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SURVEY OF CURRENT BUSINESS ME NT Of f WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE OFFICE OF BUSINESS ECONOMICS Available only with subscription to the monthly magazine SURVEY OF CURRENT BUSINESS August 13, 1954 * * * * This Supplement provides selected weekly data and monthly data subsequent to those published in the latest monthly SURVEY * * * * WEEKLY BUSINESS STATISTICS1 1953 1 TCM Commodity prices, wholesale: A l l commodities. . 1947-49=100 Farm products do. . Foods, processed do.. A 1 1 other do 22 commod i t i es 27 do . . Department store sales... do.. Insured unemployment, total thous. State programs do. . Failures, ind. & comm. . number Bond yields, domestic corporate (Moody?s) 3/. ., .percent » Aug. 8 1953 1954 1954 1 TCM J u l y 24 July 31 *l 10.6 *96.4 *I04.8 *l 14 9 87.8 **86 1 10.2 95.8 105.5 1 14 2 91.5 84 109.7 93.9 103.9 1 14 2 90.9 87 **9I5 **863 195 #2,029 # 1 , 855 188 3.50 3. 15 Aug. 8 Aug. 7 109.8 94.9 104. 1 1 14 2 90.7 195 207 3. 15 3. 14 Stock prices (480), Standard 189 0 and Poor's 1935-39-100 204.3 Industrials (420) do.. Production: Bitum coal 3/ thous sh tons **l 543 Electric power, by utilities m i l . kw -hr **8,5I2 Motor vehicles (Ward's) ... .No. 135,482 Petroleum, crude 3/. .thous. bb 1 . **6,47I Steel (ingots & for castings 131 .9 quantity) 4/ 1947-49=100 **794 Freight car loadings. thous. cars **377 Miscellaneous . ... do.. J u l y 24 J u l y 31 230 3 253.0 234 2 257.8 1 182 1 Aug. 7 237.0 261.3 250 9, 103 122,789 6, 171 9, 139 123,482 6, 158 96.9 684 332 95.4 684 336 120,392 95. 1 J./ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily averages. 4V Week ended August 14, 94.6. * Monthly index for August 1953. ** For week corresponding to latest for which data are shown. # Data for preceding week: Total, 2,095,000; State programs, 1,920,000. MONTHLY BUSINESS 1953 1954 1953 ITFM June May July CONSTRUCTION AND REAL ESTATE July May June July EMPLOYMENT AND WAGES - Con. 189 178 172 175 225 251 196 213 r234 r257 r!93 r2!6 *5,698 *278 *3,3I5 *2, 105 6 255 1 480 1,820 2,954 10 342 2 141 4,375 3,826 14,246 14,658 14,328 2,832 739 3,095 758 2,646 725 821 406 3,447 955 1,478 852 406 3,385 989 1,514 735 40! 3,687 1,064 1,377 106 108 p!06 p i 12 e9l el 15 64,425 65,445 61,119 / 62,098 7,628 6,822 54,297 54,470 3,347 3,305 65,494 62, 148 7,486 54,661 3,346 239 249 205 226 DOMESTIC TRADE All retail stores, sales: 2/ Unadjusted, tota 1 . . . .mi 1 ., dol. 14,385 Durab le goods: 3,068 Automotive group do. . Furniture & app 1 iances. do. . 741 Nondurab le goods: Appare 1 group . .do. . 708 Drug & prop stores . .do 392 Food group do. . 3,478 Gasoline serv. stations. do. . 971 Genera 1 -merch group do 1 346 Dept store sales U S total* 89 Unadjusted index. . 1947-49=100 113 Adjusted index do. . EMPLOYMENT AND WAGES Labor force (Bureau Census) : C i v i l i a n labor force. .. .thous. Emp loyed do. . Agr icu Itural do. . Nonagr i cu 1 tur a 1 do . . Unemp 1 oyed do. . 1954 I TCM July Value of contracts awarded (Federal Reserve indexes): Total, unadj 1947-49-100 Res i dent i a 1 , unadj , do . Total, adjusted do.. Residential, adjusted. . ..do. . Highway concrete pavement contract awards: \_/ Total.. . ...thous. sq yd A i rports . .. do Roads ,. do. . Streets and alleys do.. STATISTICS 64,668 63, 120 7,828 55,292 1,548 Employees in nonagr . estab 1 . , total, unadj thousands 49,716 Manuf actur i ng do. . 17,336 Mini ng do. . 836 2,768 Contract construction. .. .do. . 4,283 Transp. & pub. uti 1 do.. 10,414 Wholesale & retail trade. do.. 2,067 Finance, ins. & real est.do.. Service & mi see 1 laneous. .do. . 5,607 Gover nment . . . do . . 6,405 Prod, workers in mfg. ind.: Tota 1 thousands 13,875 8,194 Durable goods do.. Ordnance & acces do. . 199 727 Lumber & wood prod do.. 314 Furniture & fixtures. . .do. . 458 Stone, clay, etc k.do.. 1, 143 Primary metal ind do.. 934 Fab. metal products 3/. do. . Machinery (exc. elec.).do.. 1,295 918 Electrical machinery .. .do. . 1,559 Transportation equip... do. . Instruments, etc do. . 242 Miscel. wfg. ind do.. 405 5,681 Nondurable goods do.. 1,202 Food & kindred prod.... do.. Tobacco manufactures. . .do. . 84 Textile-mill products. .do. . 1,085 Apparel, etc do.. 1,066 439 Paper & a l l i e d prod.... do.. Printing, etc do.. 507 Chemicals, etc. do.. 546 Prod, of petro. & coal. do.. 190 219 Rubber products do. . 343 Leather & leath. prod.. do.. Mfg. prod. -worker indexes: Employment: Unadj. 1947-49=100 112.2 1 14. 1 Adj do.. r 47, 935 r 15, 836 r737 r2,634 r4,008 r 10,375 r2,08l r5,563 r6,70! p48, 150 p47 , 86 1 p 15, 888 p!5,66l p727 p748 p2,730 P2,8I9 p4,033 p4,029 p i 0,424 p!0,38l p2, 106 p2, 127 p5,600 p5,644 p6,625 p6,469 r 12, 437 r7,208 ri25 r679 r277 r427 r976 r833 r l , 165 r79.l r 1,342 r220 r374 r5,229 r 1,031 82 r969 r985 433 r5!5 r525 r 179 197 r3!5 p 12, 484 p 12, 259 p7, 180 p6,942 p!20 p i 16 p6!4 p704 p276 p275 p429 p428 p968 p985 p803 P830 p i , 150 D 1,122 p778 p775 p i , 266 p i , 321 p2IO p?!5 p363 P374 P5,3I7 P5,304 p i , 078 p i , 162 p82 p82 p960 P980 p989 p982 p429 p436 p5!8 p5!5 p5!8 p5!2 p!8i p!80 p!67 p!99 p324 P328 rlOO.5 r!02. 1 piOO.9 plO!.8 p99. 1 PI00.4 £/ Revised. j>/ Prejiminary. _e/ Estimated. * June 1953 data. _[/ Data for June 1954 are for 5 weeks; other months, 4 weeks, 2/ July 1954 figures are advance estimates. 3/ Except ordnance, machinery, and transportation equipment. MONTHLY BUSINESS STATISTICS — Continued ITPM May July June June May :4uly FINANCE - Con. Manufacturing productionworker payroll index, unadjusted 1947-49=100 151. 1 Hours and earnings, all mfg: Average weekly hours per 40.3 worker hours 40.8 Durable goods..... do.. 39.6 Nondurab le goods do. . Avg. weekly earnings. . .dol lars 71.33 76.70 Durab ie goods do. . 63.76 Nondurable goods do.. .77 Avg. hour ly earnings do.. .88 Durab is goods do. . .89 Ordnance & acces do. . Lumber & wood prod do.. .65 .53 Furniture & f ixtures. . . .do. . .73 Stone, clay, etc do.. 2.08 Primary metal ind do.. .85 Fab. metal prod _[/....'. .do. . .96 Machinery (exc. e lee.).. do.. .76 Electrical mach cfo.. 2.08 Transportation equip. .. .do. . .77 1 nstruments, etc do. . .56 Mi seel. mfg. ind do.. .61 Nondurable goods do.. .60 Food & kindred prod do.. .28 Tobacco manufactures. .. .do. . .36 Textile-mill products. . .do. . .33 Appare 1 , etc do. . .70 Paper & a l l i e d prod do.. 2.19 Printing, etc do.. 1.86 Chemicals, etc do.. 2.23 Products of petro.&coal .do. . *l.93 Rubber products do. . 1.36 Leather & leath. prod... do.. FINANCE Federal Reserve banks, condition, end of month: 50,466 Assets total mi 1 dol Reserve bank credit out-1 standing, total ... .mi 1 . dol. 26,176 24,964 U. S. securities do.. Gold certif. reserves do.. 2.1,085 50,466 Liabi lities, total do.. 21,068 Deposits do 13,607 Member bank res. bal....do.. 590 Excess reserves, est...do. . FR notes in circu lat. . . .do. . 25,872 44.9 Reserve ratio percent Federal Government finance: Gross debt (direct), end of month .mi 1 . dol. 272,669 Interest-bearing, total.. do.. 270,603 Public issues do.. 230,009 40,594 Special issues ..do.. Non i nterest bear i ng do. . 2,066 r 134.4 p!36.7 39.3 r39.9 r38.5 r70.74 r76.2l r63.9l r 1.80 1.91 rl.97 r 1.67 rl.56 rl.75 r2.06 1.89 r2.0l 1.81 r2. 1 1 1.82 rl.6l 1.66 rl.68 1.35 1.36 rl.32 1.73 2.27 1.90 2.26 rl.96 rl.39 p39.6 p40.0 p39.0 p7l.68 p76.40 p64.74 p i . 81 p i . 91 p i . 98 p i . 68 pi. 57 p i . 76 p2.08 p i . 89 p2.00 p i . 81 p2.ll p i . 83 p i . 60 p i . 66 p i . 68 p i . 35 pi. 36 pi. 33 p i . 74 p2.27 pi. 91 p2.28 p2.00 p i . 39 50,494 50,759 25,781 24,812 21,293 50,494 21,143 19,563 672 25,544 45.6 25,642 25,037 21,239 50,759 20,808 19,01 1 r599 25,588 45.8 273,475 271,280 229,913 41,367 2, 195 271,260 268,910 226,681 42,229 2,350 jr/ Revised. £/ Preliminary. * June 1953 data. 1954 cover 5 weeks; other months, 4 weeks. p!32.8 Federal Gov't finance - Con. Obliga-iNons guaranteed by 63 U. S. Government. ,. ,m\ 1 . dol. Life insurance, assets: All cos.dnst. of Life 5ns.): Total, estimated m i l . dol. *75,403 Securities & mortgages. .do. . *67,698 Bonds: Price: Dom. munlc. (15 bonds), S&P Corp... do I. per $100 bond 115. ! Stocks: Dividend yields, preferred stocks, 1 ! high-grade 4.37 (S&P Corp.) percent Prices: Dow- Jones & Co., Inc. (65 106.08 stocks) dol. per share 270.32 Industrial (30) do.. 49.03 Publ ic uti 1 ity (15) do. . 105.68 Rai Iroad (20) do.* SiP Corp., combined index 185.5 (480 stocks) 1935-39=* 100 200.1 Industrial (420) do.. 185.9 Capital goods (129) do.. 171.7 Consumers 'goods (195).. do.. 119.2 P u b l i c uti lity (40) do. . 173.7 Rai Iroad (20)... do.. p39.4 p39.8 p38.9 p70.92 p76.02 p64.57 p i . 80 p i . 91 p i . 98 p i . 64 p i . 57 p i . 77 p2. 1 1 p i . 89 p2.0l p i . 82 p2. 12 p i . 83 pl.6i p i . 66 p i . 67 p i . 38 p i . 36 METALS AND MANUFACTURES p i . 34 p i . 77 Iron ore (Lake Superior dis.): Shipments from upper lake p2.27 14,497 ports thous. 1. tons p i . 92 p2.26 Radio sets, prod. 2/. .thousands *I,I63.8 *524.5 Television sets, prod. _2/..do.. p i . 37 PAPER AND PRINTING Paper, ex. bldg. paper, newsprint & paperboard (APPA): Orders new sh tons *857,394 *852, 103 49,746 Shipments .. do.. *853,480 Stocks, end of month do.. *409,929 25,183 Fine paper: 24,325 *I06,9I4 Orders new do 21,220 Production. .. .. ..do.. * 108, 556 49,746 Shipments do. . *106,764 20,454 Stocks, end of month do.. *97,500 18,702 Printing paper: p942 Orders, new .. .' . .do.*.308,394 25,567 Product i on . do. .*298,2I5 46. 1 *299,593 Shipments do *I5I,9I4 Stocks end of month do Coarse paper: 270,984 Orders new .do . *272,040 268,681 *279,036 Production do 226,528 Shipments .do. *275,893 42,152 Stocks, end of month do.. *75,256 2,303 80 81 80,547 71,997 80,981 72,36! 123.6 123.9 126.9 4.03 4.05 4.04 120.74 322.86 57.37 108.62 122.69 327.91 57.92 110.89 127.66 341.27 59.43 116.65 219.8 241.5 235.9 189.2 134.9 173.0 221.8 244.0 241.6 191.2 135.0 175.7 231.1 254.5 255.9 202.4 139.5 184. 1 9,952 722.1 396.3 10,608 837.7 544.1 11,016 r842,664 r866,69l r858,753 r4!7,883 856,000 850,000 846,000 421,348 r 108,088 r 1 10,232 r 107, 486 r99,229 109,000 111,000 110,000 100,000 r 288, 055 r298, 138 r300,2!6 r 155, 498 296,000 285,000 286,000 154,498 r273,2!7 r 283, 606 r 278, 859 r9l,9!6 277,000 283,000 276,000 98,000 *,, \J Except ordnance, machinery, and transportation equipment. 2/ Data for June 1953 and June PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300 UNITED STATES GOVERNMENT PRINTING OFFICE FIRST CLASS WASHINGTON 25, D.C Permit No. 1000 WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS July July EMPLOYMENT AND WAGES - Con. DIVISION OF PUBLIC DOCUMENTS 1954 1953 1954 1953 1 TFU