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SURVEY OF CURRENT BUSINESS
WEEKLY SUPPLEMENT
UNITED STATES D E P A R T M E N T OF C O M M E R C E
BUREAU OF FOREIGN AND DOMESTIC

COMMERCE
OCTOBER 24, 1947

AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRFNT BUSINFSS

SELECTED

BUSINESS

INDICATORS

STEEL INCOT PRODUCTION

ELECTRIC POWER PRODUCTION BY UTILITIES

(1935- 3»«100)
260

200

W££KIY

WCCKir

;=r^^~^~-_

V^»4S

OATA HOT PtOYTE

J

\ r

"V

^

100

50 -i-J_J.i I I U - J J A , : :

•ill :

DATA

N

1945 ——p-^

>
150

(BILLIONS OF KILOWATT HOURS)

OATA

^

/\/^Y^\

!.._ . : * : ; : : :

1 . . •, ! 1,1, i, ' ,1, i ,i, J_L_J_JLJU

±JULLX~IX.LA-L M I t > I 1 I I -I II I I I t 1, I u

PRICES OF 3 5 4 INDUSTRIAL STOCKS

COTTON CONSUMPTION

(DAILY AVERAGE- T HOUSAN0S

OF B A L E S )

(»35-39-100)
mimsoAr aoss

*r\\

/ "

i

Y^^

yw*^

L.L..t J._L.L_J_J_.L_.I. i . L . .

1944

II

"'X

1L i L . L I 1 II 1

1945

!945

WEEKLY

I, I I M I I M I. M n I M I I I t

BUSINESS

P^yr

1 1 1 1 1 1 I I I

Commoaity prices, wholesale *
Ail commodities 2/
1926«100..
Farm product a
do....
Jfood
do....
All other £/
,
...
do
2B eoiamoditYes %J
August 1939*100..
n
Cotton, middling, 15/l6 , 10 markets 'V
dol. per lb..
Wheat9 So. £, Hard Winter (Kansas Gityj jjj/
dol. per bu..
Department store sales
1935-39*100..
Insured unemployment, total GJ
thous..
State programs......._.
.do....
?
Veterans programs
*
*
-.. .do....
finances
Currency in circulation kj
mil. of dol..
federal Eeserve bank credit, total.
....
do....
Member bank reserve balances
..
— .do....
Excess reserves, estimated
*
do....
federal Eeserve reporting member banks in leading cities; Jj
Bank debits, total....
mil. of dol..
Hew York City
.do....
Deposits, demand, adjusted
.do....
Loans and investments, total..........
do....
U. S. Government obligations...
do....
Commercial, industrial and agricultural loans
do...*
failures, commercial. ..
•
number..
Bond yields, domestic corporate (Moody's)
percent..
Stock prices, 402 stocks (Standard and Poor's).1935-39*100..
Industrials, 354 stocks
.....do....
Production*
Bituminous coal k/
thous. of short tons..
Electric power, "by utilities
mil. of kw-hr..
Motor vehicles (Wards) 8/
number..
Petroleum **/...
•
thous. of bbl..
Steel %/
,. .1935-39*100..
freight carloadings, total.
thous. of cars..
Miscellaneous
do....

335-9
.316
3.00

28,635
22,807
17,229
I.265

6,777

L 1 1 1. 1 . 1 -

1947

STATISTICS1
Oct. 11

Oct. 4

1946
Sept. 27. Sept. 20

Oct. 19

Oct. 12

158.0
190.1
180.0
139.0
33^-7
.312
2.87
303

157.1
187.5
178.3
138.6
33*-5
.307
2.86
327
1,250
769
438

156.2
18U.7
177.6
138.2
326.9
.310
2.67
316
1,309
787
*79

158.1
189.8
182.3
138.0
324.8
.321
2.72
301
l,h25
835
551

135*1
160.1
175.6
112.8
252.8
.36k
2,05
295
1.990
912
1,020

126.0
160.2
137.7
112.6
21*3.8
.388
2.02
281
2.039
922
1,061

28,642
22,852
17,142
1,138

28,585
22,931
17.03*
i 9 oi+i

28,561
22,573
16,831
953

28,631
22,391*
17.128
1,1*5

28,609
24,152
16,11*2
855

28,609
2l*,Ol*8
16,019
766

18,929
7.1*36
1*6,744
64,710

22,139
9,119
U7,056
64,796
38,400
13.116
81
2.92
122.9
128.3

19.043
7,061*
^7,303
64,566
38,680
12,935
77
2.89
121.9
127.2

20,389
7,710
1*7,1*98
6i*,7iU
39,022
12,858
73
2.S5
124.0
129.6

19,07*
6,9*6
U5.757
66,733
**,513
10,591
23
2.82
126.8
130.8

18,010
6,923
H5.723
66,607
i*H,50i*
10,1*12
25
2.82
117.8
121.1

2,032
*.935
101,608
5,208
I85.O
9*3
429

2,050
*,956
106,891*
5.196
IS4.5
938
1*21

2,01*0
*,977
109,73*
5,200
175.2
931
1*13

38.37*
2.95
126.2
132.5

1 1 ...1 L 1 . 1 . 1

1946

1947
Oct. 18

A** V/**>

13.200
62
2.93
123.2
128.9

2,086
2,131
4,540
>*,*95
86,330
89.5*0
*.737
*.733
189.8
178.5
178.7
899
932
390
1*01
957
1/ Data do not always cover calendar, weeks. 2/ See note i n January 1," 1947 i e s u434
e . %J Thursday p r i c e s , kj Daily average. 5 / Data f o r
1947 include dark hard winter not included p r e v i o u s l y . j$/ For d e s c r i p t i o n see note in J u l y 13, I9U6 i s s u e , jj Shown on a r e v i s e d b a s i s
beginning i n Supplement for J u l y 18, 1947. 8 / Data a r e f o r U. S. and Canada and include passenger c a r s , commercial c a r s , and t r u c k s .
2 / Week ending October 25, I9O.3.




87,893

2,125
*.958
98,978
5.245
188 .4

z

MONTHLY

BUSINESS

Earlier date are available in Monthly issues of the Survey
and toe 1942 Supplement

STATISTICS
1947

September

August

191+6
July

June

September

COMMODITY PBICSS
Wholesale pricee of selected commodities:
Coal, bituminous, mine run, compoelte..dol. per short ton.
Coffee, Santos, Mo. 4 (Mew York)
dol. per lb.
Cotton, middling, I5/I0", average, 10 markets
do...
Cotton cloth: Mill margins
cente per lb.
Print cloth, 64 x 60
dol. per yd.
Butte*, 92-ftCore (Hew York)
dol. per lb.
Eggs, U. 3. standards (Chicago)
dol. per doz.
Grains and grain products:
Corn, weighted average, 5 markets
dol. per bu.
Wheat, weighted average, 6 markets
do...
Wheat flour,standard patents (Minneapolis) .dol. per bbl.
1
Hides, packers , heavy, native eteere
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, fresn, loins, 8-10 lb. (lew York)
do...
Lumber:
Douglas fir, dim.,No. 1,com.,2"x 4"-l6*..dol.psr M bd.ft.
Southern pine,boards,Mo.2,common,l"x 6"or 8 N x 12'..do...
Ponderoea pine. Bo. 3, common, 1" x 8"
do...
Metals and manufactures:
Pig iron, composite
dol. per long ton.
Steel, composite, finished
dol. per lb.
Structural eteel (Pittsburgh)
do...
Steel scrap (Chicago)
dol. per long ton.
Copper, electrolytic (Hew York)
dol. per lb.
Lead, refined, pig, deeilverised (Sew York)
do...
Zinc, prime, Western (St. Louis)
do...
Petroleum, crude (Kansas-Oklahoma),at wells..dol. per bbl.
Gasoline, tank wagon (Mew York)
dol. per gal.
Sugar, refined, granulated (Mew York)
dol. per lb.
Wool, raw, territory, fine, ecoured
do...

7-^1
.272
.3156
57.91
.255
.802
.U50

7.429
.264
.3434
53.96
.251
.745
.422

7.119
.256
•3752
49.49
.242
.674
.434

6.368
.253
•3718
46.46
.228

&

5.976
.221
.3688
27.40
.140
.768
.406

2.370
2.801
13.57
.301

2.295
2-472
12.72
.295

1.995
2.400
13.27
.262

1.948
2.563
12.60
.231

1.829
2.048
9.25
.155

28.84

•a

27.85
22.11
.434
.552

25-87
22.06
.408
•529

17.99
16.25
.235
•333

62.23

S3

42.63
46.08
40.35

.1*82
•622
67*82
1/
59-01

.593
64.19
56.23

62.23
64.47
55-23

37.21
.O36O
.0280
38.75
.2123
.1500
.1050
1.810
.176
.082
1.220

37.21
.0360
.0280
39.88
.2123
•.I5OO
.1050
1.810
.174
.082
1.220

35.O8
.0329
.0256
36.95
.2123
.1500
.1050
1.810
.174
.081
1.225

33.81
.0329
.0250
30.88
.2135
.1500
•1050
1.810
.172
.081
1.225

1913*100..

307

300

295

294

267

do...,
do...

320.6
424.4

317.1
417.8

313.0
415.O

81

273-0
360.9

r42,547
rl5.537
r895
rl,890
4,145
r8,571
rl,602
r4,6l9
5.288
153.8
177.1
158.5
215.6
222.2
191.3
247.2
1J0.9
161.5
131.9
144.0
135.4
102.5
142-5
IO3.8
152.0
91-6
143.0
129.8
191.1
154.1
178.2

r42,175
rl5.209
864
rl.847
r4,l40
r8,558

42.361
15.327
893
1.768
4.115
8,581
1.567
4,711
5.399
151.4
179.7
157.5
221.5
224.2
196
291
175
158
129
144.8
129.1
103
131
99
130
90
143.4
129.1
I88.5
150.8
180.7

41,848
15.035
884
1.747
4,064
8.523
1.53*
4.456
5.605
149.5
173.1
152.7
217.3
210.3
196.0
286.8
179.5
138.6
123.5
142.5
130.9
105.2
132.9
103.1
137.5
93.5
140.0
122.3
184.0
147.8
I89.I

81.4
88.1
89-5
IO6.3
97.3

78.7
81.8
89.1
106.0
97.2

8O.3
88.7
90.4
105.7
95.5

82.2
90.5
83.5
102.5
93-9

28.73
.0305
.0235
18.75
.1415
.0825
•0825
1.460
.159
.067

•995

CONSTRUCTION AND BlaL ESTATE
Construction cost indexes:
Associated General Contractors (all types)
Engineering News-Record:
Building cost
Construction cost (all types)

,

EMPLOYMENT CONDITIONS AND WAGES
Employees in noaagricultural establishments:
UnAdjusted, total
thous. .
Manufacturing
do...
hining
do... ,
Construct ion
do.. •
Transportation and public u t i l i t i e s
do. • •
Traae
do. •.,
financial
do...
Service
do...
Government
do...,
Production workers,all manufacturing,unadjusted 2 / . 1939*100.
Durable goods industriee
do.. •
Iron and e t e e l and their products
do...,
Electrical macninery
do. • •
Machinery, except e l e c t r i c a l
do...
Automobiles
d o . . •.
Transportation equipment, except automobiles
do...,
Nonferroue metals and products
do. • •,
Lumber and timber basic products
do...
furniture and finished lumber products
do...
Stone, clay, and g l a s s products
do...
Nondurable goods industries
do. • . .
T e x t i l e - m i l l products,and other fiber manufactures.do...,
Apparel and other finished t e x t i l e producte
do...,
Leather and leather products
do....
Pood and kindred producte
do...
Tobacco manufactures
do....
Paper and a l l i e d producte
do...,
Printing, publishing, and a l l i e d Industries
do...
Chemicals and a l l i e d products
do...,
Prooucts of petroleum and coal
do...,
Rubber producte
do....
Nonmanufacturing employment, unadjusted:
Mining:
Antnracite
do...,
Bituminous coal
do... <
Metalliferous
do....
Quarrying and nonmetallic
do.
Crude petroleum and natural gas
do...,
£ / Bevieed. 1/ No quotation.
wcwOoer £f, AJT*TI .




893
1.924
U, 141
8,700
1.585
^.633
5,^25
155.6
178.6

222
224 .8
198.2
251.2
172.6
159.9
133-2
142.8
137.4
104.0
146.5
103.1
152.7
92.8
143.5
131.5
194.2
153.6
180.2

89.O
88.4

4J686
5.281
149.9
174.7
156.1
215.0
217.9
195.0
248.9
168.2
156.5
127.8
140.2
130.3
101.2
131.7
100.6
140.8
89.8
140.7
128.8
189.8
153.7
175.2

2 / for data for the individual Industries for August (the l a t e s t available) see Weekly Supplement dated

MONTHLY

BUSINESS

S TATI S TICS'

3

Continued

W

Earlier data axe available in monthly iesuee of the Survey
and the 1942 Supplement
September

1946
Jul,

August

June

September

Angust

MPL0XMSVT COBDITHWS A S ) WAGES - Continued
Payrolls, nonmanufacturing, unadjusted - Continued.
Public utilities*
SLeotrie light and power
1939*100.
Street railways and bueeee
do...
Telegraph
do...
Telephone
do...
Service*:
Dyeing and cleaning
do...
Power laundries
do...
Tear-round hotels
do...
Retail trade
do...
Wholesale trade
do...
Labor turn-over in manufacturing establishments!
Accession rate
monthly rate per 100 employees.
Separation rate, t o t a l
do. • ,
Discharges
do...
Lay-offs
do...
quits
do...
Military and miscellaneous
do...

110.1
130.0
194-5

110.2
rl30.7
100.5
193-8

109.3
130.9
101.5
193-3

107.5
130.4
102.3
190.4

101.9
129.9
112.0
181.0

118.5
109.4
116.6
112.7
113.7

117. 4
110.2
117.6
109.3
112.2

123.4
112.8
118.3
110.2
111.1

127.7
112.2
119.4
111.4
110.5

125
109
119
109
109

5-5

.1

r4.9
r4.6
.4
1.0
r3-l
.1

yiKANCS
Public finance:
Expenditures, total 1/
War and defence activities 2 /
Intereet on debt
Receipts, Treasury, total
Receipts, net
Customs
Internal revenue, total
Income taxee
Social security taxee

h
1.1
3^1
.1

J'1
6.9
•4
1.0

5.3

.2

ail. of dol.
do...
do...
do...
do...
do. •.
do...
do. • •
do...

fQODSTUWS AND TOBACCO
Stocks, cold storage, end of month:
Applee, fresh
.thous. of bu.
Butter, creamery
thous. of lb.
. Choeeo, total
do...
Eggs, shell
thous. of cases.
Eggs, fro-en
thous. of lb.
Fruits, frozen
do.. •
Vegetables, frosen
do...
Total meats 2/
mil. of lb.
Beef and veal
thous. of lb.
Lamb and mutton
do...
Pork, total
*
do...
fresh and cured
.
.do..,
Lard
do...
Poultry
do...
Sugar, V . S., deliveries and supply (raw value):
Deliveries, total
short tons.
lor domeetic coneuoption
*
do...
Production, domeetic, ana receipts:
Entriee from off-shore areas
do...
Production, domestic cane and beet
*
do...
Stocks, raw and refined
tnous. of ahort tons.

2,932
1.002
668
4,884
M72

3.060
908
103
2,865
2.536

3.669
979
245
2.469
2.397

4,2^7
3.435
133

2,662
1,668
352

10,219
76.748
195.869
2,815
216,520
409.174

r26M
r88,364
r202,597
r3,807
r234,434
r408,119
r326,603
r636
rl06,179

2,126
1,382
80

5.540
1.493
1.396
5.480
5.473
35
3.993
3.270
121

2.755
1,100
648
4,481
4,478
42
4,291
3.550
85

426,089
264,124
162,565
183,024

219
83,286
185,202
4,268
2^1,573
37^,363
307.574
743
101,732
8,085
525.482
331.746
193.736
174,627

329
51,625
161,363
4,203
237.303
332.345
251.687
772
114,568
9,348
528,083
352,814
175.269
171.260

721,464
711,841

r800,184
r792.920

826,310
776,978

-998,180
986,411

10,145
73.931
157.180
5.73?
207,244
501.914
317,691
258
79.051
8,844
129.880
99.859
30,021
184,841
r529.047
r519.275

465,489

605,075
36,749
1,001

719.956
38.992
1.105

544,243
34,590
1,148

297.275
94,691
r523

I.O69
2,262
2.995
3.095

r887
r2,106
r3.302
2,426

1.049
r2,239
3.2S3
r2,472

832
1.909
1.739
3.702

r6,982
r90.1

6.570
84.Q

6.969
92.8

6,556

12,340
2,208
2,212
22

'13.255
2,188
2.185

13.612
2,244
2,242
23

12,202
2.039
2.036
30

I.925
1.346

1,646
1,682

5,264
501

4,590
452
446
397
199
1.076

505
93.440
6,802
320,067
194,096
125,971
206,487

> rJ'?37

LEATHER AND PRODUCTS
Leather production:
Calf and kid
Cattle hide
Coat and kid
Sheep and lamb

.thoue. of skins..
thoue. of hides..
thous. of skins..
do....

METALS AND MAHTOACTURES
Steel ingots and eteel for castings:
Production
thcu«u or r*-"»rt tone..
Percent of capacity
s....
Barrels and drums, eteel t heavy types:
Ordere, unfilled, end of month
thousands«.
Production
do....
Shipments
do....
Stocks, end of month
do....
B o i l e r s , s t e e l , new ordere:
Area
thoue. of eq>. f t . .
Quantity
number..
S t e e l products, net shipments:
Total
thoue. of short t o n s . .
Merchant bare
do....
Pipe and tubee
do....
Platee
do....
Baile
do....
Sheets
do....

6,775
90.5

£ / Revised. 1/ See noVe on corresponding item i n the October 1947 Survey,
id sausage room producte not shown separately.




1,426
1.453
5.278
53*
517
540
190
1.199

s

rl,6i

4.975
493
480
464
199
1,181

5f

563
205
1.225

86.9

2/ Includes edible offal, canned meats and meat products, and

4

MONTHLY

BUSINESS

Earlier data are available In monthly iseuee of the Surrey
ttdtiM 19*2 Supplement

ST AT 1ST ICS —Continued
1$46

19^7
September

July

August

June

September

August

METALS AND MAWUPACTUHSS - Continued
Steel products, net shipments - Continued.
Strip — Cold r o l l e d
thous. of short tone.
Hot rolled,...,
do...
Structural ahapee, heavy
*o.*«
Tin plate and terneplate.
do...
Wire and wire products
do...
Copper* 1/
Production!
Mine or smelter
ihort tone.
Refinery
*>•••
Deliveries, refined, domestic.
do...
Stocks, refined, end of month.
do...

136
135

3

§7

1?8
141

115

3&

335

308
407

244
365

79.135
9^,605
109,8X7
77,773

82,308
103,448
116,652
82,542

69.7*8
67,803113,158
98,619

6,790
7.441
1.97*
5,838

2,130
6,670

6,947
1,636
3,372

5.179
6,1*99
6,937

4,542
6,216
7,909

5,1*40
5.775
9.413

M33

17.380
20,362
10,555
4,818

16,342
20,099
13,337
5.51*

15,971
18,188
17,096
5,736

16,450
17,153
8,612
3.898

336
393
$3,784
92,088
95,582
80,113

116
131

r83,307
88,052
96,301*
r77,212

3*

RUBBER AND RUBBER PRODUCTS
Tires and tubes*
Pneumatic casings* Production.
Shipments
Original equipment.
Stocks, end of month.
Inner tubes*
Production
Shipments
Stock*, end of month.

.thousands.
do...
do...
do...

7,165
7,520

88

.do.
.do.
.do.

7,148
6,702

STONE, C U T , AMD CLASS PRODUCTS
Portland cement*
Production
Shipments
Stocks, finished, end of month
Stocks, clinker, end of month

thous. of bbl.
f .do...
do...
do...

TEXTILE PRODUCTS
Cotton*
Consumption
Spindle activity*
Active spindles •••••....•
Active spindle hours, total
Average per spindle in place.
Operations
Rayons
Consumption*
filament yarn
Staple fiber
Stocks, producers1, end of month*
Filament yarn
Staple fiber..
.

.uales.«

727.**S

710,601

677,^89

728,251

r819,058

thousands.,
all. of hours..
hours..
...percent of capacity..

21,410
9.^27
396
114.3

21,197
9.034
379
112.9

21,415
8,531
358
101.7

21,324
9.103
382

113.6

21,639
9.037
379
114.4

ail. of lb..
do....

60.1
20.4

r62.6
18.6

62.4
18.4

5^.7
16.5

54.2
14.0

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

8.0
6.4

r7.8
6.4

8.6
7.7

June

May

38.305
12,685

T37.864
'13,192

38,412
13.668

52.970
15.995

60
1,860
39

78

r2,242
*3

91
2.3?2
*7
131
U7

70,879
79,010
179

137
122
85,0§2
115,568
230

81
2,186
*5
130
117
82,113
112,268
223

118,4a
236

56,715
5.750
38,680
12,28*3

r56,704
r5.764
r37.824
rl3,ll6

55,732
6,328
36.892
12,512

8,845
49,425
15,085

July
Vooli 2/
Consumption (scoured basis)* £/
thous. of lb*.
Apparel class
do...,
Carpet claes
Machinery activity (weekly average)*
Loome*
Woolen and worsted*
Pile and Jacquard 4/
thoue. of active hours
Broad...
do..
marrow.. .•
•
....do..
Carpet and rug*
Broad
•
•
...do..
.Marrow.
do..
Spinning epindlee*
Woolen..
do..
Woreted.,
do...
Worsted combs
do..
Wool manufactures*
Wool yarn!
Production, total
thous. of lb.
Knitting. •..•••.»«•*•«.*»....«..»«. .••••.•••.•••. .do* • •
Weaving•.••.••.•.•.....•.•••«•••••••.....••••....do.•.
Carpet and other...
•
do..

H
2.6

98
92

April

88,402

73.355

July

r49,855
r9,130

2,159
68
78
70
98,191
89,145
177

r73.330
rl2,945
r50,780
r9,605
ll Bevieed. %J Beginning April 1947, data include copper from a l l eourcess e a r l i e r data r e l a t e t o domestic and duty-free foreign copper
except that d e l i v e r i e e Include d e l i v e r i e e of duty-paid foreign copper for domestic consumption. 2 / Data for July 1946 and April and July
1947 are for 5 weeks? other monthe, 4 weeke. U Data cover consumption only on woolca and worsted eyeteme. Data -prior t o March 1*47 show
shown
i n the monthly Survey include a l s o wool consumed on the e i l k , cotton, and ether systeme, which i s no longer reported; coneumption of theee
systems averaged 1.4 percent of t o t a l coneumption of wool i n 1946. 4 / Included in data for broad and narrow spindlee prior to April 1947