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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