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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 OF FOREIGN AND DOMESTIC

COMMERCE
SEPTEMBER

AVAILABLE ONLY WITH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS

SELECTED

BUSINESS

5, 1947

INDICATORS
ELECTRIC POWER PRODUCTION BY UTILITIES

STEEL INGOT PRODUCTION

(BILLIONS OF KILOWATT HOURS)

11935-39-100)
veenr OAT A

WSSKLV

DATA

•i 1,1 L U I J ^ L J U - I J L J U ^ L J L L J I I I I L.L l-JL..l„.l..l.,

INDUSTRIAL PRODUCTION

HOURLY EARNINGS AND HOURS IN MANUFACTURING

(SEASONALLY ADJUSTED, 1935-39-100)
400

h
_.

HOURS

DURABLE
^MANUFACTURES.

"**"LTN^.

325

260

DOLLARS

MONTHLY M T A

KSa! acj !w,

*

*

^

mn»J_™.

TOTAL INDUSTRIAL
PRODUCTION

NONDURABLE'
MANUFACTURES

A
••"

•

\
\

1

•~^a

'

1945

„

- ^ =

100 -JuJL 1 1 j J L l _ l _ l . . LJL • J U - J U - 1 1 1 1 1 LJL..J_L.,i_LJ. 1 1 1. _L-i_
1

1944

•

1946

WEEKLY

M

1 1 1 1 .1 1 1 L J. 1 .901 I I I I l I l l l I I 1 I I l t I 1 I I I I I I I I I I I 1 J I 1 I ,1 1 I J U 1 I ! I i lU-JLJ 38

1944

1947

BUSINESS

1945

STATISTICS

1946

W

ITEM

JAugust 30 August 23
Commodity prices, wholesale:
All commodities 2/
1926=100...
farm products
do....
food
,..,,.....,...,,
do....
All other 2/
do....
28 commodities ]J
August 1939=100..
M
Cotton, middling, 15/l6 , 10 markets 4/
dol. per lb..
Wheat, No. 2, Hard Winter (Kansas City) £/
dol. per bu..
Department store sales
1935-39=100..
Insured unemployment, total 6/
thous..
Stat e programs
do....
Veterans' programs
do... •
finance:
Currency in circulation 4/
mil. of dol..
federal Reserve bank credit, total
do....
Member bank reserve balances
do....
£xcess reserves, estimated
do....
federal Reserve reporting member banks in leading cities: Jj
Sank debits, total
mil. of dol..
tfew York City
do....
Deposits, demand, adjusted.........
do....
Loans and investments, total
,
do....
U. 8. Government obligations....
do..*.
Commercial, industrial and agricultural loans
do....
failures, commercial
number..
1
Bond yields, domestic corporate (Moody s) 8
percent..
Stock prices, 402 stocks (Standard and Poor s)..1935-39=100..
Industrials, 354 stocks
.'...'. .do....
Production:
Bituminous coal 4/ 8/
thous. of short tons..
Slectri*. power, by utilities
mil. of kw-hr..
Motor vehicles (Wards) 2/
number. •
Petroleum 4/
thous. of bbl..
Steel
1935-39=100..
freight car loadings, total
thous. of cars..
Miscellaneous
do....

306.3
.330
2.^3

22,478
16.U93

123.3
128.9

I83.I

153.5
181.4
172.3
136.6
305.1
.340

28,252
22,636
16,407
792

28,228
22,494
16.428
849

"MS
S:K

16,868
6,298

38.527
12,301
59
2.79
124.4
130.2
1,992
*.953
8*. 739
5.153
181.9
901
396

1946

August 16I August 9

152.7
181.4
172.3
135.4
305.5
.345
2.29
225
1,802
1,042
722

63.513
38,588
12,238
78
2.79
124.4
130.0
1.958
4,923
83.501
5.159

»U

i947

1

152.2
181.2
171.1
135-2
307.1
.356
2.29
223
1,844
1.079
727
28,216
22,211
16,409
813
17.830
7,000
46,809
63.629
38,735
12,092
60
2.79
125.7
131.6
1.968
M74
79.017
5,105
186.0
905
220.

August 2 August 31 August 24

151.3
180.8
168.0
13^.7
306.2
.363
2.27
220
1,886
1.115
733
28,140
22,310
16.35*
798
1S,0$4
47,145
63.^79
38,739
11,967
69
2.79
125.1
130.9
1.950
4,806
97.712
5,088
185.0
922
398

128.2
157.1
150.9
111.0
241.1
.36O
1.95
281
2,5*2
1,5!
28,403

24,102
15.867
714
17.200
6,297
45,625
?8.375
46,8*4
9.444
28
2.73

128.4
160.9
148.1
111.0
241.0
.35?
1.94
2.694
1,014
1.633
28,367
24,109
15.933
8O5
19.029
6,848
45,504
68,(23
47,013
9.3*3
17

352

146.9
150.9

2,086
4,404
74,960
M33
176.5
908

2,026
4,444
91.36O
4,836
177.1

m

397
1/ Data do not always cover calendar weeks. 2/ See note in January 1, 1947 issue. J/ Thursday prices. 4/ Daily average. 5/ Data for
1947 include dark hard winter not included previously. 6/ for description see note in July 13, 1946 issue. 7/ Shown on a revised basis
beginning in
Supplement for July 18, 1947. 8/ Continues series from Bureau of Mines published in the Supplement through the June 6, 1947
issue. 2/ B a t & •*• f o r U. S. and Canada and include passenger cars, commercial cars, and trucks.



2

MONTHLY

BUSINESS

Earlier data are available in monthly issues of the Survey
and the 1942 Supplement

STATISTICS
19*7

July

June

19M6
May

April

July

BUSINESS INDEXES
Industrial production (Federal Reserve):
Unadjusted, combined index
:
Manufactures
Durable manufactures
Iron and steel
Lumber and products..
Furniture
Lumber
Machinery
Nonferrous metals and products
'.
Smelting and refining..
Stone, clay, and glasB products.....
Clay products
Transportation equipment
Automobiles
Nondurable manufactures
Chemicals
Industrial chemicals
Leather and products
Leather tanning
Shoes
Manufactured food products
Meat packing
Processed fruits and vegetables
Printing and publishing
fiubber products
Textiles and products
Cotton consumption
fiayon deliveries
Wool textile production
Minerals
Fuels
Anthracite
Bituminous coal
Crude petroleum
„
Metals
Adjusted, combined index 1/
Manufactures
T
Durable manufactures
Lumber and products
Lumber
Nonferrous 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
,

1935-39=100.
do. •.
do...
do...
do...
do...
do...
do...
do.,.
do...
do...
do...
do...
do...
do...
do...
do...
do...
do.. •
. .do...
do •..
do...
.do.. •
do...
.do...
do •. •
do.. •
do...
do.. •
...do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do...
do.. •
do...
do...,
-do...
do. • •
do...,
do...,
do...,

plSO
pl86
p210
181
pl*l
P157
P 132
p26S
plSO
pl99
PI65
P 223
P 1S9
pl66
p2*9
1*36

pl68
pl*3
P176
pl37
p210
P i*4
118
26>+
P l44
P l43

P93
P117
pl58
Pl78
pl«5
P209
P133
p!21
plSl
pl?S
PI65
PI65
P252
pl58
P152
pl?6
PW7
P139

rl85
r!9l
r219
193
rll+8
159
rl42
r275
rl79
rl87
r209
rl63
r233
rl91
rl69
r247
r440
107
112
103
rl55
150
101
146
r2l6
15*
rl33
r263
154
rl52
153
rllO
1*7
159
rl49
rlS4
rl9l
r2l8
rl4l
rl31

rl79
188
r207
rl65
rl6S
r250
108
115
rl55
rl52
r

I85
191
218
197
1*3
158
136
273
187
198
206
162

185
.193
222
195
14 3
161
13*
276
195
203
208
160
237
193
169
253

224

252
434
113
119
110
149
151
89
1*5
220
164
148
271
161
15*
156
104
168
157
139
I85
191
218
141
132
187
198
200
162
170
253
113
119
155
151

*33
115
118
113
144
139
88
144
234
166
15*
270
159
144
102

112
187
19*
222
144
135
195
203
211
164
172
251
115
119
158

number.
do...
do...
do...
do...
do...
thous. of del.
do...
do...
do...
do...
do...

299
30
17
107
105
40
37.137
19.86J
384

12,466
2,280
2,l44

EMPLOYMENT CONDITIONS AND WAGES
Sours and earnings (U. S. Department of Labor) i
Average weekly hours per worker, all manufacturing...hours..
Durable goods industries.
do....
Nondurable goods industries
do....
Average weekly earnings, all manufacturing
dollars.!
Durable goods industries
do....
Nondurable goods industries.
do....

283

21
23
95
108
36
18,982
610
664
14,220
1,614
1.87*

126
172
177
202
129
121
140

157
235
103
99
165

144
141

pl24

3
145
103

BUSINESS POPULATION
Industrial and commercial failures*
Grand total
Commercial service
Construction
Manufacturing and mining
Betail trade
Wholesale trade
Liabilities, grand total
Commercial service
Construction
Manufacturing and mining
Betail trade
Wholesale trade

9*
106
161
15*
228
115
211
145
127
239
144
150
153
128

127
155

&2

rl48
P127

17*
178
203
180
137
1*4
133
243
150
139
193
1*7
241
176
159
232
396
101

378
33
20
155
119

277

7*

S

7

17.326
739
321
10,971
3.037
2,258

16,080
1.015
247
11,822
1.503

117
84
£

37

i.*93

17

5
3.*3*
*13
162
1.9*8
833
76

rto.3
40.1
40.0
39.7
rMo.6
40.5
40.7
r39-8
*39-8
4o!l
39.6
48.46
r49-37
*3-38
r*7-50
'52.95
46.24
93
*0.46
r45.47
r/ Bevlsed. £/ Preliminary. 1/ Indexes for which seasonal factors have been fixed at 100 are not shown; •ae unadjusted series.




P39-9
pUO.O
P39-8
P^.25
P52.*l
P*5-89

MONTHLY

BUSINESS

Earlier data are available in monthly issues of the Survey
and the 1942 Supplement

3

S T A Tl S T l C S — Continued
19*7

July

June

1946

May

April

July

EMPLOYMENT CONDITION'S AMDtfAGES- Continued
Hour8 and earnings ( U. S. Department of Labor) - Continued.
Average hourly earnings, all manufacturing
dollars.
Durable goods industries
...do...
r
Iron and steel and tneir products
do...
Electrical machinery
do...
Machinery, except electrical
do...
Automobiles
do...
Transportation equipment, except automobiles
do...
Nonferrous 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...
Textile-mill products and other fiber mfrs
do...
Apparel and other finished textile products
do...
Leather and leather products
do...
Food and kindred products
do...
Tobacco manufactures
do...
Paper and allied products
do...
Printing, publishing, and allied industries
do..*
Chemicals and allied products
,
do...
Products of petroleum and coal
do...
Rubber products
do...
CHEMICALS AM) ALLIED PRODUCTS
Oils, fats, and by-products:
Animal, including fish oil:
Animal fats:
Production
Stocks, end of month
Greases:
Production
Stocks, end of month
Fish o i l s :
Production
Stocks, end of month
Vegetable oils, totals
Production, crude
Stocks, end of month:
Crude
Hefined
Cottonseed oil, refined:
Production
Stocks, end of month
Linseed oil:
Production.
Stocks, end of month
Soybean oil:
Production:
Crude
Refined
Stocks, end of month:
Crude
Refined
Oleomargarine:
Consumption (tax-paid withdrawals)
Production

PI.23U
pl.310

Pl.153

rl.227
rl.303
1.363
1.295
I.362
1.484
.388
.285
.056
.062
.191
rl.l4l
1.024
.994
I.O52
1.127
.949
1.167
1.501
1.232
1.464
1.423

1.208
rl.278
rl.333
1.264
rl.33^
rl.463
rl.376
rl.260
rl.025
rl.047
rl.173
rl.130
1.025
.988
I.O33
1.110
r.948
1.135
rl.487
rl.211
rl.448
I.430

1.121
rl.462
1.192
rl.418
1-397

1.057
1.009
.877
.941
•95*
.986
.851
007
2S7
098
355
292

1.186
1.243
rl.280
1.210
rl.308
1.406
rl.363
rl.234
.990
rl.032
1.149
1.122
1.027

-999

1.029
1.097

.949

1.093
1-177
216
158
232

s

166
.910

.937

thous. of lb.
do...

238,814
444,602

255.713
428,3,604
"

262,265
389,074

230,470
339,877

193.029
180,883

do...
do...

46,611
101,964

48,260
98,827

48,613
84,829

U6.735
69.983

45,042
103,285

do...
do.•.

21,739
65.152

10,927
59.041

1,301
57.728

1.577
66,335

27.874
79.276

do...

278,083

r283,497

312,998

355.646

261,291

do...
do...

582,197
359.489

r585.873
r385,425

578,705
391,931

557,291
353.193

406,629

do...
do...

26,287
171.3*2

35.750
203,856

us,730
217,204

71.126
207,411

ri5.l96
263,15*

do •..
do. •.

32,250
157,724

32.057
144,544

25,064
134,627

28,850
131.769

75,884
121,810

.do...
do...

125.706
99.620

rl22,436
83,890

135.889
92,605

141,456
115.877

116,508
96,301

do...
do...

125.792
142,440

rl22,760
r128,141

108,829
114,604

89,302
91,327

146,866
103,110

39,649
4l ,400

36,493
37.730

39.376
U6.716

37,2|2
*7,262

24,469
20,244
4,225

25.009
20,776
U.203

24,652
20,504
4,148

22.583
18,620

9,044
8,776
9,453

8,342
7,939
9.565

7.983
7.511
9,538

7,*35
7.029
9,399

r7.*21
r7.251
r7,9*l

13.726
5.650
529,523

l6f4l6
6,037
525,828

516,738

27.U56
8,650
506,031

rl6,046
rl2,l65
r421,391

7.197
2,975
468,432

9.932
3*278
464,825

14,099
3*183
*57.9*l

17,123
4,44$
^49,351

8,526
r4,895
r376,218

7,831
7,012

7,004
6,518

6,691
6,159

9,3*2
8,675

rl4,520
rll,S23

do...
do...

503.350

ELECTRIC POWER
Slectric power, production, total
Utilities
Industrial establishments

mil. of kw. hr.
do...
do•. •

24,938
20,782

M56

3.963

FOODSTUFFS AND TOBACCO
Fermented malt l i q u o r s :
Production
thous. of b b l .
Tax-paid withdrawals.
do...
Stocks, e*id of month
do...
Distilled spirits:
Production
thous. of tax g a l .
Tax-paid withdrawals
do...
Stocks, end of month
do...
Whisky:
Production
do...
Tax-paid withdrawals.
do...,
Stocks, end of month
do...
R e c t i f i e d s p i r i t s and wines, production, t o t a l
thous. of proof g a l .
Whisky
do...
jr/ Revised,

js/ Preliminary.




4

MONTHLY

BUSINESS

Sarlier data are available in monthly issues of the Survey
and the 1942 Supplement

S T A T IS T IC S — Continued
19*6

19*7
July

June

May

April

July

PGODSTOTS AND TOBACCO - Continued
Dairy products, productions
Butter, creamery (factory)
thous. of lb..
Cheeew, total (factory)
..do-...
Condensed and evaporated milk:
Condensed (sweetened):
Bulk good8
do....
Case goods
do.. •.
Evaporated (unsweetened), case goods
*
do....
Dried eklm milk;, total
»
do....
Por human consumption.
.......
do....
Meats, production, total
...mil. of lb..
Beef and veal
thous. of IT)..
Lamb £>»d sm&ton
*
.do
Fork, including lard.. 0
.do....
Lard...
do....
Coffee, v i s i b l e supply
. t h o u s . of b a g s . .
Tobacco, manufactured p r o d u c t s :
Consumption ( w i t h d r a w a l s ) :
Cigarettes:
ffax-fres......
.millions..
Eax-paid
.
. o. . d o . . . .
C i g a r s , t&^p&id*
..
thousands..
Manufactured" tobacco and snuff., t a * - p a i d . . „ t h o u s . of l b . .

lUS.855
136,155

rl57,120
rl52,125

ri46,455
rl44,0i5

rll6,530
rl!5,540

129,957
U7.578

76,555
15.025
31+7,600
81,830
78,500
1.509
702,877
53.172
753.173
11*8,100
1,003

116,620
12.950
410,000
102,020
96,730
1.490
670,038
5*.823
756.848
146,690
1.132

111.875
13,000
416,200
91.665
88,200
1.525
705.739
60,183
758.646
144,207
1,222

82,800
11,850
320,500
77.390
75,040
1,438
679,933
60,737
697.129
128,445
1.357

112.694
10,84-A
335.3*9
75,866
74,218
1,581
674,964
68,844
837.553
123,3*8
2,122

29,549
439,108
21,008

2,269
29.097
432.527
18,792

2,966
25,068
473.968
16,111

2,S05
27->93
416,270
19,716

2,487
25,440
439,396
20,949

3*.104

l/r36,404

39.525

34,104
300

l/r36,404
359

29,805
1,485
2,276
3.987
8,280
13.777
1.532
2.252
215

32.178
1.367
2,376
4,287
9,042
15,106
1.55*
2.r-

39.525
375
3M79
1,449
2.708
4,690
9,191
16,841
1,749
2.364
158

LKA5BUR m> PRODUCTS
Soot and shoe p r o d u c t i o n , fcc-t&i, *, - . . . . . . . . « . . t h o u s . of p a i r s * .
Gtaverntaent shoes
•>
..
•. . d o . . . .
C i v i l i a n shoes, t o t a l . - . . . , .
do....
Athle t i c
,
do....
Dress and work, including plsyshoes, etc.:
Leather uppsra, total.
, * ........ ...<.... «„....».do
Boys' and youths 1 *..................
-do.. *.
Infants'
.......
do....
Misses' and c h i l d r e n ' s
«,....
do....
r.
1
Men e » . . .
....
do...,
Women's.
do....
Part leather a»& nonieather uppers
do....
Slippers and moccasins, aoueewear
do....
All other footwear
*
do....

y

37.021
139

c
36,382
536
26,504
1,502
2,456
3,346
7,662
11,538
4.693
4,980
169

METALS A1IP MANUFACTURES
Pig iron, production
thou&. of short tons.
Lead, refined:
Production, total
short tons.
Prom domestic ore
do...
Shipments
*
do...
Stocks, end of month
»
do...
foundry equipment:
Sew orders, net, total
..1937-39=100.
Hew equipment
do •. •
Repairs...
do...
Pumps, steam, power, centrifugal and rotary:
Orders, new
,.,*.
...thous. of dol.

4,535

4,810

5.081

4,830

4,705

46,012
42,536
52.5*9
31.290

}*5.235
41,505
54,627
37,836

53,822
49,984
50,482
*7.233

53,424
48,995
50,568
44,834

34,029
32,622
35.591
3L396

45f.7
426.1

649.9
658.9
620.7

5*8,6
525.9
623.0

44!5-9
727.9

481 .,1

2.999

2,973

3.638

4,014

of bbl.
do...

153,604
152.978

153.3*8
156,024

1*1,210
149,228

150,541
152,586

do.-.,
do...

237.278
5.*29

237.768
5.825

235.710
5.953

224,351
4,968

do...
do...

24,214
36,977

24,95*
37,328

22,925
3*.*38

24,589
36,060

do...
do...

39.676
*3.515

3*.279
39,992

30,268
36,455

46,439
45,446

do...
do...
do...

69,847
61,855
10,505

68,535
60,681
10,392

63,37*
55,502
10,803

67,**5
59.921
9,558

do...
do...
do...

81,160
8,6l4
5.*52

86,727
8,482

92,719
5,604

79,38*
8,39*
7,33*

do...
do...

4,427
8,281

4,608
8,070

4,267
7,936

3,620
7,293

565.3
3.1*8

H2.1

PETROLEUM AND COAL PRODUCTS
Crude petroleum:
Consumption (runs to stills)
thous.
Production
Stocks, end of month:
Refinable in U. 5
Heavy in California
Refined petroleum products:
Gas and fuel oils:
Production:
Qas oil and distillate fuel oil
Residual fuel oil.
Stocks, end of month:
Oas oil and distillate fuel oil
Residual fuel oil
Motor fuel:
Production, total
*. -,
Gasoline and naphtha from crude petroleum
fiatural gasoline and allied products
Stocks, gasoline, end of month:
.Finished gasoline.....
Unfinished g a s o l i n e .
Hatural gasoline
Lubricants:
Production
Stocks, r e f i n e r y , end of month
tl

Revised.

5.566

9,oop

1/ Includes minor revisions not available for the detail. 2/ Jtfot reported separately; data included with civilian.