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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