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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 FOREIGN AMD DOMESTIC
AVAILABLE ONLY WITH SUBSCRIPTION

TO SURVEY OF CURRENT

SELECTED
STEEL INGOT

COSMil^ERCE

BUSINESS

JUNE

BUSINESS

INDICATORS

PRODUCTION

ELECTRIC POWER PRODUCTION BY UTILITIES

(l935-3S«lpO)
WEEKLY

200

(BILLIONS

5.5

DATA

\I948

L

y\

xr °^<i94?

1

1946 X .

/

f
1

STPiKC PEPI-.W

too

- - J •*""" M "*'~"~ , '0^?
f\

\

\ I

\

WeCKLY

A i 4.5 \J 1947

f \\

6

Tv

4.0

L..I U L l I 1 .J„.L-LXJ,,„l....l L.i„jJ.JLX. ,1, i . i
i I i i 1 i i

„l„.l„ t J, i 1

<l i n I I M i h . n l

MONTHLY

DATA

I75h
f*
I50[

1001

<W

>

T

< >

iil

. i i . t

1946

^J

A

- *

i25;

\/_

CLOSE

200-

RECEIPTS

***

(1935-39-100)
WEDNESDAY

WAGE AND SALARY

-r

PRICES OF 3 5 4 INDUSTRIAL STOCKS

PERSONAL INCOME

TOTAL PERSONAL INCOME

/

--y

I I ! M i l 1 ! 11 1 1 I.L.1 J _l l . . i . ! J J . . . i , . . i , , j d j - J - i a J o j j J j - J u J

3.5

BILLIONS OF DOLLARS, SEASONALLY ADJUSTED, AT ANNUAL RATES

225["

HOURS)

-v v

1946

cm SOT purree

50

O F KILOWATT

DATA

r-/94&

5.0

or

18, 1948

^^^w^r0

°**-«H>

^

1 1 1 1 lJ.-LX.JL.UJL.. ,.,J„..I,J_.l.jJ.,

1947

WEEKLY

AA

r~f
^

<f

V A^/^S/ \ (

,.1.1,1 1 I..LXJ-LJ-L. J U J - J . I . J . . U I , 1 I..L- i l . i i i

1, J i 1 .1..-.J

1948

BUSINESS

Commodity p r i c e * , wholeeale:
,..1926B100.
A l l commodities....
do..,
farm products
do...
food
»....«.do• •©
ill other.•••••••*••••••
•Jaguot 1939-100.
28 commoditiee £/
d o l . per lb*
Cotton, middling, 15/3.6\ 10 marketc j/....
d e l . per bu.
Wheat, Ho. 2, Hard Winter (Kansas City) 4/.
1935-39-100.
Department store ealec
.....
Xneured luemployment, total 5/0
•
..
.do...
State programs
«40e«.
Veterans' programs..
ece.........
finance*
L. of dol.
Currency i n c i r c u l a t i o n 3 /
.....
••••.do...
Federal Eeserve bank c r e d i t , t o t a l
do*
Neater bank vwr9
balance*
•••
do.
9soess reeervee, estimated
federal Beserve reporting member bank* ia leading cities* 6/
Bonk debits, total
ail. of dol..
lew York City
..do....
Deposits, demand, adjusted..........
.do....
Loan* and investments, total
••
do....
U. 8. Oorernaent obligation*
do....
Commercial, industrial and agricultural loans
do... •
failures, commercial
• .number. •
Bond yield*, domestic corporate (Moody1 e)
.percent..
,
Stock pricee, 402 stocks (Standard and Foor s)..1935~39«W(>..
Industrials, 35k stocks
do....
Productions
Bituminous coal 2/
thou*, of short tone..
Hectric power, by utilities,...
mil* of kw-hr..
Motor rehidee (Ward*) 2/..
number..
Petroleum 4/
thoue. of bbl..
Steel 8/
1935-39-100..
f r e i g h t oar loadings, t o t a l
thou** of c a r e . .
MlsoeUaneoue.
•
do....
f

19*18

May 31

June 7

147.4
178.4
161.6
132*3
297.5
•359
2.75
250
1,891
1,161

147.9
179.5
I63.I
132.2
300.2

88,194
22,019
17.0*3
320

28,266
22,234

17.515

JUL^U

STATISTICS1

1947

urn

111

1948

2.
293
1,883
1.149
697

15.95
17.gj4

£3 £S.
63.239
39.220
11,792
72
2.80
115.6
119*4

62,909
38.536
U

2,181
4.429
79.315
5.024
187.0

2r2J8
4.635

-H
2.80

116*0
120.1

May *

May 15

May 22

161*9
184.0
174.8
148 *9
320.1
.369
2.42
33?
1.584
1*098

I63.5
187-9
178.9
149.0
322.0
•379
2.42
293
1,5»
1,069
415

27.785
20,856
17.033
856

27.764
a,038
17.087
934

163.5
189.2
177.2
149*2
324.4
•379
2-39
295
1.489
1,060
393
27.698
20,674
16,506
334

19.975

22.530

21,075
8.710
46.529
35.640
14,205
108
3.04
125*8
132.2
2.123

.*

46 , 8 9 °
63.ll*
35.499
14.255
100

£5
134.9
2,208
5.109
83.275
5.423
190.4

* * 29
164*4
193-0
178.0
149.3
324 0
.376

June 5

327.7
•377
2.39

2§6

27.752
21,201
16,901
713

14,208
92
3.01
132.3
139.0

20,858
8,8a
46,856
63.129
35.298
14,206
112
3*oo
134.4
141.7

2.287
5.085
91.138
5.43?
192.6
879
379

2.303
5.109
92.772
5.452
195-5
905
393

27,880
21,292
17.094

9a

8,285

2-99

38

75.999
5.413
5.064
"193.8
183.7
190.1
881
901
390
388
1/ Data do aot alway* coyer calendar week*. jg/ fimredey pricee. £/ Daily average*. 4/ Data eiaee week ending July 12, 1947 include dark
hard winter aot included previously. 5 / for description see note l a July 13, 1946 issue. 6/ Shown on a revised basis beginning la Supplement for July 18, 1947* Jj Data are' for U. S. and Canada and iaolude pasaenger cars, eoaaerelal ears, and truck*. 8/ Week endiag June 12,
194.0.




9«. m

a

MONTHLY

BUSINESS

Sarlier data are available in monthly issue* of the Survey
and the 1942 Supplement

STATISTICS

1947
April

19*18
May

Pebruary

March

May

April

GENERAL BUSINESS INDICATORS
Personal income, seasonally adjusted, at annual rates:
Total personal income
M l . of dol..
Wage and salary receipts, total
do...
(Total employer disbursements
•
do...
Commodity-producing industries
•
do. • •
Diatributice industries*. *dc...,
Service industries
do...
Government
•
do*.. .
Less employee contributions for social insurance..do....
Other labor income
do...
Proprietors1 and rental income
do..*
Personal interest income and dividends
do...
Total transfer payments
do. •. <
Total nonagrleultural Income*
•
do***,

189.4
116.0
118.2
52.8

190.5
117.3
119*4

14.8
17-5
2.2
1.7
46.5
14. 3
10.9
168.3

33.8
14.9
17.2
2.1
1.8
46.5
14.4
10.5
169.7

53-5

51.6
15.8

?•*
184.1

BUSINESS POPULATION
Industrial and commercial failures:
Grand total
number.
Commercial service
do...
Construction
do...
Manufacturing and mining
do...
Retail trade..
do...
Wholesale trade
do...
Liabilities, grand total
thous. of dol.
Commercial service
do. • •
Construction
do. •.
Manufacturing and mining
do...
Retail trade
,
do-,.
Wholesale trade
do...
COMMODITY PRICES
Prices received by farmers, all farm products... .1909-14.100.
Crops
do...
lood grain•
•
do...
feed grain and hay
....do...
Tobacco
do. • •
Cotton
do. • •
fruit
do...
Truck crops
do. •.
Oil-bearing crops
do...
Livestock and products
•
do...
Meat animals
do...
Dairy products
do...
Poultry and eggs
do...

207.7
127.1
129.2
5S.3
37.7
15.5
17.7
2.1

277

S

U7
84
c 37
16,080
1,015
2*7
11,822
1»503

M93
269
277
223
7
2f
260
223
295
358
262
331
257
204

37«
.33
20
155
119
17,326
739
321
10,971
3,037
2,258

268
276

M7
44
22
151
165

194

<&
25,619

.57
17,481

979
1.987
17,897
3,410
1,346

1,8«3
957
9,243

279
257

?J3

as

390
270
222
286
326
275
7
3F
241
203

r207.7
rl26.4
rl28.5
r57-9
r37.4
15.5
rl7-7
2.1
1.8
51.5
16.0
rl2.0
r!84.8

374
248
136
320
333
300
331
307
218

262
260
284
372

295
339
302
342
298
212

928
713
310

1.032
790

2.1
1.8
53.7
lb.l
11.7
184.6

, 404
50
30
99
175

52

15.296
1,472
1,662
7.057
2,476
2.629

291

Sf7

261
291
371
275
142
340
351
304

3

142
30
135
215
1615
*
40
4

I

100

^29.957
602,33s
440,985
144
133
123

44,236
22,205
21,857
l

53

i ?' J
44,236
17,470
15,826
654
24,022
47.1

1,009
37
_?
r400
265

rl,l66
r940

141
40
153
242
9

•s

120

42

11
r49
1
41
r65
^20,557
681,967
504,645

1
r57
87

?13
•71
r2
r98
99

,.27.999
689,763
525.480

37.061
873.882
689.207

489.984
153
130
127
110

161
135
I87
152

rl82
rl56
rl81
rl48

204
182
17?
156

44,882
22.738
22,088
19,689
44,882
18,009
16,238

46,991
22,109
21,024
21.776
46,991
19.807
I7.t>62
762
24,045
49-7

46,589
21.607
20,887
21,878
46,589
19,610
16,639
655
2 ,768
3.50.4

45,499
20,858
20,340
21,910
45.499
19,007
16,944

3

76
674)657

X

- "
24,120
46.7

r/ Revised. 1/ See note on corresponding item in the May 1948 Survey of Current Business.




127.9
' 57.4
37.1
15.6
17.8

282
370

284
141
262
357
309
361
291
211

214

CONSTRUCTION AMD REAL ESTATB
New construction, total 1/
mil. of dol.
Private, total
do...
Residential (nonfarm)
do •..
Nonresidential building, exc.farm and pub.utility...do...
Industrial
do...
Parm construction
do...
Public utility
do...
Public construction, total
..do...
Residential construction
do.. •
Military and naval
do...
Nonresidential building.
do. • •
Industrial. •
do...
Highway
do...
All other
do...
Contract awards, 37 States (P.N. Dodge Corp.):
Total projects
number.
Total valuation
thous. of dol.
Building, total
do...
Value of contracts awarded (Pederal Reserve indexes):
Total, unadjusted
1923-25-100.
Residential, unadjusted
do.• •
Total, adjusted
do...
Residential, adjusted
.do...
IINANCX
Pederal Reserve banks, condition, end of month:
Assets, total
mil. of dol.
Reserve bank credit outstanding, total
do...
United States securities
do...
Gold certificate reserves
do...
Liabilities, total
do...
Deposit s, total
••
••
• • • • -do. • •
Member bank reserve balances
do...
Excess reserves (estimated)
do...
Pederal Reserve notes in circulation.
do...
Reserve ratio
• .percent.

209.1

125.8

158

17

i

28
r226

ll

r65

rl.302
rl,015
525
r263
rllo
37
190

"S

*****
51.4

1,449
1,111

575
28 ?
114
50
203
338
7
15
80
2
125
111

46,270
21,576
20,662
22,036
46,270
19.761
17.021
p818
23.675
50.7

MONTHLY

BUSINESS

Earlier data are available in monthly issues of the Surrey
and the 1942 Supplement

3

S T A Tl S Tl CS — Continued
1948

1947
April

february

March

April

PIHAHCS - Continue
Federal Government f inance:
Debt, gross, end of month.....
mil. of dol.
Intereet bearing:
Public issue*..,
.
do..,
Special issues
do...
Scninterest bearing
....
do*.,
Obligations guaranteed by B. 3., amount outstanding...do...
Gold, monetary stock, United States
do...
Currency in circulation
do...
Bonds:
Prices:
Industrials, utilities, and rails (Standard and Poor's
Corporation)I
High grade (15 bonds)«...
-.dol. per $100 bond.
Medium and lover grade, composite (50 bonds)
do. •.
Industrials (10 bonds)..,
..
do...
Public u t i l i t i e s (20 bonds)
do...
fiailroads (20 bonds)
.....do...
Domestic municipals (15 bonds) . . . . . . . . .
-do. •.
U. S. Treasury bonds (taxable)
,
do..,
Tields:
Domestic municipals (15 bonds)
percent.
U. S. Treasury bonds (taxable)*
do...,
Stocks:
Prices:
Dow-Jones & Co. (65 stocks)
dollars, per share.
Industrials (30 stocks)
do...
Public utilities (15 stocks)
do..,
Bailroads (20 stocks)
„....,....,..
do,.,
Standard and Poor's Corporation:
Combined index (If02 stocks).
1935-39*100,
Industrials (354 stocks)
do..,
Public utilities (28 stocks)
do..,
Bailroads (20 stocks)
do..,
Tields:
Preferred, high-grade (15 stocks)
percent,

258.3*3

254,605

252,990

252,240

229.147
2^,230
3.274
171
20,774
28,114

•S3

222,854
29,246

220,718
29,201
2,320

So.933

26,261

23.036
28,019

221,362
29,27?
2.356
73
23.137
27,781

23.16?
r27.7l6

122.8
II6.5
123
112
113

122.9
115.0
123.2
112.5
109.2
133.9
104.5

117.5
112.4
119.3
114.1
103,8
122.6
100.7

118.0
112.1
119.1
113.5
103.7
123.1
100.8

118.6
114.1
Uf.6
116.4
106.4
125.7
100.8

I.98
2.19

1.95
2.19

2.55
2.45

8

2.38
2.44

61.04
171.28
34.52
45.88

59.49
168.67

ll'M

60.91
168.47
31.95
49.19

169.94
32.24
50.64

119.3
123.1
104.6
102.2

115.2
119.0
102.0
95-1

114.2
119*2
92.6
101.9

116.4
121.8
93.0
105.2

3.75

3.76

4.18

4.12

1,086
1.076
582

1.141
1431

257.701

104

3.3&

1°

66.03
180.05

33.75 I
56.03
124.6
130.8 I

96.2 I
115.2
4.12 I

P0BSIGH TBADS
Sxports, including reexports, total
Exports of U . S. merchandise
General imports, total
Imports for consumption

mil. of dol,
do..
do..
do..

512

574

639

3.078

2,95*
510

1.122
1,1U
527
525

THAHSPOBIATION
freight carloadingss
Total cars (A..A.H.) 1/
Coal
Coke
Porest products
Grains and grain products
Livestock
Merchandise, l.o.l
Or
Miscellaneous

thousands,
do..,
do..
«.do..
do.*,
do..
do..
do*.
do..

3.233
547

53
183

S

4.376
922
72
233

7

8

166
144
3*
434
56
1.454

1.535

1.909

3.094
681
2.413
2.955
60s
2.3*7
5.217
1.977
3.240

3.3

2,480

2.638
3.141
691
2.450
5.H09
1.9«1
3.428

1.8%
2.623

JB

4.830

5.081

53

181
141

&
64
1.509

2.984
408
40
173

II

447
204
1.510

LUMBBE AND MAHDfAOTURKS
Lumber (national Lumber Manufacturers Association):
Production, total
.mil. of bd. ft,
Hardwoods
do..
Softwoods
do*.
Shipmente, total
do. •
Hardwoods
do. •
Softwoods
.do..
Stocks, gross, end of month, total
do*.
Hardwoods
.do..
Softwoods
•. .do. •

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

4,780

5.020

3,840

6.63*
16,022
13.761

4,976
17.125
15.172
1.953

5.601
2.074
3.527

3.765

M3TALS ABD MAlKffACTUBSS
Pig iron, production
Iron ore (Lake Superior district):
Consumption by furnaces*.••
Stocks, end of month, total
At furnaces
On Lake Brie docks.
Castings, malleable Iron:
Orders, new, for sale
Orders, unfilled, for sale
Shipmente, total
To outeide trades.
TJ Revised.

2I Preliminary.




thous. of short tons
thous. of long tons
do..
do..
do..

6.579
13.555
11.735
1,816

6,885
17.618
15.541
2.078

6,441
22,628
19,412
3.216

short tons
...do..
do..
do.•

41.994
275.415
81,890
47.303

^.006
262,117
75.488
42,304

46,270
209,447
75.194
42,582

1/ Data for May 1947 and May 1948 are for 5 weeks; other months, 4 weeks.

2.262
43.921

"Mi
50,017

42,168
199.578
80,602
45.941

4

MONTHLY

BUSINESS

aarl&sr data are available l a aoathly i issues of the Survey
aad the 19*2 Supplemeafc

ST A T 1ST iCS —Continued
i?4?

.April

19*8
Magr

February

M&rcL

Jpril

MBSttS M S iyOTJtfTURES - Ooatiaued
Castings, s>t«el*
Shipments, total....
..«sborfc toas.
5for s a l e , total
....c,
.
do...
Railway s p e c i a l t i e s
»»
.
do•..
3»ead, refiaeds
Productloa, t o t a l • . « . . , « . * . . , * • • • • • . >
. . . . •..••••• O &o.,<>
Pr iaary • • • • • • * » t t r . • • > • • . •
••*
*..te...
Shipmeat e
«•»-.'
to.,,
Stocks, end of m o a t h . . o e . . . . . . . . . . . . . » » . . , . » . »
do..(

162,891
125,550
41,876

150,305
114,896
36.079

40^400
47,200
17.034

5?*093
46,579
52,287
14,837

*?.652
*6,577
*5.031
19.*53

10^,506
67.096
95.771
7.079
7.5*5
^.295
13.527
2,709
35.452

961,185
95.088
321.089
157.233
?6,58S
39.762
153.488
75.000
Vi4,5*3
7e558
U.551
3? 9 525
14,427
3,454
22,316

3?i,086,392
105,190
390,188
168,923
rS0,127
42,598
i*170,230
81 t 388
r$9»2li
6,464
i.2,084
22s543
yl4,652

1,082,398
102,027
385.683
161,535
76,477
*3.127
184,140
81,521
7.037
10fc6l2
22,072
14,504
3*335
32,2*f6

i 9 75^,410
885.366
T7fe*8j5
92Pl6S

i.833.669
929.555
S04.800
99r3=*

*•„ 700,552
877rl99
71^,023
M5.330

rl,929,623
r958,49*
7116,676

1.9069093
95L*20
841,925
112,7*8

* 8 279

4.^-9

•^56?5

Ma*

s4,*3«

42.9*5

40,683
3M38
922
7.861

47,423

34,011
29,600

6,422
9.017
802
9.299
5.845
240

7.90U
9,091
996
8.356
u.677
1/

r44,502
r3*.97*
»509
8,100
671
7.801
8,430
1,023
8,440
9.528
1/
43.585
42,581

34,418
33v5?6
4,308
776

53**21*
48,995

Unbleached s u l p h i t e . . . . . . s « . „ « . . o . . . . . *

S9&.32.2.
?33i3«T

do...

#rouadwood
*
4o...
defibrated, eaqplodad, ©to. ... .1 ..,.•........••......«dc.,.,
&?.©«ke$ end of month* total, all grades* •» • r. * *»»o .. * - •,. .da. - «.
Slaaehed aulphate.••»
«
do.c.
Unbleached sulphate*.,...,»...,....,*,..*. , *..- „.,..„.„.,. .do*..
Bleached sulphite.•«•...•••o
do.».
Uableached sulphite• •••••••••••ec.•••••«
»do»•.
Soda*«., »,,,,.,,.,..,.o.6........•.<.,>•..»...,..«•. ..,..>•».» .do.*«
SrOOttdVOOd*. « • co » • - .- • o « e . • « o • . * » c . * . o« . . o „ o * • » » e . . . . & 0 . . .

&X paper and paperboard m i l l s (Bureau of the Census) s
Paper aad paperboard production, t o t a l . . . . »
do...
Pap©?.- • . , . . . . , • • , . . . » • . . . • .« 0«.*«. o » o . . . „ , . . . . . . . . . . . . d o . . •
2P«pereoar&«. •>,
,«,..„*.,,.:.
. . - . . . - . • . » « . « » . , . »do«.... *
Gliding board*...•••••.•«..,•.....••
* . . • • • . • • .do.*.

13.822
~ o^h

K

50,482
*7.233

PAPSH MD FBORXXG
¥ood pulp 1
Production, total* a l l g r a d e s . . . . . . • . . • • . . » . • • «
*&©o..
Bl eachod oulphat © . , . „ « . . . . . . . »
•r •
»
do. • *
Unbleached s u l p h a t e . . • . . . • • • . • • • • • • . • • . • . * . , . • • • . » • . d o * . „

140, S?4
103,779
28,850

142,4^*
107,762
34,800

14M75
106,12?
29*1*5

92,484
3f6.873
i64 e 79l
W.133

?24'776

PS2BQLBUK AND COAL PRODUCTS
A&cferaoita, p r o d u c t i o n . * . . . . . . * . . .
thoua. of short tons.
Bituminous coals
Industrial consumption and r e t a i l deliveries, total
thouso of short tone.
industrial consumption, total
• .do...
Beehive eoke ovens
»
do...
Byproduct coke ovens
do.. •
Cement a i l l a
•
do...
XLeetric power utilities
do...
fiallways (class I)
do...
Steel aad rolling sills
do...
Other industrial
do...
Be tall deliveries
do...
Other consumption, coal mine fuel
«
do...
Stocks, industrial aad retail dealers, end of month,
total
thous. of short tons.
Industrial, total.
•.
do...
Byproduct coke ovens
do...
Cement mills
*
...do...
Slectrlc power utilities
do...
Ballways (class X)
.
do...
Steel aad rolling mills
do...
Other industrial
do...
Retail dealers, total.....
«do..>

671
7.655
640
6,414
9.226
858
10,987
6,494
174
42,419
40,298
5,417
S96
13.300

I?;

I'M

48,613
47.424
8,807
991
1^V}868
7

9

6,488
649
819
7.292
4,411.

U

12, 060
2,121

987
15.190
S 0 221
1.153
15.307
2.906

long tons.
do...

43,818
292,970

43,018
330.960

51,012
148,081

r54,444
rl30,295

50.6S1
123.3*0

..do...
do*..
do...

5*.333
50.117
116,829

48,692
39.069
105.291

35.375
39.025
-1,025
65,1
i.649

r^8,222
43.9*0
r72.885

S:SS

thous. of dosen p a i r s .
do...
do...

12,724
12,224
19.480

11,629
11.199
19.910

13.365
13.178
22,610

14,185
1*.312
22,483

13.303
12,850
22.936

382,640
1.853
1.599
284,357
261,240
96,430
75.696

382,991
1.090
752
274 .847
t
256.753
107,054
88,889

492,013
1,409
1,202
3*9.998
327,198
140,606
118,572

438,082
1,048
902
308,071
288,356
128,963,
111,911

RUBBER AHD RUBBER PRODUCTS
Natural rubbers
Consumption
„
Stocks, and of month 2/
Synthetic rubbers
Consumption
Production
Stocks, end of month 2/

m

14,735
1,189

13.609
5.599
831
14,101
1,004

771
11,112
842

«

78,678

2 X K K L B PRODUCTS
Hosiery*
Production
Shipments
Stocks, end of month

IRANSPOfiXATIOEr S),UIPMBVI
dtotor v e h i c l e s , factory s a l e s , t o t a l
Coaches, t o t a l
Domestic
Passenger cars, total
Domestic
Trucks, total
»
Domestic
£Ji

&*«&**£.

number.
do...
do...
.do...
^..do...
do...
..,.••...... .do...

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