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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
/ W I M B L E CNLY WITH SUBSCRIPTION TO SURVEY OF CURPEMT BUSINESS
SELECTED
JUNE 18. 1 9 4 8
BUSINESS
INDICATORS
STEEL IN60T PRODUCTION
ELECTRIC POWER PRODUCTION BY UTILITIES
(1935 - 39 • 100)
(BILLIONS OP KILOWATT HOURS)
2bO 4i7». t :ft
200
1948
_•
\ A
/V
150
. ••- 1
1
1
/
!00
50 -t i i ' i ;
i_L_i .•!_' ; i i i-o-A-i- l ! 1 J L ! l.x l 1 S l_l_t.L : : I L - I J L L L . : . I . . - L J - J
SALES OF RETAIL STORES
DEPARTMENT STORE SALES AND STOCKS
350
(SEASONALLY ADJUSTED, 1935 - 39 « 100)
....
iwr.t
.
.
300
: sues
Jk
....
r•
4
(SEASONALLY ADJUSTED, 1995 - 39 • 100)
°°n^7^
300 l
SmKW*^\/jl^r
250
200
J^J
%~~*
»*•"•
2CC
j ^
:5D
J_:
sroCK$
J T * **
1l iPti I I i I 1i . i : .
1946
l i t -i_L_L_i_i_.. » : — l i i i . . . t i i • J
•947
WEEKLY
19*8
1945
BUSINESS
JDM
Commodity prieee, wholesale**
All commodities
1926.100.
farm products
•
do...
food
do...
All other...;
.
do...
28 commodities 2/
August 1939-100.
Cotton, middling, 15/16", 10 market* jj
dol. par lb.
Vheat, lo. 2, l«rd Viator ( S » M I City) 4/
dol. par bu.
Department store amiss..
1935-39-100.
Insured unemployment, total 5/
thous.
State 'programs
do.
Veterans' programs.
.'.••>.*. • • • .do*«*«•
finances
. . . . M i l . of 4 o l . . i
Currency la. circulation jj
.«...«...•.do..
federal fiaefnre bank credit, t o t a l .
Member bank reserve balance*
do*.
•do.
Sxcsss reserves, estimated.
federal Beserve reporting member tanks in leading c i t i e s * 6 /
Bank deblte, total
mil. of d o l . .
mew xork*vl ty».»••»••.••»•»•».•»*»•«»».».»»••»••«..do•..*
'Deposits, demand, adjusted
*.*
do....
Loans and investments, t o t a l . . . • do....
U. S. Government ooligations
w...,
5osm«rciaT, industrial ana agrlcultu:.*:! lcfa».#
do...
Jailures, commercial
.*
-<.— ..number..
Bond y i e l d s , uomestic corporate (Moody• •*
'. .percent..
Stock price*, *02 rftoclcs istanoard «nd * W * » / . '.i*35r39-100..
Incut t r i a l s , 3^4 stodks.'.....
..'... . . . . . d o . . . .
Production
i i t u n i nous eoel
. . . tflfbus. of sttort tons. •
a 33 / ;;•...
- . . i...".»..
. . : . . . : . ' . a i l . of'kv*-nri.
Zlectrlc poier,* %j u t i l i t i e s ; . . .
. . , . jX
I... .trtsfbter..
Motor veiiclee <Var*e)
if..]?...
.' . . ' . . . .'.thous. of *bbl..
Petroleum V . . y
/.......
Steel 8 / . . 7
;...»>.•.*. I.'J.
. . . . . . . ; :.-.j.lQ55r3V100..
'freight caribadiiigs< t & t a l / . .1 ! J.\
. . . ? . - . . ..thous. of c a r s . .
" HI scsllaneous
.•.
.'.
•
...do....
STATISTICS
1
June 14
15
May 22
1*7*6
163.5
187.9
17«.9
149.0
322.0
19*8
V&l
13»t
7
1*7-9
179*5
163.1
132.2
3
2i
293
i.«3
1.1*9 1
697
28,266
22,234
b2,?09
3*.536
2.60
116.0
120.1
2,222 *
5,064
388
JS:2
132a
300.8
073
2.41
1.922'
1#W
708
28.258
22,040
16,028
667
19,167
«.*33
*6.779
62.970
38,817
u
-11
2.81
119.5
124.4
2,113
4,702 *
97,9*3 {
5.113 J
189.9!;
895 '
3«7
rm
2.42
293
l . »
l f 069
*15
27»76*
21.038
17.087
93*
19.975
6,290
I63.5
189.2
177.2
1*9.2
32*.*
.379
2.39
295
1,*8J9
1,060
393
12
x64.4
193.0
178.0
lfa.3
32*.0
•376
2.36
297
27.698
33*
22.530
19.169
14,208
92 j
3.01:
132.3 ;
139.0 •
2.287
• 5.O85 1
91.138- j
5.*3? i
192.6 ;
' 879;
. 379|
2,276 t
5.076'!
92.772 |
^5.*52,.
I
^5,::
.393.!
2.31
.......
a&
J6.373
63.17*
35.*99
1U.255
100 :
3.03
128.U
13*-9 ;
2,208 i
5.109 i
83.275 i
5.^23 I
190.4 i
847'
366 I
164.2
192.*
176.0
1*9.3
327.7
•3H
2.39
27,680
a,292
17.09*
921
16,506
7
1*U *fc*iS>tj _ /{Id^emjbaiAmii^WAs. 2/ ^ r * f ^ j p n i c e e .
,ta iiince
•fh^i^stf previously*. . * ^ for o^scVlpt'lon'lee nfte
§J *Sfcovd 1
#li*e*
• for? July* 16; 1947- Jj Datamre i S - I . 3 . and 5daada Uhd'- icKlude'paeeemilr'care, commeteral cars;*and' trtftktJ
1948
1947
1946
62.936
35. a a ,
14,113
91!
2^99!
135.1
142.6
2.361
4.8k 5
75.607
5.*76
20J955
17.15*
922
-#
7.*60O
2.99
.136.1
1*3.7
»5*.o
>*« •i i
3*1!
leek.ending Jmne 19;
2
MONTHLY
BUSINESS
Sarller data are available in monthly issues of the Survey
and the 19*12 Supplement
STATISTICS
1948
19*7
February
April
March
A>ril
OBOSAL BUSINESS INDICATORS
Manufacturers' sales, inventories, wad orders!
Sales*
Value, total..,.
....mil. of dol.
Durable goods industries......*
...do*..
Nondurable goods industries..
......
do. •.
Index, total
«rc* «O.N1939«100.
Durable floods i n d u s t r i e s * . . . . . . . . . ' . . - . . • . . . . . . . . . . . d o . . .
Iron, s t e e l , and products
....do...
Ifonf errou* metale and products. • • ' * • * . . . . . . . . . . . . . d o . . .
Electrical machinery and equipment
do. • •
Machinery, except electrical*
do...
Automobiles and equipment
......••....•••do...
Transportation equipment, except a u t o s . . . . . . . • . d o . • .
furniture and finished lumber p r o d u c t s . . . . . . . . . d o . . .
Stone, clay, and glass products..
do...
Other durable goods i n d u s t r i e s . . . . . .
......do...
Nondurable goods lndustriss.
•
do...
food and kindred products...
do...
Beverages
. . . . . . .do..«
Textile-mill products, excluding apparel
do...
Leather and products
•
do...
Paper and a l l i e d products. •
do...
Printing and publishing
do...
Chemicals and a l l i e d p r o d u c t s . . . . . . . .
..do...
Petroleum and coal products
do...
Rubber products
do...
Tobacco manufactures
do...
Other nondurable goods
..do...
Inventories, book-value, end of months
Value, t o t a l . . . . . . . . .
. a i l . of dol.
Durable goods...
•
do..,
Nondurable goods..*••
do.•.
Index', total
. . ; . . . . . < a r g . mo. 1939*300.
Durable goods industries
do. •.
Iron, steel, and products.
do.• <
Honferrous metals and products
do. •.
Electrical machinery and equipment
.do...
Machinery, except electrical
do...
Automobiles and equipment
do...
Transportation equipment, except automobiles...do...
furniture and finished lumber products
do...
Stone, clay, and glass products...
do...
• Other durable goods
do...
nondurable goods industries.
• .do...
food and kindred products..
.do...
Beverages
•
do.
Textile-mill products, excluding apparel.
do...
Leather and products
do...
Paper and allied products.
do. •.
Printing and publishing..
...do..
Chemicals and allied products.
........do...
Petroleum and coal products...
..do...
Bubber products.
•
..
.do...
Tobacco manufactures........
•••
....do...
Other nondurable goods
do...
New orders!
Index, total
do..,
Durable goods
••
do...
Iron, steel, and products.
do...
Machinery, including electrical
do...
Other durable goods, excluding trans, equip....do...
Nondurable goods..
..do.•.
COMMODITY PBICS3
Retail prices, U. S. Department of Commerce!
All commodities, index...
......1935-39*100.
CONSTHUCTION AND B S A L SSTATS
Construction cost indexes*
American Appraisal Co., average, 30 cities.......191>100,
Atlanta
do...
New York...
do...
San francisco.
do..
S t . Louis.•
.^
do..
Associated General Contractors ( a l l types)
do...
DOMESTIC TBADS
All r e t a i l stores, total s a l e s . . . . . . . . . . . . . . . . . . a i l . of dol.
Durable goods stores
...
do..
Nondurable goods s t o r e s . . . •
do..,
All r e t a i l stores, Indexes of sales:
Unadjusted, combined index
*1935-39»100
Durable goode stores.
..do..,
Nondurable' goods s t o r e s . . • • ••
do..
tj Revised.
r!5.0U9
6,158
r8,891
r283
r6,449
9,760
r330
%
f
$
It
469
3lS
359
330
44!
224
*303
222
282
r3l4
305
273
350
327
33*
271
309
222
269
289
216
329
26,
M35
12,
2,724
28,752
13,509
15.243
268
280
205
250
376
293
472
627
223
163
23*
228
281
264
263
238
255
257
312
?2425
246
264
189
255
2
431
629
204
160
198
232
200
332
225
201
219
160
279
219
235
2^6
294
209
177.2
177.1
4l4
444
419
448
432
392
405
290
kzt
rl6,209
rlS.OTO
r7.3»6
n o , 704
*3?7
r3j>5
*3*5
17,085
6,813
10,272
321
350
r410
r442
408
4251
r435
r50l
r269
r252
276
r306
r297
427
494
250
277
259
305
298
*345
r300
*}P
r268
r315
r322
r252
as
r34l
W\
268
52683
335
335
313
223
327
29.I3S
13,645
15,493
271
283
207
263
389
251
287
321
299
243
r230
r29,065
rl3.549
rl5,5l6
r271
r2Si
r205
^r257
r3«4
r295
r473
r6l9
r231
165
207
r262
r243
r356
^255
r24l
276
*39S
289
rl82
302
r232
r329
r257
r3l4
*371
r329
r243
r223
189*0
188.6
190.8
as
3S
355
249
238
272
383
279
178
28*5
234
319
478
514
P
470
321
9,442
2,287
7,155
10,020
2,4 3 6
7,584
8,921
294.8
287 .h
297*2
301.3
302.2
301.0
??7
462
626
243
163
210 I
262
233
352
2531
251
276
427
284
189
325
230
324
2*5
296
312
328
254
a4
4811
515
471
321
6,784
rl0,633
r2,678
*7,955
10,612
2,832
7,780
295-2
285.8
298.3
r3a.0
r325.3
r319.6
330.2
356.1
32i.8|
MONTHLY
BUSINESS
Earlier data are available in monthly issue* of the Survey
and the 1942 Supplement
3
S T A T 1ST I C S — Continued
19*7
19*8
May
April
February
March
April
DOMESTIC TBAD3 - Continued
All retail stores, indexes of salee - Continued.
Adjusted, combined index
1935-39-100.
Durable goods stores
do...
Hondurable goods stores
do...
Department store sales, United States totals*
Unadjusted index
do...
Adjusted index
do...
303.7
322.1
326.2
320.8
*327.9
r3*l*9
'323-3
336.1
357.1
329.3
280
291
237
283
r28*
287
303
1,530
59,120
56.700
1,470
60,290
58.330
7.860
48,840
2,420
*9.3JO
1,226
59,778
57.139
6,771
50,368
2.639
297-6
289.4
3OO.3
268
277
299.7
287*4
EMPLOYMENT CONDITIONS AMD VAftSS
Labor f o r c e (Bureau o f t h e Census):
Armed f o r c e s
•
C i v i l i a n labor force*.
Employment
•
Agricultural
Ifonagr I c u l t u r a l
Unecploy&ent
•
thousands.
do...
do...
do...
...do...
•••do.*.
8,960
1,960
1,5
59."
57.329
6.8*7
50,482
2,440
1,236
6o,524
50,883
2,193
KHAHCS
Bank: d e b i t s , t o t a l ( l 4 l c e n t e r s )
flew Sork C i t y
.
M i l . of d o l .
do...
Outside Bew lork City
78,295
do...
m
80.771
32,271
48,500
96.483
142
155
I85
148
138
104
76
184
145
139
150
178
1*0
130
98
162
146
109
79
72
195
150
5,243
2.029
6,657
1,817
184
13,030
4,922
7,588
35.2**
2.585
27.938
7.783
2,97*
*,380
141
123
105
70
r213
1*5
104,170
3.*5?
95.106
2,330
1,079
1.097
511
566
987
3.57*
1.175
550
899
3.3*3
1.0*5
10,244
3,*82
103.350
1.165
1*3.253
281,762
196,628
1,096.760
15*.*ll
l*.890
790.427
661.399
129,028
205,745
r*,896
r4,449
r105,263
r3,09l
r.195,95*
r247,895
rl76,118
r990,371
r120,698
r9,106
rj45,751
r606,827
rl3S,924
rl53,424
78,359
56^96
91,646
37,955
53.691
TBANSPOfiTATION AND COMMUKICATICilS
Freight carloadings (federal Beserve indexes)!
Combined i n d e x , a d j u s t e d
.1935-39*100.
^«al
*
do...
Coco
•
do...
forest products
*
Grains and grain products
Livestock
Merchandise, JL.c.l
Ore
Miscellaneous
.
JFr eight-car surplus and shortage, daily average}
Car surplus
Box cars
»
Coal cars
...
Car shortage
*.
Box cars
..
'
Coal cars
*
do...
do...
do...
do...
do...
do. •.
number.
do...
.do•. •
do • • •
do...
d o . •.
137
119
x 3
7
11+8
151
111
79
184
1*7
12,125
120
9,*56
20,150
15.165
*,583
l*.779
W.292
10,247
678
1.203
3.616
1,322
%
1,264
3.831
1.355
1
*
71
®
130
105
X 7
?
I 0 0 D 8 5 U W 3 AND 2QBACCO
Livestock slaughter (federally inspected).
Calves
--.
......thous. of animals.
Cat tle.....
„
•
do •..
Hogs.
•do.
Sheep and lambs
*
.do.
Stocks, cold storage, end.of month:
Apples, fresh.......»
thous. of bu.
Butter, creamery
*
thous. of lb.
Cheese, total
....*...,
do...
3ggs, shell
•
thou©, of cases*
3gga, frozen
thous. of lb.
fruits, froteen
*
do...
Vegetables, frosen
do...
Total meats 1/
do. • •
Beef and veal
do.. •
Lamb and mutton
do...
Pork, total
-.
....do...
f r e s h and cured
Lard
Poultry
.do...
do...
do...
7
1,544
17,445
133.*95
3.*52
202,245
327.700
230,827
3,746
1,209
3.95*
9.19*
113.85*
1,7*2
153,876
319,718
247,795
842,693
175.724
10,808
522,101
394,421
127,680
208,256
187,717
120.665
316.819
226,619
1,168,430
178,541
16,971
837,53?
700,114
137.M6
262,374
r7,052
r93-9
r7,339
r94.7
6.9*0
93.0
7.608
95-3
6,218
80.4
5.1*6
549
518
5.**2
561
535
5.046
518
519
538
172
1.198
*8
5,096
481
518
528
1*5
1,310
148
132
302
310
395
7#.w
144,538
9 ,. 5 6 3
?
513,r
513.194
364,!
16,567
7,323
110,125
MBTALS AND MANU*ACTU££3
Steel ingots and steel for castings!
Production
toou&.
Percent of capacity
Steel products, net shipments.
Total
Merchant bars.
Pipe and tubes
Plates
Sails
Sheets
Strip — Cold rolled
Hot rolled
of abort tons.
•
%
•do.
do.
do.
do.
do.
do.
do.
do.
Hi
cvD
204
1.27*
142
150
382
l
613
630
206
1,410
1.27*
141
S t r u c t u r a l s h a p e s , heavy
do.
151
382
Tin p l a t e and t e r n e p l a t e
..do.
392
3?3
Wire and wire p r o d u c t s
do.
396
?18
425
r/ Revised. If Includes edible offal, canned meats and meat products, and sausage and sausage room products not shown separately.
si
l
3!
4
MONTHLY
BUSINESS
Sarllar data are available la aoathly issues of the Carrey
and. the 1942 Supplement
ST A T I S T ! C S ~ Continued
1948
1947
April
May
February
March
#ni
MSSALS AMD MAMUfACSrakJSS - Continued
Coppers
Production*
Mine or smelter*
. . < . . . . . s h o r t ttoas.
&*flnery»...f. A .
»•••,>
*,-...,.;.;...,.do*;.
Peliverles; refined, domestic. . . . . . . . . * . . . . . . « . . . * . . .do*..-.
Stock*, refined, and of month...
do...
Sine, slab:
P r o d u c t i o n . . . . . . . - n ,> .••«.•.,.,..».'.. *. « . . . . . . . . . . . . . . . * . - ^ © v < .•
SaipsMints.. • ••*.':••»»•..... | • •> •.'.... j . . . . . . . . «.,.....>•*,«•.• .&;&,'.,
Domeatic.... «••,.» • •'•* • • •.• -• •*... * • • • • • • • > • . . . . . . . . . . . . d o . . •<
Stocks, and of n o n t i x . . . . . . . : . . ' . . • . , . . . . . ..-.....•
do.• •
r83,909
110,886
122,988
68,582
88,1^1
104,044
. 116,475
67,?57
89,033
104,596
91,275
108,53^.
118,120
84,560
82,999
93,588
106,823
70,146
73, s?i
72,2*3
&**J15
163,697
73.970
70,803
58,827
166,86%
66V784
73.608
48,261
«....«do»..
do...
770,304
582,605
765,026
760,236
5U,91S
805,744
711,294
r423,5io
713.394
894,310
464,683
861,215
790,215
397,407
824,155
Bituminous coal, production........... .tJiQua. pf short tons-
J4I,225
56,464
49.711
34,016
34,631
377,5*6
382,610
411,991
402,780
525.985
317.619
300,386
493,925
r392,.w»0
r4l4,4ig
r470,04i
440,282
490,618
419.030
105,681
105*876
115,5*9
83,982
75.800
13^.959
*99,575
*97.S7l
r!36,0l4
103,^80
112,965
131,479
117,018
114,588
152,314
110,777
93.973
200,385
**31.353
rl22,307
r209,3l3
123,115
125,602
206,751
i
m
f3,535
,42,910
PAPER AND PBIIiTlJJO
Paperboard:
Orders, new....*. .>*
.................do...
Orders, unfilled, end of montb.
Production.,.
PKSEOLiaai Aid) COAL PBDBUCJS
STOiiS, CLaX, AHJ) GLASS PEQDUUTS
Clay product •»*
Brick, uaglased:
Production... •
...*'.;.... tkcue. of standard brick.
Shipment a «•..«.;..
...........do...
Stocks, and of month..*..•*•*•••
do...
Structural tile, unbiasedi
Product ion
•.
short tons.
Shipments........
............ .do...
Stocks
.;.<.
• •••i....<
......do...
Vitrified clay sever pip®*
P roduc t i on.
Shipments...;.,.........«
.Stocks
.do...
e do.».
dp...
515,806
107,5*3
107,101
118..&37
I0i,9l4
107,851
150.033
fJBCDra:PB0mJC3?S
Bayoni
Con tump...„..
Filament y a r n . . . .
Staple fiber
...
Stocks, producers 1 , and of months
i'ilament yarn.
.'.'*
Staple fiber. -.
...f
n i l . of l b .
..do...
60 a
I8.3
59.5
18.6
r60.6
r20*6
r67.8
r22.7
T67.9
r22.Q
do...
do...
8.3
2.9
9.0
3.8
8.8
r4.8
s
r8.7
r3.8
January
February
1947
February
Wool* 1/
Consumption (scoured basis).
Apparel class..
.thou*. of l b .
Carpet cl&ao........
•do...
Machinery activity (Weakly average):
looms*
Woolen and worsted:
Pile and Jacquard Zj
«.. .thous. of act ive hours.
Broad.
..do...
Harrow. •....
..do...
Carpet and rug*
Broad
.do,
Harrow.......
.do.
Spinning spindles:
Woolen. ..««»...........»•«..«•.•«••«••••»..•••••, •do...
• worsted... »•'.•'•«.« ••»•••»••«•••»••<•««....•.".»•.•,..,,,. d o . . .
Worsted combs..................................... . d o . . •
Wool manufactures:
Wool yarn:
Production, t o t a l . . . . . . . . . . . . . . . . . . . . . . . . . . t h o u s . of Jo.
K n i t t i n g . « . » » * « . « • • * « . . « • • • • • • • . . • • • « , . . « . « . • . . . .do>..
• W e a v i n g . . . . . . . . . . . . . . . . • • ^ • • • • • • • » # . . ••«•*......< • d o . . .
Carpet and other
.do...
March
1948
December
48,368
13.084
45.724
13.676
2,632
7Q
2,516
66
118
114
127
114
108,936
123,186
r246
99,69,3
122.115
245
90,474,|
.117.489
214
"3
103,677
. 132,418
247
68,768
65,276
8,756
^3.624
12.896
71.705
8,785
47»460
15.^60
67,108
8,084
*3.76p
15.264
m
43.830
16,175
41,700
15.948
r42,000
rl5.524
79
92
2.565
52
rl03
r2,?72
51
132
U9
12^36
r/ Bevleed. l / Bata for Jtoeafce* 1947 and March 1948 are tot 5 weeks; other months are for tow
narrow looms prior to April 194.7*
weeks.
14I
rl02,527
r!32,666
r252
r67.304
r7,9^
r43.872
r!5,492
2 / Included in data for broad and
@FedFRASER