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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