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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC COMMERCE
FEBRUARY
M
. 1947
SELECTED BUSINESS INDICATORS
ELECTRIC POWER PRODUCTION
STEEL INGOT PRODUCTION
tms-Mxoo)
CRUDE OIL RUNS-TO-STILLS
(HU.KMS Or KIUXOTT HOURS)
(MILLIONS OF BARRELS-DAILY AVCRAOI)
5.«
5.8
4.8
4.4
J*"
y\ /"N/*A
<^urC'w x j ^ ^ V h A .
J
/
fe£^ \>w
MBUS/ESSI.
1
4.0
INDUSTRIAL PRODUCTION
HOURLY EARNINGS AND HOURS IN MANUFACTURING
(SEASONALLY ADJUSTED, I935-99«<00)
1944
1945
1947
1946
{945
WEEKLY BUSINESS STATISTICS^
1946
w
Feb. l g | F e b .
Commodity prices, vheljsalpt
All comnoaitie* 2 /
IgZCmlOO.
farm products
do..«
Food
do...
A l l ctaer £>....,
do...
28 commodlti** }J
....August 1339x100.
315.2
Cotton, midaling, 1 5 / l 6 9 t 1 0 markets 4 /
•337
d o l . jer lit.
*heot, ita.e., £d.Vin.(K.C.)....dol. p e r bu.
Department atore sala*
l^y-;.3=100,
insured unemployment, total 6/...«
thou*.
. State prOfl.-4'iJB«
do...
Veterais* programs.
uo,.,
Finance?
jtfank cooits, member banks In 10^ ci'.lau:
lotal
n i l . cf . i d .
Jfcw York Uity
do...
7,767
28^282
CurrdnAy Is circaiftt.iori H/
.Uo....
? « r t i Seff*r»-.: >ask credit, total
Ao»,o
i
1^3.1
168.9
I6O.9
128.11
309.2
HUL.7
165.5^
156.71
128.1
310.0
•332
2.22
2*7
-326
2.17
219
?,300
1,106
1*115
1 2 . 8 5 5 IT,im
7.817
5.236
28,346! 2 8 , 3 0 1
24,63«| 24,050
( g e t . 2 2 {Feb. 3Lgj F e b . 8 { F e b . g g j Fob., l 5
l6
Finance - Continued.
Mentor bank r e s e r v e b a l a n c e r . . . . m i l , o f d o l . ,
ZXMSS reserves, estimated......
do...,
Federal Reserve r e p o r t i n g member bonks:
108.3! 108.(
101.:
JDepoelts, demand, a d j u s t e d . . . m i l . o f d o l . , 38.75?
JOl.l
1/8.41
Loans and i n v e s t m e n t s , t o t a l
do...,
188.2
55. U "
U . S . Government o b l i g a t i o n s j / . . . . d o . . . ' ,
.260
.261
Commer., I n d u s . , and a g r . , l o a n * . . d o . . . ,
1.69
F a i l u r e s , commercial
number*.
213
Bond yields (Moody's)
.percent., 10,648
*2"7B
3.568
Stock prices (402 stocks)
1935-39-100.,
3.3f7
128.5
1.907
1,86? Production!
l.ollj
Bituminous
coal
4/.,..thoue.
of
rtort
tons.
1,^77
XLeetric power
ail. of ky-fcr.,
Motor venides (Varde) 8/..
number., 102,09*j
16,862 1 3 . 1 4 0
Petroleum 4/
.....thous. of WL»,
8.203
5.053
Steel 2/
1935-39*100.,
27.9*5 27.958 Freight csrloadings, total...>thousu of care.,
23.787 ? 3 . 9 3 3 |
Mi scellaneous
do. ..,
107 M
1946
19»7
Foi>. 23! Feb.
15
M>7.i
m.(
'SI
Awl
16,095 15.»»90
950
7?8|
15*693
l,l4&
39.127
55.300
35.150
10.6TJ
39,»f» 27.687!
55.567 &.182
35.592j 49.586
7.386
10.573
18,
2.77
2.67
140.5
129.7
37.5*2
67.9*3
49.489
7,361
2.78
131.3
2.67
144.6
2,104
2,011
3.923
21,555
19 t 4l0
H,710
U,71»
3JD,9
30.0
70?
723
346
?S7
30?
r
Thursday p r i c e s . 4 / D a i l y o r o r a g e . 5 / 8 0 q u o t a t i o n . 6 / S a t a from Federal S e c u r i t y
,S. and C«aada and i n c l u d e pfteseojtw c s r e , c o a a e r c i a l c o r o , and t r u c * s .
i&5|
1/ P*x* •«"> rot always cc-tfr calendar weeks. 2 / See n o t e i n January 1 1 , 1947 i s s u e .
X.:«r.oj> **e not* In Jul;' r 5 j 1946 Issue. 2 / S t r e e t And g u a r a n t e e d . 8 / B*t& a r e f o r
£/ March 1, 18^ . 0 .
15.994
738
2,050
4.SC1
89*958
^.770
I83.1
2,05s
4.77K
97,276
>».758
I63.7
800
MONTHLY BUSINESS STATISTICS
Earlier d^ta are available in nuntftly iffffue*
of tne duwey and tno 194;? iDu^plenent
1946
1947
January
January
Serlier dat» are available in nonthly issues
of the Srxcey and th« 1942 Supplement
Horember December
Business mmz
0/ frolininary,
January
Kovember] Secenbe:
BUSIXSSS XKDBQB& - Continued
l a a u s t r l a l p r o d u c t i o n (Federal Jieservei*
Vnadjueted, combined index
1935-.59" 1 0 0 . . j
• Manufactures
do...
fiurabls aaoufaosureo
do«>.
Iron end s t e e l
no...,
Uuiber ar.d products
do. . .
Furniture
,
do...
Lumber
do...
Machinery. • • > . • < « . . . . .
....ao*..,
8%onet c l a y , and s l a n t p r « d u c t * . d o , - .
Clay prodwct*
,,.ao...
Cranaporcai ion equip-aent^
do...
Auiosot>ilt»s 1 / •
do...
Vondurtt »le manxifac t a r e *
do. • •
Chemicals
do...
Inaustfial chemicals..
do...,}
Leatner aod products*
do.
Leataer tanning
do... 4
5noe«
.do.
Si 4 e v i « e d .
1946
^ 7
January
»/
pltft
P192
pfflL?
Pl9«2
pi'.a?
plbl
pll2
p£75
paoi
pi6i
p£3l
pl82
P172
p250
II
(R)
Data ao*, a v a U a b l w .
S
3.64
102
99
135
40
217
1^3
i;$4
220
107
157
•ssu
117
llr»
118
182
191
213
177
139
157
J.31
271
206
155
235
187
244
411
122
114
128
*173
rl88
r208
*159
129
160
114
r?75
r201
:rl58
-235
137
-pin
j?248
»422
pllO
109
:;110
Industrial production (Federal acserr?) - Con.
Unadjusted - Continued,
Manufactures - Continued.
Hondurablo aanufaAturea - Coniinued.
Maaufaclured food jwod»..1935~J9»100..,
M«ct j/aokJ.ng
do
?rcc*d. fr.i3.ta atd vegetable a.do....
Pr int lug and publi ohie,?.
do....
Hulber products
do....
Seztileo and products
do....
Cot ton consumption
do....
Kayoa deliveries
ao....
Wool textile productioc
do....
Minerals.,
do....
*ttcl«*
do....
Ant'oracite
do....
Bituminous
ao....
Crude petroleum
..do....
Ifetals
do....
Fl-51
p!84
PU7
P135
p2^5
p!74
161
(a)
P139
p!50
pllS
SB
(»>
D»3
9
?
VM
?15
151
138
r235
114
144
60
1 / Znaex &e«me t o o v e r e t o t o current outtjut i n *ho a u t o n o t i v e iacuoxry and i e uwier r e v i s i o n .
137
181
149
S
249
3JS1
«
7.23
lib
1"»
105
rt56
rt75
rlj?
rl64
141
r2^
180
141
IPX
•S
MONTHLY BUSINESS STATISTICS - Continued
Surlier dvta are available in montnly issues
of the Surrey and the 1942 Supplement
1946
1947
January
January
November! December
BUSINESS INDEXES - Continued
Stone, clay,and glass products..do...
Clay products
do...
nondurable aanufactures.
do...
Chemicals
do...
Leather and products
do...
Leather tanning
do...
Manufactured food products
do...
Meat packing
do...
Processed fruits and vegetables
1935-39-100.
Printing and publishing
do...
Minerals
do...
Metals
do...
pl88
P196
p220
pl42
P133
p£l2
P173
P177
P251
W
(a)
PI65
P157
plSl
P139
13
160
163
166
108
95
172
144
161
231*
117
115
15U
131
182
U0|
118
l4l|
107
162
130
136
118
191
213
142
135
202
150
172
243
121
110
I56
I63
COMMODITY PRICES
Wholesale p r i c e s (U.S.Department of Labor):
Combined index 2 / . . mj
1926.100.
Economic c l a s s e s ?
Manufactured products 2 /
do...
Rav m a t e r i a l s
do...
Semimanufactured a r t i c l e s
do...
farm products
do...
drains
do...
Livestock and poultry
Co...
Commodities other than farm prod. 2/.ao...
Poods
.do...
Cereal products
.do...
Dairy products
do...
Fruits and vegetables
ao...
Meats... .>.
do...
Uomjaoditiss o t h e r than farm products and
foods.2/
1526*100.
Building materials
do...
Brick and t i l e
do...
Cement
.
do...
Paint and paint materials
ao...,
Chemicals and allied products
do...
Chemicals
do....
Drugs and pharmaceuticale
do...,
Fertiliser materials
do...
Oils and fats
do....
Fuel and lighting materials
do...,
Electricity
do...
Gas
do...,
Petroleum products
00...,
Hides and leather products
do...,
aides and skins
do...,
Leather
do...,
Shoes
,
do...,
Housefurnisnings
do....
Furnishings
do...,
Furniture
do...,
Metals and metal products2/...,...do...,
Iron and steel
do...,
Metals, nonferrous
do...,
Plumbing and heating equipment..do...,
Textile products
do...,
Clothing
do....
do....
do...,
do....
..do....
141.5
107.1
139.7
136.7
152.1
138.8
I65.0
162.6
I89.6
13&.I
156.2
139.9
16U.6
131.6
133. 4
102.9
II8.3
97-6
129.9
133-8
131.5
101.9
107O
95-8
115.0
125.7
108.1
13^.7
153.4
K7.6
159-7
132-2
100.8
120.0
II6.9
101.1
I58.5
107.8
96.0
97.1
112.1
81.9
101.7
8U.9
69.2
108.3
*9-9
171.2
128.1
112-7
131.7
99.9
210.6
97.7
(a)
(a)
76.5
175-1
198.5
181.6
170.6
123.3
123.4
113.2
13s.0
123.9
130.5
117.0
136.6
132.4
134.6
99.3
33.8
101.2
120.8
110.3
73.0
11+1.9
Woolen and worsted goods
do....
Miscellaneous
'...do...,
Automobile tires and tubes..'.. ..do...,
Paper and pulp..-.
do....
Wholesale prices of selected commodities:
Coal, bituminous, mine run, composite
6.207
d o l . p e r short t o n . .
.269
C o f f e e , Santoe.Ho.lt (N.Y.)
d o l . per l b . ,
Cotto».. middling, 1 5 / l 6 " , a v e r a g e , 10
markets.....
d o l . per l b . .
.319
Cotton clotht
51.60
Milllmargins
cents per lb..
.192
Print cloth, 6 4 x 56
dol. per yd..
.666
Butter, 92-score (New York)....dol. per lb.,
.388
Egg's, U . S . !?+-3T)A»r44 (Chi.) £/dol. per doz.,
Grains and grain products!
Corn, weighted average, 5 markets
1.21
d o l . per b u . ,
Wheat, weighted a v g . , 6 markets
do...,
2.18
fcheat f l o u r , standard p a t e n t s
(Minnetpolio)
d o l . per b b l . ,
11.52
H i d e s , p e c k e r s ' , heavy, n a t i v e s t o e r s
d o l . per l b . .
.238
L i v e s t o c k ana sieate:
CC.lO
Beef s t e e r s ( C h i c a g o ) . . . . d o l . per 100 l b . ,
Hogs, a l l grades ( C a i c a g o ) . . . . " .
do...,
22.4*
Beef, f r e s n , n a t i v e s t e e r s (Chicago)
d o l . per l b . .
• 33U
Pork, f r e s h , l o i n s , 5-10 l b . ( C h i . ) . . d o . . . .
.427
Lumber:
Douglas f i r , dimension, H o . l , common,
51.940
2 x U - 1 6 . . . . . . . . d o l . per M bd. f t . .
Soutnera p i n e , boards, No. 2, common,
69.484
l " x 6 H or 8"x 1 2 ' . . d o l . per A bd. f t . .
U5.&OC
Ponderosa p i n e , So.}, connon,J"x 8 n . , d o . . . .
v-k
61.5
119.4
117.6
103.8
127.9
106.2
109.7
102.8
105.7
101.2
85.7
95.0
101.6
107.4
125.6
75.2
30.2
(a)
112.7
95.3
73.0
112.0
5
:$
rlSl
rl90|
r210
rlbl..
1321
r207
150
rl73
r?:47
pllO
110
rl62|
151
168.1
163.O
DOMESTIC TOADS
194.7
134.8 jMail-order and store sales:
160.1
Total sales, 2 companies
thous. of d o l .
139.5
Montgomery Ward 6 Co
do...
1S0.0
Sears, Hoebuck ajnd Co
do...
134.5
TEXTILE PRODUCTS
186.2
120.7
145-5
129.1
107.0192.1
151.3
118.9
106.9
152.8
96.3
191.0
94.5
65.2
84.4
73^
172.5
221.0
178.1
162.9
118.2
124.4
111.8
130.2
114.0
118.4
107.2
131.3
127.9
174.7
89-3
30.2
115.0
117.7
IO6.5
73.0
127-7
124.7
Active spindles
thousands.
157.8
Active spindle hra.,total....nil. of hours.
130.0
Average per spindle In place
hours.
IO6.9
Operations
percent of capacity.
227.2
154.4
125.7
111.8
131.2
EMPLOYMENT CONDITIONS AND WAOES
95.1
2O3.O
96.1 Average weekly hours per worker:
U . 3. Dept. of Labor, all mfg.'
hours.
(a)
Durable goods industries
do...
83.I
Nondurable goods inda»«,ries
do...
75.8
176.7 [Average weekly earnings:
U. H. Dept. of Labor, all afg.......dollars.
216.5
Durable goods industries
do...
I85.0
Nondurable goods industries
do...
169.9
120.2 |Average hourly earnings!
U . S. Department cf Labor, all mfg....do...
126.3
113.9
Duraole goods industries
do...
134.7
Iron and steel and their products.do...
117.4
' Electrical latxhinery
do...
129.3
Machinery, except electrical
do...
114.9
Automobiles
do...
Transportation equip., exc. autoe.do...
13^.7
129.8
Nonferrous metals and products....do...
181.6
Lumber and timber basic products..do...
96.9
Furniture and fin. lumber prod....do...
33.8
Stone, clay, &nd glass products..Jao...
103.2
Nondurable goods industries
do...
119.0
Textile-mill products, etc
do...
Apparel and otner fin. tex. prod..do...
108.9
Leather end loather products
do...
73.0
136.4
Food and kindred producte
do...
5.998
.263
6.043
.264
•303
.324
47.72
.185
.822
.333
I.31
2.23
1.25
2.17
10.95
11.61
1.72
6.55
.155
1C.U9
14.7*
.200
.?-59
?4f7<K>
.239
30.12
.0312
.0235
27.25
1.928
.1219
30.86
.0329
.0250
29.75!
.1927
.1293
.1050
25.92
.0275
.0210
18.75
.1178
.O65O
.0825
28.73
.0305
.0235
1.560
.161
.079
1.155
1.110
.149
.05U
I.O35
1.485
.1!"
1.106
.161
.078
1.145
27,619
571,623
^57,731
15.332
357.501
307.302
27,149
503.7|»5
3 8"1.. 9! 8 4
25.536
457,278
3&1.379
283
293
352
37i
399
.1704
.1044
.1012
.1050
81
?4ia|
,
390
353.
375,
353
249
278
201,052
67.097
133.955
158,852
21,920
10,583
444
1?3.3
r21,621
r9.48<>
105,846
1.560
367
281,422
106,355
175.067
313.678
117,281
136.397
n.5*u
21,688
8.671
362
107.8
Cotton spindle activity:
40.78
. .147
.816
.406
.92
Wholesale n r l c e s o f s e l e c t e d commodities - Con.
Metals and manufactures:
P i g i r o n , c o m p o s i t e . . . . d o l . ner l o n g t o n . .
S t e e l , composite, f i n i s h e d . . " . d o l . p e r l b . .
Structuval s t e e l (Pittsburgh)
do....
S t e e l scrap ( 0 h i c a g o > . . d o l . per l o n g t o n . .
Copper, e l e c t r o l y t i c ( N . Y . ) . . d o l . p e r l b . .
Lead, r e f . , p i g , d e s i l v e r ' . s e d ( N . Y . ) . d o . . . .
Zinc, p r i n e , Western ( S t . L o u i s ) . . . . d o . . . .
Petroleum and products:
Crude petroleum (Kans.tc-OklahosuO.et w e l l s
d o l . per o b i ,
G a s o l i n e , t e a k wagon (N.Y.) . d o l . p e r « a l .
Sugar, r e f i n e d , g r a n u l a t e d ( H . Y . ) d o l . p e r l b .
Wool,raw, t e r r i t o r y , f i n e , s c o u r e d . . . . d o . . ,
l?9-l
169.8
165.4
197.4
132.9
165.4
1*6.1
182.9
139.5
202.8
20.68
.099
•*!}
November! Pooember
Continued
rl75
rl38
CONSTRUCTION AND REAL ESTATE
136
103 Contract awards, 37 Statos(F.W.Dodge C o r p . ) :
Total p r o j e c t s
number.
Total v a l u a t i o n
thous. of d o l .
Building, t o t a l
do...
Construction c o s t i n d e x e s :
140.9
Amsr. Appr. Co.: A v g . , 30 c i t i e s . l 9 1 > 1 0 0 .
Atlanta
do...
135.7
New York
do.. •
153.2
San F r a n c i s c o
do...
136.2
S t . Louis
do...
.247
.35&
19U6
19U7
January
COMMODITY PRICES -
Industrial production (Federal Reserve) - Con.
Adjusted, contained Index 1/....1935-39-100..
Manufactures
do....
Durable manufactures
d J . ..,
Lumber and products
do.
Cotton goods
Hosiery and underwear
iiayon
Silk
Earlier data are available in monthly issues
of the Survey and the 1942 Supplement
.276
23.64
24.07
23.19
22.87
.409
.512
.415
.404
43.855
47,824
Tobacco manufactures
do...
Paper and allied products
do...
Printing, publishing, etc
do...
Chemicals end allied products
do...
Products of petroleum and coal....do...
Rubber producte
do...
1946
"399
110.7
1945
9.499
119
1946
October I November
3/40.9
J/40.8
I/;ui.i
U1.5
41.4
41.5
r40.5
r4C7
40.2
40.2
r40.2
40.2
'46.86
'J*9-51
J/44.14
41.21
44.08
3*.52
r45.73
r48.90
r42.45
r4s!§
3jjl.^5
J/1.212
1.248
1.198
1.277
1.395
1.360
1.208
.923
1.008
1.112
i/1.076
. .959
'1.007
1.017
1.058
.9*7
.9<>4
1.130
1.202
1.23?
rl.186
r1.266
rl.376
rl-359
rl.195
r.936
r.9?0
I.O96
rl.056
1.035
.905
I.500
1.325
rl.102
I.347
1.313
1.139
1.210
1.247
rl.190
rl.272
rl.394
rl.364
rl.203
r.931
r.999
rl.115
I.065
•955
.999
1.004
1.047
.924
rl.065
1.342
rl.ll?
rl.351
1.322
r73.896
6.407
rl05,689
990,350
r72.305
7.5«
«
1.066
I.091
I.050
1.134
1.220
1.239
I.O63
.814
.859
.939
.927
-795
.875
.881
23
1.071
1.37?
1.133
1.374
1.330
.910
1.188
1.001
1.2T6
1.113
numbei
do.,
do.,
do.,
86,196
|l,002,-?80
74,166
7.039
32,150
277.211
21.915
do.
7.594
.948
.997
.987
42.86
METALS AND MANUFACTURES
Oil burners: 4/
Orders, new, net
Orders, unfilled, end of month
Shipments
Stocks, end of month
|Mechanical stockere, sales:
Classee 1, 2, and 3
Classes 4 and 5:
Number
Horsepower
RUBBER AND RUBBER PRODUCTS
|l'ires and tubes:
Pneumatic casings:
Production
.thousands.,
Shipments
do...,
Original equipment
do...
Stocks, end of month
ao...,
Inner tubes:
Product ion
do...,
Shipments
do...,
Stocks, end of month
do...
6|l66
17,269
14,946
, 738
49.283
13.746
, 331
63.38O
454
78.454
357
58,495
7,518
8.145
1.839
2.457
4.825
4,286
378
3.077
8.205
8.433
1.874
3.041
7.579
L-S
3.026
7.643
7vl65
4,364
r/:-.evisod. o/PreliKiriury. £/Dat& not a v a i l a b l e . _l Indexes f o r wnicji seasor-ti f a c t o r s :iavc been f i x c a a t 100 are not shown. 2 / 3 e e note or. n. 5-4 of t h e s n n t h l y Survey regardTr.g tne i n t r o d u c t i o n o f current a o t o r v e h i c l e p r i c e u i n t o tue i n d e x e s . i / F r c l i b i n a r y data f o r January 1^:5 f o r a l l aar-ufacturing, durable' and nondurable socda i n d u s t r i e s v i ,
r e s p e c t i v e l y , a s f o l l o w s : Average v c u x l y h e a r s — 40.-j, 4 0 . 3 , 4 0 . 6 ; a v e r s e weelcly earnings — 4-5.79. 4S'.^0, U4.29; average liourly e a r n i n g s , I . I 5 S , 1 . 2 2 0 , 1 . 0 - 0 . 4/Data f o r
1346 i n c l u d e about 3C companies which began r e p o r t i n g i n tr.at y e a r ; e o e t of t h e s e companies had U t i l e or no production i n 1 9 4 5 . H/Fornerly d e s i g n a t e a "fresh firsts" 1 '.
42.837
35-330
53-182
40.360
67.I63
43.3OO
7.550
8.163
3.903
3.955
3.639
3.627
8,087
8.534
4,108
@FedFRASER