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SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT U N I T E D STATES D E P A R T M E N T O F C O M M E R C E BUREAU O F FOREIGN A N D DOMESTIC COMMERCE AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS SELECTED BUSINESS INDICATORS ELECTRIC POWER PRODUCTION BY UTILITIES STEEL INGOT PRODUCTION (1935-39 "100) 225 SEPTEMBER 2 2 , 1950 (BILLIONS OF KILOWATT-HOURS) 200| 175 150 125 100 •i i i I i. i i I i i i I i i i i I i » • I i • i I t i i i I i i i I i i i i I i t i I i i i I i i t i MANUFACTURING EMPLOYMENT AND PAY ROLLS (UNADJUSTED. 1939*100) 400 j HOURLY EARNINGS AND HOURS IN MANUFACTURING DOLLARS i.6o r MONTHLY DATA HOURS — — — 325 ^PNOt UCTION-WO*K£fl PAY NOLLS 250 175 + PRODUCTION ^ ~ 100 1 1 1 1 1 1 1 M 1 1 1 romtats f 1 , • . , , i i i i i 1I I i I 1 n n i l i i i i i 1948 1947 WEEKLY BUSINESS STATISTICS 1949 1950 19*6 iTm Sept. 101 Sept. 17 Aug. 19 Commodity prices, wholesale: All commodities 1926*100.. 154.6 153-3 166.0 farm product* do.... 162.8 164.5 food do.... 161.3 145.4 All other • do.... 145.1 28 commodities 2/...., ...August 1939*100.. 252.5 250.8 w d Cotton, middling, 15/l6 , 10 markets V °l- V** !*•• .302 .301 Wheat, Ho. 2, hard winter (Kansas City) dol. per bu.. 2.15 2.16 Department store sales. .1935~39»100., 273 315 Insured unemployment, total thous.. 2.150 2,119 State programs do.... 1.937 1,909 Veterans1 programs .do.. •. 93 S3 finance: 27.468. Currency in circulation 3/ mil. of dol.• 27.55* 17.7SO 17.804 federal Reserve hank credit, total do.... 16,322 Member hank reserve balances do. 15.995 1.115 Sxcess reserves, estimated do.... 931 federal fieserve reporting member banks in leading cities: 20,445 16.923 Bank debits, t o t a l . . . . mil. of del.. J.J3T Hew York City do.... S.195 46,^10 Deposits, demand, adjusted do.... 46,93? 66,294 65.6S9 Loans and investments, total do.... 37.37S U. 3. Government obligations do.... 37.59* 13.007 Commercial, industrial, and agr. loans (gross).....do...„ 13.171 failures, industrial and commercial number.. 14s I85 Bond yields, domestic corporate (Moody1 s) £/*... percent.. 2.91 2.90 1 Stock prices, 4l6 stocks (Standard and Poor s) ....1935-39*100.. 122.8 125.3 Industrials, 365 stocks ....do.... 132.I 129*1 Production: 1.231 1,449 Bituminous coal 3/ thous. of short tons*. 5.25S 5,579 mectric power, by utilities mil. of kw-hr.. 152,228 Motor vehicles (ward's) ., number.. U Petroleum, crude 3/ thous. of bbl.. 4,845 Steel 4 / . ? 1935-39»100.. 17S.8 freight carloadings, total. thous. of cars.. 743 302 Miscellaneous do.... 352 1/ Data do not always cover calendar weeks. 2/ Thursday prices 3/ Daily averages. 4/ J:S "12 1950 1 164.9 175-* 174.2 154.1 310.2 •377 2.21 281 1,118 1,063 20 26,996 18,889 16,298 727 24,825 9.671 48,098 68,116 35.07S 1*.3J Aug. 26 Sept. 2 Sept. 9 166.0 176.4 174.4 155-1 316.1 167.2 179.5 176.5 155-* 319.9 -391 2.21 310 167.7 179-5 177.2 156.5 326.9 .405 2.23 295 168.9 181.7 17S.7 157.7 332.5 27.089 1S.979 16,285 540 27.156 13.218 48,995 68,583 35,082 l*.739 27.235 19.438 16,611 898 27.175 19.665 16,865 991 2.84 148.1 159.0 2.85 148.4 159.3 .380 2.19 288 I.O63 1,010 18 26,97S 18,883 16,442 802 25,838 11,305 48,561 68,176 3M94 14,512 176 2.84 150.2 161.5 .408. 2*20 a, 66s 9.312 48,5S1 68,l«69 3M9S 14,9J2 2,004 1.S37 6,029 6,459 l»l4,271 17S,3S5 171.S67 5.S39 5.690 5.629 211.7 209.8 195.7 S37 344 852 391 39S Week ending September 23, 216.9. & Sept. 16 10,556 I65 2.85 I52.2 I63.8 17S,131 *#215.2 z MONTHLY BUSINESS Earlier data are available in monthly issues of the Survey and the 1949 Statistical Supplement STATISTICS 1949 July 1950 May August June July COMMODITY PRICES Wholesale prices of selected commodities: But ler, 92-i»core (New York)... * dol. per l b . Cotton, middling, 15/16", average, 10 markets do... Eggs, extras, large (Chicago) .dol. per dos. Grains and grair- products* Corn, weighted average, 5 markets dol. per bu. Wheat, weighted average, 6 markets do... Livestock and meats: Beef steers (Chicago) dol. per 100 I D . Hogs, a l ] grades (Chicago) do... Beef, fresh, steer carcasses, good ( N . Y . ) . . . . d o l . per l b . Pork, fresh, loino, fir-10 l b . (New York) do... Metals and manufactures: Pig iron, composite dol. per long ton. Steel, composite, finished dol. per l b . Copper, e l e c t r o l y t i c (New York) do... Lead, refined, pig, desilverized (New York) do... Zinc, prime, Western ( S t . Louis) do... Wool, raw, territory, fine, secured do... DOMESTIC TRADE Mail-order and store s a l e s , t o t a l , 2 companies..-.thous.of dol. Montgomery Ward & Co .do - . . Sears, ttoebuck and Co < -, do... 2MPL02M3NT AfcB WAGES Huployees in nonagr. establishments,total,unadj thousands. Manufacturing. * , do... Mining do... Contract construction do... Transportation and public u t i l i t i e s do... Trade do... Finance do... Service do.,. Government do... Production workers in manufacturing industries,total....do... Durable-good8 industries do... Ordnance and accessories do... Lumber and wood products (except furniture) do... Sawmills and planing mills do... Furniture and fixtures do... Stone, clay, and glass products do... Glass and glass products do.. • Primary metal industries do... Blast furnaces, steel works, and rolling mills....do... Primary smelting and refining of nonferrous metals thousands. Fabricated metal products 1/ do... Heating apparatus and plumbers' supplies 2/ do... Machinery ( except electrical) do... Electrical machinery . do... Transportation equipment do — Automobiles do... Aircraft and parts do... Ship and boat building and repairs , do.. • Railroad equipment do... Instruments and -related products * do... Miscellaneous manufacturing industries. do... Nondurable-goods industries do... Food and kindred products do... Meat products do... Dairy products do.., Canning and preserving . do... Bakery products do... 0.599 .3209 •533 0.618 .3104 •559 0.600 •3290 •317 O.599 •3381 •342 O.603 0712 • 398 1.327 2.096 1.256 2.185 1.480 2.365 1.U62 2.297 530 300 25.86 18.23 .U31 .546 26.28 19.09 .438 .558 29.02 18.41 30.13 18.18 .488 .480 30.67 20.65 .498 .579 U6.62 .Oh 20 .1706 .135§ .0936 1.600 46.62 .0U20 •1733 .1503 .1000 1.525 47.2s .0438 .1961 .1172 1.698 47.28 .0>I38 .2200 .1181 .1465 1.760 47.28 .0438 .2220 .1166 .1500 1.800 240,1?6 77.005 163,121 280,233 95,517 184,716 311.492 97,705 213.787 317.043 96,389 220,654 356,756 104,957 251.799 *2.573 13.757 943 2,277 4,007 9.220 1,7*0 4,651 5.733 11,211 42,994 14,114 956 2,340 3.992 9,213 1,780 4,836 5.947 r4 ? ,952 rl4,667 r947 r2,4l6 *.02"3 r9,41& 1,826 r4,827 5.832 rl2,070 6,598 19 r742 r441 r44,062 ri.4,763 r922 r2,524 14,058 1*3.374 rl,832 r4,84S 5.741 rl2,l40 5,894 r43,311 rl4,4l3 r940 r2,2U5 r3.885 r9,326 1,812 4,790 5,900 rll.841 r6,k56 19 723 430 r303 r432 116 rl t 026 529 46 742 119 1,022 r606 rl,045 736 rl85 67 46 769 122 1.034 r6l5 rl,077 r763 rl87 69 49 rl80 367 r5,472 1,142 r233 rll4 rl50 191 rl57 75 rl,173 581 211 r975 135 19 676 407 253 400 101 Sty 506 U2 671 92 939 505 1,011* 670 192 86 59 170 313 5.317 1,224 227 122 220 191 169 82 5.763 11,561 18 686 414 26 3 412 107 932 498 41 688 100 927 507 998 678 I85 80 .1197 48 1.350 229 116 339 194 165 91 1,092 530 211 1,040 131 235 306 371 191 486 141 161 458 135 60 42 190 150 Beverages do... Tobacco manufactures do... Textile-mill products do... 1.057 Broad-woven fabric mills , do... 518 Knitting m i l l s do... 200 Apparel and other finished t e x t i l e products do... 942 1 Men s and boys' s u i t s and coat s do... 116 Men1 s and boys' fund shing* and work clothing do... 221 Women's outerwear , do... 263 Paper and a l l i e d products do... 365 Pulp, paper, ana paper board mills , do... 188 Printing, publishing, and allied industries do... 485 141 Newspapers do... 162 Commercial printing dc... Chemicals and a l l i e d products do... Industrial organic chemicals do*.. Drugs and medicines do... Paints, pigments, and f i l l e r s do... Products of petroleum and coal do... I89 Petroleum refining do... 150 http://fraser.stlouisfed.org/ r/ Revised. £ / Preliminary. 1/ Except ordnance, machinery, and transportation equipment. Federal Reserve Bank of St. Louis s .474 .485 176 r362 r5.385 1.090 227 108 rl27 riui 76 rl,l62 573 213 r976 129 r239 254 392 202 498 149 164 »485 148 61 46 a Zl 118 rl,051 538 400 205 501 150 166 483 150 62 47 181 138 r6,592| r747 302 r439 rl,0« llU 3 *5 r770 120 rl,032 r623 rl,06S 75* 189 68 48 rlSO r^57 r5.#8 rl t 229 235 116 221 194 163 75 rl,159 573 209 r977 127 230 263 397 204 r500 150 165 479 1 48 182 139 2/ Except e l e c t r i c a l heatin* atmAT»«tn- MONTHLY BUSINESS Earlier data are available in monthly issues of the Surrey and the 1949 S t a t i s t i c a l Supplement S T A T I S TICS—Continued 19^9 July 1950 August May June July August BCPLOYMENT AND WAGES - Continued Production workers in manufacturing industries - Continued Nondurable-goods industries - Continued Rubber products thousands. Tires and inner tubes do.. • Leather and leather products do... footwear (except rubber) do... Manufacturing production-worker employment index, total: Unadjusted (U. S. Department of Labor) 1939^100. Adjusted (Federal Reserve) do... Manufacturing production-worker payroll index, unadjusted (U. S. Department of Labor) , 1939*100. Hours and earnings (U. S. Department of Labor): Average weekly hours per worker, a l l manufacturing. ..hours. Durable-goods industries do... Nondurable-goods industries do... Average weekly earnings, a l l manufacturing dollars. Durable-goods industries do... Nondurable-goods industries do... Average hourly earnings, a l l manufacturing do. • . Durable-goods industries .do... Ordnance and accessories ....,....-...• do... Lumber and wood products (except furniture) do... furniture and fixtures do... Stone, clay, and g l a s s products do... Primary metal industries do... fabricated metal products 1/ do... Machinery ( except e l e c t r i c a l ) do... Electrical macninery do... Transportation equipment do... Instruments and related products do... Miscellaneous manufacturing industries do... Nondurable-goods i n d u s t r i e s , . , - . . . .do,. . Pood and kindred products do... Tobacco manufactures do... Textile-mill products do... Apparel and other finished t e x t i l e products do... Paper and a l l i e d products do... Printing, publisning, and a l l i e d industries do... Chemical3 and a l i i e d proaucts do... Products of petroleum and coal do... Rubber products do... Leather and leather products do... PLVATOS Bank debits, total (141 centers) New York City Outside New York City Bonds: Yields: Domestic corporate, Moody1 s By ratings: Aaa Aa A Baa By groups: Industrial Public, u t i l i t y Railroad Stocks: Dividend rate per share: Common stocks (200 stocks), Moody's Industrial (123 stocks) Public u t i l i t y (24 stocks) Railroad (25 stocks) Banks (15 stocks) Insurance (10 stocks) Dividend y i e l d s : Common stocks (200 stocks), Moody1 s Industrial (123 stocks) Public u t i l i t y (24 stocks) . . . Railroad ( 25 stocks) Bank (15 stocks) Insurance (10 stocks) - 177 82 342 226 180 81 356 234 194 86 335 218 199 88 I36.9 138.9 141.1 139.6 144-5 147.2 rl47.3 148.9 rl48.2 rl50-5 312.8 323.0 r348.0 r36l.9 367.2 38.8 38.8 39.1 39.3 38.9 54.70 57.89 51.31 1.399 1.473 1.472 1.299 1.230 I.368 1-581 1.468 1.531 1.451 660 40.4 M.3 r39-4 r58.70 r62.90 r53-74 rl.453 rl.523 rI.521 rl.358 rl.258 1.415 rl.630 1.514 1.583 rl.450 Pl.723 rl.449 rl.299 rl.364 rl.342 1.087 1.207 1.168 1.394 rl.879 rl.507 I.8I5 I.562 1.173 r40.5 r4l.l 39.8 P59-21 r63.05 r54.65 rl.462 rl.53* rl.529 1.371 rl.275 rl.436 rl.646 rl.522 rl.594 rl.469 rl.724 rl.445 rl.305 rl.373 rl.346 rl.094 rl.210 rl.193 rl.4l3 rl.877 rl.529 rl.830 I.585 rl.173 p4l.2 p4l.7 p4o.6 x>60.28 p64.09 P55-78 pi .463 pl.537 Pl.53? ?1.384 pi.287 t>l.43S pi.644 Pl.527 Dl.603 uL.482 247 319 271 997 180 175 346 1.836 1.451 1.796 1.507 1.129 r39-9 r40.8 38.9 r57-5* r6l-57 52.83 1.^42 1.509 rl.515 rl.336 rl.250 1.404 1.619 rl.496 1-576 1.453 i.698 rl.444 rl.302 1.358 1.339 1.081 r1.204 I.I56 1.373 rl.877 rl.485 rl.805 I.566 rl.174 88,353 36,467 51,886 88,536 36,070 52,466 100,291 41,463 58,828 107,102 ^3,781 63,321 98,500 38,757 59,743 115.520 50,067 65,*53 percent. do.. • do... do... do... do... do.-.. do... 2.98 2.67 2.75 3.03 3-46 2.75 2.89 3.29 2.92 2.62 2.71 2.36 3.40 2.70 2.86 3-21 2.86 2.61 2.69 2.88 3.f5 2.65 2.81 3.12 2.87 2.62 2.69 2.90 3-28 2.66 2.81 3.15 2.90 2.65 2.72 2.92 3.32 2.69 2.83 3.19 2.85 2.61 2.67 2.87 dollars. do... do... do... do... do... 3.04 3-12 3.03 3.10 1.66 2.46 3.32 3.51 1.74 2.64 2.47 2.41 1.74 2.04 2.48 2.Hi percent. do... do... .do... do... do.. • 6.64 6.78 5.36 8.97 4.70 3.35 mil. of dol. do... do... 38-7 ^.63 5701 51.55 .1+08 ^77 ,480 .288 • 240 .368 .589 .466 .530 .447 .661 .39U .250 .332 .296 .021 .182 •159 •352 .82p .464 .808 .520 .128 2.kG 2.33 2.03 2.33 2.03 rl99 87 351 230 3-3* 6.17 6-35 5.6O 6.92 4.54 3-41 pao "P373 P155-* pl54.6 T>1.724 pi.445 Dl.319 Pl.374 pi.336 •Dl.109 T)1.218 pi.221 Dl.423 Dl.890 pl.53* pl.819 pl.596 nl.192 2.66 2.80 3.08 3.63 3.91 1.78 2.05 2.48 2.43 6.17 6.36 5.99 5-89 4.50 3.74 6.39 6.66 5.9* 5.99 4.50 3.51 TRANSPORTATION Freight carloadingsJ Combined index, a d j u s t e d ( F e d e r a l R e s e r v e ) : Total, adjusted 1935-39*100. 110 117 Coal do... 103 79 Coke do... 123 118 Forest products do... 125 117 Grains and grain products do... 138 177 Livestock do... 77 70 Ore do... 160 177 Merchandise, l . c . l do... 57 55 Mi scellaneous do... 120 127 http://fraser.stlouisfed.org/ r/ Revised, j>/ Preliminary. 1/ Except ordnance, machinery, and transportation equipment Federal Reserve Bank of St. Louis 122 119 181 134 127 66 121 51 133 192 144 130 61 179 52 138 rl26 rl05 195 148 135 61 186 140 126 194 155 139 60 190 £ 4 MONTHLY BUSINESS Earlier data are available i n monthly Issues of'the Survey and the 1949 S t a t i s t i c a l Supplement ST A TIST ICS—Continued I95O 191*9 July August May June July 18,970 81.6 382,753 **,175 *43 1,070 3,31* 960 FOODSTUFFS Wheat flour: Production: Flour. thous. of sacks (100 l b . ) . Operations, percent of capacity °. Offal short tons. Grindings of wheat thous. of bu. Livestock slaughter (Federally inspected): Calves thous. of animals. Cattle ....do... Hogs .do... Sheep and lambs do.. = Stocks, cold storage, end of month: Apples, fresh -thous. of bu. Butter, creamery. thous* of lb. Cheese, total .do... Fruits, frozen .*do... Vegetables, frozen , .do. •. Bggs, shell thous. of cases. Eggs, frozen thous* of lb. Meats, total do... Beef and veal do... Lamb and mutton do... Pork, total .....do... Fresh and cured .do... Lard do... Miscellaneous meats and meat products: Sdible offal do... Canned meats and sausage and sausage room prod. . . . d o . . . Poultry do... 18,889 80.4 380,152 44,021 19,826 73-5 404,598 46,358 18,360 71.3 369,090 42,690 17,675 68.9 353,333 41,065 501 1,090 3,l6§ 976 5*9 1,232 3,*1J 1,126 49& 1.075 *,338 941 485 1,066 *,15* 1,019 1,289 136,867 208,986 287,^5 221,119 3.*12 179.732 802,335 78,844 , 7,099 620,661 1492,194 128,467 46,631 49,190 136,5*8 165 56,671 41,209 71,261 412 153,?55 210,411 339,588 315.788 1,426 146,868 520,187 72,053 6,869 351,997 283,178 68,819 5*,958 3*.310 83,466 thous. of long tons. 12,768 11.315 thous, of short tons. 5,725 71.0 *,535 432 125 125 550 136,786 185.517 327,090 237,8^7 1,936 l6S,39* 643,456 75,627 6,651 *63,2?s 367,0*3 96,255 c 254 ',2*6 356,409 235,955 3,667 188,476 769,418 67,291 6,681 605,619 *69,36l 136,258 r!15 r230,063 r280,948 r4l4,557 r283,33* 5,163 *3.875 *5,952 122,328 rl7*,76l r6*9,326 r66,051 r6,079 r50l,0l5 r39*,*02 rl06,6l3 r4lt288 r3*.8§3 rl03,367 9,*96 11,738 12,70* 6,723 82.3 *.9l8 8,552 101.3 6.253 rS,132 99-* 6,192 8,071 9*-7 5.669 465 156 els 182 1,290 481 196 1,377 702 138 241 803 467 189 1/1,768 693 138 229 807 447 186 1/1,735 59* 156 250 703 ?93 152 1/1,728 do... do... do... do... do... 76 125 290 4l€ 24l 106 153 300 322 33* 15* 200 364 432 456 157 187 361 438 *7l 115 177 420 35* short tons. do... .....do... .do... 62,449 85,638 ^5,316 212,817 62,279 85,577 90,739 217,167 83,262 112,388 113,837 51,020 96,75* 113,961 126,047 50,327 rS§,378 96,73* 95,985 *8,266 rl.353 r721 r5S0 r53 1,7*9 862 2,047 1,021 921 106 r2,029 rl,033 rS90 rl06 1,809 938 782 89 454,426 r663,008 728,827 841,227 610,555 20,134 19,00s 5,984 299 5,622 79.6 30,94l 19.747 8,827 384 8,267 102.5 21,458 20,229 9.*67 *73 8,935 128.1 21,474 20,221 11,076 452 10,435 123.0 a , 79* 20,525 7,75* 1)08 7,284 110.9 58.8 13.7 69.2 19.4 76.8 25-5 78.0 24.5 r79-* r25.8 48.6 16.8 41.9 12.8 15-6 5.5 14.4 METALS AND MANUFACTURES Iron ore (Lake Superior d i s t r i c t ) : Shipments from upper lake ports Steel ingots and s t e e l for castings: Production Percent of capacity Steel products, net shipments, total Bars, hot rolled: Carbon and alloy Beinforcing Semimanufactures Pipe and tubes Plates Bails Sheets Strip: Cold rolled Hot rolled Structural shapes, heavy Tin plate and terneplate Wire and wire products Copper: Production: Mine or smelter Befinery .\ Deliveries, refined, domestic Stocks, refined, end of month do... do... do... do... do • . . do... do... do.. • PAPER AND PBINTXNG All paper and paperboard mills (Bureau of the Census): Paper and paperboard product ion, total.... thous. short tons. Paper .do. i. Paperboard .do... Building board do... TEXTILE PRODUCTS Cotton: 2/ Consumption bales. Manufactures, spindle a c t i v i t y (cotton system spindles): Active spindles, l a s t working day, total thousands. Consuming 100 percent cotton do... Spindle hours operated, a l l fibers, total mil. of hr. Average per working day hours. Consuming 100 percent cotton .mil. of hr. Operations as percent of capacity Bayon: Consumption: Filament yarn .mil. of l b . Staple f i b e r . . do... Stocks, producers 1 , end of month: Filament yarn do..., Staple fiber do... DigitizedvjforF.evised. FRASER 1/ Includes e l e c t r i c a l strip. represented. 11 5.9 r4.6 2/ Data for June 195O cover 5 weeks; other months, 4 weeks; prior to 1950, calendar months >
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