SCB_111952

NOVEMBER 1952

U. S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS

No. I!

N O V E M B E R 1952

PAGE

THE BUSINESS SITUATION 1Review of National Income and Product in the Third

Quarter . • 3

* * *

SPECIAL ARTICLEFinancial Experience of Large and Medium Size

Manufacturing Firms, 1927-51 7

NEW OR REVISED STATISTICAL SERIESNew Series on Retail Store Inventories 14Manufacturers' New and Unfilled Orders 17Business Inventories and Sales . . . 18Personal Consumption Expenditures 20

* * *

MONTHLY BUSINESS STATISTICS. . . . .S-ltoS-40Statistical Index . . . . . . . . . . . Inside Back Cover

Published by the U. S. Department of Commerce, C H A R L E S S A W Y E R ,Secretary. Office of Business Economics* M. JOSEPH ME EH AN,Director. Subscription price, including weekly statistical supplement, is$3.25 a year; Foreign, $4.25. Single copy, 30 cents. Send remittances toany Department of Commerce Field Office or to the Superintendent of Docu»ments, United States Government Printing Office, Washington 25, D. C.Special subscription arrangements, including changes of address, should bemade directly with the Superintendent of Documents, Make checks payableto Treasurer of the United States.

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Sergeant Jasper BIdg,

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Bldg.

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For local telephone listing, consult section

devoted to U. S. Government


NOVEMBER 1952

THE

U6ine66 SITUATION

By the Office of Business Economics

NATIONAL PRODUCT

INDEX, 1st iuiif 1950-100140 J GROSS NATIONAL PRODUCT ' I4°

130

100

130

120

1IO

l I t I too4 1 2 3 - 4 I

1950 i95f

INDEX, J$f half 1950 »IOP300

200

ISO

too

60VT. PURCHASES OFGOODS AND SERVICES

FEDERAL

WOEX, i&t tortf (950*100130

INDEX, U* fefljf I95O«IOO

120

too

GROSS PRIVATEFIXED INVESTMENT

I

CHANGE IN BUSINESSINVENTORIES*

OF DOLLARS20

I i J_

10

4 <

1950£ a 4 4 1 2 5 4 1 2 3

1952 1950 1951 1952SEASONALLY

srrweew FIRST HAUF ideo ANO SACK

F*C£ OF a

JJUSINESS activity has advanced on a broad front intomidautumn. Industrial production moved up in October andearly November as steel mills turned out raw steel in record-breaking volume and larger numbers of automobiles rolledoff the assembly lines. Personal income has continued to

Consumer spending was maintained at most retailrise.stores, but with more cars available September sales ofautomotive stores, seasonally adjusted, increased sharplyand were chiefly responsible for a 3-percent rise in sales ofall retail stores during the month.

Since manufacturing operations, despite their current highrate, were less than the inflow of new orders, unfilled ordersrose during September. The total at month end stood at$75 billion of which nearly $72 billion were for durable goods.Even in the nondurable goods lines, where unfilled orderaccumulations are ordinarily not large, new orders continuedto run ahead of shipments as they have since May.

Notwithstanding the large volume of demand, a featureof price development of recent weeks has been a recurrenceof weakness in the quotations of various basic raw materialsin both domestic and foreign markets as available worldsupplies have grown in quantity. Heavy agricultural mar-ketings in October lowered prices of farm products and proc-essed foods below June figures, the recent lows, whileindustrial raw materials also fell back to their June position.

Civilian employment down seasonallyChiefly because of the usual seasonal decline in agricultural

operations civilian employment was 400,000 less in Octoberthan in September. Employment in nonagricultural enter-prises was off only 100,000. Since the drop in employmentwas more than offset by a shrinkage of 700,000 in the civilianlabor force, occasioned in part by a further return movementof students to school, unemployment also declined by 150,000to 1.3 million, the lowest since the war. Employment incivilian nonagricultural lines, aggregating 54.6 million, wasthe largest for any October on record.

Industrial output higherIndustrial production continued to rise in October although

the increase was held down by walkouts extending over aperiod of a week or more at coal mines. While the shut-down reduced coal output by nearly one-third from thehigh volume of September, above-ground coal stocks, whichamounted to over 80 days' supply, were adequate to preventany loss of production.

Steel mills operated in October at an average rate of 106percent of rated capacity as of the start of this year whencapacity was approximately 5 million tons lower than atpresent. This was equivalent to about 2.2 million tons of

225878°— 52


SURVEY OF CURRENT BUSINESS November 1952

ingots and castings per week and 9.7 million for the month—an annual rate of over 115 million tons.

In the automobile industry, assemblies of passenger carsand trucks were more than one-tenth above September withcompletions of nearly 620,000 units, the highest monthlytotal since June 1951. Activity in plants producing tele-vision receivers likewise moved a notch higher as October isusually a month of seasonally high output. Assemblies roseprogressively during the month until a volume of close to200,000 sets was reached in the third week, the largestweekly output since November 1950.

Other industries participating in the broad industrialadvance were machinery, aircraft, shipbuilding, and radiosamong the durables, and textiles, paperboard, rubber prod-ucts, and industrial chemicals-—which also set a new high—among the non durables. An exception to the general upwardtrend is the freight car building industry where output inrecent months has been severely limited by the difficulty ofobtaining the necessary heavy types of steel.

High construction activity sustainedNew construction put in place during October totaled

$3 billion, the drop from September being somewhat less thanthe usual seasonal decline. Private construction, amounting toaround $2 billion for the fourth straight month, reflects thecontinuing high rate of investment in fixed capital, withresidential building accounting for over $1 billion.

Growing adequacy of materials suppliesAs mentioned earlier, there was a recurrence of weakness in

the prices of various basic raw materials during October.Prices received by farmers dropped 2 percent further underseasonal pressure of heavy marketings of crops and animals.Prices of meat animals, cotton, and corn yielded the most.But industrial raw materials also gave ground as the Bureauof Labor Statistics' index of 16 industrial raw materialsprices declined 3 percent from the September average to theend of October. In addition to cotton, prices of lead andzinc accounted for most of the drop.

This recurrence of weakness among raw and semiprocessedmaterials prices indicates the growing adequacy of suppliesrelative to current very large requirements. Notwithstand-ing substantial declines since early 1951, prices of many rawand semiprocessed materials are still above the general pricelevel in the extent of their rise since the outbreak of hostilitiesand therefore still attractive to producers. In addition,major programs undertaken by the Government to stimulateexpansion of facilities for producing and processing materialsare now yielding results in the shape of enlarged productivecapacity and rising output.

Steel ingot capacity, for instance, has increased from ap-proximately 101 million to 113 million tons since the Koreanaggression with an additional 10 million scheduled to be inplace by early 1954; steel ingot output in October was at therate of 116 percent of the capacity of July 1, 1950. Alumi-num capacity, currently about 1.1 million tons, is expandingtoward a goal of 1.7 million tons set for January 1955; do-mestic aluminum supplies—production plus net imports—are now approximately 30 percent above those available inJanuary-June 1950. In the case of rubber, domestic pro-duction of the chemical grade plus imports of the naturalmaterial in the first half of this year were 51 percent largerthan in the corresponding period of 1950.

Plans for the expansion of productive capacity and outputinclude many other materials. Among them are petroleum,copper, manganese, titanium sponge, molybdenum, lead,zinc, tungsten, uranium, fluorspar, and iron ore. Governmentaid is extended to such projects through tax amortizationcertificates, purchase contracts, exploration contracts, andpremium payments to marginal producers. The programalso includes plans for increased imports of strategic ma-terials.

Suspension of controlsThe increased availability of supplies relative to require-

ments has enabled Defense Mobilization officials to ease orlift price and materials controls on many individual commodi-ties. The National Production Authority revoked or liber-alized controls on various chemicals such as polyethylene,sulfur, sulfuric acid, and resorcinal; metals such as antimony,bismuth, cadmium, lead, platinum, tin, zinc, and zirconium;

Table 1.—Raw Materials: Suppliers' stocks on July 1 in Relation to Average Monthly Consumption or Shipments, January to June

Commodity

Aluminum primary short tonsCopper, refined _ _ . _ _ d o _ _Lead, refined doZinc, slab _ __ __ _ do__Tin pig long tonsIron and steel scrap, purchased 1,000 short tons

Bituminous coal _ doPetroleum, crude _ -_ . 1,000 barrels. .Lumber 1,000,000 board feetWoodpulp, all grades _ _ 1.000 short tonsWaste paper short tons__

Vegetable oils, total crude. _ 1,000,000 pounds _Alcohol, ethyl 1,000 proof gallons. _Sulfur 1 000 long tonsFertilizer, superphosphate, bulk 1,000 short tons..

Cotton, raw 1,000 running bales..Rayon, filament 1,000 pounds..Rayon, staple fiber doRubber, natural long tonsRubber, chemical do

Consump-tion or

shipments,January-

Juneaverage

59 399114, 07930 85486 063

5 6592, 675

36 685163, 550

3 1271,328

615, 179

435332,610

2 4242954

77475, 90024 20060, 41539 426

1950

Stocks,July l

14 50050, 35069 02526, 66542 6443,652

51 376242, 287

5, 851406

354, 200

4 1,03223, 248

2 9561,194

7,46314, 4005 900

99, 45765 346

Ratio ofstocks toconsump-

tion orshipments

0 244439

2 237309

7 5351 365

1 4001.4811 871

306.576

2.370.713

6 9721.252

9.642.190244

1 6461 657

Consump-tion or

shipments,January-

Juneaverage

68 038111 89445 72576 7895 3263 314

39 706194, 415

3 1291 506

845, 635

4533 44, 838

2 4322 1, 008

91480, 70026 90039 90761 168

1951

Stocks,July 1

11 99760 91233 30815 79132 0912 941

76 992248 170

7 034440

490, 788

1,02899, 684

2 7201,095

2,95812,7004 200

68, 36978 154


tion orshipments

0 176544728206

6 025887

1 9391.2762 248

.292

.580

2.2692.2236 2961.087

3.236.157156

1 7131 278

Consump-tion or

shipments,January-

Juneaverage

75 985109 83037 870

i 79' 1881 4 274i 3 048

34 953192 506

2 9701 456

634, 309

4773 40, 463

2 4422 1,042

77762, 70024 00036 20368 127

1952

Stocks,July 1

13 75370 85658 19063 34226* 301

4' 973

80 744285 964

8 204552

548, 623

1,05474, 4202 9021,239

3,30778, 80015 20072' 995

151 324


tion orshipments

0 181645

1 537800

6 1541 631

2 3101 4852 762

379. 865

2 2121.8396 5661.189

4. 2561. 257

6352 Olf2 221

1 Adjusted for steel strike.2 Production.

q Withdrawals for denaturation and tax-paid.

4 June 1.

Source: U. S. Department of Commerce, Office of Business Economics.


November 1952 SURVEY OF CURRENT BUSINESS

and many other materials including paper, paperboard, andrubber. The Office of Price Stabilization suspended pricecontrols on raw cotton, wool, most yarns, and practically alltextiles; hides and leather; fats and oils; and many kinds offabricated products. The International Materials Confer-ence was able to disband its committees for wool, cotton andcotton linters, and paper and pulp as the result of increasingsupplies of these materials.

Suppliers' materials stocks largerChiefly because of the high rate of production and—in

some instances—of imports, suppliers7 stocks of many raw

materials are now larger than was the case last year, both inquantity held and in relation to consumption. Little isknown about stocks in hands of fabricators, but the FederalGovernment's stockpile of stragetic and critical materialswas increased by one-sixth during the first half of this year.The following table shows the current ratio of suppliers'stocks to average monthly consumption or shipments for anumber of basic materials. The ratio indicates the numbersof average months' consumption or shipments carried instock on July 1 for the last 3 years. The chief significanceof the table is in the relative change of stocks of individualmaterials this year as compared to 1950 and 1951.

Review of National Income and Product• • • in the Third Quarter

X HE market value of the Nation's production of goods andservices, as measured by the gross national product, was $343billion in the third quarter, showing only a small increaseover the second quarter annual rate. A complete estimateof the incomes generated by this production is not yet avail-able, because of lack of data on third quarter corporateprofits. However, the sum of all other production incomeswas at an annual rate of $250 billion in the third quarter, ascompared with $246 billion in the second. In conjunctionwith the moderate price rise that occurred over the sameperiod, this evidence indicates that changes in the value andvolume of national output from the second to the thirdquarters were confined to narrow limits.

The steel strike and its subsequent settlement made for anuneven flow of economic activity during the quarter. This isreflected in the monthly movement of personal income, whichmeasures the income receipts of persons from all sources.From an annual rate of $267 billion in June this aggregatedropped to $264 billion in July and rose again to $270 billionin August and to $273 billion in September.

Although steel production recovered quickly after thesettlement-—from 18 percent of the industry's rated capacityin June and July to 92 percent in August, and 101 percent inSeptember—the resumption of full-scale production by someof the principal steel users that had been adversely affectedtook somewhat longer. This was due to the inevitable time-lags involved in bringing inventories back into balance forcapacity operations. Aside from the iron and steel industryitself, the automobile industry experienced the widest swingsin output during this period.

The impact of the steel stoppage on production in themetalworking industries dampened sales of hard goodsthroughout the economy. National security outlays, busi-ness expenditures for new plant and equipment, and con-sumer spending for durables, mainly automobiles, were allaffected.

Business activity accelerated at end of quarterIn September, however, business activity stood well above

the quarterly average and producers were operating againsta substantially increased backlog of unfilled orders. Anappreciable pickup in many of the consumer goods manu-

facturing lines became increasingly evident during the quar-ter. The resurgence of activity has been particularlynotable in apparel and textiles, though many of the consumerhard goods, such as furniture, radios and television, havealso displayed considerable improvement.

The advance in business activity in these lines stems partlyfrom larger consumer buying but, more importantly, fromincreased purchases by wholesalers and retailers. In priorquarters distributors had been supplying part of currentconsumer demand by reducing their inventory holdings.With the gradual elimination of surplus stocks, distributors'purchases have been stepped up in the third quarter, andoutput brought closer to final demand.

Demand for Gross National Product

Third-quarter Government purchases of goods and serv-ices—Federal, State, and local combined—amounted to $78billion on an annual rate basis, the same as in the precedingquarter. The largest component, national security expendi-tures, continued approximately at an annual rate of $50billion. This rate was one-fifth greater than that of thethird quarter of 1951.

Advance in security expenditures interruptedThe September quarter has been the first since the start of

the post-Korean defense buildup in which total nationalsecurity outlays did not advance. The interruption of thesteady advance of these outlays is a temporary developmentattributable mainly to effects of the work stoppage in thesteel industry and, to a lesser degree, to the reduction instockpile deliveries from the high second-quarter rate.

For the past several quarters the principal advances in de-fense expenditures have been concentrated in hard goods—planes, tanks, and other military equipment—and in militaryconstruction, and it is in these categories that the bulk of theincreases yet to come are scheduled'. Military and defense-related civilian payrolls, and the closely associated expendi-tures for food, clothing, and other soft goods have stabilizedover the course of the past year.

Following the steel settlement the National ProductionAuthority announced an emergency program to expedite the


SUKVEY OF CURRENT BUSINESS November 1952

flow of steel into defense work. This program was designedto give precedence to military, atomic energy, and machinetool orders so as to fulfill outstanding commitments undersecond- and third-quarter allotments, and to insure the deliver-ies of fourth-quarter allotments. Toward this end the ceil-ings on inventory accumulations of steel-controlled materialswere temporarily lowered by one-third to keep steel movinginto production lines.

Consumer spending firmPersonal consumption expenditures remained unchanged in

the third quarter at an annual rate of $215 billion despite thesharp drop in automotive expenditures. The latter amountedto approximately $2}£ billion and offset the net advance oflike magnitude in many other lines of consumer spending.

This is in sharp contrast to the first- to second-quartermovement when the upsurge of automobile expenditures,amounting to $1% billion at an annual rate, accounted for

PERSONAL INCOME resumes moderaterise following steel settlement

BILLIONS OF DOLLARS300

250

200

150

100

50

EMPLOYEE INCOME \

I I . i I I

,*.L1> i i i

1951 1952MONTHLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES

U. S. DEPARTMENT OF COMMERCE. OFFICE OF BUSINESS ECONOMICS

the total increase in personal consumption—the net changein other items being virtually nil.

Drop in automotive expendituresPassenger car output fell to 40 percent of the second-

quarter average in July. Although production was re-stored rapidly, rising to 60 percent of the second-quarteraverage in August and to 110 percent in September—thehighest level attained since June 1951—output for the thirdquarter as a whole was more than one-third below that of thepreceding quarter.

Stocks were cut back severely but could compensate foronly a small part of the supply that was lost. As a con-sequence, consumer expenditures for automobiles and parts

were more than one-fifth below the second-quarter rate.This more than offset the strong advance that had beenregistered in the June quarter and temporarily reduced theaggregate of such expenditures to $9 billion at annual rates—the lowest point reached since the first half of 1949.

Sales pick up in other consumer durablesIn contrast to the sharp decline in automotive expendi-

tures, third-quarter outlays for other consumer durablesshowed an advance of $% billion at annual rate over thepreceding quarter. The advance, which was concentratedin furniture, television sets, and household equipment, wasparticularly noteworthy in view of the lagging state of con-sumer demand in this area over the past year. It suggeststhat the retarding effects on subsequent buying of theabnormal spending waves that occurred during the first ninemonths following the Korean invasion have been largelyworked off. The advance in hard-goods expenditures wasreinforced by the easier credit terms available to consumersafter Regulation W was suspended early in May.

Purchases of nondurables stablePurchases of nondurable goods rose to an annual rate of

$119 billion in the third quarter as compared with $118billion in the second. Food expenditures, which compriseapproximately three-fifths of the nondurables total, ac-counted for the bulk of this advance. Most of the changewas associated with higher average prices for food for thequarter as a whole. In September, however, retail foodprices registered a moderate decline.

Consumer expenditures for services in the third quarterwere at an annual rate of $72 billion, $1 billion higher thanthe preceding quarter. The increases in expenditures ex-tended to most of the major categories of services, with theexception of housing operation. The latter, which is pri-marily ^ comprised of household utilities, telephone anddomestic service, has been stable in the aggregate since theopening quarter of the year.

Aggregate domestic investment risesTotal gross private domestic investment moved forward

from an annual rate of $49K billion in the second quarterto $51% billion in the third. This rise was wholly attribut-able to the renewed increase in business inventory accumu-lation. The latter amounted to approximately $3% billionat an annual rate but was partly offset by a decline of $1billion in business outlays for new plant and equipment.

The value of private residential construction put in placein the third quarter was at an annual rate of $11 billion—unchanged from the preceding two quarters. This rate was10 percent higher than that of the third quarter of last year.

Regulation X controls over housing credit were suspendedas of September 16 in accordance with the terms of the 1952amendments to the Defense Production Act. This actioncame too late in the period to have any effect on third-quar-ter building activity. The maintenance of the high rate ofhousing starts in the third quarter is indicative of a con-tinuation of a sustained high level of residential constructionin the ensuing quarter.

Moderate dip in business capital outlaysBusiness expenditures for new plant and equipment were

temporarily reduced in the third quarter. It appears thatmanufacturers of producers' durable equipment were in manyinstances unable to meet third-quarter delivery schedules.The principal declines occurred in purchases of motor coaches,trucks, and automobiles for commercial use which were toa large degree unavailable owing to the sharp cutbacks inthe automobile industry.


November 1952 SUEVEY OF CURRENT BUSINESS

Table 2.—National Income and Product, 1951 and First Three Quarters, 1952 *[Billions of Dollars]

NATIONAL INCOME BY DISTRIBUTIVE SHARES

National income

Compensation of employeesWages and salaries .__

PrivateMilitary _ .Government civilian

Supplements to wages and salaries

Proprietors' and rental income 3

Business and professionalFarmEental income of persons

Corporate profits and inventory valuation adjustment--Corporate profits before tax. _

Corporate profits tax liabilityCorporate profits after tax __ ___

Inventory valuation adjustment

Net interest _Addendum: Compensation of general government em-

ployees _ __ __ _ ._

GROSS NATIONAL PRODUCT OR EXPENDITURE

Gross national product

Personal consumption expendituresDurable goodsNondurable goodsServices

Gross private domestic investmentNew construction ._ .

Residential nonfarmOther

Producers' durable equipment. _Change in business inventories, total

Nonfarm only _ _ _ __ _

Net foreign investment __ .-

Government purchases of goods and servicesFederal

National securityNational defense __Other national security

Other ._ _ _Less: Government salesState and local

DISPOSITION OF PERSONAL INCOME

Personal income

Less: Personal tax and nontax paymentsFederalState and local

Equals: Disposable personal income ...Less: Personal consumption expendituresEquals: Personal saving

RELATION OF GROSS NATIONAL PRODUCT.NATIONAL INCOME, AND PERSONAL INCOME

Gross national product

Less: Capital consumption allowancesIndirect business tax and nontax liabilityBusiness transfer payments _Statistical discrepancy

Plus: Subsidies less current surplus of Government enter-prises

Equals: National income _. ___ _ _ _

Less: Corporate profits and inventory valuation adjustment.Contributions for social insuranceExcess of wage accruals over disbursements

Plus: Government transfer payments _ _ __ _Nftt interest paid by GovernmentDividends -Business transfer payments

Equals: Personal income

1951

277.6

178.9169.9141.2

8.620.19.0

50.626.215.68.9

41.642.924.218.7

-1.3

6.4

27.4

329.2

208.027.1

113.567. 3

58.523.311.012.324.910.39.4

.2

62.641.337.133.73.44.2.4

21.7

254.1

29.126.13.0

225.0208.017.0

329.2

24.625.3

.91.4

.5

277.6

41.68.2.0

11.54.99.0.9

254.1

Unadjusted

1951

I

66.1

42.540.233.61.84.82.3

12.46.63.82.1

9.511.96.75.1

-2.3

1.6

6.3

79.2

50.07.0

26.416.6

17.35.22.62.66.45.65.3

-.7

12.67.86.96.1.8.9.1

4.9

60.4

10.79.8.9

49.750.0-.3

79.2

5.96.2.2

1.0

.2

66.1

9.52.2.0

2.81.12.0.2

60.4

II

68.7

44.442.135.02.15.02.3

12.26.53.62.1

10.410.96.24.7-.5

1.6

6.8

80.1

50.46.4

27.216.8

14.65.92.83.16.62.11.8

.0

15.19.68.77.8.9.9.1

5.5

62.7

5.95.1.8

56.950.46.5

80.1

6.16.1.2

-.8

.3

68.7

10.42.2.0

2.91.42.1.2

62.7

III

70.6

45.543.336.12.34.92.2

12.76.54.02.3

10.810.05.64.3.8

1.6

6.8

81.8

50.56.3

27.516.7

14.16.32.93.55.82.01.8

.2

16.911.510.49.6.8

1.1.1

5.5

63.9

6.65.9.7

57.350.56.8

81.8

6.26.3.2

-1.6

.0

70.6

10.82.0.2

2.91.12.1.2

63.9

IV

72.2

46.444.336.52.45.42.1

13.36.74.22.4

10.910.15.74.4.8

1.6

7.4

88.2

57.07.5

32.417.2

12.55.82.73.16.1.7.5

.7

17.912.311.110.2

.91.3.1

5.7

67.0

6.05.3.7

61.157.04.0

88.2

6.56.6.2

2.7

.0

72.2

10.91.8

-.2

2.91.32.8.2

67.0

1952

I

70.6

45.943.535.52.55.52.4

13.06.83.82.3

10.010.05.84.2.0

1.7

7.6

83.4

50.55.5

27.417.7

14.15.02.22.86.42.72.5

.5

18.212.911.611.0

.61.3.1

5.4

64.4

11.810.81.0

52.650.52.1

83.4

6.76.4.2

—.4

.1

70.6

10.02.5.0

2.91.12.1.2

64.4

II

71.7

46.644.336.1(2)(2)2.4

13.06.93.72.4

10.39.95.74.2.4

1.7

7.7

83.3

53.26.4

29.117.8

10.25.92.83.16.6

-2.3-2.5

.1

19.713.812.611.8

.81.3.1

6.0

65.9

6.96.1.9

59.053.25.7

83.3

6.96.7.2

-2.1

.0

71.7

10.32.2.0

2.91.52.2.2

65.9

III

(2)

47.745.437.6(2)002.3

13.16.93.82.4

(2)(2)(2)(2)

.1

1.8

7.4

85.5

52.86.0

29.017.8

13.46.53.13.45.9.9.8

-.3

19.613.812.411.7

.71.4.1

5.9

67.1

7.56.8.7

59.652.86.7

85.5

7.16.9.2

(2)

.0

(2)

(2)2.1-.1

3.01.12.1.2

67.1

Seasonally adjusted at annual rates

1951

I

269.6

172.9163.9137.6

7.418.98.9

49.726.215.18.5

40.750.128.421.7

-9.4

6.3

25.1

319.6

210.531.3

113.365.9

59.824.712.811.924.810.39.0

-2.7

51.931.127.624.33.33.5.3

21.1

246.2

28.225.32.9

218.0210.5

7.5

319.6

23.425.7

.9

.7

.7

269.6

40.78.1.1

11.34.88.6.9

246.2

II

274.8

178.2169.3141.2

8.519.69.0

49.026.014.48.5

41.243.324.518.8

-2.1

6.4

26.8

329.3

204.526.3

111.366.9

65.223.510.912.625.416.315.2

-.2

59.838.634.931.23.63.7.3

21.6

251.9

28.725.83.0

223.2204.518.7

329.3

24.324.7

.95.7

1.1

274.8

41.28.2-.2

11.64.99.0.9

251.9

III

280.2

181.0172.1142.0

9.121.08.9

50.826.015.89.1

41.938.621.816.93.2

6.5

28.6

330.9

206.425.5

113.267.6

56.222.49.9

12.524.98.98.2

1.1

67.346.141.638.43.24.5.5

21.7

256.1

29.026.03.0

227.1206.420.7

330.9

25.025.0

.9

.0

.1

280.2

41.98.1.8

11.64.99.2.9

256.1

IV

285.6

183.4174.3143.8

9.620.99.1

53.126.617.09.4

42.539.522.217.33.0

6.6

29.0

337.1

210.525.3

116.269.0

52.922.410.312.124.75.85.2

2.6

71.249.444.340.83.55.1.5

22.3

262.0

30.427.33.1

231.5210.521.1

337.1

25.825.8

.9-.8

.2

285.6

42.58.3-.6

11.55.09.3.9

262.0

1952

I

288.0

186.5177.4145.810.021.79.0

52.127.315.49.4

42.742.724.718.1

i

6.7

30.0

339.7

213.225.2

118.070.0

50.023.711.012.725.7

.6—.1

2.2

74.451.646.444.02.45.2.4

23.2

263.0

32.529.33.2

230.5213.217.3

339.7

26.726.3

.9-1.6

.5

288.0

42.78.5.1

11.75.08.9.9

263.0

II

286.9

186.9177.8145.6(2)(2)9.2

51.927.614.89.5

41.239.522.916.61.7

6.9

30.5

342.6

214.926.4

117.870.8

49.323.611.012.625.7

.1— 8

.4

78.055.350.347.23.05.1.4

23.0

264.4

32.929.63.3

231.5214.916.5

342.6

27.726.8

.9

.6

.2

286.9

41.28.4.0

11.65.09.6.9

264.4

III

(2)

190.3181.0148.3(2)(2)

9.3

52.527.515.29.8

(2)(2)(2)(2)

.6

7.1

31.1

343.4

215.024.2

118.071.9

51.723.010.912.225.03.73.0

-1.2

77.955.249.646.82.85.6.4

23.1

268.9

33.630.23.3

235.3215.020.3

343.4

28.327.3

.9(2)

__ o

(2)

(2)8.6

—.4

12.05.09.3.9

268.9

1 Detail will not necessarily add to totals because of rounding.2 Not available.

3 Includes noncorporate inventory valuation adjustment.



6 SURVEY OF CURRENT BUSINESS November 1952

A similar cutback—though of lesser intensity—was ex-perienced in machine-tool shipments. The reduction in theJuly rate to 80 percent of the April-June average dominatedthe quarter despite rapid recovery in the ensuing 2 months.

The declines in shipments of business motor vehicles andmachine tools obviously cut across a wide array of capitalexpansion programs and consequently their impact cannotbe localized industrially.

Deliveries of equipment to the railroad industry alsolagged during the quarter—most notably in the case of rail-road freight cars. Acquisitions of rolling stock have beentapering off since the start of the year. However, thirdquarter freight-car shipments by equipment manufacturerswere considerably below planned levels indicated by unfilledorders data. August shipments were down over 40 percentfrom the second-quarter average.

Increase in inventoriesBusiness inventories showed an increase in the third

quarter for the first time since the second quarter of lastyear. The advance, which amounted to $3K billion atannual rates, was concentrated in nondurable-goods manu-facturing with most of the remainder of the increase in thenonfarm sector occurring in retail trade. Farm inventoriescontinued the moderate decline in evidence since the startof the year.

Manufacturing soft-goods inventories rose steadily duringthe quarter in marked contrast to the persistent decline ofthe preceding 9 months. In general, this upturn was thenormal production accompaniment of an appreciable rise insales activity particularly in the apparel and textile lines.Wholesalers and retailers, now largely clear of the excessivestocks accumulated in early 1951, have resumed buying upto the level of current needs. Part of the third-quarter in-crease in the stocks of nondurables, however, was attribut-able to the petroleum industry which replenished the de-ficiencies caused by the work stoppage in that industry in thepreceding quarter.

Although inventories in the durable-goods manufacturingindustries were subject to comparatively large movementswithin the quarter, the net changes for the period as a wholewere small. Heavy inventory drains that began in June asa consequence of the steel stoppage became even more markedin July. Temporary pileups of items that could not be useddue to the short supply of key steel components were fre-quently important offsets to the decline in steel inventories.While most of the dollar value of the inventory losses sus-tained in June and July was recouped in the latter part of thequarter, it is not yet clear to what extent the normal balanceof inventory components has been fully restored.

The moderate increase in retail trade stocks occurredprimarily in the soft goods lines, although the durable home-furnishings group also registered an advance. Automobilestocks showed the most volatile movement within the quar-ter, dropping sharply in July and August with the fall in newcar output. Although these stocks were restored to theirJune position by the end of the quarter they were still belowthe level of the first 4 months of the year.

Wholesale stocks leveled off in the September quarterfollowing liquidations over the preceding half year.

Further decline in net foreign investment

Net foreign investment, which measures the excess ofexports over imports other than those matched by unilateraltransfers, continued the decline that has been noted sincethe opening quarter of the year shifting to a negative balanceof $1 billion at annual rates in the third quarter. This shift

from a small positive balance in the second quarter wasprimarily attributable to a drop in exports in excess of thedecreases in imports from abroad and foreign economic aidwhich were experienced in the quarter.

Several factors contributed to the reduction in exports ofgoods and services, excluding those under military aid pro-grams. One was more stringent import restrictions imposedby foreign countries attempting to adjust their purchases totheir current dollar receipts. A second was the decline inincome in a number of raw material-producing countriesfollowing the drop in the world prices of their commoditiesover the recent past.

A third factor was the additional short-run decline inexports of motor vehicles, machinery, and steel products dueto their limited availability during the quarter.

The Flow of Income

The third-quarter increase of personal income, to an annualrate of $269 billion, was somewhat larger than the gradualrise of the preceding two quarters, in spite of temporaryreduction of income within the period. (See accompanyingchart.) Approximately four-fifths of the third-quarter in-crement of $4K billion at annual rates was accounted for bythe increase in wage and salary disbursements. The remain-ing fifth of the total increase was divided about equally be-tween farm income and Government transfer payments.Other components of the income flow showed only small andoffsetting changes.

Private payrolls advance

Private payrolls moved upward from the second quarterby about $3 billion, at annual rates. About 15 percent ofthe rise represented retroactive wage payments made torailroad workers under the terms of the wage-settlementagreement concluded in May. The remaining advance,representing income from current production, occurred inspite of the fact that wage losses resulting from work stop-pages were even larger during the September quarter thanin the previous quarter. Man-days lost in work stoppagesarising from labor-management disputes increased only from27 million to 29 million, but these figures do not measure thevery important secondary effects on other plants whoseemployees are made idle as a result of material or serviceshortages. These secondary effects were substantially largerduring the third quarter than during the second, and causedan actual decline in payrolls in industries producing durablegoods.

Wages in durable-goods manufacturing offThese industries had led the advance in wages and salaries

in the past 2 years but, with employment off almost 2 per-cent, registered a decline for the quarter. Increased hourlyearnings and a slightly longer workweek restricted the dropin payrolls to very slight proportions.

Payroll changes in the durable-goods sector displayed con-siderable industry variation. Virtually all of the declinewas concentrated in two industry groups: Transportationequipment (including automobiles) and machinery (exceptelectrical). These declines reflected mainly the substantialreduction in employment that had resulted from the inter-rupted flow of steel to these industries.

Payrolls in the primary metals industry group showed amoderate rise over the second quarter even though the steelstrike centered in this group. This was due to the fact thatthe employment effects of the steel strike were already

(Continued on page 20)


by Loughlin F. McHugh and Leonard G. Rosenberg

Financial Experienceof Large and Medium Size Manufacturing Firms., 1927-51

LMERICAN manufacturing industry like the economygenerally has experienced high activity in the postwar years.Most industries have shared this experience, though somehave experienced considerable fluctuations in the demand forproducts. High sales with relatively favorable financial con-ditions have contributed to a business climate which madepossible a capital expansion program on a scale never beforeachieved.

This capital program involved the use of almost $90 billion,of which more than half was spent on fixed capital (table 1).To help meet these requirements, manufacturing firms had

Table 1.—Postwar Sources and Uses of Funds for ManufacturingCorpora tions

Uses:Plant and equipmentInventories _ _ _ _ _ ._ _ReceivablesCash and U. S. Government securities _ _Other current assets

Total

Sources :Retained earnings 1Depreciation _ _ _ _ _ _ _ _ _ _ _Payables (trade)Federal tax liabilitiesOther current liabilities- . _ _ _Bank loans 2

N e t n e w issues _ _ _ _ _ _BondsStocks

Total

Discrepancy:Uses less Sources

1946 thro

Billiondollars

49.824.19.45.0.4

88. 7

38.317.76.19.42.14.18.75.73.0

86.4

2.3

ugh 1951

Percent oftotal uses

56.127.210.65.6.5

100.0

43.220.06.9

10.62.44.69.86.43.4

97.4

2.6

1 Includes depletion.2 Includes mortgage loans by nonbank lenders.Source: U. S. Department of Commerce, Office of Business Economics.

$38 billions of retained earnings, about three-fifths of totalafter-tax profits. In addition, about $18 billion of fundswere secured from depreciation allowances. These twosources accounted for almost two-thirds of the gross capitalrequirements of manufacturing corporations.

In comparison with this $56 billion, about $13 billion wereraised through borrowing from banks or the issuance ofsecurities.

The remainder of the capital requirements was met inlarge part from increases in Federal profits tax reserves andincreases in trade credit.1 The latter, it may be noted, for

NOTE.—MR. McHUGH IS A MEMBER OF THE BUSINESS STRUCTUREDIVISION, OFFICE OF BUSINESS ECONOMICS. MR. ROSENBERG, A FOR-MER MEMBER OF THE DIVISION, ASSISTED IN THE PREPARATION OFTHE DATA.

1 The question is frequently raised how Federal tax liabilities become a source of funds.A tax reserve is set up on a company's books to take account of taxes accrued but not yetpaid, and an appropriate amount of receipts from current operations is assigned to this reserve.Thus when these assigned receipts exceed tax payments (based on past operations) the com-pany is provided with a temporary source of financing. In the reverse situation when taxliabilities are reduced, i. e., when tax payments exceed tax accruals, the reduction representsa use, rather than a source, of funds.

the most part reflected intercompany transactions involvinga like amount of trade receivables.

Manufacturers as a whole were able to maintain a fairly. favorable degree of liquidity throughout this period. Cor-porations generally had emerged from the war period in ahighly liquid position. In the early reconversion period,these liquid resources served as an important supplement toother sources of funds required during the transition.

The ratio of liquid assets to sales reached its low point ofaround 11 percent at the end of 1948, rose to 13.6 percent inthe moderate recession of 1949 and remained at that levelin 1950. Manufacturers continued to add to their liquidresources in 1951, though the rise did not quite keep pacewith the sales. By the end of the year, however, cash andgovernments were still equivalent to 12.3 percent of sales.

Summary of Present Survey

The analysis presented here attempts to throw light onwhether these aggregative data reflect general phenomenaaffecting most businesses or whether they were results ofdivergent movements within the whole. For a sample ofapproximately 100 manufacturing corporations, of whichone-third had assets of over $100 million and two-thirds hadassets of from $5 to $100 million, balance sheet and incomestatement information has been collected for the latertwenties, for 1940, and for recent years.2 While it wouldhave been desirable to include in the sample data for thesmaller firms—those with assets under $5 million—this wasnot feasible in the present study.

It is believed, however, that the sample firms represent across section of large firms which mirror the general financialtrends of firms which continued in operation throughout theperiod. Therefore, the firms covered are relatively well-established, and are generally in the more profitable groups.These firms should not be considered as representative of theyounger and less tested concerns in the business population.

Financial position favorable

The over-all experience of the 100 large and medium sizefirms reveals a rather favorable financial picture. Sales werehigh and on a rising trend, except for a moderate dip in 1949.Before-tax profits followed a similar pattern with sometapering off evident in 1951. The ratio of profits to salesin 1951 was slightly below the postwar peak reached thepreceding year, but well above other postwar years andeven more substantially in excess of the prosperous prewaryears.

On an after-tax basis, the picture was different. Through1950 the profit-sales ratio was moderately below prewar,

2 For some ratios—generally those involving sales data—and in some years—mainly thelater twenties—financial information was not complete, and hence it was necessary to useless than 100 firms in the sample. Tests made indicated that the omission of those firms withincomplete financial information did not seriously affect the results obtained.



mainly reflecting the higher Federal tax rates in the laterperiod. The tax increase put in effect in 1951, however,cut into earnings to such a degree that in relation to sales,net profits were well below 1950 and the twenties.

The corporations examined in this study, like businessgenerally, entered the postwar period in an extremelyliquid condition. Some of this liquidity was eliminated asactivity increased and wartime accumulations were drawnon to help finance early postwar expansion programs.Throughout most of the postwar period, however, these

Profits as a Percent of SalesSample of Manufacturing Firms

Profit- sales ratios in recent years weresomewhat higher than in later twentieson a before -tax basis .......

Percent

20

10

First Quartile

A A A 4

but were lower on an after-tax basis• A 4 4 4

20

10

r Third Quart! 19

First Quartile

4 4 4

1927 294

404 4 4 4

48 50U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS

corporations were able to maintain an exceptionally liquidposition 'not only because of the favorable profit situationbut because of the availability of borrowed funds on rela-tively easy terms.

Liquidity was somewhat further reduced in 1951 and bythe end of the year there was little or no evidence of theexcess liquidity of the earlier postwar period. On the otherhand, in historical perspective and with consideration paidto possible economies in use of liquid resources as activityexpands, it did not appear that there was any generalshortage of liquid resources available to the large- andmedium-sized firms.

During the latter part of 1951 and early 1952 there weresigns of stringencies in the amount of liquid resources avail-able to some firms. These were apparently localized in-stances generally confined to smaller size firms. A surveyrecently completed by the Office of Business Economicssuggested that in the closing months of 1952, the largermanufacturing concerns considered their working capitalposition satisfactory with no major problems then in sightin the financing of their capital programs given a continuationof high general business activity.

Significant intercompany differences

Intercompany comparison of prewar and postwar experi-ence reveals certain interesting trends. While the over-allprewar-postwar changes just reviewed are broadly typical ofindividual firms, there were some significant differences.In the later twenties there was considerably greater disparityin the financial condition of the firms examined than existedeither in 1940 or the postwar period. Both in terms ofprofits and the ownership of liquid resources., there was atendency for the financial ratios of concerns in the morefavorable positions during the twenties to show little changeor, more typically, actually to decline. On the other hand,firms at the lower end of the scale more or less consistentlyimproved their status. Thus the aggregate data tend inconsiderable degree to conceal significant differences in changeof status of different firms.3

Debt burden lower

A large segment of the sample shared in one importantaspect of financial improvement over this period. Concernswhich used borrowed funds experienced a considerablelightening of the burden of their indebtedness over thisquarter century.

While the heavy borrowing to help finance the large post-war capital programs and the much higher sales volumeraised the debt well above that of the twenties, the sharplyreduced cost of borrowing made possible a holding down ofinterest payments to a range not significantly different fromthat which prevailed in the later twenties.

With the current absolute earnings far above that oi thetwenties, the relative "burden" of the debt is thereforecurrently far lighter than in those earlier years.

There was some indication that recent developmentsbrought the liquidity of many firms in the sample down toa position comparable with or below prewar. On the otherhand, many firms have achieved a more flexible financialposition as a result of their improved debt status. Takenby and large, it would seem that economic developmentsover the quarter century have been in the direction of im- .proving the over-all financial status of the firms covered.

Profitability of Sample Firms

The general trends of profits in relation to sales for thefirms studied are shown in the accompanying chart andtable 2. In deriving the chart, the firms were ranked inorder of size of ratios of profits (before and after Federalincome taxes) to sales, and then divided into four numeri-cally equal groups. The lines shown in the chart represent

3 To some extent this phenomenon may reflect the nature of the sample used. Since it wasdecided to deal only with firms which had been in existence throughout the period, it mightbe expected that the low ratio groups would of necessity have had to improve their financialcondition to have remained in existence over this quarter of a century and that for firms whichhad exceptional financial experience in the earlier years, financial conditions would be lesssatisfactory at the present time. While this aspect of sample bias may have some bearingon the results derived, a few checks which could be made of the nonsample portion of manu-facturing corporations suggests that the trends shown in the sample for the most part reflectactual economic developments, rather than the peculiarities of the sample.


November 1952 SURVEY OF CURRENT BUSINESS 9

the ratios of the firms on the dividing line between each ofthe four groups. If there were 99 firms used for thesedistributions, the lines shown in each panel would representthe ratios in each year for the twenty-fifth, fiftieth, andseventy-fifth firm.

The trend of the ratio of profits to sales differed over the1927-51 period on a before- and after-tax basis. The trendof the former was generally upward for full-employmentperiods, though for the firms with relatively higher profitsmargin in the twenties the reverse is true. The sharp risein Federal profits taxes over this period is clearly reflectedin the substantially reduced profit-sales rate on an after-taxbasis. Only for the lowest rate group has the after-taxratio been relatively well-maintained.

Profits After Taxes as a Percentof Book Net Worth -

Sample of Manufacturing Firms^

Profits and net worth are on a book valuebasis which tends to overstate somewhat

1927 1940 I960 1951U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS 52-113

There was a considerable narrowing of the dispersion inprofit-sales ratios over this period. While this is apparenton both a before- and after-tax basis, the lower panel ofthe chart clearly indicates the narrowing was especiallypronounced for profits after taxes. Whereas the spreadbetween the upper and lower lines in the bottom panelamounted to about 10 percentage points in the later twen-ties, the gap had narrowed to slightly over 6 percentagepoints in 1951. It is equally clear the "narrowing77 processreflected a reduction in the higher ratios, since, as justnoted, there was little change in ratios for the lowest firms.

From table 2 it may be seen that whereas slightly morethan half of the firms included had profits before taxesequal to less than 10 percent of sales in the earlier period,by 1951 less than one-third of the firms were in this group.At the other extreme one-fifth of the firms in 1951 showedratios of twenty percent or more compared with from one-eighth to one-sixth of the firms in the 1927-29 period.

The situation was practically reversed when after-taxprofits are examined. Over four out of five firms in 1951were in the less than 10 percent class compared with approxi-mately one out of two in the later twenties, and whereasone-fifth of the firms studied had ratios of profits to sales of15 percent or higher in the earlier period there was only onesuch firm in 1951.

The data shown in the first chart and table 2 are based onseparate rankings of the firms in each of the years shown.Perhaps a somewhat clearer picture of the trends may beseen if the firms in the different ratio groups are retained intheir respective groups throughout the period. For thispurpose the firms were classified by size of their profits-salesratios in 1927. Generally speaking those firms which hadrelatively high ratios of profits before taxes to sales in thetwenties showed somewhat lower ratios by 1940 while thelower ratio groups advanced markedly. Thus the relativelysmall increase in the over-all average from the twenties to1940 reflected the divergent trends for the "low" and "high77

ratio firms.Since 1940 the upward trend has been general and by 1951

profit-sales ratios before taxes were for the most part as highor higher than in the later twenties. However, the over-allincrease, amounting to about one-third for the whole period,was primarily accounted for by the lower ratio firms. Firmswhich in the later twenties had ratios of less than 10 percentunderwent a more than ninefold profit expansion, comparedwith a less than fivefold sales increase. The expansion ofprofits relative to sales was not quite as striking in the 10-15percent range. For firms with profit-sales ratios of morethan 15 percent at the start of the period, profits and salesappeared to have kept pace over the span of years.

There was one notable deviation from the already notedgenerally downward trend on an after-tax basis. This wasin the lower ratio group, which taken in the aggregate,achieved an increase in the ratio of profits after taxes tosales from about 2 percent in 1927 to 2.8 percent in 1951.

Table 2.—Profits Related to Sales—Frequency Distribution ofSample Firms in Manufacturing—Selected Years 1927-51

Profits as a percentof sales

Less than 1010-20 _ .20 and over

All

Less than 1010-15 _ _ -15 and over

All

Percent of firms in sample

1927 1928 1929 1940 1948 1949 1950 1951

Profits before taxes

52.935.311.8

100.0

45.438.316.3

100.0

40.643.016.4

100.0

41.847.011.2

100.0

35.950.513.6

100.0

47.639.812.6

100.0

35.346.518.2

100.0

30.348.521.2

100.0

Profits after taxes

59.320.919.8

100.0

52.816.930.3

100.0

43.924.431.7

100.0

72.017.011.0

100.0

71.620.67.8

100.0

80.410.88.8

100.0

73.621.54.9

100.0

82.716.31.0

100.0


All other groups showed declines in this ratio, with the rela-tively largest reductions appearing in the higher rate groups.

Profitability and size

The varying profit experience of the firms sampled does notappear to have been closely related to size of business.Between 1927 and 1940 when the profits-sales ratio (beforetaxes) increased slightly for all firms examined, there was amoderate 10-percent increase shown for the largest firms(those with total assets over $100 million in 1927) and a moresizable—35 percent—rise in the ratio for the smaller sizegroup (with assets under $10 million in the earlier period).The bulk of the firms were in the intermediate size range,and their profits were actually somewhat lower while saleswere slightly higher in 1940 as compared with 1927.

Since 1940 all asset size groups underwent substantial in-creases in their profits-sales ratio (before taxes) with the

225878°—52 2



greatest relative gain accruing to the intermediate sizefirms (10-100 million dollars of assets). The ratios for thelargest and smallest size groups rose in about the same ordersof magnitude.

Perhaps the most striking aspect of the change in operatingexperience over this period of almost 25 years has been thesharp increase in Federal taxes. The data for the samplerelating to the ratio of profits before taxes to sales suggestthat the firms were in a position to pass part of these taxeson to their customers. On the other hand, the decline in theafter-tax ratio is indicative of the fact that part of the taxincrease has not been so "passed on." It might be observedincidentally that during the "high tax" yeais of the postwarperiod, the general inflationary pressures provided aneconomic setting favorable for passing taxes on in the salesprice.

Profits related to stockholders' equity

The chart on page 9 clearly indicates that, althoughprofits after taxes rose much less sharply than sales over theperiod studied, the increase in such earnings was much greaterthan the rise in the book value of stockholder's equity.For the sample as a whole, the profit rate was about 10percent in 1927 and 1940, but by 1950 it has risen to over18 percent. The continued expansion of equity capitalin the business in 1951 coupled with the reduction in after-taxearnings resulted in a decline in the ratio to 15 percent at theend of the year.

Table 3.—Profits After Taxes Related to Net Worth—FrequencyDistribution of Sample Firms in Manufacturing—Selected Years1927-51

Ratio of profits aftertaxes to net worth

Less than 10 percent __10-15 percent __15-20 percent20 percent and over

All


1927

59.420.85.9

13.9

100.0

1928

48.126.415.110.4

100.0

1929

44.028.016.811.2

100.0

1940

64.514.013.18.4

100.0

1948

11.133.722.532.7

100.0

1949

32.737.420.69.3

100.0

1950

22.430.823.423.4

100.0

1951

33.033.023.310.7

100.0


A word of caution should be noted in interpreting thesedata, which are on a book-value basis. First, in the postwarperiod, a sizable amount of profits reflected nonrecurrentinventory gains arising out of the inflationary price situationwhich prevailed during this period. This was particularlytrue in the 1946-48 and 1950 periods. Inventory gains in1951 were much less important and probably do not greatlydistort the comparison with the later twenties or 1940 wheninventory profits were not very large.

Second, profits tend to be overstated by reason of the factthat depreciation policy is based on original rather thanreplacement cost of plant and equipment. Since the pricelevel has been strongly upward since 1940, use of replacementcost would serve to lower book value profits.

Third, in view of the generally higher price level in recentyears, the usual accounting practices tend to result in anunderstatement of stockholders5 equity in the current ascompared with earlier periods.

There is no easy way to make adjustments for these threeconsiderations, but rough calculations suggest such correc-tions would serve to moderate greatly but not to eliminatethe gains shown in the chart for the postwar years through1950. Applied to 1951 data, however, these adjustments

would serve to reduce the ratio of profits to equity to aboutthe prewar level.

Company differences in profit experience

Various frequency distributions were developed to bringout the differences among the firms in the relation of theirprofits to equity (table 3). For the most part the resultsfollow closely the pattern discussed above in connection withthe profits-sales ratios, and hence need not be presented indetail here. The process of "convergence" or narrowing ofthe spread of profits rates was clearly apparent by 1940 withthe "lower" profit rate groups having increased their rate ofreturn, approximately counterbalancing the drop in ratesevident for the "higher" rate groups.

The postwar rate of return on equity was substantiallyhigher than in 1940 for all groups of firms arrayed by sizeof the rate of profit to equity. By 1951, however, the higherratio groups Indicated ratios somewhat under those of thelater twenties. Thus the 50-percent increase in the over-allrate of return for the firms was accounted for by firms whichhad relatively low or intermediate rates in the twenties.

Liquidity of Sample Firms

In addition to an examination of the profitability of themanufacturing firms in our sample, analysis was also directedto some of the important indexes of liquidity, such as therelation of liquid assets to sales, liquid assets to currentliabilities, and current assets to current liabilities. Thegeneral pattern revealed by such data indicated that thepostwar liquidity position of most of the firms examinedcompared favorably with and was not much different fromthe immediate prewar period or the years of the late twenties.By the end of 1951, however, many firms indicated somereduction in their liquid status as compared with prewar.A related measure, concerned with the effect of changes indebt and interest payments on the financial position of thefirms and discussed in a later section, very decidedly indicatedimproved flexibility in the firms' status over the period.

Liquid assets to salesThe accompanying chart and table 4 present summary data

on the relation of liquid assets to sales for the companies

Table 4.—Liquid Assets Related to Sales 1—Frequency Distributionof Sample Firms in Manufacturing—Selected Years 1927-51

Ratio of liquidassets to sales

Less than 5 percent5-10 percent10-25 percent25 percent and over

All


1927

30.930.924.713.5

100.0

1928

23.624.730.321.4

100.0

1929

32.122.233.312.4

100.0

1940

23.019.042.016.0

100.0

1948

23.528.442.25.9

100.0

1949

15.719.655.98.8

100.0

1950

15.719.652.012.7

100.0

1951

23.518.447.910.2

100.0

1 Liquid assets generally include cash and Government securities. In some cases, "othermarketable securities" are included when not shown separately on the balance sheet.


examined. As may be seen from the taller bar on the chart,the over-all ratios of cash and marketable securities to salesduring the postwar period were higher than in the 1927-29period. In other words, the accumulation of liquid assetsby these firms proceeded at a somewhat more rapid ratethan the sixfold expansion of sales over this period. In the



light of the much higher level of activity and sales at thepresent time, it would appear that liquid asset requirementsneed not have risen as rapidly. The even sharper rise inFederal profits taxes over this period undoubtedly led manyfirms to hold a somewhat larger proportion of this currentliability in liquid form than has been the case for othercurrent liabilities.

In the shorter bars shown in the chart, these tax liabilitieshave been subtracted from both liquid assets and sales beforecomputing the liquidity ratios. Such a procedure in allprobability overstates the adjustment necessary, since itimplies that tax liabilities are offset on the asset side of thecompanies' books on a dollar-for-dollar basis. Neverthelessit is noteworthy that for the 1948-50 period the adjustedratios were only moderately below those of the later twenties,

Liquid Assets asa Percent of Sales —Sample of Manufacturing Firms

Liquid Assets have followed rather closely thetrend of sales. Adjusted for the sharp rise inFederal taxes, the ratio of liquid assets tosales is currently below prewar

PERCENT15

10

TOTAL LIQUIDASSETS TO ADJUSTED

FOR TAXES

1927 28 29 40 48 49 50S. DEPARTMENT OF COMMERCE. OFFICE OF BUS/NESS ECONOMICS

51

58-114

especially 1929. The drop in the "adjusted" ratio in 1951was a consequence of the sharp increase in Federal taxliabilities in that year—a development which has followedsimilar sharp tax increases in the past.

Available evidence suggests some improvement in liquidityover the past 12 months. In general, the over-all liquidityratios suggest that the liquidity position of these concernstaken as a group is not appreciably different from comparableperiods of business activity in the past, though any excessliquidity of the earlier postwar period had disappeared by thelater part of 1952.

Company differences in liquidityThe considerable dispersion in the twenties noted in the

profit experience of the firms studied and the narrowing of the

spread in the postwar period are even more strikingly inevidence in the liquidity ratios. Table 6 presents the per-cent distribution of firms based on their liquid assets-salesratios. Whereas three-fifths of the companies studied hadratios of less than 10 percent in 1927, the number haddeclined about two-fifths by 1951. At the other end of thescale, the firms with liquid assets-sales ratios of better than25 percent were reduced from about 14 percent in 1927 to 10percent by 1951.

The converging tendency had been accomplished in largepart by 1940, and the process of "bunching" proceeded at amuch slower pace thereafter. The following calculations ofaverage liquid assets-sales ratios summarize the shift whichoccurred over the period as a whole (firms in 1951 are retainedin the ratio interval into which they fell in 1927):

Percent

Liquidity interval: ^ wiLess than 10 percent 3. 6 6. 510-20 percent 13. 3 16. 620 percent and over 20. 5 13. 0

The lower liquidity group of firms (those with liquidassets in 1927 representing less than 10 percent of sales)improved their position very substantially; the average ratiofor the group amounting to 6.5 percent in 1951, almost doublethe ratio in 1927. The intermediate group underwent amore moderate relative gain. At the other extreme, thosewith liquidity ratios of over 20 percent in 1927 actuallyreduced the liquid assets relative to sales over this period.

These data suggest that the liquidity position of the firmsin the earlier period may have had some importance inshaping the subsequent pattern of change. One hypothesismight be that in the later twenties the liquid resources ofbusiness were unevenly distributed, with some firms in anextremely liquid position and others relatively short of cashand near-cash resources. In the tremendous expansion ofactivity which had occurred by the postwar period, the moreliquid firms found it possible to carry on the greater volumeof business with relatively smaller cash resources, while thegenerally prosperous conditions also permitted the less liquidfirms to achieve a moie satisfactory status.

It is interesting to note that the smaller firms had therelatively lower ratios in 1927, but that these firms experi-enced somewhat larger absolute and relative gains over thisinterval.4

Other liquidity measuresThe other measures of liquidity calculated for the sample

of manufacturing firms showed generally speaking the samepattern of liquidity changes as those just discussed. Theratio of current assets to current liabilities and the ratio ofliquid assets to current liabilities, both adjusted for thegreatly increased Federal taxes, show moderate declines overthe quarter century. The over-all declines are almostentirely due to reductions in the ratio of those firms whichwere most liquid in the earlier period.

Equity, Debt, and Related Changes

With the large fixed capital expansion program under waysince the end of the war, private industry required long-term financing on a scale never before approached. Whilethe bulk of this financing has been obtained from internal

* Similar data for all manufacturing firms over this time period are at present not sufficientlyrefined to compare the experience of our sample with tnat of the universe, but the roughmeasures now available are consistent with the picture shown above. Subtracting oursample data from these rough universe estimates suggested that the nonsampled group,consisting largely of the smaller firms, had liquidity ratios in 1927 more nearly comparable tothe smaller size group shown above, and experienced a relatively larger gain than shown forthe intermediate and larger sized firms in our sample.


12 SUEVEY OF CUEEENT BUSINESS November 1952

sources, principally through plowing back of earnings andthe use of depreciation allowances, substantial sums wereraised in the capital markets in the form of stock issues andbond sales, with the latter accounting for the bulk of suchfunds. In view of this large inflow of funds, both from inter-nal and external sources, it is interesting to make a fewprewar-postwar comparisons of the financial structure andrelated factors for the sample of manufacturing firms studied.

Long-term debt versus equity

Eoughly two out of five of the firms in the sample had nolong-term debt at the end of 1951—a proportion whichvaried but slightly from the situation which prevailed duringthe prewar period. Another one-tenth of the firms had in-vested capital (long-term debt plus equity) which was atleast 90 percent in the form of equity—again a proportionwhich showed little variation over the years.

The major change which occurred in the invested capitalstructure was a somewhat greater emphasis on equity capitalby those firms which were relatively heavy users of debtcapital in the twenties. Firms in which debt constitutedfrom 30 to 60 percent of invested capital accounted for aboutone-sixth of the sample firms in the late twenties but only 8percent of the sample in 1951. There was a correspondingincrease in the proportion of firms in which debt constituteda relatively moderate portion of invested capital (from 10to 30 percent). This latter group of firms representedalmost one-fourth of the sample in 1927 and approximatelytwo-fifths of the sample in 1951. It is noteworthy that thiscomparison actually minimizes the trend to equity capitalover this period since in the inflationary developments ofthe postwar period, the book value of equity tends to beunderstated relative to debt.

The interest "burden"

Actually the amount of long-term debt of the corporationsin the sample had been reduced substantially during thethirties and the war period. But in the face of the hugepostwar requirements, the volume of indebtedness wasincreased greatly in recent years and by the end of 1951,outstanding long-term debt was about 50 percent largerthan at the start of the period covered in the study.

Despite this larger volume of indebtedness, interest re-quirements were by 1951 only slightly above payments inthe twenties. This is of course understandable in the lightof a strongly downward trend of interest rates over most ofthis period, which made possible not only new debt financingon far more favorable terms than in the twenties but alsothe refinancing at lower rates of a substantial volume ofindebtedness incurred in the earlier period.4 When thisrelatively favorable interest-debt experience is placed againstthe background of the higher profits generally prevailing inthe postwar period, it can be seen that these developmentsmake for one of the most striking financial changes in thepast quarter century.

Interest paid by corporations in the sample of manufac-turing firms constituted but 1.4 percent of profits beforetaxes and interest in 1951, compared with 4.3 percent in

1940 and an average of 6.5 percent in the later twenties.With somewhat different emphasis, the significant change inthe debt picture can be pointed up by noting that for oursample firms, earnings available for servicing the debtamounted to 2.4 times the amount of debt outstanding in1951. This compares with ratios of 0.7 in 1927, 0.9 in 1928,and 1.1 in 1929. This picture would not be significantlyaltered if allowance is made for those firms which did notuse long-term debt throughout the period studied.

The accompanying chart and table 5 indicate in vividfashion how the change in the interest-debt pattern affectedthe different firms in the sample studied. The chart is basedon a frequency distribution of the firms grouped according tothe proportion that interest payments were of earnings avail-able for such payments (i.e., earnings before taxes andinterest). The scale on the left of the chart indicates thepercent distribution of the number of firms while the classinterval of the ratio of interest to earnings is shown by thedifferent shaded areas in each bar.

In 1927 almost one-fourth of the firms paid out interestwhich represented 20 percent or more of their earnings. In

Table 5.—Interest Paid Related to Profits Before Taxes and Inter-est—Frequency Distribution of Sample Firms in Manufactur-ing—Selected Years 1927-51

Interest paid toprofits before taxesplus interest paid

Zero percent0.1-10 percent10-20 percent20 percent and over

All

1927

38.121.915.224.8

100.0


1928

37.428.115.818.7

100.0

1929

40.229.912.117.8

100.0

1940

33.040.618.97.5

100.0

1948

34.659.83.71.9

100.0

1949

33.656.16.63.7

100.0

1950

29.963.53.82.8

100.0

1951

31.762.53.91.9

100.0

4 Interest payments as used in this section actually include interest paid on bank loans aswell as on longer term indebtedness, but the picture would be substantially unchanged ifallowance could be made for this fact.


recent years there has been only a scattering of firms in thisgroup. There was a similarly sharp drop in the number offirms for which interest charges represented from 10 to 20percent of available earnings. At the other extreme, therewas a reverse movement. Firms for which interest paymentsconstituted less than 10 percent of earnings made up three-fifths of the sample in 1927, but approximately 95 percent in1951, and of the latter roughly eight out of nine paid nointerest or interest which amounted to less than 5 percentof earnings.

It may be noted, however, that there were somewhatfewer firms in 1951 than in the twenties which had no interestpayments, and hence there was apparently somewhat morefrequent use of relatively small amounts of debts.

It would appear, when account is taken of the rigiditywhich the incurrence of debts adds to the financial structure,that the reduced incidence of indebtedness in the postwarperiod has materially added to the financial flexibility and ina real sense to the liquidity of the corporations studied.

Terms of Financing

As noted earlier the bulk of outside financing obtainedby manufacturers generally took the form of debt issues


November 1952 SURVEY OF CUERENT BUSINESS 13

(table 1). Of the total volume of external funds raised byall manufacturing corporations in the postwar period, three-quarters were borrowed, with 45 percent being in the form oflong-term issues.

There are three aspects of the preponderance of debt inoutside financing which call for special comment. In thefirst place, a substantial amount of total outside funds raisedflowed to the petroleum industry. Large firms in thisindustry have generally been inclined to make use of debtfinancing to a considerable degree in their expansion pro-grams. Although equity financing appears to have been ofgreater relative importance in other manufacturing fieldsthan the over-all figures presented above would suggest, debtfinancing still constituted the predominant share of externalfinancing for most of the firms studied.

It would be interesting to compare this postwar financingwith that of prewar financing. Unfortunately neither formanufacturing in general nor for our sample of firms has itbeen possible up to this time to assay with any satisfactorydegree of reliability the relative importance of bond and stockfinancing in the prewar period. Examination of the terms of

rates. The long-term rate which was not uncommonly at orabove 6 percent in the twenties was by the early postwarperiod cut almost in half, and though there was some firmingin this rate in the later postwar period, interest rates in 1951were still well below those of the late twenties.

In contrast, it appears that the cost of outside equitycapital increased substantially from the late twenties. Nodirect measures of this cost are available, but the computeddividend yield and the ratio of earnings to stock prices in-dicate an upward movement over this period. For example,for the firms studied in the sample, the median dividendyield-—the percent that dividends per share were of the stockprice—ranged 2.8 to 4.3 percent in the 1927-29 period, com-pared with ratios of from 6.3 to 7.8 percent in the later post-war period. A similar picture is revealed in the earnings-price ratio which averaged around 7 percent in 1927 and 1928,compared with a ratio almost double that figure in 1951.

Table 6.—Dividends Paid Related to Profits After Taxes— FrequencyDistribution of Sample Firms in Manufacturing—-SelectedYears 1927-51

Interest Payments Relatedto Earnings

Proportion of firms with relatively highinterest payments has dropped substantiallysince the twenties

100 -

75 -

•- 50 -

CL 25 -

INTEREST AS A PERCENTOF EARNINGS BEFOREINTEREST AND TAXES:

UNDER 15%

5% TO 20%

20% AND OVER

1927 1940 1951U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS 52-115

finance as well as other indirect evidence suggests that overthe span of years studied there has been, insofar as outsidefinancing is concerned, some shift to debt financing.

The decided downward drift in interest rates since the latetwenties is clearly evident in both long-term and short-term

Eatio of dividends toprofit after taxes

Less than 20 percent20-40 percent _ _ _ _40 60 percent _60-80 percent80-100 percent100 percent and over

All

Percent of number of firms in sample

1927

23.19.6

16.323 114.413.5

100.0

1928

19.615.029.912 113.110.3

100.0

1929

18.714.031.816.815.03.7

100.0

1940

23.48.4

27.122.415.92.8

100.0

1948

14.043.029.010.3

.92.8

100.0

1949

10.329.039.314.03.73.7

100.0

1950

10.337.434.610.34.62.8

100.0

1951

9.520.041.921.05.71.9

100.0


It should be stressed that the choice of the period 1927-29undoubtedly tends to overstate substantially the rise in termsof financing which occurred from other periods of thetwenties, since in the 1927-29 period the stock market wasunusually active and buoyant. If the comparison had beenmade with the middle twenties, available information sug-gests that the current earnings-price ratios would not betoo far out of line with that period, although dividend yieldswere higher in recent years. There seems little doubt, how-ever, that when account is taken of the sharply reduced costof borrowed funds, the terms of financing currently are morefavorable to relatively greater use of senior funds.

Even though this is the case, it will be recalled that equitycapital has been available in volume to manufacturingcorporations. As pointed out above in the invested capitalstructure of the firms studied, equity capital is currently ofgreater importance than in the prewar period. This has beenin part the result of conservative dividend policies pursued bymanagement in the postwar period. The range of the ratioof dividends to net earnings for the middle firm in the groupunder examination went from 38 to 50 percent from 1948 to1951. This compares with a range of from 50 to 60 percentin the 1927-29 period, and a ratio of 50 percent in 1940.Currently, however, with dividends well-maintained andprofits leveled off, the ratio of dividends to earnings—some-what more than 50 percent—for the typical firm among largercompanies is about in line with that of the later twenties.


/lew or r\ei/iAea STATISTICAL SERIES

New Series on Retail Store Inventories

J\L NEW Department of Commerce series on retail storeinventories is presented in this issue of the SURVEY OF CUR-RENT BUSINESS. These estimates, which begin with Decem-ber 1950, replace the series published up to this time. Thenew estimates are comparable in concept and coverage to thenew series on retail-store sales which were published in theSeptember SURVEY.

As in the case of retail sales, the new series on inventoriesinvolves a basic change in methodology adopted by the

Table 1.—Retail Inventories, Dec. 31, 1951, and Percent ChangeFrom Dec. 31, 1950, by Kind of Business *

Kind of business

United States, total

Food groupEating and drinking places _ _ _ _ _ _General merchandise group

Department stores, including mail-order _ _Variety storesOther general merchandise stores - _ _

Apparel group _ _ _Men's and boys' wear storesWomen's apparel, accessory stores _ _ _Family clothing and other apparel storesShoe stores.. _ _ _ _ _

Furniture and appliance groupFurniture, hrrmp, furnishings storesHousehold appliance, radio stores

Lumber, building, hardware group _ _ _ _Building materials dealers, plumbing, electrical stores. _Hardware stores

Automotive group _ _ _Motor vehicle, other automotive dealers. _ _ _ _ _ _Tire, battery, accessory dealers

Gasoline service stationsOther retail stores 3

Drug a n d proprietary stores _ _ _ _ _Liquor storesJewelry stores

Estimateddollar

volume(millions)

$19 530

2 121493

2 8571,590

515752

2,288725635503425

1,8511 209

6422, 1831,411

772

2 9752,638

337517

4 245772466477

Percentchange

fromDec. 31,

19502

7

4112

—1o254

—22

2o5

1495

14165g

121242

* Valued at cost. Group totals include data for kinds of business not shown separately.2 For organizations of 1 to 10 stores, only those stores are included which were in business on

Dec. 31,1951, and Dec. 31,1950.a Includes farm implements.

Source: U. S. Department of Commerce, Bureau of the Census.

Bureau of the Census.1 For retail inventories, the Bureauderives direct estimates of retail inventories for December 31,1951, from blown-up sample data. The new estimates arenot linked to a Census of Retail Trade base, a factor whichaccounts for a large part of the difference in the total level ofretail inventories indicated by the old and new series.

1 A detailed description of the new series and a discussion of the factors leading to the changeto this basis is contained in a statement available upon request to the Bureau of the Census.

14

Estimates for year-end 1950 were derived by the Office ofBusiness Economics by applying to the December 31, 1951,inventory estimate the percentage change from 1950 to 1951shown by the Census sample for those establishments report-ing both beginning and end-of-year inventories. The year-end figures so derived were interpolated for the months of1951 and extrapolated thereafter by estimates derived byprocedures used in the old series.

The sample of establishments from whose inventory re-ports the new year-end 1951 value was derived consisted ofover 100,000 establishments, each of which was chosen with aknown probability of selection. The estimates from thissample of reporting firms were derived essentially by weight-ing the reported inventories of each sample observation by avalue dependent upon its probability of selection.

Also shown (tables 3 and 4) are revised estimates of retailinventories on the old basis for the period 1949-51. Theseestimates, which are linked to a Census of Retail Trade base,are comparable with the previously published data and pro-vide a continuous series for the period December 1938through December 1951. This series will not be publishedin the future but is replaced by the new series here presented.

This revision of the estimates on the old basis makes avail-able the best possible overlapping data between the old andnew series. Adjusting the old series to Bureau of InternalRevenue statistics on corporate inventories for year-end 1949,the most recent annual data on inventories held by independ-ent stores, and other relevant information results in an up-ward adjustment of about 4 percent in 1949 and 1950 and asomewhat higher upward change in 1951.2

Comparison of Inventory Levels

The new Census Bureau method results in a change fromthe old series in the level of inventories. The fundamentalreason for the difference is that the estimates hitherto pre-pared by the Office of Business Economics were adjusted tothe universe figures obtained in 1939 and 1948 from theCensuses of Business in those years. It will be noted thatthe Office of Business Economics estimates for 1948 whichwere carried forward from the 1939 Census figures bymethods discussed above showed fairly close agreement formajor categories with the final 1948 Census figures.

Tables 1 and 2 show retail inventories on the new Censusbasis. For December 1951 the value of inventories isestimated at $19.5 billion, which is about $800 million (or4 percent) higher than the estimate for this period based onthe 1948 Census of Retail Trade. With certain minorexceptions, however, the 1948 Census excluded from the

^See October 1951 SURVEY OF CURRENT BUSINESS for a fuller description of methods ofestimating retail inventories on this basis, and detailed statistics covering the 1939-48 period.


November 1952 SUKVEY OF CURRENT BUSINESS 15

count of establishments those which were in business onDecember 31, 1948, but which went out of business beforeenumeration. Thus, a post-enumeration survey conductedby the Bureau of the Census has concluded that a net salesdifference of 0.8 percent for all retail trade may be accountedfor by this cause.

Also, it was estimated that failure to enumerate firmswhich had been in business on December 31, 1948, and duringthe enumeration period accounted for an undercoverage ofabout 0.5 percent of total retail sales. Thus, assuming thesame undercoverage and failure to enumerate in inventoriesas in sales, the difference between the old and new estimatesfalls well within the range of the sampling variation in thelatter series.

Comparisons by kind of businessA considerable amount of variation from the overall pattern

is evident by lines of trade. The differences in the resultinginventory totals derived by the two procedures are due to the

sampling variability inherent in the new series as well asinadequacy in some cases of the methods formerly used.In many of the cases where the differences are large, thereare correspondingly large coefficients of variation of thelevel of the new series.

For total durable goods stores inventories, the estimatesfor December 31, 1951, derived on the old basis are about6 percent lower than the new, and for all nondurables, 2percent lower. In the durable goods category, the auto-motive group and the furniture and appliance groups eachshowed inventories 6 percent lower on the old basis than onthe new. Jewelry stores stocks on the new basis are lowerthan previously estimated while the opposite is true for farmimplement dealers' inventories.

Again, among the nondurable goods groups, considerabledifferences are apparent in the old and new series. Inven-tories shown on the old basis for the general merchandisearid food groups were 2 and 5 percent above the new Censusfigures. Inventories of all other major nondurable goodscategories were lower on the old basis.

Table 2.—Inventories of Retail Stores by Kind of Business,1 1950—52—New Series

[Millions of dollars]

End of period

1950: December

1951: JanuaryFebruary _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _MarchAprilMayJuno _ , . _ - _ _

July _AugustSeptember _ _ _ _ _OctoberNovemberDecember

1952: JanuaryFebruary _ ___ _MarchApril _ _ _ _ _ _MayJune _ _

July _ _ _ _AugustSeptember P

1950: December _ __ __ _

1951: January _ __ _FebruaryM archApril __MayJune

JulvAugustSeptember _ _ _OctoberNovemberDecember _ _ _ _ _ _ _ _

1952: January _ _ _ _ _FebruaryMarchApril _ _ _ _ _ _ _MayJune _ _ _ _ _ _ _

JulyAugustSeptember p _ _

All retailstores 2

Durable goods 2 Nondurable goods 2

Total Automotivegroup

Furnitureand appli-ance group

Jewelrystores

Lumber,building,hardware

group"

Total Apparelgroup

Drug andproprietary

stores

Foodgroup

Unadjusted

18, 304

19, 16120, 34422, 05822, 37222, 31921,510

20, 85821, 04121,21221, 06322, 00319, 530

19, 68520, 33521, 22821, 10320, 54219, 825

19, 20919 27920, 441

8,334

8, 6138, 928

10, 12410, 55710, 63110, 391

10, 1449,8479, 6649,7719,8439,200

9,4369, 625

10, 03010, 1289,6899,229

8,6218, 3148,761

2,597

2, 6032, 6453, 0043 2023, 2633, 168

3,1023, 0742,9482,9593,0302,974

3,0993,1203, 2633, 3683, 1773,005

2,5942,4562,751

1,814

1,9121, 9902,2822,3482, 3642, 309

2,1801,9671, 9621,9152,0091,851

1,7781,7691,8211,8131,7361,602

1,6351,5751,664

466

471512574588567526

494510519545585477

461472503513498474

439447481

2,031

2,1412,2292, 4922, 5572, 5492,529

2, 5402, 5102, 4702, 5552, 3962,183

2,3392,4702, 5732, 5462,4722,428

2, 3462,2862,232

9,970

10, 54811,41611, 93411,81511,68811,119

10, 71411, 19411,54811,89212, 16010, 330

10, 24910, 71011, 19810, 97510, 85310, 596

10, 58810, 96511,680

2,235

2,4132,7492,7592,7802,7942,674

2,5142,7762,8472,8982,9262,288

2,2862, 5522, 6402,5622,5892,460

2,4032,7292,902

691

722739746751748727

722722729796850772

778773780790767742

749728768

2,040

2,1372, 2622,3202,0812,0291,937

1,8221,8322,0162, 0962, 1902,121

1, 9652,0792,1892, 0061,9302,010

1, 9671,9022,102

Generalmerchan-dise group

2,842

3,0343,3733, 6333,7783,7023,424

3, 3923,5513, 6253,7013, 6982,857

3, 0663,1543, 3463, 4043,3033,104

3, 1163, 2553,522

Seasonally adjusted

19, 134

20, 15220, 56821, 18421, 65721, 75621, 709

21,81321, 63321,11320, 79520, 81820, 754

20, 68120, 62520, 32120, 47720, 06920, 125

20, 12719, 74520, 299

8,463

8,9379,0909, 660

10,0159, 966

10, 057

10, 28710, 2589, 9209, 8069,7979,726

9,7759,7899,5839, 6249, 1129,030

8,7498,6268,982

2,487

2, 6322, 6682,8593,0422, 9663,018

3,0973,2123, 0813, 0913,1703,176

3,1293,1413,1063, 2002,8882,864

2,5912, 5642,876

1,864

1,9852,0132,1362, 2092, 2362,228

2, 2612,1422,0511,8661,8821,902

1,8461,7881, 7091,7131, 6671,625

1,7071,7011,730

497

517539557560546548

549548519495492508

507496488488479494

488480481

2,166

2,2612,2902,4172,4382,4482,464

2,5262, 4952,4572, 5502, 4392,327

2,4712, 5392,4942,4292, 3802,364

2,3322,2732,221

10, 671

11,21511,47811, 52411,64211,79011,652

11, 52611,37511, 19310, 98911,02111,028

10, 90610, 83610, 73810, 85310,95711,095

11,37811,11911,317

2,520

2,6552, 6622,6352,6872,7832,863

2,8382 7492, 6872, 6722, 6352,581

2,5172, 5372,4362, 5032,5832,636

2,7142,7002,740

691

710739737743758745

763759757771771772

766773770782777760

790765797

2,011

2, 1872,2152,2222,1342,1272,033

1,9261, 9261, 9681, 9602,0432,092

2,0112,0362,0962, 0572, 0232,110

2,0802,0012,052

3, 243

3,3463,4903,5183, 6563, 6863,612

3, 6483, 5893, 4543, 3103, 2523,248

3,3823, 2563,2483,2963,2953,271

3, 3583, 2765,352

p Preliminary.1 Titles have been changed to conform to new Census designations but group classifications

in these tables are comparable.

2 Inventories of other durable goods stores and other nondurable goods stores are not shownseparately but are included in the totals.

Source: U. S. Department of Commerce, Office of Business Economics and Bureau ofthe Census.


16 SUEVEY OF CURRENT BUSINESS November 195$

Table 3.—Retail Inventories by Kind of Business, Unadjusted, 1948—51—Old Series Revised 1


End of period

1948: December

1949: JanuaryFebruaryMarch _ _ _AprilMayJune _ -

JulyAugustSeptember _ _OctoberNovember __December

1950: January _-FebruaryMarch - -

MayJune

JulyAugustSeptemberOctoberNovemberDecember _ _ _ _ _

1951* January _ _February]VIarch _ _ _ -AprilMâyJune

JulyAugustSeptemberOctober - --NovemberD ecember

All retailstores

15, 190

14, 94615. 50916. 37715, 92415, 34514, 907

14, 54815, 04316. 01316, 78617, 01314, 570

14, 90015, 23616, 28915 92815, 99015, 751

14, 86216, 20317, 40918, 96419. 77717, 781

18, 60019, 76621, 41521, 66721 . 57320. 636

20, 10420, 28720, 45320, 88621, 14718, 719

Durable goods

Total

6,587

6, 6796,8987,1987,0826, 6776,530

6,4456,5336, 9697,2297,1436,293

6,5896.4886,7456,6906,8426,882

6,1176,4766,9387,7238,2727,981

8, 2358.5339,650

10, 03610, 0789,714

9.5869,3099,1329,2429, 2238,625

Automotivegroup

2,078

2, 2532,3812,3742,2421,9742,022

2.0372,1382,4062.5242,3461,918

2,1952,0041,8881,7711,8832,045

1,5931,7131,7992,1342,4002,462

2,4672. 5032,8423,0283,0802,989

2,9242,8972,7742,7832,8482,791

Buildingmaterialsand hard-

ware group

1,680

1,6821,7201,8511,9121,8991,860

1,8251,8261,8241,8071,8111,706

1,7211, 7641,9001,9571,9701,964

1,9171,9412,0312,0722,1112,090

2,2032.2902, 5572, 6212, 6092,591

2, 6042, 5702,5272, 6192,4472.219

Home-furnishings

group

1,384

1,2971,2991, 3591, 3221, 2661,171

1,1481,1051,1671 227l]2681.217

1,1921, 2431,3911, 4151,4421,356

1,2431.3761, 5131.7411, 8541, 764

1, 8521.9222. 1932.248

2^093

2, 0651. 8621, 8511.8041,8371,732

Jewelrygroup

448

436454524533527488

458474516575635498

485506566560543517

484519607688748

! 559

565616691710686637

600621633666717586

Otherretail —durable

997

1,0111,0441,0901,0731,011

989

977990

1,0561,0961,083

954

996971

1,000987

1,0041,000

880927988

1,0881,1591,106

1,1481,2021,3671,4291,4501,404

1,3931,3591. 3471.3701. 3741,297

Nondurable goods

Total

8,603

8,2678, fill9,1798, 8428, 6688,377

8,1038,5109,0449,5579,8708,277

8,3118,7489,5449, 2389,1488,869

8,7459,727

10, 47111, 24111, 5059,800

10. 36511,23311, 76511,63111, 49510, 922

10, 51810, 97811,32111, 64411, 92410, 094

Apparelgroup

1,849

1,8252,0372.2662,1212,0441,911

1,7922,0182,2202,2492,2861,815

1,8572,0832.3322.1952,0981,962

1,9382,3132,3952.5322,5912,084

2,2592,5882,6052,6342,6592,559

2,4162, 6782,7582, 8152, 8552,233

Drugstores

657

658653659647630633

605617637670720665

662660672654662662

637658661703762687

713727729730723699

690687690749796719

Foodgroup

1,806

1,6901,7281, 7581,6651,6441,634

1,6141,6021,7191,8211,8741,774

1, 7531,7991,9321,8211,8301,838

1,8011,9862,1342, 2532,2512,145

2,2472,3762,4372, 1862,1292,033

1,9121,9222,1132, 1972,2962,222


2,543

2,4832,6302,8282,7912,7272,600

2, 5122,6842,8743,1243,2862,484

2,5582,7643,0113,0072,9442.775

2,7273,0833,3763,7263, 8433,001

3,1973, 5523,8143,9503,8613,560

3,5173,6793,7403,8003,7802,910

Otherretail —nondur-

ables

1,74-

1,6111,5621,66-1,61?1,6251,59.

1,58C1,58-1,5941,6921,7041,53-

1,4811,4421,5971,5611,6141,632

1,6421,6871,9052,0272,0581,883

1,9491,9902,1802,1312,1232,071

1,9832,0122,0202,0832,1972,010

* This series is comparable with data published for the period December 1938-48. Source: U. S. Department of Commerce, Office of Business Economics.

Table 4.—Retail Inventories by Kind of Business, Seasonally Adjusted, 1948—51—Old Series Revised l


End of period

1948: December

1949: JanuaryFebruaryMarchAprilMayJune

JulyAugustSeptemberOctoberNovemberDecember

1950: JanuaryFebruaryMarchAprilMayJune

July _AugustSeptemberOctober _NovemberDecember

1951: January _ _FebruaryMarchApril _ __ _ _MayJune

JulyAugustSeptember-.- -OctoberNovemberDecember

All retailstores

15, 828

15, 53815, 51615, 58115, 55315, 30715, 272

15 42715, 61316, 05016, 08315, 85115, 311

15, 49515, 28715, 50415, 54615, 93416, 139

15, 77216, 73517, 34618, 05218, 40718, 652

19, 55819, 98420, 55221, 00821, 14421, 007

21, 10020, 85820, 32119, 97219, 93819, 892

Durable goods

Total

6,746

6,7456,8126,7776,8126,5556,502

6,7296,9687,2897,2486,9196,437

6,6596,4346,3696,4206,7056,856

6,3686,8667,1937,6958,0128,155

8,5338,6709,1959,5399,5359,560

9,7809, 7039,3589,2309,1519,108

Automotivegroup

1,947

2,1172, 2122,1722,2002,0112,007

2,1832,4082,6642,6392,2881,838

2,0601,8661,7291,7361,9192,031

1,7011,9181,9812,2272,3412,358

2,4952,5252,7052,8762,8002,848

2,9203,0262,8992,9072 Q7Q

2, 981

Buildingmaterialsand hard-ware group

1,823

1,7761,7681,7951,8241,8251,810

1,8141,8161,8161,8121,8461,820

1,8181,8131,8421,8671,8931,911

1,9051,9302,0222,0762, 1502,232

2,3272,3542.4792,5002,5092 525

2,5902,5552,5132,6102,4882,367

Home-furnishings

group

1,465

1,3461,3121,2751,2501,2141,188

1,1991,1931,2121,1931,2151,251

1,2361,2531,3061,3371,3801,375

1,3021,4851,5721,6941,7831,813

1,9231,9432,0532,1162.1352,119

2,1432,0251,9341,7571,7661,780

Jewelrygroup

489

479478509508507508

509510516523534530

533533550533522539

538558607625629595

621648671676660664

667668633605603623

Otherretail-durable

1,022

1,0271,0421,0261,030

998989

1,0241,0411,0811,0811,036

998

1,012969942947991

1,000

922975

1,0111,0731,1091,157

1, 1671,2001,2871,3711,4311,404

1,4601,4291,3791,3511,3151,357

Nondurable goods

Total

9,082

8,7938,7048,8048,7418,7528,770

8,6988,6458,7618,8358,9328,874

8,8368,8539,1359,1269,2299,283

9,4049,869

10, 15310, 35710, 39510, 497

11, 02511,31411,35711,46911, 60911, 447

11,32011, 15510, 96310, 74210, 78710, 784

Apparelgroup

2,062

2,0172,0202,0892,0732,0372,046

2,0191,9992,0962,0752,0592,050

2,0442,0662,1492,1462,0902,102

2,1902,2902,2562,3332,3302,354

2,4872,5002,4892,5462,6502,741

2,7342,6522,6002,5942,5672,520

Drugstores

631

648653651640638649

639648661649653665

652660664647671678

673691686681691687

702727720722733716

729722716725722719

Foodgroup

1, 806

1,7301,6921,6841,7081,7231,715

1,7061,6851,6791,7031,7481,750

1,7941,7621,8511,8681,9181,929

1,9042,0882,0842,1082,1002,115

2,3002,3272,3342,2422,2322,133

2,0212,0212,0632,0552,1422,191


2,835

2,7342,7052,7442,7032.7192,739

2,7042,6992,7322,8032,8922,846

2.8182.8572.9092.9032,9232,921

2,9433,0893,2063,3193,3823,431

3,5283,6763,6913,8253,8493,756

3,7823,7073,5563,3993,3303,315

Otherretail—nondur-

ables

1,748

1, 6641,6341,6361,6171,6351,621

1,6301,6141,5931,6051,5801,563

1,5281,5081,5621,5621,6271,653

1,6941,7111,9211,9161,8921,910

2,0082,0842,1232,1342,1452,101

2,0542,0532,0281,9692,0262,039

1 This series is comparable with data published for the period December 1938-48. Source: U. S. Department of Commerce, Office of Business Economics.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


MANUFACTURERS' NEW AND UNFILLED ORDERS

The regular annual revision of the monthly estimates ofmanufacturers' new and unfilled orders has resulted in verylittle change in trends from those shown by the previouslypublished series. The levels of the new series are slightlyhigher—as indicated by the annual figures published in theOctober 1952 issue of the SURVEY OF CURRENT BUSINESS.

In addition to the usual revisions to take account of newlyavailable data, the new orders series have been adjusted forseasonal variations. For descriptions of the methods usedin compiling the orders series and figures for previous years,reference may be made not only to the October 1952SURVEY OF CURRENT BUSINESS, but also to the December1949 and June 1952 issues.

Table 1.—Manufacturers' New Orders 1948-September, 1952[Millions of dollars]

1948* JanuaryFebruaryMi archAprilMayJuno -

JulyAugustSeptemberOctoberNovemberDecember

Total

1949: JanuaryFebruaryMarchAprilMayJune _- .

July _AugustSeptemberOctoberNovember _ .December

Total

1950: JanuaryFebruary _ _March___April _ _ _ _MayJune _ __ _ _

July .AugustSeptember _OctoberNovemberT^fiHfimbfir

Total

1951: JanuaryFebruaryMarch __AprilMayJune _

JulyAugust _ __ _ __SeptemberOctoberNovember _ _December

Total

1952: JanuaryFebruary _ _MarchAprilMayJuneJuly _ _August _ _ _ _ -September

Not Adjusted for Seasonal Variation

fcJO

1

"oEH

16, 96816, 14318, 24116, 84215,79818, 373

16, 86818, 36518, 49517, 96517, 33916, 813

208,211

15, 64615, 42816, 99214, 81314, 67815, 428

14, 33917, 06517, 72016, 76416, 20715, 756

190, 836

16, 70816, 33418, 52417, 04018, 96020, 796

22, 60427, 34024, 05424, 11821, 62623, 493

251,598

29, 14226, 40729, 01924, 47623, 90624, 031

22, 44623, 17921, 72325,01522, 72421, 103

293, 172

23, 28822, 68225, 10923, 93621, 73024, 96422, 61322, 52024, 944

Durable — goods industries

^

1

7,1096, 6347,9347,2306,5068,360

7,6538,0267,8917,6797,3007,455

89, 777

6,3956,5437,1595,9435,7876,420

5,8727,0157,3506,9106,7376,975

79, 107

7,6027,1068,6297,9688,829

10, 475

11,52614, 72712, 46512, 29710, 36212, 123

124, 109

15, 88214, 09316, 24613, 36812, 54813, 138

11,94411, 56710, 34812, 50810, 95310, 296

152, 892

11,55510, 98513, 36112, 46410, 25113, 32911,32710, 43612, 108

1abc3

.9'£HPH

1,4221,2821,5621,2771,1591,492

1,4601,4701,4721,5891,7061,723

17, 614

1,4931, 3881,354

974921

1,016

8261,166

8891,0461,2771,466

13,815

1,4151,4121,6481,5421,6261,869

1,8892, 4662,0802,1321,8302,420

22,330

2,2892,1212, 6772,3452,2282,043

2,1552,1091,7042,5301,6911,900

25, 794

2,0911,8611,9432,1761,6991,2751,4881,6391,990

"02"CDa-g11PR

846694865945650900

8751,008

917901721742

10,062

754572704565424674

666799911802673645

8,189

847700863829995

1,112

1,2911,6761,3411,3401,1711,245

13,409

1,9031,6141,5261,3131,2641,233

1,0291,1771,2441,2851,1371,024

15,749

1,334979

1,1161,3671,1101,2441,1751,2371,489

i.3a§B

b|®

1w

680443864693661762

826746804827769866

8,943

612575755518518723

592607870729593832

7,922

732645954697809

1,232

9471, 5681, 6511,2481,0351,440

12, 959

1,5901,4481,7821,3121,2301,457

1,1441,1611,1581,2711,1541,401

16, 106

1,1041,3162,4541,1981,0341,6851,1641,0231,275

'Is 1

1"aoZ

1,1821,0761, 2671,2111, 2041,339

1,1921,2671,1751,1411,0411,149

14,244

9201,0811.1861,0051,1271,064

9961, 0691, 0381,019

861994

12, 360

1, 2331,1411,4301,2461,3821,407

1,7712,2321,8861,9221,7522,223

19, 626

2,6512,8252,7052,4612, 3581,932

2,2882,3041,7122,0341,7921,979

27, 039

2, 0602,0231,8991,9341,6891,9001,9991,6711,839

rt0

tat}

II°,it~l

EH

1,2471,4451,4951,3231, 1952,118

1, 4621,5781, 5371,3921,4641,568

17,822

1,0251,4391,4691,3861,3651,467

1, 4621.5871,7341,4451,5691,203

17, 151

1,5731,4411,6111,7221,8782,630

3,1983,7192,8912,9082,0532,509

28, 133

4,2103,2644,4723,1882,8713,728

3,1962,2522,4722,7843,0622,247

37,748

2,5642,4913,6603,2782,4744,7342,9492,3683,148

i0

1,7331, 6951,8811,782M371,748

1,8381,9571,9861,8301,5981,407

21,091

1,5931,4891, 6921,4941.4341,476

1,3291,7871,9081,8691, 7641,836

19, 670

1,8021,7672,1231,9322,1392,225

2,4303,0662,6152,7472,5212,286

27, 652

3,2392,8223,0852,7492,5992,745

2,1332,5652,0572,6032, 1161,745

30, 457

2,4022,3142,2892,5102,2452,4912,5512,4972,367

Nondurable— goo dsindustries

3&

9,8599,508

10, 3079, 6129, 292

10, 013

9,21510, 33910, 60510, 28610, 0399,358

118, 434

9,2518,8859,8338,8718,8909,007

8,46710, 05010, 3709,8539,4708,781

111,729

9,1069, 2289,8949,072

10, 13110, 322

11,07912, 61411,58911,82112, 26411,370

127,489

13, 25912, 31412, 77311,10911,35710, 893

10, 50211,61211,37412, 50711,77110, 807

140, 280

11, 73311,69711, 74811, 47211,47911,63511,28612, 08412, 836

•tf

« £

*%

5°

£

2,3132, 3412,7332,2432, 0462,508

1,9062,2062,4782,2602, 3661,933

27,333

2,0831,8982,2641,9181, 9612,108

1,9262,4852, 8842,4212,4582,070

26, 474

2,4282,4492,3862,1282,5852,805

3,1663,4543,0923,0043,0392,936

33,474

4,0883,6983, 6822,7532,5282,489

2,1402, 4032,5362,8522,7792,367

34,315

2,7662,7182,6342,5072,6322,8892,5292,8613,063

t-iCD,d6

7,5467,1677,5747,3697,2467,505

7,3108,1338,1278,0267, 6737, 426

91, 102

7, 16S6,9887, 5696, 9536,9306,900

6,5427, 5657, 4867, 4327,0126,712

85,254

6,6786,7787,5086,9437, 5467,516

7,9139, 1608,4978,8178, 2268, 433

94, 016

9,1718,6109,0928,3568,8298,404

8,3639,2098,8389, 6568,9928,440

105, 964

8,9678,9789,1138, 9658,8478,7468,7579,2239,774

Adjusted for Seasonal Variation

b£

3i3co3

"c3

1

16, 57716, 67316, 92717, 36916, 77718, 273

17, 77117, 49217, 89217,31817, 76617, 632

15, 29815, 94315, 80315, 23915, 59915.371

15, 18016, 32417, 04716, 11816, 54216, 643

16, 30716, 89117, 18717, 50420, 28620, 506

23, 88226, 09723, 37523, 40022, 32824, 808

28, 34427, 31226, 75125, 10025, 65223, 572

23, 50722, 05621, 13324, 29723, 40622, 174

22, 69523, 49323, 07524, 56923, 28424, 34123, 80721, 50024, 208

Durable— goods industries

3oe

6,8456,8427, 0957,3717, 2368,003

7,7737,3987, 8287,6807,8907,910

6,1646, 7656,4076,0836,4586,148

5,9706, 4677,2086,9077, 2487, 477

7,3217,3577,7178,1509,8759,979

11, 73413, 68312, 35612, 34711,25812,913

15, 26914, 58114, 52613, 68514, 02212, 459

12, 11010, 68110, 26612, 56711,82010, 937

11,11511,39211,84112, 76111,49212, 43711,5129,646

11,998

'oJ"Sa>>

1&1,3681.3411,4061,3251,2851,504

1,4641, 3431,6551,5861,7791,575

1,4371,4521,2181,0111,0211,024

8281, 0651,0001,0441,3321,340

1,3621,4771,4831,6001,8021,884

1,8952,2522,3402,1281,9082,212

2,2032,2192,4102,4322,4712,060

2,1621,9261,9172,5251, 7641,737

2,0131,9471,7492,2581,8831,2851,4931,4972,238

o>a

6

1

745750762873746925

932931866863817851

664618620521487693

709738861769763740

746756760765

1,1421,143

1,3751, 5471,2671,2831,3281,430

1,6771,7451, 3441,2121, 4511,267

1,0961,0861,1751,2311,2891,176

1,1751,058

9841,2621,2751,2781,2521,1421,406

pj

€03

*fr03 O

-§^0

3

736522689745739613

833777784854898788

662677602557578581

597633848753692756

792760760749904990

9551,6341,6091,2901,2081,309

1,7201 1,705

1,4201,4111,3741,171

1,1531,2101,1291,3131,3461,274

1,1951,5501,9551,2891,1561,3551,1741,0661,243

C3ars >>|j3

?sr^H &

I

1,1271.0551, 1401,2111.2221,344

1,1431, 1491,2241,2001,2471,215

8771,0601, 0671,0051,1431,069

955969

1,0821, 0711,0311,050

1,1761,1191,2861,2461,4021,413

1,6982,0241,9642,0212,0992,350

2, 5302,7692,4322,4612,3901,940

2,1942,0881,7832,1392,1462,092

1,9661,9841,7081,9341,7131,9081,9161,5151,915

o

C3 C

IIe! &g «?-i

EH

1,1771,4431, 3601, 3911, 4531,798

1,5211,5381,4771, 4511,4401,769

9681,4371,3371, 4581, 6601,245

1,5221, 5471,6661,5061,5431,358

1,4851,4401,4661,8112,2852,233

3,3273,6252,7773, 0332,0192,832

3,9763,2614,0693,3523,4933,165

3,3252,1952,3752,9043,0112,536

2,4212,4883,3303,4473,0094,0193,0692,3083,024

i

&

O

1,6921, 7311,7381, 8261,7911,819

1,8801, 6601,8221, 7261,7091,712

1,5561,5211, 5631, 5311, 5691,536

1,3591,5151,7511,7641,8872,233

1,7601,8051,9621,9792, 3402,316

2,4842,6012,3992,5922,6962,780

3,1632,8822,8512,8162,8432,856

2,1812,1751,8872, 4562,2632,123

2,3462,3642,1162,5712,4562,5922,6092,1182,172

Nondurable — goodsindustries

19,7329,8319.8329,9989,541

10, 270

9,99810,09410, 0649,6389,8769,722

9,1349,1789,3969,1569,1419,223

9,2109,8579,8399,2119,2949,166

8,9869,5349,4709, 354

10,41110, 527

12, 14812,41411,01911,05311,07011,895

13, 07512, 73012, 22511,41511,63011,113

11,39711,37610, 86711,73011,58611,237

11, 57912, 10111, 23411,80811, 79211,90412, 29511,85412, 210

-d0

fl £*%2o

¥2,2372,4042, 5492,2162, 0562,423

2,2582, 3642,3222,0852,2262,179

2,0141,9492,1121,8951,9712,037

2,2822, 6632,7032,2332,3122,334

2,3482,5142, 2262,1042,5982,710

3,7513, 7022,8982, 7712, 8593,310

3,9543,7973, 4352,7202,5412,405

2,5362,5762,3772,6312,6142,668

2,6752,7922,4572,4772,6452,7912,9963,0672,871

;_cCD.g

0

7,4957.4277,2837,7817, 4857,846

7,7407,7307,7417,5537,6507,543

7,1197.2297,2847,2617,1707,186

6,9287,1937, 1366,9786,9826,832

6,6387,0207,2447,2507,8137,817

8,3978,7128,1228,2828,2118,585

9,1208,9348, 7908,6949, 0898, 708

8, 8628, 8008,4909,0998, 9728, 568

8,9049,3108,7779, 3309,1469,1139, 2988,7879, 339

Includes professional and scientific instruments, lumber, furniture, stone, clay and glassand miscellaneous industries.

2 Includes textile, leather, paper, and printing and publishing industries.

225878°—52 3

3 New orders for this group which includes food, beverages, apparel, tobacco, chemicals»petroleum and rubber, are considered as equal to sales.



18 SUEVEY OF CURRENT BUSINESS November 1952

Table 2.—Manufacturers' Unfilled Orders. 1948-51[Millions of dollars, not adjusted for seasonal variation]

Table 2.—Manufacturers' Unfilled Orders.. 1948-51l—Continue*

[Millions of dollars, not adjusted for seasonal variation]

1948: JanuaryFebruaryMarchApril.May__.June.-

JulyAugustSeptember _OctoberNovemberDecember

1949: JanuaryFebruaryMarch __AprilMayJune__

JulyAugust. _ _SeptemberOctoberNovember... _December

1950: January ..FebruaryMarchApril

To

tal

man

ufac

turi

ng

30, 37029, 84229, 85829, 43228, 50429, 216

29, 79329, 80129, 43128, 54227, 95226, 946

26, 03625, 14224, 14122, 53121, 34220, 420

20, 23020, 01820, 22220, 38220, 61420, 785

21, 74022, 08922, 39622, 485

Durable-goods industries

13

1

25, 69425, 27525, 21125, 02624, 40225, 061

25, 84626, 17025, 92925, 35624, 82524, 150

23, 33322, 72521, 86820, 45919,31818, 414

18, 09917, 74417, 58417, 88218, 04418, 423

19, 23219, 44619, 92720. 131

Pri

mar

y

met

als

4,2954,3284,4364,3844,2084,294

4,5084, 5254,4894, 4544,6074,638

4,5774,4844,2323, 8623,5573,332

3,1543,1132, 7253,1823,5373,708

3; 7853, 8864,0714.159

Fab

rica

ted

met

als

3,5283,4253,4123,5133,3663,428

3,5513,6363,5913,5893,4713,351

3, 3573,2043,0922, 9362,6562,550

2,5302,4712, 5122, 4872,4252,382

2,5222,4702, 4642.487

Ele

ctr

ica

l m

a-ch

iner

y

3,1012,8312, 9262,8882,8712,910

3,0723,1173, 1293, 1603,1233,135

3,0812,9752, 9682,7972,6442,696

2,7482, 6942, 8102 7992, 6692,769

2,8372,7712,8702.797

No

ne

lec

tric

al

mac

hine

ry

6,0785,8985,7405,5905,4995,428

5,4575,4535,2815,0784,8844,620

4,3434, 2063, 9993,6983,5743,384

3,3813,3243, 2273,1372 9722,900

3,1153, 1783,2863,279

_o

c3 rf

c 2,

H

5,2875,3905,3415,3065,2065,853

5,9336,0566,0435,8295,7415,655

5,1925,0834, 8584,5684,4424,221

4,1043,9454,0353, 9684, 1734,089

4,1484,1784, 1574,298

C20

3,4053,4023,3573,3443,2523,148

3,3253,3833, 3963,2463,0002,751

2,7832,7732,7182,5972,4462,231

2,1812. 1972, 2752, 3092 2672, 575

2, 8262, 9633,0793,111

No

nd

ura

ble

-go

od

sin

du

stri

es 3

4,6764,5684,6464,4064,1024,156

3,9473,6313, 5023,1863,1282,796

2,7032,4172,2732,0722,0232,006

2,1312,2752, 6382,5002, 5702, 362

2,5082, 6422, 4692,354

1950- MayJune

July.AugustSeptemberOctoberNovemberDecember

1951: JanuaryFebruaryMarch,ApriL.MayJune

July.August.SeptemberOctoberNovemberDecember.

To

tal

man

ufa

ctu

rin

g

22, 91424, 482

28, 56133, 40336, 19037, 78738, 55740, 638

47, 15551, 83756, 67558, 90659, 85361, 777

64, 24464, 68664, 64065, 35365, 71765, 795

Durable-goods industries

3e20, 29121, 507

24, 75129, 22831,85433, 54634, 21936, 176

41, 71745, 72650, 15252, 62554, 05756, 426

59, 26960, 34760, 66661, 66562, 07662, 410

Pri

mar

y

met

als

4,1634,355

4,7585,4545,7786,0086,0146,385

6,6376,9437,4797,8037,9057,845

8,2278,3178,1348,5398,2028,074

£1

-%

Fab

rica

2,5642,682

3,0583,5033,7193,8333,9434,109

4,8655,3285,5785,7035,7775,847

5,8245,8075,8805,8105, 7665,739

-ica

l m

a-ic

ry

Ps2,8003,172

3,3653,9594,5924,7194,7305,018

5,5826, 0066, 6176,9367,2157,713

8,1068,3008,4368,5938,6688,954

Jo .'C C'o Co>'"

'is0 ^

£

3,3353,358

3,8404,5615,0165,3985,7526,376

7,4658,6469,414

10, 03710, 52410, 594

11, 29611, 86511, 90811, 94611,91612, 018

eo

11o 5

11;_

4,2374,632

5,9407,4028,2548,9709,1069,565

11, 76812, 97614, 95315, 90516, 49718, 041

19, 38719, 56220, 05520, 61221, 57721, 846

Oth

er 2

3,1923,308

3,7904,3504,4954,6174,6744,722

5,4005,8266,1106,2426,1386,386

6,4306,4956,2546,1645,9475,780

No

nd

ura

ble

-go

od

s j

ind

ust

ries

3

i

2,622,97

3,814,174,334,244,334,46

5,436,116,526,285,795,35

4,974,333,973,683,643,38

1 As of end of period.2 Includes professional and scientific instruments, lumber, furniture, stone, clay and glass

and miscellaneous industries.3 Includes textile, leather, paper, and printing and publishing industries. Unfilled orders

of other nondurable goods industries are considered to be zero.Source: U. S. Department of Commerce, Office of Business Economics.

BUSINESS INVENTORIES AND SALESBusiness Inventories 1


1950: December

1951: JanuaryFebruary . _ _ _MarchApriL- _ _ _May _ _June-

JulyAugust _ . . -SeptemberOctoberNovember _ _ __ __December

1952: January _ _ _FebruaryMarchAprilMayJune

JulyAugust _ _ _ _ _ _ _September *

1950: December

1951: JanuaryFebruary _ _ _March __ _ _AprilMayJune

TotalTotal

durablegoods

Totalnondurable

goods

Manufacturing

Total Durablegoods

Nondurablegoods

Wholesale trade

Total Durablegoods

Nondurablegoods

Retail trade

Total Durablegoods

Nondurablegoods

Unadjusted

62, 041

64, 42266, 41669, 35970, 95571, 98671, 808

71, 99172, 56773, 14974, 05274, 74572, 736

73, 39974, 11975, 25874, 82773 80472, 558

71, 53471,72172, 960

29, 273

30, 44431,35133, 25634, 50835, 54535, 825

36, 03936, 07436, 17536, 53536, 84636, 754

37, 57238, 11838, 93239, 22838, 77437, 752

36, 48036, 24436, 626

32, 768

33, 97835, 06636, 10336, 44736, 44235, 983

35, 95236, 49336. 97437, 51637, 89935, 982

35, 82736, 00136, 32535, 59935, 03034, 806

35, 05435, 47736, 334

34, 176

35, 29735, 89036, 79737, 97839, 00439, 790

40, 58541, 12241, 48041, 89442, 31643, 056

43, 37343, 59443, 73243, 61443, 40742, 972

42, 66042, 70742, 592

16, 660

17, 29217, 72718, 15618, 74919, 53920, 050

20, 55621, 02821. 39521, 73022, 05122, 650

22, 99223, 37923, 64723, 81323, 92423, 518

23, 05023, 11623, 041

17, 516

18, 00518, 16418, 64119, 22919, 46619, 740

20, 02920, 09420, 08520, 16320, 26520, 406

20, 38120, 21520, 08419, 80119, 48319, 454

19, 61019, 59119, 551

9,561

9, 96410, 18210, 50410, 60510, 66310, 508

10, 54810, 40410, 45710, 49510, 42610, 150

10, 34110, 19010, 29810, 1109,8559, 761

9,6659,7359,927

4,279

4,5394, 6964,9765,2025,3755, 384

5,3395,1995,1165,0344,9524,904

5,1445, 1145,2555,2875,1615,005

4,8094,8144,824

5,282

5,4255,4865,5285, 4035,2885,124

5,2095,2055,3415,4615,4745,246

5,1975, 0765, 0434,8234,6944,756

4,8564,9215,103

18, 304

19, 16120, 34422, 05822, 37222, 31921, 510

20, 85821, 04121, 21221, 66322, 00319, 530

19, 68520, 33521, 22821, 10320, 54219, 825

19, 20919, 27920, 441

8,334

8,6138,928

10, 12410. 55710, 63110, 391

10, 1449,8479, 6649,7719,8439,200

9,4369,625

10, 03010, 1289,6899,229

8,6218,3148,761

9,970

10, 54811,41611, 93411, 81511, 68811,119

10. 71411, 19411, 54811, 89212, 16010, 330

10, 24910, 71011, 19810, 97510, 85310, 596

10, 58810, 96511, 680

Seasonally adjusted

62, 905

65, 00966, 08967, 83169, 96971, 22672, 041

29, 759

30, 84331, 36332, 40633, 55834, 38635, 167

33, 145

34, 16534, 72635, 42536, 41036, 84036, 873

34, 118

35, 00835, 50436, 36237, 80538, 77339, 684

16, 822

17, 37517, 67017, 95918, 57619, 27319, 903

17, 295

17, 63217, 83418, 40319, 22819, 50019, 780

9,653

9,84910, 01710, 28510, 50710, 69710, 648

4,474

4,5314,6034,7874,9675,1475.207

5,179

5,3185,4145,4985,5405,5505,441

19, 134

20, 15220, 56821, 18421, 65721, 75621. 709

8,463

8,9379,0909,660

10, 0159,966

10, 057

10, 671

11, 21511, 47811, 52411, 64211, 79011, 652

See footnotes at end of table.


November 1952 SURVEY OF CURRENT BUSINESSBusiness Inventories l—Continued


19

1951: JulyAugustSeptemberOctober _ _ __NovemberDecember _ _

1952: JanuaryFebruaryMarchAprilMayJune _ _ _ _ _ _

JulyAugustSeptember v __ _

TotalTotal

durablegoods

Totalnondurable

goods

Manufacturing

Total Durablegoods

Nondurablegoods

Wholesale trade

Total Durablegoods

Nondurablegoods

Retail trade

Total Durablegoods

Nondurablegoods

Seasonally adjusted

73, 26373, 73173, 66273, 67773, 88374, 059

73, 99673, 82973, 62073, 87673, 07472, 913

72, 76572, 71473, 377

36, 15336, 70836, 74037, 02237, 31637, 717

38, 01238, 11338, 03938, 27437, 66237, 236

36, 57536, 76037, 125

37, 11137, 02336, 92236, 65536, 56736, 343

35, 98435, 71635, 58135, 60135, 41335, 677

36, 19035, 95536, 251

40, 65241, 53242, 06742, 43742, 69243, 039

43, 07743, 16843, 23743, 40243, 14442, 892

42, 74843, 10743, 151

20, 47921, 12121, 54221, 96822, 33722, 884

23, 11023, 31323, 40123, 59623, 59523, 348

22, 96223, 20023, 186

20, 17420, 41120, 52520, 46920, 35520, 156

19, 96719, 85519, 83619, 80519, 55019, 544

19, 78619, 90819, 964

10, 79810, 56610, 48210, 44510, 37310, 266

10, 23810, 03610, 0629,9979, 8619,896

9,8909,8629,927

5,3875,3295,2785,2485,1825,107

5, 1275,0115,0555,0544,9554,858

4,8644,9344,957

5,4115,2375,2045,1975,1915, 159

5,1115,0255,0074, 9434, 9085,038

5,0264,9284,970

21, 81321, 63321, 11320, 79520, 81820, 754

20, 68120, 62520, 32120, 47720, 06920, 125

20, 12719, 74520, 299

10, 28710, 2589,9209,8069,7979,726

9,7759,7899, 5839,6249,1129,030

8,7498, 6268,982

11, 52611, 37511, 19310, 98911,02111, 028

10, 90610, 83610, 73810, 85310, 95711, 095

11, 37811, 11911, 317

» Preliminary.1 Includes the new series on retail inventories based on a change in the method of estimation adopted by the Bureau of the Census. See description of new series on retail store inventories

in this issue of the SURVEY.Source: U. S. Department of Commerce, Office of Business Economics.

Business Sales 1


1951: January _ _ __FebruaryMarchApril . _ _MayJune _

JulyAugustSeptember _ _October . _ _NovemberDecember . __

1952: JanuaryFebruaryMarch _ _ _ _ _ _ _ _AprilMay _ _Juno

JulyAugustSeptember1

1951: January _ _February _ _ _ _ _ _MarchAprilMay _ _ _ __ _ _June

July _AugustSeptemberOctober _ _ _ _ _ _ _ _ _NovemberDecember

1952: JanuaryFebruary _ _ _ _ _MarchApril _MayJune _ _

July ..AugustSeptember »

TotalTotal

durablegoods

Totalnondurable

goods

Manufacturing

Total Durablegoods

Nondurablegoods

Wholesale Trade

Total Durablegoods

Nondurablegoods

Retail Trade

Total Durablegoods

Nondurablegoods

Unadjusted

44, 70541, 82546, 36142, 88244, 77743, 651

40, 42045, 19343, 89148, 44445, 62045, 675

42, 89042, 31444, 04944, 53344, 94443, 707

42, 07144, 80948, 258

17, 98717, 11119, 57118, 28218, 79818, 273

15, 93518, 15217, 39919, 39917, 62717, 048

16, 66417, 05417, 98818, 58118, 98618, 148

16. 21717, 69219, 805

26, 71724, 71326, 79024, 60025, 97925, 376

24, 48427, 04126, 49229, 04327, 99328, 627

26, 22525, 26126, 05925. 95225, 95825, 560

25, 85427, 11728, 452

22, 62421, 72524, 18222, 24522, 95922, 107

19, 98022, 73721, 76824, 30322, 36021, 026

22, 26022, 41623, 20522, 95022, 47821, 653

20, 07922, 66224, 780

10, 34110, 08511, 82010, 89411, 11610, 769

9,10110, 48910, 02911, 50910, 5429,963

10, 45910, 69411, 27011, 23711, 05610, 298

8,87210, 63612, 020

12, 28211, 64012, 36211, 35111, 84211, 337

10, 87912, 24811, 73912, 79311,81811, 063

11, 80111, 72311, 93411,71311, 42211,356

11, 20712, 02612, 759

9,4518,3838,7538,1038,5258,278

8,0769,1889,020

10, 2839,8699,274

8,7868, 1548,1088,1878,1168,240

8. 5968, 6999,609

3,0302,7933,1282,9322,9002,777

2,5462,9292,8753,1442,8502,542

2,4122,4932,5792,7712,7062,728

2,7182. 6462,983

6,4215,5905,6255,1715,6255,501

5, 5306, 2596,1457,1397,0196,732

6,3745,6615,5295,4165, 4105.512

5, 8786,0536,626

12, 63011, 71713, 42612, 53413, 29313, 266

12, 36413, 26813, 10313, 85813, 39115, 375

11, 84411, 74412, 73613, 39614, 35013, 814

13, 39613, 44813, 869

4,6164,2334,6234, 4564,7824,727

4,2884,7344,4954,7464,2354,543

3,7933, 8674,1394,5735,2245,122

4,6274,4104,802

8,0147,4838,8038,0788,5128,538

8,0758,5348,6089,1119,156

10, 832

8, 0507,8778, 5968,8239,1268,692

8,7699,0389,067

Seasonally adjusted

46, 77145, 85445, 22444, 51345, 58443, 779

43, 04443, 88842, 42945, 18044, 63742, 794

44, 79245, 86643, 43145, 74845, 53344, 395

44, 48443,54846, 609

19, 41318, 99718, 97118, 35918, 72317, 715

16, 93617, 46116, 78918, 04217, 85316, 638

17, 93118, 73617, 52418, 59318, 92817, 659

17, 11717, 11018, 957

27, 35826, 85726, 25326, 15426. 86126, 063

26, 10826, 42725. 63927, 13826, 78426, 156

26, 86127, 13025, 90827, 15426, 60426, 736

27, 36726, 43727, 653

22, 96422, 77823, 06422, 83623, 74622, 329

21, 78822, 00720, 89222, 72622, 37320, 962

22, 63423, 50622, 08523, 53823, 24721, 902

21, 88921, 87323, 647

10, 72110, 71711, 16610, 97211, 39710, 576

10, 07610, 3149,694

10, 77010, 7109,745

10, 86111, 35210, 63211, 31011, 32810, 074

9,80810, 41211, 524

12, 24312, 06111, 89811, 86412, 34911, 752

11, 71211, 69311, 19711, 95611, 66311, 217

11, 77312, 15411, 45312. 22811, 91811, 828

12, 08111, 46012, 123

9,7809,2178,9988,7928,8598,537

8,4608,8078,5459,2249,0258,765

9,0048,9548,3268,8628,4488,493

8,9498,3719,139

3,4323,1013,1252,9462,8542,740

2,6372,7602, 6972,8352,7912,642

2,7042,7732,5782,7872,6692,698

2,8172,4952,793

6,3486,1165, 8735,8466,0055,797

5,8236,0475,8486,3896,2346,123

6,3006,1815,7486,0755,7795,795

6,1325,8766,346

14, 02713, 85913, 16212, 88512, 97912, 913

12, 79613, 07412, 99213, 23013, 23913, 067

13, 15413, 40613, 02013, 34813, 83814, 000

13, 64613,30413, 823

5,2605, 1794,6804,4414,4724,399

4,2234,3874, 3984,4374,3524,251

4,3664,6114,3144,4964,9314,887

4,4924,2034,640

8,7678,6808,4828,4448,5078,514

8,5738,6878,5948,7938,8878,816

8,7888,7958,7078,8518,9079, 113

9, 1549,1019,184

» Preliminary.1 Includes the new series on retail sales based on a change in the method of estimation adopted by the Bureau of the Census,

issue of the SURVEY.Source: U. S. Department of Commerce, Office of Business Economics.

See description of new series on retail store sales in September



Personal Consumption Expenditures, Seasonally Adjusted at Annual Rates: Revised Data for Page S-8 1

[Billions of dollars]

Year and quarter

1949

First quarterSecond quarter. _ _ __Third quarterFourth quarter

Year

1950

First quarter __Second quarterThird quarterFourth quarter.

Year _ __

1951

First quarterSecond quarter _Third quarterFourth quarter

Year

Total

178.7180.2180.5183.0

180.6

184.9189.3203.5199.4

194.3

210.5204.5206.4210.5

208.0

Durable goods

Total

22.423.624.525.0

23.8

26.026.734.229.7

29.2

31.326.325.525.3

27.1

Auto-mo-bilesand

parts

8.29.4

10.010.0

9.4

10.311.314.313.1

12.3

12.611.09.99.5

10.7

Fur-nitureand

house-hold

equip-ment

10.310.410.811.3

10.7

11.911.615.812.6

13.0

14.511.211.511.6

12.2

Other

3.83.83.63.7

3.7

3.73.84.04.1

3.9

4.24.14.14.3

4.2

Nondurable goods

Total

100.199.698.199.1

99.2

98.7100.8106. 2105.3

102.8

113.3111.3113.2116.2

113.5

Cloth-ingand

shoes

19.719.418.318.6

19.0

18.118.619.719.4

18.9

20.719.720.020.7

20.3

Foodandalco-holic

bever-ages

59.258.958.658.9

58.9

59.060.063.463.0

61.4

68.568.269.570.4

69.2

Gaso-lineandoil

4.44.64.74.8

4.6

4.84.95.05.0

4.9

5.35.25.25.6

5.3

Semi-dura-

blehouse-furn-

ishings

2.01.91.91.9

1.9

1.91.92.42.0

2.0

2.32.12.12.0

2.1

Tobac-co

4.34.34.34.3

4.3

4.34.44.44.6

4.4

4.64.64.74.9

4.7

Other

10.610.610.510.6

10.6

10.711.011.411.3

11.1

11.911.511.712.5

11.9

Services

Total

56.357.057.958.9

57.5

60.161.863.164.4

62.4

65.966.967.669.0

67.3

House-holdoper-ation

8.18.28. 38.6

8.3

8.89.29.39.8

9.3

10.110.110.110.6

10.3

Hous-ing

17.517.818.218.7

18.1

19.219.720.120.5

19.9

21.021.522.022.5

21.8

Per-sonal

service

3.83.83.83.8

3.8

3.83.83.93.9

3.8

4.04.14.14.1

4.1

Recre-ation

4.03.94.04.0

4.0

4.04.04.04.0

4.0

4.04.14.34.0

4.1

Trans-por-

tation

5.15.15.15.0

5.1

5.05.15.25.3

5.2

5.45.55.55.7

5.5

Other

17.818.218.518.8

18.3

19.420.020.620.9

20.3

21.221.521.622.0

21.6

1 Compiled by the U. S. Department of Commerce, Office of Biisiness Economics. Data reflect revisions occasioned by the availability of new source materials; annual data for 1949-51,howing a breakdown by type of product, appear on pp. 24 and 25 of the July 1952 SURVEY.

Review of National Income and Product in the Third Quarter(Continued from p. 6)

marked in the June quarter. The higher wage rates attainedin the third quarter gave rise to a small net increase in pay-rolls.

Payrolls in most other durable-goods industries main-tained their second-quarter position or increased slightly.

Due to the strike losses in the intervening months, it isinstructive to compare payrolls in April and September—-thebeginning and end of this unsettled 6-month period. Sucha comparison reveals an increase in payrolls of approxi-mately $2 billion at annual rates as contrasted to the declineof almost $}£ billion shown on the quarterly basis. This isindicative of the strength of the recent comeback in heavyindustry.

Nondurable-goods payrolls advance

Wages in nondurable manufacturing, which had lagged inthe past three quarters, registered an increase of approxi-mately $1 billion at annual rates in the September quarter.About half of this advance reflected the more-than-seasonalpickups in the textile and apparel industries noted earlier inthis review. Payrolls in the petroleum refining industryrecaptured their former level following the settlement of thelabor dispute in that industry. It is also significant thatnone of the major nondurable groups reported wage declines.

Almost all of the payroll increase from the preceding quar-ter in the nondurable-goods industries was attributable toa l^-percent increase in employment and a 2-percent in-crease in average hours worked per week. The increases inhourly wage rates were on the whole nominal.

The distributive industries—trade, transportation, andcommunications and public utilities-—accounted for thebulk of the payroll increases in private nonmanufacturingindustries. In the main, these were the product of moderateincreases in employment and in hourly wage rates. Theadvance in the communications industry represented a re-covery from the strike-affected level of the second quarter.

Government payrolls at an annual rate of $32}£ billionin the third quarter accounted for $K billion of the total in-crease in wages and salaries. This increase was the sameas that of the second quarter. Half of it occurred in Stateand local government payrolls, and the remainder wasdivided between Federal military and Federal civilianpayrolls.

Proprietors" and rental income stableProprietors3 and rental income in the third quarter was at

an annual rate of $52/2 billion, about $/<> billion above thesecond-quarter rate. The increase occurred primarily infarm income which reflected the advance in seasonally ad-justed cash receipts from marketings of crops and livestock.A rise in prices received by farmers, particularly for crops,accounted for approximately half of the increase in market-ings. In the important retail trade sector the decline andsubsequent recovery of new car sales caused fluctuations thatwere largely offsetting for the quarter as a whole.

Other components of income flowThe combined flow of personal interest income and divi-

dends remained substantially unaltered in the third quarter.Third-quarter dividends at $9 billion (annual rate) were thesame as in the corresponding period of 1951, and also equalto the average for the entire period since the third quarter of1951.

Transfer payments, recently a relatively stable component,registered an increase of about $K billion (annual rate) inthe third quarter as a net result of divergent changes inseveral types of veterans' payments. The newly authorizedmustering-out pay to Korean veterans and increased pensionand compensation rates were partly offset by reduced pay-ments of National Service Life Insurance dividends and Statebonuses to veterans, as well as by declines in subsistencepayments to veterans attending schools.


* BUSINESS STATISTICSJ- HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1951 Statistical Supplement to the SURVEY

OF CURRENT BUSINESS. That volume (price $1.50) contains monthly data for the years 1947 to 1950, and monthly averages for earlier yearsback to 1935 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1947. Seriesadded or revised since publication of the 1951 Supplement are indicated by an asterisk (*) and a dagger ( f ) , respectively, the accompanying foot-note indicating where historical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate indexnumbers and dollar values refer to adjustment of monthly figures for seasonal variation.

Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are pro-vided through the courtesy of the compilers, and are subject to their copyrights.

Unless other-wise stated, statistics through1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

1951

k'eborm" GooberNovem-

berDocom-

her

1952

January Febru-ary March A]iril May June July August ^b^r™"

GENERAL BUSINESS INDICATORS

NATIONAL INCOME AND PRODUCT f

Seasonally adjusted quarterly totals at annual rates:National income total bil of dol

"Wages ard salaries total doPrivate doMilitary doGovernment civilian do

Supplements to wa°'es and salaries doProprietors' and rental income totaled do

lousiness and professional cf doFarm doRental income of nersons do

Corporate profits and inventory valuation ad-justment total bil of dol

Corporate profits before tax, total doCorporate profits tax liability doCorporate profits after tax do

Inventory valuation adjustment doNet interest do

Gross national product, total doPersonal consumption expenditures total do

Durable goods doNondurable goods doServices do

Gross private domestic investment doNew construction doProducers' durable equipment doChange in business inventories do

Net foreign investment doGovernment purchases of goods and services,

total bil of dolFederal (less Government sales) do

National security $ doState and local do

Personal income total doLess' Personal tax and nontax payments doEquals' Disposable personal income doPersonal savin g§ do

PERSONAL INCOME, BY SOURCEf

Seasonally adjusted, at annual rates:Total personal income bil of dol

Wage and salary disbursements, total doCommodity-producing industries doDistributive industries _ __ doService industries doGovernment - _ _ _ _ _ _ _ _ d o

Wai'e and salary receipts, total do _Other labor income doProprietors' and rental income. doPersonal interest income and dividends.. doTransfer payments doLess personal contributions for social insurance O

bil. of dol. _

Total nonagricultural income . __.do ___

NEW PLANT AND EQUIPMENTEXPENDITURES*

All industries, quarterly total mil. of doL_Manufacturing doMinin0" doRailroads doTransportation, other than rail doPublic utilities doCommercial and other. . _ do

280 2181 0172 1142 0

9.121.08 9

50 826 015 89 1

41 938.621 816.93 26.5

330.9206 425.5

113. 267.650 222 424.98 91.1

67.345 541 621 7

256 129 0

227 120.7

257.3172.175.746.320.429.7

168.84.2

50.921.012.4

3.3

236.4

6,7152,841

236354372

1,0421,870

261.7174.075.946.520.730.9

170.54.3

53.420.812.7

3.5

239.1

_

260.9174.875.846.520.831.7

171.34.2

52.520.512.4

3.5

239.5

285 6183 4174 3143. 8

9.620.9

9 153 126 617. 09 4

42 539. 522 217.33 06.6

337.1210. 525.3

116. 269. 052 922.424.75.82.6

71.248 944 322 3

262.030 4

231. 521.1

263. 4176.077.546.720.831.0

172.64.3

53.321.112.1

3.4

240.7

7.4213, 335

244432344

1,1171,949

263.4176. 777.347.120.831.5

173.14.3

53.420.112.8

3.9

241.7

263.5178.078.247.120.931.8

174.54.3

52.120.512.4

3.8

243. 4

288 0186 5177 4145 810.02) 79 0

52 127 315 49 4

42 742.724 718.1— 16.7

r339 7213 225.2

118 070. 050 023 725.7

6r 2 2

74 451 246 423 2

263 032 5

230 517.3

261.9177.377.747.020.831.8

173.94.3

50.721.012.4

3.8

242.7

6, 2282,742

208362361847

1,708

262.5176.776.947.021.031.8

173.44.4

51.221.512.3

3.6

242. 9

"""//:-

264.5177.976.747.721.332.2

174.64.4

51.721.512.6

3.6

244.9

286 9186 9177 8145.6

9 251 927 614 89 ^

41 239 522 916 61 76.9

r 342 6214 926.4

117 870.849 323 625 7

1r 4

78 054 950 323 0

264 432 9

231 516.5

266 7179.3

77.248.521.332.3

175. 84.5

52.821.412.5

3.8

245.9

6,9513, 302

220381378957

1,713

263.9177.474.049.321.532.6

173. 94.5

52.221.312.4

3.9

243.4

r 269 6r 182. 5'78.7'49.4

21.5r32.9' 179. 0

4.551.821.4

r 13. 1

3.7

«• 249. 4

190 3181 0148 3

9 359 527 515 29 8

o7. 1

343 4215 0

24 2118 971.951 723 025 03 7

— 1 2

77 954 849 623 1

268 933 6

235 320.3

273 3184.380.749. 121.732.8

180.84 5

53.521.413.3

3.7

252.3

i 7, 125i 3 381

i 211i 3311 373

1 1 104i 1, 726

r Revised. J Estimates for July-September based on anticipated capital expenditures of business.tRevised series. Quarterly estimates of national income and product and quarterly and monthly estimates of personal income have been revised beginning 1949; see pp. 29-31 of the July

1952 SURVEY for the data. Încludes inventory valuation adjustment. 9 Government sales are not deducted. § Personal saving is excess of disposable income over personal consump -tion expenditures shown as a component of gross national product above. OData through 1951 represent employee contributions only; thereafter, personal contributions of self-employedpersons are also included. ^Revised beginning 1939. For revised annual data for 1939-51 and for quarterly data beginning 1947, see pp. 20 and 21 of the August 1952 SURVEY.

S-l


S-2 SURVEY OF CURRENT BUSINESS November 1952

Unless otherwise stated, statistics through1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

1951

Septem- October Novem- Decem-ber ber

1952

January Febru-ary March April May June July August Septem-

ber

GENERAL BUSINESS INDICATORS—Continued

FARM INCOME AND MARKETINGS*

Cash receipts from farming, including Governmentpayments, total mil. of dol .

Farm marketings and CCC loans, total doCrops doLivestock and products, total do

Dairy products doMeat animals _ do _Poultry and eggs do

Indexes of cash receipts from marketings and CCCloans, unadjusted:

All commodities 1935-39—100--Crops doLivestock and products do

Indexes of volume of farm marketings, unadjusted:All commodities 1935-39=100--

Crops - --- -do _ -Livestock and products do

INDUSTRIAL PRODUCTION

Federal Reserve Index

Unadjusted, combined index 1935-39=100--

Manufactures - - --do

Durable manufactures doIron and steel doLumber and products do

Furniture doLumber do

Machinery - - - do - -Nonferrous metals and products do

Fabricating doSmelting and refining do

Stone clay and ""lass products doCement doCl'-iy products do

Transportation equipment doAutomobiles (incl parts) do

Nondurable manufactures doAlcoholic beverages doChemical products do

Industrical chemicals doLeather and products do

Shoes doManufactured food products do

Dairv products doIMeat packing doProcessed fruits and vegetables do

Piper and products doPaper and pulp do

Petroleum and coal products doCoke do -Gasoline - do

Printinor and publishing doRubber products _ - doTextiles ard products do

Cotton consumption doRayon deliveries doWool textiles do

Tobacco products do

[Minerals - - doFuels - do

Anthracite doBituminous coal doCrude petroleum do

Metals - - do

Adiusted combined indexed do

Durable manufactures doLumber and products - do

Lumber doNonferrous metals do

Smelting and refining doStone, clay, and glass products do

Cement doClay products doGlass containers - do

Nondurable manufactures doAlcoholic beverages doChemical products do

T . th t doManufactured food products do

Dairy products doMeat packing doProcessed fruits and vegetables do

3,3483,3401 5731,767

3481,067

338

504556465

181211159

223

232

273258158167153336197190214

237254180

311226

19919330356010083

111192169149297

196191266185214180245163142334114188

17117279

137195166

218

228

271146135196214228219173246

19218430110084

167143168152

4,2164,2062 1522,054

3421,344

355

635760541

216265179

222

230

276261158171151340201190230

230252182228311223

193197303556918098

177128156210

196191269185212181239154140293114191

176179104147199163

218

226

274149138201230219217

222

188178298

9180

163140157163

3,7123, 6951 8851,810

3251,082

394

557666476

185206170

220

229

277261155172146347209198236

217237179206313216

191178304563

918197

16498

188111

191187276185214183245157144289120198

16917899

152196115

219

228

277157149209235212219

204

1881882998978

160137168121

3,0122,9941 4331, 561

325873354

452506411

157160154

217

227

280263141178122358207196235

212220177201320221

185154302563887994

15895

19596

183181281185215178250152136283118137

15917086

13519389

218

228

282154141207235219242172216

1851762988879

160136163123

2, 6422,6191 1111, 508

330924243

395393397

145137151

217

227

280261142175125359216206243

205188169219318218

18414530256210086

11015186

19383

187185281188211170248157144296116176

16217591

14719488

221

231

282159150216243217233182223

18917430010086

162137162128

2,0432,010

6381,372

330809227

303226361

11582

140

218

229

281261148176133360217204249

208196168232322219

18615230056210996

11814997

17584

194190281188212175243160150294122167

162174

7713519991

222

232

284162154217249224

177239

1901 1711 297

10790

165138182133

2,1222,079

6281,451

369817254

314222382

11976

151

217

228

283263149175135359218204252

212200167239327222

18415529856310886

12214811616582

192188278204210180242152141288112164

15817068

12219990

221

231

285158

; 149! 218

252| 222

244175

! 239

18817029410886

166142179

1 150

2,1002, 053

5711,482

389812262

310202390

11664

155

215

224

277245152170143354218203257

216226168242329227

18015529555910284

11414915215289

186181261166205180235144130280108174

16517174

119201130

216

225

277152143218257220238173242

18315729210284

I 163146165146

2,1762,142

5731,569

433825272

323202413

12368

164

211

224

278246145168133353216199260

224241167260338231

18015829155810590

11515419714796

182175209165157174242151135287117178

14314073

107159159

211

224

277142128216259217230168243

18115029210590

160148146147

2,3812,361

8511,510

427769271

356301398

139108162

205

215

249r 140

155169148352210195246

' 225237

r 169266

'339' 229

18717629656310290

111165217147

' 124

182177251

72216175

'246154133312112197

14916174

10219374

204

214

'247146134210247222222

' 170269

18615229810392

166147148

'161

2,7112,6971 2351,462

410759269

407436385

154165145

'194

'203

' 231' 139

150164143

'332'200' 184

241

216236160255

' 285'160

181186

'295564907798

174215137182

159153

'25967

225145

' 226147111343103179

r 144

1555791

190'81

193

202

'230141128

'201242214215158266

1791622989181

'162145147140

2,882 3 6122,874 i 3! 6011 377 1 918l! 497 i] 683

394 : 370812 ; 984278 316

434 ' 543487 ! 677394 i 443

161 i 196182 [ 237145 \ 165

218 P230

228 v 239

' 268 P 287' 241 ! P 266' 159 P 164' 174 P 180

152 P 156' 337 P 352' 213 P 221' 197 P 210

251 P 248

r 232 P 233261 i 263

' 170 i P 169

' 298 1 P 336' 173 ! P 226

'195 P 200159 159

' 300 P 310' 569 i P 581

11695

129 ' ...185 | P 189214 173138 i 154

' 234 | P 257

188 192' 180 181r 279 P 281

169 177' 231 P 233

157 166T 243 P 254r 170 P 174

143 ! 145' 370 378

123 j

193 198

' 161 P 179' 161 ! P 178

61 : 88102 144

'194 P 201r 164 P 179

' 214 ' P 225

' 224 \ P 235

' 266 ' P 285' 148 : P 152

135 P 138' 213 P 221

251 P 248' 222 . P 224

231 , 227' 164 ; P 163

261 ! 261

' 191 ! P 194151 i 155

'303 i P308116

97 !

163 ! P 166148 148158 170

' 123 P 132

J Revision's for January \^5C&uly 1951 based on final data will be shown later. Revisions for 1910-49, incorporating changes in methods of estimation and adjustments in production, disposi-tion, and prices, areshown on p. 23of the Decemberl951 SURVEY. . . , , . * . , •

^Seasonal factors for a number of industries were fixed at 100 during 1939-42; data for these industries are shown only in the unadjusted series.


November 1952 SURVEY OF CURRENT BUSINESS S-3


1951

Septem-ber October Novem-

berDecem-

ber

1952


ber


INDUSTRIAL PRODUCTION— Continued

Federal Reserve Index— Continued

Adjustedcf— ContinuedManufactures— Continued

isi ondurable manufactures — ContinuedPaper and products 1935-39 = 100_ _

Paper and pulp. doPrinting and publishing doTobacco products do -

Minerals doMetals do

BUSINESS SALES AND INVENTORIES^

Business sales (adjusted), total mil. of doLManufacturing, total do

Durable-goods industries _ . doNondurable-goods industries _ _ _ _ . do -.

Wholesale trade, total doDurable-goods establishments _. do _- .Nondurable-goods establishments- do _.

Retail trade, total doDurable-goods stores _ _ _ do -Nondurable-goods stores _ _ _ do._-

Business inventories, book value, end of month(adjusted), total mil. of doL.

Manufacturing, total do _ _Durable-goods industries ._ . . do..-.Nondurable-goods industries do

Wholesale trade, total . do _.Durable-goods establishments _- _ doNondu rable-goods establishments do

Retail trade, total _ _ do _ _Durable-goods stores _ _ _ do --Nondurable-goods stores do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERSf

Sales:Value (unadjusted), total mil. of dol

Durable-goods industries do --Nondurable-goods industries do

Value (adjusted), total do _ .Durable-goods industries, total do

Primary metals - - . _ _ _ _ _ _ do . _ _Fabricated metal products doElectrical machinery and equipment- --doMachinery, except electrical - - do .._Motor vehicles and equipment doTransportation equipment, n. e. s doFurniture and fixtures _ _ . do -_Lumber products, except furniture - _ do _.Stone, clay, and glass products doProfessional and scientific instruments. -doOther industries, including ordnance, do

Nondurable-goods industries, total doFood and kindred products doBeverages doTobacco manufactures _ _ _ do ._Textile-mill products doApparel and related products __ do _.Leather and leather products doPaper and allied products __ do.__Printing and publishing doChemicals and allied products- do ._Petroleum and coal products doRubber products do

Inventories, end of month:Book value (unadjusted), total do

Durable-goods industries do ._ .Nondurable-goods industries do

By stages of fabrication:Purchased materials doGoods in process doFinished goods do

Book value (adjusted), total doDurable-goods industries, total do

Primary metals _ doFabricated metal products doElectrical machinery and equipment. --doMachinery, except electrical doMotor vehicles and equipment do -Transportation equipment, n e s doFurniture and fixtures doLumber products, except furniture do _ _ _Stone, clay, and glass products doProfessional and scientific instruments -doOther industries, including ordnance- --do

197192179177

167137

42, 42920, 8929,694

11, 1978,5452,6975,848

12, 9924,3988,594

73, 66242, 06721, 54220, 52510,4825,2785,204

21,1139,920

11,193

21, 76810, 02911, 739

20, 8929,6941,9121,0441,0261,6581,425

522303562497212532

11,1973,027

509264

1,067819245689706

1,4411,994

437

41, 48021,39520, 085

42, 06721, 5422,6382,3322,7144,8892,5211,712

6031,007

844722

1,560

196191177185

174144

45, 18022, 72610, 77011, 9569,2242,8356, 389

13, 2304, 4378,793

73, 67742, 43721, 96820, 46910, 4455,2485,197

20, 7959, 806

10, 789

24, 30311, 50912, 793

22, 72610, 7702, 0531 2311,0381,9471,532

573334658536239629

11, 9563,252

499334

1,151948251717738

1,5202,101

447

41, 89421, 73020, 163

42, 43721, 9682,7092,3792, 7615 0022,6151,780

5841,022

834735

1,546

191187175194

170122

44, 63722, 37310, 71011, 6639,0252,7916,234

13, 2394,3528, 887

73, 88342 69222, 33720 35510, 3735,1825,191

20, 8189,797

11,021

22, 36010, 54211,818

22, 37310, 7102,0651 2021, 0471,9971,534

614345593515237561

11,6633,197

484287

1,082976212679718

1,4902, 097

440

42, 31622, 05120, 265

42, 69222, 3372,7182 3722,7995 1312,7301 897

5731,018

819749

1,532

184182174147

163122

42, 79420, 962

9,74511,2178,7652,6426,123

13, 0674,2518,816

74, 05943, 03922, 88420 15610, 266

5,1075,159

20, 7549, 726

11, 028

21, 0269, 963

11, 063

20, 9629, 7451,8891,070

9991, 8631,295

615276537425245531

11,2173, 116

504281

1, 122950

621668

1,4191,937

362

43, 05622, 65020, 406

43..03922 8842,8142 4142,9275 2922,7331 950

5491, 069

827757

1,551

187185175176

167125

44, 79222, 63410, 86111, 7739,0042, 7046, 300

13 1544,3668,788

73, 99643, 07723, 11019, 96710, 2385,1275,111

20, 6819,775

10, 906

22, 20010, 45911, 801

22, 63410, 8611, 9641 2401, 0642,0501,647

645264614496284592

11,7733,101

499318

1, 143997252714760

1, 5231,938

468

43, 37322, 99220, 381

43, 07723 110

2, 8662 3582, 8995 3852,7472 039

5091,004

857750

1,509

193189177175

107128

45, 80623 50611,35212, 1548 9542,7736, 181

13 4064,6118,795

73, 82943 16823, 31319 85510, 036

5,0115, 025

20, 0259,789

10, 836

22,41610, 69411, 723

23, 50611,3522,0181 2051, 1032,1301,045

733300078549280701

12. 1543,382

475312

1, 1481,045

270094733

1, 0002,047

442

43, 59423, 37920, 215

43, 10823 313

2, 8932 4093,0425 4282, 0832 082

5011, 004

866757

1,528

192188177174

164125

43, 43122 08510, 63211,4538,3262,5785,748

13 0204,3148,707

73. 62043', 23723, 40119 83610, 062

5, 0555,007

20, 3219, 583

10, 738

23, 20511, 27011, 934

22, 08510 6321,9731 1261,0591,9701,599

677313576484257597

11 4533, 126

530292

1 093958231651702

1,5151 949

406

43, 73223, 64720, 084

43 23723 4012 8822 4383,0745 4652 6702 124

5491,058

903735

1,504

185181175184

166141

45, 74823 53811,31012, 2288,8622,7876, 075

13 3484,4968,851

73, 87643, 40223, 59619 8059,9975, 0544,943

20, 4779, 624

10, 853

22, 95011, 23711, 713

23, 53811,3101,9941 2501,0302 0791, 736

746318687472303684

12, 2283,280

564318

1,2441, 130

261633760

1,5732 028

437

43, 61423,81319. 801

43 40223 5962 8862 4453,1195 5392 6692 170

5601,041

922748

1,498

182175170178

140143

45, 53323 24711, 32811,9188 4482 6695, 779

13 8384 9318,907

73, 07443 14423 59519 5509,861

' 4, 9554,906

20 0699,112

10 957

22 47811 05611,422

23, 24711 3281 9341 1971,0692 0331,812

817336642509297684

11,9183,312

568311

1 1481,121

274030720

1, 5001 840

424

43, 40723, 92419, 483

43 14423 5952 9092 4323,1335 5252 6742 177

5001,040

926748

1,400

181176176189

14765

44, 39521 , 90210, 07411,8288 4932,6985, 795

14 0004,8879,113

72, 91342 89223, 34819 5449, 8964, 8585,038

20,1259,030

11, 095

21, 65310, 29811,356

21,90210, 0741, 0051 0851,1541,9641,815

736350597483265619

11,8283,171

638310

1,1161,124

290625684

1,4951,945

430

42, 97223, 51819, 454

42, 89223 3482,9452,3443,1075 4612, 5622 202

5561,030

937762

1,444

160154157172

142' 65

' 44, 48621, 8899,808

12, 0818 9492,8176,132

' 13, 648' 4, 494

9,154

72, 76542 74822, 96219 7869,8904,8645,026

20, 1278, 749

11 378

20 0798 872

11, 207

21, 8899 8081, 1441 1841, 1061,9421, 167

790377621497302678

12,0813, 267

609325

1, 1621,171

267050704

1, 5001, 950

408

42, 66023, 05019, 610

42, 74822 902

2, 9282 2353, 0025 3142, 5172 248

5551,005

922757

1, 420

188* 180

105186

' 156' 131

' 43, 587' 21, 873' 10,412r 11, 460' 8, 371

2,495' 5, 876

' 13, 343T 4, 200' 9, 142

' 72, 714' 43, 107' 23, 200' 19 908' 9 862

4, 934' 4, 92819 7458, 626

11 119

' 22 662' 10 630' 12, 020

' 21, 873' 10 412

1,9051 0531, 1081,8331,309'811'389'000

522'201r5G3

r 11, 400' 3, 012

r 573310

' 1, 058' 905' 282' 067

607' 1, 473' 2, 003

452

' 42, 707' 23, 116' 19, 591

' 43, 107' 23 200

2,9712 3093, 0375 2802 6412 291

532' 1,010

'904'770

r 1, 456

192181165187

v 174v 150

46, 58923, 64711, 52412, 1239, 1392, 7936, 346

13, 8034, 6349,168

73, 37743, 15123, 18619,9649,9274, 9574,970

20, 2998,982

11,317

24, 78012, 02012, 759

23, 64711,5242,0581,1411,2521,9861,837

848418618540244583

12, 1233, 238

540320

1, 1261, 072

280700677

1,5892,128

42, 59223, 04119, 551

43, 15123, 1862,9932, 3423, 0415 2562, 6382 263

5391, 016

891762

1,445

r Revised. * Preliminary. d" See note marked "cf" on p. S-2.§ The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted

data for manufacturing are shown on this page; those for retail and wholesale trade, on pp. S-8, S-9, and S-10.tRevised series. All components of business sales, inventories, and orders have been revised since publication of the 1951 STATISTICAL SUPPLEMENT. The latest revision (affecting data

back to 1949) and appropriate explanations of changes for all series except retail sales appear in the October 1952 SURVEY (see pp. 12 ff.) and in the November 1952 issue (see pp. 18 ff.); the newestimates of retail sales (which begin with data for 1951), together with the revised old series for 1951, were first shown in the September 1952 SURVEY, pp. 17 ff. Data through 1948 for manu-facturers' sales and inventories and wholesale sales and inventories, comparable with current figures, appear in the October 1951 SURVEY (see pp. 17-19 and 23, 24).




1951


berDecem-

ber

1952

January Febru-ary March April May June 1 July

iAugust Septem-

ber


MANUFACTURERS' SALES, INVENTORIES,AND ORDER Sf— Continued

Inventories, end of month — ContinuedBook value (adjusted)— Continued

Nondurable-goods industries, total-.mil. of dol_.Food and kindred products doBeverages - - - _ _ d o _ _Tobacco manufactures doTextile-mill products _ _ d o ..Apparel and related products _ _ do _Leather and leather products . _..doPaper and allied products ..-- - _ _ d o -Printing and publishing _ doChemicals and allied products doPetroleum and coal products doRubber products do

New orders net (adjusted) totalO doDurable-goods industries totil do

Primary metals - _ doFabricated metal products doElectrical machinery and equipment doMachinerv, except electrical doTransportation equipment, including motor

vehicles and parts mil of dolOther industries, including ordnance do

Nondurable-°"oods industries total doIndustries with unfilled orders 9 do _Industries without unfilled orders^ do

Unfilled orders (unadjusted), totalO - ... --do _ _ -Durable-goods industries, total do

Primarv metals doFabricated metal products doElectrical machinery and equipment doMachinerv except electrical _do _Transportation equipment, including motor

vehicles and parts mil. of dolOther industries including ordnance do

Nondurable-goods industries total 9 - do __

20, 5253,6411. 2501, 6603.4091.882

705925764

2, 9712, 620

698

21, 13310 2661;9171,1751, 1291, 783

2 3751.887

10, 8672.3778, 490

64, 64060, 6668. 1345, 8808, 436

11, 908

20, 0556 2543,974

20, 4693, 6681.2321,6913, 3361,808

677930759

2, 9932. 630

744

24 29712 5672, 5251,2311,3132, 139

2 9042, 456

11,7302, 6319, 099

65, 35261. 665

8, 5395 8108, 593

11,946

20. 6126 1643, 688

20. 3553. 5721,2471, 7493,1921, 828

643943780

3, 0022. 618

782

23. 40611,820

1, 7641, 2891. 3462,146

3 Oil2, 263

11,5862, 6148, 972

65,71762, 0768, 2025, 7668, 668

11.916

21, 5775 9473, 641

20, 1563,4791, 2331.7613,0451,816

613986795

2, 9842, 600

843

22, 17410 9371,7371. 1761, 2742, 092

2 5362. 123

11, 2372, 6688, 568

65, 79562,4108,0745 7398, 954

12,018

21, 8465 7803, 385

19, 9673.4561,229

2, 9911,779

615995786

2,9792,574

840

22, 69511 1152, 0131, 1751, 1951,966

2,4212, 346

11,5792, 6758, 904

66, 82363, 5068 1255, 9349, 038

12, 165

22, 1926 0523,317

19, 8553,5491,2871,6942,8741, 694

5811,027

7792, 9662, 556

848

23, 49311,3921,9471, 0581, 5501, 984

2, 4882, 364

12, 1012, 7929, 310

67, 08863. 797

7, 9835,8199, 227

12, 171

22,4146 1323, 292

19, 8363,5561,3171, 6852,7721, 650

5871, 032

7722, 9982,602

865

23, 07511, 8411,749

9841, 9551, 708

3, 3302, 1 16

11,2342, 4578,777

68, 99265, 8877, 8005,781

10, 59611,941

23, 6446, 1253,105

19, 8053,5221,3131, 6932, 7791, 590

5821, 059

7782, 9862, 628

877

24, 56912, 7612, 2581. 2621 2891,934

3, 4472, 517

11, 8082,4779, 330

69, 97867, 1148,0425, 997

10, 73511,719

24, 3946, 2282,864

19, 5503,4861,3211,7042,7351, 543

5751, 039

7512,9732,544

878

23, 28411,4921, 8831, 2751, 1561,713

3,0092, 456

11, 7922, 6459, 146

69, 23066, 3097,8385, 974

10, 75411,303

24, 3446,0972,922

19, 5443,4731 2961, 6932,7341,537

5581,028

7413,0112,607

864

24, 34112, 4371,2851,2781, 3551,908

4 0192,592

11,9042. 7919, 113

72, 54169, 3408,1046,088

1 1, 30211,097

26, 4786, 271

! 3, 201

19, 7863,4851. 2891,7242, 7641, 685

5541,007

7152,9952, 683

864

23, 80711,512

1,4931, 2521, 1741,916

3 0692, 609

12, 2952, 9969,298

75, 07671, 795

8, 6516 196

11,49711, 279

27, 5636 6093,280

' 19, 908* 3, 489* I , 259

1,720' 2, 798r 1, 770

r 543'972r 722

3, 022' 2, 728

884

21, 5009. 6461.4971,1421, 0661, 515

2 3082.118

11,8543, 067

i 8, 787

74, 93471,595

8,3106 226

11.4191 11.115

' 27 9126 613

i 3. 338

19, 9643,4441,2691,7292, 8351,738

550976731

2. 9872,821

24, 20!-11. 99£2 23£

! 1, 40f1, 24S

1 1.91E

3 0^42,172

12, 21C2,8719, 339

75. 098I 71,683

8 16'>6 434

1 l l , 4 4 f ;10 951

28 3 '">'-)6 3633,416

BUSINESS POPULATION

OPERATING BUSINESSES AND BUSINESSTURN-OVER

Operating businesses end of quarter total thousContract construction doManufacturing doService industries doRetail trade do\Vholesale trade doAll other do

Nêw businesses quarterly total doContract construction doManufacturing doService industries doRetail trade doWholesale trade doAll other do

Discontinued businesses, quarterly total doContract construction doIVIanufacturing doService industries doRetail trade doA\7holesale trade doAll other do

Business transfers quarterlv total § do

BUSINESS INCORPORATION Stf

New incorporations (48 States) number. -

INDUSTRIAL AND COMMERCIALFAILURES^1

Failures total numberCommercial service doConstruction - do _Manufacturing and mining doRetail trade . do _.Wholesale trade - do

Liabilities total thous of dolCommercial service doConstruction doManufacturing and mining doRetail trade doWholesale trade - _ clo _

4 012 1379 0305 3858 0

1 668 4207 7593 7

91 414 99 2

16 533 7

13 4

95 713 311 816 839 03 5

11 2

102 4

5,950

6203984

15027770

26, 643782

4,66814, 9084,8261,459

6,812

6435785

150304

47

29, 7422,0441,937

12, 2196,7076,835

6,289

5874868

10630758

17, 567952

3,7406,1584,3692,348

4 014 0380. 3304.3859. 6

1, 664. 0208 4597. 5

82. 412 88 8

15 329 13 9

12 5

80.611 69 9

13 733 63 18 8

83 7

0,913

6124871

13129666

19, 4031,8742, 2516,5155,1773,586

8,357

671- 50

6814334862

26, 2084,2492,6728,3657,7613,161

7,138

6195270

13330460

19, 4741,6491,9355,6146, 5483, 728

r 4, 035. 9r 390. 6'• 305. 1>• 863. 2

»• 1, 663. 9r 210. 0«• 603. 2

122.824.212.921.241.65.3

17.6

MOO. 8«• 13.9r 12. Ir 17. 6Ml. 6

T 3 7r 11.9

130.2

7,902

7155572

14837169

29, 2324,5632,485

13, 0466,9052, 233

8,284

7805893

17137583

29, 5301,7443,853

12, 6337,0504,250

7,915

6386075

11133359

21, 1931,2192,646

10, 2175,2641.847

7,819

6715278

12834073

21, 2221,9712,9906,9717,0242,266

7,549

5804148

13329959

22, 7891,4663,1968,8825,4343,811

r 1, 188

5945158

10931660

16, 3221,8091.8165,0565,2552,386

7,529

5393650

107288

58

20, 138947

2,7296,7805,3174,365

r Revised. f Preliminary. f Revised series. See corresponding note on p. S-3.O Adjusted data for new orders replace the unadjusted scries formerly shown; for data beginning 1948, including those for unadjusted unfilled orders, see pp. 17 and 18 of this issue of the

SURVEY.9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.^For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.§Revisions for 1944—1st quarter 1951 appear in corresponding note in June 1952 STRVEY cf Data are from Dun & Bradstreet, Inc.




1951


berDecem-

ber

1952


ber

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

Prices received, all farm products § 1910-14=100-.Crops do

Food grains. _ . _ _ _ _ _ _ _ _do _ _ .Feed grains and hay doTobacco _ _ . - _ __ _ . _ __ _ _ d o __Cotton doFruit . _ . doTruck crops doOil-bearing crops _ do

Livestock and products ._ do - _Meat animals doDairy products _ _ do ...Poultry and eggs do

Prices paid:All commodities 1910-14 = 100- _

Commodities used in living _ do _Commodities used in production . _ _ .do_ __

All commodities, interest, taxes, and wage rates1910-14=100.-

Parityratio9 _ _ _ . . _ _- .do

RETAIL PRICES

All commodities (U. S. Department of Commerceindex) 1935-39=100

Coal (U. S. Department of Labor indexes) :fAnthracite chestnut 1935-39=100Bituminous all sizes do

Consumers' price index (U. S. Dept. of Labor):All items _ „ 1935-39=100

AppareL - _ __ _ .. do ._ .Food - _ do

Cereals and bakery products. .-do _ .Dairy products doFruits arid vegetables - - _ ... _ do _ _ .Meats, poultry, and fish do

Fuel, electricity, and refrigeration. do_ _.Gas and electricity doOther fuels _ _ _ _ _ _ do

Housefurnishings doRent - do _Miscellaneous do

WHOLESALE PRICESc?

U. S. Department of Labor indexes (revised) :fAll commodities _ . 1947-49 =100..

Farm products _ . _ _doFruits and vegetables, fresh and dried . _ _ doGrains _ _ - _ _ _ _ - -do .__Livestock and live poultry do

Foods, processed _ _ _ . _doCereal and bakery products doDairy products and ice cream. . .-doFruits and vegetables, canned and frozen

1947-49=100..Meats, poultry, and fish do_ _

Commodities other than farm products andfoods » . 1947-49 = 100 .

Chemicals and allied products doChemicals, industrial doDrugs, Pharmaceuticals, cosmetics doFats and oils, inedible . ..doFertilizer materials doPaint and paint materials. __ __ do _ . _

Fuel, power, and lighting materials doCoal . doElectricity doGas doPetroleum and products . -do

Furniture and other household durables1947-49 = 100..

Appliances, household. do.. _Furniture, household ... -do __Radios, television, arid phonographs, .do

Hides, skins, and leather products doFootwear - ._ . doHides and skins doLeather ._ _ _ . . ..do. __

Lumber and wood products doLumber do

Machinery and motive products ._ -do _._Agricultural machinery and equip doConstruction machinery and equip — doElectrical mach inery and equipment . - doMotor vehicles do

291239233216423283201161288337411283247

271268275

282

103

207.4

212. 3204. 7

186.6209.0227.3189.4206.4205.1275. 6144.497.3

204.9211.1137. 5166.0

113.4

109.992.896.6

116.2

110.9106.4106.1

104.7118.3

114.8108.7120.795.673.0

107.2108.0

106.7108.498.098.4

110.9

113.1108.0115.592.9

118.0121.9111.5120.4

121.6120.9

119.4120.1123.7122. 1114. 1

296247239219445304188171296340410294247

272268277

283

105

209.0

187.4208.9229. 2189.4207.9210.8276.6144.697.4

205.8210.4138. 2166.6

113.7

111.596.1

101.1114.5

111.6106.8108.5

105.6119.5

114.6108.8120.995.671.8

107.5108.7

106.8108.798.099.2

110.9

112. 8107.9115.493.0

113.6119.4109.5110.1

121.7121.1

120. 2120.2123. 6121.8110.0

301267249224424345172249307332387305249

274271277

284

106

210.3

188.6207.6231. 4190.2210.4223. 5273. 5144.897.4

206.3210.8138.9168.4

113.6

112.0106. 9103.9108.5

111.0107.8111.1

106. 1115.8

114. 5108.6120.995.065.2

108.1109.8

106. 9108. 898.099.2

110. 9

112.7107.9115.593.0

107.0118.087.6

100. 3

121.1120.8

120.5120.2123.8122. 1116.3

305280253233440339177331309328379314233

273272275

284

107

210. 8

215. 2207. 3

189.1206. 8232. 2190.4213.2236.5270.1144.997.5

206.6210.2139.2169.1

113.5

111.3117.4105. 1107. 5

110.7107.9113.0

106.2113.6

114.6108.4120.895.261.5

108.9109.9

107.4108.998.0

106.6110.8

112.7108.2115. 193.0

105.1116.581.798.7

120. 3120.4

120. 7120. 2124. 0121.8116.5

300277251234431325171337303320376316200

275271278

287

105

210.9

215. 2207.3

189.1204. 6232. 4190.6215. 8241.4272.1145. 097.6206.8209. 1139.7169.6

113.0

110.0121. 5103. 6106.7

110.1107.5113.2

105.7113.5

114.3106.7118.194.856.8109.4109. 3

107.4108.898.0106.6110.8

112.3108.0113.693.1

102.2115.969.797.0

120.1120.4

120.8121.5

289259249230436313168217296317377317181

276271281

288

100

208.9

215. 2207.3

187.9204.3227.5190.9217.0223.5271.1145.397.9206. 7208.6140.2170.2

112.5

107.8112.6101.7106. 2

109.5107.4115. 1

104.8110.8

114.2105.9117.593.451.2109.6108.7

107.2108.898.0107.0110.4

112.4108.0113.593.1

99.5116.163.789.5

120.3120.6

122.0121.8

288265251229435309176265284310372305177

275270280

288

100

208.7

215. 2207.3

188.0203. 5227.6191.2215.7232.1267.7145.397.9206.8207.6140.5170.7

112.3

108.2123.9102.0105.2

109.2107.5113.3

104.9111.0

113.8105.4117.093.147.3109.6107.9

107.4108.799.1105.7110.6

111.9107.4113.490.7

98.0115.959.687.6

120.5120.7

121.8121.8

290272250229435313179308279306372291180

276271280

289

100

209.7

213.0207. 3

188.7202.7230.0191.1212.6247.2266.7145.398.0206.1206.2140.8171.1

111.8

108.7127.3100.9106.6

108.0107.4112.2

104.6109.4

113.3104.8116.892.742.6109. 8108.0

106.3104.999.1106.6109.5

112.1107.8113.490.7

94.1113.949.784.4

120.9121.3

121.6121.6

124.6 125.2 i 124.9 124.9

293270245227436303190285280313394281175

276271281

289

101

210.3

200.2205.0

189.0202.3230.8193. 8210.6253.8266.0144.698.2203.1205.4141.3171.4

111.6

107.9128.998.8108.9

108.6107.0110.6

104. 2112.1

113.0104.3115.192.247.2111.5107.3

106.0104.998.0104.2109.9

111.7107.3113.190.7

94.7111.158.184.5

120.7121.1

121.6121.5

292277238226437319220250289306380277181

273272273

286

102

210.6

201.0205.5

189.6202. 0231.5193.3209.8250.0270.6144.898.4203. 4204.4141.6172.5

111.2

107.2124.295.4107.2

108.5106.7110.1

103.5110.1

112.6104.3114.992.252.0109.9107.0

105.9105. 398.5102.0109.6

111.6106.8112.793.8

95.9111.059.588.9

119.9120.1

121.3121.5

125. 3 125. 4121.5 121.6 ! 121.5 120.9 120.8 120.0

295276230227436311214287307312376286208

273273273

286

103

211.8

206.6206. 8

190.8201.4234.9194.4212.3253.2270.4146.498.3208.4204.2141.9173.0

111.8

110.2128.294.9108.2

110.0106.5113.8

103.9110.6

112.5104.2114.792.149.8110.7106.9

106.0106.099.1101.4109.4

111.6106.8112.693.8

96.2110.661.889.3

120.2120.4

121.4121.5125. 4119.9

295272236233436319206229310316372295225

274273274

287

103

211.8

208.1207.9

191.1201.1235. 5194.2213.8242.3277.3147.399.0209.0204.2142.3173. 2

T 112. 2

109.9T 124. 396.9106.4

110.5106.4114.3

r 105. 1112.3

r 113.0104.0114.692.147.5110.9

r 106. 9r 105. 8106.5

r 100. 7r 100. 4108.3

r 111.5106.8

r 112.5r93. 7

96.5110.6r 64.489.3

r 120. 5T 120. 6

121. 4121.5

r 125. 3T 119.8

288264240234428329200182305309349307227

271270272

285

101

211.1

211.6208. 7

1 190. 8202. 3233. 2194.1216.7227. 6277.0

. 147. 699.0210. 1205. 0142.4173.8

111.7

106. 4115.696. 999.3

110. 5106. 5116.4

106.1110.1

113.1104.0114.392.148.9111. 0107.0

106.1107.7100.7100.4108.5

111.9106.9112 693.7

96.5110.664 189.3

120.4120.6

121.4121. 5125. 9119.8

117.1 120.0 ; 120.0 ! 119.7 • 119.7 i 119.7 i 119.7 ! 119.7 ! 119 7T Revised. i Index on old basis for September 1952 is 191.4.§ October 1952 indexes: All farm products, 282; crops, 260; food grains, 240; feed grains and hay, 219; tobacco, 429; cotton, 311; fruit, 215; truck crops, 189; oil-bearing crops, 304; livestock and

products, 301; meat animals, 328; dairy products, 316; poultry and eggs, 228.9 Ratio of prices received to prices paid (including interest, taxes, and wage rates). c?For actual wholesale prices of individual commodities, see respective commodities.fRevised series. Indexes of retail prices of coal (for residential heating) reflect use of new! • . . . . .. , . , .

to 1913 and will be shown later. Revised wholesale pric ' " " ' ' " 'tion method; for monthly data beginning January 1947,products and foods" are on p. 24 of the June 1952 issue, it snouia De noted tnat tne revised wnoiesaie price series does not replace the lormer index (1926=100) as the official index of primarymarket prices prior to January 1952.

225878°—52 4

base period and expansion of city coverage; comparable data are available for various periods back




1951


berDecem-

ber

1952


ber

COMMODITY PRICES— Continued

WHOLESALE PRICES^— Continued

U. S. Department of Labor indexes (revised) : J— Con.Commodities other than farm prod., etc. — Con.

Metals and metal products 1947-49=100.-Heating equipment doIron and steel do_ _Nonferrous metals do

Nonmetallic minerals, structural doClay products do. .Concrete products -. -doGypsum products do

Pulp, paper and allied products doPaper do

Rubber and products doTires and tubes do_ _ .

Textile products and apparel doApparel doCotton products do. _ .Silk products - - doSynthetic textiles doWool products do. .

Tobacco mfrs. and bottled beverages doBeverages, alcoholic - doCigarettes _ .. - do_.

PURCHASING POWER OF THE DOLLAR

As measured by —Wholesale prices! 1935-39 = 100.-Consumers' prices doRetail food p'rices do

122.1114.5123.1122.0113.6121.4112.4117.4

119.4121.5144.7133.9105.9104.1102.5117.992.9

129.8

107.8105.8105.7

46.153.644.0

122. 4114.6123.1124.0113.6121.4112.4117.4

118.8122.1144.7133.9103.9103.3100.8122.591.5

120.8

107.5105.8105.7

46.053.443.6

122.5114.4123.1124.1113.6121.4112.4117.7

118.4122.4144.6133.9103.9102.3102.3123.291.5

122.0

107.5105.9105.0

46.053.043.2

122. 5114.5123. 1124.2112.8121.4112.4117.7

118.4122.4144.3133.4104.0102.1103.3125.391.7

120.3

108.1105.9105.0

46.052.943.1

122.4114.0123.1124.2112.9121.4112.4117.7

118.2122.8144.1133.4103.3101.7102.8126.091.4

118.0

108.1105. 9105.0

46.352.943.0

122.6114.0123. 2125.0112.9121.4112.4117.7

118.3123. 7143.1133.4102.1101.7101.0130.289.9

114.4

110.8111.2105.0

46. 553.244.0

122.6114.0123. 2124.9112.9121.4112.4117.7

117.7123.8142. 0133.4100.6101.699.6

129.187.3

111.8

110.8111.2105.0

46.553. 243.9

122.5113.9123.0124. 8112.8121.3112.4117.7

117.4123. 5140.6133.099.9

101. 298.6

128.486.7

109.2

110.8111.2105.0

46.753.043.5

121.8113.7122.8122. 0112.9121.4112.4117.7

116.9123.5140.4133.099.3

100.897.2

128.886.8

111.7

110.8111.2105.0

46.852.943.3

!

121.1113.5122.4120.0113.8121.4112.4117.7

116.7124.2133.4130.599.0

100.395.4

129.888.6

112.8

110.8111.2105.0

47.052.743.2

121.9113.6122.3124.0113.8121.3112.4117.7

115.3123.8130.0129.698.999.596.1

134.789.2

113.9

110.8111.2105.7

46.752.442.6

' 124. 1' 113.7' 127. 2' 124. 4

113.8121.3112.4117.7

115.6124.0

' 127. 8126.3'99.1'99.1

97.6139.390.5

'113.3

110.8111.2105.7

46.652.342.5

124.5113.7127.4124.7113.8121.3112.7117.7

115.7124.0126.3126.399.599.399.1

139.390.0

112.2

110.8111.2105. 7

46.852.442.9

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION ACTIVITY?

New construction, total mil. of dol

Private, total doResidential (nonfarm) . do

New dwelling units doAdditions and alterations - do

Nonresidential building, except farm and publicutility, total mil. of dol

Industrial doCommercial do

Farm construction doPublic utility . . do

Public, total doResidential doNonresidential building _. do ...Military and naval. doHighway doConservation and development do ...Other types do

CONTRACT AWARDS

Construction contracts awarded in 37 States (F. W.Dodge Corp.):

Total projects number .Total valuation thous. of doL.

Public ownership doPrivate ownership -do .-_

Nonresidential buildings:Projects numberFloor area thous. of sq. f t_ .Valuation thous. of doL.

Residential buildings:Projects number _.Floor... thous. of sq. f t ._Valuation . thous. of doL-

Public works:Projects numberValuation thous. of doL_

Utilities:Projects numberValuation.. thous. of dol._

Value of contract awards (F. R. indexes) :fTotal, unadjusted 1947-49=100.

Residential, unadjusted doTotal adjusted do

Residential, adjusted do

Engineering construction:Contract awards (ENR) § thous of dol

Highway concrete pavement contract awards:QTotal thous. of sq. yd_.

Airports -- - d o _ _ _Roads - ..-doStreets and allevs do

' 2, 901

1,95595884993

460210101179352

"•94663

319'96303

7788

42, 4351, 082, 855

317,731765, 124

4,55836, 273

404, 462

35, 78952, 438

479, 716

1,756141, 335

33257, 342

149169147168

917, 158

4,342458

1,6812,202

' 2, 849

1,90896385891

44020595

148351

••94166

318r 103

2937883

42, 7351,051,419

306, 604744,815

4,77534,782

418, 203

36, 15252, 454

496, 247

1,457101,903

35135, 066

134156140160

1, 026, 973

2,856oy r,

8031,777

' 2, 624

1,818930832

84

42520096

126331

'80668

300' 109

1877675

36, 323931,768323, 73G608, 032

3,61827,611

327,706

31,16247, 248

443, 884

1, 233117,809

31042, 369

141141156146

1, 024, 775

3,757671

1,8141,271

' 2, 366

1, 67484076066

41520092

110303

'69266

289'881117266

28, 8321,234,339

502, 416731,923

3, 26243, 016

593, 007

24, 20437,985

346, 104

1,004138,859

302156, 369

134124166145

829, 173

i 4, 1591 413

1 2, 197i 1, 549

' 2, 174

' 1,517'719

65056

41520983

110267

'657'63

'286'91

9062

'65

31,842902, 091296, 897605, 194

3,32524, 868

357,676

27, 38037, 423

337, 721

840130,814

29775, 880

132118161142

1,196,798

3,487621

1,4971, 369

' 2, 088

' 1, 46367660t)

63

'406209' 75113263

'625'58

'275'85

9056

'61

33, 767885, 206338, 662546, 544

3,47224, 941

301, 404

29, 06945, 380

396, 438

930124, 885

29662, 479

136145156163

788, 429

3,723879988

1,856

' 2, 332

' 1,61779971077

'398'202

74123292

'715'55

'311rioo11565

'69

45, 0411, 321, 254

554, 050767, 204

4,31133, 345

463, 276

38, 86065, 422

592,717

1,429193,714

44171, 547

166183164174

1, 042, 851

5,411427

3,2891, 695

' 2, 516

1, 69084975087

38619473

136313

'826'54

'343'109

175'68'77

50, 0971, 597, 517

636, 357961, 160

4,44939, 343

562, 256

43, 44773, 847

681,614

1,814241, 740

387111, 907

196222171189

1, 180, 340

5,386238

2,9012, 248

f 2, 743

1,811922810

99

39218882

157333

'932' 54

'356'116

250' 72

84

63, 7091, 563, 660

557,8031, 005, 857

5,08837, 346

462, 863

55, 75982, 579

753,755

2, 353219, 628

509127, 414

203221168186

1, 433, 642

6,702791

3, 1281 2, 783

' 2, 945

1,925'983'865' 103

'404' 182'92171359

'1,020'54

'375rl!9

310'76

86

50, 8451, 488, 850

559, 140929,710

5,02241,725

551, 500

43, 01262, 176

581,792

2,266245, 969

545109, 589

200213172193

1, 140, 654

7,047843

3,4012,803

' 3, 027

' 1, 9941,023

905101

'41118097

180371

'1,033'53

'375'121

320'76'88

52, 0781,511,285

618, 737892, 548

5,46840, 979

562, 686

43, 465! 64, 003

608, 078

2,680243, 458

46597, 063

194199177196

2, 310, 504

6,587729

2,657i 3, 201

'3,095

' 2, 037'1,047

930'99

'41818198

183381

'1,058' 55

'373'129

335'75'91

52, 9091, 438, 725

501, 258937, 467

5,19638, 912

519, 940

44, 94365, 863

627, 596

2, 310208, 887

46082, 302

218192207193

2, 210, 572

6,0811,0702,652

i 2, 359

3,098

2,0301,049

93596

430187101168376

1,06853

369127350

7990

47, 0062, 039, 2031, 269, 355

769, 848

4,28929, 257

1, 272, 367

40, 44056, 743

518, 471

1,838176, 652

43971,713

208184206183

952, 218

5,5371,6911,0512,795

' Revised. i Data include some contracts awarded in prior months but not reported.d*For actual wholesale prices of individual commodities, see respective commodities. JSee note marked " t" on p. S-5.fRevised series. Purchasing-power data are based on revised price indexes shown on p. S-5; for revisions through 1951, see p. 24 of the June 1952 SURVEY. Indexes of contract awards

reflect use of new base period; revisions prior to 1951 will be shown later.9 Revisions for January-March 1951 (except for grand total, total public, and military aud naval, which have been further revised) are shown at bottom of p. S-4 of the June 1952

SURVEY; revisions for 1947-50 and for January-August 1951 (for the three series aforementioned) will be shown later.§Data for November 1951 and January, May, and July 1952 are for 5 weeks; other months, 4 weeks.©Data for November 1951 and January, May, and July 1952 are for 5 weeks; other months, 4 weeks.


November 1952 SUKVEY OF CTJEKENT BUSINESS 9-7


1951


berDecem-

ber

1952


ber

CONSTRUCTION AND REAL ESTATE—Continued

NEW DWELLING UNITS AND URBANBUILDING

New permanent nonfarm dwelling units started(U S Department of Labor) number

Urban building authorized (U. S. Dept. of Labor):New urban dwelling units, total- _ . number

Privately financed, total _ _ _ _ _ _ _ do-- _Units in 1-family structures ._ doUnits in 2-family structures - - . . .do _Units in multifamily structures do

Publicly financed, total .. ._ _ - . _do -_Indexes of urban building authorized:!

Number of new dwelling units 1947-49 = 100Valuation of building, total do

New residential building __ _ _ . ._ do-New nonresidential building doAdditions, alterations, and repairs do

CONSTRUCTION COST INDEXES

Department of Commerce composite t- 1947-49 =100. .Aberthaw (industrial building) ..1914=100-American Appraisal Co.:

Average, 30 cities _ _ -- .. 1913=100-Atlanta doNew York _ _ _ _ _ __ _ ._ ...do-- -San Francisco doSt Louis do

Associated General Contractors (all types) .--doE. H. Boeckh and Associates, Inc.:§

Average, 20 cities:Apartments, hotels, and office buildings:

Brick and concrete. -U. S. avg. 1926-29= 100. .Brick and steel ..do.- -Brick and wood do

Commercial and factory buildings:Brick and concrete do-Brick and steel .--doBrick and wood doFrame doSteel -_ do

Residences:Brick . . _do_Frame do

Engineering News-Record :fcTBuilding 1947-49=100--Construction do

Bu. of Public Roads— Highway construction:Composite standard mile 1925-29=100

CONSTRUCTION MATERIALS

Production of selected construction materials, index:Unadjusted - 1939 = 100Adjusted do

REAL ESTATE

Home mortgages insured or guaranteed by-Fed. Hous. Adm.: New premium paying

thous. of dol .Vet. Adm.: Principal amount do

Federal Home Loan Banks, outstanding advancesto member institutions mil of dol

New mort gage loans of all savings and loan associa-tions, estimated total thous of dol

By purpose of loan:Home construction doHome purchase ._ _ - do.Refinancing • doRepairs and reconditioning _ . _ do. ._A 1 1 other purposes do

New nonfarm mortgages recorded ($20,000 andunder), estimated total thous. of dol__

Nonfarm foreclosures, adjusted index 1935-39=100Fire losses thous. of doL-

96 400

51, 60750, 49140, 370

2,9957 1261,116

114 1149 9155.6153 5120.2

117.0374

536561546495532377

234.2235. 6245. 7

236. 1235. 8241. 5249 7221 0

246.1244.3

119.3120 6

164 8

163.5152. 1

131, 485271, 148

747

439, 398

139, 951200, C2536 55117, 57145, SCO

1, 308, 42111.6

53, 398

90 000

43, 18042, 18735, 580

2,4894 118

993

94 4117 8121.8110 0120.9

117.5

538562548495

• 532379

235.123b. 4246. 8

236. 8236. 5242.5251 1221. 5

247. 3245 6

119.6120 8

178.0160.6

144, 596296, 748

760

486, 999

154, 763220, 506

42 79418, 55850, 378

1, 483, 78610.8

54, 660

74 500

34, 98932, 68127, 7811, 7663 1342,308

76 596*697.6

100 384 6

117.6

538562548494532378

235.1236. 4246. 9

236. 9236. 5242.5251 1221.5

247.3245 7

120.0120.9

157.3158.7

140, 528308, 639

781

430, 482

128, 665202, 15937 92014, 78546, 953

1, 366, 07311.0

60, 064

60 800

27 80726, 78221, 2241,7003 8581 025

61 377 075 380 575 5

117.5374

539573548494533380

235. 9237.2246 9

237 7237.0242. 7250 o221 9

247. 3245 4

120. 0120 9

166 7

134. 6152 3

124, 701267 958

806

404, 033

125, 287182, 71037 32212, 89545,819

1, 308, 15111. 1

68, 206

64 900

37, 49334, 37428, 3762,3863 6123, 119

82 191*899 780 887 8

r 118.4

542581549497535380

237.0237. 9248.0

239. 2238. 0243. 8'>51 9222 6

248.5246 5

120.1121 3

139.8163. 7

159,063301, 276

665

400, 443

115, 168183, 73337 90615, 03348, 603

1, 298, 25411. 5

74, 155

77 700

45 67643, 16334, 9783, 0175 1682 513

100 9107 5126 281 497 4

M18.3

543581550497

378

236.7237. 4247 8

239 0237. 9243. 7951 5222 4

248. 3246 2

120.5121 5

140.0169. 7

125, 363242, 103

612

427, 835

131, 487185, 92043 397In] 56751, 464

1, 270, 9083 1. 6

69, 925

103 900

57, 93749, 84540, 1393, 4696 2378, 092

130 1140 7166. 1110 3115 1

'118. 6374

544582551498537378

237.2237.7248.0

239. 7238. 3244. 025 1 5222. 7

248.5246 2

120. 6122. 3

169. 1

150.8159.6

123, 807235, 651

589

514, 098

171,907213, 723

49 10418, 95960, 405

1, 393, 31711.7

72, 254

106 200

64 86756 24145, 9383 5586 7458 626

142 5152 3183 8115 6us' 6

r 119. 5

545582552499541379

238. 3238.5248 9

241 0239.3245. 1252 1223 3

249.4246 9

121.3123 0

156. 9157 8

125, 629244 042

581

549 140

182, 636238, 58749 4462li 79756, 674

1, 482, 16111.3

67, 380

109 600

61 36453, 30043, 5723 5326 1968 064

129 5147 0171 2113 5133 2

r119.7

548584554504543381

239.4239.2249 5

242 2240. 7245.8252 8226 1

250. 0247 4

122.0124 0

157.6149.0

127, 751202 758

591

586 035

197, 525251, 884

50 07624,' 45262 098

1, 511, 48811.1

62, 354

103 500

54, 79248, 56740,9163 0184 6336 225

121 8157 0161 7152 7149 4

M20.9383

550588554504544382

242. 1241.3251 9

245 3243.4247.8255 8226 4

252. 5249 8

122. 6126 0

171 8

149.9140 1

134, 248195 987

653

586, 842

191 812257, 06949 59524^ 23864 128

1, 512, 73412. 1

58, 585

104 000

51, 97450, 43241, 7542,8285 8501, 542

116 0145 6150. 9139 9138 7

r 122.1

555600554513549391

243.5242. 9252 7

246 8245.7248.8256 4229 5

253. 3250 4

124. 9128 9

r 149. 6r 140. 6

147, 208189 189

656

595 994

190 039264, 69253 01425 06563 184

1, 590, 319

61, 675

99 000

49, 17247, 75438, 7933,2885,6731,418

108.0133.1139.1127. 1123.9

r 122. 7

558602555513549393

245.3244.5253. 8

248.6247. 5249.8257 0231. 2

254. 2251 1

125. 6129. 5

P 171. 1P 151 1

147, 057202 746

687

617 431

199 720279, 192

50 85024' 62563 044

1, 597, 783

56, 462

98, 000

53, 33351,91542, 3523,0786,4851,418

123.0383

561604556514551394

246. 0245. 2254.4

249. 4248. 5250. 5257 3232 2

254. 8251 5

125.6129 9

174 9

162,487217 292

715

616 352

192 667285, 33750 45726, 09761 794

1, 587, 523

58, 949

DOMESTIC TRADEADVERTISING

Printers' Ink advertising index, adjusted:Combined index 1935-39=100

Business papers doMagazines. _ do. ..Newspapers doOutdoor. _ - ...do. . .Radio do

Tide advertising index, unadjusted^ 1947-49= 100- -Radio advertising:

Cost of facilities, total thous. of doL.Automotive, incl. accessories doDrugs and toiletries . do. ._Electric household equipment _ doFinancial.. _ . . - do. .Foods, soft drinks, confectionery doGasoline and oil doSoap, cleansers, etc.-. _ _ ..do. ..Smoking materials doAll others do

411469379304

••317239

132. 1

11, 849299

3,085153278

3, 240402

1,2751,2691,848

429476403307341257

144.5

14, 948377

3,991266307

4, 170459

1,6311,8551,893

427483347317347258

144.9

14, 377339

3,699274315

4,127445

1,5461,8411,793

435470357304352253

117. 2

14, 619464

3,751147326

4, 09G512

1,4321,7942,102

453481379293346244

115.6

14, 520407

3,993224359

3,917475

1, 5921, 7721,781

447487369304401253

127.7

13, 561276

3, 691204353

3,792447

1,4821,5901,726

438511371300362248

141.3

14, 520329

3,949204348

3,862493

1,5581, 6322,145

439514404294362247

153.2

13, 948319

3,847171356

3, 802431

1,6241,5961,801

433515388310354236

154.1

13, 970370

3,885153365

3,734424

1,6981,5641,795

436520362329372241

140.8

12, 972345

3,612251343

3,233452

1,6601,4161,659

445554403327359226

114.2

9,555196

2,655340338

2,604381

1,079700

1,263

456548369310386254

111.2

10, 937256

3,006316367

2,971434

1, 250776

1. 559

456547387318344264

141.9

r Revised. *> Preliminary. f Revised series. Indexes of urban building and construction costs (Dept. of Commerce and ENR) reflect use ofnew base period; revisions prior to February 1951 for urban building and prior to August 1951 for Engineering News-Record indexes will be published later. Revised indexes (Dept. ofCommerce composite) for 1915-38 (annual) and 1939-51 (monthly) are shown on p. 24 of the August SURVEY. The Tide advertising index (covering national advertising only) has been completelyrevised to incorporate new base period and other major changes, including addition of data for network television; figures back to 1940 will be available later.

§ See last paragraph of headnote, p. S-l. cf"Data reported at the beginning of each month are shown here for the previous month.


S-8 SURVEY OF CUBRENT BUSINESS November 1952


1951


berDecem-

ber

1952


ber

DOMESTIC TRADE—Continued

ADVERTISING— Continued

Magazine advertising:}:Cost, total thous of dol

Apparel and accessories doAutomotive, incl. accessories--. - doBuilding materials doDrugs and toiletries doFoods, soft drinks, confectionery -_.do _ .Beer, wine, liquors do

Household equipment and supplies doHousehold furnishings . . doIndustrial materials doSoaps, cleansers, etc doSmoking materials doAll other .. do

Linage, total thous. of lines

Newspaper advertising:Linage, total (52 cities) do

Classified doDisplay, total do

Automotive doFinancial doGeneral doRetail ... .. ... - do

POSTAL BUSINESS

Money orders, issued (50 cities):Domestic:

Number _ ._ - thousandsValue thous. of dol..

PERSONAL CONSUMPTIONEXPENDITURES

Seasonally adjusted quarterly totals at annual rates :JGoods and services total bil of dol

Durable goods total doAutomobiles and parts doFurniture and household equipment doOther durable goods do

Nondurable goods total doClothing and shoes doFood and alcoholic beverages doGasoline and oil doSemidurable housefurnishings doTobacco doOther nondurable goods do

Household operation doHousing doPersonal services doRecreation doTransportation do

RETAIL TRADE

All retail stores :tEstimated sales (unadjusted), totaL-.mil. of dol. .

Durable-goods stores doAutomotive group . _ _ - - -do_ -

Motor-vehicle, other automotive dealersmil. of doL-

Tire battery, accessory dealers doFurniture and appliance group - do

Furniture, homefurnishings stores doHousehold-appliance, radio stores do

Jewelry stores - . doLumber, building, hardware group do

Lumber, building-materials dealers _ . doHardware stores . do

Nondurable-goods stores doApparel group do

Men's and boys' wear stores _do . .Women's apparel, accessory stores _ _ .doFamily and other apparel stores doShoe stores _ _ ., do

Drug and proprietary stores doEating and drinking places do. .

Food group - -- doGrocery stores do

Gasoline service stations ._ doGeneral-merchandise group - do

Department stores, excl. mail-order _ _ doMail-order (catalog sales) - .. .._doVariety stores doOther general-merchandise stores do

Liquor stores do

54 2686,6814,1543,1366,0246,6172,451

3,9523,3683,2401,1851,341

12, 119

4,845

211,49951 , 465

160, 0337,8892,234

30, 318119, 592

6,333114, 593

206. 4

25.59 9

11.54 1

113 220 069 55 22 14.7

11.7

67 610 122 04 14.35 5

21 6

13, 1034,4952, 337

2,182155709428280

92848621226

8, 608887193358175162370

1,099

3,1202, 539

7761,468

816102221330246

61, 9875,6354,5872,9626,9638,9293,118

4,7134,3023,7041,6121,235

14,229

4,849

228, 67351 , 844

176,8299,8112,732

37, 983126, 303

7,168126, 545

13, 8584, 7462,363

2,190172793466327110923678245

9,111930217380190143388

1,104

3,1642, 548

7871,664

914131245374343

55 5204,2323,6351,9376,6747,8813,254

3,8393,5063,3091,3611 170

14, 722

4,129

230, 08347 7*0

182, 3049, 51 92,417

34 510135, 858

6,878121,892

13,3914,2352,037

1,880157789454334125799562236

9,156989258385210137372

1,031

3,2202,577

7841,798

993156257392247

I

46 1133, 3332, 985

8655,6986,2474,443

3,1362,0992, 891

8541, 532

12, 028

3,346

214,04142. 998

171,0436, 5592 ,526

25 044136,915

7, 271124, 214

210. 5

25.39 5

l l . f i4 3

116 220.770 45.62 04.9

12.5

69 010 622.54.14.05.7

22 0

15,3754, 5431, 961

1,778183921515405319784493291

10,8321,380

381512311176490

1,047

3,4182,736

8162, 5151,358

155486517347

31 9041,6732, 4761,2084, 5434,6921,590

7621.1762,372

7361,0889, 588

3, 466

1 78, 07746, 345

131, 7318,2083, 663

21 02098, 840

7,268130, 038

11,8443, 7931,974

1,84013463536227387

633467166

8,05069216928614097

3669.58

3, 0832,489

7261,190

65290

174274210

44, 6293,1082,8781,9196,1077,1472,290

2, 1671,5212,887

9711,209

12.424

3, 985

184. 64046, 621

138,0197, 8S92,282

25, 749102, 100

6,948124, 086

11,7443, 8672,020

1,89912161835226680

673503170

7,87761014026211791

383946

3,0262,467

7161,164

61693

191263225

60 2475,4205, 0953, 0547, 0657,8542, 851

3, 9702,7093, 7691,3561, 357

15,748

4, 855

213, 22852, 943

160.2858, 5532, 756

30, 203118, 773

8,025147, 902

213.2

25.29.6

11.34.3

118 020.671 85.92 05.2

12.5

70 010.722.94.24.15.9

22.3

12, 7364,1392,180

2,04813262937325682

742552190

8,596779165336152126379

1,002

3,2532,627

762i 1, 324

73094

214286240

59 6485,0294,9993,6836, 4697, 1 502,477

4,4013. 6443,872 11,4661, 259

15, 199

4,468

218,407 i52. 790

165,6179, 5653, 133

31,742121,177

7,255132, 616

13,3964, 5732,372

2,21915464739225590

869640229

8,823910186380180164370992

3,2482,601

7811,467

81599

244309241

60 0164 7355, 2373 2966 1666, 7422 619

5 0043,8674 0161.3761 395

15,564

4,093

225, 60656 670

168, 93610 457

2, 68433 444

122, 352

6, 719123, 981

14, 3505, 2242, 826

2,647179738456282117941697244

9,126871192352172154386

1,059

3,4192,792

8341,531

87194

240325266

51 5153,1194,9252 8427, 0517,6602,331

3,4071,7883,572

9411,566

12, 311

3,213

209, 25152. 744

156,50610. 2882,762

31, 251112, 204

6,511122, 134

214.9

26.411.310.84.3

117 820.072.36.02 05.1

12.4

70.810.923.24.24.15.8

22.5

13,8145, 1222, 757

2,582175740442298108939706233

8,692832198308178148380

1,064

3,2282, 644

8471,444

80898

224314235

35 240862

3,7021 3885,8165,6951,977

1,646579

2, 643745

1,1988,989

3,133

175, 44747, 979

127, 4687, 3513,046

25, 67491, 398

6, 242119, 289

13, 9364,6272,374

2,200174713419294

95923709214

8,769700161274142124388

1,130

3,3972, 764

9051,269

66786

212304254

38 4423 5883,6711 5495, 4565,4721 672

1 375979

2,861' 774

1,3989,648

3, 960

186, 55552, 741

133,8147,7811,894

22, Ofil102, 077

6,174119,935

•• 13, 448••4,410r 2, 103

' 1, 929r 174-754'468'286'104'905'689'216

' 9, 038'770'163'316'156'136'392

' 1, 149

' 3, 453' 2, 820

'915' 1, 450

'783104236

'328'260

4 798

214 50954 194

160, 3857 3672, 596

29 711120, 709

6. 711127, 034

215 0

24 28 8

11 24 3

118 Q20 373 26 12 15.1

12.1

71 Q10 923.54 34.35 9

22 9

13, 8694,8022,433

2,26716675746129698

945718227

9,067921194371192164378

1,122

3,3302,659

8771, 530

857117230326248

tUnpublished revisions for magazine advertising for January, February, March, and October 1950 and January and February 1951 are available upon request. Revisions of personalconsumption expenditures (1949-51) are shown on p. 20 of this issue of the SURVEY.

fRevised series. Beginning with the September 1952 SURVEY, retail sales data have been replaced by a new series based on new sampling procedures developed by the Bureau, of the Census.The new estimates begin with January 1951: see pp. 16 ff. of the September 1952 SURVEY for figures covering the entire year 1951 for both the new and old series and for discussion of the newdata.




1951


berDecem-

ber

1952


ber

DOMESTIC TRADE—Continued

RETAIL TRADE — Continued

All retail stores— ContinuedEstimated sales (adjusted), totalf mil. of doL.

Durable-goods stores . --doAutomotive group _ do

Motor-vehicle, other automotive dealers.doTire, battery, accessory dealers do

Furniture and appliance group doFurniture, home furnishings stores doHousehold-appliance, radio stores do

Jewelry stores _ doLumber, building, hardware group do

Lumber, building-materials dealers __ doHardware stores do

Nondurable-goods stores doApparel group - do -

Men's and boys' wear stores doWomen's apparel, accessory stores. _ -doFamily and other apparel stores doShoe stores do

Drug and proprietary stores . . . - doEating and drinking places do

Food group doGrocery stores - - - do

Gasoline service stations doGeneral-merchandise group do

Department stores, excl. mail-order. _ doMail-order (catalog sales) doVariety stores _ _ _ _ _ _ _ _ d o - .Other general-merchandise stores do

Liquor stores __ _ __ do

Estimated inventories:Ûnadjusted, total do

Durable-goods stores _ - -doNondurable-goods stores do.__

Adjusted, total doDurable-goods stores do ._

Automotive group - _ -do. -Furniture and appliance group doJewelry stores . _ . d o _ -Lumber, building, hardware group .. doOther durable-goods stores do

Nondurable-good stores - _ - doApparel group doDrug and proprietary stores - doFood group ._ _ . _ - do-General-merchandise group doOther nondurable-goods stores - do -

Firms with 11 or more storesifEstimated sales (unadjusted), total do

Apparel group __ . do. _ _Men's and boys' wear stores doWomen's apparel, accessory stores doShoe stores _ _ . _ . _ . - - d o _.

Drug and proprietary stores doEating and drinking places _ - d o _ _ -Furniture, homefurnishings stores do

General-merchandise group doDepartment stores -.. .. do. -Dry-goods, other gene ra l -merchand i se

stores --._ mil. of dol _Variety stores do

Grocery stores doLumber, building-materials dealers doTire, battery, accessory stores do

Estimated sales (adjusted), total doApparel group do

Men's and boys' wear stores doWomen's apparel, accessory stores doShoe stores do

Drug and proprietary stores doEating and drinking places doFurniture, homefurnishings stores do

General-merchandise group doDepartment stores - doDry-goods, other g e n e r a l - m e r c h a n d i s e

stores mil of dolVariety stores _ do

Grocery stores _ _ ___ _. . - do -Lumber, building-materials dealers doTire, batterv. accessorv stores do

12, 9924,3982,2742,120

154699412287

113790564226

8,594837203338160136381

1,033

3,1282,532

7601,480

818101237324247

21,2129,664

11,548

21 1139,9203,0812 051

5192,4571,812

11, 1932,687

7571, 9683,4542,327

2,348174156862585123

694313

112174888

7246

2,350164146556615022

681288

111188912

5946

13, 2304,4372,3092,158

151702417285

116794570224

8,793861209344167141386

1,028

3,1322,526

7721,516

826108246336338

21,6639,771

11,892

20 7959,8063, 0911,866

4952, 5501,804

10, 9892, 672

7711, 9603,3102, 276

2,534179197153615327

784350

123191910

7950

2,420168176753615224

707306

1111919166048

13, 2394,3522,2302,075

155727422305

121773548225

8,887875212349172142389

1,049

3,2262,611

7871,565

861114244346223

22, 0039,843

12, 160

20,8189,7973,1701,882

4922,4391,814

11,0212,635

7712,0433 2522, 320

2,553185227352584930

838363

1282039196346

2,432178197054605027

725313

1151929316047

13, 0674,25]2,1431,992

151705419286

117780554226

8,816869200350179140392

1,033

3,2102, 597

7911,538

837109237355225

19, 5309,200

10, 330

20 7549,7263,1761 902

5082,3271,813

11,0282 581

7722,0923 2482,335

3,21427032

10976845030

1 196479

187385

1 0185265

2 423177187352604822

713294

1291889366347

13,1544,3662,1341,968

166746436310

119813591222

8,788871205348182136391

1,037

3,2022, 589

7941,503

828108237331242

19, 6859, 436

10, 249

20, 6819,7753,1291, 846

5072, 4711,822

10, 9062 517

7662,0113 3822,230

2,094128144938584920

524226

771359054935

2 411171176852615026

715336

931849276151

13, 4064,6112,3132,147

166741430310

117889662226

8,795836198340165133394

1,058

3,2002,586

8011,506

815110243339252

20, 3359,625

10,710

20 6259, 7893,1411,788

4962,5391,825

10, 8362 537

7732,0363,2562,234

2,090119134737584622

533224

761468975136

2 417164186452624926

723336

98185919

7250

13, 0204,3142, 0991, 938

161714423291

117860633226

8,707823193328171130389

1,038

3, 2022, 587

7971,455

803100238314247

21, 22810, 03011, 198

20 3219,5833, 1061,709

4882,4941, 786

10, 7382 436

7702,0963 2482,188

2,307157176348594826

604269

89160970

5340

2 352156166151604828

680311

981799196846

13, 3484,4962,3042,148

156685412274

117853632222

8,851854188353179135387

1,039

3,2712,636

8101,474

800105244325263

21, 10310,12810, 975

20, 4779,6243,2001 713

4882,4291,794

10,8532 503

7822,0573,2962,215

2,440198197767595124

705318

1071879306347

2 442170176853625126

720322

1131879376549

13, 8384,9312,6722,505

166726433294

122837620217

8,907848196335181136386

1,064

3,2562, 641

8051,537

853109252323269

20, 5429,689

10, 853

20, 0699,1122, 8881, 667

4792,3801, 698

10, 9572 583

7772,0233 2952,279

2,586176177357605331

741365

109180

1 0237155

2 4f>9164

176752615330

741343

108189936

6652

14, 0004,8872,5712,407

163768450318

118873647226

9,113910203357207143390

1,060

3,3412,728

8201,584

877116254338270

19, 8259,229

10, 596

20, 1259,0302, 8641 625

4942, 3641,683

11,0952 636

7602,1103 2712,318

2 432173186760595226

711343

105170908

7359

2 553174187057625228

766351

113193959685fi

' 13, 648' 4, 494

2,2582,102

156744435308

120869660209

9,154876208349182138389

1,069

3, 4022,756

8321, 526

826117251331273

19 2098 621

10 588

20 1278 7492 5911 707

4882,3321 631

11 3782 714' 790

2 0803 3582 436

2 004.132

1 9

5745595400

(i-l 0

284

91163954

7256

0 FJJl

168197154605425

726325

991929846647

' 13, 343' 4, 200' 1, 922' 1, 758

'164r 745'448'297

' 122'859'642r 217

r 9 142'889T 204'359'187' 139'394

r I 067

'3 345'2 713

r §4]

r I 607

'891115

'262'340' 263

19 2798 314

10 965

19 7458 6262 5641 701

4802,2731 608

11 1192 700

7659 001

3 2762 377

r 2 504

142^j

' 63T 4g

60' 54' 26

r 7JC)

326

' 112183

r 999r?6

57

' ^ 5821741873

r <i7

62r 53

'26

r 7^8332

' 117' 202

r i 006'69

K9

13, 8034,6342,3762,215

161725430295

118850630219

9,168874208350176141388

1 056

3 4902 827

8571 516

833107252324265

2() 4418* 761

11 680

20 2998 9822 8761 730

4812,2211 674

11 3172 740

7972 0523 3522 376

2 502' 182

167062585325

744345

110180Q438149

2 5521 7*3

1766K7

61CO

24

700097

ino197

1 00965AQ

' Revised.f Revised series; see note marked "f" on p. S-8.cf Data represent new estimates adjusted for comparability with the new scries of retail sales,

series (1949-51), see p. 14 ff. of this issue of the SURVEY.For the new estimates for December 1950 and the entire year 1951 and for revisions of the old


S-10 SUKVEY OF CURRENT BUSINESS November 1952


1951

Septem- October Novem-ber

Decem-ber

1952


ber

DOMESTIC TRADE— Continued

RETAIL TRADE— Continued

Department stores:Accounts receivable, end of month :f

Charge accounts _ 1947-49=100Instalment accounts do

Ratio of collections to accounts receivable:Charge accounts percentInstalment accounts do

Sales by type of payment:Cash sales percent of total salesCharge account sales _ _ _ d o _ _Instalment sales do

Sales, unadjusted, total U. S.f 1947-49 = 100__Atlanta. _ doBoston doChicago doCleveland _ _ _ _ _ _ _ _ _ _doDallas doKansas City _ _ _ __ _ _ _ _ . doMinneapolis doNew York _ doPhiladelphia - _ __ _ _doRichmond doSt. Louis. - _ _ __. _ __ _- __ doSan Francisco do

Sales, adjusted, total U. S.f doAtlanta- _ . _ _ - _ doBoston doChicago _ doCleveland doDallas __ doKansas City doMinneapolis doNew York _ _ . _ _ _ _ _ _ _ _ _ d o _ -Philadelphia doRichmond _ doSt. Louis doSan Francisco- do

Stocks, total U. S., end of monthrfUnadjusted - do_Adjusted do

Mail-order and store sales:Total sales, 2 companies .. _ _ thous. of dol

Montgomery Ward & Co doSears, Roebuck & Co do

Rural sales of general merchandise:Total U. S., unadjusted 1935-39 = 100.-

East ._ _ _ _ - - doSouth doMiddle West — _ _ _ _ _ . doFar West do

Total U. S., adjusted __ _ - doEast doSouth - - d o _ _ _Middle West doFar West _ do_

WHOLESALE TRADE*

Sales, estimated (unadj.), total _mil. ofdoLDurable-goods establishments doNondurable-goods establishments do -

Inventories estimated (unadj ), total doDurable-goods establishments doNondurabln-poods establishments do

113166

4719

474310

'112117110114114124

'118112

'105112

'117111

'109

'106112100106108115112101

MOO107

* 108105

r 108

131127

338, 278100, 873237, 405

334.1285.1369. 0316.1394.4302.1274.9324.3293. 8344.8

9,0202,8756,145

10, 4575,1165,341

122172

5021

464311

112117105112115119117118108114121111107

109112103110112114110104103108114105109

134121

374, 319117,371256, 949

362.0325.6418.0340.7403.8302.7271.3327. 1290.0359.3

10, 2833,1447,139

10,4955,0345, 461

136182

5021

474310

134140129133140144131120131144145130125

113122106111114129116107104109118109118

133117

398, 865121.494277, 371

439.3445.9500. 6411.6456. 1339. 0319.2365. 9313.2363. 7

9,8692,8507,019

10,4264, 9525,474

177197

4519

49429

184204188176181203185166179185192168189

109120106109109122113104103105109107108

108119

477, 842146,189331,653

499. 6453. 7534.4468. 5606. 5340.8314.0386. 4315. 7386.8

9,2742,5426,732

10,1504,9045,246

142190

4719

484210

83908181879586728081808183

10811910210511512211597

100110114111106

1 06118

248, 92663, 912

185, 014

248.5228.4273.8236. 3276. 8328. 3301.3342. 2315.1376. 1

8,7862,4126,374

10, 3415,1445,197

124182

4518

484210

83937580839385838282838086

106112100104108115106113100110109100108

113116

246,18267, 879

178,303

263.3242.7296. 1240. 0284.731 4. 6292. 4340. 3300.0381. 1

8,1542,4935,661

10,1905,1145,076

117178

4820

484210

92110878995

10593808597968990

105114104103106115105

9497

10911499

103

120115

279, 09579, 273

199, 822

276.3271.1306.1257. 9301.4304. 6273.3324. 9276. 7337.1

8,1082,5795 529

10,' 2985,2555,043

121175

4618

48439

10311810399

10411410410094

103110101104

10311699

1001041141049896

10210898

106

122116

332, 48293, 423

239, 059

299.6273.7319.7280.2344. 5306. 6273.2345. 2281.9366.1

8,187247715,416

10,1105,2874,823

122176

4819

474310

10812210210410512511210595

108115106114

10812710110410312811210496

107116102118

120118

368, 073101,381266, 692

283.9253. 5301.8269.8327.7316.5282.3364.1304.5365. 7

8,1162,7065,4109, 8555,1614,694

120178

4618

474310

1051171031031051161069695

102114103108

11113810310511213211410098

107122111115

112118

354, 38592, 345

262, 040

308.3280.0345.4286.9370.7347.6322.6421.7313.2409. 6

8,2402,7285,5129,7615,0054,756

107177

4617

484111

8496738282

10493846976878196

10512010697

10512311410495

10610699

110

110120

304,31382, 995

221,318

249.5215.6270.5234.6313.6338.5322.8387.0314.1384.3

8,5962,7185,8789, 6654,8094, 856

108

4617

484111

98115839799

114110103

8610098

112

114131109

r 111113127119115102115127110116

114118

351,558101,150250, 409

315.6280. 7330. 8295. 3396.2344.2320. 1368.4318.9406.4

r 8, 6992, 646

r 6, 053r 9, 735

4,814r 4, 921

118189

4718

464311

P112126

p i l l110110128

M15107100110121110116

^106

P 101103105119

9895

105112104115

P I 24M20

373, 724102. 462271,262

344. 5299.7390. 4316.8415.6311.5289.0343. 1294.4363. 3

9, 6092, 9836. 6269,9274, 8245, 103

EMPLOYMENT AND POPULATIONPOPULATION

Population, continental United States:Total, incl. armed forces overseas thousands- -

EMPLOYMENT

Employment status of civilian rioninstitutionalpopulation:

Estimated number 14 years of age and over,total _ _ -thousands.

Male d o _ . _Female - - do_

Civilian labor force total doMale doFemale - do

Emploved doMale doFemale do

Agricultural employment doNonagrieultural employment - do

Unemployed do

Not in labor force do

' 154, 847

108, 95651, 78057, 176

63, 18643, 67219,514

61, 58042, 83018,750

7, 52654, 054

1, 606

45, 770

'155,093

109, 06451. 82657, 238

63, 45243, 52219, 930

61,83642, 63219, 204

7, 66854, 168

1, 616

45, 612

r 155,335

109, 12251, 82457, 298

63, 16443,34619,818

61, 33642, 34418, 992

7,02254.3141,828

45, 958

r 155, 548

109, 20051, 84457, 356

62, 68843,11419,574

61,01442, 10618, 908

6,37854, 636

1,674

46, 512

r 155, 750

109, 26051, S5257, 408

61.7SO42, 86418,916

59, 72641,48018, 246

6, 18653, 540

2, 054

47, 480

T 155, 964

109, 27451,81057, 464

61,8.1s42,85818, 980

59, 75241, 48218, 270

6, 06453, 6882,086

47, 436

r 156, 163

109, 27451,75857, 516

61,51842, 81018, 708

59,71441,58618,128

6,01253, 702

1,804

47, 756

r 156, 371

109, 32851, 76257, 566

61, 74442, 94618, 798

60, 13241, 89818, 234

6, 41253, 7201,612

47, 584

r 156, 568

109, 42651, 80457, 622

62, 77843, 26219, 516

61, 17642, 29018, 886

6, 96054, 2161,602

46, 648

' 156, 770

109, 55651, 87257, 684

64, 39044, 46419, 926

62, 57243 32619, 246

8,17054, 402

1, 818

45, 166

'156,981

109, 69251. 94857, 744

64, 17644" 72019, 456

62, 23443, 47618, 758

7. 59854. 636

1.942

45, 516

r 157, 234

109,80452, 00057, 804

63, 95844, 39619, 562

02, 35443, 39218, 962

6, 964So, 390

1, 604

45, 846

157, 505

109, 90652, 04057, 866

63, 69843, 40820, 230

62, 26042, 00419, 656

7, 54854, 7121 438

46, 208r Revised. * Preliminary.tRevised series. Data have been revised to reflect use of new base period and to incorporate other major changes. Revisions b;

lished revisions appear as follows: Accounts receivable (1941-51), p. 32 of the July 1952 SURVEY; total U. S. sales (1919-50), p. 32 of thi1952 SURVEY.

th

other major changes. Revisions back to 1919 for sales by districts will be shown later. Pub->hed revisions appear as follows: Accounts receivable (I94i-^)ij, p. ~6*z 01 tne juiy iyoz S U R V E Y ; total U. S. sales (1919-50), p. 32 of the February 1952 SURVEY; total U. S. stocks, p. 32 of the July>52 SURVEY.

JData on total wholesale trade have been substituted for the series on service and limited-function wholesalers. For annual sales, 1939-48, and end-of-year inventories, 1938-48, see p. 24 ofie October 1951 SURVEY; revisions beginning 1949 appear on pp. 16 ft', of the October 1952 SURVEY.


November 1952 SUEVEY OF CURRENT BUSINESS S-ll


1951


berDecem-

ber

1952


ber

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Employees in nonagricultural establishments:Total, unadjusted (U. S. Dept. of Labor)

thousands. .Manufacturing - do

Durable-goods industries doNondurable-goods industries do

Mining, total - - - do ._Metal doAnthracite - do _ _Bituminous coal _ _ _ __ - do _Crude-petroleum and natural-gas production

thousands..Nonmetallic mining and quarrying do

Contract construction -doTransportation and public utilities do

Interstate railroads doLocal railways and bus lines .. .-do. _ _Telephone doTelegraph doGas and electric utilities do

Trade doWholesale trade - -- doRetail trade do

General-merchandise stores doFood and liquor stores doAutomotive and accessories dealers- -_do

Finance --- -- - ---doService do

Hotels and lodging places doLaundries doCleaning and dyeing plants do

Government do

Total adjusted (Federal Reserve) doManufacturing - - do _Mining - doContract construction do -Transportation and public utilities doTrade -do -Finance doService -doGovernment -- -do _

Production workers in manufacturing industries:Total (U S Dept of Labor) thousands .

Durable-goods industries doOrdnance and accessories do-Lumber and wood products (except furni-

ture) thousandsSawmills and planing mills do

Furniture and fixtures doStone clay and glass products ___ _ -do

Glass and glass products doPrimary metal industries do

Blast furnaces, steel works, and rollingmillsj thousands . -

Primary smelting and refining of nonfer-rous metals thousands

Fabricated metal prod, (except ordnance, ma-chinery, transportation equipment)

thousands. -Heating apparatus (except electrical) and

plumbers' supplies thousandsMachinery (except electrical) doElectrical machinery doTransportation equipment do

Automobiles doAircraft and parts doShip and boat building and repairs doRailroad equipment do

Instruments and related products do^Miscellaneous mfg industries do

Nondurable-goods industries doFood and kindred products do

Mêat products doDairy products doCanning and preserving doBakery products doBeverages do

Tobacco manufactures _ _ d oTextile-mill products do

Broad -woven fabric mills doKnittinsc mills do

Apparel and other finished textile prod-ucts - - . . . thousands-.

IVTen's and boys' suits and coats doMen's and boys' furnishings and work

clothing thousands"Women's outerwear do

Paper and allied products doPU!D paper and paperboard mills do

Printing, publishing, and allied industriesthousands- _

Newspapers doCnmrnprpiftl nrintrn? do

46, 95616, 0398,9137,126

91710468

367

269110

2,7684,1781,457

141648

47532

9,7812,5947,1871,4871,274

7541,8984, 831

473362157

6,544

46. 46515, 801

9122, 5874, 1579,7911,9084, 7836,526

13, 0877,279

44

745443285482130

1,162

573

47

810

1211,219

7071,211

67936010260

226388

5,8081,330

23510833019315689

1, 136551205

1, 037138

239284416214

515153167

46, 90215, 9658,9427,023

91710467

367

269109

2,7614,1661,440

14164948

529

9,8932,6227,2711,5501,281

7481,8984,770

437360159

6,532

46, 41515, 748

9142,6304,1739,7701,9174,7466,517

12, 9977,296

47

740439289479128

1,160

570

47

809

1201,242

7071,205

66736210462

228390

5,7011,254

23610323819515089

1,133546209

1,019131

238270413212

517153169

46, 85215, 8908, 9766,914

91710567

368

269107

2, 6334,1651,428

14165347

528

10, 1092,6577,4521,7011,295

7591,9074,734

430357157

6, 497

46, 48215, 761

9162, 5814, 1699,8271,9264, 7586,544

12, 9047,314

50

719428294472125

1,149

558

47

805

1201,255

7181,234

65539511163

230388

5,5901, 160

24699

14519214785

1, 132544209

1,008117

233279411212

519154170

47, 66315, 9139,0006,913

91610667

369

269105

2,5184,1611,426

141654

47527

10, 6602, 6578, 0032,0921, 316

7681,9124,702

426356154

6,881

46, 60815,811

9162, 5694,1619,8931,9314,7496,578

12,9117,322

52

696412296465123

1,164

573

47

806

1191,269

7261, 235

64540711163

232381

5,5891,122

25296

12019014685

1,141548211

1, 035123

235296410212

520155171

45, 91315, 7768,9466,830

90910767

367

267101

2,3164,1031,394

14165347

526

9,7202, 6227,0981,4721,282

7491,9094,671

424356154

6,509

46, 47115, 830

9162, 5454,1399, 8521,9194,7426,528

12, 7667, 264

54

654391296452119

1,162

570

47

804

1151,276

7251, 235

63341511562

232374

5,5021,068

24694

10618713682

1, 131540209

1,029127

228300405211

510151170

45, 89915, 8599,0106,849

90210762

366

267101

2,3084,1111,392

141660

47526

9,6432,6247,0191,4161,286

7431,9194, 667

428354153

6,490

46, 59415, 877

9122, 5934,1479,8601,9294,7386,538

12, 8207,306

55

668396296447120

1,160

570

48

807

1161,281

7271,251

63042412261

233381

5,5141,060

24495

10518713480

1, 123527210

1, 052128

233309404210

507152166

46,00115, 8699,0356,834

90410767

363

266101

2,2964,1181,395

139664

47526

9,6682,6237,0451,4371,287

7381,9374, 681

430353154

6,528

46, 55215, 894

9112, 5234, 1549, 8621,9374,7286,543

12,8157,316

56

670398296449121

1,154

567

47

807

1161,280

7221,266

64342812661

234382

5,4991,057

23996

104189138

781, 113

518210

1, 051127

238306401208

508152167

46, 29915, 7959,0546,741

89610760

357

267105

2,4164,0961,404

139648

528

9,8452,6057,2401,5271,295

7371, 9524,748

438358161

6,551

46, 55615, 931

8992,5174,1169,8491,9424,7486,554

12, 7337,329

58

678405292452123

1,143

558

48

806

1151,282

7141,288

663430128

57236380

5,4041, 057

23310011418613677

1, 093507210

996121

239275398206

507152166

46, 32915, 6548,9916,663

89310766

348

266106

2,5224,1311,416

137669

529

9,7732,6017,1721,4661,293

7421, 9584,796

450363164

6,602

46, 55915, 870

8942,4974,1349,9121,9484,7726,572

12, 5887, 262

59

635387287449123

1,141

557

48

798

1131,269

7081,307

66743713360

233376

5,3261,074

23010712218314677

1, 083503209

959113

238252398206

507154167

r 46, 292- 15, 410

r 8, 621r 6, 789

'814r 77

65••294

••272106

2,663- 4, 168- 1, 396

-13767445

••638

9,8382,6187,2201,4601,292-7541,977

- 4, 837-475-369- 165

6,585

- 46, 348- 15. 547

-8102,536

- 4, 139- 9, 964

1,957- 4, 789

6,606

r 12, 329- 6, 888

-60

-697-424

288453

-125-716

-155

-47

-769

- 115- 1, 261

-706- 1, 323

-672-447

135- 59

-233-382

- 5, 441r 1, 138

232113

- 15519015378

- 1, 082- 506

212

-972- 119

240252403

-209

-511- 154

167

- 45, 992- 15, 153- 8 292- 6, 861

-784- 74

61-268

275106

- 2, 721- 4, 141

1, 351- 138

68246

- 546

- 9, 787- 2, 623- 7, 164- 1, 418

1,294- 756

- 1, 991- 4, 857

- 511-371- 161

6,558

- 46, 153- 15, 351

- 7772, 5434,1009, 9591, 9624, 7856,676

- 12, 059- 6, 550

60

-693- 421

284441

- 123- 702

-163

47

-722

- 112- 1, 200

-683- 1, 159

- 512-453- 134- 49

-232-374

5, 509- 1, 221

234115

- 218195

- 16378

- 1, 081509209

-985- 118

239-270-395

202

-507153166

- 47, 060- 15 976- 8 863- 7 113

-9564

-347

274107

- 2, 781- 4 202

1,39213768946

548

9,7892, 6377 1521,4111 290-751

1,9924,844

508367156

6 589

- 46, 900- 15, 866

-8792, 5754, 1549,9721,9724, 7966, 686

- 12, 846- 7 096

- 59

- 706431

- 293458127

r 1, 106

546

48

••763

121- 1,191

- 705- 1, 186

52446413355

r 230-393

- 5, 750- 1, 288

232112289193160-86

- 1, 123520221

- 1, 052129

247295

-408209

508154165

P 47, 579P 16, 284

p 9 092TO 7, 192

P885f 91

P353

P 107P 2, 747P 4 216

TO 9, 931v 2, 646TO 7 285P 1,490P I 289

P744* 1,972P 4, 832

TO 6, 712

TO 47, 096p 16 054

p 880p 2, 567P 4, 194P 9, 942P 1,982P 4, 784P f>, 693

P 13, 159P 7 322

p 62

P698

P298P462

P 1, 146

P799

p 1, 187p 744

P 1, 280

P238v 408

P 5, 837p 1,312

p90P 1, 141

P 1, 068

"412

P512

-Revised. P Preliminary.^Figures for 1939-46 on the revised basis for the indicated series, available since publication of the 1951 STATISTICAL SUPPLEMENT will be shown later.




Septemher

19

October

51

Novem-ber

Decem-ber January Febru-

ary March April

1952

May June Juiy Augus Septem-ber


EMP LOYM ENT— Con tinued

Production workers in mfg. industries— ContinuedTotal (U. S. Dept. of Labor)— Continued

Nondurable-goods industries — ContinuedChemicals and allied products thousands. _

Industrial organic chemicals doProducts of petroleum arid coal do

Petroleum refining doRubber products do

Tires and inner tubes doLeather and leather products do

Footwear (except rubber) . do

Manufacturing production-worker employmentindex, unadjusted (U. S. Dept. of Labor) f

1947-49 = 100_.Manufacturing production-worker employment

index, adjusted (Federal Reserve) t-1947-49 = l O O . _

Miscellaneous employment data:Federal and State highways, total § number. .

Construction (Federal and State) doMaintenance (State) - _do

Federal civilian employees:United States __ _ __ thousands

Washington, D. C., metropolitan area__doRailway employees (class I steam railways):

Total thousandsIndexes:

Unadjusted 1935-39=100Adjusted - do

PAYROLLS

Manufacturing production-worker payroll index,unadjusted (U. S. Dept. of Labor) 1.1947-49=100. -

LABOR CONDITIONS

Average weekly hours per worker (U. S. Dept. ofLabor) :

All manufacturing industries hoursDurable-goods industries _ _ _ _ _ _ _ d o

Ordnance and accessories doLumber and wood products (except furni-

ture) hoursSawmills and planing mills do

Furniture and fixtures doStone, clay, and glass products do

Glass and glass products _ . do_Primary metal industries do

Blast' furnaces, steel works, and rollingmills J hours

Primary smelting and refining of nonferrousmetals hours

Fabricated metal prod, (except ordnance, ma-chinery, transportation equipment) hours

Heating apparatus (except electrical) andplumbers' supplies hours

Machinery (except electrical) doElectrical machinery _ . _ _ d oTransportation equipment do

Automobiles _ . _ _ _ . .doAircraft and parts doShip and boat building and repairs- ..do.. .Railroad equipment do

Instruments and related products do-..IV'liscellanoou-S mfg" industries do


Meat products do_ _Dairy products doCanning and preserving doBakery products doBeverages do

Tobacco manufactures _ _ „ do.Textile-mill products do

Broad-woven fabric mills doKnitting mills do

Apparel and other finished textile productshours _ _

Men's and boys' suits and coats doMen's and boys' furnishings and work

clothing - _ - _ - hours _ .Women's outerwear do

Paper and allied products doPulp, paper, and paperboard mills, _ _ d o

Printing, publishing, and allied industrieshours _

Newspapers doCommercial printing do

Chemicals and allied products do

Products of petroleum and coal doPetroleum refining do

Rubber products _ _ . d o _ - _Tires and inner tubes do

Leather and leather products do

r Revised. » Preliminary,t Revised series. Indexes have been shifted to i§ Total includes State engineering, supervisory

54317519715421892

327208

105. 8

103.9

314, 679135, 562124, 067

2,330250

1,321

126.1123.1

130.9

40.641.644.2

40.640.241.141.539.341.3

41.0

40.4

41.7

40.843.241.541.139.843.940.040. 742.240.4

39.442.841.945.043.542.141.839.536.937.135.5

35.635.1

35.534.4

i 42.844.2

39.236.940.541.740.841.441.140.9

! 40.9! 35. 9! 34.6

lew base p(, and ad mi

54417219715421590

320201

105. 1

103.4

303, 304128, 757121,524

2, 335249

1,305

124.6120.5

129.8

40.541.744.0

41.340.841.441.739.841.2

40.4

41.6

41.7

41.143.441.540.939.743.340.240.942.340. 6

38. 942.041.544.342. 541.740.839.737.237.036.3

34.632.5

35.032. 842.544.0

38.636.739.541.840.340.940.440.339.935. 433.9

^riod; inonnistrative

54217319715421995

317198

104.3

103.3

273. 54299, 528

120, 521

2,342249

1,293

123.3122.2

129.8

40.541.543.9

40. 640.441.140.939. 241.2

41.0

41.1

41.4

40.443.241.840.739.143.939.140. 642.540.0

39.242.044.143.837.041.540. 639.337.837.637.3

35.532.2

35.634.642.443.8

38.736.739.941.840.440.740.640.5

! 40.5i 35. 6' 33.9

thly data femployees

53817119615521995

323205

104.4

103. 5

246, 18575, 055

118, 551

2,344248

1, 285

122.2124.2

132.9

41.242.245.1

40.840.442.041.240.042.2

41.9

41.4

42.3

41.344.142. 041.740.444.140.540.842.641.4

39.942.344.244.138.341.540.839. 539.339.337.8

36. 233.7

35.835.842.844.2

39.437.540.741.840.741.241.341.241.037.836. <

n- 1919-50 inot shown

536170193153218

94330213

103.2

103.6

230, 98559, 281

118,621

2,359249

1,257

119.9124.6

130.4

40.841.84 4 . 4

40.139. 541.540.638. 841.5

40.8

41.5

41.8

40.543.941.941.540.543.240.741.042.141.0

39. 541.642.544. 038.041 .240.538.438.939.037.0

36.033.4

35.735.942.543.6

38.635.840. 341.640.440.941.040.940.938.438.2

re shown cseparately

538168193153215

94342221

103.6

103.8

227, 48859, 491

115,126

2,370248

1,252

119.4122.3

131.0

40.741.744.7

40.640.141.541.039.641.2

40.6

41.6

41.8

40.443.641.641.440.443.240.041.441.740.8

39.541.441.443.938.441.540.736. 938.838.437.8

36.734.7

36.536.442.443.6

38.436.139.741.440.340.840.740.540.638.738.6

)ii pp. 19 ai

53816819415221594

344222

103.6

103.7

239, 08768, 500

116,987

2.381249

1,255

119.7122.7

131.9

40.741.744.3

40.439.941.341.139.941.4

41.4

41.8

41.7

40.543.541.541.340.442.940.941.341.740.9

39.341.040.643.838.141.040.436.638.137.237.8

36.835.3

36.736.242.643.8

38.736.140.341.340.340.740.540.339.838.738.7

id 20 of th(

53016319715521395

336217

102.9

104.0

270, 65499, 013

118,411

2,389248

1,265

120.5122.5

128.1

39.840.843.4

40.740.340.640.538.939.0

37.4

41.5

40.7

39.042.840.740.739.942.040.540.341.440.1

38.440.740.343.837.541.140.634.637.237.136.2

35.032.9

35.834.241.442.2

38.236.139.541.040.240.540.339.639.337.136.7

3 October 1

51716116812621395

330213

' 101.9

103.4

296, 941120, 225122, 354

2,392248

1,277

121.8122.3

' 128. 2

40.241. 143.7

41.140.940.941.039.839.2

37.4

41.9

41.3

40.242.940.641.140.142.841.140.441.840.5

39.041.440.744.337.941.841.837.937.737.136.9

36.433.2

37.236.041.842.6

38.636.540.040.940.337.235.740.540.437.336.8

952 SURVE

^512163

••190* 155

21595

••340221

r"'7T 100. 8

328, 561141, 561128, 338

2,419251

1,257

120.1118.4

r 126. 4

'40.5'41.2

43.5

' 42.2'42.1'41.0MO. 9'39.7MO. 1

'36.8

'41.8

MO. 9

MO. 2M2. 7MO. 9MO. 7'39.4M2. 7

40.9MO. 6Ml. 6MO. 3

r 39. 5M2. 1'41.1M5.6'38.7' 42.3' 42.3

38.6'38.4'37.7

37.6

'36.2'34.2

'37.3'34.8

42.4'43. 1

38.8'36.4MO. 2Ml. 1

40.3' 40. 8'40.4

i MO. 9Ml. 1'38.2'37.8

Y. \ See

'512167

' 190' 157'201

93339

' 219

'97.5

'99.2

'341,207' 149, 194 i

131. 788

2.420251

1,214

' 116.0113. 5

' 121.1

39.9' 40.4

42.5

'41.040.640.2

'40.4'38.7'39.6

'37.3

Ml. 9

'39.9

39.441.9

MO. 0'39.4'36.1

42.640.7

MO. 2' 40.8'39.8

39.4' 41.9

40.745.0

MO. 341.943.038.038.438.037.9

'36.033.8

'36.934.9

M2.443.3

'38.636.140.3

MO. 640.141.140.6

MO.lMO. 5

38.51 38.3

note marl

514169

'203160 I

'211 :92 !

'357232

' 103. 9

' 103. 1

p 336, 739P 143, 210P 132, 378

2,407248

' 1,256

P 119. 5v 117.0

' 133. 0

' 40.6Ml. 2Ml. 3

'42. 141.9

' 41.4' 41.4

40.5MO. 9

41.3

41.4

MO. 8

40.4M2. 2

40.940.238.142.440.540.1

Ml. 5MO. 7

' r 39. 9; 41. i

40.144.239.041. 941.5

! ' 39. 4'39.6

39.2| 38.9

'37.336.2

37.936.2

M3.243.7

'38.936.140.3

MO. 940.5

MO. 540.0

Ml. 141.0

'39.6i 39.7

p.531

P201

P219

"351

P 106. 4

P 104. 6

2,388245

1.268

P 120. 9P 118.0

P 139. 6

P 4 1 . 1Ml. 8P42. 7

P 42. 1

M2.0P 41.4

~~"p4\~2~

P 42. 1

• p 43. 0P 42. 0

' P 41 . 1

P41.8i P 4 1 . 2

p 40. 3Ml. 8

i ~ ~ ~ p~39.4~p 40.1

p 37. 5

iI P 43. 4

P39.3

Ml. 7

Ml. 2

Ml. 2

P38.5

:ed "£" on p. S-ll.




1951


berDecem-

ber

1952


ber


LABOR CONDITIONS— -Continued

Average weekly hours per worker, etc. — ContinuedNonmanufacturing industries:

Mining:Metal hoursAnthracite.. _ doBituminous coal __ do __Crude-petroleum and natural-gas production:

Petroleum and natural-gas productionhours .-

Nonmetallic mining and quarrying doContract construction do

Nonbuildin g construction doBuilding construction do

Transportation and public utilities:Local railways and bus lines doTelephone ...doTelegraph f doGas and electric utilities do _ . . _

Trade:Wholesale trade _. doRetail trade (except eating and drinking

places)*. hoursGeiieral-merchand ise stores doFood and liquor stores doAutomotive and accessories dealers., -do

Service:Hotels, year-round do__ _Laundries __ _ doCleaning and dyeing plants do

Industrial disputes (strikes and lock-outs):Beginning in month:

Work stoppages — number--Workers involved _ _ thousands

In effect during month:Work stoppages numberWorkers involved - thousands..

Man-days idle during month doPercent of available working time

U. S. Employment Service placement activities:Nonasrricultural placements. ._ ._ thousands _

Unemployment compensation (State laws):Initial claims do

Benefit payments:Beneficiaries, weekly average do - .Amount of payments thous. of dol

Veterans' unemployment allowances:Initial claims ... thousands. _Continued claims - doAmount of payments thous. of dol

Labor turn-over in manufacturing establishments:Accession rate. -.monthly rate per 100 employees. -Separation rate total do

Discharges -- -doLay-offs doQuits -- do.. -M ilitary and miscellaneous do

WAGES

Average weekly earnings (U. S. Department ofLabor) :

All manufacturing industries dollars.-Durable-goods industries do

Ordnance and accessories _ . _ . . doLumber and wood products (except furniture)

dollars .-Sawmills and planing mills do

Furniture and fixtures - doStone, clay, and glass products - do .

Glass and glass products doPrimary metal industries do

Blast furnaces, steel works, and rolling millstdollars..

Primary smelting and refining of nonferrousmetals dollars


dollars ._Heating apparatus (except electrical) and

plumbers' supplies dollarsMachinery (except electrical) doElectrical machinery do

Transportation equipment doAutomobiles doAircraft and parts _ _ . do. ..Ship and boat building and repairs doRailroad equipment do

Instruments and related products doMiscellaneous mfe. industries do

44 127.236.5

41.846.138.941.938.2

46. 139.444.442.2

40.9

40.035.940.045.2

42.941.341.6

457215

693340

2.540.33

621

7243 329

75862, 049

13

66

4.35 1.3

1.33.1A

65.4971.0176.47

61.5161. 0658. 4065.7465. 4075.79

78.72

68.64

70.14

69.8977.2468.06

77.4377.5379.2871.5276.9669.9357.61

44 435 136.3

40.547.039 342.638 5

46 239.144 342.1

40.8

39.835.639 645.4

42.941 141.5

487248

728365

2 790.30

610

9023 692

71367 449

13

53

4.44 7.4

1.42.5.4

65.4171. 1075.50

62.3261.4958.7965. 9365 6774.82

75.79

70.47

70.39

70.6577.8668.27

77.1477.3478.0773.5777.0670.2658.18

43 436 836.2

40.444.536.838.736 4

46 339.244 242.0

40.8

39.435. 139.745.3

43.141.040.7

30584

521191

1,610.19

498

9483 817

74968 607

13

50

3.94 3.3

1.71.9A

65.8571.0575.68

60.8660. 5658.8165.0365. 5075. 23

77.49

69.95

69.92

69.5377.6369.10

77.0576.4479.8572.3776.4970.9858.71

44 431 138.4

41.844.037 938.937 7

47 638.844 342.1

41. I

40.137.040 045.4

43.241 441.1

18682

357130

1 020.13

426

1 1524 114

79770 624

13

57

3.03 5.3

1.51.4.3

67.4072 7177. 62

60.1859. 4760.4865.3066 2877.73

79.44

71.58

71.78

71.4979.9569.97

79.4879.9180.5774. 1277.8171.7060.53

44 332 638.5

41.743.737 939.637 5

46 438.7

1 43 941.9

40.7

39.835. 839.444.9

42.841 540.7

400190

600250

1 250.14

473

1 3826 157

1, 185116 469

14

83

4.44 0.3

1.41.9.4

66.9172.1577.26

57.0256. 5659. 8464.3564. 1476.86

77.93

73.54

71. 06

70.0779.8170.22

79.4780.5579.5374. 8576.7971.0259.94

44 130 935 9

40.844.338 340.237 9

46 538 543 941.4

40 4

39 835.939 445.0

42.840 939 8

350185

550250

1 270.15

427

8905 169

1 146105 023

(2)3

65

3.93 9.3

1 31.9.4

66.9172. 1878.76

59.1158.4760. 2665.2365.5475.85

76.53

73.17

71.27

69.8579.7069.93

79.2479.8380.0174.3278.1271.0260.18

44 530 135.4

41.643.837 138.536 9

46 638.544 041.4

40.4

39 835.839 545.1

42.540 940.1

400240

600320

1 400.17

465

8674 834

1, 113101 564

(2)3

54

3.93 7.3

1. 12.0.3

67.4072.8178.85

59. 5958. 8560.6765. 7666.5976.55

78.33

74.03

71.43

70.3580.0070.43

80.0880.8480.5776.8178.5571.4760.57

43 i28 129 9

41.144.838 039.837 6

46 I34 9

41.4

40 1

39 736.039 645.4

42.841 141.3

4751 000

6501,2005 300

61

566

1 1094 825

99394 385

(2)2

44

3.74 i.3

1 32.2.3

65.8771 0777.04

61.1360. 3759.4864.8865. 1671.53

70.16

73.33

69.64

67.7478.6269.03

78 4779.6878.0875 0176.2570.7159.31

44 433 331 8

40.645.738 641.237 9

46 938 7

41.2

40 4

39 635. 739 245.3

42.641 442 0

475300

6751,2007 500

90

572

9154 445

91886 958

(2)

31

3.93 9.3

1.12.2.3

66. 6571 7678.22

59.9660. 4559.8065. 8566 7872.17

70. 46

74.41

70.95

69.9979.0668.90

79.5780.2480. 3876.3676.1171.8160.39

r 42 6r 30 1r 28 5

41.3f 45. 8

39 4'42. 2

38 7

r 47 1r 39* 0

4.4 ^41.2

r 40 5

r 40 1' 36. 3r 4() 2«- 45. 3T 42 6T 41 gr 42 6

425170

6501 000

14 0001 68

581

9784 255

91883 511

128

4.93 9

31 12 2.3

r 67 15r 71 ggT 77 73

' 64. 73r 65 17r 60 C2r 66 09r 67 37r 73. 38r 70. 77r 74 36

' 70. 18r 70 11r 78. 87r69 73r 79 12r 79 27r 80. 36r 76 03«• 77. 79' 71. 97r 60. 01

r 49 2r 26 8r 27 7

41.145. 4

r 39 2'42.0r 38 6

r 47 239 444 8

'41.4

r 40 6

40 4'36.4r 40 5MS! 4

r 42 341 240 5

425125

650850

12 5001 44

556

1 5854 961

88088 612

25

4.4c o

32 2

.3

r 65 76r 70 05r 76 46

' 62. 81T 62 69r 58 37r 65 41r 66 25r 72 23

r 71 91

r 75 50

'67.83

r 68 00r 76 97r 68 28

r 75 73r 71 84T 80. 51T 74 97T 75. 01r 70. 62' 58. 94

44 629 436 2

40.646.239 342.138 6

47 438 7 '44 F,41.5

40 6

40 336.440 545.5

42 340 940 4

450225

675310

2 10025

588

7334 301

98095 389

113

••5.9r 4 6

3r \ 0

3 0.3

r 67 80r 72 92r 74 38

' 66. 2266 62

r 60 40r 67 65

69' 70r 79 22

84 75

75 93

' 70. 34

70 82T 77 86r 70 is

r 78 3177 0480.6975 8676 63' 71. 92«• 60. 68

475930

700360

3 20037

658

5682 QQC

63262 186

q

"5.7p 4 9

p 4r> 7

v 3 5P .3

v 69 58i> 75 4^v 78 87

P 66. 64

•P 62 20v 68 52

v 82 03

P 74, 22

*>80 45P 72 91

P 82 41

"73.07J»61.84

r Revised. * Preliminary. 1 See note "f" for this page; comparable figure for December 1951, 43.8. 2 Less than 500 claims.tRevised series. Beginning 1952, data cover all domestic (land-line) employees except messengers and those compensated entirely on a commission basis; earlier data exclude general and

divisional headquarters personnel and trainees in school.*New series. Data beginning 1947 wiD be shown later. JSee note marked "|" on p. S-ll.




1951


berDecem-

ber

1952


ber

EMPLOYMENT AND POPULATION— Continued

WAGES — Continued

Average weekly earnings, etc. — ContinuedAll manufacturing industries— Continued

Nondurable-goods industries . . dollars..Food and kindred products do

Meat products. __. .. .do ___Dairy products doCanning and preserving... ._ . _ do__Bakery products doBeverages __ do

Tobacco manufactures ___ .._ do..Textile-mill products _. do


Apparel and other finished textile productsdollars _ _

Men's and boys' suits and coats doMen's and boys' furnishings and work

clothing dollarsWomen's outerwear _ . ... do_.

Paper and allied products doPulp, paper, and paperboard mills... do

Printing, publishing, and allied industriesdollars. .

Newspapers ..do...Commercial printing do

Chemicals and allied products. do ..Industrial organic chemicals do

Products of petroleum and coal doPetroleum refining do

Rubber products .. doTires and inner tubes do

Leather and leather products . .._ do .Footwear (except rubber) do

Non manufacturing industries:Mining:

Metal do .\nthracite doBituminous coal doCrude-petroleum and natural-gas production:

Petroleum and natural-gas productiondollars _ _

Nomnetallic mining and quarrying doContract construction - .do. .

Nonbuilding construction doBuilding construction _ _ _ d o _

Transportation and public utilities:Local railways and bus lines do ...Telephone doTelegraph f doGas and electric utilities do

Trade:Wholesale trade doRetail trade (except eating and drinking

places)* dollarsGeneral-merchandise stores doFood and liquor stores doAutomotive and accessories dealers.. .do

Finance:Banks and trust companies -. _do.

Service:Hotels year-round doLaundries doCleaning and dyeing plants - do.. -

Average hourly earnings (U. S. Department ofLabor):

411 manufacturing industries dollarsDurable-goods industries _ - do - -

Ordnance and accessories doLumber and wood products (except furni-

ture) - dollars _ -Sawmills and planing mills do. ..

Furniture and fixtures doStone clay, and glass products do

Glass and glass products - - do-.Primary metal industries do

Blast furnaces, steel works, and rollingmills J - - -- dollars _

Primary smelting and refining of nonferrousmetals dollars


dollars..Heating apparatus (except electrical) and

plumbers' supplies _ dollars ..Machinery (except electrical) doElectrical machinery _ ~ - -do

Transportation equipment doAutomobiles doAircraft and parts . . . do. _.Ship and boat building and repairs doRailroad equipment do

Instruments and related products doMiscellaneous nifg. industries - do .


Meat products . . do _Dairy products - doCanning and preserving ... doBakery products doBeverages do

58.6762.0668.4662.1054. 3358. 6975.1144.7548.7448.7544.84

45.8951.98

37.6751. 5065. 5771.29

77. 6985. 1376. 9968. 4372.5483. 2186. 6070.1881.6445.9242. 73

76. 4360.3681.61

83.6870. 6385.1984.7285.42

73. 1159.9772.3372.88

65. 64

50. 8037. 1954.2467. 94

50. 36

35.7837.8744.72

1.6131.7071.730

1.5151.5191.4211. 5841. 6641.835

1.920

1.699

1.682

1.7131.7881.640

1.8841.9481.8061.7881.8911.6571.426

1.489I 1. 450

1. 6341.3801.2491.3941. 797

58.0061.9167.6560.6056.8758.3872.5445.3049.2948.7746.06

43.7047.81

37. 1447. 3365. 3271. 15

76.2784.5975. 1368. 1871.1781.7284. 6868. 6778.7645.3141.83

76.1078. 2480.62

78. 9371. 7286. 2686. 6186.20

73. 2359.9472.3472.92

65. 44

50. 4336.5653. 9067. 24

50.78

35. 9137.7344.36

1.6151. 7051.716

1.5091.5071.4201.5811. 6501.816

1.876

1.694

1.688

1.7191.7941.645

1.8861.9481.8031.8301.8841.6611.433

1.4911.4741.6301.3681.3381.4001.778

59.0763. 3473. 5160.0947.8059.2674.5446.2650.4650.0147.56

45.1247. 59

38. 1350.4165. 6471.31

77.0985.5176. 5768. 7271. 6381.2884.8969. 4680.2745. 8541.93

74.4381.8481.09

79.0268. 3581. 6679. 3082.26

73.1160.8472. 1373. 29

65. 52

49.9236. 1254. 3567.13

51. 13

36.2037.9343.71

1. 6261.7121.724

1.4991.4991. 4311.5901.6711. 826

1.890

1.702

1.689

1.7211.7971.653

1.8931.9551.8191.8511.8841.6701.446

1 5071.5081.6671.3721.2921.4281.836

60. 4564.1373. 0661. 4851.0259. 4373.4846. 5352. 7052.6248.08

46. 2649.98

38.0952.3066. 6872.22

79.4388. 6578. 7569. 1072. 4582.9487.1473. 9186. 2648. 6145.57

79. 4369.9886.28

83. 8567.3283. 8379. 0884. 94

75. 3559. 4472 2173. 63

66.58

49.9237. 5254. 4467. 06

51. 81

36. 8138.3444.14

1. 6361.7231.721

1.4751.4721.4401.5851.6571.842

1.896

1.729

1. 697

1.7311.8131.666

1.9061.9781.8271.8301.9071.6831.462

1.5151.5161.6531. 3941. 3321. 4321. 801

60. 0463. 4069. 6662. 7950. 3559. 0472. 9445.2752.4052.1047.66

46. 4050.00

38.0653.3866. 3971.29

77.2883. 1378.1869. 0672.1182. 6686. 6774. 1986. 9949.5447. 52

79. 1273.5886.39

84. 5366. 6984.7481. 2685.35

73.9259. 68

i 70. 7773. 20

66. 42

51.2238.2754.5366. 68

52. 05

36.4738. 5544.08

1.6401. 7261.740

1.4221.4321.4421. 5851. 6531.852

1. 910

1.772

1.700

1.7301.8181.676

1.9151.9891.8411.8391.8731.6871 462

1. 5201.5241.6391.4271.3251.4331.801

60.1263. 3068. 7262. 2951.1160.0973. 5043.6952.2251. 1948.31

47.5651. 67

39. 0254.7866. 5771.68

77. 6484.1977.2668. 8172.0282.0985. 6373. 3185.7550.1948.52

79.2568. 9780.27

82.2967.6085.9582.7386.60

73. 5259.8370.9072.82

66.13

50.9837.4454.4567. 37

52.14

36. 5937. 9643.14

1.6441.7311.762

1. 4561.4581. 4521.5911. 6551.841

1. 885

1.759

1.705

1.7291.8281. 681

1.9141.9761.8521.8581.8871.7031 475

1.5221.5291.6601.4191.3311.4481.806

60. 1363. 3068.0962. 5551. 4059. 2973. 4143.8851.3249.4848.16

47.3652.63

39.3453.1467. 4872. 93

79.0684. 5579. 5569. 1872.5482.0985.5072.5883. 4650.4649.15

80. 5967.0079. 26

84.5767.5083.5179.4684. 57

74.8959. 2971.0273. 28

66.62

50. 9037.2054.8767.74

52.30

36. 3838.0043.39

1.6561. 7461.780

1.4751.4751.4691.6001.6691.849

1.892

1.771

1.713

1.7371.8391.697

1.9392.0011.8781.8781.9021.7141.481

1.5301.5441.6771.4281.3491 4461.817

58.7162.8067.7862. 2450. 4460.2573. 8141.4549.8549.0845.94

43.5848.20

38.0247.8165. 3369.88

78. 2385. 0278. 2169. 0973.2082.3485.6871.4081.9048. 5346.57

77.6762.5266.68

83. 1069.3185.2082. 4385.92

74. 3153. 92

73. 24

66.49

50. 9737.0455. 1669.28

52.03

36.7238.4745.22

1. 6551.7421.775

1.5021. 4981.4651. 6021.6751.834

1.876

1.767

1.711

1.7371.8371.696

1.9281.9971.8591.8521.8921.7081.479

1.5291.5431.6821.4211.3451.4661.818

59.7164.0968.8262. 9549. 5061. 5776.9545.4050.7849.4246. 86

45.0648.77

39.4749.4366. 3471.01

79.8687.4279. 9669. 7373. 6775.2276.5873. 4784.9648.9046. 63

80. 4574.6970.25

81. 9370.7485.8184.4286.03

76.1760.60

73.46

66.94

51.6837.9155.1271.08

52.12

36.7639.0046.41

1.6581.7461.790

1.4591.4781.4621.6061.6781.841

1.884

1.776

1.718

1.7411.8431.697

1.9362.0011.8781.8581.8841.7181.491

1. 5311.5481.6911.4211.3061.4731.841

' 60. 83' 65. 34r 69. 91' 65. 30' 50. 62' 62. 27' 78. 68' 46. 74' 51. 61' 50. 37' 47. 23

r 45. 21' 50. 86

'39.35' 48. 79r 67. 71r 72. 54

' 80. 16••87.32' 80. 52' 70. 65' 74. 07r 84. 95r 87. 83' 75. 01' 87. 79r 50. 04f 47. 74

r 79. 32' 66. 67' 64. 30

' 85. 53' 71. 31' 87. 35r 86. 72' 87. 50

r 76. 91' 60. 80' 72. 40' 74. 41

' 67. 59

' 52. 85' 38. 80' 56. 68' 71. 71

' 51. 96

' 36. 72' 39. 54' 47. 20

r 1. 658r 1. 747' 1. 787

' 1. 534' 1. 548' 1. 464' 1. 616r 1. 697' 1. 830

' 1. 923

r 1. 779

1.716

' 1. 744' 1. 847

1. 705

' 1. 944r 2. 012' 1. 882' 1. 859'1.916' 1. 730r 1. 489

' 1. 540' 1. 552' 1. 701r 1. 432'1.308' 1. 472'1.860

60.87' 64. 78' 70. 00r 64. 85'51.30' 61. 76

81.01' 46. 28' 51. 65

50.8147.72

' 45. 6849. 35

' 38. 75' 51. 58' 68. 65' 74. 04

' 79. 86' 86. 60' 80. 48' 70. 08' 73. 98' 87. 71' 90. 58' 73. 42' 86. 67' 49. 97' 47. 68

' 78. 96' 59. 58' 62. 30

' 85. 28' 70. 01' 87. 77' 87. 49' 88. 09

' 78. 21' 62. 41' 72. 84' 74. 69

' 67. 96

' 53. 21' 38. 80' 56. 86'71.32

' 52. 50

' 36. 72' 39. 14' 44. 87

' 1. 6481.734

' 1. 799

' 1. 532' 1. 544' 1. 452' 1. 619' 1. 712' 1. 824

' 1. 928

' 1. 802

' 1. 700

' 1. 726' 1. 837

1.707

' 1. 922' 1. 990' 1. 890' 1. 842' 1. 866' 1. 731' 1. 481

1.545' 1. 546' 1. 720' 1. 441' 1. 273' 1. 474

1.884

'61.57' 63. 25

69.3763. 7451.0161.4778. 85

' 47. 67' 53. 42

52.4948.94

' 48. 1553.83

40. 0654.70

' 69. 8174.07

' 80. 4886.7179. 79

' 70. 7274.97

' 87. 0890. 48

' 74. 9387.17

' 52. 1150. 38

82.2066. 1580. 26

85. 4672. 3089.2990.0989.13

78.8761.9671. 9675.20

68.21

53. 0338.6256.8670.21

52.51

36.7639.0644.32

' 1. 670' 1. 770'1.801

' 1. 5731.590

' 1. 459' 1. 634

1.721'1.937

2.052

1.834

' 1. 724

1.753' 1. 845' 1. 716

' 1. 9482.0221.9031. 8731.911

' 1. 733' 1. 491

' 1. 543' 1. 539

1. 7301.4421.3081.4671.900

v 62. 30v 64. 04

v 46. 30v 54. 42

* 48. 71

v 70. 53

p 82. 06

P 71. 10

T> 89. 45

v 75. 23

v 51. 24~

v 1. 693P 1. 805P 1.847

p 1. 583

v 1.481P 1. 655

v 1.991

P 1. 763

P I. 871P 1. 736

P 2. OC5

v 1. 748p 1. 501

v 1. 546P 1. 532

r Revised. P Preliminary. 1 See notefRevised series. See note "t" on p. S-13.

"f on p. S-13; comparable figure for December 1951, $70.47.*New series. Data beginning 1947 will be shown later. note marked "J" on p. S-ll.




1951


berDecem-

ber

1952


ber


WAGES — Continued

Average hourly earnings, etc. — ContinuedAll manufacturing industries— Continued

Nondurable-goods industries; — ContinuedTobacco manufactures dollars. .Textile-mill products do


Apparel and other finished textile productsdollar s _ _

Men's and boys' suits and coats do __Men's and boys' furnishings and work

clothing dollars _Women's outerwear _ do

Paper and allied products . doPulp, paper, and paperboard mills do

Printing, publishing, and allied industriesdollars. _

Newspapers - _ . _ do_ __Commercial printing do

Chemicals and allied products ._ .doIndustrial organic chemicals do

Products of petroleum and coal do _Petroleum refining do

Rubber products doTires and inner tubes do

Leather and leather products doFootwear (except rubber) do ...

Nonmanufacturing industries:Mining:

Metal doAnthracite _ do __Bituminous coal doCrude-petroleum and natural-gas production:

Petroleum and natural-gas productiondollars

Nonmetallic mining and quarrying . . . doContract construction do

Nonbuilding construction _ _ do ..Building construction do

Transportation and public utilities:Local railways and bus lines doTelephone doTelegraph f doGas and electric utilities do

Trade:Wholesale trade doRetail trade (except eating and drinking

places)* dollarsGeneral-merchandise stores - _ do __Food and liquor stores doAutomotive and accessories dealers do

Service:Hotels, year-round doLaundries doCleaning and dyeing plants do

Miscellaneous wage data:Construction wage rates (ENR):§

Common labor dol. per hrSkilled labor do

Farm wage rates, without board or room (quar-terly) dol per hr

Railway wages (average, class I) - _ .-. ..do__Road-building wages, common labor do

1.1331.3211.3141.263

1.2891.481

1.0611.4971.5321.613

1.9822.3071.9011.6411.778

2.0102.1071.7161.9961.2791.235

1.7332.2192.236

2.0021.5322.1902.0222.236

1.5861.5221.6291.727

1.605

1.2701.0361. 3561.503

.834

.9171.075

1.6372.701

1.794

1.1411. 3251.3181.269

1.2631.471

1. 0611.4431.5371.617

1.9762.3051.9021.6311.766

1.9982.0961. 7041. 9741.2801.234

1.7142.2292.221

1.9491. 5262.1952.0332.239

1.5851.5331.6331.732

1.604

1.2671.0271.3611.481

.837

.9181.069

1.6452.719

.731.7481.33

1.1771.3351.3301. 275

.271

.478

.071

.457

.5481.628

1.9922. 3301.9191.6441.773

1.9972.0911.7151.9821.2881.237

1.7152. 2242.240

1.9561. 5362. 2192.0492.260

1.5791. 5521. 6321.745

1.606

1.2671.0291. 3691.482

.840

.9251.074

1.6462.728

1.779

1.1781. 3411.3391.272

1.2781.483

1. 0641. 4611. 5581. 634

2. 0162. 3641. 9351. 6531. 780

2.0132.1101. 7942.1041.2861.235

1.7892.2502.247

2.0061.5302.2122.0332.253

1.5831. 5321.6301. 749

1.620

1.2451.0141. 3611.477

.852

.6261.074

1.6512. 751

1.801

1. 1791.3471.3361.288

1.2891.497

1. 0661.4871.5621. 635

2.0022.3221.9401. 6601.785

2. 0212.1141.8142. 1271.2901.244

1.7862.2572.244

2.0271.5262. 2362. 0522.276

1. 5931.542

1 1. 6121.747

1.632

1. 2871.0691.3841.485

. 852

.9291.083

1.6542.758

.861.8071.29

1.1841.3461.3331.278

1.2961.489

1.0691. 5051.5701.644

2.0222.3321.9461.6621.787

2.0122.1041.8102.1121.2971.257

1.7972.2322.236

2.0171.5262.2442.0582.285

1.5811.5541.6151.759

1.637

1.2811.0431.3821.497

.855

.9281.084

1.6592.758

1.830

1.1991.3471.3301.274

1.2871.491

1.0721.4681.5841.665

2.0432.3421.9741. 6751.800

2.0172.1111.8012. 0971. 3041.270

1.8112.2252.239

2. 0331.5412.2512. 0642.292

1. 6071. 5401. 6141.770

1.649

1.2791.0391.3891.502

.856

.9291.082

1.6642.770

1.809

1.1981.3401.3231.269

1. 2451.465

1. 0621.3981.5781.656

2.0482.3551.9801. 6851.821

2.0332.1261.8032.0841.3081.269

1.8022.2252.230

2.0221.5472.2422.0712.285

1.6121.545

1.769

1.658

1.2841.0291.3931.526

.858

.9361.095

1.6802.774

.831.7881.38

1.1981.3471.3321.270

1.2381.469

1.0611.3731.5871.667

2. 0692. 3951.9991. 7051.828

2.0222.1451.8142.1031.3111.267

1.8122.2432.209

2.0181.5482.2232.0492.270

1.6241.566

1.783

1.657

1.3051.0621.4061.569

.863

.9421.105

1.6902.797

1.802

••1.211' 1. 344'1.336' 1.256

' 1.249' 1.487

'•1.055' 1. 402f 1. 597' 1. 683

f 2. 066' 2. 399' 2. 003' 1.719' 1. 838

' 2. 082' 2. 174' 1. 834' 2. 136'1. 310' 1. 263

' 1. 862' 2. 215' 2. 256

' 2. 071' 1. 557'2.217' 2. 055' 2. 261

'1.633r 1.559' 1. 627' 1. 806

'1.669

'1.318' 1.069' 1.410

1.583

'.862'.946

' 1. 108

1.7062.808

1.821

'1.218'1.345

1.3371. 259

' 1. 2691.460

' 1. 050' 1. 478

1. 619' 1. 710

' 2. 069' 2. 399' 1. 997' 1. 726' 1. 845

' 2. 134' 2. 231' 1. 831T 2. 140' 1. 298' 1. 245

' 1. 871' 2. 223' 2. 249

' 2. 075' 1. 542' 2. 239' 2. 083

2.282

' 1.657' 1. 584' 1. 626' 1. 804

'1.674

' 1.317' 1. 066r 1. 404

1.571

'.868'.950

' 1. 108

1.7552.849

.871.8351.41

'1.2101.3491.3391.258

' 1. 2911.487

1.0571.511

'1.6161.695

' 2. 0692.4021.980

' 1. 7291.851

' 2. 1502.262

' 1. 8232.126

' 1. 3161.269

1.8432.2502.217

2.1051.5652.2722.1402.309

1.6641. 6011.6171.812

1.680

1.3161.0611.4041.543

.869

.9551.097

1.7932.885

1.851

» 1. 175P 1. 357

» 1. 299

v 1. 625

* 2. 088

P 1. 705

* 2. 171

P 1. 826

v 1 331

1 8032 909

a 76

FINANCE

BANKING

Acceptances and commercial paper outstanding:Bankers' acceptances mil of dolCommercial paper do

Agricultural loans outstanding of agencies super-vised by the Farm Credit Administration:

Total mil. of dolFarm mortgage loans total do

Federal land banks doLand Bank Commissioner do

Loans to cooperatives do. _ _Short-term credit do.

Bank debits, total (141 centers) _.-doNew York City doOutside New York City, . -do

Federal Reserve banks, condition, end of month:Assets total mil of dol

Reserve bank credit outstanding, total-.. doDiscounts and advances . . _ , _ doUnited States Government securities-.-do

Gold certificate reserves doLiabilities, total do

Deposits, total.. . doMember-bank reserve balances _ do

Excess reserves (estimated) doFederal Reserve notes in circulation do

Reserve ratio nercent--

375377

2,1291,020

98535

360749

107, 50441, 14566, 359

49, 11625, 058

19023, 73420, 775 .49, 11621, 45319, 391

56924, 148

45. 6

398410

399697

123, 77047, 97175, 799

48, 74024, 427

18623, 55221, 00448, 74020, 86819, 557

49724, 261

46.5

437435

420660

117, 23144, 80272, 428

49, 04624, 734

62423, 23921, 16649, 04620, 94519, 670

49024, 680

46.4

490434

2,1101, 029

99832

429651

129, 54953, 50076, 049

49, 90025, 009

1923, 80121, 46849, 90021, 19220, 056

38925, 064

46.4

492480

408678

123, 05948, 10674, 953

48, 94123, 783

32822, 72921,73148, 94121, 00420, 077

63424, 405

47.9

493517

396718

114,11345, 37568, 738

49, 32323, 904

59822, 52821, 99249, 32321, 33619, 982

72824, 423

48.1

458534

2,1941,0501,021

30377766

125, 26950, 18075, 089

48, 59023, 270

13322, 51422, 11548, 59020, 74619, 733

49224, 371

49.0

422544

357820

124, 66452, 05772, 607

49,21323, 632

67622, 36322, 10649,21321, 17519, 940

79724, 332

48.6

430510

337860

121, 43349, 53571, 898

49, 54924, 152

95222, 27322, 10349, 54921,41219, 778

59124, 567

48.1

416495

2,3131,0741,046

27343896

129, 87054, 92274, 948

48, 93923, 551

5922, 90622, 14348, 93920, 55919, 381-192

24, 82648.8

450539

350908

131, 96057, 05274, 908

50,25224, 821

1,27022, 85322, 14650, 25221, 95220, 323

49524, 843

47.3

454550

352896

110, 57843, 16667, 412

50,49625, 2161,318

23, 14622, 14750, 49622, 05620,411

83525, 119

46.9

454565

2 2971 088l'o62

26369841

123, 88649, 27874,608

50 47924, 747

47723, 69422, 14750, 47921,45520, 066

"33825, 215

47.5

' Revised. * Preliminary. l See note "t" on p. S-13; comparable figure for December 1951, $1.609.fRevised series. See note "t" on p. S-13. *New series. Data beginning 1947 will be shown later.

0 Rate as of October 1, 1952.§Rates as of October 1, 1952: Common labor, $1.817; skilled labor, $2.921.




1951


berDecem-

ber

1952


ber

FINANCE—Continued

BANKING — Continued

Federal Reserve weekly reporting member banks,condition, Wednesday nearest end of month:

Deposits:Demand, adjusted mil. of dolDemand, except interbank:

Individuals, partnerships, and corporationsmil. of dol. .

States and political subdivisions doUnited States Government .- . .do.. -

Time, except interbank, total doIndividuals, partnerships, and corporations

mil. of doL_States and political subdivisions.. _ ..do -

Interbank (demand and time) doInvestments, total do

U. S. Government obligations, direct andguaranteed, total mil. of dol -

Bills.. ._ doCertificates doBonds and guaranteed obligations doNotes do

Other securities. doLoans, total do

Commercial, industrial, and agricultural.- doTo brokers and dealers, in securities doOther loans for purchasing or carrying securities

mil. of doL.Real-estate loans _ .. .. . . doLoans of banks doOther loans do

Money and interest rates :d"Bank rates on business loans:

In 19 cities percentNew York City do7 other northern and eastern cities do11 southern and western cities do

Discount rate (N. Y. F. R. Bank) doFederal intermediate credit bank loans doFederal land bank loans .__ . doOpen market rates, New York City:

Acceptances, prime, bankers', 90 days., do ...Commercial paper, prime, 4-6 months doCall loans, renewal (N. Y. S. E.) doTime loans, 90 days (N. Y. S. E.) doYield on U. S. Govt. securities:

3-nionth bills - _ do ...3-5 year taxable issues do

Savings deposits, balance to credit of depositors:New York State savings banks mil. of dol._U.S. postal savings . do

CONSUMER CREDIT

Total consumer credit, end of month... mil. of dol..Instalment credit, total do

Sale credit, total .. . doAutomobile dealers doDepartment stores and mail-order houses

mil. of dol__Furniture stores .. . do_.Household-appliarice stores doAll other retail stores (incl. jewelry) do

Cash loans, total doCommercial banks . _ do__Credit unions . doIndustrial banks doIndustrial-loan companies doInsured repair and modernization loans

mil. of dol. .Small-loan companies doM iscellaneous lenders _ do. .

Charge accounts doSingle-payment loans do...Service credit . do_.

Consumer instalment loans made during the month,by principal lending institutions:

Commercial banks mil. of dolCredit unions doIndustrial banks ._ _. - - _ do ...Industrial-loan companies doSmall-loan companies - do_.

FEDERAL GOVERNMENT FINANCE

Budget receipts and expenditures:Receipts total mil. of dol

Receipts, net doCustoms ... . . .do _Income and employment taxes doMiscellaneous internal revenue doAll other receipts. . - - ...do

Expenditures total doInterest on public debt doVeterans Administration .-do

50, 533

51, 6963, 3003,747

15, 676

14, 795734

11,34537, 926

31,2122,9342,493

19, 1426, 6436.714

33, 48220, 078

1,242

6925,605

4145 915

3.062 793.063 471.752.644.13

1.632.192.252.38

1.6461.93

11,9152,738

19, 36213,1677,3274,175

1,028870600654

5,8402,524

533296221

8941,203

169

3,6961,4011,098

351784235

183

6,5246,209

425,691

70783

5,163580428

National defense and related activities. _ -do ; 2, 628All other expenditures do ' 1, 527r Revised. P Preliminary. l Beginning April 1, 1952, icf For bond yields see p. S-19.

52, 124

53, 5173, 4652,543

15, 829

14, 958719

11,94838, 565

31,9263, 7483,010

19,2125, 9566, 639

34, 08320, 571

1,077

6845,653

6275, 950

1.752.664.17

1.632.212.252.38

1.6082.00

11,9412,724

19, 58513, 196

7, 3554,134

1,056890607668

5,8412,522

535299222

9041,191

168

3,8681,4131,108

373865240

205

2,7082,635

521,653

885117

5,483497

'4173,166

r 1,403

icludes 13A

53,040

53, 9643.4662,241

15,792

14,915720

11,73738, 772

32, 0823,9492,994

19, 1855, 9546,690

34, 48820, 8651,148

6805,670

6575, 949

1.752.694.17

1.632.252.252.38

1.6082.01

12, 0182,714

19, 98913, 2717,4004,100

1,099908608685

5,8712,509

535299225

9221,211

170

4,1901,4221,106

347834538

228

3, 9513,521

472, 935

805164

5,178173478

3,0151,512

percent n

53. 370

55. 5543. 5822, 225

16,026

15, 152712

13, 51939, 056

32, 2244,1293, 596

18,5315, 9686, 832

35, 16121,419

1,340

6875,658

5646, 028

3.273.013.233.671.752.714.17

1.692.312.382.47

1.7312.09

12, 1752,705

20, 64413, 510

7, 5464,039

1,186971613737

5, 9642,510

542301229

9381,268

176

4,5871,4361,111

354845042

292

5, 5765,279

444,599

823111

5,6271,057

3973,0701,103

ote of Dece

54, 328

54, 7983, 6941, 644

16, 070

15, 176728

11,83439, 260

32,4194,3193,698

18,4565, 9466, 841

34, 75721, 160

969

6675, 669

8226,011

1.752.734.17

1.752.382.452.56

1.6882.08

12,2082,695

20, 12613,3147,3223,962

1,129933592706

5,9922, 521

541300230

9511,273

176

4, 2531,4451,114

393854638

184

5,1534,953

443,944

826339

5, 455228449

3,4141,363

inber 15, 1

52, 683

53, 6463,5992, 545

16, 205

15, 275761

11,48138, 833

31,8923,8553,798

18, 2865, 9536, 941

34, 69321, 157

1,077

6605,652

6915, 999

1.752.734.17

1.752.382.382.56

1. 5742.07

12, 2672,681

19,71713,1857,1583,927

1,082909567673

6,0272,542

545301232

9561,275

176

3, 9671,4481,117

373914637

181

6,1945,553

435,258

80588

5, 105142396

3,1551,412

;)55, and 2J-

51, 162

51,7293,7103,666

16,318

15, 385764

12, 04238,316

31, 1633,4153,611

18, 2205,9177,153

34, 79521, 172

1,278

6775, 657

5406, 021

3 453.233.473 791.752.734.17

1.752.382.382.56

1. 6582.02

12,3822,669

19, 56513,1567,0473,891

1,060893548655

6,1092,593

553303235

9631,285

177

3,8551,4431,111

429955241

216

10, 8009,886

449,816

825115

5,704689404

3, 4251,186

2 percent t

52, 303

52, 9134,0703,184

16, 383

15, 444767

10, 99838, 563

31, 4563,6243,684

18, 2745,8747,107

34, 77020, 796

1,695

6605,674

4386,056

1.752.734.17

1.752.352.382.56

1.623i 1.93

12, 4382,651

19, 78813, 3197,0993,946

1,064894541654

6,2202,642

568307239

9831,302

179

3,9131,4371,119

4291035039

211

5,1874,323

474,186

849105

6,016350367

3,7751,523

ond of Ma

52, 863

53, 1524,0212,917

16, 509

15, 554780

10, 89538, 983

31,7193,5443,728

18, 5245,9237, 264

34, 86320, 5301,885

6595, 690

4636, 187

1.752.734.17

1.752.312.382.56

1.7101.95

12, 5312,633

20, 29313, 8067,4214,171

1,101924551674

6,3852,726

589319246

1,0041,320

181

3,9211,4311,135

4791165244

236

4,6883,809

453,663

828152

5,659172359

3, 7911,337

rch 15, 195(

51, 708

52, 8183,7056, 914

16, 631

15, 689763

11,99041,019

33, 5823,7343, 885

20, 0165,9477, 437

36, 47220, 567

2,792

7895,726

7596,393

3.513.273.463 901.752.734.17

1.752.312.382.56

1.7002.04

12, 678' 2, 617

20, 96114, 4097,8204,446

1,132954588700

6,5892,838

614330254

1,0241, 346

183

3,9801,4351,137

497122

5644

248

10, 2209,796

459,147

845183

6,9301,518

3613,6991,353 i

>-58.

52, 766

53, 1893,6984,793

16, 651

15, 687779

11,27440, 800

33, 2673,3133,700

20, 2885,9667,533

35,31520, 5811,988

7175, 764

3866,436

1.752.724.17

1.752.312.382.56

1.8242.14

12, 730P 2, 601

r 21, 213r 14, 745

r 8, 039r 4, 597

1,142974612714

r 6, 7062,892

631341259

r 1, 0321,366

185

3,891T 1, 443

1,134

4731135342

238

3,6493,316

482,464

949188

6,742320401

3,8842,137

' 52, 275

53, 2533, 5583,144

16, 706

15, 751765

' 11,965r 39, 503

'31,932r 2, 582' 3,211

«• 20, 149r 5, 990r 7,571

r 35. 685' 21, 017

r 1,461

7 792' 5, 824

r 614r 6, 537

1.752.714.17

1.752.312.572.61

1.8762.29

12, 786v 2, 587

P 21, 436p 14, 940* 8, 149P 4, 634

P 1,166P995P625P729

v 6, 791p 2. 931

v 647P346P263

P 1, 040p 1,377

v 187

' 3, 902v 1, 458P 1,136

M18P105

P 50Ml

»211

4,5854,050

473,546

862130

5,018183362

2,9711,502

52,317

53, 8353, 5153,561

16, 829

15,883756

12, 26139, 093

31, 5792,5132, 617

20, 1216, 3287,514

36, 68021, 6711,416

7675,890

8266,670

3.493 293.443 841. 752.714.17

1.752.312.632.63

1. 7862.28

12, 896» 2, 572

v 21, 656v 15, 188

p 8, 324* 4, 699

* 1,214v 1,012

»647' 752

v 6, 864v 2, 970

"662P352P264

P 1, 049P 1, 374

p 193

p 3, 839P 1, 481P 1, 148

P423P 102

P 51p40

»195

6,8756,585

525,834

877112

6,070559353

4,0081,150


November 1952 SUKVEY OF CURRENT BUSINESS S-17


1951


berDecem-

ber

1952


ber

FINANCE—Continued

FEDERAL GOVERNMENT FINANCE— Con.

Public debt and guaranteed obligations:Gross debt (direct), end of month, total

mil. of doL_Interest-bearing, total ._ do

Public issues doSpecial issues do

Non interest bearing _ _ _ doObligations guaranteed by U. S. Government,

end of month mil. of doL_U. S. Savings bonds:

Amount outstanding, end of month doSales, series E, F, and G doRedemptions do

Government corporations and credit agencies:Assets, except interagcncy, total mil. of dol

Loans receivable, total (less reserves) doTo aid agriculture doTo aid home owners. _ . _ _ doTo aid railroads doTo aid other industries. ._ _ _ doTo aid banks doTo aid other financial institutions doForeign loans doAll other do

Commodities supplies and materials doU S Government securities doOther securities doLand, structures, and equipment doAll other assets do

Liabilities, except interarency, total doBonds, notes, and debentures:

Guaranteed by the United States doOther do

Other liabilities do

Privately owned interest doU. S. Government interest do

Reconstruction Finance Corporation, loans andsecurities (at cost) outstanding, end of month,totald" niil of dol

Industrial and commercial enterprises, includingnational deicnsecf mil of dol

Financial institutions. doRailroads doStates, territories, and political subdivisions. doRepublic of the Philippines. do _ _Mortgages purchased doOther loans _ _ _ . . _ do

LIFE INSURANCE

Assets, admitted:All companies (Institute of Life Insurance), esti-

mated total t „ .. mil. of dol_ _Securities and mortgages! do

49 companies (Life Insurance Association ofAmerica) total mil. of dol

Bonds and stocks, book value, total _ doGovt. (domestic and foreign), total do

U. S. Government do _Public utility doRailroad __ _ do .Other do

Cash _ do. __Mortgage loans, total do

Farm _ do __Other do

"Policy loans and prom in m nofos doReal-estate holdings doOther admitted assets _ . _ _ . _ do ...

Life Insurance Agency Management Association:Insurance written (new paid-for insurance):

Value estimated total § mil of dolGroup § doIndustrial! doOrdinary, total _ . _ _ _ .do ...

New England doMiddle Atlantic doEast North Central _ . _. ... do . _ _West North Central _ _ _ do . .South Atlantic doEast South Central . doWest South Central doMountain doPacific .- - - _ . do

Institute of Life Insurance:Payments to policyholders and beneficiaries,

estimated total thous. of dol_.Death claim payments .- doMatured endowments _ _ . . . . . do...Disability payments doAnnuity payments . . _ ._. do_ ._Surrender values doPolicy dividends . . do. _

257, 353254, 958219, 32135, 6372,395

33

57, 662272390

25, 66813 9063, 8961, 981

104494

0)755

6, 1 837°0

1 5152 2363 47*>3, 0251,514

2,383

341,399

949

32222, 962

844

45592

10218608037

66, 77759, 961

58, 97537, 65212,32610.05010, 5873, 065

11, 675721

15, 5181.319

14, 1982, 175r 1 3791,531

1, 923189449

1, 28581

28428411815554

11647

145

288. 393122. 33835, 119

7.45326, 48342, 85554. 145

258, 298255, 940220, 32535,6152,359

37

57, 666334410

842

45192

10218608040

67, 18160, 347

59, 28237, 77612, 2299,956

10, 6473, 088

11,812735

15, 6761,330

14. 3472, 1821 4011,511

2 256226481

1,54910434733613219575

13254

174

327, 648147, 05940, 3778,605

29. 54551, t6550. 097

259, 604257, 253221,39135, 8622, 351

43

57, 710315364

844

45291

10218607942

67, 47660, 514

59. 55637, 75912, 0609,829

10. 7033,111

11.885851

15, 8511.338

14. 5122, 1901 4081,497

2,398398453

1, 5471C235732813918476

12854

177

315. 371136, 82542, 4488,311

30, 56046, 76950. 458

259. 419257, 070221, 16835, 9022,348

42

57, 739296401

26, 74414 4224, 1612 142

101488

(i)814

6,110779

1 4612 ?2f>3 4633, 35S1,813

2, 573

431,3691,161

32923, 842

831

447849919607844

67, 98360, 919

59, 99937, 94611,8719, 657

10, 7813, 134

12, 160848

16, 0271,350

14, 6762, 1931 4261,559

2,478477436

1.56510133333315219968

13860

181

364, 248141, 62137, 549

7,98827, 98747, 712

101.391

259, 775257, 482221 , 24936, 2332,294

38

57, 809440492

816

439799919577845

6.8, 55461, 385

60, 35038. 05611.7679, 561

10, 8143, 150

12, 326924

16, 1851, 357

14, 8282, 1991 4321,554

2 031191382

1,45810233331412616660

14952

156

389, 502167. 99546, 5609,887

38, 29452, 77473. 992

260, 362258,136221, 77636, 3602,226

37

57, 821338410

803

433769618577745

68, 90761, 734

60. 64038, 18711,7069,514

1C, 8463,164

12, 470851

16, 3361 375

14, 9612, 2061 4451,615

2, 179244454

1,48199

32933312917961

14053

160

329, 638148, 93438, 9848,273

28. 81950, 64853. 980

258, 084255, 794219, 30136, 4932,290

41

57, 814330428

26, 85814 4224, 2392, 363

98473

(i)597

6, 096731

2 4223 4513, 4061,835

2,499

381,2141, 247

34924, 010

800

432739619577746

69, 25062, 125

60, 93838. 38511, 5889, 436

10, 9093.182

12, 706785

16, 4591,388

15, 0712,2171 4641,628

2,495246530

1,719113384363144207

7217869

190

366, 424155, 85141, 7388,351

30, 82657, 16972, 489

258, 292256, 102219, 35636, 7462,191

44

57, 772313437

795

430719519577646

69, 60462, 500

61, 23738, 58711. 5469,409

10, 9613, 185

12, 895773

16. 5831, 406

15, 1762.2261 4711,597

2.571339497

1,73511540636714220969

16863

197

344, 261149. 38838. Ill8,666

30, 67158, 47358. 952

259, 905257, 739220, 54037, 1982,167

45

57, 739292422

778

420689516577646

69, 95962, 789

61, 54738, 69211,2759,151

11,0303. 196

13, 190780

16, 7191, 423

15, 2962, 2361 4831,637

2,803582537

1,684111388349147205

6716164

191

336, 714150, 65637, 4798,367

29. 17555, 89555, 142

259, 105256, 863219,12437, 7392,242

46

57, 807364431

27. 93315 913

4 0582,387

85464

(i)653

7 617801

1 3109 3043' 4383. 1861 683

o 472

441 2281 POO

35725 104

754

425558316547546

70 33463 083

61 85738, 78011,0968,989

11 0663,238

13 380847

16, 8521, 439

15 4132 2461 4981,633

2 589'442464

1,68311338235514820369

16160

192

339, 822148, 98035, 1268 651

31, 17750 45365. 435

263, 073260, 908222, 96337, 9452,165

34

57, 827367467

751

424548216547447

70, 77463, 590

62, 20139, 07911, 1349.007

11, 1093, 251

13, 585750

16, 9761.454

15, 5212,2541 5101,634

2,442351420

1,67111537735814819867

15662

189

338, 501154, 50633, 8098,845

31,20052, 94757. 194

263, 186261,060222, 75338, 3072,125

39

57, 868356399

753

427538216547447

71, 12363, 855

62, 49539, 18411,1319,025

11,1843,253

13,615758

17, 0821, 463

15,6192 2621 ,5201,688

2 319312442

1, 56599

334336141190

6415461

187

318, 461145, 94431, 5848,229

29, 88647 97854. 840

262. 682260, 577222,21638, 360

2,105

40

57, 871330416

769

444538216547347

71 57864 205

62 80839 31011,1279 044

11 2123 281

13 690820

17, 1881 471

15 7172 270

1 694

44fl

1 KQA

322, 636146, 41034, 4008,253

28, 53248, 76856. 273

' Revised. i Less than $500,000.cf Includes loans under the Defense Production Act of 1950.% Revisions for January-July 1950 are shown in corresponding note in the October 1951 SURVEY.§ Revisions, available upon request, are as follows: Total insurance written, January 1949-January 1951; group, January 1950-January 1951; industrial, 1949.


S-18 SUKVEY OF CURRENT BUSINESS November 1952


1951


berDecem-

ber

1952


ber

FINANCE—Continued

LIFE INSURANCE— Continued

Life Insurance Association of America:Premium income (39 cos.), total.. -thous. of dol._

Accident and health doAnnuities _ _ -doGroup _ . __ _ - _- _ doIndustrial doOrdinary do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U. S mil. of dolNet release from earmark § thous. of do l__Exports doImports doProduction, reported monthly total do

Africa doCanada doUnited States do

Silver:Exports doImports _ do _Price at New York _dol. per fine oz_.Production:

Canada thous of fine ozMêxico doUnited States do

Money supply:Currency in circulation mil. of dolDeposits and currency, total do

Foreign banks deposits, net doU. S. Government balances . . do. -Deposits (adjusted) and currency, total__.do

Demand deposits, adjusted do_Time deposits doCurrency outside banks do

Turn-over of demand deposits except interbank andU. S. Government, annual rate:

New York Citv ratio of debits to depositsOther leading cities do

PROFITS AND DIVIDENDS (QUARTERLY)

Manufacturing corporations (Federal Reserve):!Profits after taxes, total (200 corps ) mi] of dol

Durable goods total (106 corps ) doPrimary metals and products (39 corps.) doMachinerv (27 corps ) doAutomobiles and equipment (15 corps ) do

Nondurable goods total (94 corps ) doFood and kindred products (28 corps ) doChemicalsand allied products (26corp^ ) doPetroleum refining (14 corps ) do

Dividends total (200 corps ) doDurable goods (106 corps ) doNondurable goods (94 corps ) do

Electric utilities, profits after taxes (Fed. Res.)tmil of dol

Railways and telephone cos. (see p. S-23).

SECURITIES ISSUED

Commercial and Financial Chronicle:Securities issued, by type of security, total (new

capital and refunding) mil. of dolNew capital, totaL-- - do

Domestic, total -doCorporate doFederal agencies doMunicipal, State, etc - - - -do

Foreign doRefunding, total do

Domestic, total __ ... -do, _.Corporate - .-do. _Federal agencies doMunicipal State etc do

Securities and Exchange Commission:!Estimated gross proceeds, total do

By type of security:Bonds and notes, total do

Corporate _ - ...do. __Common stock doPreferred stock _ do...

By type of issuer:Corporate, total do_ .

Manufacturing _ . lo.Puhlic utility loRailroad lo_Communication doReal estate and financial d o _ _

Noncorporate total loU. S. Government doState and municipal do

508, 39348, 73060, 247

r 37, 411r 77 844

r 284, 161

22, 013176, 654

3 46214,34163 25237, 81912 5646 100

6784, 807.902

1 8966 5622, 585

28, 288187, 300

2 2007,200

177, 90092, 00060, 50025, 400

31 721.8

76242817673

142334

46111127

475273203

168

r 1, 075i '881

«• 731M27

40265

5019419420

170A.

1,619

1, 5543243135

390160128308

151,230

765269

519, 29656, 99061, 95545, 51872, 254

282, 579

22, 233243, 38126, 3267,896

r 66 06938, 64613 2436,330

2506,975.881

1 9834 4933,079

28,417189, 200

2 1005, 500

181, 60095, 00060, 90025, 700

30 420.9

1,288966937463107368

29322322

1628818

1,789

1, 555422106127

655314201

181663

1, 134651397

526, 03159, 73773, 78541, 15160, 787

290, 571

22, 382188, 370

9, 3667,302

r 63,31638, 21413 0335, 415

886,284.880

1,9773 4143,134

28, 809190,500

2, 1005, 600

182, 70096, 30060, 60025, 800

31 422 0

976836815517

0297

2214014047894

1,638

1, 368403105166

673220267

763715

965655302

743, 46571, 169

148, 52248, 449

115, 161360, 164

22, 695289, 861

2,3758, 800

r 62 38837, 77313 1604, 850

893, 656. 880

1 9685 5473, 219

29, 206193, 404

2 2795, 141

185, 98498, 23461,44726, 303

37.922.6

932565217123185368

52125148

567325242

226

1, 0938838385G2

()276

4521120583

10219

1, 780

1, 545636132104

871487260232624

909601296

549, 11853, 54190, 14460, 16463, 880

281,389

22, 951137, 45213, 22376, 86462 52738, 74112 4104, 962

1576, 125.880

1 7883 3383, 766

28 386191,600

2. 1004, 300

185, 20097, 90061,70025, 600

30 J20.6

1, 23293092954139

3491

302302

1071

221

2,194

2, 0634744883

605354186

172

151,5891, 024

565

540, 74258, 39272, 42547,21166, 827

295, 887

23, 190152, 21917, 805

168, 12961, 02436, 60212 3434,848

5136,177.880

2,0162 6053,430

28, 465191,500

2. 2005 900

183, 40095, 70062, 00025, 600

32.521.4

85569766734636

28530

15815874768

1,698

1,534314154

10

478291112293

131, 220

967222

647, 57563, 83184, 83352, 94187, 382

358, 588

23, 290-103,092

1,473158, 600

38, 83012 7654,647

1428,126.880

2,0815 3183,854

28, 473192, 300

2, 2007, 100

182, 90094, 80062, 40025, 700

34 022.0

81550122081

17031440

108129

482273210

257

1,2201,139

99481238

144145818113634

1, 649

1,42574816163

972373400

126

20677515145

520, 59761, 47465, 07746, 67762, 142

285, 227

23, 297-75,357

1,31397, 932

38, 55712 7104,961

5874,678.880

2, 5294 7684,043

28, 464192, 200

2,2006, 300

183, 80095, 10062, 70025, 900

34.421.1

1, 5761, 2731,237

70480

45236

30329940

2572

2,336

2,13977113561

967353271344857

1,368722397

583, 17265, 44865, 71846, 68385, 525

319, 798

23, 29627, 0842,824

30, 060

40, 03312 8065, 147

1, 5354, 680.854

2,2463 1993,273

28, 767192, 900

2, 3006, 300

184. 40095, 30063, 00026, 000

34.321.3

1,584i 1, 278

1, 109677

5637611930630615114411

2,494

2,24887016382

1,1165702811202640

1,378928396

617, 89060, 83671, 29346, 79088, 711

350, 260

23, 34619, 2663,445

40, 051

38, 73912, 4755,461

2155, 038.828

1, 7643 9763,292

29, 026r 194, 960

r 2, 319r 7. 737

*• 184, 904r 94, 754* 63, 676r 26, 474

38 622.2

622337

2982

18928542

105111

4762699Q5

214

1,4091, 2511,239

58738

61511

158155

314111

2,452

2, 25565211284

848291355

522970

1, 603978624

550, 76062, 43086, 20952, 22156, 801

293, 099

23, 350-31,394

1,58026, 047

13 1126, 403

2365, 733.829

1,7703 8583,307

28, 978v 197, 200

p 2, 600v 8, 900

v 185, 800P 95, 700P 63, 800P 26, 200

35 120.7

1,5191,3931,3811,137

20224

1212612650742

6,325

6, 1351,010

15733

1,200333222

46494

645,1254,898

226

560, 43565, 30767, 39243, 68779, 894

304, 155

23, 344-32, 620

2,8615,947

6,498

2164.877.833

2,272

29, 293*> 197, 000

P 2, 600P 8. 200

P 186, 200P 95, 800P 64, 100P 26, 300

31.420.2

810461461202

56203

0349349153188

7

1,096

1,017273

5029

35298

104952011

745544201

594, 06666, 23769, 00847, 49185, 313

326, 017

23. 342—13, 776

1,24434, 590

3824,499.833

3,235

29, 419P 197. 900

P 2. 500P 8,000

P 187,400P 96, 400P 64, 500P 26, 600

34. 621.5

962808800363

0437

9154154

72792

1,339

1,2573814537

463187171121926

876444428

r Revised. P Preliminary. l Includes International Bank securities not shown separately.§0r increase in earmarked gold (—).tRevisions for 1939—1st quarter of 1951 for manufacturing corporations and electric utilities and for January-March 1951 for SEC data will be shown later.


November 1952 SURVEY OF CUKKENT BUSINESS S-19


1951


berDecem-

ber

1952


ber

FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commission:}:— ContinuedNew corporate security issues:

Estimated net proceeds, total mil. of dol_.Proposed uses of proceeds:

New money, total _ doPlant and equipment __do_ _Working capital do

Retirement of debt and stock, total.- doFunded debt doOther debt doPreferred stock __do

Other purposes doProposed uses by major groups:

Manufacturing, total _ _ -_ doNew money doRetirement of debt and stock do

Public utility, total do_ _New money doRetirement of debt and stock do

Railroad total doNew money doRetirement of debt and stock do

Communication, total _ _ doN e w money _ _ _ _ _ _ _ _ _ _ _ d o _ _Retirement of debt and stock do

Real estate and financial, total ._ do _New money doRetirement of debt and stock . do

State and municipal issues (Bond Buyer):Long-term thous. of dolShort-term _ _ _ _ _ d o

COMMODITY MARKETS

Volume of trading in grain futures:Corn mil. of bu_.Wheat do

SECURITY MARKETS

Brokers' Balances (N. Y. S. E. MembersCarrying Margin Accounts)

Cash on hand and in banks mil of dolCustomers' debit balances (net) . -doCustomers' free credit balances _ do _ _Monev borrowed do

BondsPrices:

Average price of all listed bonds (N. Y. S. E.),total§ dollars __

Domestic doForeign do

Standard and Poor's Corporation:Industrial, utility, and railroad (Al+issues):

Composite (17 bonds) dol. per $100 bond._Domestic municipal (15 bonds) do

IT S Treasury bonds, taxable doSales:

Total, excluding U. S. Government bonds:All registered exchanges:

Market value thous. of dol._Face value do

New York Stock Exchange:IVIarket value doFace value do

New York Stock Exchange, exclusive of stoppedsales face value, total§ thous. of dol

TJ. S. Government doOther than U. S. Government, total § do

Domestic -- do__ _Foreign do

Value, issues listed on N. Y. S. E.:Market value, total, all issues§ mil. of dol._

Domestic _ _ do _ _Foreign do

Face value, total, all issues § _ _ doDomestic do __Foreign do

Yields:Domestic corporate (Moody's) percent. _

By ratings:Aaa doAa _ do__ _A doBaa _ -_ do

By groups:Industrial - doPublic utility doRailroad do

Domestic municipal:Bond Buyer (20 bonds) doStandard and Poor's Corp. (15 bonds) _ _ _ d o

U S Treasury bonds, taxable dor Revised. i Less than $500,000. 2 Beginni

381

3432865833181505

15614214

127124

330300880

14113

249, 43436, 315

249308

1,290843640

98.7299.2272.93

118.0132.099.10

54, 07562, 621

52, 56060, 534

56, 2110

56, 21149, 9606,192

97, 92596, 2901,347

99, 19797, 0501,847

3.08

2.842. 883.153.46

2.893.093.27

2.052.052.56

ng April 1

639

5484041446510532

26

30626341

1971781818162

1515

0)62482

381, 580191, 104

220340

1,291853653

98.2998.7873.00

116.9131.398.22

66, 53379, 818

64, 60975, 600

67, 29110

67, 28158, 3508,867

97, 51195, 8761,345

99, 20697, 0631,843

3.13

2.892.933.183.50

2.933.143.31

2.042.082.61

1952, serie

660

570488837242291

18

21418030

262251117661153737

C)14111

299, 109210, 915

286454

1,279805649

97.8298.3072.65

115.3131.697.52

47, 05256, 942

45, 27553, 328

48, 5590

48, 55941, 8956,613

97, 15195, 4271, 339

99, 31897, 0751,843

3.20

2.963.023.263.56

2.973.213.42

2.072.072.66

s based on

856

771682905542112

29

48042834

2552401522220

25241

23183

265, 503215, 196

242380

3781,292

816695

97.4397.9272.44

114.8130.996.85

58, 37671, 347

56, 02667, 670

60, 5253

60, 52254, 3256,079

95, 63493, 9201,332

98, 15895, 9201,839

3.25

3.013.063.313.61

3.003.243.50

2.112.102.70

taxable b<

595

559487

72238

150

13

34933111

184177

71717022

0)14111

574, 69493, 863

248338

1,289809633

98.0198.4973.48

115.6130.896.27

63, 22975, 892

60, 80272, 524

66, 97168

66, 90359, 3897,390

96, 26994, 5371,349

98, 22195, 9851,836

3.24

2.983.053.323.59

3.003.233.48

2.082.102.74

mds due o

469

41327813449351317

28523843

110107

329290330

1312

0)

303, 614156, 037

220304

1,280790652

97.8398.3073.39

116.5132.196.77

51,33261, 626

49, 29858, 610

49, 1090

49, 10942, 9126,174

96, 15894, 4311,344

98, 29296, 0601,832

3.18

2.933.013.253.53

2.973.193.38

2.072.042.71

r callable i

954

875655221601545

0)19

366336

20393365281212066

C1)20152

150, 618200, 194

191286

1,293756734

98.2698.7573.07

115.9'131.4

96.87

51,11359, 745

49, 64057, 821

58, 12330

58, 09352, 1905,858

96, 69994, 9781,338

98,41596, 1831,831

3.19

2.963.033.243.51

2.993.213.36

2.052.072.70

n 12 years

951

844613232839

703

24

35032915

265256

734340

47453

56550

456, 005172, 674

219364

1,315756818

98.8799.3673.75

116.2132.7

2 97. 95

59, 01471, 124

57, 45667, 299

61, 6240

61, 62455, 6215,918

97, 35595, 6251,347

98, 46696, 2391,827

3.16

2.933.013.203.50

2.973.193.32

2.032.01

22.64

and over; ]

1,097

9257351891631263809

55950256

27625620

119417826260

40345

406, 484232, 726

198286

1,312725847

98.8299. 3173.70

116.3131.998.91

61, 10472, 093

59, 63269, 663

59, 3230

59, 32353, 3215,933

97, 31195, 5831,345

98, 47496, 2491,825

3.16

2.933.003.203.49

2.973.193.31

2.102.052.57

arior therel

836

74755319484384605

28725531

3493311751163529290

70680

637, 232120, 022

229378

3651,327

708912

98.6199.1073.69

r 116. 1130.998.32

r 52, 964r 62, 057

51, 43259, 968

62, 0550

62, 05555, 5806,410

95, 96494, 2381,343

97,31595, 0921,823

3.17

2.943.033.203.50

2.983.203.32

2.152.102.61

o, 15 years

1,182

1,13197116144321207

32730719

216214

146460

491491

0623723

245, 344266, 630

233461

1,387692

1, 126

98.4398.8875.52

116.0130.498.40

51, 58558, 329

50, 21056, 686

62, 2420

62, 24255, 5736,544

100, 27398, 4011,439

101, 87199, 5161,905

3.17

2.953.043.193.50

2.993.203.33

2.152.122.61

and over.

344

21816653

117107

459

956424

102993

94108519190

1063

»• 211, 533' 232, 288

233349

1,338675926

98.1498. 5776.12

115.8128.697. 09

100, 320r 101, 867

98, 41699, 742

59, 1360

59, 13652, 7936,269

100, 53798, 6561,448

102, 444100, 091

1,902

3.18

2.943.063.213.51

3.003.203.34

2.282.222.70

456

3862889863451437

18513153

168165

012120

18180)25168

428, 08248, 555

210250

1,333692891

97.4697.8776.11

115.7126.696.86

56, 23761, 325

54, 11358, 855

61, 1270

61, 12753, 6247,395

99, 71297, 8381,447

102,31599, 9631,902

3.19

2.953.073.223.52

3.023.203.36

2.342.332.71

JRevisions for January-March 1951 will be shown later. > * * * i - *.- • t§Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included also in computing average price of

all listed bonds.


S-20 SURVEY OF CUEEENT BUSINESS November 1952


1951


berDecem-

ber

1952


ber

FINANCE—Continued

SECURITY MARKETS— Continued

Stocks

Cash dividend payments publicly reported :JTotal dividend payments mil. of doL_

Finance __ _ _ _ d oManufacturing doMining __ _ doPublic utilities:

Communications _ .- do _.Heat, light, and power do

Railroad doTrade doMiscellaneous do

Dividend rates, prices, yields, and earnings, 200common stocks (Moody 's):

Dividends per share, annual rate (200 stocks)dollars. _

Industrial (125 stocks) doPublic utilitv (24 stocks) .- doRailroad (25 stocks) _ _ do__Bank (15 stocks) doInsurance (10 stocks) . _ . __ do

Price per share, end of month (200 stocks). .doIndustrial (125 stocks) doPublic utility (24 stocks) doRailroad (25 stocks) do

Yield (200 stocks) _ ._ percentIndustrial (125 stocks) doPublic utility (24 stocks) do _Railroad (25 stocks) _ _ . do _ _Bank (15 stocks) doInsurance (10 stocks) _ _ _ ___ do _

Earnings per share (at annual rate), quarterly:Industrial (125 stocks) dollarsPublic utility (24 stocks) doRailroad (25 stocks) do

Dividend yields, preferred stocks, 11 high-grade(Standard and Poor's Corp.) percent- -

Prices:Dow-Jones & Co., Inc. (65 stocks) _dol. per share--

Industrial (30 stocks) - --- - do_Public utility (15 stocks) doRailroad (20 stocks) _- _ _ - - do-_

Standard and Poor's Corporation:Industrial, public utility, and railroad :§

Combined index (480 stocks) _ . _ 1935-39= TOO- _Industrial, total (420 stocks) do __

Capital goods (129 stocks) doConsumers' goods (195 stocks)-- do __

Public utility (40 stocks) _ _ _ d o _ _ _Railroad (20 stocks) do

Banks, N. Y. C. (16 stocks) doFire and marine insurance (17 stocks) do

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Market value mil. of dolShares sold • thousands

On New York Stock Exchange:Market value mil. of dol _Shares sold thousands

Exclusive of odd lot and stopped sales(N.Y. Times) thousands..

Shares listed, New York Stock Exchange:Market value, all listed shares mil. of del--Number of shares listed millions

1, 148. 481.1

761.292.2

40.066.035.950.421.6

4.124.471.902.552.632.73

69.7374.0932.8741. 57

5.916.035.786.134.703.28

6.362 444.71

4.16

98.11273. 3645.4083.91

187.3205.2197. 1172.9115.8152.8108.0199.0

1, 70766, 385

1,44548, 204

36, 395

108, 9112,581

533.9104.5213.4

7.3

82.356.213.042.015.2

4.094.431.902.552.632.73

67. 9772.0732.9439.79

6.026.155.776.414.773.44

4.19

97.82269. 7346.0484.25

185.0202.3193.3171.4115.2154.7106.4191.0

2,04585 294

1,71460, 208

42, 531

106, 4392,592

243.353.4

113.71.7

.749.410.98.25.3

3.924.191.902.582.632.73

67.8071.4833.2639. 97

5.785.865.716.454.643.47

4.23

94.44259. 6146.2279.73

177.7193.3182.6164.6114.7144.2109.0186.3

1,41365 122

1,19647, 449

25, 677

106, 3092,604

1, 819. 6212.6

1, 134. 4152.1

41.780.969.680.947.4

3.884.131.902.552.642.84

69.9474.2433.8540.00

5.555.565.616.384.453.47

8.092 44

12.94

4.28

96.73266. 0946.7282.30

182.5199.1189.4167.6115.5150. 5110.2192.0

1,50163 170

1,27944, 886

30, 083

109, 4842,616

505.7107.4169.6

4.7

83.453.217.856.812.8

3.924.181.902.552.642.84

70.9075.0934.4242.26

5.535.575.526.034.413.38

4.26

99.39271. 7148.6184.81

r 186. 9204.3192.4169.2117.0155.4115.4197.6

1,92271 188

1,61849, 431

37, 141

111, 5802 627

181.442.364.42.3

.746.37.1

15.03.3

3.924 181.892.642 642.84

68.3972.0034 4141.59

5.735 815 496.354 503.41

4.22

98.31265. 1948 8785.05

183.2r 199. 2

184 7r 165 9

117.5155 0114.5196 9

1 59862 651

1,35142 296

27,195

108, 4712 634

1, 202. 175.9

813. 597.6

25.574.251.639.824.0

3.924 191.912.652 602.84

71.3575.6334 7345 28

5.495 545 505.854 413.37

6 682 475 61

4.16

100. 02264. 4849 8089.55

«• 185. 3201.4184 4167 2117.7161 3113.3199 6

1 45164 450

1,21943 464

29, 513

113, 0992 644

533.593.0

195.28.2

89.857.624.153.911.7

3.944.211.912.652.602.84

68.2971.7333.9743.80

5.775.875.626.054.583.41

4.07

100. 24262. 5549.1392.19

r 183. 7199.4180 7166.3116.7164 6110.9198.4

1,64766 676

1,37341, 601

28, 963

107, 8482 661

233.544.8

117.73.4

.848.63.3

10.44.5

3.954.221.912.672.632.84

69.9673.5934. 5745.49

5.655.735.535.874.573.30

4.04

100. 87261. 6149.2994.61

183.7199.2181.7166.1117.1166.9111.1203.7

1,26259 431

1,07743 060

23, 586

110, 6902 691

1, 176. 479.8

754.097.6

42.476.255.845.625.0

3.964.221.912.692.642.88

72.6177.0134.6547.68

5.455.485.515.644.563.18

6.502 495 75

4.04

104. 26268. 3949.81

100. 30

187.6203.9186.9168.8116.2173.7111.6211.7

r 1, 285r 56 845

1,09842 325

25, 516

114, 4892 706

541.7127.0198.5

6.8

88.955.912.438.713.5

3.964.221.912.692.642.88

73.4778.0135 0947.97

5.395 415.445.614.523.21

4.09

106. 25276. 0449 86

101. 85

192.1209.7192 7173 5116.9175 2112.8215 4

1 31761 433

1,12245 916

24, 115

115, 8252 728

230.850.3

106.13.3

.849.16.4

10.44.4

3.964 221.922.712 642.87

72.5776 5236 1547 70

5 465 515 315 684 393.15

4.12

107. 10276 70

50 75102 95

191.1207 8191 4174 8118 6175 3114.7215 4

1 15441 576

97829 433

20, 905

114, 5062 736

1, 158. 377.7

754 995.0

42.075 742.447 123 5

3.954 201 922 812 682 87

71.0974 5836 3446 57

5 565 635 286 034 233 18

4.12

105.29272 40

50 30100 43

188.2204 2187 6172 8118 5171 1117 6214 5

1 19848 989

1 01235 165

24 135

112, 6332 769

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES

BALANCE OF PAYMENTS (QUARTERLY)

Exports of goods and services, total -mil. of dolMerchandise, adjusted. _ _. - _ _ d oIncome on investments abroad _ do_ __Other services do

Imports of goods and services, total. _ do _ _Merchandise adjusted doIncome on foreign investments in U. S doOther services do

Balance on goods and services do

Unilateral transfers (net) , total doPrivate doGovernment _ _ - - - do

TJ. S. long- and short-term capital (net), total, do _ _Private doGovernment - do_ _

Foreign long- and short-term capital (net) do

Increase (— ) or decrease (+) in U. S. gold stockmil. of dol.

Errors and omissions do

5,0473,849

459739

3,6712,677

90904

+1, 376

-1,218-90

-1, 128

-37-10-27

—2

-292

+173

5,5204,130

670720

3,5932 645

111837

+1,927

-1,204-114

-1,090

-502—422-80

+404

-709

+84

5 3104,167

422721

3,8702 968

89813

+1,440

-916—96

—820

-375—235— 140

+173

—551

+229

5,2444,093

457694

3,8362 841

99896

+1, 408

— 1,318—97

—1, 221

-693—485—208

+489

-104

+218r Revised. *> Preliminary.^Revisions for dividend payments for January-March 1951 will be shown later.§Number of stocks represents number currently used; the change in the number does not affect the continuity of series.


November 1952 SUEVEY OF CURRENT BUSINESS S-21


1951


berDecem-

ber

1952


ber

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued

FOREIGN TRADE

Indexes

Exports of U. S. merchandise:Quantity 1936-38 = 100Value doUnit value _ ._ .do

Imports for consumption:Quantity doValue -- -- do _Unit value do

Agricultural products, quantity:Exports, domestic, total:

Unadjusted 1924-29 = 100._Adjusted do

Total, excluding cotton:Unadjusted doAdjusted do__

Imports for consumption:Unadjusted _ doAdjusted do

Shipping Weight

Water-borne trade:Exports incl reexports 1 thous of long tonsGeneral imports do

Value

Exports including" reexports, total H mil. ofdolBy geographic regions:

Africa thous. of dolAsia and Oceania doEurope _ _ _ _ do _ _Northern North America doSouthern North America _ doSouth America do

Total exports by leading countries:Africa:

Egypt -- -- doUnion of South Africa do

Asia and Oceania:Australia, including New Guinea __ do__British Malaya doChinaO d o _ _India and Pakistan doJapan - do _Indonesia doRepublic of the Philippines _ _ do_

Europe:France - - -- -do _ .Germany doItaly - -- - - -do _Union of Soviet Socialist Republics doUnited Kingdom - -do -

North and South America:Canada do _Latin- American Republics, total do _ _

Argentina doBrazil _ - do_Chile doColombia - __ _ _ -do _Cuba doMexico - -- - doVenezuela do

Exports of U. S. merchandise, totalf _ mil. of doLBy economic classes:

Crude materials thous. of dolCrude foodstuffs doManufactured foodstuffs and beverages doSemimanufactures 9 ~ -- doFinished manufactures 9 do

By principal commodities:Agricultural products, total _ _ _ _ do

Cotton unmanufactured doFruits vegetables and preparations doGrains and preparations do _Packing-house products doTobacco and manufactures* _ do

Nonagricultural products total doAutomobiles, parts, and accessories §cf do _ _Chemicals and related productscT do _Coal and related fuels* - _ . _ _. doIron and steel-mill products do__ _

Machinery, total§cf __do _Agricultural _ ._ do__ _Tractors parts and accessor ies§ doElectrical §cf do.Metal work ing doOther industrial cf do _

Petroleum and products doTextiles and manufactures do

249501202

118364307

10686

157125

9195

10 9316,673

1,232

58, 454205, 740328, 986200, 233136, 488177, 214

10, 62425, 459

13, 9364.887

036 97139, 45616 22235, 812

32, 29549, 22020, 711(i)

97, 170

200, 197298, 028

19, 72374, 29211, 62517, 14538 82959, 53832, 524

1,222

207 568106, 39765, 570

145, 234696, 890

307, 78570, 78716 738

116, 0351 8, 73450, 650

913, 875101, 18885, 63665, 19054, 605

193, 72510, 64521, 16346, 34815 69288, 981

83, 54062, 354

232469202

141425301

11781

149113

102103

10 6057,873

1,152

34, 204182, 733346, 768214, 669131, 270133, 844

7,53413, 859

14, 3043,648

041 42241, 128

7, 17727, 044

33, 19344, 72724, 825(i)

99, 809

214, 623252, 864

13, 90451, 8227,647

13, 19139, 91262, 72627, 636

r 1, 145

272 78298, 24961, 709

127, 285584, 538

349, 603116, 85621 332

103, 92516 29260, 985

794 95875, 81971, 24671, 65345, 973

171, 9599,431

22, 29436, 48112 05982, 152

69, 76349, 742

279565203

135403298

136103

158138

102108

9,4006,899

1, 387

46, 390271, 537377, 369208, 175155, 995187, 113

5,60918, 897

24, 6735, 1390)

78 02758, 16612 41232, 579

40, 81247, 48234, 722

096, 012

208, 174327, 355

21, 55871, 07312 64118, 94948, 99362, 89140 122

1,377

299 513109, 33973, 422

148, 106746, 421

415, 986165, 77120 978

119, 63424 72446, 000

960 81697. 90690, 35861, 36556, 445

214, 3569,574

24, 40647, 22717 391

103, 476

73, 27869, 960

281586208

131390299

148116

157141

9392

8,3096,322

1,438

51, 379294, 444439, 696180, 642155, 186205, 633

4,03321, 503

26, 0265,047

082, 09755, 25112. 60641. 028

48, 34155, 29944, 122

5103, 044

180, 641342, 788

18, 87881, 92419, 34620, 25644, 16863, 50239, 235

1,428

336 272109, 19569, 724

161, 459751, 674

460, 168213, 16720 540

11 5. 57427, 65743, 939

968, 15799, 08189, 03052, 26267, 534

237, 95210, 55728 47749, 00218 303

118, 798

74, 13772, 721

247509206

149446300

129123

157163

121116

8,4737,705

1,252

48, 346223, 430386, 044192, 422136, 435152, 748

7,71822, 166

19,3633,884

069 62544, 69310 34323, 045

41, 07963, 15141, 611

578, 569

192, 422274, 314

14, 75057, 90410. 46015, 72239, 86655, 84033, 666

1,240

255 504128, 09460, 466

137, 139658, 692

377, 196148, 89920 141

130, 25627, 04825, 886

862 69877, 98776, 20058, 74762, 802

214, 60310, 81827 25142, 73119 764

104 267

65 01856, 162

262542207

147440298

125151

164207

120118

7 3466,894

1, 335

55, 557258, 238340, 248203, 736151, 888188. 542

5,75717, 524

17, 3524 002

078 82751. 98811 80025, 543

29, 28347, 13741, 971

275, 810

203, 736323, 981

14, 14375, 32812 09420, 95749, 42756, 99243 400

1,322

228 038130,21374, 109

139, 260750, 303

378, 434132, 03919 473

146, 55726 93623, 684

943 489101, 23478, 66445, 33162, 168

243, 72612, 33229 74052, 64520 287

116 625

64 20759, 900

279578207

157474302

121143

178213

122110

8,2077,338

1.421

71, 799238, 846373, 171227, 215159, 127200, 362

7,52129, C70

20, 9733,792

066. 81751, 06512, 45525, 275

43, 14240, 80148, 362

287, 006

227, 196343, 583

15, 13874, 78415, 12520, 84348, 69765, 61147, 156

1,408

188 038176, 39864, 346

160, 116819, 341

372, 26394, 19519, 383

183, 53323 49821, 324

1,035 976109, 78880, 85944, 86878, 382

264, 46513, 87234 68453, 87523 550

126, 394

70 89669, 591

262544208

154456296

95120

139169

118112

8,2117,673

1,337

58, 616220, 724272, 795242, 089147, 395175, 944

10, 32020, 825

17, 3623,215

047, 37664, 0359,971

21, 225

34. 34922, 13237, 398

257, 632

242, 081306, 026

13, 21165, 57511, 08318, 34944, 03558, 98744, 977

1,327

157, 558137, 99556, 354

161, 789813, 072

296, 33873, 75218 261

145, 17616, 30314, 644

1,030 429104, 98768, 26643, 12871, 770

238, 86013, 92730 69851, 15521 275

111 879

74 34357, 290

287595208

142411290

104129

159181

104106

r 9, 463r 8, 061

1.466

50, 757227, 161313, 810264, 760157, 216174, 466

5,01519, 522

14, 4303,240

037, 95178, 11410, 04621, 404

36, 32831, 19148, 893(i)

54, 608

264, 698314, 096

13, 39857, 82512, 21821, 23143, 82165, 84344, 537

1,451

157, 579151, 94468, 541

153, 893919, 525

317, 50468, 08422 242

165, 83314, 66621, 879

1, 133 978104, 08069 50348, 51274, 872

264, 37414, 54334 11856 29923 302

125 740

63 01853, 894

231473205

145418289

81110

121148

107116

8,4508,083

1,164

44, 050185, 467250, 342249, 278137, 015139, 958

4,41917, 738

11, 5831,714

029, 04056, Oil9,267

25, 780

27, 97727, 71549, 496

341, 522

249. 028259, 504

9, 15643, 2318,287

17, 90440, 98356, 10342, 148

1,152

142, 627102, 16558, 618

129, 620719, 150

243, 17355, 74024, 857

107, 31212, 14420, 087

909, 00789, 24865, 07348, 01650, 779

231, 87615, 72827, 68951, 56820 605

107, 408

70, 07448, 051

199411206

143407284

5675

102130

101113

6,9467, 542

1,015

34, 408145, 877173. 967210, 072138, 970131. 629

3,56413, 175

10. 1283,129

018, 20534, 13812, 75623, 020

16, 91720, 14819, 267(i)

32, 695

210. 009253, 782

7, 73040, 0828, 171

18, 17245, 01452, 43538, 451

1,003

87 04972, 35359, 376

108, 167675, 614

169, 53410, 28720 63484, 66813, 41421, 070

833 02569, 85460, 31338, 39829, 866

212, 76413, 39420 63348, 73120 025

101 569

71 35242, 697

214435203

140398283

6573

112112

108117

T 1, 072

41,419150 310198, 278219 462124, 740135 988

5,56314 291

7 9222 171

o14 64642 51510 76222 317

18 99136 32717 192(i)

33 716

219 391246 06116 56135 3598 054

20 58236 94649 29135 387

r 1 061

114 75579 56648 961

115, 36270 i 977

186 08621 04818 78982 28413 08328 160

874 53455 94462 54944, 54941 410

204 49513, 10215 74149 13720 25198 790

64 26050, 822

•"Revised. i Less than $500. ^Total exports and various component items include shipments under the Mutual Security Program as follows (mil. dol.): September 1951-August1952, respectively—81.2; 58.8; 84.1; 59.6; 65.0; 78.7; 94.2; 153.7; 230.6; 112.5; 129.2; 159.9. Beginning July 1950, certain items classed as "special category" exports, although included in totalexports, are excluded from water-borne trade and from area and country data. ©Including Manchuria beginning January 1952.

9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.*New series. Data prior to August 1951 will be shown later.§Excludes "special category" exports not shown separately for security reasons.cTData beginning January 1951 have been adjusted to conform to the 1952 revision of the export schedule.


S-22 SURVEY OF CURRENT BUSINESS November 195.


1951

Septem- October Novem-ber

Decem-ber

1952

January Febru-ary March April May June July August Septem

ber

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES— Continued

FOREIGN TRADE— Continued

Value— Continued

General imports, total thous of dolBy geographic regions:

Africa-. doAsia and Oceania doEurope doNorthern North America doSouthern North America doSouth America do

By leading countries:Africa:

Egypt doUnion of South Africa do

Asia and Oceania:Australia including New Guinea doBritish Malaya doChinaO - - doIndia and Pakistan doJapan doIndonesia _ _. doRepublic of the Philippines do

Europe:France doGermany _ _ doItaly___ . _ -do _Union of Soviet Socialist Republics. _ _ doUnited Kingdom do

North and South America:Canada doLatin-American Republics, total do

Argentina doBrazil doChile ...do . -Colombia doCuba . ... -do _ _ _Mexico doVenezuela do

Imports for consumption, total doBy economic classes:

Crude materials doCrude foodstuffs _ _ _ _ _ do _Manufactured foodstuffs and beverages. - _ doSemimanufactures doFinished manufactures do

By principal commodities:Agricultural products, total do

Cocoa or cacao beans, incl. shells* do _Coffee doHides and skins _ _ doRubber, crude, including guavule doSugar doWool and mohair, unmanufactured do

Nonagricultural products, total doFurs and manufactures doNonferrous ores, metals, and manufacture?,

total thous. of dol. .Copper, incl. ore and manufactures. _doTin, including ore do

Paper base stocks doNewsprint do __Petroleum and products do

721, 260

26, 035158, 177146,460171,890r 75, 947142, 750

2755,472

7,10532, 2281,241

17,48712, 30619, 68919, 201

16,33218, 4549, 5021,141

33, 270

171,252208, 156

8,22162, 97813, 86322. 85134, 51220, 55422, 208

746, 036

237, 621122, 047

76, 219169, 268140, 880

333, 8066,868

80, 71914, 22359, 57030, 06334, 142

412, 2305,406

57, 99725, 671

5,86031,19138, 75843, 122

833, 561

40. 388143, 743147, 880218, 30890, 176

193, 065

6609,712

14, 91927, 8671, 136

19, 94514, 37319, 38917, 383

15, 48920, 1238,9123,311

33, 438

217, 924264, 914

6,64383, 47618, 43734, 25735, 50926, 42830,119

872, 365

257, 026167, 29393, 550

192, 737161,758

389, 7314,013

117,0249,764

52, 90630, 20742,153

482, 6347,515

70, 42723, 34614, 28736, 40350, 00951, 081

818, 544

37, 775146, 718157, 334199, 68888, 337

188, 693

81211, 078

9,61626, 4792,719

19, 13415, 64517, 29715, 882

13, 58717, 00312. 3643, 130

40, 318

199, 672260, 008

6,84389, 61118,19734, 61131,24427,15225, 822

827, 181

213, 085185,18080, 746

183, 283164, 887

379,21810,378

127, 0465, 828

54, 48924, 37930, 583

447, 9635,899

59, 75021, 799

4, 15631, 03347, 95148, 415

800, 629

34, 967151,799153,046190, 08593, 283

177, 449

1,0636,529

22, 48616, 9074, 725

19,31714, 23320, 07515, 858

15,17214,81112, 9792, 251

35, 446

190, 080249, 596

7,91285, 00011, 69336, 59613,32532, 85027,014

800, 223

216.242187, 554

58, 588183, 533154,304

360, 19410,533

138,8475,154

43, 9977, 506

35,215440, 029

9, 536

65, 18319, 8597,871

30, 48344, 79948, 103

921, 887

68, 408172, 689176, 237186, 971127,202190, 380

16, 45311,844

8, 51838, 4344,902

22, 43717,46629, 70414, 626

20, 35117, 68211,2421,150

39,017

186,970293, 779

8,29469, 83922, 24642,01130. 57741.28434, 098

914, 588

269, 095193, 714

79, 253204, 964167, 563

436, 83819,274

134, 1475, 493

80, 39325, 74937, 906

477, 7506,571

65, 58128, 6252,552

33, 47742, 23060, 458

892, 033

68, 605182. 938153, 682177, 268131,474178, 065

18, 90710, 052

16, 60539, 094

5, 06828, 06914, 52023, 28117,213

15,02016,00913,019

50631, 128

177, 265288, 100

7, 30980, 42613, 50233, 95032, 47336, 17730, 222

901,437

270, 459207, 041

75, 511185, 931162, 495

439, 19717,071

153, 9434,026

73, 82129, 39433, 648

462, 2406,352

78, 89522, 774

5,24431,72743, 24653, 717

963, 299

76, 649205, 720169, 576195,583137,915177, 856

14,17912, 833

12, 29365, 3144,911

22, 90518, 54021,92121, 284

13, 94016,43412,5933, 139

39, 961

195, 485292, 942

9,94574, 50720. 29228, 32941, 92739, 68631,027

971. 397

300, 390194,06892, 714

215,678168, 547

435, 69820, 992

138, 1084,238

80, 73043, 38233, 850

535, 6998,079

132, 38127, 39122, 37029, 32644, 96055, 321

932, 854

56, 085203, 049174, 429189, 792135, 787173, 712

2,9738,994

21,91642, 2973, 699

27, 42214, 93228, 09816, 624

14,01014, 94912, 3712,220

47, 267

189, 682290, 462

10, 90066, 86515, 12428, 07147, 53137, 49735, 694

936, 120

293, 547172, 61291, 061

206, 379172, 522

408, 33517,900

115, 4856, 223

75, 92741,83237, 711

527, 7857,767

129, 09024, 90631,07624, 64945, 58760, 156

834, 771

43, 370168, 924149, 273195, 517129, 294148, 392

2,3677,809

15, 67627, 8392,336

25, 35216, 06423, 44522, 348

11,20215,93610, 679

80543, 422

195, 514257, 240

9,20848, 21616, 29021, 69757.13132. 83632. 936

843, 220

231,668135, 926105, 828203, 498166, 299

353, 19821,29176, 1284,496

49, 04650, 89331, 579

490, 0226,500

116, 13821, 76322, 38425, 56944, 48458, 290

860, 240

54, 123181,317159,892210, 970107, 033146, 905

7668,652

10, 45932, 890

1, 66322, 87316, 98429, 12026, 801

13,15915, 66112, 5761.611

37, 635

210, 425237. 953

12, 17849, 43113,10224, 24640, 43730, 80032, 131

857, 259

243, 288149, 60394, 516

199, 645170, 207

344, 84322, 30382, 679

6, 53252, 13243, 65323, 339

512, 4167,293

122, 11020, 85734, 38824, 70350, 93855, 079

836, 043

47, 234157, 056156, 770191,40499, 374

184, 204

7,5488,275

10,81421,0131.424

25, 29618, 95718, 85625, 973

12, 68417, 09912,4121, 508

40, 374

190, 757268, 683

15. 10049, 57422, 45333. 17636, 73025. 75532, 731

835, 114

213,860149, 36097, 012

199,799175, 083

328, 52210,16195, 442

5, 83232, 55843, 72427, 645

506, 5927,168

126, 29241, 98632, 03721, 54650, 19153, 913

816, 958

35, 249160, 944147, 708183, 40890, 054

199, 595

2,4607,777

8,77123,1001,099

26, 37417, 98524, 67023, 484

12, 48616, 66812, 5521,241

35, 332

182 942278, 50811,32863. 14431,19535, 70442, 34726, 40131,717

815, 445

209, 826144, 48297. 640

201. 379162,117

337. 1726,871

99. 1245. 298

40. 99944. 52624. 060

478, 2735,790

109, 01442 83628 28223! 71847, 35951, 754

TRANSPORTATION AND COMMUNICATIONS

TR AN SPORTATION

Airlines

Operations on scheduled airlines:Miles flown, revenue thousands _Express and freight carried. _ _ ..short tons _Express and freight ton-miles flown thousands. _Mail ton-miles flown doPassengers carried, revenue doPassenger-miles flown, revenue _ _ do

Express Operations

Operating revenues thous. of dolOperating income do

Local Transit Lines

Fares, average cash rate centsPassengers carried, revenue millionsOperating revenues thous. of dol

Class I Steam Railways

Freight carloading (A. A. R.):d"Total cars - _ thousands _

Coal doCoke -.- _ . .. do ._Forest products doGrain and grain products doLivestock .. _. _ . do _ . _Ore doMerchandise, 1. c. 1 doM iscellaneous do

31, 52917, 85311, 1654,9381,895

934, 584

17, 845146

10. 66421,008

114, 800

' 3, 312r605

64r!81

20259

337291

1, 573

32, 14419, 10012,2035,7171,895

919, 952

18, 27337

10. 68131,100

130, 200

3,478653

6418921973

312304

1,664

30, 29017, 78311,4925,9931, 664

812, 028

18, 72565

10. 70321,068

127, 800

3, 15564266

175210

51202285

1,524

30, 97319,12112, 444

7, 9661,571

834, 298

22, 74644

10. 82241, 099

139, 200

3,52276082

19824046

118331

1,747

32, 22118, 48411,9115,8711, 576

851, 723

20, 14377

10. 88081,072

128, 500

2,82862766

1651973470

2631,405

30, 89616, 26911, 734

5, 6881,520

799, 871

20, 06197

11. 05601,006

123, 900

2,88658765

1721953376

2941,463

33, 36319,14213, 039

5, 6811,733

926, 746

20, 09046

11. 08521, 062

126, 500

3,624686

7921823437

105377

1,888

33, 88719, 24712, 887

5, 6491,889

994, 729

19, 98219

11. 19221,053

129, 400

2,912498

5317516236

211297

1,480

32, 27417,81511,442

5, 5271,831

973, 389

19, 958d5

11. 25791,050

128, 300

3,67760768

20120442

403350

1,803

34, 05818, 34111,7005,1092, 062

1,116,764

19 5922

11. 3820962

118 000

2,608478

22179232

2696

2781,298

36, 475

11,6125,1152 0121,082

19 505d4

11 4477921

117 300

2,23631715

170255

2444

2571,155

36, 612

12, 4755 2012 1401,143

11 7810919

121 800

3,88261358

243263

42447364

1,852

11 9148975

3,363636

5717918749

387289

1.579r Revised. d Deficit. ©Including Manchuria beginning January 1952. *New series. Data prior to August 1951 will be shown later.cTData for December 1951 and March, May, and August 1952 are for 5 weeks; other months, 4 weeks.


November 1952 SUKVEY OF CURRENT BUSINESS S 23


1951


berDecem-

ber

1952


ber

TRANSPORTATION AND COMMUNICATIONS—Continued

TR AN SPORT ATION— Con tinued

Class I Steam Railways— Continued

Freight carloadings (Federal Reserve indexes^:Total, unadjusted 1935-39=100-.

Coal doCoke - .- - - doForest products doGrain and grain products doLivestock _ _ _ _ doOre doMerchandise, 1 . c , 1 - - _ _ _ d oMiscellaneous do

Total adjusted - doCoal doCoke doForest products _ _ . .-do _Grain and grain products doLivestock - - doOre doMerchandise, 1 c. 1 _ _ _. doMiscellaneous do

Freight-car surplus and shortage, daily average:Car surplus, total _ _ - _ _ _ . _ number -

Box cars doGondolas and open hoppers ._ _- -do

Car shortage total doBox cars _ _ _ doGondolas and open hoppers- _ - - - _ do .. _ .

Financial operations:Operating revenues total thous of dol

Freight doPassenger _ _ . _ _ _ _ - _ d o _ .

Operating expenses doTax accruals, joint facility and equipment rents

thous of dolNet railway operating income doNet incomej do

Operating results:Freight carried 1 mile mil of ton-milesRevenue per ton -mile centsPassengers carried 1 mile revenue millions

Waterway Traffic

Clearances, vessels in foreign trade:Total U S ports thous. of net tons

Foreign doUnited States do

Panama Canal:Total thous. of long tons

In United States vessels do

Travel

Hotels:Average sale per occupied room dollarsRooms occupied percent of totalRestaurant sales index same month 1929=100.-

Foreign travel:U. S. citizens, arrivalscf - _ . _ _ _ ^numberU. S citizens, departures^ doEmigrants doImmigrants doPassports issued - _ - _ _ _ _ _ _ d o . .

National parks, visitors thousandsPullman Co.:

Revenue passenger-miles _ _ _ . _ millionsPassenger revenues _ _ _ __ thous. of dol _

COMMUNICATION S

Telephone carriers:©Operating revenues thous. of dol

Station revenues doTolls message do

Operating expenses, before taxes- . doNet operating income doPhones in service, end of month... ^thousands. _

Telegraph, cable, and radiotelegraph carriers:Wire-telegraph:

Operating revenues thous. of dolOperating expenses, incl. depreciation .. doNet operating revenues do

Ocean-cable:Operating revenues doOperating expenses, incl. depreciation. _ doNet operating revenues do

Radiotelegraph:Operating revenues doOperating expenses, incl. depreciation _ _ doNet operating revenues do

144130209153148107308

48154

13313021114213281

20546

143

3, 640164

414, 9024,1819,231

855, 929716, 39474, 092

660, 408

119,79775, 72550, 255

58, 1311.2982,918

2,6851,210

6.5883

246

r 84, 95251, 862

19, 00117, 3981,681

7859,567

320, 205188, 477108, 331

225, 65829, 42940, 066

15, 72514, 623

371

2,1841,674

315

2,4531,946

400

14613420215215412826748

157

13513420614415483

18046

144

2,5938619

19, 0456,235

10, 168

965 552816, 18271,129

699, 508

144 144121, 90097, 840

61, 8381.3742, 718

2,7291,289

6.7985

244

r 64, 72446, 549

25, 84729, 602

842

7949, 663

335, 579194, 221117, 636

238, 00538, 97040, 279

17, 17315, 0091,395

2,3661,665

509

2,5692,022

441

14014021814915688

17447

149

13714021815215970

18046

144

3,375203

48,5862,4595,311

903 864743. 29671,795

672, 482

136 37395, 00868, 058

56, 7401.3692,697

2,571907

6.8377

243

51,31544, 084

28, 34718, 364

353

7889,579

334 449196, 380113, 990

235, 78539, 64740, 451

16 12014, 679

720

2,2351,669

378

2,5322,036

388

123127216128135657343

134

13312720614414368

23544

142

7,8551, 456

2983,8891,2012,336

902 695689 29888, 238

649, 044

118 479135 172150, 661

52, 6641 3723,354

2,9151,205

6.1865

218

53, 58752, 188

26, 50117, 592

216

7809,531

341 381199, 422117, 526

242, 79340, 85540, 679

17 42315, 5481,317

2,4481, 73C

517

2,7262,156

495

128133214139146646444

138

14113320315514667

25646

151

11,2553,3961,8593,9061,4302,014

867 034712,90682, 343

685, 369

115 59866, 06741,364

54, 7001 3673,089

2,6371,004

6.3777

242

50, 85754, 537

24, 86227, 374

232

98512, 072

339, 151198, 907115,814

240, 03039, 07740, 127

16 78915, 191

717

2,1991,752

236

2,6692,099

443

126120203140137

576947

140

13612019214614072

27749

149

8,1851,0122, 0843,9921,7471, 550

844 966704 301

73, 470649, 687

119 38575 89549, 244

54, 0891 3702,697

2,6191,011

6.3979

240

61, 68271, 370

19, 20531, 638

299

88610, 808

332 063196, 952110 319

231, 91439, 70240, 314

15 87514, 328

716

2, 1141,733

192

2,5102,013

372

124111198141128

537548

142

13311119614113966

25747

149

9,2642,1611, 5162,621

845993

875 471729, 286

74, 077675, 135

123 69776, 63950, 239

55, 9491 3722,759

3,1151,130

6.2477

225

65, 24968, 599

23, 89744, 164

346

86710, 655

345 353202, 195118, 143

238, 95442, 43740, 516

16 80114, 9231,016

2,2371,759

274

2 5922,094

388

12310316314211565

19547

139

12610316614213073

21246

141

17, 1004,1083,3391,874

365857

847 478702 14571, 906

667, 433

107 73272 31345, 341

52, 1471 4122 684

3,0391,035

6.7479

251

61, 61072, 209

20, 43148, 658

559

7629,343

343 596203, 861114 762

234, 87343, 62740, 662

7 23310, 243

d 3 698

2 1551,702

251

2 4332,066

252

12410117813111659

29245

138

12210117912613266

21245

137

24, 36311,1532,5542,296

704959

870 315720 138

75, 955676, 418

110 92782 97054, 342

54, 5571 3932,802

2,9791, 188

6.2078

266

58, 89379, 967

18, 89851, 5281,075

7639,446

352 525205,171121 895

248, 66741, 23840, 847

10 38412 894

d 3 247

2 2501,722

270

2 5462, 156

271

1119668

144165458244

122

1089669

139161565344

119

28, 13614, 6696,3722,9331,865

717

814 338663 86981,702

645, 934

100 52967 87548 988

47 2931 4753 065

2,9481,256

6.7079

260

76, 484109, 740

18 36145, 3302,455

80910, 145

351 732206 102119 781

245 86242 23840, 966

15 83914 544

474

2 0811,766

105

2 5172,056

340

1047556

147183457343

116

1027557

146153564643

115

40, 3117,477

26, 6422,0701,490

448

790 718644 79280, 482

634, 398

95 35760 96335 469

44 8171 5243 076

2,649762

6.3972

237

34, 1504,008

6828,618

351 597204 358120 635

258 74337 14041, 105

15 84715 101

d 47

2 1641,880

60

2 5852 084

388

12910115415714561

32346

141

12510116014913465

21646

140

17,4182,1147,8886,1562,4483,429

899 734744 84180, 548

663, 360

131 334104 93978,155

56, 949

r 2,511r 909

7.1576

255

29, 3614 270

7169,074

14513518715113893

35248

155

13413518914012370

23545

144

5, 693331113

12,0283,8227,691

2,8881, 148

6.9178

251

25, 0621,603

r Revised. d Deficit. JRevised data for August 1951, $57,526,000.cf Data exclude arrivals and departures via international land borders; land-border departures during the 12 months ended June 1950 amounted to less than 1 percent of total departures.

Revised data for January-August 1951 to exclude arrivals via international land borders are as follows (number): 51,650; 58,530; 63,458; 60,098; 48,561; 58,043; 73,254; 94,721.OData relate to continental United States. Beginning January 1952, data exclude reports from several companies previously covered and include figures for some not included in earlier

data.



Unless otherwise stated, statistics through1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey Septem-

ber

19

October

51

Novem-ber

Decem-ber January Febru-

ary March April

1952

May June July August Septem-ber

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:!Ammonia, synthetic anhydrous (commercial)

short tons__Calcium arsenate (commercial) doCalcium carbide (commercial) __ doCarbon dioxide liquid gas and solidO doChlorine gas - do _Hydrochloric acid (100% HC1) doLead arsenate (acid and basic) do __Nitric acid (100% HNOs) doOxygen (high purity) mil of cu ftPhosphoric acid (50% HsPOO short tonsSoda ash, ammonia-soda process (98-100%

Na2COs) _ _. _ short tons__Sodium bichromate and chromate doSodium hydroxide (100% NaOH) doSodium silicate, soluble silicate glass (anhy-

drous) short tonsSodium sulfate, Glauber's salt and crude salt

cake short tons__Sulfuric acid (100% H2SO4):

Production do __Price, wholesale, 66°, tanks, at works

dol. per short ton..Organic chemicals:

Acetic acid (synthetic and natural), productionthous of Ib

Acetic anhydride, production doAcetylsalicylic acid (aspirin) production doAlcohol, ethyl:

Production ___ thous. of proof gal..Stocks, total - -do _

In industrial alcohol bonded warehousesthous. of proof gaL_

In denaturing plants QOUsed for denaturationf doWithdrawn tax-paid do

Alcohol, denatured:Production thous. of wine gal__Consumption (withdrawals) doStocks do _

Creosote oil production thous of galFthvl icetate (85%) production thous of IbGlycerin, refined (100% basis) :

High gravity and yellow distilled:Production thous. of lb.Consumption doStocks - - - do -

Chemically pure:Production _ _ _ doConsumption doStocks do _ .

Methanol, production:Naturil (100"^) thous of galSynthetic (100%) do _-

FERTILIZERS

Consumption (14 States)! thous. of short tons...Exports total short tons__

Nitrogenous materials doPhosphate materials do_ __Potash materials do

Nitrogenous materials, total -_ doNitrate of soda do

Phosphate materials doPotash materials _ _ - do

Price, wholesale, nitrate of soda, crude, f. o. b. cars,port warehouses . _ dol. per short ton

Potash deliveries short tons..Superphosphate (bulk) :

Production - doStocks end of month do

NAVAL STORES

Rosin (gum and wood) :Production quarterly total drums (520 Ib )Stocks end of quarter doPrice, gum, wholesale, "WQ" grad'e (N.Y.), bulk

dol. per 100 l b _ _Turpentine (gum and wood):

Production quarterly total bbl. (50 gal )Stocks end of quarter doPrice, gum, wholesale (N.Y.) dol. per gal..

147, 508(i)

67, 25563, 703

212, 08356, 8810)

124, 3041,829

151, 677

403, 02810, 660

259, 727

42, 666

80, 037

1, 046, 075

20.00

39, 30986, 343

945

40, 945' 101, 681

'71,088r 30, 593

39, 9243, 595

21, 42122, 39210, 25211 1865 697

6, 0616 072

15, 556

10, 5406,714

25, 943

17215, 43118 883

494235, 053

16, 570183, 34414, 197

147, 13789, 10541, 76810, 79837, 708

53. 50113,326

811, 543.1, 245, 504

579, 940665, 530

38.67

195, 260179 300

3 .75

155, 9130

71,01154, 052

224, 25059, 920

409132, 286

1,967154, 060

430, 62211, 276

275, 224

49, 485

81, 120

1, 099, 964

19.90

37, 95286 0701,056

47, 336103, 927

66, 46537, 46243, 3623,016

r 23, 276r 27, 228

r 6, 63612 0515 441

5,5296 718

14 735

11, 7477 874

26, 524

19315, 95021 773

708315, 16026 483

267,0118 854

190 328121, 42453, 4011 962

54, 721

53.50114,311

923, 9661, 183, 481

39.07

3 .80

156, 6920)

69, 73042,412

219 25059, 639

576133, 790

1,938153, 432

389, 48710, 550

269, 387

48, 116

75, 057

1, 130, 831

20.00

35, 26271. 7981,046

40, 47791, 184

r 61, 830r 29, 280>• 45, 739

r 3, 179

r 24, 425^ 24, 196

7,47712 3018 144

5,1295 677

15, 623

11,0787, 305

26, 884

17516, 50319 926

742220, 305

27 772130, 159

6,772

155, 601105, 87736, 3959.210

28, 131

57.00119, 074

954, 6511, 163, 982

j 3 9. 40

| 3 .80

161, 681(i)

69, 09541, 052

228, 94958 222

1, 597135, 516

1, 934153, 463

374. 20410, 276

272, 799

43, 268

69. 408

1, 179, 263

20.00

34, 87467, 032

952r 39, 825r 89, 361

r 59, 296r 30, 064«• 42, 061

r 2, 399

r 22, 458r 21, 957

r 8, 34011 2933 887

4,8495, 0? 7

15, 284

9,6816, 407

25, 483

11517, 22420 694

604209, 75427, 632

145, 5465,433

173, 298101, 457

41, 7FO19, 35844, 934

57.00121, 535

893, 6391, 251, 797

507, 600748, 700

39.40

167, 540197 630

3.80

158, 8480)

72, 17844, 062

230, 27160, 191

1,985140, 976

2,019151, 922

367, 3801 ] , 224

263, 320

45, 705

72, 078

, 165. 356

20.00

37, 71159, 3581,185

«• 42, 254r 94, 442

r 58, 66035, 782

'48,917r 1,993

' 26, 106' 24, 768r 10, 478

10 6354 359

6,1925, 798

16,219

11,5297,976

26, 582

199

14, 22618 844

1,152201, 55220, 560

154, 7619,056

219, 807152, 137

54, 6518,588

49, 833

57. 00114, 903

966, 0241, 293, 588

9.65

.86

151, 632(0

67, 78845, 807

215, 57057, 966

1, 550128, 978

2,008151, 684

337, 7109, 722

247, 734

43, 599

67, 363

1, 131, 289

20.00

30, 26145, 8871,073

42, 421r 94, 566

r 58, 891' 35, 675

44, 9351,788

24, 06021, 38813, 60811 5594 160

5, 6475,521

17, 447

11, 1137, 219

26, 685

17313, 75619 462

1,348214, 99128, 775

161, 5707,619

255, 151165, 806

72, f 1417, 75155, 022

57.00123, 582

1, 033, 4491,217,295

9.35

.76

172, 0990)

67, 97447, 307

229, 47258, 8681,520

144. 6962,156

168, 272

372, 5298, 590

271,996

46, 852

73, 973

1, 174, 836

20.00

29, 13842, 7111,178

41, 129r 95, 361

54, 937f 40, 425r 40, 939

1,861

r 21, 924*• 21, 501' 14, 037

13 5465 470

6,7455,617

18, 104

11, 7047,398

28, 107

18513, 95121 519

1,827191,261

10, 802163, 553

7, 469

257, 090186, 622

59, £6021,60627, 731

57.00140, 625

1, 101, 4541, 046, 710

392, 400722, 580

8.70

127, 940194, 450

.66

177, 059(')

60, 60153, 756

221. 16953, 129

763137, 924

1,954172, 135

363, 5796,428

258, 521

36, 794

65, 646

1, 115, 602

20.00

26, 38027, 5911,247

33, 857' 97, 550

r 55, 59241, 95934, 108

1, 755

18,368r 20, 284r 12, 093

14 4014 419

6,7706,385

17, 578

12, 5287,040

29, 435

16113, 49821 348

1,819204, 452

15, 296173, 431

6,147

173, 16396, 73218, 70617, 51026, 981

57. 00125, 600

1, 137, 270r 897, 818

8.55

.61

165, 105442

58, 38063, 579

214. 12850, 669

279128, 065

1,941173, 334

358, 4486, 745

250, 564

38, 565

67. 031

1, 109, 076

20.00

26, 53531, 536

1,109

26, 062r 82, 344

' 51, 94930, 39530, 539

1,395

r 16, 481r 19, 984

«• 8, 55513 293

4 204

7,5386 239

17,013

7, 1787,015

28, 382

20113, 11121 263

1,167207, 94315,353

176, 6497,887

202, 037147, 26333, 9156,832

12, 488

57. 00157, 711

1,074,7221, 018, 081

8.55

.60

160. 034630

56. 07472 417

200, 16948, 851

150122, 670

1, 131153, 497

334, 4495,656

230, 883

41, 194

65, 838

1,007,709

20.00

27. 98051, 944

957

32, 92274, 420

50, 58423, 837

f 33, 1021,447

17, 86818, 0188, 0557 0775 873

7,0996,374

14, 427

5,4287,008

24, 507

17511, 88119 225

530' 136, 743

7 652117, 254

7,227

208, 013151,44890, 51714, 69823, 258

57.00127, 810

941, 3301, 238, 946

8.50

! .63

167, 574704

52, 238r 80, 662194. 28549, 2820)

118,340T 1, 046

153, 609

336, 3273, 722

r 224, 462

34, 403

r 58, 999

968, 467

20.00

34, 25665, 963

845

39, 29277, 437

47, 61029, 82735, 397

2,052

19, 03917, 4689,1006 5094 152

5,8556,003

13, 553

6,2376, 628

21, 684

19511, 89018 955

2389r 203, 643

24, 643r 164, 357

7,015

' 141, 032100, 67437, 0157,318

21, 293

57.00113, 167

926, 6571, 366,549

8.35

1

\~""-"G2

173, 3260)

45, 81279 344

208, 09854, 8390)

128, 8861 863

177, 923

370, 8775 882

242, 809

35 521

66, 516

1, 066, 123

20.00

a31, 17370, 859

823

32, 98482, 661

47, 42035, 24128, 5771,629

15, 43718, 261

7, 15812 5478 813

6,5116, 538

12, 246

9,0357, 536

19, 080r!80

12,05916 469

'2380208, 593

19, 939170, 215

7,227

169, 119122, 14650, 8658 166

27, 336

57.00122, 979

955 5341, 420 827

8.35

.60

20.00

36, 43987, 430

48, 43039. 00031, 249

2,057

16, 98716, 7997,326

j 7, 279! 6, 975

12,066

10, 040! 7, 991

17, 173

2567

57. 00149, 678

8.70

.62T Revised. 1 Not available for publication. 2 Total for 12 States; excludes data for both Virginia and Kentucky (effective July 1952, Kentucky will report semiannually; see note "§"

below for quarterly data for Virginia). 3 Savannah price. January 1952 quotation (Savannah) for rosin, $9.40; for turpentine, $0.80.JRevised data for January-October 1951 are available upon request.©Data beginning January 1951 exclude amounts produced and consumed in the same plants manufacturing soda ash.fRevised series. Data shown prior to the November 1951 SURVEY represent alcohol withdrawn for denaturation.§Figures exclude data for Virginia; effective January 1951, this State reports quarterly. Data for Virginia (thous. short tons): 1951—January-March, 312; April-June, 288; July-September,

91; October-December, 111; 1952—January-March, 322; April-June. 331; July-September, 90.a Synthetic only; synthetic production in July, 32,355,000 pounds.


November 1952 SUEVEY OF CURKENT BUSINESS S-25


1951


berDecem-

ber

1952


ber

CHEMICALS AND ALLIED PRODUCTS—Continued

MISCELLANEOUS

Explosives (industrial), shipments:Black blasting powder thous. of IbHigh explosives do

Sulfur:Production _. _ _ _ _ _ _ long tonsStocks do

FATS, OILS, OILSEEDS, ANDBYPRODUCTS

Animal fats, creases, and oils:tAnimal fats:

Production _ _ _ _ _ _ _ _ _ _ thous. o f IbConsumption, factory doStocks, end of month _ do _

Greases:Production . . _ _ _ _ _ _ _ d oConsumption, factory doStocks, e n d o f month _ _ _ _ _ _ _ _ _ _ d o

Fish oils:Production doConsumption, factory _ doStocks, end of month cf- _ _ _ do

Vegetable oils, oilseeds, and byproducts :tVegetable oils, total:

Production, crude mil. of IbConsumption, crude, factory. _ _ doStocks, end of month:

Crudecf1 doRefined _ _ _ _ _ _ _ d o

Exports thous. of IbImports, total _ _ _ _ _ _ do

Paint oils doAll other vegetable oils .._ _ . _ do

Copra:Consumption factory short tonsStocks, end of month doImports do

Coconut or copra oil:Production:

Crude thous. of IbRefined _ _ _ _ _ _ _ _ _ _ _ _ do_ _ _

Consumption, factory:Crude _ _ _ . do. __Refined _ do

Stocks, end of month:Crudecf --- doRefined do

Imports - _ _ _ doCottonseed:

Receipts at mills. _ _ thous. of short tons_Consumption (crush) doStocks at mills, end of month _ _ do_ __

Cottonseed cake and meal:Production short tonsStocks at mills, end of month do

Cottonseed oil, crude:Production _ thous. of IbStocks end of month do

Cottonseed oil, refined:Production doConsumption, factory _ . _ do ._

In oleomargarine doStocks, end of month doPrice, wholesale, drums (N. Y.)*__dol. per lb__

Flaxseed:Production (crop estimate) § thous. of bu _Oil mills:

Consumption _ doStocks end of month do

Price, wholesale, No. 1 (Minn.) dol. per b u _ _Linseed oil, raw:

Production thous of IbConsumption factory doStocks at factory, end of month _ _ _ d o _ __Price, wholesale (N. Y.) dol. p e r l b _ _

Soybeans:Production (crop estimate) § _ _ _ - thous. of bu.Consumption, factory _ doStocks end of month do

Soybean oil:Production:

Crude _ _ thous. of IbRefined do

Consumption, factory, refined doStocks, end of month:

Crude _ _ _ _ _ d oRefined do

Price, wholesale, refined (N. Y.)__.dol. per l b _ _ _

1,27662, 425

462, 7012, 754, 129

281, 54998. 302

258, 887

46, 86241, 551

110, 682

18, 78910. 91897, 846

440377

1,021250

74, 26719, 6471,245

18, 402

29 53921, 16131, 978

37, 41024, 983

39, 64522, 336

74, 8047,2073,825

1,054541935

250, 12270, 841

166, 50590, 010

96, 085100, 55032, 583

102, 715.218

2,8103,6543.83

57 05746, 650

635, 184.181

14, 7214,274

148, 658130, 391127, 916

90, 90779, 870

.195

1,61068, 033

459, 8052, 782, 423

327, 893116,026261, 850

49, 80144, 277

103,919

16,61211,508

109, 630

616487

1,100292

52, 83333, 0872,869

30, 218

37 29721, 64346 183

48, 13328, 270

45, 56425, 348

61, 9326,9953,899

1,587838

1,705

387, 44772, 854

257, 819152, 672

173, 826125, 07136, 816

154, 868.217

3,0225,8444.16

59 96450, 091

640, 760.197

21, 55658, 356

214, 799143, 782147, 351

121, 13575, 261

.191

1,59162, 244

418, 6552, 805, 902

378, 755112, 690269, 893

58, 01342, 855

104, 574

2,29711,477

102, 999

604484

1,202368

58, 61836, 4913,989

32, 502

35, 77421,06331, 787

44, 97626, 578

39,71022, 459

84, 5288,342

12, 745

1,006776

1,935

361, 94960, 316

244, 053184, 843

186, 793122, 10035, 858

225, 137.218

2,8546,8314.40

54, 98146, 173

638, 785.209

23, 03668, 052

224, 834136, 668136, 660

164, 52973, 602

.190

1,16453, 297

435, 8282, 837, 432

398, 61996, 644

303, 436

56, 65942, 189

100, 465

2,3059,089

96, 437

552478

1,251436

68, 10135,815

44235, 371

28 85921, 54641, Oil

36, 92922, 714

36,15920, 254

92, 0738,8399,718

598653

1,881

303, 84155, 430

206, 005186, 292

182, 865118, 57835, 335

279, 881.213

2 33, 802

2,5817,0984.56

52 12042, 363

652, 696.212

2 280, 51223, 17961, 848

221, 400149 822134, 518

197, 34683 920

.179

1,35555, 512

433, 8712, 851, 214

417,530121, 909327, 037

58, 91945, 248

103, 801

9009,840

82, 084

584529

1 279504

39,91339, 3321,886

37, 446

29 80727, 49234 681

37, 49231, 625

47, 69827, 486

82. 2799,8637,173

322688

1,515

319, 88456, 737

218, 547188, 644

185, 037135, 22644, 497

1 336, 814.203

2,2986,4074.54

46 85740, 462

652, 657.210

24, 04650, 901

234, 386179 073159, 187

230, 95097, 092

.165

1,19359, 669

412, 4812,883 571

388. 109121 614329, 625

58, 21742 173

105, 938

1698,578

73, 295

522509

1 287556

58 89924, 8782 050

22, 827

30 47625, 20236 287

38, 13227, 987

42, 36425, 099

82, 1439,1031,767

163545

1,180

253, 20856, 176

176, 041174, 795

164, 076117, 87035, 623

1 383, 410.220

2,2435,5474.23

44 02041, 734

659, 688.195

22, 45749, 430

222, 247180 626168, 379

240, 510103 120

.155

84257, 659

445, 0142 850 666

365, 093119, 944325, 955

52,11440 075

100, 536

2989,429

73, 055

483482

1 275589

61, 39524, 5962 563

22, 032

26 36720, 92325 848

33,17630, 494

45, 22226, 727

81,3879 0133,731

55433802

201, 18247, 336

143, 727162, 209

136, 955107,39928, 019

1 413, 893.190

2,1964,4304.16

45 70743 661

659, 383.186

21, 54042, 708

218, 381183 469164, 911

245, 027109, 459

.150

70661, 905

454, 9602, 808, 368

349, 058117, 906329, 408

50, 35737 913

105, 411

5 1419,451

68, 538

430487

1 202632

58 56131, 0674 389

26, 678

32 79411, 95223 668

41, 62631,011

48, 03728, 085

79, 8698 9617,921

22306518

146, 19146, 396

106, 633129, 093

123, 723106, 10828, 523

1 434, 758.180

1,8973 6083.93

38 95344 651

646, 589.176

20, 12932, 307

204, 138198 641171, 062

224, 072130, 234

.148

55663, 111

460, 0582,827 506

321, 630114 807336, 784

49, 98236 701

111,895

11 0609,758

66, 640

382442

1 123624

49 81528, 6382 049

26, 590

23 06811 26721 892

29 56432, 465

48,31528, 306

67, 2858 8997,522

14218315

101, 13357, 870

72, 08296 917

100, 080109, 36928 784

1 432, 620.180

2,0833 4403.96

41 64743 685

638, 021.178

19, 68228 493

199 002181 249171, 244

197, 473126 720

.144

48957, 251

443,0172, 902, 335

305, 335115 548367, 590

49, 48631, 969

115, 580

12 74810,17469, 931

343410

1 054572

32 67430, 9355 051

25, 884

16 0514 061

16 455

21, 48627, 765

43, 43626, 131

56, 7077 5969,777

14153176

69, 83858, 946

52, 82258 602

79, 578113, 26028, 764

1 401, 400.185

2, 1723 0594.00

44 01543 565

637, 9754.155

18, 61730 838

189 977177 198188 112

185, 122111 280

.174

58651,315

477, 9392, 982, 331

290, 08895, 111

377, 329

44, 93231 098

118, 495

22 6318,331

84, 479

305361

1 017536

30 91135. 478

5 44730. 031

18 02811 97421 390

22, 63226, 745

41,11923, 431

49, 6997 578

15,089

78117137

55, 74645, 104

41, 14341 077

54, 02390, 15017, 070

1 361, 320.205

1,5803 3464.02

31 86045 899

634, 474*. 150

17, 53922 339

179 498162 158142 825

180 130116 618

'.174

76462, 515

447, 4813, 047, 591

286, 050r 114, 199

339, 625

46, 04035, 164

113, 738

22 6839,919

88, 854

354394

952498

41 33135, 171

5 17729, 993

37 6(5513 57029 563

47 69236, 466

51, 83630 364

50 7188 730

12 237

398148386

70 05947 876

44 76838 375

42 28592 72723 978

1 318 006.205

2 2953 7944.17

46 90454 981

622 350r 4. 152

17 5499 071

178 795175 008154 982

136 414124 222

.170

1 01066 177

428 8103 081 284

290 840110 782329 643

43 60037 100

107 634

13 40711 76389 990

433413

962438

32 55010 070

41 09638 003

56 54534 112

46 9747 616

1 173525

1 035

248 66081 857

156 459103 809

71 655103 26232 434

1288 212.191

3 31 033

2 3035 4614. 17

46 70251 481

616 5374.156

3286 20914 96911 751

155 632166 542187 775

98 28796 046

.156r Revised. l Includes stocks owned by Commodity Credit Corporation. 2 December 1 estimate. 3 October 1 estimate. * Minneapolis price; comparable data for May 1952, $0.155.^Revisions for 1950 for production, consumption, and stocks will be shown later.cfBeginning with September 1950, data included for sperm oil, crude palm, castor, and coconut oil are on a commercial stocks basis.*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.§Revisions for flaxseed (1946-49) and soybeans (1944-49) appear in corresponding note in the September 1952 SURVEY.



Unless otherwise stated, statistics through.1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

1951


berDecem-

ber

1952


ber

CHEMICALS AND ALLIED PRODUCTS—Continued

FATS, OILS, ETC.— Continued

Vegetable oils, oilseeds, etc. — ContinuedOleomargarine:

Production thous. of lb. _Stocks (factory and warehouse) doPrice, wholesale, vegetable, colored, delivered

(eastern U. S.)* dol. perlb..Shortenings and compounds:

Production thous of lbStocks end of month do

PAINTS, VARNISH, AND LACQUER f

Factory shipments, total thous. of dolIndustrial sales doTrade sales do

SYNTHETIC PLASTICS AND RESINMATERIALS

Production:Cellulose acetate and mixed ester plastics:

Sheets rods and tubes thous. of IbMolding and extrusion materials do _ _

Nitrocellulose sheets rods, and tubes doOther cellulose plastics do _.

Phenolic and other tar acid resins - - - _ do.Polystyrene doUrea and melarnine resins doVinyl resins § - - --doAlkyd resins § doRosin modifications - ^do ___Miscellaneous resins § do

85, 07416, 461

.290

109,63697, 018

2,6684,440

3981,050

33, 05430, 37214, 56139, 15426 168

5,64315, 447

98, 21919, 218

.290

136, 46994, 231

2,4314,564

615919

41,14229, 53416, 17941,89827 394

6, 54616, 146

94, 97917, 704

.290

131, 72193, 110

1,7133,382

508796

35, 85928, 62014, 34340, 59626 0486,883

14, 920

96, 24018, 830

.289

116,509101,441

80, 796

2,5262,894

467507

28, 97026, 46712, 96142, 02924, 929

6,72915, 169

128, 14517, 485

.289

128,31394, 405

113,44542, 03171,414

2,9574,243

521734

31, 65227, 39516, 00543, 44628, 6166,592

15. 860

114, 05124, 951

.259

131, 04091, 890

106, 38641, 60864, 778

1,9424,178

508792

28, 73126, 51814,93339, 24528,014

7, 85513, 163

96, 76221,655

.259

128, 91289, 120

110, 93841, 59469, 344

1,8414,380

479784

28, 26225, 95115, 45939, 20828, 300

7,50216, 586

101,13622, 419

.253

127, 37593, 408

124, 67044, 28780, 383

1,8804,985

527683

24, 13124, 96714, 23335, 95528 418

7, 39617, 122

100, 70915, 839

.249

138, 69283, 228

126, 76844 62082, 148

1,7704, 122

485657

24, 00923, 95914, 95531.89729 3268,030

17, 341

104, 04026, 837

.266

142, 74981, 922

122, 57140, 75781,814

1,7133,805

453400

24, 82726,41315,31229, 35728 5077,882

17, 467

68, 69523, 807

.271

112,62488, 436

111,09336 80874, 285

2 0134, 504

377442

20, 981r 26 259

11,18928, 75624 349

7, 33714, 368

86, 56415 584

r .269

125 11492, 5o9

113,30240, 99472, 308

1,9984,866

439404

26, 85022,00716, 66929, 58225 692

7 57217, 868

125, 69418 615

.276

140 17174 126

ELECTRIC POWER AND GAS

ELECTRIC POWER J

Production (utility and industrial), totalmil. of kw.-hr._

Electric utilities, total doBy fuels - - do _ _T3y water power doPrivately and municipally owned utilities

mil. of kw.-hr__Other producers do

Industrial establishments, total _ _ _ _ _ _ d o _ _By fuels doBy water power _ _ do

Sales to ultimate customers, total (Edison ElectricInstitute) mil of kw -hr

Commercial and industrial:Small light and power _ _ _ do _Large light and power do

Railways and railroads doResidential or domestic doRural (distinct rural rates) doStreet and highway lighting doOther public authorities doInterdepartmental do

Revenue from sales to ultimate customers (EdisonElectric Institute) thous. of dol

GAScf

Manufactured and mixed gas (quarterly):Customers end of quarter total thousands

Residential (incl house-heating) doIndustrial and commercial do

Sales to consumers total mil of thermsResidential doIndustrial and commercial do

Revenue from sales to consumers, totalthous of dol


Natural gas (quarterly):Customers end of quarter total thousands


Sales to consumers total mil. of thermsResidential (incl house-heating) doIndustrial and commercial do

Revenue from sales to consumers, totalthous of dol


35, 27530, 25423, 222

7,032

26, 1724,0825,0204,722

298

26 777

5,03013, 321

4136, 065

98026965940

476, 635

8,4637 892

566608321278

104 03672 72330, 508

16 08614 829

1, 2398,8361, 2657 027

217 802107 903153, 935

37, 80432, 43724, 883

7, 553

28, 2184,2195, 3675,027

340

27 114

4,81313, 919

4466,186

72030268642

477, 724

37, 32132, 10324, 0288,075

27, 9344,1695,2174,872

345

27, 481

4, 86113, 779

4756,712

57732571339

488, 495

38, 51733, 17024, 044

9, 126

28, 5434, 6275,3474,927

420

28, 263

4, 97613, 704

5277,447

52134769943

501, 349

8, 0577 505

548832520296

127, 48191, 56234, 598

17, 06615, 683

1, 36411,7193, 7537 462

454 744256, 085188, 353

39, 71034, 20324. 3029,901

29, 0065, 1975,5075,042

465

29, 217

5, 12413, 797

5238, 170

50334871735

522, 258

36, 76831, 53622, 075

9, 461

26, 7174,8195,2324, 766

466

28, 708

5.04813, 700

4887,902

49631872235

514, 575

38, 56833, 04022, 59710, 443

27, 6475,3935,5295,022

506

28, 453

4,94513, 869

5047,548

54429871035

504, 334

7,9327 376

5511, 156

785353

165, 655121, 28742, 851

17, 55316, 1011,434

14, 8616, 4098 037

648 863416. 815222, 670

36, 73631,51521, 5539,962

26, 5594, 9565,2214,753

469

27, 766

4,79213, 764

4587, 157

59826869830

494, 080

37, 06531, 82422, 132

9, 692

26, 9104,9155, 2404, 745

496

27, 178

4,76713, 669

4446,679

63924969140

486, 460

36, 05231, 52522, 366

9, 160

26, 4515,0754,5264, 141

385

26, 856

5,04613, 069

4046,544

80023671344

488, 551

7,3366 819

512809491308

120, 92886, 27733, 743

18, 14516, 6941,433

11,1133, 2127, 529

434, 422236, 113190, 375

37, 00732, 52323, 785

8, 738

27, 2495,2744,4844, 159

326

26, 914

5, 36112,638

3966,567

99424267145

493, 359

39, 75234, 36125, 8448 518

28, 8605,5015, 3915,026

365

38, 75933, 37626,019

7 357

28, 6194 7575,3835 067

316

T Revised.*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics. Data prior to February 1951 will be shown later.tRevised series. Data are estimated total factory shipments of finished paint, varnish, and lacquer. Figures supersede those shown in the SURVEY prior to the June 1952 issue,

which did not measure total shipments. Available figures for 1951 (January-August, respectively) comparable with the present series are as follows (thous. dol.): Total shipments — 128,102;117,025; 132,257; 122,925; 128,048; 121,382; 109,449; 116,225; industrial— 48,807; 44,938; 52,638; 47,892; 48,325; 45,348; 42,477; 45,409; trade— 79.295; 72,087; 79,619; 75,033; 79,723; 76,034; 66,972; 70,816.

§See note "1" in the February 1952 SURVEY and earlier issues regarding changes in classification and coverage beginning with data for January 1951.J Unpublished revisions for January- July 1950 and 1951 for electric-power production will be shown later.

1932-44 w

.l sales data formerly expressed in cu. ft. are now published in therms by the compiling source; 1932-49 figures expressed in therms and minor revisions for customers and revenue forill be shown later. Revisions for the first 2 quarters of 1950 are shown in the corresponding note in the October 1951 SURVEY; those for the first 2 quarters of 1951 will be shown later.


November 1952 SUKVEY OF CURRENT BUSINESS S-27


1951

SCberm" OctoberNovem-

berDecem-

ber

1952

January Febru-ary March April May June July August Se^m"

FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGES

Fermented malt liquors:Production thous. of bblTax-paid withdrawals doStocks, end of month _ . do -

Distilled spirits:Production __ __thous. of tax galConsumption, apparent, for beverage purposes

thous. of wine gal..Tax-paid withdrawals thous. of tax gaL,Stocks, end of month _ doImports thous. of proof gal

Whisky:Production thous. of tax galTax-paid withdrawals doStocks, end of month doImports thous. of proof gal

Rectified spirits and wines, production, total c?thous. of proof gal ._

Whiskv doWines and distilling materials:

Sparkling wines:Production _ __ thous. of wine galTax-paid withdrawals- do -Stocks, end of month. do__ _Imports do

Still wines:Production doTax-paid withdrawals _ _ . _ __ do _Stocks, end of month doImports do

Distilling materials produced at wineries. ..do. ._

DAIRY PRODUCTS

Butter, creamery:Production (factory) J thous. of lb_.Stocks, cold storage, end of month doPrice, wholesale, 92-score (New York)_dol. pcr lb__

Cheese:Production (factory), totalj thous oflb

American, whole milkt doStocks, cold storage, end of month, total... do

American, whole milk doImports _ ._ _ - - _ - d oPrice, wholesale, American, single daisies (Chi-

cago) dol per IbCondensed and evaporated milk:

Production^Condensed (sweetened):

Bulk goods thous oflbCase goodsO - do

Evaporated (unsweetened), case goods .doStocks, manufacturers', case goods, end of month:

Condensed (sweetened) thous of IbEvaporated (unsweetened) _ _ do

Exports:Condensed (sweetened) __ _ doEvaporated (unsweetened") _ _ d o ._

Prices, wholesale, U. S. average:Condensed (sweetened) dol. per case. _Evaporated (unsweetened) do

Fluid milk:Production J mil of IbUtilization in mfd. dairy products doPrice, dealers', standard grade dol. per 100 lb._

Dry milk:Production: t

Dry whole milk _ thous. of IbNonfat dry milk solids (human food) do

Stocks, manufacturers', end of month:Dry whole milkNonfat dry milk solids (human food) do

Exports:Dry whole milk _ _ _ __ do _Nonfat dry milk solids (human food) do_ _

Price, wholesale, nonfat dry milk solids (humanfood), U. S. average dol. per lb._

FRUITS AND VEGETABLES

Apples:Production (crop estimate) thous. of bu._Shiprnents, carlot no. of carloadsStocks, cold storage, end of month ._ thous. of bu._

Citrus fruits, carlot shipments no. of carloads. -Frozen fruits, stocks, cold storage, end of month

thous. of lb._Frozen vegetables, stocks, cold storage, end of

month thous. of lb__Potatoes, white:

Production (crop estimate)! thous. of bu._Shipments, carlot no. of carloads.Price, wholesale, U. S. No. 1 (New York)

dol. per 100 lb._

7,0326 995

10, 521

22, 147

16, 877r 11, 253914, 577

1,766

8, 158' 6, 888

755, 4571,628

' 10, 3829, 501

6795

1, 58543

r 29, 046r 9, 904

' 139, 442269

' 73, 229

93, 638113, 501

.682

93, 99171, 643

272, 053239, 500

3,588

.410

15, 0674,721

' 195, 594

5,878501,412

2, 61626, 573

10.806.06

9, 1453,407

5.20

7, 338r 44, 286

25, 511109, 868

2,8352,675

.149

1J277, 6846,332

599, 766

515, 766

~~"I2,373

4.171

6, 8416 732

' 10, 212

* 34, 751

22, 403r 15, 673' 912, 263

2,557

10, 3229,129

' 754, 1472,209

' 12, 645* 11,271

r 47

' 135' 1, 485

72

r 77, 505«• 11, 536' 210, 561

424r 150, 630

86, 63394,611

.707

83, 63059, 756

259, 415229, 561

3,288

.424

13,3975, 206

166, 756

6, 957448, 008

1, 46312, 590

10.806.05

8,5283,060

5.30

6, 00536, 056

23, 28882, 219

3,8362,139

.147

4," 163"28, 3756,201

571. 229

554, 175

"""I8," 289"

3.865

r 6, 137r 6. 411' 9, 505

r 28, 420

15, 958' 11,053

r 917, 2051,880

*• 10, 961r 6, 674

756, 5211,714

r 9, 550' 8, 521

80173

«• 1, 384115

' 39, 137' 12, 237' 237, 592

538' 87, 330

68, 43659, 349

.740

65, 03043, 358

232, 968204, 683

4,095

.431

11,2164,620

131,272

8,777357,311

1,1244,277

10.806.08

7.6112,3785.38

4,64825, 502

19, 61256, 548

5, 5982.994

.150

3," 637"28, 000

7,727

489, 932

522, 076

"" "19,079"

4.736

' 6, 291r 6 089

9,240

r 19, 396

19, 427*• 7, 731

' 925, 1951, 696

»• 10, 4654,682

760, 8031,516

* 7, 3546,516

118173

1,31698

' 8, 396' 10, 904' 231, 617

605r 25, 981

70, 39727, 051

.791

66, 49143, 684

222, 136194, 784

3, 863

.449

13, 6366,191

141, 096

9,185225 988

1,2626,048

10.806.19

7,7972,4775.43

6, 15735,960

17,91742, 265

4, 9322,508

.151

i 110. 6602, 856

22, 11311,839

496, 386

498, 3401 325, 708

16, 378

5.540

r 6, 971r 6 447r 9, 303

" 17, 033

12, 038r 6, 588

' 932, 5781,254

9,5484,095

765, 0291,129

' 5, 1004,348

14176

1, 36541

' 2, 937MO, 704' 222, 569

391T 6, 253

77, 43513, 874

.803

68, 76046, 810

193,272167, 824

4,895

.444

13, 6006,550

157, 000

6,585140, 611

6,8565,731

10.806.25

8,1782,7065.44

7, 32545, 250

1 6, 76529. 677

3, 6631,639

.152

"""2,449"16, 01411, 548

465, 137

444, 409

~~~I8," 556"

6.875

>• 6, 607»• 5 604r 9, 895

r 15, 547

12, 459r 7, 747

r 936, 4201,210

9,114' 4, 646

r 767, 8191,102

r 6, 091' 5, 410

'67'61

«• 1, 35427

1, 368r 10, 630

r 210, 203292526

77, 2507,879.845

70, 54047, 210

166,040142, 945

3,385

.436

14, 1006,025

164, 850

7,38874, 505

3,2157,025

10.806.34

8 1702,7315.48

6,90050, 345

14 62524, 327

3, 4947,908

.156

2"047"10. 75310, 472

471, 101

398, 699

~~~22,"043"

6.660

r 7 3266 099

r 10, 663

15, 009

14, 4499, 757

940, 0711,515

8, 6485, 536

768, 7451,401

' 7, 090r 6, 186

5559

1, 33431

1, 462«- 11,411' 199, 116

416456

92, 0306,505.738

85, 73558, 465

155, 195133, 815

2,832

.429

18, 0007,400

205, 000

8,23776, 443

4,7295,676

10.806.38

9 4943,292

5.46

9,00067, 900

13 34334, 566

5,3714,305

.159

2"008~5,983

11,397

466, 735

348, 023

~ ~ ~ 2 4 ~ 138"

6.025

r 7 4396 744

10, 891

' 14, 194

13, 905r 9, 573

r 941, 0571,315

8, 0454,997

769, 7631,208

' 6, 9446, 037

20169

1,45831

1,64410, 453

' 189, 087427

'770

103, 78010, 522

.714

102 45074, 410

158,949139, 705

3,263

.423

20 8004, 500

261, 850

7 299123, 180

2, 3018,296

10.806. 39

10 1293 8235.33

9, 86082, 300

14 55854, 691

2,4994,415

.163

1~450"2, 894

11,218

475, 636

313, 708

13, 534

5.820

r 7 9627 381

r 10, 941

11, 642

14, 618r 9, 345

r 940, 4321, 362

6,7934,546

769, 9961,265

* 7, 422' 6 469

12971

1,51036

1,6409,368

r 181 416365' 126

134, 97030, 821

.693

138 275106 525185, 927164 654

1,904

429

34 1003 900

366, 100

8 195225 802

2, 6568. 031

10. 806 32

12 0495 0615.26

11 250122, 300

16 785108, 457

2 8429,839

.163

9351, 037

12, 605

537, 679

301, 739

~~~12~825"

5.570

8 9758 412

' 10, 962

* 8, 577

13, 119' 9, 721

r 937, 1561 326

4 823r 5, 026

767, 5581,234

' 7, 024r 6 150

10286

1,51535

8539.120

170 606360155

131,05568, 616

.690

139 475109 245217, 604192 920

2,942

435

25 2004 725

347, 750

9 540390 517

1 52810, 351

10. 806 30

11 9564 9725.23

13 150116 900

18 916150, 703

5 1182,303

.163

983282

9.561

580, 264

336, 911

~~~24~094~

4.844

r 10 1169 266

11, 190

6,444

13, 1409,972

932, 4141 229

2 5154,322

763, 4901, 141

7,5906 389

6373

1, 50328

5477,980

162 733272

1,758

122, 49099, 751

.714

122 30094 490

239, 632211 477

3,873

436

18 4003 540

271, 500

7 975417 013

2 32110, 570

10.806 33

11 0394 4395.33

9 75085, 250

r 21 385161,821

3 4533, 567

M65

40s"153

9,709

593, 518

385, 494

13 037

6.708

8 6348 159

11, 126

6,453

13, 4328,006

929, 0331 088

2 6773,980

760, 079979

5, 9364 785

10078

1, 51828

1 7418,440

153 728297

6,871

r 108, 320••111,400

.737

r 112 370r 85 340

r 253, 563r 222 933

3,502

444

21 6503 650

276, 700

7 842480 266

1 6659 029

10.806 38

10 2104 062

5.43

9 90070' 500

23 602167, 576

2 9215,824

.165

283'238

5, 941

' 578, 699r 463, Oil

19 354"

7.025

7 1327 182

10, 597

9,837

~1 1,509921 480

3 2086 204

754, 200

8, 5857 504

94, 885110, 571

.732

99 23573 905

260, 454228 741

465

14 6004 650

245, 625

8 354408 805

10.806 39

9 0603 558

5.55

6 17550 590

22 306153, 634

.167

2 95, 9751 3955, 6155,091

553, 650

524, 4062 345, 561

15 930

6.187r Revised 1 December 1 estimate. 2 October 1 estimate.cf Figures beginning July 1952 exclude production of wines and vermouth; for July 1951-June 1952, such production totaled 91,000 gallons.^Revisions for production of dairy products prior to November 1950 are available upon request as follows: Beginning 1949 for butter, cheese, and nonfat dry milk solids; beginning 1950 for

condensed ana evaporated milk and dry whole milk. Revisions for fluid milk (January 1940-February 1951) will be shown later. Revised estimates for production of potatoes for 1944-49 areshown in corresponding note in the September 1952 SURVEY.

©Figures beginning 1950 represent whole milk only; earlier data cover both whole and skimmed milk.


S-28 SUEVEY OF CURRENT BUSINESS November 1952


1951


ber

FOODSTUFFS

Decem-ber

1952

January FaryU~ March APril May June July | August ^ber™'

AND TOBACCO— Continued

GRAIN AND GRAIN PRODUCTS

Exports, principal grains, including flour and mealthous. of bu

Barley:Production (crop estimate) t doReceipts, principal markets doStocks, domestic, end of month:

Commercial doOn farmsj do

Exports, including malt- _ _ _ . do- _Prices, wholesale (Minneapolis):

No 2, malting dol. per buNo. 3, straight do

Com:Production (crop estimate) t mil of buGrindings, wet process thous. of b u _ _Receipts, principal markets doStocks, domestic, end of month:

Commercial _ _ _ _ _ _ do. _ .On farmst mil. of bu

Exports, including meal thous. of buPrices, wholesale:

No. 3, white (Chicago) dol. per buNo 3 yellow (Chicago) doWeighted average, 5 markets, all grades^ do

Oats:Production (crop estimate) i mil of buReceipts, principal markets thous. of b u _ _Stocks, domestic, end of month:

Commercial doOn farms! do

Exports, including oatmeal doPrice, wholesale, No. 3, white (Chicago), dol. perbu._

Rice:Production (crop estimate) t thous. of buCalifornia:

Receipts domestic rough thous. of IbShipments from mills, milled rice _ ^doStocks, rough and cleaned (cleaned basis), end

of month thous. of lb__Southern States (Ark., La,, Tenn., Tex.):

Receipts rou^h at mills thous oflbShipments from mills milled rice doStocks, domestic, rough and cleaned (cleaned

basis) end of month thous. of IbExports doPrice, wholesale, head, clean (N. O.)__dol . per l b _ _

Rve:Production (crop estimate)J thous o f b uReceipts principal markets! doStocks, commercial, domestic, end of month-doPrice, wholesale, No. 2 (Minn.) dol. per b u _ _

Wheat:Production (crop estimate) totalj mil o f b u

Spring wheat doWinter wheat do

Receipts, principal markets thous. of b u _ _Disappearance domestic! doStocks, end of month:

Canada (Canadian wheat) doUnited States domestic totaled do

Commercial doInterior mills, elevators, and warehouses

thous of buMêr chant mills doOn farmsj do

Exports total including flour do\Vheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

dol. per b u _ _No. 2, hard winter (Kansas City) doNo 2, red winter (St. Louis) doWeighted avg., 6 markets, all grades do

Wheat flour:Production:

Flour thous of sacks (100 Ib.)Operations percent of capacity _ _Offal _ _- short toris__

Grindings of wheat thous. of bu__Stocks held by mills, end of month

thous of sacks (100 Ib.)Exports - doPrices, wholesale:

Spring, short patents (Minneapolis)*dol. per sack (100 Ib.)

Winter, har d , short patents (Kansas City) * . . do _ _

48, 627

12 411

28, 254171 419

4,056

1.4341.292

9,28921, 578

32, 7853 312. 9

4,188

1.7951.8011.712

15. 684

33,2131,103 455

543.856

31,64718, 109

23, 127

551 420191 062

383, 344133 772

.083

2,3306,1831.659

60, 975262 843

164. 4251 128 064

238, 443r 273 021

131 963r 480, 847

39 83935 482

2.4422.3832.4022.341

18 79588.5

377, 94443, 789

4,7121,870

5.8945.690

40, 441

10, 200

27, 704

1,554

1. 5421.389

10, 42424, 565

38, 497

5,161

1.7981.7821.709

7,503

31,507

149.918

190, 88744,418

102, 340

980, 355295, 248

697, 198157 879

.090

1,3816,4711.817

47, 284

223, 849

224, 941

33, 57330 136

2.5172.4522.4882.404

21,05582.2

456, 49649, 342

1,475

5.8855.713

47, 647

11,518

26, 779

1,385

1.6521.481

10,77433, 948

47, 299

6,158

1. 7621.8281.680

9,224

28, 173

5041.071

94,41777, 966

90, 071

330, 758186, 612

719,664191,466

.094

8066, 2171.933

35, 730

209, 143

202, 464

39, 60035 186

2.5972.5402. 5652.472

19, 87684.4

403, 21546, 684

1,895

6. 1385.850

48, 2201 254 668

8,039

25, 483124 287

2,995

1.5931.440

i 2 9419, 238

34,498

51,3941,919.310, 165

(4)1. 9261.699

i 1,3169,450

26, 931841 889

2541.045

i 97, 344

89, 76776, 982

77, 352

199 749177,402

676, 06687 408

.096

i 21,4101,2676. 3442.051

' 987. 5i 342.01 645 532, 396

281 351

218, 333856 807199,947

201,979113,007339, 33634, 80729 383

2. 5682.5412.6252.488

18, 38682.0

375, 64743, 333

4,7012.328

6.0445.710

54, 242

9,710

22, 042

930

1. 6381.471

10,85844, 823

58, 785

8,197

(4)1.9131.597

6,420

21, 186

208.992

120, 54080, 214

76, 825

209 432158, 633

642, 96389 502

.100

7416, 1362.036

26, 284

216,427

163, 161

44, 90041 297

2.5462.5192. 5552.471

21,21286.4

429, 29649, 683

1,546

5.9355.600

54, 902

9,481

21, 005

3, 903

1 5491.407

10, 00232, 248

63, 788

4,521

1.9981.8021.587

5,826

17, 065

503.912

131,132129, 926

42, 642

125,522125, 513

598, 059193,280

.105

6365,8441.915

29, 072

213. 163

144, 640

46, 78042, 139

2.5052.4922.5472.422

18. 51979.1

376, 24343, 337

1,992

5.8655.575

68, 928

7,787

19,16078 1314,024

1.4921.331

10, 48627, 248

61, 8491,067.810, 437

(4)1.8471.637

6,805

11,785516, 603

778.931

120, 62273, 485

54, 187

129, 682181,874

511,299104, 199

.105

8645,3212.027

24, 341341, 735

206, 068521,519124, 865

112,35780, 760

201, 50053, 34949, 049

2. 5402. 4962.4922.436

17, 92076.5

364, 21642, 025

5.0331,845

5.7205.650

50, 863

7,194

16, 385

2,305

1.4231.308

10, 74518,316

50, 173

7, 532

1.8681.8181.731

6,602

9,057

215.887

50, 53465, 063

25, 175

187, 253217,515

442, 860129 517

.105

4802, 8251.945

22, 191

202, 564

101,851

39, 75936 154

2.5032.4922.4402.414

18, 06573.6

362. 80442, 217

1,547

5.6755.600

52. 905

7 909

14 646

1,187

1 4431.234

10, 48717, 358

40, 741

6,859

(4)1 S421. 756

11,715

12, 046

5S8.908

65 41435, 882

32, 838

134 497277 223

285, 248259 380

.105

1.1631.9951. 928

23, 598

208, 850

88, 954

41 73338 565

2. 4852.446(4)2.405

17, 59975.3

352. 88141,096

1,360

5.5855.500

37, 529

6 172

14 7982 38 430

880

1 5301.316

9, 96420, 041

32, 526609. 24,237

1.9001.8301.763

9,130

16,0383 244 646

378.833

74, 24733, 526

48, 200

91,122211,604

153, 772121 058

.105

5471,2782.038

87, 348274 971

199, 056T 3256,964

3 93, 924r 2 57, 8793 39, 5683 64, 449

31,81227, 602

2.5052.3062.1042.350

18, 10177.5

367, 53542, 234

4,3601,807

5.6305.325

28, 794

10 110

14 861

3, 560

1 6121. 430

9, 55714, 293

20 772

3, 3l4

(4)1.8081.735

21, 604

24, 101

328.829

28, 69536, 124

30, 032

11,757108, 570

61,979141 312

.105

2,4491,5681.972

149, 329

189, 545

279, 426

21,41717, 232

2.5472. 2512. 1542.314

19, 09978.2

387, 69344, 530

1,796

5.5905.225

35, 649

23, 234

17 899

5, 575

1 7091.648

10. 19418, 206

17, 167

2,854

(4)1.8081. 764

22, 030

30,814

319.865

23. 30241,993

7,276

51 859.105

1,7703, 2101.951

59, 153

183, 353

308, 618

26,83123,385

2.4472. 3232.2112.413

19, 17782.3

386, 21944, 698

1,479

5.5055.225

2 222 47611 264

20 085126 049

1 6261. 480

2 3 25711,0062i, 567

18,186173.6

(4)1 7601.716

2 1 26610, 705

34, 2041 00? 436

.920

2 106, 067

12. 5933,298

12, 153

.104

2 15 759815

3, 2851.861

2 1, 298. 92 236 3

2 i 06? 643, 666

221 963

206, 6081,341,932

313, 561

367, 764149 271507, 015

2.4702.4092.2882.474

19, 71484.7

397, 00045, 901

4,834

5.3875.380

r Revised. * December 1 estimate. 2 October 1 estimate..3 Old crop only; new grain not reported until beginning of new crop year (July for barley,oats, and wheat; October for corn). * No quotation.JThe indicated grain series have been revised as follows: Production— barley, corn, oats, 1944-49; rye, wheat, 1945-49; rice, 1949; stocks on farms— barley, corn, oats, 1944-49; wheat, 1945-49;

domestic disappearance of wheat and total United States stocks of domestic wheat, 1945-49. All revisions will be shown later.fRevised series. Data are furnished by the Chicago Board of Trade and represent receipts at 12 interior primary markets; for names of markets and data for January 1948-July 1950, see

note marked "f" on p. S-28 of the October 1951 SURVEY.c^The total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.*New series. Data prior to February 1951 will be shown later.




1951


berDecem-

ber

1952


ber

FOODSTUFFS AND TOBACCO—Continued

LIVESTOCK

Cattle and calves:Slaughter (Federally inspected) :

Calves thous. of animalsCattle do

Receipts, principal markets doShipments, feeder, to 8 corn-belt States do _Prices, wholesale:

Beef steers (Chicago) dol. per 100 lb.Steers, stocker and feeder (Kansas City)._doCalves, vealers (Chicago), _ do

Hogs:Slaughter (Federally inspected)

thous. of animals. .Receipts, principal markets _ doPrices:

Wholesale, average, all grades (Chicago)dol. per 100 lb-

Hog-corn ratiobu. of corn equal in value to 100 Ib. of live hog__

Sheep and lambs:Slaughter (Federally inspected)

thous. of animals. _Receipts, principal markets doShipments, feeder, to 8 corn-belt States doPrices, wholesale:

Lambs, average (Chicago) dol. per 100 lb._Lambs, feeder, good and choice (Omaha) --do

MEATS

Total meats (including lard) :Production (inspected slaughter) mil. of lb._Stocks, cold storage, end of month do __Exports do

Beef and veal:Production (inspected slaughter) thous. of lb..Stocks, cold storage, end of month doExports - doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) dol. per lb._Lamb and mutton:

Production (inspected slaughter) thous. of lb_.Stocks, cold storage, end of month do

Pork, including lard, production (inspectedslaughter) thous. of lb_ -

Pork, excluding lard:Production (inspected slaughter) doStocks, cold storage, end of month do_ _ _Exports doPrices, wholesale:

Hams, smoked, composite dol. perlb..Fresh loins, 8-12 Ib. average (New York)_-do

Lard:Production (inspected slaughter) thous. of lb_.Stocks cold storage end of month do _ _Exports doPrice, wholesale, refined (Chicago) T_-dol. per lb__

POULTRY AND EGGS

Poultry:Receipts, 5 markets thous. of lb._Stocks, cold storage, end of month doPrice, wholesale, live fowls (Chicago) §-dol. per lb_.

Eggs:Production, farm . millionsDried egg production thous of IbStocks, cold storage, end of month:

Shell thous. of cases. .Frozen thous. of lb._

Price, wholesale, extras, large (Chicago)dol. per doz__

MISCELLANEOUS FOOD PRODUCTS

Confectionery, manufacturers' sales*.. .thous. of dol__Cocoa:

Imports _ ._ . _ _ long tons. .Price, wholesale, Accra (New Y9rk)_-dol. per lb._

Coffee:Clearances from Brazil, total. thous. of bags..

To United States _. .. do _Visible supply, United StatesJ doImports doPrice, wholesale, Santos, No. 4 (New York)

dol. per lb_.Fish:

Landings fresh fish Sports thous. of lb_.Stocks, cold storage, end of month do

373956

2 307515

36.9931.9036.25

4,3982,743

19.62

'12.0

8271,821

703

31.2532.64

1,37455056

553, 317102, 301

2,643

.594

36, 6527 227

784, 336

579, 276325, 959

5,753

.568

.559

149, 76928, 37241 753

.208

63, 264166, 242

.276

3,943468

958151, 293

.630

97, 000

9,622.341

1,482962619

1,217

.543

54, 520166, 100

5001 1402 928

893

36 7531.9737 10

5,6513,460

20.09

12.4

1,0842,152

822

31.0032.00

1,66853144

648, 917135, 560

892

.601

47, 4909 767

971, 381

718, 673276, 255

8 899

.574

.557

184,70531, 34429 808

.209

77, 471259, 920

.261

4,240370

527121, 592

.669

111, 000

6,090.321

1,7921,089

7361,742

.545

50, 468171, 924

4571 1222 063

460

36 2931.6336 00

6,5314 098

18.30

11.1

9221 157

305

31 0031.31

1, 841r 727

87

645, 256198, 647

2 189

599

42, 80312 536

1, 153, 267

850 917381 870

7 484

.549

.460

221, 09739 22970 076

.180

87, 278309, 943

.248

4 345357

23095 143

.664

111, 000

15, 555.295

1,7251,008

5621,882

.543

38, 843179, 135

344998

1 533200

34 5930.4536 00

6,9124 174

17.74

10.4

810946119

30 7530.50

1,866966108

585,399234, 679

850

579

37, 91513 720

1, 242. 339

905 863548 60411 257

.544

.427

246, 36353 61488 194

.190

76, 887302, 151

.284

4 793429

14167 200

.496

93, 000

16, 747.326

1,609945689

2 048

.541

25 946168, 792

3821 0961 648

133

34 2531.1936 50

6,8354 373

17.42

10.4

1,0421 150

123

30 250)

1,9771 146

113

656, 307256, 247

660

571

50, 53613 840

I, 269, 791

931 607704 99210 337

.546

.433

248, 03749 28496 445

.175

35, 651300, 000

.275

5 409894

23853 065

.398

89, 249

32, 672.331

1,604871658

r i 973

.550

23, 139148, 113

343985

1 481458

33 7832.0637 00

5,7793 626

17.07

10.4

990971109

28 000)

1,7151 264

115

593, 420265, 700

1 006

562

48, 98613 532

1, 072, 252

771 472793 870

7 675

.527

.423

220, 93453 816

100 339.175

35, 067270, 397

.295

5 7161 681

94260 576

.364

84, 067

27 023i358

1,331758955

r 2 280

.550

29 224125, 704

397927

1 473'l43

33 4131.9938 50

5,7763 561

16.56

10.1

971988119

26 880)

1,6561 313

94

557, 237267, 437

1 116

560

48, 20114 896

1, 050. 706

759 Q57822' 006

8 512

.526

.448

213, 34670 80379 627

.153

42, 273232, 832

.295

6 4412 325

1,59684 295

.382

78, 125

30 307.384

1,521899966

2 042

.548

37 963113, 996

405938

1 581128

33.3931.3237.00

5,2813,163

16.58

9.8

9411 068

\ 131

28.88(0

1,5571 320

65

566, 992252, 350

892

.564

45, 70313 067

944, 623

682 678823, 741

7 997

.531

.430

191,80388 82151 552

.145

41, 462194, 965

.258

6 1912 220

1 2, 184111 185

.396

74,423

24, 020.381

1,015626850

1 707

.535

51 478113, 544

3881 0091 593

155

33.2932.0636.75

4,4822,800

19.61

11.8

9391 070

141

28.120)

1,4761 201

62

610, 297224, 432

1 636

559

45, 30616 141

820, 518

594 319727 665

8 655

.531

.550

165, 818105 74946 395

.145

58, 058185, 688

.225

5 9832 037

3,184145 863

.359

60, 318

28, 764.384

953566756

1 126

.533

58 606123, 762

392966

1,584152

32.2227.2134.50

4,2592,771

• 19.25

11.2

9261 045

133

28.380)

1,4441 161

44

582,712201, 504

1,531

.540

41, 39214 902

819, 934

601 250685, 033

9 285

.569

.535

160, 274132 04129 038

.145

52, 212174, 040

.218

5 0321 427

3,357166 419

.404

54, 335

28, 764.378

1,024624691

1 227

.530

72 504152, 396

4301 1001,898

185

32.5325.2432.00

3,6412,268

19.96

11.6

9081,067

176

28.3824.25

1,41898349

659, 036171, 444

1,666

.534

38, 60111 814

720, 191

525 855542, 70710 833

.585

.552

141,823132 58332 421

.140

47, 806157, 045

.215

4 4631 571

2,728163 359

.525

47, 200

12, 977.381

1,177719579

1 408

.545

76 851176, 254

4261 1352,078

338

32.5225.1732.00

3,5922,203

19.98

12.1

1,0201,455

479

28.6224.63

1,39582550

669, 445r 167, 437

1,240

.559

43, 880r 11 318

681, 586

506, 990r 407, 558

5 892

.616

.612

127, 696' 124, 296

37, 288.138

52, 536r 144, 508

.235

4,1551 140

r 2, 169r 144 326

.553

60,948

9,043.354

1,455924605

1 454

.548

64 754183, 826

4961,2152,641

563

32.1923.5731.51

4,2902,540

19.11

11.2

1,2432,119

722

25.5023.10

1,527686

713, 624179, 754

.562

52, 83912 284

760, 409

571 228286, 181

.565

.569

138, 047106, 683

.143

64, 955182, 690

.245

4 1081 069

1,692121 754

.553

99, 443

.333

1,6011 045

889

.545

189, 208r Revised. 1 No quotation.§ Series revised to represent quotations for heavy type.*New series. Compiled by the U. S. Department of Commerce, Bureau of the Census, representing estimated total sales by manufacturers of confectionery and competitive chocolate prod-

ucts. The figures exclude sales of chocolate coatings and cocoa produced by chocolate manufacturers and sales by manufacturer-retailers with a single business location. Revised data forJanuary 1949-June 1951 are shown in corresponding note in the September 1952 SURVEY.

tFor revised data for July 1949-October 1950, see note marked "J" on p. S-29 of the January 1952 SURVEY.


S-30 SUKVEY OF CUEEENT BUSINESS November 1952


1951


berDecem-

ber

1952


ber

FOODSTUFFS AND TOBACCO—Continued

MISCELLANEOUS FOOD PRODUCTS— Con.

Sugar:Cuban stocks, raw, end of month

thous. of Spanish tons__United States:

Deliveries and supply (raw basis) :Production and receipts-

Production short tons _Entries from off-shore do

Hawaii and Puerto Rico do

Deliveries, total doFor domestic consumption doFor export do

Stocks, raw and refined, end of monththous. of short tons__

Exports, refined sugar short tons. _Imports:

Raw sugar, total do _.From Cuba doFrom Philippine Islands do

Refined sugar, total do __From Cuba . do

Prices (New York) :Raw, wholesale dol per IbRefined:

Retail dol per 5 IbWholesale dol per Ib

Tea, imports , thous. of lb.

TOBACCOLeaf:

Production (crop estimate) J _ mil.oflbStocks, dealers' and manufacturers', end of quar-

ter, total mil. of lb_Domestic:

Cigar leaf _ do._Air-cured, fire-cured, flue-cured, and miscel-

laneous domestic mil. of lb_Foreign grown:

Cigar leaf doCigarette tobacco do

Exports, including scrap and stems thous. of lb_Imports, including scrap and stems do

Manufactured products:Production, manufactured tobacco, total. . do

Chewing, plug, and twist doSmoking. _ .__ doSnuff do

Consumption (withdrawals) :Cigarettes (small):

Tax-free _ _ millionsTax-paid _ do

Cigars (large), tax-paid .thousandsManufactured tobacco and snuff, tax-paid

thous. of lb.Exports, cigarettes _ . _ _ .millionsPrice, whosesale, cigarettes, manufacturer to

wholesaler and jobber, f. o. b. destination*dol. per thous.

1,602

98, 067396 322111, 020

T 646, 784r 644, 579

2,205

'9562,011

252, 570212 52240, 041

28. 01328, 013

060

.496

.0835,835

3,760

373

3,203

17166

74, 7468, £03

19, 7777,0499,6693,060

2,77330, 800

490, 938

19, 4861,443

3.555

952

484, 289444, 726

92, 575

678, 741676, 573

2,168

1,1691,470

242, 519226 79911,984

45, 25145, 251

059

.486

.0814,945

87, 51913, 702

18, 2927,1208,0173,154

3,41637, 477

590, 616

14, 3741,208

3.555

577

627, 848314, 637102, 389

546, 529544, 224

2 305

1,5401,005

237, 419226 22511, 191

4,4264,424

.060

.482

.0815,842

60, 33710, 303

20, 6247,8539,2433,528

3,70833, 994

554, 341

24, 0051,742

3.555

427

472, 810164, 866155, 925

556, 802536, 614

20, 188

1,75618, 264

75, 34074 2171 120

10

058

482.081

6,713

fi 2, 328

4,271

350

3,732

18170

60, 6235,734

14, 9585,7396,0183,201

3,50823, 847

367, 906

14, 3531,443

3.555

718

84, 442364, 959

72, 083

581, 376578, 699

2 677

1, 613867

246, 416223 704

22 708

10, 22110, 220

058

483.081

7,769

33, 8368,572

19, 8847,5168,6193,749

4,141r 33, 133494, 556

19, 4501,517

3.555

1,883

32, 439293, 390

40, 217

544 553542, 900

1 653

1,4731,122

275, 173232 234

42, 938

22, 07321, 873

059

480.080

6,659

29, 7528,862

18, 5537,2537,8263,473

2,97429, 308

446, 560

18, 4901,215

3.555

3,033

24, 680692, 525221, 145

862 480860, 405

2 075

1,24111, 522

398, 577307 15191, 394

27, 24526, 895

063

476.080

9,855

4,245

402

3,648

19176

25, 8917,466

17, 9126,7057,7293,478

3,10729, 878

478, 101

16, 7591,566

3.555

4,033

29, 006596, 991180 047

612 641608 995

3 646

1,28325, 423

344, 860281 35562 886

52 05351, 403

062

489.085

8,798

18, 1267,685

18, 0486,8987,8523,298

2,88931, 774

491, 964

18, 076941

3.555

4,423

18, 150673, 682200 747

596 990595, 062

1 928

1,40031 620

436 800310 072126 728

31 46430, 664

062

492085

7,132

27, 0788,978

18, 8927,3288,4563,109

3,34832, 920

496, 512

18, 3311,492

3.555

4,388

46, 465503, 896142, 458

896 355894, 103

2 252,

1,11428, 369

358 007198 421159 587

36 19835, 524

066

492085

7,044

3,826

385

3,243

19179

27, 4977,987

18, 4447,3247,9953,126

2,36534, 511

496, 450

18, 4431,043

3.555

3,970

34, 190617, 564167, 422

758, 308755,061

3,247

9176,116

356, 970208 611148, 359

38, 10633,287

066

494.086

8,482

26, 0878,966

16, 3196,8277,2302,263

2,83333, 837

504, 045

15, 7441,329

3.555

3,645

9,971573, 936177, 671

734, 684731, 376

3,308

8312,525

345, 357245, 48582, 308

43, 03841, 012

066

.494

.0868,095

34, 7309,619

18, 5547,0118,3733 170

4,36635, 972

485, 006

18, 7871,810

3.555

3,320

91 126725 621237 299

744 355742 146

2 209

697

065

495086

2 2 235

35 275526, 696

19, 287

3. 555

LEATHER AND PRODUCTS

HIDES AND SKINS

Imports, total hides and skinsj thous. of lb_.Calf and kip skins - thous. of pieces. _Cattle hides!- -- -- do.__Goatskinst _ doSheep and lamb skins - do

Prices, wholesale (Chicago):Calfskins, packer, heavy, 9^£/15 Ibs.* dol. per lb_.Hides, steer, heavy, native, over 53 Ibs.* do

LEATHERProduction:

Calf and kip. _ _ thous. of skinsCattle hide thous. of hidesGoat and kid ... thous. of skins. .Sheep and lamb do

Exports:Sole leather:

Bends, backs, and sides thous. of lb_.Offal, including belting offal do__ .

Upper leather ._ _ _ __ thous. of sq. ft. _Prices, wholesale:

Sole, bends, light, f. o. b. tannery *.._ dol. per lb._Upper, chrome calf, B and C grades, f. o. b. tan-

nery* dol. per sq. f t _ _

25, 95678

1871,9315,755

.486

.323

4901,6461,8421,672

1817

1,706

.930

.955

21, 212105202

1,8142,358

.475

.310

6051,8612,0192,137

37

1,118

.800

.906

13, 05778

1581,821

925

.399

.216

5671,7501,8472,159

1889

2,621

.780

.807

11, 426110116

1,8641,133

.379

.188

6011,5552,0661,881

1782

2,321

.780

.808

12, 97281

1862,367

668

.400

.140

7171,8802,6142,047

843

1,549

.760

.787

10, 71726

1091,613

880

.375

.133

8051,8622,5132,279

27113

1,925

3.740

3.842

10, 3882774

1,7701,998

.325

.128

7321,7532,4302,081

6076

2,482

.710

.842

16, 447169128

1,8123,228

.275

.103

7921,7822,4402,102

1649

2,587

.670

.835

12, 771127239

2,0151,565

.388

.143

7031,8802,3372,291

1020

2,436

.670

.805

19, 148164133

2,4194,224

.388

.148

7691,8272,4172,315

2535

2,270

.705

.848

19, 460211232

3,4161,903

.425

.155

6851,610

r 2, 5951 911

5673

2,134

.705

.873

16, 003209

752 6482 520

.450

.175

9141 9092 2932 718

3945

2,747

.710

.890

.450

.160

.695

.928r Revised. ! December 1 estimate. 2 October 1 estimate. 3 Specification changed; earlier data not strictly comparable.^Revisions for tobacco (1944-49) are shown in note marked "§" in the September 1952 SURVEY; those for the indicated series for hides and skins (1950) in note marked "J" in the October

1951 issue.*New series. Compiled by U. S. Department of Labor, Bureau of Labor Statistics; data prior to August 1951 for sole leather and prior to February 1951 for upper will be shown later.




1951

October Novem- Decem-ber bcr

1952

JanuaryI Febru- March April May June July August Septein-

LEATHER AND PRODUCTS—Continued

LUMBER AND MANUFACTURES

septeiber

LEATHER MANUFACTURES

Shoes and slippers :tProduction total thous of pairs

Shoes, sandals, and play shoes, except athletic,total thous. of pairs

By types of uppers:^\lfleather doFart leather and nonleather do

By kinds:Men's doYouths' and boys' doWomen's, _ _ _ _._ _do _.Misses' and children's doInfants' and babies' do

Slippers for housewear doAthletic doOther footwear do

Exports § doPrices, wholesale, f. o. b. factory:*

Men's and boys' oxfords, dress, cattle hideupper, Goodyear welt dol. per pair..

Women's oxfords (nurses'), side upper, Good-year welt dol. per pair

Women's and misses' pumps, suede split do

36 130

30, 844

26. 8623 105

7 9691,258

15, 5803, 8002 2374, 660

189437283

5.760

5. 0373. 933

38 783

32, 822

29, 4503, 372

8,7551,319

15, 7134, 3212,7145, 395

205361229

5.623

4. 8363.933

34 884

29, 462

26, 2623,200

7, 7391,097

13,7114,2902, 6254, 930

180312359

5.586

4.7113.933

32 227

28, 794

25, 51 13, 283

7, 0231 , 068

13, 7404, 3562. 6073, 032

176225302

5.523

4.6783.890

41 306

38, 290

33, 6944,596

8,5771.263

19, 6765, 6233,1512,511

216289219

5.523

4.6783.801

42 518

39, 133

34, 0815,052

8,5411,371

20, 3655, 6673,1892, 851

233301321

5.523

4. 8613.767

43 967

40, 142

34, 4085,734

8, 5311,374

21,1915, 7853, 2613,277

223325400

5.523

4.861

43 082

38, 879

32, 6586,221

8, 6131, 369

20, 3635,2923,2423, 647

216340386

5.311

4.678

41 436

37, 248

31,5365,712

8,4621,492

18, 9735, 1683, 1 533, 626

209353352

5. 126

4.646

39 747

35, 408

30, 7354,673

8,2791 , 586

17, 9264, 7282,8893,816

181342280

5.126

4.6463.700

38 520

33, 946

29, 9384,008

7,2561,485

18, 3854,3932,4274,070

169335246

5.126

4.4793.700

46 522

40, 703

36,3854,318

8, 9861, 949

21, 9105, 1352, 7235,249

234366,331

5. 126

4. 4793 700

5. 126

4.4793. 700

LUMBER— ALL TYPES

Exports, total sawmill products M bd. ftImports, total sawmill products doNational Lumber Manufacturers Association:©

Production, total mil. bd. f t _ _Hardwoods doSoftwoods do

Shipments, total doHardwoods _. _ __ doSoftwoods do

Stocks, gross (mill and concentration yards), endof month, total mil. bd. ft

Hardwoods doSoftwoods do

SOFTWOODSDouglas fir:©

Orders, new doOrders, unfilled, end of month _ _ _ _ doProduction doShipments doStocks, gross, mill, end of month doExports, total sawmill products - _M bd. ft

Sawed timber doBoards, planks, scantlings, etc do

Prices, wholesale:Dimension, No. 1 common, 2" x 4", R. L.

dol. per M bd. ft..Flooring, B and better, F. G., I" x 4", R. L.

dol. per M bd. ft..Southern pine:©

Orders, new mil. bd. ftOrders, unfilled, end of month « doProduction doShipments . doStocks, gross (mill and concentration yards), end

of month mil bd ftExports, total sawmill products M bd. ft

Sawed timber doBoards, planks, scantlings, etc - - -do __

Prices, wholesale, composite:Boards, No. 2 and better, 1" x 6" x R. L.*

dol. per M bd. ftFlooring, B and better, F. G., 1" x 4" x S/L*

dol. per M bd. f t _ _Western pine:©

Orders, new mil. bd. ftOrders, unfilled, end of month _ . doProduction doShipments doStocks, gross, mil], end of month _ _ _ doPrice, wholesale, Ponderosa, boards, No. 3 com-

mon, 1" x 8" dol. per M bd. ft

SOFTWOOD PLYWOOD

Production thous. of sq. ft., %" equivalent..Shipments doStocks, end of month do

HARDWOOD FLOORING

Maple, beech, and birch:Orders new M bd. ftOrders, unfilled, end of month doProduction _ _ doShipments doStocks, mill, end of month ... do

76, 371206 518

3, 059645

2 4142, 805

4962,309

7, 9302 8435,087

815988844798893

38, 4387,421

31,017

82. 212

129. 842

707370632666

1,58714, 2922,336

11, 956

78. 915

155. 061

655714642574

1,803

78.97

243, 039235, 70598, 984

3, 17514, 5004,8004, 1006.500

106, 032232 368

3, 262640

2 6223,194

5652,629

7,9982 9175,081

884946909913888

47, 67720, 82326, 854

82. 648

129. 842

772381692761

1 51816, 9963,522

13, 474

79. 735

155. 061

699745698646

1,857

78.85

269,140257, 872110, 150

3 70013, 5004, 7504 3506.900

81, 223213, 663

2,978593

2, 3852, 950

5972,353

8, 0252,9135,112

738828831844875

43, 71421, 14322, 600

81.741

128. 617

604337660648

1 5309, 5052,7146,791

80. 612

155. 061

594714602579

1,879

78.17

187, 341189, 508108, 524

3 35012, 9503,9003 6007.300

80, 437160 885

2,494558

1,9362,402

5181,884

8,1102, 9525,158

755904717668924

43, 65214, 85628, 796

81.368

128. 209

522310595549

1 57611,6653,7257, 940

80. 797

155. 061

496716393447

1,820

78.74

176, 257195, 38488, 454

3, 15012, 3003, 7503,5507.575

i 45, 873142,814

2,743567

2, 1762,777

5742,203

8, 2063, 0825,124

8831,030

799752971

15, 2509, 1106.140

81. 508

126. 575

748312791746

1,6218,8781,3907,488

80. 642

155.061

552684335454

1, 690

78.58

244,011238,91192, 577

4 80013, 0504,5003, 7508,250

94, 248168, 653

2, 805626

2,1792,879

6312,248

8,1273, 0775,050

8141,001

830833968

55, 54117, 65737, 884

82. 467

126. 575

712327707697

1,63111,9752,5959,380

80. 196

155. 061

490472365441

1,609

79.22

253, 003260, 81585, 003

3 55012, 2504, 1504 2508.050

69, 868203, 316

2, 958670

2,2882,950

6452, 305

8,1063,0755,031

806961860835993

37, 2549,292

27, 962

82. 887

125. 432

700318688709

1,61010, 2782,4007,878

79. 765

155. 061

498465451473

1,585

80.39

269, 857269, 73285, 350

3, 60011,7004. 3503, 8008.600

75, 651190, 425

3,162612

2,5503,217

6122,605

8,0163,0754,941

906904919949903

43, 30019, 09024, 210

85. 239

125. 759

744300758762

1,60610, 2761,3648,912

79. 676

155. 061

608602564579

1,594

82.10

282, 864282, 07085, 800

3 55010, 7004,3003,3509.475

68, 990209, 112

3,030604

2, 4262,996

6042,392

8, 0463, 0754,971

727848746771878

32, 49610, 49821, 998

84. 840

124. 942

749296780753

1,63311.0255,6735,352

79. 662

155. 061

609501592571

1,615

82.28

231, 160230, 15586, 003

3,57510, 2003, 6503, 6509.575

61,137221,006

3,158614

2, 5442,999

5582,441

8,2043,1315,073

775828829784923

31, 6217,121

24, 500

84. 840

122. 868

752334699714

1,6188,1501,9936, 157

78. 815

155. 406

680548698633

1,680

83.51

269, 066273, 12381, 849

2,8509,6003,4003, 5509,400

47, 533183, 140

3,196630

2,5663,030

5692,461

8, 3433,1925,151

900990778727948

19, 5428, 886

10, 656

86. 303

121. 234

756325735764

1,5896,4771,9284,549

79. 250

156. 068

739610753678

1,755

83.50

* 224, 756r 211 998

T 92, 747

4, 1009,7003, 0003, 6758,900

65, 135200 342

3, 398705

2 6933,305

6562,649

8,4363 2415, 195

865921920920948

36, 45012 36924, 081

' 86. 436

r 120. 418

759365705720

1 5745 9851, 3514, 634

r 80. 260

»• 158. 322

737656737687

1,805r 83. 54

279, 531272 193101, 237

4 050 !9. 5004, 0004 2508. 650

3, 460701

2 7633, 450

6852, 764

8,4513 2565,194

913812961

1,007902

v 86. 566

120.418

776372747769

1 552

» 81. 496

158. 322

719675709650

1, 864

v 83. 23

3 4509, 6503, 9002 9509. 675

r Revised. p Preliminary. l Data beginning January 1952 have been adjusted to conform to the 1952 revision of the export schedule.{Revisions for January-October 1950 are available upon request.cfThe figures include a comparatively small number of "other footwear" which is not shown separately from shoes, sandals, etc.. in the distribution by types of uppers; there are further

small differences between the sum of the figures arid the totals for shoes, sandals, and play shoes, because the latter, and also the distribution by kinds, include small revisions not available bytypes of uppers. §Excludes "special category" items.

*New series. Data are compiled by the U. S. Department of Labor, Bureau of Labor Statistics; monthly data prior to March 1951 (February 1951 for softwoods) will be shown later.©Revised monthly data for 1948-50 will be shown later.


S-32 SUKVEY OF CUREENT BUSINESS November 1952


1951


berDecem-

ber

1952


ber

LUMBER AND MANUFACTURES—Continued

HARDWOOD FLOORING— Continued

Oak:Orders, new M bd. ft..Orders, unfilled, end of month ,_ _ doProduction doShipments _ _ _ _ doStocks, mill, end of month do

84, 03265, 77874, 29775, 50063, 432

83,33566, 61386, 62885,37264, 688

57,15654, 98581, 03573, 26372, 460

49, 60753, 00264, 18154, 55482, 087

77, 91956, 99578, 65773, 92686,818

87, 84067, 79573, 09477, 04082, 872

80, 91976, 93175, 66077, 36681, 168

89,01879,14282, 92284, 64377, 817

84, 30678, 77784, 95384, 67177, 257

64, 92669, 93879, 70177, 84477, 096

70, 44666, 77579, 94179, 42877, 609

75, 16261, 72180, 07481, 53175, 371

81, 17861,13282, 02184, 13273, 260

METALS AND MANUFACTURES

IRON AND STEEL

Foreign trade:Iron and steel products (excl. advanced mfrs.):

Exports, total ._ short tons__ScrapO do

Imports, total - doScrap.. - ._ _ do ._-

Iron and Steel Scrap

Consumption, total§ thous of short tonsHome scrap doPurchased scrap _ _ _ . _ _ do

Stocks, consumers', end of month, total§ doHome scrap _ __ _ _ doPurchased scrap do

OreIron ore:

All districts:Mine production, thous. of long tonsShipments.-- - . _ _ _ _ _ d oStocks, at mines, end of month do

Lake Superior district:Shipments from upper lake ports doConsumption bv furnaces _ _ doStocks end of month, total do

At furnaces doOn Lake Erie docks^ - _ . d o

Imports doManganese ore, imports (manganese content)

thous of long tons

Pig Iron and Iron Manufactures

Castings, gray iron:§Orders unfilled for sale thous of short tonsShipments, total do

F o r sale - _ _ _ _ _ _ _ d oCastings, malleable iron:§

Orders, unfilled, for sale- - _ short tonsShipments, total do

For sale . _ _ _ _ doPig iron:

Production thous of short tonsConsumption § doStocks (consumers' and suppliers'), end of month §

thous of short tonsPrices, wholesale:

Composite dol. per long ton__Basic (furnace) doFoundry, No. 2, f. o. b. Neville Island do

Steel, Crude and Semimanufactures

Steel castings:Shipments, total short tons

For sale total doRailway specialties _ do

Steel forgings:1IOrders unfilled, total doShipments for sale total do

Drop and upset doPress and open hammer do

Steel ingots and steel for castings:Production thous. of short tons

Percent of capacity tPrices, wholesale:

Composite, finished steel dol. per lb._Steel billets, rcrolling (producing point)

dol. per short ton__Structural steel (producing point) dol. per lb_.Steel scrap, heavy melting (Pittsburgh)

dol. per long ton__

Steel, Manufactured Products

Barrels and drums, steel, heavy types:Orders unfilled end of month thousandsShipments doStocks, end of month _ _do

349. 61525, 455

255, 26817,116

6,0233,1272,8964, 4371,2153,222

14, 76414, 9006,381

12, 6727,473

r 45, 451T 39, 501

5,950848

71

2, 0551, 115

626

244, 57582, 27648, 568

5, 8905,898

1,818

53. 6752.0052.50

160, 695116, 65834, 693

1, 418, 515149, 73697, 32652, 410

8, 660101

.0471

56. 00.0400

45.00

8,5352,322

24

296, 08120, 651

248, 18617,417

6, 5743, 4093,1654,4921,2553,237

13. 90014, 6235, 639

11,0897,749

50, 22943, 4256, 8041,105

68

1,9831,302

733

238, 01993, 88458, 251

6, 1976,274

1,844

53. 6752.0052.50

189, 929139, 95339, 290

1, 426, 645191, 483130, 67560, 808

9,122103

.0471

56.00.0400

44.75

8,0362,511

26

344, 23221, 533

219,55924, 630

6,2683,2443,0244,4221,2403,183

7, 0527,5005,182

5, 6957. 624

49, 09942. 2586,841

740

79

1,9341,184

674

220, 74088, 21053, 682

5,9115, 922

1,811

53. 6752. 0052.50

176, 728131. 27634, 524

1, 446, 118176. 342119, 04757, 295

8,799103

.0471

56. 00.0400

44.00

7,2942,147

32

416, 70019,115

257, 30722, 013

6,1413, 1662,9754, 3661,1993,168

3,6823, 1325,794

7917, 639

43, 71137,3156,396

656

65

1,8471,033

583

215, 13470, 04545, 543

5, 9775, 916

1,751

53. 6752. 0052.50

165, 110123, 44832, 733

1, 410, 646165, 023109, 01456, 009

8,891101

.0471

56. 00.0400

44.00

7,8302,176

31

402, 29721 , 992

235, 43215, 169

6,5493,4263,1234,3561,1663,190

3,7042,1087,404

07,527

35, 92730, 3695,558

659

78

1,8011, 199

694

202, 79987, 00354, 988

6, 0406,106

1,761

53. 6752. 0052. 50

183, 738139, 48836, 650

1. 471, 620190, 774129, 76161, 013

9, 13699

.0471

56. 00.0400

44.00

8,1262,085

66

406, 83516, 247

182, 0909,285

6,2413,2153,0264, 6971,1533,544

3, 6052, 1608,849

07,229

29, 20724, 6934,514

624

70

1, 7661, 155

655

193, 06182, 89850, 129

5, 7855,756

1,764

53.6752.0052.50

174, 626133, 60231,317

1, 464. 255187, 487125, 04262, 445

8, 657101

.0471

56.00.0400

44.00

7,5701,961

59

502, 77817, 074

148. 56212, 115

6,6113,4073,2045,0721,1783,894

3,7142, 341

10,236

08,022

21,45118, 0823,369

674

73

1, 7111,172

661

196, 89680, 96049, 084

6, 3006,219

1,789

53.6752.0052.50

173, 694131, 99732, 118

1, 359, 752176, 441127, 76848, 673

9,404102

.0471

56.00.0400

44.00

7,7372,008

58

483, 07421, 200

119, 66113, 441

6,0043,0272,9775,4731,2364,238

9,0738,655

10, 629

6,5326, 616

19, 59216, 4873,105

687

80

1,6141, 205

653

198, 21589, 27056, 337

5,2255,280

1,715

53.6752.0052.50

175, 075134, 32533, 549

1, 349, 288168, 286125, 73642, 550

7,99190

.0471

56.00.0400

44.00

7,4842,207

51

529, 36029, 92899, 3157,635

6,0143,0342,9805,8611 2634,598

r 13, 693r 13, 769

10, 551

12, 4976,932

25, 90422, 2303,675

699

63

1,4591, 101

620

180, 38281, 77051, 476

5,4925,402

1,729

53.8052.0052.50

173, 635132, 12935, 227

1, 318, 889155, 840114, 27141, 569

8,20589

.0471

56.00.0400

44.00

7,0522,117

48

339, 75942, 05892, 5392,829

2,295985

1,3096,2451, 2724,973

1,6333,2458,940

2,4871, 403

27, 17022,6114, 559

860

47

1,446835502

173, 35374, 44646, 511

1, 0681,110

1,669

53. 8152.0052.50

141, 628114,41030, 455

1, 248, 204135, 398101, 86133, 537

1,63918

.0471

56.00.0400

44.00

6,4061,655

35

223, 83254, 73589, 5594,805

2 201906

1,2956, 5901,2995,291

2,7591,7819,906

1,9041, 544

27, 38822. 9044, 484

726

58

1,410636432

166, 51745, 26629, 675

1,003946

1,689r 54. 26

52.0052. 50

119, 03697, 63320, 752

1, 289, 59796, 82869, 16527, 663

1,62718

.0476

56.00.0400

44.00

6,5021,629

25

302, 28436 708

111,9577,601

14 97415.9928,888

14 3687 243

34 13729, 4494, 688

847

63

1 5181,003

603

162, 83263,71639, 308

5,831

T 56. 31T 54. 50r 55. 00

150, 232113,99724,013

8,49992

.0498r 59. 00

.0420

44.00

6,1331,964

34

14 3897,659

41 53236, 2065,326

6,164

56.3154.5055.00

9,062102

.0498

59.00.0420

44.00

'Revised.OData beginning 1951 have been adjusted in accordance with the revised export schedule to exclude exports of tinplate, circles, strips, etc.§Data beginning January 1951 are estimated totals derived from a survey of approximately 1,300 establishments by the Bureau of Mines and the Bureau of the Census.^The Bureau of the Census estimated industry totals beginning May 1951 are based on reports from forge shops (shipping 50 tons or more per month) which account for over 95 percent of

allforgings produced. For May, shipments by the additional plants increased total shipments 7 percent (based on revised data); for total unfilled orders, the adjusted May figure is increased27 percent and also includes orders for the manufacturers' own use.

{For 1952, percent of capacity is calculated on annual capacity as of January 1, 1952, of 108,587,670 tons of steel; 1951 data are based on capacity as of January 1, 1951, of 104,229,650 tons.


November 1952 SUEVEY OF CUREENT BUSINESS S-33


1951


berDecem-

ber

1952


ber

METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Steel, Manufactured Products— Continued

Cans, metal, shipments (in terms of steel consumed),total short tons

Food -_ _ _ doNonfood do

Shipments for sale doCommercial closures, production millions _Crowns, production thousand grossSteel products, net shipments:

Total _ . _ _ thous. of short tonsBars, hot rolled — Carbon and alloy do

Reinforcing doSemimanufactures _ _ _ d o - _Pipe and tubes _ _ doPlates ___ . . . doRails doSheets doStrip— Cold rolled do

Hot rolled- . doStructural shapes, heavy do . .Tin plate and terneplate doWire and wire products .do _..

NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary short tonsImports, bauxite__ _ . - long tons _Price, wholesale, scrap castings (N. Y.)

dol. per lb__Aluminum fabricated products, shipments,

total c? mil. of IbCastings. __ do _Wrought products, totalcf. do

Plate, sheet, and strip do __Brass sheets, wholesale price, mill dol. per lb._Copper:

Production:Mine production, recoverable copper

short tons _Crude (mine or smelter, including custom in-

take) short tonsRefined _ _ _ _ _ do _ _ _

Deliveries, refined, domestic do. _.Stocks, refined, end of month doExports, refined and manufactured doImports, total do

Unrefined, including scrap. ._ doRefined do

Price, wholesale, electrolytic (N. Y.)_.dol. per lb_.Lead:

Ore (lead content) :Mine production short tons _Receipts by smelters, domestic ore do

Refined (primary refineries) :Production doShipments (domestic) do -Stocks, end of month __ _ __ _do_ _ _

Price, wholesale, pig, desilverized (N. Y.)dol. per lb_.

Imports, total, except mfrs. (lead content)short tons__

Tin:Production, pig long tonsConsumption, p i g _ . . _ _ _ _ _ _ do_ _ _Stocks, pig, end of month, total§ do

Government!-- _ __ __ ._ do _ _ .Industrial do

Imports:Ore (tin content) .. _ _ _ do _ _Bars, blocks, pigs, etc ... ___ _do _ _ _

Price, wholesale, Straits (N. Y.) dol. per lb__Zinc:

Mine production of recoverable zincshort tons.,

Slab zinc:Production . _ _ _ _ _ _ _ d o _ _Shipments, total do

Domestic - _ __ _ do__ _Stocks, end of month do

Price, wholesale, prime Western (St. Louis)dol. per l b__

Imports, total (zinc content) short tons_.For smelting, refining, and export doFor domestic consumption:

Ore (zinc content) doBlocks, pigs, etc do

HEATING APPARATUS, EXCEPTELECTRIC

Boilers, radiators and convectors, cast iron:Boilers (round and square) :

Shipments thous. of IbStocks, end of month do

Radiation:Shipments thous. of sq. ft. _Stocks, end of month do

417, 378306, 610110 768371, 686

92724, 692

6,207712160314719657139

1, 548162185386358456

69, 429211, 953

.0775

171.041.9

129.277. 5.383

69, 024

74, 16574, 354

121, 87962, 0934,971

46, 56627, 55119, 015

.2420

27, 62027, 755

30, 47431, 65423, 640

.1700

13, 658

2,4144,947

25, 39213, 56711,790

5911,865

1. 0300

50, 118

70, 62364, 63258, 43617, 235

.175019, 8562,246

12, 4045,206

22, 12982, 630

4,0568,691

374, 200254, 635119, 565333, 018

1,02624, 625

6,844785170315809684165

1,716184199442394505

72, 647275, 407

.0775

189.645.4

144.182.5.383

81, 077

87, 896104, 148125, 286

78, 1929,864

42, 94318, 16424, 779

.2420

33, 11031,806

34, 27331, 16426, 742

.1900

20, 707

2,3535,014

22, 90511, 29211, 508

4, 5451, 969

1. 0300

60, 546

79, 43273, 58368, 36523, 084

.195017, 5562,309

7,2338,014

31, 08071,374

4,7987,860

263, 468156, 035107, 433229, 422

82019, 900

6,509778155283784666136

1,693165184421327479

72, 246229, 563

.0775

180.841.7

139.278.8.383

76, 917

82, 617103, 614123, 64668, 16016, 48839, 71413, 15126, 563.2420

32, 32628, 775

36, 23437, 08425,871

.1900

20, 009

2,0554,595

20, 3588,308

11,909

6431, 188

1. 0300

57, 195

79, 37677, 41970, 08425, 041

.195021, 4395,411

9,0366,992

19, 33568, 584

3,5127,572

235, 107140, 32594, 782

203, 902774

16, 903

6,411748162313777708146

1,590154180409352441

72, 454203, 624

.0775

175.240.9

134.375.5.383

78, 939

86, 68098, 532

119, 57771, 52816, 59936, 02119, 22916, 792

.2420

33, 49927, 273

36, 75437, 27425, 339

.1900

25, 765

1,9724,397

17,8436,753

11,018

1,8201, 591

1. 0300

57, 269

81,76984, 90973, 69421, 901

.195023, 9256,473

9,7277,725

11, 16869, 677

2,4707,784

234, 372143, 99790 375

195, 980976

22, 717

6,589797168285811707156

1,644180186427298477

76, 934325, 071

.0775

193.844.6

149.181.3.383

77, 691

83, 192100, 269130, 43060, 836

1 10, 59849, 58016, 67432, 906

.2420

34, 38128, 501

43, 74640, 39028, 578

.1900

15, 390

1,9844,879

14,7514,525

10, 125

1441,005

1. 0973

59, 523

83, 20578 40375, 03926, 703

. 195018,7112,306

11,7414,664

11 31873 039

2,7848,382

235, 648144, 43991, 209

199, 445896

24, 316

6,358757158268795711138

1,534158171437359448

72, 374212, 481

.0775

191.345.0

146.378.7.383

72, 564

80, 87695, 979

104, 79559, 74712, 84241, 94128, 36113, 580

.2420

34, 33740, 148

44, 13341, 29131, 297

.1900

42, 460

1,9904,524

13, 2973, 6179,567

1,472598

1. 2150

59, 098

77, 29677, 44870, 92826, 551

.195049, 225

4,996

38, 9805,249

10 21177, 267

2,2268,702

266, 920157, 279109, 641228, 841

96225, 357

6,890801193317872784162

1,609156170431478465

77, 069311,137

.0775

200.146.4

153.682.9.383

78, 851

87, 11094, 563

112, 62558, 48715,30348, 27225, 92822, 344.2420

33, 66241,251

48, 94339, 16141, 040

.1900

81, 496

2,0224,489

18, 2429, 0049, 119

8217,752

1. 2150

61, 292

85, 02885,57580, 12126, 004

.1950123, 605

6,821

108, 2808,504

9 16181, 800

2,0748,893

287, 223173, 414113 809240 976

1,10427 774

5 922693144292718658128

1,434143143354398422

76, 880209, 286

. 0775

209.749.8

159.985.1.383

80, 332

89, 47998, 402

107, 35561, 22319, 49442, 94823, 35419, 594

.2420

34, 36335, 762

39 32938, 22541,820

.1892

57, 770

1,9893,919

26, 17215, 45810 645

73210, 8941. 2150

60, 443

83, Oil85 59273,81823, 423

.1950122, 483

7,993

106 9257,565

9 48087 814

1,76010, 010

277, 629175, 158102 471239, 311

1,07130 241

5 947740158305723637133

1 484140156361334403

80, 803248, 033

.0768

205 547.8

157.886 5.383

81, 996

92, 94697, 593

105, 36255, 35120, 25237, 17214,34222, 830

.2420

33, 76736, 149

45 54628, 59158, 775

.1573

73, 435

1 9523,751

33 09322, 7419 820

9347,418

1. 2150

63, 017

83, 79774 07664, 45733, 144

.1950104, 640

5,047

92, 7166,877

13 34690 225

2,1459,665

333, 416218, 947114 469287, 127

1,01030 773

1 2501232855

18211011

321623336

10485

77 476272, 633

.0725

200 945 3

155. 587 7.383

74, 032

80 39292, 15198, 41670, 85618,34733 06126, 3386 723.2420

31,70232, 962

38 98739, 56358, 190

.1526

67, 611

2 1891,789

26 30115, 90410 358

3 0709,951

1.2150

58, 063

77, 46347 26536, 89463, 342

.1574106, 749

2,097

98 1656,487

16 96288 017

2,9258,782

r 423 894r 293, 370

130 524388 040

998r28 531

1 41413035

120152107

3425

593529

125108

78, 368318, 763

.0708

188 840. 1

148.786.1.402

T 76, 207

81 60196 049

115,17973 65715,43565 84738, 88326 964

.2420

r 29 84928, 829

37 48951 53444, 140

.1600

32, 765

2 1631 933

31 03721 0099 996

5 4816, 619

1. 2150

' 50, 231

76, 93043 353

r 38 71496 919

.150079, 445

832

62 70815, 905

17 28579 487

2,9157,676

465 820348 906116 914421 221

1 11529 462

6 312744188306717680121

1 567127155428479416

85 175305 987

.0740

206 346 8

159 692 2.402

72, 998

r 79 36895 366

r 127, 10683 77114 60461 11121 35539 756

.2420

r3'0 24932 393

41 83645 49939 767

. 1600

40, 196

2 2314 553

25 23316 4118 140

2 3788 501

1. 2150

r 49, 402

78 16778' 43 572 96396 651

. 14069,4701 164

4 0884 218

24 03773 627

3 9746.507

76, 882

.0750

165.795.8.402

81 86898 930

134 68971 456

.2420

29 81032 919

42 79149 85031 837

. 1600

1.2138

47, 729

76 0197H 12969 34394 541

.1398

T Revised. 1 Data beginning 1952 are in accordance with the revised export schedule and include certain primary forms of copper manufactures formerly excluded; the value of suchexports amounted to about $1.5 million in January-September 1951. 2 Production by detinners only,

of See note in June 1951 SURVEY regarding additional reporting companies beginning February 1951.§Government stocks represent those available for industrial use; total stocks include small amount not distributed.




1951


berDecem-

ber

1952


ber

METALS AND MANUFACTURES—Continued

HEATING APPARATUS— Continued

Boilers, range, shipments number--Oil burners:

Orders, unfilled, end of month doShipments. ._ _doStocks, end of month _ _ do

Stoves and ranges, domestic cooking, excl. electric:Shipments, total number

Coal a n d wood.. _ . _ _ _ _ _ _ _ _ d oGas (incl. bungalow and combination), do.- _Kerosene, gasoline, and fuel oil do

Stoves, domestic heating, shipments, total. _ _ doCoal and wood doGas doKerosene, gasoline, and fuel oil do

Warm-air furnaces (forced-air and gravity-air flow),shipments, total number

Gas doOil doSolid fuel do

Water heaters, nonelectric, shipments _ do -MACHINERY AND APPARATUS

Blowers, fans, and unit heaters, quarterly:Blowers and fans, new orders thous. of dolUnit heater group, new orders do

Foundry equipment (new), new orders,net _._ _ 1937-39 = 100 _

Furnaces, industrial, new orders:Electric thous of dolFuel-fired (except for hot rolling steel) . do _ _

Machine tools:New orders 1945^7 = 100Shipments. _ _ _ . . .. _ do

Mechanical stokers, sales:Classes 1 , 2, and 3 number. _Classes 4 and 5:

NumberHorsepower

Pumps, steam, power, centrifugal and rotary, neworders thous. of dol

ELECTRICAL EQUIPMENTBatteries (automotive replacement only), ship-

ments! thousandsDomestic electrical appliances, sales billed:

Refrigerators index 1936 = 100Vacuum cleaners, standard type number. .WashersO - - do

Radio sets production.* doTelevision sets (incl. combination), production*

number. .Insulating materials and related products:

Insulating materials, sales billed, indexl 1936 = 100 _Fiber products:

Laminated fiber products, shipments§thous. of dol. .

Vulcanized fiber:Consumption of fiber paper thous. of lb._Shipments of vulcanized products

thous. of dol_ _Steel conduit (rigid) and fittings, shipments 9

short tons_-Motors and generators, quarterly:

New orders index 1936 — 100Polyphase induction motors, 1-200 hp:cf

New orders thous. of dolBillincrs do

Direct current motors and generators, 1-200 hp:cfNew orders thou^ of dolBillings do

29, 139

48, 63376, 36882,890

206, 31311, 666

184, 9279,720

457, 626136 867179 972140 787

88 29733 73937 769

16, 796161, 675

32 27213, 572

346.5

3 2501 821

380.2189.8

3,001

23960, 984

6,552

2 172

114210, 086319 475

1 100 246

337, 341

521

7,389

4,802

1,711

25, 941

600

44 87842 438

9 1605' 832

30, 187

44, 98793, 35471, 503

236, 69011,255

212, 34513, 090

579,019179, 244244 186155, 589

106, 12841 00544 53720, 586

182, 843

372.4

3,1726,374

403.9221.3

3,189

28960, 610

6,506

2,640

113259, 469304, 131874, 723

411, 867

559

8,032

5,462

1,804

26, 680

32,014

35, 84364, 64169, 437

215, 97411,474

193, 12411,376

455, 983124, 919203 212127, 852

84, 09337, 17934 96611, 948

174, 275

305. 5

2,8822, 519

330.5226.0

1,998

15235, 707

5,908

2 232

87219,119268, 645747, 914

415, 332

511

7,513

4,711

1,523

26, 409

26, 129

38, 03340, 39276, 136

168, 2329,435

150, 9307,867

184, 56346, 75181,61156, 201

55,71826, 99222 7785, 948

147, 635

30, 82816, 430

230.5

2,1002,873

376.5264. 7

1,095

11521, 284

5,553

1,792

115230, 263224, 471888, 100

467, 108

466

6,833

4,170

1, 232

23, 871

573

44, 18040 71-12

10 7136, 619

31, 193

40, 25645, 74877, 518

184, 2759,501

166, 6698,105

145, 26822, 76163, 69658,811

50 00224, 30620 4985, 198

171, 337

404.5

2,8563,379

347. 8266.6

1,327

16143, 931

5,517

1,639

153230, 226218, 956632, 455

404, 933

548

8,115

4,836

1, 648

25, 982

28, 245

36, 78937, 79280, 775

187, 5059,589

166, 68711, 229

144, 46219,31860, 84364, 301

48, 52924,01719 309

5, 203167, 335

200.4

1,3632,418

318.8279.6

1,145

11557, 455

6,020

963

153235, 938261, 512759, 453

409, 337

528

7,830

4,484

1, 618

25, 530

22, 202

39, 16340, 03881, 408

204, 6578,625

185, 75110, 281

154, 43425, 45064, 12064, 864

51,27725, 79720, 8484,632

172, 320

30, 19113, 483

310.0

2,1001,809

324.3299.5

966

13139, 165

5,925

769

163290, 092254, 135975, 892

510, 561

536

7,796

4,216

1,565

27, 328

517

42, 45544, 820

8 7939,410

23, 446

36, 28445, 80580, 183

199, 6057,475

182, 9429,188

147, 43525, 38162,01460, 040

50, 93327, 02919 6954,209

176, 609

385.1

2,2983,613

293.5307.9

1, 059

13650, 528

6,354

850

133217, 169222, 266847, 946

322, 878

545

7,899

4,133

1,430

22, 767

22, 850

41, 70751, 74374, 183

179, 4966,267

163, 4469,783

172, 30335, 67676, 32460, 303

58, 73232, 23920, 583

5, 910181,389

225. 2

3,7133,037

284. 6323.0

1,157

14344, 329

6,140

1,137

128216, 969219, 882748, 344

309, 375

517

7,739

3,640

1,332

23, 243

17, 851

42, 96357, 83072, 468

192, 5405,702

176, 40510, 433

230, 74140, 963

120, 87868, 900

70, 20636, 62727 2356,344

182, 851

38, 17011,786

353.8

1,5522,968

342. 9330.8

1,725

17133, 302

7,957

1,535

192206, 939281, 635874, 253

361, 152

500

7,558

3,720

1,296

13, 881

517

36, 44640 443

13 6149,787

20, 010

54, 737»• 67, 044

61, 577

' 170, 146r 7, 080

r 154, 9078,159

' 393, 834r 79, 027197, 680' 117, 127

r 78, 266r 38, 738r 30, 950

r 8, 578157. 595

343.9

2,5306,703

374.6257.2

1,667

24947, 981

6,299

2,526

197188, 715209, 901441, 736

198, 921

470

7,597

2,179

1,027

7,214

21, 197

63,805 !84,62050,593 i

197,898 '•S, 820

179, 6409,438

515, 356132,211236 849146, 296

105, 41051.2*940 65413, 467

187, 949

311.6

1. 626! 5, 259

r 309. 1r314. 8

r 2, 621

r 172r 31,079

5,921

r 2 905

148222, 41 3259, 280543, 802

397, 769

451

6,718

3,038

1,210

17,021

365 9

J>300 :>>p'.wn 8

2. 978

! 18337, 656

2 867

237, 5412^7 919865 654

755, 665

8,223

3,759

1, 380

28, 645

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production thous of short tonsStocks in producers' storage yards, end of month

thous. of short tons..Exports doPrices, chestnut:

Retail, composite! dol. per short tonWholesale f o b car at minef do

Bituminous:Production thous of short tonsIndustrial consumption and retail deliveries, total

thous. of short tons..Industrial consumption, total do

Beehive coke ovens doOven -coke plants doCement mills doElectric-power utilities doRailwavs (class I) doSteel and rolling mills doOther industrial do

Retail deliveries ... . .do

* r 3, 267

1,145706

23.0014. 513

42, 954

35, 75430, 190

8508, 454

6888,2883, 902

5447,4645,564

' 4, 675

1,161892

23. 1514. 513

51, 797

40, 00233, 244

9718,691

7289, 2364, 252

6258,7416.758

' 4, 129

1,055633

23.3114. 513

49, 340

41, 43534, 027

9338, 367

7819,3824,344

7059, 5157.408

' 3, 713

982583

23.3114. 513

44, 123

42, 80334, 660

9718, 670

7589, 2674, 463

7589, 7738. 143

3,974

939534

23.3114. 513

49, 900

44, 28434, 895

9988,758

7409,5404, 301

7759, 7839,389

3,162

1,005391

23. 3114. 513

43, 770

39, 58731. 757

' 9278,171

6738, 4343,877

7438, 9327.830

2,959

1,024391

23.3114. 513

41, 075

39, 24032, 170

8998,807

6658, 5103,698

6778,9147.070

3,187

1,026295

23.0813. 394

39, 300

32, 63628, 422

6857,627

6087,7813,321

5827,8184,214

3,203

1,149340

21.6913. 456

36, 515

30, 75827, 741

6817, 854

6377,7243, 075

5627,2083,017

3,103

1,264360

21.7713. 631

31, 460

23, 21320, 235

1332, 930

5827,3692, 569

2086,4442,978

2,484

1,447233

22. 3813. 869

25, 800

23, 48920, 270

1043, 293

6037,5972,342

2296,1023,219

2,663

1,420423

22.5414. 119

34, 320

32, 66127, 449

4038, 259

6818, 2502, 722

5326, 6025,212

3, 694

1,314

22.92

46, 870



•Unless otherwise stated, statistics through1950 and descriptive notes are shown in the1951 Statistical Supplement to the Survey

1951


berDecem-

ber

1952


ber

PETROLEUM, COAL, AND PRODUCTS—Continued

COA L— Continued

Bituminous— ContinuedConsumption on vessels (bunker fuel)

thous. of short tons .Stocks, industrial and retail dealers', end of

month, total thous. of short tons _Industrial, total do

Oven-coke plants do __Cement mills do_- .Electric-power utilities doRailways (class I) doSteel and rollins mills doOther industrial do_--

Retail dealers do

Exports doPrices:

Retail, compositef dol. per short ton__Wholesale:

Mine run, f, o. b. car at minef- __doPrepared sizes, f. o. b. car at minef do

COKEProduction :

Beehive § thous. of short tonsOven (byproduct) _ __ _ _ do _ _Petroleum coke do

Stocks, end of month:Byproduct plants, total do

At furnace plants __ __ _ do_ _At merchant plants do

Petroleum coke - - do_ -Exports doPrice, beehive, Connellsville (furnace)

dol. per short ton..

PETROLEUM AND PRODUCTS

Crude petroleum:Wells completed _ _ _ _ _ _ _ _ _ _ _ _ _ number.Production thous. of bblRefinery operations _ - _ _ percent of capacity-Consumption (runs to stills) thous. of bbl__Stocks, end of month :d*

Gasoline-bearing in U. S., total do _ _ .At refineries doAt tank farms and in pipelines do _ -On leases do

Exports _ doImports,. _ _ _. _.do _ _Price (Oklahoma-Kansas) at wells. __dol. per bbl_.

Refined petroleum products:Fuel oil:

Production:Distillate fuel oil __ thous. of bblResidual fuel oil do_ _-

Domestic demand:Distillate fuel oil doResidual fuel oil _ do

Consumption by type of consumer:Electric-power plants J doRailways (class I) do. _ -Vessels (bunker oil) do

Stocks, end of month:Distillate fuel oil do_ .Residual fuel oil do

Exports:Distillate fuel oil doResidual fuel oil _ _ _ _ - do

Prices, wholesale:Distillate (New York Harbor, No. 2 fuel)

dol. per gal__Residual (Okla., No. 6 fuel) dol. per bbL.

Kerosene:Production thous. of bblDomestic demand doStocks end of month _ _ do _ ,Exports doPrice, wholesale, bulk lots (New York Harbor)

dol. per gal. .Lubricants:

Production ' _ thous. of bbl.Domestic demand doStocks refinery, end of month doExports© doPrice, wholesale, bright stock (midcontinent,

f. o. b. Tulsa) dol. per gal..

86

76, 24574, 35214, 4261,353

33, 0984, 2451,147

20, 0831,893

6 104

15. 95

5.6806.679

r 553T 5, 942

316

1 7641,298

46694

100

14. 750

1,975187 816

97196, 752

254, 90064, 916

171, 73018, 254

2,19914, 4582.570

38, 45336, 843

27 27139 547

5 0633,2186 250

96, 24148 212

2 5542,962

.0911.750

10,9156 640

33, 1061 326

.101

4, 9053 3138,8661 527

.290

104

78, 01976, 08014, 9531,420

34, 1624, 1261,155

20, 2641,939

6 387

16.10

5. 6976.718

6296,114

328

1 8151,306

50982

126

14. 750

2,014197 610

95199, 826

262, 26665, 388

179, 17317, 705

1,94714, 4732.570

40 15937, 944

31 65545 016

5 4573,4866 491

102 56148 415

2 3532 553

.0911.690

11, 26210 17133 382

703

.101

5 4324 0908,9141 236

.290

91

77, 85875, 94815, 1231,508

34, 1044,1631,151

19, 8991,910

5 420

15.14

5.6976.756

6195,882

335

1,7581,264

49583

111

14. 750

2,040188, 149

97198, 258

261,10065, 297

177, 98217, 821

1,85813, 0502.570

40, 72639, 111

47 22150, 982

5, 9653,3136,331

94, 91745 378

1 2421,962

.0911.650

12,08314 96029, 948

538

.101

5 1443 4219,1111 441

.290

35

76, 63674, 88615, 2701,424

33, 3984,1721,181

19, 4411,750

4 478

16.15

5.6976. 773

6256,114

325

1 7381,295

443104109

14. 750

1,947191, 650

98206, 032

255, 78362, 311

175, 48117, 991

2,14711,8352.570

44, 69340, 693

57 23354, 382

6,3333,244

15 4«4

80, 78542 063

1 8542, 006

.0911.650

12, 17116 74424, 933

387

.101

5,1573 1639,6171 429

.290

19

75, 42373, 79214, 8271,361

32, 6924,1611,213

19, 5381 631

5 163

16.16

5.6976.773

6376,168

331

1 8101,421

389134112

14. 750

2,151192 712

94205, 829

254, 00762, 436

173,47118, 100

2,30316, 0432.570

45, 14141, 483

63 18556 246

6 0683,0326 906

i 66 969i 39 523

1 8941,816

.0911.650

13 04016 633

i 22, 679752

.101

4,9633 3819,8561 292

.290

19

76, 47474, 96715, 7861,342

32, 7104,2371,276

19,6161 507

3 982

16.16

5.6976.769

5895,770

310

1 7651,455

31014286

14. 750

1,929184 654

95193, 524

255, 90064, 614

173,31517, 971

2,21114, 0832.570

44, 31438, 352

54 48949 796

4,7752,7676 447

55, 36938 295

1 6541,847

.0911.500

10 74214 60818, 530

217

.101

4, 4562 827

10, 0491 357

.290

16

77, 29376 04216, 7271,276

32, 7244,2991 322

19, 6941 251

4 050

16. 16

5.6976. 745

5766,204

321

1 8321, 530

30216479

14. 750

2,101198 028

93205, 825

259, 12663, 612

177, 42218, 092

2,93914, 1862. 570

43, 40239, 482

49 08150 721

5 2222,8516 760

48, 75037 971

1 3162,059

.0911.500

11, 96412 85316,817

652

.101

4,9212 990

10, 1691,751

.290

76

78,14176 81016, 6521,245

33 6174,2541 353

19 6891 331

4 248

16.16

5.6246.349

4335,374

296

1 8731,459

41315989

14. 750

2,063192 882

89193, 039

270, 67969, 159

183, 75117, 769

3, 34017, 4952.570

39 35337,602

33 92145 119

4 2042,5006 317

51 63438 561

2 7912 244

.0911.400

10 9788 150

18 955613

.101

4,8313 509

10, 1541 276

.290

92

79, 49678 03316, 9941,261

34, 5454,1101 336

19 7871 463

4 885

15.99

5. 6236.317

4265 536

201

1 9611 538

42415862

14. 750

2,196158 310

71152,062

290, 81372, 875

197, 00120 937

1,71815, 5702.570

30 43230, 336

27 86738 500

3 7172,4346 438

51, 64838 821

2 6412 500

.0911.350

7 0845 504

19, 614950

.101

3,4922 5259,6101,448

.290

84

80, 74479 10816, 4461,412

35 8023,9961 269

20, 1831 636

4 862

16.02

5. 6296. 378

1122,361

267

2 5572,007

550122

58

14. 750

2,017185 917

96204, 762

285, 96471, 950

194, 52519, 489

2,38817,1712.570

43, 64036,827

25 81536 285

3,9122,4636 156

65, 91145 688

3 6132,588

.0911.150

9,5195 268

23, 061740

.101

4, 8553,4149,6941, 297

.270

79

79, 35977 69816, 136

1,45635 8953, 5601 195

19, 4561 661

4 003

16.13

5.6406. 487

712,305

306

3 2972,479

81910353

14. 750

2,141188 868

96214, 729

275, 95170, 352

187, 34118, 258

1,87617, 4972.570

45 73538, 337

23 29137 027

4 3802,4396 109

85 77552 245

2 9992,473

.098

.950

11 0835 883

27, 387796

.108

4,6683 2249,7751,295

.270

76

81 15679 48515 9841 616

36 7973 4431 158

20 4871 671

4 288

16.22

5 6406.544

r 2535 787

317

3 1422 294

8489844

14. 750

1 938192 798

99220, 661

264, 36867 497

178, 39418 477

1 96618, 1242.570

46 93338 822

26 22142 094

5 3802 4976 563

104 25754 061

2 3061 583

.098

.900

11 6206 014

32 401525

.108

4 8573 3439 6201 610

.270

16.28

3965 784

2 8382 132

706

14. 750

2.570

6 028

.098

.900

.108

.270r Revised. 1 New basis. Comparable data for December 1951 (thous. bbl.): Distillate fuel, 85,872; residual fuel, 42,955; kerosene, 26,940.tRevised series. Retail prices are weighted averages for large cities. Wholesale prices supersede former quotations on tracks, destination. Figures prior to 1951 will be published later.§Revisions for 1950 will be shown later. d"Includes stocks of heavy crude in California.f Revisions for January-July 1951 will be shown later.©Excludes "special category" exports not shown separately for security reasons.NOTE FOR RADIO, TELEVISION SERIES, P. S-34. *New series. Compiled by the Radio-Television Manufacturers Association. Data represent industry totals based on reports

from both members and nonmembers of the association. Both private and company brands are included. Radio production comprises home, portable battery, automobile, and clock models;television sets include combination models. Annual totals for 1924-46 for radios and monthly data for 1947-50 for radio and television sets are shown on p. 20 of the October 1952 SURVEY.Data for September and December 1951 and March, June, and September 1952 cover 5 weeks; other months, 4 weeks.

NOTE FOR ANTHRACITE PRODUCTION, p. S-34. Revisions for January-August 1951 (thous. short tons): 4,316; 3,621; 2,244; 2,675; 3,723; 3,848; 2,847; 3,612.




1951


berDecem-

ber

1952


ber

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— ContinuedMotor fuel:

All types:Production total thous of bbl

Gasoline and naphtha from crude petro-leum thous. of bbl _

Natural gasoline and allied products doSales of 1. p. g. for fuel, etc., and trans-

fers of cycle products thous of bblUsed at refineries do__ -

Domestic demand doStocks, gasoline, end of month:

Finished gasoline, total doAt refineries do

Unfinished gasoline doNatural gasoline and allied products-do

Exports c "1 doPrices, gasoline:

Wholesale, refinery (Oklahoma, group 3)dol. per gal_.

Wholesale, regular grade (N. Y.)* doRetail, service stations, 50 cities do

Aviation gasoline:Production, total thous. of bbl _

100-octane and above doStocks, total - - - do

100-octane and above doAsphalt:

Production _ _ short tons__Stocks, refinery, end of month _ do_ __

Wax:Production thous. of lb._Stocks refinery, end of month do

Asphalt products, shipments:Asphalt roofing, total thous. of squares. _

Roll roofing and cap sheet:Smooth-surfaced doMineral-surfaced - -- -- do_ _ _

Shingles all types doAsphalt sidings - -- doSaturated felts short tons _

96 115

85,00417,069

5,9588,804

91, 803

106, 54758, 3647,6009,5784,027

.104

.129

.201

5,9504,8537,9154,369

1, 247, 100947, 800

104, 440197, 680

5,497

1,1961,3572,944

18647, 166

98 510

86. 94218, 167

6,5999,318

99, 945

101, 83756, 9846,9639,0033,293

.104

.129

.203

6,4874,7927,7263,895

1, 225, 300814, 400

100, 520193, 200

6,552

1,4921,6183,443

26859, 202

95 859

84, 97618 191

7 3088,917

88 702

105, 11758,1606 9118,3794 071

.104

.129

.203

6,3905,2667,7263,853

884,700975, 600

101, 080196, 280

4,141

1,0291,0822,029

19244, 742

100 039

88, 80018, 941

7 7028,838

84 394

117, 23570, 0517,7478,1863 476

.103

.129

.203

6,5555,4358,2774,356

671, 3001, 203, 600

92, 400202, 440

2,485

634656

1,195120

32, 602

98 551

87. 44619, 058

7,9538,459

86 863

136, 16181. 0548,1787,8962,558

.103

.129

.200

6,4095,4808,3994,483

605, 6001,331,500

98, 280194, 040

3,516

928882

1,705163

44, 641

93, 134

82, 05218, 070

6.9888,113

82. 043

143, 91087, 4588,0028,5852,144

.103

.129

.199

6,1374,8758,5034,421

719, 3001, 527, 300

100.240190, 400

3,549

876861

1,811144

46, 644

99 093

87, 09618 724

6 7278,038

87 065

152, 55690, 6958,1339,5271,903

.104

.129

.201

6,9225,8488,5294,507

739, 3001, 713, 500

95, 480199 360

3,869

913888

2,067135

45, 957

92 553

81, 81917 917

7,1838,041

98 653

143, 51283, 1298 3789,3662 466

.100

.129

.202

6,1165,0767,6333,761

922, 9001, 753, 500

94, 360193, 480

4,742

1,0191,0462,676

12652, 791

74 485

63, 75216, 796

6,0637.398

101 137

116, 03964,7317,6179,246

975

.103

.129

.205

4,9064,3397,8594,422

1, 009, 5001, 660, 500

80,360179, 200

5,172

1,0401,1093,023

12359, 274

98 340

86, 63817 310

5 6088,437

99 305

112, 23260, 3897 934

10, 0351,889

.104

.129

.205

6,0035,0687,3323 863

1, 280, 7001, 436, 000

96, 880179, 760

5,103

1,0011,1332,969

11952, 540

105 022

93, 37317 669

6 0208,761

105 307

108, 70857,1807 858

10, 0952 730

.104

.129

.204

6,5525,4177,3113,878

1, 383, 6001, 167, 100

92, 680169, 680

5,355

1,0601,1663,130

13656, 335

107 427

95, 74218 259

6 5748,938

102 954

110, 75057, 244

7 8429,7222 203

.104

.129

.203

6,9885 9777,8654 470

1, 493, 500967, 500

116, 200173 600

5,856

1,1691,3653 322

15161, 200

.104

.129

.204

6,387

1 3211 5493 517

19062 439

PULP, PAPER, AND PRINTING

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts thous. of cords (128 cu. ft.)~Consumption -- -- doStocks end of month do

Waste paper:Receipts short tons..C onsumption doStocks end of month do

WOOD PULPProduction:

Total, all grades thous. of short tons..Bleached sulphate short tons _Unbleached sulphate doBleached sulphite _ doUnbleached sulphite d.o_ __Soda doGroundwood doDefibrated, exploded, etc _ _ do

Stocks, own pulp at pulp mills, end of month:Total, all grades short tons..

Bleached sulphate - doUnbleached sulphate doBleached sulphite _do_ _ _Unbleached sulphite doSoda do _ _Groundwood do

Exports all grades, total - - doImports all grades total do

Bleached sulphate - - -- -- do _ _Unbleached sulphate doBleached sulphite doUnbleached sulphite -doSoda _ -doGroundwood -- do _ _

PAPER AND PAPER PRODUCTS

All paper and paperboard mills:Paper and paperboard production, total

thous. of short tons._Paper (incl building paper) do __Paperboard - doBuildinsr board do

2,2882,1244,980

676, 423663, 649576,931

1,317r 172, 588r 506, 962

186, 638r 60. 53136, 941

r 193, 76388, 000

r 109, 15514, 24412, 525

r 26, 26013, 0541,088

37, 954

12, 794164, 89739, 22723, 74942, 86235, 741

2,48919, 450

2,0181,043'874r 102

2,5032,3665,118

725, 043724, 715572, 481

1,470198, 261570, 792209, 922

68, 80739, 939

214, 37085, 319

106, 22713, 65012, 87126, 29013,0121,129

34 432

11, 046196 25947, 93322, 06051, 15242, 9732,859

27, 252

2,2201,166

939115

2,1722,3054,987

644, 616640, 925586 602

1,416197, 916548, 166205, 199

61, 36337, 957

203 71283, 192

102, 79214, 14212, 41323, 29311, 4801,927

34, 880

27, 758171 45142, 26817, 92844, 60540, 5862,767

21, 895

2,0491,088

857104

2,2132,1025,072

548, 752544, 983589 340

1,277167, 475490, 399191,81462, 12635, 526

192, 79977, 195

107, 0578,718

11, 46229, 50812, 1841,816

37, 969

23, 583168, 23745, 36818, 96139, 94940, 1062,430

20, 209

1,8471,022

74382

2,6992,3395,445

665, 051657, 518593, 508

1,436199, 797559, 914208, 833

63, 21439, 480

207, 01483, 501

108, 35211, 15012, 58326, 47211,2191,540

39, 227

14, 540175, 76544, 14421, 55243, 96644, 8462,273

17, 998

2,1051,118

89295

2,5612,2275,775

620, 775632, 317580, 809

1,373199, 614523, 737201, 035

59, 54837, 651

194, 72382, 763

113, 52012, 54714, 33927, 90210, 1001,781

38 912

24, 261161 73847, 02818, 85441,11136, 965

2,65414, 306

2,0051,048

85997

2,4822,3325,915

647, 081650, 550576 038

1,456211, 906552, 033213, 340

61, 77639, 041

214 84786, 773

124, 06413, 36916, 55728, 66213, 4071,973

41 861

22, 369155 33143 45612, 91741 64834, 4952.573

19, 544

2,0711,095

88195

1,9032,2355,582

650, 014640, 933587, 616

1,375195, 895512, 267207, 095

59, 25337, 813

198 46489, 170

139, 70614, 54518, 34941, 66012, 1502,161

42 547

29, 522145 64337, 98711, 57540 49733, 3822,619

18, 878

2,0141,051

86797

1,9002,2475,234

597, 539618, 966564, 079

1,402210, 711513, 971210, 27358, 39037, 840

203, 25987, 398

147, 53517, 27718, 13947, 21712, 5712,170

41 088

30, 131147 43347, 69611, 66936 45831, 3362,229

17 408

2,0111,029

875106

2,0442,1275,148

589, 727605, 572548 623

1,323207, 457483 425188, 01252, 35533, 893

194 76289, 236

156, 86420, 56618 24749, 50915, 5002 640

41 030

19 666133 59939 18811, 49332 61827, 2862,197

20 205

1,949981858110

2,2111,9105 448

550, 030561 067536 811

1,180174, 921432 532165, 47947, 22526 953

181 97484, 161

146, 20816 32619 54146, 50815 4602 563

36 722

9 883122 63636 84310 90433 55525 1871,743

13 851

1,762869783110

T 2, 527r 2 209r 5 766

r 631, 0"0r 667 847r 501 402

1,381198 830529 591203, 86654 64732 708

194 69783 646

152, 02121 58621 36950, 95814 2762 425

31 983

14 861138 61637 87312 94138 47727 6932,113

18 846

r 2, 059r 990r941

126

2 3492 1055 999

693 037698 333496 689

1,301177 087493 384193 48853 73632 320

185 25484 958

146, 70319 61923 15049 69115 8022 321

26 681

2,024969937118

r Revised. cf Excludes "special category" exports not shown separately for security reasons.*New series. Prices are for bulk lots, f. o. b. refineries. Quotations prior to 1951 will be shown later.


November 1952 SUEVEY OF CURRENT BUSINESS S-37


1951


berDecem-

ber

1952


ber

PULP, PAPER, AND PRINTING—Continued

PAPER AND PAPER PRODUCTS— Con.

Paper, excl. building paper, newsprint, and paper-board (American Paper and Pulp Association) :

Orders, new _ _ _ _ _ short tons _Orders, unfilled, end of month doProduction _ _ . _ do _ _Shipments doStocks, end of month _ _ do

Fine paper:Orders, new ._ __do _Orders, unfilled, end of month doProduction __ do __Shipments doStocks, end of month __ _ do. _.

Printing paper:Orders, new __ doOrders, unfilled, end of month. do_Production do_Shipments _ ... doStocks, end of month doPrice, wholesale, book paper, "A" grade, Eng-

lish finish, white, f. o. b. mill*._dol. per 1001b__Coarse paper:

Orders, new _. short tonsOrders, unfilled, end of month doProduction doShipments _ _ d o _ _ _Stocks, end of month do

Newsprint:Canada (incl. Newfoundland):

Production doShipments from mills doStocks, at mills, end of month do

United States:Consumption by publishers doProduction doShipments from mills. ___ doStocks, end of month:

At mills do, _At publishers _ _ doIn transit to publishers do-

Imports doPrice, rolls, contract, delivered to principal

ports* dol. per short tonPaperboard (National Paperboard Association) :

Orders, new_ _ short tonsOrders, unfilled, end of month _ doProduction, total _. _ ___ do ._

Percent of activityPaper products:

Shipping containers, corrugated and solid fiber,shipments mil. sq. ft. surface area

Folding paper boxes, value:New orders 1936—100Shipments do

PRINTING

Book publication, total- number of editions-New books doNew editions _ _ _ do_

835, 693982, 593851, 819837, 409325, 907

109, 384132, 655110, 546110, 42263, 325

278, 225492, 795286, 834280, 135119, 619

13.15

294, 386236, 168296, 567292, 11388, 720

431, 082427, 738152, 301

381, 43790, 72892, 487

8,432439, 547

87, 037358, 866

114.25

864, 600458, 200847, 100

86

5,511

476.8629.2

940743197

942, 156976, 913946, 158947, 030325, 035

121, 329132, 495123, 623121, 48965, 959

320, 338495, 265313, 161317, 865114, 915

13.15

321, 515232, 340324, 031325, 34087, 411

492 475497, 410147, 366

405, 277100 33997, 791

10, 980434, 841100, 292458, 514

116 75

971,600487, 800943, 800

88

6,055

615 9747.6

980781199

819, 334914, 463896, 957881, 877340, 425

100, 090110, 610122, 649121,97266, 635

264, 508465, 945297, 894293, 829118, 980

13.15

313, 393229, 708321, 822316, 02593, 520

471 732491, 020128, 078

402, 82995 84799, 301

7,526436, 244107, 144438, 141

116 75

812, 500365, 400863, 450

82

5,399

555 7650.8

1,172963209

820, 265870, 769861, 248863, 959338, 617

106, 947122, 703118, 200119, 04065, 795

274, 755447, 761291, 707292, 939117, 748

13.15

291, 794217, 091305, 258304, 411

94, 367

435 287461, 455101, 910

387, 78391, 76391, 721

7,568430, 43191, 765

403, 934

116. 75

806, 300358, 700793, 950

71

5,642

498 1528.0

1,083872211

962, 506914, 567932, 288911, 745326, 610

136, 428141, 965126, 753125, 51364, 558

343, 367475, 000315, 983310, 450129, 798

13.15

329, 159192, 045320, 281317, 72766, 884

470, 456445, 212127, 154

345, 31597, 21695, 046

9,738460, 37889, 491

385, 574

116. 75

883, 200405, 500835, 000

81

5,550

654 6639.8

720557163

842, 191903, 374865, 400851, 819344, 664

114, 955138, 310122, 133116, 64367, 895

288, 745475, 150290, 945290, 555130, 180

13.55

286, 297193, 108293, 068289, 132

75, 550

457, 835441, 349143, 640

348, 63094, 75996, 982

7,515475, 502

99, 741398 936

116 75

829, 300355, 200867, 800

86

5,569

608.8619.0

723575148

852, 186854, 820896, 773881, 775360, 070

108, 853120, 280124, 033121, 99569,710

288, 200458, 050300, 497295, 680135, 960

13.55

294, 560182, 684307, 066300, 44582, 900

476 492453, 162166, 970

399, 25899 63398, 696

8, 452457 61787, 887

416 469

116 75

923, 000380, 400880, 500

85

5 935

636 9630.2

1,3711 081

290

813, 274825, 736850, 216842, 129369, 375

104, 915111,930116, 076113, 78172, 250

296, 780460, 500295, 614293, 550138, 025

13.55

254, 759160, 500277, 891276, 68684, 100

471 235468, 018170, 187

393, 47094, 76794, 250

8,969460 475

72, 475419 848

117 00

875, 600417, 600869, 500

82

5 765

581 3614.6

1,055855200

740, 502747, 506817, 027803, 031376, 503

91, 14093, 500

115, 790109, 55078, 490

261, 286425, 000288, 313285, 851140, 488

13.55

246, 360140, 000269, 058262, 18084, 000

495, 972492, 478173, 681

404, 071103, 440103, 783

8,626442, 739

79, 028409, 649

117 00

880, 000375, 000906, 000

82

6,013

604 1604.1

1,240937303

753, 235729, 006773, 003769, 654381, 065

89, 62886, 000

100, 12196, 84381, 905

276, 760423, 000278, 120279, 095139, 500

13.55

237, 383135, 000250, 159240, 21095, 000

451 915483, 791141, 805

379, 94399, 08098, 138

9,568476 479

74, 592459 005

119 50

850, 300352, 900832, 800

82

5,541

666 4638.7

1,003754249

' 715, 288768, 806

' 674, 759' 671, 174

384, 550

83, 84888, 00084, 19581, 32384, 750

262, 177450, 000238, 014232, 209145, 300

13.55

' 221, 930143, 000

r 216, 743r 111, 740

99, 000

485, 539483, 250144, 094

329, 72994, 19294, 933

8,827532, 29775, 474

427, 845

119. 50

845, 800444, 200773, 700

71

5,538

627.4575.5

601472129

r 748, 782T 750, 806r 772, 787r 765, 325r 391, 825

82, 77573, 00099, 88297, 80886, 825

r 258, 540r 445, 000r 267, 284r 264, 330r 148, 000

13.55T 255, 045r 146, 000r 254, 277r 249, 815

103, 000

486, 496488, 575142, 015

341, 5*7197, 83199, 008

7, 650573, 50286, 444

400, 541r 122 00

917, 500388, 400955, 600

89

r 6 340

688 9661.3

904699205

804, 000805, 806755, 000748, OCO398, 825

93, 00077, 00096, COO89, 00093, 825

295, 000480, 000260, 000259, 000149, 000

13.55

259, 000159, 000246, 000246. 000103, 000

461 508462 404141, 119

379, 66992 30190, 645

9,306582 209

77, 578

122 00

1, 065, 800459, 900955, 700

88

6 743

693 4719.1

949796153

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption __ __ long tonsStocks, end of month doImports, including latex and guayule doPrice, wholesale, smoked sheets (New York)

dol. per l b _ _Chemical (synthetic):

Production long tons. _Consumption, _ . _ _ doStocks, end of month doExports do

Reclaimed rubber:Production.. _ _ _ _ _ _ _ _ _ _ d oConsumption doStocks, end of month do

TIRES AND TUBES

Pneumatic casings:Production thousandsShipments, total _ _ do

Original equipment doReplacement equipment doExport do

Stocks, end of month __ ___ doExports© do

Inner tubes:Production§_ _ _ _ _ do _Shipments§ doStocks, e n d o f month§ _ _ _ _ _ _ _ d o _Exports do

36, 88756, 94161, 200

.520

70, 87068, 46099, 8891,008

26, 88526, 22643, 095

7,4146,6402,5193,950

1714,740

147

5,6955,0426,831

101

37, 40763 50155, 214

.520

79, 28568, 923

109, 407550

29, 61127, 74444, 367

7,7717,0502 5534,315

1815,514

129

6,2705,6037,471

94

35, 03763 68957,378

.520

73, 04565, 403

116,9101 190

25, 45324, 50944, 049

7,3746,0812 3913,501

1886,888

161

5,5004,8038,378

121

33, 25676 56945, 364

.520

76, 96160, 421

129, 9521 430

23, 67722, 04445, 082

6 4414,5171 8002,519

1988,765

210

5, 1433 556

10,094144

36 98975 48883, 283

.520

75, 97170, 330

138 6881 831

27, 75526 55345, 067

7 8726 5292 1404 243

14610 039

150

5,5825 475

10, 34393

34 84173 95976, 383

.505

74, 94366 567

145 2772 141

23 88324 51843, 306

7 4636 1842 3013 721

16311 370

164

5, 1384 958

10 507125

35 68261 55385^ 172

.505

79, 41669 744

151 2493 490

22 80824 79740, 579

7 7866 1342 4843 512

13713 043

181

5 4975 034

10 900105

36 41759 42282, 974

.485

77, 43768 492

159 7012 415

23 94823 91139, 767

7 1896 9672 8144 038

11513 295

127

5 4815 305

11 01388

36 34763 98859, 188

.485

61, 36867 339

154 3392 350

23 14222 31440, 169

7 4337 4432 7194 624

10113 263

108

5 7715 330

11 49363

36 94672 99567, 246

.380

64, 04066 203

151 '3241 154

21 079°1 85038, 973

7 3669 0032 6176 256

13011 668

107

5 5366 040

10 97483

32 76084 83949,' 251

.315

58, 99258 642

152 3731 499

16 21318 35436, 287

7 0977 1481 1865 845

11711 647

140

4 7904 507

11 223134

r32 941r84 65767, 139

.305

59, 214r61 214

r!50 2541 921

r!7 131r 20 548T 32, 224

6 9337 9891 6326 226

13110 637

159

4 8675 431

10 6^779

38 82483 863

.275

58, 35266 438

141 598

21 94723 18031,027

r Revised. *New series. Compiled by the U. 8. Department of Labor, Bureau of Labor Statistics; monthly data beginning 1947 will be shown later.©Excludes ''special category" exports not shown separately for security reasons. §Includes data for motorcycles.



Unless otherwise stated, statistics through1950 arid descriptive notes are shown in the1951 Statistical Supplement to the Survey

1951


berDecem-

ber

1952


ber

STONE, CLAY, AND GLASS PRODUCTS

ABRASIVE PRODUCTS

Coated abrasive paper and cloth, shipments .. reams _ _

PORTLAND CEMENT

Production thous. of bbL _Percent of capacity, _ _ _ _ _ _ _

Shipments.. ' thous. of bblStocks, finished, end of month doStocks, clinker, end of month do

CLAY PRODUCTS

Brick, unglazed:Production:]: _ __ thous. of standard brick .Shipments^ doPrice, wholesale, common, composite, f. o. b.

plant t dol. per thous__Clay sewer pipe, vitrified:}:

Production short tonsShipments _ do

Structural tile, unglazedrjProduction - _ _ ._ ... doShipments do

GLASS PRODUCTS

Glass containers:Production thous. of gross _ .Shipments, domestic, total do

General -use food:Narrow-neck food doWide-mouth food (incl. packers' tumblers,

jelly glasses, and fruit jars) __thous. of gross...Beverage (returnable and nonreturnable)

thous. of gross _ .Beer bottles doLiquor and wine doMedicinal and toilet doChemical, household and industrial doDairy products do

Stocks, end of month do - _Other glassware, machine-made:

Tumblers:Production thous. of dozens..Shipments __ _ _ _ . .doStocks do

Table, kitchen, and householdware, shipmentsthous. of dozens

GYPSUM AND PRODUCTS

Crude gypsum, quarterly total:Imports thous. of short tonsProduction . do

Calcined, production, quarterly total doGypsum products sold or used, quarterly total:

Uncalcined short tonsCalcined:

For building uses:Base-coat plasters doKeene's cement doAll other building plasters doLath thous of sq. ftTile do\VallboardcT do

Industrial plasters short tons

171, 584

22, 269100

23, 25310, 4994,138

551,225527, 229

27. 366

138, 456135, 882

94, 75993, 584

9,1349,397

1,432

2,281

3321,3441,1711,782

717338

9,839

4,6564,387

12, 556

2,892

1, 1712,2711,977

588. 584

! 590, 559i 13, 711

169, 219704, 333

9 386855 22268, 612

195, 139

22, 79799

26, 1347,1623,544

605, 553590, 294

27. 366

159, 394155,005

103, 67899, 652

9,3418,948

1,072

2,426

297746

1,3281,985

782312

9,884

4, 9665,414

11,978

3,459

j

188,389 '

20,73793

17, 9949,9103,882

545, 925476, 776

27. 386

142, 340122,046

100, 70585 182

7,8047,714

632

2,122

319840

1, 0971,810

634260

9,710

3,8894,645

11, 228

3,368

132, 524

19, 87485

11,79117,9934,711

447, 208350, 014

27. 366

125,96283,177

85, 96566 395

7,6037 568

674

1,885

532873906

1,795572330

9,453

3,8003, 352

11,579

2,589

8592, 0271,681

636, 366

471,07210, 648

146, 036602, 500

7,763776 85471, 377

159, 041

17, 03973

12, 69622, 3367,056

406, 229353 812

27.317

134 04586, 576

81,94871 403

8,9418 485

783

2,498

525841741

2, 161679258

9,635

4,8834,473

11,837

3,005

162, 959

16, 54576

14, 36224,5198,987

392, 482378 321

27.317

127 44297, 107

78, 06175 617

8,7838 053

859

2,123

503874840

1,962693199

10,093

5,1365,5149,989

3,857

174,155

18,09578

15,99326, 62210 741

434, 789411 819

27.317

139 685118,092

76,11969 494

9,4009 005

881

2,400

655806979

2,272783228

10, 216

5, 3575, 061

10, 241

3,431

4011, 8061, 582

526, 045

451, 84113, 086

134, 090508, 785

7,602761, 566

i 67, 484

185, 451

19,81786

21, 76424, 67210 348

484, 468492 488

27. 217

139 573139, 744

82, 64784 813

9,5239 577

1 125

2,474

767700

1 0612, 355

850244

9,863

4,7014,9879,892

3,474

168, 174

21, 82992

23 28223 2209 513

489, 779479 409

27. 217

128 020134 221

84, 20982 285

10, 2209 888

1 216

2,767

977955940

2,064735233

9,871

4,5375,3299,073

3,551

161, 544

20, 74890

25 06718 8968 483

510, 226504 459

27. 217

143 496145 603

86 47083 994

10, 0809 607

915

2, 706

1,1231,198

8521,860

739214

10, 060

4,8315, 4918 349

2,908

7342,0671, 720

559, 966

494, 82214 045

143,059589, 300

6 670830 64461, 426

157,412

21, 34290

25 08415 158

7 548

538 183530 377

i 27. 409

139 061142* 566

91 83687 251

10, 0429 735

892

2,733

1,0731 244

9051 834

788264

10,107

4, 9665, 2458,023

2,945

160, 795

23, 57399

25 915f 12 819

r (} 262

531, 547512 135

27. 409

136 595146, 934

85, 43487 976

10, 70011 126

1 186

3,210

7831,2571 1202,313

928327

9,449

5,8335,1818,628

3,354

174, 449

23, 010100

26 2439 5865? 177

27. 409

10, 1009 688

1 464

2,736

476768

1 0352 111

772327

9, 594

TEXTILE PRODUCTS

CLOTHINGHosiery:

Production thous. of dozen pairsShipments - _do.Stocks, end of month do

COTTON

Cotton (exclusive of linters):Production:

Ginnings§ thous. of running bales, .Crop estimate, equivalent 500-lb. bales

thous. of bales _ _Consumption^ balesStocks in the United States, end of month,

total^f thous. of bales,Domestic cotton, total do

On farms and in transit -do . ..Public storage and compresses doConsuming establishments.. .do. ...

Foreign cotton, total do

11, 86212, 60529, 330

5,458

' 721, 248

' 15, 143' 15, 040

10, 734'3,312

'994103

13, 61714, 37428, 573

10, 023

905, 062

13, 64613, 5506,8405,5141,196

96

12, 92813, 98627, 515

12, 804

730, 817

'12,290' 12, 199'4,916

5,8861,397

92

11, 39311,61128, 199

13, 592

672, 715

' 10, 638* 10, 551' 3, 371

5, 6441, 536

87

13, 94513, 36628, 907

14, 530

922, 559

' 9, 057r 8, 978' 2, 418

4,9201, 639

80

13, 46513, 49528, 851

768, 889r 7, 577' 7, 476' 1, 442

4,3941,640

101

13, 25013, 96128, 163

2 15, 072

2 15 144

13, 47613, 55128, 067

736,535 847,444

'6,434 i '5,257' 6, 337 ! ' 5, 160

' 970 r 6383, 773 2, 9921, 594 1, 530

97 i 97

13, 32412, 31729, 129

13, 04612, 48129, 774

686, 697

' 4, 259' 4, 172

'4122,3801,381

86

11, 76811,63729, 905

176

695, 965 i 692, 594

' 3, 307 2, 745' 3, 224 2, 675

r 253 1 2201,782 ; 1,4571, 189 , 998

83 1 70

13,89214, 44729, 350

1,413

744,383 |

15,454 115,387 I12,7781, 795 !

814 :

66r Revised. l Specification changed; earlier data not strictly comparable. 2 Total ginnings of 1951 crop. 3 Ginnings to November 1. < November 1 estimate of 1952 crop.tRevisions for January-July 1951 will be shown later.fRevised series. Data beginning 1947 will be shown later.d" Includes laminated board, reported as component board. §Total ginnings to end of month indicated.

ta for October 1951 and January, April, and July 1952 cover 5-week periods and for other months, 4 weeks; stocks are for end of period covered.




1951


berDecem-

ber

1952


ber

TEXTILE PRODUCTS—Continued

COTTON — Continued

Cotton (exclusive of linters)— ContinuedExports balesImports doPrices received by farmers . cents per Ib -Prices, wholesale, middling, ^le", average, 10

markets cents per IbCotton linters :f

Consumption thous. of balesProduction _ doStocks, end of month do

COTTON MANUFACTURES

Cotton cloth:Cotton broad- woven goods over 12 inches in width,

production, quarterly c? mil. of linear yardsExports thous. of sq. yd. _Imports -_ doPrices, wholesale:

Mill margins cents per IbDenim, 28-inch* cents per yd._Print cloth, 39-inch, 68 x 72* doSheeting, in gray, 40-inch, 48 x 44-48* do ..

Cotton yarn, natural stock, on cones or tubes:Prices, wholesale, f. o. b. mill:*

20/2, carded, weaving dol. per Ib36/2, combed, knitting _ _ _ do

Spindle activity (cotton system spindles):Âctive spindles, last working day, total. ..thous..

Consuming 100 percent cotton _ _ _ do __Spindle hours operated, all fibers, total. mil. of hr._

Average per working day doConsuming 100 percent cotton do

Operations as percent of capacity

RAYON AND MANUFACTURES AND SILK

Rayon yarn and staple fiber:Consumption:

Filament yarn mil of IbStaple fiber do

Stocks, producers', end of month:Filament yarn doStaple fiber _ _ do _ _

Imports thous. of IbPrices, wholesale:

Yarn, viscose, 150 denier, filament, f. o. b. ship-ping point* dol. per Ib _

Staple fiber, viscose, lî denier doRayon and acetate broad-woven goods, production,

quarterly cf thous of linear yardsSilk, raw:

Imports thous. of IbPrice, wholesale, white, Japanese, 20/22 denier,

87% (AA), f. o. b. warehouse 9 dol. per lb__

WOOL

Consumption (scoured basis) :§Apparel class thous of IbCarpet class do

Imports, clean weightA doPrices, wholesale, Boston:

Raw, territory, 64s, 70s, 80s, scoured. . dol. per lb_.Raw, bright fleece, 56s, 58s, greasy, 47 percent

shrinkage dol. per IbAustralian, 64s, 70s, good topmaking, scoured, in

bond dol. per Ib

WOOL MANUFACTURES

Machinery activity (weekly average):§Looms:©

Woolen and worsted:Pile and Jacquard thous of active hoursBroad doNarrow do

Carpet and rug:Broad doNarrow do

Spinning spindles:Woolen doWorsted© do

Worsted combs doWool yarn:

Production total §© thous of IbKnitting § doWeaving § doCarpet and other§ do

Price, wholesale, worsted yarn (Bradfordmachine knitting system) 2/20s*__.dol. per lb_.

356 2092 32033.7

35 1r 116

175r274

2,27365, 4082,174

33.8840.517.218.1

21, 89520, 7149,247

4748,745127.8

57 124 8

54.28.7

7,591

.780

.400

404, 084

645

4.42

27, 6484,276

15 315

i 1. 825

1.730

i 1. 825

1411,772

14

8941

67 80677, 342

129

47 8885 148

36, 1806 560

2.358

583 9275,72236.2

36 9

136267367

53, 7451,609

31.2040.717.118.4

21, 60920, 39411, 393

46010, 721124.1

56 426 0

73 29.4

6,506

.780

.400

842

4.65

31,8007,780

21,085

i 1. 980

.770

1 1. 820

1241,750

9

9843

69 86977, 098

124

60 9556 615

43, 96510 375

2.477

803 5801,04641.0

41 5

131247460

64, 1271,€90

28.7241.617.819.3

21, 75820, 5199,050

4648,486125.4

56 927.0

84.210.7

5,149

.780

.400

708

4.68

25, 4726,652

19, 365

i 1. 962

1.762

1 1. 750

1301,787

10

9641

72 83576, 698

120

50 8125 400

36, 4608 952

2.453

979 7622,21440.3

42 2

117205538

2,31977, 4311,846

29.9542.718.119.8

21, 51620, 2648,336

4397,823118.4

57 523.9

91.315.2

5,946

.780

.400

418, 931

848

4.78

25, 2007,044

26, 342

11.850

.740

i 1. 650

1291,763

13

10046

70 03472, 078

119

48 3724 576

35, 0088 788

2.410

676 40015, 453

38.7

41 8

118221620

62, 1331 884

29.0442.717.819.4

21, 36020, 10211, 399

46510, 686125.8

63 027 3

97.515.2

8 Oil

.780

.400

1,524

4.82

29, 33011,00528 493

1 1. 820

.722

i 1. 725

1301,745

14

11247

70 03768,175

110

60 7106 150

40 30514 255

2.389

587 76335 470

37.3

40 6

120174629

72, 2831 999

28 4542.717 018.8

.7841.069

21, 12619, 8549,265

4718,696127.3

57 823 6

99 315.7

9 509

.780

.400

1,205

4.97

24 7569,720

27 4321 1.644

.644

1 1. 562

1391,735

18

12650

73 26874, 786

121

53 4726 092

35, 76811 612

2.286

419 3041,65236.7

40 8

108140655

2,38173, 6091 434

26.6142.716.518.0

.7551.035

21, 15919, 8859,040

4528,478122.3

55 619.9

101.718.0

11, 175

.780

.400

445, 562

975

4.91

23, 9249,252

28 519

11.600

.638

1 1. 375

1471,592

19

12851

67 95372, 644

119

50 9845 356

34, 05611 572

2.219

334 2481,44937.3

40 7

9899

630

59, 9421 643

25 8342.716 417.3

.7381.019

20, 91019, 61310, 607

4249,948114.5

57 621 6

99.118.9

7,128

.780

.400

705

4.89

30, 02011,02034, 347

1 1. 580

.598

1.375

1361,534

13

11748

63 45771,007

120

60 1156 705

40, 29013 120

2.110

316 461373

36.1

38 6

9770

560

63, 4421 295

26.1742.716 016.5

.730

.991

20, 83419, 5138,110

4167,532112 0

66 924 1

90 017 8

3 864

.780

.400

861

4.90

25, 4728,072

30, 633

1 1. 594

.585

1.425

1451,647

16

11451

67, 77270, 404

120

51 0566,036

34, 20410, 816

2.098

264 4184 36738.0

40 4

9946

541

2 25854, 1361 251

24 4040.716 816 5

.7271.006

20, 77019, 4538,700

4358,102117 3

75 227 2

78 815 2

3 902

.780

.400

408, 440

1,275

4.95

27, 2845,644

24,824

1 1. 600

.585

1 1. 425

1451,743

20

7340

69 69678,524

131

50 2056,563

36, 8446,798

2.128

48 1146 86537.0

39 4

8036

532

54, 2912 532

27 0940.717 417.0

.7331.022

21, 32519, 9489,112

3808,501102.2

83 126 9

65.115.9

3,995

.780

.400

967

5.23

r 31, 3506,380

31, 013

1.627

.594

1.425

130r 1, 528

19

5627

r 61, 138r 68, 504

T 120r 54, 200

r 7, 455r 39, 585

T 7, 160

2.146

106 8537 79737 9

39 4

9546

528

63, 3151 529

28 8940 718 417 5

r 742r 1. 045

21, 39820 0009,516

4768,870128.1

r 84 7r28 0

57 715.0

5 959

.780

.400

893

5.43

30, 4329,044

26, 979

i 1.660

.605

i 1. 425

1631,724

20

11346

73, 65483, 342

149

55, 3207,956

37, 19210, 172

r 2. 164

39.2

38 9

88168577

31 1340 719 3

*> 17 8

v 766P 1 079

21, 43220 0419,768

5019,134135 1

81 126 5

54 815.6

.780400

5.43

1 1. 596

.590

i 1. 425

» 2. 135r Revised. *> Preliminary. i Nominal price.IData for October 1951 and January, April, and July 1952 C9ver 5-week periods and for other months, 4 weeks; stock data and number of active spindles are for end of period covered.cfBegmning 1951. production of broad-woven goods is classified according to principal fiber content; production of fabrics containing 25.0-49.9 percent wool and rayon and cotton fabrics pro-

duced on woolen and worsted looms (which cannot be distributed between cotton and rayon goods), amounted to approximately 73 million yards in 1950.*New series. Compiled by the U. S. Department of Labor, Bureau of Labor Statistics: monthly data beginning 1947 (except for cotton yarn) will be shown later.9 Substituted series. Data beginning January 1950 will be shown later.§Data for October 1951 and January, April, and July 1952 cover 5-week periods; other months. 4 weeks.Almports of unmanufactured wool converted to a clean-weight basis; imports were formerly shown in actual weight, i. e., in the condition received.O Beginning 1951, looms weaving fabrics principally wool by weight.©See note in August 1951 SURVEY regarding coverage of operations in cotton mills beginning with January 1951 data.




1951


berDecem-

ber

1952


ber

TEXTILE PRODUCTS—Continued

WOOL MANUFACTURES— Continued

Woolen and worsted woven goods, except wovenfelts:t

Production Quarterly total thous of lin ydApparel fabrics total do

Government orders doOther than Government orders total do

Mien's and boys' doWomen's and children's do

Nonapparel fabrics total doBlanketing doOther nonapparel fabrics do

Prices, wholesale, f. o. b. mill:Suiting gabardine 56///58'/* dol per ydWomen's dress goods, flannel, 8 oz., 54-inch

dol per yd

85 59570, 51235 70834 80416 68318, 12115 0839,6625 421

4 381

3 302

3.572

2 722

3.713

2.722

91, 32578, 02932 03745, 99218 66727, 32513 2968, 4354 861

3.713 3.713 3.713

87, 18575, 68723,53352, 15425, 11127, 04311, 4986,5364,962

13 696

2 822

3 696

2 822

83,21371, 52017 28954, 23127 39026, 84111 6935,5726 121

3.696 *3 731 3 731 v 3. 686

TRANSPORTATION EQUIPMENT

AIRCRAFT

Exports t do

MOTOR VEHICLES

Factory sales, total _. number--Coaches, total _ _ do

Domestic do. __Passenger cars, total do

Domestic doTrucks total do

Domestic do

Exports total J doPassenger carst doTrucks and busses \ do

Truck trailers, production, total _doComplete trailers do

Vans _ doAll other do

Trailer chassis - do

Registrations:New passenger cars doNew commercial cars _ _ -do _

RAILWAY EQUIPMENT

American Railway Car Institute:Shipments:

Freight cars, total number.-Equipment manufacturers, total do

Domestic _. -doRailroad shops, domestic do

Passenger cars, total doEquipment manufacturers, total do

Domestic _. doRailroad shops, domestic do

Association of American Railroads:Freight cars (class I), end of month :§

Number owned thousandsUndergoing or awaiting classified repairs

thousands. _Percent o f total ownership _ _ _ _ _

Orders, unfilled numberE quipment manufacturers doRailroad shops .do

Locomotives (class I), end of month:Steam, undergoing or awaiting classified repairs

number _ _Percent of total on line

Orders, unfilled:Steam locomotives, total number. _

Equipment manufacturers doRailroad shops _ _ . do

Other locomotives, total doEquipment manufacturers. _ _ doRailroad shops do

Exports of locomotives, total doSteam doOther do

INDUSTRIAL ELECTRIC TRUCKS ANDTRACTORS

Shipments, total number..Domestic doExport do

18462

476, 002743660

365, 906350, 246109, 35390, 445

39, 40118, 98620, 415

4,5984,3441,5992,745

254

406, 21784, 814

8,5785,7555,7552,823

2525160

1,741

925.3

118, 07380, 52237, 551

3,18013.9

230

231,8041,804

0

501

49

44738562

12449

526, 4471,1741,108

414. 533401, 392110, 74092, 275

26, 26411, 77714, 487

5,6055,3042,2513,053

301

373, 16292, 281

10,1296,7946,7773,335

2222180

1,743

875.0

113,39476, 53036, 864

3,00913.5

210

211,7211,721

0

601

59

58754542

16262

450, 416833710

356, 500346, 04893, 08375, 653

35, 17314, 60620, 591

4,7044,4411,8532,588

263

332, 09976, 517

9,8456,3366,3153,509

4545180

1,748

844.8

110, 32570, 91439, 411

2,90113.3

200

201,7891,789

0

653

62

72865276

15269

380, 650845746

292, 799284, 32387, 00670,834

31, 80610, 46821, 434

4,6344,3661,8592,507

268

310, 08462, 596

8,4705,6905,6782,780

2525140

1,752

905.2

104,83167, 97336, 858

2,71812.8

190

191,7201,720

0

371

36

67358192

22442

375, 410778755

273, 639258, 524100, 99385, 127

22, 1009,205

12, 895

5,0134,6571,9502,707

313

301, 37959, 661

8,6436,0826,0822,561

8880

1,755

875.0

98, 56663, 48235, 084

2,64312.7

180

181,5941,594

0

73

65860751

227212

435, 216625525

334, 058315, 670100, 53384, 499

31, 61414, 27217, 342

4,6554,4161,8732,543

219

295, 47959, 285

7,3835,4945,4941,889

2121100

1,758

875.0

93, 60560, 10733, 498

2,70113.3

170

171,5731,573

0

37

681611

70

24873

482, 973569499

373, 237352, 651109, 16792, 027

33, 80816, 28017, 528

5,1244,7331,9942,739

364

322, 85763,364

8,1615,8405,8382,321

4440

1,761

895.1

91, 05658, 23432, 822

2,48012.6

160

161,4411,441

0

56

70264656

291149

529, 585597507

416, 155396, 912112, 83397, 591

32, 77217, 63315, 139

5,2984,8331,9632,870

369

374, 28873, 461

7,4335,2345,2042,199

1212120

1,761

935.3

89, 91754, 81035, 107

2,50213.0

300

301,4631,463

0

• 59

64359845

330115

503, 917423329

398, 286381, 463105, 20890, 472

32, 75918, 00714, 752

5,1634,6021,8542,748

335

422, 21771, 690

7,2635,1714,7652,092

2220

1,763

965.5

84, 34151, 19833, 143

2,23712.1

280

281,3471,347

0

39

65261735

335112

518, 710484382

408, 700392, 933109, 52694, 500

28, 59813, 39615, 202

4,0293,6811,2192,462

292

423, 65571, 471

6,5394,9764,8481,563

1313130

1,764

1015.7

77, 98446, 40931, 575

2,17012.0

260

261,1561,156

0

59

64855494

35367

••211,782224220

168, 327161, 862••43,231' 36, 231

22, 78410, 81311, 971

3,6733,3691,2812,088

263

340, 45472, 134

5,6584,1163,8601,542

8880

1,763

1076.1

76, 87045, 09431, 776

2,13112.0

250

251,1861,186

0

54

39436925

34976

270, 982349271

218, 577211, 14052, 05645, 204

14, 0497,0267,023

'4,471r4,1081,897

r2,211230

T 215, 668r 57, 786

4,6742,9902,8531,684

5550

1,759

1025.8

75,68443, 14432, 540

2,21712.7

230

23976976

0

52

56452836

551, 159387330

438, 397425, 266112,375

99. 375

4.8874,5522, 2802,272

242

318, 87065, 381

3, 93?2,0521,8791,883

1313130

1,757

985.6

73, 60942, 17131, 438

2,12512.5

210

21841841

0

51648828

r Revised. » Preliminary. i Specification changed; earlier data not strictly comparable.•(•Revised series. Beginning with data for 1951, the Bureau of the Census reports for woolen and worsted woven fabrics refer to goods which are principally wool by weight (i. e., exclude

fabrics containing 25-49.9 percent wool previously included).*New series. Compiled by 17. /S. Department of Labor, Bureau of Labor Statistics. More complete specifications are: Worsted suiting, women's and children's gabardine 10 -1214 oz /vd

Monthly data for 1950 will be shown later. 7 y '% Data through December 1951 for total exports and trucks and busses exclude military-type exports not shown separately for security reasons; thereafter the figures, including those for

passenger cars, exclude all military-type exports.§Not including railroad-owned private refrigerator cars.


"INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40-Pages marked S

Abrasive paper and cloth (coated) 38Acids 24Advertising 7, 8Agricultural employment 10Agricultural loans and foreign trade 15, 21, 22Aircraft 11,12,13,14,40Airline operations 22Alcohol, denatured and ethyl 24Alcoholic beverages 2 ,6 ,8 ,27Aluminum 33Animal fats, greases, and oils 25Anthracite 2,5,11,13,14,15,34Apparel, wearing 3,4,5,6,8,9,11,12,14,15,38Asphalt and asphalt products 36Automobiles 2,3,7,8,9,11,12,13,14,16,18, 21

Balance of payments 20Banking 15, 16Barley 28Barrels and drums 32Battery shipments 34Beef and veal 29Beverages 2,3,4,6,8,11,12,14,27Bituminous coal 2,5,11,13,14,15,34,35Blast furnaces, steel works, etc 11,12,13,14Blowers and fans 34Boilers 33, 34Bonds, issues, prices, sales, yields 19Book publication 37Brass 33Brick 38Brokers' loans and balances 16, 19Building costs 7Building and construction materials 7,8,9Business sales and inventories 3Businesses operating and business turn-over __ 4Butter 27

Cans, metal 33Carloadings _.. 22,23Cattle and calves 29Cement and concrete products 2,6,38Cereals and bakery products 5,11,12,14Chain-store sales (11 stores and over, only).... 9Cheese 27Chemicals 2,3,4,5,12,14,15,18,21,24Cigars and cigarettes 6,30Civilian ernplo3'ees, Federal 12Clay products (see also Stone, clay, etc.) 2, 6, 38Closures and crowns 33Clothing (see also Apparel) 5,38Coal 2,5,11,13,14,15,21,22,23,34,35Cocoa 22,29Coffee 22,29Coke 2,22,23,35Commercial and industrial failures 4Communications 11,13,14,15,18,19, 20, 23Confectionery, sales 29Construction:

Contracts awarded 6Costs 7Dwelling units 7Employment, earnings, hours, wage rates _ _ 11,

12,13,14,15Highway 6,7,12New construction, dollar value 6

Consumer credit 16Consumer expenditures 1,8Consumers' price index 5Copper 22,33Copra and coconut oil 25Corn _ _ . . 19,28Cost-of-living index (see Consumers' price

index) 5Cotton, raw and manufactures 2,5,6,21,38,39Cottonseed, cake and meal, oil 25Crops 2,5,25,27,28,30,38Currency in circulation 18

Dairy products 2, 5,11,12,14, 27Debits, bank 15Debt, short-term, consumer 16Debt, United States Government 17Department stores 8, 9, 10, 16Deposits, bank 15,16,18Disputes, industrial 13Distilled spirits 27Dividend payments and rates 1,18, 20Drug-store sales 8,9Dwelling units 7

Earnings, weekly and hourly 13,14,15Eggs and poultry 2 ,5 ,29Electric power 5,26Electrical machinery and equipment 3,

4,5,7,11,12,13,14,21,34Employment estimates and indexes 10,11,12Employment Service activities 13Emigration and immigration 23Engineering construction 6Expenditures, United States Government 16Explosives 25Exports (see also individual commodities) 20, 21Express operations 22

Failures, industrial and commercial „ 4Farm income, marketings, and prices 2,5Farm wages 15Fats and oils, greases 5,25,26Federal Government finance 16,17Federal Reserve banks, condition of . 15Federal Reserve reporting member banks 16Fertilizers ,. 5, 24Fiber products 34Fire losses 7Fish oils and fish 25,29Flaxseed 25Flooring 31,32

Pages marked SFlour, wheat 28Food products 2,

3,4,5,7,8,9,11,12,14,18,27,28,29,30Foreclosures, real estate . , 7Foreign trade, indexes, shipping weight, value

by regions, countries, economic classes, andcommodity groups 21,22

Foundry equipment 34Freight carloadings 22,23Freight cars (equipment) 40Freight-car surplus and shortage 23Fruits and vegetables 2,5,21,27Fuel oil . 35Fuels 2,5,34,35Furs 22Furnaces 34Furniture . 2,3,5,8,9,11,12,13,14,16

Gas, prices, customers, sales, revenues 5,26Gasoline 2,7,8,9,36Glass products (see also Stone, clay, etc.) 2,38Generators and motors 34Glycerin 24Gold 18Grains and products 5,19,21,22,23,28Grocery stores 8,9Gross national product 1Gypsum and products . 6,38

Heating apparatus 6,11,12,13,14,33,34Hides and skins 5,22,30Highways and roads 6, 7,12,15Hogs _ 29Home Loan banks, loans outstanding 7Home mortgages 7Hosiery 38Hotels 11,13,14,15,23Hours of work per week 12,13Hcusefumishings 5,8,9Household appliances and radios 5, 8,9,16,34

Immigration and emigration 23Imports (see also individual commodities). 20, 21, 22Income, personal 1Income-tax receipts 16Incorporations, business, new 4Industrial production indexes 2,3Instalment loans 16Instalment sales, department stores_ 10Insulating materials 34Insurance, life 17,18Interest and money rates 16International transactions of the U. S 20, 21, 22Inventories, manufacturers' and trade 3,4,9,10Iron and steel, crude and manufactures 2,

6,21,32,33Jewelry stores, sales, inventories 8,9Kerosene 35Labor disputes, turn-over.Labor forceLamb and muttonLardLead_

1310292933

Leather and products 2,3,4,5,12,14,15,30,31Linseed oil . 25Livestock 2,5,22,23,29Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 7,15,16,17,19Locomotives 40Looms, woolen, activity 39Lubricants 35Lumber and products 2,

3,5,8,9,11,12,13,14,31,32Machine activity, cotton, wool 39Machine tools 34Machinery 2,3,4,5,11,12,13,14,18,21,34Magazine advertising 8Mail-order houses, sales 8,9,10Manufacturers' sales, inventories, orders 3,4Manufacturing production indexes 2,3Manufacturing production workers, employ-

ment, payrolls, hours, wages 11,12,13,14,15Meats and meat packing 2, 5,11,12,14, 29Metals 2,3,4,6,11,12,13,14,15,18,32,33Methanol 24Milk 27Minerals and mining 2,3,11,13,14,15, 20Monetary statistics 18Money orders 8Money supply 18Mortgage loans 7,15,16,17Motor fuel 36Motor vehicles 3,5,8,9,40Motors, electrical 34National income and product 1National parks, visitors 23Newspaper advertising 8Newsprint 22,37New York Stock Exchange, selected data 19, 20Nonferrous metals 2,6,11,12,13,14, 22,33

Oats __ 28Oil burners 34Oils and fats, greases 5,25,26Oleomargarine 26Operating businesses and business turn-over__ 4Orders, new and unfilled, manufacturers' , _ 4

Paint and paint materials 5,26Panama Canal traffic 23Paper and pu lp___ . 2,3,4,6,11,12,14,15,22,36,37Paper and products.__ 2,3,4,6,11,12,14,15,36,37Passports issued 23Payrolls, indexes 12Personal consumption expenditures 1,8Personal income 1

Pages marked SPersonal saving and disposable income 1Petroleum and products 2,

3,4,5,11,12,13,14,15,21,22,35,36Pig iron 32Plant and equipment expenditures 1Plastics, synthetic, and resin materials 26Plywood 31Population 10Pork 29Postal savings 16Poultry and eggs 2, 5, 29Prices (see also individual commodities):

Consumers' price index 5Received and paid by farmers 5Retail price indexes 5Wholesale price indexes 5, 6

Printing and publishing 2,3,4, 11,12,14,15,37Profits, corporation 1,18Public utilities... 1, 6, 11,13,14,15,17,18,19, 20, 26Pullman Company 23Pulp wood 36Pumps 34Purchasing power of the dollar 6

Radio and television 5, 7,34Railroads, employment, wages, financial sta-

tistics, operations, equipment 11,12,13,14,15,17,18,19,20,22,23,40

Railways (local) and bus lines 11,13,14,15Rayon and rayon manufactures ^ _ 2,39Real estate 7,16,17,19Receipts, United States Government 16Reconstruction Finance Corporation, loans 17Refrigerators, electrical 34Rents (housing), index 5Retail trade, ail retail stores, chain stores (11

stores and over only), general merchandise,department stores 3,4,8,9,10,11,13,

Rice14,15

283624

Roofing and siding, asphaltRosin and turpentineRubber, natural, synthetic, and reclaimed,

tires and tubes 6,22,37Rubber products industry, production index,

sales, inventories, employment, payrolls,hours, earnings 2,3,4,12,14,15

Rural sales 10Rye 28

Saving, personal 1Savings deposits 16Securities issued 18,19Services 4,8,11,13,14,15Sewer pipe, clay 38Sheep and lambs 29Ship and boat building 11,12,13,14Shoes and other footwear 2,8,9,12,14,15,31Shortenings 26Silk, imports, prices. 6,39Silver 18Soybeans and soybean oil 25Spindle activity, cotton, wool 39Steel ingots and steel manufactures (see also

Iron and steel) 32,33Steel scrap 32Stocks, department stores (see also Invento-

ries) 10Stocks, dividends, listings, prices, sales, yields. 20Stokers, mechanical 34Stone, clay, and glass products 2,

3,11,12,13,14,38Stoves 34Sugar ._ ... 22,30Sulfur 25Sulfuric acid 24Superphosphate 24

Tea 30Telephone, telegraph, cable, and radio-tele-

graph carriers 11,13,14,15,18,19, 20, 23Textiles 2,3,4,6,11,12,14,15,21,38,39,40Tile 38Tin , 22,33Tires and inner tubes 6,12,14,15,37Tobacco 2,3,4,5,6,8,11,12,14,15,21,30Tools, machine 34Trade, retail and wholesale. 3,4,8,9,10,11,13,14,15Transit lines, local 22Transportation, commodity and passenger 22, 23Transportation equipment.__ 2,3,4,11,12,13,14,40Travel 23Truck trailers 40Trucks 40Turpentine and rosin . 24

Unemployment and unemployment compensa-tion 10,13

United States Government bonds 16, 17, 18, 19United States Government finance 16,17Utilities 1,5,6,11,13,14,15,17,18,19, 20,26Vacuum cleaners 34Variety stores 8,9Vegetable oils 25,26Vegetables and fruits 2,5,21,27Vessels cleared in foreign trade 23Veterans' unemployment allowances 13

Wages, factory and miscellaneous 13,14,15Washers 34Water heaters 34Wax ... 36Wheat and wheat flour 19,28Wholesale price indexes 5,6Wholesale trade 3,4,10,11,13,14,15Wood pulp 36Wool and wool manufactures 2,6,22,39,40

Zinc 33


ForeignAid

by theUnited StatesGovernment

1940-1951The complete history of Government-aid expenditures since thebeginning of lend-lease; before the United States enteredWorld War II, until after the Korean invasion.

An authoritative record of billions of dollars granted or loanedto foreign nations ... to help win the war ... for relief andreconstruction . . . under the Marshall Plan . • .and to increase our military security.

Where the dollars went, and for what purpose, is reportedobjectively in detail. How much was sent, the termsand guaranties required, the circumstances precedingcongressional authorization, are set forth fully and factually.

Compiled from the accounts of Federal agencies, by the centralClearing Office for Foreign Transactions, this Foreign Aid

volume is the most comprehensive yet published.Covering an 11-year period from July 1940, its tablesshow subtotals for the war and postwar years, byrecipient country or area, for both grants and credits, witha chronological list of enabling legislative acts.

Available from

The Superintendent of Documents, U. S. Government Printing Office,Washington 25, D. C., or the nearest Field Office of the Departmentof Commerce. 118 naffes. illustrated. Price $1.00 a conv.
