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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE OFFICE OF BUSINESS ECONOMICS JANUARY 30, 1953 Avoliable only with subscription to the monthly mcgazina SURVEY OF CURRENT BUSINESS SELECTED BUSINESS INDICATORS 1935-39 * 100 BILLIONS OF KILOWATT-HOURS 9.0 300 STEEL PRODUCTION (Ingots and Steel for Castings) ELECTRIC •- POWER PRODUCTION By UTILITIES 250 200 1 150 too i iii i i . i I i i i I r i . i I i . i ! , i , I i i i i i i . i ! i i , ! , , , i i i ,i T. MOV. HOURS DOLLARS 1947- 49 s 100 160 1.80 MANUFACTURING EMPLOYMENT and PAYROLLS 140 8.60 S20 1.40 SO© S.20 DSC. 52 HOURLY EARNINGS and HOURS in MANUFACTURING (.00 1949 (950 1951 $962 J949 1952 1951 1950 1 WEEKLY BUSINESS STATISTICS 1952 19 53 1 TCM Jan. Commodity prices, wholesale: A l l commodities ...... .. , .. 1947-49=100 Farm products ....,, .... ., . , . do Foodst processed ,. , . . . . , . do A i i other ............ .... . do . , . 0 . . . . 22 commodities (revised series) 2/ do Cotton, m i d d l i n g , 15/16", 10 markets 37. dol. per Ib.. Wheat, No. 2, hard winter (Kansas City) 3/. . . .do! . per bu . . Department store sales 1947-49-100 Insured unemployment, total . .. thous F i nance : Currency in circulation 3/ „ m i l . of dol.. Federal Reserve bank credit, total , S do 4 ,.. Member bank reserve balances , do.... Excess reserves, estimated „ do.... Federal Reserve reporting member banks in leading cities: Bank debits total mi I of dol New York City do. . . . Deposits, demand, adjusted . do Loans and i nvestments, tota 1 . . . . . . . . do. . . U . S , Gover nme nt ob 1 i gat i on s do .... Commercial industrial and agr ioans (gross) do Fa i 1 ures, i ndustr i a 1 and commerc i a 1 number . . Bond yields, domestic corporate (Moody 's) 3/ percent.. Stock prices, 480 stocks (Standard and Poor 's) .. 1935-39=100, . Industrials, 420 stocks . , do,... Production: Bituminous coal 3/ thous, of short tons.. E lectr i c power , by ut i 1 5 1 ies . . „ . m i l . of kw -hr . . Petroleum, crude 3/ Steel 47 . Freight car load ings, total Mi seel laneous * thous. of bb 1 . . 1935-39=100, . thous. of cars,. do J./ Data do not always cover calendar weeks. 2/ Tuesday prices. for January 1952. # Monthly index for December 1952. 19 *! 13 0 *l 10 0 *l 10. ! .*l 14.3 107 3 .417 2.51 90 1,422 1,376 Jan. 26 Dec. 27 Jan. 3 Jan. 10 Jan. 17 Jan. 24 90 5 .328 2.41 81 1,232 1 , 152 109 8 101 . I 104.0 i 12.9 91 1 .324 2.41 89 1 287 1 205 109 8 100.7 104.4 1 12.8 89 8 .32! 2.40 92 109.6 100, i 104. i ! 12.8 69 2 . 326 2.41 30,712 27,499 21,050 668 30,456 26,996 20,785 371 30, 143 26,695 20,902 595 29,887 26, 166 20,660 397 29,70! ?">,904 20,74! 495 26,549 9,866 54,586 73,583 32, 166 21,286 142 3.23 189.7 207.5 35,937 16,010 54,705 78,817 32,62! 23,308 95 3. 19 197.6 214.4 31,341 13,510 54,648 78,504 32,502 23,206 89 3.20 199.8 217. ! 28,409 1 1 , 905 54,467 78, 1 10 32,370 22,980 163 3.20 199,0 216. 1 28,963 1 1, 122 54,847 77,961 32,263 23,007 158 3.21 197.0 2!3.4 1,870 7,616 88,535 6,099 231.3 728 362 1,304 7,550 98,340 6,507 238.9 521 275 1,539 7,713 100,714 6,428 245.7 563 300 1,600 8,210 131,042 6,380 248.0 688 357 1,583 8, 121 138,778 6,434 250.8 705 369 !07 6 .418 2.52 83 i , 408 1,362 #109 '6 #99 6 #104.3 #1 12.9 90 2 .328 2.43 146 1,014 940 28,543 24,372 20,488 898 28,354 24, 1 16 20,660 1,087 27,296 10,277 54,544 74,217 . 32,283 2 1 , 44 ! 158 3.24 187.0 204.2 !,888 7,540 9 1 , 940 6, 101 229.6 748 371 3_/ Dai ly averages, 12,363 173 3.23 197. i 213,7 140,396 25 i, 8 47 Week ending January 31, 250.8. * Monthly index MONTHLY BUSINESS STATISTICS Earlier data are a v a i l a b l e in monthly issues of the Survey and the 1951 Statistical Supplement 1951 November 1952 December September October November December BUSINtbb, HUHULAl I ON Industrial and commercial failures: Fai lures, tot a ! Commercia I service Construct i on Manufacturing and m i n i n g Retai I trade Wholesa le trade .. L i ab i I i t i es, tota I Commerc i a I ser v i ce Construction Manufacturing and m i n i n g Retai I trade Who Iesale trade 587 48 68 106 307 . 58 17,567 952 3,740 6, 158 4,369 2,348 612 48 71 131 296 66 19,403 1,874 2,251 6,515 5, 177 3,586 539 36 50 107 288 58 20,138 947 2,729 6,780 5,317 4,365 631 52 88 146 291 54 35,049 2,175 5,167 13,079 6,078 8,550 18,757 3,027 1,588 5,853 5,865 2,424 583 43 76 131 288 45 23,400 953 5,068 8,458 7,046 1,875 Contract awards, 37 States (F. W. Dodge Corp.): Tota I projects,. .. . number . Total valuation thous. of do I, Bui Id ing, tota I do... 36,323 931,768 771,590 28,832 1,234,339 939,I I I 47,006 2,039,203 1,790,838 50,542 1,310,958 1,072,833 41,569 1,248,803 989,905 34,661 1,467,384 I, 147,680 DOMESTIC TRADE Magazine advertising: Cost, total thous. of do I. Apparel and accessories do... Automotive, i n c l u d i n g accessories do... Bu i Id i ng mater i a Is do. . . Drugs and toiletries do... Foods, soft drinks, confectionery do... Beer, wine, liquors do... Household equipment and supplies do... Household turn ishings do. . . I ndustr i a I mater i a Is do. . . Soaps, c leansers, etc do. . . Smok i ng mater i a I s , do. . . A I I other do... L i nage, tota I thous . of I i nes. Mail-order and store sales,totaI,2 companies..thous. of dot. Montgomery Ward & Co do. . . Sears, Roebuck and Co do. . . r55,8M r4,228 r3,658 r1,94 I r6,686 r7,883 3,254 r3,845 r3,5!5 r3,347 1,361 r1,169 r14,925 4, 129 398,865 121,494 277,371 46,I 13 3,333 2,985 865 5,698 6,247 4,443 3, 136 2,099 2,891 854 1,532 12,028 3,346 477,842 146,189 331,653 56,978 6,469 4,366 3, 127 6,653 6,883 2,388 3,688 2,747 3,774 1,266 1,437 14,182 4,798 373,724 102,462 271,262 63,494 5,250 4,775 3, 139 7,556 9,047 2,924 4,590 4,015 3,981 1,509 1,480 15,228 4,898 418,732 I 18,142 300,590 63,849 4,296 5,102 2,363 7,657 8,753 3,250 4, 171 3,290 4, 175 1,429 1,527 17,838 4,299 391,569 108,525 283,045 3, 162 546,465 155,594 390,870 46,852 15,890 917 2,633 4, 165 10,109 1,907 4,734 6,497 47,663 15,913 916 2,518 r47,789 r16,430 r47,89l r48,006 r16,539 r16,622 4, 161 10,660 1,912 4,702 6,881 r2,763 r4,228 r9,970 1,971 r4,829 6,712 12,904 7,314 50 719 294 472 I, 149 12,91 I 7,322 52 696 296 465 I, 164 r13,285 r7,444 r63 r7!9 r304 462 r l , 153 805 1,255 718 1,234 230 388 5,590 I, 160 85 1,132 1,008 41 I 519 542 197 219 317 806 1,269 726 1,235 232 381 5,589 I, 122 85 I, 141 1,035 410 520 538 196 219 323 104.3 103.3 129.8 .number . do.. . do... do... do. .. do... thous. of do I. do. . . do.. . do... do. .. do... 590 61 62 121 280 66 CONSTRUCTION AND REAL ESTATE EMPLOYMENT AND WAGES Employees in nonagricuIturaI establishments: Tota I, unadjusted ,thousands. Manuf actur i ng do. .. Mi n i ng do. . . Contract construct ion do. . . Transportat i on and pub Me ut i I i t i es do. . . Trade do. . . F i nance do. . . Ser v i ce do... Government do. .. Production workers in manufacturing industries: Tota I , do... Durab le-goods industries do... Ordnance and accessor ies do. . . Lumber and wood products (except furniture) do... Furniture and fixtures do... Stone, clay, and glass products do... Primary metal industries do... Fabricated metal products (except ordnance, machinery, and transportation equipment) thousands. Machinery (except electrical) do... E lectr ica I machi nery do. . . Transportat i on equ i pment do. . . Instruments and related products do... Miscellaneous manufacturing industries do... Nondurab le-goods i ndustr ies do. . . Food and k i ndred products do. . . Tobacco manufactures. . do. . . Text i le-mi I ! products do. . . Apparei and other f i n i s h e d textile products do... Paper and a l l i e d products do... Printing, p u b l i s h i n g , and a l l i e d industries do... Chemicals and a l l i e d products do... Products of petroleum and coal do... Rubber products. do. Leather and leather products do... Manufacturing production-worker employment index: Unadjusted (U. S. Department of Labor) 1947-49=100. Adjusted (Federal Reserve) do,.. Manufacturing product ion-worker payroll index, unadjusted (U. S. Department of Labor) 1947-49=100. rj Revised. £/ P r e l i m i n a r y . r886 r87l r2,702 r4,24l r10,105 r874 r1,968 r2,6!3 r4,234 rIO,301 rl,972 r4,770 r4,727 6,695 6,663 r13,378 r7,583 r63 r13,447 r7,709 63 696 r3!5 r700 309 465 rl,!62 p48,836 p i 6,677 r467 r1,172 p2,444 p4,239 p10,878 pi,979 p4,70l p7,049 p i 3,487 p7,778 p65 p668 p3!6 p462 pt,184 355 522 535 203 r222 355 524 535 r203 r226 r357 p87l pi,287 p80l pi,44 I p253 p430 p5,709 pi,104 p85 pi,161 pi,078 p427 p527 p535 p20l p229 p362 104.4 103.5 r 107.4 r!05.6 M08.2 H06.5 r108.7 M07.6 p!09.0 p!08.I 132.9 r!42.I r144.2 H45.3 p!48.8 r82l r844 rl,!93 743 rl,330 242 414 r5,84l r1,314 91 r l , 141 rl,2!5 764 rl,387 246 428 r5,795 rl,235 91 rl,068 r4l I r5!5 526 203 r2!7 rl,150 rl,065 r4!7 r860 rl,248 r78l rl,423 r250 r434 r5,738 rI,157 r88 rI,161 rl,066 r42l MONTHLY BUSINESS STATISTICS —Continued Earlier data are a v a i l a b l e in monthly issues of the Survey and the 1951 Statistical Supplement 1951 November 1952 December September October November December EMPLOYMENT AND WAGES - Continued Hours and earnings: Average weekly hours per worker, a l l manufacturing..hours.. Durable-goods industries do.... Nondurable-goods industries do.... Average week Iy earnings, all manufacturing dollars.. Durable-goods industries do.... Nondurable-goods industries do.... Average hour I y earnings, all manufacturing do.... Durable-goods industries do.... Ordnance and accessories do.... Lumber and wood products (except furniture) do.... Furniture and fixtures do.... Stone, clay, and glass products .do Primary metal industries.... .....do.... Fabricated metal products (except ordnance, machinery, and transportation equipment) dollars.. Machinery (except electrical) do.... Electrical machinery do.... Transportation equipment do.... Instruments and related products do.... Miscellaneous manufacturing industries do.... Nondurable-goods industries do.... Food and k i ndred products do. ... Tobacco manufactures do. ... Text i le-mi I I products do.... Apparel and other finished textile products do.... Paper and a l l i e d products do.... Printing, p u b l i s h i n g , and a l l i e d industries do.... Chemicals and a l l i e d products do.... Products of petro leum and coa I do.... Rubber products do.... Leather and leather products do.... 40.5 41.5 39.2 65.85 71.05 59.07 .626 .712 .724 .499 .431 .590 .826 41.2 42.2 39.9 67.40 72.71 60.45 .636 .723 .721 .475 .440 .585 .842 41.3 r4l.9 r40.4 70.04 r75.84 r62.42 U696 rl.810 rl.865 rI.589 rl.486 rl.656 rl.993 41.4 42.2 40.3 70.59 r76.72 r62.47 1.705 rl.818 r1.855 rI.574 rI.494 rI.673 rI.984 41.2 r42.0 r40.2 r70.78 r76.82 r62.83 rl.718 r 1.829 r 1.840 rl.565 rl.,507 rl.695 2.000 p4l.8 p42.7 p40.7 p72.36 p78.6l p64.06 pi.731 p1.84 I pi.843 pI.504 pi.512 p1.701 P2.024 .689 .797 .653 .893 .670 .446 .507 . 508 .177 . 335 . .271 .548 .992 .644 . 997 .715 .288 .697 .813 .666 .906 .683 .462 .515 .516 . 178 .341 .278 .558 .016 .653 2.013 .794 .286 r 1.768 rI.872 r1.72 I 1.357 rl.296 rl.634 r2.096 1.718 r2.167 rl.829 rl.328 rl.785 1.885 J.730 r2.038 r1.767 rl.513 rI.550 rI.546 1. 188 1.362 I .284 1.632 2. 100 1.714 2. 156 1.823 1.338 rl.794 rl.90l rl.732 r2.043 r 1.777 rI.526 1.563 r.l.58l rl.2IO rI.365 r1.276 r 1.64 I r2.097 rl.726 r2.161 r 1.876 rl.347 pi.810 pi.916 pi.739 p2.060 pi.799 pI.545 pi.574 pi. 596 pi.218 pi.368 pi.293 p i . 643 p2.131 pi.731 p2.185 p1.90 I pi.347 m i l . of dol.. do.... do.... do.... do.... do.... do.... do.... 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 6,875 6,585 52 5,834 877 6,070 559 4,008 3,355 3,099 65 2,227 923 6,383 572 3,723 4,731 4, 151 44 3,624 888 5, 161 185 3,302 6,350 6,003 51 5,024 939 7, 124 I, 146 4,081 do.... do.... do. ... do.... do.... do do do do.... 243.3 53.4 I 13.7 1.7 .7 49.4 10.9 8.2 5.3 1,819.6 212.6 I,134.4 152. I 41.7 80.9 69.6 80.9 47.4 I,158.3 77.7 754.9 95.0 42.0 75.7 42.4 47. I 23.5 522.7 99.0 201.9 8. I 88.9 56.8 14.9 40.5 12.6 248.7 63.0 113.5 2. I .9 51.5 2.9 8.0 6.8 1,742.3 193.5 1,038.I 154.4 47.8 95.0 88.4 79.4 45.7 137 140 218 152 159 70 180 46 144 133 127 206 144 143 68 235 44 142 134 135 189 140 123 70 235 45 144 127 93 188 139 157 76 r233 46 145 134 123 195 152 147 76 233 46 144 131 III 191 152 131 69 248 45 144 3,375 203 4 8,586 2,459 5,31 I 7,855 1,456 298 3,889 1,201 2,336 5,693 331 I 13 12,028 3,822 7,691 8,914 25 6,996 14,194 8,235 5, 169 5,294 33 2,030 7,075 4,253 2,472 24,003 8, I 13 10,456 792 449 173 28,000 59,349 232,968 22, 113 27,051 222,136 496,386 498,340 141 67,200 6,221 111,319 262,467 556,897 530,091 1,709 123,661 26,892 102,177 256,885 532,993 576,522 1,000 r24,94 I r83,95 I r242,509 r493,402 r569,974 r393 r72,462 20,198 72,418 236,833 458,833 556,504 156 50,497 2.018 rI.760 rl.507 1.545 r1.52 I rl.187 FINANCE Federal Government finance: Receipts, Treasury, total Receipts, net Customs Income and employment taxes Miscellaneous internal revenue Expenditures, total Interest on debt National defense and related activities Stocks: Cash dividend payments p u b l i c l y reported Finance Manufacturing Mining Commun i cat i ons Heat, light, and power Rai Iroad Trade Mi see I laneous TRANSPORTATION Freight car load ings (Federal Reserve indexes): Tota I, adjusted 1935-39= 100.. Coa I , do.... Coke do Forest products do.... Grain and grain products do.... Livestock.;. do Ore do Merchandise, I.e. I do Ml see I laneous do Freight-car surplus and shortage, d a i l y averages: Car surp I us number . . Box car s do Coa I cars do.... Car shortage do.... Box carsT do Coal cars do. ... FOODSTUFFS Stocks, cold storage, end of month: Apples, fresh Butter, creamery.. Cheese, total Fruits, frozen Vegetables, frozen. Eggs: She I I Frozen jr/ Revised. Preliminary. thous. of bu.. thous. of Ib.. do '. do do thous. of cases.. thous. of Ib.. r528,OOI 522,076 230 95,143 95,333 MONTHLY BUSINESS STATISTICS—Continued . 19 51 and the 1951 Statistical Supplement November ., . . _!. 19 52 December September November October December- FOODSTUFFS - Continued Stocks, co id storage, end of month - Continued Meats , tota 1 thous . of 1 b . Beef and vea 1 do. . . . Lamb and mutton do.... Pork, excluding lard ...do.... Lard ..... 5 . do Poultry..., . . do. 4 687,974 198,647 12,536 381,870 39,229 309,943 9! 2, 247 234,679 !3,720 548,604 53,614 302, 1 5 1 587,234 184, 158 12,553 290,93! 109, 157 182,786 556,828 214,^94 i 6 , 00? 234 , 894 78,99? 279. 191 r 692 69 ! •-252,306 r • i 580 r3!Q,64-3 r85 9? 5 r 9 9/1,47 A 601 1 ,555 2,066 1,881 967 1,879 2,338 2,555 r ! ,046 2,224 r2,939 2,953 847 i , 9^ <3 2,577 2,44! 819,334 896,957 88 1 , 877 340,425 820,265 861,248 863,959 338,617 r807, 132 r756,433 r749,664 r427,350 r 897, 65! r85 1,888 r 864, 907 r4!4.323 100,090 122,649 121,972 66,635 106 947 1 18,200 ! !9,040 65,795 r9 1,582 100,268 r 93, 032 r99, |Q5 r !0~,8^ r i i 1 288 r ! 09 I j r 10' 3C8 264,508 297 , 894 293,829 1 18,980 274,755 29 1 , 707 292,939 1 1 7 748 r 298, 820 256,92! 255,785 i 4 I , <3 ! 5 r 320, 485 r293 ~!A * 313,393 32 1 , 822 3 i 6, -025 93 520 79 1 , 794 305,258 304,4! 1 94 , 367 r259,527 r245,05l r244,705 r 130,595 rla Q^R 4? 4 ^0 ! 00 1 ?'s 63 i 503 . 09 ! I p 582 237 073 LEATHER Leather production: Calf and kip Cattle hide.. Goat and kid Sheep and lamb.... thous. of skins.. thous of hides .thous. of skins.. do..., .......... 567 1,750 1,847 2, 159 PAPER AND PRINTING Paper, e x c l u d i n g b u i l d i n g paper, newsprint, and paperboard (American Paper and P u l p Association): Orders, new « short tons. . Production...., do. Sh i pments do. ... Stocks, end of month do.... Fine paper: Orders, new . . . do Product i on . . . do Sh i pments ... .do. . Stocks, end of month ... . . .do. Pr i nt i ng paper : Orders, new . do. ... Product ion , do. . . . Sh i pments ....... t ........... do. ... Stocks, end of month do Coarse paper: Or der s , new , do .... Product i on ., . do Shipments ,...,..., . . ......... . .do . . . Stocks, end of month . do 762,000 80 ! , 000 797,000 417. 800 s ^u. L " '}'~» ^ ^^ 5 5 3i>> -; 4 r n i/ r- ^r f * c, r^~ , j5b r280,050 r 124 480 r} -> "• fl c,- RUBBER AND RUBBER PRODUCTS Tires and tubes: Pneumatic casings: Production Sh i pments Or i g i na 1 equ \ pment Stocks, end of month Inner tubes: Product i on Sh i pments Stocks, end of month . . thousands .do. ... ., . do do 7,374 6,081 2,391 6,888 6,441 4,517 1,800 8,765 7,391 8,049 2,826 9,960 8 663 7,846 •^ , 700 10,8?! 7.^84 - , 890 ? f^; 12,27? do. ... do do 5,500 4 803 8 378 5, 143 3 556 10,094 5,397 .5,984 10,086 6,220 5 859 10 386 5, 1 17 4,617 10,910 . r/ Revised. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300 FIRST CLASS OFFICIAL BUSINESS Permit No. 1009 WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS
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