SURVEY OF CURRENT BUSINESS WEEKLY SUPPLEMENT

UNITED STATES DEPARTMENT OF COMMERCE B U R E A U OF FOREIGN AND D O M E S T I C C O M M E R C E

AVAILABLE ONLY WiTH SUBSCRIPTION TO SURVEY OF CURRENT BUSINESS JULY 7, I95Q

SELECTED B U S I N E S S I N D I C A T O R S

zzt>

200

175

150

125

100

WEEKLY DATA

J-J-±J-LL±_LLJ_

STEEL INGOT PRODUCTION (1935-39-100)

^ 1 \ J*r*Z^ '

V 11

j J « j J U a X i J ™ j J u a - l i j ^ ^

25

JLL.

STRIKE PERIOD

i ^1949

OCT. WV

ULLL

^

/

i

J -JUL_LJLJL_LJ

ELECTRIC POWER PRODUCTION BY UTILITIES {BILLIONS OF KILOWATT-HOURS)

3 0 0

250

2 0 0

S5Q

100

INDUSTRIAL PRODUCTION (SEASONALLY ADJUSTED, 1 9 3 5 - 3 9 = 1 0 0 )

I8QI

1604

140

120

soo

PRICES OF 385 INDUSTRIAL STOCKS ( 1 9 3 5 - 3 9 - 1 0 0 )

WEDNESDAY CLOSE

A\/^JW •• - . . - F y

/ v

k/^ t

V

J^ULU J. .J 1 1 i-L.

r^ ^ .J - -J_J„^J- i - J XJL^-JL-

1947 1948 1949 1950

W E E K L Y B U S I N E S S S T A T I S T I C S 1

ITEM 19^9

June 25 July 2

1950

June 3 Jim® 10 June 17 Jim© 24 July 1

Comssodity price®, wholesale! All commodities... .1926^100.,

farm products . d o . . . . food... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . »d©... . All other . . . . . . . . . . . . . . . . . . . . . . . . . . . . < . . . . . . . . . . . . . . . . • .do.. . . *

2S eommoditi es _g/ .August 1933^100.. Cotton, middling, 15/ l6H . .10 market® j j / . . . . . . . . . d e l . p e r l b .* $h©&tt No* 2, hard winter (Kansas. C i t y ) • . . . . . • . . do l . per bu . .

Department s tore sa les . . . . . . . . . . . . . . — . . . . . . . . . . . .'1935" 39*100.. Insured unemployment t t o t a l . . . . . . . . . . . . . . . . . . . . . . . . . . . . . t h o u a . .

State programs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . do . . . * Veterans8 p r o g r a m s * . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . . .

Finances Currency in circulation ^j/ ..................-. «..ail. of dol.. federal Reserve bank credit( total.....................do.... Member bank reserve balances ..do.... Excess reserves, estimated—........*..... .do.. ••

federal Beserve reporting member banks in leading cities* Bank debitg, total............................ ..mil. of dol.. lew York City........... .......................do....

Depositg, demand* adjusted............ — ............do Loans and investments, total................. — . . .d©«... U. S. Government obligations... ......*..........do.... Commercial, industrial,, and agr. loans (gross) •....do...•

Failures, industrial and commercial. number.. Bond, yields, domestic corporate (Moody1®) £/..........percent.. Stock prices, 4l.6 stocks (Standard and Poorss)....1935-39*100.. Industrial®, 365 stocks*..............................»#d©«„..

Production! Bituminous coal 3/....••••-.............thous. of short tons.. Slectric. power, by utilities. .mil. of kwhr.. Motor vehicles (Ward8 ®) ......•••......,.............. .number.. Petroleum, crude jj/...........................thous. of bbl.. Steel 4/ . . . . .1935-39^100. .

Freight oarloadings, t o t a l . . . . . . . . . . . . . . . . . . . . * t h o u s . of cars .„ M i s c e l l a n e o u s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d o . . . .

1/ Data do not always cover calendar weeks. 2/ Smrsday p r i ces

153-5 167.3 159-5 145 .4 230.3

»329 1.9s

2U7 2,734 2,069

586

27,35.7 20,113 IS,314

23,00s 9*809

46,319 62,606 34*515 13,292

196 3.00

112.6 117*2

l.9«9 5,466

145,372 4,689 174.3

S03 336

153*5 166.2 160.5 145.4 22S. 2

»325 1.91

2,663 1,994

5*3-

27,473 19.875-18,013

679

22,381 10,210 46,093 62,609 34,178 13,177

177 3..00

112.5 117.8

217 5,410

137,802 4 , 8 2 0 I65.O

644 328

156.8 167-5 161.5 147*7 266.9

•337 2.25

26.1 1,654 Is 576

29

27,084 17,935 15,814

528

18,867 7,42i

^7,533 67,103 36,456 13.399

168 2.86

148-.8 158.4

1.689 5,?32

13s,402 5.128 216.7

710 337

157.4 166.4 163.2 148.2 269.4

.338 2 .20

302 1,645 1.569

29

27,0.84 18,143 16,067

750

22,788 9.39.6

47,519 66,960 36.183 13,394

164 2.87

149 »2 159*3

1,768 5 , 9 ^

191,417 5,228 216.3

796 375

156.7 l64«5 161.0 148.3 262.9

.338 2.15 302

26,998 18,270 16,309

927

22,750 9,185

47,942 67,299 36,505 13,459

178 2.87

149.O 158.9

1,740 6,012

195,643 5,269 215.9

806 382

157^1 166.2 162.5 148.3 264.4

•337 2.13

250

26,940 18,261 16,169

674

25,296 9,721

48,040 67,843 36,873 13,532

147 2.87

149.4 159.5

1,757 6,102

196,348 5,276 216.1

s io 382

157.0 I65.O 162.7 148.6 267.8

.338

18,567 15,988

515

10,196

2.89 143.2 152.9

185,789

2X6ll

2/ Daily average®. 4 / Week ending July 8, 197*7*. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

M O N T H L Y B U S I N E S S S T A T I S T I C S

E a r l i e r data are a v a i l a b l e i n monthly i s s u e s of the Surrey and the 1949 S t a t i s t i c a l Supplement

19>*9

A p r i l May

1950

February Marsh April

G3NBRAL BUSINESS INDICATORS

Industr ia l production ( f e d e r a l Be serve) J Unadjusted, combined index - 1935-39»10Q.

Manufactures d o . . . Durable manufactures d o . . .

Iron and s t e e l d o . . . Lumber and products d o . . .

Furniture d o . . . Lumber »<io • • •

Machinery - d o * . . Nonferrous metala and products d o . . .

Smelting and r e f i n i n g d o . . . Stone, c l a y , and g l a s s products d o . . .

Cement d o . . . Clay products do...

Transportation equipment do... Automobiles (including parts) ..^ , .do...

Nondurable manufactures. * do... Chemical products do...

Industrial chemicals * * .do... Leather and products .. •. • • °d©„..

Leather tanning . do... Shoes do #..

Manufactured food products d o . . . Meat packing d o . . . Processed f r u i t s and vege tab les . d o . . .

P r i n t i n g and p u b l i s h i n g « . d o . . . Rubber products • • •• . d o . . . T e x t i l e s and products «• . . . d o . . .

Cotton consumption => . d o . . . fiayon d e l i v e r i e s . . . d o . . . Wool t e x t i l e s . d o . . .

Minerals » d o . . . Fue l s . . d o . . .

Anthraci te d o . . . Bituminous coa l d o . . . Crude petroleum d o . . .

Meta l s . - d o . . .

Adjusted, combined index 1/. * .do... Manufactures . do...

Durable manufactures do... Lumber and products • .do...

Lumber do... Nonferrous m e t a l s . . • d o . . .

Smelting and r e f i n i n g . d o . . . Stone, c l a y , and g l a s s products . — d o . . .

Cement do Clay products d o . . .

Nondurable manufactures. d o . . . Chemical product s > d o . . . Leather and products d o . . •

Leather tanning d o . . . Manufactured food products . d o . . .

Meat packing d o . . . Processed f ru i t s and v e g e t a b l e s . d o . . .

P r i n t i n g and pub l i sh ing d o . . . Minerals d o . . .

Metals d o . . .

CONSTRUCTION .AND RSAL BSTATS

Value of c o n t r a c t s awarded (Federal Reserve indexes)1 Total , unadjusted 1923-25*100.

R e s i d e n t i a l , unadjusted d o . . . Total , adjus ted d o . . .

R e s i d e n t i a l , adjusted * . * . . . . . . . .,d,o...

BCPLOTMKNT

Labor turn-over i n manufacturing es tab l i shments : Access ion r a t e . . monthly r a t e per 100 employees. Separation r a t e , t o t a l . . . . . d o . . .

Discharges . d o . . . Lay-of fs » d o . . . Q u i t s . . d o . . . Military and mi scellaneous . do...

FX HANGS

Bonds, s a l e s ( S e c u r i t i e s and Exchange Commission): Total on a l l r e g i s t e r e d exchanges:

Market va lue . . thous . o f d o l . Face va lue d o . . .

On Nov York Stock £xch@&g©: Market va lue d o . . . Face value -. d«s -

177 183 212 219 126 144 116 24o 167 209 1S6 202 160

235 203 159 239 klJ 106 96 113 l4S l34

9* 157 177 129 ill 24o 112 146 148 88 144 156 13*

184 212 126 118

167 209 169

162 237 106

¥ 162 iu 5

155 152 148 145

201 I65

177 l4l

2-9 4.8 .2

2.8 1.7 .1

53,1*9 76,590

50,459 72.458

174 179 202 204 129

232 145 200 190 206 156 220 184 160

?32 406 101

95 105 156 138 102 158 17S 123 105 214 118 148 149 105 104

155 142

174 179 201 126 120

1*5 200 185 196 157 161 234 101

p 163 1 3J 156 155 1*5 126

218 187 181 159

3-5 5-2

.2

1.6 .1

50.767 57.997

47.431 63.601

177 Tim 204 201 137 173 119 237 183 202 179 160 150 209 181 175 24§ 423 118 109 124 145 144 86 167 196 179 144 357 159 113 118

65 38

155 80

181 192 207 150 138 188 202 194 211 158 180 247 115 102 161 151 136 169 118 118

228 232

260

3-2 3.0

.2 1.7 1.0

.1

67.512 84,939

63.**3 78,760

I83 191 210 205 147 176

243

199 208 ISO 157 151 215 190 176 250 426 rll6 97 127 148 148 83 172 195 173 138 350 152 139 148 108 149 152 81

187 194 212 156 145 199 208 188 192 158 180 247 115 98 166 160 151 169 144 116

188

rl97 r221 222 158

175 150 251 196

r207 rl97 207 155 r225 r204 rl78

*M 110

115 r!50 145 r91 175 r20J rl74 139 r3*8

15* rl38 rl47 83 143

rl55 rS6

rl90 rl99 222 159 150 196 r207 r200 218 160 rlSO r252 110

rl64 157 rl49 170 rl40

r97

279 292 275 278

3.6 2.9

.2 1.4 1.2

.1

88,494 116,471

8**757 111,305

r325 r348 r2S4 r298

r3-5 r 2 . 6

. 2 r l . 2

1-3 . 1

77.916 97,114

75, l6l 93.378

jr/ Revised . j>/ Pre l iminary , 1/ Indexes for which seasonal f a c t o r s have been f i x e d a t 100 are not shown; see unadjusted s e r i e s . Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

M O N T H L Y B U S I N E S S 3 T A T ! S T i C S-Continued

Earlier data are available in monthly issues of the Survey and the 19*9 Stat is t ical Supplement

IQUq

A p r i l May

1950

February March Apri l May

HNANCE - Continued

Stocks , s a l e s ( S e c u r i t i e s and Exchange Commission)! Total on a l l r e g i s t e r e d exchanges§

Market va lue a i l - of dol Shares sold . . . . . thousands

On New York Stock Exchange: Market value . . a i l . of dol Shares sold thousands

CHEMICALS AND ALLIED PBDDUCTS

Alcohol, denatured! Production. thous. of vine gal, Consumption (withdrawals) do. . Stocks* .do. .

Alcohol, ethyl: Production thous. of proof gal. Stocks, total do. . ,

In industrial alcohol "bonded warehouses do. . , .In denaturing plants. do*.,

Withdrawn for denaturing do. . . Withdrawn tax-paid do. . ,

fa t s , o i l s , and byproducts: Animal fats :

Production thous. of lb. Stocks, end of month do. . .

Greases: Production do... Stocks, end of month do...

fish oils: Production do.., Stocks, end of month do...

Vegetable oils: Production, crude do... Stocks, end of month: Crude • do...

Refined do... Cottonseed oil, refined: Production do... Stocks, end of month do..,

Linseed oil: Production d o . . . Stocks , end of month d o . . .

Soybean o i l : Product ion: Crude d o . . .

Refined d o . . . Stocks, end of month: Crude do...

Hefined do...

ELECTRIC POWER

S I e c t r i e power, production, t o t a l mi l . of kw-hr. U t i l i t i e s . do . . . Industrial establishments .do . . .

JOODSTOTS fermented malt liquors:

Production thous. of bbl. Tax-paid withdrawals do . . . Stocks, end of month do . . .

Dist i l led spir i ts : Production thous. of tax gal. Tax-paid withdrawals do . . . Stocks, end of month do . . .

Whisky: Produc tion . s d o . . . Tax-paid withdrawals d o . . . Stocks, end of month do...

Rectified distilled spirits,prod.,total...thous.of proof gal. Whisky do...

Dairy products, production: Butter, creamery (factory) thous. of lb. Cheese, total (factory) do... Condensed milk (sweetened): Bulk goods J. do... Case goods do...

Evaporated milk (unsweetened), case goods do... Dry milk:

Dry whole milk do . . . Nonf&t dry milk solids (human food) do . . .

Grains, stocks, commercial, end of month: Barley thous. of bu. Corn do . . . Oats do . . . Rye do . . . Wheat , do . . .

r/ Revised.

Ml *o

722 30,293

l*,*6s 12,996 5.708

36,232 1*3.81+2

27,027

270,7*2 408,63*

*6,852 110,882

1,063 ,9*6 80

380,889 736,192 *62,0S2

119,975 236,197

*3,5io 310,827

156,088 127.*25 105,365 112,523

27,7*5 23,215 *,530

7,31* 6.507 9,2*8

16,922 r 7,755 66S,*2l

11.536 3.88*

593.09* 8,3p6 7,3*5

12*.615 111,165

22,910 12,000

266,250

12,275 98,350

9,*9l 15,266

3,|35

ll6[so6

765 37**11

^ 639 26,709

13,883 12,975 6,60*

33,855 *9.9*2 *9,**i

^02 25,770 3,022

272,192 368,929

*9,170 113,706

*,717 78,176

37*.287 735,300 376,035

115,*19 227,587

*5.*97 321,765

15*.183 118,0*5 88,631

102,045

27.875 23,3*8 *,526

8,331 7,557 9,6*6

16,823 7,826

67*.661

10,971 3.732

599,561 8,931 7,908

160,625 1*3,280

39,*50 10,300

361,150

13.715 122,*00

10,057 11,589 *,129 2,732

11*,2*2

1,37* 59,2*0

1,16* *5,073

13.293 13.215 3,*29

2*, 25* 28,397 27.JI3

685 2*,0** 2,5*7

288,055 3**.*66

*S,962 Ul ,321

*93 87,502

*70,7?9 l,073.*6o

*03,7i*

17*,05* £73.525

53,*69 531.932

153,0*6 118,7*9

78.911 66,791

28,789 2*, 270 *.519

5.8*2 5,523 8,8*9

1*,137 6,295

68*, 576

10,115 *,o*3

620,133 6,092 5**58

97.875 75.685

13,200 5,900

183,000

8,135 65,500

30,*5* *5,319 13.130

7,6*3 189, **7

rl,690 67,872

1,*22 5*,725

16,7*3 17.087 2,873

27,30* 2*,050 23.513

537 30,321

3.846

317,265 350,90*

53,289 U3.951

52* 90,827

*78,095 1.068,505

398,*50

160,817 271,007

50,939 5*8,907

177.518 1*6,063 87,228 6*,118

31,85* 26,997 *,867

7*55* 5,938

10,073

15,99* 9,215

686,6*0

11,0*5 5.558

62*.182 9,377 8,357

121,970 97,135

16,550 6,500

2*1,000

H,*25 85,100

28,072 *7,*00 12,099

7,321 180,659

1,807 86,339

1.532 6*,018

15,*02 15,92*

2,3*6

31,18* 25.729 2*,829

901 28,829 3.552

r287,983 T375.930

50,510 123.683

*S1 S2,*78

r*22,S07 rl,086,812

r*23,l*8

rll6,520 r285,76l

*7,15* 56*,035

170,251 13L913 101,386

71.651

30,191 25,*37 *,75*

7,351 r6,359 10,579

17.305

692,*55

11,922

e KP7 630,693

7,888 6,775

rl28,6l0 rllO,595

20,*50 7,350

258,000

10,550 97,150

27,657 *3,9io 11,295 6.278

173.136

1,866 81,089

1,605 62,181

15,989 16,8*6

l,*S7

33,*10 28,*86 27,61*

872 29,*1S 3,257

299,59* 387,3*9

52,369 122,910

2,171 69,9**

387,98* 1,037,580

392,063

98,983 251,672

*3.697 539,931

169.001 131,8*8 9l,*62 7*,809

31,*S6 26,525 *,962

8,317 7.615

10,8*1

20,*86 7,929

700,*20

12,727 *,607

637,*lO 8,127 6,931

156,195 132.305

29,550 5.375

3*6,850

11,*10 113,000

26,228 *3,177 11,517 5.977

169,293 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

4 M O N T H L Y B U S I N E S S S T A T I S TI C S — Continued

Earlier data are available in monthly Issues of the Surrey and the 1949 Statistical Supplement

ms April

1990

February March April

fOODSTUFFS - Continued

Meats* production^ total. .........••...•••.-...•..•mil. of lbs. Beef and veal......•.••.•.•.....•........••.-thou®. of lb®. Lamb and mutton.••••••••...•••...•....•.•.••....•.... .do•.• Pork, including lard. ................................. .do...

Lard.. .............................................. .d©«sa

1MJ&ER AHD FWDVQTS Leather productions

Calf and kip Cattle h i d e . . Goat and k id . Sheep and l amb. . . .

.thou*., of skint .

.thou*, of hides.

.thou©* of skins*

. „ . . . „ « . » . . . d o . . .

M1PALS AND. MAHU7ACTUBSS

Iron or® (Lake Superior d i s t r i c t ) 1 Consumption "by furnaces. . . . . . . . . . . • • . • . thous. of long ton*. Stock®, end of month, t o t a l . . « • ' . . . . • • . • • • • • • . . . . • . . • . .do.<..

At furnaces. . . . . . . . • . . • . . - . . • . . . • . . . • . • - • • . . . . . . . . . . . . . . d o . . . On Lake Erie docks.. . . . . . . • • • , . • • . . . . . • • • . . . • • * . . • . . . d o . . .

Foundry equipment, new orders, nets New e q u i p m e n t . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 9 3 7 - 3 9 * 1 0 0 .

HHP9 PAPER, AND PHIHTIHG

Wood pulp1 Product!on, total, all grade©.........••.••••...short ton*.

Bleached sulphate.. ••....••.••......• •........•.do.•. Unbleached sulphate. ••....••..•••.....•••..........._. .do... Bleached sulphi te. ••.......••.do... • Unbleached sulphite •••.......•.«•.......•.......do... Soda ... . ................do... Groundwood..........................................do... Defibrated, exploded, etc. ••.........•.••.... .......do-...

Stocks, end of month, total, all grades.. .............do.•• Bleached sulphate. .do... Unbleached sulphate. .do... Bleached sulphite. ............................... .....do... Unbleached sulphite. .do.•. Soda ...do... Grroundwood .do...

H02BSR AHD KUBBSH PBODUCTS

Matural rubbers Consumption long tons. Stocks, end of month. do....

Synthetic rubbers Production. . .do •.. Gonsumpt ion • „ .do... Stocks, end of month .do...

SffGNS, CLAY, AND GLASS PEODUCES

Portland cements Production. Shipments.••..•••••..................... Stocks, finished9 ©nd of month.......... Stocks, clinker, end of month...

Glass containerss Production. . thou®, of gross. Shipment®.. do... Stocks, end of month. . . ' . . • • • . . . . . . . . . . . d o . . .

.thou*-, ©f bbl .

.do.

.do.

SESSILE PBODUGSS

Wool1 1/ Consumption (scoured basis)s Apparel class Carpet class ........

Machinery activity (weekly average)! Looms*

Woolen and worsteds File and J&equ&rd . thou®. Broad Harrow. ,

Carpet and rugs Broad Harrow. *.

Spinning gpindlest loolen................................. Worsted

Worsted comb®. . . . . . . Manufacture^ wool yam s production, t o t a l .

Knit t ing. Weaving. 0 8 . . , Carpet m& o t h e r . . . . . . . . . . . . . . . . . . . . .

. thous. of l b . d o . . .

of active hour®. . . . . d o . . .

. . . . . . . . . . . d o . . .

.do.

.do.

. . . d o , . . . . . . . . . . . d o . . . . . . . . . . . . d o . . . • thous. of l b . . . . . . . . . . d o . . . . . . . . . . . . d o . . . . . . . ..do • . .

•1,353 606,020 30»76i 715,895 137,441

766 1,886

2,875 2,l48

7*322

17,803 15,770

2,033

172 »o

946,768 112,324 344,744 156,712 57.483 3 9 . ^ 5

16.5,322 32.376

151,960 12,866 17,003 40,803 23,674

47.85 112,91

36, 5,445 J. 529

114,944

17,682 179779 22,977

7,560

7,035 6,869 9.763

20,152 12.839

73 1,543

2S

158 75

68,201 59.803

110 45,936 ^5,056.

^27,056 r!3,824

1,362 623,536

33,561 704, 543 136,470

797 1,937 2,776 2,207

7,277 21,508 19,273 2,235

121.9:

r950,928 116,830 343,235

rt.55,453 r5S,466

s8o6i 5,056

32,-282

38. •166,

rl6i§095 14,459 13,224 45,443

r26,6l8 % 2.631 46,778

46,128 111,875

32,335 35*528

112,739

18,622 19,426 22,170

7,440

7,663 7,811 9,374

21,577 12,265

79 1,669

28

143 74

75*641 63.969

115 49.356

4,995 31.255 13,106

1.356 ,425 ,392

759,390 146,905

S85 1,949 2,960 2,675

5,329 26,745 22,103 49642

113.1

1,088,-542" 131,186 422,223 160,266

57.025 42,179

154,439 71,989

108,503 10,470 8,206

26,937 17.20;

1,' 34,

7.203 1,456 4,044

56,580 104,477

29.: 31. J 88,381

13,070 9.775

23.579 7.372

7.290 6,748 9.995

34,684 15.724

86 2,172

27

166 87

79.834 104,027

1.585 644,109 45.917

894,96 170

,965 ,946

902 2,115

r3 ,5 i4 r2,566

5.948 20,865 16,829 4,035

22§«2

1,198,741 146,640 453.072 183,146 64,601 46,096

174,005 76,188

107,733 9.926 8*463

25,808 18,615 l , 4 i 4

33.885

60 ,.859. 101,691

33.003 37.647

r86,824

14,238 14,613 23,205 r8,747

8e204 8,129 9,454

r4l,730 rl9.76'5-

n 2,096

27 169 83

m.269 M3.91T'

207 74,610. ^7,835 46,495

P20.280

1.397 575.795 39.949 7SO,94o 151,151

816 1.853 2,821 29625

7.109 14,099 11,033 3.066

160.6

r l , l 6 l , 7 9 S 139.388 450,022 172,6l4

57.232 4fc,575

pl74,672 76.694

116,491 12,834 8,587

28..125 17.740

1.735 37.697

P57.914 r!06s124

34,821 P 3 8 , 4 « 7 P83, .440

18,088 18*375-

r.22,928-r8 t604

884g0 7.6"

10, c

31,096 16,652

86 2,135

28

170 S5

79.589 100,746

186 60,484 6,472

36,796 17,216

r / Revised. 1/ Data for March 195O are for 5 weeks! other month®, 4 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis