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SURVEY OF CURRENT BUSINESS
;£^%^
WEEKLY SUPPLEMENT
®
UNITED STATES DEPARTMENT OF COMMERCE
R
OFFICE OF BUSINESS ECONOMICS
I-.,: . :<i\y w,th subscription to the monthly magazine SURVEY OF CURRENT BUSINESS
JULY II,
1952
SELECTED BUSINESS INDICATORS
BILLIONS OF KILOWATT-HOURS
9.0
' i STEEL PRODUCTION
j (Ingots and St»*l for Costings)
ELECTRIC . POWER PRODUCTION
By UTILITIES
250
200
6.0 -/•*-**
S50
iOO
, , , { , , . i , , . , i , 1 1 i , , , i i , 1 1 i , , , i , , i i > i- i i ( i i , t i , . i i . 1 1
J/U.
FEB.
MAR. APR. MAY
JUNE
JULY
AUG.
SEPT.
OCT.
MOV. DEC.
BILLIONS OF DOLLARS, SEASONALLY ADJUSTED
16
SEASONALLY ADJUSTED, 1947-49»100
tso r
5.0
DEPARTMENT-STORE SALES and STOCKS
SALES of RETAIL STORES
• TOTAL
120
iNONDURABLE
•%»^^
iOO
^
^^ DURABLE
1949
195!
1950
1950
1951
1952
1
WEEKLY BUSINESS STATISTICS
19;51
TfEtf
ITEM
June 30
Cojsraodlty prices, wholesale (revised) :
A3 1 commodities
1947-49=100. „
A13 other
. .
do . . . •
28 commodities 2/
August 1939=100. .
W
Cotton, middling, 15/16 , 10 markets 2/*
T.dol* per lb».
Wheat, No. 2, hard winter (Kansas City) J/......dol» per bu..
Department store sales
1947«49=£LOQ» •
Insured unsfflplovifl&nt total
r * * * »thoiis *
Finance;
(hHTT'flnc'.y in circulation 3/ . , . . . . « . . . . . . . . . * * . . * ,ntf 1 « a? do^ T *
Federal Reserve reporting member banks in leading cities:
Bank debits total.
.™il , of dol . ,
New York City
.do, . . .
CoiPE&Bi'C'ial
Industrial and asr loans (^ross)*
Bond ^ e^ ds dosiestie corporate (Moody* s) %/ ' • •»•
Stock" prices, 480 stocks (Standard and Poor's)
Product ion 2
BjLtxinsliKns coal 3/
.do
•
percent. .
1935-39=100..
» » * * » - , f ^,thous. of short tons..
1
Motor vehicles (Ward s). . ... i ..... c ................. .m?^ber. 0
Pntroleum crude 3/
*
thous . of bbl. «
Steel ^/.
1935-39=100. .
freight o&rloadings , total
thous • of cars . *
Miscellaneous* *
.*.....«
» «do« « «, *
J/ Data do not always cover calendar weeks. 2/ Thursday prices®«
June 1951.
1952
July 7
June 7
June U
June 21
June 28
July 5
337.4
.448
2.27
75
1,009
982
111.5
109.7
109.2
112.4
293,3
.401
2.40
ill
1.066
1,035
mT7
11"! T n
109.3
Tl?»4
293.5
.407
2.34
116
1,075
1,044
in.2
107.3
108.6
112.5
293.3
.410
2.30
96
110.7
105.5
108.2
ll? n ^
293.5
.401
2.22
91
110.7
107.7
108.0
111,9
293.3
.398
2.22
27,687
23,916
19,102
538
27,987
23,970
19,189
633
28,842
24,079
19,906
724
28,840
24,128
19,978
802
28,792
24,828
21,232
1,564
28,884
23,753
20,006
4?$
29, U8
24,155
20,153
129
26,884
10,387
49,916
70,635
31,176
19 220
188
3.21
169.8
184.8
25,269
10,329
49,340
70,268
30,886
19,153
129
3.21
169.0
183.7
24,595
10,507
52,516
73,725
31,903
20,424
120
3.16
185.0
200.3
25,693
10,389
53,202
73,956
32,060
20,518
175
3.16
187.4
203.9
*VH
14, 3U
53,924
75,000
32,407
20,776
151
3.17
188.1
204.8
29,379
12,282
52,870
75,413
32,488
20,784
163
3.17
189.7
206.7
1,906
6,898
149,886
6,099
230.2
822
395
1,4%
6,077
91,849
6,088
225.7
588
324
1*264
7,005
217, 814
5,989
90.0
634
338
1,208
7,126
1?0,314
6^058
28V.4
631
322
1,313
7,254
119,248
6^063
28.2
1,576
7.31B
116,268
6.062
27.5
649
317
*115.1
*113.9
#mri
*116.2
343.1
.453
2.30
89
888
873
Wt
321
18,1U
131
3.17
192.0
209.7
80,550
30.9
Dal3y average*, tf Week ending July 12, 34.4. * Monthly index for
MONTHLY BUSINESS STATISTICS
Earlier data are available in monthly issues of the Survey
and the 1951 Statistical Supplement
1952
1951
May
June
March
April
Ifay
June
BUSINESS POPULATION
Industrial and commercial failures:
Failures, total ......................
Commercial service.
.number . •
do. . . *
^nufactnring and mining. .....**....*..*»•.•. .*...** »do« - » »
Retail trade.
.do. «• » .
Wholesale trade. .............. T T . .................. .do. »» »
Liabilities, total
thous. of dol. .
Retal 1 trade
..do....
715
55
72
148
371
69
29,232
4,563
2,485
13,046
6,905
2,233
780
58
93
171
375
83
29,530
1,744
3,853
12,633
7,050
4,250
333
59
21,193
1,219
2,646
10,217
5,264
1,847
301
263
240
217
438
353
200
189
358
335
422
269
217
288
265
251
229
435
309
176
265
284
310
372
305
177
290
272
250
229
435
313
179
308
279
306
372
291
180
293
270
245
227
436
303
190
285
280
313
394
281
175
292
277
238
226
437
319
220
250
289
306
380
277
181
r271
270
273
282
107
275
270
280
288
100
276
271
280
289
100
276
271
281
289
101
273
272
273
286
102
206.4
208.7
209.7
210.4
2,647
1,837
918
821
81
2,810
1,933
957
853
88
2,345
1,616
799
710
77
r2,541
rl,690
r849
750
r87
r2,775
rl,807
r9!8
810
r95
2,981
1,906
965
845
104
440
164
131
166
309
810
45
303
66
225
76
95
465
180
131
180
326
877
47
310
77
265
82
%
397
201
74
123
292
729
59
301
122
115
65
67
386
194
73
136
313
r851
57
r334
r!35
175
74
76
392
188
82
157
333
r%8
55
r351
r!50
r250
79
83
403
180
93
171
359
1,075
55
368
163
320
83
86
234
192
200
174
166
183
164
171
rl%
r222
r!69
r!89
203
227
168
191
12,240
4,186
8,054
20,282
9,562
10,720
12,399
4,083
8,316
17,887
8,075
9,812
rl2,711
r4,286
r8,425
r!8,010
r8,208
r9,802
13,103
4,580
8,523
18,060
8,078
9,982
99
105
92
105
103
103
107
108
p!02
p!08
63,783
61,803
8,035
53,768
1.980
61,518
59,734
6,012
53,7p2
1.804
61,744
60,132
6,412
53,720
1.612
62,778
61,176
6,960
54,216
1.602
64,390
62,572
8,170
54,402
i-aia
755
64
%
128
385
84
23,504
1,871
4,655
5,497
7,487
3,994
699
43
71
129
390
66
22,773 1
1,006 '
3,085
5,014
7,434
6,234
638
60
75
in
COMMDDITI PRICES
Prices received by farmers, all farm product s....l9lO-lk=100..
Crops
.do. ...
Food grains.
r . .do. . . •
Feed grains and hay. ...................*T...T..T*TT .do. » » *
Tobacco.
.do* . . •
Cotton.
do. ...
Fruit
do. . . .
Erack crops
• .do. • . •
Meat $n-f TIM! g . . ......... 4 , ..... .................. .do ....
305
271
244
223
438
357
194
239
380
335
418
270
221
Dairy products
....do....
Poultry and eggs
do. ...
Prices paid by farmers:
All commodities
.,
.do ....
272
Commodities used in living. »,T,t..,TT, ,..,.,,.,.,. Tdo» r * »
270
Commodities used in production, ,.1*. *............... .do. . . . 274
All commodities, interest, taxes, and wage rates
do....
282
108
Parity ratio (prices rec'd to prices paid by farmers)... do....
Retail price, U. S. Department of Commerce:
All commodities, index, ,.,,*,,,,,,,**..
.1935-39=100. .
206.5
CONSTRUCTION AND REAL ESTATE
New construct^ o", total ......................... .mil * of dol . .
Private, total
do. . . .
Residential (non-farm) ............... r .. t T r , - . T - T T rT .do. » » »
Nev dwelling units. ............................. T .do. * . .
Additions and alterations. ..................... T . .do. » . .
Nonresidential building, except farm and public utility,
total
mil. of dol. .
Industrial . T T , . ,.»,.,
. . . .. . .......... T » ,do ,»..
Commercial
.do, . . •
Farm construction
do. . . •
Public utility
do. . . .
Public, total
do. . . .
Residential
do. . . .
Nonresident.i»l >ni5ld1ng. ....................... t ».T .do, , . .
Military «j»d naval ........................ .......... do....
Highway.
do. ...
ConsenrRtl o« and development. ...................... .do. . . .
Other types
do. . . •
Value of contracts awarded (Federal Reserve indexes):
Total, unadjusted
1947-4.9-100. .
234
Residential , unadjusted. ........................... .do. . » »
197
Total , adjusted
....do....
193
166
Residential, adjusted
do....
DOMESTIC TBADE
Retail trade:
All types of retail stores:
Es-Mmat.Ad sal as (adjusted) , total
mil . nffloitT
12,411
4,272
8,139
Nondurable-goods stores
do....
Estimated Inventories (adjusted), total
do....
20,643
9,684
10,959
Department store sales, United States total:
Unadjusted index
1947-^9=100. .
103
Adjusted index
do. . . .
104
EMPLOYMENT
Labor force (Bureau of the Census):
Civilian labor force
.thousands. •
62,803
61,193
Agricultural employment
do. ...
7,440
Nonagricultural employment.
.do. . . . 53,753
Unemployed
do. . . . 1.609
r/ Revised. j>/ Preliminary.
MONTHLY BUSINESS STATISTICS —Continued
Earlier data are available in monthly issues of the Survey
and the 1951 Statistical Supplement
1952
1951 ,
April
May
February
March
April
May
FINANCE
Life insurancef assets, admitted i
All companies (institute of Life Insurance), estimated
total
mil. of dol. .
65,156
58,309
65,4%
58,759
57,641
37,342
13,347
10,927
10,350
3,005
10,839
977
14,397
1,239
13,158
2,119
1,312
1,494
69,250
62,125
69,604
62,500
69,959
62,789
57,894
37,455
13,021
10,787
10,376
3,017
11,041
804
14,675
1,263
13,412
2,133
1,321
rl,505
68,907
61,734
60,640
38,187
11,706
9,5U
10,846
3,164
12,470
851
16,336
1,375
U,%1
2,206
1,445
1,615
60,938
38,385
11,588
9,436
10,909
3,182
12,706
785
16,459
1,388
15,071
2,217
1,464
1,628
61,237
38/587
11,546
?,409
10, %1
3,185
12,895
773
16,583
1,406
15,176
2,226
1,471
1,597
61,547
38,692
11,275
9,151
11,030
3,1%
13,190
780
16,719
1,423
15,2%
2,236
1,483
1,637
106,614
108,793
69,822
80,270
51,332
61,626
51,113
59,745
59,014
71,124
61,104
72,093
104,014
105,659
67,378
77,369
49,298
58,610
49,640
57,821
57,456
67,299
59,632
69,663
1,547
67,024
2,030
74,220
1,598
62,651
1,451
63,006
1,647
66,676
1,262
59,431
On New York Stock Exchange:
N^rk«t value.
.mil . of do! . . 1,320
Shares sold ............................... . thousands - *•
50,583
1,748
56,928
1,351
42,2%
1,219
43,464
1,373
41,601
1,077
43,060
46,173
91,087
72,221
18,866
52,564
1,721
42,421
94,645
58,971
35,673
44,935
1,788
41,129
95,360
54,937
40,423
40,922
1,861
33,857
95,685
53,726
41,959
34,108
1,755
26,062
82,369
51,974
30,395
30,539
1,395
28,063
27,498
8,944
24,060
21,388
13,608
21,914
21,491
14,035
18,368
20,282
12,093
16,472
19,986
8,550
35,136
29,871
5,265
36,768
31,536
5,232
38,568
33,040
5,529
36,736
31,515
5,221
37,065
31,824
5,240
8,410
7,703
11,108
6,601
5,601
9,897
7,328
6,099
10,662
7,440
6,744
10,891
7,964
7,381
10,943
28,620
5,321
865,207
27,893
7,002
884,516
15,546
7,746
936,386
15,009
9,757
940,071
14,166
8,955
941,185
11,642
9,349
940,454
14,727
3,081
731,674
15,912
3,713
742,589
9,114
4,645
768,047
8,648
5,536
768,745
8,045
4,997
769,763
6,793
4,546
769,9%
3,835
5,236
6,052
5,394
7,060
6,174
6,936
6,037
7,398
6,461
36,000
5,700
388,500
14,100
6,025
164,850
18,000
7,400
205,000
20,800
4,500
261,850
34,100
3,900
366,100
15,650
101,100
6,900
50,345
9,000
67,900
9,860
82,300
11,250
122,300
3,9%
32,776
478,693
19,272
2,974
29,308
446,560
18,490
3,107
29,878
478,101
16,759
2,889
r31,774
491,964
18,076
P32,157
4%, 512
18,331
49 companies (Life Insurance Association of America) :
Bonds and stocks, book value, total
Government (domestic and foreign), total
do....
do....
Public utility
do. ...
Other
do. ...
Security markets, sales (Securities and Exchange Commission):
Bonds :
Total on all registered exchanges:
MarVftt, valn« .r...,....,.........,.T.». » tho«p. of dol * On New York Stock Exchange:
Stocks:
Total on all registered exchanges:
CHEMICALS AND ALLIED PRODUCTS
Alcohol, ethyl:
Prndne+'ion, T . - » r , . r r r , , f , , . , .......... .thons. of proof gal*
*
37,740
71,001
In industrial alcohol bonded warehouses
do. . . . 62,087
8,914
52,914
Withdrawn tax-paid
do..*.
2,051
Alcohol, denatured:
28,204
21,993
8,714
ELECTRIC POWER
Electric power:
Profhictl o», total , * T * ^ * . * r ................. .mil . of kw, -hl% -
34,431
Utilities
do. . . . 29,293
Industrial ^stablrtshTpents. ......................... .do. . . * 5,138
FOODSTUFFS AND TOBACCO
Fermented malt liquors:
Production .................................. . thons . of bbl . *
7,481
Tax-paid withdrawals . ^ ........................... r r .. .do. » T .
6,453
10,921
Stocks, end of month
do. . . •
Distilled spirits:
Production, ,,,,.,,,,,,,.,.,.,.,,..,... ,tho«S. of tax g*lTi- +
Whisky:
Rectified distilled spirits, production, total
4,842
thous. of proof gal..
Whisky
do. . . . 6,066
Dairy products, production:
Condensed milk (sweetened):
Bniv goods, ................................ .thous. of l*bT .
22,225
4,200
290,400
Evaporated milk (unsweetened), case goods
do....
Dry milk:
15,600
Nonfat dry milk solids (human food)
do. . . . 70,600
Tobacco, manufactured products, consumption (withdrawals):
Cigarettes, sw^llli tar-free. ......,».,...,,.,».,.. millions-3,159
29,524
444,006
Manufactured tobacco and snuff, tax-paid
thous. of Ibs..
18,451
r/ Revised. £/ Preliminary.
MONTHLY BUSINESS STATISTICS—Continued
Earlier data are available in monthly issues of the Surrey
and the 1951 Statistical Supplement
1951
April
1952
Masr
Fsteisry
April
iferofe
Magr
LUMBER AND MANUFACTURES
£x2aber (National Lumber Manufacturers Association) :
Production, total
mil* of bd. ft. .
3,469
2,709
3,454
2,668
6,300
4,093
3,793
2,987
3,474
2,782
6,584
4,263
2,870
2,195
2,950
2,269
8,232
5,052
3,031
2 309
3*024
2,328
ft.Pll
5,032
3,197
2 537
3,251
2,591
8,123
4,944
3,031
2,380
8,151
4,972
31,912
905
8,413
685
7,583
4,798
671
5,043
72,081
70,550
1,531
31,286
974
8.708
695
7,664
4,367
609
3,306
74,807
73,109
1,698
31,757
927
8,171
673
8,434
3,877
743
7,830
76,474
74, 967
1,507
32,170
899
8.807
665
8,510
3,698
677
7,070
77,293
76,042
1,251
#V»?2
685
7,627
606
7,781
3,321
582
4,?1A
r78,141
r76,810
1,331
27,741
681
7,854
637
7,724
3,075
562
3,017
79,4%
78,033
1,463
905,445
875,512
877,033
293,832
886,155
909,757
901,561
3^*1, 420
842,191
865,400
851,819
344,664
r852,186
r8%,773
r881,775
r360,070
r814,079
r850,744
r842,399
r366,956
779,000
839,000
827,000
364,550
119,245
113, 501
112,245
64,885
106,722
117,785
117, 570
64,470
13/1,955
122,133
116,643
67,895
rl08,853
r!24,033
r1Sl,9<5<?
r69,710
r!05, 530
rll6,433
r213,880
72,250
91,000
115,000
113,000
74,000
311,555
2%, 203
297,185
110,990
307,316
306,518
304,555
112,930
288,745
290,945
290,555
130,180
r288,200
r300,497
r295,680
r!35,960
r297,000
r295,832
r293,770
r!37,8!7
280,000
291,000
288,000
140,800
291,940
285,683
287,582
73,295
295,860
302,948
298,287
78,005
286,297
293,068
289,132
75,550
r294,560
r307,066
r300,445
r82,900
r254,5lO
r277,6!2
r276,4l6
r84,090
251,000
274,000
268,000
76,000
639,272
819
764
503,038
475,316
135,415
117,483
652,727
742
702
511,938
482,263
340,047
121,461
435,216
625
525
333,885
315,499
100,706
84,670
482,973
569
499
373,231
352,645
109,173
92,033
529,585
597
507
/(Ii6,l55
396,912
132,833
97,591
503,845
423
329
397,836
381,014
105,586
90,849
3,064
•> 713
PETROLEUM AND COAL PRODUCTS
Bituminous coal:
In^nst.rl ffl <».f>ngiin>pt1 0" , +-ota,T « . . . . . . , .thou^- of short tons. .
C<wment mills. » » » . » . . .....
.
« .-t*
-
do....
Stocks, ind. and retail dealers, end of month, total. .do....
PAPER AND PRINTING
P&per, excluding building paper, newsprint, and paperboard:
Shipments
.do«. . .
Fine paper:
Printing paper:
Production
.do. ...
Coarse paper:
Orders, new
Production
.do. ...
.do. ...
TRANSPORTATION EQUIPMENT
Motor vehir»la<?? •FAc'toTy pal«s, total ................. . number. .
Coaches , total
do....
Domestic ...»
,
do....
r/ Revised.
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
FIRST CLASS
WASHINGTON 25, D. C.
OFFICIAL BUSINESS
Permit No. 1009
WEEKLY SUPPLEMENT
SURVEY OF CURRENT BUSINESS
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $300
@FedFRASER