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SURVEY OF CURRENT BUSINESS
W E E K L Y SUPPLEMENT
UNITED S T A T E S DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC
COMMERCE
AVAILABLE OHIY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSlNFSS
SELECTED
J U N E 29, 1951
BUSINESS
INDICATORS
ELECTRIC-POWER PRODUCTION BY UTILITIES
STEEL- INGOT PRODUCTION
(BILLIONS OF KILOWATT-HOURS)
(1935-39*100)
Wl' WW. 1001
I I 1 i I I I I Ì M 1 I t I1 I I I I 1 I I I I 1 1 I I i l l I I I 11 I 1 I M 1 I I I i LLL1
4
r
M * A
fi
«I
J
A
9
Q W
i,„ i, i, 1 1 1 t i I i n 1 m
n
HOURLY EARNINGS AND HOURS IN MANUFACTURING
COTTON CONSUMPTION
60
h i > h in 1 > m i m Ih n > 1111—_
MONTHLY
50
40
30
20 1 M i 1 1 1 1 III
1 M 1 I 1 1 1 .1.1,11 Ì1 i 1 III,» » 11 III 1 1 1 1 1 M
1951
1950
1949
1948
WEEKLY
ITM
BUSINESS
1950
1949
1948
1950
Juaa 17
1951
STATISTICS3
June 24
1951
May 26
«Tua* 2
Jon« 9
Commodity prie««, wholesale:
162.4
Ali OOmmOditi««
1926.100..
181.9
182*5
I98.I
loi .6
fa» products
...do*.
199 •«
197.5
187-3
162.1
food
«
«••••do*.
I60.T
188.4
1«7*3
148.6
171.I
146.8
All other...
do*.
170.8
I7O.9
262.9
28 commoditi«« 2/
.August 1939.100..
264.4
2.4
356*3
359.7
•33«
Cotton, middling, I5/I6", 10 market« V
dol. per lb.
•33T
.452
.452
.452
2.I5
Wheat, äo. 2, hard Vinter (Xanea« City)
dol. per hu..
2.13
2.34
2-35
2.36
102
Department «tore «al««
1935-39*100.
250
311
I.805
Znsur«d unemployment, total
thou«..
1.556
47
1.5*3
State program«
do... «
945
939
1
28
Veterans' programs
do....
1
t
finance:
Currency in oireulation 3/
mil. of dol..
26,9l»0
27.281
27,482
26.99«
f«d«ralfieeervebank credit, total.
do....
18,26l
23.411
23.377
13.270
Member hank reserve balano««
do....
16,169
18,606
18,516
16.;
19.19«
Bxcese reeerree, estimated
do....
303
647
862
279
federal Äeeerve reporting member banks in leading cities:
Baak debite, total
mil. of dol..
22,850
35,296
25.3<5
i®w Tork City.««...»...«.«»....•••«•»•.*.•«•.••.•..do....
9.285
9.721
9.2»
Deposit«, demand, adjusted
.do....
47,942
50.286
48,OUO
49,865
Loans and investment«, total
do....
67.299
69.037
67,905
69.493
U. S. Government obligatione
do....
36,505
36,935
30.207
30,382
Comm«rcial, industrial, and agr. loans (gross)
do...,
13.%9
1«.992
19.189
failure«, industrial mad eomm«rcial
number..
IT«
191
172
Bond yi«ld«, dom««tic corporata (Moody*«) 3/
p«ro«nt..
2.87
2.87
3.10
3-11
•took prie««, 4l6 «took« (Standard and Poor*«)... .I935-39.IOO..
148.9
149*4
I69.O
171.3
Industrials, 36$ «took«
....do....
158.8
183.6
159.5
186.2
Production}
Bituminous coal 3/
thous. of «hört ton«..
1,648
1,626
1.727
1.75«
llectric power,
% utili ti««
ti
r,Jbjr
ail. of kw-hr..
6.653
6,012
6,102
6.73$
1
Motor vehielos.CVard «)
.number.. 195.643
150 . r t *
196,348
143,288
Petroleum, crude J/
.thou«, of bbl..
• 6,0a
5.269
5,276
6.087
••••1935-39-100..
Steel k/
215.9
232.0
216.1
91.I
thou«, of car«..
freight carloadix^s, total
8O6
810
812
«13
do....
Miscellaneoue
382
396
3«1
391
Digitized1/forData
FRASER
do not always cover calendar w««ks. 2/ Shursday prie««. ¡J Daily averagee. 4/ Week ending June 30, 230.2.
2
§
Jone 16
181.7
198.0
I86.9
170.6
351.8
.452
Jon« 23
181.6
199.0
l«7-3
170.2
348.9
.453
304
27.517
23.783
19.487
1,086
27,502
24,150
19.482
826
24,439
9.562
51,133
69.492
30.555
19.085
130
3.1*
171.9
187.1
I.717
6.747
147.355
6,108
91.I
826
395
12.255
190
3*18
173.9
189.6
150.492
........
231.1
2
MONTHLY
BUSINESS
Earlier data are available la monthly Issues of the Survey
and the 1949 Statistical St^ppl«»«*
STATISTICS
1950
April
1951
*ay
febrtuwcy
Maroh
April
C0MM0DI7T PHI01S
Wholesale prices (U. S. Department of Labor)»
Combined index
1926.100.
Sconomlo classes:
Manufactured products
do...
Saw materials
do. •.
Semimanufactured articles.
do...
farm products
..do...
drains
.....do...
Livestock and poultry
do...
Commodities other than .farm product a
do...
foods
do...
Cereal products
do...
Daisy products...
do...
fruits and vegetables
.....do...
Meats» poultry» and fish
do...
Commodities other than farm products and foods
do...
Building materials
do* •.
Srick and tile
do...
Cement..
.
.do...
Lumber*
*
do...
Paint and paint materials
.do...
Chemicals and allied products
do...
Chemicals
do...
Drags and pharmaceutical materials
do...
fertiliser materials
do...
Oils and fats
do...
fuels and lifting materials.«
do...
Electricity".
do...
Gas
.
*
do...
Petroleum products
do...
Hides and leather products
do...
Hides and skins
do...
Leather
do...
Shoes
do...
Housefurnishing goods
do...
furnishings.
do...
furniture.
do...
Metals and metal products
do...
Iron and steel..
.....do...
Metals, nonferrous
do...
Plumbing and heating
.do...
Textile products
do...
Clothing
do...
Cotton goods
do...
Hosiexy and underwear
*
do...
Bayon
do...
Silk
do...
Woolen and worsted goods..
do*
Miscellaneous.
do*. •
do...
Sires and tubes.«.
Paper and pulp
do...
Wholesale prices of selected oonmodltlest
Coal, bituminous, mine run, composite....dol.per short ton.
Coffee, Santos So* 4 (Hew York)
dol* per lb.
"Cotton cloth; print, 64 x60...
cents per yd.
Wheat flour, stand, patents (Minn.)... .dol.per 100 lb.sack.
Lumber:
Douglas fir,dim.9Ko.l,eom.,2*x 4"x 161...dol.per M bd.ft.
Southern pine,boards,Ho.2,com., 1" x 6* or 8* x 12*..do...
Ponderosa pine, Ho* 3, common, 1" x 8"
do...
Steel, scrap,heavy,melting (Pittsburg*)... .dol.per long ton.
Gasoline, tank wagon (Hew Tork)
dol. per gal.
Petroleum, crude (Oklahoma-Kansas),at wells...dol. per bbl.
Sugar, refined, granulated (Hew York)
dol* per lb.
152*9
155.9
149-4
rl§2.1
162*5
143.9
178.0
151.2
155.3
1*5.9
141.1
137.6
200.6
146*4
194. S
163*4
134.9
299.4
136.7
117.1
166.3
rl45*8
I64.7
172.3
194.6
153.7
m
138.0
139.2
a7.i
147.6
198.1
163.9
134.9
310.8
136.8
rll6.3
llo*4
U6.5
122*0
122*3
U6*8
rl22*3
rl32.9
117.4
127.5
131.2
67.8
86.8
109.5
179.4
187.2
179.I
184.3
145-8
152.6
138.8
168.7
168*9
128*9
154.7
.4
.2
172.8
97.7
39.9
49.I
66.6
87.2
112*6
181.0
194.4
179.3
185.0
146.6
154.1
138.9
rl69-9
rl6S.8
156^
136.1
rl43-9
172.O
97.7
Ikt.l
183*6
184.0
183.5
175.5
199.I
175.8
199.4
187.5
175.9
197.7
rl87.1
r2D2*5
189.1
240.9
179*0
18*.7
187.1
202*6
I92.O
238.2
187.6
166.3
173.0
142.4
255.2
164.4
146.4
118.1
217.3
118.1
214.6
93.8
120*3
"933
120.0
228.1
180.8
185*2
138.1
66.4
92.2
119*4
238.2
317.8
33
2.570
.076
J2-324
69.342
66.220
37.00
.142
2.570
.076
232.6
336.2
313.0
297,-8
229*2
222.0
222*1
188*8
rl89.0
rl85*9
163.2
163.2
I63.2
185.6
183.5
184.1
183.7
183.7
153-2
rl82.8
240.5
163.9
359*9
S i
»3.1
ru.3.5
43.I
240.2
142.5
82.8
196.3
142.7
8.967
.548
8*944
6.125
6.145
I/83.902
80.533
I/83.943
I63.9
113.8
90.8
227.3
8.967
66.176
64*130
32.88
.138
138.I
188.1
185*7
I9I.I
183.7
181.1
8.7a
69.090
138.6
65.1
I79.9
195.5
8.756
5.690
138.2
185.1
178.8
193.4
155.4
5.656
180.8
147.1
175.4
186.9
155.4
.462
14.2
1§.9
2^.5
172.4
228*5
147.I
359 «8
164.0
147.3
139.0
171.8
142.7
82.8
196.5
.473
14.0
164.5
166.6
164*5
170.3
139.3
255.1
rl72*2
228.5
180.8
rl47.2
361*0
164.7
144.3
138.2
184*5
117*8
198.7
114.7
65.8
241.2
179.2
146.1
112*6
65.O
203.8
188.0
•555
33.O
6.306
i/83077
80.173
84.510
45 .88
.147
2.570
.081
236.2
r l l43.1
3*5
r85.2
90.8
^3.7
82.8
196*2
23.O
.147
8O.O37
87*070
45.OO
.147
2.570
.081
2.570
.081
r4l.l
x4l*9
r40.l
r64.57
r69*26
r58*55
rl.571
rl.653
rl.696
rl.374
rl.390
rl.54l
x4l.O
r42.0
*.oo
EMPLOYMENT AND WAGES
Hours and earnings (U* S. Department of Labor) I
Average weekly hours per worker, all manufacturing.. .hours.
Durable-goods industries..
do...
Hondurable~goods industries
do...
Average weekly earnings, all manufacturing
dollars.
Durable-goods industries
do...
Nondurable-goods industries
do...
Average hourly earnings, all manufacturing
do*..
Durable-goods industries
do...
Ordnance and acceesoriee.••*••
do..
Lumber and wood products (except furniture).......do...
furniture and fixtures
.do.*.
Stone, clay, and glass products.
do...
Primary metal industries
do*..
fabricated metal products (except ordnance, machinery,
and transportation)
dollars.
Machinery (except electrical)
do...,
•7
8:•7
39.9
40.8
.5
# 9 3
61.01
52.17
1*434
1.499
I.5I3
r
1*311
1.251
57«!$
61*57
52.83
1.442
I.509
I.515
1.336
1.250
1.400
1.609
1*404
1.619
1.488
1.569
1.496
1.576
rl.795
rl.651
rl.744
Digitizedrj
forEevised.
FRASER g/ Preliminary. 1/ Substituted series; price Is based on quotations from a smallar number of companies.
«8K
.»69.76
r58.20
ti.673
rlAjl
rl.3?5
rl.W
rl.SOU
rl.61
MONTHLY
BUSINESS
Barlier data are available in monthly ieeaoe of the Surrey
mad the 1949 Statistical Supplement
STATISTICS—Continued
1950
April
3
1951
May
februaxy
March
April
BlPLOIMBrT AB2>tt&BS- Continued
Hoar» and earnings (U. S. Department of Labor) - Continued
Average hourly earnings» manufacturing - Continued
Durable-goods industries - Continued
Blectrical machinery
.
dollars..
Transportation equipment.
do..•.
Instruments and related products
......... .do...•
Miscellaneous manufacturing industries
do....
Hondurable-goods industries
do....
food and kindred products
do....
Tobacco manufactures
.. .do....
Textile-mill products
do....
Apparel and other finished textile products
do....
Pqper and allied products
do....
Printing, publishing, and allied Industries
do....
Chemicals and allied products
do....
Products of petroleum and coal
do....
Bubber products.
do*...
Leather and leather products
do....
wcwam
1.4H6
1.706
1*455
1.4J8
1.292
1.355
1.444
1*302
1*35«
1.339
1.2014.
1.204
1.376
1*870
1.470
1.810
1.544
1*172
1.373
1.877
1.485
i.yio
1*087
I.698
1.081
1.156
rl.569
rl.582
rl.839
rl.601
rl.Uo4
1.460
1.443
rl.l4l
rl.815
rl.458
ri.tóo
rl-139
1*322
rl.290
rl.506
ÌI174
1.261
rl.264
rl.516
1.947
rl.6l4
»1-939
rl.648
r1.267
829
817
1.076
1.060
rl.280
1,261
168,158
173.«70
114,190
173.223
122,980
^04i
131.405
757.5^7
1-933
rl.607
1.932
rl.629
»1*593
rl.828
rl*602
rl*406
rl*466
rl.448
rl*156
rl.327
rl.234
I.520
rl.9^9
rl.6&
rl.974
rl.6%
rl.280
mjm
Baport s, including reexports, total
Ssports of V. S. merchandise, total...
5jr economic classes:
Crude materials
Crude foodstuffs
*
Manufactured foodstuffs and beverages
Semimanufactures
finished manufactures
By principal commodities:
Agricultural products, total
Cotton, uananufaetured.**
Orailns and preparations
Honagricultural products, total
Automobiles, parts, and accessories 1/
Chemicals and related products 1/.*
Iron and steel-mill products
Machinery 1/
Petroleum and products.
Textiles and manufactures
ail • of dol..
do....
thous. of dol..
do....
do...*
do....
.do..**
General iiqports, total
Imports for consumption, total
*
By economic classes:
Crude materiale
Crude foodstuffs
Manufactured foodstuffs and beTerages
Semimanufactures
finished manufactures
*
By principal commodities:
Agricultural products, total
*
Coffee
Rubber, crude, including goayule
Sugar
Wool and mohair, unmanufactured
XonagricultUral products, total
;
Bonferrous ores, metals, and manufactures
Paper base stocks
*
Bevsprint
Petroleum and products
GSBMICALS ABB ALLIBD PBODTJCTS
do...*
do....
do*.**
do....
do**.*
do*..«
do....
do.. .*
....do*..*
do....
145,804
62.705
51.304
87.494
445.7«5
228,246
,675
, 818
,846
J
59.106
90,279
454,993
233.957
90,277
54,098
582,740
55.263
60,954
40,639
307.401
98.935
122,218
753.064
m.190
41,002
41,742
6 2 ^
42,007
248,639,
59,
585.018
§59.090
906,960
573,441
653.955
do**..
..do....
do*...
do.. .*
do... *
163.3$
109,526
167.599
117.240
75.971
.do. *..
.do....
do...*
do... *
..do*...
do....
do*..»
.do.*. *
do.*.*
.do*.. *
262,140
64,061
29.59«
30.393
27.925
310.702
>14.835
15.«9«
33.703
48,^2
do.*..
do....
4M17
60,220
39.14«
176,395
40,143
44,732
61»79J
130.&3
108,184
Superphosphate (bulk):
Production
short tons.* 1.065,650
798,871
Stocks, end of month
do...*
Paint, varnish, lacquer, etc., sales, total....thous* of dol..
«7.605
Classified, total
do...*
79.34«
Industrial
*
do**.*
30.935
Trade
do....
48.413
Unclassified.
. .do....
8,857
169.031
124,114
278,891
5«. 7 «
23.7«6
37.067
31.0®
375.064
71.606
20L.438
44.927
^5.295
76.218
329.889
«3.753
129.874
931.484
104,869
78,746
55.3«*}
419.941
U7.761
177.276
935.030
307.7%
82,562
«5.550
48,071
308,215
63»151
79.172
906,443
1.099.619
1.033.994
1,004,400
956,735
282,993
201.301
311.267
233»«69
195.906
13&,112
225,746
170,345
330,569
159,212
«9,477
214,050
163,428
476,223
538,646
15?»933
74,345
40,%1
«4,903
495.3^
76,057
30.773
44,222
50.246
31«,016
56.163
92.96«
86.132
41,017
t53.692
430,220
61.194
30,808
32.942
50.307
968,233
1,007,617
912,909 rl,125,418
99.792
103,^*6
90.969
93.^
35.175
5«. 299
9. «12
«.«23
rl, 107,048
»953.785
rll3,4j6
r
^!3«J
»99.306
»9.743
470,002
96,645
65,026
39,717
304,77?
486,734
69,182
29,166
39,287
51.299
1,048,939
«5^.99?
106,086
?6,677
41,730
$4,947
9,430
fOQDSTDXfS ABB TOBACCO
Sogar, U. S., deliver! eeand simply {raw value)s
Production
short tone..
17.572
28,8a
Sntries from off-shore
do....
572,778
Banali and Puerto Bico
.do....
2HJ
»1.671
Deliveries, total,.
do****
565.942
740,134
lor domestic consomption
do...*
563,397
73«,2W
Stocks, raw and refined, and of month
do.*** 1,573.184
IMS.Z*
Tobacco, manufactured products, consuaption (withdrawals) :
Cigarettes, small, tax-free.
millions. *
1,974
Cigarettes, small, tax-paid.*
do...*
25,82$
32^74
thousands..
383,349
Cigars, tax-paid
424,370
Manufactured tobacco and snuff, tax-paid
thous* of lbs**
18,176
18,99«
tJ Bevieed. jJ Preliminary* 1/ See note on corresponding item in the Jone 1951 Surrey
66,422
553»«32
104,596
556.093
566,803
1,611,708
40.570
564,059
164,129
533.772
534,495
1,722,027
3.0>3
»•«57
435.0J4
17.7&5
2,600
30. 160
^55.351
l«.4?3
67,747
171,703
532,257
l.«17
3,1|
444Ì006
1«.^51
MONTHLY
4
BUSINESS
Earlier data are available in monthly leeuee of the Surrey
and the I9U9 Statletioal Supplement
STATISTICS—Continued
1951
1950
April
April
February
LSA3SX& AND MAHUFiCTUBSS
Shoe« and slipper«» production, total
thoue. of pair».
«he-,*, mmaIi, and play shoes, ezo. athletic,total...do...
Hon'»
do...
Touvn»1 sund boys'
do...
tfostec a
do...
Miesej rd children»
do..,
Infax>?s zac. oaotee'
do..,
Slippers fir houeewear
do...
Athletic
do..
Other footwear
do..,
MSXALS AND KANUVACTUSBS
Iron ore (Lake Superior district)!
Consumption by furnaces
thoue* of long tons.
Stocks, end of month, total
do..,
•t furnaces
do..,
On Lake Erie docks
4o..
Steel forcings, for sales
Orders, unfilled, total
..short tons
Drop and upset
do..
Press and cpen hammer
do..,
Shipments, total
do..,
Drop and upset
do..
Press and open hammer
do..,
Barrels and drums, steel, heavy types:
Orders, unfilled, end of month
thousand«
Shipments
do..
Stocks, end of month
do..
Lead, refined (primary refineries):
short tons
Production
Shipments (donestio)
do..
Stocks, end of mor.th
do..
Machine toole, shipments
19b5~b7«100
PSTBGL8M AND PHODUCTS
Crude petroleum:
Production
thous. of bbl
Consumption (runs to stills)
do.*
Stocks, end of month: Gaeolinc-beariag in U. S
do..
Refined petroleum products:
Fuel oil:
Production:
Dietillate fuel oil
do..
Residual fuel oil
do..
Stocks, end of month:
Distillate fuel oil
do..
fieeidual fuel oil
do..
Lubricating oils:
Production
do..
Stocks, refinery, end of month
do..
Motor fuel:
Production, total
do..
Gasoline and naphtha from crude petroleum
do..
Natural gasoline and allied producte
do*.
Stocks, gasoline, end of month:. finished gasoline
do..
Unfinished gasoline
do..
Natural gasoline
do..,
PAPER AND PRINTING
Newsprint, Canada (including Newfoundland):
Production
Shipments from mill«....
Stocks, at mills, end of month
Newsprint, United States:
Consumption by publishers
Production
Shipments from mills
Stocks, end of month:
At mills
At publishers
In transit to publishers
ZEISILK PRODUCTS
short tons
do..
do..
X2.380
38.&
9.337
I.«?
19.63Í
5.X87
3.2X9
3.017
87«
1*6,176
1*2,009
riO.598
I.255
r a . 176
m
3.552
38.732
3^.715
9.3<*
1.025
17,316
b,207
2.863
3.^78
7,3«
6.X35
2X.12Î
20,3»
3.799
7.372
17.335
1^.919
2,bi7
7.235
15.072
13.258
1.813
781.2JX
636,611
lXX,623
X97!2I
31.351
87^.598
697.335
177.263
160.917
118.039
b2.878
92b.202
736.7OI
187.501
153.957
112,07b
M.873
9.93«
2.313
52
10.6lb
2.762
b8
10.660
2.38b
b2
82.5
27.775
123.8
50,701
50,927
27.259
158.9
^,362
b2,033
29.b37
rl57.7
1U9.052
155.797
2bb.605
I59.WU
I7I.599
239.877
l66.0bl
183.7^5
235.3*7
187.62b
2OO.535
233.82b
183.800
185,b88
2*3.180
a s
30.920
32.95*
m
bl.129
bl.771
35.139
36.908
37.530
»•2.739
39,b82
^7.587
39.Í09
U2.978
37,516
^.736
36,910
3.6X5
U,039
8,280
*.339
8,386
5.508
8,209
5.175
8,393
SU,801
83.752
76.335
15.631
93.378
82,lb0
17.780
76,826
16.708
3.353
21
7.1x0
i»». 099
1®
1X.38X
II.5XX
2,8X0
357.23«
372.8OX
99.193
80,990
18.2&3
60.993
113,657
93.X59
20.198
X.659
1.7a
28
>«,196
.751
S
39.979
«.787
»1.8U
X,X10
1.967
35
X8.929
77.606
68.25X
IX,016
119,58*
«.Í73
7.950
112,915
8,120
8,163
129.537
7.706
7.8b2
133.^5
7,991
8,109
130,501
8.687
8.522
179.390
X59.937
X79.56O
159,767
*25.097
MX),833
1U3.O82
b72,963
\73.5?3
Ib2,5b2
^7,551
bbj.288
lb6,805
336.568
8U.38I
39b,387
9^,015
92,630
biot723
88.888
90.7*0
S3S
do..,
do..
do..
I»3,801
«5.3X0
X01.922
89,719
86,257
do..
do*.,
do..
6,120
28X.010
91.075
9.582
288,6A
9X.187
331.bb0
IU.019
7.U26
8,811
3*9.308
95.893
6.959
322,750
95.3*0
710,66s
718,825
89b. 602
911.65b
980.906
20,0X8
21,X58
20,22$
9.X67
22,221
20.885
22,246
20.957
8.7$
. U73
8.935
128
10.39*
152
" • s
IO.Í36
150
21.13b
19.903
I2.bb7
505
11,699
Cotton: 1I
Consumption
bales
Manufactures, tqpindle activity (cotton system spindles):
Aetire spindlss, last working day, total
thousands,
Consuming 100 percent cotton
do..,
Spindle hours operated, all fibers, total
mil. of hr
Average per working day
do..,
Consuming 100 percent cotton
do..
Operatlone as percent of capacity
do..,
38.X85
3X.215
8.287
1.281
17.105
X.538
3.00X
3.708
319
2*3
38.05«
3*. a *
7.8b2
I.IO5
17.^68
b.670
3.119
a.301
128
@FedFRASER