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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 BUSINESS INDICATORS STEEL INGOT PRODUCTION CLECfRlC POWER PRODUCTION BY UTILITIES (1935-39-100) (BILLIONS OF KILOWATT HOttRS) marttcir DATA lfe_ A*- p-i94e J 194? "V ~^r' -v v r*v 194$ i 1 1 1 1 1 1U LuL,i..l.,I..LJL 1 I,J,X.I..LI » J L L I J U J J L L X l , l l . i , . i J MANUFACTURING EMPLOYMENT AND PAY ROLLS COTTON CONSUMPTION (UNADJUSTED, 1939 « 100) (DAILY AVERAGE-THOUSANDS OF BALES) 1 II 1 1 1 it 1 1 M 1 25 1945 1947 WEEKLY 1945 1948 1946 STATISTICS1 BUSINESS 19*8 19*7 Aug. 16 Commodity pricet, wholeealet All commodities 1926*100. f a n products.... ........ do.. food .do.. All other •••• ••••• • ........do... 28 commodities g/ August 1939*100 Oottoa, middling, 15/16", 10 markets 3 / . . dol. par l b . . Wheat, Ho. 2, Bard Winter (Kansas City) dol. per ha.. Department store sales . 1935-39-100. Insured unemployment, total ] £ / . . . . . . . . . . . . . , thous. State programs .do... Veterans* programs do... finance* Currency l a circulation Jjj • a i l * of dol. federal Beeorve bank credit, total ...do... Member bank reaerre balances.. .... do... Excess receives, estimated do... federal Beserve reporting member banks in leading cities* Bank debits, t o t a l . . . .mil. of dol. Bow Iork C i t y . . . ...do... Depoeite, demand, adjusted do... loane and investments, total do... U. 8. Government o b l i g a t l o n e . * * . • • » . • » « . . » . . . . . . * . . d o . « • Commercial, industrial and agricultural loane do... failuree, commercial .number. Bond yieide, doaeetlo corporate (Moody*e) V percent. Stock prices, 4l6 stocks (Stand.and foor'eTig/..1935-39*100. Industrials, 365 stocks £ / ....... do... Production* Bituminous ooal V . thous. of abort tons. Bieetrlc power, by u t i l i t i e s .mil, of kw-hr. Motor vehicle* (Wards) 1 / ..number. Petroleum 3 / thous. of bbl. 152.7 181 .h 172.3 135.5 305.5 •3*5 2.29 229 1,799 1,039 723 28,228 22,l*o> l6,h2S 779 16,868 6,298 *6.5* 63.513 3«.58S 12.SJS 78 £3 toe. 23 Jmly 2h •<? 2.J* 168.2 19*.6 190 A 150.6 323.8 •335 2.19 1,7*2 995 712 i,*a 1,001 39* 28,252 22,636 i6,*07 721 27,866 21,888 17.5?3 8h0 153.5 181.4 172.3 136.6 305.I 3S.527 12.301 59 iftS- 21.765 S,k32 *6.726 5/63.175 ,3M79 J5/l*,502 91 3.05 128.9 135.6 2,0*2 5,3*2 113,275 5,**S 188.0 883 372 toy 31 I68.3 192.2 16*7.7 152,1 32^. s .330 2.16 235 1.377 962 3»9 •**«. 7 169.0 190.k 190.3 152.9 318.8 .315 2.16 258 27.9*3 27,982 22,06* 17,83* 1.05* 27.987 22.125 17,603 772 19,108 7.120 ,*6.703 S,<*6 17,606 780 J* J* 3 9 0 5/i*»^9o 3.05 130.0 136.9 Aug. ZL 169.2 193-6 190.0 152.* 319.7 .323 2.12 261 27,852 21.723 17*53* 837 h6,839 Aug. Ik a.89J »,569 5/11:21 ,35.023 3.07 128.8 135.3 2,019 5.319 108,9*8 5.W 190.2 3l*-9 •312 2.18 nig «5/l*,8l9 »3 3.09 125.3 131.6 3.10 127.0 133.6 130,2 2,000 2,07s 2,077 *,953 5,352 5.318 U1.89P 79,296 108,907 107.17* 5,153 5,*55 5.507 # # Steel 8/.. 1935-39-100. 188.0 191.6 " i91.8 181.9 freight oarloadlngs, total... thous. of cars. 89U "& 891 901 Miscellaneous..... do.-.. 382 $ 385 397 396 1/ Data do not always cover calendar weeks gf _ fhnrsday prices. 3_/ Bally averages. */ for description see note in July 13, 19*6 issue. 5/ Data beginning week ended July_ .3 , 1948 are loane reported grossT I.e. before deduction of reserves, inetead of net as previously. 5 / lumber• of stocks l a Index currently; the change l a the number does mot affect the continuity of the series. 7/ United States production of motor vehicles (paseenger care, oommeroial cars, and truck*) • 8/ Book emdiag August 26, l$3»6« 130*0 1,955 *.9?3 79,081 5.159 2 MONTHLY BUSINESS larlier data are available in monthly issues of the Survey and the 1942 Supplement STATISTICS 19^8 1947 June July April June COMMODITI PHICBS Wholesale prieee of selected commodities* Batter, 9 2-score (Hew Tork) ....dol* per lb.. Coal, bituminous, sine run, composite...dol. per short ton*. Coffee. Santos, Ho. 4 (Hew Tork) .dol. per lb.. Cotton, middling, 15/l6*, average, 10 markets do.... Cotton cloth, print, 64 x 60 dol. per yd.. Eggs, U. 3. standards (Chicago) dol. per dot.. drains and grain products* Corn, weighted average, 5 markets dol. per ha. • Wheat, weighted average, 6 markets...*.... do.... Wheat flour,standard patents (Minneapolis)..dol. per bbl.. Hides, packers1 • heavy, native steers. .dol. per lb.. livestock and meats: Beef steers (Chicago).... dol. per 100 lb., Hogs, a l l grades (Chicago) do.... Beef, f r e s h , n a t i v e s t e e r s (Chicago) d o l . per l b . . Pork, f r e s h , l o i n s , 8 - 1 0 l b (Hew Tork) do.... Lumber* Douglas f i r , dim.,Ho. 1 , com., 2" x 4"x l 6 ' . . d o l . p e r M b d . f t . . Southern p i n e , b o a r d s , H o . 2 , c o m . , l " x 6" or 8"x 1 2 ' . . . d o . . . . Fonderosa p i n e , Ho. 3 , common, 1 N 1 8 " do.... Metals and manufactures: Pig iron, composite.. . . . . . . d o l . per long t o n . . S t e e l , composite, f i n i s h e d . . • • d o l . per l b . . S t e e l scrap (Chicago) dol. per long t o n . . Copper, e l e c t r o l y t i c (Hew Tork) d o l . per l b * . Laad, r e f i n e d , p i g , d e s i l v e r i z e d (Hew Tork) do.... Zinc, prime, Western ( S t . L o u i s ) ...do.... Petroleum, crude (Kansas-Oklahoma), a t w e l l s . . d o l . p e r b b l * . G a s o l i n e , tank wagon (Hew T o r k ) . . . . ^ . . . d o l . per g a l * . Sugar, r e f i n e d , g r a n u l a t e d (Hew Tork) d o l . per l b . • Wool, raw, t e r r i t o r y , f i n e , s c o u r e d . , do.... 0.633 6.382 .253 •371* .228 *4l4 1*948 2.563 12.61 .231 53 0.674 7.126 •256 •3752 •242 .434 0.828 1/7-72S •2oo •3722 .205 .429 0.801 1/7*862 .270 •3755 .198 •4io O.8O3 1/7.882 .270 .3703 •183 .416 1.995 2.400 13.27 .262 27-85 22.11 .434 •552 2.257 2.612 2.249 2.259 2.562 11.31 .274 .406 •529 62.865 62.6^6 54.360 62.865 63.462 55.230 33-81 .0329 30.875 .2135 •1500 .1050 1.810 .172 .081 1.225 35.08 .0329 36-950 .a23 .1500 .1050 1.810 .174 .081 1.225 253.091 163, & 28.43 **& & .272 31.33 20.15 .500 34.72 23.IO .542 •535 .536 .545 70.042 40.63 •P376 39-188 .2120 •17a .1200 2.510 .188 .076 1.296 74.250 ;25 F-T7.660 40.97 .0368 39.250 .2120 .1750 .1200 2.510 .188 .075 1.310 41.29 .0368 39.250 •2120 .1750 •1200 2.510 •188 .074 1.446 231.957 84,330 147,627 319.342 115,382 203.959 297.939 104,612 193.327 308,843 105.305 203.538 43.686 15.580 890 2.043 4.155 9.316 r44,299 rl5.950 r8l7 1.933 '3.974 r9.576 1.704 4,768 5.577 156.I rl85.1 rl6l.7 131.8 217.4 227.4 238.8 130.4 191.9 r44,626 rl5.904 933 r2,052 r4,042 r9.6lj 1.716 4,738 5.624 A55-5 A83.9 rl6l.4 133.3 211.6 228*5 235.8 129-7 rl90*5 276.O 315.3 282.U I67.6 173.7 r!83.6 rl76.0 139.7 131.1 154.7 rl33.1 113.0 125*4 88.3 109.9 3 X DOMESTIC TBADB Mail-order and s t o r e s a l e s , t o t a l , 2 c o m p a n i e s . . t h o u s . of d o l . Montgomery Hard & Co do... Sears, Boebuck and Co do... u 66.36O 75-240 "204 230 R 8MPL0TMSHT CONDITIONS AND WAGES Employees i n nonagr• e e t a b l l a h m e n t s , u n a d j . , t o t a l Manufacturing • Mining gj...thous. do... do... 43,816 15.672 919 1.957 4,129 9.324 I.650 4,711 5.454 154.7 183.9 l60*l 129*0 225.5 228*5 241.4 147.2 188.5 297.5 337.4 302.5 202.7 178.0 172.9 170.5 137.3 127.6 150.4 131.7 IO5.6 U9.9 8O.3 IO3.3 125.7 123-9 5.046 r45.< rrl6. l6.l6l r948 Construction. do... r2.l64 Transportation and public utilities .do. r4,106 Trade do. r9.671 finance do. *1.726 Servic e do... & 4.663 Government • do... 5.341 5.607 Production workers, all manufacturing, unadj. gj....1939alOO. 153.3 rl58.1 Durable goods Industries 2/ do. •. 178.7 rl84.4 Iron and steel and their products 2/ do... 158.2 rl62.4 Blast furnaces, steel works, and rolling mills....do... 129.5 134,6 Electrical machinery 2/ do... as. 9 r210.8 Machinery, except electrical 2/ do... 221.7 r230.4 Machinery and machine-shop products ..do... 236.4 237.5 Machine tools do. •. 138.2 128.4 Automobile s 2/ .do. •. 187.3 r!83.2 Transportation equipment, except automobiles 2/ do. •. 253.7 Aircraft and parts, excluding engines do... r273-7 326.0 Aircraft engines do... 301.1 321.5j Shipbuilding and boatbuilding do... 126.7 290.8 171.4 Honferrous metals and products jg/ do... 278.4 !57*0 Lumber and timber baeic products 2/ do... 176.8 rl73.8 Sawmills...* do... 176.9 rl90.0 furniture and finished lumber products 2/ do... rl79.4 182.7 135.7 furniture do... rl71.8 rl39.8 125.9 Stone, clay, and glass products 2j do... 143.4 130.3 146.5 nondurable goods industries 2/ .' ..do... 134.7 ri.56.0 133.4 Textile-mill products and other fiber mfrs. 2/ do... '137-5 153.7 103.8 rll3.2 Cotton manufactures, except small wares. do.•. 133.3 U7.7 126.1 Silk and rayon goods do... 113.7 79.0 89*0 Woolen and worsted manufactures do... 125*8 100.3 Apparel and other finished t e x t i l e products 2/ do... 88.2 110.3 125-7 Men's clothing do... 111.0 rl38.6 121.1 Women's clothing do... 139.8 136.9 I39.8 149^4 Leather and leather products 2/ do... 135.0 152*1 107.5 103.7 Boots and shoes... do... rl07.8 153.7 92.9 93-9 88.5 22\7 food and kindred products 2/ do... 107.1 rl47.4 139.5 rl27.7 153.4 Baking.... do... 92*2 115.4 118.0 113.7 112.0 Canning and preserving do. • • 122.6 «9}.7 103.3 I63.8 111.2 Slaughtering and meat packing do... 114*3 r86.0 130.6 135.0 139.9 84.3 r71.9 xj Bevised. p / Preliminary. 1 / See note on corresponding item i n August 1948 Survey. & **e indicated employment and pay-roll series have been adjusted to federal Security Agency data through 1946? indexes for individual manufacturing industries, with t h 7 exception of those in the "transportation, except automobiles" group have been adjusted to federal Security. Agency data through 1945. SB £2 ig* i J' MONTHLY BUSINESS Burlier data are available i n monthly issuee of the Surrey and the 1942 Supplement 3 ST A TIST ICS — Continued 19k7 June 1948 July Jpril June S*?L01MSI!t COHDITIOHS JK> «i0SS - Continued Production worker*, a l l manufacturing, unadjusted - Continued, londurable good* Industrie* - Continued. Tobacco mennfaeturee £ / . . . . . 1939*100, Paper and a l l i e d producte 1 / do.., Paper and pulp • . do... Printing, publishing, and a l l i e d indue trie* 1/ do.. • • levspapers end periodicals. do. • . Printing, hook and Job • do... Chemical* end a l l i e d product! ]J .do... Cheaicale .....do... Product* of petroleum end coal £ / do... Petroleum refining. do... Buhher product* l / . do... fiuhher tlree and inner tube* ...do... iMaanufacturing employment, unadjusted* Mining. 1/ anthracite do... Bituminoue coal ... • • do... Metalliferous.... .........do... Quarrying and nonmetallie.•.• do... Grade petroleum and natural gae i/...... do... Public utllitiee* **4*Electric light and power... :1..~ .do... Street railway* and buaeee ..do... Telegraph* .do... I el ephoae • • • • • do* • • 8errice*» Dyeing and cleaning ..do... Power laundrlee * .do... Tear-round hotel* do... Setail t r a d e . . . . . . . . • do... Wholesale trade , .do... Production-worker pay roll*, a l l manufacturing, unadjusted y 1939-100. Durable good* indu*trie* 1/ do... Iron and steel and their product* 1/ do... Blaet furnace*, eteel works, and rolling mill*....do.... KLeetrleal machinery 1/ ...do... Machinery,, except electrical 1/ do... Machinery and machine chop product* do... Machine tools do... Automobile* 1/ do... Transportation equipment, except automobile* 1/ do.. • aircraft and part*, excluding engines .do. •. aircraft engines do... Shipbuilding and boatbuilding do... Konferrou* metal* and product* }J ..do... lumber and timber basic products 1/ do... Sawmill* do... furniture and finished lumber product* %j ....do... furniture .do... Stone, clay, and glass products %j do... londurable goods Industrie* 1/ . do... Textile-mill products and other fiber mfrs* 1/ do... Cotton manufacture*, except small ware* do... Silk and rayon g o o d * . . . . . . . . . . do... Woolen and woreted manufacture* • do... apparel and other finished t e x t i l e products l / . . . . . . d o . . . Men's clothing. do... Women's clothing • do..., Leather and leather product* 1/ ....do... Boot* and shoes* do... food and kindred product* 1/ do... Baking do... Canning and preferring. • do..* Slaughtering and meat packing • .....do... Tobacco manufacture* 1/ do... Paper and allied products 1/ .....do..., Paper and pulp do... Printing, publishing, end allied products 1/ do... Bewspapere and periodicals • do... Printing, book and job ....do... Chemicals end allied product* 1/ do... Chemicale....... do... Product* of petroleum end coal 1/ do... Petroleum refining * do..., Bubber products \J .do... Bubber t i r e e and inner tubes do..., fay roll*, nonmanufacturing, unadjusted* Mining: 1/ anthracite do..., BituminouB coal do... Metalliferous do..., Quarrying and nonmetallic do..., r/ Berised. o/ Preliminary. 1/ See note 2, page 2- 9o.e 146*1 141*3 131-5 U9.J 194.6 284*3 153-5 150.1 170*9 217.0 89.8 143.3 140*9 131*2 U9.8 138*2 195-0 282*8 156*2 152.6 I65.I 212*3 92.4 146*8 145.3 131*8 A22.2 137.4 201.4 283*2 154.9 151*5 I63.8 192.9 ££ 146.0 132*2 ri.23.2 138.1 198*4 279.8 157.3 ri.52.9 160.8 190*4 rt0.6 rl46*7 145*4 rl32*3 123.6 138*2 rl98.4 rl60.4 rl6l*4 191.6 90.5 IO5.4 99.3 I29.O 112.3 91.9 r79.7 r99-0 rl22*5 rlll.2 91.4 rl08.S r98*4 rl24.2 r!12.5 92.6 109.11 100.2 126.81 U6.7] 107.5 130.4 102.3 190.4 H i .7 128*3 97.9 rl98.3 112.3 128*5 96.5 rl98*4 U4.0 128*3 96.OI 199.6 1730 127*2 119.4 111.4 110.5 159.0 U8.3 116.9 112.8 114.8 160.6 119*0 117.0 113.1 rll4*5 163*1 121.5 U7.6 U3.6 U5.3 327.2 375.5 319-2 249*1 440.5 443*0 470.6 264.8 363.6 571.1 r347.1 r393-^ r329.6 r346.9 r3 # 359.2 401.3 44SS.3 463*8 493.6 240*2 386.2 601.4 695.2 481.0 373.6 la*5 481*5 394.3 352.0 409*8 412.2 308*0 284.7 3U.5 280.0 248.6 433< r4l5*4 333.0 314.6 337.9 r301*9 307.1 3OJ.5 206.0 252*5 262*3 267.4 308.6 306.5 317.1 307.1 227*1 198*1 V267.4 227.6 216.9 rl79.9 205.7 325.7 327.7 SK 225.9 201*7 286*7 213.1 249*3 259*9 194*8 303.4 302.1 240.3 210*0 258.1 384.1 528.2 291.4 273-4 342*3 396.1 219.4 3OO.6 196.7 307.1 200*3 229.7 186.1 307.0 2k ? 265)4 431.6 466*4 491.0 240.7 r362.6 566.4 634*2 4?3-5 3*5.7 £2 r447*2 325.6 3p7.2 343.4 r303*9 369** 268.6 307.9 297.9 3U.5 299.3 216.5 1*3*7 r28l«3 235*1 r234.2 rai.3 201.3 331.9 mx 278.6 422*1 564.8 316.7 r303-4 312.8 323.6 r236.2 283.9 422.5 563.2 r335-7 r318.3 320.9 3*5-5 A67.4 raoi.7 r295-4 246*2 r343*4 r204.9 '312.5 268.4 438*2 480.7 500*7 242.91 380*9 561.21 649-21 517.5 320.1 368.1 497.9 487.5 326.0 I 304.21 3*7.9 318*0 304.6 365.9 271.5 JU.| 303.1 312.9 310.7 254.5 204.0 1 282.4 315.4 205.8 1 265.1 I 237.8 286*3 432.6 5?5.9 342.1 322*7 364.21 248.1 I 346*7 206*9 321.7 4 teller MONTHLY BUSINESS data are available i n monthly issues of the starrer and the 1942 Supplement S T A T l S T I C S — Continued 19*8 19*7 April July June Jaae mpioimxs coraxnois ASS WAOIS - Continued fay r o l l s , aoaaenufeetnring, unadjusted - Continued. Crude petroleum and natural «as 1/ 1939*100. Public u t i l i t i e s * Bleotrie light and power do... Street railway* and b u m s do... Telegraph. do... Telephone • do... Services* I>yelng.and cleaning . ..do... Power l a u n d r i e s . . . . . . ...do... Year-round hotel* ...do... Retail trade ..do... Vholesale trade • .«•• do... 206.0 204.9 r^3«4 r223«4 227.1 177.5 222.1 218.8 292.5 178.4 222.1 215.2 302.2 «191.9 228.1 23J.1 r326.1 196.3 231.2 228.5 328.2 328.4 312.4 201.6 198.0 310.5 238.5 222.0 198.5 196.5 186.6 227*1 224.8 *317.7 308.0 231.5 233.4 211.1 rai.o 325.2 238.3 236.5 218.3 5,^0 1,396 1.493 5,481 5,473 35 3.993 3.270 121 3.^9 245 979 2,470 2.397 2,^ 1,382 80 3,i< J/7.261 1,508 930 5,119 5.102 102.25 102.70 7**02 102.33 102.77 74.16 100.19 100.74 65.99 137,058 13M3? 2,126 l4o,l46 138,57* 1.574 137,563 135.175 l40f,763 138,923 1.585 134.297 13L931 . 2,116 134,546 132.90} 1.39* 2,604 124 933 3.083 2.707 31 2*859 1.785 401 100.80 IOI.35 66.45 134,300 131.931 2.119 135.370 133.714 1,408 66 t5 4S 1,829 69.365 1.847 70,262 1.93* 74.704 1.962 74.507 1.977 1,049 2.243 3.273 2,472 34,131 31.3*3 887 2.131 836 2,175 3,408 2,700 39.412 36.306 r818 *2,U9 »3.017 2.829 *33.974 r30,858 9.273 1.257 16,871 5,3«5 3.520 2.592 337 177 r7,828 »4.532 r3.002 r2,688 r262 166 935 2.17p 3.314 2,880 38,gO 34,747 8,916 1.564 15.943 S.927 3.397 3.396 282 175 &i 213.8 r211.8 ai.s fXKAICS federal Government finances fependltures, total -mil. of dol. s Interest on debt do..., national defense and related a c t i v i t i e s . do.... Beeelpte, Treasury, total •• do.... Beesipts, net • do.... Customs • do.... Internal revenue, total....... .do.... Xaeone taxes do.... Social security taxes do.... Sonde* Average price of all lie ted bonde (H.Y.S.a.) j/....dollars.. Boaestie . do.... foreign... .....do.... Telue, issues l i s t e d on lew York Stock tahaags* face valus, a l l Issues 3J a i l . of dol.« Itonestle do.... foreign...........................................do...< Market value, a l l issues $ ..do.... Bomestie... do.... foreign do.... Stocks* Share* l i s t e d on Vev Xbrk Stock ajanhangos Market value do.... lumber of shares l i s t e d • 3 909 2,8a 2,806 & 2.603 1.858 «3 3.53? 3.701 142 101.72 102.3b 66.93 131.481 129,116 133.746 132,085 1.415 XJBASU* An? PBDDUOfS leather production* Calf and kip tbons. of skins*. Cattle b i d e . . . . toons, of hides.. Qoat and kid ...thous. of skins.. Sheep and lamb.. do.... Shoes and slippers, production, total toons, of pairs.. Shoes, sandals, and play shoes, ess. athletic, t o t a l . . d o . . . . »y kinds: Men's..... do.... Youths* and b o y s ' . . . . .....do.... Voasn's...... ••... do.... Mleses* and children's • do..., Infants' and babies' do.... Slippers for housevear do.... Athletic do.... Other footwear.... • do.... 8,297 1,495 15,0§9 4,041 2,441 2,272 301 »5 MXtALS ASD MAHUf ACSUBXS Iron ore (£ake Superior district)* Consujsptloa by furnaces .toons, of long tons. Stocks, end of month, t o t a l . . . do... At f u r n a c e s . . . . . . . « * • . « . « • • . . . • . • . • • • • » • • . . « « • « • • • • . d o . . . On lake Xrie docks •• ...do... tUZXLB PaOWJCtS Cottons Consumption.* , •bales. Spindle activity! Active s p i n d l e s . . . . Active spindle hoars, t o t a l . . . . >......mil. of hoars. Operations...•.•*.«••••«.««•«.». percent of capacity. Seyoat GcAsnaptloat filament yam a l l . of l b Staple fiber do.. Stocks, producers', and of months filament yarn do.. Staple fiber do.. *8 33.«70 30.875 8,053 1.521 14.768 3.985 2.548 2.512 308 175 rlk'M § 6.500 21,746 19.594 2.152 28,440 25.677 2,764 4,976 17.125 15.172 1.953 6.656 22,058 19*885 2.173 26i 4.308 2,657 729.412 677.780 829.730 785.WW 801.142 a,324 9.103 118.8. 21.115 8.531 107.0 a,§94 10.667 136.I a , 723 30.080 134.0 a,479 10.380 130.9 54.7 16.5 62.3 18.4 67.$ 22.9 r68.6 r22.1 r70.4 22.4 6.6 9.2 7.7 8.7 3.8 :fg 35 Berlsed. y See note 2, page 2 . gj Includes $3 b i l l i o n transferred to the "foreign leonomio Cooperation Trust fund." $J Beginning loly 1947, data includes bonds of International Sank.
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