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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC
COMMERCE
FEBRUARY
JtifAIUeU flfilY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS
SELECTED
BUSINESS
18, 1949
INDICATORS
ELECTRIC POWER PRODUCTION BY UTILITIES
rSILtiONS OF KILOWATT HOURS}
STEEL INGOT PRODUCTION
225 mtetbY ML
200
\
175
150 •
V
1
1/
JJ
125
u.,i.;., I ; ' J I • j ,i i i u,.i, I i.„i ,i i ; ; i 1 i m i I i i i ! i i i i i i i i 1 i i i 1 i i
too
DEPARTMENT STORE SALES AND STOCKS
(SEASONALLY ADJUSTED* 1935 - 39 * 100)
350 MONTHLY DMT A
160
300 SALES ^
160
PRICES OP 365 INDUSTRIAL STOCKS
(1935- 39-100)
250
{40
200
150
100
stocks
(em or mourn/
1946
120
1 II II 1 II H 1 1 1 1 1 1 1 1 1 1 1 I
1947
1948
1949
WEEKLY
100
BUSINESS
1949
m$
IfM
T
1949
1946
STATISTICS1
t*b> ik
Jan. 15
Jan. 22
Jan. 29
feb. 5
f«li. 12
Coaaodity prices, wholesale:
160.9
All commodities 2/
1926»100..
164.6
158.8
158.8
I6O.5
159.3
156.9
182.5
JPara products
.................
......do*.*.
195.6
170.1
167.9
174.3
168.9
162.5
174-3
164.4
food £1
«
•••••»••••••• . d o . . . .
161.9
177*6
159.2
158.6
156.9
All other 2/
.....
do....
147*7
153.6
153'0
m.6
153.5
152.9
152.9
20 coasurtitiee j d
... t
JUa«u«t 1939*100..
291.4
283-7
286.1
332.7
280.7
321.3
271.3
Qotfcoa, aiddling, 15/16*, 10 market* 4/
dol. per lb*.
•324
.329
•333
.328
.322
.327
.322
2.23
2.82
2.24
Wheat, *>. 2, Bard Winter ( I m m i City)..
dol. per bu..
2.27
2 <41
2.22
2.14
240
218
244
Department store s a l e s . . . .
.
.X935-39«100..
230
238
231
2,266
Insured uneoployaent, total
.....thous..
1.7*
2,195
1,841
1,648
State progrea*..
..
...do....
1.603
1,116
1,032
520
545
? « t « m V progrea*....
.do..
6.74
638
finance:
28,166
Currency in circulation 4/
.
. . . . . a i l . of dol..
28,126
27,701
27,580
27,909
27,562
27,581
21,732
federal Reserve teak credit* t o t a l .
.....do....
21»175
22,827
22,836
22,960
23,193
22,999
17.064
17.037
Member bank reeerve balances.
...do....
19,711
»,035
19,597
20,133
954
1,001
978
Sscefcs reserves*- e e t i a a t e d . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . . .
913
921
579
574
federal fieeerve reporting aeaber banke i n leading cities*
19,670
20,54^
a
,
822
21,968
Bank debits, t o t a l . .
. a i l . of d o l . .
22,030
21*915
8,0?4
8,596
Mew Toric City
do....
9,507
8,050
2 3
t 8,368
Ml*
ki.m
47,670
Deposits, dsaand, adjusted.
do....
US,226
47,665
46,94§
64,410
. . . . d o . . . . 6/64,879
6/62,879
Loans and inveetaente, t o t a l . . . . . . . .
^I'M
6/62,852
6/62)6%
U. 9. Government obligations.
....do....
36,791
37»315
33,^11
,33.3*
33,268
Coaaercial, industrial and agricultural l o a n s . . . . . . d o . . . . 6/14,725
14,692
6/15,415
£/15,381
6/15,318
failures* industrial and coaaercial.
number..
97
142
128
136
127
145
Bond yi eld e, doaestic corporate (Moody *•)
percent..
3.02
3;13
3.01
3.00
3.13
3.00
Stock prices, 4l6 stocks (Standard and Poor* s) *.1935-39.100..
116.2
122.1
ia.8
112.4
100.7
116*5
120.6
Industrials, 365 s t o c k s . . . .
do....
ia.4
128.6
128.2
117.2
126.9
121.9
126.7
Production:
Bituminous coal 4/.
.thous. of short tone*.
1,872
1,892
1,910
1.963
1,747
1,893
Electric power, by u t i l i t i e s . . .
a i l . of k v h r . .
5,3*5
5,727
5,Ms
5,769
5.810
5,778
Motor vehicles ,(Wards)
.number..
108,281
81.358
105,088'
109,499
80,299
113,042
98.972
fetroleua 4/
thous. of b b l . .
5,347
5,428
5,333
5,^19
5,*39
5,351
Steel I / . . .
1935-39-100..
187.2
205.1
***206l7
206.7
189.8
208.4
208.8
Freight carloadings, total
thous. of c a r s . .
710
733
682
747
679
Miscellaneous
do,...
341
351
329
351
333
I / Data do not always, cover calendar weeks. 2/ Revised series. See note in December 3, 19*f8 issue. 3/ (Thursday prices. 4 / Daily averages. 2/ f o r description see note in July 13, 1946 issue. 6/ Beginning July 1948 Individual loan items are reported gross, currently and
for a year ago, instead of net as foraerly; total loans are included on a net baeis f o r a l l years. J j Week e?«U.ng february 19, 206.5.
J' ?
2
M O N T H L Y
BUSINESS
Siriltr data are available la aonthly issues of the Survey
and the I9U7 Supplsaenfc
STATISTICS
1948
1947
January
Deceaber
19*9
November
October
Deceaber
January
CQH3TBUC7X0H AND HKAL KSIAT'i
Contract awards (Snglneerlng News-Bscord):
Snginsering construction, value 1 / . . . . . . . ..thous. of dol.
Construction cost indexes:
Aaerican Appraisal Co., average, 30 cities
191>I00.
Atlanta
do...
Itv Tork
..do...
San Prancisco
do...
St. Louis
do...
•ssoclatsd General Contractors (all typos)
do...
feginssrlng Neve~&eoords
Building cost
do..*
Oonstruotlon cost (all typos)
do...
503,38*
441,955
468
kn
s
1*33
459
318
dl
333-6
441.7
J8:?
451,112
648,43*
504
.531
Pp
460
*?5 !
3*1 j
502
529,
522 |
45*
58
*3,5**
565.826
501
532
532
*
§
502
%
$ 2
J55-9 |
478.3 |
355-6
*77.7
3*5
306 j
357
287
1.2
2.8
.1
?•*!
4.1
.*!
1.4 j
2.2 j
.1!
2.6
4.3
•3
2.2
1.7
.1
95.582
38,169
57,413
91,569 !
3*. 75*1
56,815 j
109,908
94,101
38,4*9
55.672
252,460
252,506 ;
P52.800
252,620
218,675
31,7oC
2,186
DOMESTIC SHADS
Department stors salts, United States totals:
Unadjusted index
Adjustsd index
1335-3>100,.
do....
r486 j
*304 i
495
309
p228
9290
BPLOYXSNX CONDITIONS AMD UA&IS
Labor turnrover la manufacturing establishments?
Accession rats
aonthly rats per 100 estployees. •
Separation rata, total
...do....
Discharges.
..do....
Lay-offs
..do.«.,
Qpits
do.. . .
Militsry and aiscsllaneous
do....
PINANC5
Bsnk debits, total (141 csnters)
a i l . of dol..'
Now Tork City
do....!
Outside New Tork City
do....|
fsderal Government finance:
Debt, gross, end of month.....
.
do....!
Interest bsaring: Public Issues....
dc»...
fecial
do....
Noninterest bsarin*
.00....
Obligations guaranteed by U. S. ( amount outstanding, .do*...
Cold, monetary stock, United States
do*...;
Currnacy in circulation
do....!
Bonds:
Prices*
Industrial,utility,and railroad (Stan.aui Poor's Corp.;J I
High grada (12 bonds) 2/
dol. per $100 oo*id.»!
Medium grade, composite ( I t bonds) 2/
do....;
Industrial (5 bonds) 2/
do....I
Public utility (4 bonds)
do
Nail road (5 bonds) Zj
do....;
Domestic aunicipals (15 bonds)
do....i
U. S. Treasury bonds (taxable)
do....;
Salss (Securities and Sxchange Coaaission)t
total on all rsgiatered exchanges:
Market value
tho»;s • of dol..'
face value
do....:
On New Tork Stock Sxchange:
j
Market value
do....j
face value
do....!
Tleldet
Domestic corporate, Moody's
percent.
By ratings:
Aaa
do... J
.do.
.do.
"I
Bj groups:
Industrial
do..
Public utility
do.,
Railroad
do.,
Doaestic Municipal (15 bonds), Stan .and Poor's Corp .do..
U. s. Treasury bonds (taxable)
do..
Stocks:
Dividend rate per share:
Common stocks (200 stocks), Moody's
dollars*.
Industrial (12$ stocks)
do....
Public utility (25 stocks)
do
Bailroad (2$ stocks)
do*...
Bank (15 stocks)
do....
Insurance (10 stocks)
do....
Dividend yields:
Common stocks (200 stocks), Moody's.
...percent.
Industrial (12$ stocks)
do...
Public utility (25 stocks)
do...
£./ Heyieed. £/ Preliainary.
data in January 1949 Survey.
3-6!
.4 i
.9:
2.3 !
.1 i
4.6;
4.
3
1.2 !
2.6!
I
93>970 j
37,*15 !
106,520
46,225
60,2£>
56.355 ;
256,900
:
225.2^0 !
28,955 i
2.695 i
61 !
22,75*
28,868 !
1
J
97.6 !
92*7 I
99-7 i
94-1 !
82.1 !
126.2
i
101.59 ;
I
1^5.181 ;
186,213 i
137.9711
178,255 !
!
256,57*1
224,810 j
29»1**8 j
2,616 !
77 i
22.935 j
28,111 !
S
98.1 j
91.2
96.5 ;
96.0 ,
82.1 j
12fc.5 i
100.70 ,
I
98,892 S
13*,381 j
i
93.971 !
128.055 j
2.94 ;
3.16 !
3.52:
3.12 •
'
I
2.86 |
2.9*
3.17
3-52 |
2-92 :
3.02 1
3.42 !
2.35 «
2-39 j
2.91 ,
3.03 !
3.44 I
2.45
2.45
2-55 ,
2.56
3.22 !
2.86 I
2.56 j
3.20 ;
1.85 s
2.32 ;
1.88 !
1
5-44 1
2.57
H2
1.84
2.32
1.88 1
I
5.62 i
5.66
5.90 |
!
219.077
31.223
2,lSl
52
24.004
28,176
215,992 !
31,400 !
2,115 i
46,19*
63,714
218,865.
31,714!
2,220 S
*.»BI
28,331 !
r24,2§! I
28,224!
97.9 j
91.11
98.9 j
90.9
94.J
93.61
94.71
127.8,
100.89 s
!
97.8
91.9 |
9*"* \
85.8 j
124.5 i
100.69 :
57,711!
r78,58I i
S31
IOO.79 |
i
63,049 j
88,261!
5*.179 j
74.3*5 j
1
59,386 !
83,409
Ml!
3.12
2.84
2.9*
3.15
3.50
2.84
2.92
3.18
3.53
2.90
2.89
3.07
2.45
2.45
2.90
2.97
3.28
2.5*
20?
1-87
5.82
5.93
5.80
3.09
3*7
2.42
2.44
3*02
3-12
3.29
2.32
2-33
1.87
100.5
92.1
96.1
93.8
86.4
129.<
101 g
63,470 i
89,3*71
60.152 I
84,620!
3.09 j
3-02
3.16
2.79
2.88
3-53
2.71
2.81
3.08
3«*6
2.85
2.80
3.3f
2.26
2.44
3.26
3.04
3.14
3.07
3.17
2I40
2.34
1.99
2^2
2.35
1.99
3.06
2.99
2.15
2.42
6.57
6.72
6.62
6.78
6.84
6.08
6.09
6.04
l j Data for January and Deceaber 1?UK are for 5 ve*k-*; other nosths, 4 weeks. 2/
See note on corresponding
5.U1 :
6.0U :
6.98
MONTHLY
BUSINESS
Barliar data are available In monthly issues of ths Survey
and the 1947 Suppleaent
S T A f I S T I C S — Continued
1948
1947
December
3
January
lovsaber
October
December
HHAHCS - Continued
Stocks
Continued
Dividend yields - continued
Coanon stocks (200 stocks), Moody's - Continued
Bailroad (25 stocks)...
*•
percent.
Bank (15 stocks)
,
do...
Insurance (10 stocks)..
• »do...
Preferred, high-grade (15 stocks)
do...
Sale* (Securities and Kxchange Conaisaion)i
Total on a l l registered exchanges*
Market value
. « i l . of dol.
Shares sold.
thousands.
On Bew York Stock Exchanges
Market value
a i l . of dol.
Shares sold
5.76
4.70
3.50
4.07
I'M
3.49
4.13
4.45
6.20
7.42
4.87
28
1/4.21
1.178
53 ,160
924
40,123
891
40.593
1.137
53.415
t 1,077
747
29t081
970
39.345
914
35,534
1,021
r620
r813
550
557
1,284
1,272
721
706
1,003
36,688
28 M
7.67
4.74
3.34
1/4.15
49,092
fOBJSIG* THADB
Batport*, including reexports, t o * < a l . . . . . . .
te^rts of U. S. aerchaBdise
General imports, total
Imports for consumption
TBAHSPOBTATIOB
i'r eight carloadings:
total car<t U.A.S.) 2 / . . . . . .
Go.&l...
,
Coke
.................
forest p r o d u c t s - . . . . . . . . . .
Grains and grain products.
livestock
• Ore......
Merchandise, l . c . l .
Miscellaneous.
Combined index, adjusted (Federal Reserve)
Coal
Coke
Zerost producte.
Grains and grain products
Livestock...
...
Ore.
*
Merchandise, l . c . l
Miscellaneous... »..
?rstg&war surplus and shortage, daily average*
Car surplus.. *
Box. c a r s . . . . *
Coal car®-...
Car shortage
Box cars*
..
.•
..••
Coal c a r » . . .
cuaaoALs akd allied pboducts
P*dnt, varnish, lacquer, and f i l l e r s , saleat
l'otal
;
Classified, total
Xrulustrial
••
Trade.
Unclassified.
n i l . of dol.
do...
.do...
.....dOi..
1,172
1,164
603
562
1.092
1,082
545
557
.thousands.
......do...
......do...
.do...
......do...
do...
do...
......do..•
.do...
1935^39-100.
3.164
714
60
168
177
50
66
432
1.495
149
155
191
'3.819
916
75
do...
do...
do...
do...
do.. .
do...
do...
do...
number*
do...
do...
do...
..do...
do...
thous. o f dol.
do*..
do...
do...
do...
KJODSTUITS MS TOBACCO
Distilled spirits?
Product! on..•
thous. of tax gal *
Tax-paid withdrawals
.do...
Stocks, end of month.
do *
Whisky?
Production.
.do...
fax-paid withdrawals.
.do...
Stocks, end of month
do...
Rectified distilled spirits,prod.,total..thous.of proof gal.
Whisky
.
..do...
Dairy products, productions
Butter, creamery ( f a c t o r y ) . . . . .
thous. of l b .
Cheese, total ( f a c t o r y ) . . .
do...
Condensed s i l k (sweetened)I
Bulk goods..
do...
Case goods
do...
Evaporated a ilk (unsweetened), ease goods
do...
Dry »ilk*
Dry whole m i l k . . . .
.do...
Honfat dry milk solids (human f o o d ) . . . .
.do...
Livestock slaughter (Federally inspected):
Calves
thous. of animals.
Cattle
do...
Hogs.
do...
Sheep and lambs
do...
r/ Revised.
Xj Data for 11 stocks.
205
225
55
'5*
*500
'1,789
145
155
I83
158
153
156
84
180
68
152
I3f
96
192
5.886
712
12.013
12,14^
5.643
6,047
2,888
68,914
62,213
3.600
934
8.747
5.468
88,015
1,011
597
602
2,051
621
5?
4.574
889
J
S
5
156
193
99
**
47
78
557
2,100
140
147
194
149
1,428
137
131
192
$
150
93
85
145
201
62
148
1.792
74
253
20,885
10,804
11.573
1,902
4,781
1,561
791
8,908
81,781
74,070
670
71.778
32.526
6.700
78.778
31.743
47.035
9,237
4,200
10.345
516.403
9.492
8,081
513.899
33.337
U,&55
614,840
37,037
12*154
621,672
655
4.698
4,049
455.409
9,442
8*696
12,193
14,026
r76,584
r60,072
29.688
42)470
7.711
65,116
29.864
«
65,874
59.436
28,807
30.630
6,438
28,225
635.674
6,090
6,602
12,515
13.376
17,532
3.965
559.818
9.739
8.792
'79,03°
*64,6l5
r93.330
'80,745
'79.190
*67.995
83,670
72.325
rl4,lT2
rll.391
rl6o,727
'15.33©
*?.750
rl76,250
'15,415
226,250
13.050
8,250
rl54,900
147,000
'9.577
r32.049
rl2,660
'37.800
11.515
'36,790
'7.350
'35.450
9,165
49.700
586
1.312
633
1.176
4,098
1.632
614
1.151
5.425
1,444
572
1.197
6,089
1.329
673
1,346
6.254
1.451
5.223
1.347
8,600
12.795
10,000
2/rata for January and October 1948 and January 1949 are f o r 5 weeks; other months, 4 weeks.
MONTHLY
4
BUSINESS
Sarlier data are available in monthly issue* of the Survey
and the 19*7 Supplement
M££iLS AM)
.;.
pj&m
19*8
19*7
December
J&o&axy
October
Hevember
December
MMmACmiMS
Steel ingots and steel for castings:
Production.
thous. of short tons.
Percent of capacity... w
.
3
Barrels ssd drums, steel, heavy type*
Orders, unfilled, end of month....
thousands.
Shipments
do*..
Stocks, end of month.
.do.«.
Steel products* net shipments*
T o t a l . . . •.
thous. of short tons.
Bare, hot rolled carbon.
*
do...
Pipe and t u b e s . . . .
do...
Plates.
„
, .do...
Bails
.
do...
.do...
Strip — Cold r o l l e d . . . . . . . .
.........do...
Sot r o l l e d . . . * .
do...
Structural shapes, heavy..
.............do...
Sin plate and tern©plate.
.do...
Wire and wire p r o d u c t s . . . . . . . . . .
..
...do...
Zinc, slab» 1/
Production
.
short tons.
•
.do...
Shipments, total . . * . . • • .
Doaeatic*...»..*.
. .do...
Stockst
of month.
do...
Boilers, ^radiators, and con-rectors, cast irons
Boilers (round and square}!
Shipments........
thous. of lb.
Stocks, end of month.
.do...
Radiation;
Shipments..•*•......
.thous. of
ft.
Stocks* ®s& of mouth,
..........
.do.-.
Fotmdry nqutpmrnts &m orders* net?
Hew equipmsnt
S T A T! S TI C S ~ Continued
.1S37~39»1C0.
7.376
95-*
7,*73
93.8
7.987
100.0
r7.788
rlC0.7
12,*6l
2.385
a
12,191
2,239
18
9,*85
2.336
21
9.321
2,307
30
5.613
521
55»
591
211
1.352
5,*io
5.952
535
5,732
P\
61*
6,056
190
190
1,*76
155
1*3
39*
*G0
*30
380
U05
70,996
72.151
5a
5*1
530
201
1,38*
1*6
1*6
$
*29
72,776
If
190
l,*63
161
15*
392
350
*36
.716
629
1,*18
165
1*6
368
$
r7.771
*97«5
557
63?
65s
7,^02
2?
6«*0il
66,17*
55.*23
61.751
**,*31
71,195
96,1*2
66,211
19,*8*
r76,696
'75.332
*67,996
20,8*8
28,583
39.7*9
22,018
*6,77*
35.353
62,199
21,223
6*,*65
1*,192
69.092
5.388
2,3*1
.2.536
3.389
6,106
5.191
3»*95
3.321
5.101
467.8
380.9
296.0
28*.*
2*3.7
rl,7*2,*65
*«93.37l
739.986
109,108
1,865,832
1.925.292
968,197
rl,856,097
1,7*3,206
883,559
757,585
102,062
*57,100
765,100
826,900
*32,900
813,100
831,100
809,700
832,100
338,700
822,500
957,200
318,700
953.300
M79
*.92l
*»96i
*,680
..852
89,161
38,315
950
8,*25
757
8,*50
9.6%
966
55.780
53.192
*5»95Q
38,575
97*
61,258
86,000
5,181
TBimim
All papar and pqperboard mills (Bureau of the Census)t
Paper *nd paperboard production, t o t a l . . .
.short tons.
Paper..
..............do...
Paperboard.
.do...
Bulldl&g board.
.do...
Psperboa^dt
Orders, new
..do...
Orders, unfilled, end of month
.do...
.Production. .do...
A3SQ GOAL PBODUCfS
Anthracite* production
thous. of short tons.
Bituminous coal*
Production
do...
Industrial consumption and r e t a i l deliveries, t o t a l . . d o . . .
Industrial consumption, t o t a l . . . .
...do...
Beehive coke ovens
..do...
Byproduct coke ovens
...do...
Cement mills.
.do...
Xlectric power utilities'
.do...
Sailways (class I ) . .
do...
Steel and roiling mills
do...
Other industrial
.do...
Be tail deliveries
».svvi; . 4 o . . .
Stocks, industrial and retail dealers* end of months
total
i
thous« of short tons.
Industrial* total
.;
Byproduct coke ovens
.do...
Cement mills
*
...do...
Slectric power u t i l i t i e s
do...
Bailways (class I)
do...
Steel and rolling mills
..do...
Other industrial
do...
fie t a i l dealers, t o t a l . . .
do...
7*7,500
10M
9*8.503
807,755
109.57*
1:1,66s
963
8,*00
S.796
9.726
1,10*
11.970
13.25*
8*0,833
116,262
365,900
8,655
751
777
8,689
8,508
7.851
7.710
766
11,0**
12,oI
8*899
7.375
68,696
*9.576
*8,185
8,671
1,0*9
15,792
6,906
8,050
7.851
5.919
2.330
8,806
6.751
6»*9|
2.*36
9.905
6,226
5.152
9.U6
6.323
65.772
11.3*8
1.35*
23.875
9,093
1,066
19.030
2,92*
*,*99
*9,0*5
*8,*67
39,568
999
8,500
52.161
50,12*
9.1*8
1,113
16,788
6.7*9
1,012
15.31*
2.037
1*,S2^
1.391
r922,956
r826,731
rl06,*l0
69,579
1,377
2*.89*
9,153
1,019
18,592
3.079
m
12,10*
1,291
2*,812
9»*il
1.052
17,99
',997
J, 706
&IBBS& mv rubber PHQDUC23
f i r e s and tubesi
Pneumatic casings!
Production.
Shipments
Original equipment
Stocks, end of month.
Inner tubes*
Production
Shipments
Stocks, end of month
t j Revised.
thousands*«
do*...
do . . . .
do....
do....
a0....
do....
6.583
rill**
6.5**
5.32*
'8,059
1/ See note on corresponding item in the January 19*9 Survey.
6,061
8,915
6,098
5.592
10$I
5.715
5,**3
2.299
10,722
5.*63
5.123
9.303
5,03*
*,722
9.73*
@FedFRASER