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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE OFFICE OF BUSINESS ECONOMICS Available only with subscription to the monthly magazine SURVEY OF CURRENT BUSINESS May 28, 1954 # # * * This Supplement provides selected weekly data and monthly data subsequent to those published in the latest monthly SURVEY * * * * WEEKLY BUSINESS STATISTICS1 1953 1954 1953 1954 ITPM 1 TPM May 23 Commodity prices, wholesale: A l l commodities. . 1947-49- 100 Farm products do. . Foods, processed do. . A 1 1 other do 22 commodities 2/ .do. . Department store sales do Insured unemployment, total thous State programs do. . Fai lures, ind. & comm. .number Bond y i e l d s , domestic corporate (Moody 's) 3/ . percent *!09.8 *97.8 * 1 04 . 3 *l 13.6 88.4 **I05 May 8 1 1 1 .0 99.6 106.2 1 14 5 92.3 123 May 15 1 1 1 .0 99.0 106.9 1 14 4 92.2 97 May 23 May 22 1113 100.7 107.6 1 14.4 93.2 *-*953 *-*899 156 #2,315 #2, 125 206 248 248 3.54 3 13 3. 12 3. 13 Stock prices (480), Standard 190.7 and Poor's. ...':.. 1935-39-100 206.3 Industrials (420) do.. Product i on : Bitum.coal 3/. . .thous . sh .tons **I,5I8 Electric power, by u t i l i t i e s **7,959 m i l . kw -hr Motor vehicles (Ward 's) . . . .No. 151,609 Petro leum, crude 3/ thous bb 1 **6 267 Steel (ingots & for castings, 140. 1 quantity) 4/ 1947-49-100 Freight car load ings. thous. cars **780 M i see 1 1 aneous do **387 May 8 May 15 217. 1 238.2 219.5 241 .2 1 , 129 1, 183 8,438 144,533 6 321 8,380 143,629 6 327 103.0 648 338 105.2 678 345 May 22 220. 1 241 .9 148,835 106.6 J_/ Data do not always cover calendar weeks. 2/ Tuesday prices. J3/ D a i l y averages. j4/ Week ended May 29, 104.6. * Monthly index for May 1953. ** For week corresponding to latest. # Data for preceding week follow: .Total, 2,372,000; State programs, 2,181,000. MONTHLY BUSINESS STATISTICS 1953 1954 1953 ITEM Apr i 1 February March CuvjMODITY PRICES Consumer price index, a l l items 1947-49-100 Appare ' do . Food . . . do Dairy products. do. . do. . do.. do. . do. . Per sona 1 care do. . Reading and recreation. . .do. . Transportation do. . Other goods & services. . .do. . Wholesale p., selected items: Butter, 92-score (N.Y.) rl_» i February March Apri 1 COMMODITY PRICES - Con. Industrial & comm. failures: Fa i 1 ures, tota 1 number Commercial service do.. s Constr jc/ i on do . . Manufacturing & m i n i n g . . do.. Retai 1 trade do Wholesale trade do.. L i a b i 1 ities, total . .thous. dol. Commercial service do.. Construction do. . Manufacturing & mining.. do.. Retai 1 trade do. . Wholesale trade do.. Housing Gas & electricity Housef urn ish ings Rent Apri 1 Apr! 1 BUSINESS POPULATION r%or 1h Eggs, extras, large (Chicago) dol . per doz. Corn,av.5 markets. .dol ? per bu. Wheat, av. 6 markets do.. 693 48 86 140 344 75 27,520 1,765 3,748 10,585 8,497 21,925 926 74 109 207 449 87 47,774 4,341 4,082 23,043 1 1,770 4,538 1, 102 87 143 198 55 1 123 57,280 3,506 7,255 15,359 26,043 5, 1 17 975 66 92 200 535 82 42,512 1,648 3,692 20,568 12,030 4,574 1 13 7 104.6 1115 109.0 i ic n 106 8 117.0 106.5 107.8 122. 1 120 2 112.5 107.9 129.4 1 17.9 1 15 0 104.7 1 12.6 109.0 ins n flKQ £CQ £C I 583 .497 1.557 2.529 .450 1.495 2.570 .403 1.502 2.545 .380 1.504 2.589 109 7 118.9 107.5 107.2 127.9 124 | 1 13.9 108.0 129.4 120.2 1 14 8 104.3 1 12 1 108.0 irn p 109 5 119.0 107.6 107.2 128.0 124 4 1 14. 1 108.2 129.0 120. 1 I/ 1 14 6 104. 1 1 12 4 104.6 iinn 1 10 5 1 18.5 107.6 106. 1 128.2 124 9 112.9 106.5 129. 1 120.2 £/ Revised. J./ Index on base previously used (1935-39=100) is 191.6. 1954 ITEM Wholesale p., se 1 . items - Con. Beef steers (Chicago) dol. per 100 Ib. Hogs (Chicago) . ... . . .dp. . Beef, choice (N.Y. ) .dol .per Ib. Pork, loins (N.Y*) do.. Pig iron,comp. . .dol .per Lton Stee l,comp. ,f in. . .dol . per Ib. Copper^ electro.(N.Y.). . . .do. . Lead, refined, p i g , desi 1verized (N.Y.). . .dol. per Ib. Zinc, prime W. (St. Louts) .do. . Cotton, m i d d l i n g , 15/16", av. 10 markets .cents per Ib Wool, raw (Boston) .dol .per Ib. 21.50 21.88 .382 .523 54.73 .0498 .2990 22.96 25.45 .396 .541 56.03 .0524 .2967 22.88 25.63 .392 .540 56.03 .0524 .2969 23.77 26.75 .398 .574 56.03 .0524 .2970 . 1268 . MOO . 1282 .0938 . 1294 .0964 . 1390 . 1025 32 97 1.737 34 04 1.725 34.23 1.675 34. 19 1.688 Construction cont. awarded, 37 States (F. W. Dodge Corp.): Tota 1 projects number Total valuation . m i l . doL Bui Jd ing, total do. . 40,787 55,435 1 , 74 1 . 5 1,221.3 1,354.2 977.5 55,659 1,527.5 1, 199.8 65,521 1,691 ,9 1,401.6 DOMESTIC TRADE Mail-order & store sales, total, 2 cos .thous dol Montgomery Ward & Co do. . Sears, Roebuck & Co do.. 345,223 90,564 254,659 228,687 53, 131 175,556 278,044 333,209 67,406 83,562 210,638 249,647 50,558 50,692 50,704 50,089 25,546 23,880 21,383 25,688 24,509 21,270 25,316 24,632 21,278 25,382 24,632 21,283 CONSTRUCTION AND REAL ESTATE FINANCE Federal Reserve banks, condition, end of month: Assets, tota 1 . ...mil. dol Reserve bank credit outstanding, total .. .mi 1 . dol. U. S. securities do.. Gold cert if. reserves. . .do. . MONTHLY BUSINESS STATISTICS — Continued 1953 ITEM 1953 1954 r Apr i 1 ebruary March Apr i 1 Apr i 1 February 3,278 44 1 , 235 384,285 928 234,891 17,493 538,025 140,371 816 98,978 10,679 635 , 626 562,581 755 219,002 10,808 413,507 24 1 , 692 135 4 1 , 639 #936 #r2,024 #r3, 178 #r2,354 791 2,015 2,330 r 1 , 870 762 2, 1 18 2,732 2,219 5,787 36,386 29,661 6,725 5,932 30,587 24,553 6,035 5,287 26, 142 20,690 5,452 74,428 103,496 89,017 1 18,417 r 81, 100 1 17,546 95,795 125,759 77,063 1 12,617 104,829 124,523 42,046 36,551 97,981 50,808 47,837 100,927 46,730 47, 161 100,441 684,367 845,036 660,209 20,888 19,656 20,872 19,626 20,715 19,457 9,231 469 8,697 128. 1 1 1,454 458 10,799 125.3 8,991 457 8,475 125.3 78.3 24 1 55 5 24. 1 60 8 r29 1 60 4 28 9 60 3 22.9 75 8 30.9 75 4 28.3 70 0 28.3 March FOODSTUFFS - Con. FINANCE - Con. Fed. Res. banks, condition-Con. 50,558 L i a b i 1 ities, tot a 1 m i l do 1 21 ,055 Depos i ts do . 19,740 Member bank res. bal...do.. 351 Excess reserves, est. .do. . 25,598 FR notes in circu lat. . .do. . f^g^gpyg p Q-}- j Q per cent 45.8 Federal Government finance: \_l 4,044 Rece i pts, Treasury ... mi 1 . do 1 . 2,849 Receipts, net do . 54 Customs ... do. . 3,021 1 ncome & emp 1 taxes . do. . 880 M i s c e l . internal rev. ...do.. Expenditures, total do.. 6,362 372 Interest on debt do Bonds • Pr i ces • Dom m u n i c i p a l (15 bonds), 121.5 S&P Corp. do 1. per $100 bond U S Treasury do. . 93.25 Yie Ids: 3.40 Dom. corp. (Moody 's) . . .percent 3.23 By ratings: Aaa do.. 3.29 Aa do. . 3 44 A do 3.65 Baa do. . 3.27 By groups: 1 ndustr i a 1 .do. . 3.44 Pub. uti 1 . .do. . 3.51 Ra i Iroad . . . do. . Dom m u n i c i p a l (15 bonds), 2.63 S&P Corp percent 2.97 U. S. Treasury do.. Stocks: D i v i d e n d rate per share' 3.97 Common (200) , Moody ' s. do 1 lars 4. 17 I n d u s t r i a l (125) do.. 1.96 P u b l ic uti lity (24) do. . 3.01 Rai iroad (25) do. . 2.82 Banks (15) . .do. . 3.09 1 nsurance (10) do. . Dividend yields: 5.49 Common (200) , Moody ' s. percent 5.52 1 ndustr ia 1 ( 125) do 5.30 P u b l ic uti 1 ity (24) do.. 6.21 Rai Iroad (25) do. . 4.49 Banks (15) do. . 3.41 Insurance (10) do. . 50 , 692 20,934 19,412 591 25,757 45.6 50,704 20,773 19, 194 505 25,487 46.0 50,089 20,898 19,528 p664 25,472 45.9 6,468 5,444 41 5,408 860 4,707 372 13,013 1 1,434 44 1 1 , 865 954 5,555 588 3,956 2,751 52 2,865 860 5,296 350 •125.4 98.62 125.6 99.87 123.9 100.36 3.23 2.95 3. 12 3 25 3.61 3. 12 3.23 3.35 3. 14 2.86 3.03 3. 16 3.51 3.05 3. 14 3.24 3. 12 2.85 3.00 3. 15 3.47 3.04 3. 13 3. 19 2.39 2.60 2.38 2.51 2.47 2.47 4. 14 4.34 2. 1 1 3.24 3.01 3.28 4. 14 4.34 2.13 J>'. 1 1 3.01 3.37 4. 18 4.41 2. 13 3. 1 1 3.01 3.37 5.32 5.29 5.09 6.92 4.77 3.08 5. 14 5.07 5.00 6.70 4.81 3. 17 4.94 4.86 4.96 6.59 4.66 3.08 541 1,371 4,325 1, 100 518 1,302 3,883 1,090 660 1,511 4,554 1, 149 598 1,417 3,853 1,096 149,876 262,606 304,233 424,657 r346,542 r450,299 374,679 478,901 FOODSTUFFS Livestock slaughter: Ca 1 ves thous . an i ma 1 s Cattle do Hogs do Sheep and lambs . .do. . Stocks, cold storage, end mo.: Butter, creamery thous Ib. Cheese, tota 1 do. . 1954 Apri 1 Stocks, cold storage - Con. Apples, fresh . thous bu. Fruits, frozen thous Ib Vegetables, frozen do.. Meats, total m i l Ib. Beef and veal... .thous. Ib. Lamb and mutton do . . Pork, excluding lard.... do.. Pou Itry do. . Eggs: S h e l l thous. cases Frozen thous. Ib. 3,256 r6,095 r605,956 60 1 , 984 r5IO,944 459,968 • 697 r732 r 186,362 161,259 8,626 r9,445 r4!8,283 412,456 r2!7,456 183,245 7i8 r443 r9 1,940 141,206 LEATHER AND PRODUCTS Leather production: Calf and kip thous Cattle h i d e » thous Goat and kid thous Sheep and lamb skins hides skins do. . METALS AND MANUFACTURES Iron ore (Lake Superior dis.): Consumption by furnaces thous . 1 . tons 7,764 Stocks, end of mo. ,tota 1 . .do. . 21,572 At furnaces do 18,816 2,757 On Lake Erie docks do.. Copper : Product ion : 95,890 Mine or smelter sh. tons Re f i ner y do . . 1 13,782 Deliveries, ref., dom....do.. 142,382 Stocks, ref ., end of mo.... do.. 48,382 Lead, refined (primary ref.): Product i on sh . tons 46,729 39,487 Shipments (domestic) do.. 69,608 Stocks, end of month do.. TEXTI LE PRODUCTS Cotton: 2/ 909,240 Consumpt ion ba les Mfrs., s p i n d l e activity: Active spindles, last work21,259 ing day, total.. . thous. 19,926 Con sum. I00# cotton .. .do. . S p i n d l e hours operated, all fibers, total 7.1 . .mi 1 . hr . 12,353 501 Av. per working day.. do.. 11,608 Consum. I00# cotton 2/do. . 136.7 Operations as % of capacity Rayon and acetate: Shipments, dom producers'* FiJament yarn . mi 1 Ib Staple ( i nc 1 . tow) . do Stocks, producers', end mo.: Fi lament yarn . mi 1 Ib Staple (incl. tow) do.. r_l Revised. _j>/ Preliminary. # March 1953 data. J_/ Effective with February 1954, data are reported on a budgetary basis; they are not entirely comparable with earlier data which are as o r i g i n a l l y shown in the d a i l y Treasury Statement. 27 Data for A p r i l 1953 and March 1954 cover 5 weeks; other months, 4 weeks. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS PENALTY FOR PMVATE USE TO AVOID PAYMENT OF POSTAGE. $300 FIRST CLASS WASHINGTON 25, D. C. OFFICIAL BUSINESS Permit No. 1008 WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS
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