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;URVEY OF C U R R E N T BUSINESS WEEKLY SUPPLEMENT UNITED STATES D E P A R T M E N T OF C O M M E R C E BUREAU OF FORE6GN AND DOMESTIC COMMERCE AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS SELECTED FEBRUARY 24, 1950 BUSINESS INDICATORS ELECTRIC POWER PRODUCTION BY UTILITIES STEEL INGOT PRODUCTION (1935-39 = 100) (BILLIONS OF KILOWATT HOURS) WEEKLY DATA \\950 V > - fi p& \r^-^^ 4f* 7 COTTON CONSUMPTION (UNADJUSTED, 1939*100) 400 MONTHLY DATA 40 325 30 250 20 175 1 1 1 i 1 1 1 J LI.L. 1 I I 1 1 1 1 1 1 1 1 -1-L-l-l 1 1 1 1 1 1 1 . ' ' 1 • • 1 1949 WEEKLY %/ MANUFACTURING EMPLOYMENT AND PAY ROLLS (DAILY AVERAGE - THOUSANDS OF BALES) 10 1 ] 4.0 1 1 1 1 i 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 IQOLjLLjJ^L-LiJ-J I I I I M I 1 I I I I I I I I I I I I I I M I I I I I I I I I 1 I I I 1 I I I I I 50 4^\ V 100 BUSINESS STATISTICS1 1949 1950 ITffli Feb. 12 Commodity prices, wholesales All commodities Farm products . F©od».............. . . „. 0X9262100.. .......do.... « do... o All other do... • 28 commodities 2/ » .August 1939*100.. H Cotton middling, 15/l6 , 10 markets £ / . . . . . . . . . d o l . per l b . . Wheat, Ho. 2 9 Hard Winter (Kansas City) dol. per bu.* Department store sales 1935~39»100.. Insured unemployment, total „ „ .thous.. it-at« programs. .do.... 1 Veterans programs. do.— Finances Currency in circulation JjJ mil. of dol.. Federal Eeserve bank credit, total. .do.... Member bank reserve balances .do... • '%G85,s reserves, estimated do.... F©der@l Reserve reporting member banks in leading cities? Bank debits, total mil. of dol.. Hew York City do.... Deposits, demand, adjusted. do...„ Loans and investments, total do.... U. S. Government obligations .do.... Commercial, industrial and agr. loans, gross.... ..do..... Failures, industrial and commercial number«• Bond yields, domestic corporate (Moody* s) 2/ - - -percent Stock prices, 4l6 stocks (Standard and Poor's)...1935-39* 100., Industrials, 365 stocks ....do.... Production: Bituminous coal %J thous. of short tons.. Electric power, by utilities .mil. of kw-hr.. Motor vehicles (Wards) number.. Petroleum, crude %J thous. of bbl.„ steel 4 / . . ...1935-39»100.. Freight carloadings, total .thous. of c a r s . . Miscellaneous. .Odo.... 1/ Data do not always cover calendar weeks. 2/ Thursday p r i c e s . Feb. 19 157-0 163.2 159 -4 151.8 271 -3 *322 2.l4 238 2,544 1,S21 639 158.5 169.5 161.1+ 151.7 272,6 .326 2.20 227 2.5^9 27.562 22,836 Jan. 21 Jan. 28 Feb. 4 Pel). 11 Feb. 18 150.7 153-2 154.5 145.1 249.4 .313 2.24 222 2.590 2.371 65 151.2 155-5 154.6 145.2 347.7 •314 2.21 226 151.6 157.2 156.0 145.1 247.1 .317 2.20 238 152.2 159.2 156.9 145.3 248.0 644 150.9 153-4 155.0 145.2 249.2 .309 2.21 230 2,610 2,391 65 27.499 22,326 19.447 606 27,120 18,3*3 16 .487 909 26,943 18.J00 16,419 840 26,971 18,620 16.532 1,014 27,002 18,146 16,265 817 26,992 18,581 16,400 l.OUl 22,944 9.272 48,245 67.670 38.131 13,861 231 20,704 8.119 48,514 67,818 38.077 13.S71 232 2.83 134.1 141.3 22,286 62,170 33.016 15.294 192 3.00 116.5 121.9 20,852 8,404 46,121 62,011 32,909 15,266 180 3.01 116.1 121.5 21,506 9.494 47.290 67.110 37,354 13.885 195 2.83 137.2 145.0 1.907 .722 104 .990 5.330 206.7 699 339 1,809 5,650 109.475 5.361 206.5 697 344 X3 'fi 19,373 8,050 46,553 %J Daily averages. 2.82 134-9 142-3 1,210 6,041 150,800 4,899 202.9 619 322 9.4J3 47.767 67.267 37.595 13.918 199 2.83 136.1 143.7 1.090 6,062 120,061 4.883 198.8 613 322 1.250 417 5.972 5.971 133.466 118,252 4,893 4,887 195-4 200.5 569 636 329 327 4/ Week ending February 25, I89.6. •3*3 7,489 218 2.83 I36.3 144.0 118,332 *"*193.7 2 MONTHLY BUSINESS Earlier data are available in monthly issues of the Survey and the 1949 S t a t i s t i c a l Supplement STATISTICS 1948 I9U9 December January October November December CONSTRUCTION AND REAL ESTATE Contract awards (Engineering Hews-Becord) s Engineering construction, value 1/ thoue. of dol. Construction cost indexes: American Appraisal Co., average, 30 c i t i e s 1913*100. Atlanta do... Hew York do... San T r a n d s c e . . , . . » * do*. * St. Louis do... Associated General Contractors ( a l l types) do... Engineering Hews-Becord: 2/ Building cost do... Construction cost ( a l l types) .do... DOMESTIC TBADS Mail-order and store s a l e s , t o t a l , 2 companies..thous. of dol. Montgomery Ward & Co .-..do.,. Sears, Boebuck and Co -_... do... 843,5** 565.826 553.*82 589*22* 863,561 501 532 502 532 520 484 505 492 442 471 3*5 484 503 493 442 471 3*5 483 503 493 442 471 3*5 352.8 480.0 353-1 480.3 315.329 112.398 202,931 327.785 115.727 212,059 ,57 491 3*1 & r355-0 *77«* 431,601 190,960 280,641 205,902 66,689 139.213 l.*53 61,375 59.*3* 7.375 52.059 1.941 45,382 15.174 1,002 2,200 4,158 10.273 1,724 ^.757 5.994 12.578 6,84* 720 420 297 451 117 1,101 551 1,468 60,078 57.414 6,763 50,651 2,664 43,449 14,782 991 2,016 4,054 9.388 1.731 4.72"5 5.764 12,201 6.640 667 3«7 284 *36 112 1,090 550 r2,244 r3.891 r9,605 1.767 r4,769 5.783 rll,283 r5.713 17 r692 r4l2 283 411 108 r737 r320 46 46 38 801 131 1.179 64 3 1,0^8 670 186 106 72 196 385 5.733 1.171 247 100 767 117 1.155 623 1.038 665 190 102 72 190 366 5.561 1.097 666 113 434,472 150,420 284,053 EMPLOYMENT Labor force (Bureau of the Census) J Armed forces thousands. Civilian labor force.; i«'V .....do... Employment do.. • Agricultural » do.... Nonagricultural • .do... Unemployment do... Employees in nonagr• establishments, unadj., total *....do... Manufacturing * .do... Mining do... Contract construction * .do... Transportation and public utilities do... Trade do... Finance do... Service do... Government do... Production workers in mfg. Industries, total do... Durable-goods industries do... Ordnance and accessories do.. * Lumber and wood products (except furniture) do... Sawmills and planing mills do... furniture and fixtures* do... Stone, clay, and glass products do... Glass and glass products do... Primary metal industries do... Blast furnaces, steel works, and rolling mills., .do... Primary smelting and refining of nonferrous metals thousands, fabricated metal products (except ordnance, machinery and transportation equipment) thousands. Heating apparatus and plumbers' supplies %J..... .do... Machinery, except electrical do... Electrical machinery do.., Transportation equipment ..... do... Automobiles do... Aircraft and parts .do... Ship and: boat building and repair*,...... -. do... Bailroad equipment ,. .do <.. Instruments and related products .. do... Miscellaneous manufacturing industries do... Nondurable-goods industries ...... .do. •. 7ood and kindred products do... Meat products..... do... Dairy products do... Canning and preserving . .do... Bakery products. .do... Beverages. .do... Tobacco manufactures.... ; do... Textile-mill products. do... Broad-woven fabric m i l l s . .do... Knitting m i l l s ...... do... Apparel and other finished t e x t i l e products ...do... 1 Men* a and boys suits and coats .do... Men's and boys 1 furnishings and work c l o t h i n g . . . . d o . . . Women's outerwear..... do... Paper and a l l i e d products. do... Pulp, paper, and paperboard mills .do... Printing, publishing, and a l l i e d industries do... Newspapers. ......do... Commercial printing do.. * Chemicals and a l l i e d products...» „do... Industrial organic chemical*. do.. • Drugs and medicines do... Paints, pigments, and f i l l e r s ..do... s 14J 196 157 1.23S 607 220 1,040 135 236 409 210 509 139 170 526 I65 60 46 240 99 118 190 146 90 1,200 590 212 1.015 135 $ 39« 208 500 >36" 169 5J9 163 62 .45 62,576 l.*3* 62,927 59.518 7,878 51.640 3,409 r42,772 rl3,800 90S rl.273 236 rl. r546 r898 r582 rl84 72 r50 174 381 r5.570 rl,184 2*3 99 rl59 194 146 rl,184 572 230 rl.OjO 120 r251 279 393 201 % I65 485 143 62 44 62,045 58,556 6.773 51.783 3.*89 r*3,695 rl4,0$4 r936 r2,091 3.935 rl0,i30 rl,770 r4,738 r6,041 11.513 r5.965 17 r684 404 r?89 r4l3 107 «953 505 41 r688 112 P931 r556 r898 585 I85 69 50 r363 r5,5*8 rl.138 252 96 135 I89 1*1 rS6 rl.187 57* 227 rl,045 129 248 296 r390 200 r502 1*7 168 r4S4 1*4 $2 44 Bevised. c/ Corrected., jj Preliminary. 1/ Data* for December 1948 and December 1949 are for 5 weeks; other months, 4 weeks. Digitized W for FRASER 2/ Data, reported at the beginning of each month, are shown here for the previous month. 3/ Bbcceot e l e c t r i c a l heatin* apBarstue. MONTHLY BUSINESS Earlier data are available In monthly issues of the Surrey and the 1949 S t a t i s t i c a l Supplement 3 S T A T I S T I C S — Continued 194S December 19**9 January October November December BfPLOZMSHI - Continued Production workers in manufacturing industries Continued Kondurable-goods industries - Continued Products of petroleum and c o a l . . . . thousands. Petroleum refining.. do... Rubber products •• •• • • -do-• • Tires and inner tubes * do... Leather and leather products* . •. do... Footwear ( except rubber) do... Manufacturing production-worker employment index, totals Unadjusted (U. 3. Department of labor) 1939*100. Adjusted (Federal Reserve) do... Manufacturing production-worker payroll index, unadjusted (U. S. Department of Labor) 1939-100. FIEAHGB federal Government finances Receipts, Treasury, total mil. of dol. Receipts, net...; do... Customs do... Income taxes do... Employment taxes. • • do... Miscellaneous internal revenue .do... Expenditures, total do... Interest on debt. • do. • National defense and related activities do... FOREIGN SRABB Imports, including reexports, total do... S p o r t s of U. S. merchandise, total .do... By economic classes? Crude materials thous. of dol. Crude foodstuffs do... Manufactured foodstuffs and beverages do... Semimanufactures do... Finished manufactures do.•. By principal commodities! Agricultural products, total do. • • Cotton, unmanufactured do. •. drains and preparations. do. • • £ onagri cultural products, total do... Automobiles, parts, and accessories do.., Chemicals and related products do.• • Iron and steel-mill products do. •. Machinery, total do... Petroleum and products do... Textiles and manufactures do... General imports, total do.. • Imports for consumption, total do... By economic classes! Crude materials do... Crude foodstuffs do •.. Manufactured foodstuffs and beverages do... Semimanufactures do.. • Finished manufactures do.. • By principal commodities* Agricultural products, total • -. .do... Coffee do... Rubber, crude, including Guayule. do... Sugar do... Wool and mohair, unmanufactured do... Ronagricultural products, total do. •. Konfcrrous ores, metals, and manufactures do... Paper base stocks do... Hevsprlnt do... Petroleum and products do... ZRAVSPOflSATIOH Freight carloadlnge, F.R.B. combined index.adj.. 1935-39*100.. Coal. .do. Coke do. Forest products do. drains and grain products do. Livestock do. Ore do. Merchandise, l . c . l . . . . . . . . . . . «GuO . Miscellaneous .dO. 189 149 206 st 228 187 149 201 91 354 233 I85 148 rl87 81 349 224 187 148 rl87 81 332 r209 rl85 146 rl87 82 r3»*4 225 138.8 136.6 rl37-7 r!36.4 rl40.5 rl39-2 153-5 152-1 148 149 360.7 345.9 r320.9 r3i5.5 331.7 4,062 4,014 3.675 3.579 1.993 1,881 ^,255 3.042 2.762 702 3.603 1,112 1,017 638 2,968 319 1,043 1,060 65 753 3.111 255 959 2.727 2,344 37 1.489 356 722 3.127 306 1,024 1,317 rl.305 1,104 1,092 r850 r844 836 r829 183.943 116,619 rl22,647 rl28,86l r753.<*5 rl4l,425 120,725 r94,553 rl27,648 r607,721 r324,6l6 68,883 rl40,481 r767,456 72,015 rb4,270 r66,005 r209,911 55,443 71,507 590,188 r578,917 181,419 109,622 r50,369 rl27,993 rl09,5l4 rl33,7S4 r83,982 '63.495 rS6,786 r475.791 130,476 r94,245 59,198 r83,64o r46l,l28 171,884 91,834 63,826 101,143 505.362 r26o,071 69,358 93, HI r5»3,768 rg/53.359 58.397 r37.768 >2/l75.995 r42,6§4 r49,874 r5?9,100 r56l,906 r258,919 71,704 r99,324 299.853 106,050 104,866 3*3.597 91,623 142,622 r921,518 90,166 85.121 69.374 239.944 56.770 91,397 719.7^8 704,140 201,472 145.151* 63,862 165,627 127,945 2° ? 313.886 85,764 37.862 a,003 1*.531 390,243 88,028 22,562 39.081 43.907 r252,273 71,555 27,669 rl9,842 137 131 192 131 130 189 129 125 79 175 60 141 $ 85 201 62 148 r326*,644 r74.55* 17.869 35.^2 44,004 rl6o,669 rll0,520 r64,824 rl21,122 rl04,770 r242,027 65,812 15,892 29.276 22.472 r3l9.879 59,711 19,132 37.498 r46 v 281 Si >S 153 «5 28 5* 111 r569.767 2/U4.441 r62,l75 26,227 2/169,082 r43|864 r593.720 r592,542 4,191 35 : 3,214 139 720 3,722 1,008 1,069 634,197 2/4l,l«j4 67,047 48,866 2/202,808 40,419 49,591 605,000 595,065 rl54,772 rl39.790 61,783 rl29.863 rio6,334 r271,078 r77.582 22.339 23.758 22.138 r321.464 r56,4ll r24,318 35.735 r43,429 162,817 152,994 41,386 133.963 103,964 117 115 97 148 13* 131 72 146 52 127 13 J 96 137 152 7425 5* 119 272,295 105,684 22,631 6,827 26,053 322,770 53.588 20,868 ?8,921 48,576 F0QD8TOTFS Grains, receipts J Barley thous. of bu. 11,300 11.003 6,820 8.3?3 9.015 Corn do... 45.269 3*.281 33.364 43.947 58,975 Oats...: do... 9,335 9.321 7.163 5.953 5.**6o Sye do... 735 1.858 2.194 5^ tfheat do... 24,* 296 17.9S3 27.586 30.397 18,492 r/ Revised. n/ Preliminary, 1 / Excludes war assets expenditures. 2/ See note on corresponding item in the February 1950 Survey. 4 MONTHLY Earlier de/ BUSINESS ST A T 1ST ICS — Continued 1948 a?* available in monthly issues of the Survey vd the 19^9 S t a t i s t i c a l Supplement December 1949 January October November December 2FQ0DSTUFFS - Continued Stocks, cold storage, end of months Apples, f r e s h . . . . . . . . Butter, creamery, • • . . . • • • . . . 35.224 144,819 209,515 342,565 387,681 501 96,382 408,728 78,763 8,222 248,007 209,687 3*.320 33,*05 130,452 196,125 326.93* 383.658 250 72,556 532,317 103,582 10,53* 337.013 297,205 39,808 r25,667 rll3,993 rl8S,653 r300,U09 r371,003 rllO r53.902 r798,799 rl36,903 r!3,8ll *5*7,736 r*73.7*l r73.995| 58,081 38.863 160,834 12,971 18,737 135,110 317,695 262,047 152 71.532 1,049,161 170,7^4 22,466 745.825 585,215 160,610 64,021 46,065 148,418 47,642 26,094 211,517 51,174 30,014 267,508 r62,l63 r38,l86 ^292,513 I 35.508 31.639 8,901 1.319 13.875 *,520 3.024 3.357 271 24l 36,921 3*, 327 8,677 1,181 16,485 4,829 3.155 2,177 236 181 38,80S 31,225 8,249 1,608 14,818 3,9*1 2,609 6,379 304 300 r33,490 r26,850 r7,205 1,131 rl2,211 r3,736 r2,567 r6,l49 r266 225 34,141 30,053 8,05 1,274 13,289 4,316 3,141 3.653 222 213 64,451 96,U7 102,292 96,080 69.^38 78,298 94,070 91,053 69,052 86,882 108,192 164,464 rSO,59S r92,602 rll7.133 rl39.199 80,390 9^,947 107,662 116,027 76,696 75.332 67.996 20.S4S 75,815 76,234 62,614 20,429 64,399 51.761 43,998 r97,666 65,055 73,702 63,859 89,019 rjl.327 r66,125 r57.80l r94,22l Production, total, all grades.. .do... rl.017.552 Bleached sulphate »d©... rl02,755 Unbleached sulphate do... *369.018 Bleached sulphite o....do... rl46,122 Unbleached sulphite. .do.. * r69,435 r4l,24S Soda „...............„„...<,.-................ .do... Gvoundwood..................., • •«.... ............ *-.>•.. -do... rl84,723 Deflbratede ?sg>loded, etc *........ .do... 56,692 104,126 Stocks, end of month, total, all grades. .do... Bleached sulphate. • .do... 11,192 Unbleached sulphate,...........•••••.•••••••...•...do... 1*.535 Bleached sulphite.•.•.••......••.••.••••••.........do... 21.713 Unbleached sulphite. .do... 16,852 1,146,345 128,507 445,225 n.136,393 rl28,U43 r436,025 165.553 63,043 42,506 rl69,Ji3 2,880 28,186 1,117,375 118,96§ 428,796 158,635 70,482 42,328 177,719 63,973 115,577 12,582 16,842 24,7*4 19,356 3.088 29,942 167,395 76,925 114,948 12,047 8,445 33,351 19,808 3,364 27,%2 r59,b01 r43,34l ^165,969 76,907 rll4,018 12,896 r8,355 32,412 r!9,436 2,992 r27,634 1,076,196 117,002 404,018 162,468 55,958 42,167 168,344 73,261 98,610 9,240 7.331 25,621 15.23* 2,099 29,*90 675,*66 674,283 725,602 771.833 73*,013 22,043 20,776 9,102 22,186 20,927 8,940 376 8,425 112.0 21,450 20,215 9.. " 21,557 30,31* 10,021 429 9,442 124.8 21,476 20,241 9,781 419 9,206 1A.7 thous. of bu.. thous. of l b . . Ghees®, total......... do.... Fruit®, frozen.... do.... Vegetables, froaen. do...« Eggs* shell. .. thous. of cases.. Hggs, froaen... thous. of lb.« Total meats • do Beef and veal .'• • do.... Lamb and mutton. do..., Pork, total. do Fresh and cured .do.... Lard . » do Miscellaneous meats and meat products: Edible offal .... .do Canned meats and ^sausage and sausage room prod*, .do... Poultry.. ,..".••...•-• ....do..., 17,813 33.615 148,100 335.9*0 281,825 » 159 10^,932 879,284 170,581 26,209 S5.550 69.153 116,397 s LEA3HER MD PRODUCES gh©<s© and slippers, production,, total ..thous. of pair®.. Shoes, sandals, and play shoes, exc. athletic,total.*do.... Men - s. •.......«..... o.......« .do Youth 1 s sand boy©6 Women * s . . o . . . . . . . . . . . . . . <M i s s e s ' ©ad c h i l d r e n ' s . . . . . . . . , Infant* & and babies! . . . . . . . . . n . Slipgsers for housewe&r- . . . • • • . . . . Athl--f'fi 'i-2 J u * do..., .do..., ..do...* d o . • •< do..., ........i».••»...••....••..................do.. •• Oths? footwear do,.., MESALS A2ID MAHOTAC TURES Coppers Production? Mine or smelter short tons. Refinery.. • •• • ..do... Deliveries, refined, domestic. do... Stocks, refined, end of month.. do... Zinc,, slab; Production.• . • • * „ • • • • • • • • • . * „. a»* „. „.do...., ghlpnents, total*".. •••••.•••-•••.•••.... do..,» DeKeefci??., .• . . . . ^ . . *........ o y do*... ' stocks, and of.month.' ; • ' • . - . . « • • • • - • • • . . . . . . . . . . . . .do PtHHP, PiPER, AMD PRM!XN& *m®& pulp? SCCl®. . . . . o . j v o . . . O . . . . . . O . O . . • • • • • • • I ' * ftrouudvood « . • * • « « . . * . » « • « » • • » d O . . o „ * * *. *. . d o . . . 9SXSXUB PHODOCSS Don mswpfci a . , , , . , . , . .bales • Ma:ouiTaifcui?©aP i£pisA&X$f a c t i v i t y (eotton syst@m spindles) I A*t*.lve arpindlea, Last working day, t o t a l . . . . . . thousands. 0i.'ji3i«Bing 100 percent eotton. • • « , . . . • • . • • • . . . . . . . . d o . . 0 Spindle hours operated, a l l fibers, t o t a l . . . . . m i l . of hr. i^er^ge per spindle in p l a c e . • • • . • • • • • . • • • . • • • • . h o u r s . Consuming 100 percent c o t t o n . . . . . . . . . . . . . . . m i l . of hr. Operations as percent of capacity. «,»........... tj fieri a ed. 5?? 8,5^4 104.1 8,978 123.3
@FedFRASER