Full text of Survey of Current Business. Business Statistics (Weekly Supplement) : May 22, 1953

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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
Avoiloble only with subscription to the monthly mogoiine SURVEY OF CURRENT BUSINESS

MAY 22, 1953

SELECTED BUSINESS INDICATORS
BILLIONS OF KILOWATT-HOURS

(Ingoti ond Stol for Castings)

ELECTRIC-POWER PRODUCTION
By UTILITIES

130

120
110

100

I 1 1 1 I ! I ! I I i ! I !8I I 1*1 It
JAN.

FEB.

«*AR.

APR.

MAY

I I t ! I I I I I I I I I I I I I I I I I I I I 11 I
JUNE

JULY

AU6.

SCPT.

OCT.

I I !

NOV. DEC.

JAN.

FEB.

MAR.

APR.

MAY

JUNE

JULY

AUG.

SEPT.

OCT.

NOV. DEC.

THOUSANDS OF VEHICLES
250

1935-39'100

260

MOTOR-VEHICLE PRODUCTION
(Passenger Cars and Trucks)

PRICES of 420 INDUSTRIAL STOCKS
(WEDNESDAY CLOSE)

220

180

140

100
'950

1951

1952

1953

1950

1951

1953

1952

1

WEEKLY BUSINESS STATISTICS

1953

195 2
May 10
Commodity prices, wholesale:
A l 1 commodities
1947-49=100. .
Farm products.
....*«..»-».«.*.»....
do....
Foods, processed...
.
do
A!! other
do
22 commodities 2/
do. . .
98.7
4
.387
Cotton, m i d d l i n g , 157(6", 10 markets 3/. ..... .dol . per Ib..
Wheat, No. 2, hard winter (Kansas City) 3/
dol. per bu..
2.48
Department store sales
... 1 947-49=s 100
1 17
Insured unemployment, total
•. ..thous..
1, 127
State programs
do .
1, 101
Finance:
Currency in circulation 3/
m i l . of dol..
28,544
Federal Reserve bank credit, total.....
do....
24,067
Member bank reserve balances
do. . . . 20,034
Excess reserves, estimated
do....
963
Federal Reserve reporting member banks in leading cities:4/
Demand deposits, ad iusted
m i l . of dol..
5 1 , 887
Time deposits, except Government
do....
16,660
Loans and i nvestments, tota 1
do. ...
73, 168
U. S. Government obligations
. ..........do....
3 1 , 389
Commercial, industrial, and agr. loans (gross) .. .do. ...
20,723
Real-estate loans (gross)
.do....
5,753
161
Failures, industrial end commercial
number..
3.16
Bond yields, domestic corporate (Moody 's) ,3/
percent..
183.6
Stock prices, 480 stocks (Standard and Poor^s) . 1935-39=100. .
199. 1
Industrials, 420 stocks
do,...
Production:
Bituminous coal 3/..,
thous. of short tons..
1,327
Electric power, by u t i l i t i e s
m i l . of kw.-hr..
7,039
Motor vehicles (Ward's)
number..
120,190
Petroleum, crude 3/
thous. of bbl..
Steel 5/
I947-49»IOO. .
1 10.6
Freight car load ings, total
,
thous. of cars..
720
Mi see 1 laneous
do. . . .
357

May 9

Apr. 18

Apr. 25

*l 1 1 .6
*I07.9
*I08 6
*l 13.0
97.2
.384
2.42
99
!, 1 15
1,091

87.8
.329
2.40
105
1,037
971

**I09.4
**97.5
**I03 2
*»I 13 3
87.8
.328
2.38
104
1,011
951

28,524
23,764
19,953
861

29,782
25,549
19,932
337

29,737
25,395
19,476
-12

29, 8 M
25 , 227
19,489
32

29 , 896
25,443
19,8! !
378

51,955
16,658
73,230
°3 1 , 397
20,707
5,756
154
3. 15
183.0
198 4

53,542
18, 171
76,925
29,622
23,287
6,210
165
3.40
190.9
206 4

53,897
18,207
76,412
29 384
23, 156
6,206
159
3,43
187.2
202 2

54, 176
18,236
76,301
29 249
23, 133
6,214
169
3.46
188. 1
203 5

53,352
18,289
76,238
29, 185
23, 139
6,214
165
3.51
190.3
206 3

1,386
7, 1 10
119,939

1,446
8, 1 13
150,642
6, 185
138.7
752
388

1,500
8 016
182,595
6 184
141 7
780
395

1 458
7 939
172,706
6 183
140 8
781
397

1 469
7 897
167,632
6 ?42
140 6
765
382

May 17

130.9
754
373

May 2

87.6
.333
2.40
1 14
981
922

109.9
99.0
104 5
I 13 4
88.0
.335
2.38
127

May 16

109.9
98.5
104.5
1 13.4
87.6
.334
2.33

29,878
25,831
19,912
620

198
3.53
188.8
204 5

166, 108
140 8

_[/ Data do not always cover calendar weeks. 2/ Tuesday prices. 3/ Daily averages. ±/ New basis beginning March 7, 1953; not strictly
smparable with earlier data. 5/ Week ending May 23, 140.6. * Monthly index for May 1952. ** Monthly index for A p r i l 1953.




MONTHLY BUSINESS STATISTICS
E a r l i e r data are a v a i l a b l e in monthly issues of the Survey
and the 1951 Statistical Supplement

19!>2

March

19553
Apr i 1

January

February

March

Apri 1

COMMODITY PRICES
Wholesale prices (U. S. Department of Labor), indexes:
A l l comiTscdit ies
1947-49-100..
Farm products
do. ...
Fruits and vegetables, fresh and dried
do....
Grai ns
do. ...
L i vestock and 1 i ve pou 1 tr y
do ....
Foods, processed
do ....
Cereals and bakery products
do....
Dairy products and ice cream
do..,.
Fruits and vegetables, canned and frozon
do..
Meats, poultry, and fish
.
do
Commodities other than farm products and foods.. ..do.. .
Chemicals and a l l i e d products
do....
Chemicals, industrial
....do....
Drugs, Pharmaceuticals, cosmetics
do . .
Fats and o i l s , i n e d i b l e
do.. .
Fertilizer materials
do
Pa i nt and pa i nt mater i a 1 s
do .
Fuel, power, and lighting materials
do....
Coa 1
do ....
Electricity. . . .
.
do
Gas. .
...
do
Petroleum and products ..
do
Furniture and other household durables
do....
Appliances, household .. .
do
Furniture, household
. do
Rad 5o
do
Te 1 e v i s i on
.
... . do
Hides, skins, and leather products .
do
Footwear
do
H i d e s a n d s k i n s ..
do
Leather
. ... do
Lumber and wood products
do. . .
Lumber
do ....
Mach i nery and mot i ve products
do ....
Agricultural machinery and equipment
do....
Construction machinery and equipment
do....
Electrical machinery and equipment....
do
Motor veh i c Ies ....
.
do .
Metals and metal product^
do..
Heat i ng equ i pment
do . .
Iron and steel
, .do....
Non ferrous meta Is
do. ...
Nonmetallic minerals, structural
do....
Clay products
.
do
Concrete products
.
do
Gypsum products
do. . .
Pulp, paper, and a l l i e d products
do
Paper
...
do
Rubber and products
do.
Tires and tubes
do. . . .
Textile products and apparel
do....
Appare 1
do. ...
Cotton products
..
do
S i l k products
do. ...
Synthet i c text i 1 es
do .
Wool products
do....
Tobacco manufacturos and bottled beverages
do....
Beverages, a Icoho l i e
do. ...
Cigarettes.
do. . . .

1 12.3
108.2
123.9
102.0
105.2
109.2
1 07 . 5
1 13,3
104.9
! ! 1 .0
1 13.8
105.4
1 17.0
93. 1
47.3
109 6
107.9
107.4
108.7
99 1
105 7
I 10 6
1 II .9
107 4
1 13 4
90.7
98.0
! 15.9
59 6
87.6
120.5
120.7
121.8
121.8
124.9
!2I 5
(20.0
122.6
! 14.0
123.2
124.9
1 12.9
121 4
1 !2 4
1 17.7
1 17 7
123.8
142.0
133.4
100.6
101.6
99 6
129. 1
87.3
1 1 1 .8
112.0
106.4
1 12.0

CONSTRUCTION AND REAL ESTATE
Construction (Engineering News-Record).:
Engineering construction, contract awards J/thous. of dol..
1,042,851
120.6
Construction cost indexes: B u i l d i n g 2/
1947-49=100
122.3
Construction 2/
do. . . .
EMPLOYMENT AND WAGES
Labor force (Bureau of the Census):
C i v i l i a n labor force
thousands .
Emp loyed
,
do
Agr icu Itural emp loyment
do.
Nonagr icu Itural emp loyment
do
Unemp 1 oyed
do
Employees in nonagr. establishments, total, unadj. 3/.. do....
Manuf actur i ng
cJo
Mining...
do
Contract construction
do
Transportation and p u b l i c u t i l i t i e s
do
Wholesale and retail trade..
do
Finance, insurance, and real estate
do.
Service and miscellaneous
do
Government
do

61,518
59 714
6,012
53,702
1 804
47, 1 18
16,061
898
2 313
4, 174
9,946
1,921
5 178
6,627

1118
108 7
127.3
100.9
106.6
108.0
107.4
1 !2.2
1 04 , 6
109.4
1 13.3
104.8
1 16.8
92.7
42.6
109 8
108.0
106.3
104.9
99 1
106 6
109 5
! 12. 1
107 8
1 13.4

f
90.7 \
94. 1
r 1 12.9
49 7
84.4
120.9
121.3
121 .6
12 1.6
124.9
120.9
1 19.7
122.5
1 13.9
123.0
124.8
1 12.8
121 .3
1 12.4
1 17.7
1 17.4
123.5
140.6
133.0
99.9
101.2
98.6
128.4
86.7
109.2
1 12.0
106.4
1 12.0

1, 180,340
121.3
123 0

6 1 , 744
60, 132
6,412
53,720
1 612
47,430
1 5 , 994
890
2,435
4, 149
10, 125
1,941
5,266
6,630

109.6
97.9
102.2
93. 1
91.2
105.2
107.6
110,9
105.5
98.2
1 13. 1
103.6
1 13.1
91.4
52.7
1 12.7
105.9
108. 1
1 15.9
100.7
109.5
107.9
1 12.9
107.4
! 13.4
95.5
75.6
98.0
1 12. 1
66.5
91.9
121. 1
!20.3
121.6
121 .8
126.3
! 19.7
1 19.9
124.6
1 13.9
127.5
124.4
1 14.6
124.0
1 12.8
1 17.7
115.3
124.9
126.2
126.3
98.5
99.9
96. 1
141.4
88.3
1 1 1 .5
III.9
1 10. 1
112.0

r 1 10.0
r99.8
r 105.8
94.7
91.7
r 104. 1
108.9
109.7
105. 1
r9l.2
1 13.4
104.2
1 13.9
91.6
59.0
1 12.8
!06.0
r 108.4
r 1 14.4
100.7
109.5
109.0
1 13. 1
H07.9
rll3.6
95.5
r74.9
98. 1
112.1
r64.8
93.5
121.7
120.9
r 121.8
r 122.2
r!27. 1
r 1 19.9
120.0
125.5
1 13.9
127.7
131.5
H 15. 1
H24.3
1 12.8
1 18.3
r 1 15. 1
r 124.9
125.7
126.3
r97.5
99.6
93. 1
141.4
87.9
r 1 1 1.9
1 14.8
110.0
124.0

109.4
97.5
106.9
93.8
87.5
103.2
109.0
108.5
104.4
89.3
113.3
105.5
1 17.0
93.0
56.0
113.2
106.0
107.7
III.2
99.6
109.5
109.3
1 14.0
108.0
113.8
95.5
74.9
97.8
III.5
66.4
92.3
121.9
121.2
122.0
122.3
128.6
121.3
1 18.9
125.0
1 13.9
127.7
128.2
116.8
124.5
113.7
122.3
115.3
124.9
124.7
126.3
97.4
99.9
92.8
I3I..6
88.0
1 1 1.7
1 14.8
110.0
124.0

1,886,520
125.8
129.6

1,023,021
125.7
129.7

1,200,048
M26.2
M30.2

1,473,200
126. 1
130. 1

62,416
60,524
5,452
55,072
1,892
48,382
16,884
866
2,303
4,210
10,283
1,969
5, 192
6,675

62,712
60,924
5,366
55,558
1,788
48,364
17,019
856
2,283
4,206
10,202
1,979
5, 194
6,625

63,134
61,460
5,720
55,740
1,674
48,626
17,136
846
2,296
4,227
10,269
1,995
5,225
6,632

62,810
61,228
6,070
55,158
1,582
p48,765
p 17, 050
p829
p2,4!4
p4,24l
p 10, 290
p2,OI5
p5,3ll
p6,6!5

109.9
99.6
107.3
94.6
92.7
105.5
106.8
! 1 1 .9
105.4
99.3
1 13. 1
103.6
1 12.8
91.5
53.5
1 12.9
106.2
107.8
1 16.3
99.6
108.0
107.9
1 12.7
107.4
! 13.2
95.0
74.5
97 . 3
1 12.0
62. 1
92.0
120.5
120. 1
121.5
121 .8
126.2
1 19.6
1 19.8
124.0
1 13.8
127. 1
122.5
1 14.6
124.0
1 12.8
1 17.7
1 15.8
124.9
177.3
126.3
98.8
100.0
97.0
141 .4
88. 1
1 13.0
1 12.2
110.7
1 12.0

£/ Revised. £/ Preliminary. J_/ Data for January and A p r i l 1953 are for 5 weeks; other months, 4 weeks. 2/ Data reported at the beginning of each month are shown here for the previous month. 3/ See note _[/ on opposite page.




MONTHLY BUSINESS STATISTICS —Continued
Earlier data are a v a i l a b l e in monthly issues of the Survey
and the 1951 Statistical Supplement

1952
March

1953

Apr! I

January

February

March

Apr! I

EMPLOYMENT AND WAGES - Continued
Production workers in manufacturing i ndustr ies:_[/
Total
thousands. .
Durable-goods industries
do....
Ordnance and accessories
do....
Lumber and wood products (except furniture)
do....
Furniture and fixtures
do....
Stone, clay, and glass products.....
do....
Primary metal industries
do....
Fabr icated metal products 2/
do. ...
Machinery (except electrical)
do....
Electrical machinery
do....
Transportation equipment
do....
I nstruments and re Iated products
do....
Mi see I I aneous manufacturing industries
do....
Nondurable-goods industries
do....
Food and kindred products
do....
Tobacco manufactures
do. ...
Textile-mill products
do....
Apparel and other finished textile products
do....
Paper and a l l i e d products
do....
Printing, p u b l i s h i n g , and a l l i e d industries
do....
Chemicals and a l l i e d products
do....
Products of petroleum and coal
do....
Rubber products
do. .. .
Leather and leather products
do. ...
Manufacturing production-worker indexes, unadjusted:.]/
Employment
I947~49= 100..
Povroll
do....
Hours and earnings: J_/
Average weekly hours per worker, a l l manufacturing..hours..
Durable-goods industries
do....
Nondurable-goods industries
do....
Average week Iy earnings, all manufacturing
dollars..
Durable-goods industries
do....
Nondurab le-goods i ndustr ies
do. ...
Average hourly earnings, a l l manufacturing
do....
Durable-goods industries
do....
Ordnance and accessories
do....
Lumber and wood products (except furniture)
do....
Furniture and fixtures
do....
Stone, clay, and glass products
do....
Primary metal industries
do....
Fabr icated metal products 2/
do. ...
Machinery (except electrical)
do....
Electrical machinery
do....
Transportation equipment
do....
Instruments and related products
do....
Miscellaneous manufacturing industries
do....
Nondurable-goods industries
do....
Food and kindred products
do....
Tobacco manufactures
do....
Text i le-mi I I products
do....
Apparel and other finished textile products
do
Paper and a l l i e d products
do
Printing, p u b l i s h i n g , and a l l i e d industries
do....
Chemicals and a l l i e d products
do....
Products of petroleum and coal
do. . ..
Rubber products
do....
Leather and leather products
do....
FI NANCE
Bank debits, total (345 centers)
New York City.
6 other centers

mj|. of

12,872
7,497
123
703
300
446
I, 109
847
1,298
781
1,300
226
363
5,375
1,033
84
1,079
1,032
413
489
521
186
206
333

13,619
8,020
139
676
329
451
1, 139
931
1,313
899
1,509
241
393
5,599
1,045
101
1,132
1,109
436
498
516
186
219
359

13,744
8,123
141
679
332
452
I, 142
942
1,322
916
1,553
240
404
5,621
1,036
95
1, 135
1,137
436
496
520
186
219
363

13,843
8,220
143
687
335
459
I, 145
953
1,335
924
1,585
244
410
5,623
1,028
88
1, 134
1,138
440
499
527
186
220
363

p!3,754
p8,2!3
p!44
p68l
p33l
p462
p i , 147
p953
pI,326
p928
pi,588
p244
p4l I
p5,54l
pi,029
p85
pi,122
pi,080
p44!
p497
p524
p!87
p2!9
P355

104.7
132.5

104. I
129. I

I 10. I
148.4

I I I. I
149.4

I I 1.9
152. I

p i I 1 .2
p i 49. 8

40.6
41.6
39.2
66.99
72.38
59. 98
.65
.74
.78
.49
.46
.58
.85
.71
.84
.66
.94
.70
.48
.53
.51
.19
.35
.31
.58
2.07
.67
2.01
.80
.30

39.8
40.8
38.4
65 67
70.99
58.75
1.65
1.74
1.78
1.52
1.46
1.58
1.83
1.70
1.84
1.66
i.92
1.69
1.48
1.53
1.52
1.20
1.34
1.27
1.58
2.08
1.68
2.03
1.80
1.31

41.0
41.8
39.8
71.34
76.91
62.88
1.74
1.84
1.85
I .55
1.51
1.68
2.03
1.81
1.93
1.72
2.03
1.76
1.55
1.58
1.59
1.21
1.37
1.33
1.66
2. 15
1.76
2. 17
1.90
1.35

40.9
41.7
39.7
71. 17
77. 15
62.73
I .74
1.85
I .86
1.56
1.52
1.69
2.01
1.82
1.94
1.74
2.05
1.77
1.56
1.58
1.59
1.23
1.37
1.34
1.67
2. 17
1.77
2. 17
1.91
1.36

41.1
41 .9
40.0
71.93
77.52
63.60
.75
.85
.89
.56
.52
.70
.01
.83
.95
.74
.05
.77
.57
.59
.60
.26
.37
.32
.67
2. 18
1.78
2.17
1.93
1,37

p4-0.8
p4l .8
p39.4
p7l.40
p77.75
p62.65
p i . 75
p i .86
p i .87
pi.57
p i . 53
pi.71
p2.0!
p i . 84
p i . 95
p i . 75
p2.06
p I . 77
pi.57
p i . 59
p i . 60
pi.27
p i . 37
pi.29
p i . 68
p2.20
p i . 80
P2.I7
pi.93
pi.36

136,298
49,'213
30,007

134,145
49,745
28,761

145,986
52,048
31,660

129,320
45,749
28,126

153,511
53,898
35,339

thousands..
do....
do....
do
do
do..!.
do....
do....
do..!.

2,868
'539
63
|74
180
29
83
300
1,499

2,912
498
53
175
162
36
211
296
1,481

3.352
631
75
203
219
40
96
318
1,770

2,731
470
61
173
159
26
78
274
1,490

2,802
451
59
175
170
27
83
288
1,549

2,957
455
55
'179
166
32
245
281
1,544

FOODSTUFFS
Livestock slaughter (Federally inspected):
CaIves
thous. of an i ma I s..
Catt I e
do....
H
°9S
do....
Sheep and lambs
do....

397
927
5,776
971

405
938
5,281
941

453
1,313
6,267
1,289

422
I, 170
4,550
1,088

535
1,299
4,962
1,190

541
1,371
4,325
1,100

,

TRANSPORTATION
Freight carloadings, cars, total (A.A.R.)^/
Coal
Coke
Forest products.
Grain and grain products
L i vestock
Ore
Merchand i se, I.c. I
Mi see I laneous

,

dol..
do
do

12,951
7,484
119
695
305
443
1,122
848
1,295
791
1,276
225
366
5,467
1,026
87
1,100
1,087
416
490
529
183
208
34f

145,641
52,038
32,742

£/ Revised. £/ Preliminary, J/ Employment statistics beginning 1947 have been revised to adjust to levels indicated by a first quarter
1951 benchmark and are not comparable with previously published data. 2/ Except ordnance, machinery,and transportation equipment. 3/ Data
for January 1952 and January 1953 are for 5 weeks; other months, 4 weeks
~~




MONTHLY BUSINESS STATISTICS — Continued
Earlier data are a v a i l a b l e in monthly issues of the Survey
and the I95I Statistical Supplement

1 952

195 3
Apr i 1

March

February

January

March

Apr i 1

FOODSTUFFS - Continued
Stocks, cold storage, end of month:
Apples, fresh
Butter , creamery. ...
Cheese , tota I
Fruits and vegetables, frozen:
Fru its
Vegetab les
Eggs:
She I I
Frozen
Meats, total
.
Beef and vea I
Lamb and mutton
Pork, excluding lard
Pou I tr y

5,983
6,505
155,195

2,894
10,522
158 949

15,265
85 737
227 499

10,775
99 557
218,371

r6,386
r 1 32 , 790
r232,255

3,263
152 885
263,538

do. ...
do. . . .

466,735
348,023

475,636
313,708

481, 129
494,893

496,233
450,265

r449,348
r4 19,899

436,593
38 1 , 587

thous . of cases . .
thous . of Ib . .
do....
do. ...
do ....
do....
do ....

1,596
84,295
1,242,349
267,437
!4,896
822,006
232,832

120
34,980
1,038,030
287,258
20,816
595,546
261,072

248
42,419
1,043,480
274,457
23,670
604,813
220,606

r375
r65,20l
r 989, 663
r256,439
r 19,945
r 569, 204
r 174,243

827
97,321
928,029
236.280
17, 165
538,257
140,432

thous. of bu..
thous of Ib
do ....

METALS AND MANUFACTURES
Iron ore (Lake Superior district):
Shipments from upper lake ports
thous. -of long tons..
Steel ingots and steel for castings:
Product i on
thous . of short tons . .
Percent of capacity
Steel products, net shipments:
Total
thous of short tons
Bars, hot ro I led : A l l grades
do. ...
Re inforcing
do. . . .
Semimanufactures
do
Pipes and tubes
..
.
.
do
P I ates
do ...
Ra i I s
do
Sheets
do
Strip* Cold rolled
. .
.
do
Hot rolled
do . .
Structural shapes
do
Tin plate and terneplate.
do
Wire and wire products
do .
Copper:
Production:
M i ne or sme I ter
.
short tons
Ref i nery
do. ...
Deliveries refined, domestic
do
Stocks, Defined end of month .
do
Z i nc, s lab :
Sh i pments, tota I
Domest i c
Stocks, end of month

do. . . .
do. ...
do

PETROLEUM, COAL-, AND PRODUCTS
Coal, production:
Anthracite
thous of short tons
Bi tumi nous
.do. .

2, 184
1 1 1 , 1 85
1,230,705
252,350
13,067
823,741
194,965

0

6,532

0

0

313

8,404

r9,405
102

7,992
90

r9,898
99

r8,933
99

10, 168
102

9,545
99

6,890
801
193
317
872
784
162
1 609
156
170
431
478
465

5,922
693
144
292
718
658
128
1 ,434
143
143
354
398
422

7,068
853
146
358
832
714
166
1,851
190
203
418
433
458

6,533
779
156
335
804
659
148
1,695
167
183
395
373
435

7,437
894
173
415
902
707
168
1 ,982
205
210
416
448
471

87, 1 10
94,563
1 12,719
58,487

89,479
98,402
107,579
61,223

8 1 , 625
108,010
125, 133
59,836

83,653
101,538
1 17,204
60,944

r 1 0 1 , 825
1 12*016
133,462
55,807

95,888
1 !2,660
142,282
48,382

85 , 028
85,575
79,897
26,004

83,01 1
85,592
72,716
23,423

8 1 , 994
80,679
77,573
88,475

76,899
71,710
67,729
93,664

83,485
77,285
72,388
99,864

80,546
86, i56
78,324
94,254

3,093
40,968

3,333
39, 100

2,626
39,445

2,365
34,265

r

1,860
37,025

2,284
36,060

r / Revised.

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