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SURVEIY OF CURRENT BUSINESS
W E E K L Y SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU OF FOREIGN AND DOMESTIC

COMMERCE

AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS

SELECTED

MAY 4, 1951

BUSINESS

INDICATORS

STEEL-INGOT PRODUCTION

ELEGTRIG- POWER PRODUCTION BY; UTILITIES

(1935-39 = 100)
3001

(BILLIONS OF KILOWATT-HQURS) .
8.0

WEEKLY DATA

250!

7.0

200

6.0

WEEKLY DATA

1

5.0

l

l95

S

°

J ^--^

VL _ _

~V~

4.0 L U J L I LLiJ... LUJ.JJLL- ..!..!. U.J.JL . ! 1 ! ! ! ! 11 ! ,± L L L J ^ I J ^ l L.LL.L.LL.LU

100 f M I ' j ' I i i » t I I.IL IJJJJJLJ-LJJLJLJL4JJ^

HOURLY EARNINGS AND HOURS IN MANUFACTURING

INDUSTRIAL PRODUCTION
DOLLARS
1-80 |

(SEASONALLY ADJUSTED, 1 9 3 5 - 3 9 = 100)

1

1

HOURS
j 52

1

1.60

1.40

1.20

1948

1950

1949

WEEKLY

1951

STATISTICS1

BUSINESS
1950

um

Apr. 22

Commodity prices, wholesales
All commodities
1926slOO..
152.5
Farm p r o d u c t s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
do....
158.1
food.
.....•••.•.•
••••.....
odo,. . .
154.4
All other
do....
146.4
26 commodities 2/.0
.August 1939*100..
249.5
Cotton, middling, 15/l6". 10 markets 3 /
. . . . . d o l . per l b . .
.325
Wheat, Ho. 2, hard winter (Kansas City) 3 / . . . . . * d o l . per bu..
2.31
Department store sales
.-1935-39»100..
279
Insured unemployment, total
..............
.thous..
2,030
State programs.
................do...,
1,912
V® fssrams* programs....... •- - -. - . . . . . . . . . . . . . . . . . . . . . . . . . b . .do. *...
44
finances
Currency in circulation 3/................ •
mil. of dol.. 27,00h
Federal Beserve bank eredi tf total
do.. •.
17.92S
Member bank reserve balances.
.........
do....
15.786
Sxcess reserves, estimated..
do....
521
federal Reserve reporting member banks in leading cities!
Bank debits, total
,.mil. of dol.. 2 4 , 0 8 2
6,828
Hew York City
do
46,656
Deposits, demand, adjusted.
do....
Loans and investments, total.•
do. •. • 66,696
U. S. Government obligations..........
do
36,177
Commercial, industrial, and agr. loans (gross)
do....
13.574
failures, industrial and commercial..
.......number.»
188
0
Bond yields, domestic corporate (Moody s) j/...»*
percent..
2.84
Stock prices, 4l6 stocks (Standard and Poor's)... .1935:»39»10Q.o
142.8
Industrials, 365 stocks..
do. = «.
151.0
Produc tioa:
Bituminous coal jj
..though of short tons..
1,898
Electric power, by u t i l i t i e s .
. a i l . of kw-hr..
5,846
8
Motor vehicles (Ward s)
. . . . . . . . . . . . . . . . . . . . . . .number..
144,637
Petroleum, crude j / « .
....
.thous. of b b l . .
**,957
Steel 4/„
1935-39=100..i
213.5
freight car loadings, t o t a l . ,
..
than®* of cars..!
M i s c e l l a n e o u s . . . . . . . . . . . • . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .do«... I
ij Data do not always cover calendar weeks.



8

2/ iEhursday prices

1951

Apr. 29

Mar, 31

154.0
l6l.2
157.2
ike .9
250.7
•327
2.31
285
1,955
1,848

183.9
203.8
187-3
172.3
378.6
.451
2.H1
258
899

27,012
18,11*1
15.898

27*092
23*852
19,023
1*36

21,511*
8,677
47.149
66,514
35,922
13,^75
186
2.85
140.8
149.0
1,888
5,902
1^1,323

25,1*76
9,902

3

655

214.2
7U5
371

ksMi

70,198
30,886
19,202
136
3*oi
168.3
182.4

1*698
6,767
17**, 990

5,957
231.8
755
1*01

Apr. 7
183-3
201.8
186.1
172.1
374.8
0H51

2.43
292
931
89s
3
27,161
23,813
19,11*1
5>*9
29,6ji*
11,9%
1*9,0U2
70,122
30,67U
19,206
195
3.04
168.9
182.9
1.752
6,736
148,284
6,042
229.3
740
393

Apr. 14
I83.0
201.3
I85.7
171.9
374.1
.451
2.43

Apr. 21

Apr. 28
I83.6
202.4
188.0
171-8
372.9
.452
2*44

m

183.1
201.2
186-8
171.8
372*.7
.451
2.44
281

27s194
23,895
19,533
1,033

27,172
24,2j *
19,674
1,137

27,185
23,789
19,176
693

25.3*
10,402
1*9,205
69,707

27,578
10,173
49.870
69,756
30,79)
19,198
151
3-07
175-5
191.1
1,761
6,730

30,7J3

19,262
172
3.05
171=0
185-7
1,662
6,747

9,932

162
3.09
173.9
189.4

15^*33
229.1
778

230.4

393

395

2/ Daily average®. 4/ Week ending May 5, 232=9.

810

*°"231*3

MONTHLY

BUSINESS

Earlier data are available In monthly issues of the Survey
and the 19^9 Statistical Supplement

STATISTICS
1950

February

1951

March

December

January

February

March

GENERAL BUSINESS INDICATORS
Industrial production (Federal Beserve):
Unadjusted, combined index
Manufactures
Durable manufactures
Iron and steel
Lumber and products.
Furniture
Lumber
.'
Machinery
Nonferrous metals and products
Smelting and refining
Stone, clay, and glass products
Clay products
Transportation equipment
Automobiles ( including parts)
nondurable manufactures
Chemical products
Industrial chemicals
Leather and products
Leather tanning
Shoes
•,.
Manufactured food products
Meat packing
Processed fruits and vegetables
Printing and publishing
Bubber products
Textiles and products
Cotton consumption
Bayon deliveries
Wool textiles
Tobacco
Minerals
Fuels
anthracite
Bituminous coal
Crude petroleum
Metals

1935-39-100..
do....
do.• ••
do....
do....
do
do....
do....
do....
do....
do....
do. •..
do... •
•
do....
do....
do...•
do.. •.
do....
do. • • •
do....
do. • • •
do....
do....
do....
do....
do....
do....
*
do... •
do....
do....
do....
do
do....
do....
do... •
do....

Adjusted, combined index 1/
Manufactures
Durable manufactures
Lumber and products
Lumber
Nonferrous metals
Smelting and refining
Stone, clay, and glass products
Clay products
Nondurable manufactures.
Chemical products
Leather and products
Leather tanking
Manufactured food products
Meat packing
Processed fruits and vegetables
Printing and publishing.*
Tobacco
Minerals
Metals

do... •
do. • ••
do....
do....
.do. •..
,... -do. • . .
do....
do....
do. •. •
do....
do.•..
do.
do....
do....
do....
do...•
do....
do. - . .
do....
do....

177
188
204
201
13S
173
119
236
190
202
179
150
210
182
176
25p
424
118
109
124
146
144
86
166
195

ft
357
159
154

113
118
65
3*
155
81
180
192

ao7

150
i3«
190
202
192
157
180
24 7
115
102
161
151

x

s

168
162
118
118

183
191
210
205

lk

J

176

x

?3

*3
201
208
180
151
214
189
177
250
428
115
97
128
148
148
83
172
197

173
138
350
152
167
148
108
149
152
83
187
194
211
156
145
200
208
188
158
181
247
116
98
165
160
152
169
176
144
119

BUSINESS POPULATION
Industrial and commercial failures:
Failures, total
Commercial service
Construction
Manufacturing and mining
fie t a i l trade
Wholesale trade
Liabilities, total
Commercial service
Construction
Manufacturing and mining
Betail trade
Wholesale trade

number..
do. • . .
do....
'..do....
do....
do....
thous. of d o l . .
do....
do... •
do....
do....
do....
-

811
69
73
170
399
100

86
206
402
116

22,156
1.275
1,824
7.905
6,386
4,166

27.900
1.706
2.777
12.241
7.859
3.317

93

*93

94

221

r221
r232
r271
rl69
156
r218
222
236
rl82
r200
r28S
120
112
rl66
148
rl59
rl77
179
158
131

p222
p234
P276
P170
P 155
p2l6
p224
P 238
pl82
p200
P291

599

732
69
«3
115
377
88

as
r229
268
162
227

as
235
172
rl97
r283
108
rl06
rl65
171
rl42
rl75
153
157
126

162
r224
r219
235
187
201
287
115
107
rl68
162
161
170
177
164
130

Q

62
143
330

77
21,044
3.205
4,748
5.352
5.479
2,260

97
132
410
73
21,685
1,482
2.393
5.175
10,376
2.259

r217
r228
r268
252
rl54
r!94
134
328
r21S
222
221
rl73
r307
r262
ri.96
r291
r509
123
120
125
rl50
142
rlOO
rl75
r236
rl94
174
390
144
170
153
rl63
89
125
rl85

§9

60
107
304
69

16,009
1.399
2,228
6.134
4.357
1.891

41.4
* 41.0
r40.9
42.2
r4l.6
r4l.6
40.2
40.5
40.3
r40.0
39.2
r63.88
r63.71
r63.76
56.53
r67.77
r68.32
r68.10
59.74
r58.68
58.44
r5«-32
53.04
1/ Indexes for which seasonal factors have been fixed at 100 are not shown; see unadjusted series.

Durable-goods industries
Nondurable-goods industries
Average weekly earnings, a l l manufacturing
Durable-goods industries.
•
Nondurable-goods industries
r/ Revised. p_/ Preliminary.



288
247
196
288
505
U5
108
120
rl55
193
105
165
246
193
163
392
153
177
159
169
96
151
184

216
227
265
254
153
189
134
321
r224
r219

884

EMPLOYMENT AND WAGES
Hours and earnings (U. S. Department of Labor) 8
Average weekly hours per worker, a l l manufacturing.. . h o u r s . .

216
r228
266
253
158
194
140
321
r227
219
227
177
r293
r26l
196
r287
r503
rl07
106
109
rl62
203
rill
rl79
r252
194
158
r391
160
142
152
163
80
14 3
17S

do....
do....
dollars. •
do....
do....

4o.i
39.3
56.37
59.47
53.06

39.7

p218
P230
P274
262
pl6l
P199
pl42
P334
p2l6
p224
P227
P173
P308
P 250
Pl95
P294
P523

pl50
pl48
plOl
plSO
P189
175
P374
Pl52
PI63
46
127
pl88
P92

pl70
pl6l
P1S3
Pl77
Pl58
Pl27

17.652
1.375
3.292
5.169
5.605
2,211

p4l.l
p4l.8
p40.1
p64. 3 6
p68.80
P58.47

MONTHLY

BUSINESS

Earlier data are available in monthly i s sues of the *xrvey
and the 19^9 Statistical Supplement

3

S T A T 1ST i C S - Continued
1950

february

March

1951
December

January

february

EMPLOYMENT AnD WAGES - Continued
Hours and earnings (U. S. Department of Labor) - Continued
Average hourly earnings, a l l manufacturing..
dollars.
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...
fabricated metal products 1/
do...
Machinery (except electrical)
do...
Electrical machinery
do...
Transportation equipment
do...
Instruments and related products
do...
Miscellaneous manufacturing industries
do. • •
Nondurable-goods industries
food and kindred products
Tobacco manufactures
Textile-mill products
Apparel and other finished t e x t i l e products
Paper and allied products
Printing, publishing, and a l l i e d industries
Chemicals and a l l i e d products
Products of petroleum and coal
•
Rubber products.
Leather.and leather products*
_ ,
flKANCB
Bonds:

do..
do..
do..
do..
do..
do.,
do..
do. •
do..
do..
do..

Prices:
Average price of all listed bonds (H.Y.S.E.) 2/
do....
Domestic.
do*...
foreign
'
do...,
Value, issues listed on Hew York Stock Exchange* 2/
Market value, all issues
mil* of dol..
Domestic
do....
foreign
do.. •.
face value, all issues
do...«
Domestic
do...,
foreign
do...
Stocks:
Cash dividend payments publicly reported
do....
finance.
.do... <
Manufacturing
do....
Mining
do...,
Communications
do.. •.
Heat, light, and power
do....
Bailroad
do....
Trade
do...
Miscellaneous
do. •..
Shares- listed on Hew York Stock Exchange:
Market value
do....
Number of shares listed.
millions. <
fQjpDSTUWS AND TOBACCO
Dairy products production:
Butter, creamery (factory)
Cheese (factory), total
Condensed milk (sweetened):
Bulk goods
Case goods
Evaporated milk (unsweetened), case goods
Dry milk:
Dry whole milk
Nonfat dry milk solids (human food)
Meats, production, total
Beef and veal
Lamb and mutton
Pork, including lard
Lard

1.420
1.483
1.507
1.270
1 .25^
1.•389
1..603
1..481
1.•552
1
1.677
1.^25
1.284

1.424
1.486
1.510
1.293
1.251
1.3**
1.604
1.480
1.560
I.443
I.678
1.435
1.289

r l •5*3
rl,.619
1.610
rl.391
rl.3&2
Pl.507
1.758
rl.6l0
rl.698
rl.555
rl.816
rl.567
rl.379

1.350
1.328
I.O63
1.209
1.212
I.36O
1.8^2
1.459
1.800
1.528
1.157

1-353
1-337
1.076
I.209
1.195
1.363
1.869
1.462
1.802
1.519
I.I65

101.95
102.38

1.443
pl.415
rl.124
rl.313
rl.257
l.*93
rl.920
1.57s
rl.901
rl.651
rl.234

rl.554
rl.629
I.653
rl.378
rl-359
rl.525
1-789
1.624
rl.712
rl.553
rl.802
rl.566
rl.392
rl.456
rl.438
rl.l4l
rl.320
rl.288
rl.502
1.910
rl.59,5
rl.924
1.652
rl.^47

1.458
rl.44l
rl.143
rl.323
rl.292
rl.504
rl.934
rl.607
rl.914
1.625
1.260

101.78
102.20
75-*8

100.93
IOI.45
70.41

101.18
IOI.69
71.71

100.90
IOI.38
72.56

127.777
126,054
l.*69
125.332
123.119
1.963

125,846
124,116
1.476
123.645
121,440

115.952
114,3*7
1.35*
114,889
112,716

1.955

1.923

116,165
114,541
1.374
114,808
112.643
1.916

115,801
114,163
1.389
114,769
112,605
1.914

213.2
37-1
103.2
1-5

818.4
5*-6
509.9
69.5
28.0
52.6
.1
821.4

2,1*1.
199<
l.*59146.
29.
74.
92.
90.5
50.4

493.4
108.8
176.7
4.0
66.9
51.1
I5.8
59.8
10.3

219-3
4o.i
108 a
1-9
42^6
8.0
15.6
2.3

79.^33
2.204

93.807
2.353

99.3*0
2.384

100,246
2.391

74.80

4oil
11.4
16.7
2.2
78.639
2,184

rl.599
rl.637
rl.651
rl-382
rl.369
rl.526
rl.770
rl.640
Pl.725
rl.569
rl.811
rI.585
rl.407

thous. of lb.,
do....

9*.365
75.»5

rl23,O50

*95.335

79.000
67.925

86,675
71.035

81,270
70,605

do....
do....
do...,

14,300
5.250
183,900

18,500
6,010
^1,000

18.350
*.135
156,300

18,400

16,390
5,025
190,000

do....
do....
mil. of lb..
thous. of lb..
do....
do....
do....

8,290

11.560
86,000
1.585
644,109
*5.917
894,965
170.946

9.850
39.480
1,948

.255.175
242,183

686,992
50.187
1.237.582
249,441

2,146
32.036
*53.6?1
21,941

2.619
25.000
374,800
13.*98

2,3*4
33.*7*
458,877
20,360

*5.971
20,865
16.829

7.289
37.169
31.771
5.398

7.327
30.227
25.658
4,569
5.894

Tobacco, manufactured products, consumption (withdrawals):
Cigarettes, small, tax-free
millions..
Cigarettes, small, tax-paid
do....
Cigars, tax-paid
thousands..
Manufactured tobacco and snuff, tax-paid
thous. of l b s . .

66,150
55*&5
42,392
759,390
146.905
2,178
25.645
415.318
17.35*

6

S

5.*35

182,000

10,784
42,000

12,090
40,150
1.33*
527.293
36,188
770,708
146,508
3.003
r28,857
*35.07*
17.765

METALS AND MANUfACTUBSS
Iron ore (Lake Superior d i s t r i c t ) :
Consumption by furnaces
Stocks, end of month, t o t a l .
At furnaces
On Lake Erie docks
Pig iron, production....

t h o u s . of l o n g t o n s . ,
do...,
d o . . •.
do....
thous. of short tons..

26,745
22,103
4,642

M73

M35
4,601

r/ Revised, p/ Preliminary. 1/ Except ordnance, machinery^and transportation equipment.
Reconstruction and Development not shown separately.



6.*35
24,123
20,324
3.799
5.693
5.176
2/ Includes bonds of the International Bank for

4

MONTHLY

BUSINESS

Isrliar data are available in monthly issue© of the Surrey
and the I9U9 Statistical Supplement

S T A Tl S T I C S—Continued
1990

February

March

1951
December

January

February

MJ3?AL§ AND MANOTACTUBES - Continued
&ead, refined (primary refineries) §
Production
* . . . . . . . . . . . . . short tons.
Shipments (domestic) . . . . . . . . . . . . . . .
. ..do..
Stock®0 end of m o n t h . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . «
Machine toolss
Ntw o i d e r a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 4 5 - 4 7 - 1 0 0 .
Shipments....
..••...•••.••••
do..,
Pumps, steam, power, centrifugal and rotary?
Orders, new.
...thous. of dol
PEDBOLBOM AND PBQDUCIS
Crude petroleums
Production
......
• .thous. of bbl
Consumption (runs to stills) »
.do..,
Stocks, end of months
Gasoline-bearing in U. S.«............0.........0.*.do..,
Befined petroleum products!
fuel oils
Productions
Distillate fuel oil.*......................o......d©„..
Besidual fuel oil..................................do..
Stocks, end of months
Distillate fuel oil....................^.........do..
Besidual fuel oil.................................do..
Lubricating oil©?
Production.••.•.•....••••.......•.••...•...•0...... .do..
Stocks, refinery0 end of month.............0......0 .do..,
Motor fuels
Production, t o t a l . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . .
Gasoline and naphtha from crude petroleum.........do. e
Hatural gasoline and allied p r o d u c t o . . . . . . . . . . . . . *dc..
Stocks, gasoline, end of months
Finished g a s o l i n e . . . . . . . . . . . . . . . • . . • . . . . . . . . . . . . . .do..
Unfinished g a s o l i a e . . . . . . . . . . . . . . . . . . . . . . . . . ^ . . . . . d o . .
Natural gasoline* * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . .

41,670
a.«55
79.143

49,104
22.358
88,581

48,234
49,601
35.619

46,878
51.260
33*232

43.675
49,128
27,775 I

89.2

107.4
75-3

410.1
135.7

475-4
114.3

7615.5
rl23.S f

3.313

6,720

6,477

6,480 I

1.073
f.837

151.213
165,418

177.276
190,^448

183,110
199.958

166,041
183,745

243,750

241,230

248,463

243,107

235.247

26,729
32,818

29.070
35.768

41,628
40,475

44,244
42,397

39.742
3S.696

52.206
47*8Sg

37.777
4l a 860

71,94s
4Q075O

5«s424
40,317

k°7

3*587
9.341

4,086
8,989

5,068
7.849

5.061
8,160

4.33? ,
8,386 I

64,' 685
13.608

60,786
71.350
14,586

90,945
80,229
17,241

94,132
S3.773
17,314

85,752 I
74,335
15.629 [

124S177
S9 619
S6098

124,924
8,842
7.708

108,669
8,100
7,355

120,473
S,006
7,474

X29o537 I
7.706 I
7,842

rl.794
r898
r609
rS8

2,032
1.029
901
101

r2,252
1.098
rl,063
92

2,098
1,028
979
911

399.247
376,834
157.601

451,635
426,960
162,276

2,096
1.077
946
113
430 .551
69,142

453.019
423,343
118,818

425.097 I
400,833
143,082 I

*333.159
69,099
70,756

396,923
80,571
79.027

398,309
*85,355
r85,
7.776
r87,

345.552
92,691
92,991

336,568
84,381
84,896

7.352
328,881
88,593

8,896
318,036
66,765

8,24l
328,018
96,942

11&\
346,258
93.866

7,426
331.440
111,019

56,580
104,477

60,859
101,691

44.999
69,215

rU4,586
*93.079

37,473
87,433

29.336
31,860
88,381

33.003
37.647
86,824

52.199
53.364
52,758

60,952
r58,£84
r55.453

56,399
52,86l
58,236

71.5
22-5

80.9
25.4

86.9
29.4

79-.0
25.7

r75-0
r25.0

13.3
3-3

12

6.1
2.0

10.3
3-8

rlO.5
3.8

475.465
133
128
385.361
377.185
89.97*
80,939

580,662
199
170
469,618
461,119
110,81+5
99.811

6to.g

606,833
661
631
478,589
459.567
127,583
109,262

618,321
521
483
505,865
481,239
111,935
94,853

56.1
2,93*5

j87j
' ! 0
39.3 tG9

PAPER AND PRINTING
All paper and paperboard mill® (Bureau of the C@nsu@)s
Paper and paperboard product ion, t o t a l . , thous. of short tons
Paper
do..,
Paperboard
do..
Building board
do..
Newsprint, Canada (including Newfoundland):
Production
.short tons
Shipments from mills.
do. •
Stocks, at mills, end of month
do..
Newsprint, United Statess
Consumption by publishers.
do..,
Production
do..
Shipments from mills...
..do..,
Stocks, end of months
At mills....
do..
At p u b l i © h e r s . . . • • . . • . . • . • . • . . . • . . • . . . . . . • • .
do..
In transit to publishers.... •.
do..

.775

RUBBER AND BDBBEE PBODUCSS
Natural rubbers
Consumption.
. . . . . . . . . . . . . . . . . .long tons
Stocks, end of month
do..
Synthetic rubbers
Production
....do..
Consumption
do..,
Stocks, end of month.
do..
TEXTILE PBDDUCTS
Bayons
Consumptions
Filament y a r n . . . . . . . . . . .
mil. of lb,
Staple fiber
do..
Stocks, producers', end of months
Filament y a m .
do..,
Staple fiber
do..
XBANSPORTATXON BqyXFMKXF
Motor vehicles, factory sales, total
.number
Coaches, total
..do..
Domes tic.«...
«
...do..,
Passenger cars, total....
do...
Domestic
.do..,
trucks, total
do..
Dome®tie............................................do...
vj Revised. %J Preliminary.



601
521,371
507.120
118,890
103,522