FEBRUARY 1960

survey of

CURRENT----­BUSINESS----

U.S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

I ANNUAL REVIEW NUMBER I

SURVEY OF CURRENT BUSINESS

FEBRUARY 1960 VOL. 40, NO. 2

Contents THE BUSINESS SITUATION

January • ..••....

HIGHLIGHTS OF ECONOMIC EXPANSION

General Summary of 1959 .....

NATIONAL INCOME AND PRODUCT

Records Set in 1959 • • . . • • • . Personal Income and Consmnption Investment Demand • • • • • • . • Government Revenue and Expenditure National Income • • • • • • • • • • • • • •

THE BALANCE OF INTERNATIONAL PAYMENTS IN 1959

Payments Exceeded Receipts-Some Improvement in Second Half . . . . . . . . . . . . . . . . . . . . .

Shifts in Merchandise Trade The Capital Accounts

INDUSTRY AND FINANCE

Industrial Growth and Patterns of Production • Agriculture-Output Steady, Farm Income Lower Financial Markets • . • . . . • • • . . . .

COMPARATIVE OUTPUT, DISTRIBUTION, etc., 1954-59

PAGE

1

3

7 8 9

11 13

18 18 19

21 23 25

28

:\IONTHLY BUSINESS STATISTICS General ••• Industry ••..

..... S1-S24

..... S24-S40 Subject Index • Inside Back Cover

U.S. Department of Commerce

Frederick H. Mueller, Secretary

Office of Business Economics

l\1, Joseph l\feehan. Director

* * * Louis J. Paradiso Managing Director

Loughlin F. McHugh Bu.1iness Review Editor

K. Celc~te Stokes Statistics Editor

Billy Jo Dawkins Graphics

STAFF CONTRIBUTORS TO THIS ISSUE

G..>neral: C. A. R. Wardwell Anne Novick

J\'atwnal Income and Product: Harlow D. Osborne

Balance of Intematwnal Payments: Walther Lederer

Industry and Finance: L. Jay Atkinson Francis L. Hirt Berj Kenadjian

* * * Subscription prices, including weekly

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Make checks payable to the Superiutendent of Documents and send to U.S. Government Printing Office, Washington 25, D.C., or to any U.S. Department of Commerce Field Office.

U.S. DEPARTMENT OF COMMERCE FIELD OFFICES

Albuquerque, N. Mex., 321 Post Office Bldg., Phone 7-Q311.

Atlanta 3, Ga., 604 Volunteer Bldg., 66 Luckie St., N .W., JAckson 2-4121.

Boston 9, Mass., U.S. Post Office and Courthouse Bldg. CApltol3-2312 or 2313.

Buffalo 3, N.Y., 504 Federal Bldg., 117 Ellicott St. MAdison 4216.

Charleston 4, S.C., Area 2, Sergeant Jasper Bldg., 'Vest End Broad St. Phone: 2-7771.

Cheyenne, Wyo., 207 Majestic Bldg., 16th St. and Capitol Ave. Phone: 8-8931.

Chicago 6, 1!1., Room 1302, 226 W. Jackson Blvd. AN dover 3-3600.

Cincinnati 2, Ohio, 915 Fift.h Third Bank Bldg., 36 E. Fourth St. DUnbar 1-2200.

Cleveland I, Ohio, Federal Reserve Bank BldJZ., E. 6th St. and Superior Ave. CHerry 1-7900.

Dallas I, Tex., Room 3-104 :lferchandise Mart, River­side 8-5611.

Denver 2, Colo., 142 New Custombou;~. KEystone 4-4151.

Detroit 26, Mich., 438 Federal Bldg. WOodward 3-9330. Greensboro, N.C., 407 U.S. Post Office Bldg. Phone:

3-8234. Houston 2, Tex., 610 Scanlan Bldg., 405 Main Street,

CApitol 2-i201. Jacksonville I, Fla., 425 Federal Bldg. ELgin 4-illl. Kansas City 6, Mo., Room 2011, 911 Walnut St. BAlti­

more 1-7000. Los Angeles 15, Calif., Room 450, 1031 S. Broadway

Richmond 9-4711. Memphis 3, Tenn., 212 Falls Bldg. JAck>on 6-3426. Miami 32, Fla., 316 V .S. Post Office Bldg. FRanklin

9-5431. Minneapolis I, Minn., 319 Metropolitan Bldg. FEderal

2-3244. New Orleans I2, La., 333 8t. Charles A >e. EXpress 2411. New York I, N.Y., Empire State Bldg. LOngaere 3-3377.

Philadelphia 7, Pa., Jeff~rson Bldg., 1015 CheMmll ,;t. WAlnut 3-2400.

Phoenix, Ariz.,137 N. Second A\"e. ALpine 8-5851. Pittsburgh 22, Pa., 107 Sixth St.. GRant 1-5370.

Portland 4, Oreg., 217 Old C.S. Courtl;onsc Bldg. CApltal&-3361.

Reno, Nev., 1479 Wells Ave. Phone: 2-ila8.

Richmond 19, Va., Room 309 Pare€! Post Bldg. :\llllon 4-9471.

St. Louis 1, Mo., 910 New Federal Bldg. MAin 1-8100. Salt Lake City I, Utah, 222 SW. Temple St. EMpire

4-2552. San Francisco 11, Calif., Room 419 Customhouse. YUkon 6-311I. Savannah, Ga., 235 U.S. Courthouse and P.O. llldg.

ADams 2-4755. Seattle 4, Wash., 809 Federal Office Bing., 909 Fim A "0·

MUtual 2-3300.

Budinedd Situation in Januarg

BusiNESS continued to expnml in the opening month of 1960. The broad ,.;easonally adjusted economic indica­tors-employment and personal in­come-were up.

Retail sales continued high, with the .January movement in the total again rpflecting the shift in new auto sales. ( 'onsumer buying continues to be sus­tained by the advance in income, which in .January was again concentrated in highl'r wage and salary payments.

Pl:'rsonal income-which is the most comprehensive monthly measure of business movements and consumer buy­ing power-was at a seasonally adjusted annual rate of $:393 billion in January, up $1 billion from December. Income was 6)f percent above January 1959. Output and resulting employment gains provided the basis of the improvement. The total of wage and salary disburse­ments in January, corrected for the usual seasonal influences, was up $2 billion from December. Increased taxes under the social insurance pro­grams were a partial ofl'set.

Nonfarm employees nmnbered 52.8 million in .January, down less than seasonally from Decem her. -" f au u­faeturing employment-- all(! more par­o.icularly tbe metal producing and using industries---provided the major rise in ,January, bringing the number on fac­tory payrolls once again close to the 1959 high.

Indnstrial groups with employees roughly equal to or higher than the top in 1959, include the utilities, finance, services, trade, and the combined government figure. Together these

By the Office of Business Economics

account for ovt-r :n million employees, or three-fifths of total off-farm employ­ment..

Improved production and trade

Industrial production reflected a con­tinuation of improved output. Autos and steel, the major areas of produetion experiencing substantial fluctuations in late 1959, have in early 1960 reached the best volume in recent years. Recently, the number of motor vehicles assembled was at a weekly rate in exeess of 200,000; during the period of materials shortages in late November

1957=100 120

100

80

60

Tolal

CONSUMER GOODS at new high as auto output rebounds

120

100

80 Business and Defense

Equipment

Mate6ors

60 ~~llll~~L~~WW~llW~ 1957 1958 1959 1960

~=.· Seasonally Adjusted Doto, FRB

U.S. Department of Commerce, Office of Business Economics 60·2·1 :nlltfltiiiiiUIIIIIIUIIUUIIIUIUUIUIUIIIIUIIIIIIIIIIIIIIIIUtrltltlllltllllll':

nnd l'nrly Decemlwr, asst<mblics wore kss than half that. A year ago the weekly rate was in the neighborhood o! 1.50,000.

From early December through the most recent week, steel has been pro­duced at an annual rate of 140 million tons. This eompares with 135 million tons at the spring top in 1959.

New orders placed with manufactur­ers had recovered by December to last July's volume, and were close to the peak of last spring when producers were eager to insure production sched­ules against the likelihood of materials shortages. Deeember's incoming busi­ness was also affected by the need to fill out manufacturers' working stocks. Generally speaking, unfilled orders on hand are around recent highs and well above those of a year ago.

In retail channels, aggregate sales have been influenced by the shifting availability of automobiles. After a temporary spurt in October, auto deal­ers experienced a relatively slack fall selling season, due mainly to shortages of new model cars. Dealer inventories, however, by the end of January had been largely replenished, and currently the total is well above a year ago. New car sales by dealers advanced in .Janua.ry, starting off the current year (\ percent above January a year ago.

As pointed out in the annual review which makes up most of this issue, no marked upward pressures on general prices have been apparent in the very recent period. January brought no departure from the recent more-or-less sidewise movement.

1

2

Shifts infinanciul markets

One aspect of the general situation in January, which differed to some t•xtent from the 1959 trPnds dPscribC'd later on, was associated with develop­ments in financial markets. Last year, the pressure of credit demands on available supply resulted in continued upward movement of borrowing costs; at the same time, common stock yields were lower as stock prices rose to new high ground outpaeing the expansion of dividends. In ,Tanuar~-, borrowing costs were reduced and stock yields rose as market prices dropped.

No definitive interpretation can be given these changes in view of the short interval involved. and the special influence of seasonal developments on the money markets at this time of year. Running count0r to the usual seasonal movement, and hence off­setting some of the reduction of sC'asonal bank loans, has been the special inven­tory influence which has follo\ved upon strike-induced liquidation of goods and materials in the latter part of last year.

Stock prices, which last fall had moved forward to regain previous highs set at midyear, dropped in Januar,,·. Bond prices, on the other hand, improved a little in January after having been under almost constant

SURVEY OF CFRHE:XT BUSI~ESS

dowmn1rd pressure sinre the middle of 1958. ThP con seq ucnt fall in yields was small, and long-term rates remained relatiYely higll.

A mon· prououncecl downward moY<' took plac!' recently in short-term money

Financial Markets Stocks off from 1959 high­Bond prices flrmed in January

150

I """"'OM '"'" l 'I '""~'', ...... .;v\ ~ 100~

I U. S. Tre!,ury Bond;, Taxable

(Dollars per $100 par value)

50 -

0 End of Month

0 ,I, ,I ,1

1957 1958 1959 1960 Data: Stand 8 Poor s and FRS

U.S. Department of Commerce, Office of Business Economics 60-2-3

Febrnn ry Hl60

rates. The 3-month Treasury bill rate--which <·limbed to an historic high of over 4.() percent at .nareml-- dropped back close to 4 percent at thP tnd of Januar.\-. This compares with the 2.8 percellt yield of early 1959. This recent drop is a reflertion in part at }past of the usual seasonal .January conditions in the money markets.

There cloPs appear, howeYer, at the moment to be some temporary dam1wning of the pressurE' for short­tprm funds which peaked in the latter part of 1959. As reported else"·hf'n' in the rrview of financial dcYelopments last year, borrowing by business and consumers increased sharply during that period, with tl1e primm·.'- changes showing up in the short-term funds.

On thesf' \Yere superimposed siza hlP cash needs of the li.S. Treasury. also concentrnted in the short- or inter­mediate-term range. This situation has been changed. There ,,-ill he a large net rash inflow to the Treasury before next June 30. :\Iuch of this will be seasonal but it will l'('PJ'('SE'Ilt also thP improYernent in the ren'!Hl(' base as eompared with last year.

The changr underway in the Fedural fiscal position is set forth in the analysi" of Govemmcnt operations presented in the national income review of 1959.

JJ.ig~/ig/dd o/ Gconomic Gxpandion . . .

.A Jeview o/ 1959

THE Al\fERICAN economy in 1959 continued the recovery und0rway in 1958. Output., income, consumer buy­ing of goods and serviet's and new houses w0re all up substantinll.'· in real terms. Business expansion wns eon­tinuing as the year closrcl.

The· strong underpinning of the g<'JH'rnl market was rdic•eted in the total How of inconw to individuals, which moved forward with only a short and moderate interruption during the middl(' of the year. At year-end, per­sonal ineomc was at a seasonally ad­juskd annual rate exceeding $390 billion, which compared with $367 billion in December 1958. For the year it was $:)80 billion, up 6 percent from 1958. .Most of this gain represented rf'al purehasing power, as overall prices advanced about 1 percent.

Consumers expanded their purchases in 1909 in line with higher incomes, supplPmcnting such incomf's with a large n.mount of installment and mort­gngf' <Tcdit.. These borrowed funds were used in part to finance the one­S<'Ycnth increase in purchases of con­sumer durables from the cyclically (kpressed volume of 1958. New car buying wat' still under the high 1955 pt>nk, hut in virtually every other major eonsurner market, demands ex­ceeded previous highs in both current Jollar and real terms.

Improvement in ref'idential eonstruc­tion and in the purchasing of housing, which set in early tno preceding year, earric•d over to mid-1959. There was a let-up in the second half, though ex­penditures on the purehase of new residences in this latter period sub­stantially exc!'eded the best previous record.

The dynamic business invt'stment area of the economy was marked by renewed advance in the construction of new plants with more efficient and larger capucity machinery.

The rise in inventories continued, interrupted by the slackening of out­put after midyear. The year before had been marked by liquidation in the first half and roC'ovory later. Ac­cumulation of st.ocks in the first half­year of 1959 provided some cushion to output of final products in the second half of the year. It was not sufficient in some cases-notably automobiles­to sustain full-scale production towards the end of the year.

Capital outlays for industrial plant, equipment and commcrcitd buildings were nearly one-tenth higher last year than in 1958. For the year as a wlwk new plant construction and outlays for producers durable equipment W!'rc still well under the record spending in 1 957.

Government purchases of goods nnd services were little ehanged during the course of 1959, but starting the year n.t a level higher than the averagP for 19fi8, total demand by all government.s for the year as a whole was higher. Federal purchases were tending slightly dowmvard last year and this within­the-year movement was just about offset by a contrary tendency by SM.tc n11d local units.

National Production and Personal Income

1959 rise was mostly in real terms

600 600 GROSS NATIONAL PRODUCT PERSONAL INCOME

1947 49 51 53 55 57 59 1947 49 51 53 55 57 59

Quarterly Totals, Seasonally Adjusted, at Annual Rates

U. S. Deportment of Commerce, Office of Business Economics 60-2-4

4

Employment and wages up

With demand forces expanding in 19.59, employment moved to a new high and unemployment was reduced. Both employment and unemployment WPre affected advt'rsdy by the work :-;toppages later in the year; by year­end, however, the number of job­holdt>rs was abon' the mid-Hl?i9 figure,

Employment Has moved back to previous high

Million Persons 56 EMPLOYMENT IN NONAGRICULTURAL

ESTABLISHMENTS

54

52

50

48

18

16

14

12

40

38

36

34

Rapid recovery in late months followed the major work stoppages

Elsewhere, employment held at peak

NONDURABLE MANUFACTURING,

PUBLIC UTILITIES, SERVICE, TRADE, FINANCE & GOVT.

1957 1958 1959 1960 Seasonally Adjusted

Source. 8L5

U. S Department of Commerce, Offtce of Business Eccnomics 6 0 - 2- 2

nftt•r allowing for seasonal inliuPIH'('S. For the year as a whole employment <n Praged 1 Yz million above 1 958.

In addition to the improYed <lY<1ila­hility of jobs during the year, there wns a fairly widespread pickup in the ]pngth of the workweek making due allowance for the special effect of work stoppages. Thus, through the earlier part of the year, hours worked per "'(•ek averaged almost one-half hour higher than in the corresponding inter­\·al of 1958.

SliHVEY OF CliRREXT BUSIXESS

Among the major industries, only in building construction was there a basic U·ndency to reduce the workweek.

Industry employment patterns

Improvement in employment from 1958 to 1959 resulted from !1 combina­tion of rcsurging demands for products of the cyelicallv sensitive industries . ' and moderat<' adYances in basic trend-dominated areas. Roughly half of the 19{)8-59 increase in jobs was in manu­faduring, which had been the focal point of n'ccssion in 1958. Durable goods industries-more' particularly the machinery groups-aecountNl for the largest share of the gain.

In the manufacture of nondurable goods, employment \Yas virtually stable over the gTentN part of the year, after allowing for sensonal influences. It nYeraged 150,000 better than in 1958 and only fractionally bdo\\' that for the 1957 period.

Employment in manufacturing aver­nged owr 1 6 million in 1959, compared with 1 57~ million the year before and 16.8 million in 1957. . The continuino·

b

lag behind the 1 957 pace was for the most part concentrated in the primary metals, nonelectrical machinery, trans­portation equipment and fabricated metals groups. The pattern elsewhere was one of small but largely offset.ting gains and losses from 1957 totals.

Distributive, service and related in­dustries--in which upward employment tendencies have been persistent-again provided steadily expanded job openings in 1959. This broad grouping ac­eounted for over 20 million employees in 1959, more than 45 percent of all such workers in the private nonfarm industries. The 400,000 gain in em­ployment. from 1 958 hroug]Jt, the totnl nlso well n hove tlH' pn;vious high in 1957.

In the transportntion and pnhlic

February 1000

utilities industries, the slightly-less­than 4 million employees was about the same as in the preceding year, and 200,000 under the postwar peak reached in 1953. This latter aspect reflected the fairly steady drop in railroad em­ployment over this period, a drop which was only partly offset by increases in other transportation and in the utilities. Rail employment wa.s curtailed as a result of the reduction in the traffic flow in the second half of 1959. but by yearend the number of persons on the j_ob was back to the pre-strike expenence.

The changes in employment in the recent postwar business swing are set forth in the accompanying text tabll:'. All the numbers are seasonnlly adjusted.

Investment incomes rise

The adYance in the other types of income, as well as in labor income. is spelled out in the following national income chapter. Suffice to sav here . . ~ ' uwestmcut-type mcomes-personal in-terest and dividends-and returns to nonfarm proprietors were also higher, though t.he drop in farm 0\vners' ineome ran counter to the general trend.

The recovery of output and income was reflected in accentuated form in business profits, which recovered from the 1958 slump and moved to a new high for the year in the second quarter of 1959. The subsequent fall-off in corporate production and sales in some industries brought a reduction in eor­porate income and in total profits in the latter half of the year. The vear as a \',dwle was one of substantial profit recovery.

Prices show little moventent

The moclemtely higher price level of the economy in 19.59, which influenced tlH' dollar nntional output totals. rP-

----------------------------·--·-·------------.-----------Cydieally sensitive 1

J,~')~~~t at Change Perce1tt change

Level at start

Other 2

Change Percen: change

-----------------~ -~ -- ----- --------1----1--·---- -----JfiztiO!I8

August 1957 to April1958 ..... ---·-· .. ··-·· .... -, !fi. 2 April1958 to July 1959·-··--···-···········--·-- 14.4 July 1959 to October 1959.·--·-·····-- ... - ... -... 15.7 Oetoh0r Hl59 to December 1959 .... -- .. -··- .. ---·1 15.1

.Millions -1.8

1.3 -. 7

.5

l. Durahle manufncturing, transportation, mining, and construction.

-11.3 9.1

-4.2 3. 3

Afillions 36.2 :>5. 6 36.8 36.9

2. Nondurable mannf£1ctnring, public utilities, trade, service, financr, and. gon-'rnment.

1\Iillions -0.6

1.2 . 1 .2

February 1960

fleeted the gradual edging upward of prices of most of the individual non­agricultural goods and services. De­clines in agricultural prices served to offset increases elsewhere in wholcsalP markets. Lower food prices in retail markets served to partially offset in­creases in prices of other consumer goods and services so that the consumer price index averaged nearly 1 percent above that of 1958.

With the rise in business and income and some rise in costs of production and distribution, retail price tags on goods and services, except food, rose by 2Yz percent from December 1958 to December 1959; prices of commodities less food rose about 1 Yz percent; and food prices with the larger supplies aYailable were off 1 percent. The con­sumer durables as a group were little changed during the year, as price reduc-

Consumer Prices Higher in 1959

Price drop in food more than offset by advances elsewhere

1953 54 55 56 57 58 59 60

Basic data: BLS

~t Quarterly through 1955- monthly since

U. $.Department of Commerce, Office of Business Economics 60-2-5

SURVEY OF CURRENT BUSINESS

tions for some items nearly offset increases for others.

Consumer service prices continued their postwar advance, registering a 3 percent increase in the year ended in December 1959. The rise was wide­spread. Medical care, transportation services, and the regulated gas and electricity rates scored above-average advances.

The wholesale price index was little changed in 1959 from the 1958 average, and at yearend was fractionally lower than in December 1958. This overall stability resulted from the canceling out of major divergent movements, as products of agricultural origin averaged 2.3 percent lower than in 1958 and com­modities of nonagricultural origin (rela­tively twice as important in the index as the agricultural group) averaged 1.5 percent more.

Raw and processed foods in turn accounted for most of the price drop in the aggregate of products of agricultural origin, and generally the same food items registered declines in the primary markets as in retail markets. The agricultural nonfoods were mostly firm or higher in both the raw and manu­factured stages. Cotton and wool man­ufactures moved higher, though plant and animal fibers averaged somewhat lower in price than in 1958; prices of hides and skins, leather and footwear all averaged more; natural crude rubber prices rose sharply but those for tires and tubes declined.

Out of approximately 172 commodity subgroups covering products of non­agricultural origin in the wholesale price index, 108-nearly two-thirds­increased to some extent in 1959 above their December 1958 quotations, 42 declined and 22 remained unchanged. As may be seen from the accompanying table, raw and manufactured chemical materials and mineral fuels and electric power were the groups exhibiting com­parative price stability while commodi­ties, in all stages from the raw to the finished, made from forest materials, metals, and nonmetallic structural min­erals were the groups with the largest relative advances.

Pressure on money markets

The considerable buoyancy of private demands was supported in no small de-

5

gree by ready use of borrowed funds, and the general situation of the demand and supply of funds is reviewed in a later section of this review. Consumers used short- and intermediate-term credit in sharply increased amounts to buy household durables and autos. A record volume of mortgage financing was employed in home buying. Busi­ness debt expansion was also high, with the concentration being in short-term types associated with greatly expanded working capital requirements. Tlw cash deficit of Government remained substantial, although considerably re­duced and approaching balance by year­end.

The monetary authorities aimed tlwit· policies at restricting the supply of bank funds, continuing the approach adopted as the upswing in activity was estab­lished in 1958. In this setting, interest rates moved higher during the year, and more so in the area of short- and inter­mediate-term funds. At yearend, vir­tually all rates had reached levels not seen since the 1920's, and borrowers ex­perienced the pattern uncommon for an extended period of shorter-term rates exceeding those on long-term funds.

A quite different pattern prevailed iu markets for corporate equities. Stock prices maintained an upward course through mid-1959, dropped back in the summer and early fall, but again moved forward in the closing months to a point around their previous high.

For the year as a whole, stock priees averaged higher than in 1958 and with dividends improved to a lesser extent, stock yields traced a somewhat lower pattern in 1959-at a level virtually half the yield basis which prevailed a decade ago. Thus, with borrowing costs up, the historic pattern of interest rates running above dividend yields was reversed in 1959.

International payments position

A factor in the money markets, as well as in the economy generally, was the position of the U.S. international balance of payments. This was marked in 1958 by an increasing deficit in our payments to foreign countries, which continued to rise during the first half of the past year. For the year as a whole it exceeded that of 1958.

Exports started to expand last spring,

6

but the steel strike dampened the rise in actual shipments. Exports in 1959

Wholesale Prices Steady during year ...

1947-49= 100

120

110

140

130

120

110

100

90

All Commodities

as agricultural and nonagricultural price changes canceled out

Nonagricultural

Manufactures

,. . .. l-.. .. ..... .., .. : ... r \.f ····\.--.. 1 ( I .. ,

(·' Nonagricultural

·-.. .......... .: Raw Materials or

Semi manufactures

1953 54 55 56 57 58 59 60

Basic doto: BLS

U.S. Department of Commerce, Office of Business Economics 60- 2-6

SURVEY OF CURRENT BUSINESS

as a whole were about the same as in 1958.

Imports usually reflect the adverse effects of a fall in domestic economic activity and in purehasing power, but thE'y did so less in the 1957-58 downturn than in previous such oceurrences. The subsequent rise continued until the mid­dle of 1959, and for the remainder of the year imports con t.inued close to peak rate. The rise from the low point in 1958 wns featured by the expnnding volume of mnnufnctured goods, includ­ing automobiles. For the yenr, imports wen' substnntially above those of 1958.

The result of our foreign trade inter­change in 1959 was the emallest excess of merchandise exports-$1 billion­over imports that has been recorded since 1950 (see chart on page 19). With this shrinkage of our merchandise bal­ance-despite substantially lower net payments to foreign countries than a n-ar earlier for the aggregate of travel, ~hipping, foreign aid, U.S. capital in­vestments abroad and foreign long­term investments here-the excess of U.S. foreign payments over U.S. re­ceipts from foreign sources was some­"·hat larger in 1959 than the $3.4 billion total rec>ord<>d in 1958. Ther<> was, as point.('(l out in the st•etion eon•ring our international int<>n·hangt', some im­prov<>m<>nt in th<> lattt'r pnrt of the year which reduced our m't forrign pay­m<>nts in this ]Wriod.

Febrnn ry 1 HfiO

The year-end picture

As 1959 drew to a close, recoYery from the earlier dislocations was rnpid, and the flow of personal income rose to a peak; rebuilding of working stocks was underway so that industrial output was rising, and the path was ekared for full-scale operations. Supplies of final products were flowing in increasing volume into consumption and inn•st­ment, though inventories of materials were not entirely in balance. Price movements in both retail and whole­sal<> markets were quite limited.

The forward investment plans of business envisage a rise, as indicated by the most recent OBE surny and the character of the basic husiness trend. Our international interchange of goods and services has shown im­provement recently, and prospects are for a rise in some major export com­modities.

The near-term indication is for little change in Federal purchasing. Popu­lation and related changes, including expanded eocial service programs, have dominated the postwar picture for State and local governments and the likelihood is for some further inereases in their expenditures. Federal GoY­ernment needs for financing are climin­ishing, with an improvement underway in its fiscal position, and this frees addi­tional funds for the private segnH'nts of the economy.

National Income and Product

'fHE CYCLICAL upswing in business :tctivity last year raised the gross na­tional product to a record of nearly $480 billion for the year-$38 billion or 8% percent over that of 1958. The gttin mts mostly in physical volume.

Real output was more than 4 percent above the previous top reached in 1957. In evaluating the net advance, it should be noted that the summer of 1957 saw the high point of a 3-year upswing, whereas 1959 was only one year away from the low point from which the cur­rent upswing dates.

Character of the expansion

The changes recorded since 1957 differed widely in character among the major parts of the Nation's output. As the adjacent chart reveals, goods and services available to households were far above any previous highs. Autos were a major exception, as the pattern usually found under conditions of gen­eral ad vance in purchasing power was disrupted by the materials shortages last fall. Residential building tapered in the second half, but for 1959 as a whole was the highest on record.

Government purchases of GNP have also advanced beyond their prerecession rates. State and local buying has risen substantially. The growth of Federal expenditures has been moderate, with little change from quarter to quarter in the past year and a half.

Business fixed investment was in an expansionary phase, though not as yet up to the previous peak. The slow­down in the rate of advance in the latter part of the year was the result of the supply difficulties mentioned in the re­view of production developments in this ISSUe.

The export market last year was a lagging one considering the overall prog-

Records Set in 1959

ress of th(' eeonomy. It firmPd around midy('ar, and the immediate prospcet is for a eontinuation of the recent move­ment. In contrast to exports, U.S. imports have risen substantially since 1957. Their growth was furthered dur-

Final Markets for the GNP

320

300

280

260

40

20

"' "' "( 0

0 Q

~ 60

"' ... 40

0

"' :z 20

0

0

., -20

60

40

20

0

HOUSEHOLDS: Buying generally above 1957

Consumer Purchases (excl. autos and parts)

~ -F 1-

Residential Construction

t-.,. ............... ~ .... ::.:: Autos and Parts /

I I I

BUSINESS AND FOREIGN: Recovery incomplete

-;------Fixed Investment

~ / Net Exports

~

I I I

GOVERNMENT: Growth in State and Local Demand Continues

- -- ~ Federal-' .....

I State and local

I I I 1957 1958 1959 Quarterly Tala is, Seasonally Adjusted,

at Annual Rates

U. S. Department ot Commerce, Office of Business tconomics 60-2.--i4

ing l 939 by the upswing in domestic business as well as by the second-half domestic supply situation in steel. .Foreign trade is reviewed at some length in another section of this issue.

Produetion swings during year

In the aggregate, final purchases rose from quarter to quarter throughout the year. But direct and indirect effects of work stoppages on purchasing power gradually made themselves felt, and the demand for income-sensitive products lost some of its force. The primary impact of the production swing in steel was on inventories, though the running out of existing stocks eventually af­fected the output of final goods.

The GNP chart on page 8 shows the ehanges in inventories and final pur­chases, together with the uneven pace of production during the course of the year. Gross national product rose sharply through the first half to a peak annual rate of $485 billion in the spring. It dropped back to $479 billion in the third quaxter, but recovered most of this deeline in t hf' fourth.

These changes in productive activity were matched in the course of national income. The tota.l for the year was also a record-about $400 billion, or almost one-tenth above the 1957-58 amount. The final figures will be cal­culated when all basic income data are in. The principal missing component at present is yearend corporate profits.

The income advance was general among major industries, aside from agriculture, and among major income types. Scoring the sharpest relative gains, as would be expected, were cyelically sensitive industries dependent on the demand for durable commodities. The manufacturing of such commodities contributed the largest single portion of the overnll ineome increase.

7

8

Substantial advances occurred also in nondumbles manufacturing, cou­struction, and trade as well as in several service-type lines including the finance­insurance-real estate division. These latter arc usually influenced more b.Y growth trends thttn by short-term fluc­tuations in general business.

Reflecting the cyclical ch<Hacter of the general expansion, corporate profits accounted for something like one-third of the national income advance from 1958. .Most of the remainder was in employee compensation. Ket interest nlso continued its uptrend, and earnings of proprietors other than those engag0d in ftlrming increased.

Personal lncon1e and Con­sun1ption

Consumer income movt'd up to a

tottd of $080 billion, before personal t <tXt'S, and close to $:t35 billion after t a xp,;. The increase over 1958 nmoullted to nearly 6 percent in each case. and here again the rise was mostly in rt'al buying power.

The dollar advance in pretax income Ltst year was about the samE' as had been recorded for 1950 and again for J9,)5. In relative terms, last year's expansion was not quite so sharp as the e:trlier recoveries had been; the massive upswing registered during the first half of 1959 could not be expected to persist under the conditions prevailing after midyear.

Tlw eourse of personal and disposable income was domina ted by the rise in e;u·nings from current production. \iVith the scale of old-age benefits up, and the year's total for unemployment com­pensation down from 1958, transfer ptiyments were a little higher on blllance. The rise was offset, however, by expansion in personal contributions required under these snme social insur­nnce programs.

Real consumption moves up

The rise in disposable personal in­come, amounting to $18 billion for the .Htlr, was matched in consumer expendi­tures. Most of the increase in buying represented an expansion in the physi­cal volume of consumption. Though moderate price advances from 1958 were the rule among consumer goods

SURVEY OF CURRENT HU~IXEt'S

Table 1.-Key National Income and Protluet Data, l95i, 1958, antll959

[Billions of dollarsj

Gross national product in constant (1959) dollars_

Implieit price index_ ___ .• __ -------------- _____ _

(~ross national product. _______________________ _

Personol consumption expenditures _______ _ Antos and parts _______________________ _ All other_ _____________________________ _

Gro:::;s private donwst.ic inyestmeut ---------Residential construction _______________ _ Business fixed investment_ ____________ _ Change in business inventorie:.- ______ ~~-

1\"et exports of goods and serder:' __________ _

GoYPrnmt=Hlt purchnsrs ___ ------------------Feclfm_tl on I~- ___ ----------------------

1\ational income_--------------------------- ___ _

Compens~1t ion or pmployt>e~- _____ ---------- __ CorrJOrafp profits ___________ ---------- _______ _ All othrr ____________________________________ _

Disposable personal income __

:\\-·not a\ ailnhle.

458.9

\lG. 4

H2.5

284.8 17.0

267.7

6fi. 6 17.0 47. 6 2.0

4. 9

Sl.'. 2 -ln. 4

366.5

2.~.). 5 -11.7 ti\1. 2

3iJ>. 9

and especially among consumer spn·­ices, these increases were Yery nenrly offset in the aggregate by reductions in certain major food lines.

Composition of the spending upswiug

Durable goods, \vhich account ott the average for around one-seventh of consumer purchases, provided close to 30 percent of last year's overall ad vance. This sort of differential is characteristic of the consumer market during periods of cyclically rising incomes.

Spending for services increased about in proportion to the eonsumer expendi-

1959 Expansion of Output • Steady growth of basic demand

• Inventory movement shifts

500

Gross National Product ---...__

Final Purchases

- Inventory buildup

[IJ Inventory Liquidation

400 1957 1958 1959 1960

Quarterly Totals, Seasonally Adjusted, at Annual Rates

U. S. Department of Commerce, Office of Busilless Economics 60-2-15

Sensonally adju~ted at annncll rart--.

1~.)~ lt/.-fil 19o7---~ -1Dos---~--19o;~ 3d quartPr 1st quarter, Hh quarft>l

448.8 .fi9.5 461.5 439.4 180.2

98.5 100.0 97.0 ~8. 1 100.'

4H.7 479.5 447.8 431.0 483.ii

293.0 311.6 288.2 287.3 317. () 14.0 !i. 8 17.3 13. ,) 17.:!

278.9 293.8 270.9 273.8 29R H

.)l. 9 71. 1 67.9 52.4 69.7 18.0 22.2 17.0 17.1 21. :{ 40. 7 44. 1 48.2 42.2 4:\ 4

-3.8 4. 8 2. 7 -6.9 3. <)

1.:? -.8 5. 1 2.0 -,!)

92.6 97. ti 81>. 6 89.3 97. -l .12. 2 ;)3. ,:; 49.7 50. 1 fi:!. j

356.2 398.5 371.1 355.8 NA

2.Stl. 8 277. 4 2;)8. 1 2fi2.;:, 2oJ.i; 3f). 7 ~.\ 42. 7 :n. ·' K.\ 72. 7 73. q 70.3 71.8 7-1- .....

316.5 331.5 311.5 310.3 3!0, ~

tun• total, \\-hik nondurahll's outla.'·" ndnlii('C•d less than proportionately. The difference here was mainly a mattc'r of the relative price movements. I'' \·olume tf'rms, the growth in consumPr sen-ices actually provided did not mud1 exC'eed the real gain of 4 perC'ent re­corded for nondurable goods.

,Judging by past experiencr, most of the increase in nondurables consump­tion last yrar was in response to tlH' advance in disposable income. The 0xpans1on in serviees, b~r contrast. eontinued a pattern of steady annual gains on thr order of 4 or 5 pereent which was repeated in almost every _v-ear during the 1950s. Such services as shelter and household utilities, for example, do not vary much with short­run C'hangrs in income.

A11to buying recovers

The advanee of $5~~ billion--one­seventh--from 1958 in purchasing of durnblr goods eentered in the auto market. Automotive buying increased over 2.5 percent and aecounted for two­thirds of the lift in the total. All other durables in the aggregate rose only a little more than in proportion to con­sumer buying generally.

Expenditures for autos and parts totaled $18 billion in 1959, as against $14 billion the year before. This improvement, together with higher demand for vehides from business

FPbrnary 1960

firms, pushed sales of new U.S. cars up from 4}~ million units in 1958 to 5% million last year.

The course of auto purchases during 1959 was far different from that of 1958, 'vhen the low established as the year opened was not bettered until the fall. The 1959 models were well received

Table 2.-Expenditures on New Plant and Equipment by U.S. Business,1 1957-59

[Millions of dollars]

119.)7 1 1958 11\159,

:\fanufacluring ___________________ 15,959 11,433 12,056

Durable ~oods industries________ 8,032 5, 41)9 ;;, 769

Primary iron and steeL_____ 1, 722 I, 192 1,021 Primary nonf€frous meta1s_ _ _ 814 441 327 Electrical machinery and

•qniprnent________ 599 4.59 .103 :\I arhinery, exc('pt electrical__ 1, 275 915 929

\Iotor vehicles and equip-ment____________________ _ 1,058 558 1124

Transportation equipment, excluding motor vehicles____ 544 370 387

Stone, clay, and glass prod-ucts_________________________ 572 :399 547

Other durable goods ......... _ I, 438 1, 135 1, 4:H

:"ondurahle goods industries ___ 7, 937 5, 964 6, 287

Food and beverages___________ 850 742 829 Textile-mill products__________ 408 288 408 Paper and allied products_ ___ 811 578 625 Chemicals and allied products_ 1, 724 I, 320 1, 234

Petroleum and coal products_ 3, 4.53 2, 431 2, 482 Rubber products______________ 200 134 194 Other nondurable goods_._ 491 471 515

Mining __________________________ _ Railroads ........................ . Transportation, other than raiL __ _ Public utilities __________________ _ Communications _______________ _ Commercial and other ___________ _

1,243 1,396 I, 771 6,195 3,032 7,366

941 754

1,500 6,088 2,615 7,195

988 934

2,044 5, 745

} 10,874

TotaL _____________________ 36,962 30,526 32,641

I. See text for items excluded. 2. Includes anticipated expenditures for fourth qunrter

1!)59.

Sources: Oilicc of Business Econ0mics, and Srcuritie:; nnd Exchange Commis~ion.

from the beginning, ns buyers' economic outlook brightened and tlwir willing­ness to borrow incrpnsed. The usual miclwinkr decline was moderate in 1959, and n greater-than-seasonal rise that began early in the spring continued through June.

Sonw eon traction follmYecl in t.he second half. This 'vas due mainly to supply conditions that hampered pro­duction of the 1960 models, though un­certainty about incomes also played a role. High in October, sales were drastically curtailed in the closing months of the year. Because of the situation which prevailed, this period could not afford a clear test of the underlying strmgth of demand for the 1960 Clll'S.

ti~!l42G-60-~2

SUHVEY OF CUHRENT BU~IXESS

Nondnrables and services

Most of the chief nondurable and service items of personal consumption rose 4 or 5 percent last year in real terms and slightly more on a current-dollar basis.

Expenditures for food moved up relatively less than in 1958. (See Table II ~6 among the regular quarterly national income and product tables at the end of this section.) In real terms the increase was perhaps 4 percent, a gain consistent with experience in previous periods of cyclically rising real income. Food prices were clown, on the average, and consumers obtained this larger food requirement without raising their expenditures quite in proportion.

Housing expense registered the great­est increase shown for any major service category, both relatively and in dollar rm<gnitucle, as an unusually large num­ber of new units was added to the hous­ing stock and rather promptly occupied.

Investment Demand

Fixed investment and the inventory buildup each contributed around $8 billion to the GNP advance from 1958.

Moving above $70 billion for the first time, the overall total of such spending accounted for one-seventh of the na­tional output. This fraction has varied in the range of one-sixth to one-eighth in recent years, moving with the cyclical ''ariation of business.

Last year's outlays involved a further advance in prices for construction and equipment, but here again most of the t>xpansion was clue to increases in physi­cal volume. In real terms, residential building was the highest on record; the volume of plant and equipment put in place, however, was lower than in 1955~

J'ariation in residential bnihling

Residential construction work was valued at over $22 billion, with between 1 .3 and 1.4 million new nonfarm clwt>ll­ings completed during the year; in addition, the total inelucl0cl a. large amount of home improvement activity. In the best prior year, 19.5.5, the value of "·ork done had been less than $19

9

billion, though that amount purelwsed more housing than it does now.

The favorable record for 1959 as a whole stemmed from a rapid upswing in building starts which took place during the last three quarters of 1958, and a consequent rise in activity through the spring of last year. A gradual decline followed in the second half.

The recent slowdown in new housing initiated has followed a progressive stiffening in the terms for mortgage money, as the general financial tighten­ing describ0d elsewhere in this Annual

Volume of Inventories of Durable Goods Cyclical rise interrupted in second half ofl959

Peak GNP Qtr_ = 100

110

105

100

95

90 42 0246 8 Quarters From GNP Cyclical Low

lJ S. Department of Commerce. Office of Business Economics 60-2 -16

Review Xumber was translated by lenders into higher effective rntes of interest. By the fourth quarter, the pace of construction wn.s hack to about what it had been in the opening quarter of 1959.

Partial recovery in business invest­rnent

Investm<?nt in nonresidential con­struction and producers' durable goods was about $44 billion last year; in real terms this represented a gain of t) per­cent. from 19.58 but was less than half­way back to the 19.57 level.

The upturn in investment demand which materialized in the autnmn of 1958 was extPnded from quarter to quarter throughout 1909. Tlw rxtent

10

of the improvemt>nt in rt>ce-nt months has been partly masked by temporary conditions which have tended to limit both plant construction and equipment deliveries. The OBE---SEC surveys (which cover all surh investment enter­ing the capital aeeounts of nonfarm businesses except in certain branches of the finance-insurance-real estate divi­sion and in the indepPndcnt professions) show the annual rate of outla.'--s in the s0eond half of the .'·ear to have been considerably less than wus anticipated last summer. Spending by primm·_,. metals producers was su hst an tially under expectations; gas u tilit.'· and petroleum company progTHillS were SPt hack by the shortage of steel mill prod­nets; and railroad innstuwnt anticipa­tions ,,.·ere also revisc•d slwrpJ_,. ns profits took an ndvPrse turn.

Table 3.-Federal G<Hel"Hnwnt Ht•ceipts and Expen•litur.-s. 19:19-61

[BillwtJS 11f doiLw..:l

Administrative budget: I I Ht•eripts ________________ !)") ;j I /.'S.Ii 81.0

ExJll'Tl(iitures __ ... o. 7 I 7S. + i:!. ~ Snrplns or detkit \ -· '···· ----- -1::!.--t .2 -t 2

Cash budget: HL'C'I_'ipts _____ -~ ____ ~. ~ _________ 'il. 7 \•±. s 102. :2 E·qwnditun~s __ ~l-l. s tt1. ;j Hti. :1 Burplns or deficit_i,_-=._-1-_~~~------ -- J:J. 1 - .. :::. ii.\J

National income and produ{'t ac-count: Heceipts. __________ .. ____ . __ ... 'i4. 4 ua. n 1n1.o Expenditures ___ ..... _ ......... 'iq. ~I n:;.o 11·1.0

c toods and srrvicP~ __ .~:1. R .12. 5 5a. 5 Other-··-····-·-· .... ::::::: :~t \. 1 10 . .j -10. ;)

Surplus or defieit (-' -i'i.l"\ .0 7. ()

XOTE.-'l'he diffPrPllt'(' twtWt'ell til(' ,,druinistratJ\·0 hudg f•t and the cf1..o;;;b. budget is largoly aecounted for by the in­clusion in the latter of tmst fund transactions. The national inc01ne and product account inclw:les trust fund transactions, but differs in definition from the cash budget in several im­portant respects. Corporate profits taxes arc recorded on au accrual rather than a cash collections basis: loan transactions are rither omitted or involve diff(_•rences in timing; the <tcquisition of financial and S8cond-hand assets are px('}n<lrd: and. an adjustment for the lag h('tWi·r•n df'lin•rk~ and pny­ments for goods is Incorporated.

Sources: Administrative· <JIHi (~<L~h hwig1·T~ from F!udgt! of the U.S. GolJernment for the Fh;ctzl J.Tf'flr F..'udifi{J Jllne SO, 1.961; national income and produc·t dau. Olli(·:_· 11i nnsin(·ss Economics, ha:wd on f'":"tim:lt~·" in thP Nud(let.

By comparison with J9;)7, last year's totals were generally lowest for the metal products industries and the as­sociated rail and mining groups. Util­it.y outlays were off significant!.'~ from the high rates reached in the two preceding years. Investment in con­struction materials manufacturing \Vas dose to prerecession rntes, in current­dollar t<:'rms, as werr· ('X!Wlldit un•s in most nondurable.;;; manufacturing linE's

SUHVEY OF ( THIU:XT BU8IXESS Fehrnary l!lliO

Tahlt> 1.-Employment, Payrolls, and Average Annual Earnings by l\lajor Industrial Division, 1957-59

·---~~-- .Kumiwr of full-time I Wages and salaries Average annual earnings per full-time eqniYalent employees employees

~-~1aia !;thousands -:--;~~ Dollars I Percent changes

___ [1\1.17-~~\J;,s r~~J--~.)7-[~~~-~09 1957 -~:-~~~-,~~~:~110:\s:~ All industries. total · 5G,i:l0 I !;5,10J 56,380 2~8,530 2:!9,3.891257,82414,205 4,344 4,57:3 I 3.3

1

! 5.3

.Agriculture1 forestry, and : fisheries_··--·········-···· 2, 053 2.111.1 ?., 07.1 3. 290 3, JOG 3. o:;s 1 l, f\03 I, Gl3 1. 705 i . G 5. 7

Mining______________________ 812 72:1 t\90 4,2:!7 3.7H I :l.810 1 f>,218 5.220 5.522 .0 I .1.8 Contract c0nstt uetion __ . _. _ _ 2, 853 2. 7;i\l 2. 890 14,046 13. 9t\9 1.1. 3\1:; 1 4. 923 5, 0113 5. 320 2. 8 5. 2

l\1anufaeturing__________ Hi. 8f\\J ].\. o:l5 11\,221\ 80, !\41 71>. 674184.578 4, 781 4, 936 5. 212 3. 2 5. I} Wholesale and retail tra•h'.. 10. :\3\l 11\.413 10,03\1 42. :>01 4:;, 01\0 45,882 4. 014 4. 135 ·1. 31o 3. 0 ·4. 3 Finance, insurance, nwl n~<tl

estate.______ z.ai4 2,421 2,471 10,221 JO,>l.lr> 11.1\74 4.30,\ 4.484 4. 72·1 4.2 5.4

Transportation 2, G54 2, 4:l2 2. 431 18. \Jl(\ Communieation::> and J 1U hlic·

ntilities ______ ....... . .. 1, 493 1. -t;li J.-l:lO 7. 18H Sen·iees __ . __ -.---- ---------- 7,HH 7, 27:{ 7, 41~ 22,520

Government_ __ ~~ ____________ 9, ~l22 9. 9S7 11).109 '10, 1G9 Addendum:

All private industries .... 41\,808 4.). 117 4f>. 271 198.31\1 All pri,·ate nonfnrm in-

dnstri':'~----------· ____ 44. 9l:l 43. lli2 ll. :l4f\ I Hl.~. ill~!

-~~----· --------- -- ·- ---~--Source: 01lh-t• of Bu:-:inPs~ Ec·onomic~.

outside of elH•mieals and IWtrokum. Th<• only substantial advnncps

beyotHl 1 \);)/ \non• those reportE'd by the airlines with tlwir big jet programs, awl hy <·nmmetTinl Pnterpriscs.

Role of inventories

Business i.nv<•ntories moved up sharply in the first half of 1959. In part the inen•ase represE'ntNl a c_\·clieal buildup of holdings, Pspecinlly in durn hie-goods li lit'S, such as generally begins tltn•e or four quarters after nlo"· is passed in G.\'P. (See chart.) Also impol"tnn t \Y<1S n n ar<·mnuln tion of primar.'- md<tls n1Hl rdnt!'d products aimed n t forestalling t h<' d0vdopnwnt of shortage's which would hampPr production nftN mid.'"ear.

As has been notPd <:'arlier, the first­half accumulation added substantially to the demand for GNP, and the ac­companying fillip to consumer and busirwss income provided a stimulus ill other markets for the Nation's output.

After midyear, the holdings of m<:'tals and metal products accumulated in the first half WPrt> rapidly drawn down. The swings in these holdings dominated the overallmovt>ment of durable-goods stocks last year, and emPrge strikingly in the chart on pngP 9. ThP sell­off by mPtal goods manufacturers partly offset tlw restocking which rontinued in most other segmPnts of the eeonom.'· in the second half.

Thl' shift from substantial a<·cumtlln­tion in the srcond quarter to liquidation

1:1.:H8 13. Pfl2 5. 243 5, 48R 5. 756 I 4. 7 4. 9 I

5. :l91

I f) .f) 7. :11\0 7. 70H 4. 813 -5. Oii9

I 5.1

2:~. 722 2.1 .. ~40 :;, 145 :l. 2(\2 3. 443 3. 7 5. 5

!'l. 22f' ·1i">, /0~ I

4. 048 4. 328 I -1, 522 r..? 4. 5 :

I I

I 1\JH, lil-t 1:.!12, 1113 l -1.238 4.:H8

I 4 •. 184 I 2. 6

I 5. 4

I l ~!:-{. :{I -: 1 ·!09,1:10 -t.:{;);)

I 4. 479 4. 716

! 2. 8

! 5. ;{

----------------

lll t h<· t h irLl rdl(•ctl'd a consi(lerabll' eut in production rf:'lative to final dc•ma 1Hl. Thl' dPelitw in emTrnt earn­ings whi('h rPsnltPd nftPr mid_\·enr is <kserilwd dsP\Yhere.

Fourth-qunrtPr dPvdopmrnts in in­ventoril's were• mixed. Th0 sdlofl" tapc·n·d in );ovt>rnber. with stel'l pro­duction l't'("OVl'ring: and consumption in auto and othc·r manufacturing usps eut. back due to thl' continuing shortages. In DPcPmlwr then· \\·as a markNl shift to stock rPlmilding.

Federal Fiscal Position Shifts • Deficit lessens in 1959

j 0 Cl c .!! :::: ;;;

• Budget indicates surplus in 1960-61

110

100

90

80

70

0

Notional income bosis

1957 1958 1959 1960 1961

Half-Yearly Totals, Seasonally Adjusted, at Annual Rates

U. S. Department of Commerce, Ofhce of Business Economics 60-2-17

ln spite of the dPvelopments after midyear, a major part of the first-half expansion in durable goods holdings was reflected in the full-year results. As usual in periods of cyclical expan­sion, durables accounted for more than their proportionate share of the overall ris0 in nonfarm inventories. l'viost of the hard-goods accumulation was in manufacturing; the largest dollar in­erPases were those reported for the maehinery groups, which operated against a big backlog of orders through­out the year.

Inventories of nondurable goods man­ufacturers and distributors rose last yE•ar, to cancel the 1958 decline in book value.

Inventory ratios

In relation to the constant-dollar GNP, the physical volume of business inventories is currently about the same as during 1955. 'l'he ratio is a percent­ag0 point lower than in the prosperous 1956-57 quarters. If inventories are compared with sales and unfilled orders in particular industries, they appear low in primary metals manufacturing and in most of the major steel-using groups. Stock-sales ratios are down from recent-year levels in nondurables manufacturing also.

Government Revenue and Expenditure

As reflected in the income and product accounts, the fiscal position of the Federal Government improved mark­edly. These accounts show a $9 billion deficit in 1958 reduced to $2 billion in 1959, with receipts up $10~ billion and expenditures rising $3}~ billion.

The substantial rise in receipts was a reflection of the economic recovery from the 1958 lows. Close to half of the revenue increase came from the ad­ditional corporate income tax liabili­ties which accrued with the upward move of profits; and individual income taxes and contributions going into the social insurance funds were up by about $2% billion each. The latter reflected in part the statutory rate increase and higher maximum taxable earnings base which became effective January 1 last year.

The major portion of the increase in

SURVEY OF CURRENT BUSIKESS 11

expenditures stemmed from higher de­fense outlays for goods and services, and larger grants to the StatP and local governments.

Federal operations

Defense spending rose moderately in the first and second quarters of 1959, but tapered after mid)'ear to a fourth quarter rate litth• cliffprent from that registered a )'em· eat·lier. Tlw 1959 total \Yas close to $46 billion, up about $1~ billion from I 958. The major in­creases were in military outlays, but expenditures for atomic energy develop­ment were also up, and purchases for the space exploration program advanced sharply to total a quarter-billion dollars for the year.

Orders placed by the Defense Depart­ment for major equipment items such

as aircraft, guided missiles, and ships continued at the 1958 figure of about $15% billion.

Aside from defense buying, Federal purchases remained unchanged from 1958 in the aggregate. Expenditures for the conservation of land and Wlitt•r resources and the promotion of aviation fac-ilities were up for the year. The risr was offset by a $~billion decline in net purchases made by the Commodity Credit Corporation under the farm price support program. The Corporation's holdings of most crops other than cotton leveled oft' after having risen during 1958.

Expenditures other than for goods and services rose $2 billion, with $1 billion of this going to assist State and local government programs, primarily for highway construction. Interest pay-

The numbering of the following tables conforms to that introduced last year in U.S. Income and Output, a supplement to the SuRVEY (see announcement on outside back cov('r of this issue). That volume presents a full explanation of the m•w quarterly reporting system, as well as detailed data for 19 !6--55. The corresponding estimates for HJ56-58 appear in the .r uly 1\!59 National Income Number of the SuRVEY.

Table 1-3.-Gros» Natic:-nal Product or Expenditure, Seasonally Adjusted Quarterly Totals at Annual Rates, 1956-59

[Billions of dollars]

1958 1959 1956 1957 1958 1959

-~-~-II-~~~ -~-~~

Gross national product__ -- 419.2 442.5 441.71 479.5 431.0 434.5 444.0 457.1 470.4 484.8 478.6 483.5

Personal eonsumption expenditures--~------ 269.0 284.8 293.0 311.6 287.3 290.9 294. 4 299.1 303.9 311.2 313.3 317.0

Durable goods_,--·-·-·--·--,--·-----· __ 38.5 40.3 37.6 !3. 0 36.9 36. 7 37.1 39.8 41.3 44. 1 43.6 42.8 Nondurable goods __ ------·------------- 131.4 137. 7 141.9 147.9 139.5 141.5 143.1 143.6 145.3 147.7 148.0 150.1 Services __________________________ -___ - __ 100.0 106.7 113.4 120.7 111.0 112.7 114.2 115. 7 117.4 119.4 121.6 124.1

Gross private domestic investment_ _________ 67.4 66.6 54.9 71.1 52.4 51.3 54.2 61.3 70.0 77.7 67.0 69.7

New construction _______________________ 35.5 36.1 35.8 40.2 35.5 34.6 35.4 37.3 39.7 41.0 41.0 39.2 Residcmtial nonfarm ________________ 17.7 17.0 18.0 22.2 17.1 16.9 18.0 19.9 21.9 23.1 22.6 21.3 Other"_-----"'·--···-·-----·-----" 17.8 19.0 17.7 18.0 18.4 17.7 17.4 17.4 17.8 17.9 18.3 17.9

Producers' durable eqnipmenL ......•. - 27.2 28.5 22.9 26.1 23.8 22.6 22.2 23.2 23.9 26.0 27.0 27.5

Change in business inventories-totaL .. 4. 7 2.0 -3.8 4.8 -6.9 -5.8 -3.4 .8 6. 3 10.7 -1.0 3.0 K on farm only'"·-----·--·-·-------·, 5.1 1.2 -4.9 3.9 -8.1 -7.0 -4.5 -.1 5. 4 9.8 -1.8 2.3

Net exports of goods and services (GNP basis)·--_.--.-------.-------.-- .. -------.- 2. 9 4. 9 1.2 -.8 2.0 1. 2 1.6 .2 -.9 -1.8 .o -.~

Exports_. __ • __ •••• _ •• ____ • __ •••• __ •• _. __ 23. 1 26.2 22.6 22.8 22.2 22.3 23.1 22.7 21.5 22.1 24.1 23.4 Imports ...•. ------ .• ··----------.----- .. 20.2 21.3 21.3 23.6 20.2 21.1 21.5 22.5 22.4 23.9 24.1 24.1

Government purchases of goods and serv-Ices •.......• ·--·--··-----··---··--·-··---- 79.0 86.2 92.6 97.6 89.3 91.1 93.8 96.5 97.4 97.7 98.4i 97.,

FederaL ____ ._ .. _______ ------ •• ----- .. __ 45. 7 49.4 52.2 53.5 50. 1 51.3 53. 1 54.2 1\3.8 53.9 53.6 52.7 National defense"----------------·. 40.4 44.3 44.5 45.8 44.0 44.3 44.5 45.3 45.8 46.2 45.9 45.3 Other ____ .------ ___ -----·-·-------·. 5. 7 5. 5 8. 1 8.1 6.6 7. 5 8.9 9.4 8.3. 8.0 8.1 7.8 J,ess: Government sales ..•. '"----·-- 0 3 .4

0 51 0 4 .5 .5 .3 .6 .3 0 3 .4 .4

State and locaL. ........•.....•.••.•.•.. 33.21 36. sl 40. [,I 44.11 39.21 39.71 10. sl 42.2 43.61 43.8 44.81 44.7

12 SURVEY OF CURRENT BUSINESS

Table 1-4 .. -Gross 1'1\ational Product or Expenditure, Quarterly, 1956-59 [Billions of dollars]

1 1~1\6 1 1957ll958ll959l 1958 I 1959

i I I II I III I IV I I II I III I IV

GrossnationalproducL ......... 419.2 442,5 441.7 479.5 103.4 107) 110.2 120,5 112.9 120.2 118.2 128.2

Personalconsumptionexpenditures ......... 269,9 284.8 293.0 311.6 68.3 71.9 72.1 80.7 72.5 76.8 76.7 85,6

Durablegoods ..........•••••..••.•.••... :l8.5 40.3 37.6 43.0 8.3 ~ondurable goods........................ 131. 4 137.7 141.9 147.9 32. 1 Services ........••.......••.•..•••....... 100.0 106.7 113.4 120.7 28.0

~- 1 8. 8 11. 4 9. 4 11. 1 10. 3 12. 3 ~4 ~8 ~7 ~6 MS ~0 ~5 ~3 ~5 ~6 ~6 ~0 ~4 ~7

Grossprivatedomesticinvestrnent.. ........ 67.4 66.6 54,9 71.1 13.0 12.3 14.4 15.2 17.2 19,1 17.2 17,7

~ew construction....................... 3.5. 5 36.1 35.8 40.2 7. 5 8. 7 9. 8 U. 8 8. 3 10. 2 11. 4 10. 3 Residential nonfarm................. 17.7 17.0 18.0 22.2 3. 4 4. 3 5. 1 5. 3 4. 4 5. 8 6. 4 5. 7 Other ........•.•............•....... 17.8 19.0 17.7 18.0 4.1 4.4 4.7 4. 5 3. 9 4. 5 5. 0 4. 6

Producers' durable equipment.......... 27. 2 28. 5 22. 9 26. 1 5. 6 6. 0 5. :3 6. 0 5. 7 7. 0 6. 3 7. 2

Change in business inventories-totaL.. 4. 7 2. 0 -3.8 4. 8 -.1 -2.4 -. t' -. 6 3. 2 1. 8 -. 5 . 2 Nonfarmonly .............•......... 5.1 1.2-4.9 3.9 -.4-2.6-1.0 -.8 2.9 1.6 -.7 .1

X et exports of goods and services (GNP basis)..................................... 2.9 4.9 1.2 -.8 ,4 ,4 0 .4 -.2 -.3 -.5 .2

6.1 5. 8

Exports................................. 2:l. 1 26. 2 22. 6 22. 8 Imports ........•.•......••.•••••........ 20.2 21.3 21.3 23.6

5. 4 5.0

5. 8 5. 4

5. 9 5. 5

,), 3 5. 5

5. 7 6.1

5. 7 6. 2

Government purchases of goods and services_

FederaL ......................••........ National defense ........•••......... Other ....................••......... Less: Government sales .....•.•.•...

State and locaL ...•••...•.•.••.........

79.0 86,2 92.6 97.6 21.7 23.1

.j,), 7 49. 4 52. 2 53. 5 40. 4 44. 3 44. 5 45. 8 .>.7 .).5 8.1 8.1 . 3 . 4 . 5 .4

33. 2 36. 8 40. 5 44. 1

12.5 12.9 10.9 II. 2 1.7 1.9 .1 .I

9. 2 10.1

13.3 11.2

2. 2 .1

10.4

24.2[ 23.5

13.5 13.4 11.2 11.4

2. 4 2.1 . 1 . 1

10. 7 10. 1

24.6 24.8 24.7

13.61 11. 7

2:~1 11.(11

13. 5 13. 1 11. 5 11. 2 2.0 2.0 '1 . 1

11.4 11. 6

Table 1-5.-Gross National Product or Expenditures, Seasonally Adjusted Quarterly Totals at Annual Rates, in Constant Dollars, 1956-59 [Billions of 1954 dollars]

Gross national product_ ______ _

Persona] consumption expenditures _______ _

Dmable goods ....................... __ . Sondurable goods ....... ···········----. Services ___________________________ _

(;ross private domestic investment_ _______ _

New construction ______ -------------- __ Hesidential nonfarm ...•.......... _._ Other ........................... .

Producers' durable equipment ...... __ .

400,91408.3

264. 31 270. 8

1:1~ ~~~~~~: g \16. f) \!9. 8

61.7

32.3 16.2 Hi. I

58.51

31.9 15.4 16.5

25.0 24. 6

399.0 426.0 391.0 393, I 400.9 410.8 420. 7 432. I 424.3 426.8

~3m6R7mi~Om4~3R3R8~1

35. 7 40. 2 35. 2 :l5. 0 133. 7 139. 3 131. 3 132. 7 103. 8 108. 2 102. 2 103. 4

47.3 60.2 45.0 44.2

31. 5 34. 4 31. 3• 30. 5 16.2 19.4 15.4 15.3 15. 2 15. 0 15. \i 15. 1

19. 3 21. 5 20. I 19. 0

3.\. 3 37.5 135. 3 13.\. 6 104. 41105. 3

46.61 53.0

31.2 32. 6 Hi. 31 li. 8 15.0 14.8

18.6 19.3

38. 8 41. 2 40. 6 40. 2 137.3 139.7 139.4 140.7 106. 2 107. 4 108. 8 110. 2

59.8 66.0 56.41

34. 9 19.7 15.2

~l4. 3 19.3 15.01

19.81

35.1 20.2 14.9

21.3 22.1

58.8

33.3 18.4 14. 9

22.7

Change in business inventories-total... 4.5 2.0 -3.5 4.4 -6.4 -5.3 -3.2 1.1 5.7 1!.5 -.6 2.8 Nonfarmonly....................... 4.9 1.1 -4.4 3.5 -7.2 -6.1 -4.2 .0 4.7 8.6 -1.4 2.1

Net exports of goods and services (GNP basis)..................................... 2.5 3.8 .o -2.6 .8 • I .5 -1.4 -2.7 -3.5 -1.9 -2.2

Exports ....................•............ Imports ............................. .

Government purchases of goods and serv-ices _____________________________________ _

FederaL ... _ .. _ ....... _._ ......... _ .. State and locaL. ................... .

22. 4 24. 4 21. 6 21. 7 I 9. 8 20. 6 21. 6 24. 3

72.3

41. ,I ao. 61

75. 1 78. 4 80. 7

42. 8 44. 1 44. 2 32. 3 34. 4 36. 51

21.0 20.2

76.51

42.81 3:J. 7

~.3 na ~7 ~4 ~9 ~~ n4 ~.2 ~.8 ~1 ~1 ~5 ~0 ~7

77. 7 78. 9 80. 8

4:1. 9 44. 31 45. 2 33. 8 31. 61 35. 5

81.31 44. \1 :l6. 41

81.4 81.0 79.1

42.7 36.3

Table 1-9.-National Income by Type of lncmne, Seasonally Adjusted Quarterly Totals at Annual Hates, 1956-59 [Billions of dollars]

i I I I I I i : I i National income ............. _ :J-50. 8, 361l. 51 366,2 :!98, 51 355.8 ,358, 91 ~li9, ,;, :!80. -li :!8!1. 4, 403. 9• :!98. 2

1

. N A ' ' ' I I I I Comp(>nsationofemp1oyees______________ z.t2,!): 2:'>5.5j 256.8 277.41 2:32.5 23~ •. 2~ 2:i8.fi 2G2.!ll' 2H9,\1

1

278.9i 279.3·

1

281.H

\\"ages and salaries ______________________ 2:!7.11: :t~b.:il239.·1 2il'i.sl :.::~;-;,2~ 2:{n o: :2-H.Jj :2--tr).l 2;10.tl 2ti9.--l1 :?.~u.s 2fil.5 Private ............................ 1o\l.l:i Hl8.4j l\!6.2 21~.1; 1!>3.41llio.2i l\17.1j200.Si zon.zlznolzn.:;l214.8 ~vlilitary ___________________________ \l_;j n.nl \).7 :l.~j n_;\

1

r).ii Jn.o·~ ~1.:1! n.s1

\l.si 9.:-;1

B.:-.; Governmentcidlian'--········· z,;.~~ 30.0 :J:l,;; :J.S.!Ii :12.:1 :1:1.21 ~4.0j :H.4i ~4.s, 35.n

1

3u.:l 3o.9

Supplements to wages and salarie,_____ 14. !li' 17. o' 17, .,! 1!1.1;\ 17.:11 17.2117. ''i 17. k! mol HI. fi Hl. 8 20.0

Proprietors'income ........................ 4:!.7 44.5 46.1i 16.:J 41i,11·1i'i.9 Hi.SI 47.41 Hi.91 46.1il45.1 41l,7

Business and professional.............. :12 1

1

32.7 32.4 :H.;, :n Ill :Jo ol :l" nl :l:l ·o1 :n. 7 :ll ,, :l4.1-il 3:i.1 Farm.................................. ll: fi 11.8 14. 2 II. H u: li 1i l''l 1 i: 2 u: i J:l. 2 12: II HU 11.1)

Rental incomeofpersons.................... 111,91 11.5 11.8 12.0 11.7 11.8 11,9 ll.ll 12.0 12.01 12.0 12.0

Corporate profits and inventory valuation I I I I adjustment............................... 42.11 ll. 7 :36. 7' NA 31,5 3:l.~ 38,0 43.5 H.~' ~1.01 -16,0 NA

l'rofitsbeforetax .....•..•.•............ 44.7 43,3 37.1 NA 32.0 .l3.r, 1 38~l 44.fi 4h."I·'2.G 41i.4 NA Profitstaxliability ....•••......•... 21.2 21.1 18.2 NA Vi.7 lli.!i JX:o

1

21.9 22.1: 2.1.fi 22.6 NA Profits after tax..................... n. ,o 22.2 18.9 N A 16.3 17.1 10. ii n. 7 2:3.81 27. o 23. s KA

Jrn·entoryvaluationadjustment. ....... -2.71-1.5 -.4 NA -.4 .2 -.,lj -1.1 -.\1 -1.6 -.3 NA

Netinterest. ...•..••...........•........... 11.71 13.3 14.3 15.6 13.9 14.1 14.41 14.7 15.1115.4 15,8 16.1

N.\ Not available. , I. Tncluue~ also the pay of empl~yees of gorernment enterprises and of permanent CS. residents employed in the United ~tate:-. hy foreign governments and mternat10nal orJ!nmzatwns.

Febrnar:r 1 \H'.O

ments increased about $}f billion. n·­flecting the advance in rates as well as the higher public debt. The growth in transfer payments, noted earlier. ac­counted for$% billion of the rise in total Federal outlays.

State and local purchases

State and local government purchases of GNP were up $3% billion to a $44 billion total. All major components shared in the increase. l\1ore than half of it was in compensation of employees, as pay rates advanced and the number employed rose 5 percent.

The fiscal position of these units <1S

shown in the income and product ac­counts improved somewhat. Current revenues expanded with the step-up in highway grants from the Federal GoY­ernment and the continued increase in receipts from sales and property taxes.

lmprored Federal Budget outlook

The new Budget transmitted by the President to Congress last month pro­gramed Federal expenditures in bahmce with estimated receipts for the current fiscal year, that ending June 30, 1960. A surplus is calculated for fiscal 1961. A translation of the official Budget esti­mates into the income and product ac­count framework is summarized in the table on page 10.

Realization of the Budget projections would mE:>an that total Federal outlays in calendar 1960 will be up somewhn t over the December quarter of 1959 as a result of bigher transfers and intE:>rest payments. Outlays for goods and sen·­ices are expected to remain substan­tially unchanged. The calculated rise in receipts on income and product account assumes an improvement in business, as outlined in the President's mE:>ssage, and allmYs for the social security tax rate increase which went into effect last month.

It may be noted that the calenJ.ar 1959 deficit on income and product ac­count was substantially less than those shown in the administrative and cash budgets. This is partly because reve­nues as measured for national income purposes include corporate profits taxes on nn accrual basis, and therefore this measure reflected last year's recoyery

Febrnm·y 1000 SURVEY OF CURREXT BUSINESS

Table 1-ll.-National Income by Industry Division, Seasonally Adjusted Quarterly Totals at Annual Rates, 1956-59

[Billions of dollars]

I ' I

19ii611957119.58 1959 --~~---j----1::0:'_ __ ---

I I II I III I IV I I I [ I III I IV I I

All industries, totaL ___________ 350.81366.5 366.2 398.5 355.8 358.9 369,5 380.4 389.4 403.9 398.2 NA

Agriculture, forestry, and fisheries .. -------- 111. 1 16. 4 19.0 16.8 19. 1 18. 7 19.0 19. 1 18.2 17.2 15.2 NA

Manufacturing ______ ------------- ___________ 109.3 112.6 103.7 119.0 100. 3 99.8 104.3 no. 5 115.5 124. 6 118.4 NA Durable-goods industries _______ . __________ 65.9 68.8 61.0 NA 59.1 58.0 60.8 66.1 69.4 76.8 70.4 NA Nondurable-goods industries ... __ .. __ .. ___ 43. 4 43.8 42.7 NA 41.3 41.8 43.5 44.4 46.1 47.8 47.9 NA

Wholesale and retail trade ___________________ .18. 2 60.4 60.5 66.5 57.9 59. 5 61.7 62.9 64.5 66.6 67.3 NA Finance, insurance, and real estate __________ 32.4 34.7 36.6 39.5 36.0 36.3 36.7 37.4 38.2 39.0 40.1 NA Transportation ___________________________ .. __ 16.8 17. 2 16.4 17. 5 16.0 15.9 16.5 17.1 17.5 17. 7 17.3 NA Communications and public utilities ________ 12. 7 13.5 14.4 15.6 14.0 14.3 14.4 14.7 15.2 15.5 15.6 NA

Services ...... ----------------_ .............. 37.3 40.0 41.6 44.7 40.7 41.3 42.0 42.5 43.2 44,3 45.1 NA Oovernment and government enterprises ____ 40.4 43.2 46.7 49.5 45.2 46.2 47.5 48.0 48.3 49.2 49.9 NA (lther _______________________________________ 27.8 28.6 27.3 29.5 26.5 26.8 27.4 28.2 28.6 29.8 29.5 NA

I

:-;.\-Not available.

Table 1-14.-National lncotne by Corporate and Noncorporate Form of Organization, Seasonally Adjusted Quarterly Totals at Annual Rates, 1956-59

[Billions of dollars]

I

19.51) I 1957 1958 Wli9 --

I I

National income _______________ 350.8 366,5 366.2 398.5 355.8

Income originating in corporate business ____ 195,2 203.1 194.4 218.8 187.7

Compensation of employees _____________ 154. 6 162.7 158.9 172.8 157.3 Wages and salaries __________________ 143.8 150.6 146.9 159.2 145.2 Supplements to wages and salaries .. 10.9 12.2 12.1 13.7 12.1

Corporate profits and inventory valua-tion adjustment'-------.-------------- 40.2 39.8 34. !J NA 29.9

Profits before tax'------------------- 42.9 41.4 35.3 NA 30.3 Profits tax liabilitY----------·--- 21.2 21.1 18.2 NA 15. 7 Profits after tax'---------------- 21.7 20.3 17. 1 NA 14.6

Inventory valuation adjustment. ... -2.7 -1.5 -.4 NA -.4

Ket interest. .... ------------ _________ . __ . 3( .6 .6 . 7 .6

Income originating outside corporate busi-155.71 ness ____ ----------------------------------- 163.4 171.8 179.6 168.0

'\.-\-Not available. 1. Excludes corporate profits originating in the rest of the world sector.

1958

II I III I IV I

358.9 369,5 380.4 389.4

189,0 196.2 204.8 212.5

156.3 159.5 162.6 168.2 144.4 147.4 150.4 154.9 11.9 12.0 12.2 13.3

32.1 36.1 41.6 43.7 31.8 36.4 42.7 44.6 16.5 18.8 21.9 22.6 15.4 17.6 20.8 22.0

.2 -.3 -1.1 -.9

.6 .6 .6 . 7

169.9 173.3 175.6 176.9

1959

I II I

III I 403.9 398.21

224.6 218.~

174.6 173. 9 161.0 160.1 13.7 13.8

49.3 44.2 50.9 44.5 25.6 22.6 25.3 21.9

-1.6 -.3

. 7 . 7

179.3 179.5 I

IV

N A

NA

174. 160.

6 7

13.9

NA NA NA NA NA

• 7

182.9

Table 1-18.-Relation of Gross National Product, National Income, and Personal Income, Seasonally Adjusted Quarterly Totals at Annual Rates, 1956-59

[Billions of dollars]

I .. , 1958 1959 1957 1~.>8 19.59

--~--~-r-;~--~~- --~--,-~0~1~

Gross national product_ ____________________ 419.2 442.5 441.7 479.5 431.0 434.5 444.0 457.1 470.41 484. 8 478.6 48.1.5

I~ss: Capital consumption allowances ..... 34.4 36.9 37.9 40.2 37.5 37.6 38.0 38.5 39.3 39.9 40.5 41.2 Indirect business tax and nontax lia-bility ______________________________ . 3.5. i 38.1 39.0 42.0 38.3 38.9 39.1 39.9 40.7 41.7 42.3 43.1 Business transfer payments.---------- 1.6 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 Statistical discrepancy-------- __ . __ .. _ -2.4 . 5 -2.1 -2.3 -1.2 -1.5 -3.3 -2.4 . 2 -1.7 -3.6 N:\

Plus: Subsidies less current surplus of gov-ernment enterprises ___________ ----._ . 9 l.l 1.0 . 7 1.1 1.1 1.0 1.0 .8 . 7 .6 . 6

Equals: National income ____________________ 350.8 366.5 366.2 398.5 355.8 358.9 369.5 380.4 389.4 403.9 398.2 NA

Less: Corporate Jlrofit.s and inventory val-uation a justment __________________ 42.0 41. 7 36.7 NA 31.5 33.8 38.0 43.5 45.5 51.0 46.0 NA

Contributions for social insurance ..... 12.6 14.6 15.1 17.9 14.8 14.8 15.3 15.5 17.5 17.9 18. 1 18.2 Excess of wage accruals over disburse-

ments .. ---------------------------- .0 .0 .0 .0 .6 .6 -1.3 .0 .0 .0 .0 .0

Plus: Government transfer payments to persons ____________________________ 17.2 20.0 24.4 25.1 22.8 24.9 25.4 25.1 24.7 24.8 24.8 26.0 Net interest paid by government. .... .). 7 6. 2 6.2 6.8 6.2 6.2 6.1 6.1 6. 3 6.6 7.0 i. 4 Divi<lends .. --------- ________________ 1I:hl 1i: ~ 12.4 13.2 12.7 12.6 12.6 12.0 12.8 13.0 13.4 13.6 Business transfer payments ... -------· 1.7 1.7 1.7 1.7 1.7 1.7 l. 71 1. 7 l.i 1.7

Equals: Personal income ____________________ 332. 91 350.6 359.0 380.2 ~52. 2 355,0 363.4 366.3 371. 8, 381.1 381.0 .386. 8 i i I '

:-;- .\--:-;-ot availahle.

13

in profits immediately. Again, expendi­tures on national income and product account exclude loans and other capital transactions, which involved substantial disbursements in 1959. These and otlwr accounting differences are quantita­tively much less important in 1960.

National Income The one-tenth rise in national iu­

come last year, now indicated by data covering all components except fourth­quarter profits, was basically the result of expanding activity though it also reflected higher prices paid for labor and property services. The larger production volume was made possibh· by expanded employment, some length­ening of the average workweek, and an improvement in operating efficiency. Real gains were widespread in tht• economy, and nearly all industries established records in both volume and value of production.

The improvement from 1958 was particularly pronounced in durablt>s manufacturing, where the effects of general cyclical ad vance were only partially checked by the steel shutdown. Gains were less sharp in the mining awl railroad industries, which depend on steel activity for considerable business. Substantial increases in output occurred in nondurables manufacturing and in trade.

The rise in income from contract construction work stemmed primarily from an advance in the amount of building and other types of construction put in place. A considerable part of such activity is carried on outside tht> contract construction industry, bein~ done by the companies themselves or-­in the case of private houses-by real estate developers. Such work is re­flected in the income and product of the industries concerned. A substantial share of the overall increase in activity last year, however, was accomplished by the contract construction industry proper.

A variety of service-type industries­including the public utilities, finance. insurance and real estate, and the services division-continued up on postwar growth trends. The only exception to the general advance w:b

14 SURVEY OF CURRE~T BUSIXESS

Table 11-2.-Personal Income and Its Disposition, Seasonally Adjusted Quarterly Totals at Annual Rates, 1956-59 [Billions of dollars]

i 19.}6 11~.57

1958 195~

I I I! I III I IV

Personalincome ___________________________ 332.9 350,6 359,0 380,2 352.2 355,0 363.4 366.3 37l.S 381.1 381.0 386.8

Wage and salary disbursements ________ _ Commodity-producing industries .. _

Manufacturing only ____________ _ Distributive industries ............. _ Service industries ... ____ --------- .. _ Government. ______________________ _

Other labor ineome ____________________ _

Proprietors' income ____________________ _ Business and professionaL _________ _ Farin _____________________________ _

!\ental iueome of persons _______________ _ Dividends .. __ --·--------- .. _._. ________ _ Personal interest income _______________ _

Transfer payments ..... ________________ _ Old-age and survivors insurance

benefits _________________________ _ State unemployinent insuranre

benefits. ___________ ... _ .... _ ..... . \'eterans' benefits. _______________ . Other ______ .... ___________________ _

Less: Personal contributions for sof'ial insurance ____________________________ _

Le,;s: Personal t.ax and non tax payments .... Federal. ___________ .... ______ ._. ___ _ State and locaL _________________ _

~6~5~4~8~H~4~3~1~Rm4ms~.5 ~7~2 ~8~3 ~3 M8 ~2~9~2~6~6~9 n7 ~8 ffi7 ~6 Th8 U9 ffi9 m1 ~I ~4 MD ~8 003 ~4 ~8 ~6 ~4 ~I Ml M5 MD ~4 ~3 ~6 ~5 ~7 M6 ~2 ~7 M3 M9 M3 ~D ~D ~6 ~3 ~D ~2 ~2 ~7 U2 ~2 ~2 K3 K7 ~4 ~0 ~7

8. I 9. 1 9. 3 10. 0 9. 3 9. 3 9. 3 9. 4 9. 7 9. 9 10. I 10. 3

~7 K5 ~6 ~3 ~I ~9 ~8 ~4 ~9 ~6 ~I ~7 32. I 32. 7 32. 4 34. 5 31. 6 32. 0 32. 8 33. 2 33. 7 3!. 5 34. 8 35. 1 11.6 11.8 14.2 11.8 14.6 13.9 14.2 14.1 13.2 12.1 10.3 11.6

10.9 11.5 11.8 12.0 11.7 JI.S 11.9 12. I 12.5 12.4 13.2 12. 7 12.6 12. ii 17 .. 1 19. -1 20. 4 22. 4 20. 2 20. 3 20 .. 1

~8 n7 Zl Z8 R4 ZH n1

5. 7 7. 3 8. 5 10. I 7. 9 8. 6 8. 7

1.4 4. 2 7. 5

1.8 3.9 2.5 3.1 4.4 4.6 4.4 4.6 8. 3 9. I 9. 7 8. 9

4. 2 4. 8 4. 6 4. ,, 9. 2 9. I

11.9 12.0 12.D 12. ()I 12.8 I:J. 0 20. ~ 21. 3 22. D

26. 8 26. 4 26. 5

8. 8 9. 4 10.2

4. 2 2. 9 2. 2 4.5 4.5 4.ii 9. 3 9. 5 9. 6

12.0 12.0 13.4 13.6 22. 7 23 .. 1

26. 5 27. 7

10.4 10. ii

2. D 2. 8 4. 3 4. 4 9. 8 9. 9

5. 8 0. 7 7. 0 8. :l 6. 9 0. 9 7. I 7. I 8. I 8. 3 8. 4 8. 4

40.0 42.7 3-\ 2 37.4

4. 8 5. 4

42. 6 4.) .. ) 36. 7 39.2

5. 8 6. 3

41.9 36.2

5. 7

42. I 42. 9 43. 4 36. 3 37. I 37. 4

fl. 8 .), 9 6. 0

44. 4 4.1. 8 4i\. 9 38. 2 39. ,) 39. 5 6.2 6.3 6.4

46. I 39.7

6. 4

Equals: Disposable personal income________ 292.9 307.9 :316.5 334.6 310,3 312. 9 320,4 322.9 327.4 335.3 335.1 340.8

Less: Personal consumption, e>penditures 269. 9 284. 8 293. 0 311. 6 287. 3 290. 9 294. 4 299. 1 303. 9 311. 2 313. 3 317.0

Equals: Personal saving ... _________________ 23,0 2-3.1 2.3.5 23.1 22,9 22,0 26.0 23.7 23,5 24.1 21.9 2-3.7

.-hWendum: Disposable personal income in ronstant (1954) dollars.. __________________ 286.9 292.9 29ii.2 309.0 290.0 291.6 299.2 300.4 3D4.3 310.7 308.9 312.9

Table II-6.-Personal Consumption Expenditures by 1\Iajor Type, Seasonally Adjusted Quarterly Totals at Annual Hates, 1956-59 [Billions of dollars]

Hom ""' I '"·• ww 19-58

I

Goodsandservices, totaL ________ 269.9 284.8 2!13.0 311.6 287.31290.9

36.9 36.7 13.5 13.6 17.2 17.0 6. I 0.1

294. 41299, I I' 303. 9

37. I 39. 8 4 I. 3 13. 21 15. 7 , I 7. 2 Ii.H 17.S 17.7 6.3 6.:; 6.4

Hurable goods, totaL ...... _______________ _ .\ utomo biles and parts ...... ______ .. __ _ Furniture and household ~qnipmenL ( lth~r. .. ---------------------------

Nunducable goods, tota[_ _________________ _ Food and beverages .. _________________ _ CLothing and shoes __ • _________________ _ n-usoline and oil _______________________ _ Other ... ____ ... _ ....... ____ ........ _._-

38.5 40,3 37.6 43.0 15.8 li.O 14.0 17.8 17.4 17.4 17.4 18.!\ 5.3 5.8 6.2 tl.6

131. 4 137. i 141.9 147.9 71. 2 7 4. 3 76. 6 78. 8 24. 5 2:3. -1 26. 1 27. 7 9.6 10.4 10.5 11.2

26. 2 27. G 28. 7 30. 2

139.5 141.5 7.1.8 77.0 25. 3 2.5. 7 10. ;; 10.4 28. 1 28. 3

143. I 143. 6 145.3 itl. G 77. 0 77. S 26. 7 2G. ll 26. 7 10.7 10.7 11.0 29. I 2Y. 3 29. 8

&>rvices, totaL ...... __ ... ------ ___ ........ _ 100.0 19~·71113,4 120.~ ll!.O 1.1~.~ I.U.2 ,1.15.7 ll7.4 Housing________________________________ :32. i llousehold operation________________ H.·' Transportation___________ __ ~-n Olher.. _______________________ ns

.3.>. 2 ; oR 0 40. ; 3;, 0 3;, 1 38. ·I , 39.0 39. 6 1:).8 I W.9 I7.K 10.5 Hi.b 17.0: 17.2 17.:3 8. \) ! 9. 1 I !J. 4 I R. \) I (1. ll ; !1. I I 9. 2 !). 3

lti. ~ i tH. 4 ' fl2.:.;;. I 4K. li I -1!1. 2 ' -N. 7 I -~0. :) 1,' .ll. 1 ' : I i ! ,

IV 59

3ll.2 313.3 317.0

44. I 43. 6 42. 8 18.8 18.2 17.2 18. 8 18. 9 18. 8 G.4 6.5 6.8

147.7 148.0 79. o I 78. s 27. 8 27. 8 11. 1 II. 3 :1'J. 8 30. I

ll9. 4 40.3 17.6

H. 3 ;12. I

121.6 41. () 17.8 9. 5

5:J. I

150.1 7!1. [j 28. :l 11.4 30.9

121.1 41. S 18. 1 9.6

;)~.I)

Tahl<" 11-7.-Peo·sm~al Consumption Expenditures hy .\lajor Type, Quarh·rly, 1956-59 [Bill ion> of doll<Jr']

I 195tl I 1!1.571 19.581 195V lr ' ' '

269. 91 28·1. 81

I

it;, 81 76. 'I Goods and sen·ices, totaL _____ 293.0 311.6 68.31

71. 9 72. I 80.7 -? _: 85. fi '··"I Durable goods, tot.aL ...... ____________ --- :J~. 5 40.3 37.6 4:J. 0 8.3 9, I 8, 8 11.4 s. 4 II. I 10,:!1 12. :j

.\utomobiles and parts ............. 1.\ ~ 17. 01 II. II 17. X 3. 41 3. 7 3. 2 3." 4 .,

.5. ~I 4. :l 4 ., --- • u

>'umitme and household equipment. li. 4 17. 4 17. 4 18. fi J. -~ 1.1 4. ;! :1. 2j :J. g .J..-, Ui t,,tj Other ...... _______ ........ __ ... ______ -- -~- 3 " 'I n. 2 fi.R !.I 1.4 J.;j 2. t: 1.2 1.4 1.4 2.1;

:-!on durable goods, lolaL ...... _____

~~:·.:r 1:37.7 141. !I 147.9 32.11 :34.4 :li.S 40. 'i 3:3,6 35,8 :)6. 0 42.5

Fo<Kl and beverages ___________________ .. 74. :;J 7ti. t) !S, ~~ 17. v lU. I lH. i Hl.\Ji 18. 4 HJ.t1 20.2 :W.ti t' lothing and shoes ....... __ .... _________ 24. ·' 2-\ 4! :lf).l 27. 7 .\2 fi. 2 :i . .S X. U. :"i. 6 n.n 6.1 Y .. i CTH~oline and oiL. _________ ----------. ___ . V.H 111.1! 10 .. 1 I l. 2] 2.:; 2. i> 2.1-i 2. li: q 2. 91 /.:~I 2. ·' OOwr ___ .... _ ...................... - --- 2fi. :zl '27. f)i 2S. 7 :lO. 2) 6. 7 fi.:l tU £1.2'

n. 'I 9. 7

S<>rvkes. lolaL ........................ _ -- 100. o1

106. i' Jl:3. 4 120.71 28,0 28 .. 3 28,51 28,1il 2~. 6[ :JU, o1

:!0. 41 .30. i

II \1.7! I

Housing _________ ---------- _________ . ____ :;2. ;-)i_ 2 "'-11 -hi. I H. 2 ~J. il. hi !J.\Ii 1u. II 10 21 w.:. l!<>usehold oper"tion ___ ...... ___________ H ]1,.1.,! 1n. n 17. x: t ~I 4. 2 :::. gl 4. ;;, i: ~~ t :;: 1.111 4, !i T'ransporl>ltion _________________________ 8. ·"· ~j I \),] ~- .j' 2. :; 2 .. tl 2. :;, :.?. ~ 2. ·\ 2 . .j Other ___________ --------_---------~--- .J:J. -H;. ,~<, -!9. 4 :i2. b; 1',!.0 12.-1 12. -;' 12. :l I') - 1:1.1 l:tlil n:;

Feb rna ry 1 HI)O

in agriculture, where incomes lowered by price declines and production expenses.

\Y(' 1'1'

nsmg

Income in durables manufacturing

Income from the manufacture of durable goods rose almost one-fifth from 1958 to 1959, reaching an annual rate of $73 billion for the first half and approaching this pace in the second. Over a third of the gain in average employment for the economy as a whole in 1959 was in these lines. In addition, opera.ting efficiency improved consider­ably as production moved up from the uncconomically low rates which had characterized the recession phase of the cycle. Together with some rise in weeldy hours, these elements accounted for most of the income expansion.

Production volume and income were up considerably in every major group. As usual in short-term business swings, the changes in these lines were con­siderably sharper than in real GNP as a whole .

Despite its unfavorable fourth­quarter experience, the auto industry registered a steep rise both in income and in units produced. The real gain in auto manufacturing income and product is traceable to an increase of one-sixth in average employment for the year and a greater-than-average improvement in efficiency as production swung sharply higher. The retarding effects of the steel strike were visible in the comparative record for primary and fabricated metals. Employment and output gains in these, though sub­stantial, were relatively less than in other durables lines.

.~viarked advances were registered by durable goods industries benefiting from the rise in construction activity.

Growth in nondurables

Income from nondurables manufac­tming. which had declined relatively little in 1958, accordingly rose less last year than did earnings in the more cyclically-sensitive industries. The 19.59 total was around one-tenth-more than $4 billion-above the previous ~-ear.

As elsewhere. the rise stemmed mainly from volume gains, as employnwnt mov!!d up itnd the tenckncy townrds more dficit'nt utilization of labor nnd ffwilities ('Ontinued.

Ft>brnary HI(JO

Income expansion was general among the nondurables groups, reflecting the rise in direct consumer purchasing de­scribed above as well as an upswing in sales to industrial users. Improvement \Vas particularly marked in textiles and apparel, chemicals, and rubber. The increase reported for textiles and ap­parel was the largest in these lines sinee 1950, both in dollar income nnd in production volume.

Profits reverse 1958 decline

With the cyclical upswing in manu­facturing nnd the vigorous growth in other industries largely corporate inform of organization, corporatt' profits rose sharply from t.Jw deprpssed levels of 1958.

For tlw first half of the year, net incomt' befort' taxes reached an annual rate above $48 billion, excluding gains from the advance in prices of invcntor~T goods, and m•arly $50 billion when such gains are ineluded. On an after-tax lmsis the first half rate of profits exceeded $25 billion.

In the third quarter, net income de­clined somP 5 percent. The mixed movements which charaeterizt'd the rlosing months of thP year cannot yet be weighed from the data at hand. The effects of the substantial recovery in steel production, for example, were more or less offset by a cut in auto profits. From what information is available now it does not appear that tlw fourth-quarter expPrit•nce differed gn•atly from that of the third quarter overall. If so, profits last year exccpded I 958 by one-fourth or more and sur­passed the previous record, set in 1955, by nearly one-tenth.

The industry pattern of the 1959 profits rise was broadly similar to that found in total ineome and product. There was a strong cyclical a.dvance in manufacturing, partly damped down by developments in steel. ~[ining and transportation showed tlw same two influences. Earnings in trade, services. finance, and the utilities reflected a <'ombination of moderate cyclieal gains with an extension of the longer-tt'rm growth in thesP industries.

Growth in employee and other incomes

Compensation of employees rose mon· than $20 billion, or 8 prrcent, to rra<'b

SURVEY OF ClJHRE:t\T BUSINESS 15

Table 111-3.-Government Receipts and Expenditures, Seasonally Adjusted Quarterlv Totals at Annual Rates, 1956-59 · ·

Federal Government recf'ipts

Personal tax and non tax re('r.ipts __ _ Corporate profits tax accruals_-----····--­Indirect business tax an(l non tax nrenwls Contributions for :-;ocial in....,nnm(•e __

Federal Government expenditures ____ .

Purchases of ~wods and services ________ _ Transfer payrnPnts _____________________ _

To persons ____ ----------- __________ _ Foreign (netl---··-···-·---------·--

Grants-in-aid to State and Ioc,ll g-uvenl-

[Billions of ilolhm]

l~5G 1957 1958 1H09

77.5 81.9 78.4

3.1. 2 37. 4 36. 7 20. 2 20. I 17. 3 11.6 12.2 II. 9 10. fj 12. 2 12. 5

ss. sl 75.2

au. 2 36. 2 "A 14.9 12.6 11.8 14. 9 12. 3

1959

I I II I III IV

I ~1 na ~o ~5 na ~7 ~3 ~1 ~4 ~2 ~5 ~5 !.1. 7 17. 9 20. 8 21. 6 24. 4 21. 5 12.0 11.7 12.1 12.2 12.4 12.7 12. 2 12. 6 12. 7 14. 6 14. 9 Vi. 0

NA

39.7 ~A 12.9 15.0

71.8 79.5 87.4 90.9 83.2 87.0 89.3 90.8 90.5 90.9 91.0 91.6

45. 7 ·19. 4 .12. 2 .13. 5 14.9 17.4 21.2 21.9 I:J. 5 15. 9 l!l. 9 20. :; !. 5 !. 5 1. 3 !. 5

50. 1 li I. 3 53. I 54. 2 53. 8 53. 9 S3. 6 52. 7 1\1 .. 1 21. 6 22. I 21. 9 21. 4 21. 5 21. 6 22. !I ma na nu m4 mo m1 m1 n2 1.2 1.3 1.2 1.5 1.5 1.4 1.5 1.7

ments_ .. ______________________________ 3.3 4.1 5.4 6.5 4.8 .5.3 5.5 6.0 6.5 6.6 6.6 6.4 Netinterestpaid ________________________ o.2 5.6 5.5 6.1 5.7 5.6 5.5 5.5 5.6 5.9 6.2 6.7 Suhsidies less current surplus of govern-

mententerprises_·-----·---·--··------ 2.7 3.0 3.1 3.0 3.1 3.1 3.2 3.2 3.1 3.0 2.9 2.9

Surplus or deficit (-) on income and product account__ __ ---------- 5.7 2.4 -9.1 -2.1 -8.0-10.9-10.1 -7.8 -3.9 .4 -2.4 NA

Stateandlocalgovernmentre<·eipts____ ___ 35.2 38.7 41.9 46.4 40.3 41.4 42.4 43.7 45.2 46.4 46.8 NA

Personal tax and non tax reet>ipt s _______ _ Corporate profits tax accruals ___________ _ Indirect business tax and nontnx ae-

cruals ______________________ -------- __ _ Contributions for sociftl insurance _____ _ Federal grants·in-aid ___ ----------------

State and local government expenditures __ .

Purchases of goods and serYicm: ________ _ Transfer payme"!ltS to persons ___________ _ Net interest paid ______________________ _ Less: Current surplus of government enterprises ___________________________ _

Surplus or deficit (-) on income and product account_ __ _

NA-Not avnilahle.

4. 8 1.0

24. 1 2. 0 :J. 3

:)5. 71

5.4 5.8 6.3 5.7 l.G .9 NA .7

25. 9 27. 2 29. 4 26. 5 2.3 2.7 3.0 2.5 4.1 .1.4 6.5 4.8

39.6 43.5 47.2 42.3

5. 8 .8

26. g 2.6 5.31

I 42.8!

5.9 6.0 6.2 6.3 6.4 . 9 I. 0 !. 1 1. 2 !. 1

27. 4 27. 9 2S. 5 29. 3 29. 7 2.7 2.8 2.9 3.0 3.1 5.5 6.0 6.5 6.6 6.6

43. si 45.1 46. s 46.9 47.8

6.4 1.1

KA 3.2 6.-l

47.9

~2 •s ~5 K1 ~2 ~7 ~8 tl2 43. 6 43. 8 44. 8 41. 7 3. 7 4. 1 4. 5 4. 8 4. 5 4. 5 4. 5 4. 6 4. 8 4. 7 4. 7 4. 8 .5 .6 .6 .7 .6 .6 .6 .7 . 7 • 7 . 7 . 8

1. 7 1. 9 2. 1 2. 3 2. 0 2. 1 2.1 2. 2 2.2 2.3 2.3 2.3

-.5 -1.0 -1.6 -.9 -1.9 -1.4j -1.4 -1.7 -1.6 -.5 -1.0 NA

Table 111-4.-Government Heceipts and Expenditures. Quarterly, 1956-59

[Billions of dollars]

Federal Gove-rnment receipts ____ .. __ _

Personal tax <llld non tax recf•ipts_. Coq1orate profits tax accruals. _________ . Indirl'ct business tax and non tax uccruab_ Contributions for social insunlnce ______ _

Federal (~overnment expenditures ________ _

Purchases of goods and scrviees ________ _ Transfer payments _____ -·- ______________ _

To persons __________ ----------· ____ _ Foreign (m•t) ____________ -·- _____ . __ _

Grants-in-aid to State and local govern-nlents ________________________________ _ Net interest paid __________________ ... __ SubsiUies less current surplus of g:on•rn-

nwnt enterprises. ___________________ _

Surplus or deficit (-) on income and prod-uct account_ _____ _

State and local government tE'C'eipts _____ _

Personal tax and non tax receipt::; _______ . Corporate profits tax accruals __ ----~--­llHiirect hnsincss tax and non tax <:tecruals_ Contributions for social in~nrance-~ .. Federal grants-in-aid ____ _

State and local government expenditures.

Pnrcha.St'S of goods and services ________ _ Transfer }Ja.yments to pf'rsons __ Net interest paid _______ ....... _______ _ Lt•ss: Current surplus of governnwnt

enterprises ________ _

Surplus or dcfirit (-) on incomE" and prod-uct account. ___ _

N .\--Not an1ilahlP.

I l!l5S I 1959

-~;T ;;; ~-~~:t-~-~~~-T-;;1-~--1957 1

I

1\J!'iS

77.51

%.21 20.2 11.6 10.6

81. nl 37.4

1

20.1 12.2 12.2

I 78.4 ss.sl :Jo. 7 3Y. 2 17.3 NA II. 9 12. fJ 12. 5 14.9

' I I I I I 1!!. 7! 20.2: I!!. 81 18.81 21.6 21.21 21.91 N A

9. 6 u. 711

!i. 4 i h. 01 9. "' 10. 9 9. g· 8. 9

~:~ ~:5 u1. trl g:~~ ~:~ ~:~ ~."t

3. 7 3. 51 2. 9 2. 3 4. 2 4. 1 3. 4 3. 2

71.8

4.1. 7 14. g 1:J. 5

79.5 87.4 90.9 20.8 21. s[ 22. s! 22.3 22.4 22.8 23. o 22. 9

12. n! 1a. 31 13. 5

1..1

4(1. 4 17.4 15.9

1.5

o2. 2 .53. s 21. 21 21.9 19. HI 20.31 1.3 1.5

12.51 5. 2 4. 8 .3

.1. 5, 5. 31 5. 2 13.4

5. () 5. 2

. 4

13. 6 13. 5 5. 5 5. a 5.1 4. (I

. 4 . 4

13.1 5. 5 5.1 .4

3. 3 .5. 2

4. 1 5.6

5. 4 5. 5

6. 5 6.1

1.0 1.4

5:~ ":~lj4:~

1.2 1.5 1.7 1.4 1.5 1.9 !.X L 4 1.-1 I. 4 1. 4 !. 5 !. 6 I. 7

2. 7 3. 0 :;. 1 3. 0 . 7 . 8 1.0 . 6 .6 . 8 .8 .~

5.7 2.4 -9.1 -2.1 -1.1 -1.7 -2.7 -3.5 -.7 1.4 -1.1 NA I

35.2 38.7 11.9 46.4 9.9 10.41 1o.6i

gl u 5:~ ~-,~ !.~~ 1.~~~ L~~ 24. I 25. 9 27. 2 29. 4 6 .. 51 B. 7 <3. 9

1

2. ()I· 2. 3 2. 7 3. o . 61 . 7 . 7 3. 3 4. I .5. 4 6. 5 1. Oi I. 21 I 5

:J5.7· 39.6 43.5 47.2 1o.oi 10.9! 11.2j a:l. 2 36. s 40. s H. I 9. 21 10.11 10 41

3. 7 ·1.1 4. 5 4. 8 1. 1 1 II 1. 11 .5 .6 .6 .7 .11 .21 2

1. 7 1. 9 2. 1 2. 3 . sl . 51 . 5

-.5i -1.01-1.61 -.91 -.11 -.5! -.51

II. 0

1.3 . 3

i.l .7

1.7

II. 5

10.7 1.2 .2

-.5

11.0

1.7

7:~1 . 7 1.4

10.9/

10.1 1.2 . 2

.6

.1

11.3 12.0

1.5 1.6 . 3 . 3

7.3 7. 5 . 8 . 8

!. 5 !. 9

11.8 12.1

11.0 11. 4 I. 2 1.2 • 2 . 2

.6 .6

-.5 -.2

NA

1.6 NA 7. 7 -~ L~

12.4

II.G 1.2 .2

.t3

NA

a total above $277 billion for the year. Tlw increase was most marked for cor­porate employees, with other private and government payrolls also advancing substantialJy. The expansion was in­dustrially widespread; increases were largest in manufacturing, construction, and the service-type industries men­tioned above.

SURVEY OF CURREXT BUSIXESS

Higher employment played an im­portant part in the rise of employee compensation. Together with an in­crease in average hours per week, this improvement accounted for nearly half the gain in private payrolls.

Interest income of individuals ex­tenc!Pd the postwar pattern of inerrascs

February 1000

on the order of a billion dollars a year. and reached a total of $15}f billion. Income of nonfarm business and pro­fessional proprietors was $34% billion. $2 billion above 1958 and nearly as far beyond the previous record established in 1957. Earnings of farm proprietors f('ll back to th(' 19.55-57 averag(' of

Table IV-2.-Foreign Transactions in the National Income Accounts, Seasonally Adjusted Quarterly Totals at Annual Rates, 1956-59

(Billions of dollars]

Receipts from abroad .. ____________ . _____________________ _

Exp·Jrts of goods and services ....

Payments to abroad __________ _

Imports of goods and services _______ .. __ Net transfer payments by Government_ N6t foreign investment. _________ _

1958 1959 1956 1957 1958 1959 1--..--.----r---1--r---.---.---

II I III I IV I I II I III IV I

at ~2 R6 R8 R2 R3 at R7 a5 Rt ~t

~1 a2 n6 n8 n2 n3 ~1 n1 n5 n1 ~1

at ~2 R6 R8 R2 R3 at R7 a5 Rt ~t

23.4

23.4

23.4

mz n3 m.3 ~6 mz n1 1.5 1.5 1.3 1.5 1.2 1.3 1.5 3.5 -.1 -2.4 .7 -.1

21. 5 22. 5 22. 4 23. 9 24. 1 24. 1 1.2 1.5 1.5 1.4 1.5 1.7 .4 -1.3 -2.4 -3.2 -1.5 -2.3

I

Table IV-3.-Foreign Transactions in the National Income Accounts, Quarterly, 1956-59

(Billions of dollars]

Receipts from abroad ..... .

E:q1orts of goods and services ____________ _

Payments to abroad __________ _

Imports of goods and services ___________ . Net transfer payments by Government._ Net foreign investment. ...... ______ ..

1958 1959 1956

I

195711958 1959 1--.---.--.....,---1----,,----,-----,---

I I II I III IV I I II I III

23.1 26.2 22.6 22.81

23. 1 26. 2 22. 6 22. 8

23. 1 26. 2 22. 6 22. 8

20.21 1.5 1.5

21.3 21.3 23.6 1. 5 1. 3 1. 5 3.5 -.1 -2.4

5.4

5. 4

5.4

5.0 .3 .1

5.8

5.8

5.8

5. 4 .3 . 1

5.4

5. 4

5.4

5. 5 .3

-.3

5.9

5. 9

5.9

5. 5 .3 .1

5.3

5. 3

5.3

5. 5 . 4

-.6

5.7

5. 7

5. 7

6.1 • 4

-.8

5. 7

5. 7

5. 7

6. 2 . 4

-.9

IV

6.1

6.1

6.1

5.8 .4

-.1

Table V-2.-Sources and Uses of Gross Saving, Seasonally Adjusted Quarterly Totals at Annual Rates, 1956-59

(Billions of dollars)

I 1957,1958

1958 1959 1--.--..---.--- ---.--.--.--

I I II I III IV I In I III

1959 1956

Grossprivatesaving ______________________________________________________________________________ -----·--- 66.t 68.2 67.5 74.0 64.2 65.0 69.3 71.9 72.9 76.4 72,5 NA

Personal saving ____________________________ .. ____ .. ___ . __ . _____ .. _____ . _____ . _______________________ . __ _ Undistributed corporate profits _____________ . ______ . ___ .. __ .. ------- .... __ ----- ..... --.----- ... ---.-- ... . Corporate inventory valuation adjustment. ____________ . _____ . __ ........... ___ ........ __ ---. __ --- __ .. . Capital consumption allowance ______________________________________ -----------------------------------Excess of wage accruals over disbursements _________________ -------------------------------------------

Govet'nment surplus on income and product transactions ____ -----------------------------------------------

Federal .. _________________ _ State and locaL _______ _

Gross investment _________ _

Gross private domestic in\'estment_ __ _ Net foreign investment._

Statistical discrepancy ___ _

~-\-Xot availahle.

23.0 11.3

-2.7 34.4

.0

23.1 9. 7

-1.5 36.9

.o

23.5 6.5 -.4 37.9

.o

23.1 NA NA 40.2

.0

22.9 3. 6

-.4 37.5

.6

22.0 4. 5 .2

37.6 .6

26.0 6. 9

-.3 38.0

-1.3

23.7 10.7

-1.1 38.5

.0

23.5 11.1 -.9 39.3

.o

24. 1 14.0

-1.6 39.9

.0

21.9 10.4 -.3 40.5

.0

23.7 NA NA 41.2

.0

5. 2 t.4 -to. 7 -3.0 -10.0 -t2.3 -11.5 -9.5 -5.5 -.t -3.4 NA

5.7 2.4 -9.1 -2.1 -8.0-10.9-10.1 -7.8 -3.9 .4 -2.4 NA -.5 -1.0 -1.6 -.9 -1.9 -1.4 -1.4 -1.7 -1.6 -.5 -1.0 NA

~8 ~t ~8 ~7 at ~2 ~6 •o ~6 U5 &5 ~4

67. 4 66. 6 54.9 71. 1 1.5 3.5 -.1 -2.4

52.4 . 7

R3 ~2 m.3 mo n1 ~o •• -.1 .4 -1.3 -2.4 -3.2 -1.5 -2.3

-2.4 .5 -2.1 -2.3 -1.2 -1.5 -3.3 -2.4 .2 -1.7 -3.6 NA

February 1960

just under $12 billion, after having reached $14 billion in 1958.

Note. Constant-dollar GNP in the text of this report and in the charts has been expressed in 1959 prices, because a recent price base is most

SURVEY OF CURRENT BUSINESS

convenient in current business analysis. The basic calculations, however, have been carried out in terms of 1954 prices as shown in Table I -5. The conversion from the 1954 to the 1959 price base is accomplished by ex­tending the various components of the current-dollar GNP for the year 1959

17

on the basis of the relative movement of the corresponding components ex­pressed in 1954 dollars. In general, this conversion has been done in terms of the published GNP components. In some instances, however-notably inventory change-unpublished detail is used.

Table VI-10.-Corporate Profits (Before Tax) and Inventory Valuation Adjustment, by Broad Industry Groups, Seasonally Adjustt"d Quarterly Totals at Annual Rates, 1956-59

[Billions of dollars]

1958 1959 1956 1957 1958 1959

II I III IV I I II I III IV

All industries, tota'---------------------------------------------------------------------------- 42.0 41.7 36.7 NA 31.5 33.8 38.0 43.5 45.5 51.0 46.0 NA

Manufacturing _____________ --------------------------------------------------------------------------------- 23. 5 23.2 18.7 NA 16.2 16.7 19. 1 22.9 24.2 28.6 23. 8 NA

Durable-goods industries________________________________________________________________________________ 12.6 13. 1 9. 5 N A 7. 9 8. 2 9. 3 12.6 13.0 17.0 I2. 3 NA Nondurable-goods industries____________________________________________________________________________ !0. 9 !0. 0 9. 2 NA 8. 3 8. 5 9. 8 !0. 3 11.2 II. 6 II. 5 NA

Transportation, communications, and public utilities_______________________________________________________ 5. 6 5. 5 5. 7 NA 5.1 5. 4 5. 9 6. 4 6. 7 6. 8 6. 4 NA

All other industries _______ _ 12.9 13.1 I2.3 NA 10.3 11.7 13.0 14.2 14.7 15.6 15.8 NA

NA-Not available.

Table VII-3.-Implicit Price Deflators for Seasonally Adjusterl Quarterly Gross National Product or Expenditure, 1956-59

[Index numbers, 10:i4~ 100]

1958 1959 1956 1957 1958 1959 1--,------,--------,--

I I II I III I IV -~T~~;~F Gross national product__ ______________________ --------------------_______________________________ 104. 6 108. 4 110.7 112.61110.21110.5 110. 7 111. 3!111. 81112.2 112.8 113.3

Personal consumption expenditures------------------------------------------------------------------------- 102.1 105.1 107.2 108.3 107.0 107.3 107.1 107.5 107.6• 107.9 108.5 108.9

Durable goods-------------------------------------------------------------------------- __ --------------- 101. 3 104.8 105.2 106. 9 104. 7 104. 9 105.2 !Ofl. 0 106. ·11107. I 107.3 106. 5 Nondurable goods ____________________________________________ ------------------_________________________ 100. 9 lo:l. 9 106. 1 106.2 106.3 !Ofl. 6 10.1. 8 106.0 100. 8 105. 7 106. 2 106. 7 Services ____________________________________________ -------------------------------------------------____ 104. I 107. 0 109.2 Ill. G 108.6 109.0 109. ~1 109.9 110. 5 Ill. I Ill.~ 112. 6

Gross private domestic investment_ ____________________________ --------------------- ______ ----------- ______ _

Ne\~~~fJ!~~f!io~;{arm:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: )g~: g m: § m: I ii~:% m: ~ iJU mj iiU m: ~ m: ~I iiU ilk~ Other _______________________________________________________________________________________________ 110.7 115.3 116.4 119.9 115.6 115.9 !1.1.9 117.5 118.fJ 120.1 120.6 120.2

Producers' durable equipment_ _______ ---------------------------------------------- _____ ------------___ 109. 0 115. 8 119.0 121. 5 118.2 119. 0 1!9. 3 1!9. 7 120.8 122. 0 122. 0 121.3 Change in business inventories-totaL----------------------------------------------------------------- ________________________ ------ _____ _

Net exports of goods and services (GNP basisl----------------------------------------------------------

Exports __________________ --------------------------------------------___________________________________ 103. 4 107.3 104. 6 105.0 105. 7 104.7 103. 7 104.3 105.2 105. 8 104.4 104.5 Imports _____ ------------------------------------------------------------------------------------------ 101.8 103.2 98.8 97.1 !00.4 99.4 98.4 97.4 96.0 97.9 96.•1 97.7

Government purchases of goods and services------------------------------------------------------- 109.2 114.9 118.1 121.1 116.8 117.2 119.0 1!9.4 119.7 120.1 121.5 123,2

Federal.. ___ -- _____________________________________ ------------------------------------_________________ 109. 7 11.5. 4 118.4 121.2 117. 2 1lfi. 9 119. 7 119. 9\119. 8 119. 8

1

121. nl 123. 4 State and locaL ____ . ___________________________________________________________________________________ 10S.6 111.2 117.7

1

121.111H\.:l 117.6 117.9 11~.9 119.fi 120.4 121.4[123.0

Table VII-13.-Corporate Profits and Inventory Valuation Adjustment, Quarterly, 1956-59 [Billions of dollars]

1959 1958 I 1958

1959,--.---.-------.---I---.---,--------,--

I I n lrn IV I n I nr IV

Corporate profits and inventory valuation adjustment_ ________________ _

Profits before tax __________________ .. _________ ------ ___________________ _

Pro fils tm liability _____________ .. Profit;;; nfter tnx_ ___ -----·. ---·

inventory v81Lr1tion adjustment ____ .

N·A-Not uvculaLle.

42.0 -11.7 36.7 NA

44.7 4:1.3 37.1 NA

21.2 21. I 2:l . .0 22.2 -~. 7 -1.0

!R.2 NA JR.~ NA -.1

1

NA

7.4

7. 6

3. 7 3. g -.:>

8.6

8.·1

4.1 4.:J .I

9. 7 11. 0 10. 6

9. 8 11. 3 10. 8

4.8 fi. 0

-.1

fi. 5 .1. 7

-.2 I

11.5

II. 6

5.6 5. 9

-.1

NA

NA

NA NA NA

The Balance of International Payments in 1959 Payments Exceeded Receipts; Some Improvement in Second Half

A _:...rAJOR feature in last year's foreign transactions of the United States was the decline of the export surplus of trade in nonmilitary mer­chandise to less than $1 billion from $3.3 billion in 1958. The change was due to a rise in imports; exports were about the same as in the previous year.

Much of this decline in the trade surplus was offset, however, by smaller net payments on other transactions, mainly through changes in capital movements. As a result, (excluding the capital contribution of $1,375 million to the International Monetary Fund) the adverse balance on our foreign transactions as a whole in­creased over 1958 by about $300 million to $3.7 billion.

Both payments and receipts in our foreign operations were higher than in the previous year. On the payments side, the $2.5 billion rise in merchan­dise imports was partially offset by declim's in Government grants and capital outflows, and in private invest­ments other than direct investments.

These direct investments were higher than in 1958, mostly because of pur­chases by American parent companies (a) of minority interests in their foreign subsidiaries, and (b) of existing foreign eompanies to expand their operations abroad.

The rise in our receipts was due mainly to advance repa:yments by foreign governments on their debts to the United States Government, and to higher foreign investments here. Re­ceipts from various service transactions were only slightly higher.

The accompanying charts put these developments into longer perspectives. The decline in the trade balance in 1959 shown in the chart on page 19 continued the movement since the middle of 1957, although last year it

18

it was due to r1smg imports, rather than declining exports as it was during the early part of that period. Through 1958, most of the change in merchan­dise trade was refleeted rather directly in the size of the aggregate balance of payments deficit but in 1959 it was largely offset by plus changes in other transactions, particularly during the latter half of the year.

Gold loss lower-Foreign dollar

holdings up

Although net payments to foreign countries and international institutions (even omitting the new capital contri­bution to the HdF) in 1959 were larger than the year before, transfers of gold were lower. Our gold stock declined by $1,070 million, less than half of the $2.3 billion decline during 1958. This deeline in 1959 includes the transfer of about $044 million of gold to the lMF as part of om capital subscription ( omittt'd in the table on p. 19), which was largely offset b~· sah•s of $300 million by the IMF to the G llited States for non-interest bearing notes. The major part of net foreign receipts through their transactions with tl1e United States was kept in the form of liquid dollar assets-mainly in U.S. Government secmities, which yielded increasing returns as interest rates rose in the domestic market.

Factors in 1nost recent improvenwnt

In the course of 1959 the balance of our international payments improved so mew hat. Net payments during the first half of the year amounted to about $2.1 billion, excluding the large IMF contribution. During the second half they were about $1.6 billion.

Adjustments for seasonal factors would not change this relationship

significantly; adjustments for special factors, such as the advance repayment of Government loans ($150 million in the first quarter, and $285 million in the last), and the probable lag between certain large payments in the latter part of the second quarter and the recording of the corresponding rise in foreign dollar assets during the third (dis­cussed in the December issue of the SuTvey), would also keep net payments during the second half of the year some­what smaller than in the first. 1'\ ever­theless, the balance on our foreign transactions during the second half of 1959, without the advance debt repay­ments and after the other adjustment indicated above, would have resulted in net payments at a somewhat higher rate than during the average of 1958.

Shifts in Merchandise Trade

1'he decline in our foreign deficit dur­ing the second half of last year was due to a small extent to changes in mer­chandise trade. :Merchandise exports, seasonally adjusted, reached the lowest point in the current cycle during the first quarter of 1959. They rose slightly during the second quarter, and com­paratively steeply during the third. During the last quarter of the year, however, exports were off again, though not by so much as the second to third quarter rise.

A part of the 1959 second to thinl quarter rise and the third to fourth quarter decline in exports may be attributed to the anticipations of the dockworkers strike early in October as a result of which shipments \vere made in September which otherwise would have gone out later. Some of the export decline in the fourth quarter may also be attributed to the steel

FebrnalT 1960

st rikc, the effects of which spread to some steel-using industries during that period.

On the other hand, exports of cotton and airplanes accelerated toward the c•nd of the year, and shipments of oil­scPds and various feedstuffs were high to meet the demand arising from last summer's drought in northern Europe. These considerations suggest that the interruption of the export rise was due to temporary factors and that in the early part of this year exports should Pxpand again.

Exports during the second half of 1959 were at an annual rate of $16.9 billion, compared with $15.5 billion during the first. Even after the rise

U. S. Balance of Payments Recent improvement mainly due to transactions other than merchandise trade

Billion Do!lors- Quarterly

10

0

N~t Merchandise Exports (excl. military goods)

---,_ .... ~ ... .,//\ /

'---_,"" /

-10 Balance on Services, Capital, and Other Transactions

1956 1957 1958 1959 Seasonally Adjusted, ot Annual Roles

·Jt Excludes contributions $1.4 billion to the IMF

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

1960

60-2-19

exports of nonmilitary goods were still lower, however, than in 1956 and far from sufficient to balance the net ex­penditures arising from our other inter­national transactions.

The movement in merchandise im­ports led that of exports. (See chart on page 20.) The low point of the last eyclical decline was reaehed early in 1958, about a year earlier than in the low for exports. The subsequent rise of imports accelerated gradually and reached the highest rate during the first half of 1959, but the upward movement did not continue after the middle of the year. During the seeond half of 1959

SURVEY OF CURRENT BUSINESS

imports, seasonally adjusted, were about as high as during the second quarter. The sharp rise early in the year was in part due to petroleum imports which fell off again during the second half. This shift in imports reflected anticipations of and subs('­quent results of U.S. quota limitations on imports. Imports of automobiles, whieh had risen sharply during the first half of the year, did not expand further during the second half.

Most other imports continued to move upwards. There was a continued advance in purchases of foreign steel, which had increased also during 1958. During the first half of the year the demand for higher inventories here in anticipation of the strike, and in the second half aet.ual supply stringencies aecentuated the previously existing upward trend.

The major exceptions to the rise were deelines in the import values of food products-partly because of improved meat supplies in this country, and partly because of lower prices for coffee and cocoa.

The overall stability in imports dur­ing the second half of 1959 thus reflected mixed trends for various types of com­modities. Although a further drop in petroleum imports is not anticipated, imports of steel, meat, and some other products, raised, in part, by temporary influences, may be expected to decline. The rise underway in U.S. business activity, however, may result in a con­tinued expansion in the demand for other imports. Again, therefore, changes in imports of various eommodi­ties should in part be offsetting, so that for some time the changes in the total may continue to be comparatively small.

Service and military transactions

Receipts and payments on inter­national serviees and military transac­tions in 1959 expanded by approxi­mately the same amount. On the U.S. receipts side the major increases were in transportation and travel. Income on investments appears to have ehanged relatively little, with income on direct investments perhaps slightly lower than a year ago (possibly due to a higher share of foreign earnings being re-

19

invested abroad), and income on securi­ties and loans somewhat higher. We paid foreign countries more for trans­portation and travel than in the pre­ceding year. Our interest payments on Government seeurities were also higher last year, but military expenditures were lower than in the preceding year.

The Capital Accounts

Tlw major transactions exerting tt

positive effect on our balance of pay­ments during 1959 were in the capital accounts. In part, these developments refleet the fact that the cyclical move­ment in business activity in the United States was somewhat advanced, com­pared with that in the major European eountries and that credit here started to tighten earlier; in part, they were the result of the large balance of payments surplus in Europe, corresponding to the defieit here.

The tightening of domestic credit conditions-which started around the middle of 19.58-afi'ected new issues of foreign securities in the United States, as well as short-term lending by banks. In 1958, new foreign issues here amounted to nearly $900 million; in 1959, they were about $400 million less. Most of the decline was due to a shift by the International Bank from the

U.S. Balance of International Payments 1958 and 1959

[Billions of dollars]

·----------~~~ 1959P

U.S. Expenditures Abroad U.S. imports _______________ -------

Merchandise _____________________ _ Services and n1ilitary expenditures_

Re1nittances and pensions ____________ _ Government grants and capital out­

flow (short-term net)' '--------------U.S. private capital (net) ____________ _

Tota'--------------------------------

Foreign Expenditures in the United States U.S. exports ______ ---------------------

]\11 erchandise ___________________ ---Services and military sales _______ _

Hepayments on U.S. Government loans .. ___ ------- _________ -----------

Foreign long-term investments in the United States ______________________ _

Transactions unaccounted for (net) __ _

TotaL __ ._·-·-·---------------------

Increase in foreign gold and liquid dollar assets through transactions with the Vnited States 1-------------------------­

of which: U.S. sales of gold'----------

v Preliminary estimates.

:!O.!J 23.5 12.9 l.). 3 8. 0 8. 2 . i .8

3. 2 2. 9 2. 8 2. 3

27.6 29.5

23.2 2:3.4 16.2 16.2

7. 0 7. 2

.ti I 1.0

.0 . ,)

. 4 .9

24.2 2.'),8

3. 4 3 -,{ 2. 3 . 7

1. Excludes the U.S. subscription of $1,375 million to the IM F of which $344 million was paid in gold.

2. Excludes military grant aid.

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

20

United States to Europe as a source of new capital.

The net outflow of short-term bank­ing funds dropped from about $340 million in 1958 to around $100 million in 1959. Medium-term bank loans were also somewhat less in 1959 than a year earlier. Another factor contribut­ing to the reduction in the outflow of U.S. capital was the decline-particu­larly after the middle of 1959-in U.S. purchases of foreign stocks (other than those representing direct investments).

In 1958, our net expenditures on foreign stocks were well over $300 million; in 1959, they were probably not much more than $200 million, and these were concentrated during the first 5 months of the year. The comparative advances in foreign and U.S. stock prices substantially reduced the differ­ences between yields here and abroad on comparable securities, and thus operated to dampen stock purchases abroad.

Foreign Trade Exports started up again in 1959 while imports stabilized

Billion Dollars-Quarterly

30

Exports (excl. military goods)

20

...... ..-"* t __ .__... / .. .,. __ tf/1'

10 Imports

0 1956

Seasonally Adjusted, at Annual Rates

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

1960

60-2-18

SURVEY OF CURRENT BUSINESS

A major element in the shift in capital movements from 1958 to 1959 was the resumption of foreign long-term investments here-mainly through pur­chases of stocks-and the advance re­payments by foreign governments of long-term debts to the U.S. Govern­ment. Togethrr, these two items increased U.S. rrcPipts in the balance of payments in 1959 by nearly $1 billion.

Foreign purchases of U.S. corporate securities had declined in 1957, partly as a result of restrictions imposed in some European countries during the financial crisis earlier in that year. In 1958, fon•ign salrs exceeded purchases by about $40 million. Starting in the latter part of 1958, foreign purchases increased again, and net foreign pur­chases of U.S. corporate securities in 1959 may be estimated at about $400 million. This was more than in any other postwar year.

The rise reflects in part the liberaliza­tion of Em·opean rrstrictions on capital transaetions, which was made pos­sible by the substantial increase in European gold and dollar holdings during 1958 and 1939.

The improved reserve position abroad also made possible the advance repay­ments on foreign debts. The total of such payments was $4:35 million, in­cluding $150 million from Germany, $250 million from the United Kingdom, about $25 million from France, and $10 million from Mexieo.

Current position of United States

The large rise in gold and dollar holdings of the major foreign industrial countries during 1958 and 1959 enabled them to continue the dismani1ing of restrictions on their foreign transac­tions, particularly those with the dollar

February 196{1

area. It also made possible the ac­celeration of economic activity abroad at a more rapid pace than would have been likely if they had to cope with less favorable balance of pay­ments comlitions.

At the end of 1959, business in other industrial countries-as in the United States-was moving forward, and in some countries and industries it was approaching capacity operations. This should-as may be inferred from previous experiences-tend to improve the trade balaneC' of the United States. The rise in foreign business, however, has as in our case also resultC'd in a tightening of credit in the major foreign countries. Karrowing the dif­ferC'nces in the supply situation for credit between the United States and major foreign capital markets may change the effects which capital move­ments had on our balance of payments in 1959.

The tightening of credit. abroad would appear to make less likely a repetition of the developments in 1956 and 1957 when the rise in foreign demand ''.-as speeded up b~, inflationary credit ex­pansion. Tl1is wa.s one of the major factors then aecelerating the growth in our exports which contributed to the temporary balancing of our forPign receipts and payments at that timC'.

A further rise in foreign business activity in combination with certain special factors currently stimulating U.S. exports may he expected to have a beneficial effect on our balance of payments. Part of the necessary im­provement in our foreign accounts, however, will still depend upon the strengthening of our position in inter­national trade by private efforts, and on the effects of various measures already taken or under consideration by the Government for the purpose of achieving this end.

Industry and Finance

THE MAJOR tendencies in industrial and agricultural production and the financial aspects of the general economic

situation earlier summarized, are re­viewed in the more detailed aspects in the final section of this report.

Industrial Growth and Patterns of Production

THE COURSE of production during 1959 reflected the changing patterns of business and consumer demands. The value of new orders placed with manu­facturers during the year was one-sixth higher than in 1958 and 6 percent ahead of 1956, the previous top year. Order placements exceeded shipments during most of the year, resulting in a sizable build-up of backlogs on the books of manufacturers. These stood at $51 billion at yearend, $4~~ billion above the end of 1958.

The placement of new business was particularly brisk in the first half of the year, slowed during the strike period, and partially recovered in the closing months of 1959 to a rate about equal to the average for the year. The 1959 expansion centered in durable goods where new orders received were up a fourth over 1958. The largest relative increases were recorded foe producers ,)f machinery and primary metals.

Industrial production in 1959 was one-eighth above 1958. The cyclical expansion in output, already well under­way in 1958, accelerated in the first half of 1959. By midyear, production was at a peak rate. The stoppage in steel mills beginning in mid-July inter­rupted the upswing. The recovery in early November was rapid and carried

total industrial output by the year-end back to the high June rate.

Work stoppage influence

The impact of the steel shutdown, which covered more than 85 percent of the industry's steel making facilities and caused immediate cutbacks in coal and iron ore output, is depicted in the chart on page 1. Production schedules in the metalworking industries were sustained, in part by drawing on previously built­up inventories of steel and component parts. In the final quarter, however, lack of steel restricted output in anum­ber of metal consuming plants. This was particularly true for autos though other industries-milroad equipment, farm machinery and tractors-were also affected.

Industrial output dropped between June and October, mostly in industries producing materials. Production of final products showed little overall change during this period though some decline occurred in November when auto assemblies were sharply curtailed.

Widespread advance

All of the broad industrial categories of the new Federal Reserve production index contributed to the output rise from 1958 to 1959 and, except for the mining group, production in 1959 was

higher than in any previous year. Du­rable manufacturing, which had shown a marked reduction in the 1957-58 business contraction, registered the larg­est relative increase, more than one­sixth. Non durable and utility output each posted a gain of 10 percent.

Minerals production while larger than in 1958 was held down appreciably by the direct and indirect effects of work stoppages and by a supply-dC'mand posi­tion of refined petroleum products which resulted in restricted operations by crude oil producers under State production quotas during the last half of 1959.

Table I.-Federal Heserve Hevised Indus­trial Production Index, Seasonally Adjusted, 1957=100

Total industrial produc-tion _____________________

Industry: Manufacturing, totaL._

Durable ... -----------Nondurable ___

Mining __________________

Utilities ______ --- ________

Market: Final products, totaL ___

Consumer goods _______ Equipment_ ___________

Matnia]s ___________ . ____

P Preliminary.

1959 J958 J959P ---,--,-­

June I Oct.[ Dec.P

93 105 110 102 109

92 105 110 102 109 87 102 110 9.1 107

100 110 Ill Ill 112

91 9.1 98 91 98

105 115 116 117 121

95 107 108 109 109 99 110 111 112 113 87 100 102 103 102

91 103 110 97 109

Source: Board of Governors of the Federal Reserve System.

Production trends among industry groups during 1959 were uniformly upward in the first half and somewhat irregular in the last half. Persistent growth in the utility industry together with the relative stability of non­durable goods production were factors in the limited temporary decline in total industrial activity.

Record steel output

The steel industry has been operating at a record rate since early last Deeem-

21

22

her. In January of 1960, mill opPra­tions averaged over 95 percent of rated capacity in place as of January 1, 1960, and output surpassed the 12 million ton mark for the first time. Demands for immediate consumption and for inventory buildup continue strong.

For all of 1959, production of steel ingots and castings totaled 93.4 million tons, 10 percent aboye the reduced volume of 1958. This production, in terms of finished steel products, wa.s supplemented by an expanded flow of imports. Exports were reduced sub­stantially so that the supply of finished steel products available for the do­mestic market, amounting to approxi­mately 72 million tons, was nearly one-fourth larger than in 1958 and 5 percent below the 1957 volume.

Output of nonferrous metals in 1959 was generally below 1958 and for most of the year was running below con­sumption. Aluminum vms a notable exception with output higher than in any previous year. Copper activity

Durables Goods Industries New orders and sales trends

Billion Dollars

6 MACHINERY

4

2

6

4

2

6

4

I L

PRIMARY AND FABRICATED METALS

TRANSPORTATION r EQUIPMENT

.I

~ 2 I •••••• I ",1

1957 1958 1959 Quarterly Monthly

Seasonally Adjusted

-

-

-

-

-

1960

U. S. Department of Commerce, Office of Business Economics 6 0 - 2- 7

:-iCHVEY OF <THHEXT IHJ~IXESS

was sharply curtailed in the latter half of the year because of work stoppages which for a large proportion of the industr~' are still in pffect.

Production of materials other than metals generally kept pace with demand. New production peaks were reported for such important basic materials as paper, industrial chemicals including plastics and resin materials, synthetic rubber, and cement.

Expansion in producers' equipment

Fa.ctory output of all types of elec­trical and nonelectrical machinery ex­panded in 1959 h~' one-fifth, with the industry generall~, participating. For some lines-electronic equipment and components, communications equip­ment, and certain types of industrial machiner~, and construction equip­ment-shipments were higher than in a.ny prevwus year.

Production of nonautomotiYe trans­portation equipment-aircraft, ship­building, and railroad equipment-was only slightly above 1958. Activity in aircraft plants was affected by the continuing shift from production of manned military aircraft to missiles, the latter accounting for an increasing proportion of total output in the air­cra.ft manufacturing industry. Total expenditures for the procurement of missiles in fiscal 1960 are programmed by the government to he above tha.t for fiscal 1959.

Rising shipments of civilian aircraft after mid-1959 reflected to a large extent deliveries on domestic and for­eign orders for jet commercial transport planes originally placed more than 2 years ago. Civilian backlogs of all types of planes are close to the record high.

Freight car builders rcceiYed an enlarged volume of new orders last year. Largely because of steel short­ages in the latter half, shipments lagged well behind the order volume so that for the yt>ar as a whole railroads installed some,vhat fewer cars in 1959 than in the previous year. Yearend backlogs stood at 44,000 units, up from the year-ago total of 28,000.

Consumer products

In the aggregate, production of con­sumer goods in('reased by more than

February lDGO

one-tenth from 1958 to 1959. The typically cyclical durable goods-auto­motive products and major household equipment-registered the largest year­to-year gains, over one-fourth.

In autos, a relatively high rate of operations in the first 7 months of the year was followed by reduced activity. Most of the industry was shut down in November because of steel shortages and full output schedules were not reached again until mid-December. Despite the relatively low volume late in 1959, auto assemblies totaled 5.6 million units, more than 1.3 million higher than in 1958.

Strike Effects on Industrial Output Centered largely in metals industries

1957=100 140

1959

All Other Production

Seasonally Adjusted

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

1960

Data: FRS 60-2-8

In January of 1960, the industry operated at an exceptionally fast pace and assemblies climbed to 690,000 units from 500,000 in December. The Janu­ary count was the highest monthly total since December 1955.

Consumer spending for major house­hold appliances, radios, and television receivers was strong throughout 1959 and ma.nufacturers' shipments re­bounded smartly from the 1957-58 recession levels. Year-to-year produc­tion increases were registered for all products with gains for some lines­refrigerators, dishwashers, radios and TV sets-exceeding 20 percent. Br­cause of the expanding volume of appli­ances in use in homes, replacement sales constitute an increasing propor­tion of the market.

FPhrnary 1!)(;0

'l'he general movement of production of such goods as appart>l and shoes, food, beverages, and tobacco manufac­tures, and paper and refined petroleum produets-roughly three-fourths of total consumer goods output-was upward

SUHVEY OF CUHHENT BUSINESS

in 19.59 and new produetion records were established for most product groups. Perhaps most striking was the output rise of on~~-fifth for apparPl products; this large gain follow(•d 4 straight .Fars of decline.

Agri~ulture-Output Steady; Farm Income Lower

FARM production in 19.59 was about equal to the high attained in 19.58 and well above any earlier year. Sub­stantial inerea.ses in marketings of hogs, poultry, and eggs were accompanied by lower prices for these products and reduced cash receipts. With the dis­eontinuancc of the acreage reserve program, government payments were reduced and there was some inerease in production expenses.

These changes reduced net income of farm proprietors from about $14 billion in 19.58 to below $12 billion in 19.59, or hack to the 19.57 rate. Some further (kdine occurred in the number of farms and farm workers, and income from Jll•nfarm sources was higher, so that income per capita of the farm popula­tion was only moderately below 19.58 and a little above other recent years.

An expansion in livestoek production in 19.58 continued in 19.59, but its character was altered during the year and it was manifested in varied ways

among the several types of product. Beef cattle numbers continued to rise but marketings remained below a year earlier until the final quarter. Prices of feeder cattle declined substantially during the year; finished cattle prices were firm during most of the year, declining mo(lerately in the final months as marketings of the rather large number on feed began to show some mcrease.

By contrast, pork production \\'as up sharply in 19.59 aecompanied b_,, price declines which were suffieient to lead to a change in the supply outlook. De­spite a record corn harvest, preliminary steps were taken by farmers to reduce pork production in 1960. ::VIarketings will continue to run ahead of 19.59 in the early part of the year, but are then expected to turn downward.

An increase in poultry meat produc­tion during early 1959 with a drop in priees was followed by eurtailment in broiler produetion and price n'rovPry

Table 2.-Farm Gross National Product

[Billions of uollar"J

Current dollars Constant HJ.\4 dollars

1. Total value of farm output_ ... _._ 34. I 33. 4 33. 7 34. I 38. 3 3i. 2 34. I 35. 5 35. 9 :l.l. 8 I 38 0 38. I

2. Less: Value of intt•rmeuiatc products con· snmcd,totaL .......... ----·-----·-·--- 13.7 13.7 14.3 14.7 16.2 16.6 13.7 14.0 14.9 IS.! 16.3 16.2

3. Eqnals:Farmgrossuationalproduct .. --·- 20.3 19.6 19.3 19.4 22.0 20.5 20.3 21.4 20.9 20.li 21.7 21.8

Sourrr: C.S. DepartmC>nt of C'Ollllllt'l'C{\ Officf• of Bnsint)SS F.conomies, basrd hll'J!Ply upon data from r.s. l)ppnrtnwnt of .:\ gri(·ulturc

23

before the y<'ar end. Egg production was higher than the year before during the first three quarters of 19.59, but deelined in the final quarter. Prices showed no appreeiable reeovery in the last quarter of the year partly becausP ;;upplies at the time were rising season­ally.

Dairy produetion in 1959 continued the slight decline which had begun the year before. This deeline together with an increase in demand made possible a reduction in Government price sup­port purchases as prices strengthened.

Another large crop

Crop production in 19.59 equaled the outsize harvest of the year before as inereases in aereage offset reduetions in yields from the 19.58 peaks.

Increases in cotton and eorn aereages were substantial as the acreage reserve was discontinued and restrietions were relaxed somewhat for cotton and re­moved for eorn. vVith yields per acre for each crop about the same as the records established in 19.58. output rose sharply. On the other hand wheat production was down by one-fourth because of lower ~'ields.

Supplies of each of these three erops have increased with a rise in carry­overs at the beginning of the season. Carryovers at the end of the crop year are expected to show a further large rise for corn, a small inerease for wheat, and a small decrease for cotton. 'Vheat calT.YOYPr had risen nearly 50 pereent the year before; the drop in production in 19.59 accounts for the smaller rise in carryover. N everthclcss, the total at an estimated 1.4 billion huslwls is about equal to two years' domestic. consumption.

Cotton price reduced

The rise from the year before of more than 3 million bales in eotton produc­tion to 14.7 million bales has been ae­eompanied by a step-up in exports and some increase in domestie eonsumption. The increase in exports refleets a sub­stantial reduction in price at which U.S. eotton is availa.ble in world mar­kets. The CCC basic resale price of cotton is about 3 cents per pound lower for the 19.59 crop than the support level for the preceding sc·ason, and the export

24

payment-in-kind subsidy was inereased from 6% cents to 8 cents per pound. Also, foreign production declined the past year and consumption is consider­ably higher.

The liberalization in cotton allot­men ts for 1959 and 1960 permits farm­ers to plant 40 percent more acreage (Plan B) but the cotton grown is eligible for CCC loan at 15 parity points less than the purchase price for cotton grown by farmers who stay within their original allotment acreage (Plan A). The differential between the price re­ceived under the two plans has been considerably less than the 15 parity points, however, reflecting the resale of cotton by the CCC at 10 pereent (plus carrying charges) abon' the loan price established for Plan B cotton. Little Plan B cotton has gone to the CCC; it has been sold at a price near the CCC resale price.

\Vhereas changes in carryover stocks of wheat and cotton are expected to be relatively small at the end of the 1959 season, the corn carryover will show a further large advance. The 1959 corn crop at 4.4 billion bushels is 560 million bushels above the year before and onr 1 billion higher than the 10-_yenr average. Although feed eonsump­t.ion has shown a substantial rise, ancl export sales are at a high rate, the gap b0tween production and consumption of several years' standing has widened. The estimated earryover for all feed grains at the end of this season is more than half of one year's consumption by livestock.

Extensit'e price support

The second bumper crop in a row required continued large price support operations by the CCC. At the end of D<'C('mher, price support extended on nll 1909 crops rPaehed $2.3 billion, somewhat lwlow the eomparnbll' figure a year l'arlier, but only a small part of the hug<' rorn crop had been marketed. N t't budget n'qnirements for th<' fiscal Jl'lH 1960 are estimatC'd to be lowPr

SURVEY OF CURRENT BUSINESS

than the year before, however, reflect­ing increased commodity sales by the CCC.

The value of fnrm real estate con­tinued upward. On 1'\ovember 1, the U.S. average price per acre was 5 per­cent above a ~~enr earlier and 71 percent above the 1947-49 average. Invest­ment in farm plant and t>quipment rose to an estimated $4.9 billion, equal to the previous peak in 1951.

Farm GNP little changed

Farm gross 1mtional product in con­st.ant dollars was little changed from

The Farm Situation in 1959

February 1960

1958 to 1959, following the substantial rise the year before. Farm employment continued its secular decline in 1959, so that output per worker was up some­what from 19.'58. During the past 20 years, farm output per workPr has risen at an average annual rate of more than 3 percent, appreciably higher than in the nonfarm sector. This has reflected a combination of increased capital in­vestment and declining employment. If both of these are considered, then the rise in farm output in relation to total input has been at an average annual rate of around 2 percent.

Income was lower following 1958 rise

~.

50 51 52

Marketings were up

150

125

100

53

NET F4.RM iNCOME Billions of Dollars

54 55 56

Prices averaged lower

150

1251

100

75 ~~--'-'--'-~~~ 1950 52 54 56 56 60

1947-49=100

U. S. Department of Commerce, Off1ce of Business Economics

11.8

57 58 59

Expenses increased

150 I

125rJ 100

1950 ''2 54 56 5tl 60

Data, Dept of Agr

60- 2~9

Febrnar,v 1000 SURVEY OF CURRENT BUSINESS

Financial Markets High Credit Demands; Security Market Currents

THE EXPANSION of business invest­ment and the buoyant consumer de­mand earlier reviewed were major de­velopments affecting capital markets in 1959. Superimposed on these condi­tions were the cash deficits in Govern­ment budgets, the financing of which was concentrated in short-term capital markets.

At the same time, the monetary au­thorities continued restraints on the supply of bank funds as a counter­inflationary influence, and the money supply rose much less than business activity. Personal saving held steady­even with the substantial gain in income of individuals-and business saving re­sponded to the considerable improve­ment in corporate income. The growth in total private saving did not match that in private in vestment, but the dif­ference was made good by improvement

over the previous year in the Govern­ment's fiscal position.

High demand for capital funds

The result of these developments was generally higher borrowing costs in 1959, with rates up most for short-term credit (see chart). Maintained interest in common stocks brought a further rise in prices of equity securities during 1959; price increases were more general in the first half year. Dividend pay­ments also rose as usual in a cyclical rise of business, though not to the ex­tent of stock prices, and equity yields reached new postwar lows. For the year as a whole, the dividend yield aver­aged below long-term corporate bond yields-a pattern not previously seen in prosperous years since the 1920's.

As the year closed, several features were evident in the investment picture.

25

Expansion of investment by business had progressed well above the recession low in 1958, and along with the general level of activity, investment demand was ou an upward trend. Inventories wr·re probably on the low side and unbalanced; investment in fixed capital by business firms was slowed by delayed delivery of metal materials in the late months. Housing demand was high throughout the year, but problems of mortgage financing were increasingly a factor in the second half of the year and residential purchasing was tending downward.

The volume of private indebtedness was well above any previous experience and borrowing costs were at a new peak; but relative to the expanded flow of income and owned capital resources­also at peaks-private debt did not appear out of line. With debt n'pay­ments generally on schedule, smTicing of obligations did not present major difficulties in 1959. The economy was stocked with the liquid funds ac­cumulated in 1958 and earlier, and this was a factor in the Federal ReserYe operations on the money supply.

Additions to business assets

Both business firms and indiYiduals increased sharply their demand for funds in 1959. Nonfinancial corpora­tions in 1 !1.59 used $30 billion on plant

Yields in Money and Capital Markets

Short-term borrowing costs were at postwar high in 1959

Percent

RATE ON TREASURY 3-MONTH BILLS

6

4

2

0 Monthly

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

539426-60-----4

Bond yields move in parallel fashion but with relatively less amplitude

YIELDS ON MOODY'S Aaa BOND LIST

Monthly

Stock yields remain around postwar lew

Percent

4

2

0 Monthly

Cofo: Moody's and U.S. Treasury Deporfrntr,f

60-2-10

26

ancl equipnwnt exp('llditm·es and nc­eumnlation of inventoriC's, compared with a total of $22 billion in 1958 (see chart).

The principal feature of this increase was a shift from the M% billion inven­tory liquidation in tlw parlier year to an addition to inventories of $3 billion last ~·ear as the business cycle progressed. A turn-around in fix0d investment by corporate business had set in late in 1958. The advanee was moderate in 1959 and, in the lattN part of the year, impeded by tm balanced materials and

Corporate Capital Requirements Increased in 1959 by

!! ,g 0

Q

c: 0

:0:

"' ..

Large Amounts

40 -

30 -

20 -

10 -

0

10 -0

-10 -

20 -

ADDITIONS TO

PHYSICAL ASSETS

LIQUID ASSETS

RECEIVABLES AND OTHER ASSETS

1

: -~t-~11~~1-,952 53 54 55 56 57 58 59

Dolo. B~sed on SEC and other ftnanciol data

U.S. Department or <::ommerce, ·:Hf1ce of BLsines$ Economics 60-2-12

some limi1at.ions in delivPriPs of equip­ment. 'fhus, tlwrP was not much expansion in eorporatp outlays for fixed capital for the year as a ·whole.

Corporate businesses also incrPased their use of funds in financing their customers, and in adding to their liquid resour<"es. ThE' increase in cor­poratE' net trade rPC"('ivables (receiva­bles lPss tradr payablPs) in 1959 was in the neighborhood of $6 billion, thr highest since 1 9l55 and considerably in l'xcess of the $4 billion figurrs for 1957 and 1958. Of thP $6 billion, $2% bil­lion r0presented a resumption of net crPdit extension to consmnrrs; sueh

SUHVEY OF GlilUU:NT BUSINESS

credit had hrl'l1 moderately rPcluced in 1958. The E'Xpansion of corporate credit to noncorporate businrss per­sistPd through 1958 and 10.59.

CorporntP nd accumulation of liquid asset s---lnrgely in t hr form of purchases of short-term Gon'nlmrnt sc'curitiPs­amountrd to over $5 billion last year. Onlinnrily, t hc'sr assds tend to increase as corporations temporarily invest funds cannarkrd for tlw higher tax liabilities associated with improvpd profi1 ability. Allowing for the in­creasl' in these' liabilitil'S, the added ownrrship of liquid assrts in 1959 was mueh rPduc·c'd from tlH' rate of ac­cumulation a year ago, and was about in line with the expandNl volume of business.

Individuals expand assets

Individuals in their eapaeit~' as con­sumers and as owners of unincorporated business entt•rprises also added to their asset ownership in 1959, and at a volume exel'l'ding- any previous expe­rieneP. As dPht was also highPr, the addition to cquit.Y-personal saving or asset growth less increase in debt-was no mon• than in the• preerding tln·rp years. ·with inconws higher, tlw pro­portion of inl'ome saved was rrducrd .

Individuals and Honeorporate busi­ness increased their invE'stment in physieal assrts last ~-ear. Of special importiuH·e in this resprct wns tltr increase of almost $4 billion, or one­fifth in purchasps of houses. Ot.lwr expenditures on eapitnl aeeoUilt. were also somewhat highc•r, and, combined with housing outlays, total ex1wnclit mes eame to $:)8 billion, $G billion mon• tlwn in 1958.

In addition, indiYiclunls nl~l·nmulntl'd financial assets in 1959 at n n'eord rate for the postwar period. Tl1e $:)2 bil­lion addition to liquid ass!'ts, mar­ketable seeuriti('S, and insurnnee dur­ing 19.59 compared with a $25 billion a ;·ernge in thP 195 7-.58 prrio1l. A dif­fert>ner of signifil'alll'l' in t hl• light of finanl'ial dPvdopmPnts in 1959 was the shift in personal prderenees towards mnrkrtnhle st>eurities--prineipnlly Gov­l'rlllllPn t issurs.

ImliYidunls increased their holdings of t lwse securities b~· $12% billion­morP than double the annual rate of aecmnulntion in rC'eent years. In eon-

trast, ownership of fixed valul' assets­money assets and savings accounts­expanded at a mueh lowl'r rn.tP than in 1 9.58. r\o doubt, rcln.tivP improw­ment in invrstment returns was an important faetor in the grPatPr rmpha­sis which inclivid uals plneed upon t lwir securities purehasC's in 1 95\).

Private saving higher

As usual, thE' primary soureP of financing asset expansion in 1959 was provided by ownership resources. \Yith profits up substantially more than divi­dend pnyn1E'nts, retained earnings of nonfinancial c-orporations increased $4 billion from the depressed volumr of $f\

billion in 1958. CombinE'Cl with tlH• stpadily expanded flow from deprPei­ation allowances, total internal funds provided over $:)0 billion of eorpora.tr financing in 1959-$5 billion morr than in 1958 and nearly $:3 billion a how the preYious high of tlw 19.56-.57 JWriod (sec chart).

I\ et saving of individuals was nlso in ncar-record volume. In all li hlil1oml saving in 19.59 was dampPn('(l as in­comes flowing to some important sPg-

Corporate Financing Featured record use of internal funds and renewed expansion of short-term debt

40 -

30 -

20 -

10 -

0

:e J! 0 20 -Q

~ s 10 -iii

0

20 -

10 -

0

INTERNAL SOURCES

OUTSIDE FINANCING

Long-Term

11•11111-Short-Term

•• • II I 1-

1952 53 54 55 56 57 58 59

Dolo· Based on SEC and Other fmoncio! dolo

U.S. Department of Commerce, Office of Business EconomiCS 60-2-11

Fl'ln·nary 1000

JllP!lts of the economy--namel~-, farm proprietors, and persons involved in tlH' steel tieup-were reduced. Also, st <·pped-up rates of credit purchasing of goods included in consmn<'l' spcnding iiows, by increasing personal dc,bt, served to offset somP of thP positive savings of others.

Corporate borrowing

The short-term component of corpo­ra tc indebtedness swelled rapidly (sec dtart) reflecting primarily increased working capital requirements. Non­financial corporations in general made Pxtensive use of bank funds last year, adding about $2~ billion to their out­standing debt. This was in contrast to the 1958 experience when reduced capital demands with the lowering of business made possible a repayment of comparable magnitude.

Other short-term sources of credit usPd by corporate business also rose sharply lust year, again in contrast to t hl' cyclically downward tendency in the JH'('CNling year. These sources of funds at'(' generally temporary in nature, involving book credit, as in the case of track payables, or the lag between aceumulations of, and paynwnts to the Government, of corporate tax liabilities.

·with funds generated from internal sources a.t a record, outside long-term financing by corporate business was off in !959. Bond and note issues ch·opped on a. net busis from $6 billion in 1958 to $4 billion last year. There were, how­ever, some partial offsets in other long­t<'l'm borrowing and in the flotation of new stock issues. With high market prices for common stocks, the volume of the latter, at close to $4 billion, was at a postwar high, as corporations took

SURVEY OF CURHENT BUSIXESS

ad vantage of tlw lowered costs of equity financing.

Personal borrowing flt top

Borrowing by individuals \nts stepped up greatly in 1959. Net debt expa.nsion last year in the form of residential mort­gages and installment credit used mostly to buy consumer durables (see chart) was in the neighborhood of $18 billion, compared with an average an­nual increase of roughly $10 billion in the preceding decade.

Net expansion of residential mortgage loans last year came to over $12 billion, moderately above 1955, the previous

Retail Sales and Consumer Credit Increased credit buying in 1959 mirrors rebound in purchases of durable goods

100

80

60 ::! § ~ ! ... 40 c .2 ;: "'

SALES OF DURABLE GOODS STORES

INSTALLMENT CREDIT

Extensions

""-- Repayments

1952 53 54 55 56 57 58 59 60 Quarterly Totals, Seasonally Adjusted,

of Annual Rates

Data: FRB a 08 E

U. S. Oejt~rtment of Commerce, Office of BuSIMSS EcJnomics 60-2-13

27

year of record increase. Even mon' dynamic was the use of installment credit last year. Whereas, in 1958, repayments on such loans approxi­mately balanced new borrowing, last yPar new borrowing cxeeedPd rPpay­ments by $5}~ billion. This incrcas(' was exceeded only in 1955 when rapid liberalization of credit terms and exceptionally high purchasing of auto­mobiles led to record use of installment borrowing.

Individuals also borrowed at a steady rate to provide for capital a.ssets used in business. A feature of recent borrmY­ing for these purposes has been the continued provision of credit by sup­pliers of these small firms. Bank borrowing was also stepped up sharply in 1959, and this provided an important supplement to other financing last ypar.

Public financing

With both Fedpral and State and local governments' net cash rpquirc­ments rising close to the high volume of 1958, the total needs for funds for such purposes acldPd significantly to the high demands for capital funds.

ThP 4}~ pPrcent interest ceiling on Federal securities with maturities ex­ceeding five years did not permit issuance of longer-term obligations, under the prevailing interest rate condi­tions after early 1959. With bank finan­cial rcsourecs eoutairwd by Federal Reserve policies of monetary restraint, short-term rates rose sharply, the :3-month Treasury bill rate going from 2.8 percent to the new high of 4.6 percent. Under substantial-though less-pres­sure, yields on highest grade corporal<' bonds rose more slowly from 4.1 pN­cent to 4.6 percent.

Stali3licaf Sumn'tai''J /or 1959

.iti}\.JOR BUSINESS INDIC .. L\TORS, 1954-59

I

--"''"-I-'""'"-Item 1954 1955 19.56 1957 1958 HI3H I Item 1~04 19S5 19.56 1957

--------------- ---- -------

National Income and Product Production

National income (bil. of dol.) 0'---------- 301.8 330.2 :150.8 3G6. 5 366.2 398.5 Fann marke,tings, physical volume, total Gross national product, total (bil. of dol.)_ 363.1 397.5 419.2 442.5 441. 7 479.5 (1947-49= 100) ------.----------------- ll2 !l6 121 ll6 125 1:27

Personal consumption expenditures ____ 238.0 256.9 269.9 284.8 203.0 311.6 Crops ________ 105 109 111 102 122 123 GroRs private domestic inve.,tment_ ____ 48.9 63.8 67.4 66.6 54.9 71.1 Liwstock and l;r-oducts:::::::::::::::: 117 121 128 126 127 130 Net exports of goods and services _______ 1.0 I.! 2. 9 4. 9 1.2 -.8 Indnst.rial prod., total (1957=100) _________ 85 96 99 100 93 Govt. pnrchases of goods and services._ 75.3 75. 6 79.0 86.2 92.6 97.6 105

Gross nat!. prod., total (bil.of 1954doJ.) ___ 363.1 392.7 400.9 408.3 399.0 425.8 Manufactures __________________________ 86 97 100 100 92 105

Durable manufactures ________________ 85 98 100 100 87 102 Personal Income 1-:onrlurable manufactures. __________ 87 95 99 100 100 110

Total (bil. of dol.) ________ ----------------Mining _________________________________ 86 95 100 100 91 95

289.8 310.2 332.9 350.6 359.0 380.2 t:tilities ________________________________ 76 85 94 100 105 115 Wage and salary disbursements, totaL 196.3 210.9 227.6 238.5 239.4 257.8 Commodity-producing industries _____ 84.1 91.4 98.7 102.2 9'1. 8 107.3 Selected commodities, production: Distributive industries _______________

.o2. 3 55.8 60.3 63.4 63.8 67.6 Coal, bituminous (mil. of short tons) __ 392 4fl..l) 501 493 410 410 Service industries.---------------- ___ 25.5 27.8 30.5 32.7 3-1.6 37. 2 Crude petroleum (mil. of bbl.) _________ 2, 315 2, 484 2, 617 2, 611 2,4.49 2. -572 Goyernment _________________ - _ -- ____

34.4 36.0 38.0 40.2 43.2 45. 7 Electric power, industrial and utility Other labor income _____________________

6. 2 7. I 8.1 9.1 9. 3 !0. 0 (bil. of kw-hr.)________ _ ___________ 545 629 685 716 725 79.o

Proprietors' income ______ -------------_ Lumber (mil of hoard feet) ____________ 36.356 37, 858 38,629 34,214 33, 579 36.530 40.4 42. I 43.7 44.5 46.6 46.3 Steel ingots and steel for castings Rental income of persons _______________ 10.9 10.7 10.9 11. 5 II. 8 12.0 (mil. of short tom;) __________________ 88 ll7 115 1!3 85 93 Dividends ______________________________

9. 8 11. 2 12.1 12. ·' 12.4 ]:l.2 Motor vehicles, factory sales, tot a! Personal interest income ________________ 14.6 15.8 17.5 19.5 20.4 22.4 (tbous.) ___________________________ f), 601 9,169 6, 921 7, 221 5, 135 6, 729 Transfer payments _____________ -----_-- 16.2 17.5 18.8 21.7 26.1 26.8 Passenger cars ________________________ 5, 559 7, 920 5, 816 6. 113 4. 258 5, 59! Less personal contributions social insur _ 4. 6 5. 2 5. 8 6. 7 7. 0 8 .. 3 Trncks and coaches _________________ I, 042 I, 249 I, 104 I, 107 877 1. 137

Total nonagriculturallncome(bll. of dol.)_ 273.8 295.0 317.9 335.2 341.1 364.4 Construction

New Plant and Equipment Expenditures New construction, total (mil. of dol.) ____ 39,362 44, Hi4 45, 779 47, 79.5 48,903 .54, 256 All industries, total (mil. of dol.) _________

Private, total ___________________________ 27. li84 :;~. 440 33,067 33,778 33.491 38,281 26,827 28, 701 35, 081 36, 962 30, 526 32. 641 Residential (nonfarm) ________________ !5, 379 18, 705 17,677 17,019 18,047 22,322 Manufacturing _________________________ ll, 038 11, 439 14, ~54 15,959 11,433 12.0.06 N onresid., except farm and pub. uti! __ 6, 2.\0 7, fill 8, 817 9, 55o 8, 67;1 8. 726 Durable goods industries _____________ 5,091 5. 436 7, 623 8, 022 5, 469 !i, 769 Puhlic, tctaL _______________________ 11,678 11, 724 12, 712 14,017 15, 412 15,975 Nondurable goods industries _________ 5, 948 6, 003 7, 331 7, 937 5, 91i4 6, 2:-.;7 Nonresidential building ___________ 4. 609 4,!96 4, 076 4, 507 4, 65~ 4, 435 Mmmg _________________________________

975 957 I, 241 I, 243 1141 988 Highway _______________________ 3. 680 3. 861 4, 395 4, 892 5, 500 5. 800 Railroads ___________________ - ___ --- ___ --854 923 I, 231 I, 396 7M 934 Transportation, other than raiJ _________ I, 512 I, 602 1, 712 I, 771 I, 500 2. 044 Employment Status of the Nonin-

Public utilities __________________ ------- 4, 219 4, 309 4, 895 6,195 6,088 5. 7-!5 stitutional Population Commercial and other __________________

8, 230 9, 471 11, 048 10,398 9, 810 10,874 Total 14 years ol<l and monthly over, Manufacturing and Trade Sales, aYerage (mil. of ]lersons) 9 __________ 116. 2 117. 4 118.7 120. 4 122.0 123. 4

Inventories, and Orders Lahor forre, incl. armerl forces, total)?_ 67.8 68.9 70.4 70.7 71.3 71.9 Ci\'ilinnlabor force\? ______________ 64.5 (\5. 8 67.5 67.9 o8. 6 tl9. 4

Sales, total (bil. of dol.) __________________ 568.3 fl27. 3 ()57. 6 675. 8 G48. 3 719.9 Employed, total \1 __________________ 61. ~ 63.2 65.0 6.5.0 fA. 0 65. 6

Manufacturing, totaL _________________ 282.4 316.1 332.5 340.6 314.8 3.57. 0 Agrieult.ural employment 9 _______ n. 5 ti. 7 6.6 6. 2 5. 8 5. 8 Durable goods industries _____________ 134.8 !56. 9 165.7 169.9 148.6 171.2 N onngricultural employment 9 __ 54. 7 ,)6. 5 58.4 58.8 58. 1 59.7 Nondurable goods industries _________ 147.5 159.1 166.9 170.7 Hi6.2 182.8 Unemployed\? ----------------- 3. 2 2. 7 2. 6 2. 9 4. 7 3. 8

Wholesale trade, totaL __ ------------: ~ ot in labor force\! ------------ 48.4 48.5 48.3 49.7 50. 7 51,4

1Hl. 8 127.4 135.3 !3.1. 2 133.1 147.5 Durable goods establishments ________ 40.0 48.2 52.8 50.4 47.3 55.4 Employment and Payrolls Nondurable goods establishments ____ 7G. 8 79.2 82.5 84.8 85.8 92. I Etn})lnye<'s in nonagriPnlturnl establi~h-Hetail trade, totaL _____________________

169. I 183. 9 189. 7 200.0 200.4 21:1. 4 ments, mo. avg., total (tlwus.) ________ 48,431 50, 0.\6 51,766 52, 162 50.5-13 51. !).~2 Durable goods stores _________________ 58.2 67.0 65.8 08.5 03.4 71.7 l\I anufacturing _______ ---------------- _ 15.99.1 16.563 16,903 16, 782 !5, 468 16.156 ~ondurable goods stores ______________ 111.0 116.9 123.9 131.5 136.9 143.8 :Mining _________________ "'iTi 777 807 8()9 721 (\75 ---------------Inventories, hook Yalue, end of year, un- Contract construction __________________ 2, 593 2, 759 2. 929 2, 808 2,1)-1:8 2, 764

a<ljuste<l, total (bil. of dol.) __________ 74.3 80.3 87.8 89.6 84.3 88.6 Tran~portation and public utilities _____ 4. 009 4,0(\2 4, !61 4.lii1 3. 903 3. 903 J'danufacturin~, totaL _________________ 43.3 46.6 52.5 53.7 49.5 52.8

Wholesale and retail trade _______ . ____ 10,520 10, 8-lfi 11,221 11,302 I I. 141 11.379 Durable goods industries _____________ 24. I 2fi. 6 30.6 31.1 27.9 30.2 Finanee, insurance, and real estate _____ 2,122 2. 219 2, 308 2, 348 2. 374 2.-125 :\ondurable goods industries _________ 19.2 20.0 21.9 22.6 21.6 22. t)

Service and miscE:llaneous ______________ 5, 604 5, 916 6,160 6, 336 6. :~95 G .• o24 Wholesale trade, totaL ________________

GoYernmenL _________________________ fl, 751 6, 914 7, 277 7, 626 i, 893 8.126 10.3 II. 3 12.9 12.5 11.0 12.5 Production and related workers, all mfg.: Durable goods establishments ________ 4. 9 5. 6 6.3 6.4 6.0 G. 3 Employment index (1947-49= 100) _____ 101.8 105.6 106.7 104.4 94.3 98.8 Nondurable goods establishments ____ 5.4 5. 7 6.6 6.1 .5. 7 6. 2 Payroll index (1947-49=100) ____________ 1;)7, 7 L:•2. g Hi1.4 162.7 148. 7 167.0 Retail trade, totaL ____________________ 20.7 22.4 22.4 23.4 23.2 23.3 Durable goods stores _________________ 9. 2 10.4 9. 9 10.9 10.6 10.7 Finance

Nondurable goods stores ______________ 11.4 12.0 12.5 12.6 12.6 12.6 Consumer credit (short- and intermedi-Manufacturers' orders (bil. of dol.): nte-term), outstanding, end of year:

New (net), totaL ______________________ 2f>9. 8 326.0 339.9 327.1 310.8 361.6

Total (mil. of dol.) _____________________ 32.464 38,882 42, 511 45, 286 45, 586 52, 0-16 Durable goods industries _____________ 121. g 166.2 173.3 157.0 144.5 178.3

Installment (mil. of dol.) ___________ 23,568 28,958 :n, 897 34,183 3!, 080 39,482 Nondurable goods industries _________ 147.9 !59. 8 166. (j 170.1 !Gil. 4 !R3. 4 Federal finance (bil. of dol.):

Unfilled, end of year, unadjusted _______ 46.9 56.9 64.2 50.7 46.8 51. 4 Gross debt (direct), Dec. 3L _________ 278.8 280.8 276.6 274.9 2g2. 9 290. f.

Durable goods industries _____________ 44.1 53.4 61.0 48. I 44.0 4K 1 Bndget receipts and expenditures: Nondurable goods industries _________ 2.8 3 .. 5 3.2 2.6 2. 8 3. 3

Receipts, net_ ________________________ Gl. 2 63.4 71.0 72.3 68.7 73.3 Income taxes _______________________ 51.2 51.7 60.1 61.9 59.0 ti:l.l Prices Expenditures, totaL _______________ (\4. 9 flo. 1 67.2 71.7 75.8 80. :J

~1ajor national security _________ 42.8 40.\J 41.2 44.4 45. 7 4fl. :l Prices received by farmers (1910-14=100)_ 246 232 230 2;)5 2-50 240 :\!one.y supply, Dec. 31 (bil. of dol.): Prices paid by farmers (incl. interest, Currency in rirculation _________________ 30.5 31.2 31.8 31.8 32.2 32.6 taxes, and wage rates) (1910-14=100) ___ 277 276 278 286 293 29R Deposits (adjusted) and currency,totaL 20\J. 7 2]()." 222.0 227.7 242.6 246.3 Parity ratio (19IQ--14=100) ________________ 89 84 83 82 85 80 Dentand deposits, adjusted ___________ 106.6 109.9 111.4 110.3 11-5 .. 5 116. 1 Consumer prices (1947-49= 100) ___________ 114.8 114.5 116. 2 120.2 123.5 124. ti Time deposits ________________________ 76.3 78. 4 82.2 89.1 98. :J 101. 4 Wholesale prices (1947-411=100): Currency outside banks _____________ 27.9 28.3 28.3 28.3 2R. 7 28.8 All commodities, combined index _______ 110.3 110. 7 114.3 117.6 119. 2 119. 4 Foreign Trade Farm products _______________________ 95.6 89.6 88.4 90.9 94.9 89.0 Foods, processed _____________________ 105.3 101.7 101.7 105.6 110.9 107.0 . Export~, in<'!. reexports (mil. of dol.) ____ 15, 110 l.o, 5:,0 19,090 20, 80() 17. sg:J 1 17, 5t)6 All other ____________________________ 114. 5 117.0 122.2 125.6 126.0 128. 2 i Geneml imports (mil. of dol.) ___ ------·--- 10,215 ! 11, 384 12,615 12.982 I 12. s:H , 15. 2!2

I Data for most items are preluninary. procedures, and classifi~'ltion.

d' For distributive shares, see p. 12. \! Data for 1954-1956not strictly comparable with subsequent data due to chanp;es in sample, estimating

28

BUSINESS STATISTICS *-------------------------------------------------------------

THE STATISTICS here are a continuation of the data published in the 1959 edition of BusiNESS STATISTics, biennial Statistical Supplement to the SuRVEY OF CuRRENT BusiNEss. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1!l58 and monthly averages for all years back to 1!l2!l insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1955. Series added or significantly revised since publication of the 195!) BusiNESS STATISTICS are indicated by an asterisk(*) and a daggPr (t), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SuRVEY b•·ginning with the July 1!l59 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal variation.

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

1959 Unless otherwise stated, statistics through 1958 and ~-~~ descriptive notes at"e shown in the 1959 edition of I Decem~ Janu- I Febru-1 I . BUSINESS STATISTICS ber ary ary March Apnl I May I June I July I

1960

I August I septem-j 0 t b I Novem-j Dec~~: Janu· ber c 0 er bcr ber ary

NATIONAL INCOME AND PRODUCT

Se<tSOJhtlly adjusted quarterly totals at annual rates: '! ational income, totaL·----------------- bil. of doL.

Compensation of employees, totaL ________ .. do .. __ \Yages and salaries, totaL _________________ do ....

Private ________ ---- ______________________ do ___ _ Mi Jitary ___________________ . _____________ do .. __ novern1nent civilian ____________________ do ___ _

Supplrments to wag<'s and ~alarirs _________ do ___ _

Proprietors' income, totald' _________________ Qo ___ _ Business and profcssionnlc!' .. ---- _________ do. __ _ Farm______________________ _ ___________ .do .. __

!?ental income of persons ____________________ do __ __ Corporate profits and inventory valuation adjust-

ment, totaL ________________________ biL of doL Corporate profits before tax, totaL ________ do .....

Corporate profits tax liability ____________ do ___ _ Corporate profits after tax ______________ do __

Inventory valuation adjustment __________ .do ... _

l\' Pt interest _________________________________ do. __ _

Oro" national product, totaL _________________ do .. _

l'(·r~onal consumption expenditures, total ___ do_ Durable goods ______________ .. ______________ do l\' ondurable goods .. _____________________ .. do ~:.;ron ices_---------- __________ - _____________ do_

(lross private domestic investment, totaL __ do ___ _ 1\c,,. ron8trnrtion _______________________ .do ___ _ Producers' clurablc cquipmPnt____ _do __ C'hangc in business invL•ntorirs____ _.do ___ _

~Pt exports of goods and :::'ervices___ _ ____ do ___ _ F>.:ports ________________ .. ________ .. _ _ __ .. _do ___ _ Imports_______________________ _ _____ do ....

OoYcrnment purchases of p:oods and SC'rviel''>, total biL of doL

Fe<.!{·r~l (lC'ss Government salC's) ___________ do ____

1

Natwrml defense <.f.> ____________________ do __ Stah' and locaL _______________ .. ________ .. do. __ .,

P{'rsonal incon1c, totaL ________________ :--- ____ do ___ _ l.f·~s: Pcrson~1l tax and nonta'\ ]Jayments _______ cto ___ _ Equals: Disposable personal inc<nile ____________ cto __ _

P~rsonal mvings----------- _______________ ..... do ....

GNP in constant 09-H) dollars

Gross national product, totaL ____________ bil. of ;wL .,

Prrsona.l consumption cxpenditurrs, totaL __ do ___ _ Durable goods _____________________________ do ___ _ Nondurable goods _________________________ do .. __ S('rYiccs ____ -------------~---------- _____ do ___ _

Gross private domestic investment, totaL ___ cto ___ _ Kew construetion_____ _ _____ do ___ _ Pro(!Uc{'rs' durable eqttipml'nL ____________ do ___ _ Change in business inYNltori<'s___ _ __ do ___ _

Net exports of goods and services ____________ do ___ _

Go•:ernmcnt purchases of goods and Ecrvicc~, total biL of doL

FcderaL __________________________________ do ___ _ State and locaL ___________________________ do .. __

380.4

262.9 24.). 1 200.8

9. 9 34.4 17.8

47.4 33.2 14. 1 11.9

43.5 44.6 21.9 22.7

-1.1

14.7

457.1

299. 1 39.8

143.6 115.7

61.3 37. 3 23.2

.8

. 2 22.7 22.5

96 . .) 54.2 45.3 42.2

36fi. 3 43.4

322.9

23.7

410.8

278.4 37.5

135.6 Hlc•.3

!;3.0 32. () 19.3 1.1

-1.4

80.8 45.2 30.5

GENERAL BUSINESS INDICATORS

--------- ---------1 :::::::::::::::::1

389.4

209.9 250.9 206.2

9.8 34.8 19.0

46.9 33.7 13.2 12.0

45. 5 46.5 22.6 23.8 -.9

15.1

'470.4

303.9 41.3

145.3 117.4

'70. 0 39.7 23.9 r 6. 3

-.9 21.5 22.4

07.4 5:3.8 4f>. R 43. (\

371.8 44.4

327.4

23.5

'420. 7 --------- ---------

2R2. 3 --------- ---------3><. 8 1--------- ---------

137.3 '~--------- --------­lOU. 2 --------- ---------~

r 59. R _ -------- ---------34.3~---------•---------' 1~.8 ---------1--------1 '".71--------- --------

-2. '1--------- ---------

~UI::::::::::::::::::

403.9

278.9 259.4 214.0

9.8 35.6 19.6

46.6 34.5 12.1 12.0

51.0 52. G 25.6 27.0

-1.6

15.4

'484. 8

311.2 44.1

147.7 119.4

r 77.7 41.0 26.0

T 10,7

-1.8 22.1 23.9

97.7 .'i3. 9 4fi. 2 43.8

381.1 45.8

335.3

24.1

'432.1

28R. 3 --------- ---------41.2 --------- ---------

:;llil -3 .. 1 --------- ---------

81.4 45.0 36.4

'Hevised. c!'Includes inventory valuation adjustment. <;>Government sales arc not deducted.

398.2

279. 3 259.5 213.5

9.8 31\.3 19.8

45. 1 :H. 8 JO.:l 12.0

46.0 46.4 22.6 23.8 -.3

15.8

478.6

313.3 43.6

HR. 0 121.6

67.0 410 27.0

-LO

.0 24.1 24.1

98.4 53.6 45. g 44.8

381.0 45. g

335. 1

21.9

42·!.3

288. s 40. G

1:!9.4 108.8

56.4 3-\. g 22. l --.6

-1.9

81.0 --------- ---------

it,~ 1:::::::: :::::::::1 §Personal saving is exce~s of <!ispo~ablc income over personal consumption expenditures shown as a component of gross national product above.

281.6 261. .5 214.8

9. 8 3(i. 9 20.0

T 4f}. 7 35. 1

'11.6 12.0

16. I

483.5

317.0 42.8

150.1 124.1

69.7 39.2 27.5 3 0

-.G 23.4 2!. I

97.4 [)2. 7 45.3 44. 7

38G. 8 4U. l

340.8

23.7

426.0

290.3 au. u

1-10.2 111). 2

cs. s :l3. 3 22 7

2. 8

-2 2

79 1 42. 7 36.3

S-1

S-2 SUHVEY OF CFRRE:NT BUSINESS

Unless otherwise stated, statistics through 1958 and I 1958 __ 1

descriptive notes are shown in the 1959 edition of Decem J anu I F bru I I I I BUSINESS STATISTICS her - ary- ~ry - :\larch April :\lay June

;

1959

I July I

Feb run ry 1fHiO

1960

I ol.uamt I Septem-1 0 t he I Novem-1 Decem-I • " - her c 0 r ber ber '

GENERAL BUSINESS INDICATORS-Continued

PERSONAl, INCOME, BY SOURCE

Seasonally adju,ted, at annual rateR: Total personal income ____________________ bil. of doL.

Wage and salary disbursements, totaL ______ do. __ _ Commodity-producing industries, totaL .. do ___ _

Manufacturing only ____________________ .do ... __ Distributive industries ___________________ .do ___ _ Service industries. __ --------------------- _do. __ _ Government. ... __ ... _----------- ___ .. _ .... do. __ _

Other labor income __________________________ do ___ _ Proprietors' income:

Business and professiona]_ _________________ do ___ _ Farm ______________ ------------------ ______ .do. __ _

Rental income of persons __________________ .. do __ _ Dividends ___________________ .----- ___ ..... __ do ___ . Personal interest income _____________________ do_ Transfer payments _________ ------. _______ ... do_ Less personal contributions for social in sur __ .do_

Total nonagricultural income ___________ .

NEW PLANT AND EQUIPMENT EXPENDITURES

Unadjusted quarterly totals:

.. do_

All industries _________________________ .. mil. of dol.

Manufacturing ____________ --------- ________ do_._. Durable goods Industries _________________ .do. _. .\ondurable goods industries _____________ do __ .

!\fining __________ ----------- _____ • __________ .do. __ Railroads ___________________ ---------- _______ do __ . Transportation, other than rail ______________ do __ _ Public utilities. _____________________________ do ___ . Commercial and other _______________________ do ___ .

Seasonally adjusted quarterly totals at annual rates: All industries._.------------------_. __ .. _ bil. of doL.

1\fanufacturing _____________________________ .do .. - .. Durable goods industries _________________ _cto ___ _ .'fondurahle goods industries ______________ do ___ _

1\Iining ______________________________________ do ..•. Railroads ______________ ._._. __________ .. __ ._ .do._--Transportation, other than rai]_ _____________ do ___ _ Public utilities.----------------------- ___ ... do ___ _ Commercial and other.--------------------- .do ___ _

FARM INCOME AND MARKETINGS

Cash receipts from farming, Including Government , payments, totaL ______________________ mil. of do_l __ l

Farm marketings and CCC loans, totaL ______ do Crops _______________ ------ ________________ .. do _-Livestock and products, total\' ____________ _do ___ _

Dairy products ____________________________ do._--l\Ieat animals._------------------------ ___ do ___ _ Poultry and eggs _________________________ .do ___ _

Indexes of ca:-;h reeeipts from marketin{!:" nnd CCC loans, unadju~ted:

All commodities.--------------------_ .194i-49=10Q __ Crops ____________________ ---------- ________ .do ___ _ Livestock and products _____________________ ,Jo ___ _

Indexes of volume of farm marketings, unadjusted: All commodities. _____________________ .194i-49=100 ..

Crops ___________________ ----------- _________ do._--Livestock and products .. ---------------- __ .do ..

INDUSTRIAL PRODUCTION t

Revised Federal Reserz•e Index of Physical Yn/11 me

Unadjusted, total index (including utilities)t

3fm.9

247.0 102.2 80.6 64. i 35.6 44.4

9. 4

33.4 14.2

11.9 10.8 21.0 26.3

7.1

34H. S

~.013

2, 932 1, 3if\ 1, 5.06

254 1M 413

1, ili 2.M1

10.58 4. 86 5. i2

. 97

. 58 1.62 t>.26 H.90

3, 312

3,2.)9 1, iOO I. 559

375 893 2il

134 158 ll4

146 173 126

1957= 100-- 98 By industry:

:1\Ianufacturing, totaL--~------- ____________ do____ H7 Durable manufactures. ___________________ do____ 96 Nondurable manufactures _________________ do____ 100

lVlining _____________________________________ .do .. __ 9i Ftilities ____________________________________ .do. ___ --------- -

By market grouping: I Final products, totaL-------------- _____ .... do ___ _

Consumer goods __________________________ .do. __ _ Automotive and home roods. ___________ do ___ _ Apparel and staples.---------- __________ do ... _

Equipment, including d0fens0 ____________ do ___ _

Materials __ ---------------- ________________ .do ___ _ Durable goods materials ___________________ do .... / Nondurable materials _____ --------------- _do ___ _

99 10'1 lOi 101 92

97 95

100

369.0

248.7 102.8 80.9 65.6 35.6 44.6 9.6

33.5 13.5

12.0 12.7 21.1 26.1

8. I

351.6

2, 959

2, 912 1, 397 1, 51.5

366 885 238

120 1

130 I Ill

130 144 120

100 I 100 97

104 ~)(i

101 105 106 105 94

99 96

103

371.0

250.1 103.5 81.7 66.0 36.0 44.7 9. 7

33.7 13.2

12.0 12.8 21.3 26.4

H.1

353.8

2. 255

2. 221 847

I. 371 348 7i8 222

91 i9

IQ1

103 90

113

103

103 100 107 H6

10-1 108 111 107

1:~ I 101 105

375.4

254.0 106.3 83.8 66.6 36.4 44.8 9. 8

34.0 12.9

12.0 12.8 21.6 2fl. 6

H. 2

3.58. 5

fi. 905

2, 456 1,144 I. 312

213 !59 408

1,199 2, 470

30.62

11.20 .5. 26 li. 94

. 95

. 63 l.il .o. 80

10.33

2.1331

2.10i .o9n

I. fill 388 RM 248

8i .If\

J11

06 58

123

10.1

!Oii 104 108 Pli

1041

1

108 114

~g~ I 1061 106 106

3i9.0

257.3 108.6 85.4 66.9 36.8 45.0 9.9

34.3 12.2

12.0 12.9 21.8 26.9 8.3

362. i

2.200

2.179 ()1()

1. ,)()3 390 921 221

H!J J)7

115

96 tl3

129

lOi

]Oii 109 113 108 !IQ

10!1 II 109 109 I

381.3

259.8 109.8 sn. i Oi. 5 37.1 45.4 9.9

34.5 12.0

12.0 13.0 22.0 26.4

8. 3

365.3

2. 205

2,180 637

1,.143 427 859 220

~0 fl9

113

99 .~7

131

109

10!1 109 110 100

107 lOV 113 108 101

110 ll2 108

383.8

261.7 110.9 87.7 68.0 37.2 45. 6 10.0

34.7 12.1

12.0 13.1 22.2 :?fl. 4

8. 4

:ll\7. 8

8. 323

3, 021 1, 450 I, 5il

243 262 .527

1, 474 2, 796

32. 51

11.80 5. i4 6.06

.94 1. 00 2.08 .o. 82

10. Si

2, 336

2. 308 819

1. 489 398 s.o3 207

~5 i6

109

108 80

129

110

Ill Ill Ill 100

10~ Ill 115 110 103

111 ll4 108

383.4

261.5 109.9 86.9 68.4 37.3 45.9 10.1

34.9 11.4

12.0 13.2 22.4 26.3

8. 4

368.2

2, 676

2 582 1: 1Hi I. 466

385 829 230

106 104 108

121 114 128

102 99

106 ilO

105 !Oi !Oi 107 101

99 9i

101

380.0

258.8 106.8 84.0 68.3 3i. 6 46.0 10.1

34.9 10.0

12.0 13.4 22. i 26.5

8. 4

3136.3

---------1

2. G05

2, 573 1,132 l. 441

376 81i 229

IO(i 106 106

120 114 124

1112

103 !13

115 92

109 113 99

11i 100

tl7 88

lOi

380.9

259.2 106.8 84.4 68.3 37.8 46.2 10.2

34.8 9. 6

12.0 13.5 23.0 27.0

8. 4

31li. 5

~. 321

3,019 I, 43i I. 582

256 II

282 -540

1, 480 2. iH

33. 3.1

12.25 5. 83 Ji. 42

I. (11 I. 28 2.1i 5 .• 1R

II. Oli

3, 270

3. 240 1 I, 571

I,~~~ I ].()3.)

24R

133 147 122

147 !.57 B9

1115

1115 Y7

116 91

Ill) 114 107 117 102

99 91

109

'382.6

259.2 106.4 83.6 68.5 38.0 46.4 10.2

35.0 '10.5

12.0 13.6 23.3 27.2 8.4

'387.0

261.1 107.5 84.2 68.6 38.3 46.7 10.3

35.1 '11.6

12.0 13. i 23.5 28.0 8.4

'392.1

'265.4 '111.1 '87.6

68.8 '38.6 '46. 9

10.3

r 35.2 '12.6

12.0 13.5 23.8 27.7

8. 5

31i8.1 371. 5 • :li.o. 4

3, i48 3, 795

:l. 598 3, 654 I, 865 2, 118 I, 733 I. 536

379 362 I. 066 894

2o9 264

148 150 174 197 127 I 13

lil 1 i5 1r8 223 152 139

105

106 98

11i 92

112 lli 121 115 101

99 90

109

'103

104 97

113 '96

106 '109 '101

112 100

101 '94 109

l 9,092

3. 5tl0 l. 7:l~ I. 822

276 231 .5o9

1, 592 2.804

1 33. 9.)

12.82 0.13 G.tm

I. 0,) .87

2. 22 5. 81 11.1~

3. 277

3. 224 I. 728 I. 496

410 811 2-13

1:!2 161 110

160 190 1:Js

107

!Oi 107 107 9i

107 109

'111 108 103

107 '101)

108

393.3

267.1) 112.1i 89.1 69.4 38. 7 47.0 10.4

3f•. 2 12.1;

12.1 13.1; 24. 1 2i. 4

~ .. li

3ili. i

3,041' 1. 51S I. ;,31)

211 212 ;il9

l,ltifi 2.H311

'34. 40

13.84 H. 97 li. 87

. fl,~

.S4 2. 1i• 5. 59

11.03

, 111

1 11:.? ' 112 I II I

I' fli'

111'2 p 111\ "i' 12k ,. 112 I lOA

,. 111 ,.111 )-> 111

• Revised. • Preliminary. 1 Estimates for October-December 1959 hascd on antic1pated e,lp!tal e'[>enditmes of business. ' Estimates for Tanuary-March 1960 based on .mt1dpated capital expenditures of business. Anticipated expenditures for the year 1959, and comparath·e data for 1957-58, appear on p. 4 of the December 1959 ST"RVEY. I' Includes data not shown separately. tRevised series. In addition to new market groupin~s and expanded co\·erage to include utilities and a number of new items, the revised index incorporates major statistical revisions such as (1) adjustments to recent b0nchmark data, (2) refinements of cstimatin~ procedures, (3) development of new seasonal factors, (4) adoption of the latest (1957) standard Industry classification, and (5) publication of data on a more recent comparison has0 peliod, 195i=IOO. For figures back to January 1955 for total and summary groups (seasonally adjusted), sec p. 6 of the January 1960 SURVEY; for other information and earlier figures, see the Decem her 19,19 Federal Reserre Bulletin and the forthcoming separate Federal Resel'\'e puhlication, "Indu,trial Production: 1959 Revision."

Fdn·nary l!}(i0 SURVEY OF CURRENT BUSINESS S-3

1959

1

1960

1-\ugust I Septern-1 October I No vern-~ Decem- Janu-. · ber her ber ary

- · 1 1958 Unless otherwise stated. statistics through 1958 and

descriptive notes are shown in the 1959 edition of I Decent-BUSINESS STATISTICS ber Janu- I Febru-1 :\[arch I ·\pril J Hay I June I July ary ary

1-

1-

GENERAL BUSINESS INDICATORS-Continued

NDUSTRIAL PRODUCTION-Continued sed Fed. Reser11e Inder of Physical Volume-Con. Rem

~raso nnlly adjusted, total index (inrluding utilities) t 1957=10!1__

industry: nnufacturlng, totaL------------------- ____ do ___

Durable manufactures\) ___________________ do __ Primary metals ___________________________ <lo ___

Iron and steeL ________________________ do ____ Fabricated metal products _______________ do ____

Structural metal parts _________________ ,lo ____

Machinery_---------------- _____________ tlo ____ Nonelectrical machinpry ______________ do ____ Elt'etrical machinery __________________ do ___

Transportation equipment I' ____________ do ____ Motor vehirles and parts ______________ <lo ____ Aireraft and other equlpmPnt. _________ ,jo ____

Instruments and rdated prortuf'ts _______ do _____ Clay, glass, and stone produrts __________ do ____ Lumber and products ___________________ do ___ -Furniture and fixture_s ___________________ do ____ Miscellaneous manufactures .. ___________ t)o ____

Nondurahle mauufactures _________________ do ____ Textile mill products ____________________ do ____ Apparel products ________________________ do ____ Leather and products ____________________ do ____ Paper and produrts _____________________ do ____

Printing and puhlishing _________________ do ____ Newspapers _________________________ - .do_-- ..

Chemicals and products _________________ do ____ Industrial chemicals ___________________ do ____

Petroleum products. _____________________ rto ____

Ruhl><'r and plastics produt'ls ___________ tlo ____ Foods and hevr.rages ____________________ do ____

Food numufactures ____ ~------~----- ___ do_---Bevera.~es _____________________________ do ____

Tohacco products _______________________ cto ____

I

M lning ______________________________________ do ____

By F

CoaL ______________________________________ do ____ Crudr oil and natural {.?;as __________________ do ____

Crude oiL ______________________________ <lo ____ Mctalminin!_,!: _____________________________ (lo ____ Stone and earth mhwrals __________________ do ___

tilities ____________________________________ .do_---El<•ctric _____________________________________ do. ___ Oas ________________________________________ do. ___

market grouping:

ic~~~~~~~"~dot~~~~~-----~~ ::::::::::::::: :::j2:::: Automotive and home goods _____________ tlo ____

A utomoiive products __________________ do ____ Autos __ ----------- __________________ do __ --Auto parts and allied pro<lucts _____ .. do ____

I [orne goods \l _________________________ do ____ Appliances, TV, and radios __________ do ____ Furniture and rugs __________________ do ____

Apparel and staple~---------------------<10 .... Appar~.J. ineL knit goods and shoes ____ do ____ Consmner staples~ ____________________ do ____

Processed foods. ____________________ .do __ --

Beverages and tobaeco _______________ do ____ Drugs, soap, and toilctries ___________ do ____ Newspapers, magazines, and hooks __ do ____ Consumer fuel and lighting __________ do ____

Equipment, including deferu3et;' ___________ do ____ Business equipment_ ____________________ llo ____

Jndu:strial equipm<"nt_ _________________ do ____ Comm('rcial eqnipment_ _______________ do ____ Freig-ht and passf'ngcr cqnipnwnt _____ do ____ Farm pquipmcnt_ _____________________ do ____

atL1rials. ---------------------- ____________ .do. ___ Durable goods materials I' _________________ do ____

Consumer durable _______________________ do ____ Equipment_ ____________________________ .do ____ Construction_----------------- _________ .rio. ___

Nondurable materials \l ___________________ t!o ____ l Bus mess supplies_---------- ___________ .do. ___

Containers __ ------------------------- _do ____ l General business supplirs ______________ do ____

Business fuel and power\) _______________ t\o ____ l Minera,l fuel~-----.-co·------------- ____ <\o ___ .. , N onresidentml utilities ________________ do ____ J

100 100

H\l 100

!15 96 90 !)2 -~9 92 99 99 ~7 97

!)! 92 Xi) 87 !19 99

91) 96 94 97 96 94

102 103 99 99

Ill Ill 106 109 99 102

10.5 105 104 108 109 112 105 104 107 105

97 101 92 99

106 106 108 107 103 l03

112 108 103 103 103 103 103 104 116 108

~8 \17 9.5 89 99 98 98 98 93 102

llll 101

109 111 109 111 109 113

101 102 105 106 107 106

105 lll4 102 D9 109 112

108 108 109 104 110 ll3

104 106 107 109 104 105 102 103

108 105 105 106 !J6 103

107 Ill

92 92 89 90 86 88 94 95 96 95 88 94

98 99 95 96 91 93 95 96 99 100

102 103 102 102 l04 105 101 101

100 100 98 97

107 108

, Hevisrd. v Prrliminary. t.Ree COITP~J)QlHiin1-! notr on p. 8-2.

102 104 107 109 110

102 104 107 llO llO

98 101 105 109 llO 102 109 113 122 ll8 103 112 117 124 119 99 101 104 109 112 98 !19 103 106 109

94 \J6 100 \04 107 90 93 97 101 104

100 100 103 107 110

96 99 102 104 105 97 103 108 Ill ll3 94 94 95 97 96

103 105 106 110 114 101 106 Ill ll2 116 109 112 115 118 112 109 110 112 116 117 !02 104 107 109 110

107 107 llO Ill Ill !08 Ill ll4 11.5 119 112 114 120 122 122 103 101 107 113 107 109 107 112 ll2 110

102 102 104 104 104 !00 100 104 103 101 108 110 113 115 116 109 112 115 117 122 102 108 1114 10.1 108

113 112 104 105 117 105 104 107 lOR 100 105 105 !Oi lOS !Of\ 104 102 no 109 102 112 107 119 110 102

\16 95 \JS mJ 98 87 82 84 X9 83 \16 97 99 100 100 97 97 100 101 101

101 101 99 102 94 101 103 109 111!1 109

lll 112 112 114 116 110 Ill ll2 114 117 114 114 114 11-5 115

102 103 106 108 108 107 107 Ill Ill 111 105 107 110 113 115

101 106 108 110 113 93 102 108 no ll2

112 112 108 109 115

108 107 112 ll6 117 106 103 110 115 11.5 114 114 117 121 121

107 107 111 111 110 llO 113 118 118 119 106 106 109 109 108 105 1114 107 108 10i

106 104 113 109 11)2 108 108 111 no 111 102 103 104 104 105 110 Ill 110 Ill 112

93 95 97 100 102 91 93 96 100 102 88 90 92 97 100 96 97 100 !02 105 95 95 97 99 97

108 112 119 128 1~2

101 104 108 110 110 99 104 108 112 112 95 102 !Oi 113 117 98 100 102 106 109

101 106 Ill 114 113

104 104 108 108 109 105 104 107 107 107 109 108 Ill llO 108 102 102 106 106 106

100 99 !01 103 103 95 95 9i 99 97

109 111 112 114 117

9lnclud.t>s data nor shmvn s<~parutnly.

lOR 103 103 102 - J02 1(19 > 112

108 104 104 102 102 109 • 112

105 98 97 95 -95 '106 "112 81 46 45 43 '77 '109 p 118 71 29 30 30 '73 '114 p 12.1

Ill 106 106 99 '95 '105 p 109 108 100 99 92 91 '100 p 104

108 107 108 107 '104 '109 p lll 105 103 104 103 '102 '104 p 106 113 ll3 113 112 108 '115 v 118

106 102 98 98 '79 '93 p 107 ll4 106 103 104 '63 '94 p 125 96 96 93 91 '91 - 91 p 89

115 116 117 118 119 '120 P120 118 ll5 112 111 110 111 p 110 117 113 112 111 '112 115 --------120 116 115 116 ' 118 120 p 123 ll3 Ill 111 Ill ' Ill 111 "112

113 113 113 111 Ill '113 p 113 121 117 114 Ill Ill 112 --------122 121 121 122 125 126 --------110 107 104 I 104 104 --------114 113 ll4 114 109 113 --------lOll 107 lOR 107 lOS - 109 p 110 106 107 106 105 104 107 --------117 117 119 '117 117 i 118 --------123 123 125 '122 - 122 , 125 --------108 107 106 106 '!05 '101 Pl03

128 120 120 115 113 116 --------105 !08 108 !06 107 108 --------105 107 107 106 107 !08 --------103 114 113 108 105 --·------ --------117 114 111 114 Ill --------- ~-------

94 91 90 91 '96 98 p 97 71 72 74 '7H '8i 93 p 91 99 98 98 98 '100 !19 p 98 98 97 97 98 '99 97 p 97 i3 48 39 '42 08 79 ---·----

Ill Ill 109 108 • 110 113 --------116 115 117 117 ' llti ' 119 p 120 118 117 119 119 '117 '120 1•120 113 110 110 110 113 116 --------

-lOU 109 109 109 109 !09 v 112 112 112 112 1121 109 113 p 117 118 113 Ill 114 '100 - 114 ,, 128

116 10.5 98 1~~ I i2 -99 p 130

113 97 89 48 87 ,, 134 119 liR 114 117 l 110 117 --------120 120 120

121 I . 121 ' !2ti --------119 121 124 124 · 127 I 135 --------123 120 IIR 120 '120 123

--------~

111 ll2 112 Ill I 112 ll2 p 113 120 117

117 I 118 119 120 ---------108 110 Ill 109 110 110 "Ill 106 107 107 104 - 107 107 p 109

108 ll4 112 110 107 -•w-••••• ---------111 112 115 114 "·' 112 p 113 106 108 110 lOS '!09 liO p 113 113 ll3 114 114 114 115 ---------103 102 103 103 101 '103 p 104 104 103 103 103 '102 103 ---------101 102 101 101 102 104 ·--------107 108 109 Ill '112 113 ---------101 96 92 91 f 87 90 ---------132 109 129 112 106 105 ---------106 98 99 97 100 '108 p 110 103 89 91 88 •92 '106 PIll Ill 102 104 95 '74 104 p 114 106 102 101 103 '102 10.5 "108 113 107 105 102 '101 107 ---------109 107 107 106 108 110 p 110 110 110 110 107 '109 Ill ---------111 111 110 106 107 113 ---------109 109 110 107 '110 Ill ---------99 97 98 98 I 101 103 p 103 94 93 93 r 95 ' '97 98 p 97

116 113 114 m! 113 --------- ---------

S-4 SURVEY OF CURRENT BUSINESS February 1!JUO

Unless otherwise stated, statistics through 1958 and ~·~~ l!JS!J d~scriptive notes are shown in the 1959 edition of , ' BUSINESS STATISTICS I D'b::n- J~~r I F~~~;•·I?>Iarch I .\pril I May 1 June I July

1

1960

II August IScptrm-1 0 t h '' I ?'\ovem·l n~'('('ill- -- Janu-

ber c 0 cJ bcr bc>r ary

GENERAL BUSINESS INDICATORS-Continued

BUSINESS SALES AND INVENTORIES§ 1 Mfg. and trade sales (seas. adj.), totaL. ___ .. bil. of doL

l\1 anufacturing, totaL .. _--------------- .•.•... do. __ _ Durable goods industries. ------------------.do .. __ :\ondurable goods industries. --------------.do ... .

Wholesale trade, totaL ------------------------do ....

1

Durable goods establishments .........•..... do ... . :\ondurable goods establishments ........... do ... .

Retail trade, totaL ____________________________ do ... . Durable goods stores. -----------------------do .... l

Manufactnring and trade inventories, book value, end :\ondurable goods stores .... --------- ________ do •. --~

of month (seas. adj.), totaL. ............ bil. cf doL

Manufacturing, t?taL .. 0

• _________________ •••• do ... -~ Durable goods mdustnes ____________________ do ... . :\ondurable goods industries ..•.•••......... do ... .

Wholesale trade, totaL ________________________ do ... . Durable goods establishments _______________ do ... . ;.Jondurable goods establishments .....•..... do ... .

Retail trade, totaL ____________________________ do ... . Durable goods stores. __ --------------------.do. __ _ '\ondurable goods stores _____________________ do ....

MANUFACTURERS' SAI,ES, INVENTORIES, AND ORDERS

Sales. value (unadjusted), totaL ___________ mU. of doL.

Durable goods Industries, total Q ______________ do .... l

;Ji~~:~~~m~~~;~~~~==::::::::::::::::::::::~~:::: Machinery (including elcctrical) _____________ do ... .

ElectricaL __________________________ . ___ .. do ... _

Transportation equipment._. __________ ..... do. __ _

L~~~; ,~~~i1~~;1&~~r~~~::::::::::::::::::~~::::1 _stone, rlay, and glass ... : ____________________ clo ____ l

1\ondurable goods Industnes, total'¥ -~---------do ___ _ Food and beverage __________________________ do .... To hnrco .. __ --------------- ____________ . ___ .. do. __ _ Textile. ____ ------------------- _____________ .do. __ . Paper _______________ ------ _____ •.. ___________ do. __ _ ClwmicaL __________ ----------------- ____ . ___ do. __ . Petroleum and coaL _________________________ do .... Rubber .... --------------------------- ...... do. __ _

Sales, value (seas: adj.), totaL ___________________ do .... l Durable goods mdustnes, total Q ______________ do .. ..

:~ifi[f{i~%~~'il::::: :::::::::::::::::::::::~~::::I Marllinery (including electrical) _____________ do .. --I

ElectncaL. ....... __ . ___ .... ____ -- ...•..... do .... i Transportati?n equipment. ___________ ...... do ... -I

Motor velncles and parts .................. do .... , Lumber and furniture _________________ ...... do .. -- f

Stonr, clay, and glass ________________________ do ___ _

Nondurable goods industries, total'( __ . __ .. __ .clo ... _! Food and beverage __________________________ do ____ : Tobacco ___________________ ------- ___________ 1i11 ___ _

'frxt!lc_ ------------------ ___________________ ( l<l ____ ,

~~~~~i;Qi~~====================== == ===== === =~i~= == ~; Pf'trolcum and conL _________________________ do ____ 1

Rubber ____ ---------- _______________________ do ___ _i I

Invt'lnt(lrjes, end of month: i Book value (unadjusted), totaL ............... do .... l

Durable goods industries, total9 ____________ Uo ____ i Primary nwtaL _________________________ do ____ !

Fc~b~~t~t~J ~~~:~~~ ~ =: == == = == === == =~ == == ==gg=::: i ~1achinery (hlcluding electrical) _________ do ____ ;

ElectricaL .... ________________________ do ... _;

Transportation equipment- _____________ do ____ :

L~0t;g~ :~;;ir~~~n~~~e~~~~~==============~i~====! Stone, clay, anrl g'lass ____________________ do ____ ! By staves of fabrication: 1

Pun.'hased matc·rinls ________________ bil. of doL_r

¥~~)i~~~a g~~~~~~~---~==================== =~l~= == =! Nondurabk goodB industries, total Q .. mil. of dol..i

~~h~~c~~~~- ~)~~-'~~~1~~~===::::: =====::: ==::: =~i~ =:::I Te"Xliie __________________________________ do ___ _ Paper _______ . ____ . ___________ . _________ .. do .. __ Clu,•n1icuL _______________________________ do ____ , Petn,lcnm and coaL _____________________ do ____ , Rubber __________________________ ....... do .. _.

By staves of fabrication: i Purchased matcrials ________________ bil. of doL.·

l?i~~f,~~ i'~~d;~~::: :::::::::::::::::::::g~:::::

57.4

28.1 13.6 14.5

II. 7 4. 3 7.4

17.6 5. 8

11.8

85.1

49.2 27.8 21.4

12.0 6.3 5. 7

24.0 10.8 13.2

27,954

I3, 7I7 2, 117 I. 365 1, 415 4, 085 1,843

3. 646 2, 4I5

831 583

14,237

4, 353 422

I, 07I 898

I. 833 3, 237

502

28, I35

I3, 6I3 2, 256 I, 484 I, 586 3. 975 I, 710 3,184 2. 04()

884 1155

H, 522

4, 4~1 414

I. 079 955

2. 004 2 970 '.518

49,468

27. 873 4. 297 2, GIS 2. 810 8 852 3:295

"· r,:w 2, 635 1. 728 1,188

7.7 II. 3 9.0

21. 595

4. 891 I, 978 2. 422 I, 443 3, 791 3. 21i4 1. 001

8. g 2.9 9. 8

57.4

28.I 13.5 14.6

Il.8 4.3 7. 5

17.5 5.8

11.6

85.6

49.5 28.1 21.4

II. 9 6. 3 5. 6

24.2 11.0 13.2

27,329

13,066 2,195 1, 434 1,417 3, 797 1, 580

3, 275 2,197

829 561

I4, 263

4, 25I 377

I, OS:J 942

1, 947 3, 195

503

28, 143

I3, 54! 2, 230 l, 478 1, 537 4. 017 1, 708

3,167 2, 003

879 668

14, C.02

4, 522 428

I, 102 942

~· ~~~ '508

49, ~-;-f)

28,178 4. 2\13 2, ()53 2, 903 8, 9ti7 3, :JOi

6, 695 2. G25 l, 713 1, 219

7. G 11. 5 9.1

21,598

4, 831 I, 904 2, 4ti~

!· ~5~ ,q,,)(,, 3, I99 I, 023

8.8 3. 0 9. 8

58.0

28.5 13.9 14.6 11.9 4. 4 7. 5

17.6 5. 9

II. 7

86.0

49. g 28.4 21.5

11.9 6.3 5. 6

24. I Il.O 13.2

27,502

I3, 50I 2, 320 I, 549 1,390 4, 125 1, GGS

3, 215 2, 019

8ii.'l 582

14, 001 ' 4. I 55 I

3fi4 I,I5t>

938 I, 853 2, 94G

456

28, 48I

I3, 870 2, 42I I, f\48 1, ~12() 4, I31 1, 724

3, I68 I, 9GO

894 677

14, Gll

4, 479 1

42~ 1

I,B\1: U/7 I

1, tl:1~; 3, 037

400

50, 1\)(J

28, 506 4,2SG 2, 627 :J. 008 9.12.1 3, 376

G, 738 2. 704 1, 72::; 1, 24U

7. 7 11. 5

9. 4 2I, (;24

4, 777 1, fl97 2, 49ll 1. 474 3:805 3.I75 I; 053

8.8 3. 0 9. 8

59.2

29.I 14.4 14.7

I2.2 4. 6

. 7. () I7. g 6. 0

II. g

86.6

50.5 28. g 21.5

12.0 6.3 5. 6

24.2 Il.1 I3. 0

30, 589

I5, 305 2, 792 I, 925 I, 622 4, 595 1, 791

3, 49I 2, 304

969 724

I5, 284

4, 483 404

I, 243 1, 018 2.I32 3,107

526

29, I30

I4, 400 2, 580 I, 782 I, 605 4, 226 I, 704

3, 212 2, 060

918 731

14, 730

4, 465 4I6

1. ~00 fJ-:3

1. 979 3, (146

,!)(){)

50, C26

2\l, 1\G 4. 27I 2, 565 3,I.ol 9, 279 3, 452

H, 908 2, /tit) 1. 7."1() I, 21;5

7. 9 11.6

9. fj

2I, 510

4, r.u2 I I, 951 2, 5'):2 1. 491 3. 793 3. IS7 1, 071

8.8 3. 0 9. 7

60.6

30.3 15.2 I5.1

12.4 4. 7 7. 7

18.0 6.1

11.8

87.6

51. I 29.4 21.7

I2.1 6.4 5. 7

24.5 II. 3 13.2

30,885

I5, 810 2, 947 2, 033 1, 735 4, 610 I, 745

3, 637 2, 367

989 77I

I5, 075

4, 378 399

I, 217 1, 044 2, 247 2, 988

554

30,266

I5,166 2, 792 I, 918 l,ll84 4, 423 I, 804

3, 385 2, I42

995 756

15,IOO

4, 507 411

I, 2:i3 1, ll34

~- g~~ I '543 I

51, OD3

29. 510 ( 183 z: 4GO 3, 270 9, 434 3, 537

7. o:l4 2, S2~1 1, 7GG 1, 284

8.1 11.8

9. 7 21, 543

4, G7G I, 9115 2 '2'3 I: 492 3, 745 3 232 1:040

8. 7 3.1 9. 8

61.5

30.7 15.5 15.2

12.5 4. g 7. 7

I8.2 6.I

12.1

88.3

51.6 29.7 21. g

I2. 2 6. 5 5. 7

24.5 11.5 13. I

30,673

I5, 727 3, 011 2, 093 1, 7I8 4, 515 I, 731

3, 51>.5 2, 228

995 789

I4, 946

4. 598 407

I, 199 I, 026 2, I85 2, 934

524

30,742

I5, 5I5 2, 858 I, 956 1, 711 4, 507 I, 796

3463 2:178 1, 041

7(i6

I5, 227

4, f,J( ass

I, 310 I, 021i 2, 009 2, 994

524

51, 515

29, 905 4, 175 2, 420 3, :JiG 9 {'')" I

3: G43 I

7, 078 2, ~12 1, 787 1, 292

8. 3 II. 8

9. 81 2I, 640 4 I'll('

1; 8~4 I 2, 557 I 1, 497 ;;, 730 :;, 312 I, 015

8. 7 3.1 9. 9

62.0

31.2 I5. 8 I5. 5

I2. 6 4.9 7. 7

I8. 2 6.2

I2.0

89.3

52.1 30.2 21. g

12.4 6. 6 5. 8

24.8 11.7 13.I

3I, 993

I6, 653 3, 259 2, 3I3 I, 827 4, 808 1,868

3, 674 2, 2G8 I, 050

829

I5, 340

4, 679 451

I, 200 I, 052 2, I80 3, 033

546 3I, 248

15,771 2, 916 I, 994 I, 758 4, 565 I, 815

3, 558 2, 279 I, 035

768

I5, 477

4, 6I4 414

1. 281 l, 042

2,1251 3, 09fi 0:?0

,)], 990

:10,217 4, 013 2, 2:•I a. uoo 9, 8!11 3, 724 7, 220 2, 9S:J 1, itHi 1,205

8.8 11.7

9. 7 21,773

4, 604 l, 7f;4 2. 570 1, 49!) 3, 777 3, 249 1, 0!3

8. 7 3.1

10.0

61.7

30.9 15.4 15. 5

12. 5 4.8 7. 7

18.3 6.2

12.I

89.9

52.2 30.3 21.9

12. 5 6. 7 5. q

25.1 II. g 13.2

29,246

I4, 220 1, 785

999 1, 7GO 4, 350 I, 710

3, 478 2,106

983 781

I5, 026

4, 610 4I6

I, 119 986

2, 044 3, 093

514

30,858

15,384 2, I04 1,I82 I, 787 4, 778 I, 899

3, 667 2, 310 I, 077

805

I5, <174

4, 540 382

I, 256 1, 0(-iO 2, 171 3, 093

519

M, 79o ! 30,079

4, 007 2, 200 3. 4b7 9, 779 3, 582

7, 114 2, 910 I, 848 1, 275

9.0 11.7

9. 4

21,711

4.1i'28 1; 737 2, ,1()3 1, 457 3, 809 3, 347 1, 032

8. 7 3.1 9.9

59.6

29.3 14.0 15.3 I2.2 4. 6 7. (i

18.1 6.1

I2.0

89.5

52.1 30.1 22.0

12.6 6.6 5. g

24.8 11.6 I3.2

28,590

13,049 I, W5

4I7 1,810 4, 4C3 1, ~23

2, 648 I, 31\1 1, 065

8I2

15, 541

4,579 413

1, 296 I, 04I 2, 143 3,056

4RO 29, 268

14,008 I, 227

439 I, 703 4, 651 I, sg3

3, 577 2,143

fi~Jl 751

If, 260

4, 511 3\:15

1. 2[-0 l, Oil 2, I 57 3, 071

'lfl2

2?, <>79 3. 979 2, 2ii4 3.2!).1 9. 722 3. ()52

7.013 2. S47 I. 85\i 1, 229

8. 9 11. r; (1.2

21.845

4, <24 1, 773 2, 4Rl 1.-158 3, 878 3, 399 1.057

8. 6 3.1

10. I

60.1

29.8 14.1 I5. 7 12.5 4.6 7. g

17.8 5. 8

12.0

89.2

51.9 29.8 22.1

12.5 6. 5 6.0

24.8 II. 5 13.3

30,032

13,687 1, 218

436 I, 898 4. 726 2,030

2, 768 1, 404 1,073

775

16,315

4, 855 416

1, 310 1,060 2,379 3, 235

528

29,818

14, 113 1, 212

432 1, 759 4,663 I, 942

3, 64I 2. 2:17

977 718

15, ;o;, 4, (i)8

408 l, ~22 1,029 2.273 3.301

[!44

51.5.51

29, GOI 3, 971 2, 21i4 3,035 0, 050 3, (il4

7, 290 3, ](17

i: ~~~~ l s_ 5

11.9 9. 2

~1. P50

4, 9441 I ~52 2:440 I I. 442 3, t;53 3,:_Hl8 1.075

8. 7 3.1

10.2

59.7

29.4 14.0 15.3

12.0 4. 4 7. 5

IS. 3 6. 4

12.0

88.8

51.5 '29.2

22.3

12.5 6. 5 6. I

21.7 II. 6 I3. 1

'59. I

'29.0 I3. 5

'15. 5 I2. 3 4. 6 7. 7

17.8 5. 7

I2.2

'88.4

'51. 6 29.3

'22. 3

12.6 6. 5 6. 1

24.2 II. 0 13.2

30. 849 ' 28, 530

I4, 528 I, 269

467 I,800 4, 822 2, 079

'I3, 305 1, 907

'I, 147 '1, 527 '4, 521 1 1, 973

3, 570 T 2, 701 2, 207 1 1, 373 I, 034 '897

782 6.52

I6, 32I ' I5, 225

4, 950 ' 4, 585 409 '441

I, 346 '1, 256 1,086 '974 2, 339 '2, I20 3, 037 ' 3, 103

569 '439

29, 384 ' 28, 972

14,047 1,186

438 I, 631 4, 666 I, 9ll

3, 778 2,415

B52 704

I5, 337

4, 609 399

1, Hl7 1,006 2,219 3,1137

.)55

' I3, 479 1, 956

'1, 182 r 1, 623 1 4,717 'I, 956

'2, 514 r 1, 167

r £22 662

'15, 493

'4, 643 '443

T I, 209 1 904

'2, 236 '3. I83

T 482

51.-134 '51, 782 29,224 3, 98I 2.288 2, l-\54 9, 700 8,62/:i:

7,062 2. \J07 1,819 1, 237

8. 2 ll. 9 I 9.I I

n,zw 5, 021 1, 92() 2 43! I: 444 3, 944 3, 443 I, 087

8. 8 3.1

IO. 3

'29, 431 '4, 1\61 '2, 411

; ~: ~g~ I '3, 626

'7, 114 T 2, 997 '1, 8:l4 1 1, 290

8. 3 Il. 8 fl. 3

r 22,351

'5, 0()8 1. 923

1 2,451 1 1,46G '4, 000 '3, 398 '1. ll4

'9. 0 3. ()

10.4

61. I

30.8 I5. 0 15. 8

I2. 8 4. 8 8.0

17 .. 5 5. 3

12.2

89.2

52.3 30.0 22.3

I2. 7 6.6 6 I

24.2 II. 0 I3. 2

30,776

15. 324 2, 712 I, n1 -------­I,608 __ 4. 8.)4 ----2,110 ---

3, 584 2,105

841 629

15, 452

4, ,}76 440

1, 229 976

2, 169 3,400

493

30, 8I4

14,992 2, 815 2, 012 I, 751 4, 699 I, 978

2, 970 1, 588

906 707

I5. 822 4, 687

431 -----1, 2fii ---1.04\1 2, 37I 3,148

50~

52.764

30. I7~ 4. 3114 2, 577 3.1112 ~- 818 3. G12

7, 34I :l, Hl9 I, 84:> I, 345 --- .. '"

8 .I __ I2 I 9. 6 --- "' --

22, 58S

4, ~ID/ 2, 031 2, 474 I, 500 ----4, m12 __ _ 3,3:1f1

1,H1

9. 2 3.(1

104

"RPvisect. §The term "business" here includes only manufaC'turinp.: and trade. Business invrntories a<; shown on p. S-1 cover data for all types of produccr'3, both farm and nonfarm. Unadjusted data for mannfaeturing are shown brlow; those for retail and wholesale trade on pp. S-9, S-10, and 8-11. 9 Includes data not shown s<·parately.

Febrnary 1!)()0 SUHVEY OF CliRRENT BUSINESS

Unle~H ~therwi~e Ht~~~~. statistics through HH'iS -and I IH58- -~-. - ··- . ----- - -descriptive notes art' shown in the 1!15H edition of: DPC'('!tl- J·mu- I fphru-1 I BUSINESS STATISTICS j 1,..r · ;,ry my , C\larch

--------- ---- ------

Gf:NEHAL BUSINESS INDICATORS-Continued

MANUFACTURERS' SALES, INVENTORIES, AND ORDERS-Continued

Jnvt'ntories, €'nd of month--Continurd Book value (seas. adj.), totaL _________ miL of doL

Dnrable ROOds indnstriPs, total \? ----------- <lo Primary metaL ________________________ do_

Iron and steeL _______________________ do_ Fabrirated mPtaL _______ ----------- do_ Maehinl'ry (including electrical) ________ do_

ElectricaL -----------------------do_

Transportation HJUlpment ______________ do ___ _ Motor VPhic1('S and pa.rts ______________ do ___ _

Lumber rmd t'nrniturc ___________________ do ___ _ Stone, clay, and vlass ____________________ do ___ _

By stages of fabrieation: Purchased mat<•rials ________________ biL of doL Goods in procr:-s ________________________ do ___ _ Finishc<l goo<!~_------------------ ----- do ___ _

Nondurable roods industries, total \? __ miL of doL

Food and beverage.------~--------- do Tobacco ____ ------------------------. do_ TPxtile __________ ------------------- do_ PnpPr __ ----------------------------- do_ ChemicaL. ____ ----------------- _ do_ PPtrolC'nm and coaL________________ do_ Ruhtwr _________ ----------------- do_

By R!agps of fnbrieMion: PurchnS<·d mllt<'rinls ________________ biL of doL GoodE' i11 })J"OC('~s _______ ---------------- _ do __ _ Fini~h('(l !.roodf.l __________________________ do_ -~

Kew orders, ll<'t (ulla<ljusted), totaL _______ miL of doL_

J)urahlr- goods 1IH1Ustri('S1 total 9----------- do_ Primary mrtnL _______________ ----------- do_

Jronandst<'t'L_____________ _____ do_ F:lhricated mdaL_ _ _ _ _ ___ _____ _ do_ M:whinery (including electrical)____ ____ do_

ElectricaL_______ _ _ do __ Transportation ('quipmf'nt (inr1uding motor V<'-

hicles) ___________________________ nliL of doL

N ondurahh, goods indus triP~. totnl ____________ .do_ Industries with un!'llkd ordrr~ EB--- ________ do_ ln<lustrirs without unfillr•d onh•rs fJ __________ {}o

New orders, net (scns. adjustP<l), totaL __________ do_

Durable goods industriPs, total '1--------------do_ Primary nl<•taL ___________________________ do_

Iron and stt•cL ___________________________ do_ Fabricated Illl•taL _______________________ do_ Machinery !including- electrical) _____ ---- ____ do_

F.lc>ctrical_____ _ _____ _ __________ do __ _ Transportation equipment (including motor ve-

hicles)______ _miL of doL

Nondurable goods industri<'s, totaL ___________ do __ _ Industries with unfilled ordPrs Ef> ____________ do ___ _ Industries without unfilled orders 1---------- do ___ _

Unfilled orders, end of month (unadj.), totnL ___ do ___ _

Durable goods industries, total '1------------- do ___ _ Primary metaL ___________ --------------- do ___ _

Iron and steeL _________ ------------- do ___ _ Fabricated metaL ____________ -----------do ___ _ Machinery (including electrical) ______ ----- do ___ _

ElectricaL __________________ -------· _ -· __ do __ _ Transportation equipment (including motor ve-

hicles) _______________________________ miL of doL

Nondurable goods industries, total GJ __________ do ___ _

BUSINESS POPULATION Firms In operation, end of quarter (seasonally adjusted)

thousands_

49, I7H

27,81.1 4, Ill 2, o03 2,897 8, 904 3, 342

6, .143 2,.148 1, 740 1, 200

7. [) 1L 3 9, 0

21,364

4, ()70 1, 920 2,444 1, 443 3, 739 3, 264

994

8. 6 :J. 0 9.8

28,033

1:1,796 2, 294 1, .134 1,429 4,0.\2 1, 88.1

3, 501

14,237 3,026

11, 211

28, 36.1

13,673 2, 210 1, 489 1,408 4, 047 1, 890

2, 9fi8

14,692 3, 289

11, 403

46, 797

44,008 4, 351 3,140 3, 060

16,012 9, 381

16,504

2, 789

49,489

28, 106 4, ISO 2, 551 2, 962 9, 008 3,360

6, 587 2, 490 !, 724 1, 207

7. 7 11.4 9.0

21,383

4, 700 1,881 2, 449 1,4,18 3, 727 3, 281

998

8. 6 3.0 9.8

28, 215

13,897 2, 835 2,011 1,462 3, 868 1, 518

3,0-'7

14,318 3,112

11,206

28, 502

13,900 2, 727 1, 934 1, .123 3, 937 1. 564

3, 038

14,602 3, 143

11,459

47, 683

4!: ~~~ 3, 717 3,105

16,083 9,319

16,286

2, 844

49,921

28,408 4, 267 2,627 3,008 9,086 3, 406

6,673 2, [)74 I, 712 I, 207

7. 8 11.4

g_ 2

21,513

4, 7c2 I, 89:l 2, 4b7 ],4."i2 3, 727 3,307 1, 022

8.6 3. 0 9. 9

28,916

14,759 3,450 2, 57.1 1,601 4, 229 1, 628

2, 884

14, 1.17 3, 31:1

10, 844

2\\702

14,918 3, 23f} 2,429 I, 68.1 4,198 I, 682

3, 038

14,784 3, 381

11, 403

49,097

4ll,097 6,121 4, 743 3, 316

16,187 9, 279

1.1, 955

3, 000

50,454

28,925 4, 341 2, 644 3.120 9. 21;; 3,4.c8

6,854 2, 680 1, 719 1, 216

8.1 11. ,I 9. 3

21, "29

4, 797 1, 876 2, 463 1, 4flf:i 3, 702 3, 320 1, 030

8,6 :J.O 9. 9

31,868

16,4.12 a, o:13 2,064 l,G88 -I, 19:1 2,133

3, 614

L'\ 416 :J,.o.\7

11,859

ao, 229

1fi,323 2, 681 1, 795 1,608 4, 839 2,094

3, 437

14,906 3,453

11,453

fO, 376

47, 241 6, 362 4, 882 3,382

16,78.1 9, 621

16,078

3,132

51,052

29,361 4,368 2, 64.1 3, I7o 9, 346 3, F08

7,031 2, 826 1, 731 1, 235

8. 3 11.7 9_3

21,691

4,870 1, 868 2, 482 1,463 3, 696 3, 367 1,015

8. 7 3. 0

10.0

30,994

Ifl,858 2, ll71 1, 738 1,665 4,679 I, 791

3, 792

l!i, 136 3, 442

11, 6\)4

31,206

1.1, 796 2, 82f> 1, 829 1, 632 4,632 1, 822

3, 6.\.1

1.1,410 3, 662

11,748

r:o, 4So

47, 292 6, 086 4, 587 3, 312

16,854 9, 667

16,233

3,193

51,599

29,734 4, 312 2, .174 3, 278 9,482 3, 557

7,167 2, 950 1, 7.19 1,2.54

8. !i 11.8 9. 4

21,860

4, 967 1, 873 2, 487 1, 482 3, 730 3, 3~0

995

8, 8 3.0

10.0

30,281

1.1, J:ll 2, 051 1,6f.O I, 668 4, ii90 1, 716

3, 333

lo, 1-10 3, 524

11, 626

30,541

1!), 24] 2, 479 1, 586 1,619 4,626 1, 744

3,498

1.1, 300 3, ,524

11,776

[(), 093

46,696 5, 626 4, 144 3, 262

16,929 9,652

16,001

3, 397

52,138

30,227 4, 201 2,447 3, 365 9, 725 3, 648

7,386 3,149 1, 764 1, 276

8.9 11.9 9. 5

21,911

4, 928 1,819 2, ;';32 ]. 492 3, 768 3, 366 I, 013

9. 0 3.0 9.9

32.302

16,930 2, ,<83 1, 731 1, 77,':) ;;,409 2, 370

4, 039

1.\3G6 3, 4G5

11,901

31,404

16,133 2, 578 1, 714 1, 811 4, 922 2, 021

3, 841

1.1, 271 3, 269

12,002

W,402

46,979 4, 950 3, 562 3, 210

17,530 10,154

16,366

3,423

4,645

52.241

30,349 4,108 2, 354 3, 411 9, 802 3, 667

7, 397 3, 175 1,823 1, 270

8.9 11.9 9.5

21,892

4, 847 1. 838 2, 534 1, 457 3, 847 3, 314 1. 075

9.0 3. 1 v. 8

29,449

14,424 I, 749

977 1.793 4, 658 1. 897

3,161

1-5,025 3, 203

11, 822

30, 827

15,493 2, 018 1, 149 1, 793 4, 893 1. 928

3, 631

15,334 3, 384

11,950

50, 605

47,183 4, 914 3, 540 3, 243

17,838 10,341

16,049

3, 422

52, 116

30, 145 3, 980 2, 2.54 3, 328 9, 826 3, 680

7,333 3, !53 1, 841 I, 261

8. 7 11.9 9. 5

21,971

4, 833 1, 8{i() 2, 4115 1. 473 3, ~107 3,332 1. 113

9.0 3. I 9. 9

28. 558

13,120 !, 633

902 1. 'i~l6 4, 3!13 1, 794

2, 342

15,438 3, 399

12,039

29,01fl

13,974 1, 689

920 1. 710 4, 623 1. 927

3,185

15,042 3, 237

11, 805

50,573

47,254 5,382 4, 025 3, 229

17,828 10,312

15,743

3, 319

51,892

29.817 3, 923 2,198 3,117 9. 741 3,630

7,305 3,165 1, 860 1, 277

8_3 12.0 9. 5

22,075

4, 832 1, 930 2. 516 1,-171 3, 970 3, 267 1.114

8.9 3. 1

10.1

30,527

14,285 1,807

990 1,876 4, 941 2,124

2. 712

If>, 242 3, 498

12,744

30.552

14,747 1, 957 1. 112 1, 705 5,067 2,173

3,155

15,805 3, 533

12,272

51,068

47,852 5, 971

Ub? i 18.043 10,406

15,687

3, 216

4, 666

New business incorporations (49 Sta!Ps)ci't--number_

INDUSTRIAL AND COMMERCIAL FAILURESci'

4, 603

16, 512 18,839 15,791

4, 621

18, 176 17,615 16,721 16, 208 16, 650 14,406 14, 664

Failures, totaL ____________ ----------------- _number._

Comnwrcial se-rvice _____ ------------------_--- _do ___ _ Construction ___ .. _ .. ___________________________ _do __ --Manufacturing and mining ____________________ do __ --Retail trade ___________________________________ do ___ _ Whol<•sale trade ______ ----------------- ________ do ___ _

LlabilitiPs (current), totaL ______________ thous. of doL_

Conimrrcial sf•ryicr _________ -------- __ -_----- __ do. __ _ Construetion_ _ ______ --------------- ________ do ___ _ Manufacturing and mlnlng ____________________ do ___ _ R<'tail trade ___ ------------------------------do ___ _ \Yholcsale trade _______________________________ do ___ _

Failure annual rate (seas. adj,)_No. per!O,OOOconcerns_

1, 082

88 176 185 515 118

57,069

3, .\90 10,0[8 18,411 14,397 10,613

51.3

1, 273

96 188 215 642 132

73,564

6, 559 8, 274

17,062 33,197 8, 472

51. I

I, 161

104 164 207 582 104

58,592

4, 547 6, 911

17,444 22,327 7, 363

50.9

1,263

117 185 210 625 126

65,051

5,304 II, 589 22,558 20,348

5, 2.12

f_0_4

I, 292

121 166 202 671 132

71,907

9, 994 8, 623

16,501 22,839 13,950

I, 135

104 172 199 567 93

50,917

3, 336 12,262 10,83.5 19,638 4,846

48.3

I, 244

Ill 167 203 633 130

49, 197

5, 069 8, 519

12,143 18,234 5, 232

53.8

1,071

100 137 203 518 113

51,197

3,147 11, 328 14, 592 17,052 5,078

49.2

1, 135

122 181 187 542 103

54,501

3,160 12, 061 18,559 15, 362 5, 359

53.3

1, 144

93 191 192 563 105

54,736

3, 077 12,595 15,974 16,098 6, 992

58. 4

51,515

29,249 3,870 2,158 2, 912 9,807 3,655

6,887 2, 74-5 1,855 1,320

8.0 11.8 9. 4

, 51, 62.1 I '29, 347 ' , 3,9sli 1 '2, 2.13

:?.m '3, 1)39

'1\, 928 '2, 811

::: ~~~ 8.1

11.8 9.4

22, 266 ' 22, 278

4, 810 '4, 814 1,%5 1,942 2, 536 ' 2, 542 1,481 'I, 49() 4, 037 '4, 041 3, 295 ' 3, 28:J I, 115 ' 1. 120

9.0 R-~ 3.1 '3.1

10.2 10.3

31,258 '28, 559

14,980 I, 818

997 1,863 4, 794 2,002

3,626

'13,299 '2, 1491 r 1. 3()1 r 1~ 5\lf\ '4, 282 '1, 740

'2,D11

16,278 ' 15, 2li0 3, 622 ' 3. 441\

12,656 ' II, 814

30, 449 ' 29, 222

15,099 1,870 1,039 I, 791 4, 982 2,075

3,661

'13, 721 '2, 141 '1, 338 '1, 818 r 4,67:1 r 1, 927

'2,303

15,350 ' 15, 501 3, 385 ' 3, 377

11,905 '12, 124

51,477 '51, 506

48,304 6,520 5,109 3, 270

18,015 10,329

15,743

3,173

'48, 298 '6, 762 '5, 323 '3. 339

r 17, 776 r 10, 09t)

r 15, 653

'3, 208

.52, 316

:Jo, ooo 4, 114 2,38() 3, 10.1 9, 848 3, fi56

7,135 a.040 1,8.14 1, 359

8. 3 12.0 9.7

22,3W

4, 775 1. 972 2, 490 1. 5(Xl 4,049 a, 30H 1,124

8. 8 a. 1

10.4

30,701

15, 111 2, 737 1, 837 l,fl.l7 4, 8.1(\ 2. 018

3, 5li9

1.1, 590 ;;, 577

12,013

30,890

14, SSG 2, 720 1, 844 1, tl69 4, 84(\ I, 982

2,886

lfi.004 3_ 7fi5

12,239

.51, 431

48,085 fi, 787 5, 239 3, 338

17,778 10,004

15,638

3,346

4. (i84

14,526 13,01.5 16, 467

1,125

102 164 221 532 106

50,375

3,891 7,131

20,980 13,050

5,323

50.5

1,130

105 186 IU5 520 124

53,214

3,027 12, 136 17,266 15,244

5, 541

55.4

1,080

89 163 231 478 119

59, 556

3,072 10,453 23,822 13,443 8, 766

49.6

' H<•vised. 'I Includes data not shown separately. EE> Includes textiles, leather, paper, and printing and publishing Industries; unfilled orders for other nondurable goods industries are zero. 1For tileS<' industries (food, !leverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders. ci'Data are from Dun & Bradstreet, Inc. tHevisions for January-September 1958 to include data for Hawaii appear in the January 1960 SURVEY; comparable data for 1955-57 are available upon request.

r;:m-t26-!\0-- --fi

S-fi SURVEY OF CrRRI<:NT BUSIXESS

- I lin less otherwise stated, statistics through 1958 and _ 1958 _ desrriptive notes are shown in the 195!) edition of I Decrm-Bl'SJNESS STATISTICS her

PRICES RECEIVED AND PAID BY FARMERS Prieps received, all farm productst _______ 1910-14=100 __

Crops. ___________________ ---------------------do. __ _ C ornmercial vegetables ______________________ do ___ _ Colton _____________ . ________________________ do ___ _ Feed grains and hay _________________________ do ___ _ Foocl grains. __ -----------------------------.do ___ _ Fruit. . ______________________________________ do ___ _ Oil-hcnring crops ___________________________ do ___ _ Potatoc's (inrl. dry edible beans) _____________ do ___ _ Tohacco. ____________________________________ do ___ _

Liwstock and products. ______________________ do. __ _ Dairy products. ____ ------------------------ .do. __ _ ::\I rat animals _______________________________ do ___ _ Poultry and eggs ___________________________ do ___ _ WooL. ______________________________________ do ___ _

Prkr-~ paid: .\Il eommoditif'S and servicrs __________________ do ___ _

Fnrnily living itrms ________________________ do ___ _ Production items __________________________ --do ___ _

.\11 eommoditirs and srrviePs, intrn'st, taxrs. and 1nwe ratl's (parity index) ____________ l910-14=100 __

Parity ratio § ____ --------------------- ___________ rlo ___ _

CONSUMER PRICES

( CS. Department of Labor in de res)

A 1l itPms . ------------------------------1947-4\1= JO(L Spt~eial group inde:-a•s:*

All items less food ___________________________ do ___ _ All items less shelter_ ________________________ do ___ _ .-\ll commodities ____________ ---------------- .do ___ _

X ondurables .. ------- _____________________ do ___ _ Dura bles. ________ ---------------- ________ .do ___ _

Srrvices __________ -------- __ ------------ _____ do ___ _

Apparel ...... _________ ------------------------ _do. __ _ Food I! __ -------------------------------------do ___ _ Dairy products. ________ ------ _______________ do. __ _

Fruits and ve~etables _---------------------do ___ _ :\lmts, poultry, and fish. ____________________ do ___ _

Housii1~ I! ___ ---------------------------------do ___ _ Gas and electricity _________________________ .do ___ _ Housefurnish ings ____________________________ do. __ _ Rent _________ ----------- __ ----------------_do. __ _

l\ledical care. ___ ----------------------------- _do ___ _ Pl'rsonal care .. _______ -------------------------do. __ _

Rl'adin~ and recreation------------------------do ___ _ Transportation _________ ---------- ___________ -.do. __ _

Private ______________________________________ do. __ _ Public ______________________________________ do ___ _

Otlwr goods and services. ____________________ do ___ _

WHOLESALE PRICESci'

(U.S. Department of Labor indens) All commodities .. _______________________ 1947-49=100 __

By stugr of proct•ssing: Crude matrrials for furthrr fJI'Oct'ssing ______ l}o_ Intt>rmediate matf'rials, supplif's, rte ________ do __ _ Finished goods0. __________________________ do ___ _

By durability of product:* ~ ondurablP goods ______________ ---------- __ _c]o ___ _ Durable goods _______________________________ do ___ _

Farm products I! -----------------------------do ___ _ Fruits and vegetables, fresh and dried _______ do ___ _ Grains_ . ------------------------------------do ___ _ Liwstock and live poultry __________________ do ___ _

Foods, processed I! ----------------------------do ___ _ Cereal and bakery products .. _______________ do ___ _ Dairy products and ice cream .. _____________ do ___ _ Fruits and vegetables, canned and frozen ___ do ___ _ .\!eats, poultry, and fish _____________________ do ___ _

Commodities other than farm prod. and foods .. do ___ _

Chemicals and allied products I' _____________ do ___ _ Chemicals, industriaL ___________________ do ___ _ Drugs and pharmacenticals ________________ do ___ _ Fats and oils, inedible _____________________ do ___ _ Fertilizer materials ____________ -----------_ do. __ _ Prepared paint ____________________________ do ___ _

Fuel, power, and lightin!! materials I' ______ _do ___ _ CoaL ______________________________________ do ___ _ Electric power. _____________ .January 1958=100 __ Gas fuels_-------------------------- _______ do ___ _ Petroleum and products. __________ !947-49=100 __

Furniture, other household durables <;> ______ do ___ _ Appliances, household ____________________ _cto ___ _ Furniture, household ______________________ do ___ _ Radio receivers and pllonographs __________ cto ___ _ ':Pelevision receivers _______________________ do ___ _

244

213 220 256 !51 199

217 214 121) ·'04

270 270 328 1.15 199

274 287 265

29.1

83

123.7

126.5 121.5 !Hi. 3 117.8 112.9 143.5

IU7. 5 118.7 114.3 120.1 113.0

128.2 118.2 103.6 138.7 147.6 129.0

116.9 144.3 133. 3 191. s 127.3

119.2

!17. 0 121\.3 120.5

105.4 144.5

90.6 99.2 76.1 87.6

108.8 117.4 113.5 113.0 101.4

127.2

110.0 123.7 93.2 t\1. 5

105.3 128.2

112.9 123.7 100.7 107.8 117.2

!22.R 103.8 123.9 89.6 69.3

1959

J~~l~- I F;~~u-1 March I April I !\lay I June I July

245

2!.1 2fi7 238 !.52 199

211 218 129 499

270 264 328 161 200

276 '287

268

298

82

123.8

12!1. 4 121.5 116.2 117.8 112.4 143.9

106.7 119.0 114. I 121.7 113.8

128.2 118.2 103.2 138.8 148.0 129.4

117.0 144.1 133.1 191.8 127.3

119.5

US.! 126.3 120.8

105.7 144.7

91.5 102.5 76.1 90.3

108.7 117.5 113.0 110.8 103.3

127.5

110.2 124.0 93.0 59.9

107.6 128.2

113.9 125.3 100.7 112.7 118.2

123.3 105.0 124.1 89.1 70.2

COMMODITY PRICES

243

218 268 238 !54 203

225 221 123 505

265 258 322 159 197

275 288 267

297

82

123.7

121). 7 121.4 116.0 117. t\ 112.2 144.2

106.7 118.2 114.0 121.2 112.6

128.5 118.5 103.8 139.0 149.0 129.8

117. 1 144.3 133.3 191.8 127.4

119.5

98.0 126.5 120.7

105.5 145. I

91.1 105.9 77.0 88.4

107.6 117.7 113.0 110.6 100.9

127.8

109.9 123.7 93.0 58.9

107.5 128.4

114.8 126.2 100.8 112.0 ll9. 5

123.3 104.8 124. I I 89.1 70.2

244

220 2f\4 254 15.1 205

218 223 117 505

204 249 327 !54 197

276 287 2()7

298

82

123. 7

12n. n 121.4 115.9 117.4 112.5 144.4

107.0 117.7 113.8 120.7 111.3

128.7 118 .. 5 103.8 139. 1 149.2 129.7

117.3 144.9 134.0 192.0 127.3

119.6

98.9 121\. 7 120.6

105.6 145.4

90.8 93.6 77.7 91.1

107. 2 119.0 113.0 111.2 99.6

128.1

109.8 123.6 92.8 t\0. 3

107.5 128.4

115.0 124.6 100.9 113. I 119.9

123 .. 5 105.0 124. I 89.7 69.6

244

223 2!\1 204 ltH 205

210 225 13., .108

261 240 331\ 13fl 220

27() 287 269

299

82

123.9

127. 1 121.5 115.9 117.4 112.6 144.8

107.0 117.6 112.9 123.6 111.5

128.7 118.2 103.8 139.3 149.6 130.0

117. 7 145.3 134.4 192.6 128.2

120.0

\)9. 6 127.2 120.8

106.2 145.4

92.4 114.2 79.7 91.9

107.2 118.9 112.0 110.6 100.8

128.3

110.0 123.9 92.9 f\0. 4

107. r, 128.3

114.0 119.3 100.8 108. 6 119. 4

123.4 105.1 123.4 89. 7 69.6

245

230 2.54 269 Jf,3 205

223 230 217 .108

258 232 338 126 240

276 288 2fJ8

299

82

124.0

127.3 121. t; 11.1. 9 117.4 112. 7 145.2

107.3 117.7 112.6 125.6 111.6

128.8 118.7 103.7 139.3 150.2 130.7

117.8 145.4 134.5 192.7 128.4

119.9

98 .• I 127.4 120.6

105.8 145.8

90.8 107.0 78.6 90.6

107.7 119.5 111.7 110. 4 101.4

128.4

110.0 123.8 93.1 60.4

107.5 128.3

113.4 118.9 100.9 109.9 118.3

123.5 105.0 123.7 89.7 69.6

242

229 213 26{\ 163 199

223 228 297 509

252 229 329 124 241

276 288 267

298

81

124.5

127.5 122.2 116. f\ 118.2 112.8 145.4

107.3 118.9 112.3 134.5 111.6

128.9 119.3 104.1 139.5 1.50. 6 131. 1

118. 1 145.9 134.9 192.7 129.2

119.7

98.1 127.1 120.5

10.5. 2 146.1

89.8 100.9 78.2 89.5

108.1 119.2 111.9 Ill. I 101.9

!28. 2

110.0 123.8 93.4 58. 4

107.6 128.3

111.2 119.8 100.8 106.8 115.0

123.6 104.9 124.0 89.9 69.6

240

226 21.5 287 161 200

200 222 232 503

252 239 314 139 248

275 289 266

298

81

124.9

127.9 122.7 117.0 118.7 113. 1 145.8

107.5 119.4 113.3 130.8 112.0

129.0 119.5 104.0 139.6 1.>1. 0 131.3

119.1 146.3 13.1. 2 194.2 130.8

119. 5

91l. 4 127.2 120.5

105.0 14f>.l

8S. 4 98.5 78.2 84.8

107. 5 119. ,\ 113.9 110.6 99.3

128.4

109.9 123. g 93.7 55.3

107.4 128.3

111.1 121.1 100.8 105.8 114.8

123.8 104.4 124.2 90.3 70.9

Febrnnry lDGO

.\ugust I Septem-1 Octoh ·I :\ovem-1 ll••ccm·l her 1

01 1

her her

239

221 214 281 I.o9 201

211 214 164 504

2.>4 2.,1 314 139 249

275 288 2fill

297

80

124.8

128.2 122.4 116.6 118.3 112.8 146.3

108.0 118.3 114. I 125.6 109.9

129.3 120.1 103.6 J:l9. 8 151.4 131.7

119. I 146.7 135 .• 5 194.9 131.1

119. 1

H5.tl 127.0 120.2

104.4 146.2

87.1 92.8 77.7 83.1

105.8 119.5 114. 7 107.9 94.8

128.4

109.7 123.7 93.6 53.8

104.8 128.3

112. 2 122.0 100.6 109.2 111\. 2

123. ,) 104.4 124. 2 89.8 1

70.1 '

239

220 214 280 lfi6 198

230 204 146 510

25fi 265 307 143 244

274 288 265

297

80

12.1. 2

12S.. "j 122.9 117.0 118. 8 112.8 146.9

109.0 118. 7 115.5 124.1 110.4

129.7 121.6 104.0 140.0 152.2 132. I

119.6 146.4 135.3 194.9 131.5

l19. 7

95.9 126. H 121. 4

10.5.0 146.4

88.9 103.1 76.2 82. 1

107.8 119. 5 116.2 106.9 99.7

128.4

109.9 123.8 93.7 55.0

105.2 128. :l

111.9 12:l. 0 100.8 112.8 115. 1

123. 4 104.3 124. I 87.7 70.1

23.~

219 241 274 14\l 203

214 208 147 505

248 273 291 138 235

275 290 2tH

2\1(\

125.5

129.2 123.2 117.3 118.8 113.6 14i. 3

109.4 118. 4 116. 1 124. 5 109.0

130.1 121.7 104.1 140.4 1.52. 5 132.5

119. 7 148.5 137.4 195.9 131.6

119.1

!l4. 4 127. 1 120.5

104.2 146.4

86. r, 102.2

71"1. 7 78. f)

106.4 120.4 116. 7 107.4 95.1

128.4

110.0 123.9 93.8 !i4. 5

106.3 128.3

111.4 123.6 100.7 Ill. I 114. ii

12:!. 3 103.9 124.4 87. 7 69.5 I

230

216 22R 260 150 206

199 2lfl lf\5 504

243 279 27S 139 230

275 291 264

297

77

129.;) 123. I 117.2 118.6 114. I 147.6

109.4 117.9 116.0 123.4 107.9

130.4 121.7 104.4 140. ·' 15.3.0 132.7

120.0 149.0 137.9 196.0 131.6

118.9

93.6 127.3 120.0

103. 7 146. 7

85.4 103.2 76. ,) 7.1. 3

104.9 120.4 117.7 106.4 90.8

128.5

110.0 1:13.9 93.8 fi2. 2

106.6 128.3

111.2 124.0 100.7 113.8 113.9

123.3 104. 1 124.:! S7. 7 69.2

228

217 20\8 2i14 149 206

198 21:; 174 191

z;*' 274 264 148 234

27.~ 291 264

297

1 125. ,j

12H •. ~ 123. I 117. I 118 .. ) 113.8 147.8

109.2 117.8 116.7 125.5 106.6

130. 4 122.7 104.2 140.8 103.2 132.9

120.4 1~. 7 137.5 197.2 131. 7

118.9

93.4 127. a 120.1

103.~ 146.6

'8.5. 9 107.9 76. 1 76.0

Jtl4. 7 120.4 118.1

'104.1\ 90. ;)

128.6

110.0 124.0 93.7 .'\(). 8

107.0 1~8:)

111.7 124.1 101.2

' 115. 5 114.3

123.2 '103. 8

124. '2 r ~7. 8

fWJ. '2

1960

Jan n­ary

231

21:1 26! 2--ti\ 1.11 20<\

202 21!) 18~ 48l\

2-t2 2fll~

2/S 1H 239

27.=) 290 21).~

77

119.3

94 .. 5 127. () 120.4

104. :; 146.8

811.,=) 10.5. 4 77.2 78. f)

10.5. ,=)

120.4 118 .. 5 104. i) H2. H

128.8

109.9 124.1 93.8 49. 2

108. :; 128.3

111.\l 12·1.1 101.3 116. 8 114.4

123.:; 103. 1 124.2 87. ~ 69.2

' Hevised. 1 Index based on 19;).5-39=100 is 209.8. tRevisions for 1952-!58 <neon p. 24 of the Novemher 1959 8rR\ E\. §RatiO of prices 1 eeel\ ed to p1tees pa1d (ltJeludmg mterest, tnxe::. and wage rates). *:0:ew serie~; data prior to A-:.1gust 1958 are available upon recp1est. 9 Includes data not sho" n sepnrately. Q":For :1etual \\ holesale p1 1ees of 111ct1nctuai com· modities, :;;ee respective commodities. 0Goods to users. including raw foods and fuels.

Fehrnary 1000 SURVEY OF CURRENT BUSINESS S-7

Unless otherwise stated, stati•tics through 1958 and~~ I . .1959 - --- - 1·

dl"scriptive notes are shown in the 1959 edition of I I b I I I I I I I R I I N' · I D ' J BllSINESS STATISTICS )ecem- Janu- Fe ru- March <\pril May June Tuly \n~ust .. eptcm- October " O\em- ec<nl- anu-1

1 her ary ary · ' ·

1

h~r ' her bi'r ary

1960

COMMODITY PRICES-Continued

WHOLESALE PRICESd'-Continued I r. i'. Department of Labor indexes-Con.

Commodities other than farm, etc.-Con. II ides, skins, and leather products \1.1947-49= 100 .. 103.6 104. I 105.4 108. 5 117.8 118.5 1!8. 9 119.3 119.7 119. I 116.2 Ill. 7 '112. 3 1!2. r. Footwear _________________________________ .do ____ 123. I 123.2 123.3 123.6 128.2 129.5 130.2 130.6 132.3 132.3 133. 5 133.8 '134.1 134.2 llides and skins ___________________________ do ____ 66.6 68.7 73.0 87.7 108.5 98.6 106.7 107.7 106.9 102.4 87.5 67.2 73.8 76.7 Leather ____________________________________ do ____ 99.2 99.3 101.0 103.6 120.4 124.5 120.1 1!8.7 117.3 117. 1 1!2. 2 103.8 103.5 105.;; Lumber and wood products _________________ do ____ 1!9. 8 120.5 122.5 124.2 126.3 128.2 128.9 128.3 128.5 127.2 126.2 124.3 '124. 8 125. n Lumber ___________________________________ do ____ 120.1 121.0 123. I 12.o. 5 126.8 128.9 130.4 129.9 130.3 129.3 127.9 125.8 '125. 9 126.0

;\fachinery and motive products 9 __________ do ____ 151.5 151.8 152. n 152.2 152. 1 152.5 153.0 153.6 153.8 153. 9 153.7 153.6 153.7 153.8 Agricultural machinery and equip _________ do ____ 142.9 142.9 143.0 143. 1 143.0 143.5 143.5 143.4 143.4 143.5 143.4 '143. 9 '144. 0 144. ;j Construction machinery and equip§ _______ do ____ 170. I 170. 7 171.2 171.7 171.8 171.7 171.7 171.8 172.0 172.4 172.5 172.9 172.9 173. ti Electrical machinery and equipment. _____ do __ --~ 152.4 152.6 152.5 153. 1 153.0 154.1 154.2 156.1 155. 8 156. 1 155.9 '156. 1 '155. 7 l.o5. 9 Motor vehicles._---------------------- ____ do. ___ 143.1 143. I 143.2 143.2 143.2 143.2 143.2 143.2 143.2 143.2 141.9 141.6 141.6 141.6

;\letals and metal products 11----------- _____ do ____ ! 153.0 152. \) 153.4 153.6 152.8 153.0 153.3 152.7 152.8 153.8 154.5 156.8 '155. 2 155.6 Heating equipment_ _______________________ do. __ -~ 121.8 121.8 122.0 121.9 121.7 121.7 121.7 121.7 121.6 121.4 121. 5 121.5 121.6 121.3 Iron and steeL _____________________________ do ____ 171.7 172.0 172.5 171.9 17{). 8 170.4 171.3 171.8 171.9 172. 4 173.1 173.6 '172. 2 172.4 X onferrous metals ... --------- _____________ do. ___ 133.2 133.2 134. 1 136.1 134.7 136.2 136. 1 133.8 133.9 136.1 137. 2 141. I 140.7 142.2

:Nonmetallic minerals, structural \? __________ do .... 136.9 137.2 137. 5 137.7 138.3 138.4 137.4 137.5 137.4 137.5 137. 5 137.7 137.8 138.3 Clay products _____________________________ do ____ l 158.8 159.3 159.6 159.9 160.0 160.1 160.4 160.6 160.5 160.5 160.4 160.6 160.7 161.2 Concrete products ... _____________________ .do. ___ 128.4 128.6 129.0 129.3 129.4 129.7 129.7 129.9 129.7 130.2 130.3 130.3 '130. 4 130.7 Gypsum products _________________________ do. ___ 133.1 133.1 133.1 133.1 133.1 133. 1 133.1 133.1 133.1 133.1 133.1 !33. I 133.1 133.1

Pulp, paper, and allied products _____________ do ____ 131.3 131.5 131.7 132.0 132.2 132.0 132.3 132.4 132.3 132.4 132.5 132.3 132.4 132.4 Paper _______________ ----- _________________ .do. ___ 142.1 142.1 142.1 142.1 143.3 143.3 143.3 143.6 143. 7 143.8 144.3 144.3 144.3 144. s Rubber and products ________________________ do ____ 145.6 145.2 145.4 146.0 146.7 148.0 146.6 146.4 141.0 142.0 142.3 '144. 9 '142. 5 143.5 Tires and tltbes ____________________________ do ____ 152.8 151.9 151.9 151.9 151.9 151.9 150.0 150.0 134.3 134.3 133.3 133.3 133. ~ 133.3

Textile products and apparel\? ______________ do ____ 93.3 93.3 93.7 93.9 94.1 94.5 94.9 95.3 95.7 95.9 95.9 96.a 96" 9fi. 7 ,/ AppareL _________________________________ .do. ___ 99.3 99.3 99.3 99.3 99.3 99.6 99.6 99.9 100.4 100.6 100.6 100.9 100.9 100.9 Cotton products.----------------- _________ do ____ 88.6 88.7 89.6 90.2 90.3 90.8 91.6 91.9 92. 1 92.6 93.0 94.0 95.0 95.9 Silk products _____________________________ .do ____ 105.1 104.7 109.3 112. 1 113.6 114.0 114.2 113.4 113.7 113.2 114.2 117.4 121.7 122.0 Manmade fiber textile products. __________ do ____ 79.4 79.3 79.8 80.1 80.6 81.0 81.5 82.2 82.3 82.1 81.0 81.4 81.3 80.0 Wool products. __ ------------------------ .do ____ 97.5 97.3 97.6 97.7 99.4 101.1 102.2 103.3 104.3 104.7 104. 1 103.7 '104. 2 103.9

Tobacco mfs. and bottled beverages \1. ______ do ____ 128.6 128.6 128.9 132.1 132.2 132.2 132.2 132.2 131.9 131.8 131.7 131.7 131.7 131.8 Beverages, alcoholic _______________________ do ____ 121.7 121.7 121.7 121.7 121.7 121.7 121.7 121.8 121.0 120.9 120.7 120.7 120.7 120.8 Cigarettes _________________________________ do ____ 134.8 134.8 134.8 134.8 134.8 134.8 134.8 134.8 134.8 134.8 134.8 134.8 134. R 1:J4. 8 ;\1 iscellaneous. _____________________________ .do. ___ 100.9 100.8 98.5 97.0 98.8 95.2 91.0 92.9 92.0 88.6 91.8 93.7 94.2 95.8 Toys, sporting goods._---------- __________ do ____ 118.6 117.8 117.9 117.2 116.9 117.0 117.0 117.5 117.7 117. 7 117.7 117.7 118.0 117.li

PURCHASING POWER OF THE DOLLAR

As mr-nsnred by-Wholesale prices._--------- __________ .1947-49= 100. __ 83.9 83.7 83.7 83.6 83.3 83.4 83.5 83.7 84.0 83.5 84.0 84. I S4. I I 83.8 C'onH1mer prices.~.-------------- _____________ do ____ 80.8 80.8 80.8 80.8 80.7 80.6 80.3 80.1 80.1 79.9 79.7 79.6 I 79.7 ---------

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACEt

K ew construction (unadjusted), totaL •... mil. of doL 4,109 3, 712 3,506 3,840 4,284 4, 755 5,160 5,258 5, 265 5,102 4, 880 '4,421 '4,073 3, 747

Pri,·ate, total 11--------------------------------do ____ 2,900 2,582 2, 474 2, 714 2,999 3, 287 3,523 3,647 3,657 3, 574 3, 460 '3,302 , 3,062 2. 747

Residential (nonfarm)'¥ ---------------------do ____ 1, 679 1, 471 1.374 1. 562 1, 799 1, 972 2,096 2, 151 2, 134 2,105 2,036 'I, 904 , I, 718 1,f>OI :\'ew dwelling units _______________________ do ____ 1,329 1,170 1,080 1, 230 1, 370 1, 473 1, 583 1,625 1,622 }, 619 I, 565 I, 457 'I, 322 1,140 Additions and alterations __________________ do ____ 291 243 238 276 372 438 448 458 441 416 403 '378 '324 291 Xonresidential buildings, except. farm and public

utility, total 11---------------------mil. of doL 716 655 636 625 627 687 762 801 811 773 770 790 789 757 IndustriaL ___ -------------- ______________ .do ____ 168 165 160 154 150 154 161 167 175 166 171 185 200 209 CommerciaL __ ----------------- ___________ do ____ 310 273 268 270 276 320 364 379 369 352 348 354 341 310

!~arm construction. ___ ------------ _________ .do. ___ 94 94 103 115 131 155 173 187 197 183 155 136 121 liS Public utility __ -----------------------------do ____ 395 348 349 399 429 458 475 489 496 493 477 '449 '411 :ho2

Public, total----------------------------. __ ... do. ___ 1,209 1, 130 1,032 1, 126 1,285 1,468 1,637 1,Ml 1,608 1, 528 1, 420 '1, 119 'I, 011 1,000

C\J onresidential buildings ••• ------- __________ do. __ . 367 359 326 366 385 385 408 406 412 380 368 321 •319 324 :!\'1 ilitary facilities.----------------- _________ .do ___ . 118 107 91 100 119 144 159 127 133 129 117 '109 '97 94 1T i)<hway _______ --------------- _____________ .do. __ . 399 348 319 328 419 549 654 678 656 625 568 370 286 280 Other types._ -------------------------------do. __ . 325 316 296 332 362 390 416 400 407 394 367 '319 '309 302

Kew construction (seasonally adjusted), totaL .. do .... 4,424 4, 557 4,609 4,659 4,667 4, 713 4, 705 4,671 4, 566 4,427 4, 313 •4,221 '4,328 4, 572

Prh·ate, total'¥ --------------------------------do ____ 2, 988 3.065 3,097 3,158 3, 243 3,296 3,287 3,301 3, 260 3,196 3,129 '3. 085 '3. 144 3,262

Re,idential (nonfarm) __ ------------------- .. do .... j l. 733 I, 793 1, 812 1, 867 I, 952 1, 981 I, 939 I, 924 I. 875 I, 855 1, 81! , I, 748 r 1, 7ti0 1,841 Nonresidential buildings, except farm and public utility, total 11---------------------mil. of doL 699 691 694 685 688 716 742 764 772 734 718 731 769 1n1 Indnstrial _________________________________ do ____ 166 160 160 156 153 157 163 170 175 16R H\9 180 196 203 CommerciaL ______________________________ do ____ 300 304 308 305 311 334 344 351 347 329 318 317 331 345 Farm construction~ _________________________ do ____ 126 127 133 13() 138 141 145 148 152 153 155 158 161 155 Public utility _______ ---------- __ ----- ______ .do. ___ 412 436 442 454 451 445 447 449 444 436 423 '424 '428 441

Public, total 1?---------------------------------do ____ 1, 436 1, 492 I, 512 1, 501 1, 424 1, 417 1, 418 1,370 1,306 1,231 1.1841

'I, 136 T }, ]84 1,310 X on residential buildings ____________________ do. ___ 400 396 397 394 388 382 381 379 372 :J45 338 330 '345 3.57 ;\'I ilitary facilities. ___ ------------- ___________ do. ___ 13/i 127 125 133 143 144 I 139 113 113 102 95 '105 '110 112 Highway ____________________________________ do ____

539 600 613 596 517 513 511 514 475 443 418 381 381 483 r Revised. 1 If!dexes based O!' 1935--39=100 are as follows: Measured by-wholesale prices, 43.9 (.January); consunwr prices, 47.7 (December). d'f'<'C correspondmg- note on p. S-6. 9 Includes data not shown separately. §ll<'Yised hednninR with data for September 1955; unpublished re,-isions (prior to Xo,·ernbcr 1958) will be shown later. tReYisions for January-September 1958 are shown in the November 1959 issue of "Construction Activity" report of Bureau of the Censns.

S-8 SUHVEY OF CURHEXT HUSIXESS

Unless otherwise stated~ statistics through Ht'lS and ~~~~8 I descriptive notes are shown in the 1959 edition of DC'C'l'lll· BUSINESS STATISTICS hrr

CONSTRUCTION AND REAL ESTATE-Continued

CONSTRUCTION CONTRACTS

Construction contracts in 4R States (F.W. Dodge Corp.l: Valuation, totaL ......................... rnil. of doL.

Puhlic ownrrship ............................ do ... . Private ownl'rship ........................... do ... . By type of huilding:

Nonresidential __ -------------------- ______ do ___ _ ResidentiaL ............................... do ... _ Puhlicworks .............................. do ... . Utilities .................................... do_. __

EnginePring construction: Contract awards (ENR)§............... .do.. I

Highway concrete pavement contract awards:Q'I I

T~~f~ti~~~~~~~~~~~~~~~~~~~~:~:-~~~~~~~:':: ~~ ]f': I NEW DWELLING UNITS I

New permanent nonfarm dwelling nnits started: Unadjusted:

Total, privately and puhlicly owned. thousands .. I Privately own~d, totaL ................... do .. _-I

In metropolitan areas ____________________ rlo ____ , Puhlicly owned ........................... do .... l

Seasonally adjusted at annual rate: I Privatelv owned, totaL ................... do .. ..

RrsidC'ntial eon~truction authorized, al! pf'rmit-i~sning: plac<>s: I

~rw dwelling units. totaL _____ "------ __ thom::::mr1~ __ 1

Prh·ately financed, totaL ................... do .... l Units in 1-family strnetnres _______________ do ____ , l:Tnits in 2-family strnctnrf's ________________ do ____ l Fnits in mnltifnmily stn1cturrs ____________ do ___ _

Publicly financed, totaL ..................... do .... i CONSTRUCTION COST INDEXES

I Department of Commerce cornpositet .... 1947-49~ 1110 .. ,

1

,

American Appraisal Co., The: Average, 30 cities .......................... 1!l13~ltlO ..

Atlanta ...................................... do .. _. :\'ew York ................................... do ____ l

1

San Francisco ________________________________ do ___ _

A ss~~\;.~':j18eneraT C'oiit!actor; (a 11 ty-pes)~.·_:::~~:.:: E. H. Boeckh and Associates:, 1 Average, 20 cities: I

Apartments, hotels, and office hnilcling"

~~l~~ ~~~ ;::,~f:~~~::::::~:~~~~~,:~~-19:~~-2_9_';;~~0::1 Brick and wood ........................... clo .. ..

Commercial and factory hnildings: Brick and conerete ......................... do .. .. Brick and steeL ........................... do .. .. Brick and wood ......... _ .. , ............. do .. ..

Rii~~~~~~ ~ ~~~~~~~~~~~~~~~~~~ ~ ~~ ~ ~ ~: ~~::~~;:~~~~I Frame __________________ ----- ______________ cto ___ _

Engineering News-Record:0 Buildinp; ...... _ .. -------· .............. 1947 -49~ 100 .. Construction _______ ._ ......................... do ... .

Bu. of Public Roads-Hip;hwa~· construction: Composite, standard mile (av!(. for ~tr.) .. 1946~ 100 ..

CONSTRUCTION MATERIALS

Output index, composite, unadj. <;>Ell ..... 1947-49~ 100 .. Seasonally adjusted<;> EB ...................... do .. ..

Iron and steel products, unad.i ................. do .. .. Lumber and wood products, unadj.E!l ......... do .. .. Portland cement, unadj ........................ do .. ..

REAL ESTATE

Home mortgages insured or guaranteed by-Fed. Hous. Adm.: Face amount. .... thous. of doL. Vet. Adm.: Face amount. ..................... do .. .

F~deral Home Loan Banks, outstanding advances to member institutions ...... - ............ mil. of doL.

New mortgage loans of all sayings and loan associa-tions, estimated totaL .............. mil. of doL

By purpose of loan: Home construction .......................... do ... . Home purchase .............................. do ... . All other purposes ........................... do .. ..

N rw nonfarm mortgages recorded ($20,000 and under), estimated totaL ...................... mil. of doL.

Non farm foreclosures _______________________ num h('r __ Fire losses .............................. thous. of doL. 1

2, 282

887 1. 305

748 081 481

72

1. 352

10.261 794

6. 77.') 2. 692

91.2

8fl. 5 62.8

1.7

1. 432. ()

,. ml5 r fi7. 8

.50. 2 2. ~I

r 14. 7 r J. /

13!1

092 /,1)1) 741 641 071 504

29!1. 6 290. 7 287.4

311.2 :109 .. 1 287.8 283.2 295. ()

288.0 278.0

158.6 171.8

141.6

3 114. (\ 3132.9

108.2 3 118.\1

141. I

510,264 257,108

), 298

I. 136

376 488 272

2, 629 3, 522

100,523

2, 319

801) 1. 510

818 1. 022

372 108

1, 641

R. H64 2. 076 4, 7ifl 2. 114

87.0

84.1 .19. 7 2. 9

], 364.0

71.3 68.5 4\l. 0 3. 2

16.3 2. 8

2, 307

800 ], 507

704 ), 073

403 126

1. :l14

6. 7l>6 99(\

4, 531 1, 22(1

94.5

93.5 60.8 1.0

1. 403.11

72.3 71.4 .=i2. 5 a. 4

1.5. 4 . ~)

13!1 140

tW3 ()!l3 756 765 753 753 oil 1\41 672 672 ti05 ,)()()

am. 1 301.2 291.9 2!!2.1 288.5 289.3

312. 8 :J]2. 9 310.7 310.9 288.9 289. 5 284. ,) 285.7 29.\. 9 296. 0

289. 2 2\XI. 0 279. 1 280.2

1.58. 9 159. 8 171.9 172.5

116.1 124.2 109.8 121.5 111.3

585,280 276, 178

1,146

I, 013

317 442 254

2. 352 3. 801

112.983

114.3 129.5 110.0 119.0 100.0

506,322 238,320

1,101

1. 012

326 429 257

2, 245 3, 307

98, 120

3, 340

8!i9 2. 471

\l13 1. 541

478 408

1.64-1

7. 25.? 981

4. 333 I. 941

121.0

118. 1 so. 2 2. n

I. 403.0

J(l\1. B 108. 4 81.4

.). 5 21.!)

1.2

140

!)\14 76R ltl3 fi41 fi72 507

301.4 2!12. 2 289.5

313.0 311.0 289.7 286.0 296.1

2911.2 280.4

160.6 173.2

140.8

137.6 142.7 140.0 131.4 145.5

529.826 260,493

1. 087

I, 257

439 515 303

2, 586 3. 933

99,610

3, 778

I. 207 2. 571

1. 187 1. 831

f\38 122

I. 905

Rlil 848

5. 115 3. 207

142.2

137. 4 93.3

4. 8

1. 434.11

122. \) 119. 1 88.4

5. 3 25. ~) 3. 8

3, 5421

I. 094 2. 447

1. 1172 1. 6ii

632 161

1. 9117

!l. 338 809

,\,(1]/j

3. 515

l. :170.0

HO 141

6\l6 ';"11:1 76R 771 7.5:1 7.~4 644 f\58 672 fiRS 5119 511

302.8 3114.7 21 13. f) 295. 2 290.11 292.3

314.7 316.7 313.0 314.7 290.8 292.3 287. 7 289. I 2\lS. 6 2911. 9

291.6 293. 1 282.0 283.3

161. 0 !62. 2 174. ,) 175.5

149. 9 147. 5 160.8 142. 6 174.0

490, 161 230,597

1. 183

1. 359

480 56Z 317

2. 776 3, 841

90.689

152.1 141.9 162.1 141.5 200.0

477. 597 211, 489

1, 246

1. 434

522 601 311

2, 768 3. 876

81.597

3, 659

], 167 2. 4\!2

\. 055 1. 762

604 238

1, 877

10. 222 1.088 .1. 792 3. 342

136. 7

131.1 \10. 5 ii.6

1. 368.11

112.\1 10\1.4 85.2

4. 4 19. 7 3. 5

142

705 Til 755 6.58 688 516

307.6 297 .. 5 2\14.3

319.7 317.3 294.1 291.1 301.7

295.0 285.0

163.2 178.1

137. 1

161.6 151.1 191.2 144.3 200.1

520. 515 221,169

1. 537

1.5.15

554 674 327

2, 974 3, 946

77, 807

3, 657

1. 181i 2. 470

1.1\ll I. 6\lO

f>31 144

2. 482

11.734 977

6. 642 4. 116

128.8

127.2 87. 3

J.(j

1, 371i. 0

'102. !l '102. 1 '80. (;

4.1 17.4

.8

142

707 771 769 658 f\8!1 522

3il8. 4 298.2 295.0

320.5 318. () 2~4. 7 291.8 302.2

295.6 285.6

163.\1 179.1

136.1 140.0 10H.1 135.3 204 .. 5

523, 850 227.297

1, 557

1. 5211

520 6!15 315

3.100 3, 768

82. 334

3, 084

850 2, 234

961 ]. 551

458 114

1. 495

6. 971 464

2. 469 4. 039

129.3

125. 1 84. 1

4. 2

1. 340.0

97.4 90. 7 70.4

3. 7 !fl.6

.i

142

709 ill 769 659 Will :>22

~~~:~I 295.3 ! 321. () 318.4 2~5. () 2\12. () 302.5

296.0 285. [I

164.4 179.4

132.8 119.6 73.9

144.3 208.2

503,596 202,142

1.665

1, 421

472 662 287

2, 871 3. 494

74,660

3. 058

840 2. 218

LOOn 1. 4()0

:179 207

1. 538

(}, 703 28'l

:J. 000 3, 420

120.3

111t n 8<1. 4

3. 4

I. 323. II

9.). s ?2. 8 71 7 I :l. 9 i

17. 2 I 3. (I

113

70\) 772 iih f\60 ()89 f!2fl

309.2 298.8 295.5

321. 2 318.6 29.1. 1 292.2 302.6

29G. 2 28fi.1

164.3 179. 1

131.7 125.2 ll4.1

146.0 195.0

.510, 029 220. 711

1. 795

I, 374

450 645 278

2, 834 3. 421

83. 027

Frbrnal',\' 1~Hi0

I 3. 13.1 1

914 I 2, 220 I

1, 003 ], f.].\

455 161

I. 494

4, 6041

1

'-213 2, 5f),~ I

2. 252

I 10!\ .5 I 102.2 I 73. q : 3. 3

), 180.0

88.9 8fi.O no. !l

4. a II\. 3 2. H

142

712 778 778 fl69 690 52()

309.1 298.8 295 4

321.2 318.6 295.0 292.2 302.6

2%.2 286.1

163.9 178.8

130.8 115.2 65.3

151.2 186.2

2. 373

/01 1. n12

~01 I. 092

394 8fi

2. 224

ill 1. 513

1. 4.18 1' .~9(1

i'i. 315 390 1--.

2, ~102 2. 02:l

9(1, 7 r fl3. 9 '1. 8

'83. I r ,)~. ~~

.h

1. 210." ·]. 33(1_1,

C{l.; liS. 1 ,,]. :l 3 "

13. :, l.ti

I 309.1i ' 299.2 f

295. n 1

321.1; 1

319.0 ' 295.51 292.6 302.9 '

29(i. 6 i 28fi. 5 '

i 163." 1 1/8. [j I

310.1 :lOO. :; 296.:)

322.2 319. I)

291i. 1 293.2 303.8

297.3 287. 2

Jf\3. \J r 179. ;.;

138.2

--------!--------·

---i~iX'•:::::•:: 156.1 .........

523,314 447. 92S 4.'\0. 999 237, 577 219,605 241,176

1. 916 I. 963 2. 134

'· 329 1. osn 1. 094

465 373 377 590 48!\ 465 274 227 252

1, ~H.')

;,:z.-; 1.1

L :.?ln.o

:llo .. 1 3110.1i ;!l)t\. fl

:t>-2. i 320.0 :..~)li.3 :!!l3, li 3111.0

2~7. fi 2Si. ol

!ti4. :.l 179. -l

2,799 2,442 ................ ..

7i: 1 iio t · 78: :ssz · 1ii;: 44-i · • • • •: •: .. !

r Revised. J Includes contracts in Alaska and IT::nvaii; corn parable figure for January 1959 is $1,044 million. 2 .:\ep:ativr figure due to termination of contract rrfkcted in t·:tr!i~._·r dtiLt 3 Revisions for January-1\ovember 195S (1947-49~100): Composite-unadjusted, 111.1; 100.6; 112.2; 121.1; 133.5; 138.2; 128.7; 139.0; 139.3; 146.5; 120.6; seasonally a<ljtLsted, 119.3; u:5.7: I If•.•:

11F.9; 124.9; 129.1; 133.4; 126.4; 133.1; 129.7; 126.2; lumber and wood products---112.9; 105.8; 113.~; 117.3; 123.2; 120.5; 119.4; 132.9; 133.4; 145.0; 119.8. §Data for January, April, July, Octoher, and December 1959 are for 5 weeks; other months, 4 weeks. ci'Data for December 1958 and April, July, and September 1959 are fm .5 \\·eeks; other months, 4 weeks. tMinor revisions prior to 1958 are available upon request. ,Copyrighted data; see last paragraph of headnote, p. S-1. 0Data reported at the beginning of each month are shown here

for the preYious month. <;> Includes data for items not shown separately. Ell Revisions for 1955---57 for the composite index of construction materials output and for lumber ani woo• I products are in the September 1959 SURVEY (p. 20).

February 11)60 SURVEY OF CURRENT BUSINESS 8-9

Unless otherwise stated, statistics through 1958 and ~~~ deSf'riptive notes are shown in the 1959 edition of Decem-BUSINESS STATISTICS ber

ADVERTISING

Printers' Ink advertising index, seas. adjusted: Combined index ______________________ .1947-49= 100 ..

Business papers __ -------------------- ______ .do .. __ J\1agazincs_ ------------------------ _________ do. __ _

N cwspapers ______ ------------------ ___ --- ___ do __ -_ Outdoor __________________ ------ _____ - __ .- ___ do ___ _ Radio (network) ___________________________ do ___ _ Television (network)_------------ ___ 195Q-52= 100

Television advertising: Network:

Gross time costs, totaL _____________ thous. of doL Automotive, in{'luding accessories _________ do ___ _ Drnl"s and toiletries _______________________ do ___ _ Foods, soft drinks, confectionery __________ do ___ _

Soaps, deansrrs, etc __ ----------- ··---------do ___ . Smoking materials ________________________ do ___ _ All other __________________________________ do ___ _

Spot: Gross time costs, r]Uartrrly totaL ____________ do ___ _

Automotive, including accessories _________ do ___ _ Drugs and toiletries. ______________________ do ___ _ Foods, soft drinks, confectionery __________ do ___ _

Soaps, clf'ansers. etc _______________________ do ___ _ Smoking materials ___ ---------------------do_--· All other ____ ------------------------------do._

Magazilw aclwrtising: Cost, totaL _____________ --------------------- .do ___ _

Appnrd rmd arcrssories_ --------------------do ___ _ Automotivr, incl. accessories ________________ do ___ _ Building materials _________________________ _do ___ _ Drugs and toiletrirs ________________________ .. do ___ _ Foods. soft drinks, confectionery ___________ .do ....

Brrr, wiTH\ liquors ___________________________ do __ _ Housrholcl equip., supplies, furnishings _____ do ___ _ Indnstrl:1l nwtf'rinls ______ --------------- ____ do ___ _ Soaps, clransrrs, rtc _________________________ cto ___ _ Smoking rrwtcrials __ ------------ ____________ do ___ _ All otll<'r ____________________________________ do ___ _

Linage, totaL ________________________ thous. oflines ..

2ll 218 lf>l

181 145 28

447

53,939 3, C.42

!.5, 408 11,874

5, 554 6,031

11,430

149,105 l, 936

30, fo96 52,191

18,261 5. 800

40.221

54, 2tll 3, 479 4, 831

69.5 4, 922 7,141

n, 399 3, 047 2, 708

499 2, 3()()

17, 574

3, 637

Newspaper advertising linage (52 cities), totaL __ do ____ 230,978 Classitie<L ____________________________________ do____ 45, 79fo Display, totaL--------------------------------do ____ 185,182

Automotive _____ --------------------- ___ - ___ do. __ _ FinanciaL ___ --------------------- ______ - ___ do .. __ GrnernL _________ -------- _______________ - ___ do .. __ _ RetaiL ______________________________________ do. __ _

PERSONAl, CONSUMPTION EXPENDITURES

Seasonally adjnstrd quartPr!y totals at annual ratrs: Goods and services, totaL _______________ . bil. of doL.

Dural>lP goods, total '1----------· ----------- do ___ _ Automobilrs nnd pnrts ____________________ rlo ___ _ Furniture· and household Cr]nipment_ _____ do ___ _

Nondurable goods, total?-------------- ____ do ___ _ Cloth in!!: and shO('s ________________________ do ___ _ Ji"'oort and n]eoholic bevE>rages _______________ do ___ _ Onsolille nnd oil ___________________________ do __ _

Sf'rviccs, t(,tt11 9 _____________________________ do ___ _ H ousel10ld operation ______________________ cJo. __ _ H ousin~--- _______________________________ do ___ _ Trnnsportntion _____________________________ do ____ _

RETAIL TRADE All retail ~(ores:

8, 458 4, 264

24,451 148,008

299.1

39.8 15.7 17.8

!43. 6 2G. 6 77.0 10.7

115.7 17.2 3(). 0 H.2

Janu­ary

215 232 162

168 l3S 28

444

52,071\ 3, 884

15,370 12,064

5, 453 6, 764 8, 541

'11, 070 I, 767 4, 950 1, 005 3, 740 5. 578

l, 713 2, 271 2, 451)

394 1, 777

15,421

4, 069

193,525 51,738

141,787

8, 853 5 721

22; 058 105,155

F';7.~u-l March I April I May

DOMESTIC TRADE

219 225 165

177 !54 24

461

48, 881> 3, 632

13,863 10,848

1>,·121 6,112 9,010

56,400 2, 935 4, 644 2, 783 5, 827 9, 071

2, 965 3, (i81 2, 894

880 2. 2\!0

18,429

4, 510

196,096 50,742

145, 353

9,172 3, 598

27,607 104,976

219 232 IS7

181 127 28

474

.55.550 4, 009

15, 468 11,643

6.123 7,025

11,290

156.419 I, 8](;

33,03\l 54, 125

21,268 8,109

38,062

70,080 4,888 7, 428 3, 317 fi, 723 9, 14!;

4,32!\ 5, 30n 3, 8Hi l, 322 2, 42()

21, 3S4

5, 320

236, 459 1>9, 326

177, 134

12, !50 4, 801

30, 720 129, 463

303.9

41.3 17.2 17.7

145.3 26.7 77.8 11.0

J17. 4 17.3 39.6

9. 3

230 232 164

205 !57 36

467

r 52,126 4,1M

13,874 '9, 999

6,019 6,059

12,022

73,862 5, 244 7, 973 4, 635 6, 038 8, 042

3, 931 7, 674 4, 40!! ], 392 2,082

22,441

5, 278

255,002 fi3,152

191, 850

Hi, 710 4, 7S:l

35,590 135, 767

226 243 165

198 165 30

458

5, 459 6,138

12,013

73,922 5, 042 8, 437 3, 724 6, 501 8, 316

4, 19S 1, 797 I 4, 690 1, 04(; 2, 3()6

21,809

4, 747

263,821\ fi8,279

195,547

16, 603 4, 091

35, 73S3 139.115

Estimated sales (unadjusted), totaJ. _____ mil. of doL. 21,174 16,225 14, 9G! 17, lHO 17, 589 18, GOO

Dural'le goods stores9 ---------··-------------do ___ _ AutorPotivc group __________________________ do ____ _

1Vfolor-vC'hick, otlwr rmton'otlvr dealers_ do .. __ ':rire, battery, nceessory rlcalers __________ cto ___ _

Furniture and npp1innc<' rroup ____________ do ___ _ Furniture, homf'fnrnishinp:s stores _______ do ____ _ Hmlsf•hold-npplian~e, TV, radio storrs __ do ___ _

Lun1lwr, building, hardvyr~rr ~:-roup ________ do ___ _ Luml1n·, building-n::.aterinls drDlers ______ dcL---I-I ani wnro stores _________________ ------- _do ___ _

Nondurable goods stores 9 _________________ .do. __ _ Appnn•l gronp _____________________________ do. __ _

MC'n's and boys' wear stores _____________ do ___ _ \Y0If!('!1'S fl[lJKtre1, HCCC'f'SOfy storcs _______ do ___ _ Family and other appnrf'l stores _________ do ___ _ Sho0 stores ____ ------------ _____________ do ___ _

6, 390 3, 214 2, 9(;3

24\J

l,l7H 723 453

91\1 G31 283

14, 784 1, 8.)4

391 744 45\1 260

5,121 3,017 2, 85(i

](jJ

784 -181) 298

HU7 523 174

ll, 104 8(;8 172 359 183 !54

4, 927 2,899 2, 748

151

74() 475 271

684 517 ](,7

10, ~~~ l3S 322 !GO 130

r RevisPd. 1 Advance estimate. ? Ineludrs deta not shown separately.

5, 831 3. 41<4 3, 21i3

181

808 521 287

844 651 193

11, 359 I, 101

171 45S 257 218

6, 2081 3, 5(i~i 3, 34•1

217

8:1!! 555 281

I, 041 796 245

11, 381 9\lfi 17H 417 218 182

o. 435 3, (i9fi 3, 472

224

8(19 585 314

1, 093 830 2G3

12, 1f>5 l, 128

2i3 4Gl 246 208

1959

.Tune I July

225 235 171

200 !5!i 27

471

'48, 08fi 3, 40f>

'14, 415 '9,353

5,323 5,829

'9, 759

l.o8, ~04 5, 744

2H,4m .11. 023

23,322 7, 770

44, 554

66,405 2, 669 7, 645 3 4?3 7:351 9,128

4, 224 5, Hfi3 4. 423 I, 002 2, 540

18,031

4, 067

236,972 G3, 280

173, ()82

IS, 614 5, 212

31,373 121,584

311.2

44.1 18.8 18.8

147.7 27.8 7!1. 0 11.1

ll9. 4 17. (', 40.3 9. 3

233 226 185

217 !59 24

474

'47, 544 3,000

'13. 931 '9, 601

'5, S97 6,189

•9, 226

46,054 fi83

4, 870 I, 674 5, 566 7, 926

3, 587 3,014 3, 675

60S l, 882

12,569

3, 420

220,351 63,390

156, 961

14,398 5, 035

25,831 Ill, 698

1

1960

I Aurrust ISeptem-1 October I ~ovcrn-~1 :D;c~;~~ - Janu-

~ her bcr ber at y

222 235 !7.o

208 165 19

437

'46, 641 3, 271

'13,404 8, 971

'5, 153 6,352

'9, 490

51,025 4. 483 4, 250 I, 404 5, 1S7 8, 292

3,127 3, 554 3, 539

479 2,448

14,292

4, 603

234, 381 (i7, 880

166,501

12.959 3,39\J

24,390 125,754

230 241 173

216 149 20

462

48,269 3,107

13, 52S 8,679

242 242 195

213 188

24 484

59,031 '5, 407 16, 525 11,921

5, 622 6, Oll 5 996 6, 020

11:339 ' 13, 147

69.709 7, 482 3, 828 4. 778 6. 32,o 7, 782

4. 135 6, 002 4. 826

691 2. 518

21,343

5. 434

246.914 61,199

182,715

12, 245 4, 014

32,411 131,045

313.3

43.6 18.2 18 9

14~.0 27.8 78.8

II. 31 121.6 11. s 1

41.0 9. 5

90,211 5, 846

12,806 3. 603 7, 839

11,036

5, 523 9, 014 5, 977 1,075 2,354

25,138

5, 792

271. 2S5 64,780

20o, 474

18, 409 4, 780

38, 403 144,882

224 244 184

167 !58

21 492

58,138 4, 978

15, 704 10,922

5,364 6,108

15,062

86,117 5, 424 9,483 2, 514 8, 235

11,807

6, 014 7, 6S5 5, 733

942 2,237

26,074

5, 24-l

2.19, 509 ,)9, 382

200, 127

9. 757 4, 28()

32, 9'27 153, l.o8

60,820 3, 444 4, 3:l2 I, 101 6,147 8, 905

7, 51.5 5, 010 3, 794

547 2. 3o5

17,661

4,061

250,948 51,416

199,532

9,310 4, 985

21\, 538 1.58, 703

317.0

42.8 17.2 18.8

1fi0.1 28.3 7D. 5 II. 4

124.1 18. l 41.8 9.6

18,708 18,332 18,054 17,570 19,095 17,63.o •21,45,1 IJ1i.OS3

6. 8211 3 880 a: G4I

239

~17R {)]9

35U

I, 138 87G 262

11,882 I, 077

226 410 242 199

6, 419 3, 579 3,343

23G

916 574 342

1, 135 kP5 240

ll, 913 925 !84 35G 214 171

6, 240 3,410 3, 178

232

942 59() 346

I, 092 8ti3 229

11,814 958 172 378 230 178

5, 708 2, R78 2, r.G8

210

921 573 348

1, 093 8()5 227

11, R(i2 1, 120

l?O 428 275 227

6, 420 3, 521) 3, 293

227

988 623 3G5

1,104 861 243

12,675 1,188

220 471 298 209

5. 5G2 2, 8117 2, ~~ki

211

992 634 3:,8

9"5 736 219

12 133 1:170

2:)7 4Sl 294 188

'6, 02~ '2. 723

2. 4~6 2H7

'I, 22D 7·1S 481

981 6U2 2k[l

I 4, UOJ I 2, 90S

r 15, 42\) 1 11, 17\1

' 1, 97.; I ' 93;; 4:12 ---------77(i ---------4U7 ---------270 ---------

S-10 SUHVEY OF CURHENT BUSINESS

llnless otherwise stated, statistics through 1958 and ~~-~ deSf'riptive notes are shown in the 1959 edition of nrcem-. BUSINESS STATISTICS he~

RETAIL TRADE--Continued All retail stores-Continued

Estimated sales (unadjuste<l)-Continued Nondurable goods stores-Continued

Drug and proprietary stores .......... mil. of doL Eating and drinking places ................ do .. . Food group .... ____________________________ do .. .

Grocery stores ________________________ .... do. GR.soline service stations ... ________________ .do

General merchandise group?···-··-·-· ____ .do .... Department stores, excl. mail-order. ..... do ___ _ Mail-order (catalog sales) ... _____________ do ....

Li~~~~~lo~~~~~~:::::::::::::::::::::::::::~g:::·

I

738 1. 243 4, 47.1 3. 947 1. 31\g

3, 35g 1, 9.12

234 ()49 596

1959

.June I .July

DO)IESTIC TRADE-Continued

.1))1 1, 1.18 4, 382 3, 914 1. 282

1.444 842 108 223 3M

li34 1,070 3, 869 3, 44.1 1.197

], 359 768 114 232 324

580 I. !.17 4,108 3. 658 I, 318

], 733 986 134 300 356

li59 I, 215 4,157 3, 714 1, 348

1, 774 1. 044

132 262 34.)

591 I. 336 4, 437 3, 966 1, 427

1,892 1,096

137 299 382

582 1, 372 4, 271 3, 797 I. 4.)\)

1. 879 1,107

126 301 373

579 1. 457 4, 481 3, 999 1, 516

1, 701 970 120 287 403

. 11960

I August I Septem-1 Oct h I ~ovem-1 DecPm-~ ~ her 0 er ber ber ary

587 1, 458 4,295 3. 823 1, 504

1, 843 1, 057

138 304 396

.)91 I, 378 4, 21.) 3, 746 I, 419

1, 917 I, 126

147 306 385

li08 1, 374 4, 594 4, 115 1. 462

2.107 1. 255

159 327 no

575 I, 276 4,173 3, 708 1, 433

2,190 1,302

203 327 397

'783 '1, 3.)() '4, !\98 '4, 158 'I, 437

'3. 552 '2,056

260 682 604

I 6(H 11,257 I 4, 317 I 3, 87J 1 1,336

'1. 481 '861

Estimated sales (seasonally adjusted), totaLdo.... 17,603 17,455 17,575 17,914 17,953 18,222 18,189 18,296 18,110 17,784 18,341 17,842 '17. 485 117,839

Durable goods stores?·-····-· ______________ do ... . Automotive group. _______________ ._._ ... _ .do ... .

Motor-vehicle, other automotive dealers_ do ... . Tire, battery, accessory dealers ... _______ do ... .

Furniture and appliance group._. _________ do ... . Furniture, homefurnishings stores .. _ ... _do ___ . Household-appliance, TV, radio stores .. do ....

Lumber, building, hardware group ________ do ___ _ Lumber, building-materials dealers .... _ .do. __ . Hardware stores.·----------·-········---do ... .

Nondurable goods stores? --··-···---------·-·do .. . Apparel group .... ________ .. ___ . __________ .do __ _

Men's and hays' wear stores .... _________ do ... . Women's apparel, accessory stores .. _____ do ... . Family and other apparel stores _________ do .. . Shoe stores _______________ .............. do ..

Drug and proprietary stores __ . __ . ______ ._. do .. Eating and drinking p\aces. _______________ do .. . Food group ..... ____ ._._ .. _________________ do .. .

Grocery stores. _________________________ do .. . Gasoline service stations ___________________ do ..

General merchandise group?-··--·-··---· .do .. . Department stores, excl. mail-order ...... do .. . :VI ail-order (catalog sales) ________________ do __ _ Variety stores_. __ ._. __ --···. ___ . ___ .. ____ do .. _.

Liquor stores ________ . _________ . _____ . ___ . __ do ....

Estimated inventories, end of month: Book value (unadjusted), totaL _____________ do ... .

Durable goods stores ______________________ do ... . Nondurable goods stores ___________________ do ... .

Book value (seas. adj.), totaL _______________ do ___ _ Durable goods stores 11--····-------------- .do .. .

Automotive group ........ -··--··------· .do ... . Furniture and appliance group. __________ do ___ _ Lumher, building, hardware group ______ do ... .

Nondurable goods stores \1 .... _____________ do ... . Apparel group .. ____ ·-···-------·-------·do ... . Food group ... ______ ·-·-····---···------·do ... . General merchandise group ______________ do.

Firn1s with 4 or nwre stores: Estimated sales (unadjusted), totaJ.. __________ do ... _

Firms with 11 or more stores:

5, 825 3, 256 3. 060

196

Xti8 ,)48 321

919 706 213

II, 778 1,101

199 446 261 196

580 1,243 4,242 :l, 772 J, 356

I, 887 I, 099

139 314 384

23,210 10,640 12, 570

23,980 10,810 4,150 1, 950 2, 300

13, 170 2, 680 2. 880 4,140

!3,023

Estimated sales (unadjusted), total? .......... do____ 5.17K

.-\pparel group\) ____________________________ do____ 434 :\len's and boys' wear stores_________ _ ___ do_____ 40 "\Vomen's apparel, accessory stores ________ do____ 192 Shoe stores._····--······-··-··-···-- ..... do.... 114

Drug and proprietary stores ........ _ ...... do.... 149 Eating and drinking places............. . .. do____ 75 Furniture, homefurnishings stores __________ do____ 47

General merchandise group?···---· ... __ ... do .... Department stores, excl. Inail-order _______ do_ .. __ Variety stores __________________________ .. do ___ _

Grocery stores ______________________________ do ___ _ Lumher, building-materials dealers ......... do __ _ Tire, battery, accessory stores ___________ .. do __ _

Estimated sales (seas. adj.), total '1--- ...

Apparel group?··------- _______ .. ···-·--· .. do ___ _ Men's and boy~' wear :stores _____________ do ___ _ \Von1en's apparel, accessory ~tores _______ do ___ _ Shoe stores ____________________ .. ··-·· do ... .

Drug and proprietary stores _________________ ,lo ... . Eating and drinking places. ____ --·--·--·--··do ... . Furniture, homefurnishings stores _________ do ___ _

General merchandise gro~.tp '1_-:-- ......... ... do .. --\ Department stores, excl. rnatl-order ........ do ....

1 Variety stores _____________________________ do ____ ! Grocery stores_________ _ _____ ·--- ____ do ____ l Lumber, building-materials dealers __________ do ___ -1 Tire, battery, accessory stores _______________ do ____ :

2 093 1:166

509 I. 6.)9

55 101

3, 789

258 20

Ill 78

]()I)

72 3\l

I, 135 651 243

], 597 ()5 72

5,836 3.258 3, 047

211

880 549 331

904 676 228

11,!\19 1,032

188 422 232 190

.579 1, 2H2 4, 243 3, 767 I, 367

1,826 1.077

136 297 376

23,400 10,920 12,480

24.190 II, 010 4, 420 I. 960 2,240

13,180 2, 740 2,890 4,130

3, 970

3, 420

179 16 74 .15

93 ti9 33

870 .124 ltl8

I, 676 48 62

:l, 727

240 19

!05 74

\18 75 40

I, 125 669 228

I. .57,) 62 80

5, 869 3, 249 3, 045

204

889 ,)62 327

979 745 234

11,706 1,082

197 450 241 194

569 1,243 4, 274 3, 806 1, 368

I, 855 1,072

144 319 387

24,030 11,210 12,820

24,120 10,970

4, 400 1,9ti0 2, 210

13,150 2, 730 2, 880 4, 070

3,608

3, 113

160 12 69 50

87 67 35

826 477 176

I, 470 48 .)9

3, 772

250 19

109 76

97 77 42

I, 14.) 666 242

1, il99 G4 79

6,045 3, 340 3.128

212

902 570 332

I, 011 782 229

11, 869 1.106

201 447 261 197

592 1,240 4, 320 3. 848 1, 376

1, 883 I. 078

143 320 400

24,680 11, 590 13,090

24.150 11, 120 4, .180 I, 940 2, 220

13.030 2. ti60 2, 890 4, 030

4.181

3, fi26

278 18

114 92

!l8 75 39

1, 063 614 233

1, 542 .\9 69

3, 805

251 18

106 81

101 77 41

I, 154 fi71 2481

I. 607

~?I

6,137 3, 396 3.175

221

918 fiOO 318

I, 047 799 248

11,816 I, 0.59

203 427 241 188

.579 1,283 4, 292 3, 836 I. 381

1, 93.) 1,110

149 307 388

25,270 11,930 13,340

24,460 11.290 4, 7fi0 I, 920 ~.230

13. 170 2, 720 2,?20 4. Ot\11

4. !HI

3. fi43

224 16 97 70

92 76 41

l, 088 fi73 201

I. 565 70 82

3. 815 1

2321 17

102 70

96 78 42

I. 198 716 236

I, f\02 70 83 '

'Revised. c Corrected. J Advance e . ..;tim:lte. ¥ Include:-; data not shown E'epnrately.

6,0!l9 3, 375 3.155

220

940 599 341

I. 034 787 247

12,123 1,154

228 454 273 199

592 !,304 4, 342 3, 875 I, 386

2,000 1.146

152 330 388

25,010 11. 940 13,070

24, ,)10 ll. 4!i0 1. 920 I, 940 2. 240

13, OliO 2, GVO 2. 930 4. 040

I I 4, 504 I

3. 932

259 20

113 82

99 80 39

1, 165 705 231

1, 697 76 S9

3. 935

2.56 20

109 78

101 79 40

I. 249 737 260

I. fi29 71 83

6,162 3, 476 3, 268

208

936 ti03 333

991 7.56 235

12,027 I, 100

217 435 260 188

596 I, 312 4, 300 3,833 I, 388

I, 961 I, 1.11

136 322 410

6,160 3, 454 3. 249

205

929 .)89 340

1,009 780 229

12,136 1,134

225 441 268 200

592 1,324 4, 289 3, 815 1,404

2, 030 1.186

146 337 411

24 640 24, 640 11: 830 I 11, 870 12, 810 12, 770

24,800 11, 6DO

5, 060 I, 960 2, 2()0

13,140 2, 720 2, 920 4, 120

4. 398

3, 832

2.\6 20

106 82

99 83 39

1,174 720 235

1.572 82 89

3, 897

253 20

108 75

!01 80 40

I. 233 748 253

1.610 72 77 ;'

25,090 11,900 5, 240 1,990 2, 300

13.190 2, 720 2, 960 4,1.10

4,316

3, 778

207 16 89 68

100 88 36

1.063 636 221

I, 679 82 88

3. 9h4

266 22

109 81

102 83 39

I. 289 778 261

l,fil9 72 80

6, 095 3, 350 3,135

215

952 ,193 3.59

988 758 230

12,015 1,096

217 437 257 185

600 1, 295 4, 305 3, 834 1,392

1, 989 1.183

150 315 398

24, G20 11, 370 13, !flO

24,800 ll, 620 4, \'30 2,010 2. 3oo 1

13 IX() 2:740 2. 9411 4, 170

4,298

3, 777

215 14 97 67

!l8 87 39

1, H\4 !\87 236

I, .)80 81 86

3, 972

254 20

107 74

103 81 39

1, 273 778 2471

1 ti35 71! 82 !

5, 7i3 3,105 2, 894

211

928 586 342

964 745 219

12,011 1,111

213 43,) 260 203

618 1,319 4,267 3, 7G8 1, 411

1, 958 1,142

149 323 39!;

6,360 3,690 3, 475

215

924 578 346

951 728 223

11,981 I, 080

203 433 252 192

li09 1,335 4, 294 3, 828 1,435

I. 940 1, 139

149 312 :l88

5, 682 2,961 2. 740

221

935 588 347

9il 755 216

12,160 I, 119

215 439 268 197

607 1,306 4,390 3, 916 1, 438

I, 966 !, 141

157 332 401

r 5,328 2, 667 2. 457

210

903 .)/0 333

988 773 215

' 12, 157 1,150

219 454 277 200

612 1, 3.5! 4,363 3, 886 I. 423

I. 991 1,157

154 :l27 3R6

I 5, 681

I \2.J5o

24. 270 ' 25, 130 ' 25, 170 i 23, 280 10,6fi0 11.130 10,950 JO,fi70 l:l. mo ' H,ooo , 14.220 12. 610

24, ~7o 1 · 24, 110 11. ;iQO 11, 590

4, 830 4, 960 2. 000 1. 990 2. 290 2. 290

'24, 200 ' 11,010

4,380 2,010 2,290

13,270 ' 13 120 '13, 190 2. 760 2: 700 '2, 710 2, 940 2, 920 2, 920 4, 220 ' 4. 130 ' 4, 130

I. 371

267 Ill

111 90

99 R4 38

I, 199 721 234

1, .562 so 78

:l. 929

2.59 19

110 81

103 81 39

I, 211 717 248

I. 649 68 82

4, 83tl

·1. 243

273 20

114 82

101 83 39

'1, 318 799 252

1, 807 77 88

3. 921

248 18

106 78

101 79 34

1, 214 726 244

1. 1)54 66 81)

4. 559

3, 995

269 23

113 76

98 76 41

1, 370 809 256

1, 558 65 78

'3, 934

258 19

lOB 82

104 79 37

r 1, 209 709 251

1,1\.52 67 S3

24,210 10,990

4, 2tl0 2,010 2. 320

13.220 2. 720 2, 950 4, 250

6. 24!-J

;,, 4~0

41\1 ---42

20.1 ---122 ..

!riO ___ _ __ 81 44

2. 220 I. 241

533 1. 794

58 10fi

3. 939

267 20 ..

llfl 81

10~ 78 37

1. 20.o 69~ 252

I, 651 68 so

Ft>bruary 1960 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1958 and ~~~ desrriptive notes are shown in the 1959 edition of Decem-BUSINESS STATISTICS ber

RETAIL TRADE-Continued

Dep:>rtment stores: Accounts receivable, end of month:t

Charge accounts .. __ ~- ______ --. _____ ... 1947-49=100. Installment accounts •.. -----~ ______________ do ___ _

Hatio of collections to accounts receivable: Charge accounts. _________________________ JlercenL_ Installment accounts. ____________ ----~~ _____ .do~- __

Sales by tyJle of payment: Cash sales~------------------Percent of total sales .. Charge account sales •..... __________________ _do ___ _ Installment sales.---------------------- ...... do. __

Sales, unadjusted, total u.s ____________ J947-49=100 ..

Atlanta. __ •...•••.•••. --··-------- •.•. _____ ~do._~ Boston _____ ------------------------------ __ .do __ _ Chicago ____ ------------------------------_--do_--_ Cleveland ____ ----------------------------- .. do.-.-Dallas~ ______ ------------------ ___ --------- __ do. __ _ Kansas City --------------------------------do._-_

Minneapolis ________ ------------------------ .do. __ New York ..... ----------------------------- .do. __ _

Kr~~~~J'~-~---:===== ======== =================~g=:: _ St. Louis. ____ ------------ __ .--------------_ .do. __ _ San Francisco _______________________________ do

Sales, St•asonally adjusted, total u.s __________ .. do.

A tlant'l •••• ____ ----- ___ -----. ___ --- .• ---- __ .do .. _-Boston --------------------------------------do. __ _ Chicago ____ -------------------- _____ ----- ___ do. __ _ Cleveland .. _---------------------------- ____ do.- __ Dallas ~ _____ ----------------------- ________ .do. __ Kansas City ____ --------------- _____________ .do. __ ~

Minneapolis.--------------------- __________ ~ do. __ _ New York.--------------------------------- .do. Philadelphia._----------------------- _______ do_. Richmond •• ____ --------------------------- do_ St. Louis ______ -------------------------- ___ .do __ Snn Franeisco_ ----------------- ______________ do

Stoeks, total U.S., end of month:t Unadjusted. ___________________ ~ ____________ do .. _ Seasonally adjusted .•. ______________________ do.

WHOLESALE TRADE

Salt•s, estimated (nnadj.), total ___ ~ _______ hil. of doL. Durable !(oocts Pstahlishmrnts. __ ~~ _ _ _ __ _ _ _ _ do __ _ :-::ondumhiP goods cstablishnwnts_____ do~

lllY<'lltorics, 1..•stimatcd (nnadj.), total Dura hlP goods l'StablishnwntR_ X ondnrablP goods Pstn hli~hnlt'nt~- __

<lo .. do do

235 391

49 15

44 43 13

251

'307 240 228 244

'276 261

227 23.5

'250 '285

250 '263

143

'178 132 134 139 160 151

136 133

'140 1-56

' 143 148

'135 150

12.0 4. 2 7. 8

JL(i 6.0 5. 7

1959

Janu- I Fehru-1 I . I I ary ary March Apnl May June I July

DO:\IESTIC TRADE-Continued

196 392

47 15

44 41 15

106

135 94 94 96

133 112

93 104 101 113 105 119

138

173 119 124 123 168 150

127 129 134 160 138 150

136 152

11.1 3. 8 7.3

11.8 6. 2 ii. 6

165 381

46 15

43 43 14

107

138 90 96

103 126 113

99 100 102 114 109 119

140

168 120 129 133 162 155

133 127 134 159 141 15.'

143 150

10.7 3.8 6.8

11.9 6.4 5. 6

158 373

48 16

43 43 14

125

167 103 114 117 !51 134

119 112 124 138 128 132

138

167 116 129 128 166 156

141 123 129 146 144 155

153 148

11.9 4. 5 7. 5

12.0 6 .• 5 5. 6

!56 367

47 15

43 43 14

130

165 114 123 123 157 141

122 116 128 139 129 138

141

175 120 130 132 169 150

127 126 142 156 138 153

!58 151

12.2 4. 7 7. 6

12.0 6. 5 5. 5

158 366

47 15

43 43 14

141

175 124 134 132 172 154

127 126 138 !56 149 146

144

182 124 135 136 173 158

131 130 139 158 148 154

153 !51

12.3 4. 8 7. 5

12.2 6.6 5.6

155 368

49 16

44 41 15

137

162 118 130 127 160 147

135 125 132 146 130 151

144

186 118 133 135 176 154

139 128 140 157 140 161

148 !56

12.8 5. I 7. 7

12.4 6. 7 5. 7

145 363

47 15

44 41 15

121

157 95

111 115 155 135

107 100 108 129 120 143

150

190 133 140 142 174 154

134 138 148 161 146 161

148 159

12.7 4.9 7.8

12.4 6. 7 5.7

EMPLOYMENT AND POPULATION

POPUI,ATION

Population, United States: Total, inrl. armed forces ovrrsNts§ ____ ._thousands 175. 359

I '175,969 '176,188 '17(i,421 1[76,639 '176,86,5 '177,103 175, 591

EMPLOYMENT

~ouinstitntional population, estimatPd number 14

S-11 ~ ~ ~ ~ ~ ~ ~~ ~ '11960

I August I Re!ltem-1 October I Novem-~~-~Dece~: ~j~;;-;-- her ber her ury

146 371

46 15

44 41 15

132

177 103 124 126 176 156

131 102 112 138 138 157

149

196 132 139 143 189 163

139 133 135 161 154 162

156 160

12.2 4. 7 7. 5

12.4 6.6 5. 9

157 380

47 15

42 43 15

145

173 132 138 135 160 155

146 132 140 156 144 154

143

180 124 132 135 167 154

137 129 137 149 146 154

168 161

13.0 4.9 8.1

12.61 6. 5 6. I

168 388

48 1.>

42 43 15

150

186 131 142 139 177 161

150 141 144 166 I.Jl 154

144

178 130 135 135 170 155

130 133 141 158 138 153

177 158

13.0 4.8 8.1

12.8 6. 5 6. 3

'177,374 1178,252 '178, 521

186 405

48 15

43 42 15

249 458

47 15

44 42 14

176 ·•261

217 154 164 170 208 179

147 '170

183 190 177

'180

p 324 • 251 p 234 p 252 p 291 p 266

p 229 • 245 • 255 p 290 p 250 p 281

145 'p 149

187 '127

134 138 182 154

128 '133

140 153

'149 156

182 160

12. 5 4.6 7. 9

'12.9 6. 4 6.4

•188 •138 p 138 •144 p 168 p 154

•137 •138 •142 •158 p 143 p 1->8

p 146 11)(}t

13.0 4.6 8.4

12. ii 6. 3 6. 2

I 1178,780 IIJ79,013

• 113

p 147

1 I79,24.o

years of age and over, totalci'. ______ . _ thousands__ 122, 609 122, 724 122,832 122. 945 123,059 123, 180 123,296 123,422 123, 549 123,659 123, 785 123,908 121,034 2 124,GOI\

Totallahor force, including armrd forces.-~ ___ ~ do. __

Ci\·ilian labor force, totaL ... __ ----------- __ do.~_ Employed. ______ --~- _______ ---------------" do. __ _

Agricultural emJlloyment_ ______________ do ... Nonagricultural employment _______ . _____ do ___ _

Unemployed _____________ ----~---------~do .. PPrcent of civilian labor force: $

Unadjusted _________________________________ _ S1•nsonally adjustrct_________ _ ____________ _

!\ot in labor force ----------------~ __ _ . thousands_

EmJlloyees in nonagricultural e~tablishm<'nts <U.S. D .L.): Total, unadj. (excluding Alaska and HawaiilL:, do ___ _

i\lanufacturing ___________________ ----- _ do. Durable !(oods industries ___________ -~-. _ ~ ~~do_ Nondurable goods industries _____________ .do.~

Mining, totaL.---------------------------- cto. MrtaL ·----------------------------------·do. __ _ Anthracite. ___ ------------ _______________ .do. __ _ Bituminous coaL ____ ------------------ ___ do. __ _ Crude-petroleum and natural-gas production

thousands __ Nonmetallic mining and quarrying~----~- .do ....

70, 701

68,081 63,973

4, 871 59, 102 4.108

6.0 (\.!

51,935 15,749 8, 989 6. 760

713 93 20

192

301 107

70,027

67,430 62, 706 4, 693

58,013 4, 724

7.0 6.0

52,697

50,310 15,674 8, 990 fl, 684

704 94 20

192

29(i 103

70,062

67, 471 62,722 4,692

58,030 4, 749

7.0 6. I

52.770

50,315 15,771 9,060 6, 711

fl93 94 18

188

21)2 101

70,768

u8,I89 63,828

5, 203 58,625 4,362

6.4 5.8

52,177

50,878 15, 969

9, 217 6, 752

688 94 16

180

294 104

71,210

68,639 65,012 5,848

59,163 3.627

5. 3 5. 3

51,849

.o!, 430 16,034 9, 314 6, 720

6\)4 96 1.5

176

297 110

71,955

69,405 G6, 016 6, 408

59,608 3, 389

4. 9 4.9

51,982 16,187 9, 443 6, 744

701 97 15

176 I

am 1 112,

73,862

71,324 67,342

7,231 60,111 3, 982

5. 6 4.9

49,435

52, 580 16,455 9, 581 6, 874

713 98 15

178

309 113

73, 87.5

71,338 67,594 6,825

fiO, 769 3, 744

5.2 5. 1

49,547

52,343 16,410

9, 523 6.887

710 97 17

171

:m 114

73,204

70,667 67,241

6, 3.57 fiO, 884 3, 426

4.8 5. 5

50,345

52, 06() 16, 169 9, 058 7, Ill

639 62 15

J3o

310 116

72, 109

69, .577 66,347 !i,242

60,105 3, 230

4.6 5.6

51,550

52,648 16,367 9, 225 7,142

fi20 47 16

136

306 ll5,

72,629

70.103 66,831 6,124

60,707 3,272

4. 7 6.0

51,155

52,569 16,197 9,168 7,029

fi21 47 10

145

ml , Revised. P Preliminary. 1 See not<" marked "§". 2 Se(' note marked "cf". t Revised heg-inniug ~\ugu~t H~S9 to include data for Hawaii.

71,839

69,310 65,640

.'), 601 60,040 3, 670

5.3 5.6

52,068

'52, 793 '16, 280 '9, 313 '6, 967

'660 '67

16 '164

•298 114

71,808

t\9, 276 fi5, 699

4, Rl! li0,888

3, 577

5.2 5. 2

52,225

z 70,()8fl

2 fi8, Hi8 2 64,020

2 4, 611 2 .59, 409

2 4,149

2 6.1 '.). 2

T 53, 739 p 52. OOi'i '16, 488 p 16, 4l:J ' 9, 583 p 9, f\20 r 6. 905 P f>, 793

r 6fi7 P fi!}j

tRevisions for January 1919-Decemher 1954 appear on p. 27 of thP :Vfay 19.59 SnRVEY. §Estim<ltes fo>· Alaska and Hawaii il"e inclndrd eff<•clive with February 1959 and SeptembPr l95ll, respectively; Jlfl'liminary estimate of ririlinn population in Alasl<a (.fan. l, 195r.), 153,000 persons and in !Iawaii (Sept. 1, 1959), 603,000 persons. Revisions for February 1957-Angnst 1958 ar<' shown in the November 1959 SURVEY (bottom p. S-11). $Monthly rates back to Januory Hl47 nn• shown on p. 44 of thr• July 1959 SnRVEY.

ci'Data beginning January 1960 include figures for Alaska an<l Hawaii; January 1960 PstimatPS for these States (tbons.): Nonimtitutiona.l popul<>tion. 500; civilian labor forcr. 2R2; l'm­ployrd persons, 266; nonngricultural Pmployment, 229.

L:,Total emJlloyment in U.S., including Alaska anct Hawaii (thons.): 1959-l\ovember, .5:1,021: Drcrmhrr, .>:!,972; 1960-January, 52.229.

S-12 SURVEY OF CURRENT BUSINESS

Unless otherwise stated, statistics through 1958 and ~~~ descriptive notes are shown in the 1959 edition of BUSINESS STATISTICS Decem- Janu- I Febru-ll\Tarch I April ll'vlay I June ber ary ary

1959

I July

EMPLOYMENT AND POPULATION-Continued

EMPLOYMENT-Continued

Employees in nonagricultural establishments, un­adjusted (U.S. Dept. of Labor)-Continued

Contract construction. ________________ thousands .. Transportation and public utilitiesl) ________ do ....

Interstate railroads ... _____ -------------- .. do. __ _ I~ocalrailways and bus lines _______________ do ___ _ Trucking and warehousing ________________ do ___ _ Telephone ____ ---------------------------.do ___ _ Gas and electric utilities ___________________ do ___ _

Wholesale and retail trade •.•.••••••..••••... do ___ _ Wholesale trade_---------- __ •• ------ _____ .do. __ _ Retail trade\1-----------------------------do ___ _

General merchandise stores ______________ do ___ _ Food and liquor stores ___________________ do ___ _ Automotive and accessories dealcrs ...... do ___ _

Finance, insurance, and real estate __________ do ___ _ Service and miscellaneous\) •.. ______________ do ... .

Hotels and lodging places __________________ do ... . Laundries _________________________________ do ... .

G Cleaning and dyeing plants _______________ f] 0 ___ _ overnment ________ ----- ___ • ______________ .do. __ _

Total, seas. adj. lexcl. Alaska and Hawaii)L', .. do .... Manufacturing _____________ ------ __________ .do .. __

Durable goods industries __________________ do ___ _ Nondurable goods industries ______________ c\o ___ _

Miuitw .. ------------------------------------do ... . Contract construction. ______________________ do ... . Transportation and puhlic utilities __________ do ___ _ Wholesale and retail trade ________ ·---------.do ___ _ Finance, insurance, and real estate __________ do ___ _ Service and miscellaneous ___________________ do ___ _ Government ________________________________ do ___ _

2, 486 3, 881

952 94

830 709 574

11,976 3,065 8, 911 I, 943 1,630

781

2, 373 6,3S4

4G8 307 167

8,373

50,844 15,701 8, 956 6, 745

709 2, 550 3,859

11,143 2, 3S.o 6, 448 8, (14[)

Production worker< in manufacturing industries, uuadj.: Total (U.S. Dept. of Labor) _____________ thou~ancb ___ 1 11. Hao

Durable goods industries ____________________ do____ n, 740 Ordnance and accessories _________________ .do____ 73 Lumber and wood products (except furniture)

thou~ands__ 51i5 Sawmills and planing mills ______________ do____ 282

Furniture and fixtures _____________________ do____ 30H Stone, clay, aud glass products ____________ do____ 422 Primary metal industries __________________ do____ 943

Blast furnaces, steel works, and rollit1g llli!ls thousands.. 464

Fabricated metal productsci' .••........... do____ 824 Machinery (except electrical) ______________ do____ 1, OWl Electrical machinery ______________________ flo____ 7.SU Transportation equipment\) _____________ _clo____ 1. 208

Motor vehicles and equipment_ _________ do____ 5ii7 Aircraft and parts _______________________ do____ 483 Ship and hoat building and rcpairs ...... do____ llU

Instruments and related products _________ do____ 210 MisC<'llaneous mfg. industries_ -----------.do____ 3GO

Nondurable goods industries ________________ do____ 5, 1\liJ Food and kindred products\) __ ----------.do____ I, 001

Meat products. ------------------------.do____ 250 Canning and preserving __________________ flo____ 14!': Bakery products_--------------- ________ do____ 1<\2

'l'obacco manufactures _____________________ do ___ _ Textile mill products\) ____________________ do ___ _

Broad woven fabric mills ________________ do ___ _ Knitting nlills ___________________________ (lo ___ _

Apparel and other finished textile prod ... clo ___ _ Paver and allied products _________________ do ___ _

Pulp, paper, and paperboard mills ______ do ___ _ Printing, publishing, and allicdindustries __ do ___ _

Chemicals and allied products ____________ _r]o ___ _ Industrial org-anic chemicals _____________ do ___ _

Products of petroleum and coaL ___________ do ___ _

R~l;~~~l~~~~~~~~~-~~~::::::::::::::::::::~g:::: Leather and leather products ______________ ()o ___ _

Pr;~~f2~~~~~ -~--o_r_~~!~S- ~~ _ ~~~~·~ _s_e_a~~~~:=l-~ ~-~j-'~f~~g~~m ds __ ! Dm·uhle goods industries ____________________ do ___ _ Nondurable goods industries ________________ do ___ _

Production \\·orkers in manufacturing industries: Indexes of employment:

Unadjusted _________ ---------------- .1947-49= 100. _ Seasonally adjusted __ -----------------------do ___ _

l\1iscella.ne.ons employment datu:

~3 862 372 1\JO

1,05(i 443 221 5.\0

514 1!!5 155 IHJ HJS 329

11, 8S4 6, 70~ 5, 17(i

91l. 5 9tl.l

Fedrro.l civilim1 employees (executiYe branch): United States, _________________________ thousands __ '2. 41\0.4

\Yashington, D.O., metropolitan area _____ do____ '215. 5

Railroad employees (class I railroads): TotaL _______ ---------------------- __ .thousands._ 852 Indexes:

U nadjnsted __ ----------------------1947-49= 100. _ 63. 8 Seasonally adjusted_ ----------------------do____ 65.2

2,343 3,836

929 93

803 706 5-o ,_

II, 052 :1,028 8,024 I, 397 I, 583

766

2, 363 6,314

461 307 166

8,024

51,08G 15,704 U,007 6, 757

704 2, 050 3, 894

II, 2Hi 2, 387 6, 443 8,028

11,8.05 li. 73\)

73

547 275 313 411 952

469

820 1, 0[17

791 I, 216

581 475 121 209 350

5, !IIi 950 243 12\l !.09

79 850 371 lSfi

I, 051 4411 221 544

515 I!J(i !54 11U 199 329

11. \14) c, 154 5,187

95.8 96.5

'2, 142.8 207.3

8361 62.8 62.3

2,256 3,835

931 93

810 7o.o 571

10,990 3, 025 7, 9~i5 1, 349 I, .0\18

768

2,371 6, 333

467 304 IG5

8,066

51, 194 15, 81\l 9,049 6, 770

693 2,62fi 3, 880

11, 27\J 2, 3D5 f), 41i2 8, (140

11, 93'; G, 7H4

72

537 273 315 413 979

489

817 l,OHO

79(i I, 203

5(i8 473 120 213 3fi0

5,143 943 23\J 129 109

'j(i

r:til) 370 189

I, 078 440 220 545

518 107 !50 115 199 333

11. 9·;:1 G, 7b8 5,190

95. ti

96.81

2,417 3, 81)5

936 93

823 704 569

11,083 3,01U 8, 064 I. 388 I, 599

772

2, 386 6, 3i7

4n9 305 lfi7

8.093

51, 45() 16, OOG 9,192 6. ~14

688 2, 719 3, 885

11.263 2, 398 ii, 44! 8, ()!iii

12.117 6,937

73

552 277 3In 433

1, 015

515

82U 1.113

79.~ 1, 22ti

59! 4G9 123 216 308

5, ISO 945 23U 134 158

72 s~~~i 371 Hl3

1.08.5 441 21\J 5.51

527 HIU lflll 122 202 331

12.14,)

~· 9.1! v,2.h

98.0 98.2

20 140 C loo 14° (' -· 207:1: -· 20~: 7

839 845

63.0 63.4 63. 1 63. 9

2,662 3,879

943 92

82S 704 572

II, 1:16 3,024 8, 112 1, 388 !, 605

782

2,403 6, 511

4\14 308 171

8, Ill

51,887 16,182

9, 319 6.863

701 2.829 3 sse u: 333 2. 403 0. 47H 8.074

12, li\7 7,025

73

5!\K 285 317 444

I, 037

529

840 I, 12G

803 1,229

594 4G4 120 21G 372

5,142 953 235 148 1.'"~9

10 .S~iU 370 1\l(l

1, 055 -!43 221 [).);{

[J:),) 201) 15\) 122 17() :;24

12, ;i(l3 7 n·)s .s; 27s

\)8. 4 \)9. 5

854

G4. 0 64. u

2, 834 3, 9!4

957 92

841 704 573

II, 234 3, 026 8, 208 1,4!6 I, 611

788

2, 413 6, 583

504 312 176

8,116

52,125 16,372

9, 462 6, 9!0

708 2, 787 3, 9!7

11, 363 2, 413 {), 4Sii 8, 079

12, 29!1 7,139

73

594 294 318 454

I, 052

537

853 I, 153

8!4 I, 233

600 459 126 219 379

5, !GO 974 242 147 !GO

69 874 370 200

1, 05.rJ 44(\ 223 f>[,3

{!32 202 159 122 172 325

12,481 7.11i2 5, :519

99.4 100.9

8G9

2, 986 3, 944

968 93

854 7011 575

11,352 3, 0.14 8, 2U8 1.422 I, 617

706

2, 442 6,623

.533 317 176

8,065

.52, 407 16, 527 9, 573 6, 954

709 2, 799 3, 928

11, 42.5 2, 41S fi. ,1)25 8. Oifl

12, 5:!-! 7, 248

73

624 302 321 4fi(i

1,0\17

M3

866 I, IG7

833 I, 224

598 451 124 224 385

5, 276 1, 030

245 180 162

70 ss:1 371 205

1,068 453 227 f:,)5 I

527 201 lflO 1')•)

}()()

234

12,600 7, 214 5, 35G

101.3 101.9

879

Gfl. 0 64. 5 I

3,035 3, 949

960 92

85fi 712 586

11,324 3, OG9 8, 255 I, 397 1, r,oo

799

2, 475 6,603

603 318 Hi9

7, 837

52,558 16, 580 9, 635 fi, 945

714 2,800 3, 920

11, 46.o 2,426 G, 570 s, os:;

12, 43:) 7, Ill!

72

627 302 320 404

I, 038

52!

847 1, 149

s:lli I, 207

586 449 121 221 380

5, 272 I, 062

245 210 Hi3

67 872 3G8 201

1, o,;g 449 22ti 552

527 206 !58 120 211;1 335

12,1012 7, 275 5, 337

100.5 102.0

2 2,177.2 2. 213.0

870

65.5 64. 1

3,107 3, 922

928 92

855 711 588

II, 360 3, 081 8, 279 I, 408 1.604

801

2, 474 6, 582

603 31f> IGfi

7, 813

52, 023 16.037

9, 09,1 G, 943

ll33 2, 814 3, 893

11, .~20 2, 4;17 0, Ei49 8,131

12 173 G, 1)79

71

028 30.\ 324 4fi8 1)28

132

815 1,138

SfiO 1,132

.\20 445 117 224 401

5. 494 1, 170

249 315 l()fi

90 887 372 210

I, 103 454 227 558

532 208 !51 115 204 :l:.:Q

12,052 {), 717 5, 3~i5

98.4 97.4

3. 043 a, n27

9()1) 92

881 708 584

II, 4fi4 3,097 8,367 1, 463 1, 612

799

2, 452 6, 617

522 313 170

8. 158

52, 154 IG,l41 9, 214 6, 927

617 2, 771) 3, 8!)9

11. 41)4 2. 4[)2 (), 5?1·1 8, 2:!1

2, t!G1 3. 910

893 92

898 703 57H

II. 5.51 :J, 121 8, 430 1, 521 I 627 '802

2, 441 6, 614

476 312 174

8, 274

.\2, 002 16,022 9,129 6, RU3

621 2, 7fi2 3, 900

J], 478 2, 4:'3 G, :,49 S, 2!7

12.373 1 12,201 G, 847 H, j!)f\

74 73

1)20 012 304 300 329 329 409 47~8 Gil (;02

841 1,167

88S I, 200

GOO 44.) 107 231 417

!l, 52G !, 162

229 31G Hi5

98 890 372 210

1, !Of> 4fi0 227 570

:'\10 20S 153 117 212 335

1'' 15-1: G: k37 5, 317

\00.0 98.3

812 1, Hi

i'93 I, 208

023 4:)5 107 232 420

5, 4\.o I, 080

233 22H 166

93 S85 372 208

I, 100 454 222 .570

Mil 207 151 116 212 331

12,~:l?, G, <4>J 5, 281

9R. 6 97.3

1 I 22,172.4 22, lifi. 7 I 20S. 2 208. 8

839

63.5 62.4

814

61.6 61.5

804

60.9 62.2

T 2, 85f) r 3, fll2

898 92

r SfJ3 703 577

1960

Janu­ary

p 2, 413 p 3. 871

'II, 723 '3, 141 '8, 582 ') 628 r 1: ().!fi

' 12, 'l~ 1 p !1, 427 I ' 3, 157 v 3, 122

804

r 2, 438 r 6, 593

' 9, 184 p 8. 305

'2 438 p 2,430 6: .5.!5 p 6. 477

r 470 ·-------- ---------311 1 lii)

'8,331

T 52,253 '16, 174

T 9,266 r 6, 908

'8.640 p 8.317

T 52, 654 I' 52, S()Q ' 16.438 P IG, 50-1

r 9, 5·17 P 9, 637 '6, ~91 p 6, 867

r 637 r Gti4 P 657 r 2, 792 r 2, 7~3 P 2, 730 '3, fKJ2 '3, 014 P 3, 930

r 11 452 r 11, 482 P 11, 590 r 2:-:150 r 2, 451J P 2, 45.5 r n, .51J3 6, tHl P 6, 609 's. 2:;3 I '8, :nz v 8, 319

'12, 27411 '12. 482 p 12,414

'6, U22 '7, 18il v 7, 221 73 74 p 74

: ~~ I~ ___ :_~:~- : ::~ 457 T 45:2 p 443

r 9/5 r 1, 039 P 1, 044

'800 'I, 13fi

'882 '1,026

'409 429

'118 232

r 415

r 539 r 207 ' 1.5-l

115 20V 331

r 12, 1()\J r fi,87:3 r 5, 2H!)

'11'1.21 '9S. 4 ~

'843 !, 163 '893

r 1, ]f(;)

p 853 p 1, 178

'' S84 PI, 250

r 232 P 231 3\J.') p 377

540 !' 53S

r 1.1-1- P 15!\

r :2Wl P 207 3:H P 330

r 1''"~ 4'V P 12, 4~l9 T 7; 11~ p 7, 2:35 r ,j, ;?::-,;j f! 5. 2(i.f_

'IOIJ. \, I ,. F!O. 4 r 100. 0 '' 10 l. 1

'2, 200. 31 : z,cf'<i.O

'~·:'I :.::~ 62.2 > 63. I

p i\0. g v no. 4

'Revised. P Preliminary. 'Includes Post Office employees hired for Christmas season; there were about 3Hi,700,uch employees in U.S. in December 1958 and about 307100 in De-cember 1959. 2 See note marked "r'. ~Includes data for industries not shown. d"Except ordnance, machinery, and transportr~tion equipment. '

!'.Total employc.es, incl. A!C~ska and Hawaii (thous ): 1959-NoYember, 52.479; December, .\2,882; 1960-.Tanuary, 53,028. ,Employees in Alaska and Hawaii are included effective with January 1959 and August 1959, respectively. For all branches of the Federal Government, civilian employees in Alaska (at the end of January 1959) totaled 13,200 persons and in Hawaii (at the end of August 1959), 21,900 persons.

SURVEY OF CURRENT BUSINESS S-13

Unless otherwise stated, statistiC'S through 1958 and / 1958 -1 _ __ descriptive notes are shown in the 1959 edition of ,. BUSINESS STATISTICS I Decem- Junu- I Eebru-1 l\T"rch I •\pril I :lhv I

' ... ' 1

her ary ury '~-1

~ ... ' ~

1~'5~)

J""'' 1 .~ ~~~,- I All 'USt I Sentcm-J 0 t her I Xovem-j nect'Ill-1 g ' bcr r 0 her brr

I

1960

Janu­ary

EMPLOYMENT AND l'OPULATION-Continued

INDEXES OF WEEKLY PAYROUB

Construction (constrnetion worker~) _____ l H47-49=10Q __ :1\lanufn.f'tnring (production wurkers) _____________ do ___ _ I\iining (production 'vorkcrs) ____________________ flo ___ _

HOURS AND EARNINGS

A vcra:ce weekly hours per worker (U.S. Drpt. of Labor):

All mmmfacturinr, industries _________________ hours __ Average overtimc __________________________ do ___ _

Durable goods industrics ____________________ do ___ _ Average overtime ______________________ do ___ _

Ordnance and accessories _________________ . do ___ _ Lumber and wood products (except furnitnre)

hours __ Sawmills and planing mills _____________ do ___ _

Furniture and fixtnres _____________________ \lo ___ _ Stone, clay, and glass prodncts ____________ <Jo ___ _ Primary metal industries __________________ do ___ _

Dhst furnaces, steel works, and rolling mills hours __

Fabricated metal products 0'--------------do ___ _ Machinery (except electrical) ______________ rlo ___ _ Electrical machinery_ ---------------------do ....

Transportation equipment\! _______________ do ___ _ Motor vehicles and equipmeut_ _________ do ___ _ Aircraft and parts _______________________ rlo ___ _ Ship and boat building and rcpairs ______ do ___ _

Instruments and related products _________ rJo ___ _ Miscellaneous mfg. industries _____________ do ___ _

Nondurable goods industries ________________ do ___ _ Average overtime _______________________ do ___ _

Food and kindred products\! ______________ do ___ _ Meat products __ ------------------------do ___ _ Canning and preserving _________________ do ___ _ Bakery products_----------------------- do ___ _

Tobacco manufactures. __ ----------------- do ___ _ Textile mill products\! ___________________ do ___ _

Broadwoven fabric mills ________________ do ___ _ Knitting mills. --------------------------do. __ _

Apparel and other finished textile prod .... do ... . Paper and allied products _________________ do .... .

Pulp, paper, and paperboard mills ______ do ... . Printing, publishing, and allied indnstrics .. <lo ___ _

Chemicals and allied prodncts _____________ do ___ _ Industrial organic chemicals _____________ do ___ _

Products of petroleum and coaL __________ do ___ _

R~,b~~~l~~~~;,~~i~~~ ~=: ::::::::::::::::: :~g:::: Leather and leather products ______________ do ___ _

!\onmanufaeturing industries: ~lining _________ -------- _____________________ do ___ _

MetaL ______ ------------- ________________ .do ___ _ Anthracite ______ --------- _________________ do. __ _ nitnminous coaL _________ ---------------- _do ___ _ Petroleum and natural-gas production (rxccpt

contract serviers) _______________________ hours __ Nonmctallie mining and quarrying ________ do ___ _

Contract construction _______________________ do ___ _ Non building- l'Onstruction_ ------- _________ do ___ _ Building eonstruetion _____________________ do ___ _

Transportation and public utilities: Local railways and bus lines _______________ r\o .. __ Telephone. _______________________________ .do. __ _ Gas and electric ntilities ___________________ do __ _

Wholesale and retail trade: Wholesale trade-------------- _____________ do .... He tail trade (except eating and drinking places) <;;?

hours __ General merchandise stores ______________ do ___ _ Food and liquor storcs ___________________ <lo ___ _ Automotive and accessories dcalers ______ do ___ _

Servico and miscellaneous; Hotels, year-round ___ -------------------- _do ___ _ Laundries _________________________________ do ___ _ Cleaning and dyeing plants _______________ do ___ _

Average weekly gross earnings (U.S. Dcpnrtrnent of Labor):

All manufacturing industries _______________ dollars __ Durahle goods indnstries ____________________ do ___ _

Ordnance and accessories __________________ do ___ _ Lumber and wood products (except furniture)

dollars .. Sawmills and pl::ming mills ______________ do ___ _

Furniture and fixtures _____________________ do ___ _ Stone, clay, and glass products ____________ do .....

1S4. I I 100. I 1011.1

40.2 2. 6

40.8 2. 7

41.9

40.3 40.2 41.2 40.4 39.8

38.8 41.2 40.6 40.6

41.7 43.0 40.9 39.7 40.9 40.4

39. (j

2. 6 41.0 41.4 38.0 40.2

40.1 40.2 40.5 38.6

36.1 42.4 43.4 38.4

41.4 41.1 40.2 40.3 41.9 38.5

40.6 39.7 35.3 3X. I

40.5 42.1

3.o. 3 37. ~J 34. G

42.9 38. (i 41. I

40.4

38.5 3ti. 6 3<]. 3 44.0

40.0 :l9. 2 38.3

88.04 96.29

106.43

77.38 75.17 74. ]{j 87. 2fl

Primary metal iltdnstries __________________ do____ I09. 45 Blast furnaces, steel works, and rolling mi1ls

dollars.. 1 W. 40

' Revised. • Preliminary. \!Includes data for industries not shown separately. d'Except ordnance, machinery, and transportation equipment.

17-1. 7 LoX. 2 lOX. 0

39.9 2. 3

40.4 2. 3

41.5

39.() 39.3 40.3 40.2 40.0

39.5 40.5 40.7 40.4

40. 7 41.0 40.9 39.4 40.7 40.1

39.3 2. 4

40.5 40.7 38.2 39.7

38.8 39.8 40.2 37.8

36.0 42.4 43.5 38.0

41.1 41.0 40.9 41.1 41.1 39.1

40.1 40.6 34.3 3G. 3

41.3 41.5

35.7 38.5 35.0

42.6 38.3 41.0

40.2

38.1 34.7 36.4 44.2

39.7 39.3 38.5

87.38 94.94

105. 00

74.84 72.31 72.54 86.83

110.80

I20. 08

1!"P. ,) Wl. 4 lOti. 2

40.0 2. 4

40.3 2. 4

41.1

39.5 39.6 40.4 40.5 40.4

40.0 40.4 40.9 40.2

40.3 40.2 40.8 38.6 40.5 40.1

39.4 2.4

40.0 39.2 38.6 40.1

38 .• 5 40.3 40.8 38.3

3o. 7 42.4 43.4 37.9

41.2 41.1 40.3 40.6 41.6 38.8

39.7 40.8 27.0 35. (i

41.4 41.7

34.4 3!i. 3 34.0

42.5 38.9 40.9

40.0

37.9 34.4 3G. 4 43.9

39.9 39.0 37.4

88.00 95. II

103.57

74.26 72. sr, 72.32 87.89

112.72

122.00

17\l. n lli.1. 1 105.3

40. 2 .t)

40.8 2. fi

41.3

40.7 41.0 40.4 41.0 40.9

40.7 40.8 41.3 40.3

40.7 41.0 40.7 39.3 40. 5 40.0

311.5 .ti

40.2 39.9 38. G 40.1

38.1 40.4 40.9 38.4

36.5 42.7 43.7 38.3

41.3 41.0 41.2 40.8 42.0 38.0

39.9 40.4 27. (i 35.2

41.2 42.4

35.9 39.5 35.0

42.6 3K4 40.8

40.2

37.9 34. G 31i. 3 43.8

40. l 39.4 38.1

89.24 97.10

I04.08

77.74 7.5. 85 73.12 90.20

115.34

125. 3G

~O!l. 8 Hi7.0 lOG. 5

40.3 :?.n

40.9 2. ti

41.0

40.7 40.8 40.0 41.3 41.2

41.0 41.1 41.4 40.2

41.0 41.7 40.8 39. (i 40.8 40. 3

39.5 2. 5

40.2 39.9 39.2 39.7

37.8 40.3 40.8 38.5

3fi. 6 42.6 43.8 38. I

41.6 41.1 40.9 40.9 41.8 37.0

40.1 39.9 32.2 :15.2

40.5 44.3

37.0 40.1 3!i. l

42.9 38.4 40.7

40.1

37. g 34.4 3(1. 2 44.0

40.1 39.9 39.5

89.87 97.75

103.32

78. 9G 71l. 30 72.40 91.27

116.60

127.10

2~3. ~ I lb9. b 110.7

~~o. Ii 2. 7

41.1 2.8

41. 5

41.1 41.4 40.2 41.6 41.4

41.0 41.5 41.6 40.5

40.9 41.7 40.5 39.5 40.7 40.3

39.7 2. 6

40.8 40.4 39.2 40.5

38.8 40.4 41.0 38.7

3fl. 6 42.9 44.0 38. I

41.6 41. ,5 41.0 40.8 42.1 37.6

40.8 41.1 31.3 3(). 7

40.3 44.3

37.4 40.6 3(\. 4

43.2 3S. 8 40.5

40.3

37.9 34.2 3\i. 2 43.9

40.1 40.4 40.2

90.32 98.fH

105.83

80.56 78.66 72.76 91.94

117. 58

127. 10

210.0 I li4. 41 115.4

40.7 2. 9

41.4 3. 0

41.2

41.3 41.6 40.8 41.7 41.7

41.6 41.9 41.9 40.8

41.0 41.5 40.9 39.2 41.2 40.5

39.8 2. 7

41.0 40.6 39.3 40.7

39.3 40.8 41.3 39.2

36.7 43.0 44.1 38.1

41.5 41.6 40.9 40.4 40.3 38.2

41.6 41.3 30.2 38.8

40.2 45.2

38.0 42.1 3(i.8

43. fi 3\1.0 41.0

40.5

38.3 34.8 36.8 44.1

40.1 40.1 39.7

91.17 99.31\

105.47

82.19 80.70 74.66 92.16

118.43

12R38

I

244.41 170.2 '

106.51

40.2 2. 7

40.5 2. 7

41.2

40.5 41.0 40.8 41.5 38.5

35.9 41.0 41.3 40.1

40.8 41.3 40.6 39.2 41. 1 40.0

39.8 2. 8

40.9 41.0 38.9 40.7

40. 1 40.4 41.1 38.6

36.8 43.0 44.4 38.2

41.1 41. 1 41. 1 40.6 42.5 38.3

39.2 36.1

32.5

41.6 45.1

37.6 42. I

i

3(i. 31 43. 2 39.4 ' 41. 1 I 40.6

38.8 35.3 37.4 44.0

40.2 a9. 5 37.9

89.65 116.80

105. 06

80.19 79. I3 74.66 92.13

108. 19

111.29

2.17. 7 164. () 98. 4

40.5 2. 9

'10. 8 3. 0

40.7

41.1 41.3 41.7 41. (j 39.7

36. (l 41.6 41. 1 40.5

40.2 40.2 40. (i 39.0 41.0 40.4

40. 1 2. 9

41.4 40.8 41.9 40.2

40.7 40.8 41.6 39.4

37.4 43.1 44.1 38.3

41.2 41. I 40. (j

39.9 42.3 37.8

41.2 ' 39.4 27.9 36. 7

40.9 45.4

38.3 43.0 36.9

43. 1 39.2 40.9

40.5

38.6 3.1. 3 37.1 43.9

40.6 39.6 37.7

88.70 9:;. 88

IO:J. 38

82.61 80.95 76. 3I 92.35

104.81

113. 09

242.9 lfi9. I 94.3

40.3 3.0

40.8 3.0

41.1

40.7 40.7 41.3 41.0 40.0

38.3 41.7 41. 1 40.7

40.0 40.1 40.4 38.4 41.0 40.5

39.8 3.0

41.4 4.3.1 39.2 40.G

40.9 39.8 40.3 38.3

36.4 43.2 44.3 38.8

42.3 42.6 41.5 41.1 41.3 36.7

40.7 40.2 31.9 35.2

41.1 44.6

36.6 39.5 35.8

42.3 40.fl 41.3

40.5

38.1 34.4 3fi. 7 43.7

40.3 39.8 38.8

89.47 96.70

105.22

82.62 79.77 75. 58 91.43

106.40

118.73

239.1 1fi.). 9 95.9

40.3 2. 8

40.9 2.8

41.3

40.8 40.7 41.8 41.2 39.9

38.0 41.0 41.2 40.8

40.6 41.1 40.7 38.3 41. I 40.7

39.5 2. 8

40.8 4.3.3 38.0 40.2

40.2 40. 5 41.5 38.7

36.2 42.9 '13. 9 38.4

41.6 41.4 40.8 40.2 40.8 3H. 2

41. 1 40. 4 30.0 37.9

40.4 44.3

37.0 40.6 36.0

42.6 ;w. 9 41.3

40.5

37.7 34.0 35. \) 44.0

40.5 39.8 40.0

89.06 96.52

106. 55

82.42 79.37 76.49 91.88

'221. 8 T Hi0.8 '104. 4

39.9 2.(i

40. 1 2. [)

-11.3

'10.1 '40.3 '41. 1 '40.8 '38.8

T 37.7 ·10. l

'40. 8 r 40.5

39.2 ':l8.2 '40.6

38.5 -11.0

'40. 4

39.6 2. 7

41.0 43.3

'36. 9 40.1

'38. 2 '40. 5 '41. 5 '38. 9

'36. 7 42.7

'H.O 38.3

41.7 '41.6 '41.0 '41. 2 r 3H. 7 r 37.3

213. ;) r 17.1. a

110.5

40.5 '2. 7

'41. 1 2. R

'41. 9

41.9 '40. 9 '40. g

'41.4 '41. 7 '41.0

'41.2 '40. 5

39.8 2. 7

'41. 1

p 175.4

p 40.4 p 2. 8

p 41.2 p 3. 0

p 41.4

p 39. ()

p 41.4 p 40.4 p 40.7

p 41.5 p 41.5 p 40.9

p 42.8

p 41. 1 p 40. 1

p 39.3 p 2.6

p 40. (i

'39. 5 p 38.0 40.9 p 40.3

36.4 •36.1 '42. 6 p 42. 1

38. (1 p 38.5

'41. 8 p 41.4

'40. 3 p 39.9

'40. 8 p 40.5 r37.H P37.fi

, 40., I ____________ _ '41. 71 ______ -- -----' 34.0 ------ -- ---' 3o. s ,------ _____ _

' 41.2 1--------

r 4~~- 2 ___ . _. _

r 35.7 j _____________ _

38.? --------- - ---34.8 ----- -- -----

'42. 8 ---- --- -----r 40.7 ------- ____ _ '41. 3 !------ -----

1 -10. 41 _____ ---- ---

~~j [:::: __ ::::: r 4:3.7 j_____ _ __ _

21 40

1

, ______ _ ___ _

3!1. 3 --- ---- ---' 39.1 --------- ---

88.98 95.44

'106. 97

'80. 60 '78.18 '75. 2I '91.39

'91. 94 '99. 87

'109. :l6

r 79. iH

r 77.52 r 91. tl2

n nz. 52 p 100. 94 "108. 05

p 7S. 01

p 76.59 p 91.30

105. 74 ' 107. 8() ' 116. 57 p 116.00

uo. 56 ' 113. 10

S-14 SUHVEY OF CFRHR~T HU~IXESS Feb rna ry 1\ lHO

t'n.lcss ~therwise stated, statistics through 1958 and ~~~ l!IS!I II%O . des<"riptiv~ notes are shown in the 1959 edition of . l>f'C"t'Ill- Jann- ,, F(~l)rtt-1 '. [·•J·"ll I I 1 I 1-::.E' t' ) I:\: J D . -~ BUSINESS STATISTICS !'· h• ... ,· ·' , , .\pril .\fay .J11n<' I July Angn~t ' Pun- Octoher · ovem- J•r·rm- ami· n.ry ury < hc·r l hf'r her ary

------------~-----~--~----~--~----~---~----~--~----~---

K\IPLOYMENT AND POPULATION-Continued

HOURS AND EARNIN£;S-Continued I :\ ....-cragi• WPt•kly gross earnin!Jf' (U.~. Depnrtuwnt of

J,ahor)-Continued 1 ..\ 11 manufacturing industrip::;-Contitnwtl

Durahlt' goods industriP~-Continued I Fahrieated metal product so'.. dolh1rs. l\Tuchincry (excrpt t"'lectrical)_______ do __ Electrical machinery.... .. . .. do Transportation equipnwnt? _______ __do

:\fotor vehicles and c>quipmpnt..... ..do Aircraft and parts.. . .. . .. do. Ship and boat build in~ and n'pa!rs .... do.

Instruments and rel:lted products.... .. .do .. :\fiscc•llaneous mfg. industries.... .. . ..do

:\'ondurable goods Industries ............... do Food and kindred products\! .............. do.

Meat products ............................ do. Canning and preserving ................. do Bakery products ......................... do

Tobacco manufactures ...................... do .. . Textile mill products 9 .................... do .. .

Broadwoven fabric mllls ................. do .. Knitting mills ............................. do ...

Apparel and other finished textile prod .... do .. Paper and allied products ..................... do .. .

Pulp, paper, and paperboard mllls ...... do .. Printing, publishing:, and allied lndustries.do.

Chemicals and allied products..... .do .. . Industrial organic chemicals.. ........... do .. .

Products of petroleum and coaL .......... do ... Petroleum refining ....................... do ... .

Hubbrr products .......................... do ... Lcatt1rr and leather products.... .do ...

~ (,nmanufacturing industries: :\I ining _______ --------------------- ________ ._do __ _

'\IctaL .................................... do ..

ri~;i';,~~fJ:i; ·coal.~~:::::::::::· ··::·--····--~Z::: -I Petroleum and natural-gas production (rxrPpt

contract service~).. ........ .. .. ..... dollars .. :\ onmetallic mining and quarrying ....... do .. ..

Contract construction.. .. .. ... . ... do .. .. :\on building construction... ....... .. .do .. .. Building construction...... .. .do .. .

Tramportation and public utilities: Local railways and bus lines ................. do .. .. Telephone ................................ .do .. .. Gas and electric utilltl~s... .. .......... do .. ..

"'lwle~alr and retail trade: Wholesale trade .......................... do .. .. Retail trade (except eating and drinking

places)\! ........................... dollars. Grnera.l merchandise stores___ __do __ _ }'ood and liquor stores. ..... .. . .. do .. .. Automotive and aecessorles d~alcrs ..... do ... .

Finane(', insurance, and real estate; Banks and trust companiest ............. do .. ..

SrrvicP and miscellaneous: Hotels, year-round ........................ do ... . LaunflriPs_, , ___________ -------------··-.do .. __ Cleaning and dyeing plants ............. do ..... .

Awr:.ge hourly gross earnings (U.S. Department of Labor):

All manufacturing Industries ............... dollars .. Exrluding ovcrtimC'§_________________ _do

Durahle goods industril'S............... .do ... Excluding overtime§_____________ _ _do_

Ordnnncc and accessories __________________ do._. Lum her and wood products (except furniture l

dollars .. Sawmills and planing mills..... .do ....

Furniture and fixturl's............ do ... ~ton(•, clay, and g-lass products _________ .do __ _ Primary mt?tal industries_____ _ ___ do_

Blast furnaces, strcl works, and rolling mills

F,tbrieatrd metal productso' ... .. :\farhin,•ry (excl'pt electrical) ... .. Electrical machinery .....

dollars .. ..... do. ..... do ..

.do.

Transportation equipment\! .. .. . ...... do. :\!otor Vl'hiclcs and cquipllll'HL ......... do. .~ircraft and parts ........................ do. Ship and hoat building and repairs ..... do

In~trumrnts and related products ________ "do \fiscellaneous mfg. industries ............... do

:\on<lurahle p;oods industri~s ............... do. Exrluding overtime§ ................... do ...

Food and kindred products? .............. do. l\fc,ttproducts ....................... do. Canning and prrsl'rving ............... do .. RakPry products_________ _ do_

r R('\·ised. P Preliminary .

913.00 !J9.01i 89.32

110.92 117.82 IO'i. f<2 101. ,,;; 91.62 75. !).i

78. OJ 84.46 98. (j:J 64.98 81.20

66. 17 61.10 59. ·'1 .\6. 74 .S4. R7 91. 1(\ \19.:19

101. iii

~i. 70 103 .. '7 11I.:J;, 111. So 102. flO 61.22

1():,. :t; 101.24 (l:J.19

118.82

108. 54 89. (\7

109. 4:J 10.1. 3() l 10. 87

92. {)6 81.06

IO:J. 57

88.48

fi-t. f>8 48.68 68.24 88.36

67.48

46.40 44.69 51.32

2. 19 2.12 2. 36 2. 28 2 . .14

l. 92 l. 87 1. 80 2. 16 2. 7fi

a. oo 2. 3::! 2. 44 2. 20

2. t\6 2. 74 2. 58 2. 59 2. 24 l. 88

I. 97 1. 91 2. O(j 2. 31 I. 71 2. 0:.?

. ~E\cept ordnance, machinery, and transportation equipment. Q Includes data for indnstrit•s not shown sppnr<.ltPly.

93. 9fi \19.31 88.88

IO(i. 63 109. or, lO.S. f{! 102. 44 nl.17 7fl. 79

77.81 g!, 6fi fl.ti.6fi fifi. Rii ~0. 19

tia. na t\0. 89 .~n. 09 [).l. 94 M'). OR 91. !i~ 99. fo2 99.94

97.00 lll3.7:l 113.70 117. [i[)

100. 2R f\2. fl6

lO!i. sn 103. 94 91.24

114. 71

111.!12 87.98

lli.O:J 105. &~ 111. 6:i

92.44 80.81

103.32

88.44

Gti. 29 48.26 68. 4::! 87. 07

67. 14

45.66 4.5. 20 !\1.98

2.19 2.13 2. 3Ii 2. 29 2. f'i3

l. 89 I. 84 1. 80 2. 1fl 2. 77

3. 04 2. 32 2. 44 2. 20

2.(i2 2. 66 2. 58 2.60 2. 24 1.89

1. 98 l. 92 2. 09 2. 3.l l. 75 :!. 0::!

94. 13 100. fll

RR. 81 IllS .. \9 !Of\. 9:l 10.~. 67 9R 97 91. 13 7:'. 39

7R. 01 ~3. (\0 91. 73 07. !i.i ~I. ~0

G:J. f:3 61. fi{i !\9. 9R tH. fl~ ['(\,].)

92.01 99. :1!1

100.44

01. tH 10:3. fii 111. ~n 119.77 101.09 f\2.0~

l(lli.l\(1 10·1. 4:, 74. 79 I

112.1i'•

! lfi. ~;~ ss. 82

!Of>. 64 HHI. HI lOX. I?

H:!. g,-, 82. 47

100.89

88.00

6.5. U;) 47. I:J 69. ,\2 8fi. 04

67.34

46.28 44. R:i fiO. 49

'2. 20 2. 1:1 ?. 31\ 2. 29 2. 02

1.88 1. 84 l. 79 2.17 2. 79

3. 05 2. 33 2.46 2. 21

2. 62 2. 66 2. 59 2. 59 2. 25 1. 88

l. 98 l. 92 2.09 2. 34 I. 75 2. 04

9.'1. 8~ 102.42 8\1.06

107. 04 109. 47 ](1:>.01 102. 18 91. f;3 7:J. no 7\1.00 84.42 93.77 ns. :lz Sl. 41'

lit. ::!91 G:J. 43 ()2, 17 .~7. 22 .'i.">. S:)

\J:!.fifi 100.07 IO:!.f\.1

\Ji. XH 10:1. 7:; 118. 24 121. 18 lO:J. 74

GO. 80

IUfi. l:l 104. 2:l 76. 4:i

112.29

11~. :lti 90. :ll

110. tl7 ws.n 110. u.-)

9:! ~7 81. 79

10·1.0·1

89.24

OFi. 9:i -17.40 OS. 97 81\. 72

tiS. 2.1

4G. 12 4;). 70 .11. 82

2. :!~ 2. t.~)

2. :Js 2. 31 2. 52

I. 91 I. Sfi 1.81 2. 20 2. 82

:J. 08 2.3!1 2. 48 2. 21

2. o:l 2. 67 2. 58 2. 60 2. 2!\ 1. 89

2. 00 l. 93 2.10 2. 35 l. 77 2. 03

9H, ;itl 103.09 88.84

107. s:; 111. 34 Jll:"). H7 101. 77 92. 21 7G .. -~7

7~. 00 B4. 42 9:l. :J7 n9. as XO. 99

w,.o2 o:t 27 62.42 .:'i7. :~7 :i;"'J.Iia ~2. R7

1110. 74 10:!.11

H.'"\. t.-... IO:l. 9~ 11~. 20 122. 2\J 101. fi7

;,g_ ':!/

ltlli. 27 102. 94 88. ""

11-L 7:1

ll:l.llll 94.80

u:;. ~9 11U. 2~ 111.41

ua. H.~, H2. fili

Jtl:), 7~l

S9. 42

66.33 47.47 68.78 88.H

tiS. Oil

4il. r.:z !H. :?X f'l::1. 7'2

I. 94 1. 87 1.81 2. 21 2. So

3.10 2. 33 2. 49 2. 21

2. 63 2. 67 2. [19 I 2. f)7 2. 26 1.90

2. 00 1. 94 '

U~l 1. 77 i 2.114 .

~~~: ~g I 89. 51

107.98 111.711 105. 71 101.91 Ill. 98 71i. 07

7~1. 40 .S.~. fiX 94 .. '\4 Iii. 42 s:;. 43

Iii. 51 fi:J. 83 li3. 55 t17. {i() 05. f)3 93. 52

101.ii4 1112. II

!Jn . .t'.? 10;'>. 83 117. f)j

121. ,\H llll. 41; lill. ,Oj

108. U4 lO!i. XH

.S!l. 4:) 1211.01

112.84 9.o. 2ii

114.82 ll2.0ti Jl!), 39

9!i. 04 84.20

1()3. (i8

90. 27 ~

ti~i. 70 47. 54 li9. 14 89.12

40.92 47. '27 .i.i. 4S

2. 2:l :2.l(i 2. 41) 2. 32 2. 55

1. 91i 1. 90 1.81 2. 21 2. 84

3.10 2. 37 2. 50 2. 21

2.1i4 2. 68 2.1il 2. 58 2. 21l I. 90

2. 00 1. 94 2.10 2.34 I. 72 :2.0ti

99.72 104.75 90.58

109. OG 111. 22 107.98 100. 74 94. 3.o 7fi. 95

79. 6() 85.69 94.60 1\6.42 84.25

ti/.\;)9 114. 41) li4. 02 58.41 fi.l. 05 94.1\()

102. j[)

102. ~i

1011. 4:l JO!i. 91 117. 79 120. ::!9 98.74 Iii. 50

Ill. 49 107. 79 82. 75

l21i. 49

112. 51) 98. OS

1Hi.(ili lli. 4ti 110. t)()

95. 92 85.02

!05. 37

91.13

07. 79 48.72 70.29 90.41

()7. 69

47.32 4ti. H2 54. 70

2. 24 2.W 2. 40 2. 32 2. 51i

1. 99 1. 94 1. 83 2. 21 2. 84

3. II 2. ::!8 2. 50 z. 22

2. 6G 2. 68 2. t\4 2. 57 2. 29 I. 90

2. 00 I. 94 2.09 2. 33 I. (i9 2. 07

97.17 103.25 89.02

108. 53 111.10 106. 78 102.70 93.71 75.60

80.00 8.1. 48 \15. 53 6fi. 52 84. 2.1

70.58 ll3.8:J 1\3.71 57. 13 55.57 95.03

104. 78 HI:J. 52

lOll. 28 106.8fi 118.78 121.80 107. 10 60.90

IO:J. 49 93. 14 7\1.211

104. 98

117.31 \18.32

I IIi. 51\ 118.30 llfi. Hi

95.47 sn. 29

106.04

91. 7ll

68.68 49.07 72.18 90.20

68.06

47.44 46.22 51.92

2. 23 2.10 2.39 2. 31 2. 55

1.98 I. 93 1.83 2. 22 2. 81

3.10 2. 37 2. 50 2. 22

2.66 2.fi9 2. 63 2. 62 2. 28 1.89

2.01 1. 95 2. 09 2. 33 I. 71 2. 07

99.01 102.34 89.91

108.14 ll0.15 107.18 102. ,)7 93.48 711.70

80.20 84.87 95. Oli 71.65 83.21

65.93 64.87 04.90 08.71 56.85 9o.li8

104.08 103. 79

100 .. \3 106.45 llfl. 12 118. 50 10.\. 33

GO. 48

108.77 97.71 70.73

120.74

11:i. 7.1 lOll. 33 119.88 121.26 119.19

95.68 85.85

105.93

91. .53

68.32 49.42 71.23 89.12

ll8. 07

47.91 4G. 33 51.65

2.19 2.12 2. 35 2. 27 2. 54

2.01 1. 96 I. 83 2. 22 2.li4

:;.09 2. 38 2. 49 2. 22

2. 69 2. 74 2. 64 2. fi3 2.28 I. 90

2. 00 I. 93 2. 05 2. 33 1.71 2.117

99.66 103.16 90.76

108. 40 Ill. 48 107.06 99.84 93.89 76.95

80. 79 86. 11

101.29 67.82 85.67

63.40 63.28 63.27 57.45 55.69 96.77

106.32 10fi. 70

104. 48 112. x9 120. 77 124. 1\3 102.01

5P. 09

107. -t;i 99.29 88. 31i

115.81

lHi. 72 99.01

115. on 112.58 111). 71

!14. 33 89.32

107.79 I

91.94

67.82 48.50 71.20 87.40

68.21\

48. 31i 4G. 96 53.54

2. 22 2. 14 2. 37 2. 28 2. 5()

2.ll3 I. 96 1.83 2. 23 2. 60

3.10 2. 39 2. 51 2. 23

I

2. 71 2. 78 2.65 2. 60 2. 29 ' I. 90 .

2. 03 . I. 95 : 2.08 ; 2.35 : 1.73 2. ll

9fi. 70 103.82 91.39

109.62 113. O:J lOS. 2fJ 99.20 94 .• 13 i7. 3~

79. 79 85. fj8

103. 0.1 0.5. 74 ~4. 42

o3. 92 !)4. 40 64.74 57.66 55.02 95.67

104.48 104. ~3

101.09 108.05 117. ,\0 119.80 101.18 .)~. 28

108. 92 99.38 82.80

123. 55

113. 12 97.90

117. f)fi 117. 74 117. 72

94 .. ')7 88. 5H

108. r,2

91. ;i:J

tl7. II 47.94 69.65 89. 'j'{j

G8. 81

48.20 46. 91i 55.60

2. 21 2.14 2.3H 2. 28 2. 58

2. 02 I. 9.5 I. 83 2. z:J 2. 05

3. 07 2.36 2. 52 2. 24

2. 70 2. 75 2. 66 2. 59 2. 30 I. 90

2. 02 I. 9.51 2.10 2.~8 i I. 13 : ~. 10

9·!. fi4 ' 99. 77 ,, 100. 8·1

'.1Z6: ~§ i '}~~: ~~ '}~~ ~! 104. Gr. '111. :Js '118. 13

'102. 38 ................. . 'lllS.OO ................. . '!01. 21l

94. 71 '96. 00 p 95. 71) r 77. lfi

80.39 ! '87. 74 105.22 '63. 47

85.01

r 64. 56 '64. 40 '64. 74 r 57. n6 '56.15 '9fi. 22

'104. 72 103.79

r 78. !)"; P Ti. i\1

81.19 I- ~ll. [jj '89.19 p 88. !Jl

r 67. l.i P fl5. ;{li 65. O:J '64. 48

.15. fi!J P bfl. 5H '95. oo '94. :ln

r 106. 59 " In5. 4H

101. 7f< '102. 41 p 101. 8·1 'lOS. 58 ' 118. 90 ' 116. 47 p 11fl. 11 '124.01 ' 97. li61 ' 101. 59 p 100. 44 , no. 4:J , t.io. 01 ,, 60. 91

j~: ~1 H~~:~:~ -~~~~~~:~ 117.83

r ~)5. 90 ' 113. 88 r 110. ~7

1H.1·1

'95. 44 '89. 95

'109.03

HI. 71

t)fi.38 47.4ti

• 69.81 r 88. il

I I I

1::::::::: ::==:::=:

;

!:~~~~~~~~ ~~~~~~~~~ i

r 68. 2t) i------~-- ----·---~ '48. 24 f .................. .

46.37 1 ................. .

r 54.a5 i _________ ---------

2. 23 2.lfi 2.38 2.31

r 2. 59

2.01 'I. 94 '1. 83

2. 24 '2. 78

3.00 2.36 2. ,)2 2. 24

2.67 '2.68

2.66 '2. 6:l

2. 31 1. 91

2.03 1.9fi

'2.14 2.43 1.72 2. 1~

r 2. 27 2.20

'2.43 2. 35

'2. 61

r 1. 85 '2. 24 r 2. 85

'2. 41 '2. 54 r 2. 27

r 2. ia

'2. 33 r 1. 9-l:

2. 04 I. 97

'2.17

p 2. 2~J

p 2. 4.5

, 2.n1

I• 1. 97

PJ.N 11 2. 2H p 2. ~.)

p 2. 43 P2.M p 2. 2i

p 2. it}

1'',!,:);{

p 1. \Jl

/) :2. ().)

J! 2.19

~HI'Yiscd srri<'S (first shown in Septemh('r 19tl9 SrRYEY); dilta bc~_.dnning Lwuary Hl.iR Jn' caleulatt•d on ;t di!Tt·r~·nl ba.-:is ~1.nd arP not strktly r>fmip:lLthh• with puhlislwd fil!nr••-: through Dct·!·Inht•r 1957.

§IJNiY('(l. by assuming thnt ovt•rtimt· hour::' arl' paid at the ratl· of tiiiH' ;tnd um•-lwlf.

SUHVEY OF <Tinm~T BUSINESS S-15

~!uless otherwise stated, statistics through 1958 and 1 __ _19~~ --~,----,----,---,------,---,----19,5_9 ___ ,----,----,---,-----,,-----1 descripti"e notes are shown in the 1959 edition of nccem~ .Tanu- I Fehru-1 'l•trclt I I I I ,. •\tJrrust I Septem-j Oc•tol>ei·\ ~·ovem-J Decem-BUSINESS STATISTICS . b~1• " , • April May June July - ~ l>"I' . b"J' bel' ..._ ary nrr

1 ,- '--

1960

Janu­ary

EMPLOYMENT AND POPULATION-Continued

HOURS AND EARNINGS-Continued

..:\ \-~·r;!g(• 1lour1y ~ross earnings (U .. -..:. DE'pnrtmpnt of T.abor)-Continucd

.\ll manufacturing indu:;:trif's-Continuf'd S ondurable goods industries-Continued

Tobacco manufactures__________ dollars_ Tt•xtile mill products\'. .. .. do ___ __

Broadwoven fabric mills ___________ .... do. ___ Knitting mills. _________________________ do. __ _

Apparel and other finished textile prod ____ do. ___ l'arwr and allied products ____________ do __ __

J'ulp, paper, and paperboard mllls _____ do .... Printing, publish in~. and allied industries .. do __ __ Chemicals and allied products _____________ do.

Industrial organic chemicals ___________ .. do. __ Products of petroleum and coaL ____________ do ...

Petroleum refinin~r. _____________________ do Hub her products __________________________ do __ _ Leather and leather products ______________ do ___ _

N onrnanufacturing industries:

M~;-;;E~~~ii~~=====:::::::::=: ::::::::::: ::Jg: :::I ~:.~~~l~~:sa'ii'J'n.aiiii-a!:ias- i>J.<><Iliciiofi --<e~~el>t.l

contract services) _________________ ._ ... dollars .. :t\'onmetallic rninin~ and quarryln~--- _ ... do ___ _

Contract construction ________ ----------------- do ___ _ :Jonhni1ding com:;trnetion _______ ----------dO----~ Building constrnction _____________________ do _

'l'ransportation and public utllltles: Local railways and bus lines ______________ do .... 1't·l<·phone __________________________________ do .. --Gas and electric utilities ____________________ do ___ _

WhoiPsale and retail trade: '\'JIOIPsaletrade ___________________________ do __ __ Hl't:lil trade (except catilw and drink!ng places) I'

dollar,< __ Grw\rnl merchandise ::-tores ____________ .do ___ _ Food and liquor stores_ ___ .. ____________ do __ _ Automotive and accessories dealers ______ do __ __

Sen-icc and miser llaneous: Hotels, yPar-round _________________________ do __ __ 1.aundrit>s _________________________________ do ___ _ Cleaning :md dy!'lng plants. _______________ do ....

Miscellmwous wage data: Comtmction wages (ENR): §

1.6.1 1. 52 ]. 47 ]. 47 ]. 52 2. 1.1 2. 2U 2. 65 2. 36 2. 52 2. 77 2. 85 2. 4!i ]. .19

2. 60 2. 5.~ 2. 64 3. 04

2. 68 2.13 3.10 2. 78 3.19

2.16 2.10 2. 52

2.19

1. 68 !. 33 1.88 1. 94

1.16 1.14 1. 34

Common labor_ ____________________ ... dol. per hr.. 2. 482 Rkilkdlnbor ________________________________ do____ 3. 764 Equipml'nt operators _________________________ do ___ 3. 394

Farm wa~es, without board or room (quarterly) dol. per hr .. ------

Railroad wages (average, class I) ______________ c\o____ 2. 529 Hoad-buildin~ wa!(es, common labor (qtrly) __ .do ___ _

LABOR CONDITIONS

Labor turnovt~r in manufacturiug estnblislunents: .-\ecPseion rate, totaL ..... mo. rate per 100 employees __

.?\t'\\' hires. ___ .. _------------------- __________ do ___ _ 8L'JnLrat1on rate, totaL---------------------- ___ do ___ _

Quit ____________ ------------------------ .. do __ __ Layolf ______ .. __ ----------------------- ______ do ....

Industrial disputes (strikes and lockouts): Bt·~inning in month:

Work stoppages _________ -------- _______ .. num her __ Workers involved.-------------------- thousands __

In df(•c·t during month: "' ork ~toppages _______ ----------- _______ number __ W ork<'rs involved. ____________________ thousands._ Man-days idle during rnonth ________________ do __ __

EMPLOYMENT SERVICE AND UNEMPLOY­MENT INSURANCE

Konfarrn placements __________ ---------- __ thousands .. lJnC'mployment insurance progran1s:

Insmwl unemployment, all programst _________ do __ __ ~tatP programs:t

I nit i:tl claims ____________ ---·· __ ._. ______ .. .do __ __ Insureclunempioyment, weekly averagc ... do ___ __

PPrcent of covered employmentc?' ____________ __ Bt•neficiarip,s, weekly average ________ thousa.nrls. _ Benefits paid _________________________ mil. of' doL

Federal employees, insured unemployment thousands._

\'l'l<'nms' program (UCX):* Initial claims ________________________ t!wus~nds .. Insured unemployment, weekly avemge ___ do __ __ Beneficiaries, weekly averag(' ______________ do ___ _ Benefits paid ________________________ mil. of cloL.

Hailroad program: Applications ___ ------------- ________ thousands._ Insured unemployment, weekly averagP_. __ do ___ _ Benefits paid ______________________ mil. of doL.

2.4 1.1 2.8 .7

1.8

136 58

357 169

2,430

406

2, 316

1,910 2,086

5. 3 I I, 739

z:l0.1

34

33 46 38

5.1

22 125

19.8

!. 64 l. !)3 1.47 1. 48 1. !i3 2.16 2. 29 2. 63 2. 36 2. c3 2. 78 2. 86 2.44 1.60

2. 64 2. 56 2. 66 3.16

2. 71 2. 12 3.11 2. 7:-l 3.19

2.17 2.11 2. 52

2. 20

!. 74 1. 39 1. 88 1. 97

1. 15 1. 1.1 ]. 3,1

2. 504 3. 781 3. 378

]. 03 2. 546

1. 94

3.3 1.5 3.1 . 9

1.7

22.1 75

325 150

2,000

398

2, 739

I, 772 2.489

6. 3 l 2,16(i

274.7

39

32 64 55

7.1

17 122

20.3

1.6c 1. 53 1. 47 I. 48 I. 6:l 2.17 2. 29 2. Gri 2. :l7 2. 52 2.8!i 2.9f> 2.4:! J. r.o

2. fl7 2 .. 16 2. 77 3. 17

2. 81 2.13 3.10 2. 76 3.18

2.18 2.12 2. !)4

2. 20

I. 74 1. 37 I. 91 1.96

1.16 l.l!i I. 35

2. 504 3. 792 3. 417

2. 587

3. 3 1. 7 2. 6 .8

1.3

200 75

300 140

I, 500

378

2, 596

I, 263 2,368

6.0 I 2, 157

2.11. 0

39

29 71 66

7. 7

8 94

!3.8

I. 69 I. 57 I. 52 I. 49 1. ,c3 2. 17 2. 29 2. 68 2. 37 2 . .'3 2. 87 2. 97 2.47 1. 60

2. 6(;

2. 58 2. 77 H. 19

2. 80 2.13 3. 08 2. 74 3. 17

2.18 2.13 2. 5.1

2. 22

I. 74 I. 37 1.90 1. 98

1.15 1.16 I. 36

2. 503 3. 796 3. 418

2. 531

3.6 1.9 2.8 1.0 1.3

250 90

350 150

1,000

445

2,282

1,123 2, 077

5. 3 I J,9f>8

2ro. o

38

28 71 68

8. 7

6 76

12.5 I

r Hevis(·d. P Preliminary. l Iucludt•s opt•rutions UlHll·r Fe<lerul muployet·s· program.

I. 72 I. 57 I. ii3 1.49 1. f>2 2.18 2. 30 2. 68 2.36 2. f3 2. 89 2. 99 2.43 ], 61

2.6:i 2. 58 2. 7.1 3. 26

2. 79 2.14 3. 07 2. 7!i 3.17

2.19 2.15 2. 55

2. 23

1. 75 1.38 1.90 2. 01

1.16 !.If> 1.36

2. 503 3. 796 3.424

. 99 2. 530 I. 99

3. 5 2.0 3.0 1.1 1.3

350 175

475 250

2, 500

.120

1, 936

1,086 I, 768

4 .• I l 1, 708

213.7

34

26 64 65

8. 5

5 58

9.1

I. 74 I. 58 I. 55 I. 4\l I. 52 2.18 2. 31 2. 68 2. 39 2. 55 2. 87 2.98 2. 41 I. 61

2. 67 2. 60 2. 73 3. 27

2.80 2.15 3.07 2. 76 3.17

2.20 2.17 2. 56

2. 24

1. 76 1. 39 I. 91 2.03

1.17 1.17 1.38

1. 73 I. 58 1.51i 1. 49 I. 50 2. 20 2. sa 2. 70 2. 42 2. 57 2. 88 2.98 2. 45 1.61

2. 6~ 2.61 2. 74 3. 26

2. 80 2.17 3.07 2. 7\1 3.17

2.20 2.18 2. 57

2. 25

1. 77 1.40 1.91 2.05

1.18 1.17 1.38

2. 535 2. 549 3. 818 3. 846 3. 444 3. 449

2. 549 2. 537

3.6 2.2 2.9 1.3 1.1

400 175

550 300

2. 750

1, 593

880 1,464

3. 8 I I, 390

162.0

30

19 52 53

6. 5

4 39

8.6

4.4 3.0 2.8 1.3 1.0

450 185

700 325

2. 750

581

I, 414

973 I. 298

3. 4 l 1.182

142.\1

28

23 43 43

5.6

8 35

21.2

1. 76 I. 58 I. 55 1. 48 1. 51 2. 21 2.36 2.71 2. 44 2.60 2. 89 3. 00 2. 52 1. 59

2.\i4 2. 58

a. 23

2.82 2.18 3.10 2.81 3. 20

2. 21 2.19 2. 58

2.26

1.77 1.39 1. 93 2.05

1.18 1.17 1.37

2. 603 3. 885 3. 483

1.00 2. 521 2.14

3.3 2.2 3.3 1.3 1.4

425 650

700 750

\1,000

564

I, 477

I. 228 1, 333

3. 5 1,100 142.5

28

27 43 39

5. 3

87 (i3

18.9

1. 62 I. 59 I. 56 I. 49 1.52 2. 22 2.36 2. 71 2. 44 2. 59 2. 86 2. 97 2. 49 1. 60

2.64 2. 48 2. 75 3. 29

2. 83 2.21 3.13 2. 82 3.23

2. 22 2.19 2. 59

2.2ti

I. 77 1.40 I. 92 2. 03

1.18 1.!7 1.37

I. 55 I. 59 I. 57 1. 50 !. 53 2. 24 2. 40 2. 7.1 2.47 2.65 2. 91 3.03 2. 47 1. 61

2.(\4 2. 47 2. 77 3. 29

2.84 2. 22 3.1G 2.85 3.2(i

2. 23 2. 20 2. 61

2. 21 !

I. 78 I. 41 I. 94 2.00

I. 20 1.18 1.38

2. 619 2. 624 3. 904 3. 921 3. 450 3. 52ti

3.9 2.5 3. 7 1.8 1.4

425 170

700 7.50

13,000

570

I, 451

I, 011 I, 291

3.4 1,102 133.4

28

25 44 42

5. 2

351 79 27.3

2. 542

-----,

3. 9 2.6 4.3 2.2 1.5

400 100

650 7HO

14,000

633

1,370

936 1, 203

3.1 I, 097 141.8

27

24 40 39

5. 2

32 94

26.1

I. 59 I. 59 I. ,\6 I. 49 1..52 2. 23 2. 38 2. 73 2. 43 2. 61 2. 8R 2. 98 2. 48 1.61

2. 65 2. 46 2. 7{) 3. 2ti

2. 80 2. 21 3.18 2. 90 3. 27

2.22 2. 22 2. 63

2. 26

I. 78 1.41 I. 94 2.04

1.19 I. 18 I. 39

2.624 3. 931 3 .. 140

.89 2. 532

'2. 20

3.1 2.0 4. 7 1.4 2.8

300 130

550 780

14,000

556

1,479

1,197 1, 309

3.4 I, 050 136.9

28

27 41 36

4.8

22 97

2.1.8

1.69 I. 59 1. 56 I. 49

r 1.!;3 '2. 23 '2.38

2. 71 2.44 2.61 2. 90 3.01 2.46 I. 62

'2. 70 '2. 61

2. 76 '3. 30

2. 86 '2. 22

3.19 '2.85

3. 28

2.23 2. 21 2.64

2. 27

1. 77 I. 40

'I. 95 2.03

'1. 20 1.18

'I. 39

2. 624 3. 931 3. 559

•3.0 •1.5

4. I 1.0

'2. 6

200 50

300 G50

4, .500

465

1, 853

I, .501 1, 677

4. 4 I, 285 168.3

31

'29 48 42

5. 3

21 93

21.7

I. 70 pI. 72 l..IU PJ.60

1.53 Pl,54 2. 23 p 2. 24

'2. 74 2.45

'2. 89

'2.49 1. 62

2. 627 :J. 942 3. 5ti0

p 3. 5 pI. 2 1l 2. 9 •.8

Pl.{)

150 20

250 100

1,500

p 2. 74 p 2. 4ti

,, 2. 91

p 2. 48 p 1.62

2.638 3.948 3. 5!\3

1.05

432 ---------

I, 645 1,841 2, 180

4.8 5.fi I, 545 219.5

33 38

31 5:l fil 50

7.0

I' Includes data for industries not shown separatc•ly. §Rates as of February I, 19GO: Common labor, $2.638; skilled labor, $3.950; equipment operators, $3.572. !Beginning with the October 1959 SrRVEY, data are revised to incltH!c operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'

pro~rmn (shown separately below) except as uoled. c?'Rate of covered employment expresses average insured unPmploymcnt in rach month a< a percentage of average covered employment for the most recent 12-month period for which data

arc av:~ilable (the lag for cowred <'Inploym<'nt data may rang<' from 6 to 8 months). '}.;'''""'rice. Data relate to persons Pligibk for compensationundr:r the Ex-~erYitt•mcn's Fnemploymcnt Conqlcmation Act of J9!i8 (effective Oct. 27, 1908).

S-16 SUHVEY OF CURREXT BUSIXESS

Unless ot~1erwisc stated, s~ati~~~;s through 1958 and--~----~~~~-~----· de~::eriptive notes are F>hown in the 1!159 edition of De'"'"lil- J \l')ll

BUSINESS STATISTICS I ~~~r · ~:Y-

BANKING I Open markrt paTl<'l' \mtstanding, f•nd of mo.: . j

Bankers' accpptan('cs ____________________ rrd1. .)f d(JL_I Connnf'rcial nnd financC' company rlapl'l', totaL_do ----1

Placed through dealers ______________________ clo ___ _ Placed directly (finance paper)' _____________ do ____ I

Agricultural loans and discounts outstandhlg of fl~cn- 1 cics supervised by the Farm Cr<'dit Adm,: 1

TotaL ___________________________________ nnL of doL_ I Farm mortgage loans: Federal land banks __ do ___ _ Loans to coopcratives ________________________ do ___ _ Other loans and disconnts ___________________ do ___ _

Bank debits, total (344 centers) __________________ do ___ _i New York City -------------------------------do ___ _ 6 other centers a'------------------------------ _do ___ _

Federal Reserve banks, condition, end of month: Assets, total<;> _________________________________ do ___ _ Rosen-e bank credit outstanding, total\'---- .do ____ l

D1scmmts and advances ___________________ do ___ _ United States Government securities ______ do ___ _

Gold certificate reserves _____________________ do ___ _

Liabilities, total<;> -----------------------------do ___ _ Deposits, total? ____________________________ do ___ _ MPmher-hrmk reserve balanccs ____________ do ___ _

Federal Rrserve notes in circulation _________ do ___ _

Ratio of gold certificate resen·es to deposit and FR note liabilities combined __________________ percent__

All mem her banks of Federal Reserve System, anragcs of daily figun•s:*

Excess reserves __________________________ mil. of doL_ Borrowings from Fed. Resen·e banks __________ do ___ _ Free reserves __________________________________ do ___ _

Weekly reporting memher banks of Fed. Reserw Sys­tem, condition, Wednesday nearest end ofmonth:t

Deposits: Demand, adjusted(J) ___________________ mil. of doL Demand, except interhank: I

IndiVIduals, partnerships, and corp _______ do ___ _ States and political snbdivisions ___________ do ___ _ United States Gov·crnmpnt_ _______________ do ___ _

Time, except inter hank, total\' ______________ do ___ _ Individuals, partner~ hips, and corp _______ rlo ___ _ States and politiral snbdivisions ___________ do ___ _

Interbank (demand and time) _______________ do ___ _

Investments, totaL ___________________________ do ___ _ U.S. Gowrnment obligations, direct and guaran-

teed, totaL ________________________ mil. of doL_ Bills ______ ----- ___ ----- ____ ------- _________ do ___ _ Certificates _______ -------------- ___________ do ___ _ Notes and honds __________________________ do ___ _

Other securities _____________________________ do ___ _

Loans (adju.st<•d), l?tni(J) __ . ____________________ do ____

1

_

Commercwl and tndustnaL _________________ do ____ _ To brokers and dralers in securitirs __________ do ___ _ Other lmms for pnrchnsing or currying: seeuritit'S

. . . . mil. ofcloL_j To nonbank financial InstitutiOns ___________ do ____ 1_ Real estate loans ____________________________ do ___ -I

1,1\14 2, 7~1

~40 1,DWt

3. 812 2, 08\1

510 1, 214

238, 975 92, ill 48, 6£,(1

53. nn5 27. 755

64 26,347 19,951

.53, 095 19,526 18,504 27, 872

42.1

516 557

-41

63,507

08, 59!) 4, 841 2, 952

30, 375 28,390

1,800 lH, 429

44,821

34,627 2, 400 4, 325

27, f/02 10,194

z,stm

1, 315

11, 487

1, 1~:{ ~). (\7\i

~75 2. ~01

3. 8GS 2, li)fl

519 1, 240

221, 9fi3 86. 5!17 44, 5(1!5

52,223 27, 197

462 25.715 19.8\12

52,223 19,9-13 18.878 27, 16:!

42.2

497 557

-59

62,791

()5, H-i8 4, 719 2, 904

30,071 28, 101

1. 78G 14. o;Jg

44, 714

34. 701 I 2,1\13 3, 817

2S. H91 I 10, 1)]3 i

I

2: 14b i I. 3621

11, 505

Fl'hru­nry

1.161 ') ':P'> . '~97 2,125

3. HD\! 2. 1:l8

018 1. 3fl3

lfl;), 7()4 74,346 il9, 635

52.226 27.020

632 25, 350 HI. 8!13

52. 226 10, fli7 18.5411 27, 022

42.6

460 508

-47

61,268

fl4, 296 4, 583 2,861

30,128 28,150

1,800 13, 742

43, 443

3:l. 412 2, ;J51 3, ROR

27, 2.S:~ 10,031

1, f!39

I, 381

11, 599

CIL:rc!J I .\J,ril I FINANCE

1,(61 3. 2Hi'

~~;{

2. 384

4. ll73 2. 17.5

518 1. 3'"

2~3. 3fi7 84, 710 47,485

51 491 26.716

327 25,4\17 19.860

.)1. 4fll ]fl. 285 18_ 1!12 26. 965

42.9

461 601

-140

60,057

63, 125 4,833 5, Oll!l

30,337 28,371

1, 781l 14, 991

43,474

33,123 2, 676 2, 854

27. 593 10.351

2,309

1 0''',) 3: iJ34 2, 512

~. 184 2. 2tl(i

,S15 l. 463

.)2. :l46 27,176

5110 25.703 19,715

52. 3411 1H. 542 18_ 3!!6 25,\183

42.4

417 676

-258

62,016

fi4, 24B 5, 124 2, 934

30, 3F8 28, 411

1, 7H8 13. 700

42, 322

31,877 2, HlO 2,1373

27,044 10, 445

2:;2;i 1

1,430 i l.~W I 11, fifl-1 :- 11' 820

I, 038 3,5[15

71J1 2. 704

·t. 2V4 2. 237

,,];j L 543

zw.oo:J so. 725 H.G4fl

52,200 27, 777

!184 2.5. ~)(\5 1!1, 605

.12. 200 1~. 687 18. 459 27, 1.16

4L II I

448 767

-318

GO, 240

62,781 4, 71\1 2,806

30, 644 28. ()28

1, 810 14,058

41,333

3~:~i:~ I 2, 372

2\i, 3Ci3 10, 238

2, 149

1, 7-12

11, G69

Mm~:h:~:o:tsr·;;~; ~~~~:;~ __ ----------- _________ do ___ -~-Bank rates on businrss loans:

rn J~,~i\~~~:v cii~;~ ~~ =~~=~ ========= ==== == = =~~·x~~ ~::II -1.50 4. 29 4. 51! 4_ 79

- ----------------- -- 1-

!. ~0 1:=======: ========= 7 other northPrn and eastr,r\1 citics _________ do ____ 1 11 southern and 'vrstrrn Cltles _____________ do ____ l

Discount rate, end of mo. (N.Y.F.R. Bank) __ _clo ___ _ Federal intermediate credit bank loans ________ do ___ _ Federal land bank loans _______________________ do ___ _

Open market rates, New York City: Bankers' acceptances (prime, 90 days). ______ do ___ _ Commercial paper (prime, •1~6 months) ______ clo ____

1 Finance Co. paper plaeed directly, 3~6 mo. • __ c]o ____

1

Stock Exchange call loans, going rate ________ cto ___ _

Yield on U.S. Government securities (Ln:lhle): 3-month hills (rate on nevY issnr) __________ clo ___ _

SaYin:~::~::i~:s:~::;,~~~~-:~ -;r~~;t-~;~,:~~~;:~::,_do_---~ New York State savings banks __________ nlil. of doL_ U.S. postal saYings, ___________________________ do ____ '

2. 50 :J. 64 5.13

2. 75 3. 33 2_ 94 3. 75

2. 814 3_ li5

20.044 1, 134

2. 50 3.78 5.17

2. 75 3. 30 3. 05 3. 75

2. 837 3. 86

20.1167 I, 121

2_ 50 3.B7 5.17

2.75 3. 26 3.00 3. 75

2. 712 3.85

211, 119 I, 107

-1_ 4!1 --------- ---------4_ 84 --------- ---------1

3.110 3. 98 5.21

2.88 3.35 3. 22 3. 75

2. 852 3. 88

20.33-1 1. 0\14

3.00 4. 07 5. 33

2. ~8 3. 42 3. 3() 3. 75

2. (!60 4_ 03

20. 277 1,1182 i

3_ 50 4. 25 5. 48

3_ 17 3_ 56 3_ 44 3. 96

2. 851

4.161

20.335 I J.ll71) 1

1959

June / July

983 3, 401

729 2, 672

4. 400 2. 262

.120 !, 612

228, f\01 86.5\18 46,429

51.965 27,337

421 26.044 19.416

51,965 18,832 17,640 27,402

42. ()

408 921

-513

60, 835

64, 473 4. 864 3, 056

30,967 29,022 !, 767

14,189

40, 125

29,980 1. 747 2,157

2G. 076 Ill. 145

63, 351 28, 4~2

2, 187

1, 410 5, 294

12.198 16.638

4. 87 4. 71 4. 90 5.117

3. 50 4. 53 5.48

3. 31 3. 83 3. fiG 4. HI

3_ 247 4. 33

20. 483 I, 1142

9.)7 3, 552

759 I 2, 79:3

4, 470 2, 282

542 1, 646

23.1, fi37 89,600 41<, 422

,)2, 724 28. 569

1, 229 26. 543 19, 333

52. 724 20, 042 18.905 27. 499

40.7

400 957

-557

62,214

64, 539 4, 699 3, 310

30,754 28.924

1. 652 13,199

40_ 367 I 30.242 2, 753 l. 850

25.639 Ill, 125

63. 820 28, 585

2,1116

1, 4:)8 :

~· ~~~ I L. -" I 16, ()44

B41) 3,1l41i

7H5 2,B!il

4. 4\!8 2, aoo

M\1 l. 650

208, 130 7.)_ 233 4:l. 265

52,013 28.181

692 26,6\10 19. 227

.12,1113 19,364 18_ 245 27, 581

41.0

472 1, 007 -535

60,216

f>3, 014 4, 606 3. 672

30, 707 28,965 !, 56(!

13,964

39,133

29, 057 2, 297 I, 093

25,667 10,076

64, 624 28,9\12 2. 025

1, 4:38 ;), ;:'i77

12, 34.1 16,713

________ _)_ _______ _

---------1------------------~---------

3. 50 3. 50 4. 82 5. 06 5. 52 ,)_ 60

3_ 45 3.\18 3_ 81 4. 25

3. 243 4. 40

20,374 I. 023

3. 56 3. 97 3. 87 4. 25

3_ 358 4. 45

20,406 I, 007 I

r Revised. 1 Revised effective Septemller 1959 to rdlect l'\C'lusion of loaJIS to nonbank financh\ i11stltut ion:-;. *New srries (fronl Board of Governors of Ff'deral Rr~('ITl' .Sy~t('1n); for hack data, sre Federal Rrserre I?ulletiu.'l.

954 3, 334

763 2 .. l/1

4. :ill 2_ ~18

;)';"()

1, 017

215,843 81,067 43, 2.59

.12. 739 27.805

3311 26. 5fo3 19,2113

52, 73(! 19.223 17. 760 27. 51.)

41. I

410 \103

-493

l;Q, ISO

64. 184 4.1l:3] 4. 279

30,740 29.0113

1, 508 14,015 '

38,229

28,121 1, 990 1, 033

25,098 10,108

tl5,3!i4 29, 4~1

2, 061

1, 35f) .s .. ~50

12, 4.~li 10 .. s3n

! .~. '27 1,1.14-1 5. 28 l 0. 4'1

L 00 5. 07 5. 71

4. 07 4. 63 4. 52 4. 75

3. fi9R 4. 78

20,551 H\12

Felnna ry 1 ~ltiO

9-15 3, 7~4

755 3, 029

4, 487 2, 333

fi16 ], .138

k~~~ 781

2, 880

4, 4fl2 2, 34.5

0-12 !, 474

2:10, 2451'217. 139 S9, .119 82. 2i'3 4{\, 083 43. 810

52,942 2H, 4ti9

877 2G, 63! 19,290

52,942 19,924 18, 81~ 27, 562

40.6

446 905

-459

.13. 5.55 28.946

833 26,922 19, ~77

53, 555 19, 68fi 18.415 27,954

40.5

44.) 878

-433

1,1:i1 3, llS

n:t; 2, 491

4,-119 2,:)110

il22 1, .J•li'

2<ll. 121 10-l. '171\

.SL 7113

:'54, P28 2~. 771

4.\8 2h, 1;48 W,1C4

.14, o~q lP, /Hi 18,17! 28. 2fi2

39.9

482 906

-424

6!,2~9

64,740 4,34() 3, 477

61, 017 ' 63. 204

30, .}~2 2H, 963

I, 42.1 13,330

38, 144

2S, 194 2,1J9(i l,llfi

24. ~82 9, 950

G5, 244 2!l, 516

2.115

;. ~~g ,), 211

12,.127 1G, 7G9

64,626 4, 7S2 3,838

30, !59 28,704

I, 309 13.894

37,918

28, lti4 2,489 !, 123

24, 552 9, 7.54

66,335 30,015

2,188

1.329 s,r,;n

12,574 17, fill)

r:~:~~~~l 4. (Ill 4. 00 .)_ 37 5. 44 .)_ ss 5. 92

4. 25 4.73 4. 70 4. 75

4.117 4. 69

20,363 U/6

4_ 25 4_ 67 4. 38 4. 75

4_ 209 4. 74

20,424 962

G7,1H1 4, 81-1 3,139

30,.133 28,969

1, 420 '14. 34<l

r 37, 294

r 27, 41\8 '2. 2-13

I. 081 <24, 111

r 9, 821\

r !~8. ()(\9 r 30,4t1.1

2. !i/9

'!, 338 T R, 187 12, !if(~

r 1/, 47.~

5. 31i fi. 19 .1. 39 ,l) .• ')li

4.110 .). 50 u. 00

4. 47 4. 8~ 4. 82 4. it)

4. [J/2 4. fJ5

20,11.\1 948

.12, 262 27,613

8fi2 25,464 19. 155

.52, 262 19,.\36 18,396 27, 599

40.6

60, 616

fi3, 727 4, 921 2. nOi

30,146 28,483

I, filS 13,303

3fi,l41

2fi, 444 2,0\Jl 1, 20:l

23. 240 9.1;97

till. 036 29, 970

1. n:Js

J.:H2 5, 487

12, (i2;) 17, 2-tl

4. 00

4. 78 4. 91 .)_ 02 .I_ 42

t 136 4. 87

20 .. \44 928

d' Includes Boston, Philadelphia, Chicago, Detroit, San Yrancisco, and Los Angeles. <;> Inrlnd<'s data not sllmm separately. tRevised series, reflecting change in coverage and format; leaders indicate comparable data not nniiiahl(_'. Fip-m·es through 1958 on old ba;;is appear in the 1959 edition of Bf-SJ~ESfl.

STATISTICs; January~June 1959 figures, in September 1959 Sl'RVEY. EBFor demand dPposits, the term ''adjusted" denotes exclusion of interbank and U.S. Gov('nlllH'nt (!l-po~its nnd of ensh itPms reported as in process of colh~ction; for loans, exclusion of

loans to hanks (domestic commercial bunks only, beginninf! July U)5~)) and deduction of ,-aluationresl'ITe,:; (indi\"icltwlloan itC>m:-: an· .cross, i.e., before dedurtion of nlluation n'serve~). ~For hond yields, sec p. 8~20. ,Data nrc as of end of consecutive 4~week periods ending in month indicHtcd, except June fi~nn' "IIi eli is"-' or .JmH· 30 (end of fiscal year).

SURVEY OF CURRENT BUSINESS

Un!ess otherwise stated. statistics through 1958 and ~~~~~-~ descriptive notes are shown in the 1959 edition of Dec ~m~ BUSINESS STATISTICS h~;.

CONSUMER CREDIT f (Short- and Intermediate-term)

Total outstandin~, end of month ......... mil. of doL.

Installment credit, totaL ...................... do .. ..

Automobile paper.----------------- ......... do ... . Other consumer goods paper ................. do .. .. Repair and modernization loans ............. do ... . Personal loans ______________ -________________ do ___ _

By type of holder: Financial institutions, totaL .............. do .. ..

Commercial banks ...................... do ... .. Salrs finance companies _________________ do ___ _ Credit unions ... --------------- ......... do .... Consumer finance companies ____________ do ___ _ Other ................................... do .. ..

Retail outlets, totaL ....................... do .. .. Department stores ...................... do .. .. Furniture stores ......................... do ... . Automobile dealers ...................... do .. .. Other ................................... do .. ..

Koninstallment credit, totaL .................. do .. ..

Single-payment loans ........................ do ... . Charge arcounts ............................. do ... . SerYice credit. ............... ----------------do ... .

By type of holder: Finanein.l institutions _____________________ do ___ _ Retail outlets .............................. do ... . Service credit. ............................. do ... .

Installmpnt ercdit extended and repaid: Unadjusted:

Extrnded, totaL ............................ do ... . Automobile paper ......................... do ... . Other ronsunH~r goods pnper _______________ do ___ _ All other .. -------------------------- ...... do ... .

Repoid, totaL ............................... do ... . Automobile paper ......................... do .. .. Other consumer goods paper. .............. do .. .. All other .................................. do .. ..

Adjusted: Extcmled, totaL ............................. do ... .

A utomohile paper ......................... do .. .. Other consumer goods paper ............... do .. .. All other .................................. do .. ..

Repaid, totaL .............................. do ... . Automobile paper ......................... do .. .. Other consumer goods paper ............... do .. .. All other .................................. do .. ..

FEDERAL GOVERNMENT FINANCE

Budget n•ceipts and expenditures: Receipts, totaL ......................... mil. of doL.

Receipts, net .............................. do ... . Customs .................................... do ... .

Individual income taxes ..................... do .. .. Corporation income taxes ____________________ do ___ _ Employment taxes .......................... do .. .. Other internal revenue and receipts .......... do .. ..

Expenditures, totaL .......................... do ... . Interest on public debt. ..................... do .. .. Vetrrans' services and benefits_----------- __ do ___ _ Major national security _____________________ do ___ _ All other expenditures ....................... do .. ..

Public debt and guaranteed obligations: Gross debt (direct), end of month, totaL ...... do .. ..

Interest hearing, totaL ...................... do .. .. Public issues .............................. do ... . Special issues .............................. do ... .

Noninterest bearing _________________________ cto ___ _

Obligations guaranteed by U.S. Government, end of month .............................. mil. of dol ..

U.S. Savings bonds: Amount outstanding, end of month ......... do .. .. Sales, series E and H§ ....................... do .. .. Redemptions_ ................... _ .....•• _._. do •. _.

LIFE INSURANCE

Institute of Life Insuranco:t

45, 586

34,080

14, 237 8, 923 2,350 8, 570

29,097 12,780 8, 740 2, 668 3,384 1, 525

4, 983 1, 882 1, 128

,506 I, 467

11,506

3, 646 5, OoO 2, 80()

3,646 5, 060 2, 800

4, 393 1, 378 1,433 1, 582

3, o3.o 1, 305

9(i2 1,3G8

3, 757 1, 4:U 1,000 1, 326

3, 442 1, 270

962 1, 210

6, 848 fi, 180

78

2, 512 2, 419

441 1, 397

7, 080 647 440

4, 212 1, 781

28~. 922 280,839 235,999

44,840 2, 084

109

51,878 370 586

Jann· ary

45,094

34,029

14,271 8, 833 2, 330 8, 595

2\l, 178 12,908 8, 73:1 2, 647 3,380 1, 510

4, 851 1,805 1, 095

508 1, 443

ll, 065

3, 599 4, 619 2, 847

3, 599 4,f>l9 2,847

3,369 1, 254

02!1 1,190

3, 447 1, 231 1,023 1,1\1:1

3, 8fi2 1, 445 1,101 1, 3lli

3, 460 1, 259

980 1, 221

4, 95(\ 4, ,>CS

7(i

2, 944 424 321

1,192

ti, 776 f>7.0 445

3,693 1, 963

285,801 283,808 239,901 43,907

1, 993

106

51,624 48(\ 867

FINANCE-Continued

44, 748

34,025

14,339 8, 727 2, 324 s,6o5

29,238 12,938 8, 724 2,071 3,377 1, 528

4, 787 1, 807 1, 079

509 1, 392

10,723

3, f,97 4,098 2, H28

3m· 4:0118 2, 928

3, 290 1, 2{)6

8ii0 1, H\4

3, 294 1, 198

9(-it\ 1,130

3 849 1: 41lfi l,Oii4 1, 320

3, !'i10 1, 28\1

992 1, 229

s. 1.o2 li, 57ti

70

5, 202 362

1, 281 1, 237

6,331 630 440

3, 59ii 1, 795

285,104 n3, 243 239,373 43,870

1, 861

112

51,520 383 584

44, 925

34, 234

14,494 8, (;g[ 2,338 8, 711

29,499 13,086 8, 780 2, 710 3,378 1, 545

4, 735 1, 781 1, 04.o

513 1, 300

10,691

3, 755 4, 00<1 2, !132

3, 755 1,004 2, 932

3,830 1,491

(195 1, 344

3, !\21 1,:J:lli J.Ool 1, 254

3, 802 1, 431 1,074 1, 297

3,458 1, 277

981\ 1, 195

10,722 8, 42ti

89

2, 938 5, 459

857 1, 378

6, 461 649 441

3,8fi4 1, 507

282,034 280,089 236,149 43,940

1,\145

119

51,379 414 653

45, 708

34, 7fi2

14,810 8, 755 2,364 8,833

30,010 13,374 8, 921 2, 766 3,387 1, 562

4, 752 1, 781 1, 043

524 1,404

10,946

3, 812 4, 1ti0 2, 974

3,812 4, lfiO 2,\174

4, 073 1, 598 I, 090 1, 385

3, .145 1, 282 1,02(i 1, 237

3, 981 1, 524 1,144 1,313

3, 541 1, 29(\ 1, 014 1, 231

6,375 4, 258

85

4, 002 477 558

1, 255

(\, 427 652 3()1

3, 898 1, .516

285, 353 283,497 240,220 43,278

1, 856

107

51,190 350 624

4ti,H03

~i5, 357

15,128 8, 887 2,419 8, 923

30, 540 1a, 645 9, 089 2, 815 3, 394 1, 597

4,817 1,807 1,044

.535 1, 431

11, 246

3, 925 4, 359 2, 962

3, 925 4,359 2, 9tl2

4, 092 1. 580 I, 128 1,384

3, 4~17 1, 21\2

996 1, 23\1

4, 105 1, 5ao 1,Wl 1, 417

3, 629 1,318 1, 015 1, 296

8,155 5, 4~5

8!1

4, 813 410

1, 488 1, 355

6,164 650 433

3, 642 I, 439

28f>, 303 284,473 240, 271 44 203

1:830

108

51,027 338 586

!959

June I July

47, 522

36,135

1.0, 56G 9,010 2, 4(\7 9,01i2

31, 245 13,963 9,3.>0 2, 895 3,424 1, 613

4,890 1, 839 1, 052

551 1, 448

11. 387

3, 991 4, 446 2, 950

3, 991 4, 446 2,\150

4, 454 I, 780 1, 17:l 1, 501

3, Gifi 1. 342 1, 020 1, 314

4. 024 1, 505 1,129 1,390

3, 544 1, 290

994 1, 260

11,247 10,154

94

4, 241 4, 786

69tl 1,4oO

8, 631 689 431

4, 474 3,037

284,706 281,833 237,078

44, 75tl 2, 873

111

50,834 323 634

48. 047

36, 757

15,923 9,134 2, 517 11,183

31,861 14,230 9, 5\l2 2, 946 3, 463 I,630

4,800 1, 826 1, 055

565 I,450

11, 290

3, 954 4, 407 2,\129

3,\154 4, 407 2, 929

4, 315 1, 720 1,109 1, 4~(i

3,1\93 l,:ll\3 1, 015 1, 315

4, 1.52 1, 554 1,1&2 1, 44U

3, fi37 1, 334 1, 012 1, 291

3, 93G 3,2Mi

94

I, 603 5(\8 332

1,339

6, 557 728 406

3, 772 1, 651

288,682 285,840 241,779 44,0ol

2,842

110

50, 53f> 350 775

\ rgnst I ~rptrm-1 0 t be 10: oYem-1 Deeem-1 - t .. bc'r c 0 r L<•r her

48,841

37, 510

16,288 9, 289 2, 569 9,364

32, 540 14, 497 9, son 3,044 3, 511\ 1, 678

4, 970 1, 868 1,072

578 1, 452

11, 331

4, 034 4, 365 2, 932

4,034 4,365 2, 932

4,193 1,(127 I, 123 1,443

:J, 578 l,:HS

9!13 1, 2G7

4,128 1, 535 1,137 I, 456

3, 635 1, 32.) 1, 012 1, 298

7, 418 5, 67\1

87

4, 346 368

1, 321 1, 296

6, 305 724 400

3, 710 1, 471

290,396 287,599 242,876

44,723 2, 797

111

50,287 309 647

49, 3.50

37, 9<)2

16,470 9,390 2,613 9,489

32,954 14,o64 9, 949 3,093 3, 542 1, 706

5,008 1, 907 1, 078

586 1, 437

ll, 388

4, 084 4,390 2, 914

4, 084 4, 390 2, 914

4, 061 I, 515 1,123 1, 423

3.(\(1(1 I, 33:' 1, (122 1, ~54

4, Hi4 1, 517 I, 1:17 1, 510

3, (\62 1,31() 1, 046 1,300

9, 552 8,48(\

99

4, 100 3, 311

704 1,:138

6, 357 718 428

3, 783 1, 428

288,296 285,486 241,086 44,400

2,810

116

50,012 300 668

49,872

38,421

16,659 9, 534 2, 653 9, 575

33,318 14,817 10,071 3,143 3, 570 I, 717

5,103 1, 967 1, 08\1

593 1,4M

11,451

4, 050 4, 525 2, 876

4,050 4, 525 2, 876

4,185 1, 564 1, 19S 1, 423

r:m l.OM 1, 297

4. 212 1. 619 1.123 1, 470

3, 700 1,341 1, Ofi1 1, 308

3, fl2(j 3,023

9()

I, 46S 491 278

1, 299

6,868 722 405

3, 980 1, 751

291,253 288,478 244,882

43,596 2, 775

118

49,715 358 742

50,379

:J8, 723

16,669 9, 687 2,(183 9, 684

33,519 14,853 10, 117 3,183 3,622 1, 744

5,204 2, 045 1,107

592 1, 460

11, 656

..j, 117 4, t\14 2, 925

4,117 4, 611 2, 925

3, 928 1, 31~ 1,172 1, 443

3, G26 1, 303 1, 01\1 1,304

'4.083 r]..:l()fi

'1,1:;:1 '1. 181

'3, 700 1.311

r l,Ofi9 1. 320

7,152 5, 897

94

4, 444 405 965

1, 244

6, 598 743 424

3,043 I, 788

290, 58!1 287,742 244, 160 4:l, 582

2,847

124

49, !i52 332 588

52,0411

:19,482

11\,590 10. 2~~ 2, 704 9, 945

33,838 14, 922 10, 145 3, 232 3, 7fl4 1, 775

5,644 2,298 1, 1fi7

!iSS 1, 591

12, 5G4

4, 17() 5, 3iil 3,1!37

4,1711 5, :J.51 3,037

4, ti8t) 1. 293 l,fi]f) l. Ti7

a, P27 1. 372 1, OliO 1. -HI;i

'1,04'\ 1. 377 ],HI\ 1, ft23

3. 771i 1. 31il 1,0fifi 1,349

8, 31\0 7, 582

99

2, 733 3,180

527 1, 811

6,844 800

4, 231

290,798 287,704 244, 197 43, 506

3, 094

127

48,647 :177

1, 404

S-17

1960

Janu­ary

291,085 28K086 245. 4SfJ 42, !\30 2,999

130

48,273 420 9C4

Assets, total, all U.S. life insurance companies mil. of dol.. 107,580 108, 145 108,583 108,945 109,430 109,928 110,424 111, 152 111,646 111,846 112,405 112,904 ........... .

Bonds (book value), domestic and foreign, total mil. of doL 54, 286 54,857 55, 038 55, 151 55, 472 55, no 55, 993 56, 284 56, 477 56, 430 56,623 56,700

U.S. Governmcnt. ........................ do.... 7,182 7,48,5 7,414 7,229 7,251 7,235 7,246 7,259 7,354 7,169 7,147 7,016 .......... . State, county, municipal (U.S.) ........... do.... 2, 691 2, 744 2, 774 2, 840 2, 889 2, 9!>8 2, 991 3, 085 3, 115 3, 130 3, 138 3, 154 Public utility (U.S.) ...................... do.... 15,242 15,300 15,332 15.403 15,439 15,484 15,515 15.527 15,536 15,540 15,555 15,630 Railroad (U.S.) ........................... do.... 3,832 3,817 3,812 3,809 3,798 3,798 3,796 3,792 3,794 3,792 3,796 3,795 Industrial and miscellaneous (U.S.) ....... do.... 22, 198 22, 348 22, 531 22, 680 22,880 23, 009 23, 194 23, 342 23,395 2:>, 479 23,643 23, 738

'RcYiscd. t ReYisrd series (to adjust to 1958 benchmark data, to incorporate other changes, and to include data for Alaska beginning January 1959 and for Hawaii beginning August 1959). ReYisions for installment credit extend back to June. 1956; those for noninstallment credit, back to January 1947. For revisions prior to October 1958, see the l\oycmbcr 1959 Federal Reserve Bulletin.

§Data for various montiJR through September 1959 include minor amounts due to late reporting or adjustments on discontinued series (F, G, J, K). tHevisions for January-October 1958 will be shown later.

S-18 SURVEY OF CTRHEXT BU~TXESS

1!15!1 Unless otherwise stated, statistics through 1958 and ! descriptive notes are shown in the 195!• edition of i BUSINESS STATISTICS I

I

1958 I -Decem- Jann-

iJ('r nry i'i'hru­

nry \~~c~~r~:-~~~,~-~~~=-f;:;~~~-:-:~~T~~;,,,..r \xo,;~~m-\ n,i;;~;"'

LIFE INSURANCE-Continued

Institute of Life InsuranceEB-Continurd Assets, all U.S. life insurance companies-Con.

Stocks (book value), domestic and for<'ign. total mil. of doL.

Preferred (U.S.)------------------ ________ .do. __ _ Common (U.S.). __________________________ do ___ _

Mortgage loans, totaL. _____________________ rlo .... X on farm_---------- ___ ----------------- ___ ito ___ _

Real estate. ________ ------------ _____________ rlo. __ _ Policy loans and premium notcs. ____________ do ___ _ Cash._------- ___ . __ .... _____________________ do. __ _ Other assets ________________________________ .do ... _

Lif(' Insurance Agency ManagemPnt Association: Insurance written (new paid-for insurane<'):t 1

Value, estimated totaL. _______________ mil. of doL.[ Group and wholesale. _____________________ do ....

1

~~~y~;:/;\:oial.~~~ :::::::::::::::::::::::: :az:::: i New England. __________________________ do .... i Middle Atlantic ________________________ .do. __ .I East .'Jorth Central. ____________________ do ... .l West North CentraL ___________________ do ___ _ South Atlantic. ______ ------------------ .do. __ _ East South CentraL_ ____________________ do ___ _

West South Centrnl. ____________________ do ___ _ Mountain. ______________________________ do .... Pacific (incl. Alaska) ____________________ do ___ _

In~titute of Life Insuranct': Payments to policyholders ami bencfirinries, esti-~

mated totaL ________________________ mil. of doL. Death benefits _____________________________ .. <lo .. __ Matured endowments ______________________ .do. __ _ Disability payments. ________ ------- _______ .do. __ _

3. 37fl I, ll4:J 1. f)~7

:J7.092 'l1. 42o

:J. 3X7 4, l~f\ 1, 3fi3 3, 890

7, 169 2.185

.13.0 4, 449

270 994 Sli5 :Jfi8 fi32 200

443 213 5fl4

746.2 21i4. 5

RS. 8 9. 7

Annuity payments __________________________ flo____ 47 .. > Surrender values ____________________________ do.... 13.1. S Policy dividends ____________________________ do.... 199.9

Lif(• Insurance Association of America: Premium income (39 cos.), quarterly total. .... do ____ '2. 818.4

Accident and health _________________________ do.... 406. fl Annuities .. ---------------------------------do____ '338. 4 Group _______________________ -------- _______ .do.___ 289. 4 IndustriaL _________________________________ .do.___ 244. 5 Ordinary ____________________________________ do ____ I, 479.4

MONETARY STATISTICS

Gold and silver: Gold:

JV[onetary stock, U.S. (en? ofmo.) _____ mil. of doLl '<et release from earmark§ ___________________ r\o ____ l Exports._-------------- _____________ thous. of doL. Imports. __ ------- .. ________________________ .do. __ _

Prx~~;!~~~: ~~~~~~~~ -~~~~~~:'-~~~~~-~ ~ ~::::: ;)g:::: I B~W~~astaies.-~:: :::::::::::::::: ~::: :::::;);;::::I

Silv~r: Exports .. ---------- ___ ---------- ___________ .do. __ _ Imports_._. _________________________________ do. __ _ Pric~ at New York ________________ dol. pPr finr oz __ Production:

Canada ________________________ thous. of fine oz __ Mexico ____________________________________ do ___ _ United States._-------------------------- .do. __ _

Money supply (end of month, or last Wed.): Currency in circulation ... ________________ bil. of doL. Deposits and currency, totaL _________________ do ___ _ Forei~n banks deposits, net _________________ do .... r.s. Governmrnt halances __________________ do ___ _

Deposits (adjusted) and cnrrency, total, _____ do .... Demand deposits, adjusted, _______________ do ___ _ Time deposits, adjusted, __________________ do ... . Currency outside banks. __________________ do ... .

Turnover of demand deposits except interbank and U.S. Government, annual rntes, Reas. adjusted:t

.'Jew York City .......... ratio of debits to deposits .. 6 other eentersci' -------------------------------do ___ _ 337 other reporting centers _____________________ do ....

PROFITS AND DIVIDENDS (QUARTERLY)

:VIanufacturing corporations (Fed. Trade and SEC):O .\'et profit after taxes, all industries. _____ mil. of doL.

Food and kindred products __________________ do ___ _ Textile mill products ... _____________________ do ___ _ Lumber and wood products (except furniture)

mil. of doL. Paper and allied products ___________________ do ....

20. ;i34 -79.3

.lfi 12,278

83, fiOO .17, 700 13. 2(10 ;i, 900

90 !l, 219

• S911

2, 9.>~ 3,881i 3, 421i

32.2 252.0

3. 9 5. (j

242.6 115.5 98.3 28.7

r fi2. a r :31.5 r 23. i

4. 031) 320

7R

ii7 148

FINANCE-Continued

3 I I

:J7 34

lfi 2

. 3ii.O • f\40 ,689 . 211 '510

. 393 • 22.1 '282 . 812

. 791 780 490

'.521

z:JO H33 f\98 289 412 1M

355 140 407

115. 4 1\7.8 li5. 9 II. 4

D7. 5 18.7 34. I

-----

I

3, 387 I I, li39

I 1. 709

37, a.IO 34, fi35

3. 414 4, 253 1, 22.> 3, 916

.1, 1.14

I 904

I .~fi7 3, f\83

232 83.1 716 :107 459 170

373 159 433

.19.). 3 246.9

54.9 9.8

.54. 7 117 .. > 111.5

-- ------------- ----------- ---------------- ------------

20, 47fi -ii5.11

0 10.272

83.400 ;,9, .>oo 13,200 4, 200

134 5, :)5()

. 902

3, 094 a, nso 2, 330

:n. 1 249. (i

3.8 fi.O

239.8 113.8 98.4 27.6

'53.() '31. 2 '23.11

------------------1

I 20, 479 -13.0

198 10,048

XI. 200 ;)7, 800 12,500 4, 100

99 G, 172

. 904

2, 21\5 3, 315 2, 827

31.1 247.1

3. 7 .5. 7

237.7 111.3 98.7 27.7

'.13. 5 '31. 5 r 24.2

3, 421 3, 439 I. ii43 1, f\47 I, 739

I

1, 7.~2 37. 48fi :17, 1102 34, 7.13 :H. 8.>1

3. 4.10 3. 410\l 4, 284 4, 317 I, 211 1, 187 3. 942 3. 944

.1. R9fl :1,718 /93

I 83.1

03() .'lib 4, 41\7 4. 308

278 261 1. 004 9.11

879 81i9 3fl3 :m 5fl3 :13() 211 200

449 4211 183 189 .138 I 525

fl74. 0 fi25. 2 278.0 21il.4

.}8. 4 04.2 10.0 10.0

52.9 54. 2 137 .. 5 131.9 137. 2 113. ,')

2, i81l. 8 -- ------4fi.l). i -- ------337 .. ~ -- ------314.4 -- ------221. a ---------

I, 442.0 __

20.442 20. 305 -48.0 -127 . .0

203 n9 18,499 3, 280

84. liiJO sr.. :{no 1\1,200 li2. 900 l:l. 200 13.200 3, 800 3, sou

103 2, lf>O 5, 220 3 - .... ) ,JI._

. 914 . !lt4

2, 782 2,1\92 3, liOO 3, li91 2, 823 2, 94\l

31.3 31.3 2413.7 249. 8

3.9 3. 7 5.1 5.8

237.6 240.3 110.3 112. 5 99.5 99.9 27.9 27.9

'.12. 4 r Mi.H '31. 8 '33. I r 24.0 r 2..f. 7

i I I I I I

I

3, 459 1, li.}4 1, 7!)4

37. 737 :l4. 9.18

:l. 493 4, 341i 1. 197 3, 9tH!

.1, 59:l 754 fi:l3

-1. 20fl

2?i.5 1!21 s:Jn 34.1 [}2{)

202

427

1891 .>us

fi82. 0 I

241.3 48.7 10.1

fl2. 9 I 19.2 109.8

-----------------· -- ------- -------- ~-----

2U, ISS -1311 .• 1

230 9.80,)

li4, 200 13,300 4,100

I, 241i •\ 241

. 914

2. 499 3, 2.5fi 2, fi41

31.\l 249.4

3. 7 n. 4

239.3 110.7 100.4

28.1

rill\. 2 '32. r. r 2..J-.!)

:l. 821 _________ !,. ________ _[

2~g ::::::::: :: ::::::1 43 l---------1--·------1 13ti I _________ ---------

3, 481) 3, 547 3, .11;7 1, 1)1)3 I, fi-09 1, ll70 1, 783 1, R45 1, Rt.O

37, 894 I :l8. 108 :1s. 282 :l!i. 094 :J5, 33.1 :1Pi, 491\

:J, .122 3, 58:J 3. fi03 I. 380 4, 389 4. 423 1, 200 I. 185 1, 204 3, 949 4, 05ii 4,100

I r.. 097 .1, 492 I. 091 703

fi, 475 98fl

;;gs 541 .~41 4, 40S 4, 248 :l. 948

200 21i9 249 91\0 903 S41 Rtll 852 778 3fll 3fi4 :J33 .14fi fi30 510 214 190 lSD

419 422 38D 201 189 173 550 529 492

fl3ii. 9 .1811. 9 .'ifi7. 8 2D5. 7 247.1 245.2

!)I. 9 47.4 ·14. 2 10.0 9. 9 9. 3

.1.1. 8 54. (j .>2. 3 128. r, 124.7 112.5 lz:l. 9 103.2 104. :J

2, f\84. 2 -- ------491. .I ---------2.11. 2 ---------:liS. I -- ------ISS. 3 ---------

fi4, 900 12 .• 100 4, 1>00

270 2, 981 119 5, H94 4, S26 7, 892 .914 . 914 . 914

2, H77 2, 8fi8 2, 519 3, 838 a, 994 3,69fi 3, 219 2, 609 1, 472

31.9 31.9 32.0 249. 4 2.51. 4 251. 1

3.G 3. 4 3. 3 5. 6 n.o 6. 9

210.1 242.0 240.8 110.7 112. 7 111.1 1111.0 IOU. 9 101.2 28.3 28.4 28 .• >

r ;)3.1 '57. 3 r 50.3 '32. I '3:l.l '33.1 r 2-1. n r 24. 7 r 24.7

, m 111:::::::::: 81 --------- ---------

1fiG ~--------- ---------

:). .~fi!i 1. t-i~H 1. S41J

ax. 4u:J ;).'l. H~IX

:J. fi24 4. 4fl4 1. 173 4. 09fi

',, :J;i3 '928

;~.1~

3. 81li

23ii i9fi 7H9 :32.5 iiOO 19fi

:1sn 17:l 48fl

lli0-1. ;j

2.19. ,o 4tU II. 4

'•3. 4 121.1 114. 8

2. 708.9 HH. 7 295.7 :ll9. (;

1-

i

I

t.l~U I i

1. i.'lll 5. 3()2

'\114

2, 447 3, 310

390

31.8 21i2. I

3. 3 7 .• 1

241.4 111.4 101.5 28. .~

r .'li. I)

'32. I ,. :2-L !)

:l. 821 :35fl 10.0

!13 158

3. 591 1, 097 I, R.12

ax. 744 3.1. 93•l

3. li31 4 .. oll I. 19.1 4.110

r;, iRO i.fl41

.>Rii 4.154

256 S82 825 340 f>47 197

407 ISO -"8

;i92. 2 244.9 :.o.:J

!fl. I I -i4. 3

124.4 lf\8. 2

In .. 185 ->1. g

f\2 2:l,61fi

11r.. ooo 1:l, 900 3, 500

!S4 4. 219 .\H4

3,072 4, 408

.i!O

31.9 2-11.7

3.1 (), 4

242.2 112. 7 101.1 28.3

'1;0.1 '32. 8 '24. 7

I I

I I

3,630 1-----I. 71fi ______ .. l.Ril

38,984 3\l, !fi9

:l, fl73 4 .. 1.1.1 I, 228 4.134

6,078 1, 27:1

.079 4, 224

282 9o3 828 324 546 200

395 180 .116

591. ,) 2-14. 5 49.9 9.4

i\4.8 111Ui 116. 3

w. ;,116 -71.4

418 47,1131

13,600 3,400

1:;s 3. 445

. 914

2,333

635

n.> '250. 9

3.0 ;,,;J

242.4 ll3. I 100.3 29.1

, no. 1 '33. 6 '25. 3

I_ _______

·-·

7. 784 2. 487

.~27 4. 770

313 992 928 38.5 604 222

483 227 !)14

19. 45fi -112.0

~--------

---------------------------

------------------

.914

---------------

;.)f'l

32. r. r 2,');). 2

3. 2 ;,, fl

2-lij, 1 116. I 101.4 28.8

00. 1 p 33.3 p 2.). 1

191i0

.l:J!HI­:l r~-

---------

------------------------------------

------------------

. Bl-t

------------------

2.\0. 3 2. s 4.H

242. li 113. 7 101. 1 28.0

r Revised. 1' Preliminary. I Data (in total and components) for Alaska arc included heg"iuninl.!: January 19.%1; for Hawaii, hcp:inninp: 8<1ptemht•r 1959. 2 ReYisions for 3U qu~trh·r 1958 (mil. dol.): Premium income total, 2,604.3; annuities, 284.2. $See footnote"~" for p. S-17.

tincludes data for Alaska; for 1957-58 rpvisions to includr Alaska and other rhanges, ~('P p. 24 of tlw Dvec•mh(_•r liJ5\lSVRYEY (1958 mo. aYg:. for total insurance \vritten should r('a.d $."'! •• ~/3 million). §Or increase in earmarked p:old (-).

?Inclndes data for the following countries not shown scpmat<•ly: 2\lexico; Brazil; Colomhht; Chile (through F<>bruary 1959 only); l\;icaragua; Australia; and India. ~The term "adjusted" denotes exclusion of interbank an<! U.S. Government deposits; for d!'mand deposits, also exclusion of cash items reported as in process of collection. tReYised series, replacing unadjusted ; a1.<'s shown prior to this issue of 1he SVRVEY anti inrorporating two mnjor changes. See the January lDt)O Federal Heserve Rulletin for 1letail..- an(l

data back to Jauuary 1!J.SO. ci'Includes Boston, Ph!ladelphia, Chica~o. Detroit, San Francisco, and Los AngelL'S. OEffective with the July 1959 Sl'RVEY, C'Stimates nrc hasc•<l on the lat••st revised (l!l57J Standard Industrial Classification Manual and, for most industries, are not comparable with

})J'('Vionsly pnhlishcd dnta. Comparahll' data for 1:-:t f}twrtrr of 195R an• avnilable upon l'N}lwst.

SURVEY OF CURRENT BUSlXESS S-19

1!l59 Unless otherwise stated, statistics through 1958 and ~~~~ ~~~r;&t~SSnS~~~~S.gCSn in the 1959 edition of Decem-

ber Janu· ary F~;:~u-1 ;\{arch I April I :\Jay I June I July

-,1960

I Augu~t t

1septem·l Ortohrr I Novrm-1 Decem- --.ianu-

. her I ber ber ctr:'-,.

PROFITS AND DIVIDENDS-Continued

Manufacturing corporationsO-Conti nued :\ct profit after taxes-Continued

Chemicals and allied products _________ mil. of doL_ PetrolPum refining __ --------- ______________ .do __ __ Stone, clay, and glass products .. ____________ do __ __ Primary nonf('rrous metaL __________________ do ___ _ Primary iron and steeL ____________________ do ___ _ Fabricated metal products (except ordnance,

machinery, and transport. equip.) ___ mil. of dol__ Machinery (except electrical) _______________ .do __ __ Ell'ctriml machinery equip. and supplics .... do __ __ Transportation equipment (except motor vehicles,

etc.) _________________________________ mil. of doL Motor vchieles and parts ____________________ do ___ _ All other manufacturing industries __________ do ___ _

Divi<len<ls paid (cash), all industries __________ do ___ _ Eleetrk utilities, net profit aftPr laA<·s (Fe<l. Res.) I

mil. of doL_ Transportation a.n(l communication~ (f't>t' pp. S-23 ancl

S-24).

SECURITIES ISSUED

Seeurities and Exchange Commission: Estimat.Pd gross proceeds, totaL _________ mi\. of doL_

By typ<• of seenrity: Bowls and notes, totaL ___________________ do ___ _

Corporate ______________________________ .do ___ _ Oommon stock ____________________________ do ___ _ PrPf<'rred stock ___________________________ .do __ .

By tyJW of issuer: I CorporatP, tot.al\;1 _________________________ (lo ___ _

Manufacturmg __________________________ do ____ l E'tractive (mining) ______ ----------- ____ do __ __

k~:m~"~~~i~~t:-_ ~~~::: :::::::::::::::::::: :~l~:::: Communication _________________________ do ____ l Financial and real estate. ____________ ... do ___ _

Noncorporate, total 'I __ --------- _________ .do __ --~ U.S. Government.--------------- ______ .do ___ _ State and municipaL ____________________ do ___ _

New corporate security isstws: Estimated net proceeds, totaL ______________ do .... l

Propos<•d uses of proceeds: I :\ew money, totaL ______________________ do ___ _

Pbnt mHl N)uipnwnt __________________ do ___ _ Working capitaL_------- _____________ do ___ _

Rl'tin•mcnt of securitiE's _________________ do ___ _ Other purposes __________________________ do ___ _

State and municipal issues (Bond Buyer): Lo11g-trrrn _____________________________________ do ___ _ Short-term __________ --------------- ___________ do. __ _

SECURITY MARKETS

Brokers' Balances (N.Y.S.E. Members I Carrying Margin Ac<"onnts)

Cash on hand and in banks ________________ mil. of doL_ Customers' debit balances (net) _________________ do __ __ Custorrwr~· free errdit balanres __ • _______________ <lo ____ l ~foncy borrOI\'Cd _____________________________ -- .do.--- i

Bonds 'I Pric('s: Av<'ruge .Price of all listed bonds ()J,Y.S.E.).

D~~~~~k~:::::::::: ::::::::::::::: :~:::: :~o,Vg~~:: i ForPign ____ ----------------- ________________ flo ___ -~

Standard and Poor's Corporation: Industrial, utility, and railroad (A !+issues):

Composite (21 bonds)<i' ____ dol. per $100 bon<L_I Domestic municipal (15 bonds) ______________ do ___ _

U.S. Treasury bonds, taxahle, _________________ do ____

1 Salrs:

Total. excluding U.S. Government bonds (SEC): , All re!(istercd exchanges: I

Market valuc ___________________ thous. of doL_ Faee value ______________________________ do ___ -\

)Jew York Stock Exchange: I Market value ____________________________ do ___ _

K ew ~~~k v~l~~k- EXCll:iUge~- eXCil1SiVe- -of -st,o(i~P(~,I-sales, face value, total§ ____________ t.hous. of doL_

1

U.S. Government.---------------------- ___ .do ___ _ Other tllan U.S, Government., total§ ________ do __ __

~g;~i~~:~-:~::::::::::::::::~::::::::::::: a~:::: 1

Value, issues listed on N.Y.S.E.: ~-

MIJ~%~;;~~~~:-~~~~~-~~~-:~s-~~~-§::::::::::~~~--o;1g:'~:: Foreign ____________ ----- ________________ -_-_ .do_-- ··1

Face value, total, all issues § ___________________ do ____ l Domestic ___________________________________ .do ___ _ Foreign ______________________________________ do ___ _

l r Revised.

476 783 147 124 :l24

133 219 301

9.5 441 :l9o

2, 050

390

l, 899

l. ()44 7411 204

51

I. ()1)1)

241 14

281 11

104 Hi2

~99 370 148

983

820 M2 278 o3

100

448 243

357 3, 431 I, 159 2, 300

91.28 91.41 ~0. 88

H8. 7 102.3 ~.90

lti5, 314 lf>S, fi:lG

Ili3, 1)71 156, 751

135, 87'1 0

135.872 129,349

li .• l)~3

105, 801) 103, 2!i6

1, 475

115,981 112, 9t)i)

!, R2:l

5, IllS 724 l21l

31)

SS.1 ](19

19 302

21 :l.5

221)

4, 894 3, 971

fl39

8ti9

794 490 304 29 41i

374 3, 452 l, 226 2, 221

90.99 91.12 81.67

98.1 101.8 87.M

173, H45 173,744

170, :!34 lll4, 9Rl

148 943 I ' I

148,942 142, 3()1

(i, 577

lOt\, 401 103, 7ti8

1, 515

IW, 934 113,883

1, 855

FINANCE-Continued

2,1321

I, 843 481 234

.),)

770 1:J2

4 191 24 fi3

llli

1. 3G2 420 881

I

764 1

HOO 41il 139

9 14.5

881 428

374 :J, 410 I, 196 2, 18G

Vl.liO 91.72 82.14

98.0 102.2 ~7. 38

l I

144. 5.10 1 139,007

142, ()()(i 137, 114

121, tili7 0

121,607 114,413

7, 2.54

107,215 104, 573

I, 525

494 G58 104 135 374

100 223 246

71 523 374

l, 839

4fi9

l, 9'21

l, 723 457 !51 47

656 100

lO 336

7 10

107

l, 266 443 fi37

040

539 405 135

9 92

li37 295

379 3, 458 1, 257 2,195

91.03 91.!6 82.27

98.2 103.4 87.37

199,318 175,922

19tl, 941 173, 4GG

150, 585 0

150,585 143, 741

6, 844

106,638 103, 96G

1, G64

117,052 117, 142 114. 009 ' 114, 053

I, 856 I 1, 901

---------1---------

~ ~~ ~~~ ~~ r ~ ~ ~~ ~ ~ ~ 1---------1

.511 I l, 787

4, 202 l' .182 619 H24 217 167

92 38

928 829 290 21i6

9 25 320 :J48

17 20 16 i)

143 108

3, .183 958 2, 583 :l38

940 569

908 809

832 71i4 ()12 55tl 220 208

9 17 Of) 27

940 i>69 563 411

359 3, 51i7 1, 205 2, 408

90.02 90.14 82.63

97.0 102.2 Sfi. 21

!68, 307 152, 583

lf>5, 2liG 149,690

137,284 0

137,284 131,689

5, 595

106,004 103,343

I, 574

117,751 114,652

1, 905

3li4 :l, 549 I, 188 2, 411

89.60 89.64 87.42

95.0 100.4 85.31

157, 377 !38, 9!4

155, 137 136,747

119, 101 0

119, 101 114, 538

4, 553

106,396 102,770

2, 539

118,746 114,647

2, 905

li07 021 231 174 .152

164 400 296

88 592 4.59

l, 8.16

:!85

2, 275

1, 978 614 254

43

910 236

15 317

20 22

100

1.3li4 323 995

890

814 5.57 257 I !I liO

99:) 24:)

31i3 3, 546 1, 094 2, 483

89.17 89.19 87. R8

94.0 99.4

85.16

149, 949 140,655

147, 850 138, 682

121. 94~ 1

121,943 115,870

6, 072

105,872 102,219

2, 569

1, 452 1, 688

1, 334 1, 558 433 623

93 117 26 13

552 753 155 146

9 14 173 194

9 19 8 36

118 228

~00 93i\ 350 309 457 523

538 737

4SO li77 :J05 307 175 310

7 19 51 42

·t.57 52:) 246 41\7

383 3, .128 1, 079 2, 433

89.32 89. 31) 87.08

93.8 99.4

85.00

I

374 3, 424 1, 035 2, 416

ss. 22

88.221 ~7. 24

94.3 ' 100.6 85.11

147, 62.5 1 135, 44s 140, 515 131, 301

146. 184 133, 845 1 138, 794 129, 438

121,325 0

121,325 115, 512

5, 813

106, 135 102, 511

2, 538

110 616 ' 0

1!0, GIG 105, 16ti

5, 449

103,924 101,25:3

I, 585

118, 725 118, 822 114, 007 114, 711

2. 923 1 2, 914

117, 895 114. 776

1, 922

.)62 ()56 215 !Iii

-sn 187 34.1 291

61 22\l .140

I,Xfi2

I, 749

], 605 592 120 24

736 211\

23 111

5 fl7

llil

\,\)\3 300 520

721

-lOR 257

12 H

;")21) :J99

:J/7 :l,~Oti I.O:l\1 2, :)~()

lS7. 71 87. 79 81.80

93.0 98.3

s:J. v;

!5(\, 380 153,568

1.14. 805 151.824

145, 137 0

145, 137 140,018

5,119

103,473 100, 826

1, 573

117, 9ti7 ll.4,R41i

I. 923

-----:--~·----·---

1

------ -- :::::::::1::::::::·

'4, 122

'3, 844 r fi44 '231 '48

'923 '103 '22

'348 '23 128

f 145

'3. 21)0 2, 574

[)87

r ~~~/ r 633 r Hit\

11 '8~

T 1, 735

r 1, 500 r 059 '173

r 61

'893 '121 '12

'251 '6

T 264 '171

'841 332

'458

'873

'803 r fi33 r 170

8 r(j2

f'1Hi 427 ~:;;; 342

:lt'O 3.378

91i7 2,105

88.85 '8. 95 81.61

92.8 100.1 84. 9.1

143, 838 145, 7W

141, 2\JO 143,316

123,33:3 0

123,:333 ll8, fili8

4, 665

]()(j,899 104.223

1, 589

120,319 117, 171

I, 947

372 3,438

974 '2, 493

88.42 88.52 81.32

92.9 100.9 R4. 82

1~2. 2.52 141i.l\31

13:1,702 144.516

130,050 11

130,039 124,668

5,371

JOG, 499 103,826

1, 582

120,441 117,291

1, 945

1, 982

1, 796 783 134 52

91i9 179

17 351

3 72

216

1.013 380 471i

950

8811 fi31 256

14 50

375 3,427

997 2, .183

87.48 87. 5fi 81.18

92. ~ 99.3

83.00

173, 204 177,57-l

170.098 174,505

155, 742 0

155, 742 150, 433

5, 309

105, 422 102,723

l.t\17

120,508 117, 311

1, 992

OSee corresponding note on p. S-18. ~Includ<"s data not shown sepnrat<'ly. §Data include honds of the Int<>rnational Bank for Reconstruction and Development not shown separately; t.JJL>sc bonds are included in computing the average price of all listed honds. <i'Numher of bonds represent number currently used; the chan)';c in the number dO<•s not affect the continuity of series. ,Prices a.rf:l derived from averagE: yields on basis of an assumed 3 percent 20·yrnr bond.

S-20 SUHVEY OF CUHRE~T BUSINESS

Unless otherwise stated, statistics through 1958 and 1_2-q~~ I d('S('riptivc notes are shown in the 1959 edition of DPCf'Ill~ BUSINESS STATISTICS brr

SECURITY MARKETS-Continued

Bonds-Con tinned Yields:

Domestic corporate (Moody's) ___________ .percent. By ratings:

A aa. ____ ----------------------- ___________ do ___ _ 1\a _________ ---------------------------- ___ do_ A _________________________________________ do. __ _

Baa. ____ ---------------------------- _____ .do By groups:

IndustriaL ________________________________ do Public utility ____________________________ .do Railroad. ________________________________ .do.

Domestic municipal: Bond Buyer (20 bonds) ______________________ do .... Standard and Poor's Corp. (15 bonds) ...... do __ __

U.S. Treasury bonds, taxable § ________________ do ....

Stocks

Cash dividend payments publicly reported:

4.38

4.08 4. 18 4. 42 4. 85

4. 24 4. 39 4. 52

3. 40 3. 84 3. 80

Total dividend payments.. ______________ mil. of doL 2,139. 0

Finance __ " ___________ ---------------- _______ do ___ _ Manufacturing _____________________________ .do. __ _ Mining _______________________ --------- ___ ... do. __ _ Public utilities:

Communications _____________ -------- _____ do __ _ Electric and gas .. -------------------- _____ do. ___

Railroad .. _____ .. _________________________ .. do __ __ 'l'rade _______________________________________ do ___ _ 1\1 iscellaneous. _______________ .. ___________ .do ___ _

Dividend rate;:;, prires, yields, and earnings, cornmon stoeks (Moody's):

Dividends per share, annual rate (200 stocks) .dollars._ Industrial (12.> stocks) ____________________ do ___ _ Puh1ie utility (24 stocks) __________________ .. do .. __ Railnla•l (25 stocks) _______________________ .. do ... Bank (li\stocbL. _________________________ do ____

1

Imnranee (10 stocks). _____________________ .. do .. __

Price per sh:u·c, end of month (200 stocks)\? ... do __ __ Indnstrinl (12/i stocks) _______________________ do ___ _ Public utility (21 stocks) ____________________ do __ __ Railroad (2.1 stm,ks) _________________________ cto ___ _

Yield (200 stocks) ___ .. _________ ------------ .percent.. Industrial (12.> stocks) ______ --------------- .. do. __ _ Public utility (24 stocks) ____________________ do .. .. Railroad (2!'i stocks) _________________________ do .. .. Bank (15 stocks) ________ ---------------- ___ .. do ___ _ Insurance (10 stocks) ________________________ do .. __

Earnings per share (at annual rate), quarterly: In<lustrial (125 stocks) ____ .. _ .. ____________ dollars __ Public utility (24 stocks) ____________________ do __ Railroad (2.1 stocks) _________________________ do ___ _

Divi<lend yields, preferred stocks, 14 high-g-rade (f'tandard and Poor's Corp.) ____________ percenL.

Priees: Dow-Jones averages (65 stocks) ____________________ __

Industrial (30 stocks) _____________________________ _ Public utility (15 stocks) ______ .. ___ ------------- __ _ Railroad (20 stocks) ___ .. ________________________ __

Standard and Poor's Corporation: Industrial, public utility, and railroad:d'

Combined index (500 stocks) ________ l941-43=!0 ..

Industrial, total (425 stocks)\? ___________ do __ __ Capital goods (129 stocks). ____________ do ___ _ Consumers' goods (196 stocks) _________ do ....

Public utility (.00 stocks) ______________ .. do __ __ Railroad (25 stocks) _____________________ cto ___ _

Banks: N.Y. City (12 stocks) _____________________ do .. .. Outside N.Y. City (17stocks) _____________ do .. ..

Fire insurance (17 stocks) ____________________ do .. ..

Sales (Securities and Exchange Commission):

26S. 9 1, 337. 5

141.0

73.4 161. 7

73.8 50.8 31.9

5.2•1 .5.6'1 2. 57 3. 40 3. 77 4. 23

151l.81 177. 7!i

()(), 37 73.89

3. 34 3.\7 3. 87 4.60 4. 00 2. 54

10.70 3. 63 9. 52

4. 63

196.91 5fifi. 43 88.09

155.00

53.49

57.09 56.84 43.31 42. 0.5 33.70

24.03 48.16 33.42

Janu­ary

4. 41

4.12 4. 22 4. 43 4.87

4. 28 4.43 4. 53

3. 45 3. 87 3. 90

873.7

192.3 269.6

7. 8

175. I 100.5 29.8 S8. 2 10.4

5.27 5. 68 2 .• 19 3. 40 3. 78 4. 23

1.1fl. 9R 17f>. g~ 06.60 74.82

3.36 3. 2\ 3. 8fJ 4. !)4 3. 92 2. 51

4. 54

206.2\ :!92.29 91.66

163.87

55.62

59.30 58.98 44.65 43.96 35. 53

24.56 .10. 35 34.96

195!1

F~:~~:n-ll\1 arc;~l-~\~,: I :.lay -T June -~ July

FINANCE-Continued

4. 43

4.14 4. 24 4. 43 4. 89

4. 31 4. 46 4. 51

3.29 3. 85 3. 92

4. 40

4.13 4. 23 4. 40 4. 85

4. 28 4. 43 4. SJ

3.33 3. 76 3. 92

387. 1 1, 798. 6

134. 4 118.0

2. 5

1.4 93.4 6.1

23.1 8.2

5. 35 5. 72 2. 59 3. 40 3. 78 4. 23

156.90 175.43 07.40 75.48

3. 41 3. 21l 3. 84 4. 50 3. 69 2. 48

4. 52

20.5. 02 590.72 91.03

161. G9

54.77

58.33 59.33 44.23 43.71 35.20

25.23 .10. 08 34.78

123. 7 1. 184.6

105.4

72. 1 156.6 81.2 4.5. 0 30.0

5. 35 5. 72 2. 59 3. 40 3. 81 4. 23

155.81\ 174.47 fi8. 12 73.93

3. 43 3. 28 3. 80 4. fiO 3. 95 2. 53

10.30 3. f\9 4.12

4. 48

210.19 009.12 93.68

162. 5fi

56. 1.1

59.79 61. G7 45. 10 45.0f\ 35.47

26.30 52.09 35. GO

4. 47

4. 23 4. 32 4. 4.5 4. 86

4.35 4. 49 4. 56

3 . .10 3. 84 4.01

810.7

150.2 275. 8

8. 5

175.8 105.7 21.0 60.2

7. 5

5. 39 5. 7.1 2. 60 3. 40 3. 81 4.23

lll3. 87 184.82 67.24 7(1. n.~

3. 29 3. 11 3.87 4. 42 3. 98 2. 57

4. 51

212.12 ll16. 99 92 .. 18

165.30

57.10

nO. 92 62.10 45. 87 45. 12 35.94

24.70 51.37 34.22

4. 60

4. 37 4. 4f> 4. 61 4. 96

4.46 4.67 4. 67

3. 61 3. 97 4. 08

4. 69

4. 46 4.5fl 4. 71 5. 04

4. 55 4. 77 4. 76

3. 81 4. 04 4. 09

317.9 1, 821.1

71. 4 130.4 124. 5 1, 210. 0

3. 2 108.3

I. 6 73.2 94.8 160.3

2. 5 62.1 13. 3 48.0

6. 6 28. 8

5. 41 5. 80 2. GO

3. 40 I 3.81 4.26

1f.fi.31 188. 58

GO. 2R 77 . .t7

3. 2?5 3.0S 3. 92 4. 39 3. 73 2.G7

4. 68

214.78 f.30.80 91.33

166.54

57.96

62.09 64.81 47.12 44.30 36.07

25.15 50.47 33.39

5. 41 5. 80 2. r.o 3. 37 3. s1 I 4. 2()

lf>4. 71 1R7. 4R 04.25 'i'.S. 5i'i

3. 28 3. 09 4. 0.1 4. 29 3. 77 2. 71

11.60 3. 75 8. !2

4. 79

212.34 631.51 86.70

104.40

57.46

61.75 65.52 47.09 42.58 3fl. 02

25.77 51.15 31.66

4. 72

4. 47 4. 58 4. 7.5 5. 08

4. 58 4. 79 4. 79

3. 59 4.04 4.11

852.9

177.4 27fl. 5

7. 6

192.8 107.9 17.7 65.4

7. 6

5. 41 5. 80 2. fiO 3. 37 3. 81 4. 31

170. 3:> 19fi.07 66. 49 77. 3.S

3. lH 2.96 3. 91 4. 36 3. 57 2. 67

4. 75

221.03 ti62.81 89.10

1G9. 09

59.74

64.23 67.82 49.82 44.77 36.86

26.98 53.00 33.28

February lnGO

- I 1960 -

I August ISeptem-1 October I Novern-1 Drc~m- -J;nu-ber her h('l' ary

4. 71

4 43 4 58 4. 74 5. 09

4.80 4. 77 4. 56

3. 72 3. 96 4.10

4. 82

4. 52 4. r,g 4. 87 5. 18

4. 68 4. 89 4. 88

3. 72 4.13 4. 2(1

331.2 1,884.6

75.7 127.8

2. 5

1.5 96.5

5. 5 13.7 8. 0

5. 39 5. 77 2. 62 a. 41 :J. 81 4. 3:1

169.21 194.70

fl7. 39 74.35

3.19 2 96 3. 89 4. 59 3. 57 2. 74

4. 70

219.84 660.58 91.24

163.24

59.40

63.74 66.73 49.11 45.15 35.56

27.25 53.413 33.57

169. 5 1, 217. 4

\06.3

8~. 5 165. g

f\0. 0 49. g 32. 1

5. 39 !S. 77 2. 6:1 3. 41 3. 82 4. 33

161.30 184. f\4

(i.~. 09 71. 49

3. 34 3.13 4.00 4. 77 3. 73 2. 97

8.00 3. 77 3. 67

4.80

210.97 635.47 87.67

155.38

57.05

61.21 64.16 48.15 43.59 33.78

2fl. 72 53.02 31.56

4.87

4. 57 4. 76 4. 87 5. 28

4. 70 4. 95 4. 96

3. 55 3. 99 4.11

833.2

160.6 27f.. 3

8. 0

193.3 104.4 20.2 60.5

9. 9

5. 45 5. 85 2. G3 3. 48 3. 82 4.33

lfl2.37 !86. r.o

f>5 .• 11 70.24

3.36 3.14 4. 01 4. 95 3. 70 3.03

4. 81

212.04 637.34

87.87 157.51

57.00

61.04 64.25 48.22 44. 11 34.32

26.31 53.81 30.60

4. 85

4. 56 4. 70 4. 8fi 5. 26

4. r,g 1.86 4. 99

3. 60 3. 94 4.12

4. 87 4. 91

4. 5~ 4. 61 4.74 4.77 4. R9 4. 93 5. 28 5. 34

4. 70 4. 74 4. Sf\ 4. 92 5. 05 5. 08

4. 05 4. 27 4. 37

383. 0 2, 3S5. 3 961.6

242. 1 290.2

103.4 153. ,)

2. 5

1.5 97. 7

4. 3 12.3

7. 8

5. 5r. 6. 01 2. 04 3. 48 3. 82 1. 33

lH 47 189. gr,

0.1. 3H 08. 3H

3.:33 3. 1fi 4. 04 5. 09 3 . .57 2. 83

4. 81

211. 25 646.43

Sf\. 56 1.50. 26

57.23

61.46 64.63 48.81 43.71 32.80

26.93 54.75 31.17

323.6 I. .502. 9

121.4

87.6 171.0 78.8 59.3 40.7

5. f)f)

6. 01 2. f\4 3. 53 3. 90 4. 40

HN.2fl 19''· 43

!):). 77 70. 2!

3. 2.'. ?>. n~ 4. OJ 5. 03 3. 38 2 -·)

4.8.5

217. 52 671.35

87.09 153.79

59.06

('3. 56 67. J.l 49.97 44.31 33. 57

29.47 56.59 33.19

10.6

195. 1 105. 8 32.8 72.9 12. 1

5. 58 fi. 04 2 67 3 .. 53 3. 96 4. 40

1fifi. 73 178. 05 IH.07 ()7. 98

3 . .or. 3. 39 4.13 ;;, 19 3 fi8 2. 70

214.81 6.15. 39

Sf\. 78 156. 15

Total on all registered exchanges: 1-·larketvalue .. ______________________ mil.ofdoL 4,368 4,982 3,790 5.30S 4.805 4,901 4,325 4,670 3,572 3,372 3,591 4,020 ·1.528 Shares sold __________________________ thousands .. 146,227 166,968 133, 9G3 186,246 149, G31 146,658 123,504 133,148 102.919 97,364 103,766 120,394 141.308

On New York Stock Exchange: Markctvalue .. ______________________ mil.ofdoL 3,682 4,195 3,\43 4.330 3,9:l4 4,119 3,676 3,929 3,026 2,875 3.069 3,407 :0.767 SharessoJd __________________________ thousancts .. 96,124 105,627 80,357 108,433 91,630 95,517 82,027 91,386 69,705 67,534 72.810 83,88·1 9:1,021

Exclusive of odd lot and stopped sales (::\'.Y. Times) __________________________ thousands__ 75,018 83,253 65,793 82,450 7.1, 887 70,969 64,351 70,889 51,052 57,518 61,330 64,558 72,2-11 63,932

Shares listed, New York Stock Exchange: Market value, all listed shares ___________ mil. of doL 276,665 2SO, 826 282,105 2S3, 202 294,256 299, OH ::--Jumberofshareslisted ____________________ millions.. 5,017 5,075 .5,089 5,106 5,163 5,270

r Red.sed. P Preliminary. ~For bonds due or callable in 10 years or more. 9 Inelmles data not shown separately.

298, 785 309, 520 304, 5n9 5. 463 I 5, so2 s. 5Io

d'Xumber of stocks represents number currently used; the change in number does not affect continuity of the series.

290,564 5, 629

29.1. lfi5 299, 112 307. 708 5, 658 5, 733 5, 847

February 1960 SURVEY OF CURRENT BUSINESS S-21

1960 ~~~~--~~~~~~---~---~---~--~---~---17%_9 ___ ~--~---~---~--~~--~1-descriptive notes are shown in the 1959 edition of I !)(•ccnr~ I Jor111 I Ffihru I I I I I I •ugu··t I Se]ltem-j October I ~ove.m ., Deccrn- .Tanu-BUSINESS STATISTICS · " - ' - :\larch April

1 May June July ~~ ' · her ary nry

1 ' ber ber , ber ary

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES

BALANCE OF PAYMENTS (QUARTERLY)

Exports of goods and services, tota]__ ______ rniL of doL Military transfers under grants, net ___________ cto ___ _ Mrrchandise, adjusted, excluding military trans-

actions~- ______________________________ miL of dol Income on investments abroad ________________ rlo ___ _ Other services and military transactions _______ do ___ _

Imports of goods and services, totaL _____________ do ___ _ Merchandise, adjustcd~d' _____________________ do ___ _ Income on foreign inYestments in u.s _________ dQ ___ _ Military expenditures __________ ----- __________ do ___ _ Other servicesd' ---------------------------- ___ do ___ _

Balance on goods and scrvices ___________________ do __ _

Unilateral transfers (net), totaL _________________ do Private ____ -------------- _____ -------- _____ --· __ do_ Government_ _________________________________ do

U.S. long- and short-term capital (net), totaL ___ do ___ _ PriYate ________________________________________ do ___ _ Government_ __________________________________ do ___ _

Foreign long- and short-term capital (net) _______ do __ _ Gold sales [purcha.<es (-)] _______________________ flo __ __ Errors and omissions ____________________________ do ___ _

FOREIGN TRADE lndexe~

Exports of U.S. merchandise: Quantity__________________ _ _______ 1!136-38= 100 __ Value ___ -----------_____ _ __________________ do ___ _ Unit value ____________________________________ do __ _

Imports for consurnption: Quantity ______________ .. _________ ---- __________ 0 o_--Value. ________________________________________ do __ _ Unit \·a]ue ____________________________________ do __

A~Ticultnral proctucts, quantity: Exports, U.S. mcrchandis<.\ t.otn.l:

Unadjusted _______________________ . 1!152·54= 100. Seasonally actjusted___ _ _______________ (!o_

Cotton (incl. linters), seas. adj _______________ <lo __ __ Imports for consumption, total:

Unadjusted _______________________________ <lo ___ _ Seasonally adjusted _______________________ .do_

Supplementflr:v imports, sf•a:-:. udj ____________ do __ _ Complcmentury imports, seas. adj __________ .do ___ _

Shipping Weight

Water-horne trade: Exports, incl. recxports§ _________ thous. of long tons __ General imports _______________________________ do ___ _

Value Exports (mdse.), including reexports, total,

mil. of dol By geographic regions:6

Africa _______________________________________ do_ Asia and Oceania ____________________________ <lo ___ _ Europe ____ -------------------------------- __ do ___ _

Northern North Alnerica ____________________ do ___ _ Southern North America ____________________ do ___ _ South America ______________________________ (jo __ __

By leading countries:f', Africa:

United Arah Republic (Egypt Hogion) ____ do ___ _ Union of South Africa ______________________ clo ___ _

Asia and Oceania: Au~tralia, including New Guinea __________ do ___ _ Colony of Sing-apore _______________________ do ___ _ India and Pakistan ________________________ (]o ___ _

Japan __ ---------------------------------- _do ___ _ Republic of Indonesh _____________________ do ___ _ Hepuhlic of the Philippines. ______________ do ___ _

Europe: France ____________________________________ do ___ _ East Germany ____________________________ do_ ·--\Vest Gcrnmny -------------- ______________ <1o ___ _

Italy _______________________________________ do ___ _ Union of SoYiet Socialist RrpuHic~ ________ do ___ _ United Kingdom __________________________ do ___ _

North and South America: Canada ________________________ -·--- _______ do ___ _

Latin American Republies, total'( ________ do ___ _

Argentina _______________________________ do __ ._ Rrazil_ ----------------- _________ --- _____ do ___ _ Chile _______________________________ ._ do __ __

6, fl73 531

4,176 013

1,053

fi. 42.) 3, 517

1~R

838 8'2

+1.248

-I, 147 -142

-1,005

-892 -72fi -ltiH +53\ +347 -k7

2"~:2

fil3 218

118 107 12fi !N

7,0:H 15, Of)7

I, 513.6

4G. 8 25(1. 8 384.0

278.0 lfi6. 5 20.), 3

4. 5 17.8

13.3 2. 0

38.5

81.0 4. 8

2.?. ()

33.2 0

(i2. 7

35,3 1.4

85.5

278.0

350.5

30, () 5X. 1 10. 7

J:l.!l 40.5 71.8 C9. ;j

7, (i50 14, 739

1, 400.4

58.3 248.4 3fifi. 2

262.0 142.9 170.7

3. 6 18.0

16.0 2.3

51.2

75.7 3, 5

16.5

27.5 ()

52.3

3fi. 4 1.5

G7.0

2fi2.0

293.0

18.1 41. () HI. 4

\(\, 4 32.7 57. ,R fi3. t) 1

Z:l7 .119 219

200 543 271

115 111 -52

113 lOti 10'1 104

6,149 13, H!J5

I, 280.2

31\.3 227.7 304.8

274.7 136.5 144.6

3. 5 14.6

14.2 2. 2

38.2

72.8 3, 6

16. 6

23.2 .1

52.0

25.7 .9

GL8

274.7

260.5

15.3 29.1 11.1

14.2 :12, 8 ,)5. ii 55.8

5, 866 485

:J. 798 fi35 948

5,422 3, 604

180 801 837

+444

-1,104 -140 -9114

-472 -3~:J -89

+819 +Hfi

+217

2711 5!!1 2l!J

127 111 113 110

7. o2:J 15. 5tl3

1, 45ll. a 80.9

2H3. 9 337.2

321.2 141.7 167.1

3. 7 19.6

15.3 2. 4

51.7

73.5 5,0

23.7

24. tl (') 50.5

34.5 .1

50.9

321. I

2S9.0

13.2 4(\.2 10."

15.41 31.1 .10. n f.O. !I

272 .)f)(i

2HI

219 5S!J 209

134 139

7(i

118 102 103 1111

/, 327 12, 392

1, 468.0

52.8 24ti.l 351.4

327.1 151.0 1G5. 4

10.5 18.3

15.4 2. 6

42.0

73.3 4. 5

20,8

28.2 (') ()0,4

28.7 .4

G0.2

327.1

296.6

14,2 3(). 2 10.4

17.4 :l:l. 4 n:J. 2 c:t 4

291 li30 217

224 nos 211

t;)2 105 82

114 121 110 131

8. I'24 14, 159

1, .151. s

55.1 254.4 365,6

349.5 149.0 185.4

11.7 19.4

18.5 2.9

40.7

70.8 4. 8

24.9

30.7 .3

.10. 9

32.2 '1

68.9

349. 5

312.6

1.5. 8 4:J.3 14,2

20.2 3R, I .1ft n GU. 7

fi,:·W8 600

4, O'll 6!19

I.Of\8

.1, 992 3, 885

193 821

1,093

+406

-1,175 -138

-1,037

-2,395 -752

-1,04:1 +2,01>6

+741 +357

240 ti51 271

142 ltH 77

105 108 110 106

275 P)Of) 217

223 60:! 270

152 198 100

96 107 118 98

8, 11>2 10, 110 17,552 13,8till

1. 42,), 7 'I, cj(\8, \l

fi7. 2 4q. () 25:3. (\ :tt!J. 2 332.0 372.4

353.9 149.2 158.0

10.2 18.8

17.9 2.4

41.9

71.8 4. 4

26.9

20.9 .4

51>. 9

31.8 .4

GL2

353.9

288.7

18,6 28.4 10.3

17.2 40. 1 r.2. 4 n3. o

320.9 153.0 168.1

6. 1 18.3

21.3 2. 8

35.3

80 .. ? 7. 5

22.9

23.5 (1) 61.4

36.0 .6

60.2

320.9

301.2

22.9 27.4 11.4

18.4 3H. 6 r.s. 4 G5. 7

20\ ,\f>~ 218

214 .181 272

l3(i 170

()3

116 1211 118 133

4,032 721

1,130

t\ 102 3, 852

215 765

1,330

-126

-652 -1:31 -221

-H, 1'•5 +H17 +1~8

27,\ flO! 219

243 658 271

1G2 171 107

140 1.14 122 179

~. n4s ' 8, 309 ' l:l, 879 3 15, f.19

1,396. 7

,;2, 6 240. fi 3tifi. 9

297.6 138.0 lfiO. 7

10.0 20.0

30.3 2. 2

29.2

70. 1 8.1

22.4

21.7 0

52.0

30.3 . 1

62.5

297.6

279.2

20.2 30.8

g_ 5

18.0 ;)().()

~7. 41 n4. 4

1. 479.0

fil.O 240. 1 445.3

302.9 147. 1 173,9

5. 7 16.9

31.0 3.1

25.2

63.5 4.4

24.7

27.5 (') 65.1

41.2 '1

120,7

302.8

298.8

23.0 35.7 11.6

17,6 38.7 [;{)_i)

C.2. G

2i3 599 219

21() fi92 274

1f>9 15:1 135

86 99 8\1

106

1, 476.2

49. 1 251.4 400.9

324.6 1S7. 9 152.9

9. 5 17.8

30.0 2. 2

28.8

73.5 7. 0

24.5

27.2 0

66.1

33.8 .3

89.3

324.5

290.5

16.4 25.5 IL 1

15. G 4LG ()i)_f;

f\G.l

---------~----------- ---------------------- --

l' 2ja I' 600 /) 219

19!) 11)7 199

no 104 101 105

::::::::1

1. 478. ()

53.8 2G8. 5 427. 1

286.8 150.1 154.8

12.6 17.8

32.3 2. 3

24.9

90.3 4. 7

25.8

30.7 (I) 72.0

31.3 .3

84.1

286.8

282.8

21.2 30.4 !0. g

15.2 40. 7 flO 4 fi~. 0

25!) 6H8 274

(i6.6 305.2 514.9

306.5 153.0 174.0

18,8 21.2

24.5 2. 7

30.0

121.3 8. 0

25.6

53.0 (I) 87.2

46.3 2. 8

97.4

30(), 5

303.1

25.7 31.5 15.0

HJ.9 :11. 4 1>9. 1 .5-t. 5

"~cvisPd. v Prl'limin~ry. 1 Less than $50,000. 2 Includes carryovers of approximnt;:ly $15 ndllion from J\Iay and .June; n.pprol.)riatc amounts nre included in components. 3 ReYbions for Scpten:her H\58 (units tt" al:on~): Export.:;, H,tll\J; impvrts, 13,fl!lh. tA.djn:-:te•l for halance-of-pa;vmePts purpo~es, maintY for \·~llU~Jt.ion, eon'ra).!.l', an<i timing. Q'1Exdudes militnry expenditures. §Excludes "special cut(•p_:ory" shipments and an cummodU ies exported undrr fnrPign-aid programs as lkpn.rtmcnt of Defense c0ntrolle<l carg0. ,Data include shipm0nts (military and C'(•onomic air1) under the ~\1ut tul .Se·curity Program. reotal J\f8P militnry shipmrnts (intluding, :::;il1cc early 19Gf\ also "consumabks and con~truc ..

tion'' shipments) are as follovvs (miL dol): DccPmbcr 1H5~--Dec-mn1wr l\J5~), rCSIW(>ti·v·dy--1:-t1.0; 114.5; fJl:'l.7; 81.2; 125.1; 140.9; 78.1; 114.G; 97.1; 79.7; 83.7; 102.2; 105.2 . .D.Exdudc.s "special category" shipments. ? lnclwles countries not slHnrn sPparat.cly.

S-22 SUHVEY OF CURRENT BUSIXESS Febrnar;v 11!60

Unless otherwise stated. statistks through 1fl58 and ~~-~ descriptive notes are shown in the 1959 edition of Decem- Jai 1_ I F •l ru I I BUSINESS STATISTICS her ar'~' ~,:Y · j :llarcl!

1!159

1

1960

Augu~t I Septem-1 October I N ovem-1 Decem-~ · ber her her ary .\pril I May I June I July

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES-Continued

FOREIGN TRADE-Continued

Value-Continued

Exports of U.S. merchandise, total, ........ mil. of doL. By economic classes:

Crude materials _____________ .------ ......... do. __ _ Crude foodstuffs. ____________________________ do ... . :lfanufactured foodstuffs and beverages ...... do ... . Semimanufactures <;! ____ --------------------.do ... . Finished mauufactures\1 .................... do ... .

By principal commodities: .~gricultural products, totald' ...... _______ ... do ... .

Cotton, unmanufactured __________________ do ___ _ Fruits, vegetables, and prepa.rations _______ do ___ _ Grains and preparations ___________________ do ___ _ Packinghouse products. __________________ do ___ _ Tobacco and manufactures ________________ do ....

1, 493. ti

161.4 124.1 90.9

191.9 925.2

337.5

39.8 28.7

119. 5 19.1 43.0

I, 384.8

143.4 !30. 0 78.6

189.2 843. {)

310.0

30.0 23.4

130.1 23.7 2(i.4

1, 2t.iH. 0

113. 3 107.8 (i5. 8

175.8 803.3

249.5

26.5 24. 5

104.7 20.0 18.8

1, 441.3

134.0 120. I

71i. 7 191.9 918.1i

292.0

36.3 27.3

118. 6 21.4 31.8

I, 452. I

131.9 113. 4

7X. t' :.203. ~i (/24. 5

29fl. 5

31.7 29.5

111.0 20. (i 24. (i

I, 535.3

141.1 131.2

90.1\ 214. g 9.17. 5

325.1

31.1 33.1

129.8 22.4 2(). 5

1. 409.5

133.6 122.1 92.1

203.3 85K4

304.9

29.7 37 .. 1

122.5 22.4 26.1

1. 454. 0

138.6 137.9 96.1

213.5 867.8

327.2

15.9 32.2

132.5 23.8 26.0

1, 384.1

130.6 117.2 99.3

208.3 828.7

298.2

11.6 35.6

119.5 23.5 39.2

1, 464. 2

186.2 114. 4 102.4 226.7 834.5

361.2

26.0 33.5

111.3 2.1. 9 81.8

1, 460.5

184.7 107.2 108.7 183.5 876.5

359.8

46.2 44.6

103.0 27.0 44.2

1, 462.4

232.5 117. 1 94.4

193.6 824.7

405.9

78.0 34.4

108.0 27.2 44.7

1, 658.8

245 3 126.2 92.3

260.0 935.0

420.0

89.1 29.8

123. 9 24.0 50.9

.:\onagriculturalproducts,totalci' ............ do .... 1,156.1 1,074.8 1,010.4 1,149.3 1,155.ti 1,210.1 1,104.il 1,126.7 1,085.9 1,103.0 1,100.7 1,056.5 1,238.8

Automobiles, parts, and aceessories ________ do ___ _ Chemicals and related products§ __________ do ... . Coal and related fuels _____________________ do ... . Iron and steel productsEIJ __________________ do ... .

Machinery, total§d' _----------------------do ... .

AgriculturaL. ____ .... _ .. _________ .. __ ._ .do ... . Tractors, parts, and acccssorics .......... do ... . ElectricaL.. _____________________________ do ... . Metalworkin~:§ .. _. _______ .. ______ ----- .. do ... . Other industriaL .. _._ .•. ___ .• ________ .. do ... .

Petroleum and products ___________________ do ... . Textiles and mannfactures .....•••.•••••... do ... .

Gt·ncral imports, totaL __________________________ do ... . By geographic regions:

Africa. ____ . ____ ._ ....... ____ ..• __________ ._ .do ... . .-\sia and Oceania ____________________________ do ... . Europe .... __ ... ___ . ___ . __ . ____ ._. ________ ... do ... .

.:\orthern North America .................... do ... . Southern North America ____________________ do ... . South America .. ----------------------------do ... .

By leading countries: .Urica:

United Arab Republic (Egypt Region) .... do ... . Union of South Africa _____________________ do ... .

Asia and Oceania: Australia, including: Xew Guiuea .......... do ... . Colony of Singaporc ....................... do ... . India and Pakistan ... _____________________ do ... . Japan ... ----------------------------------do ... . Republic of Indonesia _____________________ do ... . Republic of tile Philippincs ................ do ... .

Europe: Fmnce ................ _____________________ do ... . East Oermany ............................. do ... . West Germany ____________________________ do ... . Italy. _____ ........ _______ ... _________ ..... do ... . Union of Soviet Socialist Republics ....... do ... . United Kingdom __________________________ do ___ _

X orth and South America: Canada. __ •. ____ .. ____ . ____ ._ .. _._ ..... __ .do ... ..

Latin American Republics, totalci'.------ .do ... .

Argentina _____________________________ .. do ... _

BraziL-----------------------------. __ .. do ... . Chile. ___ ._. ____ ._. ____________ • _________ do._ ..

Colombia •••••... ----------- ______ ...... do ... . Cuba ....... ______ . ______ • _______________ do._ .. Mexico __________________________________ do .... Venezuela.------. __________ ._. _______ ... do .. _.

Imports for consumption, totaL. ----------------do ..•. By economic classes:

Crude materials .......•..................... do ... . Crude foodstuffs _____________________________ do ... . Manufactured foodstuffs and beverages ...... do ... . Semimanufactures. __________________________ do ... . Finished manufactures .. _______ ------------ .do ... .

By principal commodities: Agricultural products, totalQ' ________________ do ... .

Cocoa (cacao) beans, incl. shells ........... do ... . Coffee _____________________________________ do ... .

Rubber, crude, including guayule ___ ...... do ... . Sugar ___ ---------------------. ____________ do ... . Wool and mohair, unmanufactured ....... do ... .

Nonagricultural products, totald' ____________ do .. __ _

Furs and manufactures .................... do ... . Iron and steel products Ell* _________________ do ... . Xonferrous ores, metals, and mfs .• totalci' .. do ... .

Copper, incl. ore and manufactures ______ do ___ _ Tin, including ore _______________________ do ___ _

Paper base stocks __________________________ do ... . X ewsprint. ______________________ --------_.do ... . Petroleum and products ___________________ do ... .

127.7 113.5 31.8

'46. 8

313.9

8. 3 17.8 9~. 8 35.7

143.0

39.4 47. 7

J, 253.4

fi3. 5 209. ~ 353. (i

233.0 Hil. 1 242. 5

. 3 10.7

10.6 4.1

20.7 66.3 16.4 15.5

36.2 . 6

f\5. 5 31.9

.t) H4. 3

233.0

354.1

17.1 69.4 19.3

25.9 35.9 43.2 87.5

1, 229.1

266.6 192.6 128.3 :!59. 9 381.7

369.4

34.1 103.5 30.8 32.1 18.0

859.7

21.4 30.8 81.5 20.8

9. 2 28.4 54.3

lti(i. 7

104.0 115.2 34.3

'47. 0

287.8

8. 5 22.3 70.1 29.3

142.9

40.8 44. (i

I, 154.2

43. li 2W. 7 339. fi

184.9 !fi3. 7 205.7

4. 5 7.8

10.8 3.6

20.3 66. (i 17.6 19.9

32. I .4

65.2 26.8

4. 2 82.0

1~4. 7

313.7

12.0 43.3 20.9 22.8 29.3 46.3 84.7

1,134. 5

262.7 145.4 120. 1 242.5 363.7

328.4

18.3 79. fi 32.7 35.9 21.3

806.1

15.1 29.6 81.3 15.3 13.1 29.5 43.2

158.5

104.2 lUi. (i 25.6

' 45.8

291.2

10.8 25.8 71.9 25.4

142.3

35.7 42.8

I, 118. I

47.9 198. I 312.4

193. g HiO. 8 205. I

. 7 10.6

12.5 2.9

Hi.ti 00.4 18. I 18.8

28. (i .3

ti0.1 25.2 3. I

79. 9

193.8

3Hi. 9

8.(; 52.5 15.5 28.4 32.9 49.9 82.1

1, i13. 3

243.8 165.1i 110.8 255. 5 337. G

333.8

12.7 108.2 29.5 37.7 18.7

779.5

10.0 30.8 70.7 16.2

9. 5 27. 2 44.2

160.7

118.0 122.2 29.9

'53. 2

32G. 9

14.1 31.7 81.2 27.1

158.1

39.2 53.5

I, 300.9

5H. 7 240.7 370.6

227.9 175.1 22fi. 9

G. 6 9.0

II. 7 2. 6

22.0 83. I 12.6 27.4

34.3 . 3

70. (i 28. (j 2. 3

89.7

227. !J

345.2

13. 2 tlO. 8 17.0 23.9 43.6 53.2 91.8

1, 274.0

255.7 17(), 4 130.3 303.9 407.7

370.8

14.8 106.0 28.9 47. 5 23.8

----------------------------~--~----~--~-

903.1

9. 8 35.3 91.4 20.8 10.2 2fi. 7 51. 7 '

173.41

118. 1 119. 5 31.9

'54. 5

354.0

Hi. 2 33.8 80.8 32.0

llili. 5

45.2 49.3

I, 220. 9

57.0 23U. 0 37/l. fi

234.5 139.7 174. 2

1.1 10.4

19.8 1.6

23.0 79.5 15.9 25.8

33.8 . 3

75. 2 29. 2 1.5

95.7

234.5

28li. 9

10. \) 49. 5 15. fi 22.7 50.1 42.1i 61.4

1, 209.0

:23(),()

153.9 142.1i 258.2 417.8

353.7

15.6 84.3 26.2 4tl. () 21.9

855.4

8.5 44.8 Sli. 4 17.2

9. 4 29.5 54.1 I

102. (i !

i

118.3 130.1 34.2

T 5.7, {j

351i. 3

15. b 35.1 SK li 32. 4

1G9. ti

42. 7 54. 4

1, 21\:J. s

42. 3 231. 4 3\13. !I

2tH. 7 13X. 2 193.3

. 4 7. t)

10.7 1.7

21.9 78.1 13.6 27.8

43. 4 .3

75. 2 31.9 1.0

102.5

2ii4. 5

301i.l

12.1 53.8 15.8

30.8 4\1.7 40.4 ti2. 4

1. 247.3

241i. 0 Hii.O 142. I 2til. 5 43~i. ti

31i0. 8

Hi.5 93. () 2X. 4 51.5 21.0

R~li. 5

7. 9 49.8 91.9 20.t• 8. 9

'27. i ti0.3 \18.9

105.2 121.2 29.4

'GO. 2

329.2

JG. 3 34.9 74.8 24.2

IG4.4

42.0 47.8

I. 31i9. 4

49.8 21;4, B 399.7

301.6 143.3 210. I

.4 11.1

18.3 2. 5

20.3 88.9 22.9 29.4

42.0 .9

80.2 32.5

1.8 98.0

301.4

322.2

15. 7 38.5 17.3

31.4 54.4 34.9 86.9

1, 335.5

287.9 13tl. (j

147. 7 30\i.l 457.2

33ll. 8

14.9 74.3 29.1 52.3 18.7

998.7

8. 9 55.2

111.0 25.6 19.7 29.9 59.5

142.2

101. 1 122.9 36.8

'56. 0

319.4

15. 1 32.3 78.0 21.7

157.4

42.8 47.4

1. 248.4

43.8 246.0 406.7

267.6 122.9 161.3

1.9 9. 4

17.3 2.4

20.0 91.3 15. 1 30.9

43.5 .6

80.7 33.6 2.0

1116.7

267.5

259.4

8. 6 31.5 15.1

28.0 56.2 27.2 57.6

1. 236.1

244.8 116.2 149.1 270.8 455.2

317.1

9. 4 61.6 32. 1 58.1 15.2

919.0

6. 5 59.4 94.8 19.9 5. 7

211.9 54.2 ~3.11

83.5 123. 1 39.8

'36. 9

308.1

11.7 27.5 77.9 24.9

152.2

38.3 52. 1

1.189. 8

JO 6 2.'i3. 4 341.6

249.5 103 2 201.5

.4 5. 9

17.3 2. 5

19.6 88.1 14.0 34.4

37.8 .2

66.8 34. f)

2. 3 85.6

249.3

280.7

9. 7 70.6 14. 7 27. 4 43.6 24.8 60.7

1,190. 7

zr;Ls 144.9 137.0 253.8 403. 1

351.6

9.4 99.5 32.0 48.3 14.7

839. 1

4. 5 49. 1 87.7 22.2

5. 5 28.5 54.~

102. s

89.7 139.6 36.5

'31. 5

316.9

9. 6 33.0 81. ,5 22.2

156.2

39.0 58.7

I, 391.8

58.8 288.4 424. 7

254.9 112.3 252 .. )

. 2 8 9

22.5 2. 0

20.3 99.3 17.8 36.0

42.5 .3

87.3 34.0

3. 6 102.9

254.4

334.2

10. 1 82.1 21.7

43.8 43.1 25.6 06.1

1. 348.7

264.6 190.6 1G2. 9 274.3 456.3

418.6

14.4 136.7 35.0 .00.5 20.7

930.1

b. 9 54.5 94 3 31.1 14.4 28.2 58.8

115. 6

107.2 119.3 32.4

'29.9

326.1

8.2 28.7 89.2 22.3

160.9

38.5 58.4

1, 204.8

35.0 255.3 368.5

284.0 8(i.0

176.0

.1 8.9

15.8 3.0

18.5 95.9 15.3 25.5

36.2 .2

75.6 35.2

2. 5 94.0

283.9

235.0

8.8 42.0 16.1

25.0 20.1 24.6 62.6

1,214. 6

267.4 113.6 118.3 256.9 458.4

277.1

5. 9 65.7 36.7 22.9 18.0

937.4

4. 2 fiG.G 93.3 21.9

8. 6 29.0 58.9

112. I

101.3 109.9 27.0

'36. I

301.1

8.9 23.8 79.4 22.8

150. 7

31.2 58.5

1. 283. 2

51.3 242.9 402.5

291. 7 10\i. 9 187.9

.2 14.3

14. I 1.8

19.3 95.9 12.6 21. 1

42.9 . 2

82.5 32.2

1.0 96.fi

291. 4

261.8

7. 8 39.0 17.3

25.5 23.7 28.4 77.2

1, 262.5

252.8 129.2 109.9 299.5 471. 1

284.3

10.2 74.5 37.2 17.9 12.0

978.2

5. 7 in. o

10.1. 7 42.3

7. G 32.0 60.9

122.9

99.4 152.4 29.8 54.0

341.4

8 8 2fi. 1 84. l 27. 3

174 5

44. r, Gti. 8

1. 477 8

60.7 264.4 471. 7

288.8 140.9 251.3

.3 14.8

20.7 2. 4

21.0 107.8 15.0 14. 7

45.0 . 2

99.4 44.0 3.0

103. 6

288.7

353.0

8. 8 66.5 25.8 30.1 2i. 5 39. I 96.3

I, 431. li

283.3 189.5 127.9 322.7 508.1

367.2 Z:l. 0

113.3 35.7 26.2 18. 1

1. 064.3 21. (I

82 8 111.4 43 .. 1

7. 4 28 :l 65 1

141.

' Revised. P Preliminary. , See similar note on p. S-21. \l Data for semimanufactures reportL•d as "sp.-cial category. type I" are included with finished manufactures. ci'Includes data not shown separately. §Excludes "special category, type 1" exports. Ell Comprises pig iron, scrap. steel mill products. and other iron and steel products; excludes advanced manu· fartun}s. Revisions for exports and data for imports (prior to December 1958) will be shown later. *New series; see nott\ marked "e".

SURVEY OF CURRENT BUSINESS S-23

Unless otherwise stated, statistics through 1958 and 11958 ___ ~----,-----,----,-----~---,----1915_9 ___ ,------,----,---,----,---·1 1960

descriptive notes are shown in the 1959 edition of Decerrr- J"ntl- I Febl'll-1 I . I I I I I " t I I ,. I D . - J-- ---BUSINESS STATISTICS u l\I h \ I M June Juh.- Auuust " 0 P_ em- 0 t >b ·· _,ovem- ecem- ann-her ary ary • arc " pn ay n her c ' u her bcr nry

TRANSPORTATION AND COlW\lUNICATIONS

TRANSPORTATION

Airlines~

Scheduled domestic trunk carri<•rs: Financial operations (quarterly totals):

Operatinv revenues, total<; ____________ mil. of doL. Transport, total<;! _________________________ do ___ _

Pflssenger _______________________________ do ___ _ Property ________________________________ do ___ _ tT.S. mail (excl. subsidy) ________________ do ___ _

Operating expenses (incl. depreciation) ______ do ___ _ i\et income (after taxes) _____________________ do ___ _

Operating results: 1\Iilrs flO\vn, revenue __________________ thousands __ Express and frei!(ht ton-miles llo\\·n __________ do ___ _ Mail ton-miles flown ________________________ do ___ _ Pnssengrrs originated, rcvenur ______________ do ___ _ Passenger-miles flown, revenur _________ millions __

Express Operations

Transportation revenues ________________ thous. of doL_ Express privilege payments _____________________ do ___ _

Local Transit I~ines

Fan's, flxerage cash rate ________________________ cents __ Passf'ngf'rs carried, revenue __________________ millions __ Operating revenues ________________________ mil. of doL_

Class I Motor Carriers (Intercity)

Carriers of property (quarterly totals): ~umber of reporting carriers ________________________ _ Operating revenues, totaJ. _______________ mil. of doL. Expenses, totaL ______________________________ do ___ _ Freight carried (revenne) _______________ mil. of tons __

CarriPrs of passengers (quarterly totals): ::\umber of reporting carriers ________________________ _ Operating revenues, totaJ. _______________ mil. of doL. Expenses, total _______________________________ .do ___ _ Passengers carried (revenue) _______________ millions __

Class I Railroads

Fn•ight earloadings (A. A. R.):ci' Total cars __ ---------- ____ ----- __________ thousands __

Coal. _ ------ _________ --------- _____________ .do ___ _ Coke _____________ ------ _____________________ do ___ _ Forest products ____________________________ do ___ _

Grain and grain prodncts ____________________ do ___ _ Livestock __________ ---------- ______ -------- .do ___ _ Ore ___ --------------------------------------do ___ _ Merchandise, l.c.l. __________________________ do ___ _ Miscellaneous ______________________________ .do ___ _

Freight carloadings, seas. adj. indexes (Fed. Res.): Total __ --------- ______________________ 1935-39= 100 __

Coal._ --------------------------------------do ___ _ C'oke ________________________________________ do ___ _ Forest products __ ---------------------------do ___ _

Grain and grain products ____________________ do ___ _ Livestock __ ----------------------------- ____ do ___ _ Ore __ ---------------------------------------do ___ _ Merchandise, I.e.! ___________________________ do ___ _ M iscellaneons _______________________________ do ___ _

Financial operations: Operating revenues, total'¥ ______________ mil. of doL_

Freight __ -----------------------------------do ___ _ Passenger __ ---------------------------------do ___ _

Operating expenses ____ ----------- ______________ do ___ _ Tax accruals, joint facility and equipment rents

mil. of doL :\ et railway oprrating income _________________ do ___ _ ::\ct income (after taxes)t ______________________ do ___ _

OpPrating results: Freight carried I mile ______________ mil. of ton-miles __ Hevenue per ton-mile ________________________ cents __ Passengers carried 1 mile (revenue) ________ millions __

'\Vaterway Traffic

Clearances, vessels in foreign trade: Total U.S. ports ________________ thous. of net tons __

Foreign vessels ____________________ ----- _____ do ___ _ United States vessels ________________________ do ___ _

Pmrama Canal: Total __________________________ thous. of long tons __

In United States vessels _____________________ do ___ _

371.6 365.3 327.6

24.7 10.2

337.2 16.7

46, 180 25. 37V 11,834 2, 740 1, 779

41,998 16, 154

17.6 '689

122.2

872 1, 102.2 1,062. 3

65.7

142 102.3 91.5 SY.I

2,188 467 34

135

201 18 56

156 1, 121

109 100 109 126

157 33

165 27

117

'836. 9 '685. 0

66.9

656.0

103.2 T 77.3

88.4

46,661 1. 488 2,205

12,472 10,526

1, 946

4,106 846

I 57,866 I 23,406

I 9,078 I 3, 255 12,061

29,420 8,136

17.6 641

111.3

'2 743 , !\.57

42 176

'266 24 76

192 'I. 410

111 94

104 133

150 38

221 26

120

784.2 660.5

57.9

644.5

103.5 36.2 21.5

47,625 1.434 1, 924

12,687 10, 948

1, 739

4,365 953

56,659 23,478 8, 728 3,126 1, 921

29,049 8. 414

17.7 605

105.9

2,291 446

3R 148

214 15 62

168 1, 199

111 92

ll:J 125

154 34

218 27

123

748.3 637.8

49.0

609.2

99.3 39.8 20.0

45,360 1.441 1, 567

11, 010 9,398 1.612

4, 231 1 853

1407.6 1404.0 I 367.4

1 24.R 110.0

I 391.6 18.3

64,795 28,326 9, 993 3. 705 2,305

33,966 13,075

17.7 673

115.8

907 1, 073. 1 1, 025.2

65.9

136 90.6 85.8 51.9

2, 3981 412 44

158

20cj 19 75

li6 1. 312

113 84

136 127

155 42

229 28

128

857.9 734.6

51.4

655.5

123.2 79.1 58.0

51.232 1. 462 1, 705

12,365 10,428

1, 937

4. 726 1, o55 I

63,029 26.963 9, 588 3, 743 2, 260

31.403 11, 839

17.7 668

117.4

2, 489 407

44 155

191 22

127 171

1. 373

115 8,5

141 127

153 44

173 27

133

856.4 736.8 48.3

652.7

121.3 82.3 62.4

51.231 I. 474 1, 582

11,837 9, 78,5 2, 052

4, 261 964

64.036 27,785

9, 562 3, 818 2, 295

30,471 11,330

17.8 667

11.5. 9

3,419 546 55

206

243 28

365 209

1, 767

118 92

144 130

159 44

173 27

134

879.5 756.9 50.5

667.9

124.2 87.5 71.7

55,440 I. 421 1, 691

13.886 11, 501 2,385

4, 861 1,344

r Revised. P Pn·lirninary. I See note marked"§." §Data beginning 1959 include operations intra-Alaska and jntra-Utnvaii, not included in 0arlicr fignrcs. 9 Includes data not shown separately. ci'Data for January, May, August, and October 1959 anti January 1960 co,·er 5 weeks; other months, 4 wPeks. tRevision for November 1958: $o3,200,000.

I 41\4.1 1 460. 7 1420.6

I 26.9 I 10.3

1421.4 1 22.2

64,056 28,543 9, 200 4,112 2, G28

32, 231 13,029

17. 9 630

110.9

900 1, 181.8 1,102. 6

70. ,)

138 109. g 93. \) 57. tJ

2, 813 471 42

164

240 17

319 162

1, 397

115 92

136 129

169 35

180 26

129

899.8 765.7 61. ,5

674. 2

136.3 89.4 72.6

53,507 I. 467 2,123

14,032 11, 6fi7 2, 375

4, 74R 1, 290

65,895 27,841 9,128 3, 982 2, 593

29, 406 10,401

18.0 597

112. 2

2, 249 251

28 154

242 15

190 156

1, 214

96 61 81

129

143 35 88 25

114

821.6 687.3 64.2

658.5

114.2 48.9 31.3

46. 179 1. 531 2,296

13,459 10, 859 r 2,600

4, 8371 1, 218

'66, 544 '29, 341 '8, 996 '4, 191 '2, 734

30,292 11,033

18. 1 571

107.1

2, 712 491

15 211

265 24 54

205 1,448

95 81 40

130

135 37 25 26

108

774.4 642.7

62.4

629.4

105. I 3\J. 9 25.2

47,090 I. 412 2, 262

13,242 10, 575

2, 667

4, 542 1,114

I

1490.9 1487.0 1445.0

I 28.5 110.0

I 444.4 122. f\

63,321 '31, 230 '9,307 '4, 032

2,515

34,677 14,708

18.1 631

110.0

898 1.159. 1 1, 103. 9

66.5

137 134.0 104.4 62.8

2,190 403

12 163

20l 32 35

165 1, 17\l

\16 87 42

127

132 46 21 26

108

769.2 648.7 49.9

615.1

108.3 45.8 29.3

45, 786 I. 459 1, 714

4, 334 1, 091

64,247 32,789 10,138 3, 988 2, 385

34, 29fl 14,422

18.1 666

124 .. 5

2,908 542 16

202

284 55 ,50

213 1, 546

98 90 42

123

161 52 23 26

107

808.3 687.3 47.3

625.8

115. 4 {)7.1 50.0

49,811 1. 420 1, 588

4,287 901

60,548 27,520

9, 2()4 3, 712 2, 202

32,080 12, IrA

18.2 627

117.8

2, 403 452

28 157

225 32

156 154

1,199

107 97 93

136

167 46

152 25

114

780.9 658.9 48.3

617.4

107.2 56.4 40.7

48.881

4, 595 855

18.2 682

2,376 4,54 45

156

176 19

146 143

1, 237

120 97

142 143

134 36

403 24

129

84.5. 8 696.3

60.5

2,870 55.5

5S. 18.5

229 22

109 17(;

I. 53fJ

11\) 9!\

143 141

137 35

310 24

131

77.3 ---------

5, 249 1, 094

S-24 SUHVEY OF CURHENT BUSIKESS February 1960

Unless otherwise stated. statistics through 1958 and ~-~~~~ 1959

descriptive notes are shown in the 1959 edition of (I • •

BUSINESS STATISTICS Di~;:u- J~~;- I F~~~~-~ :\larch I April ! :\lay I June I July 1

- 1960

I Aurrust I Septem-1 October I Novem-1 Decem- --fu~ b her ber

1

her ary

TRANSPORTATION AND COl\ll\IUNICATIONS-Continued

TRANSPORTATION-Continued

Travel Hotels:

Average sale per occupied room _____________ dollars __ Rooms occnpied ____________________ percent of totaL_ Restaurant sales indext ______ same month 1951=100.

Foreign travel: U.S. citizens: Arrivals ___________________ thousands __

Departures ______________________ do ___ _ Aliens: Arrivals _______________________________ do ___ _

Departures ___________________________ do ___ . Passports issued and renewed _________________ do ___ _

National parks, visits§ ___________________________ do ___ _ Pullman Co.:

Revenue passenger-miles __________________ millions_. Passenger revennes ____________________ thous. of doL.

COMMUNICATIONS

Telephone carriers: Opera tin!!: revenues<;> ____________________ mil. of doL_

Station revenues __________________ ------- ____ do. __ Tolls, message _____________ --------- _________ do. __ _

Operating expenses, before taxes _______________ do ___ _ Net operating income __________________________ do ___ _ Phones in service, end of month ___________ millions __

Tele~raph, cable, and radiotelegraph carriers: Wire-telegraph:

Operating revcnues __________________ thous. of doL_ Operating expenses, incl. depreeiation _______ do ___ _ Net operating revcnues ______________________ do ___ _

Ocean-cablP: Operatin!( revenues _________________________ do ___ _ Operating expenses, incl. depreciation _______ do ___ _ Nrt. opC'rating revenurs ______________________ do ___ _

Radiotrlrgrnph: Opf'rnting revp.nnes ------·-- __________________ do ___ _ Opf'rnting rxpenses, incl. deprC'ciation _______ rlo ___ _ Nrt opPrntin~ revenues_ _ ______________ do __ _

CHEMICALS

Inorganic chemicals, production:t Acetylene ______________________________ mil. of en. ft. Ammonia, synthetic anhydrous (commercial)

thous. of short tons. Calcium carbide (commcrcial) _________________ do __ _ Carbon dioxide, liquid, gas, and solid __________ do ___ _ Chlorine, gas _________________________________ do ___ _ Hydrochloric acid (100% HCI) ________________ _cto __ _

Nitric acid (100% HNOa) ______________________ do __ _ Oxygen (high purity) _________________ mil. of cu. ft. Phosphoric acid (IOO% P,O,) ___ thous. ofsl•ort tons Sodium carbonate (soda ash), synthetic (58% I\'a,O)

tho us. of short tons_ Sodium bichromate and cl'romate ____________ do __ _ Sodium hydroxide (100% NaOH) ___________ do __ _ Sodium silicate (soluble silicate glass), ancydroPS

tl''OPS. of sl'ort tons_ Sodium sulphates <anhydrous, refined; G Iauber's salt;

crude salt cakP) __________ thous. of short tons. Sulfuric acid (100% n,so,) ____________________ do ___ .

Organic chemicals:cl' Acetic acid (synthetic and natural), production

thous. of lb_ Acetic anhydride, production _________ . _______ do ___ _ Acetylselicylic acid (aspirin), production ______ do __ _ Akorol, ctl'yl:

Production ____________________ thous. of proof gaL. Stocks, end of month, total _________________ do __ _

In industrial alcol'ol bonded warehouses .. do ___ _ In denaturing pinnts ________________________ do ....

UsPd for dcnaturntion _______________________ do ___ _ Witl•drawn tnx-pnid ____ --------------------.do. __ .

Alrol'ol, dc>naturcd: Production __________________ thous. of wine gaL. Consumption (witl'drawals) ________________ .do. __ . Stocks, end of month ________________________ do ___ _

Crrosotc oil, production _______________ thous. of gal DDT, production _____________________ thous. of lh_ Etl•yl acetate (85%), prodnction _______________ do __ _ Etl•ylene glycol, prodnction ___________________ do __ _ Formalderyde (37o/o HC'HO), production ______ do ___ _ G lyr(•rin, rrfincd, all grades:

Prodortion _ _ _ ________________________ do .. . Stocks, rnd of month ________________________ do ... .

M<•tb:mol, production: 1\'"ntnraL ____________ ---------------- thous. of gaL_ Syntl•rtic _________ ---------------------- do ___ _

Phthalic anhydride, production ________ thous. of lb __

r Fevi~cd. P Prrliminary.

8. 22 54

113

105 115

75 77 30

411

415 6,440

635.3 357.9 219.1 398.8

99.7 58.5

20,2.17 16,612 3, 287

3, 095 2, 204

637

3,876 3,185

619

8. 56 67

117

115 118

74 60 48

428

370 5, 845

624.7 357.3 208.8 376.9 102.1 58.7

20,938 18,657

I, 264

3. 015 2, 281

464

3, 722 2. 929

668

8. 64 69

118

117 128 65 54 58

478

318 6,130

610.1 354.6 197.2 363.9 101.8 59.0

19,921 17,275 1,680

2, 801 2, 211

349

3, 506 2, 720

651

8. 28 66

114

!50 148 82 66 86

630

311 5, 063

641.3 359.8 223.3 387.9 105. I 59.2

22,381 18,676

2, 664

2, 960 2, 274

430

3. 884

2, ~~~

9.11 72

116

139 144 82 64 95

746

268 4, 356

643 .. 5 363.9 219.2 387.4 106.5 59.6

21,878 18,485 2, 35.1

3,021 2,356

395

3, 949 2, 922

900

8. 48 fi8

121

143 !59 95 79 93

1, 348

255 4,124

648.4 364.7 222.6 388.9 108.2 59.9

21,920 18,920

I, 959

2,888 2,413

214

3, 824 2, 949

750

9.08 69

117

165 224

99 99 84

3, 158

301 4,813

652.5 367.5 224.5 392.8 107.8

60.1

22,828 18,960 2, 849

3,055 2, 388

435

4, 039 3,004

899

8.42 60

117

199 226 105 98 65

5, 306

302 4,829

656.6 366.2 229.3 408.5 103.2 60.4

21,897 19,720

1,171

3,094 2, 364

411

4, 002 3,080

810

CHE:\IICALS AND ALLIED PRODUCTS

1,024

324.9 92.8 5o. s

335.2 76.9

245.0 3. 765 141.4

361.4 8.9

372.8

43.9

86.1 I, 494.8

•'49, 556 92, 145

1, 530

41, 576 32, 562 29, 697

2, 865 39,333

635

21,207 22,131

5, 128

9, 081 13,041 7,189

no. 277 128,716

21,908 42,149

142 22, Ii9 29,571

1. 031

:J38. 8 i9. 2 u2. 4

3:ll. 4 80.3

240.8 3, 992 151.0

357.0 9. 7

364.4

35.5

85.5 1, 464.3

58,614 90. 525 1,890

'38,134 28, fi\)3 26,299

2, 293 39,112

692

21,007 21,723

4, 449

6, 917 12,\132

6, 821 97.210

137,067

22. 000 42, 400

158 22. s:H 29,018

957

32ft 5 81.7 .~\). fl

310. \J 78.3

241.0 4,016 145. 6

362.3 8. 5

335.6

33.3

76.5 1, 406. 3

47,290 79, 951

I, 387

'35, 804 31. (i71 28.771 2,\100

33, 474 r 633

18,041 18, 184

4, 311

7, 423 11, 422 fi. 908

87.747 129,545

20,500 4·1, 800

155 20, 670 23,995

993

384. I 95.3 (\9. 4

351.8 8.5. 0

267.2 4. 656 !66. 9

416.8 9.6

387.2

43.3

89.3 1, 579. 9

57, 570 86, 949

1, 512

42.\195 29. o45 27.127

2, .518 43, 267

714

23, 243 23. 507 4,107

10, 417 12,629 10. a;Jo 94. o:J6

148, 461

21.000 43, 100

192 19.774 34, 223

996

400.2 80. g 77. 4

341.5 82.7

268.1 4, 652 168.2

404.5 10.9

375.9

53.8

89.6 1, 595.9

48,729 90,445

I, 797

46. 684 28. U47 2G. f>23 2, 324

43, 112 68.5

23,195 22, \)39 4, 358

7, 819 13. 440

5, 304 91.187

144.117

19.900 39, GOO

150 18.849 33,316

1,052

413.1 82.5 88.8

3G8. 8 88.3

961

386.8 87.9 97.5

349. 5 87.6

261. 7 233.0 4. 728 4. (i39 163.6 147.9

434. 6 413.1 10.4 10.0

402.2 387.9

54. 0 39.1

88. 7 85. ·' 1, 578. 6 1, 469. 5

57, 734 89,656

I, 610

44.606 28,625 25, 7H2

2. 834 42, 943

753

23, 105 21,888

5, 559

8, 727 14.095 8. 441

94. 677 141,493

21, wo ao, 700

203 21, 144 34, 911

57,441 88,733

1,393

47.628 32.747 29, 9fi2

2, 785 42, 494

771

22, R70 21. r,og 6, 74-1

9. 0:>2 14. GOJ 9, 3:19

94. ~08 149, 652

24,600 38, \lOO

192 21, SOil 31,850

994

3f>6. 5 88.4

108.4 359.2

86. (]

233.4 3. 207 140.3

419.7 10.2

394.7

30.4

84.6 I, 365.1

58,546 92,679

1,012

41,325 34, 848

40,003 708

21.519 22,788

5, 453

ll,fifiO 12,809

7, 248 91, U56

126, 515

18,500 35,000

192 22. 2G5 32, 731

9. 41 fi4

110

252 186 121 88 .51

5, 612

300 4, 786

654.3 365.8 226.9 390.5 110.3 60.6

21,905 18,812 2,218

2, 936 2,246

367

3, 913 3, 060

721

980

342.6 81.4

102.5 36-1.0 89.9

241.8 2, OG6 154. I

423.8 D.4

398.7

37.4

85.6 1,310. 9

58,971 93,860 1,361

41, 121 34,110

38,661 594

20,819 21,439

4,825

5, 587 12. 717

7, 923 9(], 410

148,129

2:l, 700 34,000

179 22, ()\lf.l

30, 970

9. 28 70

116

203 14.5 133 98 44

2,130

249 3, 997

654.3 369.1 222.3 400.2 109.6 61.0

21,992 19,114 2,034

3,181 '2,304

449

4, 094 3, 078

894

974

359.0 79.0 90.9

3r.4. 3 89.2

2bl. 3 2, 033 153.4

406.5 8.9

397.5

51.0

86.3 1, 336.7

61,095 90, 649

1, 262

39, 557 32,269

38,348 714

20,688 21,965

3, 506

6, 236 13,328 7, 93.5

96, G23 155, 724

2.1. 400 32,900

lfl4 22,.591 27, OUI

9. 65 i3

114

!51 122 102 s:J 37

1,192

258 4,135

666.6 376.7 227.0 406.7 102.0 61.3

22,023 18,967 2, 263

3, 237 2,399

489

4, 2'>8 3, 10.5 I, 04.1

'1,004

390.0 75.0 83.1

387.0 90.1

268.7 '2,113

162.7

428.1 10.1

420.0

53.3

90.1 1,445. 2

64,432 95, 311

1,690

42,685 31,579

42,603 760

22, 9(i3 22,1l31 3,827

4,819 13,199 8, 381

103,150 159,393

25, l\00 36,800

184 23, 239 23, 274

t l'p,·ised E:PriPS (firsts' own in Oetoh0r 1959 SnRVEV), rl'fft'etinp: chnn'l'f\ in compnri~on h:lSC' TWriatl; monthly d:1t:1 for 19.1)3-Jnly Hl."i8 are avnilahlt: upon requrst.

9. 52 65

110

119

8. 5.1 53

115

79 --------- ---------

33 817

241 3,818

657.4 376.3 217. 1 394 3 110.8 61.6

20,496 18, 225

I, 540

3.068 2, 289

449

4, 034 3, 116

803

1,020

382.1 82.2 70.0

37f\. (\ 87.6

2li8. 5 3, 659 1.53. 7

427. 6 10. 5

'407.0

49.6

88.9 1, 437. 9

57,303 81,737

I, 677

42,266 29,497

41,984 676

22,549 23, 924

2, 448

il, 371 12,012 7, 495

99, 114 154, 846

23,800 39, GOO

38 .5fJ 528 ---------

41U. 7 103.9

37Y. 5 90. 7

288.3

158. 2

402.3 ---------

404. () ---------

I, 528.3 ---------

23,mo 42, 5:JO

161 2:1,770 17,481 c:: :::: :::::::::

§ HL'J!inning \vitl' tl r' Octol>f'r 1\159 ST'J;VEY, U1c fig-Prr·s indndc vi::-:its to \'f o1mt :\ r e !(inky, ;'\ l:'~kcl nnd Iln\\·aii X:1tional P:uk, Hawaii. Comparable Uata. for earlier periods will lle shown later. 9 Jndndes data not shown seporntf'ly. tRcvision~ for 19,17 rmd J<:Jmwry-E'f'ptC'n'brr E)58 \Yill he sllO'IYn l<-ltcr.

cJ·D"t:' (PX< 1 rt f(T :!kCJ: nl) rrr rrportt•d on hn::'is of 100-P•'rl't'Pt ror.t!'Pt of th' sprcifiNf mntt'rinl m1lc~s otht'fWi."f' indir:ltrd. (iHcvisionf.: for January-:\overnber 1958 (thons. lh.): 47,715; 40,040; 40,3:20; JO,!J39; 44,·1:?5; 48,0SS; 48,:382; 50,8HJ; 53,GDS; 53,9Gi; 56,G77.

SURVEY OF CURRENT BUSINESS s--25

~nleos otherwise stated, statistics through 1958 and ~~~ de~c("iptive notes are shown in the 1959 edition of Decmn Janu BUSINESS STATISTICS I ber - ary- I F;~~u-1 March I April I May

1959

June I July 1

1960

I AU"Ust I Septern-1 October I Novem-1 Decem- Janu-g ber ber

1

brr ary

CHEMICALS AND ALl.IED PRODUCTS-Continued

FERTILIZERS

:on,;umption (10 States)§ ________ thous. of short tons_. E'ports. total <;! ___________________________ short tons ..

\"itroeenous materhls _________________________ do Phosphat<\ materials ___ , ______________________ . do Potash materials ___ -------------------- ____ ._ .do

lmports, total <;! -----------------------------·­.'\itrogenous materials, total<;!--------------·

Kitratc of soda ___ -----------------------

t~f~~hh;;;;t~r~~j~~~l~~~~:::::::::::::::::::: _.

do do do __ _ do __ _ do ___ _

'334 341,862 64,923

214,930 41,441

191,448 128, 743 49,875 12,942 31,803

411 338, 184 53, .158

249,66\ 25, 648

13(), 003 82,371 23,4.16

4, 003 28, 390

581 447,7\6 122,223 276, 337 30,316

222,337 126, 272 28,019 14,243 45,387

1,491 476,844 83,044

319,450 62,689

27\,328 153, 100 48,461 10,987 48,412

1, 799 464,114 43,28\

354,754 58,321

304,488 163, li2.5 41\,283

8, 642 51,184

1. 488 471,229 39,425

375, .)58 40, 118

210,864 129,819 53,239 9,864

15,349

789 4n,oo2 40,778

393,906 26,446

233,441 143,529 38,837 33, 270 20,582

316 530,043 62,390

438,590 25,334

371,174 287,017 45,418 25,985 34,857

Potashdeliveries _____________________________ .do .. 249,613 113,247 166,899 276,Htl 360,096 193,210 85,226 114,563 3uperphosphate and other phosphatic fertilizers (100%

A.P.A.): Production _________ ----------- __________ short tons__ 21S, 867 225,616 236,354 265,920 2.17, 522 241,899 188, 788 169,247

284,881 Stocks, end of month ______________________ ... do ____ 378,734 385,448 383,647 299,965 179,589 \60,279 240,179

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments: Black blastin!( powder _______________ . __ thous. of lb __ Hi!(h explosives ______________________________ .do ....

Paints, varnish, and lacquer, factory shipments: Total shipments_______________________ mil. of doL

'l'radc products ___________________________ .. do ___ _ Industrialtinishes ________________________ .. do __

8ulfur (native): Production ______________________ thous. of lone tons __ Stocks (producers'), end of month ___________ do_

SYNTHETIC PLASTICS AND RESIN MATERIALS

Production: Cellulose acetate and mixed ester plastics:

Sheets, rods, and tubes _______________ thous. of lb ... l\folding- and extrusion rnatC'rials ____________ do __ _

Kitrocellulosc sheets, rods, and tubes .. __ . ..do

Phenolic and other tar acid reslns _____________ do __ _ Polystyrene_ .. __ ·----· ________ ------------- ___ .do.---Urea and melamine resins ____________________ .do ___ _ Vinyl resins ___________ ----------------------- .do. __ _ Alkyd resins ________ ------------------------- .do.---

Rosin modifications __________________________ .do.--. Polyester resins ___________ ------------------- .do .. __ Polyethylene resins ____________________________ do.- __ Miscellaneous. _____________________ -----_- __ - .do_---

ELECTRIC POWER

Production (utility and industrial), totaU mil. of kw.-hr __

Electric utilities, totaL ______________ ._ .. _____ .do. __ _ By fuels ________ -------------------. ________ .do ___ _ By waterpower. ____________________________ . do ___ _

Privately and municipally owned utilit.ies ... do ___ _ Other producers (publicly owned) ___________ do ___ _

Industrial establishments, totaL ______________ do ___ _ By fuels ____________________________________ .do ___ _ By waterpower ______________ .. _______ - ___ --- .do ___ _

208 70,643

108.7 57.3 51.4

378 4, 442

4, 238 8,432

161

44,295 6\,003 26, o03 81,563 26,901

352 61,2\5

12.5. 5 71.2 54.3

346 4, 427

4, 580 8, 810

294

44,008 62,241 29,162 83,6.59 30,683

10, 145 10, 469 10,842 11,041 83, 692 87' 329 19, 137 I 23, 057

205 67,404

120.7 67.7 53.0

318 4,376

3,852 7, 954

290

41,819 60,905 27,693 82,937 29,649

10,194 10,712 78,419

121,592

127 73,523

150.7 87.7 63.0

374 4,325

3, 713 9, 049

288

47,956 73,706 30,064 92,310 34,023

3\6 86,657

170.7 103.0 67.7

391 4, 248

4,634 9,432

317

44,943 67,625 31,565 92,122 36,373

208 80,427

173.0 104.1 68.9

389 4,156

3,882 8, 121

315

46,567 73,915 30,370 98,884 35,729

124 80,696

175.9 106.5 69.4

347 4,079

4,028 8, 292

304

45,320 72,312 33,967 98,405 34,395

84 72,245

166.7 102.9 53.8

318 3,988

4,437 8,012

250

39,952 65,723 23,470 94,272 30, 587

10, 601 12, 413 12, 518 12, 601 10, 706 14, 783 15, 691 14, 068 13, 680 11, 686 95, 133 98,312 104.549 98,907 100,477

I 26, 164 I 25,903 1 24, 192 I 26, 468 I 22,434

ELECTRIC POWER AND GAS

66,396 59,236 48,485 10,751

48, lOS 11, 131

7, 100 6, 916

244

67,227 59,943 48,652 11,292

48,688 11,256

7,284 6, 999

285

60,968 54,158 43,487 10,671

43,938 10,220

6,8\0 6,554

256

65,889 58,352 46,327 12,025

47,369 10,983

7, 537 7, 247

290

63,394 55,807 43,637 12,170

45,376 10,431

7, 587 7,264

323

65,381 57, 66! 45,924 11,737

46,872 10,790

7, 720 7,411

309

67,390 59,840 48,586 11, 254

49,001 10,839

7, 550 7, 284

267

68,539 61,695 50,212 11,482

50,037 11,658

6,844 6,608

236

198 462,443 34, 86\

368,917 40,171

323,819 200,980 32,651 6,122

93,022

223,688

178, 1.53 293,775

141 75,282

158.4 98.4 60.0

369 3,876

4,086 8, 690

238

46,522 69,210 28,368 98,766 32.200

339 456,690 33,852

362,969 51, 178

326,968 199,315 67, 118 12,989 76, 514

322 437, 592 24,170

326,939 74, f>83

135, 795 92,385 25,933 7,460

1.5, 538

336 342,512 62,129

239,8\7 27,740

149,848 89,390 24,507 8,444 6,692

\10, 579 187, 975 109, 971

198, 086 '220, 205 220, 762 281, 613 '292, 636 329, 903

223 72,049

156.6 96.4 60.2

399 3,815

4,187 8,877

247

49,988 75,829 31,051 98,fl24 33,167

174 74,223

143.0 83.2 59.8

483 3, 899

4, 706 9,519

243

'51, 754 78,938

'34, 146 'lOS, 6.53 '33, 197

241 70,143

121.4 70.8 50.6

408 3,834

4,096 8,857

106

48,322 73,625 29.366

100,470 25,541

11,428 12,419 '12, 878 12,362 11,394 11,053 ' 12,804 11, 777

103,097 104,616 109,338 110,802 125,748 I 27, 750 ' 125, 735 I 24, 917

69,562 63,084 52, 127 10,957

51, 263 11,821

6,478 6,261

217

64,846 58,585 48,321 10.264

47,979 10,605

6,261 6,017

245

65,499 59,032 47,529 11,.503

48,359 10,673

6,467 6,170

297

65,275 58,433 46,764 11, 668

47,889 10,544

6,842 6, 550

292

343 567, 564 o8,ll80

377,877 97,357

261, 71\ 145, 03:l 28.843 19.296 68, 169

238, 117 363,718

182 72.838

119.6 64.5 55. 1

412 3.810

70,539 63, 1\1 .50,427 12,688

51,850 11,261

7,428 7,100

328

Sales to ultimate customers, total (E E I)----- __ - .do____ 50, 337 52, 461 51, 140 51, 427 50, 434 50, 410 52, 120 52, 661 53, 658 54, 079 52, 061 ' 51, 688 • 54, 500 Commercial and Industrial: Smallli~htandpowcr _______________________ do ____ 8,564 8,810 8,647 8,549 8,429 8,673 9,433 10,114 10,611 10.687 9,810 '9,244 •9,400 LargelightandpoweL----------·------------do ____ 24,447 24,301 23,826 2.5,052 25,049 25,743 26,550 25,531 25,297 25,354 25,191 '25,047 •26,100

Railways and railroads ________________________ do ___ _ Residential or domestic ________________________ do ___ _ Rural (distinct rural rates) ____________________ do ___ _ Street and highway !ighting ___________________ do ___ _ Other public authorities ____________________ .. do ___ _ InterdepartmentaL __________________ - ___ - do ___ _

Revenue from sales to ultimate customers (Edison Electric Institute) ____________ . _______ ... mil. of doL

GAS

1\Ianufactured and mixed gas (quarterly): t Customers, end of quarter, total \! ______ thousands __

ResidentiaL ________________________ . ___ . ____ do. __ _ Industrial and commerciaL _______ ---------· .do .. __

Sah>s to consumers, total\! __________ mil. of therms __ ResidentiaL_________________________ _ __ .. do ___ _ Industrial and commerciaL ________________ .do .. __

Revenue from sales to consumers, total 9 mil. of doL

ResidentiaL _______________________________ .do ___ _ Industrial and commerciaL _________________ do ___ _

372 14,420

791 .')60

1, 127 56

849.0

2,899 2, 709

188

609 444 159

82.9 64.5 17.9

355 16,363

868 563

1, 149 51

885.7

339 15,741

800 509

I, 171 47

872.3

333 14,848

921 497

1,167 60

859.0

2, 878 2,685

191

960 748 205

121.7 97.6 23.4

307 !3, 907

I, 083 454

1, 150 56

842.7

289 12,975 1, 088

424 1, 161

56

842.0

282 13,008

1, 191 404

1, 193 59

857.2

2,866 2,674

189

511 344 \54

70.9 53.5 16.7

277 13, 681

I, 408 415

1,170 65

886.2

363 14, 190 1,499

446 1,193

60

906.9

' Revised. • Preliminary. I Beginning 1959 includes protective coatings; earlier data (which exclude such coatings) are not comparable.

364 14, 581 1, 343

478 1, 211

60

921.5

2, 770 2,584

184

287 163 114

42.8 30.6 11.9

380 13, 916

978 524

1, 210 51

891.1

401 '14, 314

875 561

1,204 43

881.6

p 15,925 ---------

§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisian!\, Texas, Oklahoma. According to quarterly reports from Vlrgolnia, c·onsumption in that State is as follows: (thous. short tons): 1958-0ctober-Decemi.Jcr, 84; 1959-January-March, 316; April-June, 303; July-September, 69; October-DecemiJer, 73.

<;!Includes data not shown separately, tElectric-power production revisions for 1958 appear on p. 20 of the January 1960 SURVEY. Manufactured and mixed gas revisions for 1st and 2d qturt{'rs or 1958 arc available upon rf'qnest.

S-26 SURVEY OF CURRENT BUSINESS Pebrnar;y l!tt)

Unless otherwise stated, statistics through 1958 and ~~~-~~----~------~-----~- 1959 1 1960

descriptive notes are shown in the 1959 edition of Decem- Janu- I Feilrn-1 :\! 1 I . .1 I ~! I June I July I August I Septe~l-1 Oetoher \ :'-iovem-1 Decem~ -J~~~~-BUSINESS STATISTICS ber ury ary - arc 1 .\pn " ay ber

1 ber her ar;

~--~----~----~----~----~----~----~----~----~----~----~----~----

ELECTRIC POWER AND GAS-Continued

GAs-Continued

:-;-atural gas (quarterly):\? Custon1ers, end of quarter, totaL ________ thousauds __

H<•BidentiaL ________________________________ do ___ _ Industrial and commerciaL _________________ do ___ _

Salt>s to consumers, totaL ____________ mil. of therms __ Hcsidential. ________________________________ .do ... _ Industrial and rommercial_ __________________ do ___ _

Rf''-'emtc from sa.1C's to constnners, total __ mil. of doL_ Resi(lt'ntial ___________________________________ do ___ _ Industrial and commerciaL .. _______________ do ___ _

2S, 722 26, 394 2, 293

20, 385 6, 611

12,630

1, 110.8 Gl2. f) 40:1. t) ---. ---- ----1

28,950 26,625

2, 289

27, 604 12,966 1-----------13,543 --------- --

'· 087. 1 1,093.1

559. 4 ---- ----~---------

28, Sl5 26, 557

2, 223

19,984 5,!i26

13,254

1,053. 8 M9.4 472. 4

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGES

Beer: ProductioJL .. ________________________ thous. of bbL _ Taxable withdrawals .... _____________________ .do __ __ Stocks, end of month .. ____________________ .... do .. __

Distilled spirits (total):

t), 834 \),()51

a 9, 005

Production ______________________ thous. of tax gaL_ or:L4, 188 Consumption, apparent, for heverage purpos('s

thous. of wine gnL. 25, 806 Taxable withdrawals ____________ thous. of tax gaL_ 10, 175 Stocks, end of month ________________________ do ____ ·•H54, 94fi linports ________________________ thous. of proof gaL_ 3, 280

Whisky: Production ______________________ thous. of tax gaL. Taxable withdrawals _______________________ .do. ___ Stocks, end of mOJltb ________________________ do __ __ Imports ..... __________ --------- thotJS. of proof gaL.

Hectified spirits and wines, production, tolald'

Hi. 343 5, 3-17

753, 073 2, 898

tl10tts. of proof gaL. "5, 778 Whisky __ --------------- _____________________ do____ ·I •. 53fJ

'Vines and distilling materials: Effervescent wines:

Production _____________________ tho us. of wine gaL_ Taxable withdrawals _______________ -------- .do __ __ Stocks, end of month _______________________ .do .... Imports. ___________________________________ .do. __ _

Still wines:

a268 389

a 1, 636 123

Production __________________________________ do ____ a '6, 151 Taxable withdrawals ________________________ do ____ "' 13,488 Stocks, end of Dilonth ________________________ do .... "'200,299 Imports. ____________________________________ do____ 94£\

Distilling mnterials produced at wineries ...... do .... a 13,354

DAIRY PRODUCTS

Butter, creamery: Production (factory)t ___________________ thous. of lb .. Stocks. cold storage, end of month _____________ do. ___ Price, wholesale, 92-score (1\ew Yorkl. .. dol. per lb ..

Cheese: Production (factory), totaJt ____________ thous. of lh __

American, whole milk t. _____________________ do __ __

Stocks, cold storap:e, end of month, totaL ______ <lo~---1 Arnrriran, whole milk~----------------------do ____ •

Imports _____ ---------- ________________________ do __ _ Pric<', wholesn.lr, Ameriean, singlC' daisies (Chie:wo)

dol. per lb._ Condensed and evaporated milk:

Production, case goods:t

107,237 69, ,95

,(\]3

99, 8ti7 li1, 971

~-\13, 189 749,042

n. ii48

. 384

Condensed (sweetened) _____________ tlwus. of lb__ -!,186 Evaporated (unsweetened) ________________ .. do .. __ 1:l8. fl05

Stocks, rnanufacturers', case goods, end of month: Condensed (swcetened) ______________ tlwus. of lb__ '4,840 Evaporated (unswectened) __________________ clo ____ 'lliO, 997

Exports: Condensed (sweetened). _____________________ do .... ! 2, 985 Evaporated (unsweetened) __ .. ____ -- __ -- .... do ....

1

19, 853 Pric<', manufacturrrs' aYen1{!:f' S(_)lliJJg:

Evaporated (unsweetened) .. ______ .. dol. per case.. li. 1.5 Fluid milk:

Production on farms ______________________ mil. of lh __ Utilization in manufactured dairy productst, _ _c]o __ __ Price, wholesale, U.S. average. _____ dol. per 100 lh ..

Dry milk:

9, :m 3, 527

4. 44

Production:t . I Dry whole nulk ______________________ tllous. of lb.. fi,815 Nonfat dry milk (human fond) ____________ .. do .. __ 126, 2fl3

R.tocks, manufacturers', end of month: Dry whole milk _____________________________ do.... 'tl. ~04 Nonfat dry milk (human foo<l) ______________ tlo .... '87; 513

Exports: Dry whole milk _____________________________ <lo.... I, 875 ~onfat dry milk (human food) ______________ do ..... 32,366

Prier, m:::mufactun)rs' avE>rage selling, nonfat dry I milk (lmman food) ____________________ dol. per lb _ _l .136

6, 353 5, 5t .. 1 9, 437

'21, 969

115,134 11, 043

81il, 884 l, 801

14,441 5. 901

759, 106 1, 568

'5, 145 3,939

224 197

1,645 37

2,384 'II, 351

'190, 055 522

'3, 119

116,300 63, 70H

. 588

100, 49.0 tl5, 6~0

2C9. 4<>9 23.5. 998

5,3~0

. 381

4, 220 143,500

3, 936 135,833

2, 691 5, 057

6.16

9, 754 3, 741

4. 34

8,300 138,250

6, 390 87,475

3, 961 12,524

.136

5, 894 5, 346 9, 631

20,431

t 15,328 11,545

866,203 I, 851

13 !!94 n: 311 7113, 704

I, 680

'6,146 5, 013

321 149

1, 797 43

2, 392 II, lf.9

'177 436 '522

I, 579

7, 702 6, 717

10, Hi!

22,076

I 18,674 12, 97~

'872, 729 2, 330

14, 4f8 (), f3.1

'7<JR, 3.53 2,054

r n,308 5, 040

381 189

1, 974 50

'3,015 13,334

'169, 432 703

2, 537

108, 190 121,395 64,033 (\3, :94

. 589 . 588

96, 570 116, 720 64, 155 78, 055

7(;(), 100 227, 830

4, 853

. 382

4,880 HO, 900

3, 791 92,420

3,127 2,083

6.17

9, 344 3. 527

4. 22

7, 400 132,450

6, ~03 SG, 4f\0

I, 577 6, 931

.131)

'257, ~71 220,0>'3

5, li49

. 382

5, 230 182,600

5, Ob7 83,814

2, 708 5,131

6.17

10,667 4,092

4. 06

8,150 157, 400

tl, o:·5 78, b07

I, 812 13.743

. 130

8, 679 7, 510

10,842

8, 672 9, 586 7, 969 8, 873

11,069 '11,316

9, 648 9,307

11,116

8, 689 8,602

10,698

23, 407 ' 21, 970 19,264

l 18,634 12, R17

'888, 779 2, 517

11, 235 15,624

1 17, 153 13,354

'878, 848 2, 548

15, 509 li, 311

r 7/4, ~'34 2, 280

'6, 382 5, 069

295 177

2, 069 56

2, 895 11,870

']57, 261 668

2, 531

126,845 82,278

. 588

128,225 90,750

783, 189 ~48, 74~

4, 879

.380

5, 310 208,200

4, 859 101\,198

3, K54 4, 3!)2

6.17

II, 171 4,372

3. 89

7, 750 178,200

G, 235 88, G3G

1, 779 19,885

.130

l 18, 175 13, ~72

884,492 2, 669

14,532 G, .199

779, :?45 2, 359

r (),805 5, 316

301 216

2,138 IJS

I, 766 10, 9Zl

149, 5G3 889

4, 474

143.390 104,138

. 5':37

153, 335 114,410

310,107 272, 211\

4, 2H8

. 380

.5, 725 272,400

5, 741 193,121

3. 486 4, 524

6.15

12,5115 5,108 3. 75

8, soo 211,200

G, 81\4 125, ~48

I, 535 53, 505

. 135

12 131 5: 9G7 782, 853

2, 236

'6, 445 4, 972

349 2G8

2,188 62

I, 601 11, 284

'138, 073 696

'2, 885

13.5, 605 138,224

. 588

150, 07o 112,310

347,725 307, 301

5,148

. 380

6,100 269,600

6, 444 288,979

2, 653 5, 983

6.16

l 17,259 12,909

884, 237 2, 377

6, 747 5, 720

781,225 2,112

5, 979 4, 703

305 H37

2,308 46

1,410 9, 671

12t,C29 552

2.185

112, 485 148,060

. 593

129,355 94,035

371,620 330,626

3, 906

. 380

6,160 235,200

5. 715 333,008

5, 002 17,063

6.15

12,152 '11,224 4, 913 4, 148 3. 70 3. 90

l 17,186 15,085

881,152 2, 750

7, 193 7, G76

777,675 2, 449

6, 755 5, 173

285 204

2,326 52

6, 243 10,406

117, 477 690

21,677

90,890 131,988

.609

113, 440 81,350

375,833 334,261

3,614

. 382

5, 430 216, 200

5, 6G6 375. 249

3.-0631 10,669

6.18

10,335 3, 504

4. 09

8, 900 7, 100 tl, 61)0 200,000 150, 400 117,500

7, 055 7, 490 7, 282 144, G15 132,496 114.533

2, 203 21,970

.135

2, 560 1, 393 35, I 051 29, 524

.136 .135

28,979 213,740

2, 204

15,618 2,332

12,434

73.5. 7 299.2 411. .5

8, 115 8,063

JO, 261

29, 214

'17, 408 !5, 2~~

819, (.)~ 3, 613

9, 854 i, 715

776,868 3,173

8, 377 6.646

229 275

2, 296 96

57,452 12,287

167,740 981

122,953

82, .155 93,012

. 637

103, liO 09.950

369,862 327, 126

6, 724

. 385

4, 925 184,800

6. 913 383,959

2.015 9, 259

6.18

9, ·113 3.168 4.36

i, 400 96, 200

4, (!16 98, 605

2, 798 30,972

. 136

7, 230 6, 977

10,086

5, 950 5, 970 9, 714

6. 609 6. 715 9. 091

39, 679 25, 994

19,440 '879, 538

3, 959

12,149 10,045

'775, 401 3,568

9, 909 8, 083

251 357

2,154 102

74,543 13,269

229,309 782

114,090

92, 105 67,286

. 633

97,930 61,585

349,461 308,105

4,167

. 388

4, 470 152,200

5, 412 325, 940

3,370 11,491

6. 25

9, 4f3 3, 246

4. 54

8, 800 99,300

5, 723 87,917

1, 276 27,786

.136

lfi,053 883,354

4, 010 ---3:535' 12,599 8,6f\l

775, 767 3,590 3,118 ---------

8, 224 6. 543

248 4:32

1, 949 108 140 ---------

12,702 13,731

226,273 912

2.5, 110 I, 128 ---------

91, 240 108, 105 46,690 '31, 0.\0

. 647 . 630

88, 720 100, 495 53, 465 59, R25

320,211\ '304. OR4 281,033 '2<-5, t\71

6, 576 8, 75:3

. 401 . 415

4. 370 124, 700

4. 270 279.028

3,17() 2, 834

6. 34

8, 826 3,070

4. 60

8,000 104,600

5, 343 85,504

2, 997 19,402

. 137

4, 480 136.200

5. 1118 225, 092

2. s.o:l 4, 444

6. 38

9, 374 3. 5()8 '4. 48

P, 700 136,800

6, 486 96. 567

2. o:;.; 5, 550

. 137

33, tl02 i\88

282, li2~ 24-5, 37tl

. 41.5

9, 8fi2

J' 4. 36

'He,·ised. v Preliminary. 1 Data for Alaska, included beginning January 1959, are as follows (thous. of wine gallons): January-Septcmber-30; 26; 32; 49; 45; 51; 40; 40; 50. 9 Totals im·lude data not shown separately. Revisions for 1st and 2d quarters of 1958 (back to 1952 for total sales and total revenue) are ayaiJable upon request. ci'Data beginning July 1959 <•xcludc production of wines and vermouth; for July 1958-Junc 1959, such prodnction tot·•lwl 43,600 "al. tHevisions for the indicated items and for the periods specified are available upon request as follows: Butter and chee'e (total and Arnerican)-January 1957-July 1958; condensed and ev<~p­

oruted milk-January-July 1958; dry wl>olc milk-Jamnry 1952-December 1955 and January-July 19.5S; nonfat dry milk-January 1954-July 1958; fluid milk used in manufactured dairy products--Janunry Hi5f-l-Au~rust 1959.

• Hevi"ions for l9.c8 (units as iudieatt'd): Heer-stoeks, September, 10,06G; total di~tilled spirits-production, July, 7,591i; August, 9,768; October. 39,889; stocks, July, 852,617; August, 84.'i,\l97; ~ovcmber, 844,412; trial rectified spirits, etc. (July-November), 5,928; 5,953; 6,871; 10,899; 8,8.51: e[fercescent wines-production, October, 203; November, 176: taxable withdrawals, September, 211: :'-iovcmber, 354; stocks, October, 1,987: Nowmber, 1,788; still wine8-production (Si'ptember-Novcmber), 47,2.08; 78,660: 15,184; taxable withdrawals, :'-iovembPr, 12.679; stocks (August-Odober '· 109,4H~: 11t,,t:-n: 209~41ii: 212,fi12: di8ti11ina maferiah~. production (S{~ptt>mbrr-~ovrmhC'r), 11.5,8.51: 1!)9,01R; 3.1,tl9I.

SURVEY OF CURRENT BUSINESS S-27

~nless otherwise stated, statistics through 1958 and ~~~- 1959 descriptive notes are shown in the 1959 edition of BUSINESS STATISTICS Decem- Janu- I Febru-1 J\Iarch I •\pril l May I June I July .._ her ary ary , ~ 1

1960

I \ngust I Septem-1 October I Novem-1 Decem- r;;;;;-· ' " ber her her ary

FOOD AND KINDRED PRODUCTS; TOBACCO-Continued

FRUITS AND VEGETABLES

Apples: Production (cropestimate) ............. thous. of bu .. IJ2G.610 ------------------2118,227 Shipments, carlot. ________________ .No. of carloads.. 2,494 2.136 1, 997 2. 225 2,249

7, 876 I. 545 3,893

893 1, 577

583 306

187 330 1, 516 '1, 526 '2, 283 1, 631 Stocks, cold storage, end of mcnth ..•.. thous. of bu. 37,547 27,955 20,912 14,244 ~ ~~ ~m ~5·~• ~~

Citrus fruits, carlot shipments .......• No. of carloads.. 9, 065 7, 809 7,016 8,285 8, 846 8, 592 7,037 6,037 .o, 203 4, 241 3, 539 • 4, 603 • 9, 420 7, 370 Frozen fruits, juices, and vegetables:

Stocks, cold storage, end of month: Fruits ___________________ -------------thous. of lb.. 493,172 Fruit juices and purees ______________________ do .... 222,711 Yegetables. __ ... _______ ---------------------do.... 846.853

458, 198 404, 3.54 361, 374 305, 726 286. 046 362, 245 498,221 533, 934 52!, 708 297,741 396,238 418,899 487.091 595,481 G33, 096 573,275 517,051 44tl, 617

761, 248 687, 121 647. 899 637. 920 593. 334 ~~3: ~2~ __ 7~~: 59~_ 8~

71:. 7

14

2-~

4'_ I 92

9

5 .• -o

4

a

9

o

9

_

512,461 498,016 •464, 698 432,424 401, 760 356, 983 • 3f>O, 09! 487, 849 930, 662 906, 970 '842, 288 762, 21\0

Potatoes, white: Production (crop estimate) ............ thous. of cwL. 1265. 729 --------- --------- 2242,998 Shipments, car!ot_ __________________ No. of carloads.. 12,271 "i5;333 14,383 17,297 ""i7;i55 16,437 16,426 8,938 10,223 • ll, 279 ' 12, 769 14,589 Price, wholesale, U.S. No.1 (New York)

dol. per 100 lb.. 2. 888 2. 925 3.130 2. 783 4.219 5. 000 .). 450 4.090 3. 635 3. !50 3. 400 ' 4. 063 p 3. 803

GRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats, rye, wheat) .. thous. of btL t\9, 439 73, 190 58,932 64, 140 62,830 72, 163 70,769 82,792 65,228 63,717 59,339 63,992 71, f.64

Barley: Production (crop estirnate) .................... do. ___ "475.196 Receipts, 4 principalmarkets .................. do.... 13,606 Storks, don,estic, end of month:

CommerciaL ________ -----------------------do.... 46,918 On farms .... ____ .... _. __ .------------- ...... do.__ '228, 909

Exports, including malt§ ______________________ do.... 12,912 Prices, wholesale (Minneapolis):

No.2, malting ________________________ do!. per bu.. 1.190 ::\o. 3, straighL-----------------------------do____ 1.163

Corn:

--------- --------· --------- --------- ------·-- --------------------------- ---------------------------2420,1£1 14,238 12,378 12, 673 12, 585 11,430 13, 731 21, 156 32,227 18. 110

47, 149 47, 639 43, 524 39,222 --------· '153,825

11, 492 5, 994 7, 715 6, 918

1.169 1.139

1. 214 1.175

1.180 1.139

1.228 1.183

35,645 35, 140 34,988 39,474 40, 896 •365,315 --------- --------- '266,882

4,474 12,077 14,368 14,782 11,821

1. 235 1.197

1. 207 1.155

1.165 1.160

1.167 1.120

1. 174 1.094

14,977 14, 710 11,379

38,014 35, 738 • 37, 505 198,429

12, 573 8, 337 7' 879

1,172 1.108

1.174 1.112

1.159 1. 08.)

Production (crop estimate) _______________ mil. of bu .. '13,801 --------· --------- --------- --------- ---------. ------- --------- --------- -------·- ·-------- 24,361 Grindings, wet process _________________ thous. of bu_ Receipts, interior primary markets ............. do .. .

11, 539 4 11, 742 4 11, 759 4]2, 547 412, 751 '12, 724 '13, 545 412,685 413, 863 413, 575 4 14, 107 4 11, 901 •. q 1,812 29, noo zs, 388 33, 160 36,102 42, 520 28,388 34,102 24,226 21,592 JS, 452 26,839 55,612 • 31,974

Stocks, domestic, end of month: CommericaL .. ----------------------------- .do____ 100,026 On farms _______________________________ mil. of btL. •2, 697.0

Exports, including meal and flour ...... thous. of bu.. 19,277 l'riees. wholesale:

::\o. 3, yellow (Chicago) ............... dol. per bu. 1.167 "'eigbted average, 5 markets, all grades ...... do ... 1 1. 096

Uats: II I 1, 416 Pro<luct.ion (crop estimate) ............... mil. of bu. Receipts, interior primary markets. ___ tho us. of bu. I 7, 381

" 1 c~~~i1~~r~:~~~~·-~~1~~!-~~~:~~---------------do ... l 25,672 On farms -----------------------------------do ... •948, 149

Exports, inrluding oatmeaL .................. do ...

1

, 3, 122 Price, wnolesale, No.3, white (Chicago) .. dol. per bu.. . 698

Rke: Production (crop estimate) ____ ..... thous. of bags<;>. California:

Receipts, domestic, rough ____________ thous. of lb .. Shipments from mills, milled rice ____________ do .... Stocks, rough and cleaned (eleanetl basis), end

of month. __________________________ thous. of!b .. :-'outhern States (Ark., La., Tenn., Tex.):

Receiptf:, rough, at mill::-: ___________________ do .... ~hipments fron1 n1il1s, rnilled rice ___________ do ___ . Stocks, domestic, rough and cleaned (cleaned

basis), end of month .................. mil. of lb .. ExportR. __________________ .... _. _____ . _ t110us. of lb .. Priee, wholesale, head, dean (N.O.) ... dol. per n,_

Hy~: Produ<:tion (erop estimate) ___________ .thous. of btL-Receipts, interior primary nwrkets ____________ do ___ _ Stocks, comnlercial, domestic, end of rnontb. _.do ___ _ Price, wholesale, No.2 (J\linneapolis) .. dol. per bu ..

Wheat: J'roduction (crop e.'Stimflte), totaL ________ mil. of hu __

Spring wheat. ________ .----------------- _____ do ___ . "'inter whcnt. ___________________________ ... do .. __

neeeipts, interior primary markets _____ thous. of bu. Disappearanee (quarterly total) ............... do ... . ;':toeks, end of month:

Canada (Canadian wheat) __________________ do ....

I 44, 381

92,062 54,010

74, 871

19U,8fl4 113,685

1,182.3 55,606

. 093

I 32,18G 420

4,973 1. 230

11,401.7 1282.4

1], 179.3 2\l, 394

322,912

379, 21l9

l'nited f'tates, domestle, totalci' .... ___ mil. of bu.. 1. 820. 5 Commercial (at terminal cities), __ . tho us. of bu.. 422,047 Interior mills. (incL merchant), elevators., and

warehouses .. ------------ ____ . ___ tho us. of bu.. 854, 30.J On farms ...... ____________ ......... __ . ___ .do .... • 456, 877

E worts, total, including flom .... ------------.do .. '"I Wheat only _____ . ___ ._ ...................... do ... .

Prices, wholesale: I ::o-;·o. 1, dark northern spring (Minneapolis)

dol. per bu.-~ ~o. 2, hard winter (Kansas City) ________ ... tlo ___ _ ~p. 2, reel Winter (St. Loms). ___________ .... do ____ I '\ el~bted avg., 6 markets, ail grades ________ .do ....

34,038 28, 744

2. 235 1.984 I. 948 2.208

97,973 105,231 109, 792 120, 285 121, 421 116, 813 ------------------- •1,817.9 ------------------ '1,117.5

16,444 16,721 13,597 16,679 21,452 19,737

1.171 1.098

1.179 1.101

1. 207 1.180

23,013 22, 183 20, 154 ------------------ •584,877

4, 040 3, 328 2, 218 . 699 . 676 . 676

1. 283 1.218

19,659

2,200 . 700

1. 290 1.225

1. 289 1. 246

17,298 14,365 "298,427

2, 345 4, 412 . 694 . 700

104,622

22,339

1.265 1.222

101,876

15,094

1.272 1.203

102,718 '3331.3

15,835

1.163 1. 116

21, 754 29,246 31, OM --------- --------- •898,338

9, 330 4, 845 2, 495 . 701 . 704 . G86

107,094

12,902

1.097 1. 071

26,084

4,202 . 740

124, 633 •136, 123 3, 094.4

23,410 26,005

1.100 1. 044

19,028

5,546 . 792

1.091i 1. 025

r 17,824 699,390

1, 241 . 796

133, 123 \10, 282 115, 677 110,076 96,452 93,618 127, 557 48, 000 29, 510 185, 610 78, 034

2 53,122

84,303 56,289 ~~ ~~ ~m ~m ~~ ~~ 74, 501 42,687 37, 521 75,389 46,481

93, 683 5F., 408 53, 447 51, 417 57, 281 53,396 55, 578 45,664 26. 875 • 72,678 77, 295 75,423

110,022 135, 098 68, 40.5 1!8, 036 29, 009 36, 041 61,418 3'!, 322 250,976 1,168,f>07 1,144,978 288.156 140.284 150,912 219, 8o7 237,604 204, 498 131,856 141,994 119,870 170,()07 156.838 209,588

1, 137. 1 69,613

. 094

1,042 4, 271 1. 274

I, 038.0 55, 341

. 093

830 3, 680 1. 289

867.0 131, 3fi8

. 091

I, 001 3,374 1. 311

723.8 Ill. 533

. 089

5-57 3,122 I. 303

31' 988 30, 387 37, 079 20, 453 --------- '282, 147

380, 133 375. 434 374, 184 376. 435

'1 5-11 2 429, 989 433, 776 4t9, 579 432, 427

-------- -------- 761,126 --------- --------- •28:.l,•l20

40, 9ll 35, 427

2.205 1. 998 2.037 2.187 '

31,727 28,410

2. 227 2.028 2.041 2.162

40.391 36,851

2. 211 2. 067 2.018 2.195

30,968 31,521

2.215 2.o9o 1

U8i i

617. 1 137.551

. 089

1,042 2,093 1. 250

488.9 175,264

.093

592.2 142, 2(\8

.091

594 2, 524 2, 820 4, U79 l. 260 l. 242

365.8 204,780

. 089

891. I 90.401

. (181

4, OJ 7 1. 441 7, 613 8, 702 1. 201 1. 256

31,988 51,078 - .. ------1' 204, 180

86,660 40, 170 --------- --------- •274.047

51,258

3.)9. !'>.)8 I 3G8, 623

-4iii; 7()61!; ;~~~1'7~ 406, 382 398, 930 :)81, 03\

53(1, 068 --------- r2, 133. t) 556,360 521;,117

·-------- 3(191, 241 ----~---- r3Il4,937

-------- --------- 1,074,638

43,607 36,826

2.282 2.030 1. 885 2.212.

--------- --------· •455,2.)7

34, 4081 36, 322 26. 762 33, 439

2. 310 I 2. 295 I. 916 I. 936 I. 773 I. 801 2 122 2 087 '

29, 917 33, 0991 25, 634 27, 627

2.241 1.9931 1. 867 2. 248

2. 243 2.013 ]. 881 2. 246 !

1, 401.0 202.703

. 081

>'21 8, 836 1. 264

1,363. 7 ll3, 241

. 081

I, 177 7, 535 1.253

165,228

1,274.3 96,800 •.082

2 21,495 588

r 7, 792 1. 214

--------- 2 1.128. 2 .. --------- 2 204.7

2 923.4 25, 251 25, 076 18, 773

259. 149

369, 722 3Co9, 701 382, 691

540,605

29,400 25. 527

2. 293 2. 048 1. 8c.8 2. 281

I, 87G. 4 522, 2431•485, 656

--------- 988,028 --------- 331,742

' 26, 261 35, 197 21, 818 26, 940

2.299 2.058 2.048 2. 280

2. 246 2.081 I. 998 2. 241

15,785

37,253

!. 170 1.114

21,916

129,388

1.144 1.043

.5,892

16,029

. 780

111.624 51, G71

287 6,424 1.213

2a,l01

502, 137

2. 245 2,072 (')

2. 237

•Revised. P Preliminnry. I Revised estimate of 1958 crop. 2 :Cecember 1 estimate of 19,)9 crop . . 'Old crop onlr; new grain not reported U?til be~inning of new crop year (July fer barley, oats, and wheat; October for eot:n). .'Data beginning Janua1·y 19.19 <ll'e on Rt.and,ird 17-percent

""'"ture basts; pnor thereto, on basts of varymg mmoture content (from 12 to 2.) percent). January 19.19 figure comparable mth earher data is ll.SS.o,OOO husltels. 'No quotation. $F:xrlu<les a small amount of pearl barley. '<Bags of 100 lb. ci'Tlte total includes wheat owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not i11elwlet! in the breakdown of stocks. ~D<tta fnr :\I areh, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller cO\'enJge of the quarterly reports,

S-28 SURVEY OF CURRENT BUSH\ESS February l!ll}fl

1959

1

1960

I August I Septem-1 October 'I Nowm-1 Decem- Jamt-, ber ber ber arv

l .

Unless otherwise stated, statistics through 1958 and ~~~ descriptiv~ notes are shown in the 1959 edition of I Decem- Janu- I Febru-1 I . I I BUSINESS STATISTICS I her l11'Y ary :\larch .\pnl May June

' l I July

FOOD AND KINDRED PRODUCTS; TOBACCO-Continued

GRAIN AND GRAIN PRODUCTS- Continued

Wheat flour: Production:

Flour_ ___________________ thous. of saek ·s (lOll lb.\ __ Operations, percent of capacity _____ __ -------------OffaL __ ---------------------- thous. of .short tons __

Grindings of wheat.---------------- ___ tl wu~. of hu __ Stocks held by mills, end of quarter

thous. of sack s (100 lb.) __ Exports_------------------------ ______ __ ______ do ____ Prices, wholesale:

k (lOll lb.) __ Spring, short patents (Minneapolis)

dol. per sac Winter, hard, short patents (Kansas C ity) __ do ____

LIVESTOCK Cattle and calves:

Slaughter (federally inspected): Calves __________________________ thous. Cattle ________________________________ _

or aninutls __ ______ do ____

Receipts, principal markets ____________ _ Shipments, feeder, to 9 com-belt States __ Prices, wholesale:

______ do ____ ______ do ____

Beef steers (Chicago) ______________ dol Steers, stocker and feeder (Kansas Cit) Calves, vealers (Chicago) _____________ _

. per 100 lb __ -) _____ do ____

Hogs: ______ do ____

Slaughter (federally inspectcd) ____ thous. of animals __ Receipts, principal markets ____________ __ ______ do ____ Prices:

) Wholesale, average, all grades (Chicago dol . per 100 lb._

Hog-com price ratio bu. of corn equal in value to 100 lb.

Sheep and lambs: ofliye hog __

Slaughter (federally inspected) .... thous. Receipts, principal markets ____________ _ Shipments, feeder, to 9 com-belt States __ Prices, wholesale:

of animals __ ______ do ____ ______ do ____

Lambs, average (Chicago) _________ dol Lambs, feeder, good and choice (Omah

. per 100 lb __ a) .... do ____

MEATS Total meats:

Production (carcass weight, leaf lard out slaughter __________ ------ ____________ _

) , inspected .. mil. oflb __

Stocks (excluding lard), cold storage, en d of month

Exports (including lard) ________________ _ Imports (excluding lard) ___ -------------

Beef and veal: Production, inspected slaughter ________ _

mil. of lb .. ______ do ____ ______ do ____ l ______ do ____

Stocks, cold storage, end of month ____ __ thous. of lb __ Exports _______________________________ _ Imports _________________________ --- ____ _ Price, wholesale, beef, fresh, steer carcftf:

(600-700 lbs.) (New York) __________ __ Lamb and mutton:

_______ do ____ ______ do ____ sses, choice

.dol. per lb __

Production, inspected slaughter ______ __ Stocks, cold storage, end of month ______ _

Pork (including lard), production, inspect

thous. of lb __ ______ do ____

ed slaughter

Pork (excluding lard): mil. of lb __

Production, inspected slaughter. ______ _ thous. oflb __ Stocks, cold storage, end of month ____ __ Exports. _____________ - __ ---------------Imports _______________________________ _ PriCC'S, wholesale:

_______ do ____ _______ do ____ _______ do ____

Hams, smoked, composite __________ __ Fresh loins, 8-12lb. average (New Yor

Lard:

.dol. per lb __ k) ____ do ____

Production, inspected slaughter ______ __ Stocks, dry and cold storage, end of mon Exports. __ ------------- _______________ _ Price, "'holesale, refined (Chicago) ____ _

thous. of lb .. th .... do ____

_______ do ____ .dol. per lb __

POULTRY AND EGGS Poultry:

Slaughter (commercial production) ____ _ Stocks, cold storage (frozen), end of mon

.. mil. oflb __ th

Turkeys _____________________________ _ Price, in Georgia producing area, live br

thous. of lb __ _______ do ____ oilers

Eggs: dol. per lb __

Production on farms _________________ mi Stocks, cold storage, end of month:

SheiL __ --------------------------- tho Frozen ______________________________ _ Price, wholesale, extras, large (delivered

I. of cases 11 __

us. of cases __ thous. of lb __ ; Chicago) dol. per doz ..

MISCELLANEOUS FOOD PROD UCTS

Cocoa (cacao) beans: .. long tons __ .dol. per lb ..

Imports (incl. shells) __________________ __ Price, wholesale, Accra (New York) ___ __

21,072 87.0 390

47. 950

4, 349 2.302

5. 580 5.125

474 I, 437 1, 793

352

27.01 25.81 32.50

5, 814 3, 015

17.42

17.2

1, 061 937 121

19.75 20.88

2,048

462 49 85

919.7 189, 655

2.619 43, 764

. 462

51,927 9,189

I, 076.2

800,301 206, 414

4, 831 18,918

. 571

. 478

201,269 '92, 763

26.129 .128

521

346,603 162. 055

. 141

14.6

53 57,082

.365

41,190 . 410

I I

21,584 18,861 20.595 19,454 20.272 93.3 85.6 84.8 80.0 87.4 400 351 382 360 37.>

48,959 42. 884 46, 720 44, 113 45.953

--------- --------- 4, 519 --------- ---------2, 384 1, 442 1. 539 2, 368 2. 948

15.430 1 5. 450 I 5. 450 I 5. 420 I 5.630 14.850 15.025 1 4. 975 15.005 I 5.185

424 377 423 406 358 I, 441 I, 219 1, 334 1, 433 1, 412 I, 751 I, 416 1, 753 I, 759 I, 633

386 291 344 477 349

27.81 27.44 28.22 29.32 28.82 26.10 25.97 27.78 28.63 28.69

2 36.50 2 36.00 '33.00 '35. 00 '35. 00

5, 885 5, 686 5, 733 5,652 4. 970 2, 993 2, 751 2, 900 2, 899 2 .. 551

16.25 15.32 15.72 15.77 15.59

16.1 14.8 14.5 13.8 13.5

I, 322 1, 080 I, 143 1, 101 I, 017 1, 128 875 I, 009 1, 005 962

163 !53 120 156 192

18.62 18.62 21.25 21.50 24.75 19.75 19.71 19.55 19.88 20.28

2. 084 I. 862 1, 950 2. 013 I, 890

499 582 602 660 647 68 78 66 63 73 80 66 64 94 84

929.7 783. 1 85.5. 4 912.3 898.2 189, 467 186,850 184, 641 184. 291 184, 571

I, 919 1, 470 I, 850 2. 039 2, 283 42, 574 38, 945 28,767 52, 579 43,688

. 481 . 482 . 485 . 494 . 491

66,846 55, 104 57,520 54.888 48, 144 10, 118 11, 053 10, 991 13, 478 15, 730

I, 087.0 I, 023. 5 1, 036.6 I. 046.2 944.0

812.884 771,769 775, 119 781, 917 698,326 240, 489 319, 951 337, 120 380,997 365,360

4, 976 7, 500 4, 824 4, 431 5, 709 18,404 12,900 16,538 18,829 15,689

. 539 . 500 . 506 . 496 .496

. 480 .430 . 422 . 453 . 463

200,784 183,679 191,489 193,530 179, 111 109, 100 117,900 132,200 146,900 158,200 42, 149 56,521 41,910 41,248 45,163

.124 .121 .120 .123 .120

402 346 393 432 497

331,835 293,562 250,298 215,310 199,037 160,476 140,510 112,252 86,699 67,688

.175 .165 .170 .155 . 152

14.9 14.1 16.5 16.1. 15.9

57 52 107 532 I, 004 47,085 45,701 55,015 85, 119 119,273

.356 .343 .315 . 263 . 245

22,271 15,357 19,202 20,215 20,885 .368 . 358 . 378 . 368 . 378

i I I I I I I I

l

'

20,187 19.944 20.514 21,371 82.7 78. 1 88.1 91. .5 376 374 390 409

46.056 45. 445 46,869 48,945

4, 389 ------- --------- 4, 757 3, 324 I, 253 1, 862 2, 379

I 5.690 15.730 1 5. 550 15.500 14.975 1 5.065 1 5.070 1 5.100

366 382 359 415 1, 473 1, 557 1, 450 1. 539 1, 793 1,699 1, 855 2,197

295 329 444 862

28. 15 27.61 27.36 27.48 27.24 26.47 25.96 25.38

'30. 50 2 28.50 '30.00 2 29.50

4, 902 5,184 . 4, 977 5, 767 2. 685 2,623 2. 539 2. 881

14.94 13.02 13.56 13.20

12.9 11.8 12.4 . 12.3

1. 056 1,107 1,010 I 1,177 936 912 1, 061 I. 474 168 220 431 560

25.25 22.50 22.00 20.62 20.62 19.46 19.50 19.08

1, 916 1, 991 I, 840 2,038

582 513 432 408 72 87 75 94

101 87 88 108

926.9 975.7 902.7 962.3 177, 562 172,748 170,816 178. 60ll

1, 759 2, 124 2,190 2, 729 56. 785 58,401 70.218 88,618

. 480 .469 . 461 . 473

48,010 50,008 45,719 54,344 16, 614 17.374 14,605 13. 736

941.3 965.4 892.0 1,021.6

701,039 713,515 670,330 773,253 313, 141 248,352 183,745 163, 447

4, 801 5, 788 6, 82,5 6, 546 15, 705 15,678 11, 885 12, 101

.490 . 464 . 450 .454

.496 . 457 . 446 . 480

175,734 183,991 161,921 181,780 147,800 135,600 100,300 93,000 46,840 58, 365 39,535 57,279

.120 .113 . 108 .118

482 475 545 600

196,847 196,438 226,474 277,086 64,816 66,885 87,115 133. 501

.150 .150 .14.5 .148

14.3 13.7 13.1 12.6

I, 054 888 739 554 149, 175 152, 105 149,086 134.786

. 275 . 291 .312 . 407

18,668 12,593 12,710 18,614 . 381 . 358 .370 . 383 I

22.412 21.670 91.6 97. 5 426 40\l

51,150 49,505

--------- ------ --I, 684 1, 932

15.540 15.560 15.165 15.165

471 438 I, 586 I, 462 2,401 2, 243 1, 143 1,016

27.06 26.31 24.41 23.34

2 29.00 2 29.50

6,646 6, 337 3,216 3, 299

12.60 12.19

12.7 12.4

I, 200 1,070 I, 527 1,089

532 250

19.75 18.50 18.80 18.13

2, 238 2,128

421 477 102 109 66 54

991.5 913.4 170,689 186, 134

3,379 3,117 48,452 37,805

. 461 .454

55,886 50,800 12,300 12,624

I, 190.2 l,!G3. 4

902,803 876,741 184,825 223,830

6, 896 7, 979 11,858 11,875

.439 . 450

.460 . 411

210,031 '208, 587 80,400 92,100 67,845 70,722

.114 .115

699 604

384,611 352,826 220,370 183,329

.142 .140

13.3 13.2

469 297 !19, 355 96,175

.342 .307

8,048 14,388 . 358 .330

I I I

21, fi30 s~. 4 413

49. 527

4, 847 3, 721

p15.460 p 1 5. 150

456 I, 552 I, 815

544

25.26 22.51

'30. 00

6, 968 5,462

11.19

11. 7

1, 182 1,002

141

17. 75 17.10

2, 322

r 544 68 81

986.0 '212, 069

2,560 59,387

. 449

57, 552 r 14, /94

1. 278.9

954, 721 '264, 280

4, Gt\8 13.484

P, 4.\0 . 375

238,203 123, 700 36,585

P, 108

456

•316, 686 '149, 176

.175

14.3

'188 '78, 678

. 289

32.8'>-1 .309

--

----

----

----

--

--

413 1, 564

26.10 23.31

6, 517

12.08

12.4

1, 231i

19.50 17. ill

596

205. 14~

13. 98~

301,860 143, 20:?

.16:?

14.,<

304 7.5. 473

'Revised. • Preliminary. 'Beginning January 1959, quotations are for 100 pounds of flour in bulk rather than in sacks as formerly. January 1959 prices comparable with earlier data: $5.710 per 100-pound sack for spring wheat fiour (Minneapolis) and $5.100 for winter (Kansas Gity). 'Beginning January 1959. data reflect prices at ~ational Stockyards. Ill.; not com. parable with data through December 1958 (.Tanuar,· 1959 price at Chicago, $33.00). ? Cases of 30 dozen,

February 1960 SURVEY OF CURRENT BUSINESS S-29

Unless otherwise stated, statistics through 1958 and ~~~ 1959 descriptive notes are shown in the 1959 edition of Decein· Janu- I Febru~ I I . I I I BUSINESS STATISTICS 1 ber ary ary ::'>!arch Apnl May June July

I I 1

1960

I "'ugust I Septem-1 October I Novem-1 Decem- . Janu-- ber ber bcr ary

FOOD AND KINDRED PRODUCTS; TOBACCO-Continued

MISCELLANEOUS FOOD PRODUCTS-Con.

Coffee (green): Inventorit>s (roasters', importers', dealers'), end of

quarter ____ ------- ______________ .tho us. of bagscl' __ Roastings (green weight), quarterly totaL ..... do .... Imports. ______ --------------------- __________ .do. __ .

From Brazil --------------------------------do .... Price, wholesale, Santos, No.4 (New York)

dol. per lb .. ~onfectionery, manufacturers' sales _____ thous. of doL.

Fish: Stocks, cold storage, end of month ______ thous. of lb ..

Sugar: Cuban stocks, raw, end of month

thous. of Spanish tons .. United States:

Deliveries and supply (raw basis): Production and receipts:

Production. ______________________ .short tons_. Entries from off-shore, tota19 ___ --------do .. __

llawaii and Puerto Rico _______________ do ___ _

2,114 5, 570 2,030

877

. 423 105,000

214. 516

'531

588,06\\ 184, 44.5 68. 761

Deliveries, totaL _______________________ .do .. __ 849.564 For <lomestic consumption ____________ do .. __ --------· For export. __________________ .--- .. -.. do .. __ .. ------ _

Stoeks, raw and refined, end of month tho us. of short tons__ 1. 873

Exports ____________ ------------ _______ .short tons__ 468 Imports:

Raw sugar, totalq _------ _________________ do .. __ From Cuha _________ . ____ ----- __________ do_. __ From Philippine Islands ________________ do ___ _

Refined sugar, totaL ______________________ do ___ _ From Cuha ______________________________ do. __ _

Prices (New York): Raw, wholesale ______________________ dol. per lb __ Refined:

Retail§ __________________________ dol. per 5lb __ Wholesale (excl. excise tax) ________ dol. per lb __

Tea, imports __ --------------------------- thous. of lb ..

Baking or frying fats (Incl. shortening) :• Production _______________________________ mil. of lb .. Stocks (producers' and warehouse), end of month

mil. oflb __ Salad or cooking oils:•

Production ______________ - __ -------------- ..... do.--_ Stocks (producers' and warehouse), end of month

mil. of lb .. ~Iargarine:

Production __ ---------- _____________________ . __ do .. __ Stocke (produe~rs' and warehouse), end of month

mil. oflb .. Prict', wholesale (colored; delivered; eastern U.S.)

dol. per IlL

FATS, OILS, AND RELATED PRODUCTS

Anima I and fish fats:C; Tallow, edible:

291,391 222. 777

2, 96.5

3,047 1.050

.065

. 553

.086 11,121

173. 1

131.7

153. 5

55.6

'148. 9

'38. 3

. 262

Production (quantities rendered) _______ mil. of lb.. • 27. 2 Consumption (factory), ____________________ .do .... , 1 19.7 Stocks (factory and warehouse), end of month

do.... I 33.1 Tallow and vrease (except wool), inediblc:t

Production (quantities rendered) _____ .. ___ .. do. __ . ' 223. 6 Consumption (factory), _____________________ do ____ '157. 2 Stocks (factory and warehouse), end of month

do.... '296. o Fish and marine mammal oils:+

Production ---------------------------------do____ '14.3 Consnmption (factory)(') __________________ do... '10. 9 Stoeks (factory and warehouse), end of month0

mil. of lh. _ ' 142. 3 Vegetal>~<' oils and related products:

Ycgptahle oils (total crude and refined): Exports.. _________________________ ._----- ____ do. __ .

Imports ... -----------------·-------------- __ .do ___ _ Coconut oil:

Production: Crude .. _ ----------------------------------do. __ _ Refined (J) _________________________________ do. __ _

Consumption in end prodncts _______________ do ___ _ Stocks, crude and refine<;\ (factory and warP house),

109.7 43.6

30.4 29.2

I 39.3

end of month _________________________ mil. of! b.. I 63.5 Imports ___ --------------------------------- .do.... 1.1. 6

C'orn oil:* Production:

Crude. __ ------------------------------ ____ do ___ _ H efined(J) ____________________________ ._._.do ___ . Consumption in end products _______________ do ___ _

22.9 20.4

I 17.8

1, 588 2. 279

2, 410 5,829 2, 252 1, 119

I, 781 1, 840

2, 278 4, 987 1, 508 I, 253 2, 159

3,125 5, 204 3,044 1, 615

I,473 1,621 514 959 725 827 614 469 1. 275 738 601

. 415 . 410 . 378 . 378 . 376 . 365 72,139

. 378 . 365 . 360 .353 '.373 108. 520 104, 287 96,18.5 88. 4I5 74,019 66, 868 73, 303 !3I, 666 I27, 496 I22, 509

187, 786 153, 778 141,027 142, 584 161,252 176, 594 200,907 230,052 240,248 237, 586 '242, 728

667

186,671 593, 251 77,556

572, 154 565.056

7, 098

I. 916 519

292.962 186,624 54, 467

31,364 23,049

.062

. 553

.086 8, 498

187.3

113.3

140.9

60.5

149.4

34.0

. 262

29.11 23.6

31.3

240.0 148, 6

294,2

.6 7.0

110.2

130.4 37,0

35.1 31.2 42.1

.)9.1 14. 5

21.7 22.2 17.0

I, 452 2, 776 4,106

73, 925 42, 367 45, 312 438,836 596, 387 6I2, 75I I41,I54 152,535 171,633

547,786 542.834

4, 952

1, YI2 492

717, 767 712,198

5, 569

I. 828 507

733, 510 723, 503 10,007

1. 755 981

4, 391 4,076 3, 350 2,821 I, 962

44,259 47,436 '27, 788 79,589 132,639 627,591 637. 787 736, 911 i14, 619 618, 316 807, 704 275, 623 136,094 240, 470 197, 555 181,940 243,097 159,200

975. 454 781, 190 968, 782 774, 670

6, 672 6, 520

I, 463 371

1. 469 548

897,874 886,772 ll. 102

1 282 '620

919,941 1,006,135 658,754 909, 2.35 992, 427 652, 252

10, 706 13, 708 6, 502

I, 078 399

954 336

1, 247 684

297,859 387, 484 383, 16.5 416. 193 404,287 425, 156 414,243 169,797 250,080 313,744 327, 645 307,760 309.828 278, 112 70,835 111, 170 69,399 88, 495 96, 525 115,329 125, 158

440, 431 284,275 130,500

100,871 119,022 67,463

45, 686 37, 552

.060

. 539

. 085 8. 635

198.0

119.3

137.7

74.0

149.0

38.4

. 262

30.5 28.9

31.1

229.6 14:l.1

299.4

.1 5. 4

133.7

42,0 37.7

28.9 27.7 43.2

47.3 8. 9

22.8 21.8 21.9

50,361 42,586

. 058

. 552

. 085 9.057

197.0

123.4

157.3

68.1

132.1

41.5

. 250

25.3 2.1. 5

29.8

221.6 1.19. 2

297.2

.3 6.2

117.6

71.7 50.0

28.9 26.1 42.8

47.2 17.4

25.5 25.1 26.0

55, 477 44. 502

.057

. 551

.083 10. 949

189.4

I36. 4

I58. 5

66.6

123.6

43.2

.250

26,2 23.1

29,6

236 .. 5 lllO. 9

299.5

3, I 6.3

103.4

177.2 50.7

38.4 36.0 50.1

47.8 22.9

25.0 26.2 28.0

61,197 .51, 487

. 063

. 549

. 083 10.071

185.9

140.7

164.3

58.5

115. 7

36.3

. 243

2H. 7 25. I

30.3

23fi. 6 148.0

310.8

18.5 6. 9

117.2

186.4 50.4

36.5 36.4 51.5

44.8 21.3

25.4 28.0 24.9

77, 860 68,113

. 063

. 553

.086 8,983

183.5

142.5

186.0

51.6

122.7

33.5

. 250

25.3 24.2

28.5

226.8 !50. 6

316.6

36.1 6.8

125.9

91.6 44.0

41.4 35.4 51.0

39.9 1.5.1

26.9 25.3 26.7

99, 534 88,733

. 063

. 554

.086 9, 696

147.2

116.7

155.2

48.7

115.7

33.9

. 253

25.9 21.0

28.2

240.0 119.1

332.5

34.0 6.8

129.7

234.1 49. I

34.0 29.1 39.5

49.0 17.8

24.4 27.1 26.7

23,212 5,099

.063

. 550

. 086 8,228

186.8

114.6

147.6

40.3

118.9

34.3

. 253

27.0 26.8

23.9

235.5 145.3

322.8

32.4 6.0

125. 6

169. () 39.1

42.4 34.3 53.6

44.6 14.1

26. 7 27.8 29.4

16,203 4, 839

. 065

. 556

. 086 7, 264

1~6. 9

lOti. I

128.8

!0. 9

130.9

30.2

. 253

22.6 20.8

21. .5

240.6 153. 2

327.0

17.5 6.0

136.2

164.6 47.9

3R.1 30.8 46.4

43.7 17.1

25.8 28.1 29.8

I3, 830 9, 085

.066

. 557

. 088 9,130

200.0

111.0

120.3

41.7

146.1

32.6

. 253

23.2 22.0

19. 2

268.2 153.3

333. I

15.6 6.1

130.9

108.4 44.2

43.9 31.0 47.3

51.1 17.7

27.3 23.6 20.8

1, 780

846,769 251, 474 155, 091

617,143 612.327

4. 814

l.Gll 490

157,050 115, 442

3,360

7,921 1, 240

. 064

. 549

. 088 8, 131

201.9

110.9

124.4

47.0

143.5

30.4

. 238

27.0 23.4

19.2

253.1 137.0

326.6

'8. 5 '9. 5

'147. 2

117.2 42.1

44.3 29.4

'47. 7

67.0 20.6

'25. 0 27.2 25.2

3. 26fl 5. 678 2.369

110

3tll 112, 724

.366

1, 477 ---------

142.610 78. 107

71:l

238. 722 177.891

9. 520

4. 499 I, 530

P. 062

. 54~) P. 088

11.043

185.9

116.0

130. 1

54. I

163.8

34.0

P. 238

25.4 18.2

23.2

2G4. 4 140.2

:!33. I

2. 3 10.4

131. g

87.3 44.3

34.7 28.4 49.2

61.4 9. 7

26.3 25.3 29.1

Stocks, erude and refined (factory and warehouse), en<lofmonth _________________________ mil.oflh.. 130.6 30.7 29.2 27.9 31.2 30.5 30.8 29.6 26.9 23.6 31.0 '30.0 27.0

'ReYiscd. v Preliminary. 1 Beginning December I958 includes amounts for hydrogenated fats (vegetable and animal) and other fats and oils "in process"; strictly comparable' data for earlier months not available.

ci'Bags of 132.276 lb. !;'Includes data not sbown separately. §Price for New York and northeastern New Jersey. •:-Jew ser!e.s; comparable data prior to December I958 not available, except for corn oil which may be obtained from Census reports. b. For data on lard sec p. S-28. ,Consumption data exclude quantities used in refining. H'or January-November 19118 re;-isions, see Census report, "Fats and Oils, 1958" (Series M28-1-08). (')Consumption figure>

exclude data for cod, cod-li1·er, and other liHr oils, and etocks include only the quantities of these oils held by producing firms. $Production of refined oils covers once-refined oils (alkali refin~d).

S-30 SURVEY OF CURRENT BUSINESS February 1H60

19:>9 Unless otherwise slated, statistics through 1958 and ~~~~

descriptive notes are shown in the 1959 edition of Dere_ nl· Janu- I F('bru-J I BUSINESS STATISTICS

1 ber m)· ary :\larch .\pril I l\Iay I June I July

1

1960

I Augmt I Septcm-1 October I :-.fovem-1 Decem-~ bPr ber ber ar)-

FOOD AND KINDRED PRODUCTS; TOBACCO-Continued

FATS, OILS, AND RELATED PRODUCTS-Con.

Vegetable oils and related products-Con. Cottonseed :t

Consumption (crushings) ____ . thous. of short tons Stocks (at oil mills), end of month .......... do

Cottonseed cake and meal t Production ______________ .______ . ____ _ Stocks (at oil mills), end of month ___ _

Cottonseed oil: Production:

do do _

Crudet------ ---------------- .. mil. of lb Refined <1'------------------------- _ do

Consumption in end products _______________ do . Stocks, crude and refined (factory ami wan' house).

end of month _____________________ mil. of lh Price, wholesale (refined; drums; "'.Y.) .dol. rwr lb

Flaxseed: Consumption (crnshings) ____ thous. of short ton,; _ Stocks (at oil mills), end of month___ __ ____ <Jo __ _ Price, wholesale (No.I; Minneapolis). dol. perbu _

Linseed oil: Production, crude (raw) ______________ mil. of lb .. Consumption in end productst----- _______ do ___ Stocks, crude and refined (factory and warchousP),

end of month __________________________ mil. of lh Price, wholesale (Minneapolis) ______ dol. per lh_

Soybeans: Consumption (crushings) ____ . thous. of short tom .. Stocks (at oil mills), end of month+ .. ________ do ..

Soybean cake and meal:*+ Production .. _______________________ .... miL of lb. Stocks (at oil mills), end of month ___________ <Jo __ __

Soybean oil: Production:

Crude ___________ -------- __________ ------ __ .do. __ Refined d' .. ________________ ------------ __ .. do. __

Consumption in end products+------------- .do __ __ Stocks, crude and refined (factory and \Yarrhouse),

end ofmonth _________________________ miL of !h .. Price, wholesale (refined; N.Y.)------ .. doL per !h.

TOBACCO Leaf:

'n4!l. 8 1, 929.9

260.3 78. ,,

'184. ·' l 1-'0.1 l 102.9

l 385.6

60.6 108.6 3. 00

43.7 124.7

1131.4 .129

1,033.3 •2, 982.3

··1, fil9. 9 •105. 5

359.9 312.9

1278.7

d 318.6

Production (crop estimate) _______________ miL of !h._ 31,736 Stocks, dralcrs' and manufacturC'rs', end of quartt'r,

totaL ____ .. _________________________ miL of lb __ Exports, including scrap and stems ..... thous. of lb .. Imports, including scrap and stems ____________ do ... _

Manufactured products: Production, manufactured tobacco, totaL ..... do ...

Chcwinv, plug, and twist. ___________________ do -P.mokiilg ____________________________________ do_. __ Snuff _______________________ ----------------. do. __ .

Consumption (withdrawals):

4, 977 48,889 10,659

ai3, 41)5 a 5, 255

5, 274 2, 936

Ciprcttes (small): Tax-free _______________________________ m!lllons.. 2, 711 Tax-paid _______________ ------------ _____ .. do .. __ 33,953

Cigars (large). t.ax-pald _______________ .thousands __ "402, 108 Manufactured tobacco and snuff, tax-paid

thous. of! b .. a 13,472 Exports, cigarettes .. ______ . ________________ mi!Eons.. I, 297

HIDES AND SKINS Exports:

Value, total ({ ------------ ___________ tl10us. of doL Calf and kip skins ____________________ thons. of skins __ Cattle hides ----------------------- thous. of hides ...

Imports: Value, total ({ ____ ------------------ _ tlwus. of doL_

Sheep and lamb skins .. ____________ thous. of pieces .. Goat and kid skins ____________________________ do __ __

Prices, wholesale (f.o.b. shipping point): Calfskins, packer, heavy, 9 ~~/15lb. _______ doL per lb .. Hides, steer, h<·avy, native, over 53lb ......... do ....

LEATHER Production:

Calf and whole kip ________________ thous. of skins._ Cattle hide and side kip .... thous. of hides and kips __ Goat and kid ________________________ fhous. of skins __ Sheep and lamb_. _____________________________ do ....

Exports: Glove and garment leather ........ thous. of sq. ft.. Upper and lining leather ______________________ do ....

Prices, wholesale: Sole, bends, light, f.o.b. ta1mery .... doL per !h .. Upper, chrome calf, Band C grades, f.o.b. tannery

doL per sq. ft..

3, 997 146 389

5, 186 I, 433 2,150

. 650

.118

727 2,162 1, 768 2, 379

I, 126 2, 767

. 657

1. 308

1, c07. 4

252.3 79. G

188. 1 143. I 95.7

422.2

63.8 79.3 2. 99

45. 5 26.9

150. 4 . 126

1,100. 6 2, 829. 3

1, 74!3. 2 136.4

38.5. 5 308.8 275.9

380.4

27, 470 13,624

14.951 5, 919 6, 083 2, 949

2, 636 36, 242

441, 9G9

14, ;,26 1, 350

i I

440. I I 1,126. 2 .

201.8 103.8

152.6 113.9 96.7

433.3

46.6 60.6 2. 97

33.4 29.9

141.3 .128

I, 019.0 2, 593. 5

I, 575.4 169.4

355.3 301.9 276.8

455. 2

17,019 11,804

13,855 5, 433 5, 647 2,77.5

2, 674 34.614

-!;i:i. 3()7

13, GIS 1, 428

432. G 722.8

10.5. 2 139.8

148.9 116.8 97.5

477.2

52. 8 28. I 2. 99

37.3 32.6

152.6 .128

I, 080.3 2, 219.8

1, 677.4 186.6

380.8 303.8 286.0

476.0

4, 841 33,219 12,883

14,542 5, 404 6,143 2, 995

2, 783 3fi. 493

511, 721

14. 32[; 1, 478

323.5 405.5

151.5 166.4

ll6. 5 106.3 98.2

410.0

31.6 13. 7 3. 01

22.4 37.8

132. 7 .126

I, 037. 5 I, 84(\. 3

1, 596.2 200.4

36.5. 6 321.7 282.9

512.6

24, ISO II, 429

15.381 fl. 712 6, 7.58 2, 912

179. 2 233.1

8.5. 9 170.5

65.4 69.9 93.7

344.3

46.8 58.6 3. 03

33. 5 40.8

121.9 .125

I, 091.6 I, 520. 2

1,685.0 299.2

385.5 272.9 278.7

512.6

24, 9fil 13,306

14. 180 5, 487 6, 003 2, (\89

I 116.6 130.0

55.1 !.53. 7

41.5 60.8 90.2

273.5

37.9 48.7 3.01

26.8 39.0

97.4 .125

994.7 l, 346. 5

I, 540.4 306.4

3.55. 2 307.9 308.9

472.9

97.4 100.3

45.5 116.3

35.0 40.6 73.6

214.2

54.8 70.0 2. 97

39.3 36.1

92.9 .125

957 4 1,090. 8

1,491.4 232.8

344.1 257.7 255. 1

464.4

,..,! 265.5

70.1 87.8

50.3 51.2 75.7

166.1 '· 168

81.7 67.7 3. 28

58.9 38.8

105.0 .127

888.8 501.9

1,395. 4 193.0

318.6 283.1 268.5

386.6 2,!35

4. 449 --------- ---------2fi, 777 23, .\62 3X, 86.5 12, 671./13, 481 13. 324

1-5, 368 14, 1194 14, 701 6, 041 G. Of\.5 5. 484 6, 442 5, 896 6. 255 2, 885 2, 133 2, \If,;)

3,216 2,97-1 3,2411 3, 514 39. \JOR

3.003 40. 92fi

529, 159 38,097 37, 252 38,413

s2.s. s.so 161s. 1o5 I 65o, o•2 1o, 044 14, ooo 115, 227 1,600 1,621 1,598

514,7041 13,148

I, 938 14, 5021

2, 042

LEATHER AND PRODUCTS

3, 882 165 341

6, 381 I, 905 2, 576

.650

.123

689 2,153 I, 973 2,400

1, 342 2, 988

. 657

1.308

4, 142 119 380

;,, 4G8 2,332 I, 958

. 675 '133

626 2,046 I, 747 2, 396

1, 234

2:::: I 1. 308

5, 019 177 390

9, 690 6,3f\4 2, 243

. 675

.183

597 2, 095 I, 894 2, 396

I, 629 2, 339

.710

I. 345

3, 946 lf>O 323

8, 872 4, 364 2, 217

. 750

. 253

665 2, 088 I, 973 2, 524

2, 097 2, 849

I. 010

I. 403

7, 229 22.1 4f>9

7, 916 3,325 2, 33R

. 87fJ

. 203

561 2. 034 2, 032 2, 865

2, 470 3, 793

. 945

1. 478

5,427 174 285

9, 034 3, 943 2, 027

. 700

. 243

532 I, 921 2,139 2, 601

2,124 2,826

. 947

1.425

5, 608 137 326

7, 352 2.397 2, 295

. 725

. 243

416 1, 598 1, 877 2, 262

I, 250 2, 387

.953

1. 385

5. 253 141 282

5, 604 1, 336 1. 938

. 725

. 238

515 1, 873 1, 739 3,123

1, 758 2,377

. 943

1. 385

501.1 887.5

226.9 97.0

163.4 103.7 87.8

203.4 .156

83.0 93.4 3.42

59.0 33.0

121.6 . 133

823.8 750.5

1, 270.6 108.2

296.9 236.8 258.9

298.3 .133

4. 583

782. 2 733. 2 I, 937. 5 2, 609. 0

361.8 341.1 110.8 113.1

263.0 246.3 143.1 153.3 98.5 101.4

311.6 389. 4 .148 . 143

84. 7 48. 5 98.4 82.3 3. 68 3. 85

60. 2 34.8 30. 5 23.8

134. 7 142.8 .139 .145

1, 060. 2 '1,081. 6 2, 367. 8 ' 3,202. 8

I, 618.4 'l,f\53. 6 145. 2 ' 153. 0

391. 2 '392. 6 272.9 265.4 266.6 253.0

321.4 '422. 7 .128 . 119

ti83 . .) 2, 441. 2

311.9 110.4

22H. 7 IC.O.O 98.7

462.8 P. J41

49.9

355~ ----a:5o· 3.5. G 23.3

149.7 P. 142

1.013. 7 :3.(117. I

1, ,).~3. ti l2fl.l)

30H. 2 290.0 271. H

:)07. 4 Jl. 117

93, 654 50, 144 49, 748

l 1,800

4. 854 57, 518 JO.fi-!7 II. 698 14,140 12,719

15,397 5, G89 6, 600 3,108

15,043 5, 86(1 0,062 3,113

14, 175 i 13,367 5, 610 i 5. 480 5, 677 5, 011 2, 888 2, 875

3, 470 I 2, 403 2, 85:l 3, 062 39, 105 43,060 36, 190 34.318

552,708 566, 419 •663, 329 441, 503

14, 788 15, 157 2, 253 I, 038

4. 834 126 267

9, 235 4, 591 2. 017

. f\50

. 228

492 I, 795 I, 792 2,6i4

1, 713 2. 566

. 943

1.368

6,104 162 326

6, 372 1,339 2,130

• 550 .193

497 I, 912 1,894 2,601

I, 794 3,563

. 900

1.292

14,093 13,293 1, 567 I I, 663

6, 939 187 466

5,896 1,326 I, 871

. 425

.130

461 1, 771 1, 754 2, 634

I, 624 3, 408

.800

'1.197

4.122 134 311

5. 409 1.053 I, 80,1

P, 500 P.J47

I. 637 3,175

P, 7()0

pI. 215

'Revised. • Preliminary. 1 Beginning December 1918 includes amounts for hydrogenated fats (vegetable and animal) and other fats and oils "in process." Strictly comparable data for earlier months arc not avail-

able. 2 Beginning August 1959, price is quoted on carlot basis; not comparable with previously published data through July 1959 which are on I.e. I. basis. a Revised estimate of 1958 crop. • December 1 estimate of 1959 crop. tFor 1958 revisions, sec Census report, "Fats and Oils, 1958" (Series M28-1-08). d'Production of refined oils covers only once-refined (alkali refined). *New series; data prior to August 1958 are available from reports of the compiling agency (Bureau of the Census) !I Includes data for items not shown separately. a Revisions for 1958 (tmits as indicated): llfanufactured products, production-total, March, 14,63,5; (May-August) 16,084; 15, 348; 13,678; 15,239; October, 17,721; November, 13,452; chewing,

plug, and twist, (rviar('h-August) .'1,346; 5,793; G,l31; (),068i 5,09~1; .1,6S6: October, 6,·!92; ~o,-emb('r, 5.392; cowwmption (t~n-paid)-eig<WS, (Ju1y-Xon:mber) 512,048: ;)36,000; 546,709; 591,72tl; (H8,1M; tnanufacturt.'{i tobacco and snutr, l\larch, 14,::SIW; ~~'lay-August) lb,t);)2; l4)·>lSG; l::S,6\Il; lb,:!til; Oct.oix·r, li, ~Ji; ~\ovember, 13,2(».

SURVEY OF CURRENT BUSINESS S-31

l'nless otherwise stated, statistics through 1958 and I~~ 1959 desCTiptive notes are shown in the 1959 edition of I , . I I I I I BUSINESS STATISTICS . Db'::'~m- J~~~~- F~~~~u- l\farch April l\Iay June July

1

1960

I \ugust I Septcm-1 Octo be I Novem-1 Decem- Janu-~ , ' bC'r r ber

1 brr ary

LEATHER AND PRODUCTS-Continued

LEATHER MANUFACTURES

Sho<'S and slippers: Production, totaL ................... thous. of pairs ..

Shoes, sandals, and play shoes, except athletic, .

Bf~~~.;~~:;~;~-~~~;;;;;;;;;;~h;l:~·:;;:~~~S:.I Misses' and childrrn's ................... do .... l Infants' and babies' _____________________ flo ___ _

Slippers for houscwcar ....................... do ... . .\thletic_ .................................... do ... . Other footwcar .............................. do ... .

Exports ....................................... do .. .. l'rkrs, whol('Salf', f.o.b. factory:

:l-Ien's and boys' oxfords, dress, cattle hide upprr, Goodyear welt. .................... 1947-49= 100 ..

Women's oxfords, elk si<lr upper, Goodyear writ 1947-49= 100 ..

\\'omrn's pumps, low-medium quallty ....... do .... , I

LUMBER-ALL TYPES I >,-,\tional r_~umher Manufacture-rs Asso('iation; . I

I roductwn, totaL .. _____________________ rml. od. ft..

1 liard 'voods __________________________________ do ___ _ Softwoorls ___________________________________ do ___ _

Shipments, totaL __ ---------- ________________ .do ___ _ llardwoods .................................. do ... . Soft woods ......... _ ............ ______ ._ ..... do .. ..

Stocks (gross), mill, end of month, total ....... do .. .. Hnnlwoods .................................. do ... . Softwoods ___________________________________ do ___ _

48,216

•13, 272

9,150 1,990

22,269 6, 420 3, 443

3, 957 482 505 162

124.4

134.8 120.2

2, 716 528

2,!88 2, 668

526 2,142

9,144 3, 531 5, (i!3

53,333

49,472

9, 675 2,187

26,229 7, 670 3, 711

3,073 47.5 313 186

124.4

134.8 1

120. z I

54, 25R

48,948

9, 580 2, 233

2fi,2tl9 1. 321 1

3, 545 I

4 39i I '534 379 256

124.4

134.8 120.2

::::;I 10, 425 2,318

27, 797 7, 398 3, 538

4, 925 631 515 292

124.6

134.8 120.2

.56, 048

49,044

10,523 2,195

26, 875 6, 239 3, 212

5, 786 635 583 285

128.7

138.8 130.4

51, 444

44,737

9, 498 2,110

24,161 5, 902 3, 066

5, 519 (\65 523 2-55

128.7

142.7 132.0

-53,428

46,375

9. 305 2, 158

25, 535 6, 39.5 2, 982

5, 79() 698 559 215

128.7

142. 7 132.0

LU:\1UEH. AND l\IANUFACTURES

2, ti-00 546

2,104 2, 6fi2

546 2,116

9, 132 3, .531 5, GO!

I I

2,\142 i 554 .

2, 088 2, 682

585 2,097

9.091 3 500 5:591

2, 964 597

2, 367 3,111

591 2, 520

8, 945 3, 506 5, 439

3,121 I 603

2, 518 3, 271

599 2. 672

8, 846 3, 510 5, 336

I !

3, 163

1

•

639 2, 524 3, 221

593 2, 628

8, 779 3, 555 5, 223

3, 216 599

2, 617 3, 217

558 2, 659

8, 778 3, 597 5, 181

51,354

44,344

8, 325 2, 451

24, 655 6,307 2,541)

5, ss9 1

.592 529 214

129.5

142.7 132.0

3,136 623

2, 513 3,146

538 2,608

8, 782 3, 682 5,100

54,672

46,059

9,142 2, 284

2.5, 264 6, 370 2, 999

7, 341 653 619 233

134.4

150.6 132. o I

3,171 043

2,528 3,137

607 2, 530

8, 816 3, 717 5, 099

53,437

43,947

9, 235 2,213

2:J, 394 6, 092 3, 013

8, 278 6fi9 543 248

134. 4

14fi. 7 I J:l2. 0

3, 324 635

2, 689

3,M~ 2, 553

9,022 3, 787 5, 235

52,3781

42,991

9,053 2,032

22.686 6,000 3, 220

8, 230 61.5 542 270

137.4

14fi. 7 132.0

3 3041 '633

2, 671 3,145

627 2, 518

9, 212 3, 793 5,419

45,800

37,606

8,071 1, 766

19,619 5, 243 2, 907

7,143 551 i 500 268

137,4

146.7 '1:13. 7

2, 892 593

2, 299 2, 639

564 2,075

9,465 3,822 5, 643

48, 409

42,950

8,803 2, 080

22,439 fi,333 3. 29ii

4,393 .'160 50G 186

p 137.4

p 14ft 7 p 133. 7

2, 947 5f.O

2, 387 2,804

538 2,2(}()

9,C.!O 3,R44 5, 766

Exports, total sawmill products ............. M bd. ft.. 51i, 670 48,454 4.5, 213 86, 748 52,812 59,320 65,969 66,833 70,181 76,067 70.934 68,081 76,662 Imports, total sawmill products ................. do .... 309, 872 257, 384 258, 844 333,370 3:37,937 357,910 490,723 447,255 373,098 315,658 318,744 312,434 271,351

SOFTWOODS Doll!'las fir:

Orders, new ............................. mll. bd. ft .. OrdPrs, unfilled, end ofmonth ................. do .. .. Production ____________________________________ do. __ _ Shipnwnts _______ -------- _____________________ do ___ _ ~toeks (gross), mill, end ofmonth _____________ cto ___ _

Exports, total sawmill products ........... l\1 bd. ft.. SawNl timlH'r _______________________________ do ___ _ Boards, planks, scantlings. rte _______________ cto ___ _

l'rie('.<..:, wh<Jksa.le: IHnwnsion, eonstruction, drit>d, 2" x 4", R. L.

dol. per M hd. ft.. Floorin).!.', ('and lwtt(•r. F. 0., 1" x 4", R. L. '

742 600 631 654 877

21,673 9, 254

12,419

78.6.09

696 660 641 (i36 882

20, 731 10, 197 10, 534

I 79. 907

dol. P<'r M hd. ft.. !21. 002 1121.072 ::-:outlu•rn pine:

Ord<•rs, np\1·. ____________________________ mil. bel. ft. .. Or<l<•rs, unfilled, end of rnont.h ................. do .. .. Produet ion ___ -------- ___ --------- _____________ do ___ _ 81lipllH'nts _____________________________________ do ___ _ StoC'k'-' (gross), mill anfl c0nec>ntration yards, Pnd of

IIIOHtiJ ..................... ,_, ________ rniJ. hd. ft .. I Exports, tot,! I sawmill products ........... l\1 hd. ft..

Sawed tim her _______________________________ do ___ _ Boards, plankR, seantlings, etc _______________ do ___ _

Priers, '''holrsale, eomposih': Bonnls, No.2 and better, 1" x fl", R. L.

506 173 .582 527

1,824 6, 845

974 5, 871

dol. prr M bd. ft... 78. 181 Flooring, B and better, F. G., 1" x 4", S. L.

dol. P<'r M bd. fL. 136. 752 Western pine:

Orders, new ............................. mil. hd. ft .. Orders, unfilled, end of mont.h ................. do ... . Product.ion .................................... do .•.. Shipments ..................................... do ..•. Stocks (gross), mill, end of month ............. do ... .

747 439 6.53 654

2, 009

566 188 584 551

1, 857 5,103 1, 129 3, 974

78.239

1:J7. !2S

657 483 555 613

1, 951

603 081 588 582 887

16, 574 7, 437 9, 137

82. 279

12~1. 80;:)

577 219 554 546

I, 865 4, 855 1, 002 3, 853

78. 184

13(). 902

~~~ I 617 645

1 923

709 662 706 729 8fi5

23, 724 14,191 9, 53:J

84. 6(;8

127.212 I 702 248 636 073

1, 828 5, 950 1, 241 4, 709

78. H8S

779 678 729 763 882

21,723 9. 5()1

12, lfi2

8fi. 032

127. 720

715 255 661 708

1, 781 5, 917 1,033 4, 884

791 735 717 734 8.57

20, 377 12,007 g, 370

~7. li98

127.988

702 281 646 676

1, 751 7, 500 1, 932 5, 568

I 79. 806 I 80. 296

137. 279 I 138. 481\ I 137. 928

775 527 658 736

1, 845

776 490 752 814

1, 783

805 468 787 827

!, 743

636 579 760 792 826

28. !9() 17, -"10 10. 68G

89.82.1

12\J. 959

(i80 278 642 683

1, 710 5, 756

739 5,017

80. 7li8

138.009

748 426 825 790

1, 778 Price, wholesale, Ponderosa, boards, 1'\o. 3 con1n1on,

I" x 8" .......................... dol. prr M bd. ft .. 70. 790 2 74. 940 2 73. 470 2 75. 970 2 so. 290 ' 82. 460 I ' 83. MO

HARDWOOD FLOORING AND PLYWOOD

Floorin)!: :1-Iaple, beech, and birch:

Ordc·rs, new ............................. M bd. ft .. Orders, unfilled, end of month ............... do .. .. Production .......... _ ....................... do ... . Shlpments ........................ __________ do ... . 8tocks (gross), mill, end of month ........... do ... .

3,400 13,100 3, 400 2, 500

10, 850 Oak: 1

Orders, new ................................. do.... 56,877 Orders, unfilled, end ofmonth ............... do.... 33 2'll Production .. _ ............................... do.... 10; 641 Shipments .................................. do.... 61,194 Stocks (gross), mill, end of month ........... do.... 88,261

Plywood (except container and packJging), qtrly. t.otal:t

3,600 12, 725 3,150 2, 750

11,225

97,920 54,134 75, 119 74,853 84,693

3,050 12,800 3,150 3,000

11,400

95,050 72,518 70,769 76,666 77,062

3, 500 13,325 3, 500 3,175

11,675

92,261 77,913 77,302 82,964 70,029

4,125 13,150 3, 650 3, 950

11, 600

91,028 80,928 85,913 89,343 64,889

3,850 13,275 3,500 3, 425

11,580

79,421 74,152 84,994 86,197 63,686

I 4,200

12,900 3,050 4,300

10,225

76,281 62,506 89,322 89,274 63,734

775 658 671 69!) 812

20,361 11, Hi4 H. 197

671 633 667 (\91)

786

21,146 13,190 10, 95f)

654 587 739 699 82(;

30, 4L1 li, f/65 12,4!)()

647 554 731 680 905

29, 728 15,3\10 14.338

630 571 680 613 971

2G, 449 14,194 12,255

833 7o:J 715 701 985

36,4311 22,000 14,43'i

89. 57G I ' Sll.501 KK. (i37 87. 100 • 82. :325 I p 82. (i54

1:1o. 103 1 131.!12 131.879 1:!2. 055 q:;z. 41\:l ]•131. 589

695 261 (i75 712

1, 675 8, 457 1, 639 6,818

669 277 614 653

1, 634 6, 520 1, 074 5, 446

(i55 267 667 6U5

1,636 7, 721 1, 301 6,420

630 230 690 667

1, 659 5,055 1, !54 3,901

510 194 606 546

1, 719 7,092 1, 315 5, 777

514 17!) li}()

52\i

1. SOfi 8, 412 I. 925 (), 487

81.074 I 81.626 82.331 82. 4lil '82. 273 P 82.007

13K 254 '139.512 140. 158 140.158 140. !.58 vHO. f\07

817 414 825 829

1, 774

762 357 886 818

I, 842

812 343 907 826

1, 923

806 336 874 813

1, 984

587 308 ti88 616

2, 056

R!>l 423 742 74.5

2, 053

082.310 Z 81.030 279.100 2 76.650 ''75. 600 v275. 531

3, 800 12,950 3, 050 3, 750 9, 625

76,880 55,819 90,003 85, 582 65,454

3,800 12,350 3,250 3,850 8, 950

79,379 51,417 86,499 85,596 66,357

2, 750 11,700 3,675 3,350 9, 500

76,276 45,977 88,671 87,220 67,048

224. 2fi0

2, 925 11,225 3, 550 3,150 9, 675

80,262 42,067 90,435 84,172 72,602

2, 500 10,800 2,850 2, 900 9, 700

65,439 36,062 77, 529 69,615 77, 945

3,225 10,97.5 3, 375 2,825

10,125

69.14.5 37,057 77,792 70,392 85,345

Shipments (market) ..... l\1 sq. ft.., surface mcasurr .. i 228,249 .................. 235,882 ......... ---------1 241,550 -------- ----- ---------1 ---- ---,-·--·---- ----,----·-,_---,-_:_ ___ ..:__--,-----,---_c---,---,-,---,..:__-:--:--...,..,-:-:-::--::---:

r Ht.rri.srd. J! Prelimllwry. t Not enti!·ely con!IX:.r-:lb!<J \nth d::!.ta prior UJ month llPted. 2 ?\ot rornparabl~ ".Yith d~1ta through 1958; price i-; for Uoard.s, 2\o. 3, l" x 12", H.. L. (h' and over). t Revisions for 1st qt.r. 1957-2d qtr, 1958, respectively (units as above): 205,637; 195,812; 198,706; 191,276; 178,241; 18!,467.

S-32 SURVEY OF Ct~RRE~T BUSI~ESS FebrnaQ' lHt\0

llnless otherwise stated, statistics through 1958 and' 1958 ~------,---,----,-------,----,----~,95:._9 ___ 1

__ 1

___ ,-----,--------,~- ~-~;~,o--~uS'iNt:.rssns!flTis~rcsn in the 1959 edition of' I )Perm- Janu- I Fcbru-1 :\hrch I _\pril I :\fay June I July I \non'! ,.~cptcm-1 October! :\ovem-1 Decem~ ~

bcr ary ary ' I - · · her her her ,,,.,-

IRON AND STEEL

Foreign trade: Iron and steel products (excluding advanced manu­

factures and ferroalloys): Exports, total t ---------------tho us. of short tons __

Steel mill products*_------------------- ___ do ___ _ Scrap _____ ---------------------- __________ .do. __ _

Imports, total t ------------------------- _____ do. __ _ Steel mill products• ______________________ .do. __ _ ScraP----------------------------------- __ .do. __ _

Iron and Steel Scrap

Production and receipts, totaL ____ thous. of short tons._ Home scrap producecL _________________________ do ___ _ Purchased scrap received (net) ________________ do ___ _

Consumption, totaL _______ ----------------- ___ .do ___ _ Stocks, consumers', end of montb _______________ do ___ _

Ore

Iron ore (operations in all U.S. districts): :\line production ________________ thous. of long ton:- __ Shipments from mines. ________________________ do ___ _ Importst _ .. _____________________ ----- __________ do. __ _

U.S. and foreign ores and ore agl'lomerates: Receipts at iron and steel plants _____________ do ___ _ Consumption at iron and steel phmts ________ do ___ _ Exports, incl. reexports _____________ ------- __ do ___ _ Stocks, total, end of month __________________ do ___ _

A.t rnint>s ______ ---------- __________________ flo ___ _ At furnac·e yards ___________________________ do ___ _ At t'.S. docks _____________________________ do ___ _

)!anganese (manganese content), general importst thous. oflong tons __

Pig Iron and Iron Manufactures Pig iron:

Production (excl. hlast furnace prod. of fc'rToalloys) thous. of short tons __

Consumption __________________________________ do ___ _ Stocks (consumers' and suppliPrs'), end of month

tho us. of short tons._ Prices:

'337 • 169

140 '302

231 21

.). 8{)7 3, 382 2, 485 5, 57! 9. 594

3, 042 I. 474 I. 882

3. 948 n, 58R

35 73, 347

7, 505 \iO, 2(;fi

5, 577

72

n. 025 5. 958

3, 91j4

~\IETALS AND MANUFACTURES

'406 161 219

'2fi! 229

14

.1, 752 3, 517 2. 23ti 6, 020 9,331

3, 337 I, 552 I, 970

3. !f>4 9, ~:?8

47 ti~, 134

n, nn3 53,601

5, 470

107

ll, 212 6, 283

r 459 168 266

'275 241

18

(), 17t) :l,(i40 2 53G li: 337 9,181

3.1ili5 1; 493 I, 482

3, 041i H, fi99

43 1)3, fi21 11, 44X 41i, !)44

5, 229

73

6,147 6, 303

3, ()!)2

r 492 '180

286 '327

287 20

7, 539 4. 334 3, 205 7. 479 0. 232

3, 81i8 I, H90 1, 874

3, 543 !1, 512

54 50,800 13,629 3H, ti02

4, 5fi9

80

7, 402 7, (l!4

3, 553

r 507 178 300

'433 359

]()

7, 47fi 4. 390 3, 087 7, 442 9, 269

n, IGG 4.1i87 I. 941

5, X52 11.540

~4 51, 5SO 15, 117 32,\114 3.M!J

129

7, 338 7, 451

3, 467

'61J 166 410

'516 38.1

31

7. 34!) 4. 393 2, 957 7, 440 9.183

12. 1'il) 13. 74:l 3, 302

11\.049 ll. 8·18

431) 04. fiSS 13. !iG.S :l7. 115

4, OIJ5

94

7. oS4 7, 692

3,492

'633 191 408

'528 410 31

7,053 4, 330 2, 724 7,081 9, 200

12,371 14,301 4.124

17,763 ll, 131

4;)6 5\), ,)35 ll. 646 43. 74(\

4. 143

100

7, 232 7, 376

'685 157 497

'577 430

24

'4,122 '2, 299 'I, 823 '4,015 '9, 309

'622 ,)I

552 '458 '323

31

2. 276 92.)

I, 352 2,100 9. 490

'490 47

427 '4.58

366 12

2, 547 I, 069 I, 478 2, 368 9.GH

!i, 723 645 829 7, liS 762 727 3, 188 3, 1821 3. 802

===:::::: =::::==:: 1::::::::· 1, 020

10, 147

82

-3, ~4~ · 3, o7,

'3. 508

260

10,362

37

) 948 I, 003

3, 496

30

111. 461

87

I 949 1, 088

3, 425

'479 37

426 '451

3fl2 14

2, 741 I, 105 1, 635 2, 539 9, 846

782 562

3. 89\1

96

11, 155

il

11,018 I, 172

'575 61

499 '659

460 41

5,450 2, 921 2, 529 s, 373 9. 928

4, 383 G, 976 3. 815

11, 604 7, 091

372 7.j, 705 8, 73G

57, 635 9, 334

100

4,199 4.479

727 114 579 6ii0 539 15

3. 03.\

12G

~---------

109

7, 573 -

Composite _______________________ dol. per long ton .. (i5. 95 titi. 00 (i6. 50

3. 895

6.5. 95 tili.OO Gti. 50

()5. 95 1>6. 00 66.50

f\5. H5 tili. 00 uG. 50

t\5. \l5 lit). 00 (j(i. 50

115. 95 t10.00 6(), 50

3. 432

65.95 66.00 66. 50

65.95 66. ()I)

66.50

6,\. 95 66.00 66.50

65.95 66.00 66.50

3, 364

65.95 66.00 66.50

3. 052

65.95 66.00 66.50

6.~. 95 fif.. 95 Basic (furnace) _________ ------- ______________ .do ___ _ Foundry, No.2, Northern ___________________ do ___ _

Castings, gray iron: Orders, unfilled, for sale, end of month

thous. of short tons .. Shipments, totaL ______________________________ do ....

For sale __________ ----------------------------do. __ _ Castings, malleable iron:

Orders, unfilled, for sale, end of month thous. of short tons._

Shipments, totaL •• ------------ ____ ---------- .do. __ _ For sale._--------------------------- _______ .do .. __

Steel, Crude and Semimanufactures

Steel ingots and steel for castings: Production _____________________ thous. of short tons ..

Percent of capacity d' ___ ---------------- _________ _ Index __ ------------------------- _____ lfJ47-49= 100 ..

Steel castings: Shipments, totaL ______________ thous. of short tons ..

For sale, totaL __ ------------------------ ___ .do ___ _ ~tc~el forgings (for sale):

OrdPrs, unfillf'd, end ofmontb _________________ (lo ___ _ Shipments, total _________________ ----- _________ (lo ___ _

Drop and upseL _____________________________ do ___ _ Pri{'f'S:

Composite, finished steel (carhon) _______ dol. per lh .. Sh•rl billets, rerolling:, earbon, f.o.h. mill

dol. per short toiL. Structmal shapes (carbon), f.o.h. mi!L __ dol. per lb._ .Steel serap, No. I heaYy melting:

Composite (5 markets) § _________ dol. per long toiL Pitt.shurgh district_ ________________________ do ___ _

Steel, Manufactured Products

B:nrcls and drums, steel, heavy types (for sale):

?~r;~~~~·t'~~~~:~:-=~~-~:-~~~~~~~ ~ ~~ ~~~~~~::~~,:~~~~~~=~I Cans, m('tal, 8hipmrnts (in trrms of ste.el consumed),

total for sale and own use ___ thous. of short tons .. Food. _________ ----------------- _____________ do .... ,

Shipments for sale _______ -------------------- __ do ___ _ Closun?s (for ~las~ containers), production ___ . millions __ C'ro\vns, productiOn~--- ___ ------------ thousand g. ross __

nos 998 509

t\G tiS 40

8, 711 73

122.4

104 81

313.1 !12. 5 91.6

.060il

95.00 . OGI7

39.81 42.00

I, 491 I, 882

289 153 244

I, 279 18,294

1-\87 I, 002

517

77 73 44

0. 317 74

131.0

105 83

353.3 !12. 9 90.7

. OliOS

05.00 . Ofil7

'40. 31 43.00

1,1329 1, 803

314 180 263

1,42G 24,026

767 I, 037

539

!)0 75 42

9, U03 85

149.5

l!O ~n

392.0 !12. 7 91.5

. OG98

95.00 . OG17

~ 41. RG 43.00

1,\118 I, 809

304 174 256

I, 437 24,633

847 1, 201i

liliti

9tl 84 50

ll, 568 92

162. G

131 104

396.1 128.8 104.1

. Oti98

115.00 'Onl7

2 41.33 44.00

2, 068 2, 017

341 185 287

I, 576 26,612

892 1. 24fi

li89

103 91 54

11. 2~2 !J3

1113. g

134 105

397. 7 135. 7 105. 7

. Oti98

!15. 00 . Olil7

2 35. 16 37.00

2. 546 2.157

3H9 219 330

1, ti91 28. 987

885 I, 236

685

100 83 50

II.()()] 93

163. I

135 106

393.5 141.8 Jll4. 6

. 0698

n.s. oo . 0617

2 33.41 3.1. 00

2. 575 2, 523

400 219 346

l. 606 30.369

837 I, 252

717

95 85 51

10,908 90

158.4

144 112

374.6 140.0 108.1

. 0698

95.00 . 0617

2 35.67 36.00

I. 083 2, 848

441\ 251 385

I. 787 34.263

898 \)43 533

75 tl9 43

5, 232 42

73. 5

107 84

:!76. 5 102.9 ~0. 6

. 0608

!).>. 00 0617

'38. 48 40.00

1.\17 4 2, 026

502 302 451

I, 621 31,160

873 744 507

86 65 40

I, 439 12

20.2

3~¥: §I 77. 5

. 0698

95.00 . 061i

2 37. {)3 38.00

1, !)34 I. 684

615 423 546

I, 444 29,899

883 850 528

82 76 46

I. 535 13

22.3

101) 80

373.8 103.4 80.0

. 0698

U5. 00 . Otil7

'39.17 38.00

1.884 1,484

642 412 577

I, 519 29,088

887 872 520

8.\ 76 49

1, 705 14

24.0

JOG 85

373.3 97.3 74.3

• 885 • 832 p 516

p 83 p 58 p 42

p 66.00 p 66. 50

i, 268 ' 11, 98\l GO 96

105.61 ' 168 .. > Jl 109 --

p 86 ---------

402. 9 87. 3 63.3

. 0698 I . 0698 . OG%

95. 00 95. 00 p 95. 011 .0617 .06J7 P.Qf\17

2 42.04 " 44. 47 p '41. 23 41.00 4fi. 00 p 42. 00

2,120 1. 286

382 234 327

'I, 543 23,434

2,653 I, 459

'297 169

T 257 I, 362

18,526

316 176 273

Sth~l prod nets, net shipments: Total (all ?rades) _______________ thous. of short tons.. 5,512 ti,l86 6,524 8,118 8.<i03 8, 754 9,700 4,131 1,339 1,283 1,419 4,842

Semifinished products _______________________ do____ 248 248 270 344 346 357 386 132 --------- --------- _________ 253 8. 2ll

416 570 754 120

Structural shapes (hca\·y), steel piling _______ do.... 387 360 410 zgt z~~ ~~~ ~~~ m --------- --------- ------- m ~~~~\\~saiict(iceossorles::.-_:=:=============:::::~~::::i sg~ 5~~ ¥~~ 167 160 192 192 75 ::======= ::::::=:: ::::::: - 47

p 12. 04:~ ~J;)

ltJH. ;J

· H.nised. P Preliminary. ' Including blast furnace production of ferroalloys. ' Not entirely comparable with composite through 1958; see note marked ''§"'. t Revised \beginning in the February 1960 SFRVEY) to indude certain metal manufactures classified by the industry as steel mill products but heretofore omitted from the total shown h .. re

see notE' marked "*.'. *New series (from Burean of the Census); revisions for January-November 19.58 (thous. tons): Exports-total, 612; 516; 64.5; 633; 653; 429; 384; 363; 389; 5.50; 487; steel mill products, :J27: 212;

264: 266; 245; 163; 169; 171; 181; 269; 239; imports-total, 102; 93; 131; 133; 147; 187; 246; 216; 233; 303; 252; steel mill products, 71; 68; 102; 114; 118; 128; 171; 157; 180; 201; 175. t Scattered revisions for January 1957-July 19.\8 are available upon request. d" For 1960, percent of capacity is calcnlated on annual capacity as of January 1, 19fJO, of 148,570,970 tons of steel; for 1959, as of January I, 1959 (147,633,670 tons); 1958 (140,742,570 tons!. § Represents the weighted average of consumers' buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham, Lo;

Angeles (through 1958 only), San Francisco (beginning 1959).

SURVEY OF CURRENT BUSINESS S-33

Unless otherwise stated, statistics through 1958 and ~~~ 1959 11960 " dBeUscSrliNptEivs"s"osteTsATarleSTshiCowsn in the 1959 edition of Decem- -:J:-n_n_u--TI-:F:-e:-b-r-ul,---~,----,,----~~--~~ ::_ __ '1~----.,-S-ep_t_e_n_l'i_o_"_to_b_e_rTI ]';-_-o_Y_e_n_,_,,-D-e-ce-,-~~-- .Tanu-

ber ary ary - March April May June July I August her. - , her ber ary

IRON AND STEEL--Continued

Steel, Manufactured Products-Continued Su•el products, net shipments-Continued

Bars and tool steel, totaL ______ thons. of short tons __ Baro: Hot rolled (incl. light shapes) _________ do ___ _

Rcinforcin~----------------------------do ___ _ Cold finished __________________________ do ____ _

Pipt• and tubing _______________________________ do ___ _ Wire and wire products _______________________ do ___ _ Tin mill products _____________________________ do ___ _ Sheets and strip (incl. electrical), totaL _______ do ___ _

Sheets: Hot rollcd ___________________________ do ___ _ Cold rolled ___ -------- __ ------------ .do ___ _

Fabrieated structural steel: Orders, new (net) ______________ thous. of short tons __ Shipments ______ ----------- ___________________ do ___ _ Backlog, end ofmonth ________________________ do ___ _

NONFERROUS METALS AND PRODUCTS

.\lnminunt: Production, primary, domestic_ thons. of short tons __ Estimated recovery from scrapE!l6----------- .. do ___ _ Imports (general):

"\ictal and alloys, crudc _____________________ do ___ _ Platrs, shpcts, etc ________________________ , __ do ___ _

Stoeks. primary (at reduction plants), t>nd of month thous. of ::;hort tons __

Priee. primary ingot, 99.5%+------------dol. IH'I' Jh __ Aluminunt shiprnents:

:\!ill prodnets and pig nnd ingot (net) ____ miL oflh __ :\Iill products, totaL _______________________ do ___ _

l'late and sheet_ ___ --------- _______________ do ___ _ Castings§ _____ --------------- __________________ do ___ _

Copper: l'roduction:

\Iitw, recoverable copppr _____ thous. of sbort tons __ Hefitwry, primary------------- ______________ do ___ _

From dornrstic ores ___________________ .. ___ flo ___ _ From foreign ores __________________________ do ___ _

SeC'ondary, recovered as refined _____________ do ___ _

Imports (general): Hrfined, unrefined, scra.p(B __________________ do ___ _

Refi nod ___________ - ______________________ .do ___ _

Exports: H.efinfd, scrap, brass and bronze ingots ______ do ___ _

Refined_-------------------- ______________ do ___ _ Consumption, refined (by mills, ott·.) _________ do ___ _ Storks, refined, end of month, total.. ___________ do ___ _

Fabrira.tors' ______ ----------- _____________ .. _.do ___ _ Pri0', hars, electrolytic (N.Y.) ________ .doL ppr lb __

Copper-base rni11 and foundry prodttrts, shipments (quarterly):

Brass mill products ________________________ miL oflb __ Copper wire mill products'llt------------------ do ___ _ Brass and bronze foundry products ____________ do ___ _

I.end: Production:

.:\line, recoverable lead _______ thous. of short tons __ Seeondary, estimated recoverableEBt _________ do ___ _

Imports (gf'n~ral), ore$, metaL _______________ do ___ _ Consumption, totaL _________________________ .do ___ _ Stocks, rnd of month:

Pro1luccr.s', ore, base bullion, and in proe('ssEB (A BMS) ___________________ tlwus. of short tons __

Refinrrs' (primary), refined and a.ntirnonia.l@ tho us. of short tons __

Consumers' d' --------------------- __________ do ___ _ Scrap (lead-hase, purchased), all consumers. _do ___ _

Price, pig-, desilverized (N.Y.) ___________ dol. per Jb __ Tin:

Imports (for consumption):

~~~.~~iis·,-eic-_-_-_-~_-_-_-_-_-~~~--~~----~----~~------!~~~~J~~~:: Es-timated recovery from scrap, tota.ltt) ________ do ___ _

As mcta!_ ___________________________________ do ___ _ Consumption, pig, totaL ______________________ do ___ _

Primary-------- ___ ------- ___ --- _____________ do ___ _ Exports, incl. reexports (metal) _______________ do ___ _ Stocks, pig (industrial), end of month _________ do ___ _ Price, pig, Straits (N.Y.), prompt_ ______ dol. per lb ..

Zilw: :\line production, recoverable zinc

thous. of short tons __ Imports (general):

Ores and conccntratesE!J _____________________ do ___ _ :\leta! (slab, blocks) _________________________ do ___ _

Consumption (recoverable zinc content): OresE!J __________ ------ _______________________ do ___ _ Scrap, all types ______________________________ do ___ _

Slab zinc: Production (primary smelter), from domestic and

foreign ores _________________ thous. of short tons __ Secondary (redistilled) production, totaL __ .do ___ _ Consumption, fabricators', totaL ____________ do ___ _ Exports. __________ -------- __ ----------- _____ do ___ _ Stocks, end of month:

Producers', smelter (AZI) _________________ do ___ _ Consumers' ___ --------------------------- _do ___ _

Price, prime Western (St. L01Iis) ______ tlol. per lh __

METALS AND MANUFACTURES-Continued

839 579 143 110 527 237 200

2, 500 fi94

I, 25:1

197 2()7

I. ~09

152.3 r 37.0

25.3 3. 5

141\.1 . 2tiXO

33:J.O 235.4 121.7 64.2

95.3 13Kfj IOH. 3 30.2 17.1

40.8 4. 5

52.3 45.6

127.0 181.8 121\. 7 . 285S

533 39H 225

22.7 '37. 3

51.1 84.6

101.6

197.7 I16. 0 54.7

.1300

94 4, 227 I, 850

330 6,135 4, I15

205 21,444 . 9897

35.8

48.1 18.7

8.8 19. 4

71.1 4.4

79.0 .3

190.2 89.3

. !150

888 623 134 123 679 21!8 498

2, 648 731

1.339

23ii 224

I, 794

150. 7 '35.0

12.7 3. 5

175. I . 21~0

359.8 23.i. 3 122.7 liR. 9

97.1 128.0 102.0 2l\. 0 21.3

43.9 2.9

27.9 22.2

126. 1 181.8 126.7 . 2864

'23. 5 '38.8

34.7 88.4

104.8

208.2 118.1 49.2

.1267

3,416 2,989 I, 950

260 G, 8no 4,490

112 21,160 . 9935

• 35.6

50.2 15.0

8. 2 17.9

71.3 5.1

79.5 .2

195.8 85.1

.1150

938 65li 141 133 70tl 279 526

2, 714 784

1,330

294 21G

1, 864

142. I r 35.0

9. 7 3. t)

183.8 . 2fi80

331.!\ 231.8 12:?.. 7 1!8. 4

g?. n 120. fi 95.7 24.9 21.0

31.3 3. 5

25.0 20.8

126. I 183.5 124.ll . 2962

21.4 '36. 8

24.3 84. 2

96.9

214.3 1!4.6 40.3

. 1!56

48 4, 374 I, 880

235 6, 785 4, 245

103 22,425 1.0271

'36. I

51.2 6. 8

7.4 17.6

65.9 5. 3

77.0 . 2

200.5 83.4

. 1142

I, 21! 825 217 !59 \l30 362 714

3,185 928

1. 557

255 21\0

1, 873

157. 2 '37.0

14. 2 4. 4

15\l. 2 . 21\80

3~5. ~j 271. (j 150.8 73.4

'98. 3 131.8 101.4 30.4 22.7

37. 2 3. 8

23.0 19.4

138.8 181.4 123.2 . 3103

575 405 240

21.0 '34. 4

54.9 85. I

103.6

209.8 123.4 37.4

.1!41

54 4, 662 I, 955

255 7, 510 4, 700

153 21,755 1. 030:J

'37.1

36.9 16.0

8.3 21.5

74.8 5. 2

87.4 .7

20G.I 79.2

.liOO

1, 282 845 254 172

I, 113 403 821

3, 215 956

1. 524

295 291

I. 922

155.2 '41.0

14.0 3. 7

131.5 . 21\80

-123. 2 2fl4. 9 151i. 4 73. ()

• !()(),(\

130.2 102.9 ~7. 3 20. 2

31.5 5. 0

24.2 20. ()

147.2 169.2 120.2 . 3130

21.2 '36. 2

33.6 91.3

97.8

!97.0 124.0 34.8

.1119

18 4, 214 2, !50

275 7, 755 4,880

110 21,700 1.0250

'38.3

49.0 6. 5

8.2 22.8

71.0 5. 4

90. I • 4

203.9 76.3

.1!00

1.337 890 256 181

I, 141 429 830

3,174 947

1.49G

242 294

1, 7fi8

1(\3. 0 '40. ()

22.8 4. a

112.7 . 21i80

452.1 320.8 170.2 68.3

• Ill!. 6 124. G 98.9 25.8 22.ll

35.8 11.8

19.2 15.3

139. ~ 187.8 125.3 . 3116

• 20.2 '35. 8

40.7 96.2

88.2

170.9 132.5 37. I

. 1190

37 3, 845 2, 010

255 7, 455 4, 995

31 20,950 1.0304

'38. 4

41.9 17.2

8. 8 22. I

71.9 5.6

88.1 .I

!96.0 76.4

.1100

1, 518 969 34G 191

I, 21H 491 818

3. 590 I, 154 1, H07

291 3ti5

I. 717

Hi7.3 '42. 0

30.5 4. J

~Kfi _ 2fiSO

;):lit 1 :m. -! 182. (j

G6 .• 1

• 94. 4 128.7 101.4 27.:3 21. i

G0.3 19.3

!G. 0 12.6

!46. 8 181. 7 139.7 . auo

o78 412 2ti2

21.4 '35.0

38.4 95.8

89.9

132.6 153.9 41.8

.1200

3, 783 4, 984 1, 980

315 7, 935 4, 995

155 22,645 1.0415

'36. 7

45.8 17.7

8. 4 22.0

70.5 5.0

96.0 .2

169.4 86.2

.1100

600 3G8 142 88

i)!J4 1\12 3H

I. i)fi3 15\1 71S

2!)\J 23\1

1. fi79

179.2 '37. 0

30.8 5. 0

80.4 . 2fl80

009.4 373 I 195.4

.1n. n

r 86. ~~ 125. 7 9-1.2 :ll .. \ 19.9

44.8 !0. 7

l:l. 7 II. 4

88.3 229. 7 177.8 . 3008

r 19.() '3.). 0

35.3 89.6

8\1.6

142.0 !54. 9 45.5

. 1200

2, 547 I, 74.)

2.)0 5, 600 3, 210

54 22,995 I. 0231

'31. 8

47.4 17.1

8. 7 15.3

68.5 4. 6

65.4 . 1

182.0 90.2

.1100

Hfi 220

l. 77'2

172.8 r 37.0

31.4 4. f)

94.0 • 2HSO

314. 2 217. 5 120. ,j

;"l:i. H

'34. 8 l 70.7 ! 43. n I 2(). i 1 1a. s

38.4 12. H

18.8 w. ()

117. 1 194.8 158.7 . 298\l

•21. 9 T 35.5

25.1 \10.0

83.9

!28. 2 1.%.0 46. I

. 1229

fj] 2.3!19 1, 930

285 4, 7fl0 2.185

lOll 23,060 1.0233

r 31.2

34.6 9. I

7. 9 15.8

65.9 3.9

60.5 .2

!92. 0 93.2

.1100

281 244 183 190

L 871 I, 891

HiS. 2 • 37.0

109. I . 2ft~o

38\1. ~ 2fi2. 7 1:;o. 7

fiti. 2

'27. 1 28.1 12.9 15.2 11\.0

j()_ 7 40.3

II. 7 9.0

129.1 171.0 130.(1 . 3102

554 381 22.-.

'20. 5 '3!i. 5

33.1 93.9

100.0

121.2 147.3 49.0

. 1300

2, 454 3,87fl

'1,845 • 260

4, 82[1 2. !50

129 20, 47S I. 0243

'29. 4

32.4 13.3

8. 8 20.6

58.3 3.9

62.5 3.0

193.0 92.6

. I133

173. 7 39.0

18.5 3. 7

131. I . 2tl80

• 414.0 • 2Ri. I '1H.l

r ()j_ 5

2H. Y :JZ.i J:l.li l!l I 17.3

44.9 19.8

D.O 4 . .[

p 116. 0 p 133.0

p 87.0 . 3258

'21. 3 • 37.8

24.9 98.4

99.0

119.4 133. a .\0. 4

. !300

334 3. 500 I, 910

270 4, 920 2, 270

167 r 27,285

I. 0220

• 3!. 5

38.9 16.8

8. H '20. 4

6!.1 2. 9

66.9 !.4

19!. 3 '94. R . 1213 '

759 502 163 86

510 233 349

1, 943 575 924

260 181

2.068

1;)3. 7

]:)2. 8 . 2680

:m. 1 247. ;.; 127. 8 54 .. )

2.\9 :!0. 2 12.2 17.9 11.4

68.8 43.7

4. 8 2.3

p 102. 0 p 129.0

p 81.0 . 340fi

20.9 36.7 3.1. 7 84.5

101.3

118.2 I:JO. 2 49.9

. 1300

430 2, 938 I, 710

210 o, 645 3, 235

159 28,170 1. 009()

l. 28:! 001 21a 160 859 381 553

3, 275 956

1,599

366 236

2,195

lfi3. 0 ---------

2tl. 4 4.7

11 J.(i . 27:{ij -2810

25. !-1 l..j.."i_t I 17. ;l 1 2.'-(. 2 llfl.\)

~0. 7 40.2

HI.;., ;).1

p IIJ7. 0 ·' 121.!1 "81.0 . 3372 . 336:.

19.9

24.2 ---------

109.9 ---------

. 12.12 . 1200

92

.991:! .9985

35 . . ~

37. 8 30. a 1!. 0 10.7

7.9 18.9

.)9, 4 3.0

71.1 2.8 2.;)

17ll. 21 154.4

. i~:,Z ---~i2~ii-144.5

.12S.'l

' Revised. • Preliminary. ' Part of August 1959 production is included in Deccm!Jer thlta. Ell Basic metal content. 6Revised effective with the February 1960 SPRVEY to include monthly estimate of secondary aluminum recovered by nonreporting producers; revisions for .January-);'owmber 19.'i8

(thous. tons): 34.0; 26.0; 29.0; 28.0; 26.0; 24.0; 24.0; 26.0; 30.0; 39.0; 31.0. ~D,lta for 1958 have been adjusted to industry totals based on the expanded survey of producers introduced in January 1959. It is believed that the same Rencrallt'wl uf revision (mrn'a'e

of approximately 8 percent) could be applied to the 1957 estimates. He visions for January-October 1958 (mil. lb.): 62.2; 54.3; 54.3; 48.4; 47.5; 44.0; 42.0; 48.5; 56.7; 59.6. t Revised effective with the February I9fi0 SnRVEY to include monthly estimate of!ead recovered from nonreportlng secondary smelters and lead recovered from CO(lllf'r-hllsc scrap; l'l'Vi<iOU.'

for J:munry-November 1958 (thous. tons): 36.7; 33.9; 31.3; 34.8; 33.3; 31.6; 28.6; 29.9; 33.7; 38.3; 35.2. d'C'onsumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base scrap .t Scattered revisions for January 1957-Jnly 1958 are available upon reuuest.

S-34 SURVEY OF CFHHEXT BUSIXESS February 1060

Unless otherwise stated, statistics through 1958 and 11958 ~~---

descriptive notes are shown in the 1959 edition or Decem J·uul BUSINESS STATISTICS ber - ~ry- I F~~;~u-1 ~larch I April I ~lay I June I July

1959 ---------~ -~ -~---1 Ano·ust li Srp_trm~ I O(-j b,. I No\·em-1 Decrm-

1-- ht>r 0 Ll her her

1960

Jann­:Jrr

::\IETALS AND -'IANUFACTURES-Continued

HEATING APPARATUS, EXCEPT ELECTRIC

Radiators and convectors, cast iron: Shipments ________________ rnil. of sq. ft. of radiation_ Stocks, end of month _________________________ .do ___ _

Oil burners:6

~~~~~)~~~~~-.;(month====================: ~-0 '~"~{~'.1 ~:: ~toves ami ranges, domestic cooking, incl. huilt-ins:6ci' I

Shipments, totaL _______ ------------ _____ thou:-:and;.: __ Coal and wood ______________________________ do ____

1

Gas (incl. bungalow and com binationl d' ___ .do ___ _ Kerosene, gasoline, and fuel oiL _____________ <lo ___ _

Stoves, domestic heating, shipment~, total.6 t ____ do ___ _ Coal and wood ______________________________ do ___ _ Gust------------------- _____ .. _______________ do ___ _ Kerosene, ~·asoline, and fuel oiL _______________ do ___ _

\Yarm-air furnnres (forced-air and gravity air-flow), shipments, tota1.6 t __________________ .. thonsandR __

Gas ___________________________________________ do ___ _ OiL ___________________________________________ <lo ___ _ Solid fueL ____________________________________ <\o ___ _

Water heaters, gas, sbipmentsL', _________________ do_

MACHINERY AND APPARATUS

Blowers, fans, and unit beaters, quarterly totals: Rlowers and fans, new orders ____________ mil. of doL_ Unit-beater group, new orclers _________________ do __ _

Foundry equipn1ent (new), new orders, net JPonthly average shipments, 194i-49=100 ...

Furnaces, industrial, new orders, net: Electric processing ______________________ mil. of doL_ Fuel-fired (except for hot rollinv; steel)_ ________ do ____ _

Industrial trucks (electric), shipments: Hand (motorized) _____ --------- ___ .. ________ Hum her__ Rider-type ___ --------------------------- ---_do_--.

Industrial trucks and tractors (gasoline-powered), shipments __ ---------------------- __________ num her __

Machine tools (metal-cutting and metal-forming): New orders (net), totaL _________________ mil. of rloL

Domestic ______ -------.--------------------- _do_---Shipn,ents, totaL _____________________________ .do_. __ Domestic _______________ -------------------_ Jlo_. __

Estimated baeklog __ ----------------- ______ montll~-

Other machinery and equipment, quarterly shipments: Construction machinery (selected types), total<;?

mil. of doL. Tractors, tracklaying (cmwler), totaL _______ ,lo ___ _ Tractors, wheel (contractors' off-highway) ___ do ___ _ Tractor shovel loaders, integral units only (wheel

and track laying types) ______________ mil. of doL Farm machines and equipment (selected products),

excluding tractors ________ ------··- _____ nlil. of doL Tractors, wheel (excl. garden and rontrflrtors' off-

highway types)___________________ nlil. of doL_ Pumps (steam, power, centrifugal, and rot:try), new

orders ___________________________________ nlil. of doL

ELECTRICAl~ EQUIPMENT

1.3 3. 2

40.7 32.1

!S9. 6 4. 2

IRl. 0 4. 4

13i. I 16. 4 95. I 2.5. 6

9.1. 8 65. R 22.9

2. 2 204.0

29.4 21.2

13i. 0

1.6 1.9

429 38fi

1, 501

43.90 34. i.5 43. 9.5 37.80

3. 1

177. -4 4fi. 0 1!1. i

37. 4

137. 1

116 .. 5

,\. 2

Batteries (automotive. replacement only), shipments thou~ands__ 3. 041

Tiousehold electrical appliances: Ranges (incl. built-ins), domestic and export sales

thousands__ 113. 9 Refrigerators and horne freezPrs, output.' _1957= 100__ _ 109. 8 Vacuum cleaners (standard type), sales hilled

Washers, sales billed (domestic and export)0 __ do____ 330.5 thousands __ ! 317.0

Radio sets, production§ _________________________ do ____ 21. 525. 7 Television sets (incl. combination), prod.§. ______ do____ '4!4. !I Electronic tubes and semiconductors, factory sales

mil. of doL fiG. 0 Insulating materials and related, products:

Insulating materials, sales billed, index 1947-49= 100 __

Steel conduit (rigid), shipments _________ thous. of fL.

Motors and ![enerators, quarterly: New orders, index. --------------------1947-49=100.­Polyphase induction motors, 1-200 bp:,

New orders, gross ___________________ thous. of doL_ Billings _______ --------------- ______________ .do ___ _

Direct current motors and generators, 1-200 bp:, I New orders, gross ___________________ thous. of doL_ Billings_ .. --------------------------------- __ do ___ _

124 27, 468

155

37, H37 35, i42

5, 65i 6, 294

47. 4 3i. 7

158. fi 4. 4

14S. 8 5. 3

fl9. 5 9. 8

52.7 3i. 0

89. 1 l\4. I 22.8 2.1

252.9

1.4 4. 2

44. i 43.4

lli2. i 3. 9

!52. 4 6. 3

100.7 9. 5

55.5 35. 7

86.3 li3. ,\ 21.0 1.9

246. i

1.7 4. 6

43.8 46.3

181.8 3. 5

171.5 6. 8

132.1 12. 7 73. I 46.3

U5. 0 70.3 22.9 1.8

2,52. 6

34. 2 19.9

127. 4 23i. I Hi6. 6

. 9 . 9 .9 3.3 2. 2 1. 9

3til 270

1, 4i2

41.05 3!\.10 31.30 2.5. 80

:J. 4

282 206

1, 429

45.40 40. 0,\ 36.05 29.85

3.8

426 266

1, 89i

51.55 46.70 45. i5 39.40

3. 9

24~. 4 71.8 20.5

4!1.(\

.\. 0 5. 5

240.2

14S. 8

.5. 6

2. Gi2

120.8 106.2

242.5 2HS. 5

1, 124. i 43i. 0

63.2

130 34, 764

I, i91 I, 3i6

134.6 li2.6 140. 5 148.3

271.4 346. 6 297.8 329. i

I, 125. 4 21, 347. 6 459. 5 2 494. 0

65. 8 i7. 9

138 26, i89

152 25,8.16

164

41.089 38.188

8, 271 5,169

1.8 4. i

43. 5 !'J3. 2

175.6 4. 0

!fi4. 8 ti. 8

131. I 18. G if>. R 30.7

Hi. 6 74. f)

21.1 1.9

248. I

1.1 5. 3

48.2 52. 2

170.3 2. 4

Jfil.3 6. 5

122. I 20.9 63.4 3i. 8

100.6 i5. i 23.2 l.i

227.6

1.4 5. 4

68.4 .51. 9

183.3 3. 9

1i2. 4 i. 0

200. i 2i. 3

126. G 46.9

IHI.3 89.4 26.9

3. 0 236. i

40.5 19.9

154. 2 !.5i. 0 125.1

1.5 3.1

1.2 1.0 6. g 2. 5

440 295

2, 155

53.20 46.90 45.00 38.25

3. 9

361 292

1, 760

48. iO 45.55 41.00 36.30

3. 9

574 384

2, 040

li5. 40 60.10 .50. 05 44.95

4. I

372.6 107. 4 3o. 3

70.1

6. 7 7.0

285.3

182.6

7.3

1, 437

136.1 13.5. 7

31i. 4 274.4

1, 040.2 389.3

68.0

166 31,654

I, 593 2,118

133.4 151.4 140.5 138. 8

257.3 276.0 277.9 341.9

I, 039. 6 2 1,430. 2 431.9 2 5il. 0

69. 4 77.5

153 35,037

153 46,100

4i, 36i 46.848

7, iS! 6, 641

1.6 4. 8

54. I .1)2. 7

156.0 3. g

145.5 6. 7

232.5 32.5

146.0 54.0

12(L 5 94. g 28.3

3. 3 234. 7

1.7 4. 6

!).5. 4 50.8

186. D 3. 8

176.6 6. 5

303.8 42.2

196.5 65.0

1.\1. 2 110.8 3.\. 4

4. 9 241.2

110. 7 134. I

2. 2 1. 6 6.2 5. 7

579 400

1, 916

63.40 53.25 40.60 37.00

4. 6

355 2i3

2,161

52.20 4i. 05 40.30 35.35

4.8

5. 7 6. 2

2, 556

129.2 116.4

221.2 318.1 829.0 350.4

iO.O

131 39, 126

2, i28

116.6 104.5

268.5 359.8

1,009. 4 54i. 4

74.0

145 29,926

2. 3 3. g

iH. :J 42.7

222.4 5. 2

210.3 tl. 9

344.5 5.5. 5

22.\. 5 63.5

170. 7 120.9 43.9

6. 0 231.5

3fi. 4 21.9

131.3

1.8 1.6

433 386

2. 226

,58. 8.5 50.10 46.15 42.25

4. 9

11i.l

5. 5

2, 889

15i. 2 131.9

305. 1 394. 1

'1,981.2 '808. 3

87.0

160 20,192

169

2. 3 :l.3

77. G 39.9

208.8 5. G

194. 5 8. i

332. i 50.2

224.9 5i.6

172.3 12.5 .• 5 41.2

5. 6 262. i

I ______ ___!

181.8 (') 168.6

4 13.2

229.5 31.1

!f\5. 6 32.8

120.9 91.1 26.5

3. 2 190.3

140.8 131. 2

3.0 1.4 1.6 5. 9 4. 1 5. 2

621 400

2, 520

f>6. 65 51.15 51.50 46.15

5. 1

1 50.8

5. 8

3,069

143.4 '112. 6

330.9 3i4.1

I, 795.7 706.6

88.5

164 10,248

561 443

2, 462

'54. 25 '44.10 '46. 60 '41.10 "5. 2

130.6

5. 5

'2, 799

144.0 •93. 5

.)48 408

p 58.80 P48. 35 p 63. 70 p 55. 5!\ p 3 4. 8

1 37.3

2, 465 ---------

p 113.0

290. I 293.8 312.8 264.2

I, 346. l '21.553.3 • I. 352.8 560. 8 '2 503. 2 p 524. 9

82.3 84.0

141 13,016 39.063 ---------

39,628 114,4iO 112,843 ------------------39,981 --------- --------- --------- ---------

~: ~~~ 1--1-=~~~~- --1-~~:~~- ::::::::: :=:==::=: ' Revised. • Preliminary. I Data are for month shown. 2 Represents 5-weeks' production. • Shipments of coal and wood stoves are included with liquid fuel types.

' Estimated backlog for metal-cutting tools only.

6Beginning January 1959, industry estimates are based on revised inflatinv factors and are not strictly comparable with earlier data. ci'Includes data for built-in gas-fired OYen-broiler units; shipments of cooking tops (for use with the ovens), not included in figures above, totaled 33,400 nnlts (4-burner equivalent) In

November 1959. <;?Includes data not shown separately. !Revisions for gas heating stoves (January-June 1958) and warm-air furnaces (January 19.5i-Jnne 1958) are available upon request. New series (from Board of Governors of the Federal Reserve System); monthly data for January 1947-November 1958 will be shown later.

0Data exclude sales of combination washer-dryer machines; such sales (including exports) totaled 14,300 units in December 1959. § Radio production comprises horne, portable battery, automobile, and clock models; television sets include combination models. Data for December 1958 and March, June, September,

and December 1959 cover 5 weeks; all other months, 4 weeks. ,Data for induction motors cowr from 25 to 32 companies; for d.c. motors and generators, from 14 to 19 companies.

February 1960 SUHVEY OF CURHENT HUSI~ESS S-35

Unless otherwise stated, statistics through 1958 and~~~~---------------- ___ _____ _ __ 1 95~----- _______ ,_l960 descrip,tive notes are shown in the 1959 edition of ~ T

BUSINESS STATISTICS Decem- Janu- I Febru-1 March I \pril 11\!ay I June I July I August I ceptem-1 October I Novem-1 Decem- Janu-ber ary ary • · " ' · · - her her her ary

PETROLEUM, COAL AND PRODUCTS

COAL Anthracite:

Production _____________________ thous. of short tons __ Stocks in producers' storage yards, end of mo __ rlo. __ _ Export.s ... -------------------------- _______ _ do_._ Prices:

Rdail, sto:vc, composite. ______ doL per short ton __ Wholesale, chestnut, f.o.b. car at mine _____ - do.- --~

Bituminous: Production _____________________ thous. of short tons lndustrial consumption and retail deliveries, total?

thous. of short tons_ Electric power utilities______________ __ rio __ _ Railroads (class!)___________________ do __ _ l\1:anufactnring- and mining industries, totaL .do ___ _

Coke plants (oven and beehive).-. do __ _

Retail delivcriPs to otlwr consumer:<. __ .. do ...

Storks, industrial and retail dC'alPrs', C'nd of month, totaL______ _ ________ thous. of short tons ..

Electric power utilities. __________ . ______ .... do. __ . Railroad:< <class I)__ _________ __ ____ do __ _ Manufacturin~ and minlnv Industries, totaL do ....

Oven-coke plants____________________ do.

Retail dealers _________ ----------.----- __ do __ _

1, 9.19 406 192

28.14 14.413

39,799

36,484 1.1, 71.1

363 16,475 7,88.1

3, 900

7fl, 285 48, 7f>2

315 26, 242 12, 9iii

2, 194 329 181

28.26 14.413

3.;, 730

r 36, G87 15,907

339 16, 394 7, 864

4, 044

71,203 45,121

360 24,969 12, 128

1, 557 298 166

28.81 14.966

33,760

33,312 14,002

304 15, 4,1'>2 7, 784

3, 551

69,167 1

43,024 349

25,139 11, 8f>2

6;")5

1, .008 281 108

28. RO 1-1. 763

34,820

34,71\2 14,400

286 17,260 8, 861

2, 802

6fi, 868 !I, 939

337 23,073 11,684

519

1, 503 329 79

28.75 13.391

34,460

30,92,\ 12,632

241 16, 3.S2 8,613

1,634

6.1, 739 42, 292

276 22,686 11,569

I 1, 3881 372

!58

27.44 13.391

34.860

30, 2!'i3 12,718

189 16,174 8, 830

1,018

67,6.19 43,686

266 23,077 11,837

630

1, 683 39.) 106

27.34 13.391

36,010

29,921 13,249

152 15,303 8, 56!

1, 059

70,369 44,932

271 24,369 12,428

797

Exports .. _____________ ---------__________ __do __ _

946

2, 920

16.83

5. 280 7. 841

753

3,142

16.98

.). 332 8.013

2, 288

16.99

5. 334 8.013

2, 824

17.00

48.5

3,148

16.94

.s. 206 7. 359

3, 303 2, 894 Priees:

Rctall, composite ________________ dol. per short ton .. 16. 58 16. 55 Wholesale:

Scrcrnings, indust. use, f.o.b. car at mine_ do ___ . Domestic, large sizes. f.o.b. car at mlnr .... do . _

!i. 341 7. 775 ~:m I ~:m

COKE Production:

Beehive ______________________ thous. of short tons. Oven (byproduct) _____________________________ do __ _ Petroleum coke§ ______________________________ do __ _

Stocks, end of month: Oven-coke plants, totaL ______________________ do ___ _

At furnace plants ____________________________ do __ __ At merchant plants ______ ----------- ________ do ___

Petroleum coke ___________ .------.-.--.-.--.--. do ___ . Exports _________ . __ -----------------_-----.---_- do __ Price, oven foundry coke (merchant plants), f.o.b.

.Birmingham, Ala ______________ dol. per short ton_

PETROLEUM AND PRODUCTS

84 5, 437

687

3,813 2, 411 1, 402

964 33

28.85

82 5, 533

683

3, 793 2, 366 1, 427

995 29

29.23

92 f>,437

636

3, 709 2, 274 1, 43.1 1, 041

31

30. 3.5

'141 6, 262

736

3, 587 2, 158 1, 429 1,094

33

30. 3.5

'162 6, 074

617

3, 423 2, 042 1,381 I, 094

35

30.35

'143 6, 244

693

3,154 1, 835 1, 320 1,131

61

30.35

Crude petroleum: Oil wells completcdf_ ______________ - ----- number. 2, 338

3. 07 247, (i.~O

Sf>

2, 427 2. 97

255, 124 88

1,853 1,99!) 2,209 2,149 Price at wells (Oklahoma-Kansas) _____ .dol. per bbL 2. 97 2. 97 2. 97 2. 97 Huns to Rtillst__________________ -- tlwus. of hbL. 227, 562 2!>4, 422 23ii, 982 244, 789 Refinery operating ratio ___ ._._. pcrcmt of capacity_ 87 88 84 83

All oils, supply, demand, and :<tocks: I !\'cw supply, totalt_____ __ thous. of bbl. 315, 91i4

Production: Crudepctroieumt, _____________________ do __ ,221,27i Natural-gas liquids, benzol (blended), etc.tdo__ 27,17.1

Imports: 1

Crude petroleum ___________ --------- _____ do._ .. , 33,434 Refined productst .. ____ . ______ ----------_.do____ 34,078

Ohange ha stocks, all oils (decrease,-) ....... do... -42, 50V

315, 524 292, 471

223, 926 201, 43o 26, 697 25, 091

28,664 36,237

-35,136

29,467 36,478

-2,628

318,918 286, 201

222,839 217,685 27, 328 26, 162

28, 113 40,638 7, 295

22,270 20,084 6, 766

Demand, totalt ____ -- ___ -- _ ---------------.- .. do ..... 358, 4 73 350, 660 29.5, 099 3!1' 623 279,435

230 7, 963

271,242 124,917

f, 980 47,682 45,130

Exports: Crude petroleum ___ -----.-------------. ___ .do __ .. Refined prodnctst----------------------- . .do __ __

Domestic demand, total>' t------------------ do. __ _ Ga.solinei----------. _ ------------------- __ .do. __ Kerosend ____ . ____ . ---------------- _____ do ___ . Distillate fuel ollt-------------------------do .... Residual fuel oilt.------------------------ .do ___ .

Jet fueU.----------------------------------do. __ _ Lubricantst-- __ ---------------- _________ ._do ___ _

tfg~~A~~ gas-esc::::::::::::::::::::::::~~:::.

74 6, 784

351,615 121, 465 17,613 97,618 62,906

8,116 3, 439 3,896

22,128

352 7, 998

342,310 114,720 17,997 95, 234 62,940

8,086 3, E04 3j 635

22,710

97 6,439

288,563 99,759 13,113 74, 102 57,436

7, 203 2, 746 3,160

17,864

178 7, 297

304, 148 1!8, 995

10,693 67,218 59,281

7, .168 3, 799 5, 798

16.617

8, 589 3, .177 6, 971

14,787

Stocks, end of month, totaL ________________ _cto____ 788,796 754,390 751, 762 759,057 765,823 Crude petroleum.-------------------------- .do____ 262, 730 258, ios 260,040 254,940 257, 564 Natural-gas ilqulds __________________________ do____ 22,752 18,008 17,6.11 19,524 22,589 Refined products ______ --------------------- .do____ 503, 314 478, 274 474,071 484, 593 485, 670

Refined petroleum products: Gasoline (Incl. aviation):

Productiont. ___ - --. _ ---------------------._.do .. __ Exportst .. ___ .------------------------------do. __ . Stocks, end of month:

Finished gasoline. ____ .• --------------_. __ .do. __ . Unfinished gasoiiRe _____ ------------- ______ do. __ _

Prices (excL aviation): Wholesale, refinery (Okla., group 3) .. doL per gaL Retail (regular grade, excL taxes), service stations,

55 cities (lst of followhag mo.) .... doL per gaL

129,677 2,112

174,526 12,234

.116

. 206

127, 508 1,575

187,472 11,603

.115

. 210

111' 523 126, 219 118, 105 I, 682 1, 262 2, 243

197,468 204,648 197,841 12,899 13, 964 12, 554

.115 .120 .120

• 211 . 213 I • 211

296,418

223,806 26,638

29,089 16,885 33,453

262,985

267 7, 067

255, 651 127,049

4, 013 37,474 37, 776

7,476 3, 831 9, 367

13,632

799,256 264,525 27,210

507, 521

123,879 2,002

193, 106 12,534

.120

. 212

r 125 5, 923

724

2, 900 I, 643 1, 257 1,178

41

30.35

2, 368 2. 97

239,607 84

295, 505

212,489 25,950

36. 147 20,919 17,313

278, 192

192 7, 600

270,400 133,695

4, 552 36, 438 40,442

7, 914 3, 900

12,562 14,839

816, 569 272, 505

29,976 514,088

124, 580 1, 814

183,022 13, 056

.115

.213

' Revised. v Preliminary. 9 Includes data not shown separately. § Includes nonmarketable catalyst coke.

I, 142 411 119

27.48 13.811

24,260

2f\, 217 13,391

133 11,319 5, 136

1, 248

ll5,374 43,493

249 20, 700 9. 278

932

3, 677

16.65

5.175 7. 585

r 68 '3,489

663

'3,164 '1, 828 'I 336

1:203 41

30.35

1, 515 442 108

27.49 13.811

29,940

24,982 13,806

131 9, 318 3,009

1, 622

66,596 45,376

246 19,912 8, 442

1. 062

4,001

16.72

5.171 7. 724

'50 r 1, 789

670

r 3, 788 r 2, 274 r 1, 515

1,185 29

30.35

1, 726 467 217

27.40 14.231

32,400

24,698 12,987

137 9,2(}! 2, 789

2, 281

68,732 47,680

24f\ 19,733 7, 927

l, 073

3, 509

16. 9.5

5.184 7. 822

'37 r 1, 739

685

'4,333 '2, 680

1,1.52 1,163

a2

30.35

1, 709 470 180

27.40 14.651

34, 770

26,242 13,380

186 9,678 2, 600

2,881

72,663 49, 758

246 21, t:81 9, 374

1, 074

I, 763 44!) 213

27.74 14.651

'35, 920

'32, 128 14.084

242 14,41.1 6, 201

3,267

'74, 653 50, !'Gl

233 '22, 738 '10,128

1,121

'1, 8fi0 429 153

27.82 p 14.651

39,940

31\,922 l.\223

2flf\ 17, f)(\7 8. 65.\

3, 731

71\, ].12 50, 107

22.5 24, 7\lO 11,445

l. 030

3, 111 2, 481 2, 858

17.10 17.12 17.14

5.202 '.5.192 •5.192 7. 838 7. 944 p 7. 956

39 1,801

683

4,830 3.101 1, 729 1,096

50

30.35

65 4, 270

672

'4, 988 ':), 227

1, 760 1, 114

35

30.35

89 6, 052

4, 50.\ 2, 819 1,686

42

30. 3.)

2, 447 2. 97

244,316 83

2, 114 2, 189 2, 076 2, 552 2. 97 2. 97 2. 97 2. 97 p 2. 97

250, 508 236,326 237, 066 239, .117 85 83 81 84

280,418 282,365

210,311 26, 190

27,510 16,407 2. 610

209,733 26,539

29,943 16, 150 13, 291

282,880 '289, 343 291, 94fJ

205, 700 214, 248 209, 449 26, 033 ' 27, 456 27, 018

29,486 21,661

185

30,355 17,284 13,259

29,421 25,458

-9,38tl

277,808

174 7, 264

270,370 137,141

269,074 282, 695 '276, 084 301,332

6,063 34,161 36,068

8,983 3, 671

13,440 15,165

237 6,698

262,!39 132,875

4, 370 31,457 34,705

9, 233 3, 567

13, 721 16, 563

819, 179 832, 470 264, 994 253, 091 31, 296 31, 820

522,889 547, 559

127,991 2,056

172,755 12,539

.110

. 217

130,366 1,398

170,543 11,378

.120

. 218

151 6,653

275,891 130,264

7, 871 42, 6U4 37,874

10,994 3, 737

12,724 15,994

832,655 250,996 32,759

548,900

123,344 1, 781

163,247 10,881

.118

. 214

258 7, 287

'2fi8, 539 120, 858

8, 059 46,075 38,370

9,364 3, 797

10,267 ' 18, 541

845,914 257,487 31,942

556,485

121,865 1,688

162,780 11,497

.no

.207

132 5,453

295,747 llf1,0.55 11,723 65, 89!\ 50,155

8. 767 3, 255 6, 225

21,106

836,528 255,953

29,135 551,440

122,843 ---------1,537 ---------

.105 p. 103

• 211 . 207

1,1\34

35, 82fi

30. 3.\

. 21)3

t Revisions for 1958 will be shown later as follows: Oil wells completed (August anrl September); domestic demand-jet fuel (February-September); lubricants (January-August); for all other Indicated items (January-September).

S-36 SURVEY OF CliRRENT BUSINESS

1959 Unless otherwise stated, statistics through 1958 and ~-~~- --descriptive notes are shown in the 1959 edition of Decem Janu I BUSINESS STATISTICS ber - ~ry- F~~~-"-ll\lurch I April I l\[ay ! June I July I

19/lO

1.\ugust I Septem-1 October I i'lovem-1 Decem- -];;;;-:-

- her · ber ber ary

PETROLEU\1, COAL, AND PRODUCTS-Continued

PETROLEUM AND PRODUCTS-Continued

Refined petroleum products-Continued Aviation gasoline:

Production ________________________ thous. of bbL. Exportst _ ----------------------------- ______ do ___ _ Stocks, end of month ________________________ do ___ _

Kerosene: Production. ________________________________ .do ___ _ Stocks, end of month ________________________ do ___ _ Price, wholesale, bulk lots (~.Y. Harbor)

dol. per gaL. Distiiiate fuel oil:

Production __________________________ thous. of hbL_ Importst--------------------------- ________ _r!o ___ _ Exports!. ___________________________________ clo ___ _ Stocks, end of month ________________________ do ___ _ Price, wholesale (N.Y. Harbor, !\o. 2 fuell

dol. per gaL_ Residual fuel oil:

ProdtiCtion ___ --------------------- __ thons. of hhL_ Importst. __ ------------------------ ________ .do ___ _ Exportst. ______________ --------------- _____ .do ___ _ Stocks, t)nd of month_~ ______________________ do ___ _ Price, wholesale (Okla., :\'o. 6 fue!L .dol. per bhL_

.Jet fuel: Production ____ --------------------- .thous. of bhL. Stoeks, end of month ________________________ do ___ _

Lubricants: Produetion __________________________________ do ___ _ Exportst. __________________________________ .do ___ _ Stocks, end of month ________________________ do ___ _ Price, who!Psale. bright stock (mi<lcontinent, f.o.b.

•rulsa) ______________________________ dol. JWr g,\L_ Asrhalt:

Produ('tion _____ ----··--- _____________ thous. of hhL_ Storkst t'nd of month ________________________ do ____ _

Liquefied prtrolpum g-nsr.s: Production _____________________ ··- ___________ do ___ _ Transfprs frotn gasoline plantst ______________ do ___ _ Stoeks (n.t plants, tPrrnin:lls, undrrgronnd, and at

refineries), end of nwnth __________ thons. of bhL_

Asphalt and tar products, shipments: Asphalt roofing, t.otaL ___________ thous. of sqrwrt•s __

Roll roofing and ""P shr<'L __________________ c]o ___ _ Shing!<-s, all types __________________________ c]o ___ _

Asphalt. siding ________________________________ ()o ___ _

Insnh1trd si<linp _____________ -------- __________ do ___ _ Asphalt bonn! products _____________ thous. of sq. fL_ Saturated frlts ___________________________ short tons __

Pl 1LPWOOD AND WASTE PAPER

Pulpwood: Re<'t•ipts _________________ thous. of cords (128 cu. ft) __ Consumption ________________ ---------------- .do ___ _ Stocks, t•nd of month __________________________ do ___ _

\Ynstf> pupt'r: Commmption ___________________ thous. of short tons __ Stoek~. t'IHl of month ______________ ------- _____ do ___ _

WOOD PUI,P Production:

Total, all grades ________________ thous. of short tons __ Dissolving and special alpha _________________ do ___ _ Sulfate _____ ----------- __ --------------- ____ .do ___ _ Sulfite. ______________________________________ do ___ _

OroundwoocL _______________________________ do ___ _ Defibrated or exploded.--------------- _____ .do ___ _ Soda, semichrm., screenings, damaged, etc"_do ___ _

8toeks, end of month: Total, all mills. __ -----------------------------""----Pulp mills ___________________________________ do ___ _

Paper and board mills _______________________ do ___ _ :\"on paper mills. ____ -------------------- ___ .do ___ _

Exports, all grades, totaL ___ ------------ _______ .<lo. __ _ Dissolving and special alpha ____ ----------- ... do ___ _ All other __ ------------------------------------do ___ _

1m pons, all ~rades, totaL _______________________ do ___ _ Dissolving and special a!plla __________________ do ___ _ All other ________ ------------------------------do ___ _

PAPER AND PAPER PRODUCTS I All paper and board mills, production: _

P'W~~e~~:l_ ~~~~~·-~~~~~--~::::::: ~~~~~~--~~ ~~-~·-t-~~~~:: ~· Paperboard ... _______________________________ do ___ _ Wet-machine board _______ -------------- ____ do ___ _ Construction paper and boanL _____________ do ___ _

IO, 690 I, 451

12,300

11, 593 26,040

.109

60, 595 1, 771

986 125, 101

.104

34,246 23,165 1,8I4

59, 508 1. 60

6,982 5,871

4, 692 978

9, 687

. 230

4, 524 9, 757

5, 602 16,467

I7, 323

2, 391 8.oi

1, 540

59 68

1,058 54,392

2, 8-39 2,8I3 5, 942

692.5 469.8

1, 754.3 77.7

981.6 I94. 0

235.0 93.1

172.8

878.4 248.8 543.8 85.9

40.3 18.8 21.!)

198.5 15.3

183.1

2, 513 1,125 1, I5I

11 225

10,269 823

13,186

12,978 2I, 090

.112

66,124 1, 556 1,261

96,849

.107

34,622 26,153 3, 234

55,214 1. 70

6,112 6. 257

4, 360 1, 051 9, 494

. 230

4, 510 11,252

5,171 17, 383

11,956

2, 698 1, 029 1, 669

54 76

950 58,927

9, 9791 1, 117

14,437

11,686 19,725

. 117

60,458 1, 585

856 84,071

.112

31,493 20,354 2, 345

54, 178 1. 90

6,218 6, 499

3, 941 91\1

9, 728

-230

4. 379 12. 72o

5, 353 12,784

11, 154

3, 365 1, 22I 2,144

67 69

1,094 66,678

I 9, 845 I

746 I 14,884

9, 484 18, 688

.117

61,610 3. 467 1, 427

80, 662

.112

32, 569 31,409

2, 703 57.210

1.90

7, 958 7,879

4, 652 1,174 9, 407

. 230

6, 7fl9 14,270

il, I34 10,813

13.318

6, 950 2, 524 4, 426

110 107

1, 484 120,9613

10,099 1,.118

14,408

8. 259 21,003

. 112

52,181 1,877

951 86,222

. 107

28, 104 14, 984 2, 572

53, 327 1. 80

i,IM 7, 842

4, 751 1, 4!1 9. 170

. 230

7, n74 15,235

,), SGI 9, 314

17, o.s1

3, 98.o I, 379 2, 60{\

531 143 2, 206

80.148

10, 567 I, 408

I4, 325

7, 574 24, 597

.107

54, 295 811

'1, 122 102, 863

.102

27,874 13,861

1, 950 55,821

I. 80

7,060 7, 9GO

4, 754 I, 181 8, 912

. 230

9, 281 15,351

5, 771 8, 251

21, 737

4, 749 1, 568 3.I82

62 159

I, 870 83,830 1

10,828 1,180

14,623

7,314 27,364

.10I

53,745 1,841 I,182

I20, 962

. 096

27,448 14,671

2, 499 55,479

I. 60

7, 331 7, 995

4, 615 1, 231 8, 396

-230

10,582 14,228

5, fi361 9, 504

21, 544 1

f: ~gg I 3, 743

69 I !5(i I

2, 087 93,477 I

PULP, PAPER, AND PRINTING

3,174 3,165 5, 931

7I2. 9 463.4

1, 961.0 93.8

1, lll. 3 207.1

265.5 98.0

I85. 3

90fl. 6 271.1 552.7 82.8

53. 1 22.I ao. 9

215.9 ll.4

204.5

2, 707 I,213 I,239

12 243

2, 962 2, 942 5, 952

745.9 449.5

1, 836. I 90.2

I, 044.8 184.3

243.4 91.8

181.5

900.4 272.5 548.3 79.6

43.0 22. 1 20.8

181i. 1 I2.4

17·3. 7

2, 621 1, 145 1, 222

ll 243

3,040 3, 255 5, 740

794.4 455.8

2, 039.6 94.4

I,153. 7 213.0

2f>4.0 I09.0 205.4

924.1 298.2 546.6 79.3

47.9 27.0 20.9

180.3 12.4

167.9

2, 867 1, 239 1, 335

12 281

2, 805 3, 314 5, 20.S

786.8 471.5

2, 060.I 90.0

l, I81. 4 210.9

267.2 105.9 204.7

916.4 292.4 545.3

78. i

52.7 20.5 32.3

213.7 I5. 9

197.8

2. 958 I 1,294 I,352

13 299

2, 950 3, 285 4, 835

783.6 489.0

2,090.0 86.6

I, 207.2 207.6

271.5 106.7 210.2

950.9 317.9 555.6 77. 5

37.2 21.8 15.4

200.9 13.0

187.9

2, 925 I, 277 I, 344

1a I 291

3,117 3, 286 4, 670

793.6 491.7

2, 055.0 94.2

I, I7l. 7 199.5

265.5 ll1.8 212.2

932.9 306.4 546.3 80.2

55. 7 24.0 31.7

214.3 14.0

200.3

2, 921 1, 258 I, 353

13 297 !

10,930 I. 356

12,887

6, 967 28,328

.101

53,279 1, 055

88{) 140,388

.096

25,.514 11, 272 2,145

c4. 5o~ 1. 60

7, 974 7. 995

4, 95R I 1. 281 8. 402 '

. 230

Il. 5t.o 12,853

.~. (Jf,7 9, 875

21>, 819

6,163 2, 079 4.083

88 176

2, 280 102,080

3, 215 3.075 4,822

695.9 542.9

10,947 736

12,793

7. 264 31.221

.098

55,921 818

1, 673 164, 134

.093

27, 39:J ll, 764 1, 554

ii7, 855 1.60

9,044 8, 433

4. 59~ 1, !54 8. 274

. 240

11. 40C. I!. 40~ i

1~:~~g i 27.961

5. 916 2.112 a,so4 I

87 I

H\81 1, 721 87, 528

3. 536 3, 424 4. 920

796.2 513.9

I, 912.5 2, 129.6 76.0 95.0

1, 091. 5 1, 2I6. 0 182. 1 209. 3

251.3 107. 7 203.8

914.2 288.4 547.2 78.6

57.2 24.2 32.9

214.3 12.0

202.3

2, 676 1,166 1. 203

2~~ I

270.2 116.2 222.8

900.I 234. 1 542.6

73.4

57. 1 23.3 33.8

189.9 15.4

174.6

2. 955 l, 268 1,373

15 300

10, 186 1, 226

12,062

8,305 31,562

.098

52,355 1,181

979 174.148

.093

25,581 15.312 1,887

59,429 1. 40

8,199 7. 937

l, 867 l, 02t) 8. 378

-240

10,655 9, 986

10,022 955

11,715

8,886 32,396

.098

53,816 675 883

181,840

.093

26,949 13,487 2, 403

59, 506 1.40

8, 788 8,044

4, 934 I, 278 8, 237

. 240

9, 424 9. 579

5, 375 5, 538 10.882 '13.22\J

29.095

f), 525 2, 430 4,095

!09 I65

2. 211 95. 489

3, 337 3. 210 .1. 062

784.5 524.5

28,286

7, 255 2, 774 4, 481

124 14!\

2,049 110,144

3,448 3,531 4, 961

815.5 549.6

1, 999. 8 2, 187. 7 98.0 96.7

1. 123.4 I, 259. 3 195. 2 221.3

255.3 112.6 215.2

855.7 251.6 531.5 72.6

76.0 36.4 39.6

191.8 15.9

175.9

2,845 1,218 l, 3I5

12 299 i

277.0 116.6 216.7

857.3 256.3 522.7

78.3

46.7 15.0 31.6

198.1 I6.4

181.7

3, 088 1,358 1, 405

14 312 I

9 .. 109 954

12, 2oa

9, 992 30,701

.098

55.044 822 849

171,114

. 093

29,147 21,050

1, 339 58, 587

1.50

p- !03 --------·

p- 098 ---------

8,186 1------- - ---------8, 435 '---- -----

4,7181---------1>08 ---------

8.792

. 240

6, 62~ 10,224

p. 2.)0

5. 5731 _________________ ..

15,470 ------------------

25,190

3, 771 1

1, 44.1 . 2. 32(1

77 '93 94G

66,664

3,208 '3, 268 '4, 905

745.8 552.3

1, 989. R 92.6

1, 132.5 201.5

260.1 96.9

206.1

'874. 8 '270. 0

526.3 78.4

45.3 16.8 28.5

232.8 16.6

216.2

'2. 804 1, 227 1, 31!\

12 i '2.o0 I

2, ,81 1.021 1. 8fi0

,')2 ;')g

~22 61, (j~;)

3, 292 3, 042 .5, 203

721.4 578.3

1, 894.2 84.2

1,046.8 203.0

263.2 91.6

205.3

856.5 244.7 533.0

78. i

80.7 33.4 47.3

203.8 18.3

185.5

2, 653 1, 207 1.198

13 23.~

' Revised. • Preliminary. ~Revisions for 1958 will bt• shown later as follows: Aviation gasoline exports, distillate fu"l oil imports, residual fuel oil imports, transfrrs from gasoline plants (January~S(•ptemher): dis·

tillute furl oil exports (.January-May and September); residual fuel oil exports (May and June): lubricants exports (January~.~ugust).

SURVEY OF CUHRE~T BUSINESS S-37

1959 Unless otherwise stated, statistics through I958 and ~_1_~-~----·­

descriptive notes are shown in the 1959 edition of . Decem- Janu- I ~""ebru-BUSINESS STATISTICS , ber ary ~ry March I April I May I June I July 1

1960

I i\.ugust 18eptem-1 October I Novem-1 Decem- . Janu-• ber ber ber ary

PULP, PAPER, AND PRINTING-Continued ---------------------,-- ---,---,---,----,,---,---,---~---

PAPER AND PAPER PRODUCTS-Continued

Pa.per, except huilding paper, newsprint, and paper-hoard (American Paper and Pulp Association):

Orders, new 9------------- .thous. of short tons __ Orders, unfilled, end of month<;> _____________ do ___ _ Production _____ ------------_. _______________ do ___ _ Shipments<;>------------- ____________________ do ___ _ Stocks, end of month<;>------------------ ____ do __ _

Fio~J~~r.e~;ew _________________________________ do __ -I ?,~~~,~~~tf~:1~~1~~:-~~~ ~!-~~~~:~~~:::::::::: :: ::)~:: :I Shipmcnts ___________________________________ do __ .

1

Stocks, end of month ________________________ do __ Printing paper:

g~~l6~~: ~;,~ile<i;eii"Ciiii"fficifiii:l_~:::::::::::::~~::: I Shipmf'nts ______ ------- __ ------ _____________ .do __ _ Production _______ --------------- ___________ .do ___

1

,

~tocks, end of month ________________________ do __ _ Price, wholesnJe, hook paper, uAn gradt>, English

finish, whitr, f.o.h. milL _______ dol. per 100 lh __ Co<.lrse paper:

Ordrr~, new __________________ thous. of short ton:-: __ Orders, unfilled, end of month _______________ <lo __ _ Prnduction ______ --------------------------- _<}o ___ . ::;:hiptncnts ___________________________________ do ___ _ Stocks, end of month ________________________ do ___ _

~~wsprint: Canada (incl. Ne\\'foundland):

Production _____________ ---- _______ -------- __ do ____ 1 Shipments from mills ________________________ do ___ _ Stocks at mills, end of month .•...••...•..•.. do ___ _

United States: Production ___________________________________ do ___ _ Shipments from mills ________________________ do ___ _ Stocks at mills, end of month .....•.•...•.... do. __ _

Consumption by pnblishersc?'---------------do ___ _ Stocks at and in transit to publishers, end of

monthc?' ... _______________ thous. of short tons __

Imports ______ ------ __ ------- ________________ do ___ _ Price, rolls, contract, de1ivered to principal ports

1 dol. per short ton __

Pnperhoard (National Paperboard Association): I Orders, ne1v ____________________ thous. of short tons __ Orders, unfilled, end of month ________________ do ____ l Production, totaL.------------------------- .. do ____ ,

Percent of activity_------------------------·- __ _ Paper products:

,;;,;,hipping containers, corrugated and solid fiber, shipments ________________ mil. sq. ft. surface area __

Fol<ling paper boxes, in <lex of physical volume: Consumption of boxhoard __________ 1947-49=100. _

1

Shipments of boxe;~;~~;~~-----····-··---do. __ _

B~~J'~,~~~~:~~~:~~~~~~~~~:~~~~~~~~~-~~-~~~~:_e_<~~~~~~:~::l New cc!Jtrons .. _ ------- ...........•.•.•.. ____ ._do_. __

\

819.5 640.3 986.8 797.5 537.8

115.3 ()f).{)

138.0 IJ8. 7 145.9

34.5. 5 394.8 329.0 329.3 226.6

15.95

298.0 131.0 298.0 294. g 96.6

476.2 494.3 184.7

144.7 148.8 16.5

394.3

651.7

432.1

134.40

I, 249.1 40.5. 3

I, 203.0 81

7. 967

122.7 129.1

I I, 728 l 1, 411

I 317

923.2 601.6

1,0M.7 873.3 534.0

149.2 78.6

138.4 141.9 131.3

384.0 329.3 3DR 2 353.2 236.5

1.5. 95

.330. 4 147.5 320.6 319.8 101.1

491.1 46-5.9 209.9

Hl5. 7 155.1 27.1

394.9

651.8

341.6

134.40

I, 168.6 375.6

1,196.0 89

8,391

133. 1 116.8

469 368 101

900.0 669.6

1,000.2 836.3 542.4

146.9 89.7

135.9 137.5 129.6

370.4 :160.8 329.1 326.8 238.8

15.95

327.1 168. 1 311.7 316.2 103.2

466.0 416.2 259.6

149.6 155.0 21.7

384.5

636.3

351.6

134. 40

1,25.0.9 423.7

1, 2!.5. 2 93

8, 118

139.1 117.2

1,073 873 200

975.0 704.6

1,082.1 897.3 540.0

158.3 101.6 148.0 148.5 129.1

418.1 391.2 370.6 3G2. 5 246.9

15.95

332.2 159.5 327.9 324.9 97.7

511.9 453.2 318.3

161.8 11l9. 2 24.3

457.7

578.5

410.3

134.40

I, 381.1 498.7

I. 346.2 H3

8, 982

146.6 133.9

I I, 574 '1, 334

l 240

1, 009.2 761.3

1, 142.7 950.3 552.7

162.2 109.7 152.0 !50. 3 128.2

437.8 430.5 :l83.8 382. (i I 248.0

16.28

343.5 164.8 3:;2.2 353.8 105.7

534.6 577.5 275.4

161.3 168.6 16.9

466.5

567.9

430.7

134.40

1,384. 2 .107.4

1,351. 2 94

9, 208

138.3 123.9

1, 299 1, 022

277

934.5 722.4

I, 111.6 934.4 5.13. 6

140.5 102.0 149.2 148.9 127.3

386. g 407.8 37g. 6 376.4 2.oo. 3

16.28

346.6 161.4 346.5 343.2 104.6

551.3 589.1 237.5

172.4 166.8 22.5

484.2

562.4

477.0

134.40

I, 388.8 4H7. 8

1,388.0 93

9,121

132.2 122.6

1, 280 968 312

939.3 741.3

1,099. 9 932.5 551.2

146. n 103.4 151. I l.ol. 2 130.2

393. R 435.3 379.2 381.4 248.0

16.28

334.2 153.3 339.4 335.9 105.9

534.2 535.6 236.1

11l7. 9 161.4 29.0

428.9

579.8

458.2

134.40

1,375. 2 478.6

1,386. 7 96

9,121

137.2 129.2

I 1, 500 t I, 120

l 380

899.0 785.2

1,022. 5 853.4 541.2

134.4 104.8 129.3 129.3 120.3

39.o. o 476.4 301.1 358.9

'2.10.1

16.45

318.3 160.9 315.4 313.1 108.9

535.8 M7.0 224.9

149.2 156.5

21.7

400. I

625.8

434.1

134.40

1,282.4 550. (\

1, 209. 5 85

8, 908

134.4 122.3

1, 0481 822 226

RUBBER AND RUBBER PRODUCTS

RUBBER .'Jntural rubber:

~to;~f{~:1 ![;1t<i0~{IllOI;t-l~~~ ~-: ~::: _- _-:: _-::::::_-:~~~-g- ~~~~~~ : i~: ~g~ Imports, iuclndinglutcxand guaynle __________ do ___ ! 54.492 Price, "\Vholesnir, ~mokcd sheets (New York) ·

dol. per lh .! Synthrtic ruhber:

~~~~!~~~~tl~(:t:(-)n-_: ~~ :: :_-:: _-::_-_-_-:_-_-_-_-_-_-_-_-_-_-_-_-!~~~-~ (\:~.~-~~- · :-::toek~. Plld of month_-----------------------. _dtj l·:xiJorts. ______________ -------------------. ____ (!t ~

H•'cbimNl rub her: Product ion _______ ----------·----------------- __ do __ Cow;umption. _______________________________ dn _ .. i -'to(·k~, end of month ___________________________ d(

TIRES AND TUBES

P11eumat ic ca:::inp.:~: Production _________ ---------- ___________ thou:-:~mrl:-:.

:-!hipHwnts, total ____ ------------------------_ OriRinnl equipment__.---------------------H(_•plac~·ment. equipment ____ ------------- __ Export_ __________ - ___ -----·-···------------

do_ do._ do_

I I :

.:W9

J(il, t)5;i k1~. 1X9

lS!i, 2X3 17. 1'17

24. ~()() 2x. 3:-n 2\i. Of)3

' f''l2 ~1: ~::17 4. ;·n

124

49,913 82,487 fi4,900

. 301

](18, !i0-1 SV, il3H

1k7, 11•13 17. 7n2

2.1. ill() 2:\, (J02 27. 157

10, 184

47,345 79,657 4'\, 917

.:101

l02, 297 S'/.;{H:J

1:-';'/,l(\l Iii, 143

25, 2P(J 24,471 :n .. "ifl4

10,270

~ •. 5fll 2. c;o.o 5. till

13[i do __ -~

Stocks, C'f!d ofmonth ____________________ . ______ fl.n_ 1 :?LtlSH 2L3~lH ·>':{ fliU j Exports (Bw-. of Census) ______________________ do_ :~~~ 113 101 •... 751

Inner tubes: Production ____________________________________ do_ _ _ :::. 4-~!l 3. 80() 4, 01J4

~~~~k~:·~;,sd_oimO"ntii~:::~~::::::::::::::::::::~l~: :::II ~: m ~: ~~~ ~: ~~~ I Exports (Bur. of Census) ______________________ do ____ , 89 123 69

-------------~~------~-----~----

51,991 78,871 4K, 5R4

. 31!i

Ill. :J~; f'D. 0:'-\\1

JS3, ".Cii :1?. Jfi()

:zu. 010 27, :'.tiiJ 27. [i,<-;2

11, 351)

10. 557 a.:J:ln

1

, 7. 103

!17

:!3. ~n2 I \121

4. 4!1\J I 4. 435 7, t~29

75 I

41. 483 73, 157 44. 347

. :Hil

11),~. 471 i~l, (.;HI

J~2. msfl :.:.). HHO

21, (i';'l •Vl ~1'l,(\

~;: 1~11

H, 1125

10, fimJ ~~. 5!14 7, 297

1/JV

20, S721 103

I 3, 380 I ::s. 9281 7, 21il

77 ! !

38, 777 R2, 983 45, 450

J(J,401 2il, 491) n.GM

7, 79{)

f,, 72G l :l, 2\11 n. a5n

7B

IB, ·~~ I

<) 75') :;: 275 6, 849

80

47, 781) 84, 727 4fi, 048

. 341)

101\, 71t1 ~H. t\!)5

17H, ;,.;n 2H, 1:13

2{), l IH 24, H\','\ 23, -liS

10, 204

!S, OJ'H 7~

3. 683 :l, 872 7.000

63

47,545 so, o.o!l 47. 527

Il-l, :llli tt3 734

1/f< t\(14 2G, 21>1

27 ...... ,::~ :!:1. ~"12 ~[ .• \'-1\J

11,223

10,532 :J, .oSS G, ~:~2

!12

ID, 877 79

4. 345 3, 948 7, 560

54

897.4 707.3

1, 102.8 915. 4 560.4

131.5 88.4

145.0 139.8 I20. 9

374.7 411.8 386.3 383.2 253.2

16.45

329.5 157. 4 334.6 328.6 111.1

541.5 531. 1 235.2

173.8 167.7 27.8

423.0

642.8

434.4

134.40

1, 395. g 507.4

1, 418.7 96

9, 486

136.9 126.9

I 1, 189 I 946 I 243

46, 914 80, 106 4.o. :l.l\l

. :170

Jl!J, U31 HL c;{i

Jx:l.lilG 2~-L i2(j

'25. '276 :.:2. \.114 ~G. lt!i

7.\157 L 2HJ G, .~lJ:)

IH

21,730 91

3. 716 3, 583

7, 8481 67

'896. 7 '709. 3

'I, 067.0 '898. 3 '566.1

'128. 8 79.8

'140. 4 '138. 6

124.4

'378. 8 '408. 0 '376. 7 '374. 0 '255. 8

16. 45

'333. I '173. 2 r 322.G '32il. 4 '109. 5

532.8 5HO. 0 207.5

149.2 155.6 21.3

449.0

660.4

462. 1

134.40

1,367.1 532.0

1, 360.1 93

10,034

137.9 135.8

864 684 180

49,2!i2 78,208 47. n13

. 100

1W,t-<"li Vi.b."•fl I

17:-;, ;-::on : ;)I I tl.)~ ~

:?S, 1:!:1 -;;,_ 1:J7 '27. :384

10,103

9. 29s 1

2. 34.o , 6.819

13.5

22,.142 91

4, 06.5 3, 693 8,334

77

'998.1 '717. 6

'1, 182.3 '981. 2 ' 578. 0

'142. 9 '74. 4

T ]5}. J '144. I '131.4

r 414. 7 '413. 5 '408. 3 r 406.7 '257. 5

HJ. 45

'371.2 '180. 4 '3ri0. 4 '361. 9 '112. 2

593.2 602.6 198.2

177. 3 179. 5 19.2

492.4

646.2

460.5

134. 40

1,463. 5 483.2

I, 479. 7 97

10,584

'134. 8 '137.3

1, 357 I, 148

209

49,049 74,172 48,378

. 410

l2~) ;;:1~ m-.w1

190. !i()'j'

I I. \IS-:1

21'. 25'; 21i. ()~2 27. 39:~

10,884

10,2119 2, !1<>6 I 'i,JfiG I

136

23.151 98

4,392 3, 915 9,088

73

2 798.0 2 611.0 2 830.0 2 837.0 2 505.0

128.0 69.0

137.0 128.0 139.0

31\8.0 --------- ---------

~~~- g 1::::::: ----------~~§.2 =====-~-- ---------1() 45 JJ16 4~ ---------

312.0 W6.0 320.0 3:li. () 108.0

563.3 594.5 W6. g

169.0 1o9.9 18.3

487.5

644.7

538.5 !'i51. R 153.6

167.2 167.3

18. I

459. 1

658.8

488. 8 .513. 4

134. 40 p 134. 40

1, 293.5 438.8

1, 334. 9 94

8, 458

'120. 7 '123.3

I I, 586 I I, 372

l 214

42,039 '78, 503

48,844

22, 52!) 20,217 2h, :,21)

s,3n (), 458 I. 440 4. 898

120

25,133 97

3, 7.06 :l, 097 9,918

71

1,269. I 424. 8

I, 284.11 80

8,650

130.2 132.3

I, 185 fl55 230

42,%0 79. 405 47,413

23, 7:Zil 2'2. ~}(i~! 27. /;)8

9. 6-15

7,\142 3, 197 4. f)f,.)

180

2(i, 933 108

3. 612 3, 135

10, 531l 83

1, 226.3 462.2

1. 2:!4. 1 \l2

8, 4,1)5

110.0

,, 560 3 471

3 89

'415

r HcvJscd. P Prelim mary. I Data for nwntlls notl'Ci cov('r 5 weeks; other months, 4 \\"('Cks. 2 .i'\overnlwr ddt.l exclude estimates for tissue and miscellaneous papers. 3 Beginning January 1960, data are based on a new definition of a book and are not Pntirely com1w.raillc with those for c.Lrlier pe11o<ls. ¥ Data exclude estrmates for "tissue paper." c?' As reported by publishers accounting for ahout 75.5 percent of total ne"·sprint consumption in 1958.

S-38 SURVEY OF CURRENT BUSINESS February 1960

1959 Unless otherwise stated, statistics through 1958 and 1- 1958

_, descriptive notes are shown in the 1959 edition of D cern J· ·~· F 'b · I I BUSINESS STATISTICS ber - ~:~u- ~~r~-~~- \[arch

I

.\ pril I May I J11ne I July 1

1960

I August 18eptem-l October I :'\"ovem-1 Decem- -Janu-ber ter her ary

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Production, finished ceruent_ ____________ t.hous. of bbL Percent of capacity ______________________________ _

Shipments, finished cement _____________ tlwns. of bbL. Stocks. end of month:

23, fi90 70

16,817

Finished _______________________________ . _ .... do.... 30,800 Clinker ______________________________________ .. do ... _ ' 15, 505

CLAY CONSTRUCTION PRODUCTS

Shipments: Brick, unglazed (common and face l

mil. of standard hrick .. Stmctural tile, except facing ___ tho us. of short tons._ Sewer pipe and fittings, vitrified __ . ______ . __ do .. __ Facing tile (hollow), glazed and 11111dazcd

miL brick {'quiv8knL~ Floor and wall tile and accessories, glazt'd and un-

glazed _______________________________ mil. of sq. ft Price index, brick (common), f.o.b. plant or K.Y. dock

1947-49= 100 ..

GLASS AND GLASS PRODUCTS

Flat glass, mfrs.' shipments (qtrly. total) tlwus. of dol..

Sheet (window) glass, shipments ..... ___________ do Plate and other flat glass, shipments. ________ .<lo _

Glass containers: Production ______________________ .. __ thom. of ~ross._

Shipments, domestic, totaL___________ .clo ... General-use food:

Narrow-neck food .. ____ .do Wide-mouth food (incl. packers' tumhl<'rs jPI!y

glasses, and fruit jars). _________ tllous. of gross ..

Revrragr ___ ---------------------------- _. __ do Beer bottles .. ----------------------- ______ .do Liquor and wine______________________ ... do Medicinal and toilet ________________________ do. Chemical, household and IndustriaL ___ .... do Dairy products _________ -------------- ..... do ....

42.o. 8 37.9

l18. I

37 .. o

18.5

137. 1

40, 070 21,181 18,889

10. !il.l

111,50.1

97i

3, 218

804 867

l,O:lO 2, f80

823 206

18,604 55

14,544

34,838 20,364

16.710 . 54

14,943

36,680 25,183

365. I 388.6 38.3 34.6

101.4 99. 8

32.6 28. 6

17.6

137.9

18.0

137.91

11,.004

II, 036

I, 124

3, 297

f"l73 693

I, 137 2, 9c2 I, 107

153

11,416

10,347

1, Q(),l)

3,101

!i49 643

1,097 2, 724 I, 025

143

I I I

I

21. 3?~ 1

1

23,2:,0

37. ill 1

27,662

[)97. 7 40. 1

153.4

30.8

19.8

138.2

.17, 269 28, 438 28,831

11, r.1~

11, 929

I, 208

3, 37!i

961 872

I, 247 3, 000 I, 130

136

29. 0931 88

30. 4z:l I 36,378 27. :-44

685.2 49.8

185.7

36.2/

'21. 7

138 .. I

13,226

12,384

1. 240

3, 271

1, 119 1, 328 I, 222 2, 882 I, 178

144

33,428 96

:l3, 278

36, D27 26. oa7 I

629. I 48.0

182.0

37.6

21. .s

139.1

13.3.14

13, 242

1. 30oi

3. ''69

I, 378 I, 670 I, 240 2, 839 I, 101

140

I

;J:3, 455 100

36,361

33,605 23, 109

737.4 49.6

194.9

38.4

22.2

139. I

78.102 35,186 42. 916

13,713

13, 58.5

1, 316

:J, 8.\0

1,Mi8 1, 432 1, 297 2, 837 1, 148

147

I :l4. 180

99 37, 370

30.415 19,981

723.9 50.8

195.9

40.3

22.3

13\J, 6

13, 757

13. 109

I, 466

3. 753

I, 272 1, 381 1. 291 2,673 1, 114

159

34.800 I 1001 37,lll

28. 102 lfi. 078

686.7 48.6

199. I

36.7

22. o I 139.2 I

14.944 I

HI, 712 i

2, 8.10

5. \!22

I, 054 I, 662 2, 244 4,184 I, 519

277

32. 590 97

3.5. 351

25, 308 13.516

6R9. 6 45.6

194.3

3.5. 5

22.4

139. 1

Ci, 141 34,635 32, .1()6

11.832

12,282

'· fic·91

3, \!09

598 I, 015 I, 289 2, 502 1.107

203

31, 127 26, 100 89 77

32, 5~3 i 22, 219

2:J, 913 27, 794 11, fi81 c 13,169

654.2 44.5

185. (I

38.2

23. D

139 4 139.4

::::::::: :::::::::) I

13, 450 12. 188 i i

II, 87f> 9. 254 1

1, 037

a, 520

626 838

1,402 3,170 1,111

172

853 i 2.100 1

nz.s I 609 887

2, 681 760 139

24,111 69

20, 577

31,328 16,470

139.9

ns. 71)1)

34.911 33. 7(,15

11.257

10.329

;J, ll/~

\!83 808 93tl

2, 55!) 883 181

Stocks,endofmonth ______________________ ... do .... 18,!i37 18,771 18,938 19,341 19,943 19,832 19,774 20,195 15,120 !4,403 15,726 18,324 1~.95:J

GYPSUM AND PRODUCTS

Crudr vypsum, quarterly total: Imports. _______________________ thot!s. of short tons __ Production .. _________________________ ___. __ .do ....

Calcined, production, quarterly totaL __ _ __ ___ do ....

Gypsum products sold or used, quartPrly total: Uncalcined uses _________________ thons. of short tons .. Industrial uses __________________________ . ____ .do. __ . Buildinv uses:

Plasters: Basc-coat. _________________________________ do .. All other (incl. Keene's cement) ___________ do

1,196 2,649

2,102

1, 060 62

318 292

Lath _________________________________ mil. of sq. ft. M2. 9 Wallboard _________________________________ .do____ 1, 393.0 All other § ___________________________________ do.... 56.2

APPAREL

HosiC'ry, sbipn1ents _____________ thous. of dozen pairs __ ~en's apparel. cuttings:~L:-.

Tailored garments: Suits ______________________________ thous. of units_ Overcoats and topcoats __________________ .. _ .clo ....

Coats (separate), dress and sport._ .. _______ .do. ___ Trousers (separate), dress and sport.__ ... do ... _

Shirts (woven fabrics), dress and sport thous. of doz._

Work clothing: Dunvarees and waistband overalls _______ .... do .... Shirts.-------------------- _____ . ________ . __ .do .. __

II, 774

I ),680 I 240

I 855 I 0,155

I I, 705

I 185 1310

\Vomcn's, tnisses', juniors' outonvear, cuttings:,6. Coots ________________________________ thous. of units.. ' I, 670 Drrssrs ____ ------------------ _________________ .do .. __ ' 19, 499 Suits _______________________________________ .. do.... '952

' Ileviscd. I Data cover a 5-week period.

'9.o3 '527

13, .\93

I, 612 200

884 6, 552

I, 752

224 360

2,307 20,698

1, 610

I, 280 723

841 2, 327

2, 033

774 70

310 2ti7

496.6 1, 342.0

51. 4

TEXTILE PRODUCTS

12,684

I, 608 248

912 6, 456

I, 740

284 336

2, 273 21,383

I, 505

I, 307 755

I 12.891 I

I I, 940 I 34.')

I 870 I 8, 000

I I, 860

132.1 \350

2,099 26,343

I, 042

I, 412 730

12,228

I, 768 488

912 7, 992

1,812

3.i6 376

1, 117 28,481

5.\3

I, 396 761

10,926

1, 700 524

980 8, 324

I, 768

304 340

I, 143 25, 470

483

I, 340 914

I, 780 2, 834

2, 459

1, 061 75

375 333

637.7 I, 603.6

77.6

13,417

I I, 89,\ I 645

I I, 090 I 7, 510

I I, 795

I 310 I 345

I, 966 21, 1.'9

779

12,418

1,020 452

640 6, 656

I. 520

264 304

2. 3-16 18. 040

982

1, 260 I I, 236 890 912

§Comprises sheathin~. form board, and laminated board. , Data for December 19c8 and March. June, September, and December 1959 cover 5-week periods and for other months, 4 weeks. L:;Revisions for January 1957-July 1958 are available upon request.

14,242

I, 800 608

948 8. 000

I, 804

312 344

2. 223 19, 253

818

I, 253 873

I, 890 3,042

2, 611

1,026 83

400 380

682.7 1,690. 8

76.5

14, 448

12,03.5 I 630

19% 19,025

12,045

I 355 I 360

2, 223 18,760

571

1, 244 804

14,014

1, 772 492

904 8,876

2,004

348 ' 324

2,365 19,720

589

1,318 704

12,840

I, 804 336

904 7, 780

1, 980

276 292

2, 403 19,467

662

1,141 674

I. 624

12,066

I I, 955 \300

I I, 12.1 I 7, 850

I 2,010

l 2Q5 1 355

I, 507 18,405

786

998 536

SURVEY OF CFRRENT BUSIXESS

Unle~s otherwise stated, statistics through 1958 and 1 195~~-~ descriptive notes are shown in the 1959 edition of Dt'cPm BUSINESS STATISTICS her - Janu- I Febru-~ 1~ 1 " ·c·.!J I -~\-~~~-~ -\'

ary ary " 1 • pn j - 'ay

1959

Juno I July

TEXTILE PRODUCTS-Continued

I August I Septem-1 Octo he I "<ovem-1 neee·n-1 - ber r hPr hrr

8-39

1960

Janu­ary

------------,----.---.----;---,--,--,----,-----.-----,----,---,-----,--------~---·-

1 COTTON

Col ton (f'xclm;i\'P of! inters): Prn(lnction: Oinnin~ss~---------------thonB. of running bales __ '10,919 '11,340 --------- '11,435 --------------------------­Crop est-imate, equi\'alent WO-lh. bales

151 1, 046 4, 448

thous. of hale.s __ -------- ___________________ '11. 512 _ _ ____________ _ Consumption, ________________________________ do____ '720 690 697 '864 ----718- -----763- ----6823- -----6.51]-- 712 '863 Stocks in the United States, end of month,

total~--------------------------------------do .... '15,445 14,582 13,673 12,550 11,610 10,683 9,686 8,900 22,587 21,615 Domestic cotton, totaL _____________________ do .... '15, 361 14, 500 13, 5(17 12,479 11,547 10,625 9, 630 8, 861 22,482 21,517

On farms and in transit ___________________ do____ • 1,104 699 494 544 481 434 391 220 !4,112 11,111 Public storage and compresses _____________ do ____ • 12, 753 12,275 11, 541 10,342 9, 5!3 8, 738 7, 966 7, 556 7, 568 9, 706 Consuming establishments ________________ do____ 'I, 504 1, 526 1, 5o2 1, 593 1, 553 1, 453 1, 273 I, 085 802 700

Foreign cotton, totaJ. _______________________ do.... 84 82 76 71 64 58 56 39 105 98

Exportst _ • ---- ___ ----------. _- _______ . _. ______ do. __ _ Imports. __ ----- _______ -----. __________ . __ ._~_ .do. __ _ Prices (farm), American upland ________ cents per lb .. Prices, wholesale, middling I", average 14 ma-rkets

Cotton linters: cents per lb ..

Consumption, _______________________ thous. of hales .. Production. ___ ----- ___ -------- ______________ . _do. __ _ Stocks, end of month __________________________ do ___ _

COTTON MANUFACTURES

298 I

30.3

34.4

6106 IB2 858

Spindle activity (cotton system spindles):, ~\cth·e spindles, last working day, totaL ____ tltous __ r 19,273

Consuming 100 percent cotton _______________ do.... 17,fiHi

Spindle hours operate<\, all fibers, totaL ___ millions .. • 5 10.H1 Avera~e per working day __________________ do ___ ~ • 40B

Consuming 100 percent cotton ______________ ~do .... '9.4.53 C'ott?n yarn, natural stock, on con('~ or tuhrf:: 1

Pnces, wholesale, f.o.h. mlll: 20/2, carded, weaving __________________ <loL per !h .. ! . fiG! 3f>/2, combed, knitting _______________________ <lo ____ l . 931

Cotton cloth: Cotton broadwoven goods oYer 12 inches in width,

production, quarterlyt ___________ mil. of linear yd .. Exports __________________________ .. thons. of sq. yd .. Importst. _ --------------------- _ ... _. _ ... _ .. __ do ___ . Prices, 'vholesale:

Mill margins _________________________ cents per lb .. Denim, white hack, 28-inch, 8 ozjy<L.cents per yd __ Print cloth, 39-inch, 68 x 72 __________________ do ___ _ Sheeting, class B, 40-inch, 48 x 44-48 ........ do ___ _

MANMADE FIBERS AND MANUFACTURES

Fiber pro<luction, quarterly total Q t, _______ mil. of lb __ Filament yarn (rayon and acetate) ____________ do ___ _ Staple, incl. tow (rayon) _______________________ do ___ _ Noncellulosic (nylon, acrylic, protein, etc.) ____ do ....

Exports: Yarns and monofilame.nts _______ thous. of! h .. Staple, tow, and tops __________________ do ....

Imports: Yarns and monofilamentsf ____________ do __ __ Stnple, tow, and topsf _________________ do __ __

Btorks, producers', end of month: Filament yarn (rayon and acetate) _______ mil. oflb __ Staple, incl. tow (rayon) _______________________ do ....

Prices, rayon (viscose): Yarn, filament, !50 denier _______________ dol. per lb .. Staple, 1.5 denier ______________________________ do ....

1\IIanmadc-fiber broad woven fabrics:

7 2, 329 38,037 9,481

25.06 36.4 16.5 16.3

444.4 167.4 97.7

147.2

3,644 2,687

308 10,190

51.7 44.7

. 76

. 31

Production, quarterly total\? t .. thous. of! in ear yd .. '625, 203 Rayon and acetate (excl. tire fabric) _________ do .... 7 431, 335 Nylon and chiefly nylon mixtures ___________ do .... 7 77,422

Exports, piece goods ___ ~~~~-------thous. of sq. yd .. ,

Imports, raw _____________________________ thous. of !h .. Price, raw, AA, 20-22 denier _______________ dol. per !h .. Production, fabric, qtrly. totalf ____ thous. of linear yd __

WOOL

\\' ool r,onsumption, mill (clean basis) :U

11, 742

993 3.62

7 6, 645

Apparel class ___________________________ thous. of lb .. '20, 055 Carpet class ___________________________________ do ____ '14,489

222 1

28.2

34.3

101 162 864

19,283 17, (136

9, 352 468

8, 552

. fi61

. 931

42,490 9,102

25.01 36.4 16.5 16.5

3, 574 I, 935

482 7, 818

50.4 47.7

. 76

. 31

211 2

28.2

34.3

102 131 862

284 3

30.1

34.4

'121 128 846

19,272119,265 17,!i42 17,637

9, 542 6 11. 70() 477 468

8, 743 ' 10, 743

. 660 . 076

. 943 . 941)

34,096 14,012

25.97 36.4 16.5 17.0

2, 572 2, 770

285 9,289

48.1 50.9

. 76

.31

2, 382 41,704 13,674

26.91 36.4 16.5 17.3

'457. 9 175.0 96.1

'153. 9

4, 260 2, 038

182 10, 551

45.3 49.3

. 78

.31

li18,820 414, 50!

79, 32\J

12, 794 10, 941 13, (i/7

509 574 502 4.03

5, 846 3. 61 3. 88

19,809 14,458

20, 265 ' 25, 415 14,583 '16, 135

245 3

31.3

34.6

103 96

797

19, 555 17,945

9, 567 478

8, i7f3

. 672

. 946

37,986 12,320

27.18 36.4 16.4 17.3

3,255 2,263

443 13,517

43.8 49.5

. 78

.32

249 4

31.8

34.6

102 52

729

19. 238 17. 591

9, 592 480

8, 781

.672

. 946

39,908 16,370

27.67 36.4 16.1 17.3

4,200 2, 5!3

459 9,030

43.9 45.4

. 79

.32

13, 924 14, 210

248 954 4. 11 4. 11

236 2

31.5

34.5

'114 38

627

19,266 17,598

'11. 382 455

'10,392

. 672

. 934

2,390 42,902 16,600

28.20 36.4 16.5 17.3

'487. 5 19fl. 4 93. H

T lGt). 0

2, t)~j(; 2, 655

739 12,173

43.9 42.9

. 79

.33

618, 31G 407,961 84,429

14,13.5

o27 4.13

6, 449

129 1

34.1

33.6

93 29

544

19,lfifl 17,501

8, 817 441

8,020

. 676

. 936

33,052 18,307

28.75 36.4 16.5 17.3

a. >·ogl 2,863 409

9,696

46.2 45. 1

.82

.33

23,069 13,941

22, 699 ' 27, 020 20, 892 !2, 928 ' 14, 148 9, 776

98 230 98 24

33.3 33. I

32.0 31.8

109 6 140 46 154

41l!i 442

19, 2.\S 19, 2112 17, f>J:l 17, 652

9, 7lf> ' 11. 930 4SD 477

8, 817 • 10. 946

. 67fi . 681

. 9313 . 938

38,203 17, 244

30.36 36.4 16.5 17.3

4,853 2, 539

522 8, 700

44.5 51.8

. 821

. 33 I

2,363 37,081 20,349

31.41 36.4 16. 5 17.3

'481.3 191.0 89.5

T lfiG. 8

4, 46:l 3, 902

()50 12, 191

47.7 54.7

. 82

.33

li02, 201 :Js.o, 947

83, 155

]f,, 023

1,097 4.09

7, 0.56

21,682 ' 25, 547 13, 612 ' 15, 558

9, 718

732

20,707 20,621

7, 2f>3 12,423

935 86

392 2

32.5

31.7

115 240 497

19,273 17,648

9, 970 499

9,118

.685

. 946

44,789 27,671

32.61 36.4 17.0 17.3

4,8\10 2,0.511

338 7, 412

48.4 .55. 9

.82

.33

13,40311 14, 07~ 725

19,2W 19,201 3, 781

14, 19.5 1, 225

79

652 (6) 30.8

31.6

108 22., 558

5 800

17,636 17, 5f>8 2,373

13, 65() 1, 539

68

728 2

30. ()

31.8

5 131 201\ 585

19,:!08 19,326 17,696 17,709

9, 880 ' 1\,039 494 442

9, 051 ' 10, !57

. 685 p .685 '.948 p .948

37,396 33, 7(11

33.04 36.4 18.0

'17. 5

fi, 538 2, 8G9

208 8,627

50. 1 56. 1

.82

.33

44,728 41,325

33.20 v 37. 3 p 18.2 p 17 .. 5

464.0 181.3 79.7

159.8

6, 61)1 5, 383

57! 9, 700

56.3 55.0

p .82 p .33

15,764 14,263 14,E35

663 937 814 4.14 4.32 p 4. 51

20,688 12, 298

18, 515 5 21,0\1 11, 187 '15, 773

1\'oolimports, clean conten(t ____________________ do____ 2.5, 626 31,076 11,006

25,317 11, 230

35,173 13,167

31,218 11,028

29, 31 r: 26, 079 20,569 7, 191

18,837 7,367

25,212 23,295 14,730 20, 565 Apparel class (dutiable), clean contentt-- _____ do____ 10, 508 11,270 7, 801 7, 742 9, 046 6, 573 10, 466

'14, 3SG

1 14,701

29.3

31. u

33.67

• Revised. v Preliminary. 1 Ginnin~s to December 13. 'Ginnings to January 15. 'Total ginnings of 1958 crop. 4 December I estimate of 1959 crop. 5 Data cover a 5-we<Jk period. 6 Less than 500 ball's. ' Data coYer 14 weeks; other periods, 13 weeks.

§ Total ginnings to end of month indicated, except as noted. 1Data for December 1958 and l\Tarch, June, September, and December 1959 coYer 5·week pl'riods and for other month:", 4 \H'C'ks; cotton stoeks and uumbrr of actiYe spind.lr.s an' Jor end

of period covered. ((Includes data not shown separaH'ly. t Scattered revisions for Jan nary !957-July 1958 are available upon request.

s-40 SURVEY OF Cl~RHE~T BUSINESS

====================~===y============~==========c==================---~---

U~~::ri~~r;:-:;:z,:~::'!:h:~~isi~~h~r;;S~heJr:i!:::~ j D:::~-~ Janu- I Febrn-j I :.ray J June l!lj59

July J.~u~rl't I >"PptPm-1 october I '\ovPm- -~-~:c~~: -~-J:~~ BUSINESS STATISTICS ber . ary ary :ITareh I .\pril her ' her . her ary

WOOL AND MANUFACTURES

\\~ool prices, raw, clean basis, Boston: Good French combing and staple:

Graded territory, fine __________________ dol. per !h __ Graded fleece, 3/8 blood _____________________ do ___ _

Australian, 64s, 70s, good top making, in hond ___ do ___ _ Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,

wholesale price _____ -------------- ___ .. 1947-49= 100. _

I. 115 .n15

I. 0211

90.5

\\' oolen and worsted woven goods, except woven felts: 1

1 Production, quarterly totaL _______ thous. of !in. yd ... 'i\li,2nl

App<\rel fabrics, totaL _______________________ do ____ 1

lri3, 708 Other than Government orders, totaL. ___ do ____

1

lli2, 225 Men's and boys' _________________________ do .... 12ll, 8119 \" ' d •h'ld ' •1 1 1 3o 41<' ) . vornen san ~ .1 rcn 8----:------------- o ____

1

• • . ) I nrcs, wholesale, smtmr£, f.o.b. rmli:

Flannel, me-n's and b0y's ____________ l947-49=100 __ 1 liH .. ~ Oahardinr-. womrn'::.: anct f'hilrlren's __________ do_. __ : r.n. 1

'

TEXTILE PRODllCTS-Continued

1.088 LOiS . nos . k70

I. 02,5 . 975

90. 5 X9. 3

·;o~:sl·::n~-" 1

1

89. I !10. 8 . '

I. 075 1. 165 . 860 . 962 .975 1.035

90. 5 94. s

72,-166 ---------1-7g.37! i'---------1_­ll" 413 --- .. ---- '-:13, 1.19 ---------'­:16. 254 1---- ---!-

Hl3. 7 I JO:l. 7 I no. 8 ! !10. ~ 1

1.225 1.025 1.075

00.8

-- ------

-- ----

;(),) 4 !JO. S

1. 225 1. 285 1. 025 L 085 I. 075 L 115

102. 2 102. 2

83, 5861 .. -------81,542 ---- ---81, 22-l ---- ----35,929 ---- ----4.).2\)5 , ___ ----

105. ~ 1, 105. 4 no. s ~~2. 4

TRANSPOHTATION EQUW.\IENT

1.325 L 115 I. 125

106.0

JOn. 41 !12.4

L 305 1.098 L 135

Hli. 2 :

I

1.275 1.072 I. 125

104. 7

1. 275 I. 112 L 125

lll2. 2

7\J,O\lll ~--------- ---------77, 205 ---------~---------77, 008 ------ --~---------.32. ]OJ ---------~--------­H Vil7 1--------- ---------

llJ'<. I I 108.1 ' 108.1 fJ:?. 4 1 92. 4 1 ~~2. 4

I. 275 I. I25 I. 162

103. 5

1PS. 1 ~{.2. -1

1. 21.) l. 12.) 1. 175

-~~_:_ ___ . __ . ---------------------,------,~--.-----,---,------,---,------,~-~--

1

AIRCRAFT

.\! annhwturcrs of complete typeo: Aircraft, e.n12ines, propellers, parts, (\tc.:

Orders, new (net), quarterly totaL ____ mil. of doL.: '-\ \J/4 Sales (net), quarterly totaL _________________ do .. _ 2, 947 Backlog· of orders, total, end of (tuarter ______ do_ 1 1 a. 171

For U.S. military customcrfl _______________ do ____ j ti, U33 Civilian aircraft: j

Ahipments ___________________________ tho11s. of doL_ 37. !i72 Airframe weight_ __________________ tllou:::. of lh__ 1, :2.1:<. 9

Exports (commercial and civilian) ______ t!JOnE. of doL 9. fL51

MOTOR VEHICLES

Fuetory sales, totaL _________________________ numl)L~L-Coachcs, totaL _________________________ .. ____ .do. ___

Domestic ___________________ -------------- ___ do ____ 1

P¥,~~~~~i~~~-~~-t_o_t_a_I~~=== ========== ========~:: ~ ~}~~ ===!

Ex~:::~::~.~;::~~~~~~:~:~~:~~:~~~~::~:~:~::::~:-~:~:~: I Pas.::;Pn~n·r ears (new and usectL~--------------.do ____

1

l Trucks and hnses _______________ -------------_.do ___ _

Imports (f'ar~, trurks, husrs), totalc)'1 ____________ do ____ l J'assengrr cars (new and u:::E>d)d"-------------- do ____

1

!'roduetion, truck trai1rrs:.6. Compkte trailers, totaL _________________ . ___ .do .. _

Vans__ _ ___ ---·-------------------- _______ do __ _ Trailrr chassis, produced for sale separately ____ do ___ -I

709,078 208 lfl.o

nos, 730 594, 188 100,140 82.688

35, ti41 15,458 20, 183 54, 824 53,218

4, 832 2. 888

2118

Hegjstrat ions: 0 i ); C'W passr!lg('t' ('ftl'S ____ -------- ________ -- _____ .do ____ j'; 511, 284 .:"Pw commercial cars __________________________ do 3 73. 8!)1

RAILROAD EQlliPMENT

·\ HH'ri<•a.n Railway Car Institute: 1 rrrip:ht cars: .

1

Shipments, totaL _____________ -----·---- numhf!r_ Equipment manufacturers, totaJ ___________ do ___ _

Donwstic ____________________ . _ ·- do ____ i Railroad and privutr-linc sbop~. domestic:_ .do_-_-:.:~­

_"\ew orders, totalt------------------· ------ rio __ EqnipnH•nt manufadurers, totaL __________ <lo __

DonH'Sti<·--------------------- ______ do_ --I Railroad awl private-line shop~, donw::.tit• __ do_._ !

tTnfilh_•d ordrrs, enct of month, totaL_____ 1

Eqnipmeut mannfaP1llrcrs. totaL___ ! Donwstic.------~----- ____________ _

R:1ilroad mtd private-lim' shonf.., donw~.t !(· hti<:~~~ngf'r ear:-. (C'quipnlent manufclctnrl·rs):

~hiptncntr-::, totaL_________________________ du_ Dont(•stic>. _____ --------------------- __ ---- dn. _

T~111lllrd orders~ owl of month, tot;1L ________ (_t•--·· Domf·<::tic _____ ---------------------------- <l{)_.-.

-\:-..So('btinn of Amrrican H;1i1ronds: Freight etrs (clnss 1):§ ~nmh•r ow1wct or lpased, e-nd nf month ___ llHJU:-;..

li('l(l for rr-pn.irs, prrcetlt of total ownPd __ I.ocomoti\7 •-'S (dass I):

Diescl-elr-ctrk and elrctric: Owned or h_•ased, end of mo_Xo. of pu\rn ll11it:::.

Sen·irea.hle, end of month _______________ cio ____ : Installed in service (new), qnartr,rly t.otal do ____ ! l'nfi!led orders, end ofmonth ______________ do .. !

Exports of loeomnti\·es, tot::11 (railroad-service and in-~ dns.trbl typrs) _------ ______________________ number __

2, 7!\3 I, 584

Ui~ 3, 70{) 2. 004 2, 004 1, 702

27, fi59 >--. 4tJ7 ,, cj(lj

1 ~I. 1(!2

] • 7~() ('-i.ti

~-;-.. aws ::•'· ....;;1s

!){)

51-il

96

4H, 5fl0 I, 452.8

12,991

635,664 lll9 112

539,451 .527, 588

Uli, 044 81,599

24,248 11, 520

;~: ~~~ 54,075

4, 883 2, 908

330

419,512 61, 776

1, 972 1, 014

982 958

'4, 423 '1, 485 '1, 164

2, 938

2~: ~66 8, 448

21,022

0 0

36 :)ll

], 724 8. 9

49,805 ], 440.0

4, 213

577, 093 143 HI

476,977 466, 5ll4 99,973 83, 775

21,319 10,700 10,619 50,916 49,167

4,827 2, 684

435

423,793 64, 688

r 2, 576 r 1, 747 'I, 727

829

'1, 961 '1, 450 '1, 331

511

29. 240 8, 53ll 8, 085

~o. 101

0 0

72 7::?

1, 722 9. ~

59 33

') 0\)')

2:5.18 12,705

t_i, 575

34, 014 1, 185.7

4,1GS

til"'tl, H12 245 200

575,012 5G3, 849 Ill, 355 93,060

31,452 10,758 20,694 58, 207 56,474

5, 503 2, 916

558

496, 717 77, -593

'2, 882 'I, 851 '1, 840

I, 031

10, 782 7, 3117 7, 307 3, 415

], 717 8. 8

42

I ___ J_

H8, 142 I, 849.5

8. 570

702, ~~~ 251

5R5, 7S9 575, 268 116,910 98,906

2G, 58G 11,971 I4, (i!5 co, 567 .)7, 898

(i, 218 3, 271

4I7

573, 777 91,805

3, 741 2, 334 2, 334 I, 407

3, 785 3, 248 3,198

537

81,212 2, 091.8

2, 778

GfiO, 278 282 135

545, 001 535, 195 Jl4, 995 95, 5Gl

26, 211 10, 74ll 15,465 69,019 66,765

tl, 141 3, 227

280

582,206 8fi, 566

3,468 2, 373 2, 2f.3 1,095

'5. 298 '3. 510

3, 415 I, 788

37,249 16, 128 15,748 ~ll 121

0 '3 0 r a

4 132 4132 '132 4132

I 1. 707 II 1. 703

H. 3 8.1

26 19

3, OOti :1. S:?4

12, sss G, 360

65,098 1, 804.7

5,162

074, l)89 207 242

554, 878 545, llGO 119,544 100,462

27, 078 8, 497

18,581 fi4,832 62,860

6,6I7 3, Sti3

289

584,816 86, 914

'4,227 '3, 204 '2, 935

1,023

'8, 369 '7,253 T '7 213 i: ll6 41,084 20,170 ~0, 059 20,914

0 0

'157 '157

--------- _________ I

88,444 2,160. 0

20, 467

66:l, 444 2:l3 209

548,524 541, 458 114,687 92,186

22,154 7, 467

I4. 687 68,647 66,516

5, 826 3, 439

243

ii64, 985 88, 949

4,334 3,I97 3, 13ll I, 137

4, I59 2,.519 2, 519 1, ll40

40, 359 I9, 442 I9, 392 20, 9I7

0 0

'157 '157

95,280 2, 286. 9

14. 414

3Hl, OtiO 82 .18

2.55, 8:H 252, 55ll

llO, 147 47,959

I6, 929 5, I60

11,769 ,)0, 181 49,120

5, 539 3,354

2I4

532,279 88, I37

r 5,003 '3, 688 '3, 668

I, 3I5 1, 653 I, 653 I, 653

0

37,2021 I7, 546 I7, 51ll 19,656

I 4 i

, 15~ I '153 1

i

1, 7021 I, 701 I, 702,~ 7. 9 8. 1 8. 4

I :!K, \)!,1 ::?7 . .!.11

298 413

1

:· __ :_ ::::.::::1 ---- ---------1

131 29 8 !

2. 014 :2, 84/)

I2, 0,57 5, 857

---------- ---------1 :::::~::: :::::::::I --------- ---------

75. 950 103, 646 76, 911 I, 772. I 2, 434. 5 '2, 048. 9

13, 897 15, 54 I I5, 234

309, II 71 632, 420 321, 9i7 134 ' 2ll8 180 134 268 170

229, 410 537,] 59 267, 829 220, 621 523, 500 259, 633

79, 573 94, 993 53, 9ll8 64, 568 81, 652 37, 999

16,860 6, 359

10, 50I 55, 22I 53,:331

5, \)9.5 3. 772

298

457, 285 78, 784

'2, 615 r I, 516 'I, 50ll

1,099

943 941 941

2

35, 646 I6, 988 I6, 968 18,658

1, 695 8.-5

28, 701) 2i' 019

206 229

2I, 859 IO, 957 IO, 902 54,045 52,479

.5,335 3, 247

206

533,682 78, 807

'2,284 '1,329 'I, 329

955

2, 722 2, 722 2, 722

0

36,219 18,403 18,383 17,816

'15 'I5

'187 4 187

I, 694 8.3

25,975 10, 500 IS, 475 54, 86I 53, 64I

5, 743 3, 814

I48

426,929 73, 762

•2.218 'I, 22() 'I, 226

992

'2, 424 I, 274 I, 274

'1, I50 36,575 18,377 I8,357 IS, 198

1,688 8.0

42 57

111. 545 2, 60.1. I

32,6.51

548, 338 p2811, 400 287 p' 395 188

475,382 •·'688,800 462,831

72, 6ll9 P2122,200 62,330

18,005 8.I90 9. 81.0

78.038 75,423

6,092 4, 04.0

200

3, I27 I, 681 I, 58fl I. 446

10,759 5, 769 5, 570 4, 990

44, 089 22, 547 22.328 21,542

'28 • 28 149 149

1, 678 7.2

28,815 27.439

134 314

52

' He vised. v Preliminary. J Data cover 14 weeks; for other periods, 13 weeks. 2 Preliminary estimate of production. :'!Excludes registrations for Oregon; data to be revised later. 4 In addition to unfilled orders reported by equipment manufacturers, railroad company shops reported unfilled orders for 10 ears (March-November I959); shipments of these ear:; "·ere

n::~d" iu December 1959, c/'Data cover complete units, chassis, and bodies. L.Revisions for I957 are available upon request. 0Data beginning January 1959 inclnde new registrations in Alaska. !Scattered revisions back to 1955 are available upon request. !Excludes railroad-owned private refrigerator cars.

J S. ~OVERNMENT PRINTING OFFICE: f960

INDEX TO MONTHLY BUSINESS STATISTICS, Pages Sl-S40

SECTIONS

Ge-neral:

Business indicators _______ --- __ ----- ........ .. Commodity prices ____ ------ __ .................... ... Construction and real estate _____________ _ Domestic trade ........ -- .... ---- ...... ----------

Employment and population ____________ _ Finance ___ -----------------------------International transactions of the U.S •••••• Transpol"tation and communications ............ ..

Industry:

1-5 6,7 7,8

9-11

11-15 16-20 21,22 23,24

Chemicals and allied products.----------- 24,25 Electric power and gas ___________________ 25,26 Food and kindred products; tobacco ••••••• 26-30 Leather and products-------------------- 30,31

Lumber and manufactures •••• ----------- 31 Metals and manufactures ________________ 32-34 Petroleum, coal, and products------------ 35,36 Pulp, paper, and printing ________________ 36,37

Rubber and rubber products______________ 37 Stone, clay, and glass product•------------ 38 Textile products .. ------------------···· 38-40 Transportation equipment................ 40

INDIVIDUAL SERIES Advertising ____________ ------------------- 9 Agricultural loans and foreign trade ______ 16,21,22 Aircraft and parts----------------- 3,12,13,14,40 Airline operations.------------------------ 23 Alcohol, denatured and ethyl_______________ 24 Alcoholic beverages.---------------------- 7,9, 26 Aluminum._. _____ ---- .• -.--_- •• ____ ----- 33 AppareL ___________ 2,3,6, 7,9, 10,12,13,14,15,38 Asphalt and tar products ___________________ 35,36 Automobiles ___________ 3, 9, 12,13,14, 15,17, 22,40

Bakery products .••• -----.------- ___ ••• 12,13, 14 Balance of payments.--.------------------ 21

~:i~~~======================:::::::::: 14, ~~ Barrels and drums •. ---------------------- 32 Battery shipment•------------------------ 34 Beef and veaL---------------------------- 28 Beverages _______________ 3,4, 7, 9, 12,13, 14, 15,26 Blast furnaces, steel works, etc ••..•.. ----- 12,13,14 Blowers and fan•-------------------------- 34 Bonds, outstanding, issued, prices, sales,

yield•------------------------------- 17, 19,20 Book publication .• ------------------------ 37 Brass and bronze .... ---------------------- 33 Brick. _______ ------------.--------------- 38 Brokers' loans and balances ________________ 16,19 Building and construction materials _____ 8,9,10,36 Building costs ______ --------- __ -----.----- 8 Business incorporations (new), failures_______ 5 Business sales and iaventories______________ 4 Butter ______ •• ------------------.-------- 27

Cans (metal), closures, crowns-------------- 32 Carloadings _____ • _____ ------------------. 23 Cattle and calves ___ ---------------------- 28 Cement and concrete products _____________ 7, 8,38 Cereal and bakery products ___________ 6,12,13,14 Chain-store sa!es, firms with 4 or more and

11 or more stores.----------------------- 10 Cheese .. __ . _________ -------- _________ ---- 27 Chemicals _____ . ___ 3, 4, 5, 6, 12, 13, 14, 15, 19, 22, 24 Cigarettes and cigars---------------------- 7,30 Civilian employees, FederaL __ .. ___ .... _.--- 12 Clay products .... ___ -------- ___ ..... __ .... _ 7, 38 Coal_ _______________ 3, 4, 6,11, 13,14, 15, 22, 23,35 Cocoa.---------------------------------- 22,28 Coffee __ •.. _. ___ ._ •• ___ .------ _______ ---- 22, 29 Coke ________________ • ____ ------------ ___ 23,35 Communications.---------- 12, 13,14,15, 19, 20,24 Confectionery, sales_----- .... ------------...... 29 Construction:

Contract awards .. ----------------------- 8 Costs _____ ._--------_. __________ .------ 8 Dwelling units.------------------------- 7,8 Employment, hours, earnings, wage rates..... 12,

13 14,15 Highways and roads ____________________ 7,8,15 New construction, dollar value____________ 1, 7

Consumer credit..------------------------ 17 Consumer goods output, index______________ 2,3 Consumer expenditures ...... _ ...... __ ----------.. 1, 9 Consumer price indeX---------------------- 6 Copper •• -------------------------------- 22,33 Com. ________ ----_._._- .• -----. __ ------- 27 Cost of living (see Consumer price index).-__ 6 Cotton, raw and manufactures __________ 6, 7, 22,39 Cottonseed, cl'ke and meal, oiL_____________ 30 Credit, short- and intermediate-term._______ 17 Crops ___________ ._. ______________ . 2, 6, 27, 30,39 Crude oil and natural gas _______ 3, 11, 13,14,15,35 Currency in circulation____________________ 18

Dairy products. _____ --------.----------- 2, 6, 26 Debits, bank.---------------------------- 16 Debt, U.S. Government____________________ 17 Department stores •• ------------------- 10, 11,17 Deposits, bank·---------------------------- 16,18 Disputes, industriaL---------------------- 15 Disttlled spirits __________________ • ______ ._ 27 Dividend payments, rates, and yields •.•••• 2, 19,20 Drug-store sales___________________________ 10 Dwelling units, new ___________ ·---------------- 7, 8

Earnings, weekly and hourlY--------------- 14,15 Eating and drinking places_________________ 10 Eggs and poultry------------------------ 2, 6, 28 Electric power_---- _______________ ----- __ 3, 6, 26 Electrical machinery and equipment_________ 3,

4, 5. 7,12,13, 14,19, 22,34 Employment estimates and indexes---------- 11,12 Employment Service activities ____ .--------- 15 Expenditures, U.S. Government_____________ 17 Explosives ________________________ ------- 25 Exports (see also individual commodities) ____ 21,22 Express operation•------------------------ 23

Failures, industrial and commerciaL...................... 5 Farm income, marketings, and prices ................. I, 2, 6 Farm wages.----------------------------- 15 Fats and oils, greases ____________________ 6,29,30 Federal Government finance________________ 17 Federal Reserve banks, condition of_________ 16 Federal Reserve reporting member banks.___ 16 Fertilizers _______ ------------------------- 6, 25 Fire losses·------------------------------- 8 Fish oils and fish.------------------------- 29 Flaxseed •• _____ -------------------------- 30 Floorin~:, hardwood·----------------------- 31 Flour, wheat.---------------------------- 28 Food products---------------------------- 3,4,

5,6,9,10,12,13,14,15,18,22,27,28,29,30 Foreclosures, real estate........................................... 8 Foreign trade·---------------------------- 21,22 Foundry equipment.---------------------- 34 Freight carloadings------------------------ 23 Freight cars (equipment>------------------- 3,40 Fruits and vegetable•-------------------- 6, 22,27 Fuel oiL--------------------------------- 35,36 Fuels _____ -------- _____ -------------- 3, 6, 35,36 Furnaces •. __________ • __ • _. ________ • _ •• _. _ 34 Furniture. ___ •• __ ------- 3, 4, 6, 9, 10,12, 13, 14,17 Furs _______ --------- ____ ----------------- 22

Gas, output, prices, sales, revenues~------ 3,6,26,27 Gasoline ____________ ------------------- 9, 35,36 Glass and product•------------------------ 38 Generators and motors .. ------------------- 34 Glycerin _____ ._. ___ .--------------------- 24 (}old ____________________________________ 18,21 Clrains and products _______________ 6, 22, 23, 27.28 Grocery stores---------------------------- 10 <lross national product_____________________ 1 Gross private domestic investment__________ 1 Gypsum and products.-------------------- 1,38

Hardware stores .• ------------------------ 9,10 Heating apparatus------------------------ 7,34 Hides and skins ... ------------------------ 7,30 Highways and roads.--------------------- 7,8, 15 Hogs.--------_. __ --.-----.-- _____ ------- 28 Home Loan banks, loans outstanding________ 8 Home mortgage•-------------------------- 8 Hosiery----- ________ -----------------____ 38 Hotels __________________________ 12, 13,14, 15,24 Hours of work per week____________________ 13 Housefumishings _________________________ 6, 9,10 Household appliances and radios ______ 3, 6, 9,10,34

Imports (see also individual commodities) ___ _ Income, personaL .... ____ .. _ .. __ .. ____ .................. .. Income and employment tax receipts _______ _ Industrial production indexes:

21,22 1

17

By industry-------------.-------------·------- 2, 3 By market grouping__________________________ 2, 3

Installment credit.------------------------ 17 Installment salest department stores ................... _ 11 Instruments and related products.----- 3,12, 13,14 Insulating materials_ ..• _.- ••••• _ ••• - ••• _._ 34 Insurance, life.--------------------------- 17,18 Interest and money rates-------------------- 16 Inventories, manufacturers' and trade _____ 4,10,11 Iron ond steel, crude and manufactures ___ .. __ 3,

4,5,7,8,12,14,19,22,32,33

Labor disputes, turnover___________________ 15 Labor force·------------------------------ 11 Lamb and mutton.------------------------ 28 Lard._---------------------_._.--------- 28 Lead ______ .----------------------------_ 33 Leather and products ______ 3, 7, 12, 13, 14,15,30,31 Linseed oiL.----------------------------- 30 Livestock.--------------------------- 2, 6, 23,28 Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) __________ 8,16,17,19 Locomotives.--- __ ._ ••• _____ ._. ____ •• ____ • 40 Lubricants.--------------------------- ___ 35,36 Lumber and products .• -------------------- 3,

4,5,7,8,9,10,12,13,14,18,31

Machine tool•---------------------------- 34 Machinery_---------- 3, 4, 5, 7, 12, 13, 14, 19,22,34 Mail-order sales, catalog___________________ 10 Manmade fibers and manufactures__________ 7,39 Manufacturers' sales, inventories, orders_____ 4,5 Manufacturing employment, production work ..

ers, payrolls, hours, earnings ____ 11, 12, 13, 14,15 Manufacturing production indexes __ ______ .. _ 2, 3 Margarine________________________________ 29 Meats and meat packing ____ ----- 2, 6,12, 13,14, 28 Medical and personal care__________________ 6 Metals _________ 3,4, 5, 7,11,12,13,14,15,19,32,33 Milk. __ ---- ________ - ________ -_- __ -_-____ 27 Mining and minerals ____ 2,3, 11, 12, 13, 14, 15, 19,20 Monetary statistics ...• _____ .--- ____ ._---__ 18 Money supply ••. ____ ••• ---------_.---.--. 18 Mortgage loans.------------------------ 8, 16,18 Motor carriers ______________ • ______ ------. 23 Motor vehicles ___ 3,4, 5, 7, 9, 10, 12, 13, 14,15,19,40 Motors .. --------- ____ ---- __________ --._--_ 34

National income and product--------------- 1 National parks, visits _____________________ ... 24 National security expenditures______________ 1,17 Newsprint.. ___________________________ ••• 22,37 New York Stock Exchange, selected data ____ 19,20 Nonferrous metals ______ ---------- ___ 7, 19, 22,33 Noninstallment credit_____________________ 17

Oats. ______ --------------------- __ ------- 27 Oil burners·------------------------------ 34 Oils and fats, greases ____________________ 6, 29,30 Orders, new and unfilled, manufacturers'----- 5 Ordnance .. --------------------------- 12,13,14

Paint and paint materials------------------ 6,25 Panama Canal traffic______________________ 23 Paper and products and pulP--------------- 3,

4, 5, 7' 12, 13,14, 15,18, 22,36,37 Parity ratio •• ---------------------------- 6 Passports issued.------------------------- 24 Payrolls, indexes-------------------------- 13 Petroleum and products____________________ 3,

4, 5, 6, 12, 13, 14, 15, 19, 22, 35,36 Pig iron ... ------------------------------- 32 Plant and equipment expenditures__________ 2,19 Plastics and resin material•----------------- 25 Plywood, hardwood.---------------------- 31 Population .• ___ -------------------------- 11 Pork·----------------------------------- 28 Postal savings---------------------------- 16 Poultry and egg•------------------------- 2,6,28 Prices (see also individual commodities)______ 6 Printing and publishing _________ 3,12, 13, 14,15, 37 Profits, corporate·---------------------- 1,18,19 Public utilities _____ 2, 3, 6, 7, 12,13,14,15,19, 20,26 Pullman Company------------------------ 24 Pulp and pulpwood·----------------------- 36 Pumps __________ -------- ____ ------ ____ --- 34 Purchasing power of the dollar______________ 7

Radiators and convectors__________________ 34 Radio and television ____________________ 3,6,9,34 Railroads. ____________ ----- 2, 12, 15, 19, 20, 23,40 Railways (local) and bus lines _____ 12,13,14,15,23 Rayon and acetate________________________ 39 Real estate.------------------------------ 8,16 Receipts, U.S. Government.________________ 17 Recreation _______ .. ___ .... ___ .. _____ ----_ ...... _ 6 Refrigeration appliances, output._---------- 34 Rents (housing>--------------------------- 6,9 Retail trade _______ ----_ 4, 5, 9, 10, 11, 13, 14,15, 17 Rice ... _________________ ------_.--------- 27 Roofing and siding, asphalt_________________ 36 Rubber and products .. 3, 4, 5, 7, 12, 13, 14, 15,22,37 Rye·------------------------------------ 27

Saving, personaL------------------------- 1 Savings deposits. _____ -----------------___ 16 Securities issued •• _------------------ __ --- 19 Services ____ ------.---------------- 1, 9, 12,13, 14 Sheep and lambs.------------------------- 28 Ship and boat building __________________ 12,13,14 Shoes and other footwear ___ ----------- 7, 9, 10,31 Silk, prices, imports, production_____________ 7,39 Silver _______________ --------------------- 18 Soybeans and soybean oiL_________________ 30 Spindle activity, cotton____________________ 39 Steel ingots and steel manufactures ________ 3,32,33 Steel scrap __________________ ------------- 32 Stocks, department stores._________________ 11 Stock prices, earnings, sales, etc_____________ 20 Stone, clay, and glass product•-------------- 3,

4,5,12,13,14,19,38 Stoves and ranges-------------------------- 34 Sugar.----------------------------------- 22,29 Sulfur ... -------------------------------- 25 Sulfuric acid _______ --------_-------------_ 24 Superphosphate ••• ------------_--------___ 25

Tea imports------------------------------ 29 Telephone, telegraph, cable, and radio-tele-

graph carriers _______________ 12,13,14,15, 20,24 Television and radio ____________________ 3,6,9,34 Textiles and product•--··------------------- 3,

4, 5, 7 ,12, 13, 14, 15,18, 22,38, 39,40 Tin _________________________ ---------- ___ 22,33 Tires and inner tubes __________________ 7,9, 10,37 Tobacco and manufactures.---------------- 3,

4, 5, 6, 1, 8,12, 13, 14, 15, 22,30 Tractors.----------- _____________________ 22,34 Trade _____ -------- 5, 9, 10, 11, 12, 13, 14,15, 17, 20 Transit lines, locaL .. ---------------------- 23 Transportation and transportation equip-

ment ___ 3,4, 5, 6, 9,12, 13, 14, 15,19, 22, 23, 24,40 TraveL ••• _-----------_-----------_______ 24 Truck trailers •••• ------------------------- 40 Trucks·---·------------------------- ____ • 34,40

Unemployment and compensation ___________ 11,15 U.S. Government bonds ______________ 16, 17, 19,20 U.S. <lovernment fmance------------------- 17 Utilities ____ ------- 2, 3, 6, 7, 12, 13, 14, 15, 19, 20, 26

Vacuum cleaners.------------------------- 34 Variety stores. ____ -- __ ---------------____ 10 Vegetable oils __________ ------------------_ 29,30 Vegetables and fruits ___ ----------------- 6, 22, 27 Vessels cleared in foreign trade______________ 23 Veterans' benefit•------------------------- 15,17

Wages and salarie•----------------- 1, 2, 13, 14,15 Washers ____ ---- _______ -----------------. 34 Water heaters ... ------------------------- 34 Wheat and wheat flour. __ ----------------- 27, 28 Wholesale price indexe•-------------------- 6, 7 Wholesale trade ______________ 4, 5, 11, 12, 13,14,15 Wood pulp.------------------------------ 36 Wool and wool manufactures ________ 6, 7, 22,39,40

Zinc.------------------------------- ---- 33

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