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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE JANUARY 2, 1948 AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION ELECTRIC POWER PRODUCTION BY UTILITIES {1935- 39 »$00) (BILLIONS OF KJLOWTT HOURS) *EKKLY OATJt 1 W^Sfcf* / V* J .. \J. ^y^pfy UJUJUJM^U~I±LJ 1,J,J.1,1,*,,i i.LA I.I i.i t,JUJLJ,,1 J.JLI .1.„JLj-1,t,j.aJ,a-iJLx.J-a.a-L,i-i.x,L ,1 J-UJU i i i i i MANUFACTURING EMPLOYMENT AND PAT ROLLS INDUSTRIAL PRODUCTION (UNADJUSTED, I939»KK» (SEASONALLY fiOJUSTEO, 1 9 3 8 - 3 9 " 100) (946 WEEKLY xsat 1947 1944 BUSINESS 1945 STATISTICS1 1946 mi Dec. 2? Commodity p r i c e s , wholegals: All commodities 2 / . • . . .1926*100.. farm products. • . . • . . . • • • . . • • > .do..«. food*... ...... ......do All other 2/,.... • ...,.......* .do.... 28 commodities j|/.............. ....August 1939*100.. 353-6 Cotton, middling, 15/l6®9 10 markets 4/. .dol. per lb.. Wheat, So. 2, Haxd Winter (Kansas City) %J .dol. per bu.. Department store sales. .1935"*39*100• • Insured unemployment, total j>/» thou©.. State programs. .do.... 1 Veterans programs ....do.... finance* Currency is circulation kj -....«...«••-.• ...ail, .of del.. 23,011 federal Reserve bank credit, total..... do.... Member beak reserve balances. .do.... 17.377 Sccess reserves, estimated .. do.... 1,023 federalfieservereporting member banks in leading cities* jj 3a.sk debits, total , oil. of dol.. Hew York City do.... Deposits, demand, adjusted.... .do.... Loans and investments, total do... • U. S. Government obligations.... ....do.... Commercial, industrial and agricultural loans......do.... failures, commercial number.. Bond yields, domestic corporate (Moody1») percent.« 3.13 Stock prices, 402 stocks (Standard and Poor*s). ,1935«-39«100.. Industrials, 3$4 stocks. ......T do.... Productions bituminous coal 4/ thous. of short tons.. Electric povar, by utilities .mil. of kw-fcr«. Motor vehicles (Wards) 6/ number.. 78.964 Petroleum 4/ thous. of bbl.. Steel 2 / • ••• 1935~39»100.. *'l69»S r freight carloadings, t o t a l . . . . t h o u s . of c a r s . . Miscellaneous. do... • Dec. SO Dec. 13 Dec. 6 162.5 196.9 17s.2 145.4 3*9.8 •357 3-02 575 161 .U 196.2 179.0 1*3.5 351.* .361 3.03 570 1,310 786 476 161.0 193.6 179.6 143.1 355.1 2S, 942 22,738 17,581 1*203 24,912 10,959 49,160 65.385 37,653 14,619 2S.S75 22,617 17.132 963 20,509 8,631 48,57© 65,140 37.5f4 14,461 87 3-12 120.2' I26.8 2,261 5.327 117.705 5.253 191.5 854 403 HOT. 29 Dec. 28 159.8 190.3 178.3 142.6 359-1 •353 3.09 367 1.22J 756 423 139.6 167.7 159.1 I23.9 302.6 •333 2.06 281 2,039 950 1,006 £8,832 22,830 17.038 SS3 28,722 22*934 17,121 1,012 29,107 24,877 16.530 913 20,346 8,257 48,247 65,027 37,560 1*.358 60 3.09 120.9 127.7 21,762 8,628 47,982 65,042 37.724 14,267 72 3.06 122.2 129.4 .356 3.04 1.299 786 m. Dec. a 139.8 170.7 159.5 123.4 302.1 .331 2.11 I.865 855 935 24,328 *-g 25.936 10,891 47,722 65,264 41,661 11,451 27 "**3ai 2.83 122.6 125.5 129-5 128.8 2,191 2.394 1.902 2,217 2,272 5.|6« 4,442 4,983 5,218 4,940 120,657 67,070 84,391 UO,759 96,75* 5,284 5.257 *.713 5,265 4,708 143.7 188.8 191.7 191.5 16*.6 628 792 832 879 §36 287 374 392 410 368 1 / Data do not always cover calendar weeks. 2/ See note in January 1, 1947 issue. $j Thursday p r i c e s . 4 / Dailys average. 5 / Data for 1947 include dark hard winter not included previously. §J for description see note i n July 13, 1946 i s s u e . jJ *">wn on a revised b a s i s beginning in Supplement for July 18, 1947. 8/ Data are for U. S„ and Canada and include passenger c a r s , commercial cars, and t r u c k s . 2 / Week ending January 3 , 189.0. 47,166 64,525 40,906 11,427 38 2.82 126,6 130.2 2 MONTHLY BUSINESS Sarlier data are available in monthly issues of; the Survey and the 1942 Suppieaent STATISTICS 1$46 1*4? Vovesber October (September August Hoveaber GENERAL BU3IHSSS IHDIOASOfiS I n d u s t r i a l product i o a ( f e d e r a l R e s e r v e ) t Unadjusted, combined Index. Manufactures.... .1935*39*100* do... Durable manufactures. .do... Iron and steel.....» ...... .do*., Lumber and products ..do... Purniture. ..••••..•••••.•••• •. *».........• •.. .do. • • Lumber Machinery....•• ••••• .do... ...........................do... lonf erroue metals and products .do... Smelting and refining. •• .do... St one, clay, and glass products do... Clay products.... ••••••••• .....do... Transportation equipment ..do... . Automobile©. .do... Nondurable nanufaetures •* .......do... Chemicals .do... Industrial chemicals.. • .do... Leather and products. .. .do... Leather tanning. * .do... Shoes..*. do... Manufactured food products ....do... Meat packing .do... Processed fruits and vegetables do... Printing and publishing. . .do... lubber products. • .do..« S©stiles and products •......do... Cotton consumption* .. .do..., fiayon deliveries .do. Wool textile production do... Minerals.••••••*. • do... fuels....... . do... Anthracite do... Bituminous coal *• .do... Crude p etroleum ......do... Metals ^do... Adjusted, combined index 1/• --«.do..., Manufactures. ....•»•.».».•...*.•».•. • do... Durable manufactures.... .* *. .do... lasher and products. .do... Luab er » do •.. Bonferrous metals and products do... Smelting and refining. ..do... Stone, clay, and glass products do... Clay products do... Sondurable manufactures do.». Chemicals do... Leather and products do... Leather tanning. do... Manufactured food products do... Meat packing do... Processed fruits and vegetables.... ....do... Printing and publishing .do... Minerals.... , do... Metals do... 2USXKBSS POPULATION Industrial and commercial failuresJ Grand total ..number., Commercial service .do. .... Conetruction do... Manufacturing and mining do... Setai 1 trade .do..., Wholesale trade do..., Liabilities, grand total thous, of dol., Commercial service. .do... Oonetruct ion • ••.••••••••••••••.••.« .do... Manufacturing and mining .do... , Setail trade * do.. •', Wholesale trade....... ..do..., P192 P199 p225 p202 pl46 »1T6 P131 p282 "P1T5 p206 P171 p238 p200 PITS P ?S p426 pi6o P192 p!24 P15J p226 pin r280 168 158 162 126 pl66 rl63 pl66 p!92 pi9« p225 pi49 P135 132 190 rl97 r223 145 r!28 *pi74 p201 P l65 P1J7 p249 pi5« P173 Pl35 pl5l pl56 313 23 121+ u i 16,3^5 505 537 12.574 1.531 1,198 S. Department o f Labor)} .... iconoale elassest Manufactured product s 8 / . . . . . . . . • • • . . . . * fiaw material* .7 Semimanufactured a r t i c l e s farm products, Grains • Livestock and poultry 182 211 166 228 198 178 2% 425 121 118 123 181 136 285 Si rSQl rl6l rl75 r24S rl26 rl5H 142 133 152 154 107 336 29 25 98 129 55 21,322 1,074 2,301 13.337 2,289 2.321 159-5 158.5 .•..do•.• • do..., do. •., do..., do..., do..., 152.1 rl54.i '175-1 154.O 189-7 241.4 224.5 107.9 245.5 211.0 27f 174 r!79 r!75 .1926*100., im £143 m 291 plf| 219 195 mi 155 139 COMMODITY PHICSS Wholesale p r i c e s (V. Combined i n d e x &f 200 224 204 150 rI72 rl3« r2S0 179 *175 211 170 r233 198 180 250 r425 125 122 P127 rl65 149 pli9 191 197 *93 * 3J 116 114 117 177 127 263 139 160 130 8 158 160 122 161 164 144 186 192 218 140 12S 174 182 203 160 172 248 122 120 156 155 155 114 151 161 151 182 188 211 143 133 170 ISO 199 162 169 249 116 115 146 144 153 111 1U5 138 1% 150 117 s 292 28 20 101 103 40 10,034 829 444 5.964 1.390 1.407 1 185 190 212 188 151 161 147 267 170 180 206 166 215 182 173 245 287 23 19 99 102 44 14,903 655 176 10,426 1,668 1,978 I83 192 214 178 139 157 131 271 192 176" 207 155 235 18T 174 244 411 129 158 181 J47 256 181 140 123 116 150 105 183 191 214 142 135 192 175 202 150 JP 243 121 110 156 163 160 130 136 117 104 13 9 38 36 8 12,511 3,202 136 8,492 392 239 157.4 153-6 139-7 151-6 170.8 151.9 186.4 2g>.3 224.8 147.6 167.0 149.5 181.7 208.8 215-9 134.7 153-4 129.1 169.8 165.4 197-4 r/ Heyised. n/ Preliminary. 1/ Indexes for which seasonal factors have been fixed at 100 are not shown: see unadjusted s e r i e s . 2/ Motor vehiclee included at current pricee beginning October 1946; Jfcril 1^42 prices were carried forward in earlier indexes. Hovember i » 7 Indexes calculated with April 1942 motor vehicle pricee* A l l commodities, 157-0? manufactured products, 148a? ©emmoditlee ether than farm products, 150.15 commodities other than farm products and foods, 13«.3» »*tale and metal product*, 1J3.8i MONTHLY BUSINESS 3 S T A T I STIC S —C©«tiny@d 1946 1947 S a r l i e r data are available l a monthly Issues of the Surety and t h * 1942 Supplement loireriber October Septesfce* Aagtist BoreMbar GOMHODXfT FBZ018 - Continued Vholeaals prices - Oontis&ed. CoMMQdlties other than fan* products 1/ 1926«100., foods ...»....••.•• .. do.... Cereal products do •..« Salry product e. do . • • . fruits and vegetables •••do.... Meats...... do.... tasaodlties other than farm products and foods j L / . . d o . . . . Building Materials * • .do.... Brick and t i l e ..... .do..., Ceseat *.......... do.... &a«be?. ; .do • . • < Paint and paint materials • do.... Qheeieals asid a l l i e d p r o d u c t s . . . . ......do.... ®heaieal@.* do.*.. Drug and pharmaceutical Materials.. do.... fertiliser Materials .....do.... Oils and fats.....' ..*.,*...do..*« fuel and l i f t i n g Materials** «•» de..«. Slectsrieity .....do.... Sas... ............. ....do..., Petroleus products.••.••»•»•••••• do...« Hides and leather products.. do.... Hides and skins. .........AA..., Leather..... ....... —...*4o..., Hho©§*.. •.•.•.•....••••••••• *..*... ..do.... Housefurnishings. « do.... furnl shings ...o...«;do.... furniture ...«=...........» do.... Metals and metal products l/. do.... Iron and steel*. • do.... Metals, aonferrous ... do•».. Flushing and heating equipment<• «. .do*... fertile products. do.... Clothing do.... Cotton goods..... •; do.... a Hosiery and underwear. .do.... Sagcon* ....do.... ftllk. *.......... • " do..., Woolen ®&d worsted goods «............„*...do..... Miscellaneous* . do.... Auteaooila tires and tubes. do.... f»p«? a&d palp. » do.... IkigXo&m® i s •waegricultural establishments. Unadjusted, t o t a l . thou$*• iHteMsafassuring* . . . . • . • « . • . • • » • • • • • • .. .do.,.. Mi aia& . . . . . . .do.... a... ? Goastruetion*........ .do...„ transportation and public ut H i t i e s do.... i&r&de. . C o . * . . . * . . . . . . . . . . • * . . . . . . . . . . . .do.... finance*-. • • . . . • • . . . • • .da. , . . Ser^ic * . . . . *• do.... Ctorer&aent..••,.••••.••• • ••••.••••....• do.... Production workers, a l l Manufacturing,unadjusted j|/.1939wl0Q.o Surabl© goods industries .. .......do.... Xros. &ad steel and their products .do.... H»ot*leal B^fei&ery..•. « .do.•.• Machinery, except e l e e t r i e a l * do.... Anfeenflftiles....••• do.. •• SSa&sportatioa e^uipaent, except autoaoblles do.... XQnferrous metals and products. ....do.... feumber and tiaber basic products « do.... furniture and finished lumber p r o d u c t s . . . . . . . . . . . . . d o . . . . It&ne, elagr, and glass products do«... Soadura&X® gc-odts i n d u s t r i e s . do.».. f e x t i l e - s l l l products and other fiber Manufactures.do.... Appartl and other finished t e x t i l e p r o d u c t s . . . . . . . . d o . . . . Leather and leather products*. do.•.• food &nd kindred products. do.... fctoaseo manufactures. * ••••...do...• f^>er &nd a l l i e d products. • do... • P r i n t i n g , publishing, and a l l i e d Industries do.... QhmlQ&Ls and a l l i e d p r o d u c t s . . * . do.... Products of petroleum and coal.... do.... Suhber products .do.... Monmaoufacturlng employment, unadjusted} Mining. Anthracite . .do. • • • Bituminous coal. „. *..do.... Metalliferous do.«.• Quarrying and nonmetallic do.... g / Bevised. Xj See note 2, page 2 . dated Seceaber 26, 1 ^ 7 . 153.1 1?8.0 172*5 175-9 •135.5 2X1.6 i42.i 1*7*5 1*7.3 120.6 295 •£ 161.8 11M 124.3 151.1 112.0 226.7 118.1 99-9 202.1+ 263 .4 216.0 187-0 132.9 1&0.0 125.5 151.5 1U0.9 1^2.2 116.0 1&.7 135.6 209.1 101 .If 37.0 13**9 118.8 61.0 16O.7 h 3 ,Uh9 15.851 896 1.852 **077 9.081 1»588 4.676 5«*2S 157-2 182.0 16I.3 225-2 225-9 197.0 275.J 1J3.6 162.7 138.3 146.6 137.5 108.3 148.1 106.0 140.7 97.0 1^.8 132.8 199.1 152.8 184.3 JP151.5 ill:! 167.3 130.8 230.0 rl40.0 I85.8 145.6 120.1 290.0 161.4 r!28.6 122.1 137.5 Ul.3 493-4 II5.9 96.5 A91.7 r241.7 204.3 178.0 132.3 139.3 124.9 151.1 140.8 142.0 I36.O 143.0 134»7 204.6 100.0 37.0 71.2 134.2 117.1 60.8 159*8 r43,29S rl5.832 895 rl,894 r4,102 ri,880 rl,586 r4,662 5»447 rl56.9 rlS0.8 rl60.2 222.8 r225.1 rl97.7 r267.2 1J3.3 rl36.1 1H6.0 rl38.1 r!06.4 149.6 105.6 rl46.9 150.8 179.3 15**7 170.6 130.1 244.8 138.2 1?3.3 145.4 II9.O 285-7 157.9 ia.3 ns.2 136.6 109.8 155.6 1U4.1 65.2 87.0 93.7 221.1 197.4 175.2 130.6 138.5 122.^ 142.0 135.9 142.0 134.4 202.3 99.9 SI 133.« 115.9 60.8 159.5 r43,036 *15,796 rS94 rl,904 r4,U4 8,684 1,583 4,634 5.425 r!56.6 rl79-4 159.3 218.9 ggh e 3 s?197*7 257-4 rm.J 161.6 133.5 145.5 138.7 104.2 145.6 104.8 161.1 ?2.3 143.5 130.7 195-2 153.4 rl78.1 147.2 172.3' 153.3 164.3 Sil m 136.0 116.9 276.7 154.9 117.5 117.5 I36.6 105.5 133.3 112.5 64.5 86.0 92.2 172.1 a5.6 190.7 174.9 129.7 13S.I 120.9 148.9 139.4 141.8 128.6 l4o.g X34-3199«2 99.9 68 Iz 133^3 112.7 60.8 157.6 r42,624 2*15.595 896 rl.895 r4 9 l44 r8,5S6 1,602 4,619 5»28S I54.3 ^177.3 I58.5 215.6 r222.4 r!98.3 250.0 rlTO.O 161.5 IM 'Mi 136.1 182.9 139.5 202.8 180.'7 145.5 129.1 107.0' 192.1 118.9 i0i.9 152.8 96.3 191.0 94.5 65.2 73*4 172.5 221.0. i?«.i v i6g^. 1X8.12' 124;* 111.8" 130*1? 114,0'118.4" XOf.2 131.6 127*0 174,789.3 3'2*0 115.0 117.7. 106.5' 73^0 X8?o? 42,I»3S 15* £71 SS>5 1.W3 4,101 i e S98 1*543 48555 5,475 152*0 1?6»| 154.9 88T.6 ^7.7 193.3 .292.4 184.6 142.4 127«7 143.9 ;i32o5 107.6 134.6 102.9 133.5 144I3 126.6 190.9 146.6 198.8 136.2 102.5 142.2 IO3.8 157.3 1%.0 91.6 r!32.0 143.0 rl98.4 129.8 rl52.8 189.7 r!82.0 154.I r!77.8 8O.7 r80.9 81.4 S2.9 9O.6 r89.9 90.O 89.2 88.4 88*9 ««7.9 85.2 88.3 89.5 104.5 101.2 105.4 106.3 2/ for data for the individual induetrieic for Qetboer (th© l a t e s t amLlable) see Week^ ^upplment MONTHLY BUSINESS S u r l i e r data are available l a monthly issues of the Survey and the 19*2 Supplement ST A T I S T I C S—Continued 19*6 19*7 Hoveaber October September lovember August October BffLOIMMI COHDISIOHS AND VAOSS - Continued llonaanufaeturing employment, unadjusted • Continued. 1939*100. Crude petroleum and natural gas. Public utilities* .do. Electric light and power • .do. Street railway a and busses ..... .do. Telegraph. .do. Telephone .. .. .Services1 Dyeing and cleaning ..do... Power laundries. • do... Tear-round hotels do... fietall trade do... Wholesale trade .' do... Labor turn-over in manufacturing establishments* Accession rate. «• .monthly rate per 100 employees. Separation rate* total do... Discharges do... Layoff e $o£ts * Military and miscellaneous * * . .. 9**5 r95-7 r97«* 93.0 93.* 109 •? 128.3 rl09.4 rl2S.8 98.1 $M 109.? 129.6 99.8 r!91.6 110.2 1304 100.5 193.8 102.5 130.6 IO8.7 183.* 102.0 130.3 110.3 181.6 116.1 107 .h 118.1 U9.5 117.8 rl20.0 rl08.5 ?H7.7 rll5-7 r!15«5 118.6 109.6 117.* 112.3 113.3 117.* 110.2 117.6 rllO.O 112.2 123.O 109.9 120.2 117.4 112.7 126.1 110.1 120.6 112.2 110.7 P5*5 5.9 5 5.3 5 K a .4 .7 3.7 .1 P5.0 p.* p.9 P3-6 P-1 do... do... do... POGDSSUPPS m> solace© dairy products, productions^ Sutter, creamery (factory) thous. of 1%. Cheese, total (factory)... do... fobacco, manufactured products* Consumption (withdrawals)! Cigarettes* Sax-free. millions. Sam-paid .do,.. Cigars, tax-paid. • thousands. Manufactured tobacco and snuff, tas-paid..«thous. of lb. :l *:1 i .1 4.0 .1 6.8 6 :l 1.0 *«7 .2 69,185 61,720 r91,890 r82,720 101,310 92,670 116,550 110,140 82,392 71,127 100,372 84,7g0 3,527 33,237 587,880 25,909 2,706 29,20* 483,288 24,706 2,52s 29,060 466, W 22,18* 2,165 *95,*01 18,144 5*^9*9 22,728 2»56l 32,77^ 58*.e67 25;63X 1,125 2,630 3,808 3,551 1,106 2,302 3,37* 3 Ml 1,069 2,26l 2,995 3,095 981 2S15® 2,30* 4,088 959 2,052 2,59« 4,55s IM3BS& AHD PBOB&CSS Leather productions Calf and kid Cattle hide Coat and kid.... Sheep and lamb. « •> ........thous. of skins. thous. of hides. ...thous. of skins. do... ? MISSALS A2ED MASOPACSUBBS Pig iron, production Lead, refineds Production, total Primary.. Shipments Stocks; end of month Poundry equipments Hew orders, n e t , t o t a l . . . lew equipment Jiepalrs.... Machine t o o l s , shipments thous. of short tons. 5,015 5,228 4,801 *,917 *» u 35 4,815 .short tons. • ...do... .do... 50,248 *6,919 56, 2*7 28,370 46 s g27 *6,*09 do... 51,*81 &7.903 55.03* 24,809 1*3,^83 3*»3*5 46,6*6 31,0*8 40,041 38,2|7 3**76* 48,262 43,062 41,217 4l s 00g *2,992 1937~39«100. • do... do... thous. of d e l . 370.1 286.1 6*3.1 24,505 *3J.2 520.0 786.7 27,5*5 *55-l 393.1 657.7 22,285 468.9 *11.3 656.8 18,520 4H.* *2i.O 661.5 26,176 469.2 407.1 672.O 29,140 shssrt tons. 36MS3 393,169 45,624 390,251 389,505 7*,310 366,092 364,304 391,388 85,9*8 376,436 387,29* 113,032 do... ....do... .do... 33§,012 $& 339,286 72,253 73.5*5 239.807 70,732 7%l68 377.9*1 388,106 80,932 281,102 291,517 6*.T39 62,107 292,205 67,2*8 66,966 do... .do... ..do... 11,1*11 279.631 89,755 11,105 308,033 83,957 12,397 312,573 77.150 U.833 295,385 84,009 15,184 217,*3f 79,676 12,552 217*303 82,167 8,889 8.639 2,178 5.513 7.91? 8,246 2,128 5,191 7,165 7,595 7,*78 1,636 3,112 8,197 8,425 1,874 3,041 7.flf r6,540 7.233 6.339 7,680 7,260 *,*83 8,187 8,408 4,106 *.«.. . *3*5*5 PAPSa A&D PSIMSZHa Bewsprint, Canada; Production. «•...•....,.•••. Shipments from mills Stocks, at mills, end of month Sewsprint, United Statees Consumption by publishers Production Shipments from mills.. . Stocks, end of months At mills At publishers. In transit to publishers I do... do... ; 3J9,*fp 67,56> SDBB8E AMD BUBBSE PBODUCT9 Sires and tubes! Pneumatic easlngss Production. Shipments Original equipment. Stocks, end of month. Inner tubee* Production Shipments Stocks, end of month. xj Revised. g/ Preliminary. .thousands. ......do... do... do... .do. .do. .do. 7.616 6,424 7,520 m 5,179 6,499 6,937