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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 30 1952 SELECTED BUSINESS INDICATORS BILLIONS OF KILOWATT-HOURS 1938- 1939 • 100 300 9,0 250 8.0 200 7.0 150 6.0 STEEL PRODUCTION (Ingots and Steel for Castings) IOO I i » i I » i i 1 JAN. ! t i i I! i i i Ii i i Ii i iIi iii Iiii Iii i1 t i ii 1 i i i I ELECTRIC - POWER PRODUCTION By UTILITIES 5 o I i i i I i i i.l i i i i I i i i I i i i i I i M I i i i i i Ii Ii Ii 1i Ii Ii Ii !i Ii I> " FE8. ""- ftUS. ---SEPT. I I I j I I I 1I OCT. NOV. DEC, HOURLY EARNINGS and HOURS in MANUFACTURING J40 40 100 1949 1949 1952 1950 WEEKLY BUSINESS 36 I960 1951 1952 STATISTICS1 1951 1952 TTFM May 26 May 19 Commodity prices , wholesale (revised series): 28 coaaodities 2/. ....»«.«.«».««....«.*. ..August 1939=100.. Cotton, middling, 15/16", 10 markets 2/«......dol. per lb«« Wheat, Ho. 2* hard winter (Kansas City) 2/....dcl. P61* b&«* CGiHQerci*O t Industrie, an$ flgr* loans (gross ).eado.«o. Bond yields , domestic corporate (Moody* s ) j/ . •percent* Stock prices, 416 stocks (Standard and Poor's). .1935-39=100. Production: May 10 May 17 •m,* 107.9 108.3 11?.9 vn .* 296.7 .387 2.48 117 295.9 .384 2.42 99 28,439 23,632 19,940 7% 28,544 24,067 20,034 970 28,524 23,764 19,953 865 28,325 11.804 52,153 73,076 31,216 20,872 168 3.16 1B1.9 197.4 28,271 11>671 52,303 73,333 31,456 20,7% 150 3.16 179.8 1914.6 28,224 11,813 51,887 73,168 31,389 20,723 161 3.16 183.6 199.0 ?*,1?1 10,425 51,955 73,230 31,397 20,707 154 3.15 183.0 198.4 1,625 7,135 124,832 6^277 233.8 1,429 6,949 118,326 6,203 l^TI.? 745 366 1,338 7,039 120,190 1,392 7,065 119,939 198.9 720 357 235.5 754 373 362,4 .452 2.34 100 9147 929 294.0 .385 2.48 HI 1*146 1,118 27,307 23,913 19,072 766 27,281 23,411 18,606 291 28,367 23,973 19,875 792 26,106 9,741 49,350 69,582 30,425 19,233 171 3.09 172.4 187.4 25.305 9,284 49,865 69,493 30,382 19,129 191 3.10 169.0 183.6 1,606 6,559 346,292 6,094 232.7 809 397 1,623 6,653 150,748 6,081 232.0 812 *96 I/ Data do not always cover calendar weeks. 2/ Thursday prices, for Ifey 1951. »* MonthOy index for April 1952. Ifey 3 wnii.Q «*108.7 **108.Q **113.4 293.2 .400 2.49 105 1,161 1,133 •115.9 *115.7 *112.3 *116.8 367.1 .452 2.37 99 975 957 Finance t Federal Reserve reporting member banks in leading cities: Apr. 26 779 376 108.3 10B.7 119.3 May 24 112.0 110.6 108.7 113*0 297.7 .387 2.45 28, 511 23,794 20,127 941 lit 913 3.16 183.9 199 / 118,438 238.9 Daily averages, tf Week ending May 31, 238.0. * Monthly index MONTHLY BUSINESS STATISTICS R»rllftr data are avnllablft in monthly Isffuaa of the Surrey and the 1951 Statistical Supplement 1952 19 51 April March January February larch April BUSINESS PORJIATION Industrial and seaassrcisl failures: Retail tTade**.. ....... *.,.. .do.,*. 732 69 83 115 377 88 17,652 1,17*> 3,292 5.169 5,605 2.211 693 52 81 119 365 7£ 17,064, 1,055 2,268 5,894 5.647 2*200 671 50 68 143 34B 62 £6,206 /v,249 2,672 8,365 7,761 J; 5fil6l 619 52 TO ITS 304 60 19,474 1,64,9 1,915 5*614 6,548 ^.723 715 55 72 148 371 69 29,232 4*563 2,485 13,046 6,905 2,233 780 58 93 171 375 83 29,530 1,744 3,853 12,633 7,050 4,250 184,5 203,1 226.2 2B7»*> 204.6 217.1 272.2 M4.2 97.2 205.0 210.7 13&.7 164.3 1&U6 20^.6 225*7 189>1 ;s?4,6 188.0 20% 5 227*6 191.2 215.7 145.3 97*9 206.8 207,6 140,5 170.7 3/188.7 202.7 230.0 191.1 212*6 247.2 266*7 145.3 98.0 206.1 206*2 140.8 171.1 COJ4MODITT PRICES Fuels, electricity, and refrigeration •••••••••••••••••do.... 204. i 234*8 272,6 144.0 %«9 205.0 211 «8 135.1 164.6 U5.0 97.6 206.8 209,1 169,6 1JS7«9 SOft.^3 227.5 1%,9 217.0 223*5 3T1.1 U5.3 97.9 206.7 208*6 140.2 170.2 49,4% 4S,376 1,374,991 1,267,450 1,108^69 1,043,823 1*406,456 / 1,04*4,434 31*842 902,091 695,397 1,196,796 33,767 885,206 69793&2 783,429 45,QU 1,321*254 1,055,993 71,052,851 50,097 1,597,517 1,243,870 1,180,340 380 378 m 379 406.1 549*3 ,407*2 550.6 r4£7>9 ma O3.4 557.1 ^,%B 1^4»t)S6 8,025 :!47*902 7*£55 132,616 'I8e*i 232 o4 190*6 215*8 afi.1.4 :r?'ui r*9*7 232.1 267*7 CONSTRUCTION AND REAL ESTATE Contract awards: 37 States (P. W. Dodge Corp*)s Construction cost indexes: 376 Engineering News-Record; jj ! r400.1 7^.0.0 ! 376 ! ? 401.1 54:^.9 DOMESTIC TRADE Money orders, domestic, issued (50 cities): 5,536 124, ?77 7,18? 128,681 7,2ft« 130,038 41*1 41.9 40*0 64*57 69^0 58*40 1.571 1.654 1.667 1.369 1*387 1.540 1.797 41.0 42.0 39.7 64*70 69*63 w-vO.8 7,41,8 739,5 766.91 r7?,.15 1*578 1.659 1.662 1*424 1.386 1.546 1.796 r6ofr04 rl«640 rl*726 rl.74D il»422 rl»442 rl.585 rl.852 1.652 1.745 1.582 1.838 1*599 1.402 1.460 1*442 1 «,H2 1^317 1.264 1.514 1.947 1.612 1.944 1.647 1.269 1.655 1*749 1.588 1.829 1.613 1*405 1.465 1.4&8 1.157 1.325 1*232 1.519 1.948 1.623 1.974 1.649 1*278 rl.7DO 1.818 pl.676 rl*915 rl*687 1,462 1.520 rle524 rl»179 rl.347 rl.209 71.562 r2.002 71.660 P2.021 rl.SU 71.290 EMPLOYMENT AND WAGES Hours and earnings: Average weekly hours per worker, all wmuf aoturing., hours*. Average hourly earnings, all manufacturing.. ».....*.«do..«» Lumber and wood products (except furniture) *,*•». do* *•* Fabricated metal products (except ordance, machinery* Miscellaneous Manufacturing industries do«,«* Apparel and other finished textile products do*... Printing* publishing, and allied industries...* ..do*... Products of petroleum and coal......... ..do.... *aa& »40.7 »U.7 ?39.4 766;9l ^72.18 r59.97 71.6U 71.731 rl*760 rl«451 1.451 71.593 rl.8U A&0.6 41,6 r39<,3 . 167.19 r72*55 r60,09 rl*655 ^1*744 71.779 rl*467 rl*469 71.603 71*848 P40.0 1*1*1 P3«*5 p66*24 p71*a4 P58.71 pl.656 Sl.748 pl.770 pl«493 pa*463 ja.607 rl*?08 71.828 71.682 7l.9fc8 71.695 yl*477 1^522 rlo531 71.186 1*348 rl.293 71.567 72.019 rl.660 r2.012 rl*715 rl.841 1.695 71.934 rl.709 rl.482 71.529 rl*544 1.199 rl.347 rl.283 71.580 72.038 71.673 72.015 rl.809 71.305 pl*721 ?1.836 pl.699 pl*947 pl.700 pl*483 pi* 525 pl,546 pl.191 pl.337 pl.239 pi. 577 P2.033 pl.681 71.811 rl.300 pi*aa pe.on pl.794 pl.310 r/ Rerlsed. £/ Preliminary. I/ Index on old basis for April is 189.6. 2/ Data for March 1951 and Janu&ry 1952 are for 5 weeksj other months^ 4 weeks, jj Data reported at the beginning of each aonth are shown hinre for the prerioua aonth. MONTHLY BUSINESS STATISTICS —Continued Earlier data are available In monthly issues of the Survey and the 1951 Statistical Supplement 1951 March 1952 April January February March April FOREIGN TRADE Exports, including reexports, total j/., .mil. of dol** Exports of U. S. merchandise, total ^/**. •••••••••*. •••do**.* Bjy economic classes: 1,285 1,266 1,370 1,353 rl,250 rl,238 rl,330 rl,317 173,226 123,998 75,166 131,429 762,295 228,512 163,562 82,412 134,549 743,804 P255,350 rl28,136 r60*406 r!37,168 r656,815 228,045 r!29,265 74,126 138,742 r746,658 188,112 175,216 63,892 159,901 815,686 332,396 83,756 130,715 933,716 Automobiles* parts, and accessories l/..«.*.«..««do«».. 107,816 79,012 55,384 223,846 56,260 85,530 rl,101,500 rl,035,090 By economic classes s r309,535 r233,935 Manufactured foodstuffs and beverages, .««•««.* do.**. r93,H6 r228,530 169,974 By principal commodities 2 r538,978 153,040 74,347 40,626 r84,933 r4%,l!2 Nonfwrrotis ores, metals, «n£ :itt&ttfactures.«««..*«do*««» r77,015 31,209 U,057 50,601 419,984 117,761 177,297 r932,854 110,488 82,929 48,125 227,414 58,584 79,036 r-1,033.000 r966,C08 rj/7,024 148,921 r!30,235 r860,850 r77,987 r76,!63 62,962 r213,309 r65,049 r56,162 921,638 r934,8% r377,502 132,039 r!45,609 r939,333 100,542 78,617 63,080 r240,606 64,207 59,888 892,100 r901,031 370,668 94,236 181,897 1,032,138 109,743 80,104 78,910 262,594 71,264 69,462 962,500 971,630 337,649 r!59,590 89,546 r2!6,oa rl63,lB3 269,233 193,779 r79,333 r205,092 167,459 269,834 207,047 r75,5U 186,323 r!62,3l6 300,122 193,305 92,7U 216,172 169,317 r479,068 96,645 73,232 39,717 105,037 r486,940 69,182 29,240 39,356 r51,428 r437,299 134,047 80,393 25,987 37,906 r477,597 65,594 33,447 r6Q'4$ 439,207 153,943 73,821 29,394 33,648 r46l,823 75,677 31,727 43,246 53,717 434,935 138,108 80,730 43,382 33,850 536,6% 132,573 29,326 44,960 55,321 8,801 33,010 5,605 787 28,407 1,537 576,081 36,529 924,237 175,502 9,703 25,664 8,263 1,510 48,928 1,479 537,799 32,603 908,712 173,137 9,710 44,823 6,420 741 26,284 1,977 656,307 50,536 1,269,791 248,037 9,481 32,248 5,826 636 29,072 1,715 593,420 48,986 1,072,252 220,934 7,787 27,248 6,805 864 24,341 1,656 557,237 48,201 1.050,706 213,346 40,570 564,059 164,129 534,673 529,584 1,724 34,751 567,747 171,703 32,439 293,390 40^217 24,680 692,525 221,145 524*305 1,818 84*442 364,959 72,083 581,3% 573,699 1,613 lU?3 r86oj405 1,241 7,372 17,335 14,919 2,417 7,235 15,072 13,258 1,813 7,527 35,927 30,369 5,558 7,229 29,207 24,693 4,5U 8,022 21,451 18,082 3,369 1,440 818 2,390 1,363 767 2,337 1,199 694 1,801 1,155 655 1,766 1,172 661 1,711 270,091 r!02,173 r60,771 6,016 279,561 97,921 58,199 5,888 202,799 87,003 54,988 6,040 193,061 82,898 50,129 5,785 196,896 80,960 49,034 6,300 rlS2,765 134,184 43,320 181,908 129,059 40,818 183,738 139,488 36,650 r!74,626 r!33,602 31,317 173,694 131,997 32,118 50,701 50,927 27,259 44,362 42,033 29.437 43,746 40,390 28.578 44,133 41,291 31.297 ruc£o Manufactured foodstuffs and beverages.. *•»»»*«««. ..do**** By principal commodities: 1,416 FOODSTUFFS Grninft; RreeS.pt a, principal sasrketsJ Sugar, U* Sa, deliveries i&ad eupply (raw tfilu©): Stocks, 3fsv and x-ofined, end of mo»#,thous» of short tons*. 7,194 IB, 316 6,602 480 22,191 1,557 556,992 45,703 944,623 191,803 596,991 180,047 642,125 639,682 MRIAI3 ATO MNHUEIC1QRES Iron ore (LaV.« Superior district): Castings, gray Iron* Castings, malleable iron: Castings, steel: Lead, refined (primary refineries): r/ Itarlfled. ]/ See note on corresponding item in the May 1952 Survey. 48,943 39,161 6,616 19,592 16,487 3,105 5,225 39,329 38,225 41.&20 MONTHLY BUSINESS STATISTICS—Continued Earlier data are available in monthly issues of the Survey and the 1951 Statistical Supplement 1952 1951 March April January February March April METALS AND MANUFACTURES - Continued Boilers, radiators and convectors, cast iron: Boilers (round and square): Radiation: Shipments** ••«••••««••.• •«••«••••• •••••thous* of sq. ft*. Oil burners: Orders, unfilled, end of month • ••••• number** 19,456 57,400 12,898 67,150 11,318 73,039 10,211 77,267 9,161 81,800 4,658 3,717 3,550 4,842 2,784 8,382 2,226 8,702 2,074 8,893 56,894 55,421 69,485 53,729 46,877 75,071 40,256 45,748 77,518 36,789 37,792 80,775 39,163 40,038 81,408 590*3 158.9 516.1 157.7 347.8 266.6 318.8 279.6 r324«3 r299.5 187,624 200,535 183,800 185,488 192,712 205,829 184,654 193,524 198,028 205,825 233,824 243,1^0 254,007 255,900 259,126 41,129 41,771 35,139 36,908 45,141 41,483 44,314 38,352 43,402 39,482 42,978 37,516 U,736 36,910 3/66,%9 i/39,523 55,369 38,295 48,750 37,971 5,108 8,209 5,175 8,393 4,%3 9,856 4,456 10,049 4,921 10,169 93,378 82,140 17,780 87,319 76,826 16,708 98,551 87,446 19,058 93,134 r82,052 18,070 99,093 87,0% 18,724 133,465 7,991 8,109 130,501 8,687 8,522 136,161 8,178 7,8% 143,910 8,002 8,585 152,556 8,133 9,527 903,041 985,227 922,559 768,889 736,535 847,444 21,134 19,903 12,447 505 11,699 1?6 21,360 20,102 11,399 465 10,686 126 21,126 19,854 9,265 471 8,6% 127 21,159 19,885 9,040 452 8,478 122 20,910 19,613 10.607 424 9,948 115 Machine tools: P294.4 P309.7 PETROLEUM AND PRODUCTS Crude petroleum: Stocks* end of month: Refined petroleum products: Fuel oil: Reduction : Distillate fuel oil ..........•••.••••.••••...•••do.... Stocks, end of month: Distillate fuel oil,* «.«...«•••»•••«••«• ....doe... Lubricating oils: Motor fuel: Gasoline and naphtha from crude petroleum. .«.*... do..,* Natural gasoline and allied products... . . . . . . . ...do.... Stocks, gasoline, end of month: TEXTILE HIOIXJCTS Cotton: 2/ Manufactures, spindle activity (cotton system spindles): Active spindles, last working day, total. ••• .» thousands.. Spindle hours operated, all fibers, total* • • .mil. of hr.. 22,246 20,957 11,083 554 10,436 150 r/ Revised. £/ Preliminary. J/ See note on corresponding item in the May 1952 Survey. 2/ Data for April 1951 and January and April 1952 cover 5 weeks; other months, 4 weeksJ number of active spindles are for end of period covered. UNITED STATES GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL BUSINESS Permit No. 1009 WEEKLY SUPPLEMENT SURVEY OF CURRENT BUSINESS PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, $300