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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 29 1953 SELECTED BUSINESS INDICATORS BILLIONS OF KILOWATT-HOURS 10.0 (Ingots and Sta«l for Castings) ELECTRIC-POWER By UTILITIES 140 130 120 HO • 100 £ JUNE JULY i I i i I i i i i i i i I 1*1 i Ti i i i ! i i i ! i I i I i ! i i I M i I i i i i I i i i I i FEB. MAM. APR. MAY JUNE SECT. OCT. NOV. DEC. JAN. 1947-49-100 130 FEB. MA*. Af»M. MAY JUNE JULY AUO. SEPT. OCT. NOV. DEC. COTTON CONSUMPTION (DAILY AVERAGE) IOO L L 1 90 I95O .I I I I 1 1951 I 1 I 1 1 1952 1 1953 1950 WEEKLY BUSINESS May 17 Commodity prices, wholesale: Al 1 commodities Foods, processed STATISTICS 1952 ITEM I947-49«IOO.. do.. .. 97 2 Cotton, middling, 15/16", 10 markets 3/ dol. per Ib.. .384 Wheat, No. 2, hard winter (Kansas City) 3/....dol. per bu.. 2.42 99 Department store sales.... .1947-49*100. 1 nsured unemp loyment, tota 1 thous. . 1, 1 15 State programs . do 1 091 Finance; Currency in circulation 3/ m i l , of dol.. 28,524 Federal Reserve bank credit, total do.... 23,764 Member bank reserve balances do. . 19 953 Excess reserves, estimated do.... 861 Federal Reserve reporting member banks in leading cities; Demand deposits, adjusted ...mil. of dol.. 52,662 Time deposits, except Government. do.... 16,943 Loans and investments, total..... do.... 74, 157 U, S. Government obligations do.... 31,854 Commercial, industrial, and agr loans (gross)^ . .do. . . . 20,874 5,765 Failures, industrial and commercial .....number.. 154 Bond yields, domestic corporate (Moody 's) 3/ percent.. 3.15 1 Stock prices, 480 stocks (Standard and Poor s). 1935-39.100.. 183.0 Industrials, 420 stocks. ....do.... 198.4 Production: Bituminous coal 3/...., thous. of short tons.. 1,386 Electric power, by uti 1 ities,. m i l . of kw.-hr.. 7, 1 10 Motor vehicles (Ward's) number.. 119,939 Petroleum, crude 3/ thous. of bbl.. Stee 1 4/ 1947-49-100. . 130.9 754 373 1953 1952 1951 1 1953 May 24 Apr. 25 *l 1 1.6 *I07.9 *I08.6 *l 13.0 98 7 .387 2.44 105 1 078 1 057 **I09.4 **97.5 **I03.2 **! 13 3 87 8 .328 2.38 104 1,01 1 951 28,51 1 23,794 20 127 946 May 2 May 9 May 16 May 23 87 6 .333 2.40 1 14 979 922 109.9 99.0 104.5 1 13 4 88 0 .335 2.38 128 955 899 109.9 98.5 104.5 1 13 4 87 6 .334 2.38 106 109.9 98.2 104.4 1 13 6 88 4 .336 2.32 29,737 25; 395 19 476 -12 29,81 I 25,227 19,489 32 29,896 25,443 19,81 1 378 29,878 25,831 19,912 620 29,825 25,288 19,824 476 52 881 16,985 74,290 32,035 20,800 5,760 145 3.16 183.9 199 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 53,346 18,280 75,809 29,040 23,083 6,227 198 3.53 188.8 204 5 156 3.54 190.7 206.3 1,479 7, 146 117,783 1,500 8 016 182,595 6, 184 141.7 780 395 1,458 7 939 172,706 6, 183 140.8 781 397 1 475 7 897 167,632 6,242 140.6 765 382 1,521 7 959 165,611 6,267 140.6 780 387 132.8 762 370 151,561 140.1 J./ Data do not always cover calendar weeks. 2/ Tuesday prices, 3/ Daily averages. 4_/ Week ending May 30, 141.2. * Monthly Index for May 1952. ** Monthly index for April 1953. MONTHLY BUSINESS STATISTICS Earlier data are available In monthly issues of the Survey and the 1951 Statistical Supplement 1953 19 52 March Apri 1 January February March April BUSINESS POPULATION Industrial and commercial failures: Fai lures, tota 1... Manuf actur i ng and mining... Retail trade .. . , ... Wholesale trade..... ...... ..... Liabilities, total. Commercia 1 service, ........ Construction Reta i 1 tr ade . Wholesa le trade number. . do. . . . do.... do,... thous. of do!.. .do. . . . , do. . , . do. ... do. ... 691 49 86 132 348 76 27,273 1,180 3,378 8,452 9, 139 5, 124 739 63 85 154 361 76 31,082 1,387 3,506 12,213 10,423 3,553 693 48 86 140 344 75 27,520 1,765 3,748 10,585 8,497 2,925 113.4 104.6 III. 5 1 10.7 1 15.9 107.7 1 16.6 106. i 108.0 121.5 1 19.3 M2.5 107.5 329. 1 1 55.8 113.6 104 7 1/113.7 104.6 III. 5 109.0 115.0 i 15.2 113.9 104.6 113. 1 1 1!. 6 1 16.7 110.9 1 16.4 105.9 107.7 121. 1 1 19,4 112.4 107.8 129.3 1 15.9 0.714 .396 1.731 2.414 0.670 .454 1.573 2.530 0.668 .443 1.525 2.505 0.668 .495 i.540 2.551 0.659 .497 1.557 2.529 33.39 16.58 .564 .430 26.04 17.98 .477 .424 23.41 19.39 .432 .464 21.98 20.50 ,392 .479 21.50 21.88 .382 .323 53.67 .0471 .2420 . 1892 . 1950 3/1.580 2/54.73 .0498 .2420 . 1419 .1259 1.725 2/54.73 .0498 .2497 .1350 .1148 1,725 2/54.73 .0498 .2929 .1340 . 1103 1.722 2/54.73 .0498 .2990 .1268 . \ 100 1.737 50,097 1,597,517 1,243,870 35,475 1,075,868 866,950 34,56i 1,021,310 792,889 50,484 !, 347, 518 !, 054, 375 55,435 1,741,542 1,354,217 279,095 79,273 199,822 332,482 93,423 239,059 268,261 62,778 205,483 258,518 62, !7( 196,347 327,550 87,515 240,036 345,223 90,564 254,659 10,800 9,886 44 9,816 825 5,704 689 3,414 5, 187 4,323 47 4, 186 849 6,016 350 3,771 5,232 5,061 51 4,130 842 5,737 235 3,632 6,300 5,479 43 5,294 856 5,595 311 3,501 l!,870 10,502 56 10,719 993 6, 187 563 3,789 4,044 2,849 54 3,021 880 6,362 372 3,891 540.0 95.3 196.5 79 90. 1 60.2 24 1 53 9 12.0 548. 1 125.6 170.5 5.0 95.7 64.3 18.2 57.0 11.8 181.3 44.9 65.0 2.9 .9 42,0 6.9 15.5 3.2 1,251.1 81,4 821.9 86.9 46.9 89.0 57.7 40.3 27.0 561.2 103.5 190.1 7.3 105.0 63.8 30.6 50. 1 10.8 7 15 55 780 58 93 171 375 83 29,530 1,744 3,853 12,633 7,050 4,250 112.4 106.4 1 12.7 112.0 113.7 1 15.2 1 14.0 103.8 109.4 1 16.7 1 15.7 1 1 1.0 106.3 124.4 1 14.8 112.9 106 0 1 13.9 1 10.4 121. 1 1 14,8 1 14.0 103.9 108.7 1 16.9 1 15.9 72 148 371 69 29,232 4,563 2,485 13,046 6,905 2,233 647 39 78 130 334 66 23,309 868 2,735 9, 107 8,009 2,590 COMMODITY PRICES Consumer price index, ail items Appare 1............. Food Dairy products.. , Fruits and vegetables Meats, poultry, and fish.... Hous ing Gas and electricity Housef urn ish ings Rent... Med i c 1 a ! care. 1947-49-100.. do. . . . do.... .do. . . . ...........do.... do.... .do. . . ...do .. .do. ... do... , do. ... Reading and recreation. ...do. .. Tr ansportat i on. do. ... Other goods and services do.... Wholesale prices of selected commodities! Butter, 92-score (N.Y.) dol. per Ib.. 0.738 Eggs, extras, large (Chicago) ....dol. per doz.. .382 Corn, weighted average, 5 markets dol. per bu.. 1.637 Wheat, weighted average,. 6 markets do.... 2.436 Livestock and meats : Beef steers (Chicago) dol. per 100 Ib.. 33.41 Hogs, a l l grades (Chicago).... do.... 16.56 .560 Beef, fresh, steer carcasses, good (N.Y.). .'.dol. per Ib.. .448 Pork, fresh, loins, 8-12 Ib (N.Y.) do.... Metals and manufactures: Pig iron, composite , dol. per long ton.. 53.67 Steel, composite, finished dol. per Ib.. .0471 .2420 Copper, electrolytic (N.Y.) .....do.... Lead, refined, pig, desilverized (N.Y.)... do.... . 1900 Zinc, prime Western (St. Louis) do.... . 1950 Wool, raw, territory, fine, scoured (Boston) do.... 3/1.600 Ml. 3 S06.2 (24.8 m;7 110.3 1 15.5 107.4 1 16.8 106.5 108.0 121.7 1 19.5 112.4 107.7 529.3 117.5 toe: 8 1 17.0 106.5 107.8 I22.d 120.2 M2.5 107.9 129.4 117.9 CONSTRUCTION AND REAL ESTATE Construction contracts awarded, 37 States(F. W. Dodge Corp.): Total projects. number, , 45,041 Tota 1 .val uat i on. .,, thous of do 1 1,321,254 Bu 5 Idi ng, tota 1 do. , . .1,055,993 DOMESTIC TRADE Mail-order and store sales, tota 1,2 companies.. thous. of dol.. Montgomery Ward & Co.. .... .do. Sears, Roebuck and Co..... .do... FINANCE Federal Government finance: Receipts, Treasury, total Receipts, net..... m i l . of dol.. do.... Income and employment taxes....... do.... Miscellaneous Internal revenue do.... Expenditures, total ...do*. , 1 nterest on debt do. . . . National defense and related activities do.... Stocks, cash dividend payments publicly reported: Total, dividend payments do.... 1,202.7 Finance , , , , .do. 75 7 Manuf actur ing do. . . 808.2 89 6 Communications do.. 39.2 Heat, light, and power do,... 74.9 Railroad do ... 50.7 Trade , . ..do 38.4 26.0 £/ Revised. J_/ Index on base previously used (1935-39*100) is 190.1, 2/ See note on corresponding item in the May 1953 Survey, 3/ Norninal price. MONTHLY BUSINESS STATISTICS—Continued Earlier data are available In monthly Issues of the Survey and the 1951 Statistical Supplement 1952 March 1953 Apri 1 January February April March FOREIGN TRADE . 1,447 1,434 1,352 1,342 1,276 1,265 1,196 1,184 1,378 1,369 188,038 177,190 64,346 160,104 844,001 157,666 138,352 56,433 161,775 827,554 134,465 109,465 63,590 106,691 850,688 1 10,576 86,681 50,871 108,222 827,542 1 18,259 106,207 56,587 116,973 971,317 373,055 94,195 184,325 1,060,674 127,794 82,220 78,384 271,199 70,896 69,591 964,244 972,389 296,785 73,839 145,533 1,044,994 129,972 69,588 71,774 246,681 74,324 57,330 932,249 935,476 268,700 54,468 127,983 996,200 124,610 57,393 45,804 238,348 54,787 52,941 927,221 913,589 216,399 47,294 93,631 967,493 124,383 56,273 43,070 223,914 54,489 50,462 856,190 r 848, 274 292,479 172,712 91,061 206,663 172,561 235,974 190,486 85,464 225,958 175,707 208,540 175,810 76,306 221,835 165,788 234,071 207,899 106,064 242,996 200,958 408,324 115,585 75,927 41,832 37,711 527,152 129, 160 45,587 59,082 382,326 123,448 35,465 33,282 38,969 531,263 1 15,429 46, 106 65,112 335,265 121,604 28,816 31,237 r29, 129 513,014 1 19,714 43,841 57,929 405,850 150,361 33,458 44,450 30,011 586, 138 123,092 49,808 64,576 41,129 95,361 54,937 40,425 40,939 1,861 33,857 97,550 55,592 41,959 34,108 1,755 46, 161 84,263 52,686 31,577 35,349 1,815 45,013 77,701 56,948 20,753 40,320 1,892 46,837 64,238 54,592 9,646 56,224 2, 171 21,924 21,501 14,037 18,368 20,284 12,093 19,037 20,225 7,084 21,659 17,583 9,689 30,199 25, 169 14,909 1 10,938 41,594 69,344 124,670 44,287 80,383 107,729 42,960 64,769 106, 176 43,788 62,388 121,090 49,625 71,465 r73l r 1,765 r2,425 r2,075 r79l r 1,783 r2,436 2103 930 2,123 2,802 2,215 857 r2,006 r2,709 2,368 936 2,013 3, 163 2,319 do.... 8,032 21,451 18,082 3,369 6,642 19,592 16,487 3, 105 8,293 37,077 31,967 5,110 7,396 29,949 25,741 4,207 8,257 22,065 19,026 3,039 of short tons ...do.... 1,711 1, 172 661 1,614 1,205 659 1,333 1, 162 622 1,332 1,136 607 1,376 1,264 675 short tons. do ..do. .. 196,896 80,960 49,084 198,215 89,270 56,337 174,809 87,249 53,272 175,088 86,515 51,963 177,776 94,481 57,025 short tons. ..do.... do 173,694 131,997 32,118 175,075 134,325 33,549 167,21! 126,819 26,752 175,675 137,592 33, 156 182,181 141,873 34,364 48,943 39,161 41,040 39,329 38,225 41,820 47,295 37,678 52,760 45,423 38,811 58,949 47,993 44,361 62,371 Exports, including reexports, total 1 /....».... .mi 1 . of dol.» Exports of U. S. merchandise, total I/.. ..do.... By economic classes: Crude materials .thous. of dol.. Crude foodstuffs , do. . . . principal commodities: \gricultural products, total do.... Cotton, unmanufactured. .......... ............ ...do.... Automobiles, parts, and accessories J/, do.... Chemicals and related products I/...,. do.... Iron and steel -mi II products... . .......... ....do.... Machinery I/ ..... ........... .... .••••.....do.... Texti les and manufactures .. Genera 1 5 mports , tota 1.... do do. ... By economic classes: 300,590 Crude materials ...... ......... . ..............do.... 194,082 Crude foodstuffs. do. ... 93,378 Manufactured foodstuffs and beverages do.... Semimanufactures . ... . * do. . . 215,548 168,791 By principal commodities: 436,368 Agricultural products, total ... ... ..... ...... ..do.. . 138, 122 80,730 Rubber crude including guayule . do Sugar . .. . . do . . 43,698 33,850 536,021 Nonagr icu Itura 1 products total . do 132, 186 Nonferrous ores, metals, and manufactures do.... 44,960 Newspr int do. ... 55,513 Petroleum and products . do 250,491 45,064 1 14,364 1,118,851 151,579 66,609 46,799 269,816 62,407 58,572 1,004,200 991,987 CHEMICALS AND ALLIED PRODUCTS Alcohol, ethyl: Stocks total . .. In industrial alcohol bonded warehouses Used for denaturatjon. . ...do.... do.... ......... ......... . .do.... Alcohol, denatured: Production ........thous. of wine gal.. Stocks Paints, varnish, and lacquer: Trade sales . ...... do. ... ....... .do.. LEATHER Leather production: Calf and kip . .. .....thous. of skins Cattle hide. .... .... ....thous. of hides.. Goat and kid thous. of skins.. Sheep and lamb . ...... .... .do.... METALS AND MANUFACTURES Iron ore (Lake Superior district): Stocks, end of month, total. Castings, gray iron: Orders unf 5 1 led for sale Shipments, total. ..... . . . thous Castings, malleable iron: Orders, unf i 1 led, for sa le ............ Shipments total For sale.... .... ......... Castings, steel: Shipments, total For sale, total .... . Rai Iway specialties Lead, refined (primary refineries): Production. Shipments (domestic) do. . , . .do. ... £/ Revised. _[/ See note on corresponding item in the May 1953 Survey. 7,675 21,661 18,904 2,757 46,729 39,487 69,608 MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in monthly Issues of the Survey and the 1951 Statistical Supplement 195>3 195 2 March METALS AND MANUFACTURES - Continued Machine tools: New orders 1945-47-100. . 324.3 Shi pments . . . • do. . . . 299.5 Pumps, steam, power, centrifugal and rotary: Orders, new........ thous. of dol.. 5,925 April January Feb uary March 293.5 307 9 255.8 361 6 282.1 354.5 r323.3 r375 7 6,354 5,752 6,521 8 255 198,028 205,825 192,882 193,039 203,214 218,288 183,736 195, 133 202,458 217 073 259, 126 270,679 272,250 273,589 275 665 43,402 39,482 48,750 37,971 39, 353 37,602 51,634 38,561 47,379 40,515 1/80,655 45,910 42, 153 35,704 67, 167 44, 178 46, 157 38,931 59,802 41,600 4,921 !0, 169 4,831 10, 154 3 596 1 1,224 4 321 1 1, 134 99,093 87,096 18,724 92,553 81,819 17,917 1/96,796 1/86,221 1/18,408 1/105,897 1/93,963 1/20,202 6,727 7, 183 9,082 7,685 152,556 8, 133 9,527 143,512 8,378 9,366 141,746 8,772 7,575 149,069 8,804 7 748 7,020 9,754 6,670 9 425 Apri 1 277.0 373 1 PETROLEUM AND PRODUCTS Crude petroleum: Production. thous. of bbl.. Consumption (runs to stills).. do.... Stocks, end of month: Gasoline-bearing in U. S do.... Refined petroleum products: Fuel oi 1: Production: Distillate fuel oil do.... Residual fuel oil................ do.... Stocks, end of month: Distillate fuel oil do.... Residual fuel o i l ....do.... Lubricating oi Is: 4 210 1 1 , 250 Motor fuel: AM types: Gasoline and naphtha from crude petroleum do.... Natural gasoline and a l l i e d products do.... Sales of 1. p. g. for fuel, etc., and transfer 1/107,413 1/95,609 1/20,617 7,787 Stocks , gaso 1 i ne , end of month : Aviation gasol ine: Product i on , tota 1 Stocks, tota 1 do. . . . do. . . . 6,922 8,529 6, ! 16 7,633 153,315 9,416 8 268 7 34 1 9 QOO TEXT!LE Cotton : 2 / PRODUCTS Consumption...... . „.. ,.. .bales. Manufactures; Spindle activity (cotton system spindles): Active spindles, last working day, total ... .thousands. . Consuming 100 percent cotton ..do.... Spindle hours operated, a l l fibers, total. .mil. of hr.. Average per working day do Consuming 100 percent cotton do. .. Operations as percent of capacity..... Rayon and acetate: Shipments, domestic, producers1: Filament yarn m i l . of Ib.. Staple (incl. tow) do.... 1 Stocks, producers , end of month j Filament yarn.......... . do Staple (incl. tow) do.... -JTtK *)K \ QAQ C\KK OQTl Qf\(i "TiCC TJQ "7"7*> i -i* 21,159 19,885 9,040 452 8,478 122 20,910 19,613 10,607 424 9 948 j 15 21,680 20,3!4 12,282 501 I I 52| 136 21,622 20 277 10, !79 5 18 9 561 140 21,575 20 221 10,251 5 13 9 635 140 55.6 19 9 57.7 2| 6 76.7 24 i 70.9 18 5 21 9 101 7 18.0 99 i 18.9 64 0 18.8 62 9 16.4 62 3 16.1 905,07<l 21,259 19,926 12,353 CQ J 11 608 137 80.5 jr/ Revised. \J See note on corresponding item in the May 1953 Survey. 2/ Data for April 1952 and January and April 1953 cover 5 weeks? other months, 4 weeks. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $330 FIRST CLASS WASHINGTON 25, D. C. OFFICIAL BUSINESS Permit .No. 1009 WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS