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SURVEY OF CURRENT BUSINESS W E E K L Y SUPPLEMENT UNITED STATES DEPARTMENT OF COMMERCE BUREAU OF FOREIGN AMD DOMESTIC COMMERCE JL AVAILABLE ONLY WITH SU83GR5PTJOM TO SURVEY OF CURRENT BUSINESS MAY 3 0 , 1947 SELECTED BUSINESS INDICATORS STEEL INGOT PRODUCTION CRUDE OIL RUNS-TO-STILLS ELECTRIC POWER PRODUCTION (BILLIONS OF KILOWATT HOURS) (S935-39*iOOi (MILLIONS OF BARRELS-DAILY AVERAGE) 6.6 5.2 1945 ^j<^ - ^ 1947 4.8 V •-I94S V''\' \f 4.4 D * U MOT PLOTTSD 4.0 Mill •In ill MI liiiil.iflulliinl1.:lJii±l.u.iJ.il.L1 PRICES OF 354 INDUSTRIAL STOCKS MANUFACTURING EMPLOYMENT AND PAY ROLLS (1935-39-100) (UNADJUSTED, 1939-100) mOWSDAY CLOSE Snk.jp 1 1 1 1 1 1 1 I I I I i I I I I I 1 I i i i I 1945 1947 1946 1 1 1-1—1-1-1 J.I 1 1.1 1.1 1 1 L 1 M 1 I.I 1946 1947 WEEKLY BUSINESS STATISTICS-*/ 1946 1947 May 24 Commodity pricen, wholesale: All coLcaoditiaB 2/ 1926alOO..! farm products do.. .. Pood ..do..,. All other 2/ .do.... 28 commodities £/' August 1;>39=100.. 296.3 Cotton, middling, 15/l6", 10 markets 4/ dol. per lb.. .361 Wheat, Jfo. 2, hd.W'in.(X,G.)....dcl. per bu.. 2.69 Department store sales 1935"39= 100.. Insured unemployment, total oj thous.. State program* ., ..do.,.. Veterans' programs do.... i'lna-ice: Bank, debits, member banks ir. 101 civiess Total mil. of d o l . . 16,051+ flew York City.. d o . . . . 6,177 Currency in c i r c u l a t i o n ] * / . . , d o . . . . 28,114 federal Reserve bank credit, t o t a l . . . d o . . . . 22,071 147.0 176.9 lSl.l 132.1 296.9 146.7 176.3 l6l.li 131.7 299.7 2.64 273 2.66I 310| 110.7 137-2| 111.0 104.1 193.0 .363I M l,l44i 7601 110.9 137.9 111.5 104.0 192.4 .2?2| .275 19U6 19^7 May 171 May 10 May 25| May 18 2461 3.323 1,497 1,74S| 3,300 1,487 1,728 16,095 16,784 15,276 14,991 6,173 7,»+S9 6,873 6.711 26,139 28,190! 27,980 27.957 22,233 22,230! 23,132 23.252 May 24 Finance - Continued. Member bank reserve balances..mil. of dol. Excess reserves, estimated do.., Federal Reserve reporting member banks: Deposits, demand, adjusted..mil. of dol. Loans and investments, total do.., U. S. Government obligations jj..do... Commer., indus., and agr. loans..do... Failures, commercial nunber. Bond yields (Moody's) percent. Stock prices (402 stocks) 1935-39=100. Production: Bituminous coal 4/...thous. of short tons. Electric power (utilities)..mil. of kv-hr. Motor vehicles (Wards) 8/ number. Petroleum 4/ T....thous. of bbl, Steel 2/ 1935-39-100. Freight carloadings, total...thous. of cars. Miscellaneous do... May 17 May 10 May 25 May IS 15.877 15.505 700 663 15,652 916 39>3 39.316 38.727 5M93 34,'506 55.035 64,160 34,544 45,965 38,3*8 64,071 45,371 7,46l 16 2.71 152.9 15,942 15.949 768 807 39,723 34,580 10,859 10,849 7.467 10,762 88 21 98 102 2.78 2.71 2.79 2.80 113.8 118.3 155.1 113.2 2,162 1.279 2,193 4,6l6 4.653 3,942 96,408 83,201 94,756 53,020 5,008 5.005 4.759 issiu 184.7 177.6 97.1 884 888 572 250 387 383 1.^93 39 .48,565 'P 4,751 96.5 688 3O8 1/ Data, ao noc always cover calendar weeks. 2/ See note in January 1, 1947 issue. %/ Thursday prices. 4/ Daily average. 5/ No quotation. 6/ For descriotion see noto in July 13. 1540 issue. Jj Direct and gaarantsad. 8/ Data tire for U.S, and Canada and include passenger cars, commercial cars, and trucks. 0/ W e e k ending May 31, 1S7.0. M O N T H L Y BUSINESS STATISTICS Earlier date are available in monthly issues of the Survey and the 1942 Supplement 1947 1946 April 1947 February March Earlier data are available in monthly issues of the Survey and the 1942 Supplement COMMODITY PUi'CES COMMODITY PRICES - Continued wholesale prices (U,.S. Department of Labor): Combined" index l/ 1926-100. . Economic classes; Manufactured product9 1/ do.... Raw materials .do... . Semimanufactured a n idea do..... Farm products ,, do.... Grains.., .do..... Lireetock and poultry .' do.... Commodities other than farm oroducts 1/ 1926=100.. Foods do Cereal products de.... Dairy products.. do.... Fruits and vegetables do.... Meats do.. .. Commodities other than farm crcdacts and foods 1/ ".. .1926-100.. Building materials .do Brick and tile .do Cement ... ...do.,.. Lumber do.... Paint and paint materials do.... Wholesale prices - Continued. Commodities other than farm products and foods 1/ - Continued. Chemicals end allied products.1926=100. Chemicals do... Drugs and pharmaceuticals do... Fertilizer materials do... Oils and fats do... Fuel and lighting materials do... Electricity do... Gas do... Petroleum products ..do... Hides and leather products do... Hides and skins do... Leather do... Shoes do... Housefuraiehings do... Furnishings do. . . Furniture do... Metals and metal products 1/ do... Iron and steel 7. do... Metals, nonferroue. do... Plumbing and heating equipment..do... rj Revised, 147-7 .110.2 rl44.5 rl^9.5 141.9 160.1 144.5 177.0 199.8 199.2 105.5 122.2 101.1 135.4 137.0 135.1 rl39.7 154.9 142.1 17C4 171.1 201.5 rl43-3 I&3.2 115.9 182.6 203.3 21b, 0 141.0 162.4 154.1 148.8 142.2 196.7 104.5 110. s 99-4 116.3 13s. 2 110.3 r!38.6 162.0 141-3 161.8 134.2 199.5 rl42.1 io7.& 150.4 157.6 141-5 207.3 131.8 173.8 134.5 114.0 273.5 175.5 103.3 126.5 119.9 102.4 171.4 108.0 rl28.5 174.8 132.3 109.9 2&3.6 173.9 r131.1 177.5 132.4 112.3 269-3 176.1 (a) Data not availablt. i/ See note 1 on next page. 1947 1946 April April 133.2 119.5 181.0 101.2 220.1 103.4 96.1 97.1 112.4 81.9 102.1 86.1 W (a) 86.3 166.4 178.1 158.0 172.1 127.4 134.4 120.0 140.3 127.6 141.0 118.2 66.6 79.7 62.8 119.8 117.6 104.0 128.6 107-5 112.1 102.9 108.8 107.4 87.I 100.8 1947 February 129.3 H3.8 182.5 99-2 214.3 97.9 65.7 84.3 76.6 173.8 191.4 181.1 171.5 124.6 129.6 119.5 rl37.9 . 125.0 131.3 117,-1 March 132.2 114.5 182.7 101.3 23L5 rlOO.7 U) 84,9 81.7 174.6 192.2 153-7 171.5 125.s 131.4 120.0 1-139-9 126.9 139-0 117.9 M O N T H L Y B U S I N E S S S T A T I S T I C S - Continued Earlier data are available In monthly issue* of the Survey and the 1942 Supplement 19*7 1946 April April 19*7 February March 139.2 133.0 194.7 100.8 69.*4 129.1 115.7 73.0 152.5 6.33* .25S 107.9 U7.4 137.6 75.5 30.2 (a) 112.7 95.7 73.0 113.9 138.0 132.7 193.7 100.0 37.0 80.2 121.9 110.9 73.0 143.4 5.454 .13* 6.230 .272 139.6 196.6 100.8 37.0 73.2 127.5 115.3 73.0 145.1 6.249 .277 .3513 .2770 0331 .3515 51.?5 .227 .631 .425 23.09 .114 •*73 •333 52.^6 .248 .709 • 378 53.37 1.69 2.62 1.11 1.76 1.31 2.28 1.59 2.67 13.17 6.55 11.62 13.66 •M .418 .220 .155 .231 22.93 23.49 16.56 14.81 21.94 25.70 23.30 27.10 .370 .508 .203 .266 .362 .509 .371 .505 62.230 38.220 58.800 60.270 69.510 52.710 46.029 39.150 r72.530 48.510 71.460 50.990 33.81 .0329 .0250 33.05 .2123 .1500 .1050 26.67 .0301 .0235 18.75 .117s .0650 .0825 30.86 .0329 .0250 31.63 .1935 .1316 .1050 33.55 .0329 .0250 36.69 .2091 .1496 .1050 1.810 .172 .081 1.225 1.190 .145 .059 .995 I.560 .161 .080 I.I65 1.710 .167 .060 1.195 1946 April 1947 February March 41,708 15,373 853 l,66l 3,722 • 8,551 6,122 5,426 39,908 14,045 542 1,356 3,991 8,329 5,984 5,661 r4l,858 rl5,483 rSSO rl,502 4,012 8,507 6.107 r5»367 r42,066 rl5,512 r67S '1,555 r4,022 rS,564 r6,120 138.5 155.9 140.7 119.9 177.9 186.1 170.0 162.3 160.5 317.6 303.9 293.I 306.9 153.* 123.8 74.7 116.3 98.4 131.1 124.8 102.8 112.0 153.8 180.1 157.5 124.4 232.0 223.5 190.3 161.1 196.6 298.3 357.6 321.8 204.4 188.9 142.3 154.0 181.0 158.1 124.2 231.3 225.1 190.6 158.4 198.2 297-2 355.3 31^.9 203.4 168.0 145.4 8I.3 Employment (U. S. Department of Labor) - Con. Production workers,»fg. ,unadj.2/-Continued. Nondurable goods - Continued? Printing, publishing, etc.2/.1939=100.. Newspapers and periodicals .do Printing, book and j o b . . ..do.*.. Chemicals and a l l i e d products 2 / . d o . . . . Chemicals do.... Products of petroleum and coal 2/do.... Petroleum refining do.... Rubber products 2/ do.... Rubber tires and inner tubes...do.... Honmanufacturing employment, unadjusted: Mining: Anthracite 1939^100.. Bituminous coal.... do.... Metalliferous do.... Qparrying and nonmetallic .do.... Crude petroleum and natural gas....do.... Public utilities: Electric light and power do.... Street railways and busses do.... Telegraph do. ... Telephone do.... Services: Dyeing and cleaning do.... Power laundries do.... Year-round hotels do.... Trade: Retail, total do.... Wholesale. do..,. 128.4 (a) (a) 118.5 108.1 122.2 187.1 169.6 141.9 133.7 179.1 192.8 128.1 115.6 131. u 197.1 176.6 146.0 135.2 198.2 201.2 61.4 20.3 62.9 93.8 91.8 82.9 90.4 87.6 97.1 91.7 97.7 127.0 119.8 163.5 103.2 131.1 101.8 .1S6>9 130.3 110.0 U8.9 117.0 109.5 117.7 110.5 111.0 109.0 106.7 109.6 111.9 102.63 IO3.O6 76.42 10^.89 104.25 82.88 102.86 103.27 77.20 137,219 135,044 2.17U 140,833 139,172 1,662 138»519 136,143 2,375 143,904 141,936 1,969 137,106 134,956 2,150 141,033 139,373 1,660 64,520 1.794 80,943 1,645 68,83* 1,7* 1.^38 679,933 ,60,737 697,129 128,445 1,226 431;517 75,865 718,345 105,369 I.U34 631,697 57,380 745,090 138,683 27,493 416,270 19,716 25,452 484,318 20,023 26,338 446,042 17,389 53,424 48,995 50,568 44,834 26,7?3 23,766 22,726 23.9U1 41,758 28,108 44,053 41,210 49,638 3,638 2,803 3,506 369,490 376,305 126,566 337,862 348,103 119,067 341,268 319,831 134,668 ?97,46l 71,933 73,988 258,-984 67,064 67,698 258,424 62,802 65,226 8,9?5 215.995 68,773 6,618 201,776 56,332 11,936 224,i»53 69,466 21,805 10,243 428 121.7 21,964 9,147 384 109.9 21,954 9,590 402 125.6 thousands*. 4o.... do.... do.... (a) r6,88l r6,978 rl,104 r3,4l2 7,915 7,360 2,138 3,865 do.... do.... do.... (a) (a) (a) r6,l43 16,136 r4,263 7,841 6,289 6,621 FINANCE Bonds: Average price of all listed bonds (New York Stock Exchange) dollars.. Domestic do.... foreign do.... Value, issues listed on K.Y.S.B.: face value, all issues mil. of dol.. Domestic do.... foreign.* do.... Market value, a l l issues do.... Domestic do.... Foreign do.... Stocks: Shares l i s t e d , New York Stock Exchange: Market v a l u e . . . . . . mil. of d o l . . Number of shares listed.. millions.. 19 & "ft (a) 82.2 V (a) 104.9 130.9 (a) (a) 121.1 109.0 117.9 FOODSTUFFS AND TOBACCO EMPLOYMENT CONDITIONS AND WAGES Employment (U.S. Department of Labor): Employees in nonagricultural establishments: Unadjusted, total thous.. Manufacturing do.... Mining do.... Construction do.... Transportation and pub.utilities..do.... Trade do.... financial,, service, and miscl.....do.... Government do.... Production workers, all manufacturing, unadjusted 2/ 1939*100.. Durabl e goods 2/ do.... Iron and steel and their prod. 2 / . d o . . . . Blast furnaces,steel w o r k s , e t c . . d o . . . . Electrical machinery 2/ do.... Macninery, except electrical 2 / . . . d o . . . . Machinery and machine-shop p r o d . d o . . . . Machine tools do.... Automobiles 2/ do.... Transportation equip.,exc.autos 2 / d o . . . . Aircraft and parts ( e x c . e n g i n e s ) . d o . . . . Aircraft engines... ..do.... Shipbuilding and boatbuilding...do.... Nonferrous metals and products 2/.do.... Lumber and tiaber basic products 2/do.... Sawmills . do.... furniture and fin. lumber prod.2/.do.... furniture do.... Stone, clay, and glass products 2/do.... nondurable goods 2/ do.... Textile-mills products, etc. 2/...do.... Cotton tnfra.,except small wares.do.... Silk and rayon goods ...do.... Woolen and worsted manufactures.do.... Apparel and other fin.tex.prod.2/.do.... Men's clothing 2/ do.... Women's clothing 2/ do.... Leather and leather products 2/...do.... Boots and shoes do.... food and kindred products 2/ .do.... Baking do.... Canning and preserving do.... Slaughtering and meat packing..*do.... Tobacco manufactures 2/ do.... Paper and allied products 2/ do.... Paper and pulp do.... 194? April EMPLOYMENT CONDITIONS AND WAGES - Continued COMMODITY PBICSS - Continued Wholesale prices - Continued. Conmod.other than farm prod.,etc.JL/-Con. Textile products 1926=100.. Clothing .. do.... Cotton goods do.... Hosiery and underwear.... do.... Rayon.. do.... Silk do Woolen and worsted goods do.... Miscellaneous do.... Automobile tires and tubes do.... Paper and pulp do.... Wholesale prices of selected commodities: Coal, bituminous, mine rltn, composite dol. per short ton.. Coffee, Santos, Ho. 4 (N.Y.)...dol. per lb.. Cotton, middling, I5/I6", average, 10 markets dol. per lb.. Cotton cloth: Mill margins cents per lb.. Print cloth, 64 x 60 dol. per yd.. Butter, 92-score (Hew York)....del. per lb.. Eggs, U.S. standards (Chi.)...dol. per doz.. Grains and grain products: Corn, weighted avg., 5 mkts..dol. per bu.. Wheat, weighted avg., 6 markets do.... Wheat flour, standard patents (Minneapolis) dol. per bbl.. Aides, packers', heavy, native steers dol. per lb.. Livestock and meats: Beef steers (Chicago)....dol. per 100 lb.. Bogs, all grades (Chicago) do.... Beef, fresh, native steers (Chicago) dol. per lb.. Pork, fresh, loins, 6-10 lb.(Chi.)..do.... Lumber: Douglas fir, dimension, Ho. 1, common, 2 x 4 - 16 dol. per M bd. ft.. Southern pine, boards, Ho. 2, common, l"x 6wor 8"x 1 2 ' . . d o l . per M bd. f t . . Ponderosa pine, Ho.3, common,lHx S r f . d o . . . . Metals and manufactures: Pig iron, composite,...dol. per long t o n . . Steel, composite, f i n i s h e d . . . d o l . per l b . . Structual s t e e l (Pittsburgh) do.... Steel scrap (Chicago)..dol. per long t o n . . Copper, electrolytic (N.Y.L.dol. per l b . . Lead, r e f . , p i g , desilverized ( H . Y . ) . d o . . . . Zinc, prime. Western ( S t . L o u i s ) . . . . d o Petroleum and products: Crude petroleum (Kansas-Oklahoma),at wells dol. per bbl.. Gasoline, tank wagon (N.Y.).dol. per gal.. Sugar,refined,granulated(H.Y.).dol. per lb.. Wool, raw, territory, fine, scoured...do.... Earlier data are available in monthly issues of the Survey and] the 1942 Supplement 152.5 180.2 157.8 (a)l 216.7 *%r (a)J 198.7 302.5 (a) 8 : 185.1 149.4 (a) 13 tf 145.4 130.6 i 106.8 (a) 1 (a) (a) 13 & (a) 102.7 (a) 123.I (a) (a) 83.8 144.4 (a) £i 126.7 87.4 80.1 IO3.3 88.5 121.6 l Vd 115.2 90.8 136.0 119.3 79.8 134.6 111.1 144.5 133.0 109.1 119.1 79.6 108.6 141.7 125.3 153.5 104.9 90.2 124.2 105.7 60.8 123.5 95.4 145.9 125.7 r5M5 13*.3 110.2 1*5.3 132.8 108.6 118.7 79.5 105.9 141.9 125.2 15*.5 104.5 89-9 123.5 106.2 57.1 119.1 92.2 l%-9 125.5 Meats, production, total mil. of lb.. Beef and veal thous. of lb.. Lamb and mutton do. Pork, including lard do.... Lard do.... Tobacco, manufactured products: Consumption (tax-paid withdrawals): Small cigarettes millions.. Large cigars thousands.. Mfd. tobacco and snuff thous. of lb.. METALS AND MANUFACTURES Lead, refined: Production, total short tons.. From domestic ore do. <.. Shipments do.... Stocks, end of month do..,. Machine tools, shipments......thous. of dol.. Pumps, steam, power, centrifugal and rotary: Orders, new .thous. of dol.; 26,'765 PAPER AND PRINTING Newsprint, Canada: Production short tons.. Shipments from mills do.... Stocks, at mills, end of month.» do.... Newsprint, United States: Consumption by publi shers do.... Production »i do.... Shipments from mills do.... Stocks, end of month: At mills do At publishers do.... In transit to publishers »..do.... TEXTILE PRODUCTS Cotton spindle activity: Active spindles thousands.. Active spindle hrs.,total...mil. of hours.. Average per spindle in place hours.. Operat ions percent of capacity.. RUBBER AND RUBBER PRODUCTS Tires and tubes: Pneumatic casings: Production Shipments Original equipment Stocks, end of month Inner tubes: Production Shipments Stocks, end of month ., 1. 1/ Motor vehicles are included at current prices beginning October 1946; April 1942 prices were carried forward in earlier computationa. r i l 1947 }»»•*;• calculated with AprTi l ^ m p t o r vehicle prices: All commodities, 145.3; manufactured products, 138.9; commodities other than farm uroduete 138.8? comaodit l e s other than farm products and food.,- 126.9; - e t a l . and metal products, 126.9. 2/ Data revised, see note on payroll s e r i e s in Weekly S u p p l e m e n ^ t e T ^ % , 1947. 4ti(
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