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March 25, 1955 STATISTICS BUSINESS A WEEKLY SUPPLEMENT TO THE SURVEY OF CURRENT BUSINESS Available only with subscription to the SURVEY OF CURRENT BUSINESS, at $3.25 annually, this Supplement provides selected weekly and monthly data subsequent to those published in the latest monthly SURVEY SELECTED BUSINESS INDICATORS INDEX, 1947-49 = 100 INDEX, 1947-49= 100 175 "1 175 Monthly STEEL PRODUCTION (ingots and steel for castings) 150 - - 150 125 - 125 i \\ 1 1 100 / 100 22 9 75 ^ 1 1 1 1l 1 1 1 | I • i . . i 1952 I . . . . i i i i . 1953 . i . . i . . 1954 . • . . . 1 1955 J F M A M J J A S O N D THOUSANDS THOUSANDS 250 1,000 PASSENGER CAR AND TRUCK PRODUCTION (United States plants) 800 200 600 150 400 100 200 Monthly, left scale; weekly, right scale 0 I i i i i i I I 1952 1953 I t i i i i iii 1 i i I i I I I I I II I I I I I ill 1955 1954 INDEX, 1 9 4 7 - 4 9 = 100 THOUSAND BALES 160 50 TOTAL INDUSTRIAL PRODUCTION COTTON CONSUMPTION (F.R.B. seasonally adj. index) (daily average) 40 140 120 - 30 -Y 20 100 80 J F M A M J J A S O N D 10 mJl 1J J 1 LLJJ- 1952 1953 1954 1955 - - /Al II 1 1 _| | 1 1 1I 1 1 M 1 | M I i| n u l l . . i i 11 11 1 1 11 1 1 1 WEEKLY BUSINESS STATISTICS1 1954 1955 ITEM Mar. 13 Mar. 20 Feb. 26 Mar. 5 Mar. 19 Mar. !2 Commodity prices, wholesale: AM 1947-4-9=100.. Farm products do. ... Foods, processed do.... AI I other , do 22 commodities 2 / do Department store sales do.... Insured unemployment, total 3/ thous.. State programs do.... Finance: Currency in circulation^/ mil. of dol.. Federal Reserve bank credit outstanding, total do.... Member bank reserve balances do.... Excess reserves, estimated do.... Federal Reserve reporting member banks in leading cities: Demand deposits, adjusted mil. of dol.. Time deposits, except Government do.... Loans and investments (adjusted), total do.... U. S. Government obi i gat ions do.... Commercial, industrial, and agr. loans (gross)...do.... Real-estate loans (gross) do.... Failures, industrial and commercial number.. Bond yields, domestic corporate (Moody f s) 4/ percent.. Stock prices, 480 stocks(Standard and Poor's).1935-39=100.. Industrials, 420 stocks do Production: Bituminous coal .4/ thous. of short tons.. Electric power, by utilities mil. of kw.-hr.. Passenger cars and trucks (Ward's) number.. Petroleum (crude) and condensate 4/ thous. of bbI.. Steel 5/ thous. of short tons.. Percent of capacity J5/ Freight car load ings, total thous. of cars.. Miscel laneous do.... i 10.0 92.4 101.8 115.5 88.8 I 10. I 92.6 102.0 115.5 88.6 102 88.8 92 2,399 2,187 •I 10.5 •98.4 *IO5.3 •I 14.2 89.7 95 2,391 2, 176 90.9 93 2,074 1,846 89.9 98 2,023 1,797 29,891 25,638 19,640 848 29,782 25,704 20,307 1,083 29,796 24,668 18,479 371 29,804 24,813 18,555 362 29,832 24,714 18,521 471 29,819 25,002 19,360 1,022 54,753 19,961 79,150 32,292 22,481 6,489 229 3. 15 204.7 222.5 54,897 19,984 80,064 32,848 22,939 6,509 243 3. 13 204.7 222.6 56,744 21,470 84,334 34,750 22,236 7,342 178 3.20 280.4 314.4 56,270 21,493 84,416 34,599 22,351 7,359 222 3.21 283.0 316.6 56,769 21,540 84,242 34,177 22,375 7,373 257 3.21 275.2 307.8 226 3.21 273.3 306. I I, 184 8,519 132,673 6,458 1,652 #69.3 610 322 1,151 8,572 144,698 6,461 1,613 #67.6 610 334 1,467 9,725 186,241 6,789 2, 191 90.8 635 338 1,297 9,727 183,748 6,806 2,218 91.9 659 363 1,385 9,726 193,475 6,845 2,241 92.9 667 365 200,594 2,273 94.2 _[/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Includes UCFE program beginning January 8, 1955. Af Daily average. j>/ Week ended March 26: Production, 2,240 thous. short tons; operating rate, 92.8 percent. * Monthly index for March 1954. # Not comparable with 1955 rates which are based on higher capacity as reported January I, 1955. MONTHLY BUSINESS STATISTICS 1954 1955 ITEM January GENERAL BUSINESS INDICATORS Industrial production (FRB): Unadjusted, combined index Manufactures Durab le manufactures Pr i mar y met a Is Metal fabricating (including ordnance) Fabr i cated meta I products Machinery Transportation equipment Instruments and related products Furniture and fixtures Lumber and products Stone, clay, and glass products Mi see I laneous manufactures , Nondurab le manufactures Food and beverage manufactures Tobacco manufactures „ Texti le-mi I I products Apparel and allied products Leather and products Paper and a I I i ed products Printing and publishing Chemicals and allied products Petroleum and coal products Rubber products Minerals Coa I Crude oil and natural gas Adjusted, combined index Manufactures Durab le manufactures Pr imary meta Is Metal fabricating (including ordnance) Fabricated metal products Machinery Transportation equipment Instruments and related products r/ Revised. jp_/ Preliminary. 1947-49=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.. * December 1953 data. 124 126 140 113 155 124 146 183 148 106 104 122 128 112 97 *92 92 107 94 !26 I 16 !46 125 I 14 III 74 134 125 127 141 III 155 126 143 185 148 February 126 128 141 113 !55 123 !47 183 147 107 ! 16 126 133 i 15 96 96 95 115 102 133 118 150 126 114 I 10 66 135 125 126 139 109 151 123 141 179 147 November !30 132 143 118 154 125 150 179 !40 112 123 137 139 120 M0 !03 !02 107 94 !40 125 155 129 124 114 75 136 128 130 142 118 154 125 148 181 138 December 128 129 143 117 i56 r!24 146 191 M42 rll2 116 134 134 115 101 83 r97 99 r94 129 123 r!56 M29 rl27 r I 14 75 rl37 130 r 131 r!43 r 121 r 154 M25 rl45 rl87 140 January r 131 r 133 r!46 r 130 158 r 124 r 148 rl98 140 rlO9 I 16 r!32 r 129 r i 19 98 103 113 105 p!40 118 158 rl33 145 r\ 16 77 r 140 131 133 r!45 r!27 r 156 ri25 rl45 rl92 140 February pi 35 p 137 p 15 I pl37 p!62 pl25 PI54 p202 pl4l pi !4 p!25 pi33 PI32 p!22 p!2i p 136 pi 18 p80 pl43 pl33 p!34 pl47 f 132 pl58 pl25 pl48 pl94 pl4l MONTHLY BUSINESS STATISTICS — Continued 1954 1955 ITEM January GENERAL BUSINESS INDICATORS - Continued Industrial production (FRB), adjusted index - Continued Durable manufacturer - Cuniiiiuvu Furniture and fixtures 1947-49=100, Lumber and products do... Stone, clay, and glass products do... Mi see I laneous manufactures do... Nondurab ie manufactures do... Food and beverage manufactures do... Tobacco manufactures do... Text! le-ml I I products . .do... Apparel and allied products do... Leather and products do... Paper and a 111 ed products do... Pr i nt i ng and pub I i sh i ng do... Chemicals and allied products do... Petroleum and coal products do... Rubber products do... Minerals do.., Coa I , do... Crude oi I and natural gas do... Consumer durables output (FRB): Unadjusted index, total do... Major consumer durab les do.., Autos • do.. Major household goods do.., Furniture and floor coverings do.., App I iances and heaters do.., Radio and television sets do... Other consumer durables do.., Adjusted, tote I output .do.., Major consumer durables do.. Autos do.. Major household goods do.. Furniture and floor coverings do.., App I i ances and heaters do.. Radio and television sets do.. Other consumer durab les do.. Industrial and commercial failures: Fai lures, total number Commercial service do.. Construction ,...:'. do.. Manufacturing and mining do.. Retai I trade do.. Who lesa Ie trade do.. Liabilities, total thous. of dol Commercial service do.. Construction ..do.. Manufacturing and mining , do.. Reta ? I trade do.. Who lesa Ie trade do.. February November December 106 I 14 125 130 113 105 *II2 91 104 94 126 120 143 124 112 113 70 134 103 r I 18 130 132 114 106 98 91 106 94 129 119 146 126 110 113 68 135 108 124 136 132 118 106 100 101 107 96 137 120 151 127 121 113 69 136 rlO8 131 135 131 r l 19 106 101 rlOO r 107 r 100 136 121 112 121 135 109 99 98 173 92 112 119 133 108 99 103 150 95 I 17 127 138 119 103 117 170 95 113 120 134 NO 99 110 142 96 129 141 144 142 108 rl 16 324 100 124 135 144 130 103 rl 14 259 97 rl32 867 60 86 192 450 79 29,592 3,134 3,166 11,431 8,623 3,238 926 74 109 207 449 87 47,774 4,341 4,082 23,043 I 1,770 4,538 154,281 62,306 30,806 21,956 29,981 do.. do.. do.. do.. do.. do.. do.. do., do.. rl55 rl29 rl32 r I 16 73 rl37 January February rlO9 128 p I 10 rl36 131 rl20 pl37 p 131 p 121 106 102 109 105 pl40 122 155 pl22 rl32 *pl36 144 r l 18 r74 rl40 p 121 p80 pl43 pl5l pl75 p2IO p!47 96 rl4l r 162 195 rl36 107 122 260 93 rl29 r 144 rl60 rl32 106 127 222 96 933 68 110 179 490 86 35,067 4,065 6,859 8,099 10,466 5,578 917 72 130 204 413 98 40,103 1,857 5,926 17,526 8,509 6,285 939 87 87 195 456 114 37,872 3,154 9,044 I 1,636 9,647 4,391 877 60 113 188 412 104 42,056 2,244 7,624 18,922 8,928 4,338 141,926 56,115 29,341 21,958 29,904 156,843 58,787 32,230 21,710 30,500 186,317 73,817 38,217 21,713 30,509 163,382 62,642 33,531 21,714 29,789 149,718 57,091 31,595 21,7I6 P p29,8!3 689.5 134.7 239.8 8.3 244. I 68.9 84.2 1.9 256.6 75.2 104.4 1.7 1,941.0 233.5 1,237.8 140.1 721.3 148.2 236.8 6.1 261.0 76.5 104.4 68.0 32.3 92.3 9.6 I. I 56.9 10. I 17.0 4.0 1.2 55.9 4.4 8.2 5.6 42. I 113.9 87.0 47.4 39.2 120.8 73.9 32.4 94.0 9. I 1.3 59.6 10. 1 16.8 4.7 r27,112 r5!,4l5 r33,2l6 18,199 28, 122 982 23,912 47,590 28,138 19,452 26,171 1,113 33,552 54,089 33,881 20,208 32,386 984 33,651 53,911 33,636 20,275 31,839 755 35,304 52, I I I 31,705 20,406 35,045 703 r15,213 16,210 5,421 !4,171 13,332 6,603 17,471 17,368 5,500 17,173 17,340 5,434 18,862 19,346 4,934 104,632 39,877 64,755 100,013 39,915 60,098 103,132 43,448 59,684 r93,633 r4l,8ll r5l,822 109,796 45,017 64,779 149 174 rl30 rlO9 rl08 258 94 rl25 rl37 rl49 rl29 rl05 115 242 P 95 pl35 p 151 pl72 p!35 p96 FINANCE Bank debits, total (345 centers) New York City 6 other center s ,.. • Gold, monetary stock, United States..... Currency in circulation Stocks: Cash dividend payments publicly reported: Total dividend payments F1 nance Manufacturing Mining Public uti lities: Commun icat ions Heat, light, and power Rai I road Trade , Ml see I laneous, mil. of dol do.. do.. do.. do.. CHEMICALS AND ALLIED PRODUCTS Alcohol, ethyl: Production ...thous. of proof gal Stocks, total do.. In industrial alcohol bonded warehouses do.. In denaturing plants do.. Used for denaturation do.. Withdrawn tax-paid do.. Alcohol, denatured: Product ion thous. of w i ne ga I Consumption (withdrawals) do.. Stocks do.. Paints, varnish, and lacquer: Factory shipments, total.. thous. of dol Industrial sales do.. Trade sales do.. jr/ Revised. £ / Preliminary. * December 1953 data. 89.8 2.2 MONTHLY BUSINESS STATISTICS — Continued 1954 1955 ITEM January February November December January February FOOOSTUFFS Fermented malt liquors: Product ion . thous. of bb I Tax-paid withdrawals . do.. Stocks, end of month do.. Livestock slaughter (Federally inspected): Calves thous. of animals Catt Ie do.. Hogs do.. Sheep and Iambs do.. Stocks, cold storage, end of month: Butter, creamery thous. of Ib Cheese, total do.. Apples, fresh thous. of bu Frozen fruits, juices and vegetables: Fruits thous. of Ib Fruit juices do.. Vegetables do.. Meats, total mil. of Ib Beef and veal thous. of Ib Lamb and mutton do.. Pork, excluding lard do.. Poultry do.. eggs: She It thous. of cases Frozen r5,798 5,162 r9,497 5,909 5,434 9,605 5,638 6, 142 9,506 6,486 6,440 9, 162 6,216 5,388 9,573 546 1,541 4,712 1,243 518 1,302 3,883 1,090 694 1,602 5,841 1,160 639 l,?83 6, I 19 1,167 563 1,52! 5,519 1,223 294,047 r428,131 14,943 304,233 424,657 10,679 423,347 579,933 30,995 378,610 548,850 24,878 r34l,655 r522,676 r18,975 313,005 497, I 10 13,029 328,040 279,164 631,108 762 247,894 11,460 393,307 266,626 293,585 r355,092 r563,631 755 219,002 10,808 413,507 241,692 399,410 253,837 689,266 638 177,078 8,518 340,874 291,504 377,950 248,001 649,321 800 208,380 9,714 448,645 269,863 r348,163 r296,333 r576,98l r844 r193,580 8,767 r504,624 r251,296 308,163 360,604 507,015 840 165,324 8,576 525,619 210,672 73 38,244 rl33 41,639 325 94,658 193 74,928 r235 r66,245 258 62,198 153.9 84.3 145.3 80.5 181.8 103.8 r195.6 r108.7 205.5 116.4 84,546 111,869 77,091 108,187 74,731 103,933 89,017 118,720 97,619 I 15,917 118,707 37,094 97,733 133,523 r121,907 47,108 r95,8IO 123,840 I 13,949 45,982 4,057 4,272 5,224 4,787 5,220 678,472 685,546 703,697 801,748 711,286 720,815 20,897 19,652 9,145 457 8,631 124.7 20,888 19,656 9,231 469 8,697 128. I 20,782 19,348 9,464 485 8,768 134.6 20,782 19,282 9,934 497 9,184 138.0 20,954 19,429 10,046 511 9,299 142.5 517 1,313 4,638 1,080 thous. of Ib METALS AND MANUFACTURES Aluminum fabricated products, shipments: Wrought products, total mil. of Ib P late and sheet do.. Copper: Production: Crude (mine or smelter, incl. custom intake).short tons Refined do.. Deliveries, refined, domestic do.. Stocks, refined, end of month do.. Pumps, steam, power, centrifugal and rotary: Orders, new thous. of do I TEXTILE PRODUCTS Cotton: Consumption J_/ bales Manufactures: Spindle activity (cotton system spindles): \J Active spindles, last working day, total....thousands Consuming 100 percent cotton do.. Spindle hours operated, all fibers, total..mi I. of hr Average per working day do.. Consuming 100 percent cotton do.. Operations as percent of capacity r/ Revised. \J Data for December 1954 cover 5 weeks; other months, 4 weeks. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS 20,626 19,136 I 1,059 442 10,239 122.5 99,461 123,162 108,503 44,579 PENALTY FOR PRIVATE USE TO A V O I D PAYMENT OF POSTAGE, $300