SCB_071948

SURVEY OF

JULY 1948

NATIONAL INCOME NUMBER

U. S. DEPARTMENT OF COMMERCE

B U R E A U OF F O R E I G N AND DOMESTIC COMMERCE

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

SURVEY OF CURRENT BUSINESS

No. 7

JULY 1948

C-O/ttenfoPAGE

1THE BUSINESS SITUATION ..........

Changes in Food Supply in 1948 .......... 5

CHANGING PATTERNS OF FUEL CONSUMP-TION ....... ............... 7

NATIONAL INCOME AND PRODUCT STATISTICSOF THE UNITED STATES, 1944-1947 ...... 12

NEW OR REVISED STATISTICAL SERIES . . . . 31

Revised Estimates of Retail Inventories, 1929-48 . . . 31, 32

MONTHLY BUSINESS STATISTICS . . . . S-l to S-40

Statistical Index . Inside Back Cover

Published by the Department of Commerce, C H A R L E S S A W Y E R ,

Secretary. Office of Business Economics, M. JOSEPH MEEHAN, Acting

Director. Subscription price, including weekly statistical supplement, $3 a

year; Foreign $4. This issue, 30 cents. Send remittances to any Depart-

ment of Commerce Field Office or to the Superintendent of Documents,

United States (Government Printing Office, Washington 25, D. C.

Make check payable to Treasurer of the United States.

DEPARTMENT OF COMMERCEFIELD SERVICE

Albuquerque, N. Mex.203 W. Gold Ave.

Atlanta 1, Ga.50 Whitehall St. SW.

Baltimore 2, Md.103 S. Gay St.

Boston 9, Mass.2 India St.

Buffalo 3, N. Y.117 Ellicott St.

Butte, Mont.14 W. Granite St.

Charleston 3, S. C.18 Broad St.

Cheyenne, Wyo.304 Federal Office Bldg.

Chicago 4, 111.332 S. Michigan Ave.

Cincinnati 2, Ohio105 W. Fourth St.

Cleveland 14, Ohio925 Euclid Ave.

Dallas 2. Tez.1114 Commerce St.

Denver 2, Colo.828 Seventeenth St.

Detroit 26, Mich.230 W. Fort St.

El Paso 7, Tex.310 San Francisco St.

Hartford 1, Conn.135 High St.

Houston 14, Tex.602 Federal Office Bldg.

Jacksonville 1, Fla.311 W. Monroe St.

Kansas City 6, Mo.911 Walnut St.

Los Angeles 12, Calif.312 North Spring St.

Louisville 1, Ky.631 Federal Bldg.

Memphis 3, Tenn.229 Federal Bldg.

Miami 32, Fla.36 NE. First St.

Milwaukee l,Wis.517 E. Wisconsin Ave.

Minneapolis 1, Minn.125 S. Third St.

Mohile, Ala.109-13 St. Joseph St.

New Orleans 12, La.333 St. Charles Ave.

New York 1, N. Y.350 Fifth Ave.

Oklahoma City 2, Okla.102 NW. Third St.

Omaha 2, Nehr.1319 Farnam St.

Philadelphia 2, Pa.42 S. Fifteenth St.

Phoenix 8, Ariz.234 N. Central Ave.

Pittsburgh 19, Pa.700 Grant St.

Portland 4, Oreg.520 SW. Morrison St.

Providence 3, R. I.24 Weybossett St.

Reno, Nev.50 Sierra St.

Richmond 19, Va.801 E. Broad St.

St. Louis 1, Mo.1114 Market St.

Salt Lake City 1, Utah350 S. Main St.

San Francisco 11, Calif.555 Battery St.

Savannah, Ga.125-29 Bull St.

Seattle 4, Wash.909 First Ave.

For local telephone listing, consult sectiondevoted to U. S. Government

PUBLISHED WITH THE APPROVAL OF THE DIRECTOR OF THE BUDGET (42 J. C. P.)


JULY 1948

FEDERAL FISCAL SUMMARYA small de-cline in outgoand increasein income ex-panded thecash surplusin the fiscalyear 1948....

BILLIONS OF DOLLARS75

- 25

1940 1946 1947 1948FISCAL YEARS ENDED JUNE 30

and permittedfurther repay-ment of theFederal debt.

Repaymenthas largelycentered inbank-heldFederal securi-ties.

BILLIONS OF DOLLARS300

PUBLICLY-HELD FEDERAL DEBT'

HELD BY

HELD BY BANKS

NONBANK INVESTORS*

250

200

150

100

50

0

I 50

100

50

0

150

100

50

1940 1946 1947 1948AMOUNT OUTSTANDING, JUNE 30

EXCLUDING HOLDINGS BY GOVERNMENT AGENCIES AND TRUST FUNDS.

SOURCES OF DATA: U.S. TREASURY DEPARTMENT, EXCEPT DATA FOR 1948 WHICH ARE\RTLY ESTIMATED BY THE U.S. DEPARTMENT OF COMMERCE.

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

THE

SITUATIONBy the Office of Business Economics

HE national product continued its rise during thesecond quarter of 1948 chiefly as a result of the sustaineduptrend of commodity prices. Purchases by consumers andbusiness outlays for plant and equipment were maintainedat or above their previous high levels. Demand for thenational output was further strengthened by the projectedincreases in Government procurement and in exports andby the renewed rise of wage rates. The latter rise alsoexerted price pressure through its effects on costs.

Aggregate production has shown little change since thelatter part of 1947, apart from seasonal influences and theeffects of labor-management disputes. Over a large segmentof industry, operating rates have held at maximum levelsconsistent with available facilities and supplies of materials,particularly of steel. In those areas where there is leewayfor further expansion, such as in cotton textiles, currentrequirements of business and consumers have generallyserved as the basis for steady operations in the recent period;one of the few exceptions is shoes, where output has moveddownward. The field of residential building stands out asan area where volume has continued to increase.

Labor Market Absorbs Summer Entrants

The volume of employment exceeded 61 million in theJune census week, as large numbers of seasonal workersentered the labor force to work on the farms and to takeother summer jobs. The May-to-June rise was better thanthe usual seasonal advance, partly because of higher laborrequirements in construction and because of unseasonableweather which retarded the expansion in farm employment inthe preceding months. The latest increase in nonagriculturalemployment raised the year-to-year gain above 2 millionworkers. On the other hand, the estimated number em-ployed in agriculture has for several months been lower thanin the corresponding months of 1947.

Throughout the second quarter of 1948 there were some-what fewer persons without jobs and actively seeking em-ployment than the same months of the last 2 years. Abouthalf the 2.2 million persons unemployed in June were outof work for 3 weeks or less. Many of these persons, ofcourse, were just out of school.

Retail Trade Pick-up Slows Inventory Accumulation

The quickened pace of retail sales during the second quar-ter of the year was in part attributable to the reduction inindividual income taxes and the granting of wage increases.The pattern of sales has continued to favor the durable goods

794877—48 2


SUEVEY OF CURRENT BUSINESS July 1948

groups—although sales of automobile dealers declined fromApril to May because of lower production—but food-storesales also are running well ahead of last year. With in-creased income at their disposal, consumers have been ableto step up their durable goods purchases without any furthercurtailment in other types of spending.

Inventory changes have tended to move inversely withchanges in consumer takings. While retail trade was slug-gish in the first quarter, stocks accumulated in the hands ofdistributors—the increase in the book value of inventoriesheld by wholesalers and retailers exceeded 500 million dollarsa month during this period, apart from the expected seasonalchanges. In the 2 months following March, the pick-up inconsumer buying moved goods out of distributors' handsfaster than the rate of merchandise receipts. This permittedsome improvement in stock-sales ratios from March to Mayat the distributive level. The book value of manufacturers'inventories continued to rise through May.

Shift in Federal Fiscal Position

Among the other more dynamic factors during the secondquarter was the shift—actual and prospective—in the fiscalposition of the Federal Government. Business developmentsreflected both the immediate impact of the cut in the income-tax withholding rate and the further fiscal shift in prospectas the flow of funds is stepped up for foreign aid and for theexpanded defense programs.

These fiscal developments mark the reversal of the trendsin receipts and expenditures shown in the chart on the open-ing page. In the fiscal year which ended June 30 the excessof cash income approached 9 billion dollars, as compared withless than 7 billion dollars in the preceding fiscal year. Cashreceipts responded to the higher income level in the privateeconomy and cash outgo moved slightly lower as a result offurther reductions in military outlays. These summaryresults for the fiscal year were only slightly affected by thenew financial developments mentioned above as just gettingunder way.

As shown in the lower three panels of the chart on page 1,there has been a substantial reduction in the public debtduring the past 2 years. That the amount of debt retirementthis past fiscal year was smaller than in 1947, even thoughthe size of the cash surplus was larger, reflects the factthat at the start of the latter fiscal period the Treasury cashbalance was still larger than needed for postwar requirementsand hence provided an additional source of funds for debtretirement.

The debt-reduction program has centered in bank holdings,which have been reduced by about 30 billion dollars sinceFebruary 1946 when the repayment program was initiated.To this extent, therefore, the repayment program did notadd to private bank deposits or currency outside banks.However, the expansion of bank loans during this period, andthe gold inflow, tended to counteract the anti-inflationaryeffects of the Treasury's excess of cash income over outgo.

Corporations and insurance companies have also loweredtheir holdings of Federal securities since 1946, the formerlargely as a result of the need for cash to meet their capitalrequirements, and the latter because of the greater avail-ability of higher-yield private issues as business and consumersincreased their indebtedness.

"Cash" Versus "Budget" Accounts

As in previous years there are sizable differences betweenthe "cash" and "budget" results for the fiscal year 1948.The former accounts reflect the actual money flow betweenthe Federal Government, which is treated on a consolidatedbasis, and the rest of the economy. The official budget

accounts are designed to meet certain legislative and account-ing requirements and thus include various noncash and intra-governmental transactions, while excluding other transac-tions, which involve cash payments or receipts.

A new source of difference between the two sets of accountswas introduced with the passage of the Economic Coopera-tion Act which required that the sum of 3 billion dollars betransferred to a trust fund and "considered as expendedduring the fiscal year 1948, for the purpose of reportinggovernmental expenditures." This transfer is included inbudget expenditures—and the budget surplus for the fiscalyear 1948 is correspondingly reduced—tut the expenditure ofthe funds will not appear in the cash accounts until paymentsare actually made. The "cash" and "budget" results arecontrasted in the following table (amounts are in billionsof dollars):

ReceiptsExpenditures __ __ __ _Surplus or deficit (— )

Fiscal years

1946

Cash

47.865.7

-17.9

Budget

43.063.7

—20.7

1947

Cash

46.640.06.7

Budget

43.342.5

.8

1948

Cash

47.738.78.9

Budget

44.739.35.4

Wage Increases Augment Income Flow

With respect to the amount of income available for con-sumer spending, the major change in the recent period hasbeen the tax cut. However, wage and salary paymentsincreased in May, after declining in the preceding 3 months,and the total personal income recorded a further advance to208 billion dollars on a seasonally adjusted annual rate basis.

For the most part, the small declines in wage paymentshad reflected the variation in industrial activity because ofwork stoppages incident to labor-management disputes andthe uneven flow of materials. The underlying trend ofbasic wage rates was upward throughout this period. Aver-age hourly earnings in manufacturing industries rose to $1.30in May, immediately preceding wage settlements in impor-tant segments of the automobile, electrical-machinery, andmeat-packing industries. In May 1947 the figure was $1.21.

The rise in average weekly earnings in manufacturingindustries in May was relatively smaller than the change inhourly earnings because of a shorter work week. Workstoppages at some auto-manufacturing plants, seasonaldeclines in non-durable-goods industries, and materialsshortages in metal-working industries accounted for thedecline in hours worked.

Weekly Commodity Price Index Tops Earlier Peak

Five months after the BLS weekly index of wholesale;commodity prices turned downward, chiefly because of theweakening of various farm product and food prices, the indexhas regained and exceeded its earlier high point. By the endof June the farm product price average had advanced towithin 1 percent of the mid-January figure, as the easing ofgrain prices in anticipation of enlarged supplies in the coming-crop year was outweighed by advances ffor livestock andlivestock products. Higher meat prices were important inraising the wholesale food price average above the Januarylevel by the end of June and in moving the Consumers' PriceIndex into new high ground.

At the end of June there were only two wholesale com-modity price groups other than farm products which werelower than in mid-January—hides and leather products,about 6 percent lower, and chemicals and allied products,


July 1948 SURVEY OF CURRENT BUSINESS

about 4 percent lower. As shown in chart 2, the combinedindex for prices outside the farm and food products areasrecorded only a slight dip in February and has edged upwardsince then. As compared with the closing week in June 1947,the average price advance has been 11 percent for farmproducts, 13 percent for foods, and 14 percent for all othercommodities. (It may be noted the chart makes use of aratio scale in order to place the relative changes in the indexesin true perspective.)

Chart 2.—Wholesale Prices by Major Commodity Groups

INDEX, 1926 = 1002501

(RATIO SCALE)

200

150

100

90

ALL COMMODITIES

FARM- PRODUCTS

INDEX, 1926 = 100250

200

150

'ALL OTHER

100

901946 1947 1948 1946 1947 1948

Sources of data: U. S. Department of Labor, Bureau of Labor Statistics, through May1948; data for June 1948 estimated by the y. S. Department of Commerce, Office of BusinessEconomics, from Bureau of Labor Statistics weekly wholesale price indexes through July 3,1948.

Price increases announced during June for industrial prod-ucts affected -copper and brass products, crude rubber andrubber tires, passenger cars and trucks, and electrical prod-ucts. In many cases, the timing of the price adjustmentscoincided with wage settlements.

Plant and Equipment Survey

American business, exclusive of agriculture, plans to makeoutlays of 4.6 billion dollars for new plant and equipmentduring the third quarter of 1948, according to the regularquarterly reports submitted to the Department of Commerceand the Securities and Exchange Commission by businessconcerns.1 These expenditures planned for the third quarterare about on a par with the outlays which business nowanticipates for the second quarter, and are above the actualfirst-quarter outlays largely as a result of seasonal factors.The rates of aggregate business expenditures for new plantand equipment anticipated in the second and third quartersof 1948 are considerably above those in the corresponding-period of 1947, though most of the increase from last yearreflects the upward movement in prices.

According to reports submitted earlier this year, the totalof expenditures for new plant and equipment in 1948 wasexpected to reach 18.6 billion dollars, of which about one-halfwas planned for the first 6 months. Partly because of severeweather conditions, actual outlays of 4.2 billion dollars duringthe first quarter were 300 million dollars below the figureanticipated for that quarter. However, expenditures nowplanned by business for the second and third quarters of1948 do not appear to differ greatly from those originallyanticipated for this period in the opening months of the year.

i This survey was conducted in the second quarter of the year.

For most of the separate areas of business shown in table1, the revised estimates of outlays for new plant and equip-ment through the third quarter of 1948 indicate that expendi-tures in the third quarter are generally expected to continueat the high level of previous months. There are, however,

Table 1.—Expenditures on New Plant and Equipment byU. S. Business 1

[Millions of dollars]

Industrial group

Manufacturing _MiningRailroad _ _Other transportationElectric and gas utilities ,. _ _ _Commercial and miscellaneous3

Total, actual

Second estimate 4 _First estimate 4

Jan.-Mar.

1,450150160180330900

3,160

3,4403,640

Apr.-June

1,850160220230450

1,030

3,940

3,6703,560

1947

July-Sept.

1,870180230200500

1,160

4,140

4,0703,770

Oct.-Dec.

2,290210300190620

1,340

4,950

4,4404,020

Total

7,460690920800

1,9004,430

16, 200

15, 68015, 180

Jan.-Mar.

1,800180270180500

1,240

4,170

4,4804,100

1948

Apr.-June2

2,010180350210610

1,330

4,6904,780

July-Sept.2

1,850180380170650

1,340

4,570

1 Excluding agriculture.2 Estimates based on anticipated capital expenditures of business.3 Includes trade, service, finance, and communications.4 In reporting actual figures for each quarter, business concerns also give estimates of similar

outlays planned for the 2 quarters following. The second estimate is thus a revision of thefirst estimate.

NOTE.—Figures are rounded and will not necessarily add to totals.Source: U. S. Department of Commerce and Securities and Exchange Commission.

some notable differences in trend. Manufacturing companiesanticipate a slight drop in capital outlays from the secondto the third quarter of this year, which may be partly seasonalin character, while railroads and electric and gas utilitieslook forward to further acceleration in the rate of theirexpansion. The other major group, consisting of commercialand miscellaneous companies, showed little change inexpected expenditures.

First-Quarter Corporate Profits

Corporate profits in the first quarter of 1948 were slightlybelow the record levels reached in the last quarter of 1947,according to preliminary estimates of the Department ofCommerce. During recent quarters, seasonally adjustedprofits have followed closely the course of national income.After a period of stability lasting through the first threequarters of 1947, both series showed sharp gains in the fourthquarter which were approximately maintained in the firstquarter of 1948.

Table 2 presents revised estimates of profits before andafter Federal and State income and excess profits taxes foreach of the four quarters of 1947, and an initial estimate forthe first quarter of 1948, classified by broad industry groups.A first-quarter 1948 estimate for corporate sales is also in-cluded. Additional profits data, including seasonally ad-justed aggregates are shown elsewhere in this issue of theSURVEY.

No great significance should be attached to the smalldecline in profits in the first quarter of 1948, inasmuch as theinterpretation of fourth-to-first quarter movements is espec-ially difficult because of seasonal movements and complica-tions introduced by year-end adjustments in reported profitsdata.

Profits before taxes had by the last quarter of 1946recovered from the low levels to which they had fallen insome industries during the reconversion period, especiallyin the metal industries. The level reached in this periodand maintained through the first three quarters of 1947 wasconsiderably higher than the highest wartime quarter, or ata seasonally adjusted annual rate of 28.0 to 29.1 billiondollars as compared with 25.4 billion dollars in the first


4 SURVEY OF CURRENT BUSINESS July 1948

Table 2.—Corporate Profits Before and After Taxes, and Corporate Sales: 1947 by Quarters, and First Quarter of 1948 1


Industry group

All industries, total 2 3.

MiningManufacturing

Metal industries 4 . _Other manufacturing

Wholesale and retail tradeFinance, insurance, and real estate 2

TransportationCommunications and public utilitiesAll other industries 5

Corporate profits before taxes

1947

Firstquarter

7,207

1884,3971,6172,7801,151

494215439323

Secondquarter

7,214

2154,3341,6092,7251,183

505290339348

Thirdquarter

7,262

2234,3991,5432,8561,151

518312294365

Fourthquarter

8,101

2505,0701,8413,2291,258

530278358357

Quar-terly

average

7,446

2194,5501,6522,8981,186

512274357348

1948

Firstquarter

7,831

2534,8621,7843,0781,232

542186429327

Corporate profits after taxes

1947

Firstquarter

4,356

1342,655

9521,703

679291120267210

Secondquarter

4,378

1522,627

9481,679

698296171207227

Thirdquarter

4,412

1552,669

9051,764

679306187179237

Fourthquarter

4,929

1763,0861,0812,005

743314161216233

Quar-terly

average

4,519

1542,759

9711,788

700302160217227

1948

Firstquarter

4,794

1782,9791,0561,923

727320111261218

Corporate sales

1947

Quar-terly

average

79, 885

1,47144, 15814, 82429, 33424, 580

3,8242,2703,582

1948

Firstquarter

84, 144

1,58247, 75216, 20831, 54424, 707

3. 9512,5703,582

1 Annual corporate profits and sales estimates by major industrial groups for 1947, andrevised series for 1944,1945, and 1946 are published in this issue of the SURVEY on pp. —. Forsimilar data for the years 1929 through 1943, consult the National Income Supplement to theSURVEY OF CURRENT BUSINESS for July 1947, pp. 30-32,41. Concepts and methodology havebeen described in Trend of Corporate Profits, 1929-45, SURVEY, April 1946, pp. 11-12. Theprincipal change made since that statement was prepared has been to adjust for tax creditsflowing from the carry-back of unused excess-profits tax credit and net operating loss; that is,these tax credits were added to profits after taxes in those years to which the tax credit wascarried back.

2 Sales figures exclude the industrial division of finance, insurance, and real estate. Pres-entation of sales data for these industries would be misleading in view of the large part oftheir receipts which is in the form of property income.

It should be noted that the corporate sales estimates above are gross; that is, they include

quarter of 1944. During this period of stability variationsby industry from the over-all pattern were not appreciable.

In the more dynamic fourth quarter of 1947 and firstquarter of 1948, there were some significant gains and lossesby certain industrial groups. Within manufacturing, profitsin the food and kindred products group dropped off sharplyin the first quarter of 1948. The petroleum and coalproducts and the iron and steel industries reported largeadvances in both the fourth quarter of 1947 and the first of1948. The automobile industry showed a substantialincrease in the fourth quarter of 1947 and a moderate onein the first quarter of 1948.

Outside the manufacturing group, the railroad industryexperienced a large decline in profits in the first quarterof 1948. First-quarter profits in trade, on a seasonallyadjusted basis, represent a moderate increase over thefourth quarter of 1947. The motion-picture industry re-corded a substantial profit decline in the first quarter of 1948.Most of the other industries showed no clear-cut movementfrom the third quarter of 1947 to the first quarter of 1948.

Profit Rates

In evaluating current profits, it is important, first, torealize that the estimates in table 2 represent profits beforeinventory-valuation adjustment. Thus, the 1947 figure of29.8 billion dollars includes over 5 billion dollars whichreflects higher unit costs of inventories. Second, currentprofits should be examined in the light of the record value ofoutput now prevailing. After inventory-valuation adjust-ment, corporate profits before taxes in 1947 representedabout the same proportion of total income originating incorporate business as they did in 1929—that is, about 22percent. Both of these periods were below the wartimepeak of 26% percent, but far above the level during thethirties.

Profits after taxes in 1947, measured either before or afterinventory-valuation adjustment, are below 1929 levels as apercent of income originating in corporate business, due to thecurrently higher income tax rates. Current profit-after-taxrates, however, are sharply higher than during the warperiod, when heavy excess profits tax rates were in force.

interbusiness transactions and thus to a large extent represent a duplicated count. Thisis so since the sales of each firm entering into the corporate total include not only the valueadded by it, but also the value of the materials purchased from other firms, which is alreadyincluded in the sales of those other firms.

3 Total profits for all industries include the adjustment for the net flow from abroad ofdividends and branch profits.

4 Metal industries comprise iron and steel, nonferrous metals, machinery (except electrical),electrical machinery, transportation equipment (except automobiles), and automobiles.

5 All other industries comprise agriculture, forestry and fisheries, contract construction,services, and the international balance adjustment.

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

Chart 3.—New Nonfarm Dwelling Units Started: Totaland Number Under F. H. A. Commitments

THOUSANDS125

100

75

50

25

TOTAL I/

1945 1946 1947

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

1948

1 Represents privately financed conventional and prefabricated types of dwelling units.Data beginning with 1946 are f9r permanent units only, while data for 1945 also include asmall number of temporary units started which were not reported separately. Estimatesare based upon permit data and sample field surveys and represent starts as of the timefoundation work is begun.

2 Represents units started under F. H. A. insurance commitments, recorded as of the timefootings are put in place. Because of differences in methods of derivation and in timing, theF. H. A. series is not strictly comparable on a month-to-month basis with the estimates oftotal starts.

Sources of data: Total, U. S. Department of Labor, Bureau of Labor Statistics; F. H. A.commitments, Housing and Home Finance Agency, Federal Housing Administration.

Advance in New Construction Activity

The value of new construction put in place rose to 1.6billion dollars in June, bringing the value for the firsthalf of the year to 7.7 billion dollars, as compared with5.7 billion in the first half of 1947. Somewhat more thanhalf of the year-to-year increase has occurred in private

(Continued on page 30)


July 1948 SUKVEY OF CURRENT BUSINESS

Changes in Food Supply in 1948IVlIDYEAR prospects for crop production indicate a

record outturn in 1948. In spite of this, total food pro-duction for this year is expected by the Department ofAgriculture to be lower than in recent years primarily be-cause of reduced marketings of livestock and livestockproducts.

Total United States food "disappearance" in 1948 isestimated to be lower than in the past two years, but itwill still be about a third higher than the average for theyears 1935-39 (see chart 4). The portion of the total goinginto noncivilian channels is expected to be lower in 1948than a year earlier principally because of a reduction inexports, both commercial and governmental relief shipments.

Domestic civilian food consumption per capita in 1948 isestimated at 112 percent of the 1935-39 average, or 3 per-cent lower than in 1947 (see chart 4). The index of percapita civilian food consumption reached a high point of118 percent of the 1935-39 average in 1946.

Chart 4.—Total U. S. Food Disappearance 1

INDEX, 1935-39 = 100150

100

50

POINTS IN TOTAL INDEX

C I V I L I A N

1940 41 42 43 44 45


46 47

1 Includes both domestically produced and imported foods.2 Includes military civilian feeding.3 Data for 1948 are forecasts as of May 1948.Source of data: U.S. Department of Agriculture, Bureau of Agricultural Economics.

Less Meat and Dairy Products

The principal change in the food supply from a year ago isthe reduction in livestock and livestock products, which is anadjustment made necessary by the short corn crop harvestedin 1947. Civilian meat consumption is estimated at about145 pounds per capita, as compared with 155 pounds last year.In the first 6 months of the year the principal reduction hasbeen in the supply of beef; pork production has been runningabout the same as a year earlier. In the latter half of theyear, however, both pork and beef will show reductions fromthe corresponding period in 1947.

Consumption of dairy products on a per capita basis willaverage about 3 percent lower in 1948 than a year earlierand 4 percent below the 1935-39 average, if the high rateof milk production per cow continues during the remainderof the year. The decline below the prewar figure is whollyconfined to butter consumption, as explained below.

Shifting Utilization of Milk

The small changes in total milk consumption mask themajor shifts which have taken place between the consumptionof fluid milk and cream on the one hand and manufactureddairy products on the other. In the war and postwar periodas a whole, the proportion of total milk production consumedas fluid milk and cream has increased over the prewar average,as the failure of production to keep pace with the growthin consumer demand for all dairy products has curtailedthe utilization of milk in other forms, notably butter.

The reason for this lies in the structure of the market formilk products. Milk can be readily diverted from one use toanother, and since a higher price is obtained for that used forfluid purposes, the fluid market is satisfied first and the re-maining milk goes into manufactured products. The shiftsin milk utilization from the prewar pattern have taken placein two distinct phases. From the beginning of the warthrough 1945, fluid milk and cream consumption expanded,reaching a total of 433 pounds per capita in the latter year,or 27 percent more than the average for 1935-39. In part,this expansion reflected the influence of Government sub-sidies in restraining the rise in the price of milk to consumersduring this period. In each year since 1945 fluid milk andcream consumption per capita has fallen concurrently withthe rise in retail milk prices. In 1948, fluid milk and creamconsumption per capita is estimated at 388 pounds, to beabout 14 percent higher than the prewar average but nearly10 percent lower than in 1945. Retail milk prices in May of1948 were 13 percent higher than in May of 1947, and 36percent higher than in May of 1945.

Declines in Some Poultry Products

Egg consumption may be about the same as in 1947, asshown in the lower portion of chart 5, despite a reduction inthe number of layers on farms. Somewhat fewer chickensfor eating will be available and turkey supplies will be thesmallest in 10 years. The number of turkeys being raisedis down 20 percent and cold-storage holdings are only abouthalf as large as last year.

Adjustments in Livestock

Farmers are thus curtailing their livestock programs thisyear as the feed pinch develops. In some cases, however,they are getting more production per head of livestock, andin other instances the full impact of lower output is not beingfelt by consumers either because of withdrawals of food fromstorage holdings or because of reduced exports. Just asthese adjustments have been delayed from several monthsto a year or more after the cause (i. e., the short corn crop)appeared, improvement in food supplies will be correspond-ingly delayed even if—as now appears likely—a bumper corncrop is harvested this fall.

For example, the Department of Agriculture reports, onthe basis of a survey of breeding intentions, that the pig cropto be farrowed this fall (and marketed next spring) is ex-pected to be no larger than the small crop farrowed a yearearlier and nearly 10 percent smaller than the average fallpig crop for the past 10 years.

A dearth of cattle flowing from corn-belt feed lots—partic-ularly of long-fed steers—during spring and early sum-mer, a season in which these classes normally comprise alarge portion of the beef supply, has resulted in advancing



beef prices. In the first two weeks in June, the compositeretail price of steer beef in New York City was 26 percenthigher than in the same period a year earlier.

Chart 5.—Per Capita Civilian Consumption of MajorFoods1

ON THE AVERAGE, WE WILL CONSUME LESSFOOD THIS YEAR THAN LAST, BUT SUBSTAN-TIALLY MORE THAN IN 1935-39.

INDEX, 1935-39= 10050 100 150

'ALL FOOD, PERCAPITA

LESS OF THESE FOODS THAN IN 1947.0 50 100 150

CHICKEN,(DRESSED WEIGHT)

CITRUS FRUITS,FRESH

PORK (EXCLUDINGLARD)

BEEF

MILK AND CREAM,FLUID

FRESH FRUITS,(EXCLUDING CITRUS)

SUGAR, REFINED

BUTTER, FARMAND FACTORY(ACTUAL WEIGHT)

ABOUT THE SAME OR MORE OF THESE.0 50 100

FRUIT, CANNED

VEGETABLES,CANNED

EGGS

VEGETABLES,FRESH

FLOUR,WHEAT

POTATOES


150

1 Data are for calendar years except fresh citrus fruits, which are for crop years beginningin October of the previous year.

2 Data for 1948 are estimates based upon prospective supplies as of May 1948.

Source of data: U. S. Department of Agriculture, Bureau of Agricultural Economics.

Mixed Changes for Other Foods

Edible fats and oils will be about as abundant on a percapita basis in 1948 as a year earlier. Consumers will haveless butter but more margarine, and about the same quan-tities of the other fats and oils. As compared with theaverage for 1935-39, consumption of fats and oils in 1948will show a decline of about 7 percent, despite substantialadvances for margarine and lard.

Consumption of fresh cirtus fruit from the crop whichstarted to move to market last October will be lower thanfrom the previous year's large crop, but citrus productshave continued in good supply. Consumption of cannedfruit and juices will be about 10 percent higher during thecurrent calendar year than in 1947.

Vegetable supplies, both fresh and canned, are estimatedto be about the same or slightly improved this year overlast year, when consumption was lower than in the precedingtwo years.

Farm Income Sustained at High Level

Cash farm income continues high, averaging about 5 per-cent higher than a year earlier during the first 6 months ofthis year. On the whole, the basic forces sustaining farmincome have been stronger so far in 1948 than in the corres-ponding period in 1947.

An analysis of farm income for the years 1922 through 1947shows that cash farm income is highly correlated with dis-posable income of consumers and the value of agriculturalexports. During this period, each change of 10 billiondollars in disposable income was associated with an averagechange of 1.4 billion dollars in cash income from farmmarketings and each 1-billion-dollar change in agriculturalexports was associated with an average change of 1.8 billiondollars in cash farm income.2 In 1947, the calculated valuefor cash farm income was 28.6 billion dollars, which was 1.6billion less than actual income for the year.

As in the past, any substantial change in farm income willbe closely dependent upon changes in exports and personalincome. The export portion of the market for farm productsin the first few months of 1948 is less strong than in 1947,although the value of farm exports is still high in relationto previous periods.

The domestic demand for farm products has increased.Disposable personal income, at 184 billion dollars in thefirst quarter of 1948, was up 3 billion from the previousquarter and 14 billion from the first quarter of 1947.

The current position of agricultural and food prices whichemerges from a consideration of production, exports, andconsumer demand is one in which the strong elementscontinue to predominate. The reduction in export demandfor food from the extraordinarily high rate of a year ago ismore than offset by the increased civilian demand associatedwith the advance in disposable income. On the supply side,the volume of food for civilian consumption is somewhatlower in areas such as meat and dairy products where pricesare sensitive to changes in volume.

Recent trends in consumption expenditures show littleevidence of a shift away from food purchases. Increasedsales of consumers' durables and building materials havebeen accompanied by lagging sales in apparel and in suchsemiluxuries as jewelry, entertainment, and eating anddrinking establishments rather than in food sales.

2 These relationships, which are averages for the 1922-47 period, show a greater sensitivityof farm income to changes in disposable income and agricultural exports than similar relation-ships fitted for the period through 1940 or 1941. (See SURVEY December 1946, pp. 4-6, andchart 5.) For the years 1922-40, the coefficients in the regression equation which correspondto 1.4 and 1.8 in the test are 1.2 and 1.6, respectively. Inclusion of the years 1941-47 in fittingthe equations increases slightly the absolute divergencies between the actual and calculatedvalues for farm income during the years 1922-40, but results in closer estimates for subsequentyears, particularly the postwar years.

The complete regression equations are as follows (all figures in billions of dollars): 1922-47period: y (cash income from farm marketings) = — 3.0+0.14xi (disposable personal income)-f-1.70x2 (value of agricultural exports). Coefficient of determination CR2)—o. 99 (Note: Thisequation was computed before the revised income estimates published in this issue becameavailable). 1922-40 period: y= -1.6+0.12^+1.SUxz. -R2=0.96.


By Murray F. Foss

Changing Patterns of FuelConsumption

"EMANDS made on the nation's fuel resources assources of energy in the postwar period have exceeded thewartime use when curtailment of civilian demand was neces-sary to divert fuel to the armed forces. Under conditions ofrising demand and increasing costs, fuel prices have advancedwith the upward movement of the general price level. Rela-tive shifts in prices, however, have differed so that the struc-ture of fuel prices has undergone substantial change.

The basic shift in relative importance from coal to petro-leum and natural gas as primary sources of energy—a, trendwhich has been in progress for decades—has been acceleratedin recent years by the more rapid additions to oil- and gas-consuming equipment than to coal-burning equipment. Theexpanded demand for fuel has made necessary large expendi-tures for new plant and equipment for extraction, processing,transportation, and marketing purposes. Capital expendi-tures in the rapidly expanding petroleum industry haveaccounted for the largest share of new investment in the fuelindustries and in 1947 made up as much as one-seventh ofaggregate plant and equipment outlays by nonfarm busi-nesses. New facilities have not only made possible increasesin present and future fuel supplies but have also contributedheavily to the high volume of investment in recent years.

This article analyzes the changing patterns of consumptionof the primary mineral fuels—coal, petroleum, and naturalgas—and reviews the more important developments in ex-panding the supply side.

Energy Consumption Tops War Peak

Combined consumption of energy in the form of primarymineral fuels and the fuel equivalent of water power aggre-gated about 35,000 trillion B. t. u. (British thermal units)in 1947, or 4 percent more than the wartime peak in 1944 and60 percent above the average for 1935-39. Fuel require-ments in 1948 have been running ahead of last year becauseof the advance in industrial production and the increase infuel-using machinery and equipment—electric-power gen-erators, motor vehicles, locomotives, and heating equipment.

Chart 1 shows energy consumption on a per capita basis foreach individual fuel and for all fuels in the aggregate. Inthese terms, consumption in 1947 was fractionally lower thanin 1944 and some 42 percent greater than the 1935-39 average.

Two fundamental influences have been at work affectingthe long-term trend of fuel consumption. On the one hand,increased mechanization and industrialization have requiredmore power; on the other, technological advances in fuelconsumption have tended to lower fuel requirements perunit of output. During the interwar period, the second ofthese forces was more important than the first. This is seenin the fact that per capita fuel consumption in 1940 waslower than in 1929 and only fractionally higher than in 1920,

NOTE.—Mr. Foss is a member of the Current Business Analysis Division, Office of BusinessEconomics.

while the Federal Reserve index of manufacturing produc-tion, expressed on a per capita basis, shows increases of 6 per-cent from 1929 to 1940 and 37 percent from 1920 to 1940.

Since the latter year, however, the first influence—namely,industrial expansion—has far outweighed the effects oftechnological advances in fuel utilization, and the number of

Chart 1.—Per Capita Consumption of Energy fromMineral Fuels and Water Power l

MILLIONS OF BRITISH

THERMAL UNITS

250

200

150 -

100 —

50 —

1920 25 30 35U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.

40 45

1 Data represent domestic consumption of coal, petroleum, natural gas, and fuel equivalentof water power expressed in terms of their heat values, or British thermal units. The follow-ing conversion factors published by the U.S. Bureau of Mines have been used: Bituminouscoal and lignite, 13,100 B. t. u.'s per pound; petroleum, 6,000,000 B. t. u.'s per barrel; naturalgas, 1,075 B. t. u.'s per cubic foot; and anthracite, 13,600 B. t. u.'s per pound. Water powergenerated by hydroelectric plants has been converted to its fuel equivalent, which representsa simple average of fuel consumption computed through the use of a constant fuel factor anda factor varying each year according to the experience in central electric-utility stations.Population data, used to compute per capita consumption, are for Continental United States,including the armed forces abroad.

Sources of data: Fuel consumption, U. S. Department of the Interior, Bureau of Mines;population, U. S. Department of Commerce, Bureau of the Census.


8 SUEVEY OF CUEEENT BUSINESS July 1948

B. t. u. per capita rose to about 245 million in 1944 and toslightly less than this figure in 1947, as compared with about190 million before the war. In some cases during the recentperiod, the long-term decline in fuel input per unit of outputhas been arrested or reversed, thus adding to total fuelrequirements.

In addition to the year-to-year movements in over-all fuelconsumption, which follow fairly closely the movement ingeneral economic activity, there have been significant shiftsin the relative importance of the different fuels in the totalfuel picture. These changes reflect not only the long-termtrends in the consumption of individual fuels but also thedifferential impact on fuel consumption of changes in businessactivity. The changes are evident from chart 1, but arespecific in table 1 which gives for each year the proportion ofconsumption accounted for by each fuel.

Table 1.—Percent Distribution of Total Domestic EnergyConsumption, by Sources

Year

191919201921192219231924192519261927192819291930193119321933193419351936 . _ _19371938193919401941194219431944194519461947

An-thra-cite

11.911.613.38.8

10.810.48.19.08.98.67.98.18.07.97.57.86.86.35.75.85.95.35.15. 14.84.84.24.53.7

Bi-tumi-nouscoal

67.566.361.463.762.260.061.060.057.656.055.352.549.346.246.947.146.548.347.142.643.345.245.447.347.845.743.440.440.5

Totalcoal

79.477.974.772.573.070.469.169.066.564.663.160. 657.354.154.454.953.354.652.848.449.250.550.552.452.650.547.644.944.2

Pe-tro-

leum

12.013.616.418.117.919.520.320.121.222.222.924.527.428.829.028.629.128.629.432.232.131.432.029.028.029.731.333.033.9

Natu-ralgas

4.34.34.34.75.05.86.06.16.87.28.49.29.29.69.39.8

10.110.110.811.611.611.210.810.911.311.712.413.213.7

Totalpetro-leumandnatu-ralgas

16.317.920.722.822.925.326.326.228.029.431.333.736.638.438.338.439.238.740.243.843.742.642.839.939.341.443.746.247.6

Totalmin-eralfuels

95.795.895.495.395.995.795.495.294.594.094.494.393.992.592.793.392.593.393.092.292.993.193.392.391.991.991.391.191.8

Waterpower(fuel

equiv-alent)

4.34.24.64.74.14.34.64.85.56.05.65.76.17.57.36.77.56.77.07.87.16.96.77.78.18.18.78.98.2

Grandtotal

100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0

Source: See chart I.

Coal a Declining Percentage of Total

The most striking change over the past three decades isthe marked decline in the relative importance of coal as asource of energy and the increase in petroleum, gas, and waterpower. The decline in anthracite, which has always foundits most important use in residential heating, has been almostuninterrupted.

Bituminous coal has declined in relative standing, notonly because of the more rapid growth of petroleum, gas,and water power, but also because of the increased economiesin its utilization. Per capita use declined by more than one-third from 1919 to 1939 and in 1947 was still about one-sixth below the 1919 figure.

The variations in bituminous-coal consumption accountfor most the year-to-year change in the total per capitaconsumption of all fuels. Bituminous coal has been themost important source of energy over the period underconsideration and has shown wide cyclical fluctuationsbecause of its extensive use as an industrial fuel.

The use of petroleum and natural gas has been expandingat a rapid pace for many years. Per capita petroleum con-sumption in 1947 was almost four times the 1919 figureand the increase in natural gas was even larger, relatively,during this same period. Petroleum consumption, in contrast

to bituminous coal, has shown only small cyclical variations.This is in part because of the strength of the underlyinggrowth factors and in part because a greater share of thepetroleum supply finds its way into uses, such as motor fueland heating purposes, which are less affected by the rate ofgeneral industrial activity.

The reasons for the fairly close relationship between themovement of bituminous-coal consumption and industrialactivity are apparent from an examination of domestic con-sumption by class of customer, which is shown in percentageform in table 2 for selected years from 1937 to 1947. About

Table 2.—Percent Distribution of Domestic Bituminous CoalConsumption, by Consumer Classes

Year

193719381939194019411944 .. .1947

Col-lieryfuel

0.77

.7

.65

.55

Elec-tric

powerutilities

9.911 311.711 812 513 315 8

Bunk-er,

foreigntrade

0 44

.43433

Rail-roads(class

I)

20.421 920 919 719 722 320 0

Coke

17.213 816.818 818 817.819 2

Otherindus-trial

32.931 630.628 528 424 726 0

Retail-dealerdeliv-eries

18.520 318.920 319 721 118 2

Totalof

classesshown

100. 0100 0100.0100 0100 0100.0100 0

Source: Basic data from U. S. Department of the Interior, Bureau of Mines.

one-fifth of soft-coal consumption is accounted for by retail-dealer deliveries, which go largely to heating residential,commercial, and small industrial buildings; the remainder isaccounted for by manufacturing and various service indus-tries. Close to 20 percent of the total is used in coke produc-tion, coke being one of the principal ingredients in the manu-facture of pig iron, and another fifth is used by railroads.An increasing proportion—16 percent in 1947—has beenused by the electric-power utilities. Thus, the most stableportion of consumption, that consumed for heating purposes,is a relatively small part of the total. The primary reasonfor the 30 percent rise in per capita consumption since 1939is to be found in the high rate of activity in heavy industry,railroad transportation, and electric utilities.

Diminished Use of Coal by Railroads

While not apparent from the table, the railroads are usingrelatively less coal than formerly. In 1929, coal consumedin yard-switching, freight, and passenger service of class I line-haul railroads was 88 percent of the total equivalent tonnageof all fuels consumed in these services. By 1939, this pro-portion had dropped to 80 percent. It was down to 67percent in 1947.

In absolute terms, total coal consumption in these servicesby railroads dropped from approximately 110 million tonsin 1929 to about 100 million in 1947, while the coal equivalentof all fuels consumed by class I line-haul railroads rose from127 million to almost 150 million over the same period.The shift has been considerably larger in passenger than infreight service.

The reasons for the decline in coal consumption by rail-roads fall into two main categories: (a) Those affecting theaggregate demand for railroad-transportation services and(b) those concerned with competition among fuels consumedby the railroads. The inroads made on railroad traffic bycompeting modes of transportation such as passengervehicles, trucks, and air lines) were discussed in a recentarticle of the SURVEY.1 In terms of fuel consumption, thegrowth of competing carriers has meant a shift from;, trans-portation equipment utilizing coal to equipment utilizingpetroleum products.

Within the railroad field, the decline in the importance1 See, Railroads in the Postwar Economy, SURVEY, May 1948, pp. 16-23.


July 1948 SURVEY OF CUKEENT BUSINESS 9

of coal during the twenties and thirties is to be found inthe more efficient utilization of coal and in the increased useof fuel oil. In the more recent period, the reduction insteam and the rise in Diesel locomotives have been thedominant influences.

The trend to Diesels is to be found in improved perform-ance, not the least of which is in fuel performance. Thedecrease in efficiency in the use of coal, coupled with higherprices for all fuels, has brought about substantial increasesin unit fuel costs since the war and a widening of the dollar-and-cents differential between the cost per traffic-mile ofcoal and fuel oil, on the one hand, and Diesel fuel, on theother.

Coal Also Lags in Industrial and Domestic Fields

In industry, bituminous coal competes with heavy fuel oiland natural gas as a source of heat and power. Despite thefact that manufacturing production in 1947 had risen ap-proximately 80 percent above 1939, coal consumption(excluding coking coal) rose less than 25 percent in theseindustries. If a rough allowance is made for the coal con-sumed in the production of the additional electric energypurchased by industrial users, the increase is less than 40percent. By way of contrast, fuel-oil consumption increasedalmost 90 percent in this period and natural-gas consumptionrose about 80 percent.

To some extent, the greater rise in oil and gas is due to thefact that industry in the gas and oil producing areas such asthe Southwest, has risen much more than in other areas ofthe country. In large part, however, the small rise in bitu-minous coal means a loss of markets previously supplied bycoal. Even in electric utilities, the rapid growth of whichhas meant a large increase in coal consumption, other fuelshave increased at a somewhat more rapid rate than coal sincejust before the war.

In the residential and commercial fields a somewhatsimilar shift has occurred. Retail-dealer deliveries of bitu-minous coal between 1939 and 1947 rose by less than 40percent, while anthracite consumption was practically un-changed. Consumption of fuel oil for heating purposes,however, rose about 70 percent, while sales by natural-gasutilities to residential and commercial users increased morethan 100 percent.

Lower Coal Efficiency Since War

Over the interwar period there had been a trend—itself acontinuation of earlier developments—toward more efficientutilization of coal. Through the introduction of modernequipment in the preparation and consumption of coal,output per unit of fuel input—output being measured interms of kilowatt-hours of electric energy, ton-miles offreight, or pig-iron production—continued to increase untilearly in the war, though the rate of increase slowed duringthe thirties. With the war and postwar period, however, thisupward trend either leveled off or was reversed. Thesechanges are illustrated in chart 2.

This recent deviation from the trend is traceable in con-siderable part to changes in the quality of coal consumed.With the exhaustion of the better deposits of coal, producershave had to turn to sources of lower quality, especially in thecase of coking coal. But a more important reason for thedecline in quality is to be found in the rapid advance in themechanization of coal mining since the recent prewar periodand the failure of cleaning facilities to keep pace with this rise.For example, where 10 percent of all bituminous-coal produc-tion was mined by stripping in 1939, 22 percent was so minedlast year. The trend to mechanization has also beenimportant in cutting and loading operations. The substitu-

794877—48 2

tion of machine for hand methods, while having a profoundeffect on costs and labor requirements, results in a muchhigher proportion of impurities per ton of coal sold. Itshould be pointed out, however, that with the growth ofcleaning and preparation facilities, the quality of coal soldwill improve.

Chart 2.—Wholesale Prices of Mineral Fuels

INDEX, 1926 = 100200

150

100

50

BITUMINOUS COAL

GAS, MANUFACTUREDAND NATURAL

'ANTHRACITE

CRUDE PETROLEUMAND PRODUCTS

INDEX, 1926 = 100200

150

100

50

I I I I I i I I! 1 1 1 ilnmli mil mi 11 01929 31 33 35 37 39 41 43 45 1947

if. 5. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.

1948

Source of data: U. S. Department of Labor, Bureau of Labor Statistics.

The economies in the use of coal consumed in the produc-tion of electric energy have been most striking. A pound ofcoal yielded 0.30 kilowatt-hours in 1920 and 0.77 in 1942.These gains have been held but not extended in recent years,in part because of the use of less efficient capacity to takecare of the heavy war and postwar electric-energy require-ments.

Improvements in the utilization of coal in the manufactureof pig iron and ferroalloys were less pronounced than inthe utility and railroad fields over the interwar period, butthe decline since 1941 has been more pronounced than in thecase of the railroads. The lower quality of coal consumedhas meant a lower grade of coke produced, which in turn hasled to a lower yield in pig-iron and ferroalloy production.In 1947, the yield of metal per ton of coal was the lowestsince 1927.

Petroleum

The key to the acceleration of civilian consumption ofpetroleum products in the postwar period lies in the rapidexpansion of petroleum-using equipment—passenger cars,trucks, Diesel locomotives, oil burners, tractors, etc. Thecurtailment of civilian production during the war years hadthe effect of augmenting the long-term growth in theseareas with a large backlog demand. Because some industriesproducing oil-consuming products were able to reconvertmore rapidly than others, there has been an uneven growthin demand for individual petroleum products. On the supplyside, the materials shortages which have characterized thepast three years have held back petroleum production anddistribution. Petroleum imports have been stepped upsharply while exports have been limited, with the resultthat in the first half of 1948 this country became a netimporter of petroleum for the first time since 1922.



Petroleum Less Sensitive to Cyclical Changes

The position of petroleum is strengthened by the factthat the demand for the crude products has been relativelyinsensitive to changes in economic activity. To a largeextent, this is derived from the rising growth trend duringthe twenties and thirties. In addition, the importance ofhousehold (as distinct from business) demand for petroleumin the demand total and the relative stability of the majorhousehold uses, for heating and for motor fuel, over thebusiness cycle have contributed a measure of stability tototal petroleum demand. In 1939, motor fuel accounted for45 percent of total petroleum consumption, and of the totalsome 29 percent was consumed in passenger cars. Fuel-oilconsumption accounted for another 37 percent of the total,over 10 percent of aggregate consumption being for heatingoils.

As shown in table 3, the largest increases in petroleumconsumption since 1939 have occurred in fuel oil, whichhas advanced by more than three-fourths; within the fuel-oil category, the lighter oils or distillates, used largely forheating purposes, have increased 120 percent. The heavieroils or residual oil, used to a greater extent for industrialpurposes, have increased half as much relatively as thelight oils. The motor-fuel categon^ has risen the least ofany of the major groups, a reflection of the fact that interms of the income and long-term growth of the car popu-lation, the number of vehicles in use in 1947 was abnormallylow.

Postwar Gains in Petroleum-Using Equipment

Chart 3 illustrates the recent growth in the use of certaintypes of petroleum-using equipment in order to help explainthe changes in the consumption of some of the more im-portant petroleum products shown in table 3.

Table 3.—Domestic Consumption of Petroleum, by Products, andPercent Change, 1939-47 i

Product

Motor fuelKeroseneFuel oil _. .

Distillate ___ ... . _ ._Residual

Lubricating oil _All other products _

Total

Millions of barrels

1939

55661

459135324

24133

1,231

1947

79510381729851837

239

1,989

Percentchange

+43+69+78

+121+60+54+80

+62

i Totals and percentages are computed from unrounded figures.Source: Basic data from U. S. Department of the Interior, Bureau of Mines.

The competition between coal and oil is strikingly illus-trated in the field of residential heating where conveniencesin the use of oil rather than hand-fired coal in central heatingsystems have been of primary importance. The develop-ment of mechanical coal stokers has facilitated the use ofcoal, but the growth in the equipment thus far has been muchless than that of oil burners. The number of residential oilburners in use at the end of 1947, shown in the upper leftpanel of chart 3, has risen by some two-thirds over thenumber in use before the war. As in the prewar period, thebulk of this increase has occurred in "conversion" burners—burners used to convert central heating systems to oil. Out-put of residential burners was quick to expand with the war'send and in 1947 shipments were four times the 1941 rate.Despite the marked rise in the lighter fuel-oil production,supplies were tight in many areas in 1947 and 1948. Thusfar in 1948 there has been a sharp falling off in sales of oil

burners to consumers. Shipments of residential burners inthe first quarter of 1948 were less than a third of their first-quarter 1947 rate and unfilled orders in the hands of pro-ducers at the end of the quarter were one-tenth their size12 months previous.

The fact previously mentioned as to>the number of motorvehicles in use is reponsible for the relatively small rise inmotor-fuel consumption noted in table 3. Motor-fuel con-sumption, which accounted for 45 percent of the totaldomestic consumption in 1939, made up 40 percent of thetotal in 1947.

Chart 3.—Growth in Petroleum-Using Equipment

MILLIONS6

5

4

3

2

1

o

OIL BURNERS.DOMESTIC

-(END OF YEAR)

,

_

-iiiv 1

;c N V|MILLIONS50

40

30

20

10

0

isr

_

)NJ \

1

-

THOUSANDS

LOCOMOTIVES,DIESEL

-(END

_

_

-

1

OF

I

- ELECTRICYEAR)

J

I1mj

f f

11j j

b6

\~ 5

1-4

I-.4

f 2

I''2

& O

MILLIONS

MOTOR-VEHICLEREGISTRATIONS

-(EXCL. PUBLICLY OWNED) -

-

-

T

1 i T

^

p

BOTHER

M

I;s

7T

1

IV(

rra

1,E

IR

7?.

PT]

JJ2 -

-

TRACTORS ONFARMS

-(END

-

1I

OF

I193940 41 42 43 44 45 46 47 193940 41

U.S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS

YEAR)

I11liUi i

b

- 4

- 3

[;

42 43 44 45 46 47ECONOMICS. 48-235

Sources of data: Oil burners, Heating Publishers Inc., N. Y., Fueloil and Oil Heat; locomo-tives, Interstate Commerce Commission; motor-vehicle registrations, Federal Works Agency*Public Roads Administration; and tractors, U. S. Department of Agriculture, Bureau ofAgricultural Economics.

The changes in the number of both cars and trucks in usefrom prewar to present is illustrated in the lower-left panelof chart 3. The number of passenger cars in use during1947 was only one-sixth greater than in 1939; for trucks theincrease was almost 50 percent. The magnitude of thebacklog demand for passenger cars has already been treatedat length in an earlier issue of the SURVEY.2

The upward trend in farm mechanization and in the useof petroleum products on farms has been spurred by the highfarm income during the war and postwar period. Thenumber of tractors in use on farms increased by 90 percentfrom 1939 to 1947 (see chart 3). Despite the fact thattractor production was maintained at a high rate duringmost of the war to assist in meeting wartime food goals,and has since increased, the demand has continued in excessof the supply.

It is estimated by the Department of Agriculture that in2 See Backlog Demand for Consumers' Durable Goods, SURVEY, April 1948.


July 1948 SURVEY OF CURRENT BUSINESS 11

1940 approximately 70 percent of tractor fuel used for farmtractors was gasoline, but industry estimates place thecurrent figure considerably higher. The remainder of thefuel is accounted for by kerosene and, to a lesser extent, byDiesel oil, distillate, and tractor fuel.

The increase in the number of Diesel electric locomotivesin use over prewar has been the sharpest relatively of anyof the important types of petroleum-consuming equipment.Production of Diesels was maintained during the warbecause of the acute need for railroad motive power. Thus,the number of Diesels in use on class I roads at the end of1947 was 5,772 as compared with 525 in use at the closeof 1939. Whereas before the war, Diesels were used toa large extent in yard-switching service, the war and postwartrend has been to freight and passenger service.

Although the growth of Diesel fuel in recent years hasbeen spectacular, its importance in the total railway fuel-oilpicture should be viewed in perspective. Residual fuel oilused by locomotives in 1947 was more than five times theamount of total Diesel fuel used.

Materials Shortages Limit Supplies

While the heavy demand for petroleum has brought fortha large expansion in the production of both crude andrefined products, supply problems have been acute, partic-ularly as they affect crude where shortages of materials,especially steel, have continued to limit production. Theaverage number of wells drilled during the years 1942-45was only 75 percent of the 1939-41 average; in 1947 welldrillings were estimated at 10 percent above the 1939-41average and fractionally higher than the earlier peak ofabout 33,000 drilled in 1937.

The expansion of refinery capacity has also been restrictedby lack of materials, but here shortages have been local incharacter. As of end of March dates, crude oil refiningcapacity rose from 4.9 million barrels daily in 1946 to 5.8million in 1948, not including capacity of a small number ofrefineries which were completely shut down. A large partof this expansion came not from, new construction but froma reorganization of existing facilities which has increased thecapacity for handling crude. In the first three months ofthis year refineries were running at 94 percent of capacity;this would indicate a very slight slack in refinery capacitywhich can be taken up by increased availability of crudesupplies, although operations are at full capacity in mostareas. In addition, a severe strain has been placed on trans-portation facilities by the record requirements of crude andrefined products, and lack of transportation has been responsi-ble for shortages in particular areas,

Natural Gas

The growth in natural-gas consumption since the prewarperiod has been made possible by the large expansion inplant and in interstate transmission facilities, particularlypipe lines. Since the end of the war the Federal PowerCommission has authorized gas companies to spend overthree-quarters of a billion dollars for these purposes.

Somewhat over one-fifth of total natural-gas consumptionis used in the domestic and commercial fields for heatingand cooking purposes, and it is here that growth has beenmost rapid. Preliminary estimates for 1947 put domesticconsumption at almost double the 1939 figure, while com-mercial consumption has risen by close to 150 percent overthe same period.

Almost 10 million residential customers were being servedby natural-gas utilities at the end of last year, or more than1 million above the number in December 1946 and 2.7million more than at the end of 1939. Users of manufacturedgas declined by more than a half million from December

1946 to December 1947. However, the number in thelatter period was about 1 million higher than in December1939. At the present time the number of manufactured- andnatural-gas residential customers is approximately equal,whereas at the end of 1939 approximately 2 million morecustomers were served manufactured gas. With the expan-sion of transmission facilities following the end of the warand increasing coal costs, gas utilities have tended to shiftfrom the manufactured to the natural product.

The increase in the use of gas for heating purposes hasbeen especially pronounced. The Gas Appliance Manufac-turers' Association estimates that domestic gas appliances inuse (for central heating systems) numbered 2.3 million at theend of 1947, or almost double the figure at the end of 1940.

Chart 4.—Indexes of Fuel Efficiency

INDEX, 1939 = 100125

100

75

50

25

• POUNDS OF PiG IRON ANDFERRO-ALLOYS PER POUNDOF COAL.

•FREIGHT TON-MILES ANDPASSENGER TRAIN CAR-MILESPER POUND OF COAL. 1> 2J

• KILOWATT-HOURS PRODUCEDIN ELECTRIC UTILITIES PERPOUND OF COAL. U

0 I I I I I M I I I I I I M I I I I I I I I I I I I I I I 1

1920 1925 1930 1935 1940 1945 1950U. S. DEPARTMENT OF COMMERCE, OFFICE OF BUSINESS ECONOMICS.

1 Pounds of coal in the railroad and electric utilities indexes represent all fuels consumed,converted to their coal equivalent.

2 The weights used to combine freight ton-miles per equivalent pound of coal consumed infreight service and passenger train car-miles per equivalent pound of coal consumed in pas-senger service were tons of coal consumed in each class of service for Class I railroads in 1929.

Sources: Basic data, U. S. Department of the Interior, Bureau of Mines; indexes, U. S.Department of Commerce, Office of Business Economics.

Natural Gas in Favorable Price Position

The favorable price position of natural gas relative toprices of coal and oil in the postwar years has abetted thegrowth in consumption, especially in the industrial field.It may be pointed out that the competition between gas andfuel oil is more widespread than between gas and coal, sinceboth are produced in approximately the same areas. How-ever, with the further extension of pipe lines to the industrialNortheast, competition with coal is being intensified.

As an example of the impact of rising fuel prices, cost datafor electric utilities may be cited. For a group of electricutilities using coal, fuel costs per thousand kilowatt-hoursrose 71 percent from 1939 to 1947. For a group of utilitiesusing natural gas, unit fuel costs decreased 9 percent.3

New Pattern of Fuel Prices

Not only have fuel prices risen together with the generallevel of prices during the postwar period, but the pattern offuel prices has undergone a marked transformation, espe-cially in the past year and a half.

As shown in chart 4, the recent changes are striking in3 Data are based on reports filed by a representative sample of electric utilities with the

Federal Power Commission.

(Continued on p. 30)


oData on ike I /aftonaf Oc<onom

National Income and Product Statisticsof the United States,1944 - 47

Detailed statistics of the nationalincome, national product, and relatedseries for the year 1947 which havebeen completed by the Office of Busi-ness Economics are presented in thisissue. These 1947 estimates are anextension of the series covering theperiod 1929 to 1946 which were pub-lished in the special NATIONAL IN-COME SUPPLEMENT to the July 1947SURVEY OF CURRENT BUSINESS.

i,LN ADDITION to the statistics for 1947, this reportincorporates revisions of many of the series for the years1944 to 1946. It was pointed out in the NATIONAL INCOMESUPPLEMENT that such revisions would occur as morecomplete and accurate source materials become available.During the past year, for example, we have received suchlater basic data as final Statistics of Income tabulations ofcorporate income-tax returns for 1944 and 1945, final tabu-lations for 1946 of wages and employment covered by stateunemployment insurance laws, financial statistics of stateand local governments for 1946, and agricultural data morefully adjusted to the 1945 Census oj Agriculture, as well asrevised information on construction activity inventories, andretail sales.

The tables in the present report replace all previouslypublished annual, quarterly, and monthly series for the years1944 to 1947. Quarterly and monthly estimates thus faravailable for 1948 are shown on pages S-l and S-7 of thisissue of the SURVEY, and the statistics for the second quarterof this year will be presented and analyzed as usual in the

This article has been prepared by the National Income Division,Office of Business Economics.

12

forthcoming August issue. The first-quarter estimates ofcorporation profits are shown herein on page S-l.

The present report is intended to be used in conjunctionwith last year's NATIONAL INCOME SUPPLEMENT. Descrip-tions and definitions of the various series have not beenrepeated. For economy of space the many footnotes ac-companying last year's tables have also been omitted, but itshould be understood that these footnotes apply equally tothe current estimates. Use of the present tables withoutreference to the NATIONAL INCOME SUPPLEMENT may, there-fore, lead to misunderstanding or misuse of the data. Fornew subscribers or others who have not yet secured this basicreference source, copies may be obtained as indicated on thefollowing page.

The income and expenditure accounts for the various sec-tors of the economy, shown in the NATIONAL INCOME SUP-PLEMENT for the year 1939, are here presented for 1947 intables I to VI. All the data necessary to construct theseaccounts for the years 1944 to 1946 are presented in the tableswhich follow.

The numbering and stubs of the various tables correspondto those used in the SUPPLEMENT. This should ease the in-convenience of referring to two sources to obtain continuousseries covering the period since 1929. For added conveni-ence, the summary tables for national income, gross nationalproduct, and personal income (tables 1 to 3) are reproducedfor the entire period.

A limitation of the 1947 estimates of pay rolls and em-ployment in manufacturing should be noted. Adoption ofthe new Standard Industrial Classification for manufactur-ing industries by the Social Security Administration, effec-tive with its 1947 tabulations, has destroyed comparabilitywith past statistics for a number of the industry groups.The estimates presented here have been adjusted to conformwith the National Income Division classification, and there-fore with the data for earlier years, by the use of collateralinformation; but for several of the manufacturing industriesthe 1947 estimates are subject to an unusual margin of possi-ble error.

A discussion of economic developments in 1947 cast in theframework of the national income and product accounts waspublished in the February 1948 Annual Review Number ofthe SURVEY, and similar discussions of developments eachquarter-year are regularly presented throughout each year.


July 1948 SURVEY OF CURRENT BUSINESS

LIST OF TABLES

13

National Income and Product Accounts

PAGEI. National Income and Product Account, 1947 14

II. Consolidated Business Income and Product Account, 1947 __ 14III. Consolidated Government Receipts and Expenditures

Account, 1947 14

PAGEIV. Rest-of-the-World Account, 1947 15V. Personal Income and Expenditures Account, 1947 15

VI. Gross Saving and Investment Account, 1947 15

7.8.9.

10.11.

12.13.14.15.16.17.

18.

19.

20.21.22.23.24.

25.

26.

Statistical Tables

National Income by Distributive Shares, 1929-47 16Gross National Product or Expenditure, 1929-47 16Personal Income and Disposition of Income, 1929-47 16Relation of Gross National Product, National Income, and

Personal Income, 1944-47 17Sources and Uses of Gross Saving, 1944-47 17Liquid Saving Estimates of the Securities and Exchange Com-

mission and their Reconciliation with Personal Saving Esti-mates of the Department of Commerce, 1944-47 17

Consolidated Business Income and Product, 1944-47 17Government Receipts, 1944-47 17Government Expenditures, 1944-47 18Social Insurance Funds, 1944-47 18Transactions of the Rest of the World with the United States,

1944-47 18National Income by Legal Form of Organization, 1944-47 18National Income by Industrial Origin, 1944-47 19Wages and Salaries, by Industry, 1944-47 19Supplements to Wages and Salaries, by Industry, 1944-47 19Income of Unincorporated Enterprises, by Industry, 1944-47. _ 19Corporate Income before Federal and State Income and Excess

Profits Taxes, by Industry, 1944-47 20Federal and State Corporate Income and Excess Profits Tax

Liability, by Industry, 1944-47 20Corporate Income after Federal and State Income and Excess

Profits Taxes, by Industry, 1944-47 20Net Corporate Dividend Payments, by Industry, 1944-47 20Undistributed Corporate Income, by Industry, 1944-47 21Inventory Valuation Adjustment, by Industry, 1944-47 21Net Interest, by Industry, 1944-47 21Number of Full-time Equivalent Employees, by Industry,

1944-47 22Average Number of Full-time and Part-time Employees, by

Industry, 1944-47 22Average Annual Earnings per Full-time Employee, by Indus-

try, 1944-47 22

27. Number of Active Proprietors of Unincorporated Enterprises,by Industry, 1944-47 23

28. Number of Persons Engaged in Production, by Industry,1944-47 23

29. Corporate Sales, by Industry, 1944-47 2330. Personal Consumption Expenditures, 1944-47 2431. New Construction Activity, 1944-47 2532. Producers' Durable Equipment, 1944-45 2533. Net Change in Business Inventories, 1944-47 2534. Supplements to Wages and Salaries, 1944-47 2535. Employee Contributions for Social Insurance, by Type,

1944-47 2636. Transfer Payments, 1944-47 2637. Monetary and Imputed Interest, 1944-47 2638. Reconciliation of Department of Commerce Estimates of

Corporate Profits with Bureau of Internal Revenue Tabu-lations, 1944-45 26

39. Major Items of Personal Income and Personal ConsumptionExpenditures in Kind, 1944-47 26

40. National Income by Distributive Shares, Quarterly, 1944-47__ 2741. National Income by Distributive Shares, Seasonally Adjusted

Quarterly Totals at Annual Rates, 1944-47 2742. Gross National Product or Expenditure, Quarterly, 1944-47__ 2743. Gross National Product or Expenditure, Seasonally Adjusted

Quarterly Totals at Annual Rates, 1944-47 2844. Disposition of Personal Income, Quarterly, 1944-47 2845. Disposition of Personal Income, Seasonally Adjusted Quar-

terly Totals at Annual Rates, 1944-47 2846. Relation of Gross National Product, National Income, and

Personal Income, Quarterly, 1944-47 2847. Relation of Gross National Product, National Income, and

Personal Income, Seasonally Adjusted Quarterly Totals atAnnual Rates, 1944-47 29

48. Personal Income, Seasonally Adjusted Monthly Totals at An-nual Rates, 1944-47 29

National Income and Gross National Product Series, 1929—47

THE JULY 1948 issue of the SURVEY OF CURRENTBUSINESS provides the latest National Income andProduct data covering the years 1944-47. This pres-entation gives to subscribers the currently officialfigures on fundamental measures of the nationaleconomy.

For completely revised series back to 1929, withdetail for all component segments, reference should bemade to the previously published NATIONAL INCOMESUPPLEMENT to the SURVEY OF CURRENT BUSINESS.

The SUPPLEMENT contains, in addition to extensivestatistical tables incorporating the revisions, an ex-planation of important changes in fundamental conceptsand procedures underlying the data. That publicationfurnishes to business managers and analysts, economists,

and students the basic data to which all subsequentlypublished national income and gross national productfigures are related.

The National IncomeSupplement TO THE

P R I C E 25cSurvey of Current Business

Available from the Superintendent of Documents, GovernmentPrinting Office, Washington 25, D. C., or from your nearest De-partment of Commerce Field Office.


14 SUEVEY OF CURRENT BUSINESS July 1948

Table I.—National Income and Product Account, 1947


Compensation of employees:Wages and salariesSupplements

Income of unincorporated enterprises and inventory valua-tion adjustment

Rental income of personsCorporate profits and inventory valuation adjustment:

Corporate profits before tax:Corporate profits tax liabilityCorporate profits after tax:

DividendsUndistributed profits

Inventory valuation adjustmentNet interestNational incomeIndirect business tax and nontax liabilityBusiness transfer paymentsStatistical discrepancyLess: Subsidies minus current surplus of Government

enterprisesCharges against net national productCapital consumption allowances

CHARGES AGAINST GROSS NATIONAL PRODUCT.

122, 1595,342

38, 8667, 131

11, 709

6,88011, 195-5,0754, 293

202, 50018, 488

612-3, 389

-126218, 33713, 299

231, 636

Personal consumption expendituresGross private domestic investmentNet foreign investmentGovernment purchases of goods and services.

164, 75530, 0318,898

27, 952

GROSS NATIONAL PRODUCT. 231, 636

Table II.—Consolidated Business Income and Product Account, 1947


Compensation of employees:Wages and salaries:

DisbursementsExcess of accruals over disbursements

Supplements:Employer contributions for social insuranceOther labor income

Income of unincorporated enterprises and inventoryvaluation adjustment

Rental income of personsCorporate profits before tax and inventory valuation

adjustment:Corporate profits before tax:

Corporate profits tax liabilityCorporate profits after tax:

DividendsUndistributed profits

Inventory valuation adjustmentNet interestIncome originatingIndirect business tax and nontax liabilityBusiness transfer paymentsStatistical discrepancyLess: Subsidies minus current surplus of Government

enterprisesCharges against net productCapital consumption allowances

CHARGES AGAINST BUSINESS GROSS PRODUCT. _

102, 0140

2,4831,629

38, 8667, 131

11, 709

6,64310, 793

-5, 0753, 154

179, 34718, 488

612-3,389

-126195, 184

13, 090

208, 274

Consolidated net sales:To consumersTo governmentTo business on capital account-To abroad

Change in inventories

158, 00811, 33929, 4138,896618

BUSINESS GROSS PRODUCT. 208, 274

Table III.—Consolidated Government Receipts and Expenditures Account, 1947


Purchases of goods and services:Purchases of direct services:

Compensation of employees:Wages and salariesSupplements:

Employer contributions for social in-surance

Other labor incomeIncome originating and net and gross product _ .

Net purchases from businessNet purchases from abroad

Transfer paymentsNet interest paidSubsidies minus current surplus of government enterprises.,

GOVERNMENT EXPENDITURES

15, 571

1,020172

16, 76311, 339-150

11, 0644,439-126

43, 329

Personal tax and nontax receiptsCorporate profits tax accrualsIndirect business tax and nontax accrualsContributions for social insurance:

Employee contributionsEmployer contributions:

BusinessGovernmentHouseholds and institutions

Deficit (+) or surplus (—) on income and product trans-actions

GOVERNMENT RECEIPTS AND DEFICIT.

21, 62111, 70918, 488

2,068

2, 4831,020

17

-14, 077

43, 329


July 1948 SUEVEY OF CUREENT BUSINESS 15

Table IV.—Rest of the World Account, 1947[Millions of dollars]

Net payments of factor income to the United States:Wages and salariesInterestDividendsBranch profitsIncome originating and net and gross product

Net purchases from the United States:From businessFrom governmentFrom persons

NET CURRENT PAYMENTS TO THE UNITEDSTATES

6208237402853

8,896150

-1,001

8,898

Net disinvestment in the United States.

NET DISINVESTMENT IN THE UNITED STATES.

8,898

8,898

Table V.—Personal Income and Expenditure Account, 1947[Millions of dollars]

Personal consumption expenditures:Purchases of direct services:

Compensation of employees:Wages and salaries paidSupplements paid:

Employer contributions for social in-surance

Other labor incomeInterest paidIncome originating in and net product of households

and institutionsInstitutional depreciationGross product of households and institutions

Net purchases from businessNet purchases from abroad

Personal tax and nontax paymentsPersonal saving ;

PERSONAL OUTLAY AND SAVING.

4,568

1721931

5,537209

5, 746158, 0081,001

21, 6218,822

195, 198

Wage and salary receipts:Disbursements by:

BusinessGovernmentHouseholds and institutionsRest of the world

Less: Employee contributions for social insurance.-.Other labor income:

BusinessGovernmentHouseholds and institutions

Income of unincorporated enterprises and inventoryvaluation adjustment

Rental income of personsDividendsPersonal interest incomeGovernment transfer paymentsBusiness transfer payments

PERSONAL INCOME.

102, 01415, 5714, 568

62,068

1,62917221

38, 8667, 1316,8808,73211, 064

612

195, 198

Table VI.—Gross Savings and Investment Account, 1947


Business purchases on capital accountChange in business inventoriesNet disinvestment in the United States by rest of worldGovernment deficit (+) or surplus (—) on income and

product transactions

GROSS INVESTMENTDEFICIT

AND GOVERNMENT

29, 413618

-14,077

24, 852

Excess of wage accruals over disbursementsUndistributed corporate profits (domestic)Corporate inventory valuation adjustmentStatistical discrepancyCapital consumption allowances by private business-Foreign branch profits (net)Institutional depreciationPersonal saving

GROSS PRIVATE SAVING.

010, 793-5,075-3,38913, 090

402209

8,822

24, 852



Table 1.—National Income by Distributive Shares, 1929-47[Millions of dollars]

National income

Compensation of employeesWages and salaries _

PrivateMilitaryGovernment civilian

Supplements to wages and salariesEmployer contributions for social

insuranceOther labor income

Income of unincorporated enterprises andinventory valuation adjustment ._

Business and professionalIncome of unincorporated enterprises. __Inventory valuation adjustment

Farm. .__Rental income of personsCorporate profits and inventory valuation

adjustment .Corporate profits before tax..

Corporate profits tax liabilityCorporate profits after tax

Dividends _.Undistributed profits

Inventory valuation adjustmentNet interest

1929

87, 355

50, 78650, 16545, 206

3124,647

621

101520

13, 9278, 2628,120

1425,6655,811

10, 2909, 8181,3988,4205,8232,597

4726,541

1930

75, 003

46, 51545, 89440, 720

3154,859

621

106515

10, 9637, 0326,277

7553, 9314,786

6,5633,303

8482, 4555, 500

-3, 0453,2606,176

1931

58, 873

39, 47038, 88633, 607

3084,971

584

111473

8,2145,3164,705

6112,8983,620

1,631-783

500-1, 283

4.098-5, 381

2,4145,938

1932

41,690

30, 82630, 28425, 297

2954,692

542

126416

4,9213,2062,911

2951,7152,508

-1, 995-3, 042

382-3, 424

2, 574-5, 998

1,0475,430

1933

39, 584

29, 33028, 82523,660

2704,895

505

133372

5,2072, 9253,450-5252,2822,018

-1, 981162524

-3622,066

-2, 428-2, 143

5,010

1934

48, 613

34, 06733, 52027, 420

2715,829

547

147400

6,6034,2764,330

2,3272,095

1,0981,723

746977

2,596-1,619

—6254,750

1935

56, 789

37, 10736,50829, 984

3066,218

599

171428

9, 8584, 9875,037-50

4,8712,288

2,9973,224

9652,2592,872-613-2274,539

1936

64, 719

42, 67541, 75433, 866

3387, 550

921

418503

9,9426,0746,194-1203,8682,682

4,9465,6841,4114, 2734, 557-284-7384,474

1937

73, 627

47,69645, 94838, 432

3587,1581,748

1,234514

12,2496, 6306,659-29

5, 6193,140

6.1666, 1971,5124,6854,693

-8-31

4,376

1938

67, 375

44, 74742, 81234, 564

3707,8781,935

1,423512

10, 7686,3476,126

2214,4213,278

4,2923,3291,0402,2893,195—906

9634,290

1939

72, 532

47, 82045, 74537, 519

3987,8282,075

1,540535

11,2826,7766,942-1664,5063, 465

5,7536, 4671,4625, 0053,7961,209-7144,212

1940

81, 347

51,78649, 58741, 130

5917,8662,199

1,624575

12,6607,7207,772-52

4,9403,620

9,1779,3252,8786,4474,0492,398-1484,104

1941

103, 834

64, 28061, 70851, 5371,8628,3092,572

1,983589

16, 5049,566

10, 210-6446, 9384,322

14, 61517,2327,8469,3864,4654,921

-2, 6174,113

1942

136, 486

84, 68981, 68165, 6286,2859,7683,008

2,302706

22, 72412,11212,464-352

10,6125,371

19, 82421, 09811, 6659,4334,2975,136

-1, 2743,878

1943

168, 262

109, 102105, 53778, 67114, 47812, 3883,565

2,677888

25, 95114, 12814, 266-138

11,8236,150

23, 69224, 51614, 15310, 3634,4775,886-£243,367

1944

182, 407

121, 119116, 88283, 33320,70612, 8434,237

2,9351,302

27, 37015, 43515, 486

-5111, 9356,735

24, 03924, 33313, 52510, 8084,6806,128-2943,144

1945

181, 731

122, 908117, 55682, 04622, 47613, 0345,352

3,8031,549

29, 05116,79116, 853

-6212, 2606,991

19, 77620, 38911, 6418,7484,7204,028-6133,005

1946

179, 289

117, 294111, 71091,0167,761

12, 9335,584

3,9511,633

35, 06420, 43621,815

-1,37914, 6286,702

16, 81221, 8409,000

12, 8405, 6057,235

-5,0283,417

1947

202, 500

127, 501122, 159104, 727

3,87613, 5565,342

3,5201,822

38, 86623,21624, 334-1, 16815, 6507,131

24, 70929,78411, 70918, 0756, 880

11, 195-5, 075

4, 293

Table 2.—Gross National Product or Expenditure, 1929-47[Millions of dollars]

Gross national product

Personal consumption expendituresDurable goods _Nondurable goodsServices. ._

Gross private domestic investment.New construction _Producers' durable equipmentChange in business inventories

Net foreign investmentGovernment purchases of goods and ser vices. _ _

FederalWar . .NonwarLess.' Government sales

State and local

1929

103, 828

78, 7619,362

37, 74231, 65715, 8247, 8246,4381,562

7718,4721,311

} 1,34433

7,161

1930

90, 857

70, 7897,275

34, 05229, 46210, 2095,5664,926-283

6909,1691,4101,432

227,759

1931

75, 930

61, 1535,569

28, 95526, 6295,3623,5613,162

-1,361197

9,2181,5371,549

127,681

1932

58, 340

49, 2083,694

22, 74322, 771

8861,6681,781

-2, 563169

8,0771,4801,484

46,597

1933

55, 760

46, 3463,503

22, 25420, 5891,3061,1421,783

-1,619150

7,9582,0182,022

45,940

1934

64, 868

51, 8824,255

26, 73220, 8952,8071,4202,531

-1, 144429

9,7502,9912,997

66,759

1935

72, 193

56, 2155,158

29, 37721, 6806,1461,8903,351

905-54

9,8862,9312,935

46,955

1936

82,483

62, 5156,374

32, 88723, 2548,3182,7834,5311, 004-93

11, 7434,8154,818

36,928

1937

90, 213

67, 1217,005

35, 23224, 88411, 4403,6875,4442,309

6211, 5904,5524,557

57,038

1938

84, 683

64, 5135,754

34, 03224, 7276,3113,3093,975

9731,109

12, 7505,2805,286

67,470

1939

90, 426

67, 4666,729

35, 25825, 4799,0043,9864,577

441888

13, 0685,157

f 1, 258\3, 908

97,911

1940

100, 477

72, 0527,854

37, 59426, 60412, 9834,6006,1082,2751,509

13, 9336,1702,2233,956

97,763

1941

125, 294

82, 2559,750

43, 96028, 54517, 2115,6617,6763,8741,124

24, 70416, 92313, 7943,173

447,781

1942

159, 628

90, 8356,845

52, 96231, 0289,3303,2124,7021,416-207

59, 67052, 02749, 5672,664

2047,643

1943

192, 573

101, 6266,515

61, 20533, 9064,5912,0103,761

-1, 180-2, 24588, 60181, 22380, 3841,480

6417,378

1944

212, 231

111, 4016,890

67, 47337, 0386,3952,3475,402

-1,354-2, 09996, 53489, 00688, 6151,5521,1617,528

1945

213, 429

122, 8308,254

75, 36739, 2099,2443,3147,272

-1,342-1, 43882, 79374, 79675, 9231,0312,1587,997

1946 1947

209, 266 231, 636

147,36316, 24287, 47843, 64326, 4588,903

12, 7844,7714,672

30, 77320, 79221, 1842,4692,8619,981

164, 75520, 96396, 48747, 30530, 03111, 66217, 731

6188, 898

27, 9i>215, 6: 6

}l6, 9261,310

12, 336

Table 3.—-Personal Income and Disposition of Income, 1929—47[Millions of dollars]

Personal income

Wage and salary receiptsTotal employer disbursementsLess: Employee contributions for social insur-

anceOther labor income _ _ __Proprietors' and rental incomeDividends

Transfer paymentsLess1 Personal tax and nontax payments

FederalState and local

Equals: Disposable personal incomeLess: Personal consumption expendituresEquals: Personal saving

1929

85, 127

50,02350, 165

142520

19, 7385,8237 5241,4992,6431,2631,380

82, 48478, 7613,723

1930

76, 195

45, 74745, 894

147515

15,7495,5007,1401,5442,5071,1341,373

73, 68870, 789

2, 899

1931

64, 835

38, 73538, 886

151473

11, 8344,0987,0222,6731,858

6071,251

62, 97761, J531,824

1932

49, 274

30, 13230, 284

152416

7,4292, 5746,5712,1521, 455

3311,124

47, 81949,208

-1,389

1933

46, 629

28, 67328, 825

152372

7,2252,0666,1802,1131,464

474990

45, 16546, 346

— 1, 181

1934

53, 230

33, 36333, 520

157400

8,6982,5965,9802,1931,595

5951,000

51, 63551, 882-247

1935

59, 861

36, 34636,508

162428

12, 1462,8725,6802,3891,888

8271,061

57, 97356, 2151,758

1936

68, 353

41, 57441, 754

180503

12, 6244,5575, 5753,5202,2581,1301, 128

66, 09562,5153,580

1937

73, 976

45, 38245, 948

566514

15, 3894,6935,5802,4182,9211,7231,198

71, 05567, 1213, 934

1938

68, 327

42, 25842, 812

554512

14, 0463,1955, 4822, 8342,8621, 6351,227

65, 46564, 513

952

1939

72, 607

45, 14945, 745

596535

14, 7473,7965,4172, 9632,4401,2351,205

70, 16767, 4662,701

1940

78, 347

48, 92949, 587

658575

16, 2804,0495,3953,1192,6041,3641,240

75, 74372, 0523,691

1941

95, 308

60, 90761, 708

fOl589

20, 8264,4655,4023,1193, 2932,0161,277

92, 01582, 2559,760

1942

122, 159

80, 51581, 681

1,166706

28, 0954,2975,3953,1515,9624,6681,294

116, 19790, 83525, 362

1943

149, 432

103, 489105, 328

1,839888

32, 1014,4775,5072,970

17, 81516, 5171,298

131,617101, 62629, 991

1944

164, 500

114, 839117,075

2,2361, 302

34, 1054,6805,9473,627

18, 92617, 5361,390

145, 574111, 40134, 173

1945

170, 339

115, 208117,542

2,3341.549

36, 0424,7206,6706,150

20, 90919, 3791,530

149, 430122, 83026, 600

1946

178, 054

109, 754111, 740

1,9863,633

41, 7665,6057,883

11,41318, 87817, 1621,716

159, 176147, 36311, 813

1947

195, 198

120, 091122, 159

2, 0681, 822

45, 9S76, 8SO8,732

11,67621, 62119,6611, 960

173, 577164, 755

8,822


July 1948 SUEVEY OF CUKEENT BUSINESS 17Table 4.—Relation of Gross National Product, National Income,

and Personal Income, 1944-47[Millions of dollars]

Table 7.—Consolidated Business Income and Product, 1944-47


Gross national productLess: Capital consumption allowances _ _ _ _ _ _

Depreciation chargesAccidental damage to fixed capitalCapital outlays charged to current expense

Equals: Net national productPlus: Subsidies minus current surplus of government

enterprisesLess: Indirect business tax and nontax liability ..

Business transfer paymentsStatistical discrepancy ... .__ _ _

Equals: National incomeLess: Undistributed corporate profits _..

Corporate profits tax liabilityCorporate inventory valuation adjustment- - _Contributions for social insuranceExcess of wage accruals over disbursements

Plus: Net interest paid by governmentGovernment transfer paymentsBusiness transfer payments

Equals: Personal income

1944

212 23111, 87610 573

360943

200, 355

70514, 021

5454,087

182, 4076,128

13 525-2945,171-1932,8033,082

545164 500

1945

213 42912, 39510 870

3811,144

201, 034

83515, 625

5323,981

181, 7314,028

11,641-6136,137

143,6655,618

532170 339

1946

209 26611, 8269 506

4161,904

197, 440

93517, 529

578979

179, 2897,2359,000

-5,0285,937-30

4,46610, 835

578178, 054

1947

231 63613, 29910, 480

5572,262

218, 337

-12618, 488

612-3, 389202, 50011, 19511, 709-5, 075

5,5880

4,43911, 064

612195, 198

Table 5.—Sources and Uses of Gross Savings, 1944-47[Millions of dollars]

Gross private savingPersonal savingUndistributed corporate profitsCorporate inventory valuation adjustmentBusiness depreciation chargesInstitutional depreciation _ - _ _ _ _Accidental damage to fixed business capitalCapital outlay charged to current expenseExcess of wage accruals over disbursementsStatistical discrepancy _ __

Gross InvestmentGross private domestic investmentNet foreign investment

Government deficit (+) or surplus (— ) on income andproduct transactions

Federal- . __ __ . .State and local

1944

55, 77734, 1736,128-294

10, 373200360943

-1934,0874,2966,395

-2, 099

51,48153, 994

-2, 513

1945

46, 40526 6004,028-613

10, 667203381

1,14414

3,9817,8069,244

-1,438

38, 59941,358

-2, 759

1946

26, 79511,8137,235

-5, 0289,300

206416

1,904-30979

31, 13026, 4584,672

-4, 335-2, 188-2, 147

1947

24, 8528 822

11, 195-5, 07510, 271

209557

2,2620

-3, 38938, 92930, 0318,898

-14,077-12,999-1,078

Table 6.—Liquid Saving Estimates of the Securities and ExchangeCommission and Their Reconciliation With Personal SavingEstimates of the Department of Commerce, 1944-47

[Billions of dollars]

Liquid saving (S. E. C. estimates) *Currency and bank deposits _Savings and loan associationsInsurance and pension reserves

PrivateGovernment *• .. -

SecuritiesU. S. Government ...State and local governmentsCorporate and other __ _.

Liquidation of mortgage debt on nonfarm dwell-ings .

Liquidation of debt, not elsewhere classifiedAdjustments of liquid saving to Department of Com-

merce personal saving conceptOn account of persons other than unincorporated

enterprices :Net purchases of nonfarm residencesNew construction by nonprofit institutions. ._Less* DepreciationLess: Increase in Government insurance and

pension reservesOn account of unincorporated enterprises other

than farms:Increase in inventories .New construction and producers' durable

equipmentLess* DepreciationLess: Increase in net payables to banksLess: Increase in net payables to other cor-

porations and financial intermediariesOn account of farms:

Increase in inventoriesNew construction and producers' durable

equipmentLess* Depreciation . -Less: Increase in farm holdings by corpora-

tions and financial intermediariesLess: Increase in mortgage debt to corpora-

tions and financial intermediariesLess: Increase in other debt to corporations

and financial intermediariesEquals: Liquid saving plus adjustments to personal

saving concept -Personal savingDifference due to errors and omissions _

1944

41.3117.49

828.153 214.94

14 9115.79—.11—.77

.13-.20

-6.61

.75

.061.91

4.94

.27

.781.20.04

.18

—.55

1.621.75

—.11

-.38

.01

34.7034.17

.53

1945

36.9218.991.068.553.465.099 64

10.51— 21-.66

-.24-1.09

-7.02

.73

.111.93

5.09

.09

1.561.07.44

.90

—.36

1.541.94

—.08

—.23

-.37

29.9026.603.30

1946

13.7411.901.186.873.433.44.26.25

—.37.38

—3.31—3.16

-.70

3.08.39

2.01

3.44

1.05

3.621.111.27

1.01

-.26

2.522.12

-.06

-.01

.21

13.0411.811.23

1947

8.093.001.166.703.343.353 922.61.28

1.03

-3.80-2.88

—1.02

4.81.48

2.12

3.35

.57

4.151.191.13

1.24

—2.12

3.502.54

-.02

.03

.83

7.078.82

-1.75

Business gross productConsolidated net sales

To consumers- _ _ __To governmentTo business on capital account ..To abroad

Change in inventories _Charges against business gross product

Income originating in business _ . -Compensation of employees

Wages and salariesDisbursementsExcess of wage accruals over disburse-

mentsSupplements to wages and salaries _ _

Employer contributions for social insur-ance

Other labor incomeIncome of unincorporated enterprises and inven-

tory valuation adjustment _ _Business and professional

Income of unincorporated enterprisesInventory valuation adjustment

FarmRental income of personsCorporate profits and inventory valuation adjust-

mentCorporate profits before tax

Corporate profits tax liabilityCorporate profits after tax _ _.

DividendsUndistributed profits - _ _

Inventory valuation adjustmentNet interest

Adjustments to business net product . _Indirect business tax and nontax liabilityBusiness transfer payments. _ -Statistical discrepancy _ _Less: Subsidies minus current surplus of govern-

ment enterprises _ _ -Capital consumption allowances

1944

174, 727176, 081106, 00662, 7487,749-422

-1, 354174, 727145, 10384, 76881, 26281, 455

-1933,506

2,3131,193

27, 37015, 43515, 486

-5111, 9356,735

23, 74624, 04013, 52510, 5154, 5775,938-2942,484

17, 94814, 021

5454,087

70511, 676

1945

172, 652173, 994116, 85446, 00110, 586

553-1, 342172, 652141, 15783, 25479, 74179, 727

143,513

2,1271,386

29,05116, 79116, 853

-6212, 2606,991

19, 54820,16111, 6418,5204,6453,875-6132,313

19, 30315, 625

5323,981

83512, 192

1946

182, 836178, 065141, 39910, 91721, 6874,0624,771

182, 836153, 06592, 36588, 74588,775

—303,620

2,1151,505

35, 06420,43621, 815

-1, 37914, 6286,702

16, 37521, 4039,000

12, 4035,4676,936

-5, 0282,559

18, 15117, 529

578979

93511, 620

1947

208, 274207, 656158, 00811, 33929, 4138,896

618208, 274179, 347106, 126102, 014102, 014

04,112

2,4831,629

38, 86623, 21624, 384-1, 16815, 6507,131

24, 07029, 14511, 70917, 4366, 643

10, 793-5, 075

3,15415, 83718, 488

612-3, 389

-12613, 090

Table 8.—Government Receipts, 1944-47


Total receipts .

FederalPersonal tax and nontax receipts before refunds __

Income taxes... ... .. _Estate and gift taxesOther taxesNontaxes

Less* Tax refundsEquals: Personal tax and nontax receipts .Corporate profits tax accrualsIndirect business tax and nontax accruals before

refundsExcise taxes

Liquor _TobaccoOther . ._

Customs dutiesCapital stock taxNontaxes

Less* Tax refundsEquals: Indirect business tax and nontax accruals-Contributions for social insurance

State and localPersonal tax and nontax receipts

Income taxes _Death and gift taxesMotor vehicle licensesProperty taxes. _ _ _Other taxes _ _ _Nontaxes

Corporate profits tax accrualsIndirect business tax and nontax accruals

Sales taxes . . . .GeneralGasoline. _ _ _ _ _ _ . _.LiquorTobacco _ _

Motor-vehicle licensesProperty taxes _ _Other taxesNontaxes

Contributions for social insuranceFederal grants-in-aid

1944

51, 643

41, 58817, 88017, 133

56574

108344

17, 53613, 066

6,2265,2572,083

9252,249

37837221955

6,1714,815

11, 0021,390

33912418414487

512459

7,8501,864

745673289157229

4,453979325356947

1945

54, 312

43, 45920, 71019, 848

66381

1181,331

19, 37911, 194

7,1806,2142,3701,0342,810

39735321652

7,1285,758

11,7231,530

374142190152110562447

8,4972,106

816777344169242

4,7501,040

359379870

1946

51, 344

39, 08118, 81517,987

7341

931,653

17, 1628,534

7,9757,2672,6911,2193,357

503

20579

7,8965,489

13, 3711,716

378154206160133685466

9,6332,7251,0531,043

410219288

4,9891,196

435448

1,108

1947

57, 406

43, 86521, 33520, 446

829

601,674

19, 66111, 224

7,9507,2972,3301,2673,700

436

21772

7,8785,102

15, 2651,960

442177233166156786485

10, 6103,2551,3221, 271

399263325

5,1931, 317

520486

1,724

1 Excludes Armed Forces Leave bonds which amounted to $600 million and $160 millionin 1946 and 1947, respectively.

Source: Securities and Exchange Commission.794877—48 3



Table 9.—Government Expenditures, 1944-47

[Millions of Dollars]

Table 12.—National Income by Legal Form of Organization, 1944-47


Total expendituresFederal _ _ . _ _ . _ _ _ _ _ _ _

Purchases of goods and servicesC ompensation of employees _ _Net purchases from business

New Construction ___ __ _OtherLess: Domestic sales of surplus consump-

tion goods and materialsNet purchases from abroad

Purchases from abroadLess: Sales to abroad _ _

Transfer paymentsGrants-in-aid to State and local governmentsNet interest paid

Interest paid _ . _Less: Interest received

Subsidies less current surplus of government en-terprises

State and localPurchases of goods and services.. _

Compensation of employeesPurchases from business . _

New constructionOther -. -

Transfer paymentsNet interest paid

Interest paid ._ _ . _ _ _Less* Interest received

Less: Current surplus of government enter-prises

1944

103, 12495, 58289 00627, 97860 103

1,76158 551

209925

1 877952

1 838947

2 4203 262

842

1 3718 4897,5284 8832 645

5522,0931 244

383627244

666

1945

92, 91184, 81774, 79630, 52643 327

1,44042 309

422943

2 6791 7364 300

8703 3354 3351 000

1 5168 9647 9975 3232 674

6522 0221 318

330581251

681

1946

47, 00936, 89320, 79214,5297 256

9027 070

716—9931 1522 1459 2101,1084 1645 2171 053

1 61911 2249 9816 3203 6611 3032 3581 625

302566264

684

1947

43, 32930, 86615, 6169,1736 593

8655 986

258—150

9021 0528 8641,7244 1155 2301 115

54714 18712 3367 5904 7462 2192 5272 200

324598274

673

Table 10.—Social Insurance Funds, 1944-47


Federal:Contributions for social insurance

Employee contributionsEmployer contributions

Government and government enterprisesPrivate

Less* Transferred to general governmentEquals- Retained bv social insurance fundsPlus' Investment incomeEquals* Net receipts _Less' Benefit paymentsEquals1 Surplus (+) or deficit (— ) _ _

State and local:Contributions for social insurance

EmployeesEmployer (government and government enter-

prises)Less* Transferred to general governmentEquals- Retained by social insurance fundsPlus* Investment incomeEquals- Net receiptsLess: Benefit payments. _ _ _ _Equals' Surplus (+) or deficit (— ) _ _ _ _

1944

4,8152 0922,723

4452,278

1824,633

3654,998

6644,334

356144

2124

35278

430223207

1945

5,7582 1803,5781,4932,085

1995,559

4916,0501 3364,714

379154

2255

37482 '

456233223

1946

5 4891 7733 7161,6512 065

2565 233

6085 8412 3573 484

448213

2357

44187

528245283

1947

5 1021 8323 270

8382 432

1284 974

6675 6412 1403 501

486236

25010

47692

568277291

Table 11.—Transactions of the Rest of the World With the UnitedStates, 1944-47


Net current payments to the United StatesNet payments of factor income

Wages and salaries. _ _ _ _ .InterestDividends _ _ _ _Branch profits

Net purchases from the United States __ _ .Net purchases from United States business

Purchases from United States businessSales to United States business _ _ _ _ _ _

Net purchases from United States Government _ _Purchases from United States Government _ .Sales to United States Government

Net purchases from United States personsPurchases from United States personsSales to United States persons

Net capital movement to the United StatesLong-termShort-term _Change in gold stockErrors and omissions _ _Adjustment for United States territories and posses-

sions

1944

-2, 099423

12118103190

-2, 522—4223,8774,299-925

9521 877

—1,17545

1,2202,099

21356

1,350-37

409

1945

-1, 43836911

13075

153— 1, 807

5534,9844,431-9431,7362,679

—1,41794

1,5111,438

—1,3991,915

5488

366

1946

4,672611

7167138299

4,0614 0629,8445,782

9932,1451,152-994

1241,118

-4, 672—3, 603

-851-623

155

250

1947

8,898853

6208237402

8,0458 896

15, 7986,902

1501,052

902—1, 001

1451,146

-8, 898—7, 741

2-2, 163

1,004

National income

Income originating in business, totalCorporate business

• Compensation of employees -Wages and salaries

Compensation of corporate officersOther wages and salaries

Supplements to wages and salariesCorporate profits and inventory valuation adjust-

ment _ .Corporate profits before tax

Corporate profits tax liabilityCorporate profits after tax __ _ _

Inventory valuation adjustmentNet interest _ _ -

Sole proprietorships and partnershipsCompensation of employees

Wages and salariesSupplements to wages and salaries

Income of unincorporated enterprises and inven-tory valuation adjustment -_

Business and professionalIncome of unincorporated enterprisesInventory valuation adjustment

Farm __Net interest

Other private businessCompensation of employees

Wages and salaries . _ _ _ _ _ _Supplements to wages and salaries

Income of unincorporated enterprises— businessand professional

Rental income of personsNet interest

Government enterprisesCompensation of employees

Wages and salariesSupplements to wages and salaries

Income originating in general governmentCompensation of employees -

Wages and salariesSupplements to wages and salaries _ __ _ _ _

Employer contributions for social insurance- _Other labor income _ _ _

Income originating in households and institutionsCompensation of employees

Wages and salaries _.Supplements to wages and salaries

Employer contributions for social insurance. _Othp.r labor income

N e t interest - _ _ _ _Income originating in the rest of the world

Wages and salaries _ -_Corporate profits after tax _ _Net interest

1944

182, 407

145, 10394, 02269, 43166, 3603,759

62, 6013,071

23, 74624, 04013, 52510, 515-294

84540, 42712, 94812, 591

357

27, 20315, 26815, 319

-5111, 935

2769,232

96793928

1676,7351,3631,4221,4221,372

5032, 86132, 86132, 165

69660888

4,0203,4783,443

351421

542423

12293118

1945

181, 731

141, 15787, 01366, 72163, 6574,118

59, 5393,064

19, 54820, 16111, 6418,520-613

74443, 06113, 98713, 626

361

28, 86616, 60616, 668

-6212, 260

2089,5721,0351,003

32

1856,9911,3611,5111,5111,455

5635, 84935, 84934, 0441,8051,663

1424,3563,7943,760

341321

56236911

228130

1946

179, 289

153, 06588, 43671, 18868, 097

0)0)

3,091

16, 37521, 4039,000

12, 403-5, 028

87353, 07618, 05417, 628

426

34, 84520, 21721, 596

-1, 37914, 628

1779,7211,2911,256

35

2196,7021,5091,8321,8321,764

6820, 84920, 84918, 9231,9261,819

1074,7644,0734,035

381721

691611

7437167

1947

202, 500

179, 347107, 17581, 99778, 470

83,527

24, 07029, 14511, 70917, 436

-5, 0751,108

59, 55520, 76520, 285

480

38, 58222, 93224, 100-1, 16815, 650

20810, 6931,4401, 404

36

2847,1311,8381, 9241, 9241,855

6916, 76316, 76315, 5711,1921, 020

1725, f>374, 6064, 568

381721

031853

6(.39;>08

1 Data not available.


July 1948 SUEVEY OF CUKEENT BUSINESS 19

Table 13.—National Income by Industrial Origin, 1944-47

Table 14.—Wages and Salaries, by Industry, 1944-47

Table 15.—Supplements to Wages and Salaries, by Industry, 1944-47

Table 16.—Income of Unincorporated Enterprises, by Industry, 1944-47

[Millions of Dollars]

All industries, total .

Agriculture, forestry and fisheriesFarmsAgricultural and similar service establishments.ForestryFisheries _ _

MiningMetal miningAnthracite miningBituminous and other soft coal miningCrude petroleum and natural gasNonmetallic mining

Contract constructionManufacturing

Food and kindred productsTobacco manufacturesTextile-mill productsApparel and other finished fabric productsLumber and timber basic productsFurniture and finished lumber productsPaper and allied productsPrinting and publishing _Chemicals and allied productsProducts of petroleum and coalRubber products _ _Leather and leather productsStone, clay, and glass productsIron and steel and their products _ _Nonferrous metals and their productsMachinery (except electrical)Electrical machineryTransportation equipment except automobiles- _Automobiles and automobile equipment _Miscellaneous

Wholesale and retail tradeWholesale trade __Retail trade and auto services

Finance, insurance, and real estateBankingSecurity and commodity brokers, dealers and

exchangesFinance, n e eInsurance carriersInsurance agents and combination officesReal estate

TransportationRailroads __ _ __Local railways and bus linesHighway passenger transportation ___ _ __ _Highway freight transportationWater transportation _Air transport (common carriers)Pipe-line transportationServices allied to transportation

Communications and public utilitiesTelephone and telegraphRadio broadcastingUtilities: electric and gas.Local public services, n. e. c _ _ _

Services _ _ _ _ _Hotels and lodging placesPersonal servicesPrivate households __Commercial and trade schools and employment

agenciesBusiness services, n. e. c _Misc repair services and hand trades _ ._Motion picturesAmusement and recreation, except motion pic-

turesMedical and health servicesLegal servicesEngineering and other professional services,

n. e. c .Educational services, n. e. cReligious organizations _ _Nonprofit organizations, n. e. c

Government and government enterprises. _ _Federal — general government

Civilian, except work relief-Military __.Work relief

Federal — government enterprisesState and local — general government

Public education _ _Nonschool, except work reliefWork relief

State and local — government enterprises. ._Rest of the worldAddendum: All private industries ._

Table 13. — National income

1944

182, 407

14, 80514, 469

2173089

2,943417238

1,271793224

4,11860, 0555,040

2932,9592,5341,165

9871,3462,0543,3581,362

996863

1,1239,0521,8965,8403,722

12, 4801,4111,574

23, 8466,803

17, 04313, 2551,664

203266

1,022652

9,44811, 2066,955

571676

1,310857177147513

4,1011,676

1772,167

8113, 569

9121,9852,220

1471,065

718851

4522,2881,046

485539341520

34, 28327, 978

1,0824,883

340226

147, 898

1945

181, 731

15, 25514, 917

20334

1012,799

350219

1,206800224

4,21251, 9375, 155

2173,0152,6681,0891,0071,3482,2633,2401,334

939899

1,1287,4281,6495,0563,0907,7461,1241,542

26, 6197,452

19, 16713, 9641,865

299283

1,011698

9,80810, 5496,058

575692

1,398995193133505

4,3231,787

1892,261

8614, 5551,0032,1452,444

851,223

664889

5412,3961,135

536580354560

37, 36030, 526

1,1515,323

360158

144, 213

1946

179, 289

17, 97217, 585

22945

1133,007

329265

1,255883275

6,48848, 1255,566

2924,1133,2471,4471, 2531,7082,7073, 0971,6321,0291,0241,5245,8121,6894,4802,2921,8721,7591,582

33, 2258,823

24, 40215, 0462,184

299366

1,207910

10, 08010,3185,576

632777

1,681797236137482

4,9482,027

2122,611

9817, 1841,2262,6542,581

1021,554

8451,115

7412,7041,292

656678368668

22, 68114, 529

1,4106,320

422295

156, 313

1947

202, 500

19, 28718, 885

23247

1234,034

560281

1,7291, 123

3418,733

61,7156,469

3695,1003,6732,0531,4392,3483,0953,6102,3501,1281,2011,8998,1862,1346,1173,4201,9803,4161,728

37, 53110, 32627, 20516, 4792,439

198427

1,3291,017

11, 06911, 3826,199

669782

1,972793257153557

5,4022,133

2262,936

10718, 8311,2892,7313,070

1361,698

9481,046

7603,1481,384

777743396705

18, 6879,173

1, 4267,590

498419

183, 394

Table 14.— Wages and salaries

1944

116,882

2,2952,094

1232652

2,197263202

1,052515165

2,88742,9132,946

1582,0461,876

874768879

1,3072,060

600645650839

6,7401,3404,1802, 673

10, 1211,0581, 153

13, 0204,2518,7692,875

758

163219820289626

7,5254,377

46438492674313079

4221,994

98910087134

7,627576

1,1451,743

95651235509

319773161

191420302507

33, 53727, 5086,802

20, 7060

1,0364,6572,0492,608

0336

1283, 333

1945

117,556

2,4442,239

1153258

2,173227196

1,020569161

2,95338, 2333,106

1712,1131,984

848799932

1,4682,072

641637702857

5,7851,2503,9002,3906,490

9141,174

14, 6684,7039,9653,144

826

222236878315667

7,8894,405

495424

1,01488515081

4352,2091,123

11693238

8,333628

1,2741,943

54750236552

362840175

215440315549

35, 49928, 9626,486

22, 4760

1,0995,0822,2562,826

0356

1182, 046

1946

111,710

2,7712,536

1304164

2,377234237

1,066628212

4,44936, 4893,585

1862,6802,4511,0921,0531, 1301,9211,947

697736872

1,1284,5461, 3443,8762, 2041,9781,7491,314

19, 8056,136

13, 6693,963

991

278305

1,090428871

8,4944,771

554528

1,22468323188

4152,8251,480

1431,156

469,843

7921,6171,955

64966306680

498988222

276497329653

20, 68712, 8535,0927,761

01,3476,0702,7453,325

0417

791, 016

1947

122, 159

3,0202,776

1314370

2,916297245

1,383740251

5,87442, 7874,074

2033,1172,6691, 4551,2741,3462,2642,168

859812946

1,3475,6431,5214,7832,6511,8912,3071,457

22, 7267,360

15, 3664,2871,115

231351

1,232460898

9,0254,934

596575

1,401666267100486

3,2841,672

1571, 405

5010, 808

8291,6832, 210

871, 055

336683

5071,246

255

326546356689

17, 4268,2474,3713,876

01,3627,3243,3843,940

0493

6104, 727

Table 15.— Supplements

1944

4,237

95400

87137

39235

1481,900

1446

798836313843

10180242339

31651

1641414143745

43014328715556

420319

35439324

1319391753

19159944

592

16420343

6228

20

1162

67

109

746470

46226

40

3,491

1945

5,352

106400

86127

36256

1551,781

1487

829235314053

119103242438

27849

1551342963043

47115831316461

620311036

467340

1522401795

19184104

5732

17323363

4279

19

1262

67

109

1,8611,564

52241

40

3,491

1946

5,584

116401

101119

4826

7218

1,582153

795

10641364459

109109252745

22149

1411201044645

56418637818968

723361144

499364

16264416125

16224134

682

220227413

5311121

1593

68

1012

1,9941,676

63250

50

3,590

1947

5,342

126501

129121168308

2711,756

1667

10711452414866

118119273051

• 25152

1651371015846

625213412201

74

626391343

62748018274717136

19248149

7902

21227413

6331222

15123

78

1013

1,261926

64266

50

4,081

Table 16.— Income, unincorpor-ated enterprises

1944

27, 421

12, 05811, 935

872

34139

62

35924

9651,536

4055

52313923414982949

35179870

14121258

667,1391,1036,036

5920

118120

332130356

02

63273

700

11165209

4,620184747

1731445858

761,506

886

29084

27, 421

1945

29, 113

12,38112, 260

812

38117

52

34724

1,0121,598

4455

56342

903516

1232949

41148466

12818178

688,0771,2916,786

6790

171120

354142377

02

63293

800

1120720

114,852

206782

10359410

5.7

921,548

961

318109

29, 113

1946

36, 443

14, 76514, 628

923

42139

83

35885

1,7001,973

5526

824691154621

185284

1159256371

1271769

7711, 0071,8089,199

7770

121150

451190439

03

83334

800

1124920

135,619

231927

1144351770

1211,7061,070

378145

36, 443

1947

40, 034

15, 79215, 650

933

46200

93

50131

72,3872,364

6647

1025271545626

233306

1267348281

161206

1086

11, 876-2,028:9,848

8120

63200

526203499

03

92382

90o

1328.1120

156, 076

242935

14482;58762:

1281,8901,130

449157

40,034


20 SUEVEY OF CUKKENT BUSINESS July 1948

Table 17^—Corporate Income Before Federal and State Income and Excess Profits Taxes, by Industry, 1944-47 l

Table 18.—Federal and State Corporate Income and Excess Profits Tax Liability, by Industry, 1944-47

Table 19.—Corporate Income after Federal and State Income and Excess Profits Taxes, by Industry, 1944-47 1

Table 20.—Net Corporate Dividend Payments, by Industry, 1944-47


All industries, total

Agriculture, forestry and fisheries ,Farms.. . __ _.ForestryFisheries

MiningMetal mining .Anthracite miningBituminous and other soft coal mining .. _.Crude petroleum and natural gasNonmetallic mining _

Contract constructionManufacturing

Food and kindred productsTobacco manufacturesTextile-mill products. _Apparel and other finished fabric products"Lumber and timber basic prod TintsFurniture and finished lumber productsPaper and allied products.Printing and publishingChemicals and allied productsProducts of petroleum and coal ..Rubber productsLeather and leather productsStone, clay, and glass productsIron and steel and their products .Nonferrous metals and their productsMachinery (except electrical)Electrical machineryTransportation equipment except automobiles-Automobiles and automobile equipment __Miscellaneous _

Wholesale and retail tradevv^holesale tradeRetail trade and auto services

Finance insurance, and real estateBanking .-Security and commodity brokers, dealers and

exchanges -Finance, n e eInsurance carriersInsurance agents and combination officesReal estate

Tran sportationRailroads .Local railways and bus linesHighway passenger transportation, n. e. C-._ _ _Highway freight transportationWater transportationAir transport (common carriers)Pipe-line transportationServices allied to transportation

Communications and public utilitiesTelephone and telegraphRadio broadcasting and televisionUtilities: electric and gas. _ _.Local public services, n. e. c

ServicesHotels and lodging placesPersonal servicesCommercial and trade schools and employment

agenciesBusiness services, n. e. cMisc. repair services and hand trades _ __Motion picturesAmusement and recreation, except motion pic-

turesRest of the world

Table 17Corporate income before taxes

1944

24, 333

120117

12

51714023

14515950

12713, 9721,591

176822270170167426613

1,194662307150239

1,895443

1,373893

1,943318320

3,4291,3492,0801,447

923

-2543

17427

3052,4521,865

592076290436561

1,588535

7295625

5859960

288114

258

4596

1945

20, 389

122118

04

42811413

1171315397

10, 8701,540

152795266119145365634

1,053557262149229

1,318285938593

1,023179268

3,6331,3862,2471,6091,087

-3154

11125

3631,427

95436

1814486364842

1,57150567

97623

61511457

17906

255

7617

1946

21, 840

140136

04

48611518

12416663

17111, 2641,957

1951,546

422235189581617

1,297876260181378

1,25937057991

-10869

2704,8281,7853,0431,8381,236

-3256

11426

43866123432

1387493-45143

1,52636063

1,07924

80513974

21119

8336

108121

1947

29, 784

151147

04

87628123

24424286

26218,2002,094

2291,923

471492304

1, 053615

1,5591,494

210272528

2,628700

1,26476696

1,156346

4,7431,7133,0302,0471,359

-3256

11626

5221,095

6671987

139104

-205544

1,43025563

1,08824

77514678

28133

9269

112205

Table 18Tax liability

1944

13, 525

706811

15636

752382391

7,98796489

5341698999

26737972592

21690

1451,139

256818463

1,080176197

2, 053801

1,252595224

987

10113

1611,4141,079

351333552172736

82030947

45311

3395228

17448

156

34

1945

11,641

726813

13430

440362468

6,468912

695061575983

21839862110718088

131833152601399660129165

2,115797

1, 318728333

20947812

19187158225

1222749192126

833309

42472

10352

6026

14493

151

49

1946

9,000

646112

14030

441402568

4,70680980

6371648479

239246525237109

74157510141261

776978

1301,979

7321,247

796389

21978012

197322132145633416

2119

60014426

4219

3255328

8513

134

48

1947

11, 709

696612

259755

836135

1057,163

84494

76018216912042824662040388

106218

1,05626749930687

509161

1,944702

1,242840427

21988113

200456256

123663452

2319

56110325

4249

3125630

11543

108

50

Table 19Corporate income after taxes

1944

10, 808

504901

3611041693

1212736

5,98562787

2881018168

159234469570916094

756187555430863142123

1,376548828852699

-34-44

7314

1441,038

78624742738263825

76822625

50314

2464732

11376

102

1196

1945

8,748

5050i1

29484

977952929

4,40262883

2891096062

147236432450826198

48513333719436350

1031,518

589929881754

-51-40

3313

172556372

11591737172716

73819625

50413

2635431

3413

104

2717

1946

12, 840

7675-1

2346851483

12638

1036,5581,148

115909258151110342371772639151107221749229318

14-177

-9140

2,8491,0531,7961,042

847

-53-41

3414

24133910218824152

-103024

92621637

65815

4808646

13685

202

60121

1947

18,075

8281

— 12

617206

1816118151

15711, 0371,250

1351,163

289323184625369939

1,091122166310

1,572433765460

9647185

2,7991,0111,7881,207

932

-53-42

3513

322639411

7517659

-223225

86915238

66415

4639048

17796

161

62205

Table 20Corporate dividend payments

1944

4,680

242220

15761

723481821

2,39530168

1112735256793

271272332752

29592

1891092593039

490179311492252

-158309

144292189

92012246

1715

62418112

42110829

10

4191

33

6103

1945

4,720

141310

138446

26451718

2,421313

621102538227088

298254352658

28790

1821232692348

500177323550273

-2102308

139292203

92011215

1013

62318910

41410891010

3201

35

1075

1946

5,605

161420

158418

24612418

2,84035067

196355230

110121369288492986

31196

19913596

16754

701230471631295

-2159258

146311204

1232112559

1364818313

44210

144149

6241

65

25138

1947

6,880

232120

226611037902824

3, 708471

77271479861

1551244523855139

11140014225119177

24164

884367517584329

-5676

10177308200

930122939

1669818713

48711

1882511

11271

76

37237

1 Corporate income before and after taxes is measured net of capital gains and losses, dividends received, renegotiation refunds, and accelerated emergency amortization charges, but beforededuction of depletion charges. The definition with respect to depletion charges has an important effect on the data for the mining industries. A complete reconciliation of the all-industrytotals for these income series with Bureau of Internal Revenue figures for "compiled net profit" is presented in table 38.


July 1948 SUEVEY OF CURRENT BUSINESS 21

Table 21.—Undistributed Corporate Income, by Industry, 1944-47Table 22A.—Inventory Valuation Adjustment, by Industry—Corporations—1944-47

Table 22B.—Inventory Valuation Adjustment, by Industry—Unincorporated Enterprises—1944-47Table 23.—Net Interest, by Industry, 1944-47

(Millions of dollars)


Agriculture, forestry, and fisheriesFarms .. _ _ _ __Agricultural and similar service establishments-Forestry . _Fisheries - -

MiningMetal mining _ _ __Anthracite miningBituminous and other soft coal miningCrude petroleum and natural gasNonmetallic mining. __

Contract constructionManufacturing __ _. _

Food and kindred products _Tobacco manufacturesTextile-mill productsApparel and other finished fabric productsLumber and timber basic products - -Furniture and finished lumber productsPaper and allied products _Printing, publishing, and allied industriesChemicals and allied products ._Products of petroleum and coalRubber productsLeather and leather productsStone, clay, and glass products _ . _Iron and steel and their productsNonferrous metals and their productsMachinery (except electrical)Electrical machineryTransportation equipment except automobiles. _Automobiles and automobile equipmentMiscellaneous .

Wholesale and retail tradeWholesale tradeRetail trade and auto services

Finance, insurance, and real estateBankingSecurity and commodity brokers, dealers, and

exchangesFinance, n e eInsurance carriersInsurance agents and combination officesReal estate _ _

Transportation -RailroadsL ocal railways and bus lines -Highway passenger transportationHighway freight transportation and warehous-

ing -Water transportationAir transport (common carriers) -Pipe-line transportationServices allied to transportation .

Communications and public utilities -Telephone, telegraph, and related servicesRadio broadcasting _ . . _Utilities' Electric and gasLocal utilities and public services, n. e. c _ _ .

ServicesHotels and lodging placesPersonal services -Private householdsCommercial and trade schools and employment

agenciesBusiness services n e. cMiscellaneous repair services and hand trades. .Motion pictures _ ..Amusement and recreation, except motion

picturesMedical and health services. . ._Legal servicesEngineering and other professional services,

n e eEducational services, n. e. cReligious organizationsNonprofit organizations, n. e c

Rest of the world

Table 21Undistributed corporate income

1944

6,128

2627

-21

204439

70739

153,590

32619

17774464392

141198298583342

46195

36632160411284

886369517360447

-33-102

435

7465971554

1514202110

144451382

41643822

7185

69

5

-7

1945

4,028

3637

21

156403

51501211

1,98131521

17984224077

148134196473540

19843

15571942755

1,018412606331481

-49-142

35

33264169

239

61612173

1157

15903

1744421

212

69

17

-58

1946

7,235

6061

—32

188446

59651485

3,71879848

7132239980

23225040335110278

135438133119

-121-273—176

862,148

8231,325

411552

-51-200

96

9528

— 1026

50

3027

-152111

2783324

2165

3367237

7444

137

35

-17

1947

11,195

5960

-32

391145

81249123

1337,329

77958

892242225123470245487706

71127199

1,172291514269-68406121

1,915644

1,271623603

-48-109

293

145331211-221

6430

-25239

171-35

25177

42756537

6525

85

25

-32

Table 22ACorporate inventory valuation

adjustment

1944

-294

-3-1

00

-1-1-5

-213-57-56-33-8-6

-13-11

— 1-11

6+8+8-7—2-8

000

-9-56—22-34

-11-9— 1

0

000

-10

-6— 1

0

0

1945

-613

-4-2

0-1-1

0-3

-487-86

-130-23-9-1

0

-5-7

-19+12+5

-14

-54i

-50-34-54

0-9

-84-56-28

-24-20-1

0

-100

— 1-1

— 11-2

0-9

0

1946

-5, 028

-81-31-3

-16—21-10-25

-3, 018-651-118-277-157-28-62-68-61

-267-79-5

-107-46

-300130

-226-131-81

-106-118

-1,683-848-835

-142-116

n-1

-4-2-2-7-3

-79-17-1

-60— 1

1947

-5, 075

-80-31

o-16-20-10-32

-3. 250-507-95

-139-82-84

-218-125-68

-246-164+63105

-54-453-197-236-148-88

-106-198

-1,381-785-596

-203-167-10-2

-6-3

o

-9-4

-129-32-2

-93-2

Table 22BUnincorporated inventory val-

uation adjustment

1944

-51

000000

-4-1+l-2-2-1+1

0—1

00000

+100

+1+100

-46n

-39

1945

-62

600000

-2-9-4

0-1-2

0+1+1

0-1

000

-1-1

001

000

-51-17-34

1946

-1, 379

-14-2

0—1-8-3

-25-145-41

0-7

-39-6-7-1—7-2

00

-5-2-4

-15-2-1-1

0-5

-1, 195-237-958

1947

-1, 168

-13-2

0-1-7-3

-32-163-40

0-4

-20-15-18-2-7-5

00

—62-6

-24-4-t

0-1

-960-202-758

Table 23Net interest

1944

3,144

323318

3116

—440610

-52104

-5-3

0-1

0-5

—15223

-3-4

40

-18-7

-24-9-i

—70-14-56

1,451-73

-57-28-3-5

1,617445398343

100

-110

35054-128611

57333-1474

1-3

36

13

-3

-228294

118

1945

3,005

298294

301

-1-6

10400

-496

12—7-5-2

—1-8

-13172

-3—4180

-15-10-26-7-2

-95-13-82

1,377-109

-69-39-9-6

1,609413379282

8• -t-2

0-135050-128912

58232

A

498

0-3

36

-12

—3

-324292

130

1946

3,417

285279

312

-1-6

1—1

410

-201116

-6-5-2-2

1-7

—15252

-3-4270

-15-82-26-8

-101-7

-941, 577-111

-75-33-33-6

1,835367323343

9-1—1

00

42861-1354

1471537-5623

1-6

38

-11

-428293

167

1947

4,293

312306

3126

-621723

211818

-6-6-0

12

-8-14

364

-a-5411

-16-5

-26-8-1

-98-1

-972,001-109

-70-26-58-8

2,272339285433

90

-11

-154178

—144618

96045-6857

1—5

410

-20

-4

-632303

208



Table 24.—Number of Full-time Equivalent Employees, by Industry, 1944-47

Table 25.—Average Number of Full-Time and Part-Time Employees, by Industry, 1944—47

Table 26.—Average Annual Earnings per Full-time Employee, by Industry, 1944—47

All industries, total. . _ _ _ _ > _

Agriculture, forestry and fisheriesFarmsAgricultural and similar service establishmentsForestry ._Fisheries

Mining _ _ _ _ _ _Metal miningAnthracite mining ...Bituminous and other soft coalCrude petroleum and natural gasNonmetallic mining

Contract construction _Manufacturing

Food and kindred productsTobacco manufacturesTextile-mill productsApparel and other finished fabric productsLumber and timber basic productsFurniture and finished lumber productsPaper and allied products . _Printing and publishingChemicals and allied products _Products of petroleum and coalRubber products ___Leather and leather productsStone, clay, and glass productsIron and steel and their productsNon ferrous metals and their products ._ _ _ _Machinery (except electrical)Electrical machinery _ _ _ _ _ _Transportation equipment except automobilesAutomobiles and automobile equipment _ . _Miscellaneous

Wholesale and retail trade - - _ _ _Wholesale tradeRetail trade and auto services -_

Finance, insurance, and real estateBanking. _ _ _ _ _ _ _ _ _ _ _Security and commodity brokers, dealers and exchanges. __Finance, n. e. cInsurance carriersInsurance agents and combination officesReal estate - _ _ _ _ _

TransportationRailroads.. _Local railways and bus lines __Highway passenger transportationHighway freight transportationWater transportationAir transport (common carriers)Pipe-line transportation ___Services allied to transportation

'Communications and public utilitiesTelephone and telegraphRadiobroadcasting __Utilities: electric and gas _ _Local public services, n. e. c

ServicesHotels and lodging placesPersonal services __ __ _Private households _ _ _Commercial and trade schools and employment agencies. _Business services, n. e. cMiscellaneous repair services and hand trades _Motion picturesAmusement and recreation, except motion picturesMedical and health services... ___ __Legal servicesEngineering and other professional services, n. e. cEducational services, n. e. c.Religious organizationsNonprofit organizations, n. e. c _

Government and government enterprises _._ _ _ _ _ _ _. ._Federal — general government

Civilian, except work reliefMilitaryWork relief

Federal — government enterprisesState and local — general government.—

Public educationNonsch col, except work reliefWork relief

State and local — government enterprises _ .Rest of the worldAddendum: All private industries _ _

Table 24Full-time equivalent employees

[Data in thousands]

1944

55, 113

2,3342,227

632024

87910780

41519879

1,10917, 0481, 441

1001,2171,049

558406390550790197239355386

2,424492

1,4051,0373,175

341496

6,6221, 5925,0301,301

3363979

328115404

2,8101,616

188. 157

390205

4726

18188748630

35318

5,023418757

1,61635

23879

21419664110559

266196203

17, 09513, 9102,545

11,3650

4422, 5941,1881,406

0149

538, 013

1945

53,335

2,2222,118

602024

8298973

38820673

1, 13615, 189

1, 431102

1,1641,021

524402394570776207234357381

2,072457

1,331925

2,044308489

6. 8611, 6755,1861, 326

3434281

337118405

2,8861,628

1891653982475325

18191150033

35919

4,989412770

1,57221

25480

21519763010366

268199202

16, 98113, 7482,446

11,3020

4642,6211,1981,423

0148

536, 349

1946

47, 235

2,2622,148

692124

8738982

39122289

1, 75214, 527

1, 503102

1,3061,117

620483447669705220259409474

1,686495

1, 358842672620540

8,2392,0036,2361,529

3745396

392147467

2,8801, 564

2031994432008127

1631,101

61336

43022

5,260460885

1,47224

31010622923664611983

277197216

8,8095,2991,8653, 434

0495

2,8541,3021,552

0161

338, 423

1947

47, 071

2, 3372,227

632225

93710078

432233

942, 068

15, 3061,523

1031,3401,151

700520463707689237265411503

1,850521

1,524921606721551

8, 5392,1776,3621, 554

39049

104424148439

2,8661,543

2012034541788528

1741,174

64140

47023

5,478450891

1,60330

32910422622870712593

284197211

6,8103,0431,4641,579

0493

3,0991,4041,695

0175

240, 259

Table 25Full-time and part-time employees

[Data in thousands]

1944

56, 978

2,3662,227

952024

87910780

41519879

1,10917, 0481,441

1001,2171,049

558406390550790197239355386

2,424492

1,4051, 0373,175

341496

7,3621,6425,7201,383

3384792

337138431

2,9251,616

188160469216

4726

20389048633

35318

5,559448811

1,80243

28510023724264111459

266217294

17, 45213, 9102,545

11,3650

4422,9341,2341,700

0166

539, 521

1945

55, 257

2,2522,118

902024

8298973

388206

731,136

15, 1891,431

1021,1641,021

524402394570776207234357381

2,072457

1,331925

2,044308489

7, 6301,7295,9011,412

3455295

346143431

3,0051,628

189168478260

5325

20491450036

35919

5,528444826

1,75326

30410223824463011266

268219296

17, 35713, 7482,446

11, 3020

4642,9791,2451,734

0166

537, 895

1946

49, 404

2,2972,148

1042124

8738982

39122289

1,75214, 5271. 503

1021, 3061,117

620483447669705220259409474

1,686495

1,358842672620540

9,1582,0667,0921,629

37664

113402178496

3,0091,564

2032035392108127

1821,105

61340

43022

5,842494949

1,64230

37013425429264613083

276218324

9,2095,299

• 1, 8653,434

0495

3,2361,3531,883

0179

340, 192

1947

49, 288

2,3692,227

952225

93710078

432233

942,068

15, 3061,523

1031,3401,151

700520463707689237265411503

1,850521

1,524921606721551

9,4812,2467,2351,655

39260

122435179467

2,9921,543

2012075451888528

1951,178

64144

47023

6,076483956

1,78836

39213225128170713693

284217320

7,2243,0431,4641,579

0493

3,4951,4592,036

0193

242, 062

Table 26Average annual earnings

[Dollars]

1944

2,121

983940

1,9521,3002,1672,4992,4582,5252,5352,6012,0892,6032,5172,0441,5801,6811,7881,5661,8922, 2542,3762,6083,0462,6991,8312,1742,7812,7242,9752,5783,1883,1032, 3251,9662,6701,7432,2102,2564,1792,7722,5002,5131,5502,6782,7092,4682,4462,3743,6242,7433,0922,3312,2482,0353,3332,4671,8891,5181,3781,5131,0792,7142,7352,9752,3791,6281,2061,5333,2371,5791,5412,4981,9621,9782,6731,822

2,3441,7951,7251,855

2,2552,2002,192

1945

2,204

1,1001, 0571,9171,6002,4172,6212,5512,6852,629

• 2, 7622,2052,5992, 5172,1711,6761,8151,9431, 6181,9882, 3652,5752,6703,0972,7221,9662,2492,7922,7352,9302,5843,1752,9682,4012,1382,8081,9222,3712,4085,2862,9142.6052,6691,6472,7342.7062,6192,5702,5483,5832,8493,2282,4032,4252,2463,5152,5962,0001,6701,5241,6551,2362,5712,9532,9502,5671,8381,3331,6993,2581,6421,5832,7182,0912,1072,6521,989

2,3691,9391,8831,986

2,4052,4002,257

1946

2,365

1, 2251,1811,8841,9522,6672,7232,6292.8902,7262,8292,3822.5392,5122,3851,8242,0522,1941,7612,1802,5282,8712, 7623, 1682,8422,1322.3802,6962,7152,8542,6182,9432,8212,4332,4043, 0632.1922, 5922, 6505,2453,1772,7812,9121, 8652,9493,0512,7292,6532,7633,4152,8323,2622,5462,5662,4143,9722, 6882,0911,8711,7221,8271,3282,6673,1162,8872,9692,1101,5291,8663,3251,7941,6703,0232,3482,4262,7302,260

2,7212,1272,1082,142

2,5902,6002,369

1947

2, 595

1,2921, 2472,0791, 9552,8003,1122,9703,1413,2013,1762, 6702,8402,7952, 6751, 9712, 3262,3192, 0792, 4502, 9073, 2023,1473, 6243,0642,3022,6783,0502,9193,1382,8783,1203,2002,6442, 6613, 3812, 4152, 7592, 8594,7143, 3752, 9063,1082. 0463. 1493. 1982. 9652. H333. 0863, 7423, 1393, 5882,7932.7972. 6083, 9252. 9892,1741, 9731,8421,8891, 3792, 9003,2073,2313, 0222,2241,7622, 0403, 5051, 3231,3073, 2652, 5592,7102, t)862, i55

2, 7632, 3632, 'HO

2, 324

2, 8172, 9002, 601


July 1948 SURVEY OF CUKRENT BUSINESS 23

Table 27.—Number of Active Proprietors of Unincorporated Enterprises, by Industry, 1944-47

Table 28.—Number of Persons Engaged in Production, by Industry, 1944-47

Table 29.—Corporate Sales, by Industry, 1944-47


Agriculture, forestry and fisheriesFarms _ _ _ _ _ _ . _ . _ _ _ _ _Agricultural and similar service establishmentsForestry. __ _ _Fisheries

MiningMetal mining _ _Anthracite mining _Bituminous and other soft coalCrude petroleum and natural gasNonmetallic mining

Contract construction _Manufacturing

Food and kindred productsTobacco manufactures _Textile-mill products. _Apparel and other finished fabric productsLumber and timber basic productsFurniture and finished lumber products _ _ _ _ _ _Paper and allied productsPrinting and publishing _Chemicals and allied productsProducts of petroleum and coal _ _ _ _Rubber productsLeather and leather products _Stone, clay, and elass productsIron and steel and their products _Nonferrous metals and their products - -Machinery (except electrical)Electrical machinery - -Transportation equipment except automobilesAutomobiles and automobile equipmentMiscellaneous

Wholesale and retail trade - -Wholesale tradeRetail trade and automobile services

Finance, insurance, and real estate- _ _BankingSecurity and commodity brokers, dealers and exchanges...Finance, n. e. c _ _Insurance carriers .Insurance agents and combination offices- _ _Real estate

TransportationRailroadsLocal railways and bus lines _ _ _Highway passenger transportationHighway freight transportationWater transportationAir transport (common carriers)Pipe-line transportationServices allied to transportation

Communications and public utilitiesTelephone and telegraphRadio broadcastingUtilities' electric and gasLocal public services, n e e

ServicesHotels and lodging placesPersonal servicesPrivate households _ _ _ _ _ _Commercial and trade schools and employment agencies. _Business services, n e. cMiscellaneous repair services and hand tradesMotion pictures. _ _ _ _ _ _ _Amusement and recreation, except motion pictures...Medical and health services ._Legal services _ _ _Engineering and other professional services, n. e. cEducational services, n. e. cReligious organizations. _ __Nonprofit organizations, n. e. c._

Government and government enterprisesFederal — general governmentFederal — government enterprises _ __State and local — general governmentState and local — government enterprises

Rest of the world __Addendum: All private industries _ _

Table 27

Active proprietors (data in thousands)

1944

9,098

4,9294,780

1112

36371318

105

4621334002

161371

19400254417116

1,834128

1,706273

01850

16090

16800

26137

200341102

1,258121376

371

2057

252401075053

9,098

1945

9,313

4,8774,713

1262

36371318

105

5181434103

191471

19400264518117

1,958144

1,814282

01950

16593

17600

27143

300341102

1,318118394

280

2337

262451105053

9,313

1946

10, 110

5,0364,847

1512

36401419

106

6961644213

241791

20400385719118

2,209171

2,038307

020

50

18498

19001

29154

300341102

1,464121427

289

2797

282761305253

10, 110

1947

10, 760

5,2255,015

1712

37411419

116

8201784413

2620101

205003

10582

10118

2,399190

2,209320

0' 20

50

195100200

01

31162

300341102

1,573130458

2100314

731

2911345353

10, 760

Table 28

Persons engaged (data in thousands)

1944

64, 211

7,2637,007

1742260

91612081

42320884

1,57117. 1811,481

1001,2191,065

571413391569794197239357391

2,428496

1,4061,0443,176

342502

8,4561,7206,7361,574

3365784

328275494

2,9781,616

1881835272074726

18489148731

35320

6,281539

1,1331,616

38309284221221881212109319196203

17, 09513, 910

4422,594

1495

47, 111

1945

62, 648

7,0996,831

1862260

866102

7439621678

1,65415,3321,472

1021, 1671,040

538409395589780207234359387

2,076462

1,332933

2,045309496

8,8191,8197,0001,608

3436186

337283498

3,0621,628

1891925412505325

18491550134

35921

6,307530

1,1641,572

23334313222223875213116321199202

16, 98113, 748

4642,621

1485

45, 662

1946

57, 345

7,2986,995

2202360

91310383

40023295

2,44814, 6911,545

1031,3091,141

637492448689709220259412482

1,691502

1,359851673621548

10, 4482,1748,2741,836

37473

101392331565

3,0701,564

2042285972038127

1661,105

61437

43024

6,724581

1,3121,472

26399385236264922249135330197216

8,8095,299

4952,854

1613

48, 533

1947

57, 831

7,5627,242

2342462

97811479

441244100

2,88815, 4841,567

1041,3431,177

720530464727694237265414513

1,855529

1,526931607722559

10, 9382,3678,5711,874

39069

109424343539

3,0661,543

2022346161818528

1771,178

64241

47025

7,051580

1,3491.603

32429418233259998259146337197211

6,8103,043

4933,099

1752

51, 019

Table 29

Corporate sales (millions of dollars)

1944

i 246, 737

879841

1622

3,875744378

1,573821359

3,101150, 96023, 8062,1487,7183,9571,6081,9983,4733,4499,8229, 8533,3322,1502,290

20, 8374,379

11,0128,012

24, 6223,7152,779

61,02332, 31128, 712

14, 30710, 045

612842

1,188726263252379

7,3102,210

3074,687

1065,282

966903

4201,045

1571,483

308

1945

i 239, 512

931885

1432

3,789712354

1,509857357

2,869138, 72523, 9512,2437,6904,0011,4232,0053,5653,8049,834

10, 0073,3662,2012,322

18, 4953,9699,8017,070

17, 1413,0922,745

65, 90534, 74631,159

14, 0529,699

624861

1,232670327219420

7,6582,400

3274,818

1135,5831,035

950

3551,169

1221,574

378

1946

i 253, 104

1,0541,008

1432

4,218654436

1,6571,057

4144,389

129, 09026, 5232,9219,4215,4171,7622,5844,4144,691

10, 56010, 2383,2092,4582, 915

15, 0933,9167,3324,4852,2746,1462,731

85, 92044, 64841,272

13, 3018,437

640879

1,470714488217456

8,2362,692

3575,066

1216,8961,2491,224

4271,529

1601,779

528

1947

i 319, 541

1,1281,081

1433

5,882981537

2,3481,481

5355,836

176, 63035, 8843, 252

12, 3666,7722,9403,2956,0925,572

12,88314, 3473,6583,2923,715

21, 1956,185

10, 7907,4333,307

10, 3843,268

98, 32249, 92648, 396

15, 2969,680

642845

2,058791549240491

9,0822,927

3785,649

1287,3651,3071,283

5851,682

1771,790

541

i Excludes finance, insurance, and real estate.



Table 30.—Personal Consumption Expenditures, by Type of Product, 1944—47


Group

I. Food and tobacco . . . . _ _ __ _ .1 . Food purchased for off-premise consumption

(ndc)2. Purchased meals and beverages

a. Retail, service, and amusement estab-lishments (ndc)

b. Hotels (ndc)c. Dining and buffet cars (ndc) -d. Schools and school fraternities (ndc)__e. Institutions, clubs, and industrial

lunchrooms (ndc)/. Tips (ndc)g. Less: Nonconsumer purchases in-

cluded in lines a-f (ndc)3. Food furnished government (including mili-

tary) and commercial employees, andwithdrawn by nonfarm proprietors (ndc) _ -

4. Food produced and consumed on farms(ndc) ..

5. Tobacco products and smoking supplies(ndc)_-

II. Clothing accessories and jewelry1 Shoes and other footwear (ndc)2 Shoe cleaning and repair (s)3. Clothing and accessories except footwear

(ndc) ' 34. Standard clothing issued to military per-

sonnel (ndc)5. Fur storage and repair (s)6. Cleaning, dyeing, pressing, alteration, stor-

age, and repair of garments n. e. c. (inshops) (s)

7. Dressmakers and seamstresses (not in shops)(s)

8. Laundering in establishments (s)9. Costume and dress suit rental (s)

10. Net purchases from second-hand clothingdealers (s)

11. Miscellaneous personal services (s) _..12. Jewelry and watches (dc)13 Watch, clock, and jewelry repairs (s)

III. Personal care1. Toilet articles and preparations (ndc)2 Barber shop services (s)3 Beauty parlor services (s)4 Baths and masseurs (s)

IV. Housing -- - -1. Owner-occupied nonfarm dwellings— space-

rental value (s)2. Tenant-occupied nonfarm dwellings (inciud-

3 Rental value of farm houses (s) -4 Transient hotels and tourist cabins (s)5 Clubs schools and institutions (s)

V Household operation1 Furniture (dc)2 Floor coverings (dc)3. Refrigerators, and washing and sewing

machines (dc)4. Miscellaneous electrical appliances except

radios (dc)5 Cooking and portable heating equipment

(dc)6 China, glassware, tableware, and utensils

(dc)7 Durable house furnishings n. e. c. (dc)8. Products of custom establishments n. e. c.

(dc)9 Writing equipment (dc)

lo! Net purchases from second-hand furnitureand antique dealers (s)

11 TJpholstery and furniture repair (s)12! Rug, drapery, and mattress cleaning and

repair (s)13. Care of electrical equipment except radios

and of stoves (s) - -14 Semidurable house furnishings (ndc)15 Lighting supplies (ndc)16. Cleaning and polishing preparations (ndc)-_17. Miscellaneous household paper products

(ndc)18 Stationery and writing supplies (ndc)19 Fuel (except ga^) and ice

d Purchased (ndc)6. Produced and consumed on farms

(ndc) -20 Household utilities - -

a Electricity (s) -b Gas (s) - -

21 Telephone (s) - -22 Telegraph cable and wireless (s)23 Postage (s)24 Express charges (s) -

26. Domestic service (excluding practicalnurses) - -

a Cash payments (s)b Value of meals furnished (s)

27. Fire and theft insurance on personal prop-erty net payments (s)

28. Miscellaneous household operation services(s)

1944

41, 801

25. 8468,882

8,66586498

120

223338

1,426

2,624

1,940

2,50918, 0132,020

256

11, 678

1,71345

645

54462

3

616

1,008107

1,875963421477

1411, 736

6,002

4,611820163140

13, 4531,305

553

153

683

\ 815

2076

35

731,360

692

3142,1231 997

1262,1491,123

690336920

2225036

148

1,6691,464

205

29

28

1945

46, 294

27, 79410, 553

10, 02095698

131

249387

1,288

2,998

2,080

2,86920, 1102,294

256

13, 211

1,74447

671

60484

4

617

1,198118

2,0751,086

45152315

12, 226

6,472

4, 530889184151

14, 8241,548

543

317

864

937

2080

36

861,390

648

3632,2252,103

1222,2691,191

731347

1,07023

27839

168

1,8611,657

204

31

28

1946

55, 005

34. 89512, 568

11,4521, 103

85228

331442

1,073

1,627

2,504

3,41122, 0982,820

293

15, 465

49553

766

60563

4

720

1,415137

2,3711,160

567627

1713, 166

7,161

4,629978203195

18, 6462,170

843

1,425

1,353

1,274

2090

41

1161,792

744

3792,3782,246

1322,3831,266

757360

1,22924

19942

201

1,8721,653

219

42

29

1947

61, 796

40. 90412, 886

11,5711,108

85335

429449

1,091

1,376

2,750

3,88022, 6063,012

304

16, 008

19556

799

68636

5

819

1,365131

2,2641,113

[ 1, 151

14, 429

7,996

4,8721.105

222234

21, 9732,3371,044

2, 565

1, 458

1, 307

21106

43

1341,815

1,152

3902,9012,711

1902,6241,399

854371

1,37026

20543

237

2,1161,826

290

50

29

Group

VI. Medical care and death expenses _ . _ .1 Drug preparations and sundries (ndc) _ _2. Ophthalmic products and orthopedic appli-

ances (dc) - - -3 Physicians (s)4 Dentists (s)5 Osteopathic physicians (s)6 Chiropractors (s) - - -7 Chiropodists and podiatrists (s)8 Private-duty trained nurses (s)9 Practical nurses and mid wives (s) _ _

10. Miscellaneous curative and healing profes-sions (s)

11. Privately controlled hospitals and sanitar-iums (s)

12. Net payments to group hospitalization andhealth associations (s)

13 Student fees for medical care (s)14. Accident and health insurance— net pay-

ments (s) --15. Mutual accident and sick benefit associa-

tions net payments (s)16 Funeral and burial service (s) -17 Cemeteries and crematories (s)18 Mônuments and tombstones (dc)

VII Personal business -- - -1. Miners' expenditures for explosives, lamps,

and smithing (ndc)2 Tools (dc) -3 Theatrical employment agency fees (s)4. Nontheatrical employment agency fees (s) _ _5 Net payments to labor unions (s) --6. Employees' dues and fees to professional

associations (s) --7. Brokerage charges and interest, and invest-

ment counseling (s)8 Trust services of banks (s) - -9. Bank service charges for deposit accounts,

check collection, and foreign exchange (s) _10 Safety-deposit box rental (s)\\ Môney -order fees (s) - --12. Services furnished without payment by

financial intermediaries except insurancecompanies (s) -

13 Expense of handling life insurance -a Life insurance companies (s)b. Fraternal and assessment associations

(S)14 Legal services (s) --15 Interest on personal debt (s)16 Classified advertisements (s)17. Net purchases from pawnbrokers and mis

cellaneous second-hand stores (s)18 Personal business services n e e . (s)

VIII Transportation -1 User-operated transportation -

a. New cars and net purchases of usedcars (dc) -

b Tires and tubes (dc) -c Parts and accessories (dc)d. Automobile repair, greasing, washing,

parking, storage, and rental (s)e. Gasoline and oil (ndc) _ - _/. Bridge, tunnel, ferry, and road tolls

(s)g. Automobile insurance — net payments

(S)2. Purchased local transportation - -

a. Street and electric railway and localbus (s) - --

b Taxicab — fares and tips (s)c Steam railway — commutation (s)d. Ferry — foot passengers (s)

3. Purchased intercity transportation.a. Steam railway (excluding commuta-

tion) (s) -b. Sleeping and parlor car — fares and

tips (s)c Intercity bus (s)d Air line (s)e. Coastal and inland waterway (s)/. Baggage transfer, carriage, storage,

and excess charges (s)4. Luggage (dc) - -

IX. Recreation _. _ _ _1. Admissions to specified spectator amuse-

ments _a. Motion-picture theaters (s) . .6. Legitimate theaters and opera (s)c. Entertainments of nonprofit organi-

zations, except athletics (s) ._d Professional baseball (s).._e. Professional football (s)/. Professional hockey (s)g Horse and dog race tracks (s)h College football (s)i. Other amateur spectator sports (s) . _ .j. Ticket brokers' mark-up on admis-

sions (s) _ _ _k Purchase of programs (s)

2. Pari-mutuel net receipts (s)_ -3. Non vending coin machines — receipts minus

pay-off (s)

1944

5, 5761,072

3211,333

7087951257574

26

799

442

211

41417176122

4,523

1157209

250

6

21158

1033536

1,1861,4001,336

6461744933

1725

5,5852,661

352j- 426

4961,206

35

1461, 730

1,297370576

1,077

626*

503373220

12117

5,314

1,4061,175

82

481734

143225

42

131

121

1945

5,9411,150

3371, 366

7298154257982

26

893

452

250

48464177133

4,850

10672011

229

7

30162

1063933

1,3251,4241,353

71670468

34

1826

6,4203,426

429615

5621,616

43

1611,751

1,314372

596

1,108

642

46336

5418

12135

6,021

1, 5311,259

80

542346

224430

63

153

128

1946

6,7241,299

3831,500

8118958278783

28

1,084

573

297

48517185168

5,495

111032715

199

7

27572

1074229

1,4831,6761,589

87761598

42

1929

11, 7988,541

2,9981,487

8142,950

59

2331,953

1,330554636

1,098

585

4533510420

9206

8,625

1,8371,427

91

6857127

407847

55

263

147

1947

7,4151, 355

3831,650

90798<>330965)4

:ni, 3:13

<>73

342

->0526201181

6, 022

:i41232610

2,'l>

8

22774

1074529

1, 5171, 8331,731

102817837

47

2032

15, 46712, 171

5. 5:121, 685

9053, 601

1:3

3io2,012

1,327614656

1,053

557

473121!721

9221

9, 3»50

1,8321. 380' 103

;-o(18j.3

41«S8,>2

46

238

154


July 1948 SURVEY OF CUKEENT BUSINESS 25

Table 30.—Personal Consumption Expenditures by Type of Product, 1944-47—Continued

Group

IX. Recreation — Continued4. Specified commercial participant amuse-

mentsa. Billiard parlors and bowling alleys

(s)6. Dancing, riding, shooting, skating,

and swimming places (s)c. Amusement devices and parks (s)d. Daily fee golf courses — greens fees (s) _ _e. Golf instruction, club rental, and

caddy fees (s)/. Sightseeing busses and guides (s)q Private flying operations (s)

5. Informal recreation ___ -a. Books and maps (dc)&. Magazines, newspapers, and sheet

music (ndc)c Book rental and repair (s)d. Nondurable toys and sport supplies

(ndc)e. Wheel goods, durable toys, and sport

equipment (dc)f Boats and pleasure aircraft (dc)g. Boat and bicycle rental, storage, and

repair (s)h. Radios, phonographs, parts, and

records (dc)i. Pianos and other musical instruments

(dc)j. Radio repair (s) _ _ _k. Photo developing and printing (s)I Photographic studios (s)m. Collectors' net acquisitions of stamps

and coins (s)n. Hunting dog purchase and training,

and sports guide service (s)o. Veterinary service arid purchase of

pets (s)6. Flowers, seeds, and potted plants (ndc)7 Camp fees (s)8 Clubs _ --

a. Athletic and social — dues and fees (s) _b. School fraternities— dues and fees (s)_

1944

224

83

482220

4812

2, 653442

8216

486

27010

9

i 256

7052

172

10

12

37391

29250

7811

1945

258

87

562522

6143

3,042524

8897

595

32912

11

266

8461

201

10

15

3845831

29810413

1946

340

112

763229

8155

4,878618

9998

925

60964

14

1,126

11476

252

10

22

4157738

37313721

1947

363

118

803431

876

5,523611

1,1118

1,008

71365

15

1,393

13190

298

10

24

4662739

40314926

Group

IX. Recreation— Continued8. Clubs— Continued

c. Fraternal, patriotic, and women'sorganizations except school andinsurance — net payments (s)_. _ _ _

d Luncheon clubs (s)9. Commercial amusements n. e. c. (s) -

X Private education and research1. Higher education (s) . .2 Elementary and secondary schools (s)3. Commercial, business, and trade schools-

fees (s)4. Correspondence schools — fees (s)5. Other instruction (except athletics)— fees (s)_6. Foundation expenditures for education and

research (s)XI. Religious and welfare activities _ _

1 Religious bodies (s)2. Social welfare and foreign relief agencies (s)__3 Museums and libraries (s)4. Foundation expenditures (except education

and research) (s)5. Political organizations (s)

XII Foreign travel and remittances — net1. Foreign travel and remittances by United

States residentsa. Payments to United States vessels

(s)b. Other foreign travel expenditures (s).c. Expenditures by United States Gov-

ernment personnel (military andcivilian) (ndc)

d. Personal cash remittances to foreigncountries (s)

2. Less: Expenditures and remittances by for-eigners

a . E xpenditures in the United States (s) _b. Personal cash remittances to the

United States (s)Total personal consumption expenditures

Durable commodities „.Nondurable commoditiesServices

1944

15110

109927372244

1512284

541,594

75077516

1835

1,004

1,218

3172

822

221

214169

45111,401

6,89067,47337, 038

1945

17011

122863362246

7022

109

541,619

78379316

189

1,587

1,884

5229

1,394

256

297203

94122, 830

8,25475, 36739, 209

1946

20114

1721,027

471271

6225

142

561,610

816738

17

1920

798

1,201

38390

479

294

403279

124147, 36316, 24287,47843,643

1947

21117

1811,086

509279

6227

152

571,615

884685

17

209

722

1,226

67526

389

244

504359

145164, 75520, 96396, 48747,305

Table 31.—New Construction Activity, by Type, 1944-47[Millions of Dollars]

Total new construction activity

New private construction activityResidential (nonfarm)Nonresidential building, except farm and public

utilityIndustrial - -CommercialInstitutionalOther

Public utilityFarm construction _ _ _ _ _. _ _ _ _

Residential - -Nonresidential

New public construction activitv _ _ __ _ResidentialNonresidential building _ ._ _ _

IndustrialInstitutionalPublic AdministrationOther _

Military and naval - - -HighwayAll other

1944

4,136

1,823535

350208

594637

72521313677

2,313190638507991121

837346302

1945

4,808

2,716684

1,0146422108874

82719111675

2,09271

6524701441523

690386293

1946

10, 458

8,2533,183

3, 3461,6891,162

268227

1,374350212138

2,20536932584

1861639

188772551

1947

13, 977

10, 8935,260

3,1311,702

878389162

2,052450250200

3,08418250525

3564183

2041,233

960

Table 33.—Net Change in Business Inventories, 1944-47[Millions of dollars]

Table 32.—Producers' Durable Equipment, 1944-45[Millions of dollars]

Net change in business inventories, totalFarm -Nonfarm

Net change in nonfarm inventoriesCorporateNoncorporate, - .

Change in book valueCorporate . _. .Noncorporate

Inventory valuation adjustmentCorporate _ -Noncorporate

Net change in nonfarm inventories by industrialgroups.-- - _ _ -

ManufacturingChange in book valueInventory valuation adjustment

Wholesale tradeChange in book value _ _Inventory valuation adjustment

Retail tradeChange in book value _._Inventory valuation adjustment

Allother- ...Change in book valueInventory valuation adjustment

1944

-1,354—549—805—805

—1 076271

—460—782

322—345—294

—51

—805—964—750-214

80109

—2945

118-73

3463

-29

1945

-1,342—361—981—981

— 1 07594

—306—462

156—675—613

—62

—981— 1,695— 1 199

-496457530

—7376

138—62181225

—44

1946

4,771—2615 0325 0323 9831 049

11 4399,0112 428

—6, 407—5 028— 1 379

5 0322,3435,506

-3, 163522

1,607—1,085

1 9213,714

—1, 793246612

—366

1947

618—2 125

2 7432 7432 172'571

8 9867,2471 739

—6, 243—5 075— 1 168

2 7431,3314 744

-3, 413735

1,722—987

5981,952

— 1,35479

568—489

To to.1 producers' durable equipment

Special industry machineryAlining machinery -Construction machineryMetal working machinery _ _ _Pumps and pumping equipmentGeneral and miscellaneous machinery and equipmentEngines and turbines _ -Farm machinery and equipmentTractors - - - -Electrical apparatus and equipmentOffice machineryNonresidential furniture and equipmentProfessional and scientific equipmentTools _ _ -. -Durable containersMiscellaneous subsidiary durable equipment _ .__ ___Business motor vehiclesRailroad and transit equipmentShips and boats ._ _ - _ ._AircraftLess: Government purchases, not allocable - - _ ._

1944

5 402

71616818017023947873

629316635174282134178182139335385170

0181

1945

7,272

85320425432531467691

7673897242343481451602202348393781781273

Table 34.—Supplements to Wages and Salaries, 1944-47[Millions of dollars]

Total supplements to wages and salaries

Employer contributions for social insurance -Old-age and survivors insuranceState unemployment insuranceFederal unemployment tax _ _Railroad retirement insuranceRailroad unemployment insuranceFederal civilian employee retirement systemsState and local employee retirement systemsGovernment life insurance

Other labor incomeCompensation for injuries ___ _Employer contributions to private pension and wel-

fare funds _ _Pay of military reservistsOther

1944

4,237

2,935648

1 177184140129190212255

1 302443

7241

134

1945

5,352

3,803630

1 Oil174140130225225

1 2681 549

478

8815

185

1946

5,584

3,951686893184163139238235

1 4131 633

496

97427

136

1947

5 342

3 520779

1 029210271143239250599

1 822526

1,06414191

794877—48 4Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

26 SUKVEY OF CURRENT BUSINESS July 1948

Table 35.—Employee Contributions for Social Insurance, 1944-47


Total employee contributions for social insurance. .

Old-age and survivors insuranceState unemployment insuranceRailroad retirement insurance .Federal civilian employee retirement systemsState and local employee retirement systemsCash sickness compensation fundsGovernment life insurance . . .

1944

2,236

64890

140282139

5932

1945

2,334

63085

140295150

41,030

1946

1,986

68644

16326316548

617

1947

2,068

77933

27124618056

503

Table 36.—Transfer Payments, 1944r-47[Millions of dollars]

Total transfer payments

Federal government _ _ _ _ . . __Benefits from social insurance funds

Old-age and survivors insurance benefitsState unemployment insurance benefitsRailroad retirement insurance benefitsRailroad unemployment insurance benefitsFederal civilian pensions. _Government life insurance benefits

Direct reliefMilitary pension, disability, and retirement pay-

mentsAdjusted compensation benefitsMustering-out payments to discharged servicemen

and terminal leave benefitsReadjustment, self-employment, and subsistence al-

lowances to veterans *Other2 . -.-

State and local governmentBenefits from social insurance funds...

Government pensionsC ash sickness compensation. __

Direct reliefSpecial types of public assistance .General assistance

OtherBusiness

Corporate gifts to nonprofit institutionsConsumer bad debtsOther ..

1944

3,627

1,83866421862

1371

130116

6487

230

5284

1,244223218

5942853

8979

545234165146

1945

6,150

4,3001,336

287446146

2183272

1,013189

1,403

142217

1,318233228

59889018797

532266149117

1946

11,413

9,2102,357

3871,095

15940

348328

1,68918

2,131

2,781234

1,625245240

51,1771,057

120203578266149163

1947

11, 676

8,8642,140

47977521439

281352

2,1806

1,578

2,605355

2,200277255

221,4781,314

164445612266149197

1 In 1946-47, includes interest on guaranteed loans to veterans.2 Includes enemy alien and civilian war assistance.

Table 37.—Monetary and Imputed Interest, 1944-47


Net interest (component of national income)Originating in private business

Monetary interest paidImputed interest paidLess' Monetary interest receivedLess* Imputed interest received

Originating in households and institutions. .Monetary interest paid

Originating in rest of the worldMonetary interest received from abroadLess : monetary interest paid to abroad

Personal interest income (component of personal income) -Net interest (component of national income)Net interest paid by government

Monetary interest paid __ __ _Less* Monetary interest received

1944

3,1442,4844,5433,4504,759

75054254211814931

5,9473,1442,8033,8891,086

1945

3,0052,3134,5893,7575,241

79256256213016838

6,6703,0053,6654,9161,251

1946

3,4172,5595,1444,1675,772

98069169116720639

7,8833,4174,4665,7831,317

1947

4,2933,1546,1214,5466,3531,160

93193120824840

8,7324,2934,4395,8281,389

Table 38.—Reconciliation of Department- of Commerce Estimatesof Corporate Profits with Bureau of Internal Revenue Tabulations,1944-45


Compiled net profit, Bureau of Internal RevenuePlus depletion, Bureau of Internal RevenuePlus net capital loss, Bureau of Internal RevenuePlus net loss, sales of property, other than capital assets, Bureau of

Internal RevenueLess net capital gain, Bureau of Internal RevenueLess net gain, sales of property, other than capital assets, Bureau of

Internal RevenueLess domestic dividends received, Bureau of Internal RevenueLess foreign dividends received, Bureau of Internal RevenuePlus "rest of the world" industry, CommercePlus profits disclosed by audit, CommerceLess profits of mutual life insurance companies based on Bureau of

Internal RevenueLess profits of mutual nonlife insurance companies, Bureau of Internal

RevenueLess foreign income tax on branch profits, CommercePlus State income taxes, CommercePlus profits of Federal Reserve banks, Federal Reserve BoardLess gross renegotiation refunds, Bureau of Internal RevenueLess emergency amortization acceleration, CommercePlus war losses, Commerce

Profits before taxes, Department of CommerceLess Federal income taxes, Bureau of Internal RevenueLess State income taxes, CommerceLess taxes resulting from audit, CommercePlus tax refunds resulting from renegotiation, Bureau of Internal

RevenuePlus tax refunds resulting from emergency amortization acceleration,

CommerceLess income taxes, Federal Reserve banks, Federal Reserve BoardPlus taxes paid by mutual nonlife insurance companies, Bureau of

Internal RevenueLess unjust enrichment tax, CommerceLess excess profits tax, Vinson Act, CommercePlus foreign income tax on dividend income, CommercePlus foreign income tax on branch profits, CommercePlus carry-back tax refund, Commerce

Profits after taxes, Department of Commerce

1944

26, 546712

504428

1401,429

14596

1,670

1,118

1643

45955

1,478912

24,33314,884

4591,020

1,106

5043

93410,8

1945

21,345693

464923

1821,419

18417

1, 640

1,206

1844

44794

385

20,38910,78,5

4478S7

255

5244

1398,748

Table 39.—Major Items of Personal Income and Personal Con-sumption Expenditures in Kind, 1944—47


Personal income and consumption expenditures in kind_.Food furnished Government (including military) and

commercial employeesStandard clothing issued to military personnel ..Meals furnished domestic servants and nursesNet rent of owner-occupied farm and nonfarm dwell-

ingsServices furnished without payment by financial

intermediaries except insurance companies _ __Employees' lodging

Personal income and consumption expenditures partiallyin kind _

Food produced and consumed on farmsFuel produced and consumed on farms

Personal consumption expenditures in kind not includedin personal income

Depreciation of owner-occupied farm and nonfarmdwellings

Taxes on owner-occupied farm and nonfarm.dwellings_Institutional depreciation

1944

8,348

2,4021,713

214

2,715

1,186118

2,0661,940

126

2,610

1,3311,079

200

1945

9,062

2,7581,744

213

2,897

1,325125

2,2022,080

122

2,799

1,4051,191

203

1946

6,636

1,334495229

2,976

1,483119

2,6362,504

132

2,922

1,5131,203

206

1947

6,32

1,011930

3,17

1,5112

2,942,75

19

3,26

1,651,39

20



Table 40.—National Income by Distributive Shares, Quarterly, 1944-47


National income _ .Compensation of employees _

Wages and salariesPrivate _MilitaryGovernment civilian. __

Supplements to wages and salariesProprietors' and rental income .

Business and professional .FarmRental income of persons

Corporate profits and inventory • valuation adjust-ment

Corporate profits before taxCorporate profits tax liability

Inventory valuation adjustment.Net interestAddendum: Compensation of general government

employees

I

44.629.228.220.34.63.21.08.43.73.01 6

6.16.23.4

—.18

7.7

II

45.730.029.020.65.13.31.18.63.83.11 7

6.26.33.5

—.18

8.2

1944

III

45.730.529.421.05.43.01.18.43.92.81 7

6.06.13.42. 7.08

8.2

IV

46.531.430.321.35.63.31.18.74.03.01 7

5.65.73.22. 5.08

8.8

Year

182. 4121.1116.983.320.712.84.2

34.115.411.96 7

24.024.313.5

-.33 1

32.9

I

47.331.530.321.25.83.31.39.14.13.31 8

6.06.13.4

-.17

9.1

II

47.731.830.421.25.93.41.49.04.13.11.8

6.16.33.5

-.17

9 3

1945

III

44.330.629.220.25.93.11.48.84.22.91 7

4.24.42.5

-.27

9.2

IV

42.429.027.719.54.93.21.49.14.43.01 7

3.43.62.2

-.28

8.3

Year

181.7122.9117.682.022.513.05.4

36.016.812.37 0

19.820.411.6

-.63 0

35.9

I

41.527.426.020.02.93.11.49.84.73.41 7

3.53.81.7

-.38

6.1

II

44.028.827.422.11.93.31.49.84.93.31.6

4.55.12.1

-.68

5.4

1946

III

45.529.928.523.91.63.01.4

10.75.33.81.7

3.95.92.4

-2.09

4.6

IV

48.431.129.825.01.33.51.3

11.45.64.11.7

4.97.02.8

-2.19

4.7

Year

179.3117.3111.791.07.8

12.95.6

41.820.414.66.7

16.821.89.0

-5.03 4

20.9

I

48.830.729.324.61.13.61.5

11.65.64.21.8

5.47.22.9

-1.81.0

4.4

II

49.931.429.925.71.03.21.4

11.25.73.71.7

6.37.22.8

-.91.1

4.4

1947

III

50.232.030.726.7

.93.11.3

11.15.73. 61.8

6.17.32.8

-1.21.1

3.8

IV

53.633.432.227.7

.93.61.2

12.26.24.11.9

6.98.13.2

-1.21. 1

4.2

Year

202.5127.5122.2104.7

3.913.65.3

46.023.215.67.1

24.729.811.7

-5.14.3

16.8

Table 41.—National Income by Distributive Shares, Seasonally Adjusted Quarterly Totals at Annual Rates, 1944—47


National income __ _ . .Compensation of employees

Wages and salariesPrivateMilitaryGovernment civilian. __

Supplements to wages and salariesProprietors' and rental income

Business and professionalFarmRental income of persons

Corporate profits and inventory valuation adjust-ment

Corporate profits before tax _ _Corporate profits tax liabilityC orporate profits after tax _ _

Inventory valuation adjustmentNet interest _ _ - - _ _Addendum: Compensation of general government

employees

I

179.9118.0114 182.818.612.73.9

33.715.012 26.6

25.025.414.111.3— 43.2

30.4

II

182.1119.8115.682.620.212.84.2

34.415.212.46.7

24.725.114.011.2— . 43.2

32.3

1944

III

182.7122.3117 983.421.513.04.4

33.515.511.36.7

23.823.913.310.6

.23.1

33.9

IV

184.9124.4119 984.522.512.94.5

34.816. 111.86.9

22.722.912.810.1—.23.0

35.0

Year

182.4121. 1116 900 0

20.712.84.2

34.115.411.96.7

24.024.313.510.8—.33.1

32.9

I

190.9127.3122.486.323.013.15.0

36.416.313.07.0

24.224.714.210.5—.63.0

36.0

II

190.1126.8121.484.823.613.15.4

36.116.612.57.1

24.224.814.310.6—.63.0

37.0

1945

III

177.8122.6117.280.023.813.55.4

35.116.711.57.0

17.017.610.17.6

—.63.0

37.8

IV

168.0114.7109.077. 119.512.45.7

36.617.612.16.9

13.714.48.06.3

—.73.1

32.6

Year

181.7122.9117.682.022.513.05.4

36.016.812.37.0

19.820.411.68.7

—.63.0

35.8

I

167.9111.5105.881.811.612.45.7

39.118.713.66.8

14.115.36. 39.0

— 1.23.1

24.3

II

175.0114.6108.988.47.8

12.75.7

39.419.613 26.6

17.820.38.3

12.0—2.6

3.3

20.9

1946

III

182.1119.9114.494.86.4

13.25.5

42.921.115.26.6

15.823.79.8

13.9—7.9

3.5

19.6

IV

192.0123.0117.598.75.3

13.55.5

45.622.416.46.8

19.628.011.616.5

—8.53.8

18.6

Year

179.3117.3111.791.07.8

12.95.6

41.820.414.66.7

16.821.89.0

12.8—5.0

3.4

20.8

I

197.3125. 0119.3101.7

4.313.35.7

461422.516.97.0

21.828.911.417.5

—7.14.1

17.4

II

199.3125.3119.6102.3

3.913.45.7

44.622.714.97.0

25.228.811.317.5

— 3. 64.2

17.0

1947

III

200.6127.6122 5105.3

3.713.55.1

44.423.014 37.1

24.329.111.417.7

—4 84.4

16.2

IV

212.8132.2127 1109.5

3 614.05 0

48.624.716 57.4

27.532.412.719.7

—4 94.5

16.5

Year

202. 5127 5122 2104 7

3 913. 65 3

46.023 215 6-7.1

24.729.8.11.718.1

—5 14.3:

16. 8

Table 42.—Gross National Product or Expenditure, Quarterly, 1944-47


Gross national product _ _Personal consumption expenditures

Durable goods .Nondurable goods - - _Services

Gross private domestic investmentNew construction _ __.

Residential nonfarmOther

Producers' durable equipment - - _ . „Change in business inventories — total. .

Nonfarm onlyN e t foreign investment _ _ _ _ . _ _ _ _ _ _Government purchases of goods and services

Federal _WarNonwar - _ - -Less* Government sales

State and local _ _

I

50.625 51.4

15.09 02.1.5.13

1.2.4.6

-.723 821.921 9

.33

1.9

II

51.827 11.6

16.29 31.3.6.15

1.4-.7—.5-.724 222.222 1

.43

2.0

1944

III

53.627 61.6

16.89 32.2.7.16

1.4.2.3

-.324 022.322 2

.53

1.7

IV

56 231 22.3

19.49 5.8.6.15

1.5-1.2— 1 2

—.424 622.622 5

.43

2.0

Year

212 2111 4

6.967.537 06.42.3

51 85.4

-1.4— 8

-2.196 589.088 61.61 27.5

I

54.328 51.6

17.29 71.8.5.14

1.5-.2— . 1—.724.722.722 7

.33

2.0

II

55.029 31.8

17.89 82.0.7.16

1.6-.4-.3-.7 •24.422.422 4

.33

2.0

1945

III

52.930 11.8

18.59 83.2.9.27

1.9.4.5

-.319 918.018 5

.37

1.9

IV

51.234 93.0

21.910 02.21.1

38

2.2-1.1— 1 1

.213 911.712 3

.28

2.2

Year

213.4122 8

8.375 439 29.23.3

72 67.3

-1.3— 1 0-1.482 874.875 91.02 28.0

I

47.332 42.7

19 210 55.41 5

41 02.21.81 8.7

8 86.57 0.37

2.2

11

50.135 33.6

20 910 86.12 1

71 43.1.99

1.37 45.05 5.5

1 12.5

1946

III

53.737 24.2

21.911. 17.92.71.01 73.51.71.71.37 34.84.7.86

2.5

IV

58.242.55.7

25.411.47.12.61.01 64.0.5.6

1.37.34.54.0.9.4

2.8

Year

209.3147 416.287.543.626.58.93.25 7

12.84.85.04.7

30.820.821.22. 5\2 9J

10.0

I

54.737 64.4

21.611.68.22.2

91 34.21.82.32.26 73.94 4. 5

2.8

II

56.240 35.0

23.611.76. 32.61 11 54.5-.8—.22.67.03.94.3.3

3.1

1947

III

56.440 55.0

23.711 96.93.31 51 84.2-.7

.02.17 03.94 2. 2

3.0

IV

64.446 46.5

27 712 28.63 61 81 74 8.27

2.07 33.94 1.2

3 4

Year

231 &164 821 096 547 a30 0'11 75 36 4

17 8.6

.278 9

28 015.616 91.1

12 3


28 SURVEY OF CURRENT BUSINESS July IMS

Table 43.—Gross National Product or Expenditure, Seasonally Adjusted Quarterly Totals at Annual Rates, 1944-47[Billions of dollars]

Gross national product-Personal consumption expenditures...

Durable goods _ _ _ _ _Nondurable goodsServices _

Gross private domestic investmentNew construction ._ . __

Residential nonfarmOther

Producers' durable equipmentChange in business inventories — total. _

Nonfarm onlyNet foreign investmentGovernment purchases of goods and services

FederalWar_ _. ._NonwarLess; Government sales

State and local

I

205. 8106.5

6.564.036.07.02.4.7

1 64.8-.2

.7-2.795 087.587.51. 11.07.4

II

208.3109.9

6.766.336.95.12.3.6

1 85.5

-2.7-2.1-2.996.388.888.41.61 27.5

1944

III

216.1113.4

7.069.137.46.92.3.4

1 95.5

9K

-1.296.989.388.62.01 37.6

IV

218.7115. 8

7.470.537.96.52.4.4

2.05.8

-1.7-1.4-1.698.090.490.01.61.27.6

Year

212.2111.4

6.967.537.06.42.3.5

1.85.4

— 1.4-.8

-2.196.589.088.61.61 27.5

I

220.7119.0

7.673.038.45.92.4.4

2 16.0

-2.5-2.2-2.798 590.890.91.01 i7.6

II

221.6119.4

7.772.938.97.82.9.5

2 46.5

-1.6— 1. 1-2.897 289.589.8

1. 11 37.7

1945

III

213.8123.7

8.176.339.411.03.4.7

2.67.7-.1

.4—1.280.272.173.91.12.98.1

IV

197.4129.2

9.779.340.212.24.61.23 48.8

— 1.3— 1.0

.955.246.849.2

.93 48.4

Year

213.4122.8

8.375.439.29.23.3. 7

2 67.3

-1.3-1.0— 1.482 874.875.91.02 28.0

I

196.1136. 812.282 841.821.37.22.34 98.85.35.43.0

35 126.227.91.23 09.0

II

202.8143.115 285.042.825. 18.72.95.8

12.34.14.25.3

29 319.822.21.94 29.5

1946

III

215.6152.618.090.144.528. 19.63.66 0

13.94.64.95.3

29 719.318.73.22 6

10.4

IV

222.4157.019.592 045.531.310.13 96 2

16.25.05.65 1

29 017.916.03.61 7

11.1

Year

209.3147.416.287 543.626 58.93 25 7

12.84.85.04.7

30 820.821.22.52 9

10.0

I

226.4158.119.692.546.032.610.84.56 3

16.65.26.88.8

26 915.6

\17 7j l * . <2.1

11.3

II

228.3164.221.196.346.726.410.34.36 0

17.9-1.8

.810.227.615.717.01.4

11.9

1947

III

227.9165.621.196 847.725.611.65.26 3

17.6-3.5-.98.4

28 315.716. 6

.912.6

IV

243. 8171.122. 1

100 248.835.414.07.06 9

18.92.54.28.2

29 015.516.3

813.5

Year

231. 6164. 821.096. 547.330 011.75.36.4

17.8.6

2.78.9

28.015.6

16. 9

1.312.3

Table 44.—Disposition of Personal Income, Quarterly, 1944—47[Billions of dollars]

Personal income . . _ _ _ . _ _Less; Personal tax and nontax payments


Equals* Disposable personal incomeLess: Personal consumption expenditures _ _ _Equals: Personal saving

I

39.85.24.8

434.625.59.1

II

40.96.05.6

434.927.17.8

1944

III

41.04.44.1

336 627.69.0

IV

42.73.33.0

339.531.28.2

Year

164. 518.917.51 4

145.6111.434.2

j

42.78.58.0

434.328.55.8

II

43.24.94.5

438.429.39.0

1945

III

41.93.93.6.3

37.930.17.9

IV

42.53.73.3

338.834.93.9

Year

170.320.919.41 5

149.4122.826.6

I

41.67.67.1

534.032.41.6

II

43.63.42.9

440.235.35.0

1946

III

45.24.33.9

440.937.23.7

IV

47.73.73.3

444.042.51.5

Year

178.118.917.21 7

159.2147.411.8

I

47.08.78.2

638.337.6

.7

II

47.64.03.5

543.640.33.3

1947

III

48.94.74.3

444.240.53.7

IV

51.74.23.7

447.646.41.2

Year

195.221.619.72 0

173.6164.8

8.8

Table 45.—Disposition of Personal Income, Seasonally Adjusted Quarterly Totals at Annual Rates, 1944—47


Personal incomeLess: Personal tax and nontax payments


Equals* Disposable personal incomeLess* Personal consumption expendituresEquals: Personal Saving _ _ _ _

I

161.318.917.51 4

142.4106.535.9

II

163.318.817.51 4

144.5109.934.6

1944

III

164.818.917.51 4

145.9113.432.5

IV

168.419.017.61.4

149.3115.833.6

Year

164.518.917.51 4

145. 6111.434.2

I

172.821.419.91 5

151.5119.032.5

II

172.521.319.81. 5

151.3119.431.9

1945

III

168.620.719.21.6

147.9123.724.2

IV

167.420.318.71.6

147.1129.217.9

Year

170.320.919.41.5

149.4122.826.6

I

168.817.916.21 6

150.9136.814.2

II

173.618.717.01.7

154.9143.111.8

1946

III

181.719.217.51.7

162.5152.610.0

IV

187.319.717.91.8

167.6157.010.6

Year

178.118.917.21 7

159.2147.411.8

I

190.921.219.31.9

169.7158.111.6

II

189.621.419.41.9

168.2164.2

4.1

1947

III

196.721.719.82.0

175.0165.6

9.4

IV

203.122.220.2

2 0180.9171. 1

9.7

Year

195. 221. 619.72.0

173. 6154.8

8.8

Table 46.—Relation of Gross National Product, National Income, and Personal Income, Quarterly, 1944-47[Billions of dollars]

Gross national productLess* Capital consumption allowances

Indirect business tax and nontax liabilityBusiness transfer paymentsStatistical discrepancy

Plus: Subsidies less current surplus of Government enter-prises

Equals: National incomeLess: Corporate profits and inventory valuation adjust-

mentContributions for social insuranceExcess of wage accruals over disbursements

Plus* Government transfer paymentsNet interest paid by GovernmentDividendsBusiness transfer payments

Equals: Personal income

I

50.62 93. 1.1. 1

244.6

6.11.3

2.76

1.01

39.8

II

51.89 Q

3.5.12

.245.7

6.21.3.0.87

1 l1

40 9

1944

III

53.63 03.7.1

1.2

. 145.7

6.01.3.087

LI1

41 0

IV

56.23 13.7.1

3.0

246.5

5.61.3.0.87

1.5

42 7

Year

212.211 94.0.5

4.1

. 7182.4

24.05 2-.23 12 84 7

5164 5

I

54.33 23.7.1.2

.247.3

6.01 5.098

1 01

42 7

II

55.03 23.8.1.1

. 147.7

6.11.6.0

1 01 01 1

143 2

1945

III

52.93.34.0.1

1.4

.244.3

4.21.5.0

1.29

1. 11

41.9

IV

51.22.74.2.1

2.3

.442.4

3.41.5.0

2.51 01.5

142 5

Year

213.412 415.6

.54.0

.8181.7

19.86. 1.0

5.63 74 7

5170 3

I

47.32 84.1.1

—.7

.441.5

3.51.6.2

3 01 11 2

141.6

II

50.12.94.3.1

—.7

.544.0

4.51.6-.22.81 31.3

143 6

1946

III

53.73.04.5.1.5

.045.5

3.91.4.0

2.61 01 3

145 2

IV

58.23. 14.7.2

1.9

.048.4

4.91.4.0

2.51 11.9

247.7

Year

209.311 817.5

.61.0

.9179.3

16.85.9.0

10.84 55.6

6178. 1

I

54.73 24.4.2

—1.9

.048.8

5.41.6.0

2.61 i1.5

247.0

II

56.23.34.5.2

—1.6

.149.9

6.31.5.0

2.51 31.6

247.6

1947

III

56.43 34.7.2

-2.0

—.150.2

6.11.3.0

3.31 01.6

248.9

IV

64.43 45.0.2

-2.1

—.153.6

6.91.2.0

2.71 12.2

251.7

Year

231. 613 3"18. 5

.6-3.4

— . 1202. 5

24.75.6.0

11. 14.46.9.6

195. 2



Table 47.—Relation of Gross National Product, National Income and Personal Income, Seasonally Adjusted Quarterly Totals atAnnual Rates, 1944-47


Gross national productLess: Capital consumption allowances

Indirect business tax and nontax liabilityBusiness transfer paymentsStatistical discrepancy

Plus: Subsidies less current surplus of Government enter-prises

Equals: National incomeLess: Corporate profits and inventory valuation adjust-

mentContributions for social insuranceExcess of wage accruals over disbursements

Plus: Government transfer paymentsNet interest paid by Government -DividendsBusiness transfer payments _ .. .

Equals* Personal income

i205 811.412.8

52 0

7179.9

25.04.9-.83.02.54.5.5

161 3

II

208.311.714.1

5.6

7182.1

24.75. 1.0

3.12.74.6.5

163 3

1944

III

216 112.014.5

6 9

6182.7

23.85.3.0

3.02.94.7.5

164 8

IV

218.712.314.8

57.0

8184.9

22.75.4.0

3.23.14.7.5

168 4

Year

212.211.914.0

54.1

7182.4

24.05.2-.23.12.84.7.5

164 5

I

220. 712.614.9

.52.4

. 7190. 9

24.25.8.0

3.43.34 7.5

172 8

n

221.612.915.4

52.9

2190.1

24.26.2.0

4.23.54.7.5

172 5

1045

III

213.813.215.7

57.5

9177.8

17.06.2.0

5.03.84.8.5

168 6

IV

197.410.816.4

53.2

1 6168.0

13.76.3.0

9.94.14.9.5

167 4

Year

213.412.415.6

54.0

8181.7

19.86.1.0

5.63.74.7.5

170 3

I

196.111.116.7

51.6

1 8167.9

14.16.1.8

11.94.45.1.5

168 8

II

202 811.617.2

6.4

2 0175.0

17.86. 1-.911.14.55.4.6

173 6

1946

III

215.612.117.9

63.0

i182.1

15.85.8.0

10.64.55.6.6

181 7

IV

222.412.518.3

6-.9

0192.0

19.65.7.0

9.74.55.9.6

187 3

Year

209.311.817.5

.61.0

.9179. 3

16.85.9.0

10.84.55.6.6

178 1

I

226.412.818.0

.6—2.4

—.1197.3

21.86.2.0

10.14.46.4.6

190 9

II

228.313.318.1

.6-2.7

.3199.3

25.26.1.0

9.94.46.7.6

189.6

1947

III

227.913.418.4

.6-5.4

-.3200.6

24.35.2.0

13.64.56.9.6

196 7

IV

243.813.819.4

.6-3.3

—.4212.8

27.55.1.0

10.64.57.1.6

203 1

Year

231. 613.318.5

.6—3. 4

— 1202. 5

24.75.6.0

11.14.46.9.6

195.2

Table 48—Personal Income, Seasonally Adjusted Monthly Totals at Annual Rates, 1944-1947


1944:January . _ _ _ . . .FebruaryMarch,. . . . , _ _ _ _ _ _ _ _ _ .April .MayJuneJulyAugust _ , _ .SeptemberOctoberNovemberDecember . , , _

Total1945:

January . _FebruaryMarch, _ _AprilMav_. . -June__July . .AugustSeptember . . . , , , ,OctoberNovemberDecember -

Total1946:

JanuaryFebruary, . . ,MarchAprilMavJune . _ .. . _July,.AugustSeptember .. , ._ ,,October , ,NovemberDecember

Total..1947:

JanuaryFebruary ._MarchApril.. _ _ .MayJuneJulyAugustSeptember _ . . __ _ _.OctoberNovember. _ _December

Total--

Personalincome

158.9162.1162.7162.0163.4164.6164.4165.3164.7167. 1168. 4169. 4164.5

171.6173.3173.7172.1171.6173.7173.6169 1163.3165.4168.6168.3170.3

169. 6167.4169. 7172 1173.5175.2182.1182.9179.9185.4187.4189. 4178. 1

191.0191.3190.6187.9188.6192.4193. 2190.8206.2200.0201.4207.7195.2

Wage and salary receipts

Total

111.7113.4113.0112.5113.3114.3115.4115.7115.7116.7117.5118. 4114.8

119.8119.7120. 6119.4118.5119.0119.6115. 6109. 5107.9107. 2105.2115. 2

103. 2101.2104.6106. 6107.7109. 1110. 6113. 0113.5114. 3115.7117. 1109. 8

117. 1117.3117.3115. 7117.0119.6119.4120.1121. 9122. 7125. 5127. 4120. 1

Wage and salary disbursements

Totaldis-

burse-ments

113.8115.6115.2114.7115.5116.6117.7118.0118.0119.0119.8120.7117.1

122.2122.1122. 9121. 8120. 9121.4122. 0117. 9111.8110.2109. 5107.3117.5

105.3103.2106.6108.7109.7111. 1112.6115.0115. 4116. 1117. 6119.0111.7

119.2119. 5119. 4117.9119.1121.7121.4122.2123.9124.7127.3129. 4122.2

Commod-ity pro-

ducing in-dustries

51.250.950.649.949.750. 150.049.949.850. 150.350.850.3

51.451.251.250.449.148.747.344.039. 138.539.339.645. 8

39. 138.242.443. 544.246. 446.849.149.750.150.952.246.1

53.253.353.352.452.954.053.654.355.455.957.459.254.6

Distrib-utive in-dustries

21.723.622.522.022.222.422.722.922.822.923.323.622.7

23.824.024.124.024.124.425. 024.824.825.126. 126. 624.8

27.728.528. 930.431.530.931.632.232.232.333.333.931.2

33.533.933.833.233.935. 035.235. 436.036. 037.137.435. 0

Serviceindus-tries

10.010.110.210.310.510.610. 710.710.610.610.910.810. 5

11.011.111.111.011.111.311. 611.611.711.812.212.211.5

12.512.913. 313.513.513.814.214.214.314.414.614.613.8

14.714.714.815.015.115.315.515.315.215.215.215.215.1

Govern-ment

30.931.031.932.533.133.534.334.534.835.435.335.533.5

36.035.836.536.436.637.038.137.536.234.831.928.935. 5

26.023.622.021.320.520.020.019.519.219.318.818.320.7

17.817.617.517.317.217.417.117.217. 317. 617.617. 617.4

Less em-ployeecontri-butions

forsocial in-surance

2.12.22.22.22.22.32.32.32.32.32.32.32.2

2.42.42.32.42.42.42.42.32.32.32.32.12.3

2.12.02.02.12.02.02.02.01.91.81.91.92.0

2.12.22.12.22.12.12.02.12.02.01.82.02.1

Otherlabor

income

1.11.21.21.21.31.31.31.41.41.41.41.41.3

1.51.51.51.51.51.61.61.61.61.61.61.61.6

1.61.61.61.61.61.61.61.61.61.71.71.71.6

1.71.71.81.81.81.81.81.81.91.91.91.91.8

Pro-prietors'

andrentalincome

32.933.934.333.934.534.833.433.933.234.535.034.934.1

35.437.236.636.136.236.035.735.234.435.437.137.336.0

39.539.838.139.039.339.945.443.839.645.045.845.941.8

46.646.845.844.544.245.145.342.845.047.547.151.346.0

Divi-dendsand

personalinterestincome

10.110.210.310.510.610.710.710.710.810.810.810.910.6

10.911.011.011.011.211.311.511.611.711.812.012,211.4

12.412.712.913.013.213.313.513. 613.713.814.114.413.5

14.714.915.015.215.315. 415.615. 616.215.916.116. 215.6

Transferpay-

ments

3.13.43.93.93.73.53. 63.63.63.73.73.83. 6

4.03.94.04.14.25.85.25.16.18.7

10.712.06.2

12.912.112.511.911.711.311.010.911.510.610.110.311.4

10.910.610.710.710.310.511.110.521.212.010.810.911.7

Nonagri-culturalincome

143.6146.1146.9146. 4147.4148. 5149. 5149. 9150. 3151.8152.9154.0149. 0

155.4155.7156. 9155.6155.6157.9158.1153. 6148.6150.6152.3151.8154.3

151.5149.3153. 4155.2156.6157.7159.7162.8164.2164.6166.2168.5159.4

168. 8169.6169.8168. 5169.6172.4172.9173. 1187.4179.7181.4184.2174.9



Changing Patterns of Fuel Consumption(Continued from p. 11)

the light of price developments in the decade prior to theoutbreak of the recent war. Between 1929 and 1939 thewholesale price of crude petroleum and refined productsdeclined by more than one-fourth, as supplies were aug-mented by the discovery of new fields both at home andabroad, and demand, while still growing in terms of secularchange, was nonetheless held down by the relatively lowlevel of income. Advances in technology were an addi-tional factor in the price decline. The prices of gas andanthracite also declined over this period—the former, largelybecause of the opening up of new natural-gas fields, and thelatter, because of its declining position in the field of resi-dential heating. Bituminous coal prices, on the other hand,rose between 1929 and 1939 despite the drop in the levelof income, primarily because of increased costs followingthe extension of unionization in the industry, and becauseof the efforts of the industry and Government toward pricestabilization.

Under wartime price control the price of gas drifted down-ward, while prices of coal and petroleum advanced by roughlythe same percentages, under the impact of increased costs.Since the first quarter of 1947, prices of petroleum movedup at a relatively faster rate than did those of bituminouscoal, while gas prices held steady. In May 1948 the BLSwholesale price index for petroleum was 56 percent higherthan in the first quarter of 1947 and 134 percent higherthan the index for 1939. The corresponding advances insoft coal prices were 27 percent and 86 percent, respectively.

Large Capital Expenditures

Both the aggregate demand and the postwar pattern offuel consumption and prices have given considerable impetusto capital-in vestment programs in all the fuel industries.In the case of petroleum and gas, additional facilities havebeen needed primarily to take care of the heavy demandwhich has developed since the prewar years. With coal, onthe other hand, new expenditures have arisen to a largeextent out of the declining position of the anthracite andbituminous-coal industries. Emphasis here has been onmechanization in order to reduce mounting unit labor costs.In addition, new techniques for using coal are being de-veloped, such as the new coal-fired turbine locomotive; andalready pilot plants are in operation manufacturing syn-thetic petrolem products from coal.

High fuel prices have acted as a stimulus to capital expan-sion and the favorable postwar profit position of the fuelindustries has made possible in large measure the heavyvolume of investment which has been undertaken in this area.The tight supply situation in steel has limited expansionprograms here as in other parts of the economy.

While it would be desirable to show total ^ investmentoutlays for all fuel industries, information covering all fieldsis not available at the present time.

As one example of the large expenditures for plant andequipment which are now being made, some data on thepetroleum industry may be cited. In 1947, it is estimatedon the basis of data from the Department of Commerce andthe Securities and Exchange Commission that roughly 2%billions were spent for new production, refining, transporta-tion, and marketing facilities in the domestic petroleum in-dustry. It should be pointed out that these expenditurescut across many fields—-mining, manufacturing, transporta-tion, and distribution.

For the petroleum industry alone, capital expenditures in1947 were almost one-seventh of total nonfarm business ex-penditures for new plant and equipment, according to esti-mates of the Department of Commerce and the Securitiesand Exchange Commission.4 Expenditures in petroleumlast year were some two and one-third times as large as theywere in 1939. This increase is somewhat less, percentage-wise, than that which took place in industry generally overthe same period, because of the fact that investment outlaysfor petroleum already were relatively high in 1939.

While the bulk of plant and equipment expenditures in thepetroleum field have been for the extraction and refining ofcrude, substantial outlays have also been made for transpor-tation and marketing purposes. In 1946, for example, ap-proximately one-fourth of total outlays by petroleum com-panies was for transportation—pipe lines, tank cars, tank-ers—and marketing facilities.6

On the basis of anticipation of a sample of petroleumcompanies reporting to the Department of Commerce andthe Securities and Exchange Commission at the beginning of1948, it appears that expenditures for plant and equipmentin the petroleum industry during 1948 will exceed actualoutlays in 1947 by a sizable margin. The indicated increasein the petroleum field is larger in 1948 than for manufacturingand mining generally and is indicative of the current andprospective strength in the demand for petroleum products.Coupled with the capital expenditures now being made inother fuel industries, these expenditures constitute animportant segment of new capital formation in the domesticeconomy.

Business Situation(Continued from p. 4)

residential building, even though the latter has accountedfor only two-fifths of the construction total this year.Private industrial building has been running under a yearago, but most other components show substantial advances.

Of prime importance in the high levels of housing-con-struction activity initiated during the past 12 monthshave been the mortgage insurance operations of the FederalHousing Administration. Interest rates have generallymoved higher for investment funds, and presumably fornpn-FHA mortgages, though they still are low from anhistorical standpoint. Despite the limits on interest rateson mortgage loans issued under Federal Housing Adminis-tration insurance, housing starts under FHA operationsaccounted for an increasing proportion of the total of privatehousing starts until April 1948. (See chart 3.)

Between 80 and 95 percent of FHA starts in each monthof 1947 and 1948 have been under title VI of the NationalHousing Act. Passed originally as an emergency warhousing measure and extended in May 1946 as an aid toveterans' housing, title VI lapsed on April 30 and failedof extension in the closing hours of the congressional session.After its temporary lapse in late 1947, full-scale activityunder the provisions of title VI in the first 4 months of tiiisyear created a backlog of current applications which canbe expected to maintain total units started under the FHAprogram for several months ahead close to the level ofMarch and April. Thus, the effects of the lack of supportof title VI on the rate of total new housing units startedare not likely to be felt in any appreciable degree at leastuntil the fall.

4 See "Current and Prospective Plant and Equipment Expenditures," SURVEY, April 1948.s See "Financial Analysis of 30 Oil Companies for 1946," Chase National Bank, New York.


i lew or STATISTICAL SERIESRevised Estimates of Retail Inventories, 1940-48x

Table 1.—Retail Inventories2


End of month —

1939 monthly average1940 monthly average _ _ _ _ _ _1941: January

FebruaryMarchAprilMayJune -- _ -JulyAugust -_ _ _ _ _ _SeptemberOctober _ _NovemberDecember

1942: JanuaryFebruaryMarch ___AprilM a y _ _ _ _ _ _ _JuneJuly __August - _ _ _September.. __October _ _NovemberDecember.

1943: January ___FebruaryMarchAprilMayJuneJuly _.AugustSeptemberOctober _NovemberDecember _

1944: JanuaryFebruary.. _ _ _MarchApril __MayJune.. _ _JulyAugust ... _SeptemberOctoberNovember _ _ _ _December

1945: JanuaryFebruaryMarchApril ._ __MayJune. _ _ _ _ _JulyAugustSeptember __OctoberNove/mberDecember

1946: JanuaryFebruary _March __AprilMayJune.. _ _ _ _ _JulyAugustSeptember .OctoberNovemberDecember

1947: January _ _February _MarchApril _ _ __MayJune _JulyAugustSeptember __OctoberNovemberDecember

1948: JanuaryFebruaryMarchAprilMay (prel.)

All retailstores

5,3555,7185,8816,1786,5566,6266,6376,5826,6076,6807,1337, 8808,0867,2627,3428,0038,4728,6978, 7528,5948,4908,5198,5068,3558,2327,3077,1897,1457,3817,2917,1667,0717,1297,4417,5267,5907,5576,8726,9407,2607,5167,5437,4667,3627,2907,6807,7748,0698,0186,9066,9467,2087,4397, 6317,7437,6267,5047,7407,8778,0378,1167,0497,2547,6878,0688,3318,5488,6619,1089,787

10, 22611, 07611, 52510, 59110, 88911, 53012, 03712, 17911, 77011, 59411, 43111, 81512, 15513, 09913, 48712, 42612, 77913 62514, 28014, 16413, 808

Durable-goods stores

Total

1,7731,9822,2712,4322,5602,5802,5292,4552,3832,1242,1812,4832,7012,5522,7022,9623,0443,0313,0452,9512,8442,7322,6052,4692,4222,2682,2172,2092,2042,1382,0812,0552,0142,0021,9701,9351,8801,7951,7761,8411,8971,9291,9421,9041,8501. 882.1,8681,8711,8531,7391,7411,8121,8841,9021,9261,9081,8551, 8631,8831,8631,8911,7961,8911,9692,1032,1712,2492,3652,4442,6682,7532,9983,1383, 0653,3553,6463,8594,0283,9723,9543,8783,9544,0134,1824,1954,1484,3584, 6345, Oil4,9464,809

Automo-tive

group

534637851944

1,001977911852753455458685879901971

1,1221,1381,1121,0771,026

967885839796773743719696668637600576563541525521508492488487489494491476453439433429420407419422430426425422410401399407425419441478494508524544588627670719773813853924965967943931924909974997

1,0571,0991,1461,1901,2511,2191,217

Buildingmaterialsand hard-

waregroup

716779806836864879880869886913920920913840903948967958941904858834773707706724713726729721723727703692671647619642632668725740743734705713700691701678682713728725728725689691692653652645666687718713715753770838876945

1,0081,0441,1401, 3001,4371,5371,5711,5701,5101, 5571,5501,5151,5121,5341,6391,7602,0482,0531,965

Homefurnish-

ingsgroup

364395430461493512524524540539568610628586612660685684747731732718690666647575568562575545519497492489483472460431433441441440439433439452448450434416409425447458476467475474482479474464522519563599652718744815805898905852

1,0181,0601,0711,1361,0791,0931,1011,1221,0931,2201,1371,1301,1971,2751,2711,2321,193

Jewelrystores

158170184191202212214210204217235268281225216232254277280290287295303300296226217225232235239255256280291295293230223245242255269261253278287301298238231252279293297294281297310324340268262285328351358350342388402436452356344362386388379360343366396450489385376409441442434

Nondurable-goods stores

Total

3,5823,7363,6103,7463,9964,0464,1084,1274,2244,5564,9525.3975,3854,7104,6405, 0415,4285,6665,7075,6435,6465,7875,9015,8865,8105,0394,9724,9365,1775,1535,0855,0165,1155,4395,5565, 6555,6775,0775,1645,4195, 6195,6145,5245,4585,4405,7985,9066,1986,1655,1675, 2055,3965,5555,7295,8175,7185,6495,8775,9946,1746,2255,2535,3635,7185,9656,1606,2996,2966,6647,1197,4738,0788, 3877,5267,5347,8848,1788,1517,7987,6407,5537,8618,1428,9179,2928,2788,4218,9919,2699,2188,999

Apparelgroup

728750651685774755766727777902

1,0101,1041,100

871843937

1,0431,1491,212

• 1, 2261,2081,3031,3231,3081,2861,007

979939

1,003982

1,012996

1,0711,2351,2821,2831,2561,0241, 0521,1471,1781,1391,1411,1271,1261,2981,3541,4131,3781,0241,0311,1011,1131,1931,2621,1831,1671,2621,2411,2431,195

880928

1,0201,0941,1581,2251,2151,2971, 4731,5671,6751,7251,3721,4421,6621, 7341,6971,6601,4951, 4391,6361,7271,8891,9131, 5581,6521,8872,0092,0641,969

Drugstores

314312334341326328321334324321332369348366368376381386373382384372389418414381384385412421393404403405421428437400407419438440439441420436438462495414429430445461460443444445463494535453438446459472480464476479493560609539525503497500488468472459453523590581568542533530525

Eatingand

drinkingplaces

64749290889499

107109111112123124129150166156168168164164164166182195192200209212211207210205209213219218224208208223233243246245250260269270270273275274267262264281280279285292290306335331360383376385377387379375372363359352352333338322309295316315333352341341339328

Foodgroup

658675696717747762789829849871919968981960905981

1,0661,027

975929946940

1,0001, 0151,0681,0621,0691,0761,0971,0941,046

965912906929

1,0161,1081,1021,0871,0801,0551,009

920886870906930

1,0711,1111,0751,0391,0301,0731,0601, 0351,022

960963

1,0591,2001,3081,2881,2161, 2391,2301,2031,1631,1441,1771,2221,3231,4821,6701,7231,6171,5991,6911,6471,5201,6021,6001,6791,7671,9422,0331,9371,9162,0001,9621,8601,851

Fillingstations

9710710699

101110128140151156157153145141134124115112122127132130131129129117786163688086919292939189808386797989868591919190

10110210699

10298939395

1061061029997

100105109107108113111125134146156151156161150154183184191213228217226203197209181

Generalmerchan-

disegroup

1,2421,2741,1871,2631,3741,4041,4111,3871,4031,5691,7351,9041,889

' 1,5131,5281, 7191,8862,0072,0472,0172,0032,0382,0311,9961,9101,5411,5431,5361,6221,6291,6231,6121,6701,7911,8541,8451,8011,5341,5921,6991,8221,8661,8301,7791,7691,8871,8931,9251,8551,4121,4851,5971,6381,7451,8311,8361,8361,9231,9261,9251,8581,4061,5461,7001,8131,9512,1022,1442,2802,4232,5182,7092,7092,2282,2142,3752,4682,5012,4092,2592,2312,3422,4552,7362,8542,3442,4512,7052,8772,8832,798

Otherretailstores

480543544551586593594603611626687776798730712738781817810798809840861838808739719730768748724743763801765771766704738783817848872890924936940967965882847861906904865872868911931921931834830881938911837846941

1,0321,0741,1481,1651,1461,2171, 2351,2801,2931,2381,3241,3061,2521,2541,2981, 3591,3081,2561,3131,3501, 3331,347

1 For information on these revisions see the June SURVEY.2 Monthly data from December 1938 through December 1940 are available upon request. 31Digitized for FRASER

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


Table 2.—Retail Inventories, Adjusted for Seasonal Variations 1


End of month —

1940: January... __ . _ . . _FebruaryMarchAprilMayJune. _ _ _ . _JulyAugust . ___ _SeptemberOctoberNovember. . _ _December

1941: January . _ _ _ _FebruaryMarch ...AprilMayJuneJulyAugust ...SeptemberOctober _ . _ .NovemberDecember

3942: January . _ ...FebruaryMarch . ...AprilMay.. . .-_JuneJulyAugustSeptemberOctoberNovemberDecember

1943' January - ---FebruaryMarch\prilMayJuneJulyAugust . . . .SeDtemberOctober . ._ _ _ _NovemberDecember

1944' JanuaryFebruaryMarch - .AprilM a y _ _ _ _ _ _ _ _ _ _June . . .JulyAugustSeptemberOctoberNovemberDecember

1945' JanuaryFebruary _ _ _March\priljyjgy

June - .JulvAugustSeptemberOctober _NovemberDecember

1946: JanuaryFebruaryMarchApril _May -JuneJulyAueust .September _ _ _OctoberNovember _ __December.. _ _ _

1947* January _ _ _ _ __FebruaryMarchAprilMayJuneJuly _AugustSeptember _ _ _OctoberNovember _ ...December

1948: January.FebruaryMarch _ _AprilMay (prel.) _ _ _ -

All retailstores

5,5435, 6445,6495, 6785,7165, 6955, 6305, 6465,7795,8155, 8766,0116.0346, 1416.2676,3476,4686,7006,9577,0217,2307,6107,5977,6207,8348,2138,4788, 5788,6868,6758,5498,3198,1737,9287,8157,8747,6327,3497,3317, 2507,1657,2007, 2577,2927,2787,1737,0987 3507,3937, 5127,5257,4697, 4587,4877,3997, 5077,5077,6047 5357,3967,3967, 4557,4637,5677. 7557,7707,6297,5707,6267,5777,6167,5027,6567,8648,0238,3238,5778,9179,3879,7609, 995

10, 39110, 68911,04911,42711, 65311,83211,97411,77211, 94811, 92511,94412, 07312, 43512, 62112, 95313,38413, 75114, 04013, 90713, 753

Durable-goods stores

Total

1,8771,9121,9241,9441,9681, 9601, 9511,9622,0322,0772,1142,1412,2062,2752,3032,3392, 3662,3872,4722,4152,4532,6462,7482, 6532,7982, 9532,9932,9692,9932, 9182, 8342,7162,5732, 4522,4152,3882,3082,2312,1712,0952, 0412,0272,0061,9821,9401,9181,8711,9031,8621,8691,8721,8881, 9001,8741,8401,8591, 8371, 8521,8451,8471, 8301,8431, 8631. 8621, 8851,8791, 8451, 8371,8481,8381,8741,9151,9601,9872, 0572,1142,2202,3862. 5062,7262,7712,9483, 0633, 1603,4193, 6323, 7603, 9313, 9423, 9673, 9494, 0244,0464,1474,1264,2704,4354,6124,8884,8084,722

Automo-tive

group

566590588612640635612628675716728736760790780773759766805726734880955923979

1,0971,1051,0891,0691, 023

967.910850810773756726682648623593573563555531529508505495479475482484473451449437435419420427416418415418419408410402412425435439464476490517554601658680727769826851896922943961948943955991

1,0081,0501,1171,1421,1541,2061, 1731,198

Building-materialsand hard-

waregroup

757768781779773772781780785785793802820831836848860864895919924938936865932951939925911881852829776726732756737729708696700708698688673665642671654671704714718713700708702710727708705716707699704706684686694669672677688687695687694743774838877959

1, 031,084,176.299,389,480,525,542,514.556,556,545,554

1,5901,6871,7571,9791,9791,899

Homefurnish-

ingsgroup

391390391389389385387383398400414421437459484506530537552541565588606608631648682677737731728700671648645618588570571540512497489476470460459464448447438436433433436441436438433447424431444454470467472462469467473497522519559594652723755815817879886872

,018,060,064,129,079,100,115,122,108,198,114

1,1541,1971,2751, 2631,2241,193

Jewelry-stores

163164164164166168171171174176179182189195203212217220220229230240251257256257267278276283287277276268265258257250244236236249256263266264262263265272255256265255253261262269266

274280294294293287281279283290304306311317327343357366376415397383377378374377385379377377377391391396408409409426440432432

Nondurable-goods stores

Total

3, 6663,7323,7253. 7343,7483,7353,6793.6843, 7473,7383, 7623,8703,8283,8663, 9644,0084,1024, 3134, 4854,6064,7774,9644,8494, 9675,0365,2605,4855,6095, 6935, 7575, 7155, 6035. 6005,4765,4005, 4865,3245.1185, 1605, 1555,1245, 1735. 2515, 3105, 3385, 2555,2275, 4475, 5315,6435, 6535. 5815, 5585, 6135, 5595, 6485. 6705, 7525, 6905, 5495, 5665, 6125,6005, 7055, 8705, 8915, 7845, 7335,7785, 7395, 7425, 5875, 6965.8775. 9666, 2096,3576, 5316, 8817, 0347.2247, 4437,6267,8898, 0088,0218,0728, 0437, 8307,9817, 9767,9208,0278,2888,4958,6838,9499, 1399, 1529,0999,031

Apparelgroup

749759770752757744743733754744739750726718737736759804878902939975965947970

1,0261,1171,1651,2211,2721,2111,1771,1771, 1591,1481,1501, 1251,0291,0311,0491,0221,0361,0771,1141, 1391,1321,1201,1701,2091, 2631,2521,1741,1531, 1721,1301,1701, 2031,2481,2271,1691,1861,2151,1981,2281,2781, 2311,1731,1371, 1021,0951,0641, 0061,0671,1231, 1361,2341,2441,2671,3061,3481, 3601,4451,4941,5361, 5861,6781,6631,6191,6581,6331,6471, 6531,6841,6901,6641,6881, 8171,9051, 9331,9861,958

Drugstores

311314304308313307313313307309316324320332329330328340339341345357322355379380377377378387395382389399381400396389408412399410414416421408402420420423433430445447432448438441455434442434440451467449456457463471492475434438466476490481499511518534537523520494505505498485495489476499520564563532542535536

Eatingand

drinkingplaces

6863578162897675738082869088899499

108110114117122122126147163158168168165166168173180191188196205215211207211207214222217214219204204226233243247248256.271266265264267270278266262266284287291282286284299329335359383378390387403375368364355352357351333340326317307313309326344335345338328

Foodgroup

668665676653672693673664677661688707709709737752791853885909931943927938923970

1,0521,014

977956988981

1,013988

1,0091, 0381,0221,0381,0471,0751,0861, 0521,0321,0151,019

973980995

1, 0391,0411,007

991955966984

1, 0151, 0201,026

982971993993

1,0241,0411,0751,1151,0861,0781, 1611, 1491,1561,1641, 1631,1951, 1741,1821,2081,2481, 3311,3681,4511,4201,4771, 5561, 5951, 5621,6421. 6211, 5511,6971, 7351, 8131,8601,8761,8581,8191,8901, 9531,9051, 8311,889

Fillingstations

106102104105105106107108108108110114109119123128129132135136139143142144134124115112122127132130131129129117786163688086919292939189808386797989868591919190

10110210699

10298939395

1061061029997

100105109107108113111125134146156151156161150154183184191213228217226203197209181

Generalmerchan-

disegroup

1,2741,2941,2821, 2881,2901,2581,2271,2451,2711,2801,2731,3201,3301.3261, 3631,3751,4021,4481,4951, 5521,6051,6921,6651,7271,7221,8281,8811, 9562,0052,0482,0281,9651,8971,8191,7611, 8031,7381, 6361,6241, 5921,5951,6311,6781,6961,7161,6941,6801,8011,7901,8131, 8281,8261,7981,7981,7691,7831, 7521,7551, 7381,6781,6711,7011,6441,7161,8081,8561,8371,8131,7791,7551, 7381,6641,7781,8231,8531,9422,0782,1782,2772,2752,3072,4292,4962, 5952,5412, 5612,5182,4932,3902,3072,2442,2122, 2552,4372,6092,7342,8142,9112, 9322,8672,778

Other'retailstores

49053553254754953854054(555755655456954457458659,3594G2«64365270173270673076176S78f817822802797800820802781790769760

74873574775276:;72<)73874075378«i81682'84888,'i89^!91 (i8989o92.i93294i i901 ;

89'?file90- i87887i?.Sa.'i86S88788190")89285387 >90291184587297)

1,0321.0711,1151,12:)1. 161)1,2551,2231,2311, 29:51. 25 [)1, 36 ri1,3451, 2521, 2541, 2601,3071. 335l', 2951,3001.2981, 3331,3€1

i Monthly data from December 1938 through December 1939 are available upon request.


BUSINESS STATISTICSJ.HE DATA here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OF CURRENT BUSINESS. That volume

contains monthly data for the years 1938 to 1941, and monthly averages for earlier years back to 1913 insofar as available; it also provides adescription of each series and references to sources of monthly figures prior to 1938. Series added or revised since publication of the 1942 Supple-ment are indicated by an asterisk (*) and a dagger (f), respectively, the accompanying footnote indicating where historical data and a descriptivenote may be found. The terms "unadjusted" and "adjusted" used to designate index numbers refer to adjustment of monthly figures for seasonalvariation.

Data subsequent tc May for selected series will be found in the Weekly Supplement to the Survey.

Unless otherwise stated, statistics through1941 and descriptive notes may he foundin the 1942 Supplement to the Survey

1947

May June July August Sep-tember

Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary

Febru-ary March April May

GENERAL BUSINESS INDICATORS

NATIONAL INCOME AND PRODUCT*

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

Compensation of employees doWages and salaries do

Private doMilitary doGovernment civilian do

Supplements to wages and salaries doProprietors' and rental income do

Business and professional doFarm doRental income of persons do

Corporate profits and inventory valuation ad-justment bil of dol

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

Inventory valuation adjustment doNet interest do

Gross national product doPersonal consumption expenditures 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

bil of dolFederal (less Government sales) _ doState and local. do

Personal income doLess: Personal tax and nontax payments doEquals* Disposable personal income doPersonal savings § do

PERSONAL INCOME*Seasonally adjusted, at annual rates:

Total personal income _ bil. of dolWage and salary receipts, total... _do

Total employer disbursements doCommodity-producing industries doDistributive industries _ _ doService industries _ doGovernment . do

Less employee contributions for social insur-ance bil. of doL.

Other labor income doProprietors' and rental income. _ doPersonal interest income and dividends. -doTotal transfer payments _ do

Total nonagricultural income doNEW PLANT AND EQUIPMENT

EXPENDITURES*All industries, total _ mil. of dol

Electric and gas utilities doManufacturing and mining doRailroad _ doCommercial and miscellaneous do

FARM INCOME AND MARKETINGSCash farm income, total, including Government

payments* mil. of dol..From marketings and C. C. C. loans* do

Crops* doLivestock and products* do

Dairy products* _ _ _ _ _ d oMeat animals*.. do_ .Poultry and eggs* do

' 188. 6' 117. 0' 119. 1'52.9'33.9' 15.1r 17.2

2.11.8

'44.2' 15.3r 10. 3

' 169. 6

2,0261,989

6211,368

379705261

' 199.3' 125. 3' 119.6' 102. 3' 3.9' 13.4

r 5.7'44.6'22.7'14.9'7.0

'25.2' 28.8' 11 3' 17.5'—3 6'4 .2

' 228 3r 164. 2'21.1'96.3r 46.7'26.4r 10.3

17.9'—1.8' 10.2

'27.6' 15.7

11.9

' 189. 6'21.4

' 168. 2'4.1

' 192. 4' 119.6' 121.7' 54.0' 35. 0' 15.3'17.4

2.11.8

'45.1' 15.4

10.5

172.4

3,940450

2,010220

1,260

2,2112,185

7431,442

392782234

' 193. 2'119.4' 121. 4'53.6' 35. 2' 15.5'17.1

'2.01.8

'45.3' 15.6

11.1

' 172. 9

2,6622,6571 2051,462

382785251

' 190.8'120.1' 122.2'54.3'35.4' 15.3'17.2

2.11.8

'42.8' 15.6'10.5

' 173. 1

2,5172,5051,1871,318

353711232

' 200. 6' 127. 6' 122. 5' 105. 3

'3.713.55.1

'44.4' 23.0'14.3'7.1

'24.3'29.1' 11.4' 17.7'—4 8

' 4 .4

' 227.9r 165. 6

21. 196.847.725.611.617.6

—3.5'8.4

28.315.712.6

' 196. 7'21.7

' 175. 0'9.4

' 206. 2' 121.9' 123. 9'55.4'36.0

15.2'17.3

2.0' 1.9

'45.0'16.2

21.2

' 187. 4

4,140500

2,050230

1,360

3,0603,0491,4971,552

334958244

' 200. 0' 122.7' 124. 7' 55.9'36.0' 15.2

17.6

2.01.9

'47.5' 15.9'12.0

' 179. 7

3,7733,7592,1221,637

3191,039

262

' 201. 4' 125. 5' 127. 3'57.4'37.1

15.217.6

'1.81.9

'47.1'16.1'10.8

' 181. 4

3,1093,0961,5401,556

293970280

' 212. 8' 132. 2' 127. 1' 109. 5

'3.6' 14.0' 5.048.624.716.5'7.4

27.532.412 719.7

'—4 9' 4.5

' 243 8' 171.1' 22.1

' 100. 2'48.8' 35.4' 14.0'18.9' 2.5

8.2

'29.0' 15. 5'13.5

' 203. 1'22.2

' 180. 9'9.7

' 207.7' 127. 4' 129. 4'59.2' 37.4

15.2'17.6

2.01.9

' 51. 3'16.2'10.9

' 184. 2

4,960620

2,500310

1,530

2,9272,9091,2991,610

3031,019

279

' 209. 4' 127.5' 129. 7'59.3' 37. 5' 15. 3'17.6

'2.21.9

'52.4'16.5

11.1

' 184. 7

2,5812,5551,0441,511

329968206

' 206. 8' 126. 9' 128. 9'58.0'37.8' 15.4

17.7

'2.0'2.0

'50.0' 16.6

11.3

' 184. 5

1,8661,837

7171,120

318593201

215.5' 134. 0' 128. 8' 111. 1

'3.5'14.2' 5.2

'50.6'25.0'18.0'7.5

26.331.412.219.2

'—5. 1'4.6

' 246. 0' 172. 3'21.4

' 101. 3'49.6'40.4'14.3' 19.6'6.5'3.9

'29.4'16.0'13.4

' 207. 3'23.2' 184. 1' 11.8

' 205. 6' 125. 7' 127. 8' 57.0'37.5' 15.4'17.9

2.1'1.9

'49.3' 16.6'12.1

' 184. 1

'4, 170r500

' 1, 980'270

r 1,420

2,0011,961

6981,263

373645237

'207.4' 125. 0' 127.0'56.3'37.2

15.6'17.9

'2.0'2.0

'51.9'16.7' 11.8

' 183. 7

2,0962,047

6701,377

392720250

208.1' 126. 7' 128. 7'57.3'37.9

15.518.0

2.02.0

'51.8'16.7

10.9

' 184. 4

2,1782,140

6781,462

460724255

' Revised. §Personal savings is the excess of disposable income over personal consumption expenditures shown as a component of gross national product above.*New series. Quarterly data for 1939-43 and earlier annual data beginning 1929 for national income and gross national product and monthly data for 1929-43 for personal income are pub-

lished in the "National Income Supplement to Survey of Current Business," which is available from the Superintendent of Documents, Washington, D. C., for 25 cents; revised figures begin-ning 1944 are on pp. 27-29 of this issue. For description of the series on plant and equipment expenditures and data for 1929-45, see p. 24 of the March 1948 Survey; first quarter of 1948 estimatesare based on anticipated capital expenditures of business. Revisions for January 1945-May 1946 for farm income are available on request; see note in September 1947 Survey regarding earlierdata; revisions beginning 1945 were in part to adjust the series to levels indicated by 1945 Census data; 1940-44 data have not been similarly revised.

S—1Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S-2 SUEVEY OF CURRENT BUSINESS July 1948

Unless otherwise stated., statistics through1941 and descriptive notes may be foundin the 1942 Supplement to the Survey

1947

May June July August Sep-tember October Novem-

berDecem-

ber

1948

Janu-ary


GENERAL BUSINESS INDICATORS—Continued

FARM INCOME AND MARKETINGS— Con.

Indexes of cash income from marketings andC. C. C. loans, unadjusted:

All commodities! 1935-39=100..Cropsf doLivestock! _ _ _ _ _ _ _ do_

Indexes of volume of farm marketings, unadjusted:All commodities* - 1936-39=100.

Crops* doLivestock* _ _ _ _ _ do. «

INDUSTRIAL PRODUCTION

Federal Reserve Index

Unadjusted combined index! ._ . . 1935-39=100__

Manufactures! _ _ do_ __

Durable manufactures'}' doIron and steel! doLumber and productsf do

Furnituref doLumber! _ _ do_ _

IVTachinery! doNon ferrous metals and products!. do

Fabrfoatin0'* doSmelting and refining* do_ _

Stone clay and glass products! doCement . do_ _Clay products* doGlass containers! do_ _

Trar^portation equipment doAutomobiles!^ _ _ do

Nondurable manufactures! _ doAlcoholic beverages! - __doChemicals! _ do

Industrial chemicals*. do_ _Leather and products! do

Leather tangling* doShoes _ _ _ _ _-do

Manufactured food products! doDairy products! doMeat packing doProcessed fruits and vegetables* do

Paper and products! doPaper and pulp! _ do_

Petroleum and coal products! doCoke - _ _ . do_ _

Printing and publishing! do_ __Rubber products! . doTextiles and products! _ do _

Cotton consumption _ _ doRavon deliveries doWool textile production do

Tobacco products _ do

Minerals? . . _ _ _ _ _ d oFoelsf__ do

Anthracite! doBituminous coal! ._ do_Crude petroleum do

Metals _ _ do

Adjusted, combined index! . _ _ do

Manufactures do

Durable mannfactures do_ _Lumber and products _ _ _ do

Lumber doNonferrous metals do__

Smelting a n d refining*. _ _ _ _ _ _ d oStone, clav, and glass products do

Cement. d o _ _ _Clay products* _ _ _ _ _ _ _ _ _ _ doGlass containers do

Nondurable manufactures . . . doAlcoholic beverages. _ „ doChemicals doLeather and products do

Leather tanning* doManufactured food products do

Dairy products doMeat packing _ _ _ _ _ doProcessed fruits and vegetables* .. _ _ d o _

Paper and products doPaper and pulp _ do_

Petroleum and coal products doPetroleum refining* do

Printing and publishing doTextiles a n d products _ _ _ _ _ _ d oTobacco products d o _ _ _

Minerals - doMetals do

299217361

12687

156

185

191

219197145158138273187183198206148162269225179

169167252435113119109149

J-20215190

161155

'184168

145220164148271161142

153156104165157140

185

191

21814213418719820014116225117C1622531131191 55

'152151138161155

1-184

142164142

151124

329260381

138106161

185

191

220193149160143275179176187209183163254233191

168178247439106112103154

'229150101160155

'191165

146216155133263155165

152153110147169148

184

191

219142133179188207171164257163159250107114154

'155152132160155

'191

146155159

148122

400422383

167180156

178

184

208181141155133266171167180196181160225217185

16418224743899

10097

166'229

146173145140

J-196161

130207142118263130162

14514493

117160151

176

183

207133121171181195164160235163164251101106155

'157156133146140

'195

139142156

140117

377416348

152170138

185

191

212188151160147267170167180207193166241213180

173181245431116114117178

"192127263158152

'201171

139210154ISO267156165

155155114151161151

182

188

210142133170180199171162231169176249116115157

'147145138158153

'201

146154160

150117

459524410

172202150

191

197

219195150164143276174171182210198166248227197

178206248425121118123182

'156136290159153

'203170

145217160130278168172

158160122161164145

187

192

217140128174182202171160243172198248122120158

'148146149159153

'203

144160163

153111

566743432

199255157

194

200

224204150172138280179180176210202169236232198

181252251427126123128167

Pl21144173163157

'204177

156223164139280167181

158162126163166132

190

197

223143128179176201174161229176229248126121156

' 147142134163157

'204

152164175

155107

466539411

160170153

193

200

224202148176133281185188178206192169231234200

180196252431126126126161'91189118165160

9205177

168225172149290172172

155163119169165106

192

199

224150137185177201178162229179219251124122158

'140170129165160

'205

152172169

155109

438455425

151152150

189

196

227205140181119288189192183200178172203244206

171146255438113112114154'88187108157152

»208179

150230163131287166139

15116211116416685

192

198

229153139189183205196166218173167254114113158

'138160138158153

'208

146163149

156117

385366399

134130136

189

197

226203138179117

'285194197187190161166196244206

173142253437120117122146'8717592

163157

»214178

144223

'179153300181153

149160112161165'81

193

200

229155143194187202199179200178167255120116158

'139150141163157

'214

148'179

153

154117

276251295

109102114

190

197

223203137178116284198

'202189193158160201

'232192

'176176

'253434126124127144'9914191

163159

»216179

155215179153

r295185147

14916111815516783

194

201

226150135198189207208168208180198

T 252123116160

'139147

'144163158

'215

157179155

155120

295244333

11186

129

188

197

'227207143177125283200203192201160169219

'241'202

173172

'252'433'114'101

123141

p 11912185

167160

'211166

153'205

175147302

'177155

'13614610897

16982

191

200

229151137200192210196176219177191

'250115102158

'145131155166160

'211

150175164

142118

308235364

'115'80141

'186

'193

'217177

'143'168'131'276'198' 198'202

208'183'168'227'237

198

'174178

'251'439'110

105113

'143'155

116'90169163

'214137

'159'200'174

147297179173

'145'149

105102

'171'125

'188

'195

'217'144'132'199'202

211193

'173'227'177

182'249'110

105'157'149

125'147

168'163f 214

154' 174'183

147136

322237386

12182

150

9 192

' 197

' 222' 207' 140' 162' 128' 2759 199' 1979 2029 111

196' 169

233' 222' 183

' 176173

9 249' 438' 106

' 1079 151

' 127' 97170164

' 225174

' 159' 195' 177

147£.09

163

' 165' 168' 116' 1719 172' 1.48

' 192

' 197

P 2229 138' 1259 1999 202' 205

1.87' 169

218' 177

167v 2509 106

' 168

127' 150

159164' .125

' 156' 177

163

' 163' 132

r Revised. 'Preliminary. {Index is in process of revision.*New series. Data beginning 1939 for the new series under industrial production are shown on pp. 18 and 19 of the December 1943 Survey. See note in January 1948 Survey for source

of indexes of volume of farm marketings and reference to figures beginning 1929; annual indexes for 1939,1941 and 1944-47 are shown on the back cover of the February 1948 Survey; they includerevisions in marketings data and also, for 1945-46, adjustments to 1945 census data which have not been incorporated in monthly figures; 1940-44 annual indexes and 1940-46 monthly data havenot been adjusted to census data.

!Revised series. For revisions for the indicated unadjusted indexes and all seasonally adjusted indexes for the industrial production series, see pp. 18-20 of December 1943 Survey; seasonaladjustment factors for a number of industries were fixed at 100 beginning various months during 1929-42; data for these industries are shown only in the unadjusted series. Revisions for Janu-ary 1945-May 1946 for the indexes of cash income from farm marketings are available on request; see note in September 1947 Survey, p. S-l, regarding earlier data; revisions beginning January1945 were in part to adjust the series to levels indicated by 1945 census data; 1940-44 data have not yet been similarly revised.


July 1948 SUEVEY OF CUEEENT BUSINESS S-3

Unless otherwise stated, statistics through1941 and descriptive notes may be foundin the 1942 Supplement to the Survey

1947


berDecem-

ber

1948

Janu-ary


GENERAL BUSINESS INDICATORS—Continued

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS t

Sales:Value, total _ millions of dollars

Durable goods industries doNondurable goods industries- do

Index, total average month 1939= 100Durable goods industries do

Iron, steel, and products _ _ _ -doNon ferrous metals and products doElectrical machinery and equipment-. -doMachinery, except electrical doAutomobiles and equipment- - doTransportation equipment, exc. autos-_doFurniture and finished lumber prod doStone, clay, and glass products doOther durable goods industries do _-

Nondurable goods industries doFood and kindred products do ._Beverages doTextile-mill products, excl. apparel do _Leather and products doPaper and allied products- - doPrinting and publishing - . doChemicals and allied products doPetroleum and coal products. doRubber products doTobacco manufactures- _ doOther nondurable goods do

Inventories, book-value, end of month:Value, total millions of dollars

Durable goods doNondurable goods do

Index, total average month 1939=100Durable goods industries do

Iron, steel, and products _do_Nonferrous metals and products doElectrical machinery and equipment -doMachinery, except electrical doAutomobiles and equipment _ doTransportation equipment, exc. autos__doFurniture and finished lumber prod doStone, clay, and glass products doOther durable goods. ... .. __ _.do

Nondurable goods industries doFood and kindred products __ __ doBeverages doTextile-mill products, excl. apparel-— doLeather and products _ doPaper and allied products _ _ _ _ doPrinting and publishing doChemicals and allied products doPetroleum and coal products . _ _ doRubber products . _ . doTobacco manufactures doOther nondurable goods __ do

New orders:Index, total average month 1939=100

Durable goods _ doIron, steel, and products doMachinery, including electrical doOther durable goods, excl. trans, equip, -do

Nondurable goods -do

'35,048' 6, 157

8,891283316298369359330338467

'239228

'276264263258255257312224305242309222269

' 26, 440' 12, 729

13,711246264189255372268431629204160198232200332225201219358269160279219289

235256273294209222

' 15, 063' 6, 129

8, 934295328306376394339364508

'208244

'269'276'286

292279222315242304254322237257

' 26, 479' 12, 833

13, 646246266192253374271443630203161195230194334221208229366265162277216293

245271304315202230

' 14, 361r 5, 545

8,816270285267310331278345390

'215223

'227262286281235245288218280258298223221

' 26, 846' 13,015

13, 831250270197268376275444630205161204234208316223213241373262164268211301

231260271328194213

' 15, 257' 5, 858

9,399287301296327349295326406

'251226

'258279291296275277295251287257312213284

' 27, 051' 13, 131

13, 920252272199262375276452644203161206235213327223207253370261169258212297

231261286307199213

16, 5976,395

10, 202325342321392410324399483

'286249

'270315332356312288312289329269346239336

' 27, 055' 13, 131

13, 924252272200259374277451634201157210235220338220198260368256171246216288

260292312345230240

r 18, 082'7,02811, 054

328348330386421329410489

'279255

'274316320397319306331291336267348223341

' 27, 397' 13, 222

14, 175255274201259375280449637209162213239238345218195262367253174247225288

255291308346230234

' 16, 554T 6, 34810, 206

337353335442444325401486

'271250

'288328335416319251328344328302354226352

' 27, 627' 13, 226

14, 401257274203249373282449621207168219243244336226209265355259176242229290

26830734S348231244

' 17, 523r 6, 98810, 535

330360331423470347424514

'275236

' 272'312

313373327286312300312318307232305

' 28, 020' 13, 335

14, 685261277204251370285447623228170222248250335224223268361271178257233293

252292322344220228

•• 16, 549' 6, 40510, 344

311329325364386304383442

'270223

'27630 1313268301303320235320328282206296

' 28, 491r 13, 446

15, 045265279202249372291462628

' 241168

'218254255357238229268362273177271237301

251291325312240227

' 16, 208' 6, 448

9,760330359336415446356424469

' 308222

'277314305273350327334271327336289216329

' 28, 757' 13, 514

15, 243268280205250376293472627

'234103

'213257244355249238272383279178283234319

251287321299243230

' 18, 100T 7, 364

' 10, 736'328'364

345410442363435501

'273252

'271'307

297251345300333268315322

'285218341

' 29, 053r 13, 555' 15, 498

*• 270281205257384295473619

'242165

r 202262243356255241276398289182

'294'231

329

257314371329243223

' 17, 212' 6, 848

' 10, 364'321'352'325'415'440'350'413' 476'256'274'255'307'299'294'333'266'332' 263'334'318'312'225'326

' 29, 149' 13, 680' 15, 469

271'284'206'262'388

297'472

626'255

163' 204' 261'236'359

253r 241

276'424'285' 186'293'229'332

'252'292'320'309'248'228

16, 5476, 5599,988

324350340419431354382467248269263308303286326232344262327335344234313

29, 43813, 76315, 686

274285213

395295425631259159192265230374256254287414287197302225345

243266276290237230

BUSINESS POPULATION

OPERATING BUSINESSES AND BUSINESSTURN-OVER*

Operating businesses, total, end of quarterthousands.

Contract construction do. _ _Manufacturing doRetail trade _ _ do. _Wholesale trade doService industries _ _ _ _ _ _ _ d oAll other ... _ _ . do _

New businesses Quarterly do _Discontinued businesses, quarterly _ doBusiness transfers, quarterly _ _ _ _ _ _ do. _

INDUSTRIAL AND COMMERCIALFAILURES

Crand total DUKberCommercial service do .Construction _ _ _ _ _ _ _ _ _ _ do_._Manufacturing and mining doRetail trade _ _ _ _ _ _ _ _ _ do. _Wholesale trade do

Liabilities, grand total _ thous. of dol_Commercial service . doConstruction _ _ _ _ _ d o _ _Manufacturing and mining doRetail trade do _Wholesale trade do

BUSINESS INCORPORATIONS

New incorporations (4 states) _ number-.

3783320

15511951

17, 326739321

10, S713,0372,258

2,870

3, 78f . 02C8. 7316.4

1,744.7177.5720.7£57.9109.5£4.8

102.3

283212395

10836

18, 982610664

14, 22C1,6141 874

2,893

2993017

10710540

37, 13719, 863

3£432, 4662,2802,144

2,595

287231999

10244

14, 903655176

10, 4261,6681,978

2,494

3,816.6276. 3217 6

1, 7£5. 2179.8726.8560.985.154.598.4

2922820

10110340

10, 034829444

5,9641,3901,407

2,612

336292598

12955

21,3221,0742,301

13,3372,2892, 321

3,269

3332325

12413526

16,345505£37

12, 5741, 5311,198

2,767

i-3 848.3" 284. 2P318 9

»1 766 0»382. 2v 733. 1^564 0

p£6 8*55. 0J>76 6

3172326

11212333

25, 4991,232

45520, 9371,908

967

3,160

3562923

10815343

12, 865711820

6, 8922,8373 705

3,688

4174422

15116535

25, 619979

1,98717, 9873,4101 346

2,479

4774743

13619457

17 4811,883

9579,2433 7141 684

2,995

404503099

17550

15 2961 4721 6627,0572 4762 629

2 869

4263031

13515872

13 8141 058

5887, 0302 679o 459

2 594

' Revised. * Preliminary.*New series. For data through 1944 for the series on operating business and business turnover, see pp. 21-23 of the May 1946 Survey and p. 10 of the May 1944 issue.fRevised series. Description and back data for manufacturers sales and inventories are shown on pp. 8, 9, 23, 24, of the May 1948 Survey; the indexes of new orders are being revised.




1947


berDecem-

ber

1948

Janu-ary


COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMER S

Prices received, all farm productsf— 1909-14= 100. _Crops _ do _

Food grain doFeed grain and hay doTobacco doCotton doFruit doTruck crops doOil-bearing crops. _ _. _ _do

Livestock and products doMeat animals do _ _Dairy products doPoultry and eggs do ._.

Prices paid:*All commodities- .-. — . 1910-14=100.

Commodities used in living doCommodities used in production __ _ _ do

All commodities, interest and taxes doParity ratio* _ - do

RETAIL PRICES

All commodities (U. S. Department of Commerceindex) 1935-39=100

Coal (U.S. Department of Labor indexes) :Anthracite 1923-25=100.Bituminous do

Consumers' price index (U. S. Department ofLabor) :§

Combined index 1935-39=100__Apparel doFood - _ - _ - . _ do_ _

Cereals and bakery products* doDairy products* . _ _ _ _ do_ __Fruits and vegetables* doMeats* . _ do _

Fuel electricity, and ice doGas and electricity* do _Other fuels and ice* do

Housefurnishings do _Rent _- _ . _ _ _ doMiscellaneous do

WHOLESALE PRICES

U. S. Department of Labor indexes:Combined index d" 1926=100

Economic classes:Manufactured productscf doRaw materials _ _ _ do_Semimanufactured articles. _ „ ...do

Farm products _ . _ _ _ doGrains doLivestock and poultry do. _

Commodities other than farm products cf- -doFoods do

Cereal products. doDairy products doFruits and vegetables . _ _ _ doMeats _ do

Commodities other than farm products andfoods cf 1926 — 100

Building materials . _ doBrick and tile doCement doLumber. _ _ _ doPaint and paint materials do

Chemicals and allied products f doChemicals. _ doDrug and pharmaceutical materialsf. .doFertilizer materials. _ doOils and fats _ do_

Fuel and lighting materials. doElectricity _ d o _ _ _Gas d o _ _ _Petroleum products do

Hides and leather products .doHides and skins doLeather . _ doShoes _ _ do

Housefurnishing goodsf. _._ doFurnishings . doFurniture f do

Metals and metal products c? doIron and steel doMetals, nonferrous doPlumbing and heating equipment do

272268276218390270222286326275327241203

242254226228119

177.1

116.8123.4

156.0185.0187.6154. 2171.5207.0203.9117.792.4

142.4181.9109.2139.0

147.1

141.7158.6144.9175.7202.4198.7140.6159.8151.7138.8144.3203.0

131.9177.0134. 5114.0269. 4169.2127.1118.7173.6102.5179.9103.364.185.086.8

170.8177.7176.3172.2128.8136. 9129.3141.4128. 6143.9120.0

271262253240390275228215318278338233205

244252233230118

178.7

116.8123.6

157.1185.7190.5154.6171.5205.0216.9117.791.7

143.0182.6109.2139.1

148.0

141.7160.2145.9177.9206.0200.9140. 7161.8149.2140.9145.2208.6

131.4174.4134.7114.3266.1159.6120.2118.7156.1101.8139.2103.964.485.887.5

173.2187.1178.9172.6129.2137.2129.4142.6131.4142.9119.1

276263251253390289215189314286343244220

244252234230120

179.7

119.2129.5

158.4184. 7193.1155.0178.8202.0220. 2119.591.7

146.6184.3110.0139.5

150.6

144.0165.3147.0181.4202. 3209.9143.6167.1154.7152.8139.7217.9

133.4175.7143.3114.9269.0156.1118.8119.9137.4103.5134.8108.965.085.589.8

178.4203.5187.4173.2129.8138. 1129.7143.8133.3141.8123.4

276255246270383267177211308295349258224

249256239234118

181.4

126.5139.1

160.3185.9196.5155.7183.8199.8228.4123.892.0

154.8184.2111.2139.8

153.6

147.6167.0149. 518.1. 7208.8215.9147.2172.3153.3164.3133.0234. 6

136.0179.7144.3116.9276.7154. 9117.5117.5136.6105.5133.3112.564.586.092.2

182.1215.6190.7174.9129.7138.1129.3148.9139.4141.8128.6

286254278297352252181179311315367282246

253259246238120

184.9

128.3139. 4

163. 8187.6203.5157.8195.2198.2240.6124.692.1

156.3187.5113.6140.8

157.4

151.6170.8152.0186.4230.3224.8150.8179.3158.7170.6130.1244.8

138.2183.3145.4119.0285.7157.9122.3118.2136.6109.8163.3114.165.287.093.7

184.8221.1197.4175.2130. 6138.5132.1150.7140.4142.0135.9

289261302284357247166238344313360283251

254261246239121

184.9

129.4140.5

163.8189.0201.6160.3190.1196.6235.5125.292.2

157.4187.8114.9141.8

158.5

151.1175.1154.1189.7241.4224.5151. 5177.8167.6167.3130.8230.0

140.0185.8145.6120.1290.0161.4128.6122.1137.5111.3193.4115.964.986.896.5

191.7243.7204.3178.0132.3139.3135.0151.1140.8142.0136.0

287268312283354257151272349304338293242

257264248241119

185.9

130.4143.8

164.9190.2202.7167.9198.4199.6227.0126.992.5

160.5188. 9115.2143.0

159.7

152.3175.5156.4187.9245.5211.0153.3178.0172.5175.9135.5217.6

142.4187.5147.3120.6295.6161.8135.8124.3151.1112.0226. 7118.166.383.699.9

202.4263.4216.0187.0137.7140.0135. 6151.7141.3142.2136.0

301281318305377275149294367320352311262

262268254245123

188.4

130.5144.3

167.0191.2206.9170.5204.9205.3227.3127.892.6

162.0191.4115.4144.4

163.2

154.7182.0157.9196.7252.7226.3155.7178.4170.6183.5135.4214.8

145.6191.0148.8121.6303.2164.0135.0124.1154.9114.4215.9124.366.585.4

112.0203. 1256.9216.2190.7139.7142.8136. 8152.3142.2143.0136.1

307284322318377267135320377328379313231

266272259251122

190.3

131.9145.7

168.8192.1209.7172.7205.7208.3237.5129.593.1

165. 0192.3115.9146.4

165.7

157.7183.9157.6199.2256.3232.9158.1179.9170.1183.9141.1222.3

148.2193.1150.9126.4307.3163.2138.8125.8154.4115.6236.7130.066.484.5

120.7200.3238.9209.2194.3141.4143.9139.1154. 7145.5145.5137.9

279257251261374248136320333300331307218

263270255248112

189.0

132.1146.3

167.5195.1204.7171.8204.4213.0224.8130.093.2

165.9193.0116.0146.4

160.8

154. 5174.9155.3185.3220.0210.0155. 2172.4160.2184.8144.82C6.2

147.5192.6151.1127.2303.8159.6134.6126.5154.3114.8201.5130. 766.685.8

121.7192.8207.2199.9194.7141.8144.4139.4155.3146.3146.8138.7

283262260284372256140295339302342298212

262267255247115

188.6

132.1146.4

166.9196.3202.3171.0201.1206.9224.7130.393.8

166.0194.9116.3146.2

161.4

155.8174.7

'152.9186.0218.0209.4' 155.7

173.8158.6179.8

«• 145. 7217.1

147.7193.1151.6127.4

•• 303. 8156.7136.1126.8154.4114.9211.4130.965.788.7

121.8' 185. 4

186.2«• 185. 9' 193. 8r 142. 0' 144. 7

139.4155.9147.7146.8138.7

291276268291371275142340351304347296214

264268258249117

190.8

132.0r 147. 4

169.3196.4207.9171.0205.8217.4233.8130.793.9

166.7194.7116.3147.8

162.7

157.5175.5

r 154.0186.7217.9204.4

r 157. 3' 176. 7

158. 0181.0

r 148. 6226.0

' 148. 6r 194. 9

152.5127.5

r 309. 2157.9

•• 136. 2126. 8153.8115.2

r 212. 3131.6

89.1121.8186.1199.3183.6191.7

r 142. 3r 145. 2

139.7' 157. 2r 149. 4

149.8138.7

289267261282370284141262£-.572.095.61291211

265270259250116

192, 1

v 132. 4» 150. 5

170.5197.5210.9171.1204.8218.0244.2131.894.1

168.6193.6116.5147.5

163.8

158. 4177.6153. 0189. 1213. fi219. 0158. ].177. 4156. a176. 0147. (i233.2

148. &196.3152.8128.2312.9157.8134.7125.9153. 3115.0205. 0132.6

122.1187.5218.0188.2185.6142.7145.8139.7157.1148.8150.0143.2

r Revised, v Preliminary.§ In August 1947 the number of foods included in the index was reduced from 61 to 50. Beginning July 1947 a new schedule was adopted for collecting prices of apparel, housefurnishings,

and miscellaneous goods and services; prices for these groups are obtained in 10 key cities each month and in 24 other large cities quarterly; prices are collected for 8 of the 24 quarterly citieseach month; information on rents is obtained at least quarterly in each of the 34 cities; national averages for the indicated groups and for rents are weighted averages of indexes for cities sur-veyed during the month and estimated changes for other cities in the index. For January-June 1947 rent changes were estimated from a survey of 5 or 6 cities each month.

cf Current prices on motor vehicles were introduced into the calculations beginning October 1946; April 1942 prices were carried forward in earlier computations; see previous issues of theSurvey for explanation and for October 1946-April 1948 indexes using April 1942 prices; May 1948 indexes using April 1942 prices are as follows: All commodities, 161.3; manufacturedproducts, 154.3, commodities other than farm products, 155.0; commodities other than farm products and foods, 144.9; metals and metal products, 138.8.

*New series. The series on prices paid by farmers and the parity ratio are from the U. S. Department of Agriculture; the latter is the ratio of prices received to prices paid, interest andtaxes; data for 1913-45 will be shown later. For a description of the Department of Commerce index of retail prices of all commodities, see p. 28 of the August 1943 Survey, and for revisedfigures for 1929,1933, and 1935-44, p. 31 of February 1946 Survey. Data for 1923-45 for the indexes of retail prices of the food subgroups are shown on p. 16 of the November 1946 Survey. Databeginning 1935 for the indexes of retail prices of "gas and electricity" and "other fuels and ice" will be published later.

fKevised series. Indexes of prices received by farmers for 1913-45 are shown on pp. 17-19 of the April 1947 Survey; data for June 15,1948, areas follows: Total 295; crops, 261; food grain,249; feed grain and hay, 278; tobacco, 370; cotton, 284; fruit, 155; truck crops, 213; oil-bearing crops, 364; livestock and products, 326; meat animals, 390; dairy, 291; poultry and eggs, 221. Forrevised data for 1941-43 for the indicated series on wholesale prices, except the furniture index, see p. 23 of the November 1945 Survey. The index of wholesale prices of furniture has been re-vised beginning January 1943; revisions prior to 1947 will be shown later; the revision has been incorporated in the group index and other composite indexes only beginning November 1947.


July 1948 SURVEY OF CURRENT BUSINESS S-5


1947


berDecem-

ber

1948

Janu-ary


COMMODITY PRICES—Continued

WHOLESALE PRICES— Continued

U. S. Department of Labor indexes— ContinuedCommodities other than farm, etc — Con.

Textile products 1926=100..Clothing doCotton goods doHosiery and underwear doRayon do __Silk doWoolen and worsted goods do __

Miscellaneous doAutomobile tires and tubesf doPaper and pulp _ _ do

Wholesale prices, actual. (See respective com-modities.)

PURCHASING POWER OF THE DOLLAR

As measured by-Wholesale prices . 1935-39=100-.Consumers' prices doRetail food prices . _ doPrices received by farmerst - -do

138.9133.9193.0100.837.067.9

129.2116.166.7

154.3

54.764.153.239.2

138.9133.9193.8100.837.068.4

129.21 112. 7

62.5154.2

54.463.652.439.3

139.5134 3195.9100.437.068.2

130.1113.060.8

157.2

53.363.151.738.5

140.8134.3199.299.937.068.2

133.3112.760.8

157.6

52.462.450.838.5

142.0134 4202.399.937.068 3

133.8115 960.8

159.5

51.161.149.137.2

143.0134 7204.6100.037.071 2

134.2117.160.8

159.8

50.861.149.636.8

144.7135 6209.1101.437.073 3

134.9118 861.0

160.7

50.460 649.537.0

147.6136 3213.5103.040.073.3

139.6121.563.4

164.7

49.359.948.335.3

147.6140 4214.8104.440.746 4

141.6123 563.4

168.1

48.659 247.734.7

148.4143 0214.9105.040.746 4

142.8119 963.4

167.1

50.059 748.938.1

' 149. 8144 6218.3105.440.746 4

r 145. 7120 863.4

167.0

49.959 949.437.7

149.6145.8216.7105.440.746.4

147.5121.863.4

167.5

49.559 148.136.6

149.6145.8215.2105.440.746.4

147.5121.563.4

167.4

49.158.747.436.8

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION ACTIVITY*

New construction, total mil. of dol—Private total do

Residential (nonfarm) _ _ doNonresidential building, except farm and public

utility, total mil. of dol..Industrial do .-

Farm construction - - doPublic utility do .

Public construction total doResidential do __Military and naval doNonresidential building, total do _.

Industrial _ . doHighway do _-All other do

CONTRACT AWARDS

Contract awards, 37 States (F, W. Dodge Corp.):Total projects _ _ number. _Total valuation thous. of dol

Public ownership do _Private ownership do

Nonresidential buildings:Projects numberFloor area thous. of sq. ftValuation thous. of dol

Residential buildings:Projects _ _ _ number..Floor area . thous. of sq. ft.Valuation thous. of dol

Public works:Projects _ _ - numberValuation thous of dol

Utilities:Projects _. _ _ numberValuation _ _ _ thous. of dol

Value of contracts awarded (F. R. indexes):Total, unadjusted __. 1923-25=100.-

Residential, unadjusted _ _ _ _ do_ __Total, adjusted do

Residential, adjusted doEngineering construction:

Contract awards (E. N. R.)§ thous. of dol. -Highway concrete pavement contract awards:^

Total thous. of sq. yd._Airports doRoads do. -Streets a n d alleys _ _ _ _ _ d o

NEW DWELLING UNITS AND URBANBUILDING

New permanent nonfarm dwelling units started (U.S. Dept. of Labor)* number

Urban building authorized (U. S. Dept of Labor):Urban dwelling units, total t number. _

Privately financed, total do1 -family dwellings _ _ _ _ d o .2-family dwellings doMultifamily dwellings _ _ . do .,

Publicly financed, total. do

1,032790355

24214140

153242

915423

10076

27, 769674, 657233, 873440, 784

4,55430, 238

235, 899

21, 25542, 672

254, 085

1,607119, 713

35364, 960

153130127110

514, 343

3,82835

2,6071,186

72, 900

r 41, 112Ml, 112r 33, 644' 3, 085

4,3830

1,162885405

25014050

180277

815432

12586

24, 044605, 070226, 471378, 599

4,35527, 561

209, 942

17, 60429, 213

209, 458

1,744142, 495

34143, 175

158127136116

517, 175

4,228212

2,4561,560

77, 200r 46, 986r 45, 981r 34, 591' 3, 480r7,910

1.005

1,264966455

25413960

197298

919422

13791

28, 734660, 254202, 571457, 683

4,91232, 123

253, 512

21, 56836, 774

240, 885

1,910127, 454

34438, 403

170138155136

524, 238

5,011169

2,4522,390

81, 100

' 47, 203r 47, 167r 36, 973

3,053r 7, 141

36

1,3641,042

500

260139

75207322

822451

14998

31, 886823, 216217,811605, 405

4,91541,682

290, 807

24, 78947, 805

308, 937

1,761137, 471

42086, 001

173148166150

413, 494

3,28579

1,4681,737

86, 300

-•51,313'51,121r 39, 233' 3, 521r 8, 367

129

1,4231,086

540

26713866

214337

722491

159100

27, 185649, 996192, 660457, 336

4,21324, 114

239, 915

21, 15430, 037

268, 543

1,522110, 556

29630, 982

184168183168

494, 805

2,760163

1,1331,464

93 800

' 52, 152'51,877r 40 834' 2, 992r g 051

275

1,4971,129

590

27513750

214368

923531

178105

36, 339793, 286208, 947584, 339

5,13433 478

277 888

29, 47352, 302

349 490

1,425112 726

30753 182

175164184170

575, 089

3,260203

1,9461 110

94 000r 56, 330' 55, 870r 42 825

3,536r g 509

4fiO

1,4321,141

630

28713625

199291

81950

(a)

11995

29, ?93715 108223, 505491 603

4,24928 552

243, 416

24, 14742 696

290 220

1,114138 606

28342 866

173157193163

474, 357

2,3495

1 592752

79 700

' 41, 875Ml, 010r 30 284

3,3167 410

rSfifi

1,3201 097

610

28413415

188223

81752

(a)

6581

21, 696625 363207, 481417 882

3, 25233 088

244, 495

17, 40232 192

226 796

809113 289

23340 783

159137197161

503, 384

2,863124

1 776963

58 800

' 36, 452* 36, 088T 26 596

2,443r 7 049

364

1,157948500

27313014

161209

914531

5677

23, 125615 206196 530418 676

3 29527 719

240 544

18, 89932 183

238 098

718108 891

21327 673

156126191152

441, 955

1,7236

1 040677

50 000

33, 34332, 52323 7042,2806 539

820

1,009837400

26512514

158172

611491

4165

20, 557681 967248,- 443433 524

3 20529 097

272 395

16, 33631 474

232 250

803143 033

21334 289

161135187152

474, 643

2,30410

1 425869

47 200

33, 28932, 16622 1801,8638 1231. 12fi

1,166940475

26612023

176226

5' 12

651

5787

27, 999689 763181 044508 719

3 62225 671

248 939

23, 22735 385

276 541

915109 596

23554 687

182156181148

508, 096

4,386361

2 6541 371

70 000

50, 94550, 86037 5904,0949 176

8K

1,3021 015

525

26311637

190287

613712

9899

37, 061873, 882236, 330637 552

T 4, 74634 478

337, 603

30, 44846 526

351 604

1 524132 598

34352 077

' 206r i8i' 181' 154

777, 159

5,073353

2 7341 986

92 000

64, 637' 64, 383r 45 700' 6, 993' 11 690

954

1,4451 106

575

27811250

203339

513772

136108

37 282970 789298 213672 576

4 90740 413

395 971

30 32051 710

369 780

1 659159 700

39645 338

v 230P 195P 191P 165

535, 184

5,12410

3 1871 928

97 000

52, 96452, 23141 3413,7067 184' 733

' Revised. » Preliminary, i See note marked "t" regarding revision incorporated in the index beginning June 1947. («) Less than $500,000.§ Data for, May, July, and. October 1947, January and April 1948 are for 5 weeks; other months, 4 weeks.t Based on weekly data combined into 4- and 5-week periods except that a week falling in December and January is prorated; see note in February 1947 Survey.*New series. Data for a number of items under new construction activity have been revised beginning 1945 and there have been revisions in earlier estimates for some series; revised figures

from the earliest year available are published in a supplement to the May 1948 issue of the Department of Commerce Industry Report on Construction and Construction Materials. The seriesfor new permanent nonfarm dwelling units replaces the one previously used, "Estimated number of new nonfarm dwelling units scheduled to be started." It differs from the latter in tworespects. First, the part of the estimates based on building permit records has been adjusted for lapsed permits and for lag between permit issuance and start of construction, beginning with1945. Thus, the new series represents units actually started. Such adjustment was unnecessary prior to 1945 when most building was begun during the month of permit issuance. Secondly,the new series excludes all temporary dwelling units, since these do not add to the country's permanent housing inventory. Data beginning 1910 are available upon request from the U. SDepartment of Labor.

t The index of purchasing power of the dollar based on prices received by farmers was revised in April 1944 Survey. Data for 1920-44 for new urban dwelling units authorized (formerlydesignated scheduled to be started") are shown on p. 15 of the November 1946 Survey (unpublished minor revisions for January 1946-April 1947 are available upon request); these data andthe indexes of urban building, p. S-6, represent the building for which permits were issued and Federal contracts awarded, including an estimate of building in small urban places that do notissue permits; the data do not refer to building actually started. The index of prices of tires and tubes has been revised beginning 1939 (see note in June 1948 Survey); the revision has beenincorporated in the group and other composite indexes only beginning June 1947.


S-6 SURVEY OF CURRENT BUSINESS July 1948


1947


berDecem-

ber

1948

Janu-ary


CONSTRUCTION AND REAL ESTATE— Continued

NEW DWELLING UNITS, ETC.— Con.

Indexes of urban building construction, authorized(U. S. Bept. of Labor) :t

Number of new dwelling units authorized1935-39= 100. _

Permit valuation:Total building construction do

New residential buildings doNew nonresidential buildings doAdditions, alterations, and repairs do

CONSTRUCTION COST INDEXES

Aberthaw (industrial building)- ..1914=100..American Appraisal Co.:

Average, 30 cities 1913=100Atlanta doNew York _ __ do.San Francisco doSt. Louis do.

Associated General Contractors (all types)1913=100..

E. H. Boeckh and Associates, Inc.:Apartments, hotels, and office buildings:

Brick and concrete:Atlanta .U. S. average 1926-29=100..New York doSan Francisco _ do_ _St. Louis do

Commercial and factory buildings:Brick and concrete:

Atlanta _ doNew York doSan Francisco . . doSt. Louis do

Brick and steel:Atlanta do. .New York-. _ doSan Francisco . _ _.do_ _St. Louis do

Residences:Brick:

Atlanta doNew York _ _ _ do.San Francisco doSt. Louis _ do.

Frame:Atlanta doNew York _ do.San Francisco . do. _St. Louis , do

Engineering News-Record:Building*. 1913=100.Construction (all types) of do

Federal Home Loan Bank Administration:Standard 6-room frame house:!

Combined index 1935-39—100IVTaterials doLabor do

REAL ESTATEFed. Hous. Admn., home mortgage insurance:

Premium -paying mortgages (cumulative)mil. of dol_.

Estimated total nonfarm mortgages recorded($20,000 and under)* .. thous. of dol

Estimated new mortgage loans by all savings andloan associations, total _ thous. of dol.

Classified according to purpose:Mortgage loans on homes:

Construction doHome purchase. _ . . . do. .Refinancing.. _ do.Repairs and reconditioning do

Loans f o r a l l other purposes _ _ _ _ _ d o _ _Loans outstanding of agencies under the Home

Loan Bank Board:Federal Home Loan Banks, outstanding advances

to member institutions mil. of dolHome Owners' Loan Corporation, balance of

loans outstanding mil. of doL__Foreclosures, nonfarm, index, adjusted t

1935-39=100..Fire losses . _ thous. of dol

' 237. 1

' 345. 1338. 5

r 165. 4r 241. 1

419448432392105

290

155. 4205.9178.4182.8

154.3207.0180.8185.4

154. 4203.6181.1182.1

180.4219.3189.0202. 2

184.1221.8187.4202. 2

307.4406.6

183.7189.1175.5

7,147

965, 733

335, 074

78,612186, 14828, 38311, 55830, 373

257

570

'6.656, 545

271.0

278.2387.7180.9284.2

300

427448438396421

294

160.3211.2186.6187.8

159.6212.5190.6187.8

158.8206.6188.0187.5

184.0223.4195.1205.6

187.9225.0194.0207.2

308.9413.8

184.8189.0179.2

7,217

947, 357

323, 368

69, 700184, 62628, 94811, 96328, 131

289

557

'7.050, 840

271.9

306.1405.4217.8311.5

437458442409430

295

162. 4215.5188.9189.9

161.2214.9192.4189.4

161.4209.4190.8190.1

185.4225.5196.7207.0

189.3227.1195.6208.6

317.8422.9

185.1188.5181.0

7,295

994, 787

353, 105

85, 867194, 05728, 93613, 41030, 835

292

544

'6.949, 357

295.9

323.5447.9232.4279. 9

446470448417441

300

164.1216.4192.5191.2

162.3216.0197.4190.8

165.0210.4195. 7192.3

185.6225.9198.4207. 5

189.5227. 5196.3209.0

322.6426.4

7,377

988, 446

351, 757

83, 355200, 18325, 26313, 01829, 938

314

532

'6.951,359

300.9

319.5459.1216.7298.1

304

452475452424446

307

165.0218.5195.4192.2

163.0217.4199.6191.5

165.8213.8198.9193.4

186.9228.7207.1210.7

191.0231.0206.2213. 0

327. 3434.6

7,473

1,022,648

356, 871

86, 097203, 44327, 32212, 29727, 712

336

520

'6. 647, 990

324.5

344.7516.2216.5291.9

456479469427449

312

165.5219.0196.2193.6

163.4217.8200.2192. 5

166.2214.2199.5194.5

187.3229.1207.7212.1

191.4231.4206.8214.0

329.2436.9

7, 593

1, 103, 030

376, 000

95, 364208, 48828, 52313, 21330, 412

360

508

••6.654, 946

241.9

285.5399.8211.9219.8

464494480429456

314

166.9219.8196.8194.9

164.5218.4200.6193.4

169.4215.1200.2196.3

189.3231.3209.7217.5

194.0234.1209.3220.9

333.1441.1

7,691

954, 569

311, 292

76, 718170, 83124, 74710, 41528, 581

391

497

'5.851, 346

210.2

274.0345.8228.6230.8

307

468501488433459

318

168.6225.1199.8198.1

166.7224.6206.8200.9

171.4220.0202.9199.6

191.9242.7212.7220.6

196.7238.8210.5224.0

333.6441.7

7,816

1, 006, 626

310, 201

82, 234163, 70326,0429,806

28, 416

436

486

'6.768, 361

192.3

243.7309.7196.2218.8

472505491435462

320

172.1225.2201. 6.199.4

172.7224.8208.9202.3

173.8220.1203.9200.4

194.4239.2213.8221.4

198.5243.2211.5224.8

335. 5442.7

7,954

909, 447

273, 202

70, 274140, 12225, 8568,679

28, 271

392

475

'6.563, 010

192.0

236.8315.9182. 2200.6

475508495436469

321

172.4233.9201.9200.2

172.9237. 0209.1202.9

174.0229.9204.1201.3

194.6244.8214.0223.6

198.7246.4211.7227.5

334.2443.6

8,084

826, 874

254, 581

66, 894126,46223, 5118,374

29, 340

373

465

6.871, 521

293.4

360.9484.5287.2274.9

310

478514502437470

321

173.6235.9202.7200.6

175.3238.5209.5203.0

175.3232.1204.4201.5

196.2248.6214.9223.8

199.7250.7212.7227.5

334.6443.0

8,244

955, 441

318, 602

97, 325146,21329, 67711,51933, 868

374

454

7.074, 236

' 372. 8

r 408. 6>• 622. 9' 253. 0' 330. 1

481515503441471

321

173.6237. 1202.8200.6

175.3239. 3209. 620^.0

175. 3234. 5204. 6201.5

196.2249.3214.9223.8

199.7251. 6212.7227.5

333.9447. 9

8, 396

993, 678

336, 947

97, 458156,70130, 97314, 18937, 626

397

444

63, 751

307.8

373.4530.4261.8310.0

325

485523503439470

321

173. 9237. 4202.9208.7

175. 5239. 5209. 7210.7

175.5234. 7204.8209.0

196. 4249.5215. 6230.0

199. 9251. 8213.6234. 2

339. 3455. 8

8, 547

999, 453

332, 441

93, 315161, 309

29, 40C14, 3CS34, 10S

418

434

59, 256

DOMESTIC TRADE

ADVERTISINGAdvertising indexes, adjusted:!

Printers' Ink, combined index 1935-39=100..Farm papers cf doMagazines doNewspapers do. _Outdoor . _ doRadio do

281320

'338229295

r288

284331342230287289

263283298215303284

262308280218319291

281309331217289298

284321335214287309

277314330200258312

269312313199229320

258301291205290303

289350321242312319

>-290'351' 346

227322308

294'392

333'247

294314

P302»39&v 343

250329312

7 on p. S-5.nuary 1939 to September 1942 see p. S-5 of the November 1942 Survey. See note in the Febru-

lex of building costs; revisions for November 1946 to March 1947, inclusive: 280.0; 294.6; 301.6; 303.3; 305.2.I -txeviseu series. ± ue IIIUCA ui uuiiiarui luiwiusuies juaa ueen revised beginning 1938 because of changes in the seasonal adjustment factors and discovery of certain errors in reporting; revise:!

data for January 1938—April 1947 are available upon request. Indexes of advertising from Printers' Ink have been completely revised and. all series are now based on dollar costs; data beginning1935 and a description of the indexes will be published later. The indexes of cost of the standard 6-room frame house are shown on a revised basis beginning in the April 1946 Survey; revisionsuntil iui Jniiueu y i»oo—-tvpj. 1.1 i»t/ nic avaiiauic upuu. icûcot. J.HU.CA.OO ui ciu-vci 1/101115 IHJIAJ. j. j U-LI/ÎO AIJ.JV j_ici v1935 and a description of the indexes will be published later. The indexes of cost of the standard 6-room fr;beginning November 1935 will be published later; the indexes were discontinued after June 1947.


July 1948 SUEVEY OF CTJKRENT BUSINESS S-7


1947


berDecem-

ber

1948

Janu-ary


DOMESTIC TRADE—Continued

ADVERTISING— Continued

Tide advertising index, adjusted* 1935-39—100Radio advertising: §

Cost of facilities, total thous of dolAutomobiles and accessories. . d oClothing doElectric household equipment .. _ _ doFinancial _ doFoods, food beverages, confections _ doGasoline and oil _ _ doHousefurnishings, etc doSoap, cleansers, etc _ _ _ _ _ doSmoking materials doToilet goods, medical supplies _ doAll other do

Magazine advertising:Cost, total _ _ _ _ _ _ d o

Automobiles and accessories doClothing _ doFlectric household equipment doFinancial _ _ _ _ doFoods, food beverages, confections doGasoline a n d o i l _ _ _ _ _ _ d oHousefurnishings, etc doSoap, cleansers, e t c _ _ _ _ _ d oOffice furnishing and supplies doSmoking materials _ _ _ _ doToilet goods, medical supplies doAll other _ _ _ do

Linage, total thous. of lines..Newspaper advertising:

Linage, total (52 cities) _ _ _ doClassified doDisplay, total _ . - d o

Automotive doFinancial _ . _ doGeneral doRetail do

GOODS IN WAREHOUSES

Space occupied in public-merchandise warehousespercent of total. .

POSTAL BUSINESS

Money orders:Domestic, issued (50 cities):

Number __ _ thousandsValue thous. of dol__

Domestic, paid (50 cities):Number _ thousandsValue thous. of dol__

PERSONAL CONSUMPTION EXPENDI-TURES

Seasonally adjusted quarterly total at annual rates : *All goods and services bil. of dol

Durable goods * _ doAutomobiles and parts doFurniture and household equipment doOther durable goods . _ do

Nondurable goods doClothing and shoes doFood and alcoholic beverages _ doGasoline and oil doSemidurable house furnishings. _ _ _ doTobacco _ _ _ _ _ . doOther nondurable goods.. do

Services _ doHousehold operation doHousing doPersonal service _ _ _ _ doRecreation doTransportation _ _ doOther services do

RETAIL TRADE

All retail stores:fEstimated sales, total .mil. of dol_.

Durable goods store doAutomotive group do

Motor vehicles do_.I.Parts and accessories do

Building materials and hardware doBuilding materials doFarm implements doHardware .do

Homefurnishings group doFurniture and housefurnishings doHousehold appliance and radios do

Jewelry stores do

196.2

16, 009573111801412

4,120499177

1,7221,4334,7841,877

42, 8012,6014,6611, 541

6985,246

6273,5301,182

995860

6,12014, 7404,332

172, 37641, 301

131, 0766,5121,950

28, 21094, 403

89.2

4,28089, 824

13, 771188, 244

10, 0202,436

993847147744461

79204593397196106

202.9

14, 994505100275400

3,883499167

1,6061,4304,516ls 613

40, 0332,7723,1251,376

6545,348

6832,6671,173

7631,1255,926

14,4213,413

163, 13039, 341

123, 7897,0141,933

26,01188, 831

88.7

4,17787, 284

16,948178, 353

' 164. 2'21.1

r 7. 4'9.8

3.9'96.3

19.6'57.5'3.7'1.8'3.9'9.8

'46.7'6.9

' 14. 13.2

'3.84.4

'14.3

9.4892,402

987839148741476

77187570368202104

218.3

14, 227441130314381

4,106432172

1,5421, 5953,9821,132

3, 377

145, 26337, 778

107, 4856,2142,299

22, 46776, 505

88.1

4,33487, 320

13, 253186, 565

9,3572,4031.014'86115377050977

18453633420284

225.9

14, 461485187278393

4,268439172

1, 4831, 5683, 8681,318

4,132

157, 98040, 625

117, 3556,1071,769

22, 88186, 597

88.3

3,82281, 664

12, 587166, 697

9,6292,396

99483915576351470

17955034720389

231.1

15, 252527151345367

4,402428156

1,7151,5804, 2681,314

i 99, 308i 7, 555

1 10, 1911 3, 872i 1, 567

1 13, 543i 2, 1421 6, 051i 2, 5581 1,6501 2, 827

1 12, 7711 34, 582

4,738

173, 87141, 610

132, 2625,4381,809

27, 17197, 843

87.7

4,04189, 874

13, 334197, 141

' 165. 6'21.1

'9.93.9

'96.8'19.2'58.3'3.6'1.8'3.9

'10.0'47.7

'14.63.2

' 38'4.5

' 14. 5

10, 1412 5821,052

89915283957571

19359438521097

221 4

17 376597139379471

5,128420168

1,7041,8094,9671,594

4,763

198, 47844, 141

154, 3376,5522,194

33, 444112, 148

86.8

4,40191, 665

15, 371223, 262

10, 9102,8311,148

988160941645

92204641408233101

220 8

16 905739195333440

4,907450172

1,4991,6624,6881 820

4, 474

194, 80841, 447

153, 3615,9572,033

32, 004113, 367

87.6

4,18585, 095

13, 922196, 844

10, 7272 6381,070

91016079652871

197651425225121

210 1

17 7-8072892

511464

5,203504152

1,6471 8485,0331,600

2 126, 4362 7 308

2 13 1912 7, 0172 1, 833

2 17 3992 1, 3312 9 9522 2, 5852 2 5322 3, 073

2 15 6912 44, 524

3,229

186, 91337, 530

149, 3835,2151,986

24, 935117, 247

88.1

4,71091, 655

15 652214, 581

' 171. 1'22.1

' 10 3'4.0

' 100. 2'20.0' 59 6'3.8

1.9' 4 0

' 10.9'48.8

' 15 23 2

' 3 8'4 5' 14.8

12, 6572 9581,080

91116880949562

252791496295279

17 544693121569450

5,000585254

1,5441 7984, 9911 538

27 6882 6041 887

' 1,012585

' 4 517304

' 1 117' 613

414918

'3 793' 9, 923

3,641

155, 42839, 600

115, 8285 1802,896

20 40487, 348

88.2

4 58692, 651

14 412201, 299

9,6952 3161,062

946117680450

7115949631018678

16 715' 717133543482

4,766564232

1,4521 5954,6941 535

37, 4862 7713 640

' 1, 590666

' 6 311381

' 1 916' 1, 155

495883

' 5 584' 12, 094

4,175

167, 94540, 048

127, 8976,1811,869

25, 47794, 369

88.5

4 33986, 412

13 135186, 247

8,9212 137

99588610960639861

14646629417271

17 803699118603511

5,122536225

1,7341,7705,0311,456

47, 9923 4506,1212,446

7266,748

6402,8021,104

850990

4, 581

189, 55543, 985

145, 5716,3942,225

28, 106108, 846

89.2

5,281106, 540

16, 749240, 369

'172 3'21.4

'9 8'3 8

'101 3r 18.6'61 7'3 9' 1 9'3 Q

r 11.3'49.6

r 15 4

3 2'3 8

4 5'15 1

10, 6332 6781,2721.133

13975749182

183571362209

78

4,391

197, 22145, 848

151, 3737,0472,295

30, 475111, 557

'88.8

5,12295, 871

15, 552220, 748

' 10, 614' 2 832' 1, 242

1,086'156' 878'567

98' 214'632'405r 227

82

4,288

197 80947 643

150 1667 5572 120

31 092109 396

87.4

4 47088, 565

14 252198, 921

10, 7082 7161,089

93115889458693

21663842021895

» Kevised.. * Total for July, August and September. 2 Total for October, November and December.$ Biginning January 1948, data include advertising in farm magazines and several other magazines not included previously and data for stoves and ranges other than electric formerly

classified under house furnishings, are included under electric household equipment and there have been additional minor changes in the classifications. More complete information on thesechanges will be published later.

*New series. For a brief description of the Tide index of advertising see note marked "*" on p. S-6 of the April 1946 Survey, data beginning 1936, are available on request. The estimatesof consumption expenditures have been recently revised beginning 1944; revised figures for 1944-47 for the grand total and for total durable goods, nondurable goods, and services are shown as acomponent of gross national product on p. 28 of this issue; earlier figures for these series and detailed annual estimates of consumption expenditures for 1929-44 are available in the "National In-come Supplement" referred to in note marked "*" 011 p. S-l; quarterly data beginning 1939 for all series will be published later.

fRevised series. See note marked "t" on p. S-7 of the September 1947 Survey for reference to tables giving data through June 1944 and 1945 revisions for sales of all retail stores; the season-ally adjusted indexes beginning 1942 shown in those tables arid later data published currently on p. S-8 were recently revised because of changes in the seasonal adjustment factors and boththe dollar figures and indexes beginning January 1946 were revised in the January 1948 issue, largely because of adjustment of the series to sales tax data for 1946; all data shown above are onthe revised basis; revised dollar figures for all months of 1946 and revised indexes for 1942-46 are shown on p. 10 of the January 1948 Survey.




1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary



RETAIL TRADE— Continued

All retail storesf— ContinuedEstimated sales— Continued

Nondurable goods stores mil. of dolApparel group _ do _ _

Men's clothing and furnishings do _ -Women's apparel and accessories doFamily and other apparel _ _ _ __ do _ _Shoes do

Drugstores - doEating and drinking places doFood group do

Grocery and~ combination doOther food do

Filling stations -_ doGeneral merchandise group do

Department, including mail-order doGeneral, including general merchandise

with food. mil. of doLOther general mdse. and dry goods. __doVariety do

Other retail stores _. ._ do _ _Feed and farm supply doFuel and ice _ _ doL/iquors doOther do _ _

Indexes of sales:Unadjusted, combined index 1935-39=100._

Durable goods stores _ ._do . _Nondurable goods stores do

Adjusted, combined index do _Durable goods stores do

Automotive - - -- doBuilding materials and hardware doHomefurnishings _. _ _ doJewelry do

Nondurable goods stores do_ _Apparel doDrug do _-Eating and drinking places doFood -- - do .Filling stations.. doGeneral merchandise _ _ _ _ _ doOther retail stores do

Estimated inventories total* mil of dolDurable goods stores* doNondurable goods stores* do

Chain stores and mail-order houses :fSales, estimated, total* - _ . do. ._

Apparel group* doMen's wear* _ doWomen's wear* doShoes* _ _ . -_. _ . - do_ _

Automotive parts and accessories* doBuilding materials* .. do. _.Drug* _ do _Eating and drinking* doFurniture and housefurnishings*. _ _ do. _.General merchandise group* do

Department, dry goods, and general merchan-dise* mil. of dol__

Mail-order (catalog sales)* doVariety* do

Grocery and combination* do _Indexes of sales:

Unadjusted, combined index* 1935-39=100.-Adjusted, combined index* do_ _ _

Apparel group* doMen's wear* _ doWomen's wear* _ do. _Shoes* do

Automotive parts and accessories* doBuilding materials* ._ _ d o _Drug* doEating and drinking* doFurniture and housefurnishings* do. __General merchandise group* do

Department dry goods, and general merchan-dise* 1935-39=100

Mail-order* ._ doVariety* do ..

Grocery and combination* doDepartment stores:

Accounts, collections, and sales by type of pay-ment:

Accounts receivable :Charge accounts! 1941 average =100..Instalment accounts§ do

Eatio of collections to accounts receivable:Charge accounts § percent..Instalment accounts § do

Sales by type of payment: *Cash sales .. _ _ .percent of total sales. _Charge account sales doInstalment sales do

7,584778192345103138304

1,0782. 7.1 22, 162

550442

1,316874

165130147954272144151387

301.3302.2301.0299.7287.4214.1332.1428.1430.3303.7301.9250.1416. 1331.8203.0254. 2315. 8

r 11,7703,972

r 7, 798

2,15824441

115684490695227

552

32885

127748

275.6278.6308.0294.4394.2229.7246.0306.5230.2223. 5242.0271.7

324.6269.1192.9316.1

16781

5630

55396

7,08770718929196

131290

1,0322, 5181,995

523440

1, 195788

153120134905249155134368

302.9309.4300.8301.6297.7222.1343.1444.2442.6302. 9300. 3248.8406.5329.0201.9253. 1329,5

11, 5943,9547, 640

1,99722939

103684493655026

509

30477

116661

277.1280.9305.0286.7388.1233.4241.6325.1223.9226.5256.9275.2

332.6265.8193.7316.7

16582

5428

55396

6,954558134241

77106293

1,0522,6182,083

535472

1,074677

155110133887251153134349

287.1298.4283.4301.2296.9222.8353. 4426.7417.4302.6293.8246.5409.6329.8221.7251.6317.5

11,4313,8787,553

1,938181258853

. 4597655224

473

27968

115683

258.3280.5306.5292.1382.3241.2232.4328.6222.9222.8243.1273.9

329.0270.0192.7320.5

14683

5328

57376

7,23360613927186

110300

1,0892,7142,170

544485

1,156743

157115140884238139148359

289.7297.3287.2298.0297. 5220.4359. 5428.4416.0298. 1277. 0252.3406. 0324.4221.3249.5313.4

11,8153,9547,861

2,0361872790554699685225

518

30382

121722

257.0280.3300.6305.7360.3240.8240.0333.7229.0220.2245.9272.4

322.4276.3194.2322.4

14584

6128

56386

7,559825201367114143298

1,0862, 6092,063

546466

1,345907

160132146930244170132384

323.6332.6320.7314.7322.5243.1388. 3455.6438.6312.1313.9254.6418.3340. 6218.7258.0329.2

12, 1554,0138,142

2.133'246

441097242

112665227

593

347108126662

295.6291.0326.1346.5390.2253.7228.3361.5229.7221.3265.1286.3

347.9259.0208.7326.0

16787

5331

54406

8,079858212387120139307

1,1312,8252,243

582483

1,457986

168141162

1,018266181162409

328.6343.1323.9317.6327.6255.8395.8439.4409.1314.3293.8257.1426.7355. 2219.6248.4335. 1

13, 0994,1828,917

2,31925347

1137141

117695429

645

366126140754

301.6287.7300.8288.5365.9246.6213.3334.8227.2218.7218.5275.0

322.7265. 7207.4339.5

18195

5731

53407

8,089906247395134131296

1,0332,7682, 212

556496

1,6051,111

168149177985214189162420

342.1348.6340.0324. 7331.5252.1401.2464. 8415.4322.5321.5254. 4408.6357.0240.9266.6343. 3

13, 4874,1959,292

2,34826055

116674788685035

696

399132153755

320.0297.4323.3333.7398.0244.8250.4326.1226.0211.9279.3292.6

347.9283.0214.7338.1

204111

5530

53407

9,6991,202

350495182174401

1,0852,9952,377

618496

2,2071,478

194210326

1,313245260246562

386.1367.5392. 1329.9340.5265.0408.3463.8426. 3326.5310.8251.4423.1363.4230. 2272.6353.8

12, 426r 4, 148

8,278

2,85135265

162965676975442

954

528130281786

377.2301.9320. 8304.5397.3256.9251.8334.4226.8219.1269.3306.0

350.5305.0240.4337.5

264136

5429

54397

7,3796271562858798

2931,0082,8732,308

565479

1,081719

136104122

1,019240309146325

293. 0' 287. 2

294.9324.5330.3260.9394:1441.1410.1322.6290.5254.8418.7372.3243.3248.8351.0

12,7794, 3588,421

2,0141733280462880665121

449

24984

105804

259.1289.9281.1278.0353.5211.2205.3355.0228.0220.2261.1268.4

322.3256.5193.4350.1

206127

5324

5439

7

6,7845651362627988

280942

2,5922,060

532. 4351,033

690

12297

125938223278131306

295.2285. 8298.3322.1326.2261.5390.2425.2388.6320.8292.1255.3418.9369.0238.8249.0346.1

13, 6254,6348,991

1,8741703082442868664922

431

23084

108725

269. 1292.7293.2285.5373.8217.5206.2345.6234.5223.0258. 7271.9

322.3256.3205.4353.7

181124

4923

53407

7,955854194394116151300

1,0432,8422,247

594495

1,384940

148127168

1,038278243145372

321.0325.3319.6327.9341.9287.6389.9433. 9391.6323.3292.6256.1422.4371.8251.7253. 3339.1

14,2805.0119,269

2,31328848

138783781695428

599

330113146797

303.2300.6305.7282.5393.9232.3223.1332.5231. 6228.6261.7286.0

343.6263.0212.7359.8

'190129

5327

'5241r 7

' 7, 779'738

170'346

96'126'289

' 1, 0472,8502, 255

595523

1,336910

160125142

'996294166

'144393

r 330. 4r 356. 6

321.8' 336. 5r 357. 8T 296. 4r 408. 2r 469. 6

404.7r 329. 6r 298. 2'251.4r 425. 5

376.4261.6

' 268. 7r 338. 6

r 14, 164r 4, 946r 9, 218

' 2, 267'240

42112'65'44

'102••65

52'28586

348103123792

r 304. 1r 313. 9r 326. 8r 299. 4r 419. 8r 247. 3r 254. 2r 358. 3r 225. 3r 227. 5* 252. 7

313.8

387.4285.1220.3363.3

'192'131

'5125

51418

7,992763179350100134SCO

1, 0642, 9642,348

616550

1,357902

171131153994269182142402

328.2345. 8222. 5328.9334.8249.4411. 5480. 3400.8327.0301.9249. 5410.3372.5252.7269.2343. 4

p 13, 808p 4, 809* 8, 999

2, 35525640

1257047

112675228

588

35786

132844

310. 9311.3321. 7300.7414. 8242.2254.8365. 5225. 0225. 6264.8297. 9

364. 4283. c206.1371. 0

193136

5224

52417

' Kevised. §Minor revisions in the figures prior to November 1941 are available on request.*New series. See note marked "*" on p. S-8 of the September 1947 Survey for reference to tables giving data through 1943 and 1945 revisions for the chain-store series; the adjusted

indexes beginning 1942 shown in those tables and later data published currently were revised recently because of changes in the seasonal adjustment factors and the dollar figures for the gen-eral merchandise group and the total beginning January 1946 were revised in the January 1948 Survey, necessitating further corrections in indexes for 1946 and 1947; revised indexes for!942-46and dollar figures for 1946 for the two series affected are shown on p. 11 of the January 1948 Survey.iryey. See p. S-9 of the August 1944 Survey for data beginning June 1943 for the series on depart-

»r inventories of retail stores are shown in the article "Revised Estimate of Retail Inventories,


July 1948 SUEVEY OF CURRENT BUSINESS S-9


1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary



RETAIL TRADE— Continued

Department stores— ContinuedSales, unadjusted, total U. S.f 1935-39 --=100__

Atlantaf doBostonf _ doChicago^ doCleveland! doBallast doKansas Cityf - doMinneapolis! - doNew York f do _Philadelphia! doRichmond! _ _ _ _ _ d o _ _St. Louis! doSan Francisco! _ do_ _

Sales, adiusted, total U. S.f- cloAtlanta! doBoston! _ _ _ doChicago! doCleveland!- _ _ _ _ _ _ . _ d oDallas! doKansas City! do_ ._Minneapolis! _ _ _ doNew York! doPhiladelphia! doPichmond! doSt. Louis! doSan Francisco! do

Stocks, total U. 8., end of month:!Unadjusted 1935-39=100Adjusted do_ _

Mail-order and store sales:Total sales, 2 companies thous. of dol__

Montgomery Ward & Co doSears, Roebuck & Co do

Rural sales of sreneral merchandise :Total U. S., unadjusted 929-31=100

East _ _ doSouth doMiddle West d o _ _ _F a r West . . d o

Total U. S., adjusted doEast _ doSouth doMiddle West doFar West do

WHOLESALE TRADE

Service and limited function wholesalers:*Estimated sales, total mil. of dol__

Durable goods establishments _ _ _ _ _ _ d oNondurable goods establishments _ do

All wholesalers, estimated inventories*^. do

280r 348

241270283356297

' 262237261

r289315

-303'289

367244276298

r378306

-•273253

-•259r301

321325

'253252

275, 884104, 322171,562

?92. 5296.3382.9250.6328.8318.6322.1451.5264. 7365.7

4,9521,7633,1896,734

266307232270267307281264231238278269299289365249278284361305278249256317299330

237242

253, 09189,635

163, 456

287.7278.0384.3251.1335.3315.8302.8478. 0266.0351. 8

4,8431,6993,1446,755

219269164219220288250217171185215249278286336237281281378298268251257301320327

232231

231, 95784, 330

147, 627

243.1223.2332.0215.1288.7333.0313.5489.0291.5352.1

4,9971,6363,3616,660

236310176224237327277242179193233264308283352234266273376307271246258282307348

245227

254, 73897, 334

157, 405

306.6297.0403.9262. 5372.8374.8372.6560. 2318.2404.8

5,0931,6693,4246,768

299368248296293387336311244

r266322340336292361236290290368323287239266303337336

256231

306, 643117,507189,136

375. 9340.6523.6320.8446.9355.6346. 5474.3313.038]. 9

5. 6541J8193, 8356,888

298372234284290396336304253280324330343277348211266271360320276

r226265297308333

283251

333,123127, 144205, 979

405.1398.1612. 6333.4446.3311.8309.3413. 3262. 5371.6

6, 3922,0324,3606,930

374460306364371507392335323370394428411302383248298296415335281248280310339339

295273

355, 255129, 206226, 048

484.6491.4727.8405.4515.3372.5381.2530.1309.2424.8

5,7401, 8533,8877,370

483619419455479633505424408460542516554303394243293309388334277241277322337352

243283

415, 686148, 113267, 573

466.6448.6644.9389.9568.2291.8269.4429.3249.9348.1

5, 8771,9263,9517,499

224284170217216316245214192204214239274284355216271284390306286240272286291339

252288

230, 79474, 116

156, 679

273.8262.8423.8224.6301.4359.7345. 8535. 7293.6410.1

5,4701,7743,6967,634

237316174225233324254206202216245258288283359223281284368292267241280306307319

278303

215, 57575, 631

139, 944

299.8295.7462.6250.5309.4370.5361.5507.3315.1418.1

5,0141,7633,2517,835

284387228266284384301263234284317318319284368235274270384307278229263317318331

302312

301, 627107, 103194, 524

358.8370.4485.1309.4382.3408.6412.4537.2349.2464.5

5,6082,0353,5738,200

287366

'231283280399320

••284237

'262295326

"324'304

390'233

289295448337283255278321343

'353

307308

319, 342115, 382203, 959

342.6343. 3467.7293.4375.6372.8360.2530.8314.2420.6

5,551r 2, 081

3,4698, 115

?299375

*240289304393

f 326z>294

252287312333

P329f 309

394P242

289320418

P336^306

268284314340

P354

P296P295

297, 939104,612193, 327

350. 5306. 9428.4275.1362.7381.8333. 6505. 1290.5403.4

5,2541, 9403,3148,078

EMPLOYMENT CONDITIONS AND WAGES

EMPLOYMENT

Employment status of noninstitutional population:*Estimated number 14 years of age and over,

total thousFemale doMale _ _ _ _ _ _ _ . d o

Armed forces doCivilian labor force, total do

Female doMale _ do

Employed doFemale . _ _ _ _ _ _ _ d oMale _ doAgricultural employment doNonaericultural employment do

Unemployed _ _ _ _ _ _ _ _ d oNot in labor force do

Employees in nonagricultural establishments:!Unadjusted (U. S. Department of Labor):

Total thousManufacturing doMining doConstruction _ doTransportation and public utilities doTrade _ _ _ doFinance doService _ . doG overnment do

Adjusted (Federal Reserve):Total do

Manufacturing doMining _ . _ _ _ _ doConstruction doTransportation and public utilities. . _ _ do_ _ _Trade d o _ _ . _

107,33054, 46052, 8701,470

60, 29017,12043, 17058, 33016, 58041, 7508,960

49, 3701,960

45, 570

' 43, 345•• 15, 569

r 910' I, 865' 3, 981' 9, 277' 1, 643

4,590'5,510

r 43, 457r 15, 693

' 912T 1, 847' 3, 967r 9, 347

107, 40754, 50652, 9011,398

62, 60918, 14944, 46060, 05517, 30242, 75310, 37749, 6782,555

43, 399

' 43, 816' 15, 672

'919r 1, 957r 4, 129' 9, 324' 1, 650

4,711' 5, 454

r 43, 860r 15, 725

'916' 1, 900' 4, 080r 9, 430

107, 50454, 56152, 9431,371

62, 66417, 80344, 86160, 07917, 00843, 07110, 06650, 0132,584

43, 469

' 43, 686' 15, 580

••890' 2, 043' 4, 155' 9, 316»• 1, 675

4,686' 5, 341

r 43, 854r 15, 705

'883r 1, 927'• 4, 097' 9, 458

107, 59054, 61252, 9781,352

61, 66517,12544, 54059, 56916,54743, 0228,975

50, 5942,121

44, 573

' 44, 125' 15, 962

••923'2,096' 4, 163«• 9, 356' 1, 688

4,619r 5, 318

' 43, 967r 15, 804

'916r 1, 959' 4, 102' 9, 497

107, 67554, 66153,0141,326

60, 78417,23343, 55158, 87216, 71442,1588,727

50, 1451,912

45, 544

' 44, 513r 16, 175

'921r 2, 107r 4, 134' 9, 471' 1, 668

4,634r 5, 403

r 44, 291r 16, 039

'918' 1, 969 '* 4, 128r 9, 542

107, 75554, 71053, 0451,327

60, 89217, 44943, 44359,20416, 94442, 2608,622

50, 5831,687

45, 535

' 44, 758T 16, 209

'922' 2, 099'4 097r 9, 684' 1, 671

4,662r 5, 414

r 44, 557' 16, 161

'919r 1, 999' 4, 101r 9, 613

107, 83954, 75953, 0801,294

60, 21617, 06843, 14858, 59516, 62341, 9727,985

50, 6091,621

46, 330

' 44, 918r 16, 256

'923r 2, 046' 4, 077' 9, 886r 1, 673

4,670r 5, 387

' 44, 625' 16, 161

' 922r 2, 006' 4, 080

9. 636

107, 91854, -80553, 1131,280

59, 59016, 69842, 89257, 94716, 29441, 6536,962

50, 9851,643

47, 047

f 45, 618' 16, 354

r 925r 1, 978' 4, 071

' 10. 288T 1, 676

4,688' 5, 638

r 44, 800r 16, 216

' 926' 2 018' 4, 089T 9. 679

107, 97954, 84453, 1351,241

59, 21416, 36842, 84657, 14915, 87641, 2737,060

50, 0892, 065

47, 524

' 44, 603r 16, 267

r 922r 1, 871r 4, 020r 9, 622r 1,680

4,723' 5, 498

r 45, 019r 16 332

'927' 2 056' 4, 075' 9. 694

108, 05054, 88953, 1611,226

59, 77816, 75243, 02657, 13916, 00241, 1376,771

50, 3682, 639

47, 046

r 44, 279' 16, 1 83

' 914' 1, 731'4,019' 9, 520' 1, 690

4,730' 5, 492

' 44, 755' 16, 208

'920' 1 945' 4, 071' 9. 664

108, 12454, 93453, 1901,236

59, 76916, 76043, 00957, 32916, 08541, 2446,847

50, 4822, 440

47, 119

' 44, 599' 16, 269

' 922' 1, 805' 4, 032' 9, 599' 1 697

4,729' 5 546

r 44, 791' 16 246

'928r 1 941' 4, 069' 9. 636

108, 17354 96953, 2041,236

60, 52417, 15543, 36958, 33016, 52941, 8017,448

50, 8832,193

46, 414

' 44, 279r 15 896

r gISr 1, 966' 3, 977r 9, 573' 1 704

4,768'5 577

r 44^ 543r 15 goo

' 821' 2 006' 3, 998' 9. 697

108 26255 02153 2411 238

60, 42217, 12443 29858 66016, 60242, 0587,861

50, 8001,761

46 602

•p 44, 517P 15 796

v 9302,0644, 0589 6041 7154, 726

P 5 624

P 44 627P 15 Q22

P 931P 2 044P 4, 044p 9. 676

'Revised. 'Preliminary."New series. See note marked "!" on p. S-9 of the September 1947 Survey for reference to data beginning 1939 or 1938 for the series on wholesalers' sales and inventories and recent minor

revisions in the sal^s figures. Estimates of the labor force for November 1945 to date have been published on a revised basis beginning in the January 1947 Survey; earlier revisions for theseseries and 1940-46 data for the series on noninstitutional population will be published later.

!Revised series. For 1919-45 data for the index of department store stocks see p. 24 of Augustl946 Survey. See notes marked "!" on p. S-9 of the June 1948 Survey and p. S-8 of the Septem-ber 1947 issue regarding revisions in the indexes of department store sales. The estimates of employees in nonagricultural establishments have been revised to adjust the series to FederalSecurity Agency data through 1946. Recent revisions affected the unadjusted series beginning 1946 for manufacturing, mining, and government, 1945 for construction, trade, finance, and thetotal, and January 1947 for transportation and utilities, and did not affect data for the service group; see note marked "f" on p. S-9 of the September 1947 issue regarding published andunpublished earlier revisions in the unadjusted series. There have been recent revisions in the seasonally adjusted series affecting the figures in most cases back to 1939. All revisions throughApril 1947 will be published later.



•Unless otherwise stated, statistics through

1941 and descriptive notes may be foundin the 1942 Supplement to the Survey

1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


EMPLOYMENT CONDITIONS AND WAGES—Continued

r 12, 597' 6, 572r 1, 582

494••564

'1,21650356

••720

'47513827

140'418'710

524••450

226"450

' 6, 025

r 1, 226

509103

164

••990281389

••368213

••1,15221113617383

••388193

M30141175

••575196

••161109

••211119

' 153. 8' 182. 0' 159. 6

127.3r 217. 7' 230. 2

242.3151.5

' 179. 1

r 299. 3348. 4303.4202.7

' 182. 5' 168. 8

167.0' 137. 3

127.0' 148. 9r 131. 5

' 107. 2

121.781.5

104.2

r 125. 4122.2136.0

' 106. 192.1

' 134. 8111.090.3

128.0

' 12, 672r 6, 639' 1, 588

501••584

r 1. 20850154

••758

M7213407

140'408'727

535'452

227'452

' 6, 033

'1,208

502102

163

'993285389

'370214

'1,19221315517684

'388195

'431142176

'561199

'163110

'207118

' 154. 7'183.9' 160. 1

129.0' 225. 5' 228. 5

241.4147.2

' 188. 5

' 297. 5337. 4302.5202.7

' 178. 0'172.9

170.5' 137. 3

127.6' 150. 4' 131. 7

' 105. 6

119.980.3

103.3

' 125. 7123.9135.9

' 106. 692.9

' 139. 5112.0103.3130.6

' 12, 562' 6, 452' 1, 569

498'567

'1,17149151

'753

'4031292788

'393'721

531'445

224'445

'6,110

' 1, 187

493100

158

'992278400

'373217

'1,31121724618284

'380194

'430142176

'562198

'165112

'200115

' 153. 3' 178. 7' 158. 2

129.5' 218. 9'221.7

236.4138.2

'187.3

' 253. 7326.0301.1126.7

'171.4'171.5

169.4' 135. 7

125.9' 146. 5' 133. 4

' 103. 8

117.779.0

100.3

' 125. 7121.1139.8

' 107. 593.9

' 153. 4113.7163.8135.0

' 12, 928' 6, 555'1,597

503'569

' 1, 19849553

'741

'4051312787

'396'745

552'460

230'460

' 6, 373

' 1, 202

494102

163

'1,071295440

'385223

'1,44221835018385

'387197

'434143176

'563196

'166112

'203117

' 157. 8'181.5'161.0

130.9' 219. 6' 226. 8

238.4143.2

' 184. 1

' 255. 0329.3299.9125.8' 172. 8'177.3

175.8' 140. 1

129.4'151.2' 139. 1

' 105. 1

118.180.2

103.3

' 135. 6128.3153.9

'111.196.7

' 168. 8114.5232.7135. 5

' 13, 263' 6, 816' 1, 633

498'596

' 1, 23549951

'785

'463133

26126

'413'750

544'487

247'487

' 6, 447

' 1, 290

523108

177

'1,143311471

'400231

' 1, 25522114920488

'398200

'445146183

'592198

'165110

'212115

' 161. 9' 188. 8' 164. 7

130.4' 230. 2' 233. 8

240.3140.2

' 195. 2

' 291. 6335.8291.0181.5

' 180. 3' 178. 4

173.6' 148. 3

138.7' 154. 7' 140. 7

' 112. 7

125.185.5

112.4

' 144. 8135.2164.4

'115.3100.2

' 146. 9116.099.1

150.8

' 13, 150' 6, 795' 1, 634

509'588

' 1, 23150050

'789

'47213525

133'409'738

531'489

249'445

' 6, 355

' 1, 292

524107

177

'1.147308476

'399232

' 1, 19121512919787

'395200

'439144182

'588198

'164110

'210114

' 160. 5' 188. 2' 164. 9

131.0' 227. 0'233.0

240.9137.6

' 196. 0

' 297. 3339.5284.0191.9

' 178. 4' 175. 6

169.4' 149. 1

139.8' 151. 6' 138. 7

' 113. 0

125.284.9

112.5

' 145. 3134.2166.4

'114.9100.4

' 139. 3113.185.5

145.7

v 12. 694»6. 611P i, 588

P542* 1,213

"746

P440

MOO"773

P458

P451P 6, 083

v 1, 293

p 1, 080

*356

v 1, 083

P 85

"433

"572

"166

EMPLOYMENT—Continued

Estimated production workers in manufacturingindustries, total (U. S. Dept. of Labor)*

thousands. .Durable goods industries do.

Iron and steel and their products do.Blast furnaces, steel works, and rolling mills !

thousands. -Electrical machinery do.Machinery, except electrical do.

Machinery and machine-shop products §.-doMachine tools§ do..

Automobiles do.Transportation equipment, except automobiles

thousands.-Aircraft and parts (excludingengines)}.doAircraft engines} do.Shipbuilding and boatbuilding} do.

Nonferrous metals and products do.Lumber and timber basic products do.

Sawmills and logging camps! doFurniture and finished lumber products, do

Furniture! do.Stone, clay, and glass products do

Nondurable goods industries doTextile-mill products and other fiber manufac-

tures .thousands..Cotton manufacturing, except small wares §

thousands..Silk and rayon goods! do.Woolen and worsted manufactures (except

dyeing and finishing)! thousands.-Apparel and other finished textile products

thousands..Men's clothing! _doWomen's clothing! do

Leather and leather products doBoots and shoes! do

Food and kindred products doBaking! doCanning and preserving! doSlaughtering and meat packing! do

Tobacco manufactures doPaper and allied products do

Paper and pulp! doPrinting, publishing, and allied industries

thousands..Newspapers and periodicals! doPrinting, book and job! do

Chemicals and allied products doChemicals! do

Products of petroleum and coal doPetroleum refining! do

Rubber products .doRubber tires and inner tubes!. do

Production workers, unadjusted index, all manu-facturing (U. S. Dept. of Labor)t..-1939= 100.-

Durable goods industries do.Iron and steel and their products do__

Blast furnaces, steel works, and rolling mills !1939=100..

Electrical machinery doMachinery, except electrical do

Machinery and machine-shop products §_. doMachine tools! do.

• Automobiles doTransportation equipment, except automobiles

1939=100..Aircraft and parts (excluding engines)} do.Aircraft engines} doShipbuilding and boatbuilding} do

Nonferrous metals and products do...Lumber and timber basic products do

Sawmills and logging camps! doFurniture and finished lumber products.-do

Furniture! doStone, clay, and glass products do

Nondurable goods industries _doTextile-mill products and other fiber manu-

factures 1939=100.-Cotton manufactures, except small wares {

1939=100Silk and rayon goods!.... doWoolen and worsted manufactures (except

dyeing and finishing)! 1939=100Apparel and other finished textile products

1939=100..Men's clothing! _ __ .doWomen's clothing! do.

Leather and leather products do.Boots and shoes! do

Food and kindred products ~ _ _ d o _ ~ ~Baking! doCanning and preserving! doSlaughtering and meat packing! do..

' Revised, p Preliminary. }See note marked "§" on p. S-10 of September 1947 Survey for reference to revisions for shipbuilding and aircraft and aircraft engines.!Data for the indicated industries (with the exception of newspapers and periodicals, blast furnaces, etc., and machine tools) have been revised beginning 1939 to adjust the series to 1945

data from the Federal Security Agency; see note marked "§" on p. S-10 of the June 1948 and September 1947 issues for reference to published revisions; revisions for other industries will beshown later. Data for the three industries named above were found to need no similar general revision. January-March 1947 revisions for machine tools: Production workers, thousands—60, 59, 58; employment index—163.4, 161.6, 159.0; pay-roll index—283.1, 279.7, 276.8 (see notes in November 1943 for revisions through July 1942 for the indexes; that issue contains, on p. S-9,the earliest data published for number of workers).

*New series. See note marked "t" with reference to estimates for the industry groups and the totals and notes marked •'§" and "}" regarding revisions for individual industries.fRevised series. See note marked "*" and "t" on p. S-10 of the September 1947 Survey for references to revised estimates of production workers for 1929-45 and employment and pay-

roll indexes for 1939-45 for all manufacturing, total durable goods and nondurable goods, and the industry groups; data for the industry groups and the totals have been further revised begin-ning January 1946 to adjust the series to levels indicated by Federal Security Agency data for 1946; revisions for January 1946-April 1947 will be shown later. Data for the individual industriesin the transportation group have been adjusted only to 1939 Census of Manufactures data; other industries have been adjusted to Federal Security Agency data through 1945* see note marked"§" above.

' 13, 125' 6, 630' 1, 604

499'578

'1,209499

52'767

'4141302793

'400'745

550'466

233'466

' 6, 495

'1,223

499103

169

'1,096299452

'390225

'1,48322038418286

'388197

'437144178

'576195

'166111

'203113

' 160. 2' 183. 6'161.7

130.0' 223. 0' 228. 8

240.2142.9

' 190. 5

' 260. 7327.0299.2134.3

' 174. 7' 177. 3

175.2'141.9

131.0' 152. 3'141.8

' 106. 9

119.381.6

107.0

' 138. 9130.4158.0

'112.297.5

' 173. 6115.5255.7134.7

'13.143' 6. 681' 1, 609

498'588

'1,21449952

'764

'42713426100'404'751550'475239'475

' 6, 462

' 1, 249

508106

171

'1,127307462'393226

' 1, 35322524018389

'392197

'441145181'586195

'165110'208114

' 160. 4' 185. 0' 162. 3

130.0r 226. 9' 229. 7242.2142.4' 190. 0

' 269. 2337.4294.8144.7' 176. 3' 178. 6175.4' 144. 8134.1

'152.8' 141. 1

' 109. 2

121.583.5

108.4

' 142. 7133. 6161.5' 113. 297.8

' 158. 3117.9159.8135.5

'13.176' 6, 746' 1, 619

498'595

'1,21849751

'766

'45213326118'410'751547'483244'483

' 6, 430

' 1, 271

517107

174

'1,117309452'396228

'1,28822517219290

'394198

'444145182'589196

'165110'210115

' 160. 8' 186. 8' 163. 3

130.2' 229. 7' 230. 5239.5139.5' 190. 4

r 284. 6336. 2291.0169.9

r 178. 8' 178. 5174.5' 147. 1136.9' 154. 0' 140. 4

'111.1

123.684.4

110.5

'141.5134.7158.0' 114. 198.5

' 150. 7118.1114.4142.0

' 13, 066' 6, 711' 6, 628

509'584

' 1, 23750350

'720

'46413525128'409'736527'490249'443

' 6, 355

' 1, 306

525111

180

' 1, 166311485'402233

' 1, 15921712318788

'392200

'438144180'588197

'163109'208112

' 159. 5' 185. 8' 164. 2

130.9' 225. 4' 234. 0242.2137.6' 178. 9

' 292. 6341.1280.1' 184. 4' 178. 5' 175. 0167.9' 149. 2140.2' 150. 9' 138. 7

' 114. 2

125.687.6

113.9

' 147. 7135.5169.5

'115.8101.0

'135.6114.182.1138.5

'13,132' 6. 792' 1, 634

516'577

' 1, 23250049

'785

'46513625126

'413'749537'485247'452

' 6, 340

'1,312

529112

178

' 1, 165315482'396230

' 1, 049'22012218187

'393200

'435145178'587196

'165111'204109

'160.3' 188. 1' 164. 8

132.9' 222. 9' 233. 1240.9' 134. 5' 195. 1

' 292. 7342.9276.9' 181. 6'180.0' 178. 3171.1' 147. 8138.8' 153. 9' 138. 4

' 114. 7

126.688.1

113.1

' 147. 5137.0168.3

'114 199.4

' 134. 5' 115. 481.2134.0

' 12, 791' 6, 683' 1, 603

512'563

' 1, 20249648

'775

'46213725123'406'751537'470240

'451' 6, 108

' 1, 301

526112

175

'1,103310440'372213

' 1, 04721812710086

'389200

'432145175'580198'164111'198105

' 156. 1' 185. 1' 161. 7

131.8' 217. 4' 227. 4238.8130.4' 192. 7

' 290. 9346. 0278.4176.8' 176. 9' 178. 7171.1' 143. 4134.7' 153. 7' 133. 3

' 113. 7

125.888.2

111.0

' 139. 8135.0153.7' 107. 192.2

' 122. 6114.384.373.9

"195

v 155. 0p 183. 1v 160. 2

p 209.0p 229. e

P 185. 5

P 277. 0

p 174.4P 183. 9

139. 5

p 153. 6P 132. 8

P 113. 1

p 136. 8

p 102. 6

P 126. 7


July 1948 SURVEY OF CURRENT BUSINESS S-ll


1947

May June July August Sep-tember October jNo

bv

eerm- Decem-

ber

1948

Janu-ary


EMPLOYMENT CONDITIONS AND WAGES— Continued

EMP LO YM EN T~Con tinued

Production workers, index, unadjusted!— Con.Nondurable goods industries— Continued

Tobacco manufactures 1939=100..Paper and allied products do

Paper and pulp§ doPrinting, publishing and allied industries.do

Newspapers and periodicals§ doPrinting book and job§ - do_ _

Chemicals and allied products doChemicals§ _ _ do. __

Products of petroleum and coal doPetroleum refining! - - do_ _.

Rubber products doRubber tires and inner tubes§ do

Production workers, adjusted index, all manu-facturing (Federal Reserve)! . 1939=100.-

Durable goods industries! doNondurable goods industries! do

Nonmanufacturing, unadjusted (U. S. Dept. ofLabor) :

Mining:!Anthracite 1939-100Bituminous coal _ _ _ do _Metalliferous doQuarrying and nonmetallic _ _ do. _Crude petroleum and natural gas do

Public utilities:!Electric light and power. _ _ _ _ doStreet railways and busses doTelegraph ... ... doTelephone do

Services:!Dyeing and cleaning _ . _ doPower laundries doYear -round hotels _ _ _ _ do

Trade:Retail, total! _ do

Food* _ _ .doGeneral merchandising! do. _

Wholesale! _ . . doMiscellaneous employment data:

Federal and State highways, total}:. _ ..number.Construction (Federal and State) doMaintenance (State) . do

Federal civilian employees:Ûnited States _ _ _ _ _ thousands

District of Columbia. doRailway employees (class I steam railways) :

Total - thousandsIndexes: Unadiusted! 1935-39=100

Adjusted! _ . do

PAY ROLLS

Production-workers pay rolls, unadjusted index,all manufacturing (XI. S. Dept. of Labor)!

1939=100..Durable goods industries do_ .

Iron and steel and their products... _doBlast furnaces, steel works, and rolling

mills .1939=100Electrical machinery _ _ doMachinery, except electrical do

Machinery and machine-shop products§doMachine tools§ do

Automobiles! _ _ doTransportation equipment, except automo-

biles.. _ 1939**100Aircraft and parts, excluding engines§. .doAircraft engines§ _ _ doShipbuilding and boatbuilding! do

Nonferrous metals and their products doLumber and timber basic products _ _ do

Sawmills and logging camps! doFurniture and finished lumber products.. do...]

Furniture§ doStone, clay, and glass products do

Nondurable goods industries _ _ doTextile-mill products and other fiber manu-

factures 1939=100.Cotton manufactures, exc. small wares§. doSilk and rayon goods§ . d oWoolen and worsted manufactures, except

dyeing and finishing! _1839=100_,Apparel and other finished textile products

A, , ! «,- * 1939=100..Men's clothing! doWomen's clothing!. dol I

Leather and leather products doIITBoots and shoes! do

Food and kindred products doBaking! doCanning and preserving! doSlaughtering and meatpacking! do.

88.4' 146. 1

140.3* 131.0

119.0137.2

r 199. 5280.9

'151. 9148.6

r 174. 6220.0

' 155. 0r 182. 2' 133. 5

91.4' 104. 7

98.1127.4109.8

105.7130. 7102.8159.2

167.5124.9118.4

111.3113.9121.2109.7

240, 83890, 696

109, 641

1,807212

1,395133.8134.3

' 319. 3' 363. 0' 310. 2

237.9* 414. 4' 437. 7

463.4265.4

' 335. 0

' 572. 1639.2477.0395.6

T 354. 8' 383. 3

384.7' 302. 1

278.9' 299. 5' 276. 6r 254. 5

317.3212.9

252.6

* 259. 8270.5260.3

r 220. 9197.0

' 270. 4208.4217.8249.4

90.2' 146. 1

141.3'131.5

119.7137.8

' 194. 6284.3

' 153. 5150.1

' 170. 9217.0

' 155. 2' 183. 4' 133. 0

90.5r 105. 4

99.3129.0112.3

107.5130.4102.3190.4

173.3127.2119.4

111.4113.7120. 6110.5

266, 966107, 192116, 465

1,850205

1,405134.8132.9

' 327. 2' 375. 5r 319. 2

249.1' 440. 5' 443. 0

470.6264.8

r 363. 6

' 571. 1621.5481.5394.3

' 352. 0' 409. 8

412.2' 308. 0

284.7r 311. 5r 280. 0

' 248. 6307.5206.0

252.5

r 262. 3273.0264.1

r 225. 9201.7

' 286. 7213.1249.3259.9

89.8' 143. 3

140. 9r 131.2

119.8138.2

r 195. 0282.8

' 156. 2152.6

' 165. 1212.3

r 154. 5' 178. 8' 135. 4

88.7••97.5

97.8129.4114.3

109.3130.9101.5193.3

167.9127.8118.3

110.2113.0116.7111.1

285, 865116, 116123,877

1,817198

1,413135.5132.7

' 321. 8' 359. 4' 307. 2

237.6' 430. 0' 427. 4

456.2242.3

: 355. 3

r 492. 5622.4485.1243.1

* 332. 1' 394. 2

397.4' 298. 6

274.4' 298. 8r 285. 1

' 243. 7302.6203.0

243.0

' 266. 2260.0283.1

' 229. 0204.8

' 317. 1218.0401.8280.9

91.6'145.7

142.7' 132.3

120.5137.7

' 195. 3280.8

' 157. 0152. 8

' 167. 9214.9

' 156. 3' 180. 7' 137. 1

91.7' 105. 0

98.3129. 8114.5

110.2130.7100.5193.8

160.1125.0117.6

110.0114.7115.7112.2

295, 234125, 999123, 976

1,784196

1,411135.3132.5

••331.5' 366. 8••316. 8

254. 2' 428. 1'434.5

462.1253.6

' 345. 1

' 492. 4637.6486.7241.8

' 335. 3' 429. 7

435.3'311.6

284.7' 315. 5' 297. 0

' 246. 2305.7208.5

233.6

' 288. 4264.8323.1

' 235. 8209.9

r 349. 3218.4653.7270.0

92.3' 146. 2

142.9'133.2

121.7139.1

' 199. 9279.0

' 156. 4151.4' 168. 1

207.5

' 158. 9' 183. 2' 139. 7

91.0' 106. 0

96.8128.7112.5

109.9129.699.8

192.9

162.1124.3117.4

112.4112.6122.8113.3

282, 762120, 546117,605

1,767195

1,393133.6130.4

' 345. 3' 382. 2' 327. 7

254.5' 450. 5'451.4

477.9257.4

'380.6

' 509. 8623.3501.3262.0

' 349. 5r 427. 4

430.5' 324. 3

297.9r 320. 2r 309. 0

' 262. 9317.4220.2

268.5

' 303. 8284.9334.7

' 248. 1221.5' 356. 1

223.2683.8271.9

95.1' 147. 8

142.9'134.6

121. 8141.6

' 203. 2278.9

'155.8149.8

'171.7211.0

' 160. 0' 184. 8' 140. 4

91.2' 106. 8

95.8127.6111.1

109.4128.898.1

191.6

164.4123.1117.7

115.8115.0131.3115.5

271,998115, 565113, 058

1,774195

1,387132.9128.6

' 350. 1' 389. 9••331. 6

251.9' 464. 6' 458. 0

480.0257.5

' 385. 8

' 541. 5663.8499.9289.9

r 359. 3* 427. 2

425.2' 338. 8

315.0' 328. 2'311.2

' 271. 8329.1227.6

270.4

' 320. 5303.5349.5

' 251. 8223.8

' 332. 8230.8437.9271.7

96.5' 148. 6

143.4' 135. 4

122.2142.6

' 204. 5280.9

' 156. 1149.8

' 174. 0212.2

r 160. 4' 186. 8' 139. 7

91.2' 107. 4

96.5126.2110. 5

109.7128.797.2

193.3

159.4121.3117.1

119.8116.1143.6116.5

246, 77791, 065

112, 332

1,773195

1,370131.3130.2

' 353. 4' 395. 0' 335. 1

255.1' 471. 9' 459. 6

481.5253.3

' 395. 6

' 555. 1653.8479.2316.6

' 367. 3' 429. 1

425.3r 343. 0

323.2••331. 2' 312. 8

' 288. 2362.1236.6

276.6

' 304. 8301.5319.3

' 252. 5223.5

' 323. 5227.8265.7317.4

94.4' 149. 9

144.8' 135. 7

122.7143.7

' 205. 4283.3

' 155. 5150.1

' 175. 3211.7

' 161. 1r 188. 6' 139. 3

91.5' 108. 3

97.0122.6110.4

110.3128.697.6

195.0

156.5120.9118.1

130.2117.4175.5117.1

218, 58765, 336

110, 544

1,766196

1,363130.4132.5

' 365. 7'411.0' 345. 8

257.8' 481. 2' 479. 9

500.7262.2

' 427. 7

' 600. 2668.7503. 5378.9

' 377. 8'431.8

422. 0' 355. 7

334.3' 335. 7' 321. 4

' 302. 0376.4248.1

294.4

' 327. 3309.5355.9

' 259. 6231.9

' 321. 9229.2250.2338.9

93.6' 148. 7

145.0' 134. 0

121.0142.3

' 204. 1282.8

' 155. 0149.9

' 173. 5209.2

' 161. 2' 188. 7' 139. 4

91.1' 108. 7

96.9116.7110.5

109.8129.297.2

195.0

152.8120.1117.2

114.4114.4129.4116.3

198, 43847, 734

108, 224

1,769198

1,348129.1134.2

' 358. 7' 403. 1' 341. 9

261.2'471.0r 473. 8

494.9250.1408.7

'611.2657.4482.9416.7

' 372. 7' 413. 5

400.3' 352. 2

333.4' 322. 9' 315. 3

' 303. 0378.7252.6

292. 0

' 337. 0313.4374.8

' 258. 7233.8

' 296. 6221.5216.2304.2

93.9' 147. 8

144.9' 133. 5

121.4140.8

' 204. 2281.0

' 153. 9149.5

' 172. 0205.8

' 159. 8' 186. 4' 138. 7

91.6' 106. 8

97.4113.7111.1

110.3128.697.8

196.2

149.3117.6116.8

111.8113.9122.9116.1

190, 67841, 184

106, 305

1,781200

1,340128.5131.7

' 354. 1' 393. 1' 337. 6

257.5' 465. 1'471.9

495.5254.4357.6

' 593. 3667.3469.4

' 385. 4' 372. 9' 417. 2

401.1' 350. 2

333. 6' 321. 4' 316. 0

' 310. 6377.0262.4

321. 1

' 345. 2316.4387.1

' 262. 5235.9

'288.5234.1216.5263.3

93.4' 148. 0

145.5' 132. 8

122.0139.1

' 203. 6280.8

' 155. 4151.3

' 168. 9200.7

' 160. 1' 188. 4' 137. 7

92.6' 107. 7'97.9118.2111.1

110.9128.898.2

197.4

154.8117.7116.4

113. 5116.7124.5115.3

202, 09050, 461

108,045

1,794201

1,346'129.0

132.3

' 358. 2' 401. 7' 340. 8

260.9' 459. 1' 475. 2

496.4' 249. 2

394.4

' 600. 4675.9473.9' 383. 7' 377. 1' 426. 6

412.4' 349. 2

330.9' 336. 6' 315. 7

' 315. 6385.1267.8

322.1

' 343. 2324.8376.4

'251.7225.6

' 285. 8227.1204.6276.6

92.3'146.8

145.3'131.8

122.5137.4

' 201. 4283.2

' 154. 9151.5

' 163. 8192.9

' 157. 1' 185. 5' 134. 7

91.9'79.3'98.1

'124.0' 112. 0

' 111. 7'126.7'97.9198.5

' 159. 0' 118. 3' 116. 9

' 112. 8116. 1123.6

'114.8

233, 10578, 726

109, 522

1,811202

' 1, 3879 123. 4v 125. 4

346.5392.2329.6

253.0444.3463.8493.6240.2382.5

601.4695.2481.0373.6368.3425.2405.2

' 333. 0314.6337.9301.8

307.1374.7267.4

308.6

306.5317.1307.1227.1198.1266.5227.6216.9178.4

P90.7P 146. 4

p 132. 1

v 198. 6

v 156. 7

v 161. 1

* 156. 1v 183. 29 134. 8

Pi, 826*203

9 1, 3509 129. 49 129. 9

'Revised. 9 Preliminary. §See note on item on p. S-10 regarding re visions in the data.{Total includes State engineering, supervisory and administrative employees not shown separately.ISee note on item in July 1944 and September 1947 Surveys regarding changes in the data beginning in 1943 or 1945. December figures do not include excess temporary Dost office substitutes

employed only at Christmas.*New series,t Revised se:

3. Indexes beginning 1939 for employment in retail food establishments are shown on p. 31 of the June 1943 Survey.Ties. Revisions for 1939 through April 1947 for the adjusted indexes of employment in manufacturing industries wi:•ill be shown later. See note marked "!" on p. S-ll of

exclusion of driver-salesmen, and indexes for these industries have been adjusted to data through 1945 from the Federal Security Agency; revised data for 1939-46 will be published later In-dexes for the mining industries have been adjusted to Federal Security Agency data through 1946; revisions through April 1947 for bituminous coal and through February 1947 for the othermining industries will be shown later. See note marked "!" on p. S-10 with regard to revised unadjusted indexes of employment and pay rolls in manufacturing industries.


S-12 SUBVEY OF CURRENT BUSINESS July 1948

1941 and descriptive notes may be foundin the 1942 Supplement to the Survey

1947


berDecem-

ber

1948

Janu-ary

Febru-ary

EMPLOYMENT CONDITIONS AND WAGES— ContinuedPAY ROLLS— Continued

Production-workers pay rolls, mfg., unadj.f— Con.Nondurable goods industries — Continued

Tobacco manufactures 1939=100.-Paper and allied products do

Paper and pulp§ doPrinting, publishing, and allied industries

1939=100..Newspapers and periodicals§ doPrinting, book and iob§ do

Chemicals and allied products doChemicals§ do

Products of petroleum and coal doPetroleum refining§ do

Rubber products doRubber tires and inner tubes § do

Nonmanufacturing, unadjusted (U. S. Dept. ofLabor) :

Mining:!A nthracite 1 939 — 100Bituminous coal doMetalliferous _ _ doQuarrying and nonmetallic doCrude petroleum and natural gas do

Public utilities.-!Electric light and power doStreet railways and busses doTelegraph doTelephone do

Services:!Dyein0" and cleaning doPower laundries doYear-round hot°ls do

Trade:Retail, totalf - do

Food* doGeneral merchandising! _ _ _ _ _ do

Wholesale! doLABOR CONDITIONS

Average weekly hours per worker (U. S. Dept. ofLabor):

A 11 manufacturing! hours_ .Durable goods industries* ... do

Iron and steel and their products* doBlast furnaces, steel works, and rolling

mills* hoursElectrical machinery* doMachinery except electrical* do

Machinery and machine-shop products*hours. ~

Machine tools* doAutomobiles* doTransportation equipment, except auto-

mobiles* hoursAircraft and parts (excluding engines)*

hours.-Aircraft engines* doShipbuilding and boatbuilding* do

Nonferrous metals and their products*. doLumber and timber basic products* do

Sawmills and logging camps* doFurniture and finished lumber products*

hours..Furniture* do

Stone clay and class products* doNondurable goods industries* do

Textile-mill products and other fiber manu-factures* hours

Cotton manufactures, except small wares*hours..

Silk and rayon goods* doWoolen and worsted manufactures, except

dyeing and finishins'* hoursApparel and other finished textTle products*

hours..Men's clothing* doWomen's clothing* do

Leather and leather products*. doBoots and shoes* do

Food and kindred products* do. _ .Baking* doCanning and preserving* doSlaughtering and meat packing* do

Tobacco manufactures* doPaper and allied products* do

Paper and pulp* doPrinting, publishing, and allied industries*

hours..Newspapers and periodicals* doPrinting, book and job* do...

Chemicals and allied products*. ... doChemicals*. .do. _ ,

Products of petroleum and coal* do. . _Petroleum refining* do...

Rubber products* ...do...Rubber tires and inner tubes* do

182.8' 296. 3

289.4

r 238. 6209.3255.4

' 389. 1520.9

' 280. 6262.5

r 347. 5399.3

210.2' 290. 3

186.3295.5192.2

168. 2220.0226.9202.9

313.5231.0221.1

195.3206.0212.3191. 4

40.140.540.3

38.939.841.4

41.642.138.3

40.2

39.5| 39.6

40.440.642.041.7

41.541.240.339.7

38.9

38.841.0

39.2

35.837.234.638.137.843.0

242.538. 344.036.343.144.7

40.138.940.641.141.040.039.539.037.6

194.8' 303. 4

302.1

' 240. 3210.0258.1

' 384. 1528. 2

'291.4273.4

'342.3396. 1

219.4r 300. 6

196.7307.1206.0

177.5222.1218.8292.5

328.4239.3226.4

201.6212.1218.9198.0

40.240.740.5

39.539.841.3

41.542.238.7

40.1

39.238.840.740.542.842.5

41.741.640.839.8

38.6

38.340.3

39.4

36.037.235.038.137.743.2

242.637.844.538.242.944.5

39.938.440.641.140.940.740.639.137.7

200.0r 304. 2

309.6

' 238. 0208.9258. 9

r 387. 7533. 7

' 300. 5286.1

'331.2389.5

200.3r 229. 7

186.1307.0204.9

178.4222.1215.2302.2

310.5238.5222.0

198.5213.8214.1196.5

39.840.039.3

37.439.840.9

40.841.637.7

40.1

39.739.239.939.742.242.1

41.140.940.139.7

38.4

38.340.3

39.1

35.836.534.838.237.843.2

M2.739.944.539.642.944.5

39.638.240.540.941.140.540.738.637.9

203.0' 307. 2

312.3

r 240. 0214.0254. 8

r 390. 2527.0

' 302. 1282.8

' 337. 6396.0

244.0'314.7

193.3317.2204.0

182.9225.2213.5306.2

285.0231.3221.0

197.6212.2212.0198.2

39.840.039.6

39.239.240.5

40.941.437.2

39.6

40.039.239.339.543.343.1

41.241.040.639.5

38.2

38.440.0

36.6

35.235.134.638.137.743.4

M1.942.643.039.242.444.1

39.438.540.040.940.740.640.338.737.8

205.3'315.5

317.0

' 249. 7221.6266. 6

' 403. 1527.3

' 307.5287. 6

'348.3397. 9

237. 9'321.6

193.6315.9206. 5

183.1224.1211.8312.3

301.7236.2222.4

202.5209.2220.4203. 3

40.440.640.3

39.040.441.1

41.341.839.2

39.7

39.340.039.540.242.842.5

41.541.440.440.2

39.5

39.240.9

40.2

36.036.835.039.138.843.4

241.942.843.439.242.944.5

40.239.040.841.040.541.040.739.938.9

214.5' 320. 5

317.3

' 252. 8221.6272. 8

r 409. 6529. 8

' 301 . 8279.7

' 354. 4398.0

252. 7' 327. 5

192.7319.2199.9

182.8223. 2208.1314.2

303. 8232.3226. 9

207.1213.8224.5206.9

40.640.940.5

39.040.641.3

41.342.139.5

40.4

40.240.539.840.842.642.2

42.142.340.840.2

39.7

39.641.0

39.7

36.937.935.839.038.742.8

2 41.940.943.239.743.044.4

40.038.740.741.440.840.539.940.138.7

216.3' 325 9

319. 9

' 257. 2224.0279. 3

• 4 1 6 . 4540. 8

' 309. 5288. 9

'361.4407.5

224.4' 327. 4

194.8305. 7211.0

187.6223.6206.8321.5

293.7226.8228.6

216.5220.0251. 1213. 6

40.440.740.5

39.440.641.2

41.441.939.8

38.6

39.339.4

'• 36. 141.142.241.9

41.842.340.540.1

40.1

40.441.2

39.6

36.437.535.338.337.842.5

241.635.946.939.443.244.4

40.038.640.741.340.941.241.039.938.9

219.8'334.0

327.3

r 263. 1230.0285.3

«• 424. 1555. 8

'313.3293. 4

' 373. 6412. 1

239.4' 345. 8

198.8295.3203.2

185.7226.7207.8313.0

292.8233.6233.2

237.6221. 5314.0213.9

41.241.741.2

39.541.142.2

42.743.141.4

40.8

40.641.240.541.843.242.8

42.742.941.040.8

41.0

41.142.3

41.

37.37.36.39.38.43.

242.37.47.739.943.844.9

40.439.141.141.541.240.840.340.939.5

210.5' 328. 0

325.0

r 255. 321 8. 9*283.4

' 426. 7561.3

' 318. 1296.8

' 354. 9388.4

242, 4350. 5198.9270.0215.5

187.9230.1209. 5315. 8

285. 6232. 9230.4

209.4219.4233. 0211.7

40.540.940.6

39.540.541.8

42.042.039.6

40.3

39.440.640.941.242.442.0

41.942.240.040.0

40.5

40.741.9

40.8

36.637.136.039.038.842.0

241.637.344.838.643.144.4

39.537.840.741.441.240.739.839.738.2

195.7' 328. 9

328.3

' 254. 7224.6278.6' 425. 6

559. 2'315.4

295.0' 337. 2

355.9

232.8' 320. 0

201.7262.0219.9

188.2' 234. 7

212.6316. 3

271.9225.4233.2

208.4221.5221.4214.9

'40.240.540.4

39.540.441.4

41.842.338.1

' 39. 6

39.940.1

'38.941.241.741.1

41.441.939.9

'39.9

40.2

40.141.8

40.8

36.737.136.139.038.841.7

' 2 43. 6'38.4

40.7'36.2

43.144.5

39.1'38.3

39.841.141.1

'40.8'40.0

38.51 36.0

March

204.5' 330. 8

330. 0

' 258. 5229.2280.0

' 425. 1558. 6

' 320. 0299.3

' 320. 6330.2

255.9'341.4

199.4287. 3213. 2

184.4232.6 i213.0314.7

291.2227.5 1229.0

209.9226.1225.5210. 8

'40.4'40.9' 40.6

39.4'40.3

41.6

41.8'42.3'38.9

'40.3

40.140.6

'40.341.142.342.0

41.741.9

'40.8'39.9

40.6

40.742.2

40.8

36.737.436.137.837.541.6

241.936.543.3

'37.843.144.5

'39.5'38.4

40.341.241.0

' 40. 9'40.1

37.834.8

April

205.9325. 7327.7 .

259 5235. 0278.6422.1564.8316.7301.3

May

312.8 !323.6

195.4166.1199.0311.7218.4

188.6227.1224.8322, 5

308.0231.5233. 4

210.6225.5225. 5210.8

40.040.439.9

38.639.941.5

41.742. 038.5

40.4

40.640.540.240.841.640.9

40.940.940.8

r39.6

39.9

40.141.8

39.9

36.237.335.136.235.342.3

242.136.946.738.342.744.1

39.238.539.941.041.140.339.937.835.3

p39. 9p40. 3

1 P 39. 6

' Revised. * Preliminary, i The reduction reflects incomplete return to previous work schedule after termination of work stoppages and observance of Armistice Day in some yards.2 Not strictly comparable with data prior to May 1947; comparable April 1947 figure, 41.9. § See note marked "§" on p. 8-10. .*New series! Indexes of pay rolls beginning 1939 for retail food establishments are shown on p. 31 of the June 1943 Survey. Data beginning 1939 for the printing and publishing industries

and the aircraft engine industries will be published later. Data beginning 1939 for all series on average hours will also be published later: see note in the September 1947 issue for reference toearliest data published in the Survey and explanation of a change in January 1945 which affected the comparability of the data for the machine tools, aircraft engines, and shipbuilding m-

!Revised series. See note marked "f" on p. S-10 with regard to revised indexes of pay rolls in manufacturing industries and note marked "f" on p. S-ll with regard to revised data forpay rolls in nonmanufacturing industries. Data beginning 1942 for average weekly hours in all manufacturing industries are available in the March 1943 and later issues of the Survey;revised data prior to 1942 have not been published in the Survey and will be shown later.


July 1948 SUKVEY OF CUERENT BUSINESS


1947


Octo- Novem-ber ber

Decem-ber

1948

Janu-ary



LABOR CONDITIONS— Continued

Average weekly hours per worker— ContinuedNorimanufacturing industries:*

Building construction _ _ _. _ hours. -Mining:

Anthracite _ _ _ doBituminous coal doMetalliferous _ _ _ _ do ...Quarrying and nonmetallic doCrude petroleum and natural gas do_ _ _

Public utilities:Electric light and power doStreet railways and busses _ do _Telegraph doTelephone do _ -

Services:Dyeing and cleaning.. do .._Power laundries doYear-round hotels _ _ _ do. _-

Trade:Retail doWholesale do

Industrial disputes (strikes and lock-outs) :Beginning in month:

Work stoppages . numberWorkers involved.. thousands..

In effect during month: •Work stoppages numberWorkers involved _ thousands

Man-days idle during month do_._-Percent of available working time*

U.S. Employment Service placement activities:Nonagricultural placements f thousands,.

Unemployment compensation (Soc. Sec. Admin.):Initial claims* . _ thousands--Continued claims© doBenefit payments:

Beneficiaries, weekly average© > _ doAmount of payments thous. of dol__

Veterans' unemployment allowances:*Initial claims thousandsContinued claims do_

Claims filed during last week of month.. _doAmount of payments thous ofdol

Labor turn -over in manufacturing establishments:Âccession rate monthly rate per 100 employeesSeparation rate, total do

Discharges doLayoffs doQuits _ _ _ _ _ d oMilitary and miscellaneous do

WAGES

Average weekly earnings (U. S. Dept. of Labor):All manufacturing t_ _ dollars

Durable goods industries t doIron and steel and their products!.. do

Blast furnaces, steel works, and rollingmillst— -, dollars

Electrical machinery! _ _ _ _ _ d oMachinery, except electrical! do

Machinery and machine-shop prod-ucts! _ _ dollars

Machine tools doAutomobiles!- doTransportation equipment, except auto-

mobiles. _ dollarsA ircraf t and parts (excluding engines) .doAircraft engines*. _ _ doShipbuilding and boatbuilding do

Nonferrous metals and products f do_ _Lumber and timber basic products f _ do

Sawmills and logging camps doFurniture and finished lumber products f do

Furniture f-- _ _ _ doStone, clay, and glass products f do

Nondurable goods industries t doTextile-mill products and other fiber

manufactures! _ _ dollarsCotton manufactures, except small wares!

dollarsSilk and rayon goods! doWoolen and w o r s t e d manufactures

(except dyeing and finishing) ! dollarsApparel and other finished textile products!

dollars- -Men's clothing! doWomen's clothing. do -

Leather and leather products! do. _.Boots and shoes do -

37.6

37.244.342.245.640.5

41.647.646.031.5

42.642.745.0

40.041.2

471230

781696

6,7301.0

442

1,1664,802

94072, 295

3543,173

67763, 763

4.85.4.4

1.43.5.1

48.4451.7253.71

56.2650.2455.20

54.4457.1355.96

55.3152.4254.7657.9151.1543. 0641.9543.4544.2147.2444.88

39.89

37.7341.73

45.28

35.3641.4941.5839.4537.78

37.8

39.243.742.645.641.9

42.247.444.837.5

42.942.845.2

40.841.6

379448

701597

3,960.6

453

8784,905

1,00773, 559

4933,021

72258, 542

5.54.7.4

1.13.1.1

49.3352.9955.18

58.1251.5756.30

55.5358.3157.48

55. 5952.5855.4457.7952.0645.0444.1444.2445.0448. 5445.31

39,54

37.1040.97

45.75

35.7741.3541.8740.1238. 30

38.0

37.031.841.245.240.6

42.146.344.838.4

42.142.644.9

41. 141.1

315242

581615

3,970.5

454

9425,219

95476, 534

4763,446

75966, 239

4.94.6.4

1.03.1. 1

48.9852.1953.67

55.2352.0056.06

55.0056.7856.44

56.0254. 4856.1956.7751.1243.5742.8643.5144.1248.0045.61

39.48

37.2141.17

45.33

36.5040.1743.8140.3038.49

38.2

38.539.141.446.140.1

42.446.644.838.7

40.842.245.0

41.041.1

336113

583259

2,520.4

484

6234,296

91566, 804

3863,023

71559, 521

5.35.3.4.8

4.0.1

49.1752.4654.53

58.2551.5355.74

55. 0757.7755.76

55.7555.3056.5856.9351.0745. 3244.0544.0944.5849.0645.78

39.44

37.5041.65

42.28

36.5738.6645.4940.2538.32

37.9

38.239.141.646.140.3

42.046.144.539.1

41.942.444.1

40.041.2

21979

435187

1,970.3

546

5653,742

77959, 258

3152,663

52853, 336

5.95.9.4.9

4.5.1

50.4354.0656.21

58.9653.4657.36

56.4158.6959.35

56.5454.4458.4357.7152.6245.4144.5845. 3846.2449.5746.78

41.39

38.5543.23

46.99

37.6441.0545.7841.8940.12

38.1

40.039.942.346.440.0

42.145.744.839.3

41.542.344.0

40.041.3

21964

393171

1,780.2

528

6173,359

65652, 782

2891,939

41938, 153

5.55.0.4.9

3.6.1

51.0554.6956.61

58.5654.1057.87

56.7559. 2560.30

58.0856.0159.1959.3153.5945.2344.0946. 5347.7650.3847.29

41.94

39.2243.57

46.70

38.7842.7846.9142.1840.41

36.6

36.238.541.744.640.9

42.445.444.039.5

40.941.744.4

39.541.4

17857

328139829.1

451

6022,848

59341, 677

2901,609

39529, 554

4.84.0.4.8

2.7.1

51.2954.8656.96

59.5254.3257.92

57.0359.5361.30

56.4255.4857.5255. 2054.2745.3044.2746.3248.0750.4747.56

43.73

42.4744.84

46.95

37.0942.2443.8241.9339.98

37.9

38.441.242.744.439.5

42.246.843.939.0

41.542.644.1

39.741 6

11932

23657

590. 1

397

8303,700

62152, 202

3982,241

44340, 209

3.63.7.4.9

2.3.1

52.6956.4858.13

60.0155.3459.67

59.2261.3464.64

59. 7957.1260.3961.7455.5345.6544.2047.7249.1051.0048.72

45.15

43.6446.48

49.12

39.0043.1146.7642.6740.87

37.2

39.040.942.542.739.9

42.446.344.438.9

41.442.343.9

39.841.0

*175?75

»250p l O O

» 1, 000» . l374

"-9664,041

'77659, 161

4372,553

62848, 933

4.64.3.4

1.22.6.1

52.0755.4657.43

60.5854.8259.13

58.3359.6460.96

59.5655.5359. 3064.0555.0644.4942.9447.0248. 5450.1048.45

45,19

43.8147.55

48.79

40.0044.1148.5242.6341.09

36.7

36.238.742.942.140.4

42.247.744.538.7

40.541.944.6

40.041.1

P200»70

*>300*>110P725

*.l

344

8994,242

84960, 730

3742,637

65149, 466

'3.94.7.4

1.72.5.1

' 51. 75' 54. 77' 56. 99

59.74f 54. 50

58.65

58.1160.54

' 59. 00

' 58. 6756. 1358.2961. 4555.0745.0143.41

' 46. 6848.38

' 49. 98r 48. 56

' 45. 79

43.4347.92

52.82

40.2344.0549.09

' 42. 3441.35

'37.1

40.3'40. 5'42.3

43.639.7

41.647.344.4

'38.7

41.542.044.0

39.540.9

^225P500

*mP550

v 6, 000p . 8

413

8854,863

92476, 573

3652, 930

60455, 782

'4.04.5.4

'1.2'2.8

.1

' 52. 06' 55. 23' 57. 25

59.26' 54. 41' 59. 16

58.29' 60. 58' 59. 56

' 59, 3556.2859. 5362.07

' 55. 23' 45. 32' 43. 86' 47. 00

48.44' 51. 45' 48. 66

46.32

43.9848.53

53.36

40.0544.7348.07

T 41.8740.21

37.1

132.1i 26.9

42.044.540.1

41.846.644.138.8

42.142.344.2

39.541.0

P275»175

*>400^625

P8,GOOi»l.l

458

1,0714, 636

90473, 576

2992, 323

52246, 940

*4.0P4 .7

p . 4p l . 2»3.0v .1

' 51. 58'54.82

56.47

58.3753. 8659.29

58.6360.3758.70

59.7957.7560.3362.0454.8544.9243.0746.2647. 2551.78

r 48. 26

45.46

43.0848.31

52.33

37.5644.3143.2442.9938.09

*>275»165

P425»350

v 4, 100».6

482

1,0124,258

89966, 432

2441,727

39033, 535

P51.89^54.91

» 48. 60

' Revised. * Preliminary. 1 Data reflect work stoppages.• See p. 23 of December 1946 Survey for 1944-45 data. © Computed from weeks compensated in weeks ended during month.0 Small revisions for January 1940 to May 1944 are available on request.cf1 Rates refer to all employees and are therefore not strictly comparable with data prior to 1943 published in the Survey.§ See note in September 1947 Survey regarding a change in January 1945. also in 1942 for women's clothing industry, which affected the comparability of the data.* New series. See note marked "*" on p. S-12 of the September 1947 Survey for reference to available data for the series on average weekly hours in nonmanufacturing industries with the excep-

tion of the series for year-round hotels which was not shown in the Survey prior to the October 1947 issue. Data are available beginning 1939 for average hours in year-round hotels, averageweekly earnings in the aircraft engine industry, and initial unemployment compensation claims, beginning September 1944 for veterans' unemployment allowances, and beginning 1927 forman-days idle as a percent of available working time.

! Revised series. The indicated series on average weekly earnings and average hourly earnings (p. S-14) have been shown on a revised basis beginning in the March 1943 Survey; see notein that issue for an explanation of the revision.




1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary



WAGES— Continued

Average weekly earnings— ContinuedAll manufacturing— Continued

Nondurable goods industries— ContinuedFood and kindred products! dollars

Baking? doCanning and preserving! doSlaughtering and meat packing do

Tobacco manufactures! doPaper and allied products! _ . _ do

Paper and pulp do _Printing, publishing, and allied industries!

dollars. _Newspapers and periodicals* doPrinting, book and job* __ _ do

Chemicals and allied products! doChemicals do

Products of petroleum and coal! doPetroleum refining do.

Rubber products! _ doRubber tires and inner tubes _ _ _ do_

Average hourly earnings (U. S. Dept. of Labor):All manufacturing! dollars.-

Durable goods industries! doIron and steel and their products! do

Blast furnaces, steel works, and rollingmills! dollars

Electrical machinery! _ _ d o _ _Machinery, except electrical! do

Machinery and machine-shop products!dollars. -

Machine tools doAutomobiles! _ doTransportation equipment, except automo-

biles! dollarsAircraft and parts (excluding engines)

dollars. .Aircraft engines*§ , _ _ doShipbuilding and boatbuilding do_ _-

Nonferrous metals and products! doLumber an d timber basic products! do

Sawmills and logging camps doFurniture and finished lumber products!

dollars.-Furniture . do

Stone, clay, and glass products! _ doNondurable goods industries! do

Textile-mill products and other fiber manu-factures! dollars

Cotton manufactures, except small wares!dollars. .

Silk and rayon goods! doWoolen and worsted manufactures (except

dyeing and finishing)! dollarsApparel and other finished textile products!

dollars.-Men's clothing! _ doWomen's clothing§ do

Leather and leather products! doBoots and shoes do

Food and kindred products! doBaking§ doCanning and preserving! doSlaughtering and meat packing do

Tobacco manufactures! doPaper and allied products! do

Paper and pulp doPrinting, publishing, and allied industries!

dollars.-Newspapers and periodicals* doPrinting, book and job* do

Chemicals and allied products! doChemicals do

Products of petroleum and coal! doPetroleum refining do

Rubber products! doRubber tires and inner tubes do

Nonmanufacturing industries:*Building construction _ doMining:

Anthracite do .Bituminous coal _ doMetalliferous doQuarrying and nonmetallic .do. .Crude petroleum and natural gas§ do

Public utilities:Electric light and power doStreet railways and busses doTelegraph doTelephone § _ do

Services:Dyeing and cleaning§ doPower laundries§ _ doYear-round hotels do

Trade:Retail _ _ _ doWholesale do

47.71i 44. 84

39.3953. 3734.4648.7952.84

59.5567.1056.4149.8056.3557.9260.0155.3061.12

1.2071.2781.333

1.4451.2641.334

1.3071.3571.463

1.376

1.3281.3831.4331.2601.0251.006

1.0461.0741.1731.139

1.025

.9701.019

1.158

.9881.1051.1681.0351.0001.110

] 1.0561.0341.214.948

1.1331.182

1.4861.6991.3971.2101.3751.4481.5201.4161.622

1.656

1.5931.4701.2781.0921.448

1.3581.1951.2421.189

.894

.766

.643

.9851.241

48.27i 45. 50

39.3754.4036.3049.9554.83

59.7667.1656.8150.5956.8059.6462.1755.4961.35

1.2261.3031.363

1.4721.2951.363

1.3361.3811.485

1.387

1.3411.4281.4211.2861.0531.040

1.0611.0851.1901.140

1.024

.9701.017

1.160

.9941.1041.1821.0531.0201.119

i 1. 0671.0451.122.950

1.1651.231

1.4991.7191.4061.2321.3901.4641.5321.4191.615

1.661

1.5961.4891.3231.1211.475

1.3881.2121.2361.218

.898

.767

.650

.9961.262

48.40M5.81

39.9656.8237.7451.0656.36

59.3766.5356.7751.0057.7360.5764.1255.7462.06

1.2301.3051.365

1.4781.3081.371

1.3491.3661.496

1.395

1.3721.4351.4211.2891.0331.018

1.0581.0791.1981.150

1. 028

.9731.023

1.160

1.0201.0981.2411.0551.0181.121

* 1. 0741.0031.282.953

1.1901.266

1.4981.7131.4081.2471.4041.4951. 5701.4451.640

1.669

1.5751.7401.3111.1291.481

1.3741.2311.2261.211

.899

.769

.652

1.0031.257

49.45i 45. 52

45.8854.3337.2650.7256.30

59.4867.7455'. 9551.2757.4460.6263.1255.9261.15

1.2361.3121.376

1.4881.3141.377

1.3531.3941.500

1.406

1.3811.4431.4471.2941.0481.044

1.0701.0891.2081.158

1.032

.9771.043

1.156

1.0381.0901.2851.0571.0181.140

1 1. 0911.0831.267.951

1.1961.276

1.5081.7361.4061.2521.4101.4941.5671.4451.640

1.689

1.7801.7871.3541.1461.486

1.3781.2411.2281.215

.892

.771

.660

1.0031.258

49.04i 46. 14

43.6955.3137.3351.9957.14

61.6169.4058. 3201.8157. 9861.8464.7557.7664.75

1.2491.3311.396

1.5131.3251.395

1.3701.4051.515

1.424

1.3861.4601.4601.3091.0621.049

1.0931.1171.2271.165

1.048

.9851.057

1.169

1.0461.1061.2791.0721.0351.129

1 1. 1041.0251.276.952

1.2101.283

1.5341.7531.4361.2631.4321.5091.5911.4471.661

1.718

1.7651.8191.3701.1561.510

1.3901.2651. 2341.230

.911

.786

.672

1.0121.281

49.61i 46. 85

44.7554. 9837.9052.2257.10

61.6269.1858.6352. 6758.4660. 9463.5157.6263.78

1.2581.3371.397

1.5021.3311.400

1.3741.4081.526

1.437

1.3951.4611.4901.3121.0631.046

1.1051.1301.2341.175

1.055

.9911.062

1.178

1.0511.1201.2791.0821.0461.159

1 1.1151.1001.273.954

1.2151.287

1.5401.7581.4511.2731.4321. 5051.5931.4381.647

1.738

1.7841.7981.3561.1691.494

1.3921.2651.2271.241

.919

.787

.684

1.0131.289

49.90i 46. 26

37.9461.3137. 6752.8057.40

62.3069.7859.3553.1559.2162.5465. 8657. 9964.86

1. 268 '1.3461.404

1.5101.3391.404

1.3811.4121.540

1.462

1.4131.4611.5291.3201.0741.056

1.1081.1371.2471.185

1.090

1.0511.088

1.188

1.0191.1161.2171.0951.0591.1731.1151.0621.305.956

1.2221,292

1. 5561.7761.4691.2871.4481.5181.6071.4531.661

1.765

1.7541. 8511.3801.1781.554

1.4281.2761.2531.254

.925

.786

.687

1.0251.314

50.93i 47. 43

41.1461.5739.1653.6958.21

63.3771.4560.2253.7360.0763.2166.3259.4765.74

1.2781.3541.412

1.5191.3461.413

1.3911.4241.563

1.465

1.4061.^65,.5251.3271.0561.032

1.1171.1451.2451.196

1.100

1.0611.100

1.192

1.0521.1361.2701.0921. 0561.175

1 1. 1191.0931.291

9831.2261.295

1.5681. 7911.4791.2931.4571.5511.6471.4541.658

1.774

1.7561.8261.3601.1761.543

1.4141.2881.2571.229

.921

.797

.693

1.0161.300

49.4447. 0341.1057.1237.9753.2057.75

62.4168.9660.2354.3160.8064.4767.5457.3362.72

1.2851.3551.414

1.5331.3521.415

1.3891.4201.538

1.479

1.4081.4611.5671.3361.0501,023

1.1221.1511.2531.210

1.115

1.0771.137

1.195

1.0941.1781.3271.0951.0591.177

1 1. 1311.1021.275.984

1.2351.301

1.5791.7971.4931.3111.4771.5861.6991.4441.646

1.781

1.7641.8471.3711.1751.627

1.4261.2991.2571.241

.924

.807

.695

1.0441.309

' 49. 18' i 49. 30

42.7351.88

r 35. 0453.6158.41

' 62. 72' 70. 36

60.13••54.1260.82

' 64. 58' 67. 64

54.7058.22

' 1. 287r 1. 352

1.409

1.5131.3481.417

1.3921.432

M..548

' 1. 482

1.4061.452

r 1. 5821.3381.0801.055

1.1271.155

' 1. 255' 1. 217r 1. 139

1.0831.147

1.303

1.0981.1761.3341.1021.0651.181

' i 1, 132"•1.118

1.277'.9681.2451.310

' 1. 604'1.812

1.528T 1.315

1.479r 1. 581' 1. 689

1.4211.613

1.806

1.8171.8261.3701.1861.638

1.4281.2951.2651.238

.923

.802

.695

1.0501.343

'49.36' ! 47. 38

40.7756.03

r 36. 84' 53. 79

58. 50r 63. 97

71.3260.96

r 54. 1460.84

r 64. 87r67.77r 53. 24

55.54

' 1. 289'1.352

1.412

1.510r 1.350

1.422

1.395r 1.433r 1. 534r 1.471

1.4091.467

r 1. 5391.344

r 1.0711.044

r 1.1261.157

r 1.2601.219

1.140

1.0811.151

1.317

1.0911.1881.308

r 1. 1061.0711.187

r 1.131r 1. 120

1.303.975

1.249r 1.313r 1.621' 1. 843

1.528'1.314

1.483r 1. 587' 1. 692r 1. 408r 1. 599

'1.805

1.776r 1.841

1.3651.2121.605

' 1. 4081.2951.2671.223

.930

.805

.695

1.0451.334

50.67148.00

41.6565.5537. 5553. 3458.02

64.5072.9261.2654.3460.9764.3868.0253.4456.54

'1.291' 1. 356

1.415

1.5131. 3501.430

1.4031.4391.526

1.478

1.4171.4911.5411.3431.0801.053

1.1311.1621.270

' 1. 219

1.138

1.0761.156

1.311

1.0381.1731.2021.1161.0801.199

i 1. 1381. 1321.407.980

1. 2501.313

1.6451.8671. 5511.3251.4841.5961.7031.4131.603

1.822

2 1. 7082 1. 822

1.3711.2251.614

1.4271.2931.3491.242

.938

.813

.695

1.0551.346

p 1. 299v 1. 363

v 1. 229

' Revised. » Preliminary.1 Not strictly comparable with data prior to May 1947; comparable April 1947 figures—weekly earnings, $43.62; hourly earnings, $1.039. 2 Data reflect work stoppages.§See note in September 1947 Survey regarding a change in 1945, also in 1942 for the women's clothing industry, which affected comparability of the data.*New series. See note marked "*" on p. S-14 of the September 1947 Survey for reference to available data for the indicated series with the exception of hourly earnings for year-round

hotels which has not been included previously; data beginning 1939 for this item are available on request.!Revised series. See note marked "!" on p. S-13.




1947


berDecem-

ber

1948

Janu-ary



WAG E S— Continued

Miscellaneous wage data:Construction wage rates (E. N. R.):§

Common labor dol. perhr..Skilled labor _ do

Farm wages without board (quarterly)dol per month

Railway wages (average class I) dol ppr hrRoad-building wages, common labor:

United States average 0 do

PUBLIC ASSISTANCE

Total public assistance mil. of dolOld-age assistance, and aid to dependent children

and the blind, total mil of dolOld -age assistance do

General relief do

1.1401.94

1.136

.88

122

1088114

r 1.185r2.02

1.140

.89

122

1098213

' 1. 2332.07

114. 001.133

.92

123

1108213

r 1. 2372.08

1 137

125

1128313

'1.2372.10

1 264

126

1128413

' 1. 263r2.13

112.001 250

1.01

128

1148514

r 1. 265r2. 13

1 305

129

1158614

' 1. 272r2.14

1 290

132

1168716

1.2722.14

113 001 297

.91

134

1188816

1.2722.15

1 326

137

1218917

1.2832.15

1.279

138

1208818

.<*

1.2872.17

113. 001.279

.95

r139

1218917

1.3152.18

*139

*>123»90f 16

FINANCE

BANKING

Agricultural loans outstanding of agencies super-vised by the Farm Credit Administration:!

Total mil of dolFarm mortage loans, total do

Federal land banks _ doLand Bank Commissioner do

Loans to cooperatives, total _doShort-term credit, total do

Bank debits, total (141 centers) f. -— do. _New York City _ doOutside New York City do_

Federal Reserve banks, condition, end of month:Assets, total mil. of dol

Reserve bank credit outstanding, total.^doBills discounted doUnited States securities do

Gold certificate reserves.. doLiabilities, total do

Deposits, total doMember-bank reserve balances _do

Excess reserves (estimated) doFederal R eserve notes in circulation do

Reserve rat'o percentFederal Reserve weekly reporting member banks,

condition, Wednesday nearest end of month: tDeposits:

Demand, adjusted _ _mil. ofdoLDemand, 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.... __ _ _ doInvestments, total do

U. S. Government obligations, direct andguaranteed, total mil. of dol__

Bills doCertificates doBonds (incl. 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 to banks . _ _ _ _ doOther loans _._ do

Money and interest rates :1Bank rates to customers:

New York City...' percent..7 other northern and eastern cities do11 southern and western cities do

Discount rate (N. Y. F. R. Bank) doFederal land bank loanscf doFederal intermediate credit bank loans doOpen market rates, New York City:

Acceptances, prime, bankers', 60 dayspercent..

Commercial paper, prime, 4-6 months doTime loans, 90 days (N. Y. S. E.) do...Call loans, renewal (N. Y. S. E.) do

1,6831,034

910124152497

78, 35930, 89547, 464

44, 88222, 738

17922, 08819, 68944, 88218, OC916, 238

99124, 120

46.7

46, 314

45, 8C73,2681,H9

14, 411

14, 005324

10, 12643, 224

39, 220827

5,13530, 5562,7024,004

20, 01511, 7821. 169

1,C092,897

1912,957

1.004.0C1.52

.811.001.501.38

1,7061,033

910123159514

84, 89735, 63249, 267

44, 42522, 170

7021, 87220, 03944, 42517, 74816,112

73824, 154

47.8

46,626

46, 4433,191

59614, 460

14, 055328

10, 58143, 094

38, 990989

4,64830, 7012,6524,104

20, 27711,8091,266

9862,981

1583,077

1.832.442.951.004. CO1.52

.811.001.501.38

1,7311,028

907121180523

83, 95734, 77949, 178

44, 62621, 875

13721, 54920, 29644, 62617, 86916, 007

39924,090

48.4

47, 145

46, 8163,109

64814, 470

14, 061329

10, 32042, 971

38, 739638

4,53530, 9352,6314,232

20, 50811, 9671,095

1,0233,079

2353,109

1.004.001.52

.811.001.501.38

1,7461,018

900118205522

75, 04828, 33146, 720

45,61522, 759

18522, 19220, 53445,61518, 69516, 601

82324, 345

47.7

46, 954

46, 8843,124

94014, 520

14, 104334

10, 83342, 587

38,354582

4,13831,0152,6194,233

21, 21212, 5181,166

9753,171

2153,167

1.004.001.52

.881,001.501.38

1,7461,007

891115240500

81, 79931,83749, 962

46, 15322, 730

9222, 32920, 72346,15318,73816, 784

84124, 482

48.0

47, 056

47,3303,0761,561

14, 561

14,151328

11,17842, 740

38, 400519

4,02531, 2242,6324,340

22, 05613,1161,234

9753,244

2463,241

1.772.252.691.004.001.53

.941.061.501.38

1,739993882111284462

94,05837, 50456, 554

46, 58322, 906

29622, 16821,04446, £8319, 24016,956

86424, 481

48.1

47,771

47, 9883,027

96914, 584

14, 175327

11,11742, 462

38, 192769

4,03230, 973

2,4184,270

22, 57213, 817

970

9763,316

1873,306

1.004.001.54

.941.061.501.38

1,713982875107288444

82, 74031, 73851, 002

47, 20522, 975

33122, 20921, 36347, 20519, 43116, 974

82924, 651

48.5

48, 247

48,3793,146

74114, 478

14, 069328

11, 12141, 798

37, 560948

3,29130, 4742,8474,238

23, 22914, 358

919

9453,388

2303,389

1.004.001.54

.941.061.501.38

1,699973869103281445

106, 52046, 22560, 295

47, 71223, 181

8522, 55921, 49747, 71219, 73117, 8991,499

24, 82048.3

48, 685

49, 8093,246

79314, 609

14, 192338

11, 64341, 487

37, 2271,5303,338

29, 5052,8544,260

23, 32914, 658

784

8803,460

1063,431

1.822.272 611.004.001.58

1.031.191.501.38

1 707962862100278467

93, 96637, 61556, 351

47, 32722, 782

32721, 92521, 70147, 32720,31116, 919

76824, 156

48.8

48, 833

48, 7013,264

69314, 593

14, 127391

10, 68141, 559

37, 3232,2093,410

28, 9652,7394,236

23, 39414, 727

674

8113,516

1803,486

1.254.001.58

1.061.311.501.50

1 72495886098

270495

80, 77132, 27148, 500

46,99122, 109

43121, 02421,77646, 99119, 80717,062

76224, 045

49.7

47, 296

47, 1343,2191,009

14,801

14, 256471

10, 42240, 055

35, 8452,0483 972

27, 2662,5594,210

23, 43914, 540

831

7643,569

2333,502

1.254.001.63

1.061.381.501.50

1,74395586095249539

96, 48339, 58756, 896

46, 58921, 607

43020, 88721, 87846, 58919, 61016, 639

65523, 76850.4

45, 340

45, 4453,3631,29714, 772

14, 221478

9,75038, 768

34, 4331,2723,74527,1112,3054,33523, 45314,417

905

7613,615215

3,540

2.092.522 831.254.001.69

1.061.381.501.50

1,76395486193237574

91, 64637, 95553, 691

45, 49920, 858

24920, 34021,91045, 49919,00716, 944r737

23, 64851.4

46, 671

46, 4183,4841,30914, 790

14, 222492

9,70139, 780

35, 4752,2193,83926, 9972,4204,30523, 16014, 159

809

7493,669190

3.584

1.254.001.83

1.061.381.501.50

1,77895486490223601

87, 22635, 42951, 797

46, 27021, 576

30620, 66222, 03646, 27019, 76117, 021p818

23, 67550.7

46, 646

46, 6273,4781,25214, 877

14, 283517

9,91439, 415

35, 2181,9864,87926, 0182,3354,19723, 52114, 1131,058

7723,755219

3,604

1.254.001.88

1.061.381.501.50

r Revised. *> Preliminary. O Reported quarterly after July 1947 for the week nearest the 15th of the month indicated.IFor bond yields see p. S-19. § Rate as of July 1, 1948: Construction—Common labor, $1.352; skilled labor, $2.25. Revisions, 1947; Common labor, January, $1.110; February, $1.118:

skilled labor, January, $1.90.J The total and total short-term credit have been revised to include emergency crop and drought relief loans which are now supervised by the Farmers Home Administration and publication

of the detail for short-term credit and loans to cooperatives has been discontinued in the Survey; see September 1947 Survey for loans included in these totals.cf R ates on all loans; see note on item in April 1946 Survey.t Revised series. Bank debits were revised in the September 1943 Survey to include additional banks, see p. S-15 of that issue for revised figures for May-December 1942. The series for

weekly reporting banks have been shown on a revised basis beginning in the August 1947 Survey; see note in that issue.




1947

May June July 1 August Sep-tember

Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


FINANCE—ContinuedBANKING— Continued

Money and interest rates— ContinuedOpen market rates, New York City— Continued

Average yield on TJ. S. Govt. securities:3-month bills percent..3-5 year taxable issuest . do

Savings deposits, balance to credit of depositors:New York State savings banks mil. of dol. _U. S. Postal Savings do

CONSUMER SHORT-TERM CREDIT*Total consumer short-term debt, end of month

mil. of dol_.Installment debt, total do

Sale debt, total* . doAutomobile dealers* doDepartment stores and mail-order bouses*

mil. of dol. _Furniture stores*. doHousehold appliance stores* doJewelry stores* _ doAll other* do

Cash loan debt, total* _ doCommercial banks* . doCredit unions.. _ doIndustrial banks* doIndustrial loan companies* doSmall loan companies doInsured repair and modernization loans*

mil. of dol. _Miscellaneous lenders* do.

Charge account sale debt* . doSingle payment loans* doService credit* do

Consumer installment loans made by principallending institutions:

Commercial banks* mil. of dol..Credit unions doIndustrial banks* .... doIndustrial loan companies* doSmall loan companies _ _ do

FEDERAL GOVERNMENT FINANCEBudget receipts and expenditures:!

Expenditures, total mil. of dol.Interest on public debt . doVeterans' Administration doNational defense and related activities...do_All other expenditures. _ do

Receipts, total doReceipts, net do

Customs doIncome taxes __ doSocial security taxes doMiscellaneous internal revenue do.All other receipts. . . do "

Debt, gross, end of month:Public debt, total do

Interest-bearing, total do.Public issues doSpecial issues to trust accounts, etc do_.I.

Noninterest bearing. _ doObligations guaranteed by U. S. Government

, , mil. of dol..U. S. savings bonds:*

Amount outstanding doSales, series E, F, and G doRedemptions. do "

Government corporations and credit agencies:fA^set*' except interagencv 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 interagency, total doBonds, notes, and debentures:

Guaranteed by the United States doOther do

Other liabilities doPrivatelv owned interests doU. S. Government interests _ do

.3761.27

9.4273,387

10, 9344,7391,928

816

40938232

114175

2,8111,167

213138116633

431113

2,8352,460

900

212422424

115

3,86192

1,0121,3272,0353,2052,865

371,619

364595590

258, 343254, 975228, 78926, 1863,368

171

51, 282488421

.3761.29

9,5353,393

11, 2304,9192,036

880

423395

37119182

2,8831,196

224143119638

450113

2,8872,508

916

211432624

117

6,5401,396

6011,4931,0805,4815,473

353,270

121602

1,453

258, 286255, 113227, 74727, 3663,173

83

51,407482433

29, 6667, 6622,054

660164224

6293

4,058597851

1,7773,566

12,6913,1202,634

83506

2,045269

26, 763

.7031.33

9,5563,398

11,3025,0452,092

922

42939839

120184

2,9531,221

233148121649

467114

2, 7862,548

923

217442923

123

3,669245564979

1,8812,4702,397

371,382

80663307

259, 448256, 321227, 80528, 5163,127

74

61, 589559457

.7481.31

9,5803,396

11, 4335,1792,167

965

44040841

124189

3,0121,248

240152124652

482114

2,7552,579

920

204422522

113

3,060103511908

1,5382, 8662,536

311,668

352643172

260.097257', 110227, 89029, 2202,987

73

61, 699460404

.8041.28

9,6303,407

11,6825,2902,2571,004

46242343

128197

3,0331, 255

245154125643

497114

2,8642,607

921

206412724

107

2,932668494

1,OC67P4

4,8854,872

343,435

133699585

259, 145256, 107226, 587

29, 6203,038

70

51,759466432

31, 0379,2122,200

665162240

6340

5,405591

1,0931, 7253,553

12,6622,7922,895

84667

2,144138

28, 005

.8571.35

9,6553,412

12, 0555,4632,3701,047

495443

46131208

3,0931,281

250157127647

517114

3,0292,645

918

218452823

121

2,446157481

1,151656

2,4562,390

421,345

70782217

259, 071256, 270226, 82229, 4472,801

78

51, 928488404

.9321.47

9,6813,413

12, 6365,7332,5511,099

555474

49145229

3,1821,309

257162130670

538116

3,3092,677

917

221442725

142

2,194127526936605

3,0542,743

321,666

329695331

258, 212255, 591226, 07429, 5172,621

83

52, 039412367

.9501.54

9,8023,417

13, 3856,1562,8391,151

650528

52192266

3,3171,358

269166134712

558120

3,6122,697

920

254533330

191

3,224972568996688

4,2604,246

352,769

142767547

256, 900254, 205225, 25028, 9552,695

76

52, 174487434

30, 9669 7142,269

556147272

5442

5,673714822

1,6853, 539

12,6002,6072,808

82689

2,037143

28, 015

.9771.63

9,8553,432

13, 0586,1862,8181,202

63250252

176254

3,3681,385

271165137717

572121

3,2402,708

924

235442726

110

2,879401524

1,069885

4, 3104,275

373,237

51656329

256, 574253, 958224, 81029, 1482,616

72

52, 575770454

.9961.63

9,9043,441

12,9456,2492,8351,254

624492

52164249

3,4141, 403

275167140721

587121

3,0672,701

928

209442525

107

2,402142529850881

4,6144,336

343,159

423629369

254, 605252, 100222, 85429, 2462,505

74

52, 875607364

.9961.60

9,959r3,435

r 13, 391r 6, 498r 2, 986

1,367

653497

54r 160

255r 3, 512r 1,449

287173143733

r604••123

3,2812,686'926

27256

••3229

140

3,546608597850

1,4916, 3656,334

415,165

176739243

252,990250, 634221,36229, 2722,356

73

53. 061'588462

31, 10710, 1342,399

623147259

5379

6,093613570

1,8453,526

12, 5352,4962,724

76781

1,868150

28, 233

.9971.58

9,986«• 3, 415

T> 13, 599p 6, 737p 3, 139p 1, 470

P680P511

P155P263

p 3, 598v 1, 489

P180p 146P739

P621P123

p3,265P 2, 664

P933

P256p58p31P27

P121

3,109154582909

1,4642,8812,806

351,858

83662243

252, 240249, 920220, 71829, 2012,320

70

53, 133468452

.9971.51

10, 017v 3, 391

P 13, 804p 6, 957P 3, 284P 1, 559

P704»529

P155P272

P 3, 673p 1, 516

P30SP19CP148*>747

• P124P 3, 255P 2, 654

P938

P239P 55p 31P25

P123

2,604124530933

1, 0173, 081}2, 707

3:1' 401673191!

252, 23(5249, 95S220, 63629, 3252,278

70

53, 207432428

r Revised, p Preliminary.I This series has been substituted beginning December 1945 for the series formerly designated "taxable treasury notes"; see note on item in September 1947 Survey for earlier data.*New series. Revised monthly figures for 1929- 46 for total consumer short-term credit, total installment credit, total installment sale credit, total installment cash loans, charge account

sale credit, single-payment loans, and service credit outstanding are shown on p. 24 of the April 1948 Survey. See notes marked "*" p. S-15 and p. S-16, respectively, of the April 1946 andSeptember 1947 Survey with regard to unpublished revisions in the detail of sales debt and installment cash loans by lending agencies; except as indicated in these notes, data for these seriesfrom the earliest year available are shown on pp. 17 and 18 of the November 1942 Survey. See note in the February 1947 Survey for information on the series for U. S. savings bonds and ref-erence to the earliest data published.

fRevised series. Total Federal expenditures has been revised to include net expenditures (excluding debt retirement) of wholly-owned Government corporations, shown separately priorto the October 1947 Survey, and several changes have been made in the detail. Data for "national defense and related activities" (formerly designated "war and defense activities") excludebeginning July 1947 certain miscellaneous items included in earlier data (see note 5 on p. S-17 of September 1947 Survey). Data for Veterans Administration include veterans' pensions aridbenefits and transfers to trust accounts. Data for social security taxes have been revised to exclude railroad unemployment insurance contributions which are not classified as internal revenue.See notes in May 1946, October 1946, and February 1947 issues of the Survey for explanation of changes in data for assets and liabilities of Gpvernment corporations and credit agencies; the

• • * " • • - " - - — , , . . . , . , - - - . .. ; the exclusion of these, and privately owned




1947


berDecem-

ber

1948

Janu-ary


FINANCE—Continued

FEDERAL GOVT. FINANCE— Continued

Reconstruction Finance Corporation, loans out-standing, end of month, totalf mil. of dol_.

Banks and trust cos incl receivers doOther financial institutions doRfiilroads including receivers doLoans to business enterprises, except to aid in

national defense mil ofdolNational defense doOther loans and authorizations do

LIFE INSURANCE

Life Insurance Association of America:Assets, admitted, 36 companies, totali.mtl. of dol__

Mortgage loans, total doFarm _ _ _ doOther do

Real-estate holdings doPolicy loans and premium notes do_ _..Bonds and stocks held (book value), total _ do

Govt. (domestic and foreign), total.. _ _ d o _ ._U. S. Government do

Public utility doRailroad doOther - do _

Cash doOther admitted assets _ d o _

Premium collections total! thous of dolAnnuities doGroup doIndustrial doOrdinary do

Life Insurance Agency Management Association:Insurance written (new paid-for-insurance):f

Value total mil. of dolGroup _ do _ _Industrial doOrdinary, total _ do _ _ _

New England doMiddle Atlantic do .East North Central doWest North Central do_ _South Atlantic doEast South Centra] do _West South Central __.doMountain doPacific do

Institute of Life Insurance:*Payments to policyholders and beneficiaries,

total __thous. of dol__Death claim payments _ doMatured endowments doDisability payments doAnnuity payments ._do_ _Dividends doSurrender values, premium notes, etc ._ do

MONETARY STATISTICS

Foreign exchange rates:Argentina dol. per paper peso. _Belgium dol. per francBrazil, free rate§ __dol. per cruzeiro-.Canada, free rate§ dol. per Canadian dolColombia dol. per pesoFrance _ dol. per francIndia. dol. per rupeeMexico _ dol. per pesoNetherlands dol. per guilderSweden dol. per kronaUnited Kingdom, free rate dol. per £

Gold and silver:Gold:

Monetary stock, U. S mil. of dol__Net release from earmark* thous. of dol__Gold exports^ doGold imports! doProduction, reported monthly, total®___do

Africa do

United States® doSilver:

Exportsf thous. of doL.Imports^. _ doPrice at New York ... dol. per fine ozProduction:

Canada thous. of fine ozUnited States _ do_..«

1,25017797

144

186232413

39, 7765,750

6155,135

6141,477

30, 57919. 27417, 8884,7512,4914,063

568788

381, 21239, 25527, 16265, 497

249, 298

1,829227373

1,23084

302267120132489742

139

245, 999111, 67934, 5957,693

18, 31541, 26932, 448

.2977

.0228

.0544

.9195

.5698

.0084

.3016

.2058

.3776

.27824. 0274

20, 93313, 0573,028

132, 762' 63, 133' 39, 691

9,4127,220

1,3874,488.725

9293,896

1,27115940

144

203283441

40, 0575,837

6245,213

6221,481

30, 74019, 09317, 7044,9652,5224,160

588789

400, 69746, 30524, 30174, 416

255, 675

1,830291350

1,18979

285259119132479640

132

251, 165108, 44434, 2707,753

18, 86849, 23732, 593

.2977

.0228

.0544

.9159

.5698

.0084

.3016

.2058

.3775

.27834. 0272

21, 266118, 958

2,685202, 917r 60, 108' 38, 142

9,4186,117

1,6854,408.668

1,0852,746

1,15015740

144

207283318

40, 2875,953

6325,321

6311,485

30, 93618, 98617, 6035, 1112,5124, 327

525757

385, 07563, 02132, 10065, 185

224, 769

1,857328318

1,21178

29426712013246

10240

132

247, 203115, 95830, 9978,509

19, 09840, 11932, 522

.2977

.0228

.0544

.9165

. 5698

.0084

.3017

.2058

.3776

.27834. 02V1

21, 53726, 7453,639

222, 839' 64, 601r 39, 785

9,1497,319

1,6363,410.636

1,0291,924

1,15415340

143

214282320

40, 4466,041

6395,402

6391,490

30, 94018,86417, 4785,1692,5004,407

546790

354, 41041,31027, 14762, 122

223, 831

1,616186326

1,10473

257241110122459338

125

218, 389101,41528, 3676,358

17, 57435, 21829, 457

.2977

.0228

.0544

.9200

.5698

.0084

.3017

.2058

.3775

.27834. 0273

21, 76642, 3175, 118

116, 776' 62, 069' 39, 181

9,1317,033

6304,659.657

1,0622,594

1,15115240

142

218280318

40, 6936,131

6415,490

6411,494

30, 89318, 64017, 2555,3032, 5044,446

703831

390, 18347, 41027, 72075, 045

240, 008

1,583212324

1,04868

231231107124439336

114

236, 414108, 17930, 1677,269

17, 79542, 36430, 640

.2977

.0228

.0544

.9036

.5698

.0084

.3017

.2058

.3775

.27824. 0300

21, 955153, 112

2,085111, 685'61,286' 38, 833

8, 6686,979

3744,440.706

9242,180

1,15415140

142

226283312

40, 9036,242

6455,597

6581,498

31.09318, 62317, 2415,4462,4994.525

582830

374, 08448, 64030, 96164, 059

230, 424

1,857201366

1,29090

321290127140489542

138

247, 149112, 52336, 2617,609

18, 02438, 52734, 205

.2977

.0228

.0544

.8999

.5698

.0084

.3017

.2058

.3776

.27824. 0310

22, 294-3, 968

5,619456, 450* 61, 095r 37, 776

9,0578,185

2, 5096.087.716

1,0943,243

1,15214940

142

228280312

41, 0696,340

6495,691

6651,500

31, 20918, 45117, 0595,6092,4994,650

543812

360, 04645, 83822, 47863, 865

227, 865

1,797203336

1,25885

323284124134479339

129

219, 223101, 33429, 8386,924

17, 97535, 32327, 829

.2977

.0228

.0544

.8959

.5698

.0084

.3018

.2058

.3777

.27834. 0305

22, 614-82, 786

1,600267, 301r 60, 188•• 37, 396

8,8266,243

1,0426,917

.746

9543,589

1,16514742

142

246279309

41, 4006,483

6535,830

6761,504

31, 27218, Oil16, 6365,6802,4755,106

695770

550, 395109, 54535, 849

101, 348303, 653

2,201436287

1,47891

34631815316956

11557

173

283, 410122, 77731, 1688,118

16, 21669, 11436, 017

.2977

.0228

.0544

.8836

.5698

.0084

.3018

.2058

.3770

.27834. 0313

22, 754-44, 592

2,509180, 674' 60, 891r 38, 034

9,6147,281

3523,296.746

9213,724

41. 8926,584

6575,927

6951,508

31, 44717, 92516, 5395, 7532,4715,298

854804

402, 58662, 29633,01865, 235

242, 037

1,818178309

1,33190

34430412613851

10043

135

278, 138121, 00738, 9878,723

24, 27552, 45232, 694

.2977

.0228

.0544

.9046

.56991.0084.3017.2058.3765.2783

4. 0307

22, 935-14, 859

6,590241, 568r 39, 079

9,5686,042

1,6367,222.746

9583,938

42, 0706,694

6686,026

7001,513

31,61717,70916, 3385,8502,4795, 579

723823

411, 36651, 27536, 06668, 528

255, 497

1,648195338

1,11572

272252108121418838

124

250, 600113, 86035, 496

7, 11118, 01444. 69431,425

.2977

.0228

.0544

.8906

.57012 . 0047

.3017

. 2058

. 3771

.27834. 0311

23. 036-72, 165

2,250161, 948r 36, 561

9,1775, 489

2206,196.746

r 1, 0362,070

42, 3456,816

6786, 138

7121,523

31, 85117, 58616, 2085,9792, 4725,814

602841

487, 26887, 46834, 67480, 687

284, 439

1,850225383

1,24381

301272118141509941

140

307, 077142, 33940, 1578,356

19, 43855, 08341, 704

.2977

.0228

.0544

.8928

. 57012 . 0047

.3017

.2058

. 3775

.27834. 0313

23, 137-63, 376

27, 385127, 328

6,372

2295,331.746

1,0993,383

42, 5676,943

6926, 251

7491, 533

31, 96017, 36915, 9916,1012,5025,988

524858

1, 858201369

1,28785

326278120148519941

140

273, 084123, 59036, 7067,963

19, 88144, 44640, 498

.2977

.0228

.0544

.9063

.57012. 0047

3 . 3017.2058.3776. 2783

4.0315

23, 169-111,546

28, 178262, 334

5,650

5,7635.560

^746

1,0903.216

42, 7597, 058

7066, 352

7521, 542

32, 00817, 21515, 8376, 2032, 5026,088

533866

1, 74f>157393

1, 19681

289255112140489840

134

244, 544109, 45532,986

7, 47218,16440, 37736, 090

.2977

.0228

. 0544

.9227

.57012.00473.3017.2057.3775.2783

4. 0312

r 23, 304-2, 84161, 887

213,214

2, 5649,146.746

3,253

r Revised. * Preliminary. 1 Based on quotations through January 23 when franc was devaluated.2 Official rate. The February figure is based on quotations beginning February 10; the free rate for this period and succeeding months is $0.0033. 3 Excludes Pakiston.{See note on item in September 1947 Survey for coverage of data and information on a substitution for one company in the assets series in 1944. Beginning January 1948, the data include

total assets of one company that formerly reported assets of the life department only; assets of the accident and health department of this company represent about one-half of 1 percent of totalassets for the 36 companies.

§See note on item in September 1947 Survey regarding official rate.

<8>See notes in the April 1946 and August 1946 issues regarding revisions in the data for 1941-44 and January-May 1945 and note in the January 1948 Survey regarding revisions in the 1946figures for the United States and corresponding revisions in the total. Beginning in this issue figures for Africa and the total include production in Belgian Congo and the total includes alsoproduction in Mexico and revised figures for Australia. Heretofore data for Belgian Congo and Mexico have not been available currently since May 1940 and March 1942, respectively, andfigures reported through May 1940 for Belgian Congo represented only about 50 percent of production while those formerly included for Australia after December 1943 covered WesternAustralia only Revised annual figures for 1938-46 and monthly figures for January 1946-April 1947 for the total and Africa are available upon request.

^Publication of data was suspended during the war period; data for November 1941-February 1945 will be published later.tRevised series. All series for insurance written are estimated industry totals and for group and industrial insurance are not comparable with data published prior to tne March I94b burvey

(see note in that issue); data for 1940-44 for these series will be shown later; data for ordinary insurance continue the data from the Life Insurance Sales Research Bureau published in the 1942.Supplement and subsequent monthly issues. See note in November 1943 Survey for explanation of revision in classifications for the Reconstruction Finance Corporation.

*New series. See November 1942 Survey, p. S-16, for a brief description of the series on payments to policy holders and beneficiaries and data for September-December 1941 and early 1942.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S-18 SUBVEY OF CURRENT BUSINESS July 1948


1947


berDecem-

ber

1948

Janu-ary


FINANCE—Continued

MONETARY STATISTICS— Continued

Money supply:Currency in circulation mil. of dol_Deposits adjusted, all banks, and currency oufr-

side banks, total* mil. of dol_-Deposits, adjusted, total, including U. S. de-

posits* mil. of dol.Demand deposits, adjusted, excl. IT. S.*_doTime deposits, incl. postal savings* do

Turnover of demand deposits, except interbank andU. S. Government, annual rate:*

New York City ratio of debits to depositsOther leading cities do

PROFITS AND DIVIDENDS (QUARTERLY)

Industrial corporations (Federal Reserve):Net profits, total (629 cos.)cf -mil. of dol._

Other transportation equip (68 cos ) doNonferrou5! metals and prod (77 cos ) doOther durable goods (75 cos ) doFoods, beverages and tobacco (49 cos.) ---do

Industrial chemicals (30 cos.) doOther nondurable goods (80 cos ) do

Profits and dividends (152 cos.):*Net profits doDividends:

Railways and Telephone cos. (see pp. S-22 andS-23).

SECURITIES ISSUED

Commercial and Financial Chronicle:Securities issued, by type of security, total (new

capital and refunding)! mil. of dol.__New capital total J do

Domestic totalj doCorporate J doFederal agencies doMunicipal, State, etc do

Foreign doRefunding total J do

Domestic, totalj _ _ doC orp orate t doFederal agencies _ do_ _Municipal, State, etc do

Foreign _ _ doSecurities and Exchange Commission^

Estimated gross proceeds, total doBy types of security:

Bonds notes and debentures, total _ doCorporate _ _ _ _ do

Preferred stock _ _ _ _ _ d oCommon stock do

By types of issuers:Corporate total _ . _ _ do_

Industrial - _ - doPublic utility - - doRail -••. doOther (real estate and financial)__.'_.-do

Non-corporate, total® _ do_TJ S Government doFederal agency not guaranteed do_ _ _State and municipal _ _ do__Foreign do

New corporate security issues:Estimated net proceeds, total _._do

Proposed uses of proceeds:New monev total do

Plant and'equipment __ .doWorking capital _ _ do

Retirement of debt and stock doFunded debt _ do _Other debt doPreferred stock do _

Other purposes . _ doProposed uses by major groups:

Industrial total net proceeds - - doNew money - - doRetirement of debt and stock do_ »

Public utility, total net proceeds doNew money do_ _Retirement of debt and stock _ _ _ d o

Railroad total net proceeds doNew money _ _ _ doRetirement of debt and stock do _

Real estate and financial, total net proceedsmil. of dol..

New money do__..

28, 261

165,000

138, 90081, 50055, 200

22.717.3

70935533321215

10622

3543543193310

1,225

1,08830911226

4461702293710

779653

010620

437

18010971

25119819347

16612931

22531

192371622

106

28,297

165, 455

139, 15682, 13455, 655

25.617.9

86710083

105153

465864

110879271

432

23192166

1,03874574551915

2120

293255214382

38

2,041

1,90059611230

7381455422922

1,3041,051

021437

727

498426

7222216415436

1419641

53635318128280

212

28, 149r 166, 200r 140, 200

r 83, 00055,800

22.917.2

2 1, 0442870

619483

12124

117517011840115

1,777

1,58941211079

6012463112814

21,177790

0136

0

588

43537064

129103179

24

23917556

3072347228220

143

28, 434r 166, 900

' 140, 800r 83, 300

55,800

20.616.6

542351326132

818525

1911911474030

1,050

1,0262231510

24881

141233

802614

0188

0

245

1189919

1211021636

796513

14028

10723230

22

28, 567r 168, 400r 142, 100

r 84, 10056, 100

23.118.0

900100

77103157

455985

121819380

432

22190135

78562162125885

2770

16516512242

W o1,357

1,2613466729

44173

3105

53915637

0278

0

434

24417965

163154

91

26

714521

306157136

542

6138

28, 552

169, 700r 143, 500

85, 400r 56, 300

23.918.2

813713713599

0114

0101101762050

2,414

2,207414

57150

6222623083517

1,7921,673

0118

0

612

5103881227815451824

25919365

303280

83531

4

167

28, 766r 170, 200

143, 80085, 90056, 000

26.619.8

74160860847037

1010

134134844820

1,253

1,10441231

118

5612182843722

692589

0103

0

547

42535471

10374227

18

21312971

2772453137370

2115

28, 868

* 171, 346r 144, 970

T 87, 123r 56, 395

29.920.0

1 033112105115146

5971

108160889080

501

23278160

1,1601,0291,026

9260

994

130130834520

2,038

1,859899

70108

1,078504498

2056

960854

0105

0

1,063

93280013210591122

26

49642267

4934801220200

549

28, 111

v 170, 100

9 144, 4009 86, 6009 56, 500

26.218.7

54149549536516

1140

46463

4220

1,376

1,3242942428

34698

1672457

1,030913

0116

0

340

294193101326

260

14

957024

164149

623230

5752

28,019

9 168, 800

p 143, 2009 84, 600v 56, 800

25.618.6

85780280154639

2171

5656143930

1,552

1,332393

49170

6134411213516

939718

0220

0

594

546309237471422121

42539035

1191061234340

1615

27, 781

9 166,400

9 140, 9009 81, 6009 56, 900

26.419.1

9\ 030

9 87P130pi 61

P49P62P83

»196p90

P57

P527

P22P207P186

1,4091,2571,221

56031

63037

15215297£4

0

2,029

1,9836422521

68812632581

1571,341

7080

6330

679

560343217114833016

1238340

32028136804237

157153

27, 716

»167, 700

P142, 400*>83, 000P56, 900

26.518.6

95178478356250

1712

16616650

114

1,407

1,2975265158

6362732695242

771597

0174

0

626

43433410016662

1040

25

26915411026523331513219

4115

Retirement of debt and stock do 5 (°) 1 1 4 (°) 1 26 2 1 («) 7r Revised. f> Preliminary. 1 Partly estimated. 2 Includes $250,000,000 bonds of International Bank. (°) Less than $500, 000.cTSee p. 31 of the October 1946 Survey for revised 1941-44 data for 629 companies and the industrial groups. JSee note in the April 1946 Survey for revisions in the data for 1944® Includes data for nonprofit agencies not shown separately. The July figure includes also $250,000,000 bonds of International Bank.*New series. For data for 1929-40 for profits and dividends of 152 companies, see p. 21 of the April 1942 Survey; 1941-44 revisions are available upon request. See note on p. S

tember 1944 Survey for description of series on net income of electric utilities and data beginning third quarter of 1943. For a brief description of the series on bank deposits and curside banks and data beginning June 1943, see p. S-16 of the August 1944 Survey; beginning January 1947 data are for the last Wednesday of the month instead of the end of the monbeginning 1939 for turn-over rate of bank deposits and a description of the data will be published later.

fRevised series. There have been unpublished revisions in the 1941-44 data for security issues compiled by the Securities and Exchange Commission, as indicated from time tnotes in the Survey, revisions in the 1945 data as shown in the September 1946 and earlier issues, and in the 1946 data shown in the November 1947 and earlier issues; all revisions will belater.

^27, 807

P167, 800

P142, 440*>83, 160*>56, 930

27.918.7

65259159137435

1820

61614

4980

1,158

1,0632986926

394146219

244

764574

0190

0

384

34529748211

200

18

14110919

216209

224240

63

(«)

-17ofSep-rency out-th. Data

o time inpublished




1947


berDecem-

ber

1948

Janu-ary


FINANCE—ContinuedSECURITIES ISSUED— Continued

State and municipal issues (Bond Buyer):Permanent (lone; term) thous of dolTemporarv (short term) do

COMMODITY MARKETS

Volume of trading in grain futures::}:Wheat mil. of buCorn do _ _

SECURITY MARKETS

Brokers' Balances (N. Y. S. E. MembersCarrying Margin Accounts)^

Customers' debit balances (net) mil of dolCash on hand and in banks doMoney borrowed __do _Customers' free credit balances do

BondsPrices:

Average price of all listed bonds (N. Y. S. E.)dollars..

Domestic doForeign ~ do

Standard and Poor's Corporation:Industrials, utilities, and railroads:

High grade (15 bonds) dol. per $100 bond__Medium and lower grade:

Composite (50 bonds) _ _ _ d oIndustrials (10 bonds) doPublic utilities (20 bonds) doRailroads (20 bonds) do

Defaulted (IE bonds) _ _ do_ _Domestic municipals (15 bonds)f do

U. S. Treasury bonds (taxable)t __ _ . .do__Sales (Securities and Exchange Commission):

Total on all registered exchanges:Market value § thous. of dol. _Face value § _- do

On New York Stock Exchange:Market' value § doFace value § do

Exclusive of stopped sales (N. Y. S. E.), facevalue, total thous. of dol__

U S Government doOther than U.S. Government, total ._ do

Domestic doForeign _ _ do

Value, issues listed on N. Y. S. E.:Face value all issues mil. of dol

Domestic doForeign do

Market value all issues doDomestic - do__Foreign do

Yields:Domestic corporate (Moody 's) percent. .

By ratings:Aaa doAa __ _ doA doBaa _ _ do__

By groups:Industrials doPublic utilities doRailroads do

Domestic municipals:Bond Buyer (20 cities) . doStandard and Poor's Corp. (15 bonds) — do

U. S Treasury bonds, taxablef do

StocksDividends:

Cash dividend payments and rates, 600 cos.,Moody's:

Total annual payments at current ratesmil. of dol. _

Number of shares, adjusted millionsDividend rate per share (weighted average)

dollars _ _Banks (21 cos.) doIndustrials (492 cos.) doInsurance (21 cos.) doPublic utilities (30 cos.) doRailroads (36 cos.) do

Cash dividend payments publicly reported:*Total dividend payments mil, of dnl

Manufacturing _ do __Mining doTrade _ d o _ _ _Finance doRailroads do _Heat, light, and power doCommunications doMiscellaneous do. _

108, 50229, 927

328369

530

201652

102. 491C2. 9275.32

122.9

115.0123.2112.5109.261.9

133.9104.5

71,02498, 349

63,88090,458

82, 526140

82, 38675, 8636,523

137, 019134, 856

2,163140, 426138, 797

1,629

2.79

2.532.632.823.17

2.602.713.05

1.831.952.19

2,310954. 65

2.423.212.502.591.962.66

173.593.51.49.6

22.45.7

37.2.3

3.4

214, 74949,717

358531

552395222650

102. 25102. 7074.02

122.8

114.3122.6113.0107.363.4

134.4104.1

67, 49088, 531

58, 24878, 115

70, 077386

69, 69163, 5906,101

137, 058134, 932

2,126140, 148138, 574

1,574

2.81

2.552.642.833.21

2.602.723.10

1.811.922.22

2,310954. 65

2.423.212.512.591.982.66

662.2389.565.839.454.334.250.010.518.5

144, 801136, 364

601509

564

251677

102. 33102. 7774.16

122.5

115.7122.8113.8110.569.6

134.7103.8

85, 253109, 385

76, 97299, 723

96, 6611,152

2 95, 50976, 9375,101

3 137, 563135, 175

2,1383 140, 763

138, 9231,585

2.80

2.552.642.823.18

2.622.723.06

1.811.912.25

2,329954. 65

2.443.212.522.591.992.67

451.4197.911.929.692.811.143.751.512.9

194, 22030, 715

503482

550

241656

102. 62103. 0973.28

122.3

116. 1123.9113.9110.469.6

134.3103.9

64, 88681, 063

56, 61870, 705

60, 49014

2 60, 47652, 5885,216

3 137, 628135, 210

2,1683141,236

139, 3941, 589

2.80

2.562.642.813.17

2.632.723.03

1.831.932.24

2,348954. 65

2.463.212.552.591.992.68

192.6100.2

1.99.3

36.76.1

32.9.3

5.2

275, 00677, 113

847393

570

280630

1 102. 06102. 5473.28

121.5

115.1121.9114.1109.368.6

134.4104.0

60, 32680, 312

51, 28469, 316

73, 44073

2 73, 36763, 9497,344

s 137, 666135, 281

2,1353 140, 499

138, 7151,533

2.85

2.612.692.863.23

2.672.783.09

1.841.922.24

2,358954. 65

2.473.212.562.591.992.68

573.2362.455.740.631.717.035.510.919.4

121, 03485, 242

651241

606

257616

* 101. 19101. 6571.90

120.0

114.0120.8114.3106.969.4

132.5103.4

85, 862121, 655

78, 192112, 210

105, 990219

2 105, 77195, 2469,265

3 136, 711134, 346

2,1153 138, 336

136, 5681,521

2.95

2.702.792.953.35

2.762.873.22

1.972.022.27

2,387954. 65

2.503.212.622.591.992.63

427.4199.6

6.936 760.613.247.750.712.0

105, 87523, 010

373227

593

247617

i 100. 46100. 9370.51

118.8

113.3120.0114.7105.168.1

129.4102.1

63, 94987, 497

59, 51181, 663

81, 82339

2 81, 78473, 8306,431

3 136, 879134, 556

2,0733 137, 509

135, 8041,462

3.02

2.772.853.013.44

2.842.933.30

2.092.182.36

2,463954. 65

2.583.212.722.591.992.57

176.9101.2

1.38.5

23.24.0

35.9.3

2.5

101, 195148, 464

424282

578393240612

i 99. 62100. 1168.96

117.0

112.5119.1113.9104.6(a)

126.2101.6

145, 181186, 213

137, 971178, 255

141, 873125

2 141, 748131, 041

8,5813 136, 727

134, 3472,130

2 136, 207134, 500

1,469

3.12

2.862.943.163.52

2.923.023.42

2.352.352.39

2,473954. 65

2.593.212.752.591.992.56

1,139.6726.999.967.398.751.346.013.136.4

125, 76377,416

488272

568

217622

i 99. 77100. 2768.77

117.4

112.4118.9113.7104.6(a)

124.5100.7

98, 892134, 381

93, 971128, 055

111,380185

2 111, 195102, 419

7,013

3 136, 543134, 173

2,1203 136, 232

134, 5371,458

3.12

2.862.943.173.52

2.913.033.44

2.402.452.45

2,482954. 65

2.603.212.762.592.002.56

527.8224.9

6.655.9

100.523.750.553.712.0

227, 40879, 895

483291

537

208596

i 99. 84100. 3567.61

117.5

112.4119.3114.1103.8(°)122.6100.7

60, 12684, 508

56, 16179, 154

69, 74516

2 69, 72963, 5115,846

3 136, 531134, 170

2,1113 136, 313

134,6451,427

3.12

2.852.933.173.53

2.903.033.43

2.482.552.45

2,482954. 65

2.603.212.772.592.002.56

199.499.31.4

17.133.78.2

37.2.3

2.2

639, 938103, 453

454280

550

229592

1 99. 97100. 5465.20

118.0

112.1119.1113.5103.7(a)

123.1100.8

67, 05595, 180

62, 79989, 511

85,36779

2 85, 28874, 32610, 721

3 134, 201131, 835

2,1163 134, 167

132, 5441,379

3.10

2.832.903.133.53

2.893.013.40

2.422.522.45

2,511954. 65

2.633.212.792.592.002.68

595.5370.040.443.534.022.456.010.618.6

' 182, 626r 94, 387

390278

572

241614

i 100. 19100. 7465.99

118.6

114.1119.6116.4106.4.(")125.7100.8

87, 151r 132, 534

«• 81, 942125, 834

114, 47951

2 114, 428106, 223

7,931

3 134, 297131, 931

2,1163 134, 546

132, 9031,396

3.05

2.782.873.083.47

2.852.973.34

2.342.382.44

2,539954. 65

2.663.212.832.592.002.68

456.0196.1

6.842.162.930.152.554.311.2

188, 30524, 727

276260

615

258619

100. 80101. 3566.45

118.7

115.6120.4118.9107.4(a)

127.0101.2

87, 363119, 745

83, 047113, 325

108, 95452

2 108, 90299, 5808,975

3 134, 300131, 931

2,1193 135, 370

133, 7141,408

3.02

2.762.863.063.38

2.822.953.27

2.232.312.42

(0)

(a)

(a)(a)

(«)

168.993.82.47.6

23.63.0

35.3.3

2.9r Revised. JData continue series in the 1942 Supplement. ° Discontinued. * Prices of bonds of the International Bank are included in computing the averages.2 Includes sales of bonds of International Banks as follows: 1947— July, $13,471,000; August, $2,672,000; September, $2,074,000; October, $1.260,000; November, $1,523,000; December, $2,126,000;

1948— January, $1,763,000; February, $372,000; March, $241,000; April, $274,000; May, 347,000.3 Includes bonds of International Bank as follows:— Face value— July 1947 to May 1948, $250,000,000; market value— 1947; July, $255,000,000; August, $253,000,000; September, $251,000,000;

October, $248,000,000; November, $244,000,000; December, $238,000,000; 1948; January, $237,000,000; February, $241,000,000; March, $244,000,000; April, $247,000,000; May, 248,000.§Since March 18, 1944, United States Government bonds have not been included. ISee note in September 1947 Survey for source of data.*New series. Data for dividend payments for 1941-44 are available on p. 20 of the February 1944 Survey and p. 31 of the February 1947 issue. Revised data for January 1947 will be shown

in a later issue.fRevised series. For explanation of revision in the series for municipal bonds and data beginning February 1942, see p. S-19 of the April 1943 Survey; earlier data will be published later.

Revised figures through 1943 for prices and yields of U. S. Treasury bonds and a description of the data are on p. 20 of the September 1944 Survey.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


FINANCE—Continued

SECURITY MARKETS— Continued

Stocks— Continued

Dividends— ContinuedDividend yields:f

Common stocks (200), Moody's percent..Banks (15 stocks) . . . . d oIndustrials (125 stocks). doInsurance (10 stocks) doPublic utilities (25 stocks) doRailroads (25 stocks) _ do

Preferred stocks, high-grade (15 stocks), Stand-ard and Poor's Corporation percent..

Prices:Average price of all listed shares (N. Y. S. E.)

Dec. 31, 1924=100__Dow-Jones & Co. (65 stocks) dol. per share..

Industrials (30 stocks) _ _ . doPublic utilities (15 stocks) doRailroads ( 2 0 stocks) _ _ _ _ _ _. d o . .

Standard and Poor's Corporation:Industrials, utilities, and railroads:

Combined index (402 stocks) ___1935-39= 100. _Industrials (354 stocks) do

Capital goods (116 stocks) . _ _ _ doConsumer's goods (191 stocks) do

Public utilities (28 stocks) _ . _ doRailroads (20 stocks) do

Banks, N. Y. C. (19 stocks) _ . _ doFire and marine insurance (18 stocks) do

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Market value mil. of dol..Shares 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, N. Y. S. E.:Market value, all listed shares mil. of dol__Number of shares listed millions

'5.444.6'5.4'3.8'5.4'6.6

3.76

74.459.49

168. 6733.3943.60

115. 2119.0108.0121. 4102.095.195.0

114.0

88940, 362

74528, 021

20, 616

63, 6461,814

'5.24.6

'5.13.5

'5.5'6.4

3.76

77.361. 26

173. 7633.9844.86

119.1124.1111.9126.4100.897.694.7

117.0

81335, 588

67723, 882

17, 483

66, 5481,829

'5.04.4

'4.9'3.6'5.5'5.9

3.72

80.365.32

183. 5135.6149.39

126.0131.7118.9134.6102.2108.297.3

120.5

1,06245, 845

90033, 259

25, 473

69, 3651,847

'5.24.4

'5.1'3.7'5.5'6.1

3.71

78.364.36

180.0835.5848.73

124.5130.2117.0132.4101.4105.298.0

116.1

72829, 662

62421, 600

14, 153*

68, 1841,862

'5.34.5

'5.2'3.7'5.6'6.2

3.72

77.563.39

176. 8235.2548.10

123.1128.4115.7130.5102.0103.697.5

114.0

72231,649

61121, 556

16, 017

67, 5221,870

'5.24.5

'5.2'3.6'5.6'6.2

3.86

78.763.93

181. 9235.4849.44

125.1131.1119.1132.8101.0104.296. 7

116.4

1,23055, 736

1,04340, 620

28, 635

68, 8841,879

'5.54.7

'5.5'3.6'6.0'6.3

4.01

75.863.98

181. 4234.1047.79

123.6130.3118.9131.197.2

100.194.8

117.3

81237, 277

68126, 326

16, 371

67, 0261,896

5.44.7

'5.43.5

'6.0'5.8

4.07

76.863.66

179. 1833.0449.46

122.4129.2117.5128.494.0

103.991.0

116.9

1, 17853, 160

1,003' 38, 688

27, 605

68, 3131,907

'5.64.6

'5.7'3.5'5.9'5.8

4.13

73.963. 78

176. 2633.0651.44

120.1126.0115.0125.195.1

106. 593.9

119.6

92440, 123

78528, 696

20, 218

66, 0901,923

'5.94.8

'6.0'3.6'6.0'6.1

4.18

70.560.91

168. 4731.9549.19

114.2119.2108. 9117.892.6

101.991.2

117.7

77734, 336

65924, 704

16, 801

83, 1581,928

'5.64.6

'5.6'3.4'6.0'5.9

4.12

75.561.75

169. 9432.2450.64

116.4121.8111.3118.993.0

105.292.5

119.5

89741, 447

75929, 774

22, 993

67, 7571,933

5.54.55.5

'3.3'5.9'5.6

4.12

78.066.03

180. 0533.7556.03

124.6130.8120.0125.696.2

115.294.2

125.4

1,43363,059

1,21945,304

34, 613

70, 2621,938

5.34.45.33.15.85.2

4.09

82.869.11

186. 3835. 1660.32

130.2137. 0125.1131.199.2

122.697.5

131.1

1,71777, 141

1,46857, 304

42, 769

74, 7041,962

FOREIGN TRADE

INDEXES

Exports of U. S. merchandise:Quantity}: 1923-25=100Value}: ___ _. _ _ doUnit value _ _ _ _ do

Imports for consumption:Quantity _ . _ _ doValue doUnit value do. __

Agricultural products, quantity:!Exports, domestic, total:

Unadjusted}: 1924-29—100Ad justed | do

Total, excluding cotton:Unadjusted}: _ _ _ _ doAdjusted}: do

Imports for consumption:Unadjusted . _ _ _ d oAdjusted do

SHIPPING WEIGHT*Exports, including reexports . _ mil. oflbGeneral imports . _ .do

VALUE.Exports, total, including reexports}: mil. of dol_.

Commercial* doForeign aid and relief* do. .

By geographic regions:Africa _ thous. of dolAsia and Oceania J doEurope J - d oNorthern North America doSouthern North America do...South America _ _ _ do

Total exports by leading countries:Europe:

France . _ _ . . . . _ d oGermany}: do_Italyt . doUnion of Soviet Socialist Republics (Russia)

thous. of dol. .United Kingdom ..do

312400128

122143118

115139

288212

102105

26,50910, 317

1,5031, 354

146

' 86, 780256, 074565, 180

' 210,091'148,697' 238, 804

' 88, 11657, 29148, 146

27, 11694, 497

274351128

124147119

111145

173205

93100

24, 93810, 103

1,3201,195

125

74, 829253, 317481, 143191,551126, 988193, 251

75, 10252, 17751, 758

7,14099, 804

262337129

118139118

98127

178220

8493

22, 74511, 264

1,2651,121

143

65, 751240, 882470, 952170, 456130, 155187, 557

65, 09671, 84127, 203

15,74295, 232

255337132

108127118

9894

184170

7480

27, 41810, 530

1,2651,111

153

70, 434227, 822470, 735174, 909126,057197, 148

56, 84158, 35931 457

4,05195, 705

242315130

126148118

9882

172143

9398

23, 6929,799

1,1851.068

117

65, 763191, 747448, 436176, 795

' 124, 762176, 736

64 54544, 98538 445

3,03289, 789

263346131

136158117

10580

183144

101102

23, 4329,978

1,3031,198

105

76 702217, 647446 833202, 776164, 096195, 824

58 24844 85836 812

9,15894, 513

237315133

118141120

9781

163143

8996

20,5649,258

1,1851,095

90

72 184209, 155404 312180 983149,793179 001

57 78034 33740 774

10, 38462, 704

229312136

143176124

9984

159140

114118

14, 72810, 101

1,1721,046

126

57 831225 646403 345151 105161, 485

' 197 889

59 55643 96333 199

15, 42358, 373

' 212290

'136

140175

'124

8687

134142

123115

12, 9848,868

1,091925165

68 967187, 734400, 861138, 356118, 606176, 156

70 85962 01535 711

7,47972, 397

'208289

'139

141180128

85104

139175

111107

' 11, 900' 9, 348

1,086920166

62 374195, 429398 660141, 514113,418174, 884

57 19561 20940 165

5,17560, 127

'223304

'136

154200

'130

91'103

143'162

124109

11, 47711, 281

1,141943197

66, 150190, 621409 202151, 286126, 105197, 977

64,46791 53741 212

8,16151. 704

219298136

126164130

80101

133163

8680

' 1, 123'936'187

78 633201 102374 356150 817127 878188 945

59 38788 64145 730

3,98143. 604

293

170

1, 103921182

r Revised, f Revisions prior to Ma> 1947 for public utilities and railroads and minor revisions for other series will be published later.tThe indexes for exports of agricultural products and the other indicated export series were revised in the May 1948 and the April 1948 issue, respectively, to include civilian supply ship-

ments (see explanation in note marked "§"); revised figures for January or January and February 1947 are given in notes in the indicated issues.§The publication of practically all series on foreign trade included in the 1942 Supplement but suspended during the war was resumed in May 1946 Survey. Revised 1941 figures for total

exports of U. S. merchandise and total imports are shown on p. 22 of the June 1944 Survey; revised figures for 1942-43 for the totals and revised figures for 1941 and later data through February1945 for other series will be shown later. Export statistics cover all merchandise shipped from the U. S. customs area, with the exception of shipments to the Armed Forces for their own use,including commercial trade, lend-lease exports, shipments to U. S. agencies abroad (since June 1945), and relief shipments. Figures published in the March 1948 Survey and earlier issues ex-clude all shipments to the U. S. Armed Forces and therefore exclude goods that reached foreign civilians through them; data for such shipments of civilian goods, with the exception of ship-ments of petroleum and petroleum products other than asphalt for road building, are now available beginning January 1947 and are included in figures shown in this issue.

*New series. See note in March 1948 Survey for explanation of series on shipping weight. Commercial exports represent total exports less lend-lease exports and shipments designatedforeign aid and relief"; the latter includes shipments under the U. S. Foreign Aid, Interim Aid, Greek-Turkish Aid, Economic Cooperation Administration, and UNRRA programs and

Army civilian supply shipments (see note marked "§"). Commercial exports therefore include private relief shipments as well as commercial trade and shipments to U. S. Government agen-cies abroad. Small amounts under the lend lease program, which was practically completed in 1947. are included in total exports but not shown separatelv; separate figures are available,however, in the March 1948 and earlier issues.




1947


berDecem-

ber

1948

Janu-ary


FOREIGN TRADE—Continued

VALXJE§— Continued

Total exports by leading countries — ContinuedNorth and South America:

Canada thous. of dolLatin American Republics, total . _ _ do

Argentina doBrazil ._ _ . do...Chile doColombia* _ _ _ _ _ _ _ d oCuba doMexico _ _ _ doVenezuela* do _

Other regions:Australia (incl. New Guinea)-. doBritish Malaya doChina _ _ do_ _Egypt doIndia and Pakistan _ _ _ _ do__Japant _ _ doNetherlands Indies doRepublic of the Philippines doUnion of South Africa _ _ do_

Exports of IT. S. merchandise, totalt___inil . of dol__By economic classes:

Crude materials:]: _ _ thons. of dolCrude foodstuffs^ doManufactured foodstuffs and beveragest__do_Semimanufactures^ doFinished manufactures:!:. ,. . do

By principal commodities:Agricultural products, total $.. do

Cotton unmanufactured t _ _ _ _ doFruits, vegetables and preparations? doGrains and preparations J _ _ do_Packing house products! do

Nonagricultural products, total} - _ _ _ do_Automobiles, parts and accessories doChemicals and related products^ _ _ _.do_Copper and manufactures doIron and steel and their products ._ _ doMachinervJ do

Agricultural doElectricalt- _ do.Metal working doOther industrial . _ _ do_ _

Petroleum and products} doGeneral imports, total mil. of dol. _

By geographic regions:Africa thous. of dolAsia and Oceania doEurope doNorthern North America. __doSouthern North America _ _ _ _ _ do__South America do

By leading countries:Europe:

France _. _ _ _ doGermany do__Italy. _ _ _ doUnion of Soviet Socialist Eepublics. . do.United Kingdom do

North and South America:Canada doLatin American Republics, total _ _ _ do_

Argentina doBrazil doChile doColombia* doCuba . doMexico _ _ _ do.Venezuela* do

Other regions:Australia (incl. New Guinea) doBritish Malaya doChina do.Egypt__ doIndia and Pakistan doJapan doNetherlands Indies _.. _ doRepublic of the Philippines doUnion of South Africa do_.

Imports for consumption, total _ _ _ mil. of dolBy economic classes:

Crude materials ._ _ _ thous. of dolCrude foodstuffs _ do.Manufactured foodstuffs and beverages. _do_.Semimanufactures _ doFinished manufactures. __ do.

By principal commodities:Agricultural, total _ do

Coffee—. do.Hides and skins doRubber, crude, including guayule doSilk, unmanufactured do__Sugar doWool and mohair, unmanufactured do

r 203, 440r 369, 453

r 71, 422r 68, 532

12, 38723, 46742, 725' 56, 919

39, 095

24, 4587,145

r 41, 3596,765

41, 16036, 89416, 81433, 06641, 763'1,489

145,423121,746

r 174, 693174,064

r 873, 350

r 361, 37141, 13426,401

r 189, 83334, 805

1,127,846r 114,909

84, 1917,111

r 79, 158r 246, 220

31,00855, 726' 20, 903

r 124, 44259, 863

474

19, 795120, 830r 58, 436' 88, 086

86, 026100, 701

3, 856766

2,6734,466

16, 824

r 85, 341r 176, 361

18, 83926, 76314, 12014, 47744, 58617, 46613, 134

15, 20643, 21211,917

95413, 234

8042,584

17,8968, 207M56

160, 06661, 18553, 962

103, 49476, 740

r 233, 13132, 020r 7, 27147, 837

5734,31120, 893

187, 004305, 552

57, 77850, 05011, 32217, 13341,56046, 88135, 430

20, 6685,205

55, 5386,473

55, 81528, 1629,302

29, 31036, 4381,307

154,06793, 585

169,150162,282727, 752

342, 42750, 06019,018

164, 29124, 285

864, 40990, 13273, 1048,673

70, 680194, 46527,61548, 18415, 36594, 11559, 234

463

24, 219100, 69669, 34196, 63893, 83678, 236

3,287196

2,95310, 47519, 044

92, 644164, 89315, 31316,95211,16012, 78550, 84821, 58212, 764

12,05823, 66213, 7273,961

22, 9591,1191,100

14, 1785,145

470

159, 57755, 60360, 257

112, 06381, 839

222, 63525, 0646,934

30, 2816

42, 59517,762

166, 048302, 96153, 68750,12710, 48717, 37432, 74051, 39934, 947

26, 3647,790

39, 3495,284

28,16645, 0808,103

30, 09434, 6981,253

102, 604103,935178,408156,973710,034

320, 38113,16525, 849

174,26418, 801

932, 57389, 48576, 9157, 453

66, 906201,33126,16349, 48917,90998, 05563, 976

450

14, 79995, 75171, 73090, 54791,85384, 927

3,411365

2,0749,956

18, 624

86, 762168, 32110,69131,15410, 8889, 917

53, 70618, 30913, 289

7,07923, 9517,5561,032

29, 1574,739

7398,5035,603

445

133, 40255, 12962, 883

103, 53389, 899

192, 01331, 7278,993

23, 2633,267

42, 81115,529

170, 520309, 065

74, 42845, 29410, 58414, 19033, 24944,71331, 364

23, 8225,619

19, 6785,383

24, 53656, 2246,236

32, 68936, 789

1,254

120,736138,039139, 553170,139685, 806

308, 5965,714

22,006178,62820, 754

945,677101, 078

76, 60411,21067.311

182, 82028, 47443, 50013, 76986, 32657, 284

400

24, 40256, 79864, 12688, 61678, 83987, 538

2,807688

2,1882,508

17, 128

84, 866158,670

5, 81728, 22911, 60213, 75945, 13316, 74914,016

5,34114,2123,0332, 637

13,7592,4793,1069, 0557,114

405

112, 94660, 58655, 678

102, 69272, 829

168, 43934, 8564,428

17,113701

37, 38612, 317

172, 644288, 10064, 99040, 2588,519

12,27535, 07342, 70233, 872

19, 7525, 733

12, 0856,397

29, 10033, 7634,831

35, 90529, 91 11,175

128,471105,188138,100150,667652, 283

r 290, 20818, 22725, 975

146,10825,459

884, 49290, 85967, 28610,07966. 851

175, 76826, 23442, 78413,33382, 37853, 232

473

43, 85077, 87976, 796

101, 12177, 409

103, 370

3,408484

3,04013,99415,684

97,317174, 375

7,23946, 7059,076

14, 69432, 44929, 22615, 657

5,78116,4075,390

13, 39324, 8111,4441,365

10, 03815, 703

473

142, 93585, 48349, 863

103, 63491, 088

201, 07157, 1724 367

14, 924139

26, 63215, 024

198, 557342, 698

59, 45152, 82211, 60517, 93448, 45052, 89937, 055

21,3145,993

11,9473,935

31, 73232, 7555,478

41 , 53535, 828

1,286

140,387103,710148,997156,092736, 853

308, 869r 21, 924

29, 233144,43319,185

977, 07098, 42673, 92111,03675, 662

209, 64829, 35851,62415,760

100, 01455, 576

492

24, 24288, 41278, 847

108, 48571,482

120,051

3,493635

4,9587,835

18, 426

105,305183,44811,45346, 71811, 24323, 32037, 62619, 29214, 596

3,67415, 7896,6341 , 835

21, 5684,0493,474

12, 59312, 739

505

149, 33191,50158, 237

110,47695, 212

227 05759, 8186,152

16, 190555

29, 55916, 323

176, 158313, 490

58, 02645, 5256,818

18, 29751, 38350, 67234, 515

19, 8695, 742

15, 6944,718

26, 07638, 6608,728

40, 14234,2191,173

122,910102,186126, 382145,412676, 453

283,07524, 525?7, 074

135,43320, 588

888, 485r 83, 163

69, 48112, 58972, 224

204, 88227, 55649, 12315,67899, 53951,324

455

26, 17992, 76266, 97594, 31971,417

103, 247

4,515971

3,9975,101

15, 470

91, 802165, 65312, 72439, 55310, 48317 61536, 88715, 73212, 854

9,35715, 8048,434

10618, 7842, 5241,572

15, 13015, 003

449

134, 10283, 33751, 820

100, 50279, 271

r 204, 69149, 3498 696

18, 006276

28, 17815, 702

146 008345, 225

59, 43356, 2219,873

20, 57945, 93360, 26740, 233

21, 3736,925

18, 7613,514

32, 13346, 771

5 85640, 63032, 7541,164

125, 494118 375100,350135,802683, 446

290, 05837, 46722, 381

' 137, 566T 13, 703873, 489

T 86, 32170, 79911,48775, 473

215, 55329, 37347, 83416,615

109, 02852, 331

603

49, 734120,01778, 771

121, 30993, 376

137, 341

3,0531,0786,4035,027

18, 563

117 295220, 08517 21248 62814 08023 76142 70823, 83218 552

11,53324 81414, 166

19521 2704 4422,345

20, 64117, 680

562

156 474125, 74860, 865

131 57687, 735

271 89669 72912 39025, 7391,098

38 36811, 107

136 736280, 73451 06545 8368,028

19, 09933 78944, 01735 340

14, 2036 733

17, 9492 439

r29 35430, 2396 907

42 63238, 273

1,081

112 20999 125

118 126130 324620 724

281 75942 63320, 512

147 40019 383

798 78676 49763 02011 18467 058

201 53928 60642 82113 352

103 67347 277

546

96 523124 14979 149

105 83960 230

149 901

4 8631 2086 0365 547

21 863

101 467200 286

Ql 67442 90612 67K

07 79412 09819 57318 822

4 83532 5046 4781 797

r 22 9152 9582 717

21 8839 608

557

197 738108* 03234, 902

121 34794, 770

272 55368, 65620 79331, 827

1436,090

39, 259

139 200270,61548 24945, 684

5 90920, 43837 01736, 79338 397

9,7067 962

21,8913 058

r 18, 00637, 888

5 53643, 58436, 698

1,076

108, 631118, 742100, 983120, 843626, 489

281 , 19533, 62028,424

141, 75514,429

794, 48072, 15766, 27510, 38461,026

198, 45228, 56646,15914, 99096, 00644, 164

582

45, 513122, 00285,649

101, 55293, 771

133, 529

4,6422,7055,7211,953

20, 184

99, 895212, 73117, 65844, 16517, 14218 13534 68125, 32019, 986

11,13320, 30412, 2992,486

r 27, 3834 3853,255

18, 91211,836

574

177 453115, 91455, 917

133, 77290, 619

277 34862 32412 59222, 459

27630 79630, 597

148,768306, 28748, 87963, 144

5,66220, 69439, 32545, 65540, 807

9,2016,888

23,4862,862

' 18, 46324, 1086 265

41, 54036, 6261,131

108, 36996 744

132, 442129 986663, 026

295, 98045, 88635, 063

127, 64021, 925

834, 58783,81972, 4959,188

63, 708214, 17433, 00348, 98715, 980

104, 17349, 441

666

44, 454139, 02998, 967

128,911114, 962139, 898

6,4851,7348,4147,045

25, 578

126 734237, 254

19 72340 69217, 87417 44247 19527, 20426 880

24, 39323 00410, 5941 980

T 22 7154 6434 906

23^ 99012 983

639

195 293121 98370, 129

140 922110, 164

310 20863 43510 58729, 6391 863

39 81334! 803

148, 416298, 84845, 31246, 1547,028

21, 91340, 20747, 13246, 493

6,44611, 17731, 3643, 455

32, 76211, 7978,308

41, 85149, 593r 1, 113

86, 37189, 745

128, 697122, 428684, 134

274, 60131, 28227, 754

132, 8779,235

836, 77590, 01270, 93513, 98257, 821

216, 28637, 82450, 12814, 437

101, 77258, 845

527

29, 279111, 79580, 747

114,51188, 233

102, 617

4,8541,3589,1356,766

23, 873

112, 953176, 88812, 46430 85215, 6978 694

33 76324, 21623, 344

7,28116 6847,775

46435 5074 0193,511

16, 9429,440

525

153 03984, 75856, 028

121, 298109, 567

224 05439 5318 110

16, 405828

25 52524, 612

1,092

549

544

r Revised.§See note marked "§" on p. S-20.*New series. Data beginning March 1945 are in the May 1946 Surve{Revised in the April 1948 survey to include Army civilian supply s

7', earlier data will be published later,lipments (see note marked "§" on p. S-20).




1947

May June July August Septem-ber

Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


FOREIGN TRADE—Continued

VALUE§— Continued

Imports for consumption— Continued.By principal commodities:

Nonagricultural, total _ thous. of dol__Furs and manufactures do_ „_Nonferrous ores and metals, total do

Copper, including ore and manufactures:thous. of dol._

Tin, including ore _ . _ _ _ do__.-Paper base stocks doNewsprint do „_Petroleum and products _ _ do

' 222, 7029,187

35, 789

16, 571853

•• 20, 85628, 66721, 879

246, 91714, 45044, 312

21, 8181,272

29,95830, 42318, 543

252, 50811,94740, 988

15, 6267,435

30, 77330, 98820, 475

236, 2325,576

45, 133

17, 3699,109

36, 55727, 74719, 284

272, 68018, 75645, 121

16,84713, 91325, 19132, 60119, 708

277, 73511,56642, 116

18, 2297,550

27, 05531,93320, 191

243, 8819,408

35, 753

15, 1105,224

25, 39628, 2672], 899

290, 46912, 00151, 618

21, 0919,927

27, 35434, 72128, 743

284, 20116, 79138, 444

12, 4259,335

25, 30529, 37529, 398

296, 32618 35547, 138

19, 1295 692

30, 97827, 48330, 371

328, 28311, 99649, 646

19, 0277,613

28, 87337, 36737, 277

300, 6369,600

44, 653

15, 3768,452

22, 34732, 80132, 341

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Airlines

Operations on scheduled air lines:!Miles flown revenue thous. of milesExpress and freight carried thous of IbExpress and freight ton-miles flown__ thousands. _Passengers carried (revenue) _ doPassenger -miles flown (revenue) do

Express Operations

Operating revenue thous of dolOperating income do

Local Transit LinesFares, average, cash rate centsPassengers carried f _ _ _ _ millionsOperating revenues!- thous. of dol_.

Class I Steam RailwaysFreight carloadings (A. A. R.):<8>

Total cars thousandsCoal _ doCoke doForest products _ doGrains and grain products doLivestock _ _ doMerchandise, 1. c. 1 doOre. _ _ doMiscellaneous do

Freight carloadings (Federal Reserve indexes):Combined index, unadjusted 1935-39=100

Coal. doCoke _ doForest products doGrains and grain products __ _ . doLivestock doMerchandise, 1. c. 1 _ _ _ doOre doMiscellaneous . _ do

Combined index, adjusted!-.. doCoalt doCokef doForest products- _ _ _ _ _ doGrains and grain products! doLivestockf doMerchandise, 1. c. 1 . doOref- _ doMiscellaneous! do

Freight-car surplus and shortage, daily average:Car surplus! - -- number

Box cars doCoal cars do_ _

Car shortage* _ _ _ doBox cars doCoal cars do

Financial operations (unadjusted):Operating revenues, total thous. of dol

Freight do_Passenger do

Operating expenses doTax accruals, joint facility and equipment rents

thous. of doL.Net railway operating income doNet incomej: do

Financial operations, adjusted:!Operating revenues, total— mil. of dol__

Freight doPassenger do_

Railway expenses doNet railway operating income. _ _ _ _ _ doNet income do

Operating results:Freight carried 1 mile mil. of tons-Revenue per ton-mile __cents__Passengers carried 1 mile__ millions..

26, 99415, 6104,4151,151

556, 589

25, 08264

8. 0580' 1, 591

120, 100

4,376922

7223321366

593369

1,909

1441551831541219476

26714614215518514813810476

184145

5,2432,029

2714, 7794,292

10, 247

' 725, 388r 591, 923

r 77, 350T 557, 618

r 90, 951' 76, 818

46, 360

698.0565.378.2

633.264.832.1

r 60, 0141.0553,729

26, 86615, 7224,2951,065

538, 377

24, 39847

8.0774' 1, 464112, 100

3,54370854

18820049

464324

1,555

1421411701511438773

28614613714117314514010774

184142

11, 3335,9041,390

14, 9695,1279,357

696, 909556, 88984, 787

550, 057

86, 65160, 20138, 402

731.0593.481.9

649.281.848.9

56, 6461.0434,096

28, 57215, 2694,2331,100

533, 706

24, 429df>2

8. 1051'1,451

111,400

3,27649549

17827546

429343

1,461

1401151651532028771

31114513411517015216810771

194143

30, 651613

25, 87415, 6979,5925,331

705, 361557, 88193, 642

555, 362

89, 04160,95837, 025

682. 7543.585.9

634.548.217.6

54, 6641.0944,413

28, 88316, 9734,7491,253

600, 262

24, 40647

8. 1134' 1, 429

111,300

4,560886

70248317

62577407

1,992

1481461771601758773

2841501431461841521629273

190149

2,391175127

31,76616, 33614, 566

745, 258596, 59294, 001

565,606

98, 82780, 82551, 343

719.4581.283.8

655.464.031.0

61, 6501.0294,481

27, 51519, 9495,8371,235

599, 683

26, 66817

8. 1854r 1, 472

113, 300

3,600713

5419121074

467299

1,592

15315317816115313977

27215714215318014913710573

181H5

1,322238

034, 44317. 16515, 165

726, 550593, 08980, 369

588, 591

89, 97947, 97920, 147

716.3583.480.7

680.535.83.6

59, 4061.0573,855

28, 37328, 4148,2031,195

569, 885

26, 18363

8. 2104r 1, 570

121, 200

3 80875860

19121691

491274

1,728

15615618815515216178

23516314615619214715210475

163149

942132

040, 10320, 81915, 275

794, 165664, 64875, 009

611, 872

105, 86076, 43348, 904

739.1611.776.7

696.342.89.4

64, 5921.0893,450

24, 28023, 1496,690

904427, 686

27, 790119

8. 3073' 1, 478115, 600

4,424934

7422224593

588238

2,030

15016019514714213377

16315814716019515014510575

163151

2,5057510

27, 86516, 63110, 277

755, 324625, 24173, 661

595, 315

94, 43265, 57743, 358

786.0653.477.0

707.678.446.9

59, 6561.1143,342

24, 59928, 2237,993

853432, 548

32, 07575

8. 3406' 1, 584

127,000

3,16471460

16817750

43266

1,495

139155201141130927160

1471491551911581389674

192156

5,886712172

12, 1465,6436,072

807, 428627, 81689, 461

631, 150

96, 25580, 02360, 212

805.7636.987.8

722.583.249.8

57, 3321.1593,948

23, 62423, 5086,850

752393, 637

26, 57573

8. 4043r 1, 537

120, 100

3 82491675

20522555

49963

1,787

133155192137132816545

1391451551831531328468

180152

12,0133,600

9838,7472,8885,471

750, 735613, 36180, 897

615, 856

93, 58241, 29718, 707

766.6624.184.7

707 059.627 8

55 1251.1973,654

20, 97821 1636,199

694349, 934

25 91078

8. 4652r 1, 438

111, 100

3 07873060

16614434

43456

1,454

129150188135101616949

1371391501781401037671

195146

6, 6571,817

18413, 0304,9227,588

715, 891589, 89472, 065

586, 356

90, 11039, 42517, 798

781.1644 277 4

710 570 6

r38 7

53 5791 1763.198

24, 84925, 5857,817

881431, 156

26 3555

8 5234r 1, 581

121, 800

2 95451053

18114135

46164

1 509

12298

163146100627357

14213098

1621461097972

195150

35,2442,585

27, 9387,7832,9744,380

776, 616642, 34674, 398

618, 759

97, 13260, 72435, 447

760.8623 375.5

705 455 4

r22 2

52 4661 3003.271

25, 71024, 8447,4461,017

473, 950

25, 318131

8. 5816r 1, 491

119, 500

2,98440840

17315349

447204

1,510

1281051341411089470

21214313010513714112310570

••213145

104, 1703,459

95, 1062,3301,0791,097

728, 969601, 37669, 490

585, 625

90,23953, 10426, 916

726.1593 672 1

684 441 78 5

49 9021 2843.043

8. 60931,487

4 40499272

22420063

544395

1,913

1431631831451138669

"277144141163'851391299669

213143

14, 5155,824

1092,656

2272,320

796, 403666, 98471 786

616, 231

89,99390, 178

60 250

T Revised. * Deficit. ® Data for May, August, and November 1947 and January and May 1948 are for 5 weeks; other months, 4 weeks.§ Data continue series published in the 1942 Supplement; data for December 1941-February 1945 will be pulished later. % Revised data for April 1947, $35,692,000.*New series. For comparable data beginning 1943 for total car shortage and surplus and an explanation of a change in the latter series, see p. S-21 of December 1944 Survey.! Revised series. See note in the July 1947 Survey for explanation of revisions in the data for air lines; revised data prior to May 1946 will be published later. Data for local transit lines

revenues beginning in the April 1944 Survey and passengers carried beginning in the May 1945 issue are estimated totals for all transit lines; revised data beginning 1936 will be published later.Revisions for passengers carried not shown above: January-March 1946- -1,613; 1,483; 1,674; January-April 1947—1,609; 1,469; 1,595; 1,575. See note marked "*" regarding car surpluses. Re-visions for 1939-July 1942 for the indicated indexes of carloadings and revisions for January 1937-February 1943 for the adjusted series for financial operations are available on request.


July 1948 SUEVEY OF CURKENT BUSINESS S-23

Unless other-wise stated, statistics through1941 and descriptive notes may be foundin the 1942 Supplement to the Survey

1947


berDecem-

ber

1948

Janu-ary


TRANSPORTATION AND COMMUNICATIONS—Continued

TR AN SPORTATION — Continued

Waterway Traffic

Clearances, vessels in foreign trade: §Total, U. S. ports _ _ _ thous. net tons__

Foreign doUnited States do

TravelHotels:

Average sale per occupied room dollars.Rooms occupied percent of total..Restaurant sales index, avg. same mo. 1929 =1 00. .

Foreign travel:TJ S citizens, arrivals _ _ _ .number _ _U S citi/ens departures doEmigrants - doImmigrants do —Passports issued do

National parks visitors thousands-Pullman Co.:

Revenue passenger-miles .millions. _Passenger revenues thous. of dol__

COMMUNICATIONS

Telephone carriers: 1Operating revenues . thous. of dol_.

Station revenues do ._Tolls message - - . do __

Operatin0" expenses doNet operating income _. do. _Phones in service, end of month .thousands..

Telegraph and cable carriers :%Operating revenues, total -. .thous. of dol__

Telegraph carriers, total - doWestern Union Telegraph Co., revenues from

cable operations thous. of dol__Cable carriers do

Operating expenses ... __doNet operating revenues doNet income trans, to earned surplus ... do. __

Radiotelegraph carriers, operating revenues. .do

9,6464,3675,278

4.4692

244

35, 87345, 2581,833

14, 03220, 962

442

1,0618,018

184, 948106,81861, 629

154, 40011, 49730, 057

20, 74019, 399

6111,341

16, 3872,1401,0621,637

8,7253,9804,746

4.7593

248

39, 98745, 3201,804

14, 73321, 831

902

1,2159,193

205, 193113, 37175, 477

165, 55117, 91430, 292

18, 98117, 662

5741,320

15, 3471,5411,3351,617

8,9533,9455,008

4.7087

225

48, 147« 48, 137

15, 64419, 6111,467

1,1398,558

209, 134114, 56777, 993

175, 55313, 23930, 553

18, 44917,019

5991,430

16, 01029141

1,609

9,9914,6975,294

5.1693

246

56, 855a 39, 577

13, 43315, 2771,502

1,1668,712

210, 070114. 83678, 063

172, 00616, 30530, 794

18, 12216, 786

6391,336

15, 366682332

1,742

9,1964,2724,924

5.0792

238

60, 324« 34, 112

13, 85312, 182

652

1,1048,374

213, 422118, 13477, 929

175, 07916, 89031,058

18, 36617, 029

6591,337

15, 376928700

1,759

9,1534,4514,703

5.1493

226

46, 492« 32, 168

14, 88013, 402

308

1,0288,924

222, 090121, 96982, 528

179, 94119, 20231, 421

18, 72517, 366

7031,359

15, 5001,117

6271,889

7,9053,6334,273

5.2887

234

36, 074a 25, 099

15, 61810, 456

131

1,0008,737

217, 513121,59678, 132

172, 92720, 81831, 721

16, 58015, 266

6161,315

15, 146*6S6d4741,695

6,5352,8203,715

4.9178

202

37, 4110 31, 743

14, 87911, 786

89

1,0209,762

230, 620127, 13285, 189

184, 80722, 01032, 094

18, 73417, 190

7621,544

15, 5851,216

d 7, 4862,008

6,4002,7743,625

5.0686

227

38, 3800 36, 317

14, 833102

1,20210, 610

229, 797129, 80981, 821

182, 11621, 61132, 385

16, 96515, 813

6221,151

15, 097*25245751,854

6,4462,8153,631

5.0388

211

46, 695« 42, 469

17, 915120

1,0489,328

225, 584128, 44078, 490

174, 36423, 95632, 628

15, 71214, 690

6071,022

13, 827d%05A 5861,760

7,0022.9984,005

4.8189

206

47, 587« 44, 295

26, 883139

1,0459,364

237, 939132, 12487, 003

187, 25223, 80032, 934

17, 94016, 717

6631,222

15, 103799

, 3, 5451,817

5.3589

245

41, 823« 40, 260

25, 110173

9758,676

4.9189

246

37, 517

27, 304378

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:*Ammonia, synthetic anhydrous (commercial) cT

short tons__Calcium arsenate (commercial) thous. of lb_-Calcium carbide (100% CaC2) short tonsCarbon dioxide, liquid, gas and solid <?

thous. of lb_.Chlorine* . __ _ _ short tonsHydrochloric acid (100% HC1) • doLead arsenate thous of IbNitric acid (100% HNOs)cf short tonsOxygen mil. cu ftPhosphoric acid (50% HjPOi) short tons__Soda ash, ammonia-soda process (98-100% Naz

COs) short tonsSodium 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 tonsSulphuric acid (100% H2SO4):

Price, wholesale, 66°, tanks, at works§dol. per short ton__

Production • _ short tonsOrganic chemicals:

Acetic acid (syn. and natural), production*thous. of lb_.

Acetic anhydride, production*. do _Acetyl salicylic acid (aspirin), production*. doAlcohol, denatured :§

Consumption (withdrawals) _thous. of wine gal__Production doStocks do

Alcohol, ethyl: §Production _ thous. of proof galStocks total do

In industrial alcohol bonded warehouses, .doIn denaturing plants. do

Withdrawn for denaturing doWithdrawn tax -paid _ _ _ _ _ d o

Creosote oil, production* -thous. of gal_.Cresylic acid, refined, production*. _ thous. of lb_.Ethyl acetate (85%) production* do

97, 1075,492

56, 286

96, 487f 123, 736' 36, 966

T 3, 694r 101,656

1,18882, 372

396, 2827,474

r 183, 449

39, 726r 74, 502

16.50r 892, 691

33, 87654, 2491,053

14, 09513, 9261,531

27, 98229, 25827, 4521,807

25, 7432,170

13, 4542,1966,088

91, 681r 8, 85948, 136

96, 700' 124, 067

r 33, 196r i , 436

r 97, 1491,089

89, 492

374, 0837,426

r 181, 200

32, 814

'69,432

16.50' 856, 129

31, 72941, 4331,155

13, 68714, 1501,981

23, 79327, 01625, 3231,694

26, 0652,377

12, 7791,9096,826

r 96, 768r 10, 645

53, 388

110, 228' 121, 336

r 33, 654447

' 95, 9211,066

86, 920

377, 9767,331

' 181, 793

' 37, 126

64, 996

16.50r 851, 598

35, 89753, 627

998

15, 06114 6051,529

26, 83327, 76425, 6992,065

27, 3592,768

11, 5812,3295,822

r 93, 4615,064

50, 827

107, 712r 125, 992' 34, 733

(i)r 95, 154

1,10588, 083

363, 8907,219

r 181, 720r 35, 472

65, 942

16.50' 864, 092

35, 36553, 4781,126

16, 42616 4691,560

29,22628, 63726, 9281,709

30, 3032,696

11, 9882,3575,899

' 88, 1203,107

47 177

102, 410r 124 178

r 33, 541(i)

r 94 5641 093

87, 249

359, 0047,350

r 177, 012

«• 36, 329

65, 414

16.50r 856, 783

28, 60650, 3081,083

18, 71818 6101 447

29, 90624 40922, 8941,514

34, 1013,201

13, 4071,6976,785

r 95, 8262,272

48 336r 80, 016

r 127 245r 36, 461

(i)r 99 318

1 31499,213

395, 6098 413

T 186, 254r 43, 724

70, 293

16.50r 897, 297

29, 56055 0711,092

21, 82021 7441 354

39 01226 63425, 938

69738, 5264,275

13, 9092,4037,181

' 92, 1852,709

48 462

61, 368r 124 634

r 37, 6090)

r 101 5581 212

89, 353

379 8217 527

r 181 ' 298

45, 233

71, 245

16.50r 884 365

30, 43955 3471,016

19, 02618 620

943

28 47222 78722, 170

61833, 9814,630

12, 5732,0567,132

r 97, 7732,190

55 343

57, 996r 128 797

r38 149(0

r 104 0961 251

90, 412

389 6567 983

r 182 806r 40 061

73, 846

16.13r967 235

31, 16357 507

615

16, 93717 7101 719

26, 62122 37321, 783

69132, 8394,090

14, 2632,0948,651

95, 4052, 003

58 091

57, 125123 31939? 0893 229

103 8341 271

95, 331

383 4817 664

182 778

37 529

70, 456

15. 00932 933

34, 18962 700

979

12, 43612 5761 850

17 40221 24820, 738

51023, 1032,580

12, 8351,9695,261

90, 5502,433

55 006

59, 304116 14333' 9403 697

100 5461 2S8

90, 601

360 4377 106

173 693

44 090

64, 182

15.00893 440

32, 624'58 184

985

11, 25011 0511 653

20 95193 88622, 6541 232

21, 1512,678

11, 9251,6175,712

100, 1423,379

61 489

70, 590132 66836 5793 654

101 0411 361

105, 097

404 5257 971

198 658

54 702

69 688

15.00956 957

' 34, 60564 8491,054

13, 05313 0161 613

29 26629 79929, 404

39523, 2133 237

r 12, 1792,2875,850

92, 6403,910

57 649

83, 260126 99236 3063 814

94 9041 362

T 97, 510

357 7528 184

186 300r 38 773

70 928

15.00r 904 562

33, 24460 1031,061

13, 20813 3121 712

27 41331 60131, 032

56924, 8992 846

12, 8841, 5805,422

82, 4083, 483

59 009

96, 217130 92638 3493 127

86 4901 370

99, 045

360 1107 962

186 265

33 588

73 510

15.00931 788

14, 20712 9641 245

29 85234 87434, 353

52125, 8064 073

r Revised. d Deficit. IData relate to continental United States. i Not available for publication.« Excludes departures via Canadian and Mexican borders; these usually average from 500-600 monthly.{Compiled on a new basis beginning 1943; see April 1944 Survey for 1943 data and reference to revised 1942 data. Total operating revenues of telegraph carriers includes and operating revenue

of cable carriers excludes cable operations of Western Union; the latter data were revised in May 1947 Survey (see note in that issue).d"Data for carbon dioxide and soaium silicate were revised in the March and the September 1945 Survey, respectively (see notes in those issues) See note in February 1947 Survey with re-,

gard to additional plants included in the data for nitric acid and ammonia; 1947 revisions not shown above: Ammonia—January, 89,762; nitiric acid, January-April, 100,308; 95,906; 103,113; 101,317.§The indicated, series, except series for alcohol stocks in denaturing plants (available only beginning 1942), continue data in the 1942 Supplement; unpublished data beginning 1941 or 1942

through February 1945 for ethyl alcohol and vessel clearances and for June 1944-July 1946 for prices of sulfuric acid will be shown later.*New series. See note marked "*" on p. S-23 of the September 1947 Survey for reference to data prior to 1943 for a number of the chemical series and information regarding revisions that

have not been published.• January-April 1947 revisions not shown above: Chlorine—112,041; 103,348; 119,057; 112,434; hydrochloric—35,158; 33,979; 37,007; 34,652; sulfuric—882,990; 830,824; 920,816; 870,121; sodium

hydroxide—173,614; 157,149; 179,323; 168,624; sodium sulfate—66,304; 63,244; 70,092; 69,984.


S-24 SUKVEY OF CURRENT BUSINESS July 1948


1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


CHEMICALS AND ALLIED PRODUCTS—Continued

CHEMICALS—Continued

Organic chemicals— Continued.Glycerin, refined (100% basis):*

High gravity and yellow distilled:Consumption thous. of lb_-Production _ . _ _ _.doStocks do

Chemically pure:Consumption do _Production doStocks do

Methancl, production :d*Crude (80%) - thous. of gal__Svnthetic (100%) do

Phthalic anhydride, production* thous. of lb__

FERTILIZERS

Consumption, total* ._ . thous. of short tons. _Midwest States* doSouthern States© _ do_ _ _

Exports total§ long tonsNitrogen ous§ doPhosphate materials§ doPrepared fertilizers§ do

Import5? total § doNitrosrenous total§ do

Nitrate of soda§ doPhosphates! - - - doPotash § do

Price, wtiofesale, nitrate of soda, crude, f. o. b. cars,port warehouses© dol. per 100 Ib

Potash deliveries short tonsSuperphosphate (bulk):f

Production doStocks end of month _ _ _ ..... do

NAVAL STORES

Rosin (gum and wood):Price, gum, wholesale "H" (Sav.), bulk

dol. per 100 lb_.Production* drums (520 Ib )Stocks* do

Turpentine (gum and wood) :Price, gum, wholesale (Savannah)t--dol. per gal_.Production* bbl (50 gal )Stocks* do

MISCELLANEOUSExplosives (industrial), shipments thous. of lb_.Gelatin:§

Production, total* __ _ _ do _Edible§ do

Stocks, total* ..-doEdible§ . -.-do

Sulfur:*Production _. _ _ _ long tons.Stocks . do

Glue, animal:*Production . . thous. of lb_-Stocks . _ . do. _

Bone black:*Production _ _ _ _ _ _ _ _ short tonsStocks do

OIL SEEDS, OILS, FATS ANDBYPRODUCTS

Animal, including fish oil:Animal fats*

Consumption, factory thous. of lb__Production . _ . _ doStocks, end of month do

Greases :tConsumption, factory doProduction __do_ _Stocks, end of month do

Fish oils:*Consumption, factory _ _ _ _ _ _ _ _ d oProduction doStocks, end of month _ _ do

Vegetable oils, total:Consumption, crude, factory t mil. of lb_.Exports§ thous. of IbImports totaf§ _ _ _ _ . do

Paint oils§ doAll other vegetable oils§ do

ProductionJ mil. of IbStocks, end of month:J

Crude do....Eefined do

7,4286,606

19, 151

5,9579,181

20,789

2866,830

10, 526

609103505

305, 80785, 748

208, 888636

138, 060108, 98880, 5554,696

11,250

2.07573, 802

' 894, 772681,235

7.34

.59

51,296

4,1173,0286,4883, 059

377,2183, 495, Oil

13,7708,643

847979

105, 542262, 265389, 074

43, 93948. 61384, 829

14, 1351,301

57, 728

33313, 65454, 05743, 67210,385

313

571392

6,6176,965

19,843

5,8717,980

20,723

2216,551

11,764

33272

260264, 774

56, 507191,539

2,718117, 760107, 48480, 7864,482

0

2.07583, 121

»• 804, 855855, 352

7.58527, 335243, 086

.61176, 089147, 693

51,048

3,8472,9016,3742,787

359, 3133, 456, 082

12,8438,950

1,0401,021

105, 301255, 713428, 604

41, 22648, 26098, 827

16, 47810. 92759,041

29425, 85552,30637, 75414, 553

283

573385

6,5095,483

18,848

5,6506,200

20, 171

••2366,779

12, 871

385176209

272, 87173, 674

186,9871,661

82, 47475,91241, 623

382,232

2.07573, 708

' 808, 917903, 380

6.83

.59

47, 134

3,1592,3136,3382,453

382, 6743, 438, 367

12,1588,757

1,0481,008

99, 329238, 814444, 602

37, 74646,611

101,964

11,47521, 73965, 152

29714, 54026, 66918, 2088,461

278

566359

6,7617,250

18, 869

6, 3587,998

20, 396

••2466,708

12,396

409130278

284, 74156, 924

215, 726874

93, 64985, 33741,7374,330

0

2.19583,848

' 804, 355866, 919

6.76

.59

53, 275

3,3932,7626,0422,430

391,3963, 444, 607

11,4247,749

1,0651,030

127, 228208, 609400, 170

43, 65844, 434

106, 382

12, 15021, 10986, 445

29416,14810, 7442,1218,623

248

489292

7,0328,812

19, 146

6,7547,957

19, 493

••2436,564

11,800

492130362

239, 80765, 241

162, 3411,659

76, 59167, 16616, 9593,777

0

2.27575, 764

' 822, 448' 852, 303

7.10572, 233284, 840

.62189, 689194,111

55,787

3,1162,4205,9612,356

406, 9643, 449, 732

12,0037,882

1,0851,079

134,765189, 544320, 801

49, 91340, 15498, 924

20, 14822, 70685, 999

32923, 43419, 1063,921

15, 185330

458243

8,1468,292

17,665

7,7709,357

18, 289

••2837,065

12, 529

49581

415204, 08181, 799

114,082617

92, 21473,01530, 62312,617

0

2.27577, 680

r 893, 613' 863, 407

8.46

.62

59,434

4,0173,0775,4312,400

425, 6123, 457, 899

14, 6668,392

1,0851,375

155,630226, 266250, 588

55, 18247, 40297, 555

22, 92919, 889

108, 815

43219, 5255,4622,8012,661

468

471207

7,6337,560

16, 061

7,0678,782

17, 709

2866,832

12, 373

657182476

186, 29586, 57887, 772

44776, 83661, 05625, 2873,2046,838

2.27597, 333

' 881, 041r 950, 556

8.91

.64

52, 365

4,2903,2775,7392,714

405, 2053, 435, 298

13, 6369,509

8481,180

134, 391279, 792258, 425

50, 60450, 03996, 111

22, 9446,852

91, 459

43727, 88523, 66113, 20810, 453

481

485211

7,4688,753

17, 335

7,4639,202

17, 278

3217,199

12, 893

829181648

243, 34054, 664

168, 9741,695

91, 15969, 72522, 3164,4978,173

2.306112, 214

' 973, 554' 1,039,952

8.87508, 543339 269

.64159, 665210, 116

51,940

4,4153,1046,4273,300

389, 0143,371,034

13, 18512, 444

1,1021,254

126, 345307, 560322,045

54, 20750, 586

103, 692

25, 2874,356

85, 286

46937, 30232, 47417, 00815,465

488

502241

7,4268,701

17, 396

8,04910, 43718, 306

2748,806

12, 433

1,454257

1,196186, 75879, 39991, 2888.926

102; 96692, 76560, 787

2842, 213

2.40097, 029

926, 3231,105,813

8.83

.63

49,019

4,6393,2226,3873,034

391, 2143,373,422

14,22910,605

1,0331,474

135, 260302, 208350, 058

55, 35152, 331

119, 272

23, 9801,024

85, 778

45835, 73734, 62811, 65122, 977

513

539247

7,0987,947

17,974

7,37610,29419, 013

2489,161

12,048

1,149168981

136,47512, 774

103, 75410, 303

141, 630120, 76688, 8349,3294,667

2.400

883, 852'1,081,544

8.55

.63

48,848

4,6593,4256,5583,144

388, 3323, 348, 462

13, 13110, 828

1,0101,696

118, 795258, 924369, 460

53, 19546, 815

122, 608

20, 178697

69,069

41014, 19840, 40221, 84718, 555

441

598264

7,2727,699

18, 197

7,84511, 35021, 866

25510, 94414, 082

1,478188

1,291284, 548151, 301114, 529

1,599131, 989113, 21670, 325

3897,355

2.400

r 1,033,294994,464

7.19382, 720277, 980

.64115, 460195, 350

49,145

4,3363,0347,0003,464

402, 8323, 368, 064

11, 79510, 957

1,0172,004

116, 571222, 845369, 989

56, 21245, 153

129, 645

19, 095766

61,021

42521, 19932, 64610, 27022, 376

408

592305

7,4566,715

16, 744

7,1168,293

21,923

'26610, 48913,072

1,114202912

247, 18261, 097

176, 9371,484

162, 579130, 90085, 380

33714,404

2.400

r 974, 420r 965, 480

7.00

.62

47,717

4,0092,8836,8893,392

392, 9913,338,345

12, 165' 12, 062

5191,877

•• 107, 826•• 222, 070' 396, 045

r 51, 525' 45, 543126, 831

15, 7211,000

55, 000

38516, 31929, 59610, 53119, 065

••352

••555292

7,3796,383

15, 221

6,7767,704

21,384

254

657118539

2,400

978, 4331, 116.. 883

6.80

.68

61,361

4,5043,3017,2683,713

409, 5303, 297, 705

11, 50312,964

5201,650

116, 137237, 063412, 169

46,43347, 147

124, 582

16, 5204,296

63, 611

349

329

526251

r Revised, c? See note in the April 1946 Survey with regard to difference between these series and similar data published in the 1942 Supplement to the Survey.© Excludes data for Mississippi, which has discontinued monthly reports, beginning in the October 1946 Survey.§ The indicated series continue data published in the 1942 Supplement; unpublished data beginning 1941 or 1942 through February 1945, and also corrected data for 1937-July 1945 for nitrog-

enous and total fertilizer imports, will be published later. Fertilizer and vegetable oil exports for 1947 have been revised to include Army civilian supply shipments (see note marked "5"on p. S-20).

O For a brief description of this series see note in April 1946 Survey, t See note marked "t" on p. S-25 regarding unpublished revisions.* New series. For source and description of data for glycerin see p. S-23 of November 1944 Survey and for turpentine and rosin, p. S-24 of the May 1946 issue. Small revisions in the data

for June 1943-August 1946 for glycerin will be shown later. Data for 1942-February 1945 for the new series on gelatin, and data prior to August 1946 for bone black and glue will be publishedlater; data for gelatin, bone black, and glue are compiled by the Bureau of the Census and are complete or practically complete. Data for 1940-43 for sulfur are on p. 24 of the May 1946 SurveySee note marked "*" on p. S-23 of the September 1947 Survey for reference to data for phthalic anhydride. Data for fertilizer consumption by midwestern States and the total (compiled bythe National Fertilizer Association from reports of tax tag sales) have been revised beginning in the March 1948 issue to exclude Illinois which has discontinued tag sales. Data beginning1933 will be shown later.

t Revised series. See note in the November 1943 Survey explaining a change in the superphosphate data and note in September 1947 Survey regarding a company included beginningJanuary 1946. Revisions not shown above: 1947—production, January-April, 844,852; 827,818; 891,976; 866,514; stocks, February, 750,307. See note on S-23 of the November 1943 Survey re-garding change in the turpentine price series.




1947


berDecem-

ber

1948

Janu-ary



OIL SEEDS, OILS, FATS, ANDBYPRODUCT S— Con tinue d

Copra:Consumption, factory§ short tons..Imports§___ . _ doStocks, end of month§ do.

Coconut or copra oil:Consumption, factory:t

Crude thous. of IbRefined do _ _ _

Imports § doProduction:!

Crude do_ _.Refined do

Stocks, end of month:!Crude doRefined do

Cottonseed:Consumption (crush) thous. of short tons__Receipts at mills 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 lb_Stocks end of month do. _

Cottonseed oil, refined:Consumption, factory t do

In oleomargarine doPrice, wholesale, summer, yellow, prime (N. Y.)

dol. per l b _ _Production thous. of lb_.Stocks, end of month do

Flaxseed:Imports§ thous. of bu_.Duluth:

Receipts doShipments do_ _Stocks.. do

Minneapolis:Receipts doShipments _ _ doStocks do

Oil mills:*Consumption doStocks end of month do

Price, wholesale, No. 1 (Minneapolis) dol. per bu_.Production (crop estimate) thous of bu

Linseed cake and meal:Shipments from Minneapolis thous. of lb__

Linseed oil:Consumption, factory t doPrice, wholesale (N. Y.) dol. per lb__Productiont thous. of IbShipments from Minneapolis doStocks at factory, end of monthj do

Soybeans:Consumption, factory t thous. of buProduction (crop estimate) doStocks, end of montht do ._

Soybean oil:Consumption, factory, refinedf thous. of lb__Price, wholesale, edible (N. Y.)d* dol. per lb__Production: J

Crude thous of IbRefined do

Stocks, end of month :tCrude doRefined do

Oleomargarine:Consumption (tax -paid withdrawals)! doPrice, wholesale, standard, uncolored, (Chicago)

dol. per lb_.ProductionJ... thous. of lb__

Shortenings and compounds :JProduction _ . . doStocks, end of month do

PAINT SALES

Calcimines, plastic-texture and cold-water paints:*Calcimines thous. of doLPlastic-texture paints _ doCold-water paints:

In dry form. do_In paste form for interior use__ do

Paint, varnish, lacquer, and fillers, total®, .doClassified, total do...

Industrial doTrade _ . do. .

Unclassified .do

53, 34761, 00459, 714

70, 34929, 1032,394

68, 39833, 020

138, 48919, 088

10411

163

45, 879117,052

34, 92533, 979

35, 14012,981

.25645, 388

217, 849

17

1083

145

25787

1,162

1,335855

6.3C

26, 760

45, 094.376

25, 06419, 620

134, 627

15, 006

37, 147

71, 687.268

135, 88992, 605

108, 829114, 604

36, 565

.35437, 809

63, 15149, 995

96213

408332

99, 59588, 74032, 48056, 26110, 854

52, 36851, 34644, 320

61, 63627, 6643,225

66, 07428, 611

134, 949J2,998

6914

108

30, 47787, 958

23, 34119, 990

44, 68716, 407

.24135, 517

204, 106

77

77478

128202516

1,6871,4576.12

26, 160

38, 716.325

32, 05713, 620

144, 544

13, 356

28, 004

75, 842.244

122, 43683, 890

122, 760128, 141

40, 527

.33041, 414

78, 85363, 094

104218

436361

92, 63482, 97331, 74151, 2329,661

45, 33018, 64442, 300

62, 00823, 7841,767

57, 90230, 466

127, 92714,412

7465

100

33, 98046, 941

24,21215, 191

56, 31219, 906

.23426, 410

171, 094

106

2728

9982

296

1,6411,8926.02

29, 580

40, 030.302

32, 25014, 880

157, 724

13, 613

19, 124

82, 261.227

125, 70698, 720

125, 686141, 671

47, 448

.33248, 897

79, 92147, 086

86180

432407

86, 70077, 87430, 01847, 8568,825

40, 73131, 34026, 861

69, 60832, 977

866

51, 90234, 228

105,97810, 737

102167163

47, 06826, 416

31,10919, 209

74, 24320, 115

.17924, 913

116, 709

17

120

20

2,125270453

1,3252,5266.00

18,540

39, 834.291

26, 52721, 240

132, 682

11, 284

10, 248

98,077.209

105, 31591, 251

105, 941140, 430

47, 251

.33050, 041

98, 97845,803

79224

409306

84, 95176, 95631, 07345, 8837,995

41,82848, 29723, 871

72, 25730, 174

G)

53, 60933, 498

89, 36311, 194

345776594

156, 07637,844

104, 34857, 307

74, 75127, 891

.22456, 85292, 081

0

1,435436

1,019

8,4251,1425,004

2,4105,7206.39

45,360

40, 865.303

48, 03027, 240

118, 443

9,733

2,775

109,838.233

91, 35889, 400

79,583124, 043

67, 771

.34067, 422

117,85836, 393

79203

439235

86, 31276, 66231, 60745, 0559,650

47, 14853, 48522, 984

79,65629, 828

0

61, 10335, 388

69, 57810, 998

6471,5091,458

301,37062, 121

197, 83495, 356

119, 10741, 554

.237144, 981107, 882

0

2,7331,0532,699

4,928530

•6,434

3,0516,7896.78

51, 480

44, 820.318

59, 56433, 840

127, 444

11, 439

34, 624

141, 963.264

107, 17088,413

80, 49676, 800

82, 894

.36287, 005

159, 62341, 887

77218

433303

91, 44382, 45934, 97047, 4898,984

48, 82167, 22225, 945

72, 86226, 618

956

62, 28735, 088

59, 6699,213

596654

1,515

276, 45171, 590

181,915112, 684

129, 16644, 146

.276157, 874133, 196

0

9111,1472,463

1,904274

6,305

3,1746,8936.84

49, 500

36, 508.324

61, 59229, 580

124, 541

14, 659

48, 053

119, 523.312

133, 65297, 345

84, 23959, 667

78, 249

.38581, 806

145, 97945, 051

83210

305256

71, 19964, 20028, 62335, 577r 6, 999

60,51185,82941, 611

76, 85728, 3175,080

77, 23833, 225

69, 67211,834

565476

1,426

261, 94274,035

174,444109, 368

122,26542, 368

.289159, 637152,916

2

481,764

747

1,360168

5,833

2,3196,5597.01

2 39, 763

49,020

38, 532.346

45, 49627, 900

126, 678

15,2192 181 362

48, 855

110, 066.326

139, 551112, 683

77, 49164, 161

72, 914

.40079, Oil

131,81953, 488

71187

282217

68, 91462, 21329, 68832, 5266,700

61, 79656, 16737, 259

85, 37029, 31511, 593

81, 37137, 233

75, 58412, 616

522212

1,116

241, 66871, 207

163, 998121, 742

126, 68646, 718

.299140, 848152, 706

5

165183728

1,224257

5,114

2,9306 2907.06

50,460

39, 008.338

5746529, 940

135, 394

16,481

47,824

110, 777.326

152,966110, 912

86, 70363,850

87, 252

.40287, 934

136, 93654, 493

81243

306328

88, 01578, 77831, 74347, 0359,237

53, 13555,54635, 392

68, 33324, 6663,848

67, 73728, 361

86, 54610, 500

41274

778

191, 32585, 139

130, 270117, 424

106, 61142, 779

.246124, 877158, 523

6

660

794

723318

4,263

2,5955,8006.51

49, 740

38, 987.306

51, 66328, 020

141, 504

14, 962

43, 596

94,091.262

139 90099, 320

104, 78871, 561

72 986

.39280, 418

101, 12064, 144

58203

253286

78, 93371, 25630 15941 0977,677

50, 19451, 51336, 471

69, 52323, 3429,598

64, 28031, 502

96, 22611,837

32651

503

154, 38886, 060

105, 16287, 096

105, 98538, 728

.261123, 628182, 206

2

501

843

530298

3,099

2,3094,8796.19

47, 280

40, 871.292

46, 26429, 760

135, 741

14, 762

36, 857

100, 295.269

139, 370108, 829

114, 74584, 848

74, 314

.38271, 817

109, 01359, 550

97271

377336

T 91, 685r 82, 403T 35 328r 47, 074'9,283

40, 13634, 34928, 825

54, 48422, 9857,694

51, 13727, 771

98, 77312, 120

20524

322

95, 37492, 080

67, 53958, 472

96, 60436, 180

.30590. 821

168, 750

1

53189707

653199

2, 500

2,4423,8436.04

47, 580

40, 292.290

48, 97437, 440

134, 511

r 14, 185

' 33, 608

114, 035.298

' 133, 994116, 152

«• 98, 493r 89, 797

75, 063

.39074,079

128, 03351, 396

87254

402333

96, 97987 73333 83853 8959,246

35, 102

22, 659

54, 08820, 914

45, 36226, 935

101, 25414, 214

14714

188

67, 944100, 037

47, 74343, 054

91, 090

.37160, 035

126, 912

4569

683

870308

1,888

2,6613,1566.09

44, 520

40, 248.290

52, 90533, 720

131, 442

13, 287

27, 393

120, 972.322

128 843111, 844

87, 50187, 460

.405

124 14256, 751

r Revised. l Less than 500 pounds. 2 December 1 estimate.§ Data continue series published in the 1942 Supplement; unpublished data through February 1945 for the indicated series will be shown later.} See note marked "§" on p. S-25 of the September 1947 Survey for reference to July 1941-June 1946 revisions for oleomargarine; revisions for July 1946-June 1947 are shown on p. S-25 of

the April 1948 Survey. Small or scattered revisions for 1941-August 1946 for the other indicated series will be published later. Revised data for fish oils are available on a quarterly basis only.cfThis series, compiled by the U. S. Department of Labor, replaces the series for refined oil shown in the 1942 Supplement; earlier data will be published later.•Data for some items are net comparable with data prior to 1945; see note for calcimines, plastics, and cold-water paints at bottom of p. S-23 of the December 1945 Survey.(^Revised figures for January 1946-February 1947 will be shown later.




1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary



PLASTIC PRODUCTS

Shipments and consumption:Cellulose acetate and mixed ester plastics: <8>

Sheets, rods and tubes _ thous. of lb_.Molding and extrusion materials do

Nitrocellulose, sheets, rods, and tubes.® ...doOther cellulose plastics* do. .Phenolic and other tar acid resins* doUrea and melamine resins* do. _Polystyrene* _ . . _ _ . _ _ _ _ _ d oVinyl resins* do _Miscellaneous resins* _ ..... do

1,6894,3171,052fi)

27, 3776,2186,854

13, 1266,435

1, 6823,715

9310)

27, 7366,7615,955

11, 5465,891

1,4102,779

8920)

25, 9306,6525, C88

11, 5735,819

1,4793,404

903(i)

26,0005,5787,075

12,9175,567

1,2844,153

9210)

27, 2625,8398,381

15, 1258,032

1,7995,1051,0400)

28, 1296,836

10, 93118, 0407,388

1,4624,666

8320)

25, 7196,115

10, 59316, 8377,120

1,3433,830

8420)

27, 6626,739

11, 45620, 404

7,157

1,2854,461

865747

28, 7496,824

10, 22619, 5547,677

1,3213,733

930652

26, 7016,7728,382

17, 6347,800

1,3543,960

999769

30, 5947,116

12, 71819,0378,639

1,5683,8771,071

974r26,356

6,56112, 18919, 1988,219

1,4583,630

8661,024

20, 7160)

10, 77715, 9468,488

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial) , total*mil. of kw.-hr__

Industrial establishments* doBy fuels* _ _ _ _ . _ do. .By water power* _ do

Utilities (for public use), total! doBy fuelsf . . _ doBy water power! - - _ _ do. .Privately and municipally owned utilities

doOther producers! do

Sales to ultimate customers, total (Edison ElectricInstitute)! mil. of kw.-hr_.

Residential or domestic .... . . doRural (distinct rural rates) .._._. . do_ „_Commercial and industrial:

Large light and poweHI ._._.._ do....Street and highway lighting! doOther public authorities! . . doRailways and railroads! . do. .Interdepartmental! _ _ _ _ . _ _ _ . d o

Revenue from sales to ultimate customers (EdisonElectric Institute) ...... thous. of dol

GASf

Manufactured and mixed gas (quarterly):Customers, end of quarter, total thousands..

Residential (incl. house-heating) _ _ do. _Industrial and commercial _ . do

Sales to consumers, total. . __mil. of cu. ft_Residential _ _ _ ... doIndustrial and commercial.. do. __

Revenue from sales to consumers, totalthous. of dol_

Residential (incl. house-heating) doIndustrial and commercial ... do. ,

Natural gas (quarterly):Customers, end of quarter, total thousands

Residential (incl. house-heating) doIndustrial arid commercial.. _ do. _

Sales to consumers, total mil. of cu. f t _ _Residential (incl. house-heating) doIndustrial and commercial _ _do_ .

Revenue from sales to consumers, total, thous. of dol.Residential (incl. house-heating) _.do_...Industrial and comrrerciaL. . do. .

25, CC94,2333,809

42420, 77613, 3877,389

17, 8012,976

17, 6103,437

514

2,9949,375

16647560446

310, 026

24, 4694,2253,825

4CO20, 24413, 4516, 793

17,4142,829

17, 5463,369

558

3,0609,356

15447553144

309, 631

11, 25810, 636

713161,485100,88149, 273

135, 259100, 68233,719

9,7729,061

716596, 470161, 527428, 6C8197, 743104,34892, 106

24, 9384,1563,772

38320, 78214, 2366,546

17,8472 936

17,3083,307

606

3,1239,068

16046963846

305, 855

25, C694,2253,892

OOO

21,74415, 690f,OS3

18,7333,011

18, C993,332

681

3,2629,601

17648363244

315, 590

25, 6344,1533,858

29521, 48115, 8755,606

18, 6302,861

18,4963,512

607

3,4069,724

19349061845

325, 639

11,06810, 350

700108, 43066, 90640,635

108, 51980, 13027, 796

10, 1079,392

708521, 77476, 503

439, 602150,44459, 77089, 584

26, 7484,4104,063

34822, 33816, 8465,492

19, 5402,798

18, 6563,601

498

3,2939,951

21949954846

328, 209

26, 1804,3333, 950

38321, 84715, 7636,084

18,9772,870

18, 7263,876

382

3,3469,757

23450257851

335, 687

27, 9514,4394,085

35523, 51217, 0996,413

20,2923,220

19, 6174,329

379

3,4909,934

25153064856

351, 460

10,85210, 141

703147, 14097, 27148, 479

135, 19899, 71634, 601

30,6889,897

784646, 412185, 386452 909220 431117, 858100 887

28, 4434,4854,119

36623, 95817, 5146,444

20, 6493,309

20, 2674,777

384

3,6709,990

24854868566

362, 163

26, 4654,2713,902

36922, 19415,8216,373

18,9963,198

19, 9044,633

429

3,5189,897

21963461359

367, 698

27, 9664,4884,061

42723, 47816, 0057,473

20,0153,463

19, 9694,391

458

3,49710, 197

21453162369

354, 600

26, 5694,2723,807

46622,29614, 4167,881

18, 8023,494

19,4004,159

463

3,45010, 014

18850956057

346, 646

27, 0354,4273,971

45522, 60914, 9257,684

19, 1223,487

FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGES

Fermented malt liquors :fProduction thous. of bbl_.Tax -paid withdrawals . doStocks, end of month do

Distilled spirits:Apparent consumption for beverage purposes f

thous. of wine gal..Imports§ thous. of proof gal.Production!- - thous. of tax galTax-paid withdrawals!- doStocks, end of month!. do

Whisky:Imports§ . thous. of proof galProduction! - thous. of tax galTax-paid withdrawals!.. doStocks , end of month! __.do

7,9857,5129,531

12, 1731, 125

21, 8546,130

618, 459

1,07114, 1433,185

459, 217

8,3427,9399,565

11,3921,071

16, 4296,039

525, 828

1,0029,9323,280

464, 825

9,0448,7769,453

12, 283834

13, 7265,650

529, 523

7937,1972,975

468, 432

8,8338,8429,050

12,378797

14, 1877,171

533,051

7577,2293,372

471, 273

8,7388,3699,021

14, 2161,172

22, 2188,639

537, 471

1,1029,7904,258

474, 956

9,0648, 3039 414

23, 8931,414

39, 55916,' 497

542, 907

1,3109, 7327,770

474, 507

6,6506, 1269 647

18,0471, 1857 735

16^030527,337

1 108' 56

7,819463, 407

6,0636 398Q 093y, \j6o

18, 323773

4 193lo! 342

516, 406

709655

5,507456, 366

6,3925,952Q' 1R7y, j.o<

13, 1401, 2069 4898^080

513, 896

1,0594 7024*050

455, 409

6,2585 4759 670

12, 871980

21 8848^937

523, 546

89213 7684' 177

462, 090

6,9896, 701Q*fiS4.y, uoit

12, 139943

32 8096^660

545, 365

86620 635

3', 575479, 241

7,3816 977Q' 733y, IOO

13, 1291 099

OO 7HKzo, /uo7,210

564, 119

996on CKQ/U, OOO3,616

494, 969

7, 2646 75*2a QCf-, you

25 95i>e| 78?.

580,827

90 041ZU, U4J3, 30tf.

511, 24S!' Revised, i Not available for publication. § Data continue series published in the 1942 Supplement; data for December 1941-February 1945 will be published later!For 1943-44 revisions for the indicated series see notes at bottom of pp. S-23 and S-24 of the May 1945 Survey.<S>Data for sheets, rods and tubes are comparable with similar data in the 1942 Supplement; see note in September 1946 Survey regarding change in data for molding etc materials*New series. For data for 1939-45 for production of electricity by industrial establishments see p. 32 of the February 1947 Survey; minor revisions for January to October 1946 will be shown

later. The new series for plastic products are from the Bureau of the Census and include all known producers; earlier figures and a description of the data will be published later.TRevised series. Gas statistics are shown on a revised basis beginning in the December 1946 Survey; see note in that issue. For revised figures for the indicated series on electric power

production, except the series for "other producers," see p. 32 of the February 1947 Survey; minor revisions for January to October 1946 will be published later. See note marked "t" on p. S-26of the September 1947 Survey for reference to revisions for 1940-45 for consumption of distilled spirits for beverage purposes and for the fiscal years 1941-46 for the other alcoholic beverageseries;the note also explains a change in the series for stocks of distilled spirits; see p. S-23 for tax-paid withdrawals of ethyl alcohol, which are largely for beverage purposes.




1947


berDecem-

ber

1948

Janu-ary

Febru-ary March April j May

FOODSTUFFS AND TOBACCO—Continued

ALCOHOLIC BEVERAGES— Continued

Rectified distilled spirits, production, total fthous. of proof gal. .

Whisky . . do _Wines and distilling materials:

Sparkling wines:Imports§ thous. of wine galProductionf do_ _Tax -paid withdrawals! doStocks, end of month!. -- - do. _

Still wines:Imports§ doProduction© _ _ _ _ doTax-paid withdrawals! doStocks end of month! - - - do

Distilling materials produced at wineries© do

DAIRY PRODUCTS

Butter, creamery:Price, wholesale, 92-score (N. Y.) }_.._dol. per lb__Production (factory) f thous of lbStocks, cold storage, end of month cf do

Cheese:Imports§ _ _ _ _ _ _ _ d oPrice, wholesale, American Cheddars (Wisconsin)

dol. per l b__Production, total (factory)! thous. of lb__

American whole milk! _ _ doStocks, cold storage, end of monthcf do

American whole milk. doCondensed and evaporated milk:

Exports:§Condensed doEvaporated _ . do

Prices, wholesale, U. S. average:Condensed (sweetened). dol. per caseEvaporated (unsweetened)... ...do

Production:Condensed (sweetened):

Bulk goods* _ _ _ thous. of IbCase goods! -_ do

Evaporated (unsweetened), case goods!- _ doStocks, manufacturers', case goods, end of month:

Condensed (sweetened) _ _ _ _ thous. of IbEvaporated (unsweetened). do_

Fluid milk:Price, dealers', standard grade dol. per 100 lb__Production! — mil. of lb__Utilization in manufactured dairy products!

mil. o f l b _ _Dried skim milk:

Exports§ _ _ _ _ _ _ thous. oflbPrice, wholesale, for human consumption, II. S.

average _ _ _ . dol. per IbProduction, total f thous. of lb_.

For human consumption! doStocks, manufacturers', end of month , total

thous. oflb..For human consumption do

FRUITS AND VEGETABLESApples:

Production (crop estimate) thous. of buShipments, carlot no. of carloadsStocks, cold storage, end of month. .thous. of bu_.

Citrus fruits, carlot shipments _.no. of carloadsFrozen fruits, stocks, cold storage, end of month

thous. o f l b _ _Frozen vegetables, stocks, cold storage, end of

month thous. oflb..Potatoes, white:

Price, wholesale (N. Y.) _..dol. per 100 IbProduction (crop estimate)!-. _ ._ thous. of buShipments, carlot no. of carloads

GRAINS AND GRAIN PRODUCTS

Exports, principal grains, including flour and meal§thous. of bu_

Barley:Exports, including malt§ doPrices, wholesale (Minneapolis):

No. 2, malting dol. per bu_.No. 3, straight . do

Production (crop estimate)! thous. of buReceipts, principal markets.. doStocks, domestic, end of month:

Commercial _ _ .. do. __On farms* do

6,7066,155

1313062

1,882

172390

5,682168,710

1,040

.613' 147, 692

17, 445

355

.298r 144, 046' 118, 486

133, 495106, 479

7,54939, 518

8.265.23

111, 77513, OCO

416, 200

6,387278,814

4.4612, 134

5,509

19, 648

.09491, 66588, 200

103, 875r 101, 532

1,6871,544

17, 774

327, 700

230, 827

3.812

23, 713

' 73, 726

2,948

2.0101.896

8,449r 8, 872

7,0216,522

1214644

1,975

129309

6,249160, 211

661

.633157,12051, 625

401

0)152,125125, 815161, 363130, 005

8,56242, 869

8.265.18

117, 53512, 950

410, 000

7,1P6440, 952

4.4112, 821

5,814

21, 538

.096102, 02096, 730

115. 105no; 775

627329

13, 857

332, 345

251, 687

4.106

25, 272

'62,684

' 3, 299

2.1362.032

8,252

7,753«• 36, 879

7,8317,012

97451

1,990

99383

6,627152, 534

1,867

.674148, 79083, 286

459

.338136, 425113,505185, 202151, 661

9,20142, 071

8.265.19

74,09515,025

347, 600

9,477501, 177

4.4912, 102

5, 344

28, 309

.09581, 83078, 500

95,74491,028

1,428219

9,429

374, 363

307, 574

(3)

22, 313

' 64, 286

' 4, 277

2.2592.130

7,974

5,593

8,0837,522

94864

1,964

1172,4796,680

146, 6607,948

.745116, 55088, 364

647

.345110,14089, 610

202, 597169, 571

8, 16141,394

8.265.20

32, 47017, IfO

257, 400

10, 561474, 600

4.6010, 595

4,223

29, 803

.09751, 92549, 450

76,71374,030

783264

9,027

408, 119

326, 603

(3)

19, 028

••67,855

4,234

2.2992.143

27, 113

14, 263

9,6898,965

213684

1,911

19431, 5758,180

171, 23949, 423

.802101, 31076, 912

615

.36592, 67074, 480

193, 849164, 651

10, 31655, 278

8.265.24

23, 04521, 100

218, 000

11,333379, 712

4.719,259

3,654

25, 188

.10241, 00039, 740

50, 23748, 813

6,21410, 4357,403

402, 821

353, 239

(3)

25, 187

r 51, 799

2,713

2.2762.117

25, 093

27, 444160,403 1

16, 48015, 126

2829

1551,774

17553, 33111, 431

215, 86096, 627

.71891, 89072,125

1,139

.38682, 72064, 170

176,626151, 455

15, 72672, 852

8.405.31

20, 33019, 500

200, 500

9,463284, 061

4.878,845

3,319

43, 660

.11131, 93531,000

35, 73235, 359

8,62434, 32210, 430

405, 838

347, 466

(3)

25, 504

47,281

2,641

2.3792 218

14, 605

29, 679

17, 59316, 254

2857

1581,656

13811, 42911,220

216, 51731, 179

.79469, 22046, 002

1,554

.39161, 76044, 480

162, 682139, 355

14, 65549, 110

8.805.52

12,09512,650

152, 500

8,501223, 940

4.978,015

2,479

33, 512

.12422, 85022, 320

21, 17220, 450

5,53135, 79013, 275

392, 077

323, 991

(3)

20, 136

••42,395

'859

2.5902 426

12, 111

27 846

12, 73211, 656

1897

1471,581

1392,675

10, 282205,083

8,596

.88174, 49023, 672

1,519

(060, 02542, 395

147, 683128, 188

8,831' 25, 680

8.805.70

14, 16511,475

156,400

9,362158, 551

5.028,056

2,568

28,515

.14131, 52530, 780

15, 24314, 685

2 112, 5033,918

29, 80716, 499

369, 470

291, 752

(3)2 384, 407

15, 974

' 42, 447

'1,370

2.7112 510

2 279, 18210, 021

26, 581117, 300

8,9398,217

2610164

1, 599

237657

9,471195,888

2,554

.85179, 08013, 399

1,369

(065, 14045, 740

124, 106107, 236

7,81819, 601

8.935.83

14, 7208,575

176, 000

8,68295, 433

5.088,354

r 2, 766

19, 710

.14638, 57037, 700

14,97214, 613

4,51622, 77216, 695

343, 539

254, 853

(3)

22, 092

r 49, 622

465

2.6752 507

8, 679

24 205

9,3078,655

127854

1,613

160495

8,804186, 843

1,031

.83677, 0957,323

1,915

0)64, 63046, 730

110, 12593, 570

6,86816, 073

9.125.99

14, 5308,800

193, 000

9,12473, 267

5.108,219

2,769

9,671

.14940, 42539, 650

18, 55918, 155

4,72916, 56714, 701

316, 819

226, 619

(3)

21, 484

42, 269

794

2.3592 142

5, 773

21 521

8,4237,664

1114457

1,685

214799

10, 904176, 213

2,248

.80289, 9903,482

1,591

0)80, 61558, 915

103, 35088, 737

8,83018, 745

9.126.00

17, 57510, 275

270, 400

8,62263, 117

5.099,273

3,360

6,810

.14853, 94052, 750

32,20231, 806

4 17510, 24415, 218

281, 762

196, 628

(3)

27 753

38, 298

1,157

2.4332 243

5,737

15 75668', 696

8,6617,928

2516650

1,792

183647

9,953166, 314

2,096

828T 100, 025' 4, 449

2,012

0)f 96, 230f 73, 490' 105, 263

r 91, 907

16, 12330, 555

9.326.08

25, 25513,900

332, 000

8,77780, 752

5.0710, 002

3,876

5,383

.14365, 67064,100

40, 75040, 293

r3 523' 4, 896

r 15, 061r 247, 895

•• 176, 118

(3)

23 356

39, 312

668

2.3812 267

5,717

10 879

8,1407,307

.801132, 49518, 096

0)128, 270102, 110122, 313106, 419

9.636.39

44, 30013, 500

449, 700

11, 619177, 715

5.0211, 842

5,171

.14392,40090,250

63, 57762, 469

1 7201,848

14, 233

251, 895

159, 831

(3)

23, 405

2.3542 227

4 290 3077,270

7 597

r Revised. 1 No quotation. * December 1 estimate. 3 No comparable data. 4 June 1 estimate.tSee note in June 1945 Survey for explanation of this price series. cfSee note marked "d* "on p. S-29.©Distilling materials produced at wineries, shown separately above, were combined with production of still wines as shown in the Survey through the February 1947 issue.§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later. The 1947 export figures for

dairy products and grains have been revised to include Army civilian supply exports (see note marked "§" on p. S-20).• Revised 1943 data are on p. 13 of the March 1945 Survey; see note on item in February 1945 issue regarding earlier data; 1944-45 revisions are on p. 23 of October 1947 Survey. Final

revisions for 1946 will be shown later.*New series. Data beginning 1936 will be shown later; the June figure includes old crop only.!Revised series. See note marked "t" on p. S-26 of the September 1947 Survey for reference to revised figures for fiscal years 1941-46 for the indicated alcoholic beverage series. Revisions

for all months of the fiscal year 1947 are shown on p. S-27 of the November 1947 Survey. See notes marked " ! " on pp. S-25 and S-26 of the April 1946 Survey for references to 1941-43 revisionsfor the indicated series for manufactured dairy products; data for 1944-45 for these series and for utilization of milk in manufactured dairy products are shown on p. 16 of the April 1946 Surveybut there have been further revisions in the 1944 and 1945 figures for total cheese and 1945 figures for dry skim milk which are shown on p. 23 of the October 1947 Survey; final revisions for theproduction of all manufactured dairy products for 1946 will be shown later. Revisions for 1920-43 for utilization of milk in manufactured dairy products will also be shown later. JanuaryIS tO-December 1945 revisions for milk production are on p. 19 of the April 1947 Survey. Revised estimates of potato crop and barley for 1929-44 are available on request.


8 28 SURVEY OF CURRENT BUSINESS July 1948


1947


berDecem-

ber

1948

Janu-ary



GRAINS AND GRAIN PRODUCTS— Con.

Corn:Exports including meal §t thous. ofbu. _Grindings, wet process _ doPrices, wholesale:

No. 3, white (Chicago).., dol. per bu__No 3 yellow (Chicago) doWeighted average, 5 markets, all grades_.do

Production (crop estimate) t niil of buReceipts, principal markets doStocks, deomstic, end of month:

Commercial do

Oats?Exports including oatmeal §t thous ofbuPrice, wholesale, No. 3, white (Chicago)

dol. perbu..Production (crop estimate) t mil ofbuPeceipts, principal markets. _ _ doStocks, domestic, end of month:

Commercial doOn farmst ô

Pice:Exports §J thous. of IbImports 5 do. __Price, wholesale, head, clean (N. O.)_.dol. per lb_.Production (crop estimate) f thous ofbuCalifornia:

Receipts, domestic, roughthous. of bags (100 lb.)_.

Shipments from mills, milled rice doStocks, rough and cleaned (in terms of cleaned),

end of month thous. of bags (100 lb.)_.Southern States (La., Tex., Ark., Tenn.):

Receipts, rough, at mills.. thous. of bbl. (162 lb,)._Shipments from mills, milled rice

thous. of pockets (100 lb.)_.Stocks, domestic, rough and cleaned (in terms

of cleaned), end of monththous. of pockets (100 lb.)__

Pye:Price, wholesale, No. 2 (Minneapolis) -dol. per bu_.Production (crop estimate) t thous ofbuPeceipts principal markets doS tocks, commercial, domestic, end of month-do

Wheat:Disappearance, domesticf do_ .Exports, wheat, including four§t_ _ __ _do

Wheat only§ do. _.Prices, wholesale:

No. 1, Dark Northern Spring (Minneapolis)dol. per bu__

No. 2, Red Winter (St. Louis) do....No. 2, Hard Winter (Kansas City).. doWeighted av., 6 mkts., all grades do

Production (crop estimate), total t mil. of buSpring wheat * doWinter wheat do

Receipts, principal markets thous. of bu__Stocks, end of month:

Canada (Canadian wheat) ...do

Commercial _ do

Merchant mills doOn farmsf ô

Wheat four:Exports $J . thous. of bbl.Grind ings of wheat® thous. of buPrices, wholesale:

Standard patents (Minneapolis).. dol. per bbl.Winter straights (Kansas City) do >

Production (Census):®Elour thous. of bbl

Operations percent of capacityOffal mil. off Ib.

Stocks held by mills, end of month® thous. of bbl

LIVESTOCK

Livestock slaughter (Federally inspected) :Calves. . thous of animalsCattle . doHogs doSheep and lambs ' do

Cattle and calves:Receipts, principal markets.-. thous. of animals.Shipments, feeder, to 8 corn belt Statesf do...Prices, wholesale:

Steers beef (Chicago) dol. per 100 IbSteers, stocker and feeder (Kansas City). ..doCalves, vealers (Chicago) do

27, 78612,385

1.7901.7791.677

38.7

16.3

1,478

.988

14.2

4.6

60, 363163

.090

583496

233

83

515

615

3.192

138r 1, 359

r 41, 51413, 729

2.6772.7052.6932.637

26, 345

80, 514r 15, 780

T 5, 91255, 744

12.7412.39

12,44581.1930

6271,2643,8311,355

2,154100

24.0621.3323.63

18, 01411, 794

2.1432.0971.948

40.2

11.2687.8

2,767

1.021

12.2

5.03 259. 1

52, 4033

.090

300242

171

107

246

476

3.029

1021,024

224, 890r 38, 237

10, 354

2.7192.5872.3732.563

26, 156

70, 4053 83, 623

s 8, 1293 9, 976

3 24, 591MO, 427

' 5, 93255, 462

12.6011.03

12,33283.9928

2.237

6211,2073, 6531,329

2,384120

25.8721.1124.00

16,35311, 635

0)2.1691.995

39.1

11.8

2,274

.952

16.2

5.6

22, 8971

.126

207154

169

99

477

119

2.541

177556

41, 38320, 047

2.9352.3682.2882.400

121, 869

55, 395

114, 913

4,54057, 031

13.2710.77

12,71383.2

944

6561,2743,4551,280

2,435157

27.8521.9122.94

5,82711,083

2.7402.3462.295

22.8

7.7

950

1.014

29.2

15.9

21, 5922

.125

41142

59

573

309

393

2.466

2,6342,214

r 56, 84338, 605

2.7102.3842.3182.472

91,847

58,655

167, 718

r 3, 88059, 619

12.7210.97

13, 23386.4996

6281,2172,7311,253

2,259198

28.8421.2222.63

1,95111, 100

2.5832.5132.370

22.6

7.93 254. 2

663

1.161

22.5

26.6964.3

61, 944204

.118

7569

41

3,306

1,784

2,002

2.817

2,0843,824

3?6, 391r 46, 278

29, 132

2.8402.7042.6462.801

72, 625

113,8631,122,206

175,069196, 631136, 216610, 300r 3, 64856, 720

13.5712.03

12,64685.8

9482,523

7191,4072,9481,458

3,199395

29 5421.6524.30

1,42511,387

2.5082.4032.277

21.1

7.3

609

1.201

16.7

27.8

118,8891,236.114

1,490443

536

5,790

3,051

4,863

2.853

1,3664,262

41, 86226, 366

3.1672.9522.9533.093

68, 872

146, 292

166, 359

3,29760, 393

14.5613.13

13,43284 3

1,012

8131 4973 9781 697

3,353621

29 8220.9625. 38

1,49610, 831

2.4652.4232.345

22.7

11.6

r 2, 728

1.241

7:4

22.1

140, 214424

.121

877449

639

2,644

2, 889

4,755

2.824

5124,427

r 36, 834r 25, 933

3.2313.0202.9993.154

43, 297

130, 639

152, 400

2,31954, 188

14.9713.51

12, 08089 0899

7621 3375 5011 471

2,617321

29 5221.3225.81

r 1,0279,762

2.5722.6112.489

2 2, 401. 020.0

13.21, 517. 9

1,741

1.2732 1, 216. 0

8.1

14.0743.8

90,675209

.1222 79, 345

510292

669

942

1,625

4,141

2.7692 25, 977

4434,072

325, 626r 38, 301' 26, 421

3. 1603.0893.0113.110

2 1, 364. 92 296 9

21,068.040, 028

126,282796 618141,889112 279111, 730427, 620

f 2, 52853, 734

14.2313. 21

11,97778 0896

3 016

6731 3466 2541 451

2,233145

29 0823.5926. 75

60310, 180

2.6922.7112.582

26.9

17.0

2,614

1.401

12.0

10.0

31, 628267

.127

582549

527

621

1,307

3,562

2.763

4373,636

45, 94024, 502

3.1983.1203.0323.149

36, 469

115, 735

124, 041

4,56155 141

14.0613 20

12 33480 0

922

5861 3125 2231 347

2,028103

29 1626.3129. OR

9428,386

0)2.2532.152

18.3

21.0

1,291

1.273

5.8

7.1

104, 889647

.134

820796

284

365

890

3,071

2.410

3672,688

39, 14727, 121

2.7652.8662.5082.684

16 296

102, 328

97 989

2 55947 974

12.3411 24

10 71578 1804

511977

3 7461 209

1. 48559

26 4324.1597 Oft

7837,999

2.4422.3012.229

12.3

9 3849.2

1,091

1.298

8.4

3.3410.6

63, 3221,266.129

728273

481

203

953

2,359

2.562

6091,521

319, 10234, 62419, 397

2.6672.5382.4542.609

14, 895

85, 835477 593

70, 17473 47673 565

256 533

3 24049 631

12.0811 07

11 10669 0831

2 567

566r g%fi

3 5741 175

1,68054

26 7125.579.5 R5

1,2137,804

2.3902.3182.257

19.7

7.5

1,113

1.253

8.2

1.9

93, 137480

.129

1,021668

490

155

1, 217

1,346

2.530

6541,286

36, 20621, 118

2.6692.5462.4452.612

23, 300

72, C82

56, 694

T 3 21050 288

11.9110 92

11 26572 6845

550899

3 3431 045

1,87882

28 4326.6295 75

8,408

2.3882.3062.249

19.9

5.0

1.1704 1,357.2

9.2

1.7

.138

634476

404

207

832

735

2.412

657954

2.6252.4402.4022.596

4 315 2

31, 475

53, 096

49, 622

51 883

11.4610 61

11 56677 7861

5QQ

8773 562

978

1, 898117

q-t oo

27.6098 Qfl

p Revised. l No quotation. 2 December 1 estimate.* Includes old crop only; new corn not reported in stock figures until crop year begins in October and new oats and wheat until crop year begins in July. 4 June 1 estimate, oats, spring wheat,§ Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-Ecbruary 1945 will be published later. The unit of measurement

for wheat flour exports was erroneously shown as thousands of bushels in the August 1947 Survey and earlier issues; the figures have been shown in thousands of barrels in all issues.1 The total includes wheat owned by the Commodity Credit Corporation stored off farms in its own steel and wooden bins iôt included in the break-down of stocks.T Revised series. The indicated grain series have been revised as follows: Crop estimate for oats, 1932-44, and rice, 1937-4<i; other crop estimates, 1929-44; domestic disappearance of wheat

and stocks of wheat in country mills and elevators, 1934-44; corn, oat and wheat stocks on farms and total United States stocks of domestic wheat, 1926-44; all revisions are available on requestSee p. S-27 of the August 1943 Survey for revised figures for 1941-42 for feeder shipments of cattle and calves.

®Data for June 1947 and previous months were reported by approximately 1,100 mills believed to account for about 98 percent of the industry; later data are estimates for these millsbased on monthly reports of 425 mills with a daily 24-hour capacity of 401 sacks or more of flour,

t Data include Army civilian supply shipments (see note marked "§" on p. S-20).




1947


berDecem-

ber

1948

Janu-ary



LIVESTOCK— ContinuedHogs:

Receipts, principal markets thous. of animals..Prices:

Wholesale, average, all grades (Chicago)dol. per lOOlb..

Hog-corn ratio fbu. of corn per 100 Ib. of live hogs_.

Sheep and lambs:Receipts, principal markets thous. of animals..Shipments, feeder, to 8 corn belt Statesf doPrices, wholesale:

Lambs, average (Chicago) dol. per 100 lb_.Lambs, feeder, good and choice (Omaha) -do

MEATS

Total meats (including lard):Exports§J ...mil. of lb_.Production (inspected slaughter) doStocks, cold storage, end of month (8>cf- __.do

Edible offal® doMiscellaneous meats and meat products®

mil. oflb-Beef and veal:

Exports§J thous. of IbPrice, wholesale, beef, fresh, native steers

(Chicago) dol. per lb_-Production (inspected slaughter) thous. of lb__Stocks, cold storage, end of month (gx^ do

Lamb and mutton:Production (inspected slaughter) doStocks, cold storage, end of month <g>d" do

Pork including lard, production (inspectedslaughter) thous. of lb_-

Pork, excluding lard:Exports^ --'- - do.Prices, wholesale:

Hams, smoked (Chicago)©-- -dol. per lb__Fresh loins, 8-10 Ib. average (New York). do

Production (inspected slaughter) thous. of lb_-Stocks cold storage, end of month <8>c?- --do

Lard:ExportsSf doPrice, wholesale, refined (Chicago).. -dol. per l b _ _Production (inspected slaughter) thous. of lb_.Stocks, cold storage, end of monthd" do

POULTRY AND EGGSPoultry:

Price, wholesale, live fowls (Chicago). -dol. per lb_.Receipts 5 markets thous. of IbStocks cold storage, end of month cT_ __ _ _ d o _ _

Eggs:Dried, production* doPrice, wholesale, U. S. standards (Chicago)*

dol. per doz__Production! millionsStocks, cold storage, end of month :d"

Shell thous. of casesFrozen thous. of lb_.

MISCELLANEOUS FOOD PRODUCTS

Candy, sales by manufacturers thous. of dol_.Cocoa or cacao beans:

Imports^ long tons-Price, wholesale, accra (N. Y.)§ dol. per lb_

Coffee:Clearances from Brazil, total thous. of bags.-

To United States doImports § - - doPrice, wholesale, Santos, No. 4 (New York)

dol. perlb.-Visible supply, United States thous. of bags_.

Fish:Landings, fresh fish, 4 ports thous. of IbStocks, cold storage, end of month do

Sugar:Cuban stocks, raw, end of month^

thous. of Span, tons..Onited States:

Deliveries and supply (raw value): *Deliveries, total short tons

For domestic consumption doFor export do

Production and receipts:Entries from off-shore areas doProduction, cane and beet do

Stocks, raw and refined, end of monththous. of short tons..

' Revised. 1 No quotation. ©Prices since Nov2 January- April 1948 total, including corrections fc

2,270

22.24

14.4

1,713128

21.620)

911,625

79767

'62

34, 072

.376705, 739144, 538

60, 1839,563

758, 646

15, 079

.654

.531561, 155364, 531

28, 728.198

144,207148, 663

.27533,063

187, 717

14, 014

.409r 6, 129

3,452202, 245

52,005

18, 859.282

756225973

.2371,222

34, 86879, 733

r 3, 841

' 522, 779' 484, 416

r 38, 363

655, 18616, 512r 1, 605

ember 194(r months ]

2,329

22.06

12.6

1,982134

24.260)

631,490

77269

50

28, 532

.408670, 038114, 568

54, 8239,348

756, 848

4,651

.572

.529556, 305352, 814

22, 007.165

146, 690175, 269

.24434, 800

171, 260

14,163

.4145,202

4,203237, 303

43,684

20,376.301

1,057545776

.2531,132

45, 80590, 158

3,642

998, 180986, 41111, 769

544, 24334, 590

1,148

5 are not t3rior to Af

2,206

22.11

11.7

1,677166

22.750)

521,509

74367

40

18, 424

.434702, 877101, 732

53, 1728,085

753, 173

1,955

.598

.552550, 620331, 746

23, 041.182

148, 100193, 736

.24040, 474

174, 627

9,113

.4344,539

4,268241, 573

36, 258

13, 627.327

912564

1,069

.2561,000

47, 716110, 611

2,991

826, 310778, 97847, 332

719, 95638, 992

1,106

trictly cor)ril, 248,372

1,774

23.74

11.1

1,688283

20.2521.31

621,289

63659

36

15,263

.469650, 486106, 179

52, 0077,837

586, 369

4,651

.641

.593438, 482264, 124

34, 804.176

108, 114162, 565

.23537, 316

183, 024

1,324

.4223,832

3,807234, 434

42, 059

19, 598.345

1,4521, 0181,153

.2641,056

59, 746132, 930

2,591

800, 184792, 920

7,264

605, 07586, 749

1,001

nparable vtons; corr

1,942

26.66

11.3

2,452556

22.5022.60

811,356

50656

29

23, 898

.482749, 02792, 781

60, 0436,645

547, 045

2,905

.664

.622417, 926195, 896

43, 420.232

94, 015125, 579

.24251, 774

205, 653

184

.4503,383

2,804216, 762

63, 089

17, 513.404

1,5701,1171,818

.2721,128

53, 707135, 870

2,238

740, 720730, 790

9,930

465, 489132, 019

861

nth earlierected mon

2,305

27.81

12.4

2,871677

22.6221.05

621,556

48051

27

8,400

.466792, 883112,290

69, 89111, 893

683, 312

2,412

.589

.564539, 982187, 971

38, 286.285

111,61990, 437

.23661, 637

277, 870

226

.4643,457

1,818189, 596

84, 539

12, 645.495

1,412903

1,870

.2701,288

57, 437140, 070

1,121

902, 939887, 34715, 592

459, 202634, 233

911

data; figubhly figure

3,303

24.96

11.1

1,833393

22.7520.98

521,740

63558

31

5,983

.466707, 751151, 856

60, 79017, 280

971, 957

3,228

.551

.480759, 222304, 851

33, 522.302

154, 63973, 377

.21678, 087

317, 112

330

.4553,291

824164, 673

76, 085

12, 625.510

1,5951,1381,515

.2721,110

31, 361142, 102

813

586, 012580, 194

5,818

443, 968636, 444

1,407

re for Nov5 are not a

3,771

26.31

10.5

1,587131

24.0820.53

391,918

98071

42

2,360

.468709, 306196, 252

61, 94320, 317

1, 147, 168

2,400

.577

.456867, b96527, 159

23, 210.290

204, 084113, 286

.24068, 856

317, 463

162

.5173,746

196138, 192

73, 802

31, 858.430

1,5501,1732,157

.2681,369

28, 519133, 844

215

378, 341366, 5.7511, 766

384, 783485, 709

1,904

rniber 1946vailable.

3,272

26.71

10.9

1,42881

25.0021.78

351,7621,130

74

50

1,389

.479698,314193, 316

60, 10719, 294

1, 003, 276

1,756

.612

.482745, 581659, 309

23, 143.292

188, 171133, 513

.26528, 083

293, 640

552

.4414,338

269122, 438

61, 994

18, 415.436

1,4331,0892,055

.2661,144

18, 227112, 046

455

343, 020337, 591

5,429

81, 968144, 172

1,808

, comparalill -U- _ U _

2,305

22.25

11.2

1,25564

23.0020.44

411,3231,168

71

65

1,467

.419541, 914178, 541

55, 85916, 971

724, 834

3,216

.538

.471531,423700, 114

25, 544.239

141, 384137, 416

.26022, 385

262, 374

1,029

.4344,723

374120, 665

65, 094

39, 151.436

1,220760

1,884

.2641,183

26, 16490,491

1,645

388, 071382, 930

5,141

359, 25968, 262

1,880

Die with la

2,309

21.40

10.3

1,25965

21.5019.47

691,2991,097

67

70

9,165

.436563, 238154, 411

55, 04914,890

680, 771

3,430

.561

.523,506, 096661, 399

47, 530.238

127, 736129, 028

.28025, 275

205, 745

1,781

.4326, 093

1,165143, 253

67, 698

32, 147.394

1,285742

1,884

.2641,111

44, 18576, 743

2,911

572, 746565, 503

7,243

566, 62759, 875

1,950

ter date is

2,462

19.79

9.4

1,21169

24.0021.61

251,197'990'56

'68

1,050

.468527, 314120, 898

47, 601' 9, 106

621, 675

1,794

.569

.536473,317

r 606, 827

16, 328.250

108, 165' 138, 924

.29826, 614

' 153, 424

3,213

.4296,304

r 3, 091' 195, 954

56, 189

17, 460.354

1,413979

1,211

.266952

r 68, 268

3,134

552, 391557, 910

4,481

445, 309(2)

1,843

$0.545.

2,660

20.15

9.1

1,382106

28.7522.67

1,22885253

49

.500503, 226103, 821

42, 0398,288

682,325

.576

.545514, 718584, 973

.243122, 340152,634

.29231,221

118,391

5, 541

.4105,992

4,896250, 797

46, 075

.332

1,6051,118

.270948

85, 601

3,810

557, 475553, 807

3,668

512,51025, 260

1,782

§ Data continue series shown in the 1942 Supplement but suspended during the war period; unpublished data beginning October 1941 will be shown later.cfCold storage stocks of dairy products (p. S-27) meats, poultry, and eggs include stocks owned by the U.S. Dept. of Agriculture and other Government agencies, stocks held for Armed

Forces stored in warehouse space not owned or operated by them and commercial stocks; stocks held in space owned or leased by the Armed Forces are not included.<8>See note in May 1946 regarding changes in the indicated series made in that issue and an earlier change beginning June 1944.• Data are from the U. S. Department of Labor. Quotations since July 1943 have been for U. S. Standards; they are approximately comparable with earlier data for fresh firsts.1 For data for December 1941-July 1942 see note in November 1943 Survey.*New series. Data for 1927-43 for dried eggs are on p. 20 of the March 1945 Survey. See note in April 1945 Survey for description of the new sugar series.fRevised series. The hog-corn ratio has been shown on a revised basis beginning in the March 1943 Survey; revisions for 1913-41 will be shown later. See p. S-27 of the August 1943 Survey

for 1941-42 revisions for feeder shipments of sheep and lambs and p. 24 of June 1947 issue for 1940-45 revisions for egg production.JData include Army civilian supply exports (see note marked "§" on p. S-20).




1947

May June July Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary



MISCELLANEOUS FOOD PRODUCTS— Con.

Sugar— ContinuedUnited States— Continued

Exports refined sugar §c? short tonsImports: §

Raw sugar, total - doFrom Cuba do

Refined sugar, total _ _ _ doFrom Cuba do

Receipts from Hawaii and Puerto Rico:Raw doRefined - - - do

Price, refined, granulated, New York:Retailt dol. per lb__Wholesale do _ _

Tea imports S thous of Ib

TOBACCOLeaf:

Exports incl scrap and stems $c? thous. of IbImports incl scrap and stems § doProduction (crop estimate) mil. of IbStocks, dealers and manufacturers, total,

Domestic:

Fire-cured and dark air-cured doFlue-cured and light air-cured doMiscellaneous domestic do

Foreign grown:vulgar ied.1 ,

Manufactured products:Consumption (withdrawals):

Cigarettes (small):Tax-free* - - millions, .Tax-paid - do

Cigars (large) tax-paid _ thousandsManufactured tobacco and snuff, tax-paid

thous. of lb_-Exports cigarettes §c? - -- millionsPrice, wholesale (list price, composite) :

Cigarettes, f.o.b., destination dol. per thous.-Production, manufactured tobacco, total

thous of IbFine-cut chewing doplug do

Smoking doSnufT - - doTwist do

32, 146

300, 783300, 782

45, 96445, 964

182, 95623, 795

.095

.0812,508

23, 1024,848

2,96625, 068

473, 968

16,1111,094

6.509

16,473295

1,9793,0817,5763,198

344

16, 730

360, 344360, 34461, 22661, 226

234, 1113,162

.096

.0814,826

39, 1565,624

3,187

370243

2,4133

36122

2,26929, 097

432, 527

18, 7922,294

6.509

18, 357326

3,0013,2118,5003,007

312

29, 602

388,185388, 184

34, 94034, 940

180, 09516, 655

.095

.0813,438

30, 3965, 592

2,33329,549

439, 108

21, 0081,619

6.509

21, 266303

4,7563,4679,3452,968

427

18, 451

346, 484346, 48433, 88933, 889

222, 06710, 227

.095

.0821,275

28, 7245,258

2,52829, 060

466, 511

22, 1841,685

6.509

22, 629306

5, 0023,661U, 8813,341

440

8,222

257, 629257, 62613, 00913,009

214, 5904,750

.098

.0824 597

47, 8025 864

3,334

338216

2 6333

34110

2,70629, 204

483, 288

24, 7061,937

6.509

24, 233332

4,8923,975

10,8493,719

466

15, 191

275,544275, 54323, 47723, 477

169, 9576,550

.097

.0825,487

59, 4066,720

3, 52733, 237

587, 880

25, 9092,107

6.509

26, 251366

5,1434,426

11,6834,101

533

8,914

283, 839282, 514

7,2047,204

77, 7522,000

.098

.0826, 665

40, 9055,808

. 2, 53627, 333

495, 401

18,1441,860

6.509

18, 816298

3,8683,4657,8882,883

414

20, 151

384, 959341, 283

7,4977,497

33, 1063,000

.098

.0825,429

46, 0144,007

r 2 2, 108

3,800

318210

3,1143

32123

2,99724, 799

446, 719

15, 6832,140

6.509

17, 283330

3,2213,2006,9983,130

404

4,237

60, 78433, 9102,8442,083

27, 3084,628

.098

.0807,863

23, 6017,713

3,21327, 278

461, 398

19, 5872,000

6.509

19, 232363

3,5163,3838,0173,489

464

5,544

274, 977251, 18726, 70924, 782

63, 9036,473

.093

.0777,105

33, 6015,725

3, 57823, 349

460,141

18,0712,365

6.509

18, 549334

3,5223,1837,7913,265

454

9,305

384, 684363, 97826,29525, 711

92, 00225, 866

.093

.0766,491

19, 1947,153

3,812

351287

3,0153

30127

3,19729,154

470, 099

20, 2222,349

6.509

21, 055322

3,9103,5608,9103,879

473

3,936

210, 620204, 96551, 23249, 787

.093

.07612, 079

27, 7867,075

2,42232, 036

449, 504

21, 8211,417

6.509

.092

.075

2,36328, 498

444, 491

19, 024

6.509

LEATHER AND PRODUCTS

HIDES AND SKINS

Livestock slaughter (see p. S-28).Imports total hides and skins § thous of Ib

Calf and kip skins thous of piecesCattle hides doGoatskins doSheep arid^ lamb skins do

Prices, wholesale (Chicago):Hides, packers', heavy, native steers.. dol. per lb_.Calfskins packers' 8 to 15 Ib do

LEATHERExports: §

Sole leather:Bends backs and sides thous of IbOffal including belting offal do

Upper leather thous of sq ftProduction:

Calf and kip thous. of skinsCattle hide _ . _ thous. of hidesGoat and kid thous. of skinsSheep and lamb _ _ _ do

Prices, wholesale:Sole, oak, bendsf dol. perlb..Chrome, calf, B grade, black, composite

dol. per sq. ft_.

LEATHER MANUFACTURES

Gloves and mittens, production, total*thous. doz. pairs. .

Dress and semi dress, total doLeather doLeather and fabric combination do .Fabric do

Work, total do _Leather. .doLeather and fabric combination. _ doFabric do

14, 0173551

3,0392,013

.223

.534

14859

3,761

1,0112,4733,0372,631

.593

1.007

2,286510893

4181,776

94221

1,461

11, 9912730

4,2831,386

.231

.638

16973

3,183

1,0492,2433,2732,472

.593

1.069

2,089504894

4121,585

103206

1,276

17, 4902338

3,4215,410

.262

.660

29201

2,722

8872,1313,2972,486

.602

1.214

8,5232842

3,0763,806

.295

.619

144245

2,954

1,0692,2692,9853,169

.637

1.218

8,9509429

2,686946

.301

.625

135129

2,674

1,1062,3103,3633,501

.66231.203

6,3921,557

33426

1 1974,835

273633

3,930

13. 52779

1422,9331,304

.343

.669

244235

3,285

1,1252,6383,7753,647

.750

3 1. 246

18, 56182

1863, 5732,872

.375

.756

11695

2,943

8992,3712,8783,094

.808

3 1. 324

31, 447102453

3,6491,203

.359

.745

5253

1,970

9372,4183,3193,001

.813

31.324

7.4281.676

36821

1 2875,752

294761

4,697

58, 027310850

3,6402,709

.308

.650

4360

2,086

9122,4053,4072,782

.784

31.272

26, 21598

1875,8352,342

.257..415

32116

2,180

8342,3303,1882,934

.742

31.165

21, 24276

2744,2262,246

.222

.351

1972

1,789

818r 2, 268T 3, 540r 2, 892

.653

31.042

» 7, 212v 1, 453

v 277v 22

•P i 154v 5 760

P277P 754

* 4, 728

17, 26686

1133,5102,128

.248

.392

25118

2,019

8362,1693,4162,700

.632

3 1. 048

.272

.472

.676

31.055

' Revised. *> Preliminary. 2 December 1 estimate.3 Comparability of the data is affected beginning September 1947 by a change in grade for one reporting firm; September 1947 figure comparable with earlier data $1.223.t See note in March 1947 Survey with regard to a change in the series in January 1946.§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.* New series. For source and a description of the series for tax-free withdrawals of cigarette? and data beginning July 1943, see p. S-29 of the March 1947 Survey. The series for gloves and

mittens were first included in the May 1946 Survey; see note in that issue; data are collected quarterly only beginning the third quarter of 1947 (figures in the September and December 1947columns are totals for the quarters).

t Revised series. The price for sole oak leather beginning in the October 1947 Survey is for packers', steers bends, union trim tannery run, vegetable tanning; earlier data will be shown later.cfRevised to include Army civilian supply exports (see note marked "§" on p. S-20.




1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu- Febru-ary ary March April May

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES— Continued

Shoes and slippers:Exports! thous. of pairsPrices, wholesale, factory :cT

Men's black calf oxford _ _ dol. per pairWomen's plain black kid blucher__ _ __do_ _

Production, total^J _ thous. of pairsShoes, sandals, and play shoes except athletic,

total _ _ _ _ _ thous. of pairs.By type of uppers:

All leather doPart leather and nonleather do

Bykinds:f

Youths' and boys' _ _ _ do .Women's. _ do__._Misses' and children's- doInfants' and babies' do. __

Slippers for housewear _ _ doAthletic. _ _ _ do_ _Other footwear _ do

545

6.004.90

36, 404

33, 638

32, 1781,554

9,0781,373

16, 2794,3892,5192,257

365144

414

6.004.90

34, 131

31, 343

29, 8051,532

8,2971,495

15, 0694,0412,4412,272

301215

429

6.304.90

33, 870

30, 875

29, 7281,091

8,0531,521

14, 7683,9852,5482,512

308175

409

6.504.90

38, 982

34, 735

33, 4541,174

8,4491,607

17, 5484,2712,8603.676

363208

358

6.504.90

40, 826

36, 035

34, 7671,331

8,8121,587

18, 0534,5113,0724,186

395210

505

6.634.90

46, 765

40, 098

38, 7301,374

10, 3501,815

19, 2425, 2773,4145,936

492239

430

6.754.90

37, 982

32, 561

31, 2941,185

8,1921 526

15, 3284 5412,9744 894

351176

486

7.154.90

39, 849

35, 794

34, 4711,331

9,3061,556

16, 6935,0043,2353,539

349167

398

7.155.70

40 731

37, 899

36, 1181,816

9,2641,397

18, 4835 3503,4052 349

304179

519

7.155.70

40, 290

37, 346

35 1302,126

9,0881,223

18, 3715 2773,3872 464

298182

450

7.155.70

' 44, 852

' 41, 502

38, 9722,603

r 9, 951'1,284' 20, 372

«• 6, 0443,851' 2, 801

'365184

565

7.015.56

39, 426

36, 315

34, 2922,319

9,2581,254

16, 8975, 3933,5132,591

335185

6.605.15

LUMBER AND MANUFACTURES

LUMBER— ALL TYPES

Exports, total sawmill products§ M bd ftSawed timber§ doBoards, planks, scantlings, etc.§_ _ do

Imports, total sawmill products§ doNational Lumber Manufacturers Association:!

Production, total _ _ _ mil. bd. ftHardwoods doSoftwoods _. _ do

Shipments, total doHardwoods. _ _ doSoftwoods do

Stocks, gross, end of month, total. _ doHardwoods _ _ doSoftwoods do

HARDWOOD FLOORING

Maple, beech, and birch:Orders, new _ _ _ M bd ftOrders, unfilled, end of month doProduction. doShipments doStocks, end of month _ _ do

Oak:Orders, new _ _ doOrders, unfilled, end of month doProduction _ _ _ _ _ _ _ _ _ d oShipments... „ doStocks, end of month. _ do

SOFTWOODSDouglas fir:

Exports, total sawmill products§ M bd. f t _ _Sawed timber§ _ _ _ doBoards, planks, scantlings, etc.§ do

Prices, wholesale:Dimension, No. 1, common, 2" x 4" x 16'

dol. per M bd.f t-Flooring, B and better, F. G., 1" x 4", R.

L_ _ _ do! per M bd ftSouthern pine:

Exports, total sawmill products§ M bd. f t_ .Sawed timber§ _ _ . doBoards, planks, scantlings, etc.§ do_

Orders, newt mil. bd. f t _ -Orders, unfilled, end of montht-- d o _ _ _Prices, wholesale, composite:

Boards, No. 2 common, I" x 6" or 8" x 12'tdol. per M bd.ft .

Flooring, B and better, F. G., I" x 4" x 12-14'fdol. per M bd . f t_ .

Productiont mil. bd. ft—Shipments! doStocks, end of montht-- do

Western pine:Orders, newf-- doOrders, unfilled, end of montht __.doPrice, wholesale, Ponderosa, boards, No. 3 com-

mon, V x 8"_ dol per M bd ftProductiont mil. bd.' ftl"Shipmentst- _ doStocks, end of montht do

West coast woods:Orders, newf _ _ do_. —Orders, unfilled, end of month _ .doProductiont doShipmentst doStocks, end of montht--- do. .

162, 63334, 237

101, 01467, 685

3,333695

2,6383,141

6912,4505,4091,9813,428

5,37510, 1754,8504,8001,500

47, 70843, 12248, 70947, 8397,886

82, 59428, 01454, 580

62. 865

95. 040

25, 0813,623

21, 458793449

65. 694

133. 250954888

1, 464

543273

54.69679585933

606728672675485

r Revised. 1 See note marked t §Data continue series putIData include Government shoes not reported separately; t

uppers) ; revised data beginning 1944 for these series and additionthe distribution by kinds include, beginning May 1947, small amo

131, 79521, 33986, 56860, 598

3,139700

2,4392,803

5962,2075,7432,0853,658

5,90011, 3755,1254,8751,775

48,44444, 34046, 98545, 4358,797

61, 33216, 58344, 749

62.865

95. 040

22, 5913,444

19, 147834494

62. 656

132. 148833789

1,508

573415

54.36671569

1,035

531689622571534

)lished in the classifical revisionunts that c

131, 22620, 48086, 60573, 073

3,284746

2,5382.897

6602,2375,9612,1713,790

6,25012, 2255,5755,2752,050

59, 66368, 43955, 62953, 5799,370

67, 12817, 19049,938

62.865

101. 970

21 , 8831, 952

19, 931962570

63. 462

130.910878886

1,500

599490

55.23711614

1,132

605852635455545

he 1942 Suations by '.s indicatedannot be d

156,60722, 69297, 44796, 768

3,279796

2,4833,269

7762,4936,0482,1913,857

6,50013, 3255,5505,5751,950

57,67858, 06457,99658, 1268,314

74, 43219, 72754,705

64.845

104. 940

16, 5342,214

14, 320981641

67. 978

134. 279861910

1,451

650544

56. 23718645

1,205

632845593632583

oplement 1dnds werein note inistributed

125, 14016, 85488, 788

118, 356

3,256767

2,4893,318

7412,5776,0782,2173, 861

6,07513,8755,8255,4752,425

53, 53560, 19562,69660, 8008,045

74, 52114, 57859, 943

67. 815

111.870

8,9201,4727,448

857626

71. 127

138. 150799S72

1,378

618568

59. 01680621

1,264

730804689765599

)ut suspenrevised inthe Septerto the all 1

102, 56915,01871, 930

148, 984

3,325773

2, 5523,360

8022,5586,0402,1883,852

7,15014, 4757,1506,5003,000

61, 54957, 62669, 62366, 69710, 971

54, 65113, 14941, 502

67.815

111. 870

12, 7531,656

11,097860573

73.311

141. 139876913

1,341

594595

61.23676629

1,311

694801678695579

ded duringthe Octobenber 1947' feather and

109, 79922, 33771, 538

128, 161

2,917726

2,1913,164

7792,3855,8012,1353,666

6,05014, 6505,5505,7252,675

47, 64652, 75156, 66755, 78410, 704

68, 22520. 77647; 449

67.815

111.870

8, 7151,4357,280

693545

74. 521

146. 731676721

1,296

534604

63.22514561

1, 264

708721709795501

the war pjr 1947 SunPurvey wilpart leatt

' 72, 913' 14, 068r 51, 172173, 460

2,763650

2,1132,844

6412,2035,5572,0183,539

5,97514, 7756,1505,3003,450

49,39751, 13557, 88651, 01316,086

45, 94613, 39832,548

70.587

116.820

7,738783

6,955690501

78. 316

149. 273755734

1,317

587526

61.68517567

1,217

572659575626442

eriod.êy to inclibe publis

ler and no

73, 41415, 43250, 158

129, 394

2,719682

2,0372,788

6722,1165,7392,1403,599

7,57515, 8006,3006,6003,250

62,05754, 45561, 15261, 89414, 605

48, 87514,01534, 860

67. 815

110. 880

6,5271,4025,125

797574

78. 594

150. 326708724

1,301

i ' 504i 5bl

63.55i '388i ' 469

i r 1, 136

687695670649462 1

ide all typbed later,nleather cl

57, 35911,84037, 974

142, 761

2,480631

1,8492,623

6971,9265,6012,0743,527

6,60016, 5756,2505,9253,550

56, 81458, 12957, 95557, 07815, 482

32, 89310, 40322, 490

64. 350

104. 940

7,5851,3926,193

579522

77. 728

150. 326581631

1,251

441576

64. 45384426

1,094

622675630618477

es (leatherThe total

assification

75, 10211, 39055, 022

181, 504

3,022714

2,3083,020

7492,2715,6042,0403,564

7,17517, 3506,5256,5753,650

59, 98855, 32064, 99162, 79715, 626

47, 40810, 26237, 146

64.350

104. 940

7,209953

6,256775508

77. 461

152.019827789

1,289

553648

66.16467481

1,080

680616715711482

, part leat3 for shoess.

56, 8588, 323

41, 669145, 949

r 3, 035703

2,3322,997

7382,2595,7732,0083,765

6,17517, 5756,8006,2254,275

64, 78459, 39767, 54165, 22617, 941

31, 1077,042

24, 065

70.042

116. 078

8,6201,1477,473

778489

77. 007r 152. 164

860797

1,352

500654

66.36515493

1,102

769742633654590

her, and r, sandals,

3,089674

2,4153,077

7522,3255,8051,9313,874

5,95017, 2256,2005,9254,475

60, 29360, 81965, 61663, 44919, 654

74. 250

127. 215

790474

75. 325

152.164894805

1,441

587685

67.66588557

1,131

660754572634550

lonleatheretc., and

<£Data continue series published in the July 1944 and earlier issues of the Survey; see note in August 1947 Survey for data for June 1944-May 1946 "T ' 1

1n(S,seiTu- ?ue not£ mark(;d "J" above regarding revision of the shoe series and note in February 1946 Survey explaining revision in the Southern pine price series. Data beginningJanuary 1946 for the other indicated lumber series (with the exception of Southern pine orders and stocks and Western pine stocks), as published prior to the March 1948 Survey, have beenrevised to adjust the monthly series to Census annual production figures for 1946, and there have been unpublished revisions in the earlier data for the lumber series as indicated in notes in the

i the back cover of the FebruaryT in 2 Oregon counties. Data for


S-32 SUEVEY OF CUREENT BUSINESS July 1948


1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


LUMBER AND MANUFACTURES—ContinuedSOFTWOOD PLYWOOD

Production* thous. of sq. ft., Y%" equivalentShipments* doStocks, end of month* . do _

142, 409141,98035, 424

140, 147142,81731. 345

107, 588102, 04236, 332

139,398137, 68937, 036

147, 823146, 99338, 070

170, 769162, 05943, 973

145, 370149, 19740, 524

150,853159, 00531,509

159,395153,01737, 755

156, 666155 87839, 323

185, 716184, 44339, 879

164, 862162, 97540, 435

150, 717150, 05440, 668

METALS AND MANUFACTURES

IRON AND STEEL

Foreign trade :§Iron and steel products (excl. advanced mfrs.):

Exports (domestic), total short tonsScrap 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:*Production thous. of long tonsShipments doStocks, end of month do

Lake Superior district:Consumption by furnaces. do _.Shipments from upper lake ports doStocks, end of month, total _ _ _ do _.

At furnaces doOn Lake Erie docks _ _ _ do _

Imports§ doManganese ore, imports (manganese content) §

thouq of long tons

Pig Iron and Iron Manufactures

Castings, gray iron:*Shipments, total thous. of short tons.

For sale doUnfilled orders for sale.. do _.

Castings, malleable iron:d"Orders new for sale short tonsOrders, unfilled, for sale _ _ doShipments total do

For sale -_ do_ _ -Pig iron:

Consumption* thous. of short tonsPrices, wholesale:

Basic (furnace) do1, per long ton-Composite doFoundry, No. 2, f. o. b. Neville Island*. -do

Production* thous. of short tonsStocks (consumers and suppliers'), end of month*

thous of short tons

Steel, Crude and Semimanufactures

Steel castings:!Shipments, total short tons__

F o r sale, total _ _ _ d oRailway specialties do

Steel forgings, for sale:*Orders, unfilled, total _ do

Drop and upset doPress and open hammer do_ _

Shipments, total . _ _ _ _ _ ._ d oDrop 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, rerolling (Pittsburgh)

dol. per long ton__Structural steel (Pittsburgh) dol. per lb__Steel scran (Chicago) dol. per long ton__

657, 92418, 17515, 7282,184

5,2922,7442,5484,0821,1332,949

10, 98111, 7558,438

6,88510, 37317, 61815, 5412,078

439

46

1,097633

2,783

29, 006262, 117

75, 48842, 304

4,982

33.0033.8133.505,081

748

140, 874103,77928, 850

662, 579544, 058118, 521115,74385, 72930, 014r 7, 339

95

.0329

42.00.025029.25

630, 73129, 57919, 4003,410

5,1842,5602,6244,0671,3032,764

11, 64312, 4997, 582

6,50011,45721, 74619, 5942,152

479

38

1,038597

2,711

31, 972248, 798

78, 52445, 291

4,842

33.0033.8133. 504,810

769

139, 031103, 88831, 879

633, 467519, 760113, 707110,44680, 76129, 685

r 6, 97893

.0329

42.00.025030.88

571, 77720, 52821, 7332,426

4,7522,3842,3684,0961,2572,839

13, 12714, 0696,608

6,15612,61428,44025, 6772,764

576

56

913519

2,675

26, 591234, 65664, 16240, 733

4,507

34.2035.0834.704,585

887

116,95685,01421, 280

630, 925529, 817101, 10892, 35270,31622, 036

' 6, 57985

.0329

42.60. 025636.95

r 568, 87910, 71715, 2693,917

4,8262,5612, 2654,3691,2953,074

12,81913,5335,895

6,63812, 12233, 89630, 3973,499

597

48

952551

2,631

33, 208229, 70862, 39538, 156

4,850

36.0037.2]36.504,917

831

120, 40588, 71922, 584

626, 227526, 39299, 83598, 00969, 63928, 370

'6,99190

.0360

45.00.028039.88

579, 19115, 05314, 9531,828

4,8982,4602,4384,5251,4363,089

11,33611,8655,367

6,49210,68538, 37034, 065

4,305580

45

1,025591

2,680

28, 706218, 27671, 56840, 138

4,745

36.0037.2136.504,801

828

137,457102,91332, 967

617,247518, 26198, 986

108,80479,21929, 585

r 6, 79791

.0360

45.00.028038.75

r 650, 98027, 09413, 5792,025

5,4842,8652,6194,4891,4753,014

10, 10810, 7804,695

7,1519,785

41, 64136, 8524,789

573

42

1,154654

2,669

40, 105210, 67583, 97647, 706

5,254

36.0037.2836.505,228

769

148, 358111,28830, 452

593, 838494, 933

98, 905123, 83091, 22832, 602r 7, 570

98

.0360

45.00.028040.50

r 614, 82314, 05718, 4086,884

5,1762,6432,5334,4491,4423,007

6,0436,3064,432

7,0685,877

43,01038, 1954,816

451

44

1,020562

2,687

35, 804206, 51072,11139, 969

4,912

36.0037.3236.505,015

759

130, 12597, 14325, 835

585, 818492, 80893,010

103, 74076, 83926, 901r 7, 242

r97

.0360

45. 00.028039.13

r 630, 26426, 70218, 9343,789

5,3062,7222,5844,3161,4162,901

2,9721,8795,528

6,970537

36, 09531, 749

4,346297

25

1,066588

2,782

39, 940202, 408

77, 75744, 042

5,057

36.2037.5336.505,177

838

148, 124110, 97034, 919

593, 660495, 94797, 713

116, 79886, 91129, 887

' 7, 37695

.0360

45.00.028038.90

557, 45214, 70121,3235,149

5,2942,7892,5053,9761,2842,692

2,7571,4966,790

7,0570

29, 08125, 2053,877

337

83

1,064584

2,803

49, 159205, 75977, 74445, 808

5,167

38.8840.2839.505,128

794

141, 068108, 28235, 129

618, 155517, 307100, 848118, 53489, 67728, 857

7,47394

.0368

45.00.028039.56

508, 59821, 78415, 2454,219

5,0822, 6402,4423,9361,1962,740

2,6861,4818,009

6,4410

22, 62819,4123,216

269

50

1,024571

2,769

46, 270209, 44775, 19442, 582

4,762

39.0040.6339.504,780

799

142, 434107, 76234, 800

630, 860523, 319107, 541116, 67686, 59230, 084

6,94093

.0373

47.701 r . 0293

39.13

516, 77722,01145, 67219, 973

5,8752,8902,9854,0641,1612,903

3,0191,7079,186

6,6340

16, 02213, 7612,262

379

68

1,169660

2,726

43, 921203, 35186, 76750, 017

5,049

39.0040.6339.505,020

780

162, 891125, 55041, 876

641, 110525, 543115, 567131,11195, 00836, 103

7,60895

.0376

50.40i . 0305

38.95

468, 18028, 98648, 79815, 803

5,2172,4452,7724,5711.1963,375

8,6879,4858,388

4,9767,677

17, 12515, 1721, 953

403

48

1,051585

2,691

42, 168199, 57880, 60245, 941

3,958

39.0040.6339.503,840

688

150, 305114, 89636, 079

628, 123513, 980114, 143114, 31479, 65134, 663r 6, 218

80

.0376

50.40i. 030539.19

6,65611, 60922, 05819, 8852,173

993556

2,602

34, 236191, 55376, 07942, 261

39.0040.9739.505,077

143, 337111,61639, 275

623, 620509, 576114, 044108, 54675, 98332, 563

7,56095

.0368

50.40J.030039. 25

r Revised. 1 Specifications for the series were revised in February 1948; however, the January 1948 price on both the new and old basis is $0.0280.cfSince May 1944 the coverage of the malleable iron castings industry has been virtually complete; see note in the February 1947 Survey for further information.§Data continue series shown in the 1942 Supplement but suspended during the war period (it should be noted that data for iron and steel are shown in long tons in that volume); data for

October 1941-September 1946 for total imports of iron and steel products and for October 1941-February 1945 for other series will be published later. The 1945-46 data for imports of iron andsteel products shown in the November 1947 Survey and earlier issues erroneously include ores and alloying metals other than ferroalloys.

JFor 1948, percent of capacity is calculated on annual capacity as of Jan. 1,1948, of 94,233,460 tons of steel; 1947 data are based on capacity as of Jan. 1,1947, 91,241,000 tons.*New series. For data beginning September 1941 for softwood plywood see p. 16 of the September 1944 Survey. For description of the series on scrap iron and steel and 1939-40 data, sea

note marked "*" on p. S-29 of the November 1942 Survey. The series for iron ore, all districts, are from the Department of the Interior, Bureau of Mines, and cover the entire industry, monthlydata beginning 1943 and earlier annual totals will be shown later. Data for 1943-45 for gray iron castings are shown on p. 24 of the January 1947 Survey. For pig iron consumption and stocksfor 1939-40 and a description of the series, see note marked "*" on p. S-29 of the November 1942 Survey. The series on pig iron production is approximately comparable with data in the 1942Supplement (data in that volume are in short tons instead of long tons as indicated); see p. S-30 of the May 1943 Survey for further information and data for 1941-42. The pig iron price seriesreplaces the Pittsburgh price shown in the Survey prior to the April 1943 issue. For 1945 data for steel forgings see note on p. S-32 of the March 1947 Survey; data for total shipments, includingshipments for own use, and steel consumed have been discontinued.

tRevised series. Data for steel castings are estimated industry totals; see note on p. S-32 of the July 1946 Survey for comparable figures beginning January 1945.




1947

May June July A««^ 1 temper October Novem-ber

Decem-ber

1948

Janu-ary


METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Steel, Manufactured Products

Barrels and drums, steel, heavy types:®Orders, unfilled, end of month thousands. _Production -doShipments doStocks, end of month _ . do

Boilers, steel, new orders:?Area thous. of sq. f t _ _Quantity number

Cans, metal (in terms of steel consumed):*Shipments (for sale and own use), total

short tonsFood -doNonfood do

Shipments for sale doCommercial closures, production* millions. _Crowns, production* thousand gross. _Steel products, net shipments:©

Total thous. of short tons. .Merchant bars doPipe and tubes do _ _Plates _ . doRails ___doSheets ._. doStrip — Cold rolled . - do

Hot rolled doStructural shapes, heavy _ _ _ doTin plate and terneplate doWire and wire products __do

NONFERROUS METALS AND PRODUCTS

Aluminum:Imports bauxite! long tonsPrice, wholesale, scrap castings (N. Y.)

dol. per lb__Aluminum fabricated products, shipments, total*

mil. of lb_.Castings* doWrought products, total* do

Plate, sheet, and strip* doBrass sheets, wholesale price, mill ,,dol. per lb__Copper:

Imports total § doFor smelting refining and exports doFor domestic consumption total§ do

TJnrefined including scrap § cloRefined§ do

Price, wholesale, electrolytic (N. Y.)_.dol. per lb_.Production:cT

Mine or smelter (including custom intake)short tons__

Refinery doDeliveries, refined, domesticd" _ do. _Stocks, refined, end of monthc" do

Lead:Imports total except mfrs (lead content) § doOre (lead content):

Mine production* doReceipts by smelters, domestic ore :cf do

Refined:Price, wholesale, pig, desilverized (New York)

dol. per lb_.Production, totalcf short tons.,

Primaryf doShipmentsd71 - doStocks, end of monthc? do

Tin:Im ports :§

Ore (tin content) long tonsBars, blocks, pigs, etc . _ _ . _ _ . do_ _

Price, wholesale, straits (N. Y.) dol. per lb_.Zinc:

Imports, total (zinc content) § short tons..For smelting, refining, and export§ __doFor domestic consumption :§

Ore (zinc content). doBlocks, pigs etc - - - . do

Mine production of recoverable zinc* doSlab zinc:

Price, wholesale, prime Western (St. Louis)dol. per lb_.

Productionc? _ _ _ short tons..Sbipmentscf do

Domesticd1 . ... do. _Stocks, end of monthcT do

14, 370' 2, 309' 2, 312

21

1,4281,212

' 207, 218' 145, 697' 61, 521165, 095

r90825, 058

5,442561535579204

1,274142150382305425

189, 615

.0667

144.137.4

106.881.7.293

14, 02140. 1383,233

36, 90525, 09911, 806.2211

91, 275108, 536118, 12084, 560

18, 113

82, 77234, 269

.150053,82249, 98450, 48247, 233

1,40954

.8000

27, 2166,367

13, 9406,609

57, 902

.105073, 97070, 80358, 827

166, 864

13,612«• 2, 255p 2, 253

23

1,9041,345

' 232, 618* 168, 070

r 64, 548193, 281

'75624, 261

5,264501527563205

1,225138141364308407

173, 706

.0444

124.833.091.970.5.300

17, 25452, 5274,115

48, 41232, 99315,419.2135

82, 334103, 474116, 67882, 542

23, 058

32, 45233,688

.150045, 23541, 50554, 62737, 836

694443

.8000

31, 60111, 534

15, 2284,839

60, 879

.105070, 99063, 52752, 390

174, 327

13, 2552,1882,185

26

1,6201,563

' 309, 629r 235, 476' 74, 153275, 541

••69127, 377

4,975493480464199

1,181116131357324335

181, 999

.0440

121.730.291.472.1.296

14 56937, 5243,519

34, 00518, 79615, 209.2123

79, 15294, 610

109, 82277, 773

13, 030

29, 10631, 877

.150046, 01242, 53651, 98931, 290

2,5963,406. 8000

41, 0309,025

26, 4065,599

46, 526

.105069, 12859, 73744, 801

183, 718

12, 3402,2082,212

22

1,4341,452

' 387, 784r 314, 628

r 73, 156344, 236

••79927, 229

5,278534517540190

1,199136135371336393

164, 098

.0600

132.230.4

101.882.5.296

21, 60644, 1852,492

41, 69324, 67917, 014.2123

83, 30188, 12296, 37477, 212

21, 099

30, 59732, 271

.150046, 40943, 72546, 64631, 048

8,3502,105.8000

29, 3648,430

17, 8423,092

47, 700

.105066, 85289 31452, 122

161, 256

11, 2942,2102,201

31

1,2451,417

r 354, 681r 277, 968' 76, 713310, 937

'86730,019

5,119484497495182

1,224136.142360304410

163, 480

.0617

155.135.9

119.398.1.296

18 33741, 5963,338

38, 25826, 62011, 638.2123

83,92292, 14695, 64080, 113

14 261

30, 64732, 081

.150046,82743, 54543, 48334, 385

2,9896,470.8000

22, 0611,510

14, 9535,598

46, 817

.105067, 86792 54950 558

136, 574

10, 9462,3042,305

29

1,1671,331

•• 279, 448r 193, 638' 85, 810240, 670

r96332, 869

5,682555550589214

1,343151157399349454

118, 658

.0625

187.140.5

146.9120.4.296

19 29544, 0455,286

38, 75918, 51520, 244.2121

76, 815108, 277112,31074, 507

14, 132

32, 51233, 780

.150050, 24846, 91956, 24728, 370

1,7453,429.8000

33, 645562

27,2955,788

50, 296

.105071, 745

129 04657, 56479, 273

10, 4502,0642,075

18

1,2021,176

' 21 3, 904•• 136, 427

r 77, 477182, 342

r 75030, 872

5,217494534513209

1,264126137353328400

134, 148

.0625

167.834.7

133.2108.0.296

22 49736, 8024,864

32, 03821, 69410, 344.2120

72, 53497, 525

106, 23266, 622

27, 416

30, 61831, 600

.150051, 48147, 90355, 03424, 809

1,4392,443.8000

19, 1405,659

9,1604,321

48, 332

.105069, 68279 78959 15469, 166

12, 4612,3882,385

21

1,3881,276

' 253, 594>• 169, 103

r 84. 491222, 797

82928, 430

5,613521558591211

1,352134149380370405

133, 995

.0670

175.637.5

138.1110.3.296

r 18 29954, 5131 251

53, 26229 61223, 650.2120

80, 954108, 816113, 44676, 035

23 706

30, 56734, 797

.150049, 33745 53852, 35421, 787

2 5664,855.8539

33, 41510, 392

12, 93910 08447, 790

.105070 99672 15161 25868,011

12, 1912,2362,239

18

1,1091,103

216, 530134, 67181, 859

181, 414818

29, 459

5,410521541530201

1,384146146334267429

217, 602

.0711

177.537.9

139.6109.7.296

r 18 01330, 435

030, 43513, 04117, 394.2120

82, 427102, 314118, 85571, 533

15 784

33, 30632, 019

.150050, 82147, 42151, 95820,645

2 2014,653.9400

12, 660121

7,9584 581

48, 124

.1108r 72 776r 86 000r 66 174r 55, 423

11, 8892,1002,098

20

1,5321,219

202, 537125, 78276, 755

169, 987868

28,002

5,046518519538172

1,198127136324247396

153, 706

.0725

173.938.0

136. 0105.7.302

18 29746, 6382,825

43, 81322, 34621, 467.2120

82, 95993, 588

106, 82370, 146

26 718r 32, 407

32,414

.150043, 59840, 40047, 20017, 034

3 6681,539.9400

22, 6176,240

10, 5805 797

47 612

.1200r 67 917r 74 697r 63 592r 48^ 643

11, 5282,5312,516

34

1,6771,287

' 207, 726r 134, 447

73, 279r 169, 069

1,01232, 454

5,979560613630206

1,410158141382393449

217, 907

.0725

200.941.8

159.1126.7.302

15 04346, 982

' 046, 98226, 00920, 973.2120

r 83, 909110,886122, 98868, 582

20 873r 35, 802

34, 185

.150060,09346 57952, 28714, 837

3 5952 294.9400

21 6632 070

10, 4879 106

r 54 545

.1200r 74 322r 77 334r 65 334' 45', 631

11,4712,2812,290

24r 1, 608T 1, 340

208, 587143, 18365, 404

164, 636980

29, 356

5,096481518528145

1,310148132302310395

161, 961

.0741

177.238.3

139.0106.7.302

23 27237, 727

78336, 94417, 98018, 964.2120

88, 741104, 044116, 47567, 257

21 749

35, 31935, 362

.172149, 65246 57745, 03119 453

2 1373,318.9400

21, 0975,717

4,49810 88252, 561

.1200r 71 500r 73 gig

r 64 801* 43, 216

10, 8102,0162,017

22

1,6231,736

88828, 232

5,321484547563179

1,314142127362322409

.0815

167.233.9

133.3101.9.302

.2120

91, 526104, 524113, 38972, 791

37, 625

.175050, 62647, 14447, 65222, 418

.9400

.120073 88572 84867 29144, 253

r Revised. ® Beginning 1943, data have covered the entire industry.tit is believed that data beginning 1945 represent substantially the entire industry; in prewar years the coverage was about 90 percent.OTotal shipments less shipments to members of the industry for further conversion; data prior to 1944 were production for sale.§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later. The data shown above for

total imports of zinc and imports of zinc ore, and data beginning March 1945 shown in previous issues, have been revised to correct an error.cfBeginnmg January 1947 data for copper include copper from all sources; data prior to 1947 published in earlier issues relate to domestic and duty-free foreign copper; stock figure for January

1947, comparable with later data, is 104,704 tons; the November 1947 Survey provides January-March 1947 figures for production, deliveries, and stocks comparable with earlier data; deliveriesinclude deliveries of Office of Metal Reserve copper for domestic consumption; stocks of Office of Metal Reserve copper are not included in the stock figures. For data for January 1942-April1944 for these series, and also for the indicated lead and zinc series, see p. 24 of the June 1944 Survey. Total shipments of zinc include for August-November 1947shipments for Governmentaccount in addition to shipments to domestic consumers and export and drawback shipments.

*New series. See note marked " * " on p. S-33 of the February 1947 Survey for description of the data on aluminum fabricated products and reference to 1945 figures for the total; data priorto 1946 for the detail will be published later. Data for closures, crowns, and metal cans are compiled by the Bureau of the Census and cover all producers; for data for 1943 to 1945 for metal canssee p. 24 of the December 1947 Survey; revised January-May 1947 data for metal cans (short tons): Shipments, total—174,898, 157,764, 179,912, 204,666; food—129,874, 111,144, 125,395, 139,181;nonfood—45,024, 46,620, 54,517, 65,485. Data prior to 1946 for closures and crowns will be shown later. Data for mine production of lead and zinc are from the Department of the Interior,Bureau of Mines, and are practically complete; monthly figures beginning July 1941 and earlier annual totals will be shown later.

fRevised series. Data shown above and data from the beginning of 1946 in earlier issues include production from both domestic and foreign ore; the 1946-47 data are incorrectly shown inthe October 1947 and earlier issues as production from domestic ore which is no longer reported separately. Some secondary material is included insofar as it enters into base bullion and losesits identity.




1947


berDecem-

ber

1948

Janu-ary


METALS AND MANUFACTURES—Continued

HEATING APPARATUS, EXCEPT ELECTRIC

Toilers, radiators and convectors, cast iron:§Boilers (round and square) :

Production _ _ _ thous. of IbShipments doStocks, end of month _ _ _ . . do

Radiation:Production thous. of sq. ft_Shipments _ doStocks do

Boilers range, shipments* numberOil burners:*

Orders, new, net doOrders, unfilled, end of month doShipments doStocks, end of month _ _ do

Stoves and ranges, domestic cooking, exc. electric:*Production, total number. -

Coal and wood doGas (incl. bungalow and combination) _ _ . doKerosene, gasoline, and fuel oil do

Stoves, domestic heating, production, 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:Blowers and fans, new orders thous. of doL.Unit heater group, new orders do

Foundry equipment:New orders, net, total -1937-39=100

New equipment doRepairs do_ _

Machine tools, shipments* 1945-47— IQOMechanical stokers, sales:*

Classes 1, 2, and 3 . numberClasses 4 and 5:

Number _ _Horsepower.

Pumps and water systems, domestic, shipments:*Domestic hand and windmill pumps number..Water systems, including pumps, total do

Jet* doNonjet* do

Pumps, steam, power, centrifugal and rotary, neworders? thous. of d o l _ _

Scales and balances (except laboratory), shipments,quarterly* _ _ thous. of dol

Sewing machines, heads, production:*Industrial number.

ELECTRICAL EQUIPMENT

Battery shipments (automotive replacement only),number*.. _ _ thousands

Domestic electrical appliances, shipments:Vacuum cleaners, total* number

Floor _ _ doHand do

Washers* doElectrical products:!

Insulating materials, sales billed 1936—100Motors and generators, new orders do

Furnaces, electric, industrial, sales:Unit kilowattsValue thous. of dol_.

Laminated fiber products, shipments doMotors (1-200 h. p.):cf

Polyphase induction, billings doPolyphase induction, new orders doDirect current, billings do. _Direct current, new orders do

Rigid steel conduit and fittings, shipments!T short tons..Vulcamzed fiber:

Consumption of fiber paper thous. of lb_.Shipments thous. of dol_.

r Revised. * Preliminary. 1 Cancellations exceeICovers 33 companies beginning 1947; 31 compani§See p. 24 of the January 1947 Survey for availabl•See notes on the indicated items rm n ff-33 nr R-f

29, 52823, 18551, 327

4,9844,7463,137

64, 415

6,505874, 97499, 40715,440

288,17844. 814

193, 6844P, 680

415, 78992,349

160,605162,835

54, 8649,876

24, 63120, 357

210, 487

548.6525.9623. 089.2

5,281

17052, 981

38, 74562, 90929, 58133, 328

2,973

11, 835

1,873

330, 675' 319, 781

12, 581313, 724

361

3,586389

4,092

22, 141

5,0861,758

ded new 01es were ince data for ]14. of thp RP

25, 83826, 34250, 824

4,4724,6982, 909

55, 220

35, 047804, 680105, 34118, 972

287, 69739, 373

202, 95445, 370

456, 58090, 728

185, 740180, 112

54, £859, 669

25, 12820, 188

192, 372

10, 2866,074

649.9658.9620.784.1

5,851

27063, 168

24, 74654, 84721,11533, 732

2,999

11,938

11,575

1,737

343, 229r 327, 250

13, 243314, 705

352394

3,341308

4,150

32, 66831,8494,8215,155

22, 218

4,7711,625

-ders. 2 Dluded for 1942-45 for (ntpTnViPr 1 C

20, 50621,04550, 285

4,3024,0323,179

48, 454

1,827703, 776102, 73122, 705

256, 78536, 126

J 79, 64741,012

489, 945103,481197, P21188, 543

56, 4989, f 69

21, 75725, 172

197, 485

458.7426.1565. 365.2

7,092

38081,269

23, 56157, 85426, 20031, 654

3,148

1,433

293, 465r 282, 165

1 2, 880281,826

324

5,298432

4,002

20, 821

4,5821,425

ata not ava945 and 19?ast-iron be)47 RnrvPTr

25, 17528, 46946, 991

4,0734,5402,712

52, 967

85, 561666, 705122, 63220, 397

259, 86336,945

186, 23136, 687

576, 819109, 050232, 693235, 076

• 80,89113,56332, 48034, 848

217, 953

468.9411.3656.863.6

9,041

39897, 752

21,08961,66828, 24133, 427

3,843

2,073

296, 570' 280, 366

17,333279, 229

320

4,464565

3,619

19, 745

5,1241,559

liable.*6 and 27 f)ilers and rfnr crmrr»p

29,08030, 46445, 607

4,7494,7862, 675

51, 986

37, 582576, 326127,96120, 524

290, 76035, 631

213,43641, 693

725,215142, 698286, 685295, 832

90, 21015,21434, 28640, 710

210, 360

8, 4527,912

455.1393.1657.777.0

9,838

34580, 640

26, 55563, 46528, 88134, 584

3, 355

11,628

2,415

347, 601r 326, 882

18,971354, 094

350308

4, 465354

4,150

30, 28022, 3284, 9354,118

23, 638

4,8201,599

}r 1944.adiation; tanrl r>r»T7ora

33, 32837, 19441, 740

5,8635,9802,558

56, 3571 -4, 421443, 457128, 44820, 541

331, 75634, 603

256, 24140,912

834, 866169,442341,498323 ^26

108,41919, 63236, 73952, 048

229, 307

520.0438.2786.794.8

8,194

27352, 523

36, 19073, 85732, 18541, 672

3,475

2,854

r 358, 546

397, 113

381

6,378677

4,397

23,664

5,4421,731

iese series

29, 38131, 37239, 749

5,2175,2472,528

46, Oil

!-58,225304, 31080, 92225, 561

285, 12731,323

215, 84937, 955

661, 592124,375304, 379232, 838

72, 62913, 52227, 79131,316

185, 932

370.1286.1643.184.7

3,728

20851, 603

30,18357, 30225, 50331, 799

2,673

2,683

' 3£0, 470

365, 579

345

3,344350

3,812

22, 336

5,1071,486

continue c

28, 58328, 58339, 749

5,2015,3882,341

42, 884

3,127249, 309

57, 89836, 466

283, 68230, 635

210, 62042, 427

596, 99993, 618

288, 024215, 357

67, 56715, 30628, 32424,012

174, 704

10, 9859 677

521.1467.8694.698.4

2,492

23050, 946

39, 57760, 98527, 92233, 063

3,480

13, 126

2,597

373, 254

351,152

353392

26, 4351,8314, 205

32, 45129, 5345,8345,790

25, 319

4,8521,457

ata publis

29,04322,01846, 774

5,3765,1812,536

51, 722

!-57,449149, 92941, 85950, 070

313, 95931, 999

227, 60254, 358

413,63755, 492

188,248169,897

46, 59010, 82216, 35419, 414

176, 736

380.9

75.3

2,685

16864,870

43, 49061, 00527, 32633, 679

3,819

2,394

304, 273

358, 445

4,083550

4,221

20, 882

5,0651,540

bed in the

29, 48318, 66057/443

5, 1385,0102,664

52, 592

9,727134, 63124, 81660, 286

331,95834, 690

235, 43861, 830

351, 33353, 734

156, 762140, 837

36, 3459,3137,645

19,387159,007

367.3

87.1

4,316

19168, 150

34, 52458, 19226, 46631, 726

3, 635

2,254

311, 342

360, 029

351

2,692310

4,162

22, 730

4,5321,461

1942 Supplr»/% *t 4-V,« A

27, 68713, 86771,262

5,8905,4853,069

58, 908

8,330124, 190

18, 79768, 792

372, 45939, 580

264, 94367, 936

r 369, 656' 61, 406' 155, 828' 152, 422

39, 2979,8908,105

21,302' 173, 291

11, 6286,467

326.2

83.6

5,090r249

T 78, 197

27, 67662, 25230,04832, 204

4,703

12, 628

1,679

355, 520

398, 298

398295

4,487776

4,693

32, 62222 8715,0595 068

23, 194

5,2001,742

ement.

14, 11319, 69965, 676

4,7404,7943,015

52, 123r 6, 110

' 107, 694r 22, 846* 77, 807

342, 63031, 888

253, 48757, 255

367, 31868, 435

156, 461142, 422

45, 60012, 4549,934

23, 212172, 548

412.0

82.0r 4, 548

33692, 642

29, 88255, 18825, 39329, 795

4,312

r 1, 211

306, 588

393, 660

4,328436

4,310

24,653

5,3171,686

22, 74519, 75268, 669

5,1725,1233,064

10, 18891, 83426, 04876, 015

388.5

6,314

31374, 488

26, 80449, 70923, 12126, 588

3,724

1,017

279, 831

362, 658

5,166528

4,118

22, 415

4,9251,500

—~~- —<= , — — "fc^, ,,^^ ^ L^^^V^, ,,ul,^ ûu^m, ov.YYiJL.ift ^c^xmico oaivi scales and balances are compiled by the Bureau of the Census and are com-plete, or practically complete; data for 1943-45 for domestic heating stoves are shown on p. 20 of the April 1947 Survey; data prior to 1946 for the other series will be shown later (data beginningMarch 1944 for total shipments of warm-air furnaces are available in the May 1945 Survey). Beginning with this issue, the data on machine tool shipments are shown as an index (1945-47=100)"based on member reports of the National Machine Tool Builders' Association, which are estimated to account for approximately 90 percent of total industry shipments For data beginningAugust 1942 for automotive replacement battery shipments, see p. S-31 of November 1943 Survey. '

tBevised series. See note in February 1947 Survey regarding unpublished revisions in the indexes of new orders for motors and generators and sales of insulating materials; the index formotors and generators is now computed on a quarterly basis and represents quarterly totals. Data on rigid steel conduit and fittings were revised in the July 1946 Survey (see note in that issue).




1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


PAPER AND PRINTINGPULPWOOD AND WASTE PAPER

Pulp wood:*Consumption tbous. of cords (128 cu. f t . )__Receipts _ _ _ do _ -Stocks, end of month do

Waste paper:*Consumption _ short tonsReceipts _ _ _ d o _ _Stocks do _

WOOD PULPExports, all grades, total § - _ do_ __Imports all grades total§ do

Bleached sulphate § _ _ _ -do_ _Unbleached sulphate § do _Bleached sulphite! _ _ _ _ _ _ -do_ _Unbleached sulphite§ do _Soda§ do_-_Groundwood§ _ do _

Production :fTotal, all grades _ thous. of short tons_

Bleached sulphate short tons.Unbleached sulphate doBleached sulphite _ _ do_ _Unbleached sulphite doSoda - _ do_ _Groundwood doDefibrated, exploded, etc If - do_ _

Stocks, end of monthrfTotal all grades* do

Bleached sulphate _ _ doUnbleached sulphate doBleached sulphite _ _ _ _ do_ _Unbleached sulphite do _Soda doGround wood do_ _

PAPER AND PAPER PRODUCTSAll paper and paperboard mills:*

Paper and paperboard production, totalthcus. of short tons.

Paper _ do _Paperboard doBuilding board _ do_ _

Paper excl. building paper, newsprint, and paper-board (American Paper and Pulp Association):!

Orders new short tonsProduction do_ _Shipments do

Fine paper:Orders new _ _ do_ _Orders, unfilled, end of month do_-_Production _ _ _ do _Shipments doStocks, end of month _ _ _ _ _ _ ^ d o

Printing paper:Orders new doOrders, unfilled, end of month _ do_ _Price, wholesale, book paper, "B" grade, Eng-

lish finish, white, f. o. b. milL.dol. per ICO lb._Production ~ short tonsShipments doStocks, e n d o f month _ _ _ _ _ _ d o _ _

Coarse paper: tOrders new - doOrders, unfilled, end of month do_ _Production _ _ _ . _ _ _ d oShipments doStocks, end of month _.. _ _ do

Newsprint:Canada:

Production __ doShipments from mills doStocks, at mills, end of month . do

United States:Consumption by publishers doImports!-. - - - do_ _Price, rolls (N. Y.) dol. per short ton__Production short tons_.Shipments from mills _ doStocks, end of month:

At mills _ - _ _ doAt publishers doIn transit to publishers do

Paperboard (National Paperboard Association) :fOrders, new _ short tonsOrders, unfilled, end of month doProduction do

Percent of activity. ._ _ _Waste paper, consumption and stocks :d*

Consumption _ _ _ _ short tonsStocks at mills, end of month _ __do_ _r Revised. cf Estimated; see note in April 1946§Data continue series Dublished in the 1942 Surml

1,7141,4653,767

693, 879697, 152473, 917

14, 161175,06719, 98828, 66940, 33059, 4881, 592

25, 000

1,040r 92, 796

r 365, 640164, 791r 79, 453

43, 324184,50667, 096

r 95, 7867,0797,545

26, 29513, 5272,709

35, 452

1,83493080599

714, 296752, 028745, 783

90, 189144, 032107, 558108, 07650, 448

260, 602275, 565

10.05264, 444260, 42062, 861

238, 230143, 327250, 239248, 616

53, 420

384, 520400, 763110, 323

302, 994328, 747

90.0073, 49870, 897

11, 426212, 72464, 985

760, 236511, 918805, 744

101

464, 323293, 347

Survey.p,mp,nt. but,

1,6341,6833,816

648, 768656, 684481,911

7,951227, 246

17, 00846, 81645,67289, 065

1,69226,993

99590, 141

354, 853152, 42673, 51841,696

173,80264, 664

103, 5987,1088,067

27, 47515,3323,102

39, 626

1,72888375195

702, 200714, 440711,061

102, 765149,790101,311100, 28953, 782

242, 080279, 900

10.05248, 796249, 97563, 163

242, 126158,747244, 373241, 498

60, 330

355, 606375, 49890, 431

292, 664349, 134

90.0067, 26866, 743

11, 951228, 79371, 664

721, 312461, 226742, 124

101

426, 713299, 507JSee note

snsnfvndp.rl

1,5591,9014,161

607,061615, 155482,392

7,244225, 80720, 13353,04448, 67875, 2291, 719

27,004

93592, 058

331, 275142, 43664, 26838,345

160, 50762, 000

96, 6017,3206,311

23,95214, 1432,858

38, 725

1,625817708101

664, 872653, 710648, 003

98,017150, 26090, 22786, 64252, 720

234, 580266, 490

10.55236, 295236, 83862, 070

228, 912152,605222, 588220, 63760, 187

379, 731379, 06591, 097

263, 698353,081

90.0067, 65668,955

10, 652278, 91868, 401

736, 454494, 554709, 956

90

398, 123312, 685

in Septemdnn'ncr thf

1,6751,9584,437

650, 690629, 114462, 248

13, 358275,18728, 52775, 96553, 09884, 8721,804

30, 921

1,02698, 415

365, 355161,92276, 29140, 881

170, 08066, 877

99,8345,2598,050

31, 60416, 9823,073

31, 551

1,763892767105

687, 500719,979727, 183

91, 204143,020103, 610105, 58250, 530

249, 259269, 159

10.24250, 563253, 33159, 512

233, 647149, 995247, 641250, 40658, 190

377, 941388, 10680, 932

281, 102315, 932

90.0070, 50769, 326

11, 833295, 38584, 009

720, 388425, 412768,412

99

429, 973302,366 1

ber 1947 Siwar nprin

1,5891,9084,736

638, 318643, 222467,651

11, 603186, 63121, 30137, 06044, 03754, 9961,864

27,373

97092, 335

333,030154, 960

74, 75340, 182

161, 63569,080

94,1215,508

10, 50730, 28816, 8692,771

23, 660

1,720873742105

731,808702, £81693, £66

94, 838136, 927101, 77598, 68052, 120

277, 581299, 893

10. 80245, 916243, 48662, 096

238, 828155, 539233, 482230, 17160, 263

366, 092379, 46067, 564

299, 807357, 998

90.0070, 73270, 168

12, 397312, 57377, 150

788, 601437, 550750,042

96

429, 113302, 668

irvey for nrl • c\ & fa fr»r

1,7441,8264,795

684, 375735, 250512, 880

16, 090195, 88422, 30236, 47053, 45856, 6021,929

25, 123

1,080103, 347374, 438172, 42980, 27243, 840

176, 59379, 974

93, 2445,886

10, 03236, 54714, 7643,033

18, 193

1,898956827115

751, 536776, 549778, 752

109, 851138, 850111,114111,73251, 770

.249, 016269, 004

10.80275, 837275, 68962, 782

264, 665159, 550258, 098260, 40157, 886

396, 251389, 50574, 310

339, 286355, 605

90.0072, 25373, 545

11, 105308, 03383, 957

812, 849436, 178823, 203

101

460, 009324, 763

Terence toOnfnhor 1C

1,6791,4804, 567

635, 597638, 505514, 039

10, 334188, 05323, 00948, 93840, 54453, 9392,075

19, 548

1,02293, 744

356, 488163, 50877, 18642, 218

168, 85975, 041

109, 9686,089

13, 27042, 84617, 7163,492

21, 702

1,777898767111

697, 825732, 765729, 868

82, 720121, 422101, 954101, 16853, 705

252, 829267, 430

10.80257, 210257, 73666, 036

241, 042158,730249, 895247, 65060, 756

364, 483393, 16945, 624

338, 012314, 364

90.0066, 47566, 439

11, 141279, 63189, 755

747, 159420, 456752, 036

100

422, 748322, 814

revisions.

1,6051,6134,566

625, 971633, 122521, 019

8,278210, 21624, 83542, 90749, 42766,0432,293

24, 711

97591,569

332, 597155, 37978, 17641,668

161,04769, 718

98, 9284,4399,815

37, 30818, 4522,895

21,615

1,743894740109

714, 929733, 484728,869

89, 886112, 523103,49595, 77354, 234

252, 172254,943

10.80257, 843261, 72463, 745

245,517155, 245245, 463244, 54059, 931

368, 925369, 986

» 44,563

322, 136389, 907

90.0065, 88068, 720

8,301292, 92084, 113

756, 818452, 124741, 337

89

416, 830318, 617

ISee noI»TT 1 O/4 K Tirril

1,7341,8134,646

674, 747614,143458, 366

11, 109187, 29320, 89838, 62536, 54164, 0781,884

25, 267

1,054102, 641373, 277164, 24482, 20643, 933

161, 06779, 051

91, 2716,316

11, 78628, 93316, 1033,020

20, 368

1,866949808110

795, 400779, 406772, 645

112, 679122, 825107, 304108, 87052, 915

280, 132263, 383

10.80269, 194265, 55766, 078

268, 523149, 956265, 386262, 41663, 276

371, 637346, 87069, 330

292, 534320, 564

96.0065, 09465, 037

8,358295, 05289, 132

826, 946432, 911813, 169

103

450, 176274, 966

;e marked

1,5891,6464,698

618,324595,355429, 676

11, 807215, 85119, 88645, 03342, 37589, 1431,959

17, 455

96195,088

321,089157, 23376, 58639, 762

153, 48875, 000

94,5437,558

11, 55130, 52514, 4273,454

22, 316

1,701877718105

694,795719,036721, 572

89,977121, £4097, 65496,00954, 385

238, 218254, 602

10.80250, 387251, 88867, 470

241, 272150,610242, 667245, 741'62,595

344,645332, 21181, 764

307, 967293, 801

96.0058,01659,019

7,355267, 95890, 864

711, 294423, 510713, 394

100

409, 210253, 519

1,7781,8934,790

704, 677718, 411441, 335

4,906208, 180

26, 25038, 66758, 21658, 7702,414

23, 863

1, 086105, 190390, 188168, 92380, 12742, 598

170, 23081, 388

89, 2116,464

12, 08422, 54314, 6523, 363

24, 776

1,930958854117

' 792, 251' 782, 537r 774, 310

r 107, 673'•I 25, 073r 105, 927r 104, 313

* 55, 237

r 278, 425r 256, 187

10.80' 267, 467r 263, 762' 68, 042

' 268, 636r 145, 093' 268, 999••267,015

T 62, 890

387, 672380, 73288, 704

338, 337398, 283

96.0064, 89465, 943

6,306274, 45375, 785

894,310464, 683861, 215

102

477, 139256,561

r 1, 762' 1, 580' 4, 607

* 684, 277r 687, 267' 443, 742

6,396171, 01018, 42026, 14843, 50251, 4101,674

29, 856r 1, 081

'102,841? 384, 106

161, 535r 76, 564' 43, 119' 184, 129

81, 521

' 96, 598r 7, 127

T 10, 553r 22, 317r 14, 566

r 3, 362* 32, 460

' 1, 908••953••843'112

r 747, 604' 774, 486r 771, 049

T 95, 272r 121, 170r 104, 806' 104, 037

T 56, 585

' 254, 972r 245, 738

10.80r 263, 638r 258, 946

r 70, 370r 260, 567r 136, 093r 265, 504r 268, 628

r 57, 810

385, 606380, 84393, 467

342, 572r 349, 649

96.0069,37169, 199

6,478268, 66588,644

790, 215397.407824, 155

102

449,465257,074

1,8501,6644,405

654, 671654, 257442, 640

1,127107, 369413, 200162, 48275, 85744, 385

191, 15282, 366

105, 1437,6659,637

23, 32916, 4013,325

38, 325

1,907960827121

758, 830774, 565761, 475

90, 130102, 350107, 125108, 31556, 775

274, 725264, 775

1.080261, 240251, 06078, 870

257, 000132, 150265, 475262, 47560, 050

388, 461397, 70684, 222

348, 823

9.60072, 65971, 553

7,584282, 20289, 083

791, 201352, 013821, 795

100

440, 026259, 902

*New series. Data for pulpwood, waste paper and paper and paperboard are from the Bureau of the Census and are industry totals; for 1942 monthly averages and data beginning 1943for total paper and paperboard, see p. S-32 of the August 1944 Survey; data for paperboard and building board were revised in the October 1947 Survey transferring liner for gysum and plasterboard and stock for laminated wallboard and other building board from building board to paperboard; revisions prior to August 1946 for these series and unpublished re vis' - - • -Wil1 &!5? fcfe ^™J£2teg^&MKchm5 for pulpwood and waste paper see p. S-34 of May 1946 Survey; earlier data for these series will be published later.

r all series are on;tion dataxploded,

viously classi-

3 at mills. The series from the American Paper and Pulp'Association b^ginninV^n th%~^ based on„ _.f • w mo i OOVV/AO, LIWJ.I auiuoLcJ to nrodllCtlOTl dfltfl. norrmilfifl hv thp Bnrpan nf tho P.pnsns- tVmrA h ' - " " • • ' - • - . . - . - . . - .

been published;erly shown as


S-36 SURVEY OF CUKRENT BUSINESS July 1948


1947


berDecem-

ber

1948

Janu-ary


PAPER AND PRINTING— Continued

PAPER AND PAPER PRODUCTS— Con.

Paper products:Shipping containers, corrugated and solid fiber,

shipments* mil. sq. ft. surface area-Folding paper boxes, value:*

New orders 1936 = 1 00Shipments do _.

PRINTINGB ook publication, total no. of editions-

New books doNew editions do _

' 5, 273

408.7470.6

811650161

' 4, 575

341.5460. 9

631426105

•• 4, 553

330.8396.0

592439153

' 4, 801

372.6439.3

678526152

' 4, 905

393.5454.3

64754998

•• 5, 416

448.0500.5

772639133

' 5, 130

375.5450.4

1,135885250

'5,063

400.3455.6

1,110835275

5,185

430.4454.8

763612151

5,003

409.2449.0

805607198

5,509

467.4476.5

890732158

' 4, 929

378.6438.5

819637182

4,976

394.0417.9

918715203

PETROLEUM AND COAL PRODUCTS

COALAnthracite:

Exports§ thous. of short tons_.Prices, composite, chestnut:

Retail^ .- _ dol. per short ton. .Wholesale® do

Production thous. of short tons_.Bituminous:

Exports§ doIndustrial consumption and retail deliveries, total

thous. of short tons.-Industrial consumption, total do

Beehive coke ovens doByproduct coke ovens. . doCement mills doElectric power utilities. _ doRailways (class I) doSteel and rolling mills doOther industrial. _. do

Retail deliveries doOther consumption:

Vessels (bunker) § _ _ doCoal mine fuel do

Prices, composite:Retail (34 cities)^ dol. per short tonWholesale:®

Mine run _ _ do

Production! thous. of short tons._Stocks, industrial and retail dealers, end of month,

total thous. of short tonsIndustrial, total . do

Byproduct coke ovens doCement mills _ doElectric power utilities. ___ . doRailways (class I) doSteel and rolling mills doOther industrial do

Retail dealers, total _ . doCOKE

Exports§ _ thous. of short tonsPrice, beehive, Connellsville (furnace)

dol. per short ton_.Production:

Beehive thous. of short tons_.Bvproduct __ doPetroleum coke __ do

Stocks, end of month:Byproduct plants, total do

At furnace plants. _ _ doAt merchant plants do

Petroleum coke do

PETROLEUM AND PRODUCTS

Crude petroleum:Consumption (runs to stills) f thous. of bblExports§ doImports§ _ doPrice (Kansas-Okla.) at wells dol. per bblProduction! thous. of bblRefinery operations pet. of capacityStocks, end of month:

Refinable in TJ. S.f thous. of bbl..At refineries doAt tank farms and in pipe lines doOn leasesf . do

Heavy in California doWells completed f number

Refined petroleum products:Fuel oils:

Domestic demand :§Distillate fuel oil ...thous. of bblResidual fuel oil do

Consumption by type of consumer:Electric power plantsf - do_ _Railways (class I) _ _ _ d oVessels (bunker oil) § _ _ _ _ _ do

' Revised. 1 See note marked "<8>" for th

831

16.1713. 4554,549

7,552

40, 68334, 838

9227,861

5156,4229,017

8029,2995,845

200240

12.09

6.3576. 581

56, 464

50, 21847, 3126, 454

98715, 1908,2211,153

15, 3072,906

66

9.125

••6125, 530

218

67144522684

153, 3484,7898,3611.810

156, 02495

237, 76859, 013

163, 74015, 0155,8251,626

19, 26240, 057

3,2646,6536,470

s page.

714

16.1713. 5204,609

7,560

40, 02933, 705

7117,586

6276,3668,385

7429,2886,324

177202

12.10

6.3826.588

47, 424

49, 77846, 3847,0961,079

16, 4098,5171,226

12, 0573,394

63

9.562

4636,322

201

66840026889

153, 6043,7587,7621.810

152, 97897

237, 27859, 160

162, 78415, 3345,4291,523

16, 97738,237

3,2736,5646,080

2 Beginn

700

16.5013.7134,084

5,870

38,66133, 343

6627,696

6486,7198,151

7188,7495,318

149168

12.68

7.1267.342

39, 882

45, 36642, 1764,804

96815, 2926,8081,086

13,2183, 190

66

11. 000

4295,373

224

77345831586

161,8445,1848,0331.810

159, 23798

230, 97456, 656

159, 55614, 7625,2081,842

16, 35540,412

3,7156,7146,371

ing Januar

844

17.4814. 6154,994

8,331

40, 03334, 975

8978,033

6727,4668,527

7368,6445,058

179216

14.01

7.4247.642

50, 879

47, 15745, 199

5,482894

15,7396,5221,128

15, 4341,958

77

12. 000

5785,633

200

982544438110

163, 0684,1397,9191.810

160, 36598

228, 52357, 136

156, 24115, 1465,3201,810

16, 09339, 864

3,8106,6506,676

y 1948 incl

855

17.7114. 7005,141

7,148

43, 70636, 670

9167,658

6627,6168,450

74110, 6277,036

156191

14.04

7.4547.657

52, 381

48, 37046, 3536,216

90916, 1546,2271,089

15, 7582,017

60

12.000

5835,396

192

1,02950952095

159, 7714,0878,5911.810

157, 53099

225, 25854, 050

156, 27614, 9325,1941,522

19, 41440, 677

3,9276,5065,948

uded in "o

830

17.8714. 7605,506

7,023

48, 00640, 252

9658,278

7048,1219,048

82612,3107,754

161209

14.15

7.5287.798

57, 301

50, 27648, 1447,3101,049

16, 7726,3051,076

15, 6322,132

118

12. 125

6165,800

210

1,06351355097

162, 8543,6997,9081.910

164, 91397

226, 66653, 849

157, 85314, 9645,2751,760

23, 11643, 995

4,0396,9415,901

ther indus

765

18.0114. 7964,613

6,034

45, 86337, 853

8668,091

7307,7379,167

86710, 3958,010

131191

14,48

7.5497.889

52, 689

50, 45548, 2558,2071,087

16, 6736,156

98515, 1472,200

76

12. 250

5495,650

175

1,15158956283

158, 7193,8447,5122.010

158, 73698

225, 46253, 660

156, 22415, 5785, 6231,554

28,99743, 538

3,8627,0045, 382

trial."

794

18.0314. 8034,863

4,246

49, 16138, 315

9508,425

7578,4509,652

9669,115

10, 846

93202

14.50

7.5757.922

54, 798

52, 16150, 1249,1481,113

16, 7886,7491,012

15,3142,037

79

12.250

6035,886

210

1,04053550469

165, 8584,0399,3392.410

165, 44398

224, 92952, 864

156, 72615, 3395,7251,416

40, 42652, 015

4,2617,1415,419

396

18.2214.8964,921

3,410

54, 92241, 668

9638,400

7098,7969,7261,104

11, 97013, 254

48(2)

14.64

7.6958.031

55, 780

49, 57648, 1858,6711,049

15, 7926,906

94314, 8241,391

60

12. 500

6065,865

204

91255435867

165, 7962, 9928,6222.510

163, 78196

223, 43053, 891

153, 37816, 1616,4121,733

42, 05648, 853

4,4336,6614,510

423

18.2414. 9124,675

3,209

47, 42335, 746

8467,917

6367,9049,091

9968,356

11,677

55(2)

14.69

7.7108.090

49, 711

48, 61347, 4248,807

99114, 8687,047

97614, 7351,189

59

12. 500

5395,513

203

807618190

79

156, 0142,6267,6382.510

155, 22493

224, 88054, 572

154, 23316, 0756,5391,406

38, 64845, 565

4,0026,1884,800

604

18.24i 15. 022

4,928

2,601

44, 50234, 974

5098,100

6717,8018,4301,0238,4409,528

55(2)

14.70

17.684* 8. 123' 33, 844

43,58542, 5817,435

95613, 6095,599

88114, 101

1,004

67

12. 500

3245,653

242

71658712866

167, 0073,1389,7672.510

167, 59392

227, 40858, 989

152, 75815, 6616,7561,630

33, 77947, 808

4,2566,4095,054

671

18.24i 15. 023

4,438

1,029

34,01129, 600

3896,488

649' 6, 919

7,044819

7,2924,411

88(2)

'14.801 7. 7281 8. 146

r 34, 600

34, 41833, 5764,308

77611, 7454,864

77111, 112

842

37

12. 500

2464,491

225

64653311369

166, 1983, 5389,3932.510

164, 50995

227, 27860, 807

150, 78715, 6847,2281,716

25, 49842, 831

3,6015,9954,651

18.29i 15. 139

4,867

38, 26332,636

9128,185

6927,1127,766

8227,1465,628

110(2)

15.11

i 7. 8621 8. 27256, 590

47, 03245, 6807, 7631, 00 1

14, 6017, 2081, 074

14, 0341, 35'?

12. 900

5785, 723

797639158

2. 510

2,943

4,606

® The comparability of the data for both anthracite and bituminous coal is slightly affected beginning March 1948 by a substitution for one of the reporting companies; February 1948 figuresstrictly comparable with March for anthracite and bituminous coal, prepared sizes, are $15.011 and $8.122, respectively; for bituminous coal, mine run, there was no change in price betweenFebruary and March on the basis of comparable reports.

§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later. Bituminous coal exports forOctober-December 1947 have been revised to include Army civilian supply shipments (see note marked "§" on p. S-20).

JThe comparability of the series has been affected from time to time by a reduction in the number of cities or by a change in the sample (see note marked "1" in the April 1948 Survey for

Survey.tRevisedse: ._ , ._ r r ._

on petroleum products; 1942-43 revisions for the latter series are available upon request.

Revisions in the January-September 1946 figures for folding paper boxes and January 1943-May 1944 data for shipping containers are available on request.'sed series. ^See note^marked "f' on p.^S-36 of the September^1947 Survey for reference to 1941-45 revisions for bituminous coal production and 1941 revisions for the indicated series

- 1946 revisions for bituminous coal are shown on p .S-36 of the February 1948 issue.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

July 1948 SURVEY OF CUREENT BUSINESS S-37


1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


PETROLEUM AND COAL PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— ContinuedFuel oils— Continued

Exports:§Distillate fuel oil thous of bblResidual fuel oil do

Price, fuel oil (Pennsylvania) dol. per gal__Production:

Distillate fuel oil ..thous. of bbl__Residual fuel oil do

Stocks, end of month:Distillate fuel oil doResidual fuel oil do

Kerosene:Domestic demand§ doExports^ doPrice, wholesale, water white, 47°, refinery

(Pennsylvania) dol. per gal_.Production thous. of bblStocks refinery, end of month do

Lubricants:Domestic demand§ doExports^ _ _ _ _ doPrice, wholesale, cylinder, refinery (Pennsyl-

vania) dol. per gaL-Production _ _ _ _ thous. of bblStocks, refinery, end of month _ . . do

Motor fuel:All types:

Domestic demand § doExports^ _ _ _ doPrices, gasoline:

Wholesale, refinery (Okla.) dol. per gal__Wholesale, tank wagon (N. Y.)_ _ . doRetail, service stations, 50 cities do

Production, totalf thous of bblGasoline and naphtha from crude oil doNatural gasoline and allied productstt do

Sales of 1. p. g. for fuel, etc. and transferof cycle products thous. of bbl

Used at refineriesf doRetail distributioncT _ . mil. of galStocks, gasoline, end of month:

Finished gasoline, total thous of bblAt refineries _ _ do

Unfinished gasoline doNatural gasoline . _ _ _ . _ _ _ d o

Aviation gasoline:*Production, total do

100 octane and above. _ _ _ _ doStocks, total do

1 0 0 octane a n d above _ _ _ _ _ d oAsphalt:

Imports§ _ short tonsProduction _ doStocks, refinery, end of month do

Wax:Production _ _ . thous. of IbStocks, refinery, end of month _ do _.

Asphalt prepared roofing, shipments, totalfthous. of squares. _

Smooth-surfaced roll roofing and cap sheet. doMineral-surfaced roll roofing and cap sheet -doShingles, all types . do

Asphalt siding, shipments* doSaturated felt, shipments*. short tons

2,189593

.075

24, 95437, 328

34, 27939, 992

6,068202

.0829,2847,328

3,1041,361

.3104,6088,070

70, 8653,480

.080

.172

.17168, 53560, 68110, 392

2,5385,3002,901

86, 72754, 7528,4825,566

2,8701,2194,8111,543

22, 762789, 300

1, 063, 100

89, 60089, 320

5,9681,7981,3992,771

38430, 456

2,088679

.075

24, 21436, 977

39, 67643, 515

5,910711

.0828,7178,956

2,8731,338

.3304,4278,281

71, 3293,937

.080

.172

.17169, 84761, 85510, 505

2,5135, 8982,936

81, 16050, 6108,6145,452

3,0031, 3534,8471,671

12, 424823, 800

1, 000, 500

78, 12088, 200

5,8061,7471,3682,691

33432, 758

2,987600

.079

26, 27038, 550

46, 44447, 600

5,348746

.0889,117

10, 867

.3,0031,300

.3384,2278,188

73, 4414,020

.080

.174

.17273, 49465, 20011,019

2,7256,1763,080

77, 06947, 9298,9345,269

3,4671, 5455,1441,804

24, 591879, 800866, 200

89, 60093, 520

5,6001,6301, 2872,683

27133, 234

3,019781

.085

26, 94638, 592

54, 70751, 334

5,447313

.0928,970

13, 161

3,0511,105

.3504,4008,420

72, 0893,224

.083

.174

.17475, 74567, 40411, 254

2,9136,4773,022

77, 19046, 3988,6595,017

3,6642,0615,4801,968

26, 191987, 500716, 500

66, 08087, 920

5,6721,5901,3322,750

28335, 456

2,990821

.087

27, 32537, 098

59, 76452, 578

6,580476

.0958,547

14, 286

3,217896

.3524,0478,340

71, 3843,084

.084

.176

.17372, 94464, 74411, 096

2,8966,5132,892

75, 88245, 5678,4784,456

3, 7332,2585,8032,198

10 189931, 800597 800

89 88096, 320

5,8861,6991,3682,819

30039, 565

3,058797

.090

'29, 07239, 066

63, 25252, 502

8,163578

.0959,308

14, 908

3,4271,090

.3604,3508,157

73, 2953,171

.085

.176

.17875, 65667, 15011,685

3,1796,3552,959

74, 71045, 0847,8744,221

3,449• 2,121

5,9192,338

47, 889901, 100540, 700

80,08091,000

6,6401,9081,5293,203

35342, 637

1,376410

.092

28, 25437, 344

61, 33452, 455

11, 070372

.0959,352

12, 842

2,917961

.3604,2648, 531

64, 1583,673

.090

.178

.17972, 06163, 62311,951

3,5136,3232,593

78, 66946, 5298,8824,266

3,3162,1876,1062,575

67726, 900661, 300

85, 96096,880

5,5491,6491,2542,647

33136, 667

842769

.102

30, 75939, 746

51, 08147, 091

12, 90466

.10810, 1299,940

3,2951,160

.3784,5668,624

67, 2852,882

.099

.183

.19475, 14066, 77012, 357

3,9875,9942,794

83, 11151, 5709,1924,296

3,3792,1866,0642,422

12, 316638, 500731, 100

96, 32098, 280

5,6861,7361,2852,665

35637, 470

1,585281

.110

33, 53939, 606

41, 03644, 636

16, 198216

.11510, 6976,690

3,0561,028

.3904,287

1 7, 892

61, 3082,075

.105

.188

.19473, 81265. 74412, 047

3,9796,4342,460

93, 29061, 1348,8774,323

3,4432,3856,5572,712

11,031587, 500

i 812, 400

98,000104, 720

5, 5491,7431,2442,562

338„ 40, 180

1,042499

.110

32, 68837, 542

34,59043, 156

12, 60869

.12111, 0305,849

3,0441,143

.3904,132

i 7, 829

56, 4871,426

.105

.188

.19567, 51859, 96411,372

3,8185,6952,297

102, 23568, 6048,7644,673

3,0441,8257,1862,964

12, 382551, 800

1 925, 800

82, 320103, 320

5,1211,6111,1322,378

32937, 633

1,222683

.110

32, 54840, 523

32, 21441, 945

10, 884269

.12511, 2626,039

3,2311,032

.3904,404

1 7, 961

68, 1712,165

.105

.188

.19572, 02563, 60812, 296

3,8796,1872,745

103, 39868, 8248,5514,806

r 3, 315r 2, 329

7,044' 2, 808

17, 793624, 000

1 1,020,700

98, 280100, 800

5,1551,5611,2082,385

35049, 662

1,649907

.110

29, 35239, 104

34, 51443, 301

7,77488

.12510, 2366,872

3,0961,139

.3904,308

i 8, 022

72, 1833,190

.105

.188

.19574, 21965, 83411, 704

3,3196,058

101, 28064,5538,5495,305

4,0882,9457,3593,266

11,904676, 900

'1,082,900

92, 960• 108, 920

' 4, 946' 1, 405' 1, 056r 2, 484

'251r 55, 316

.110

.125

.390

.105

.188

.195

4,6411,217

9982,426

21252, 283

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

C onsumption § long tonsImports, including latex and Guayule§ doStocks, end of month § _ _ do _

Synthetic rubber:*Consumption _ _ _ do _Exports. _ _ _ _ doProduction doStocks, end of month do

Reclaimed rubber :§Consumption _ doProduction _. _ _ doStocks, end of month ao

TIRES AND TUBESPneumatic casings :§

Exports. . thousands. .Production doShipments _ _ _ _. do .

Original equipment doStocks, end of month do

43, 01893, 026

330, 960

48, 692441

39, 069105, 291

21, 90825, 40837, 145

5028,1047,2832,0056,426

42, 52965, 724

345, 175

42, 5802,290

35, 68197, 612

21, 28324, 14439, 598

4237,5837,5262,1306,670

40, 38957, 626

2 131, 624

37, 607454

31,9172 97, 728

20, 43321, 252

2 39, 704

3626,7907,4411,9745,838

47, 28945, 526

2 130, 040

39, 001287

32, 9012 91, 288

21,09321, 658

2 40, 130

3607,1657,5201,7935,464

50, 55746, 285

2 122, 097

41, 865349

30, 5182 79, 246

23, 80122, 561

2 38, 461

2997,9198,2462,1285,191

57, 28649, 976

2114,115

45, 668202

33, 8342 67, 379

26, 73525, 648

2 36, 643

3248 8898,6392,1785,513 J

52, 07650, 946

2 110, 752

39, 091221

37, 8252 67, 871

23, 49123, 161

2 36 425

2607 7167,9152,0975,277

56, 28471, 596

2 129,038

43, 230413

38, 1342 62, 366

25 22925, 123

2 35 943

2688 0506 5832 3386,975

58, 17480, 852

2 136, 227

43,003419

39 4282 60, 290

25 88525 634

2 36 307

2217 8515 9192 3308,806

51, 01254, 418

2 148, 081

35 375464

39 0252 65 649

22 37423 678

2 38 444

2116 3855 1062 020

10, 172

54 44472, 070

2130 295

38 222387

43 9402 72 885

94 36224 089

2 38 313

179r 6 930

5 7032 366

r 11, 364

r 50 61640, 747

r2123 248

r 34 632569

40 846r 2 78 722

r 22 322r 21 802

r 2 37 946

3 1756 5747 0392 265

10, 940

52 2772 112 879

35 388

42 8662 85 950

22 18821 195

2 36 885

r Revised. 1 New basis excluding distributors' stocks in California; comparable figures for December 31, 1947: lubricants, 7,701; asphalt, 685,600.3 Beginning July 1947 data are reported stocks available to industry, cf See note in the April 1946 Survey. Revisions for January 1945- July 1946 will be shown later.3 Excludes shipments to Alaska and Hawaii; collection of data discontinued beginning April 1948; comparable figures for March 1948: casings, 173: tubes, 130.§Data continue series published in the 1942 Supplement but suspended during the war period; data for 1941-45 for reclaimed and natural rubber and for tires and tubes (p. S-38) are shown on

pp. 22 and 23 of the December 1946 Survey; data for October 1941-February 1945 for other series will be shown later.{Includes natural gasoline, cycle products, liquefied petroleum gases at natural gasoline plants and benzol; sales of liquefied petroleum gas for fuels and for chemicals and transfers of cycle

products are deducted before combining the data with gasoline and naphtha to obtain total motor fuel production.*New series. Data beginning 1939 for aviation gasoline, compiled by the Bureau of Mines, and data beginning

Census, will be published later. For data for 1941-45 for synthetic rubber, see p. 23 of December 1946 Survey.fRevised series. For 1941 revisions for the indicated series on petroleum and products, see notes marked "f" on P- S-33 of the March and April 1943 issues; 1942-43 revisions are available on

request. See note in April 1945 Survey for explanation of revision in data for asphalt roofing.

.ng 1943 for asphalt siding and saturated felts, compiled by the Bureau of the




1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


RUBBER AND RUBBER PRODUCTS—Continued

TIRES AND TUBES— Continued

Inner tubes :§Exports thousandsProduction __ doShipments doStocks, end of month ._ do

4755,7525,5719,772

3325,4405,7799,413

2824,5426,2167,909

2275,1796,4996,937

1666,5407,2336,339

1917,6197,6166,424

1506,4576,3436,683

1486,5445,3248,088

1126,2265,1529,116

1364,9804,5059,657

1355,5345,1889,930

i 1205,5785,8079,737

STONE, CLAY, AND "GLASS PRODUCTS

ABRASIVE PRODUCTSCoated abrasive paper and cloth, shipments- reams..

PORTLAND CEMENTProduction . thous. of bbl__

Percent of capacityShipments _ _ _ thous. of bbl__Stocks finished, end of month doStocks, clinker, end of month do

CLAY PRODUCTSBrick, unglazed:

Price, wholesale, common, composite, f. o. b. plantdol. per thous..

Production* thous. of standard brickShipments* _ __ _ , _ _ _ doStocks, end of month* do

Structural tile, unglazed:*Production - - short tons__Shipments doStocks _ . _ do. _ _

Vitrified clay sewer pipe:*Production doShipments - - d o _ _ _Stocks do

GLASS PRODUCTSGlass con tainers:f

Production _ - thous. of gross.Shipments domestic, total do

General use food:Narrow neck food _ > doWide mouth food (incl. packers tumblers)

thous. of gross. _Beverage - doBeer bottles _ _ - _ _ _ _ _ doL/iquor and wine doMedicinal and toilet doChemical, household and industrial doDairy products _ _ - doFruit jars and jelly glasses do

Stocks, end of month. _ _ doOther glassware, machine-made:

Tumblers:fProduction- thous. of dozens..Shipments _ ... do.Stocks - -- - - do_ _ _

Table, kitchen, and bouseholdware, shiprrentsfthous. of dozens.-

Plate glass, polished, production.. _thous. of sq. f t__GYPSUM AND PRODUCTS

Crude gypsum:Imports § . . thous. of short tons.

Calcined production doGypsum'products sold or used:

Uncalcined short tonsCalcined:

For building uses:Base-coat plasters doKeene's cement do_All other building plasters doLath thous. of sq. ftTile do._._Wallboardcf do

Industrial plasters - short tons

146, 352

13,38966

15, 32819, 3886,326

19. 416411,991402, 780525,985

105, 681105, 876115,549

117,018114, 588152, 314

10, 5789,492

1,007

2,0799b2

1,697761

1,844673341227

6,085

6,7696,2346,672

3,65823, 171

134, 834

15, 97181

18, 17917, 0955,736

19. 5EO414, 634406, 918528, 873

101,74298, 364

117,080

115,717111,547156, 358

9,6198,316

928

1,6501,0931,616

6631, 309

433305320

6,849

6,2105,2617,729

3,33121,026

4091,4671,166

407, 354

391, 54812, 520

101, 597391, 142

7,281520, 35846, 745

126, 722

16, 34280

20, 09913, 3375,514

19. 668438, 591455,616504, 124

118,814110, 220123,943

109, 686110,012155, 971

8,8778,127

764

1,7541,1521,263

5751,449

397308464

7,065

4,9934,3467,775

2,30217,670

130, 489

17, 48086

20, 36510, 4524,855

19. 937466, 592457, 311511, 977

114, 163112,805124, 935

111,418110, 754156, 544

9,4768,859

1,285

2,3221,212

676627

1,479466307486

7,300

5,8544,8678,158

3,64521, 401

146,111

17,31988

19,8407,9213,889

20. 374456, 943483, 622483, 156

111,230110,343124, 794

117, 038117, 530155, 976

9,3848,781

1,528

2,1891,040

632778

1,645452290227

7,478

4,6885,9947,940

3,48320, 648

9181,5071,279

445, 659

451,07010,084

104, 505462, 222

6,791514, 87146, 148

146, 754

18, 30090

20, 5625,6683,114

20.490511, 366538, 950451, 497

115, 844119, 243119, 289

120, 704119, 913156, 607

9,6468,767

8232 2, 251

955744

1,2791,794

5893152 17

7,896

5,8335,1868,869

4,51122, 989

145, 409

16, 81485

16, 2676,2092,929

20. 636460, 971453, 100456, 272

106, 221100, 579124, 331

117,435110, 906159, 360

8,4027,703

4732 1, 846

632974

1,5021,529

449285213

8,132

4,6744,9618,694

4,18118, 777

125, 743

16, 12379

12, 3799,9753,605

20. 843436, 073431, 130452, 138

97, 36995, 319

120, 653

120, 892116,647166, 450

7,9887,603

4822 1, 745

5261,2711,1671,603

4193842 7

8,057

4,9444,5998,924

3,79320, 089

6441,6671,410

519, 395

499, 48010, 909

116, 881488, 677

7,233592, 627

55, 998

111,889

14, 54171

9,20515, 3364,299

21. 093369, 034335, 438479, 788

84, 67877, 107

127, 576

118, 72098, 540

183, 694

8,0157,006

532

1,820419839840

1,79147924739

8,380

4,5394, 4168,690

3,19521, 958

,

139, 066

13, 34770

8,33820, 3405,196

21. 194317, 619300, 386493, 925

83, 98275, 800

134, 959

110, 77793, 973

200, 385

7,3206,886

578

1,759692704783

1,58450224439

8,488

4,3254,2968,741

3, 05121, 751

161, 110

14, 50271

13, 95720, 8866,072

21. 479r 392, 440r 414, 418r 470, 041

r 99, 575r 97, 871

T 136, 014r 131, 353' 122, 307r 209, 313

8,97710, 399

969

2,5181,3381,0551,0602,281

81327292

6,724

5,2235,3148.659

4,14723, 572

2411,5621,385

506, 561

410, 51811, 944

107, 121530, 444

4 7, 2734 684, 302

50, 692

160, 918

16, 041'80

19, 04717, 8805,930

22. 040440, 282490, 618419, 030

109, 280112, 965131, 479

123, 115125, 602206, 751

r 8, 951r 7, 383

'549

r 1, 769••3729

r605••786

r 1, 861'470

339275

r 7, 876

5,4225,6288,510

3,71423, 417

158, 554

17, 74086

19, M416, (i77

5, e.50

22. 204

8,8257,904

6,53

1,977851692781

1, 6:165c!721.0o?>8

8,423

5, 2785,2778, 398

3,84720, 733

TEXTILE PRODUCTS

CLOTHINGHosiery:

Production thous. of dozen pairsShipments _ doStocks, end of month do

COTTON

Cotton (exclusive of linters):Consumption - balesExports§ . _ _ _ doImports§ doPrices received by farmersf dol. per lb__Prices, wholesale, middling, 1Me", average, 10

markets dol. per lb__

11, 62911, 19919, 910

807, 135248, 54910, 730

.335

.360

10, 54610, 50320, 795

729, 412302, 77362,029

.341

.372

10, 42410, 02021, 198

677, 78083, 9188,163.359

.375

11, 65111, 82821, 021

710, 601« 37, 066

4,984.332

.343

12, 40813, 17020, 259

727, 448123, 54595, 526

.312

.316

13, 96214, 58919, 633

826,216134, 19097, 946

.307

.317

12, 80413, 09919, 338

759, 498164, 66511, 750

.319

.336

12, 54812, 41522, 217

753, 406229, 55315, 319

.341

.358

13, 40513, 19922, 423

860, 202214, 098

9,454.331

.352

13, 36513, 17822, 610

785, 231163, 49819, 014

.307

.328

14, 18514, 31222, 483

878, 714261, 06210, 398

.318

.342

13, 30312, 85022, 936

829, 730155, 08014, 668

.341

.372

12, lf.210, 97424, 1153

785, 440

.353

.3763 Includes small quantity of nonreturnable beverage containers.r Revised. * See note 3 on page S-37. 2 jeily glasses included with wide mouth food containers.

4 Laminated board included with tile temporarily.6 "Revised to include Army civilian supply exports (see note marked "§" on p. S-20); there were no such shipments in other months of 1947.c?Includes laminated board reported as component board. §See note marked "§" on p. S-37.*New series. See note marked "*" on p. S-37 of September 1947 Survey for reference to tables giving the earliest data available for the clay products series.fRevised series. See note on p. S-34 of the July 1944 Survey regarding changes in the data for glass containers and comparable figures for 1940-42 and note in May 1946 Survey for changes

in the reporting companies for other machine-made glassware. For revisions for farm price of cotton for August 1937-July 1942, see p. S-35 of June 1944 Survey.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1947


Octo-ber

Novem-ber

Decem-ber

1948

Janu-ary


TEXTILE PRODUCTS—ContinuedCOTTON— Continued

Cotton (exclusive of lintcrs)— ContinuedProduction:

Ginnings of thous. of running bales _Crop estimate, equivalent 500-lb. bales

thouc of balesStocks, domestic cotton in the United States, end

of month:Warehouses thous. of bales-Mills -do

Cotton linters:Consumption - - doProduction doStocks end of month _do

COTTON MANUFACTURES

Cotton cloth:Cotton broad woven grods over 12 inches in width,

production Quarterly* mil of linear yardsCotton goods finished, quarterly:*

Bleached doPlain dyed doPrinted do

Exports^ thous. of sq. ydImports § - _ _ doPrices, wholesale:

Mill margins cents per IbDenims, 28-inch dol. peryd__Print cloth 64 x 60 doSheeting unbleached, 36-inch, 56 x 60-- do _

Cotton yarn, Southern, price, wholesale, mill:22/1 cones carded white dol per Ib40/1 twisted carded® do

Spindle activity:Active spindlesj - thousands.Active spindle hours, total mil. of hr._

Average per spindle in place hours _ _Operationsf pet. of capacity. _

RAYON AND MANUFACTURES AND SILK

Rayon yarn and staple fiber:Consumption:

Filament yarn - mil. oflbStaple fiber . . do _

Imports^ thous. of IbPrices, wholesale:

Yarn, viscose, 150 denier, first quality, minimumfilamentO dol. per Ib

Staple fiber, viscose, \\$. denier doStocks, producers', end of month:

Filament yarn mil. of lb__Staple fiber do

Rayon goods, production, quarterly:*Broad woven goods thous of linear yardsFinished total do

White finished doPlain dyed doPrinted do

Silk, raw:Imports? thous. of lbPrice, wholesale, Japan (N. Y.)§ dol. perlb...

WOOL

Consumption (scoured basis) :JApparel class thous. oflbCarpet class do

Imports § doPrices, wholesale:

Raw, territory, 64s, 70s, 80s, scoured*. dol. per lb_.Raw, bright fleece, 56s, greasy* doAustralian, 64-70s, good topmaking, scoured, in

bond (Boston)* _ __dol. per IbStocks, scoured basis, end of month, total f

thous of IbApparel totalf do

Domcstict doForeignf do

Carpett do

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 -- do. _.Worsted do

Worsted combs do

1,8001,856

8034

'422.

147, 4371,146

47.86.338.216.232

.715

.882

21, 6249,928

415125.6

59.518.6

2,501

.670

.320

9.03.8

414.000

38, 41213, 66862, 112

1.225.565

.990

812,186

45

130117

82, 113112, 268

223

1,1681,601

7323

382

2,461

1,759914442403

125, 349472

46.46.338.228.232

.706

.882

21, 3249,103

382118.8

54.716.5

2,795

.670

.320

8.86.6

467, 277424, 00647, 675

289, 63886, 693

34.150

37, 86413, 19257, 566

1.225.565

1.002

497, 886408, 485271, 009137, 47689, 401

782,242

43

137122

85, 052115, 568

230

194

8561,322

8223

345

129, 2161,076

49.49. 338.242.232

.700

.890

21, 4158,531

358107.0

62.318.4

2,327

.670

.320

9.27.7

4794.009

38, 84012, 68548, 942

1.225.565

1.040

611,864

39

9892

71, 26788, 899

179

647

7811,076

8132

289

140,711883

53.96.338.251.232

.706

.921

21,1979,034

379119.4

62.618.6

2,428

.670

.320

8.46.4

1934.025

38,00814, 05635, 974

1.220.565

1.040

722,171

45

124110

91, 891109, 789

189

3,899

2,5281,058

91105296

2,297

1,535799383353

128, 9211,624

57.91.338.255.232

.706

.921

21, 4109,427

396121.0

61.520.3

3,265

.670

.320

8.66.4

455, 072402, 11245, 650

291, 14665, 316

175(3)

37,98813, 70841, 511

1.220.565

1.108

461, 431384, 070265, 835118,235

77, 361

702,223

47

124112

93, 585118, 720

198

8,362

5,0321,375

103203364

142, 2851,196

58.60.338.268.232

.708

.926

21, 56310, 802

452127.0

65.323.1

1,342

.670

.320

9.55.7

2944.400

49, 21017, 85051, 412

1.227.554

1.165

682,282

45

134129

93, 931122, 410

218

10, 056

5,2971,746

99188420

123, 480718

59. 43.338.277.234

.720

.951

21, 4329,530

400134.8

62.220.3

1,674

.670

.320

9.35.3

1244.400

37, 65214, 00848, 388

1.255.510

1.254

832,324

49

142129

92, 662121, 971

222

10, 596

5,4182,048

102175476

2,569

1,801934449418

102,4174,161

60.29.338.283.239

.725

.960

21, 4129,544

402121.3

62.122.2

1,369

.726

.352

7.74.0

r 515, 951r 466, 948' 48, 985' 321, 738

r 96, 225

3794.400

43, 83016, 17536, 234

1.255.510

1.240

' 442, 951r 364, 755r 236, 565r 128, 190' 78, 196

792,256

45

132119

90, 474117, 489

214

11, 373

5,0632,122

102166511

93, 9072,308

59.63.338.261.240

.7651.019

21, 45010, 802

454139. 0

68.8••22.72,711

.740

.360

8.64.7

1282.60

41, 70015, 948

110, 302

1.255.510

1.240

922,565

52

163146

103, 677132, 418

247

4,4272,151

98129516

82, 4103,461

58.33.338.239.240

.8041.098

21, 4899,8194440

137.6

60.620.6

4,588

.740

.360

8.84.8

3972.60

' 42, 900' 15, 524

79, 981

1.255.510

1.370

r!03r 2, 572

51

163146

r 102. 527' 132, 666

'252

2 11, 5522 11, 851

3,6372,194

104104520

r 2, 587r 1,872

r964r477'431

75, 2992, 364

52.98.338.208.240

.8041.098

21, 70811,005

M92133.6

67.8'22.75,219

.740

.360

9.44.8

537, 900498, 96357, 024

345, 59596, 344

8292.60

' 51, 680r 20, 265

86, 749

1.255.510

1.292

429, 180346, 452216, 171130, 28182, 728

1002,495

40

163144

98, 429129, 269

250

2, 8232,109

9766

500

80, 0302,759

46. 30.338.205.230

.8041.098

21, 69410, 667

4475136.1

r67.9'22.94,599

.740

.360r8. 7'3.8

4172.60

42, 68016, 92862, 324

1.296.510

1.399

1002,497

40

164141

99, 243125, 437

245

2,199-1,929

9947

459

43.22.338.198.230

.8041. 098

21, 72310, 080

4450134. 0

69.923.7

.740

.360

8.73.7

2.60

1.310.510

1.652

'Revised. 1 Total ginnings of 1946 crop. 2 Total ginnings of 1947 crop. 3 Not available. JNumber active on last day of month.4 Average for all cotton system spindles, including those consuming synthetics and blends not comparable with averages prior to February 1948 which are for cotton consuming spindles.<8>Replaces series for 40/1, single, carded; see note 4 on p. S-39 of November 1947 Survey. d*Total ginnings to end of month indicated.OPrice of yarn in cones beginning January 1947; prior to 1947 prices were quoted for yarn in skeins; see note in June 1948 Survey.§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941 to February 1945 (July 1946 for silk) will be published later. Data

for cotton cloth exports have been revised to include army civilian supply exports (see note marked"§" on p. S-20).HData for July, October, and December 1947 and March'1948 are for 5 weeks; other months, 4 weeks. Data for wool consumption were revised beginning September 1946 in the November 1947

Survey to cover consumption only on woolen and worsted goods systems; data through March 1947 published in earlier issues include also consumption on silk, cotton and other systems.fRevised series. See note marked "t" on p. S-39 of September 1947 Survey for reference to 1941 data for the yarn price series and information regarding revisions in data for wool stocks.

See note for cotton spindle activity at the bottom of p. S-34 in the May 1948 Survey with regard to revision in the series for spindle operations as a percent of capacity.*New series. See notes marked "*" on pp. S-38 and S-39 of the September 1947 Survey for reference to earliest data published for the indicated series.Digitized for FRASER

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



1947


berDecem-

ber

1948

Janu-ary


TEXTILE PRODUCTS—Continued

WOOL MANUFACTURES— Continued

Woolen and worsted woven goods (except wovenfelts):*

Production Quarterly total thous of lin ydApparel fabrics! do

IvTen's and boys' wear! doWomen's and children's wear t doAll other J do _

Blankets doOther n on apparel fabrics do -

Wool yarn:Production total*^| thous of Ib

Knitting**! doWeaving*^ do. _ _Carpet and other*! do

Price, wholesale, worsted yarn, 2/32s (Boston)dol. per lb__

MISCELLANEOUS PRODUCTS

Fur sales by dealers thous of dolPyroxylin-coated fabrics:®

Orders, unfilled, end of month thous. lin. yd__Pyroxylin spread thous of IbShipments billed tbous lin yd

55, 7326,328

36,88212, 512

1.950

2,688

8,1775,6747,121

113,86598, 02150 16135, 44010, 2067,5608,284

56, 7045,764

37, 82413,116

1.950

3,708

7,7784,5206,034

57, 3355,760

39, 21012, 365

1.950

4,000

7,5534,0434,661

59, 1646,316

39, 70413, 144

1.950

4,337

7,7244,9945,409

113 53699,13344 &0843 , 05410,0496,4827,921

61, 7967,052

41,24413, 500

2.000

3,678

7,9844,3104,975

76, 7609,235

49, 58017, 945

2.020

3,804

7,0264,6995,565

60, 9007,024

39, 73214,144

(")

7,1224,5435,138

r 129 382' 114, 063

»• 51 331r 48, 020

r 9, 053' 6, 845r 8, 474

71 7058,785

47, 46015, 460

(°)

6,8165,3855,538

67, 1088,084

43, 76015, 264

(«)

6,6564,9366,186

' 67, 304«• 7, 940

r 43, 872*• 15, 492

C)

5,7334,9586,462

82, 5509,610

53, 73019, 210

C)

5,2284, 3285,687

131 939116,21954 98149, 2958,6205,496

10, 224

65 9167,460

42, 23216, 224

(')

4,4083,6384,800

C)

TRANSPORTATION EQUIPMENT

AIRCRAFTExports, total § number. _Shipments total* do

For TJ. S military customers* doF o r other customers* __ _ _ _ _ _ ._ d o

MOTOR VEHICLES

Exports, assembled total§ numberPassenger cars § . _ _ _ _ _ _ _ _ _ _ _ _ d o _ _-Trucks^ do

Factory sales, total § _ _ _ _ _ do_ _Coaches total _ do

Domestic _ _ _ _ _ _ _ _ _ d o _ _Passenger cars, total do

Domestic _ _ _ _ _ _ do_ _.Trucks, total do

Domestic do_ _Truck trailers, production, total* do

Complete trailers doVans _ _ _ _ _ _ _ _ _ d oAll other do

Chassis shipped a s such _ _ _ _ _ _ _ _ _ do. _Registrations:!

New passenger cars _ doNew commercial cars do_ _-

RAILWAY EQUIPMENT

American Railway Car Institute:Shipments:

Freight cars total numberDomestic do. .

Passenger cars, total doDomestic do

Association of American Railroads:Freight cars, end of month:

Number owned _ _ _ thousands.Undergoing or awaiting classified repairs

thousands..Percent of total on line

Orders, unfilled _ _ carsEquipment manufacturers doRailroad shops do _

Locomotives, end of month:Steam, undergoing or awaiting classified repairs

number. .Percent o f total on line _ _ _ _ _ _

Orders unfilled:Steam locomotives, total number

Equipment manufacturers doRailroad shops _ _ do

Other locomotives, total* doEquipment manufacturers* _ _ _ _ _ d oRailroad shops* do

Exports of locomotives, total f doSteam § doOtherf do

INDUSTRIAL ELECTRIC TRUCKS ANDTRACTORS

Shipments, total numberDomestic _ _ _ _ _ d oExports _ do

3211,740

941,646

61,50229, 54031,962

382, 6401,8531,599

284, 357261, 24096, 43075, 6964,5804,3801,6572,723

200

286, 71976, B01

6,4093,131

6060

1,734

774.6

89, 55466, 46623,088

2,8327.8

30300

718717

1262133129

34930742

2681,332

1391,193

44, 46122, 59121, 870

4CO, 3721,6281,409

307, 124284, 57691,62073, 6133,5443,3061,4371,869

238

26P, 86365, 458

5,2434,230

6763

1,734

774.7

93, 15968, 67524, 484

2,7357.6

24240

770770

01061987

32128833

2221,102

104998

40, 65224,06816, 684

379, 1921,8061,694

279,631257, 88197, 75578, 444r 2, 994r 2, 820«• 1, 354r 1, 466

174

263, 16771, 647

5,3664,846

5345

1,732

814.9

94, 23270, 57823, 654

2,7787.8

29290

786785

11335776

30527134

1661,140

211929

50, 27324,31725,966

349, 4091,7651,570

261, 158240, 35886, 48666,382'3,110' 2, 894r 1, 226»• 1, 668

216

264, 86675,912

4,4104,346

2020

1,730

814.9

97, 39271, 82625, 566

2,7097.6

40400

811810

1989

89

36533926

1841,351

3231,028

42,15721, 83920, 318

420, 2691,6071,412

307, 942285, 590110,72089, 7243,1582,9441,2691,675

214

251,65569, 899

5,7495,668

2929

1,730

784.7

97, 64573,41624, 229

2,7067.6

463610

796794

1621745

35226290

1831,041

239802

47, 59922, 34525, 254

436,0011,6671,527

315,969295, 099118, 36594, 3073,9623,4511,5871,864

511

281, 42887, 167

6,4016,242

7474

1,725

724.3

103,08676, 71326, 373

2,6467.5

453510

922921

1781860

375303

72

218867252615

39, 62220, 48019, 087

394, 1751,4161,141

305, 148284, 73087, 61171, 1613,2412,9881,4061,582

253

258, 93473, 737

6,9646,889

6955

1,728

734.4

104, 78878, 85725, 931

2,6127.5

332310

1,1471,146

11103674

33727364

240790288502

39, 00721,36217, 645

469, 9571,4491,087

366, 939344, 110101, 56985, 971

«• 3, 287«• 3, 121

1,530' 1, 591

166

312, 26367, 690

7,9147,661

7171

1,731

724.3

99, 21674, 63524, 581

2,4837.1

302010

1,1961,195

1872067

394317

77

116607136471

33, 64319, 45814, 185

405, 6511,3701,068

305, 081285,37399,20083, 8933,4453,3061,5481,758

139

274, 97869, 486

6,8666,561

5757

1,735

764.5

101,66274, 00827, 654

2,5817.4

967620

1,4171 416

11506783

31627046

187622155467

30,36616, 42213, 944

382, 9911,090

752274, 847256, 753107, 05488, 8893,6713,4791,6881,791

192

6,3456,306

5454

1,738

794.7

103, 06175, 48227, 579

2,7027.8

1088919

1,4881 487

1711259

« ggg

258100

165863278585

40, 07120, 49319, 578

492,0131,4091,202

349, 998327, 198140, 606118, 572

4,2384,0232,0941,929

215

6,9596,940

7474

1,740

804.8

105, 12080, 77224, 348

2,8738 3

1198930

1,4311 431o

15330

123

338288

50

229937165772

44, 85422, 57022, 284

438, 0821,048

902308, 071288, 356128, 963111, 911r 4, 1163,8982,0811,817r218

7 0416,726

10767

1,743

834.9

109 56786, 94722, 620

2,8798 4

1178928

1,4551 454

^13328

105

00731819

338, 5311,2811,161

225, 461209, 591111, 78996,9093,7533,6061,8861,720

147

7 1716,651

6460

1 744

865 1

103 78681, 06722, 719

2,8878 5

1118625

1,4851 485

Q

qoi

28645

T Revised. ° Data not available.tThe total includes fabrics produced for Government orders not included in the detail as follows (thousands of yards): 1947: 2d quarter, 2,214; 3d quarter, 3,122; 4th quarter (revised),

•{Data for July, October, and December 1947, and March 1948, are for 5 weeks; other months, 4 weeks. ®See note in April 1946 Survey with regard to changes in these series.§Data continue series published in the 1942 Supplement but suspended during the war period. For 1940-45 data for factory sales of motor vehicles see p. 24 of June 1947 Survey. Data

for October 1941-February 1945 for the foreign trade series will be published later. See note on p. S-40 of August 1947 Survey regarding unpublished revisions for registrations.*New series. For available data for 1937-43 for woolen and worsted goods production, see p. 19 of May 1945 Survey. See note on p. S-39 of July 1947 Survey for source of data on wool

yarn production and explanation of a revision in the data in that issue, and p. S-40 of the April 1947 Survey for source and earliest data published for truck trailers. Data beginning January1946 for aircraft shipments are available on request. See May 1946 Survey for description and data beginning March 1945 for unfilled orders of "other locomotives."

fRevised series. Export series for total and "other" locoirotives were revised in the May 1946 Survey (see note in that issue).Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

-INDEX TO MONTHLY BUSINESS STATISTICS, PageiPages marked S

Abrasive paper and cloth (coated) 38Acids - - 23Advertising 6, 7Agricultural income and marketings 1, 2Agricultural wages, loans 14,15Air-line operations 22Aircraft - 10,11,12,13,14, 40Alcohol, denatured, ethyl, and methyl 23Alcoholic beverages 2, 26Aluminum 32Animal fats, greases 24Anthracite 2,4,11,12,13,14,36Apparel, wearing... 4, 6, 7, 8,10,11,12,13,14, 38, 39Armed forces 9Asphalt and asphalt products 37Automobiles 2,3, 7, 8,10,11,12,13,14,18Banking 15, 16Barley 27Barrels and drums 33Battery shipments 34Beef and veal__ 29Beverages, alcoholic 2,26Bituminous coal 2,4,11,12,13,14,36Boilers 34Bonds, issues, prices, sales, yields 19Bone black 24Book publication 36Brass 33Brick 4,38Brokers' loans 15,18Building contracts awarded 5Building costs 6Building construction (see Construction.)- "-• • - • retail trade 4,7,8Building materials, prices, retiBusinesses operating and bus!Butter.

iness turn-over __ 327

Candy 29Cans, metal 33Capital flotations - 18Carioadings _ 22Cattle and calves _.. 28Cellulose and other plastic products 26Cement _ _ 2,4,38Cereal and bakery products 4Chain-store sales 8Cheese 27Chemicals 2, 3,4,10,11,12,14,18, 23, 24Cigars and cigarettes 30Civil-service employees 11Clay products (see also Stone, clay, etc.) 2, 38Clothing 5,7,8,10,11,12,13,14,38Coal 2,4,11,12,13,14, 36Cocoa - 29Coffee _ _- 29Coke _ 2,36Commercial and industrial failures 3Construction:

New construction, dollar value 5Contracts awarded 5Costs 5,6Dwelling units scheduled to be started 5Highway 5,11Employment, wage rates, earnings, hours— 9,10

11,12,13,14Consumer credit 16Consumer expenditures 1, 7Consumers' price index 4Copper 33Copra and coconut oil 25Corn -._ -- 19, 28Cost-of-living index (see Consumers' price

index) 4Cotton, raw, and manufactures 2,

4,5,10,11,12,13,14,38,39Cottonseed, cake and meal, oil 25Crops 1, 2, 4, 24, 26, 27Currency in circulation 18Dairy products 1, 2, 4, 27Debits, bank 15Debt, short-term, consumer 16Debt, United States Government 16Department stores, sales, stocks, collections.. 8, 9Deposits, bank 15,18Disputes, industrial 13Distilled spirits.__ 26, 27Dividend payments and rates 1,19Drug store sales 8Dwelling units scheduled to be started 5

Earnings, weekly and hourly 13,14,15Eggs and poultry 1,4, 29Electrical equipment 2,7,34Electric power production, sales, revenues 26Employment estimates 9,10,11Employment indexes:

Factory, by industries 10,11Nonmanufacturing industries 11

Employment security operations 13Emigration and immigration 23Engineering construction 5Exchange rates, foreign 17Expenditures, United States Government 16Explosives 24Exports (see also individual commodities) 20, 21Factory, employment, pay rolls, hours, wages. 9,

10,11,12,13,14Failures, industrial and commercial 3Farm marketings and income 1, 2Farm wages 14Farm products, farm, and wholesale prices 2, 4Fats and oils 4, 24, 25Federal Government, finance 16,17Federal Reserve banks, condition of 15

Pages marked SFish oils and fish 24, 29Flaxseed 25Flooring _- 31Flour, wheat 28Food products 2,

3, 4, 5, 7, 8, 10, 11, 12,13, 14, 17, 26, 27, 28, 29Footwear 2,4,8,10,12,13,14,30,31Foreclosures, real estate 6Foreign trade, indexes, shipping weight, value

by regions, countries, economic classes andcommodity groups 20, 21, 22

Foundry equipment 34Freight cars (equipment) 40Freight carloadings, cars, indexes 22Freight-car surplus and shortage 22Fruits and vegetables 2,4,27Fuel equipment and heating apparatus 33Fuel oils 37Fuels _ _ 2,4,35,36,37Furnaces 33, 34Furniture 2, 4,10,11,12,13,14,15Gas, customers, sales, revenues 26Gasoline 37Glass and glassware (see also Stone, clay, etc.)_ 38Gelatin 23Gloves and mittens 31Glue _ 24Glycerin 24Gold.. _ 17Goods in warehouses 7Grains _ 4,19, 27, 28Gross national product 1Gypsum 38Heating and ventilating equipment 34Hides and skins. 4,30Highways.. 5,11Hogs _. 28,29Home-loan banks, loans outstanding 6Home mortgages 6Hosiery _ 5,38Hotels 11,12, 23Hours of work per week 12,13Housefurnishings . 4, 7,8Housing 4, 5Immigration and emigration 23Imports 20,21,22Income, personal 1Income-tax receipts .. 16Incorporations, business, new ........ 3Industrial production indexes .. 2Instalment loans ... 16Instalment sales, department stores .... 8Insurance, life 17Interest and money rates 15Inventories, manufacturers' and trade 3,9Iron and steel, crude and manufactures 2,

3, 4,10,11,12,13,14,18,31,32Kerosene 37Labor force 9Labor disputes, turn-over 13Lamb and mutton . . 29Lard. 29Lead _ 33Leather and products 2, 4,10,11,12,13,14; 30Linseed oil, cake, and meal 25Livestock 1,2,4,28Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 6,15,19Locomotives 40Looms, woolen, activity 39Lubricants 37Lumber 2, 4,10,11,12,13,14,31Machine activity, cotton, wool 39Machine tools 10,11,12,14,34Machinery 2, 10, 11, 12,13,14,18,34Magazine advertising 6, 7Mail-order houses, sales 8,9Manufacturers' orders, shipments, inventories. 3Manufacturing production indexes 2Meats and meat packing 2, 4,10,12,13,14. 29Metals 2, 4,10,11,12,13,14,18, 33Methanol 24Milk _ 27Minerals.- 2,10,11,12,13,14Money supply 18Mortgage loans 6,15Motor f u e l _ _ _ 37Motor vehicles .... 7,40Motors, electrical .... 34National product and income .. 1Newspaper advertising 6, 7Newsprint 35New York Stock Exchange 19,20Oats 28Oil burners 34Oils and fats- _ _ 4,24,25Oleomargarine 25Operating businesses and business turn-over.. 3Orders, new, manufacturers' 3Paint and paint materials 4, 25Paper and pulp 2,3,5,10,11,14,35Paper products 35Passports issued 23Pay rolls, manufacturing and nonmanufactur-

ing industries 11,12Personal income 1Personal savings and disposable income 1Petroleum and products 2,

2,3, 4,10,11,12,14,18,36,37Pig iron.. 32

PorkPostal business LPostal saving! i_LPoultry and e|gg!Prices (see

ConsumersReceived aRetail pricWholesale

PrintingProfits, corpcnPublic assistsPublic utilitiesPullman ConPulp woodPumps___Purchasin^ .Pyroxylin cor

Radio advertfisji:Railways,

tistics, empli

Railways, strejeRayon, and

Receipts, UniiReconstruct] 011Rents (housingRetail trade

departmergeneral m^rp

Rice.Roofing andRosin andRubber, nati

tires, andRubber ind

inventoriiearnings.

Savings depjSavings, per BOXSecurities "Service industrSewer pipe,Sewing mac hiSheep and I; a:Shipbuilding.Shipments,ShoesShortenings.Silver LSkins i.Slaughtering a:Soybeans,Spindle aiSteel inL

Iron andSteel, scrapL.Stocks, d .

turers' in)Stocks, divjdStokers,Stone, clay

StovesStreet railwaySugar.SulphurSulfuricSuperphosp

Tea L.Telephone,

graph can-Textiles- .J..Tile L.Tin..Tires and ipTobacco__Tools, mac hiTrade, retsilTransit HnTransportsTransport

Travel,Truck traiTrucksTurpentines

Unemploymsation..

United StatesUnited St«iUtilities..

Vacuum clVariety st<VegetableVegetablesVessels clVeterans'

Wages, fa<WarWar Sa"Wareh<Washers-WaterWheat aiWholesale prWholesaleWood puto..


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