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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
Avoiloble only with subscription to the monthly mogozine SURVEY OF CURRENT BUSINESS
FEBRUARY 22, 1952
SELECTED BUSINESS INDICATORS
BILLIONS OF KILOWATT- HOUR,,
9.0
935-1939.100
JOO
STEEL PRODUCTION
(Ingots and Steel for Castings)
ELECTRIC - POWER PRODUCTION
BY UTILITIES
250
200
•I960
150
100
;.
i Ii i i I i i i I i i i i I i ii
SEPT.
OCT.
NOV. DEC.
DOLLARS
1.80
THOUSANDS OF VEHICLES
250
MOTOR-VEHICLE PRODUCTION
(Passenger Cars and Trucks)
HOURS
'
HOURLY EARNINGS and HOURS
IN MANUFACTURING
1 52
48
1.40
AVERAGE HOURS PER WEEK
(RIGHT SCALE) •*.
^* -»• • • +•
^_^"^
40
36
1.00
1949
1950
1951
1952
1950
1949
WEEKLY BUSINESS
1951
1952
STATISTICS1
1952
IS>51
TITOM
ITEM
Feb. 10
Feb. 17
Feb. 2
Feb. 9
Feb. 16
Jan. 19
Jan. 26
175.9
188.9
186.2
165.0
323.1
.418
2.52
240
1.408
1,362
176.3
190.8
185.8
165.3
320.3
.417
2.52
?4?
175.8
189.1
185.6
164.8
317.7
.415
2.50
251
175e2
186.6
184.8
164.8
315.0
.401
2.49
272
l.Q*>7
1,006
176.5
192.0
187.5
165.2
321.5
.417
2.51
259
1,422
1,376
27,148
23,260
19,075
826
27, H5
23,330
18,912
28,543
24,372
20,488
918
28,371
23,707
20,013
543
28,406
23,656
20,148
702
28,415
23,753
20,094
741
28,354
24,116
20,660
1,091
25,086
10,214.
50,781
69,225
Tl O93
??.6A?
8.524
50,510
69.atl
3D &*&
27,2%
10,277
54,544
74,217
1ft 321
ia jjQ
91 //I
191
2.85
174.8
189.7
165
2.85
176.1
191.4
158
3.24
187.0
204.2
26,549
9,866
54,586
73,583
32,166
21,286
l/»2
3.23
189.7
207.5
25,602
9,875
54,328
74,017
32,419
21.160
164
3.20
188.7
205.4
29,120
12,183
53,571
73,746
32,356
21.110
134
3.18
186.9
203.8
1,888
7.540
91.940
6,101
229.6
748
371
1,870
7,616
88,535
6,099
231.3
728
362
1,733
7,572
96,324
6,131
232.9
731
368
1,764
Commodity prices, wholesale:
183.3
201.2
187.6
171.7
389.9
Cotton, middling, 15/16", 10 markets ^.......dol, per lb..
Wheat, No. 2, hard winter (Kansas City) ^....dol. per bu..
Department store sales. •««««.«.«««•««.. .....«««.1935-39t=100.«
2.48
273
1 117
1,065
183.9
203,7
188.4
171.7
387,8
£
Finance:
Federal Reserve bank credit, total,*
.do....
777
Federal Reserve reporting member banks in leading cities:
Bond yields, domestic corporate (Moody1 sj jj/
percent.
Stock prices, £16 stocks {standard and Poor's)., 1935-39=100.
-ao 283
8,362
125
3.17
186.0
202.4
Production:
Steel $/
•....
1935-39^100.
1,408
6,957
106,380
5.784
216.5
573
291
1.781
6,905
168,758
5,855
220.6
7A1
375
Data do not always cover calendar weeks, g/ Thursday prices. %/ Daily averages. £/ No quotation.
7,456
95,410
6,265
234.1
734
369
101,093
232,9
£/ Week ending February 23, 234.1*
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of the Survey
and the 1951 Statistical Supplement
1950
December
1952
1951
January
October
Norembor
December
January
COMMODITY FRIGES
Wholesale prices of selected commoditiess
Butter, 92-acore (New York)..«.*»*«...«»..••••*dol* per lb.»
0*664
Eggs, extras, large (Chicago)*••»•«»••**»»*».dol* per doz*.
*577
Grains and grain productss
Corn, weighted average, 5 markets*.,*..«..,.dol. per bu..
1*557
Wheat, weighted average? 6 markets*.««««...,.««»*..do*«»*
2*355
Livestock and meats:
Beef steers (Chicago)
*.dol. per 100 lb..
33*03
Hogs, all grades (Chicago),«*»•*•****.•••««
...do.,,,
18*52
Beef, fresh, steer carcasses, good (N.Y.)..*dol, per lb,,
,531
Pork, fresh, loins, 8-10 lb. (New York).....<>.••••*do*,••
.414
Metals and manufactures:
Pig iron, composite..„...«..«.•«
dpi. per long ton..
53*19
Steel, composite, finished,,......•««.«.«««.dol« per lb.,
,0461
Copper, electrolytic (Mew York)«..............«.... .do....
.2420
Lead, refined, pig, desilverized (New York),.*.,.,*do*«**
.1700
Zinc, prime, Western (St. Louis).*...*•••*.*,•««•..do*..*
*1750
Wool, raw, territory, fine, scoured (Boston).,.......do.*..
1/2*650
CONSTRUCTION AND REAL ESTATE
Contract awards (Engineering News-Record)s2/
Engineering construction 2/,<•••««****».••*•thous, of dol,« 1,424*619
Construction cost indexes:
American Appraisal Co.: Average, 30 cities......1913=100*«
517
Atlanta........
do....
543
New York
,
.do...,
536
San Francisco.,*...««*«*.•«•
*o.***
•••**do.**0
4-77
St. Louis
*
do....
504
Associated General Contractors (all types).
, ;.**do,...
371
Engineering News-Record:^/
Building... o
do....
391.8
Construction. ..„«...„*
.«,
.do....
530.7
EMPLOYMENT AND WAGES
Employees in nonagricultural establishments:
Total, unadjusted................
*..«.«..*«thousands..
46,595
Manufacturing
,
«..do....
15,789
Mining.,.
do.***
937
Contract construction...............
*
do....
2,403
Transportation and public utilities................do.*..
4,125
Trade*..
„
**
.,
.....do*...
10,443
Finance.*.•.••....*.•,
*«....».*«.«
..***do**«* j 1,828
Service..
..........do....
4,694
Government.«•»»«.««.««*«.9..,................
.do....
6,376
Production workers in manufacturing industries, total*.do..«•
13,056
Durable-goods industries.....
...*..*....••••••do*...
7,254
Ordnance and accessories.*.....«.«*».».
»
.do..««
24
Lumber and wood products (except furniture)•«...,..do***.
754
Ftarniture and fixtures.«<,«,<,«..**
.*••«••••*..*do«...
326
Stone, clay, and glass products....«*».....««*.«>«.• do....
474
Primary metal Industries......
«
do.*..
1,142
Fabricated metal products £/••••*•*•«••••»••««••••*do.,..
852
Machinery (except electrical).
.«...,•..
.do....
1,163
Electrical machinery,..........«..*.,«.....«
do,...
724
Transportation equipment....**.«*••••..*«.«.«.«*••*do.* * *
1.160
Instruments and related products*.«..*....**.......do*.**
211
Miscellaneous manufacturing industries.............do....
424
Nondurable-goods industries.*.....*......*
do...*
5,802
Pood and kindred products
*«....»
...do....
1,155
Tobacco manufactures,....«*.«.«*.......««*»*******.do....
83
Textile-raill products
..••....*
do...*
1,258
Apparel and other finished textile products........do....
1,064
Paper and allied products......
do....
428
Printing, publishing, and allied industries.
do....
518
Chemicals and allied products
...do*...
524
Products of petroleum and coal. ««..«««..«.«..«.«'•.« .do..».
191
Rubber products................
*«*.*.do«.4.
222
Leather and leather products.......................do....
359
Manufacturing production-worker employment index, unadjusted
(U. S. Department of Labor)...*...,.
1939=100*.
159*4
Manufacturing production-worker payroll index, unadjusted
(U. S. Department of Labor)
.....1939=100..
426.0
Hours and earnings:
Average weekly hours per worker, all manufacturing..hours..
41.4
Durable-goods industries,?....„,......**..*,,
«.do...*
42.2
Ordnance and accessories.«.,...».*.....««,*«.,«..«do.«.«
4-2*5
lumber and wood products (except furniture)......do....
41.4
Furniture and fixtures....».*.«*.»«.«..*....„....-do....
42*3
Stone, clay, and glass products.*.*
».,„
do.,..
42.2
Primary metal industries
«««.«....»...*.do...*
42.3
Fabricated metal products £/
do....
42.4
Machinery (except electrical),
....**•*...do....
43.7
0.698
0*707
,669
0.740
.,664
0*791
.4%
0*603
.425
1*595
2*414
1*709
2.404
1*680
2,472
1*699
2*488
1*597
34.10
20.37
36.75
20.09
.533
,430
.601
.557
36,29
18.30
*599
.460
34-59
17,74
*579
53.58
.0468
.2420
53.67
.0473.
.2420
53.67
.0471
.1700
.1750
.1900
.1950
1/3.340
3/1*980
.1900
*1950
1/1*962
53.67
*0471
.2420
.1900
*1950
J/L.850
1/1.820
1,024,775
829,173
1,196,000
539
573
548
494
533
380
542
581
549
497
535
360
405.6
547.8
406*1
549.3
1,266,8% j 1,026,973.
523
550
541
484
521
374
538
562
548
495
379
5r
538
562
548
494
532
378
397*0
536*7
404.5
547,2
405.6
547.7
45,246
15,784
932
2,231
4.072
9,592
1,831
4,666
6,088
13,018
7,256
25
739
321
473
1,U9
847
1,192
711
1,175
211
413
5,762
1,120
80
1,257
1,070
423
510
526
190
222
364
r46,843
r!5,%5
r9!7
r2,76l
r4,!66
r9,893
rl,898
4,770
6,532
12,997
r7,2%
47
r740
289
r479
rl,160
809
1,242
r707
rl,205
r228
r390
r5,701
rl,254
89
1,133
1,019
r413
r517
r!97
215
320
r2,627
r4,!63
rlO,0%
rl,905
r4,733
6,497
r 12, 907
r7,324
50
r722
294
472
rl,151
804
1,255
r717
rl,242
230
r387
r5,583
rl,!62
85
.1,133
rl,004
r410
r518
r54l
198
r2!6
316
r!5,90B
r9l7
r2,519
r4,152
rlO,630
rl,910
r4,702
6,831
r12,906
r7,323
53.67
.0471
.2420
.1900
.1950
P45,955
p!5,755
p911
P2,319
p4,087
p9,792
P6,509
pl2,750
P7,275
P52
p666
p292
r231
r380
r5,583
rl,!25
P451
p!L,l67
p801
pl,273
$726
pl,244
P230
P373
P5,475
pl,060
r84
P79
rl,142
rl,029
r409
Pl,134
pl,C15
P403
519
538
r!97
r217
P514
P194
P215
r323
P325
P155.6
r!57.6
r!57*5
424.0
434*2
r433«9
444*1
41.0
41.5
42*0
40*5
41*8
41.6
41.6
41.8
43.4
40.5
41.7
r44.0
ra.3
41*4
40.5
rU.4
r43*6
r40,5
41.2
40.9
r41.2
r41.4
43.1
41.2
r42*2
r44*6
r40.5
r42.2
a.7
34*25
17,42
.571
433
r51
158.7
43*4
2.471
r698
r294
r465
rl,165
r607
rl,270
r724
pl,238
158.9
r41*2
.3%
41.2
r42.1
42.4
P536
P41*7
P40*5
P42.4
P41.8
P43.5
r/ Revised. £/ Preliminary. \/ Nominal price. 2/ Data for November 1951 and January 1952 are for 5 veeks; other aonths, 4 weeks.
2/ Data reported at the beginning of each month are shown here for the previous month. £/ E&eept ordnance, machinery, and transportation
equiproent.
MONTHLY BUSINESS STATISTICS — Continued
Earlier data are available in monthly issues of the Survey
and the 1951 Statistical Supplement
1950
December
1952
1951
January
October
November
December
January
EMPLOYMENT AND WAGES - Continued
Hours and earnings - Continued
Average weekly hours per worker, manufacturing - Continued
Durable-goods industries - Continued
Electrical machinery. . » . . . « « , « . » . « » * « «
»hours« .
Miscellaneous manufacturing industries...,.
do....
Apparel and other finished textile products...... do**..
Printing, publishing, and allied industries...... do....
41.9
41.4
42 .6
41.7
40.5
42*3
38.9
40.8
36.5
44.5
39.8
42.1
41.4
ala
a.3
40.2
41.8
38.7
40.6
36.9
43.8
38.9
42,0
a*o
a.2
Average weekly earnings, all manufacturing...» 9 «». dollars..
Lumber and wood products (except furniture )...... do **«<»
Primary metal industries , « . « « « « o « « » , * » * < > . «««e... .do. ...
Apparsl and other finished textile products. .....do,...
Printing, publishing, and allied industries.... ..do....
Leather and leather products.............. ».».«.« do*,..
Average hourly earnings, all manufacturing,.....,.. **do s o .«
Lumber and wood products (except furniture)...... do..,.
Miscellaneous manufacturing industries......
do,...
Apparel and other finished textile products
do....
Printing, publishing, and allied industries...... do....
41.6
38.3
6^.88
68.32
68o34
57.59
56.77
63.60
74.36
68.26
74. 20
65.15
75,18
66,75
57.50
58.44
59.85
43.72
53.57
45.88
66.44
76.42
66.43
78,32
68,76
47,26
1.54-3
1.619
1.608
1.391
1.342
1.507
1.758
1.610
1,698
1.555
1.816
1.567
1.379
1.443
1.415
1.124
1.313
1.257
1.493
1.920
1.57S
1.901
1.653
1.234
40.4
38.7
63.76
67.65
69.55
55.73
56,93
63.48
74.42
67.80
74.47
72 1 06
65.79
57,37
58.53
60.11
44.12
53.59
47.42
65.%
74.22
66.99
79.58
66,78
48.30
1*555
1.630
1.656
1.376
1.362
1.526
1,789
1.622
1.716
1.556
1.806
1.574
1.389
1.456
1.438
l.UO
1.320
1.285
1.506
1.908
1.595
1.941
1.653
1.243
pa. 5
r41.7
P40.8
r40.6
38.9
42.0
r39.7
37.2
r34.6
r42.5
38.6
r4ol6
39.2
42.0
r39.4
37.8
r35.5
P40.9
P40.3
35.4
r65.a
r71.10
r75.50
r4ol6
P40.8
a.s
r58l79
r65.93
r74.82
r70,39
P77.86
68,27
P77.14
r70*26
rf>8.18
58,00
r6l.9l
r45.30
49.29
P4-3.70
rf-5.32
P76.27
r68018
pSl.72
r63.67
r45.31
1.615
rl.705
1.716
1.509
rl.420
rl.581
rl.816
rl.688
rl.794
rl.645
rl.885
rl.661
rl.433
1.491
rl.474
rl.ia
1.325
1.263
rl.537
rl.976
rl.631
rl.998
rl.704
rl.280
r38l7
65^81
r70.84
P75.25
r60.79
r59.12
r65.03
r74.94
r69.92
r77.45
68.76
P77.19
P70.56
r58.71
59.04
r63.17
r46.22
P50.50
r45.05
r65.55
r76.97
68.80
rSl.OO
r70.05
r46.04
1.625
rl.711
1.726
1.501
rl.435
rl.59.0
rl.819
rl.689
rl.797
rl.649
rl.892
rl.668
rl.446
1.506
rlo504
pl.173
rl.336
rl.269
rl.546
rl.989
1.646
1.995
rl.717
rl.286
ral6
r42.3
ra.4
r39.9
r42.4
r39*6
r39.3
.36.2
r42.9
39.5
p/,1.9
pa.4
•1.7
P4Q*9
*39.5
P38"l4
P36a
P42.5
P38.9
F40.B
r41*3
pa.5
67.36
r72.63
r76.80
r59.37
p6l,02
r65.47
r77.30
p?' .08
P75I97
P54»90
P59.82
p64.52
/9ll6
.' 70.98
.60.61
r-60.45
: £4.07
r66l3S
P79.67
r69.39
r82.a
r74.01
r48.78
1.635
pl.721
rl.722
rl.466
rl.446
rl.589
rl.836
rl.700
pl.817
rl.655
pl.903
rl.678
rl.464
pl.515
P1.5U
rl.178
rl.3a
rl.279
rl.559
r2.017
rl.656
r2.005
rl.792
rl.287
p7l!l4
P79.39
j/70.47
p60,00
p60.!6
p63.62
P44.74
p66.30
p6Bi60
P83.27
p76.6l
P49.16
pl!72J
pi. 713.
pl.404
pl.44v
pi.;
pl.B4;
pl.702
pl.825
pl.670
pi. 690
pl.467
pl.523
pi. 522
pl.165
pl.346
pl.289
pi. 560
P2.009
pl.661
pll&46
pl.287
FINANCE
Life insurance, all companies (institute of Life Insurance):
Bonds :
Yields :
Public utility.
....do....
125,435
52,590
72,845
123,224
48,207
75,017
r!23,770
47,971
r75,799
rl!7,230
44,802
r72,428
129,549
53,500
76,049
63,688
57,244
64,2%
57,592
67,181
60,347
67,476
60, 5U
67,983
60,919
2.88
2.67
2.72
2.91
3.20
2.70
2.87
3.07
2.86
2.66
2.71
2.89
3.17
2.69
2.85
3.03
3.13
2.89
2.93
3.18
3.50
2.93
3.14
3o31
3.20
2.%
3.02
3.26
3.56
2.97
3.21
3.A2
3.25
3.01
3.06
3.31
3.61
3.00
3.24
p/ Revised^ jg/ Preliminary. \/ Except ordnance, machinery, and transportation equipment.
3.50
123,059
48,106
74,953
3.24
2.98
3.05
3.32
3.59
3.00
3.23
-*./ft
MONTHLY BUSINESS STATISTICS —Continued
Farlier data are available in monthly issues of the Survey
and the 1951 Statistical Supplement
1<>51
1950
December
January
October
November
December
1952
January
FINANCE - Continued
Stocks :
Dividends per share, annual rate:
4.06
4.44
1.85
2.47
2.61
2«71
4.11
4.49
1.85
2.54
2.65
2.71
4.09
4.43
1.90
2.55
2.63
2.73
3.92
4.19
1.90
2.58
2.63
2.73
3.88
4.13
1.90
2.55
2.64
2.84
3.92
4.18
1 90
?«55
2.64
2.84
6.57
6.89
6«00
6.03
4. 71
3.43
6.32
6.58
5.81
5.73
4.73
3.52
6.02
6.15
5.77
6.41
4.77
q
«44
5.78
5.86
5.71
6.45
4.64
3.47
5o55
5.56
5.61
6.38
4.45
3.47
5.53
5.57
5.*^2
6.03
4.41
3o38
3,630
742
75
218
256
49
%
380
1,814
140
129
194
162
158
72
199
52
151
3,009
632
64
187
214
38
68
308
1,498
U6
133
199
170
153
69
243
52
158
3,478
653
64
189
219
73
312
304
1,664
135
134
206
144
154
83
180
46
"•Vi
3,155
642
66
175
210
51
202
285
1,524
137
140
218
152
159
70
180
46
1/i/j
3,522
760
82
198
240
46
118
331
1,747
133
127
206
W»
U3
68
235
44.
H?
2,828
6?7
66
165
197
34
70
263
1,405
HI
133
203
155
146
67
256
46
151
6,258
956
975
14,798
8,998
4,989
5,677
705
1,138
19,267
12,006
6,528
2,593
86
19
19,045
6,235
10,168
3,375
203
4
8,586
2,459
5,311
7,855
1,456
298
3,889
1,201
2,136
11,255
3,3%
1,859
3,906
1,430
2,014
27,273
28,000
59 'VQ
232, 968
489,932
522,076
230
95,U3
727,203
198,647
12,536
421,099
381,870
39,229
309,943
r22,113
r27,r>51
r222,136
r4%,386
r498,340 ;
rHT
r67,200
r%5,86l .
r234,679
r!3,720
r602,2!8
r548,602
r53,6l4
r302,151
Yields:
Freight carloadings :
TRANSPORTATION
Indexes (Federal Reserve), adjusted, total.... 1935-3^=100..
Freight-ear surplus and shortage, daily average:
FOODSTUFFS
Stocks, cold storage, end of months
Eggs, frozen. ««.«• o*..«..«. ••««« o .0 »•**••••• .thous. of ID..
33,621
105 192
212,493
449,989
425,170
34
47,310
839,565
160,544
10,479
569,265
499,408
69,857
281,972
179,577
431,711
375,269
75
31,157
1,049,207
172,291
10,072
757,328
668,007
89,321
284,623
28,375
6ll
259,415
571,229
554,175
527
121,592
530,637
135,560
9,767
307,599
276,255
^1,3V»
259,920
37,394
33*794
8,230
1,201
16,229
5,000
3.134
JfLJ**
3 097
276
r45,784
r42,l64
rlO,057
rl,251
r21,182
r6,023
r3,651
r%047
277
38,783
32,822
8,755
1,319
15,713
4,321
2.714
5,395
205
34.884
29,462
7,739
1,097
13,711
4,290
2,625
4,930
180
32,227
28,794
7,023
1,068
13,740
4,356
2,607
3,032
176
8,355
98
8,843
100
9,116
103
8,794
103
r8,885
rlOl
9,120
91,218
109,464
121.954
A9.0AQ
86,961
110. 1/J*
108,128
54,883
87,8%
104.148
125,286
78,192
82,617
103,614
1?3,646
68 160
r86,680
98,532
119,577
71,528
83,208
100,269
130,430
60,836
3,336
47.943
4,199
51,470
4,548
51,530
4,016
49,035
r3,512
43,815
3,995
49,650
7*> ^29
%
16,085
i ? &/n
187,358
463,693
W\ » 5°?
244
53,422
1,130,547
250,491
13, 588
746,397
6%, 972
49,425
277,754
LEATHER AND PRODUCTS
Shops
sandal*? and play sho"es» exc. athletic* total. «do..«.
Athletic .......
«•».«••«•••»«»«•••».. •.....••do«««.
METALS AND MANUFACTURES
Steel ingots and steel for castings:
Copper :
Production:
p/QQ
.S/77
PETftOLEUM, COAL, AND PRODUCTS
r/ Revised. I/ Data for Deo* are for 5 weeks} other months, 4 weeks. £/ Based on annual capacity, Jan. 1, 1952, of 108,588,000 tons.
@FedFRASER