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:URRENT BUSINESS

SURVEY

,LY SUPPLEMENT
U N I T E D STATED D p , v ARTMENT OF C O M M E R C E
BUREAU OF F O ^ H G N AND DOMESTIC
ri

AVAILABLE ONLY WITH SUBSCRIPTION TO SUFVF*

COMMERCE
AUGUST 19, 1949

» »rtJT . ' ^ l i . f S S

SELECTED

BUSINESS

INDICATORS
ELECTRIC POWER PRODUCTION BY UTILITIES

STEEL INGOT PRODUCTION

(BILLIONS OF KILOWATT HOURS)

(1935-39^ 100)

V

,Owl

v

^"^SB*

;J/"v — ^

— ^

V
^l^—L—v.
DEPARTMENT STORE SALES AND c
(SEASONALLY ADJUSTED, 1935 - ^
ibU

300

r
S4L£S.

Jk

T

t-^'Zr&GE MONTH 1939 « iOO)

^

I

I "c

I

200

r OF ^AMtifACTURERS8 INVENTORIES AND SALES

VA;

~

i
^ ^ ^ ^ ^ ^ ^ ^ (

250

>

^-^ "~5r0t:Ars

_

!50
100

f

• «

.0_1-J^JJ™JJ~U~JUJLJU^

.1.,

^ _J_—J-.1-U-*--,

M l l l H .
1948

^' J '"*

WEEKLY

-

,

::*^:;%

S4" 7

4£

ST* I f f l l C S

1

1949

KAS
Aug. 14 \ July 16
Commodity prices, wholesale*
All

COHMOditl©8 | / . . . . .

farm product e Jf/ — •
food

2/.

All other a/
28 commodities j /
Cotton, middling, 15/16", 10 markets 4/
Iftieat, l o . 2, Hard Winter (Kansas City)
Department store s a l e s . . . . . .
Insured unemployment, t o t a l s . . . . . . . .
State programs
•
feterans' programs
..
IPinsance*

'"

-- - *
•

-' *
*• ^

Au#i»' •'
do* -- -^
ie\
l
...,.7~)~ <•
•
* < '*>3 •?,.
.
. .d c . .

Currency in circulation 4/
ail. of dol Federal Reserve bank credit, total.
.do,..
Member bank reserve balances
... -. .dc...
Sxcess reserves, estimated
.....dn...
federal Reserve reporting member banks in leading cities**
Bank debits, total
mil. of del..1
Haw Tork City
.. ...da.. ..'

Deposits, demand, adjusted
. ...do....j
Loans and investments, t o t a l
.......do....
U. s . Government obligations
...do....!
Commercial, industrial and agr. loans, gross.
do....
f a i l u r e s , industrial and commercial
• .nuaber«•j
Bond y i e l d s , domestic corporate (Moody's)
percent..
Stock prices* 4l6 stocks (Standard and Poor's)
1935-39" 100..j
Industrials, 365 stocks
do....
Production:
Bituminous coal 4/
thous. of sfeert t o n s . .
Slectric power, by u t i l i t i e s
mil. of kw-hr..i
Motor vehicles (wards)..
.- ...number..!
Petroleum 4/
. . . . . t h o u s * of b b l . .
Steel 5/
freight carloadlmge, total
..
Miscellaneous
,.„.**.••*.••......

\j Data do not always cover calendar weeks.
ages. J5/ Week ending August 20, 172.4.




1935-39*100..:
thous. of cars..
...,.do....|

2/ Revised s e r i e s .

3BZ !
£\9h5 1
C1.SQ7 ,
730 !

169*6
191.1
190.5
153 »o
318.8
••515
2*16
25s
1.363
3k2.
395
27,382
22,064
17,634
1,003

W.108
7,120
46,706
46\777 I
63,034
65,16s !
34,660
35.023 j
14,813
14,627 !
103
116 j
3.09
3-07 j
125-3
120.8
131.6
135.3 j
2,094
5.31?
2,029 !
107.174
107,219 I
5.507
5.505J
191.6
190.2 I
891
879 !
3«5
377!
See note in December
2Cf?&} !

July 23

July 30

Aug. 6

Aug. 13

154.2
154.3
152.8
152.6
152-7
16s. 5
l6S.4
164.3
164.3
163 .s
164.2
164.2
l6l. 2
160.6
161.4
145-2
145.1
145.1
144.9
145.0
235-3
238.1
240.4
233-3
243.0
.319
• 316
• 314
.313
«323
2.02
2.05
2.05
2.06
2.05
209
228
207
213
2,843
2,915
2,145
2,185
595
627
27,484
27,423
27,437
27,378
27.372
13,279
19,096
19.213
18,924
19.075
17,415
17*506
17,619
17.3*7
17,486
951
930
942
905
939
20,445
19,262
20,853
a . 353
8,613
7,774
8,493
5.S35
*'?•»
46,683
46,282
46,4j2
46,035
63,
£64
63,458
63,796
62,855
35,773
35.590
35,507
35,254
12,831
12,891
12,875
12,972
168
171
182
167
2.96
2.95
2.97
2.98
119.6
122.9
118.8
120.3
117.2
129.2
125.9
125.1
126.6
123-2
1,166
1,258
1,10?
1,227
5.462
5,466
5.518
5,3*2
153.090
142,346
136,507
139,«63
149,380
4670
4,685
4,677
4,671
"
"iio'Io
161.7
167.9
I68.3
160.7
7X9
717
724
724
321
329
329
322
3, 19*8 issue. Jj Thursday p r i c e s . 4/ Daily are*~

2

MONTHLY

BUSINESS

Earlier data are available in monthly i s s u e s of the Surrey
and the 134? Supplement

STATISTICS

1948
June

1949
July

April

Mar

June

3MS1AL B8SXIBSS X^XGATOIS
Manufactures' sal@«8e inrentorles, and orders!
Sales!
Talu®, t o W U . . . . . . . •
..•••
• • * ! • ©* ***•
Durable goods iE&Ufe*rles
...do...
nondurable goods industries. . . . . . .
d©». •
Index,
total.
arg. a e . 1939-100.
Durable good® Industries*
do...
Iron, Steele and products.........
.
.do...
Hoaf errous metals and pr©d»oti.
*. •. .do...
Electrical machinery and equipment
.do...
Machinery, except electrical. .
do...
Automobiles and equipaent
do..,
Transportation equipnent, except autoe
do...
furniture and finished lusher products
do...
Stone, clay, and glass products
do...
Other durable goods industries.
do...
nondurable goods industries
do...
food and kindred products.
do...
®@v©rages
do...
T a x t l l a - a i l l p r o d u c t s 8 e x c l u d i n g apparel
do*..
L#ather and p r o d u c t s
do...
Paper and a l l i e d p r o d u c t s
•..
do...
P r i n t i n g and p u b l i s h i n g
.. •.
do...
Oh^aieals asd " H i e d p r o d u c t s .
.do...
Petroleum and c o a l p r o d u c t s .
do...
febbsf p r o d u c t s
• 00.
...do...
Tobacco n&nufacturee
do.,.
Other nondurable g o o d s .
• . . . .4©...
X s r a B t o r l a s , '".-wk valu®, ®nd o f isoathi
Value, t o t a l
a i l . of d o l .
Durable g o o d s , • . . . . . • •
do...
leadurable goods. . . . . . . . . . * • • .
do..»
Index, t o t a l . . . . .
arg. a o . 1939.100.
Durable goods industries*
do...
Iron, steel, and products.
do...
l o a f errous n e t a l e and p r o d u c t s .
do...
H e c t r i e a l machinery and equipment
do...
Machinery, except e l e c t r i c a l
do...
Automobiles and equipment..
do...
T r a n s p o r t a t i o n equipment, except a u t o m o b i l e s . . . . d o . . .
F u r n i t u r e and f i n i shod lumber p r o d u c t s
do...
Stone, c l a y , and g l a s s p r o d u c t s . . . . . . . .
do...
Other durable good©.
........
do...
Nondurable goods i n d u s t r i e s . . . . . . . . .
do...
f o o d and kiadr@d p r o d u c t s
..
do...
Beverages.
••
do...
T e x t i l e - m i l l p r o d u c t s , e x c l u d i n g apparel
do...
Leather and p r o d u c t s
.do...
Paper and a l l i e d p r o d u c t s
do...
P r i n t i n g and p u b l i s h i n g
do...
Chemicals and a l l i e d p r o d u c t s .
.....do...
Petroleum and c o a l p r o d u c t s .
do...
Subber p r o d u c t s .
do...
Tobacco aanufactures
*
do..•
Other nondurable goods
do...
Hew orders* Index, t o t a l
do...
Durable goods
K.........do...
I r o n , s t e e l , and p r o d u c t s
.....do...
Machinery, i n c l u d i n g e l e c t r i c a l
do...
Other durable g o o d s , e x c l u d i n g t r a n s , equip
do...
Bondurable goods
do...

17,871
7.184
10S6S7

422
1*52

i

si

3i

326
311
340
245
269
320
3?9
342
24$
316
29,727

13.sua
15.878
277
286

as

263
397
299
U76
625
260
159
189
268
227

1
292

&
200
295
2275

5I
265
307
335
330

16,U03
6.^73
9.930
309
333
301
350
317
438

II
267

m
295
310
3||9
301
232
292
337
339
245
254
30.236
16,269
281
290
2*S
271
398
298
475
635
259
159
183
275

30V
261
264
305
432
284
207
289
229
405
246
291
311
305
259
219

16,763
7.222
9.5*1
315

16,479
7,090
9.389

VS\
364
322
324

I

m\
331
547
639
231

53?
629
227
270
224
283
276
317
252
280

s

279
344 I

mj
255
287

'm

s

2S4
268
294
207
227
33©
31,266
15,122
16,144
291
314
244
312
417
317
530

281
g66|
30,372
14,546
15,826
283
302
241 j
299 1
391 j
3°2

kns
690 I

8?

Bk'B \
ITS j
189 i
267!
185
3621
245
269
299
432
267
247

186
196
273
203
364
25S
26l

8?
5?

*"*246
391
209
217
185
283

303
259
373
U£2
188

COMMODITY PBICIS
fietail
p r i c e s , U. S. Department o f Commerce!
A l l commodities, i n d e x

1935~39«100.

193-5

195-1

189.2

r!8S.3

188.3

596,332

713.719

589,693

601,709

896,128

486
524
504
$39
^75
332

493
522
507
h50
477
337

494
510
447
482
340

492
518
508
446
480
340

489
510
501
445
477
343

342.4
464.8

355.5
477.1

348-9
472.I

349.3
473.8

349.4
477.5

13.637
4,941
8,696

13.^98
4,927
8,571

rl4,349
5.512
r8,837

13.831
r5,199
r8,632

13.380
5,041
8,339

COHSTMJCTIOH M D ESAL ESTATE
Contract awards ( E n g i n e e r i n g l e w s Record)}
Engineering c o n s t r u c t i o n , v a l u e 1 / . . . . ,
thous. of d o l .
Construction c o s t i n d e x e s !
American A p p r a i s a l C o . , a v e r a g e , 30 c i t i e s
1913*100.
Atlanta
.'.
do...
Mew Tork
do...
San f r a n c i s c o .
do...
St. L o u i s . .
9
do...
A s s o c i a t e d General Con t r a c t o r e ( a l l t y p e s )
do...,
Engineering Bows-Becord!
Building c o s t .
do....
Construction c o s t ( a l l t y p e s )
do...,

5a

DOMESTIC TBAD1
All retail stores, estimated inventories, total..ail. of dol.
Durable goods stores
.
.
do...
londurable goods stores
do...
r/

fierised.

1/ Data for July 1948 and June 1949 are for 5 weeks; other months, 4 weeks.




MONTHLY

BUSINESS

l a r l i e r data are atailable in monthly :!@8S@«s ©f '$m Survey
•ad the 19^7 Supplement

3

ST A T 1ST IC S —Continued
1^48

June

19*9
July

April

May

June

DOMESTIC fBAES - Continued
Department store • a l e s , United States total as
Unadjusted index
Adjusted index
aCPLOTHEHT COITOXII0SS AHD VA0BS

TO^3»-W»..
do...,

Labor turn-over la manufacturing establishments*
Accession rata
.monthly rata per 100 employee*..
Separation rate, total
.
do....
Si aeharg e •
.
do....
layoffs
do...,
quits
....do....
Military and miscellaneous
do....
flHAHCS
Sank debits, total (l4l centers)
ail* of dol.
lev York City
do...
Outside lew York C i t y . . .
do...
federal Beserve banks, condition, end of months
Assets, total
do...
Beserre bank credit outstanding, total
do...
United States s e c u r i t i e s . .
,- •
.^Ao...
Gold certificate reserves
do...
L i a b i l i t i e s , total
..
.
do...
Deposits, total..«
do...
Member bank rasarre balances
•
.do...
Ixcess reserves (estimated)
do...
Jadaral Reserv® notes in circulation
do...
Beserr® ratio
•
percent.
Sold, monetary stock, United States
ail* of dol.
Currency i n circulation
do...
Bond®!
Prices*
Industrial,utility,and railroad (3tan.and Poor's Corp.).
High grade (12 bonds)
dol. per $100 bond.
Medium grade, composite ( l 4 bonds)
do...
Industrial (5 bonds)
do...
Public u t i l i t y (4 bonds)
do...
Railroad (5 bonds)
.
do...
Domestic municipals (15 bonds)
.do...
U. S. treasury bonds (taxable)
do...
Yields*
Domestic corporate, Moody1 s. .
percent.
By ratings, Aaa
do...
Aft
do...
A
do...
Baa
do...
By groups: Industrial.'
.
do...
Public utility
do...
Bailroad
do...
Domestic Municipal (15 bonds),Stand.and Poor*s Corp.do...
U. S. freasury bonds (taxable)
do...
Stocks*
Dividend rate per shares
Common stocks (200 stocks), Moody's
dollars.
Industrial (125 stocks)
do...
Public u t i l i t y (25 stocks)
do...
Bailroad (25 stocks)
do...
Bank (15 stocks)....
do...
Insurance (10 stocks)
do...
Dividend yields:
Conaon stocks (200 stocks), Moody's
percent.
Industrial (125 stocks)
do...
Public u t i l i t y (25 stocks)
do...
Bailroad (23 s t o c k s ) . . . .
do...
Bank (15 stocks)
do...
Insurance (10 stocks).
do...
Preferred, high-grade (11 stocks)
do...
Prices*
Sow-Jones A Co. ^(65 stocks)
dol. per share.
Industrial (30 stocks)
do...
Public u t i l i t y (15 stocks).
.*
do...
Bailroad (20 stocks)
.'."
do...
Standard and Poor's Corporation:
Combined index (4l6 stocks)
1935~ 39-100.
Industrial (363 stocks)
do...
Public u t i l i t y (31 stocks)
do...
Bailroad (20 stocks)....
do...
IBAMSPOBSAVIOH
freight carloadlngs*
Cars, total (A.A.B.) 1/
thousands..
Coal
do
Coke
do....
forest produete.
.
do....

295
294

287
292

4.7
4.4
.4
1.0
2.9
.1

8.9
4.8
.2
2.8
1.7
.1

*3«5
r5-2
.2

13

4.2
4.1
.2
2.3
1.5
.1

91,804
35.832
55.972

69,206
35.832
53.37^

89.077
36.97*
52,103

98,278
42.890
55.388

47,067
21,900
21,366
22,258
U7.06J
20,17b
17.»
678
23.752
50.7
23.532
27.903

H7.072
22,035
21.325
22,407
^7.072
20,518
17.696
877
23.771
50.6
23.679
27,866

^7.396
21.737
21,094
23.09?
^7.396
a , 304
19.076
638
23.327
51.8
24,132
27.&17

45,483
20,092
19.704
23,116
45,483
19.582
18,024
794
23.3*6
53;8
24,342
27.507

45,502

24,466
*27,493

100.2
94.4
98.2
95.6
89.8
127-8
101.23

99-3
95-6
8J.1
126.5
100.82

101.0
91*7
98.0
95-6
81.6
129.0
IOI.65

101.0
91*9
98.9
95-7
81.2
129*0
101.62

100.9
91.7
98.7
96.3
80.0
127.5
101.72

3.00
2.70
2-79
3.05
3.45
2.78
2.96
3.27
2.20
2.38

3.00
2.71
2.78
3-04
3-*5
2.78
2.95
3.26
2.20
2.38

3.00
2.71
2.78
3-04
3-*7
2.78
2.93
3.29
2.28
2.38

3.08
3.17

25

5.7

h
1.1
2.9
.1

&:SS
5M67

3.00
2.76
2.85

It
2.80
2*96
*'%
2.26

3.04
2.81
2.89
3.O7
3*37
2.84
3.02
3*26

2.4l

2*.44

2.67
2.69
3-21
1*99
2*33
1.86

2.69

3.09
3*18

3.26
1.99
2*33
1.86

3

5.55
5.62
5.80
5.6O
4.72
3.53
4.10

6.81
7*02
6.11
8.63
4.71
3-3*
4.07

70.61
191.05
35.73
61.37

69.97
187.05

155.I
142.7
100.6
125.6

131.9
138.9
99.5
124.7

63*^7
175^65
35*73
48.27
118.5
124.2
96.1
97*1

501
5.30
3.68

It
&

m

'?f
2.46
2*35
1.99

23
2.35
1-99
7-04

n
1.38
4.04

f7

284

23*2*5
45,502
19,246
17,867
r948

23

2.33
2.03
7.00
7.22
6.33
9.28
4.76
3*52
3*98

62.79
174.03
35.73
45.90

59.25

U7.7
123.5
95*3
95.8

112.0
117*0
93*0
88.4

r4,l«L
3,804
3.523
3.099
r787
772
796
73
%
59
246
182
159
189
rj Berised. j / Preliminary. 1/ Data for July 1948 and April and July 1949 are fey 5 w&aksi other months, 4 weeks.




8

243
311

*30?

89

2,959
155

4

MONTHLY

BUSINESS

E a r l i e r data a r e available in monthly issues of the Surv^f
and the 19^7 Sappleaeat

S T A Tl S T I C S — Continued
194S

19^9
July

Jum®

J^ril

Magr

<ftia®

fHAHSPOBI AIIOI - Ooatiaued
freight earloadiags - Ooatiaued
Oar* (A.a.1.) 1/ - Continued
Sraias aad grain p r o d u c t * . . . . . . . . . . . . . . . . . . . . . . t h o u s a n d s .
Livestock
.do...
Ore
••••
*©••«
Merchandise, l . c - 1
.do...
Miscellaneous.
.
.do...
Goabiaed i n d e x , a d j u s t e d ( f e d e r a l E e s e r v e )
1935-39*100.
Goal.......
......do...
•Coke
.
....
d©...
forest products............
do...
Grains aad grain products
........do..«
Livestock.......
••••
•
do...
Ore..
.......do...
Merchandise, l . e . l . . . . . . .
.......do...
Miscellaneous
.dtf..,
J m i g h t - c a r s u r p l u s aad s h o r t a g e , d a i l y averages
Gar s u r p l u s
.auaber.
Box c a r s
.do...
Goal c u r ® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . .
Gar s h o r t a g e .
do...
Box c a r s
do...
Goal c a r s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . » d o . . .

300

k2
326
W9
1*503
139
153
187
150
144
86
191
66
i4o

322
44
r401
r4S8
rl,826
14*
183
165
158
86
185
64
141

2X4
47
112
%5
1,730
127
129
188
119
138
76
138

188
30

3T
303
374

354
1,309
J&15
98
150
122
156

1.550
124
130
173
123
150
73
215
59
126

TJO

l#g
5§
122

15*633
9,938
Ik
15.350
2,002
12,637

16,942
1,736
11,539
14,108
5,020
8,279

78,336
2S,$72
39,994
236

*?.195
34,365
4 ? 32l
375
1
164

60*07*1
35,263
14,783
395
184
36

103,697
93,3*3
34,569
58,8l4
10,314

88,800
80,234
31,013
49,221
8,566

86,236
77,852
28,473
49,379
8,384

r89,083
S79.913
?52,331
r9.170

88,454
79.536
28,744
50,792
8,919

562
996

510
19025
3,721
761

533
1,095
3,745
898

2,731
4l4
2,317
2,653
406
2,24?
7,743
2,490

2.778
426
2,352
2,729
36s
2,361
7,776
2,^48

CHMIGALS XSD ALLISD PB0DUC2S
P a i n t , v a r n i s h , l a c q u e r , e t c * , s a l e s , t o t a l . . . . t h o u ® , of d o l .
Classified, t o t a l . . .
do..
Industrial.
.do...
Trade
.'
.do.. <
Unclassified
.do..

r27,582

fOODSfUFfS
Livestock slaughter ( f e d e r a l l y inspected)1
Calves...................................thous.
Cattle......
Hogs.
.........'.
Sheep &n& l a a b .

of a n i a a l s .
..do..,
.do..,
do.,,

620
1,109
4.235
1,262

5

7J

1,046
3,044
1,195

3,894

2.613

3.004
607
2,397
5,800
1,885
3,915

3,309
706
2,601
3,054
601
2,453
6,116
1.995
4,ia

t h o u s . of long t o n s

11,727

11,8a

.thous. of short tons

7,076

do..
do..
do..

7,265
9U.0
5M7
525
565
992
l«9
1,302
152
139
372
334
429

5,230
477
544
565
167
1.^33
ia
129
354
337
327

. . . s h o r t tons
do..
do..
do..

68,-509
69,402
61,195
43,160

do..
.do».
do..
t h o u s . of short t o n s
do..

676

LIMBER AHB MaliTXFACTTHSS
Luaber ( l a t i o n a l Luaber Manufacturers a s s o c i a t i o n ) :
Production, t o t a l
a i l . of bd. f t
Hardwoods
do..
Softwoods
•
.do. .
Shipaents, t o t a l
*
do..
Hardwood s
do..
Softwoods
«....do,.
S t o c k s , g r o s s , end of aonth 9 t o t a l
do...
Hardwoods
do..
Softwoods
....do..

'•SB
2.510

3T

J
2,236
2,625
407
2, a s
7.671
2,482
5.189

1
1
i
!
i

5*228 J

METALS AND MAFOTACTURSS

Iron o r e (Lake Superior d i s t r i c t ) }
Shipments from upper l a k e p o r t s
S t e e l i n g o t s and s t e e l f o r c a s t i n g s :
Production
'

Percent of capaci ty
Steel products, net shipaents, t o t a l . . .
Bars, hot rolled carbon
Pipe and tubes
Plates
Sails
Sheets
Strip — Cold rolled
Hot rolled

do..
.....do..
do..
do..
....do..
do..
do..
do..

Structural shapes, heavy...
Sin plate and terneplate
Wire and wire products
Zinc, slab:
Production
Shipment s , t o t a l
Domestic
S t o c k s , end o f month

U r 65b
03,4

12,162
6,498
S2,2

3/677
§35
619
199
1,437
144
155
375
295
365

92.9
5*235
2/59?
6lS
590
193
1,330
112
142
37s
292
338

5,177
2/564
623
517
211
1.355
ia
150
327
387
347

69,SSS
67,377
61,349
45,671

75,921
53.143
35,948
50,982

77,537
52,689
35,564
75.S30

73,989
66,900
44,820
82,919

798,000
381,100
789,200

706,100
359,000
705,600

688,000
260,300
696,700

686,700
238,700
692,300

692,000
S43*300
696,SOO

4,590
53.118

4,365
48s6ll

3,722
46,417

4,403
47,470

35,274

i^SjQ?

PAPER AHD PEE NT I KG
Paperhoard:
Orders, new
Orders, u n f i l l e d ,
Production

end o f month

PS730LSUM, GOAL, AHD P30DUCTS
Anthracite, p r o d u c t i o n . . . . . . .
Bituminous c o a l , p r o d u c t i o a

TJ Hevistd.

1/ See aote 1, p . 3* 2/ See note on corresponding l t e a in the August Surrey*




*3,*op