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SURVEY OF C U R R E N T B U S I N E S S
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF F O R E I G N AND D O M E S T I C
COMMERCE
AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURPENT BUSINESS
SELECTED
JULY 16, 1948
BUSINESS
INDICATORS
ELECTRIC POWER PRODUCTION BY UTILITIES
STEEL INGOT PRODUCTION
(BILLIONS OF KILOWATT HOURS)
0935-39 * 100)
250i
WEEKLY
5.5
DATA
19.48
F/\ i
STfflKl PH/flOC
>»/
OATA NOT PLOTreC
I
XL
'
'U
'0^
*
A
\ / \
\ /
i i i i l i n !
, , [ , , , ! , :
SALES AND
I I I I I I I I I I I L U .
V
v \i
\/
3.5 i i,i-i iJ i. 1..1J i..i i.„,L .1, j.l.iaaq.1», i i l i . t n 1 i i i h n
1 taaaJaaaJ-.LxiJ
SALES OF RETAIL STORES
STOCKS
(SEASONALLY ADJUSTED, 1 9 3 5 - 3 9 ' 1 0 0 )
(SEASONALLY ADJUSTED, 1935-39 » 100)
SALES
•>
J
"V
1946
400j
DATA
300|
^c^0^**^ f \
4 1947
4.0
i I.,L L a . . I . . . . ..I.I....-I-J 1 L
DEPARTMENT STORE
MONTHLY
„rt
4.5
V
3501
WEEKLY DATA
5.0
200
150
^ • • i ^ y
MONTHLY
DATA
>v
300!
A
NONDURABLE^
25o|
200
~^-/»«Z.
r=€?T~"~
^ / ^ ^
OURABLE
200
j / ^ " STOCKS
150
rtt'TT I iTTT^ ' T 7 . . .
1111, i
, 1.1 I 1, 1 1 1 1 1 _LJL,J_LJ_
1 J
1 i i i i. i. 1
1947
1 1 1 1 I 1 1 1 1 11 1 1
1948
WEEKLY
1945
BUSINESS
i i 1i ! i i i i i
1 1 1 1 1 1 i 1i 1
1946
1
STATISTICS
1948
1947
July 5
Commodity prices, wholesale:
Al 1 commodi ties
Farm products
food
M l other
28 commodities 2/
Cotton, middling, 15/16", 10 markets $J
Wheat, Mo. 2, Hard Winter (Kansas City)
Department store sales
Insured unemployment, total %j
State programs
Veterans' programs.
.»
finance:
19 26*100. .
do. •
do..
do..
August 1939*100
dol. per lb
dol. per bu..
1935-39*100.
thou a..
do.
do.
Currency in circulation Jrf...
, . .mil. of d o l . .
Federal Reserve hank credit, total
•
....•do.
Member bank reserve balances.
do..
Excess reserves, estimated
.do....
Federal Reserve reporting member banks in leading c i t i e s !
Bank debits, total
.mil. of d o l . .
New York City
do....
Deposits, demand, adjusted.
....do,...
Loans and investments, total
do....
U. S. Government obligations
do....
Commercial, industrial and agricultural l o a n s . . . . . . d o . . . .
Failures, commercial
number..
Bond yields, domestic corporate (Moody's).
percent..
Stock prices, 4l6 stocks (Stand.and Poor's) J / . .1935-39.100..
Industrials, 365 s t o c k s ! / . . .
do....
Production:
Bituminous coal 3 /
thous• of short tons..
Electric power, by u t i l i t i e s . . . . . . . .
mil. of kv-hr..
Motor vehicles ( Wards) §J
.number*.
Petroleum %/
..v....
thous. of bbl..
Steel 2 / . .
1935-39-100..
Freight carloadings, total
..thous. of c a r s . .
Mi scellaneous
do....
July 12
June 12
June 19
June 26
148.0
179.5
164.6
132.1
302.2
.370
4/2.15
208
1,927
1.157
733
148.3
178.2
165.8
I32.I
303.4
.376
2.21
228
1.969
1.171
758
164.9
193-5
180.1
1*9-3
165.3
19*-5
180.7
1*9.5
331.0
166.7
198.4
183.0
149.9
331.0
.367
2.31
304
1,450
1.049
37*
2.26
1.417
1,018
37*
28.393
22,145
15.988
526
28,355
22,035
16,190
67O
27,866
20,955
17.15*
922
27,818
21.519
17.999
1.169
23,032
15,462
6,227
46,525
63.227
39.099
11.791
49
2.80
125.1
130.8
1.017
*.531
85.0%
5.045
154.7
807
369
19.336
7,800
46,996
63,426
35.667
1^.152
110
2.99
I36.O
143.6
2,230
5.132
103,qi8
5.480
194.0
907
388
22,904
9.555
*7.259
63,085
35.250
1*.2*5
100
2.99
135.9
143.7
2.239
5.159
103.535
5.%2
63.371
38.990
11,809
82
2.81
123.9
129. 4
m
1
4,190
60,514
5.O65
141.1
629
312
111 i 11 i i 1111
? 10
193.8
907
386
%
1,414
1.007
382
27,801
21,721
17,408
713
22,528
9.029
46,647
62,872
July 3
I66.7
197.2
184.1
149.8
328.1
•35?
2.24
264
27.957
21,900
17.389
ill
3-00
142.4
21,95*
9,244
46,420
6/62,638
3^,632
6/14,342
103
3.01
133.8
141.1
2.133
5.257
89.1*7
5.*9*
194.2
889
385
578
5,166
108,081
5.484
192.2
757
382
3M69
l*.259
July 10
327.2
.350
2.22
28,094
22,243
17,584
95*
8,057
3.03
134.1
141.4
92,757
1/ Data do not always cover calendar weeks. 2/ Thursday prices. $f Daily averages. 4/ Data exclude dark bard winter included thMWtm.
5 / For description see note in July 13, 19*6 issue. 6/ Loan, reported gross, i ! e . , before d e d u c t i o n o f ^ e s e ^ e s instead of net sTl^fJl
ously; reserves against loans on June 2 3 , 1948, totaled H69.OOO.OOO of which $96fOOO.OOO was for commercial, industrial, and agricultural
loans. 1 / Number of stocks in index currently; the change in the number does not effect the continuity of the series. 8/ United States
production of motor vehicles (passenger cars, commercial cars, and trucks). $J Week ending July 17, I83.3
z
MONTHLY
BUSINESS
Earlier data a r e available In monthly issues of the Survey
and the 1942 Supplement
STATISTICS
1948
1947
*gr
June
April
Karoh
May
CONSTHUCTIOM AMD BKAL ESTATS
Construction coet indexes*
Associated General Contractor* (all typee)
191>100.
Value of contraete awarded (federal Reserve indexes)!
Total, unadjusted
192>2>100.,
Residential, unadjusted
do...,
Total, adjustsd
do....
Residential, adjusted
do.
290
294
321
321
321
153
130
127
110
158
116
182
I56
181
148
206
181
181
154
230
195
191
I65
nil- of dol..
do. • • do...,
10,020
2.436
7,584
9.489
2,402
7.087
10,633
2.678
7,955
rlO,6l4
r2,834
7.779
10,708
2.716
7.992
1935-39-100.
do....
do....
do....
do...,
do...
•*•!• of dol.,
do...,
do...,
3OI.3
302.2
301.0
299.7
287.4
303.7
11.740
3.972
7.768
302.?
309.4
300.8
301.6
297.7
302.9
11.594
3.954
7.640
321.0
325O
319.6
327.9
341.9
323.3
14,280
5,011
9.269
r330.4
r356.6
321.8
r336-5
r357-8
r329.6
rl4,l64
r4,946
r9.218
328.2
345.8
322.5
328.9
334.8
327.0
pl3,S08
P4.809
P8.999
do....
do....
280
r2S9
266
289
284
r 304
287
299
309
thousands. •
do....
do....
do....
do....
do....
1.470
60,290
58.330
8.960
49,370
1,960
1.398
62,609
60,055
10.377
49.678
2.555
1.236
59.769
57.329 ,
6,847 !
50,482
2,440
1,236
60,524
50,883
2.193
1,238
60,422
58,660
7.861
50,800
1.761
Bank dsbits, total (l4l centers)
mil. of dol..
New Tork City
do....
Outsids New Tork City
do....
federal Government finance:
Debt, gross, end of month
do. • . .
Interest bearing:
Public issue*
do....
Special issues
do....
Nonintsrest bearing
do....
Obligations guaranteed by U. 3 . , amount outstanding...do....
Bonds:
Prices:
Domestic municipals (15 bonds), Standard and Poor's
Corporation
dol. per $100 bond..
U. S. Treasury bonds (taxable)
do....
Yields:
Domestic corporate, Moody's
percent..
By ratings:
Aaa
do....
Aa
do....
A
do....
Baa
do....
By groups:
Industrials
do....
Public u t i l i t i e s
do
Bailroads
do....
Domestic municipals (15 bonds)
percent..
U. S. Treasury bonds (taxable)
do....
Stocks:
Dividend yields: 1/
Common stocks (200), Moody's
do....
Banks (15 stocks)
do....
Industrials (125 etocks)
do....
Insurance (10 stocks)
do....
Public u t i l i t i e s (25 stocks)
do....
Bailroads (25 stocks)
do....
78,359
84,897
96.483.
39.587
56,896
91,646
37,955
53.691
87,226
35.429
51.797
DOMESTIC TRADE
All retail stores:
Estimated sales, total
Durable goods stores
nondurable goods stores
Indexes of sales:
Unadjusted, combined index
Durable goods stores
«
Honourable goods storss
Adjusted, combined index
Durable goods stores
Nondurable goods stores.
Estimated inventories, total
Durable goods stores
Nondurable goods stores
Department store sales, United States totals:
Unadjusted index
Adjusted index
BfPLOYMSNT CONDITIONS AND WAGES
Labor force (Bureau of the Census):
Armed forces
Civilian labor fores
top loyme n t
Agricultural
Nonagricultural
Unemployment
'••
FINANCS
$8
49)267
258,343
258,286
252,990
252,240
252,236
228,789
26,186
3.368
171
227.747
27.366
3.173
83
221,362
29.272 !
2.356 |
73 i
220,718
29.201
2,320
70
220,636
29.323
2.278
70
133.9
104.5
134.4
104.1
123.1
100.8
125.7
100.8
127-0
101.2
2.79
2.81
3.10
3.05
3.02 J
2-53
2.63
2.82
3.17
2^64
2.83
3.21
2.83
2.90
3.13
3-53
2.78
2.87
3.08
3.47
2.76
2.86
3.O6
3.38
2.60
2.71
3.O5
1-95
2.19
2.60
2.72
3.10
1.92
2.22
2.89
3.01
3.40
2.52
2.45
2.85
2.97
3.34
2.38
2.44
2.82
2.95
3-27
2.51
2.42
r 5 .4
r3.8
.4
rb.i
r5.1
3.5
n
li
S3
!
r5.6
4.6
r5.6
rb!o
5.9
5.5
*3-3
r5-9
r5.6
5.3
3.1
5.8
5.2
r/ Revised, p/ Preliminary. 1/ There have been minor revisions in the series for industrial and insurance stocks beginning in 194$ and
revisions in the series for u t i l i t y stocks and the total beginning 1942 and for railroad stocks beginning November 1946: revisions will
be published later.
MONTHLY
BUSINESS
Earlier data are arailable i n monthly issues of the Surrey
and the 1942 Supplement
3
S T A T I S T IC S — Continued
1946
1947
Nay
Jane
March
April
Hay
fXKANGB - Continued
Stocks - Continued
Prices*
Dow-Jones A Co. (65 stocks)
Industrials (30 stocks)..
Public u t i l i t i e s (15 s t o c k s ) . . . .
Hailroads (20 stocks)
•Standard and Poor' s Corporation: \j
Combined index (4l6 stocks)
Industrials (363 stocks)
Public u t i l i t i e s (31 stocks)
Bailroads (20 stocks)
Yields:
Preferred, high-grade (15 stocks)
dollar § per •hare.
•
do...
do...
do...
8.67
193W9-100.
....do...
.do...
do...
115.2
119.0
102.0
95-1
119*1
124.1
100.8
.percent.
3.76
1935-39*100.
do...
do...
142
155
18$
148
138
104
61.75
169.94
32.24
50.64
66.03
180.05
33-75
56.03
97.6
116.4
121.8
93.0
105.2
124.6
130.8
96.2
115*2
130.2 1
137*0
99*2
122*6
3*76
4.12
4.12
4.09
130
130
105
141
163
185
139
61.26
173-76
8£
69.U
186.38
25*16
& •32
SEAHSPOfiSaTION AND COMMUNICATIONS
F r e i g h t c a r l o a d l n g s ( f e d e r a l Reserve i n d e x e s ) :
Combined i n d e x , a d j u s t e d
Coal
*..
Coke.
.
..
>!
X 7
?
141
123
105
70
r213
145
104,170
3.*5?
95.106
2.330
1.079
1.097
161+
184
142
146
109
79
72
195
150
number.
do...
do...
..do...
do...
......do...
5.2*3
2*029
27
14.779
4.292
10,2*7
11.333
5.904
1.390
14,969
5.127
9.357
35.244
2.585
27.938
7.783
2.974
4,380
Livestock slaughter (federally inspected):
Calves
.....thous. of animals.
Cattle
do...
Hogs.
•do.
.do.
Sheep and lambs.
627
1,264
3.831
1.355
6a
5§f
1.207
3.653
1.329
r986
3.574
1.175
550
899
3.3*3
1.045
3,562
978
2,6)8
3.1*1
691
2,450
5,409
1.981
3.*2S
3.139
. 700
2,439
2,803
596
2,207
5.743
2.085
3.658
3,022
714
2,308
3.020
749
2,271
5.604
2,040
3.564
3.035
703
2.332
2.997
738
2.259
5.773
2,008
3.765
2,415 I
3.077
752
2,325
5.805
1.931
3.874
..short tons..
do....
.do....
do....
29.006
262,117
75.488
42,304
31.972
248,798
78,524
45.291
43.921
191.553
50,017
42,168
199.578
80,602
45.941
..do....
do....
do....
140,874
103.779
28,850
139.031
103,888
162,891
125.550
41,876
15?,305
114,896
36.079
1*3.337 I
111,616
39.275
thous. of short tons..
r7.339
r94.7
r6,978
r92-9
7.608
r6,21S
80.4
*7.56o
94.7]
5.1*42
561
535
5.264
501
527
563
205
1.225
?orest products•
Grains and grain products.....
...~«LiT est ock
•
Merchandise, l.c.l
Ore.
Miscellaneous
freight-car surplus and shortage, dally average:
' Car surplus
•
Box cars
Coal oars
•
Car shortage
••
Box cars
Coal cars
•
do.• •
.do...
do...
do...
.do.
.do.
*?
140
107
1»{
•*
31
1*.515 I
5,824
109
2,656
227
2,320
fOODSTUffS AHD TOBACCO
509
LUMBER AHD MANUFACTURES
Lumber (National Lumber Manufacturers Association):
Production, total..
mil. of bd. ft.
Hardwoods.
do...
Softwoods
do...
Shipments, total
do...
Hardwoods
.
..do...
Softwoods
.
do...
Stocks, gross, end of month, total
do...
Hardwoods
do. •.
Softwoods
do...
3.333
MSSCALS AND MANUIACTUBKS
Castings, malleable iron:
Orders, new, for s a l e . .
Orders, unfilled, for sale
Shipments, total...
To outside trades
Castings, steel:
Shipments, total
.
for sale, total
Hallway specialties
Steel ingots and steel for castings:
Production.
Percent of capacity..
Steel products, net shipmente:
Total.....
Merchant bars
Pipe and tubes
Plates
Bails.
Sheets
Strip — Cold rolled
Hot rolled
Structural shapes, heavy
Tin plate and terneplate
Wire and wire products
Boilers, steel, new orders:
****
•
Quantity....
.
....do....
do....
do....
do....
do....
.do....
do....
do....
do....
do....
do....
thous. of so. ft..
number..
.274
142
150
382
305
3M79
SSI
364
3°8 i
407 |
1,428
1.212
1,904 1
1.3*5 1
95-3
t
630
206
1,410
S3
382
3
1.677
1.287
5.096
481
518
528
145
1,310
148
132
302
310
395
rl,608
rl,340
>M36
&B|
547
563
1,314
142
127
362
322
1,623 I
1.736 I
tj Bevised. l/ Kumber of stocks in index currently; the change in the number does not effect the continuity of theseries.
MONTHLY
BUSINESS
Earlier data are available in monthly issues of the Surrey
and the 1942 Supplement
S T A T l S T I C S — Continued
1948
19U?
April
May
Hay
June
91.275
108,536
118,120
8U.560
82,334
103,474
116,678
82,542
r83,909
110,886
122,988
68,582
88,741
104,044
116,475
67.257
91,526
104,524
113.389
72.791
73.970
70,803
58,827
166,864
70,990
63.527
52,390
174,327
r74,322
*77.33*
r65,33*
r45,631
r71.5O0
r73.915
r64,801
r43,2l6
r73.8S5
r72,848
r67,291
r44,253
29.52S
23.185
51.327
25,838
26,342
50,824
r27.687
rl3,867
r7l,262
14,113
19.699
65.676
22.7*5
19.752
68,669
4,984
4.746
3.137
4,472
4,698
2,909
r5,890
r5,485
O.069
4,740
4,79*
3.015
5.172
5.123
3.064
June
MBTALS AND MANUFACTURES - Continued
Copper:
Production:
Mine or smelter
aaort tons.
Refinery
Deliveries, refined, domestic
Stocks, refined, end of month..
Zinc, slab: 1/
Production
Shipments
•
*o...
do...
..do...
•
•
do...
do...
•
Dome a t i c .
Stocks, end of month
.
Boilers, radiators, and convectors, cast-iron:
t o i l e r s (round and square)}
Production
do...
...do...
thous. of lb.
Shipment s.. Stocks, end of month
Radiation*
do...
do...
Production
thous. of sq. f t .
Shipment a
*
.. .do...
Stocks
do...
foundry equipment, new orders, net:
Hew equipment
.1937-39-100.
Electrical appliances, domestic, shipments:
Washers
•
number.
Vacuum cleaners, floor type
do...
PAPBR AND PRINTING
Wood pulps
.short tons.
Production, total, a l l grades.
do...
Bleached sulphate
do...
Unbleached sulphate
do...
Bleached sulphite
do...
Unbleached sulphite
do...
Soda
Groim&vood
do...
Defibrated, exploded, etc
;...do...
Stocka, end of month, total, a l l grades
do...
SI ©ached sulphate
do...
Unbleached sulphate
do...
Bleached sulphite
do...
Unbleached sulphite
do...
Soda
do...
68,372
69,3*5
61,138
43,280
525.9
658.9
326.2
412.0
388.5
313.724
r319.7Sl
31^705
r327,?50
398,298
r355.520
393.660
306,588
362,658
279.831
rl.039.75U
r92.7?6
r365,640
164,791
r79.*53
43.324
184,506
67.096
r95.786
7.079
7,545
26.295
13.527
2,709
35.^52
rl,833,648
r92?,53*
804,800
99.31**
995.230
90,l4l
35M53
152,426
73.518
41.696
173.802
64.664
103.598
7,108
8,067
27.475
15.332
3,102
39.626
1,086,392
105,190
390,188
168,923
80,127
42,598
170,230
81,388
89,211
6,464
12,084
22,543
14,652
3.363
24,776
rl,081,224
rlO2,841
r384,106
1.126,973
107.369
413,200
162,482
75.857
44,385
191.152
82,366
105,143
7,665
9.637
16,401
3.325
38.325
1.727.651
882,506
750,505
94,640
1.929.623
958,494
854,453
116,676
rl.907.516
r953.290
r842,557
rill,669
1.906,852
959.535
826,520
120,797
714,296
752,028
745,783
702,200
714,440
711,061
r792,251
r782.537
r774.310
r747,604
r774,486
r771.049
758,830
774,565
761,475
do...
90,189
107,558
108,076
50,448
102,765
101,311
100,289
53.782
rl07,673
r!05,927
rl04,3l3
r55.237
r95.272
rl04,806
rl04,037
r56,5S5
90,130
107.125
108,315
56.775
do...
do...
do...
do...
260,602
264,444
260,420
62,861
242,080
248,796
249.975
63,163
r278.425
r267,467
r263,762
r68,042
r254,972
r263,6i8
r258,946
r70,370
274,725
261,240
251,060
78,870
do...
...do...
do...
do...
238,230
250.239
248,616
53.420
242,126
244,;573
241,498
60,330
r268,636
r268,999
r267,015
r62,890
r26o,567
r265,504
r 26S, 6 28
r57.810
257,000
265.475
262,475
60,050
do...
do...
do...
760,236
511,918
805,744
721,312
461,226
742,124
894,310
464,683
861,215
790,215
397.407
824,155
791.201
352.013
821,795
798,033
381,065
789,230
.thous. of short tons.
do...
4,549
56.464
4,609
47,424
4,928
r33,844
4,4 3 8
r34,600
4,867
56.590
5.2*9
53.208
11.629
11.199
19.910
10,546
10,503
20.795
14,185
14,312
22,483
13.303
12,850
22,936
12,162
10,97**
24,123
Groundwood
»
do...
All paper and paperboard mills (Bureau of the Census):
Paper and paperboard production, total
do...
Paper
do...
Paperboard
•
do...
Building board
do...
Paper, excluding building paper, newsprint and paperboard
(American Paper and Pulp Association):
Orders, new
short tons.
Production
do...
Shi patent s
do...
•-a® paper:
Orders, new
do...
Production
do...
Shipments
do...
Stocks, end of sonth
Printing paper:
Orders, new
Production
Shipments
Stocks, end of month
Coarse paper: 2/
Orders, new
•
Production.
Shipments
• • ••
Stocks, end of month
Paperboard:
Orders, new
•
Orders, unfilled, end of month
Production
•*
fm
r43.H9
rl84,129
81,521
r96.598
r7.127
rlO,553
r22,317
rl4,566
r3.362
r32,460
PSTRQLSUM AND COAL PRODUCTS
Anthracite, production
Bituminous coal, production.
SEKXILX PRODUCTS
Hosiery:
Production
Shipments
Stocks, end of month
thous. of dosen pairs.
,
do...
do...
r/ Revised. 1/ Revised data for January and February 1948 (short tons) - production, 72,776; 67,917; shipments, total, 86,000; 74,697;
domestic, 66,174; 63,592; stocks, 55.*23*. 48,643. 2/ Represent e the series formerly shown as "wrapping paper* revised to exclude special
industrial paper.
@FedFRASER