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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY Of CURRENT BUSINESS

SELECTED

AUGUST 13, 1946

BUSINESS

INDICATORS

STEEL INGOT PRODUCTION

ELECTRIC POWER PRODUCTION BY UTILITIES

(1935-39-100)

( B I L L I O N S OF KILOWATT
^m"m*^

f~l948
/

HOURS)

meexir turn

^^

X^^,,^^ g \

1947

I

o
w

^^\ftX

^J*d\J \

- •-- Vy \\\\

"-*»**
./"X*-.

«.-, -—•»-

1946

-v v

LjUU..lJL }. I„l . i j J J J I„J_L i I I

SALES OF RETAIL STORES

PERSONAL INCOME

(SEASONALLY ADJUSTED, 1935 - 3 9 • 1 0 0 )

4001

MONTHLY

1,1 1 .1 1,1 ,1 1, 1-U.J.JLl.lL.1,11.1 L i . l - t - L l X L,l J ,.l ,1,1

BILLIONS O F DOLLARS, SEASONALLY ADJUSTED, AT ANNUAL RATES

DATA

300
NONDURABLE^

*^s2*m"

200
^ - > TOTAL

l l l l l l l l l l l

4

r~

^^ DURABLE

1 1 1 1 1 1 1 1 i 1 i,

1 J

i ! i I II

II 1

1947

WEEKLY

1 1 I 1 \ 1,1 1 111...

1945

1948

1948

STATISTICS1

BUSINESS
19*7

van
Commodity prices, wholesale*
All commodities
1926*100..
farm products
.
•
«
do. • -«
food..
do....
All other
........
do...,
28 commoditiee 2/
..August 1939»100..
Cotton, middling, 15/16*, 10 markets V
dol. per lb..
Wheat, Ho.. 2, Bard Winter (Kansas City).......*.dol. 9«f *»•
.1935-39-100.
Department store sales.
Insured unemployment, total kj
..
.do.
State programs
Veterane1 programs....
.do.
finance:
of dol..
Currency in circulation $J
...do...
Federal Heserve hank credit, total.
...do...
Member hank reserve halanees.......
...do...,
Bxcess reserves, estimated.
federal Beeerve reporting member hanks in leading cities:
Sank debits, total
.mil. of dol..
Sew York City
do...,
Deposits, demand, adjusted
do....
loans and investments, total..
......do....
U. S. Government obligations.
do...,
Commercial, industrial mad agricultural loans
do...,
failures,*commercial
number..
Bond yields, domestic corporate {Moody1 s)
percent •,
Stock prices, *l6 stocks (Stand.and Poor's) 6/..1935~39*100..
Industrials, 365 stocks 6/...
....do...,
Production:
Bituminous coal j/...»
....thous. of short tons.,
Bleotrio power, hy utilities
mil. of kw-hr..
Motor vehicles (Wards) Jj
number.,
Petroleum 3/....
....thous. of bbl.,
Steel 8/
1935-39*100.<
freight carloadings, t o t a l . . . . . . . . . . . . . . . . . . . . . t h o u s . of ears..
Miscellaneous*
*
*•
do....

Aug.- 2

1948

Aug. $
152.2
181.2
171.1
135.2

July 10

July 17

2.29
223
l,8tft
1.079
727

166.6
196.1
I85.3
1*9.9
327.2
.350
2.22
217
l.*5*
1.032
397

168.9
196.1
191.2
150.*
3^.5
•3*1

2S,l40
22.310
16,35*
7*2

26,216
22,211
l6,409
7*1

28,09*
22,2hj
17.58*
95*

18,

17.830

27.960
22,139
17.631
9*7
20,544
7.922
46.451
5/6?.f58
3*.656
5/l*,*8l
91
3.02
13*.*
141.7
2,037
5.197

1§1.3
180.6
168.0
!3*-7
306.2
.363
2.27
220
1,866
1,115
733

3073
.356

2.21

236
l.*70
1,040
*05

July 24

July 31

168.2
19*.6
190.*
150.6
323.8
•335
2.19
231

I68.3
192.2
187*7
152.1
324.8

27.866

27.652
21,723
17.53*
837

21,888

17.5?3
840

.33?
2.16
23*

Aug. 7

319-7
.323
2.12.

27.9*3
780

19.218
21.765
7.000
8,350
8.*32
U6,S09
46,839
46,726
63.629
38.735 5/62,606
3*.*3l
12,092
5/l*»*90
5/i*.502
60 5/l*,*03
98
91
88
2.79
3.05
3.07
3.05
3.03
128.8
125.7
130.0
126.9
134.1
135.3
131.6
136.9
135.6
1*1.*
3
1.968
2,068
2,042
i'2f
*.76o
*.87*
5.352
5.3*2
4,806
1U.890
108,9*8
78.105
93.fcl
113.275
96,387
5.*80
5.105
5.*55
5.**8
5.088
**i90.2
186.0
183.3
188*0
188.0
I65.O
893
883
905
89*
922
372
372
390
382
39«
315
1/ Data do not always cover calendar weeks. 2 / Thursday pricss. £ / W l y averages. 4 / for description see note In July 13, 194&"
| / Loans reported gross, i . e . . before deduction of reserves, instead of net as previously. 6/ lumber of stocks i n index currently;
change in the number does not eff eot the continuity of the s e r i e s . Jj United States production of motor vehicles (peeeenger ears,
c i a l cars, and trucks). 8/ Week ending August 1*, 191*6.




*7.l*5
©3.*79
38.739
ll,9§7
69
2.79
125.1
130.9

&l

bH

"S

^s

MONTHLY

BUSINESS'

s t a r l i t * d a t a a r e a v a i l a b l e i a »©ataly i s s u e s of t&e Surr^r
aad fee 1942 Suppleaeat

STATISTICS
19U8

1*47
Juae

July

May

April

July

JUB§

earn** nwarawi UBDIOAKKW
Personal iacoiao, seasonally adjusted, at annual rates!
Total ptreoftAl income..
••HI*,of del.
Wage and salary receipts, t o t a l . . . . . . . . . . . . . . . . . . . . . d o . .
Total employer disbursemsats.
........do..
0o8«odlty-prodaoift« i a d u s t r i e e . . . . . . . . . . . . . . . . . . d o . .
Dlstribut1T« i n d u s t r i e s . . . . . . . . . . . . . . . . . . . . . . . . . d o . .
SatHoe industries
...............do..
Qovsrasc&t.* • • • » • » • • • » » * . » • • • • » • • * • • • • • • • • • • • • ..do. •
Ittft employe© contributioas for sooial insurance..do..
Ottor labor t a o o w . .
.do..
Proprietors' a&d reatal l & o o a o . . . . . .
•
...do..
Persoaal interest iaooae aad dividends.
.do. •
Total transfer paymente......
...do..
Total aonagricultural l a e o a e . . . . . .
....do..
Jam marketings, indexes of volumes
Total, unadjusted
1935*39-100
Grope
do..
Livestock aad product a
...do..

192-*
119.6
121.7
54.0
35.0

193-2

207.4
125.0

121.4

127.0

llf.4

•

•

»

.

*

in

35^.2
15.3
17.1
2.0
1.8

*M

^•3

2.1
1.8

15.4
10.5
172.4

15.6
11.1
172-9

13?
106
l6l

167
180
15*

262

%

5*»3
37.2
15.6

17 4
2.0
2.0
51.9
16*7

T207.2
rl2M
rl28.8

*57.2
37.9

rl5.6
rl8.l
2.0
2.0
50.7
rl6.8
10,9
184.4,

I83.7
115
80
141

211.9
129.1

TO
1*,.*8
18.3
2.2
2.0
53.0
16.8
11.0
187-1

rll8
r76
150

130

??9
267

295
261
249
278
370
284
155

V

154

COMMODITY PBICB3
P r i c e s r e c e i v e d by f a r c e r s , a l l f a r o p r o d u c t s . . . . 1909-UulOO
Cropa
do..
Pood g r a i n
do..

Peed grain aad hay.
Tobacco
Cotton
Pruit
Truck crops

.do..
do..
do..
.....do..
do..
do..
.do..
do..
.1935-39-100

178.7

lew construction, total
•
a i l . of dol
Private, total
do..
Residential (nonfara)
do..
Honrealdantial building, axe. fara aad p u b . u t i l i t y . . d o . .
Industrial
do..
Para construction
do..
Public u t i l i t y
do..
Public construction, t o t a l
•
do..
Residential construction
do..
Military aad naval.
do..
nonresidential building.
.
do..
Industrial
do..
Highway.
do. •
i l l o tner..
do..
Value of contracts awarded (Pederal Eeserve indexes)*
Total, unadjusted.....
1923-25.100
Residential, unadjusted
..do..
Total, adjusted
do..
Residential, adjusted
,
do..

1,162
885
1(05

,

do..
do..

Meat aniaale
Dairy products
Poultry aad eggs
Retail prices, U. 3 . Department of CoaaerceS
All coaaodltlee, index

301

214

261
282
370
284
141
262
357
309
361
291
ai

179.7

190.8

192.1

193.5

1,264

1.302
1.015
525

rl.455
rl
r585
278

1.724

112
50
203
339
5
13
77
2
136
108

1,605
rl,228
r633
r30S
rill
62
225
r377
r5
rl2
r79
2
rl67
rll4

206
181
181
154

r226
195
r!88
165

229
190
197
173

251
253
390
289
215

So
390
275
228
215
318
278
338
233
205

Oil-bearing crops
L i v e s t o c k aad p r o d u c t s

291

!S
286
IS
220

291
371
275
142
31*0

f

240
256
172

fd
326
390
291
221

300
234

COSSEKJCKOM ASS BSaL SSSiXX

I

So
50
180
277

197
298
9
19
42
2
137
91

8

,4315

2

H

37
190
13
71
2
98
99*

170
138

182
156
181
148

9.357

10,614
2,834
7.779

no, 711

287.1
298.4
283.4
301.2
296.9
302.6
231.957
84,330
147.627

330.4
356.6
321.8
336.5
357.8
329.6
319.3^2
115.382
203,959

r329.9
r345.4
r324.9
r32^.2
r331.4
r327-2
297.939
104,612
193.327

308,843
105.305
203.538

m

1.236
60,5^

1.238
60,422
58,660
7.861
50.800
1*761

1.261
63.479
61,296
9.396
51.899
2,184

158

116

'•SI
381
233
4io
3

U

2
186
120

DOMJBSTIC TEADI

i l l r e t a i l storeel
Setiaated s a l e s , total
a i l . of dol.
Durable goods stores
.do..
nondurable goods storee
do..
Iadaxea of sales*
Unadjusted, coabined index
1935«"39»100
Durable goods stores
..do..
nondurable goods atoraa
do..
Adjusted, combined index
do..
Durable goods stores
do..,
Nondurable goods atoraa
do...
Mail-order aad store sales, t o t a l , 2 companies..thou*, of dol.
Montgomery Ward * C o . . . ;
do..
Sears, Roebuck aad Co
do..

9,489

2,402
7.087
302.9
309.4
300.8
301.6

297-7
302-9
253.091
89.635
163.^56

z

S

AfPLOTJfEKF CQSDMIOHS AMD tfiftSS

Labor force (Bureau of the Census):
Armed f o r c e s

thousands

Civilian labor force...
do..
Aaployaeat
do..
Agricultural
...
..do..,
Honagr icult oral
»....
..... do..
Unonploynent. • •••»•••••»•••«•••••«.«•••. ^ ••••..•• .*i • .do. •.
r/ Revised.




1.398
62,609
60,055
10,377
49.678
2.555

60,079

10.06$
50^013

2.584

50,883
.2.193

r2.7l4
r7.998

10.755
2,887
7,868
335.4
362.6
326.5

m

329.6

|3.'p2
61,615
9.I63
52.452
2.227

MONTHLY

BUSINESS

Sarlier data art arailabii in monthly l i m i t s of the Survey
a s i t b i 1$42 Supplement

3

ST A T 1ST ICS — Contimwi
1948

XS^7

June

*•*

April

July

JttAt

IXMaSOB
fader*! Batoro banks, oondltloa, end of monthi
aatebs, total
n i l . of del..
fieserre teak OP edit outstanding, t o t a l . . . . . . . . . . " d o . . .
United States s e c u r i t i e s • • . . • • • . . - . . . . • • • • • • • • • • M - d e . . •
Oold certificate r e s t r r e s . . . . . . . . . . . . . . . . . . . . . . . . . .do. • •
L i a b i l i t i e s , total
;
4o...
Depoeitt, total
.....*
....do...
Master bank r satire b n l a a o e t . . . . . . . . . . . . . . . . . . . . . d o . . .
Sscest reserves ( e s t i m a t e d ) . . . . . . . . . . . . . . . . . . * . d e . . .
federal Bttarve. notes in c i r c u U t i o n . . . . . . . . . . . . . . . d p . . .
fieeerre r a t i o . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . p e r c e n t . ' ,
federal Government finance*
Debt, grots, end of month
. . . . . . . . . . . . . .ail* of dolInterest bearings
Public issues. . . . . . . « • • •
• » » . . . . . . . . . . . . . .do. .:•
Special issues
'.....
.
.do...
Nonlnterest bearing
• •.
do.
Obligations guaranteed by U. S., amount outstanding..do...
Oold, monetary stock, Ttoited S t a t e s . . . . .do...
Currency in circulation
. , » .
.do...
Bonds*
Prleest
domestic tnunicipale (15 bonds). Standard and Poor's
Corporation
. . . d o l . per $100 bond.
U. S. Treasury bonds (taxable).
...do...
Tlelde*
Domeetlc municipal a (15 boa&e)...
...percent.
U. S. Treasury bonds ( t a x a b l e ) . . . . . . . .
.....do...
Stocks*
Prices*
Dow-Jones & Co. (65 stocks)
. . . . . . d o l l a r s per snare.
Industrials (30 stocke)
......do...
Public u t i l i t i e e (15 stocks)
;••
do...
fiailroads (20 s t o c k s ) . . . .
do...
Standard and Poor 1 s Corporation: 1/
Combined index (4l6 e t o c k s ) . . . . «
1935-39*100.
IndustrialB (365 stocks)..
.....do...
Public u t i l i t i e s (31 stocks)
...do...
Ballroads (20 stocks)
•
...do...
Yields*
Preferred, high-grade (15 stocks)
percent.

44,425
22,170
21,878
80.039
44,425
1J.J48
16,112
738
47.8

44,626
83-875

1J.869
16,007

45.1*99
20,858
20,340
21,910
45,%
lf.007
16,944

:m

83.648
51.4

$B
44,626

27.366
3.173

24,090
48.4
259,448
227.80*5
28,516
3.127

a , 266
28,297

21.537
28,149

134.4
104.1

134.7
IO3.8

1.92
2.22

1.91
2.25

61.26
173*76
i.98
-.86
119.1
124.1
100.8
97.6

65.32
I83.51
35-61
4909
126.0
131-7
102.2
108.2

3.76

1,320

258,286*

m

46,270

a»5J6

47,067
21,900

46,go

88.25*
47.067
80,176

80,662
22,036

19.761
17,021
- 848
83.675
50.7

252,240

252.236

220,718
29.201
2,320

220,636
29.323
2,278

a,366

"•!?!
83.758
50.7
252.292

23.304
27,8X2

219.852
30,211
2.229
69
23.532
r27,903

125.7

127.O
101.2

127.8
101.2

100.8

2.31
2.42

2.26
2.41
70.61
191.05
35.73
61.37

124.6
130.8
96.2
115.2

69.U
186.38
35.16
60.32
130.2
136.9
99-2
122.6

3*72

4.12

4.09

4.04

1.265
1.253
450
445

1.123
1.113
527
525

1.103
1.092

1.013

%

596

2,984
408
40
173

4,404
992

3.524
795
58
189
199
42
408
332
1.499
139
153
187

7?

?4

2M
66.O3
igo.05
33.75
56.03

135.1
142.7
100.6
125.6

POBBIGH TBABB
fixports, including reexports, total
mil. of dol.
Exports of U. S. merchandise
;.....
do...
General imports, total
...••••
do. •.
Imports for consumption. .............*....;
do...
IBaVSPOBXaSIOH
Freight carloadings*
•thousands.
Total cars (•.•.&.) 2/.
......do...
Coal
.*......
......do...
Coke
do...
forest products
do...
Grains and grain products.
Livestock
•
.do...
Merchandise, l . c . l . . . . . . .
....do...
Ore
•. • •
.do.. •
Miscellaneous
•
• -••
. . . *.do...
Combined index, adjusted (federal
fieserre)•...1935-39=100.
Coal
....
do...
Coke.
.....do...
Poreet products
.....
.do...
Grains and grain products.
.....do...
LiTss t ock
do...
Merchandise, l.c.l
do...
Ore
•
do...
Miscellaneous.
.do...
freight-car surplus and shortage, daily average*
Car surplus. •
•
.number.
Sox care.
.do...
Coal cars
do. •.
Car shortage.
.......do...
Box care.
•..*•..
.do...
Coal cars
•
do...

x

'2g
470

3.543
70S
55
188
200

x

4©l

§

447
204
1,510
130
105

. 324
1.555
X T

?
141
l
P5
14

X 7

?

140
107
74
184
142

141
123
105
70
213
145

11.333
5.904
1.390
14,969
5.127
9,357

15.697
9.592
5.331

104,170
3.459
95.106
2.330
1.079
1.097

16,1*29
£,039
525,828

13.726
5.650
529.523

28,705
7.210
564,119

7

?

224
200

54J
395
1.913
141
163
185
139

1

69
213
143
14.515
5.824
109
2.656
227
2.320

Ikk

II

191
140
15.633
9.93?
14
15.350
2,002
12,715

fOODSTUffS AND TOBACCO
Distilled spirits:
Production......
Tax-paid withdrawals...... • •
Stocks, end of m o n t h . . . . . . . .

.thous. of tax gal.
.do...
.....do...

25.955
6,785
580,827

3.260
6.292
%
993.936

vj fierieed. 2/ Preliminary. 1/ Number of stocks in index currently; the change in the number does net affect the continuity of the 1
r i e e . 2/ Data for July 1947. May and July 1348 are for 5 weeks; other months, 4 weeks.




4

MONTHLY

BUSINESS

Earlier data are available In monthly issue* of the Survey
and the 1942 Supplement

S T A T l S T I C S —Continued
1948

19*7
June

July

April

Hay

June

POODStUPfS AHDTOBACCO- Continued
D i . t i l l e d s p i r i t s - Continued.
Whiaky*
Production
thou*, of tax gal.
9.932
Tax-paid withdrawal*
do. . .
3,280
Stock*, and of month...
do...
464,825
acetified distilled spirit*, production, total
7.021
thou*, of proof gal.
Whisky..
•
*o...
6.522
Sugar, U. S., deliveries and supply (raw value)*
Deliveries, total
•
abort ton*. rl,020,448
lor domestic consumption
do... rl,000,403
Production, doneetic, and receipts}
Bntriee from off-shore area*
.......do...
5**,2*3
Production, domestic cane and beat
do...
3*.590
1.138,00k
Stock*, raw and refined
do...
METALS AS]} KAVUPAOtUBSS
Iron ore (take Superior District)J
Shipments from upper lake ports.
.thou*, of long ton*.
ll.*57
Castings, malleable iron:
Orders, new, for sal*
short tons.
31.972
Orders, unfilled, for sale
•
do...
248.798
Shipments, total
•
do...
78.52*
$0 outside t r a d e * . . . . . .
do...
*5,29l
Casting*, steelt
Shipments, total
.do. *.
139.031
for sale, total
do...
103,688
Hallway specialties
»
do...
31.879
Steel ingot* mod steel for easting**
Production
thou*, of short ion*.
6.97«
Percent of capacity.••
..
92.9
Steel products, net shipmente*
total.o
do.
5.26*
Merchant bars
do.
901
Pipe and tube*
do.
Plates.
.do.
563
Bails
.do...
205
Sheets
do...
1.225
Strip — Cold rolled
do...
Sot rolled
do...
Structural shapes, heavy
do...
36*
tin plate and tarneplate
•
do...
407
Wire and wire product*
do...
PAPSE AMD PBHitlHw
Wood pulp J
Production, total, all grade*
short tons.
r99l.672
Bleached sulphate
do...
r90,138
Unbleached sulphate
do...
r35*.188
Bleached sulphite....
do...
152,426
Unbleached aulphit
.do...
r73.8l8
Soda...
do...
41,696
Groundwood
do...
173.802
Oafibrated, exploded, etc
do. •.
64.664
Stocks, end of month, total, all grade*
do...
103.598
Bleached eulphat*
»
do...
7.108
Unbleached sulphate.
•
do...
8.067
Bleached sulphite
do. •.
27,*75
Unbleached sulphite...*.
do...
15.332
Soda.
do...
39.626
Orouadwood
....do...
All paper and paperboard mill* (Bureau of the Cen*u»)i
Paper and paperboard production, total
.do... rl,727.609
r8S2,464
Paper
.do...
Paperboard
do...
75?.505
§4,640
Building board
do...
Paperboard 1
Orders, new
do., •
461.226
Order*, unfilled, end of month
....do...
742,124
Production
do...

III

20,041

7.197

20,853

468,432

494)969

7.831
7.012

8,661
7.928

511,242
6.140
7,307

1*.933
3.132
521,467
6,242
7,320

826.310
778.978

*562.391
557,910

r599,?58
r595,6l4

818,181
814,200

719.956
38.992
1,104,966

445,309
1,842,886

512.510
r25,222
1,782,484

402,872
46.339
1,501,938

12,614

7,677

11,609

11.727

26,591

3*.236
191.553
76,079
42,261

35.320
178,760
81,747
48,113

*o,733
116,956
85,014
21,280

42,168
199,578
80,602
*5.9*1
150,305
114,896
36,079

1*3.337
111,616
39,275

152,894
U7.79*
k
L587

6,579
85.1

r6,218
80.4

r7,560
94.7

r7.256
93-8

*,975
493
480
464
199
1,181
116
131
3
5J
324
335

5.096
481
518
528
1*5
1,310
148
132
302
310
395

935.*l6
92,058

1,081,224
102,841
384,106
161,535
76,564
k
3,U9
184,129
81.521
96,598
7.127
10,553

"835

3.3p5

5*7
563
179
1,314
142
127
362
322

5.*77
525
565
592
189
1,302
152
139
372

429

1,090,194
104,287
401,306
156.315
73.813
k
3.576
184,744
81.567
102,419
8,737
8.309
21,162
16,271
3,283
38,087

2.858
38.725
1.625.*57
817.050
707.743
100,684

32)460
1,907,516
953.290
842,557
111,669

??•*?

736,454
*9*.55*
709,956

790.215
397»*07
824,155

rl,127,323
rl07,a7
1*12,959
rl62,48i
J.857
^385
rl91,151
82,366
rl05,018
7,665
9,637
*23,219
16,401
3.325
38,325
rl,908,234
*95?.903
326,520
rl21,811
791,201
352.013
821,795

*.60?
47,424

4,084
39.882

4.438
34,600

k
,867
55.965

*4*590
53.208

1*2.529
3*5,175

£3'

50,616
123,248

r52,022
rll2,724

55.692
118*389

78,722

rt5,268
42,866
r85,73 k

•39.318
41,206
69,214

142)436
64,268
38,3*5
160,507
62,000
96,601
7,320
6,3U

RS5

x

1:l

ft

1.832.933
937.335
786,303
109,295
798,0J3
381*065
789,230

PSSBOLSIIC AW) COAL PBDDUOtS
Anthracite, production
thou*, of short ton*.
Bituminous ooal, production
•
do...
BJJBBB2 AND BTBBSR PBQDUCtS
natural rubber:
Consumption
long tons.
Stocks, end of month j j * .
....do...
Synthetic rubber!
Consumption......
do...
Production.
do...
Stocks, end of month 1/
.
.do...
vj Revised.

42,^80
35.681
97.612

1/ See note on corresponding item in the July 1948 Survey.




37.6P7
3L917
97.728