scb_081947

AUGUST 1947

SURVEY OF

CURRENTBUSINESS

UNITED STATES DEPARTMENT OF COMMERCE

BUREAU OF FOREIGN AND DOMESTIC COMMERCE

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

Survey of

CURRENTBUSINESS

VOLUME 27, No. 8 AUGUST 1947

( Statutory Functions: "The Bureau of Foreign and Domestic Commerce...to foster, promote, and develop the foreign and domestic commerce ofthe United States'9 [Law creating the Bureau Aug. 23, 1912 [37 Stat. 408].].

Contents

Page

THE BUSINESS SITUATION 1

National Product and Income in the First Half of 1947. • 4

Redemption of Armed Forces Leave Bonds 7

STATE INCOME PAYMENTS IN 1946 9

STATISTICAL DATAi

Monthly Business Statistics. S-l to S-40Statistical Index * Inside back cover

Classification ofStatistical Sections

PageBusiness indexes . . . . . . . . . . * • . . . . . • S—lBusiness population S-3Commodity prices S-3Construction and real e s t a t e . . . . . . . . . . . . . . S—5Domest ic trade. S -6E m p l o y m e n t c o n d i t i o n s a n d w a g e s . . * . * . . * S—9Finance S-15Foreign trade S-20Transportation and c o m m u n i c a t i o n s . . * . . * 3*21Commodity sectionsi

Chemicals and allied products S-23Electric power and gas S-25Foodstuffs and t o b a c c o . . . . . . . . . . . . . . . . . S—26Leather and p r o d u c t s . . . . . . . . . . . . . . . . . . . S-29Lumber and manufactures . . . . . . . . . * . . . . S—30Metals and manufactures:g Iron and steel • S-31

N on ferrous metals and products S-32Machinery and apparatus 8-33

Paper and printing.... S—34Petro leum and coal products S-35Rubber and rubber products . S-37Stone , clay, and glass products . . . . . . . . . . S-37Textile products S—38Transportation equ ipment S-40

Canadian stat ist ics S-40

( 1 1 O 1(3—Contents of this publication are not copyrighted and [1may be reprinted freely. Mention of source will be appreciated^ Jr

Published by the Department of Commerce, W. AVERELL IlARRIMAN, Secretary—Office ofBusiness Economics, AMOS E. TAYLOR, Director. Subscription price, including weeklystatistical supplement, $3 a year; Foreign $4. Single copies, 25 cents. Make remittancesdirect to the Superintendent of Documents, United States Government Printing Office,Washington 25, D. C.


Chart L-COMPOSITION OF GROSSNATIONAL PRODUCTBILLIONS OF DOLLARS

1 0 0

7 5 \ PERSOj LX

5 0

2 5

o, i \ r

SJAL CONSUMPTION \PENDITURES^r^"^ i

150

100

7 5

5 0

2 5

\ . 0

0, U

2 5

GROSS PRIVATE * .DOMESTIC INVESTMENT I

.j \ L , 0

NET FOREIGN

0 ,vCVJffiftSffiftl&y*'*'

_XP, o

100

75

50

25

j GOVERNMENT PURCHASES* '

J

2 5

*GOODS AND SERVICES.

1945 1946QUARTERLY TOTALS, SEASONALLY

ADJUSTED, AT ANNUAL RATE

1947

47-400

755297—47-

The

Business SituationBy the

Office of Business Economies

FIRMING of commodity prices during July was accompaniedby seasonal declines in retail trade and manufacturing

activity. At the same time, total employment was at a highpoint, as a result of the summer rise in agriculture, construction,and various service trades, and the flow of personal income wasbeing bolstered by further upward adjustment of wage rates.

With consumer, business, and foreign demand remaining rela-tively steady, apart from seasonal influences, and with Govern-ment purchases showing only minor variations, there was appar-ently little change—other than that resulting from the upwarddrift of prices—in the aggregate value of production as the econ-omy entered the second half of the year. In the second quarterof 1947 gross national product was at an annual rate of 226billion dollars, according to the estimates presented in this issue.This dollar rate is somewhat higher than the war peak, reflect-ing the substantial price increases during the postwar period.

The recent advances in the weekly wholesale price index haveoccurred not merely in the volatile farm and food sectors, but inthe industrial sector as well. Thus, the 3-month period of rela-tive steadiness in the over-all price index for commodities otherthan farm products and foods was terminated in July as newincreases were made effective for a wide range of industrialproducts. Among the increases which will affect raw materialcosts for an important segment of industry was the advance inprices of principal steel products, amounting to about 6 dollarsa ton, on the average.

Inventory Rise Slackens, Foreign Investment Stepped Up

Data now available covering the second quarter show themagnitude of the counterbalancing changes that served to sus-tain private expenditures. On the downside was the decline inthe rate of inventory accumulation which, on a national productbasis, dropped from an annual rate of 2.7 billion dollars in thefirst quarter to 1.5 billion dollars in the second quarter. Themonth-to-month changes in the book value of total businessinventories were minor in both May and June, with actual de-clines—largely seasonal—being recorded at the distributive levelin the 2 months.

On the upside, net foreign investment in the second quarterrose to 10.6 billion dollars, at seasonally adjusted annual rates,an increase more than sufficient to offset the drop in net inven-tory buying. Although the value of shipments abroad in Junewas lower than in the 3 preceding months, it seems that thedecline was associated with the 3-day work stoppage at manyocean ports.

Developments in International Field

There were two significant economic events in the interna-tional field in July: First, the establishment of convertibility ofsterling received by other countries in payment for exports of

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

SURVEY OF CURRENT BUSINESS August 1947

goods and services to the United King-dom; and, second, the sale of debenturesby the International Bank for Recon-struction and Development.

The requirement to convert sterlingpaid out on current transactions intodollars or other "hard" currencies begin-ning with July 15, 1947, is part of theloan agreement between the UnitedStates and the United Kingdom whichwas signed on July 15, 1946. The lateststep makes currently earned sterling bal-ances generally transferable in worldtrade even when the United Kingdom isnot a partner. Over the last severalmonths, however, the list of countrieswhose sterling receipts could be con-verted had been gradually extended, sothat only very few additional countriesremained to be added when the deadlineof July 15th arrived. It is important tonote that the obligation to exchangedollars for sterling does not apply to pre-vious obligations, particularly to sterlingobligations incurred during the war, ex-cept in so far as specific agreementswith the creditor countries made themconvertible. At the present time the loanarrangement with the United States ismeeting the current deficit, but thesedollar resources are being depleted at amore rapid rate than contemplated atthe time the loan was negotiated, for avariety of reasons. These include theinability of the United Kingdom to meetthe projected export schedule at thesame time that increased prices of goodsobtained from the United States andother countries raised the expendituresfor imports.

Initial Borrowing by International Bank

A new source of dollars for foreigncountries was opened up by the success-ful first offering in July of 250 milliondollars of debentures by the Interna-tional Bank for Reconstruction and De-velopment. Two types of bonds were is-sued in the amounts of 100 milliondollars at 2*4 percent for 10 years and150 million dollars at 3 percent for 25years. Both issues were admitted atonce to trading on the New York StockExchange where they were quoted at apremium.

The 250 million dollars would meet thebank's requirements for the recentlygranted loan to Prance in the sameamount. Further bond issues, and the725 million dollars obtained from themembers' subscriptions (including 635million dollars from the United States)would be required to meet additional re-quirements when action is taken on fur-ther loan requests which so far amount toover 2 billion dollars.

Construction Activity Up, Awards LagOn the construction front, activity

continues to show the usual seasonalgains, with the largest relative increasesoccurring in residential building andpublic highway construction. The cum-ulative dollar value of new constructionthis year through July was 35 percentabove the value in the same period of1946. The year-to-year gains in Juneand July were 22 and 16 percent, respec-tively.

Both the number of new permanentprivate dwelling units started and thenumber completed in June were higherthan in the preceding month. June"starts" totalled 75,000, probably thehighest for any month since the periodof the twenties, and completions were63,000.

The value of contract awards for con-struction declined from May to June toabout the same volume as in March andApril, even though some rise is normallyexpected during this season of the year.For the first half of the year, the totalvalue of contract awards was about 10percent below the value in the sameperiod a year ago. Awards for nonresi-dential building, due partly to official re-strictions in effect this year, were almostone-fourth less than last years' volume,but contracts for public utilities andheavy engineering construction wererunning ahead of a year ago.

Little Change in Retail Sales

Retail sales have shown the least va-riation since the first of the year of allelements in the total demand picture.June sales, at a seasonally adjusted an-nual rate of 106 billion dollars, were atabout the same rate as in the 2 pre-ceding months and 15 percent above thefigure for June 1946.

The major area of strength in the salespicture continued to be in the durablegoods group. Sales at home furnishingsand building materials and hardwarestores advanced 10 and 5 percent, re-spectively, from May to June, after ad-justment for seasonality. Automotivedealers reported little change, however,due to the lower volume of new car de-liveries in the latest months.

Sales at nondurable goods stores weregenerally unchanged in June, althoughsome falling off in business volume wasnoticeable at eating and drinking places.The year-to-year gain for the nondur-able goods group was smaller than inthe preceding month even though foodsales in June 1946 were held down bythe limited meat supply.

Pick-up in Department Store Orders

As already noted, the accumulation ofinventories by department stores and

other retail outlets was halted during thesecond quarter of the year. This devel-opment came about as a result of theshift in buying policy instituted by thelarger merchandisers in the latter partof 1946, as a result of developmentswhich influenced other retailers withsome lag. Late this spring, however,there was evidence that this policy hadproduced the desired stock-sales ratiosin some segments so that new ordersbegan to pick up to a point more in linewith current sales. The widespread re-newal of summer sales indicates the re-turn of prewar policies of not carryingover seasonal merchandise, but theseclearances are being accompanied by thebuilding up of fall stocks.

Federal Reserve Board statistics cover-ing stocks, sales, and outstanding ordersof 296 large department stores indicatean increase in new orders in both Mayand June from the low point reached inApril. Although some pick-up in orderplacing is customarily expected at thistime, the increase this year was largerpercentagewise than that which tookplace between April and June a year ago.The rise in new orders, in addition to thelow level of merchandise receipts in June,brought about the first increase in totaloutstanding commitments of these storessince the first of the year.

Industrial Production Edges Downward

Industrial production continued toedge downward in June and July, chieflyas a result of slackening activity in somenondurable goods manufacturing indus-tries and the temporary slow down insteel operations which stemmed fromuncertainty over the signing of the newwork contract in the coal industry. TheFederal Reserve Board seasonally ad-justed index of nondurable goods manu-facturing at midyear was about 5 per-cent below the first quarter average.Durable goods manufacturing showedonly minor variations over the half-yearperiod, with supply difficulties still limit-ing the output of finished goods. Assem-blies of passenger cars and trucks, forexample, dropped from 398,000 in Juneto about 380,000 units in July, or 4 per-cent, despite the fact that there was onemore working day in the latter month.On a daily average basis, output in Julywas the lowest since January.

The dollar value of manufacturers*shipments was lower in June than in thepreceding 2 months, but the index ofshipments, which is adjusted for thenumber of working days, rose during themonth. Daily average shipments werehigher in both the durable and nondur-able goods industries.


August 1947 SURVEY OF CURRENT BUSINESS

Seasonal Gains Lift Employment Total

As a result of influences largely sea-sonal in nature, total civilian employ-ment increased in June, with approxi-mately 60 million persons reported bythe Bureau of the Census as holdingcivilian jobs, as compared with somewhatover 56 million in June 1946.

The volume of employment is nor-mally at a seasonal high in the summermonths, and the labor force also under-goes a rise as schools close down for thevacation period. Thus, the 1.7 millionrise in employment from May to Junewas acompanied by an increase in un-employment associated with these tem-porary entries. At 2,6 millions, unem-ployment was at the same level as a yearago, but the Census week came severaldays later this year and caught a largernumber of persons just out of school.

Farm work accounted for an increaseof 1.4 million jobs from May to June, asemployment in agriculture reached 10.4million, 400,000 more than a year ago.June was the second consecutive monthin which the number of farm workersexceeded the number in the correspond-ing month of 1946.

Among the seasonal changes affectingnonfarm employment, most importantwere the further rise in construction em-ployment and the advances scored inmining, transportation, trade, and serv-ices. A further factor was the return ofthe remaining telephone workers whohad been on strike.

INo Change in Factory Employment

Manufacturing employment, accordingto Bureau of Labor Statistics estimates,showed little change from May to June,a period in which some seasonal increasewas to be expected. Thus, the seasonallyadjusted index continued the slow de-cline in evidence since March of thisyear. It should be pointed out, however,that the appropriate seasonal adjust-ments are sometimes difficult to deter-mine because of changes in the long-term seasonal pattern of operations insome industries.

Within manufacturing, the recentchanges have been comparatively smalland were largely in the nature of offset-ting seasonal movements. Among theindustries reporting gains were foodprocessing and lumbering. The declinein textile and apparel employment ap-parent since the early months of the yearappeared to have been about halted inJune. The small declines in such indus-tries as radio, nonferrous metals, andrubber, however, could not be ascribed toseasonal factors.

Chart 2.—Weekly Insured UnemploymentMILLIONS OF PERSONS

J A S O N D

1945Source of data : Bureau of Employment Security, Social Security Administration.

1946J F M A M J J A S O N D

47-3871947

Unemployment Rises Seasonally

The increase of almost 600,000 in thepersons unemployed in June occurredprimarily in the school-age brackets andrepresented for the most part summerjob hunting by students just out ofschool. Over the past twelve months un-employment has moved within the nar-row range of from 1.9 to 2.6 million per-sons, with most of the variation ac-counted for by the seasonal shifting injob opportunities.

As may be seen from chart 2, insuredunemployment in mid-July was slightlyunder 2 million persons, a level whichhas prevailed since early May. The in-sured unemployment statistics are de-rived from reports on continued claims(i. e., all claims other than initial claims)filed under the State and Railroad un-employment insurance programs andunder the Veterans' Unemployment Al-lowance program and are not directlycomparable with the Census estimates ofunemployment derived from the month-ly sample survey of the labor force. Themore obvious differences between the twosets of figures stem from the limited cov-erage of the unemployment programs,the exhaustion of benefit rights, thetreatment of workers with jobs but notat work, the handling of part-time work-ers, and the definition of unemployment.

The low point over the last year in thenumber receiving State unemploymentbenefits was reached in November 1946.

By the end of the year, the number hadrisen to slightly over 1 million, and it hasremained above that level for the last 6months. On the other hand, the numberof veterans receiving unemployment al-lowances has been declining almoststeadily for more than a year, as formerservicemen found peacetime occupationsin the active job market which has pre-vailed, or, in some cases, exhausted theirbenefit rights. Some 760,000 were re-ceiving veterans' allowances in mid-July,as compared with 1.7 million a yearearlier.

Personal Income Moves Upward

Higher wage rates and farm productprices were the principal factors re-sponsible for the rise in personal incomein June to an annual rate of 193 billiondollars, after seasonal correction, but thetermination of the strike in the telephoneindustry also influenced the month-to-month change. The rate was under 192billion dollars in May and about 173billion dollars in June of last year.

The contribution of increases in aver-age hourly wage earnings to the rise inpersonal income so far during 1947 isdescribed in the quarterly analysis of theincome flow which appears in a latersection of this review. Wage rate ad-justments, affecting the cost of bothbasic raw materials and fabricated prod-ucts, have also influenced the recent up-ward move in industrial prices.


SUEVEY OF CURRENT BUSINESS August 1947

Wholesale Prices Top March Average

The advance in wholesale prices whichtook place in July resulted from increasesin the three broad groups of commodi-ties: farm products, foods, and indus-trial commodities. Unlike the price in-dexes for farm and food products, whichreached high points in March, recededsomewhat, and then rose again, the in-dex for the nonfarm, nonfood group hadshown practically no change for 3months prior to July.

New highs in fuel and lighting prod-ucts prices, reflecting primarily the Julyincrease in bituminous prices, in addi-tion to advances in the prices of ironand steel products, leather, and hidesand skins accounted for most of the in-

crease in the industrial price average.As a result of developments abroad,crude rubber prices which had been un-der steady downward pressure earlier inthe year, moved forward again in July,showing a net gain of 14 percent for themonth. It may be noted that the recentprice increases for steel and coal werenot fully reflected in the price indexesduring July.

The rise in prices of farm productsduring July reflected for the most parthigher livestock and poultry prices. LateJune and early July declines in grainprices were wiped out in following weeksand by the end of the month grain priceswere again close to the postwar highs oflast March. Except for fruits and vege-tables, prices of foods continued their

rise, the wholesale food price index atthe end of July standing 3 percent abovethe end-of-June level.

Prices of building materials continuedto edge down slightly in July, while sub-stantially lower prices for oils and fatsand drugs and Pharmaceuticals reducedthe index of chemicals and allied prod-ucts prices by 4 percent over the month.

Food Prices Lead Rise at Retail

On June 15, the BLS Consumers' PriceIndex stood at 157 (1935-39 = 100). Mostof the increase of about 1 percent overthe index for the previous month wasattributable to the higher cost of food.In the case of meats, for example, theMay-to-June advance averaged 6 percentat retail.

National Product and Income in the First Half of 1947

In the second quarter of 1947, the grossnational product, which measures themarket value of the output of goods andservices produced by the Nation, wasflowing at an annual rate of 226 billiondollars. This represented an increaseover the first quarter, but the rate ofgrowth had slackened as compared with1946.

In terms of current dollars, the levelof production is at an all time high,exceeding by 4 billion the war peak of 222billion dollars reached in the first quarterof 1945. To a considerable extent, how-ever, these dollar values reflect higherpostwar prices. The volume of produc-tion—though far above prewar levels—was below its wartime peak because lessurgent demand led to shorter hours ofwork and withdrawals from the laborforce.

As can be seen from chart 3, the post-war dip in national product was smalland the recovery rapid. The majorforces responsible for maintaining eco-nomic activity in spite of the rapidliquidation of war production can besummarized with the aid of table 1.

Postwar Expenditure Pattern

Table 1, which compares the secondquarter of 1947 with the second quarterof 1945, is similar to the table on the"Nation's Economic Budget" published inrecent annual Budget messages of thePresident and in his Economic Reports toCongress. It represents a rearrange-ment of the basic national income andproduct data so as to show the impactof the four major sectors of the econ-

omy — consumers, businesses, govern-ment, and foreign nations—upon theflow of income and production. Themain difference between table 1 and theregular gross national product statementis that it shows not only the expendi-tures for gross national product by thevarious sectors, but also their receiptsand net expenditures.

It can be seen from this table that inthe second quarter of 1947 personal con-

sumption expenditures—at an annualrate of 159 billion dollars—accounted for70 percent of total expenditures for grossnational product. In the second quarterof 1945, immediately before the end ofthe war, they constituted only 54 percent.

To put the comparison in a somewhatdifferent manner, in the second quarterof 1947 individuals saved 11 billion dol-lars at annual rates out of a total dis-posable income of 170 billion. Two years

Table 1.—Receipts and Expenditures for Gross National Product by Major Sectorsof Economy, Second Quarter of 1945 and 1947; Seasonally Adjusted Quarterly Totalsat Annual Rates

[Billions of dollars]

Persons:Disposable income _Consumption expendituresNet expenditures

Private business:Undistributed corporate profits and other

reserves *_ .._ _Gross domestic investmentNet expenditures

Rest of the world:Net foreign investment

Government:ReceiptsExpendituresNet expenditures . _ _ _

Adjustment for nongross-national-product receiptsand expenditures 2 _ _

Gross National Product or Expenditure

Second quarter 1945

Receipts

152.9

19.1

56.1

-7 .9220. 2

Expend-itures

118.8

7 6

-2 .6

104.3

-7 .9220.2

Net ex-pend-itures

—34 1

—11.5

—2.6

48.2

00

Second quarter 1947

Receipts

170.1

14.9

55.7

-14.7226.0

Expend-itures

159.0

28.8

10.6

42.3

-14.7226.0

Net ex-pend-itures

-11.1

13.9

10.6

-13.4

00

1 Consists of undistributed corporate profits, corporate inventory valuation adjustment, capital consumption allow-ances, and the statistical discrepancy.

2 Consists of Government expenditures other than for gross national product—viz., transfer payments, net interestpayments, and subsidies minus surplus of Government enterprises.

Note: The main difference between table 1 and the "Nation's Economic Budget" as published in recent annualBudget messages of the President and in his Economic Reports to Congress lies in the treatment of Government receiptsand expenditures. The measurement of Government receipts and expenditures in table 1 conforms to national incomeand product definitions (cf. footnote 1 to table 8 in the National Income Supplement to the July Survey of CurrentBusiness); in the ''Nation's Economic Budget" the "Receipts from and payments to the public" concept is employed.


August 1947 SURVEY OF CUEEENT BUSINESS

Chart 3.—Gross National ProductBILLIONS OF DOLLARS250

200 -

150 -

100 -

1945 1946 19475 - QUARTERLY TOTALS, SEASONALLY ADJUSTED,

AT ANNUAL RATE 47-399

Source of data: Office of Business Economics.

earlier, under the influence of wartimeincentives, shortages, and price controls,they had saved 34 billion dollars, or threetimes as much, out of a disposable in-come of only 153 billion. This postwarshift in consumption outlays, influencedto a considerable extent by the shortagescreated by war, was one of the most im-portant factors supporting economic ac-tivity at a high level after Governmentdemand for war output had been with-drawn.

The high volume of domestic businessinvestment has been another. As canbe seen from the table, domestic busi-ness investment, at an annual rate of 29billion dollars, represented 13 percent ofgross national product in the secondquarter of the current year. In the sec-ond quarter of 1945 it amounted to only8 billion, or 3 percent of total production.It will be recalled, of course, that at thattime the capital formation privatelyfinanced measured only a fraction of to-tal additions to capital equipment.

The increase in net sales to foreigncountries, also rebuilding their peace-time economies, further added to thepostwar demand for the output of Amer-ican business. In the second quarter,the net demand on this score was 11 bil-lion dollars, as contrasted with a negativeof 3 billion dollars two years earlier,when the rest of the world was, on bal-ance, a seller of goods to the UnitedStates.

The shift in the situation is also shownby the net receipts and expenditures ofeach sector. In the second quarter of

1947, American business and foreigncountries made a net addition of morethan 24 billion to the income stream.This was offset by personal savings of 11billion and a government surplus (cal-culated according to national incomedefinitions) of 13 billion. In the secondquarter of 1945, a Government deficit of48 billion dollars was the main expan-sionary factor. Consumers, businesses,and foreign countries had an excess ofreceipts over expenditures offsetting thegovernment deficit.

Heavy postwar consumption and in-vestment demand, bidding for a dimin-ished labor supply in the framework ofa productive organization that had notyet made a complete adjustment to post-war conditions, was sufficient in termsof dollars not only to offset the sharpreduction of government demand for waroutput, but, in addition, to give rise to

Table 2.—National Income and Product,First and Second Quarters of 1947


Table 2.—National Income and Product,First and Second Quarters of 1947—Continued


NATIONAL INCOME BY DIS-TRIBUTIVE SHARES

National incomeCompensation of employees

Wages and salariesPrivateMilitaryGovernment, civilian, -

Supplements to wagesand salaries

Proprietors' and rental in-come 2

Business and professionalFarmRental income of persons-

Corporate profits and in-ventory valuation ad-justment

Corporate profits beforetax

Corporate profits taxliability

Corporate profits aftertax

Inventory valuation ad-justment

Net interestAddendum: Compensation

of general Governmentemployees

GROSS NATIONAL PRODUCT OREXPENDITURE

Gross national productPersonal consumption ex-

pendituresDurable goodsNondurable goodsServices

Gross pri\ate domesticinvestment

New constructionR esidential nonfarmOther

Producers' durable equip-ment

Change in business inven-tories

Net foreign investmentGovernment purchases of

goods and servicesFederalLess: Government sales--State and local

Unad*justed

48.930.929.524.91.23.4

1.4

11.85.64.41.8

5.5

7.1

2.9

4.3

- 1 . 7.8

4.5

53.5

36.54.1

21.511.0

8.02.1.9

1.3

1.72.3

6.74.4.6

2.8

II

0)31.630.125.71.03.4

1.4

11.85.54.51.

0)

C1)

0)

0)-1 .0

.8

4.3

55.5

39.24.8

23.411.0

6.52.41.01.3

- . 32.7

7.14.4.5

3.1

Seasonally-adjusted,at annual

rates

197.6124.9119.4101.5

4.613.3

5.4

47.022.417.67.0

22.4

29.0

11.6

- 6 . 63.3

17.5

222.2

156.819.094.043.8

29.610.34.45.8

2.79.2

26.617.2.2

II

C1)125.8120.3103.0

4.113.1

5.5

47.021.818.07.2

0)

C1)

0)

•0)

- 4 . 13.3

16.7

226.0

159.020.095.044.0

28.89.54.15.4

17.8

1.510.6

27.617.71.8

DISPOSITION OF PERSONALINCOME

Personal incomeLess: Personal tax and non-

tax paymentsFederalState and local

Equals: Disposable personalincome

Less: Personal consumptionexpenditures

Equals: Personal saving

RELATION OF GROSS NATION-AL PRODUCT, NATIONALINCOME, AND PERSONALINCOME

Gross national productLess: Capital consumption

allowancesIndirect business tax and

nontax liabilityBusiness transfer paymentsStatistical discrepancy

Plus: Subsidies less currentsurplus of government en-terprises

Equals: National incomeLess: Corporate profits and

inventory valuation adjust-ment

Contributions for socialinsurance

Excess of wage accrualsover disbursements

Plus: Government transferpayments

Net interest paid by Gov-ernment

DividendsBusiness transfer payments

Equals: personal income-

Unad-justed

8.1. 5

38.5

36.52.0!

53.5

2.9

4.1.1

-2 .6

.048.9

5.5

1.5

.0

2.8

1.11.4.1

47.1

48.0

3.8

Seasonallyadjusted,at annual

rates

190.9

21.419.81.6.41

44.3 169.4

39.2 150.85.01 12.6

55.,

3.0

4.1.1

0)

.00)

C1)

1.5

.0

1.31.5.1

16.8.5

- 4 . 5

- . 2197.6

22.4

5.9!

.o!

10.4

4.56.2.5

190.9

191.6

21.620.01.6

170.0

159.011.0

226.0

11.8

16.6.5

0)

.10)

C1)

5.9

.0

10.1

4.56.2.5

191.6

11.2 11.7

1 Not available.2 Includes noncorporate inventory valuation adjust-

ment.NOTE.—Amounts of less than 50 million dollars shown

as .0 in the table.

heavy inflationary pressures which afterthe abolition of price controls pushedprices up to the extent shown in chart 4.As can be seen from this chart, the risein prices had levelled off in the fewmonths prior to June. Further price in-creases, however, have occurred recentlyboth in farm and industrial markets.They have been called forth less by gen-eral demand factors than by particularsupply shortages and by increases incosts.

In conjunction with the movement ofprices, the progressive slackening inthose types of demand which have pro-pelled national output to its present lev-els is of particular significance. Thisslackening is revealed by a study of themain branches of the expenditure streamsummarized in the chart on the intro-ductory page of this issue.

Inventory Rise Slackens

The behavior of business inventoriesconstituted one of the main contrasts


6 SURVEY OF CUREENT BUSINESS August 1947

between the economic situation in 1946and 1947. The year 1946 had been char-acterized by a rapidly increasing accu-mulation of inventories which reachedits peak in the last quarter of the year.This accumulation slackened noticeablyin the first quarter of 1947. In the sec-ond quarter, the net increase, measuredin current prices, amounted to about 1%billion dollars, as compared with a peakrate of about bVz billion dollars in thelast quarter of 1946. The major partof the reduction was due to a virtual ces-sation of inventory accumulation in re-tail and wholesale trade. The rate ofaccumulation in manufacturing as awhole was reduced much less sharply.

There occurred, however, a significantchange in the composition of manufac-turing inventories. Whereas in 1946stocks of purchased materials and goodsin process accounted for the bulk of theincrease, and finished products were ofdecidedly smaller importance, the 1947increase was mainly in finished goods.In the second quarter, manufacturers'stocks of purchased raw materials actu-ally declined and goods in process showedlittle change.

It would appear that the impetus be-hind the recent movement of businessinventories stems from retailers who,witnessing the easing of supplies at atime when they anticipated a levelingoff of trade, cut their purchases fromwholesalers in order to prevent or atleast to minimize further increases intheir inventories. Wholesalers, in turn,proceeded to diminish their purchasesfrom manufacturers. The consequentincrease in manufacturers' stocks of fin-ished items was offset by sharp restric-tions upon the accumulation of pur-chased raw materials, and, to a lesserextent, of goods in process.

It should be noted, of course, that thispattern, though descriptive of industryas a whole, did not apply to all branchesof activity. It was typical of those non-durable goods lines where wartime de-ficiencies had been made good. It didnot hold in segments of the economy inwhich shortages persisted, for instancein the production and distribution of stillscarce durable goods.

So far inventory buying has slackenedin a gradual manner without depressingthe over-all level of economic activity.The main reason for this lies in the factthat the expansion was limited at a stageof the postwar business cycle at whichthe demand situation was still generallystrong. As will be seen from the follow-ing discussion, other components of na-,tional expenditure expanded to compen-sate for the smaller demand for businessinventories . Most important in this con-nection was net foreign investment,though a cushioning effect was exercised

Chart 4.—Wholesale and Consum-ers9 Price Indexes

INDEX, 1935-39-= 100100

175

150

125

100

WHOLESALE

1

r

i i i i i I i . i

CONSUMERS'PRICES

, 1 , , . ,

i t *

• •

! i i i . i

1946 1947

1 Preliminary estimates for July 1947 basedupon weekly indexes through July 26.

Sources: Basic data, U. S. Department ofLabor ; conversion of wholesale prices to a 1935-39 base and estimate for July 1947, Office ofBusiness Economics.

also by fixed domestic investment andincreased personal consumption expend-itures for items that had been scarcesince the war and gradually becameavailable again. Wage rate increasesalso maintained consumer demand.

Foreign Demand at Peak

In the first two quarters of 1947 netsales to foreigners were at unprecedentedannual rates of 9 and 11 billion dollars,respectively—almost twice the level ofthe last quarter of 1946. In part, foreigndemand replaced domestic demand thatwould have been exercised in the absenceof foreign bidders. In part, however, itserved as an outlet for products forwhich domestic demand was softeningat prevailing prices, and thus prolongedthe period at which economic activitycould proceed at peak levels without thenecessity of price adjustments.

At the current rate of sales, dollar andgold resources of foreign countries arebeing drawn down rapidly, and it is ap-parent that a reduction in exports is im-pending unless these resources are re-plenished by further loans. The rate atwhich remaining available gold and dol-lar balances are spent depends on manyfactors, including the prospects of finan-cial aid, and the course of foreign pur-chases in the near future may vary with-in wide limits. However, import and for-eign exchange restrictions imposed re-cently by a number of American andEuropean countries show that attemptsto restrict imports from the UnitedStates are already being made.

Producers' Durable Equipment

Producers' purchases of durable equip-ment have continued to increase in 1947,but a slackening also was apparent inthis component of national expenditure.Prom the first to the second quarter theexpansion was at an annual rate of onlyone billion dollars, as against the rate oftwo billion which had been typical dur-ing 1946. In some instances the levelingoff of purchases was due to a softening ofdemand after immediate postwar re-quirements had been filled. In others,however, demand continued urgent andthe attainment of a plateau of produc-tion reflected the fact that capacity op-erations had been reached and that, dueto shortages of basic materials and otherfactors, only gradual further expansionof output is possible.

Rise in Construction Interrupted

Private construction has moved side-ways in 1947, small increases in the firstquarter being offset by decreases in thesecond. Virtually all categories of pri-vate construction shared this pattern.The rapid rise in construction costs andin prices charged to ultimate purchaserswhich occurred over the past year wasan important factor limiting demand forconstruction. In the second quarterconstruction costs were relatively stable,and data on starts for residential and oncontract awards for nonresidential con-struction indicated a moderate uptrendin private construction activity.

It was apparent, however, that thelevel of construction activity was inade-quate, both in terms of housing needsand in terms of the volume of construc-tion that will be required in the future tomaintain high levels of income and pro-duction. Private construction currentlyforms a very low proportion of capitalformation and of gross national productas compared with previous periods ofprosperity. In 1929, when the peak ofconstruction was well passed, privateconstruction accounted for 50 percent ofgross private domestic investment and 8percent of gross national product, ascompared with 32 percent and 4 percentin the second quarter of 1947.

Consumer Expenditures Level Off

Consumer demand remained generallyfirm in the first half of 1947. It contin-ued to be in excess of supply for manytypes of durable goods. Nondurablegoods and services also showed furtherexpansion, but here mixed tendencieswere apparent, demand losing some ofits urgency as goods became more readilyavailable.

Competition for the consumer's dollaris becoming important over a growingsegment of the economy. Even thoughDigitized for FRASER

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

August 1947 SUEVEY OF CUEEENT BUSINESS

purchases of scarce durable goods can beexpected to expand further merely in re-sponse to improvements in the supplysituation, it is apparent that expendi-tures in general are tending to parallelconsumers' disposable income. Never-theless, it seems probable that the post-war personal restocking movement hascontinued to be a factor making for ahigh level of consumer expenditures,which are to that extent, therefore, bol-stered by an element that is temporaryin character.

Role of Government

Federal government expenditures in1947 had ceased to play their spectacularwartime role of being the most importantsingle determinant of the size and pat-tern of national economic activity. Gov-ernment purchases of gross nationalproduct were near the levels to whichthey had dropped rapidly after the cessa-tion of hostilities, and no substantialchange in this situation appears to bedue in the near future. The fact thatthese purchases are comparatively sta-ble at rates which are low as comparedwith the war period does not mean thatFederal finances have ceased to be animportant factor in the economic picture.Most relevant for the immediate eco-nomic situation was the large FederalGovernment surplus which exceeded the13 billion dollar annual rate shown forthe combined Federal and State and localsurplus in table 1. Given the generalexcess of demand over supply in the restof the economy taken as a whole, thissurplus served as a check upon infla-tionary developments.

In addition to this particular influence,however, the increase of Federal ex-penditures and receipts as compared

with prewar tends to decrease the sensi-tiveness of the economic structure to theimpact of cyclical disturbances. Cur-rently Federal purchases of gross na-tional product are at annual rates of 18billion dollars or 8 percent of the total,as compared with 1 percent in 1929 and6 percent in 1939. These substantialpurchases are less influenced than otherpurchases of national output by changesin the level of economic activity and canthus be expected to exercise a stabilizinginfluence. The tax structure which sup-ports the increased level of Federal ex-penditures has a similar influence. Theeffect of initial changes in economicactivity and income on disposable in-come is mitigated, because taxes absorbpart of the change. Hence, the effectupon spending is dampened and thesecondary changes in income and eco-nomic activity are smaller.

State and local government expendi-tures continued to expand in the firsthalf of 1947 as a result of higher costs ofgovernment operations and some in-crease in construction. Though Stateand local construction has about tripledsince the end of the war it is still lowboth in terms of past achievements andalso in terms of State and local plans forpostwar construction.

Flow of Income

The flow of income has been main-tained at high levels thus far in 1947,with noteworthy stability both in the ag-gregate and in the major components.Wages and salaries reflected mainly thegradual stabilization of production. Thetotal increased moderately each quarter,private pay rolls more than compensat-ing the reduction in government. With-in the private sphere a large part of the

increase was concentrated in durablegoods manufacturing. Expansion inother industries was noticeably slower.

Increases in average hourly earningscontributed to the increase in pay rolls.They were accelerated in May and June,but even earlier were a factor in theeconomic situation, tending to increasepurchasing power and to sustain con-sumer expenditure. Available data indi-cate that in manufacturing and tradecombined, which currently account formore than one-half of private pay rolls,the change in pay rolls between thefourth quarter of 1946 and the firstquarter of 1947 which was attributable tochanges in average earnings amountedto about one and a half billion dollars atannual rates, and to about three billionbetween the fourth quarter of 1946 andthe second quarter of 1947.

With the rise in the volume and valueof business, first quarter profits of cor-porations and of unincorporated enter-prises increased as compared with thelast quarter of 1946.

The profit record of various industriescontinues to be divergent. In general,the reconversion industries in the durablefield are now experiencing the favorableresults of expanding production. Theposition of the railroads has changedmarkedly for the better. Other publicutilities showed a moderate rise. Thenondurable manufacturing industries inthe aggregate are just about holdingeven. In the distributive trades, profitsremained high, though below the peaksattained in the strong sellers' marketlast year.

Data on corporate profits for the sec-ond quarter are as yet fragmentary, butno sizable change from the first quarterfigure is expected.

Redemption of Armed Forces Leave BondsRedemption of Armed Forces Leave

Bonds on or after September 2, 1947,permitted under legislation passed in lateJuly, may be expected to provide a tem-porary stimulus to personal consump-tion expenditures in the immediate fu-ture. In signing the bill, the Presidentissued a statement urging veterans notto cash their bonds unless they are inurgent need of the money now.

The Armed Forces Leave Act, enactedAugust 9, 1946, had provided for the pay-ment of unused leave due enlisted menwhen demobilized in bonds maturing in5 years and bearing interest at 2l/z per-cent. The bonds were issued, one to aveteran, in multiples of 25 dollars (anda minimum of 50 dollars) with odd

amounts paid in cash. In order to pre-vent a substantial addition to purchas-ing power at that particular time, thelaw stipulated that the bonds be non-negotiable and nonredeemable. Bondpayments were based upon accrued leave,rank at time of discharge, subsistenceand quarters allowances, and length ofservice, with payment limited to a maxi-mum of 120 days leave.

Bonds Total 1.8 Billion Dollars

As of June 30, 1947, approximately8,500,000 veterans held Armed ForcesLeave Bonds having a face value plusaccrued interest of 1,838 million dollars(see chart 5). Fifty-four million dollarshad been redeemed through death and

applications to insurance premiums. Al-though it is difficult to estimate howmany of the remaining 6,000,000 veteransof World War II are eligible for bondpayments and may be expected to makeapplications before September 1, 1948(the new deadline replacing September 1,1947), indications are that the bonds al-ready issued constitute the bulk of theGovernment liability.

The average holding (face value plusinterest) is 216 dollars and 82 percent ofthe total bond value is in denominationsof 400 dollars or less. While the size ofbonds ranges from 50 dollars to 1,000dollars and more, the greatest concentra-tion of total bond value is in the smallerdenominations, with almost 30 percent


8 SURVEY OF CURRENT BUSINESS August 1947

Table 3.—Distribution of Armed Forces Leave Bonds Outstanding as of June 30,1947

Bond denomination 1

$50-100125-200 _225-300 . _325-400425-500525-1,000 .1,025 and over

Veterans holding bonds

Number Cumulativenumber

Thousands

1, 7623,2842, 016

812336275

15

1, 7625, 0467, 0627, 8748,2108,4858,500

Cumulativepercentage

distribution

20. 759.483.192.696.699 8

100. 0

Bond value

Amount

(face valueinterest)

Cumulativeamount

Millions of dollars

142544529295157152

19

142686

1,2151,5101, 6671,8191, 838

DIUS accrued

Cumulativepercentage

distribution

7 737.366.182.190.799.0

100. 0

1 Bonds are in $25 multiples (and a minimum of $50) with one bond to a veteran.

Source: U. S. Treasury Department.

of the total bond value in 125 to 200 dol-lar bonds, and an additional 29 percentin 225 to 300 dollar bonds. The concen-tration of veterans holding bonds in thesmaller denominations is even greater,with 93 percent of the veterans holdingbonds in denominations of 400 dollars orless, and 39 percent in denominationsranging from 125 to 200 dollars. Thedistribution of bond value and veteransholding bonds, by denomination of bond,is shown in table 3.

Parallel Experience in 1936

A parallel to the permissive redemp-tion of Armed Forces Leave Bonds on

September 2, 1947, is to be found in thepayment of the Adjusted Service Certif-icates in 1936. The World War VeteransAdjusted Compensation Act of 1924 pro-vided "adjusted service credit" to veter-ans on the basis of length of service inexcess of 60 days during World War I—$1.25 for each day of service overseas and$1 per day for service at home—with amaximum of 625 dollars for overseas vet-erans and 500 dollars for nonoverseasveterans.

The Adjusted Compensation Act of1936 provided for the immediate pay-ment of the face amount of AdjustedService Certificates, which had been is-

Chart 5.—Adjusted Service Bonds and Armed Forces Leave Bonds

BILLIONS OFOOLLARS3

ADJUSTED SERVICEBONDS- 1936

MILLIONS OFPERSONS15

ARMED FORCES LEAVEBONDS- 1947

DOLLARS600

- 400 -

- 200 -

BONDSISSUEDi/

VETERANSRECEIVING

BONDS

AVERAGEVALUE OF

BONDS

n 1 v////\ BMfi f nBONDS ISSUED, ASPERCENTAGE OFDISPOSABLE PER-SONAL INCOME^

47-4051 Represents adjusted service bonds issued during and after 1936, and armed forces leave bondsissued through June 30, 1947, less a small amount paid on death or applied to payment of insurancepremiums.

2 Data for disposable personal income are totals for first half of 1936 and 1947, seasonally adjusted,at annual rates.

Sources of data : TJ. S. Treasury Department and Office of Business Economics.

Chart 6.—Redemptions of Ad-justed Service Bonds: Percent-age of Total Issued

PERCENTIOO

25

CUMULATIVEPERCENTAGE

PERCENTAGE' IN PERIOD

S O N D J F M A M J J A S O N1937

Source of data : U. S. Treasury Department

sued pursuant to the 1924 law, less out-standing loans and accrued interest toSeptember 30, 1931. Payment was au-thorized to be made on or after June 15,1936, by the issuance of nonnegotiablebut immediately redeemable bonds inthe denomination of 50 dollars with oddamounts between 50-dollar multiplespaid by check. Bonds were dated June15, 1936, to mature on June 15, 1945, andaccrued interest at the rate of 3 per-cent, with no interest payable prior toJune 15, 1937.

Under the Act, veterans received bondstotaling 1,850 million dollars andchecks totaling 84 million dollars. In all,approximately 3,500,000 veterans ofWorld War I received Adjusted ServiceBonds averaging about 530 dollars.

Rapid Cashing in of 1936 Bonds

The bulk of the bonds were cashed inalmost immediately: 39 percent in thefirst 15 days, 61 percent in the first 45days, and 75 percent in the first year.The actual distribution of redemptionsover the 1936-37 period is illustrated inchart 6. How much of the bonds cashedwas actually spent within given timeperiods is not known since there is noway of determining what expenditureswould have been without this stimulus.Retail sales data show some unusual risein sales of apparel stores and generalmerchandise stores in July, 1936, but in

(Continued on p. 24)Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

August 1947 SUKVEY OF CURRENT BUSINESS 9

State Income Payments in 1946By Charles F. Schwartz and Robert E. Graham, Jr.

DURING 1946 income payments to in-dividuals were at a record high in

nearly every State.1

For the continental United States as awhole, total income received by individ-uals in 1946 amounted to more than 169billion dollars, approximately one-tenthabove the previous all-time high of 155billions in 1945. In four-fifths of theStates, the 1945-46 increase in individualincomes was 5 percent or more (see table1). In 15 States, it was as much as 12percent or more, with Iowa's gain of 27percent ranking highest. In the threeSouthern States where 1946 total incomesfailed to rise—Florida, Louisiana, andMississippi—the declines were fractional.

Income gains of 10 to 12 percent werescored in the Central, New England, andMiddle Eastern regions. In the Far West,Southeast, and Southwest—the threeareas where the war effort had providedthe greatest impetus to the expansion ofincomes—the 1945-46 gains were of less-than-average proportions.

Total income payments in 1946 werealso high throughout the country bycomparison with the peak war year 1944.With the national total of income pay-ments last year 12 percent above 1944,throughout the National generally theflow of income to individuals was appre-ciably higher than during the war. Ex-ceptions are found principally in severalof the Southern and Western States. Insuch States, the lag behind the Nation-wide 1944-46 expansion resulted directlyfrom the drastic curtailment of a specificwar activity (such as shipbuilding, air-craft production, or the concentration of

1 Technical notes denning State incomepayments are provided at the end of thearticle. Attention is called in particular tothe explanation of the status of the State in-come series in relation to the revised nationalincome and product series published in theNational Income Supplement to the July 1947SURVEY.

NOTE.—Mr. Schwartz and Mr. Graham aremembers of the National Income Division,Office of Business Economics.

SummaryIn nearly every State the flow of

dollar income in 1946 was at a rec-ord level, appreciably higher thanduring the war.

Largest relative income gainsduring 1946 were scored in theCentral, New England, and MiddleEastern regions. In the Far West,Southeast, and Southwest—thethree areas where individual in-comes had been boosted to an un-usual degree by the stimulus of thewar effort—the 1945-46 gains wereof less-than-average proportions.

Comparison of the State distri-butions of income payments for1946 and 1940 reveals a significantredistribution of income from NewEngland and the Middle EasternStates to the South and West. Ingeneral, this was an acceleration of1929-40 trends.

This article continues the seriesof reports on State income pay-ments which have been publishedannually in the SURVEY.

military and naval establishments) thathad become a major source of income.Even in these States, however, aggregate1946 incomes were close to peak wartimelevels.

It is fully apparent, then, that on aState and regional basis, as well as forthe Nation as a whole, the year 1946was one of high prosperity. The Stateincome data reflect generally swift ad-justments to peacetime conditions in allparts of the country. This is a general-ization of prime importance that never-the less does not deny the severity of re-adjustment problems in specific localareas and the unequal impact of thetransition period on various incomegroups or classes of the population.

Developments on National ScalePrior to a further discussion of State

income payments in 1946 as comparedwith those in previous years, a summarypicture of developments on a nationalscale should prove useful. Moreover, forthe purpose of analyzing the principalshifts in the geographic distribution ofincome from prewar 1940 through post-war 1946, a knowledge of the moredynamic elements in the Nation's incomeflow is essential. These elementsstemmed in large measure from Federalwar spending, an income generatingforce of "national origin" that condi-tioned geographic changes in incomepayments to a considerable degree.

Table 2 shows, for the continentalUnited States for selected years since1940, total income payments and theprincipal components to which thechanges in total income can be traced.

Prom 1940 to 1943 the aggregate in-come received by individuals rose from76 billion dollars to 140 billions. Three-fifths of this unprecedented 64-billion-dollar expansion was contributed by"war" manufacturing payrolls, pay of thearmed forces, Federal civilian pay rolls,and agricultural income. The upsurgeof these four sources of income resulteddirectly—particularly for those otherthan agricultural income — from therapid climb of Federal war spending.Their uneven expansion among theStates contributed markedly to an accel-eration of the prewar redistribution ofincome in favor of the South and FarWest.

In 1944, however, these four sources ofincome accounted for only one-sixth ofthe 11-billion increase in total incomepayments. War production having lev-elled off, expansion of total incomestemmed mostly from payments by tradeand service establishments, military al-lowances and allotments, and Federal in-terest payments. Their geographic ex-pansion was rather uniform, and theState distribution of income payments in1944 was closely similar to that in 1943,

755297—47-Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

10 SUEVEY OF CURRENT BUSINESS August 1947

The annual data for 1945 reflect thesummary effects of the strikingly differ-ent developments before and after VJ-day. On a Nation-wide basis, neitherthe level nor composition of incomepayments changed markedly from 1944through the second quarter of 1945.With the surrender of Japan and theimmediate curtailment of war produc-tion, income payments in the fourthquarter of 1945 were nevertheless main-tained at the wartime level by (1)greatly expanded volumes of mustering-out payments to discharged servicemenand unemployment benefits, (2) an in-come spurt in the trade and service sec-tors as consumer spending turnedsharply upward, and (3) a continued

advance of income payments by mostother private nonagricultural industries.These developments are manifested inthe State distribution of income by theslightly reduced shares of the Nation's1945 total received by States where warspending had boosted income paymentsto an unusual degree. The distributionof income in 1945, however, was verysimilar to that in 1944.

Income Flow in 1946Comparison of the 1946 and 1945 data

shown in table 2 reveals, for the mostpart, an accentuation of the 1944-45 in-come changes. These are, on the onehand, contracted pay rolls in "war" man-ufacturing, sharply reduced military

Table 1.—Percent Distribution of, and Relative Changes in, Total Income Payments,by States and Regions, Selected Years, 1929-46 l

State and region

Continental United States

New EnglandConnecticutMaineMassachusettsNew HampshireRhode IslandVermont

Middle EastDelaware . ___District of ColumbiaMarylandNew JerseyNew York _ _ _PennsylvaniaWest Virginia

SoutheastAlabama. _Arkansas ._ _.FloridaGeorgiaKentuckyLouisianaMississippiNorth CarolinaSouth CarolinaTennesseeVirginia _____

SouthwestArizonaNew Mexico _OklahomaTexas ___ __

Central __Illinois _"_IndianaIowa _MichiganMinnesotaMissouriOhioWisconsin

NorthwestColoradoIdaho _Kansas __MontanaNebraska-_North DakotaSouth DakotaUtahWyoming

Far WestCaliforniaNevada __Oregon,Washington

1929

100.00

8.221.77

.544.58

37.70.26

33.70.26.77

1.343.96

17.538.88

.96

10.51.97.68.84

1.161.171.04

661.17

.531.101.19

5.03.30.19

1.313.23

29.328.522.271.634.291.752.675.952.24

4 75.77.28

1.20.39.92.32.3533

.19

8 476. 31

.09

.731.34

Percent distribution

1940

100.00

8.071.87

.574.36

35.67.25

32.06.31

1.191.614.14

15.608.211.00

11.921.00

.651.191.301.161.12

581.49

.721.221.49

5.15.31.25

1.093.50

28.567.572.451.634.511.882.525.862.14

4 44.78.31

1.00.42.75.31.3235

.20

9.807.39

.12

.841.45

1943

100.00

7.311.89.61

3.6827

.66

.20

27.66.27

1.031.723.84

12.597.33

.88

13.881.27.70

1.501.531.201.34.77

1.61.81

1.421.73

6.09.43.27

1.144.25

27.976.682.661.614.901.622.405.962.14

4.96.81.34

1.27.37.83.36.32.49.17

12.138.79

.151.122.07

1944

100.00

7.081.79.57

3.6028

.64

.20

27.77.27

1.001.683.83

12.767.33

.90

14.201.29.74

1.571.561.211.32

.791.66

.841.511.71

6.11.38.28

1.204.25

27.646.792.601.454.741.592.395.902.18

4.95.76.35

1.30.35.86.37.36.42.18

12 258.91

.141.082.12

1945

100. 00

7.001.70

.553.62

30.62.21

28.08.25

1.041.613.72

13.187.33

.95

14.351.30

.781.561.581.261.28.78

1.69.84

1.571.71

6.04.38.29

1.164.21

27.626.892.641.534.381.682.435.872.20

4.96.82.34

1.23.36.86.36.39.42.18

11.958.79

.141.051.97

1946

100. 00

7.081.70

.543.70

.32

.59

.23

28.35.25

1.021.603.64

13.527.34

.98

13.811.22.78

1.401.511.281.17.70

1.79.83

1.501.63

5.73.37.29

1.093.98

28.267.102.591.784.361.822.575.792.25

4.99.81.35

1.17.40.88.37.40.41.20

11. 788.78

.141.021.84

1929 to1940

- 8

- 1 0- 3

A

- 1 3— 11- 1 2- 1 3

- 1 3+10+42+10

- 4- 1 8- 1 5

- 4

+4- 5

- 1 2+29+3- 9

-18+17+24+2

+14

- 6- 3

+18- 2 3

- 1

—11- 1 8

i

- 9- 3- 1

- 1 3- 1 0- 1 2

— 14

+1- 2 4

—26- 1 0- 1 6

- 3- 2

+6+7

+24+5

(2)

Percent change

1940 to1946

+123

+96+103+113+90

+102+97

+105

+98+80+92

+122+96+94

+100+118

+159+172+169+163+160+146+134+167+168+158+174+144

+149+164+158+123+154

+121+109+136+144+115+1164127+120+134

+151+134+153+163+108+162+163+178+160+122

+109+1G5+155+173+184

1940 to1944

+99

+75+92

+101+65+56+88+63

+73+68+67

+108+85+63+78+80

+138+155+128+163+141+107+136+168+122+132+146+130

+136+145+121+118+143

+93+79

+111+77+109+69+89

+100+103

+123+95

+127+161+65

+128+135+126+140+77

+149+140+124+158+191

1944 to1946

+12

+12+6+6

+15+30+4

+26

+14+7

+15+7+6

+19+12+21

+9+7

+18(2)+8

+19- 1- 1

+21+11+11+6

+5+8

+17+2+5

+14+17+12+38+3

+28+20+10+15

+13+20+11+1

+27+15+12+23+8

+25

+8+10+14+6

q

1945 to1946

+9

+10+9+8

+11+18+5

+16

+10+9+8+9+7

+12+9

+13

+5+3+9

2+5

+10(2)

- 2+16+8+4+4

+4+6

+10+3+ 3

+1?+12+7

+27+ 9

+18+15+8

+11

+10+9

+12+4

+21+12+10+13+6

+17

+8+9

+12+6+2

1 Computed from data shown in table 12.2 Less than five-tenths of 1 percent.Source: Office of Business Economics.

payments, and lower Federal civilianpay rolls; and, on the other, an impres-sive 10-billion-dollar increase in incomefrom trade and service, a rise of one-fifthin pay rolls of "nonwar" manufacturingindustries, a greatly enlarged volume ofveterans' pensions and benefits, and asharp increase in agricultural income.

Prices were an important element inthe 1946 income expansion. The under-lying economic pressures continued to beinflationary. When these were un-leashed by the elimination of price con-trols, prices climbed rapidly in the latterhalf of the year. The consumers' priceindex of the Bureau of Labor Statistics,which had advanced 4 percent over the3-year period 1943-45, rose 15 percentfrom June to December in 1946, and forthe year as a whole averaged 8 percentabove 1945.

Particularly to be noted from table 2are the marked shifts in the compositionof income payments from 1944 to 1946and the sources of the 18-billion-dollargrowth of total income. The aggregateof "war" manufacturing pay rolls, mili-tary payments, and Federal civilian payrolls was 17 billion dollars less in 1946than in 1944. This reduction, amount-ing to almost two-fifths, was much morethan offset by the 35-billion-dollar in-come expansion in "nonwar" sectors ofthe economy. The principal role of tradeand service in this expansion is clearlyevident.

Changes in Income SourcesIn broad outline, this national pattern

prevailed on a State basis. In everyState, income payments in 1946 approxi-mated or exceeded the 1944 total mainlyby virtue of a rise in income from tradeand service, "nonwar" manufactures,and agriculture replacing—or some-times far outstripping—the loss of in-come from "war" manufactures, militarypayments, and Federal civilian pay rolls.Further generalization would involveoversimplification, as there were widedifferences among the States in the rela-tive importance of these several sourcesin the 1944 income stream and in therates at which they changed from 1944to 1946. These differences are summar-ized in table 3. This table permits an-alysis by States and regions of the majorchanges in the levels and sources of in-come payments that occurred in thetransition from war to peace.

No less interesting than a comparisonof wartime and postwar incomes is ananalysis of the changes which occurredbetween the immediate prewar periodand 1946. Table 4 measures for eachState and region the proportion of totalincome payments in 1940 and 1946formed by agricultural income, manufac-turing wages and salaries, trade and


August 1947 SURVEY OF CURRENT BUSINESS 11

service income, and government incomepayments. The table thus provides datafor analysis of prewar to postwar changesin the principal industrial sources, of in-come payments and, correlatively, thecomparative importance of these sourcesin contributing to the 1940 to 1946 in-come expansion.

It is clear, for example, that agricul-ture provided the greatest impetus to the1940-46 growth of total income paymentsin the Northwest and in several of thefarm States of the Central and South-eastern areas. The influence of manu-facturing on the growth of aggregateincomes from 1940 to 1946 was most pro-nounced in New England, the MiddleEast, and the Southwest.

Trade and service were more impor-tant in the Middle East, Southwest, andFar West than elsewhere in contributingto the rise in incomes from 1940 to 1946.In every part of the country, income pay-ments by Federal and State and localgovernments accounted for a largershare of all income in 1946 than in 1940.But the influence of government wasmost pronounced in the South. Thiswas due mainly to military payments,which even in postwar 1946 formed asmuch as 5 percent of total income in thetwo Southern regions.

Redistribution of Income

The probable nature of the geographicdistribution of income in the immediatepostwar period was a principal subjectof analysis in the reports on State in-come payments of the last few years.

Table 2.—Income Payments to Individuals in Continental United States, 1940 and1943-46

Item

"War" manufacturing pay rolls 1__. _"Nonwar" manufacturing pay rolls 2

Pay of armed forces 3

Military allowances and allotments 4

Federal civilian pay rolls 5

Agricultural income 6 . . . . . .-Trade and service income 7

Unemployment benefits 8. _ .Veterans' pensions and benefits 9

All other income

Total income payments


1Ii

. .

1940

7.37.9

.4

1.75.4

18 2.5.4

34.1

75. 9

1943

27.113.25.53.06.9

12.828 1

.1

.442.9

140.0

1944

28.214.05.26.27.3

13.431 5

.1

.644.7

151. 2

1945

22.814.74.28.57.0

14.035 1

.41.1

47.4

155.2

1946

18.017.72 .34.05.8

16.744 8

1.14.4

54.6

169. 4

1 "War" manufacturing industries include chemicals and allied products, rubber products, iron and steel and theirproducts, ordnance and accessories, transportation equipment (except automobiles), nonferrous metals and theirproducts, electrical machinery, machinery (except electrical), and automobiles and automobile equipment.

2 "Nonwar" manufacturing industries consist of food and kindred products, tobacco manufactures, textile-mill products, apparel and other finished fabric products, lumber and timber basic products, paper and allied products, printingand publishing, products of petroleum and coal, leather and leather products, stone, clay, and glass products, andmiscellaneous manufacturing industries.

3 Net of allotments of pay to individuals and of contributions to family-allowance payments.4 Include family-allowance payments, allotments of pay to individuals, mustering-out payments, and enlisted men's

cash terminal leave payments.5 Include pay of employees (net of their contributions to retirement funds) in the Federal Executive Service in the

continental United States.6 Includes net income of farm operators (adjusted for change in inventories of crops and livestock), farm wages, and

net rents to landlords living on farms.7 Includes wages and salaries (net of employee contributions to social insuiance programs) and proprietors' income.8 Include State unemployment compensation benefits and railroad unemployment insurance benefits.9 Include pensions and disability compensation, readjustment allowances, self-employment allowances, cash subsis-

tence allowances, and State government bonuses to veterans of World War II.

Source: Office of Business Economics.

The nature of developing war-periodshifts, the appraisal of regional differ-ences in sources of war-period incomegrowth, and the geographic income dis-tribution in the fourth quarter of 1945shown by special compilations presentedin the August 1946 SURVEY all furnishedthe general preview of a significant re-distribution of income from New Eng-land and the Middle Eastern States tothe South and West.

These are the main shifts in the geo-graphic distribution of income now indi-

Map 1.—Percentage Increase in Total Income Payments, 1946 from 1940

£ 8 8 8 140 TO 160

V//A I 15 TO 139

WWi UNDER 115

UNITED STATES 123

Source of data : Office of Business Economics.

cated by a comparison of the 1946 and1940 State income totals. They areclearly portrayed in map 1. Of the 24States which scored 1940-46 increases inincome payments falling in the two topbrackets depicted on the map, 23 arelocated in the Southeast, Southwest,Northwest, and Far West. On the otherhand, all but two States falling withinthe lowest bracket are in New Englandand the Middle East. Aggregate incomereceived in the four Southern and West-ern regions rose 159 percent from 1940to 1946. This contrasts with the 97 per-cent gain for the New England and Mid-dle Eastern areas combined. The incomegain of the Central region closely ap-proximated the Nation-wide average.

This pattern of change in the geo-graphic distribution of income accords,in general, with that occurring over theprewar period 1929 to 1940. In the pre-war period, as well as from 1940 to 1946,New England and the Middle East re-ceived declining shares of the country'stotal income and the two Southern re-gions and the Far West received increas-ing shares. Over the span of both pe-riods, the share received by the largeCentral region was relatively constant.The Northwest, however, furnishes anexception to the generalization thatchanges in the geographic distributionof income between 1940 and 1946 werein accord with developments of the pre-war decade. This region's income sharewas reduced over the 1929-40 period, butit rose appreciably from 1940 to 1946.


12 SUKVEY OF CURRENT BUSINESS August 1947

Regions with Declining TrendsOver the period 1929 to 1946 compara-

tive stability and a declining trend rela-tive to the Nation characterized NewEngland's income payments. The re-gional movements were dominated byMassachusetts, which receives about halfof New England's total income. Therelative income decline of the region wasslight from 1929 to 1940 but was accel-erated from 1940 to 1946.

The declining relative trend of theMiddle East was slight in the prewarperiod but was more accentuated overthe 1940-46 period. The relative de-cline centered in New York and Pennsyl-vania in the prewar years but was quitegeneral throughout the region in thelater period. The 1940-46 decline in theregion's income share was a compositeof a sharply accelerated relative declinefrom 1940 to 1944 and a better-than-average income record from 1944 to 1946.These were determined by New Yorkand are attributable mainly to the lesserrole of direct war activities in the State'seconomy.

While for market analysis significanceshould be attached to the long-term de-clining relative trends of income pay-ments in New England and the MiddleEast, two facts of correlative importancewill not be overlooked. These are thatthe two regions have comparatively highper capita incomes and are principalcenters of population.

Gains in South and Far West

The marked improvement in the rela-tive income position of the Southeastbetween 1940 and 1946 was an accelera-tion of prewar developments. In the1929-40 period total income paymentsincreased 4 percent in this region, ascontrasted with the 10 percent declinein the rest of the country. In the1940-46 period, income growth in theSoutheast was second only to that in theFar West. Strides in industrializationand expanded flows of government in-come payments were major elements inthe income gains in both periods. Dur-ing the war military payments were ofunusually large volume in the Southeast,and their reduction with the end of thewar was the main reason why the South-east's income share was reduced between1944 and 1946.

In the Southwestern region, Texas,New Mexico, and Arizona scored 1940-46gains in income payments substantiallybettering the national average, whilethat of Oklahoma matched it. Each ofthem except Oklahoma improved its in-come position in the prewar decade. Asin the Southeast, growth of manufac-tures and relatively large government in-come payments were the principal fac-

Table 3.—Selected Components of Total Income Payments, by States and Regions:Percent of Total Income in 1944 and Percent Change, 1944 to 1946

State and region


New EnglandConnecticutMaineMassachusettsNew Hampshire .Rhode IslandVermont

Middle EastDelawareDistrict of Columbia.MarylandNew JerseyNew YorkPennsylvaniaWest Virginia

SoutheastAlabamaArkansasFloridaGeorgiaKentuckyLouisianaMississippiNorth Carolina.South Carolina-.TennesseeVirginia

SouthwestArizonaNew Mexico.OklahomaTexas

CentralIllinoisIndianaIowaMichigan-_Minnesota.MissouriOhioWisconsin..

NorthwestColoradoIdahoKansasMontanaNebraskaNorth Dakota..South Dakota..UtahWyoming

Far WestCaliforniaNevadaOregonWashington

Percent of total income payments in 1944

"War"manu-

fac-turing

payrolls i

18.8

23.739.316.319.66.0

21.112.7

18.829.2

.123.531.513.223.513.0

Federalpayrollsandmili-tary

allow-ances 2

8.315.23.08.29.58.6

10.34.64.71.3

12.37.8

9.26.91.28.6

10.1

27.421.732.78.1

44.511.413.534.124.0

6.35.4.5

14.62.65.9.1.4

3.9.1

18.818.67.1

19.220.4

12.6

10.45.0

14.811.710.015.86.3

11.07.9

50.815.9

9.68.8

22.319.920.928.823.615.220.425.218.828.614.130.2

20.123.328.619.119.5

7.58.77.57.45.56.7

10.97.45.4

14.016.617.713.19.0

13.35.7

11.423.115.7

13.313.522.98.1

14.7

'Non-war"

manu-fac-

turingpay

rolls s

9.4

13.67.8

17.114.426.616.314.9

11.76.42.27.6

11.814.110.57.7

9.78.37.04.5

12.16.68.57.0

18.118.18.67.5

5.13.21.74.55.7

8.710.78.27.45.69.4

10.17.5

11.4

4.44.75.84.94.05.21.73.04.04.5

6.75.71.3

13.18.3

Agri-cul-

turalncome4

8.9

2.42.07.51.44.2.8

13.1

2.27.9

3.51.61.92.64.8

15.413.426.311.512.718.89.8

27.722.217.112.310.2

14.814.016.917.913.9

9.06.09.2

31.04.7

19.712.34.4

14.1

27.715.432.723.231.229.257.847.412.822.3

9.28.68.2

11.610.3

Tradeandserv-

ice in-come 5

21.0

19.716.718.921.322.118.419.8

22.616.223.219.918.226.419.616.9

19.218.620.422 220 418.620.217.217.017.319.818.7

20.521.118.720.220.6

20.122.118.219.318.222.023.618.819.3

18.621.817.416.618.619.917.018.319.117.8

23.224.121.221.420.2

Percent change, 1944 to 1946

War"manu-

fac-turingpay

rolls i

Federalpayrollsandmili-tary

allow-ances 2

- 3 6

- 3 0- 2 8—74- 2 7+6

- 3 4- 3 5

- 3 2- 2 5+3

- 4 3- 3 7- 3 0- 2 9

- 9

- 4 9- 4 7- 7 1- 7 9- 7 2- 3 8- 7 1- 3 0- 5 8- 2 8- 1 9- 2 4

- 6 4- 7 5

+132- 7 1- 6 3

27- 2 1- 2 9- 2 8- 3 1- 3 8- 3 7- 2 6- 2 7

- 5 8- 4

+46- 7 4- 1 4- 6 4+50+9

- 2 8+25

- 6 4- 5 9- 7 3- 8 0- 7 4

- 3 5

- 4 3- 3 6- 4 8- 4 3- 3 6- 5 1- 1 0

- 2 7- 4 5- 5

- 2 0- 2 1- 3 6- 3 4- 2 9

- 4 4- 4 2- 4 6- 5 4- 4 9- 3 1- 4 9- 5 0- 3 8- 5 5- 3 1- 3 3

- 4 5- 5 4- 4 6- 4 7- 4 4

- 2 6- 2 8—24- 2 8- 3 2

n- 2 8- 2 7- 2 3

- 3 9- 2 6- 6 0- 4 5—19—47- 1 3- 3 8- 3 1- 4 9

- 3 0- 2 9- 5 8- 3 4

'Non-war"manu-

fac-turingpay

rolls 3

+26

+31+31+35+30+30+34+29

+27+50+29+28+25+26+28+33

+30+32+19+26+34+34+22+20+34+31+32+28

+27+8

+45+17+17

+24+26+19+14+22+24+20+30+18

+19+26+25+15+22+15+11+17+26+26

+27+32+59+20+16

Agri-cul-

turalin-

come 4

f-24

+33+23+50+27+46+8

+29

+28- 1 9

+20+43+26+28+48

+19+15+29+14+20+26+4

-18+25+36+35+19

+4+30+10

- 6+5

+44+53+46+68+23+38+38+40+25

+13+19+2+8

+27+25

- 8+21+3

+38

+20+21+45+23+12

Tradeandserv-

ice in-come 5

+42

+38+40+33+38+45+29+50

+41+41+36+46+40+41+41+45

+41+38+45+39+45+45+35+41+49+36+42+36

+41+44+65+31+42

+42+38+49+54+34+65+35+42+45

+49+52+58+40+60+46+51+46+50+61

+46+49+75+43+36

1 "War" manufacturing industries include chemicals and allied products, rubber products, iron and steel and theirproducts, ordnance and accessories, transportation equipment (except automobiles), nonferrous metals and their prod-ucts, electrical machinery, machinery (except electrical), and automobilies and automobile equipment.

2 Comprise pay of Federal civilian employees, net pay of armed forces, family-allowance payments to dependents ofenlisted military personnel, voluntary allotments of military pay to individuals, mustering-out payments to dischargedservicemen, and enlisted men's cash terminal leave payments.

s "Nonwar" manufacturing industries consist of food and kindred products, tobacco manufactures, textile-millproducts, apparel and other finished fabric products, lumber and timber basic products, paper and allied products,printing and publishing, products of petroleum and coal, leather and leather products,.stone, clay and glass products,and miscellaneous manufacturing industries.

4 Includes net income of farm operators (adjusted for changes in inventories of crops and livestock), farm wages, andnet rents to landlords living on farms.

s Includes wages and salaries and net income of proprietors.


tors in the region's substantial progressover the entire period 1929-46.

In both the 1929-40 and 1940-46 pe-riods, the top-ranking regional increasein total income payments was registeredby the Par West. This record perform-ance reflected larger-than-average gains

in nearly every type of income. Ofgreatest importance were those stemmingfrom the manufacturing, government,and trade sectors. Large populationgrowth was also a fundamental factor.Whereas in other sections of the coun-try population increased on the average



by 12 percent between 1929 and 1946, thepopulation of the Far West expanded bytwo-thirds.

The considerably more-than-averageadvance in total income payments by theagricultural Northwest from 1940 to 1946contrasts with the relatively unfavorableexperience of this area in the precedingdecade. In both periods, the incometrends were determined largely by thewidely varying fortunes of Northwesternagriculture.

Stability of Central States' Share

The long-term tendency of the Cen-tral States to receive a comparativelyconstant share of total income paymentsis an interesting composite of differingState trends. These stemmed mainlyfrom the widely different emphases with-in the region placed upon agriculture andheavy industry as sources of income.

The influence of agriculture and heavyindustry is clearly stamped on recent-year changes in income payments in in-dividual States of the Central region.From 1944 to 1946, when pay rolls in their"war" manufacturing industries were re-duced about one-fourth, the industrialStates of Michigan, Indiana, and Ohioreceived smaller shares of income pay-ments. In Iowa, Minnesota, Missouri,and Wisconsin substantial expansions offarm income resulted in increased sharesof income payments in 1945 and 1946.For most oT these States the relativemovements were not in conformity withlonger-term trends, but they very prob-ably should not be construed as reversalsof those trends. This is because of the"short-run" nature of the factors—con-tracting war-industry pay rolls andsharply rising farm income—that deter-mined the movements.

Manufactures and GovernmentThe following two sections provide

data for analysis of the roles of manu-facturing and government in the geo-graphic shifts of total income paymentsover the period 1929-46. The manufac-turing industry is of obvious and basicimportance in conditioning both short-term and long-term changes in the Statedistribution of income. World War IIhas resulted in the considerably greaterinfluence of government on State incomepayments. In 1946, the 36.5-billion-dol-lar total of factory pay rolls and the 29.5billion-dollar volume of income pay-ments by Federal and State and localgovernments together comprised almosttwo-fifths of all income payments to in-dividuals.

Distribution of Factory Pay Rolls

A principal fact revealed by table 5 isthat the pattern of shifts in the State

distribution of factory pay rolls from1929 to 1940 and from 1940 to 1946 wasmuch the same as that noted for totalincome payments. New England and theMiddle East received a declining share ofthe national total; and the Southeast,Southwest, and Far West received in-creasing shares. The relative declinesin New England and the Middle East,however, were not appreciable. Morepronounced was the substantial progressin industrialization made by the Southand Far West—a continuation of up-

trends traced by the Census of Manu-factures as far back as 1889.

From 1929 to 1946, the South and FarWest increased their combined share ofthe Nation's manufacturing pay rollsfrom 15.5 percent to 20.3 percent. Thiswas a relative gain of one-third. It rep-resented largely a relative shift of manu-factures to these areas from the "OldManufacturing Belt" (comprising theeleven States of Michigan, Ohio, Illinois,Indiana, Wisconsin, Connecticut, Massa-chusetts, New York, New Jersey, Penn-

Table 4.—Major Industrial Sources of Income Payments in Each State and Region?Selected Components as a Percent of Total Income, 1940 and 1946

State and region


New England.ConnecticutMaineMassachusettsNew HampshireRhode Island __Vermont

Middle EastDelaware _ _ __District of ColumbiaMarylandNew JerseyNew York _ _PennsylvaniaWest Virginia

SoutheastAlabama. .ArkansasFloridaGeorgia __KentuckyLouisianaMississippiNorth Carolina..South Carolina __TennesseeVirginia ._

Southwest __ __ArizonaNew MexicoOklahomaTexas

CentralI l l i n o i s _ _ _ _ _ _I n d i a n aIowaMichigan _MinnesotaMissouriOhioWisconsin __

NorthwestColoradoIdaho __ . __-KansasMontana __NebraskaNorth DakotaSouth Dakota _UtahWyoming

Far WestCalifornia _ _ _ _ _Nevada _ _OregonWashington

Manufacturingpay rolls

1940

20.3

26.734.023.323.826.830.618.8

21 225.32.8

21.130.417.825.818.5

15.718.78.47.3

16.512.012.410.024.621.718.616.2

8.04.62.47.39.0

25.823.130.710.638.211.816.630.526.1

7.18.48.18.76.46.92.44.08.84.3

13.612.51.8

18.417.6

1946

21.3

30.736.325.628.831.634.321.9

24.229.42.7

21.632.722.826.918.2

15.517.87.87.4

17.312.013.411.621.722.219.214.7

8.94.84.57.6

10.0

26.726.329.510.436.614.517.131.826.9

7.19.27.29.35.67.01.83.37.24.7

14.213.73.5

18.515.4

Agriculturalincome *

1940

7.2

2.02.06.01.12.7.8

10.5

1.95.6

3.61.61.42.25.6

15.414.730.38.4

15.815.810.228.017.518.414.59.9

15.913.720.918.115.1

7.84.67.4

28.44.4

16.99.54.0

11.7

20.310.924.118.822.420.438.031.511.523.1

7.06.59.0

10.37.3

1946

9.8

2.92.4

10.61.54.7

.813.4

2.46.0

4.02.12.02.95.9

16.814.528.613.114.019.910.322.823.020.915.011.4

14.716.915.916.513.9

11.37.9

12.037.8

5.621.214.15.6

15.2

27.715.230.024.931.431.947.146.712.124.6

10.29.5

10.413.511.8

Trade and serviceincome 2

1940

25.2

23.421.323.524.523.521.823.3

25.317.623.824.022.128.123.119.4

25.225.224.131.626.923.825.822.722.222.726.024.7

25.226.023.524.025.6

24.526.621.722.622.326.028.223.623.2

23.926.823.622.621.225.423.023.125.519.5

29.330.125.327.426.3

1946

26.6

24.222.123.625.424.622.823.5

27.821.427.427.123.931.424.720.2

24.924.025.030.827.422.327.624.421.021.325.224.0

27.528.226.426.027.9

24.926.124.321.623.628.426.424.324.2

24.527.624.623.023.525.422.921.726.523.0

31.532.432.628.928.1

Government in-come payments 3

1940

12.4

11.88.4

14.212.714.212.511.9

12.57.8

42.011.910.412.011.19.7

13.011.711.613.012.512.413.613.610.814.512.716.7

12.518.616.114.611.1

10.810.510.611.110.313.510.610.112.2

15.117.614.514.414.714.213.315.015.416.5

14.614.415.913.016.3

1946

17.0

15.910 619.417.815.417.114.1

16.612.149.320.216.314.315.816.4

21.522.420.822.920.719 321.424.917.821.019.627.1

21.120.126.823 220.2

14 013.613.812 214.615.516.213.612 5

17.321 316 017 115 415.013 914.125 514.6

18 217.916 615 O21.9

1 Includes net income of farm operators (adjusted for change in inventories of crops and livestock), farm wages, and netrents to landlords living on farms.

2 Includes wages and salaries and net income of proprietors.3 Consists of pay of State and local and of Federal civilian employees, net pay of the armed forces, family-allowance

payments to dependents of enlisted military personnel, voluntary allotments of military pay to individuals, mustering-out payments to discharged servicemen, enlisted men's cash terminal leave payments, interest payments to individuals,public assistance and other direct relief, work relief, veterans' pensions and benefits, State government bonuses to WorldWar II veterans, and benefit payments from social insurance funds.

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


Table 5.—Percent Distribution of, and Relative Changes in, Total ManufacturingWages and Salaries, by States and Regions, Selected Years, 1929—46

State and region


New EnglandConnecticutMaineMassachusettsNew Hampshire.Rhode IslandVermont

Middle EastDelawareDistrict of ColumbiaMarylandNew JerseyNew YorkPennsylvaniaWest Virginia

SoutheastAlabamaArkansasFloridaGeorgiaKentuckyLouisianaMississippiNorth Carolina^South Carolina-.TennesseeVirginia

SouthwestArizona^New MexicoOklahomaTexas

CentralIllinoisIndianaIowaMichigan,.Minnesota.Missouri-.-OhioWisconsin..


Far West..*California—NevadaOregonWashington.

Addendum: U. S. totals (mil-lions of dollars)


1929

100. 00

11.342.74.56

5.99.56

1.20.29

34. 62.20.16

1. 175.49

15. 9410. 83

.83

7.77.79.31.46.91.66.74.34

1.27.53.90.86

1.94.10.03.45

1. 36

36. 609.893. 36

.876.721.192.249.263.07

5.833.84.01.69

1.29

1940

100. 00

10.633.13

.655.13.47

1.02.23

33. 52.39.17

1.686.20

13.7410.43

.91

9.23.93.27.43

1.05

1.81.77

1.121.19

2.04.07.03.39

1.55

36.438.633.71

.858.511.092.068.822.76

1.5532

.12

.43

.14

.25

.04

.06

.15

.04

6.604, 57

.01

.761.26

16, 299 15, 372

1943

100. 00

3.27.74

4.58.32.87.20

30.28.34.09

2.055.89

12.418.84

8.611.04.24.67

1.08.59.78.30

1.35.59

1.00.97

2.84.10.03.50

2.21

35.087.253.78

788.801.162.018.712.59

1.87.35.07.80.09.31.02.04.16.03

11.347.90.06

1.29

40, 693

1944

100. 00

1945

100. 00

9.393.00.68

4.34.32.85.20

30.06.34.09

1.855.89

12. 398.84.66

9.061.07.26.71

1.20.65.88.32

1.34.58

1.12.93

3.11.14.03.55

2.39

35.397.803.77.80

8.411.172.008.712.73

1.89.27.08.91.08.34.02.04.12.03

11.107. 66.04

1.24 |2.16

9.462.84.63

4.55.37.86. 21

31.28.32.11

1.765.77

13. 439.12

9.621.10.28.62

1.22.68.85.34

1.50.68

1.331.02

2.94.14.05.54

2. 21

35.168.263. 63

.847.431.272.168.782.79

1, 88.33.09.77.09.35.03.05. 13.04

,. ~4.021.091.81

1946

100. 00

10.222.89.655.01.48.96

32.31.35.131.635.5914.489.29.84

10.041.03.29.491.23.72.74.381.82.871.351.12

2.41.08.06.391.88

35.488.763.59.877.481.242. 008. 642.84

1. 65.35.1252

.1029.03.06. 14.04

7.895. 65.02.891. 33

Percent change

1929 to

42,621 37,903 ! 36,045

- 1 2+8

+ 11- 1 9- 2 1- 2 0- 2 5

- 9+88+2

+35+7

- 1 9- 9+4

+12+11- 1 9- 1 2+9- 1

- 1 3- 2 0+35+37+18+30

-1-36+ 12-18+7

-6-18+4-8

+19-14-13-10-15

-23-18—26— 22-23-31-42-9-16—20

+ 12

1940 to 1940 to

+ 177 I +134

1944 to1946

-15

+ 145+ 165+ 187+ 135+90

+130+139

+149+137+46

+207+163+150+135+ 102

+172+220

+126+117+134+129+138+121+138

+126+109+85

+128+111+147+109+115

+ 155+159

- 8- 1 8- 1 8

- 3+26

—4. . . .

- 9- 2

+26- 2 6- 2 0

- 1- 1 1+7- 6

- 1 9+171+359+214+163+258+208+106+ 108+ 176+117

+323+435+167+293+328

+169+151+181+159+174+198+169 i+174 |+175 I

+237 '+ 133+78

+484+70

+269+79+95

+115+92

+366+365+918+354+374

+149+ 168 i+174 !+146 I+153 I+208 !+ 136 |+164 I+182 S+121 !

+176 '+173+383+133+184

Q

- 4 2- 1 3- 6

- 2 9

+ 15+27+2+2

- 3 5- 4 9+80- 4 1- 3 4

+123+138+127+140+106+167+134+130+141

+150+156+125+182+83

+168+102+126+113+143

+180+190+382+175+148

- 1 5- 5

- 1 9- 8

- 2 5- 1 0- 1 3- 1 6- 1 2

- 2 6+10+26- 5 2+7

- 2 7+13+16

- 1+26

- 4 0- 3 8- 5 3- 3 9- 4 8


sylvania, and Maryland). The aggre-gate share of the Nation's factory payrolls received in this Belt declined from74.5 percent in 1929 to 72.8 percent in1940, and to 70.1 percent in 1946.

Of considerable interest are the dataon rates of changes in manufacturingwages and salaries for the periods 1940-44 and 1944-46. These measure geo-graphic differences in the impact of warproduction and of subsequent reconver-sion. For example, spectacular increasesin factory pay rolls of 366 percent and323 percent, respectively, are shown forthe Far West and Southwest for the1940-44 period. So great were these war-period expansions that sharp contrac-

tions of two-fifths from the 1944 levelsleft factory pay rolls in these regions in1946 nearly three times as large as in1940.

Another point of interest is that innearly every State where manufacturinggrowth during the war lagged behindthat of the Nation the experience from1944 to 1946 was relatively favorable.This readjustment of wartime distor-tions explains much about interstatedifferences in 1944-46 changes in totalincome payments.

Shifts in Manufactures

For more detailed analysis, the datain table 5 can be supplemented by those

in table 6, which shows percentage dis-tributions by States of manufacturingwages and salaries separately for nine-teen types of manufactures.

The substantial relative gains alreadynoted for the Far West, Southeast, andSouthwest are apparent also from thistable. Each of these regions increasedits share of the Nation's total from 1940to 1946 in fifteen of the nineteen typesof manufactures. These relative gainswere shared by nearly all States of theregions. On the other hand, New Eng-land, the Middle East, and the CentralStates sustained relative declines from1940 to 1946 in most manufacturingindustries.

Comparisons of the 1940 and 1946 dis-tributions of pay rolls for the severalgroups of manufactures show a numberof significant geographic shifts.

In some cases, the geographic shifts, asmeasured by relative gains and losses inwage-and-salary payments, representsimply interchanges among establishedcenters of production. In the produc-tion of textile-mill products, there wasfurther concentration in the Southeast,mainly in Georgia and South Carolina,with a corresponding relative decline inthe Middle East, mainly in Pennsylvania.All of these States are major textile cen-ters. In lumber manufacturing, the pro-nounced relative shift from the Far Westto the Southeast involved the two largestlumber-producing areas. The two lead-ing tobacco-manufacturing States, NorthCarolina and Pennsylvania, substantiallyimproved their relative positions, whileKentucky, New Jersey, and New York(also important in tobacco manufac-tures) sustained relative losses. Simi-larly, New York State, with nearly one-half the Nation's apparel industry, scoredan appreciable gain in apparel from 1940to 1946 that was matched by relativelosses in several of the comparativelyfew other States, such as Illinois, NewJersey, and Massachusetts, in which asignificant portion of the industry is lo-cated. Also in industries such as iron andsteel, electrical machinery, and productsof petroleum and coal, such shifts as oc-curred were restricted for the most partto the established producing areas.

In several types of manufactures,however, there appear to be relativeshifts to newer areas. In paper produc-tion, the importance of the South in-creased over the period 1940-46, whilethat of New England declined. In themanufacture of chemicals and alliedproducts, there were relative decreasesin the large producing States of NewYork, New Jersey, Massachusetts, Illi-nois, and Ohio. Significant relativegains occurred in Tennessee and Texas.In the manufacture of food, the Southand Far West achieved gains, in contrastDigitized for FRASER



to relative declines in several importantfood-producing States in the East. Inthe manufacture of nonferrous metalsand of rubber products also the Southand Par West, as "newer" areas, madeappreciable progress. The Far West(especially California) substantially in-creased its share of total pay rolls in fur-niture production, while Illinois, Michi-gan, and Ohio, three of the largest fur-niture-producing States, sustained re-duced shares.

In transportation equipment the 1946State distribution differed from the 1940distribution primarily in the sharply re-duced share of Michigan and the in-

creased shares of the Pacific CoastStates. Aside from the fact that auto-mobile production last year was ham-pered by reconversion difficulties andwas far below the projected postwarlevel, an evaluation of this prewar topostwar shift in the transportationequipment industry should take into ac-count that the industry changed mark-edly in composition from 1940 to 1946.In the latter year, as compared with 1940,aircraft production and shipbuildingwere of much greater importance andautomobile production of much lesserimportance. This is of significance inthe present instance because the Pacific

Coast States are leaders in aircraft pro-duction and shipbuilding and Michiganis the leading automobile-producingState.

In all other types of manufactures,there were no significant shifts amongestablished centers of production orevidence of the development of newcenters.

Government Income Payments

Data for the analysis of the influenceof government on the State distributionof income payments are provided in ta-bles 7 and 8. The former shows theState distribution of government income

Table 6.—Percent Distribution, by States and Regions, of Wages and Salaries in Specified Manufacturing Industries, 1940,and 1946

State and region

Continental UnitedStates

New EnglandConnecticutMaineMassachusetts -New HampshireRhode IslandVermont

Middle EastDelawareDist of ColumbiaMarylandNew JerseyNew YorkPennsylvaniaWest Virginia

SoutheastAlabamaArkansasFloridaGeorgiaKentuckyLouisianaMississippiNorth CarolinaSouth CarolinaTennesseeVirginia

Southwest. _ArizonaNew MexicoOklahomaTexas

CentralIllinois...IndianaIowaMichiganMinnesotaMissouriOhioWisconsin

NorthwestColoradoIdahoKansas .MontanaNebraskaNorth Dakota .South Dakota _UtahWyoming.. .

Far West-CaliforniaNevadaOre aonWashington

Addendum: U. S.totals (millions ofdollars)

Food andkindredproducts

1940

100.00

5.16.63. 35

3.59.1138

.10

27.07.2349

2.024.34

12.577.01.41

9.09.54.33.88

1.121.371.30.33.86.37

1.10.89

4.33.19.08.90

3.16

37.2611.393.263 014.083.333.565.463.17

6.081 03.28

1.7833

1.41.22.43.49.11

11.018.25.05

1.001.71

1,667

1946

100. 00

4.34.56.48

2.67.1532

.16

24.38.2734

2.053.43

11.616.27.41

11.0464

.431.411.341.691.44.39.92.41

1.311.06

4.56.25.10.92

3.29

36.1411.002.982 973.943.363.464.743.69

6.3197

.401.89

281.59.22.40.47.09

13.239.62.05

1.312.25

3,580

Tobaccomanufactures

1940

100.00

1.70.53

.64

.53

31.70.11

.218.726.81

14.681.17

53.30

7.55

7.77.96

22.981.381.60

11.06

.11

.11

10.961.061.17

1.81.11

3.093.40

.32

2.232.23

94

1946

100.00

1.65.47

.71

.41

.06

29.29.06

.065.684.56

17.871.06

57. 58.36

8.76.30

4.91.59

27.871.121.48

12.19

.36

.36

9.521.241.18

1.24.06

2.193.25

.36

1.601.60

169

Textilemill

products

1940

100.00

25.304.232.00

11.721.355.64.36

31.11.31

1.466.628.83

13. eo

.29

35.562.7406

.025.66.28.1528

14.447.032.762.14

.62

.08

.54

6.321.33.84.12

1.16.38.27

1.081.14

.06

.06

1.03.75

.22

.06

1,182

1946

100. 00

25.533.932.24

11.611.835.41.51

28.10.26

1.296.178.86

11.24.28

39.253.62.08

7.12.27.14.34

14.728.252.402.31

.70

.01

.07

.62

5.421.22.57.08.53.45.27

1.36.94

.03

.03

.97

.62

.29

.06

2,608

Apparel andother finishedtextile prod-

ucts

1940

100. 00

7.332.17.15

4.63.07.24.07

63.63.20

2.477.42

43.409.98

.16

5.95.32.10.08

1.44.56.44.51.46.14

1.02.88

1.05

.021.03

18.146.831.70.30.84.72

3.473.66.62

.27

.09

.09

.05

.04

3.633.15

.21

.27

916

1946

100. 00

6.171.48.13

4.17.07.21.11

65.34.10.01

1.856.49

47.199.51.19

6.79.35.12.19

1.63.67.39.60.52.48

1.10.74

1.43.01.01.06

1.35

15.185.691.16.28.65.64

2.972.89.90

.42

.12

.14

.09

.07

4.6741.9

.20

.28

2,332

Lumber andtimber basic

products

1940

100.00

4.15.17

1.93.67.71.04.63

5.99.06.13.56

! .501.721.701.32

29.793.213.862.452.081.173.773.143.252.142.372.35

4.41.36.34.46

3.25

13.191.781.071.723.02.96

1.03.86

2.75

3.96.13

2.45.10.82.10

.15

.06

.15

38.517.90.02

13.1717.42

477

1946

100. 00

4.84.14

2.48.81.76.04.61

7.60.06.07.57.41

2.992.061.44

33.204.113.741.793.811.393.283.773.932.332.352.70

4.74.49.30.31

3.64

12.071.501.311.092.74.99

1.171.052.22

3.64 1.30

1.93.1182

.09

.15

.10

.14

33.917.05.05

14.4412.37

1,032 '

Furniture andfinished lum-ber products

1940

100.00

7.86.80

1.104.17.94.23.62

24.22.37.07

1.103.05

12.756.60.28

17.58.44.80

1.311.421.77.85

1.064.45.78

1.952.75

1.97.07

.231.67

39.2411. 315.62.62

7.201.332.227.323.62

.79

.21

.23

.21

.09

.05

8.345.64

1.421.28

436

1946

100. 00

8.27.86

1.314.19.98.18.75

23.26.19.06.93

3.1913.245.33.32

18.88.66

1.121.211.811.99.87.69

5.04.81

2.412.27

2.26.09.02.26

1.89

34.409.594.73.72

5.571.272.436.353.74

.88

.2301

.2103

.24

.02

.11

.03

12.058.51

1.502.04

966

Paper andallied

products

1940

100.00

17.861.694.369.151.90.34.42

30.44.62.10

1.094.23

15.428.29.69

10.80.91.52.91.85.08

2.10.26

1.61.81.75

2.00

.97

06.91

32.396.311.98

286.211.591.516.917.60

.42

.06

.26

.08

.02

7.122.00

1.353.77

504 1

1946

100. 00

15.441.653.817.671.47.39.45

29.52.33.11

1.104.94

15.067.69.29

13.151.05.57

1.081.49.09

2.1585

1.671.33.86

2.01

1.06

09.97

33.586.521.96

285.812.131.897.487.51

.46

.11

.26

.07

02

6.792.41

1.203.18

1,167

Printing, pub-lishing and

alliedindustries

1946

100.00

7.661.56.25

4.92.26.53.14

38.19.13

1.301.392.99

23.938.07.38

6.06.40.24.72.69.74.56. 15.59.23.97.77

2.92.17.0863

2.04

35.1214.132.031 253.512.042.827.092.25

2.66.5314

.6322

.56

.13

.14

.24

.07

7.395.78

05.57.99

1,022

1946

100.00

6.931.45.21

4.45.28.42.12

39.39.10

1.391.282.63

26.317.34.34

5.99.41.24.77.79.76.50.14.58.20.94.66

2.89.16.0857

2.08

34.7414.891.961 083.172.212.586.832.02

2.23.4611

.5715

.45

.11

.12

.20

.06

7.836.09

05 1.59

1.10

1,954

Chemicalsand alliedproducts

1940

100.00

5.681.80.07

3.56.03.18.04

45. 253.77.05

1.6515.5214.206.883.18

13.47.53.25.55

1.27.39

1.25.48.70.36

3.634.06

1.96.09.02

231.62

28.297.612.89

605.25.94

2.747.31.95

.96

.16

.51

.15

.03

.11

4.393.90

.16

.33

811

1946

100. 00

4.971.85.08

2. 72

.20

.05

42.133.10.05

1.4812.9313.697.493.39

16.33.61.26.60.95.82

1.20.50.60.33

6.234.23

3.87.08.30. 24

3.25

25.856.963.02

655.03.83

2.386.08.90

1.30.15.01.72.04.27

.0308

5.554.17

05.16

1.17

1,966

1Products ofpetroleumand coal

1940

100.00

1.85.36

1.33

31.48

1.9810.068.08

10.81.55

6.981.01

55.03.10.78

4.32

.06

.10

.03

22.12

104 94

17. 08

19.296.536.72

1.04.49.68

3.38.45

4.51.13.06

2.60.49

"""."63"

32.88

13.7713.67

.10

308

1946

100. 00

1.58.31

1.04

29.42.09

1.167.496.87

13.19.62

9.69.8072

.20

.507.03

03

.07

.23

.11

21.09

124 03

16.94

18.996.695.20

1.04.50

1.044.20

.32

4.04.12.05

2 05.34.04.01

341.09

15.1915.05

.07

.07

740



Table 6.—Percent Distribution, by States and Regions, of Wages and Salaries in Specified Manufacturing Industries, 1940*and 1946—Continued


New England _ . .__ConnecticutMaine - -MassachusettsNew HampshireRhode IslandVermont -

Middle EastDelaware -District of ColumbiaMar viandNew JerseyNew YorkPennsylvania. _ _West Virginia

SoutheastAlabamaArkansasFloridaGeorgia _KentuckyLouisianaMississippi..North CarolinaSouth CarolinaTennesseeVirginia

Southwest _- _ArizonaNew Mexico _ _OklahomaTexas

CentralIllinoisIndianaIowaMichiganMinnesotaMissouriOhio _.Wisconsin

Northwest - - --Colorado - -IdahoKansasMontanaNebraskaNorth Dakota _South DakotaUtah - -.Wyoming


Addendum: U. S. totals (millions ofdollars)

Rubberproducts

1940

100.00

15. 864.94

.048 27

2.61

17.63.32

" L 2 1 "8.194.503.41

3.29.92

.48

24

!os

1.29.28

.16

.04

04.08

56.872.574.90

.368.07

.04

.3238.56

2.05

1.371.33

.04

4.824.74

.04

.04

249

1946

100.00

16.043.77

.079.85

.122.01

.22

15.53.54

~~~~65~6.293.274.78

5.641.73

.01

.07

.09

.01

.03

.52

.20

2.76.22

.57

45.12

53.861.684.76

.477.36

.34

.5336.32

2.40

2.481.98.01.32

.17

5.885.79

.05

.04

758

Leather andleather

products

1940

100.00

30.40.69

3.9919.475.98

.11

.16

33.13.85

" I " 09"3.67

19.267.84

.42

4.36.03

.58

.48

.03

~~~~32~

1.511.41

.32

.32

30.147.79

.64

.191.73

.378.544.925.96

.29

.21

.03

.05

1.361.17

.11

.08

376

1946

100.00

28.73. 55

3.65 |19. 324.94

.13

.14

35. 62.81.01.81

2.8523.81

6.91.42

5.19.01.07.02.49.56.01

"~~39~

2.421.22

.61

.61

27.347.57

.66

.241.47.43

7.923.825.23

.38

.27

.05

.05

.01

2.131.89

.12

.12

838

Stone, clayand glassproducts

1940

100.00

1946

100.00

5.91.86.27

5.131.18.16 !

3 31 f 9.30.23.21

1.03

40.51.06.17

1.396.969.71

16.445.78

8.42.93.32.44

1.22.82.99

i .29.68.40

1.231.10

2.03.06.0268

1.27

35.177.534.541.062.411.612.81

14.62.59

1. 56.42.04.48.10.21.02.04.1906

6.405.51.04.19.66

526

.21

.37

.91

39.98.06.05 ;

1.466.399.87

15.836.32

8.12.91. 3 9 i.43.95.74.93.26.71.50

1.43.87

2.88.14.0586

1.83

34.387.264.26

.912.521.922.95

13.77.79

1.77.4604

.56

.09

.23

.0306

.2208

7.746.52.08.30.84

1,151

Iron and steeland theirproducts

1940 1946

I100.00 ; 100.00

8.04 7.49 14.01 3.71

.07 .10 !3 08 2.80 ;

.07

.73

.08

36.82.22.02

3.186.95

21.711.97

4.782.35.03.05.22.86.13.01.10.0173

.12 !

.63 i

.07

33.14.21.02

2.333.087.03

19.011.46

4.652.05.04.10.27.67.16.02 i.16 !.02

Ri

29 1 .35

.62

.02

.0121

.38

45.3410.596.71.46

6.51.72

1.3916.912.05

.90

.5401

.16

.01

.07

.01

.10

3.503.01

.21

.28

2,113

1.08.06.01

24. 77

47.7611.07

5.61.71

10.801.241.43

14.422.48

1.10.52.02.22.02.12

.01

.19

4.784.11

.27

.40

4, 511

Nonferrousmetals and

their products

1940

100.00

1946

100.00

21.44 i 17.8715.18 10.79

.024.30

.021.92

34.47.06

~~i~32~9.02

14.937.831.31

3.35.17.15.02.08

.01 14.79 ;

.072.20

.01

33.46.04.02.85

7.6415.897.961.06

5.09.82.14.02. 18

63 i 1 94-.13

1.54.36

1.98.44.04

58.92

32.6310.65

2.74.12

6.32.40

1.238.622. 55

2.69.29.02.06

1.25.15.02

.90

3.442.55

.06

.83

521

.06 ,

1.97.47

2.40.32.3847

1.23

33.109.893.30

.185.59.72

2.218.242.97

1.89.29.09.04.74.22.01.04.44. 02

6.194.75.21.22

1.01

1,335

Machinery(except

electrical)

1940

100 00

1946

ioo no !

Electricalmachinery

1940

inn on

1946

mn no

Transporta-tion equip-

ment includ-ing autos

1940

inn on

1946

inn nn !

Miscellaneousmanufacturing

industries

1910

inn nn

1946

inn no

14.445.86.38

5.68.35

1.45.72

24.77.10.01.65

4.689.469.75.12

1.63.14.01.06.28.38.17.03.19.05.22.10

1.97.01

311.65

52.9714.143.911.409.621.031.29

14.467.12

.46

.12

.01

.19

.01

.12

.01

3.763.15

.21

.40

1,454

12.755.38

.335.35.23.98 i.48

23.5112

.01

.624.46

10.577.60.13

2.10.19.02 !.13 j.34.49 !.18 !.10 !.24 ;06 '

.28 !

.07

1.77.01

281.48

55.0213.834.311.43

10.271.361.55

16.036.24

.71

.24

.04

.23

.01

.12

.01

.02

.04

4.143.45

.34

.35

3,928

13.01 14.464.41

7.94.05.61

41.90

.021.09

13.5413.6313.49

.13

.64

. : o s .1 .02

.11

.35

.02

.0202

4.52.06

9.08.08.70.02

38.60.01.04

1.7511.8014.0510.74

.21

.96

.03

"~"02~.10.40.02.07in

.05 .21m

.22

05.17

42.0413.876.31

.203.15

.662.12

13.422.31

.10

.02

.05

.03

2.091.98

.06

.05

635

.21

.04

04.13

42.7815.997.40.48

3.08.98

2.489.812.56

.52

.03

.28

.21

2.472.31

.07

.09

1,947

4.712.52.38

1 76

5.12 !2 38 i

.401 QR

?,n"."To*"

22.05.19.03

2.287.556.765.21

.03

3.31.30

~"~24".26.20.23.13.06.01.20

1 68

.53

06.47

59.582.355.35

.1342.34

.201.365.362.49

.34

.02

.29

.01

.02

9.488.09

.101.29

1,593

.16

22.07.21

~"3~46~5.597.205.46

.15

4.64.54.02.53.37.23.54.49.38.07.20

1 27

2.05.01

231.81

48.803.675.61

.3127.59

.311.397.272.65

1.11.11

.89

.10

.01

16.2112.66

.822.73

3,715

14.69 ! 14.254 06 3.24.08 ! .07

7.52 i 7.89.49 .44

2.36.18

53. 54.06.10.92

I 8.67i 36.06

7.381 .35

1.88

~~~."68~.18.35.35.08

"""."16"! .04

.37

.33

.47

.02

04.41

26.2911.371.701.092.83

.661.505.661.48

.67

.25

.02

.08

.02

.18

.02

.02

.08

2.462.03

.25

.18

488

2.31.30

51.12.24.07.97

8.7335.165.74.21

1.91.08.12.17.30.30.05.04.11.01.42.31

.56

.01

.01

.07

.47

27.6411.321.221.184.41.88

1.345.651.64

.86

.45

.04

.11

.03

.13

.01

.01

.07

.01

3.663.21

.01

.22

.22

1,348


payments for 1929, 1940, and 1946. Cor-relative data included in the table arepercentage distributions of private in-come payments and percentages of totalincome payments formed by governmentincome payments. Table 8 furnishesseparate data on income payments fromthe Federal Government, State and localgovernments, and social insurance funds.To assist in an evaluation of the relativeimportance of the three categories incontributing to changes in the shares oftotal government income payments re-ceived by the States, the percentages oftotal government income payments ac-

counted for by each of these three in1946 also are shown in the table. Thesedata, moreover, are of considerable in-terest in themselves. For this type ofanalysis, changes in national totals—shown as an addendum in the table—also must be taken into account.

Government income payments com-prise payments to individuals in suchforms as civilian wages and salaries, mili-tary payments, interest, veterans' pen-sions and benefits, payments to farmers,relief, and social insurance benefits. Itshould be emphasized that the datameasure only income payments flowing

directly to individuals. They do not takeaccount of income arising from govern-ment purchases from business, or theindirect, secondary effects of governmentspending on the general income stream.

For each of the years 1929, 1940, and1946 the share of the national total ofgovernment income payments receivedby the States, relative to the share ofprivate income payments received,tended to vary inversely with per capitaincome levels. In the low-income Statesof the South and Northwest the share oftotal government income payments re-ceived exceeded the share of private in-


August 1947

come payments. Conversely, in theStates with high per capita incomes theshare of government income paymentsreceived was generally smaller than theshare of private income payments. Anotable exception is the Par West, wherehigher-than-average incomes were asso-ciated with a relatively large share ofgovernment income payments.

Larger Role of Government in 1946The share of all government income

payments received by New England and

SURVEY OF CURRENT BUSINESS

the Middle East declined from 1929 to1940, and from 1940 to 1946. Over thisperiod increasing shares accrued to theSoutheast, Southwest, and Far West. Ineach of these five regions, changes in theshare of government income receivedwere in the same direction—and indeedcontributed to—changes in the share oftotal income payments. An interestingexception to pattern, however, is theNorthwest. Whereas the region's shareof total income payments rose sharply

Table 7.—Percent Distribution of Private Income Payments and Total GovernmentIncome Payments, and Total Government Income Payments as Percent of TotalIncome Payments, by States and Regions, 1929, 1940, and 1946

State and region

Continental United States _.

New England _ ___ _ - ._ConnecticutMaine -Massachusetts ___ _ ._ - -New HampshireRhode Island __Vermont

Middle EastDelawareDistrict of Columbia _ _ .MarylandNew Jersey.- _ _ ___New YorkPennsylvania _ _West Virginia _ __

SoutheastAlabamaArkansas . __. _FloridaGeorgiaKentuckyLouisiana . _Mississippi- __ __ _ _ ______North CarolinaSouth Carolina _ _ _ _ _ _ ._TennesseeVirginia, ___ _.

SouthwestArizonaNew MexicoOklahoma..- ___ ___Texas-

Central.- -_ _IllinoisIndianaIowaMichigan _ _Minnesota.-. « . _Missouri. .OhioWisconsin _

NorthwestColoradoIdahoKansas , . _ __ _MontanaNebraska __. _._ _ _North DakotaSouth DakotaUtah __Wyoming

Far WestCaliforniaNevada . .OregonWashington

Privat

1929

100. 00

8.231.79.54

4.58.36.70.26

33.89.27.58

1.343.96

17.739.04.97

10. 37.97.67.82

1.151.161.03.65

.116.51

1.091.16

5.0028

.181.303.24

29.528 672.271.624.261.732.706 032.24

4.63.75.27

1.17.38.9131

.34

.32

.18

8.366.26.09.71

1.30


3 income pay-ments i

1940

100. 00

8.211.98.56

4.39.35.68.25

32.33.33.80

1.634.28

15.848.411.04

11.64.98.62

1.191.27]. 151.08.53

1.51.68

1.211.42

5.02.29.24

1.043.45

29.107 772.501.594.651.812.576 062.15

4.10.7229

.93

.39

.68

.28

.28

.34

.19

9.607 26

.12

.831.39

1946

100. 00

7.201.84.53

3.67.33.60.23

28.58.27.63

1.543.68

14.007.47.99

13. 071.15.75

1.301.451.241.11.63

1.77.79

1.451.43

5.43.36.25

1.003.82

29.217 402.691.864.481.822.596 042.33

4.90.7635

1.17.40.89.37.40.36.20

11. 618 70

.141.041.73

Total government in-come payments 2

1929

100. 00

8.161.41.60

4.75.44.67.29

31.22.21

3.161.383.92

14.726.94.89

12.201.04.77

1.161.241.211.16.77

1.32.74

1.191.60

5.3249

.331.343.16

26.926 582.351.734.662.012.395 032.17

6.271.03

381.57.62.97.48.51.42.29

9.917 07.15.95

1.74

1940

100. 00

7.201.18.62

4.17.38.63.22

30.28.19

3.751.463.22

14.046.88.74

13.741.16.83

1.201.471.221.36.94

1.36.96

1.331.91

6.0447

.351.453.77

25.076 242.151. 833.622.302.254 602.08

6.611.12

411.44.61

1.23.55.54.43.28

11.068 21

.15

.871.83

1946

100.00

6.531.04.62

3.78.29.59.21

27.28.18

2.901.883.42

11.226.75.93

17.391.59.96

1.861.831.471.481.031.871.011.732.56

7.1744

.461.514.76

23. 685 652.131.403.761.802.484 621.84

5.401.05

351.23.39.84.37.37.62.18

12.559 16.13.91

2.35

Total government in-come payments as apercent of total in-come payments

1929

7.3

7.35.98.17.68.87.08.2

6.85.7

30.07.67.36.25.76.88.57.88.3

10.17.87.68.28.68.3

10.38.09.9

7.812.012.57.57.2

6.75 77.67.88.08.46.66 27.1

9.79.9

10 19.5

11.57.7

11.010.79.4

11.4

8.68 2

11.99.69.6

1940

13.4

11.98.4

14.612.814.412.512.2

12.68.0

42.012.110.412.011.29.9

15.415.417.113.515.114.116.221.412.217.814.617.1

15.720 218.617.714.4

11.711 011.815.010.716.411.910 513.0

19.919.218.119.219.221.923.722.716.518.9

15.114 816.113.916.8

1946

17.4

16.110.719.817.815.717.216.1

16.812.449.320.516.414.416.016.6

22.022.721.423.221.020.122.025.818.221.320.227.5

21.820 627.624.220.8

14.613 914.313.715.017.216.813 914.3

18.922.517 818.217.216.717.316.426.416.0

18.618 216.915.522.2

i Represents total income payments to individuals minus governmnt income payments to individuals.i Consist of all income payments to individuals by the Federal Government, State and local governments, and social

insurance programs. For specific composition see footnotes to table 8. Differ in definition from total government incomepayments shown in table 4 by the inclusion ol Government payments to farmers. For the special purpose of this tableGovernment payments to farmers are included in government income payments rather than in private income pay-ments as part of agricultural income.


17

from 1940 to 1946 by virtue of a largeexpansion of farm income, its share ofgovernment income declined, mainly be-cause of reduced Government paymentsto farmers.

For the country as a whole govern-ment income payments increased sub-stantially from 1929 to 1940—from 6.1billions to 10.1 billions. Prom 1940 to1946, however, the volume of governmentincome payments was tripled, whereastotal private income payments wereslightly more than doubled. Reflectinga generally higher rate of increase ingovernment income payments than inprivate income payments, in all regionsexcept the Northwest income paymentsby government formed a larger percent-age of total income payments in 1946than in 1940. As already noted, govern-ment provided a larger impetus to totalincome expansion in the South than inany other area of the country.

Per Capita Income

State estimates of per capita incomepayments to individuals are shown intable 13 for the years 1929-40, 1945, and1946. These are computed by dividingtotal income payments by total popula-tion.2 Per capita income is thus a "perperson," and not a "per family" or "perworker" average.

Since revised population data for1941-44 are not yet available from theBureau of the Census, per capita esti-mates for those years are omitted fromthe table. They will be published in aspecial table in the September issue ofthe SURVEY. The cooperation of theCensus Bureau in furnishing advancetabulations of the State population datafor 1945 and 1946 makes possible thepresentation of per capita income forthose years in the present report.

Per capita income, unlike total incomepayments, makes adjustment for geo-graphic differences in size of populationand population change. This adjustmentassumes special significance for the pe-riod 1940-46 because of the extensiveshifts in residence that occurred in theprosecution of the war effort and thenin the reabsorption of servicemen intocivilian pursuits and the relocation ofmigrant war workers. As these shifts,for the most part, had been completedby the middle of 1946, the per capita in-come estimates for that year are of pri-mary interest.

The per capita income of the conti-nental United States in 1946 was $1,200.This was 2 percent higher than the 1945

2 See note 3 of the appended section on"Technical Notes."

755297—47-Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


Map 2.—Per Capita Income Payments to Individuals, 1946

I $1,275 AND OVER

| $1,150 TO $1,274

[2222 $850 TO $1,149

t/ml UNDER $850

UNITED STATES $1,200

Source of data : Office of Business Economics.

figure of $1,177. In this connection, itshould be noted that the increase (7 per-cent) in the population of the Conti-nental United States last year—duechiefly to the return of servicemen fromoverseas—was almost as large as the in-crease (9 percent) in total income pay-ments.

This 7 percent Nation-wide increase inpopulation by no means held uniformlythroughout the States. Relative to Na-tion-wide developments, therefore, forsome States the 1945-46 change in percapita income differed appreciably fromthat in total income.

State estimates of per capita incomefor 1946 are shown in map 2. For mostStates, per capita income last year wasat a peak level. In every section of thecountry average incomes of individualsapproached or bettered war-time highs.

For the country as a whole, per capitaincome payments to individuals in 1946were 109 percent above the average of$575 for 1940. In 37 of the 49 States, theaverage income of individuals in 1946 wasat least double the 1940 level. In a num-ber of agricultural States of the Southand Northwest, it was two-and-a-half tothree times as large as the 1940 average.

Per capita incomes in 1946 ranged from$555 in Mississippi to $1,703 in Nevada.Others in the top rank included NewYork ($1,633), the District of Columbia($1,569), California ($1,531), New Jersey($1,494), Delaware ($1,493), Illinois($1,486), and Connecticut $1,465).

Among the several regions, highest percapita incomes were received in the FarWest ($1,465), Middle East ($1,432), andNew England ($1,320). The Southeast'sper capita income of $801 was one-third

below the national average and two-fifthsbelow the composite average for theother six regions. The per capita in-come of the Southwest was one-fourthbelow the Nation-wide average. Thisconcentration of low-income States inthe South is the most striking fact re-vealed by the map. An array of theStates in respect to size of per capita in-come places all 15 Southern Statesamong the 16 States in the Nation withthe lowest averages.

Reduction of Inequality

Although the 1946 per capita incomedata reveal broad geographic differencesin the levels of average income, thesewere relatively somewhat less than thoseprevailing before the war. Wartime de-velopments had the effect of reducingthe relative, if not the absolute, differ-ences among the States in respect to sizeof per capita income.3

Table 9 shows that from 1940 to 1946per capita income declined in relation tothe national average in the three highestof the four "high-income" regions (thosewith per capita incomes above the Na-tion's} and rose in relation to the na-tional average in the three "low-income"regions. This partial reduction of geo-graphic inequality—which is an accelera-tion of prewar developments—is evidentalso on a State basis. Of the 32 Stateswith per capita incomes below the na-

8 The average deviation of the per capitaincomes of the individual States from theUnited States average (each State beingweighted by its population) increased from$170 in 1940 to $234 in 1946. Relative to theUnited States per capita income, however,the average deviation declined from 30 per-cent in 1940 to 20 percent in 1946.

tional average in 1940, 29 scored 1940-46percentage advances exceeding that forthe country as a whole. Conversely, ofthe 17 States having above-average percapita incomes in 1940, 16 registeredgains from 1940 to 1946 that fell short ofthe Nation-wide average.

Nearly all the low-income States, it isto be noted, place unusual, if not primary,dependence upon agriculture as a sourceof income. For most of them, mainte-nance of the relative income gainsachieved since 1940 will depend on a con-tinued high demand for farm products.In view of the sensitivity of farm pricesand income to general business activity,this in turn will depend in large measureupon continued prosperity and full em-ployment.

In table 10 are shown, for the UnitedStates and the several regions, total in-come payments, population, and percapita income payments in 1946 as apercentage of 1940. In order to facilitatecomparison of the ratios of total income,population, and per capita income foreach region with those for the countryas a whole, the regional percentages arealso expressed in terms of the percentagefor the United States taken as 100.

Most striking is the very large increasein population (37 percent) that accom-panied the upsurge of total income pay-ments in the Far West between 1940 and1946. Although the Far West experi-enced the largest growth in total incomeof any region, its rise in per capita wasof less-than-average proportion—con-siderably below the gains scored by theNorthwest, Southeast and Southwest.

Disposable Income by Regions

The Commerce Department's nationalestimates of "disposable income" (the in-come remaining to persons after deduc-tion of personal tax and certain otherpayments to governments) have beenused widely in market analysis. Becauseof several statistical incomparabilitiesbetween the State data on income pay-ments and the available State data ontaxes, it has not been possible to developreliable measures of disposable incomeby States.

Study has shown, however, that the in-comparabilities are minimized on alarger-than-State basis and that for theregions a satisfactory and reasonablycomparable series on income-tax pay-ments by individuals can be derived. Intable 11 are presented, for the first time,regional estimates of income paymentsto individuals after deduction of income-tax payments to Federal and State gov-ernments. These data on disposable in-


August 1947 SURVEY OF CUKRENT BUSINESS 19

come4 are shown on both a total and percapita basis.

As might be expected, the regional dis-tribution of disposable income, as com-pared with that of income payments (seetable 1), assigns larger shares to theregions where per capita income is rela-tively low and smaller shares to the re-gions where per capita income is rela-tively high. In the years 1929 and 1940income taxes absorbed less than 2 per-cent of aggregate individual incomes, andthe regional distributions of disposableincome and income payments were verysimilar. Larger differences between thetwo distributions are found in 1944 and1946, when rates of income taxation (par-ticularly Federal) had increased sharplyand, in general, individuals had movedinto higher income brackets. In theseyears approximately one-seventh of allincome payments were drawn off by Fed-eral and State income taxes.

The differences between the two dis-tributions for 1944 and 1946, however,should not be exaggerated. For each offive regions in 1946, the share of theNation's disposable income received dif-fered by 1.5 percent or less from theshare of total income payments received.In the two other regions, the Northwestand Southeast, the differences in theshares received were only 2.0 percentand 2.5 percent, respectively.

Interest attaches also to a comparisonof changes over time in the regional dis-tributions of disposable income and in-come payments. As already indicated,from 1929 to 1940 the changes in thetwo distributions were much the same.From 1940 to 1946 income expansion wasrelatively larger in disposable incomethan in income payments for the low-income regions, and it was relativelysmaller in disposable, income than in in-come payments for the high income re-gions. With the exception of the FarWest, then, the 1940-46 regional incomeshifts already noted for income paymentsare accentuated or sharpened on a dis-posable income basis. For the Far Westthe change in the income share from1940 to 1946 is less in disposable incomethan in income payments.

As might be deduced, however, fromthe fact that the regional distributionsof disposable income and income pay-ments were very similar in 1940 and did

4 It should be noted that, although for con-venience the term "disposable income" isused, these estimates represent income pay-ments minus individual income taxes (lessFederal income tax refunds), with no deduc-tion being made, as in the Department's na-tional series, for the relatively small amountof other personal taxes and of "nontax pay-ments." The latter comprises items such aspublic tuition fees, public hospital fees, andfines and penalties.

not differ markedly in 1946, the 1940-46shifts in income indicated by the twomeasures are not substantially different.

Technical Notes1. Revised national income and national

product series covering the period 1929-46

were published by the Department of Com-merce in the special National Income Supple-ment to the July 1947 SURVEY OP CURRENTBUSINESS (available for 25 cents from theSuperintendent of Documents, U. S. Govern-ment Printing Office, Washington 25, D. C, orfrom any of the Department of Commercefield offices). The new series include a num-

Table 8.—Percent Distributions of Income Payments From Federal Government,State and Local Governments, and Social Insurance Funds, by States and Regions,1929, 1940, and 1946

State and region

Continental UnitedStates __

New EnglandConnecticutMaineMassachusetts.. _ _New HampshireRhode Island. __ _Vp.rtn on t

Middle EastDelaware . . . . . . .District of Colum-

biaMarylandNew JerseyNew YorkPennsylvaniaWest Virginia

SoutheastAlabamaArkansasFloridaGeorgiaKentuckvLouisiana _ _._MississippiNorth CarolinaSouth CarolinaTennesseeVirginia

SouthwestArizona.. . . .New MexicoOklahomaTexas

CentralIllinoisIndianaIowa_ _MichiganMinnesotaMissouriOhioWisconsin

NorthwestColoradoIdaho .KansasMontanaNebraskaNorth DakotaSouth DakotaUtahWyoming

Far WestCaliforniaNevadaOregon _ __ _._Washington _

Addendum: U. S. totals(millions of dollars) _ _

Percent distr

Federal Government1

1929

100. 00

7.551.13

.743.86.64.78.40

30.66.21

8.351.802.38

10.536.54.85

15.301.221.121.181.761.601.131.051.331.031.462.42

6.32.69.54

1.483.61

23.605.612.441.752.731.722.854.621.88

7.131.19.42

1.78.82

1.11.44.55.4240

9.446.30.18

1.011.95

1,968

1940

100.00

5.72.71.70

3.16.38.53.24

25.71.15

8.571.851.827.784.97.57

19.291.701.371.392. 191.641.571.581.481.581.862.93

8.29.59.49

1.S95.32

21.234.811.972.232.192 402.453.561.62

9.021.27.51

1 89.87

1.91.91.83.4439

10.747.39.18.97

2.20

3,898

1946

100. 00

5.73.85.63

3.20.27.58.20

26.36.17

3.832.093.159.636.57.92

20.181.831.152.092.141.711.611.262.171. 151.953.12

8.03.47.47

1.645.45

21.925.282.011.372.921 742.614.291.70

5.601.11.36

1.23.39.86.37.40.7018

12 188.96.14.81

2.27

19,989

ibution of income payments from—

State and local gov-ernments a

1929

100.00

8.441.54

.555.12.36.61.26

30.38.21

.601.154.59

15. 837.06.94

11.10.98.63

1.201.021.061.21.67

1.38.63

1.071.25

5.07.40.24

1.343.09

28.676.922.351.795.732.162.255.152.32

6.09.98.39

1.54.54.93.52.51.4325

10.257.49.14.96

1.66

3,868

1940

100.00

7.981.53

.574.65.39.62.22

32.17.22

.621.154.11

17.337.86.88

10.56.83.49

1.081.07

.991.28.58

1.41.60.96

1.27

5.03.44.28

1.293.02

27.696.902.301.684.592 282.225.172.55

5.441.06.38

1 25.45.85.36.41.4523

11 138.58.13.84

1.58

5,194

1946

100.00

8.311.41

.585.24.33.52.23

26. 29.20

.621.243.41

13.296.56.97

12.581.13.60

1.501.311.021.29

.661.45.86

1.301.46

6.25.41.55

1.403.89

27.816.112.381.665.662 072.255.322.36

5.741.09.42

1 31.46.92.45.39.4822

13 029.36.16

1.102.40

7,132

Social insurancefunds 3

1929

100.00

8.871.59

.316.18.04.71.04

50.15.09

1.631.505.92

32.328.34

.35

3.98.35.18.35.44.26.49.13.18.18.93.49

1.06.09.04.22.71

25.889.231.59.44

3.181 99.71

6.622.12

1.89.49.04.23.26.44.13.04.26

8 176.58

.311.28

226

1940

100.00

8.851.15.59

5.53.36

1.06.16

38.00.19

1.321.564.03

21.029.16.72

8.80.79.50

1.08.80.84.93.36.68.40

1.191.23

2.65.22.17.57

1.69

26.408.382.101.024.112 061.615.591.53

3.44.80.25.65.46.55.15.11.31.16

11.869.45.11.64

1.66

1,043

1946

100.00

7.841.59

.624.34.27.85.17

37.71.19

1.932.045.69

18.108.83.93

8.691.05.44

1.01.80.84.90.28.64.32

1.221.19

2.74.22.09.76

1.67

26.057.432.33.895.16

1 442.105.291.41

2.77.46.11.97.20.45.08.12.31.07

14.2010.17

.051.142.84

2,404

Individual componentsas a percent of totalgovernment pay-ments, 1946

Fed-eral

67.7

59.554.969.357.264.866.766.7

65.465.0

89.475.362.358,165.966.7

78.577.581.376.079.278.773.982.378.577.076.182.4

75.873.669.573.677.3

62.663.264.166.252.565 671.262.962.6

70.171.568.767.967.369.168.172.676.967.5

65.766.368.060.565.5

Stateandlocal

24.1

30.732.722.633.527.621.526.6

23.326.4

5.215.924.128.723.425.2

17.417.115.019.517.216.721.115.518.720.418.213.8

21.122.428.922.319.8

28.426.127.028.636.327.821.927.831.1

25.724.928.825.728.526.530.024.918.929.5

25.124.728.729.324.7

Socialinsur-ance

funds

8.2

9.812.48.19.37.6

11.86.7

11.38.6n8.8

13.613.210.7

8.1

4.15.43.74 . 53.64 . 65.02.22.82.65.73.8

3.14.01.64.12.9

9.010.78.95.2

11.26.66.99.36.3

4.23. 62.56.44.24.41.92.54.23.0

9 29.03.3

10.29.8

1 Comprises pay of civilian employees, net pay of armed forces, family-allowance payments to dependents of enlisted'military personnel, voluntary allotments of military pay to individuals, mustering-out payments to discharged service-men, enlisted men's cash terminal leave payments, interest payments to individuals, public assistance and other directrelief (including grants to States for special types of public assistance), work relief, veterans' pensions and benefits,and Government payments to farmers.

2 Comprises wages and salaries, interest payments to individuals, public assistance and other direct relief (excluding-.Federal grants for special types of public assistance), work relief, and State government bonuses to World War I Iveterans. K<

3 Consists of old age and survivors insurance benefits, State unemployment insurance benefits, railroad retirementinsurance benefits, railroad unemployment insurance benefits, Federal civilian pensions, and State and local govern-ment pensions.

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


Table 9.—Differentials and Relative Changes in Per Capita Income Payments, by Statesand Regions 1

State and region

Continental United StatesN e w England

ConnecticutMaineMassachusettsNew HampshireRhode IslandVermont

Middle East .DelawareDistrict of Columbia. .MarylandNew JerseyNew YorkPennsylvaniaWest Virginia

SoutheastAlabamaArkansasFloridaGeorgiaKentuckyLouisianaMississippiNorth CarolinaSouth Carolina. _.TennesseeVirginia

SouthwestArizonaNew MexicoOklahomaTexas

CentralIllinoisIndianaIowaMichiganM innesotaMissouriOhioWisconsin

NorthwestColoradoIdahoKansasMontanaNebraskaNorth DakotaSouth Dakota _UtahWyoming


Percent of nationa

1929

100

12313583

13296

12588

13613517510313916511368

514545714855614045375162

6884566768

1061378680

1108390

11093

799176788982576179

101

12713912094

105

1940

100

12614489

13395

12491

13115618812414015010969

564744825554623555505578

6982626272

1051269484

1138988

11290

79917773

10075646583

105

130140145101110

per capita income

1945

100

11112589

11483

11386

119121117111129135104

74

886356896964714864587483

8087727283

1041219985

1038590

11398

951019491

1049293949198

124128128105119

1946

100

11012287

11387

11290

119124131108125136103

76

676158846765654668617079

7783766980

1051249799

1019195

109100

9710010189

1169797

102S9

105

12212814299

112

Percent chan

1929 to1940

- 1 5

- 1 3- 1 0- 1 0- 1 5- 1 6- 1 6- 1 3

- 1 9- 2- 9+1

- 1 5- 2 3- 1 8- 1 4

- 6- 1 2- 1 2

- 3- 4

- 1 7- 1 4- 2 6+2

+13- 9+7

- 1 4- 1 7

Q

- 2 2- 1 1

- 1 6- 2 2

- 7- 1 1- 1 3- 1 0- 1 7- 1 4- 1 9

- 1 5- 1 5- 1 5- 2 1

- 5- 2 2

- 5- 1 0- 1 1- 1 2

- 1 3- 1 5+2

- 1 0- 1 1

1940 to1946

+109

+82+77

+105+77+92+88

+108

+90+67+45+81+86+89+97

+130

+149+174+177+114+157+153+120+175+159+155+166+112

+132+110+156+132+131

+109+105+114+144+87

+114+126+102+132

+156+128+182+152+143+169+216+227+121+109

+95+90

+104+105+113

ge

1945 to1946

+2

+1(2)(2)

+1+7+1+8+2+4

+14- 1— 1+3+1+5

(2)- 2+6- 1

' +4- 6- 3+9+6- 3

9

- 2- 3+7- 3- 2

+3+4- 1

+19

+10+8

2+3+4+1

+12- 1

+14+7+6

+10

+10(2)

+2+13

- 3- 4

1 Computed from data shown in table 13.2 Less than five-tenths of 1 percent.Source: Office of Business Economics.

Table 10.—Regional Comparisons of Total Income Payments, Population, and PerCapita Income in 1946 With Those in 1940

Kegion


New England - __ __Middle EastSoutheastSouthwest - -_ -Central - - -Northwest __ .-Far West

1946 as percent of 1940

Incomepayments1

223

196197258249221251269

Popula-tion

107

10810410410710698

137

Per capitaincome

209

182190249232209256195

1946 as percent ofpressed on basepercentage as 100

Incomepayments

100

8888

11611299

113121

Popula-tion

100

1019797

1009992

128

1940, ex-of U. S.

Per capitaincome

100

8791

11911110012293

1 To obtain comparability with the population data, the residence adjustments used in the computation of per capitaincome (see note 3 of "Technical Notes") were applied to total income payments.

Source: Income payments, Office of Business Economics; population, computed from data supplied by Bureau of theCensus and War and Navy Departments.

ber of changes in definition. Also, they em-body a complete statistical revision of formerseries that was designed to utilize improvedestimating procedures and to base the esti-mates on the latest source data. Of particu-lar note is that the name of the series on"income payments to individuals" has beenchanged to "personal income."

It has not as yet been possible to incorpo-rate the revisions into the State incomeseries. The estimates contained in this re-port conform to the "income payments toindividuals" concept. The considerable jobof preparing State distributions of personalincome and its components for the years1929-47 cannot be completed before the latesummer of 1948.

The State income estimates presented inthis report include revisions of estimatespreviously published for the years 1942-45.These revisions represent partly the incorpo-ration of better and more complete statisticalinformation by States than was availablepreviously, but they stem also from the com-prehensive revision of the national seriesnoted above. Beginning with 1942, the Stateestimates of each of the components of non-agricultural proprietors' income and of prop-erty income were adjusted statistically inconformity with the new national totals.Moreover, one conceptual change—generallyof some magnitude for the important farmStates—was introduced into the 1942-46 esti-mates. This was the inclusion of the changein all farm inventories in the computation ofthe net income of farm proprietors. For-merly the change in farm inventories of cropsnot held for sales was excluded, the defini-tion of the change in farm inventories beingrestricted to total livestock and to crops heldfor sale. The estimates of farm inventorychange on the revised basis were made avail-able by the Bureau of Agricultural Economics.The value of change in inventories, it may benoted, is included in farm proprietors' netincome in order to secure a measure of in-come from current production.

2. "Income payments to individuals" is ameasure of the income received by residentsof each State from business establishmentsand governmental agencies. It comprises in-come received by individuals in the form of(1) wages and salaries, after deduction ofemployees' contributions to social security,railroad retirement, railroad unemploymentinsurance, and government retirement pro-grams; (2) proprietors' incomes, represent-ing the net income of unincorporated estab-lishments, including farms, before owners'withdrawals; (3) property income, consist-ing of dividends, interest, and net rents androyalties; and (4) "other" income, which in-cludes public assistance and other directrelief; labor income items such as work relief,government retirement payments, veterans*pensions and benefits, workmen's compensa-tion, and social insurance benefits; muster-ing-out payments to discharged servicemen;family-allowance payments and voluntaryallotments of pay to dependents of militarypersonnel; enlisted men's cash terminal leavepayments; and State government bonuses toveterans of World War II. Income paymentsare distributed among the States on a where-received basis (with the exception of wagesand salaries, as noted below). Only pay-ments made to residents are included in theestimates for the continental United Statesand the individual States.

3. Per capita income payments are de-rived by division of total income payments bytotal population excluding Federal civilianand military personnel stationed outside thecontinental United States. In five instances,however, income was transferred from theplace of recipients* employment to place of



residence before computation of per capitaincome. These are New York and New Jerseyand the District of Columbia, Maryland, andVirginia. In this connection, it should benoted that the wage-and-salary componentof total income payments is allocated byStates on the basis of State of employment,rather than of residence. For all States, ex-cept the five listed above, it is assumed thatState of employment is identical with Stateof residence.

For the years 1929-43 population data usedin the derivation of per capita income arethe midyear estimates of the Bureau of theCensus of the Department of Commerce.For the years 1944-46 population totals usedare the sum of the civilian population fromthe Bureau of the Census and military per-sonnel, as compiled from monthly or quar-terly data, from the War and Navy Depart-ments.

4. The regional classifications used in thepresentation of income payments by States

Table 11.—Total and Per Capita Disposable Income, by Regions, Selected Years,1929-46

Region


New EnglandMiddle EastSoutheast- _SouthwestCentralNorthwestFarwest

Total disposable income 1

Amount

1929

81, 289

6,66327, 0728,6574,127

23, 9373,9136,920

1940

74, 627

6,01423, 6669,0253,867

21, 3903,3377,328

(millions)

1944

134,195

9,39236, 52420, 0078,466

36, 8786,917

16,011

1946

152, 713

10. 69542, 51621, 7878,838

43, 2897,751

17, 837

Percent distribut]

1929

100.0

8.233.410.65.1

29.44.88.5

1940

100.0

8.131.612.15.2

28.74.59.8

1944

100.0

7.027.214.96.3

27.55.2

11.9

on

1946

100.0

7.027.714.35.8

28.45.1

11.7

Per capita disposableincome (dollars)

1929

669

822902341461711532855

1940

566

712734318395597451739

1946

1,082

1,1771,272

740843

1,1441,0681,309

1 Equals total income payments to individuals minus Federal and State individual income taxes (less Federal incometax refunds). To obtain comparability with the income tax data, the residence adjustments used in the computationof per capita income (see note 3 of "Technical Notes") were applied to total income payments prior to the deduction ofincome taxes.


Table 12.—Total Income Payments to Individuals, by States and Regions, 1929-46 *[Millions of dollars]

State and region 1929 1930 1931 1932 1933 1934 1935 1936 1937 1939 1940 1941 1942 1943 1944 1945 1946


New EnglandConnecticutMaineMassachusettsNew HampshireRhode IslandVermont

Middle EastDelawareDistrict of Columbia--MarylandNew Jersey.New YorkPennsylvaniaWest Virginia

Southeast--.AlabamaArkansasFloridaGeorgiaKentuckyLouisianaMississippiNorth CarolinaSouth CarolinaTennesseeVirginia

SouthwestArizonaNew MexicoOklahomaTexas

CentralIllinoisIndianaIowaMichiganMinnesotaMissouriOhioWisconsin

NorthwestColorado _.IdahoKansasMontanaNebraskaNorth DakotaSouth DakotaUtahWyoming

Far WestCaliforniaN e vadaOregonWashington

82,617 73,325 61,971 47, 432 46, 273 53,038 ,8, 558 68, 000 72,211 66,045 70, 601 '5, 852 92, 269 116, 433 140,021 151,217 155, 201 169,373

6,7921,459449

3,787302579216

27, 840218638

1,1063,268.4, 4797,338793

8,681802562695956964862544966438905987

4,153245161

1,0792,668

24,2267,0361,8771,3483,5431,4432,2104,9201,849

3,927633230997325764264288272154

5,21774603

1,104

6,2821, 337432

3,512279527195

25, 609182644

1, 0363,08113, 3466,638682

7,127617393635798794725385812365743860

3, 428208137844

2, 239

20,8335,9031,5951,2482,9401,3251,9844,2511,587

3,592580204928264749224264239140

6, 4544,878

70524

5,6231,178381

3,156259477172

22,031167619927

2,71311, 4355,580590

6,064512332546667679640292690314622770

170116659

1,843

17,1854,8131,325965

2,4131,1251,6883,5641,292

2,824478153730213578160199195118

5,4564,151

62443

4,481911298

2, 555199385133

17, 045128549743

2,1518,8404,172462

4,979419287439560530499256576261498654

2,19912286507

1,484

12, 6303,517974619

1,816839

1,2842,610971

1,931362112487158344122117143

4,1673,182

46338601

4,264888297

2,386200366127

.6, 337127495720

1,9858,5094,027474

5,136419288425596534487256677299516639

2,29912090537

1,552

12,1933,335978644

1,641812

1,2442,601

1,95335811547415837412611814387

4,0913,113

43337

4,6781,000323

2,593228391143

18,299147556815

2,1979, 3694,627588

6, 354537342516735636595339845378661770

2,623149113583

1,778

14,1393,7871,167606

2,131921

1,3803,0661,081

2,250404146549212378136157165103

4,6953,530

53404708

5, 0311,096353

2,757241426158

19, 577161631871

2,3619,9414,989623

6,976585389584800713641373915406721849

2,924167131666

1,960

16,2204,2221,312896

2,4691,0831,5333,4471,258

2,627446165622250476178184192114

5,2033,904

62459778

5, 6731,267398

3, 093262473180

22, 448192763

1,0002,69011, 2465,818739

8,132699470711907847748463

1,006468846967

3,402202162753

2,285

18, 9864,9091,571982

2,9261,2811,7634,0721,482

3,029538201724283534197196224132

6,3304,730

72560

5,9001,356408

3,193272494177

23, 481205792

1,0672,835

11, 6356,174773

8,457711479773920902792442

1,077485880996

3,804232177841

2,554

20,6205,3951,7131,0923,2571,3621,8244,4061,571

3,238584223781299549217202247136

6,7115,047

77580

1,007

5,3721,199377

2,928258447163

51, 503178781

1,0002,658.0, 7595,438689

7,904652456751863793789399

1,011451801938

3,583213165767

2,438

18, 3784,8331,5221,0682,7051,3041,7093,7941,443

2,974526207690271509196208235132

6,3314,772

69540950

5,7291,301400

3,106268480174

22,783203813

1,0742,85911, 3015,819714

8, 414681478819901

4361,090493853

3,756227179796

2,554

20,0905,2851,6881,1853,0541,3781,8324,1541,514

3,099563213692288523209227243141

6,7305,047

84587

1,012

6,1241,417431

3.309'269511187

24, 319239905

1,2223,13811, 8306,225760

9,043763493900

847444

1,131545927

1,127

3,908237190829

2,652

21,6645,7401,8581,2333,4251,4241,9144,4481,622

3,363589232757321569237242265151

7,4315,606

92633

1,100

7,3671,837505

3,846309651219

28, 203278

1,0401,5163,67613,3847,404905

11, 5801,037658

1,0621,2411,0421,066630

1,436703

1, 2211,484

4,734287222956

3,269

!6,8006,8892,4371,5274,2711,6262,3635,6462,041

4,109695278974372655331301329174

9,4767,044107824

1,501

8,9712,341673

4,528350826253

33,277315

1,2542,0084,55215, 2158,8471,086

15, 5091,428896

1,4521,6421,3351,411883

1,864959

1,5282,111

6,517445299

1,3224,451

33,1478,0873,0921,9945,4822,0402,9206,9732,559

6,086990419

1,508475

1,039440472527216

12, 9269,315207

1,1932,211

10, 2352,648857

5,141378925

38, 735374

1,4482,4095,38117,61410, 2701,239

19, 4331,780977

2,1052,1431,6851,8741,0842,2441,1401, 9832,418

8,528598375

1, 5935,962

39,1659,3583,7252,2606,8562,2713,3568,3492,990

6,9461,137477

1,768517

1,162505448687245

16, 97912, 302

2111,5722,894

10, 7112,713864

5,447419963305

41, 994402

1,5082,5365,79419,30411,0851,365

21, 4761,9431,1222,3692,3731,8252,0011,1882,5141,2682,2762, 597

9,246582420

1,8086,436

41, 78910,2763,9282,1887,1622,4113,6128,9173,295

7,4841,146527

1,979528

1,298556547635

18, 51713,472

2061,6363,203

10, 8602,635847

5, 631460956331

43, 577393

1,6072,5015,774

20, 45411,3761,472

22, 2672,0211,2182,4202,4451,9571,9861,2052,6211, 3032, 4432,648

9,370594448

1,8016,527

42, 89310,6954,1022,3756,7992,6143,7769,1143,418

7,6921,271525

1,908555

1,333566598649287

18,54213,649

2101,6313,052

11, 9952,877917

6,269543

1,006383

48, 031430

1,7362,7166,16

22,89512, 4371,656

23,3952,0731,3282,3722,5672,1631,9821,1823,0311,4072,5352,755

9,714627491

1,8486,748

47, 83812,0194,3863,0127,3793,0824, 3499,8083,803

8,4391,380588

1,992669

1,489624673689335

19,96114,879

2351,7293,118

1 For definition and description see section on "Technical Notes."




are adapted from those proposed by HowardW. Odum in Southern Regions of the UnitedStates (University of North Carolina Press,Chapel Hill, 1936).

5. Estimates of total income payments toindividuals for each State are derived as thesummation of a very large number of sepa-rately estimated components. The followingstatement, which necessarily omits consider-able detail, affords a brief description of theprincipal sources of data used in the deriva-tion of State estimates for each of the fourbroad types of income payments definedabove. Uniform sources and methods areutilized for all States.

Wages and salaries, which for the Nationare more than three-fifths of all income, areamong the types of income for which dataare most complete and reliable. They areestimated by States in considerable industrialdetail. For most industries they are derivedfrom reports of the Bureau of the Censusand of the Social Security Administration.In the preparation of estimates for 1939 andsubsequent years, heavy reliance was placedon wage data compiled by the Social SecurityAdministration from tabulations by the Stateunemployment compensation agencies of re-ports received from all covered employers.For each State these tabulations include asummary of the total amount of wages, classi-fied by detailed industry groups, actually paidout by establishments located in the State.The unemployment compensation wage datawere supplemented by special tabulations ofthe Social Security Administration furnish-ing data on wages in the very small-sizedfirms excluded from unemployment insur-ance coverage by the varying size-of-firm pro-visions of the State laws. These tabulationswere compiled from wage data filed by em-ployers under the old age and survivors in-surance program, which includes all-sizedestablishments within "covered" employment.Supplementation of the unemployment com-pensation wage data by the old age and sur-vivors insurance wage data yields a completemeasure of wages and salaries paid out by allestablishments in "covered" industries. Ona Nation-wide basis, wages and salaries incovered industries in 1946 constituted three-fourths of all civilian wages and salaries andnearly one-half of all income payments toindividuals.

State estimates of wages and salaries areprepared for each of the several industries,or types of employment, not covered by So-cial Security laws. These include agricul-ture; Federal, State, and local governmentagencies; railroads; domestic service; mari-time industries; and nonprofit religious,charitable, scientific, and educational agen-cies. Data used in the formulation of esti-mates for these categories are obtained, forthe most part, from Federal agencies. Forexample, estimates of wages paid to hiredfarm laborers are secured from the Bureau ofAgricultural Economics of the Department ofAgriculture. Wage-and-salary payments bygovernmental agencies are based on data sup-plied by the Civil Service Commission, Bureauof Labor Statistics of the Department ofLabor, Bureau of the Census, Office of Edu-cation of the Federal Security Agency, andthe War and Navy Departments.

Estimates of government wages and sala-ries are made separately for the executive,judicial, legislative, and military branches ofthe Federal Government, and for the schooland nonschool groups of employees of Stateand local governments. Pay of the armedforces, net of their contributions to allow-

Table 13.—Per Capita Income Payments by States and Regions, 1929-40 and 1945-46[Dollars]

State and region

ContinentalStates

United

New England.ConnecticutMaineMassachusettsNew HampshireRhode IslandVermont

Middle EastDelawareDistrict of Colum-

bia.. _MarylandNew JerseyNew YorkPennsylvaniaWest Virginia

SoutheastAlabamaArkansasFloridaGeorgia.. _-.KentuckyLouisianaMississippiNorth Carolina..South Carolina..TennesseVirginia

SouthwestArizonaNew Mexico..OklahomaTexas

CentralIllinoisIndianaIowaMichigan...Minnesota..MissouriOhioWisconsin..


Far WestCalifornia...NevadaOregonWashington.

1929

838918566897652851601

926919

191703947,125767464

344305305484329371415273309252349422

464573383455465

720932583546745566612748634

534616518532602557389417537687

865946817640713

1930

596

768830540825599767542

841762

,179651869

p023688393

279232211431274303344191255209283367

376475322352383

612772491504608515546638539

487558455498490544329382470619

775854761547626

1931

577751871576336

235191177363227256299143214178234326

303382265275312

503626405388503433461532435

384455336402393421236289379515

642710660455503

1932

380

542558367594422562369

552522

9264605S6671429261

191155153287189198230125176147185276

237271192212248

369456296248382320349388325

262342241267290251181171276371

481533479342374

1933

514540364553420533351

526513

441535644414265

195154152272200199222123205167190266

247263196226257

355431296258348307337386312

265336242258290275190172275369

465511447337369

1934

420

561605394597478573397

586586

876493589705474326

239197180325245234269162253209241316

279322240246292

411488351242455346373453357

304376304298387279205232313435

524568535399432

1935

460

659428634502626439

623634

955524630743510342

260213204360264260286177270222260347

309355272281319

469543392357524403413507413

354412338337455353269273362477

571617614447470

1936

531

678758480713544691501

711750

,124597712S3 7594402

301253246423298307330218294254302393

357425330319369

546630468391606473473598484

409493406395514399300294419548

684734699539579

1937

561

704808490737562714493

740795

,107635750861629417

310256249445301325346207312262311405

397482353358409

589691508434659500488646510

438532444430541412333306459560

714769733552597

1938

509

640710450677531639454

674682

1,044594699791553369

287233236418280283341185289241280380

371436322327387

449423535474455554466

402475406382488384302318434537

662714645507558

1939

539

764474719548678483

709771

,031634746825589378

303242246442290297354201308261295402

461341340401

565671495468591497486603485

418505411383515397325351443567

692741767544588

1940

725827509766546715521

752

,080713803863628398

322268252471315308357202316286317450

399473356356413

605726541485649509505643516

454524440422574433368376480605

750805836579632

1945

1,177

1946

1 See note 3 of section on "Technical Notes."Source: Office of Business Economics.

ances and allotments going to their depend-ents, is allocated by States in terms of theirState of duty. This allocation is made sepa-rately for each of the four military servicesand is based on monthly or quarterly databy States on numbers of officers and of en-listed personnel stationed in each State andon average rates of pay for the two groupsof personnel.

Proprietors' income may be divided forpurposes of this discussion into net incomeof farm operators and net income of non-farm proprietors. State estimates of thenet income of farm operators are derived bydeducting from farmers' gross income duringthe calendar year their total expenses ofproduction. Gross income includes cash in-come from marketings of crops and livestock,Government payments, the value of productsconsumed on the farm, and the value (posi-tive or negative) of the change in inventoriesof crops and livestock. The total of produc-

1,200

1,3201,4651,0441,3561,0481,3471,085

1,4321,493

1,5691,2931,4941,6331,238914

801733697

1,010809778784555817729843952

927995911825954

1,2641,4861,1581,1831,2151,0901,1431,3021,198

1,1621,1961,2431,0621,3941,1641,1621,2281,0631,264

1,4651,5311,7031,1881,346

tion expenses is a summation of 34 separatelyestimated items. Data on which the incomeand expenditures data are based are those ofthe Bureau of Agricultural Economics. Itshould be noted that products consumed onfarms are valued at farm prices. For somepurposes, particularly those related to "wel-fare" comparisons, valuation at retail pricesmight be preferable.

The total net income of proprietors in non-agricultural industries is prepared by Statesfor each major industry division. The geo-graphic distribution of these components oftotal income payments is based mainly onreports of the Bureau of the Census, includ-ing reports of both the industrial and popula-tion censuses. Pending the availability ofmore complete information from Census enu-merations, year-to-year alterations of theState distributions derived for the census-year 1939 were based for each industry on a


August 1947 SUEVEY OF CUKRENT BUSINESS 23

relevant measure such as volume of salesor wage-and-salary payments.

National estimates of dividends, interest,and net rents and royalties are distributed byStates primarily on the basis of tabulationsby the Bureau of Internal Revenue of theamounts of those items reported by indi-viduals on Federal income tax returns. Ex-ceptions to this general procedure are theseparate estimation of net rents received byfarmer landlords (from data of the Bureau ofAgricultural Economics) and, for 1942-46, ofFederal interest payments to individuals.

For most of the numerous individual com-ponents of the category of "other" incomepayments, State and national data repre-

sent actual disbursements, as reported byFederal agencies. Types of income for whichdata on disbursements by States are avail-able from official reports include public as-sistance and other relief, retirement andunemployment insurance benefits under theSocial Security and Railroad Retirement andRailroad Unemployment Insurance programs,and veterans' pensions and benefits. Fortwo other items of this category—workmen'scompensation and retirement payments byState and local governments—estimates aresupplied by the Social Security Administra-tion as a product of its studies of socialinsurance and related payments. Data onState bonus payments to veterans of World

War II were furnished by the individualState governments.

The War and Navy Departments report dis-bursements for the country as a whole formustering-out payments, military allowances,and enlisted men's cash terminal leave pay-ments. Additionally, they supply requisitedata for estimating the amounts of these dis-bursements received by residents of the vari-ous States. Such data include a tabulationby the War Department of the actual amountof family-allowance payments received ineach State during June 1944, annual data onmilitary separations by State of residence,and annual data on the number of militarypersonnel according to State of residence.

Table 14.—State Income Payments, by Type of Payment, 1942-46 *[Millions of dollars]

United States, total_ _Wages and salariesProprietors' incomeProperty incomeOther income

Alabama, totalWages and salariesProprietors' incomeProperty incomeOther income

Arizona, totalWages and salariesProprietors' incomeProperty incomeOther income

Arkansas, totalWages and salariesProprietors' incomeProperty incomeOther income-.

California, totalWages and salariesProprietors' incomeProperty incomeOther income

Colorado, total _Wages and salariesProprietors' incomeProperty incomeOther income

Connecticut, total ___Wages and salariesProprietors' incomeProperty incomeOther income

Delaware, totalWages and salariesProprietors' incomeProperty incomeOther income

District of Columbia, totalWages and salariesProprietors' incomeProperty incomeOther income

Florida, totalWages and salariesProprietors' incomeProperty incomeOther income

Georgia, totalWages and salariesProprietors' incomeProperty incomeOther income

Idaho, totalWages and salariesProprietors' incomeProperty incomeOther income

Illinois, totalWages and salariesProprietors' incomeProperty incomeOther income

1942

116,43377, 94521,41012,8874,191

1,428963

48

4452871023620

8964563445640

9,3156,2821,5481,151334

58222812753

2,3411,74318137047

3152084457

1,2549969512736

1,45297224816963

1,6421,09336612360

4192241503015

8,0875,5251,297964301

1943

140, 02196, 39424,23113, 5955,801

1,7801,179397104100

4101263626

9775133315875

12, 3028,5752,0791,219429

1,13767925813466

2, 6481,98720638570

374255505910

1,4481,174

9013450

2,1051,45537618292

2,1431,440444143116

4772601673218

9,3586,5261,4391,020373

1944

151,217101, 54825, 84814, 5449,277

1,9431,216431112184

5823801174144

1,12253438967132

13, 4729,2042,3201,310638

1,14666224714295

2.7131,966223409115

402267556317

1,5081,195

9214378

2,3691,596427191155

2,3731,555460154204

5272821813430

10, 2767,1361,4991,078563

1945

155, 20199,15827, 69415, 47612, 873

2,0211,177460122262

5943681224460

5252641823841

10,6957,1261,6501,149770

1946

169,373105, 21534,16617,30812,684

2,0731,156

541140236

6273651595053

1,21857139673178

13, 6498,9192,4721,393865

1,271702300151118

2,6351,796236428175

393251536524

1,6071,255

99150103

2,4201,533472205210

2,4451,477519167282

1,32856451588161

14, 8799,2693,1301,546934

1,380776324168112

2,8771, 933307476161

430271627225

1, 7361, 320122170124

2,3721, 415532234191

2,5671,529613192233

5882982084240

12, 0197,8812,1211,282

735

State

Indiana, totalWages and salaries-Proprietors' income.Property incomeOther income

Iowa, totalWages and salaries..Proprietors' income.Property incomeOther income

Kansas, totalWages and salaries..Proprietors' income.Property incomeOther income

Kentucky, totalWages and salaries..Proprietors' income-Property incomeOther income

Louisiana, totalWages and salaries. _Proprietors' income-Property incomeOther income

Maine, totalWages and salaries..Proprietors' income-Property incomeOther income

Maryland, totalWages and salaries-Proprietors' income-Property incomeOther income

Massachusetts, totalWages and salaries-Proprietors' income-Property incomeOther income.—

Michigan, totalWages'and salaries..Proprietors' income.Property incomeOther income

Minnesota, totalWages and salaries..Proprietors' income.Property incomeOther income

Mississippi, totalWages and salaries..Proprietors' income-Property incomeOther income

Missouri, totalWages and salaries..Proprietors' income-Property incomeOther income

Montana, totalWages and salaries.Proprietors' income.Property incomeOther income

Nebraska, totalWages and salaries..Proprietors' income.Property incomeOther income

1942

3,0922,060

651279102

1,99480993718563

1,50876355514149

1,33576337213961

1,41196126412660

6734831006723

2,0081,481

252226

49

4,5283,279

443624182

5,4824,163

688450181

2,0401,090

66119297

883440353

5436

2,9201,815

691302112

4752391793621

1,039460448

9635

1943

3,7252,572

715293145

2,260950

1,02219791

1,7681,031

51614873

1,685975460150100

1,8741,287

350137100

8576101447033

2,4091,802

29023780

5,1413,798

470647226

6, 8565,400

771478207

2,2711, 266

692201112

1,084588359

6473

3,3562,138

735317166

5172651923822

1,16259342210146

1944

3,9282,675

715311227

2,1881,019

814208147

1,9791,102

595164118

1,8251,010

478162175

2,0011,355

330146170

864604130

7555

2,5361,829

324252131

5,4473,927

493689338

7,1625, 448

888510336

2,4111, 361

667215168

1,188562417

72137

3,6122,247

759339267

5282721824133

1,298'65346410972

1945

4,1022,547

905338312

2,3751,044

915221195

1,9081,007

569175157

1,9571,016

525175241

1,9861,249

348157232

8475501418076

2,5011,704

344268185

5, 6313,898

536724473

6,7994,788

923555533

2, 6141,419

737232226

1,205518421

74192

3,7762,300

758359359

5552741924445

1,33364547311897

1946

4,3862,6741,050

375287

3,0121,1901,384

252186

1,992967686195144

2,1631,112

631198222

1,9821,227

379176200

9175651839079

2,7161,771

455297193

6, 2694,215

656803595

7,3795,1141,110

624531

3,0821,610

959263250

1,182531410

83158

4,3492,4891,077

410373

669321254

5044

1,48965560813492



Table 14.—State Income Payments, by Type of Payment, 1942-46 1—Continued[Millions of dollars]

State

Nevada, totalWages and salaries...Proprietors' income..Property incomeOther income

New Hampshire, total...Wages and salaries._.Proprietors' income-Property incomeOther income

New Jersey, totalWages and salaries...Proprietors' income..Property incomeOther income

New Mexico, totalWages and salaries...Proprietors' income..Property incomeOther income

New York, totalWages and salaries...Proprietors' income-Property incomeOther income

North Carolina, totalWages and salaries-Proprietors' income..Property incomeOther income

North Dakota, totalWages and salaries._.Proprietors' income-Property incomeOther income

Ohio, totalWages and salaries...Proprietors' income..Property incomeOther income

Oklahoma, totalWages and salaries..Proprietors' income..Property incomeOther income

Oregon, totalWages and salaries...Proprietors' income..Property incomeOther income

Pennsylvania, totalWages and salaries. _Proprietors' income..Property incomeOther income

Rhode Island, totalWages and salaries. _Proprietors' income..Property incomeOther income

1942

20714045175

350243435014

4,5523,467

478464143

299173842715

15, 21510, 3291,9992,297590

1,8641,13552015356

4401412553014

6,9734,950

9a3

232

1,32272041211971

1,1938212498637

8,8476,4221,0541,068303

8266128010727

1943

21114641186

378255515220

5,3814,182518485196375235902921

17, 61412, 3002,2382,373703

2,2441,425544167108

5051612963117

8,3496,1141,054868313

1,593969395126103

1,5721,1093169354

10,2707,5011,2391,117413

9257007811136

1944

20614038199

419274585532

5,7944,403565518308420254993136

19, 30413, 2862,4292,5281,061

2,5141,453671191199

5561793163427

8,9176,4081,091923495

1,8081,022474141171

1,6361,12133010085

11,0857,8701,3621,189664

9637048411956

1945

210133442013

460290665846

5,7744,1626125554454482611053349

20, 45413,6912, 6432,6531,467

2,6211,445695201280

5661932953840

95666784125

1946

235143572312

876543

6,1614,3107796204524912711353847

22,89515, 2083,2542,9401,493

3,0311,672900235224

6242353094436

9,1146,1831,271982678

1,801992428150231

1,6311,032374110115

11,3767, 7151,4651,261935

9,8086,5661, 5251,086631

1,848945506169228

1,7291,058426124121

12, 4378,2221,8101,4021,003

1,00668810013880

State

South Carolina TotalWages and salaries..Proprietors' income.-Property incomeOther income

South Dakota, totalWages and salaries . . .Proprietors' income.-Property incomeOther income

Tennessee, totalWages and salaries..Proprietors' income..Property incomeOther income

Texas, totalWages and salaries..Proprietors' income..Property incomeOther income

Utah, totalWages and salaries..Proprietors' income..Property incomeOther income

Vermont, totalWages and salaries...Proprietors' income-Property incomeOther income

Virginia, totalWages and salaries-Proprietors' income-Property incomeOther income

Washington, totalWages and salaries._.Proprietors' income..Property incomeOther income

West Virginia, totalWages and salariesProprietors' income...Property incomeOther income

Wisconsin, totalWages and salariesProprietors' income...Property incomeOther income

Wyoming, totalWages and salaries...Proprietors' income.Property incomeOther income

1942

2015336

4721622633116

1,52894737714163

4,4512,7551,122

407167

5273521223320

2531555139

8

2,1111,555

34416151

2,2111,544

41317579

1,0867961567955

2,5591,592

589290

88

2161286516

1943

1,1407932176466

448191

19

1,9831,262

453153115

5,9623,8631,365

449285

6874671593526

286175594012

2,4181,774

37117796

2,8942,097

511185101

1,2399001798476

2,9901,902

675306107

2451457318

1944

1,26881725972

120

5471992833530

2,2761,397

514165200

6,4364,0781,395

486477

6354171393742

305180634319

2,5971,804

439185169

3,2032,268

589200146

1,36596518390

127

3,2952,089

718327161

268163721914

1945

1,30379426976

164

5982133044041

2,4431,428

558180277

6,5273,9441,407

514662

6494121404156

331184734529

2,6481,746

470200232

3,0522,058

574220200

1,47299919999

175

3,4182, 053

790349226

287165802121

1946

1,407835359

90123

6732273594641

2,5351,443

631206255

6,7483,9151,649

579605

6894231584662

383221864927

2,7551,779

552226198

3,1181,944

686247241

1,6561,119

258114165

3,8032,238

958387220

3351871062418

1 For definitions see section on "Technical Notes ." Comparable estimates for the years1929, 1933, and 1939-41 were published in the August 1945 issue of the SURVEY OF C U R R E N TBUSINESS.


The Business Situation

(Continued from p. 8)

total retail sales the bulge is not readilyapparent.

The year 1936 was the period of great-est expansion in economic activity in the1933-37 recovery from the depressionlow. While the bonus was one of thelesser expansionary forces, its contribu-tion to the level of production and priceswas undoubtedly important. The sea-sonally adjusted annual rate of personalincome rose from 68.0 billion dollars inMay to 78.9 billion in June and declinedto 71.2 billion in September. The rise inincome in 1936, the large average size ofthe bonds, and the age range of the vet-erans suggest that a significant propor-tion of the bonds was used to liquidate

debt, to invest in houses and other capi-tal goods, and to add to liquid assets.

Spending StimulusIn comparison with 1936, the factors

that may lead to a higher propensity tospend the proceeds of bond redemptionsare the relatively small average size ofthe bonds, the young age distribution, thenumber of veterans in college, and theneed to finance the setting up of newhouseholds. On the other hand, unem-ployment is now lower and wages higherthan 11 years ago, and durable goodsare not now so readily available.

The increase in personal consumptionexpenditures arising from this sourcewill have some expansionary effect in theeconomy. Concerning the types of goodsand services most likely to be affected,it might seem that nonrecurrent lump

payments such as the present one wouldtend to favor expenditures for durablegoods. In view of the still limited outputof many durable goods, however, the ef-fect may be to limit borrowing throughincreasing the size of down payments.Also to some extent it could be expectedto reduce commercial borrowing athigher rates. As in 1936, the bulge inpersonal consumption expenditures maynot be obvious, but there can hardly beany doubt that expenditures in late1947 will be higher than they would havebeen without the cashing of leave bonds.It follows that appraisal of current mar-ket tendencies should take account ofthis nonrecurring item, though obviouslysuch appraisals would include the rela-tive magnitude in what is at present aconsumer spending market of 159 bil-lion dollars.


August 11)47 SURVEY OF CURRENT BUSINESS S-l

Monthly Business StatisticsThe data here are a continuation of the statistics published in the 1942 Supplement to the SURVEY OP 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 italso provides a description of each series and references to sources of monthly figures prior to 1938. Series added or revised since publica-tion of the 1942 Supplement are indicated by an asterik(*) and a dagger (f), respectively, the accompanying footnote indicating wherehistorical data and a descriptive note may be found. The terms "unadjusted" and "adjusted" used to designate index numbers referto adjustment of monthly figures for seasonal variation.

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

Unless otherwise stated, statistics through 1941and descriptive notes may be found in the1942 Supplement to the Survey

1947

June

1946

June July August Sep-tember

Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary

Febru-ary March April May

BUSINESS INDEXES

PERSONAL INCOME*

Seasonally adjusted, at annual rates:Total personal income bil. of dol_

Wage and salary receipts, total doTotal employer disbursements do

Commodity-producing industries doDistributive industries doService industries _doGovernment do

Less employee contributions for social insurancebil. ofdoL

O ther labor income . . . .doProprietors' and rental income doPersonal interest income and dividends doTotal transfer payments do

Total nonagricultural income .do

FARM MARKETINGS AND INCOME

Farm marketings, volume: •Indexes, unadjusted:

Total farm marketings _. 1935-39= 100..Crops doLivestock and products do

Indexes, adjusted:Total farm marketings .do

Crops __ doLivestock and products .do

Cash farm income, total, including Government pay-ments* .__ mil. of doL

Income from marketings* ....doCrops* doLivestock and products*. do

Dairy products* doMeat animals* doPoultry and eggs* do

Indexes of cash income from marketings:!Crops and livestock, combined index:

Unadjusted 1935-39= 100..Adjusted _ ._ do

Crops ..doLivestock and products do

INDUSTRIAL PRODUCTION

Federal Reserve Index

Unadjusted, combined index! 1935-39=100-.Manufacturesf ..do

Durable manufactures! doIron and steel! do.....Lumber and products!-- do

Furniture!-— - doLumber! do

Machinery! doNonferrous metals and products! do

Fabricating* doSmelting and refining* do

Stone, clay, and glass products! doCement doClay products* doGlass containers! do

Transportation equipment doAutomobiles! § do

Nondurable manufactures! do_...Alcoholic beverages! doChemicals! do

Industrial chemicals*.. do.___

2,192743

1,449387794234

3320)0)0)

v 184J»190J>218

193••145' 159' 139' 273'182' 180'186'207

v 162254

v 229* 186v 168

178*>245

173.2107.9109.845.830.613.619.8

1.91.6

39.313.211.2

155.3

11194125

131150118

' 1, 573r 1, 520' 598-•922' 350'328'206

•-229271332226

171176194154141146138241137147110191166147237238167162174231

179.0109.9111.846.431.314.020.1

1.91.6

43.313.310.9

157.5

154150158

155142164

2, 6232, 4891,1401, 349'391'693'227

'375335311354

174178203180137144133243150155139193171147239241176159187232396

I

180.9112.3114.248.531.914.019.8

1.91.6

42. 913.310.8

160.5

145156136

139130146

' 2, 388' 2,325' 1, 108r 1, 217

'370'612'211

'350313294327

180186210184144152140254159163150204179154261242182166174233395

178.5113.0114.849.431.814.119.5

1.81.6

39.513.311.1

162.0

130162106

111117107

r 2,123' 2,110'1,211'899'342' 302'236

'318249279227

184191214185147152144261172176161212188155270240188172237235395

184.0113.6115.449.532.014.219.7

1.81.6

45.313.310.2

162.7

188231155

142142142

' 3, 401' 3, 386' 1, 862' 1, 524'343'875

'510348346349

184191215184142155136268184191167209181158258237185172221240402

188.4115.4117.250.633.014.419.2

1.81.6

47.613.510.3

165.6

169166

156155157

' 2, 999' 2, 986'1,450r 1, 536'315'933'274

'449367347382

183192214178139157131271192198176207175155254235187174196244411

189.9117.0118.852.333.514.418.6

1.81.6

47.213.710.4167.3

150153148

154155154

' 2, 438r 2, 420

'999' 1. 421'317'829'266

'364363349374

180188209159129160114276197203182203161158247235187172210250422

190.3117.1

••119.253.133.514.618.0

2.11.6

46.613.911.1

168.2

144149140

166191148

2, ISO2,144834

1,310320811174

323366370364

185192218192326161107277204212184208148156273229181172206252430

190. 7117.5

'119.653.233.714.618.1

2.11.7

46.814.010.7

168. 5

11293

127

148148148

1,7451.701

5221.179

314(.186174

256352310384

185193220191135167118277205211190205154156255233190171195253429

191.8117.5

'119.653.733.714.617.6

2.11.7

47.714.010.9

168.8

11891138

145148143

1.9961,930608

1, 322337754225

'291364338

187195223196140166126281199200196209157159269

'239197171187254'431

190.2116.7

'118.953.233.414.817.5

2.21.7

46.914.010.9

167.8

11985144

' 185193

' 222195143161134

'276'195r 193

203208166160263237193169182

'253'433

'191. 5'118.3'120.4

' 54.1' 3 4 . 2

14.9' 17 .2

2.11.8

' 46 .914.0

' 10. 5

' 169.2

12786

158

141141141

1,9721,912

5821,330

347736233

288367364

0)0)0)2,025

' 1,996'614

' 1, 382'383

716'260

'3000)0)

' 185' 191' 2 i 8

197' 143'158

136273

'187' 182' 198'206

14S' 162

269'224'178'169

167'252'434

p Preliminary. ' Revised. § Index is being revised; see note for automobile index at the bottom of p. S-2 of the February 1947 Survey. i Discontinued.*New series. The new series on personal income replace the series designated "income payments" shown in the Survey through the June 1947 issue; personal income is current

income received by persons from all sources, exclusive of transfers among persons; data for 1929-46 and a description of the series are published in "The National Income Supplementto the July 1947 Survey of Current Business" which can be purchased from the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C , for 25 cents.Data to continue through May the series on income payments are given on p. 2, July, 1947 Survey. For a description of the indexes of the volume of farm marketings and figures for1929-42, see pp. 23-32 of the April 1943 Survey; indexes since 1942 are from the Department of Agriculture. Data for 1913-41 for the dollar figures for total cash farm income and totalincome from marketings are shown on p. 28 of the May 1943 Survey; data for 1940-44 published in that and later issues are subject to revision; data beginning 1945 have been revisedand revisions for January 1945-May 1946 for the totals and the breakdown of cash farm income will be published later. Data beginning 1939 for the new series under industrial pro-duction are shown on p. 18 of the December 1943 issue.

tRevised series. For revisions for the indicated series on industrial production, see pp. 18-20 of the December 1943 issue. Revised data for 1913-40 for the unadjusted index of cashincome from farm marketings are available on p. 28 of the May 1943 Survey; 1941-May 1946 data are subject to revision; the adjusted index has been discontinued.


S-2 SURVEY OF CUEKENT BUSINESS August 1947

Unless otherwise s ta ted , s tat is t ics th rough 1941and descriptive notes may be found in t he1942 Supplement t o t he Survey

1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


BUSINESS INDEXES—Continued

INDUSTRIAL PRODUCTION—Continued

Federal Reserve Index—Continued

Unadjusted—Continued.Manufactures—Continued.

Nondurable manufactures—Continued.Leather and products! __ 1935-39=100__

Leather tanning* m doShoes do

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

Paper and products! - -doPaper and pulpt do

Petroleum and coal products! doCoke do.Petroleum refinrngf do.

Printing and publishing! _do_Pub her productst do.Textiles and products! . .do .

Cotton consumption do.Pay on deliveries do.Wool textile production _.do.

Tobacco products. do.Minerals! do.

Fuelsf do.Ant.hra.cite! do.Pituminous coal! do.Crude petroleum do.

Metals do.Adjusted, combined index! do.

Man u factures _ do.Durable manufactures. do.

Lumber and products... do.Lumber do.

Nonferrous metals do.Smelting and refining* do.

Stone, clay, and glass products.. ___do.Cement do.Clay products* do.Glass containers do.

Nondurable manufactures do..Alcoholic beverages do.Chemicals do.Leather and products do.

Leather tanning* doManufactured food products do

Dairy products , doMeat parking doProcessed fruits and vegetables* do

Paper and products do___Paper and pulp do

Petroleum and coal products doPetroleum re fin in pf do.

Pn-ntirsp and publishing do.Textiles and products do.Tobacco products do.

Minerals do.Metals do.

MANUFACTTPFFS ' O P P F R S , SHIPMENTS,AND INVENTORIES (VALUE)

New orders, index, totalt avg. month 1939=100..Durable goods industries do . . .

Iron nud steel and their products do___MaoMnerv. including electrical do_._Other durable goods do.._

Nondurable poods industries doShipments, index, tofalt do . . .

Durable poods industries doAutomobiles and equipment doIron and steel and their products. doMachinery, including electrical doNonferrous metals and products doTransportation equipment Cexc. autos) do . . .Other durable Foods industries do

Nondurable goods industries doChemicals and allied products doFood and kindred products doPaper and allied products do . . .Products of petroleum and coal doBubber products doTextile-mill products.. doOther nondurable goods industries. _do

Inventories:Index, fota 1 , . . . . do

Durable goo^s industries doAutomobiles and eouipment doIron and steel and their products doMachinery, including electrical! doNon ferrous metals and products* A doTransportation equipment fexc. autos) doOther durable goods industries! do I

v 154v229

150J»101v 160v 155

146p 213»154

133261

P 165»153v 153P 1 0 9*>147v 159v 153P 183p 189P 2 1 7P 148P ! 2 8p 182J>188*>206

257v 167159

P 248

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v 131P 159

146v 154159

P 149

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»174137

1292181651522451741591411498615615395170176193133127137110190155148240162161233128107139

P12985162146142

»174

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214231223331161203209212126187255210535220206208209208185293208199

173189234124251152626128

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J>178160

11521114512723914414515015312815915412617217720212912115114019215514724915717623510399150

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124145140146103

204229252295153188206216169197240206497211199198220185193268174186

181195245128256157642132

119100133164

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P 186

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217238298143316184897165

115118113144

v 16113988156150

p 179166

144234166154270

' 159151139144102127155

r 112«• 1 8 7194222144135

' 195203211175

M64263172189251115119158

P 154150144156150

p. 179

141166160

' 136

••241279

••308••316

219219

r 288320

•• 366371597

••300265

' 2 7 8r 282••276

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••326184928170

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232527292022283125263f3C60282626282725

2026

2225311533189517

r Pev i sed . p P re l iminary . 1 Index is in process of revision. .• N e w series. Da t a beginning 1939 for the new series under indust r ia l product ion are shown on p p . 18 a n d 19 of the December 1943 Survey . Fo r 1938-45 da ta for t h e index ot in-

ventories for nonferrous meta ls and the i r p roduc t s , s e e p . 22 of t h e Augus t 1946 Survey .! Revised series. For revisions for the indicated unadjus ted indexes a n d all seasonally adjusted indexes shown above for t h e indust r ia l product ion series, see p p . 18-20 of t ne D e -

cember 1943 Survey . Seasonal ad ju s tmen t factors for a n u m b e r of industr ies included in the indust r ia l product ion series shown in the Survey were fixed a t 100 beginning var iousm o n t h s from J a n u a r y 1939 to J u l y 1942; dnta for these industr ies are shown only in the unadjus ted series as the " a d j u s t e d " indexes are the same as the unad jus ted . D a t a for 1939-44for the revised indexes of new orders and sh ipmen t s , except combined indexes for mach inery , are shown on p . 23 of the Ju ly 1946 Survey, and combined indexes for mach inery forthese series and for inventories for 1938-45 are on p . 22 of t h e Augus t 1846 issue; revised figures th rough Augus t 1945 for inventories of "o the r du rab le goods indus t r i e s , " supersedingfigures in the August 1946 Survey , will be publ i shed la ter .


August 1947 SURVEY OF CURRENT BUSINESS S-3


1947

June

1946


Octo-ber

Noven, Decem-ber

1947

Janu-ary


BUSINESS INDEXES—Continued

MANUFACTURERS' ORDERS, SHIPMENTS,AND INVENTORIES, (VALUE)—Continued

Inventories—Continued.Index—Continued.

Nondurable goods a-vg month 1939=100Chemicals and allied products doFood and kindred products doPaper and allied products doPetroleum refining _ _ do __Rubber products doTextile-mill products . doOther nondurable goods industries! -- ---do

Estimated value of manufacturers' inventories*mil. of dol

NEW PLANT AND EQUIPMENTEXPENDITURES*

All industries total mil. of dolElectric and gas utilities doManufacturing and mining do _Railroad doCommercial and miscellaneous _ do

3 670410

1,850240

1,160

158166150164118192156176

17,175

2,790230

1,530130910

169170180171120195164182

18,010

173171183178124198168186

18,466

176174184181129204171189

18,886

3,310280

1,810160

1,070

184180195183132212174200

19, 533

187185199183134215173207

19,896

190195202185133216174208

20,259

3,730360

1,920180

1,280

195199206187134238177217

20,805

197204203192133250178221

21,176

199211202196136262183222

21,612

3,160330

1,600160

1,080

' 2 0 3222201

139273

••188223

22,061

203228199206142

188222

22,408

BUSINESS POPULATION

OPERATING BUSINESSES ANDTURN-OVER*

(U. S. Department of CommeiOperating businesses, total, end of quarter

Contract constructionManufacturingRetail tradeWholesale tradeService industriesAll other

New businesses, quarterlyDiscontinued businesses quarterlyBusiness transfers, quarterly

INDUSTRIAL AND COMMERCIAL

(Dun and Pradstreet)Grand total

Commercial serviceConstructionManufacturing and miningRetail tradeWholesale trade

Liabilities, grand total . __ __Commercial serviceConstruction _ _ _ _ _ _Manufacturing and miningRetail trade - _ _. _Wholesale trade

BUSINESS

ce)..thousands

dododododododododo

FAILURES

numberdodododo-_-do

thous. of doldododo_-_dodo

BUSINESS INCORPORATIONS

New incorporations (4 states) . number 2,893

3, 494. 7232.2287 8

1, 614, 5160.1661.2538.8168.7

43 1103.3

693

132524

43,006

7262

1,996661

80

4,388

7479

3617

53,434

413162

1,948835

76

3,946

9212123726

53,799

459516

2,113297414

3,550

3, 595.3241.9298.8

1,661.8165 7681.9545.1146.846 3

108.3

96111732288

4,877311

1,3682,510

367321

3,399

1231114602117

6,400147500

4,975352426

3,771

104139

3836

812, 5113,202

1368,492

392289

3,068

v 3,644.6v 247.9v 307.8

P 1,674.1p 169.0p 696.6p 549.2p 103.5

P 54 288.5

1411418583516

17,105801266

7,2171,0257,796

3,561

2021715677627

15,193582575

11,0201,6741,342

4,202

2382220927034

12,976651766

7, 6541 3962 509

3,018

2542113

1088824

15,251758341

11, 3361,1691,647

3,299

2772316

1178437

16, 0801,015

24711,822

1,5031,493

2,99S

3783320

155119

5117, 326

739321

10, 9713,0372.258

2,870

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

U. S. Department of Agriculture

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 doDairy 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

27126225324039027522821531827833S233205

244252233231117

218223200195370210261185219213230207178

196201190188116

244240215244369249249163242247268245196

209214202199123

249233203225388271203162242263294257199

214221204204123

243236207221396285210154236250249271221

210217200200122

273244218222410304208151255299318300257

218231202207132

263230220187399236186207342294313307230

224239204212124

264232224186406242211166334294311312226

225239207213124

260236223184399240196238336281306292201

227242207215121

262245235185390246203275334278319270192

234248215221119

280266283212390257215299360292345269199

240252224227123

2762692772233872602232053582S2331257'204

243255227230120

272268276218390270222286326275327241203

242254226229119

' Revised, *> Preliminary.•New series. For estimated value of manufacturers' inventories for 1938-42, see p. 7 of the June 1942 Survey and p. S-2 of the May 1943 issue. For data prior to 1945 for the

series'on operating businesses and business turnover, see pp. 21-23 of the May 1946 Survey and p. 10 of the May 1944 issue. The series on new plant and equipment expenditures arecompiled by the Securities and Exchange Commission and the U. S. Department of Commerce and are estimated quarterly totals for all private industry, excluding agriculture, basedon reports from a sample including most of the corporations registered with the Commission and a l»rge sample of unregistered manufacturing companies; data are reported actualexpenditures. 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 by farmers to prices paid,interest and taxes; data for 1913-45 will be shown later.

t Re vised series. Revised figures for 1938-August 1945 for inventories of "other nondurable goods industries" wi]] be shown later. Indexes of prices received by farmers for 1913-45 are shown on pp. 17-19 of the April 1947 Survey; data for July 15, 1947, are as follows: Total 276; crops, 263: food grain, 251; feed grain and hay, 253; tobacco, 390; cotton, 289;fruit, 215; truck crops, 189; oil-bearing crops, 314; livestock and products, 286; meat animals, 343; dairy, 244; poultry and eggs, 220.


S-4 SURVEY OF CURRENT BUSINESS August 1947


1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


COMMODITY PRICES—Continued

RETAIL PRICES

Consumers' price index:§National Industrial Conference Board:$

Combined index 1923=100..Clothing doFood doFuel and light ~ _- doHousing _ _ _ doSundries do

U . S . Department of Labor:Combined index 1935-39=100

Clothing _ - - _ doFood __ __do

Cereals and bakery products* doDairy products* doFruits and vegetables* _ __ doMeats* • do

Fuel electricity and ice do -Gas and electricity* doOther fuels and ice* do

Housefurnishings do __Rent 5 doMiscellaneous do _

U.S . Department of Commerce index:All commodities* _ 1935-39=100..

U .S. Department of Labor indexes:Anthracite 1923-25=100..Bituminous coal do _

Fairchild's index:Combined index Dec. 31,1930=100

Apparel:Infants' doMen's _ _ do __Women's __ do____

Home furnishings do __Piece goods _ _ - __ do

WHOLESALE PRICES

U. S. Department of Labor indexes:Combined index (889 series) d" 1926 =» 100..

Economic classes:Manufactured productscf - do.__.Raw materials _ doSemimanufactured articles _ __» _. do

Farm products doGrains do -Livestock and poultry . _.do

Commodities other than farm products^1 do.___Foods do .

Cereal Droducts _ do____Dairy products _ doFruits and vegetables _ _ . do __Meats do

Commodities other than farm products and foods d*1926=100.-

Building materials „___ _ doBrick and tile do __Cement doLumber. _ do _Paint and paint materials do

Chemicals and allied products! - doChemicals doDrug and pharmaceutical materials! do _Fertilizor materials do _Oils and fats do

Fuel and lighting materials _ . doElectricity doGas _ doPetroleum products-. do.

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

Housefurnishing goods , . . . . do _Furnishings _ doFurniture do

Metals and metal productscf - - doIron and steel do___Metals, nonferrous. ._ doPlumbing and heating equipment _ --do

Textile Droducts - -.do .Clothing doCotton goods ._ _ . doHosiery and underwear „ do _Rayon doSilk doWoolen and worsted goods »_ do__

Miscellaneous doAutomobile tires and tubes doPaper and pulp . . . do

Wholesale prices, actual. (See respective commodities.)

v 157.0

190.5154.6171.5205.0216.9

178.8

116.8123 6

123.7

121.7121.4120.4130.7120.1

147. 8

142.3160.2144.2177.9206.0200.9141.0161.8149.2140.9145. 2208.6

131.8175.2134.7114.3266.1163.9120.2118.7156.1101.8139.2103.9

87.5168.0187.1157.1172.6129.2137.2120.9142.6131.4142.9119.1138. 9133.9193.8100.837.068.4

129.2115. 873.0

154.2

108.296.4

116.297.391.0

117.6

133.3157. 2145.6122.1147.8183.5134.0110.592.1

128.4156.1108.5127.9

147.7

108.8111.0

114.7

108.1106.2115.0117.2113.3

112.9

107.3126.3105.7140.1151.8137.4106.7112.9101.7127.3136.1110.1

105.6129.9121. 3102.6176.0108.696.498.0

109.482.7

102.187.867.279.664.0

122.4121.5110.7129.5110.4114.5106.1112.2110.199.2

106.0109.2120.3139.475.830.2(0112.798.573.0

115.6

141.2158.7165.7126.1179.1188.4173.7113.392.1

133.8157.9

128.2

156.3

117.9114.3

115.1

108.2106.6115.7117.4113.3

124.7

118.9141.7110.2157.0181.4162.9117.5140.2124.9156.9130.0169.9

109.5132.1122.5104.0177.3114.999.398.5

112.688.2

114.290.365.680.765.1

141.2169.3133.2140.4111.9117.3106.41.13. 3111.3102.7106.0118.1120.5148.676.330.2

126.7112.7101.373.0

117.1

144.1161.2171.2135.4180.1178.3186.6113.791.8

135.0160.0108.7129.8

159.8

118.0114.4

116.0

109.1108.0116.6118.7113.5

129.1

123.9145.7111.9161.0169.0177.6121.9149.0124.7161.8120. 4198.1

111.6132.7126.0105.8177.6113.998.498.4

110.194.4

102.594.463.979.572.8

138.9155.8133.3140.1112.6118.5106.6114.0113.3101.4106.3124.0122.8160.087.730.2

134.8112.8102.073.0

119.6

114.799.7

131.499.991.0

120.2

145.9165.9174.1137.3186.6176.4188.5114.491.7

136.5165.6108.8129.9

164.3

119.8116.2

116.7

110.3109.1117.5119.8113.9

124.0

117.2141.4115.0154.3170.6150.4117.2131.9127.4169.1115.5131.3

112.2133.8127.8106.5178.2116.798.49S.6

110.390.2

103.394.364.780.673.0

141.6151.5138.5144.8113.6119.4107.5114.2113.5101.4107. 2125.7122.9166.688.730.2

126.5113.9102.173.0

121.9

148.6168.1180.0138.5202.4176.5190.7114.491.6

136.6168.5

131.0

167.2

119.6116.4

117.8

110.4110.0118.2121.3114.3

134.1

129.6148.7118.2165.3174.2174.6127.1157.9128.5185.5122.5191.4

115.8134.8127.8106.5178.9119.299.998.8

111.591.9

111.194.264.180.873.1

142.4153.0138.5145.2115.3121.3109.2125.8113.7101.8107.2128.6125. 5172.988.830.2

125.7116.6104.073.0

124.6

152.2171.0187.7140.6198.5184.5203.6114.891.8

137.2171.0

132.5

171.5

119.6116.5

119.0

111.3111.5118.3124.3116.1

139.7

134.7153.4129.1169.8165.4197.4132.9165.4136.1182.9139.5202.8

120.7145.5129.1107.0192.1151.3118.9106.9152.896.3

191.094.565.284.473.4

172.5221.0178.1162.9118.2124.4111.8130.2114.0118.4107.2131.6127.9174.789.332.0

115.0117.7106.573.0

127.7

123.2105 8149.3100.391.0

125.9

153.3176.5185.9141.6200.9185.0197.8115.592.0

138.3177.1

136.1

172.7

119.6117.6

120.7

117.2114.8118.5126.4118.2

140.9

135.7153.2136.2168.1163.0194.7134.8160.1139.5180.0134.5188.2

124.7157.8130.0106.9227.2155.4125.7111.8181.295.1

203.096.165.883.175.8

176.7216.5185.0169.9120.2126.3113.9134.7117.4129.3114.9134.7129.8181.696.933.8

103.2119.0108.973.0

136.4

153 3179 0183 8143.4190 1187 9199 0117 391 9

142.1179.1108 8137 1

172.7

121 6121 9

122.1

118 4117 7119 5127 9117.5

141.5

136.7152 1138.8165 0162.6189.6136.1156.2139.9164.6131.6183 4

127.6169.7132.2108.3249.9171.2128.1112.7181.799.9

210.697.764.980.876.5

175.1198.5181.6170.6123.3128.4118.2138.0123.9130.5117.0136.6132.4184.699.333.8

101.2120.8110.373.0

141.9

153.2181.5182.3144.1183.2191.7196.7117.592.2

142.3180.8108.9137.4

172.7

121.6122.2

122.9

120.0119.3120.1129.1120.2

144.5

139.7154.9142.1170.4171.1201.5138.6162.0141.3161.8134.2199.5

128.5174.8132.3109.9263.6173.9129. 3113.8182.599.2

214.397.965.784.376.6

173. 8191.4181.1171.5124.6129.6119.5137.9125.0131.3117.1138.0132.7193.7100.037.080.2

121.9110,973.0

143.4

124 9108 3152 3101.591.0

126 9

156 3184.3189.5148.1187 5199 6207.6117 692 2

142.5182. 3109 0138 2

177.2

121.6122 3

123.5

120 9121 1120.2129 9121.4

149.5

143.3163.2145.9182.6203.3216.0142.1167.6150.4157.6141.5207.3

131.1177.5132.4112.3269.3176.1132.2114.5182. 7101.8231.5100.764.384.981.7

174.6192.2183.7171.5125.8131.4120.0139.9126.9139.0117.9139.6133.0196.6100.837.073.2

127.5115.373.0

145.1

156 1184 6188.0153.4178 9200 4202 6118 492 5

143.7182.4109 0139 1

177.2

121. 5122 5

123.9

121 2121 5120 6130 4120. 5

147.7

141.9160 1144. 5177.0199.8199.2141.0162.4154.1148.8142.2196.7

131.8178.8134.5114.0273. 5175.5133.2119.5181.0101.2220.1103.464.384.086.3

166. 4178.1158.0172.1127.4134. 4120.0140.3127.6141. 0118.2139.2133.0194.7100.837.069.4

129.1115.773.0

152. 5

155 8184 4187 6154.2171 5207 0203 9117 692 4

142.2181.6109 2138 7

177.1

116 8123 4

123.8

121 8121 5120 6130 5120.0

146.9

141.7158 6143.2175 7202 4198.7140.4159 8151.7138 8144. 3203 0

131.7177.0134.5114.0269.4169.2127.1118.7173.6102.5179.9103.3

85.086.8

165.6177.7154.5172.2128.8136.9120.3141.4128.6143. 9120.0138.9133.9193.0100.837.067.9

129.2116.173.0

154.3

r Revised. *> Preliminary. i Not available. §Formerly designated "cost of living index." JFor revised 1943 data see p. 20, of April 1946 Survey.d*Current prices of motor vehicles were introduced into the calculation beginning October 1946: April 1942 prices were carried forward in earlier computations (see explanation in

January 1947 Survey); if April 1942 prices had been used in October 1946- June 1947 calculations, indexes would have been as follows: All commodities, 132.5,137.9,139.0,139.5,142.6,147.6, 145.8, 145.0, 145.9; manufactured products, 127.0, 131.7, 132.5, 133.5,136.7,140.2,138.9; 138.7,139.2; commodities other than farm products, 125.1, 130.7, 132.4,133.7, 136.3, 139.8,138.8, 138.1, 138.7; commodities other than farm products and foods, 113.2, 117.8, 121.6,124.4, 125.5,128.1128.9,128.7,128.8; metals and metal products, 114.3,117.0,120.5,123.7,124.3,126.3, 126.9, 127.8, 129.0.

• In May, June, September and October 1946, it was impossible to obtain adequate samples for some meats in a number of cities; in such cases, the latest available prices were car-ried forward in the index; July index reflects full price change from mid-April and November index, full price change from mid-August.

J Data for 1947 are estimated, based on a survey of rents in 5 cities in January and 6 in February, March, April and May; see note in February 1947 issue regarding earlier data.•New series. 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 revised figures 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 sub-groups are shown on p. 16 of the November 1946 Survey. Data beginning1935 for the indexes of retail prices of "gas and electricity" and "other fuels and ice" will be published later.

fRevised series. For revised data for 1941-43 for the indicated series on wholesale prices, see p. 23 of the November 1945 Survey.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1947

June

1946


Octo-ber

Novem-ber

Decem-ber

194?

Janu-ary


COMMODITY PRICES—Continued

PURCHASING

As measured b y -Wholesale pricesConsumers' pricesRetail food pricesPrices received by

POWER

farmers!

OF THE DOLLAR

1935-39=100..d o . . . .do

.do . . . .

54.»63.P52.

39.

1

43

71.375.068.648.9

6470.60.43.

8936

62.369.658.342.8

64.868.557.343.8

60.067.455.539.0

57655340

69

4

67.165.253.740.3

56.965.254.341.0

55.765.354.840.7

53.64.52.38.

8070

54.64.53.38.

5115

546453.39.

9222

CONSTRUCTION ACTIVITY*

New construction, total mil. of doLPrivate, total do. . .

Residential (nonfarm) _ , _ do. -Nonresidential building, except farm and public

utility, total ...mil. of doL.Industrial do

Farm construction _ _. doPublic utility do

Public construction, total do. _Residential _ doMilitary and naval do.Nonresidential building, total... . do. _.

Industrial _ . ._ _ doHighway doAll other _ do

CONTRACT AWARDS, PERMITS. ANDDWELLING UNITS PROVIDED

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

Residential, unadjusted do.Total, adjusted _ do

Residential, adjusted doContract awards, 37 States (F. W. Dodge Corp.):

Total projects numberTotal valuation thous of dol

Public ownershio doPrivate ownership. _ do

Nonresidential buildings:Projects numberFloor area thous. of sq.ft..Valuation _ thous. of dol_.

Residential buildings:Projects numberFloor area thous of sq ftValuation thous of dol

Public works:Projects numberValuation thous. of dol

Utilities:Projects numberValuation . . _ theus. of dol

Indexes of building construction, based on buildingpermits (U. S. Dept. of Labor): f

Number of new dwelling units provided. 1935-39=100,.Permit valuation:

Total building construction . . . . doNew residential buildings. doNew nonresidential buildings doAdditions, alterations, and repairs . do

Estimated number of new dwelling units scheduled tobe started in nonfarm areas (U. S. Dept. of Labor):

Total nonfarm* _ number..Urban, total t - do

Privately financed, total _. . do1-family dwellings - do2-family dwellings - doMultifamily dwellings do. . .

Publicly financed, total doEngineering construction:

Contract awards (E. N. R.)§. thous. of dol..

HIGHWAY CONSTRUCTION

Concrete pavement contract awards: %Total thous. of sq. yd._

Airports _ doRoads doStreets and alleys do

CONSTRUCTION COST INDEXES

Aberthaw (industrial building) 1914—100American Appraisal Co.:

Average, 30 cities . . .1913=100Atlanta _ _ do __New York doSan Francisco . doSt. Louis do

CONSTRUCTION

1,062788369

25213750

117274

81645

312580

v 157v 125P ! 3 5v 113

24, 044605, 070226. 471378. 599

4, 35527, 561

209, 942

17, 60429, 213

209, 458

1,744142,495

34143,175

271.1

271.4387.8172. 6265.7

83, 20047, 01046, 00534, 5763,5427,8871,005

517,175

4,228212

2,4561,560

427448438396421

'871699

'284

3041384071

172231426

66346

201195174177

48,265807,914214,534593,380

4,35741,370

273,207

41,57451,533

332,248

1,950154,009

38448,450

' 300.2

' 235. 2' 360.4r 137. 0' 207. 6

76,90052, 23538,13031,3882,1564,586

14,105

555, 469

4,585747

2,7351,103

270

317337324294309

'982'767'324

3171495076

215321430

68158

179162165161

36,523717,991201,645516,346

3,58242,457

283,635

31,11245,327

281,227

1,537121,149

29231,980

283.7

218.7321.2135.8203.1

79,00052,22737, 96631,1701,9804,816

14, 261

' 512,330

3,345385

1,6871,274

326346332308316

r AND

' 1, 056'809'347

3211596081

247421832

79164

164155158157

40,101679,909204,817475,092

4,10833,080

211,530

33,72745,145

284,025

2,008153,456

25830,898

317.6

235.4378.7119.4215.9

81,80055,40738, 66032, 921

1,9433,796

16,747

541,325

3,73166

2,0551,609

335360341313323

REAL ESTATE

' 1, 066'800'356

3151675079

2665416359

9368

152147151147

36, 902619,857186,882432,975

3,64825,929

169,627

31,45847,121

293,831

1,557107,941

23948,458

248.3

194.6288.0115.9188.4

65, 50042,77535,04429,3352,0503,6597,731

373, 056

3,382490

1,6781,214

287

342367347317332

'3,070'788'347

3181714083

2826620329

9965

138136145140

33,342573,206133,806439,400

3,69633,932

225,355

28,12836,910

235,068

1,27175,535

24737,248

215.7

191.4286.2108.4192.9

60,20037,40136,06729,5761,8994,5921,334

' 448,467

3,182104

1,9571,121

347372353320337

'987'745'335

3081712082

242681727

77654

125118139122

27,149503,745130,329373,416

3,60923, 708

160,871

22,25133,530

221,113

1,01882,626

27139,135

165.3

153.2222.599.2

137.3

46,60028, 66128, 53923, 7471,5943,198

122

275,825

3,239138

1,9701,130

352377356323344

'905'711'320

296166

1085

1945116235

5747

125122154143

25, 536457, 278108, 920348,358

2, 85719, 656

148,014

21, 70429. 975

193, 365

74662, 652

22953, 247

123.2

129.4162.097.0

140.0

35, 20021, 36921, 36917,469

9772,923

0

352, 855

2,30655

1,661590

300

371399375343367

839666300

275159

1081

1733912335

3752

120119146144

27,619571,628166,672404,956

3,09625,700

200,312

23, 59339, 279

257,419

68180,721

24933,176

146.4

151.8196.7107.7164.8

41,00025,38324, 29920, 5371,4962,2661,084

430,970

1,34326

606711

381410390353375

795634284

2601521080

1613312323

3450

131135151152

24,321442,19795,770

346, 427

3,00621, 488

143, 258

20, 44032, 469

208,391

66559, 806

21030, 742

156.1

158.3207.6111.5168.9

44, 40027, 07427, 07422,1561,6153,303

0

356, 491

1,4631

1,081382

390419403364383

826648285

2471462096

1782412363

4858

133135132129

32, 268596, 755143, 316453,439

3,67022, 242

191, 903

21, 41442, 991

282, 881

91877,926

26644,045

217.1

218.5308.8141.8214.1

61,60037,64937,15830,6152,4484,095

491

400,415,

2,43852

1,578808

304

404434420379396

876662306

2401423080

2141615414

7567

152144133123

29,957602, 338177,272425, 066

3,90526, 034

184,317

24, 28439, 006

256, 668

1,509123, 249

25938,104

247.2

251. 6359.1159 4248.7

' 73, 500' 42, 862' 42, 534r 35, 214

' 3, 142r 4, 178

'328

454,471

5,280513

3,1671,600

414444427390403

958717339

2431394095

241101543

310073

'153' 130'127'110

' 27,769' 674,657' 233,873440, 784

4,55430, 238

235, 899

21, 25542, 672

254, 085

' 1, 607' 119,713

35364, 960

237.2

244.2338. 5163. 5241.4

74, 500'41,138'41,138' 33, 670

r 3, 0854,383

514, 343

3,82835

2,607' 1,186

300

419448432392405

f Revised. •» Preliminary. § Data for May, August, and October 1946 and January 1947 are for 5 weeks; other months, 4 weeks.% 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. Estimates of total nonfarm dwelling units for 1910-44 are shown on p. 15 of the November 1946 Survey. Monthly estimates of new construction activity for 1939-45

and annual estimates for 1915-46 are shown on pp. 23 and 24 of the July 1947 Survey; revisions for 1946 not shown above (mil. of dol.): Total new construction—Jan., 469; Feb., 488; Mar.,567; Apr., 661; May, 768; private, total—Jan., 382; Feb., 409; Mar., 466; Apr., 541; May, 622; residential, (nonfarm)—Jan., 133; Feb., 138; Mar., 161; Apr., 198; May, 240.

t The index of purchasing power of the dollar based on prices received by farmers has been shown on a revised basis beginning in the April 1944 Survey. Revisions for the indexesof building construction for January 1940-December 1945 are available on request. Data for 1920-44 for the number of new dwelling units are shown on p. 15 of the November 1946Survey (see note in February 1947 Survey with regard to January and February 1945 figures). Since early 1945 data for new dwelling units and the indexes of building constructionabove should be considered volume of construction for which permits were issued or contracts awarded rather than volume started. (See note in July 1947 Survey.)




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES—Continued

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 do -San Francisco -doSt. Louis do

Commercial and factory buildings:Brick and concrete:

Atlanta __doNew York doSan Francisco -doSt. Louis _ - - _-do

Brick and steel:Atlanta __» ... doNew York - __doSan Francisco ~ --doSt. Louis do

Residences:Brick:

Atlanta doNew York —doSan Francisco doSt. Louis.. do

Frame:Atlanta doNew York doSan Francisco - _ -doSt Louis do

Engineering News Record:Building* -1913=100--Construction (all types) do

Federal Home Loan Bank Administration:Standard 6-room frame house:f

Combined index. 1935-39=100-Materials _ — do

REAL ESTATE

Fed. Hous. Admn., home mortgage insurance:Premium-paying mortgages (cumulative) mil. of doL.

Estimated total nonfarm mortgages recorded ($20,000and under)* thous. of doL_

Estimated new mortgage loans by all savings and loanassociations, total thou . of dol._

Classified according to purpose:Mortgage loans on homes:

Construction doHome purchase -doRefinancing - doRepairs and reconditioning do

Loans for all other purposes do __Loans outstanding of agencies under the Federal Home

Loan Bank Administration:Federal Savings and Loan Associations, estimated

mortgages outstandingt mil. of doL_Federal Home Loan Banks, outstanding advances to

member institutions - mil. of doL-Home Owners' Loan Corporation, balance of loans

outstanding mil. of dol._Foreclosures, nonfarm, index, adjustedt-1935-39=100-.Fire losses -. thous. of dol._

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

304.9406.5

7,217

947,357

323,368

69,700184,62628, 94811. 96328,131

3,762

289

557

50,840

252

138.6178.6158.7161.9

137.0180.3158.7164.8

135. 5175. 6160.1160.8

148.6181.3159.0167.8

150.2181.6157.5167.7

267.3354.7

145.7141.6153.8

6,721

917, 414

325,997

56, 297218, 57522, 4026,625

22,098

2,887

203

7356.7

44, 240

258

141.2180.0160.6164.0

141.3181.5159 3166.2

137.5177.3161.5162.9

152.4185.6163.5172.5

153.3186.0164.0172.7

272.3B61.4

147.7143.7155.6

6,759

S81,187

326,048

59, 708216, 369

21, 3887,327

21, 256

202

7156.3

40,998

263

142.6181.5164.0164.9

144.4184.5167.0166.7

141.8179.5168.0164.3

154.5187.1165.8173.7

155.4187.4162. 9174.0

272.4360.2

149.8146.1157.2

6,789

999, 221

324,459

59, 377211,80422, 0328,481

22, 765

214

6996.8

40,019

267

143.0181.9164.3165.3

144.7384.8167.2167.0

142.2179.9168.2164.7

155.6188.0166.0174.6

156.5188.5163.1175.1

273.0360.9

151.8148.0159.3

6,818

928, 878

309,791

55, 354198, 84221,5468,027

26,022

3,152

235

6827.0

40, 256

267

144.0182.3164.8165.8

146.0185.1167.6167.2

142.7180.3168.6164.9

156.2188.9166.4174.9

157.0189.7163.5175.4

274.0362.5

154.0150. 3161.6

6,855

1,006,681

326,199

60,931207,13924, 3769,061

24,692

253

6657.4

40,108

270

144.9183.4165.9167.2

146.6185.9168.4168.3

143.9182.3169.8166.5

159.2192.6169.6178.9

160.8194.4166.8179.8

278.8368.1

156. 7153.6163.1

6,885

869, 489

271, 476

51,187170,162

21, 6257,034

21, 468

258

6519.7

44,706

275

145.7183.9167.3168.5

147.1186.2169.4169.3

145.8183.0172.5169.5

161.9195.4173.2183.4

164.2198.0170.8183.8

289.1381.7

159.8158.6164.8

6,921

836, 404

253,701

50,233151,84822,1166,040

23,464

3,358

293

6368.6

58,094

277

148.8194.7172.4173.9

149.9193.5174.6175.2

148.8191.1176.1172.8

165.8204.7177.0187.6

166.8208.9173.9187.0

297.7390.8

167.0168. 2166.8

6,959

847, 043

250,016

51,145145, 25322, 5996,795

24, 204

251

621'8 .6

57,180

280

153. 4196.2174.2175.8

152.0194.4175.7176.4

153.1192.9178.4175.3

178.7211.2185.6196.9

182.9217.2184.9198.9

298.8392.0

173.8177.6168.6

6,995

770, 095

241, 263

52, 723133, 39922, 5297,091

25, 521

242

6098.5

64, 247

282

154.4204.7177.8178.0

153. 5205.9180.4179.0

153.5202.4180.7176.9

179.2217.6188.6199.1

183.3220.8187.0200.3

300.8396.1

179.6185.6170.2

7,036

858,675

288,221

61, 543161. 69425,9169, 665

29,403

3,526

236

5969.3

72,435

286

155.1205 6178 1178.3

154.1206.8180.6179.2

154.2203.4180.9177.1

180.2219.1188 8199.3

183.9221.6187.2200.5

299.6396.5

182.5188.8172.4

7,087

941,020

313,636

70,214176. 39526.14910,78830,090

245

582

68,029

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

303.1403.3

183.7189.1175.5

7,147

965, 733

335,074

78, 612186,14828, 38311,55830,373

257

570

56,545

DOMESTIC TRADE

ADVERTISING

Advertising indexes, adjusted:!Printers' Ink, combined index 1935-39=100..

Farm papers do^Magazines doNewsnapers doOutdoor doRadio do

Tide, combined index* __doRadio advertising:

Cost of facilities total thous. of dolAutomobiles and accessories doClothing - do . . .Electrical household equipment doFinancial do _Foods, food beverages, confections doGasoline and oil . doHousefurn t h i n g s etc do _Soap, cleansers, etc „ doSrnokinp materials doToilet goods medical supplies doAll other___ do

15,023505100275400

3,878499167169

1, 4334,4621,613 5

156.8167.7191.3125. 9193.9313.2171.9

15,827771196323376

4,114505163

1,4491,2684,9071, 755

177.1184.2228.7145.9199.9307.0193.9

14,414660

91327351

3, 637503154

1,3141,3374,7141, 320

184.5182.8237.7153. 0213.8307.8207.6

14,01155995

332350

3, 554503177

1,3321,2674,5251,316

171.9200.9214.1139.5217.7317.1202. 0

15,133666

80266356

3,927536168

1, 3751,2195, 0041,536

163.5195.7218.8134.4212.3264.0189.1

16,74162284

254364

4,512520168

1, 5751,4075.3061,929

167.2212.7201.6138.1233.3275.5195.6

16,338654105268387

4, 396530159

1, 4901, 3735,1231,855

160.6201.9202.9131.5237.5268.0189.9

16,800731112252428

4,379583165

1,5741, 3905, 3161,870

205.7

16, 548670100273444

4, 357546169

1, 6421,3555,1481,845

201.0

15,102629

99224458

3, 924507153

1, 5551,2574, 5681,726

194.2

16, 728740123249532

4, 344541175

1. 6851, 3975,0071,934

197.1

15, 5485r'508

284508

4,040407155

1,7291, 3084,7141,641

196.2

16,009573111301412

4,120409177

1, 7621, 4334,7441,877

*• Revised. JMinor revisions for January 1939-July 1942 are available on request.*New series. For a description of the series on nonfarm mortgages recorded and data for January 1939 to September 1942 see p. S-5 of the November 1942 Survey. 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. See note in the February 1947 Sur-vey regarding the Engineering News Record index of building cost; data beginning 1913 will be shown later.

t Revised series. Revisions for the index of nonfarm foreclosures for 1940-41 are shown on p. S-6 of the May 1943 Survey. Indexes of advertising from Printers' Ink have beenrevised recently. This revised series will be substituted for indexes shown above when complete data are received. The indexes of cost of the standard 6-room frame house areshown on a revised basis beginning in the April 1946 Survey; revision beginning November 1935 will be published later.


August 1947 SUKVEY OF CURRENT BUSINESS S-7


1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


DOMESTIC TRADE—Continued

ADVERTISING—Continued

Magazine advertising:Cost, total thous. of dol__

Automobiles and accessories ._ doClothing doElectric household equipment.. _ . doFinancial doFoods, food beverages, confections doGasoline and oil doHousefurnishings, etc doSoap, cleansers, etc _ _ . _ do __Office furnishing and supplies doSmoking materials . doToilet goods, medical supplies doAll other do

Linage, total._ _. thous. of linesNewspaper advertising:

Linage, total (52 cities) _ _ _ _ _ _ _ . . do _Classified doDisplay, total _ _ . d o

Automotive doFinancial . doGeneral do __Retail do

GOODS IN WAREHOUSES

Space occupied in public-merchandise warehouses §percent of total._

POSTAL BUSINESS

Money orders:Domestic, issued (50 cities):

Number _ ._ thousandsValue thous. of dol._

Domestic, paid (50 cities):Number thousandsValue thous. of dol__

CONSUMER EXPENDITURES

Estimated expenditures for soods and services:*Quarterly totals, seasonally adjusted, at annual rate:

Total exnenditures bil of dol

Nondurable commodities doServices do

RETAIL TRADEAll retail stores:f

Estimated sales, total __.mil. of dol__Durable goods store _ _ _ do

Automotive group doMotor vehicles doParts and acessories.. do

Building materials and hardware doBuilding materials. _ do _Farm implements doHardware . _ _ do

Homefumishings group doFurniture and housefurnishings _ doHousehold appliance and radios do

Jewelry stores_ _ _ _ _ do __Nondurable goods stores _ do

Apparel group _ _.. _ _ _ _ d oMen's clothing and furnishings doWomen's apparel and accessories__ do _Family and other apparel doShoes, _ _ do __

Drue stores __ _ _ _ _ doEating and drinking places... _ .do __Food group. . _ do

Grocerv and combination .doOther food. _ do

Filling stations doGeneral merchandise group _«. do_

Department, including mail order. . do __General, including general merchandise with

food doOther general mdse, and drv goods doVariety "_ do

3,413

163,13039, 341

123, 7897,0141,933

26, Oil88,831

85.1

159 020 095 044.0

8,7652,077

833703130669425

7716747931316696

6,688717192295

97133288996

2,2721,770

502340

1,200788

153125134

32,3602,2972,448

782580

3,919589

1,980793790808

5,87911, 2853,757

137, 71834, 502

103,2163,7142,138

21,37175,993

85.2

4,40898,557

13,343175,987

138.213 983 241.2

7,7361,554

551426125516312

57147386275111101

6,181731186312101132296

1,0091,9271,452

475310

1,136748

134120134

25,1062,0341,215

549564

3,298557

1,138481406546

4,6089,7103,870

131,28035, 98395, 2963,6442,584

19, 97369,095

85.1

4,444101,857

13, 217181, 229

7,6711,611

609484125541336

6214237725911884

6,06055513124480

100293

1,0242,0191,512

507325

1,022640

140112131

27,1342,1862,936

638478

2,907638

1,180476554604

4,20810,3284,704

144, 28838,643

105, 6454,0461,931

19,37880,290

85.5

4,330101, 735

13, 690192,319

8,5561,770

691560132571362

5815141828513291

6,786719166322105127300

1,0732, 2871, 748

538340

1, 207788

348126146

36,5062,4254,8831,145

6953,660

5262,426

6741,053

9165,226

12,8765,308

152,87139,018

113,8533,4951,877

22,06786,414

87.0

4,167101,169

13,125185,779

147.316 288.942.1

8,1991,722

682562120545349

5214341028112986

6,476791195355111130287

1,0542,0041,502

502320

1,203809

139124131

39,4632,5034,8311,161

6294,394

7152,772

779896

1,0956,172

13, 5155,420

165,01439, 628

125,3864,4802,197

27, 20791, 502

87.6

4,575107,822

15, 649219, 270

8,9111,921

753621132602381

6415847131715496

6,990856222377123134298

1,0722,1611,628

532343

1, 357910

154142151

42, 5652,7554,4491,315

7454,993

7162,753

6671,0251,2526,694

15,1995,213

164,12036, 772

127,3484,6752,025

26, 59694,052

88.2

4,25395,112

14,042193,807

9,0861,854

730598132540330

56154468317151116

7,232858237364129127300

1,0112, 3241,792

532332

1,4881,016

155146171

36, 2321,4993,4561,080

6084,172

2182,408

455992

1,2775,779

14,2873,783

163, 25734, 404

128, 8533,4151,894

22,388101,155

88.8

4,44793, 691

13,932189,903

154.918 293.643.1

10, 2822,054

742586155535306

50180532357175245

8,2291,089

316454162158395

1.0152, 3801,831

548332

1, 9301,277

173199281

23,9631,3831,826

466505

3,931160

1,147407369920

3,4119,4383,952

139,89436, 223

103, 6713. 5562,511

19,89577, 709

89.6

4,47795,899

14,086193,877

7,8381,620

696589107476304

51120377240137

716,218

6101452808898

286961

2,2131,707

506304995656

124100116

32,1091,5763,345

740566

5,033250

1,641760551829

5,13711, 6834,580

139,99334, 588

105, 4054,0971.767

22, 32377, 218

88.8

4,14790, 038

12, 691186, 444

7,4641,584

68158299

460293

50117373240132

715,880

5491332507888

275861

2,0981, 632

467282973639

12097

117

42, 6172,3255,2771,169

6666,068

5362,687

916863

1,0696,086

14, 9565,102

167, 38439, 437

127, 9485,5372,157

27,16393,090

88.9

4,863108,862

14, 755210, 579

156.819 094.043.8

8,7461,860

79968311655234366

143429283146

796,886

806192375108131302960

2,3171,812

505314

1,247842

142123141

40, 8162,2624, 6631,288

6594,926

6003,2921,016

624887

5,92414, 6774,703

168, 44539, 580

128, 8656,4732,008

28,10092,283

88.7

4, 57997, 079

14, 651195, 527

8,8221,988

828710118635394

7816444429315081

6, 834775185352101137289978

2,3021, 786

516327

1,260834

151126149

42, 8012,6014,6611,541

6985,246

6273,5301,182

995860

6,12014, 7404,332

172,37641,301

131, 0756,5121,950

28, 21094,403

89.2

4,28089,824

13, 771188, 244

' 9, 2802,102

835706129

'674414

79182

'496331164

97r 7, 178

••786' 194'348

104139303

1, 0362,4781,942

536346

' 1,305r857

165136147

*• Revised. § See note marked " § " on p. S-6 of the April 1943 Survey in regard to enlargement of the reporting sample in August 1942*New series. The estimates of consumer expenditures shown above nave been revised in accordance with revisions in the quarterly estimates for 1939-46 and earlier annual totals

shown as a component of the gross national product in the "National Income Supplement to the July Survey" referred to in the note marked with an "*" on p. S-l. In addition,it should be noted that quarterly dollar figures, seasonally adjusted, arejnow shown at annual rates instead of unadjusted quarterly totals, as formerly. The indexes have been dis-continued. A breakdown of the quarterly estimates by major groups is being compiled and will be included in the Survey at a later date.

tRevised series. For revised data (dollar figures and indexes) on sales of retail stores for January 1943 to June 1944, and earlier revisions for a number of series, see table on pp.19 and 20 of the September 1945 Survey (corrections for p. 19: March 1944 indexes—building materials and hardware stores, 143.6; jewelry stores, 460.7; June 1944 index for apparelstores. 201.0; 1940 dollar figures, all retail stores—January 3, 198; February 3, 108); except as given in this table or indicated in footnote 1 thereto, data for 1929, 1933, and 1935-42 arecorrect as published on pp. 7 and 11-14 of the November 1943 Survey. Revisions for January-April 1945 are shown on p. 24 of the August 1946 Survey and data for later months of1945 are on pp. S-7 and S-8 of the July 1946 issue.


S-8 SUEVEY OF CURRENT BUSINESS August 1947

Unless otherwise s ta ted , s tat is t ics th rough 1941and descriptive notes may be found in t h e1942 Supplement to the Survey

1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary

Febru-ary M arch April M a y


RETAIL TRADE—Continued

All retail stores!—Continued.Estimated sales—Continued.

Nondurable goods store—Continued.Other retail stores . . .mil . of dol...

Feed and farm supply doFuel and ice do. _LiQUors doOther - - . d o

Indexes of sales:Unadjusted, combined index. 1935-39= 100..

Durable goods stores doNondurable goods stores - do

Adjusted, combined index doIndex eliminating price changes - do

Durable goods stores doAutomotive doBuilding materials and hardware do _Homefnrnishings doJewelry ^ _ do

Nondurable goods stores •»- -do__AppareL. -doDrug - - doEating and drinking places doFood doFilling stations doGeneral merchandise. doOther retail stores do

Estimated inventories, total* mil. of doL.Durable goods stores* doNondurable goods stores* do. __

Chain stores and mail-order houses:Sales, estimated, total* -- do

Apparel group* . doMen's wear* do. _Women's wear* doShoes* - d°

Automotive parts and accessories* doBuilding materials* doDrug* doEating and drinking* _ __ _ _do___Furniture and housefurnishings* - doGeneral merchandise group* - ----- --do

Department, dry goods, and general merchan-dise* . mil.ofdoL-

Mail-order (catalog sales)* -- doVariety* do

Grocery and combination* doIndexes of sales:

Unadjusted, combined index* 1935-39=100.-Adjusted, combined index* do

Apparel group* doMen's wear* > do"Women's wear* doShoes* do

Automotive parts and accessories* - doBuilding materials* -- - -do. . .Drug* ___doEating and drinking* - doFurniture and housefurnishings* doGeneral 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 payment:Accounts receivable:

Instalment accounts?,- 1941 average=100_.Open accounts! do

Ratio of collections to accounts receivable:Instalment accounts! percentOpen accounts§ - do

Sales by type of credit:*Cash sales percent of total sales.-Charpe account sales - - doInstalment sales do

Sales, unadjusted, total U. S ! . ._ 1935-39= 100..Atlanta! - doBoston! doChicago! - . . - doCleveland! „ -doDallas! doKansas City! -- doMinneapolis! >. -_ _ -doNew York! doPhiladelphia! doRichmond! doSt. Louis! . doSan Francisco - do

875237137140361

279.8267. 6283.8275.3153.8253.9185.9305.4369.1387. 6282.3297. 7247.2387.1295. 4152. 5249.9307.79,3613, 5965,765

1,966228

37104694493655025

509

30477

116661

273.0270.2285.4260.1365. 0220.9218.3330. 8224.0227.5260. 8264.3

321.5237.2162. 7314.8

5539

6p 265

307

270267308

269231238278269

»294

773207

89146331

242.3200.1256.1238.7162.6189.8122.4235.6296.9397.8254. 7290.2251.0392.3289.3139.0232.9268.87,1142,1864,928

1,650224

36105654464684822

146

25961

116479

220.8218. 6270. 5240.5357.9199.1216.0225. 4229. 6216.5232.4224.8

262. 5196.7

' 185. 6213.3

46133

3360

59374

253306216245257

'310'266

236221228

'269274288

822232125150315

235.2200.0246.7247.5158.2201.0134.6250.2298.4417.5262.6291. 5240.4387.6251.9140.6237.2299.17,4392,3195,120

1,5991712484504564675021

425

24259

113486

212.9230.6278.1250. 8343.2230.2224.9225. 8226.1224.3225.5242.0

283.9222.5189.3226.8

45119

3257

61354

208275157198203290239204158175220234266

859219134163344

252.6214.1265.2261.4163.4214.9152.3263.7304.7409.9276.5331.3242.4382.2271.5147.2253.4297.48, 0552,4775, 578r

l',876205

3396594872705123

502

28679

126618

234.1254.0330. 0360. 5379.3268.0234.5234. 5232.5222.1201.3259.4

300.9259.3197.0267.4

48127

3559

60364

242321184236249332279232189195254284291

817205136144333

266.8228.1279.4256.5156.6221.4159.4256.1329.6421.9267.9299.8242.0395. 5262.6146.9237.9294.18,4872,6825, 805

1,715213

3996604274665022

492

27891

113482

244.2238.3284.8321.6358. 5191.0237.8233. 3225.3209.5202.0244.9

279.8250. 5188.6243.9

50145

3456

57394

278374237268251395311287214246316316326

903218156160369

269.0232.6280.8260.3156.0225. 6172.2249.9329. 6387.3271.6285.0249.1408.6274. 5157. 5230.4297.89,1362,9506,186

1,913233

46103634675705327

571

324104131542

250.1237.2273.7283.4337.4206.7251.3211.3226.8212.5204.1241.5

283.0202. 5199.3245.8

55156

3760

5639

5278372240268265384312281202258312313330

918210152176381

282.2238.6296.4273.0159.3229.2172.0256. 0342.0388. 5287.3295. 3260.4421.9296. 4163.3241.8320.39,5623,1906,372

2,037235

48103

634961725127

594

331104147650

268.3254.9280.9286.0336.3226.6287.9208.9239.0218.2215. 7249.4

289.6221.3203.4283.1

62176

3759

57385

336416284318333434340302301318370371376

1,089207162228491

321.6262.4340.9270.1156. 8231.6168.2280.7331.3385.9282.7289.2264.9394.6298.7166.2240.7303.38,7282,9115, 817

2,398303

55139845955

1005532

776

42992

243666

325.7258. 8280.0262. 9328.6245.2299.4250.2250.8208.9216.0243.1

288.9181.5206.7297.0

75224

3554

5738

5441570398409430567448385392408494463503

848204202143299

241.3201.2254.4276.2160.2236.7170.9294.0336.8364.1289.1303.0251.7423.3303.4169.1239.0313.48,9433,1925,751

1,690163

3073462965665218

387

20375

100633

225.2262.8299. 6258.9358.4269.1192.0290.9227.1228.8230.0253.0

287.0259.7196.2300.7

75176

2952

5737

6209273170196194294225196182188219228249

842209203140291

250.1214.6261. 7280.6162.8250. 7184.6315. 7337. 4391.7280.3309.2255.4406.5301.3171.5242,9327.79, 4413,4166,025

1, 658153

2772412863644722

389

20277

101629

239.1269.1297.9274.0361. 5251. 2201.7331.3231.2221.8257.4256. 3

293.7268.6191.8309.9

74154

2851

56386

222298171210210306247202188192226244278

941252192157341

265.1230.6276.4277.6156. 6249.5187.1299.4343.0413.5286. 7308.4259.1389. 5297.6162. 2246.2322.09,9543, 7746,180

2, 01524C

45118623574705224

508

28096

122713

261.5272.7298.6309.8381.0210.5222.9320.8231. 4220.8241.7268. e

312.7276.0198.3212.2

76160

3256

55396

266346227250262337283258229255292288295

902270138147348

275.4249.8283.7274.2154. 6250.7197.1267. 6321.5408. 7281.8293. 0250. 9393. 4299. 5159.0244.721-5.09,9713, 71 66,175

2,017'240

40' 111

' 6 938

r f\~

• 5 1

24.532

30388

129689

' 272. 7' 268. 5' 290. 7' 268. 0' 373. 0'221 .8

212.6

927 7'218 .6' 223. 2' 264. 2

' 309. 4246.3205.4313.3

80164

2954

5539fi

2C<h,

35C227

266347290264223248210297297

' 9 22513

' 1 5' 3 7

279.260.285.274.

' 154.245.186.

' 291.'336.

386.283.

' 296.'248.'396.

299.154.

' 252.'293.'9 ,66' 3, 6?'5 ,97

'2 ,12'24

4' 11

t4c(c

5,

35i

IS7

272.209.294287374219234

r228223

r ?32264

'7315246

'194313

1

' 2322232

' 2

2333

' Revised. » Preliminary. §Minor revisions in the figures prior to November 1941 are available on request.•New series. Revised 1940-43 dollar figures and indexes for total chain store sales and furniture and house furnishings, 1942-43 indexes for all series in the general merchandise

group except mail-order, and revisions in the 1942 or 1943 data for a few other series are available on p. 20 of the September 1945 Survey. Except as given on that page, data for 1929,1933, and 1935 to March 1943 are correct as published on pp. 15-17 of the February 1944 Survey. Revisions for January-April 1945 for grocery and combination stores and the total(dollar figures and indexes) are shown on p. 24 of the August 1946 Survey. Data beginning 1939 for retail inventories will be published later; data shown in the Survey beginningwith the June 1944 issue are comparable with estimates published currently. See p. S-9 of the August 1944 Survey for data beginning June 1943 for the series on department storegales by type of payment.

!Revised series. See note marked "f" on p. S-7 for reference to data through June 1944 and for January-April 1945 for sales of all retail stores. The indexes of department storesales for the United States and the indicated districts have been revised for all years. Revised data beginning 1919 or 1923 for the United States and several districts have been p r v

lished as follows United States, p . 17 of December 1944 Survey (there have been unpublished minor revisions in the adjusted index for 1938-45); Atlanta, p. 23 of May 1947 issue;Dallas, p. 20 of February 1944 issue; New York, p. 20 of April 1947 issue; Richmond, p. 22 of June 1944 issue (further revisions in the 1943-44 data are in footnote on p. S-8 of March1946 issue); complete revisions for other districts will be shown later; there have been further revisions in the adjusted indexes for Kansas City and Cleveland as published prior tothe July 1946 and September 1946 issues, respectively, and for Philadelphia as published prior to July 1947 issue.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary

Febru-ary March April M a y


RETAIL TRADE—Continued

Department stores—Continued.Sales, adjusted, total U. S.f—- 1935-39=100.

Atlantaj - - __do___Boston! - do._.Chicagot - doCleveland! ._ do. . .Dallas! _ - . do. . .Kansas City! do.. .Minneapolis! -- do.. .New Yorkf_ do._.Philadelphiaf do.. .Richmond! doSt. Louisf do.. .San Francisco . _ do._.

Stocks, total U. S., end of month:! ,Unadjusted 1935-39=100.Adjusted do

Mail-order and store sales:Total sales, 2 companies thous. of dol.

Montgomery Ward & Co. _ do.. .Sears, Roebuck & Co __ _do___

Rural sales of general merchandise:Total U. S., unadjusted 1929-31=100,

East do. . .South do.. .Middle West „._ do.. .Far West do.. .

Total U. S., adjusted . do.. .East .do___South _do___Middle West.._. . .do . . .Far West _ _do.__

WHOLESALE TRADE

Service and limited function wholesalers:*Estimated sales, total mil. of dol

Durable goods establishments do__Nondurable goods establishments do__

All wholesalers, estimated inventories* do..

365

278284362

P 3 0 5283254265316299

253,09189,635163, 456

287.7278.0384.3251.1335.3315.8302.8478.0266.0351.8

4,8421,7003,1426, 755

276365232253273

••365•-289

248243253

'306305

'314

205210

201,97675, 428

126, 548

243.4236.6322.4210.0294.1267.2257. 7401.0222.4

4,1451,2392,9064,498

273343227254260381281253236243307300322

223222

194, 50372, 667121,836

214.8189.5300. 4188.3263.5294.2266.1442.4255.1321.4

4,5051,3173,1884,642

290365246281286381300259259259307330324

238221

232,81191,864

140,946

288. 0268.0394.0253.2325.2352.1336.2546.4306.9353.1

4,7721,4363, 3364, 809

270367226263249376321265205246298313313

250226

242,46194,005148, 456

340.3320.1493.2286.7383.5321.9325. 6446.8279.7327.7

4,8791,4833,3965,055

257347216250248349297254179233286293319

267237

283, 733112,155171,578

345.1334.6493.8293.2384.9265.6260.0333.2230.8320.5

5,6421,6803,9625,338

272347230261266356283253231239291294319

277256

281, 422106, 355175,067

376.9372.8552.2313.2439.0289.7289.2402.1238.9361. 9

5,3681,6003, 7685,738

274363231264277348299251232250293303317

235274

313, 678117,281

333.8491.5312.6465.5229.4200.5327.2200.4285.2

5,3461,6713,6755,939

265341215245256363281262228247

'293278313

234268

201, 05267, 097133,955

239.7243.8348.3199.6258.9315.0320.7440.3261. 0352. 2

5,1091,5833, 5266.271

269338219262256347272261224234281290330

252275

185, 80071, 205114,595

279.6266.0430.4235. 5295. 0345.6325.2471.9296.2398. 6

4,7321, 5093,1336, 514

275346237260257347298279229236307294

"325

265273

249, 26397, 552151, 711

331.0358.2423.2289.0350.5376.9398.9468.6326.2425.8

4,9961, 7363,2606,729

276353227261272377296257235258299306315

263265

260,32599,623160, 701

307.6309.3409.5263. 5336. 5334.6324.6464.8282.1376.8

4.9771.8183,1596,823

367*>241276298379

*316'273253275303321323

»'253

2 75,884104,322171,562

292.5296.3382.9250.6328.8318. 6322.1451.5264.7365.7

4,948' 1, 763' 3,1856,734

EMPLOYMENT CONDITIONS AND WAGES

EMPLOYMENT

Employment status of noninstitutionarpopulation:*Estimated number 14 years of age and over,

total thous..Female , . doMale do

Armed forces.. doCivilian labor force, total do

Female doMale do

Employed.. .. .doFemale ...doMale _. do.-«.Agricultural employment. - doNonagricultural employment do

Unemployed ._ doNot in labor force » do

Employees in nonagricultural establishments: fUnadjusted (U. S. Department of Labor):

Total . . . . .doManufacturing doMining doConstruction doTransportation and public utilities ..doTrade doFinancial, service, and miscellaneous do.—Government _ do

Adjusted (Federal Reserve):Total . . . . . . .do

Manufacturing . doMining ..do.-..-Construction . doTransportation and public utilities ..doTrade.. do

Estimated production workers in manufacturing indus-tries, total (U. S. Dept. of Labor)* thousands..

Durable goods industries doIron and steel and their products do

Blast furnaces, steel works, and rolling millsthousands. -

107,40754, 50652,910

1,39862,60918,14944,46060,05517,30242, 75310,37749, 678

2, 55543,399

42, 22615, 259

8891,7614,1218,5676,2225,407

P 42, 203* 15, 288

*>889v 1, 693v 4,080

12,3526,4571,554

106, 21053,75052,4603,070

58, 93017, 27041, 66056,36016, 71039, 65010,01046,3602,570

44, 210

40,68014,371

8641,5323,9968,3425,9615,614

• 40,67114,400

8641,4733,9568,426

11,6235,8651,403

453

106,36053,82052, 5402,710

60,11017,40042, 71057,84016, 89040,9509,970

47, 8702,27043,540

40,87714,526

8731,6274,0518,3375,9755,488

• 40, 79714,475

8731, 5353,9918,464

11,7675, 9841,445

470

106,47053. 89052, 5802,45059,75017,17042,58057,69016, 71040,9809,14048,5502,060

44,270

41, 46614,876

8861,7134,1038,4025,9845,502

'41,30914,745

8861,6014.0428,573

12,1016,1601,490

480 i

106, 63053,98052,6502,22059,12017, 27041, 85057,05016, 78040, 2708,75048,3002,07045, 290

41,84815,035

8841,7474,0648,5236,9905,605

' 41,66914,953

8841,6484,0648,609

12, 2446,2491, 514

480

106,76054,06052,7002,170

17,17041, 82057,03016, 76040,2708,620

48, 4101,960

45, 600

42,06515,064

8831, 7534,0938,6676,0545,551

• 41,85415,019

8831,6704,0938, 581

12,2536,2811,500

474

106, 84054,11052,7302,01058,97017,02041,95057,04016, 61040, 4307,90049,1401,930

45, 860

42, 43915, 271

8831,7134,101

5,475

• 42,13915,233

8831,6794,1018,639

12,4496,3791,535

482

106, 94054,15052, 790

1,89058, 43016, 44041, 99056, 31016, 01040, 300

7,21049,100

2,12046, 620

42,92815,348

8741,6444,0719,2346,1195,638

• 42,20715.310

8741,7314,0918,630

12, 5146,3931.521

467

106,97054,18052,790

1,72057, 79015,93041,86055, 39015, 48039, 9106,500

48, 8902,400

47, 460

41,80315,372

8831,6274,0148,5526,0716,384

' 42,24315,426

8831,6784,0758,595

12, 5116,4291,552

480

107, 06054, 23052,830

1,62058, 01015.91042,10055, 52015, 43040, 090

6,92048.6002,490

47,430

41. 84915, 475

8801,502

4,01 18,5076,1075,367

' 42, 35415, 529

8801, 6514, 0528,637

12, 5936. 5021,562

483

107,19054,37052,8201,570

58,39015,95042,44056, 06015, 47040, 590

7,24048,8202,330

47, 230

42, 043' 15, 510

8791,534

' 4,0208,5636,1205,415

' 42, 39515, 565

8791,632

' 4, 040' 8, 695

12, 6146, 5321,567

482

107, 26054,42052,840

1,53059,12016,32042,80056, 70015,80040,900

7,86048,840

2,42046, 610

• 41, 823• 15,429

8561,619

«• 3,8368, 5516,1065,426

' 42,064• 15, 513

8561,652

' 3,8558,637

' 12, 524' 6,527

1,567

487

107,33054,46052,8701,470

60,29017,12043,17058,33016, 58041, 7508,960

49,3701,960

45, 570

-41,91615,230

881' 1,688' 3,968' 8, 547' 6,155

5,447

' 42,075r 15,351

'881r 1,671' 3, 968' 8, 633

'12,343' 6,428' 1, 555

491

' Revised. » Preliminary.•New series. Annual estimates of total wholesale sales beginning 1939 are available on p. 32 of the February 1946 Survey and the table on the back cover of the February 1947

issue and monthly figures beginning June 1943 for all series are on p. S-9 of the August 1944 and later issues. For estimates of wholesalers' inventories for 1938-42, see p. 7 of the June1942 Survey and p. S-2 of the May 1943 issue. Estimates of the labor force have been revised beginning July 1945 (see explanation in the February 1947 Survey) and revision of theearlier data is in progress; all revisions for these series and data prior to 1946 for the series on noninstitutional population and persons not in the labor force will be published when re-visions are completed. See note marked "*" on p. S-10 regarding the estimates of production workers in manufacturing industries.

! Revised series. See note marked " ! " on p. S-8 regarding revisions in the indexes of department store sales. Revised data for 1919-45 for the index of department store stocksare shown on p. 24 of the August 1946 Survey. Revised estimates of employees in nonagricultural establishments for January 1939-February 1946 are shown on pp. 22 and 23 of theMay 1947 Survey; earlier data back to 1929 for several series are available in the July" 1945 Survey as indicated in the footnote on p. 23 of the May 1947 Survey; the Depart-ment of Labor recently compiled a break-down of the financial, service and miscellaneous group above; computation of seasonally adjusted data for the separate groups resulted inminor revisions in the seasonally adjusted total for all groups, which are available upon request.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


EMPLOYMENT CONDITIONS AND WAGES—ContinuedEMPLOYMENT—Continued

Est4niated production workers in manufacturing*—Con.Durable goods industries—Continued

Electrical machinery _ thousands. .Machinery, except electrical do

Machinery and machine-shop products doMachine tools§_ do .

Automobiles do .Transportation equipment, exc. automobiles..do

Aircraft and parts (excluding engines)§ doAircraft engines § doShipbuilding and boatbuilding§_ .do

Nonferrous metals and 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 manufactures

thousands. .Cotton manufacturing, except small wares..doSilk and rayon goods doWoolen and worsted manufactures (except dyeing

and finishing) thousands. .Apparel and other finished textile products. .do

Men's clothing § - - d oWomen'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 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, unadjusted index, all manufactur-ing (U. S. Dept. of Labor)t 1939=100

Durable goods industries doIron and steel and their products do

Blast furnaces, steel works, and rolling mills1939=100-

Electrical machinery doMachinery, except electrical do

Machinery and machine-shop products doMachine tools§ do

Automobiles doTransportation equipment, exc. automobiles-do

Aircraft and parts (excluding engines) § doAircraft engines§ doShipbuilding and boatbuilding§ . do

Nonferrous metals and products doLumber and timber basic products do

Sawmills and logging camps§ doFurniture and finished lumber products do

Furniture § . . . d oStone, clay, and glass products do

Nondurable goods industries doTextile-mill products and other fiber manufactures

1939=100..Cotton manufactures, except small wares.-_doSilk and rayon goods doWoolen and worsted manufactures (except dyeing

and finishing) 1939=100..Apparel and other finished textile products-__do

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__.do

Newspapers and periodicals^ do.Printing, book and jobj do.

Chemicals and allied products do .Chemicals do.

Products of petroleum and coal do .Petroleum refining do .

Rubber products do.Rubber tires and inner tubes do.

5711,174

779465

408667

424

4155,895

1,177

1,038

343

1,111

84381

422

539

161

215

150.8178.8156.7

220. 3222.2

193.7292.9

177.9158.5

129.3

141.5128.7102.9

130.1

90.2143.7

128.7

186. 9

152.0

178.0

5211,049

34859

69347912626

183378553

'447391210398

5,758

1,19144892

1601,013

261399360

'2201,033

23411112886

36816839313015652211815399

221106

141.9162.4141.5

116.6201.2198.6171.8161.9172.3301.6316.3292.3264.6164.9131.6

' 142. 6119.1117.9135. 6125.7

104.1113.076.6

107.3128.3113.6139.4103.8'05.4120.9101.582.8

106. 592.1

138.8121.9119.9109. 4123.8181.3169.0144.5136.1182.9195.8

5261,0663525972547612927

174392561

'454392211401

5,783

1,17544591

155983258371357

••2191,1192341841238536516639713016051611715510021499

143.6165.7145.7

120.9203.2201.8173.7161.5180.2299.9324.2298.3251. 2171.2133.5

r 144.8119.6118.7136.6126.2

102.8112.475.9

103.9124.5112.2129.6103. 0'95.0131.0101.4136.8102.490.7

137.4120.9121.1109.6126.3178.9168.4146.7137.4177.0183.1

5451,0923576175546813428

158406584

'473405217415

5,941

1,189452

1561,030266402356

'2171,18423720713886369168399131158520117156100223103

147.7170.6150.2

123.6210.5206.6176.2167.5187.8294.7338. 3309.3228.6177.3139.0

' 150. 7123.4122.2141.6129.7

104.0114.277.2

104.4130.5115.7140.5102.7' 94.1138. 6102.7153. 5114.891.7

139.2122.1121.6110.4125.0180.5168. 5147.4137.4184. 0189.9

5631,1123636278845514028139411583

'469405217418

5,995

1,20445693

1601,049

267415358

'2191,1752412459587372168401132159530117157100229107

149. 5173.1152.7

123.6217.3210.3179.5169.2196.0286.8351.6310.5200.8179.5138.6

'149.4123. 5121.7142.5130.9

105. 2115.177.6

107.0132.9116.1145.0103.1'95.0137.5104.6182.278.693.5140.0122.0122.3111.0125.8184. 0167. 6147.8137.0189.1197.0

5791,1313706277445714329134417590

'474411220422

5,972

1,21546094

1611,065

270418355

'2161,091241173

37616841013416353911815599236110

149.6173.9151.2

121.9223.4214.0183.0169.2192.3287. 8360.9321.8193.3182.0140.4

'151.0125. 2123.7143.8130.4

106.2116.078.3

107.5134.9117.7146. 0102.2'93.7127.7104. 6128.970.095.8

141.7122. 0125.0112.8128.9187.2169. 8146. 8136.2194.8204. 0

5901,1503786077846414629

134422599

'480419224422

6,070

1,23046595

1621,063

280407357

'2191,1412491321399138317141513516555012115599240112

152.0176. 7154.9

124.0227.6217.7186.7164.6193.3292.4368.8329.8193.2184.0142.4

'152.9127.7125.6143.9132.5

107.6117.579.1

108.7134. 6121.8142.1102.9' 94.7133.5107.998.1

115.397.6

144. 3124.1126. 6113.7130. 6190. 9173.3146.6136.0198.8207.0

5971,1613806177447314529143426592

'473425227424

6,121

1,242469

1641,079

283414362

'2221,1392531161519238717242013716655512315599242112

152.8177.0153.4

120.2230.6219.6187.6165.3192.3298.2364.8326. 2206.2185.8140.8

' 150. 7129.6127.7144.4133.6

108.6118.479.8

110.2136. 6123.1144.8104.4'96.0133.3109.686.2

125.098.3

145.7125.0127. 9115.2131.6192.5176.7146.1136. 4200.1206. 3

JData beginning August 1942 are available in the November 1943 Survey: earlier data will be published later.Ct7^*- 1O/M Ac> A r-» + ^ f,A- ,~,V»i .V^-.n^K*-nT. f-^rt »-» irv ^.f T\ ^ ««»- . U..- m i - i o - . J f,... m o n A A ^i ^ *. ~ f _ J _ _ r i . i •

1,1733816075547414430

142428592

'471432230425

6,082

1,242470

1631,090

285422362

'2231,0982499515490

38617241713516656412415498240110

152.7178.0156.5

123.5230. 8222.0188.8163.2187.7298.4362. 8331.4205.7186.9140.9

' 150. 2131.8129.9144.9132.8

108.6118.779.9

109.2138.0123.9147.4104.4'96.4128.4107.970.3

128.196.1

145.6125.2127.2114.0131.5195.6178.6145.4135. 0198.8203.5

6011,18138559

79147214229

141432598

'477441235424

6,091

1,24747295

1621,119288439364

'2241,0592448214989

38717342013716656812415599240109

153. 7180.1157.5

124.4232.0223.5190.3161.1196. 62Q7.6357.6321.8203. 3188.9142.3

'152.1134.5132.1144.5133.0

109.1119.179.6

108.6141.7125.3153. 5104.9

'97.1123.9105. 760.8

123.595.4145.9125.7128.1115.6131. 4197.1178.6146.0135. 2198. 2201.2

5991,18938658

79847114128140430611

'489440234427

6,082

1,24247095

1581,120288442363

'2241,0552457714486

38717342113916556912515599238108

154.0" 180.9158.1

124.2231.3225.1190.6158.4198.2296.7355. 8314.9

' 202. 8187.5145.4

' 155. 7134. 2131.3145. 3132.8

108.6118.779.5

105.9141.9125. 2154. 5

' 104. 7' 97.2123.5106. 256.9

119.192.2145. 9125. 5128.2116.7130. 4197.5179.1145.9135.4196. 5

' 199.2

5671,1978365780747714328

' 144424

'627'503433230428

5,997

1,22346894

1531,066284408358

'2211,0682478013982

38517142214016456512515498

234106

152.9180.8158.0

125. 3218.7226.6190.8156. 1200. 5300. 8359. 2315.8' 207. 8184.8

'149.1' 160. 3132. 1129. 1146. 0130.9

106. 9118. 178.4

102.7135. 0123. 5142.4' 103. 0' 95. 6125.0107.259.6115.487.5145. 0124. 6128.6117.6130. 1196. 2180.1145.4134.1193. 5

' 195. 0

'554' 1,194

38455

'749'46813927141

'413'651525

'425226

'4195,915

' 1,19746092

148' 1, 037

281389

'345'213

' 1, 0772468014383

'381172422141163

'561125158101

'223102

' 150. 7' 178. 0' 156. 8

126.4' 213.8' 225.9189.6150.5

' 186. 2' 294. 8349.9306.2203.5

' 180.1' 154. 8' 167. 5' 129. 5127.2

' 142. 6' 129.1

' 104. 6116.276.7

99.2' 131.4122.2136.0-•99.492.1

'126.0106. 559.3118.8'88.4' 143. 7125.0

' 128.7118.7129.1

' 194. 8180. 3

' 149. 3138.0184.2188.7

p Revised.

1941-(dasimilarly been revised beginning 1939; revisions prior to May 1946 will be shown later.

*New series. Estimates of production workers for 1929-43 for all manufacturing, total durable goods, total nondurable goods, and the industry groups are shown on p 22 of De-cember 1945 Survey; data for 1944 are on p. 24 of July 1946 issue and data for January 1945-February 1946 are on p. 24 of the May 1947 issue. Data beginning October 1941 for theindividual industries are available on pp. S-8 and S-9 of the December 1942 and later issues (except as indicated in note marked " § " above) and data back to 1939 will be shown later.

tRevised series. The indexes of production-worker employment and pay rolls (pp. S-12 and S-13) have been completely revised; for 1939-41 data for the individual industries(except as indicated in note marked "§") and 1939-40 data for the unadjusted series for all manufacturing, total durable goods and total nondurable goods industries and the im] •<** ygroups, see pp. 23-24 of the December 1942 Survey; for 1941 data for the totals and the industry groups see p. 28 of the March 1943 issue, for 1942-43, p . 20 of the October 1945 issuefor 1944, p. 24 of the J u l y 1946 issue, and for January 1945-February 1946, p. 24 of the May 1947 issue.


August 1947 SUKVEY OF CUEEENT BUSINESS S-ll


1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu*ary


EMPLOYMENT CONDITIONS AND WAGES—Continued

EMP LO YM ENT—C ontinued

Production workers, adjusted index, all manufacturing(Federal Reserve)! .1939=100..

Durable goods industries! doNondurable goods industries! do

Nonmanufacturing, unadjusted (U. S. Dept. of Labor):Mining:!

Anthracite 1939—100Bituminous coal _ doMetalliferous . doQuarrying and nonmetallic . . . do

Crude petroleum and natural gas! do .Public utilities:!

Electric light and power doStreet railways and busses... do.Telegraph doTelephone do

Services:!Dyeing and cleaning.__ _ doPower laundries . doYear-round hotels _ do

Trade:Retail, total! do

Food* doGeneral merchandising! _ do

Wholesale! . doWater transportation* do

Miscellaneous employment data:Federal and State highways, totalt number

Construction (Federal and State) doMaintenance (State) do

Federal civilian employees:^United States _ _ thousands

District of Columbia . _ doRailway employees (class I steam railways):

Total thousands..Indexes: Unadjusted! 1935-39=100.-

Adjusted! . do

LABOR CONDITIONS

Average weekly hours per worker:Natl. Indus. Conf. Bd. (25 mfg. industries)*., hoursU. S. Dept. of Labor, all manufacturing! do. _

Durable goods industries* . doIron and steel and their products*. _ do

Blast furnaces, steel works, and rollingmills* _ . . _ hours

Electrical machinery* doMachinerv, except electrical* do

Machinery and machine-shop products* doMachine tools* do

Automobiles* . _ doTransportation equipment, except autos* ..do

Aircraft and parts (excluding engines)*, doAircraft engines* doShipbuilding and boatbuilding*. do

Nonferrous metals and 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 manufac-

tures*- hoursCotton manufactures, except small wares*_doSilk and rayon goods*- doWoolen and worsted manufactures (except dye-

ing and finishing)*- _ hoursApparel and other finished textile products* do

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* do

Newspapers and periodicals*. doPrinting, book and job* do

Chemicals and allied products* doChemicals*.. do

P 151.0v 178.6p 129.3

89.289 7

107.4103.5

127.8112 1119 4

111 5

108 8

P 1 850

p 1, 405P 134.8P 133.0

»40.1*41 5

P39.6

142.2162. 3126.3

79.089.674.498.994.2

99.9128.7112.1171.7

131.6112.3119.9

107.2103.5121.0106.9229.0

205,16159,001

110, 537

2,299235

1,358130.4128.6

39.840.039.838.8

36.039.840.941.242.236.639.540.441.638. 140.941.541.141.841.440.440.2

40.039.540.8

41.137.138.136.139.339.042.343.940.039.340.043.143.740.537.941.640.540.8

143.0165.2125.6

81.489.578.0

101.295.4

101.2128.9112.4177.7

130.0113.6119.1

106.2. 101.3

117.7107.5228.2

225,18473, 766

114, 717

2,282235

1,378132.2129.5

40.039.739.338.5

36.439.440.440.741.337.839.340.040.638.440.039.138.941.040 639.540.1

39 639.440.7

40.536.086.235.438.237.843 844.843 243.039.142.843.840 237.941.540.741.5

146.3169.7127.8

82.090.882.5

103.295.5

101.9130.2111.9181.1

124.5111.6119.3

106.6103.6117.4109.1225.9

237, 60182, 384

117,543

2,232233

1,400134.3131.6

40.140.540.539.9

38.240.640.941.642.039.239.740.741.438.040.841.841.441.941.740.740.4

40.139.841.3

40.937.037.536.437.836.943.745.042.343.438.643.444.440.838.741.840.841.1

148.6172.7129.6

82.290.583.5

102.593.9

101.9129.9112.0181.0

125.6109.9119.5

109.8103.5125.4109.4( i )

236,64488, 473

110, 940

2,154226

1,392133.6130.4

40.040.340.339.7

38.040.841.141.241.938.538.840.641.935.740.741.441.241.841.640.540.3

40.039.840.4

41.136.937.735.838.237.943.044.543.535.939.543.043.8

r 41.039.442.040.941.1

149.1173.8129.7

83.290.183.9

101.793.4

102.0130.3110.3181.6

126.1110.1120.6

112.2103.7132.4110.7

1 199. 2

235, 04587,889

110, 363

2,119225

1,405134.9130.5

40.440.540.740.3

38.740.741.541.642.638.840.040.642.137.740.941.941.542.241.840.640.2

40.239.941.6

40.936.837.735.537.536.942.443.641.737.540343.444.541.039.341.741.341.4

151.5176.4131.8

82.990.085.2

101.293.0

102.5130.6108.7183.4

123.0109.9120.2

117.2108.6144.8112.7

220, 87975, 850

108, 328

' 2,018224

1,412135.4134.3

40.440.240.240.0

38.840.640.941.142.338.638.439.637.235.740.940.640.241.741.440.340.3

40.240.341.1

40.136.637.834.937.136.342.944.037.344.939.743.344.441.039.341.941.341.1

152.4177.1133.0

83.088.186.299.792.6

103.0130.1107.4184.6

120.9110.9119.1

126.5111.8171.1114.4

198,09756, 289

104,901

1,981221

1,383132.5134.6

40.440.940.839.8

37.041.141.441.842.839.440.640.441.940.041.741.741.142.241.641.041.1

40.940.941.8

41.337.038.135.339.138.844.445.338.846.440.243.744.641.539.342.741.641.2

153.4178.7133.4

83.490.887.296.992.1

102. 5130.9104.6185.2

118.2111.0117.3

110.5108.5125.6112.2

186,44945,094

104, 914

1,973220

1,361130.5135.7

40.840.640.540.2

38.240.541.441.742.238.940.239.841.440.241.040.640.041.841.540.540.7

40.540.641.1

41.336.937.835.739.339.143.643.937.647.539.243.244.241.038.942.041.54L3

154.4180.8133.6

82.990.487.697.191.7

103.2131.1

' 201. 5186.9

117.0109.5117.7

109.6111.2119.4111.9

188,21246, 048

105, 699

1,966219

1, 353129.7133.0

40.840.440.540.0

38.540.041.341.542.338.839.740.140.738.441.042.141.841.942.040.140.4

40.440.541.6

41.036.737.836.239.539.242.743.237.042.737.843.244.340. 1

' 38 .640.841.441.0

154.6181.5133.4

81.889.788.698.792.0

104.0131.0100.7188.4

118.8108.7117.3

111.1112.8122.5111.7

199, 33852,330

107,855

1,944218

1,355129.9133.2

40.640.440.740.4

38.9' 40. 5

41.541.642.339.7

'39.839.839.4

'39.940.9

'41.040.641.741.940.540.1

40.040.141.5

40.136.737.636.1

' 39 .0' 3 8 . 1

42.343.037.7

'41.937.543.244.340.338.841.141.3

'40.9

153.8181.2132.2

80.183.4

'89.6103.192.6

' 104. 8130.9104.5

' 127.2

121.5109.1117.5

111.4113.7122.8110.5

213, 87169, 239

105, 407

1,926215

'1,375' 131.9' 134.0

'40.5'40.0'40.7

40.4

39.2'40.0

41.541.642.038.5

'39.839.739.8

'39.9'40.9'41.4'40.9

41.541.4

'40.539.6

39.139.340.2

39.135.536. 634.438. 3

'37.842.142.537.8

'41.736. 843.044.440.138.9

. 40.841.040.8

' 151.9'178.3' 131.1

81.1'88.4'89.4104.393.3

' 105. 7' 130. 7

102.8160.1

' 123. 7r 110.2' 118. 4

111.3113.9121.4109.7

257, 292107, 049109, 641

' 1, 907'212

p 1, 395p 133. 9P 134. 4

40.4'40.1'40.5

40.4

39.239.841.341.642.138.240.239.539.640.341.641.941.541.541.240.339.7

38.938.841.0

39.235.837.234.738.237.743.043.138.243. 936. 343.144.740.038.9

•40. 641.140.9



Unless otherwise s ta ted, stat ist ics th rough 1941and descriptive notes may be found in the1942 Supplement to the Survey

1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


EMPLOYMENT CONDITIONSLABOR CONDITIONS—Continued

Average weekly hours per worker—ContinuedU.S. Dept. of Labor, all manufacturing—Continued

Nondurable goods industries—ContinuedProducts of petroleum and coal* _- hours

Petroleum refining* doRubber products* do

Rubber tires B,nd inner tubes*- doNonmanufacturing industries (U. S. Dept. of Labor):*

Building construction _ . hours _Mining:

Anthracite doBituminous coal doMetalliferous doQuarrying and nonmetallic _ do

Crude petroleum and natural gas doPublic utilities:

Electric light and power doStreet railways and busses doTelegraph doTelephone do

Services:Dveing and cleaning doPower laundries do

Trade:Retail doWholesale do

[ndustrial disputes (strikes and lockouts):*Beginning in month:

Work <?t oppages numberWorkers involved thousands

In effect during month:Work stoppages numberWorkers involved thousands._

Man-davs idle during month _ _do. _U, S. Employment Service placement activities:

Nonagricultural placements! thousands.Unemployment compensation (Social Security 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. of dol

Labor turn-over in manufacturing establishments:^Acopwinn r^tp monthlv rate tier 100 emoloveesSeparat ion rate, total do

Discharges - __do __Lav-offs doQuits doMilitary and miscellaneous do

PAY ROLLSProduction-workers pav rolls, unadjusted index, all

manufacturing (U. S. Dept. of Labor) f_ .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 t do

Automobiles - doTransportation equipment, except autos do

Aircraft and parts (excluding engines) X doAircraft enginest doShipbuilding and boatbuildingX do

Nonferrous metals and products doLumber and timber basic products do

Sawmills and logging campst doFurniture and finished lumber products do

Furniture X doStone clay and glass products doNondurable goods industries doTextile-mill products and other fiber mfrs do

Cotton manufactures, exc. small wares - doSilk and rayon goods doWoolen and worsted manufactures (except dyeing

and finishing) _ _ 1939=100Apparel and other finished textile products—do

Men's clothingt doWomen's clothing^ do

Leather and leather products doBoots and shoest - - do

Food and kindred products doBaking doCanning and preserving doSlaughtering and meat packing do

P 4 7 5

P 6 2 5P 3,750

453

^8781 4, C06

i 1,006i 73,559

4P23, 021

72258,509

39.639.539.337.4

38.2

38.243.440.845.739.5

40.949.344.539.3

43.843.3

40.941.4

388181

758455

4,580

479

7615,395

1,17492,982

6026,9821,744

150, 063

6.75.7. 3

1.24.0.2

262.8289.1240.3

182.0347.9342.0296.4270.4259. 9557.5585.5469.4483.4298.6261.9

' 286. 3233.3229.9241 4237.0217.2248.2166.8

238.5258.6230. 3283.2204.9

' 196. 2208.2168.8181.9167.4

40.039.739.238.0

38.2

31.736.039.645.440.4

41.548.445.239.7

43.243.4

41.341.4

563228

910408

3, 970

530

r 6825,504

1,06988, 408

6577,8281,720

152, 648

7.45.8.4.6

4.6.2

267.1296.3247.5

191.8351.0346.2299.4262.3292.8558.7605.6468.9468.8303.9252.1

' 276.1231.9228.0242.2238.5213.3246.1166.3

228.6240.3215. 3254.2198.7

' 190. 4235.1178.5325.8179.9

40.340.039.437.4

38.2

37.942.840.946.540.9

41.648.645.439.3

42.643.0

41.341.7

560227

965425

3,900

522

5414,604

98078,047

6027,1471,650

148,036

7.06.6

.4

.75.3.2

284.4316.1265.9

204.0378.9362.2314.2281.4319.0558.1640.8498.3421.5324.2285.6

-" 313.1250.0246.7260.1253. 4229.4275.5181.4

234.1272.5236.4306.3199.6

' 188.1254. 3184.1387.4202.3

AND

40.440.240.639.6

38.7

37.741.840.646.139.9

41.047.544.838.5

42.942.9

40.9,41.8

499356

853499

4,880

532

5803,895

83963, 216

4496,1281,304

124, 082

7.16.9

.41.05.3.2

290.3323.3273.6

206.3397.2376.2322.3285.5330.3524.1663.9507.8352.5331.8285. 2

' 309.8254. 4249.9267.0258. 1235.5281.7180.9

242.7283.0242.7320.1204.7

' 195. 2246. 5187.5466.8118.2

WAGES—Continued

40.440.239.438.2

38.8

39.242.941.046.141.2

41.947.744.439.1

42.243.0

40.141.9

516307

848467

6,220

547

6814,141

76564,433

4134,9001,019

100, 380

6.86.3

.41.04.7.2

292.8328.1273.7

203. 2408.1388.0333.5291.9324.3542.3681. 3530. 2353.7338.8292.0

' 315.0264.2200.1271.3258.3241.1285. 4189.3

243.7283.6246.2311.8199.5

' 188. 2232.2190.8324.7110.5

40.340.040.039.0

37.2

35.741.739.945.440.4

41.647.343.539.3

41.942.6

39.741.6

344435

677707

4,980

440

6203,492

71054, 098

4053,743

87774, 421

5.74.9

.4

.73.7.1

298.2331.1280.8

208.7416.0390.1336.8285.5325.7531.1680.4484.3336. 8345.3284.7

' 305. 7268.5263. 7274.8266.0246.0293.5191.4

242.7283.2271.9284.9201.6

' 190.8252.0199.0212, 9215.7

40.040.441.139.8

38.4

40.946.742.245.839.5

41.447.943.238.0

42.843.5

40.242.3

16876

402500

3,130

358

9094,119

74859, 370

5834,345

93581, 964

4.34.5

.41.03.0.1

306.2337.3276.2

193.9430.2399.9346.7290.7328.9571.2683.3533.7399.1356.3290.6

' 306.9279.1273.4281.6275.8253. 7301.2197.9

253.0292.7278.4296.3218.3

' 209.3263.3209.0201.1236.9

40.239.940.639.5

37.6

39.146.741.243.141.3

41.947.743.838.4

42.343.3

39.941.5

* 290» 100

» 460» 150

» 1, 250

366

1,0114,982

89374,756

6385,2421,168

106, 586

6.04.9

.4

.93.5.1

307.3340.0287.9

208.9425. 6406.6350.32817321.1562.6668.7535.0395.8354.8292.4

' 30P.2283.1278.8280.0275.3254.3304.4201.3

251.8300. 6277.2340.0220.8

r 197. 7256.4201.1158.2268.0

40.139 840.639.3

36.9

35 143.642.042.840.3

41.048.044.038.0

41.142.5

40.140.8

*290

P 4 6 0v 145

p 1, 225

348

7314,488

91165,910

4444. 5041,149

88, 364

5.04.5

.4

.83.2.1

310.6344.6,237.9

209.3422. 9409.6352. 0278. 9337.3558. 2667.8506.8377.9360.0310.7

'333.4292.0289.1278. 4277.4262. 0309.1206. 9

275.0314.1280.8344.8223. 0

r 198. 9242.5194. 5137.2237. 8

40.239 839.8

r38.2

38.0

39 843 741 643.539.6

41.047.843 737.9

42 042 4

40 040.8

325100

P 500

»850

391

7254, 684

97471, 545

3974, 4231,002

89,052

5.14.0

.4

.93.5.1

•• 314.1' 349.9

294.2

212.9r 429.6

416 6354.9275.6347.7556.9662.2479.9

' 386.0359.0

' 310. 1' 334. 5

292.0288.8285.7

«• 279. 2265.0322.0208.8

262.0r 317. 5

281.3340.0

' 222. 2' 213.7

239.3193.2130.4217.1

40.640 3

r 3 9 538.2

37.1

32 3' 3 6 . 4

41.844.540. 8

'"42.247.847.328.1

41.942. 8

39. 941.2

P600

v 6f.OP 7, 750

419

1,0204, 833

92971, 569

3733, 913

85078, 806

ph. 1p 5 .2

p. 4p 1.0P 3 . 7

p . l

r 310. 7>• 349. 9r 297. 5

219.8r 306. 6

423.0357.6269. 7343.4565.3660.2487.6

r 399. 1' 354.0' 323. 4' 350. 5

286.8282.4288.8

' 272. 3255.4314.8200.9

248.3' 279. 8

267.1277.7

' 214. 6r 205. 3

243.1195.4140.2211.4

40.393937.

3744.42.45.40.

41.47.46.31.

42.42.

39.41

p 4SP 2 (

P 6 <

P&»5,7(

4

1,1r 4 ,8 (

'&72,2<

33,116

63,7

P 4v 5

p

P 1v 3

V

312353306

236407429362263327558642431397350351384285279287271248303200

240272270260207197252199143231

r Revised. » Preliminary. JSee note marked " § " on p. S-10. G Small revisions in the data for January 1940 to May 1944 are available on request, i Partly estimated.§ Week ended the last Saturday of the month.

® Before July 1946 computed from weeks compensated in calendar month; thereafter, from weeks compensated in the weeks ended during the month.• The series for "in effect during the month" continue data published in the Survey through the July 1944 issue. They include data for stoppages beginning in the month and

those continuing from previous months; data for 1944-45 are shown on p. 23 of December 1946 Survey.d* Rates refer to all employes rather than to wage earners and are therefore not strictly comparable with data prior to 1943 published in the Survey.•New series. Data on average hours for the telephone industry for 1937-43 are on p. 20 of the May 1945 Survey (see note for hours and earnings in the telephone Industry at the

bottom of p. S-13 of April 1946 Survey regardin g a change in this series in April 1945) and data for the telegraph industry beginning June 1943 (the earliest available) are given in note onp S-ll of the January 1945 issue; data beginning March 1942 for all other series on average hours are available in the May 1943 Survey and data back to 1939 will be published later.The new series on veterans' unemployment allowances relate to readjustment allowances payable under the Servicemen's Readjustment Act of 1944; data beginning September 1944for these series and beginning 1939 for initial unemployment compensation claims will be shown later (see note in April 1946 Survey for definition of initial claims).

fRevised series. Data beginning June 1942 for nonagricultural placements are available in the August 1943 Survey; earlier data will be published later. For information regardingthe revised indexes of production-worker pay rolls in manufacturing industries, see note marked " t " on p. S-10.



Unless otherwise stated, statistics through 1941and descriptive notes may be found in tlie1942 Supplement to the Survey

1947

June June July August

EMPLOYMENT CONDITIONS

1946

Sep-tember

AND

Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary

WAGES—Continued


PAY ROLLS—Continued

Production-worker pay rolls, mfg. unadj.!—Con.Nondurable goods industries—Continued

Tobacco manufactures 1939=100.Paper and allied products _-do..-

Paper and pulp do . . .Printing, 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

Nonmanufacturing, unadjusted (U. S. Dept. of Labor):Mining:f

Anthracite 1939—100-.Bituminous coal do.-..Metalliferous _ .doQuarrying and nonmetallie do

Crude petroleum and natural gasf -- do .Public utilities:f

Electric light and power. do, . . .Street railways and busses doTelegraph _ __ do. . . .Telephone . _ do

Services:!Dyeing and cleaning doPower laundries __doYear-round hotels - .do.

Trade:Retail, total! - . do . . . .

Food* „, do—.General merchandising! _. . .do

Wholesale! do . . . .Water transportation* do

WAGES

Average weekly earnings, manufacturing industries:Natl. Ind. Con. Bd. (25 industries) ..dollars..U. S. Dept. of Labor, all manufacturing! do

Durable goods industries doIron and steel and their products! do

Blast furnaces, steel works, and rollingmills! ._ dollars-

Electrical machinery! doMachinery, except electrical!,— do

Machinery and machine-shop products!-doMachine tools . .do

Automobiles! .__do.-_-Transportation equipment, except autos-__do

Aircraft and parts (excluding engines) doAircraft engines* ._ __doShipbuilding and boatbuilding do

Nonferrous metals and products!.... doLumber and timber basic products! do

Sawmills and logging camps doFurniture and finished lumber produets!_._do

Furniture t doStone, clay, and glass products! do

Nondurable goods industries doTextile-mill products and other fiber

manufactures ! . dollarsCotton manufacturers, except small wares!

dollars..Silk and rayon goods! doWoolen and worsted manufactures

(except dyeing and finishing)! dollars..Apparel 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

*>48.91P52. 39

45. 08

184.1247.0216.7191.3162.0204.6313.0283. 0242.fi223.3331.4318.3

182.7243.8126.9207.7147.1

148.4199.5174.9259.9

236.6190.9205.0

171.3170.0188.8172.6467.4

47.2043.3146.3246.74

46.9845.7250.0449.7053.8649.3253.3252. 5555.9153.9947.6137.6236.5638.7339.3142.0140.28

35.02

31.7534.64

41.63

35.2338.1844.0237.3436.1441.0941.4235.7843.0533.8342.7445.34

51.7356.0849.8243.9550. 6953. 3456.4650. 4554.82

178.3246.4218.4193.3163.7209.1315. 5289.2251.0228.0321.4304.3

156.5198.4132.4213.6151.3

150.2206.7178.6268.8

231.3193.3204.9

172.6in. 5187.1174.5490.1

47.6443.3846.2446.80

47.8545.5949.7649.4962.4451.1553.7053.0154.7255.2046.6835.6034.6638. 3738.8041.8040.46

34.76

31.6434.94

41.18

33.8335.8442.6736.4635.3843.2243.8138.8948.0533.2443.1246.06

51.7966.6250.0344.6752.0954.1957.0250.6056.11

186.2256.5227.8198.1168.8210.4320.0288.0253.1228.7336.9311.2

193.3241.0145.2225.1152.6

152.4211.2178.5267.6

216.9188.4208.9

174.6177.2188.1177.3478.8

48.7444.9948.0248.78

49.8447.4950.9951.1554.0753.8053.9153.8556.0854.4148.0038.7837.7540.0940.8543.2341.89

37.00

34.8137.42

41.88

36.4838.1147.4536.7435.1744.3444.6341.1248.3734.1644.2647.56

53. 0158.0950.8344.9151.8154.3657.1051.0355.42

196.0259.8228.0203.1175.6215. 8329.1289.6257.4232.7363.9348.9

194.0234.9147.0227.9149.5

153.3207.9177.3265.0

225.6188.7209.5

180.8173.6199.0182.80)

49.1445.3948.3649.29

50.2848.3151.7451.0554.4553.3752.6553.7356.9350.9148.5538.7337.6940.8641.6244. 0342.34

37.54

35.3537.20

42.44

37.2539.1447.8237.4936.1843.5944.6041.5041.1135.2544.5747.55

53.9660.0451.5045.4152.6155.2558.3553. 6959.89

207.4268.5234. 9208.4178.9220.8335.3294.0252.7228.2361.3346.1

199.9237.1148.0227.6150.1

155.3212.6201.7269.2

225.7189.8214.5

182.5174.6204.8184.5

1 422. 6

49.7945.7348.9049.86

50.3948.2852.5751.9155.6153.4154.3253.8157.3153.9648.9239.2137.8441.7342.4244.4642.45

38.09

35.5738.67

42.40

36.6838.8946.2537.0735.6543.8545. 4540.8243.0636.4745.6149.05

54. 2860.2851.5045.5052.8754.3857.3251.7457.38

212.7276.6240.3214.0182.0227.9345.0301.3252.6226.9377.4360.3

182.3233.1146.9222.4151.0

157.6210.9194.2273.0

217.0191.5218.5

191.7185.7225.0189.7

50.1445.7948.6249.91

50.8248.3352.0651.3855.9053.8352.3752.5351.0651.4749.2437.7436.3741.6242.4144.9142.87

38.38

36.1438.69

41.67

36.5441.3943.2837.2435.7644.8446.0135.2851.1536.6646.0849.37

55.1161.1152.6045.8852.9654.5057.1152 Q358." 87

222.0284.5244.9223.9189.7239.4357.0313. 4250.9230.2392.2368. 9

212.3258.3159.3221.9147.1

161.6213.6190.5264.5

219.5201.0218.8

212.2194.6277.2197.2

50.3046.9649. 5749. 67

48. 5949.1352.8752.6256.6654.9855. 3563.4656.8957.2150.4038.7937.0542.4943.0445.8944.24

39.26

36. 8539.57

42.96

37.2341. 7844.1439.8338. 6546.9347. 5537. 9351.7338.1246.8749.92

57.0362.9554.9847.1454.1554.5557.8054.6360.46

209.4285.1246.9219.6185.2235. 2362.9321.0253.9227. 5386.3361.2

202.0265.4156. 8204.8153.8

159.5216.1189.1267.5

213.8201.8215.1

187.2189.4208.4189.7

51.6247.1049.6050.64

50.8948.6353.1252. 7856.1754.1354.4852.5956.1557.0549.9139.1137.4142.4143.3545.5844.47

39.29

37.0640.21

43.10

38.2241.7047.3040.1839.0547.3146.3236.5557.2036.7447.0550.18

56.6062.0854.1947.3954.7755.2457.7454.0359.78

201.0288.1251. 4221.8191.0234.2372.6323.5256.8228.8385. 0357.7

184.7248.7162.0205.6152.9

163.7219.5185.4269.4

204.7196.1216.6

187.5197.1201.4190.4

52.1047.2949.7450.33

50.6748.1353.2252.6156.0954. 2954.3453.4154.7755.3750.1241.1839.8942.8044.2045.4944.67

40.32

37.5641.45

47.44

38.7441.8648.7740.2938.9646.4045.8036.8252.8235.4447.4250. 98

56.7463.0054.0748.1755.1055.3957.7554.0659.90

193.1290.9252.5227.7196.9238 9377^5326.8262.1234.9374.3

' 343.2

206.2245.6162.6213.7154.5

160.8218.6

r 198.0267.2

214.7196.9216.8

190.1199.9205.6191.6

52.10' 47. 69r 50. 30'51.31

51.77' 49.07r 53.82

53.1056.46

r 55.45* 54. 25

53.2253.02

r 56. 59' 50.26' 40. 31

39.12* 43. 00

44.33r 46. 38' 44.89

41.01

39.2241.94

46.28

38.41Ml. 99

47.75r 40.11* 38. 91

46.0545.1737.4049.87

r 35.2147.9251.27

58.1964.25

r 55. 671 48. 60r 55. 33

56.5359.15

' 52. 97' 58.05

'181.6290.9254. 8230.9201.7240.3378.3329.5264.2235. 6383. 9

' 357. 2

155.3192.4164.7233.2162.3

r 166. 5218.8239.3136.1

221.7' 200. 5

219.4

192.6202.8210.4190.8

' 52. 79' 47. 48' 50.30' 51. 79

52.83' 48. 40' 54. 2553.3156.06

' 54.14' 54. 2352.7253.69

' 56. 97' 50. 33' 40. 99>• 39. 81' 42. 8444.07' 46. 55' 44. 40

40.12

38.5340.89

45.26

35.4440.1642. 32' 39. 44' 37. 9646.1745. 2638.4950.13' 34. 8648.2052.07

58.8165. 2956. 05' 48. 9355.45

r 57. 2960.22

r 55. 2361.64

182.8292. 6259. 0234. 5208. 8240.4381. 5334.9274.7242.7371.2349.0

186.3248. 0172.1241. 7163. 4

168.2220.0226.9196.9

231. 5203.8221.1

195.1208.0212.8191.4

53.59' 48.46' 51. 71

53.73

56.2650.2455.2154.4457.1355. 8755. 2352.6354.7658. 2151. 2242.9341. 8043.3944.3447.34

' 44. 93

39. 89

37.7341.80

45.28

35.3641.1841.3339.5037.8647.7146.5539.5253.3134.4748.9752.82

59.6867.1056.3249.7756.3857.9760. 0155.9861.96

r Revised. v Preliminary.i Data for October 1946 relate to the end of the preceding month. Data for the week ending September 15th are not available. The index has been temporarily discontinued.tfeample was changed ra November 1942; data are not strictly comparable with figures prior to that month.§Sample was changed in July 1942; data are not strictly comparable with figures prior to that month.*New series. Indexes of pay rolls beginning 1939 for retail food establishments and 1940 for water transportation are shown on p. 31 of the June 1943 Survey. Data beginning

1932 for the newspapers and printing, book and job, industries will be published later; see November 1943 Survey for data beginning August 1942. Data for the aircraft engine industrybeginning 1939 will also be published later. & & & y

! Re vised series. See note marked " ! " on p. S-10 regarding revisions in the indexes of pay rolls in manufacturing industries and reference to revised data and note marked " !" onP- k-11 for reference to revised data for pay rolls in nonmanufacturing industries. The indicated series on average weekly earnings and average hourly earnings (p. S-14) have beenshown on a revised basis beginning in the March 1943 Survey (see note in that issue for an explanation of the revision); data prior to 1942 have not been published in the Surveyand will be shown in a later issue; there were no revisions in the data for industries that do not carry a reference to this note.




WAGES—ContinuedAverage hourly earnings:

Natl Ind Con Bd (25 mfg industries)U S Dept of Labor all manufacturing!

Durable goods industries!Iron and steel and their products!

1947

June

1946

June July August

EMPLOYMENT CONDITIONS

. dollars.do .

. .do . .do

Blast furnaces, steel works, and rolling mills!do

Electrical machinery!Machinery except electrical!

dodo

Machinery and machine-shop products!_.doM^aohine tools do

Automobiles! doTransportation equipment, except autosf-.do

Aircraft and parts (excluding engines) doAircraft engines* doShipbuilding and boatbuilding

Nonferrous metals and products!dodo

Lumber and timber basic products! doSawmills and logging camps do

Furniture and finished lumber products!___doFurniture do

Stone, clay, and glass products!Nondurable goods industries! """""do""""

Textile-mill products and other fiber manufac-tures! dollars..

Cotton manufactures, except small wares!dnllflrs

Silk and rayon goods! doWoolen and worsted manufactures (except

dyeing and finishing)!... dollars..Apparel and other finished textile products!

dollarsMen's clothing!Women's clothing§

Leather and leather products!Boots nnd shoe1'

Food and kindred products!BakingCanning and preserving!Slaughtering and meat packing

Tobacco manufactures!Paper and allied products!

Paper and pulp

. do .dodododo

. . . do .dododododo

Printing publishing and allied industrfpst doNewspapers and periodicals*Printing book and job*

Chemicals and allied products!Chemicals

Products of petroleum and coal!Petroleum refining

Rubber products!Rubber tires and inner tubes

Nonmanufaeturing industries (U.S.Dep'Building constructionMining:

AnthraciteBituminous coalMetalliferousQuarrving and nonmetallic

Crude petroleum and natural gasPublic utilities:

Electric light and powerStrpct railways and bussesTelegraphyTelephonet

Services:Dyeing and cleaning*Power laundries®

Trade:RetailWholesale

dododododo _dododo

.of Labor)*:dollars

dodododo .do

dodododo -

d o . . . .do

dodo _

Miscellaneous wage data:Construction wage rates (E. N. R.):^

Common labor dol. per hr__Skilled labor do . . .

Farm wages without board (quarterly)dol.

Railway wages (average, class I)Road-building wages, common labor:

United States average

PUBLIC ASSISTANCE

Total public assistance

per month.,-dol. per bx..

do

mil. of dolOld-age assistance, and aid to dependent children and

the blind, total rail, of dolOld-age assistance..

General reliefd o —do

v 1.220v 1.294

1.1892.01

l H 4 QO

.89

v 122

p 109v 82v 13

1.1891.0841.1651.206

1.3031.1481.2231.2021.2771.3471.3501.3021.3431.4161.163.908.888.927.950

1.0411.003

.875

.803

.850

1.014

.951

.9991.191.950.923.972.945.898

1.095.846.993

1.0381.2781.4491.2031.0841.2431.3471.4311.2831.461

1.444

1. 5591.4741.180.994

1.322

1.2751. 053

.9081.147

.834

.703

.8761.146

1.0341.80

1.139

.81

95

85669

1.1941.0931.1771.216

1.3141.1581.2321.2121.2691.3541.3661.3251.3481.4361.166.910.892.937.957

1.0571.009

.877

.803

.858

1.017

.941,985

1.180. 954.927.986.980.904

1.115.851

1.0071. 0531.2871. 4591.2121.0981. 2561. 3551.4371.2921.472

1.473

1. 5621.4571. 2051.0041.311

1. 2581.097

.9101.135

.826

.698

.8881.155

1.0581.81

106 001.136

.80

96

86679

1.2171.1121.1861.222

1.3051.1691.2461.2281.2911.3731.3591.3231.3541.4311.177

.928

.911

.957

.9821.0631.036

.924

.875

.906

1.024

.9861.0091.263.972.945

1.015.964.976

1.116.885

1.0201.0701.2991.4751.2201.1021.2601.3471.4271.2951.474

1.482

1.5981.4661.2121.0161.307

1.2601.099

.9101.129

.832

.693

.8931.148

1.0711.82

1.130

.86

97

876810

Sep-tember

AND

1.2291.1261.2011.241

1.3251.1851.2601.2381.3001.3851.3561.3231.3571.4261.192.935.915.977

1.0021.0871.050

.940

.888

.922

1.034

1.0101.0271.300.982.955

1.0131.003.960

1.144.893

1.0371.0851.3151.4951.2321.1101.2811.3681. 4531.3231.507

1.510

1.6111.4801.2211.0421.334

1.2911.110

.9141.148

.839

.708

.9081.179

1.0721.85

1.155

.84

99

896910

Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary

WAGES—Continued

1.2311.1301.2021.239

1.3031.1861.2661.2451.3061.3761. 3591.3261.3631.4321.195.936.913.990

1.0141.0961.056

.948

.892

.931

1.037

.9971.0241.266.987.960

1.0351.042.983

1.147.905

1.0501.1021. 3251.5111.2381.1021.2781.3471.4281.3131.492

1.526

1.5931.4001.2101.0471.308

1.2841.1301. 0671.137

.854,708

.9071.172

1.0731.85

104 001.132

.87

107

967411

1.2431.1391.2101.247

1.3101.1911.2731.2491.3221.3941.3641.3261.3731.4411.204

.931

.906

.9991.0241.1141.065

.955

.898

.941

1.038

.9981.0861.2111.004.978

1.0461.045.950

1.137.924

1.0641.1111.3431.5281.2591.1121. 2881. 3511.4291. 3221.503

1.549

1. 5821.4771.2191.0451.334

1.3021.1251.0631.131

.854

.729

.9171.186

1.0781.86

1.146

.86

110

997611

1.2471.1481.2161.248

1.3141.1951.2771. 2571.3221.3951.3621.3251.3571.4301.210

.931

.9011.0071.0341.1191.077

.959

.900

.944

1.039

1.0061.0891.2231.018

.9951.0581.051

.9821.119

.9471.0711.1191.3741.5691.2951.1331.3161.3621.4341.3311.513

1.569

1.6151.4911. 2321.0521.346

1.3371.1421.0621.132

.867

.739

.9191.202

1.0851.86

1.150

.83

114

1027712

1.2681.1611.2241.261

1.3321.1991.2831.2641.3261.3901.3561.3211.3571.4201.217

.962

.9351.0151.0461.1251.094

.970

.914

.975

1.045

1.0371.0951.2971.023

.9951.0841.056

.9751.206

.9381.0881.1341.3811.5751.2971.1431.3271.3721.4471.3301.511

1.594

1.5941.4901.2291.0581.355

1.3131.1651.0691.132

.874

.745

.9531.197

1.1091.89

106 001.146

.84

116

1037813

Febru-ary

1.2791.1701.2291.258

1.3171.2031.2901.2671.3251.3991.3671.3321.3441.4421.222'.979'.9541.0221.0491.1331.107

.997

.927

.996

1.156

1.0491.0971.3141.021

.9891.0881.060

.9971.193.937

1.0981.1491.4151.6071.3361.1651.3421.3821.4511.3311.517

1.598

1. 6371.4911. 2381.0621.390

1.3521.1741.1641.141

.861

.748

.9571.230

1.1231.92

1.173

.81

118

1047914

March

1.2851.180

' 1. 2361.269

1.333' 1.212

1.2981. 2751. 334

' 1. 396r 1.362

1.3381.344

' 1.4181.226'.983.965

' 1. 0311.0591.1441.119

1.024

.9791.012

1.155

1.045' 1.106

1. 293' 1. 028

'.9991.0881. 057

.995r 1.188

.9391.1091.157

r 1. 4431.626

' 1.3641.177

' 1. 3511.4081.488

' 1. 330' 1. 512

1.610

1.6321.4841.2411.0691.421

1.3411.1841.1641.124

.876

.759

'. 9601.231

1.1231.92

1.146

.84

121

1078114

April

' 1 3041 186

' 1. 2431.281

1 347' 1 210'1 .308

1.2791 334

' 1.406'1 .362

1.326' 1.351'1 .426'1 .234

'.990.972

'1 .0311.0631.1491.122

1.027

.9811.016

1.159

.999' 1 . 0 9 5

1.200'1 .029

.9981.0971.0651.019

'1 .097' .9491.1211.1731.4651. 6511.3821.193

'1 .3591.4101.4901.397

'1 .608

1.634

1.545'1 .483

1.2371.0801.444

'1 .3431.1901.2521.147

.888' . 7 5 7

.9731.229

1.1381.94

107 001.136

.86

122

1088114

May

1 32S' 1 208' 1.277

1.331

1 4361 2641.3361.3071 3571.4611.3751.3271,3831.4371.2611.0241.0061.04£1.0731.174

'1 .131

1.02E

.9741.02C

1.15S

.98?l . ioe1.1651.03C

.9951 .1Kl.os:1.03(1.1K

.9451.13,1.18<1.4911.69J1.39v1.21C1.37,1.4411.50t1.43C1.645

v 1. 65(

1.59:1.47(1.27!1.081.44}

1.35*1.191. 241.18

.89

.75

.981.24

1.141.94

1.13

.88

12

'108

' 1

r Revised. » Preliminary, i Rate as of July 1. § Sample was changed in November 1942; data are not strictly comparable with figures prior to that month.• The comparability of the series was affected by a change in the data in July 1945; see January 1946 Survey for June 1945 figures on both the old and the new basis.% Data beginning A*pnl 1945 are not comparable with earlier data; see note for hours and earnings in telephone industry at the bottom of p. S-13 of the April 1946 Survey.5 Rates as of July 1. 1947: Construction—common labor, $1,217; skilled labor, $2.07.c?Data beginning February 1947 include increases amounting to approximately ten cents per hour set aside by the Western Union Telegraph Company as a result of awards or

recommendations of Governmental boards but not yet distributed pending completion of job classification structure; approximately 6 cents of this increase has been accruing sinceDecember 1945 and the remainder since June 1946.

*New series. Data on hourly earnings for 1937-43 for the telephone industry are shown on p. 20 of the May 1945 Survey (see also note marked "$" above regarding a change m thedata in April 1945) and data for the telegraph industry beginning June 1943 are on p. S-14 of the January 1945 issue. Data on hourly earnings beginning March 1942 for the othernonmanufacturing industries and beginning August 1942 for the printing and publishing subgroups are available, respectively, in the May 1943 and November 1943 issues, and databack to 1939 will be published later.

t Revised series. See note marked "f' on p. S-13.




1947

June

1946


Octo- Novem- Decem-b e r b e r b e r

1947

FINANCE

BANKING

Agricultural loans outstanding of agencies supervisedby the Farm Credit Administration:©

Total mil. of dolFarm mortgage loans, total do

Federal land banks __ __ _ doLand Bank Commissioner do

Loans to cooperatives, total _ doBanks for cooperatives, incl. central bank..doAgr. Marketing Act revolving fund do

Short term credit, total _ do . .Federal intermediate credit banks % doProduction credit associations doRegional agricultural credit corporations...doEmergencv crop loans doDrought relief loans do

Bank debits, total (141 centers)! doNew York City.. _ doOutside New York City do

Federal Reserve banks, condition, end of month:Assets, total do

Reserve bank credit outstanding, total doBills discounted __ doUnited States securities do

Gold certificate reserves® -- doLiabilities, total . __ do

Deoosits, total doMember bank reserve balances _ do_ _.

Excess reserves (estimated) doFederal Reserve notes in circulation . do

Reserve ratio _ percent. .Federal Reserve weekly reporting member banks, con-

dition, Wednesday nearest end of month:fDeposits:

Demand, adjusted mil. of dolDemand, except interbank:

Individuals, partnerships, and corporations-doStates and political subdivisions . . doUnited States Government .. . . d o

Time, except interbank, total doIndividuals, partnerships, and corporations, doStates and political subdivisions _. ._ do

Interbank! .. . _ __ __ _._ ___do _Investments, total do

U. S. Government obligations, direct and guaran-teed, 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 - . d oOther loans for purchasing or carrying securities

mil. of dol__Real estate loans . . . doLoans to banks doOther loans. do

Money and interest rates: ^Bank 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 loansd" .- doFederal intermediate credit bank loans _ doOpen market rates, New York City:

Prevailing rate:Acceptances, prime, bankers', 90 days doCommercial paper, prime, 4-6 months doTime loans, 90 days (N. Y. S. E.) do

Average rate:Call loans, renewal (N. Y. S. E.)- doU. S. Treasury bills, 3-mo do

Average yield, U. S. Treasury notes, 3-5 yrs.:Taxable* do

Savings deposits, New York State savings banks:Amount due depositors,.. mil. of dol__

U. S. Postal Savings:Balance to credit of depositors... , do

CONSUMER SHORT-TERM CREDIT

Tota^*consumer short-term debt, end of month*._doInstalment debt, total* do

Sale debt, total* . . doAutomobile dealers* doDepartment stores and mail-order houses*_doFurniture stores* . ._ _ . . . doHousehold appliance stores* doJewelry stores* doAllother* do

1,7061,033

910123159155

151439

3622

8328

84, 92535, 63249, 293

44, 42522,170

7021,87220, 03944, 42517, 74816,112

*78424,154

47.8

46, 602

46, 4433,191

59614, 46014, 055

32810, 53243, 094

38, 990989

4,64830, 7012, 6524,104

20, 27711,8091,266

9862, 981

1583,077

1.832.442.951. 004.001.63

.811.001.50

1.38.376

1.21

9,535

v 3,397

v 10, 884v 4 906v 2, 004

v S62J>413*396

*>35v 118*>180

1,7791,1821,008

174118115

347934

3044

10532

78,19134,97243,219

44,82824, 456

15723, 78318,10344,82818,20616,1231,112

24,19142.7

45, 417

45, 3072.8378,188

13, 51213, 249

19111,24652, 247

48, 3031,131

11,42530, 083

5,6643,944

17,1828,4752,110

2,1541, 989

1832,271

1.842.512 971.004.001.50

.50

.751.25

1.00.375

1.15

8,762

3,120

7,9052, 9021,035

336210299

1763

110

1,7701,1691,001

168124118

3477

33305

410432

82, 37437,35745,017

44,62524,164

24523, 63318,10544, 62517,90615,991

85624, 244

43.0

45,650

45, 5462,7917,781

13. 63413, 346

21411,16651, 827

47, 808875

11,11130. 290

5, 5324,019

17, 2508,9161,749

2,0152,071

1952,304

1.004.001.50

.59

.771.25

1.00.375

1.13

8,825

3,160

8,0253,0221,070

3652122992063

111

1,7511,151

989162130125

247032

3023

10231

73,90030, 21643,684

45,04524,748

33123,94618,09845,04518, 29416, 2451,085

24, 41242.4

45, 625

45, 3012,7736,993

13, 72513, 424

22211, 07950,868

46, 884824

10, 20830, 436

5, 4163,984

17, 5079,4441,503

1,8672,140

1882,365

1.004.001.50

.71

.811.50

1.38.375

1.14

8,875

3,188

8,3623,1651,124

394221308

64115

1,7411,136

979157151146

245430

2913

9831

74, 55231, 39743,155

44,81324, 594

21324, 04918,09544,81318, 06015,910

72524, 448

42.6

45, 621

45, 5842,8725,003

13, 80613, 504

22611, 14648, 449

44, 281746

7,79230, 566

5, 1774,168

18, 00110, 1801,367

1, 6162,241

1342, 463

1.832.432 751.004.001.50

.81

.811.50

1.38.375

1.22

8,919

3,207

8,6313,2881,177

425235311

2365

118

1,7171,117

966151180175

242130

2643

9331

81,58333,91347, 671

44, 88924,109

25323, 51818, 22944,88917, 57915,931

56724, 583

43.2

46,187

46,1862,7574,956

13, 87113, 573

22211, 09448, 336

44, 375741

7,99430, 6365. 0043, 961

18, 70410, 8251,299

1,5062,324

1992,551

1.004.001.50

.81

.881.50

1.38.375

1.24

8,958

3,235

9,0133, 4581, 261

466257322

2566

125

1,6901,099

954145189183

240133

2453

9130

77,19331, 08846,105

45, 64724, 791

31623,94418,31045,64718,08316,5131,063

24, 79942.7

46, 751

46, 9752,7963.762

13. 90213, 585

24010, 97046, 996

43,069795

6,74230, 5744, 9583,927

19,24611,2341,442

1,3892,400

1522,629

1.004.001.50

.81

.941.50

1.38.376

1.22

9,013

3,260

9,5273, 6461,358

505284337

2672

134

1,6611,085

944140188182

2389

34234

38830

93, 54741.25252,295

45,00624,093

16323, 35018, 38145, 00617, 35316,139

56224, 945

43.5

46, 582

47, 2522,9071,917

14,06313, 719

25911, 26945, 037

41, 053962

6,29930, 3743,4183,984

19, 41711,3461,471

1, 2562,490

722,782

1.852.432.761.004.001.50

.811.001.50

1.38.375

1.22

9,170

3,284

10,1473,9761,558

544337366

28123160

1,6621,068

932135195187

2399

35245

28729

83, 45234, 30549,147

45, 95724, 754

30823, 94118, 62745, 95718, 92816,063

66324,387

43.0

46, 552

46, 1062, 9481,819

14, 09613, 775

23710, 70544, 601

40, 642438

6,34530, 3983,4613, 959

19, 56611, 5991,235

1,1392,563

2152,815

1.004.001.50

.811.001.50

1.38.376

1.18

9,232

3,331

9,9674,0481,566

581337352

27114155

1,6701,060

928133194187

2416

32266

28629

72, 94329, 74543,198

46, 54724, 846

35624,11719,11346, 54719, 48915, 895

84724, 320

43.6

45,124

45,1992,9372,135

14, 22613, 887

25410, 54643, 550

39, 619424

5,38230, 354

3, 4593,931

19, 75911,8201,191

1,1122, 631

1702,835

1.004.001.50

.811.001.50

1.38.376

1.18

9,278

3,355

9,9104,1571, 609

631338349

30107154

1,6541,048

919129182175

2444

31296

28629

83, 50533, 54749,958

44, 93123, 431

53822, 59319, 22244, 93118, 24915, 264

34424,162

45.3

44,482

44, 2103,0751,817

14. 30313, 936

28510. 63642, 959

38, 850692

5,03630, 3072,8154,109

20, 02012, 271

874

1,0632,739

1792,894

1.822.372.801.004.001.63

.811.001.50

1.38.376

1.17

9,340

3,379

10, 2164,3291,695

691358354

29105158

1,6711,040

913126158153

2473

33323

28529

78, 30131, 39146, 910

44, 23622, 205

12521,85719,53744, 23617,47015, 826

65424, 022

47.1

46,150

45. 7983,3501,476

14, 34913, 955

31210, 35143, 574

39, 465753

5,40230, 4722, 8384,109

19, 86412, 043

833

1, 0512,831

1842,922

1.004.001.63

.811.001.50

1.38.376

1.17

9,377

' 3, 382

>• 10,407' 4, 537

1,813753386366

32109167

1,6831,034

910124152148

2497

35346

28529

78, 35430,89547,459

44,88222, 738

17922,08S19,68944, 88218,00916, 238

'99124,120

46.7

46, 314

45,8073,2681,119

14, 41114, 005

32410, 12643, 224

39, 220827

5.13530, 5562,7024,004

20, 01511,7921,169

1,0092,897

1912,957

1.004.001.63

.811.001.50

1.38.376

1.19

9,427

v 3, 393

v 10, 663p 4, 741v 1, 922

P 8 1 0»409*382

P 3 2P 1 1 4v 175

r Revised, v Preliminary. \ For bond yields see p. S-19. § Includes domestic and foreign bank deposits.© Effective Nov. 1,1946, jurisdiction over the emergency crop and drought relief loans included above ^ as transferred to the Farmers Home Administration.d* Rate on all loans: see note on item in April 1946 Survey.X Excludes loans to other Farm Credit Administration agencies.*New series. Data beginning December 1940 for the series on taxable Treasury notes are available on p. S-14 of the April 1942 and later issues of the Survey; since Dec. 15, 1945,

this series represents price of Treasury bonds of Dec. 15 1950. For information regarding the series on consumer credit see note marked "*" on p. S-16.tRevised series. Bank debits we're 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 revised to increase and improve the coverage; a number of important cities have been added while some cities formerly included havebeen eliminated and the coverage within included cities has been broadened; in addition, all branches of reporting banks are included, regardless of the location. The total numberof cities, including only the head-office city of branch systems, has been reduced from 101 to 94 while the number of banks reporting has been increased from 371 to 441. The per-centage of total commercial bank deposits represented by the series has been increased from 49 to 57. Revised figures are available only beginning July 2, 1946 (shown here as June).See July 1947 Survey for June 1946-May 1947 figures comparable with earlier data.Digitized for FRASER


S-16 SURVEY OF CUEEENT BUSINESS August 1047


1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


FINANCE—Continued

CONSUMER SHORT-TERM CREDIT—Con.

Total consumer short-term debt—Continued.Instalment debt—Continued.

Cash loan debt, total* mil of dolCommercial banks* do __Credit unions doIndustrial banks* ._ ._ doIndustrial loan companies* __do _.Small loan companies doInsured repair and modernization loans* doMiscellaneous lenders* do

Charge account sale debt*. _ _ do -Single payment loans* doService credit* __ . do

Consumer instalment loans made by principal lendinginstitutions:

Commercial banks* mil. of dolCredit unions doIndustrial banks*. . . . do -Industrial loan companies* do . .Small loan companies do

LIFE INSURANCE

Life Insurance Association of America:Assets, admitted, totalJA - mil. of dol

Mortgage loans, total . . _ do _-Farm doOther do

Real-estate holdings doPolicy loans and premium notes _ doBonds and stocks held (book value), total _ do

Govt. (domestic and foreign), total doTJ. S. Government do

Public utility doRailroad ___ doOther do

Cash.. _ __ _ doOther admitted assets-- do

Premium> collections, total® thous. of dol._Annuities doGroup . doIndustrial doOrdinary do

Institute of Life Insurance:*Payments to policyholders and beneficiaries,

total. . . . thous. of dol-.Death claim payments doMatured endowments doDisability payments doAnnuity payments doDividends.- _ doSurrender values, premium notes, etc do

Life Insurance Agency Management Association:Insurance written (new paid-for-insurance):f

Value, total thous. of dol_.Group doIndustrial doOrdinary, total . do

New England _ . _ . . _ do -Middle Atlantic doEast North Central . . . . . . doWest North Central doSouth Atlantic . - _ . - _ - _ _ do -East South Central _ doWest South Central. do._-Mountain _ . . . doPacific..- . _ do

MONETARY STATISTICS

Foreign exchange rates:Argentina dol per paper pesoBrazil, free cf- dol. per cruzeiroBritish India dol per rupeeCanada, free rate§ dol. per Canadian dolColombia ._ - dol per pesoMexico doUnited Kingdom, free rate . dol. per £

Gold:Monetary stock, U. S . mil of dolNet release from earmark* thous. of dolGold exportsi doGold imports^ doProduction, reported monthly, total © do.. .

Africa doCanada®. _. _ _. doUnited States © . d o .-

v 2, 902v 1,197

p 224P 1 4 3P 1 1 8*>638P 4 6 9P 113

v 2,887v 2, 216

P 8 7 5

v 211v 44P 26v 24

P 1 1 7

40,0575,837

6245,213

6221,481

30, 74019,09317, 7044,9652,5224,160

588789

1,829,937291, 212349, 725

1,189,00078, 555

284, 748259,390118,937132, 38446, 62095, 61240, 382

132, 372

.298

.054

.302

.916

.570

.2064.027

p 21, 266118, 958

2,685202, 917

1

1,8677021499279

49824899

2,3271,846

830

14828191798

37, 5525,213

5874,626

6021,484

28, 92719,64518, 3234,3222,5562,404

651675

368, 22638, 32420, 41372,043

237, 446

221, 99798, 78929, 8607,438

17, 30944,06324, 538

1,863,485183, 743338, 999

1,340,74395,427

336, 659290, 952130, 779145,15655, 645

107,38440, 797

137,944

.298

.052

.302

.906

.570

.2064.034

20, 27015,010

74837, 07754, 74939,1018,2033,416

1, 9527441559681

512263101

2,2811,886

836

155292017

105

37, 7655,226

5904,636

6011,479

29,06919, 68818, 3684,3902,5362,455

715675

361, 40061,36325,19963, 947

210, 891

225, 877106, 74332, 9237,496

16, 88136, 69425,140

1,952,159284,896323,861

1,343,40292,405

327, 627292, 432127, 881154, 78154, 326

112,08142, 803

139, 036

.298

.052

.302

.967

.570

.2064.034

20, 2677,9962,5298,877

57,19340,0508,3843,993

2,04179015810084

527280102

2,4181,938

841

164302018

108

37,9115,255

5924,663

5971,475

29, 33519,70118, 3824,4002.5312.703

566683

343.08037, 94425, 23363, 834

216,069

216, 264101, 27628, 9748,120

16, 95035, 60425, 340

1,796,758200, 518323, 504

1,272,73683, 317

301, 929282, 453125,687142,193

53, 232108,18843, 087

132, 650

.298

.054

.302

.968

.570

.2064.034

20, 28060,12310,81626, 02760, 79538,9498,092

1 8,310

2,11182416410386

536295103

2, 4952,000

84S

15631201896

38,0795,289

5924,697

5941,475

29, 50419,75418, 4254,4542,5222,774

540677

352, 23038,80723, 08571, 062

219,276

210,89893, 97928, 7737,334

16,96438,41525,433

1,710,536238,591346,116

1,125,82973, 205

259,183249, 867112, 704128,77747, 73294,95738,138

121, 266

.298

.054

.302

.963

.570

.2064.033

20, 30512,30631,84624, 21757, 22137,8028,0476,798

2,19786517110890

547312104

2,6212,081

853

176342119

105

38,2815,317

5934,724

5911,474

29, 64219,67318, 3434,4932,5272,949

550707

350,54750, 71625, 30664,910

209,615

235, 775111, 75535,8997,996

17, 72136,23226,172

1,796,548198, 701347, 220

1,250,62787,873

311,142273,028118, 363141, 41549,69795, 72041,644

131, 745

.298

.054

.302

.960

.570

.2064.032

20, 402115.690

80624, 98959,46439, 2868,4295,930

2,288907176112

94565328106

2,8592,164

858

172332220

122

38, 4595,365

5924,773

5901,472

29, 67819,55818, 2314,5022,5173,101

581773

348, 27439, 22422, 57261, 902

224, 576

213, 74399, 25831, 0226,999

16, 46635, 22624, 772

1,648,423162,146343,113

1,143,16476, 411

283, 614253, 324108,934126,22844, 00388,91737, 774

123, 959

.298

.054

.302

.952

.571

.2064.031

20, 470127, 485

73378,63655,42437,1708,0924,900

2,41895618511798

608344110

3,0542,253

864

191392625

166

38, 8135, 437

5934,844

5841,471

30, 04319, 57418, 2254,5312,4903,448

473805

491, 79794, 38032, 32092, 701

272,396

258,173108, 24932,3127,888

15,55063, 58130, 593

1,962,873475, 709290,439

1,196.72576, 533

274,362263, 294121, 356132,94646, 44195, 92144,353

141, 519

.298

.054

.302

.954

.571

.2064.029

20, 52982, 830

115,91554, 72256, 97737, 5897,9616,255

2,4821,991

185122102611360110

2,7642,286

869

18733222098

39, 0325,480

5924,888

6011,470

30, 17719, 54218, 1924,5512,4983, 586

552772

414, 52373, 06837, 83369, 466

234. UQ

266, 447116,10539, 9958,747

22, 58150, 81828, 201

1,741,639184, 095328,518

1,229,02694,184

325, 519278, 083117,441121, 40641,81487, 86836, 348

126, 3631

!

.298

.054

. 302

.951

.571

.2064.029

20, 748196, 080102, 59385, 77453,12637,3308.1847,612

2,5481,030

190125105611377110

2,6022,277

874

18033212090

39, 2065,542

5954,947

6011,469

30,32919, 57118,1984,5672,4973,694

470795

383,85748, 21125, 97568, 491

241,180

238, 744107, 84136,123

7, 39317,91141,37728, 099

1,718,329181, 554350, 029

1,186,74687, 542

300,770263,884113,795126,06443,99888, 35937, 532

124,802

.298

.054

.302

.957

.570

.2064.027

20, 330-684,474

49, 21569, 57735, 47522, 217

7,7755,483

2,6341,079

197128108617394111

2,7682,243

876

214382423

121

39, 4505,601

5935,008

5971,471

30,10219. 27417,8804,5682,4963,764

878801

411, 30850, 33924, 55474, 642

261, 773

266, 482120, 77238, 2987,907

17, 21351, 32430, 968

1,845,995181, 315381, 519

1,283,16187, 521

314, 208280,199123, 723137, 36449, 692

102, 64841, 672

146,134

.298

.054

.302

.942

.570

.2064.027

20, 463203, 540

17, 691171, 32546, 80632, 0949, 2125,500

' 2, 7241,123

204133113627

'412112

2, 7822,215

873

213392424

116

39, 6065,661

6055,056

6051,473

30,43119, 29617,9044, 6912,4893,955

649787

351,97841,96430, 21663, 629

216,169

250, 576112,36338,4687,583

18, 48241,89831, 782

1,796,174167,136359, 906

1,269,13289,694

313,179275, 438124,683138,71347, 58499,57741,950

138,314

.298

.054

.302

.919

.570

.2064.027

20, 774271, 990

17, 45861, 508

8,9316,246

P 2 , 8 1 9P 1,167

P 2 1 3P 1 3 8p 116P 6 3 3P 4 3 9P 1 1 3

v 2,835v 2, 213

^874

P 212P 4 2*24P 2 4

P 1 1 5

39, 7765,750

6155,135

6141,477

30,57919, 27417,8884,7512,4914,063

568788

381, 21240,28927,16265, 497

248, 264

245,999111,67934, 595

7, 69318,31541, 26932, 448

1,829,245226, 596372,892

1,229,75784,104

301,884267, 028119,665131,96047, 67396,85441, 843

138,746

.298

.054

.302

.920

.570

.2064.027

20,93313,0573,028

132, 762

9,400

r Revised. v Preliminary. J36 companies which had 81 percent of the total admitted assets of all United States legal reserve companies at end of 1945.<g> Reported by 39 companies which had about 79 percent of the total business outstanding of United States legal reserve companies at the end of 1945.• In January 1944 one company was replaced by a larger one; for revisions October-December 1943 see December 1944 Survey; earlier 1943 revisions are available on request.d" See September 1946 Survey arid earlier issues for official rate; the official market was abolished July 22,1946. Free rate prior to August 1945 is available upon request.§The official rate for Canada was $0,909 from March 1940, when first quoted, through July 4,1946, and $1,000 thereafter; the average rate for July 1946 was $0,983.^Publication of data was suspended during the war period; data for November 1941-February 1945 will be published later. • Or increase in earmarked gold ( - ) .© See notes in the April 1946 and August 1946 issues regarding revisions in the data for 1941-44 and January-May 1945.•New series. Estimates of consumer short-term credit as originally compiled are published in the November 1942 Survey and the general estimating procedure is described in that

issue; data for various components have subsequently been revised; there have been recent revisions in data for commercial banks beginning July 1943, credit unions beginning 1945,small loan companies beginning 1930, and single payment loans beginning 1945, as published in the Survey prior to the July 1947 issue, with corresponding corrections in the relevanttotals, and earlier revisions that have not been published, as indicated in the note marked "*" on p. S-15 of the April 1946 Survey; all revisions through April 1946 will be shown later.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.

fRevised series. All series for insurance written are estimated industry totals and for group and industrial insurance are not comparable with data published prior to the March1946 Survey (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 Bureaupublished in the 1942 Supplement and subsequent monthly issues.


August 1947 SUEVEY OF CURRENT BUSINESS S-17

Unless otherwise s ta ted , stat ist ics th rough 1941and descriptive notes may be found in t he1942 Supplement to t h e Survey

1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


FINANCE—Continued

MONETARY STATISTICS-Continued

Money supply:Currency in circulation mil. of dol..Deposits adjusted, all banks, and currency outside

banks total* mil. of dolDeposits, adjusted, total, including U. S. deposits*

mil. of dol. .Demand deposits, adjusted, excl. U. S.* doTime deposits, including postal savings*.._do

Silver:Exports A thous. of dolImportsAPrice at New York •_ . dol. perProduction:

Canada thous. ofUnited States

dofineoz..

fine ozdo

PROFITS AND DIVIDENDS (QUARTERLY)Industrial corporations (Federal Reserve): d*

Net profits, total (629 cos.) mil. of dolIron and steel (47 cos.) _.Machinery (69 cos.)Automobiles (15 cos.)Other transportation equip. (68 cos.).Nonferrous metals and prod. (77 cos.)Other durable goods (75 cos.)

..do . . .dodo .

. . d o . . . .dodo .

Foods, beverages and tobacco (49 cos.) do __Oil producing and refining (45 cos.). -Industrial chemicals (30 cos.),.Other nondurable goods (80 cos.)Miscellaneous services (74 cos.)

Profits and dividends (152 cos.):*Net profitsDividends:

Preferred...Common

Electric utilities, net income (Fed. Res.)*Railways, class I, net income (I. C. C.) . .

dodo. .

do

d o . . . .

d o . . . .dodo . . .

Telephones, net operating income (Federal Communica-tions Commission) mil. of dol. .

PUBLIC FINANCE (FEDERAL)U. S. war and defense program, cash expenditures, cu-

mulative totals from June 1940:* mil. of dolU. S. Savings bonds:*

Amount outstanding doSales, series E, F, and GRedemptions

Debt, gross, end of month®Interest bearing:

Public issuesSpecial issues to trust accounts, etc

Noninterest bearing

dododo

dodo

Obligations fully guaranteed by U. S. Gov't:Total amount outstanding (miniatured) do

Expenditures and receipts:Treasury expenditures, total. . do

War and defense activitiesJTransfers to trust accounts X . .Interest on debt. _ „All other*

Treasury receipts, totalReceipts, net

Customs ,Internal revenue, total

Income taxesSocial securty taxes.

dododododododododo

doNet expenditures of Government corporations

wholly owned* mil. of dol_.Government corporations and credit agencies :f

Assets, except interagency, total.. ._ . mil. nf dolLoans receivable, total (less reserves). .

To aid agriculture.To aid home ownersTo aid railroads.To aid other industriesTo aid banks......To aid other financial institutionsForeign loansAllother.. .

Commodities, supplies, and materials..mil.U .S . Government securitiesOther securities. _ .Land, structures, and equipmentAll other assets

dododododododododo

of dol

dododo

Liabilities, except in teragency, total.. . doBonds, notes, and debentures:

Guaranteed by the United StatesOther. .

Other liabilitiesPrivately owned interests..U. S. Government interests.

do. d o . .

dodo

. . d o . . . .

* 28,292

*165,100

P139, 100v 82, 500P 55,600

1,6854,408

.668

356, 544

51, 407482433

258, 286

227, 74727, 3663,173

83

4,5701,493

181.3961,6625,4805,473

353,9933s270

125

970

28,245

171,237

144, 72179,47651,829

3221,187.708

1,1751,063

604674921

26377462667180

250

21163151

70.7

339,264

49,053571519

269,422

245,77922,332

1,311

467

5,5132,442

51,3951,6714,4824,479

354,0803,392

76

- 1 6 1

27, 5725,4252,873

78219519622

235989633

1,4591,767

40115, 5582,9615,752

3251,2344,193

48221,338

28,254

170,700

144,30080,30052,400

1067,089l . 9 0 1

1,2671,395

340,497

49,336753537

268,270

243,99423,045

1,231

324

4,5141,190

631249

2,4442,600

442,2511,489

67

- 8 7 0

28,448

170,600

144,00080,60052,700

2738 283

.901

1,1862,583

342,061

49,493690478

267,546

242,91623,443

1,187

370

2,7961,509

13122

1,1522,7172,434

402,4941,513

302

136

28,607

170,200

143,70081,40063,000

1,1475,557.901

9532,993

698963242

2 3841419377677793

310

20149142

123.7

60.4

343,051

49, 560494482

265,369

240,36423,854

1,151

391

2,8511,100

32648

1,0704,4814,478

424,2913,550

89

- 9 6

29,5695,9492,860

72917118220

2371,632

6171,4291,836

39016,973

2,9925,004

3771,2503,377

49624,069

28,600

170,000

143, 50082,40053, 200

1664,385

.901

9292,940

344,536

49,638519489

263, 532

238.40024,015

1,116

378

3,0231,481

48160

1,3352,6172,644

452,2301,404

74

- 5 9

m _

28,861

169,500

142,80083,00053,400

85811, 595

.901

8422,561

345,955

49,723453418

262,277

236,67124, 254

1,351

362

2,5571,436

27105989

2,6392,364

452,4031,444

290

- 2 8

28,952

167,107

140,37783,31453,960

6,5797,861

.867

1,0132,928

8539761

102t 44

5057

12485779166

415

21209156

184 1

68.9

347,341

49,864676604

259,148

233,06424,585

1,500

331

3,6181,580

21952

1,0654,1134,107

433,6932,886

89

45

80,4096,6492 884

68517119219

2952,284

5981,2651,873

54716,9243 1525,101

2611,2523,588

49824,810

28,262

165,900

139,80082, 50064,200

2,94513, 295

.765

7672,464

348, 651

50, 407952483

259, 776

233, 60124, 777

1,399

262

3,0051,412

71343

1,1803,8603,820

473,4152,664

58

108

28,304

165,400

139,20080,60054, 700

12,7004,589

.723

8933,713

350,035

50,772712398

261,418

233,17624,9383,305

181

3,9461,457

16124

2,3504,6434,378

364,2743,222

387

- 3 2

28,230

165,100

139,10080,40054,900

3,5235,332.773

1,0393,250

875124

6999

4551

10389899764

424

20168191

86.4

66 1

351, 465

50, 995616449

259,124

230, 61825,1833 324

175

3,4921,428

1626

1,4385 7245,701

395,4464,650

118

106

32 3387 2943 056

663167204

17238

2 855590

1 0031,9853 426

15 4863 1434 560

1691 2503 142

50927, 268

28,114

165, 200

139, 20081,30055,100

1,8657,220

.757

8542,730

353,106

51,163572455

257, 701

229 14725 280

3 274

171

3 9811,728

46141

2, 0652 6242 556

412 3091, 597

75

20

' 28, 261

164,900

138, 90081,50055, 300

1,3874,488

.725

3,896

354, 375

51,282488421

258, 343

228 78926,186

3 368

171

4,4661,327

43292

2,6143,2042,865

372, 5781,619

365

- 6 1 4

' Revised. v Preliminary. * Deficit. i Average for July 11-31. ' Partly estimated. <g> Data are on the basis of Daily Treasury Statements (unrevised)A Data contain series published in the 1942 Supplement but suspended during the war period; data for November 1941-February 1945 will be published later.• Quotations are for foreign silver through July 1946; thereafter they apply also to domestic and Treasury silver if such silver enters into New York market transactions,d" For 1941-44 data for 629 companies and the industrial groups, see p. 31 of the October 1946 Survey.X For 1941 revisions see p. S-17 of the November 1942 Survey.* 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. Data beginning

July 1940 for expenditures for the U. S. war and defense program are shown on p. 29 of the June 1943 Survey; beginning July 1945 data are from the Treasury Daily Statements. Seenote marked "*" on p. S-17 of the February 1947 Survey for references to brief descriptions and the earliest data published for the series on net income of electric utilities, bankdeposits and currency outside banks, and U. S. savings bonds; data for bank deposits, etc., beginning January 1947 are for the last Wednesday of the month instead of the end ofthe month. Data for expenditures of Government corporations have been shown on a revised basis beginning in the September 1946 Survey; see note in that issue for an explanation.

. t Revised series. Data for government corporations and credit agencies have been shown on a revised basis beginning in the May 1946 Survey; data for certain items were furtherrevised in the October 1946 issue (see note on p. S-18 of the February 1947 Survey for further information on these series). The increase in securities other than U. S. Governmentin the first quarter of 1947 is due to large subscription to International Monetary Fund.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


FINANCE—Continued

PUBLIC FINANCE (FEDERAL)—Continued

Reconstruction Finance Corporation, loans outstanding,

Banks and trust cos incl receiversOther financial institutionsRailroads including receivers

dododo

Loans to business enterprises, except to aid in national

Other loans and authorizations

SECURITIES ISSUED

Securities and Exchange Commission:!Estimated gross proceeds total mil

By types of security:Bonds notes and debentures total

Corporate

Common stockBy types of issuers:

Corporate, totalIndustrialPublic utilityRailOther (real estate and financial)

Non-corporate total ®TJ S Government

N"ew corporate security issues:Estimated net proceeds total

Proposed uses of proceeds:New monev total

Plant and eouipmentWorking capital

Retirement of debt and stockFunded debtOther debt

Other purposesProposed uses by maior groups:§

Industrial total net proceedsNew monevjjpf irpmpnt of debt and stock

Public utility total net proceedsNew moneyRetirement of debt and stock

Railroad total net proceedsNew moneyRetirement of debt and stock

dodo

of dol

do_do _..dodo

dodododododododo

do

dodo

__do .._do

_do .dodo

. . d o . . . .

dododododododododo

Commercial and Financial Chronicle:Securities issued, by tvpe of security, total (new

capital and refunding)%. _ thous. of dol__New capital total X _ do __

Domestic, totalfCorporate tFederal agenciesMuniciDal State etc

ForeignRefunding, total t - -

Domestic total*Corporate t ..Federal agenciesMuncipal, State, etc

ForeismDomestic issues for productive uses (Moody's):

Total milCorporate"VfumVioal State ftp

Bond Buyer: State and municipal issues:Permanent (Ions: term) thous.Temporary (short term)

SECURITY MARKETS

Brokers' Balances (N. Y. S. E. members camargin accounts)^

Customers' debit balances (net). milCash on hand and in banksMoney borrowed _ .Customers' free credit balances

. . d o . . . ..do

__do.__.do

. . d o . . . .

. . d o . . . .do

. . d o . . . .do

-_do____do

of doldo ._do

of dol. .. .do. . ._

Lrrying

ofdoL.do

. . d o . . . .do

BondsPrices:

Average price of all listed bonds (N. Y. S. E.)_ dollars..Domestic - . d oForeign _ _ _ _ . __do____

Standard and Poor's Corporation:Industrials, utilities, and rails:

High grade (15 bonds) „ dol. per $100 bond..Medium and lower grade:

Composite (50 bonds)Industrials (10 bonds)Public utilities (20 bonds)Railroads (20 bonds)

Defaulted (15 bonds)Domestic municipals (15 bonds)!

. do. .. . d o . . . .

dodo

_.do____-_do____

1,033,363743, 777743. 377517, 009

15, 225211, 543

0289, 586251, 586210, 65738, 455

2,47438, 000

209, 32749,167

552

222650

102. 25102. 7074.02

122.8

114.3122.6113.0107.363.4

134.4

1,47421483

171

171419416

1,542

1,257377129156

6634211823524

879755124

643

24516977

331285

143267

40520616617910

13535

926

867,842428, 991428, 991311,710

9,145108,136

0438, 8524 9, 3513 2, 651

40, 58016,12019,500

23615383

130, 85156,461

809370498651

104. 21104.6181.64

123.9

119.5123.9116.0118.783.2

142.0

1,45321281

148

168429415

1,859

1,633495

99126

672289342

933

1,1861,053

132

703

327198129352265464025

325131171338181156

981

983, 545493, 272493, 272368, 802

0124,470

0490, 274435, 774395,174

32, 9207,680

54, 500

306210

96

138,678141,185

745

442653

103. 52103. 9280.97

124.0

119.1123.4115.3118.580.1

140.9

1,433208

51147

158459410

1,360

1,178345

34148

497399

413

5486377865

518

34412621916494502110

422326

9141

634

330

570, 721419, 510418, 510354, 302

064,208

1,000151, 211126, 46192, 85732, 920

68424, 750

23917564

67,5263,482

723

377647

103.10103. 4980.15

123.8

119.1124.0115.4117.778.8

140.0

1,327206

50147

160358406

1,088

1,0161955517

26713411320

1821742

77

261

13810137

117381860

6

13010816

111139819163

442, 219241, 757241, 757170, 349

0'71, 408

0200, 462199, 702144, 64238. 45516, 605

760

18812761

89, 389131,893

631

305729

102.15102. 5677.95

122.8

117.4123.3114.7114.365.4

137.8

1,273203

49147

158318397

1,276

1,208315

2443

383214126403

89370350

377

20216043

17036

122125

21071

133124108

17402119

561, 778363, 050363, 050266, 635

47, 26549,150

0198, 728198,72865. 208

132, 645875

0

293246

47

53, 29062, 729

583

253720

102. 46102.8877.19

121.8

115.8122.2112.9112. 362.7

136.0

1,279203

49147

165320396

1,320

1,14845712547

629540

63198

691619

71

617

511329183867466

19

5304705361183318180

761,054659, 364659, 364589, 878

069,486

0101,690101, 69086, 31613,3951,979

0

528459

69

78,194«47,388

571

238723

102.00102. 4176.89

121.6

115.9122.5112.6112.763.6

136.8

1,287201

50147

168327395

1,957

1,79966013820

818232487

4752

1,139936170

807

62355766

17397591712

22614570

48341172473512

1,011,544788, 447788, 447668, 968

0119, 479

0223, 097189, 597105, 385

33, 94050, 27133,500

649533116

175, 44910, 685

537453217693

102. 64103. 0776.18

121.5

115.9123.0111.9112.967.7

133.4

1,27018854

146

172318391

1,717

1,645249

1557

••322233453311

1,3961,170

226

316

18313845

131811138

2

229136924314293328

5

622, 874487. 806487, 229251, 532

20. 835214, 862

577135, 067135, 067102, 635

21, 50010, 932

0

261115146

228, 92977, 979

533

210687

102. 89103. 3077.12

122.6

116.3123.5111.2114.368.3

134.4

1,26818660

146

174312390

1,406

1,2891494967

26512368

866

1,141921

97

260

206105101491815165

1198822674720872

437,652258, 679248, 584118, 24834, 30096, 03510, 095

178, 97356,16230, 92424, 0351, 203

122, 811

1427171

100,18481, 067

573

217681

102. 86103. 2777.20

122.7

116.8123.7112.4114.369.3

133.1

1,29818268

144

178310415

1,686

1,618382

3928

45094

336129

1,236891344

442

28515313215211031115

905234

332223108

1292

855,196635,063614, 064309, 822

11,695292. 546

21, 000220,132191,132139, 82449, 725

1,58329, 000

36226597

353, 502146,137

576

216677

102. 95103. 3677.00

122.4

116.6123.7112.6113.666.1

132. 5

1,29017980

144

183292412

1,611

1, 454292

7582

449334

94174

1,162746400

441

2541011531838098

53

32820412293306117170

883, 559782, 831772,831375, 689

0397,142

10, 000100, 72795, 72773, 21419, 8702, 6435,000

25215597

405, 77671, 803

553

205665

102. 63103. 0676.42

122.8

116.5123.5112.7113.264.0

133.2

1,25017797

144

186232413

1,225

1,08830911226

4461702293710

779653106

437

18010971

251198

1934

7

16512931

22531

192371522

703, 418351, 770329, 770211, 877

15,170102, 72320, 000

351, 649351, 649317, 49832, 920

1,2310

24617076

r 109, 692' 29, 927

530

201652

102. 49102. 9275.32

122.9

115.0123.2112.5109.261.9

133. Qf Revised. §Small amounts for "other corporate," not shown separately, are included in the total net proceeds, all corporate issues, above.IData except for June and December are from the New York Stock Exchange.® Includes data for nonprofit agencies not shown separately.tSee note in the A pril 1946 Survey regarding revisions in data for 1944. Corrections in January to March 1946 figures shown in March to May 1947 issues of the Survey (thousands

of dollars): New capital—total and domestic total, January, 203,847; February, 122,819; domestic corporate, February, 47,616; refunding—domestic total, March, 310,674.fRevised series. The classification of Reconstruction Finance Corporation loans was revised in the November 1943 Survey (see note in that issue); the figures include payments

unallocated, pending advices, at end of month. There have been unpublished revisions in the 1941-44 data for security issues compiled by the Securities and Exchange Commissionas indicated from time to time in notes in the Survey; and revisions in the 1945 data as shown in the September 1946 and earlier issues; all revisions will be shown later. For an ex-planation of the revision in the price series for municipal bonds and data beginning February 1942, see p. S-19 of the April 1943 Survey; earlier data will be published later.Digitized for FRASER



Unless otherwise s ta ted , s tat is t ics th rough 1941and descriptive notes may be found in the1942 Supplement to t he Survey

1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


FINANCE—Continued

SECURITY MARKETS—ContinuedBonds—Continued

Prices—ContinuedU. S. Treasury bonds (taxable)t- dol. per $100 bond..

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Market value§--_ thous. of dolFace 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 _ _ .do _Foreign 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, taxable f do

Stocks

Cash dividend payments and rates, 600 cos., Moody's:Total annual payments at current rates.-mil. 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 dol._

Manufacturing doMining _ doTrade doFinance _ . doRailroads.. doHeat, light, and power . doCommunications . _ doMiscellaneous do

Prices:Average price of all listed shares (N. Y. S. E.)

Dec. 31, 1924=100--Dow-Jones & Co. (65 stocks; _dol. pershare.-

Industrials (30 stocks) doPublic utilities (15 stocks) . doRailroads (20 stocks) . do

New York Times (50 stocks) doIndustrials (25 stocks). doRailroads (25 stocks) _ do

Standard and Poor's Corporation:Combined index (402 stocks) 1935-39=100..

Industrials (354 stocks) doCapital goods (116 stocks) doConsumer's goods (191 stocks) do

Public utilities (28 stocks) doRailroad? (20 stocks). __. do

Other issues: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 thous. of doL.Shares sold thousands

On New York Stock Exchange:Market value thous. of doL.Shares sold thousands..

Exclusive of odd lot and stopped sales (N. Y.Times)-. thousands..

3hares listed, N. Y. S. E.:Market value, all listed shares mil. of dolNumber of shares listed millions—

104.1

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, 310. 25954. 65

2.423.212.512.591.982.66

77.361.26

173. 7633.9844.86

115.12195. 8534.41

119.1124. 1111.9126.4100.897.6

94.7117.0

17,483

66, 5481,829

105.3

83,43897,833

73,70691,898

84,033256

83,77777,6096,168

136, 648134, 281

2,367142,406140, 474

1,932

2.71

2.492.592.733.03

2.592.702.85

1.411.552.16

1,943.39941. 47

2.063.212.012.581.812.71

517.3288.150.033 345.932.537 813 516 2

99.177.59

207. 3242.5166 64

144. 63237 1652.11

153.2156.9142.7166.7130.4161.8

115.9136.9

1,409,68356, 794

t, 149,18035, 865

21, 717

80,9291,686

104.9

73, 74390, 590

69,45985,918

79,886181

79, 70572, 4737,232

136, 596134, 257

2,339141,407139,513

1,894

2.71

2.482.592.723.03

2.582.692.86

1.511.602.18

'1,960.85941. 47

2.083.21

••2.042.581.812.71

394.5152.1

4.329.787.217.046.348.0

9.9

95.875.02

202. 2740.9663.22

140.10231.2148 99

149.6153. 4138.9162.7127.7153.6

116.5134.7

1,223.12447, 768

1,014, 33832,188

20, 595

79,1321,719

104.1

72,69194,121

69, 34690, 244

78,010279

77, 73172,4415,290

136,714134, 441

2,273140,958139,137

1,822

2.73

2.512.622.743.03

2.582.702.89

1.581.652.23

'1,957.89941. 47'2.083.21

'2.032.581.822.71

166.378.7

.95.6

28.95.3

40.5. 2

6 2

89.673.81

199. 4440.9361.45

136. 45225. 9746.93

146.4150.4135.2159.3125.3147.1

118.7133.9

1,163,51345,915

982,46132,196

20,807

74, 3501,738

103.3

104,881167, 352

99, 647160,265

149, 259468

148, 791142, 298

6,493

136,838134, 569

2,269139,784138,015

1,769

2.79

2.582.682.803.10

2.642.752.98

1.731.752.28

1,954. 89941.47

2.083.212.032.581.822.65

455.1276.923.940.931.817.334.812.616.9

80.262.66

172. 7235.0549.59

118.36198. 4938.24

125.4128.8114.6136.9109.7119.0

107.5119.4

1,902,71781,805

1,616,63160, 438

43, 450

66,8641,750

103.6

85,870131,885

81,197125, 782

112, 738392

112,346106, 488

5,858

136,880134,644

2,236140, 245138, 520

1,726

2.82

2.602.702.843.15

2.652.763.05

1.661.842.26

2,002. 26954.65

2.103.202.052.591.882.59

342.1146. 5

4.123.051.912.445.147.511 6

79.361.10

169 4834. 5847.28

114. 00191.6536.58

122.3125.9112.4132.3107.2110.2

105.0113.8

1,296,65454, 552

1,103,15138, 919

30, 384

66,1151,756

103.7

66, 55197,458

62,10191,836

95,127225

94, 90289, 201

5,701

136,787134, 584

2,203139, 521137,827

1,694

2.82

2.592.692.843.17

2.662.773.05

1.781.802.25

2,065.80954.65

2.163.202.122.591.902.76

160.586.84.29.9

24.02.0

31.2. 3

2 1

78.561.77

168. 9435. 2349.24

114.14190. 3237.97

120.6123.8111.5130.0105.5113.3

108.5115.8

1,118,02951, 669

950, 90436, 955

23,819

65, 7411,764

103.9

121,416161,049

116, 541154,937

127, 553265

127, 288120, 544

6,744

137,165134, 995

2,170140, 793139,139

1,653

2.83

2.612.692.833.17

2.662.773.04

1.851.972.24

2,110. 73954.65

2.213.202. 192.591.902.77

963.1561.174.190.298.144.446.114.334.8

'81.663.97

174. 3851.1836.77

118. 34197.2939.59

125.5128.9117.9133.5109.8118.8

108.7117.6

1,273,03556,527

1,074,02139, 723

29, 834

68, 5951,771

104.3

100, 265136, 235

95,470130,028

125,491126

125, 365118, 519

6,846

137,006134,859

2,148140,966139,310

1,656

2.79

2.572.652.793.13

2.632.733.00

1.811.922.21

2,128.87954. 65

2.233.212.222.591.922.75

434.5160.9

2.950.092.419.448.250.110.6

82.463.78

176.1036.5549.56

119.06199.9238.21

125.2128.5117.6133.8110.7114.7

106.2122.3

1,100,00647,312

918,46332, 628

23, 557

69,6271,779

104.4

73, 249100, 247

68, 97995,349

79, 98798

79, 88974, 5305,359

137,106134,956

2,150141,033139, 373

1,660

2.78

2.552.642.793.12

2.612.723.00

1.971.992.21

2,195. 70954. 65

2.303 212.322.591.952.75

190.589.1

1.29.6

29.58.0

51.0. 3

1 8

81.165.83

181. 5437.1751.74

122. 29204 8239 77

128.7132.6121.6139.7111.4118.8

103.9125.8

1,143,78653, 518

943, 86134,109

23,758

68,8391,786

104.6

67, 52289, 587

63,18781,491

75,58235

75, 54768,8606,687

136,937134,808

2,132140, 978139,336

1,641

2.79

2.552.642.803.15

2.612.733.02

1.902.022.19

2,195. 70954. 65

2.303.212.352.591.952.66

492.5308.525.445.325.822.736.39.9

18.6

79.463.64

176. 6636.0249.15

118. 07198. 4637.70

123.7127.7117.1133.5107.3109.9

101.2122.4

927,88837, 227

770,10325, 302

19,337

67, 6081,792

104.6

68, 97494, 673

64, 39388, 961

81, 601828

80, 77374, 8855,888

137,219135, 044

2,174140, 833139,172

1,662

2.78

2.532.632.813.16

2.602.713.03

1.891.982.19

2, 224. 33954. 65

2.333 212.402.591.962.66

388.9162.7

5.935. 155.921.647.549.610.6

75.761. 04

171. 2834. 5245.88

113. 74192. 5134.86

119.3123.1113.0126.7104.6102.2

94.7118.8

979, 76645,116

825, 73032, 338

20, 620

64, 5201,794

104.5

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. IS

2, 310. 25954. 65

2.423.212.502.591.962.66

159.285.9

1.39.6

18.25.4

35. S. 3

2.6

74.459.49

168. 6733.3943.60

' 109. 67186. 5732.78

115.2119.0108.0121. 4102.095.1

95.0114.0

883, 66240,181

739, 20927, 854

20, 616

63, 6461,814

r Revised.§ Since March 18, 1944, United States Government bonds have not been included in these data.*New series. For data for dividend payments for 1941-42, except for minor 1942 revisions, see p. 20 of the February 1944 Survey; revisions in the 1942 figures shown on that page

and 1943-44 figures are on p. 31 of the February 1947 i?sue.t Revised series. Revised figures through 1943 for prices and yields of U. S. Treasury taxable bonds and a description of the data are on p. 20 of the September 1944,Survey.

Yields through December 1945 for partially tax-exempt Treasury bonds are shown in the April 1946 and earlier issues of the Survey.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


FINANCE—Continued

SECURITY MARKETS-Continued

Stocks—ContinuedYields:

Common stocks (200), Moody's percent..Banks (15 stocks) ..doIndustrials (125 stocks) _ ..doInsurance (10 stocks) doPublic utilities (25 stocks) doRailroads (25 stocks) do

Preferred stocks, high-grade (15 stocks), Standard andPoor's Corporation percent-.

5.14.65.03.55.17.3

3.76

'3.63.73.43.13.94.8

3.46

3.73.73.53.23.95.2

3.43

3.93.83.83.24.25.6

3.44

4.44.04.13.64.66.5

3.57

4.43.94.33.54.76.3

3.65

4.64.04.43.64.86.9

3.70

4.53.94.43.54.66.6

3.76

4.54.24.43.34.66.6

3.74

4.74.24.63.34.76.8

3.71

4.84.44.73.44.96.8

3.72

5.14.65.03.64.97.3

3.75

5.34.65.33.75.07.5

3.76

FOREIGN TRADE

INDEXESExports of U. S. merchandise:

Quantity 1923-25=100..Value .doUnit value do

Imports for consumption:Quantity __. . -doValue doUnit value do

Agricultural products, quantity:!Exports, domestic, total:

Unadjusted ...1924-29=100 _.Adjusted _ do

Total, excluding cotton:Unadjusted doAdjusted do

Imports for consumption:Unadjusted doAdjusted d o —

SHIPPING WEIGHT*

Exports, including reexports mil. of lb_General imports _.__ do__.

VALUE§

Exports, total, including reexports.. thous. of dol__Lend-lease* do

By geographic regions:Africa doAsia and Oceania doEurope doNorthern North America doSouthern North America doSouth America -do

Total exports by leading countries:Europe:

France doGermany doItaly doUnion of Soviet Socialist Republics (Russia)..doUnited Kingdom . .do

North and South America:Canada - doLatin American Republics, total do

Argentina doBrazil doChile ._ do.._-Colombia* _. doCuba doMexico. doVenezuela* .do

Other regions:Australia . . . doBritish Malaya .__ doChina doEgypt doIndia and dependencies doJapan . .doNetherlands Indies doPhilippine Islands doUnion of South Africa do

General imports, total--. doBy geographic regions:

Africa -doAsia and Oceania. doEurope. - . . . .doNorthern North America doSouthern North America - . . . doSouth America do

330

148

30, 84012,716

1,241,726276

466,019

220230105

12411695

118161

173210

19, 2759,679

877, 68357,194

42,166157,933370,099117,80488, 859

100,823

62, 5777,983

37, 23448,09062, 919

114, 925180, 27213, 62227,1927,43715,10622, 77942, 48120,124

5,854412

58,1393, 49.419, 84116, 9779,49425, 65222,007385,943

20,05078, 20866,95668,37555, 64996, 697

202217108

13913295

107153

156187

94112

23, 53412,490

825, 57037, 092

31,832130, 312379, 853123,83677,09482, 593

52, 79611, 09840,14638,07973,160

121,198151. 90314, 62826,1245,64510,99817, 23138, 20913, 315

7,3782, 052

42, 2201,891

17, 20216, 94610, 51221, 25115,645

433, 758

26,954101,32870, 51180,50669,20785, 250

218231106

130130100

95128

127131

112

24,64811,623

883, 29333, 809

43, 789137,854354,879137,08096,168113,224

46, 38215, 63631,00442, 67170, 755

134, 236199,48619, 79733, 2337,73016,38224, 75244,16619, 990

5,420809

39,9533,01015, 73820,28610,74917, 82325, 219425, 413

33,75690, 80663,07578, 01862, 48997, 533

154168109

120118100

10187

89101

21,07811,419

642, 71112, 477

27, 55399,470234,137135, 65179, 293

27, 5308,51821, 65112, 53166, 812

133, 784137,16613,06420,0475,7349,12414, 88445, 74411,093

5,114472

24,6702,11716, 76314, 2172,04018, 01913, 896

377, 564

20, 21086, 59358, 27381,30551,99479, 753

127142112

120124104

17, 28010, 571

536,6147, 587

16, 08167, 263168, 352158,20273,39553, 313

21,1902,3314,42411,10646,097

156, 252121, 39211, 95320,0913,6053,01013,14151, 5728,075

7,096803

19,0941,67814,1453, 5983,2888,3537,063

394,034

24, 66278,12463, 96890, 34052,31084,331

226260115

142147104

10276

136113

108117

18, 90610,904

987, 9128,557

53, 070121, 680388, 288157, 786120, 557144, 489

67, 49211, 68931,05616,039102, 586

153, 547252, 30629, 37947, 7607,47114, 21236, 43950, 33127,321

6,213779

35,4413,26115, 42812,4163,31125,40134, 358481,794

123, 40476, 25888, 07461, 094104,496

249291117

146156107

10890

160142

109112

17,44410,767

1,096,5267,201

46, 463208, 207362,113156, 202143,415180,777

54,66910, 94331,84614,07874,035

152, 752306, 29737, 85051,13811, 67221,12338,14357, 55431, 250

9.1402,57954,5902,85828,4356,3638,06958, 64623, 282535,832

22,978139, 23688,87793,09776, 938114,707

245294120

156168109

142144

141132

19, 74112, 305

1,114,4528,357

56, 357160, 783436,918149,080142, 223170,140

70, 81012, 61541,16824,671111,771

146,298292, 82831,97652,83511,79621,26639,43951,01127, 676

16. 7482,10335,9213,857

26, 5833,62711,80730, 21029, 312532, 986

29, 205152,82776, 31382,97975, 061116, 600

251305121

118133113

109128

158190

10096

20, 81510, 712

1,150,8313, 483

52, 512177, 270457,138150, 419140, 675174, 908

77,1039,595

45, 03215, 780103, 243

145,679287, 33636, 05556, 3409,12615, 22036, 49950, 41935, 902

8,3073,374

39, 7203,67725, 9432, 5395,43753, 00227, 719434, 778

21,172100, 58960, 04475, 52476, 932100, 516

350123

116136117

111128

162189

24, 26212, 286

,327,3051,710

73, 768213, 638483, 697185,146144, 662226, 394

73, 08113, 70449,1897,232

117, 354

181,351351,18766, 46465, 44511, 48119,93037, 22762,51530, 623

19, 5625,769

37, 3704,576

43, 4483, 57911, 28642, 93740, 000

444, 327

19,15998, 21749,67791, 64193, 45492, 120

274344126

123151124

141168

25, 69312,441

.,298,6022,037

68, 706177,172496,059188,353152,356215,955

76, 43214, 90055,3529,28193, 438

181, 511350,41349, 46461, 2409,919

21,23447, 57757, 00246,138

14, 2714,17226,1755, 537

38, 529283

9.77932, 04034, 656511,802

30,079100, 74465, 58390,932112, 659111,805

296'378128

121'142119

95117

150171

102105

31,57512, 792

,422,8783,800

86,806219, 997517,095210,305148, 641239,184

88.12317,89146,81927,11694, 512

203, 653369,65971,65368, 53512,38723,46742, 72556, 86239,118

24,4587,14541,3956,76541,6762.06316, 79833,06641, 763

'473,575

19, 795120,83058,40787,81786,026100, 701

' Revised.§ 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. Export statistics

include lend-lease exports shown separately above, shipments by UNRRA and private relief agencies, and since June 1945 comparatively small shipments consigned to United StatesGovernment agencies abroad; shipments to U. S. armed forces abroad are excluded. Revised 1941 figures for total exports of U. S. merchandise and total imports are shown on p. 22of the June 1944 Survey; revised figures for 1942-43 for the totals and revised figures for 1941 and later data through February 1945 for other series will be shown later.

*New series. Data on shipping weight of exports and imports are compiled by the U. S. Department of Commerce, Bureau of the Census; they represent gross weight of mer-chandise exports and imports, including weight of containers, wrappings, crates, etc. Data beginning January 1943 will be published later. See p. 32 of the February 1946 Surveyfor annual totals for lend-lease exports for 1941-45; complete monthly data will be published later; all supplies procured through lend-lease procurement facilities are shown as lend-leaseexports although, since the program officially ceased to operate at the end of the war, the recipient nations have, with few exceptions, arranged to finance them prior to the exportationof the merchandise. Monthly data prior to February 1945 for Colombia and Venezuela will be shown later.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


FOREIGN TRADE—Continued

VALUE §—Continued

General imports—Continued.By leading countries:

Europe:France thous. of dol._-Germany ...doItaly -doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada ...doLatin American Republics, total -do

Argentina doBrazil doChile doColombia* doCuba doMexico doVenezuela* -do

Other regions:Australia doBritish Malaya doChina.._ doEgypt doIndia and dependencies -doJapan - doNetherlands Indies doPhillippine Islands doUnion of South Africa do

Exports of U. S. merchandise, total doBy economic classes:

Crude materials -doCrude foodstuffs doManufactured foodstuffs and beverages doSemimanufactures ___doFinished manufactures do

By principal commodities:Agricultural products, total do

Cotton, unmanufactured doFruits, vegetables and preparations doGrains and preparations. doPacking house products do

Nonagricultural products, total.._ doAutomobiles, parts and accessories doChemicals and related products doCopper and manufactures ___ doIron and steel and their products .doMachinery do

Agricultural doElectrical __doMetal working _ doOther industrial do

Petroleum and products doImports for consumption, total do

By economic classes:Crude materials doCrude foodstuffs doManufactured foodstuffs and beverages doSemimanufactures _ doFinished manufactures _ do

By principal commodities:Agricultural, total do

Coffee doHides and skins doRubber, crude, including guayule... doSilk, unmanufactured ...doSugar ...doWool and mohair, unmanufactured ...do

Nonagricultural, total doFurs and manufactures doNonferrous ores and metals, total do

Copper, including ore and manufactures .doTin, including ore do

Paper base stocks _ doNewsprint doPetroleum and products do

1,228,295

472,644

4,80424

8,0997,225

15,230

66, 548147,96817.47140.4729,9759,783

26.62016,1848,041

7,9494,6499,9461,05917.62114, 689

6642,5979,717

858,033

'122,43579,193134, 521' 76, 731445,153

304,63152,81227, 76088,64648, 214553,40243,46346, 4242,952

35, 709125, 55311,96725.38117,17666, 26239,134

'371,686

"-121,08768,63640,148

* 77,053' 64, 762

••174,97746, 7794,1226,744

19,68315,14420,017

••196,70919,57220,0354,6395,146

13,96717.38211,320

6,44118

6,6717,823

12, 405

76,607147,31614,12827, 2908,149

14,45333,15120, 2828,373

18,48511, 79212,656

6519,46711,0952,7734,40214, 641

807,478

120,12253, 988165,15771, 279396,933

291,84050,42524, 57165, 54247,365515,63838,29740,0572,73835,345119,19414,10424,98516,34358,01635,903

••422,018

••163,01553,10152, 71184,63768,026

"• 190,01431,8447,149

14, 54814,26723,88028,530232,00430,50324, 5847,9076,26119,58821,36215,127

6,12423

6,2827,72111,512

74,715154,03713,91245, 9853,41813, 04825,36018, 39110,324

15,0418,2847,0612,89217, 53412,3782,4863,63615, 990

860, 405

138,55753, 340116,81581.383470,012

253,94758,85817,91162, 28435,280606,16051,62743,8273,53445,639137, 50417, 07432, 26015,35866,58843,135415, 371

152,20172,19343,43078,01868,426

201,65747,8866,657

19, 65412,63116,15925,411

213, 525' 22, 766

21,6834,9456,036

15,35720,92515,124

5,245149

4,5712,786

14,177

77,000125,29910, 90829,8704,754

14, 22419, 74914, 92211, 507

17,13914,4798,0411,345

20,5932,7803,2923,338

14,443626,942

115,58939,11881,56461,287329,385

187,24434,31613,66651, 54319,263439,69842,81730, 2571,994

30,83483, 72412, 04418, 5817,977

41, 37235,014378, 364

133,79260, 76138, 59976, 26268, 781

178,73036,8167,072

22, 5373,21112, 05223.459199,4648,36317,3646,513

89814,02620,80115,289

7,29841

5,1337,139

10, 269

88,167132,73913,90730,049

7,26311, 64423,93618,14013, 644

12, 71019, 7957,1231,7799,2902,2766,6093,635

13, 904528, 631

93,60129,00842,15050, 760313,245

121, 47516,99711, 52329,6434,338

407,28939, 80427,3911,205

26,75689, 67312.67723, 6089.477

39, 25327, 576396, 729

136,98959,01239, 27687,01773,819

176, 08432,0807,724

25, 562745

10. 38420,160220,469' 15,33925,4458,9693,80015,24522,83013,290

7,372403

9,5441,809

18, 476

84,110159, 77623,01637, 7926,71916, 55029, 27619, 9849,973

11,82219,0935,1837,05827,61814,3075,6605,89110, 363

967, 476

173,18351, 340107, 72582, 914551, 961

290, 47870, 56219,42871, 49413, 377

675,19775,97444,6514,82744,843148, 27316, 29435, 49014, 57474, 23736,007470, 239

161,75777,31347,35288,12895,192

229, 34643,90911,59530,93413,92215,41319, 441

240, 80914,17926, 5359,5804,21713,02126,31812,981

8,610125

8,00415,94414,224

90,187185,610

37,2778,77020.14236,16823,44110,523

7,72415,34711,5933,31224,94425,9178,04411,1959,064

1,083,238

135, 23168,347149,720105,381624,559

321,00257,43744,18496,34419,272

762, 23670,81657, 1116,256

51, 236154,43818,60040,60514, 54271, 20441,513497,550

169,04691, 25948,078101,14588.021

252,38150,43310,25625,57824,24717,03517,111

245,16924,66232.14312,5112,77814.02225,91614, 753

6,167252

5,3929,00616,892

79,278183,57916, 38251,4824,64818,17627, 55325,02414,201

14,14849, 77215,5721,068

27,9018,4454,54510,9658,629

1,094,442

133, 87962, 515132, 503114,370650,630

290, 35147, 71336,02689,22418,535803,47972,35952,4246,18457,157166, 33319, 34438,11919,86779,15537,137537, 669

210, 514112, 20738,04295, 66981,269

308, 91462,8968,65551,2055,94318,12222,665

228, 70914,79629, 7427,3433,76218,20823,76319, 379

3,53170

3,276817

19,020

74, 274169, 91616,90037, 5044,931

18,35134, 07721,36113,711

8,51628, 89113, 2061,354

19,4873,7621,8929,7794,715

1,132,221

139, 64065,807

136, 606115,595

' 673,339

'300,67660,97232,711

110,70518,124

'829,68074,74853,5334,979

52,116162,94919,14840,97914,03180,19448,532

423,350

128,83886, 03943, 27990,92574,271

226,22656,8496,38832,3882,884

26,91217,697

197,1844,434

27,5688,6251,46618,08721,00418,429

4,502218

3,3141, 24511,200

89, 755175,8328,767

29, 3678,18620, 25942, 80123,42917,072

16, 81315, 69910, 271

61022, 059

7752,519

17, 0575, 672

1,304,499

149, 57681, 225135, 941147, 032790, 493

316, 25460, 74827, 332120,38519,692

988, 24595, 87567,4056,625

70, 237191, 36524, 64948, 57517,80888,84450,192

434, 483

123, 58790, 23751, 27493, 73975, 647

230, 26554, 2065,670

19, 9921,109

34, 86122, 586

204, 2186,648

25, 4799,026

915,90625, 98721,620

5,073531

3,8256,255

18, 099

89, 442215, 29213,29442, 73411,80518, 51561, 23822, 26313,733

15,91821,1645, 955936

19, 218813

2,78015, 8755,297

1,280,408

129,81581, 472129, 279145, 796794, 046

279, 72045, 58819, 086125,12521, 206

1,000,688104, 68467,9275,935

71, 789202, 05228,81847, 43718, 45795, 54953, 928

483, 646

133, 699109, 75067, 69195, 50277, 003

268, 60266, 599r 5, 97723, 937

4350, 78021, 338

215, 0447,085

30,1078,0742,41017,18727, 04820,309

3,856766

3,6734, 46616, 824

85, 072176, 33018,83926, 76314,12014, 47744, 58617, 46613,134

15, 20643, 21211,917

95413,234

8042,584

17, 8968,207

'1,408,487

143,42480, 031144, 528171,308869,196

289,17841,13421,457126,89532, 807

1,119,309114, 90777, 9687,11179,012

246, 33031, 23355, 64021,129124,18859, 931

455, 400

160,06661,18553, 962103, 49476, 740

233,12132,0207,261

47,83757

34,31120, 893

222, 3279,187

35, 78916, 571

85320,52128,66721,879

TRANSPORTATION AND COMMUNICATIONSTRAN SPORT ATION

AirlinesOperations on scheduled air lines:J

Miles flown, revenue thous. of miles..Express and freight carried thous. of lb._Express and freight ton-miles flown* thousands. _Passengers carried (revenue) ; number..Passenger-miles flown (revenue) thousands. _

Express OperationsOperating revenue ..thous. of dol__Operating income do

Local Transit LinesFares, average, cash rate cents..Passengers carried! .__ thousands..Operating revenuesf thous. of dol..

8.05801,478,911

26, 7018,7442,390

1,094,982558,839

25,626

7.8835,580,541

115,800

27, 9659,9242,669

1,163,349565, 731

25,79873

1,580,540 1,555,2507. 9306555,250

114, 300

28, 95812,0113,173

1,301,161619,136

26,134

7. 97221,569,230

115, 700

28, 24315, 0303,644

1,241,438608,196

26, 41073

7. 98051,539,190

112, 900

28, 30118,3114,623

1,149,481553, 405

28,08469

7.98321,645,700

121, 400

25, 04616, 4354,390

979, 666465,015

28,32787

7.98321,591,280

116, 500

27,17324,0216,321

999,167503, 478

31,223

7.99151,627,260123, 600

22, 50212,3313,602

725,141376, 339

25,83855

8.01651,627,630

119,800

22, 51212, 6153,827

740,206368, 017

25,35579

8. 02201,481,063108,700

25,46417,4495,116

972,899

25,64561

8.02751,607,269116, 200

25, 31817, 2354,788

1,076,848519, 516

25,11250

8. 04141,591,152118, 200

25,08264

8.05801,605,975120,100

r Revised. §See note marked " § " on p. S-20.*New series. Data prior to February 1945 for imports from Colombia and Venezuela will be shown later. See note marked "%" regarding the new series under airlines.fRevised series. Data for local transit line revenues beginning in the April 1944 Survey and passengers carried beginning in the May 1945 issue are estimated totalsf or all local

transit lines; revised data beginning 1936 will be published later.{Data have been revised to exclude operation of feeder lines and to include Colonial airlines formerly excluded and, for passengers and passenger miles to cover revenue passengers

only. Revised earlier data, including data for the new series on express and freight ton-miles, will be published later.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S-22 SUKVEY OF CURRENT BUSINESS August 1947

Unless otherwise s ta ted, s tat is t ics th rough 1941and descriptive notes may be found in t he1942 Supplement to the Survey

1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION—ContinuedClass I S team Railways

Freight carloadinss (Fed. Reserve indexes):Combined index, unadjusted .1935-39=100 _

Coal doCoke do. __Forest products doGrains and grain products doLivestock doMerchandise, 1 c 1 - doOre -- doMiscellaneous . - do

Combined index, adjustedf - doCoalt doCoket doForest products __ -do __Grains and grain products! do. __Livestock! doMerchandise, 1. c 1 - do __Oret doMiscellaneous! do

Freight carloadings (A. A. R.):<g>Total cars „ thousands

Coal ._ _ do . .Coke doForest products doGrains and grain products doLivestock . doMerchandise, 1. c. 1 __ __ _ _ . _ doOre., __ do___Miscellaneous do

Freipht-car suplus and shortage, daily average:Car surnlust thousandsCar shortage* do

Financial operations (unadjusted):!Operating revenues, total thous. of dol__

Freight _. doPassensrer .__ . do . .

Operating expenses doTaxes, joint facility and equip, rents._ ._ _ doNet railway operating income . __do_. _Net income - do

Financial operations, adjusted:!Operating revenues, total - mil. of dol

Freight . doPasseneer _. __do__ .

Railwav expenses doNet railway operating income . . _ doNet income do .

Operating rpsnlts:Frpicht carripd 1 mile mil. of tonsRevenue per ton-mile . centsPassengers carried 1 mile . millions

Waterway TrafficClearances, vessels in foreign trade:©

Total IT S ports thous. net tonsForeign doUnited States do __

TravelHotels:

Average sale Per occupied room __ dollarsRooms occupied _ percent of totalRestaurant sales index avg. same mo. 1929=100-.

Foreten travel:XT S citi7pns arrivals numberTT S cif!7pns dpDarturps doEmigrants do

Passports issued cf doNational parks, visitors _ numberPullman Co.:

Revenue passenger-miles thousands.-Passenger revenues . . _ thous. of dol.

COMMUNICATION STelephone carriers: 1[

Operating revenues thous. of dolStation revenues doTolls, message _ _- do _.

Oppratins? pxppnses doNet operating income doPhones 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_.Cahle carriers do

Net operating revenues doNet income trans, to earned surplus do

Eadiotelegraph carriers, operating revenues do

1421411701511438773

28614613714117314514010874

184142

3, 543708

5418820049

464324

1,555

1115

696,909556, 88984, 787

550, 0578C\ 65160, 201

4.7593

248

21, 831902, 034

13714613815512896

' 8 0213139133146140149

'12511881

137135

3,436725

45193

••18254

'510246

' 1, 482

187

611,998458, 539106, 605517,363'56.810' 37, 825

14, 620

638.7488.6102.9586.152.619.8

53, 524.921

5,387

7,2022,1795,022

4.2094

250

27,00927, 7082,166

13.45121,802

621, 794

1,774,79710,951

190, 708104,15371, 898

143,15323,61427,340

16, 67715, 521

6221,156

13, 5251,242

8711,661

143145172153166135

7826314213914517715313916678

164141

3,407668

52181228

74471289

1,444

514

674,040513,252112, 383542,16469.06962, 80632,051

650.8500.0103.0602.5

48.316.1

55, 236.989

5,720

7,5093,0294,481

4.2389

232

29. 32734. 201

2,90713.65122.437

1,075,421

1,666,97010,373

192,187103,58973,777

154, 21418,35927, 608

17, 91516, 673

6381,242

14,5251,155

7001,618

145152177165142113

77243146141152184157131118

77162145

4,478925

7025425580

611347

1,936

324

710,224546,130112,115555, 89272,63881,69352. 544

664.3512.6100.0613.3

51.018.4

59, 466.979

5,712

8,0253,3234,701

4.4596

254

33, 38734,281

1,88410, 98818, 505

1,152,584

1,637,26110, 470

194,230103, 72675, 726

152, 34620, 84627, 908

17, 57316, 437

5941,136

19, 838* 1621d S, 089

1,667

149160181166140120

792451501381601831541259175

164139

3,517743

5519719163

477269

1,521

221

660, 402515,62395. 361

529, 79863. 24167, 36239,070

672.8528. 595.7

604.668.236.5

56, 399.975

4,927

6,2202,7753,445

4.3394

236

34. 40927,9531,764

10, 86914,536

695, 958

1,499,6179,903

191,642105,05471,612

147,63621,17128,156

16,56815,372

6101,196

15,453d 865

* 1,1981,517

14915518015414219782

216151139155183146142128

79157139

3,680755

57192200112519249

1,597

231

709,938566,96889. 345

5.58, 42466, 39585,11957, 280

663.1521.891.3

606.057.124.8

60, 848.988

4,466

4,9862,9592,027

4.3695

226

29. 63924, 755

8729,563

14,470271,570

1,408,9129,458

200,127108,87275, 978

154,86422, 39128, 463

17,59016, 275

6201,315

15,673<* 289d 6141,641

141117166148144171

8416915413711716615114713683

157148

4,22071264

222248117642240

1,974

1233

6*58,160522.806

85, 510536,081

58,00564,07438,066

663.0524.389.4

601.261.829.4

54,8731. 0074,267

6,8432,7294,114

4.4490

241

29. 59731,178

3,0909 739

13,500118,066

1,165,4088,429

196,489107, 775

73,343151,471

22, 50428, 754

16,65315, 380

5951,273

14,4666

dSl1,607

131132163139152118

7845

13914013215515616212281

145148

3,02259948

166207

63473

491,416

1624

637, 241493. 531

92, 716549, 828d 15, 581102, 99588, 775

658.1520. 591.0

523.0135.198.0

52, 712.997

4,543

5,7682,0093,759

4.1684

208

30.92337, 782

11, 21814, 18687,287

1,149,3139,059

203, 627110, 477

77, 363159, 27223. 87829, 067

17, 94816, 553

7171,395

15, 549698320

1,990

138163184147157118

7444

139150163175163157123

77176152

3,168759

5616721668

44548

1,409

420

685, 541551,05082, 450

538, 96888, 85557,71828,822

698.3559.086.0

623.874.541.8

57,0191.0344,120

6,2222,3783,844

4.2590

214

17,98997,348

1,378,28410, 214

203, 553111,64976,009

157, 46420,45529, 249

17,68816, 330

5991,358

14,863590138

1,714

133149182159144897443

136142149171166147110

76172145

3,179736

5819520249

46149

1,430

331

635, 940518. 61570, 766

509, 38083, 41543,14614,382

696.4564.878.4

630.965.432.7

51,8331.0703,486

6,2962,4553,841

4.3792

213

18,468122,349

1,160,6468,677

197,097109, 98271,051

149, 04822,06829, 564

16. 23314,984

5341,249

13, 50352068

1,642

137147182159146967950

144146147180159159121

78171151

4,170917

73260265

67620

691,910

336

717, 826592,18671,411

649. 36895. 67672, 78243,147

723.05fe4.672.2

641.881.148.1

59, 4851. 0553,529

6,8702,7534,116

4.3792

214

20. 294137,189

1,179,7848,857

207,168112,80678,111

157.19823, 62529,874

17, 53016,134

5711,396

14, 2981,093

8731,775

1341191691481339880

157145137119173148151111

79184147

3, 23354753

18319154

505164

1,536

1220

689, 456564. 807

70, 414543, 301

87, 74558. 41032, 580

684.9555. 872.9

637.447.6

'15.2

53, 9351. 1153,489

7,6153,2914,324

4.8692

240

20,166205, 603

1,063,8678,094

154, 63297, 75440. 943

132, 9735,887

30, 448

23, 26421, 892

5341,372

16, 6444. 3992,6761,609

1441551831541219476

267146142155185148138104

76184145

4,376922

7223321366

593369

1,909

515

724, 432591, 68777, 349

557,31891, 38575, 72946,360

698.0565.378.2

633.264.832.5

60, 00$1.0553,729

9,646-4,3675,278

4.4692

244

20, 962442,191

1,060,8118,018

611

16. 3872,1401,0621,637

r Revised, d Deficit. ® Data for August and November 1946, March and May 1947 are for 5 weeks; other months, 4 weeks.% Revised data for May 1946. $36,029,000 deficit.O Data continue series published in the 1942 Supplement; data for December 1941-February 1945 will be published later. <? Passports to American seamen were included for

the period February 1942-July 1945. 5 Data relate to continental United States.§ Compiled on a new basis beginning 1943; see April 1944 Survey for 1943 data and reference for revised 1942 data.•New series. For comparable data beginning 1943 for car shortages and surpluses and an explanation of a change in the latter series, see p. S-21 of December 1944 Survey.fRevised series. See note marked " * " regarding car surpluses. Revisions for 1939-July 1942 for the indicated indexes of car loadings are available on request. Revisions for

January 1937-February 1943 for the adjusted series for financial operations are available on request.• Data have been revised beginning in the May 1947 Survey to include all revenues from cable operations; figures shown previously include only transmission revenues.


August 1947 SURVEY OF CUEEENT BUSINESS S-23


1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ber


CHEMICALS AND ALLIED PRODUCTS

CHEMICALS !

Inorganic chemicals, production:*Ammonia, synthetic anhydrous (100% NH3)®

short tons__Calcium arsenate [100% Cas(AsO<)2] tbous. of lb_.Calcium carbide (100% CaCa) short tons__Carbon dioxide, liquid, gas and solid (100% 002)0"

thous. oflb.-Chlorine short tons..Hydrochloric acid (100% HC1) do .—Lead arsenate thous. of lb_.Nitric acid (100% HNO3)® short tons..Oxygen mil. cu. ft..Phosphoric acid (50% H3PO4) .short tons._Soda ash, ammonia-soda process (98-100% Na2 CO3)

short tons..Sodium bichromate doSodium hydroxide (100% NaOH) doSodium silicate, soluble silicate glass (anhydrous)*

short tons__Sodium sulfate, Glauber's salt and crude salt cake

short tons__Sulfuric acid (100% H3SO4) do

Organic chemicals:Acetic acid (syn. and natural), prod.* thous. of lb_.Acetic anhydride, production* doAcetyl salicylic acid (aspirin), production* doAlcohol, denatured:!

Consumption (withdrawals) thous. of wine gaL.Production doStocks do

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

In industrial alcohol bonded warehouses doIn denaturing plants do

Withdrawn for denaturing - doWithdrawn tax-paid do

Creosote oil. production* thous. of gal._Cresylie acid, refined, production* thous. of lb_.Ethyl acetate (85%) production* doGlycerin, refined (100% basis):*

High gravity and yellow distilled:Consumption doProduction __doStocks do

Chemically pure:Consumption . doProduction __ _doStocks do

Methanol, production^Crude (8(1%) thous. of ga l -Synthetic (100%) do

Phthalic anhydride, production* thous. of l b . . .

FERTILIZERS

Consumption, total* thous. of short tons..Midwest States* .doSouthern States© do

Exports, totalt long tons..Nitrogenous t doPhosphate materials! doPrepared fertilizers! do

Imports, total! doNitrogenous, total!... do

Nitrate of soda! doPhosphates! do .Potash! do

Price, wholesale, nitrate of soda, crude, f. 0. b. cars, portwarehouses© dol. per 100 lb_-

Potash deliveries __.short tons..Superphosphate (bulk):f

Production doStocks, end of month __ ___do

MISCELLANEOUS

Explosives (industrial), shipments ..thous. of lb._Gelatin:!

Production, total*. doEdible! do. . .

Stocks, total* do—Edible! d o —

Sulfur:*Production _ long tons..Stocks do

13,67714, ISO1,981

23,79227,03525,341

1,60426,0592,377

34080

260

802,128855,352

51,048

3,8472,9016,3742,787

359,3133,456,082

60, 6094,116

43,124

78,54596, 42027, 4384,874

55,418869

67, 717

308, 6236,285

148, 741

35,020

58, 200724,766

25,88342, 546

676

14, 64512, 3828,965

18, 600110,53937,01473, 52522, 8343,579

10, 3691,9036,542

6,8655,319

16, 591

5,3797,634

21,894

2365,8787,739

30866

24285. 78313,62968, 202

313114,554105,132

83, 5562,210

0

1.65077, 868

642,983667,144

47,122

3,1222,0386,1192,652

304, 4723,861,525

65,0486,438

48, 716

88,13798, 31427, 960

1,84857, 066

90465,858

361,0566,864

160, 347

39, 224

55, 669728,546

26, 20644, 521

572

14,77014,8319,642

16,61998, 54534,23964, 30627, 3774,684

11,1802,1819,877

6,1754,118

14, 821

5,2495,558

21,122

2386,7538,921

368159208

110, 51919, 80183, 362

53472,40959, 59828,279

0

1.65073, 575

679,777740,853

42,190

2,7501,9325,8182,628

347,936

75, 7948,081

53, 399

96,571102, 55029,519

25359,1441,008

74, 574

364,1787,254

163,615

36, 915

56,988753,817

26,93539, 954

460

17,61016, 0448,082

19, 98186, 47431, 78854,68629, 2675,733

12,1362,3398,122

6,2865,211

13, 234

5,7456,864

22, 017

2346,8238,467

367144223

101, 53913,17080, 474

77658,34551,89113, 5213,040

0

1.92572, 34S

701,522720,517

47,327

3,1422,1664, 9582,180

356,355

77, 4922,60853,940

78, 786104, 20629, 7891, 62454,136

99773.795

358, 6286,601

164, 652

34,714

57, 346755,378

24,46441, 209

574

18, 94616,0195,131

17.79672, 36828, 77943, 58929, 2744,36412, 7442,2847,334

6,0894,621

12, 805

4,9246,59422, 539

2186,5929,334

559158401

80, 8627,388

63, 394809

69, 26663, 87711,7161,463

0

1.92569, 690

721, 475709, 781

50, 307

2,9471,9004,7262,315

335, 300

80,8291,916

57, 074

74, 890108,17432, 3942,259

61, 6861,062

80, 673

382,0267,066

168, 708

41.188

63, 683822,833

27,66246, 376

710

21, 29118,9132,744

18, 74358.18929, 51228, 67634,9385,28413, 5702, 4568,745

5,3954,63812, 207

5,8206,13621,130

2646, 5939,276

58463522

95, 7962,871

86, 791253

80,94167, 57326, 9297,809

0

1.92570, 263

754,215667, 912

51,187

3,2021,6523,8641,743

333, 041

80, 3801,330

55, 312

62, 04897,13530,150

2, 86563. 277

1, 00682,020

368, 3027,176

153,275

34,442

52, 494838,040

27, 71845, 033

1,010

19, 74419, 6252,633

18, 02542, 35126,75115, 60036, 0865,202

13, 0272,100

10,170

5,2445,832

12, 709

5,2635,126

18, 054

2506,674

11, 246

52982

44883, 544

3,43070, 2542, 125

64,43455, 71223,1413,446

0

1.92572, 770

750, 940736, 357

45, 300

3,3112,0553.9991,824

355,179,874,808

82,123754

51, 830

56, 787102, 628

30, 7143,726

62, 4601,028

79, 788

385,3696,665

165,186

32, 479

64,878878,078

31, 72548, 703

965

17, 41617, 0142,200

20, 51832,80025, 7457,054

31, 2003,910

13, 4811,8179,602

5,9787,431

15,163

5,7916,042

18, 392

2216,505

10, 994

928195734

104, 3365,577

83, 7524,720

39, 92825, 096

1,3276,835

18

1.92581, 044

783, 275796, 677

45,147

3,6562,2594,8572,299

351, 0283 769 368

85,1211, 765

50. 675

60,491110, 08835,1444,923

64.1381,101

78, 892

380, 5896,979

173, 449

39,991

66, 275888,912

35,15249,157

925

14, 63614, 6702,211

22, 39830, 22622,939

7, 28827, 775

4, 35014, 0382,094

10,185

7,0227,386

14,102

6,9637, 662

17,941

2767,145

11, 687

' 1, 459239

r 1, 22089. 47410,85464,1471,914

50, 02040, 72810,029

4040

2.04598, 555

830, 752815,611

47,092

3,8582, 5085,5482,878

321,415

85, 6631,543

45, 411

49,858101,717

33. 9663, 691

62, 1931,010

74, 926

350. 6345,954

156, 786

35,884

63, 208835,163

30, 67045, 6621,024

12,36111, 6051,423

18,98630. 95421, 5739,381

21. 4093,260

14, 6802,1427,084

6,8008, 234

15, 340

6.1388,573

18,106

'2306.681

10,847

1, 225182

1,04298. 94521,61666. 4012,448

51.94340, 8519,3583,759

0

2.07577, 839

824,578750,550

45, 017

3,7932,4075,7892,866

298. 5653,704,059 3,667,729

95,8591,221

52, 466

62, 449117, 03936, 9934,481

64, 6471,218

89,050

383, 7537,129

179,400

42,120

70, 059931, 237

33,62054, 206

832

12, 59412, 6831,520

19, 45628, 89122, 6766,21523, 6223,17514, 6962,2347, 902

7,4078,746

17, 544

6, 5558, 45018, 875

6,11,

244991690

1,120

9220,58,

1,

160960213851802449

116, 166103. 70465, 886

3, 579897

2.07595, 229

888, 875645,412

46, 444

3, 9542,2376,0782,988

350, 307

93,0072,32051,830

81,330109,05034,6375,470

64,2881,14682,452

367,8477,089

50,267

69,947865,447

30,37653,0861,043

13,46913, 6731,712

23, 55626, 85324,8002,05325, 2262, 55514,2712,4365,984

8,1277,65118,135

6,1398, 53119,137

2846,2069,605

954166788

132,89530,22689, 765

987145, 266117,10271,7384, 34613,301

2.07584, 207

"863, 787'599, 529

46,038

3,7002,4056,3692,922

333,531

97,1075,49256,286

96.487118, 28436,4063,71764,8261,188

82,655

396,2827,474

179,142

39, 726

74,473888,304

14,07713,8921,524

28.08229,34127,4721,869

25, 6752,170

7,4286, 60619,151

5, 9579,18120,789

644138505

141,78836,03794,580

636138,060108. 98880, 5554, 69611, 250

2.075

r892,045681, 235

51,296

4,1173,0286,4883,059

377, 218

' Revised, d* Data have been shown on a revised basis beginning in the March 1945 Survey.• Data were revised in the September 1945 Survey; see note in that issue. O For a brief description of this series see note in April 1946 Survey.® Data for nitric acid and ammonia include 2 additional plants beginning June 1946 and for the latter 1 additional plant beginning August 1946; see note in February 1947 Survey© Excludes data for Mississippi, which has discontinued monthly reports, beginning in the October 1946 Survey.§ See note in the April 1946 Survey with regard to differences between these series and similar data published in the 1942 Supplement to the Survey.!The indicated series, except data for alcohol stocks in denaturing plants (available only beginning 1942), continue series published in the 1942 Supplement; unpublished data

for 1941 or 1942 through February 1945, and corrected data for 1937-July 1945 for nitrogenous and total fertilizer imports, will be shown later. See also note marked " • " on p. S-24of the February 1947 Survey for further information on the series for ethyl alcohol and production of spirits at registered distilleries for industrial purposes.

*New series. See pp. 23 and 24 of the December 1945 Survey for data through 1943 for the indicated organic chemical series, except glycerin, and for ammonia, calcium carbide, oxy-gen, soda ash, and sulfuric acid (September 1941 revised, 572,579); data through 1943 for other inorganic ch< mical series have been revised or havt not been published and there have alsobeen recent revisions in the 1944-45 data for some series and 1944 data for sulfuric acid; all revisions will be published later. For a brief description of the series for glycerin see notein November 1944 Survey. Data for 1933-45 for fertilizer consumption by mid western States and the total, which are from the National Fertilizers' Association, and for 1935-Feb-ruary 1945 for the new series on gelatin, will be shown later. Data for 1940-43 for sulphur arc shown on p. 24 of the May 1946 Survey.

f Revised series. See note in November 1943 Survey regarding change in the superphosphate series. Data beginning January *1946 include operations of one company whichwas producing in 1945 but whose activities were not included in figures for that year; however, this change does not appreciably affect the comparability of the data.


S-24 SUEVEY OF CURBENT BUSINESS August 1947


1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary

Febru-ary March Apri l M a y

CHEMICALS AND ALLIED PRODUCTS—Continued

NAVAL STORES

Rosin (gum and wood):Price, gum, wholesale " H " (Sav.), bulk

dol. per 1001b..Production* . _ . ...drums (520 lb.)Stocks* . do. .

Turpentine (gum and wood):Price, gum, wholesale (Savannah)t dol. per gal..Production* bbl. (50 gal.) ~Stocks* . .do.

7.58

.61

6.76416,690364,179

145, 47777, 440

6.95

.96

i.76

.84

7.40489,676390,781

1.00167,93390,167

7.80

1.05

7.83

1.30

8.07462, 007398,102

1.24143,055101, 295

9.61

1.15

9.65351,875222, 701

1.00113,52098,205

9.24

O I L S E E D S , O I L S , F A T S , AND B Y P R O D U C T S

Animal, including fish oil:Animal fats: t

Consumption, factory thous. of lb_.Production doStocks, end of month . _ do

Greases :tConsumption, factory . . . d oProduction doStocks, end of mon th . do

Fish oilsttConsumption, factory. doProduction doStocks, end of month . do

Vegetable oils, total:Consumption, crude, factory __.mil. of lb__Exportsd" thous. of lb._Imports, totalcf do

Paint oilsd*- doAll other vegetable oilsd* do

Production mil. of lb._Stocks, end of month:

Crude doRefined do

Copra:Consumption, factorycf short t ons . .Importscf - - . . doStocks, end of monthd" do

Coconut or copra oil:Consumption, factory:!

Crude thous. of lb._Refined do

Importsd1 . . . d oProduction:

Crude! doRefined ... 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 tons . .Stocks at mills, end of month . . d o

Cottonseed oil, crude:Production thous. oflb._Stocks, end of month do

Cottonseed oil, refined:Consumption, factory! do

In oleomargarine doPrice, wholesale, summer, yellow, prime (N. Y.)

dol. per lb .Production thous. of lb._Stocks, end of mon th . _ do

Flaxseed:Importscf thous. of buDulu th :

Receipts doShipments doStocks do

Minneapolis:Receipts d o . . - .Shipments _ doStocks do _

Oil mills:*Consumption doStocks, end of m o n t h . . . do

Price, wholesale, No . 1 (Minneapolis) dol. per b u . .Production (crop estimate) thous. of b u . .

Linseed cake and meal:Shipments from Minneapolis thous. of lb

Linseed oil:Consumption, factoryt— - doPrice, wholesale (N. Y.) dol. per lb._Product ion! . . . t h o u s . of lb._Shipments from Minneapolis _doStocks at factory, end of month do .

Soy beans:Consumption, factory! thous. of bu._Production (crop estimate) do .Stocks, end of month do .

13107

30, 44987,614

23, 28620,144

.24135, 750

203, 856

77478

128202516

6.12< 38,374

26,160

.325

~13~626

102, 231136,182162,986

44,98238,07890,569

13, 31913,87658,906

26831,0546,4383,5592,879

235

48S475

21, 40834,23824,333

24,8888,148

0

27,18812, 729

85, 53710, 258

••509

100

' 21, 787' 41,341

"• 15, 563' 24, 538

67, 51313, 504

.143' 32, 220316, 318

788

278482292

134620

2,4702,789

3.35

24,840

45, 737.155

50, 52220,100

115, 468

12,051

" 22," 753

97, 229193,029180,883

40,23845,042

103, 285

13, 40827,87479,276

21917, 45712,3518,2904,061

261

503407

20, 23942,84637,710

14, 2188,571

0

25,2478,173

92, 3669,257

4260

118

18, 23431,628

13, 51823,333

65, 77416,132

.16314,982

263,154

642

114231175

554173261

3,6922,739

3.79

95,743194,810171, 286

46,76443,87992, 241

15, 64724,87093, 304

26416, 81717,86311, 0856,778

255

499321

31, 29436, 97548, 551

30,70916,055

945

39, 61416, 603

100, 8807,780

111140

37, 97227, 765

26,02127,114

82,16316, 501

()21, 354

197,152

377

210133194

2,725481

1,202

2,7893,309

3.95

86, 59561,731

145, 205

39,55027,69878, 390

15, 46521,540

108,211

2558,361

12,0016,2325,769

279

515267

37, 51035,96038,662

42, 70720, 4370)

47,41722,815

105,97410, 541

227446359

98,62952,276

69,80763, 245

61, 32113, 461

()26, 591

157, 322

97

629448

3,174751

3,219

2,3433,6444.00

73,125135,936135,550

42.10636, 66663,173

17,02818,726

121,676

3687,660

25.10719,3655,742

390

521250

36, 27827, 38112,964

49,74727,724

121

45,30626, 614

95, 4418,607

5151,070

914

228,93658, 277

160,01193,603

93, 54322,832

.268116,300165, 771

591387652

2,752547

3,967

2,1503,488

5.22

24,960

41, 603.176

75,88420,400

121,810

12,957

" 16," 702

41,700

46, 652.168

57,29022,980128, 814

11,955

~"9,~176

27,840

43, 227.178

46, 49423,040128, 653

9,033

~~i,~ 793"

34,020

44, 246.188

42, 62426,760126,136

10,929

~40~235~

97, 477260,976179, 567

39,29146,00063,123

18,97610, 812114,682

41610,01533,97321,11212,861

409

519247

15,94943, 49533,074

38,57717,236

380

18,82716, 305

77, 7939,622

525703

1,091

232,89280,913

164,961101,983

129,16027,101

.262138,120165, 735

48

1,9381,3961,194

1,8771,9413,905

2,2842,849

7.26

37, 200

42,302.354

44, 71227, 840

136, 550

15, 054

"56," 989

116, 785242, 506232, 347

45,00345, 63764,907

18,3747,867

116,786

41814, 56151,81741,904

9,913403

538262

44,12593, 76858, 654

44, 65516,438

0

54,83019, 505

90,9659,797

397338

1,032

176,065119, 928

124,78698, 093

113, 76925, 279

.280126,973171,157

20

2111,077

327

75073

3,889

1,8833,362

7.275 22,962

34,080

41,891.358

21,720152,069

15, 669196,72560,021

129, 026303, 997307, 623

48,68852, 59172, 871

18, 5091, 616

107, 320

43127, 09031, 94227, 274

4,668443

534279

56, 06974, 96389, 781

62, 87126, 6481,088

68, 68330, 909

87, 00512, 376

412151771

181, 204158, 905

129, 368105, 959

108, 24030,116

.302113,015170,239

307

479257

3,513

1,7902,024

7.25

33, 960

44, 978.366

34, 82320, 460

140,898

17,115

140, 495262, 265307, 692

45, 73047, 48467,138

18, 7721,260

102, 400

4125,634

46, 54531, 31415, 231

392

550304

51, 35251, 28571,902

64, 27029,8221,822

63, 02432, 749

97,17713, 935

300104575

132,015158, 675

93, 50486, 564

81, 66428, 008

.350103, 872182, 808

14

4069

303

182146

1, 5451,415

3)

144,102221,840286, 602

45,86444,58664,305

20,290777

79, 211

4177,011

32,69721,73710,960

382

556311

59,16372, 31972,777

74, 34931, 2175,549

73,90236,581

115,72213,228

21135

399

92,738126,818

68, 24872,088

73,35124,474

.38983,789

191,326

18

3569

270

311190

2,280

1,6361,0798.51

119, 584230,470339,877

42, 57246, 73569, 983

20, 3651, 577

66,335

3957.291

36,67728,3438,333

356

557353

59, 214.61, 92577, 541

72, 40631,057

813

74,04335,720

130,01114,267

16421

256

71, 216125,477

53,47551, 591

53, 07714, 485

.31471,126

207, 411

19

739

238

532345

1,615

1,560980

7.50

24, 420

41, 575.378

30, 49919, 380

136, 681

15, 983

28, 740

45,174.395

31,40123, 460

125,060

16,490

30, 720

47, 453.394

28,85025,380

131,769

15, 914

56,104 52, 338 41,977 I 41,6r Revised. 1 Less than 500 pounds. 2 No quotation. 3 No sales. i July 1 estimate. 5 December 1 estimate.d*Data continue series published in the 1942 Supplement; unpublished data through February 1945 for the indicated series will be shown later.{Revisions for 1941-42 for coconut or copra oil production and stocks and linseed oil production and for 1941-43 for other indicated series are available on request.*New series. See p. S-24 of the May 1946 Survey for a brief description of the new series for turpentine and rosin and data beginning 1945; data beginning in 1942

later.t Revised series. See note on p. S-23 of the November 1943 Survey regarding change in the turpentine price series.

; data beginning in 1942 will be shown




1947

June

1946

June July August

CHEMICALS AND ALLIED

Sep-tember

Octo-ber

Novem-ber

Decem-ber

PRODUCTS—Continued

1947

Janu-ary


OIL SEEDS, OILS, FATS, ETC.-Continued

Soybean oil:Consumption, factory, refined} thous. of lb_.Production:}

Crude __doRefined do

Stocks, end of month:}Crude _ doRefined do

Oleomargarine:Consumption (tax-paid withdrawals)§ _._doPrice, wholesale, standard, uncolored, (Chicago)

dol. per lb..Production! thous. of lb_.

Shortenings and compounds:Production doStocks, end of month doVegetable price, wholesale, tierces (Chi) -dol. per lb._

PAINT SALES

Calcimines, plastic-texture and cold-water paints:*Calcimines thous. of doL.Plastic-texture paints doCold-water paints:

In dry form doIn paste form for interior use do

Paint, varnish, lacquer, and fillers, total doClassified, total do

Industrial doTrade do

Unclassified _do

CELLULOSE PLASTIC PRODUCTS

Shipments and consumption: ®Cellulose acetate and mixed ester plastics:

Sheets, rods and tubes thous. of 1b.Molding and extrusion materials . . .do.. .Nitrocellulose, sheets, rods, and tubes. do...

.330

86,459

107,904105,136

137, 539116,356

34, 567

.16536,062

103, 86145,868

.165

96111

476244

66,07159,42223,65335, 7696,649

1,8266,7361,429

85, 466

116,50896,301

146,866103,110

37,232

0)47,262

100,89644,045

0)

73115

500269

65,20259, 25824, 25934, 9995,944

1,8837,1671,524

98,870

107,441106,081

131,65990,535

40, 781

0)43,402

134,92142, 503

0)

87135

534286

68,48261, 24026,06035,1807,242

1,5097,2421,539

89,810

82, 61288,106

116, 52277, 293

32,373

.19537,067

100, 74052,830.171

73129

454217

63,05455, 77324,01431, 7597,280

1,5357,0011,515

94, 787

98,841

111,75655,998

51,428

.27060, 271

127, 69451,442.171

135

555261

69,99163,15628, 21934, 9376,836

1,9777,4721,697

106, 744

134,303120,031

108,59152, 604

56, 550

.42062, 966

157,00641, 578

0)

64146

420371

70,13662,48327,37435,1097,652

1,0735,9841,233

95, 542

137, 262121, 932

98, 53861,758

57, 680

.41259, 771

139, 76041,305

0)

101186

329286

73, 53866,13130, 34235, 7897,407

1,6917,9511,506

107,954

151, 554126,298

97, 71270,131

66,262

.39367,946

131, 75451, 391

0)

93254

403307

83, 78874, 21032,40541,8049,578

1,9207,6571,597

104, 827

141,115120,867

97, 22676,995

66,470

.39467, 755

129, 31548, 311

0)

89227

352329

81,63273, 27329. 92843,3458,358

1,4817,0811,319

113,782

145, 013121,389

94, 05373, 993

66, 626

.42469, 914

138, 55151,184

0)

102292

422348

92,11182,01732, 54049, 47710, 094

1,6106,4611,22k

101, 229

141, 456115,877

89, 30291, 327

39, 376

.42046, 716

99, 86766,178

0)

75235

419334

• 99, 51Q• 89, 296• 34, 338' 54, 95910, 220

1,7625, 3571,329

71, 893

135, 88992, 640

108,868114, 806

36, 493

.35437, 730-

63,15149, 9950)

90227

407312

99,41188, 57932, 35756, 22210, 831

1, 6894, 3171,052

ELECTRIC POWER AND GAS

ELECTRIC POWERProduction (utility and industrial), total*.mil. of kw.-hr.

Industrial establishments* doBy fuels* ...doBy water power* _ _._do

Utilities (for public use), totalf .doByfuelsf _.. .doBy water powerf . doPrivately and municipally owned utilities doOther producerst- -do

Sales to ultimate customers, total (Edison ElectricInstitute)!—. ._. mil. of kw.-hr.-

Residential or domestic doRural (distinct rural rates) ..doCommercial and industrial:

Small light and power! doLarge light and poweii do

Street and highway lighting! doOther public authorities!. .doRailways and railroads! doInterdepartmental! do

Revenue from sales to ultimate customers (EdisonElectric Institute) __.thous. of dol_.

GASfManufactured and mixed gas (quarterly):

Customers, end of quarter, total thousands..Residential (incl. house-heating)... doIndustrial and commercial do

Sales to consumers, total mil. of cu. ft_.Residential doIndustrial and commercial do

Revenue from sales to consumers, total.thous. of dol__Residential (incl. house-heating) ..doIndustrial and commercial do

Natural gas (quarterly) :Customers, end of quarter, total thousands._

Residential (incl. house-heating) doIndustrial and commercial do

Sales to consumers, total mil. of cu. ft..Residential (inel. house-heating) doIndustrial and commercial _ do

Revenue from sales to consumers, totaL.thous. of dol.Residential (incl. house-heating) doIndustrial and commercial _. do

24, 4694,2253,825

40020, 24413, 4516,793

17, 4142,829

21,4413,8183,381

43717,62410, 943

6,68115,2122,412

15,1852,954

443

2,6177,963

147459550

51

278,544

11,39410,687

133,35588,85643,139

122,18192,05529, 245

9.1718,554

612508,141129,143361,315159,85385,17772, 265

22,5833,9633,551

41218, 62012,204

6,41616,0452,575

15, 6082,883

470

2,7188,309

154464558

52

279, 659

23,6694,1553,788

36619,51513,389

6,12516, 7832,731

16,4742,900

548

2,815

16846857251

286,945

22, 7883,6833,674

30918,80513,1695,636

16,1232,682

16,3583,018

489

2,8258,800

184455537

50

288,041

11,31910,616

694110, 83470,11339,657

7107,83580,92326, 214

9,2598,654600

465,984,

73,020383,859131,16556,38373,393

24,4304,2083,867

34120,22213,9356,287

17, 3162,906

16, 7213,130

410

2,8219,064

206471572

47

292,587

23,9433,9943,675

31919,94913,6696,280

17,1192,830

16,9333,414

328

2,9448,908

22246060949

300,489

24,8754,0283,672

35620, 84714, 2696,578

17,8423,005

17,4503,739

302

3,0188,832

236600667

55

310,910

11,41110, 687

714146, 400

98, 47446,171

130,15597, 74331,345

9,4788,812

661573,015161, 021400, 202188.587101, 25685, 239

25,9574,3213,896

42521, 63614,500

7,13618,5453,092

18,3024,149

291

3,1759,219

23351167451

326,460

23,6984,0833,683

39919, 61613, 2616,355

16,8332,783

17,7833,960

295

3,142

204506643

46

320,174

25, 5444,2983,843

45521, 24613,981

7, 26518, 2662,980

17, 7723,727

320

3,0269, 285

200491673

50

313,074

11.22410, 502

713198, 580139,47657.139

159,188119,31838, 714

9,7398,999

734728, 393297, 553422, 05:270, 598171,93596, 797

24, 6524,1483,711

43720, 50413, 2167,287

17, 6612, 843

17, 6653,572

421

3,0709, 264

17849461846

310, 762

25, 009=4, 2033,809-

42420, 77613, 3877, 389

17, 8012, 975

17, 6103,437

514

2,9949,375

165475604

46

310, 025.

r Revised.- * No quotation. J Minor revisions for 1941-43 are available on request.§For July *941-June 1942 revisions see February 1943 Survey, p. S-23; revisions for July 1942-June 1944 are on p. 23 of the November 1945 issue; revisions for July 1944-June 1945

are on p. S-25 of the August 1946 issue; revisions for July 1945-June 1946 are on p. S-25 of the March 1947 Survey.• Data for some items are not 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.! For 1943-44 revisions for the indicated series see notes at bottom of pp. S-23 and S-24 of the May 1945 Survey.<8> 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.t Revised 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; revised figures for 1920-July 1945 for "other producers" will be shown later.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


FOODSTUFFS AND TOBACCO

ALCOHOLIC BEVERAGES

Fermented malt liquors:!Production _ thous. of bblTax-paid withdrawals... do...Stocks, end of month do...

Distilled spirits:Apparent consumption for beverage purposes!

thous. of wine gal.Imports! _ thous. of proof gal. _Production! thous. of tax gaL.Tax-paid withdrawals!- -do.Stocks, end of monthf do.

Whisky:Imports§ thous. of proof gal._Production! thous. of tax gal_.Tax-paid withdrawals! doStocks, end of month! .do

Rectified distilled spirits, production, total!thous. of proof gal..

Whisky do.Wines and distilling materials:

Sparkling wines:Imports! thous. of wine gal..Production! _do.Tax-paid withdrawals! ___do_Stocks, end of month! do.

Still wines:Imports! do.Production 0 do.Tax-paid withdrawals! _.do.__Stocks, end of month! .do

Distilling materials produced at wineries© do.

DAIRY PRODUCTS

Butter, creamery:Price, wholesale, 92-score (N. Y.)J._ _dol. per lb_.Production (factory)! thous. of lb._Stocks, cold storage, end of monthcf do

Cheese:Imports§ doPrice, wholesale, American Cheddars (Wisconsin)

dol. per lb__Production, total (factory)! thous. of lb._

American whole milk! .doStocks, cold storage, end of monthcT do

American whole milk doCondensed and evaporated milk:

Exports: §Condensed _ doEvaporated do

Prices, wholesale, TJ. S. average:Condensed (sweetened) dol. per case..Evaporated (unsweetened) do

Production:Condensed (sweetened):

Bulk goods* thous. of lb_.Case goods! do

Evaporated (unsweetened), case goods! doStocks, manufacturers', case goods, end of month:

Condensed (sweetened) thous. of lb . .Evaporated (unsweetened) do

Fluid milk:Price, dealers', standard grade dol. per 100 lb . .Production! mil. of lb . .Utilization in manufactured dairy products!._.do__

Dried skim milk:Exports^ thous. of lb._Price, wholesale, for human consumption, U .S .

average dol. per lb_.Production, total! thous. of lb._

For human consumption! do...Stocks, manufacturers', end of month, total do

For human consumption do

FRUITS AND VEGETABLESApples:

Production (crop estimate) __thous. of bu._Shipments, carlot no. of carloads..Stocks, cold storage, end of month thous. of bu...

Citrus fruits, carlot shipments no. of carloads..Frozen fruits, stocks, cold storage, end of month

thous. of lb .Frozen vegetables, stocks, cold storage, end of month

thous. of lb_.Potatoes, white:

Price, wholesale (N. Y.) dol. per 100 lb . .Production (crop estimate)! .thous. of bu._Shipments, carlot no. of carloads..

8,3427,9399,565

16,4166, 037

525, 828

9,9323,278

464, 825

7,0046,518

.633156, 30549, 617

)151, 995125, 735160, 307129, 480

8.265.18

116. 62012, 950410, 000

7,196440, 952

4.4112, 982

. 956102. 02090, 730114. 439110, 775

111.174'626292

13, 829

6,8446,3748,035

18, 5351,525

13,486' 9, 940

420, 262

7087,3823,933

374, 072

' 11,9588,991

56194168

1,225

414655

11,100102,014

7,938

.523120,74949,649

1,275

.295130,672

r 97, 646136,759110,807

5, 66738, 760

6.334.54

133,525-" 13, 075380,880

9,617220,331

3.4712, 5784,803

5,101

.143<• 92, 177' 89, 805

87, 745' 85, 978

7,3737,2097,881

19,0681,46716,01112,120

421, 390

7118,5264,903

376, 213

14, 45011, 764

48238167

1,291

532974

10,17791,99510,041

.694127, 33069,510

1,807

.371116, 62587,830148,786120,136

6,619135,652

6.795.09

112. 69410, 800

336, 600

11,119229,279

4.0011, 9274,685

20,992

.14673,40071,30082, 41378,930

6,7237,4766,888

19,3921,13015,53811,519

420, 947

6397,5044,870

377, 290

15, 03612,150

32241194

1,331

4395,00910,64385,43516,186

.705115,76584,980

2,699

.409106, 47081,010160, 272126,899

3,06689, 447

7.035.32

'98.22110, 400

291, 400

10, 826211, 680

4.2110,8384,226

23, 596

.14556,72555, 30068, 98465, 712

8, 4367 2287,838

17,6911,312

25,02011,115

420, 778

8338,5174,915

378, 902

14,41512, 484

39249166

1,400

31951,13310, 321129,09897,470

.768104, 83073,931

2,652

.43593, 33070, 340157,180126,084

2,95555, 233

7.785.46

'69,6858,250

242,000

12, 549202,775

4.439,4463,724

11, 683

.14739,84039,10062, 26759, 698

7,9487,1108,309

20,4081,611

31, 48813,184

418, 925

9699,2575,968

380,295

16, 20214, 429

46251254

44384,15212,065

206, 301144,854

.84097,49559,586

3,089

()83, 34060,785129,941101,185

1,97930, 767

7.925.79

' 52, 9897,450

195,600

11, 377171,026

4.628,9893,334

6,546

.14629, 41029, 06046, 88544,852

6,6106,5238,175

19,9331,447

20, 70312, 734

419,350

1,0337,8386,454

380, 557

15,10413,462

85184230

1,325

47020, 90911,538

216,77056, 709

.81681, 26041, 477

1,384

.44970, 50051,655123, 43592, 422

3,63439,791

8.255.88

6, 275169,100

8,701148,210

4.878,2972,809

14, 728

.14724,15023,80034,80932, 786

7,1366,4618,467

19,7391,219

31,80212,173

433,117

87319,7905,816

391,613

13,90312,178

192181

1,315

3313,6399,878

205,3659,987

.82289,03527.874

1,304

.39969, 68050, 920

123, 59293,873

15, 58046,037

8.255.88

'33,9566, 780

183, 550

5, 230129,464

4.968,5293,016

4,540

.14535.69535,10039, 54338, 299

119,410

6,8905,9659,134

14,871725

38,43712, 498

454,426

58224,5835,952

408, 517

13, 82912,528

2019268

1,429

2551,0997,392

197, 3131,743

97, 78518,224

652

.38374, 27555, 680

114,60687,459

8,91128,871

8.255.86

'34,1607,980

206, 300

4,923130, 902

4.948,9113,311

9, 594

.13146,08045,13045,94745, 600

5,7615,5439,067

13,455817

34, 54110, 070

473,163

71321,4624,640

423,841

11,16410,170

• 7

15249

1,521

232862

5,577190,155

1,303

.70991,720

389

.37077,11058,99098, 05374,795

4,27323,354

8.255.72

'38,6957,100

210, 200

4,346117,497

4.748,4913,205

10, 321

.11451,16049,93061,88661,213

6,2779,325

13,730791

32, 7579,804

492, 466

19,2724,557

437,770

10, 6359,621

22675

1,665

265535

6,634181,194

3,279

110,4807,818

487

()100, 61078,01593,42771,757

4,69425, 355

8.285.64

' 56, 3408,620

270,800

5,450118,926

4.689,8703,964

7,545

.10068,80066,60080, 23679,126

7, 4357,0299,399

11,974751

27, 4568,650

506, 031

71217,1234,449

449, 351

9, 3428,675

922151

1,826

171466

174, 5861,580

.631115,915

9,194

'455

.338116,84592, 615

113. 85488, 737

7,27523, 534

8.275.42

'82,80011, 750

321, 200

5,279148, 266

4.6310, 4724,364

16, 208

.10075, 45073,10078, 04776, 646

7, 9837,5119,538

12,1731,125

21, 4375,846

516, 738

1, 07114, 0993.183

457, 941

6, 6916,159

1313062

1,882

172390

5,682169, 984

1,040

.613145,890

r 17,445

355

.298144,140118,420133,495106,479

7, 54939, 517

8.265.23

111,87512, 750

417, 450

6,387278, 814

4.4612, 2605,490

14, 401

.9490, 80087 200

102, 973100,888

cf See note marked "cf" on p. S-28.




1947

Juno

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


FOODSTUFFS AND TOBACCO—Continued

GRAINS AND GRAIN PRODUCTS

Exports, principal grains, including flour and meald"thous. of bu.

Barley:Exports, including maltd" - - do . . .Prices, wholesale (Minneapolis):

No. 3, straight dol. per bu_No. 2, malting do.__

Production (crop estimate)! -thous. of bu_Receipts, principal markets do . . .Stocks, commercial, domestic, end of month do . . .

Corn:Exports, including meald1 - -thous. of bu_Grindings, wet process . do . . .Prices, wholesale:

No. 3, white (Chicago)._.. -dol. per bu_.No. 3, yellow (Chicago) doWeighted average, 5 markets, all grades do

Production (crop estimate)! thous. of bu. .Receipts, principal markets - doStocks, domestic, end of month:

Commercial - ._do.On farms! do.

Oats:Exports, including oatmeald* doPrice, wholesale, No. 3, white (Chicago)-dol. per b u _Production (crop estimate)! thous. of bu.Receipts, principal markets do--.Stocks, domestic, end of month:

Commercial do...Onfarmsf _ do_.

Rice:Exportsd" pockets (100 lb.)__Imports d" doPrice, wholesale, head, clean (N. 0.) dol. per lb.-Production (crop estimate)! thous. of bu_.California:

Receipts, domestic, rough bags (100 Ib.)._Shipments from mills, milled rice doStocks, rough and cleaned (in terms of cleaned),

end of month bags (1001b.)._Southern States (La., Tex., Ark., Tenn.):

Receipts, rough, at mills thous. of bbl. (1621b.)._Shipments from mills, milled rice

thous. of pockets (1001b.)__Stocks, domestic, rough and cleaned (in terms of

cleaned), end of mo..-thous. of pockets (100 lb.)--Rye:

Price, wholesale, No. 2 (Minneapolis) dol. per bu_.Production (crop estimate)! thous. of bu._Receipts, principal markets doStocks, commercial, domestic, end of month do

Wheat:Disappearance, domestic! . .doExports, wheat, including flour d*.. do

Wheat onlyd"1 do . . .Prices, wholesale:

No. 1, Dark Northern Spring (Minneapolis)dol. per bu_.

No. 2, Red Winter (St. Louis) doNo. 2, Hard Winter (K.C.) . . d o . . . .Weighted av., 6 mkts., all grades do

Production (crop estimate), total! _thous. of bu._Spring wheat do.Winter \r wheat do

Receipts, principal markets doStocks, end of month:

Canada (Canadian wheat) doUnited States, domestic, totals ! do

Commercial doCountry mills and elevators! doMerchant mills._ _ doOn farms! _ do

Wheat flonr:Exports d" doGrindings of wheatt _ .doPrices, wholesale:

Standard patents (Minneapolis)! dol. per bbl__.Winter, straights (Kansas City)§- do

Production (Census) :JFlour thous. of bbl._

Operations, percent of capacity..Offal thous. of lb__

Stocks held by mills, end of month thous. of bbL.

LIVESTOCK

Livestock slaughter (Federally inspected):Calves _-_thous. of aminals..Cattle . .doHogs doSheep and lambs do~__

' Revised.

2.032.14

1284, 8678,2527,753

11, 794

2.142.101.95

'2,612,80940,223

11,233687,803

1.0211,247,454

12,182

5,0383259,148

.0901 75,485

299,875242,090

171,381

107

246

476

3.031 25,219

1021,024

2.722.592.372.56

1,435,551343,4291,092,112i 26,156

70, 4053 83,4443 8,1293 9, 797

3 24, 5913 40,427

12.6011.03

41, 542

570

1.431.45

4,6684,464

7,03610, 636

()1.531.40

11,103

15,904496,928

653

5,915

3,153274,862

646, 0123,742

.066

406, 543283,065

262, 672

25

253

591

2.85

72322

232,06833, 28323,869

1.901.941.861.90

41,005

46,791'100,0883 29, 917T 3 8,376812,8383 41, 606

2,00337, 556

5,94360.2

505, 660

28,632

245

1.611.66

8,2843,983

2,5089,469

2.322.172.03

23,924

11,864

337

25, 315

7,181

305, 3693,098.116

385, 943239, 752

280, 446

7

439

171

2.09

193"262

25, 54217,109

2.222.111.982.03

76,432

39, 487

90, 253

1,79447, 500

9.539.58

11, 25972.8

641,300

27, 347

402

1.611.66

18,25011, 554

9979,977

(a)

1.931.88

16,830

11,768

2,384.78

30, 832

15, 080

63, 68613,383

.066

219,032299, 916

144,392

495

184

485

1.95

23, 55215, 977

2.062.031.941.99

53,853

50,903

1,61251,442

8.768.72

12,17375.8

712,000

24,134

249

1.671.70

22,04618, 248

11110, 456

(a)

1.891.83

11,297

4,944153,003

3,872.81

25, 257

20,3191,155,691

141,8485,955

.072

56, 39952,842

123, 691

2,493

1,085

1,987

2.24

"1,1231,126

305, 54319,83510, 501

2.102.081.962.05

56,113

109, 723950. 286103, 595177, 329114, 463552, 715

1,98654, 210

9.259.19

12,07884.5

902,9002,205

12, 333

209

1.611.70

14.84026,161

38511, 652

2.101.821.63

18,062

4,076

946

18,922

19, 669

89, 5206,668

.082

1,363,897491,946

523, 274

4,713

2,323

4,624

2.39

799"1,612

1 6 , 7936,100

2.202.142.042.14

54,929

141,047

"98~392

60,069

9.559.38

13, 29882.7

,022,700

26, 987

1.621.72

8,02624, 510

48712,198

1.751.391.31

40, 562

14, 758

2,517.85

11,426

14,185

1,145,3341,551

901,952704,105

452, 766

2,564

2,684

4,708

2,143

23,36911, 563

2.332.252.102.23

36, 581

152,631

85, 512

2,51257, 690

10.9510.38

12, 74989.1

)86, 350

6561,3485,4341, 529 i

35,135

435

1.691.77

3 263,3509,21420,985

2,07612,313

1.501.341.25

23,287,92744,316

27,8702,165,776

1,703.83

31,509,86711,253

9,158898,828

1,608,42163

.0902 71, 520

860, 461703, 634

327, 526

1,377

1,868

4,365

2.79» 18,685

5962,476

307,60330,92014,995

2.272.322.072.17

21,155,7152 281, 8222 873, 893

33,868

148,849642,685

56, 256118,991

96, 779366,255

60,647

11.6110.90

13,36889.5

1,043,6883,216

5911,3525,1351,346

33, 569

271

1.701.78

10, 24120, 608

5,15212, 705

1.431.331.21

49, 913

31, 667

797.84

11,543

7,360

486,2021,328.090

863, 324601,980

327, 349

1,814

3,396

2.86

""469"2,465

27, 34911,141

2.252.332.092.18

38,254

131,889

48,432

3,44964, 575

11.5211.10

14, 23892.3

,112,708

° No quotation.

5911,4035,8441,542

42,347

572

1.641.76

4,80619, 313

9,14911, 701

1.511.421.31

43,643

34, 505

323.84

9,412

6,162

1,066,04918

.090

758,817556, 844

283, 938

426

1,449

2,441

3.11

322'2,336

32, 30412, 712

2.312.402.262.28

38, 716

119.006

44, 745

4,16957,162

11.6211.42

12, 60993.2

982, 960

5211,1433,8971,271

48, 515

624

1.841.91

7,24214,108

8,04512, 245

1.741.731.59

48,169

37,3871,294,709

1,187.94

14,667

6,321536,787

364,15682

.090

791,866393, 260

410, 004

210

1,114

1,588

3.54

3542,139

333. 06438,66017,542

2.712.812.692.67

35,030

109,849308,56332, 838

r 61,010' 71, 957139,855

4,49363, 301

13. 6612.99

13. 99191.4

1,091.2602,84:

6441,2283,4061,237

48, 370

797

1.811.92

9,62510,816

15,42112,091

1.781.781.69

38, 765

29,112

656.92

12, 887

5,389

523, 813r 2,033

.089

594,339478, 230

328, 858

134

702

1,048

3.11

"""238"1,878

31,49513.250

2.642.742.682.62

37, 807

93, 964

24,440

3,88256,818

13.1712. 97

12, 60482.3

9G7. 092

6781,2033,6161,322

50, 767

1,226

1.902.01

8, 4498,869

20, 70612.385

1.791.781.68

38, 736

16,282

775.99

14, 201

4,592

352, 9691,626.090

583,169495,971

233, 296

515

615

3.19

~""l381,358

28,0609,111

'2.682.712.692.64

26,345

80, 514

15, 803

4,03255, 744

12.7412.39

12,44581.1

930, 000

6271,2643,8311,355

621 294 542 534 364 6511,207 451 1,239 1,240 360 1,1033,653 2,316 3,863 2,843 438 3 ,114 '1,329 1,678 1,738 1,578 I 1,300 I 2,005

2 Dec . 1 e s t ima te .3 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 JulycfData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published latert Bata relate to regular flour only; in addition data for granular flour, collected for January 1943 to February 1946, are given in notes in the May 1946 and previous issues of the

trch-August

1 July 1 estimate.

ii -i uv nuvm ".viuuw ""^«» w..i.vv* uj ".v wviiiiiiuun,j ^n.uii. v\Ji|./uio.Liuu siwcu uu LuiLLia m us uvvij Kieei any woooen Dins nott Revised series. The indicated grain series have been revised as follows: Crop estimate for oats, 1932-44, and rice; 1937-44;'other crop estimates, 1929-44; domestic disappearance

of wheat and stocks of wheat m 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 areavailable on request. ~


S-28 SURVEY OF CUREENT BUSINESS August 1947

Unlessand1942

otherwise stated, statisticsdescriptive notes may beSupplement to the Survey

throughfound in

1941t h e

1947

June June

FOODSTUFFS

1946

July August Sep-tember

Octo-ber

Novem-ber

Decem-ber

AND TOBACCO—Continued

1947

Janu-ary


LIVESTOCK—Continued

Cattle and calves:Receipts, principal markets thous. of animals._Shipments, feeder, to 8 corn belt Statesf doPrices, wholesale:

Beef steers (Chicago) . . . .dol . per 1001b..Steers, stocker and feeder (K. C.) doCalves, vealers (Chicago). do

Hogs;Receipts, principal markets thous. of animals..Prices:

Wholesale, average, all grades (Chicago)dol. per 1001b..

Hog-corn ratiof—bu. of corn per 100 lb. 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§ .. .mil. of Re-production (inspected slaughter) doStocks, cold storage, end of inonth®^1 do

Edible offal® doMiscellaneous meats and meat products® do

Beef and veal:Exports§ thous. of lb_.Price, wholesale, beef, fresh, native steers (Chicago)

dol. per lb._Production (inspected slaughter) thous. of lb._Stocks, cold storage, end of month®^ . . .do

Lamb and mutton:Production (inspected slaughter) doStocks, cold storage, end of month® c?1 do

Pork, including lard, production (inspected slaughter)thous. of lb_.

Pork, excluding lard:Exports§ doPrices, wholesale:

Hams, smoked (Chicago) dol. per lb_.Fresh loins, 8-10 lb. average (New York) do

Production (inspected slaughter) thous. of lb__Stocks, cold storage, end of month®c? do

Lard:Exports! doPrice, wholesale, refined (Chicago) dol. per Re-production (inspected slaughter) thous. of lb__Stocks, cold storage, end of monthcT do

POULTRY AND EGGSPoultry:

Price, wholesale, live fowls (Chicago) dol. per lb._Receipts, 5 markets thous. of lb_.Stocks, cold storage, end of monthef do

Eggs:Dried, production* doPrice, wholesale, U.S. standards (Chicago)* -dol. per doz. _Production! millions. _Stocks, cold storage, end of month:d"

Shell thous. of cases..Frozen thous. of lb._

MISCELLANEOUS FOOD PRODUCTS

Candy, sales by manufacturers ..thous. of dol._Cocoa, imports§ long tons..Coffee:

Clearances from Brazil, total— .thous. of bags..To United States... do.

Imports§ doPrice, wholesale, Santos, No. 4 (N. Y.)._dol. per lb__Visible supply, United States . .do . . .

Fish:Landings, fresh fish, 4 ports thous. of lb.Stocks, cold storage, end of month do._.

Sugar:Cuban stocks, raw, end of months

thous. of Span, tons..

2,384120

25. 8721.1124.00

2,329

22.0612.6

1,982134

24.250)

1,4907746654

.408670, 038118, 622

54, 823

756,848

2.572.529

556, 305355, 489

.195146, 690171, 540

.24434, 800

171, 679

.4145,202

4,178236,292

43, 684

1,057545

.2531,132

90, 600

3,642

1,730141

17.3015.7215.88

1,355

14.7710.1

2,52176

16.750)

1897974963130

39, 738

.203275, 75267, 850

65,14910, 378

456,591

47, 624

.265

.266360, 342322,433

57, 689.148

69,83734, 910

.26932,865173, 905

16,553.3325,085

9,871265,050

30, 46714,048

1,312837

2,298.1342,319

68,02397,806

r 2, 226

3,121176

21.3615.5317.10

3,070

17.948.6

2,28698

20.380)

2201, 581

39

29, 912

.319674, 96468, 444

68,8449,108

837, 553

49, 412

.410

.419667, 522299,755

52, 5550)

123,34843,590

.28338,138178,842

13,864.3404,284

9,537260,101

24,67819,433

1,6351,1631,480.2062,122

66,854126,837

2,059

2,565323

21.7115.5116.44

1,832

20.8411.6

2,187338

20.5016.53

1181,2863894027

20,926

.382664, 848101,825

65,05313,135

555,686

42,219

.503

.514425,735168,861

27, 665.350

94, 78037,969

.26543,162207,137

11,151.3463,679

7,960236, 256

34,05614,409

1,573970

1,947.2212,182

46,776152, 403

1,700

1,923388

17.9915.9916.15

293

16.259.1

2,542865

19.0017.26

613512582219

19, 691

.235210, 42379,051

54,2688,844

85,991

12, 737

.265

.33371,18199,859

11,679.190

10, 66530, 021

.30761,131184,841

4,735.4063,295

5,738207,244

39, 5059,405

814484

1,401.2212,142

53,727147,085

1,310

3,664730

23. 5716.4218.19

2,208

22.8213.5

3,660941

23.0017.90

131,2452972621

2,535

590, 79864, 521

84,17010,602

570,068

1,076

.265

.476462, 454142, 912

8,268.190

77,88831,513

.29889,972261,006

2,900.420

3,190

3,585168, 591

54,12213,942

1,448902

1,237.2411,931

53,786149,549

712

2,875445

23.6416.3018.38

3,244

24.0718.0

1,966304

22. 2517.77

321,7424423926

532

.409689,827111,091

64, 59115,696

987, 245

1,305

.554

.512757, 765209, 946

16,647.392

167,38140,623

.24272,952301,030

2,585.4063,110

1,717132, 664

56, 28712,237

1,416946

1,612.2632,080

35,025158,486

553

2,447233

23.1917.6318.20

2,993

22.8718.6

1,495121

23.2518.00

401,724

6235636

828

.415705,974169,271

58,72316, 893

959, 053

6,635

2.522.404

728, 500276, 232

20, 5210)

168,32668, 756

.26665,114

316, 577

3,946.388

3,765

767102,437

56, 85025,027

1,178729

1,716.264

1,584

24, 645152, 803

342

2,404154

22.1617.6822.13

3,469

22.4518.0

1,669171

23.2519.45

421,954

8546854

3,475

.384757, 702192, 660

68, 21517,114

1,128,378

5,040

3.609.427

827, 411399, 473

25,074.260

220, 245122,988

.24227,631

316,792

11, 744.388

4,568

28780,800

56, 850r 46, 248

1,5241,0812,103.269

1,385

15,365127,381

373

1,95098

21.9418. 9622.88

2,304

25.7019.4

1,406198

23.1220.18

581,434

8546857

8,377

.362631,697195,820

57, 38016, 554

745,090

3,768

2.529.509

555,330399,317

38, 760.298

138,683117, 557

.26623, 641

283,825

12, 749.378

4,813

22173, 564

53, 43920,390

1,109721

1,804.272

1,467

17,00397,939

1,019

2,290161

23. 3020.1322.90

2,017

27.1017.6

1,293133

23.1221.22

561,393

8577164

7,024

.371681, 465201,209

57, 64814,110

653,686

6,587

2.614.505

484,593397, 794

37,884.338

123,637109,254

.29927,199

242,485

11,031.418

6,171

50898,718

58, 24915,382

1,341818

1,663.277

1,335

29,10378, 242

2,109

2, 183131

22.9319.9120. 38

2, 245

23.49\ 14.9

1,506, 136

21. 2519.56

571,438

8436767

17,401

.370679, 933175, 724

60, 73710, 808

697,129

7,173

2.546.508

521,406394,421

28, 041.300

128, 445127, 680

.29226, 255

208, 256

9,067.425

6,328

1,742153, 876

55,91938, 078

1,184677

' 2, 044.258

1,357

30, 72570, 202

3,292T Revised. l No quotation. 2 Prices beginning December not strictly comparable with earlier data; comparable figure for November 1946, 0.545.§Data continue series shown in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.cTCold storage stocks of dairy products (p. S-26) 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.®See note in May 1946 regarding changes in the indicated series made in that issue and an earlier change beginning June 1944.• Data beginning in the May 1943 Survey are from the U. S. Department of Labor. Quotations beginning July 1943 have been for U. S. Standards; they are approximately com-

parable 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 shown on p. 20 of the March 1945 Survey.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. The series for feeder ship-

ments of cattle and calves and sheep and lambs were revised beginning 1941 to include data for Illinois; revisions for 1941-42 are shown on p. S-27 of the August 1943 Survey. Data foregg production have been revised for 1940-45; revisions are shown on p . 24 of the June 1947 Survey.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ber


FOODSTUFFS AND TOBACCO—Continued

MISCELLANEOUS FOOD PRODUCTS-Con.

Sugar—ContinuedUnited States:

Deliveries and supply (raw value):*Deliveries, total __ .short tons..

For domestic consumption doFor export -do

Production, domestic, and receipts:Entries from off-shore areas doProduction, domestic cane and beet do

Stocks, raw and refined, end of month doExports, refined sugar§ doImports: §

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:Retain _dol. perlb._Wholesale do

Tea, imports§ thous. of lb._

Leaf:TOBACCO

Exports, incl. scrap andstems§ thous. of lb__Imports, incl. scrap and stems§ . . .doProduction (crop estimate) mil. of lb._Stocks, dealers and manufacturers, total,

end of quarter doDomestic:

Cigar leaf doFire-cured and dark air-cured doFlue-cured and light air-cured doMiscellaneous domestic.-. do

Foreign grown:Cigar leaf doCigarette tobacco _.do

Manufactured products:Consumption (withdrawals:)

Cigarettes:Tax-free* _ ..millions.-Tax-paid do

Cigars, tax-paid thousands..Manufactured tobacco and snuff, tax-paid-thous. of lb _.

Exports, cigarettes § millions._Price, wholesale (list price, composite):

Cigarettes, f. o. b., destination dol. per 1,000..Production, manufactured tobacco, totaL.thous. of lb.

Fine-cut chewing do__.Plug do. . .Scrap, chewing do. . .Smoking do__.Snuff . .do . . .Twis t . . . - - . do . . .

983, 474975, 552

7,922

544,243

.096

.081

3 2,101

29,097432, 527

18,791

6.509

598,604526, 605

71,999

478,3119,613

955,03161,897

189, 418179,666

15,00115,001

160,82730,150

.074

.0591,540

60, 7404,861

!,853

1962,168

2,44526,360452,18021,0842,427

6.25521,092

3024,2803,6359,3953,022458

590,347557, 23533,112

460,17213,173

824,64147,191

267, 460267,46047,34947, 349

179,9224,750

.074

.0601,336

36,9705,381

2,48725,440439,39620,9491,832

6.25521,078

3264,6573,9688,9092,721497

561, 69547,188

402, 29949, 780

671, 49133,844

157,171145,07249,93249,932

209,6621,709

.075

.0606,350

39,5955,608

2,66528,953500,57222,7331,967

6.25522,868

3744,6314,4379,4863,429511

533,875521,42812,447

297, 27594, 691519,72722, 546

126,958116, 52930,29430,294

128,7474,774

.076

.067

50,3226,031

327165

2,3893

2687

1,94426,865457,70321.6711,125

6.25521.672

3114,3613,8609,6183,061461

396,831392,0184,813

233,063483, 532832,0713,280

97,96092,81235, 09935,098

76,4241

().0743,846

54, 383

2,56132,778588,06725,6311,139

6.42425,674

3484,8214,62711,6763,640561

482,194475,9216,273

223,781642, 6331,209,820

6,734

180,167180,16723,64723, 647

2,5005,004

.092

.07616, 286

94,1296,551

3,16527,696546,94922,7281,523

6.50923,236

3154,0963,79411,2663,303462

456, 566418, 79037, 776

257,017437, 4711,441,53124,968

210, 784210, 78416,16016,160

42,8162,751

.095

.07811,486

60, 8614,817

4 2,312

3,282

303159

2,6833

3697

2,95922, 695

465, 76917,6362,714

6.50918,361

2963,5003,4257,4103,332

498,073482, 72215, 351

243,687106,8851,317,26222,095

219,672219, 66915,91315, 559

15, 6943

.095

.07912,891

55,05930,930

3,51928,451510,26420,1241,438

20,107311

4,3803,6807,7893,447

330, 256299, 23731,119

335, 22949,365

1,384,01215, 221

275, 488275, 48719, 41619, 416

40, 6923,802

.096

.0804,105

54, 6124,912

2,71326, 338446, 04217,3892,480

6.50917, 712

2723,7623,3276,9612,948442

624,282•598,188' 26,094

568,79422,114

1,316,06834,877

313,067313,06746,62146,618

107, 89225, 761

.096

.08011, 498

49, 0185, 632

3,552

372253

2,7734

37113

3,24326, 336426, 78518, 7432,473

6,50919,212

2483,5923,4298,3103,200434

509,612497,22312,389

605, 34914, 634

1,426,19910,956

391,051391,04952,95652.956

136, 66717,444

.0814,963

33,8675,192

2,80527,493416, 27019,7161,667

6.50919,885

3373,7623,3028,7993,246438

522,621484,691' 37,930

655,18616,512

1,598,07029,826300,783300,78245,96445,964

182,95623,795

.095

.0812,508

23,1024,848

2,96625,068473,96816,1111,094

6.509

LEATHER AND PRODUCTS

HIDES AND SKINS

Livestock slaughter (see p. S-27).Imports, total hides and skins § thous. of lb._

Calf and kip skins thous. of pieces..Cattle hides doGoatskins doSheep and lamb skins do

Prices, wholesale (Chicago):Hides, packers', heavy, native steers dol. per lb_.Calfskins, packers', 8 to 15 lb . . . .do

LEATHERExports: §

Sole leather:Bends, backs and sides.. thous. of lb_Offal, including belting offal. do

l t h, g g

Upper leather square feet__Production:

Calf and kip thous. of skins-.Cattle hide thous. of hides..Goat and kid thous. of skins..Sheep and lamb do

.231

.638

13, 6671141

1,2713,268

.155

.218

655488

3,280

8012,0981,5373,584

19, 7753583

2,4965,124

.239

307186

2,264

7552,0731,6563,529

15, 38420

1052,6403,171

.155

.218

36425

2,011

8442,1741,7613,951

16, 78848

1501,8643,738

.155

.218

64017

8321,9091,7393,702

19, 238124140

2,2732,419

.155

.218

5120

1,107

9592,0522,5984,558

30,92159306

4,4542,540

.435

1465

1,899

9812,1502,3044,088

25,229126206

3,2392,157

.276

.414

7190

2,512

1,0112,1842,4123,667

18,19859118

2,6831,833

.238

.396

626153

3,099

'1,1042,4262,5063,388

13, 58931122

2,1131,369

.231

.475

189225

4,359

' 1,0882,4642,8493,341

10, 7714131

2,7151,052

.228

.625

35895

3,906

'1,0662,5122,9542,943

10, 8302229

3, 299'1,318

.220

.514

47140

3,907

r 1,130' 2, 5593,038

' 2,882

14,0173551

3,0392,013

.223

.534

14859

3,761

1,0112,4723,0462,675

1 Data beginning January 1946 reflect a change in the sample and in the method of summarizing reports; January 1946 figure comparable with earlier data is $0,064.2 No quotation. 3 j u i y i estimate. 4 December 1 estimate. r Revised.§ Data continue series published in the 1942 Supplement but suspended during the war period (it should be noted that data for sugar are shown in long tons in that volume);

data for October 1941-February 1945 will be published later.* New series. The new sugar series include raw and refined sugar in terms of raw (see also note in the April 1945 Survey). The new series for tax-free withdrawals of ciga-

rettes is from the Treasury Department, Bureau of Internal Revenue, and includes withdrawals of small cigarettes for export and for consumption outside the United States; tax-free withdrawals were comparatively small prior to the war period. Monthly data beginning July 1943 are shown on p. S-29 of the March 1947 Survey.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


LEATHER AND PRODUCTS—Continued

L E ATHER—C ontinued

Prices, wholesale:Sole, oak, bends (Boston)t dol. per lb_Chrome, calf, B grade, black, composite

dol. per sq. ft.:Stocks of cattle hides and leather, end of month :t

LEATHER MANUFACTURES

Boots, shoes, and slippers:Exports§ .thous. of pairs.Prices, wholesale, factory:cf

Men's black calf oxford, corded tip.._dol. per pair_Women's plain black kid blucher t do

Production, totals thous. of pairs.Government shoes doCivilian shoes, total do

Athletic do__.Dress and work shoes, incl. sandals and playshoes:

Leather uppers, total thous. of pairs.Boys' and youths' __do.._Infants' do.-_Misses' and children's _ do . . .Men's doWomen's do . . .

Part leather and nonleather uppers __do...Slippers and moccasins for housewear doAll other footwear do . . .

Gloves and mittens, production, total*thous. doz. pairs.

Dress and semi-dress, total doLeather _do.-_Leather and fabric combination do_._Fabric do . . .

Work, total d o . . .Leather.. doLeather and fabric combination do._.Fabric do . . .

0)1.069

6.004.90

.462

.536

1,701

4.803.92

44, 957315

44, 642627

32, 8151,7522,9604,3798,70315, 0215,3045,708

188

2,27476516628571

1,509156192

1,161

.675

.570

776

4.804.07

37, 021139

36,882536

26, 5041,5022,4563,3467,66211,5384,6934,980

169

2,02465214118

4931,372116159

1,097

.470

.558

1,159

5.374.18

46, 236172

46, 064486

32,1171,7202,8384,1198,69214, 7486,6796,563

219

2,25580617525606

1,449125186

1,138

.470

.565

342

5.374.26

41, 651140

41, 511330

30,0221,6072,5753,7277,901

14, 2125,2795,681199

2,10373715318566

1,366119175

1,072

.470

.565

289

5.374.26

47, 469171

47, 297394

34,1941,7432,9624,1838,87416, 4325,1737,234302

2,54988216720695

1,667143197

1,327

459

6.504.26

40, 752196

40, 556395

30, 0111,5882,5553,8318,15313,8844,3045,606240

2,28275714515597

1,525112164

1,249

.770

.902

691

6.504.90

39, 068

397

31, 8841,7612,6324,0348,94714, 5103.4612,915213

2,1036281029

5161,476

98178

1,200

.950

464

6.254.90

41, 051(2)

41,051354

34,9571,6762,9694,6369,17016,5063,0922,475173

2,251576979

4701,675

95195

1,385

0)

.958

494

6.004.90

38, 255(2)

38,255315

33, 2951,5182,7204,4428,53616,0792,3362,176

133

2.086540878

4451,546••93192

1,261

0)1.017

537

6.004.90

40, 429(2)

40, 429352

35, 6901,5052,8754,8109,06717,4332,0772,146

164

2,261588878

4931,674

95205

1,374

0)1.015

'631

6.004.90

' 39, 525

' 39. 525375

•34,879'1,4492,7084,690

' 9,191• 16, 841' 1,751' 2,364

' 158

' 2, 462'581

863

'4911,882

95230

1,557

LUMBER AND MANUFACTURES

LUMBER—ALL TYPES

Exports, total saw mill products § M bd. ft._Sawed timber§ doBoards, planks, scantlings, etc.§ do

Imports, total sawmill products! __ doNational Lumber Manufacturers Association^

Production, total mil. bd. ft_.Hardwoods __ .doSoftwoods do

Shipments, total ._.doHardwoods - doSoftwoods . . .do

Stocks, gross, end of month, total doHardwoods doSoftwoods do

FLOORING

Maple, beech, and birch:Orders, new M bd. ft_Orders, unfilled, end of month _..do.--Production do.-_Shipments __.do-_-Stocks, end of month _ do . . .

Oak:Orders, new doOrders, unfilled, end of month _ _do.--Production.. doShipments _. do . . .Stocks, end of month . .do

SOFTWOODSDouglas fir:

Exports, total sawmill products§ M bd. ft.Sawed timber§ „_ do.-.Boards, planks, scantlings, etc.§ - do...

Prices, wholesale:Dimension, No. 1, common, 2" x 4" x 16'

dol. per M bd. ft..Flooring, B and better, F. G., 1" x 4", R. L. . .do

Southern pine:Exports, total sawmill products! M bd. ft.

Sawed timber§ do...Boards, planks, scantlings, etc.§ do.-.

62. 23094.080

56,87110, 29044,96876,930

2,749656

2,0932,605614

1,9643,753959

2,794

2,7506,2502,5502,7002,425

15, 42631,15817, 23917,6395,162

30,0205,84522,682

41. 52858.310

10,8612,035

43, 78413,87627,825109,970

2,753694

2,0592,594590

1,9683,8541,0132,841

2,3005,7502,3752,3752,375

20,24731, 65720, 83819,7476,081

22, 2719,25613,015

42.63059.780

9,5652,7036,862

54,36512,63335,001123,411

2,934774

2,1602,710630

2,0264,0681,1252,943

3,5606,1503,1003,1252,475

18,93130, 05522,86024, 7344,209

18, 7106,01113,112

42.63059.780

16, 3845,26011,124

44, 72515,33126,823111,685

2,742794

1,9482,500583

1,8624,2821,2603,022

2,5505,4252,9253,3752,425

22, 851• 47, 86127,52727, 331' 4,404

20,47810, 04110,453

42.63059.780

11,7164,0807,636

23, 8024,32917, 485131, 669

2,946829

2,1172,727698

1,9534,5401,3693,171

3,7505,7003,4003,4252,200

29,21242,19035,92234,8824,738

6,2332,6323,601

42. 63059. 780

5,3171,0344,283

38,2517,18330,103117,696

2,533698

1,8352,418570

1,7854,6521,4533,199

3,2505,2503,4753,6251,975

29,24541,80034,07933, 0655,752

2,138654

1,484

43.85559. 780

21,3604,95516, 405

81, 97628,61445,149123,816

2,303604

1,6992,326542

1,7234,6451,4743,171

4,3506,1003,9503,7001,950

29,19441, 24933,95531.2487,431

37, 42120,62916, 792

47.824

15,8854,88011, 005

79,72020,53754, 377109,414

2,214583

1,6312,414590

1,8244,3231,4212,902

3,8505,5503,9004,3751,650

41,52141, 52340, 25341, 2475,730

44,93115,30529,626

51.94072. 520

11,8422,0079,835

76,40322,65652,062111, 718

2,403612

1,7912,378598

1,7804,3461,4202,926

5,2007,4503,8753,6251,850

33,89340,15737,97637, 7335,978

36,87212, 69524,177

58. 80085.505

20,1598,21411,945

114, 34527, 25575, 572133,390

2,578623

1,9552,389507

1,8824,4561,4273,029

5,8258,3754,0504,4001,625

42,07539, 97042,94442,2606,032

65, 07321, 35643, 717

60.27091. 630

19,0414,44114,600

88,46816,61063,10993,070

2,732632

2,1002, 560

5302,0304,5371,4703,067

5,8259,5004,6754,7251,500

41, 28438,41847, 36146,1407,016

38,9489,36429, 584

62. 23094. 080

17,5114,34113,170

^Publication of data discontinued by the compiling agency.r Revised. i No quotation. 2 Data not collected separately; included with data for civilian shoes.§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.cf These data continue series published in the July 1944 and earlier issues of the Survey which provide data through May 1944; the series for women's shoes was substituted in the

June 1943 Survey for the series for colored elk blucher formerly shown. Data for June 1944 to May 1946 are as follows: Men's black calf oxford—June 1944-December 1945, $4 60; Janu-ary 1946, $4.76; February-May 1946, $4.80; Women's black kid—June 1944-October 1945, $3.50; November 1945, $3.69; December 1945. $3.75; January-March 1946, $3.75; April and May1946, $3.92.

^See note for boots and shoes at the bottom of p. S-23 of the July 1945 Survey regarding changes in several classifications and note marked "$" on p. S-28 of that issue regardingother revisions; revisions for January-May 1943 and 1945 and January-April 1944, which have not been published, will be shown later.

*New series. The series for gloves and mittens were first included in the May 1946 Survey; see note in that issue.fRevised series. The price for sole oak leather has been shown on a revised basis beginning in the October 1942 Survey; revisions beginning July 1933 are available on request.

There have been unpublished revisions in the January 1944-April 1946 data for the lumber series and also earlier revisions which have been published only in part (see note in theApril 1946 Survey); all revisions through April 1946 will be shown later; recent revisions resulted from adjustment of the monthly series to 1945 production data compiled by theBureau of the Census. See note marked "&" above regarding the price series for women's shoes.




1947

June

1946

June July Sep-tember

Octo- Novem- Decem-ber ber ber

1947

Janu-ary


LUMBER AND MANUFACTURES—Continued

SOFTWOODS—Continued

Southern pine—ContinuedOrders, newf mil. bd. ftOrders, unfilled, end of monthf doPrices, wholesale, composite:

Boards, No. 2 common, 1" x 6" or 8" x 12'tdol. per M bd. ft._

Flooring, B and better, F. G., 1" x 4" x 12-14'tdol. per Mbd. ft..

Production! - mil. bd. ftShipments! doStocks, end of montht do

Western pine:Orders, newf doOrders, unfilled, end of month\ doPrice, wholesale, Ponderosa, boards, No. 3 common,

1" x 8" dol. per M bd. ftProduction! ...mil. bd. ft._Shipments! doStocks, end of month! do

West coast woods:Orders, new! doOrders, unfilled, end of month. . doProduction! doShipments! _ _ doStocks, end of month do

SOFTWOOD PLYWOOD

Production* thous. of sq. ft., %" equivalentShipments* doStocks, end of month* do

FURNITURE

All districts, plant operations _ _ .percent of normalGrand Rapids district:

Orders:Canceled percent of new ordersNew _ __ _ no. of days' productionUnfilled, end of month do

Plant operations percent of normalShipments . .no. of days'production

64. 333

130.683

54.36

139, 623142, 97531,481

544701

46. 029

65. 091610589

1,081

558298

40.07666595835

477559546532378

121,412125,06824,391

62

240

1476937

602679

46. 083

65.091625624

1,082

583276

40.93671604901

492545507493378

99, 74792, 28834,189

59

153

1376233

576633

46.083

65.091625622

1,085

634258

40.19737649987

514554526496403

126,974124,89133,842

68

347

1417139

593651

46. 083

65.091567575

1,077

605283

40.35••632r577

1,041

448538487468420

129,270128,08635,560

68

235

1377040

601642

46. 083

65.091668610

1,135

580288

40.38625573

1,092

536576

'534'493

462

149,600149, 58334,959

72

353

1417242

547633

53.182

74. 723589556

1,168

489275

40.36491501

1,083

445544503484475

129,635128,69134,984

73

627

1307538

506574

67.163

96. 546610565

1,213

436269

43.30394440

1,038

451514461489448

121, 816129, 72726,882

70

1728

1207736

588665

71. 656

106. 782578£97

1.294

461302

45.60329428939

582523507576377

140, 058136,064

30, 712

74

78

586551

72. 530

109. 979686600

1,280

385278

48 51346409876

618577529548379

129, 622127, 66831,995

73

75

618553

71.460

120.104681616

1,345

530353

50.99420455841

723685598569410

139, 779140,45732,146

78

82

631544

' 67. 790

r 130. 683693640

1,398

540357

52.71534536839

529646584586374

148, 027143, 295

35, 591

78

82

565449

r 65. 694

-130.683726660

1, 464

449247

54. 69653559933

••544595

'604'607

397

r 142, 070r 141, 491' 35, 618

METALS AND MANUFACTURES

IRON AND STEELForeign trade: §

Iron and steel products:Exports (domestic), total short tons.

Scrap do. . .Imports, total _ _ do___

Scrap _ do.-_

Iron and Steel ScrapConsumption, total* thous. of short tons.

Home scrap*... _ do. . .Purchased scrap* _ _do___

Stocks, consumers', end of month, total* .do. . .Home scrap* __.do___Purchased scrap* _do_._

OreIron ore:

All districts:*Production thous. of long tons.Shipments . . .do. . .Stocks, end of month do...

Lake Superior district:Consumption by furnaces doShipments from upper lake ports doStocks, end of month, total _do.

At furnaces do.On Lake Erie docks _ do.

Imports§ do.Manganese ore, imports (manganese content) §..-do.

Pig Iron and Iron Manufactures

Castings, gray iron:*Shipments, total. ..short tons._

For sale _ .doUnfilled orders for sale do

Castings, malleable iron:d*Orders, new, for sale _ doOrders, unfilled, for sale doShipments, total doFor sale do

6,50011, 45721, 74619, 5942,152

1,038,356"6,874

2,710,918

31, 972248, 79878, 52445, 291

394, 38218,56864,9693,409

4,2142,0742,1404,1101,2692,841

8,8509,9145,367

4,9958,65426,26523,2473,01817334

757, 268442,4732,640,430

39,388275,84561,65035,468

11,620131,022

103

4,4762,3822,0943,6601,2672,393

11,61212,2154,764

6,46010,84830,43927,1313,30734072

840,004487,4582,708,385

34,157271,98164,44638.021

513,59510,893119,664

763

4,6702,5942,0763,3241,1422,182

11,09011,0834,770

6,7389,77434,06730,4503,61737162

973, 232567,1642,814,430

41,935272,57167,90341,345

9,244124,4531,896

4,4492,4671,9823,2581,1922,066

10,74210,5464,966

6,3809,63637,57333,4644,10940270

937, 401540, 6492,897,105

44, 369277, 30969,50739,631

293,4517,187

110,767207

4,9072,7052,2023,1631,1841,979

9,9179,9654,860

6,6259,20940,43535,7624,67438669

1,077,838626, 2732,952,705

50,140280,97279,20746, 477

480,75216,258143,3781,159

4,5792,5352,0442,9921,1211,870

6,6056,8304,607

6,1316,70141,91937,0634,85732977

987, 069561, 6262,940,199

36,802278,44668,98739,328

509,44415,671102, 6861,018

4,2392,1932,0463,0341,1581,876

2,2741,1935,688

5,516247

37,46533,0564,40923755

909,195514,4152,979,658

28, 542267, 66168, 31439, 327

549,1988,381

137, 5561,690

4,9002,7172,1832,8861,0631,823

2,6981,2517,135

7,0240

30, 51426, 7443,77022376

1,077,820632,7893,021,141

34, 517259, 76475,89842,414

480,9754,694

129, 9941,511

4,5032.4062,0973,0321,0611,971

2,5911,3228,404

6,2640

24, 31720,9383,37919845

1,009,970583, 2522,986,741

55, 938274. 01874,71641, 684

637,4469,082

162,1503,058

5,1362,6892,4473,3661,1092,257

2,8461,4259,825

6,9790

17, 41114, 7552,65623332

641, 72310.160239,1543,478

6,5757,2169,212

6,5794,448

13, 55511, 7381,816

26364

1,089,828 1,097,150633,844 636, 708

2,979,326 2,907,694

50,194280, 72476,614

41, 994275,415

81, 89047, 303

657, 85218,175

137, 6042,184

10, 98111, 7558,438

6,88510, 37317,61815, 5412,078

43946

1,097,307633, 013

2,782,706

28, 996262, 117

75, 47842, 294

f Revised.c? Since 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-February 1945 will be published later.* 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, see 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 theentire industry, monthly data 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.

1 Revised series. See notes marked "f" on p. S-31 of the February 1947 Survey and p. S-29 of the April 1946 issue regarding unpublished revisions in data prior to 1945 for theindicated series on lumber production, shipments, orders, and stocks; new orders, production and shipments have been further revised beginning 1945 to conform with Bureau of theCensus production data for that year; all revisions through April 1946 will be published later. The Southern pine price series are shown on a revised basis beginning in theFebruary 1946 Survey; see note in that issue.



Unless otherwise stated, statistics through 1941and descriptive notes may be found in the1942 Supplement to the Surrey

1947

June

1946

June July AugustSep-

temberOcto-ber

Novem-ber

Decem-ber

1947

Janu-ary


METALS AND MANUFACTURES—Continued

IRON AND STEEL—Continued

Pig Iron and Iron Manufactures—Continued

Pfg iron:Consumnt'on* thous of short tonsPrices, wholesale:

Basic (furnace). _ ._ dol. per long ton..Composite doFoundry, No. 2, f. o. b. Neville Island* do

Production* thous. of short tons. _Stocks (consumers and suppliers'), end of month*

thous of short tonsSteel castings :f

Shipments total > short tonsFor sale total do

Railway specialties - do .8teel forgings:*

Orders, unfilled, for sale, total doDrop and upset - do _Press and open hammer _ _ _. . . do . . _

Shipments total doDrop and upset, total . _. do __

For sale doPress and open hammer, total do

For sale doSteel consumed in production of forgings do

Steel ingots and steel for castings:Production ._ -thous. of short tons. .

Percent of capacity § - ._*..Prices, wholesale:

Composite, finished steel dol. perlb__Steel billets, rerolling (Pittsburgh) dol. per long ton..Structural steel (Pittsburgh) dol per lbSteel scrap (Chicago) - dol. per long ton

Steel, Manufactured Products

Barrels and drums, steel, heavy types:®Orders, unfilled, end of month... thousands..Production._ _ _ _ __ do _.Shipments doStocks, end of month do

Boilers, steel, new orders:!Area ._.. thous. of sq.ft..Quantity . . ._ _. _. _ . number

Cans, metal (in terms of steel consumed):*Shipments (for sale and own use), total...short tons..

Food _ _ __ do __Nonfood doShipments for sale _ do _

Commercial closures, production* _ .millions .Crowns, production* thousand grossPorcelain enameled products, shipments:}:*

thous. of dol_.Snrinff washprs shinrnpnts r\nSteel products, net shipments:©

Total thous of short tonsMerchant bars doPipe and tubes doPlates 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, bauxitel 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 lbCopper:

Exports, refined and manufactures! short tons__Imports, total! _ . do

For smelting, refining, and export! doFor domestic consumption, totals do

Unrefined, including scrap! doRefined! do

Price, wholesale, electrolytic (N. Y.) dol. per lb._

33. 0033.8133. 504,810

139,031103,88831,879

638, 535522, 096116, 439200, 656152, 66482,10047, 99229,948

290, 018

6, 95293

.032942.00.025030.88

13,6122,2442,242

23

1,9251,346

232,972168, 43664, 536

193, 635845

24, 266

7,182

. 0444

91.870.5.300

.2135

3,623

28.0028.6728. 503,682

821

121,52289, 53325, 529

635, 004512, 272122,732164,921117, 29959, 70547,62233, 457

226, 864

' 5, 6°^74

.030339.00.023518.75

9,7631,7861,782

28

1,7971,895

240,089204, 97735,112

205, 4621,279

20,422

r5,233399

3,68837233428413387710888

274247318

65, 356.0523

' 121.0'30 .9

90.165.6.237

7,34120, 5105,058

15, 452819

14,633.1406

4,560

28.0028.7328.504,705

810

117,52882, 97522, 405

661, 277532, 401128, 876168, 319124, 71859,94143, 60126, 640

230, 238

'6,61985

.030539.00.023518.75

9,9602,0312,019

40

2,0001,480

306, 798267,43439,364

276, 4591,196

22,900

' 5, 095455

4,259455427399180960

92105313262297

77,110.0525

' 136.1'31 .2105.080.3.237

7,48935, 7555,486

30,26912,31917, 950.1415

4,696

28.0028.7328.504,898

771

129,66694, 06324, 712

666, 360537, 815128, 545184, 286136,12473, 33848,16235, 086

259,158

' 6, 92589

.030539.00.023518.75

10, 3182,3932,405

28

1,4241,588

343, 338302, 75640,582

300,8701,391

25, 439

' 6, 277506

4,965501501421217

1,116124137351295387

88, 606.0550

' 151. 2' 36. 4114.888.8.237

9,17321, 2722,950

18, 32218, 272

50.1415

4,571

28.0028.7328.504,687

830

126,47190, 56725,910

670, 523543,831126,692173, 934132, 54472,13641, 39029, 851

247, 234

' 6 , 5 r 687

.030539.00.023518.75

12, 2022,0392,036

30

1,6461,682

318,304282, 07536, 229

277,8291,340

25,159

' 5, 874543

4,590452446397199

1,076115137347244365

95, 038. 0575

' 148. 7' 34 .6114.291.9.237

5,38625,1822,656

22, 52619,3153,211.1415

4,812

28.0028.7328.504,815

881

137,30498, 26525, 619

736,482603, 833132,649203,410154, 27782, 79649,13335, 901

289, 518

' 6, 95289

.030539.00.023518.75

13,0712,3542,351

33

1,9731,890

258, 763215, 247

43, 516222,307

1,57428, 901

' 7, 062580

5,261549498467226

1,233133158387253410

29,811.0575

' 181. 8' 43 .0138.8110.1.237

2,13132, 503

1,22531, 27823, 929

7, 349.1415

4,424

28.0028.7328.504,435

687

130,60693, 87827, 425

726, 733595, 359131, 374183,856134, 36373,12449,49334, 988

254, 026

' 6, 45885

.030539.00.023523.13

13, 6122,1982,213

19

1,4531,441

192,134151,88240, 252

161,9511,401

25, 196

' 6, 668

5,020507482466210

1,220132144356248391

93, 752.0682

' 163.1' 3 8 . 2124.999.5.259

10,56433,1826,809

26, 37312, 93313,440.1704

3,888

29.6030.1230.503,992

668

123,90788, 13622,108

707, 060579, 778127, 282187, 375138, 56775, 36048,80834, 986

259, 953

' 5, 76174

.031239.00.023527.25

15, 0142,0912,093

17

1,4521,462

198, 406157,03041, 376

167, 6371,323

24, 307

' 5, 823

4,533460418386174

1,081123135310265392

113,445.0775

' 156. 9' 37 .5119.492.7.275

14,16845,4319,298

36,13323, 62512, 508.1928

5,037

30.0030.8630. 505,087

674

139,029101,14028, 699

723,158591, 558131, 600199,589145, 94379, 06153, 64637, 013

294, 594

7,21393

.032942.00.025029.75

15, 5012, 3272,317

27

1, 4211,393

174, 890129, 91444, 976

138, 203' 1,4:627. 603

r i 752

5,063525467468227

1,202126146362248420

108, 795.0775

' 174. 4' 40 .7133.7103.9.275

14, 92125, 13812, 34012, 7988,5924,206. 1927

4,467

30.0030.8630.504,550

735

125, 61292, 82228, 212

713,909581, 337132, 572195,681148,16678,56047, 51532, 444

286, 656

6,42292

. 032942.00.025031.63

15, 8672,0642,066

25

1,3401,265

157, 758111, 15446,604

123, 761' 1,15424, 136

' 6, 968

4,626474428445191

1, 093116136334229364

166, 616.0755

' 157. 7' 3 7 . 8120.092.9.275

11,01826,1148,784

17, 3307,8059,525.1935

5,015

33.0033.5533.505,123

777

134,90999, 70127,125

717,428586, 992130, 436205,085156, 72483, 74348, 36131, 713

296,377

7,30794

.032942.00.025036.69

14, 9762,2912,292

25

' 1, 4211,348

180, 256125, 86754,389

142, 8371,176

26,265

'7,516

5,304558502527181

1,275132144390293396

157, 437.0725

' 155. 3' 42 .3113.088.0.289

13,46226, 2916,944

19,34712,1587,189.2091

33.0033.8133. 504.830

144.175106,12729,185

698, 615570,130128,485223, 787170. 99390, 07652, 79431,399

324, 949

7,04394

.032942.00.025033.05

14, 5422, 4552, 455

25

1,3771,337

205, 024139,71865. 306

160, 245' 1, 08627, 219

8,092

5,446549518555206

1,274141151

'392318425

129, 133.0719

' 152. 6' 41 .7110.983.8.289

11.72123, 2047,989

15,2159, 7555, 460.2123

33.0033.8133. 505,081

140, 874103,77C28, 850

662, 579544, 058118,521210,772158,99985, 72951,77330,014

301, 358

'7,32995

.032942.00.025029.25

14, 37C2, 3032,306

21

1,42?1,212

207, 571146,015'61,556165, 448

98625, 058

' 7, 628

5, 4425fil53.c

57C20'

1, 27414C15(3&30.42-

189, 6L.066'

143. '37.^

' 106.' 8 1 .

.29

14,0241,65

3,2338,4225, 0913,32.221

' Revised. <g>Beginning 1943, data have covered the entire industry.t Based on information recently available it is believed that data beginning 1945 represent substantially the entire industry; in prewar years the coverage was about 90 percent.• Data for 1946 and 1947 have been revised to exclude the value of finished plumbing ware; January-May-1946: Shipments—4,821; 4,355; 4,750; 5,876; 5,242.O Total shipments less shipments to members of the industry for further conversion; data prior to 1944 were production for sale.IData continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.§For 1947, percent of capacity is calculated on annual capacity as of January 1, 1947, of 91,241,000 tons of steel; 1946 data are based on capacity as of January 1,1946,91,891,000 tons.•New series. For pig iron consumption and stocks for 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 1942 Supplement (data in that volume are in short tons instead of long tons as indicated); see p. S-30 of the May 1943 Surveyfor further information and data for 1941-42. The pig iron price series replaces the Pittsburgh price shown in the Survey prior to the April 1943 issue. See note marked " • " on p.S-33 of the February 1947 Survey for a brief description of the data on aluminum fabricated products and reference to 1945 figures for the total; separate data prior to 1946 for the detailwill bo published later. The series for closures, including plastic closures, crowns, and metal cans, are compiled by the Bureau of the Census and cover all producers; data prior to1946 will be shown later. For a brief description of the series for steel forgings, which are also compiled by the Bureau of the Census, and available data for 1945, see note on p. S-32of the March 1947 Survey.

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.



Unlessand1942

otherwise stated, statisticsdescriptive notes may beSupplement to the Surrey

throughfound in

1941t h e

1947

June

METALS

June

AND

1946

July August Sep-tember

Octo-ber

Novem-ber

Decem-ber

MANUFACTURES—Continued

1947

Janu-ary


NONFERROUS METALS AND PRODUCTS—Con .Copper—Continued

Production:^Mine or smelter (incl. custom intake)..short tons.-Refinery -do

Deliveries, refined, domestic^ _ . . .doStocks, refined, end of months do

Lead:Imports, total, except mfrs. (lead content)^ doOre (lead content):

Mine production* do.Receipts by smelters, domestic orercf do

Refined:Price, wholesale, pig, desilverized (N. Y.)

dol. per !b_-Production, total c? short tons.-

From domestic orecf do__ __Shipmentscf do...Stocks, end of monthcf . do...

Tin:Imports:^

Ore (tin content) long tons.Bars, 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) _ do.Blocks, pigs, etc do

Mine production of recoverable zinc* -doSlab zinc:

Price, wholesale, prime Western (St. Louis)dol. per lb

Production cf short tons_-Shipmentsd" do

Domesticd1 doStocks, end of monthd* . . .do

HEATING APPARATUS, EXCEPT ELECTRICBoilers, radiators and con vectors, cast iron:§

Boilers (round and square):Production thous. of lb_Shipments do__.Stocks, end of month. do.-.

Radiation:Production -thous. of sq. ft.Shipments do.._Stocks do--.

Boilers, range, shipments* number-Oil burners:©

Orders, new, net .do. . .Orders, unfilled, end of month do.. .Shipments do.. .Stocks, end of month do._.

Stoves and ranges, domestic cooking, exc. electric:*Production, total do

Coal and wood do.. .Gas (incl. bungalow and combination) do.. .Kerosene, gasoline, and fuel oil _do--.

Stoves, domestic heating, production, total* do-..Coal and wood* do_-_Gas* do._.Kerosene, gasoline, and fuel oil* do_-.

Warrn air furnaces (forced air and gravity air flow),shipments, total* number-

Gas* do.Oil* .doSolid fuel* do.

Water heaters, nonelectric, shipments* do_

MACHINERY AND APPARATUSBlowers, fans and unit heaters:

Blowers and fans, new orders thous. of dol_.Unit heater group, new orders do

Electric overhead cranesj:Orders, new doOrders, unfilled, end of month doShipments do

Foundry equipment:New orders, net, total 1937-39=100.-

New equipment-. doRepairs do

Machine tools, shipments* thous. of dol—

i 81,854i 98, 738116, 6521 76, 629

. 150045, 23541, 50554. 62737. 836

.8000

.105070, 99063, 52752,390

174,327

25, 83826,34250, 824

4,4724,6982,909

649.9658.9620.7

24, 720

32, 78523, 87095, 26779,145

5,217

23, 66021, 801

18, 58417, 45025,17332,969

3,2422,073.5200

15, 729878

7. 6167,235

42, 524

.082558,81260, 49251.101239,953

20,98621, 34841, 611

3,3863,3554,375

85, 704

106, 579806,18136, 7455,852

219,97031, 415144, 20544, 350282,358106, 60893,09182, 659

49,53615,9144,33929,283181,424

16, 6047,628

1,45615,132

694

491.7492.8488.2

28, 580

56,90643, 60697, 527101,183

5,046

25, 04432, 977

.092534. 02932; 62235, 59131,396

5, 6652,172.5200

31, 0575,287

19,9825, 788

33, 218

.092359, 01469, 22058, 321

229, 747

21,18820, 22242, 577

3,1963,5594,012

90, 636

102, 438862,91245, 707

202, 51728, 459133,67940, 379

304, 007115, 42186,334102, 252

49,12216,2065,34527,571187,569

2,36016, 242

802

453.4444.8481.1

22, 360

64, 46259, 591118,38194,669

12,909

28, 61031,373

. 082535,69033.99432,81134, 275

3,5932,542.5200

21, 2413,476

14, 0073,758

45, 893

.082559, 75251, 88643, 522237,613

25,38026, 88141,076

3,8784,4693,421

113, 524

101, 818907,30457, 4265,543

263, 21534, 520181.19047, 505

376, 557135.191104,037137,329

62,24620,1926,34535,709213,789

1,56516, 5491,252

538.7555.5484.126,911

69, 74867,803113.158

9,477

27, 22928, 054

. 082540, 72039, 01234, 04740, 944

153581

.5200

25, 4243,637

17, 2424,545

48, 433

.082558, 47565, 92760,130230,161

25, 71327, 02139, 769

3,4943,7643,151

104,169

81,888931, 85357, 3395,198

249, 54234,142169, 92945, 471

377,803146, 901116, 405114,497

72,30323,1639,112

40,028209,415

17, 38210,193

1,08215,8111,192

424.4415.4453.5

25, 468

72, 80777,947136,48191,161

19, 295

25,87527, 324

.082543, 06241,21741, 00842,992

7832, 462.5200

14, 425742

8,8994,784

51, 517

.088764,13873,91571, 667

220, 384

30,06632, 24337, 591

4,5234,8582,816

103, 837

99,009956,96673,8966,407

296,87442, 232204,19050, 452528,984206, 873155,945166,166

83,50227,5459,53746,420

264,989

2,34616, 7751,348

469.2407.1672.029,140

73, 02475, 066129,20690,896

8,345

27, 87226,180

.104440, 04138, 28734, 76448, 262

4,9041,195.6452

27,3315,441

15, 2786,612

48,993

.101266, 87391, 42975, 781195,828

28, 45130, 95435.088

4,3214,3692,768

94, 274

105, 689990,35072, 3057,588

254, 26133,175172,05449, 032

466, 854163,115151, 271152, 468

89,00529.08912,29647,620

260,569

477.4421.0661.526,176

78, 67477, 578141, 21880, 832

24,427

28, 06531, 307

.121940, 44838,94340, 61348, 088

4151,991.7000

32, 0413,624

18, 6089,80949, 891

.105070,17690, 20477,904175, 800

19, 85623,69432,173

3,2504,2861,732

84,457

86,1961.002,38074.1667,039

226, 29131, 701153, 97240, 618457, 360151,979162, 518142, 863

78.16726,29214,38537,490

253,621

15, 29210,113

430.9379.0600.3

27, 587

78, 25680,144143,69276,680

21,105

31, 47630,907

.129345, 62942, 50644,88848, 826

3,0111,285.7000

48, 6275,441

29,89613, 28954, 925

.105072, 33274, 79567,211173, 337

27,98224, 29435,861

4,6194,0652,25678,400

87,8721,008,81381, 43910,487

302,80939,317206,13057,362467,577131,053160,936175, 588

76,53728,95414,98032,603293,315

513.4466.9665.0

26, 542

74, 47477, 591117, 734

12, 405

29, 85732,157

.131844,05341,21049, 63843, 233

1,774419

.7000

57,39622, 482

29, 2755, 639

51, 085

.105065,19876, 07465, 356

162, 461

26, 00323, 78238,082

4,1684,2002,254

60, 821

118, 3081,045,87681, 24511, 903

281, 51040,411188, 38752, 712360,15089, 049139, 879131, 222

66,30823,94417,55224,812

270, 843

521.9472.5682.9

26, 765

84, 356r 87,141120,820r 71, 507

18,898

31,11636,328

.149651, 23946, 69952,46541,990

0'60

.7000

25,7535,842

12,8237,08855,134

.105075, 376' 75,78867, 325162, 049

29, 45226, 07341, 461

4,8624,4412,675

67,140

11,7951, 077,832

14, 745

305,40646,175203, 63155, 600

388,95797,264159,496132,197

60,19614,56222,68322,951

282,408

14,9077,216

573.8532.3709.5

29,012

188,927 i '91, 203•'104.430 ''"108,464•'•115,379 > 118, 048••85,293 i '83, 980

18, 585

'31.65837, 581

.150053, 42448, 99550, 56844, 834

3, 93733

.8000

43, 93510,082

28, 9304, 923

56, 827

. 105073,89172, 24361, 715

163, 697

28,84925,32644, 984

4,8204,597

66, 597

no, 338968,114' 99,380r 13,337

313, 694r 49, 288210, 406

54, 000••416,216

95, 063-•175,282

145, 871

55, 29714,20922, 05019, 038

••244, 711

512.1445.9727.9

26, 857

18,113

30, 852• 34, 269

. 150053, 82249, 98450, 4S247, 233

1,40954

.8000

33,5820, 367

20, 3066, 909

57,181

. 105073, 97070, 80358, 827

166,864

r 29, 528r 23,185r 51, 327

4,9844,7463,137

66, 745

5,083874, 787

98, 41015, 432

288, 69944,837

194,18249, 680

410, 64892,349

157, 720160, 579

54,9169,928

24, 66420,324

209,800

548.6525.9623.0

25, 791r Revised. J Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.

Beginning April 1947, data include copper from all sources; earlier data relate to domestic and duty-free foreign copper except that deliveries included deliveries of duty-paidforeign copper for domestic consumption. Stock figure for April 1, 1947, comparable with later data, is 80,522 short tons.

2 Cancellations exceeded new orders. JData cover 9 companies since September 194;4 earlier data back to March 1943 covered 8 companies.cf For data for January 1942-April 1944 for the indicated copper, lead, and zinc series, see p. 24 of the June 1944 Survey. Total shipments of zinc include through September 1946

shipments for Government account in addition to shipments to domestic consumer and export and drawback shipments.§See p. 24 of the January 1947 Survey for available data for 1942-45 for cast-iron boilers and radiation; these series continue data in the 1942 Supplement.0Data are based on reports of 150 companies for 1946 and around 160 for 1947, covering almost the entire industry; it is believed that concerns added after 1945 had little or no pro-

duction in that year and data for 1945 were practically complete; in prewar years reports covered about 90 percent of the industry.*New series. 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 carier annual totals will be shown later. Data for range boilers, stoves and ranges, warm-air furnaces and water heaters are compiled by the Bureau of the Census and arepractically 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 beginning1944 for total shipments of warm-air furnaces are available in the May 1945 and later issues of the Survey. The data shown for gas cooking stoves and ranges were revised in theApril 1947 Survey to include combination ranges, or ranges designed to use two different fuels; gas is one of the fuels used in most of these ranges. For source of data on machine toolshipments and reference for 1940-42 data, see note on p. S-34 of February 1947 Survey.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


METALS AND MANUFACTURES—Continued

MACHINERY AND APPARATUS—Continued

Mechanical stokers, sales:!Classes 1, 2, and 3 .number..Classes 4 and 5:

Number , . . . . -Horsepower -

Pumps and water systems, domestic, shipments:c?Domestic hand and windmill pumps number..Water systems, including pumps, total _do.__.

Jet* do. . . .Nonjet* do

Pumps, steam, power, centrifugal and rotary, neworders _. thous. of dol_.

Scales and balances (except laboratory), shipments,quarterly:*... thous. of dol._

Sewing machines, heads, production:*Domestic. _ _..number..Industrial do

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=100..Motors and generators, new orders § do

Furnaces, electric, industrial, sales:Unit ...kilowatts..Value thous. of dol_.

Laminated fiber products, shipments .doMotors (1-200 hp):

Polyphase induction, billings doPolyphase induction, new orders doDirect current, billings doDirect current, new orders. do

Rigid steel conduit and fittings, shipments!-.short tonsVulcanized fiber:

Consumption of fiber paper ..thous. of lb__Shipments _. thous. of dol..

5, 851

27063,168

36,94654, 29021,55132,739

2,999

314,705

4,150

22, 218

4,7711,625

13,893

30975,074

27,74146,15523,04223,113

2,648

7,150

33,8388,909

1,377

184,182178,8415,341

172,195

227465

9,099606

2,878

5,87313,095

9731,73516,129

3,247824

17,503

33083,958

22,66354,53127,42127,110

4,014

34,59610,788

1,161

199,722192,6557,067

168,500

252432

9,379771

3,268

6,15413,377

9871,58915,705

3,1831,056

20,354

42770,827

25,00360,25128,88931,362

3,789

27,2967,364

1,471

234,148226,0608,088

189,778

284501

2,1043,507

7,51915,4451,2342,06721,471

3,7901,288

19,437

45063,055

24,08255,48526,73728,748

3,223

7,751

35,2499,695

1,318

223,039216,2196,820

184,215

294471

8,240714

3,761

7,87113,8081,0111,74118,683

4,1251,330

17,269

45478,454

30,55268,28934,72833,561

3,581

50,04212,760

1,355

266,062259,1536,909

247,816

351508

4,869647

4,328

8,62114,7561,3442,20420,742

5,0591,765

14, 946

35758,495

28,91757,98630,10327,883

3,260

43,22010,832

1,150

268,432260,5727,860

216,634

331438

4,227600

4,074

8,43711,9621,2221,215

20,533

4,7411,640

7,594

33949,903

23,43462,31934,141

28,178

3,035

9,86443,84310,764

1,213

272,949265,3647,585

190, 770

337533

3,615322

4,168

9,86113,8751,8253,62024, 252

4,2411,701

4,282

21554, 852

26, 73759, 54531,12528, 420

3,428

47, 06312, 506

1,509

265,790258,8926,898

259,233

7,528789

4,550

18,297

5,0041,942

2,306

17752, 705

28,31064, 45533,93030, 525

3,506

46,06811,368

1,601

279,219272,9276,292

•255,611

373

5,060476

4,471

18, 757

4,4881,744

28056,661

36,26162, 58632,77329,813

3,464

10,100

51,38411,687

1,798

327, 528321,5156,013

•290,397

405

6,514551

4,859

i 29, 589i 38,33214,359,

i 5,31820,0884,5981,757

4,061

17457, 563

36, 57870, 79235,67135,121

3, P38

14,002

1,868

320,969

405

8,8541,0794,687

21,110

4,8241,791

5,281

17052, 981

r 38, 745•61,045' 29,173' 31,872

2,973

11,835

1,873

313,724

3,586389

4,092

22,141

5,0861,758

PAPER AND PRINTING

PULP WOOD AND WASTE PAPER

Pulpwood:*Consumption thous. of cords (128 cu. ft.)__Receipts, total _ . . .doStocks, end of month do

Waste paper:*Consumption... short tons..Receipts _ doStocks do

WOOD PULPExports, all grades, total} short tons.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 _ do...

Bleached sulphate do.._Unbleached sulphate do.. .Bleached sulphite.. _ do.. .Unbleached sulphite do._.Soda do._.Groundwood do.. .Defibrated, exploded, etc.* do...

Stocks, end of month:fTotal, all grades do.. .

Bleached sulphate .do. . .Unbleached sulphate do_._Bleached sulphite do._.Unbleached sulphite do.. .Soda do...Groundwood _. _do

1,6321,6963,815

642, 650649, 812477,944

1,5141,6042,942

578, 075606, 548426, 750

6,057150.21610, 58426,48237,75749,8181,928

23,647

900,62977,336

323, 722138, 98665, 45538,386149, 84058, 955

85, 3136,2918,01314, 36311, 8002,329

39, 252

1,4231,7233,241

558, 257596, 609464,831

4,780212,6979,75764,10937,43978,1761,249

21,967

829,37871.931309,614132, 57556, 67537, 583133, 61441, 706

83,1786,6846,77317, 93311,0432,448

34, 940

1,5581,9203,639

635,827635, 567460,946

3,591147,4173,26333,86433,98849,5741,529

25,199

915,09980,170331, 586143,18469, 27242, 655140, 02756, 589

77, 6066, 0216,43017,18513, 6052.72628,230

1,5031,8213,956

607, 231604,136453,896

4,334133,1416,34832,89328,10449, 8221,55614,418

880,19876,008

314,645135,18564, 40738,947132, 78771, 548

71,9167,1938,35016,71312,1542,69021,381

1,6281,7054,034

680,047707,738481,398

2,302152,7077,56229, 29231,11362, 4591,41020,871

980,65379, 811343,457152, 65475, 73242,010159,87375, 279

72, 4327,5897,86517, 62015, 3992,48117,943

1,5851,3823,818

651.974636,387464,676

1,947135,001

7,81828,05126,93851,986

1,07019,138

947,33577, 472

336,697144,60571,71140, 717

158, 71469, 915

76, 5906,2188,765

18,61515, 294

2,61121, 423

1,4731,4383,780

596,247634,491515,361

2,737136, 4289,27120, 73535, 29750,6361,770

18, 719

886,56775,135304,130141,35867,04739,154149,55866, 796

70,6096,8367,222

20,3269,5132,088

22, 897

1,6661,7093,814

678, 241657.165492, 702

6,475167, 97715, 53738, 92139, 66153, 0751,318

19, 465

997. 64587,764350,101159, 57175, 06042, 343

164, 70373, 111

74, 8877,5428, 54519, 5008,6102,43125,971

1,5231,8614,153

620,667587, 481458,826

9,534160,79120, 56726,61538,31854, 5961,69918,996

913,07979, 766

321,127146, 90768, 90137,696150.58765,485

74,4656,9907,80917,7479,9382,80827,188

1,7021,8194,255

684,637667, 975435, 411

15,150141, 99514,13217, 87239, 61048,1901,597

20, 594

1,012,85889, 792

354, 293162,27073, 96742, 092167,99576,061

79, 6947,4477,043

21, 00411,1282,422

28, 630

1,6471.4304,035

668, 727711, 509475, 915

13,140•148,92113, 40221,67343, 417

r 44,0221,621

24, 786

984, 62287,175337, 047160, 22374,13141. 655

167, 72774, 712

83, 7866,9268,331

20, 56410, 645?-, 052

32, 046

'1,714' 1,465' 3, 767

693,879697,152473,917

14,161175, 067

19,98828, 66940, 33059,488

1, 59225, 000

1,038,34192, 484

366, 873164, 791

79,13343, 324

171,905r 76, 000

9?, 7607,0797,545

26, 28413,5272,709

35, 452r Revised. (i) Data are for January-March. d"It is believed that data shown currently and also earlier data for recent years are substantially complete.1 Data cover almost the entire industry; in prewar years the reporting concerns represented over 95 percent of the total.}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 monthly index of orders received of motors and generators will be released quarterly beginning with the second quarter of 1947.• Data for washers are from the American Ironer and Washer Manufacturers' Association and cover electric and gasoline washers, excluding small or midget types; the 1946 data

are as reported by companies representing around 97 percent of the industry according to comparison of the January-September total with data for that period collected by the Bureauof the Census; 1947 data are revised estimated industry totals. Data for vacuum cleaners are from the Vacuum Cleaner Manufacturers Association and cover total sales, excludingrebuilt cleaners, by the industry; data for hand type are comparable with figures in the 1942 Supplement: data for floor type shown in that volume include rebuilt cleaners and aretherefore not entirely comparable with figures shown above (comparable monthly average for 1941, 139,177).

•New series. See note in the February 1947 Survey for source of data for automotive replacement battery shipments, pulpwood and waste paper; all series are industry totals. Datafor 1939-45 for jet and nonjet water systems will be shown later. Data for scales and balances and sewing machines are from the Bureau of the Census and are practically complete,data prior to 1946 will be shown later (collection of data on the production of domestic sewing machines has been discontinued). Data beginning 1941 for production ofdefibrated,exploded, etc., wood pulp also will be shown later.

fRevised 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. Datafor rigid steel conduit and fittings were revised in the July 1946 Survey (see note in that issue for explanation). Revised wood pulp production for 1940-43 and sulphite stocks for 1943are shown on p. 20 of the December 1944 Survey and revised 1942 stock figures for all series are on pp. 30 and 31 of the June 1943 issue; revisions in the 1943 data for groundwood andtotal production shown in the December 1944 Survey and unpublished revisions in the 1944 production data for these two series will be shown later; beginning in the May issue, datafor total production of wood pulp include defibrated, exploded, etc., pulp, shown separately above, which was not included previously; stocks of such pulp are comparatively smalland are not included in the stock figures; stock data are stocks of own pulp at mills.Digitized for FRASER




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


PAPER AND PRINTING—Continued

PAPER AND PAPER PRODUCTSAll paper and paperboard mills:*

Paper and paperboard production, total..short tons..Paper .doPaperboard doBuilding board... -do

Paper, excl. building paper, newsprint, and paperboard(American Paper and Pulp Association) :f

Orders, new short tons..Production doShipments do

Fine paper:Orders, new doOrders, unfilled, end of month _ _doProduction doShipments dpStocks, end of month do

Printing paper:Orders, new _doOrders, unfilled, end of month do^..Price, wholesale, book paper, " B " grade, English

finish, white, f. o. b. mill ___dol. per 100 lb_.Production _ short tons..Shipments... doStocks, end of month.. do

Wrapping paper:Orders, new doOrders, unfilled, end of month doProduction doShipments doStocks, end of month do

Newsprint:Canada:

Production doShipments from mills .doStocks, at mills, end of month do

United States:Consumption by publishers. doImports 1 _- _ . . .doPrice, rolls (N. Y.) dol. per short ton..Production short tons..Shipments from mills .doStocks, end of month:

At mills.— . . . . d o . . . .At publishers _ doIn transit to publishers.._ do

Paperboard (National Paperboard Association):!Orders, new doOrders, unfilled, end of month .doProduction do

Percent of activityWaste paper, consumption and stocks: §

Consumption short tons..Stocksat mills, end of month do

Paper products:Shipping containers, corrugated and solid fiber, ship-

ments* mil. sq. ft. surface area..Folding paper boxes, value:*

New orders 1936=100..Shipments 1 do

PRINTINGBook publication, total no. of editions..

New books doNew editions.. _ do

1,729,087883,163726, 304119,620

691,780704, 830692, 237

106, 080158, 250100, 20097,20550, 500

235,125270, 793

9.80248,180242, 03275,802

255, 575170, 575260, 500256, 50065,875

355, 606375, 49890, 431

292, 664

90.0067, 26866, 743

11,951228, 79371,664

715, 054461, 226737, 551

101

424, 391299, 507

4,662

343.8447.6

531426105

1,596,773820,090677,68199,002

669, 564671,335677, 096

108,191175, 43797, 79099,68459,500

214, 214252, 603

8.00226,110288, 04953, 512

254, 258194, 966254, 348256, 63065,970

334, 207322,805123,161

259, 284276,95967.00

61, 24161,671

6,416209, 78452,155

682,472568, 733687,700

97

374, 295283,996

4,730

362.7331.3

679556123

1,474,261766,906635,30472,051

659, 247613,822613, 441

100, 854187,92489,32085, 82456,150

225,529258, 456

8.00206, 408206,95853,225

247, 518197,977237, 498237,17065, 867

357, 027364, 591115, 597

243, 072326, 39971.08

62, 74260, 249

8,909226, 57761, 735

729,294632,141675,600

369,803315, 236

4,763

361.0300.5

536422114

1,684,906864,982729, 44590,479

646,889704,694701,343

85,449161, 480103,16199, 59253, 504

202,087229,328

8.28236, 530237,85755,331

261,804193, 693266,987267, 25464,162

370, 676356, 572129, 701

257,303295,93473.8065,12967, 206

6,832243,33164,331

742,918575,021768,200

439, 696313,975

5,233

381.0368.3

510401109

1,596,187799,698687,473109,016

681,582648,551632,877

101,055176, 28892,57388, 03759,081

234,622241,498

8.55219,460213,13759,320

253, 345213, 506248,021243, 72872,263

330, 063335, 874123, 890

265, 583293, 22874.00

61, 02555, 587

12, 270240,60260, 634

712,650580,228692,200

96

299, 218

4,919

414.6351.5

656532124

1,751,147888,293737,648125,206

745, 909721, 964736,737

109,332174,098102,908112, 53754,635

254, 603248, 257

8.55246, 718249,93362, 013

278, 773214, 298274, 416276,00571,230

376,436387, 294113, 032

292,205305,77780.00

67, 248

12, 552217,30382,167

806,828613,221781,700

420,867309,990

5,512

440.2409.4

848675173

1,674,107845,207708,949119,951

640,569690,813695,803

81, 565159, 403100,943104, 24552, 578

212, 033221,908

8.55230,394235,02850, 504

252, 261197,134264,614264, 765

364,304391, 38885,948

291, 517323,45784.00

64, 73962,107

15,184217,43879,676

703,825555,398750, 900

474, 317304,100

5,242

363.8397.0

863704159

1,577,751803,350659,340115,061

644,338654, 939649,478

84,304161,50294,87093,03752,970

223,580

9.30223,860215,96755,100

245,954191, 210248,937252,87467,131

341,951340,12587,774

294,835318, 57684.0062,08862,054

15,218219,47873,328

697,357542,896688,646

92

397,478321,434

421.4405.9

846621225

1,764,493892,871752, 393119, 229

809,564728,303726,511

114,900166,112105,100107, 50447,939

314,706290,502

9.30252,360250,42957,113

279,440186,735272,357272,05064,128

370, 000344, 543113, 231

266, 422294, 04284.0068,63469,492

14, 360231, 69475,602

802,016586,121774,667

450, 740313, 398

5,475

490.3474.5

470372

1,629,117820, 583701,075107,459

671,294666,630667,801

93,388161,08597,60898,09547, 596

235,764296,114

230,039226,67660, 440

249,396184,065249,470252,12761,972

341, 268319,831134,668

258,424260,81584.0062,80265, 226

11, 936224, 45369,466

713,834577, 777718,072

103

416,935274,850

5,289

445.6439.7

557436121

1,800,239901,973773,441124,825

738, 255732,863721,800

119,009166, 788106,484105,15347,880

252,988292, 367

256, 045249,86267,234

270,461182,985271,949269,49759,211

372, 482373, 769133,381

302,672322, 35784.0067,91668, 872

10,980206,06473,699

747,358549, 774747,115

103

456,127266,879

5,566

414.5470.9

1,027808219

1,754,410885, 366751,198117, 846

'692,057r 711, 517r 709, 453

' 102,900'165,340' 102, 434' 100, 644r 48, 985

'238,918281,212

9.80• 252, 348• 252, 770' 63, 943

'252,330'178, 430•256,878"256, 026' 59, 788

369,490376, 305126, 5P-6

297, 461315, 33490.0071,93373,988

8, 925215,99568, 773

770,304582, 603765, 026

100

445,180289, 297

5,438

414. 4483.0

852678174

1,835,620931,506•776,381127,733

•715,757750,396744, 357

' 90, 518148,310107,591108,356r 49, 285

260, 627273,275

9.80263,677257, 570' 68, 516

263,424161, 563276,941275,131r 60, 225

384, 520400, 763110, 323

302.994328. 74790.00

73, 49870,997

11,426212, 72464, 985

760, 236511,918805, 744

101

464, 323293, 347

'5,245

399.7458.9

8116-50161

PETROLEUM AND COAL PRODUCTS

COALAnthracite:

Exports^ thous. of short tonsPrices, composite, chestnut:

Retail dol. per short ton..Wholesale.. do

Production thous. of short tons_.Stocks, producers' storage yards, end of mo.© .do

Bituminous:Exportsf _ 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

r 16.1713. 520

4, 597

Retail deliveries _._ do i

366

15.2812. 7263,636

63

3,245

34, 01229, 548

5716,309

5755,0248,257

5828,2304,464

657

16.5513.6225,263

83

5,418

39,23532, 744

7167,551

6325,7148,720

6718,7406,491

761

16.5613. 5845,444

94

5,874

41, 56533,958

7887,781

6756,3149,092

7608,5487,607

717

i 16.8113.5935,048

132

5,070

42, 42434,041

7297,578

6566.2808,790

7259,2838,383

546

116.7813.5935,409

200

4,185

46,69836,714

8677,814

6936,7089,571

85010,2119,984

556

i 16.8013. 5974,990

236

3,644

44,51635, 401

5626,992

6946,4478,879

79911,0289,115

957

i 16.6313.6205,080

251

1,712

45,94037,281

5996,757

6766,7329,515

87112,1318,659

577

16.8713. 7685,155

284

3,253

55, 78842, 843

8777,964

6587,158

10,104943

15,13912, 945

406

16.8413.7534,240

292

3,233

52,39939, 855

7987,245

6076,5949,431

90414, 27612, 544

528

i 16. 8313. 7674,967

321

4,168

52, 48741,498

8958,025

6516,938

10,137947

13, 90510,989

880

116. 8213. 6524,279

4, 555

831

r 1 10. 1713. 460

4, 549

7,546

r Revised. ^[Data continue series in the 1942 Supplement; data for October 1941-Febmary 1945 will be published later.§Estimatcd; see note in April 1946 Survey for basis of estimates.i The comparability of the data is affected by a gradual reduction m the number of cities, or changes in the number of dealers or the number of quotations included in the aver-

ages from August 1946 to date; averages for August, September, November, and December 1946 and January 1947 comparable in each case with data shown above for the followingmonth are $16.54, $16.80, $16.62, $16.60, and $16.85, respectively; data for February-June 1947 are directly comparable; in other months comparability was affected only slightly.

©Publication of anthracite stocks has been discontinued and collection of data for consumption of bituminous coal has been indefinitely discontinued.JFor revisions for January 1942-March 1943, see note for paperboard at bottom of p. S-35 of July 1944 Survey; small revisions for January 1944-April 1946 are available on request.f Revised series. The series from the American Paper and Pulp Association beginning in the August 1944 Survey are estimated industry totals and are not comparable with data

in earlier issues; there have been further small revisions in the 1943-44 data as published prior to the June 1945 issue; these revisions and earlier data will be published later.•New series. The new paper series are from the Bureau of the Census and cover production of all mills including producers of building paper and building boards; for 1942 monthly

averages and data for the early months of 1943, see p. S-32 of the August 1944 issue. For data beginning 1934 for shipping containers, see p. 20 of the September 1944 SurveyFor data beginning June 1943 for folding paper boxes, see p. S-32 of the August 1944 Survey; earlier data will be published later. Minor revisions in the January-May 1944 figures fofolding paper boxes and January 1943-May 1944 data for shipping containers are available on request.Digitized for FRASER



Unless otherwise s ta ted , stat ist ics th rough 1941and descriptive notes may be found in t he1942 Supplement to t h e Survey

1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


PETROLEUM AND COAL PRODUCTS—Continued

COAL—Continued

Bituminous coal—ContinuedOther consumption:

Vessels (bunker)§ thous of short tonsCoal mine fuel©

Prices, composite:Retail (34 cities) dol. per sh(Wholesale:

Mine runPrepared sizes

do

)rt ton_.

dodn

Production!© - thous. of short tonsStocks, industrial and retail dealers, end of month,

total© thous. of short tons..Industrial, total <^n

Byproduct coke ovensCement millsElectric power utilitiesRailwavs (class I)Steel and rolling mills _Other industrial

Retail dealers, total

dododododododn

COKE

Exports § thous of short tonsPrice, beehive, Connellsville (furnace)

dol. per short ton_.Production:

Beehive thous. of short tonsByproductPetroleum coke

Stocks, end of month:Bvproduct plants, total

At furnace plantsAt merchant plants

Petroleum coke

PETROLEUM AND PRODUCTS

Crude petroleum:Consumption (runs to stills)t -thous.Exports^Imports§Price (Kansas-Okla.) at wells . . . . . . do l . iProduction! thousRefinery operations pet of caStocks, end of month:

Refinablein XT. S.f.. thousAt refineries _ _ .At tank farms and in pipe linesOn leasesf

Heavy in California

dodo

dodododo

ofbbl..dodo

)erbbl__ofbbl,.pacity..

ofbbl..do .dodo

Wells completed! - numberRefined petroleum products:

Gas and fuel oils:Domestic demand :§

Distillate fuel oil thousResidual fuel oil

Consumption by type of consumer:Electric power plantsf -Railways (class I)Vessels (bunker oil)§

Exports: §Distillate fuel oilResidual fuel oil

ofbbl..do

dododo

dodo

Price, fuel oil (Pennsylvania) . . .dol. per gal._Production:

Distillate fuel oil thous. of bbl_.Residual fuel oil fin

Stocks, end of month:Distillate fuel oilResidual fuel oil

Motor fuel:Domestic demand§___ _ .thousExports§

dodo

of bbl__dn

Prices, gasoline:Wholesale, refinery (Okla.) .dol. per galWholesale, tank wagon (N. Y.) . . do.Retail, service stations, 50 cities _ do _

Production, totalf thous. of bbl__Gasoline and naphtha from crude oil • doNatural gasoline and allied products*! do

Sales of 1 p. g. for fuel and chemicals doTransfer of evele products -Used at refineriesf

Retail distributiond* _ mil.Stocks, gasoline, end of month:

Finished gasoline, total .thousAt refineries

Unfinished gasoline _ -Natural gasoline

dodo

of gal. . .

. ofbbL.do

..do

. . d o . . . .

i12.10

6.3686.581

9.562

*>450

1,810

.075

.080

.172

.171

88222

10.93

5.8326.094

50, 579

37, 77735, 2133,630

48211, 4307,297

62411,7502,564

82

7.500

3674,418

159

61636025685

145,0693,4016,2681.210

146,89096

223,14055,119

152, 78615, 2354,9211,396

14,85039,283

2,8516,8595,967

3,684351

.058

23,32036, 569

38,82441,492

63,2212,555

.058

.149

.14264, 34556.705

9,5011,752

1094,9402,619

83, 72650,9118,2457,343

138223

11.23

5.9496.186

51, 350

43,61140, 4503,871

59112, 5947, 641

64215, 1113,161

113

8.750

4685,323

168

709361348

78

150,5414,2917,8131.260

152, 58698

224,35153, 532

155,65615,1634,9681,241

15,09836,734

2, 5126,9035,547

2,540578

.058

24,58936,060

46, 43945, 446

69,0442,321

.060

.151

.15167,44559,921

9,5581.928

1065,2292,856

79,38448,0778,3947,334

146240

11.23

5.9726.194

54,686

47, 99044, 5675,230

76813, 9078,117

84315, 7023,423

97

8. 000

5245,462

186

807398409

72

150, 5504,6027,6311.460

149, 91096

224,15754,785

154, 50114,8715,0661,425

13,82837,925

2,9636,9505,374

2,715321

.062

23, 70335, 942

54,06848,186

66,7013,604

.068

.158

.15569. 70762,079

9,8212.085

1085,7742,784

78,83347, 3477,9126,943

134224

U1.10

5.9766.199

51, 922

52, 36748. 965

5,924891

14, 5638,800

85517, 9323,402

93

8.750

4855,345

190

949503446

89

145,1813,6878,1541.460

143, 70896

222, 41753, 894

153,46915,0545,4011,333

14,52033, 509

2,9146,7293,695

1,992730

.062

23,87734,512

62,01954,012

62,2163,608

.070

.159

.15566,28458,9149,5742,082

1225,3902,555

78, 84847,0218,1737,060

140237

l11 . 08

5.9896.200

57, 485

54, 92451,5326,5931, 046

15,6389,274

88818, 0933,392

76

8.750

5575,512

212

1,120653467

96

146, 8164,6227,1491.460

148, 32394

222,17752,074

155,43414,6695,4831,434

18,13137,014

3,2807,2492,367

891550

.062

24,43233, 777

67,87055, 580

66,5982,386

.070

.159

.15567,30559.60710,2752,444

1336,0232,701

77,62846, 2448,3246,312

135158

U1.14

5.9986.212

37, 501

52, 42949, 5466,3551,054

14, 5497,587

87719,1242,883

78

8.750

3614,925

191

1,034602432

93

140, 5143,7946,1761.485

144, 67493

226, 45353,344

158, 20714,9025,3351,314

23,11041,497

4,3727,3075,002

758316

.062

23, 74133,015

68,14552,735

61,3153,068

.070

.159

.15666,07258,63610,1552,604

1156,2322,498

79,98047, 5818,6075,487

88179

i 11. 22

6 0446.305

43, 746

47,15744, 453

5,222887

13,0446,959

78517, 5562,704

49

8.750

3814,769

197

92957135890

148,1713,5428,4221.560

146, 47195

224, 47353,113

156, 23815,1225,7031,248

32,45047, 405

5,3137,6075,579

1,273831

.066

24,97035,937

59,62047,094

61,0433,688

.070

.161

.15769, 02861,38710, 6512,870

1405,8132,518

84,53451,9278,2084,981

77249

i 11.82

6 2176 498

58,970

49,16946, 003

5,919861

13, 2087,673

90917, 4333,166

49

8.812

5625,619

203

79752327494

146,8972,5298,9561.560

144,80094

223,84855,833

152,98815,0275,5841,453

35, 29448, 299

4,4267,4605,818

876733

.070

24,13136, 390

48,19741, 550

57,0572,892

.070

.161

.15865, 90458, 56010,6513,148

1595,8592,319

90, 30057,0669,3234,794

91214

U1.97

6 2306 518

51,400

49, 47147 3406.645

88113, 4537,682

98517, 6942,131

38

8.875

5145,129

178

71652718977

134, 9532,6108,1721.560

134, 69395

225,12157,106

153,16014, 8555,7901,196

31, 68743, 308

3,6966, 5375,710

1,751713

.070

21, 74634, 390

36, 90138, 480

50, 5514,832

.070

.161

.15960, 48553, 5919,9442,931

1194.9082,173

94, 98561, 3328,6875,010

125233

i 11.99

6.2526.524

54,995

51,67449, 5477,429

93514,0598,2621,141

17, 7212,127

69

8. 875

5805,658

209

67650417291

150,1203,2578,9161.710

152,16094

228,98159,310

154,63715,0345,9991,358

29, 27945,852

3,5647,1386,164

2,093672

.071

25, 57737,876

31,42337,403

59,9474,091

.076

.167

.17166,70159,06911,0333,252

1495,2712,449

96,95263, 0898,7275,265

150

i 12. 00

6.3346.561

41,120

76

9.062

4295,383

195

65246019189

141,2103,9997,8461,810

149,22894

235, 71060,386

160,48414,8405,9531,247

21,32142,140

3,4626,6756,132

2,766635

.073

22,92534,438

30, 26836,455

' 63, 4063,358

.080

.172

.17163,37455, 50210,8032,797

1345,6182,605

' 92, 719r 58, 852

9,0055,604

200

112.09

6. 3346.565

98

9.125

5935,531

218

67144522684

153,3484,7898,3611,810

156,02495

237,76859,013

163,74015,0155,8251,626

19,26240,057

3,2646,6536,470

2,189593

.075

24,95437,328

34, 27939, 992

70,8653,480

.080

.172

.17168, 53560,68110,3922,396i 142

5,300

86, 72754,7528,4825,566

••Revised, d1 See note in April 1946 Survey. • Combined total of data formerly shown as straight run gasoline and cracked gasoline.1 The comparability of the data is affected in some months by a reduction in the number of cities or by a change in the sample; averages for August, September, November, and

December 1946 and January 1947 comparable in each case with data shown above for the following month are $10.93, $11.07, $11.12, $11.40, and $11.94, respectively; February-June 1947are directly comparable and cover 30 cities.

©Collection of data for the indicated coal series has been indefinitely discontinued.§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.fRevised series. For source of 1939-41 revisions for bituminous coal production, see note marked "f" o n P. s~32 of the April 1943 Survey; revisions for 1942-43 are shown on

p. S-33 of the April 1945 issue; revisions for 1945 are shown on p. S-36 of the March 1947 Survey. For 1941 revisions for the indicated series on petroleum products see notes marked" t " on p. S-33 of the March and April 1943 issues (correction for crude petroleum production January 1941, 110,446); 1942-43 revisions are available upon request.

tlncludes natural gasoline, cycle products, liquefied petroleum gases at natural gasoline plants, and benzol; sales of liquefied petroleum gas for fuels and for chemicals and trans-fers of cycle products are deducted before combining the data with gasoline and naphtha to obtain i otal motor fuel production.



and descriptive notes may be found in the1942 Supplement to the Survey

1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


PETROLEUM AND COAL PRODUCTS—Continued

PETROLEUM AND PRODUCTS—Continued

Refined petroleum products—ContinuedKerosene:

Domestic demand§ thous. of bbL.Exports§ doPrice, wholesale, water white, 47°, refinery (Penn-

sylvania) dol. per gal..Production thous. of bbl.Stocks, refinery, end of month do

Lubricants:Domestic demand§ doExports§ d°Price, wholesale, cylinder, refinery (Pennsylvania)

dol. per gaL.Production thous. of bbL.Stocks, refinery, end of month _do

Asphalt:Imports§ short tons..Production _..doStocks, refinery, end of month do

Wax:Production thous. of lb._Stocks, refinery, end of month do

Asphalt prepared roofing, shipments:!Total thous. of squares..

Smooth-surfaced roll roofing and cap sheet-..doMineral-surfaced roll roofing and cap sheet.-_doShingles, all types do

.082

.330

5,1851,566

.0708,3769,063

2,7151,054

.1603,8397,635

8,588738, 200907,600

65, 52081,760

5,0451,5751,0992,371

5,339976

.0718,43510,490

3,049910

.1603,6207,293

9,052851,800819,600

60,48073,920

5,2131,6531,1052,456

4,321767

.0748,17912,382

3,2361,135

.2004,0967,030

18,772871,300691,800

69,16073,360

5,5161,8371,1282,550

5,284701

.0747,82513, 442

3,095694

.2144,0167,244

27,811827,800626, 500

68,60083,160

5,2641,6331,1462,486

7,502312

.0748,56613,926

3,536706

.2484,3277,338

8,253806,500577,800

74,48084,840

5,6461,7601,2372,649

414

.0747,89312,734

2,900906

.2503,8577,384

0670,400622, 200

79, 240

5,3281,7251,1682,435

11, 513664

.0758,7829,772

2,9001,063

.2744,1357,564

615,800702,000

79,80086,240

5,2311,6911,1342,407

12, 325394

.0769,4157,299

2,9511,104

.2984,2047,773

11,389540, 500781, 800

83, 72082, 040

5,8271,9421,2872,598

10, 532930

.0769,2436,126

1, 258.

.3003,9257,753

19,144532,400888, 200

81, 76085,120

5,3001,8861,1622,252

10, 0781,017

.0789,4765,260

2,9291,273

.3084,4808,015

12, 022602, 7001,001,800

93, 52091, 560

5,8091,9691,2732,567

8,082889

.0818,8544,870

3,0661,259

.3104,2677,936

21, 923606, 7001,028,500

80, 08085, 680

6,0971,9971,3262,775

6,068202

.0829,2847,328

3,1041,361

.3104,6088,070

20, 323789,3001,063,100

89,60089,320

5,9681,7981,3992,771

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption^ long tons..Imports, including latex and Guayule § doStocks, end of months - do

Synthetic rubber:*Consumption doExports doProduction _ doStocks, end of month... do

Reclaimed rubber:^Consumption doProduction doStocks, end of month do

TIRES AND TUBES

Pneumatic casings:§Exports .thousands-Production do.. .Shipments do._.

Original equipment- do._.Stocks, end of month do.. .

Inner tubes:§Exports do___Production __ doShipments do.. .Stocks, end of month ___do.__

16,4669,545

176,768

62,8995,36763,38894,095

21,72524,88235, 295

2356,3236,503937

3,276

2055,9175,9424,404

21,99821,627169,490

54,5623,16663,176101,007

21, 35022,61935,603

2485,9856,3041,5342,819

1925,8266,1703,907

28,40535,731185, 580

61,4862,188

64, 300103,076

24, 56625,79835,742

2647,0546,8251,689

1937,0346,9183,929

31,12341,737199, 591

58,7982,60363, 765108,840

23, 71523,95635,404

1557,2336,9471,6363,372

1097,1486,7024,433

35,42146,887200, 799

60, 729487

62, 086110,913

26, 70626, 32234,261

1988,1978,4251,8743,041

1258,187

4,106

37,32359, 266

218, 672

57,7941,786

60, 305113, 556

24, 38524, 74833,516

3587,5957,4781,6563,112

2587,6807,2604,483

38, 80246, 658237,467

53,4531,877

114, 963

23, 59725, 25433,666

4137,5118,1371,8392,448

3137,4027,9233,820

45, 32892, 779294,191

58, 7643,45062,103115, 655

27, 71525, 54530, 053

4118,5087,4991,9223,328

3348,7197,1885,075

40, 98360, 678

283, 479

53, 3212,43459,125119,912

25, 48423, 99027, 417

3537,9157,3602,1383,865

2827,8416,2896,621

43,10436,088

280, 812

55,514710

57, 478121,322

26,15726, 20931,940

3638,5777,8922,4574,516

2977,9216,4668,050

43, 81846,011

292, 970

54,333665

50,117116, 829

25, 06626, 69633, 527

4198,3337,2731,8945,608

3377,0935,7319,480

43,09893,026

331, 781

48, 663441

39,069106,848

21, 69725,39237, 223

5028,1047,2832,0056,426

4755,7525,5719,772

STONE, CLAY, AND GLASS PRODUCTS

ABRASIVE PRODUCTS

Coated abrasive paper and cloth, shipments reams. _

PORTLAND CEMENT

Production _ thous. of bbl__Percent of capacity

Shipments 1 __.thous. of bbl._Stocks, finished, end of month doStocks, clinker, end of month do

CLAY PRODUCTS

Brick, unglazed:Price, wholesale, common, composite, f. o. b. plant

dol. per thous..Production* thous. of standard brick..Shipments* doStocks, end of month*. __do

Structural tile, unglazed:*Production _ short tons..Shipments .doStocks _do

Vitrified clay sewer pipe:*Production doShipments doStocks do

134,834

15,97181

18,18817,0925,744

19. 550

147,807

14,48973

14, 56411,8944,928

17. 932376,587354,086235,490

104,10799, 70652, 285

92, 36998, 634

129,427

140,813

15,42075

16. 24911,0644,788

18.074481,547447,614263,564

119,041117,72356, 608

107,901104.072134,529

161,631

16, 21379

17,9559,3084,580

18. 218501,287481,377286,534

125,352124,29356,923

108,042108,446133,143

150,726

16, 45083

17,1538,6123,898

18. 519470,998443,647310,814

116, 845115, 474

57, 664

99, 000106, 518125, 491

166,649

16, 41081

17, 7217,298

18. 551509,839480,121339,129

128, 276122,157

62, 633

116. 567110, 751131, 330

164, 733

15,33578

14,8037,8303,512

19. 010455,676424,705368,953

123,976107,83380, 497

102,85798, 495

134, 560

145, 383

14, 55771

11,49410, 9213,886

19.095381,146354,782383, 824

113,682102, 27887, 580

103,135103, 313137,887

151,364

13,40666

8, 39515,9314,693

19. 270376, 848324, 868448, 752

112,11997, 764101, 950

112,992103, 896143,194

143, 017

12, 61868

8,43420,1125,354

19. 292334,624268, 460509,022

97, 42182, 505116, 503

104, 50493, 241154,653

158,716

14, 20569

12,13322,1785,996

19.400339, 963326,776522, 627

97,44396,050118, 075

109, 254107, 758156,061

155,873

14, 56674

15,414r 21,331r 6,338

19. 412377,586382,610515,806

107,543107,101118,637

101,914107,851150,033

146,352

13,38966

• 15,328• 19,308' 6,326

19. 416410, 744400, 530526, 649

104, 978104,863115, 773

117,071114, 545152, 410

r Revised. §Data continue series published in the 1942 Supplement but suspended during the war period. Data for 1941-45 for tires and tubes and imports of natural rubber areshown on pp. 22 and 23 of the December 1946 Survey. Data for October 1941-February 1945 for other series will be published later.

\ For source of the indicated series and 1941-45 data, see p. 23 of December 1946 Survey; these data continue similar series published in the 1942 Supplement.* New series. Data for 1943-45 for exports of synthetic rubber and for 1941-45 for other synthetic rubber series are shown on p. 23 of the December 1946 Survey. For September

1942-December 1943 data for brick see p. 24 of the February 1945 Survey and for 1939-45 data for clay sewer pipe, p. 23 of December 1946 issue; data for September 1942-February 1945for unelazed structural tile are shown on p. 20 of the April 1947 Survey.

tData for asphalt roofing have been published on a revised basis beginning in the April 1945 Survey; see note in that issue.



Unlessand1942

otherwise stated, statisticsdescriptive notes may beSupplement to the Survey

through 1941found in the

STONE

1947

June June

, CLAY,

July

AND

August

GLASS

1946

Sep-tember

Octo-ber

Novem-ber

Decem-ber

PRODUCTS—Continued

1947

Janu-ary


GLASS PRODUCTSGlass containers :f

Production.. thous. of gross.Shipments, domestic, total - do...

General use food:Narrow neck food doWide mouth food (incl. packers tumblers) __do..-

Beverage- _-. do...Beer bottles do...Liquor and wine do...Medicinal and toilet doGeneral purpose (chem., household, indus.)__do.._Dairy products _ do...Fruit jars and jelly glasses .do...

Stocks, end of month... _ do...Other glassware, machine-made:

Tumblers :fProduction thous. of doz.Shipments . , . ._ . . .do.. .Stocks .do.—

Table, kitchen, and householdware, shipments tthous. of doz.

Plate glass, polished, production.. thous. of sq. ft.

GYPSUM AND PRODUCTS

Crude gypsum:Importsd1.. short tons.Production do...

Calcined, production. doGypsum products sold or used:

Uncalcined doCalcined:

For building uses:Base-coat plasters .do...Keene's cement do...All other building plasters do...Lath _ thous. of sq. ft_Tile do...Wallboarde do...

Industrial plasters short tons.

9,6198,316

9281,6501,0931,616663

1. 309'433305320

6,854

6,2105,2617,729

3, 33121,026

8,991

8652,502

653415

1,0591,899

663280346

3,729

962i 2,629

595374

1,1461,975

676284

13603,911

7,3896,3474,920

3,84716,316

300,8151,306,845946,851

408,263

331, 2378,295

91, 524281, 7504,055

443,32752,320

9,4269,001

6,0705,9844,997

3,55318,409

10,65910,406

1,287i 3, 217

615417

1,2522,221717332

»3473,917

7,8917,9464,784

4,33516,803

9,8159,633

1,3092,864

529460

1,2162,051

582314309

3,940

6,7116,0785,352

3,64521,142

571, 8711,522,4551,172,746

389,021

422,0258,392

103, 442295,620

4,508557,53749,941

10, 53310, 376

971i 3,204

571576

1,4082,491

687364

U053,906

7,7637,6575,326

5,00023, 271

9,6109,332

7442,978

517573

1,3722,099

65831873

3,905

6,8486,5276,544

3,16820, 781

9,3449,352

72312,881

513639

1,3422,227

651331144

3,591

6,4706,2424,879

2,29818, 411

541, 7331,642,0301,249,901

472,603

482,3069,871

115, 806328, 491

5,138589,374

55, 484

11,15310,101

74313,078

623832

1,4202,295

725359125

4,167

7,5866,3525,095

4,48921,980

9,2818,650

679i 2, 445

569804

1,2621,947

620286138

4,554

4,8354,7366,478

2,66820, 268

10, 5829,645

9182,481760

1,1401,2931,906658356133

5,141

6,2725,9755,575

2,21322,605

186,1991,557,1621,163,981

519, 788

11,833109,089364,6755,464

517, 45858, 577

10,3589,637

1,0502,307853

1,342993

1,967610354161

5,475

6.3396,1406,262

3,45421, 419

TEXTILE PRODUCTS

CLOTHINGHosiery:

Production thous. of dozen pairs.Shipments.. do_..Stocks, end of month ___do...

COTTONCotton (exclusive of linters):

Consumption.. _ bales..Exportsd" doImportscT doPrices received by fanners f dol. per lb__Prices, wholesale, middling, i^e", average, 10 markets

dol. per lb__Production:

Ginnings§ thous. of running balesCrop estimate, equivalent 500-lb. bales

thous. of bales.-Stocks, domestic cotton in the United States, end of

month :JWarehouses thous. of bales..Mills.. do_._.

Cotton linters:Consumption doProduction _ doStocks, end of month do

COTTON MANUFACTURESCotton cloth:

Cotton broad woven goods over 12 inches in width,production, quarterly* mil. of linear yards..

Cotton goods fiinished, quarterly:*Production, total do

Bleached _ doPlain dyed doPrinted do

Exportsd* thous. of sq. yds_.Importscf - - -doPrices, wholesale:

Mill margins. ...cents per lb_.Denims, 28-inch dol. peryd_.Print cloth, 64 x 60* do.Sheeting, unbleached, 36-inch, 56 x 56© do.

728, 251

.341

.372

1,1681,599

7323

382

46.46.338.228.232

13, 00213,14015, 971

792,317409,926

16, 355.260

.292

5,3202,179

8415

2,299

1,788878467443

68, 3103,607

22.01.256.114.138

11, 98411,00816, 854

729,603366,51027,694

.308

.334

162

4,4142,179

9414

347

57. 3825,443

< 24. 97.280.126.138

13, 54512,13518,129

855,611413,39517,896

.336

.355

632

3,7851,983

8726

285

59,4443,581

25.93.312.134.165

13, 20413, 51917, 720

818,449242,17740,984

.353

2,334

4,2801,865

7574

292

2,190

1,604765449390

41,1092,311

27.40.323.140.172

14,55415,13817, 087

931,229103, 78136,201

.377

.361

5,725

5,8451,928

79162349

41, 2012,459

30.86.338.146.180

13, 28913, 58316, 722

877,461455,34251,218

.292

6,1612,019

82169

68,9071,792

40.78'.338.147.180

12,12211, 95316,802

774,177361, 37014,630

.300

.324

7,783

5,9392,125

79129437

2,359

1,810897492421

99,8722,190

47.72.338.185

14,59213,39418, 464

947,036289,672

10, 543

.297

.319

8,166

5,1922,159

94136472

86,3381,687

51.60.338.192

13,17112,52918, 642

840, 463385, 050

10,381.306

.333

4,2432,161

97485

1,123

52.36.338.248.240

12,92112, 71118,853

875,124382,909

12,083

.319

.352

' 8, 513

28,637

3,3192,135

8768

483

2,470

1,792901

402123, 375

53.37.338.255.245

13,02912, 53519, 346

882,880275,104

9,898.323

.351

2,4692,040

8551

466

138,196907

51.25.338.227.232

r Revised. i Jelly glasses included with wide mouth food containers. * Total ginnings of 1946 crop. 3 Not available.* Based on cloth prices for July 24,1946, from the "Textile Apparel Analysis" for first 3 weeks of the month and O. P. A. ceilings for last week.• Data continue the series shown in the Survey through the October 1943 issue; this construction was discontinued during the war period.0 This series was substituted in the November 1943 Survey for the price of 56 x 60 sheeting, production of which was discontinued during the war period.§ Total ginnings to end of month indicated. © Includes laminated board reported as component board; this is a new product not produced prior to 1942.cf Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.t See note in February 1947 Survey for source of August 1941-March 1942 revisions and total cotton stocks in the United States July 31,1946.•New series. For a brief description of the data for cotton broad woven goods and 1943 figures see p. S-35 of August 1944 Survey and for 1939-45 data for cotton goods finishing

p. 23 of August 1946 issue.t Revised 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; glass container data since October 1945 are from the Bureau of the Census. For revisions for August 1937-July 1942 for farm price ©f cotton, see p. S-35 of June 1944 Survey.




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


TEXTILE PRODUCTS—Continued

COTTON MANUFACTURES—Continued

Cotton cordage, rope, and twine production, quarterly*thous. of lb.

Cotton y am:Produc tion (sale yarn), total* -do—

Carde d and combed yarns:Weaving _ do—Machine knitting - _do_-_.Thread do—All ot her carded and combed d o —

Cotton-rayon and other mixed fiber -doPrices, wholesale:

Southern, 22/1, cones, carded, white, for knitting(mill)t - dol. perlb>._

Southern, 40s, single, carded (mill) doSpindle activity:

Active spindles thousands.Active spindle hours, total .mil. of hr_

Average per spindle in place hours..Operations... - Pet. of capacity..

RAYON AND MANUFACTURESYarn and staple fiber:

Consumption:Filament yarn mil. of lb .Staple fiber -—do

Imports§ thous. of lb_.Prices, wholesale:

Yarn, viscose, 150 denier, first quality, minimumfilament —dol. perlb..

Staple fiber, viscose, 1H denier doStocks, producers', end of month:

Filament yarn mil. of lb._Staple fiber —do

Rayon goods, production, quarterly:*Broad woven goods ...thous. of linear yards...Finished, total do

White finished — do.—Plain dyed doPrinted -—do

31,488

217,783

79,87473,6149,272

42, 80212, 221

29,201

212,941

81,25469,8789,478

40,99811,333

29,855

218, 508

84,83573,0059,472

40,11211, 084

.706

21,3249,103

382113.6

53.815.4

.6C0

.320

8.46.1

.543

.672

21,9448,807

115.4

51.814.1

3,428

.550

.250

7.31.8

439,178454,32251,659299,498103,165

.672

21,9848,007

33695.3

52.015.6

3,653

.550

.250

8.72.2

.643

.756

22,0199,449

396112.4

57.315.0

.550

.250

8.42.3

WOOLConsumption (scoured basis):J

Apparel class — _thous. of lb_.Carpet class . . . do .

Imports! do.Prices, wholesale:

Raw, territory. 64s, 70s, 80s, fine, scoured*.dol. per lb_.Raw, bright fleece, 56s, greasy* doAustralian, 64-70s, good top making, scoured, in bond

(Boston)*. dol. per l b . .Stocks, scoured basis, end of mo., totalf...thous. of lb__

Apparel, totalf - - do.Domesticf - do_Foreignf ___do.

Carpetf do.

1.225.565

1.002

49,60410,26873, 717

.465

.745567, 349466, 489264,897201, 592

60,7509,135

103, 453

.995

.465

.745

49,78810,30889, 723

.995

.465

.745

WOOL MANUFACTURESMachinery activity (weekly average) :

Looms:W^oolen and worsted:

Broad thous. of active hours—Narrow do

Carpet and rug:Broad doNarrow do

Spinning spindles:Woolen ___doWorsted .-do

Worsted combs doWoolen and worsted woven goods (except woven felts) :*

Production, quarterly, total._.thous. of lin. yards.-Apparel fabrics do

Men's wear ..doWomen's and children's wear. . . . . .doGeneral use and other fabrics do

Blankets doOther nonapparel fabrics .do

Wool yarn:Production total*1 --..thous. of lb . .

Knitting*! — do. . . -

100,860

2,640

10794

123,986114, 293

220

154,414134,01758,093

2,159

f7870

98,19189,145

177

84

10694

123,886110,807

217

60, 73415,19012,077

Weaving*i _ doCarpet and other*} do.

Price, wholesale, worsted yarn, 2/32s (Boston)dol. per lb_.

MISCELLANEOUS PRODUCTSFur, sales by dealers thous. of doL.Pyroxylin-coated fabrics:J

Orders, unfilled, end of month thous. lin. ydPyroxylin spread _ _.-thous. of lb . .Shipments, billed thous. lin. yd.

1.950

7,7784,5576,034

8,320

75,25512,98751, 67610, 592

1.900

4,236

13,4685,7487,653

.671

.804

21,6399,037379

114.4

54.214.02,423

.550

.250

9.12.6

408,204384,57441,669267,18575,720

49,90010,26085,658

.995

.465

.745597, 502490, 847297,499193,348106,655

2,59286

105

120,847112,153

223

146, 588127,20155,02656,85915,31611,8337,554

.834

21,75410,143

424116.2

59.615.73,108

.550

.250

9.72.6

1.819

21,5249,499397

119.6

58.013.0

3,708

.585

.265

9.72.5

1.819

21, 6888,671362

107.8

55.912.94,277

.620

6.01.6

428,131439, 91250, 587299, 59589,730

».819

21,91910,588

444123.3

62.415.1

5,770

.620

.280

7.32.7

.6991.819

21, 9549,590402

125.6

56.314.9

4,326

.320

6.92.3

63,37513,43570, 236

1.037.480

.757

48,15611,49266,177

1.106.490

.789

46,65611,75256,553

1.145.530

.850544, 729

57,75014,25073, 614

1.155.530

.850

48,94413, 08857, 705

1.165.545

.850

2,68786

113101

122, 605118,212

230

2,55185

110100

117,164112,384

221

73,31612,96850, 7449,604

1.900

3,103

13,8005,6517,371

75,38312,87151,86410,648

1.900

4,813

13, 5896,9728,552

72,96812,42050, 34810,200

1.900

7,553

13,2816,2877,151

92,93815,50963, 59113,838

1.900

4,640

12,9147,4809,867

71,30811,49548,41511,398

1.900

3,332

12,3547,2059,217

442, 224273, 916168, 308102,505

2,54777

113102

112, 558114,515

226

156,907137,35861,30961,03715,01212,2117,338

68,30310, 56846,48611,249

1.900

1.819

21,95310,030

421125.4

60.016.24,350

.690

.320

7.03.1

462,579465,26064,123299,072102,065

45,72413, 67667,528

1.195.555

.872497,732

.7151.882

21,80510,243

428121.7

60.0'18.34,233

.320

7.72.9

52,97015, 99563, 291

1.225.565

.939

2,50375

109101

114,434227

2,63270

118114

108, 936123,186

245

404,228244,579159,64993,504

2,51666

127114

122,115245

144, 286125, 73361,14349, 27015,32011,126

2 -2,32247

131'117

' 88,402118,421

'236

7,427

82,91512,49556,61513,805

1.950

68, 7689,71246,62412, 432

1.950

65, 2768,75643,62412,896

1.950

73,355' 8,84549,42515,085

1.950

13,1947,0589,135

12,5317,7549,423

12,1527,201

11,4586,5347,897

9,9286,6678,419

.715

21,6249,928415

119.7

'59.5'18.42,501

.320

'8.53.8

38,46813,46462.112

1.225.565

.990

2 2,19846

130117

83,102112,346

223

55,8486,31237,01212, 524

1.950

8,1775,7267,121

' Revised. * Quotations are for cotton yarn twisted, 40/1, carded, and are not comparable with data prior to November 1946; comparable October 194R figure $0 8192 Data exclude operations of pile and Jacquard looms amounting to 91,000 (revised) and 81,000 hours (weekly average) for April and May respectivelyIData for April, July, and October 1946 and January and April 1947 are for 5 weeks; other months 4 weeks.§Data continue series published in the 1942 Supplement but suspended during the war period; data for October 1941-February 1945 will be published later.JSee note in the April 1946 Survey with regard to changes in these series; data related to cotton fabrics only prior to August 1945.fRevised series. See p. S-35 of the November 1942 Survey for 1941 data for the yarn price series and p. S-35 of the May 1943 issue regarding a change in the coverage of the wool

stocks series; stocks were revised in the March 1947 Survey to include corrections and to transfer wool 40s and below to apparel class; revised data for 1942-45 will be shown laterstocks include wool held by Commodity Credit Corporation but exclude foreign wool held by Defense Supplies Corporation. '

•New series. For 1939 and 1943-45 data for rayon goods finishing, see p. 23 of the August 1946 Survey. Data for rayon wo

g p c e f ustraia wool is from the Department of Agriculture; prices are before payment of duty; data beginning 1936 will be shown later; 1939-43other wool price series are on p. 24 of the February 1945 Survey. For available data for 1937-43 for woolen and worsted goods production, see p. 19 of May 1945 Survey.Digitized for FRASER




1947

June

1946


Octo-ber

Novem-ber

Decem-ber

1947

Janu-ary


TRANSPORTATION EQUIPMENT

MOTOR VEHICLES

Exports, assembled, total§ ___.number-Passenger cars§ doTrueks§ do . . .

Factory sales. total§ doCoaches, totaL.. do_._

Domestic . doPassenger cars, total do___

Domestic. d o . . .Trucks, total do . . .

Domestic. . . . d o . . .Production:*

Passenger cars do . . .Trucks and truck tractors, total (incl. military), do. _.

Civilian, total do . . .Heavy _ . do . . .Medium d o . . .Light. _ -do. . .

Truck trailers, production, total* do . . .Complete trailers . . d o . . .

Vans do___All other do . . .

Chassis shipped as such do . . .Registrations:§

New passenger cars do . . .New commercial cars do___

RAILWAY EQUIPMENT

American Railway Car Institute:Shipments:

Freight cars, total number..Domestic do

Passenger cars, totalt doDomestic! -do

Association of American Railroads:Freight cars, end of month:

Number owned thousands..Undergoing or awaiting classified repairs..do

Percent of total on lineOrders, unfilled cars..

Equipment manufacturers doRailroad shops .do

Locomotives, end of month:Steam, undergoing or awaiting classified repairs

number..Percent of total on line

Orders unfilled:Steam locomotives, total number.

Equipment manufacturers doRailroad shops do

Other locomotives, total* doEquipment manufacturers* doRailroad shops* do

Exports of locomotives, total § doSteam§ doOther§ .do. . .

INDUSTRIAL ELECTRIC TRUCKS ANDTRACTORS

Shipments, total.. .number.Domestic do.. .Exports. do__.

401, 5521,6281,409

305,943281,867

93, 9S173, 693

5,2434,230

6763

1,73477

4.793,15968,67524, 484

2,7357.6

23, 6447,013

16, 631201, 902

774751

141,090131, 28460, 03850, 247

142, 31358, 73958, 7394,06618, 60836, 0655,0334,4591,9832,476574

493, 29946, 488

2,6622,094

5656

1,749784.7

36,05828,6837,375

3,1798.3

7016

52951514

27326013

23, 69410, 51813,176

297, 633862833

209,180195,15887, 59172,102

220, 32193,45893, 4585,995

49, 52937, 9345,9665,6542,2873,367312

172,96153, 657

3,0982,570

6161

1,748804.7

41,41734,6096,808

3,2988.7

76601652851414

22717453

25824711

32, 20314, 93717, 266

346, 2091, 067867

247, 261229, 08397, 88178, 283

241, 302105,516105, 5164,84057,06243, 6147,6507,2073,0914,116443

199,31662,820

4,6254,234

1,748744.4

42,71435,3677,347

3,2178.5

695514

48747314

23614096

26524520

27, 37112, 47714, 894

328, 795833758

232, 280218, 64595, 68277, 501

239,41292, 01492, 0146, 07144,55941,3846, 5786,1432,6793,464435

219, 28169, 565

3,9153,244

6934

1,746734.3

53,72737, 21316, 514

3,1958.5

655312

4904900

11466

229220

23, 01711.83211,185

391, 727975923

283, 586263,236107,16688, 207

285, 606109, 953109,9538,94051,17549, 8388,7318,1533,9874,166578

225,18074, 708

5,9573,057

4545

1,743674.0

52,81736,94215,875

3,1478.4

675710

5065060925834

31129318

47, 70822, 49625, 212371,156

1,1461,102

269, 081250, 379100,92979,138

261, 007100, 552100, 5528,40150,15841,9937,4497,0513,1473,904

230,42463,978

7,1882,442

6060

1,742674.0

54, 41339,17915, 234

3,2048.5

65578

4994990

253141112

27625818

41,15816, 25724,901

375, 7191. 4381, 339

266, 665244,931107,61682, 774

262, 076101, 484101, 4847,69151,82541,9686,8866,5063,4613,045380

274, 73569,453

6,7372,056

6060

1,740674.0

54, 77838, 71616,062

3,1378.4

64577

5405400

19249143

33030624

40,26819, 74220. 526347,696* 1, 273r 1,115246,605226,695' 99,818'77,434

252,100102, 727102, 72710. 45848,97843,2917,5237,2063,7623,444317

209.06362,477

6,9912,265

5858

1,740664.0

60,52944,14416, 385

3,1758.6

53485

6865860

195

320294

41,67819.32122. 357373,360r 1, 303'1,090267,015245,081105,042

r 83,276

263, 998114,909114, 909

9,25057, 75747, 9026,5706,2363,2582,978

334

214,33363, 752

7,5751,784

69

1, 73868

4.166, 35349, 93416, 419

3,1318.5

45423

635635

018812761

27325122

54,76525,66629, 099

421,1801,4211,272

301.525280,018118,234

r 92,082

302, 954117,217117, 21711,44556,13749,6355,9425,5682,6622,906374

264,71479, 344

8,8162,439

5353

1,736694.2

78,08060,44617,634

3,0458.3

52511

018673113

32028337

57, 29126,71130,580423,3991, 6501,465

314,765291,953106,984' 83, 515

5,277r 4,9732,106

r 2, 867304

8,8733,489

7373

1,736724.3

84, 28863, 93520, 353

3,0118. 3

06266260

1437172

42037743

CANADIAN STATISTICSPhysical volume of industrial production, adjusted:

Combined indexf 1935-39=100.Electric powerf do. . .Manufacturing! do___Miningf do. . .

Distribution, combined indexf do. . .Agricultural marketings, adjusted:!

Combined index do. . .Grain. _ doLivestock do.. .

Commodity prices:Cost of living . . .do . . .Wholesale prices 1926=100.

R ail ways:Carloadings , _.thous. of cars.Revenue freight carried 1 mile... ...mil. of tons.Passengers carried 1 mile mil. of passengers.

134.9127.8

156.4164.5165.4100.5178.0

97.192.9115.4

123.6109.3

2914,055420

153.5168.2161.768.5

178.6

146.6148.4138.7

125.1109.7

3054,048484

149.7164.3157.895.5

183.4

132.8133.2131.0

125.6109.3

3254,406

501

152.1155.2160.5102.7175.0

97.296.568.5

125.5109.2

3245,142

373

157.6155.3167.8100.9168.1

106.8103.2122.5

126.8111.0

3715,467292

165.6154.0177.6104.1183.6

121.7115.1150.5

127.1111.6

3495,267279

167.9158.3179.2109.5200.2

108.298.1152.2

127.1112.0

2954,814341

173.8173.5184.9110.4208.2

134.7140.4109.5

127.0114.2

3024,743287

176.3172.5189.0106.8181.9

77.770.2103.7

127.8118.1

2703,963241

177.1174.2188.5113.3179.7

96.597.691.4

128.9120.4

5,259268

177.6174.6188.9115.3

130.6122.9

3114,972276

«• Revised. * Total for January-June; monthly data not available.JData for October 1945-January 1946 and April 1946 include converted troop kitchens and troop sleepers.§Data continue series published in the 1942 Supplement, except that changes have been made in the classifications in some instances. Data for exports of "total locomotives" and

"other locomotives" were revised in the May 1946 Survey (see note in that issue); data through February 1945 for the revised series and for October 1941-February 1945 for the otherexport series will be published later. In the factory sales data, coaches were formerly included with trucks and changes have been made in the classification of certain special typevehicles; revised monthly figures for 1940-41 and annual totals for 1942-45 are shown on p. 24 of the June 1947 Survey; the factory sales figures include certain types of vehicles (forexample, half-tracks) not included in the production figures above. Revised figures for new car registrations beginning 1940 for commercial cars and 1941 for passengers cars throughMarch 1942 will also be published: R. L. Polk Co., source of these data, did not report registrations for April 1942-December 1945.

later. Data for truck trailers are from the Bureau of the Census and are industry totals; annual total production for 1939-41 and monthly figures for 1942-45 will be published later.t Revised series. The Canadian index of industrial production has been completely revised beginning 1935; earlier data are in process of revision. The number of industries and

products represented in the index has been greatly increased and the construction component has been omitted in view of the inadequacy of current data. Revised indexes for dis-tribution and agricultural marketings have been shown beginning in the December 1942 issue.

U. S. GOVERNMENT PRINTING OFFICE: 1 9 4 7


INDEX TO MONTHLY BUS5NESS STATISTICS, Pages S1-S40Pages marked S

brasive paper and cloth (coated) 37rids - - - -— 23Ivertising 6, 7?ricultural income, marketings 1»ricultural wages, loan* 14,15r-line operations 21rcraft industry.. 10, 11, 12, 13, 14cobol, denatured, ethyl, and methyl 23cohoiic beverages 1, 2, 26uminum 32limal fats, greases 24,25ithracite 2,4,11,12,13, 14,35Dparcl, wearing.... 4, 6, 7, 8,10,11,12,13,14,38,39•med forces 9tphalt.. . . . 37ltomobiles 1, 2, 6, 7,10,11,12,13,14,17

inking . 15u-ley — 27jrrels and drums 32sttery shipments 34;ef and veal 28averages, alcoholic 1,2,26tuminous coal 2,4,11,12,13,14,35,36>ilers _ 33>nds, issues, prices, sales, yields 18, 19>ok publication 35ass 32ick 4,37okers' loans 15, 18lilding contracts awarded 5lilding costs 5, 6lilding construction (see Construction).lilding materials, prices, retail trade 4,7,8,9isinesses operating and business turn-over._ 3ltter 26median statistics 16,17,40mdy 28ms, metal 32ipital flotations 18For productive uses 18irloadings 22ittlf and calves 27, 28'llulose plastic products 25>ment 1,2,4,37Teal and bakery products 4lain-store sales 8leese 26lemicals 1, 2,3, 4,10,11,13,14,17, 23gars and cigarettes 29vil-service employees 11ay product? (see also Stone, clay, etc.) 1, 2, 37othing 4,6, 7,8, 10, 11, 12, 13, 14,38>al 2,4,11, 12,13,14,35,36>coa 28>ffee 28>ke 2,36mimercial and industrial failures 3instruction:New construction, dollar value 5Contracts awarded 5Costs 5,6Dwelling units started m 5Highway 5, 11Employment, wage rates, earnings, hours 9,

11,12,14msumer credit 15, 16msumer expenditures, consumers' price index . 4,7>pper 32, 33>pra and coconut oil 24>rn __ 27>st-of living index. (See Consumers' price

index) 4>tton, raw, and manufactures 2,

4, 10,11,12,13, 14,38,39ittonseed, cake and meal, oil 24anes, electric overhead 33ops 1, 24, 26, 27irrency in circulation 17siry products 1, 2,3,4, 26•bits, bank 15:bt, short-term, consumer 15, 16;bt, United States Government 17apartment stores, sales, stock*, collections.. 7, 8, 9?posits, bank 15, 17sputes, industrial 12stilled spirits 26vidend payments and rates 1, 19ug store sales 7, 8veiling units started 5

trnings, weekly and hourly 13, 14;gs and chickens 1, 3, 4, 28ectrical equipment 2,3,7,34ectric power production, sales, revenues 25nployment estimates . 9, 10nployment indexes:Factory, by industries 10, 11Nonmanufacturing industries 11nployment security operations 12nigration and immigration 22igineering construction 5:change rates, foreign 16:penditures, United States Government 17:plo«jive8 23:ports (see also individual commodities) 20, 21ctory, employment, pay rolls, hours, wages. 9,

10,11, 12,13,14lilures, industrial and commercial 3[irchild's retail price index 4rm marketings and income ._ 1rm wages 14irm products, farm, and wholesale prices 3, 4its and oils _ ._ 4, 24, 25

Pages marked SFederal Government, finance 17, 18Federal Reserve banks, condition of 15Federal Reserve reporting member banks 15Fertilizers 4, 23Fire losses 6Fish oils and fish __ 24,28Flaxseed 24Flooring „ 30Flour, wheat 27Food products 2,

3, 4, 7,10,11,12,13,14,17, 26, 27, 28, 29Footwear 2,4,7,8, 10,12, 13,14,30Foreclosures, real estate 6Foreign trade, indexes, shipping weight, value

by regions, countries, economic classes andcommodity groups 20, 21

Foundry equipment 33Freight cars (equipment) 40Freight carloadings, cars, indexes 22Freight-car surplus and shortage 22Fruits and vegetables 2, 3, 4, 26Fuel equipment and heating apparatus 33Fuels _ 2,4,35,36,37Furnaces 33, 34Furniture 1,4,10, 11,12, 13, 31Gas, customers, sales, revenues 25Gas and fuel oils 36Gasoline 36Glass and glassware (see also Stone, clay, etc.). 38Gelatin ___ ___ 23Gloves and mittens 30Glycerin 23Gold _ 16Goods in warehouses 7Grains _ 3, 27Gypsum 38Heating and ventilating equipment 33Hides and skins 4, 29Highways 5, 11Hogs 27, 28Home-loan banks, loans outstanding 6Home mortgages 6Hosiery 4,38Hotels — - 11, 13, 22Hours of work per week 11, 12Housefurnishings 4, 6, 7, 8Housing 4, 5Immigration and emigration 22Imports... 20, 21Income, personal 1Income-tax receipts 17Incorporations, business, new 3lodustrial production indexes 1, 2Instalment loans 15, 16Instalment sales, department stores 8, 9Insurance, life 16Interest and money rates 15Inventories, manufacturers' and trade 3,8Iron and steel, crude and manufactures 1,

2, 4, 9, 10, 11, 12, 13, 17, 31, 32Kerosene.. 37

Labor force 9Labor disputes, turn-over 12Lamb and mutton 28Lard. - 28Lead - 33Leather and products 2, 4,10, 11, 12, 13, 29, 30Linseed oil, cake, and meal 24Livestock _-- 1,3,27,28Loans, real estate, agricultural, bank, brokers'

(seeslso Consumer credit) 6,15,18Locomotives ^ 40Looms, woolen, activity 39Lubricants 37Lumber 1, 2, 4, 10,11, 12, 13, 30, 31Machine activity, cotton, wool 39Machine tools 10, 11, 12, 13, 33Machinery 1, 2, 10, 11, 12, 13, 17, 34Magazine advertising 7Mail-order houses, sales 8,9Manufacturers' orders, shipments, inventories. 2, 3Manufacturing production indexes 1, 2Meats and meat packing-_ 1, 2, 3, 4,10, 12, 13, 14, 28Metals 1, 4, 10, 11, 12, 13,17, 32, 33Methanol 23Milk. - - - 26Minerals _ 2, 10, 11, 12, 14Money supply 17Mortgage loans 6, 15Motor fuel 36Motor vehicles.. 7,40Motors, electrical 34Newspaper advertising 6, 7Newsprint 35New York Stock Exchange _ . - 19Oats 27Oil burners 33Oils and fata 4,24,25Oleomargarine 25Operating businesses and business turn-over. _ 3Orders, new, manufacturers' 2Paint and paint materials . . . 4, 25Paper and pulp 2, 3, 4, 10, 11, 13,14, 35Paper products 35Passports issued 22Pay rolls, manufacturing and nonmanufactur-

ing industries 12, 13Personal income 1Petroleum and products 2,

3,4,10,12,13,14,17,36,37

Pages marked SPig iron _ _ 32Plant and equipment expenditures 3Plywood 31Porcelain enameled products 32Pork 28Postal business _. 7Postal savings 15Poultry and eggs , 1,3,28Price* (see also individual commodities):

Consumers' price index 4Received and paid by farmers 3Retail price indexes 4Wholesale price indexes 4

Printing 2,10,11,13,14,35Profits, corporation 17Public assistance 14Public utilities 4,5,11,12,13,14,17,18,19, 20Pullman Company.PulpwoodPumpsPurchasing power of the dollar-Pyroxylin coated fabrics

Radio advertisingRailways, operations, equipment, financial sta-

tistics, employment, wages12,13,14,17,18,19,20,

Railways, street (see Street railways, etc.).Rayon, and rayon manufactures- 2,4,10,12,13,Receipts, United States GovernmentReconstruction Finance Corporation, loansRents (housing), indexRetail trade, all retail stores, chain stores,

department stores, mail order, rural sales,general merchandise

RiceRoofing, asphalt „Rosin and turpentineRubber, natural, synthetic and reclaimed,

tires, and tubesRubber industry, production index, employ-

ment, pay rolls, hours, earnings3,10,12,

Savings depositsSewer pipe, claySewing machines «Sheep and lambs .Shipbuilding _ 10,11,12,Shipments, manufacturers'Shoes 2,4,7,8,10,12,13,ShorteningsSilverSkinsSlaughtering and meatpacking- 2,10,12,13,14,Soybeans, and soybean oilSpindle activity, cotton, woolStee! ingot* and steel manufacture* (see also

Iron and steel)Steel, scrapStocks, department stores (see also Manufac-

turers' inventories)Stocks, issues, prices, sales, yieldsStokers, mechanicalStone, clay, and glass products

2,10,11,12,13,14,StovesStreet railways and busses 11,Sugar -—SulphurSulfuric acidSuperphosphate - - —

Tea _Telephone, telegraph, cable, and radio-tele-

graph carriers 11,12,14,Textiles 2,3,4,10,11,12,13,14,Tile.Tin -Tires and inner tubesTobacco 2,10,11,13,Toois, machine.. 10,11,12,13,Trade, retail and wholesale 7,8,9,11,Transit lines, localTransportation, commodity and passengerTransportation equipment

2,9,10,11,12,13,14,Travel ,.Truck trailersTrucks and tractorsTurpentine and rosin

223434

539

11,22,40

14,3917184

7,8,9273724

37

2,13,14

153734

27,2813,14

214,30

251729

27.2824,25

39

3231,32

919,20

341,

37,3833

12,1428,29

232323

29

17,2238,39

383337

14,2914,3313,14

2121,23

17,4021,22

404024

Unemployment 9United States Government bonds 17,18,19United States Government, finance 17,18Utilities 4,5,9,12,13,14,17,18,19, 20

Variety stores 7,8Vegetable oils.. . — 24,25Vegetables and fruits 2,3,4,26Vessels cleared in foreign trade >, 22Veterans' unemployment allowances 12

Wages, factory and miscellaneous 13,14War expenditures 17War Savings Bonds 17Warehouses, apace occupied 7Water heaters 33Water transportation, employment, pay rolls__ 11,13Wheat and wheat flour 27Wholesale price indexes 4Wholesale trade 9Wood pulp -- - - 4,34Wool and wool manufactures.. 2,4,10,12,13,14,39

Zinc. 33Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

NEW AND REVISED ESTIMATES OF THE

National Income and Gross National

Product of the U. S.

Beginning with the July 1947 issue, the

SURVEY OF CURRENT BUSINESS will show

revised national income and gross national

products statistics differing in many respects

from those previously published.

All data prior to July 1947 are subject to

this revision, which extends back to the be-

ginning of the series in 1929.

The completely revised 1929-46 series, with

detail for all component segments, have

been published in a separate NATIONAL

INCOME SUPPLEMENT to the Survey of

Current Business. Thus, this publication

furnishes to business managers and analysts,

economists, and students the new basic

data to which all subsequently published

national income and gross national product

figures will be related.

The SUPPLEMENT contains, in addition

to extensive statistical tables incorporating

the revisions, an explanation of important

changes in fundamental concepts and pro-

cedures underlying the data. It has been

prepared by the National Income Division,

Office of Business Economics which com-

piles the official national income and gross

national product data for the United States.

Now Available in the

NATIONAL INCOME SUPPLEMENTto the SURVEY OF CURRENT BUSINESS

JULY 1947

For sale by the Superintendent of Documents t Price 25 cents. Order direct from the Superintendent of Documents,U. S. Government Printing Office, Washington 25, D. C.


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