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SURVEY OF C U R R E N T B U S I N E S S WEEKLY SUPPLEMENT " W I T E D STATES DEPARTMENT OF COMMERCE I BUREAU OP FOREIGN A N D DOMESTIC r,OBY36fcERG£ AVA_i_LABLE ONLY W<Tri SUBSCRIPTION TO SURVEY OF CURRENT RUSiUFSS SELECTED JUNE 4S 1948 R U % t H I? 5 % r i? £ i C k f r> R S STEEL INGOT PRODUCTION (1935 ELCvTRIC POWER PRODUCTION BY UTILITIES (Bl1.UONS OF KILOWATT HOURS} 39 - 100) 250[ 200 INDUSTRIAL PRODUCTION HOURLY EARNINGS kHD HOURS IN MANUFACTURING (SEASONALLY ADJUSTED, .1935-39 • 100} 4oor 325 1945 1345 WEEKLY 1946 STATISTICS1 BUSINESS 19^7 Msy 24 Commodity prlc@^ e wholesales All commoditi e s . . . • . . * . . . . . . . Jfarm products« Jfood* . . . . . . . . . . . . . . < » « . . . . . 1 .1926^100, ... ..dO... A l l Othm » =• o - . = c c; . . * o . •, . * .....do... 28 commodities 2 / . . . . . . . . . . . 1939-100.. Cotton, middling, 15/16", 10 e £/.. ••...».,dol. -D@r lb. Wheat, Ho.-2, Hard Winter C City) »£/... i....dol. per bu„ Department sstor@ s a l e s * . . . . . . . ...... ...-.....• .1935-39-100. Insured unemployment, t o t a l j | / • • * . . . ...................... thou®. Stat© program®».»«*»«.. .* /»'* , „ „ . . . 89 ,.,«.do.,. Veterans* 'Qi'Ogrsznse = •-• * = *«,«; -. -.„ w »«., I* inane ex Currency in circulation ^/••••••• • •mil* of dol* fe&eral Reserve bank credit, total »*...*» edOs a . Member bank reserve balances*.•... ........do... Excess reserves, estimated. .do. federal Reserve reporting member banks in leading cities? §J Bank debits, total....... '.. M l , of dol.. lu'ew York C i t y . . . . . ......do..., Deposits, demand, a d j u s t e d . . . . . . . . . . . . ......;:'"..do"... Loans and investments, t o t a l . . . . ...do... U. S. Government o b l i g a t i o n s ^ * . . . . . . . . . . . . . . . . . . . . . . d o . . . Commercial, i n d u s t r i a l and a g r i c u l t u r a l l o a n s • • . . . » . d o . . . . failure®, commercial . e nuraber .. Bond, y i ©Ids» domestic corporate (Moody1 s ) . . . . . . . . . . - p e r c e n t . * Stock p r i c e s , 402 stocks (Standard and P o o r 8 s ) . * . 1935~39=slOO. I n d u s t r i a l s , 354 s t o c k s . . . . . . . . ...do.... Productions Bituminous coal J ^ . . . .thous. ©f short tons ., E l e c t r i c power, by u t i l i t i e s . . . . . . . . . . . . . m i l . of kw»hr*. Motor vehicle® (Wards) 2 / . . . . . . . . . . . ' . . . . . . . . . . . . . . . ...number.. Petroleum Uy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t h o u s * of b s l .. Steel S/.........................................1935-39.100*. freight carloadings, total**..•*............... thou®, of ears.. Miscellaneous**...................*..................#..do..•. 146*9 17?.2 160.3 132,2 296*3 .361 2*69 2?T 1,842 1,120 £fflL 28,114 22,071 15*942 752 11,123 6,702 46,061 63*053 39,226 11.357 102 194 a May 31 147*4 1?S .4 161.6 132-3 297 A °359 8 # 1,891 l,l6l 690 28.194 22,019 15,705 113*2 117*0 17*515 6,985 46,314 63*239 39 • 220 11,792 72 2*80 115.6 119.1* 2,137 4,663 96,651 5,025 188.4 8913S6 2,209 4,429 79,315 5,024 18 7*0 830 361 2.80 May 1 May 8 162.6 186*9 i?7«5 X4s*7 317»? .376 2.39 301 l , 6lS i 6 099 46.3 27,704 20,952 17,043 161,9 184*0 174*8 148.9 320a 20,54? 8,545 46,671 62,940 35.^75 14,159 106 3.04 126*1 132.4 2 e 312 5,042 102,967 5^13 17^9 S92 3S4 1,/ Data do not &Xws^i§ cover e&l&n&ar weeks, gj Thursday price©* j / Bally averages. 4 / Bate hard win t a r m% included ps£@^iou©l|'« %! For dsicripticm @m aot® in July 13„ I$46 i@m®e 6 / Supplement for July I S , 1947. Jj B&,ta sac© for .U. S. m,& Canada and include'passenger cars,"'ci June* 5, 193«S* «369 2.42 330 1,584' 1,098 442 15 163*5 187*9 178 *9 149*0 322*0 •379 2*42 293 1.53s* 1*073" 417 • 27,785 20,856 27,764 21,038 -Sg •93* &.075 8,710 H69529 63,132 3L5.6HO 14,205 108 3*04 125.8 132.2 2 9 123 5,087 84,684 17 5M$ 183*7 881 390 22 163*5 189 • 2 •177*2 149*2 324*4 •3792«39 295 Hey 29 324.0 .376 • 2.36 20,674 16,506 33^ 27.752 21,201 16,901 713 19,975 8,290 W.373 63,174 35.U99 14,255 100 3»03 128.4 134*9 22,530 9".171 46 ,440 8,821 2,208 5,109 ^3,275 5M3 190.4 847 366 2,278 5 9 085 91.13* 5,^3? 192.6 879 63,456 35.866 14,208 92 3*01 132.3 139.0 141.7 92,105 " 195-5 379 ^@#e m&i®^ Jmly 12, 1947 include dark, ©^ a revised' "fegi© b@ginni^i in ©©*©, enA track©• &/ W@®k ending MONTHLY 2 BUSINESS STATISTICS 1948 19*7 IJarlier data are available in monthly issues of the Survey and the 1942 Supplement March April January February March GENERAL BUSINESS INDICATORS Industrial production (Federal Beserve)* Unadjusted, combined index .1935-39*100. Manufactures* • «» &°° » • • Durable manufactures. do..., Iron and. steel ... ..do... Lumber and products — .........do... Ifurnitare .do.... Lumber... ;.. do..., Machinery........... r . ..do..., Nonferrous metals and products ..do... Smelting and refining.*.. do... Stone* clay, and glass products*. ..(....., .do.... Glay products.... • ..do... T r a n s p o r t a t i o n equipment do..., Automobiles '. do... Nondurable manuf a c t u r e s .do... Chemicals ..do... Industrial chemicals » do... Leather and pr oducta . *. • do... Leather tanning.............................. .do.... Shoes.. .do... Manufactured food products. .do..., Meat packing do... Processed fruits and vegetables do... Printing and publishing .do... Rubber products. .do... (Textiles and products .do... Cotton consumption • ..do... Rayon deliveries... .do..., wool t e x t i l e product ion do... Minerals. do... Juels.c do... Anthracite do... Bituminous coal do... Crude petroleum do... Metal s do... Adjusted, combined index 3./ do... Manufactures do... Durable manufactures.. do... Lumber and products do... Lumber . do... Nonferrous metals and products do..., Smelting and refining do... Stone, clay, and glasa 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 do... Metals do... Farm .marketings, indexes of volume: Total, unadjusted. do... Crops do... livestock and products do... 187 195 22** 196 140 166 126 281 202 196 209 159 239 197 171 25U U3I 121 121 121 140 138 S3 145 239 172 160 270 172 l43 153 113 I63 153 S3 190 198 225 11*7 13s 202 195 218 I65 175 251 122 122 157 li*9 151 142 148 117 I85 193 222 195 143 161 134 276 197 203 208 160 237 193 169 253 122 101 138 116 so 143 40.4 40.7 40.1 47.69 50.30 44.89 1.180 I.236 I.269 1.212 1.298 1.396 I.362 1.226 .983 1.031 1.144 1.119 1.024 1.045 1.028 40.0 40.7 39.6 47.50 50.34 44.40 1.186 1.243 1.280 1.2X0 1.308 1.406 I.363 1.234 ,990 I.O32 1.149 1.122 1.027 •999 1.029 *33 115 11s 144 139 88 144 234 166 154 270 159 139 144 102 127 155 112 I87 194 222 144 135 197 203 211 164 172 251 116 119 15s 150 145 141 143 136 189 197 226 203 138 180 117 287 194 187 187 166 244 206 173 253 437 120 U7 123 146 175 91 144 223 178 153 300 181 149 190 197 224 203 137 178 116 285 198 189 i6o 112 161 I65 82 193 200 229 I56 1^3 194 187 199 179 17s 255 120 116 157 150 139 148 154 117 1?3 160 231 192 175 252 434 126 125 127 144 i4a. 90 156 214 179 153 295 185 149 161 118 155 I67 83 194 201 226 150 135 198 IS9 207 168 180 251 123 116 159 147 142 157 155 121 134 130 136 109 102 114 188 £/l97 Ju/22? 207 £/l*3 177 1/125 £/283 200 r/192 r/200 r/169 ~ 242 r/203 1/173 1/251r/432 S/115 102 1/123 I/1M 121 £ / 85 S/153 207 175 147 302 178 £/l?7 r/l4b ~* 108 97 r/169 82 192 r/200 "" 229 r/151 1/137 200 r/192 r/210 1/176 2/177 r/249 1/115 102 159 131 r/155 r/150 r/142 ~ 118 111 86 129 .EMPLOYMENT CONDITIONS AND WAGES Hours and earnings to. s. Department of Labor): Average weekly hours pet worker, all manufacturing...hours Durable goods industries do.. Nondurable goods industries... .V............ .do.. Average weekly earnings, all manufacturing ....dollars.J 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 industries do.. Textile-mill products and other fiber mfrs do.. Apparel and other finished textile products. do.. Leather and leather products .do.. r / Revised. p_/ P r e l i m i n a r y . 40.5 r/40.9 40.0 r/52.07 r/55-46 r/48.45 X/1.285 r/1.355 1.414 1-352 r/l.415 r/1.538 1.479 £/l-336 1.050 1.122 r/40.1 ~ 40.5 39-S r/5L79 r/54.89 r/48.54 r/l.290 r/40.3 r/40.8 " 39.S r/52.07 r/55-36 r/48.58 1/1-291 i/l-356 r/l-357 1.409 1.413 r/l.348 1-351 r/l.4l7 1.422 r/l.549 1.537 r/l.4S3 1.472 £ A-338 1.344 1.080 1.070 r/1.127 1.127 s7l»254 lA.253 1-259 1.210 r/1.219 r/1.219 1.115 ~ 1.138 ~ 1.140 ryi.098 I.O94 1.091 1.102 1.095 lil07 1/ Indexes for which seasonal f a c t o r s have been fixed a t 100 a r e not shown; see u n a d j u s t e d ' s e r i e s . MONTHLY BUSINESS 3 S T A T I S T I C S — Continued 19U7 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 m o n t h l y i s s u e s of t h e S u r v e y and t h e 1942 S u p p l e m e n t March 19^8 April January iFebru&ry March EMPLOYMENT CGNDITIGHS AKD WAGES - Continued Hours and earnings (U. S. Department of Labor) - Continued. Average hourly earnings? all manufacturing - Continued. Nondurable goods Industrie® - Continued. Food and kindred products dollars. Tobacco manufactures. do... Paper and allied products do... Printing, publishing, and allied industries-.... .»doc-.. Chemicals and allied products. .do... Products of petroleum and coal do... Bobber products..« • * do... 1.08S •939 1.109 l.Wf3 1.177 1.408 1-330 I.097 •9*9 1.121 1.462 1.192 1.418 1.397 1/1.177 .984 1/1-235 1.579 1.311 r/1.586 " 1.444 •r/1.181 .967 r/1.245 r/l.606 1.317 1.582 r/1.421 1.18J, .975 1.249 1.624 1.316 1.588 1.402 67.531 69,013 9M36 98,892 13^.381 60,126 84,508 67,055 95*180 64,432 89,024 93.971 128,055 56,161 79,154 62,799 89311 927,888 37,227 980,490 45,141 923,580 40,123 777*475 3^336 897*225 41,44j 770,103 25,302 826,454 32,3^3 784,851 28,696 658,857 24,704 759,302 29*774 221,840 286,602 230,470339,877 302,208 350,058 258,924 369,460 r/222,845 1/369*989 U4,586 6^,305 ^6,735 69,983 52,331 119.272 46,815 122,608 ^5*153 129,645 777 79,211 66,335 1,024 85.778 697 69,069 766 r/61,021 382,293 355*646 512,932 441,361 ' r/407,817 551.56s 311,225 551,181 353.193 539.016 24/7,168 597,990 264,321 £/591*745 r/304,781 80,781 191.688 74,345 211,855 140,848 152,706 124, 877 158,523 31s401 125,060 28,S50 131,769 57,465 135.394 51,663 -.141,504 U6,264 135,741 145,013 121,389 94,053 73,993 141,456 115.877 89,302 91.327 152,966 110,912 86,703 63.850 139,900 99,320 104,788 7l,56l £/l39,370 108,829 r/ll4,745 7/ 84,848 66,667 70,012 39*3^7 46,757 87,252 87*93*+ 72,986 80,418 74,314 ..^ 71**17 25,544 21,246 4,298 24,652 20,504 4,148 28,443 23,958 4,1 *^5 §6,46s 22,194 4,271 27*966 23,^78 4,488 6,836 6,277 9,326 7.435 7.029 9,399 6,392 5*952 9*167 6,258 5*^75 9.670 §•989 6,701 9,634 32,747 9,806 491,965 27*568 8,647 506,015 9*489 8,080 5-13*898 21,884 8,937 523,5^6 32,809 6,660 5^5,365 19,272 4,559 437,614 17,201 4,442 449,335 4,702 4,050 455,409 13*768 4,177 462,090 20,635 3*575 479,241 10,648 9,621 9.3^9 8.673 8,939 8,217 9*307 8,655 8,U23 7,664 7INANCS Security markets, sales (Securities and Exchange Commission): Ponds! Total on all registered exchange®J Market valu®. thous* of dol. S'aee value .....do... On New York Stock Exchange* Market value .. . c do.«. face value. .do•.. Stocks^ Total on all registered exchanges» Market value, .do... Shares sold thousands ... On New York Stock Exchanger Market value thous. of dol. Shares sold .. .thousands.... 89,603 63,196 81,508 CHEMICALS AND ALLIED PRODUCTS O i l s , f a t s , and by-products« Animal, i n c l u d i n g f i s h o i l : Animal f a t s : Production. t h o u s . of l b . S t o c k s , end of month . ..do... Greasess Production.. ..do... Stockn, end of month... ...do... Pish oils: Production .do«.. Stocks, end of month...... ...................do... Vegetable oils, total: Production, crude doow. Stocks, end of month: Crude • ^ do.... Refined. „... -do... Cottonseed oil, refined: Production ..do... Stocks, end of month,,....... ..do.'.. Linseed oil: Production „ ..do... Stocks, end of month .do... Soybean oil: Production: Crude. ..do.., Eefined.. do... Stocks, end of month: Crude.. do... Refined i do... Oleomargarine: Consumption ( t a x - p a i d w i t h d r a w a l s ) do... Production do... 123,628 182,206 ELECTRIC POWER E l e c t r i c power, p r o d u c t i o n , t o t a l . m i l . o f kw. h r . Utilities .do... I n d u s t r i a l e s t a b l i s h m e n t 3 c . e . * . . . . . . . . . 0 „ e . . e „ , . = . . „ . . d o . *. ffOODSTUEFS AND TOBACCO fermented malt l i q u o r s : Production t h o u s . of b b l . Tax-paid withdrawals do... S t o c k s , e n d of month .do... Distilled spirits: Production t h o u s » o f t a x gal. . Tax-paid withdrawals ..do... S t o c k s , end o f m o n t h . . . » ....do... UJhisky: Production .do.. • Tax-paid withdrawals .do... S t o c k s , end o f m o n t h . .. ..do... R e c t i f i e d d i s t i l l e d s p i r i t s , production., t o t a l t h o u s . of p r o o f g a l . Whisky...... * .....do... vj Revised. 4 MONTHLY BUSINESS l@s?li©r d a t e , ar© a m i l & b l ® i n m o n t h l y iggsme® of t h e and til® 1942 S u p p l e m e n t S T A T I S T I C S ™ Continued 1948 1947 Surrey Marsh April 'January February March i r/ll7.US3 »/ll5 8 709 9,080 5,140' 77 ,095 64 630 14,720 . S.575 176,000 38,570 37,700 1 9 762 698,314' 60,107 ,003,276 188,171 1,144 1^,530 8,800 193,000 40,425 39,650 1,323 5^1 , 914 55,859 724,834 141,384 1,183 17.575 10,275 270^400' 53,9^0 52,750 1,299 563923g 55,049 680,771 127,736 IS f^-5 83.195 119S50 320,500 77,390 75tQUO l 6 i|-3S 679,333 60,737 697,123 128,445 1,357 2.SO5 27.^93 416^270 19,716 3*213 27,27S 461 s> 39S 19,587 3f.57g 23.349 466,141 18,071 3,197 29 9 154 470,099 20,. 222 /53,ir2 6P6,OI? f$5 Hio 7is ''0' :/69k,795 i'/09,036' y/792.292 r/7S2,492 r/775.169 112.679 I G ; 304 J08.S/0 5?,915 £j S96977 «/ Qf f 654 vj 90 009 B P*->•»)*) i * 100 * *> 5^»&5^ ls« \ f Oudo . .o o Cg«f r Oi 1 Svajiw %i M it ^ ^>A aid D r i e d air * m i . ^ , ni.u 5o? IAUL* "* c .Jo <• np s •» ^ o 6 nit trous 263 000 89 355 d,Ooe . d^. c£ l b o*" "b girt s do A-333 6S2 ^65 57 0 64S 65^0-86 123*637 i, id •Co? J-J i o I i-p ft WsP"* * «aL> < ^ ^ - ~m Pax.* * s w >wiad„it i ^B^r^rai 0 < P I } HID p ?95 o du c 3 ^>3 26,336 «dOoo lid J - dc do L^ tpS2 5 A*" Stotkc Printing e^o l.lll JtriUO )n J iig •$.«» o<di, n^m-pgitj* t* d p«.<g arbors*! ace* <?:> I ?i*lp ! s j o e i a , t i o i i ) » hoi b uCn^ do 720 :p^ pi c Oldf=T"- r/«9.990 r/SO,6i5 >* J o ^ t , i 113 sos 106 km ^,5«aS ^'41 10i,2f.r 7x7 49,9*u ?/->r^572 : r / ! 0 7 .,445 9726 r/104,180 £ / 55,185 5 pai)" ! * 71/13° d -* 'sfejpxn A <? Mcotr en a or ITMIIL, Gcwww w p e r s 1 / Ofde-s fSrf.It.e Production* ». .=,..„ *3hlpmfonc<3e«. - o « . •sc^ckip, -ncl c f n i n t h « PA PBSEQLMJM AW .do* -do. . »do ..do o , . do . . . r/278,863 r/26 7,866 7/264,189 r / 68,080 232*39? 231.639 53.035 265j8f 262,416 63*276 ^241,272 r/2l|2 5 667 £/2^5.7^1 £ / 62,595 r/268,242 r/268,587 r/a66,623 1 / 52,810 150,120 152,160 l 4 l 0 210 149,228 165.7S6 163,781 156,014 155,224 167,007 167,593 228,9«1 5,999 235,710 5.953 S23 9 4"50 412 224,880 6,539 227 s 408 6,756 25.577 37.876 22^925 34,438 33,539 39,606 32,688 37,5^2 32 9 p48' 4o,523 31,^23 37^03 30,26 s 36,455 41,036 44,636 34,590 % 9 156 32 g 2l4 4l@9% s 8 oi5 4,267 7,936 4,287 2/7.89'2 4,132 2/7.829 4,4o4 1/7,961 66,701 59.069 11,033 63,374 55,502 10,803 S ,744 72,025 63,608 12,296 96,952 8,727 5,265 '92,719 9.ooi 5,6o5 93^290 s g S77 4,323 103,398 1^,205 129133 22,178 5,996 14,566 I5»4l4 21,331 6,33® 14,541 9.; 15,3; 4, 299 " 13,347 8,338' 20„340 5,196 14,502 13,957 r/20,886 6e072' 10,582 10,358 8,015 5.1^1 22,605 9963? 5.^75 a , 419 79oo6 (.320 6,886 6,488 21,751 if 8,977 5/10.39? S/ 6.72U 23^572 ?r.L,9«>r. OC»S/4J» npaP359 2^5,963 2^3 0 770 55,030 COAL PBODUCTS Crude p e t r o l e u m s Consumption ( r u n s t o s t i l l s ) » * * . c . » . u . . . . BOO s . tiiou©* of b b l . Product ion ,....<,•,«' „.6...M.dc.,, Stock®, end o f month.* B e f i n a b l e i n U. S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . . Heafy i n C a l i f o r n i a . , . . . . . , ' .........MCIO... Eefiaed petroleum productss (^as BBd f u e l o i l s ? Production* ..Gm-© o i l and d i s t i l l a , t s fu@l o i l . . « , » . , . . , » . « . .do... R©iidual fuel o i l * . . . . . , . do... 9 t o s k s 6 t n d o f montiis Cte.8 o i l and d l a t i l l a t e f u e l o i l . . . • » . . . . . . . . . . . . . „ . d o . 0 . H e a i a u a i fuel, o i l . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . «do • . . Lubricant*'! Product ion do.,.' S t o c k s 8 r o f i n e r j g s a d of m o n t l i . . . . . . . . . . . . . . . . ; . . . . . d o . „ . Motor f u e l s Productionj, total................................. 9e»do«.a. &a@olin® #md naphtha from crude pe trol@um^«<,.,«, os *d©»e. Natural gasoline and allied products...............do.«. Stosks9 gaaolin©, end'of months Finianed gasoline* •.. 0&...........................,.do... Unfinished gasoline.......................,...'... =40^,.. Natural gaaolin®.. ..„................................do... 3T0SB, CLAT MD bb»07£ "/250J37 j/?5US9S 11 67,470 ^ 3 25. >J5 53, •t)7 812 12,047 8.55J 49so6 GLiSS PBODUOTS Portland aements Production.•...................... Shipment® •. *. *............. ^....... . . . t h o u § . of bbl«, . . . . . . . . . . K 9 . d o * .0 S t o c k s , f ini»b,©d 9 e i d . of jsonth®.«•» .Stocks^ c l i n k e r , ©33d'of m o n t h . * . . . &las@ c o n t a i n e r s ! P r o d u c t i o n « . . . . . . i . , . , . .r ..<,». w ., Shipments....*....^.... ........... S t o c k s , oad of wionth - . « . » . . . . . . . . . P l e b e g 3 a o s s polirho<t s products o&«.. ,,thouo* of g r o s s * .............do.«o .............do... t t h o u e . of mi* tt*. ..........,»do»8. M jH s : 8,380 21.958 £ / Eovi,%»wl 1 / Eoyr^acwuti' tAft fjfex iuH ifor'^eA^ sht>" i s t ^t&,ppi«f pap©t j t*T i,wd in o c b ^ % „',» ( 4 S , " v l y a l ^ H l 41f2t^i>»«*ov' 3 ' f i a s c o ',n Oaii^^yaiBii ^ ^ " p s ^ a b i e f i g u r e f o r Pecesbcrr 31 p 19 } !7, / , 7 0 1 ^ 0 0 0 b a r r e l i » « iir»^^„ £ / Hei# bi&ig ^teluding
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