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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.

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