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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE OFFICE OF BUSINESS ECONOMICS Available only with subscription to the monthly magozine SURVEY OF CURRENT BUSINESS SELECTED FEBRUARY i, 1952 BUSINESS INDICATORS STEEL PRODUCTION (Ingots and Steel for Castings) (1935-39 = 100) ELECTRIC-POWER PRODUCTION BY UTILITIES (BILLIONS OF KILOWATT-HOURS) 8.0 70 200 ***^^ 150 5.0 !OO 4.0 P*^ f HOURLY EARNINGS AND HOURS IN MANUFACTURING CONSUMERS' PRICES (1935-39 = 100) DOLLARS HOURS 140 100 !948 1949 I960 WEEKLY 1950 1949 1948 195! 1951 BUSINESS STATISTICS1 1952 1951 ITEM Jan. 20 Jan. 27 Dec. 29 Jan. 5 Jan. 12 Jan. 19 Jan. 26 Commodity prices, wholesale: 179.9 192.6 181.1 170.5 386.0 .443 2.38 301 1,195 1,144 181.4 197.5 182.9 171.1 386.1 .447 2.40 278 1.125 1,075 177.3 195.1 189.2 165.5 328.7 o420 2.52 265 1,305 1.263 177.2 193.7 189.2 165.4 327.5 .419 2*52 225 1.458 1,416 177.2 193.9 188.8 165.3 324.6 .423 2.52 265 176.5 192*0 187. 5 165.2 321.5 •417 2.51 259 175.9 188.9 186.2 165.3 323.1 .418 2.52 27,208 21,923 18,587 969 21,608 18,260 650 29,333 25,576 20,208 635 29,104 24,825 20*364 669 28,787 24,554 20,369 797 28,543 24,372 20,4S8 918 28,354 24,116 20,660 1,091 27,459 10,424 51,702 70,449 32,634 17 972 167 2*86 171.2 185.5 26,650 10,092 51,684 70,384 32,443 18,018 193 2.85 168.8 182.8 24,682 10,116 54,059 74,878 32.522 21,592 163 3.26 182.4 199.1 32,894 14,225 53,370 74,217 32,224 21,419 126 3.27 185.5 202.8 26,517 10,531 53,706 73,729 32,074 21,267 3J64 3.26 184.5 201*4 27,2% 10,277 54,544 74,217 32,283 1,863 6,909 152,783 5,973 223*0 780 392 1,902 6,970 158,319 5,987 225.9 784 392 1,571 6,922 35,193 6,112 227 1 502 254 1,839 7,149 48,545 6.094 1,960 7,666 85,630 6.084 228 7 743 364 Wheat, No, 2, hard winter (Kansas City) ^...dol. per ba». Department store sal es..............*.....o...o .1935—39=100. . Finance : Federal Reserve reporting member banks in leading cities: CoHffQ€^rcial industrial and apr. loans v^ross}...do«... Bond yields, domestic corporate (Moody* s) ^/.* .percent.. Stock prices, 416 stocks (Standard and Poor »s).. 1935-39=100,. 158 3.24 187.0 204*2 9,866 V,? 3.23 189.7 207.5 Production: Steel £/ 1935-39=000*. \/ Data do not always cover calendar weeks. 2/ Thiarsday prices. 613 308 1,888 7.5Z.O 91.940 6,101 229,6 748 371 averages. £/ Week ending February 2, 232*9. 87,621 231.3 MONTHLY BUSINESS STATISTICS Earlier data are available in monthly issues of the Survey and the 1951 Statistical Supplement 1950 November 1951 December September October November December BUSINESS POPULATION Industrial and commercial failures: Failures, total *,.. * number*• Commercial service..... do.... Construction .**.«.*.... .do*... Manufacturing and mining do..»• Retail trade do.... Wholesale trade.... .»«.«... do.... Liabilities, total thous. of dol.. Commercial service , .*«*.«..do.... Construction .do.... Manufacturing and mining ....do.... Retail trade . do .... Wholesale trade........... «»*»».do.,.. COMMODITY PRICES Consumers' price index, all items......*, 1935-3^=100.. Apparel , do.... Food do.... Cereals and bakery products. do.... Dairy products.. ....do.... Fruits and vegetables... ...c........... do.... Meats, poultry, and fish do.... Fuels, electricity, and refrigeration.. do.... Gas and electricity do.... Other fuels do.... Housefurnishings « «....«.do * *.« Rent do*... Miscellaneous .* do.... Wholesale prices (U. S. Department of Labor): Combined index .1926=100.. Economic classes: Manufactured products......... do.... Raw materials do.... Semimanufactured articles .........do.... Farm products................ ..0 .......do..*. Grains do.... Livestock and poultry ..do.... Commodities other than farm products.. ....do.... Foods odo.... Cereal products...0........ ...«0do.... Daiiy products .............do.*.. ?ruits and vegetables .....do.... Meats, poultry, and fish do.... Commodities other than farm products and foods.....do.... Building materials do.... Brick and tile do.... Cement do.... Lumber o.do.... Faint and paint materials o*..,do,..< Chemicals and allied products..**...*....... do.... Chemicals do.... Drugs and pharmaceutical materials do*... Fertilizer materials do,... Oils and fats do.... Fuels and lighting materials do...o Bituminous coal. **• .*..do.«•• Electricity do...* Gas ,*do**«. Petroleum and products......... ««..«««««..do«.«* Hides and leather products............e* *.do*««. Hides and skins * do.,... Leather do,..* Shoes do*..* Housefurnishing goods.... * ........do.... Furnishings.* do..». Furniture do.... Metals and metal products do.... Iron and steel...,.............................do.... Nonferrous metals ......do.... Plumbing and heating ••••• ..do...* Textile products............ ..............do.... Clothing do.,,. Cotton goods . .do,.., Hosiery and Imderwear.* * do.... Rayon0... do.*,, Silk do,..* Woolen and worsted goods.................0.....do.,.. Miscellaneous *...*...»* .do... • Tires and tubes........•*..........*...........do.... Paper and pulp do.... Wholesale prices of selected commodities: Coal, bituminous, mine run, composite..dol. per short ton.. Coffee, Santos, No. 4 (New York)........ dol. per lb,, Cotton cloth, print, 64 x 60 cents per yd., r/ Revised. 21,OU 3,205 4,748 5,352 5,479 2,260 620 39 84 150 277 70 26,643 782 4,668 14,908 4,826 1,459 57 85 150 304 r47 r29,742 2,044 1,937 r!2,219 6,707 r6,835 106 307 58 17,567 952 3,740 6,158 4,369 2,348 19,403 1,874 2,251 6,515 5,177 3,586 176.4 194.3 210.8 177.6 192.8 195*7 250.3 142.5 96.8 200*8 201.1 132.5 159. 2 178.8 195.5 216.3 177.7 194,0 203.9 253,4 142.8 96.8 201.7 203.2 132.9 160.6 186.6 209.0 227.3 189,4 206.4 205*1 275,6 144.4 97.3 204,9 211.1 137.5 166.0 187.4 208.9 229,2 189.4 207.9 210.8 276.6 144.6 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 97.4 206.3 210.8 138.9 168.4 189.1 206.8 232.2 190.4 213.2 236.5 270.1 144.9 97.5 206.6 210.2 139.2 169.1 171.7 175.3 177.6 178.1 178*3 177*8 165.1 184.5 173.0 183.7 172.1 197.3 168*8 175.2 154*1 164.1 140.4 223.4 163.7 217.8 177.6 140.8 347.6 148.2 135.7 134.3 163.8 112.0 171.5 135,7 193*3 65*5 90.5 118*1 211*5 269.3 204,9 203*7 166.9 176.6 156.7 180.4 174,0 181.7 182,5 166,3 151,4 231*7 111.4 42,7 69.0 192,7 137.6 82.3 178.7 169.0 187.1 178.1 187.4 180.9 204.9 172.4 179,0 157.6 164.4 138.0 233.7 166,7 221.4 179.1 141,2 348,4 154,9 139.6 136.1 175.1 115.6 180,9 135.7 193.2 65.7 90.2 118.0 218.7 277.5 213.8 209.3 170.2 180.6 159,2 184.9 182*1 182.5 183.6 171.4 155,4 236.6 113,7 43.0 75.0 195.6 HO. 5 82.5 189.0 174.2 187.0 168.8 189.2 181.6 227,8 174.8 188.0 160.4 . 170.3 041.9 258,4 167.0 223oO 179.5 U7.2 343.3 159.8 140.8 144.7 184.1 318,5 341.9 138.8 1%.9 65.4 94.7 120.5 212*1 225.3 195.5 221.8 172,4 183.1 161.2 189*1 185*9 176.4 3B4.4 163,2 164*7 174.3 r!88.9 168.3 192.3 187.3 225.2 174.8 1S9.4 161*3 173.8 343.3 260,8 r!66,6 223.6 179.5 347.2 344.4 161.3 174*1 189.6 168.7 r!95.1 195.1 212.4 r!74.3 188.8 163.8 178.7 151.6 251.8 166.9 r224.5 173.9 188,8 167.9 193.6 197.6 209,8 174.1 187*3 163.5 183.2 161.3 246.2 166.9 224.0 179.5 147.2 344.1 164.1 137.9 144.5 169.0 123.2 126,1 139.2 198.3 110.0 43.1 72.6 196.7 138.5 82,9 199.7 120.5 208.3 220.9 194.5 215.8 171.7 181.8 161,1 191«2 186.0 180.4 184.2 157*7 163.8 r!93.6 108.0 43.1 75,8 169*9 r!39.2 82,9 200*5 8.735 ,519 21.9 8.741 .540 22.5 9.234 .542 15.1 9.710 .545 15*1 683 67 87 150 310 69 18,864 1,74-2 2,726 8,412 4,235 1,749 679 67 62 343 330 77 141.1 184.1 120.2 142.6 138.9 197.6 587 612 48 68 48 179.5 147.2 r345.0 164.4 138C7 144.7 169.1 122.4 132,0 139.1 198,0 71 131 2% 66 64o9 94.6 97.7 120,6 rl%«6 182*2 r3B3.5 210.9 172.0 182*0 161.5 193... 5 186,1 180,8 184,1 r!59.4 160*4 r!98.8 107*5 43*1 76.3 177*8 120.4 192*3 174.0 175.7 208,6 172.0 18291 161. 5 191*7 186.1 isia 82.9 201.1 184*3 160.5 160.4 202.6 107*4 43.1 77*6 176,7 141.6 32.9 200.9 9.258 .542 15.8 9,262 ,5U 16.2 MONTHLY BUSINESS STATISTICS — Continued Earlier data are available in monthly issues of the Survey and the 1951 Statistical Supplement 1950 November I951 December September October November December COMMODITY PRICES - Continued Wholesale prices* of selected commodities - Continued Wheat flourf stand* patents (Minn*)**»dol«per 100 Ib.sack*. Lumber: Douglas fir,dim.,No.l,com.2"x4n.H»*'...dol. P6**M bd. ft.. Southern pine, bo«rds,No. 2,eom«, I"x6" or 8"xL2« ,.do.... Ponderosa pina, beards. Mo* 3, cocawoa, l"*8*.«*«..*tio«.»« Steel,scrap,h6avy aelting (Pitt8burgh)...dol.per long ton.. 5.738 5.925 5.794 5.780 6.038 5.954 79* 026 79.027 82.520 78.090 78.822 84*470 1/82.212 78.052 78.970 3/82.648 79.400 78.850 ri/81.741 80.484 78.170 .147 2.570 .081 .147 2.570 .081 .147 2.570 .081 .147 2.570 .083 .147 2.570 .081 1/81*368 80.702 78.740 44.00 .147 2.570 .081 222.9 223*9 233*7 224.7 226.4 236.9 234*2 235.6 245.7 235ol 236.4 246*8 235.1 236.4 246.9 235*9 237.2 246*9 224.8 223. 4 229.3 237.9 20S.2 226.3 225.9 232.4 241*3 211.0 236.1 235.8 243.5 249.7 221.0 236.8 236.5 242.5 251.1 221*5 236.9 236.5 242.5 251*1 221.5 237.7 237.0 242.7 250.5 221.9 234,2 232*7 237.4 236.1 246.1 244*3 247.3 245.6 247.3 245*7 247*3 245*4 226,880 42,944 183,936 11,721 2,267 39,502 130,447 217,856 39,099 178,757 8,395 2,347 29,682 138,334 211,499 51.465 160,033 7,889 2,234 30,318 119,592 228,673 51,844 176,829 9,811 2,732 37,983 126,303 230,083 47,780 182,304 9,519 2,417 34,510 135,85* 214,041 42,998 171,043 6,559 2,526 25,044 136,915 3*0 3*6 4.3 5»1 .3 1*3 3*1 .4 4*4 .4 1*4 2.5 .4 3»*7 4.1 .3 1.6 1.9 .3 2.9 3.3 .2 1.4 1.4 «3 Petroleum, crude (Oklahoma-Kansas), at wells* *dol. per bbl.* CONSTRUCTION AND REAL ESTATE Construction cost Index (S. H. Boeckh and Associates, Inc.): Average, 20 cities: Apartments, hotels, and office buildings: Commercial and factory buildings: Residences : DOMESTIC TRADE Newspaper advertising: EMPLOT>1ENT lAbor turn-over la manufacturing establishments : Accession ra ta . »c * * • «**.«« .monthly rate per 100 employees . « CHEMICALS MD ALLIED ERODOCTS Alcohol f. othyls In industrial alcohol bonded warehouses * do.««« 4.0 3.8 *3 1.1 2a .3 1.3 1.7 4.7 35,320 44,066 42,735 1,331 30,654 3,877 34*859 44,053 43,341 713 39,457 3,035 40,945 101,740 71,103 30,636 39,924 3*595 47,336 103,927 66,465 37,462 43,362 3,016 40,477 91,184 61,803 29,381 45,582 3,161 39,732 89,377 59,298 30,079 42.072 2,417 16,574 16,853 1,744 21,265 19*888 3,3-18 21,421 22^392 10,252 23,723 27,232 6,645 24,415 24,186 7,477 22,4M 21.944 8,333 354^641 246,609 393,136 274,271 281,549 258,887 327,893 261,850 1*378,755 r.269,893 3%, 619 303.436 58,895 82,816 60,254 92,536 46,862 310,682 49,801 103,919 r58,013 r 104, 574 56,659 100,465 11,247 69,024 10,006 72,207 18,789 97,846 16,612 109,630 2,297 rl02,999 2,305 97,237 570,573 960,062 269,1^8 544,970 1,023,486 297,359 439,614 1,014,187 256,321 160,209 155,036 122,009 171,591 96,085 102,715 173,826 154,868 186,793 225,137 182^865 279.881 72,635 591,636 74,946 609,867 57,057 635.1S4 59,964 640,760 54,981 638,785 52,120 652*6% 216,217 170,013 81,162 51,045 235,609 163,89399,828 54,237 143,658 130,391 90,907 79,870 214,799 343,782 121,135 75,261 r224, 8 34 136,668 164,529 73,602 221.400 349,822 197,246 83,920 Alcohol, denatured 2 Fats, oils, and byproducts s Animal fats: Greases: Fish oils: Vegetable oils: Cottonseed oil, refined: r604,260 615,919 1,094,497 rl.1%,594 rJ73.449 298,346 551,146 1,244,883 W ,211 Linseed oil: Soybean oil: £/ Revised, J/ See note on corresponding item in the January 1952 Survey. MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in oonthly issues of the Survey and the 1951 Statistical Supplement 1950 November 1951 Decessber Septan-bar October . ,.. ..,_ —,. November Besember CHEMICALS AND ALLIED HtGDOCTS - Continued Fats, oils, and byproducts - Continued Oleomargarine : Production* «••••«,• . « • » • * • • • • < » « • • • • • * « « • • » « *thous« of lb« » 93,852 12,645 89,959 34,150 35,074 16,461 98,219 19,218 94,979 17,704 96,240 18^830 155,333 81.121 114*092 103,583 109,636 97,018 136,469 94,231 131S721 93,no 116,509 101,441 6,168 6,022 9,451 5,8% 6,166 8,834 7S032 6,995 10,522 6,843. 6,732 10,211 6,142 6,410 9, 5^ 6,284 6,077 9,240 12,581 52,010 7,211 1,052 39,472 9,821 42,716 7,370 2,800 33,151 12,411 21,578 15,684 2,330 60,975 10,20*3 24,565 7,503 1,381 47,284 11,518 33,948 9,224 806 35,730 8,039 34,4% 9,450 1,267 32,3% 34,541 52,137 18,226 7,716 253,690 32,625 59,365 17,698 7,871 247,318 28,254 32,785 33,213 6,183 238,443 27,704 38,497 31,507 6,471 224,941 26,779 47,299 28,173 6,217 202,464 25,483 51,394 26,931 6,344 199,890 75,555 67,927 1,809 669,181 43,293 1,096,444 200,922 810 77,886 68,409 ••,948 6»,935 41,964 1,255,175 242,183 791 95,900 91,945 1,374 553,317 36,652 784,336 149,769 619 •87,815 82,445 1,668 648,917 47,490 971,381 184*705 '736 r67,515 r64,750 1,841 645,256 42,803 1,153,267 221,097 562 69,945 65,480 1,866 585,399 37,915 1,242,339 246,363 A89 866,935 320,519 131,587 523,250 510,224 1,767 531,464 203,654 84,803 688,617 661,353 rl,838' 98,067 3%, 322 464*289 444,726 92,575 678,741 676,573 1,169 627, 8i8 314,637 102,389 546*529 544,224 1,540 164,866 155,925 476,930 461,556 2,837 29,825 544,792 IB, 591 2,619 25,000 374,800 13,493 2/773 30, SCO 490*938 19,4^6 3,O6 37,477 5^616 14,374 3,708 r33,904 554,341 24,005 993 2,249 3,319 2,546 860 2,046 3,019 2,333 .492 1,644 607 1,859 563 1,746 2,138 2,163 6,861 41,543 %,919 4*624 5,38*7 7«?S9 37.169 31,771 5,3°* 5,693 7,4"^ 4.,,45:» 3VOA Shortenings and compounds: FOODSTUFFS AND TOBACCO Fermented malt Honors: Grains: Receipts, principal markets: Stocks, commercial, end of month: Oats „ »do.... Wheat .. ,».. ..•••do...* Dairy products, production: Butter, creawifiry (factory) « • • • « • • * • * • « ***••• ,t.hous* of lhst Meats, production, total. • •••••••••« ••mil. of lb.« Beef and veal. • • • • • • « • » « • • » • • • • • • * • • • • • • • • • • . thous • of lb* • Sugar, U. S., deliveries and supply (raw value): Stocks, raw and refined, end of mo,. » thous • of short tons,. Tobacco, manufactured products , consumption (withdrawals )s Manufactured tobacon and snuff, tax-paid. •••thous. of lbs»», in, 020 . 646,163 643,953 958 P23,531 367,906 14,353 LEATHER Leather productions Calf and kip*. .•...,,«..„.•.....•.*«. thous. of skins.. 1,830 1,674- 2, on 1 J*17 J-JW^f METALS AND MANUFACTURES Iron ore (lake Superior district): Consumption by furnaces. •,.o*»».»**«*».thous. of long tons#* Stocks, end of month, total* • • • « < > • «••••..*•. ..•••••••do*«*» At furnaces* •.••• 0 . • • « • « • « • « « • • * » • * * < » • ' « « « « * « » • « • » * *do» « * * On Lake Erie docks* « ••••••••*•* a « . « • • • • • • « • • • • • * • • * »do. . * * Pig iron, production ...........thous. of short tons** l& o/ 7.6?4 49;099 42,258 6,841 5 $ 93.1 431,082 427;?38 152,301 /*«V,75 ./7^!0 H75366 471,732 491^020 128,078 43",2o7 ,461,455 101,910 407,943 87,980 85,141 398,, cOV 85,355 87,778 381,437 r90?728 r92,487 405,277 rlOO,339 r97,79l 402,829 r95,847 r99,301 387,783 91,763 91,721 10,662 334,783 98,499 8,241 328,018 96,942 8,432 439,547 87,037 10,980 434,841 100,292 7,526 436,244 107,144 7,568 430,431 91,765 1,019,900 722,000 1,012,700 876,700 617,200 940,500 856,000 458,150 852,500 961,900 487,800 951,700 804,500 365,400 866,300 798,300 358,700 789,900 *(.*- 7,fr ; 43, vr, r^,?: , *V?-: 5/'.V PAPER AND PRINTING Newsprint, Canada (including Newfoundland): Shipments from mills..*..... « • • • • • * • • * » • « « # • . » ...... *clo*** & Stocks, at mills, end of irontho*. • » « » * « « • « . . *.,..«... do,, .«,, Newsprint, United States: Stocks, end of month: 456,743 £77,708 3,07,366 Paperboard: r/ Revised, p/ Preliminary. I 4>0>«5t 1 -US/775 tf'V''^ >