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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 COMMERCE OCTOBER AVAILABLE ONLY WITH SUBSCRIPTION T O SURVEY Of C U R R E N T BUSINESS SELECTED BUSINESS INDICATORS ELECTRIC POWER PRODUCTION BY UTILITIES STEEL INGOT PRODUCTION t»0 (WW-SS'IOO) wiwr MM 1 / *V£ % cS8r%r'%S&f >/ •0 3, 1947 H I \ / 1 1 1 1 1 1 11 11 1 1 1 1 1 I I 1 1 1 1 1 I I 1 1 1 M » 11 11 1M1 11 11 I 1I 11 1 INDUSTRIAL PRODUCTION HOURLY EARNINGS AND HOURS IN MANUFACTURING (SEASONALLY APJUSTEO, K M - 3 9 " 100) 1946 WEEKLY 1947 1944 BUSINESS 1947 1946 1945 STATISTICS1 1$46 19*7 li'l* Sept. 27 Commodity prices, wholesale* Ail commodities 2/ 1926-100.. farm products do... • food do.... All otner 2/ do.... 28 commodities i/ August 1939*100.. 326.9 Cotton, middling, 15/l6 H , 10 markets 47 dol. per lb.. .310 Mfoeat, l*o. 2, Hard Winter (Kansas City) 5/ dol. per bu.. 2.67 Department store sales 1935-39*100.. Insured unemployment, total 6/ thous.. State programs do.... Veterans' programs do.... finance: Currency in circulation 4/ mil. of dol.. 28,561 federal Reserve bank credit, total do.... 22.573 Member bank reserve balances do.. • • 16,831 Excess reserves, estimated do.... 953 federal iieserve reporting member banks in leading cities: ]J Bank debits, total mil. of dol.. New York City do.... 7,064 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 (Moody1 s) percent. • 2.89 Stock prices, 402 stocks (Standard and Poor's).. 1935-39*100.. 121.9 Industrials, 354 stocks do.... 127.2 Production: Bituminous coal 4/ thous. of snort tons.. Electric power, by utilities ...mil. of kw-hr.. Motor vehicles (Wards) 8/ number.. 106,121 Petroleum 4/ thous. of bbl.. Steel 2/ 1935-39-100.. freight carlobaings, total thous. of cars.. - Mi scellaneous do.... Sept. 20 Sept. 13 158.1 189*8 182.3 138.0 324.8 .321 2.72 301 157.4 187-3 I8O.9 138.1 324.6 .316 2.69 291 1.5*5 877 630 28,728 22.472 16,932 1,103 28,631 22,394 17.128 1.145 20,389 7,710 47,498 64,714 39.022 12,858 73 2.65 124.0 129.6 17,492 t 6,803 47,350 64,292 38.699 12.719 75 2.82 122.0 127.1 2,100 053 .095 5.217 165.2 922 Sept. 6 August 30 Sept. 28 Sept. a 154.9 182.4 174.1 137.9 310.2 .320 2.54 265 1.597 905 655 154.0 181.7 172.1 124.4 156.6 133.0 112.4 1.205 123.8 155.1 131.9 112.1 241.7 .368 1-96 260 2.305 925 1.329 28.718 22,623 16,626 939 15.544 §.071 *6.95* 63.799 38.354 12,516 60 2.80 124.3 129.8 28.J57 22,476 16,493 645 28,460 24.585 ^^ 24,224 16,985 6,637 *7.095 63.730 38,400 12,406 64 2.80 123-3 128.9 19.830 7.035 45,901 67.449 *5.3|9 10,068 28 2.82 125.4 129.3 2,144 *.518 85,495 4.778 178.5 916 398 22,102 3060 .330 2.43 277 1.617 5 ?J 667 •376 2.00 *9H 16,280 872 4 6 ^ 67.786 45.856 9.912 19 2.60 123.2 126.3 2,040 2,148 2,005 2,104 *,721 *.977 4,940 *.507 83,444 109.73* 80,972 86,098 5,173 5.200 *.775 5.157 181.1 175.9 175.2 I83.1 899 931 926 389 413 411 1/ Data do not always cover calendar weeks. 2/ See note in January 1, 1947 issue. 1} Thursday p r i c e s . 4/ Daily average. 5 / Data for 1947 include dark nard winter not included previously. §J for description .< see note i n July 13, 1946 issue. J/ « m on a revised basis beginning in Supplement for July 18, 1947. 8/ Data are for U. S. and Canada and include passenger cars, commercial ears, and trucks. 2/ Week ending October 4, I85.O. J: MONTHLY BUSINESS STATISTICS 1947 Earlier dats are available in montcly issues of tne Purvey and the 1942 Supplement August Industrial production (federal deserve): Unadjusted, combined index Manufactures Durable manufactures Iron and steel Lum'cer and products furniture Lumber.... Machinery Jfonferrous metals and proouct* Smelting and refining Stone, clay, and glass products Clay products Transportation equipment Automobiles Nondurable manufactures Chemicals Industrial chemicals Leather and products Leatner tanning Shoes Manufactured food products Meat packing. Processed- fruits' said vegetables....' Printing and publishing Bubber products Textiles ana products Cotton consumption Bayon deliveries Wool textile production Minerals fuels Anthracite Bituminous coal Crude petroleum Metals 1535-39*100. do... do... do... do... do... do... do... do... do... do... do... do..• ao... 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/ do. • . Manufactures Durable manufactures .Lumber and products Lumber konferrous metals and products Smelting and refining Stone, clay, and glass products Clay products Nondurable manufactures Chemicals Leather and products Leather tanning Manufactured food products Meat packing Processed fruits and vegetables Printing and publishing Minerals. Metals '. do... do... do... do... do... do. do..., do..., do..., do..., do..., do. •. do.... do..., do..., do.... do.... do.... P185 pl50 P213 P187 pl49 plol P143 P271 July 179 157 193 148 159 268 142 275 136 273 179 187 209 163 233 191 168 247 440 106 112 102 187 198 206 162 225 179 169 252 435 113 119 181 rl42 180 rl96 rlo2 r217 rl85 166 r248 436 r98 99 P173 PI30 p210 pl4l p211 P154 ss. pl55 P155 pll4 P151 pl6l V "S rl62 134 r209 rl42 118 r263 rl46 rl¥» 93 117 rl60 r!53 pl82 pl88 p211 pl40 P130 rl77 rl84 r208 rl34 121 rl72 pl82 Pl?8 pl60 P169 P253 181 rl96 rl62 164 252 rlOO 104 P157 pl48 pl28 pl48 P150 May June I85 191 219 197 143 158 rl85 r209 rl72 pl82 p206 pl64 p2l6 pl84 P172 P249 P435 1946 rig 156 1 185 191 1 219 154 150 101 146 216 154 3 152 153 110 147 159 149 151 rl25 143 rl4l rl!8 148 123 142 151 125 150.8 148.0 147.1 ? 18 150 139 193 147 241 176 159 232 396" 1C1 94 106 119 100 122 255 123 221 163 149 240 l 119 155 X 7 144 395 3 $ 174 178 203 180 180 186 21C 184 144 152 140 254 159 150 204 154 24? 182 166 233 90 145 220 164 148 271 161 153 156 104 I65 140 185 191 218 141 132 187 198 200 162 170 253 113 132 146 July 3.09 149 151 184 190 218 141 131 179 188 207 I65 166 250 107 152 August 161 154 228 115 211 145 127 144 150 153 128 P 147 150 120 156 151 132 178 184 208 126 172 177 202 129 121 159 150 197 150 164 237 120 101 147 138 155 129 144 107 165 175 124 146 103 129.1 124.7 123.9 145.7 111.9 161.0 169.0 177.6 121.9 149.0 124.7 161.8 120.4 198.1 111.6 132.7 126.0 IO5.8 177.6 113.9 98.4 98.4 110.1 94.4 102.5 118.9 141.7 110.2 157.0 181.4 162.9 117-5 140.2 124.Q 156.9 130.0 169.9 109.5 132.1 122.5 104.0 177.3 114.9 99.3 98.5 112.6 88.2 114.2 140 192 147 157 235 103 99 COMMODITY PBICSS Wholesale prices (U. S. Department of Labor): Combined index 2/ .' 1326.100. Economic classes* Manufactured products do... . Saw materials. do... Semimanufactured articles , do. •. Para pr oduc t s do... Grains do... Livestock and poultry do.. • Commodities other than farm products 2/ do... loods do... Cereal products do... Dairy products do... fruits and vegetables do... Meats do... Commodities other than farm products and foods 2/..do... Building materials do... Brick and tile do... Cement do... Luaber do... Paint and paint materials do..., Chemicals and allied products do... Chemicals do... Drug and pharmaceutical materials do... fertilizer materials do... Oils and fats do... w t f l ^ p a g e y. PreliBlnal7 - iJ Indexes for 153.6 147-6 167.O 149.5 181.7 208.8 215.9 147.2 172.3 r 144.0 rl4l.7 141.7 rl65.3 160.2 158.6 147.0 144.9 145.9 181.4 177.9 175.7 202.3 206.0 202.4 2OO.9 r209.Q 198.7 rl43.6 rl40.7 140.6 161.8 j 159.8 167.I 149.2 154.7 151.7 140.9 ] 138.8 152.8 144.3 145-2 139.7 208.6 203.0 217.9 rl31.4 131.9 136.O rl33-4 rl74.4 177.0 179.7 rl75-7 134.7 134.5 144.3 143.3 114.3 114.0 116.9 114.9 266.1 269.4 276.7 269.0 rl59.6 169.2 154.9 rt5b.l 120.2 127.1 117.5 118.8 118.7 118*7 U9.9 156.I 173.6 101.8 102.5 137." 139-2 1 103.5 179.9 105.5 133.3been fixed134.8 Mld * ••••own W t o r e **•• at 100 are not shown; .ee unadjusted m SB 311 series. 2/ See MONTHLY BUSINESS Karlier oata are available in monthly issues of the Surrey and the 1942 Supplement ST A T I S TICS—Continued 3 19U7 August July 1946 June *v August COHhODITI PEICJBS - Continued Wholesale prices - Continued. Commodities otner than farm products and foods l/ - Con. fuel and lignting materials 1920.100. electricity '. do... Cas do... Petroleum products. ......... • .do... tildes ana leather products do... Hides and skins do... Leather do... Shoes do.. • nousefurnishings d o . •. furnishings • • .do. • • furniture do.. • Metals and metal products 1/ do. •. Iron and steel do... Metals, nonferrous do. •. Plumbing and neating equipment . do... Xextile producte •• • do... Clotaing \ do. • • Cot ton goods do • •. aosiery and underwear do. • • ifayon do... Silk... . ; do... Woolen and worsted goods do... Miscellaneous do. •. Automooile t i r e s and tubes do.. • Paper ana pulp do... COVSXifiJC'ZXOif ASD Jffi&L ES2A2E Contract awards, 37 States (¥. V. Dodge Corp.): Total projects Total valuation thous. of dol. Building, total do •.. Engineering construction, contract awards ( £.11.11.) 2/..do... Construction cost indexes (Engineering News Becord): Building cost 191>L00. Construction cost (all types) do... EMPLOYMENT COMDITIONS AND WAGES 112.5 92.2 182.1 215.6 190.7 174-9 123-7 138.1 120.9 148.9 139.4 11(1.8 128.6 140.8 134.3 199.2 99.9 37.0 68.2 133.3 112.7 60.8 157.6 rl08.9 "#85.*5 89.8 178 .4 203.5 187-5 173-2 129.8 138.1 121.1 U3.8 133.3 141.8 123.4 139.5 134.3 195.9 100.U S3 85.8 87-5 173*2 187.1 178.9 172.6 129.2 137.2 120.9 142.6 131.4 142.9 119.1 138.9 133.9 193.8 100.8 85.0 86.8 170.8 94.4 63.9 79.5 72.8 138.9 155.8 133.3 140.1 112.6 118 •§ 106.6 114.0 113-3 101.4 106.3 124.0. 122.8 160.0 87-7 30.2 134.6 112.8 102.0 73.0 119.6 130.1 rll3.0 60.8 157-2 129.2 rll2.7. r62.5 154.2 176*.3 172.2 128.8 136.9 120.3 141.4 128.6 143.9 120.0 138.9 133.9 193.0 100.8 37.0. 67.9 129.2 116.1 73.0 154.3 8 7 J ' ? 66p,2^ 24,044 605,070 419,400 517.175 674|657 489,984 514,343 , 40,101 $79,909 495.555 541.325 303.1 403.3 272.4 360.2 S:°2 3L88J 823,216 599.744 413,494 494,397 524,238 317.1 (17.8 313.O 515.O aoure and earnings (l). 3. Department of Labor) J Average weekly hours per worker, all manufacturing..houre. P39.8 Durable goods industries do... P39-9 Nondurable goode industries..... do... P39*7 Average weekly earnings, all manufacturing dollars. P*9.?9 Durable goods industries do... P52.U9 nondurable goods industries do. •. P&5-98 Average nourly earnings, all manufacturing do... p i . 238 Durable goous industries do... pl.31^ Iron and steel and tneir products do... Electrical macninery do... Macninery, except electrical do... Automobiles .do. •• Iransportation equipment, except automobiles.....do... Noaferrous metals and products do... Lumber and timber basic products do... furniture and finished lumber products do... Stone, clay, and glass products do... nondurable goods industries do... pl.158 Textile-ail I producte and other fiber mfre do... Apparel and other finished textile products do... Leather and leather products ..do... Pood and kindred products ..do.•. Tobacco manufactures do... Paper and allied products do... Printing, publishing, and allied industries do... Cnemicals and allied producte do... Products of petroleum and coal do.... Bub be r products do. •. PIHAVC5 Bonds; Average price of all listed bonds (s.T.S.S.) dollars. 102.62 Domestic do... IO3.O9 foreign... do,.. 73-28 Value, issues l i s t e d on Hew York Stock Exchange: face value, a l l issues mil. of dol. 1/137.628 Domestic do... 135,210 foreign. do... 2,168 Market value, a l l issues do... 2/141,236 Domeetlc .' do... 139.39* Joreign..?..«...••••••••.«•.•••.•....••..........do.•. 1.589 10; %i & Jo>$ r39.8 40.0 ryj.6 rU9.03 40.5 40.4 44.99 48.02 41.89 1.112 1.186 1.222 1.169 1.246 1.373 1.359 1.177 .928 •957 1.063 I.O36 .924 .986 •972 1.015 .885 1.020 1.299 1.102 1.347 1.295 %8 rl.232 rl.306 I.365 I.3O6 1.372 1.595 1.401 1.290 1.033 1.059 1.200 rl.152 1.027 .99* I.05U 1.127 •953 1.190 1.501 1.247 1:121 102.33 its 3/137.563 135.175 2,138 2/140,763 138.923 1.585 102.25 102.70 74.02 102.49 102.92 75-32 103.10 IO3.49 80.15 137.058 134.932 2,126 140,148 138.574 1.574 137.019 134*856 2.163 140,426 138,797 1.629 136.714 134,441 2,273 140,958 139.137 1,822 1/ devised. 2/ P r e l i " i n * r y - £ / M o * o r * • * * * • • includsd at current p r i c e , beginning October 1946; April 1942 price _ ess were carried forward S L T " J l i S ? ! ? * - * J?**? X V l a d ^ t calculated with April 1942 motor vehicle pTicesi All coamodities. 1 5 1 ^ , m ^ a c t u 7 e a ^ r o a w ^ T 144.0; commodities other tnan farm products, 144.5; commodities other than 'farm products and foods. 132.5; metals X m e t a l ^ c ? ^ . 1*3 7 2/ For August 1946 and Hay and July 1 * 7 . 5 weeks; for other months, 4« weeks. j ? I n c l u ^ ^ o n d . * I n t a J n a U o S ^ nof ^ ^ a r a u i j : 4 MONTHLY BUSINESS Earlier data are available in monthly issues of the Survey and tne 19*2 Supplement ST A T 1ST ICS—Continued 19*6 19*7 August July June May August FIJHAAfCJS - Continued Stocks: Snares listed on New York Stock Sxcnange: Karket value dumber of shares listed BL2CTBIC POWBR Electric power, production, total Utilities Industrial establishments a i l . of dol. millions. 68,184 1,862 69>365 1,847 66.548 1.829 63.646 1,814 7*,350 1.738 mil. of for. hr. do... do... 25.969 21,744 4.225 24,938 20,782 4,156 24.469 20.244 4,225 25.009 20.77-6 *.303 23.669 19.515 *.155 thous. of lb. ao... 116,920 110,265 rl48,790 rl36,425 157.120 152.125 l*6.*55 i**,oi5 117.669 105.*17 do... do... do... do... do... mil. of lb. thous. of lb. .do... .do... do... 31.5*0 17.150 257,400 51.925 49.450 1.289 650,486 52,007 536.369 108,114 76.555 15.025 347.600 81.83O 78.500 1.509 702,877 53.172 753.173 148.100 116.620 12.950 410.000 102,020 96.730 l.*90 670,038 5*.8?3 756.848 146.690 111,875 13,000 416,200 91.665 88,200 1.525 705.739 60,183 758.6*6 144,207 98,2a 10 t 615 291.296 57.250 56,043 1,286 664,848 65.053 555.686 9*.780 29,060 466.511 22,184 2.333 29.5*9 439,108 21,008 2.269 29.097 432,527 18.792 2,966 25.068 473,968 16,111 2,665 28,953 500,572 22.733 «72 2,107 2,426 1.049 r2.239 3.283 r2,472 1,011 2.472 3.046 2.641 8*4 2,174 1.761 3.951 6,738 9,774 3*,067 30,450 3.617 35.690 33.99* 32.811 3*.275 POODSTUMPS AND TOBACCO Dairy products, production* JB utter, creamery (factory).. Cheese, total (factory) Condensed and evaporated milk: Condensed (sweetened): 4ulk goods Case goods Svaporated (unsweetened), case goods Dried skim milk, total for human consumption Meats, production, total • Beef and veal Lamb and mutton fork, including lard Lard Tobacco, manufactured products: Consumption (withdrawals): Cigarettes: Tax-free Tax-paid millions. do... Cigars, tax-paid thousands. Manufactured tobacco and snuff, tax-paid. ..thous. of lb. LHATH2K AND PRODUCTS Leather production: Calf and kid: Cattle hide Goat and kid Sheep and .lamb thous. of skins. thous. of nides. thous. of skins. do... M2TALS A&D MANUJfoCTUi&S Iron ore (Lake Superior district): Consumption by furnaces Shipments from upper lake ports ' Stocks, end of month, total At furnaces On Lake Kris docks Lead, refined: Production, total lor domestic ore Shipments Stocks, end of month foundry equipment: Hew orders, net, total Hew equipment Repairs • thous. of long tons. do... «. do... do... do... 6.638 12,122 33.896 30.397 3.499 6.156 12.614 28,440 25.677 2.764 6,500 ll.*57 21,7*6 19,59* 2,152 6.885 10.373 17.618 15.5*1 2,078 short tons. do... do... do... 46,409 *3.725 46,646 31,048 46,012 *2,536 52,5*9 31.290 *5.233 41,505 5*,627 37.836 1937-39* 100. do... do... 468.9 411.3 656.8 !*5?-7 6*9-9 658.9 620.7 13.822 :,98* 50,482 *7,233 5*8.6 525.9 PSTHOLBUM AND COAL PRODUCTS Crude petroleum: Consumption (runs to stills) thous. of bbl. Production , do... Stocks, end of month: definable in U. S do... Heavy in California do... Hefined petroleum products: Oas and fuel oils: Production: Gas oil and distillate fuel oil do... Besidual fuel oil do... Stocks, end of month: Oas oil and distillate fuel oil do... Residual fuel oil do... Motor fuel: Production, total do... Gasoline and naphtha from crude petroleum... x... .do... Natural gasoline and allied products .....do... Stocks, gasoline, end of month: finished gasoline do... Unfinished gasoline Natural gasoline , Lubricants: Production Stocks, refinery, end of month tj fievlsed. 426.1 565.3 11 538.7 *84.'i 161,84s 159.837 153.604 152,978 153,3*« 156.024 150,550 149,910 230,97* 5.208 237,278 5.*29 237.768 5.825 224.157 5,066 26.270 38,550 24,214 36.977 2*.95* 37,328 23.703 35,9*2 46,444 47,600 39.676 *3.515 3*. 279 39.992 54.068 48.186 73.*9* 65,200 11,010 69.847 61.855 10.505 68.535 60.681 10.392 do... do... 77.069 8,93* 5.269 81,160 8.614 5.*52 86,727 8.482 5.566 69,707 62,079 9.821 78.833 7,912 6,9*3 do... do... U.227 8.188 4,427 8,281 4,608 8,070 *.096 7.030