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SURVEY OF C U R R E N T B U S I N E S S W E E K L Y SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS SELECTED APRIL BUSIHISS INDICATORS STEEL INGOT PRODUCTION (1935-39 = 100) 2501 200 i5b| WEEKLY ELECTRIC POWER PRODUCTION BY UTILITIES (BILLIONS OF KILOWATT HOURS) DATA I9f8 1946 ^ \ STPIKE PERIOD ^ DATA NOT PLOTTED / / / / 100 / \I „_ — ' 0 ^ V \1 5011 , . , . 1 . , , 1 . , . 1 . . . 1 . . . . 1 . . . 1 . .r . i 1. . 225 2, 1948 i * A \ i \ \ / L i i J-J-. . L L L I L J .±i_Lj_ INDUSTRIAL CONSUMERS* PRICES (1935-39° 100) MONTHLY PRODUCTION (SEASONALLY ADJUSTED, 1935-39 * 100) DATA 200 175 FOOD-***"' 150 125 m^em^**^ T OTAL 100 U LJL.L.Li-J-LXJu^JLOJLxJLuULJJ. l«LXJ-JLJj-l-L-UL I I U l J l .ULJL.U 1948 1945 WEEKLY BUSINESS STATISTICS1 1948 1947 l$M Commodity prices, wholesales All commodities 2/ 1926»1QQ. S'arm products ....... do,.. Food... . do... All other 2/ do... 28 commodities ^/ ....August 1939*100. Cotton, middling, 15/l6\ 10 markets 4/. dol. per lb. Wheat, No. 2, Hard Winter (Kansas City) 5/ dol. per bu. Department store sales - .1935~39«100. Insured unemployment, total 6/ thou®. State programs do... Veterans' programs.... do... Finance: Currency in circulation 4/ mil. of dol. Federal Reserve bank credit, total .do... Member bank reserve balances. . «• do... Excess reserves, estimated do... Federal Reserve reporting member banks in leading cities? jj Bank debits, total mil. of dol. Kew York City do.... Deposits, demand, adjusted do... Loans and investments, total .-do... U. S. Government obligations do./. Commercial, industrial and agricultural loans do... Failures, commercial number. Bond yields, 'domestic corporate (Moody* s) percent. Stock prices, 402 stocks (standard and PoorJs)..1935-39*100.. Industrials, 354 stocks do.... Production* Bituminous coal kj ...thous. of short tons.. SIectrie power, ~oy utilities ....ail. of kw-hr.. Motor vehicles (Wards) 8/ •• number.. Petroleum 4/.. thous. of bbl.. Steel $/...... ....1935-39*100..I Freight car loadings, total thous. of cars Miscellaneous do.. Mar. 22 Mar. 29 Feb. 28 149.0 182.9 166.2 131.3 332.8 •352 2.82 286 2,180 1,106 1,004 159-2 182.8 170.5 147.3 318.9 • 328 2.43 248 1,800 1,098 65O 28,236 23,047 15.943 673 149.4 I83.8 166.5 131.9 334.1 •359 2.80 2S3 2,103 1,079 957 28,189 23,486 15,658 559 19,859 7,630 45,499 63,873 40,141 12,208 47 2.79 122.4 126,3 13,479 7,032 45,288 63*461 39,480 12,192 • 63 2.78 123.5 127.8 2,148 4,759 108,472 4,862 I89.O 844 Mar. 6 Mar. 13 Mar. 20 160.4 187.1 172.2 147.3 321.8 .341 2.53 266 1,790 1,092 648 159.8 184.9 171.2 147.3 315.I •337 2.43 278 1,762 1,076 635 161.5 I87.6 176.4 147.3 317.6 .340 2.48 312 28,032 21,707 16,799 834 28,037 21,851 17,552 1,066 28,010 21,326 17,366 934 27,920 21,187 17.351 956 18,006 7,15s ^7.559 64,057 36,281 14 9 591 93 3.10 U3.9 119.0 2,154 5,252 120,130 5.3*7 189.0 791 374 22,869 9,519 47,296 63,494 35.0*5 14.540 113 3.11 114.7 119-9 18,503 7,184 47,581 64,128 36,193 14,59* 102 3.10 113.9 118.7 2,219 5,285 114,689 5,265 195.0 797 370 23,059 9,860 47,011 63.756 36,061 14,578 106 3.10 113.1 117.9 Mar. 2? 315.9 •346 2.3s 27.853 21,429 16,870 716 8.739 3.10 118.8 124.5 2,025 727 2,173 4,729 5,145 5.293 115.556 108,057 100,355 108,343 5.353 5,240 4,865 191.0 ***193^2 I96.9 190.1 793 700 829 371 383 386 1/ Data do not always cover calendar weeks. 2/ See note in January 1, 1947 i s s u e , j / Thursday p r i c e s . 4 / Daily averages. j | / Data sine® Siic n week ending July 12, 1947 include dark hard winter not included previously. 6/ For description see note i n July 13, 1946 i s s u e . jJ ^ on a revised b a s i s beginning in Supplement..for July 18, 1947- &/ Data a r e for U. 3 . and Canada and include passenger c a r s , commercial c a r s , and t r u c k s , g/ Week ending April 3 , 180.5. " MONTHLY 2 BU S I N E S S Earlier data are available in monthly issues of the Survey and the 1942 Supplement STATISTICS 1947 January February 1948 November December January GENERAL BUSINESS IKDICATOBS Industrial production (federal Beserve): Unadjusted, combined index .. .1935~39«100 • Manufactures • do... Durable manufactures.. • do... Iron and steel.... • ...do... Lumber and products. • do... furniture ...... * do... Lumber * do... Machinery. . ** do... Uonf errous metals and products do... Smelting and refining....* * >...do... Stone, clay, and.glass products .do... Clay products ..... ..*....*. w... do*. * Transportation equipment do... Automobiles* ••••••• do... Nondurable manufactures do... Chemicals*.......*..... • .do... Industrial chemicals ....do... Leather and products do. *. Leather tanning * • do.. * N Shoes . .do... Manufactured food products * do... Meat packing ... do... Processed fruits and vegetables... do... Printing and publishing .. *. * do... Rubber products. • • • • .do... Textiles and products • do... Cotton consumption ............do... Bayon deliveries... *......*.. .do... Wool textile production * do... Minerals « do... fuels • ,..,., do.-* Anthracite ..... *.. .do•.. Bituminous coal do... Crude petroleum * .....do... Metals *** do... Adjusted, combined index 1/ * *do... Manufactures * <..do... Durable manufactures do... Lumber and products do... Lumber • do... Monf errous metals and products do... Smelting and refining * do... Stone, clayt and glass products .do... Clay products do... nondurable manufactures do... Chemicals.... do... Leatner and products * do... Leather tanning '. do... Manufactured food products. do... Meat packing do... Processed fruits and vegetables ..do... Printing and publishing. .do... Minerals.... * * do... Metals * **. ............dc;... 184 192 218 192 126 161 107. 277 203 184 208 156 229 181 171 250 U30 116 113 118 148 191 102 185 193 220 191 135 167 118 277 208 190 205 156 233 190 171 252 429 123 127 121 140 152 86 138 172 161 263 l l l 141 151 118 iS 81 189 196 221 142 131 184 219 168 176 251 116 X 3 J 161 163 157 138 l46 117 246 X P 161 262 178 141 150 107 162 150 84 189 197 222 147 137 208 190 219 164 176 251 120 118 156 159 137 140 146 122 193 200 224 202 148 176 133 282 185 178 206 167 234 201 180 252 431 126 126 126 161 189 118 158 225 172 149 290 172 155 163 119 169 3 192 199 224 150 137 185 177 201 162 179 251 124 122 158 170 129 152 155 109 196 227 205 140 181 119 288 189 I83 199 172 244 207 256 440 113 112 114 154 187 108 150 3S 131 287 166 151 162 111 164 166 84 192 198 2?9 153 139 189 I83 205 166 173 255 114 113 158 160 138 146 156 117 189 rl96 r226 r203 138 180 117 r286 rl94 rl87 rl87 rl67 r244 r206 isr438 120 116 rl23 rl46 175 r$4 r2?3 ri77 153 299 178 SS 112 161 Pl67 r81 rl93 rPOO r228 rW6 rlk} rl94 rl87 rl99 181 r!77 255 rl20 115 rl58 150 rl39 rl48 155 rll8 BUSINESS POPULATION Industrial and commercial failures: Grand total * Commercial service * Construction. Manufacturing and mining. * detail trade Wholesale trade Liabilities* grand total Commercial service Construction Manufacturing and mining Retail trade Wholesale trade. .number. do... ..do... it do.». do... .do... thous. of -dol. do... ..... do... do... .do... .do... * 202 IT 5 J 238 22 20 92 70 313 23 25 124 76 27 15.193 582 575 11,020 1,674 1,342 12,976 651 766 7,654 1.396 2,509 16.345 505 537 12,574 1.531 1,19s 153-3 179.0 183.8 117.3 91.9 142*1 179.1 108.8 I37.I 153*2 181.5 182.3 II7.5 92.2 142.3 180.8 108.9 137.4 164.9 190.2 202.7 126.9 92.5 160.5 188.9 115.2 143.0 U J 317 3 112 123 25,1*99 1*232 455 20,937 1,908 967 COMMODITY PBICfiS 356 29 23 108 1 12,965 711 820 6,892 2.837 1.705 1 Consumers price index (U. S* Department of Labor)* Combined index. ..1935-39.100. Apparel.. .. ...do..., Fo od do Fuel, electricity, and ice ..............do... Gas and electricity .do... Other fuels and ice do... hcusef urnishings do... Bent do... Miscellaneous .do •.., rj Bevised. £ / Preliminary. 167.0 191.2 206.9 127.8 92.6 162.0 191.4 115.4 144.4 168.8 192.1 209.7 129.5 ?3.1 I65.O 192.3 m 1/ Indexes for which seasonal factors have been fixed at 100 are not shown? aee unadjusted series. MONTHLY BUSINESS Earlier data are available in monthly issues of the Survey and the 1942 Supplement 3 S T A Tl S TICS —Continued 19*7 January February 19.48 November December January COMMODITY PiilCES Wnolesale prices (U. Si Department of Labor)? Combined index 1/ ..,.••• ....;..... .l^lQQ. Economic classes!' Manufactured products 1/ . .......do... Raw materials .......*..... ..do... Semimanufactured articles ^..... *do... j'arm products • . . . . . . . . . . . . . . .do... Grains * ; .;.do... Livestock and poultry ;....... *.do... Commodities other than farm products 1/.....*...... .do... floods. *..*.... * .do... Cereal products.. *... • .do;.. Dairy products* ......*.*....., do... Fruits and vegetables •....•.. d o . . . Meats-. i.i * .......do... Commodities other than farm products and food* ay...do... Building materials * . .do,.. Brick and file ..do... Cement. .* »x. • •• • .do... N Lumber .....•* ido... Paint and paint materials .do... Chemicals and allied products;..;...........;.....do... Chemicals.. * ; i;.•• *,*..,.*. do.-. • Drugs and pharmaceutical materials*.............do... fertilizer materials. .do... Oils and fats , ..do... JFuel and lighting materials .-..••....•> do... Electricity * .do... Gas • »• • • • «do... Petroleum products. .do.-.. Hides and leather products.. do... Hides and skins .do..'. Leather • •• do... Shoes do... Housefurnithings 2 / . do... furnishings do... Furniture 2/ do... Metals and metal products 1/ .do... Iron and steel..... do... Metal8, nonf errous .. • do... Plumbing and heating equipment do... Textile products. .do... Clothing .do... Cotton goods * do... Hosiery and underwear do... Bayon. #•••-•••• •• do... Silk do... Woolen and worsted goods do... Miscellaneous • do... Automobile t i r e s and tubes 2 / do... Paper and pulp do... CHEMICALS AND ALLIED PRODUCTS Oils, fats, and by-products* Animal, including fish o i l : Animal fats* Production thous. of l b . Stocks, end of monthdo... Creases* Production do... Stocks, end of month ^ do... 1*1.5 144.5 159.7 163.2 165.6 136.7 152.1 132.8 165.0 162.6 189.6 I36.I 156.2 139.9 164.6 131.6 I83.4 I27.6 169.7 132.2 108.3 249.9 171.2 128.1 II2.7 181.7 99.9 210.6 97.7 64.9 80.8 139.7 15*.9 142.1 170.4 171.I 201.5 138.6 162.0 141.3 161.8 134.2 199.5 128.5 174.8 132.3 109.9 263.6 173.9 1290 113.8 182.5 99.2 214.3 15*. 7 182.0 I5J.9 196.7 252.7 226.3 155-7 178.4 170.6 I83.5 135.* 214.8 145.6/ 191.0 148, .8 121.6 303.2 164.0 135.0 ,124.1 15*.9 114.4 215.9 124.3 66.5 85.4 112.0 203.1 256.9 216.2 190.7 139.7 142.8 136.8 152.3 142.2 143.O I36.I 147.6 136.3 213.5 lOJ.O 40.0 73.3 139.6 121.5 157.6 183-9 157.0 199.2256.3 232.9 158.0 179.9 170.1 1,83.9 l4i.l •222.3 148.. 1 193*1 150.9^ 126.4 307.3 163.2 I38; 8 125-.8 154.4 II5.6 236.7 I3O.O 141.9 84.3 76.6 173.8 191.4 181.1 17L5 124.6 129.6 128.5 137.9 125.O 131.3 117.1 138.0 132.7 193.7 100.0 37.0 80.2 121.9 110.9 66.7 143.4 152.3 175.5 156.4 187.9 245.5 ai.o 153.3 178.0 172.5 175.9 135.5 217.6 142.4 187.5 147.3 120.6 295.6 l6l.8 135.8 124.3 151.1 112.0 226.7 118.1 66.3 83.6 99.9 202.4 263.4 216.0 187.0 137.7 140.0 135.6 151.7 141.3 142.2 136.0 144.7 135.6 209.1 101.4 37.0 73-3 134.9 118.8 6l.O 160.7 16^7 84.-5 126.7 r200.3 238.9. 209.2. 19*0 rl4l*6 1*3.9 rl39-6 154.4. 1*5.5 1*5.5 137.9 147.0 138.7 21*. 2 104.4 40.7 46.4 141.6 123-5 63.4 168.1 303,997 307,623 262,265 307.692 279.792 258.425 307,560 322.045 302,208 350,058 52,591 72,871 47,484 6-7.138 50.039 96.1U 50,586 103,692 52,331 119,272 .do... do... 1,646 107,320 1,260 102,400 6.852 91.459 *.356 85,286 1,024 r85,778 do... 442,935 391,599 481,032 488,361 r512,932 do... .do. *. 532,006 278.950 5*6.535 304,002 484,980 210,636 502,420 241,221 r539,016 r247,l68 do... 113,694 170,988 106,518 185.390 157.874 133,196 159,637 152*916 1.40,848 152i706 do... do... 34,823 140,898 30.499 136,681 61.592 124,541 *5.*96 126,678 r57.*65 135,39*. .do... .do... ...do... do... 151.55* 126,298 97.712 70,131 141,115 120,867 97.226 76.995 133.652 97,3*5 84,239 59.667 139.551 112,683 77,*9i 64,161 rl52,966, 110,912. r86,703 r63,850 fish oils: Production Stocks, end of month Vegetable oils, total: Production, crude Stocks, end of month: Crude Eefined Cottonseed oil, refined: Production Stocks, end of month Linseed oil: Production Stocks, end of month Soybean oil: Prbduc tion: Crude Refined Stocks, end of month: Crude Hefined • % .....do... , 76*5 175.1 198.5 181.6 170.6 123.3 128.4 128.4 I38.O 123.9 130.5 117.0 136.6 132.* 184.6 99.3 33.8 101.2 120.8 110.3 66.6 . 97.9 65.7 r/ Hevised. 1/ Motor vehicles included at current prices beginning October 1946; April 1942 prices were carried forward in earlier indexes. February 1948 indexes calculated with April 1942 motor vehicle prices? All commodities, 158.2; manufactured products, 150.y, commodities other than farm products, 152.1; commodities other than farm products and foods, 143.4; metalsand metal products, 137.4 V 2/jKirnitureittdex revised; revision has been incorporated in the group index and other composite, indexes only beginning JSTovember 1^+7. J/ Index revised beginning 1939? revision incorporated in index for the miscellaneous group and other composite indexes only beginning June 1947. 4 MONTHLY BUSINESS ST A TtST ICS —Continued 1948 IS**? Sarller data are available in monthly issues of the Surrey and the 1942 Supplement January february Hoveaber December January CHEMICALS AND ALLIED PB0DUC3JS - Continued Oleomargarine* Cohsumption ( t a x - p a i d withdrawals) Production *... thous. of l b . de>.. r66,280 r67,9*2 66,470 r67,750 78,249 81,806 72,914 79,011 87,252 87.93* a i l . o f lew* h r . 25.957 21,636 4,321 23.698 19,616 4,083 26,180 21,847 *.333 27,951 28,443 23,958 4,485 6.063 6,398 9,023 6,392 5,952 9,167 7*.490 60,025 r79,080 r65,l40 14,105 11.475 156.400 31,5*5 30,780 1,918 709,306 6l,9*3 ,147,168 204,084 2,997 24,799 446,719 15,683 14,720 8,575 176,000 38,570 37.700 1.762 698,314 60,107 1.003,276 188,171 r?37 910 2.396 3.3?6 2,762 SL3SCXBXC POVBR S l e c t r i c power, p r o d u c t i o n , t o t a l Utilities.. ... Industrial establishments do... do... rOQDSTOTFS AND TOBACCO fermented malt liquors* Production. .....thous. of bbl. 6,91? Tax-paid withdrawals do... 5,985 Stocks, end of month do... 9.1*0 Dairy products, production: Butter, creamery (factory) thous. of lb. 99**91 74,030 Cheese, total (factory) do... Condensed and evaporated milk* Condensed ( sweetened) : r3fc,pgo Bulk goods .. do... Case goods. • .do... 7,925 Evaporated (unsweetened), case goods.......... do... 205,000 Dried skim milk, total.... .. ...do... 47,000 for human consumption ... do;.. 46,200 Keats, production, total. mil. of lb. 1,95* Bee£ and veal thous. of lb. 757.702 Lamb and mutton .do... 68,215 1,12s,37s Pork, including lard ...do... Lard do... 220,245 Tobacco, manufactured products, consumption (withdrawals)! Cigarettes, small, tax-free..... millions. Cigarettes, small, tax-paid do... 3.519 Cigars, tax-paid thousands. ., 28,451 Manufactured tobacco and snuff, tax-paid.....thous. of lb. 510,264 20,124 LBASHSR AND PKQDUCS 3 Leather production: Calf and kip Cattle hide Coat and kid Sheep and lamb. ....thous. of skins. thous. of hides. thous. of skins. * .do... . ..... 1,104 2,426 2,506 3.388 5.761 5.5** 9.067 93.910 76,68? r3S,050 7,200 209,700 5S, 280 51.230 1,434 631.697 57,380 745,090 138,683 2,713 26,3:38 446,042 r!7,388 1,088 2,464 2,849 3.3*1 6 di 9.647 69,220 61,760 12,200 12,650 152,500 22,850 22,320 1,740 707.751 60,790 971,957 154,639 2,536 27 33 . »? 495.401 18,144 899 2,369 2.893 3.065 r2,4l4 *3.353 r2,987 ..213 27.278 461,398 19,587 METALS AND MANUFACTURES Pig iron, production, Lead, refined: Production, total Primary Snipment s * Stocks, end of month Oil burners: Orders, new, net Orders, unfilled, end of month Shipments.* Stocks, end of month thous. of short tons. 5.087 ^.550 5,015 5.177 r5,128 short tons. do... do... do... 45,629 42,506 44,888 48,826 44,053 41,210 49.638 *3.233 51,481 *7,903 55.034 24,809 *9.337 *5,538 52.35* 21,787 r50,821 47,421 r51,958 r20,645 .number. do... do... do... 87,872 1,008,813 81,439 10,487 118,308 1.045,876 81,245 U.903 1/-58.225 304,238 80,922 25.513 3,127 249,237* 58,128 r36,4l8 1/-57.559 149,902 41,776 50,024 short tons. do... do... 370,000 344,543 113.231 341,268 319.831 134,668 364,483 393.169 45.624 368,925 369,986 **>563 371,637 346,870 69,330 .do... do... do. •. 266,422 68,634 69,492 258,424 62,802 65,226 338,012 66.475 66,439 322,136 65,880 68,720 292.53* 65,094 65.037 .do... 14,360 231,694 75*602 11,936 224,453 69,466 U,l4l 279.631 89.755 8,301 292,920 84,113 8,358 295.052 89,132 8,508 7.499 *1,923 r3,322 7.915 7.360 2.138 3.S65 7.716 7.915 2,097 5.277 8,050 6.583 2,338 6.975 7.851 5.919 2.330 8,806 r8,036 r6,628 5.075 7,841 6,289 6,621 6,4< 6 6; 6,544 5,324 8,088 6,226 5.152 9.116 PAPS* AND PBIN2ING Newsprint, Canada: Production Shipments from mills . •. Stocks, at mills, end of month Newsprint, United States: Consumption by publishers. Production Shipments from mills Stocks, end of months At mi11• , . *. * - At p u b l i s h e r s In t r a n s i t t o p u b l i s h e r s .do... do... BJJBBKR AND HB3BS& PRODUCT 3 T i r e s and t u b e s : Pneumatic c a s i n g s : Production* Shipments .thousands* do... Original equipment Stocke, end of month. Inner tubes: Production. Shipments Stocks, end of m o n t h . . . . . * . . . . * rj Revised. 1/ Cancellations exceeded new orders* do... .do... do... do... do...
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