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RVEY OF C U R R E N T B l WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT O F COMIM r* "*P, BUREAU O F F O R E I G N A N D D O M E S T I C COMM^RCC AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS SELECTED B'USINESS INDICATE ELECTRIC POWER KiOtV*. STEEL INGOT PRODUCTION (1935-39= 100) .(BILIJONS OF KltOWAl ' -]n> \ CONSUMERS8 PRICES (SEASONAL! "i ADJ 0 9 3 5 - 3 9 - 100) c "t) JZ~ - 300 225 200 A OOP v /%?, ^ 250 ^y^JT^ 175 ?00 *YX.J&*^X"' 150 150 125 100 „J_U.J»aJuaJU.Xj * , i i | i i ^ x a ^ J ^ L X J ^ u . „JJ 1948 WEEKLY I L L k L i l l . 1949 100 BUSINESS NONDURABLE MANUFACTURES -L hlJ I946 1947 STATISTICS1 1948 ITKK Commodity p r i c e s , wholesales All commodities 2/ «....1926*100.. Fax® products 2/ . . . . . . . . . . . . . . . . . . . . .do.... food 2/ . . . . . . . * . . . . . . . . . . . . . . . . . . . . . . . do M l other 2/ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . do 28 commodities ^J........................... .August 1939*100.. M Cotton, middling, 15/lS , 10 markets 4 / . . . d o l . per l b . . Wh©ats Mo. 2B Hard Winter (Kansas City) . . . . . . . . . d o l . per toil.. Department store sales* 1935~39*100• » Insured unemployment „ t o t a l thous.. State p r o g r a m ® . . . . . . . . ........ .................do.... feter&ns 5 p r o g r a m s . . . . . . . . . . . . . . . . . . — .do.... Finance* Currency in circulatioa 4/.............. .ail. of dol.. Federal Seserve bank crsdi t, total....... — .do.... Member bank r©s©rr© balances...........................do.... SSECSBS rsserress estimated. .do.... federal Eeserve reporting member bimkt in leading cities! Bank d®bi ts 5 total .mil. of dol.. Mew York City.......... .... do.... Deposit®* demand,, adjusted do.... Loans and investments, total........ do.... U. 3. Government obligations...... do.... Commercial, industrial and agricultural loan® do.... Failure®, industrial and commercial number.. Bond yields, domestic corporate (Moody's) 4/..... percent.. Stock prices, 4l6 stocks (standard and Poor* B) ... .1935-39»100.. Industrials, 365 stocks................. do.... Productioni Bituminous coal 4/ .thous. of short tons.. Electric power, by utilities...... mil. of kw-hr.. Motor vehicles ($ards)....................«. ....number.. Petroleum 4/ ..................................thous. of bbl.. Steel 6/ . . " . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1935-39-100.. Freight ear loadings, t o t a l . . . . . . . . . . . . . . . . . . . . . . t h o u s . of c a r s . . I Mi s c e l l a n e o u a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . . . May 22 May 29 April 30 163.8 188.7 177.5 149.1 324 .4 •379 2*39 295 1,482 1,059 391 27,698 20,674 16,506 294 164.5 192.6 177.7 149.0 324.0 .376 2.36 297 1.356 967 358 I56.I 169.4 162.9 147.9 27,752 21,201 16,901 '723 27.393 21,705 19,020 481 22,530 9.171 46,440 5/63,456 35.S66 5/ 14,302 92 3.01 132.2 139.0 20,561 8,821 46,856 63.129 35.298 14,206 112 3.00 134.4 141.6 20,091 8,225 ,!+M75 5/61,315 .32*951 5/14,162 204 3.00 117.5 123.0 2,285 5.085 85,855 5.439 192.6 879 2,278 5.076 88,441 5.452 195.5 905 393 1,927 5.304 129.457 4,922 201.3 7g5 350 3 so May 7 Kfy 2fi 155-2 168*3 15^-5 17V.5 161.0 U. I «. J •330 2.25 286 2,652 • 3*7 2 #) £,6V 2 e 001 56S 556 1 19 on "lb 1 ' ' 7£T 22,40? 9,875 45,822 5/61,635 33-63 5A3.97& 193 3.00 118. £ \2h,j 1,86 T 5,284 123,577 M97 20u.9 T (>, 0 JtSbo 7,922 5 3-fV 117 ^ 12*. b l,8kU •3^257 US., 55"^ \V -a ,1/ Data do not ; always cover- calendar weeks. 2/ Revised s e r i e s . See note i n D®ceab®r 3, 1948 i@su@. "/ Biux idto? age®. 5 / B Beginning July 1948 individual loan items a r e reported gross, currently and for a year ago, t'Wtxrd of r loan.® a r e included on a net bassis for a l l years. 6/ Week ending June 4,. 1M%B\ t!7,4o9 20,043 J /OS 7 ZfS' > i <) ? t 39 tK * ; vS15 '10,630 H 904 2.99 l©gs£^S 194.3 2 MONTHLY BUSINESS Sarlier data are available in monthly issues of the Surrey and the 1947 Supplement STATISTICS 1948 March I9U9 April January February March GSNSBAL BUSINESS INDICATORS Induttrial production (Federal Eeeerre): Unadjusted, combined index Manufactures Durable manufacture* Iron and eteel Lumber and producte Furniture Lumber. Machinery . Nonferrous metala and producte Smelting and refining Stone, clay, and glass product• Clay products Transportation equipment Automobiles (including parts) Nondurable manufactures Chemicals Industrial chemicals Leather and products Leather tanning. Shoes. .... Manufactured food products Meat packing Processed f r u i t s and rage tables. Printing and publishing Bubber products. Textiles and products Cotton consumption fiayon d e l i v e r i e s Wool t e x t i l e production Minerals Fuels Anthracite Bituminous coal Crude petroleum Metals Adjusted, combined index 1/ Manufactures Durable manufactures Lumber and products Lumber Nonferrous metals and products Smelting and refining Stone, clay, and glass products Clay products. Nondurable manufactures Chemicals Leather and produc ts Leather tanni ng Manufactured food products Meat packing. Processed fruits and vegetables Printing and publishing Minerals Metals. 188 1 197 1 228 207 14 3 178 125 283 201 193 201 169 240 202 173 252 433 114 101 123 X4l ia 85 153 205 175 147 303 177 13b 146 108 97 169 82 191 200 229 151 137 201 192 211 176 177 250 115 102 158 131 155 1935-39-100. do... do... do... do... do... <*©•• • • do... . .do... .do... do... do... .do... • do... .do... . .do... .do... .do... .do... .do... .do... do... do... do... do... do... do... do... do... .do... do... do... do... do... do... do... do... do... do... do... do... do... do... .do... .do... do... .do... do... do... do... do... do... do... do... 142 118 number. do... do... do... do... ...........do... thous. o f d o l . do... ..do... do... do... .do... 477 k f\ 43 136 19U 57 17,481 1,883 957 9.243 3.714 1,684 186 193 217 177 144 169 131 '275 200 203 208 168 237 197 174 251 439 110 105 113 lk 2 187 195 225 228 118 154 100 268 I83 186 192 167 244 209 170 256 447 108 104 111 148 179 90 149 116 90 159 200 175 1U7 298 179 145 149 105 102 171 126 188 195 217 145 132 200 203 211 173 177 249 110 105 157 125 1*7 154 147 137 193 160 123 313 150 143 156 88 145 167 68 191 198 227 129 117 183 186 p204 180 175 257 108 103 159 152 138 155 149 104 404 50 30 566 41 53 185 232 115 154 96 262 186 200 188 168 242 206 169 251 434 116 115 iil 149 86 154 188 157 125 305 143 143 155 74 142 168 P75 189 196 226 123 107 186 200 P203 177 173 250 113 108 162 156 137 155 148 pill 181 190 221 rX24 rl50 110 r252 vlSk r209 186 rl63 r240 r204 164 r248 r428 113 99 123 rl45 141 r85 155 rl8l 142 120 275 122 rl30 rl37 52 rl63 P91 184 193 223 129 119 rl83 r209 P195 rl71 168 r246 113 99 163 V rl54 152 rt.36 pl24 BUSINESS POPULATION Industrial and commercial failuresJ Failures, total Commercial service Construction Manufacturing and mining Eetail trade Wholesale trade Liabilities, total Commercial service... Construction Manufacturing and mining Betail trade Wholesale trade 99 175 50 15.296 1.472 1.662 7.057 2.476 2.629 i? 9 267 76 19.159 1.174 1.892 8,625 4,841 2.627 COMMODITY PBICSS Consumers* price index, all items Apparel Food Fuel, electricity, and refrigeration Oat and electricity Other fuels Housefurnlshings Bent Miscellaneous vj Revised. 2 / Preliminary. ..1935-39»100. do... do... do... .....do... do... do... do... do... I66.9 196.3 202.3 130.3 93-8 175.51 194.9 116.3 146.2 169.3 196.4 207.9 130.7 93.9 176.1 194.7 116.3 147.8 170.9 196 204, 138. 95^ 191. 196. 119154. 1/ Indexes for which seasonal factors have been fixed at 100 are not shown; 63 170 318 V 27.567 896 2.476 15.009 5.728 3.458 I69.O 195.1 199.7 138.8 96.1 192.6 195.6 119.9 154.1 849 89 77 215 366 102 j 97.444 65.048 3.018 17.075 7.269 5.034 169.5 193.9 201.6 138.9 96.1 192.5 193.8 120.1 154.4 see unadjusted s e r i e s . MONTHLY BUSINESS Earlier data are available in monthly issues of the Survey and the 1947 Supplement ST A T I S T I C S — Continued 1948 March 19*9 ipril January February March April CONSTRUCTION AND RKAL ESTATB Value of contracts awarded (Federal Reserve indexes): Total, unadjusted 192J-25-100. Residential, unadjusted. .•• do... Total, adjusted .......do... Residential, adjusted do... 182 156 181 148 206 181 181 154 142 110 174 133 146 109 169 123 rl75 rl35 rl75 rl29 206 167 181 142 301,627 107,103 194,524 319.3*2 115.382 203.959 205,902 20^., 6 6,689 / 139.213 196,656 68,316 128,340 258,692 89.179 169.513 295,75* 101,110 194,644 40.4 40.9 39-9 52.07 55.25 48.66 1.289 1-352 1.412 1-350 1.421 1-539 1.472 1.31*4 1.071 1.126 1.260 1.220 1.140 1.092 1.106 1.187 .968 1.249 1.621 1.315 1-593 1.408 40.1 40.5 39-6 51.79 5*-96 *8-33 1.292 1-357 1.416 1.350 1.431 1.533 1.478 1.343 1.O83 1.131 1.271 1.220 1.138 1.040 1.116 1.201 -973 1.250 1.646 1.327 1.600 1.412 *39-5 r40.2 38.7 r54.51 r58.69 50.04 rl-380 rl.46o r39-3 *39.9 ri.521 1.711 n.577 rl.444 rl.121 rl.183 rl.357 rl.293 1.189 rl.123 r1.140 rl.268 1.020 1.336 rl.723 rl.4ll rl.752 1.501 ?38.7 r54.12 r58.17 r49.gg 1.377 1.458 rl.529 1.450 rl.522 rl.700 rl.572 rl.447 rl.112 1.182 1.356 1.289 1.185 r1.114 rl.140 I.265 1.022 rl.335 1.737 rl.4l6 rl.746 rl.504 r39«0 *39-* r38.6 53.63 r%»72 rl.375 rl.456 1.^28 rl.456 ri.524 rl.673 rl%571 rl.436 1.129 rl.187 rl.35^ rl.288 rl.180 1.098 rl.l4l 1.268 rl.033 rl.331 1.759 rl.410 rl.746 rl.502 P38.3 P39«0 P37.6 P52.62 P56.75 p48.39 pl-374 pl.455 pl.528 pl.*55 Pl.519 pi.685 pi.559 pl.437 pi.138 pl.185 pl.35* pi.287 Pl.174 pi.050 pi.146 pl.270 pl.042 pl.3|6 pl.764 pi.427 Pl.767 Pl.507 99-97 100.54 65.20 100.19 IOO.74 65.99 100.47 IOO.96 69-82 100.45 100.93 70.26 IOO.58 101.04 71.35 IOO.56 101.01 72.18 134,201 13L835 2,116 134.167 132,544 1.379 13*.297 13L931 2,116 13*.5*6 132.903 1.396" 131.276 128,994 2,032 131.897 130,230 1.419 131,272 128,993 2.030 131.863 130,188 1,426 131,304 129.027 2,028 132.065 130,368 1.447 131.360 129,094 2,016 132,098 67.757 1.933 70.262 1,938 67,478 2,030 65.325 2.045 67,518 2,051 66,238 2, 060 13,016 13,046 1,613 13.311 13,206 1.712 12,855 12,939 2,136 11.121 10,116 3.229 15.120 14,088 *.2*9 14,500 13,042 5.708 29,265 29,808 29.^13 395 21,048 3.237 27.389 31,601 31.032 569 23,812 2,827 26,573 37.15* 36.587 567 23.615 2.988 22,381 37.727 37.434 293 20,169 3.184 28,293 37.708 37.420 288 27,824 3,114 36,232 *3.53© 43,061 ,469 27.027 2.541 71.835 74,313 76.050 76.951* 81.652 8O.336 76,045 75.305 80,185 78,964 7,381 6.977 9,733 6,040 5.589 8,410 5.687 5.*44 8,397 7.7|f 9.635 90,226 80,819 100,190 95.860 92.030 80,120 91.210 79,300 DOMESTIC TRADE Mail-order and store sales,total,2 companies., thous. of dol. Montgomery Ward & Co do... Sears, Roebuck and Co do... EMPLOYMENT CONDITIONS AND WAOES Hours and earnings (U. S. Department of Labor): Average weekly hours per worker, all manufacturing..hours. Durable goods industri es. do... 0 Nondurable 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... Iron and steel and their products... .do... Electrical machinery —do... Machinery, except electrical do... Automobiles * °. .°do... Transportation equipment, except automobiles do... Nonferrous metals and products do... Lumber and timber basic products do... Furniture and finished lumber products do... Stone, clay, and glass products do... Nondurable goods industri es do... Textile-mill products and other fiber mfrs 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... Rubber products do... FINANCE Bonds: Average price of all listed bonds (N.T.S.B.) l/...dollars. Domestic do... Foreign . do... Talue, issues listed on Mew York Stock Exchange: Face value, all issues 1/ mil. of dol. Domestic do.. • Foreign do... Market value, all i ssues 1/ do... Domestic do... Foreign do... Stocks: Shares listed on New York Stock Exchange: Market value do.,. Number of shares listed millions. •MB 13 ?:$ CHBttCALS AND ALLIED PRODUCTS Alcohol, denatured: Production Consumption (withdrawals) Stocks thous. of wine gal. do... do... Alcohol, ethyl: Production thous. of proof gal. Stocks, total do... In industrial alcohol bonded warehouses do... In denaturing plants ...do... Withdrawn for denaturing do... Withdrawn tax-paid -.„ do... Oleomargarine: Production thous. of l b . Consumption (tax-paid withdrawals) do... FOODSTUFFS AND TOBACCO Fermented malt l i q u o r s : Production Tax-paid withdrawals S t o c k s , end of month Dairy p r o d u c t s , p r o d u c t i o n : B u t t e r , creamery ( f a c t o r y ) Cheese, total (factory) r/ Revised. p_/ Preliminary. t h o u s . of b b l . do... do... thous. of l b s . do... 7.066 8,7*8 rill.865 r95.6l0 1/ Includes bonds of the International Bank for Reconstruction and Development not shown separately. 7.307 6.501 9,250 124,190 111,010 MONTHLY BUSINESS E a r l i e r d a t a a r e a v a i l a b l e i n monthly issue® of t h e Survey and t h e 1947 Supplement JOQDSTOCTS AMD TOBACCO - S T A T I S T I C S — Continued ISkB 19^ January April February Continued Dairy products., p r o d u c t i o n - Continued Condensed m i l k ( s w e e t e n e d ) ! Bulk g o o d s . . . . . . . ......... . . t h o u s . of l b Case g o o d s . . . . . . . . . . . . . . . . « . . . • • . . . . . • • . . • • °do.., Evaporated milk (unsweetened), case g o o d ® . . . . . . . . . . . . d o . . •Brj m i l k : Dry whol© m i l k , .do.., Monfat d r y milk s o l i d ® (human food) do.. Meats, production* t o t a l . . . . n i l * of l b Beef and v e a l thou®, of l b Lsfflb and mutton do.. Pork, including l a r d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . Lard...............................................do.. C o f f e e , irlesibl® s u p p l y . . . . . . . . . . . . . . . . . . . . . . . t h o u s . of "bags Tobacco, m a n u f a c t u r e d p r o d u c t s , consumption ( w i t h d r a w a l s ) : Cigarettes, small, tax-free......................millions Cigarettes, small, t a x - p a i d . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . Cigars, tax-paid................................thousands Manufactured t o b a c c o and snuff 9 t a x - p a i d . . . . . t h o u s . of l b , 28,300 13,700 335. too 15,250 1.0,950 154,100 14,735 10,300 160,650 18,800 rl4?800 215,750 15,070 64,825 1,197 5?7'*3lH 47/601 C:\675 ?08.I65 or/p 11,400 5^,275 1,757 649 9 195 55*520 ,052,632 212,810 1,036 9,350 57,035 1,408 t 583,U86 47,548 777,258 156,573 929 11,150 76,930 1.519 6i% 5 174 I ^3.156 811,29^ 159,474 1,127 I 3,197 29,252 470,099 20 „222 2,422 31,bi8 ?,?08 27,967 21j821 18 »\4 2,570 25,024 410,170 17.1^8 3,16s! 31,448 I 457,149 j go 9 496 6,634 16 P 022 13976l 2,262 5,020 *.97b 17,125 15,172 1,953 ^.840 1,590 ;-,9^ 27 f S8? 4,022 79735 17,308 15,050 I 5,73? 6,992 24,981 21,811 3.170 5,223 13,867 71,262 19 f 699 65,676 10„632 SI.,260 8,239 90,152 7,127 [ IOO.759 5,485 3,069 4,794 38015 '2,4oU 7,179 1.823 9,226 l,Ul2| 11,896 9^,897 IS,, 219 66,399 79,942 21/745 ?5so6s 45*947 26,201 43,781 r47,722 P23,878 43,581 47,673j 25,895 47.112 ^.703 4,312 3.390 3,247 3.593 short tons .do.. ........do.. 387,672 380,732 88,701* 305,606 380,843 '93.1*67 3S5.961 375/667 64,bS5 372,^44 356»§63 SO,066 *U5.792 388,148 107,710 do.. .do.. ........do.. 338,337 68,179 342,572 72,535 69,199 332,671 75.626 75.096 308,753 68,621 69,235 366,8871 78,"22 I 77,404 274,453 75,735 6,47s 268*665 88,644 9,476 382,691 98,165 S,S62 391,580 92,609 9,780 392,601 82,3801 .do.. do.. .do.. 894,300 464, 700 S6l,2QQ 790,200 397.400 824,200 783,700 304,100 769,400 656,300 267,700 694,300 727,300| 272,000 731,800 thous. of bbl do.. .do.. do.. 14,502 13,957 20,886 6,072 16,041 19,047 17,880 5,930 15,261 8,756 17.591 5^75 13,751 9*13^ 22,206 6,752 1^.539 r 23,104 r7,764 8,977 io9399 6,724 S995l 7.383 7.876 7,302 6,203 9,459 6,503 5,971 9,689 7,224 6,881 9,760 23,079 21,711 11,690 492 11,007 133*7 23,044 21,695 n , 330 475 10,670 136,2 22,186 20,927 8,940 376 8,425 112.0 21,950 20,758 8,425 355 7,966 112.3 21,515 20,425 68.1 22.7 68. £ 21.275 11,400 270,800 12,200 52,650 1 ; 299 562 e S77 55,049 680,771 127,736 1,111 •» jl ,=0 0 MSXALS AND MAHWAGTUEES I r o n o r e (Lake S u p e r i o r d i s t r i c t ) ! Consumption by f u r n a c e ® . . . . . . . . . . . . . . . t h o u s . of l o n g t o n s Stocks,, end of month, t o t a l . . ..........do.. At f u r n a c e ® . . do.. On Lake Sri® d o e k e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . Pig iron, p r o d u c t i o n . . . . . . . . . . . . t h o u s . of s h o r t t o n s B o i l e r s , r a d i a t o r s , and c o r r e c t o r ® , c a s t i r o n s B o i l e r s ( r o u n d and s q u a r e ) s Shipments. t h o u s . of l b S t o c k s , 'end of m o n t h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . Hadiatian: S h i p m e n t ® . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t h o u s . of sq.. f t Stock©, end of m o n t h . . . . ............do.., Oil burnerss O r d e r s , u n f i l l e d , end of month. number Shipment® .do.. S t o c k s , end of m o n t h . . . . . . . . . . . . . . . . .do.. Punp®, steam, power, c e n t r i f u g a l and r o t a r y s Order©, n e w . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t h o u s . of d o l 2* 258 I 5*820 PAPER AND PRINTING H o w E p r i s t , Canada! Production Shipment© from m i l l s . S t o c k s , a t m i l l s , end of m o n t h . . . . . . . Newsprint, United States? Consumption by p u b l i s h e r s . Product ion Shipments from sills........ Stocks, end of month* At mills. At publl nher® In transit to publishers.......... Paperboards O r d e r s , new ..... Ord@r®s unfilled, end of month. Production.. do.. »do.., do.. 65.9^3 6,306 '•STONB, CLAJ, AHD GLASS PBODUCTS Portland cements Production Shipment® Stocks, f inished, end of month Stock®, clinker, end of month. Glass containers: Production......... Shipments. S t o c k s , end of month thous. of grog®, .do... do.. 15,439 TEXTILE PRODUCTS C o t t o n * m f r s . » s p i n d l e a c t i v i t y ( c o t t o n system s p i n d l e s ) s A c t i v e s p i n d l e s , l a s t working day, t o t a l thous Consuming 100 p e r c e n t c o t t o n .........do.. Spindl® h o u r s o p e r a t e d , a l l f i b e r s , t o t a l . . . . ' . . . m i l . of h r Average p e r s p i n d l ® i n p l a c e ....hours Consuming 100 p e r c e n t c o t t o n m i l . of h r O p e r a t i o n s a s p e r c e n t of c a p a c l t y Rayont Consumption! filament y a r n . . . . . . m i l . of l b , Staple f i b e r . . . . .do.., S t o c k s , p r o d u c e r s 8 , @nd of months filament yarn .........do.. Staple fiber do.. jr/ EOTi®@d. 2,/ ^ P r e l i m i n a r y . 9 .k 4.8 8,7 3=8 9,352 393 8,922 106.8 r57-8 15-2 6.2 20,3 9*7 r32.9 16.2