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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE OFFICE OF BUSINESS ECONOMICS Available oniy with subscription to the monthly mogozine SURVEY OF CURRENT BUSINESS SELECTED DECEMBER 26, 1952 BUSINESS INDICATORS 1935-39 • IOO 300 STEEL PRODUCTION (Ingots and Steel for Castings) BILLIONS OF KILOWATT-HOURS 9.0 ELECTRIC - POWER PRODUCTION By UTILITIES 250 8.0 200 150 IOO I I I j CV > t I i AUC. I I I 1 j SEPT. I I \ I ! I I I I j I OCT. MOV. DEC, 5.0 < I I I I I I I I I < I I i I I I I I ! 1 I ! I I I I ! I i I I I I i I i i I I I I ) I I 1 I 1 I 5 935 - 39 «IOO 260 1947-49 « IOO MANUFACTURING EMPLOYMENT CONSUMERS' PRICES 220 180 ^ TOTAL 140 (00 !949 1950 1951 1 t i 1952 i I t i 1 I I i I ! t 1949 {950 1951 1952 1 WEEKLY BUSINESS STATISTICS 1951 ITEM Dec, 15 Commodity prices, wholesale: A l i commodities 1947-49=100, . *l 13.5 Farm products , « do. . . . *l ! 1.3 Foods, processed. , .do. . . . *l 10.7 A 1 ! other . , „ 1 ........ do .... *l 14.6 " 109.7 22 commodities (revised series) 2/.... do.... Cotton, m i d d l i n g , !5/i6", (0 markets 3/ do!, per Ib.. .420 Wheat, No. 2, hard winter (Kansas City) 3/....dol. per bu«. 2.55 Department store sales 1947-49=100. . 2i3 j nsured unemp loyment, tota 1 ....... .thous. . 1,057 State programs , do. ... 1,021 F i nance : Currency in circulation 3/ . . m i l . of dol.. 29,069 Federal Reserve bank credit, total ,,, do.,.. 24,980 Member bank reserve ba lances, do. . . . 19,964 647 Excess reserves, estimated. , .do, .. * Federal Reserve reporting member banks in leading cities: Bank deb i ts . tota 1 m i l . of do 1 . . 27,096 New York City ,do. 1 1,238 Oeoosits, demand, adjusted ,„.,,,., no.... 54,243 73,77} Loans and i nvestments, tota 1 , do. . . . 3?, i 15 U. S. Government obliqations .....do .. 21-219 Commercial, industrial, and sgr. loans (gross) .. .do. ... 143 Failures, industrial and commercial* < number.. Bond yields, domestic corporate (Moodyfs) .37,. , percent.. 3.25 ! 182.8 Stock prices, 480 stocks (Standard and Poor s) .. 1935-39*100. . Industrials, 420 stocks ..«..,., ,..do..,. 199.2 Product ion: B i turn i nous coa i V . . thous . of short tons . . 1,919 7 667 !i 1,4 !0 Petroleum, crude 3/ , .thous. of bb f . . 6, 136 ?33» 1 S+eel , .. , 1935-39=100. . Freight car load ings, tota i , thous. of cars,, 753 M 5 see i ! aneous .,...., ........ , do. . . . 375 J./ Data do not always cover calendar weeks. index for November 1952. 2/ Tuesday prices. 1952 Dec. 22 Nov. 22 Nov. 29 **i !0e7 **i03.8 4BHQ7.7 Dec. 6 1 10. 0 102.4 104.3 1 12.8 91 .3 .339 2.46 195 840 824 Dec. 13 109.6 99.7 104. i 112. 8 90.6 .331 2.48 2° 3 109.3 .417 2.54 228 1 , 098 !,056 **l 12.8 9! .5 .342 2.48 134 7!3 668 9! .3 .344 2.42 138 795 747 29, 3 i i 25,745 20,798 i,03l 29,880 26, 193 20,738 752 30, 141 26,301 20,917 603 30,302 26,751 20,939 660 30,395 26,860 20,868 6A2 33,789 14,701 54, 82? 74 , 842 3? , 577 21,442 1 17 3,25 i83.9 200.8 33,625 12,786 53,2!9 77, 1 10 31,859 22,862 167 3.20 191 .7 207.6 29,513 1 1 , 925 53,960 78,458 33.039 22,876 127 3. 19 193.7 209.8 28,426 1 1 , 933 54,392 78,266 32,947 22,949 120 3. 18' 195.0 ?\ 1.2 27,490 1 1,718 53, 127 78,353 3?, 819 23, 136 157 3. 19 196. 1 ?!7.6 1,789 7 824 102,837 6, i 15 234.9 672 332 !,738 7 971 125,531 6,582 247.8 811 389 1,800 7 701 1 13,250 6,587 246,9 670 336 1,673 8 165 i?3,3!2 6,394 744 3 719 365 3/ D a i l y averages. * Dec. 20 109 99 103 1 \2 89 3 2 2 8 7 27 , 0T>9 21, 198 719 14,693 3 !9 195 5 2'3 0 «,658 £•} \ Af\ | i r -zop 129 303 r 4 7 "7 *"*A7 ^ 245 0- 721 ^7-1 Monthly index for December 195S. Monthly MONTHLY BUSINESS STATISTICS 1951 Earlier data are available in monthly issues of the Survey and the 1951 Statistical Supplement October 1952 November August September October November BUSINESS POPULATION Industrial and commercial failures: Fa 1 1 urest tota I . , , » . . » *,,..,.*.. Commercial service Construction Manufacturing and m i n i n g Retail trade... Wholesale trade L i a b i l i t i e s , total . Commerc i a I seryi ce Construction Manufacturing and m i n i n g Retail trade Wholesale trade COMMODITY PRICES Consumers' price index, a l l items Appare I Food Cereals and bakery products Dairy products •. Fruits and vegetables Meats, poultry, and fish Fuels, electricity, and refrigeration Gas and electricity Other fue Is Housefurnishings. Rent Miscel laneous. » , number.. do*... 643 57 do.... do.... do do.... thous. of do!.. do.... do.... do..., do.... do.... I935-39»IOO.. do do do.... do.... do.... do ..do..... do.... do.... do.... do do.... CONSTRUCTION AND REAL ESTATE Contract awards, 37 States (F. W. Dodge Corp.): Total projects number.. Total valuation thous. of do I.. Bui Id ing, total do £/ Preliminary. 16,322 1,809 1,816 5,056 5,255 2,386 530 36 50 107 288 58 20,138 947 2,729 6,780 5,317 4,365 187.4 208.9 229.2 189.4 207.9 210.8 276.6 144.6 97,4 205.8 210.4 138.2 166.6 188.6 207.6 231.4 190.2 210.4 223.5 273.5 144.8 97.4 206.3 210.8 138.9 168.4 191. I 201.1 235.5 194.2 213.8 242.3 277.3 147.3 99.0 209.0 204.2 142.3 173.2 36,323 931,768 771,590 52,909 1,438,725 1,147,536 46,902 15,965 917 2,761 4,166 9,893 1,898 4,770 6,532 46,852 15,890 917 2,633 4, 165 1C,109 1,907 4,734 6,497 12,997 7,296 47 740 289 479 1,160 12,904 7,314 50 7!9 294 472 I, 149 809 1,242 707 1,205 228 390 5,701 1,254 89 1,133 1,019 413 517 544 197 215 320 805 1,255 718 1,234 230 388 5,590 I, 160 85 I, 132 1,008 41 I 519 542 197 219 317 105.1 103.4 42,735 1,051,419 914,450 EMPLOYMENT AND WAGES Employees in nonagricuItural establishments: Total, unadjusted thousands.. Manufacturing do.... Mining do Contract construction do.... Transportation and p u b l i c utilities do.... Trade do F i nance do.... Service do.... Government. do.... Production workers in manufacturing industries: Tota I do Durab le-gobds i ndustr tes do... . Ordnance and accessories do.... Lumber and wood products (except furniture) do.... Furniture and fixtures do.... Stone, clay, and glass products do.... Primary metal industries do,../ Fabricated metal products (except ordnance, machinery, and transportation equipment) thousands.. Machinery (except electrical) do.... E I ectr i ca I mach i nery do.... Transportation equipment do.... Instruments and related products do.... Miscellaneous manufacturing industries do.... Nondurable-goods industries do.... Food and kindred products do.... Tobacco manufactures do.... Textile-mill products do.... Apparel and other finished textile products do.... Paper and a l l i e d products do.... Printing, p u b l i s h i n g , and a l l i e d industries do.... Chemicals and a l l i e d products do.... Products of petroleum and coal do.... Rubber products do Leather and leather products do.... Manufacturing production-worker employment index: Unadjusted (U. S. Department of Labor) 1947-49=100.. Adjusted (Federal Reserve) do Manufacturing production-worker payroll index, unadjusted (U. S. Department of Labor) 1947-49=100.. Hours and earnings: Average weekly hours per worker, a l l manufacturing..hours.. Durable-goods industries do.... Nondurable-goods industries do.... Average weekly earnings, all manufacturing dollars.. Durab le-goods industries do.... Nondurab le-goods industries do.... £/ Revised. 85 150 304 47 29,742 2,044 1,937 12,219 6,707 6,835 587 48 68 106 307 58 17,567 952 3,740 6, 158 4,369 2,348 J/ Index on old basis for November 13,079 6,078 8,550 590 61 62 121 28'0 66 18,757 3,027 1,588 5,853 5)865 2,424 190.8 202.3 233.2 194. I 216.7 227.6 277.0 147.6 99.0 210. I 205.0 142.4 173.8 190.9 202.1 232.4 194.3 218.1 227.3 271.5 148.4 99.0 212.8 204.6 143.0 174.4 1/191. I 201.3 232.3 194.3 218.2 236.7 265.5 149.0 99.4 213.7 204.9 143.9 174.7 47,006 r2,029,203 r 1,780,838 50,542 1,300,958 1,062,833 4 1,569 1,248,803 989,905 r47,124 r47,727 r16,028 r897 r 16,389 r47,826 r 16,493 r885 r870 r2,78l r4,208 r9,784 1,993 r2,76l r4,224 r9,960 rl,97l r10,094 rl,969 r4,844 r4,825 4,766 p4,724 6,589 6,712 r6,695 p6,663 r 12,886 r7, 146 59 rI3,246 r13,337 r7,553 r727 r72l pi3,357 p7,637 p63 p696 p3!4 594 51 58 109 316 60 r7,4!7 61 r295 r303 r458 rI, I 10 r462 rl,!55 r783 r820 rl,!85 rI, 181 708 rl,!92 r238 r395 5,740 1,279 87 743 r1,31 I r242 r4!4 5,829 rl,3!2 r9l rl,!38 2,175 5, 167 r2,699 r4,240 r6l r70l r309 r465 rI, 164 r842 r1,206 r764 rl,367 r246 r428 r5,784 rl,233 91 p47,862 p16,529 p875 p2,586 p4,230 plO,284 pi,970 p468 pl,'75 p856 pi,226 p788 pl,372 p25l p428 p5,720 pi,162 p87 r355 r!07.I r 10.5.3 r107.8 r106. I p108.0 p!06.9 133.3 M4I.7 M43.8 p!43.9 40.6 r4I.O r40.0 41.3 42.0 40.3 r4l.4 r42.2 p4l.8 r67.76 r72.49 r6l.68 r70.04 76.06 r62.26 r509 513 r1,064 410 r357 104.3 103.3 r104.2 r103.4 129.8 129.8 40.5 41.7 38.9 65.41 71.10 58.00 40.5 41.5 39.2 65.85 71.05 59.07 191.6. 35,049 p i , 156 pi,058 p4!9 p524 p535 p202 p223 p354 rl,!20 rl,050 r408 514 526 r203 r2!6 355 1952 is 631 52 88 146 291 54 r205 212 rl, 147 rl,062 r4!6 522 r535 r203 r220 40.3 r70.59 r76.76 r62.42 p41.2 p40.3 p70.66 p76.24 p62.99 MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in monthly issues of the Survey and the 1951 Statistical Supplement 1951 October 1952 November August September October November EMPLOYMENT AND WAGES - Continued Hours and earnings - Continued Average hourly earnings, a l l manufacturing Durable-goods industries. ........ dollars. .do., < Ordnance and accessor 1 es do... Lumber and wood products (except furniture) do... Furniture and fixtures do... Stone, clay, and glass products do... Primary metal industries . do... Fabricated metal products (except ordnance, machinery, and transportation equipment) ....dollars; Machinery (except electrical)... do... E lectr ical machinery .do... Transportation equipment do..'. Instruments and related products do... Miscellaneous manufacturing industries do... Nondurab le-goods industries do... Food and k i ndred products do.., Tobacco manufactures do... Texti le-mi 1 1 products. .do... Apparel and other finished textile products do... Paper and a l l i e d products ....do... Printing, publishing, and a l l i e d industries do... Chemicals and allied products do... Products of petroleum and coal...,. do... Rubber products do... Leather and leather products do... FINANCE Federal Government finance:" Receipts, Treasury, total m i l . of dol. Receipts, net .do... Customs do... Income and employment taxes do... Miscellaneous internal revenue do... Expenditures, total .do... I nterest on debt ,.. do... National defense and related activities do... Bonds: Pr ices: Domestic municipal ( 15 bonds), Standard and Poor's Corporation do I. per $100 bond. U. S. Treasury bonds, taxable..... do... Yields: ! Domestic corporate (Moody s) percent. By ratings: Aaa do... Aa do... A do... Baa do... By groups: I ndustr i a I do... Pub l i e uti I ity „. do... RaS I road do... Domestic municipal (15 bonds), Standard and Poor's Corporation . percent. U. 3. Treasury bonds (taxable) do... Stocks: Cash dividend payments p u b l i c l y reported..... .mi I. of dol. Finance.. do... Manuf actur i ng.. „. „ ... do... Mining. do... Commun i cat i ons do... Heat, light, and power do... Rai Iroad . do... Trade -. do... M? see I Ianeous do... Dividend rate per share: Common stocks (200 stocks), Moody's dollars. Industrial (125 stocks) do... Public u t i l i t y (24 stocks) do... Railroad (25 stocks) do... Banks (15 stocks) do... I nsurance ( 10 stocks) do... Dividend yields; Common stocks (200 stocks), Moody's. percent. Industrial (125 stocks) do... Public utility (24 stocks) do... Railroad (25 stocks) do... Banks ( 15 stocks) do... ! nsurance ( iO stocks) do... Pref. high-grade ( I I stocks) Stand.and Poor's Corp..do... Prices: Dow-Jones &Co., Inc. (65 stocks)... dol. per share. Industrial (30 stocks). do... Public u t i l i t y (15 stocks) do... Railroad (20 stocks) do... £/ Revised. JD/ Preliminary. ,615 ,705 ,716 ,509 ,420 ,581 ,816 ,626 ,712 .724 .499 ,431 .590 ,826 rl.669 rl.768 rl.807 rl.580 r1.461 r1.631 rl.925 r1.696 1.81 I rl.870 rI.592 r1.484 r1.655 rI.997 rl.705 rl.819 rl.860 rl.576 rl.493 rI.672 rI.990 pi.715 pI.824 pi.868 pi.554 pi.497 pi.672 p2.000 ;688 ,794 ;645 ,886 .661 ,433 ,491 ,474 , 141 ,325 ,263 ,537 ,976 .631 .998 704 .280 ,689 ,797 .653 ,893 ,670 .446 .507 .508 . 177 .335 .271 .548 .992 .644 .997 .715 .288 rl.732 rl.849 rl.708 rl.945 r1.736 rl.491 rl.542 rl.538 rl.200 r!.347 r 1.290 rl.613 r2.078 r 1.728 r2.140 r1.814 rl.317 rI.772 r1.87 I rl.722 r2.0!8 rl.76! r 1.509 rI.545 r1.520 r 1. 186 rl.357 rI.297 r!.632 r2.097 r 1.718 r2.16! r1.826 r!.327 rl.789 rl.885 rl.730 r2.037 rl.770 rl.516 rl.549 rl.544 rl.186 r1.361 r!.285 rl.630 r2.099 r1.714 r2.148 rl.822 r1.338 pi.795 pi.891 pi.738 p2.044 pi.778 pi.533 pi.563 pi.576 pi.218 pI.362 pi.277 pI.642 p2.095 pi.734 p2.160 pI.893 pI.346 2,708 2,635 52 1,653 885 5,483 497 3, 166 3,951 3,521 47 2,935 805 5, 178 173 3,015 4,585 4,050 47 3,546 862 5,018 183 2,971 6,875 6,585 52 5,834 877 6,070 559 4,008 3,355 3,099 65 2,227 923 6,383 572 3,723 131.3 98.22 131.6 97.52 128.6 97.09 126.6 96.86 125.0 96.44 125.4 96.96 3.13 2.89 2.93 3. 18 3.50 2.93 3.14 3.3! 3.20 2.96 3.02 3.26 3.56 2.97 3.21 3.42 3. 18 2.94 3.06 3.21 3.51 3.00 3.20 3.34 3. 19 2.95 3.07 3.22 3.52 3.02 3.20 3.36 3.22 3.01 3.08 3.24 3.54 3.05 3.22 3.39 3.20 2.98 3.06 3.24 3.53 3.05 3. 19 3.37 2.08 2.61 2.07 2.66 2.22 2.70 2.33 2.71 2.42 2.74 2.40 2.71 533.9 1.04.5 213.4 7.3 82.3 56.2 13.0 42.0 15.2 243.3 53.4 113.7 1.7 .7 49.4 10.9 8.2 5.3 230.8 50.3 106. I 3.3 .8 49. I 6.4 10.4 4.4 1,158.3 77.7 754.9 95.0 42.0 75.7 42.4 47. I 23.5 522.7 99.0 201.9 8. I 88.9 56.8 14.9 40.5 12.6 248.7 63.0 I 13.5 2. I .9 51.5 2.9 8.0 6.8 4.09 4.43 1.90 2.55 2.63 2.73 3.92 4. 19 1.90 2.58 2.63 2.73 3.96 4.22 1.92 2.71 2.64 2.87 3.95 4.20 1.92 2.8! 2.68 2.87 3.95 4. 18 1.92 2.85 2.68 2.88 3.93 4. 17 1.92 2.87 2.66 2.98 6.02 6. 15 5.77 6.41 4.77 3.44 4.19 5.78 5.86 5.71 6.45 4.64 3.47 4.23 5.46 5.51 5.31 5.56 5.62 5.30 6. 14 4.29 3. 15 4. 16 5.28 5.33 4. 12 5.56 5.63 5.28 6.03 4.23 3. 18 4. 12 97.82 269.73 46.04 84.25 94.44 259.61 46.22 79.73 107. 10 276.70 50.75 102.95 105.29 272.40 50.30 100.43 103.92 267.77 49.59 99.83 4,731 4, 1 5 1 44 3,624 888 5, 1 6 1 185 3,302 5. 14 5.77 4. 19 3. 10 4. 12 107.25 276.37 51.04 103.19 MONTHLY BUSINESS STATISTICS — Continued Earlier data are available in monthly issues of the Survey and the 1951 Statistical Supplement FINANCE - Continued Stocks - Continued Prices, Standard and Poor's Corporation: Combined index (480 stocks) Industrial (420 stocks) Capital goods (129 stocks) Consumers' goods (195 stocks) Public u t i l i t y (40 stocks) Railroad (20 stocks) ,..1935-39=100.. ...do do.... do.... ...do.... do.... 19.51 October 185.0 202.3 193.3 !7i .4 1 15.2 154,7 19 52 November August September October 191. 1 207.8 191.4 174.8 1 18.6 175 3 180.2 204.2 187.5 172.8 1 18.5 171. 1 I83.4 I9S.4 I82.6 1 69. 5 I I7.4 I66.9 28,000 59,349 232,968 489,932 522,076 230 95, i43 687, 974 198,647 12,536 38 1 , 870 39,229 309,943 238 ! 1 1,400 253,563 578,699 463,01 i 2, 169 144,326 701 .062 167,437 i i,3!8 407,558 124,296 144,508 6,2?; 111,319 262,467 556,896 530,091 1,709 123,661 587,234 184,158 12,553 290,931 109, 157 182,786 r 26, 892 r I02, I77 r 256, 885 r 532, 993 r 576, 522 r 1,000 r 95, 333 r 556, 828 r2!4,594 r 16,002 r 234, 894 r 78, 992 r279, 191 38 783 32,8?2 8,755 1 319 15 7 13 4 32! 2 7 14 5 395 205 36! 34 884 29,462 7,73Q 1 ,097 13,7 i ! 4,290 2,6?5 4,930 180 312 46,552 40,703 8,986 1,949 2!,9!0 5, !35 2,723 5,249 234 366 906,750 r73l, 137 744 , 383 736,240 21,758 20,519 9,050 464 8,486 125 2 i , 398 20,000 9,516 476 8,870 128 ?i,432 20,04i 9,768 50 i 9, !34 1 35 177.7 193.3 182.6 1 64 . 6 ! 14.7 144.2 November 189.8 205 5 i90 2 175 7 120 9 172 4 FOODSTUFFS Stocks, cold storage, end of month: Apples, fresh Butter , creamery Cheese , tota 1 Fruits, frozen Vegetables, frozen. ...... Eggs : She I I Frozen .. Meats , tota 1 Beef and veal Lamb and mutton Pork, excluding lard Lard Pou 1 tr y 23,375 thous. of bu.. thous . of 1 b . . 94,61 1 259,415 , do .... • . . .do. . . . 571,229 554, 175 do.... 527 thous . of cases . . 121,592 ....thous of !b.. 499,293 do. . . , .• do.... i 35, 560 do, ... 9,767 do.... 276,255 do. ... 3 i , 344 do .... 259,920 25, 179 80,620 246,445 490,491 564,82? 388 73,004 68 1 , 802 249, 153 19,250 312,279 80,439 292,694 LEATHER AND PRODUCTS Shoes and slippers, production, total... ..thous of pairs Shoes, sandals, and play shoes, exc athletic, tota i . .do Men ' s do Youths' a n d boys' . . . do Women ' s ... do Misses'andchifdren's... do Infants' and babies' . .. .do S 1 i ppers for housewear ..... . .. do Athletic do Other footwear do. TEXTILE PRODUCTS Cotton : ±/ Consumption bale^.. Manufactures, spindle activity (cotton system spindles): Active spindles, last working day, tota 1 ..... .thousands. . Consuming 100 percent cotton do. ... Spindle hours operated, a l l fibers, total ... .mi 1 . of hr . . Consuming 100 percent cotton Operations as percent of capacity Rayon: Consumption: Filament yarn Stap \& f i ber Stocks., producers', end of month: F i 1 ament yar n Stap 1 e f 5 ber rj Revised. do.... do. . . . 2 i , 609 20 . 394 ! 1,393 460 10,721 124 4 .1 ! 00 37 , 842 8,775 i , 826 I9,4i9 5,040 2,782 5,638 264 356 46,341 39, 185* 9,339 !,709 19,446 5,553 3, 138 6,442 286 428 915,593 21,612 20,2!5 12,34! 499 ! 1 , 525 i35 759,737 2! ,583 ?0, 180 9,870 506 9,2*9 137 ..mil. of Ib.. ... do. ... 56.4 26.0 56.9 27.0 84.7 28. 1 8LO 26.7 r75.0 r24. 1 73. 1 26.6 do .... do .... 73.2 9.4 84.2 10.7 57.7 15.0 54.8 I5.6 r58.3 r 17.9 59.0 16.0 J./ Data for October !95I and !952 cover 5 weeks; other months, 4 weeks. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS PENALTY FOR PRIVATE USE TO AVOID PAYMENT Qf POSTAGE, $300 FIRST CLASS WASHINGTON 25, D. C. OFFICIAL BUSINESS Permit No. 1009 WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS