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SURVEY OF CURRENT BUSINESS W E E K L Y SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AND DOMESTIC COMMERCE: AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS SELECTED JULY 30, 1948 BUSINESS INDICATORS ELECTRIC POWER PRODUCTION BY UTILITIES STEEL INGOT PRODUCTION (BILLIONS OF KILOWATT HOURS) (1935-39 * 100) 250 WEEKLY DATA 1948 200| \of,a^^l947 150 1946 \ . STRIKE pemoo *^r "/ / ^ DATA NOT PLOTTED Li i i i ! i i f * /'* S S ^ s s - ^ r2^Z^^ \ \1 1 .J , 1 • I -1 i -1.l M l h l 1 l i i i 1 i . I i M 1 1 1 1 1„l. JL-U,J.,1 A .I...I....J..J CONSUMERS' PRICES INDUSTRIAL PRODUCTION (1935-39= 100) (SEASONALLY AOJUSTED, 1935 - 39 • 100) WEEKLY STATISTICS1 BUSINESS ITM Goarodity p r i c e s , wholesale* All commodities. .1926«1C0. < Fans products. do... food • • . . do.... All other do... 28 commodities 2/ August 1939*100., Cotton, middling, 15/l6*, 10 markets 5 / .dol. per l b . Wheat, So. 2, Hard Winter (Kansas City) d o l . per te.. Department store s a l e s . . . ..... ..1935"39»100. Insured unemployment, t o t a l 4/ » thous.. State programs .do*... Veterans• programs do... Finances Currency in circulation 5/ . sail* of dol.. federal Reserve bank credit, total do... Member bank reserve balances. do.... Sxcess reserves, estimated.. do..., Federal Beserve reporting member banks in leading cities: Sank debits, total ail. 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 (Moody*s) .percent. < Stock prices, 4l6 stocks (Stand.and Poor1 a).6/..1935-393,100. Industrials, 365 stocks 6/... .. ...do.... Productions Bituminous coal 5/.... ..thous. of snort tons.< Electric power, by utilities *.. ail. of kw-hr., Motor vehicles (Wards) Jj number.< . Petroleum 5/ ,. thous. of bbl., Steel 8/ 1935-39*100., freight carloadlngs, t o t a l thous. of c a r s . . Miscellaneous .do.. • < 194s 1947 July 19 July 26 June 26 July 3 150.6 1812.0 l6?.l 133*7 306.5 •377 2.32 213 1,916 166.7 19S. 4 183.0 1*9.9 331;0 .367 2.30 263 1,410 1,006 382 166.7 197*2 184.1 149.8 328.1 28,143 27,801 21,721 17,1*08 713 27,957 a,900 17,389 678 630 18,37s 7,142 47,187 63»513 39,154 lltSS3 76 2.80 127.9 133-8 1.967 *,730 78,061 5,084 132.5 920 391 2.24 265 l e 34o July 17 166.8 196.1 185.3 149,9 327.2 .350 2.22 217 168.9 198.1 191.2 150.4 324.5 -341 2.21 236 28,094 22,243 17,584 954 27,960 22,139 17,6:51 July 24 323.8 •335 2.19 366 22,528 62,672 34,869 14,259 111 3.00 1.34.9 142.4 2,133 5,257 89,147 5,494 194.2 889 385 July 10 46,420 5/62,638 34 e 6^2 5/14,342 103 3.01 133.8 141.1 19,218 8,0^7 46,247 5/62,606 34,431 5/14,403 88 3-03 134.1 141.4 h& 20,549 27,866 21,888 17,503 840 8,432 4^451 5/62,858 34,656 5/14,481 3-02 134.4 141.7 3.05 128.9 135-6 2,037 4,760 5,197 93,691 112,372 5,480 " 188 !o 183.3 182*3 893 756 372 315 1/ Data do not always cover calendar weeks. 2/ lEhursday p r i c e s . £/ Daily average®. 4/ for description see note in July 13, 1946 i s s u e . 5/ Loans reported gross, i . e . , before deduction of reserves, instead of net a® previously! reserves against loans on June 23, 1948, totaled $169,000,000 of which $96,000,000 was for commercial, i n d u s t r i a l , and a g r i c u l t u r a l loans. §J lumber of stocks i n index currently? the change i n the number does not effect the continuity/of the s e r i e s . Jj United States production of motor vehicles (passenger cars, commerc i a l cars, and t r u c k s ) . 8/ Week ending July 3 1 , 188.0. * — • > » • 5,166 108,081 5,484 192.2 757 382 MONTHLY BUSINESS Earlier data are available la monthly issues of the Surrey and the 1942 Supplement STATISTICS 19*6 19*7 May June March May April June GENERAL BUSINESS IHDICATOBS Industrial production (federal Beserre): Unadjueted, combined index. 1935-39-100. Manufacture*., do... Durable manufacture* .do... Iron and eteel . .do... Lumber and products ......do... Furniture.. .* • •.. .do... Lumber.... • • .do... Machinery • do. • • Bonferrous metals and products .....dp... Smelting and refining ..do... Stone, clay, and glass products do... Clay products .do.. • Transportation equipment. • do... Automobiles. .do... nondurable manufactures • *.. .do... Chemicals .do... Industrial chemicals do. •. Leather and products. .do.•. Leather tanning. do. •. Shoes do... Manufactured food products.. r..v.r.......... i"1 1 . .do...; Meat packing. .do... Processed fruits and vegetables do... Printing and publishing ..do... Rubber products ...do... Textiles and products do... Cotton consumption do... Bayon deliveries do.. • Wool textile production.... .........do... Minerals do... fuels do... Anthracite do... Bituminous coal do*.. Crude petroleum do... Metals do... Adjusted, combined index \) do.. • Manufactures do... Durable manufactures .do... Lumber and products do... Lumber .do... Nonf errous metals and products •. .do... Smelting and refining do... Stone, clay, and glass products .do... Clay products do... nondurable 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 v.....do... Metals do;.. 155 191 219 in 15s 273 187 19s 206 162 225 3 252 *35 113 119 109 149 151 90 1*5 220 164 148 1 153 156 104 165 2 140 I85 191 218 142 13* a 200 162 170 253 113 U9 155 151 142 151 124 186 193 217 177 1*3 168 185 191 220 1?3 149 160 1*3 275 179 I87 209 163 233 13 J 276 198 202 208 168 237 W8 17* 168 247 439 106 112 51 ? 439 110 105 3 H 143 116 90 159 200 17* 147 297 179 14 5 149 105 102 171 125 188 195 217 144 132 199 202 211 173 150 101 1*6 216 155 12* 263 155 152 153 110 1*7 159 148 184 191 219 142 133 179 188 207 164 168 250 107 114 15* 152 7 i7 249 rl91 rl96 r221 r?06 rl4«> rl64 rl34 r272 rl97 r203 211 rl71 r215 rl75 rl77 249 r*37 rl08 pl93 pl98 P223 p206 Pl*7 pl6l pl4o P27* P193 pl92 p210 P175 P227 P192 P178 ss 109 107 r*5> 3 159 r200 rl76 1*7 r308 ,$ 168 116 171 172 rl44 rl91 197 r220 rl42 rl31 rl97 r203 r205 rl72 rl78 250 pl6l pl48 pill P157 p200 P173 140 309 plo2 P l64 P105 P157 P173 Pl*9 P192 P 198 p222 pl4o Pl29 P193 Pl93 p208 P176 P178 P25* 110 105 157 125 147 15* 147 136 rl48 rl56 rl62 r!28 plol Pl*9 pl*5 P157 P158 pl24 166.9 196.3 202.3 130.3 93.8 166.0 19*-9 U6.3 146.2 169.3 196.4 207.9 130.7 93-9 166.7 19*-7 U6.3 147.8 170.5 197.5 210.9 131.8 9*.l 168.6 193.6 II6.5 1*7.5 171.7 196.9 214.1 132.6 9*.2 170.1 19*.8 117.0 1*7.5 & 148 122 rl08 110 rl59 127 COMMODITY PBIC8S Consumers' price index (U. S, Department of Labor)! Combined index . 1935-39*100.. Apparel do.... food do..., fuel, electricity, and ice • do..., Oas and electricity. .....do..., Other fuels and ice... do..., Housefurnishihgs do..., Bent do..., Miscellaneous .do..., Wholesale prices (U. S. Department of Labor): Combined index 1926-100.. Economic classes: Manufactured products do..., Bav materials do..., Semimanufactured a r t i c l e s do.... Para products do..., Grains do.... Livestock and poultry do.... Commodities other than farm products ....do.... Poods do.. Cereal products do.... Dairy products do.... fruits and vegetables. .....# do. •.. Meate do..., rj Revised. &/ Preliminary. 156.O I85.O I87.6 117-7 92.4 142.* 181*9 109.2 139.0 157.1 185-7 190.5 117.7 91.7 1*3*0 182.6 109.2 139.1 147.1 rl*7.7 161.4 rl62.8 3*63.9 166.2 141.1 158.6 144.9 175.7 202.4 rl42.0 I6O.2 rl45.1 155.8 17*.7 152.9 186.0 218.0 209*4 155-7 173.8 158.6 179.8 1*5.7 217.1 rl57.6 175.5 rl5*.l I86.7 217.9 204.4 ' 157.3 17&.7 158.O 181.0 148.6 226.0 rl58..§ 177.6 rl53-7 I89.I 213.5 219.0 r!58, 177.* 156.3 176.6 1*7.0 233.2 159.6 182.6 15**3 196.0 209.2 239.2 199.* 181.4 155.* 181.3 147.6 241.3 rl7J.« 206.0 200.9 rl40.9 161.8 159.8 rl49-3 151.7 rl4l.l 138.8 1*4.3 145.2 203.0 208.6 lj. Indexes for which seasonal factors hare been fixed at 100 are not shown; see unadjusted eerie*. fri MONTHLY BUSINESS Earlier data are available in monthly issuee of the Survey and the 19*12 Supplement 3 ST AT 1ST IC S — Continued 19*7 1948 June March April May CQMMOBITT FRICSS - Continued Wholesale prices (U. 3. Department of Labor) - Continued* Commodities other than farm product! and foode....1926al00. Building materials. ~. do... Brick and tile .. do... Cement .do. •. Lumber do.. • Paint and paint material* do... Chemicals and allied products. do... Chemicals ••••• • do... Drugs and pharmaceutical materials • .do... Fertilizer materials...... do... Oils and fats.... ...do... Juel and l i f t i n g materials KXectricJ-ty Gas •• do... .do... ......do... Petroleum products Hides and leather products hides and skins Leather Shoes « .do. do. ......do... .do... do... Housefurni shlngs Xj y u m . i : » | B 4 n g S . . . . . : . * $*.* ...do... :. f V\*"• . . furniture 1/ Metals and metal products Iron and st eel Metals, nonf errous. Plumbing and heating equipment Textile products Clothing Cotton goods Hosiery and underwear. • Hay on. Silk '. Vlti:, . . . d o . . . do... do... do... do.• • do... do. • • do... .....do... do... .do. • • .do..., Woolen and worsted goods .do. •. Miscellaneous .* do. • • Automobile t i r e s and tubes 1/ . . .do... Paper and pulp .7 do... Wholesale prices of selected commodities! Butter, 92-score (Hew York) dol. per l b . , Coal, bituminous, mine run, composite...dol. per short ton.. Coffee, Santos,.Ho. 4 (Hew York)...* dol* per l b . , Cotton, middling, 15/16% average, 10 markets do..., Cotton clotht Mill margins cents per l b . , Print cloth, 64 x 60 dol. per yd.. Eggs, U. S. standards (Chicago) dol. per doa.< Grains and grain products? Com, weighted average, 5 markets dol. per bu.. Wheatr weighted average, 6 markets do.... Wheat flour,standard patents (Minneapolis)..dol. per bbl.. Bides, packers 1 , heavy, native steers dol. per l b . . Livestock and meats: Beef steers (Chicago) dol. per 100 l b . . Bogs, a l l grades (Chicago) do.... Beef, fresh, native steers (Chicago) dol. per l b . . Pork, fresh, loins, 8-10 l b . (Hew Tork) do.... Lumber: Douglas f i r , dim.,Ho.l,com.,2 w x 4"x l6*..dol.per M Bd.ft.. Southern pine,boards,Ho.2tcommon,l"x 6" or 8"x 1 3 ' . . d o . . . . Ponderosa pine, Ho. 3 , common, 1" 1 8 " do.... Metals and manufactures* Pig iron," composite..". . . . . . . d o l . per long ton.. Steel, composite, finished dol• per lb.. Structural eteel (Pittsburgh) .do.... Steel scrap (Chicago). dol. per long ton.. Copper, electrolytic (Hew Tork) dol. per lb.. Lead, refined, pig, desilverized (Hew Tork) ....do.... Zinc, prime, Western (St. Louis) ....do.... Petroleum, crude (Kansas-Oklahoma), at wells..dol. per bbl.. Gasoline, tank wagon (Hew Tork) dol. per gal.. Sugar, refined, granulated (Hew Tork) »...dol. per lb.. Wool, raw, territory, fine, scoured. • do.... 131*9 177.0 13*«5 114.0 269.4 169.2 127.1 U8.7 173-6 102.5 179.9 147.7 193.1 151.6 127.4 303.8 156.7 136.1 126.8 154.4 114.9 211.4 130.9 65.7 88.7 121.8 185.4 186.2 185 .9 193.8 142.0 144.7 139.4 155.9 147-7 146.8 138.7 149.8 144.6 218.3 IO5.4 40.7 46.4 1*5.7 120.8 63.4 I67.O 1& 85.0 86.8 170.8 177.7 176.3 172.2 128.8 136.9 129.3 rlUl.9 rl29-5 1^9 120.0 138.9 133.9 193.0 100.8 37.0 67.9 129.2 116.1 66.7 15^.3 .613 6.357 •237 •3599 1*7.86 .216 .409 .802 1/7-684 .264 .3418 52-98 .208 .432 1.677 2.637 12.7k .223 24.06 22.24 .376 .531 2.229 2.609 12.08 •222 26.71 21.40 .436 .523 62.865 65.694 54.690 r77*.5S rl48.6 rl95.0 152.5 127.5 309.2 rl58.6 136.2 126.8 153-8 115-2 212.3 131.6 66.1 89.I 121.8 186.1 199.3 I83.6 191.7 142.3 145.2 rl39.6 157.2 IM9.4 149.8 138.7 rlQO.3 145.8 r219-2 IO5.4 40.7 46.4 147.5 121.8 63.4 167.5 .828 1/7-728 .266 .3722 46.30 .205 •429 2.257 2.612 u 3 28.43 .536 rl39-6 157.1 148.8 150.0 143.2 rl50.2 145.8 r217.8 IO5.4 40.7 46.4 147.5 121.5 63.4 167.4 •801 1/7.862 .270 •3755 43.22 •198 .410 2*249 2,59f 11.46 •272 31.33 20.15 .500 .545 74.250 66.160 £:$ "" ;?5 17.660 I? 33-81 .0329 .0250 29.250 .2211 •1500 .1050 1.810 .172 .081 1.225 40.6J .0376 I/.O305 38.950 .2120 .1500 .1200 2.510 .188 .076 1.255 40.63 .0376 1/.0305 39*188 .2120 .1721 .1200 2.510 .188 .076 1.296 *0.97 .0368 I/.0300 39.250 .2120 .1750 .1200 2*510 .188 .075 1.310 419 448 432 392 478 51* 481 515 ?? 3 441 471 485 523 P 439 470 470 IMPLOTMBMT COHDWIOHS AHD WA&SS Bmployees i n nonagr. eetabllsonants, unadj., total 2/ Manufacturing Mining 89.3 122.1 187-5 218.0 188.2 I85.6 rl42.6 70.042 COHSSBUCTIOH AND BSAL BSTASB Construction costs: Amer.appr.Co.,avg.,30 cities. ..191>100. Atlanta do... Hew Tork do... San Ireneisco do... St. Louis , do... A49.0 A96.4 152.8 128.2 312.? rl58.4 13*.7 125.9 153.3 115.0 205.O 132.6 thous. ao *3.Jl6 44.600 44,298 44,609 16,269 15.9*5 15,672 15.893 924 820 933 919 £/ a«yUe4 f P./ Preliminary. 1/ See note on corresponding item in the July 1948 Survey. 2/ fhe series for estimates of employees in i agricultural establishments and for production workers have been adjusted to l e v e l s indicated by Federal Security Agency through 1946. i # .ao ( *3.3*5 15.569 910 4 MONTHLY BUSINESS Earlier data are available In monthly issues of the Survey and the 1942 Supplement ST A T I ST I C S — Continued ISkl 1948 March June May April May BaPLOYMElST CONDITIONS AND WAGES - Continued Employee* in nonagr. establishments, unad^. 1/ - Con. Construction thoua. Transportation and public utilities. .. do... Trade ? do... Finance ...... ..do... Service.... •••• * do... Government • •• • do... Production workers, all manufacturing, unadj. 1/....1939*100. Durable goods industries.. .do... Iron and steel and their products..... do... Electrical machinery do... Machinery, except electrical do... Automobiles , .....do... Transportation equipment, except automobiles. do... JSonf errous metals and products .do... Lumber and timber basic products .do... furniture and finished lumber products....... do... Stone, clay, and glass products.. do... nondurable goods industries..... ...*.do... Textiles-mill products and other fiber manufactures..do... Apparel and other finished textile products do... Leather and leather products * do... food and kindred products. do... Tobacco manufactures. do... Paper and allied products do... Printing, publishing, and allied industries do... Chemicals and allied products • do... Products of petroleum and coal do... lubber products do... Labor turn-over in manufacturing establishments5 Accession rate monthly rate per 100 employees. Separation rate, total ... .......do... Discharges. .do... Lay-offs ....do... $uits do... Military and miscellaneous. do... 1,865 3.981 9.277 1.6*3 4,590 5.510 153-8 182.0 159.6 217.7 230.2 179.1 299.3 182.5 168.8 137.3 148.9 131.5 107.2 125.4 106.1 I34.8 88.4 146.1 131.0 199.5 151.9 174.6 4.8 5.* .4 1.4 3*5 .1 1,805 4,032 9,598 1,697 4,729 5,546 160,3 188.1 164.8 222.9 233.1 195.0 292.7 180.0 178.3 147.8 153.? I38.4 114.7 147.5 114,1 134.5 93.4 146.0 132.8 203.6 155.4 168.9 1.933 3.977 9.574 1.704 4,768 5.577 156.1 185,0 163.3 217.4 227.4 191.9 290.9 176.9 178.7 143.4 153-7 133.3 113.7 139*8 107.1 122.6 92.4 146.8 131.8 201.4 154.9 I63.8 2,049 4,041 9,615 1,716 4,738 5,624 155.3 I83.6 161.4 211.6 228.5 188.6 276.O 173.7 182,8 139.7 154.7 133.0 113.0 137.1 103.7 127.1 90.5 146.4 132.2 198.4 157.3 160.8 fc? 4.0 4 .4 1.1 3.1 .1 1.2 2.8 .1 4.0 4.7 .4 1.2 3.0 .1 p4.0 p4»3 P*3 pl.l p2.a 1.957 4,129 9.324 1,650 Mil 5.*54 154.7 I83.9 160.1 225.5 228.5 188.5 297.5 178.0 172.9 137.3 I5O.4 131.7 IO5.6 12 H 106.6 139.5 90.2 146.1 131.5 194.6 153.5 170.9 t p.x PINANCB federal Government finance! Expenditures, total mil. of dol. Interest on debt .'.......... .....do... National defense and related activities.. do... Beceipts, Treasury, total do... Receipts, net ... do... Customs. • * ..do... Internal revenue, total do... Income taxes do... Social security taxes do... Stocks, cash dividend payments publicly reported* Total dividend payments do... Manufacturing do.-.. Mining do... Trade. do... finance t • do... -Railroads.... do... Heat, light, and power. do... Communications. do... Miscellaneous* do... LEATHlfc AND PRODUCTS 3.851 92 1.327 3.205 2,865 37 2,578 1.619 36* 5.540 1,396 1,493 5.481 5.473 35 3.993 3,270 121 3.546 608 850 3.109 154 <:f 6,080 5,165 176 2,881 2,806 ,-35 2,603 1,858 83 2,604 124 933 3,083 2,707 31 2,859 1,785 401 173-5 93.5 1.4 9-6 22.4 5.7 37-2 3* -662.2 389-5 65.8 39.4 54.3 34.2 50.0 10.5 18.5 595.5 370.0 40.4 43.5 34.0 22.4 56.0 10.6 18.6 456.0 196.1 6.8 42.1 62.9 30.1 52.5 54.3 11.2 168.9 93.8 2.4 7.6 23.6 3.0 35.3 •3 2.9 36,404 33.638 34,131 3L343 44,852 41,502 r39,4l2 r36,296 33,980 30,881 9.078 1.373 16,279 4,389 2,519 2,257 365 144 8,297 1.495 15,069 4,041 2,441 2,272 301 215 9,951 1,284 20,372 6,044 3.851 2,801 365 184 r9,273 1,254 rl6,87l r5,385 3.513 r2,592 *337 rl87 7,790 1,252 14,296 4,540 3,003 2,671 262 166 short tons., . . .do... do..., do.... 91.275 108,536 118,120 84,560 82,334 103,474 116,67s 82,542 r83,909 110,886 122,988 68,582 88,741 104,044 116,475 67,257 r91,019 104,524 113,389 72,791 thousands.. mil. of hours.. percent of capacity.. a , 624 9,928 125.6 21,324 9.103 118.8 21,708 11,005 133.6 21,694 10,667 136.1 21,723 10,080 134.0 Shoes and slippers, production, total thous. of pairs. Shoes, sandals, and play shoes, exc. athletic, total..do... 2y kinds. Men's .do... Youths' and b o y s ' do.». Women's .do... Misses' and children's do... Infants' and babies' do... Slippers for housewear. .do... Athletic do... Other footwear , do... M2TALS AND MANUFACTURES Copper! Production. Mine or smelter Sef inery Deliveries, refined, domestic Stocks,* refined, end of mon^h TEXTILE PRODUCTS Cotton, spindle activity? Active spindles Active spindle hours, total Operations vj Revised. £ / Preliminary. 1/ See note 2, p . 3 . 2/ Includes $3 b i l l i o n t r a n s f e r r e d t o the "foreign Beonomic Cooperation Trust fund."
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