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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
AUGUST 16. 1947

m t K B L E ONLY WITH SUBSCRIPT I ON TO SURVEY Of CURRENT BUSINESS

r..1, ',.„:,

SELECTED

BUSINESS

;•••;

'

••••-»

INDICATORS

STEEL INGOT PRODUCTION

ELECTRIC POWER PRODUCTION BY UTILITIES
(BILLIONS OF KILOWATT HOURS)

I1936 - 3 9 - 1 0 0 )

„ L I J L J - L J - L , 1 - . L 1 J .I..; Ln..;...>.Li...L.i.'..t i t. i.i

J.U.J..L.I..I

VALUE OF MANUFACTURERS* INVENTORIES AND SHIPMENTS

S A L E S O F RETAIL S T O R E S

(AVERAGE MONTH, 1939-100)

(SEASONALLY ADJUSTED, 1 9 3 5 - 3 9 - 1 0 0 )

gOO K * * * * ^ *

!944

1946

1945

WEEKLY

1947

1944

BUSINESS

1946

1945

1946

19U7

XSBt

* * * • * 9 I iagftft 2 I July 26 | July 19 | July 12
Commodity prices, wholesale:
All commodities Zf
1926B 100.,
farm products
.
do....
food..
do....
All other 2/
.do....
28 commodities V
August 1939*100..
Cotton, middling, 15/16", 10 markets kl
dol. p«r lb*.
Wheat, So.- 2, Hard Viator (Kansas City) 5 /
dol. par bu..
Department 3feore sales
1939-39al00«.
Insured unemployment, total 6 /
.
thous.,
State programs
.do....
Veterans' program*
.do....
finance*
Currency la circulation 4/
all. of dol..
federal Bsserve bank credit, total
do....
Member bank reserve balances
•
do...,
Excess reserves, estimated
do...,
federal Beserve report lag member banks la leading cities* Jj
Bank debits, total
ail. of dol..
Sew York City
do....
Deposits, denaad, 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 Poor's).. 1935-39*WO.,
Industrials, 354 stocks
do....
Production:
Bituminous coal 4/ 8/
tfaous. of short tons..
Electric power, by utilities
.ail. of kw-hr.,
Motor vehicles (Wards) 2/
..number..
Petroleum 4/
thous. of bbl..
Steel 10/
1935-39»100.,
freight earloadings, total
thous. of care..
Miscellaneous
do...,

...».«.»

307.1
.356
2.29

28,216
22,211
16.409
813

151.3
180.8
168.0
1J4.7
2.27
219

2S,l40
22,310

"'%

S&
38.739
2.79
125-7
125."
1.6
131.

1947

STATISTICS1

11,967
69
2.79
123.1
130.9

150.6
182.0
167.1

^ 5
.377
2.32

1.92?
1,142
28.1*3
698
18,376
7.1*2
47,187
63.513
39.15*

"•*
2.80
127.9
133.8

august 101 August 3

705

148*3
178.2
165.8
132.1
3°3: k
.376
2.21
228
1.969
1.171
758

127.1
I62.3
144.0
110.8
239.9
.350
1.93
228
12.782
'2?7
1,644

28,224
22,248
16.336
8O3

28,355
22,035
16,190
674

28,332
24,134
16.033

19.028
7,658

15.462
6,227
46,525
63.227
39.099

19.169
7.320
45,382
68,214
46,948
9.037
27
2*72
149.2
153.1

150.3
182.4
168.0
132-9
305J
.386
2.31
217
1.978

39.145
11,848

63
2.80
127.8
133.8

"•^
2.80
125.1
130.8

125.0

I56.5
142.3
109.2
248.8
•33p
1.94
217
2,821
1.125
1.645

S3

2.017
2,052
1.017
*.732
4,531
4,412
79.199
97.712
103.091
90,075
77.825
5.050
5.?45
4,821
"l8olo
" 185I0
179.4
154.7
175.7
7
922
920
899
398
369
389
382
l^fiata do not always cover calendar weeks. 2/ See note in January 1, 1947 icons, jj Thursday prices. 4/ Daily average.
inc
includo
dark hard winter not included previously. 6/
for description
description see
see note
note in
in July
July 13,
13, 1946
1945 issue.
issue, JJ
jf Shown
Shown'on
onaarevised
revisedbasis
basisbeginbegin6/ for
ning in Supplement for July 18, 1947* 8/ Continues series from Bureau of Mines published in the Supplement through the June 6, 194? issue.
2/ Data are for U. 8. and Canada and include passenger ears, commercial care, and trucks. 10/ Veek ending august 16, 182.7.




1.967
^.730
83.807
5.084
182.3
920
391

5

MONTHLY

BUSINESS

Surlier data are available in monthly ieeuee of the Surrey
and the 19*12 Supplement

STATISTICS
1947

July

Para marketInge, indexes of volume:
Total, unadjusted
1935-39*100.
Crops
do...
Livestock and products
do...
Manufacturer*' orders, shipments, and inventories!
Hew orders, index, total
average month 19395IOO.
Durable goods
do...
nondurable goods
do. •.
Shipments, index, total
do...
Durable goods
do...
Automobiles and equipment
do...
Iron and steel and their products
do...
Machinery, including electrical
do...
Honferrous metals and products
do...
Transportation equipment (except automobiles)....do...
Other durable goods
do...
Nondurable goods
do...
Chemicals and allied products
do...
food and kindred products
do...
Paper and allied products
do...
Products of petroleum and coal
do...
Bubber products
do*..
Textile-aill products
do • •.
Other nondurable goods
do...
Inventories, index, total
do...
Durable goods
do...
Automobiles and equipment
do. • •
Iron and eteel and their products
do...
Machinery, including electrical
do...
Honferrous metals and produete
do...
Transportation equipment (except automobiles).••.do..•
Other durable goods
•
do...
nondurable goods
do...
Chemicals and allied products
do...
food and kindred jproducts
do...
Paper and allied products
do...
Petroleum refining
do...
Bubber products
do...
Textile-mill products
do...
Other nondurable goode
do...

June

1946

May

April

H
158

"S
223
283
313

2a
263
228
255
322
152

339
187
980
174
193
221
150

265
368
365
600
286
262
264
281
274
252
300
201
r22o
251
314
150
334
186
959
172
r204
228

£1

_£ajLjr_

June

119

154

111

14S

150
15«

94
125

204
229
188
206
216
169

a4
?31

r24l

279
219
r288

320
r276
268
'366

r278
r282
r276

240
206
497
211
199
198
220
185

244
311

*268
?*

?P
i
265

174 :
186 |

222
344
300
145

181
195
245
128
256

184
928
170

642

371
597

*39°
r265

r32b 1

r203
222
201 1

J?7

3180
170

203
209
212
126
187
255

210
535
220
206
208
209
208
185
293
208
199
173
189
234
124
251
152
626
128

&g

£118
192

187
228

142
282
188
222

201
139
273
188
223

178.8

177.1

177.2

156.3

147.7

8.765
2,077
6,688

r9.280
2,102
r7.178

8,822
1.988
6,834

7.671
l,6ll
6,060

7.736
1.554
6,181

267 .*6
283.8
275-3
153.8
253.9
282.3

279.5
260.8
285.6
274.1
rl54.4
245.2
283-5

275.4
249.8

235.2
200.0
246,7
247.5
158.2
201.0
262.6

242.3
200.1
256.1

171
120

£'
182

156
176

COMMODITY. PBICBS
Betail prices, U . 8. Department of Commerce:
All commodities, index

1935^39elOO.

DOMESTIC TBADI
All retail stores, total sales
mil. of dol.,
Durable goode etores
do...,
nondurable goode stores
do...
All retail storee, indexes of sales:
Unadjusted, combined index
1935-39=100.
Durable goods stores
do...
nondurable goode storee
.do...
Adjusted, combined index
do...
Index eliminating price changes
do...
Durable goode stores
do...
nondurable goode stores
do...
Department store sales, United States totals:
Unadjusted index
do...
Adjusted index
do...
BffLOTJfSHT CONDITIONS AND WAOSS
Labor force (Bureau of the Census):
Armed forces
Civilian labor force
Employment
Agricultural.
Honagricultural
Unsmp loyment
IINAICB

r
'.

thoua.
do...
do...
-do. •.
do...
do •. •

Federal Beeerve banks, condition, end of month:
Assets, total
mil. of dol.
Bsserve bank oredit outstanding, total
do...
United States securities
do...
Cold certificate reserves
do...
Liabilities, total
do...
Dspoelts, total
do...
Member bank reserve balances
do...
Excess reserves (estimated)
do...
federal Beeerve notee in circulation
do...
Beeerve ratio
.percent.
r/ Bevised. 2 / Preliminary.




3:1

p220
P290

265
288

291

154.6
250.7
281.8
268
276

50,013
2.584

62,609
60,055
10,377
49.678
2,555

1.470
60,290
58.330
8,960
»i9.370
1.960

1.530
59,120
56,700
7.860
48,840
2,420

2.710
60,110
57.840
9.970
47,870
2,270

44,626
a,875
21,549
20,296
44,626
IJ.869
16,007
,p455
24,090
48.4

44,425
22.170
21,872
20,039
44,425
17.748
16,112
r738
24,154
47.8

44,882
22,738
22,088
19,689
44,882
18,009
16,238
991
24,120
46.7

44,236
22,205
21.857

44,625
24,164
23.633
18,105
44,625
17.906
15.991

8$
17,470
15.826
654
24,022
47.1

208
273

24,244
43.0

£2
189-8
254.7
253
276

3.070

£:£
10,010
46,350
2.570
44,828
24.456
23.783
18,103
44,828
18,206
16,123
1,112
24.191
42.7

MONTHLY

BUSINESS

Earlier data are available in monthly issues of the Surrey
and the 1942 Supplement

3

S T A T! S T I C S — Continued
1*7

1*6

July

June

May

Gold, monetary stock, United States
nil. of dol..
Currency in circulation
do....
Public finance (federal):
Debt, gross, end of month...
do....
Interest bearings Public issues
do. • . .
Special issues
do....
Honlnterest bearing
d o . . •.
Obligations guaranteed by U. S., amount outstanding..do....
Expenditures, total 1/
do....
War and defense a c t i v i t i e s
..do....
Interest on debt
do....
Becsipts, Treasury, total
do....
fieceipts, net
do....
Customs....
do....
Internal revenue, total
do....
Income taxes
do....
Social security taxes.
do....
Bonds*
Prices:
Industrials,utilities,and rails (Stan.and Poor's Corp.)8
High grade (15 bonds)
dol. per $100 bond..
Medium and lower grade, composite (50 bonds)
do....
Industrials (10 bonds)
do....
Public utilities (20 bonds)
do....
fiailroads (20 bonds)
do....
Domestic municipals (15 bonds)
do....
U. S. Treasury bonds (taxable)
do....
Yields!
Domestic corporate (Moody's)
percent..
Aaa
do....
A*
do....
A
do....
Baa
do....

pa,537

21,266
r28,297

20.933
28,261

20.77J*

28.114

20,267
28,254

258,286

258.343

3.173

3.368
171

257.701
229.147
25.280
3.274
l71
.
4,001
1.728
141
2,624

268,270
243.994
23.045
1,231
J2U
3.644
1.190
249
2,600

2.309
1.597
75

2.251
1.U89
67

Indus trials
do...
Public utilitiee
do...
Bailroads
do...
Domestic municipals (15 bonds)
.'
do...
U. 8. Treasury bonds (taxable)
do...
Stocks:
Cash dividend payments, 600 companies (Moody's):
Total annual payments at current rates
mil. of dol.
Kumber of shares, adjusted
millions.
Dividend rate per share (weighted average)
dollars.
Banks (21 companies)
...do...
Industrials (492 companies)
do...
Insurance (21 companies)
do...
Public utilities (30 companies)
do...
fiailroads (36 companies)
do,. •
Prices, combined index (402 stocks)
1935-39=100.
Industrials (354 stocks)
do...
Public utilities (28 stocks)
do...
fiailroads (20 stocks)
do...
Yields:
Common stocks (200), Moody's
.percent.
Banks (15 stocks)
do...
Industrials (125 stocks)...
do...
Insurance (10 stocks)
do. •.
Public utilities (25 stocks)
do...
Bailroads (25 stocks)
do...
Preferred, high-grade (15 stocks)
do...

April

July

IIHANCS - Continued
P28,l&7
259.448
227,805
28,51b
3.327

P

lA*

1/853

245
2.469
2.397

1.396
5.^80

5.473

2:5S
92
3.204
2.865
37
2.578
1.619
365

2,12b
1.382
80

35
3.993
3.270
125

122.5
115.7
122.8
113.8
110*5
13^.7
103.75

122.8
114.3
122.6
113.0
107.3
134.4
104.08

104.48

122.8
II6.5
123.5
112.7
113.2
133-2
104.57

2.80
2.82
3.18

2.81
2.55
2.64
2.83

3.a

2.79
2.53
2.63
2.82
3.17

2.78
2.53
2.63
2.81
3.16

2.62
2.72
3.06
1.91
2.25

2.60
2.72
3.10
1.92
2.22

2.60
2.71
3.05
1.95
2.19

2.60
2.71
3.03
1-98
2.19

2.329.35

2.310.25
954.65
2.42
3.?l
2.51
2.59
2*.66
119.1
124.1
100.8
97.6

2.310.25
954.65
2.42
3.21
2.50
2.59
1.96
2.66
115*2
119.0
102.0
95.1

2,224.33
954.65
2.33
3.21
2.40

VX
5.0

u

3-21
2.52
2.59
1.99
2.67
126.0
131.7
102.2
108.2

4.8
3.5

3-5
5.1

3.72

122.9
115.0
123*2
112.5
.109.2

1,960.85
941.47
2*08
3.21
2.04
2.58
1.81
2.71
149.6
153.4
127.7
153.6

2.66
119.3
123.1
104.6
102.2

5.3
3.7
5.0
7.5
3.76

5.0
3.6
4.9
7.3
3.75

142
155
185
148
138
104
76
184
145

137
119

3.7
3.7
3-5
3.2
3.9
5.2
3.43

TBAMSPOBTATIOM
freight car loadings, combined index, adJusted...1935-399100.
Coal
do.
Coke
do.
Forest products
.do.
Grains and grain products
do.
Livestock
do.
Merchandise, l.c.l
do.
Ore.
.do.
Miscellaneous
•
do.
CHEMICALS ATTO ALLIED PRODUCTS
Animal oile and fats:
Animal fats*
Production
thous. of lb..
Stocks, sod of month
do....
Greases:
Production
do....
Stocks, end of month
do....

13U
115
170

l 7

?

141
l

P

107
71

145
140
107
74
184
142

48,260
98,827

P

177
153

148
151
111

18

SB

147

141

262,265
389.074

230,470
339.877

193.029
180,883

46,613
84,829

^6.735
69.983

45,042
103.285

ttinls,
H J ^ * Z L ^ Z £
S c ^ S ^ o r c ^ e l ? : 1 ^ * Z T & 1 & < E ^ 9 * £ **»*?
T
laneou. war-related expenditure, included in earlier S1ST M U . t ^ l ? ^ » T ! V . ^ j £
T ^ ^




3

X

?

^
* * ~ "* *""
*"*"*
**
^ ^

4

MONTHLY

teller

BUSINESS

data art available In monthly Israel of the Starvey
and the 1J42 Supplement

ST A T 1ST ICS — Continued
1947
July

1946

June

May

263,480

312.998

355.646

261.291

do.
do,

565.900
385.5W

r578.705
091.931

557.31
353.193

406|$29

do.
do,

35.750
203,856

48,730
217.204

71.126
207,411

*15.196
263.154

do<
do

J2.0]

25,064
13^.627

28,850
I3I.769

75.684
121,810

do.
....do

122,419
83.890

135.889
r92.605

141,456
115.877

116,508
96.301

*do<
do,

122.782
128,264

r108,829
rll4.604

89.302
91.327

146,866
103,110

2.100
2,560
530
2,030
4.537
1.470
.470
.067

2.059
2.594

April

July

CHEMICALS AMD ALLIED PB0DUC98 - Continued
Vegetable oils, total!
Production, crude
Stocks, end of month!
Crude
aeflned
Cottonseed oil, reflnedt
Production
Stocks, end of month
Linseed oil:
Production
Stocks, end of month
Soybean oila
Productlont
Crude
aeflned
Stocks, end of month!
Crude
Eef lnede.

.

.thous. of lb.

«<

.
*

<

LUMBEH AW) HaVUlACWfiSB
Lumber (National Lumber Manufacturers Association)!
Production, total
mil. of bd. f t . .
Eardvoods
•
do....
Softwoods
*
do....
Shipments, t o t a l • • • • • • » • » » • • • • • • • • • • . . . . . . . • • . • • • • • • • . d o . • • •
Hardwood*
*
do....

2,821

639
2,182
2.497
545

SOftlfOOdS • • . • • • . • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • .dO • . • •

Stocks, gross, end of month, total
do....
Hardwoods
do... •
Softwoods
•
do.. •.
XSEALS AND HAWfflaCTUBSS
iron ore (Lake Superior District)! Shipments from upper
lake porte
thoue. of long tone.
Caetlnge, steel!
Shipments, total
short tone.
Per sals, total
.
do...
fiailway specialties
do...
Barrels and drums, s t s e l , heavy types!
Orders, unfilled, end of month
.....thousands.
Production
do...
Shipments
do...
Stocks, end of month
do...
Boilere, eteel, new orders*
Area
thous. of so,, ft.
Quantity
number.
Zinc, slab:
Production
short tone.
Shipments
do...
Domestic
do...
Stocks, end of month
do. •.

pAPiiE AHD paaraiMa
Wood pulps
Production, total, all grades
Bleached sulphate
Unbleached sulphate
Bleached sulphite
Unbleached sulphite
Soda
Oroundwo od
Defibrated, exploded, etc
Stocks, end of month, total, all grades
Bleached sulphate
Unbleached sulphate
Bleached sulphite
Unbleached sulphite
Soda
Groundwood
•
BOBBER AND BDBBSR PBQDUCTS
Natural rubber!
Consumption
Stocks, end of month
Synthetic rubber:
Consumption
Production
Stocks, end of month

short tons.
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...




1.741
3.525
12,614

r2.306
r2,704
588
r2,ll6
4,761
1.463
3.298

11.457

10.373

139.031
103,888
31-879
13.612
2,244
2,242
23

140,874
103.779
26,850

538
69,126
59.737
44.801
183.718

i

14.370
2.303
2.306
21
1,428
1,212

70,990
63.527
52.390
174.327

i8.*S

999.957
90.171
361,302
152.264

rl,040,
*484
366.873
164,791

73.970
70.803

2,

$

1.968
3.854
I.013
2,841

4,448

10,848

144,175
106,127
29.185
14,542
2.455
2.455
25

117.528
82.975
22.405

fl.378
1.337

2,000
1.480

73.891
72.243
61,715
163.697

59.014
69.220
58.321
229.747

829.378
71.931
309.614
132.575
56.675
37.583

9.960
2.031
2.019
40

161,108
76,000
103.652
7.103
8,174
27.441
15.351
39.626

r26,295
13.527
2.709
35.^2

984.622
87.175
337.047
160,223
74,131
41,655
167.727
74,712
r83.786
6.926
8.331
20.564
10,<
r32,

long torn
do.

34l.'i&

r43,018
r330.960

r43,818
r292,970

a,998
169.490

••••• .do.
do.
•
do.

42,}58
35.&97
97.175

r48,692
39.069
r!05,291

54,333
50,117
116.829

54,562
63.176
101,007

TEXTILE PBODUCTS
Hosiery!
Production
•thous. of dosen pairs.
Shipments
Stocks, end of month.
do.
tj Bevised.

SB

r8,

8:8

171.905
r78,000
*95.771
7.079

J.545

19.749

m

TO
6.773
17.933
11.043
2.448
3 U .940

11,984
11,008
16.854