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SURVEY OF C U R R E N T B U S I N E S S WEEKLY SUPPLEMENT U N I T E D 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 AVAILABLE ONLY WITH SUBSCft!PTIOH TO SURVEY OF CURRENT BUSINESS SELECTED SEPTEMBER I6S 1948 BUSINESS INDICATORS ELECTRIC POWER PRODUCTION BY UTILITIES STEEL INGOT PRODUCTION (i935-39»iOO) (BILLIONS OF KiLOWATT HOURS) WEEKLY Q&TA LJ-JULinX I t \ I, 1 X . L A J U U J U J U - J U J J L X J . VALUE OF MANUFACTURERS' INVENTORIES AND SALES DEPARTMENT STORE SALES AND STOCKS (AVERAGE MONTH (939 • 100) (SEASONALLY ADJUSTED, 1 9 3 5 - 3 9 - !00) 350 400 esoti?m.v mrs BOO \$AL£S-^^J^. UOIHTHLr DMA 325 SALES ^ 250 pr*, 250 200 \ ^r*~~ ^ STOCKS 100 •^X^X^X^A^^^AJ^ INVENTORIES i75 S50 ^LJU&~3mJiJLJLAJ!Jk™&=» ,,,,., j WEEKLY soolU U - J U - j J L - l O J - A J L . iOSlWESS JJLOOJLJLjU~i~l™U -JL^J^jAvJvU^LJ*^ STATISTICS isks l%k% i'sm Sept. * 6®§is}@dltf p r i s e s , wtoles&l®* HI ©©modi tie® 2 / . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *lS2S®2m* J a m product® £ / . . . . . . . . . . . . . . . . • • • • . . . . . . • . . . . • • • • . . d o . . . Food 2 / . . . • • * . . • • . . . . • . . . . . • . * • . . . . . . . . . , . . . • • . • . . » . . d o . . . H I ®ik@r g / . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . . 2S eoaaoditias 3 / . . . . . . . . . . . . . . . . . . .....Angus* 1939**10®« ©oi*©a9 atddlUg, 15/16*• 10 a a m e t s £ / . . . . i . . . . d o l . p@r l b . m e a t . Mo. a, l a r d ^iMg? (lanea® City] ~ ~ . t y ) . . . . . . . . . A o l . per fcsu ®@pwto®n% store s a l e s . . 1939»39«10O.. issared uatapl©y»«at8 t o t a l . . •thous.. Stat*. pv®&s>m&* . * . . . . . . . . . , ..do..., ¥et®r®as9 p r o g r a m s . . . . . . . . . ..do.... Finances Gurreney l a circulation kj. . . . . . . . . . . . . . . a i l . of d e l . Federal Beserf® bank c r e d i t , t o t a l . . . . . . . . . . . . . . . 4®... Member bank reserve balances. . . . . . . . . . . . .do..« isesss reserves, estia&ted. . . . . . . . . . . . . . . . . . . . . . do.. . Federal Eeserve rsgiort.ing mmfow banks i s leading cities* Sank debit*, t o t a l . . . . . . a l l . of d e l . lew fork ©ity .............................do... Beposits, deaand, e d i t e d . . . . do... Loans and' invsstasnts, t o t a l . . . « . . ............do,.. U. S. (toveraaent obligations ..........do... 8©ssa®r©ial , industrial and agr. loans, gross do... f a i l u r e s , industrial and coamercl&l . . . . . . . . . . . .atiabsr» Bond yields, doaestic corporate (Moody's) 8 .percent. Stock pries®, i«L6 stocks (Standard and ?©or 8)....1935-39sl0©. I n d u s t r i e s , 365 stocks. .do.. „ Productions Bituminous coal U / . . . . . . . . . . . . . . . . . . . . . t a o u s . of short tons. m e e t r i e power, by u t i l i t i e s . . . . , . a i l . of kv-hr. Motor vehicles (Wards) number. Petroleua */ .toooa. of b b l . Steel 5 / 1935-39*100. Sreigfct carloadings, t o t a l . . . . . . . . t^ous. of c a r s . Miscellaneous....••....•....•••....••....•..•..•.•...•.do... 1/ &&t& do not always cover calendar weeks. ege®. %j W#®k end! a^ September 11, 178.8. 2/ Eevised s e r i e s . Sept. 12 ( — — - r i6g.3 188-5 1*7.7 153-H 31**7 .309 2.20 3@g l820© 8X3 362 28tXX7 21,93? l?,7* 853 *7.<>56 63,23! 3f.7X>* l^ 9 8g7 3-o? 13^.7 g9o^a 5>70 9fee^8^ 5,531 192.2 895 tog .O^XAJSJ^J^LAJO™ 1 ^\i5* 1 1 Ms- 20 l922J 8Ul 359 SS9239 21.t83U 17 ,'817 15.H51 5.^36 J«6e932 63.291 3M52 1^,931 83 3.09 127.7 133.7 $!»6 7^7^ 5.3^ 190.8 789 351 Sept- 1© 151-9 159.8 iSl.J 1WU9 ^7-6 .308 252 152.U 161.6 161.9 1*U.9 250.2 .30* 2.13 152»7 162.5 161.6 1*5-3 250.8 •302 2.12 27.39^ 18969^ 17,096 1,38* 27,3^1 18,081 16,509 998 7,970 ^,050 6U693 36,U85 12,939 193 J' ! J6.316 27**136 18,225 16,512 1,265 18,760 7*797 — — 151*9 xSo.i 161.0 1^.9 163.1 153-^ ! 514e% ,311 • 2.20 Sept. 3 l a g . 27 1*5.0 2%3.0 >313 2.05 2.©^ 252 aa 8.376 2„U38 2,182 PIS 18s9» 17,3^7 TO 18,191 J:S 6*9ao7 36,1** 12,906 176 2.92 122.9 129*2 1.333 5*53© liio 8 iH7 ^,723 170.O 728 33U m 29l^ 2.92 129.I 1,258 lU2,bb3 S©@ not® i n Beeeab'ar 3 , 19U8 tmme* Km 1724 % 18,512 27 65,121 37,11^ 12,9^2 176 2.91 121.1 127.2 1,318 *.717 175-1 7*7 356 J6,737 65,770 37, m 12,965 ITS 2.91 121.3 127.5 27,55** 17,780 15.995 1,000 7,137 2.91 122.8 129-1 1,^2 l*l v 360 ^,762 178.2 ?^ 333 1189013 "*"l73-9 j / f t a r s d ^ py£©@g. */ Xadly aver* MONTHLY BUSINESS Earlier data are available in monthly issues of the Survey and the 1949 Supplement STATISTICS 1948 July 1949 August May June July August GENERAL BUSINESS INDICATORS farm income and aarketings* Gash receipts from farming, including Government payments. total ail. of dol from marketings and CCC loans, total do.. Crops do.. Livestock and products, total do.. Dairy products do.. Meat animals do.. Poultry and eggs do.. Indexes of cash receipts from marketings and CCC loans. a l l commodities l / 1935-39-1QO Crops ^ = r?~? do.. Livestock and products ....do.. Indexes of vol. of farm marketings,&L\ eoMO&itiam l / . d o . . Crops * ,*..-*.......„....-4.«..., do.. Livestock and products... *. *....» do.. Manufactures* sales, inventories, and ords£'&? Salee* Yalue, total.... .**,.... ».* mil. of dol Durable goods industries.....= ... , do* . nondurable goods industries do. * Index, total avg. ao. 1939.IQO Durable goods industries • do.. Iron, steel, and products do.. Hoaferrous metals and prcdtact s. ..do.. Elec trical machinery and equipment. , , „. . d o . . Machinery, except electrical do.. Automobiles and equipment c.,.- .do.. 'transportation equipment, except autos do.. Vuraltare and finished lumber products do.. Stone, clay, and glass products .» do.. Other durable goods industries do.. nondurable goods i n d u s t r i e s . . . . . do.. food and kindred products do.. Beverages.......... , do.. Textile-aill products, excluding apparel do.. Leather and products ,,. do.. Paper and allied products.,* * do.. Printing and publlahing * , do.. Chemicals and a l l i e d products » do.. Petroleum and coal products do.. Rubber products do.. Tobacco manufactures » . . . .do.. Other nondurable goods * ,..,..do,. Inventories, book value, end of month! Value, total mil. of dol Durable goods .do.. Nondurable goods. . , do.. Index, total avg. mo. 1939*100 Durable goods Industries do.. Iron, s t e e l , and products do.. Nonferrous metals and products do.. Electrical machinery and equipment do.. Machinery, except electrical do.. Automobiles and equipment do.. Transportation equipment, except automobiles....do... furniture and finished lumber products do.. Stone, clay, and glass products do.. Other durable goods do.. Nondurable goods industries do.. food and kindred products do.. Beverages do.. Textile-miII products, excluding apparel do.. Leather and products do.. , Paper and allied products do.. Printing and publishing do.., Chemicals and allied products do.., Petroleum and coal products do.. Rubber products do.., Tobacco manufactures do.. Other nondurable goods do.. New orders« Index, total do.., Durable goods do.. Iron, steel, and products do.. Machinery, including electrical do.. Other durable goods, excluding trans, equip do.. nondurable goods do.., CONSTHUCTION AND BSAL ESTATE Construction cost indexes: American Appraisal Co., average, 30 cities 191>100 Atlanta do.., Hew York do.., rj Revised. 1/ Unadjusted index. 2.693 2,683 I.203 1,480 447 744 259 2.722 2.716 1.235 1,481 430 1.9** 1.915 63? 1.276 r2,053 r2,036 r757 1,279 ?l 627 259 8! 404 421 331 144 153 137 409 *33 163 133 288 224 337 123 89 149 239 r306 r265 33« rl3g rllO 148 16.U03 6.473 9.930 309 333 301 350 410 rIS,169 7.159 rll.OXQ 342 368 ? 62 421 414 438 8? 457 22b 7 ? 248 295 310 3*9 269 256 301 232 292 337 339 245 30,236 13.967 16,269 281 290 226 271 398 298 *75 635 259 159 183 275 i 261 264 432 284 207 405 246 291 311 305 259 219 493 522 507 7 246 fl 168295 6.T9J 19,496 rl6,536 r7.15$ *9.3*6 r311 r321 rW9 r329 r|45 r6«i6 r229 r285 *235 g?273 ?234 ?3*6 r270 P257 287 r278 r266 r286 r271 r246 r262 503 259 289 282 327 315 309 342 266 $ 25 3>ii 30.429 14,032 16,397 r30,304 rl4,499 rl5.805 r282 r301 241 r297 391 rtOl r*97 r672 r249 178 rl86 267 rl91 r359 r243 269 rtOO 283 291 f i 396 298 476 629 261 166 184 277 240 360 262 258 ?U 429 282 214 287 239 407 251 287 303 302 260 230 *95 523 507 2.177 2,168 972 1.196 3*7 592 233 326 340 316 141 1*5 13« 15,010 6,204 8,806 294 332 280 289 401 290 516 607 211 264 213 272 282 3* 227 264 267 256 255 300 248 249 29.692 14,103 15.58? 276 293 236 291 374 290 U78 663 243 ss 26 3 193 3*7 245 263 289 418 r244 ?5 492 518 508 r248 391 239 386 r208 r215 185 r275 ris6 204 192 191 155 250 170 193 489 510 501 488 497 486 S06 495 MONTHLY BUSINESS Earlier data are available in monthly issues of the Survey and the 1949 Supplement S T A T I S T l CS — Continued 1948 19U9 May August July June July August COHSTHDCTIOB AHD B£AL ESTATE - Continued Construction cost Indexes - Continued American Appraisal Co. - Continued San Francisco St. Louis A s s o c i a t e d General Contractors ( a l l t y p e s ) U50 *77 337 450 *77 3U0 446 480 340 445 *77 3*3 445 *77 3*3 161,1*30 43,081 118,349 6,71* 2,1+48 22.790 86,396 13.W *,92? *.57l 176,800 46,467 130.3J3 7,066 1.782 23,001 98,HSU 13.972 4.937 9.035 193.287 *l.*76 151,811 9,265 2,0W 31,045 104,462 rl3,432 r5,069 164,040 40,082 123.959 8,115 2,252 24,534 89.057 12,875 5.011 7,864 243 311 259 309 210.677 45,386 165.291 3.55* 2,001 33.758 119.978 rt3.863 r5,218 r6,6*5 287 292 r268 r285 r218 r280 238 264 1,293 63,842 61,615 9*163 52.k52 2.227 1.325 63,186 61,245 1,468 63.398 59.619 9.696 49,924 3.778 1,463 63,815 59.720 8,444 52,801 1,941 I.U69 61.98? 58,694 8,97* *9.720 3.289 1,466 63.637 59.9*7 8,507 51,441 3.689 53.77* U8,871 54,041 49,040 56.872 51.498 57.233 5L921 57.503 52,251 99-2 9*.6 99.3 95-6 89-1 126.5 100.82 98.3 93-2 98.1 95.0 86.9 124.4 IOO.73 1/101.0 2/91.9 2/98.9 95-7 2/81.2 129.0 101.62 1/100.9 2/91.7 2/98.7 96.3 2/80.0 127-5 101.72 1/102.0 2/91.8 3/98.6 96.9 1/79.9 127.9 103.29 68,289 90,827 51.238 67.315 50.767 67.997 49,004 67.171 72.615 87,224 do.. do.. 64,672 86,380 48,470 63.*79 47,431 63,601 46,165 63.*33 69,9*1 84,074 percent do., do.. do.. do.. 3.Oh 2.81 2.69 3.07 3.37 2.84 3.02 3.26 3.09 2.84 2.94 3.00 2.71 2.78 3.04 3.45 2.78 3.00 2.71 2.78 3.04 3.47 2.78 2.93 3-29 2.28 2.38 2.98 2.67 2.75 3.03 3.*6 2.75 2. 3 -5 2.26 2.27 2-92 2.62 2.71 2.96 3.40 2.70 2.86 3-21 2.20 2.24 3 531 3.04 3-l2| 3 191>100.. do... do... 446 474 3*2 DQMESTIG TBADB Newspaper a d v e r t i s i n g : Linage, total (52 c i t i e s ) thous. of l i n e s . Classified...-*=,, do... Display, total do-.. Automotive <...., do... Financial do... General « * do... Betail * do... All retail stores, eeti^»t«d inventories, t o t a l . . m i l . of dol. Durable goods stores .do... Nondurable goods stores . do... Department store sales. United States totals: Unadjusted index iS35=39s!00 = Adjusted index do... EMPLOYMENT CONDITIONS ASTO WAGES Labor f o r c e (Bureau of t h e Census): Armed f o r e e s Civilian labor force Employment Agricultural Nonagricultural Unemployment thousands. - • • <•-•> CHANCE »*s ** do... do... do... do... do... Life insurance, assets, admitted, all companies (Institute of Life Insurance), estimated total ...mil. of dol.. Securities and mortgages do.. Bonds: Prices: Industrial,utility,and railroad (Stan.and Poor's Corp.): High grade (12 bonds). dol. per $100 bond Medium grade, composite (l4 bonds) do.. Industrial (5 bonds) do.. Public utility (4 bonds) do.. Railroad (5 bonds) do.. Domestic municipals (15 bonds) do.. U. S. Treasury bonds (taxable) do.. Saler (Securities and Exchange Commission): Total on all registered exchanges: Market value thous. of dol face value do.. On Hew fork Stock Exchange: Market value Pace value Yields: Domestic corporate, Moody's By ratings: Aaa Aa A Baa By groups: Industrial - do.. Public u t i l i t y do.. Bailroad do.. Domestic municipal (15 bonds),Stand.and Poor's Corp.do.. U. S. Treasury bonds (taxable) do.. Stocks: Dividend rate per share: Common stocks (200 stocks), Moody's.. dollars..j Industrial (125 stocks) .... do.. Public u t i l i t y (25 stocks) do.. Bailroad (25 stocks) do.. Bank (15 stocks) do.. Insurance (10 stocks) do.. Dividend yields: Common stocks (200 stocks), Moody's percent Industrial (125 stocks) do.. Public u t i l i t y (25 stocks) do.. Bailroad (25 stocks) do.. Bank (15 stocks) do.. Insurance (10 stocks) do.. Preferred, high-grade (11 stocks) do.. Prices: Dow-Jones A Co. (65 stocks) dol. per share. J Industrial (30 stocks) ..do...J Public u t i l i t y (15 stocks) do. Bailroad (20 stocks) do. r/ Bevised. 1/ Based on 11 bonds. m 2.69 3.26 1.99 2-33 1.86 5-55 5.62 5.80 5.60 72 53 .10 3:8 2.89 3.07 2.45 2.45 3.08 3.17 l!s6 2.35 1.99 7.04 5-70 5. so ! 5.8O l 3/i 69.97 I87.05 67.99 181.77 34.65 60.29 62.34 2.20 5.38 2.77 2.82 3-26 2.04 k/Z 35.3? f:M I'il m 8.91 *-75 4.04 62.79 174.03 35-73 45.90 2/ Based on 12 bonds. 2 / Baaed 0 n 4 bonds. 4 / Based on 15 stocks. 9.647 50.073 4,095 1/103.0 ""2/92.6 2/98.2 97.7 1/81-9 129.1 103.63 2.33 2.03 2.33| 2.03 3.03 3.10 3.29 2.46 2-33 2.03 7.00 22 6.641 6.78 6.17 8.97 *.70 3.35 3-97| 6.50 6.61 6.06 8.94 4.51 3.26 3.90 9 I 33 9.28 4.76 3.52 3.98 61.61 59.25 165.59 173.3* 35.31 3* .31 *4.31 42.89 5/ Based on 14 etocks. 63.7? 179.24 36.5* *6.l4 4 MONTHLY ^mlim BUSINESS date asre available i a aostMy issus® ©f tfe® aad tha 1 9 ^ 8®&plmm% STATISTICS- Continued 1948 1949 #isly 3®Xf Price® » eontimed .l935~39«MXh _.. &<4l6 l a d a s t r i a l C365 stocks). Public u t i l i t y (31 stocks}. 131.9 138.9 127.1 133»5 97.3 119-7 117-7 123.5 95.3 95-8 112.0 117.0 93-0 88.4 117.8 123 99*5 124.7 . . a l l * of d o l . 1,108 45.256 74© 30*823 765 37.411 705 39>37 6l*6 37.950 - a l l . of d e l . 93* 32*877 62*1 21,758 639 26*709 587 28,776 526 I §9,139 I 4.U1 3,5?2 r?47 r60 212 223 S&ilroad ( 2 0 i (Securities m t o t a l OS a l l r e g i s t e r e d • Qs& l o w f o r k f r e i ^ i carloadlaggs Ours, t o t a l (««•.£.) 1 / . 1*1 & 3 Or®. is®, l . e . l . • • . . . • . • . . . . . . • • . . • . . . . . . . . • . . . . . d &$©&«««„««,*.». . • . • • • • . . • . . . . . . . . . . . . • . . • • • . . ( I r i g 551 S©n&ia®& IMffi, j u s t e d (federal leti®sre®)..«a.193§«»39»10© 1.3 m 182 66 1U5 S§®, I . S o l e *S Oar sorpl Oar shortage.• Box oaf®.... Goal esrg... .279 P a l a t , v a r s i s h , Xa©^u®r9 e t c . , ©alee, t o t a l . . . . t o c u g . of d e l 01&®ai£i@d, t o t a l do,. Xadua t r i a l » .......io.. Unclassified. . 88,800 80,234 31.013 %,221 8.566 47 19.095 5,210 12,985 94.355 89,083 3^706 51.287 8.362 27.582 52,331 9.170 r08,465 y79,546 *28.755 *50,79l 8,919 2Jlk 2,731 414 2.317 2.653 2.778 426 2*352 2,729 79.913 73,941 67,340 25,152 42,187 6,601 mi mMWMsmm® Astsooistioa)1 . . . . . . . . . a i l . o f bd. f t M @ r (lafcioa&l Production, t o t a l Softwoods...... ts, totals 3, 8.»1 6,116 1,995 4,121 3,|4€ 681 2,565 6,349 2,051 4*298 2,&7 7,743 t,%0 5*253 11,821 11*735 11*656 129l62 12,768 69,888 67.377 61.3^9 45,671 6S,1S© 68,605 63,712 45.246 77,537 52,689 35.564 75.83© ,989 ,900 II: 44,820 82,919 74,569 72,080 62,443 85,408 4,3®5 *©\6u 5,ia 53*779 484©3 47947® f3*403 35. m 3,921, 26,04© I 3*?5k 601 stocks,, gros®, m& o f a o n t a , total. 2.432 I 4lJ 2,019 8.371 379 1,992 7,859 2,582 5,277 406 368 2*361 7.776 2,548 5*228 Mffi&LS MD M&HOTj&tUBBS district)! ; upper lake port®** at®, total...... Ooaestle*...•••«...• S t o c k s , «&d o f ao&tfe*. Aiattaacife®* pro&mctioa. r/ lurtsed. 1/ Siata for J a l ^ l$k® m i Jnly 1949 ®r® for 5 1