity air-flow),
shipments total
number
G as
do
Oil
do
Solid fuel
do
Water h eaters, gas, shipmen ts*
do
3,315
6, 765
3,217
6,478
3, 354
5,915
2,700
5, 400
1,956
5, 434
1,675
5,876
1,970
6,106
2,419
6,416
2,035
6,991
1,732
7,898
2,208
7,903
90, 662
72, 238
102, 888
57, 306
101,916
53, 174
67, 660
53, 978
46. 882
57, 125
57, 282
50, 686
58, 041
51, 163
59, 218
62, 655
60, 155
71, 864
65, 407
69, 732
68,600
68, 141
196, 180
6,294
180, 210
9,676
222, 839
7,708
204, 947
10, 184
216, 956
7, 320
197, 984
11, 652
190, 328
6, 652
174, 549
9,127
160, 494
5, 586
146. 135
8,773
167, 752
5, 564
153, 065
9,123
200, 306
5, 527
186, 436
8,343
232, 431
6,063
217,466
8,902
196, 705
4,283
182, 502
9,920
199, 682
4,107
187, 735
7,840
216, 879
4,817
204,170
7,892
203, 901
23, 443
114,195
66, 263
261,936
36, 879
156, 343
68, 714
351, 135
55, 091
205, 345
90, 699
417,185
66, 824
257, 606
92, 755
284, 688
37, 823
195, 337
51, 528
110, 245
9,094
74, 513
26, 638
75, 004
4, 824
41, 646
28, 534
90, 897
4,422
38, 228
48, 247
105, 357
7,710
50, 350
47, 297
98, 307
8,624
50,311
39, 372
122, 722
10, 624
74, 605
37, 493
186, 201
15, 589
116, 854
53, 758
92, 463
53, 116
35, 474
3 873
186, 528
130, 486
75, 062
48, 655
6,769
202, 990
148, 370
82, 023
57, 503
8,844
201, 405
137, 820
79, 022
50, 963
7, 835
198, 001
107, 615
64, 312
38, 594
4,709
175, 550
81, 130
50,341
28, 055
2,734
163, 458
85, 476
50, 923
31, 899
2, 654
200, 001
79, 537
47, 740
28, 917
2,880
214, 703
87, 121
53, 673
30, 510
2,938
248, 754
91,908
58,012
31,484
2,412
231,694
37, 685
14, 840
""
T
r
99, 937
62, 696
34, 284
2,957
216, 731
\
\
117 376
74, 125
39, 657
3,594
214,607
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly:
Blowers and fans, new orders
thous. of dol_.
Unit heater group, new orders
do
Foundry equipment (new), new orders, nett
mo. avg. shipments, 194 7-49= 100. .
Furnaces, industrial, new orders, net:
Electric processin g
thous. o f doL .
Fuel-fired (except for hot rolling steel)
do
Machine tools (metal-cutting types):
New orders _ _mo. avg. shipments, 1945-47= 100- Shipments
do
Pumps, steam, power, centrifugal and rotary, new
orders
thous. of dol
Tractors (except contractors' off-highway and garden),
quarterly through 1954:*
Shipments total
thous of dol
Wheel-type
_ - _ _
..- ---do
Tracklaying
do
«•r 55, 813
14, 648
39, 739
16 087
53, 013
16, 497
68.8
75.6
68.3
147.5
61.4
113.9
81.0
90.4
163. 6
178.6
145.7
457
973
1, 053
1,116
986
1,241
2, 403
1, 936
1,190
1,534
1,246
4,100
1,148
3,543
976
4,390
1,342
5,609
2,234
5,032
1,813
3,801
124.7
205.7
147.9
203.7
180.9
213.4
148.9
191.0
119.5
179.5
202.9
203.4
203.0
167. 3
209.4
168.2
214.6
202.5
178.1
180.1
243.7
180.9
4,733
6,706
5,050
3,828
5, 224
4,787
5,220
6,709
6,161
5,447
157, 655
87, 716
69, 939
66, 178
41,431
24, 747
71. 786
45, 807
25, 979
79, 302
54, 025
25, 277
94, 718
64, 847
29, 871
1,796
1,478
1, 647
1,321
47.2
61.7
237. 9
217.0
308.4
264. 8
1, 098. 7 11,261.6
96.0
250.1
357.4
1, 068. 1
94.0
262.7
353. 2
1, 089. 7
144, 167
81, 126
63, 041
2,635
2,836
786
2,981
' 263. 2 » 215. 9
198. 8 P151.6
r
79, 179
47, 911
31,268
63, 360
38, 613
24, 747
1,281
' 1, 572 ' 1, 794
2,028
96.0
106.0
244.1
358. 2
313.5
370.6
1, 482. 3 1, 099. 8
104.0
105 0
261.2
241.7
341.8
354.5
1,114.0 '1,204.9
207.8
245.9
718.5
v 945.1
344.3
" 637. 3
82, 289
51,016
31, 273
:; :
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands..
Household electrical appliances, sales billed:
Refrigerators indext
1947-49—100
Vacuum cleaners, standard type
thousands. .
Washers, domestic sales
do
Radio sets, production §
.. .- .. do .
Television sets (incl. combination), production!
thousands..
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 Ib
Shipments of vulcanized products, -thous. of dol. .
Steel conduit (rigid), shipments*
thous. of feet. Motors and generators, quarterly:
New orders, indexf
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:f
New orders
thous of dol
Billings
do
2,288
2, 481
2,728
2,667
93.0
193.6
242.9
438.1
70.6
185.4
293.2
785.5
73.4
238.2
379.7
1
932. 3
51.0
263. 2
339.2
997.8
307.0
633.4
1
947. 8
921.5
858.5
1 833. 4
654.6
702.5
92.3
111.4
123.2
116.7
123.9
138.3
132.0
7,739
8,857
10, 337
9,528
9,596
10, 535
2,566
1,037
28, 544
3,373
1,152
28, 076
3,062
1,217
27, 616
3,251
1,301
27, 622
2,964
1, 350
29, 645
3,794
1,540
25,911
'
2,410
1
1
831. 2
583.2
467.4
i 590. 0
137.0
160.0
160.0
154.0
158.0
9,426
10, 076
12, 211
11, 106
10, 909
11, 522
9,856
4,037
1,571
24, 049
3,918
1. 565
25, 898
4,876
1,803
29, 762
4,591
1,815
30, 521
4,778
1,799
32,504
4,679
1,750
35, 310
3, 136
1,367
129.7
156.7
157.0
33, 448
33. 501
34. 476
36 184
38,649
34 638
44, 407
41, 298
0.755
7,337
8,130
9.942
6 729
9.052
10 545
8,179
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
2,194
2, 816
1,939
2,253
2,500
2,117
2,333
2,442
1,910
2,024
1,640
1,888
1, 755
Production
thous of short tons
1 750
Stocks in producers' storage yards, end of month
1,504
1,328
1,405
1,293
1,293
1,244
1,132
1,267
1,164
1,145
1,081
1,000
1,008
thous. of short tons. .
403
273
359
348
147
311
253
175
176
240
226
Exports
do
148
Prices:
24.96
25. 19
24.62
24.66
25. 40
24.41
25.52
25.64
24.08
25.67
24.18 r 24.50
25.67
Retail, composite 9
dol. per short ton
13. 836
13. 350
13. 507
13. 588
13. 713
13. 657
13. 721
13. 721
13. 721
13. 721
11.829
11. 829 12. 257 * 12. 257
Wholesale, chestnut, f. o. b. car at mine
do
r
1
Revised.
p Preliminary.
Represents 5 weeks* production.
I Revisions for oil burners for January-July 1952 are shown in a footnote on p. S-33 of the January 1954 SURVEY; revised data for other items of heating apparatus will be shown later.
d* Data beginning June 1953 are compiled by The Institute of Boiler and Radiator Manufacturers and represent substantially complete coverage of shipments of cast iron radiators and convectors.
*New series. For source of data and brief description, see corresponding note on p. S-34 of September 1954 SURVEY.
fRevised to reflect use of new base period. Comparable data for 1934-53 for all series (except for foundry equipment) appear on p. 28 of the February 1955 SURVEY.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for September and December 1954 and March
and June 1955 cover 5 weeks; other months, 4 weeks.
©Data beginning January 1954 cover 19 companies.
IfData for polyphase induction motors cover 33 companies through 3d quarter 1954 and 34 thereafter; for direct current motors and generators, 27 companies.
^Revised to represent weighted average price of anthracite stove based on quotations in 6 cities as follows: Baltimore, Boston, Laconia (N. H.), Madison (Wis.), Middletown (Conn.),
and New York.
SURVEY OF CURKENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-35
1954
July
August
1955
Septem- October Novem- December
ber
ber
January
February
March
April
May
June
July
August
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous:^
Production
tbous. of short tons^
Industrial consumption and retail deliveries, total
thous. of short tons-.
Industrial consumption, total
do
Beehive coke ovens
_
do
Oven-coke plants do
Cement mills
do
Electric-power utilities..
_ ..
-.do
Railways (class I)
do
Steel and rolling mills _
do
O ther industrial
do
Retail deliveries
- do
Consumption on vessels (bunker fuel)
thous. of short tons. Stocks, industrial and retail dealers', end of month,
total
thous of short tons
Industrial total
Oven-coke plants
Cement mills
Electric-power utilities
Railways (class I)
Steel and rolling mills
Other industrial
do
__do
do
- -do
do
..do _ .
do
Retail dealers
- do
Exports
do ...
Prices:
Retail, composite t dol. per short ton..
Wholesale:
Screenings, indust. use, f. o. b. car at mine_do
Large domestic sizes, f. o. b. car at mine. -.do.-.
COKE
Production:
Beehive
thous. of short tons
Oven (byproduct)
. - .. do
Petroleum coke 9
- do...
Btocks. end of month:
Oven-coke plants, total-.
- .-do ...
At furnace plants
do
At merchant plants
.
__ _
.do
Petroleum coke
do
Exports
. do
Price, beehive, Connellsville (furnace)
dol. per short ton.,
33, 484
34, 471
36, 652
37, 158
38, 151
36, 580
35, 545
37, 060
34, 620
38,620
36, 320
36, 660
24, 937
22, 836
45
6,581
675
9, 133
1,278
315
4,809
2,101
26, 453
23, 585
52
6,427
693
9,568
1,384
306
5, 155
2,868
27,113
23, 491
56
6,396
674
9,456
1,233
320
5,356
3,622
30, 180
25, 783
46
7, 246
740
10, 076
1,375
360
5,940
4,397
31,538
26, 996
54
7, 438
719
10, 435
1,449
432
6, 469
4,542
35, 500
29, 713
66
7, 995
775
11, 633
1,544
506
7, 194
5,787
36, 332
30, 099
99
8,258
755
11, 750
1,415
506
7,316
6,233
33, 766
27, 913
105
7,631
670
10, 840
1,271
504
6, 892
5, 853
35, 094
30, 232
169
8,755
707
11,234
1,278
511
7, 578
4,862
31, 163
28, 324
196
8,519
672
9,906
1,203
417
7,411
2,839
31,443 '31,313
29, 088 r 28, 673
222
'244
8,927
8,523
714
687
10, 505
10, 808
1,240
1,159
365
387
7, 093
6,887
2,355
2,640
31 , 349
28, 991
221
8, 621
707
11,439
1, 154
341
6,508
2, 358
55
47
47
54
47
20
2
3
11
44
35
-43
40
67, 186
68, 566
69, 691
70, 352
71,041
69, 201
65, 869
63, 751
63, 664
64, 001
66, 356
69, 452
68,028
66, 286
11,125
1,123
38, 848
1,662
639
12, 889
67, 656
11,571
1,184
39, 708
1,657
621
12, 915
68, 765
11,869
1,233
40, 462
1, 597
612
12, £92
69, 458
12, 193
1,287
40, 889
1,496
614
12, 979
70, 118
12, 484
1,373
41,072
1,540
592
13,057
68, 391
12, 335
1,311
39,711
1,475
606
12, 953
65, 166
11, 476
1,155
38, 095
1,397
556
12, 487
63, 130
11,066
1,082
36, 796
1,340
509
12, 337
63, 022
10, 776
963
37, 035
1,249
505
12, 494
63, 270
10, 702
970
37, 376
1,219
534
12,469
65, 471
11,516
1,015
38, 347
1,192
561
12, 840
68, 310
12, 747
1,140
39, 225
1, 235
558
13, 405
66, 831
12, 348
1,152
38, 405
1,120
548
13, 258
1, 197
900
910
926
894
923
810
703
621
642
731
885
1,142
2,832
3,333
2,940
3,527
3,092
2,481
1,804
2, 539
2,282
4,569
4,717
4,992
14.73
14.78
14.89
14.98
15.04
15.08
15. 10
15. 10
15.10
15.00
14.77
14.81
4. 506
6,586
4.498
6.711
4.493
6.875
4.488
6. 955
4.484
6. 961
4.482
6. 951
4.481
6.951
4.481
6.949
4.480
6.920
4.401
6.369
4.377
6. 371
4.390
6.423
34
4,601
420
44
4,486
412
40
4,465
410
33
5, 063
456
40
5, 207
444
43
5,580
471
61
5, 745
457
67
5,327
436
106
6,131
486
122
6,014
438
140
6,287
'476
r 6, 001
2,843
1,619
1,224
384
25
2,856
1,624
1,231
395
34
2,917
1,693
1,224
402
14
2,851
1,638
1,213
424
34
2,804
1,597
1,207
395
33
2,942
1,624
1,317
421
50
2,748
1,654
1,094
449
29
2,614
1,632
981
474
43
2, 526
1, 579
946
476
39
2,485
1,529
956
498
29
2, 346
1,373
973
473
42
r 2, 188
14.75
14.75
14. 75
14.25
13. 75
13. 75
13.75
13.75
13.75
13.75
13.75
13.75
Exports
Imports
... .
Price (Oklahoma-Kansas) at wells.
do
do
dol, per bbl._
••147
479
'1,227
961
440
44
43, 430
14.83
4. 395 v 4. 4:tt
' 6. 588 v 6. 730
133
6, 037
2, 107
1,193
914
13.75
13. r,.-)
2-820
v 2. 820
t
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed}...
number..
Production}
thous. of bbl..
Refinery operations
percent of capacity-Consumption (runs to stills)
thous. of bbl_.
Stocks, end of month:
Gasoline-bearing in U. S., total
do
At refineries..
... ._ ._
do
At tank farms and in pipelines
do
On leases _
do...
r
27, 707
2,867
194, 037
90
214, 402
2, 534
191, 190
87
212, 708
2,298
184, 527
88
208, 155
2,370
190, 198
86
211,851
2,379
190, 367
86
209, 244
2,743
198, 213
88
224, 382
2,486
209, 600
90
228, 737
2,340
191, 392
92
211, 365
2,738
213, 454
90
228, 594
2,594
2,787
206, 600 206, 983
87
89
214,080 r 225 299
2,798
198, 389
91
224, 510
282, 665
74, 574
189, 123
18, 968
277, 929
70, 659
188, 260
19,010
272, 502
67, 989
185, 568
18, 945
267, 346
68, 292
179, 582
19,472
264, 566
67,814
177, 659
19, 093
258, 385
67, 309
172, 081
18, 995
260, 156
67, 916
172, 635
19, 605
258, 630
66, 574
172, 429
19, 627
264, 430
68, 829
176, 193
19, 408
275, 232
71,215
184,317
19, 700
276, 948
71, 293
185, 771
19, 884
270, 850
70, 788
181, 076
18, 986
1,073
21,014
2.820
1,349
20, 853
2.820
509
20, 219
2.820
1, 521
19, 065
2.820
1,047
20, 260
2.820
797
23, 066
2.820
381
20, 799
2.820
976
21, 103
2.820
771
24, 480
2.820
1,431
20, 818
2.820
1, 166
23, 106
2.820
1,053
24, 739
2.820
Refined petroleum products:
Fuel oil:
Production:
t 43, 892 1 45, 048 i 45, 415 i 47, 890 1 48, 666 1 51, 718 1 53, 926 5 51,719 1 52, 779 1 46, 033 i 47, 094 i 48, 839
Distillate fuel oil}...
thous. of bbl
33, 749
Residual fuel oil}.
do
32, 569
33, 131
33, 047
33, 593
38, 276
34, 683
36, 806
36, 722
33, 288
34, 426
32, 392
Domestic demand:
1
26, 864 1 29, 203 1 32, 593 1 34, 893 1 51, 279 1 75, 843 i 73, 801 1 68, 513 i 58, 252 1 37, 177 i 31, 726 i 29, 994
Distillate fuel oil}
do
35, 617
Residual fuel oil}.. _ _
do
38, 904
36, 934
42, 415
55, 880
46, 045
51, 386
54, 055
51, 475
43, 668
41,848
40, 754
Consumption by type of consumer:
4,444
Electric-power plants
_
do
4,903
4,842
5, 310
5,820
8,912
7,432
7,687
6,813
5,678
4,884
4,617
4,692
Railways (class I) §
do .
7,660
7,730
7,835
7,818
8,192
8,093
8,467
7.699
8,268
7, 635
7,688
8,337
6, 475
Vessels (bunker oil)
- do
6,331
5,928
6,119
6,022
5,981
5,916
5,803
6,379
6,332
6,708
7,005
6,354
Stocks, end of month:
101, 657 U16,529 i 128, 061 1 139, 128 1 133, 886 1 108, 144 i 86, 692 i 69, 283 1 62, 457 i 70, 139 i 83, 559 1 100, 652
Distillate fuel oil
do
54, 365
Residual fuel oil
do
56, 702
56, 332
56,541
54, 891
49, 457
52, 105
46, 042
44, 970
43, 838
45, 083
44, 398
Exports:
Distillate fuel oil
do
1,693
1,434
1,525
2,192
1,849
2,715
1,786
919
1,521
1,258
2, 109
2,145
Residual fuel oil
do. .
1,831
1,546
1,580
1,239
1,771
2,819
1,720
2,985
2,231
2,535
2,256
2,380
Prices, wholesale:
Distillate (New York Harbor, No. 2 fuel)
dol. per g a l _ _
.090
.092
.092
.096
.102
.102
.096
.102
.102
.102
.101
v . 101
.101
.101
Residual (Okla., No. 6 fuel)
dol. per bbl..
1.000
1.150
1.150
1. 350
1.250
1.400
1.500
1.500
1. 500
1.500
1. 750 v 1. 750
1.600
1. 700
Kerosene:
1
1
1
1
1
Production
thous. of bbl.. 1 9, 156 19,357 19,018
9, 596 i 10, 619
10, 471
11, 796 i 12, 665
11,080 i 9, 373
9, 164
i 8, 084
1
Domestic demand}
do
4, 920 > 6, 196 i 6, 555 i 9, 261 1 12, 748 1 18, 330 i 17, 071 1 15, 003 i 10, 940 1 5, 799 i 3, 878 i 4, 374
1
Stocks, end of month.
do
31, 953 1 34, 949 i 37, 099 1 37, 140 1 34, 547 i 27, 826 i 23, 266 1 18, 291 i 18, 187 1 21 , 486 1 26, 375 i 29, 830
Exports..
.. .-.
do. .
398
250
80
188
428
96
109
326
179
221
215
300
Price, wholesale, bulk lots (New York Harbor)
dolpergai..
.100
.100
.100
.104
.104
.110
.110
.110
.110!
.110
. 108
P . 10H
.108
.108
r
l
Revised.
v Preliminary.
Beginning January 1954, jet fuel (foranerly incl ided with gasoline, kerosene, and disti Hate fuel ()il) is excl uded. Je t fuel for June 1955 (thous. bbl.): Production—from gasoline, 3,799; from kerosene, 859; from distillate, I 549; dome,>tic denialid, 4,833; stocks, 3,(.)19.
cfRevisions for January-September 1952 and January-October 1953 wil '. be show i later.
fRevised series. Data represent weighted averages based on quotatioris in 26 ci ies for all sizes of b ituminous coal,
9 Includes nonmarketable catalyst coke. Such production for January 1954-Jun e 1955 is as follows (thous. sh ort tons) : 156; 122; 139; 138; 13(); 143; 186;176; 164; 172; 176; 19 9; 198; 186:184; 141;
204; 209.
{Revisions for 1952 appear on p. S-35 of the February and Maich 1954 is =;ues of the SURVEY.
^Revised to represent all quantities of fuel oil and diesel fuel imrchased by class 1 railways (incl. sw] tching an d terminsil compan ies), whet her for lo comotive station, shop, or other use.
Comparable data prior to August 1953 will be shown later.
SURVEY OF CUERENT BUSINESS
S-S6
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 1955
1954
July
October
August September
January
ber
February
March
April
June
May
July
August
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Lubricants:
4,522
4, 563
4, 475
4,470
4, 544
4,565
3,992
4,602
4,386
Production
thous.ofbbl
3,374
3,308
3,285
3,419
3,180
3,665
3,086
2, 961
2,901
Domestic demandj
do
9,
230
9,251
9,035
9,183
9,475
9,702
10,
162
9,779
10,
087
Stocks refinery, end of month
do
967
1,341
1, 295
892
1,179
1,264
1,094
1,180
1,035
Exports
do
Price, wholesale, bright stock (midcontinent,
.180
.180
.180
.180
.180
.180
.180
.180
.180
f. o. b. Tulsa)
dol. pergaL.
Motor fuel:
Gasoline (including aviation) :
1
1
1
Production total
thous.ofbbl i 107, 893 108, 250 105, 325 1107,167 105, 896 i 111, 753 i 112, 808 i 102, 342 i 109, 838
Gasoline and naphtha from crude oil
1
i
94,
798
*
92,
126
i
95,
092
i 92, 249 i 98, 878 i 99, 419 i 90, 424 i 97, 207
93,
595
thous.ofbbl
10, 334
10, 487
10,612
10, 604
9,828
10, 857
10, 099
9,451
10, 067
Natural gasoline used at refineries
do _ _
2,712
3,118
2,532
2,973
2,
960
2,564
3,043
2,776
2,467
Natural gasoline sold to jobbers
do
Domestic demand
Stocks, end of month:
Finished gasoline
__
At refineries
Unfinished gasoline
Natural gasoline and allied products
i 112,231
do
.do
do
do
do
110, 223
1
104, 706 i 105, 607
1
102, 393 i 104, 258
4,740
3, 766
9, 430
1,097
4,818
3,750
9,233
1,208
.180
.180
.180
105, 069 '1111,759
1
92, 793 r i 99, 016
10, 027
9,486
2.716
2,790
1
.180
p. 180
.108
125
.219
p. 110
p 125
.218
111,759
1
99, 291
10, 001
2,467
i 96, 397 i 88, 464 i 105, 684 i 111,116 rl 115, 707 1 120, 710
1 149, 045 1 144, 615 i 1142, 437 i 141,046 1 142, 163 1 146, 679 i 159,486 i1 170, 422 i 172, 396 i 165, 413 1 158,552 i 147, 154
74, 78fi i 73, 571 i 74, 291 i 80, 970 i 92, 092 101, 070 i 101,119 i 93. 285 i 85, 132 i 76, 363
_ _ _ i 79, 989 i 77, 159
8,479
8,965
8,721
10, 076
8,553
8,615
8,441
11, 221
11,576
10.199
10, 188
10, 285
15, 379
15, 358
12, 973
15, 703
14, 038
12, 805
15,868
15, 168
12,004
14, 976
13, 460
16, 327
2,341
2,084
2,202
2,384
2,056
2,154
1,765
1,641
1,559
1,642
' 2, 139
2,000
.105
.135
.214
.105
.125
.217
.105
.125
.213
.105
.125
.213
.105
.125
.213
.105
.125
.213
.105
.125
.211
.105
.125
.212
.105
. 125
.214
.105
.125
.216
.108
.125
.215
.108
.125
.214
8,182
6, 435
9,572
5,483
8,599
6,748
9,962
5,799
7,709
6,127
9,796
5,841
7,966
6,209
9,876
6,051
7,717
6,090
9,506
5,730
8,561
7,008
9,218
5, 569
8,019
6,064
10, 130
6,113
7,245
5,745
10, 302
6,380
8,217
5,934
10, 030
6,063
7,878
6,433
9,605
6,098
8 771
6,496
9,675
6, 124
8 926
7 169
8,557
5 230
8,850
8,542
8, 726
7,150
7,999
5,912
7,413
5,702
5,371
6,165
4,200
7,175
4,246
8,623
4,230
9,888
5,067
10, 869
6,278
11, 779
7,827
11, 524
8 799
9,943
433
597
408
571
453
567
450
572
485
589
404
562
433
579
427
578
466
542
441
552
423
554
464
527
thous. of squares
5,291
6,069
7,103
6,129
5,149
3,134
3,190
3,264
5,533
6 099
5 972
r Q 950
5 232
do
do
- do_ __
do
_ _ _ _ .short tons__
993
1,129
3,169
113
71,057
1,153
1,343
3, 573
145
74, 951
1,364
1,572
4,167
151
92, 242
1,248
1,338
3,543
142
74, 223
989
1,157
3,002
124
71, 952
568
674
1,892
84
56, 707
603
686
1,902
85
62, 720
652
687
1,925
79
81, 326
1,134
1,063
3,336
125
112, 726
1 088
1 100
3 912
98
89 320
986 T 1 136
1 115 r \? 31fi
3 870 f 4 498
r 109
91
77 040 r 109 404
1 075
3 305
Exports (motor fuel, gasoline, jet fuel) §
do _ Prices, gasoline:
Wholesale, refinery (Oklahoma, group 3)
dol. per gal. _
Wholesale, regular grade (N. Y)
do
Retail, service stations, 50 cities
_.do _ _ .
Aviation gasoline:
Production total
thous.ofbbl
100-octane and above
„.
do
Stocks, total
__
do
100-octane and above
do
Asphalt :0
Production
__
do
Stocks, refinery, end of month
do
Wax:O
Production
do
Stocks, refinery, end of month
_ __
do _
Asphalt products, shipments:
Asphalt roofing, total
Roll roofing and cap sheet :
Smooth surfaced
Mineral surfaced
Shingles, all types
Asphalt sidings
Saturated felts
1
1
4,691
3,589
9,615
1,211
852
92
69 185
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
2,304
Receipts __ _
thous. of cords (128 cu. ft.) _
2,266
Consumption
do
4,737
Stocks, end of month
do
Waste paper:
Receipts
- short tons - 593, 086
576, 537
Consumption
._
__do
Stocks end of month
__ __
_do . . 466, 326
r
2. 713
' 2, 837
' 4, 235
2,488
2,515
4,708
2,487
2,414
4,794
2,701
2,644
4,854
2,557
2,579
4,840
2,645
2,417
5,070
2,823
2,680
5,386
2,690
2,512
5,563
2,647
2,862
5,348
2,189
2, 752
4,785
670, 672
694, 972
440, 130
671, 957
683, 164
419, 126
697, 893
702, 283
414, 332
682, 749
678, 695
422, 740
674, 021
643, 691
454, 263
655, 291
686, 004
428, 747
643, 881
676, 121
397, 734
785, 696
785, 023
398, 987
743, 006
733, 154
407, 295
795, 214 r 865, 151
793, 855 r 904, 539
408, 530 r 779, 120
781 291
729^173
829, 939
1,605
71, 702
865, 602
207, 051
38, 769
203, 727
105, 102
1, 505
61,825
802, 452
195, 329
31. 407
200, 111
104,055
1,686
74, 840
921, 247
208, 075
34, 620
210, 356
109, 301
1,635
75, 558
891, 867
199, 166
35, 369
207, 820
104, 053
1,494
71,775
779, 533
190, 937
33, 068
203, 628
102, 368
1,658
77, 177
893, 237
210, 378
36, 043
212, 089
103, 911
1,570
72, 169
859, 752
194, 737
34, 580
205, 815
94, 903
1,781
82, 068
961, 040
223, 270
38, 377
233, 917
110, 592
1,710
70, 592
927, 171
226, C64
37, 534
221, 661
106, 167
1,803
' 1, 767
91, 541
89, 200
987. 863 971,442
215. 292 209, 951
37, 728
37, 393
226, 424 r 21 9, 572
110. 519 '111,917
1,629
66, 569
892, 690
196, 240
30, 479
210, 505
110, 337
177, 846
49, 317
33, 518
4,008
25, 218
176, 083
49, 791
36, 929
2,995
22, 749
182, 082
57, 239
38, 384
2,777
21,251
195, 442
61, 184
42, 645
2,760
20, 852
157, 626
44, 067
32, 020
2,975
18, 440
173, 972
48, 954
37, 132
3,206
18, 366
166, 660
54, 587
35, 437
2,673
17, 960
157, 297
53, 628
32, 767
2,696
19, 320
157, 450
52, 158
35, 737
3,196
22, 583
165, 623
53, 906
32. 870
3,173
23, 247
169, 077
55, 675
34, 930
3,708
22, 806
2,416
2,842
4,359
2, 738
2,609
4, 363
WOOD PULP
Production:
r 1,413
Total, all grades
_ thous. of short tons
' 55, 432
Dissolving and special alpha
short tons
' 740, 763
Sulphate (paper grades)
_ __ do
r 182, 691
Sulphite (paper grades)
do
27, 634
Soda
do
193, 596
Groundwood
do
105, 428
Defibrated, exploded, etc do
Stocks, own pulp at pulp mills, end of month:
Total, all grades
- short tons _ r 173, 604
Sulphate (paper grades)
-_ d o _. ' 50, 839
Sulphite (paper grades)
do _ _ . ' 33, 189
4,315
Soda.
_
_
__
_ do
26, 289
Groundwood
_ _ do _ _ Exports, all grades, total
Imports, all grades, total
Dissolving and special alpha
Sulphate
Sulphite (paper grades)
Soda _
Groundwood__
_ _
______
__
do _ _
do
___ do
_ __do
__ .do
do
_ _
do
174, 343
51,517
35,417
3,563
24, 284
59, 623
44, 894
49, 790
44, 131
39, 932
53, 394
48, 968
62, 264
54, 430
55, 532
49, 338
49, 839
163, 559
20, 340
78, 867
43, 738
2,477
17, 670
172, 705
18, 178
80, 693
48, 551
3,154
21,117
171, 727
22, 724
72, 923
51, 432
3,876
19,951
174, 891
16, 881
83, 849
51, 624
3,201
18, 548
206, 427
19, 078
88, 053
68, 646
3,018
26, 028
169, 498
16, 675
72, 462
52, 242
3,321
24, 174
160, 267
10, 206
68, 046
54, 894
2,733
23, 748
149, 146
13, 761
67, 875
46, 000
3,388
17, 622
208, 589
19, 083
94, 981
69, 680
4,259
19, 834
159, 580
18,815
68, 068
51, 879
3,128
17, 306
181, 105
19, 225
77, 829
62, 114
3, 532
17, 569
208, 384
21,534
96, 063
65, 225
3 882
20, 438
PAPER AND PAPER PRODUCTS
All paper and paperboard mills:
Paper and paperboard production, total
2,214
thous. of short tons__
r 1, 995
2,288
2,367
2,294
2,249
2, 161
2,345
2,457
2,575
Paper (inch building paper)
do
973
1,117
1,090
1,150
1,110
1,067
1,140
1,251
1,198
1,086
Paperboard
_
do
993
1,040
'895
1,077
1,051
971
1,066
1,036
1,181
1, 126
Building board
__
do
127
132
131
133
123
140
144
138
133
127
r
l
Revised.
» Preliminary.
See note "1" on p. S-35.
t Re visions for 1952 appear on p. S-35 of the February and March 1954 issues of the SURVEY.
§Revised effective with the October 1954 issue of the SURVEY to cover items indicated.
0 Asphalt—5.5 bbl. = 1 short ton; wax—1 bbl. = 280 Ib.
2, 545
1,223
1, 183
139
' 2, 559
'1,221
r 1,211
127
2,559
1,093
1,037
136
SURVEY OF CURRENT BUSINESS
September 1055
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-37
1955
1954
DecemAugust SeptemOctober November
ber
ber
July
January
February
March
May
April
June
July
984, 572
804, 780
953, 000
959. 604
432, 507
907, 000
850. 000
858, 000
866, 000
419, 000
118,000
112,000
104,000
August
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association) : t
Orders new
snort tons
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks, end of month
do
Tine paper:
Orders, new
do
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
do
Printing paper:
Orders, new
do
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English
finish, white, f. o. b. mill
dol. per 100 lb-_
Coarse paper:
Orders, new
_ ._
_
short tons
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks end of month
do
Newsprint:
Canada (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
thous. of short tons
Orders unfilled end of month
do
Production total
do
Percent of activity
- Paper products:
Shipping containers, corrugated and solid fiber,
shipments}
mil. sq. ft. surface area..
Folding paper boxes, value:
New orders
- 1947-49=100Shipments
-do
813, 521
586, 982
758, 7^0
756. 183
410, 562
881, 041
609, 967
888, 960
880, 206
421, 584
867, 980
612, 394
861.811
856, 917
428, 204
885, 680
598, 202
915.483
904, 536
432, 502
874, 399
586, 500
889, 438
885, :>29
437, 830
899, 528
606, 314
852, 704
856, 746
436, 197
972, 198
713, 450
929, 531
930, 057
445, 704
919, 462 1,049,167 ' 956, 398 ' 959, 227 '
701, 823 756. 796 ' 750, 857 ' 770, 638r
879, 740 999. 586 '951,842 ' 957, 971 '
878, 503 1,007,283 ' 939, 243 ' 952, 233'
420, 633 413, 523 ' 422, 673 ' 42b, 676 '
97, 310
64, 215
91, 363
91, 221
98, 804
106, 820
63, 587
112,279
106, 813
104, 741
108, 552
63, 230
110,331
107, 736
109, 274
115, 249
61, 590
119, 167
113, 274
109, 693
114,110
49, 454
116,306
111,707
110,621
124, 404
62, 182
118,147
116, 191
115, 606
117,488
62, 044
121,499
124, 663
111,117
124, 258
72, 464
116, 663
107, 514
133, 436 ' 124, 355 r 126, 145 "131,984
75, 623 ' 78, 121 ' 85, 877 ' 92. 526
127, 720 ' 120, 576 125, 178 ' 126, 825
134, 092 f 120, 433 124. 527 ' 134, 057
101,471 ' 97, 470r 103, 064 r 104, 9o3
290, 954
292, 307
256, 760
255, 785
150, 515
297, 809
295, 870
308, 034
306, 948
151, 600
307, 601
302, 427
299, 596
297, 900
153, 295
308, 606
294, 559
311,139
310, 483
153, 951
292,411
290, 345
302, 431
303, 304
153,078
324, 111
300, 129
290, 773
297, 369
146, 482
345, 687
375, 230
313, 879
309, 920
150,441
313, 528
359, 160
295, 390
292, 057
153, 774
362, 385
382, 387
343, 915
344, 114
153, 575
13.80
13.80
13.80
13.80
13.80
14.00
14.10
14.10
265, 092
120, 685
252, 002
249, 880
95, 198
302, 502
140, 375
293, 602
289, 863
99, 898
283, 590
138, 597
281, 316
280, 946
99, 935
285, 726
136.413
301, 887
302, 127
98, 741
290, 966
132, 982
297, 084
297, 306
96, 021
286, 546
128, 452
278. 058
281, 499
90, 575
306, 833
152 296
302. 253
298,916
105, 718
304, 226
149, 642
293, 127
287, 841
88, 954
354, 187 ' 318, 673 r 316. 837 ' 305, 258
176, 421 ' 172, 252 r 180, 471 ' 176, 282
331, 643 r 310, 098 ' 313, 374 '312,198
332, 755 '311,065 ' 300, 000 ' 312, 230
90, 437 ' 84, 596 ' 87, 683 ' 93, 720
503, 979
481, 686
174, 687
503, 145
518, 844
158, 988
491, 153
482, 559
167, 582
525, 996
541. 835
151,743
522, 109
542, 994
130, 858
500, 119
505, 987
124, 990
490, 822
466, 253
149, 559
479, 286
464, 060
164, 785
539, 129
512, 033
191, 881
518, 627
540, 516
169, 992
521, 322
525, 000
166, 314
507, 774
543, 424
130, 664
490, 405
502, 402
118, 667
338, 471
96, 324
96, 597
360, 825
99, 492
98, 503
388, 321
96, 592
98, 202
437, 191
110,328
107, 407
420, 422
106, 479
107, 920
407, 980
109, 217
111,526
383, 520
115,577
113,882
365, 221
109, 924
110 597
438, 895
125, 456
125, 065
431, 788
120, 917
121, 098
455, 404
133, 487
131, 093
422, 246
131, 212
133, 370
378, 434
124, 501
121, 679
7,654
481, 612
71, 086
393, 098
8,643
508, 703
66, 199
433, 107
7,033
490, 256
64, 769
396, 943
9, 954
448, 907
77, 057
415,231
8,513
434, 131
88, 372
455, 406
6,204
439, 446
76. 917
445, 761
7,899
417, 757
131,058
392, 506
7,226
7,617
383, 069
82, 644
435, 767
7,436
9,830
7,672
412, 197
87, 686
364, 320
369, 230
78, 792
421, 245
340, 438
86, 432
446, 714
345, 172
86, 398
447, 516
10, 494
358, 669
83, 691
13.80
121,485
' 318, 876 327, 702
' 372, 196 380, 025
f 317, 154 ' 326, 328
' 312, 706 330, 082
' 158, 023 T 154, 269
' 363, 120
' 414, 884
' 324, 278
' 327, 357
14.10
14.10
14.10
'151,190
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125. 75
125.75
125. 75
125. 75
960.4
390.3
908.9
74
1, 039. 7
330.7
1,065.2
92
1, 064. 7
428.8
1, 004. 3
88
1,088.0
390.5
1, 103. 7
94
1, 074. 5
343.2
1,096.0
93
1, 063. 0
363.0
1, 054. 4
82
1,020.3
450.7
1,013.3
92
1, 085. 0
1,311.7
1, 163. 1
1, 248. 4
621.0
1, 187. 2
1, 239. 0
6,412
7,209
7,444
7,666
7,245
7,041
6,808
173.7
159.9
199.8
183.9
194.1
180.0
187.2
186.9
167.9
177.1
179.8
168.2
' 184. 7
' 172. 3
923
714
209
802
661
141
888
754
134
1,408
1,198
210
941
811
130
860
701
159
523.4
1, 043. 1
95
507.6
515 7
1, 214. 1 1, 142. 2
96
95
96
109, 000
98, 000
308, 000
426, 000
282, 000
295, 000
138, 000
' 14. 45 * 14. 45
309, 000
188, 000
295, 000
294, 000
91, 000
384, 679
404, 002
80, 982
125. 75 v 125. 75
1, 082. 4
1, 305. 7
582.2
602.9
665.8
1, 210. 6
1, 019. 2
1, 264. 3
99
81
99
6,870
8,226
7,863
7,948
8,171
7,098
8,603
176. 7
151.8
' 193. 9
' 178. 9
' 188. 1
' 168. 0
' 183. 8
' 167. 1
' 198. 9
' 179. 9
187.3
150.3
206.6
950
756
194
1,102
1,175
1,069
855
247
965
210
920
692
228
723
588
135
50, 997
97, 189
50, 880
58, 472
102, 058
61, 250
52, 963
101, 620
61, 113
T
188.5
PRINTING
Book publication total
New books
New editions
number of editionsdo
do_ __
971
771
200
838
231
993
800
193
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
_ __ long tons.Stocks end of month
do
Imports including latex and guayule}
do
Price, wholesale, smoked sheets (New York)
dol. per lb-_
Chemical (synthetic):
Production
long tons__
Consumption
do
Stocks, end of month
do
Exports
do
Reclaimed rubber:
Production
-- __do
ConsumDtion
- - do. _
Stocks end of month
do
37, 894
109, 564
40, 601
38, 069
124, 810
59, 124
52, 412
119, 191
48, 618
55, 970
115,970
49, 432
53, 326
105, 025
45, 474
55, 096
102, 943
43, 557
56, 911
101,050
49, 941
54, 746 ' 56, 282 46, 357
106, 650 ' 100 861 106 432
52, 762
61, 042
.244
.231
.241
.265
.273
.288
.325
.354
.313
46, 964
41, 552
162, 944
3,228
48, 807
42, 051
170, 159
3,018
51, 384
53, 878
161, 662
2,161
55, 644
58, 309
161,167
3,294
55,018
57, 287
156, 905
2,908
58, 456
64, 130
150, 175
2,672
69, 929
68, 379
147, 813
3,422
67, 679
67 614
141, 660
3 148
78, 506
77 118
143, 513
4 454
75, 705
72 046
141, 418
5 564
81, 974
78, 158
81 930
75 409 ' 79 482 63 225
142. 981 ' 135, 370 144, 919
8,710
5 740
17, 907
16, 301
31, 304
15, 444
17, 660
27, 692
22, 332
19,926
29, 632
23,444
22, 098
30, 395
22,915
22, 321
29, 451
25, 762
24, 546
30 746
25, 237
25, 322
29, 656
25, 332
24, 333
30 125
29, 574
28, 674
30 311
26, 678
26, 609
30, 068
27,911 ' 30, 426
24, 038
27 652 ' 29, 157
22 684
29 528 ' 29 725 29 811
thousands. _
do
do
- __do
do
__ _
do_
do._-
6,359
8,878
2,782
5,941
155
12, 640
136
5,426
8,056
2,527
5,405
123
9,985
116
7,277
6,265
1,601
4,533
130
11, 193
131
7,867
6,264
1,868
4,248
147
12, 799
120
7,624
6 840
3,124
3,558
158
13, 676
147
8,442
7 344
3,707
3,468
169
14, 762
141
9,040
8 911
3,785
4,967
159
14, 949
134
8 745
8 272
3 833
4,281
157
15 368
155
10 083
9 907
4 780
4,926
201
15 609
180
9 153
9 937
4 457
5,315
165
14, 890
155
9 949
9 865
4 352
5,361
152
14, 936
154
10 703
10 234
3 931
6,129
174
15 460
155
9 027
9 729
3 890
5,711
128
14 684
do_
do_
do__ _
do
4,131
6,328
8,429
67
3,772
5,661
6,588
73
4,489
4,049
7,296
65
3,946
3,207
8,313
62
3,242
2,691
8,706
69
3,200
2,569
9,519
70
3,089
4,116
8,252
58
2,850
2 862
8 244
81
3,234
3 327
8,217
96
2,836
3 250
7,963
87
3,005
3 233
7,735
62
3, 136
r 3 565
7 326
78
2 768
3 450
6 664
.323
.314
.348
.400
.455
TIRES AND TUBES
Pneumatic casings: d"
Production
- -Shipments total
Original equipment
Replacement equipment
Export
Stocks end of month
Exports
_ _
Inner tubes: d1
Production Shipments
Stocks end of month
Exports
--
' Revised.
P Preliminary.
J Revisions for 1947-April 1955 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 comparable.
Revisions for January 1953-April 1955 for shipping containers will be shown later; those for various months in 1952 for rubber imports appear in the May 1954 SURVEY.
d"Data for production, shipments, and stocks have been revised beginning January 1953. Revisions for January-May 1953 and January-May 1954 are available upon request.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statis-fics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
September 105,
1955
July
October ji
August September
December
ber
January
February
March ! April
May
June
Tulv
164, 070
STONE, CLAY, AND GLASS PRODUCTS
ABRASIVE PRODUCTS
Coated abrasive paper and cloth, shipments
reams _
142, 262
151,217
173, 046
169. 267
167, 960
171,087
181.812
178. 210
209, 147
194, 005
188, 764
199, 367
25, 482
102
27, 702
1 7, 524
7,203
25, 698
103
28. 887
14 408
6,029
25, 522
106
29, 03"?
10 909
4, 720
25. 887
104
27, 134
9 667
3. 8QS
23 826
98
22 766
10 732
3. 634
22. 290
89
16.347
16 722
5, 274
20 231
81
13.520
23 436
7,888
17,612
78
14,031
27 018
10,812
22. 409
90
22, 941
12. 571
24 847
103
25 295
26 071
12 044
27 066
108
29 527
23 651
10 439
26 783
111
31 , 606
18 828
8,478
537, 984
573, 536
582, 952
586, 532
576, 185
589, «40
561. 190
571. 103
557. 097
548, 588
519, 144
464, OSO
468, 522
412, 028
445, 775
405, 001
502, 507
568, 469
569, 355
605, 391
613, 871
652, 091
653, 910
684, 429
PORTLAND CEMENT
Production
Percent of capacity
Shipments
Stocks finished end of month
Stocks clinker end of month
thous. of bbl
thous. of bbl
do
do
% 4*7
r
CLAY PRODUCTS
Brick, unglazed:
Productiont
thous. of standard brick..
Shipments t
do
Price, wholesale, common, composite, f. o. b.
plant
- - -dol. per thous.
Clay sewer pipe, vitrified::J
Production
.. .short tons. _
Shipments
- - do
Structural tile, unglazedrt
Production
-- do.
Shipments
do
623, 164
627, 200
r
28. 193
28. 289
28. 382
28. 382
28. 430
28. 430
28. 642
28. 559
28. 559
28. 654
28, 750
28. 846
135, 475
153, 426
148, 594
162, 363
156, 115
157, 590
148, 169
153, 246
148, 573
140. 320
151,619
121,607
132, 268
100, 512
133, 933
108, 975
163.417
148. 750
142, 879
147, 018
156, 551
173 337
179, 359
197, 360
151, 504
170 587
83, 890
78, 663
84, 626
80,906
81, 278
77, 095
81,367
79, 160
79. 699
71.874
68. 621
64, 351
65, 827
63, 716
65, 438
59, 583
72, 470
69, 059
65, 146
70, 105
67 600
72, 353
77, 358
77. 109
72 615
69, 870
10, 850
9,970
11,429
11,148
9.929
10. 730
10. 908
10. 145
9 305
9. 255
8. 538
8.891
10 449
9. 593
10,211
9,177
11 293
10, 930
11 045
10, 422
11 758
11 635
12 219
12 063
11 858
10 996
28. 952 p 29 300
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 household ware, shipments
thous. of dozens. .
925
1,098
1,511
1,121
830
833
846
1,038
1,052
1 114
1 176
1 217
2,930
3,724
3,210
3,033
2,670
2,514
3,016
2,719
2,836
2,699
3,277
3,226
3,093
912
1,133
856
2,172
825
217
525
900
950
2,669
996
286
343
677
1, 165
2, 530
985
303
325
586
1,408
2. 452
977
243
310
561
1,304
2,409
926
245
506
677
1,012
2, 369
757
289
392
596
847
2 772
923
214
455
536
976
2,564
903
178
853
854
1,257
2 894
997
201
980
1 070
1,097
2 399
930
195
1,311
1 156
1 060
2 555
959
203
1.510
1 282
1 167
2 491
998
213
1,230
1 161
972
2 196
915
212
14, 353
14, 397
13, 336
13, 721
13.461
12,892
13 301
14 058
14, 247
14 521
14 331
14 327
14 805
3,943
4,616
8,751
5,131
« 5,220
8,652
5,122
4,768
9,036
5,780
6,270
8,535
5,489
4,888
9,181
4,568
4,237
9, 450
5,492
4 897
5,254
4 721
5, 725
5,619
5, 513
5 255
5,647
5 618
5 669
5 527
4, 916
4 568
2,606
2,966
3,503
4,175
3, 1 80
2,853
2,752
3,089
3, 672
3,084
2, 834
2,996
2,372
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous of short tons
Production
do
Calcined, production, quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined
short tons
Calcined:
For building uses:
Base-coat plasters
do_.
Keene's cement
do
All other building plasters
do
Lath
thous ofsq. ft
Tile
-do
Wallboardc"
do._ _
Industrial plasters
short tons .
1,140
2,396
2,070
838
2, 550
2,026
664
2 333
2, 025
877
2 751
2,148
746, 827
814,663
650 083
753 092
493, 276
13, 984
266, 419
688, 526
8,335
1, 070, 718
60, 138
400, 172
12, 114
254, 640
641,847
8,303
1,136,922
66, 327
395, 234
12 758
243, 148
683 286
7,275
1,174,386
73, 624
476 667
14 846
297 277
724 380
10. 083
1,203,084
72 338
TEXTILE PRODUCTS
APPAREL
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. of doz._
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
10, 811
13,685
15, 156
14, 454
14,560
944
280
3.312
1, 660
480
4,032
' 1,655
i 440
< 4, 620
1,450
352
4, 464
1,592
324
4,272
1,288
1,556
i 1,795
1,692
1,728
288
300
392
396
i 435
1430
408
384
360
364
12, 776
12, 335
12, 969
14, 162
12, 001
i 2, 050
i 320
4, 980
1,848
296
5, 712
1,816
288
4,944
i 2, 065
1335
i 5, 940
1, 636
372
5,856
1,816 i T 1, 945
i 550
496
5,328 ' t 5, 520
1
1,840
1,876
1
2, 225
1,908
1,744
352
300
388
300
»435
1
415
416
360
1
1,715
1
340
' 265
10,713
424
360
12, 585
' 1. 865
r
i 425
i 410
10. 260
1,004
300
3, 696
P 1.832
P560
" 5, 088
1, 356
304
324
p 396
Women's, misses', juniors' outerwear, cuttings:*
2, 751
2,452
2, 269
Coats
thous. of units. . r r 2, 165
2, 4(53
2.035
2,187
2,110
2,896
887
1,146
2, 170
1.839
16, 908 20, 429
17. 593
18,511
18, 675
17, 157
20, 453
20, 273
Dresses
.. do ...
28. 070
29, 459
28,912
17, 136
24,548
* 1, 108
1,464
1, 257
738
1,158
Suits
do
874
1,756
1,846
1,773
880
782
1, 137
1,040
1,200
986
1,140
Waists, blouses, and shirts
thous. of doz._. ' 1, 067 1,234
1,170
1,289
1,248
1,446
1,358
970
1,280
1.286
r
1
Revised.
» Preliminary.
Data cover a 5-week period
^Revisions for 1952 are shown in the August 1953 SURVEY.
d"Includes laminated board (reported as component board); also sheathing and formboard.
*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 1954
are based on a monthly sample survey of manufacturers, accounting for approximately 75 percent of total production; data prior to 1954 are based on a sample covering establishments that
accounted for about 90 percent of the total 1950 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 approximately 75 percent of total output. Data prior to 1952 for all series
and for January-December 1952 for men's dungarees and waistband overalls 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.
IData
for September and December 1954 and March and June 1955 cover 5-week periods arid for other months, 4 weeks.
0
Includes cumulative revisions for June-August 1954.
SUEVEY OF CUEEENT BUSINESS
September 1955
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
S-39
1954
July
1955
DecemAugust SeptemOctober November
ber
ber
January
February
March
April
June
May
July
August
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginnings^
thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous of bales
Consumption^!
bales
Stocks in the United States, end of month,
totalf
thous. of bales ...
Domestic cotton, total
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do-_.
Foreign cotton total
do
E xports
Imports 9
Prices (farm), American upland
Prices, wholesale, middling,
markets
Cotton linters:!
Consumption
Production
Stocks end of month
bales
do - _
cents
per
Ib
15
/i&", average 10
cents per Ib
thous. of bales
do
do
388
1,695
5,690
9,689
12, 455
1 13, 017
2
3
13, 413
13, 618
3 13 696
892, 892
313
1 388
541, 553
667, 443
815, 315
706, 603
703, 697
801, 748
711,286
720, 815
696, 354
703, 240
849, 116
566, 640
5 12 873
717' 227
9,728
9,653
255
8,224
1,174
75
21,996
21,917
12, 631
8,304
982
79
20, 992
20, 921
8,990
10, 862
1,069
71
19, 948
19, 884
5.803
12, 733
1,348
64
18, 863
18, 804
3,484
13, 803
1,517
59
17, 580
17, 516
2, 057
13, 824
1, 635
63
16, 463
16, 401
1,190
13, 445
1,767
62
15, 351
15, 242
731
12, 668
1,843
109
14, 295
14,236
556
11,848
1.832
58
13,461
13, 395
459
11,162
1.774
66
12, 588
12,517
442
10, 399
1,676
71
11,479
11, 408
232
9,705
1,471
70
11, 121
11. 055
220
9.474
1,361
65
9,729
1,173
61
227, 855
8,719
32.2
189, 585
9,941
34.0
199, 322
6,538
34.6
350, 853
6,635
34.7
389, 625
6,898
33.2
496, 566
10, 129
32.7
334, 157
16, 489
32.5
307, 456
16, 805
31.7
369, 241
28, 374
31.9
239,330
16,594
31.9
230, 690
12, 493
31.5
280. 923
9,049
31.4
58, 855
34.4
34.2
34.5
34.3
33.9
34.1
34.2
34.2
33.7
33.6
33.9
34.0
33.8
96
66
1,533
112
82
1, 525
MOO
* 177
1,587
117
224
1,666
117
214
1,763
113
196
1,785
125
187
1,831
115
166
1,827
137
* 140
1,793
135
102
1,738
142
87
1,666
1,559
48, 282
4,355
47,160
5,110
2,302
50, 809
7,622
55, 821
6,907
48, 511
10, 887
2,497
52, 641
9,953
44, 123
7,683
47, 427
7,035
' 2,594
64, 552
10, 940
47, 886
8,481
49, 821
9,492
2,451
41, 467
9,305
26.48
34.7
15.8
16.3
26.51
35.9
16.3
16.4
26.00
35.9
16.5
16.4
26.60
35.9
16.5
16.5
26.80
35.9
16.3
16.6
26.50
35.1
15.9
16.6
27.29
34.9
16.5
16.6
27.37
34.9
16.5
16.6
27.78
34.9
16.3
16.6
27. 36
34.9
16.0
16.5
26.59
34.9
15.8
16.3
26.34
34.9
16.0
16.1
26.65
34.9
16.3
16.1
" 35. 4
P16.3
pl6. 9
.636
.917
.633
.917
.633
.919
.642
.931
.637
.931
.642
.933
.659
.931
.664
.947
.665
.947
.664
.945
.663
.945
.665
.949
'.668
'.955
v . 677
v . 969
20, 626
19,299
20, 633
19,306
20, 634
19, 276
20. 696
19, 295
20,782
19, 348
20, 626
19, 136
20, 782
19, 282
20, 892
19,365
20, 674
19, 160
19, 824
18, 302
19,840
18, 335
20, 708
19, 147
20, 735
19, 136
12, 400
496
11,485
* 138. 5
9,594
488
8,854
136.8
9,678 4 11, 789
484
481
8,937 4 10, 867
135.7 4 135. 0
8,234
433
7 546
121.7
10, 088
504
9 293
141.4
4
4
4
4
4
4
4
4
129
457
32.1
127
51
1,475
32.7
141
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 _
Imports 9
do
Prices, wholesale:
Mill margins
cents per Ib
Denim, 28-inch
_
centsperyd__
Print cloth, 39-inch, 68 x 72
do
Sheeting, in grav, 40-inch, 48 x 44-48
do...Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded, weaving
dol. perlb__
36/2, combed, knitting
do
Spindle activity (cotton-system spindles) :5
Active spindles, last working day, total
Consuming 100 percent cotton
thous_.
do
Spindle hours operated, all fibers, total___mil. of h r _ _
Average per working dav
_
do
Consuming 100 percent cotton
do
Operations as percent of capacity
7,151
376
6,579
103.7
4
9,171
11,222
459
458
8,582 * 10, 455
126.2 * 126. 0
9,735
493
9,042
136.3
9,464
485
8,768
134.6
4
4
20, 954
19, 429
11, 059
442
10, 239
4
122. 5
9,934
497
9,184
138.0
10, 046
511
9,299
142.5
4
4
RAYON AND ACETATE AND MFRS.
Filament yarn and staple:
Shipments, domestic, producers':
Filament yarn
mil. of Ib
Staple (incl. tow) _
_
do
Stocks, producers', end of month:
Filament yarn
do
Staple (incl. tow)
do
Imports
.-thous. of Ib _
Prices, wholesale:
Yarn, viscose, 150 denier, filament, f. o. b. shipping
point -- dol. per lb_Staple, viscose, \\k denier
do
Rayon and acetate broad-woven goods, production,
1
quarterly d
thous of linear yards
SILK
Silk, raw:
Imports
thous. of lb_Price, wholesale, white, Japanese, 20/22 denier, 87%
(AA), f. o. b. warehouse
...dol. perlb..
53.1
32.1
53.2
35.8
62.1
32.4
64.2
32.4
66.9
33.5
70.4
34.9
65.8
35.4
67.9
33.0
83.9
39.1
77.5
33.0
70.5
30.2
'68.8
'30.2
65 5
27 5
70.2
29.0
2,940
73.2
30.1
5,785
64.8
30.3
7,535
61.4
33.1
8,300
58.9
33.6
9,915
55.6
32.0
12, 096
55.5
28.6
11, 906
50.4
25.8
11,356
'44.3
'22.2
17,734
39.3
22.1
18,604
'40.1
r
21.0
18, 800
'43.6
'20.5
17,904
46.3
24 8
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.780
.336
.830
.336
.830
.336
830
336
.830
.336
.830
336
p . 830
P 336
*4.85
407, 576
T
464, 858
654
890
567
814
777
692
1,400
812
4.55
4.68
4.83
4.75
4.78
4.60
4.61
4.53
21, 085
5,479
23, 705 *4 24, 405
9,185
11 498
19, 850
9,459
18, 740
9 095
19,012
8,989
18, 478
9,401
17, 757
8, 085
16, 998
8,316
1.756
1.166
1.762
1.211
1.771
1.220
1. 725
1.725
1.725
478, 901
879
4.46
471 726
585
4.56
658
492
4.58
4.60
4.76
20, 714
6 637
WOOL
Consumption, mill (clean basis) :^J
Apparel class. -.
thous. of lb._
Imports, clean content 9
_
do
Apparel class (dutiable), clean content*
do
Prices, wholesale, raw, Boston:
Territory, 64s, 70s, 80s, clean basis
dol. per lb_Bright fleece, 56s-58s, clean basis
do
Australian, 64s, 70s, good topmaking, clean basis, in
bond
dol. ner Ib. .
r
4
4
22, 599
11 070
21, 349
9 960
22, 725
10 195
4
27, 121
4 12 676
22, 722
10 217
23, 495 r 4 27,041
10 336 r 4 \l 260
13, 897
7,884
14, 453
7,828
19, 629
12, 029
17, 956
9,313
26, 938
13, 071
23, 703
11,565
23, 578
11.688
22 999
10 331
1.712
1.196
1.600
1.075
1. 560
1. 135
1. 550
1.146
1. 556
1 191
1. 535
1 138
1.495
1 095
1.475
1 072
1.435
1 066
1.425
1 086
1.385
1 069
1. 725;
1. 675i
1.625
1.525
1. 475
1. 475^
1.475
1. 475
1 . 475
1 47K
i aqn
2
3
4
6
Revised.
f Preliminary.
' Ginnings to December 13.
Ginnings to January 16.
Total ginnings of 1954 crop.
Data cover a 5-week period
September 1 estimate
of 1955 crop.
§ Total ginnings to end of month indicated.
<|Data for September and December 1954 and March and June 1955 cover 5-week periods and for other months, 4 weeks; stocks and number of active spindles are for end of period covered.
9 Revisions for 1952 appear in corresponding note in April 1954 SURVEY.
*New series. Imports of wool are compiled by the U. S, Department of Commerce, Bureau of the Census; dutiable wool covers essentially the apparel class: data prior to April 1952 will be
shown later.
{Revisions for 1952 are shown in the August 1953 SURVEY.
cf Re visions for broad-woven goods for first and second quarters of 1952 are shown in the October 1953 SURVEY.
SUEVEY OF CURRENT BUSINESS
S-40
September 1955
1955
1954
Unless otherwise stated, statistics through 1952 and
descriptive notes are shown in the 1953 Statistical
Supplement to the Survey
July
August
SeptemDecemOctober November
ber
ber
January
February
March
April
May
July
June
August
TEXTILE PRODUCTS—Continued
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
dol. per Ib
Woolen and worsted woven goods, except woven
felts :J
Production, quarterly, total
thous of lin. yd
Apparel fabrics, total
do
Government orders
do
Other than Government orders, total
do
Men's and boys'
do
Women's and children's
do
2.043
Nonapparel fabrics, total-.
_
__
_ do
Blanketing
do
Other nonapparel fabrics
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, 12-13 oz./yd., 57"/60"
1947-49=100..
Gabardine, 10^-12^ oz /yd., 56"/60"O
do
112.9
103.6
2.037
112.9
103.6
2 037
2 013
1.989
72 493
67 604
458
67 146
28 043
39 103
74 972
69 476
1 208
68, 268
34 038
34, 230
4 889
2 949
1,940
5,496
2 554
2,942
112.9
103 6
111.6
103.6
112.1
103 6
1.928
1 928
1.916
1.916
1.879
1.867
r
T
r
r
4, 200
2 815
' 1, 385
112.1
103.6
1.867
p 1. 844
112.9
97 3
84 024
80, 037
2 755
77, 282
37 268
40, 014
73 764
69, 564
1 105
rr 68, 459
36
377
r
32, 082
r
112.1
103.6
1.867
3,987
2 971
1,016
112. 1
97.3
112.1
97.3
112.1
97.3
112.9
97 3
112.9
97 3
112.9
97.3
350
83
357
115
478
162
438
111
486
185
538
175
354
TRANSPORTATION EQUIPMENT
AIRCRAFT
Civil aircraft, shipments.
Exports 9
_
293
105
265
68
265
83
174
61
288
108
290
87
530,r 415
245
190
451, 663
437, 028
78, 507
62, 161
521 450
'309
306
445 306
431, 371
75 835
60, 263
369 942
326
314
300 998
292 721
68 618
50, 845
287 730
397
385
221, 195
214,913
66, 138
48, 966
587 785
305
251
498 248
477 927
89 232
72 862
766 169
422
332
669 936
643, 763
95 811
79, 767
725 379
190
185
635 513
611 040
89 676
73 949
744 942
176
148
677, 705
648, 616
67, 061
55, 253
894 597
325
267
791, 280
765, 663
102 992
86, 070
881 840
519
501
753 434
727, 907
127 887
110, 205
849 393
313
266
721 139
697 471
127 941
108 377
767 182
309
237
647 658
629 185
119 215
101 640
do
do _
__do___
29, 154
13, 210
15, 944
27, 037
11 762
15, 275
26, 645
9, 556
17, 089
22, 224
6, 357
15, 867
29, 261
12, 519
16, 742
34, 849
20 393
14, 456
38, 468
21 550
16, 918
36, 092
23, 256
12, 836
37, 131
24, 136
12, 995
40 447
22 904
17 543
35 293
19 343
15 950
33 458
17 381
16 077
do.__
__ do
do
do
do
3,678
3,457
1,858
1, 599
221
3,899
3, 740
2 052
1 688
159
4,521
4,356
2,551
1 805
165
4,876
4,743
2 822
1 921
133
4,925
4,726
2 823
1 903
'l99
5,226
5,029
3 091
1 938
197
6,402
6 140
3 739
2 401
262
6,360
6 068
3 704
2 364
292
do
do__
474, 316
65,181
440 312
64, 180
407 844
66, 174
395, 943
71, 254
381 081
64 735
656 611
69 838
440 024
62 231
476, 584
56, 242
636 534
64, 732
651 855
79 071
number
__.do
do
do
2,051
955
705
1,096
2,450
990
837
1,460
2,958
1,600
1,208
1 358
2,348
1,338
807
1,010
1,770
1,085
617
685
2,232
1,428
1,369
S04
r 2 014
409
2, 603
Tr 2, 063
1, 913
540
3,133
2,368
2 068
765
502
316
65
34
450
291
52
25
587
448
42
22
563
434
38
25
514
405
54
34
757
671
57
34
761
693
40
18
725
672
36
21
1, 757
1,753
1,750
1,745
1,739
1,736
1 733
118
6.7
10, 334
1,731
8,603
122
6.9
11, 016
3,911
7,105
126
7.2
10, 232
4,403
5,829
123
7.0
11, 785
4,952
6,833
120
6.9
13, 639
6,581
7,058
116
6.7
13, 624
6,078
7,546
121
70
16 970
7 248
9 722
1,081
11.0
1,102
11.4
1,233
13.1
1,237
13.5
1,226
13.6
1,227
14.5
133
99
115
158
267
42
34
39
32
33
413
357
357
348
359
number..
do
1
MOTOR VEHICLES
Factory sales, total
Coaches, total
Domestic ._
Passenger cars, total. _
Domestic
__
Trucks, total
Domestic
_ _ _ __ _
number
do.
_do_ _ _
do
do
do
_ do
Exports, total 9
Passenger cars 9-Trucks and buses 9
Truck trailers, production, total
Complete trailersd"___
Vans
_
All other d"
Trailer chassis
Registrations:
New passenger cars
New commercial cars
r
4,271
4 105
2 256
1 849
' 166
4 750
4 602
2 849
1 753
' 148
768 621
296
256 2
658 736 u 614 000
643 402
109 589 P 2 gg 000
93' 739
368
082
491
591
286
5 989
5 799
3 593
2 206
'l90
661 304
82 086
681 372
90 005
647 245
84 413
3 075
1 989
1 664
1 086
4 320
2 675
2 438
1 645
3 057
1 732
1 690
1 325
2 862
1 954
1 284
908
4 732
3 187
1 935
1 545
953
918
45
27
920
896
36
25
1 024
1 007
49
41
1 001
982
55
48
993
977
39
33
952
937
45
42
1,730
1 727
1 723
1 720
1 717
1 709
124
7 1
17 096
6,981
10 115
117
68
18 001
6 240
11 761
114
6 6
18 193
Q 235
11 958
110
6 4
17 030
5 590
11 440
103
60
27 848
15 459
12 389
96
56
44 622
23 613
21 009
1,290
15 6
1,298
16 1
1,215
15 7
1,247
16 5
1,186
16 2
1,204
16 7
1,228
17 4
493
472
455
428
360
385
470
467
29
28
42
45
49
38
22
394
387
342
444
359
507
425
476
406
678
833
578
533
521
1,449
1 652
1 808
1 647
3 926
2 188
1 961
6
6
3
2
336
034
843
191
302
7
7
4
2
RAILWAY EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments, total
_ _
Equipment manufacturers, total
Domestic
_ _
Railroad shops, domestic
Passenger cars, equipment manufacturers:©
Orders unfilled, end of month, total*
Domestic
_
Shipments, total
Domestic _ _
__
do
do
do
do
Association of American Railroads:
Freight cars (class I), end of month:!
Number owned _ _ _
_
thousands
Undergoing or awaiting classified repairs
thousands. .
Percent of total owned
Orders, unfilled. _. __ _
_
number
Equipment manufacturers.
do
Railroad shops.. ...
._
do
Locomotives (class I), end of month:
Steam, undergoing or awaiting classified repairs
number.Percent of total on line _.
. __
Diesel-electric and electric: Orders, unfilled
number of power units. .
Exports of locomotives, totall
,_
number
r
l' 605
r 1 605
r
INDUSTRIAL TRUCKS AND TRACTORS
Trucks, electric, shipments:
Hand (motorized)*
_.
number
Rider-type. _ _ _ _ _
_
_ _ _ _ do .
Trucks and tractors, gasoline-powered, shipments*
number. .
r
Revised.
Preliminary..
12 Beginning January 1955, data include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total; January exports of such types totaled 8 aircraft
Preliminary estimate of production based on Ward's Automotive Reports. Production for preceding month : 660,000 passenger cars; 107,000 trucks
tRevisions for 1952 are shown in the August 1953 SURVEY.
O Width of cloth relates to that currently used; change does not affect the comparability of the series.
9 Data exclude all military-type exports. Scattered monthly revisions for 1952 for motor vehicles will be shown later.
cf Revised beginning 1952 to include production of converter dollies; data as revised are comparable with figures through 1951 shown in the 1953 issue of BUSINESS STATISTICS Revisions
for January-September 1952 are shown in the December 1953 SURVEY.
©Excludes railroad shops except when noted.
*New series; monthly data prior to 1953 (except for trucks and tractors) will be shown later.
§Not including railroad-owned private refrigerator cars.
^Revised exports for May 1952, 41 locomotives.
U. S. G O V E R N M E N T P R I N T I N G O F F I C E : 1955
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages marked S
Abrasive paper and cloth (coated)
38
Acids
24
Advertising
7, 8
Agricultural employment
10
Agricultural loans and foreign trade
15, 21, 22
Aircraft
11,12,13,14,40
Airline operations
22
Alcohol, denatured and ethyl
24
Alcoholic beverages
2,6,8, 27
Aluminum
33
Animal fats, greases, and oils
25
Anthracite
2,5,11,13,14,15,34
Apparel, wearing
3,4,5,6,8,9, 11,12,14,15,38
Asphalt and asphalt products
36
Automobiles
2,3,7, 8,9,11,12,13,14,16,18, 21
Balance of payments
20
Banking
15,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2,3,4,6,8,11,12,14,27
Bituminous coal
.
2,5,11,13,14,15,34,35
Blast furnaces, steel works, etc
11,12,13,14
Blowers and fans
34
Boilers
33, 34
Bonds, issues, prices, sales, yields
19
Book publication
37
Brass
33
Brick
.
38
Brokers' loans and balances
16,19
Building costs
7
Building and construction materials
7,8,9
Business sales and inventories
3
Businesses operating and business turn-over _.
4
Butter
„
27
Cans, metal
33
Carloadings
22, 23
Cattle and calves
29
Cement and concrete products
2, 6,38
Cereals and bakery products
5,11,12,14
Chain-store sales (11 stores and over, only)___
9
Cheese
27
Chemicals
2,3,4,5,12,14,15,18,21,24
Cigars and cigarettes
6, 30
Civilian employees, Federal
12
Clay products (see also Stone, clay, etc.)
2,6,38
Clothing (see also Apparel)
5,38
Coal
2,5,11,13,14,15,21,22,23,34,35
Cocoa
_
__ _
22,29
Coffee
22,29
Coke
2,22,23,35
Commercial and industrial failures _
4
Communications
11,13,14,15,18,19,20,23
Confectionery, sales
29
Construction:
Contracts awarded
6
Costs
7
Dwelling units_
7
Employment, earnings, hours, wage rates _ _
11,
12,13,14,15
Highway
6,7,12
New construction, dollar value
6
Consumer credit
16
Consumer expenditures
1,8
Consumers' price index
5
Copper
22,33
Copra and coconut oil
25
Corn
19,28
Cost-of-living index (see Consumers' price
index)
5
Cotton, raw and manufactures
2,5,6,21,38,39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term
16
Crops
2,5,25,27,28,30,38
Currency in circulation
18
Dairy products
2,5,11,12,14,27
Debits, bank
15
Debt, United States Government
17
Department stores
8,9, 10,16
Deposits, bank
15,16,18
Disputes, industrial
13
Distilled spirits
27
Dividend payments and rates
1,18,20
Drug-store sales
8, 9
Dwelling units
7
Earnings, weekly and hourly
13,14,15
Eggs and poultry
2,5, 29
Electric power
5,26
Electrical machinery and equipment
3,
4,5,7,11,12,13,14,21,34
Employment estimates and indexes
10,11,12
Employment Service activities
13
Emigration and immigration
23
Engineering construction
6
Expenditures, United States Government
16
Explosives
25
Exports (see also individual commodities)
20, 21
Express operations
22
Failures, industrial and commercial
4
Farm income, marketings, and prices
2,5
Farm wages
15
Fats and oils, greases
5, 25, 26
Federal Government
finance
16,17
Federal Reserve banks, condition of
15
Federal Reserve reporting member banks
16
Fertilizers
.
5,24
Fiber products
34
Fire losses
7
Fish oils and
fish
25, 29
Flaxseed
__
25
Flooring
- 31,32
Flour,
28
Digitized
forwheat
FRASER
Pages marked S
Food products
2,
3,4,5,7,8,9,11,12,14,18,27,28,29,30
Foreclosures, real estate
7
Foreign trade, indexes, shipping weight, value
by regions, countries, economic classes, and
commodity groups.21, 22
Foundry equipment
34
Freight carloadings
22, 23
Freight cars (equipment)
,_
40
Freight-car surplus and shortage
23
Fruits and vegetables
2,5, 21, 27
Fuel oil
35
Fuels
2,5,34,35
Furs
22
Furnaces
34
Furniture
... 2,3,5,8,9,11,12,13,14,16
Gas, prices, customers, sales, revenues
5, 26
Gasoline
2,7,8,9,36
Glass products (see also Stone, clay, etc.)
2, 38
Generators and motors
34
Glycerin
_
24
Gold
18
Grains and products
5,19,21,22,23,28
Grocery stores
8,9
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
Hotels. .
11,13,14,15,23
Hours of work per week
,_ 12,13
Housefurnishings
5,8,9
Household appliances and radios
5,8,9,16,34
Jewelry stores, sales, inventories
8,9
mmigration and emigration
23
mports (see also individual commodities)- 20, 21, 22
ncome, personal
1
ncome-tax receipts
16
ncorporations, business, new
4
ndustrial production indexes
2,3
instalment loans.
16
nstalment sales, department stores
10
nsulating materials
34
nsurance, life
17,18
nterest and money rates
16
nternational transactions of the U. S
20, 21, 22
nventories, manufacturers' and trade
3,4,9,10
Iron and steel, crude and manufactures
2,
6,21,32,33
Kerosene
,_
35
13
Labor disputes, turn-over.
Labor force
10
29
Lamb and mutton
Lard____
29
33
Lead.
Leather and products
2,3,4,5,12,14,15,30,31
Linseed oil
25
Livestock
2,5,22,23,29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
7,15,16,17,19
Locomotives
40
Looms, woolen, activity
39
Lubricants
35
Lumber and products
2,
3,5,8,9,11,12,13,14,31,32
Machine activity, cotton, wool
39
Machine tools
34
Machinery
2,3,4,5,11,12,13,14,18,21,34
Magazine advertising
8
Mail-order houses, sales
8,9,10
Manufacturers' sales, inventories, orders
3,4
Manufacturing production indexes
2,3
Manufacturing production workers, employment, payrolls, hours, wages
11,12,13,14,15
Meats and meat packing
2, 5, 11, 12, 14, 29
Medical and personal care
5
Metals
2,3,4,6,11,12,13,14, 15,18,32,33
Methanol
24
Milk
27
Minerals and mining
2,3, 11,13,14,15, 20
Monetary statistics
18
Money orders
8
Money supply
18
Mortgage loans
7,15,16,17
Motor fuel
36
Motor vehicles.,
3,5,8,9,40
Motors, electrical
34
National income and product
1
National parks, visitors
23
Newspaper advertising
8
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2,6,11,12,13,14,22,33
Noninstalment credit
16
Oats
28
Oil burners
34
Oils and fats, greases
5, 25, 26
Oleomargarine
26
Operating businesses and business turn-over __
4
Orders, new and unfilled, manufacturers'
4
Paint and paint materials
.
5,26
Panama Canal traffic
. __
23
Paper and pulp
2,3,4,6,11,12,14,15,22,36,37
Paper and products.__ 2,3,4,6,11,12,14,15,36,37
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,
3,4,5,11,12,13,14,15,21,22,35,36
Pig iron ___________________________________ 32
Plant and equipment expenditures __________ 1
Plastics, synthetic, and resin materials _______ 26
Plywood _________________________________ 31
Population _______________________________ 10
Pork ____________________________________ 29
Postal savings ___________ __________________ 16
Poultry and eggs_________________________2, 5, 29
Prices (see also individual commodities):
Consumers' price index __________________ 5
Received and paid by farmers ____________ 5
Retail price indexes _____________________ 5
Wholesale price indexes __________________ 5,6
Printing 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, 7,34
Railroads, employment, wages, financial statistics, operations, equipment _____________ 11,
12, 13, 14, 15, 17, 18, 19, 20, 22, 23, 40
Railways (local) and buslines ________ 11, 13, 14, 15
Rayon and rayon manufactures _____________ 2,39
Real estate __________________________ 7, 16,17, 19
Receipts, United States Government ___ _____ 16
Reconstruction Finance Corporation, loans ___ 17
Recreation......._______....._____...... ...... __
5
Refrigerators, electrical ____________________ 34
Rents (housing), index__________ ____________ 5
Retail trade, all retail stores, chain stores (11
stores and over only), general merchandise,
department stores______3,4,8,9,10,11,13, 14,15
Rice _______________________
_
_____________
28
Roofing and siding, asphalt __________________ 36
Rosin and turpentine ______________________ 24
Rubber, natural, synthetic, and reclaimed,
tires and tubes________________________6, 22,37
Rubber products industry, production index,
sales, inventories, employment, payrolls,
hours, earnings_________________2,3,4, 12, 14, 15
Rural sales. _ , ________ . _ . _______________ _ ____ 10
Rye ______________________________________ 28
Saving, personal __________________________ 1
Savings deposits __________________________ 16
Securities issued__________________________18,19
Services___________.____________4,8,11,13,14,15
Sewer pipe, clay __________________________ 38
Sheep and lambs __________ _______________ 29
Ship and boatbuilding_______________11, 12,13,14
Shoes and other footwear_______2,8,9,12,14,15,31
Shortening. __ ____________________________ 26
Silk, imports, prices_______________________6,39
Silver________________.___________________18
Soybeans and soybean oil __________________ 25
Spindle activity, cotton , wool _______________ 39
Steel ingots and steel manufactures (see also
Iron and steel)_______________________... 32,33
Steel scrap__________________ ________________ 32
Stocks, department stores (see also Inventories)
_____________________________________
10
Stocks, dividends, listings, prices, sales, yields.
20
Stokers, mechanical _______________________ 34
Stone, clay, and glass products ______________ 2,
3,11,12,13,14,38
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
Textiles________2,3,4,6,11,12,14,15,21,38,39,40
Tile _____________________________________ 38
Tin______________________________________22,33
Tires and inner tubes______________6,12,14,15,37
Tobacco _________ 2,3,4,5,6,8,11,12,14,15,21,30
Tools, machine ___________________________ 34
Trade, retail and wholesale. 3,4,8, 9, 10, 11, 13, 14, 15
Transit lines, local ________________________ 22
Transportation, commodity and passenger ____ 22, 23
Transportation equipment. __ 2,3,4, 11, 12, 13, 14, 40
Travel ___________________________________ 23
Truck trailers, ____________________________ 40
Trucks ___________________________________ 40
Turpentine and rosin ______________________ 24
Unemployment and compensation ___________ 10,13
United States Government bonds______16, 17, 18, 19
United States Governmentfinance___________16,17
Utilities _______ 1, 5, 6, 11, 13, 14, 15, 17, 18, 19, 20, 26
Vacuum cleaners __________________________ 34
Variety stores ____________________________ 8, 9
Vegetable oils______________________________25,26
Vegetables and fruits__________________2,5,21,27
Vessels cleared in foreign trade ______________ 23
Veterans' unemployment allowances _________ 13
Wages, factory and miscellaneous ________ 13,14,15
Washers _________________________________ 34
Water heaters ____________________________ 34
Wax _____________________________________ 36
Wheat and wheat flour ____________________ 19, 28
Wholesale price indexes ____________________ 5,6
Wholesale trade ______________ 3,4, 10, 11, 13, 14, 15
Wood pulp _______________________________ 36
Wool and wool manufactures ________ 2,6,22,39,40
Zinc ...... _________ ....... --------------- 33
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