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SURVEY OF C U R R E N T BUSINESS W E E K L Y SUPPLEMENT UNITED STATES D E P A R T M E N T O F C O M M E R C E BUREAU OF FOREIGN AND DOMESTIC COMMERCE AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY Of CURREUT BUSINESS SELECTED JUNE 9, 1950 BUSINESS INDICATORS ELECTRIC POWER PRODUCTION BY UTILITIES STEEL INGOT PRODUCTION (1935-39-100) (BILLIONS OF KILOWATT-HOURS) WEEKLY OATA 1950 ?SJ?**£zKf\ t^zzsM**? JJUJLkJJLlJJuXXXJUJ, J U U O J UUJL±JJLU OJJ. SALES OF RETAIL STORES PERSONAL INCOME (BILLIONS OF DOLLARS, SEASONALLY ADJUSTED, AT ANNUAL RATES) (BILLIONS OF OQLLARS-SEASONALLV ADJUSTED) WEEKLY L i ' ,1 »JJU I J, M l I J J ! I l l I I, BUSINESS STATISTICS 1949 ITEM Commodity p r i c e s * w h o l e s a l e : A l l commodities :. . . . . .192^100, f arm product*. .... do... food .do.., All other . -do. . 28 commodities.2/.. ..Asagust 1939*100, H Cotton middling, 15/l6 , 10 markets 2l „ .dol. p&r lb. iAieat, Ho. 2, hard winter (Kansas Oity) . . . d o l . ppr bu £epar tiffed store s a l e s . . . . 193fr 39*100 Insured unemployment, total » thous. State programs * ••• do.. 1 Veteran® programs do.. financeJ Currency in circulation 2/ •••••- •*!• <** dol Federal Reserve bank credit, total do. • Member bank reserve balances. .do.. Excess reserves, estimated do.•, federal Reserve reporting member banks in leading eitie#s Bank debits, total. mil. of dol Hew York City «...do... Deposits, demand, adjusted . do.. Loans and investments, t o t a l .do. « U. S. Government obligations. .do.. Commercial, industrial, and agr. loans ( g r o s s ) . . . . . d o . . f a i l u r e s , industrial and commercial . .number Bond y i e l d s , domestic corporate (Moody's) 2/ ....percent Stock prices, 4l6 stocks (Standard and Poor's) 1935"39«100 Industrials, 365 stocks . :•. .do.• Production: Bituminous coal 3 / • thous. of short tons Electric power, by u t i l i t i e s .mil. of kw-hr Motor vehicles (Ward1 s) number Petroleum, crude 2l. thous. of bbl Steel 4/ 1939-39^100 freight carloadings, total thous. of cars Miscellaneous do.. 1/ Data do not always cover calendar weeks. 2/ Thursday pric e s . May 28 1950 June 4 156.O 172.8 165.I 146.5 241.8 .326 2.23 275 2,608 2,015 519 156.2 173.1 165.8 146.0 235.8 .325 1.99 27,*09 27,5p9 20,1^5 18,076 788 20,048 18,027 722 19,479 7,922 *6,383 62,281 3*.1*5 13,628 206 2*99 115.9 121.3 1.895 5,270 111,285 *,897 194-3 785 3*0 2,648 2,048 526 18,120 *5S 68.336 May 6 May 13 155.1 I62.9 158.7 147.2 259.0 .326 2.32 15**5 162.7 158.8 146.7 253.3 .326 2.32 301 1,892 1,792 39 27,074 18,192 15,986 75* 27,059 17*978 15.907 764 23,846 10,193 46,928 66,53* 35,916 13,420 199 2.85 144.7 153 •* 1,803 5,872 139,*92 4,988 214.0 744 356 a , 265 9.219 46,881 66,401 35,*?9 13.365 '217 2.85 145.3 15**3 1,662 5.86* 167,282 5.042 213.8 712 338 308 May 20 May 27 I55.9 164*7 160.5 147.5 259.8 .329 2.30 275 156.I 165.3 160.7 147.6 263.5 •333 2.26 26,987 18,001 16,123 26,948 17,683 15,922 633 June 3 156.8 167.5 161.5 147.6 266.8 .337 2.25 283 1,83* 1,737 37 883 22,856 *£,933 3**?3§ 66,689 13,*7? 36,251 165 13,377 3.00 199 113.1 2.86 118.1 147.1 1,868 156.3 5,018 1,602 91,955 5,845 4,889 167.OJ5 I89.6 5.042 699 216.3 302 7*3 2/ ^aily averages. 4 / Week ending June 10, 216^3. 357 22,528 9,23* *7,398 66,986 36,39* 13,359 214 2.86 148.4 157.9 1,700 5.89* 179,063 5.041 217.4 781 374 27,084 17,935 15,814 528 7,*21 l6S 2.86 148.8 158.4 139,061 ' 'a6*.7 MONTHLY BUSINESS Earlier data are available in monthly issues of the Survey and the 1949 Statistical Supplement STATISTICS 19U9 April 1950 May February March April GENERAL BUSINESS INDICATORS Personal income, seasonally adjusted, at annual rates: Total personal income M l . of dol. Wage and salary receipts, total do... Smployer disbursements, total. .do... Coamodity-prodaciag industries .do... Distributive industries .do... Service industries .do... Government ; .do... Less employee contributions for social insurance, .do... Other labor income. .do... Proprietors' and rental income do... Personal interest income and dividends do... Total transfer payments do... Total nonagricultural income do.. • farm income and marketings: Cash receipts from farming, including Government payments, total mil• of dol. Prom marketings and CCC loans, total do... Crops do... Livestock and products, total do... Dairy products do... Meat animals do... Poultry and eggs do... Indexes of cash receipts from marketings and CCC loans, unadjusted: All commodities 1935-39-100. Crops do... Livestock and products do... Indexes of volume of farm marketings, unadjusted: All commodities do... Crops do... Livestock and products do... 210.5 136.0 57 A 1*0.7 17.3 20.6 210.2 133-7 135.9 57.0 U0.9 17.4 20.6 2.1 2.1 2.2 2.1 U5.0 12.4 191.s 45.2 17.0 12.3 191.4 1.850 1.823 1.944 1.915 133.9 17.1 Crops Pood grain Peed grain and hay Tobacco Cotton Pruit Truck crops Oil-bearing crops Livestock and products Meat animals Dairy products Poultry and eggs Prices paid: i 1.674 1,642 478 1,164 315 639 200 pl.591* pi,108 P313 P579 p202 268 247 167 307 p232 P153 P293 pl04 P59 Pl39 56.5 39.9 17.8 21.6 2.7 2.2 44.1 17.6 22.1 202.7 ( 6l4 ,596 581 592 639 1.276 326 623 265 361 627 259 •a 275 209 325 288 224 337 240 111* 123 89 149 109 92 123 112 72 142 253 235 237 215 219 171 389 231 186 203 237 215 224 Hh 389 236 81 140 1910-14=100. 256 do... do... do... do... do... do... do... do... do... do... do... do... 23l* All commodities do... Commodities used in living do... Commodities used in production do... All commodities, interest, taxes, and wage rates do... Parity ratio (prices rec'd to prices paid by farmers)...do... 216.9 136.6 WO 59.U 40.5 17.8 21.6 2.7 2.4 42.8 18.1 17.0 201.8 1.231 COMMODITY PRICES Prices received and paid by farmers: Prices received, all farm products 222.7 rl34.S rl37-6 r58.2 r40.i 17.8 r21.5 2.8 2.4 ^3-5 I7.9 r24.1 r207.1 219.1 133.1 135.8 229 }^ S 251 225 196 256 276 32U 2U1 220 403 252 239 194 245 271 319 235 215 244 246 242 25k 101 244 245 242 253 100 1*03 574 156 228 257 306 250 155 237 23S 193 168 230 258 3O8 243 165 248 96 239 239 239 250 95 1.395 1,068 590 1,540 1.155 650 246 75 70 12 220 327 20 •8 24l 225 227 181 389 , 242 I 206 205 239 256 312 235 161 240 s? CONSTRUCTION AND SEAL ESTATE New construction, total mil. of dol. Private, total •.. .do... Residential (nonfarm) do... Nonresidential building, except farm and public utilities mil. of dol. Commercial do... Industrial do. •. Parm construction do... Public utility do... Public, total do Residential do... Military and naval do... Nonresidential building do... Conservation and development do... Highway do... All other do... Value of contracts awarded (Federal Reserve indexes): Total, unadjusted 1923-25.100., Residential, unadjusted do... Total, adjusted do..., Residential, adjusted do... 1.370 989 445 1.576 1,108 530 251 76 89 257 83 82 £' 40 281 140 56 100 69 468 15 9 141 67 loO 76 201 I65 177 141 218 187 181 159 228 232 263 260 10,814 3.31* 7.500 10,759 3.328 7,^31 11,101 3.7^2 7.359 381 1* 8 134 ! 9 *5 50 63 69 19 243 11 9 151 50 80 71 r279 r292 r275 r27S rl,702 I 1,254 720 244 I 74 70 260 r448 25 10 160 60 rll5 78 327 I 353 286 302 DOMESTIC TRADE All retail stores: Estimated sales (adjusted), total Durable-goods stores Nondurable-goods stores Digitized TJ for Revised, FRASER g/ Preliminary. mil. of dol., do..., do... rll,125 r3.734 r7.3Sl 11,072 3.676 7.396 MONTHLY BUSINESS Earlier data are available in monthly issues of the Survey and the 1949 S t a t i s t i c a l Supplement 3 S T A Tl S T I C S — Continued 19^9 April 1950 May February March April JSMPLOYMEMT Labor force (Bureau of the Census): Armed forces Civilian labor force . Jtarployment Agricultural Aionagricultural Unemployment thousands do.. do.. do.. do.. do. • 1.^92 60,835 57,819 7,820 49,999 3,016 1,469 61,983 58,694 8,97^ ^9,720 3,289 1,366 61,637 56,953 6,223 50,730 4,684 61.675 57-.-551 6.675 50,877 M23 1.330 62,183 58,668 7,195 51.^73 3.515 ^7,396 21,737 21,094 23,099 ^7,396 21,304 19,076 638 23,327 51.8 ^5,^83 20,092 19,704 23.116 ^5.^83 19,582 18,024 794 23,3^6 53.8 44,097 18,226 17,7^6 23.120 44,097 18,064 15.973 58? 22.Q74 56.3 ^3.568 18,070 17,592 23,020 43,568 17.796 15.657 507 22,911 56.6 ^3.895 18,301 17,796 ^3,035 ^3.895 18,083 15,878 r676 22,880 56.2 251.53$ 217,676 31.833 2,021 . 24,332 27,417 251.S89 217,975 31.914 2,000 23 24,342 27.507 256,368 221,535 32.8J1 1.962 27 24,345 27,068 255,724 221,408 32,098 2,218 24 24,246 27,042 255.718 221,714 31,802 2,202 22 24,2li7 27,048 56,589 5L323 50,589 36.567 16,809 14,761 8.594 2,855 8,309 695 9.^29 886 8,544 1,841 995 rl,064 56,872 51,498 50,833 36,578 16,591 14,542 8,686 2.853 8.447 731 9.557 903 8,655 1.853 1.007 1,106 60,080 5^,252 53,^5 37,588 15.853 13.716 9,473 2.877 9.386 704 10,831 1,006 9.824 1.952 1,124 1,246 60,382 5*1.592 53.697 37,687 15,834 13,684 9,503 2,878 9,472 687 11,016 1,020 9,996 1,963 1.13U 1,210 60,660 do... do.., do.., do... do... do... do... r467-l r67-2 r210.6 6, r6o r52 rl9 r39 rlO.8 rl88.2 r26.3 r98.6 1.6 .4 r38.2 rl2.5 r7.4 r3«2 213.2 37.1 103-2 1-5 •5 40.6 11.4 16.7 2.2 818.4 54.6 509.9 69.5 28.0 52.6 *-3 48.1 21.4 483.2 78.4 216.0 5.6 63.O 49.3 19.4 41.8 9.7 thous. of lb. do... 270,742 408,634 272,192 368,929 288,055 344,466 r317,26s 350,904 287,916 375.920 do... do. 46,852 110,882 ^9,170 113,706 48,962 111,321 r53.289 rll3,951 50,510 123,683 do... do... 1,063 80,946 78,176 493 87,502 524 r90,827 481 82,478 do... do... do... r380,889 736,192 462,082 374,287 735,300 376,035 470,789 1,073,460 ^03,714 r478,095 rl,068,505 r398.450 422,601 1.086,338 409,723 do... do... 119.975 236,197 115,419 227,587 174,054 273,525 160,817 271,007 113.725 272,336 do... do... 43,510 310,827 ^5,^97 321,765 53,^69 531.932 50,939 r548,907 47,154 564,035 do... 156,088 127,425 105,365 112,523 154.183 118,045 88,6-31 102,045 153,046 118,749 78,911 66,791 117,518 146,063 87,228 64,118 170,251 13L913 101,386 71.651 FINANCE Federal 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.. Deposits, total do.. Member bank reserve balances do.. Excess reserves (estimated) do.. Federal Reserve notes in circulation do.. Reserve ratio percent Federal Government .finance: Debt, gross, end of month: mil. of dol Interest bearing: Public issues , do.., Special issues do.. Noninterest bearing do.. Obligations guaranteed by U. S., amount outstanding...do.. Gold, monetary stock, United States do.., Currency in circulation do.. Life insurance, assets, admitted: All companies (Institute of Life Insurance), estimated total mil. of dol Securities and mortgages do.. 1+9 companies (Life Insurance Assn. of America),total..do.., Bonds and stocks, book value, total do.., Government (domestic and foreign), total do.. U. S. Government do.. Public utility do.. Railroad do.. Other do.., Cash do.. Mortgage loans, total do.. Farm do.., Other do.., Policy loans and premium notes do.., Real estate holdings do.., Other admitted assets do.., Stocks: Cash dividend payments publicly reported, total do.., Finance do.., Manufacturing Mining Communication Heat, l i g h t , and power Railroad Trade Miscellaneous CHEMICALS AND ALUM) PRODUCTS Fat8, o i l s , and byproducts: Animal f a t s : Production Stocks, end of month Greases: Production Stocks, end of month Fish o i l s : Production Stocks, end of month Vegetable oils: Production, crude Stocks, end of month: Crude Refined Cottonseed o i l , refined: Production Stocks, end of month Linseed o i l : Production Stocks, end of month Soybean o i l : Production: Crude Refined Stocks, end of month: Crude Refined Digitized for r/ FRASER Revised. £ / Preliminary. !do.!! .do... do!.! 23 1 1 1 j i ; ; i ; ! I ! i 1 1 | [ ; 5M39 53.936 37,716 15.790 13,640 9.55} 2,qo6 9,468 6S9 11,18] 1,036 10,144 1.972 1.1^4 1.231* 4 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 i s s u e s of t h e Survey and the 1949 S t a t i s t i c a l Supplement ST A T 1ST IC S —Continued 19^9 March 1950 April January February March 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 do... Industrial establishments... 24,721 27,745 23,215 4,530 31.677 26,871 4,805 28,789 24,270 ^.519 31,864 26,957 4,867 7,761 7,084 6,70s 7,2^6,507 9,248 6,146 5.597 8.775 5,842 5,523 8,849 7.55^ 5,938 10,073 20,232 9.33* 661,72s 14,462 4,720 5S6,592 10,202 9,207 16,922 7,755 668,421 11,536 3,884 593.094 8,306 7,3^5 134,615 111.165 22,910 12,000 266,250 16,577 7,209 6so,89S 11,069 4,684 615,384 6,622 5,870 14,137 6,295 684,576 10,115 4,04 3 620,133 6,092 5,458 101,515 77,365 14,700 4,450 168,750 97.875 75.685 13,200 5.900 183,000 15,994 9,215 686,640 11,045 „ 5.558 624,182 9.377 8,357 1121,970 1-97,135 16,550 6,500 241,000 12,275 92,350 906 9.091 64,850 868 8,135 65,500 92s 11,425 85,100 949 2,387 2,463 601 1,862 2,865 689 2,176 6,976 2.390 4,586 3.091 669 2,422 3.3^3 2,604 6,277 1,960 *.317 5,948 20,865 16,829 n i l . of kw-hr. Utilities « * «, .do... Fermented malt liquors? Production. „.,...<, ....... thous..1 of bbl. Tax-paid withdrawals . do... Stocks, end of month «. do... Distilled s p i r i t s : Production .. *... »thous. of tax gal. Tax-paid withdrawals...... . do... Stocks, end of month. .. do.-. Whisky! Production do... Tax-paid w i t h d r a w a l s . . . . . . . . . . do... Stocks, end of month « do.. . Rectified d i s t i l l e d spirits,prod. B total. ..thous.of proof g a l . Whisky « do... Dairy products, productions Butter, creamery (factory) Cheese, total (factory)...» . .Condensed milk (sweetened) s Bulk goods. Case goods thous. of lb. ». .do.., ... do... do... XX2.525 94,37!? 15 Aty do... do... thous. of bags. 14,100 215,750 11,150 SO,000 1,127 Lumber (National Lumber Manufacturers Association)! Production, total ... mil* of bd. ft. Hardwoods . do... Softwoods ........,..........<. ... .do... Shipments, t o t a l « do... Hardwoods do... Softwoods do... S t o c k s , gro s s e end o f month, t o t a l . . . . . . c do... Hardwoods... 5 ..do... Softwoods do... 2.S19 59* 2,22s 2,747 527 2,220 7,181 2,189 4,992 2,822 454 2,36s 2,S42 493 T.lfel 2,150 5,011 1,754 2,633 697 1.936 7.028 2,478 ^,550 7,735 17,308 15,090 2,258 7,322 17,803 15.770 2,033 6,740 329004 26,710 5.294 5,329 26,745 22,103 4,642 1,181,461 139,51k 465,55s 173,759 59,534 45,120 165,152 74,566 109,010 9,709 8,770 29,644 15,259 1,771 33,984 1,088,542 131,186 422,223 160,266 57.025 42,179 154,439 71.989 108,503 10,470 8,206 26,937 17.203 I.U56 34,044 59,992 108,769 56.5*0 104,477 60,859 101,691 27,808 33,966 92,284 29,336 31,860 8S,3S1 33.003 '37.647 rS6,924 17,682 17,779 22,977 7,560 15,174 9,593 20,267 6,066 13.070 9,775 23,579 7,372 14,238 14,613 23,^5 r8,7^7 7.035 6,869 9.763 7,952 7.379 9,352 7,290 6,748 9,595 8,204 8,129 9.454 Evaporated milk (unsweetened), case goods Dry milks Dry whole milk * Nonfat dry milk solids (human food) Coffee, visible supply LUMBER AND MANUFACTURES do... METALS AND MANUFACTURES Iron ore (Lake Superior d i s t r i c t ) : Consumption by furnaces thous. of long tons. Stocks, end of month, t o t a l . d©.,. At furnaces - -do.., On Lake Erie docks do •.. PULP, PAPER, AND PRINTING Wood pulps Production, total, all grades Bleached sulphate Unbleached sulphate.... Bleached sulphite . Unbleached sulphite Soda Groundwood.» , Defibrated, exploded, etc Stocks, end of month, total, all grades... Bleached sulphate. Unbleached sulphate Bleached sulphite. Unbleached sulphite. Soda Groundwood short tons. do... .do... do... do... do... .do... do.., ..do... do... do... do... do... do... do... 1,057,451 120,949 381.575 164,235 67,140 43,891 iso,197 139,626 12,819 17,982 3^,653 22,477 3.388 38,6l6 r946,768 112,324 3^o 744 156,712 r57,483 39,^05 i 165,322 1 32.376 rl5l,96o 12,866 17.003 40,803 r23,674 3,^3 44,171 long tons. do.., 53,108 117,664 47.859 112,916 do.., do.., do... 36,063 39.041 116,843 35.^5 1 36,529 | 114,9**4 1 thous. of bbl. do..« do.., do... 15,439 1^,539 23,104 7,764 7,288 6,929 9,801 M35 rl, 146,'640 r453,072 rlS3,l46 r64,60l 46,096 174,005 76,188 rt.07.733 9,926 r8,463 r25,80S rlS,6l5 1,414 33.885 RUBBER AND HJBBER PRODUCTS Natural rubber: Consumption Stocks, end of month Synthetic rubber: Production Consumption Stocks, end of month< STONE, CLAY, AND GLASS PRODUCTS Portland cement: Production Shipments Stocks, finished, end of month. Stocks, clinker, end of month Glass containers? Production Shipments * Stocks, end of month Digitized r/ for Revised. FRASER thous. of gross. 9....do.., do..,