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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES DEPARTMENT OF COMMERCE
BUREAU O F F O R E I G N A N D D O M E S T I C
AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRENT

SELECTED

COMMERCE
OCTOBER 10, 1947

BUSINESS

BUSiNESS

INDICATORS

STEEL INGOT PRODUCTION

ELECTRIC POWER PRODUCTION BY UTILITIES

(1935 - 3 9 - 1 0 0 )

250

V^I9*6

OtT» KOI PiOTTTO

SO

(BILLONS OF KILOWATT HOURS)
weeifLr DATA

WeSKLt OATA

Jf

tf

I I I I I - 1 1 1

JJr J. J L . L i . u a J . J J - ' i • i i .1 i L ! i i i ! i i i i i I i i i i I i i i

• L J - L l . . L . . J L . L l . ! . . L . . l J , J l . L J . . i .1.1 ! ,Li_L.I_L...I 1 .1. 2 ! .Jl J . JL, J,.J,J..L.U.L.i_.'_.l~i

CONSUMERS PRICES
(1935-39' 100)

PERSONAL INCOME
BILLIONS OF DOLLARS, SEASONALLY ADJUSTED, AT ANNUAL KATES
£00
MONTHLY DATA

175

150
fOOO^

125

"™"^-TOTAL

100

L.J 1 1 1 1 1 J „ J . J _ I .

1944

1947

WEEKLY
nm

..A.1.LJL.LLL.1.J.JLJ-LJ-L.L.I 1 1 1 1 1 1
1 1 1 1 1 1 I.I 1.1,
1
1947
1946

STATISTICS1

BUSINESS

1947

1946

October 4 | Sept. 27 | Sept. 20 | Sept. 131 Sept. 6

October 5\ Sept. 28

Commodity prices, wholesale:
All commodities 2/
1926»100..
Far© products
do
food
-.. do
All other 2/
do
28 commodities ]J
August 1939=* 100.*
33^5
Cotton, middling, 15/l6", 10 markets 4/
dol. per lb..
.307
Wheat, Ho. 2, Hard Winter (Kansas City) 5/
dol. per hu..
2.86.
Department store sales
1935~39a»100..
Insured unemployment, to+al 6/
thous..
S tate programs
do....
Veterans' programs
do....
finance:
Currency in circulation 4/\
. .mil. of d o l . .
24,499
federal Reserve bank credit, total
do....
22.931
Member bank reserve balances
do....
17.0-J4
1,041
Excess reserves, estimated
do....
federal Reserve reporting member banks in leading cities: jj
Bank: debits, total
mil. of dol..
New York City
do....
9.H9
Deposits, demand, adjusted
do....
Loans and investment-e, total
do.....
U. S. Government obligations
do....
Commercial, industrial and agricultural loans
do....
failures, commercial
number..
.Bond yields, domestic corporate (Moody's)
percent..
2.92
Stock prices, 402 stocks (Standard and Poor's)..1935-39*100..
122.9
Industrials, 354 stocks
do....
128.3
Production:
.bituminous coal 4/
thous. of short tons..
Electric power, by utilities
mil. of kw-hr..
Motor vehicles (Wards) 8/
number..
103.443
Petroleum 4/
thous. of bbl..
Steel Q/
1935-39-100..
I85.O
freight car load i«g«, total
..thous. of cars*.
Miscellaneous
do....

156.2
184.7
177.6
138.2
326.9
.310
2.67
317

28,561
22.573
16,831
953

3:8
38,680
18.935
77
2.89
121.9
127.2
2,050
4.956
106,894
5.196
184.5
938
421

158.1
189.8
I82.3
13s .0
324.8
.321
2.72

157.4
W7.3
I8O.9
138.1
324.6
.316
2.69
291
1.536
874
624

15^.9
182.4
174.1
137.9
310.2
.320
2.54
265
1.597
905
655

125.1
158.0
135.5
112.6
243J
.386
2.01
277
2,082
918
1,110

124.4
156.6
133.0
112.4
243.J
•376
2.00

28.631
22.394
17.128
1,145

28,728
22,472
16,932
1.103

28,718
22,623
16,628
939

28,546
24,1*10
16,166
934

28,460
24,585

20,389
7.710
47,498
64,714
39,022
12,858
73
2.85
124.0
129.6

17.492
6,803
47.350
64,292
38.699
12.719
75
2.82
122.0
127.1

15.544
6.071
46.95*
63.799
38.35*
12,518
60
2.80
124.3
129.8

20,597
8,213
45,621
66,450
44,281
10,180
28
2.82
125.1
128.9

19,830
7.035

2,0lt0
4,977
109.73*
5.200
175.2
931
413

2,100
5.053
106,095
5.217
165.2
922
404

2,148
4.721
83,444
5.173
181.1
809
35*

1.432
837
557

2.169
911
1,205

15

1£

61:225
*5.3J9
10,068
28
2.82
125.4
129-3
2,144
4,518
85.495
4,778
178.5
917
398

2,092
4,478
91.925
4,737
178.1
907
395
1/ Uata do not always* cover calendar weeke. oj See not© in January 1, 1947issue. J/ Thursday prices. 4/ Daily average. 5/ Data for
1947 include dark nard winter not included previousv- 6/ for description „see
. note in July 13, 1946 issue, jj Shown on a revised basin
beginning in Supplement for July 18, 1947. Sj Data are for v. 3. and Canada and include passenger cars, commercial cars, and trucks.
2/ Week ending October 11, 188.4.
~




J_

e

MONTHLY

BUSINESS

STATISTICS
19U7

Earlier data are available la monthly issuee of the Surrey
and the 1942 Supplement
September

august

1946
July

June

September

BUSINESS INCHES
Pereonal income, seasonally adjusted, at annual rates:
Total pereonal income
b l l . of d o l .
Wage and ealary receipts, t o t a l
do...
Total employer diebureemente
do...
Commodity-producing inauetriee
do...
Distributive indue trie*
do...
Service induetriee
do...
Government
*.do...
Lees employee contributions for social insurance..do...
Other labor income
do...
Proprietors' and rental income
do...
Pereonal interest income and dividends
do...
Total transfer payments
do...
Total nonagricultural income
do...

194.4
122.1
124.2
56.O
35-7
15.3
17.2
2.1
1.8
45.8
14.2
IO.5
172.6

rl96.1
rl21.2
rl23.3
r55-l
r35-5
rl5.4
rl7-3
2.1
1.8
r47.8
rl4.2
11.1
rl72-3

195.1
121.1
123.2
55.5
35.3
15.2
17.2
2.1
1.8
47.6
14.1
IO.5
171.9

178.5

276
255
246
270
3*3
267
177
211
308
295
349
258
224

276

£

3

m.o
114.8
49.4
31.8
14.1
19.5
1.8
1.6
39.5
13.3
ll.i
162.0

COMMODITY PRICRS
Prices received oy farmers, all farm products....1909-lhalOO.
Grope
do...
food grain
do...
Peed grain and nay
do...
Tobacco
do...
Cotton
do...
fruit
do...
Truck crepe
do...
Oil-bearing crops...
do...
Livestock and products
do...
Meat animals
do...
Dairy products
do...
Poultry and eggs
do...
Consumers' price index (U. i. Department of Labor):
Combined index
•
1935"39*100.
Clothing
do...
Pood
do...
Puel, electricity, and ice
do...
Gas and electricity
do...
Other fuels and ice
do...
floueefurnishings
do...
Bent
do...
Miscellaneous
do...

286
254
278
297
352
252
181
179
311

3J5
367
282
246

flonresidential

building. exc.

farm ana pub. u t i l i t y . d o . . . .

Public construction, t o t a l .
Reeidential construction.
Konreeidentiel building*.
Highway

244
220
158.4
184.7
193.1
119.5

&2
184.3
110.0
139.5

CONSTRUCTION AND JQ&L SSZAIS
. . m i l . of d o l . .

251
253
390
289
215
189
3 1U
286

1.262
950
^75
276
141
65
134
312
9
24
48
2
140
91

rl.238

46.153
22.730
22,329
20,723
46,153
18,718
16.784
P889
24,482
48.0

rl,l6l
r876
r429
r259
139 I
60
rl28 i
r285

253
240
390
275
228
215
318
278
338
233
205
157.1
185-7
190.5
117.7
91.7
143.0
182.6
109.2
139.1

207
221

396
285
210
154
236
250
249
271
221
145.9
165.9
174.1
114.4
91.7
I36.5
I65.6
108.8
129-9

1,066
800
356
315
167
50
79
266

19
44
2
rl28
rS5

rl,070
r811
r387
r254
140
50
rl20
259
6
15
42
• 2
117
79

45.615
22.759
22.192
20,534
45.615
18.695
16.601
r823
24.345
47.7

44.626
21.875
21.549
20,296
44,626
17.869
16,007
399
24,090
48.4

44.425
22,170
21,872
20,039
44,425
17.748
16,112
738
24,154
47.8

44.813
24,594
24,049
18,095
441813
18,060
15.910
725
24.448
42.6

40,446
6,041
639
5.402
639
1.490
30.940
18,864
17.478
5.169
2,500

140,287
5.953
632
5.321
631
1.485
30.936
18.986
17.603
5.1"
2,512
4.327

40,057
5.837
624
5.213
622
1,481
30,740
19.093
17.704
^.965
2,522
4,160
588
789

38.079
5.289
592
4.697
594
1.475
29.504
19.754
18,425
4,454
2.*22
2W74
540
677

3&
r267
rl40
75
rl33
303
r9
r24
r45
2
135
r90

r9

*

16
35
9
93
68

riKiiics
federal Reserve banks, condition, end of month:
Assets, total
,
mil of dol.
Reserve bank credit outstanding, total..
..do...
United States securities
..do...
Gold certificate reserves
..do...
Liabilities, total
..do...
Deposits, total
..do...
Member bank reserve balances
..do...
Rxcees reeerves (estimated)
..do...
federal Reserve notee in circulation.
..do...
Re ear vs ratio
r
percent.
Life insurance (Life Insurance Association of America)
Assets, admitted, total
mil. of dol
Mortgage loans, total
do..
*•»
do..
Other
,
do..
Real-estate holdings
do..
Policy loans and premium notee
do..
Bonde and stocks held (book value), total
do..
Government (domestic and foreign), total
do.'.
U. S. Government
do..
Public utility
do..
Railroad
do..
Other
do..
Cash
do..
Other admitted assets
do!".
r/ Revised.

2/ Preliminary.




*'%
790

5251
757 |

MONTHLY

BUSINESS

Earlier data are available in monthly issues of the Survey
and the 1942 Supplement

3

S T A T l S T l C S — Continued
19^7

September

August

19U6
July

September

June

FIHANCB - Continued

21.766
r2S,434

!l49
i >5;

21,266
28.297

20,305
28,507

2.83

2.80

2.80

2.81

2.79

2.61
2.69
2.86
3.23

2.56
2.64
2.81
2.17

2.55
2.64
2.82
2.18

2.67
2.78
3.09

2.63
2.72
3.O3

2.62
2.72
3.O6

2.83
3.21
2.60
2.72
3.10

2,357-98
95^.65
2.U7
3.21
2.56
2.59
1.99
2.68

2,34S.4h
95^.65
2.46
3.21
2.55
2.59
1.99
2.68

2.329.35
95U.65
2.44
3.21
2.52
2.59
1.99
2.67

2.310.25
95^.65
2.42
3-21
2.51
2.59
1.98
2.66

1.95^-89
941.47
2.08
3.21
2.03
2.58
1.82
2.65

63.39
176.82
35.25

64.36
130,08
35.58
50.1*5

65.32
183.51
35.61
49.33

61.26
173-76
.98
.86

62.66
172-72
35.05
49.59

6.7

5-1
4.6
5.0
3.5
5.1
7.3

4.4
4.0
4.1
3.6
4.6
6.5

1,150
1.139
399
403

1.151
1.139
450
445

1,242
1,228
46 3
469

643
627
378
378

U.560
886
70
248
62
577
1*07
1.992

3.276
495
*9
178
275
46
429

3.5^3
708
5*
188
200
*9
464
324
1.555

3.517
7U3
55
197
191
6:
rV
rl.523

do...

208,609
400,170

238,814
444,602

255.713
428.6Q4

r6l,155
rl45,068

do...
do...

44,434
106,382

46,611
101,964

48,260
98.827

r27.66l
r78,393

do...
do...

21,109
86,455

21.739
65.152

10.927
59.041

21,540
108,211

Gold, monetary stock, United States
•11. of dol.
Currency in circulation
do...
Bonds:
Yields:
Domestic corporate (Moody1 s)
percent.
By ratings:
Aaa
do...
Aa
do...
•
do...
Baa
do...
By groups:
Industrials
do...
Public utilities
do...
Bailroads
..
do...
Stocks:
Casn dividend payments, 600 companies (Moody's):
Total annual payments at current rates.......ail. of dol.
MumDer of shares, adjusted
millions.
dividend rate per 3.lure (weiguted average)
dollars.
banks (21 companies)
do...
Industrials (4^2 companies)
do...
Insurance (21 companies)
do...
Public utilities (30 companies)
do...
Railroads (3° companies)
do...
Prices:

Dow-Jones & Co. (65 stocks)
Inauetrials (3° stocks)
Public u t i l i t i e s (15 stocks)
dailroads (20 stocks)
Yields:
Common stocks (200), Moody's
Banks (13 stocks)
Industrials (125 stocks)
Insurance (10 stocks)
Public u t i l i t i e s (2p stocks)
Bailro&de (23 stocks)

dollars per share.
do.. do...
1
do...
percent.
do...
do...
do...
do...
do...

.

P21.9
p2S,5

US. 10
55-2

"i
3.6
5.1
7.1

5-1
4.4
5.0
3.6
5.0
7.0

m

m

4.4
4.8
3-5

2^8
2.80
3.10
2.64
2.75
2.98

FOEiiiatJ TKA131
Exports, including reexports, total
Exports- of U. S. merchandise
General imports, total
Imports fur consumption

mil. of dol..
do....
do....
do....

T&aNSPOETATIOH
Preignt carloaaings, total cars 1/
Coal
Coke
forest products
Grains and grain products
Livestock

thousands.
do.
do.
CLO.
do.
do.

Mercruuidise, l . c . l
Ore
Miscellaneous
CHEMICALS AND ALLIED PRODUCTS
Oils, fats, and by-products:
Animal, including fish o i l :
Animal fats:
Production

thous. of l b .

Stocks, end of month
Greases:
Production
Stocks, end. of month
fish oils:
Production
Stocks, end of month
Vegetable oils, total:
Production, crude
Stocks, end of month:
Crude
defined
Cottonseed oil, refined:
Production
Stocks, end of month
Linseed oil:

,

Production
Stocks, end of month
Soybean o i l :
Production:

Crude
Eefined

Stocks, ena of montn:
r/ Kevieed.

Crude
xteif ined

%J Preliminary.




do.
do...
.do...

,

3.600
191
210

$
299
1.592

do...

248,383

278,083

283,497

279.^26

do...
do...

503.973
292,228

r582,091
r358.720

585.878
385.^25

515.047
266,688

do...
do...

24,913
116,709

26,287
171.3^2

35.750
203.856

r23,658
rl60,l07

do.
do.

26,527
132,682

32.250
157.724

32.057
144,544

r47.1§9
rl29,267

do.
do.

105,364
91.251
105,839
140,457

125,706
r98,720
r125,686
rl4l,67l

122,436
83,890
122,760
128,141

r82,506
88,106
rll6,401
r77.2l6

do.
do.

\j Data for August 1S46 and August 1947 are for 5 weeks; other months, 4 weeks.

4

MONTHLY

BUSINESS

S T A T I S T I C S — Continued
1946

1947

Earlier data are available in monthly issues of the Survey
and the 1942 Supplement
August

July-

June

May

August

PQODSTUOTS AND TOBACCO

Formantea malt liquors:

9,044
8,776
9,453
r1,000

8,342
7.939
9.565
1.132

7.983
7.511
9,538
1,222

r6,794
rj.538
r6,926
2,162

33.310
307

r34,131
r299

36,404
359

1/46 236
486

29.728
1,514
2,388
3.942
8,028
13.856
1.091
2,507
177

29.805
1.485
2,276
3.987
8,260

32.178
1.367
2.376
4,287
9,042
15,106
1,554
2,251
149

32,117
1,720
2,838
4,119
8,692
14,748
6,679
6,563
213

2,996
702
2,234
2,907
6s4
2,223
5.64 5
1.399
3.746

2,728
657
2.071
2.53S
582
1.956
5.608
1.932
3.676

2,621
639
2.182

2.497
545
1,952
5.266
1,741
3.525

«,93«
632
2,306
2,704
•588
2,116
4,761
1,463
3.298

4,917

4,535

4.810

5,081

4,898

3.8^3

3.148

2.999

2,973

3,789

1.765«,206
S94.134
766,665
104,407

1,625,457
817,030
707.743
100,684

l 9 727 9 65l
682,506
r750,505
r94,640

rl, 833,669
1-929.555
r604,600
x-99.314

1,703,203
86-5.431
754.796
64,976

665.335
69L597
691.329

r662,328
r653.139
r643,993

r706,860
r714,440
r706,668

714,355
752,028
743.947

646,869
704,694
701,343

68,346
100,806
102,046
50,260

r96,9l4
rS9.9S3
r86,491
r52.307

r104,998
rl0l,31l
rlOO,313
r52,68l

90.494
107,558
108,327
49,285

85.449
103,161
99.592
53.504

24?,955
246,345
242,060
80,855

r233,202
r234,509
r232.759
r82,103

r243,5l9
r248,796
r246,379
r72,765

259,649
264,444
258,296
68,674

202,087
236,530
237.857
55,331

238,034
252,321

255.133
59.372

r248,642
r24l,642
r23S,278
r66,625

r265,650
r268,179
r264,9i+7
r67.455

263,424
276,919
275.131
60,225

261,804
266,987
267.254
64,162

thous. of gross.
do...
do...

9.476
8,859
7.300

rS0877
r8,127
r7,065

9.619
8.316
6.8*3

10.578
9.492
6,085

10,659
10,406
3.917

t h o u s . of doson p a i r s .
do...
do...

11,615
11.769
21.113

10,428
9.956
21,267

10.558
10,542
20.795

11,672
11.269
19,910

13.545
12.135
18,129

r343.432
rl,765
1.572
261,156
240,358
86,509
66,405

379.251
1,606
1.694
279.631
257.881
97,814
78,503

Production
rtiicus. of bbl.
Tax-paid withdrawals
do...
Slocks, end of month
•
do...
Coffee, risible supply...
thous. of Dags.
L£ATh£R A&J PRODUCTS
Boot ana suoe proauction, total
thous. of pairs.
Atnletic
do...
Dress ana work, i n c i t i n g playsnoes, etc.:
Lpfctner uppers, total
do...
Boys' and youths'
do...
Infants'
do...
Misses' and children's
do...
Ken's
do...
Women's
do....
Part leather and nonleather uppers
Slippers ana moccasins, houeswear
All other footwear

M33
8,842
9,050
1,05&

do...
do...
do...

13.777
1.532
r2 e 273
r217

LIMBER AND MANUFACTURES
Lumber (National Lumber Manufacturers Association)!
Production, total
mil. of bd. ft.
Hardwoods..
........... r,
do = *»
Sof twoodti o
do...
Shipments, total
do...
Hardwoods
,
do...
Softwoods
..,.....,
do. c.
Stocks, gross, end of month, total.,
do...
hardwoods
.do...
Softwoods
do...
e
MBTAL3 AHD

2B

^4

2.160
2.7101
630
2,026
4,068
1.125
2.9*43

NLAHUSACTURBS

Pig iron, production
thous. of short tons.
Pumps, steam, power, centrifugal and rotary:
Orders, new
thous. of dol.
PAPS1R A & D PRINTING
All paper ana paperboard mills (Bureau of the Census):
Paper and paperboara production,, total
short tons.
Paper
do...
Paperboard
.do...
Building board
do...
Paper, excluding building paper, newsprint and paperboard
(American Paper and Pulp Association):
Oraers, new
short tone.
Production
do...
Shipments
do...
Pine paper:
Oraers, new
do...
Production
do...
Snipments
do...
S t o c k s , end of month
do...
P r i n t i n g paper:
Oraers, new
do...
Production
do...
Shipments
do...
Stocks, end of month
do...
Wrapping paper:
Orders, new.
do...
Production
do...
Shipments
do...
Stocks, end of month
do...
S1'0N£, CLAY, AND GLASS PRODUCTS
Glass containers:
Proauction
Shipments
S t o c k s , end of month
TSXTILK PRODUCTS
Hosiery:
Proauction
Shipments
?
S t o c k s , end of month

TRANSPORTATION BtfJlPMSffT

Motor vehicle©, factory sales, total
Coaches, total
Domestic
Passenger cars, total
Domestic

numoer
do..
do..
do..
do..

382,640
346,209
1,067
1.853
867
1.599
247,261
284,357
229,083
261,240
Trucks, total
do..
97.881
96,430
Domestic
do,
78,283
75.696
r/ Revised. Xj Includes 139,000 pairs of government shoes for July and 172,000 pairs for August, not distributed by type.




400,562
1,626
1,409
307.124
284,576
91,810
73.803