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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE OFFICE OF BUSINESS ECONOMICS Available only with subscription to the monthly magazine SURVEY OF CURRENT BUSINESS JANUARY 25, 1952 SELECTED BUSINESS INDICATORS STEEL PRODUCTION (Ingots and Steel for Castings) (1935-39 = 100) ELECTRIC-POWER PRODUCTION BY UTILITIES (BILLIONS OF KtLOWATT-HOURS) COTTON MANUFACTURING EMPLOYMENT AND PAYROLLS 500 CONSUMPTION (DAILY AVERAGE - THOUSANDS OF BALES) (UNADJUSTED, 1939 = 100) 60 MONTHLY OAT A ^r*~*-r*^*^+-+ 400 f 300 ~~~— "•^-^^ 200 100 y^ . PRODUCT ION -WORKER PAYROLLS 50 *~* ++-+*" 40 30 ^ PRODUCTION WORKERS 1 ' M ' i J * ) i J !948 i 1 1 1 1 ! 1 1 1 i 1949 J L 1 1 1 1 1 1 1 1 , , , , , ! !950 20 WEEKLY 1949 1948 195! 1951 1950 BUSINESS STATISTICS1 1952 1951 ITEM " Jan* " 13 Jan0 20 Dec. 22 Jan. 5 Dec. 29 Jan. 12 Jan. 19 Commodity prices, wholesale: Cotton, middling, 15/16", 10 markets j/ dol. per lb.« Wheat, No. 2, hard winter (Kansas City) J/..,.dol« per bu.. Department store sales« «*••«.*.*«•».*•» *»,*.»...1935-'39*=100.. Insured unemployment9 total* *«»*«*e«Ao*««< M »«**.»«o*«» .thous. • 179.2 193«0 182.0 169.3 385o4 •U2 2.40 305 1,246 1,191 179.9 192*6 181.1 170o5 386.0 .443 2.38 301 1,195 1,144 177.0 193.2 188.9 165.6 328.3 .417 2.54 657 1,098 1,056 177o3 195 ol 189o2 165.5 328.7 .420 2.52 265 1,305 1,263 177.2 193.7 189.2 165.4 327.5 .419 2.52 224 177.2 193.9 188.8 165.3 324.6 .423 2.52 266 176.5 192.0 187.5 165.2 .417 2.51 27,416 21,235 17,502 1,111 27,208 21,923 18,587 969 29, 311 25,745 20,798 1,120 29,333 25,576 20,208 635 29,104 24,825 20,364 669 28,787 24,554 20,369 797 28,543 24,372 20,488 918 26,213 10,040 51,306 70,824 33,046 17,924 193 2.86 165.7 179.3 27,459 10,424 51,702 70,449 32,634 17,972 167 2.86 171.2 185o5 33,789 34,701 54,822 74,842 32,577 21,442 117 3.25 183.9 200.8 24,682 10,116 54,059 74,878 32,522 21,592 163 3.26 182.4 199.1 32,894 14,225 53,370 74,217 32,224 21,419 126 3.27 185.5 202.8 25,517 10,531 53,706 73,729 32,074 21,267 X* 3.26 184.5 ; 201.4 1,970 6,961 130,959 5,684 221.9 783 383 1,863 6,909 152,783 5,973 223.0 780 392 1,783 7,824 102,837 6,115 234.9 672 332 1,571 6,922 35,193 6,112 227.1 502 254 1,839 7,149 48,545 6,094 228.5 613 308 1,960 7,666 85,630 6,084 228.7 743 364 Finance : Federal Reserve reporting member banks in leading cities s Bank debits, total**«»«**««»»t*««**«.»ea**»eioil* of dol«« Commercial, industrial, and agr. loans (gross)** •do.*.. Bond yields, domestic corporate (Moody1 3) ^/. ««»,... percent.. Stock prices, 416 stocks (Standard and Poor1 s).. 1935-39=100.. N 10,277 158 3.24 187.0 204.2 Production: Steel y 1935-39=100.. I/ Data do not always cover calendar weeks. 2/ Thursday prices* %/ Daily averages. ^/ Week ending January 26, 231.3. 92,994 229.6 MONTHLY BUSINESS STATISTICS Earlier data are available in monthly issues of the Survey and the 1951 Statistical Supplement 19 51 1<>50 December November December September October November 46,856 1,087,062 931,576 *,«.««do«.«« 1,012,046 40,168 1,168,432 968,958 1,424,619 42,435 1,082,855 884,178 917,158 42,735 1,051,419 914,450 1,026,973 36,323 931,768 771,590 1,024,775 371 371 377 ' 379 378 380 390ol 528.7 391.8 530.7 403.4 546.5 404.5 547.2 405.6 547 «7 405<,6 547.8 369,150 123,084 246,066 499,058 164,190 334,868 338,278 100,873 237,405 374,319 n7,371 256,949 398,865 121,494 277,371 477,842 246,189 331,653 45,873 15,765 938 2,571 4.123 9,896 1,820 4,723 6,037 13,044 7,210 23 773 327 477 1.126 46,595 15,789 937 2,403 4,125 10,U3 1,828 4,694 6,376 13,056 7,254 24 754 326 474 LI/-? r46,956 r!6,039 r917 r2,768 4,178 r9,781 rl,898 r4,831 6,544 r!3,087 r7,279 f/ji 745 285 r482 rl,l62 r46,868 r!5,948 r9!5 r2,756 r4,l68 r9,878 r1,901 r4,770 6,532 r!2P997 r7,293 47 739 289 r480 rl,157 r46?822 r!5,899 r9l9 r2,622 r4,l66 r10, 078 rl,907 r4,734 6,497 r!2,9l5 r7,331 r50 r721 r294 r472 rl,l6l p4-??4B2 p!5?874 p9l5 p2,502 p4,147 plO, 598 pi, 917 p4,698 p6,S31 p!2,889 t/7,330 o50 p700 o293 p466 pi, 168 850 1,133 721 1,139 209 432 5,834 1,1% 84 1,262 1,056 427 515 521 191 222 360 852 1,163 724 1,160 211 /4?4 5,802 1,155 83 1,258 1,064 428 518 524 191 222 359 r810 rl,2!9 r707 rl,?11 r226 r388 r5,808 rl,330 89 1,136 rl,037 r4l6 515 5/3 197 218 327 159.2 159 / 414.6 41.1 41.8 CONSTRUCTION AND REAL ESTATE Contract awards i 37 States (F, W. Dodge Corp.): Engineering construction (S, N.R. ), l/» Construction cost indexes s Associated General Contractors (all types)... ••••1913=100.. Engineering News-Record: 2/ DOMESTIC TRADE Mail-order and store sales, total, 2 companies.thousoof dol«. 28 , 832 1,234,339 939, m 829,173 EMPLOYMENT AND WAGES Qnployees in nonagrlcultural establishments s Production workers in manufacturing industries, total. .do.... Lumber and wood products (except furniture).. do.*.. Fabricated metal products (except ordnance, machinery, Apparel and other finished textile products..., «... do..0. Printing, publishing, and allied industries... do.*.. Manufacturing production-worker employment index, unadjusted r715 rl,199 r229 r387 r5,704 rl,253 89 rl,133 rl,019 r/«14 518 545 198 215 320 r804 rl,255 r724 ' rl 236 230 r384 r5,584 rl,l60 85 1,133 rl,003 /(n r5l9 542 198 p217 r3l6 p232 p381 P5,*>59 Dl.102 n83 pi, 140 pl,031 P408 P519 D638 pl% P216 p326 r!59.8 r!58.7 rl*>7 7 rlS? 3 426.0 r437.8 r434.2 n£.34.1 41*4 42.2 42.5 40.6 41.6 rU.2 r40.6 r41.1 a.5 r41.3 r40.5 r41.7 r43.8 r41o2 41.4 41.8 r41«5 r40.5 r41,5 r43.4 r40.4 r41.2 r40.9 r41.5 P4l«2 a.7 r41.5 r43.1 r41.6 40.7 %,/D / 40.5 r39,2 r42.0 r39.3 r37.8 r35.4 r42.7 r38.6 r41«8 r40.4 r40.6 r35.6 P42.4 c^.3^9 r809 f"\ 9/ 9 p808 pi „ 262 p728 nl 2A2 Manufacturing production-worker payroll index, unadjusted Hours and earnings: Average weekly hours per worker, all manufacturing. .hours.. 43.4 Lumber and wood products ( except furniture )»«««.. do . . . 41.0 . 42.6 Fabricated metal products (except ordnance, machinery, and transportation equipment).............. .hours.. 42.3 •41.8 41.4 42.3 42.2 42.3 41.9 43.0 a.8 40.1 42.4 43.7 «9 a.4 r41.7 43.2 r/1.*> L3 6 r»A9 9 L2~1 42.2 40.3 41.7 40.5 41.9 42.3 38.9 /£.£ r40.4 r39.4 r42.8 P40.5 38.9 r42«0 r39.6 L2 A Miscellaneous manufacturing industries.... Apparel and other finished textile products do.... do.... Printing, publishing, and allied industries...... do*... 37*8 40.7 36.9 U.l 39.2 42.0 41.2 41.5 37.5 a 36.5 /•/,.*> 39.8 42.1 41.2 41.6 38.3 r41.1 r39-.*> 36.9 35.6 A2.8 39.2 a .7 /I / 40.9 35.9 r/ Revised. J2/ Preliminary. I/ Data for November 1950 and 1951 are for 5 weeks; other months 4 weeks, of each month are shown here for the previous month* 43 o4 r41o4 r40.8 "37.2 34.5 /2 a 38.6 U .8 r/.0.£ r40,0 r35.4 rVt?,3 P43.7 P40o6 nd2»A nAJ.«2 F42.0 nd.2 ^ D&1.3 rv/O ft PU.7 n/0.0 p/2.3 P39.2 t>39^/. P36.2 nA.3.3 P39.5 p/.O.T nil^O n^D-6 D38.2 Data reported at the beginning MONTHLY BUSINESS STATISTICS —Continued Earlier data are available in monthly issues of the Survey and the 1951 Statistical Supplement EMPLOYMENT AND WAGES - Continued flours and earnings - Continued Average weekly earnings, all manufacturing,.......dollars,* Durable-goods industries....«.«.•••••••••••••••*•*.do.... Ordnance and accessories.... .....do.... Lumber and wood products (except furniture)......do.... Furniture and fixtures. ..••..«, .........doo..* Stone, clay, and glass products ...•do.... Primary metal industries. ...«. do.... Fabricated metal products 3/...*...«..o»..»....»»do*.»» Machinery (except electrical).0... 0.....••do.... Electrical machinery*....<>•.««•••<>••••»•«••••••• .do...0 Transportation equipment. •••• ••• do.... Instruments and related products.........0 do...* Miscellaneous manufacturing industries.* do.... Nondurable-goods industries.».... do.... Food and kindred products..,,*..«...oo..«»*••••••do.... Tobacco manufactures. •• .do.0.. Textile-mill products. ...»..do0... Apparel and other finished textile products......do.... Paper and allied products...... do.0.• Printing, publishing, and allied industries......do.... Chemicals and allied products..0.«..«. ...odo...« Products of petroleum and coaloo»«..*.....o.«....do.... Rubber products „« do.... 0 Leather and leather products.*.00. ..•.....•do.... Average hourly earnings, all manufacturing...........do...o Durable-goods industries...........o odo.... Ordnance and accessories... .....do.... Lumber and wood products (except furniture)......do.... Furniture and fixtures.. «,0 ..do.... Stone, clay, and glass products..................do.... Primary metal industries.,.. o..0 <>...» .do.... Fabricated metal products l/«,.«o *odo.... Machinery (except electrical}... .*...«......do.... Electrical machinery.<, • do.... Transportation equipment .do.... Instruments and related products....O.o .....do.... Miscellaneous manufacturing industries..<>*. o.... .do.... Nondurable-goods industries,. «. do.... Food and kindred products o..do.... Tobacco manufactures...««.«....«•.....««..••••••.do.... Textile-mil 1. products..** o do.... Apparel and other finished textile products...*..do.... Paper and allied productso....««>.* do.... Printing, publishing, and allied industries.««...do.... Chemicals and allied products.oo.....o...........do.... Products of petroleum and coal..0 «>..•• do*... Rubber products. « .do.... Leather and leather products...... do.... FINANCE Federal Government finance: * Receipts, Treasury, total.«..*.* ail* of dol.. Receipts, net...« .do,... Customs o • .....do.... Income and employment taxes...... do...* Miscellaneous internal revenue.... do.... Expenditures, total • do.... Interest on debt. * do0... National defense and related activities.....«.*..»*do**** ! Bonds, prices (Standard and Poor s Corporation): Industrial, utility, and railroad (Al+issues): Composite (17 bonds)...* dol. per $100 bond.* FOREIGN TRADE Exports, including reexports, total £/«,... mil. of dol.. Exports of Ue S. merchandise, total 2/..••••••.•• do**** By economic classes: Crude materials thous. of dol.. Crude foodstuffs.*.«..*..<>•« • •• *do.*.. Manufactured foodstuffs and beverages .....do..*. Semiisanufacturas. ««.,*««.•»««•««•.*••••••**•«•«••••• «do. ... Finished manufac tares. » • ••••..».. • ^ *do. * *. By principal cconicditji.es: Agricultural pctx&jnts, toto2»<.«*.***,o»o«*««••*•«.£o*.«. Cotton, ursaarmfae cured. ••e **»».,* o *•«•••«••••••«»«&>•••• Grains and preparations«0.«*«> »**•*«•••••»«»*»**.*do..«. Nonagricultural products, -total**««<»*»»•«• .«<>••• ...do*... Automobiles, parts, and accessories 2/.•««..*•«««do.«*. Chemicals and related products 2/0».o.*•.*«••••«odo*,.. Iron and steel-raill products*............«•*»*.»*do..». Machinery 2/........*.. 0..o..*••«•«do.... Petroleum and products «0 ••..•do..*. Textile and manufactures.... * •>»*<> .do* • • • 1951 1950 November December September 62.23 66.34 70.53 57.03 56.87 63.66 70.14 66.20 72.03 64.33 71.78 65.47 57.01 57.19 58.07 42.45 53.19 44.50 64.92 74.52 65.52 78.32 66.52 45.94 1.534 1.587 1.625 1.391 1.335 1.505 1.678 1.580 1.675 1.539 1.790 1*544 1.351 1.419 1.386 1.123 1.307 1.206 1.472 1.901 1.560 1.901 1.603 1.225 63.88 68*32 68.34 57.59 56.77 63.60 74.36 68,26 74.20 65.15 75.18 66.75 57.50 58.U 59.85 43.72 53.57 45.88 66.44 76.42 66.43 78.32 68.76 47.26 1.543 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 1.578 1.901 1,653 1.234 3,184 2,851 54 2,250 746 3,102 142 1,446 4,474 4,211 54 3,538 764 3,742 968 1,510 6,524 6,209 42 5,691 707 | 5,163 580 2,628 121.1 121.1 118.0 978 966 .1*065 1,052 173,449 72,109 53,526 106,506 559,980 264,911 79,581 78,102 700,660 71,071 67,ia 39,616 223,363 48,478 52,052 5*65*49 rTl.Ol P76.47 r6l.51 r58.40 r65.74 P75.79 r70.U r77.24 r68.o6 r77.43 r69.93 r57.6l r58.67 r62*06 r44.75 48.74 45.89 65.57 r77.69 r68.43 r33.21 r70.18 r45.92 rl.612 rl.7Q7 rl.730 rl.515 rl.421 rlo584 rl.835 rl.682 rl.788 rl-,640 rl.884 rl.657 pl.426 rl.489 rl.450 pl.133 1.321 1.289 1.532 rl.982 rl.641 r2.010 rlo7!6 rl.279 November December 1-65*81 rTl.Ol r74.9l p60.64 P58.92 r64.95 P75.57 P70.18 P77.49 P68.76 r76.% P70.68 P58.44 P59.Q4 r63.08 P46.18 r50.46 r44o% P66.19 P76.85 r68.80 r80.60 69.51 P45.92 rl.625 pl.7n pl.726 rl.501 1.430 rl.588 rl.821 rl.691 rl.798 rl.653 rl.89l rl*667 rl.443 rl*506 pl.502 rl.175 1.335 rl.270 1.550 rl.991 1.646 rl.995 1.712 rl.290 pi. 587 pl.852 pl.697 pl.818 pl.671 pl.898 pl.683 pl.469. pl*5n pl.507 pl.176 pl.339 pl.281 pi. 558 P2.009 pl.659 P2.015 pl.734 pl.29l 3,951 3,521 47 2,935 805 5,178 173 3,015 5,576 5,279 44 4,599 823 5,627 1,057 3,070 116.9 115.3 114.8 1,232 1,222 rl,155 1,347 1,386 1,376 186,824 80,124 56,971 117,274 610,507 205,611 106,297 65,570 145,363 697,156 271, no 97,774 61,709 3J27,630 588,168 299,616 109,012 73,316 U8,016 745,565. 301,925 97,912 86,685 749,774 71,276 66,528 39,929 246,908 53,960 54,209 305,683 70,817 115,935 914,311 98,936 85,327 54,803 254,327 83,879 62,354 348,375 116,103 103,443 798,615 73,576 71,109 45,874 224,946 71,562 49,742 415,070 165,400 119,307 960,455 95, Tit 90,053 56,500 297,982 71,729 69,927 p/ Revised. £/ Preliminary. I/ Except ordnance, machinery, and transportation equipment, ary 1952 Survey, October r71.U r75.l6 r62.17 i-58.66 r66.00 r75.41 r70.43 r77o90 r68.27 r76.95 r70«22 r57.% r58,00 r6l.78 r45.26 49.29 43.57 66*07 r76*35 r68.26 r81.40 r68000 r45.42 rl.615 rl.706 rlo7!6 pl.509 rl.417 rl.579 rl.817 rl.689 rl.795 rl.649 rl.886 pl.660 1.431 1.491 rl,471 rl.143 Io325 1.263 1.540 rl.978 1.633 rl.995 rl.700 1.283 2,708 2,635 52 1,653 885 5,483 497 r3,166 P72.58 P75.56 P59.32 P61.23 p65.3B p*77.78 P71.95 F79.81 P70.68 P78.39 P72.03 p6l.26 p60.44 p63.75 F46.10 P52.76 P46.37 p67.46 P79.36 p69o84 p82.62 P70.40 P49.32 plo635 pl.724 pl.729 pl,461 See note on corresponding item in the Janu- MONTHLY BUSINESS STATISTICS —Continued Earlier data are available in monthly issues of the Survey and the 1951 Statistical Supplement lc>51 IS 50 November December September October - November December FOREIGN TRADE » Continued 854,150 84% / 99 866,715 8*7t*593 718,080 742,632 832,382 870-708 818,400 255,658 142,245 73,845 215*630 156^141 270,563 148,227 63,689 227,931 146,783 236,512 • 122,075 75,186 168,^35 140,524 256 679 167,016 92,786 191,733 213 <5*5') 364,907 88,085 68,441 18,089 39 , 188 478, 593 79,39i 28,024 37,367 50,7% 356,388 84,139 71,309 JU.,^64 "38,216 500,805 104,738 27,808 41^058 53 , 9% 331,425 80,560 59,537 29,106 U.131 411,207 58,008 31,168 38*758 42^911 117,074 52,759 29, 570 /*?, 15 3 482 , 341 69,764 36, ISO 50,009 51,022 827 ^LL By econoTilc classes: Manufactured foodstuffs and beverages* *«••»»..*». *do * * • • l£>2 495 184.934 80,669 183 451 1A/ Q^«? By principal commodities! Nonf errous ores , metals , and manufactures *«>s.$&9odo.«»e 388,367 378 975 127 025 *>L A89 24,379 30,728 44B,568 59,732 31,025 47,814 48,951 TRANSPORTATION Freight car loadings (Federal Reserve indexes): Total, adjusted, . . . e * o « » « • «3 935-39=100* . 136 126 198 157 166 72 184 53 146 FOODSTUFFS Stocks, cold storage, end of month: 40,032 Butter, creamery* ••••••«<>•« ... ••<•«•*•«»•<> ..Othous» of lb»* 159,874 261,259 479,^53 454,011 61 Eggs, shell.... • .«..••..»....*••.•• .•••••thcus. of esses*0 75,582 602,892 124,307 9,416 384^094 326, '300 57,794 269,6/0 METALS AND MANUFACTURES Iron ore (Lake Superior district): Shipments from upper lake ports** ••••thous* of long tons*. 6,993 6,051 Steel products, net shipments, total »*thous0 of short tons.* 671 152 280 648 540 131 1,673 170 Strips Cold rol"ied«<»<,.«««».«.e«»0o««0*. ..«.«.««»««. do«»«* 196 Hot rolledo «o«o..««ee*«<>e9*«.»««« » « « . * odo •0 « • 389 376 Z.8A Copper: Production: 90,148 101,410 111,985 51,805 Cotton: I/ 140 129 194 162 158 72 199 52 151 133 130 211 142 132 81 205 46 143 135 134 206 344 154 83 r!80 46 Vi4 33,621 105,192 212,493 449,989 4?5,170 34 47,310 839,565 160f 544 10,479 569,265 499,408 69,857 281,972 7,684 113,501 272,053 599,766 515,766 958 151,293 550»0'*7 102,301 7*227 354*331 325,959 28,372 166,242 28,375 94,611 259,415 571,229 554,175 527 121,^9? 530,637 135,560 9.767 307,599 276 > 25 5 31.344 259,920 873 6,433 732 152 336 717 551 140 1.843 178 ?07 365 401 A5? 12,672 6,207 712 160 314 719 657 139 1,548 162 185 386 358 456 11,089 r6,844 r785 rl70 r315 r809 r684 rl65 r1,716 r!84 r!99 r442 r394 r505 5,695 *6,509 ^773 *155 *283 *784 *666 *136 ^1^693 *165 *184 ^421 *327 *479 791 91,218 I09,4j64 121,954 49,040 74,165 74,354 121,879 62,093 87,8% 104,148 125,286 78,192 r82,6!7 103,614 rl23f646 68,160 86,067 98,532 119,577 71,528 1,012,642 784,636 722,004 905,062 730,817 672,715 22,153 20,751 12,979 530 12,171 143 22,084 20,730 9,942 523 9,376 Vil 21,895 20,714 9,247 474 8,745 128 21,609 20,394 11,393 460 10,721 i?A 21,758 20,519 9,050 464 8.486 125 21,516 20,264 8,336 439 7,823 118 137 140 218 152 159 70 180 46 144 133 127 206 144 143 68 235 44 MP r28,000 22,821 r 59, 349 26,857 220,889 r232,968 r489,932 /»67,%? r 522, 076 492,909 r230 U9 67,833 r95,143 r727,203 1,002,1351 Tl98,647 242,3s r!2 6^6 IA 500 r421f099 627,736 r 381, 870 572,804 r39.229 54,932 r3Q9?9^3 302,144 TEXTILE PRODUCTS Manufactures, spindle activity (cotton system spindles): Active spindles, last working day, totalo..«.thou8ands«,« Spindle hours operated, all fibers, total.,. mil. of hr». r/ Revised. .*/ In the January 1952 Survey, November • data incorrectly appear in the October coluran. I/ Data for November 1950 and Oeto"" ber 1951 cover 5 weeks, other months, 4 weeks.
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