SCB_031968

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

OF

MARCH 1 968 / VOLUME 48 NUMBER

CONTENTS

THE BUSINESS SITUATION

Summary 1

National Income and Product Tables 4

Manufacturers' Inventory and Sales Expectations,First Half of 1968 8

ARTICLES

Business Investment and Sales Expectations, 1968 10

The U.S. Balance of Payments in the Fourth Quarterand Year 1967 15

NEW OR REVISED STATISTICAL SERIES

Machine Tools Orders and Shipments 35

CURRENT BUSINESS STATISTICS

General S1-S24

Industry S24-S40

Subject Index (Inside Back Cover)

U.S. Department of Commerce

C. R. Smith / Secretary

William H. Chartener / Assistant Secretaryfor Economic Affairs

Office of Business Economies

George Jaszi / DirectorMorris R, Goldman Louis JL Paradiso

Associate DirectorsMurray F. Foss / EditorLeo V, Barry, Jr* / Statistics EditorBilly Jo Hurley / Graphics

STAFF CONTRIBUTORS-TO THIS ISSUE" . '

Business Review and Features;Francis L, HirtDavid R. Hull, Jr/Donald A. KingMarie P» Hertzberg

Articles:Genevieve B. Wimsatt

Waltner LedererEvelyn M* Parrish

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the BUSINESS SITUATION

AGGRIIE GATE demand and produc-tion are increasing substantially in thecurrent quarter, mainly because ofrising consumer expenditures, advanc-ing government outlays, and the re-covery in business spending for newplant and equipment. At present, notenough information is available to showwhat is happening to total inventoryinvestment, but the increase in outputundoubtedly reflects chiefly the upsurgein final sales. This is in contrast to thefourth quarter of 1967, when the rise ininventory investment accounted forone-third of the gain in current dollarGNP, and final sales showed theirsmallest quarterly increase of the year.With demand buoyant and pressureson costs continuing, prices are advanc-ing at the rapid pace evident in thesecond half of 1967.

A strong demand for labor is ac-companying the increase in output, andthe overall rate of unemployment re-mains low. Excess capacity is still adepressing influence on investment in anumber of industries, but it is notenough to offset the stimulating effectsof rising output and profits. The latestOBE-SEC survey (pp. 10-14) indicatesthat the investment decline in the firstthree quarters of 1967 was reversed inthe closing quarter of last year and thatbusinessmen are scheduling moderateincreases in outlays in both halves of1968. If anticipations materialize, cur-rent dollar outlays for the full year willbe 6 percent higher than in 1967.

Most of the broad measures of eco-nomic activity now available for Feb-ruary registered an improvement overJanuary, after seasonal adjustment.Employment and payrolls adjvancedmuch mpre in February than in Janu-

ary, and there was a further increase inretail sales, according to advance re-ports, after a considerable rise in thepreceding month. However, industrialproduction was about unchanged fol-lowing a rather sharp decline the monthbefore.

CHART I

Businessmen Expect for 1968• A 6 percent rise in investment outlays over 1967• Second half of 1968 to be above first• Large sales increases over 1967

PLANT AND EQUIPMENT

EXPENDITURES

20 -

1965 66 67 68Annual

1967 1968*

- Quarterly -*- 2dHalf

Seasonally Adjustedat Annual Rates

5 ~

65 66 67 68* 65 66 67 68* 65 66 67 68*

Change From Previous Year

"Anticipated[

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

Retail sales buoyantThe February sales figures, like those

of the month before, reflected increasesin durable and nondurable goods stores,which brought retail sales in the middleof the first quarter to a rate 4 percentabove the fourth quarter average. Itshould be noted that fourth quarter1967 sales had shown no improvementover the third. On the basis of the datafor the first 2 months of 1968, it isobvious that personal consumptionexpenditures in the current quarterwill advance considerably over thefourth quarter. Part of this rise will bedue to an improvement in automobilesales. Sales of new domestically pro-duced cars in January and Februarywere at a seasonally adjusted annualrate of about 8% million units, ascompared with a rate of 7.3 million inthe strike-depressed October-Decemberperiod.

Income up sharply

It should not come as a surprise thatconsumer buying is finally showing animprovement in view of the rapidincrease in the flow of income sincelast fall. In February, personal incomeadvanced at a seasonally adjustedannual rate of $7% billion, followingincreases of $6.5 billion in November,$6.9 billion in December, and $1.6billion in January. Although recentmonthly changes have been affectedby special circumstances—the recoveryfrom the auto strike in November, thepayment of the retroactive Federal payincrease in December, the bad witherin January, and the rise in the Federalminimum wage in February—the under-lying trend in income is stronglyupward.


SUEVEY OF CUEEENT BUSINESS March 1968

The bulk of the income advance inFebruary occurred in wage and salarydisbursements, which rose $6.3 billionas a result of the combined effects ofhigher employment, higher hourly earn-ings, and a longer workweek/Payrollsincreased substantially in all privateindustry groups and were moderatelyhigher in the public sector. Nonpayrollincomes were up slightly on balance,with property incomes and transferpayments each rising about $% billion.Although prices received by farmersincreased further in February, farmproprietors' income was about un-changed for the third straight month.The February rise in seasonally

Payrolls Expand Sharply inthe First Quarter

CHART 2

Billion $

1UIAL WAUt AND SALAKY UliJBUKStMtNIS ••

lllll.lll12

PRIVATE

lllll.lllMANUFACTURING

GOVERNMENT

1966 1967

Change From Previous Year*lncludes estimates for March.


1968*

adjusted establishment employmentwas particularly sharp. The increase ofabout 550,000 employees was spreadover all major industry groups, butnearly one-half of the total gain oc-curred in contract construction, whereextreme cold in mid-January depressedemployment.

Manufacturing industries showed anet addition of 65,000 workers inFebruary, despite some work stop-pages. A decline of 30,000 in the stone,clay, and glass products group—causedby a strike of glass bottle workers thatbegan on February 1—held the overallemployment advance in durable goodsmanufacturing to 20,000; employmentin nondurables was up by 45,000, withthe major gain in textiles and apparel.Employment in most other importantprivate industries and in governmentcontinued to rise in February, thelargest increases occurring in retailtrade, services, and State and localgovernment.

Increase in minimum wages

Although the large advance in pay-roll incomes was due mainly to higheremployment and a longer workweek,hourly earnings also edged up. The risein earnings partly reflected increasesin Federal minimum wage rates effec-tive February 1, as provided by the1966 amendments to the Fair LaborStandards Act. The U.S. Departmentof Labor estimates that more than7 million workers received a pay raiseas a direct result of the revised wagerates. An unknown number of workersshould benefit indirectly from the newminimum since a rise in the basic rateusually leads to other increases de-signed to maintain previously existingpay differentials.

The 1966 amendments—which be-came effective in February 1967—notonly provided for a series of annualincreases in the minimum wage but,among other things, also increased thenumber of covered workers. Coveragewas extended to approximately 6 mil-lion workers in the service, construction,and trade industries; this included 2million employees of non-Federal hos-pitals and nursing homes and 2% millionworkers in retail outlets. In addition,

about 2K million government employ-ees—approximately 1 million in publicschools—were newly covered, as were Kmillion workers on large farms, for agrand total of nearly 9 million.

The minimum hourly rate applicableto about 33 million nonsupervisory em-ployees in enterprises that had beenrequired to pay the Federal minimumprior to the 1966 amendments ad-vanced 20 cents to $1.60 an hour onFebruary 1, 1968. This followed a 15-cent increase in the preceding year.Almost 6 million covered workers re-ceived pay increases this Februarytotaling an estimated $2 billion (annualrate) because their earnings were belowthe new minimum. Also on February 1,the minimum wage of nonsupervisoryemployees in enterprises to which cover-age was extended in 1967 was raisedfrom $1.00 to $1.15 an hour. About 1.3million workers of the nearly 9 millionnewly covered employees in these in-dustries will receive a total of $325million more (annual rate) from thenew minimum. Next year, a furtherincrease to $1.30 per hour is scheduledfor these workers.

Industrial production little changed

Industrial production rose very littlein February after seasonal adjustment,as a slight decline in manufacturingoutput about offset increases in utilitiesand mining. Strikes in the motor vehicleand glass industries were important inthe manufacturing dip.

Steel output rose about 1 percent inFebruary after a decline in January.H^dge buying by steel users appears tobe increasing. During January (thelatest month for which inventory dataare available) stocks of finished steelheld by manufacturing consumers in-creased by 600,000 tons, after seasonaladjustment, for the largest month-to-month advance since the current in-ventory buildup began early in thefourth quarter of 1967. Stocks held byproducing mills stayed at about theJanuary level, after increasing almoststeadily for more than a year. For millsand manufacturing consumers com-bined, the January increase in steelstocks was moderately above the fourthquarter average.


March 1968 SUKVEY OF CUEEENT BUSINESS

In the automobile industry, strikesin plants of some major producersagain held production of motor vehicleswell below planned schedules. Assem-blies of passenger cars and trucks inFebruary totaled 860,000 units, downfrom 970,000 in January. After seasonaladjustment, the decline over the monthamounted to about 2 percent; however,for January and February combined,output was well above the strike-depressed fourth quarter of 1967. Marchproduction programs for passenger carscall for about 800,000 completions,which would be substantially above theseasonally adjusted February rate.

Price rise continuesPrices of goods and services have

continued to increase at a rapid pace inearly 1968. According to preliminarydata, the wholesale price index ad-vanced 0.6 percent from January toFebruary as a result of increases infarm and food products and industrialcommodities. The consumer price indexwas up 0.3 percent in January.

Prices of farm products and processedfoods, which fluctuated in a fairlynarrow range in 1967, have risen slightlythis winter. Wholesale prices of indus-trial commodities increased 0.4 percentin both January and February, wellabove the rate of increase in the secondhalf of 1967. Increases have been wide-spread among the commodity groups.The high level of production in the steelindustry strengthened demand for steelscrap, and the long strike in the copperindustry has led to higher prices for anumber of copper-containing products.Other significant price increases in theearly part of 1968 occurred for newcars and trucks, and crude oil and homeheating oil. In contrast, there werereductions for synthetic and naturalrubber and a few chemicals.

The consumer price index continuedup in January, with large advances inthe prices of foods and services. The

pace of the consumer price advanceappears to have been fairly steadysince the spring of 1967, at about 0.3percent per month. In January, priceincreases for foods were widespread,with the most sizable advances forfresh vegetables, poultry, and freshmilk. Among nonfood commodities,auto dealers boosted new car prices inJanuary, and apparel prices declined,but much less than they normally do.Increases in service prices in Januaryreflected higher postal rates, boosts inhospital service charges in many areas,increases in a number of medical insur-ance plans, and higher taxicab fares.

Domestic financial developmentsThe effects of large Treasury opera-

tions dominated the financial scenein February. Aside from the normalturnover of short-term bills, the Treas-ury entered the market first in mid-month with over $5 billion in refundingand pre-refunding notes, and again onFebruary 21 with nearly $4.3 billion innew cash notes. During periods of largeGovernment financing, it is customaryfor the Federal Eeserve System to sup-port the Treasury's operations bymaintaining order and stability infinancial markets. Such support gen-erally involves the System in openmarket purchases of government securi-ties, which can in turn lead to an ex-pansion in member bank reserves. Itwas against this background that themonetary authorities moved toward asomewhat more restrictive stance intheir credit policy. This move wasreflected in a slightly slower growth intotal member bank reserves than oc-curred a month earlier, in the transitionduring the month from a surplus to adeficit in free reserves, and in a levelingoff in the money supply.

Although the total reserves of mem-ber banks grew less rapidly in Februarythan in January, the advance wassufficient to allow an expansion of $4

billion in commercial bank credit, mostof it in the form of U.S. Governmentsecurities. Bank investment in suchsecurities rose nearly $3 billion, sea-sonally adjusted—a development re-flecting largely the fact that commercialbanks acquired roughly four-fifths ofthe $4.3 billion Treasury note issue ofFebruary 21. The loan component ofbank credit rose about $1 billion lastmonth, with loans to security dealersup rather sharply while growth inbusiness loans was up only slightly.

Last month's modest move towardtighter credit had little impact onfinancing costs. During February, mostrates and yields moved within verynarrow ranges, showing little net changefor the month as a whole.

Fourth quarter profitsAccording to preliminary data, cor-

porate profits including IVA showed asizable advance of $3% billion in thefourth quarter, reaching a seasonallyadjusted annual rate of $83 billion.Frequently, yearend accounting adjust-ments affect fourth quarter profits, anda development of this kind may haveinfluenced the latest increase. Much ofthe fourth quarter rise centered inmanufacturing, where increases werewidespread. The fourth quarter resultsindicate that profits recovered much ofthe ground they lost in the slowdown inthe early part of 1967, and in view ofthe large rise in output now underway,it is fairly likely that they will recorda new high in the current quarter.

Book profits, which exclude the IVA,rose $5% billion before taxes to reacha record $85% billion. After-tax profits,with a rise of $3% billion, were also ata new high. Since dividends declinedin the fourth quarter, the gain inretained earnings was an extremely large$4% billion. This increase, coupledwith the steady advance in deprecia-tion, resulted in a record rate of cashflow to corporate business.


SURVEY OF CURRENT BUSINESS March 1968

NATIONAL INCOME AND PRODUCT TABLES

1966 1967

1966

III IV

1967

II III IV

Seasonally adjusted at annual rates

Billions of current dollars

1966 1967

1966

III IV

1967

II III IV


Billions of 1958 dollars

Table 3.—Gross National Product in Current and Constant Dollars (1.1, 1.2)

Gross national product

Personal consumption expenditures _.

Durable goods.. _Nondurable goodsServices

Gross private domestic investment

Fixed investment

Nonresidential _Structures.. _ _Producers' durable equipment-

Residential structuresNonfarm _ _ _Farm

Change in business inventoriesNonfarmFarm_._ _ __

Net exports of goods and services _ __ _

ExportsImports

Government purchases of goods and services

FederalNational defenseOther ._

State and local _ _

743 3

465 9

70 3207 5188 1

118 0

104 6

80 227 952 3

24 423 8

5

13 413 7— 3

5 1

43 037 9

154 3

77 o60 516 5

77 2

785 0

491 7

72 1217 5202 1

112 1

107 0

82 626 855 7

24 423 9

g

5 24 8

4

4 8

45 340 6

176 3

89 972 517 4

86 4

748 8

470 1

70 9209 5189 8

116 4

104 9

81 228 253 1

23 7oo o

5

11 412 0— 5

4 6

43 739 0

157 7

79 563 016 6

78 1

762 1

473 g

70 6210 3192 9

122 2

103 7

82 827 755 1

20 920 4

5

18 519 0— 5

4.3

44 o39 7

161 7

81 565 615 9

80 2

766 3

480 2

69 4214 2196 6

110 4

103 3

81 927 754 2

21 420 9

Q

7 17 3

— 2

5 3

45 339*9

170 4

87 170 216 8

83 3

775 1

489.7

72 5217 2200 0

105.1

104 6

81 526 355 2

23 122 5

Q

56

— 1

5.3

45 139 8

175.0

89 572 517 0

85 4

791 2

495 3

72 7218. 5204 1

112 2

108 4

82 826 656 2

25 625 0

Q

3 83 4

4

5.4

45 640 2

178 2

90 973.317 6

87 4

807 3

501.8

73 8220.3207 7

120.8

111 6

84 026 757.3

27 627.0

6

9.27 71 5

3.0

45 442 4

181.7

92 274.218 0

89 5

652 6

418 0

71.3187.7159 1

105 6

93 0

72 823 649 2

20 219 7

5

12 612 9— 3

4 4

40 836 4

124 5

64 7

59 9

669 3

430.1

72.1193.0165 0

96.9

92.1

73 021.851.2

19.118.6

5

4.84 4.4

3.6

42 538 9

138.7

74.1

64.6

654 8

420.4

71.9188.8159 8

103.6

93.0

73 623.749.9

19.419.0

5

10.611.1

K

4.1

41 437.3

126.6

66.4

60.1

661 1

420.4

71.1188.4160.9

108.4

91.2

74.223.051.2

17.016.5

.5

17.217.7—.5

3.2

41.238.0

129.1

67.8

61.3

660 7

424.2

69.7191.8162.6

96.9

90.2

73.022.950.1

17.316.8

.5

6.76.8-.2

4.1

42.438.3

135. 5

72.3

63.2

664.7

430.6

72.9193.6164.1

91.3

90.9

72.621.751.0

18.317.8

.5

.4

.5—.1

4.1

42.3OQ 2

138.7

74.4

64.3

672.0

431.5

72.7192.8166.0

96.4

92.9

73.221.551.7

19.719.2

.4

3.53.2.4

4.2

42.838.6

139.9

75.1

64.9

679.6

434.0

73.0193.6167.4

103.0

94.4

73.321.452.0

21.020.6

.4

8.77.21.5

1.9

42.540.7

140.7

74.7

66.0

Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)


Final salesChange in business inventories _

Goods output. _ _ ___ _ _

Final salesChange in business inventories

Durable goods . ._Final sales _Change in business inventories

Nondurable goodsFinal salesChange in business inventories

Services

Structures

743 3

729 913 4

379 6

366 213 4

154 6144 7

9 9

225 0221 5

3 5

287 2

76 5

785 0

779 85 2

396 0

390 85 2

158 5155 7

2 7

237 5235 1

2 5

311 2

77 8

748 8

737 411 4

381 8

370 311 4

155 7145 8

9 9

226 1224 5

1 5

291 6

75 5

762 1

743 618 5

391 7

373 218 5

161 1148.312 8

230 6224 9

5 7

296 9

73 5

766 3

759 27 1

388 1

380 97 1

153.9150.5

3 4

234 2230 5

3 7

303 1

75 2

775 1

774 65

392 1

391 65

155.5156.0

— 6

236 6235 5

1 1

307 8

75.2

791 2

787 43 8

398 7

394 93 8

161.4157.9

3 5

237 3237 0

3

313 5

79 o

807.3

798.19.2

405.2

396 09.2

163.1158.6

4 5

242.1237 4

4.7

320.3

81.8

652 6

639 912.6

353 7

341 012 6

150.0140.6

9.3

203.7200 4

3.3

235 2

63.7

669.3

664.54.8

361.4

356 64.8

150.2147.8

2.4

211.2208 8

2.4

245.8

62.1

654.8

644.210.6

354.7

344.110.6

150.8141.6

9.2

203.9202.5

1.4

237.9

62.2

661.1

643.917.2

361.1

343.917.2

154.2142.311.9

206.9201.6

5.3

239.8

60.2

660.7

654.06.7

356.6

349.96.7

146.6143.6

3.0

210.0206.3

3.6

242.7

61.3

664.7

664.3.4

359.5

359.1.4

148.3148.9-.6

211.2210.2

1.0

244.4

60.8

672.0

668.53.5

362.9

359.43.5

153.0149.8

3.2

209.8209.5

.3

246. 9

62.3

679.6

671.08.7

366.5

357.88.7

152.9148.8

4.1

213. 6209.0

4.6

249.2

64. p

Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)


Private

Business _ _ _ _NonfarmFarm

Households and institutions

Best of the world

General government.

743 3

666 7

642 4617 6

24 8

20 1

4 2

76 6

785 0

699 6

673 6649 624 0

21 5

4 6

85 3

748 8

670 6

646 2621 624 6

20 3

4 1

78 2

762 1

681 9

656 9633 023 9

20 6

4 4

80 2

766 3

683 9

658 7635 123 6

21 1

4 1

82 5

775.1

690 9

665 3641 923 3

21 4

4 2

84 2

791 2

705 2

679 0654 624 4

21 2

4 9

86 0

807.3

718 7

691 4666 624 8

22 1

5. 1

88 6

652.6

597 5

578 9556 422 4

14 7

4 0

55 0

669.3

610 2

590 5566.424 1

15 3

4.4

59 1

654.8

599 0

580 2558.022 2

14.8

4.0

55 8

661.1

604 2

585.1562.722.4

14.9

4.3

56.9

660.7

602.7

583.6559.923.7

15.1

4.0

57.9

664.7

606.0

586.6563.023.6

15.3

4.0

58.7

672.0

612.5

592.7568.424.2

15.0

4.8

59.6

679.6

619.6

599.2574.424.7

15.6

4.9

60.0


March 1968 SUEVEY OF CURRENT BUSINESS

1966 1967*

1966

III IV

1967

I II III IV*


Billions of dollars

Table 4.'—Relation of Gross National Product, National Income,and Personal Income (1.9)

Gross national product _ . _ _ . .

Less: Capital consumption allowances.

Equals : Net national product

Less: Indirect business tax and nontaxliability .

Business transfer paymentsStatistical discrepancy

Plus: Subsidies less current surplus ofgovernment enterprises

Equals : National income

Less: Corporate profits and inventoryvaluation adjustment

Contributions for social insur-ance. . _ _ _ - - - - -

Wage accruals less disburse-ments

Plus: Government transfer paymentsto persons

Interest paid by government(net) and by consumers

DividendsBusiness transfer payments

Equals: Personal income

743.3

63.5

679.8

65.12.7

-2.6

2.2

616.7

82.2

38.2

.0

41.2

22.321.52.7

584 0

785.0

67.0

717.9

69.72.8

-3.0

1.7

650.3

79.7

43.0

.0

49.1

24.122.82.8

626.4

748.8

63.9

684.9

65.92.7

-3.2

2.7

622. 1

81.9

38.9

.0

41.3

22.421.62.7

589.3

762.1

64.7

697.4

67.02.8

2.6

634.1

84.6

39.8

.0

44.7

23.221.22.8

601.6

766.3

65.5

700.8

67.92.8

-4.0

2.3

636.4

78.1

42.2

.0

48.1

23.722.22.8

612.9

775.1

66.4

708.7

69.12.8

-2.8

2.0

641.6

78.3

42.5

.0

48.6

23.923.12.8

619.1

791.2

67.6

723.6

70.22.8

-1.2

1.6

653.4

79.2

43.3

.0

49.6

24.223.42.8

631.0

807.3

68.6

738.7

71.42.8

-3.8

1.2

669.6

83.0

44.1

.0

50.1

24.722.42.8

642.5

Table 5.—Gross Auto Product in Current and Constant Dollars(1.15, 1.16)

Gross auto product l

Personal consumption expenditures.Producers' durable equipmentChange in dealers' auto inventories. _

Net exports _ .ExportsImports

Addenda:

New cars, domestic 2. .New cars, foreign

Gross auto product 1

Personal consumption expenditures.Producers' durable equipmentChange in dealers' auto inventories..

Net exports.. .Exports _Imports

Addenda:

New cars, domestic 2

New cars, foreign

Billions of current dollars

29.8

24.94.4.4

.01.31.2

27.61.8

27.7

23.94.2

-.11.61.7

25.32.6

28.2

24.74.4

-1.3

.31.61.3

26.11.9

29.6

24.54.3.6

.01.51.5

27.42.1

25.0

22.23.9

-1.1

-.31.31.6

22.82.2

27.8

24.64.3

-1.2

-.11.61.7

25.32.7

27.9

24.54.3

-1.2

.11.91.7

25.42.6

29.9

24.34.31.3

-.21.82.0

27.62.7


30.3

25.44.4.4

.11.31.2

28.21.8

27.7

24.04.1-.6

-.11.71.7

25.52.5

28.8

25.34.4

-1.4

.31.61.3

26.61.8

29.9

24.74.3.7

.11.51.5

27.82.1

25.3

22.63.9

—1.1

-.21.31.6

23.32.2

28.2

25.04.3

-1.3

.01.61.7

25.82.7

27.9

24.64.3

-1.3

.21.91.7

25.62.6

29.4

23.94.11.3

-.21.82.0

27.32.7

1 The gross auto product total includes Government purchases, which amount to $0.2 billionannually for the periods shown.

2 Differs from the gross auto product total by the markup on both used cars and foreign cars.*Fourth quarter 1967 corporate profits (and related components and totals) are preliminary

and subject to revision in next month's STJKVEY.

1966 1967*

1966

III IV

1967

I II III IV*


Billions of dollars

Table 6.—National Income by Type of Income (1.10)

National income

Compensation of employees

Wages and salaries,- ... _.

PrivateMilitaryGovernment civilian. _

Supplements to wages and salaries. _ -Employer contributions for social

insurance. .. ...

Other labor incomeEmployer contributions to pri-

vate pension and welfare fundsOther

Proprietors' income

Business and professionalIncome of unincorporated enter-

prisesInventory valuation adjustment _

Farm. _

Rental income of persons

Corporate profits and inventory valua-tion adjustment

Profits before tax

Profits tax liabilityProfits after tax ... . ...

DividendsUndistributed profits

Inventory valuation adjustment

Net interest

616.7

435.7

394.6

316.714.763.2

41.1

20.3

20 8

17.33.5

59 3

43.2

43 6—.4

16 1

19 4

82 2

83.8

34.549.321 527.8

-1.6

20 2

650.3

469.7

423.8

337.516.469.8

45.9

22.6

23.2

58.4

43.6

44.0— . 4

14.8

20.1

79.7

80.8

33.247.622.824.8

-1.2

22.4

622.1

441.2

399.6

320.115 164.3

41.6

20.6

21 1

59 2

43 3

15 9

19 4

81 9

84.0

34 649.421 627.8

-2.2

20 4

634.1

450. 2

407. 4

326.115.865.6

42.7

21.1

21 7

58 6

43 4

15 1

19 6

84 6

83.9

34 649.321 228.2

.7

21 1

636.4

459.1

414.7

331.416 167.3

44.4

22.2

22 2

57 8

43 2

14 6

19 8

78 1

79.0

32 546.522 224.2

-.8

21 6

641.6

463.4

418.3

333.216.268.9

45.2

22.3

22 9

57 8

43.4

14 3

20 0

78 3

78.9

32.546.523 123.4

-.7

22 1

653.4

472.6

426.2

339.416.370.6

46.4

22.8

23.6

58.8

43.8

15.0

20.2

79.2

80.0

32.947.123.423.6

-.8

22.7

669.6

483.6

435.9

346.217.372.5

47.6

23.3

24.3

59.3

44.1

15.2

20.4

83.0

85.4

35.150.322.427.8

-2.3

23.3

Table 7.—'National Income by Industry Division (1.11)

All industries, total

Agriculture, forestry, and fisheriesMining and constructionM anuf acturing

Nondurable goodsDurable goods

TransportationC ommunicationElectric, gas, and sanitary servicesWholesale and retail trade

Finance, insurance, and real estateServicesGovernment and government enter-

prisesRest of the world.

616.7

22.738.2

192.173.2

118.9

24.812.412.190.8

65.669.3

84.64.2

650.3

21.840.2

196.876.4

120.5

26.113.112.896.1

70.474 7

93 94.6

622.1

22.638.4

193.673.8

119.8

24.712.712.491.1

66.270.2

86.34.1

634.1

22.038.7

198.875.3

123.5

25.412.712.392.6

67.571.3

88.44.4

636.4

21.639.8

195.075.9

119.2

25.512.812.493.5

68.472 6

90.84.1

641.6

21.339.7

194.075.1

118.9

25.713.012.694 9

69.674 1

92 54.2

653.4

22.040.3

196.075.9

120.0

26.513.212.996 D

70.975 3

94 54.9

669.6

Table 8.—Corporate Profits (Before Tax) and Inventory ValuationAdjustment by Broad Industry Groups (6.12)

All industries, total

Financial institutions

MutualStock

Non financial corporations .

M anufacturingNondurable goodsDurable goods

Transportation, communication,and public utilities

All other industries

82.2

9.3

1.97.4

72.9

43.118.724.4

11.918.0

79.7

9.7

70.0

39 518.221.3

12.018.5

81.9

9.5

72.4

42.718.823.9

11.817.9

84.6

9.6

75.0

44.419.225.3

12.018.6

78.1

9.6

68.5

39.618.421.1

11.717.3

78.3

9.5

68.8

38.917.821.1

11.918.0

79.2

9.6

69.6

38.217.720.5

12.119.3

83.0

10.0

73.0


6 SURVEY OF CURRENT BUSINESS March 1968

1966 1967*

1966

III IV

1967

I II III IV*


Billions of dollars

Table 9.— Gross Corporate Product 1 (1.14)

Gross corporate product

Capital consumption allowancesIndirect business taxes plus transfer

payments less subsidies _

Income originating in corporate busi-ness. _

Compensation of employeesWages and salaries _ _Supplements _ _ _ _ _ _ _ _ _ _

Net interest

Corporate profits and inventoryvaluation adjustment

Profits before tax-Profits tax liability. .Profits after tax

DividendsUndistributed profits

Inventory valuation adjustment. .

Cash flow, gross of dividendsCash flow, net of dividends .

Gross product originating infinancial institutions .

Gross product originating innonfinancial corporations - -

Capital consumption allowances _Indirect business taxes plus transfer

payments less subsidies

Income originating in nonfinancialcorporations

Compensation of employeesWages and salaries. _ _ _Supplements.

Net interest

Corporate profits and inventoryvaluation adjustment

Profits before tax _Profits tax liabili ty.__ _ _Profits after tax

Dividends _ _Undistributed profits

Inventory valuation adjustment. _ _

Cash flow, gross of dividendsCash flow, net of dividends, _ _ _

Gross product originating innonfinancial corporations

Current dollar cost per unit of1958 dollar gross productoriginating in nonfinancialcorporations 2

Capital consumption allowances .Indirect business taxes plus transfer

payments less subsidies _ .Compensation of employeesNet interest

Corporate profits and inventory valu-ation adjustment

Profits tax liabilityProfits after tax plus inven-

tory valuation adjustment—

429.6

39.0

38.2

352.4

275.9246.129.8

-2.4

78.980.634.546.019.926.1-1.6

85.065.1

17.5

412.1

37.9

36.5

337.7

261.3233.427.9

6.7

69.771.330.341.018.522.5-1.6

78.960.4

450.2

41.4

40.7

368.1

294.5261.433.1

-2.5

76.177.333.244.021.122.9

-1.2

85.464.2

19.0

431.2

40.2

38.9

352.1

278.3247.431.0

7.3

66.467.628.838.819.619.2

-1.2

79.059.4

433.0

39.2

38.6

355.2

279.0248.830.2

-2.4

78.780.834.646.220.126.1

-2.2

85.465.3

17.7

415.3

38.1

36.9

340.3

264.3236.028.3

6.8

69.271.330.341.018.622.4

-2.2

79.160.5

442.2

39.8

39.2

363.2

284.5253.530.9

-2.4

81.280.534.645.919.626.3

.7

85.666.1

18.0

424.2

38.6

37.5

348.0

269.5240.529.1

7.0

71.570.830.240.618.222.5

.7

79.361.1

441.5

40.3

39.7

361.5

289.1257.132.0

-2.5

74.975.732.543.220.722.5— 8

83.562.8

18.4

423.1

39.1

37.9

346.1

273.7243.730.0

7.1

65.366.128.138.019.218.8-.8

77.257.9

444.5

40.9

40.4

363.1

290.5258.032.5

-2.5

75.175.832.543.321.621.7-.7

84.262.6

18.6

425.9

39.8

38.6

347.5

274.6244.130.5

7.3

65.666.328.238.120.018.1-.7

77.957.9

451.9

41.8

41.1

369.0

296.2262.833.4

-2.5

75.376.132.943.221.621.6

o

.85.063.3

19.1

432.8

40.6

39.3

352.9

279.8248.531.3

7.4

65.766.528.538.020.117.9-.8

78.658.5

463.0

42.5

41.8

378.7

302.2267.834.3

-2.5

79.181,435.146.320.625.7

-2.3

88.868.3

19.8

443.2

41.4

39.9

361.9

285.3253.232.1

7.5

69.171.430.640.919.021.9

-2.3

82.363.3


383.0 388.0 384.6 389.0 384.7 385.3 387.7 394.0

Dollars

1.076

.099

.095

.682

.018

.182

.079

.103

1.112

.104

.100

.717

.019

.171

.074

.097

1.080

.099

.096

.687

.018

.180

.079

.101

1.091

.099

.096

.693

.018

.184

.078

.106

1.100

.102

.098

.711

.018

.170

.073

.097

1.105

.103

.100

.713

.019

.170

.073

.097

1.116

.105

.101

.722

.019

.169

.073

.096

1.125

.105

.101

.724

.019

.175

.078

.098

1 Excludes gross product originating in the rest of the world.2 This is equal to the deflator for gross product of nonfinancial corporations, with the decimal

point shifted two places to the left.*Fourth quarter 1967 corporate profits (and related components and totals) are preliminary

and subject to revision in next month's SUKVEY.

1966 1967

1966

III IV

1967

I II III IV


Billions of dollars

Table 10.—Personal Income and Its Disposition (2.1)

Personal income _ _ _ _ _

Wage and salary disbursements.. -Commodity-producingindustries--

Manufacturi n,gDistributive industriesService industries _ _G o vernment

Other labor income

Proprietors' incomeBusiness and professionalFarm

Rental income of personsDividends _ _ _ _ _ _Personal interest income

Transfer paymentsOld-age, survivors, disability, and

health insurance benefitsState unemployment insurance

benefits ., _ _ --Veteran s benefitsOther

Less: Personal contributions forsocial insurance _ _

Less: Personal tax and nontax pay-ments

Equals : Disposable personal income. _ .

Less : Personal outlaysPersonal consumption expenditures-Interest paid by consumers _-Personal transfer payments to for-

e igners

Equals: Personal saving

Addenda:Disposable personal income :

Total, billions of 1958 dollars

Per capita, current dollars.. _ _ _Per capita, 1958 dollars. _ -

584.0

394 6159.3128 193.963.577 9

20 8

59 343 216.1

19 421.542 4

43 9

20 8

1.85 7

15 6

17 9

75.2

508.8

479 0465.9

12 A

.6

29 8

456.3

2,5842,317

626.4

423.8167.2134.4100.969.586.3

23.2

58 443.614.8

20.122.846 5

51.9

25.7

2.16.6

17.5

20.4

81.7

544.7

505.9491.713.4

.8

38.7

476.5

2,7362,393

589 3

399 6161.0129 794 964.379 4

21 1

59 243 315 9

19 421 642 8

44 0

21 0

1.85 4

15.8

18 4

76.9

512. 4

483 2470.112.5

.6

29 2

458.4

2,5982,324

601 6

407 4164.1132 696 565.581 4

21 7

58 643 415.1

19 621 244 3

47 5

23 2

1.86 3

16 2

18 7

79.6

522.0

487 4473.812.9

.6

34 6

463.2

2.6392,341

612 9

414 7165.7133 198 767 083 4

22 2

57 843 214 6

19 822 245 2

50 8

24 7

2.16 5

17 6

20 0

80.2

532.7

493 9480.213.1

.7

38.8

470.6

2,6862,373

619.1

418.3164.8132.699.668.885 0

22 9

57 843 414.3

20 023 146 0

51 4

25 6

2.16.5

17.0

20.2

79.1

540.0

504.0489.713.3

1.0

36.0

474.9

2,7162,388

631. 0

426.2167.4134.6101.770.286.9

23.6

58.843.815.0

20.223.446.9

52.4

26.2

2.26.6

17.4

20.5

82.8

548.2

509.6495.313.5

.8

38.5

477.5

2,7492,394

642.5

435.9170.8137.2103.471.989.8

24.3

59.344.115.2

20.422.448.0

52.9

26.4

1.96.7

17.9

20.8

84.7

557.9

516.2501.813.8

.7

41.6

482.6

2,7892,413

Table 11.—Personal Consumption Expenditures by Major Type (2.3)

Personal consumption expendi-tures

Durable goods _

Automobile sand parts _Furniture and household equipment.Other

Nondurable goods _

Food and beverages _Clothing and shoesGasoline and oil. _ _Other

Services _.

Housing..Household operationTransportation _ _ .Other

465.9

70.3

29.829.910.6

207.5

106.740.316.244.3

188.1

67.127.013.680.4

491.7

72.1

29.332.010.9

217.5

110.642.817.546.6

202.1

71.328.214.787.8

470.1

70.9

29.830.610.5

209.5

107.341.016.344.8

189. 8

67.427.413.781.3

473.8

70.6

29.630.610.4

210.3

107.240.816.645.7

192.9

68.527.714.082.7

480.2

69.4

27.331.410.7

214.2

109.341.517.146.3

196.6

69.627.814.484.8

489.7

72.5

29.731.910.9

217.2

110.143.217.546.4

200.0

70.628.114.686.6

495.3

72.7

29.932.110.8

218.5

110.943.717.546.4

204.1

71.928.114.889.2

501.8

73.8

30.132.611.1

220.3

112.243.117.847.2

207.7

73.328.815.190.6

Table 12.—Foreign Transactions in the National Income andProduct Accounts (4.1)

Receipts from foreigners

Exports of goods and services...

Payments to foreigners

Imports of goods and services _ -

Transfers to foreignersPersonalGovernment. . - _

Net foreign investment

43.0

43.0

43.0

37.9

2.9.6

2.3

2.2

45.3

45.3

45.3

40.6

2.9.8

2.1

1.8

43.7

43.7

43.7

39.0

2.8.6

2.2

1.8

44.0

44.0

44.0

39.7

2.5.6

1.9

1.8

45.3

45.3

45.3

39.9

2.9.7

2.2

2.5

45.1

45.1

45.1

39.8

3.11.02.0

2.3

45.6

45.6

45.6

40.2

3.1.8

2.3

2.3

45.4

45.4

45.4

42.4

2.7.7

2.0

.3


March 1968 SURVEY OF CUEEENT BUSINESS

1966 1967*

1966

III IV

1967

I II III IV*


Billions of dollars

1966 1967

1966

III iy1967

I II III IV

Seasonally adjusted

Index numbers, 1958=100

Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2) Table 16.—Implicit Price Deflators for Gross National Product (8.1)

Federal Government receipts. _

Personal tax and nontax receipts- . . .Corporate profits tax accrualsIndirect business tax and nontax

accruals. ._ .--.Contributions for social insurance

Federal Government expenditures

Purchases of goods and services ..National defenseOther ...

Transfer paymentsTo personsTo foreigners (net)

Grants-in-aid to State and local gov-ernments

Net interest paid

Subsidies less current surplus of gov-ernment enterprises _

Surplus or deficit (— ), national in-come and product accounts _

143.2

61.732.3

15.933.3

142.9

77.060.516.5

36.033.72.3

14.8

9.5

5.4

.3

151.8

66.531.0

16.637.7

164.3

89.972.517.4

42.940 72.1

16.0

10.5

5.1

-12.5

145.6

63. 132.4

16.234.0

146.3

79.563.016.6

35.933.72.2

15.3

9.6

6.0

-.7

148.6

65.232.3

16.334.7

151.9

81.565.615.9

38.836.91.9

15.6

10.0

5.9

—3.3

149.1

65.530.3

16.237.0

160.9

87.170.216.8

42.240.02.2

15.6

10.4

5.6

-11.9

148.1

64.030.3

16.537.2

162.8

89.572.517.0

42.440.32.0

15.3

10.4

5.3

-14.7

152.7

67.530.6

16.738.0

165.9

90.973.317.6

43.541 22.3

16 0

10 5

5.0

—13.2

157.4

69.132.6

17.038.7

167.9

92.274.218.0

43.341 32.0

17.1

10 7

4 6

—10 5

Table 14.—State and Local Government Receipts and Expenditures(3.3,3.4)

State and local government receipts—. .

Personal tax and nontax receiptsC orporate profits tax accruals ...Indirect business tax and nontax

accrualsContributions for social insurance. _ .Federal grants-in-aid__

State and local government expendi-tures. _

Purchases of goods and servicesTransfer payments to personsNet interest paidLess: Current surplus of government

enterprises _ _ . _ _

Surplus or deficit (— ), nationalincome and product accounts. . _ .

84.7

13.52.3

49 24.9

14.8

81 8

77.27.5.3

3 3

2.9

91.8

15.22.3

53 15.3

16.0

91 7

86.48 4

2

3 4

.1

86.0

13.72.3

49 84.9

15 3

82 7

78.17 6

3

3 3

3.3

87.9

14.32.3

50 65.0

15.6

84 9

80.27 8

3

3 4

3.0

89.3

14.72.1

51 75.2

15 6

88 3

83.38 1

2

3 4

1.0

90.4

15.12 1

52 65.3

15 3

90 6

85.48 3

*2

3 3

-.2

92.6

15.42 3

53 55.4

16 0

92 7

87.48 5

*2

3 4

-.1

95.0

15.62 5

54 45.4

17 1

OK 1

89.5Q Q

2

3 4

-.2

Table 15.—Sources and Uses of Gross Saving (5.1)

Gross private saving

Personal saving. _ .Undistributed corporate profitsCorporate inventory valuation ad-

justment--Corporate capital consumption

allowancesNoncorporate capital consumption

allowancesWage accruals less disbursements....

Government surplus or deficit (— ),national income and productaccounts .

Federal.. _State and local

Gross investment

Gross private domestic investment- .Net foreign investment

Statistical discrepancy.

119 5

29 827.8

—1.6

39 0

24 5.0

3 2

32.9

120 2

118.02.2

—2 6

129 4

38 724,8

— 1 2

41 4

25 7.0

—12 4

—12 5"l

114 0

112.11 8

—3 0

118 7

29 227.8

—2 2

39 2

24 7.0

2 67

3 3

118 1

116.41 8

3 2

128 2

34 628.2

7

39 8

24 9.0

3

3 33 0

124 0

122.21 8q c

m 7

38 824.2

g

40 3

25 2.0

10 8

11 91 0

112 9

110.42 5

A ft

125 1QC A

23.4

tj

40 9OK K

.0

15 0

14 72

107 3

105.12 3o o

I9q A

QQ C

23.6g

XI Q

OK O

.0

10 q

IQ oi

m K

112.22 3

1 9

|«K 7

41 fi27.8

2 3

49 f\

9fi 1.0

10 7

1ft f\o

191 1

120.83

q O


Personal consumption expenditures. -__

Durable goodsNondurable goods *.Services -- -

Fixed investment

Nonresidential

StructuresProducers' durable equipment _.

Residential structuresNonfarmFarm. _ _ . .. _ .

Change in business inventories

Net exports of goods and services

ExportsImports

Government purchases of goods andservices ...

Federal _•State and local

113.9

111,5

98.6110.6118.3

112.5

110.2

118.4106.2

120.9121.1114.1

105.4104.1

123.9

119.1129.0

117.3

114. 3

100.0112.7122.5

116.1

113.1

122.8108.9

128.0128.1120.4

106.7104.3

127.1

121.3133.8

114.4

111.8

98.7111.0118.7

112.8

110.4

118.9106.3

122.0122.2114.6

105.4104.8

124.6

119.7129.9

115.3

112.7

99.4111.6119.9

113.7

111.6

120.1107.7

123.2123.4115.9

106.7104.3

125.2

120.2130.8

116.0

113.2

99.5111.7120.9

114.4

112.2

121.0108.2

123.8124.0117.3

125.8

120.5131.9

116.6

113.7

99.5112.2121.9

115.0

112. 2

121.5108. 3

126.2126.4118.8

126.1

120.3132.9

117.7

114.8

100.1113. 3123.0

116.8

113. 2

123.8108.8

129.9130.1122.4

127.4

121.0134.7

118.8

115.6

101.1113.8124.1

118. 2

114.6

125.0110.3

131.0131.2123.2

129.1

123.4135. 6

Table 17.—Implicit Price Deflators for Gross National Product byMajor Type of Product (8.2)


Goods output.

Durable goodsNondurable goods .

Services

Structures

Addendum:

Gross auto product

113.9

107.3

103.1110.4

122.1

120.1

98.2

117.3

109.6

105.5112.5

126.6

125.3

99.8

114.4

107.6

103.2110.9

122.6

121.2

98. 0

115.3

108.5

104.5111.5

123.8

122.0

99.0

116.0

108.8

104.9111.5

124.9

122.6

98.8

116.6

109.0

104.8112.0

125.9

123.8

98.8

117.7

109.9

105.5113.1

127.0

126.9

99.8

118.8

110.6

106.7113.4

128.6

127.8

101.5

Table 18.—Implicit Price Deflators for Gross National Product bySector (8.4)

Gross national product .

Private. -

BusinessNonfarm . ...Farm

Households and institutions

General government . . . -_

113.9

111.6

111.0111.0110.7

137.0

139.2

117.3

114.7

114.1114.799.7

140.6

144.5

114.4

112.0

111. 4111.4110.8

140.0

115.3

112.9

112.3112.5106.7

141.0

116.0

113.5

112.9113.499.3

142.3

116.6

114.0

113.4114.098.8

143.4

117.7

115.1

114.6115.2100.6

144.5

118.8

116.0

115.4116.1100.3

147.7

*Fourth quarter 1967 corporate profits (and related components and totals) are preliminaryand subject to revision in next month's SURVEY.

HISTORICAL DATA

Historical national income and product data are available fromthe following sources:

1929-63: The National Income and Product Accounts of theUnited States, 1929-65, Statistical Tables (available from anyU.S. Department of Commerce Field Office or from the Super-intendent of Documents, U.S. Government Printing Office,Washington, D.C. 20402, price. $1.00 per copy).

1964-66: July 1967 SURVEY OF CURRENT BUSINESS.


8 SURVEY OF CURRENT BUSINESS

Manufacturers' Inventory and Sales ExpectationsFirst Half of 1968

MANUFACTURERS expect increasesin their inventories in the first twoquarters of 1968 to be larger than thosein 1967. They continue to be quiteoptimistic about near-term sales pros-pects and considered their inventorieson December 31, 1967, to have been inbetter balance relative to sales andunfilled orders than they were earlier in1967. These are the major findings ofthe expectations survey conducted inFebruary by the Office of BusinessEconomics.

Manufacturers expect to add about$2 billion to stocks both this quarter

and next, after seasonal adjustment.Each of these additions would be about$400 million larger than in the fourthquarter of 1967. Mid-1968 inventoriesare expected to equal 1.77 months ofanticipated second quarter 1968 sales—about the same as the ratio for the final3 months of 1967 but lower than thatof a year earlier.

Sales rose 2x/2 percent from the thirdto the fourth quarter of 1967—the bestgain of the year despite the strike in theautomobile industry. According to thecurrent survey, factory sales are ex-pected to rise 4 percent this quarter

CHART 3

Inventory and Sales Expectations

DURABLE GOODS MANUFACTURERS NONDURABLE GOODS MANUFACTURERSBillion $

3

Billion $

3

Inventory Change

J\

Percent

10

Sales Change

1963 64

* Expectations


67 68* 1963

Quarterly, Seasonally Adjusted

64 65 66 67 68*

March 1968

and 2 percent the next. When the salesprojections for the first half are com-pared with those for the full year 1968,as obtained from the plant and equip-ment reporting panel (page 10), acontinued sales advance is implied forthe second half of this year.

Manufacturers holding one-fourth oftotal stocks judged their inventories"high" on December '31, 1967. Thisproportion represented an improvementover the figures reported in the fourprevious surveys, but it was still largegaged by the experience from 1961 tolate 1966. Seventy-two percent of pro-ducers' stocks were in the "about right"category at yearend, while the "low"group continued to be negligible at 3percent.

Durable stocks show steady rise

Durable goods producers added $1.4billion to their inventories from Sep-tember 30 to December 31, 1967, afterseasonal adjustment, and expect tomatch these additions in each of thefirst two quarters of this year. Ifrealized, the value of inventories heldby durable goods producers would riseto $56.7 billion at midyear—equal to2.22 months of shipments anticipatedfor the second quarter. The stock-salesratio both in the middle and at the endof 1967 was 2.28.

Nondurable goods producers expectto increase stocks over $% billion in thefirst quarter of 1968 and again in thesecond. Stocks rose $200 million in thefinal quarter of 1967 after changingvery little in the two precedingquarters. The book value of nondurablegoods producers' stocks would reach anestimated total of $29.6 billion in mid-1968. The stock-sales ratio, whichdeclined throughout 1967 to 1.26 atyearend, is expected to hold at aboutthis figure through the second quarter.

Sales projections strong

Durable goods producers expect sea-sonally adjusted sales to rise 6 percentfrom the fourth quarter of 1967 to thefirst quarter of 1968, the largest quar-terly increase in 3 years. A 2 percentsales gain is anticipated from the first tothe second quarter of 1968. Sales haddeclined in the first half of 1967 and


March 1968 SUKVEY OF CUEKENT BUSINESS 9

then rose 2 percent in each of the nexttwo quarters.

Nondurable goods producers expectsales to rise 2 percent per quarter tomidyear, after seasonal adjustment.Sales increased over 3 percent in thelast quarter of 1967 after increases of1 to 2 percent earlier in the year.

Inventory condition improves

On December 31, 1967, companiesholding 31 percent of durable goodsproducers' stocks judged their inven-tories "high." Those holding 67 percentof stocks considered them "about right,"and 2 percent were in the "low"category. The "high" ratio reached apeak of 37 percent on March 31 of last

ducers rose from 20 percent in Marchto 29 percent in June and then fellsharply to 18 percent at the end of theyear. The "high" ratio for metal usersfell steadily during 1967 from 41 to 32percent (chart 4).

Nondurable goods producers reporteda "high" proportion of 15 percent on

September 30 and December 31 of lastyear. This ratio was down 5 points fromMarch and June 1967 but still exceededthe "high" proportion reported fromJune 1961 to September 1966. The"about right" was 81 percent at theclose of 1967; the low was 4 percent,unchanged from June and September.

Table 1.—Manufacturers' Inventories and Sales; Actual and Anticipated

[Billions of dollars]

yeac"h

Perc

40

20

0

60

40

20

0

40

20

0

ar and fell thereafter, with som(celeration in the rate of decline. Thedgh" ratio for primary metals pro

Condition of Manufacturers' InventoriesThe percent of manufacturers' inventoriesudged "high" generally moved downwardn the second half of 1967ent

METAL PRODUCERS

. , i I i ' , ', I V Y . 1 i '» ', 1 . .' i t , , . i . l ' i , i

METAL USERS

1 1 1 1 ! I 1 1 1 1 1 1 1 1 1 1 1 I 1 1 1 1 1 1 1 1 1

NONDURABLE GOODSMANUFACTURERS

i i i 1 ( i t 1 i i i I \ Vi 1 f \ i 1 i i i 1 i « i ,1961 62 63 64 65 66 67

i All manufacturing __ 69.8Durables 43.6

a Nondurables 26 2

Seasonally adjusted

All manufacturing. _ _ _ 69. 4Durables 43.3Nondurables 26. 1

Sales, total for quarter

Unadjusted

All manufacturing 128. 7Durables _ _ 67.6Nondurables 61.0

Seasonally adjusted

All manufacturing 129. 4Durables , _ . 68.0Nondurables 61.4

72.145.426.6

71.745.026.7

135.372.163. 2

131. 668.563.1

74.147.326.8

74.647.627.0

129.565.863.7

132.568.963.6

77.149.427.7

77.650.027.5

134.170.663.6

134.070.463.5

79.951.628.3

79.451.228.2

131.968.463.5

132.768.863.9

80.652.328.3

80.151.828.3

136.871.665.1

133.268.264.9

80.452.328.1

80.852.628.3

131.666.265.4

135.269.865.4

81.953.328.6

82.453.928.5

138. 771.267.5

138. 771.167.6

84.955.729.2

84.455.329.1

143.474.968.5

144. 175.268.9

86.957.329.6

86.356.729.6

150.880.370.5

146.776.570.2

1. Anticipations reported by manufacturers in February 1968. Inventories have been corrected for systematic tendenciesin anticipatory data.

Sources: U.S. Department of Commerce. Anticipations, Office of Business Economics; actuals, Bureau of the Census.

Table 2.— Manufacturers' Evaluation of the Condition of Their Inventories l

[Percentage distribution]

March 31, 1962 _June 30, 1962September 30, 1962.. . .December 31, 1962 ..._

March 31, 1963June 30, 1963September 30, 1963December 31, 1963

March 31, 1964June 30, 1964September 30, 1964December 31, 1964

March 31 1965..June30, 1965September 30, 1965December 31, 1965

March 31, 1966 .June 30, 1966.September 30, 1966.December 31, 1966

March 31, 1967... .... /...June 30, 1967 : ........September 30, 1967December 31, 1967

Total

High

14141514

15151713

16131413

16161615

15182228

31312725

Aboutright

84848384

82838185

82848284

81808182

81787570

68676972

Low

2222

3222

2343

3433

4432

1243

Durables

High

19171817

17181914

17161515

20202219

18212733

37363431

Aboutright

80828182

81808084

81818182

77777678

79757065

62636367

Low

1111

2212

2343

3323

3432

1132

Nondurables

High

89

1111

12101410

149

119

91088

10131418

20201515

Aboutright

89898686

85888387

84888487

87858888

85838379

78768181

Low

3233

3233

2354

4544

5433

2444

group held by manufacturers who considered their stocks high.


1 Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting companies. Percentdistribution of inventory book values according to companies' classifications of their inventory condition.

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


By GENEVIEVE B. WIMSATT

Business Investment and Sales Expectations. 1968BUSINESSMEN'S 1968 capital budg-ets provide for a moderate increaseover 1967 in expenditures for new plantand equipment. Current plans call foraggregate outlays of $65.2 billion1—$3.6 billion or 6 percent more than in1967. Last year, actual spending rose2 percent, with higher prices account-ing for all of the rise. Prices continuedto increase and in early 1968 were 2%percent above the 1967 average.

Most major industry groups planto increase their outlays in 1968, ac-cording to the regular OBE-SEC surveyof business spending intentions, con-ducted in late January and February.Exceptions are the iron and steel,

1 This figure is adjusted for systematic biases in antici-pated data. (See footnote 2, table 7, for a description of meth-odology.) Before such correction factors were applied, theanticipation was $63.9 billion; the figure for manufacturingwas $27.7 billion, and for nonmanufacturing, $36.2 billion.The net effect of the adjustments, which are applied to eachindustry, is to raise manufacturing by $200 million and non-manufacturing by about $1.1 billion.

CHART 5

Plant and Equipment ExpendituresActual vs anticipated change

5 -

1963 64 65 66 67

Change From Previous Year's Actual


10

motor vehicle, textile, and chemicalindustries in manufacturing and therailroads in nonmanufacturing.

Capital expenditures, after decliningin the first three quarters of 1967, rose3 percent to a seasonally adjustedannual rate of $62.7 billion in thefourth. Spending is expected to risefurther to $64.8 billion in the first 3months of this year, to dip slightlyto $64.3 billion in the second quarter,and to increase to a $66 billion annualrate in the second half. Industrialpatterns within the year are mixed,but from the first to second half,increases are more frequent than de-clines.

The survey results also indicate thatbusinessmen are looking forward tosizable sales improvements this year:10 percent in manufacturing, 7K percent in trade, and 7 percent in publicutilities. These expectations suggest afurther moderate expansion over cur-rent sales rates.Realization of 1967 programs

In each of the first three quarterlysurveys of 1967, businessmen reportedthat they spent less than they hadpreviously planned; only in the lastquarter of the year were expenditureslarger than anticipated. The final re-sult of the successive changes in pro-grams was a 2 percent rise in actualoutlays in 1967 over 1966, instead ofthe 4 percent increase programed earlylast year. This was the first down-ward revision of annual programs in5 years and was undoubtedly relatedto the fact that sales turned out tobe lower than anticipated a year ago.

Downward revisions last year werewidespread among the industries. How-ever, iron and steel manufacturersmaintained their early plans, whilepublic utilities and manufacturers ofpaper, petroleum, and nonautomotive

transportation equipment spent morethan planned.

Factors affecting investment

The economic climate in early 1968appeared generally favorable for the

CHART 6

Expenditures for New Plant and Equipmentby Major Industry Groups©Programs for 1968 strongest in utilities,

communications, and nonrail transportation

•Weakest in railroads

Billion $ (ratio scale)

15 -MANUFACTURING

Quibble Goods;\ - : < X

. .

Nondurable Goods ~ ~10 -.'

6 -

PUBLIC UTILITIES10 -;

- Electric and Gas

6 -

4 - '*>****" ,; • Communications

\ I

4 _ TRANSPORTATION

,. Nonraif

2 -

20

COMMERCIAL & OTHER

*Anticipated ,


I I66 67 68* 1967 1968*

Quarterly, SeasonallyAdjusted at Annual Rates

Data: OBE-SEC

68-3-6


March 1968 SUKVEY OF CUKEENT BUSINESS 11

realization of the moderate investmentrise projected this year. Several factorsthat had a depressing effect on invest-ment in the earlier quarters of 1967changed direction later in the year andhave continued to show an improve-ment. Corporate profits and industrialoutput rose sharply in the second halfafter declining in the first half. Thedecline in capacity utilization in manu-facturing was halted in the fourthquarter. Business sales, which hadchanged little through most of 1967,moved up sizably after October formanufacturers and wholesalers and inthe opening months of 1968 for re-tailers. 'However, there were still un-certainties regarding the possibility ofhigher taxes and interest rates.

Manufacturers' ProgramsManufacturers expect capital outlays

in 1968 to total $27.9 billion, 4% percenthigher than in 1967, with durable andnondurable goods producers contribut-ing about equally to the rise.

The machinery industries—aloneamong the durable goods industries—are continuing to make substantial ex-pansions in their investment programs.Electrical machinery producers arescheduling increases in capital outlaysthis year of 14 percent as comparedwith an actual increase of 4 percent

Table 1.—Business Sales, Actual andAnticipated, 1966-68

[Percent change]

Table 2.—Annual Percent Changes in Plantand Equipment Expenditures, 1963-68

Manufacturing industries L

Durable goods l

Primary metalsElectrical ma-

chineryMachinery, except

electricalTransportation

equipmentStone, clay, and

glass

Nondurable goods 1Food and beverage.TextilePaperChemicalPetroleum .Rubber... _

TradeWholesaleRetail

Public utilities

1966-67

Antici-pated

7.5

8.32.0

13.6

10.4

7.7

4.4

6.75.82.49.29.43.89.3

6.0-' 2. 7

8.2

5.8

Actual

2.1

.5-6.7

2.7

7.3

Q

-.9

3.95.32 03.38. 83.84.2

2.2.7

3.2

5.4

1967-68

Antici-pated

10.1

11.48.4

10.1

12.6

14.3

8.1

8.710.47.29.19.16.4

12.7

7.66.28.5

6.8

All industries !

Manufacturing l

Durable goods *Primary metals _.MachineryTransportation

equipmentStone, clay, and

glass

Nondurablegoods *

Food andbeverage.-- _ _

Textile..Paper. _ChemicalPetroleumRubber _ _

Mining

Railroad

Transportation otherthan rail

Public utilities

Communication

Commercial andother.

Actual

1963-64

14.5

18.4

20.031.119.2

25.0

10 7

16.9

9.517.230.022.415.014.7

14.0

27.5

24.0

10.1

13.4

8.0

1964-65

15.7

20.8

20.920.032.6

27.8

14.9

20.7

16.529.820.031.713.724.5

9.3

23.1

18.4

11.7

15.0

8.8

1965-66

16.7

20.2

22.716.432.3

18.3

16.6

17.6

12.115.234.115.315.824.7

12.9

14.2

22.3

21.1

13.6

8.1

1966-67

1.7

-1.1

-2.15.83.3

-8.9

-19.9

0

1.4-21.3

9.0-3.6

5.015.3

-2.9

-22.4

12.7

17.5

5.3

-3.2

Antici-pated

1967-68

5.8

4.6

5.1-3.712.6

-2.3

-9.4

4.2

5.8-3.4

1.8-1.5

7.521.3

11.2

-17.0

16.4

10.1

9.0

2.1

1. Includes industries not shown separately.

Source: U.S. Department of Commerce.


Sources: U.S. Department of Commerce, Office of BusinessEconomics, and the Securities and Exchange Commission.

from 1966 to 1967; for nonelectricalmachinery manufacturers, the corre-sponding increases are 12 percent and 3percent respectively. The nonautomo-tive transportation equipment and"other durable goods" industries areexpanding their investment programsfor 1968 moderately. In contrast, ironand steel producers are now schedulingdeclines for 1968 as are motor vehicleand stone, clay, and glass firms. Withthe exception of electrical machineryand nonautomotive transportationequipment, the durable goods indus-tries are scheduling a reduction inoutlays from the first to the second halfof the year.

Among nondurable goods industries,rubbor anticipates the largest relativeincrease in investment this year—21percent. The petroleum industry, whichis scheduling a rise of 1% percent for1968, accounts for two-thirds of theincrease over 1967 for nondurable goods.The food-beverage and other nondura-ble industries expect gains of about 5percent, while the remaining soft goodsindustries are projecting little change.Nondurable goods manufacturers as awhole expect rising expenditures

throughout 1968, but the industrypatterns are mixed.

Starts and carryoverLast year, investment in new manu-

facturing facilities fell 1 percent afterincreases in the neighborhood of 20percent in each of the preceding 3 years(table 2). The decrease in new projectsstarted in 1967 was much sharper—11 percent or $3.3 billion. Starts de-clined in all of the major durable goodsindustries; in nondurables, decreases intextiles and chemicals were more thanoffset by increases in food, paper, andespecially petroleum. The term "proj-ects," as used here, includes all types ofcapital investment, ranging from thepurchase of a single piece of machineryor equipment to the construction andequipping of a complete factory.

The volume of starts fell short ofactual expenditures for the year as awhole, and backlogs declined by about$1.2 billion over the year. Backlogs

CHART 7

Manufacturers' Plant and EquipmentExpenditures

Percent Change

- 2 4 -16 - 8 0 . 8 16 2 4r I I I I I

All Industries

Rubber

Electrical Machinery

Machinery, Exc. Electrical

Petroleum

Food and Beverage

Nonferrous Metal

Paper

I i I T I. 1967-68 (anticipated)

"1966-67

Iron and Steel

i i i i i i

Stone, Clay and Glass

i I I I I

Data: OBE-SEC




were about maintained or increased inmachinery (including electrical), food,paper, and petroleum but fell in steel,autos, stone, textiles, and chemicals.

Table 3.—Petroleum Industry Plant andEquipment Expenditures, by Function,1966-67 Actual and Anticipated 1968

Total

ProductionTransportation- _Refining and petro-

chemicalsMarketingOther

1966

Actual

1967

Actual

1968

Antici-pated

(Billions of dollars)

4.42

2.11.18

1.03.74.37

4.65

2.04.26

1.22.80.32

5.00

2.12.33

1.33.84.37

1967-68

Per-cent

change

7.5

3.826.9

9.25.0

15.3

Sources: U.S. Department of Commerce, Office of BusinessEconomics, and the Securities and Exchange Commission.

It is of interest to note that the indus-tries in the former group are anticipat-ing increases in expenditures from 1967to 1968, while all of the latter expectdecreases.

On a quarterly basis, backlogs ap-parently reached their peak around themiddle of 1967, bringing to a halt a5-year advance. Expenditures exceededstarts by $1.1 billion in the thirdquarter of 1967 and by $0.9 billion inthe fourth quarter. Although backlogsfell in the fourth quarter in both dur-ables and nondurables, starts in durablegoods manufacturing seem to have in-creased, after seasonal allowances.

1967 capacity evaluation

In evaluating the adequacy of theirDecember 31, 1967, plant and equip-ment facilities in relation to current and

prospective sales for 1968, manufac-turers indicated a slight easing in needsas compared with evaluations made 3months earlier. Companies owning 44percent of fixed assets in manufacturingreported that they needed more facili-ties, as against 46 percent in September,47 percent in December, 1966, and ahigh of 51 percent in March 1966. Fordurables, the percentage indicating aneed for more facilities dropped from49 to 38 during 1967, with decreasesreported by both the metal fabricatingand primary metals industry groups.Over the same period, the proportion ofnondurable goods companies reportinginadequate facilities rose from 44 to 49as sharply rising needs by petroleumcompanies were partly offset by reduc-tions for food, beverage, and chemicalcompanies.

Table 4. Carryover of Plant and Equipment Projects, Manufacturing and Public utilities1


Manufacturing _

Durable goods 2

Primary metalsElectrical machinery _ _Machinery except electricalTransportation equipmentStone, clay, and glass___ _ _

Nondurable goods 2

Food and beverage _TextilePaper. _Chemical _Petroleum ___ _ _ _

Public Utilities ._ _ _ _ __

March

10.38

5.612.30.33.53

1.48.33

4.78.42.26.61

1.261.90

6.62

19

June

11.26

5.952.56.37.48

1.63.38

5.31.40.28.78

1.392.10

6.53

64

Sept.

11.88

6 21O KQ

.41

.411.86.39

5 68.4028

.771.612.23

6.09

Dec.

12 63

6 622.74.4143

2 02.40

6 01.5429

.771.592.43

5.65

March

14.73

7.983.05.5185

2 31.52

6.75.6037

.881.742.62

7.64

19

June

15.99

8.893.34.6077

2.85.53

7.10.6346

.961.862.72

7.67

65

Sept.

16.23

8.823.38.63.80

2.73.53

7.41.78.51.97

1.902.80

7.24

Dec.

16.90

9.253.52.6678

2.91.50

7.66.7954

.991.892.90

8.03

March

18.19

10.253.68.89

1 312.88.45

7.94.7860

1.042.012.93

9.82

19

June

18.33

10.523.82.92

1.123.06.48

7.81.77.56.94

2.152.80

10.01

66

Sept.

18.48

10.693.86.94

1.003.18.43

7.79.70.52

1.002.352.59

9.92

Dec.

18. 71

11.434.48.97

1.023.12.42

7.28.69.52.81

2.272.38

10.30

March

19.08

11.614.551.081.193.03.34

7.47.68.48.82

2.232.61

13. 40

19

June

19.52

11.614.621.051.112.98.34

7.91.70.46.96

2.442.76

14.24

67

Sept.

18.41

10. 824.151.001.122.76.30

7.59.74.38.91

2.252.74

14.20

Dec.

17.51

10.423.92.98

1.082.60.28

7.09.75.40.78

1.852.66

14.34

1. Carryover refers to expenditures yet to be incurred on plant and equipment projectsalready underway.


Sources: U.S. Department of Commerce, Office of Business Economics, and the Securitiesand Exchange Commission.

Table 5.—Starts of New Plant and Equipment Projects, Manufacturing and Public Utilities 1


Manufacturing. .

Durable goods 2 _ _Primary metalsElectrical machineryMachinery except electricalTransportation equipmentStone, clay, and glass

Nondurable goods 2

Food and beverageTextile _ _ _ _ _Paper _ _ _ChemicalPetroleum _

Public utilities _

Annual

1964

22.13

10.992.68.76

1.762.66.79

11.141.19.84

1.112.524.29

6.41

1965

26.73

14. 033.381.102.553.44.87

12.701.491.231.342.904.30

9.32

1966

"28.79

16.173.981.503.103.22.83

3 12. 621.291.111.333.37

33.91

10.68

1967

25.49

12.692.651.243.022.24.58

12.801.46.78

1.612.464.92

13. 92

1964

I

5.10

2.48.50.16.55.49.19

2.61.26.20.19.59

1.10

2.34

II

5.41

2.65.77.20.36.63.22

2.76.24.19.40.60

1.03

1.48

HI

5.29

2.63.58.20.34.77.18

2.68.27.19.23.72.97

1.27

IV

6.33

3.24.84.20.52.78.20

3.10.42.26.29.61

1.18

1.32

1965

I

6.64

3.62.80.25.83.81.28

3.02.32.28.34.71.98

3.30

II

6.73

3.68.89.29.43

1.21.21

3.06.35.32.34.76

1.03

1.75

III

5.96

2.84.70.24.58.56.20

3.13.47.31.31.67

1.05

1.44

IV

7.39

3.90.99.31.72.86.18

3.49.36.33.35.76

1.24

2.83

1966

I

6.89

3.87.76.46

1.14.59.14

3.02.30.33.35.73.97

3.38

II

6.93

3.78.91.32.49.96.25

3.15.36.28.27.90.95

2.28

III

6.99

3.71.80.32.56.92.18

3.28.27.24.45.94.92

2.28

IV

7.99

4.811.51.41.90.76.26

3.17.36.25.26.81

1.08

2.74

1967

I

6.47

3.26.75.38.88.53.12

3.21.32.18.41.66

1.25

4.93

II

7.25

3.46.88.27.70.66.18

3.78.41.21.56.98

1.32

3.30

HI

5.37

2.54.32.25.71.46.12

2.83.38.13.37.50

1.08

2.62

IV

6.41

3.43.70.35.73.59.16

2.98.35.26.27.32

1.27

3.06

1. Starts are estimated by adding changes in carryover to expenditures during the givenperiod.

2. Includes industries not shown separately.3. Eevised.



March 1968 SURVEY OF CURRENT BUSINESS 13

Facilities viewed as "about ade-quate" for 1968 production require-ments represented 51 percent of manu-facturers' fixed assets as of December31, up from both September and a yearearlier. The rise was accounted for byheavy goods producers; percentagesreported by nondurable goods producerswere lower.

Companies reporting plant and equip-ment in excess of current and near-termneeds accounted for only 5 percent offixed assets at the end of December, aproportion that was maintainedthroughout 1967. There was a highdegree of stability in this proportionin the heavy goods group, with a slighttendency toward decline in thenondurables.

Nonmanufacturing Programs

Investment in nonmanufacturing fa-cilities, during 1967 and as programedfor 1968, provides a fairly steady thoughmoderate upward thrust to businesscapital expenditures. Increases are wide-spread among the component non-

manufacturing groups, with the majorexception of railroads.

Transportation programs mixed

Nonrail transportation firms arescheduling a substantial 16 percent risefor 1968—to $4% billion—on top of the13 percent increase last year. Airlinecompanies expect to invest more than$2% billion in 1968—a 20 percent in-crease from last year. After the sus-tained uptrend in 1967, airlines expectoutlays to dip slightly in the first halfof 1968 but to resume their rise in thesecond half. Expenditures by pipelinesand trucking firms are also scheduledfor considerable expansion during 1968.For the latter group, the increase wouldfollow a cutback of one-seventh from1966 to 1967.

Railroads are continuing to trimcapital expenditures. Their programscall for a 17 percent reduction this yearfollowing a decline of one-fourth from1966 to 1967. These companies hadaccelerated their outlays dramaticallyin the 1961-66 period—at an averageannual growth rate of almost one-fourth.

Table 6.—Manufacturers' Evaluation of Their Capacity[Percent distribution of gross capital assets] 1

More plant and equipment needed

All manufacturing _

Durable goods 2 _Primary metals _ _ _ _Metals fabricators 3

Nondurable goods 2

Food and beverage -Chemical _Petroleum

About adequate

All manufacturing

Durable goods 2

Primary metalsMetal fabricators 3

Nondurable goods 2 _ _ _ _Food and beverage _ _ _Chemical _ _ _ _Petroleum

Existing plant and equipment exceedsneeds

All manufacturing.

Durable goods 2

Primary metalsMetal fabricators 3.

Nondurable goods 2

Food and beverageChemicalPetroleum _

1964

Dec.31

43

41444146397928

51

51425451502072

6

81453

111

(4)

Mar.31

42

42483943377924

52

50385654542076

6

814539,1

(4)

19

June30

47

49535145408324

47

44324650501670

6

71535

1016

65

Sept.30

49

53536146448024

45

40333750471971

6

71424915

Dec.31

48

50535146468323

47

44334750441673

5

61424

1014

Mar.31

51

52615149478131

45

42254748461867

4

614

23712

19

June30

50

51565249458330

45

42304648471668

5

71423812

66

Sept.30

50

51585249478730

46

43284748461269

4

61413711

Dec.31

47

49545144458822

48

44324652471176

5

71434812

Mar.31

45

45484845428027

50

48384951501971

5

71434812

19

June30

45

44424946407637

50

49434851542262

5

71533621

67

Sept.30

46

45434947457537

49

48424851502362

5

7'1532521

Dec.31

44

38314349427939

51

55535449531960

5

71632521

1 According to respondent companies' characterizations of their plant and equipment facilities, taking into account theircurrent and prospective sales for the next 12 months.

2 Includes industries not shown separately.3 Includes machinery, transportation equipment, and fabricated metals industries.* Less than 0.5 percent.Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities and Exchange Commission.

The recent and proposed cutbackscenter in equipment; outlays for road inthe 1966-68 period are being main-tained at a level of about $400 millionper year. The weakness in equipmentprograms shows up in unfilled ordersfor freight cars, which declined morethan 50 percent during 1967. Shipmentsof freight cars in the fourth quarter of1967 were about 30 percent below thefourth quarter of 1966, and the ratio ofyearend backlogs to fourth quartershipments was 4.5 as compared with7.3 a year ago.

Public utilities up

The continued substantial expansionof investment by utilities constitutesone of the strongest areas in the recentinvestment picture. TLiectric utilitiesexpect to spend $8.2 billion this year, 10percent more than in 1967. Last year,

Manufacturers' Evaluation ofExisting Capacity*

Percent of Capital Assets Held by Respondents With —

60

MORE CAPACITY NEEDED

50

40

30

60

50

CHART 8

CAPACITY ADEQUATE

40

20

10

CAPACITY IN EXCESSOE NEEDS

1963 64 65 66 67

End of Quarter, Not Adjusted for Seasonal Variation

* Relative to prospective operations during the ensuing 12-month period.

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


14 SUEVEY OF CURRENT BUSINESS March 1968

outlays increased by one-fourth, sub-stantially more than anticipated earlyin 1967. Under current programs, ex-penditures are expected to rise in thefirst quarter and to level off in theremainder of the year on a seasonallyadjusted basis.

Expenditures in 1968 by gas utilitiesare expected to rise 12 percent aftera 3 percent decline in 1967. Spendingis scheduled at a higher rate in thefirst half of 1968 than in the second.

The value of new investment projectsstarted by public utilities in 1967amounted to $13.9 billion, up 30 percentor $3.2 billion from 1966; the corre-sponding rise in expenditures was 18percent. The total cost of projectsinitiated during 1967 exceeded expendi-tures by $4 billion—bringing the end-of-year carryover to $14.3 billion.Starts rose in the fourth quarter, but

somewhat less than might have beenexpected on a seasonally adjusted basis.

Communications companies are pro-graming a rise of 9 percent to $6K billionfor 1968, as compared with a 5 percentrise last year. After a 3 percent declinein 1967, commercial firms are raisingtheir investment by 2 percent in 1968to $12.6 billion, with the increaseattributable to wholesale, retail, andconstruction firms. Most of the com-ponent industries are anticipating apickup in the second half.

Sales Expectations

Manufacturing, trade, and utilitiescompanies are expecting substantiallylarger sales advances in 1968, more thanthe actual increases experienced in1967 (table 1). The anticipated 1968

increase for durable goods manufactur-ing is 11K percent, for nondurable goodsproducers, 8% percent. Wholesale andretail trade firms are looking forwardto sales advances of 6 percent and 8%percent respectively, while utilities arethinking in terms of a 7 percent gain for1968. Actual sales of manufacturersand trade firms last year fell short ofexpectations while those of publicutilities were about in line.

When the annual sales expectationsfor manufacturing and trade are com-pared with the seasonally adjustedsales rates in early 1968 (rather thanwith those for 1967), they each implyfurther advances of about 3 percent.The further gains are widespread amongthe manufacturing industries; excep-tions are chemicals and stone, clay,and glass.

Table 7.—Expenditures for New Plant and Equipment by U.S. Business,1 1966-68[Billions of dollars]

All industries

Manufacturing industries _ -_

Durable goods industries. _

Primary iron and steelPrimary nonferrous metalElectrical machinery and equipmentMachinery, except electrical.

Motor vehicles and partsTransportation equipment, excluding mo-

tor vehicles. _ _ _Stone, clay, and glassOther durable goods 3_ _

Nondurable goods industries _ _

Food and beverageTextile _PaperChemical _ _ _ _ _

Petroleum. -RubberOther nondurable goods <_

Mining.

Railroad

Transportation, other than rail

Public utilities

Communication.

Commercial and other 5_

Annual

1966

60.63

26.99

13.99

2.17.86

1.192.86

1.93

1.09.91

2.98

13.00

1.391.131.502.99

4.42.42

1.14

1.47

1.98

3.44

8.41

5.62

12.74

1967

61.66

26.69

13.70

2.31.90

1.242.95

1.66

1.09.73

2.83

13.00

1.41.89

1.642.88

4.65.49

1.04

1.42

1.53

3.88

9.88

5.91

12.34

19682

65.23

27.93

14.39

2.14.94

1.413.30

1.58

1.11.66

3.25

13.54

1.49.86

1.672.84

5.00.59

1.10

1.58

1.27

4.51

10.88

6.45

12.60

Quarterly, unadjusted

1966

I

12.77

5.61

2.87

.42

.18

.23

.61

.43

.18

.19

.62

2.74

.31

.27

.30

.61

.94

.08

.24

.33

.40

.75

1.60

1.26

2.83

II

15.29

6.78

3.51

.54

.22

.29

.69

.50

.28

.22

.77

3.27

.37

.32

.37

.75

1.08.10.28

.40

.55

1.00

2.09

1.42

3.06

III

15.57

6.84

3.54

.56

.20

.30

.68

.50

.30

.24

.76

3.30

.34

.28

.39

.74

1.12.11.31

.37

.48

.82

2.36

1.36

3.33

IV

17.00

7.75

4.07

.65

.25

.38

.88

.50

.32

.26

.83

3.68

.36

.26

.45

.88

1.28.13.31

.38

.55

.86

2.36

1.58

3.52

1967

I

13.59

6.10

3.08

.48

.20

.27

.70

.38

.24

.20

.61

3.02

.33

.21

.40

.70

1.02.11.24

.32

.41

.70

1.84

1.35

2.87

II

15.61

6.81

3.46

.58

.23

.30

.78

.45

.26

.18

.68

3.34

.39

.23

.42

.76

1.17.13.25

.34

.41

1.12

2.46

1.49

2.99

III

15.40

6.48

3.33

.56

.23

.30

.71

.41

.27

.16

.69

3.15

.35

.22

.42

.69

1.11.12.26

.37

.35

.98

2.66

1.46

3.09

IV

17.05

7.30

3.82

.69

.24

.37

.76

.42

.32

.18

.85

3.48

.34

.23

.40

.72

1.35.14.30

.39

.36

1.07

2.92

1.62

3.39

1968

12

14.26

6.14

3.17

.45

.21

.30

.78

.33

.24

.14

.74

2.97

.32

.18

.36

.66

1.06.13.26

.35

.33

.92

2.25

U.27

112

16.31

7.08

3.66

.53

.24

.33

.82

.45

.28

.18

.84

3.41

.39

.21

.41

.74

1.23.14.29

.41

.30

1.11

2.78

4.62

2dhalf 2

34.65

14.72

7.56

1.16.49.78

1.71

.80

.60

.341.67

7.16

.78

.46

.901.44

2.71.32.56

.82

.64

2.48

5.84

10.15

Quarterly, seasonally adjusted annual rates

1966

I

58.00

25.60

13.15

2.00.80

1.102.70

2.10

.85

.852.75

12.45

1.351.201.352.75

4.40.35

1.05

1.40

1.75

3.30

8.25

5.35

12.35

II

60.10

26.80

13.85

2.20.90

1.152.70

1.85

1.15.85

3.05

12.95

1.401.351.503.00

4.35.45

1.05

1.55

2.00

3.50

8.30

5.50

12.45

III

61.25

27.55

14.35

2.20.80

1.202.90

1.90

1.25.95

3.15

13.20

1.351.151.503.05

4.40.40

1.30

1.45

1.85

3.40

8.55

5.60

12.85

IV

62.80

27.75

14.50

2.25.90

1.253.10

1.90

1.10.95

3.00

13.25

1.40.95

1.603.15

4.55.45

1.15

1.45

2.35

3.50

8.50

5.95

13.30

1967

I

61.65

27.85

14.20

2.35.90

1.253.15

1.80

1.10.90

2.70

13.70

1.45.95

1.903.20

4.65.50

1.05

1.40

1.80

3.05

9.20

5.75

12.55

II

61.50

27.00

13.75

2.35.90

1.203.15

1.70

1.05.70

2.65

13.25

1.45.90

1.703.00

4.70.50

1.00

1.30

1.55

3.90

9.70

5.80

12.25

III

60.90

26.15

13.50

2.25.95

1.253.00

1.55

1.10.65

2.80

12.65

1.40.85

1.652.85

4.45.45

1.05

1.45

1.40

4.10

9.80

6.05

11.95

IV

62.70

26.00

13.50

2.30.85

1.252.60

1.60

1.15.65

3.15

12.55

1.35.85

1.402.55

4.75.50

1.10

1.50

1.40

4.45

10.65

6.05

12.65

1968

12

64.80

28.00

14.60

2.25.95

1.403.45

1.55

1.10.60

3.30

13.40

1.45.85

1.702.95

4.80.55

1.10

1.55

1.45

4.00

11.25

|l8.55

112

64.30

28.10

14.55

2.20.95

1.353.30

1.70

1.10.70

3.30

13.55

1.45.85

1.652.95

4.95.60

1.15

1.60

1.15

3.90

10.95

18.60

2dhalf 2

66.05

27.85

14.25

2.10.95

1.453.25

1.50

1.15.65

3.20

13.60

1.55.90

1.652.75

5.10.60

1.05

1.60

1.25

5.10

10.70

19.50

1. Data exclude expenditures of agricultural business and outlays charged to currentaccounts.

2. Estimates are based on anticipated capital expenditures reported by business in lateJanuary and February 1968. The estimates for the first quarter, second quarter, and secondhalf of 1968 have been adjusted when necessary for systematic tendencies in anticipatorydata. The adjustment for each industry and time period is based on the median ratio of actualto anticipated expenditures for the past 5 years. However, no adjustment is made unless theanticipations have shown a bias in the same direction in at least 4 of the last 5 years and inat least two-thirds of the last 9 years.

3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneousindustries.

4. Includes apparel, tobacco, leather, and printing-publishing.5. Includes trade, service, finance, and construction.NOTE.—Details may not add to total because of rounding. Data for earlier years were pub-

lished in the June 1956, March 1958, 1960, 1961, 1962, 1963, 1964, 1965, 1966, and 1967 issues ofthe SURVEY.



By WALTHER LEDERER and EVELYN M. PARRISH

J_ HE U.S. balance of payments de-teriorated sharply in the final quarterof 1967. Measured on the liquidity basis,the balance after seasonal adjustmentwas adverse by $1,850 million in thefourth quarter, about $1,200 millionmore than in the third. For 1967 as awhole, the deficit was $3,575 million,as compared with $1,360 million in1966.

On the official reserve transactionsbasis, the balance was adverse by$1,200 million in the fourth quarterafter a $450 million surplus in thethird. For 1967, the deficit measuredon this basis was $3,400 million, as

The U.S. Balance of Payments inthe Fourth Quarter and Year 1967

compared with a $225 million surplusthe year before.

Official reserve assetsAlthough the balance of payments

measured on either the liquidity or theofficial reserve transactions basis wasadverse by an exceptionally largeamount, official reserve assets rose$181 million in the fourth quarter.This was the third consecutive quarterin which reserve assets have risen. Inthe fourth quarter, however, the compo-sition of U.S. reserve assets underwenta major change. Gold holdings declined$1,012 million, while holdings of con-

vertible currencies increased $1,145million and the U.S. gold trancheposition in the IMF improved $48million. The fourth quarter decline ingold holdings was exceeded only in thesecond quarter of 1958, when Europeancountries made a major attempt torebuild their official gold reserves. Inthe fourth quarter of last year, only arelatively small part of the gold soldby the United States moved into foreignofficial reserves.

To a large extent, the rise in con-vertible currency holdings reflectedcurrency swaps that United States andBritish monetary authorities made in

CHART 9

U.S. Balance of International Payments-Cumulative Quarterly DataBillion

1.0

-3.0

-3.5

-4.0

Billion $

1.0

BALANCE ON, LIQUIDITY BASIS BALANCE ON OFFICIAL RESERVETRANSACTIONS BASIS

CHANGE IN U.S. OFFICIAL .RESERVE ASSETS(Gold, Convertible Currencies,,and IMF GoldTranche), (decrease—) ; . '

CHANGE JNIJ.1GQLP HOLDINGS;' ' '

-i.o

-1.5

-2.0

-2.5

- 3.0

Mar, June Sept.

Seasonally Adjusted

Mar. June Sept.

Seasonally Adjusted

Dec, Mar. Sept. Mar. June Sept.


-I/Includes $259 million payment of gold portion of increasedU.S. subscription to the IMF in the second quarter of 1965. 68-3-9

15


16

order to help the United Kingdomsupport the exchange value of sterling.The decline in gold reserves occurredprimarily in December and reflectedtemporary uncertainties associated withthe events surrounding the devaluationof the pound on November 18.

Changes in liquid liabilities

Liquid liabilities to foreign residentsincreased during the fourth quarterby about $2,080 million, of which$1,320 million was accounted for byliabilities to foreign official agenciesand $760 million by liabilities toforeign private banks, private residents,and international organizations otherthan the IMF.

Several developments affected thedistribution of liquid liabilities betweenthose to private and those to officialaccounts. About $150 million of therise in foreign official holdings of liquiddollar assets may have been due toseasonal shifts from foreign privatebanks to central banks in order toimprove the yearend positions of the

SURVEY OF CUEEENT BUSINESS

former. After seasonal adjustment, thefourth quarter increase in foreignprivate dollar holdings came to slightlymore than $900 million, an extra-ordinarily large amount as comparedwith the longrun trend in such holdingsbut less than the $1.2 billion increasein the third quarter. The fourthquarter rise in dollar assets in foreignprivate accounts was the net resultof large reductions in some foreignaccounts (presumably made to pay forthe large private gold purchases),some conversions of dollar assets intoforeign currency assets, and more thancompensating increases in other ac-counts. To a large extent, the rise indollar holdings in foreign private ac-counts in both the third and the fourthquarter was due to shifts by foreignresidents from sterling into dollarassets.

The fourth quarter rise in foreignofficial holdings of dollars, which wasexceptionally large even after adjust-ment for seasonal variation, reflectedfirst, proceeds from gold sales made byforeign central banks and second,

Balances on Goods and Services and on Capital Transactions

Billion $

3.5

3.0 —

2.5 —

2.0

1.5 —

1.0 —

CHART 10

Billion $

0

Net Exports of Goods and Services(left scale)

I 1 I

, , Net Capital Movement

(Outflow-)(right scale)

I I I. I I I I I I I I

V

i.o

1.5

2.0

-2.5

3.0

I I I I I I I I I _L_LJ__3.5

1960 1961 1962 1963 1964

Quarterly, Seasonally Adjusted

* Exclude nonscheduled repayments of U.S. Government credits and long-term liabilities of U.S. banks.


1965 1966 1967

March 1968

conversions of dollars into other cur-rencies by private foreigners.

The balances

The $181 million rise in U.S. officialreserve assets and the $2,084 millionincrease in liquid liabilities to allforeign residents account for a fourthquarter adverse balance on foreigntransactions of $1,903 million measuredon the liquidity basis. After seasonaladjustment, this balance was about$1,850 million, as was mentioned above.

The $181 million rise in U.S. officialreserve assets, combined with the$1,324 million increase in liquid liabili-ties and a $247 million increase in otherliabilities to foreign official organiza-tions, accounted for a fourth quarteradverse balance of $1,390 million meas-ured on the official reserve transactionsbasis. Seasonal adjustments reducedthis balance to about $1,200 million.

Major fourth quarter changes

The major changes in the inter-national transactions of the UnitedStates are indicated in chart 10,which shows that for the first time inthe last 8 years a major decline in thebalance on goods and services coincidedwith a major increase in net capitaloutflows. Usually these two majorbalances have moved in opposite direc-tions and thus their effects on thebalance of payments as a whole havecanceled one another out to a largeextent. This time the effect of theirmovements was additive and con-tributed to the extraordinary deteriora-tion in the balance of payments.

The most important changes ac-counting for the sharp deterioration ofthe balances measured on either basis(shown in table A) were:

(1) An $830 million deterioration inthe credit balance on nonmilitarymerchandise trade, as imports increased$660 million and exports declined$170 million;

(2) The liquidation by the UnitedKingdom Government of its portfolioof U.S. corporate securities and U.S.Government agency bonds, which ac-counted for most of the $520 million


March 1968 SURVEY OF CUEEENT BUSINESS 17

adverse change in transactions in U.S.securities, other than Treasury issues,by United Kingdom residents;

(3) A $40 million increase in netdebits on Government grants andcapital transactions, due mainly tochanges in Government liabilities onmilitary contracts, while grants andnew loans to foreign countries remainedunchanged;

(4) A $170 million decline in thenet credit balance on unrecorded trans-actions, from net receipts of $210million in the third quarter to about$40 million in the fourth. Even afterthe decline, this balance remainedmore favorable than the quarterlyaverage in recent years.

The adverse changes were partlyoffset by:

(1) A $75 million decline in the netoutflow of private U.S. and foreigncapital other than liquid funds. Thisreflected a $535 million rise in the netoutflow of corporate funds offset by a$470 million favorable shift in themovement of banking funds and a$150 million improvement in the bal-ance on transactions in U.S. and foreignsecurities (omitting the British liquida-tions and other special transactions);

(2) A $230 million improvement inthe balance on goods and services otherthan nonmilitary merchandise trade—due mainly to a decline in travel ex-penditures and an increase in transfersunder military sales contracts—and inprivate remittances and Governmenttransfer payments;

(3) A $50 million increase in net in-vestments by foreign official and inter-national agencies in time deposit cer-tificates and time deposits, Governmentagency bonds, and certain nonmarket-able, nonconvertible Government bondswith an original maturity of 1 year ormore. Many of the time deposits, timedeposit certificates, and Governmentagency bonds approach in liquiditythose that are classified as liquid liabil-ities. Net foreign investments in suchfinancial instruments affect the balancemeasured on the liquidity basis, but tothe extent that they are made by for-eign official agencies, they have no effecton the balance measured on the officialreserve transactions basis.

Temporary factors in fourth quarterbalance

The large adverse balance in thefourth quarter can be attributed in partto developments that are likely to affectthe balance of payments for only arelatively short period. Among thelatter were the strike in the copperindustry and the stockpiling of steel inanticipation of a strike later this year.These and other temporary fluctuationsmay have raised fourth quarter importsabout $150 million to $200 million abovethe amount they might have been other-wise. Short-term investments abroad byU.S. corporations were also exception-ally high ^s compared with previousexperience, and were not likely to havecontinued at that rate. In any case,the present program to restrain capitaloutflows can be expected to preventsimilar outflows and to result in re-patriations of some of these funds.Another temporary adverse develop-ment was the liquidation by the .BritishGovernment of its securities portfolio.

These adverse developments wereoffset by a more favorable balance onunrecorded transactions than has gen-erally been the case and, in the balancemeasured on the liquidity basis, bynet receipts of $160 million from invest-ments by foreign official agencies andinternational institutions in time de-posits, time deposit certificates with anoriginal maturity of 1 year or more,and U.S. Government agency bonds. Al-together, these temporary developmentsand special financial transactions mayhave adversely affected the fourthquarter balance measured on the liquid-ity basis by roughly $600 million to$700 million. In the previous quarter,temporary developments and specialfinancial transactions were estimatedto have improved the balance about$300 million.

Goods and Services

The balance on goods and servicesdeclined to about $700 million in thefourth quarter from $1.4 billion in the

Table A.—Balances of Major Transactions

[Millions of dollars]

Balance on goods and services, excluding transfers under military grants.

Balance on nonmilitary merchandise tradeBalance on travelBalance on military transactions _ _ _ _Balance on investment income. _ _

Private remittances, netU.S. Government pensions and other transfers __ _Private, U.S., and foreign capital other than liquid funds, net * _ _

Corporate capital (assets and liabilities)Security transactions (assets and liabilities). _Claims and liabilities reported by U.S. banks _Claims and liabilities reported by brokerage concerns

Government grants and capital, netGrants (excluding military) and capital outflows. _ __ .Scheduled loan repaymentsLiabilities other than marketable or convertible securities 2

Errors and omissions

Special financial transactions:Investment by foreign official agencies in long-term time deposits or

certificates of deposit in U.S. banks 2

Investment by international and regional organizations in long-termtime deposits or certificates of deposit and U.S. Government agencybonds. _ __ _ __

Nonscheduled loan repayments by foreign governments of U.S.Government credits

Liquidation of U.S. securities other than Treasury issues by UnitedKingdom (Government and private)

Other transactions listed in table B

Total of above transactions equals balance measured on liquidity basis. _

1966

5,102

3,658-1,084-2,847

4,171

-647-363

-2, 906-2,838

-322246

8

-3, 807-4, 680

80667

-302

788

439

428

-10112

-1,357

1967

4,798

3,483-1, 529-3, 046

-4, 506

-83544g

—3, 506-2, 581

-398-482-45

-3, 881-5, 129

997251

-595

1,020

293

6

-45630

-3,575

Change,1966-67

-304

-175-445-199+335

-188-85

-600+257. -76•-728

-53

-74-449+191•+184

-293

+232

-146

-422

-355+18

-2,218

1967

III IV Change,III-IV

Seasonally adjusted

1,408

1,077-484-8571,257

-200-156

-1,089-561-112-391-25

-931-1, 204

23340

209

-15

121

5

10

-638

719

243-323-7501,235

-167-102

-1,014-1, 096

3675

-29

-975-1,208

261-28

37

147

13

-510

-1,851

-689

-834+161+107-22

+33+54+75

-535+148+466

-4

-44-4

+2868

-172

+162

-108

-5

-520

-1,213

1. Corporate capital, see table E; security transactions, see tables 1 and 2, lines 34-36, 52, less new issues by U.S. corpora-tions included in corporate capital and less transactions shown in table B; claims and liabilities reported by U.S. banks, seetables 1 and 2, lines 37, 38, 53, less transactions shown in table B; claims and liabilities reported by brokerage firms, see tables1 and 2, parts of lines 40 and 55.

2. Net of conversion of long-term certificates of deposit into nonmarketable, nonconvertible, medium-term U.S. Govern-ment securities in the third quarter.



third. The fourth quarter balance wasthe lowest since the first half of 1960,and the $700 million deterioration waslarger than in any previous quartersince 1950. The decline in the balanceon nonmilitary merchandise trade waseven larger, but was partly offset byimprovements resulting from largertransfers under military sales contractsand from reduced travel expenditures.

Nonmilitary merchandise tradeImports, after a slight drop in the

second and third quarters, rose $660million in the fourth. The increasestemmed partly from the rise in businessactivity in the second half of the yearand partly from special circumstances.Included in the latter category was an$85 million rise in petroleum imports;this recovered some of the $60 millionshortfall in the preceding quarter thatresulted from the war in the MiddleEast. Imports of steel, copper, andother metals advanced more than $210million; over half of this rise may havebeen associated with threatened oractual domestic strikes. Imports offoodstuffs and beverages increased $50

million, which was double the averagequarterly increase during recent years.Imports that reflected special circum-stances may have been about $150 mil-lion to $200 million, and may haveaccounted for more than one-third ofthe change from the third quarter.

There was also an $85 million increasein industrial materials other than thosementioned above and a new spurt inimports of consumer goods other thanpassenger cars; the latter had beenrelatively stable during the second andthird quarters but rose about 6 percentin the last quarter of the year. Importsof automotive products (other thanthose of domestic type from Canada),which dropped from the middle of 1966to the middle of 1967, started to riseagain in the third quarter of 1967; thisrise sharply accelerated in the fourth,when imports reached a seasonallyadjusted annual rate of $1.2 billion.Imports of capital goods did not in-crease but remained close to the peakof the last quarter of 1966. January1968 figures indicate a further rise inimports of foreign-type automotive

products and a resumption of the up-ward movement in imports of capitalgoods.

U.S. exports of nonmilitary goods inthe fourth quarter were about $170million less than in the third. About$80 million of this decline was inagricultural products, which droppedto the lowest level in nearly 3 yearsbecause of a substantial increase in theharvest of agricultural products abroad.The fourth quarter decline in exportsof nonagricultural products reflectedmainly the drop in petroleum ship-ments, which returned to the levelprevailing before the closing of theSuez Canal last June.

Omitting the extraordinary petroleumshipments in the third quarter, fourthquarter nonagricultural exports to de-veloped countries rase almost $100million and nearly returned to the peakreached in the second quarter. To alarge extent, the recent recovery inexports to these countries was due torising deliveries of commercial air-craft. Exports to less developed coun-tries, however, declined, in part because

Table B.—Changes in Near-Liquid Liabilities, IN on scheduled Repayments by Foreign Governments of U.S. Credits, and Other SpecialFinancial Transactions by U.S. and Foreign Official and International Agencies


Lines in tables 1, 2, and 8 in which trans-actions are included are indicated in ( )

Investment by foreign official agencies inlong-term time deposits or certificatesof deposit in U.S. banks (53) *

Investment by international and regionalorganizations:

In long-term time deposits or certifi-cates of deposit in U.S. banks (53)....

In nonguaranteed U.S. Governmentagency bonds (52)

Nonscheduled repayments by foreigngovernments of U.S. Governmentcredits (45)

Nonscheduled repayments by CanadianGovernment of U.S. private credits(35)

Canadian Government purchases ofIBKD bonds from U S owners (36)

Postponement of new issues of Canadiansecurities (34)..

Liquidation of U.S. securities other thanTreasury issues by United Kingdom(Government and private) (52)__. _ .

Deferral of service on United Kingdomloan (13 and 44)

Effect on balance measured on —

Liquidity basis

1965

-38

205

15

221

150

-522

138

1966

788

195

244

428

139

23

—150

-101

1967

1,020

172

1-21

6

30

-456

1966

I

43

13

73

3

40

—150

-61

II

284

161

139

7

69

-46

III

88

11

27

226

30

23

-19

IV

373

10

5

192

25

1967

I

304

69

-6

-28

II

584

25

71

(*)

30

71

III

-15

54

67

5

10

IV

147

24

-11

(*)

-510

Official reserve transactions basis

1965

221

150

-522

138

1966

428

139

23

—150

-101

1967

6

30

-456

1966

I

3

40

—150

-61

II

7

69

-46

III

226

30

23

-19

IV

192

25

1967

I

-28

II

(*)

30

71

III

5

10

IV

(*)

-510

*Less than $500,000 (±).1. Includes also certain foreign official investments in nonmarketable, nonconvertible, medium-term U.S. Government securities.


March 1968

of lower shipments under Governmentassistance programs. Exports to lessdeveloped countries are also affectedby business conditions in the moreadvanced countries several quartersearlier, and fourth quarter exportsmay still have been influenced by therelatively slow rate of business expan-sion in the United States as well as inseveral European countries in the firsthalf of 1967.

Income on investment

Income on U.S. direct investmentabroad, after seasonal adjustment, wasabout the same as in the third quarter.Incomes from Latin America and theNear East continued to reflect thehigher oil profits that followed theclosing of the Suez Canal. The increasein incomes from the United Kingdomin the fourth quarter reflected specialdividends, and the rise in incomes re-ceived from the European EconomicCommunity was due principally to amajor special dividend that was re-invested and that is included in thedirect investment outflow figure. In-comes from Canada, which in thesecond and third quarters of 1967 hadbeen higher than a year earlier, in thefourth quarter were $50 million lessthan a year ago. These changes inquarterly incomes from a year ago mayreflect shifts in the timing of dividenddistributions rather than changes inearnings.

Other goods and servicesU.S. travel expenditures in foreign

countries, after seasonal adjustment,dropped about $150 million in thefourth quarter. The decline reflectedthe ending of the exceptionally largevolume of travel to the Canadianexposition in Montreal that occurredin the second and third quarters.

Travel expenditures in the UnitedStates by foreign residents, after sea-sonal adjustment, rose slightly in thefourth quarter. This increase, togetherwith the much larger decline in U.S.travel expenditures, resulted in anoverall improvement of about $160million in the balance on travel expedi-tures.

Deliveries under military sales con-tracts in the fourth quarter were ap-

SUKVEY OF CUKKENT BUSINESS

parently close to those in the first andsecond quarter. In the third quarter,they had been about $100 million less.

On the basis of preliminary informa-tion, military expenditures abroad inthe fourth quarter are estimated tohave been $1,110 million, about $20million above the third quarter. Pay-ments to the United Kingdom roseabout $35 million to $78 million, withthe increase reflecting U.S. expendituresin the United Kingdom for militaryequipment under an offsetting agree-ment. Expenditures in Japan and thecombined area of "other Asia andAfrica" increased about $15 million,

19

reaching $590 million, or $2,360 millionat an annual rate. This compares with$840 million in 1964, before the militarybuildup in the Far E$st began. How-ever, preliminary estimates of militaryexpenditures are often based on incom-plete records, and final figures havefrequently involved some upward revi-sion.

Private remittances dropped about$30 million in the fourth quarter to anormal level. In the second quarterand, to a lesser extent, in the third,these remittances included extraordi-nary contributions to Israel. U.S.Government pensions and other trans-

Table C.—U.S. Nonmilitary Exports1: Total, Agricultural, and Nonagricultural[Millions of dollars]

Global, all countriesDeveloped countries, total -Developing countries, total

Western Europe, total _ _ _ _United KingdomOther Western Europe.. ...

Eastern Europe (Soviet-bloc) - -.CanadaLatin American Republics

Japan. . _Australia, New Zealand, and Repub-

lic of South Africa.All other countries

Global, all countriesDeveloped countriesDeveloping countries

Western Europe totalUnited KingdomOther Western Europe.

Eastern Europe (Soviet-bloc)CanadaLatin American Republics. _ _ __

JapanAustralia, New Zealand, and Repub-

lic of South AfricaAll other countries

Global, all countriesDeveloped countries _ _Developing countries. . _ _ _ _ _

Western Europe, total. .United KingdomOther Western Europe _

Eastern Europe (Soviet-bloc)Canada .Latin American Republics

Japan..Australia, New Zealand, and Repub-

lic of South Africa-All other countries

1966 1967 I

196

II

6

III IV

1967

I II III IV

Seasonally adjusted

ALL COMMODITIES

29, 16819, 6219,547

9,5871,7607,827

2006,5274,179

2,358

1,1495,168

30,46320, 7019,762

9,6571,8497,808

2017,0814,074

2,689

1,2745,487

7,2034,8442,359

2,479459

2,020

571,5801,054

502

2831,248

7,1814,8992,282

2,411447

1,964

461,622

997

594

2721,239

7,3824,9592, 423

2,420454

1,966

361,6361,069

617

2861,318

7,4024,9192,483

2,277400

1,877

611,6891, 059

645

3081,363

7,6715,0632,608

2,303428

1,875

731,7951,062

618

3471,473

7,7125,2622,450

2,497494

2,003

461,757

999

690

3181,405

7,6265, 2012,425

2, 466513

1,953

381,7581,041

687

2901,346

AGRICULTURAL

6,9464, 4742,472

2,872493

2,379

135533489

965

1041,848

6,4503,9752,475

2,505438

2, 067

110521489

881

681,876

1,6751,082

593

731124607

43147125

177

27425

1,7161,149

567

709118591

30152112

264

24425

1,8391,196

643

755128627

20132128

285

24495

1,7161,047

669

677123554

42102124

239

29503

1,621954667

601104497

51138139

194

21477

1,6561,016

640

632119513

27124107

241

19506

1,6341,024

610

646115531

14129134

237

12462

7,4545,1752,279

2,391414

1,977

441,771

972

694

3191,263

1,539981558

626100526

18130109

209

16431

NONAGRICULTURAL

22, 22215, 147

7,075

6,7151,2675,448

655,9943,690

1,393

1,0453,320

24,01316, 7257,288

7,1521,4115, 741

916,5603,585

1,808

1,2053,612

5,5283,7621,766

1,748335

1,413

141,433

929

325

256823

5,4653,7501,715

1, 702329

1,373

161,470

885

330

248814

5,5433,7631,780

1,665326

1,339

161,504

941

332

262823

5,6863,8721,814

1,600277

1,323

191,587

935

406

279860

6,0504, 1091,941

1,702324

1,378

221,657

923

424

326996

6,0564,2461,810

1,865375

1,490

191,633

892

449

299899

5,9924,1771,815

1,820398

1, 422

241,629

907

450

278884

5,9154,1931,722

1,765314

1, 451

261,641

863

485

302833

1. Balance of payments basis.



fers also fell back to previous levels,after a $60 million increase in the thirdquarter that represented payments onsettlements of two special World WarII claims.

Government Grants andCapital Transactions

U.S. Government grants and capitaloutflows increased about $125 millionfrom the .third quarter but after sea-sonal adjustment were about unchangedat $1,210 million. Most of the unad-justed increase was in sales under farmproduct disposal programs and inExport-Import Bank loan disburse-ments. Disbursements under theForeign Assistance Act declined, reflect-ing the delays that occurred last fall incongressional authorization for the pro-gram. Capital subscriptions to inter-national financial organizations alsodropped off, mainly because of reduceddrawings on letters of credit by theInternational Development Association.

Use of foreign currencies by the U.S.Government other than for grants andcredits declined to $65 million in thefourth quarter from $140 million in thethird. Use of these funds to meet U.S.military obligations was exceptionallylarge in the third quarter and represent-ed expenditure of Vietnamese fundsacquired through the repayment ofearlier loans by Vietnam. These changesare included in the foreign currencyoperations indicated in lines A. 23 andA. 24 of table 5.

Government liabilities associatedwith military transactions decreased$140 million after seasonal adjustment.This decrease in net liabilities resultedfrom current transfers of $360 millionin goods and services under outstandingmilitary sales contracts and $220 millionin receipts of new funds for current andfuture deliveries. The $220 million in-cluded $115 million of cash, while theremaining $105 million was providedthrough U.S. Government credits.

The fourth quarter decrease of $140million in Government liabilities asso-ciated with military transactions andthe drop of $60 million in the thirdquarter were the first substantial reduc-tions in these liabilities, which hadincreased for an extended period. Thedecline reflected the drop in Germanprepayments for military equipment.These prepayments were partly replacedby German purchases of medium-term,nonconvertible U.S. Government bondsamounting to $500 million in fiscal year1968, distributed equally over the fourquarters. U.S. Government receiptsfrom scheduled principal repaymentsincreased about $30 million to $260million, after seasonal adjustment. Be-fore adjustment, they were $338 millionand included the annual payments re-ceived on the British loan as well ashigher principal collections on militarycredits.

Private Capital Transactions

The movement of private U.S. andprivate foreign capital—excluding the

Table D.—Comparison of Capital Outflows for Direct Investment, Seasonally Adjusted,Reported in Balance of Payments Tables, With Those Covered in the Program toRestrain Capital Outflows


Numbers in ( ) refer to lines in tables 1 and 2

Capital outflows reported in balance of payments tables (33)

Less: Transactions not covered:

Investments by:Financial enterprisesInsurance companies

New issues sold to other than parent companies, netof amortization of previous issues

Other non-program transactions

Transactions covered--- _ _. _ _ _ .Less: Investment of funds raised abroad through bonds

issued by U.S. corporations (table F)

Long-term funds borrowed from other sources (54) * _ _

Net capital outflows on program basis 1 _ _ " _ _ _ _ _ _

1965

3,418

24130

191

54

2,902

52

29

2,821

1966

3,543

14660

258

27

3,052

445

205

2,402

Year

3,026

7160

4

51

2,840

290

123

2,427

I

622

815

-4

13

590

77

125

ooo

1967

II

648

1115

2

8

612

71

-24

565

III

939

2015

5

9

890

77

10

803

IV

818

3215

1

21

749

65

12

672

1. Amounts transferred to foreign affiliates not known; net capital outflows on program basis may be understated, therefore.

transactions listed in table B and ex-cluding changes in liquid liabilitiesreported by U.S. banks—resulted in anet outflow of about $1 billion afterseasonal adjustment. This was close tothe total of $1.1 billion in the thirdquarter, but higher than the quarterlyaverage net outflow of $0.7 billion inthe first two quarters of the year.

Although the fourth quarter changein the total of these capital movementswas relatively small, there were majorchanges in some of the components.

Corporate investments

The net outflow of corporate capitalfor direct as well as for other invest-ments increased more than $500 mil-lion, from about $600 million in thethird quarter to $1.1 billion in thefourth. The fourth quarter outflow ofcapital for direct foreign investmentsby U.S. corporations exceeded $800million after seasonal adjustment. Thiswas about the same as in the two pre-ceding quarters if allowance is madefor major transactions in these periodsthat merely resulted in shifts betweendirect investments and other categoriesof capital assets. (These shifts werementioned in earlier issues of theSURVEY.)

Total capital outflows to foreignaffiliates in the fourth quarter of 1967were about $185 million less than ayear earlier. Although outflows to Eu-rope were $285 million smaller andthose to Canada declined $245 million,outflows to other areas increased $345million.

The area distribution was affected bycorporate reorganizations that resultedin transfers of assets, amounting to notquite $100 million, from affiliates inWestern Europe to shipping companiesincorporated in Liberia and Panama.(These transfers are shown in table 8under "international organizations andunallocated.") Other factors, particu-larly the slowdown in the business ex-pansion in other industrialized countriesearlier in 1967, the investment policiesrequested under the voluntary programto restrain capital outflows to industri-alized countries, and an apparent spurtin the development of mineral and petro-leum resources, also affected the areadistribution of capital outflows for di-rect investments.



It should be noted that data on capi-tal outflows for direct investments re-ported in the balance of paymentstabulations differ somewhat from thosereported under the present and previousprograms to restrain such capital out-flows. The principal differences are theexclusion from these programs of (1)capital outflows through purchases byU.S. residents other than the parentcompanies of securities issued by for-eign affiliates, (2) investments by U.S.financial corporations (which are cov-ered under the program administeredby the Federal Reserve Board), and(3) funds that had been obtainedthrough borrowing from foreign sourcesby U.S.-incorporated companies. Thetabulation on p. 20 (table D) showsthese adjustments.

The large increase in foreign invest-ments by U.S. corporations was in in-vestment claims on unaffiliated foreignresidents. After seasonal adjustment,the movement of funds for such invest-ments shifted from a net inflow of about$80 million in the third quarter to a netoutflow of about $460 million in thefourth, for a total change of $540million.

The fourth quarter outflow of $460million included about $100 million inlong-term claims, possibly commercialcredits on capital goods includingaircraft. The more than $360 millionoutflow of short-term funds was in-vested in U.S. dollar assets, mainly inEurope and Canada; therefore, itcannot be attributed to fears concerningthe future exchange value of the dollar.An increase in yields on Euro-dollardeposits relative -to those on U.S.certificates of deposits may have con-tributed to the outflow. However therise in the spread in the fourth quarter waspartly seasonal. Moreover, in the fourthquarter of 1967, it was considerably lessthan in the corresponding 1966 periodwhile the outflow of U.S. funds wassubstantially higher. The increase mayreflect the improvement in the corporatecash position, as compared with thelast quarter of 1966, in addition to otherconsiderations that may also have con-tributed to the buildup of corporatefunds abroad.

The seasonally adjusted capital flowsthrough changes in foreign assets andliabilities of U.S. corporations aresummarized in table E.

Banking transactions

The large fourth quarter increase incapital outflows through investmentsby U.S. corporations in foreign assetsother than their own affiliates waslargely offset by a shift in the movementof claims on foreigners reported by U.S.banks. In the third quarter, there was anet outflow of nearly $400 million ofsuch funds, but in the fourth quarter,this changed to an inflow of nearly $100million. The shift becomes apparentonly after the figures are adjusted forseasonal variations; the unadjustedfigures show an increase in net outflowsfrom about $150 million in the thirdquarter to $240 million in the fourth.

The adjustments reflect the seasonalmovements of short-term banking fundsover several years, mainly to Japan,Canada, and Latin America. Althoughnet outflows to these areas continuedto increase from the third to the fourthquarter, as in previous years, the sizeof the third to fourth quarter shift wassomewhat less than in the 2 precedingyears. There was also a considerablerepatriation of short-term funds fromEurope. All of these developments mayreflect the effects of the program torestrain capital outflows, including thechanges in the program that wereannounced in the middle of November.

Transactions in securities

In the fourth quarter, there was aseasonally adjusted net capital inflow of$40 million resulting from transactionsin foreign and U.S. securities other thanTreasury issues—excluding the sale of

new securities by U.S. corporations tofinance their foreign investments (whichare covered above under corporatecapital movements) and the specialsecurity transactions included in tableB. This inflow may be compared with anet outflow of $110 million in the thirdquarter.

U.S. purchases of foreign securitiesnewly issued in U.S. markets declinedfrom the exceptionally large amount ofover $500 million in the third quarter tonearly $400 million in the fourth. How-ever, they were still larger than in mostother quarters since the summer of 1963when the Interest Equilization Tax(IET) became effective. The largeamount of new issues in the third quarterincluded about $60 million of extraor-dinary sales by Israel; these sales fellin the fourth quarter. Furthermore,sales by international and regionalinstitutions declined from $140 millionin the third quarter to $50 million in thefourth.

Transactions in outstanding foreignsecurities continued to result in net U.S.purchases, which rose to more than $80million from over $70 million in the pre-ceding quarter. In both of these periods,net purchases of foreign bonds werehigher than those of foreign stocks.Most of these securities were Canadian.From the time the IET became effectiveuntil the middle of 1967, transactions inoutstanding foreign securities usuallyresulted in net U.S. sales; the experiencein the third and fourth quarters of 1967thus represents a major change.

The rise in U.S. purchases of foreignsecurities in the third quarter was more

Table E.—Foreign Assets and Liabilities of U.S. Corporations (excluding banking andbrokerage claims and liabilities)

[Millions of dollars, seasonally adjusted]

(Credits +; debits -)(Numbers in ( ) refer to lines in tables 1 and 2)

Direct investments (33)

Other corporate claims:

Long-term (39)Short-term 1 (40)

Corporate liabilities:

New issues of securities (table F) _Other corporate liabilities:

Long-term (54) _ _Short-term1^)

Total

1966

-3, 543

-112-320

594

205252

-2, 924

Year

-3, 026

-301-256

446-

123280

-2, 734

I

-622

-68-70

92

12559

-484

1967

II

-648

-170134

99

-2445

-564

III

-939

3546

138

10156

-554

IV

-818

-98-366

117

1220

-1,133

1. Excludes claims and liabilities reported by U.S. brokers.



than offset by a sharp increase in netforeign purchases of outstanding U.S.securities, mainly stocks. Such pur-chases increased further in the fourthquarter (table G). The sale of U.S.securities to foreign investors was one ofthe major developments favorable tothe U.S. balance of payments in thesecond half of last year.

Major 1966-67 Changes

Table A shows the changes in majorcategories of transactions that accountfor the more than $2.2 billion deteriora-tion in 1967 in the balance measured onthe liquidity basis and the more than$3.6 billion deterioration in the balancemeasured on the official reserve trans-actions basis. The principal conclusionsderived from these figures are:

(1) The surplus on goods and servicestransactions declined $300 million,which appears to have been only asmall factor in the deterioration of theoverall balance of payments. However,it may be more appropriate to comparethis decline with earlier expectations ofa considerable increase. This increasedid not materialize, mainly because ofthe rapid rise in merchandise importsin the last quarter of 1967 and thefailure of merchandise exports to expandafter the first quarter.

(2) Private remittances rose nearly$200 million, reflecting a temporaryincrease related to the conflict in theMiddle East in June.

(3) Net outflows of private U.S. andforeign capital (other than the specialfinancial transactions listed in table Band the changes in liquid funds) rose

Table F.—Sources and Uses of Funds Obtained Abroad by U.S. Corporations Through theIssue of New Securities to Finance Direct Investment Abroad *


Tables1,2

and 8,line

52

3340

54 &55

59

(Credits +, debits — )

Sources of funds:

Transactions in U.S. se-curities other thanTreasury issues

Uses of funds:Direct investmentShort-term claims report-

ed by U.S. residentsother than banks. :_ .

Repayments of liabilitiesto foreigners __ _ _

Foreign deposits andmoney market paperheld in the UnitedStates

1965

191

-52

-139

1966

594

-445

-143

—6

1967

446

-290

—132

-24

19

III

19

— 1

-18

65

IV

172

—51

-121

I

183

—51

-126

—6

19

II

291

-234

-57

86

III

35

-34

-1

IV

85

-126

41

I

92

-77

-15

19

II

99

-71

-4

-24

67

III

138

-77

-61

IV

117

-65

-52

1. Excludes securities issued by subsidiaries incorporated abroad and also excludes funds obtained abroad by U.S. corpora-tions through bank loans and other credits.

Table G.—Transactions in U.S. Securities Other Than Treasury Issues (Increase in foreignassets +)

[Millions of dollars!

Tables 1, 2, and 8, Line 52

Total

Issues of new securities sold abroadby U.S. corporations to financedirect investments abroad

Investment by international andregional organizations in non-guaranteed U.S. Governmentagency bonds

Liquidation of U.S. securities otherthan Treasury issues by UnitedKingdom (Government andprivate)

Other transactions. _-BondsStocks

1966

909

594

244

—101

172—48.220

1967

994

446

121

—456

88384

799

I

173

183

73

—61

-22—50

28

19

II

520

291

139

—46

13619

155

66

III

107

35

27

—19

642242

IV

109

85

5

25

-6— 1—5

I

120

92

—6

—28

622

60

19

II

319

99

71

71

78g

70

67

III

549

138

67

10

33417

317

IV

6

117

-11

-510

40957

352

about $600 million in 1967. U.S. capitaloutflows net of the rise in foreign liabili-ties by U.S. corporations increased $1.5billion. The increase stemmed fromlarger net outflows through banking andsecurities transactions. The outflow ofcorporate funds net of the rise in foreignliabilities was actually $200 millionsmaller than in 1966.

These adverse developments werepartly offset by a $700 million increasein net sales of outstanding U.S. cor-porate securities to foreigners (omittingthe new issues of U.S. corporationsto finance their foreign investments),and a $200 million rise in other foreigninvestments in the United States.

(4) Government transfers, grants,and capital transactions, excluding re-ceipts from advance debt repaymentsby foreigners and excluding a foreignconversion of a medium-term certifi-cate of deposit into medium-term non-convertible Government notes, resultedin a $160 million increase in net debits.

(5) Errors and omissions added about$300 million to the debits. These andsmaller changes in other transactionsraised net payments in 1967 approxi-mately $1.5 billion over 1966. In ad-dition, net receipts from the specialfinancial transactions listed in table Bdeclined nearly $0.7 billion, mainlybecause advance repayments of foreignloans declined, and official British salesof U.S. securities increased.

Transactions With EEC

U.S. international transactions withthe European Economic Community(EEC) are shown for the first time intable 8 for the year 1966 and for thefour quarters of 1967. Quarterly datafor 1966 will be included in the JuneSURVEY.

The data on international transac-tions with the EEC, and also with theUnited Kingdom, are subject to certainreservations, since some transactionsmay have been reported by the initialrather than the ultimate party to thetransactions. The financial data forthe EEC are especially affected sinceSwitzerland and the United Kingdomare major European financial centers,

(Continued on page 36)



Table 1.—U.S. International Transactions


Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

(Credits+; debits-)

Exports of goods and services. _. _Excluding transfers under military grants

Merchandise, adjusted, excluding military l

Transfers under military sales contracts-Transfers under military grants, netTransportation. _ _ _

TravelFees arid royalties from direct investmentsOther private services,Other U.S. Government services _

Income on U.S. investments abroad:Direct investments 2

Other private assets ___ _U.S. Government assets. _ _

Imports of goods and services . . • . _

Merchandise, adjusted, excluding military 1Military expenditures. _ __ _Transportation

TravelPrivate payments for other services.U.S. Government payments for other services

Income on foreign investments in the United States:Private payments 2

U.S. Government payments _

Balance on goods and services (lines 1 and 14)Excluding transfers under military grants (lines 2 and 14)

Unilateral transfers, net; transfers to foreigners (-)Excluding military grants _

Private remittances.Military grants of goods and servicesOther U.S. Government grants _ _U.S. Government pensions and other transfers

Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24and 26) 3 _ •

Transactions in U.S. private assets, net; increase in assets (— )

Direct investments 2. ___ _ _ _ _ _ _ _ _Foreign securities newly issued in the United StatesRedemptionsOther transactions in foreign securities _

Claims reported by U.S. banks: 1Long-term _ _ _ _Short-term- _ __

Claims reported by U.S. residents other than banks: 1Long-term _ _ _Short-term _

Transactions in U.S. Government assets, excluding official reserve assets,net; increase in assets (— ) __

Loans and other long-term assets iForeign currencies and other short-term assets *

Repayment on credits:Scheduled _.Nonscheduled-

Transactions in U.S. official reserve assets, net; increase in assets (-)

Gold- _- -C on vertible currenciesGold tranche position in IMF _ _ _

Transactions in foreign assets in the United States, net; increase in foreignassets (U.S. liabilities) (+)-— _

Direct investments 2

U.S. securities other than Treasury issues. _ _ _ _Long-term liabilities reported by U.S. banks.. _

Other liabilities reported by U.S. private residents other than banks:Long-termShort-term

Liabilities of U.S. Government, excluding marketable or convertiblesecurities: 1

Associated with specific transactionsOther nonmarketable, nonconvertible, medium-term securities _

U.S. Government marketable or convertible bonds and notes 1Deposits and money market paper held in the United States 1

Errors and omissions, net. _

1966

44 03643 039

29, 168847997

2 589

1,5731,0451 247

325

4 0451,605

595

—37 937

—25 510—3 694—2 914

—2 657—454—634

— 1 525—549

6,0995,102

—3, 922—2 925

—647—997

— 1 915—363

2 177

-4,213

—3 543—1 210

405323

337—84

—112—329

—1,531

—2 500—265

806428

568

571—540

537

3,301

86909976

205269

116-49

—1, 5612,350

-302

1967 v

46 59345 692

30 4631 273

9012 701

1, 6411,1261 373

332

4 4451 717

621

—40 894

—26 980—4 319

2 965

—3 170—499—684

1 684—593

5 6994,798

—3, 949—3 048

—835—901

— 1 765—448

1 751

—5,445

—3 026— 1 597

469—123

284—739

—301—411

—2,362

—3 583219

9976

52

1 170— 1 024

—94

6,599

153994965

123390

— 18469

4113,111

—595

I

10 51410 239

7 073198275588

31722931373

964370114

—8 561

—5 919—861

639

424—108— 143

334— 133

1 9531 678

— 1 123848

—153275

—614—81

830

—880

—604—466

118—9

127145

—17—174

—299

—58091

1873

424

68222134

—78

5217355

2939

4-53

—548171

3

19

II

11 22810 871

7 361260357655

42824331085

980409140

—9 388

6 271—911

793

—701—110—136

332—134

1 8401,483

— 1 129772

— 166357

—526—80

711

— 1,272

—1 074—305

123122

I—59

—51—29

—595

—691—90

1797

68

209— 163

22

1 126

37520441

1663

—6—26

—295376

—38

66

III

10 57410 380

6 968178194688

48927230576

893392119

— 10 148

6 528—953—791

—1 037—119— 195

387—138

426232

—850656

—153194

—385—118

—424

—469

—693—241

75155

102229

—28—68

—305

—585—131

185226

82

173—426

335

951

113107100

86112

69-23

—5271,140

165

IV

11, 72011, 549

7, 766211171658

33930131991

1 208434222

—9 840

6 792—969

691

—495—117—160

472—144

1 8801 709

—820649

—175171390

—84

1 060

— 1 592

—1 172—198

8955

107—399

16—58

—332

—644—135

255192

-6

121— 173

46

1 302

110109380

7455

4953

— 191663

-432

I

11,47911,135

7,589328344619

35825633582

1,028418122

—9 617

—6 629—1 045

—671

—455—116—152

—410—138

1 8621, 518

— 1 067723

— 162344

—46804

795

— 1 178

—892—352

100—10

153—18

—68—91

— 673

—1 303436

194

1,027

511 007-31

87

60120371

12594

107(*)

-14-775

—59

19

II

11, 88711,640

7,915377248674

42727334484

961435150

— 10,167

—6 608—1,070

—814

—870— 121—141

—394—148

1 7211, 473

— 1,139891

—299248

—496—97

582

—952

—416—412

13044

188—390

—17074

—629

—794—121

286(*)

-419

15—424-10

1,802

63319604

—2480

118(*)

104538

-384

67

III"

» 11, 03110,874

7,144206

P157710

50028834180

1,076415115

— 10,459

—6 419—1,094

—770

— 1 295— 131—206

—405—139

?573416

v —955—798

— 194p 157

—448— 156

—382

-1,274

—729-473

137—73

—70—77

35—24

—497

—70424

1785

-375

92-462

-5

2,434

—7549

-160

10176

-56335

1111,475

95

IV v

12, 19612,044

7, 81f361152698

35631035385

1, 381449235

— 10,652

—7 324— 1,110

—710

—550—130-185

—475—168

1,5441,392

—787635

— 180— 152—353—102

757

—2,041

—990—361

102—84

13-254

—98-370

-563

—781-120

338(*)

-181

1,012-1,145

-48

2,276

376

150

1240

-187135

2111,873

-247

NOTE.—Details may not add to totals because ofTounding.' Revised. * Preliminary. *Less than $500,000 (±).1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5; for

lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.

2. Excludes undistributed profits of subsidiaries.3. Numerically equal to net foreign investment in U.S. national income and product

accounts.




Table 2.—U.S. International Transactions—Seasonally Adjusted


Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

272829SO

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

(Credits +; debits -)

Exports of goods and servicesExluding transfers under military grants

Merchandise, adjusted, excluding military 1 - _ _ _ _ _Transfers under military sales con tracts _ _ _ -Transfers under military grants, net- _ _ __Transportation

Travel -- -- _ - -- -- - -- -Fees and royalties from direct investmentsOther private servicesOther U S Government services

Income on U.S. investments abroad:Direct investments 2

Other private assets - __ _U S Government assets - - -

Imports o f goods and services _ - _ _ _ _ _ _

Merchandise, adjusted, excluding military J

Military expendituresTransportation

Travel -- - -- - - - - - - - _ _ _ -Private payments for other servicesU S Government payments for other services


U S Government payments _ _ _ _ _ _


Unilateral transfers net; transfers to foreigners ( — )Excluding military grants - -

Private remittances - -Military grants o f goods a n d services _ _ _ _ _ _ _ _Other U S Government grants 1

U S Government pensions and other transfers _ _ _ ,

Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26) 3.

Transactions in U.S. private assets, net; increase in assets (—) - -


Foreign securities newly issued in the United StatesRedemptionsOther transactions in foreign securities - _ _

Claims reported by U.S. banks: 1Long-termShort-term

Claims reported by U.S. residents other than banks: 1Long-termShort-term

Transactions in U.S. Government assets, excluding official reserve assets, net;increase in assets (— ) .

Loans and other long-term assets 1Foreign currencies and other short-term assets *

Repayments on credits:ScheduledNonscheduled

Transactions in U.S. official reserve assets, net; increase in assets ( — ) _ _ _

Gold - - -Convertible currenciesGold tranche position in IMF

Transactions in foreign assets in the United States, net; increase in foreign asset(U S. liabilities) (+)


U S securities other than Treasury issuesLong-term liabilities reported by U S. banks

Other liabilities reported by U.S. private residents other than banks:Long-termShort-term _ _ _

Liabilities of U.S. Government, excluding marketable or convertible se-curities: i

Associated with specific transactions _Other nonmarketable nonconvertible medium-term securities

U.S. Government marketable or convertible bonds and notes 1 _ _ _Deposits and money market paper held in the United States 1

Errors and omissions, net. _ _

1966

I

P! 0,78610,511

7,203209

p 275636

374239308

73

941375153

-8,997

-6,025-861-722

-637-116-161

-342-133

p 1,7891,514

P- 1,126-851

-160p-275-610-81

663

-981

-634-467

118n

12385

-17-180

-365

} -575

2073

424

68222134

492

5217355

2939

-30-53

} 227

-233

II

P 10, 97510, 618

7,181222

P357642

38326130985

988394153

-9,265

-6, 225-911-709

-674-114-161

-337-134

P 1,7101,353

P- 1,090-733

-165p-357-488-80

620

-1,135

-1, 006-236

123122

-27-61

-511

-500

-706

1997

68

209-163

22

1,145

37520441

1663

40-26

54

-198

III

p 11, 10710,913

7,382206

v 194661

408283310

76

1,034410143

-9,762

-6, 580-953-727

-672-112-153

-427-138

P 1,3451,151

p-903-709

-160p-194-431-118

442

-932

-900-280

75155

7316

-28-43

-328

-746

192226

82

173-426

335

459

-113107100

86112

107-23

83

277

IV

P 11, 16810, 997

7,402210

P 171650

40826232091

1,082426146

-9,913

-6, 680-969-756

-674-112-159

-419-144

p 1,2551,084

p-803-632

-162p-171-386-84

452

-1,165

-1,003-227

8955

168-124

-16-107

-338

-738

208192

-6

121-173

46

1,205

110109380

7455

-I53

425

-148

1967

I'

P 11, 69611,352

7,671339

p344669

42126632982

996424155

-9,999

-6, 662-1,045

-756

-683-124-172

-419-138

P 1, 6971,353

P- 1,072-728

-170p-344-464-94

625

-984

-622-353

100-10

150-81

-68-100

-737

-955

218

1,027

511,007-31

364

60120371

12594

88(*)

-494

-295

II'

P 11, 60111,353

7,712336

P 248660

38029334384

965419161

-10,033

-6, 558-1,070

-726

-840-125-167

-399-148

P 1,5681,320

p- 1,100-852

-298p-248-457-97

468

-1,113

-648-344

13044

160-388

-170103

-556

-840

284(*)

-419

15-424-10

2,166

63319604

-2480

152(*)

972

-546

III'

P 11, 68711,530

7,626237

p 157682

41630034780

1,245435162

-10,122

-6, 549-1,094

-707

-900-124-163

-446-139

p 1,5651,408

p- 1,006-849

-200p— 157-493-156

559

-1,741

-939-510

137-73

-100-292

351

-473

-711

2335

-375

92-462

-5

1,821

-7549

-160

10176

-95335

1,013

209

IV P

11, 61011,458

7,454360152690

42426835485

1,240439144

-10,739

-7, 211— 1,110

-776

-747-125-182

-420-168

871719

-772-620

-167-152-351-102

99

-1,608

-818-391

102-84

7422

-98-415

-596

-857

261(*)

-181

1,012-1,145

-48

2,249

376

150

1240

-163135

2,032

37

r Revised. p Preliminary. *Less than$500,000(±). 3. Numerically equal to net foreign investment in U.S. national income and product1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5; accounts.

for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7. _, TT r, T^ * * * <-, ^<« * -D • T^ ;„2. Excludes undistributed profits of subsidiaries. Source: u-s- Department of Commerce, Office of Business Economics,



Table 3.—U.S. Balance of Payments and Reserve Position


Line

1

2

3

4

567

8

9101112

13

14

15

16

17

18

19

20

Balance on liquidity basis— measured by increase in U.S.official reserve assets and decrease in liquid liabilities to allforeigners:

Seasonally adjusted: decrease in net assets (— )

Less seasonal adjustment

Before seasonal adjustment (lines 4 and 8, with signreversed) ' _ _ _ _ _ _

U.S. official reserve assets (table 1 line 46); increase (-)

GoldConvertible currenciesIMF gold tranche position. .

Liquid liabilities to all foreigners (table 1, lines 58 and 59);decrease (— ) _ ~ _ - - - _

To official agenciesTo commercial banks 1

To other foreign residents; and unallocated 2_ -,To international and regional organizations

Balance on official reserve transactions basis — measured byincrease in U.S. official reserve assets and decrease in liquidand certain nonliquid liabilities to foreign official agencies:

Seasonally adjusted; decrease in net assets (—)

Less seasonal adjustment _ _

Before seasonal adjustment (lines 16 through 18, with signreversed) _

U.S. official reserve assets (line 4); increase (—)__

Liquid liabilities to foreign official agencies (line 9);decrease ( — ) _ _ _ _ _ __

Certain nonliquid liabilities to foreign official agencies;decrease (— )

Liabilities reported by U.S. private residents(table 1, portion of line 53)

Liabilities reported by U.S. Government (table 1,portions of lines 56 and 57)

1966

-1,357

568

571—540

537

789

—1 5952,697

212—525

225

568

— 1, 595

802

788'

14

1967 '

-3,575

52

1 170—1,024

-94

3, 523

2 0721 265

394—208

—3,398

52

2,072

1,274

820

454

T

—651

—604

-47

424

68222134

-377

—852404109

—38

-443

-846

403

424

—852

25

43

—18

19

II

-122

27

-149

68

209—163

22

81

5431666

—355

-175

210

—385

68

54

263

284

-21

66

III

— 165

530

—695

82

173—426

335

613

—5981 144

91—24

861

456

405

82

—598

111

88

23

IV

—419

47

—466

-6

121—173

46

472

—199833

—54—108

—18

180

— 198

—6

—199

403

373

30

I

—533

—295

-238

1,027

511 007

—31

—789

—80—753

80—36

—1,817

—537

— 1 280

1 027

—80

333

304

29

19

II

—553

—330

-223

-419

15—424

—10

642

54616112

—77

—832

143

—689

—419

546

562

584

22

67

III

—638

573

-1,211

-375

92—462

—5

1 586

2821 265

9556

456

495

39

—375

282

132

215

347

IV *

—1 851

52

—1 903

-181

1 012— 1 145

—48

2 084

1 32459220739

—1 205

185

1 390

—181

1 324

247

147

100

AmountsoutstandingDecember

31, 1967

14,830

12 0652 345

420

33 302

16 73811 2014*666

*697

14 830

16 738

2 732

1 733

999

v Preliminary.1. Includes deposits of foreign branches of U.S. banks and of foreign commercial banks,

associated with their U.S.-dollar denominated liabilities to foreign official agencies.

2. May include U.S. Government bonds and notes held by foreign commercial banks.NOTE.—Data for 1966 correspond to those shown in the June 1967 issue.


26 SUKVEY OF CUKKENT BUSINESS March 1968

Table 4.—U.S. Merchandise Trade[Millions of dollars]

Line

1

2

3

4

5

6

7

89

10

11

12

13

14

15

161718

192021

2223

24

2526

27

28

2930

31

3233

34

35

36

37

38

Merchandise exports, adjusted (table 1,line 3)

Plus merchandise exports, other thanmilitary grant shipments excluded fromline 1 but included in Census data 2

Less merchandise exports included in line1 but excluded from Census data 3

Less miscellaneous and special adjust-ments to Census data incorporated inline 1, net 4

Equals: Merchandise exports, Censusbasis, including reexports, excludingmilitary grant shipments

Plus military grant shipments recordedin Census data _ _ _

Equals: Merchandise exports, Censusbasis, including reexports and militarygrant shipments

Agricultural goodsNonagricultural goods

Excluding military grant ship-ments

Merchandise imports, adjusted (table 1,line 15) . _ _ _ _ _ _

Plus merchandise imports excluded fromline 11 but included in Census data 5__.

Less merchandise imports included in line11 but excluded from Census data 6

Less miscellaneous and special adjust-ments to Census data incorporated inline 11, net *

Equals: Merchandise imports, Censusbasis (general imports)

Foods, feeds, and beverages.Coffee, cocoa, and sugarOther _ _

Industrial supplies and materialsFuel and lubricants _Building materials (except

metals)Iron and steel productsOther metals and metal ores

(except uranium)Other

Capital goods (except automotive)Machinery and miscellaneous

transport equipment _Civilian aircraft, complete

Automotive vehicles and parts (incl.engines)

Passenger cars, new and usedTrucks, buses, and special ve-

hiclesAutomotive parts and acces-

sories (incl. engines)Addenda: Automotive from CanadaConsumer goods (nonfood), except

autos and parts. .Consumer durables, manufac-

factured.Consumer nondurables, manu-

facturedGem stones, nursery stock, etc.,

unmanufactured

All other, n.e.c. (uranium, militaryaircraft, low value shipments,U.S. goods returned, etc.)

Balance on merchandise trade, adjusted(line 1 less line 11

1966

29,168

440

182

30

29,396

940

30,336

6,95923,377

22, 437

25,510

220

245

-65

25,550

4,4991,6912,808

12,0922, 247

7891,312

2,9104,834

2,151

1,939153

1,8961,244

174

478(915}

3,912

2,108

1,349

455

1,000

3,658

1967 *

30,463

686

194

5

30,950

672

31,622

6,44925, 173

24, 501

26,980

205

269

91

26,825

4,5861,6992,887

11, 7912,235

7571,422

2,8684,509

2,395

2,26558

2,6111,702

294

615(1,590)

4,222

2,189

1,565

468

1,220

3,483

19661

I

7,073

98

38

50

7,083

158

7,241

1,6645,577

5,419

5,919

57

61

21

5,894

1,073441632

2,838600

177250

5781,233

464

41832

444316

27

101(185)

846

450

288

108

229

1,154

II

7,361

129

55

7,435

348

7,783

1,6756,108

5,760

6,271

60

68

-71

6,334

1,116412704

3,100530

223323

7311,293

532

48039

421272

34

115(182)

919

498

310

111

246

1,090

III

6,968

102

54

—20

7,036

239

7,275

1,6485,627

5,388

6,528

60

57

-15

6,546

1, 116437679

3,138572

215390

7991,162

542

48245

412258

42

112(188)

1,087

565

412

110

251

440

IV

7,766

111

35

7,842

195

8,037

1,9726,065

5,870

6,792

43

59

6,776

1,194401793

3,016545

174349

8021,146

613

55937

619398

71

150(360)

1,060

595

339

126

274

974

19671

I

7,589

156

57

7,688

187

7,875

1,6156,260

6,073

6,629

54

62

6,621

1,149449700

2,999621

164313

6761,225

617

58117

644428

69

147(354)

948

495

344

109

264

960

II

7,915

125

65

5

7,970

158

8,128

1,6066,522

6,364

6,608

47

64

6,591

1,099409690

2,949560

191356

7241,118

602

57512

650420

79

151(418)

987

515

364

108

304

1,307

III

7,144

165

31

7,278

187

7,465

1,4496,016

5,829

6,419

49

64

6,404

1,105429676

2,749490

209358

6661,026

576

54414

532319

68

145(333)

1,133

567

445

121

309

725

IV P

7,815

240

41

8,014

140

8,154

1,7796,375

6,235

7,324

55

79

91

7,209

1,233412821

3,094564

193395

8021, 140

600

56515

785535

78

172(485)

1,154

612

412

130

343

491

Seasonally adjusted

1966 i

I

7,203

7,217

1,673

5,544

6,025

6,020

1,125458667

2,862560

201250

6601,191

462

41632

400275

27

98(170)

941

507

325

109

230

1,178

II

7,181

7,259

1,725

5,534

6,225

6,307

1,129423706

3,043543

211323

7051,261

503

45139

415271

34

110(180)

965

510

335

120

252

956

III

7,382

7,452

1,840

5,612

6,580

6,618

1,132420712

3,142585

194390

7421,231

576

51645

516343

42

131(244)993

533

349

111

259

802

IV

7,402

7,484

1, 741

5,743

6,680

6,685

1,142415727

3,061567

184349

8001,161

621

56737

586371

71

144(322)

1, 008

554

339

115

267

722

19671

I

7,671

7,790

1,617

6,173

6,662

6,684

1,181449732

3,011572

184313

7691,173

609

57317

571363

69

139(325)

1,052

557

387

108

260

1,009

II

7,712

7,787

1,658

6,129

6,558

6,571

1,116422694

2,898572

181356

6971,092

571

54412

640417

79

144WO)

1,038

528

393

117

308

1,154

III

7,626

7,780

1,631

6,149

6,549

6,564

1,141430711

2,767505

188358

6231,093

615

58314

679437

68

174(426)

1,038

536

379

123

324

1,077

IV *

7,454

7,671

1,552

6,119

7,211

7,127

1,191435756

3,146590

203395

7991,159

611

57615

745501

78

166(436)

1,099

571

410

118

335

243

p Preliminary.1. Data reflecting revised Census Bureau export and import figures for 1966 and 1967 will

appear in the June 1968 issue of the SUEVEY.2. Consists mainly of exports of military equipment under Defense Department sales

contracts with foreign governments to the extent that such exports are included in the Censusdata. Also includes exports of domestically owned goods into storage abroad (e.g., U.S. grainstored in Canada); exports to the Panama Canal Zone; and exports of exposed motion picturefilm for rental rather than sale.

3. Includes exports of domestically owned goods out of storage abroad (e.g., U.S. grainsold from storage in Canada); exports of electrical energy; exports of nonmonetary gold andsilver, and net sales of gold by U.S. private residents to the U.S. monetary gold stock; personalremittances in kind (gift parcels sent through the mail); and transfers, financed under non-military aid programs, of goods to recipient countries from Defense Department stockslocated abroad.

4. Includes valuation adjustments for goods considered to be underpriced or overpricedin Census data; timing adjustments for goods recorded in the Census data in one period butknown to have been shipped in another period; and.coverage adjustments for special situationsin which shipments are omitted from the Census data.

5. Consists mainly of Defense Department and other imports which duplicate in whole orin part purchases (e.g., of nuclear materials) included in table 1, line 16 (Military expendi-tures). Also includes imports of domestically owned goods returned from storage abroad(e.g., grain from storage in Canada); imports from the Panama Canal Zone; and foreigncharges for repair of U.S. vessels.

6. Includes imports of electrical energy; and imports of nonmonetary gold and silver, andnet purchases of gold by U.S. private residents from the U.S. monetary gold stock.




Table 5.—Major U.S. Government Transactions[Millions of dollars]

Line

A. 1

la

234

56.789

10111213

14

151617

18192021

22

2324

2526

27

282930

313233

34

B. 1

la

22a

3

4

56

77a

89

1011

12

1313a

141516

C. 1

23

U.S. Government grants (excluding military) and capital outflows total (table 1,lines 29, 42, and 43, with sign reversed)

Seasonally adjusted _

By category:Grants, net. _ _ .Credits repayable in foreign currenciesOther foreign currency assets (excluding administrative cash holdings),

net

Receipts from—Sales of agricultural commodities _InterestRepayments of principal- -Reverse grants _Other sources

Less disbursements for—Grants in the recipient's currency - - - - - - -Credits in the recipient's currencyOther grants and credits _Other U.S. Government expenditures

Capital subscriptions to international and regional organizations, ex-cluding IMF _ -.- -

Credits repayable in U.S. dollars. . ._ _Other long-term assets, net ..Other short-term assets (including changes in administrative cash hold-

ings) , net

By program:Under farm product disposal programsUnder Foreign Assistance Acts and related programsUnder Export-Import Bank ActCapital subscriptions to international and regional organizations, ex-

cluding IMFOther assistance programs .. ... . . _ _ _ .

Other foreign currency assets acquired (lines A. 6, A. 7, and A. 9) _ .Less foreign currencies used by U.S. Government other than for grants

or credits (line A. 13)Advances under Exchange Stabilization Fund agreements, net. _ .Other (including changes in administrative cash holdings) , net.

By disposition:1Estimated transactions involving no direct dollar outflow from the United

StatesExpenditures on U.S. merchandise .. . _Expenditures on U.S. Services. _Military sales contracts financed by credits (including short-term,

net) 2 (line B. 4)U.S. Government credits to repay prior U.S. Government credits 3 _ _U.S. Government credits to repay prior U.S. private creditsIncrease in claims on U.S. Government associated with Government

grants and capital outflows (including changes in retained accounts)(line B. 7)

Estimated dollar payments to foreign countries and international andregional organizations through U.S. Government grants and capitaloutflows _ .- ' . ._-

U.S. Government liabilities associated with specific transactions (table 1, line 56);net increase (+) _ _ _

Seasonally adjusted

Associated with military sales contracts 4

Seasonally adjusted

U.S. Government receipts from foreign governments (including principalrepayments on credits financing military sales contracts), net of refunds. _

Plus military sales contracts financed by U.S. Government credits « (lineA. 30)

Less U.S. Government receipts from principal repayments _ _ _ _ _Less transfers of goods and services (including transfers financed by

credits) (table 1, line 4)Associated with U.S. Government grants and capital outflows (line A. 33)

Seasonally adjusted-. _ . . . .

Non-interest-bearing securities issued to IDA _ _Non-interest-bearing securities issued to IDBNon-interest bearing securities issued to U.N. for special programs.- _ _Foreign funds retained in U.S. Government accounts for purchases in the

United StatesOther

Associated with other specific transactionsSeasonally adjusted ^

Purchase of Columbia River downstream power rightsU.S. Government nonmilitary sales and miscellaneous operationsNonmarketable, nonconvertible U.S. Government obligations to be

liquidated against U.S. claims _

Foreign holdings of nonmarketable, nonconvertible medium-term U.S. Govern-ment securities not associated with specific transactions (table 1, line 57); netincrease (+)

Export-Import Bank Portfolio Certificates of ParticipationU.S. Treasury securities not included elsewhere 6

1966

4,680

1,915361

245

844186121

115

386232

7297

-1002, 239

20

1,4012,278

909

-100155

322

297-820

3,9603,012

749

28711114

-213

720

116

341

947

28746

847-213

-75-150-41

53(*)

-12

—30-4

22

-49-3

-46

1967 f

5,129

1,765793

-204

732189170

219

200704

9403

1942,597

-15

1, 2542,3261,229

194163

378

403-27-15

4,4123,233

708

4249636

-85

718

-18

68

1,048

424131

1,273-85

-25

-17

-43(*)

-1

-309

20

46919

450

1966

I

1,1031, 185

614106

-83

2164826

(,3

214802

80

474

-8

368571143

36

77

800

-4

913714205

15385

-64

190

4-80

7044

263

1510

198-64-64

-36-8

-20

'(*)(*)

-2-10

-2

-53

-53

II

1,3071,194

52698

104

2505038

(\108642

69

593

-14

430548268

41

97

69i

-7

1,146793194

13030

-1

161

-640-845

129

1307

260-1-1

-11<*)

10(*)

3-4

3

-26-3

-23

III

1,1011,177

38576

111

1904227

(*) 2

34431

72

10499

20

272546233

1031

71

72-5.15

909687149

6520

-12

192

69107

60106

179

656

178-12-12

-19-10-10

27(*)

21IS

-4

25

-23(223

IV

1,1691,1&4

39081

113

188463011

30452

76

—110673

22

331613265

-11047

77

766

16

992818201

77239

-136

177

49i

219146

376

7723

211-136-136

-20-121-11

16(*)

-34-11

-30-1

0

53(*)

53

1967

I

1,3351,419

468595

-427

1985228

(*)3

38565

3102

33675

-9

298717269

3344

82

102-i

-5

1,162874197

10818

(*)

-36

174

10788

114103

350

10816

328-36-36

-25

-12

1(*).

29•21

(*)

29

(*)(*)(*)

II

1,4121,297

496104

141

2355286

13

70792

94

42648

-20

401558337

4237

151

94-24

4

1,244868166

1286431

-14

168

118162

125166

418

12844

377-14-14

-14(*)

7(*)

10

-4

(*)(*)

III'

1,128i, 204

44845

-25

137382912

62262

142

77582

1

248549281

7741

69

142-1

4

935702175

81-1

1

-23

193

-56-95

-29-60

112

8116

206-23-23

-5

-18(*)

-4-12

-2

-2

33510

325

IV v

1,2551,208

35349

107

162472712

30342

65

41691

13

308502342

4141

76

65-112

1,071789169

106163

-12

183

-187-163

-143-142

168

10655

361-12-12

-12.(*)

-32-9

-301

-4

13510

125

NOTE.-—Details may not add to totals because of rounding.* Revised. v Preliminary. *Less than $500,000(±).1. As reported by the operating agencies.2. Consists of transfers of military goods and services financed by U.S. Government credits

and of advance payments to the Defense Department (on military sales contracts) financedby credits extended to foreigners by U.S. Government agencies.

3. Includes estimated net accumulations of foreign currency from principal repaymentsrecorded in line A. 7.

4. Transactions under military sales contracts are those in which the Defense Departmentsells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.

The data for the several categories of transactions related to military sales contracts in thisand the other tables, for the periods beginning with the September 1964 quarter, are partiallyestimated.

5. Consists of transfers of military goods and services financed by U.S. Government credits(included in line B. 6) and of increases in Defense Department liabilities (on military salescontracts) which arise from advance payments to the Defense Department financed bycredits to foreigners by U.S. Government agencies.

6. Includes securities payable in U.S. dollars and in convertible foreign currencies.




Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks


Line

A.

1

la

234567

8

8a

9101112131415

16171819202122

23242526272829

30313233343536

37383940414243

B.1

234567

8

8a

910111213141516

171819202122232425

26

27

Claims reported by U.S. banks:

Long-term (table 1, line 37, with sign reversed)

Seasonally adjusted

Canada _ _ _United Kingdom _ __• _European Economic Community _ _Other Western EuropeJapan. _ _Other countries _

Short-term (table 1, line 38, with sign reversed)

Seasonally adjusted

U.S. -dollar loansCanadaUnited Kingdom ... _ _ _ _European Economic Community^ _Other Western Europe _ _ . .JapanOther countries. _

U.S. -dollar acceptance creditsCanadaUnited Kingdom _ . _ _European Economic Community _ _ . _ _Other Western Europe _JapanOther countries

U.S. -dollar collections outstandingCanadaUnited KingdomEuropean Economic Community. _ _ _ _ _ _Other Western EuropeJapanOther countries . . . . _ _

Other claims in U.S. dollarsCanadaUnited Kingdom . . _ _ _European Economic CommunityOther Western EuropeJapanOther countries

Foreign currency deposits and other claimsCanadaUnited Kingdom . .European Economic CommunityOther Western EuropeJapan . - __Other countries .

Claims reported by U.S. private residents other than banks:Long-term (table 1, line 39, with sign reversed)

Canada - - - -United Kingdom _ ._ . . . -European Economic Community -Other Western EuropeJapanOther countries _

Short-term (table 1, line 40, with sign reversed)

Seasonally adjusted

Reported by brokerage concernsReported by others .. _ _ .

Canada ..- ..United Kingdom - _ _ . _ _ . _ .European Economic Community. ..Other Western EuropeJapanOther countries . ...

Of which' Deposits and money market assetsU.S.-dollar claims reported by major U.S. corporationsForeign currency claims _ . - . . _ _ .Canada _ __ _. _ - ...United KingdomEuropean Economic CommunityOther Western Europe _ _.. . _JapanOther countries

Memorandum items:

U.S.-dollar deposits in Canadian banks:As reported by major U.S. corporations other than banks

(included in line B. 18)As reported in Canadian banking statistics

1966

-337

—32-16

—216—152—119

198

84

16831

—15—21101

—34106

-58—7

82538

—21997

95(*)^ 3

195

3038

—49—87

12207

— 1211

—7214

—14-3

—10-31-28

112

33—41271

—33

329

9320

-11525384313

64

155180

—25-88225332

—3013

-90-238

1967 P

-284

87—14

—240—189—146

218

739

7229

-43-74—75168

4765

13-32-2143873

219—1—2

—10—418452

32—16

26—4

1205

5—10

3-7

18

10

301

5017323239

131

411

1552566197-9343340

n a108

n.a.n.a.n a.n.a.n.a.n an.a.

—2351

I

-127

—123

—17(*)-62—36—11

—1

— 145

—85

—10415

—134

—8—20—82

37(*)

2n2

2913

15—2

54

(*)20

—12

—46—39

—9o

—234

—474

—54

—6—17-27

17

3—4—315

—17

174

180

174-32118731411

—10

1629468

—212841

(*)—3

o

—24-126

196(

II

— 1

27

—182

—19—16—27

77

59

61

44—11

—4—655

—515

—70_2_1116

—59—25

332

—6—3

330

7

272352

(*)-6

3

25—16

454

(*)—10

2

51

12(*)

538

—73

29

_ i34

—5-16

52-39

8—18

8

—3629

-65-34

33-13-3

—212

-33-63

J

III

-102

—73

9—12-79—40—32

52

—229

—16

32—21

162

18—24

41

-208_2—1115

—218—3

54(*)*

16(*)

830

—64—87

131011

—9—2

—4323

—47-7—4-3-5

28

16-3

16

12-4

68

43

68-4110624

—12Q

(*)

6181

-20-23

83-5

3—2

5

-20-54

IV

-107

—168

—6—6

-56—60-49

70

399

1164

19648

— 14-21

3615

132

183—3

8122529

112

-7(*)^ } 4

22

—2813

34163

11—2

(*)6

—73

—7-4

(*)—1

2

16

239

12—7-3

58

107

—2583

-26-23

26211966

-32—84-8

-29-19

102

—48

-135

I

-153

-150

-4—1

-48—32—39

—29

18

81

—11818

(*)-38-48—50

(*)

8813

(*)-29-36047

68—1

•(*)5

—12243

—23—19

—2-10

37

—2

3—825

-19(*)(*)

5

68

105

277

136

91

100

3061-767115

—1-14

532825-671-6-i-2-3

-18-1

19(

II

-188

-160

11-28-72—65-92

58

390

388

—106—644-8

-33-101

-2

400108

(*)12

33634

732

—2-11

—47216

4621

—1-5

21811

—23-49

917

—23

-1

170

21-431i2

121

-74

— 103

31-105

12-69-60—11

167

-60-108

48—1

-67-13

(*)201

-914

)7

III

70

100

3111

-11—10-24

73

77

292

129—7

46

248220

-98—7-7—1

0

-10631

2222

-12—348

-15

2—27

29-2-916-5

2211

-13155

-26

-35

612

-462

-1-8

24

— 1

45-21-34-34

915167

-51-27—24-26-42

7532

-20-80

IV *

-13

—74

494

-109-82

9116

254a a

10217

-39-3

-17-6150

86-11

12-2

-22148

-39

56-4-2

84

428

79

(*)135

—211

336

—18-20-2

7(*)

98

134

20242512

370

415

4932190

13331252

40

n.a.215

n.a.n.a.n.a.n.a.n.a.n.a.n.a.

24118

Amountsout-

standingDecember31, 1967

3,896

41356

240461179

2,547

8,592

3,148213

59165257501

1,953

3,016513839

1801, 829

879

1,50712169369

652665

496181673720

12665

4251546289213960

1,811

5774485

176134795

3,170

2832,887

550675431226197808

197269827427840988239084

205678

p Preliminary. *Less than $500,000. (±)n.a. Not available.

i Amounts outstanding,'lines B. 17-B. 25, are as of Sept. 30,1967.


March 1968 SURVEY OF CUERENT BUSINESS 29

Table 7.—U.S. Liquid Liabilities to Foreigners[Millions of dollars]

Line

1

2

3456

789

10111213

14

15

15a

16171819

20

212223

2425

26

272829

3031

Liquid liabilities to all foreigners (table 1, lines 58 and 59; table 3, lines 8through 12)

To foreign official agencies

Central banks and governmentsDemand depositsTime deposits *_Other private obligations, mainly money market paper 1

U.S. Government obligations:Short-term securities and other obligations

Payable in U.S. DollarsPayable in foreign currencies _ _

Bonds and notes, marketableBonds and notes, nonmarketable, convertible

Payable in U.S. dollars.Payable in foreign currencies

International Monetary fund 2

To foreign commercial banks...

Seasonally adjusted. .

Demand depositsTime deposits l

Other private obligations, mainly money market paper l _ _U.S. Government short-term securities

To other foreign residents and unallocated. .

D emand deposits _ _Time deposits *Other private obligations, mainly money market paper 1

U.S. Government obligations:Short-term securities _Bonds and notes 3

To international and regional organizations not included above. . _

Demand deposits _Time deposits 1

Other private obligations, mainly money market paper 1

U.S. Government obligations:Short-term securitiesBonds and notes

1966

789

—1,595

-1, 772144

—250-123

—353-870

517

—245—945—125-820

177

2 697

1 85434947024

212

—61225—3

—556

-525

15—62-93

42—427

1967 v

3 523

2,072

2,050376

—15519

1,3071,672-365

48455

455

22

1 265

1 289—88

71—7

394

174223

—28

—530

—208

11—15-49

—34—121

I

—377

—852

-9834011

-228

—434-751

317

—5—367

-367

131

404

154

48316488

—3

109

—4410923

120

—38

13142

129—196

19

II

81

54

3616

—122370

—58—108

50

6—176

—176

18

316

492

16717

18149

66

—45434

—16—2

—355

—3—65—61

—103123

66

III

613

—598

-626—103

—34-38

29—122

151

—254—226

—226

28

1 144

1 062

70623212878

91

546g

35

—24

3—7

(*)

2444

IV

472

—199

-199191

—105-227

110111—1

8—176—125

—51

833

989

498264732

—54

1816

—68

2541

—108

2—4

—34

—864

I

—789

-80

-97—389—188

118

285357

-72

572

72

17

—753

— 1 003

—518190

—505

80

43345

—42

—36

—2—4

—20

83—93

IS

II

642

546

54113451

262

—412

-16

5246

465

161

341

27882

—405

12

59—8

—37

—108

—77

(*)—20

5

—60_2

67

III

1,586

282

282173101

-190

79204

—125

—6125

125

(*)

1 265

1,179

98279

221—17

95

—379318

714

—56

1512

-43

— 18—22

IV*

2,084

1,324

1,324458

-119-171

9471,099—152

—3212

212

592

748

547105

—60(*\

207

109104

—14

26

—39

—2—3

9

-39—4

AmountsoutstandingDecember

31, 1967

33, 302

16, 738

15, 7052,0552,5131,378

8,1407,988

152

90871125

686

1,033

11 201

7 9251 1561,991

129

4, 666

1 6872 041

302

78558

697

67124124

178204

* Preliminary. *Less than $500,000 (±).1. With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1 year

or less are included with money market paper.2. Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.

Excludes dollar holdings of IMF except holdings acquired through gold sales to the UnitedStates with the option to reverse the transactions. These reversible transactions amounted to$200 million in 1956, $300 million in 1959, and $300 million in 1960.

3. May include U.S. Government bonds and notes held by foreign commercial banks.


30 SUEVEY OF CUEKENT BUSINESS


March 1968

Table 8.—U.S. International

Line

12

3456

7.89

10

111213

14

151617181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

(Credits +; debits — )

Exports of goods and services _ _Excluding transfers under military grants _ _ _ _ _

Merchandise, adjusted, excluding military _Transfers under military sales contracts, _ _ _Transfers under military grants, net _Transportation

Travel. _ _ _ _ _Fees and royalties from direct investmentsOther private services.Other U.S. Government services _ _ _ _ __ _

Income on U.S. Investments abroad:Direct investments 2 _ _ _ _ _ _ _Other private assetsU S. Government assets

Imports of goods and services _ _ _

Merchandise, adjusted, excluding military _Military expendituresTransportationTravelPrivate payments for other servicesU S Government payments for other services


U S Government payments


Unilateral transfers, net; transfers to foreigners ( — )Excluding military grants

Private remittancesMilitary grants of goods and services-Other U S Government grantsU S Government pensions and other transfers

Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24and 26).


Direct investments 2 _ _ _ _ _ _ _ _Foreign securities newly issued in the United StatesRedemptionsOther transactions i n foreign securities _ _ _ _ _ _ _

Claims reported by U.S. banks:Long-termShort-term

Claims reported by U.S. residents other than banks:Long-term _ _ _ _ _ _ _ _ .Short-term

Transactions in U.S. Government assets, excluding official reserve assets, net ;increase in assets (— ).

Loans and other long-term assetsForeign currencies and other short-term assets

Repayments on credits:Scheduled _ _ _ _ _ _ _ _ _ _ _Nonscheduled

Transactions in U.S. official reserve assets, net; increase in assets ( — )

Gold _ _Convertible currenciesGold tranche position in IMF _ _

Transactions in foreign assets in the United States, net; increase in foreignassets (U.S. liabilities) Of).


U S securities other than Treasury issuesLong-term liabilities reported by U.S. banks _ . _ . _ _ _

Other liabilities reported by U.S. private residents other than banks:Long-termShort-term __ _ _ _ _

Liabilities of U.S. Government, excluding marketable or convertiblesecurities:

Associated with specific transactions __ _Other nonmarketable, nonconvertible, medium-term securities

U.S. Government marketable or convertible bonds and notesDeposits and money market paper held in the United States

Errors and omissions and transfers of funds between foreign areas, net;receipts by foreign areas (—).

United Kingdom

1966

2,9072,907

1,75478

258

6815113120

25092

105

-3,020

-1,776-145-441-167-120-15

-304-52

-113-113

-54-54

-36

-18

-167

-631

-384—15

-6

166

4-252

-60

-1411

80

-381

-80-301

1,131

23-101

32

11540

103-1

-2051,125

108

1967 v

3,3233,323

1,857327

287

4316613420

263102124

-3,093

-1,703-209-452-187-136-15

-334-57

230230

-53-53

-36

-18

177

-587

-356

-71

14-49

-17-108

-128

-240-2

115

-19

879-898

753

42-456-74

53121

14

321,022

-196

1967

I

744744

44353

63

1036346

652510

-717

-426-46-99-16-33-4

-79-15

2727

-13-13

-8

-4

14

-150

-34

-19

1-23

-5-70

-53

-59(*)

6

757

-3760

112

-9-28-2

8233

17

416

-681

II

860860

478138

72

1141334

442711

-778

-417-40

-129-61-33-4

-76-17

8181

-15-15

-11

-4

66

-95

-116

-19

28-58

466

-61

-71-3

13

-313

34-347

—162

-271

-51

-42

-25

12-166

565

III''

787787

47348

81

1446336

59245

-777

-395-44

-124-80-34-4

-83-14

1010

-12-12

-8

-4

-2

-84

-71

-7

-11-15

-1232

-44

-472

1

-514

77-591

672

910-1

-2381.

27

15554

-28

IV 9

932932

46388

71

844354

952698

-821

-465-79

-100-30-35-3

-96-12

112112

-13-13

-9

-4

98

-258

-135

-26

-447

-4-136

30

-63-2

95

51

771-720

131

45-510-20

-25

-5

1618

-53

European Economic Community

1966

7,2577,242

5,41242415

389

8923518924

31613232

-6,773

-4, 107-1,127

-616-392-63-58

-217-193

484469

-101-86

-15-5

-81

383

-893

-1, 140

18148

216-40

-12-83

403

-72-11

77409

653

661

1,147

63328

2381

136

-5531,069

-1,693

1967 9

7,2887,284

5,278427

4428

12024023523

39211823

-7,273

-4, 475-1, 109

-639-403-67-61

-293-225

1511

-106-102

-12-4-1

-89

-91

-508

-838(*)

38-12

24096

-32

-79

-95-13

30

64

85-21

2,190

90446-2

3627

134250

339870

-1,576

1967

I

1,8721,870

1,371173

293

1656615

59324

-1,668

-1, 072-279-129-40-16-14

-70-49

203201

-24-22

-2-2-1

-20

179

-101

-190

9-17

4891

-27-15

3

-76

4

31

31

—184

4547

1827

101

50-473

73

II

1,9241,923

1,433120

1106

3260616

7030

6

-1,800

-1, 050-277-192-123-17-14

-70-57

125124

-27-26

-6-1

-20

97

-99

-203

8-6

727

-3155

-5

-192

13

31

31

584

1783

(*)

-3-2

130

27332

-609

III'

1,4941,493

1,00368

(*)120

4854556

103289

-1,878

-1, 070-295-180-180-16-1.7

-72-48

-384-385

-27-27

if-25

-411

-143

-207

913

11-6

46-9

-30

-36-2

8

-6

-6

983

18193-1

1424

-61125

100570

-393

IV 9

1,9981,998

1,47167

(*)110

2470596

160284

-1,927

-1,283-259-139-60-17-16

-82-72

7171

-27-27

-3(*>..

-24

44

-166

-238(*)

12-2

1094

-20-31

-47

-33-18

4

8

85-77

808

9123-1

7-22

-36125

162441

-648


March 1968

Transactions, by Area

SURVEY OF CURRENT BUSINESS


31

Other Western Europe

1966

3,9553,685

2,41966270579

53718947

15912280

-3,410

-1,764-248-593-287-31-55

-359-73

545275

-555-285

-158-270-34-93

-10

-348

-281

198

152-141

-71-34

-216

-34742

881

-151

78-229

103

4985

8146

15-47

-263164

622

1967 v

4,2733,891

2,524116382587

646811149

17311981

-3,599

-1,896-279-599-312-38-59

-338-78

674293

-658-276

-157-382-31-88

17

-134

-338

346

18997

-32-89

-144

-29539

1093

-94

16-110

1,138

77323-1

1594

-10-1

122519

-783

1967

I

1,064878

56326186136

8152712

423118

-877

-510-71-133-39-10-13

-85-16

1871

-250-64

-40-186-7-17

-64

-31

-110

713

3249

-7-15

-29

-7018

23

229

18211

-28

4235-7

49

14(*)

22-146

-77

II

1,027942

5983085148

15172613

453120

-906

-448-76-170-93-9-15

-78-16

12136

-155-70

-44-85-9-17

-34

29

-74

82 -

6525

11

-27

-6914

28

-98

10-108

476

41-15

1

-1827

-13(*)

22432

-346

III'

» 1,1521,098

75628

"54151

24182812

382817

-873

-399-64-157-130-10-14

-78-21

»280226

» -134-80

-34P -54-8-37

146

-100

-70

8-5

10-9

-2-32

-72

-998

173

117

-18135

264

-17116

(*)

2242

6

2373

-356

IV P

1,030974

6073256153

17183112

492927

-944

-539-68-139-50-10-17

-96-25

8730

-119-63

-39-56-7-17

-32

-32

-85

11

8232

-24-43

-17

-57(*)

41

-342

6-348

426

121875

716

-15(*)

55160

-4

Eastern Europe

1966

231231

200

6

121

39

-206

-177-1-8-12

-8

2525

-14-14

-9

-1A

11

9

-715

1

20

3

17

12

-1

13

-52

1967 v

232232

201

5

15(*)

37

-213

-178-1-7-17(%

81919

-19-19

-10

-5-5

(*)

-12

-7-3

°-231

15

17

4

(*)

(*)

(*)

-23

1967

I

8080

73

1

4(*)

11

-58

-53(*)-2-1

(*)-2

2222

-4-4

-2

-1-1

18

-9

-4-4

-1

9

5

4

-17

(*)

(*)

-17

-1

II

575?

46

2

4(*)

15

-53

-44(*)-2-4

(*)-3

44

-5-5

-2

-2-1

-1

-4

-1-1

-2

16

8

8

8

(*)

(*)8

-18

III'

4545

38

1

4(*)

11

-55

-41r)-2-10(*}-2

(*)

-10-10

-4-4

(*)

-13

4

12

(*)

5

2

3

-1

(*)

«-i6

IV v

5151

44

1

4(*)

1(*)

-47

-40-1-2-2

(*)-2

(*)

33

-6-6

-3

-2-1

-3

-3

-3(*)

1

1

1

14

wu-9

Canada

1966

8,9768,976

6,53739

157

5862151547

766515

-7,509

-6, 043-204-157-678-101-21

-231-74

1,4671,467

-36-36

-5

-31

1,431

-1,490

-1,087-92226891

3249

-33112

1

1

-202

-200-2

97

2243

-1354

-13-1

-110-65

163

1967 v

9,6379,637

7,09152

164

5722581707

7595621

-8,971

-7, 056-231-158

-1, 062-111-30

-257-65

666666

-45-45

-11

-34

621

-1,397

-383-980226-19

-87

-50-104

-35

-31-3

-145

-1505

743

-24301

(*)

287

-51200

24204

212

1967

I

2,2792,279

1,70917

36

14054431

154126

(*)

-1,868

-1,596-60-35-65-28-4

-63-17

411411

-8

-8

402

-263

-57-256

5012

4-3

-10-2

-1

-1

5

5

-183

-1533

(*)

836

-11

4-237

39

II

2,5512,551

1,92210

41

16057422

168148

-2,289

-1,800-49-41-290-28-5

-61-15

261261

-11-11

-3

-8

250

-180

-50-247

7772

-1122

-21-21

-33

-31-2

-50

—50

147

189200

-137

-1

21-200

-134

III'

2,2812,281

1,6359

44

17772432

1661321

-2,466

-1,687-61-40-570-28-6

-58-16

-186-186

-14-14

-5

-8

-199

-316

-122-209

50-47

-3128

-622

(*)

(*)

(*)

(*)

356

893

-199

-4-3

-5200

1264

159

IV »

2,5272,527

1,82515

44

9575432

272156

(*)

-2,347

-1,973-61-42-137-28-15

-74-17

180180

-12-12

-3.

-9

168

-639

-153-267

49-55

-49-47

-13-103

-1

-1

-100

-100(*)

423

-1886-1

-117

-35

-2377

14S

Line

12

3456

78910

111213

14

151617181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60


32 SURVEY OF CURRENT BUSINESS


March 1968

Table 8.—U.S. International

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60

(Credits-f-; debits-)

Exports of goods and servicesExcluding transfers under military grants

Merchandise, adjusted, excluding militaryTransfers under military sales contractsTransfers under military grants, ne t _ _ _ _ _Transportation _ _ _ _

TravelFees and royalties from direct investmentsOther private servicesOther U.S. Government services.

Income on U.S. investments abroad:Direct investments 2 _ _ _ _Other private assets _U.S. Government assets

Imports of goods and services _ _ _

Merchandise, adjusted, excluding militaryMilitary expenditures _ _ _Transportation _ _ _ _ _

TravelPrivate payments for other services _ _U.S. Government payments for other ser vices. _


U S Government payments


Unilateral transfers, net; transfers to foreigners (— )_ -Excluding military grants

Private remittances __ _ _ _ _ _Military grants of goods and services. -Other U.S. Government grantsU.S. Government pensions and other transfers

Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24and 26).


Direct investments 2 _ _ _Foreign securities newly issued in the United StatesRedemptionsOther transactions in foreign securities _ _

Claims reported by U.S. banks:Long-term _ _ _ _ _ _ _Short-term

Claims reported by U.S. residents other than banks:Long-termShort-term _

Transactions in U.S. Government assets, excluding official reserve assets,net; increase in assets (—)

Loans and other long-term assets _ _ _ _ _ _ _Foreign currencies and other short-term assets

Repayments on credits:ScheduledNonscheduled

Transactions in U.S. official reserve assets, net; increase in assets (— )

Gold-Convertible currenciesGold tranche position in IMF

Transactions in foreign assets in the United States, net; increase in foreignassets (U.S. liabilities) (+)

Direct investments 2_ .U.S. securities other than Treasury issues. _Long-term liabilities reported by U.S. banks. .

Other liabilities reported by U.S. private residents other than banks:Long-term _Short-term

Liabilities of U.S. Government, excluding marketable or convertiblesecurities:

Associated with specific transactionsOther nonmarketable nonconvertible medium-term securities

U.S. Government marketable or convertible bonds and notesDeposits and money market paper held in the United States

Errors and omissions and transfers of funds between foreign areas, net;receipts by foreign areas (— )

Latin American Republics and other WesternHemisphere

1966

7,8757,803

4,7182272

408

66217621069

1,111309118

-6,441

-4, 679-153-279

-900-122-138

-157

1,4341,362

-516-444

-120-72

-291-33

918

-607

-276-69

192

-50-197

1-37

-390

-69630

25917

44

44

-1

1767

190

126

-123

-179

36

1967 »

8,0357,971

4,6682764

410

72018723871

1,171356123

-6,514

-4, 632-174-287

-948-127-151

-179

1,5211,457

-482-417

-121-64

-264-32

1,040

-844

-143-140

56-13

-212-255

-112-26

-417

-73548

269(*)

668

-6115327

205

-26

-41274

-447

1967

I

1,9391,919

1,1575

2090

162425418

2828426

-1,712

-1,248-38-68

-250-25-36

-44

227207

-141-121

-30-20-81-10

86

-84

-41-48

55

32-55

18

-130

-20715

62

199

-91630

8-4

-16

-17191

-70

II

2,0161, 998

1,1725

17103

181486019

2819138

-1,601

-1, 147-43-73

-230-29-32

-44

414397

-129-111

-30-17-73

0

286

-128

105-10

5-9

-37-35

-122-25

-74

-17827

78(*)

-12

-12

332

67

233

75

-3

-280

-404

Illr

pi, 9981,984

1,1509

Pl4104

196486217

2878525

-1,582

-1, 070-47-73

-260-38-45

-45

*>416402

p-110-96

-27-14-62-7

306

-247

-68-33

40-1

-152-36

14-11

-93

-1523

56

-7

-7

-140

-1318

-37

4

-4

-19-89

181

IV P

2,0832,070

1,1898

13112

181496217

3229635

-1,618

-1,167-46-73

-208-35-38

-47

464451

-102-89

-33-13-48-8

363

-385

-138-48

6-8

-55-129

-4-8

-121

-1973

73

19

19

277

1075

101

14

-3

-392

-153

Japan

1966

2,9612,961

2,34124

153

3426989

4320627

-3,850

-2,966-476-171

-62-8

-15

-123

-889-889

-32-32

-22

-10

-921

365

-31-4

610

119266

3-4

-50

-112-2

64

56

56

-149

-245

194

-5

4

-323

699

1967*

3,3983,394

2,680714

163

4130

1199

4320633

-3,955

-3,008-524-176

-69-11-16

-122

-557-561

-35-32

-22-4

-9

-592

-545

-28-14

4

146-575

-39-34

6

-109-4

1153

106

-233

242

27

-39

-104

1,025

1967

I

809809

6485

(*)39

97

292

9529

-930

-703-127-45

-10-3-4

-31

-121-121

-7-7

-5(*)

-2

-129

-41

-29

1-1

39-39

-131

-24

-47-2

25

-1

81

157

"•

2

(*)-171

194

II

837837

65920

40

107

302

11508

-975

-729-141-43

-20-3-4

-28

-138-138

-8-8

-6

-2

-146

-257

-3

1-1

92-328

—2-17

-9

-17-1

10

108

-1(*)

86

8

-2

(\304

III'

P823821

6544

i>242

127

303

9528

-999

-774-121-41

-20-3_4

-30g

*-176-178

p-9-7

-5-2

-2

-186

-38

-7

1-3

24-38

1-16

22

-212

393

32

-131

-1

7

-1

38

169

IV P-

930928

719422

42

108

302

15528

-1,051

-802-135-48

-19-3-4

-347

-121-123

-11-9

-7-2

-3

-132

-209

11-14

1(*)

-9-170

-25-2

16

-24-2

42

-33

-18

8".-38

13

358

' Revised. p Preliminary. *Less than $500,000 (±).1 Includes transactions with shipping companies operating under the flags of Honduras,

Liberia, and Panama.2 Excludes undistributed profits of subsidiaries.

NOTE.—Details may not add to totals because of rounding.Source: U.S. Department of Commerce, Office of Business Economics.


March 1968

Transactions, by Area—Continued

SURVEY OF CUEEENT BUSINESS


33

Australia, New Zealand, and South Africa

1966

1,6511,651

1,14966

74

3366781

13747

-992

-806-59-66

-212

-23

-9-6

659659

-17-17

-13

-4

642

-313

-170

24

-127-17

4-22

-39

-56

17

90

18

—241

28

5

-380

1967 *

1,8551,855

1,273132

78

316585

(*)

133516

-977

-813-28-69

-25-2

-23

-10o

878878

-16-16

-12

-4

862

-223

-329

18-1

5811

-122

-144

-174(*)

30

65

-23026

"-r

-14

(*)32

-561

1967

I

454454

33817

19

51621

(*)

2612

(*)

-238

-194-8

-17

-8(*U-3

2

216216

-5-5

-3

-1

212

-91

-67

4-6

-377

-412

-35

-361

1

-1

(*)(*)

(*)-18

11

w-i-85

II

457457

31619

20

81422

(*)

42152

-242

-199-9

-18

-5-1-6

-3-2

215215

-4-4

-3

i

211

-21

-49

67

5

29

-44

-47-1

4

65

n-i5

(*)

28

33

-212

III'

426426

30612

21

111821

(*)

2611

(*)

-243

-205-5

-17

-5(*)

-6

-3-2

183183

-3-3

-3

-1

180

-67

-165

4-1

96-3

11

-28

-29

1

8

(*)

4

11

13

-19

-93

IV »

519519

31385

18

71822

(*)

40133

-255

-215-6

-17

-7(*)_4

-3-2

264264

_4-4

-3

-I

260

-44

-49

4-1

(*)2

-37

-62(*)

24

-8

-13110

-67

19

-171

Other countries in Asia and Africa

1966

7,8377,197

4,638128640374

4894

179147

1,235131223

-4,966

-3, 052-1,281

-165

-138-7

-197

-94-32

2,8712,231

-2,523-1,883

-281-640

-1, 513-89

348

-375

-245-120

2324

-14-25

-8-10

-1,205

-1,076-329

1991

49

49

956

118

413

-13

82

-1456

227

1967 P

8,1357,688

4,891121448392

50101158152

1,454148221

-5,525

-3, 058-1,764

-168

-147-7

-221

-117-43

2,6102,163

-2,407-1,960

-450-448

-1,341-170

203

-883

-465-218

26-20

-57-61

-18-70

-1,339

-1, 785139

3071

200

200

936

-1105388

-336

1620.

17358

883

1967

I

2,1412,005

1,28732

13696

8283838

3883853

-1,369

-795-416-39

-26-2

-53

-28-11

772636

-591-455

-70-136-355-30

181

-416

-365-33

7(*)

38-41

-2-19

-399

-859394

66

21

21

207

-217

152

58

27(*)

(*)

406

II

2,0711,927

1,29134

14497

10264038

2963460

-1,359

-743-435-42

-44-2

-55

-27-11

712568

-750-606

-194-144-377-35

-38

-115

—7-65

7-11

-19-27

-18

-368

-336-165

133(*)

6

6

222

112

122

-53

4

2461

293

III'

*1,9281,841

1,12930

^87101

18233934

3803949

-1,374

-739-457-43

-40-2

-30-10

^554467

p-616-530

-108*-87-352-69

-62

-142

-7-89

7-17

-18(*)

-7-12

-209

-27011

50(*)

1

1

211

25633

-314

-2710

-5132

201

IV P

1,9961,915

1, 184258199

14254142

3903759

-1,423

-781-456-44

-37-2

-59

-33-12

573492

-450-370

-78-81

-256-36

123

-211

-87-31

58

-587

-8-47

-363

-320-101

57(*)

172

172

295

-22181

(*)11

1210

-2164

-16

International organizations and unallocated 1

1966

386386

191

11107

28481

-770

-140

-418

-104

-31-77

-384-384

-74-74

-3

-71

-458

70

71-80

2851

5

5

500

-37

537

-85

251124

-116

-42985

-32

1967 P

417417

187

10109

56531

-775

-161

-410

-99

-33-72

-358-358

-128-128

A

-124

-486

-312

-147-246

6813

(*)(*)

(*)

-114

-119

5

46

140

-94

-5

12759

(*)

-42

-81-68

871

1967

I

9898

47

227

5161

-178

-32

-105

-15

-8-18

-80-80

-24-24

(*)

-24

-105

8

2-14

183

(*)

(*)

-15

-17

3

-16

15

-31

-18

(*)34

(*)

-37

-7762

145

II

8989

46

228

49

-164

-31

-105

-3

-8-18

-75-75

-35-35

(*)

-35

-110

-82

-20-90

1810

(*)

(*)(*)

-25

-25

17

27

-10

23

738

(*)

(*)-58

178

III'

9999

45

328

816

-213

-39

-94

-54

-8-19

-114-114

-25-25

(*)

-25

-140

-143

-14-142

18-5

(*)

8.-49

-51

3

34

39

-5

49

6342

(*)

-5

-4-47

248

IV P

131131

50

28

4011

-220

-59

-106

-27

-10-18

-88-88

-43-43

—3

-40

-131

-96

-115

145

(*)"

-26

-26

11

59

-48

-59

-9-25

(*)-25

301

Line

12

3456

789

10

111213

14

151617

181920

2122

2324

2526

27282930

31

32

33343536

3738

3940

41

4243

4445

46

474849

50

515253

5455

5657

5859

60


34 SURVEY OF CUEEENT BUSINESS March 1968

Table 9.—Changes in Reported Foreign Gold Reserves and Liquid Dollar Holdings Through Known Transactions With the United Statesand Through Other Transactions, by Area 1

[MiUions of dollars]

Line

123

4.5

7gg

10•Q

12

13

15

161718

19on

21

222324

252627

282930

All areas:

Total increaseThrough known transactions with the United States _ _Through other transactions

Western Europe, including United Kingdom:

Total increase - -Through known transactions with the United States _ _ _-Through other transactions

United Kingdom:

Total increase -- - --Through known transactions with the United StatesThrough other transactions

Eastern Europe:

Total increase - -Through known transactions with the United StatesThrough other transactions --

Canada:

Total increase --Throuffh known transactions with the United StatesThrough other transactions - --

Latin American Republics and other Western Hemisphere:

Through known transactions with the United States -Through other transactions

Japan:

Total increase - --Through known transactions with the United StatesThrough other transactions - -

Australia, New Zealand, and South Africa:

Total increase -Through known transactions with the United StatesThrough other transactions -

Other countries in Asia and Africa:

Total increase - - -Through known transactions with the United StatesThrough other transactions -- - - -

International organizations and unallocated:

Total increase - - - - - -Through known transactions with the United States 2

Through other transactions

1966

1,3141,217

97

849495354

294647

-353

13-39

52

-282-214-68

-247-99

-148

-322432

-754

218-376

594

379732

-353

706-16722

1967 v

2,4573,414-957

1,703299

1,404

n.a.838

n.a.

4—19

23

202296

-94

261-213

474

-98921

-1, 019

-14-528

514

6131,458-845

-213607

-820

I

1041391

-133-152

19

615123492

-5-21

16

-321-22

-299

-47-76

29

-48193

-241

124-68192

85140

-55

44922

427

19(

II

15610749

29424648

-254230

-484

13

-2

-196-339

143

-114-121

7

-6888

-156

130-39169

216457

-241

-107-226

119

36

III

634666

-32

30228517

-360179

-539

8-11

19

-7192

-199

-13169

-200

-15843

-201

-15-155

140

230261-31

405147258

IV

420431-11

386116270

293115178

9-10

19

242—45287

452916

-48108

-156

-21-114

93

-152-126-26

-4141

-82

I

167206

-39

477-196

673

51796

421

-17-18

1

-190-189-1

16910564

-17023

-193

-92-86-6

38427

-389

-4683

-129

19e

II

85192

-107

141—110

251

-47099

-569

8—11

19

-197—362

165

103-338

441

16321

-305

-37-178

141

102384

-282

-51105

-156

>7

III'

1,1871 172

15

882156726

1012774

-14

—5

298425

-127

-12265

-187

43209

-166

1-112

113

132328

-196

-46193

-239

IV *

1 0191 842—823

203450247

n a617

n a

1459

291424

-133

111—45156

13372

-359

116-152

268

34131823

-70228

-298

NOTE.—Details may not add to totals because of rounding.T Revised. *> Preliminary. n.a. Not available.1. Total increase represents changes in reported gold reserves of foreign central banks and

governments (including international organizations but excluding the countries of the Sovietbloc) net of convertible currencies included in U.S. official reserve assets (table 1, line 48) plusforeign liquid claims on the United States (table 1, lines 58 and 59) plus net changes in foreignIMF positions through U.S. dollar transactions (table 1, line 49).

Changes through known transactions with the United States represents for each of the separateareas shown the sum (with sign reversed) of table 8, lines 23, 25, 32, 41, and 51-57. For "Allareas" line 60 is added, and for "All areas" and "International organizations and unallocated"line 23 is adjusted to exclude net sales or net purchases (-) of gold by U.S. private residentsto the U.S. monetary gold stock. These were (in millions of dollars): 1966, year, -140; I, -34,II, -42; III, -29; IV, -35; 1967, year, -161; I, -32; II, -31; III, -39; IV, -59.

Changes through other transactions equals "Total increase" less "Changes through knowntransactions with the United States." For "All areas" this difference represents knownacquisitions (+) or sales (—) of gold by foreign central banks and governments outside theUnited States. The net acquisitions of gold equal the excess of new gold production abroadplus sales by the Soviet bloc less net gold purchases by others. For each of the separate areasshown the difference reflects net gold and dollar receipts (+) or payments (—) resulting fromtheir transactions with countries other than the United States, net of changes in their converti-ble currencies included in U.S. official reserve assets resulting from U.S. transactions withother areas, and from unrecorded transactions with the United States.

2. Includes transactions with shipping companies operating under the flag of Honduras,Liberia, and Panama.




Machine Tools—Orders and Shipments, 1956-66: Revised Data for Page S-34 1


Orders, new (net),total:

1956 _195719581959 _ _ - _ - _I960. __

1961 _19621963

. 19641965. _1966

Orders, new (net),domestic:

1956. _ _1957. _ _ _195819591960

19611962 _196319641965 _ _1966 _

Shipments, total:19561957 _ _19581959 _1960__. _ _ _ _ _

1961.-. - _ —1962____19631964.1965 _1966

Shipments, domestic:19561957. _ _ ._ .19581959I960. _ _

19611962. .1963196419651966 _ _ _

Orders, backlog, end ofperiod

19561957195819591960_-_ _

19611962 _ _ _19631964. _ _ _1965 _ _ _1966

Orders, new (net),total

19561957_._ _19581959. _ _1960

1961-1962196319641965.1966..

Annual Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

METAL CUTTING TYPES

983. 50553. 15299. 50541. 80535.30

591. 80572. 10759. 75

1, 039. 151, 251. 701, 629. 90

882. 20491. 95247.95470.95375. 00

401. 15468. 85606. 85861. 25

1, 122. 651, 483. 10

945. 20900.15438. 40440. 60541. 50

541.25612.85638.45844. 65

1, 022. 551, 221. 75

858. 20803. 55381. 10389.85420. 75

366.55450. 05526.05679. 15885. 85

1, 097. 50

734. 7387.7248. 8350. 0343.8

394.4353.6474.9669.4898.6

1, 306. 7

116. 6067.3020.5030. 9546.25

38. 0544.7549. 2085.2087.15

134. 65

102. 9559.9517. 0026. 4536. 25

22. 3036.5539.8564. 5077. 70

122.95

58.2581.7050.9524.9539.20

39.4045.9538. 1553.7072.6584.55

52.7072.1044.8021.3034.00

26. 7532.7031.7042.5062.4574. 85

754.8720.3357. 3254.8357. 1

342.5393.2364.7506.4683.9948.7

86.5561.9024. 2538.2550. 75

42.0036. 2056.7079.2597.35

144. 20

77.0554.3519.7533.0537. 70

29.4528.0547.6564. 3583.10

128. 95

68.9582.8541. 1028.9042.70

38.0044.9545.8554. 6575.0588.60

62.6576.8036. 7023.4536.65

26.0532.2036.5541.7064.5078.50

772.4699.4340.4264.2365.1

346.5384.4375. 5531. 0706.2

1, 004. 3

95. 2562.6031.4042.8551. 55

58.3547.4565. 4582.65

104. 00165.75

85. 2054.5525.0038. 4038.90

43.4037.6052.7565.3592.20

146. 25

79.0595.0548.8540.3554.50

44.8059. 1053.2568.1096.30

112. 10

72.3584.0544.0034.5547.05

30.8541.2044.3551.7082. 90

100. 55

788.6666.9323.0266.7362.2

360.0372.8387.7545.6713.9

1, 057. 9

84. 3554.5524.4043.0039.00

43.9546.5566. 1097.45

102. 15143. 10

78.7548.6017.7037.4530.75

33.6536.7051.6584.7091.20

126. 00

76.6093.6542.8535.5046.85

42.8551.9549.7069.20.82. 9591.65

69.3582.8537.2530.5038. 70

30.2037.6542. 0055. 8572.7583.50

796.3627.8304.5274.2354.3

361. 1367.4404.1573.8733.1

1, 109. 4

92. 7044.1023.2539. 9540.35

44.4055.0070.8590.5079.60

135. 85

84.5540.4019.6037.0527.75

32. 8544.3549. 3574.7071. 45

127. 25

81.9583. 7040.1532.3547.25

45. 7558.3057.3075.4588.0096.20

75.2075.6034.8529.3037.75

33.5038.8548.9561.3076.5584.50

807.1588.2287. 6281.8347.4

359.8364.1417.7588.9724.7

1, 149. 0

65.8045.9024.5557.4045.35

55.4553.1560.80

106. 5099.70

143. 95

59.2542. 6519.7553.0527. 10

33.5542.8047.3088.7592.75

131.15

81.3088.4537.8039.6551.60

49.8563. 9557. 1578.7589.35

119. 50

74.1577.7032.9535.6540.50

32.2044.6549.6066.4075.90

109. 20

791.6545.7274. 4299.5341.2

365. 4353.3421.3616. 6735.1

1, 173. 5

65.8559.0522.2554.0035.65

49.7049. 5561.6583.05

101. 70128. 60

58.8053. 7518.3048.6024.10

29.6539.8551.0070.7590.20

116. 20

69.4562.6524.7533.2542.10

39.7042.0547. 5564.0074.0084.65

64.7054.9520. 1530.7533.50

26.6030. 8541.2555.1564.6577.60

788. 0542.1271.9320.3334.7

375.4360.8435.4635. 7762.8

1, 217. 4

93.1547. 4020.5045.0050. 85

47.6040.9552.3578.60

113. 70120. 40

83. 3043.0517.6041.2538.60

31.5535.3541.0066. 75

101. 60114. 10

80.1567.4524.7033.1038.95

36.3542.1543. 9564.9561.3586.35

73.6561.9020.6028.8030.95

24.7031.6535.5054.6053.4079.35

801.0522.0267.7332.2346.6

386.6359.6443.8649.3815.1

1, 251. 5

83.5530. 7021. 4050.8044. 85

59. 2041. 9060.2088. 95

106.35146. 50

73.3026. 6519. 5542.5027.50

36. 2533.6548.3572. 4092.70

134. 65

75.8569.0029.0038.7043.75

44. 0046.6058.4077.1586.20

110.95

69.7562.4524.6535.5031. 90

28.9535.9045.7060. 6575.6599. 85

808. 7483. 7260.1344.3347.7

401. 8354.9445.6661. 1835.3

1,287.0

70.3529.6030.2546.4037. 90

50.3051.4071. 2086.20

105.70136. 40

61. 2525.2025. 7537.8527.20

30. 4044.6056.8572.1099.05

129. 00

95.7064.9534. 9542.9043.40

48.2047. 8057. 6576.4097.05

108. 65

85.1557.0531.1039.0029. 60

30.2537.1045.8058.0080.6097.80

783.3448.4255.4347. 8342.2

403.9358.5459.2670.9843.9

1, 314. 8

68. 4030. 2023.7044.6042. 30

55.3550.2562.9074.50

117. 60110. 15

62.5026.7020.2036.2527.75

42.4543. 2552.8561.55

106. 7599. 25

87. 1550.8027.1536.5039.35

51.3051.2555.8570.0083.20

103. 05

78.5044.5022.8532.6524. 95

34.3541.4544. 5556.2571.7590. 85

764.6427.8251.9355.9345.2

408.0357. 5466. 2675.4878.3

1, 321. 9

METAL FORMING TYPES

315. 35170. 60129. 25208. 45209. 65

182. 75244.50301. 85539.75441. 7044.5. 72

41.3016.9510.5016. 6518. 00

28.2523.3019.4067. 4027.7541 an

29.8018.907.60

13. 1017.90

9.7521.0526. 6028.1531.1549. 40

23.2519.159.35

15.6018.80

21.1526.1517.8033.5034.6043 3K

30.9518.007.50

17.7021.10

8.9022.6522.4063.2527.9531 7K

21.2517.008.55

15.5016. 90

11. 3016.6518.7546.2533.25d.3 on

22.9513.3512.7015.9517. 45 ,

13.1518.7020.5587.3556.40KI 3n

32.409.907.80

17.7013.25

12.4519. 6021.5538.6036.8038 ft*

27.3011.6512.6513.8512.65

14.1017.5027.4521.9533.95?u m

16.7011.0511.1515. 4514.25

15.3014.8531.2535.4535.3597 Kn

25.6516.5511.8532.2528.65

12. 6522.6044.7031. 6048.6539 R»

20.309.50

11.6517.1014.35

18.1520.3522.0533.3037.6033. 54

60. 9519.8533.0548.6050.50

47. 4554.9582.3586.30

136. 70120. 35

55.3016.1027.7539. 05.31. 40

35.6546.1068.2575. 35

123. 95107.35

90.8059.9036.1554. 1551. 85

61.0558.8073.6592.30

116. 45135. 50

80. 0553.6031.2048.4035.20

42.1545.8560.1075.05

104.75120.95

734. 7387.7248.8350.0343.8

394.4353.6474.9669.4898.6

1,306.7

23.508.60

17.9517.6016.35

17. 6021.1029.3552.9538.2522.73

1. See footnote at end of table.


36 SURVEY OF CUKRENT BUSINESS

Machine Tools—Orders and Shipments, 1956-66: Revised Data for Page S-34 1—Continued

March 1968

Orders, new (net),domestic:

195619571958 _19591960

196119621963 -196419651966 _

Shipments, total:1956 _ . _ _195719581959I960

1961 _ _1962 _ _ _ _ _1963 _196419651966

Shipments, domestic:19561957195819591960

196119621963196419651966

Orders, backlog, endof period:

19561957 __ _19581959 _ _1960

196119621963196419651966

Annual

290 05153. 55103. 35173. 50152. 65

135. 60193 20262. 80486 80410. 30401. 35

432. 10342 55152. 80175.40202. 50

209. 65208. 40257. 30319. 70403. 05463. 45

412. 10306. 80126. 05148 45160. 10

156. 10156. 00215. 20280. 60362. 95436 85

255.083.159 592.699.7

72.8108.9153 4373.5412.1394 4

Jan.

39.7015.708.30

14.1515 10

23. 0017 0016.8565 3025.4035.95

22.9532 6514 1011.1013.50

12.0014.4018.6021 0029 6532.65

20.8030 6012 308 10

12 30

8 809 45

16.0517 3027 3531 10

390 1239.3

79 565 197.1

116 081.7

109 7199 8371.5420 7

Feb.

28.6518.457.15

12.4015. 30

7.7517 9522.7026 0028 3040.50

30.2535 9013 3512.5516. 75

14.1016.7519.7526 8534.3540.10

28.7034 0512 2011 0014 40

9 7511 5514.0522 5531 8536 45

389 7222 373 765 698 2

111 686 0

116 6201 1368 3423 0

Mar.

Ml

20.1518.308.80

14.6515.25

14.6519 4516.3526 6532.1539.60

38.4037 1011.6011.1018.85

17.9516.8024.3523.6538.7042. 65

36.9034 3010.059 80

15 15

13 9513 1520.4021 5035 0540 20

374 5204.471 570 198.2

114 895 4

110 0211 0364.2423 7

Apr.

ETAL FORE

28.9516.205.85

16.1015.70

6.0516 0015.9059 6524.4530.05

33.3032 0514.9516.5015.70

19.0016.3520.1527.7029.7537.35

32.0027.0512.9013 5512.25

15.8511.2516.2025.5027.1035 35

372 2190.364 071 3

103.6

104 7101.7112 3246 5362.4418 1

May

*ING TYPI

19.7016.207.45

14.858.75

9.4013 2514.9541.8031.0537.95

38.2036 1517.6014.9516.90

21.1016.9526.1025.5039.1038.35

36.9032.2012.6512 3013.05

17.5012.8522.1523.0534.6536 15

355.2171.255 071.9

103.6

94 9101.4104 9267 3356.6423 0

June

2S — Continu

20.5012.557.95

14.2014.20

8.6514 3018.1578.5054.7545. 40

40.3533 6014.1518.0520.60

24.5519.2026.4029.9036.4042.80

38.5030.3011.2016.1518.15

17.2014.5024.4027.7032.9041 00

337.8150.953 569 8

100.4

83 5100 999 0

324 7376.6434 5

July

ed

31.308.806.50

10.457.85

9.7012 9519. 1535 0535.8536.70

37.6031.859.15

13.2016.65

17.6517.4520.9526.4028.3033.55

36.1530.207.85

11.4014.00

12. 3014.8017.7522.8024. 8032 55

332 6129.052 274 397 0

78 3103 099 g

336 9385 1439 6

Aug.

23.1010. 709.15

11.458.55

10. 3512 6025.0020.5031.6531.30

38.8021.159.35

12.9516.00

18.2015.9517.7024.3528.5037. 35

38.0018.857.90

11.6512. 15

13.6012.7515. 9019.7026. 3534 05

321 1119.555 575 293.7

74 2104 6109 4334 5390.5436 3

Sept.

14 359 508.70

14.058 35

10. 6013 5524.2528 3033 0524.70

38.4524 3010.8013.8518.15

15.0513.2520.6022.3029.6541.40

36. 9519.709.15

12 5514.45

11.0510.2516.9018 3026.4538 55

299 4106.255 876 889.8

74 5106 2120 0347 7396.2422 4

Oct.

23 3512 4510.7521.5023 55

10.8519 8041.2526 8046 1028.80

41.1021 2512.1515.8515.05

15.5023.6522.9529.6534.0537.90

39.2517.559.45

13.4010.70

10.8517.6518.1526.1530.6035 80

283.9101.555 593.2

103. 4

71.6105.1141 8349.6410.8417.4

Nov.

18 357 95

10 8513.8511 55

12.9016 9020 9528 1534 5531.35

35.5017 0511.5017.3516.35

15.4517. 8019.7528.5032.2039.15

33.6513.858.45

14.6512.40

12.8013. 1015. 8025.3027. 3536.95

268.794.055.792.9

101. 4

74.3107. 7144.1354.4416.2411.8

Dec.

21 9,6 7,

11 9(15.88 5(

11. 7(19 4i27. 3(50 1(33 0(19. 0»

37. 2(19. 5(14. 1(17.918. 0(

19. 1<19.820. 0(33.942.440.2

34.318.111.913.911.1

12.414. 7(17.430.7,38. 5(38. 7(

255. (83.159. i92. (99.7

72..108. <153.4373. f412.1394. 4

1. Data have been adjusted to new benchmarks; the revised data reflect new companiesas well as new types of machines now being classified as machine tools.

Source: National Machine Tool Builders' Association.

Balance of Payments(Continued from page 22)

and many transactions attributed tothese countries may have been for the-account of EEC countries. In suchinstances, data for Western Europe asa whole would be more satisfactorythan the data for separate Europeanareas.

The U.S. surplus on nonmilitarymerchandise trade with the EEC fellfrom $1,300 million in 1966 to $800million in 1967. The sharp reductionreflected a decline of $135 million inexports and a rise of $365 million inimports. Net payments of nearly $700million for military transactions and of$100 million for other goods and serv-ices were about the same as in 1966.The balance on goods and services,therefore, was close to zero in 1967.

U.S. Government capital transactionswith the EEC resulted in net receipts ofabout $300 million in 1967, as comparedwith $535 million in 1966. The decline inreceipts reflected mainly the absence ofnonscheduled repayments of U. S.Government credits. In 1966, such re-payments were $410 million.

The unfavorable shifts in the balanceson goods and services and U.S. Govern-ment capital through transactions withthe EEC were partly offset by reportedfavorable changes in capital flows be-tween the United States and the EEC.U.S. direct investment in EEC coun-tries fell about $300 million to $840million; the liquidation of U.S. bankingclaims increased $150 million, and EECpurchases of U.S. securities rose over$100 million.

The balance on recorded transactionsother than changes in U.S. official re-

serve assets and in U.S. liquid liabilitieswith the EEC countries resulted in netU.S. receipts of about $500 million in1966 and about $300 million in 1967.However, the EEC countries receivedlarge amounts of dollars through acombination of unrecorded transactionswith the United States and transactionswith other foreign countries in Europeand other areas; these made it possiblefor the EEC countries to raise theirgold reserves and dollar holdings.

The gold reserves and recorded pri-vate and official dollar holdings of theEEC countries as recorded by U.S.banks increased nearly $900 million in1966 and over $1.0 billion in 1967. Inaddition, large amounts of liquid dollarassets are held by EEC residents inbanks in the United Kingdom and inother non-EEC countries for which nodata are available.

' U.S. GOVERNMENT PRINTING OFFICE: 1968—O-290-916


CURRENT BUSINESS STATISTICS

JLHE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEYOF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical dataas follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicatedby an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthlySURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein correspondingto revised annual data are available upon request.

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

Unless otherwise stated, statistics through 1966and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS

1965 1966 1967

Annual total

1964

IV

1965

I II III IV

1966

I II III IV

1967

I | II | III IV

Seasonally adjusted quarterly totals at annual rates

GENERAL BUSINESS INDICATORS—Quarterly Series

NATIONAL INCOME AND PRODUCT

Gross national product, total bil. $

Personal consumption expenditures, total do__

Durable goods, total 9 - _ _ _ _ _ _ _ _ doAutomobiles and parts doFurniture and household equipment do

Nondurable goods, total? doClothing and shoes _ _ _ _ doFood and beverages _ doGasoline and oil do

Services total 9 doHousehold operation _ doHousing___ _ _ doTransportation do

Gross private domestic investment, total..- do

Fixed investment.- _ _ doNonresidential do

Structures - doProducers' durable equipment do

Residential structures. _ _ do.Nonfarm do

Change in business inventories _ _ doNonfarm __ _ _ _ _ _ do

Net exports of goods and services doExports - . _ _ _ _ _ doImports do

Govt. purchases of goods and services, total doFederal do

National defense _ doState and local do

By major type of product:Final sales, total do

Goods, total _ doDurable goods. _ _ _ _ _ _ _ _ d oNondurable goods do

Services doStructures • _ _ do

Change in business inventories.. _ _ doDurable goods doNondurable goods do

GNP in constant (1958) dollars

Gross national product, total bil. $__

Personal consumption expenditures, total. _ _ .do

Durable goods. _ _ doNondurable goods. doServices do

Gross private domestic investment, total do

Fixed investment-. doNonresidential... _ doResidential structures _ do

Change in business inventories do

Net exports of goods and services.— do

Govt. purchases of goods and services, total .do-Federal doState and local do

r Revised. p Preliminary. 9 Includes data not

683.9

433.1

66.029 927.0

191.236.199.015 1

175 925 763.612 6

107.4

98 071 125 146 027.026 49 48.4

6.939 132 2

136.466 850 169.6

674 5337 2132.8204 4262 9

74 4

9.46 72.7

616.7

398.4

66 4178 9153 2

98.0

89 166 023 28.8

6 0

114.357 856.4

shown sc

743 3

465.9

70.329 829.9

207.540.3

106.716 2

188 127 067.113 6

118.0

104 680 227 952 324.423 813 413.7

5.143 037 9

154 377 060 577.2

729 9366 2144 7221 5287 276 5

13 49 93 5

652.6

418.0

71 3187 7159 1

105.6

93 072 820 212.6

4 4

124.564 759 9

,parately

785 0

491.7

72. 129 332 0

217.542 8

110 617 5

202 128 271 314 7

112 1

107 082 626 855 724 423 9

5 24 8

4.845 340 6

176 389 972 586 4

779 8390 8155 7235 1311 277 8

5 22 72 5

669.3

430.1

72 1193 0165 0

96.9

92 173 019 14.8

3 6

138.774 164 6

645 1

408.9

58.724 625.6

182.934.595.114 3

167 324 560.811 8

97.9

90 263 421 841 626.826 3

7 78.1

8.538 329 8

129.864 548 965.3

637 4317 9123 3194 7250 169 3

7.74 53 2

588.5

379.3

58 7173 5147 1

90.8

83 259 723 57.6

7 9

110.556 753 8

662 7

420.2

65 230 425 8

184.634 695 614 3

170 424 761 912 0

105 1

94 467 323 144 127 226 610 610 1

6.135 128 9

131 364 348 466 9

652 0325 9129 6196 3254 671 6

10 68 72 0

601. 5

389. 1

65 0174 7149 4

95.9

86 662 923 79.3

5 2

111.356 355 0

675 4

428.1

64.229 226.1

189.835.698.315 1

174 225 563 212 5

105 1

96 369 324 744 627 026 58 87 9

8.240 732 6

133 965 449 268 6

666 5332 8130 0202 9260 173 6

8 87 01 8

609.7

394.1

64 1178 0152 0

95.9

87 964 523 48.0

6 8

112.957 155 8

690 0

436.4

66.129 827.3

192.436 299.415 3

177 826 164 212 8

108 2

98 871 925 146 826 926 49 47 9

7.440 332 9

138 167 650 370 4

680 6340 2133 9206 3266 074 4

9 47 12 3

620.7

400.7

66 8179 3154 6

98.3

89 6

23 08.7

6 4

115.358 556 7

708 4

447.8

68.630 328 9

198.037 8

102.515 7

181 226 565 313 1

112 3

102 475 727 348 326 826 29 98 7

6.140 534 4

142 369 852 472 5

698 5349 9137 9212 0271 077' 6

9 95 04 9

634.4

409.9

69 5183 6156 8

101.6

92 469 722 69.2

5 6

117. 459 358 0

725 9

458.2

71 631 429 4

203.239 5

105 215 8

183 526 166 213 2

115 2

105 378 328 350 027 026 59 99 6

6.142 036 0

146 572 155 174 3

716 0359 6143 2216 4276 679*9

9 97 42 5

645.4

416.2

73 0185 8157 3

104.0

94 571 822 89.5

5 4

119. 961 258 7

736 7

461 6

68 228 529 1

207.139 8

107 016 2

186 326 966 513 5

118 5

104 578 727 551 225 825 314 014 4

5.442 537 1

151 274 958 476 2

722 6361 7141 6220 1933 577 4

14 09 74 3

649.3

415. 2

69 3187 7158 2

106.5

93 171 721 413. 4

4 8

122.763 459 4

748 8

470 1

70 929 830 6

209.541 0

107 316 3

189 827 467 413 7

116 4

104 981 228 253 123 723 211 412 0

4.643 739' o

157 779 563 078 1

737 4370 3145 8224 5291 675 5

11 49 91 5

654.8

420.4

71 9188 8159 8

103.6

93 073 619 410.6

4 1

126.666 460 1

762 1

473.8

70 629 630 6

210.340 8

107 216 6

192 927 768 514 0

122 2

103 782 827 755 120 920 418 519 0

4.344 039 7

161 781 565 680 2

743 6373 2148 3224 9296 973 5

18 512 85 7

661.1

420.4

71 1188 4160 9

108.4

91 274 217 017.2

3 2

129. 167 861.3

766 3

480 2

69 427 331 4

214.241 5

109 317 1

196 627 869 614 4

110 4

103 381 927 754 221 420 97 i7 3

5.345 339 9

170 487 170 283 3

759 2380 9150 5230 5303 175 2

7 13 43 7

660.7

424.2

69 7191 8162 6

96.9

90 273 017 36.7

4 1

135. 572 363 2

775 1

489.7

72 529 731 9

217.243 2

110 117 5

200 028* 170 614 6

105 1

104 681 526 355 223.122 5

5.6

5.345 139 8

175.089 572 585.4

774 6391 6156 0235 5307 875 2

.5— 6

1.1

664.7

430. 6

72.9193.6164.1

91.3

90 972.618.3

.4

4.1

138.774 464.3

791 2

495. 3

72.729 932 1

218.543 7

110. 917 5

204 128 171 914 8

112 2

108 482 826 656 225.625 03 83.4

5.445.640 2

178.290 973 387.4

787 4394 9157. 9237 0313 579 0

3.83 5.3

672.0

431.5

72 7192.8166.0

96.4

92 973.219.73.5

4.2

139.975 164.9

807.3

501.8

73.830 132.6

220.343.1

112.217 8

207 728 873.315 1

120 8

111 684 026 757 327.627 09.27.7

3.045.442 4

181.792 274.289.5

798 1396 0158.6237 4320 381.8

9.24 54.7

679.6

434.0

73. 0193.6167.4

103.0

94 473.321.08.7

i.(i140.774 766.0

S-l


S-2 SURVEY OF CUEKENT BUSINESS March 1968


1965 1966 | 1967

Annual total

1965

II III IV

1966

I II III IV

1967

I II III IV

1968

I II

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued

NATIONAL INCOME AND PRODUCT— Con.

Quarterly Data Seasonally Adjusted at Annual Rates

National income total bil $

Compensation of employees total do

\Vages and salaries total doPrivate doMilitary doGovernment civilian do

Supplements to wages and salaries do

Proprietors' income total 9 doBusiness and professional 9 doFarm do

Rental income of persons do

Corporate profits and inventory valuation adjust-ment total bil $

By broad industry groups:Financial institutions do

TV? , , . 4.^4. I f\ —"NT (\ TYI f>nd«? \-r\~c\ ~ trip rlnin hi j? uyub uustr es> — _ _ut» —

Transportation, communication, and publicutilities bil $

All other industries do

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

Dividends doUndistributed profits do

Net interest do

DISPOSITION OF PERSONAL INCOME

Quarterly Data Seasonally Adjusted at Annual Rates

Personal income total bil $ess. ê so t a c " y

Less' Personal outlays© do

NEW PLANT AND EQUIPMENTEXPENDITURES

Unadjusted quarterly or annual totals:All industries bil. $

Manufacturing doDurable goods industries^ _ _ __doNondurable goods industries^-- do__

Mining do_Railroad doTransportation, other than rail doPublic utilities do_Communication doCommercial and other _ do

Seas. adj. qtrly. totals at annual rates:All industries _ do

Manufacturing doDurable goods industries^ _ _ doNondurable goods industries! do

Mining _ doRailroad doTransportation, other than rail doPublic utilities doCommunication doCommercial and other do

U.S. BALANCE OF INTERNATIONALPAYMENTScf

Quarterly Data Are Seasonally Adjusted(Credits +; debits -)

Exports of goods and services (excl. transfers undermilitary grants) _ _ _ _ _ _ mil. $

Merchandise, adjusted, excl. military do _Military sales _ ___ doIncome on U.S. investments abroad do _Other services do

Imports of goods and services do _ _Merchandise, adjusted, excl. military do __Military expenditures _ _ doIncome on foreign investments in the U.S__doOther services do

Unilateral transfers, net (excl. military grants);transfers to foreigners ( ) mil $r Revise d. * Preliminary.1 Estimates for Jan.-Mar. 1968 based on anticipate2 Estimates for Apr. -June 1968 based on anticij

Anticipated expenditures for the year 1968 are as foliofacturing, total, 27.93; durable goods industries, 14.mining, 1.58; railroad, 1.27; transportation, 4.51; pubcommercial and other, 12.60. 3 Includes communi

9 Includes inventory valuation adjustment.

562.4

393.9

359.1289.812.157.134.9

56.741.914. 819.0

74.9

8.466.538.716.522. 2

11.216.6

76.631.445.219.825.4

-1.717.9

537. 865.6

472.2445.027.2

51.9622.4511.4011.05

1.301.732.816.944.94

11. 79

39,14726,244

8445, 8886,171

-32,203-21, 472-2, 921-1, 729-6, 081

-2, 824

d capita])ated caws (in b:39; nondlie utilitcation.

616.7

435.7

394.6316.714.763.241.1

59.343.216.119.4

82.2

9.372.943.118.724.4

11.918.0

83.834.549.321.527.8-1.620.2

584.075. 2

508.8479.0

29.8

60. 6326.9913.9913.00

1.471.983.448.415.62

12.74

43,03929, 168

8476,2456, 779

-37, 937-25, 510-3, 694-2,074

-6,659

-2, 925

expenditpital expel.$):Allirurable gcles, 10.88;

p 650. 3

469.7

423.8337.516.469.845.9

58.443.614.820.1

P79.7

P9.7P70.0P39.5P18.2P21.3

P12.0P18.5

p 80. 8P33.2P47.6

22.8'p 24. 8-1.222.4

626.481.7

544.7505.938.7

61.6626.6913.7013.00

1.421.533.889.885.91

12.34

p 45, 693p 30, 463

p 1, 272p 6, 785p 7, 173

p-40,893p-26, 980p-4, 319p-2, 277p-7, 317

p-3, 049

ires of bunditurestdustries,ods inducommuni

555.3

388.6

354.2286.211.756.334.5

56.741.715.018.9

73.4

8.465.037.716.021.6

10.916.5

75.630.944.619.425.2

-2.117.6

530.166.1

464.0439. 924.0

12.815.472.762.70

.33

.44

.771.711.242.85

50.3521.5510.80*10.70

1.301.552.706.854.80

11.60

10, 1806,880

1921,5621,546

-8, 139-5, 475-711-424

-1, 529

-775

siness.of busin65.23; mastries, IScation, 6

566.5

397.2

362.0292.112.157.835.2

57.242.015.219.1

74.9

8.466.538.616.522.1

11.216.7

75.831.144.820.224.6-.918.2

544.665.2

479.4448.530.9

13.415.732.912.82

.32

.44

.721.881.223.10

52.7523.0011.7511.25

1.251.703.006.755.05

11.95

10, 0806,811

2301,4741,565

-8, 233-5, 556-754-435

-1,488

-725

CSS.nu-.54;45;

582.8

408.4

372.4300.013.159.436.0

57.842.515.319.2

78.7

8.670.041.017.423.7

12.017.0

80.833.147.720.926.8

-2.218.8

556.166.7

489.4460.129.3

14.956.723.483.24

.35

.46

.732.041.413.25

55.3524.1512.4511.70

1.351.953.007.305.30

12.25

10, 1196,925

2121,3531,629

-8, 599-5, 772-785-469

-1, 573

-6600P

sume§PeUD

Mar.,cflV

issues

600.3

420.8

381.3306.913.660.739.5

60.042.817.119.2

81.1

8.972.242.718.324.3

11.717.8

83.734.549.221.427.8

-2.619.3

567.870.4

497.5470.926.6

12.775.612.872.74

.33

.40

.751.601.262.83

58.0025.6013.1512.45

1.401.753.308.255.35

12. 35

10,5117,203

2091,4691,630

-8,997-6, 025-861-475

-1,636

-851ersonal c^s, and prsonal saata for inJune, Se[ore comiof the Si

610.4

430.7

390.2313.814.262.240.5

59.343.316.019.3

81.3

9.072.242.518.524.0

12.017.8

83.634.549.221.627.6

-2.319.8

577. 374.1

503.3474.628.7

15.296.783.513.27

.40

.551.002.091.423.06

60.1026.8013.8512.95

1.552.003.508.305.50

12.45

10, 6187,181

2221,5351,680

-9,265-6, 225-911-471

-1, 658

-733>utlays c3rsonal tiving is e.dividualpt., and)lete detaJRVEY.

622.1

441.2

399.6320.115.164.341.6

59.243.315.919.4

81.9

9.572.442.718.823.9

11.817.9

84.034.649.421.627.8

-2.220.4

589.376.9

512.4483.229.2

15.576.843.543.30

.37

.48

.822.361.363.33

61. 2527.5514.3513.20

1.451.853.408.555.60

12.85

10, 9137,382

2061,5871,738

-9, 762-6, 580-953-565

-1,664

-709omprise•ansfer &£cess of ddurable

Dec. issuilsaregh

634.1

450.2

407.4326.115.865.642.7

58.643.415.119.6

84.6

9.675.044.419.225.3

12.018.6

83.934.649.321.228.2

.721.1

601.679.6

522.0487.434.6

17.007.754.073.68

.38

.55

.862.361.583.52

62.8027.7514.5013.25

1.452.353.508.505.95

13.30

10, 9977,402

2101,6541,731

-9,913-6, 680-969-563

-1, 701

-632personal,ymentsisposableand nones of theren in the

636.4

459.1

414.7331. 416.167.344.4

57.843.214.619.8

78.1

9.668.539.618.421.1

11.717.3

79.032.546.522.224.2-.821.6

612.980. 2

532.7493.938.8

13.596.103.083.02

.32

.41

.701.841.352.87

61.6527.8514.2013. 70

1.401.803.059.205.75

12.55

11,352r 7, 671

339r 1, 575' 1, 767

'-9,999-6, 662-1,045

-557'•-1,735

-728consum

to foreigrincome

durableSURVEY.quarterl

641.6

463.4

418.3333.216.268.945.2

57.843.414.320.0

78.3

9.568.838.917.821.1

11.918.0

78.932.546.523.123.4

n

22.1

619.179.1

540.0504.036.0

15.616.813.463.34

.34

.411.122.461.492.99

61.5027.0013.7513.25

1.301.553.909.705.80

12.25

r 11, 353r 7, 712

336'•1,545r 1, 760

'- 10,03-6,558-1,070

-547"-1,85

-852ption exlers.over persgoods in<

y review

653.4

472.6

426.2339.416.370.646.4

58.843.815.020.2

79.2

9.669.638.217.720.5

12.119.3

80.032.947.123.423.6-.822.7

631.082.8

548.2509.638.5

15.406.483.333.15

.37

.35

.982.661.463.09

60.9026.1513.5012.65

1.451.404.109.806.05

11.95

'•11,530'7,626

'237^1,842••1,825

'-10,12'-6,549'-1,094' -585'-1,894

'-849penditur

onal outlustries

3 in the IV

p 669. 6

483.6

435.9346.217.372.547.6

59.344.115.220.4

P83.0

plO.OP73.0

P85.4P35.1P50.3

22.4"27.8-2.323.3

642.584.7

557.9516.241.6

' 17. 05' 7. 30'3.82' 3. 48

'.39'.36

'1.07'2.92

1.62'3.39

' 62. 70' 26. 00' 13. 50' 12. 55

1.50'1.40

4.45' 10. 65

6.05' 12. 65

pll, 458p 7, 454

P360p 1,823p 1,821

p-10, 73p-7, 21p-1,11p-588p-1,83

p-620es, inter*

lays._ompone

lar.,Jun

' 1 14.26'6.143.17

'2.97

'.35'.33'.92

'2.25

' 3 4. 27

' 1 64. 80' 28. 00

14.60' 13. 40

'1.55' 1. 45'4.00

' 11. 25

'318.55

2 16. 317.083.663.41

.41

.301.112.78

34.62

264.3028.1014.5513.55

1.601.153.90

10.95

3 18. 60

jst paid by con-

nts appear in the

e, Sept., and Dec.


March 1968 SURVEY OF CURRENT BUSINESS S-3


1965 1966 1967

Annual total

1965

I II III IV

1966

I II III IV

1967

I II III IV

1968

I

GENERAL BUSINESS INDICATORS—Quarterly Series—Continued

U.S. BALANCE OF INTERNATIONALPAYMENTS §— Con.

Quarterly Data Are Seasonally Adjusted

Transactions in U.S. private assets, net; increase(-) mil. $

Transactions in U.S. Govt. assets, excl. officialreserve assets; increase ( — ) mil. $

Transactions in U.S. official reserve assets, net;increase ( — ) mil $

Transactions in foreign assets in the U.S., net (U.S.liabilities); increase (40 mil. $

Liquid assets. doOther assets do

Unrecorded transactions doBalance on liquidity basis— increase in U.S. official

reserve assets and decrease in liquid liabilities toall foreigners; decrease (— ) mil. $

Balance on official reserve transactions basis— in-crease in U.S. official reserve assets and decrease inliquid and certain nonliquid liabilities to foreignofficial agencies; decrease (— ) mil. $__


-3, 743

-1, 575

1,222

391113278

-415

-1, 335

-1,304

1966

-4, 213

-1,531

568

3,301789

2, 512-302

-1,357

225

1967

Annual

p-5,446

p-2, 362

p52

» 6, 600P 3,523P 3, 077p-595

p-3, 575

p-3, 398

-1,657

-396

842

286-24310

53

-818

-834

-389

-490

68

-342-267-75

-113

199

239

-885

-244

41

211416

-205-245

-457

207

-812

-445

271

236-12248

-110

-259

-916

-981

-365

424

492227265

-233

-651

-443

-1,135

-500

68

1,14554

1,091-198

-122

-175

-932

-328

82

45983

376. 277

-165

861

-1, 165

-338

-6

1,205425780

-148

-419

-18

••-984

-737

1,027

'364'-494

'858' -295

'-533

'•-1,817

'-1,113

-556

-419

r 2, 166'972

r 1, 194r -546

' -553

'-832

'-1,741

-473

-375

'1,821' 1, 013

'808'209

'-638

'456

1967

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.

p- 1,608

p-596

p-181

P 2, 249P 2, 032

P217p37

p-1, 851

p- 1,205

1968

Jan. Feb.p

GENERAL BUSINESS INDICATORS—Monthly Series

PERSONAL INCOME, BY SOURCE

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

Wage and salary disbursements, total do__ ._Commodity-producing industries, total.do____

Manufacturing doDistributive industries do

Service industries doGovernment do

Other labor income doProprietors' income:

Business and professional __ _ .. _doFarm. _ do

Rental income of persons doDividends doPersonal interest income doTransfer payments doLess personal contributions for social insurance

bil .$__

Total nonagricultural income do

FARM INCOME AND MARKETINGS

Cash receipts from farming, including Governmentpayments (48 States), total mil. $

Farm marketings and CCC loans total doCrops _ doLivestock and products, total 9 do

Dairy products. . doMeat animals doPoultry and eggs. do

Indexes of cash receipts from marketings and GCCloans, unadjusted:

All commodities 1957-59=100Crops doLivestock and products. do

Indexes of volume of farm marketings, unadjusted:All commodities 1957-59=100

Crops doLivestock and products do

INDUSTRIAL PRODUCTION tf

Federal Reserve Index of Quantity Output

Unadj., total index (incl. utilities) cf--1957-59=100__By industry groupings:

Manufacturing, total doDurable manufactures. doNondurable manufactures - do

Mining doUtilities do

By market groupings:Final products, total do

Consumer goods _ doAutomotive and home goods doApparel and staples do

Equipment, including defense do

Materials doDurable goods materials doNondurable materials do

584.0

394.6159.3128.193.9

63.577.920.8

43.216.1

19.421.542.443.9

17.9

563.1

46, 485

43 21918, 38424,8355,502

14, 8904,134

134134134

121121120

156.3

158.6164.8150.8120 5173.9

155.5147 5166. 5141 4172.6

157 0156.9157.2

626 4

423.8167.2134 4100 9

69.586 323 2

43.614 8

20.122 846 551 9

20.4

606.5

45 549

42 47118 31024 1615 757

14 4793 644

132133131

124124193

p 158. 0p 159. 6

p 163. 8P 154 4p 123 5p 184 4

p 158. 3pl48 4p 159. 0p 145 0p 179. 6

P 157 7p 152. 1p 163. 4

610.4

413.8166.2133. 798.4

66.482.722.1

43.315.0

19.721.845.049.7

20.0

590.2

'3 658

r 3 595' 1 542' 2 053

489' 1, 215

'313

'134' 134'133

'130' 141' 121

156.4

157.8164. 5149.4121 4

157.0145 9160.6141 3180.7

155 9152.2159.7

612 6

414.2165. 2132 798.6

66.983 422.2

43.214 6

19.822 345.251.1

20.0

593.0

' 2 978

' 2 765'936

' 1 829459

' 1, 077263

103'82

' 119

'95' 76' 109

156.6

158 4163.4152.1121 9

156.8145 8157.2142 1180.4

156 5151.5161.7

615.6

416.2165.6132.999.1

67.684.022.4

43.114.3

19.922.645.551.7

20.1

596.2

'3 165

' 2 927'942

' 1 985502

' 1 153'297

'109' 82' 129

' 100' 70' 122

157.0

158. 9164.4152.1120 1

157.2146 2160. 1141 8180.8

156 7151.9161.7

616.5

416.7165.0132.599.1

68.284.522.6

43.314.4

20.022.845.851.0

20.1

596.9

' 2 744

' 2 649'804

' 1 845493

' 1 040' 272

'99' 70120

' 89' 52117

157.9

160 3164.9154.4122 1

157.7147 1161.8142 5180.3

158 1152 5163.9

618.2

417.2164.3132 299.3

68.685 022.8

43.414.4

20.023 146.051.5

20.1

598.8

' 2 906

r 2 873' 814

'2 059r 527

' 1, 213' 284

' 107' 71

' 134

'96' 55' 125

156.0

158 1164.1150.6121 8

155.2144 2157.8139 8179.0

156 6152.5160.9

622 6

420.9165.2133 0100 4

69.585 723 1

43.614 3

20.123 346.151.6

20.3

603.2

' 3, 271

'3 248' 1, 273' 1, 975

497' 1, 165

'292

' 121' 111' 128 '•

'112' 99

' 121

159.0

161.0165.6155.3123 9

159.8150 5162.0146 8180.0

158 3154.3162.4

627 0

423.4166.1133 2101 3

69.686 423 3

43.714 7

20.223 546 452.2

20.4

607.2

' 3 601

r 3 495' 1 579' 1 916

474' 1 114

r 315

' 130r isg' 124

' 122' 132' 115

150. 5

150 5154.7145 1124 8

151 2139 9132.9142 2175 3

150 0145 0155.2

631 6

426.7168.0135 3101 8

70.186 923 6

43.815 0

20.223 546 952.4

20.6

611.4

r 4 499

r 3 676r i 547' 2 129

466' 1 308' 343

' 137' 135'138

' 128' 128' 128

157. 9

158 3158.9157.4129 0

156.9147 7137.4151 1176.4

158 9152 5165.4

634 4

428.5168.2135 4102 1

70.887 423 8

43.915.3

20.323 447.352.5

20.6

614. 0

r 4 822

' 3 933' 1 818' 2 115

r 455r 1 311

r 338

' 146' 159' 137

' 136148

' 128

161.1

162 6163.8161 2125 6

163 3155 7162.2153 7179 5

159 1152.0166.4

635 9

429.4167.9134 9102 6

71.187 824 0

44 015 1

20 323 247 652 -8

20.6

615.7

' 5 401

r 4 918r 2 601' 2 317

470r i 507

330

183T 227' 150

r 174' 215

144

161.5

163 7164. 4162 9124 7

162.2155 4170.0150 8176.8

160 8152.6169.3

642 4

435.3171.2137 5103.7

71.988 424.3

44.115 2

20.423 148.052.8

20.8

622.0

4 688

4 6262 5922 034

4541 271

299

172226132

168219129

161.2

163.5167.1

' 159. 0124.2

161.3' 152. 0

171.7' 145. 7' 181. 3

' 161 1' 153. 7' 168. 7

649 3

443. 1173.3139 2103 9

72.893 124 6

44.215 3

20.421 048 553.1

21.1

628.8

r 3 810

r 3 7661 8621 904

4781 104

297

140'162

124

135158119

' 160. 5

162.3' 169. 3' 153. 5

122 2

' 161. 0'150.3

174.7142 5

' 183. 9

' 160 0' 154. 3

165.9

' 650 9

' 442. 4'173.3' 139 6' 105. 1

'73.1'90.9

24.9

44.3' 15 3

20.522.948.9

'54.0

22.3

' 630. 3

' 159. 2

' 160. 3' 166. 1' 153. 0' 121. 3

' 159. 4' 149. 2

168. 5

' 181. 3

159.0' 151. 9

166.3

658 4

448.7177.0141.9106. 4

73.991.4

. 25.2

44.415.2

20.523.149.354.4

22.6

637. 8

161.6

162.9167.5157.0125.0

161.7152.1172

182.5

161. 9155170

r Revised. p Preliminary.§ See note marked " cf" on p. S-2.

cf Revisions for 1966 appear on p. 20 of the Nov. 1967 SURVEY.9 Includes data for items not shown separately.


S-4 SURVEY OF CUREENT BUSINESS March 1968


1966 1967 *

Annual

1967


1968

Jan. Feb. -p

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION^— Continued

Federal Reserve Index of Quantity Output— Con.

Seas, adj., total index (incl. utilities) tf- 1957-59 =100_By industry groupings:

Manufacturing, total do

Durable manufactures 9 - - -do- _Primary metals __ __ _ _ d o

Iron and steel - doNonferrous metals and products do

Fabricated metal products _ doStructural metal parts do

Machinery. __ _ doNonelectrical machinery doElectrical machinery. do

Transportation equipment 9 doMotor vehicles and parts do _ _Aircraft and other equipment do_

Instruments and related products doClay, glass, and stone products.. _ doLumber and products doFurniture and fixtures doMiscellaneous manufactures. do__

Nondurable manufactures doTextile mill products doApparel products doLeather and products doPaper and products do

Printing and publishing doNewspapers do

Chemicals and products doIndustrial chemicals do

Petroleum products do

Rubber and plastics products doFoods and beverages do

Food manufactures doBeverages do

Tobacco products do

Mining . _ _ _ . do_ _Coal doCrude oil and natural gas do

Crude oil doMetal mining doStone and earth minerals do

Utilities doElectric doGas do

By market groupings:Final products, totaled. _ _ do

Consumer goods do__ _Automotive and home goods do

Automotive products doAutos _ doAuto parts and allied products. _ _ do

Home goods 9 doAppliances, TV, and radios doFurniture and rugs do

Apparel and staples doApparel, incl. knit goods and shoes. _ doConsumer staples do

Processed foods do

Beverages and tobacco doDrugs, soap, and toiletries doNewspapers, magazines , books doConsumer fuel and lighting do

E quipment , including defense 9 doBusiness equipment _ _ do

Industrial equipment doCommercial equipment doFreight and passenger equipment.. doFarm equipment do

MaterialscT doDurable goods materials 9 _ _ d o _ _ _

Consumer durable doE quipment doConstruction _ . do

Nondurable materials 9 -doBusiness supplies. do

Containers doGeneral business supplies do

Business fuel and power 9 _ __ do _.Mineral fuels _ _ doNonresidential utilities do

r Revised. p Preliminary. cfSee correspond!

156.3

158.6

164.8142.7136.2166.2163.0158.8

183.8181.9186.4166.9168.7165.0

176.5140.7119.4171.9157.9

150.8142.5150.1111.7152.1

142.1134.2193.2221.0128.3

191.9128.7126.6139.9120.0

120.5117.0118.0119.3133.4133.5

173.9179.6156.1

155.5147.5166.5

163.0169.5154.4168.9166.6165. 7

141.4139.5142.0126.4

133. 2173.5136.5159.9

172.6181.2172.3190.1208.3167.5

157.0156.9166.5180.7141.7

157.2149.0145.6150.6

136.6122.5172.9

ng note o

158.0

159.6

163.8132.5126.8153.1162.0158.1

183.4183.4183.3166.0147.0182.2

184.8138.7116.5167.8157.4

154.4142.2147.7106.5153.6

146.8134.2203.8234.8133.9

190.3132.4130.1144.7120.0

123.5118.1123.2126.4119.9135.4

184.4191.7161.2

158.3148.4159.0

149.1145.7153.6166.0159.5159.6

145.0136.2147.5130.0

- 136. 4183. 0140.1168.3

179.6182.9170.3200.9215.4158. 7

157.7152.1144.6184.5140. 1

163.4152.2148.5154.1

144.0128.9183.2

a p. S-3.

158.2

160.1

165.5132.6124.9163.5166.7160.7

190.3190.7189.7162.6147.2176.0

186.2137.2113.7172.1160.3

153.4140.7150.2107.7152.5

145. 5133.7200. 3231.6128.7

195.1132.0130.4140.8118.5

123.2120.7119.7121.0140.3138.7

180.6187.2

158.1148.0159.3

147.0141.3154.4168.0160.5163.4

144.4139.9145.7130.4

133.3179.2141.5162.9

179.9186.9177.3196.7214.5176.1

157.9154. 2148.6190.6138. 9

161.6152.6146.6155.6

340.4125.0180.0

156.6

158.5

162.9131.9124.8167.2165.0160.9

186.8187.3186.2157.5136.5175.6

183.4136.9115.2170.6157.1

152.9138.9147.1103.7152.4

146.1134.8200.6230.9127.4

191.6132.4130.3143.9120.2

122.4115.7119.6120.0142.1136.6

180.5186.9

157.0146.1152.4

135.7120.5155.7164.1156.9158.5

144.1137.1146.1130.2

135.9180.5142.3162.7

180.3186.6176.8199.8215.0162.6

155.8151.3142.8186.5139.2

160.4151.0147.1153.0

139.6123.6180.2

156.4

158.2

162.6129.2123.7162.1162.9160.1

184.5185.2183.6162.6143.8178.8

185.8134.9117.3166.5158.2

152.6138.8143.6101.0152.4

147.4132.8201.1231.3130.1

188.4132.3129.7146.1116.2

121.5115.1118.1120.1143.7137.2

181.9188.8

157.1146.6155.2

144.6136.5155.3162.7152.9157.4

143.9135.5146.3129.6

136.0181.2142.3164.2

179.6184.4174.1199.1211.7162.8

155.5151.5139.5185.6139.7

159.7150.0144.6152.7

139.8123.2181.9

156.5

158.2

162.5129.1122.7161.4161.0158.1

182.1183.5180.3165.7149.5179.8

185.2136.0119.1166.5159.2

152.8137.8142.5107.1152.1

148.3133.8200.1228.3133.1

186.9133.1130.6146.3116.0

122.0125.5117.1119.6149.5130.6

182.7189.9

157.3147.1155.8

151.3149.6153.6158.9144.2157.9

144.4135.0147.1129.6

136.1182.4143.6166.6

179.2183.5172.1201.7210.4161.5

156.0151.0137.5183.2139.2

161.1153.4148.5155. 8

141.3125.3182.1

9li

155.6

157.2

162.2128.9122.9154.4160.8156.4

180.5181.7178.9167.5152.0181.4

185.3134.8115.6166.5158.1

151.1137.8142.6105.0151.4

147.4133.1199.6228.8132.1

165.7132.0130.3141.2117.4

120.2120.1117.5119.6132.9129.2

182.7189.7

156.3146.0153.3

145.8149.9140.5158.5143.8157.2

143.7131.9147.0130.3

133.2182.3142.5166.9

178.5182.1169.1200.8211.7167.6

154.6149.7143.7180.9137.1

159.6150.1146.2152.0

140.3124.3181.0

icludes d

155.6

157.0

161.5129.0121.2156.4160.8156.9

177.5181.3172.4169.3154.5181.8

184.1133.5114.9166.3156.7

151.4136.6142.4105.4151. 6

147.8134.3199.9227.5134.4

166.9131. 9129.9142.9123.9

123.8122.5121.6123. 6133.9133.3

183.2190.3

156.8146.9154.3

151.2156.0144.8156.6138.6157.3

144.6133.2147.8130.2

136.5182.7141.4169.3

178.1181.3169.0200.5208.9162.8

154.9148.9143.3179.6137.2

161.1151.3145.1154.4

143.0128.2181.1

ata for it

156.6

157.6

162.5129. 6122.3155.3159.8156.1

180.0182.2177.1170.8156.7182.6

182.9134.1115.5162.7155.4

151.5136.8144.2103.0149.0

148.3136.1201.0227.6132.8

170.1131.5129.4142.8123.6

128.0122.6129.1133.9119.7133.7

184.1191.4

157.1147.1156.4

155.2160.7148.0157.3143.3156.3

144.1132.8147.3129.0

136.3184.0142. 1168.3

178.4180.8169.0201.1210.2148.6

156. 1149.7141.8181.2138.1

162.6150.9141.7155.5

147.7135.1182.1

ems not

158.1

159.4

163.6129.3124.3144.2159.1156.8

182.8182.6183.2171.9158.0183.6

183.2136.9109.2164.8154.9

154.0138. 7146.4106.5152.8

148.6137.0200.7231.4133.2

203.1131.7129.0146.3121.4

127.8117.2131.2138.0105.7136.6

184.8192.1

158.2148.6162.5

161.1163.7157.8163.4155.0156.9

144.2134.8146.9129.8

137.9178.0140.9168.8

178.9180.6166.8201.9214.1154.3

157. 9151.8142.7186.3139.0

164.2151.7143.0156.0

149.1137.1182.5

shown se

156.8

158. 1

161. 1129.2125.6141.1158.1156.0

182.2182.1182.4159. 2129.4184.3

183.1138.4114.3166.3156.4

154.2141.3146.8108.4152.9

145.4135.7202.3234.2137.0

202.4131.2128.9143.8120.2

124.3115.5127.5133.195.6

136.5

184.8192.1

157.0147.0155.0

142.1133.4153.6164.1155.9157.8

144.4135.7146.9129.7

135.8179.8136.2170.5

178. 6179. 8166.6200.3210.4158.5

156.7148.5134.9184.7140.0

165.2153.1150.4154.5

147.3133.4183.8

parately

156. 9

158.3

160. 7131.7127.7142.8158.2156.4

179.6177. 2182.8159.2128.6185. 2

183.2139.7117.0166.6155.0

155.2144.9146.2109.7154.5

144.3134.0205.5238.8137.6

199. 1132.2129.3147.5118.0

122.4112.3126.1130.393.8

132.9

187.6195.8

156.9147.9157. 7

145.2135.3158. 2166. 4162.9159.7

144.8136.0147.3129.5

137.6181.6134.8171.2

176.1176.9162.3199.0209.9157.5

157.4149.0133. 3184.1139.3

166.0152.5153.7151.9

146.9131.0187.9

159.5

' 161. 1

' 164. 1r 135. 0

133.3^ 142. 2'159.8

158.8

r 183. 2' 180. 9

186.3165.6141.4186.0

185.4139.2120.6167.8155.1

' 157. 2147.4

r 148. 6' 113. 3

156.1

145.5134.4

' 208. 0242.3

r 136. 8

* 207. 5'133.5' 130. 2'151.2

115.5

123.6115.3126.4

' 128. 793.2

139. 0

' 190. 5' 199. 4

160.0'150.1

163.2

152.4144.5162.9

' 170. 8168.4163.4

' 145. 9' 137. 4' 148. 4

129.5

' 139. 2' 183. 1

135.7' 174. 1

' 181. 1' 183. 5' 170. 4

200.9222.9

' 147. 2

' 159. 5'152.3

143.8186. 0

' 140. 9

' 166. 9' 153. 2

152.6' 153. 5

' 146. 9130.3

' 188. 5

' 162. 0

' 163. 9

' 168. 1' 140. 7

140.6' 145. 2' 162. 5' 160. 0

' 182. 2179.5

' 185. 8' 177. 5' 166. 9' 186. 3

' 186. 3' 143. 6' 125. 7' 170. 7' 155. 7

' 158. 7' 152. 0

150.7115.0

' 157. 0

' 144. 1129.9

' 210. 6247.0

' 138. 3

210.0134.2

' 130. 6153.3120.5

123.1116.1124. 6128.0'95.7

' 142. 7

' 191. 8200.8

' 161. 9' 152. 8

169.0

' 170. 0175.1

' 163. 3' 168. 4' 158. 7' 166. 5

147.6138.9' 150. 1'130.5

142.2' 184. 3' 138. 5

176.7

' 181. 5' 183. 4' 168. 9' 204. 7

228.4131.2

' 161. 8' 155. 6' 159. 4'184.9' 144. 0

' 168. 1153.4

' 152. 2' 154. 0

' 146. 4129.8188.3

161.2

163.0

' 167. 2' 137. 6' 136. 2

145.2' 163. 6

159.4

183.3' 181. 2' 186. 0' 175. 7' 162. 3

187.0

' 186. 6140.6114.4

' 170. 9159.0

' 157. 7148.3

' 142. 8129.9211.9

137.8

133.2130.3

' 122. 6' 110. 8' 125. 8

130.397.6

135.3

' 192. 0

' 161. 0'151.3

167.0

164.1163.2165.2169. 0161.0166.4

' 148. 7129.2

184.5137.4

' 181. 7183.7168.0204.0227.4

' 161. 6' 155. 1

161.3184.1142.6

168.2154.0152.6154.7

147.2130.4

161.3

162.8

166.8137138

165165

183180186176160190

185134

172160

157.8

144

125.1114127132

194.0

161.6151. 9167

162158

150

182.4184

161.0154

168

149132


March 1968 SURVEY


1966 1967

Annual

OF CURRENT BUSINESS s-5

1967


1968

Jan. Feb.


BUSINESS SALES AND INVENTORIES §

Mfg and trade sales (seas adj. )> totaled mil $

Manufacturing, totalc? .. — _ - - doDurable goods industries doNondurable goods industriescf do

Retail trade total doDurable goods stores doNondurable goods stores do

Merchant wholesalers, total doDurable goods establishments doNondurable goods establishments do

Mfg. and trade inventories, book value, end of yearor month (seas, adj.) , total d"1 mil. $

Manufacturing, totalcf doDurable goods industries doNondurable goods industriescf do

Retail trade total doDurable goods stores doNondurable goods stores do

Merchant wholesalers, total doDurable goods establishments doNondurable goods establishments do

Inventory-sales ratios:Manufacturing and trade totalcf ratio

Manufacturing, totaled doDurable goods industries do

Materials and supplies doWork in process doFinished goods do

Nondurable goods industries cf doMaterials and supplies doWork in process doFinished goods do

Retail trade, total doDurable goods stores doNondurable goods stores do

Merchant wholesalers total doDurable goods establishments doNondurable goods establishments do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Manufacturers' export sales:Durable goods industries (unadj ) total mil $

Shipments (not seas adj ) totaled do

Durable goods industries, total 9 doStone clay and glass products doPrimary metals do

Blast furnaces steel mills doFabricated metal products do

Machinery, except electrical doElectrical machinery doTransportation equipment do

Motor vehicles and parts doInstruments and related products do

Nondurable goods industries totaled 9 doFood and kindred products doTobacco products doTextile mill products cf doPaper and allied products doChemicals and allied products doPetroleum and coal products doRubber and plastics products do

Shipments (seas, adj.), totaled doBy industry group:

Durable goods industries, total 9 doStone, clay, and glass products. _ doPrimary metals __ do

Blast furnaces, steel mills. . doFabricated metal products .do

Machinery, except electrical doElectrical machinery doTransportation equipment do

Motor vehicles and parts.. doInstruments and related products do

Nondurable goods industries, total d" 9 --doFood and kindred products. doTobacco products _ doTextile mill products cf doPaper and allied products. _ doChemicals and allied products doPetroleum and coal products. doRubber and plastics products do

11,035,052

!527,629276, 069251,560

1 303, 67297, 812

205, 860

1203,75191, 026

112, 724

135, 233

77, 58150, 03727, 544

36, 96116, 53620 425

20, 69112, 1128,579

1.48

1.641.98.598752

1 2750

.1958

1.421 971 16

1 141 49

85

11 437

527 629

276, 06911 92945 65123 70726 024

40 20439 85273 46046 4709 806

251 56087 761

5 10419 58821 77038 67620 51712 752

11,057,637

1538,946277, 474261, 472

i 313,50399, 669

213 834

i 205,18890, 447

114, 740

140, 742

82, 42553, 93028, 495

36, 68215, 97720 705

21 63512 5439 092

1 56

1 792 25

641 03

59

1 30492061

1 391 921 15

1 221 61

91

12 850

538 946

277 47411 81742 60722 23725 725

43 11940 90973 02042 22410 673

261 47292 3925 102

19 20522 49242 06921 30413 290

87 182

44, 25623 06021 196

25 6878 200

17 487

17 2397 5019 738

136 304

78 60050 62027 980

36 92416 49120 43320 78012 1408 640

1 56

1 782 20

659857

1 32502061

1 442 011 17

1 211 62

on

QAQ

41 455

21 395' 835

3 6321 8891 918

3 1693 1495 8223 713

740

90 0607' 085

3841 4161 7873 1481 7041 009

44 256

23 0601 0613 7581 9202 135

3 4923 4635 8813 568

834

21 1967 381

4241 5471 8803 2971 6881 079

86 138

43, 77122 62221 149

25 4707,955

17 515

16, 8977 4889,409

136 491

79 10551 07928 02636 64416 31520 39920 74212 0968 646

1 58

1 812 26

661 O9

59

1 33502069

1 442 051 16

1 231*62

92

1 016

44 598

23 062864

3 7481 8762 121

3 6263 4196 0863 653

806

9j 5357 490

3981 5151 8913 3421 7451 086

43 771

22 6221 0133 6181 8022 214

3 4853 3365 6863 385

805

21 1497 370

4201 5131 8563 3251 7221 075

87, 255

44, 66323, 13721, 526

25, 7398,150

17 589

16, 8537 3509,503

136,815

79 43051 21628 21436 52616 14220 384

20 85912 1058 754

1 57

1 782 21

641 00

58

1 31492062

1 421 981 16

1 241 65

92

1 201

45 854

23 946928

3 7321 9232 187

3 7523*5006 5053 888

85191 908

7 571408

1 5731 9283 4571 7391 138

44 663

23 1371 0203 5171 7872 272

3 4893 4356 0613 529

845

21 5267 562

4281 5231 8783 3781 7891 106

86, 656

43, 76622, 26921, 497

25,9188,104

17 814

16, 9727 2929 680

137 080

80 05961* 59328 46636 23616* 03320 20320 78512 1628 693

1 58

1 832 32

661 05

60

1 32502062

1 401 Q»

1 13

1 221 67

on

I neo

AZ. Ofi"*

23 342qcn

3 6811 QQO

2 H6

3 700

3 1776 4013 915

82991 791

7* 46649C

1 5501 con3 6481 7CQ

1 133

43 766

22 269927

3 4391 7422 080

3 4533 2225 9123 557

836

21 4977 549

4381 5491 8083 3881 7921 087

87, 358

44, 69222, 90021, 792

25,8973, 187

17, 710

16, 7697,2469,523

137,191

80 34151 78428 557

36 26315 90490 359

20 58711 9898 598

1 57

1 802 26

641 03

59

1 31502062

1 401 941 15

1 231 65

90

1 123

44 918

23 528998

3 6131 8772 igs

3 6473*1966 6094 085

865

21 3907' 629

4111 5481 8463 5031 7461 136

44 699

22 900914

3 4341 7912 092

3 4553 3236 3803 875

876

21 7927 728

4001 5771 8513 3311 7971 124

88, 368

44, 70723, 05221, 655

26, 5448,546

17, 998

17, 1177,4959,622

136,805

80 11951 80928 31036, 08715, 66120 426

20 59911,9818 618

1 55

1 792 25

631 03

59

1 31502061

1 361 831 13

1 201 60

90

1 098

46 786

24 7781 0513 7171 8859 276

3 8693 5316 8914 178

929

29 0087 §11

4711 6471 8913 5641 8"1 164

44 70793 052

9233 469

1 7559 093

3 5173 qro

6 4653' 896

878

91 0557 634

4411 ^791 8033 439

1 8111 085

88 759

45, 17023 19221, 978

26 4448,592

17 852

17, 1457 5039 642

137,111

80 60352 34628 25735 99715 54920 448

20 51112,0388 473

1 54

1 789 26

631 04

59

1 99492060

1 361 811 15

1 201 60

88

935

40 985

20 580943

3 1051 6211 939

3 27°3 0285 1682 782

839

20 4057* 352

4471 3441 7033 2831 8111 010

45 170

23 192897

3 5811 9052 068

3 5873 A(\Q

a 179

3 561'933

21 9787 611

4311 ^Qfl

1 8793 6161*8381 126

89, 067

45, 44723, 63321,814

26, 4228,508

17,914

17, 1987,5629,636

137,850

81, 03352, 78428 249

36 02815 50320 525

20, 78912, 0998 690

1 55

1.782 23.62

1 0259

1 29492060

1.361 821 15

1 211 60

90

982

44 174

22, 0891 0833 4011 8142 222

3 4363*3575 0232 463

926

°2 0857 634

4541 6471 9183 5811 7891 112

45 447

23 633959

3 5191 8392 092

3 6723 4236 5773 900

965

21 8147 695

4321 5921 8703 6381 7621 136

88, 633

44, 57122, 94921, 622

26, 7328,743

17, 989

17, 3307,6849,646

137,794

80, 84152, 57228, 269

36, 14315,71120 432

20, 81012,0698,741

1.55

1.812.29.64

1 05.60

1 31.50.20.61

1.351 801.14

1 201.57

91

1 035

46 456

23, 5651 1063 4491 8052 230

3 6713 6685,7463 080

998

29 8918 144

4311 7521 9223 7951 7961 126

44 571

22 9491, 0103 4191 7802 094

3 6903 4125 9093*252

932

21 6227 690

4211 6371 8393 5781 7801 088

' 87,517

' 44,23322, 311

' 21,922

26, 0898,235

17,854

17, 1957,7189,477

138,268

81, 10652, 91828, 18836,21715, 68120, 536

20, 94512, 2028,743

'1.58

' 1.832.37.66

1.09.62

' 1.29.48

' .21'.60

1.391.901.15

1.221.58.92

998

r46 067

23, 0191 0673,4851 8702 227

3 5373 5905 5092 966

967

r 23 048r 8 161

4151 8241 9453 7621 7911 In5

r44 233

22 311966

3 4751 8852 094

3 6313 3945 3662 744

938

r 21 922T 7 809

4151 P&.x\

1 8763 6661 7761 110

' 89,938

' 46,10823,487

r 22,621

26,4118,221

18, 190

17,4197,8439,576

139,331

81,79653,50628, 29036, 47415, 72820, 74621,06112,258

8,803

r 1.55

' 1.772.28.63

1 05.60

r 1 25r 47

.20r 58

1 381 911 14

1 211 56

99

1 109

'46 302

23 5751 0063 5381 9112 142

3 5323 6416 2043 488

955

T 22 727r 8* 112

40-1

1 7551 9313*6221 °.9Q

1 120

'46 108

23 4871 0283 6201 9922 180

3 737q AM

5 9293* 184

929r22 621r 8 090

414i RQO.1 9493 7731*8351 149

' 92,453

* 48,342' 25,290' 23,052

' 26,470' 8,327

' 18,143

' 17,641' 7,980' 9,661

' 140,742

r 82,425' 53,930' 28,49536, 68215, 97720, 705

r 21,635' 12,543

r 9,092

1.52

r 1.712.13.59.99.56

'1.24' .45.20.58

1.391.921.15

'1.23'1.57' .94

' 1,337

' 46, 288

' 24, 595'977

' 3, 506' 1 874' 2, 179

'3 875' 3, 653' 7, 056' 4 013

'975

'21 693' 7 937

' 427' 1 634' 1 891' 3 364' 1 773' 1 061

'48 342

'25 290' 1, 187'3 826' 2, 097' 2,351

'3 996r 3 595' 6 772' 3 855

'904

23, 052'8 295

'437' 1 734' 2, 021r 3 797' 1 740' 1 134

92, 848

48, 05825, 21922,839

27, 0398,511

18, 528

17, 7517,9289,823

141, 612

82, 85854,04128, 817

37, 13016,23820, 89221, 62412, 5009,124

1.53

1.722.14.59

1.00.55

1.26.46.20.60

1.371.911.13

1.221.58

93

1 129

44, 909

23, 330919

3,5961 9722,200

3 5393,2586,5233 897

933

21 5797 689

3851,5581 8823,6601 7131,075

48, 058

25 2191,1603, 7182,0042,463

3, 9023 5846 6423,7741,052

22, 8398,029

4251 7121,9813,8431,7001,150

' Revised. i Based on data not seasonally adjusted. 2 Advance estimate. §Theterm "business" here includes only manufacturing and trade; business inventories as shownon p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted data formanufacturing are shown below and on p. S-6; those for retail trade on pp. S-ll and S-12

d1 Revised to incorporate new data for the textile mill products series which, in addition to

being reviewed and corrected, reflects revisions resulting from benchmarking the series to the1966 Annual Survey of Manufactures and the computation of new seasonal factors. Reviseddata back to 1962 for all industry groups, as well as higher level industry totals, reflectingbenchmarking to the latest data available will be shown later. 9 Includes data for itemsnot shown separately.


S-6 SURVEY OF CURRENT BUSINESS March 1968


1966 | 1967

Annual

1967


1968

Jan. Feb.


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS— Continued

Shipments (seas, adj.)— ContinuedBy market category:

Home goods and apparel cf mil $Consumer staples _ doEquipment and defense prod., excl. auto.doAutomotive equipment doConstruction materials and supplies doOther materials and sup plies cf do

Supplementary market categories:Consumer durables doDefense products doMachinery and equipment — do

Inventories, end of year or month:Book value (unadjusted) total o'1 do

Durable goods industries, total doNondurable goods industries, total cf do

Book value (seasonally adjusted) total rf doBy industry group:

Durable goods industries, total? doStone clay and glass products doPrimary metals do

Blast furnaces steel mills doFabricated metal products do

Machinery except electrical doElectrical machinery doTransportation equipment do

Tvlotor vehicles and parts doInstruments and related products _ _ do

By stage of fabrication:Materials and supplies 9 do

Primary metals doMachinery (elec. and nonelec. ) _ _ _ d oTransportation equipment do

Work in process 9 doPrimary metals doMachinery (elec and nonelec ) doTransportation equipment do

Finished goods 9 doPrimary metals doMachinery (elec. and nonelec.) _. -doTransportation equipment do

Nondurable goods industries, total 9 cfdoFood and kindred products doTobacco products doTextile mill productscf doPaper and allied products doChemicals and allied products doPetroleum and coal products doRubber and plastics products do

By stage of fabrication:Materials and suppliescf doWork in processed doFinished goodscf do

By market category:Home goods and appareld" doConsumer staples doEquip, and defense prod., excl. auto doAutomotive equipment doConstruction materials and supplies doOther materials and suppliescf do

Supplementary market categories:Consumer durables doDefense products doMachinery and equipment do

New orders, net (not seas adj ) total cf doDurable goods industries, total doNondurable goods industries total cf do

New orders, net (seas, adj.), totalcf doBy industry group:

Durable goods industries total 9 doPrimary metals do

Blast furnaces, steel mills doFabricated metal products doMachinery, except electrical doElectrical machinery doTransportation equipment do

Aircraft, missiles, and parts do

Nondurable goods industries totalcf doIndustries with unfilled orders 0o" doIndustries without unfilled orders! do

By market category:Home goods and apparel cf doConsumer staples. doEquip, and defense prod excl auto doAutomotive equipment doConstruction materials and supplies doOther materials and suppliescf do

Supplementary market categories:Consumer durables doDefense products doMachinery and equipment do

149,716H10,451i 67, 889i 52, 045i 38, 947

1 208, 551

121,212i 33, 240i 53, 220

77, 10849, 43227, 676

77, 581

50, 0371, 7467,1094,0435,314

9,9127.653

11,3693,5382,214

14, 8022, 6034,8772,477

22, 2632 4777,8537,512

12, 9722 0294,8651, 380

27, 5446,3942 3433,0172,2715,0391,8691,402

10, 5014,306

12, 737

8,24110,47618, 1664,3586,537

29, 803

4,1898,732

12, 592

541, 276289, 836251, 440

i 541,276

289, 83646, 87924, 28526, 74342, 67742, 26979, 86127, 503

251, 44068, 560

182, 880

i 49, 8211110,454i 75, 275i 52, 058i 39, 413

1 214, 255

i 21, 318i 40, 469i 56. 770

49, 388116, 30373,20747, 80437, 971

214, 273

21,97938, 41956,139

81,89853, 26228, 636

82, 425

53,9301,7897,5194,3185,368

10, 4957,869

13, 5103,6532,395

14,9092,6084,7352,585

25, 0992,7388,2179,447

13,9222,1735,4121,478

28, 4956,5612,3923,1692,2725, 4511,9801,409

10,4444,606

13, 445

8,38410, 91020, 9394,4376,504

31,251

4, 36810, 78113, 368

541, 997280, 530261, 467

1541,997

280, 53042, 21622, 40326, 54242, 94441, 20875, 55728,936

261, 46769, 276

192, 191

i 49, 1601 116, 306i 75, 520i 47, 308138,812

1214,891

i 21, 799i 42, 103i 55. 693

4,1619,3445, 7184,0523,264

17, 717

1,8102,8764,615

78, 59150, 43328, 158

78, 600

50, 6201,7727,1404,0885,272

10, 0297,799

11,7173, 6082,211

14,8802,6404,9372,499

22, 6432,4557,9117,352

13, 0972,0454,9801, 366

27, 9806,5932,3363,0392,2655,1451,9301,444

10, 6284,320

13, 032

8,39510, 69818, 4954,4246,493

30, 095

4,3118,990

12,719

41, 60921, 56220, 047

43, 205

22, 0723,3151,4952,0493,3913,5525, 577

1,833

21, 1335,731

15, 402

4,1679,3445,1923,8513,177

17, 474

1,8262,846

. 4. 545

4,1169,3465, 7033,8443, 253

17, 509

1,7772,8974,562

79, 52351,27428, 249

79, 105

51,0791,7877,1744,1375, 295

10,1177,857

11,9213,6402,222

14, 8562,6384,9102,519

22, 9672,4897,9498,028

13, 2562,0475,1151,374

28, 0266,5942,3763,0602,2725,1751,9251,427

10, 5654,317

13, 144

8,41110, 73018, 7504,4506,512

30, 252

4,3289,193

12, 801

44, 59523, 11721, 478

43, 390

22, 3293,4271,8052,2243,2663,3625, 7992,291

21,0615,613

15, 448

4,0449,3485,7563,6103,307

17, 325

1,6983,3304 949

4,2159,5326,0004,0043, 297

17, 615

1,8633,1354,630

79, 86651, 58028, 286

79, 430

51,2161,7947,2134,1285,273

10, 1527,825

12, 0043,5332.251

14, 7482,6424,8592,425

23, 1402,4707,9818,220

13, 3282,1015,1371,359

28, 2146,6692,3893,0782,2865,2031,9151,446

10, 6494,318

13, 247

8,39010, 86119, 0094,3436,491

30, 336

4,2869,405

12, 830

45, 04423, 20421, 840

43, 516

22, 0653,0131,4342,2473,3513,2735,9112,207

21,4515,640

15,811

4,1119,5295,7603,8303,293

16, 993

1,7483,2354 315

4,0449,5555,8164,0053,039

17, 307

1,7192,9884, 524

80, 51852, 10728, 411

80, 059

51,5931,8197,3384,2045,269

10, 1737,783

12, 1643,4542,290

14, 7212,7054,7812,363

23,4232,5107,9878,43913,4492,1235,1881,362

28, 4666,7562,3833,1012,3005,2901,9501,453

10, 7474,302

13, 417

8,37310,97719,3034,2636,541

30, 602

4,2539,615

12,873

44, 90623,15721, 749

43, 689

22,2263,2361,7012,1363,4293,1966,1402,228

21, 4635,680

15,783

4,0289,5555,6853,9623,099

17, 360

1,7123,2734 443

4,1839,6845,9254,3243,023

17, 553

1,7633,1624,538

80, 96552, 55828, 407

80, 341

51, 7841,8427,4514,2435,229

10, 2347,755

12, 1843,3982,303

14, 5762,7064,7192,343

23, 5922,6078,0148,442

13, 6162,1385,2561,399

28, 5576,7372,3773,1012,3055,4121,9601,428

10, 8084,341

13, 408

8,35210, 99419, 4814,1716,504

30, 839

4,2769,744

12,903

44, 98723, 60021, 387

45, 546

23,8573,6062,0202,1063,4973,2507,2092,763

21, 6895, 756

15,933

4,1059,6856,5604,5032,991

17, 702

1,7283,8654 607

4,1569,6086, 0264,3603,006

17, 551

1,7963, 1454,644

80, 60852, 34628, 262

80, 119

51, 8091,8477,4784,2425, 162

10, 2757,682

12, 2363,3022,301

14, 4852,6934, 6642,331

23, 7042,6468,0658,488

13, 6202,1395,2281, 417

28, 3106,6342,3803,1082,3105,3811,9181,415

10, 7834,385

13, 142

8,18210, 92219, 6464,0606,491

30, 818

4,2329,839

13, 016

47, 78625, 83021, 956

45, 881

24, 2633,5911,8862, 1083,5903,4557,3273,067

21, 6185,667

15, 951

4,1639,6147, 0474,3332,976

17, 748

1,8294, 2014 7Q4

4,1239,6596,1633,9992,979

18, 247

1,8553,2184,776

80, 32852, 19428, 134

80, 603

52, 3461,8357,4954,2575,142

10, 3137,730

12, 7063, 5682,313

14, 5362,6684,7282,382

24, 1392,7048,0568,922

13, 6712,1235,2591,402

28, 2576,6622,3733,0962,3105,3831,9351,402

10, 6674,340

13, 250

8,11410, 94619, 8924,2976,433

30, 921

4,22810, 09413,037

42, 20621, 75420, 452

45, 786

23, 7153,6461,9941,9793,5643,5796,6972,469

22, 0716,007

16, 064

4,1019,6636,2304,0772,951

18, 764

1, 8143,6414 853

4,0029,7086,2234,3813, 150

17, 983

1,8263,2844,775

80, 71352, 63128, 082

81, 033

52,7841,8137,4824,2655,179

10, 3627,765

13, 0823,7812,316

14, 6682,6264,7252,591

24, 2152,7138,0838,997

13, 9012,1435,3191,494

28, 2496,5122,3663,1332,3075,4001,9231,398

10, 7224,386

13, 141

8,26810, 75520, 0414,5236,368

31, 078

4,26910, 21813,103

44, 38022, 26822, 112

45, 621

23, 7263,4701,7942,2543,9453,6405,9501,705

21, 8955,873

16, 022

4,0579,7136,2304,2883,305

18,028

1,8592,8415 OKS

4,0009,6306,2583,7093,187

17, 787

1,8333,3124,768

80, 36352, 28728, 076

80, 841

52, 5721,7697,4404,2485,230

10, 4517,749

12, 8243,5282,328

14, 5972,5794,7082,512

24, 1432, 6808,1178,894

13, 8322,1815,3751,418

28, 2696,3912,3483,1602,3005,4331,9201,389

10, 7114,413

13, 145

8,34310, 64720, 2184,2516, 315

31, 067

4,25110,21313, 197

46, 80423,88822, 916

45, 128

23, 4163,6121,9712,0093,6793,5546,0192,362

21, 7125,820

15, 892

4,0079,6306,3743,7123,111

18, 294

1,8103,7124 fifi*

3,996' 9, 775

6,1753,2093,122

17, 956

1,8553,2784,643

80, 66252, 54128, 121

81, 106

52,9181,7927,4644,2735,268

10,4257,830

12, 9413,5682,357

14, 7182,5394,7482,552

24, 3702,7238,1628,957

13,8302,2025,3451,432

28, 1886,4252,3383,1282,2795,4071,9251,398

10, 5734,520

13, 095

8,39710, 68320, 3564,3006,369

31, 001

4,34810, 31913, 182

'46,70523, 660

'23,045

'45,296

23, 3813,4671,9052,2463,5883,4736,2413,023

'21,9155,848

'16,067

4,032' 9, 765

7,2493,2313,249

17, 770

1,9064,0934 fi14

4,135'10,143

6,3963,6703,275

18,489

1,8933,4504,762

81,23252,92528,307

81,796

53, 5061,7857,4764,2825,326

10, 5407,880

13,2323,6752,359

14, 806' 2, 560

4, 7802,578

24, 7212,7158,1849,223

13,9792,2015,4561,431

28,2906,4892,3263, 1232,2855,4541,9301,419

10,5434,572

13,175

8,39910,74920,653

4,4366,430

31,129

4,39610,47613,354

'45,87523,096

'22,779

'46,208

23, 5453,7832,0912,3343,8403,3155,6732,072

22, 6636,033

'16,630

4,064'10,148

5,9203, 7063,415

18,955

1,8573,0634 7Q1

' 4, 386'10,351'6,855'4,355' 3, 504'18,891

'2,0123,652

'4,975

'81,898'53,262'28,636

'82,425

'53,930' 1, 789' 7, 519' 4, 318'5,368

'10,495'7,869

'13,510' 3, 653' 2, 395

'14,909' 2, 608'4,735' 2, 585

'25,099' 2, 738' 8, 217' 9, 447

'13,922' 2, 173' 5, 412'1,478

'28,495' 6, 561' 2, 392' 3, 169' 2, 272' 5, 451' 1, 980' 1, 409

'10,444' 4, 606

'13,445

'8,384' 10, 910'20,939'4,437' 6, 504

'31,251

' 4, 368'10,781'13,368

'47,100'25,394'21,706

'49,660

'26,492' 4, 120'2,394'2,936'3,875' 3, 569' 7, 101

2,883

'23,168' 6, 291' 16, 877

'4,401'10,342' 7, 601' 4, 314' 4, 115

'18,887

'2,020' 3, 973' 4. 827

4,47610, 1156,7604,2353,522

18, 950

1,9933,6444,957

82, 83153, 82629, 005

82,858

54, 0411,7957,5764,3625,256

10,4357,908

13, 6963,7752,354

14,9342, 5854,7372,694

25, 1622,7208,3199,496

13, 9452,2715,2871, 506

28, 8176,7832,3663,2312,2645,4792,0381,424

10, 5934,539

13, 685

8,52811, 14120, 9834,5566,478

31,172

4,42010, 91513,302

45, 51423, 95721, 557

47,376

24, 6143, 9112,2472,2823,8183,4476,5222,287

22, 7625,951

16,811

4,48610, 0816,1434,3053,193

19, 168

1,9823,3574.876

r Revised. i Based on data not seasonally adjusted. 2 Advance estimate. 9 In-cudes data for items not shown separately. cf See corresponding note on p. S-5. 0In-cludes textile mill products, leather and products, paper and allied products, and printingand publishing industries; unfilled orders for other nondurable goods industries are zero.

HFor these industries (food and kindred products, tobacco products, apparel and relatedproducts, petroleum and coal products, chemicals and allied products, and rubber and plasticsproducts) sales are considered equal to new orders.


March 1968 SURVEY OF CUEEENT BUSINESS S-7


1966 1967

Annual

1967


1968

Jan. Feb.


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS— Continued

Unfilled orders, end of year or month (unadjusted),tot alf mil $

Durable goods industries, total doNondur goods ind. with unfilled orders® ^ do

Unfilled orders, end of year or month (seasonallyadjusted), totalj mil. $

By industry group:Durable goods industries, total 9 do

Primary metals doBlast furnaces, steel mills _ do

Fabricated metal products do .Machinery, except electrical do._..Electrical machinery _ _ doTransportation equipment _ do

Aircraft, missiles, and parts do_ _

Nondur. goods ind. with unfilled orders© 1_.do

By market category:Home goods, apparel, consumer staples?, .do....Equip. and defense prod., incl. auto _doConstruction materials and supplies _doOther materials and supplies?. do

Supplementary market categories:Consumer durables _ _ doDefense products _ _ doMachinery and equipment do

BUSINESS INCORPORATIONS^New incorporations (50 States and Dist. Col.):

Unadjusted numberSeasonally adjusted ._ do

INDUSTRIAL AND COMMERCIALFAILURES^

Failures, total _ number

Commercial service _ doConstruction doManufacturing and mining _ _ doRetail trade.. _ _ _ _ _ d oWholesale trade... _ do

Liabilities (current), total ____thous. $..

Commercial service doConstruction _ _ • doManufacturing and mining _ doRetail trade doWholesale trade . do

Failure annual rate (seasonally adjusted)No. per 10,000 concerns..

78 44975,3153,134

79, 675

76,4156,9093, 3056,221

12,81612, 27932,35026,056

3,260

2, 20842, 2056,493

28, 769

1,70431, 76519,614

200 010

13, 061

1,3682,5101,8526,0761,255

1,385,659

185, 202326, 376352, 861344,346176, 874

251.6

81 62878, 4953,133

82,872

79, 5976,5273,4977,084

12, 62612, 57734, 88429, 733

3,275

1,98144, 0477,381

29, 463

1,51535, 43319, 162

206, 569

12, 364

1,3292,2611,8325,6961,246

1,265,227

144, 965323, 680325, 869334, 279136, 434

249.0

78 60775 4853 122

78,623

75 4276 4662 8806,135

12, 71612 36832,04626, 061

3,196

2,21441,4796,405

28, 525

1,72031, 73519,545

18, 71416, 703

1,191

113223171558126

108, 172

8,04419, 36132, 81827, 30120, 648

54.9

78 60075 5363,064

78,239

75 1316 2742 8826,144

12, 49712 39432 15826, 505

3,108

2,14641, 2976,457

28, 339

1 64432 16719, 224

15 22515 987

1 216

152236160555113

113, 450

12 74625 05032 32532 88710 442

57.1

77 79174 7952 996

77,093

74 0605 7712 5296 119

12, 35912 23232* 00926 649

3,033

2,03740, 8866 454

27, 716

1 52632 26818, 909

19 03616 244

1 216

128227190557114

119, 322

10 08638 92829 32132 6528 335

49.7

77,63374,6093,024

77,014

74,0165,5692,4876,17612,33512,20632,23726,971

2,998

2,02240,7096,513

27, 770

1 52032 55218^830

16 51116* 760

1 160

125238149519129

103,817

9 76729 05827 48925 36712 136

52.1

77 70174 6793 022

77 869

74 9735 7412 7166,189

12, 37612 13333 06627, 667

2,896

1,94641, 5226,482

27, 919

1 48533 25318,898

18 70017 627

1 100

119193157515116

93,370

10 28016 04626 91226 30713 825

48.6

7870375 7322 971

79044

76 1855 8702 8476 205

12 44912 23033 92928 646

2,859

1,96042, 5176 450

28, 117

1 51934 30919^047

18 59117 799

1 047

10518016350099

104, 643

6 89626 91226 06227 93116 842

48.6

7992776 9083 019

79,622

76 7105 9352,9366,116

12, 42612 34134, 45329,024

2,952

1,94342, 6626,424

28,633

1 47934 73219, 124

15 415r!6 300

843

8213212940595

72, 551

4 69016 19127 10017 0627 508

43.2

80 23177, 1873,044

79,832

76 8015 8862 8906,277

12, 69912 55833 82628 520

3,031

2,00342, 5746, 579

28, 676

1 51134 28819,407

17 332r 17' 674

1 017

9815917249098

108, 901

12 31012 75833 29437 g6i12 678

49.3

80,58077, 510

3,070

80,390

77, 2686,0783,0826,193

12, 68812, 70033, 93528, 661

3,122

2,01142, 6926,501

29, 186

1 48834 68719, 307

16 222'18 118

913

9315214543192

93, 943

6 34411 53629 17737 7699 117

49.1

81,21778,1503,067

81,455

78,3406,0703,1026,345

12,64512,77934,81129, 509

3,115

2,03843, 7866, 630

29,001

1 54035 50319, 278

17 233'18 000

949

10819713042688

81,633

11 05214 19214 70533 6528 032

47.4

80,79577,6763,119

81,555

78,3966,2333, 2016,499

12,74712,60434,55529,314

3,159

1,97343,3466,768

29,468

1 50535 11619,306

16 065'18 403

881

10216613339387

69, 977

7 02515 78020 67819 1107 384

42.2

"81, 628••78,495'3,133

'82,872

' 79, 597' 6, 527' 3, 497'7,084

'12,626'12,577'34,88429,733

'3,275

'1,981'44,047'7, 381

'29,463

' 1 515'35 433'19,162

17 525'18 168

831

10415813334789

195, 448

45 72597 86825 98816 3809 487

43.2

82, 23279, 1203,112

82, 188

78,9906,720"3,7406,902

12, 54112, 44134, 76429, 558

3,198

1,95943, 5017,051

29,677

1 50435 14819, 079

20 43817 °23

844

9015914935492

104, 491

7 39823 36631 131°0 33922 257

38.2

COMMODITY PRICESPRICES RECEIVED AND PAID BY

FARMERSPrices received, all farm products 1910-14=100..

Crops9 doCommercial vegetables doCotton _ doFeed grains and hay doFood grains. _ _ doFruit doTobacco do

Livestock and products 9 doDairy products doMeat animals doPoultry and eggs. do

Prices paid:All commodities and services do...

Family living items ,_ _ doProduction items .... _ _ do

All commodities and services, interest, taxes, andwage rates (parity index)... 1910-14=100

Parity ratio §._. ._ .___ do

CONSUMER PRICES

(U.S. Department of Labor Indexes')Unadjusted indexes:

All items 1957-59—100Special group indexes:

All items less shelter _ do

All items less medical care.. doCommodities. do

Nondurables doNondurables less food do.

Durables9 doNew cars doUsed cars do

266235288215181185243553292293356161

297315285

33480

113 1

112.9113.0112.3109.2111.8109.7102.797 2

117. 8

252

224284191174177227554276304335132

302321287

34274

116 3

115.9116.8115.0

111.2114.0113.1104.398 1

121.5

255225288168186187206556281311330152

300319287

33975

m 7

114.2114.8113.6

109.9112.7111.0102.797 6

113.0

252223280175184179199561276306328142

'300'319'286

33875

114 8

114.3115.2113.7

109.9112.7111.5102.897 3

114.0

250224276173186189199561272300323144

301318289

33874

115 0

114.6115.4113.8110.0112.9111.8102.997 2

115.9

245223305173183185193558264291319130

301318288

34072

115 3

114.8115.9114.1

110.2113.0112.4103.497 0

118.8

252221276167183188197558279288351126

302320289

34174

1 -I r e

115.1116.3114.4

110. 5113.2112.7103.996 9

121.4

255227322169184179217558279288353123

303321290

342

75

116 0

115.6116.5114.8

111.0113.8112.7104.196 8

122.4

257225326178178167203558285292358133

304323291

34475

116 5

116.1116.8115.2111.5114.3112.8104.497 0

124.8

256224277186166169256560283302352128

303323289

34275

1 I (• Q

116.5117. 1115. 6111.9114.8113.2104.796 9

125. 2

252217249

18016716726653728331°344133

303323289

34373

117 1

116.7117. 7115.8112.0114.9114.1104.896 1

126.2

251

224252230160173263537275320330122

304324289

34473

117 5

117.1118. 2116.2112.4115. 1114.5105. 7101 1126. 0

250227275257154168250544269321316122

302325286

34373

117 8

117.5118.7116.5112.6115.3115. 2106.0101. 4125.6

253231288233160169277557272321318129

303325287

34474

118 2

117.7

116.8112.9115. 6115.2106.1101.3124.8

255232362189162170284559274316324132

304327288

346

74

118.6

118.2119.3117.3113.2116 0115.1106.3101.0125.8

258229344168165173287560282314342131

306329290

348

74

used cars _ _ _ d o 117.8 121,r Revised. »Advance estimate. 2 Based on unadjusted data.11 See note marked "rf«" on p. S-5. 0 See corresponding note 019 Includes data for items not shown separately.

,note on p. S-6.

d" Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist.§ Ratio of prices received to prices paid (parity index).

Col.).




1966 1967 v

Annual

1967


1968

Jan. Feb.p

COMMODITY PRICES—Continued

CONSUMER PRICES-Continued(U.S. Department of Labor Indexes— Continued)

Unadjusted indexes— ContinuedSpecial group indexes— Continued

Commodities less food 1957-59 = 100-.S e r vices -.. _ - _ _ d o

Services less rent doFood 9 do

Meats, poultry, and fish... -doDairy products doFruits and vegetables do

Housing . doShelter 9 do

Rent doHomeownership do

Fuel and utilities 9 doFuel oil and coal doGas and electricity do

Household furnishings and operation—- doApparel and upkeep doTransportation do

Private doPublic do

Health and recreation 9 doIVIedical care doPersonal care doReading and recreation do

Seasonally adjusted indexes:Food doApparel and upkeep doTransportation do

WHOLESALE PRICES &(U.S. Department of Labor Indexes)

Spot market prices, basic commodities:22 Commodities 1957-59=100

9 Foodstuffs do13 Raw industrials _ _ ___ do _

All commodities _ doBy stage of processing:

Crude materials for further processing doIntermediate materials, supplies, etc doFinished goods O— . do

By durability of product:Durable goods doNondurable goods _ doTotal manufactures . _ _ _ _ _ _ do _

Durable manufactures d o _ _ _Nondurable manufactures do

Farm prod., processed foods and feeds do

Farm products 9 doFruits and vegetables, fresh and dried-_doGrains. _ __ _ __ _ _doLive poultry doLivestock . _. _ do

Foods and feeds, processed 9 doBeverages and beverage materials doCereal and bakery products. _ -doDairy products _ doFruits and vegetables, processed _doMeats, poultry, and fish do

Industrial commodities . _ _ _ do _

Chemicals and allied products 9 doAgric. chemicals and chem. prod _ _ d oChemicals, industrial doDrugs and Pharmaceuticals doFats and oils, inedible doPrepared paint do

Fuels and related prod., and power 9 doCoal doElectric power _. Jan. 1958= 100- _Gas fuels.. _ _ doPetroleum products, refined 1957-59=100.-

Furniture and household durables 9 doAppliances, household doFurniture, household _ _ _ _ _ doHome electronic equipment do

Hides, skins, and leather products 9 doFootwear doHides and skins. . _ doLeather _ do

Lumbe- and wood products doLumber _ do

Machinery and equipment 9 doAgricultural machinery and equip doConstruction machinery and equip doElectrical machinery and equip doMetal working machinerv and eauio do

106.5122.3125.0114.2114.1111.8117.6111.1114.1110.4115.7107.7108.3108.1105.0109.6112.7111.0125.8119.0127.7112.2117.1

i 109. 5i 101.91115.2

105.9

105.3104.8106.9

106.0105.6105.7106.0105.3

108.9

105.6102.597.391.4

110.0

113.0105.8115.4118.5104.8110. 2

104. 7

97.8102.895.794.5

102.8106.8

101.398.6

100.3129.399.5

99.189.1

109.183.6

119.7118.2140.8121.1105.6108.5

108.2118.5118.999.0

118.8

109.2127.7131.1115.2111.2116.7117.5114.3117.9112.4120.2109.0111.6108.5108.2114.0115.9113.9132.1123.8136.7115.5120.1

198.1194.7

1 100. 4

106.1

99.6105.6108.2

108.0104.7106.7108.2105.3

105.2

99.7101.692.282.2

101.0

111! 7106.5117.1122.0107.2105.0

106.3

98.4103.697.494.081.3

109.3

103.6103.2100.7133.6102.2

101. 090.1

112.882.5

115.8122. 094.0

110.5105.4108.4

111.8122.3122.7101. 8123. 8

107.3125.5128.8114.7110.3116.4115.3113.1116.5111.4118.7108.6110.5108.3106.7111.3113.4111.4129.8121.4132.9113.8118.5

114.9111.9113.2

102.997.5

106.8

106.2

101.9105.6107.7

107.4105.2106.4107.5105.3

107.0

102.6101.8100.788.1

101.4

112.8105.8117.6121.8105.9105.4

105.8

98.4104.296.694.792.3

108.7

102.6102.3100.6134.6100.3

100.489.6

111.983.6

117.9120.9110.1116.9102.6104.5

111.1121.5121.3101.9121.9

107.6125.9129.2114.2110.7116.1114.2113.3116.8111.7118.9108.7111.1108.3107.0111.9113.8111.8130.0121.8133.6114.1118.6

114.0112.3114.3

102.097.5

105.2

106.0

100.8105.5107.6

107.6104. 7106.4107.7105.1

105.7

101.0104.595.897.199.5

111.7105.9117.3121.2104.3104.7

106.0

98.5105.496.994.289.1

108.7

103.4102.3100.6134.5101.9

100.489.7

112.083.5

118.0121.6107.8116.3103.6105.4

111.2121.7121.4101.8122.2

107.8126.3129.5114.2110.0115.7115.2113.3116.6111.8118.6108.7111.1108.3107.3112.6114.2112.2130.5122.2134.6114.4118.9

114.3112.9114.5

100.096.3

102.5

105.7

99.7105.5107.2

107.6104.2106.3107.7104.8

104.6

99.698.499.990.897.4

110.6105.6117.5120.7104.2101.7

106.0

98.5105.997.094.481.5

108.8

103.7102.2100 6134. 6102.4

100.689.8

112.483.3

116.9121.798.9

114.6103.6106.0

111.5121.9121.5102.2122.6

108.4126.6130.0113.7109.0115.7114.2113. 6116.9111.9119.0108.8111.0108.4107.7113.0115.1113.2130.6122.6135.1114.9119.4

113.9113.1115.3

98.195.3

100.1

105.3

98.0105.5107.0

107.6103.7106.2107.8104.6

103.4

97.699.698.389.094.0

110.0105.9117.2120.1104.3100.6

106.0

98.8105.297.694.085.3

108.8

103.3102.7100.6134.8101.7

100.689.8

112.483.3

115.7121.588.3

112.9104.1106.6

111.6121.8121.8102.3122.9

108.7127.0130.4113.9108.5115.9116.4113.9117.5112.1119.7108.7110.8108.3107.9113.8115.5113.6130.9122.8135.7115.0119.6

114.5113.7115.6

99.098.199.6

105.8

100.6105.3107.6

107.5104.6106.3107.7105.0

105.0

100.7104.498.085.6

102.6

110.7106.0117.4120.8105.1103.8

106.0

98.8105.297.594.182.9

108.8

104.4102.6100.6135.0103.7

100.889.7

112.482.9

115.2121.487.2

110.9104.2107.0

111.6121.8121.9101.9123.6

108. 9127.4130. 8115.1111.6116.3119.9114.1117.7112.2119.9108.6110.5108.2108. 1113.9115.7113.7132.2123.2136.3115.3119.7

115.3113.9115.9

98.897.399.8

106.3

101.4105.4108.4

107.5105.4106.6107.7105.6

106.8

102.4114.396.185.7

104.9

112.6106.3117.2122.2106.5108.3

106.0

98.5105.197.294.179.5

108.8

104.0102.4100.5134.3103.1

100.890.0

112.482.0

115.6121.595.8

110.2104.7108.0

111.6121.8121.9101.8123.6

109.1127.7131.2116.0112.3116.4124.4114. 3117.9112.4120.2108.9111.4108.3108.2113.7116.2114.1132.7123.6136.9115.5119.8

115.0114.2116.0

97.195.498.3

106.5

101.7105.4108.7

107.6105.6106. 8107.9105.8

107.3

102.8107.992.691.9

107.4

113.1106.4116.9122.0107.0109.9

106.0

98.3103.597.294.177.1

108.8

103.9103.0100.6131.8103.3

100.990.1

112.681.8

115.2121.493.4

109. 5105.3108.3

111.6121.9122.1101.7123.9

109.4128.2131.7116.6113.1116.6122.7114.7118.4112.6120.8109.1111.7108.5108.3113.8116.4114.4132.8124.2137.5116.1120.0

115.8114.3116.3

96.794.698.1

106.1

99.5105.4108.3

107.9104.8106.8108.1105.6

105.2

99.296.686.177.3

106.3

112.1106.6116.8122.1107.1107.4

106. 3

98.0101.897.193.677.2

108.8

104.7103.0100.5132.0104.6

101.090.1

112.881.8

114.4121.286.8

109.2106.1109.0

111.8122.0122.4101.6124.4

110.0128.7132.3115.9113.4117.3115.6115.0118.7112.8121.1109.4112.3108.9108.8115.1116. 8114.8133.0124.9138.5116.4120.5

115.6114.9117.0

95.993.497.8

106.2

98.5105.7108.7

108.2104.8107.1108.4105. 8

105.3

98.492.285.672.9

103.5

112.7106.7116.6122.8107.9108.6

106.5

97.9101.297.193.577.1

109.9

104.5104.1100.7132.6103.9

101.290.3

113.081.6

114.4121.893.2

105.3108.7112.0

111.9122.2122.4101.5124.4

110.6129.1132.7115.7112.3117.9115.3115.3119.0113.0121.5109.4112.5108.9109.1116.0117.7115. 7133.0125.5139.0116.5121.4

115.8115.4117.3

95.091.297.7

106.1

97.9105.7108.6

108.7104.2107.1109.0105.3

104.1

97.191.686.673.8

101.8

111.7107.3116.8123.0109.3104.7

106.8

98.2101.698.393.678.5

109.9

103.0103.8100.8132.7101.0

101.790.5

113.482.1

114.8123.686.8

104.7107.3111.2

112.2122.3124.3101.5124.6

111.1129.6133.2115.6111.4117.8116.7115.5119.4113.2121.9109.3112.7109.0109. 3116.6118.3116.2134.6126.2139. 7116.9122.0

116.1115.9117.8

95.189.599.1

106.2

96.5105.9108.9

109. 1104.0107.2109.3105.2

103.4

96.4102.981.365.696.2

110.9107.4117.0123.0112.0102.2

107.1

98.2101.798.393.777.9

109.9

102.8104.8100.9132.8100.4

102.090.8

114.382.2

115.4123.790.4

106.5106.7110.9

112.6123.8125.3101.6125.4

111.1130.1133.8116.2111.2118.1119.6116.0119.9113.5122.6109.3113.1108.7109.7116.8117.9115.8134.9126.6140.4117.2122.2

r 116. 4116.2117.7

96.290.7

100.1

106.8

98.6106.3109.3

109.5104.8107.6109.6105.6

104.8

98.9105.085.468.297.6

111.5107.7116.9124.1113.1103.2

107.4

98.4102.298.393.877.2

112.2

102.6104.9100.9133.199.9

102.190.9

114.381.8

116.0124.389.7

109.1107.6111.8

113.2124.9126.3102.3125.8

111.2130.8134.6117.0111.6118.5124.1116.4120.2113.7122.9109.5113.7108.9110.6115.9118.7116.6135.5127.1141.2117.6122.7

117.2116.6118.5

96.190.999.8

' 107. 2

99.1106.7109.7

110.2105.0108.1110.3105.9

105. 3

'99.0108.185.078.298.7

' 112. 4107.9117.1123.8113.7105.5

r 107. 8

98.299.598.592.976.4

113.2

101.8105.0101.0130.098.8

103.091.1

115.281.7

116.5125.687.3

108.6108.6114.0

113.9125.8127.2102.7126.1

96.492.299.5

107.8

. .-

106.6

101.0

113.1

108.2

r Revised. * Preliminary. 1 Computed by OBE. 9 Includes data for items notshown separately. d"For actual wholesale prices of individual commodities, see respective

commodities. O Goods to users, incl. raw foods and fuels.




1966 1967P

Annual

1967


1968

Jan. Feb.

COMMODITY PRICES—Continued

WHOLESALE PRICES^— Continued(U.S. Department of Labor Indexes— Continued)

All commodities— ContinuedIndustrial commodities — Continued

Metals and metal products? 1957-59 ~ 100Heating equipment doIron and steel doNonferrous metals do

Nonmetalllc mineral products 9 doClay prod , structural excl refractories

doConcrete products doGypsum products . do

Pulp, paper, and allied products doPaper. _ _ do

Rubber and products ... do

Textile products and apparel 9 ._. doApparel. doCotton products _ _ _ doManmade fiber textile products doSilk yarns . doWool products... _ _. do

Transportation equipment 9 doMotor vehicles and equipment _. do

Miscellaneous products 9 doToys, sporting goods, etc doTobacco products do

PURCHASING POWER OF THE DOLLAR

As measured by-Wholesale prices 1957-59=$!. 00..Consumer prices do

108 392.5

102 3120 9

102 6

108.4103 0102.4102 6107 394.893. 3

102.1105 0102 589.5

153 6106 0

100 8106 8104 1109 6

$0. 945.884

109 592 6

103 6120 6

104 3

110.1105 3102.4104 0110 097.096. 2

102.1106 8100.686.8

171 9103.2

102.1109 2105 6112 9

$0. 943860

109 492 6

103 0121 8

103 6

109.3103 9103 5103 1108 595.694. 9

102.0105 7102 587.1

166 1104 7

101.6107 9105 2110 3

$0. 942872

109 692.3

103 2122 3

103 7

109.3104 4103.5103 3108 595.894.9

102.0105 9101.887.1

164 1104.7

101.6108 0105 3110 3

$0. 943871

109 492 2

103 3121 1

103 8

109. 3104 5102 3103 6108 595.994.9

101 8106 0101 386 9

164 1104 0

101 6107 7104 0110 3

$0. 946870

109 192 0

103 2120 0

103 9

109. 4104 6102 3103 9109 395.994.0

101.8106 2100 886 8

164 5102 9

101 6108 0105 2110 3

$0.950867

108 992 0

103 2118 9

103 8

109.7105 2102 3103 9109 595.894.0

101.6106 3100 386 3

167 0103 1

101 6108 0105 3110 3

$0. 945865

108 992.5

103 3118.7

103 9

109.7105 7100 9103 9109 695.894. 0

101.6106 799 785.8

167 0103 2

101 4109 6105 3114 8

$0. 941862

109 092 6

103 4118 6

104 2

109.9105 8100.7104 1110 995.894. 0

101.5107 198 985.5

168 4103 3

101 3109 7105 6114 8

$0.939858

109 292.5

103 5118.9

104.5

110.4105. 8100.7104 0110.997.8

101.7107.398.885.9

172.6102.9

101.3110 0105.8114 8

$0. 943855

109 692.7

104.0119.4

104.7

110.7105.9100.7104 1110.998.2

102.0107 499.286.3

175 7102.7

101 5110 2106 1114 8

$0. 942854

109 892.9

103.9120.7

104.9

110.7105.9103.9104 3111.298.8

102.2107 599 186.9

179 5102 8

103 7110 5106 3114 8

$0. 943851

110 593.3

104.3122.7

105.1

111.1105.6103.9104.6111.299.1

103.0108 0101.288.1

183 9102 2

104 0110 6106 3114 8

$0. 942849

111. 093.4

104.7123.7

105.3

111.6105.8103.9104.8111.299.2

103.8108.1104.288.6

189 7102.2

104.0110 7106 4114 8

$0. 936846

111.793.1

105.5125.1

106.0

111.8106.5103.9105.2111.299.598.7

104.3108.3105.289.3

196 8102. 3

104.3111 0106 7114 8

$0. 933843

$0. 928

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE

New construction (unadjusted), total mil. $

Private, total 9 doResidential (nonfarm) do

New housing units doNonresidential buildings, except farm and pub-

lic utilities, total 9 . . mil $Industrial doCommercial. do

Farm construction doPublic utilities 9 do

Telephone and telegraph do

Public, total 9 do

Buildings (excluding military) 9 doResidential doIndustrial.. do

Military facilities doHighways and streets.. do

New construction (seasonally adjusted at annualrates), total. bil $

Private, total 9 do

Residential (nonfarm) doNonresidential buildings, except farm and pub-

lic utilities, total 9 bil. $Industrial doCommercial. do

Public uti l i t ies:Telephone and telegraph . _ do

Public, total 9 do

Buildings (excluding military) 9 .doResidential doIndustrial.. do

Military facilities doHighways and streets do

CONSTRUCTION CONTRACTSConstruction contracts In 48 States (F. W. Dodge

Co.) !Valuation, total mil $

Index (mo. data seas, adj.) 1957-59=100

Public ownership mil. $Private ownership doBy type of building:

Nonresidential doResidential _ do

Non-building construction _ doNew construction planning

(En gineerin g News-Record) § . . .do

74,371

50 44623,81517,964

18, 6076,7036 8901,225

1,600

23, 925

8,921653369713

8,359

1 50, 1502 145

1 18, 1521 31, 9981 19 3931 17. 8271 12, 930

52,112

74, 734

49 57823 58317 888

18 0996 1396 983

1 629

25 156

412705

53 446

20 70932 737

20 41819 69513 333

60,094

4,991

3 3291 381

980

1 404492529

102

1 662

694553149

460

74 8

48 3

19.9

20.57.17.9

1.6

26.5

9.7.7.4.7

9.5

2, '838

126

1,1131,725

1,175937726

4,940

4 591

3 1081 263

891

1 327482490

115

1 483

646532545

376

75 0

48 0

20 3

19.87 17.7

1.6

27.0

9.5.8.3.8

10.2

3,300

143

1,1882,112

1,4301,056

814

5,401

5 175

3 3561 4221 022

1 357473512

139

1 819

738582845

546

73 1

46 9

20.8

18.26 17.2

1.7

26.2

9.8g

.3

.69.1

4 424

149

1 5092 916

1 7141 5841,127

4,781

5,740

3 6731 6421 188

1 419464557

127

2 067

818682744

668

72.0

46 0

21.1

17.35 66 9

1.5

25.9

9.9g

.33

9 o

4 389

138

1 4982 891

1 8301 627

931

3,359

6 306

4 0231 8681 380

1 501499597

138

2 283

890734246

784

73 9

47 8

22 1

17 86 07 1

1 7

26.1

10.1g

.45

8 9

5 095

154

3 2751 820

1 8082 0021,285

4,293

6,674

4 3162 no1 599

1 509515577

151

2 358

917584557

858

72 4

48 1

22.9

17.35 96 7

1.7

24.3

9.87

.56

8.2

5 414

164

2 1693,245

2 0702 0001,344

5,809

6,982

4 5322 2801 732

1 554541593

134

2 450

925563464

939

73 4

49 2

23.7

17.66 26 7

1.6

24.2

9.96

.58

8.0

4 879

149

1 9892 890

1 7491 8291 302

6, 829

7,119

4 ggg2 3841 810

1 589530597

142

2 423

911573070

910

74.4

50.2

24.6

17.66 06.4

1.6

24.2

9.9.6.4.7

8.0

5 104

165

1,8243,280

1,8471,9121,345

5,506

7,135

4 7782 3771 835

1 678592626

140

2 357

3771

76.3

51 7

25 3

18.46 66.7

1.7

24.6

.57

4,695

168

1,6773,018

1,7861,7411,169

4,053

7 065

4 7572 3451 848

1 665547663

147

2 308

3771

76 9

52 2

26 0

18 36 27 0

1 7

24.7

.48

5 053

171

1,5273,527

1 8741 8871, 292

4,932

6 796

4 6622 3251 857

1 616494677

149

2 134

r4073

77 8

52 6

26 6

18.05 67 2

1 7r25. 2

r 58

4 258

168

1,4352,823

1 5861,717

956

4,295

' 6 169

r 4 353r 2 182r 1 742

1 489522573

145

r 1 816

3670

r77. 9r52 4

26 9

17 4r 5 9r 6 7

1 6r25. 6

.59

3,996

166

1,5072,490

1,5501,4041, 042

5,896

5 385

3 7621 8681 465

1 330425507

1 623

80.0

54.5

26.9

19.46.27.6

25.6

3,714

159

1,3002,414

1,3471,462

905

3,492 5,040r Revised. Preliminary. 1 Annual total includes revisions not distributed to

months. 2 Computed from cumulative valuation total. <? See corresponding note onp. S-8. 9 Includes data for items not shown separately. § Data for Mar., June, Aug.,and Nov. 1967 and Feb. 1968 are for 5 weeks; other months, 4 weeks.




1966 | 1967

Annual

1967


1968

Jan. Feb.

CONSTRUCTION AND REAL ESTATE—Continued

HOUSING STARTS AND PERMITS

New housing units started:Unadjusted:

Total, incl. farm (private and public) --.thous..One- family structures do

Privately owned __ . do

Total nonfarm (private and public) do._._In metropolitan areas . _ _ do

Privately owned do

Seasonally adjusted at annual rates:Total, including farm (private only) _. doTotal nonfarm (private only) do

New private housing units authorized by buildingpermits (12,000 permit-issuing places) :

Seasonally adjusted at annual rates:Total.. . thous

One-family structures. _ _ _ do

CONSTRUCTION COST INDEXES

Dept of Commerce composite 1957-59 ~~ 100American Appraisal Co., The:

Average 30 cities 1913—100Atlanta doNew York doSan Francisco doSt. Louis __ _ . . do

Associated General Contractors of America, Inc.,The (building only) 1957-59=100

E. H. Boeckh and Associates, Inc.: Âverage, 20 cities:

All tvpes combined 1P57-59— 100Apartments hotels office buildings doCommercial and factory buildings doResidences do

Engineering News-Record:Building __ _ _ _ doConstruction do

Bu. of Public Roads— Highway construction:Composite (avg. for year or qtr.)_._ 1957-59 =100..

CONSTRUCTION MATERIALS

Output index:Comoosite unadiustedQ 1947—49 100

Seasonally adjusted do

Iron and steel products, unadjusted doLumber and wood products unadj doPortland cement unadjusted do

REAL ESTATE

Mortgage applications for new home construction:Applications for FHA commitments

thous. units..Seasonally adjusted annual rates J . _ do

Requests for VA appraisals doSeasonally adjusted annual ratest do

Home mortgages insured or guaranteed by-Fed. Hous. Adm.: Face amount. mil. $Vet. A dm.: Face amount § do

Federal Home Loan Banks, outstanding advancesto member institutions, end of period mil. $._

New mortgage loans of all savings and loan associa-tions, estimated total* mil. $..

By purpose of loan : tHome construction doHome purchase doAll other purposes do

Nonfarm foreclosures number

Fire losses (on bldgs., contents, etc.) mil. $..

1,196.2779.5

1, 165. 0

1, 172. 8807.3

1,141.5

972563

121

867941963867852

127

122.1123 2122 2120.1

123.8134.3

113.0

157.6

169.0155 0189.8

153.0

99.2

6, 095. 322, 600. 53

6,935

16,720

3,6067,7465,368

117 473

1,496.76

1, 321. 9844.6

1, 291. 6

1,298.8919.2

1, 268. 4

1,079613

126

909992

1,008910903

132

127.4140.8

116. 9

163.0149.5186.6

167. 2

124.4

5, 884. 643, 404. 87

4,386

19,891

4,1909,5056,196

1, 706. 72

61.740.659.1

60.443.057.7

1,1111, 079

942549

123

889970992890883

129

125.3126.2125.7.122.9

' 124. 4' 136. 7

129.0137.5

143.3132.7110.4

10.11537.1109

379. 30213.88

6,340

788

165365258

10, 211

159. 74

63.240.461.4

62.043.960.2

1,1491,132

894551

123

891970997890883

129

125. 4126.3125.8123.0

r 124. 7r 136. 9

126. 5143.1

132.4137.1102.5

10.71377.7107

301. 12168. 52

5,800

950

205420325

8,701

155. 08

92.966.691.5

90.762.689.2

1,0941,067

928558

123

891970997890883

129

125.5126.3125.8123.1

r 125. 1r 137. 3

113 2

158.0163.5

171.3164.8148.5

16.6151

10.3103

388. 16195.36

5,175

1,347

306571470

10, 584

149.66

115.979.9

113.7

114.277.4

112.0

1,1161,099

1,028578

123

891972997890882

129

125.8126.6126.1123.3

r 125. 1' 137. 3

148.9146.3

164.2145.3167.1

14.8159

11.0122

358. 98184. 12

4, 782

1,339

312586441

9,774

142. 86

134.287.4

132.0

131.991.7

129.7

1,2741,254

1, 033601

124

899982997890912

130

127.0127.9127.3124.8

' 126. 4' 139. 4

164.5153.3

182.4156.3208.0

16.0162

10.9109

406.92231.28

4,421

1,738

400779559

9,914

143. 15

131.687.7

125.4

129.687.9

123.4

1,2331,214

1,109630

126

909982997891912

131

130.1131.2130.2127.9

127.3140.5

112.3

166.7155.7

177.0152.6226.9

16.3169

12.8135

508.04265. 88

4,302

2,162

4351,046

681

10, 035

164. 04

126.182.4

125.3

124.987.7

124.0

1,3691,356

1,093626

128

915995

1,013923912

133

131.9133.0132.2129.4

r 127. 8r 141. 9

150.5156.2

156.4131.7225.4

12.7155

12.2146

501. 11295. 92

4,221

1,860

382951527

9,484

144. 17

130.283.8

127. 4

126.589.8

123.6

1,4071,381

1,127639

129

917998

1,015924912

133

132.3133.4132.6130.0

' 128. 6' 143. 3

180.7164.4

187.6165.7266.6

17.1180

11.6122

653. 83340.29

4,153

2,228

4241,186

618

10, 274

173. 25

125.878.2

121.9

123.488.3

119.5

1,4451,415

1,159638

129

9191,0011,016

928912

133

133. 3134.1133.8130.6

r 129. 3r 143. 7

123.0

162.4155.9

160.2155.5234.2

14.6176

10.8131

643. 11352. 10

4,122

1,971

3811,017

573

9,407

116.95

137.081.8

135.4

134.699.0

133.1

1, 4961,478

1,212673

130

9221,0191,019

928912

134

133.6134.5134.2130.9

* 129. 7' 144. 2

167.2148.2

172.1163.9239.3

15.3185

12.5151

665.33434.29

4,114

1,950

413949588

114. 79

120.269.1

118.4

118.6'84.9116.8

1,5901, 567

1,158625

129

9301,0241,025

933916

134

133.8134.7134.3131.2

' 130. 1' 144. 3

150.4157.9

161.4' 152. 0' 182. 2

12.9189.9.5136

620. 86382. 91

4,188

1,801

388856557

115.21

'83.1'46.7'80.1

'82.1'63.0'79.1

'1,250' 1, 235

1,323702

129

9321,0251,026

937919

134

' 130. 4' 144. 5

119.2

147. 6136.6127. 5

10.21627.9125

457. 89340. 32

4,386

1,759

380780599

127. 82

'82.544.6

'80.4

'81.863; 4

'79.7

'1,453' 1, 427

' 1, 102'630

130

9371,0331,044

941923

134

131.4145. 7

11.21638.4122

577. 59348. 77

4,442

1,403

297669437

153. 95

89.2

86.7

87.3

84.8

1,5661,528

1,373701

134

1131.8i 146. 5

12.4152

10.5139

436. 34

DOMESTIC TRADE

ADVERTISINGMarketing/Communications advertising index, sea-

sonally adjusted:©Combined index 1957-59—100

Business papers " do "Magazines doNewspapers „ doOutdoor doRadio (network) doTelevision (network) do

148

12815911991

118194

156133170119113124212

15212716512092

123207

14812515511385

115211

150130160121111117195

14512915711278

118197

14412616011194

124188

143124153104119105197

14512115011395

114206

15213016211388

125217

14813914910684

125215

14912515711396

130210

'Revised. 1 Index as of Mar. 1,1968: Building, 132.5; construction. 147.0.^Copyrighted data: see last paragraph of headnote, p. S-l.9 Includes data for items not shown separately.

tRevisions for 1960-66 (seas, adj.) for FHA applications and VA appraisals and for Jan.-Nov. 1966 for new mortgage loans will be shown later. § Data include guaranteed directloans sold. ©Formerly Printer's Ink advertising index.


March 1968 SURVEY OF CURRENT BUSINESS S-ll


1966 1967

Annual

1967


1968

Jan. Feb.

DOMESTIC TRADE—Continued

ADVERTISING— Continued

Television advertising:Network (major national networks) :

Net time costs, total mil. $_.Automotive, incl. accessories ....do

7T A ft A ' ' v q rnnf rt'~fvnpr ~ ~ r\nr ooas, soil annKs, c ecuo e y — _ a

Smoking materials... . doAll other do

Spot (natl. and regional, cooperating stations):

A t f - • ' • i ~~cor\ * « ~ ~ r\nDrugs and toiletries dor ooo... , so t u n s, c tt y a ----

Smoking materials doAll other _ _ _ _ _ _ do

Magazine advertising (general and natl. farm maga-zines):

Cost total mil $Apparel and accessories doAutomotive, incl. accessories doBuilding materials doDrugs and toiletries doFoods soft drinks confectionery do

Beer, wine liquors doHousehold equip., supplies, furnish ings., doIndustrial materials doSoaps, cleansers etc doSmoking materials doAll other do

Newspaper advertising linage (52 cities) :Total ...mil. lines...

Classified _ doDisplay, total do

Automotive doFinancial- _ _ _ _ _ _ _ d oGeneral doRetail do

RETAIL TRADEAll retail stores:

Estimated sales (unadj.), total mil. $

Durable goods stores 9 doAutomotive group do

Passenger car, other auto, dealers doTire battery accessory dealers do

Furniture and appliance group 9 __doFurniture, home furnish ings stores doHousehold appliance TV radio do

Lumber, building, hardware group doLumber bldg materials dealers cf doHardware stores do

Nondurable goods stores 9 doApparel group _ do _

Men's and boys' wear stores doWomen's apparel, accessory stores _ . .doFamily and other apparel stores doShoe stores _ do

Drug and proprietary stores doEating and drinking places do _Food group __ do _

Grocery stores _do -Gasoline service stations _ do _

General merchandise group 9 do _ _Department stores doMail order houses (dept. store mdse.) _ do. _ _ _Variety stores do

Liquor stores do

Estimated sales (seas, adj.), total . _ do _ _

Durable goods stores 9 doAutomotive group do

Passenger car other auto dealers doTire, battery accessory dealers do

Furniture and appliance group 9 doFurniture, homefurnishings stores doHousehold appliance TV radio do

Lumber, building hardware group doLumber, bldg. materials dealers^ doHardware stores _ do .

Nondurable goods stores 9 doApparel group _ _ _ _ _ _ _ do .

Men's and boys' wear stores doWomen's apparel, accessory stores doFamily and other apparel stores doShoe stores. ... do _

1,411.3106.7429.8274.0131. 5161.4308.0

1 189 354 1

219 4414.2103 351.0

347.3

1, 166. 768.1

123.534.5

134.4125.4

79.280.153.317.639.6

411.0

3, 354. 3924.3

2, 430. 0182.973.2

310. 31, 863. 6

303, 672

97, 81257, 41453, 8753,539

14, 9789,0894,905

12, 3079,3402,967

205, 86017, 2763,5376,9134,0152,811

10,14823, 43171, 12565, 10523, 012

39, 81126, 0942,6915,7276, 758

1,499.9115.8429. 0306.8134.3183.1331.0

1,161.660.7

103.731.0

148.4116.1

89.270.762.722.939.9

416.3

3,297.8878.1

2, 419. 6158.566.9

297.11,897.1

313, 503

99, 66957, 55653, 6953,861

15, 7009,3845,245

12,4119,3503,061

213, 83418, 1053,8226,9944, 3422,947

10, 89424,88772, 13766, 14624, Oil

42, 17427, 7032,7676,0787,120

.._.._.-

68.41.77.01.48.07.1

3.02.84.01.12.5

29.7

241.171.1

170.011.67.9

20.5129.9

22,567

7,0184,1973,963

234

1,136676380

777574203

15, 5491, 224

272480273199

8371,8455,5485,0921,827

2,5111,658

156330514

25,687

8,2004,6044,298

306

1,312792429

1,062803259

17, 4871,514

317587360250

89.94.1

10.12.0

11.610.4

5.13.54.11.73.4

33.9

233.666.4

167.212.34.7

22.7127.5

21, 648

6,8014,0103,787

223

1,101654375

741557184

14, 8471,042

213422239168

8181,7265,4074,9611,722

2,4001,534

172347500

25, 470

7,9554,3944,085

309

1,308780449

1,058801257

17, 5151,476

304576357239

403.029.5

122.886 937 548.377.8

274 315.855.5

109 922 613.057.3

106.46.8

10.93.8

11.511.0

6.86.55.52.33.1

38.2

278.374.1

204.314.35.6

25.5158.9

25,679

8,2344,9894,711

278

1,192715401

905684221

17, 4451,512

277590354291

8931,9406,0965,5961,901

3, 1972,077

221466551

25, 739

8,1504,6024,291

311

1,278755441

1,049794255

17, 5891,443

315557343228

110.98.3

10.24.2

13.08.6

6.68.65.92.53.1

39.9

294.380.2

214.115.65.8

28.9163.8

25, 081

8,2054,9554,644

311

1,160725370

999738261

16,8761,375

282550307236

8511,9915,8105,3481,940

3,0492,016

199414541

25, 918

8,1044, 6604,348

312

1,286791423

1,048779269

17, 8141,585

333614384254

112.15.7

10.63.9

13.49.6

8.19.36.32.53.5

39.1

300.180.6

219. 516.55.6

29.3168.1

26, 557

8,9285,4135,084

329

1,245781391

1,115844271

17, 6291,439

297575319248

8942,0935,8885,3912,034

3,3222,194

208470572

25,897

8,1874, 7524,448

304

1,306795420

1,001750251

17, 7101,490

317585342246

317.821.085 466.030.837.676.9

97. 82.48.43.1

14.910.4

8.15.66.42.43.5

32.6

279.176.4

202.715.75.4

26.3155.3

27, 616

9,3985,6445,273

371

1, 313804439

1,167884283

18, 2181,473

337552337247

9102,1976,2595,7422,136

3, 4832,322

198492586

26, 544

8,5465,0694, 750

319

1,295775450

1,014754260

17, 9981,524

326596358244

69.3.9

4.01.7

10. 89.4

5.63.74.41.62.9

24.4

246. 474.9

171.511.95.8

17.8136.0

26, 005

8,5475,0144,670

344

1,239770399

1,143881262

17, 4581,301

286492314209

8792,2936,1455,6322,159

3,0852,008

179455577

26, 444

8,5925,1304.814

316

1.267784397

1,031771260

17, 8521,538

332594371241

64.45.33.11.5

10.26.9

3.42.93.61.42.5

23.6

269.876.3

193.611.24.2

19.0159. 2

26, 201

8, 2984,6694,338

331

1,325818424

1,167911256

17,9031,451

293546372240

8882,3166,0595,5442,113

3,5022,280

233501580

26,422

8, 5085,0534,731

322

1,299781424

1, 025767258

17, 9141,562

340605367250

307.422.793.364.631.836.758.2

108. 09.88.23.1

13.39.8

6.56.27.12.03.2

38.8

269.873.1

196.713.74.8

26.2152.0

26, 239

8,2004,5154,192

323

1,367805464

1,121867254

18, 0391,574

304595394281

8822,1786,2365,7292,030

3,5162,319

223496589

26,732

8, 7435,2244,891

333

1,347812450

1,041789252

17, 9891, 559

322607373257

118.47.0

13.32.7

14.810.8

9.59.05.62.23.8

39.8

296.276.9

219.312.76.2

29.9170.5

26, 162

8,5744,8704,531

339

1,365820440

1,145892253

17, 5881,472

300577361234

8862, 1215,8425,3382,035

3,5192,312

264479573

26, 089

8, 2354,7074,361

346

1,300771423

1,038786252

17,8541,485

307575349254

115.65.49.82.2

14.611.9

11.57.55.42.23.7

41.3

305. 868.4

237.413.95.3

28.7189.5

27, 159

8,4824,7774, 413

364

1,472859497

1,057802255

18, 6771,628

357620404247

8952,0245,9995, 4952,047

4,2192,760

359571624

26, 411

8,2214,6924,331

361

1,331782454

1,021774247

18, 1901,515

324578364249

471.742. 6

127.589.134.160.4

117.9

99.93.38.11.4

12.310.1

15. 05.14.41.14.7

34.4

283.259.8

223.49.25.6

22.2186. 4

'32, 589

' 8, 984' 4, 503' 4, 089

r 414

' 1, 785••957'665

r 1, 074'716'358

'23,605' 2, 614

'604'995'668'347

' 1, 261' 2, 163' 6, 848'6,278'2,067

' 6, 371'4,223

355' 1, 057' 913

'26,470

' 8, 327' 4, 678'4,355' 323

'1,358'778'463

' 1, 088'839'249

'18,143'1,476

'304'559'367' 246

63.31.64.41.27.16.7

3.42.54.21.72.7

27.6

231.367.0

164.211.47.6

17.3127.9

'24,258

' 7, 538' 4, 601

4,333268

' 1, 192686410

834618216

'16,720' 1, 283

293480290220

'920' 1, 994' 5, 920' 5, 442' 1, 984

' 2, 695' 1, 792

176359560

'27,039

' 8, 5114,8994,556

343

1,347779461

1,085815270

18, 5281,542

334573370265

» 24, 215

i 7, 739i 4, 688

i 1, 207

1 16, 4761 1, 168

1907* 1, 980* 5, 909i 5, 426i 1, 903

i 2, 721i 1, 773

i 27, 433

18,691

i 18, 742

'Revised. 1 Advance estimate.9 Includes data for items not shown separately. d1 Comprises lumber yards, building

materials dealers, and paint, plumbing, and electrical stores.


S-12 SUEVEY OF CURRENT BUSINESS March 1968


1966 1967

Annual

1967

Jan. Feb. Mar. Apr. May 1 June1

July Aug. Sept. Oct. Nov. Dec.

1968

Jan. Feb.

DOMESTIC TRADE—Continued

RETAIL TRADE— Continued

All retail stores— ContinuedEstimated sales (seas, adj.)— Continued

Nondurable goods stores— ContinuedDrug and proprietary stores mil. $Eating and drinking places doFood group do

Grocery stores doGasoline service stations do

General merchandise group 9 doDepartment stores doMail order houses (dept store mdse) doVariety stores do

Liquor stores do

Estimated inventories, end of year or month:Book value (unadjusted), total mil $

Durable goods stores 9 doAutomotive group doFurniture and appliance group doLumber, building, hardware group _ _ d o _ _ - _

Nondurable goods stores 9 doApparel group doFood group doGeneral merchandise group do

Department stores do

Book value (seas, adj.), total doDurable goods stores 9 do

Automotive group doFurniture and appliance group doLumber, building, hardware group.. _do

Nondurable goods stores 9 doApparel group doFood group doGeneral merchandise group do

Department stores do

Firms with 11 or more stores:Estimated sales (unadj.), total 9 do

Apparel group 9 _ _ doMen's and boys' wear stores doWomen's apparel, accessory stores doShoe stores do

Drug and proprietary stores doEating and drinking places doFurniture and appliance group do

General merchandise group 9 doDept stores excl mail order sales doVariety stores do

Grocery stores.— __ doTire, battery, accessory dealers do

Estimated sales (seas, adj ) total 9 do

Apparel group 9 doMen's and boys' wear stores doWomen's apparel, accessory stores doShoe stores _ _ do

Drug and proprietary stores doEating and drinking places do

General merchandise group 9 doDept. stores, excl. mail order sales doVariety stores do

Grocery stores. _ doTire, battery, accessory dealers do

All retail stores, accounts receivable, end of yr. or mo.:Total (unadjusted) mil $

Durable goods stores doNondurable goods stores do

Charge accounts doInstallment accounts do

Total (seasonally adjusted) doDurable goods stores doNondurable goods stores do

Charge accounts . doInstallment accounts do

35, 84616, 1447,9382,5122,401

19, 7024,1024,2016,4253,919

36, 96116, 5368, 1082, 5742,483

20, 4254,3184,2096,9094,200

80, 323

4,770573

1,7791,269

2,6632, 2221,276

28, 98819, 6534,593

29, 9061,472

18, 9867,212

11 7748,164

10, 822

17 7676,987

10, 7807,730

10, 037

35, 45915, 4686,9902,5302,361

19, 9914,1274,2656,7144,102

36, 68215, 9777,1402,6112,442

20, 7054,3634,2487, 1894,359

85, 203

5,069612

1,8551,367

3,1202,5541,362

30, 95320, 9845,029

31, 1451,529

8772,0365,9115,4171,931

3,4192,244

220486591

35, 85616, 5748,1602,5152,444

19, 2823,9774,1646,3093,793

36, 92416, 4917,8672,5982,530

20,4334,3434,2486,9514,240

5,695

30643

10685

21719390

1,8221,256

266

2,33097

6,885

42152

154112

240213

2, 5131,730

402

2,492127

18,1676,954

11,2137,630

10,537

17,8497,124

10,7257,69010,159

8832,0265,9425,4521,968

3,3612,191

230472595

36, 34916,6818,2552,5182,410

19,6684,2224,1296,4603,891

36, 64416, 3157,6722,6122,447

20, 3294,3894,1626,8324,162

5,550

27131

10276

22118589

1,7201,146

278

2,33493

6,907

41846

160109

254214

2,4711,685

387

2,548131

17, 5386,751

10, 7877,338

10, 200

18, 0077,144

10, 8637,721

10, 286

8892,0466,0415,5351,964

3,3272,200

223448584

37, 10816, 8558,2212,5482,471

20, 2534,3084,1896,7674,108

36, 52616, 1427,5152,5612,418

20, 3844,3694,1566,8954,179

6,855

43045

152133

250206103

2,3241,561

383

2,686116

6,852

37247

13898

253209

2,4491,671

369

2,556135

17,6566,766

10, 8907,518

10, 138

18, 1597,129

11, 0307,80410; 355

9062,0345,9855,5131,992

3,4792,278

230520609

37, 19916,8268,1052,5992,514

20,3734,3144,1676,8334,123

36, 23616.0337,4092,5682,448

20,2034,2884,1146,8174,115

6,500

37143

140101

229202104

2,2371,533

341

2,516127

6,993

43850

165121

245205

2,5281,683

420

2,583127

17,8146,875

10, 9397,789

10, 025

18, 2117,181

11, 0307,920

10, 291

9032,0385,9965,5071,996

3,4682,283

215504598

36,93516, 6957,9662,6062,527

20, 2404,2704,1496,8164,120

36, 26315,9047,3152,5852,451

20, 3594,3354,1496,9004,174

6,839

40447

152111

243214115

2,4321,667

388

2,498133

6,948

40747

151109

252209

2,4821,710

417

2,575123

18,0056,943

11,0628,0139,992

17,9266,973

10,9537,827

10, 099

9232,0596,0505,5482,040

3,6042,377

228516599

36, 33716, 2957,6832,5942,477

20, 0424,1314,1766,6934,025

36, 08715, 6617,1542,5862,419

20, 4264,3214,1846,9044,201

7,252

41553

151114

256223116

2,5591,767

407

2,692150

7,171

42452

155112

261209

2,6271,774

422

2,591130

18, 3597,225

11, 1348,194

10, 165

18, 2257,049

11,1767,992

10, 233

9032,0716,0025,5002,020

3,5292,305

236506580

35, 89415, 9727,3632,5562,432

19, 9224,1254,1226,7604,076

35, 99715, 5496,9662,5712, 427

20, 4484,3284,1896,9614,233

6,683

33939

12692

247223113

2,2761,547

371

2,582129

7,162

41549

150111

256208

2, 6431,738

416

2,613118

18, 0347,128

10, 9068,010

10, 024

18, 1696,985

11, 1848,016

10, 153

9132,0946,0195,5162,003

3, 5652,341

222516597

35, 10614, 6915,9722,5642,419

20, 4154,4074,1086,9704,212

36,02815, 5036,8672,5692,429

20, 5254,3334,2056,9974,250

7,063

41143

148112

251226118

2,5901,750

414

2,549126

7,013

43654

156119

265209

2,4861,780

427

2,628125

18,0827,146

10, 9367,950

10, 132

18, 2516,974

11, 2777,993

10, 258

9012,1106,0425,5352,028

3,5872,354

239516599

35, 70514, 7866,0662,6032,440

20, 9194,5454,1567,3204,449

36, 14315, 7117,0412,5672,452

20, 4324,2644, 1817,0194,261

7,292

44447

160135

253222119

2,5751,757

412

2,753122

7,215

43652

157122

261216

2,6461,759

428

2,640127

18,2057,194

11, Oil7,941

10, 264

18,3997,064

11,3358,035

10,364

9122,1046,0545,5432,015

3,5432,321

250508600

36,76814, 9686,1722,6362,443

21,8004,6174,3207,8514,845

36, 21715,6817,0062,5492,468

20,5364,2364,2317,0674,299

7,050

42652

157111

254223124

2,5861,753

395

2,489127

7,205

43450

160121

267221

2,6071,783

418

2,620130

18,1687,09411,0747,974

10,194

18,2516,918

11,3337,933

10,318

9282,1336,0955,5842,064

3,6132, 371

239533601

37,89015,3636,4512,7222,455

22, 5274,7474,4638,1425,055

36, 47415,7287,0482,6102,475

20, 7464,2944,3217, 1414,345

7,820

47663

173118

267216126

3,1282,101

481

2,605137

7,368

42954

155118

277225

2,6671,830

443

2,655136

18,6967,109

11,5878,199

10,497

18,6647,054

11,6108,086

10,578

'949' 2, 144' 6, 179' 5, 666' 2, 017

' 3, 577'2,367

'231'529'586

35,45915,4686,9902,5302,361

19,9914,1274,2656,7144,102

36,68215,9777,1402,6112,442

20, 7054,3634,2487,1894,359

10,604

776106288179

432221145

4,7043,146

893

3,116172

7,282

43553

159119

276223

2,5661,767

445

2,712125

19, 7497,283

12, 4668,317

11, 432

18, 5347,048

11, 4867,918

10, 616

9602,1896,2285,7162,091

3,5752, 358

241520633

35, 83716, 1047,5282,5182,422

19, 7333,9614,2216,7124,036

37, 13016, 2387,3302,6172,507

20, 8924,3434,2817,3654,475

6,352

33849

11198

255210102

1,9941,374

297

2,620114

7,483

44758

156125

283228

2,6771,834

435

2,764147

LABOR FORCE, EMPLOYMENT, AND EARNINGS

POPULATION OF THE UNITED STATESTotal, incl. armed forces overseas ..mil..

LABOR FORCELabor force, total, 16 years of age and over thous__

Civilian labor force. _ doEmployed, total _ do

Nonagricultural employment doAgricultural employment.. _ _ .do

Unemployed (all civilian workers) do...

i 196. 92

78, 89375, 77072, 89568, 9153,9792.875

i 199. 12

80, 79377, 34774, 37270, 5283,8442. 975

198. 11

78, 70675, 32072 16068,8263,3353.160

198. 28

79, 10775, 68972, 50669, 2253,2813.183

198. 43

78, 94975, 51372, 56069, 1493,4102.954

198. 61

79, 56076, 11173, 44569, 7243,7212. 666

198. 76

79, 55176,09573, 63769, 8123,8252.457

198. 94

82, 46479, 02075, 39170, 9964,3953.628

199. 12

82, 92079, 47176, 22171, 7054,5163.250

199. 32

82, 57179, 11276, 17071,7924,3782.942

199.53

80, 98277, 52674,63170, 7003,9312,895

199. 73

81, 59578, 13275, 18171, 1484,0332,951

199.92

81,58278, 11375, 21871,4603,7592,894

200.09

81, 52778, 05775,33871,7933,5452,719

200.25

79, 81176, 34773, 27369, 9083,3663,074

200.3

80,8677,4074,1170,653,463,28

••Revised. 1 As of July 1. 9 Includes data not shown separately.


March 1968 SUEVEY OF CURRENT BUSINESS S-13


1966 | 1967

Annual

1967


1968

Jan. Feb.?

LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued

LABOR FORCE— Continued

Seasonally Adjusted

Civilian labor forcej thousEmployed, total . _ • do _

Nonagricultural employment . __do _Agricultural employment _ _ _ . _do_

Unemployed (all civilian workers) . ..do _Long-term, 15 weeks and over _ .do. _

Kates (unemployed in each group as percentof total in that group) : J

All civilian workersMen, 20 years and over. __ __Women, 20 years and overBoth sexes, 16-19 years

Married men*Nonwhite workers*. __White workers*

Occupation: White-collar workers* __Blue-collar workers* _ _

Industry:Private wage and salary workers*

Manufacturing*Durable goods* _ __ _

EMPLOYMENTEmployees on payrolls of nonagricultural estab.:f

Total, not adjusted for seasonal variation _ _ thous ..

Seasonally AdjustedTotal- _ _ thous

Mining... _ _ _ doContract construction doManufacturing do

Durable goods do

O rdnance and accessories .doLumber and wood products '._ . . doFurniture and fixtures doStone, clay, and glass products doPrimary metal industries doFabricated metal products-. _ _ . doMachinery, except electrical do

Electrical equip, and supplies . doTransportation equipment do - . .Instruments and related products doMiscellaneous manufacturing ind do

Nondurable goods doFood and kindred products do _ . -Tobacco manufactures doTextile mill products _ - doApparel and other textile products.-- doPaper and allied products - . do .Printing and publishing doChemicals and allied products doPetroleum and coal products doRubber and plastics products, nee doLeather and leather products - do -

Transportation, communication, electric, gas,and sanitary services thous

Wholesale and retail trade . doWholesale trade " doRetail trade do

Finance, insurance, and real estate doServices _ . doGovernment-. do

Federal doState and local do

Production workers on manufacturing payrolls:Total, not seasonally adjustedf thous..

Seasonally AdjustedTotalt thous

Durable goods _ _ . doOrdnance and accessories doLumber and wood products doFurniture and fixtures doStone, clay, and glass products ....doPrimary metal industries. .. doFabricated metal products doMachinery, except electrical do

Electrical equipment and supplies. doTransportation equipment doInstruments and related products doMiscellaneous manufacturing ind do

Nondurable goods doFood and kindred products doTobacco manufactures . . " d oTextile mill products do.""Apparel and other textile products do

r Revised. p Preliminary; *New series. Mon^Beginning in the Mar. 1968 SURVEY, labor force dÊffective with the Sept. 1967 SURVEY, additional

adjusted production workers, hours, man-hours ancand spendable earnings) are shown; these are not in

536

3.82.53.8

12.7

1.97.33.3

2.04.2

3.88.13.22.8

63, 982

63, 982625

3, 29219, 18611,256

256613462645

1,3451,3491,911

1,8961,912

433434

7,9301,779

84962

1,399668

1,022958186510364

4,15113, 2113,4389, 773

3,1029, 545

10, 8712,5648,307

14, 273

14, 2738,349

122535383518

1,0961, 0501,345

1,3171,361

277347

5,9251,181

72857

1,243

thly dataata refleciseries (uiman-hou

the 1967 e

449

3.82.34.2

12.9

1.87.43.4

2.24.4

3.97.33.73.4

66, 063

66,063613

3,26419, 33911, 327

292593456631

1,3011,3551,971

1,9151,927

455431

8,0121, 789

86952

1,391684

1,064991189514352

4,26213, 6723,556

10, 116

3,22810, 07111, 6162,7198,897

14, 226

14, 2268,282

150515376502

1,0431, 0471,371

1,2941,356

286341

5,9441,187

74844

1,232

for earliernew seas

lemploymr indexes,dition of ]

76, 93374, 09470, 1043,990

2,839476

3.72.34.3

11.1

1.76.73.3

2.14.2

3.8

3.32.9

64,531

65, 564625

3,31119, 55811, 507

277607466642

1,3621,3741,988

1,9581,938

453442

8,051. 1, 795

89963

1,414680

1,053983187527360

4,24213, 5153,512

10, 003

3,1529,840

11, 3212,6678,654

14, 304

14, 5068,502

140530385512

1,1061,0681,398

1,3481,373

289353

6,0041,196

77856

1,254

years aronal factent ratesprivate

BUSINESS

76,92174,06370, 1873,876

2,858447

3.72.24.0

12.6

1.77.23.3

2.04.2

3.7

3.42.9

64, 491

65, 692624

3,35219, 50711,482

283603465640

1,3481,3721,984

1,9591,938

454436

8, 0251,798

85954

1,401681

1,056984187523356

4,24713, 5413,521

10, 020

3, 1659,883

11, 3732,6738,700

14, 252

14, 4368,459

143524384509

1,0911,0651,392

1,3451,371

288347

5,9771,197

73848

1,243

e availal3rs.>, seasonssector d£STATIST

76, 67673, 82269, 9643,858

2,854436

3.72.34.1

11.8

1.87.43.2

2.14.2

3.7

3. 63.1

64,843

65, 749624

3,31319,44511,434

286602459638

1,3321,3641, 984

1,9471,932

456434

8,0111,803

84952

1,384684

1,065981186521351

4,24613, 5573,535

10, 022

3,1799,946

11, 4392,6858,754

14, 200

14, 3588,407

146525379509

1,0731, 0591,388

1,3321,363

289344

5,9511,200

72845

1,226

jle.

illyita,[CS.

76, 81473, 93970, 0963,843

2,875434

3.72.34.1

12.0

1.97.23.3

1.84.6

3.7

3.63.4

65, 215

65, 653620

3,27619, 33111,322

288592455628

1,3051,3541,979

1,9161,916

456433

8,0091,800

86945

1,390680

1,063984187520354

4,21213, 5723,545

10, 027

3,1949,973

11, 4752,6888,787

14, 104

14, 2338,286

147514374499

1,0491,0461,380

1, 2981,347

289343

5,9471,195

73838

1,232

Also, 1factorrates)1909-6

76, 50273, 55069, 8223,728

2,952433

3.92.44.1

12.7

1.97.73.4

1.94.6

3.9

3.83.7

65,594

65, 639617

3,19219, 23811, 283

286584453624

1,2991,3481,972

1,9041,927

454432

7,9551, 797

86941

1,395679

1,064982187472352

4,26713, 6093,549

10, 060

3,2059,987

11, 5242,6988,826

14, 059

14, 1478, 254

147507375495

1,0421,0411,373

1,2841,361

287342

5,8931,196

74835

1,235

he estab•>; compaiappear ii7, availa

77, 21474, 16970, 4303,739

3,045441

3.92.54.2

12.7

1.97.73.5

2.24.6

4.08.43.93.6

66, 514

65,903619

3,18719, 28511, 285

290590452626

1,2951,3571,972

1,8721,947

454430

8,0001,806

87948

1,396688

1,066990189479351

4,26613, 6483,555

10, 093

3,22710, 03511, 6362,7478,889

14, 249

14, 1708,240

149512371498

1,0371,0481,372

1,2511,377

285340

5,9301,201

75841

1,239

lishmentable earliBLSBi3le from

77, 49574, 47870,6313,847

3,017436

3.92.44.3

12.9

1.87.33.5

2.24.6

4.07.44.04.0

66, 129

65, 939623

3,23119, 16911, 218

292585447625

1, 2801,3501,969

1,8891,896

455430

7,9511,790

89940

1,376689

1,066989191479342

4,29213, 6473, 555

10, 092

3,23410, 07411,6692,7598,910

13, 996

14, 0568,170

151508366498

1,0231,0411,368

1,2651,326

285339

5,8861,185

76834

1,220

data reflier data (illetin 13the Gove

77, 59874, 66470, 7083,956

2,934445

3.82.33.9

13.3

1.96.83.4

2.24.4

3.97.23.83.4

66, 408

66, 190606

3,22319, 31811, 351

297585451626

1, 2811,3561, 976

1,9161,980

456427

7,9671,751

85946

1,381687

1,067992190521347

4,28313, 6643,569

10,095

3, 25310, 13011, 7132,7468,967

14, 261

14, 1918,299

155509369497

1,0241,0481,375

1,2901,410

285337

5,8921,148

72839

1,223set adjusexcept m12-5, EMjrnment

77, 80774, 63870, 9413,697

3,169440

4.12.34.9

13.4

1.88.03.6

2.44.6

4.25.44.03.7

66, 672

66, 055601

3,23819, 14211, 149

299585451622

1,2621,3311,966

1,8821,873

452426

7,9931,777

81950

1,377682

1,064993191529349

4,26213, 7193,565

10, 154

3,26410, 16111, 6682,7158,953

14, 290

14,0038,091

154508370494

1,0031,0231,365

1,2601,297

281336

5,9121,175

69842

1,218

tment toan-hoursPLOYME1SPrinting

78, 07274, 73571, 0173,718

, 3, 337475

4.32.54.8

14.8

1.98.83.7

2.44.9

4.46.94.13. 6

66,914

66,243597

3,23619,16911,143

300592455628

1,2671,3321,932

1,8961,862

454425

8,0261,783

82954

1,384685

1,0651,001

192529351

4,25113,7763,567

10,209

3,27010,19911,7452,7129,033

14,249

14,0348,083

157513374500

1,0091,0241,329

1,2701,289

283335

5,9511,185

70847

1,223

Mar. 196and maiT AND EOffice, \

77, 98975,00571, 1663,839

2,984485

3.82.44.0

13.9

1.77.33.4

2.24.4

3.97.23.53.2

67, 470

66, 918597

3,28919, 42211,364

303593458634

1,2891,3541,980

1,9191,951

455428

8,0581,785

89957

1,389687

1,0691,002

193533354

4,28713, 9003,602

10, 298

3,29010, 29711, 8362,6989, 138

14, 406

14, 2788,294

157515377505

1,0311,0451,372

1, 2891,380

285338

5,9841, 188

77848

1,2313 benchmi-hour inARNINGSVashingt

78, 47375, 57771, 3614,216

2,896445

3.72.24.1

12.8

1.76.93.3

2.14.3

3.86.13.53.5

'67,980

'67,126'598

'3,353'19,491'11,399

'304'600'465

6421,290

'1,368'1,947

' 1,922'1,974

457'430

'8,092' 1, 788

'91964

' 1, 397'690

1,0711,008

193535355

4,290'13,870' 3, 59810, 272

' 3, 304••10,332'11,888

2,708' 9, 180

'14,337

'14,317' 8, 313

'158'520'383

5141,0301,0581,336

1,2931,398'286'337

' 6, 0041,190

'78855

1,234larks anddexes ancFOR THEon, D.C.

77, 92375,16771, 1644,003

2,756488

3.52.33.9

11.3

1.66.43.2

2.04.3

3.68.33.32.8

'66, 114

67, 146596

3,21619, 50111, 443

'304'601'468'642

1,2901,3711,963

1,9241,987

457436

8,0581,775

84965

1,383691

1,0691,007

192536356

4,30113,9193,607

10, 312

3,31010, 369

'11,934' 2, 721' 9, 213

14, 129

14, 3288, 353

160522387513

1,0281,0581, 352

1,2941,409

286344

5,9751,179

72855

1,221revised s

I unemplUNITED20402, $4

78, 67275, 73171,6044, 127

2,941455

3.72.34.0

12.6

1.77.23.3

2.24.3

3.87.43. 63.4

66, 462

67, 694600

3,46719, 56711, 464

304607473612

1,2911,3791,961

1,9372,006

459435

8,1031,773

84975

1,396692

1,0741,013

193545358

4,31714, 0163,626

10, 390

3,32110, 41411, 9922,7249, 268

14, 184

14, 3678,363

162526391485

1,0291,0661,351

1,3031,420

287343

6,0041,172

71865

1, 234

easonaloymentSTATES,.75.




1966 1967

Annual

1967


1968

Jan. Feb.*


EMPLOYMENT-Continued

Production workers on manufacturing payrolls —seasonally adjusted— Continued

Nondurable goods industries— ContinuedPaper and allied products thousPrinting and publishing doChemicals and allied products _ doPetroleum and coal products . _ doRubber and plastics products, nee ..doLeather and leather products . . ..do. .. .

HOURS AND MAN-HOURS

Seasonally AdjustedAverage weekly gross hours per production worker

on payrolls of nonagricultural estab. :fMining- .. _ . ' . _ _ . hoursContract construction doManufacturing: Not seasonally adjusted do

Seasonally adjusted.. - doOvertime hours do _ _

Durable goods doOvertime hours - _ _ _ _ do

Ordnance and accessories . . . do -Lumber and wood products -doFurniture and fixtures doStone, clay, and glass products _ doPrimary metal industries _ . . _ doFabricated metal products do -.Machinery, except electrical doElectrical equipment and supplies- doTransportation equipment do . .Instruments and related products doMiscellaneous manufacturing ind do

Nondurable goods doOvertime hours __ _ . _ _ do

Food and kindred products . _ . doTobacco manufactures _ . . doTextile mill products . doApparel and other textile products do _ -

Paper and allied products _ doPrinting and publishing _ do _Chemicals and allied products doPetroleum and coal products doRubber and plastics products, nee __ .do -Leather and leather products. do

Wholesale and retail trade do ._Wholesale trade doRetail trade _ . do

Finance, insurance, and real estate do

Seasonally AdjustedMan-hours in nonfarm estab., all employees,

seasonally adjusted, annual ratef

Man-hour indexes (aggregate weekly), industrialand construction industries, totalf

1957-59=100..Mining doContract construction doManufacturing do.. .

Durable goods _ doOrdnance and accessories. __ do.. _Lumber and wood products - doFurniture and fixtures doStone, clay, and glass products.. . do

Primary metal industries . doFabricated metal products . do _ _ .Machinery, except electrical doElectrical equipment and supplies _ _ doTransportation equipment do. . .Instruments and related products do...Miscellaneous manufacturing ind- do

Nondurable goods _ doFood and kindred products . doTobacco manufactures.. .do _Textile mill products doApparel and other textile products do..-

Paper and allied products do...Printing and publishing do...Chemicals and allied products. . doPetroleum and coal products do .Rubber and plastics products, nee do.-.Leather and leather products. do

WEEKLY AND HOURLY EARNINGS

Not Seasonally Adjusted

Average weekly gross earnings per productionworker on payrolls of nonagrieultural estab. :f

Mining dollarsContract construction doManufacturing establishments do . . .

519650572116397318

42.737 641.3

3.942.14.3

42.340.841.542.0

42.142.443.841.242.642.140.0

40.23.4

41.238.841.936.4

43.438.842.042.442.038.6

37.140.835.937.3

129. 28

115.982 2

114.7117.8124.2144.997.4

127 7111.2

116.9126.1139.0145.8116.7127.7113.4

109 596 284.6

106 0118.7

115.0115.8115 981.0

146.8100.6

130 66145. 89112. 34

531671586118395304

42.637.740.6

3.441.23.5

41.840.340.441.6

41.041.542.540 241 441 239 4

39 73 1

40 938.540 936 0

42 838 441 642 741 438.2

36 640 435 337.0

132. 24

113.579 4

113 2115 2120 4176 992 7

122 0106 9

108 5123 1137 6140 0112.9129.1109 7

•jno K

96 286 6

Ifil Q

116.2

116.0118.4m A

oq K

143.8QC ft

136 32154 19114] 90

527668585117411313

42 638 240.841 03.6

41 73 9

42.040.440 741 9

41 842.243.540 741.641.840 0

40.03 3

41.138.740 936.6

43 238.841.842 041.538.3

36.840 735 537.1

132. 15

116.981 7

116 6118.8125 2165.495 5

126 1109. 7

117. 1127.7143 5147.6114.9132.4115.3

110 497.390.9

103 4120.4

116.2119.1117.881.2

150.098 1

134 09149. 14113. 42

529670585117406309

42.237 640.140.33.4

41 03 7

41.740.340 241.5

40.941.443.039.740.740.938 7

39.53.1

41.038.240 235.6

42.838.641.442 640.937.1

36.640 535 337.0

131. 57

114.980 6

116 7116.3122 3167.894 2

124 2108.0

113.1124.9141.2143.6112.3129.1109.7

108.597.285.0

100 7116.0

115.6118.9116.782.3

146.093.8

131 14143. 60111.88

531674580116403304

42.437 440.340.43.3

41 13.5

41.940.740 241.5

40.841.542.940.040.741.539.2

39.53.2

41.1oo 9OO. Z40.235.5

42 838.541.643 041.037.0

36.640 535 337.0

131. 67

114.380 8

114.6115.9121.9172.195.3

122 6108.0

110.9124.5140.5143.3111.6131.4110.1

108.197.783.8

100.3114.1

116.0119.3116.282.4

145.392.0

132.09146. 83112. 44

526673583118402307

42.737 440.240.53.2

41.03.3

41.640.640.341.3

40.241.542.839.640.941.539.7

39.83.0

40.839.440.836.2

42.538.641.542.641.137.7

36.440 435.137.0

131. 08

113.280 9

112.6114.9119.8172.193.1

121 2105.4

106.8123.0139.3138.2110.9131.4111.2

108.596.587.7

101.0117.0

114.1119.4116.583.0

145.394.7

134. 51147. 23112. 56

525672580117354305

42.036.440.440.33.2

41.03.3

42.040.140.141.1

40.641.342.339.941.741.139.5

39.53.0

40.638.340.535.9

42.538.341.242.640.937.7

36.340.335.237.1

111.579 4

106.7114.0119.5173.790.7

121.0104.1

107.2121.8137.0137.8114.2129.3110.3

106.996.286.499.9

116.3

113.9118.3115.182.3

127.394.1

134. 09149. 54113. 52

535673583119362302

42.237.440.640.33.2

40.93.3

41.240.140.341.3

40.641.242.040.041.241.039.4

39.53.0

41.039.040.435.7

42.638.341.342.641.237.9

36.740.535.437.1

111.979.7

109.1114.1118.9172.791.6

120.3105.2

106.7122.3136.0134.6114.2128.1109.4

107.897.589.2

100.4116.0

116.3118.5116.083.7

131.293.7

136. 53153. 56114. 49

536674585119362295

43.237.540.340.43.3

41.03.5

41.839.940.241.3

40.941.342.140.341.441.039.2

39.63.0

40.638.440.635.9

42.738.341.542.840.638.4

., 36.740.535.437. 0

m fV>

111.882.2

111.2113.4118.3177.690.4

118.4105.2

106.0121.8135.9137.1110.5128.1108.5

107.095.389.0

100.0114.9

116.8118.6116.984.1

129.292.7

139.43157.90113.65

534673585118401299

42.837.540.740.73.3

41.33.5

41.939.740.241.6

41.041.542.240.442.541.239.4

39.73.1

40.838.941.035.8

42.638.341.543.142.038. 3

36.740.535.537.1

iqo 74.

113.078.5

111.0115.2121. 0182.890.1

119.3105.7

106.4123.2136.9140.2120.6128.7108.4

107.692.785.4

101.6114.8

116.1118.5116.984.0

148.193.7

138. 24159. 08114. 77

527669585120407300

42.838.340.940.83.4

41.63.7

42.440.540.742.0

41.041.842.740.242.741.239.5

39.93.3

41.038.041.436.3

42.838.341.542.441.938.9

36.740.335.437.1

m KR

112.777.7

113.9114.2118.6183.791.8

121.1106.1

104.2121.1137.5136.2111.4126.9108.4

108.695.479.9

103.0115.9

115.1117.8116.984.0

150.095.5

139. 32162. 60116. 57

531669594121408303

42.337.140.840.73.4

41.33.5

41.740.540.441.8

41.341.442.340.541.541.139.4

39.73.2

40.739.041.335.8

42.838.041. 543.041.938.7

36.340.335.137.1

132 35

111.876.4

110.6113.8117.7184.292.7

121.6106.9

105.6120.1132.6138.3107.6127.5107.8

108.795.583.2

103.3114.8

116.0116.8118.785.9

150.395.9

139. 00160. 40116. 28

533673595121412306

43.539.440.840.83.3

41.23.4

41.941.240.542.1

41.641.442.440.639.841.139.6

40.13.2

40.838.841.536.3

42.838.241.943.141.839.5

36.540.335.237.1

134 37

114.978.2

119. 5115.9120.4185.194.7

122.8108.7

108.7122.5137.2140. 8110.5128.4109.3

110.096.091.1

103.9117.2

116.4118.1120.086.1

151.598.9

139. 32161.24117. 50

536672597121414307

'42.537.341.040.73.5

41.43.6

41.740.340.741.7

41.741.542.440.441.841.139.4

39.83.3

40.736.841.636.2

43.138.041.842.141.338.4

36.340.235.136.9

r!34 10

114.676.6

115.3116. 4121.3185.493.5

125.4109.6

108.8124. 4133.6140.5117.6128.8108.4

109.995.987.5

105.1117. 1

117.9117.4120.284.1

150.496.5

138. 55154. 76119. 31

536671598122414307

41.636.040.040.23.5

40.93.6

40.438.439.540.941.641.441.740.041.940.439.2

39.13.3

40.437.839.. 835.0

42.637.741.742.941.237.6

36.140.034.937.0

133. 21

111.974.8

105.4114. 9120.6181.989.4

123.0107.3

108.4124.1133.0' 139. 2

118.8126.6110.1

107.694.383.0

100.5112.1

116.5116.3120.186.4

150.094.5

137. 03151. 20118. 00

537675601121421307

41.838.340.540.73.6

41.33.9

40.539.940.242.4

41.841.742.140.242.440.439.5

40.03.2

40.940.341.336.5

42.838.142.041.941.438.9

36.240.134.936.8

116.275.8

123, 0117.0122. 1184.693.6

126.4105. 2

109.0125.9134.2140.9121.2127.1110.7

110.394.987.2

105. 5118.1

117.3118.2121.683.7

153.397.7

134. 40155. 18119. 48

r Revised. r> Preliminary.tSee corresponding note, bottom of p. S-13.


March 1968 SUKVEY OF CUKRENT BUSINESS S-15


19G6 1967

Annual

1967


1968

Jan. Feb.p


WEEKLY AND HOURLY EARNINGS— Con.

Not Seasonally Adjusted

Avg. weekly gross earnings per prod, worker onmanufacturing payrolls — Continued t

Durable goods _ dollars_.Ordnance and accessories doLumber and wood products doFurniture and fixtures doStone, clay, and glass products. . ' ' do

Primary metal industries— doFabricated metal products- , _ doMachinery, except electrical. _• doElectrical equip . and supplies doTransportation equipment. _ . _ _ doInstruments and related products ..do.Miscellaneous manufacturing ind do

Nondurable goods doFood and kindred products doTobacco manufactures . doTextile mill products doApparel and other textile products...-- .do

Paper and allied products _ . doPrinting and publishing doChemicals and allied products doPetroleum and coal products . doKubber and plastics products, nee do...Leather and leather products do

Wholesale and retail trade doWholesale trade doRetail trade do


Average hourly gross earnings per productionworker on payrolls of nonagricultural estab.rf

Mining dollars-..Contract construction _ _ _ _ _ _ _ _ d oManufacturing _ _ _ _ do

Excluding overtime. doDurable goods. do

Excluding overtime. _ doOrdnance and accessories doLumber and wood products... ..„ .doFurniture and fixtures .. doStone, clay, and glass products do

Primary metal industries. _ doFabricated metal products. _ _ . _ _ doMachinery, except electrical doElectrical equip, and supplies doTransportation equipment doInstruments and related products doMiscellaneous manufacturing ind do

Nondurable goods—. doExcluding overtime do

Food and kindred products doTobacco manufactures. doTextile mill products . doApparel and other textile products do. _ - _Paper and allied products doPrinting and publishing doChemicals and allied products doPetroleum and coal products do...Rubber and plastics products, nee doLeather and leather products.—. do....

Wholesale and retail trade doWholesale trade doRetail trade do


Miscellaneous hourly wages:Construction wages, 20 cities (ENR) :§

Common labor _ $perhrSkilled labor. .... _ do

Farm, without board or rm., Istofmo— — do .Railroad wages (average, class I). __ . do

Spendable Weekly Earnings fSpendable average weekly earnings per worker (with

three dependents) in manufacturing industries:Current dollarsConstant dollars 1957-59 dollars

PRIVATE SECTOR SERIESNot Seasonally Adjusted

Excludes government employees:Employees, total, nonagricultural estab thous. _

Production or nonsupervisory workers do _Hrs. (gross), av. weekly: Unadjusted-hours. _

Seasonally ad j_ doWeekly earnings (gross), average dollars..Hourly earnings (gross), average do . .

122.09134. 9491.8091.72

114.24

138.09121. 69134.90109.18141.86114.9388.80

98.49103.8284.9782.1268.80

119. 35122. 61125. 16144. 58112. 1474.88

79.02111.3868.5792.50

3.063.882.722.592.902.763.192.252.212.72

3.282.873.082.653.332.732.22

2.452.352.522.191.961.892.753.162.983.412.671.942.132.731.912.48

3:6235.2071.23

i 3. 106

99.4587.93

53,11144,234

38.7

98.692.55

123. 60135. 4395.9193.73

117.73

136. 94123. 26135. 15111. 76142. 42117. 0192.59

102. 03107. 9887.0184.2573.08

122. 84125. 95128. 96152. 87113. 8579.07

82.35116. 7670. 9596.57

3.204.092.832.723.002.883.242. 382.322.83

3.342.973.182.783.442.842.35

2.572.482.642.262.062.032.873.283.103.582.752.072.252.892.012.61

3.8875.5271.33

101. 2687.07

54, 44845, 173

38.2

101.992.67

122.84136. 6390.8090.63

113.71

138. 69122. 89137. 03109.35141. 02115. 6591.87

99.65106. 0883.1681.6170.40

119.84123.97126.16144. 90112. 1977.20

80.30114.0969.1594.61

3.174.022.782.672.962.843.232.272.262.76

3.312.943.152.703.392.782.32

2.512.422.602.202.011.952.803.223.043.502.712.002.202.811.972.55

3.7485.3551.33

3. 198

100.0887.25

53, 16544, 079

38.238.4

99.702.61

120. 77133. 2291.0890.12

112. 19

134. 97120. 83135.88107.98136. 21114. 1190.17

99.18105. 1882.0880.6071.04

119. 14123.33125. 25147. 97109.3576.13

80.22114. 0569.1094.98

3.164.002.792.682.962.843.212.302.272.77

3.302.943.162.723.382.792.33

2.532.442.612.282.011.992.813.223.043.542.702.032.212.831.982.56

3. 7525.364

3.266'

98.8686.11

53, 01743,895

37.938.2

99.302.62

121.36133. 5493.0990.74

113. 70

135. 38120. 72136. 20108. 93136. 49115. 5192.20

100. 08106. 5287.5281.2071.80

119. 71125. 06126.88150. 94110. 1675.65

80.59114. 7469. 3095.35

3.163.992.792.692.962.853.212.312.282.78

3.312.933.162.733.372.792.34

2.542.452.632.342.022.002.813.243.053.562.702.052.222.841.982.57

3.7575.371

3.179

99.3086.35

53,28944, 136

38.038.2

99.562.62

121. 18132. 4894.7790.46

115. 23

133. 57121. 54134.82108. 35137. 30115. 7791.57

100. 22105. 8691.3381.2072.16

119. 00124.03127. 49153. 15110.3075.19

80.73115. 2669.8095.83

3.183.992.802.702.972.863.202.342.292.79

3.292.953.152.753.392.812.33

2.552.462.642.362. 022.012.823.233.053.572.712.062.232.862.002.59

3.7575. ^741.34

3. 235

99.4086.21

53, 63144,440

37.838.0

99.412.63

122. 89134. 0895.1891.25

116. 62

134.64123. 26134. 30110. 12141.78115.9091.57

100. 73107.1890.3082.2271.80

120. 28124.86127. 10153. 58107. 5777.04

81.09115. 6669.8096.20

3.174.022.812.702.992.873.202.352.312.81

3.302.973.162.763.402.822.33

2.552.462.642.372.032.002.833.263.073.582.632.062.242.872.002.60

3.8325.464

3.269

100. 1686.64

53, 99044, 782

37.938.0

100.062.64

123.19132. 2597.2793.09

117.46

136. 12122.84134.09111.88141. 17117. 0192.20

101. 63108. 5094.4182.8272.52

122. 41124. 86128. 65152. 72109.0379.28

82.80116. 6471. 5696.20

3.194.022.822.712.992.883.212.392,312.81

3.322.963.172.793.412.842.34

2.562.462.642.392.032.022.863.263.103.562.642.072.252.882.012.60

3.8765.533

3.212

100. 9387.01

54, 85045,545

38.338.1

101.882.66

122. 40134.0596. 6492.40

118. 01

136.27121.66133.24111.32140.29116.2890. 79

102. 03108. 6291.4481.4172.16

123. 69124.91129.48156.67105.7379.75

84. 15117.6272.9697.20

3.224.082.822.713.002. 883.232.412.312.83

3, 342.963.182.793.432.852.34

2.572.472.632.402.022.012.893.273.123.612.632.052.252.892.012.62

3.9625.5601.36

3.259

100.2786.07

54, 85845. 493

38.538.2

103. 182.68

123.30135. 1196.8895.06

119. 99

137. 50123. 55132. 82111.76143. 52117.1492.04

102. 80107.9487.7583.8474.05

124. 41126. 28129. 17153. 79116.8980.11

84.15116. 6472.9696.83

3.204.102.822.713.002.883.242.412.332.85

3.372.973.172.783.452. 852.33

2.572.472.622.252.042.042.903.283.123.562.772.072.252.882.012. 61

3.9785.620

3. 226

101. 1686.54

55,16845, 785

38.638.2

103. 452.68

126. 05138. 6599. 7297,41

121. 11

138. 58126. 00136. 10112. 31147. 48118. 5392.66

104. 66109. 6786.3386.7374.73

125. 85128. 21130. 31155. 52119. 7180.26

83.45118. 0871.6697.31

3.244.182.852.733.032.893.272.452.372.87

3.383.003.212.783.472.872.34

2.612.502.632.182.102.072.923.333.143.602.832.092.282.932.032.63

3.9785.627

3.271

102. 6187.63

55, 05745, 696

38.438.4

104. 062.71

125. 44137. 4399.5597.82

121. 25

137. 90124. 38135. 46114.09146. 86118. 5393.53

104. 14107. 9886.0588.1973.75

125. 85127. 25130. 73155.23119. 9980.43

82.90118. 0871.5598.69

3.244.212. 852.743.032.903.282.442.382.88

3.382.993.212.813.482.872.35

2.612.502.642.132.122. 062.923.343.153.612.852.102.292.932.052.66

3.9975.6601.29

102. 3787.12

55,03845, 688

38.138.0

103. 252.71

126. 07139.3599.9697.34

122.38

141. 25124. 92137. 05115.87141.35119. 3694. 56

105.06109.4783.4289.0374.93

125. 99127. 64132. 40156.52120. 1282.92

82.67118.4871.3498.42

3.244.212.882.763. 062.933.312.452.382.90

3.423.013.242.843.492.892.37

2.622.522.672.152.132.072.933.353.163.642.862, 112.292.942.052.66

4.0015.687

103. 3587.73

55,45946,090

38.138.3

103. 632.72

'129.58r 140. 44'- 97. 20

99.84' 120. 22

"•143.45'127.80139. 53117. 67

r 152. 01'120.89

96.47

105.60' 110. 29'85.03' 89. 67

74.88

'127.74129. 75

' 132. 82' 150. 06119. 5583.28

'83.45119.8872.2299. 16

'3.26'4.24

2. 912.793.102.96

'3.322.432.402.89

'3.44'3.05

3.262.87

'3. 56'2.92

2.43

2.642.542.69' 2. 22

2.142.082.953.373.17

'3.592.862. 13

' 2. 282.962.042.68

4.0095.713

' 88. 67

' 55, 848'46,449

38.238.0

103. 902.72

' 127. 39' 135. 53' 93. 73' 92. 97'116.98

' 144. 70' 126. 69'136.78' 115. 02'152.10'116.98' 95. 06

'103.60' 109. 87' 85. 47' 84. 53'72.80

124. 91'125.66' 132. 48' 157. 78117. 55'81.11

'83.41' 118. 50

72.11'99.90

' 3. 31'4.32'2.95'2.83'3.13'3.00'3.33'2.46f 2. 39'2.91

'3.47'3.09' 3. 28'2.89'3.63

2.91'2.45

'2.67'2.57'2.74'2.31

2. 14' 2. 11

2.96'3.36'3.20' 3. 73'2.86'2.14

2.332.972.09

'2.70

4.0405.7471.42

103. 7587.48

54, 130'44,799

'37.5'37.7

' 103. 132.75

128. 64133. 3998.0095.28

120.47

145. 46127. 93138. 51116.58152. 04117. 9797.17

106. 00110. 5589.6888.9979. 06

125. 08128. 52133.34151. 66116.4485.28

84.37119. 7072.80

100. 74

3.274.242.952.833.133.003.312.502.402.91

3.483.093.292.903.622 922'. 46

2.672.582.752.362.162.162.953.403.193.692.842.172.353.002.112.73

4.0615.750

54, 36245, 013

37,838.1

104. 332.76

' Revised. » Preliminary.1 Includes adjustments not distributed by months.

t See corresponding note, bottom of p. S-13.§ Wages as of Mar. 1, 1968: Common labor, $4.061; skilled labor, $5,750.




1966 1967

Annual

1967


1968

Jan. Feb.


HELP-WANTED ADVERTISINGSeasonally adjusted index _ _ 1957-59=100

LABOR TURNOVERManufacturing establishments: f

Unadjusted for seasonal variation:Accession rate, total

mo. rate per 100 employees. _New hires -- - _do_

Separation rate, total _ _ _ _ d oQuit doLayoff - do

Seasonally adjusted:Accession rate total do

New hires doSeparation rate total do

Quit doLayoff _ _ _ do

INDUSTRIAL DISPUTESStrikes and lockouts:

Beginning in period:Work stoppages _ .number. _Workers involved thous

In effect during month:Work stoppages number__Workers involved thous

Man-days idle during period _ do_ _EMPLOYMENT SERVICE AND UNEMPLOY-

MENT INSURANCENonfarm placements thous__Unemployment insurance programs:

Insured unemployment, all programs©-, -doState programs:

Initial claims doInsured unemployment, weekly avg do

Percent of covered employment:ÛnadjustedSeasonally adjusted

Beneficiaries, weekly average thous__Benefits paid mil. $

Federal employees, insured unemployment,weekly average _ _ __ . thous__

Veterans' program (UCX):Initial claims _ _ _ _ _ _ _ _ _ do_Insured unemployment, weekly avg doBeneficiaries, weekly average doBenefits paid ~ mil $

Railroad program:Applications thousInsured unemployment weekly avg doBenefits paid mil $

190

5.03.84.62 61 2

4,4051,960

25, 400

6,493

1,123

10 5751 061

2.3

8951 771

21

1822119

39 5

14520

39 3

182

4.43.24.62.31.4

P 4, 475v 2, 900

p 41, 000

5,817

1, 270

11 7601, 205

2 5

1, 0172 092 3

20

2222321

46 3

241246

40 6

189

4.33 04 52 11 5

3 64 62 51 4

27598

440190

1 270

440

1 631

1 3461 558

3 32.4

1,276224 8

23

192522

4 0

1125

3.5

190

3.62 74 01 91 3

3 44 92 51 5

325106

465151

1,280

407

1,654

1 0871,582

3.42.5

1,349219.5

24

15.2523

3 9

624

3 8

184

3.92 84 62 11 5

3 25 22 41.7

430141

575202

1 490

460

1,603

1 0611,532

3.32.6

1,374257.5

22

162422

4 2

523

4'. 2

181

3.92 84.32 21 3

3 14 72 31.5

440409

600443

2,170

476

1,423

1,0051,360

2.92.7

1,244200.6

19

142121

3 6

420

3 0

174

4.63 34 22 21 l

3 24 62 21.4

535255

695402

3,900

507

1,197

8481,142

2.42.7

1,014183.6

18

141918

3 4

317

2.8

171

5.94 54 32 31 i

3 24 82 41.4

430177

670350

4,360

537

1,070

8031,019

2 12.6925

156 1

18

171919

3 5

1514

2 5

169

4.63 34 82 11 9

3 04 42 11.6

375804

6301 0104 710

487

1,246

1 2181,184

2 42.8907

147.3

20

222418

3 1

2117

2 1

180

5.44.05.33.21.1

4 33.14.32.31.1

38586

655231

2,840

552

1,122

8721,059

2.22.6946

172.8

19

212523

4.4

1218

3.2

185

5.34.16.24.01.2

4 33.24.72.31.3

405375

670484

6,320

558

955

663894

1.82.4759

122.6

18

182221

3.7

1521

2.9

186

4.73.74.72 41 3

4 73.54.52.21.3

405158

645440

6,510

540

953

798889

1.82.4713

122.1

20

202219

3 5

5621

4 2

187

3.72 74.01 91.3

4 53 34.32.41.2

300197

530388

3,060

460

1,068

910997

2.02.3776

134.9

21

222621

4 0

5423

4.1

190

2.8'2.0'3.91 51.6

4 4'3.4r4.1

2.41.1

19065

400194

2,610

380

1,338

1,1491,259

2.62.3942

159.2

23

253326

4.6

3923

4.4

184

p4 .5p3. 0P4 .7p2 0p 1. 9

v 4 8P3.6p4.8^2.4p l .7

310135

470211

2,520

419

1,693

1,4601,624

3.32.3

1,317248.5

28

314036

6.9

252.74.7

P 191

FINANCE

BANKING

Open market paper outstanding, end of period:Bankers' acceptances mil. $Commercial and finance co paper total do

Placed through dealers doPlaced directly (finance paper) do

Agricultural loans and discounts outstanding ofagencies supervised by the Farm Credit Adm.:

Total, end of period _ _ _ mil. $Farm mortgage loans:

Federal land banks doLoans to cooperatives doOther loans and discounts do

Bank debits to demand deposit accounts, exceptinterbank and U.S. Government accounts,annual rates, seasonally adjusted:

Total (233 SMS A's)O bil $New York SMSA do

Total 232 SMSA's (except N.Y ) do6 other leading SMSA's f do226 other SMSA's do

Federal Reserve banks, condition, end of period:Assets, total 9 _ -_ _ mil $

Reserve bank credit outstanding, total 9 _.doDiscounts and advances _ _ _ _ doU.S. Government securities do

Gold certificate reserves do

Liabilities, total 9 do

Deposits, total _ ___ doMember-bank reserve balances do

Federal Reserve notes in circulation do

Ratio of gold certificate reserves to FR noteliabilities percent..

3 60313 2793 089

10 190

9 452

4 9581 2903 205

5 923 12 502 23 420 9l' 328 12 092 7

70 332

47, 192173

4.4, 28212 674

70 332

20 97219, 79440, 196

31.5

4 31717 0844 901

12 183

10 848

5 6091 5063 733

75 330

51, 948141

49, 11211 481

75 330

22 92020, 99942, 369

27.1

3 60114 7183' 449

11 269

9 560

4 9861 3233 251

6 409 12 847 33 561 81 362 22 199 6

67 493

45, 60271

43, 46412 678

67 493

20 17118, 77339, 216

32.3

3 57515 1993' 781

11 418

9 721

5 0361 3423 343

6 294 92 724 73 570 9

1 389 59 IgQ 7

67 490

45, 799165

43, 97112 626

67 490

19 §7918,91639, 115

32.3

3 70416 0344 360

11 674

9 937

5 1111*3633*463

6 315 92 756 63 559 31 386 82 172 5

67 385

46, 50742

44, 90812, 611

67 385

20 56119, 14839, 013

32.3

3 83016 2494 356

11 893

10 103

5 1751 3373 590

6 553 52 864 03 689 51 451 42 238 1

69 015

47, 26754

45, 46012 604

69 015

21 35319, 41039, 070

32.3

3 96417 0674 713

12 354

10 280

5 2481 3163 716

6 348 22 734 53 613 71 409 22' 204 5

68 862

47, 799415

46, 06612 608

68 862

20 84419, 63439, 499

31.9

4 13116 1504 934

11 216

10 435

5 3031 2963 836

6 637 22 Q04 i3 733 11 476 42 256 7

70 13 T

48, 26868

46, 71812 610

70 135

21 47419, 50539, 934

31.6

4 11617 0444 976

12 068

10 605

5 3581 3353 911

6 688 72 857 13 831 61 560 52 271 1

70 516

47, 60341

46,80412,604

70 516

20 81318, 87740, 199

31.4

4,10316 8164 979

11 837

10, 661

5 4041,3683 889

7 067 83 185 73* 882 1l' 575 02 307 1

70 126

48, 36336

46, 55512, 499

70 126

21 43319, 78940, 363

31.0

4,14616 2205 124

11 096

10, 624

5 4491,3843 790

6 799 42 952*43 847 01,513 62 333 4

71 193

48, 86074

46, 91612 510

71 193

22 07220, 68640, 413

31.0

4,13616 7775 186

11 591

10, 661

5 5021,4383 721

6 993 03 102 43 890 61 537 72 352 9

71 383

48, 873120

47, 39012, 410

71, 383

21 87720, 60440, 628

30.5

4, 21817, 1475,136

12 Oil

10, 675

5,5461,4753,654

6 997 73 100 83 896 91 557 82 339 1

73 418

50,86976

48, 93112, 392

73418

22 83720,64841, 488

29.9

4,31717 0844,901

12 183

10, 848

5,6091,5063,733

7, 047. 03, 149. 73, 897. 31,515.42, 381. 9

75, 330

51, 948141

49, 11211,481

75, 330

22, 92020, 99942, 369

27.1

4,31218, 3705,216

13, 154

11,012

5,6611,5653,785

7, 369. 43, 323. 44, 046. 01, 584. 82, 461. 2

74, 319

51,434843

'49,09211, 484

74,319

23, 61421.83841,365

27.8

73, 453

51, 047166

48, 95211, 384

73, 453

23, 03121, 18641, 211

27.6

r Re vised. p Preliminary.fSee corresponding note, bottom of p. S-13.0Excludes persons under extended duration provisions.d"Insured unemployment as % of average covered employment in a 12-month period.

OTotal SMSA's include some cities and counties not designated as SMSA's.Încludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los

Angeles-Long Beach.9 Includes data not shown separately.


March 1968 SUKVEY OF CURRENT BUSINESS S-17


1966 1967

End of year

1967

Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dee.

1968

Jan. Feb.

FINANCE—Continued

BANKING- Continued

All member banks of Federal Reserve System,averages of daily figures:

Reserves held total mil. $Required doExcess _ _ do __

Borrowings from Federal Reserve banks _ _ _ doFree reserves do

Large commercial banks reporting to Federal Re-serve System, Wed. nearest end of yr. or mo.:

Deposits:Demand, adjustedcf mil. $_.Demand, total 9 __ _ do

Individuals, partnerships, an dcorp doState and local Governments _do_--_U.S. Government _ . do ..Domestic commercial banks. . do.

Time, total 9 _ . doIndividuals, partnerships, and corp.:

Savings doOther time - _ do

Loans (adjusted) , totald" doCommercial and industrial doFor purchasing or carrying securities. doTo nonbank financial institutions do. . _Real estate loans. _ doOther loans . do

Investments, total _ doU.S. Government securities, total do

Notes and bonds doOther securities do

Commercial bank credit (last Wed. of mo., exceptfor June 30 and Dec. 31 call dates) , seas. adj. :J

Total loans and investments© _ bil $Loans© - doU.S. Government securities doOther securities do

Money and interest rates: §Bank rates on short-term business loans: t

In 35 centers percent per annumNew York City _. do .7 other northeast centers do8 north central centers _ _ _ do7 southeast centers do8 southwest centers do...4 west coast centers do

Discount rate (N.Y.F.R. Bank), end of year ormonth percent. _

Federal intermediate credit bank loans. ..do .Federal land bank loans _ _ doHome mortgage rates (conventional 1st mort-

gages) :JNew home purchase (U.S. avg.) percent..Existing home purchase (U.S. avg.) .do

Open market rates, New York City:Bankers' acceptances (prime, 90 days) _ _ _do_._-Commercial paper (prune, 4-6 months).. do _.Finance Co. paper placed directly ,3-6 mo. do....Stock Exchange call loans, going rate doYield on U.S. Government securities (taxable):

3-month bills (rate on new issue) percent..3-5 year issues do

CONSUMER CREDIT(Short- and Intermediate-term)

Total outstanding, end of year or month mil. $

Installment credit, total do

Automobile paper doOther consumer goods paper . doRepair and modernization loans . doPersonal loans doBy type of holder:

Financial institutions, total. doCommercial banks .... doSales finance companies do ..Credit unions doConsumer finance companies doOther do

Retail outlets, total . _ _ do •Automobile dealers do

Noninstallment credit, total doSingle-payment loans, total do

Commercial banks. _ " doOther financial institutions do

Charge accounts, total doCredit cards do

Service credit. _. do

i 23, 830i 23, 438

13921557

i -165

75, 120114, 76583, 1086,1373,882

13, 838

89, 639

47 21329, 002

134 76160 7796,691

11, 22827 49234 729

51 50224,80319 81626 699

2 310 22207 8

53 72 48 7

4.503 5.823 5 74

'36.14' 3 6. 30

4 5. 364 5. 554 5. 424 5. 78

4 4. 8814 5 16

94 786

74 656

30 96119 8343 751

20 110

65 56532 15516 9368 5496 0141 911

9 091490

20 130

7 8446 7141 1307 144

8745.142

i 25, 260i 24, 915

134512381107

81, 848127, 27792, 3806,2313 818

15, 752

102 921

48 86438 273

143 96666* 2908 350

10 47028 98837 700

61 80428,37122 32233* 433

344 4224 060 060 4

4.503 5 883 6 02

36.3336.40

4 4. 754 5. 104 4. 894 5. 66

4 4. 3214 5 07

99 228

77 946

31 19721 3283 731

21 690

68 27333 99216 8519 1696 2941 967

9 673506

91 989

8 2677 0641 2037 5Q51 0545.420

24,07523,702

373389-16

73, 703

111, 76879, 2156,7713 355

13, 481

92 985

46 45932 425

133 26860 3857 419

10 28027 29034 235

53 16325, 75820 24627* 405

314 4210 454 249 9

4.506 386 00

'6.45'6.60

5.235.735.506.20

4.7594 71

93 479

74 015

30 68919 6493 703

19 974

65 16232 03316 8148 4435 9691 903

8 853488

19 4647 7796 6591 1206 472

9085. 213

23,70923, 351

358362-4

72, 600109, 63579, 2546,3102,944

13, 236

94, 240

46 60933 024

132 35960 7306,7999, 942

27 16833 808

54 14725' 62921 05828* 518

318 0211 055 951 1

6.135.866 456.126.076.186.26

4.506.386 00

'6.396.50

4.885.385.195.75

4.5544 73

92 517

73 598

30 53019 4263 666

19 976

64 96631 96716, 6968 4295,9651 909

8,632485

18 9197 7546 6341 1205 824

8955.341

23, 40522, 970

435199236

72, 841

106, 59277, 4695,9373,752

12, 462

96, 133

47 09834 039

133 02761 9626 6429,612

27 13133 852

56 03826, 77021 24829 268

321 4211 357 852 3

4.506.176 00

'6.346.44

4.685.245.015. 75

4.2884 52

92, 519

73, 591

30, 52719, 3693,648

20 047

65, 00632 06816, 5938 4855,9511 909

8,585486

18 928

7 7696 6471,122

5 809898

5.350

23,36223,053

309134175

71,484110, 45577,8316,2296,150

12, 927

96, 569

46 97033, 769

134 23762,6486,9019,723

27, 08734,068

56, 03325, 32621 44630, 707

323.2213.556 153.6

4.006.036.00

'6.31'6.34

4.294.834.575.50

3.8524.46

93, 089

73, 840

30, 63519, 3763,636

20 193

65, 29832, 29916, 5908,5615,9511 897

8,542490

19 249

7 8906 7581,132

5 923922

5,436

23, 28422, 914

370101269

72, 891111,49579, 7826,2492,705

13, 490

97, 829

47,28534 707

133,10861,8366,3029,634

27, 29634, 510

56 26925,39821 54430 871

324 6213.556 155 0

5.955.676.325.915.936.046. 05

4.005.786.00

'6.25'6.29

4.274.674.415.50

3.6404.68

93, 917

74, 290

30, 85219, 4423,670

20, 326

65, 73332, 56016, 6158,6655,9471,946

8,557494

19, 627

8,0176,8481,169

6,231939

5,379

23,51823,098

420123297

73, 173109, 40379, 2445,9203,103

12, 701

98, 848

47, 73935,117

136,04363, 7846,050

10, 27027, 54735, 231

55, 78324, 12621 33531 657

325 6213.955 456.3

4.005.726.00

'6.23'6.28

4.404.654.405.50

3.4804.96

94, 813

75, 051

31, 20819, 5803,696

20, 567

66, 45232, 96616, 7218,8265,9951,944

8,599502

19, 762

8,0776,9021,175

6,334965

5,351

23, 90723, 548

35987

272

74,348112, 45981, 0306,0893,458

13, 445

100 731

47 83636 604

137 27063 4457 4559 907

27 79734 992

58 26826, 00421 04132 264

332 4217 158 856 5

4.005.636.00

'6.31'6.30

4.584.924.705.50

4.3085.17

95, 115

75, 348

31, 36419,6073,711

20, 666

66,78133, 23516, 7478,8646,0091, 926

8,567506

19, 7678,1006, 9271,173

6, 3461,024

5,321

23,79123,404

38789

298

73, 321107, 68679, 1575,5032,322

12, 643

101, 827

47, 95737, 449

135, 48862, 1897,0249,495

28, 09435, 273

59,32126, 90322, 27432, 418

337.3218.261 857.3

5.955.666.295.925.926.016.02

4.005.626.00

'6.28'6.34

4.775.004.755.50

4.2755.28

95, 684

75, 889

31, 45519, 7553,743

20 936

67, 27333, 53616, 7558,9916,0361,955

8,616508

19, 795

8,1366,9501, 186

6,3681,057

5, 291

24, 20023,842

35890

268

74,395

113,04381,4445,6655,353

12,846

101,659

48, 34937, 174

138, 00963,3727,247

10, 18528, 33735, 466

59, 71727, 04321, 97832, 674

339.5220.261.657.7

4.005.646.00

'6.31'6.36

4.765.004.775.50

4.4515.40

95, 886

76, 039

31,29619, 9143,742

21, 087

67, 37633, 63716, 7019,0266,0671,945

8,663507

19, 847

8,1796,9941,185

6,3871,083

5,281

24,60824, 322

286126160

77,183

118, 62584,8086,6834,031

13,960

102, 189

48,43837,949

139, 22063, 401

7, 79110,42828, 53135, 730

61,67728,91521,84232, 762

342.6221.8

62 358.6

4.005.666.00

'6.34'6.39

4.885.074.965.50

4.5885.52

96,094

76, 223

31, 23720, 0423,746

21, 198

67, 51333, 72316, 6989,0546,0861,952

8,710506

19, 8718,1897,0011,188

6,4711,0565,211

24,74024,337

403133270

76,649

113, 42183, 5215,6073,368

12, 774

102,969

48, 53338, 788

138,20463, 7336,8179, 773

28,75435,597

61, 48528,40022, 43633, 085

344.3222. 361.860.2

5.965.716.295.915.946.036.03

4.505.786.00

'6.33'6.42

4.985.285.175.68

4.7625.73

96, 802

76,680

31,21720,3403,748

21, 375

67, 76333, 81916, 7229,1136,1381, 971

8,917506

20, 122

8,2377,0341,203

6,6141,046

5,271

25, 26024, 915

345238107

81,848

127, 27792, 3806,2313,818

15, 752

102, 921

48,86438, 273

143, 96666, 2908,350

10, 47028, 98837, 700

61, 80428,37122,32233, 433

344. 4224.060.060.4

4.505.826.24

' 6. 416.51

5.435.565.436.00

5.0125.72

99, 228

77, 946

31,19721, 3283,731

21 690

68, 27333, 99216,8519,1696,2941,967

9,673506

21 282

8 2677,064

' 1, 203

7, 5951,0545,420

'25,834'25,453

r381237

'144

78, 598'120,12886, 0536,3015,467

13, 298

104,178

48, 51639, 639

141, 76264, 9948,3609, 676

29, 03536, 293

62, 05728,08022, 05733, 977

348.4227.2

59 162.1

4.505.986.68

6.39

5.405.60

'5.466.00

5.0815.53

98, 225

77, 467

31, 06121, 0973,678

21, 631

68,07634, 01716, 7759,0636,2511,970

9, 391504

20, 758

8,2887,0751,213

6,9701,081

5,500

25, 61025, 220

39036129

75, 721

116, 45682, 7615,9846, 515

12, 785

104, 961

48, 62039, 910

140, 51165, 0577,5629,303

29, 10636, 431

62, 92728, 73823 87134, 189

352.4228.361 862.3

4.50

6.466.57

5.235.505.256.00

4.9695.59

' Revised.! Average for Dec. 2 Effective with the June 9 change in Federal Reserve regulations,

data exclude loan balances accumulated for payment of personal loans (about $11 bil.); begin-ning June 30, about $1 bil. of certificates, formerly in "other loans," are in "other securities."3 Average for year. 4 Daily average.

cf For demand deposits, the term "adjusted" denotes demand deposits other than domesticcommercial interbank and U.S. Government, less cash items in process of coUection; for

loans, exclusive of loans to domestic commercial banks and after deduction of valuationreserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).

9Includes data not shown separately. {Revised monthly data for commercial bank credit(1948-66) appear in the Sept. 1967 Fed. Reserve Bulletin; those for home mortgage rates for1965-66 will be shown later. ©Adjusted to exclude interbank loans. §For bond yields,see p. S-20. fBeginning Feb. 1967, series revised to cover 35 centers and exclude rates forcertain loans formerly included (see May 1967 Federal Reserve Bulletin).




1966 1967

Annual

1967


1968

Jan. Feb.

FINANCE—Continued

CONSUMER CREDIT— Continued

Installment credit extended and repaid:Unadjusted:

Extended, total mil. $Automobile paper doOther consumer goods paper doAll other ^ do

Repaid, total doAutomobile paper doOther consumer goods paper doAll other do

Seasonally adjusted:Extended, total do

Automobile paper doOther consumer goods paper _ _ doAll other do

Repaid, total- _ . d oAutomobile paper doOther consumer goods paper doAll other do

FEDERAL GOVERNMENT FINANCE

Net cash transactions with the public: d"Receipts from mil $Payments to doExcess of receipts or payments ( — ) doSeasonally adjusted, quarterly totals: §

Receipts from bil $Payments to doExcess of receipts or payments ( — ) do

Receipts and expenditures ("national income andproduct accounts basis), qtrly. totals, seas,adj. at annual rates:

Receipts bil $Expenditures doSurplus or deficit ( — ) do

Budget receipts and expenditures:Receipts total mil $

Receipts, netf doCustoms do

Individual income taxes doCorporation income taxes doEmployment taxes doOther internal revenue and receipts do

Expenditures totalf doInterest on public debt doVeterans' benefits and services _ doNational defense doAll other expenditures do

Public debt and guaranteed obligations:Gross debt (direct), end of yr. or mo., totaL.bil. $_.

Interest bearing, total doPublic issues _ do

Held by U.S. Govt. investment accts.doSpecial issues do

Noninterest bearing and matured __do

Guaranteed obligations not owned by U.S. Treas-ury, end of year or month _ _ _ _ _ bil. $

U.S. savings bonds:Amount outstanding, end of yr. or mo___doSales, series E and H doRedemptions ,do

LIFE INSURANCE

Institute of Life Insurance:Assets, total, all U.S. life insurance companies J

bil. $._Bonds (book value), total doStocks (book value) total doMortgage loans, total do

Nonfarm do

Real estate doPolicy loans and premium notes doCash _ doOther assets do

Payments to policyholders and beneficiaries inU.S., total mil. $__

Death benefits doMatured endowments doDisability payments do

Annuity payments doSurrender values doPolicy dividends _ do

78,89628, 49123, 50226, 903

72,80526, 37321, 36125, 071

145, 136150, 868-5, 731

143.2142.9

.3

146, 863110,802

1,930

66,15131, 98624, 05922, 736

118, 07812, 7525,838

64, 27135, 872

i 329. 32i 325. 02i 273. 031 16. 69i 51. 99

i 4, 30

1.49

i 50. 924.866.00

i 167. 02i 71 9018.76

i 64. 61i 59. 37

i 4 8819.12i 1 53»6.23

12, 342. 25, 218. 2

981.6169.3

1, 152. 62, 120. 62, 699. 9

81, 26327, 22125, 78728,255

77,97326,98524, 29326,695

156, 300163, 571-7,270

151.8164.312 5

160,057117,708

1,989

72, 08834,21827,91723,845

131,69813, 7696,288

76, 25236, 058

i 344. 66i 341. 19i 283. 96i 18. 70i 57. 23

13.47

1.55

i 51. 714.905.79

13,293.65, 665. 31, 017. 1

174.6

1,261.32, 243. 12, 932. 2

5,6741, 9231,8081,943

6,3152,1951,9932,127

6,5012,2402,0312,230

6,2212,2021,8822, 137

11, 25111,641-390

11, 3249,386

160

6,749823

1,6731,918

9,9871,173

4676,2012,238

328. 87324.94273. 69

16.9051.25

3.93

.50

50.93.49.63

168.2172.347.50

65.1959.96

4.889.251.407.64

1, 048. 2456. 093.214.8

116.5177.7190.0

5,4881,9161, 6551,917

5,9052,0751,8781,952

6,4972,1772,0992,221

6,2812,2171,9152,149

12,30811, 852

456

12, 0467,757

134

6,212635

3,3521,713

9,4591,108

5625,7582,048

329.62325. 69274. 20

18.0451. 49

3.93

.51

51.01.43.47

168.9372.597.58

65.5060.26

4.899.341.337.70

968.1416.680.013.4

98.8167.1192.2

6,6412,3501,9852,306

6,6482,3532,0422,253

6,5102,1992,0492,262

6,2462,1931,8992,154

14, 49013, 1671,323

39 238 S

4

149 1160.911 9

16, 52711, 395

170

5,0166,7282,3532,261

11, 6991,154

5486,8933,112

330. 95327. 01274.9518.5152.06

3.94

.51

51.09.46.52

169. 8672.817.81

65.8060.52

4.929.441.267.82

1, 236. 8542.395.916.5

108.1206.0268.0

6, 4952,2941,9272,274

6,2462,1861,9202,140

6,6062,2172,0952,294

6,3932,2351,9682,190

17,07011, 1895,881

19,22513, 534

150

9,8074,2953,1571,817

9,4641,127

4806,3031,567

327. 80323. 88272. 2318.6551.65

3.93

.51

51.16.39.45

170. 5772.987.91

66.0260.72

4.949.541.188.00

1, 034. 1454.582.713.7

99.3189.6194.3

7,0622,5592,0742,429

6,6122,3422,0082,262

6,5542,2382,0322,284

6,3612,2191,9482,194

11, 29514, 445

-3, 150

12,0726,289

166

5,6871,0653,0332,120

10,9151,103

5656,1253,130

330.89326.99271. 8219.3355.17

3.89

.51

51.24.44.48

171. 2473.268.00

66.2560.92

4.959.621.357.80

1, 103. 2492.185.615.1

101.1195.7213.6

7,4582,6782,1552,625

6,6972,3222,0172,358

6,8232,3382,0812,404

6,5312,2811,9952,255

21,50112, 7628,739

38.538.1

.4

148.1162.8

—14.7

22,07218,304

176

7,2759,3282, 5662,728

10, 1311,127

4286,1132,505

326.22322. 29266. 13

19.5556.16

3.94

.51

51.30.41.50

171. 8873.488.12

66.4161.04

4.999.701.307.89

1, 137. 5477.487.917.5

102.2199.2253.3

6,8592,3962,0712,392

6,5622,2402,0442,278

6,7762,2662,1472,363

6,5512,2282,0742,249

8,93814,538-5, 600

9,0186,371

160

4,107946

1,9701,835

11, 5021,142

5436,4253,440

330.64327. 13270. 9219.1656.21

3.50

.52

51.41.41.47

173. 1374.378.34

66.3260.92

5.039.741.467.87

969.0429.671.613.5

102.5169.2182.6

7, 2232,3922,2292,602

6,6822,3012,0812,300

6,9292,2852,2122,432

6,5852,2402,0792,266

11, 76616, 325

-4, 559

10, 7687,301

178

5,375642

2,6461,927

12, 7301,128

5506,7924,364

335. 85332. 41274. 1018.8358.31

3.44

.52

51.46.39.48

173. 8474.768.46

66.5161.07

5.059.811.347.92

1, 166. 8509.777.513.3

102.8198.0265.5

6,5902,0422, 2052,343

6,4402,2012,0462,193

6,9732,3222,2342,417

6,6892,2802,1062,303

15, 17614,201

975

38.543.4

-4.9

152.7165.9

-13.2

15,09012, 404

163

7,1004,0322,1061,689

12,4681,145

5436,5864,257

335. 90332. 45274. 7118.6157.74

3.45

.52

51.50.35.46

174. 6674.968.62

66.7061.24

5.089.881.348.09

1, 118. 8453.978.816.6

121.0180.6267.9

6,9122,3552,2152,342

6,7282,4142,0872,227

6,9422,3212,1652,456

6,6312,3012,0932,237

8,73914,815

-6,076

8,9796,823

179

4,468913

1,3902, 029

11, 5301,154

5096,6283,391

340. 50337. 04279. 8718.6857.17

3.46

.52

51.59.40.44

175. 3975.378.72

66.8861.40

5.109.931.437.95

1, 078. 1465.487.113.0

109.8184.2218.6

7,0322,2222,3752,435

6,5752,2422,0772,256

7,0322,3052,2422,485

6,6142,2402,1052,269

11, 03215, 202

-4, 170

10, 2257,529

193

5,463588

2, 1071,872

11, 7301,174

5866,4113,570

345. 09341. 57284. 2018.8057.37

3.52

.54

51.67.37.43

176. 1875.638.84

67.1061.60

5.1610.001.458.01

1, 059. 6447.396.014.3

107.4184.0210.6

7, 8292,0943,0882, 647

6,5632,1142,1002,349

7,0352,3062,3212,408

6,6522,2502,1672,235

12, 73413,434-699

38.843.3

-4.5

157.4167.9

-10.5

12,71110, 616

160

4,8284,2241,5651,935

10, 0841,234

4176,0172,436

344. 66341. 19283.9618.7057.23

3.47

.55

51.71.35.47

177. 2075.499.00

67.6062.04

5.1810.081.568.30

1, 373. 4520.580.812.9

91.8191.8475. 6

6,3632, 1781,9922,193

6,8422,3142,2232,305

7,0892,4372,2232, 429

6,6912,3022,0882,301

8,152940

1,517

346. 26342.81286. 8818.7055.93

3.45

.55

51.70.46.63

351. 56348. 31291. 07

57.24

3.24

.55

51.73.42.53

r Revised. *> Preliminary.1 End of year; assets of life insurance companies are annual statement values.cfOther than borrowing. § Revisions for 1958-66 appear in the Treasury Bulletin (Dec.

IfData for net receipts and total expenditures reflect exclusion of certain interfundtransactions.

tRevisions for Apr.-Dec. 1966 will be shown later.


March 1968 SURVEY


1966 1967

Annual

OF. CURRENT BUSINESS S-19

1967


1968

Jan. Feb.

FINANCE—Continued

LIFE INSURANCE— ContinuedLife Insurance Agency Management Association^

Insurance written (new paid-for insurance) :Value, estimated total mil $

Ordinary _ doGroup and mass-marketed ordinary _ doIndustrial - do

Premiums collected:Total life insurance premiums do

Ordinary.... _. _ doGroup and mass-marketed ordinary do. _ _Industrial . ... do

MONETARY STATISTICSGold and silver:

Gold:Monetary stock, U.S. (end of period) __ .mil. $_.Net release from earmark! _•_ doExports thous $Imports doProduction, world total mil. $

South Africa.. doCanada doUnited States do

Silver:Exports . _ __ • thous $Imports.. _ doPrice at New York dol per fine ozProduction:

Canada thous. fine oz.Mexico doUnited States do

Currency in circulation (end of period) bil. $_Money supply and related data (avg. of daily fig.) :

Unadjusted for seasonal variation:Total money supply... bil. $

Currency outside banks.. . _ doDemand deposits _ do

Time deposits adjusted! doU.S. Government demand deposits do

Adjusted for seasonal variation:Total money supply do

Currency outside banks.. .doDemand deposits . _ do

Time deposits adjusted^ doTurnover of demand deposits except interbank and

U.S. Govt., annual rates, seas, adjusted'.Total (233 SM S A 's)O ..ratio of debits to deposits. _

New York SMSA doTotal 232 SMSA's (except N.Y.). _ do

6 other leading SMSA'stf do226 other SMS A 's__. do

PROFITS AND DIVIDENDS (QTRLY.)Manufacturing corps. (Fed. Trade and SEC):

Net profit after taxes, all industries mil. $Food and kindred products do. _Textile mill products .doLumber and wood products (except furniture)

mil. $.Paper and allied products _ doChemicals and allied products doPetroleum refining doStone, clay, and glass products _ doPrimary nonferrous metal do.Primary iron and steel doFabricated metal products (except ordnance,

machinery, and transport, equip.) mil. $Machinery (except electrical) do.Elec. machinery, equip., and supplies do...Transportation equipment (except motor

vehicles, etc.) mil. $Motor vehicles and equipment doAll other manufacturing industries do.

Dividends paid (cash) , all industries do. _Electric utilities, profits after taxes (Federal Re-

serve) mil. $

SECURITIES ISSUEDSecurities and Exchange Commission:

Estimated gross proceeds, total . mil. $By type of security:

Bonds and notes, total do.Corporate __ _ do

Common stock doPreferred stock do

By type of issuer:Corporate, total $ do

Manufacturing doExtractive (mining).. doPublicutility doRailroad doCommunication doFinancial and real estate do

r!21 990r 87 332r 27 580

r 7 078

16, 09012 0632,6601 367

13, 159-50

457 33342 004

2 1, 445. 01,080 8

114. 663.1

114 32578 3781 293

32,82041, 98445,047

44.7

169 837.5

132 33 154. 0

4.9

52.8109.438.350.133.3

30, 937* 2, 102

702

345911

3, 4745,055

7991,2981,487

1,3953,0582,379

8213,053

* 4, 05812, 958

2 764

45 015

42, 50115,5611 939

574

18 0747,070

3753,665

3392 0031,941

*141 79993 488

i 41, 2577 054

16, 90612 6682,9071 332

11,982-86

1 005 19932 547

1 061 6

104 77680 1781 550

47.2

176 439.4

137 0173.2

5.0

68 514

65, 67021 9541 959

885

24 79811,058

5874,935

2861 9792,433

r 8 536r 6 439r I 551

r 546

1,3461 038

201107

13, 157-15170

1 612

89 58 7

14 7557 4941 293

2,9662.9133 956

43.4

175 338 5

136 8160.7

4.1

170.338.5

131 8160.8

57.2124.739.450 934.8

5 091

5,0001,593

4051

1 684649

2722251

296267

r 9 566r 6 864r2 135

r 567

1,28396422693

13, 107-23

563 348

87 88 9

9 0186 3991 293

2,5043,2453 927

43.6

170 638 3

132 3164.0

5.0

171.538.7

132 8163 5

55.6119.439.452 634.2

7,523

7,3671,262

13917

1,41857015

27920

106248

rll 992r8 392r 2 959

r 641

1,4601 115

244101

13, 10712

2851 494

89 59 1

10 6936 1361 293

3,3533.4693 59843.6

171 938 5

133 4166.7

4.9

173.138.9

134 2166 1

54.8117 239.151 233.9

6,748451105

* 51< 191

7861,341

67325296

321674527

162620831

3,185

799

5,253

5,1102,219

11924

2, 3621,283

3551042

14792

r!0 715r 7 615r2 484

r 616

1,3311 014

21899

13, 109—3162

2 326

89 18 9

11 0728 4511 293

3.2243,1144 15143.7

173 638 7

134 9168.8

4.8

172.739 1

133 6168 1

57.7123 040.854 235 1

4,229

3,9911,778

94144

2 0151,153

2940112

109143

rll 925r8 280r 3 002

r 643

1,4761 104

267105

13, 1093

632 239

91 28 9

15 1498 1591 296

4,0202,3043 280

44.4

171 138 9

132 2170.8

6.5

174. 539.2

135 3170.0

54.8115 239.252 033.9

4 002

3,8441 361

11147

1 51859830

4262792

102

rii 370r 8 140r 2 644

r 586

1 3611 041

22595

13, 110

4902 530

89 19 1

19 78610 1201 301

3 4036 0784 19444.7

174 339 3

135 1173.0

3.9

176.239 3

136 8172 4

56.5120 040.153 434 4

7,596506124

82205849

1,344194311296

368840564

199831883

3 266

666

5 373

5,0432 343

31317

2 6741,334

4047733

354149

r 9 739r 7 201r 1 956

r 575

1,3991 054

241104

13, 1081

772 041

88 98 4

2 9124 0211 593

2,7292,1292 461

44.9

175 839 6

136 2175! 1

5.6

177.939 5

138 4174 6

56 8119 840.755 534 5

r 4, 375

' 4, 161'2 375

13084

2 590963

'1634763540

'279

r!0 626r 7 838r 2 222

r 566

1,405^ 1 050

25798

13,008— 17104

3 331

90 58 3

1 7228 5201 750

2 6913,020

89245.1

175 939 6

136 2177.7

4.3

179.139 6

139 6177 2

59 0128 541.156 634 6

10 625

10, 3762 231

144105

2 4811,263

1653624

359122

r!0 140r 7 277r 2 298

r 565

1,31599023193

13,0061

2268 219

89 98 0

4 0945 8391 680

2 928

1 366

45.0

178 439 8

138 6178.9

5.0

179.239 8

139 5178 9

57.4120 640.855 435 1

6,718584140

102190767

1,335216192227

305687540

199193

1,0413 079

717

4 218

4,0041 549

17341

1 76365416

26920

202187

rll 683r8 428T2 650

r 605

1,4441 107

232105

12,905—873

1 771

84 18 6

2 4803 2961 786

3 390

1 235

45.4

180 640 0

140 6180. 3

6.2

180.339 9

140 3180 8

58 3125 54o!s54 635 i

4 609

4,1411 940

238231

2 409930

65647

7121392

rll 425r 8 428r 2 424

r 573

1,3721,040

23596

12,908-32969

1 126

90 08.2

6 8596 7591 953

3 134

64446.5

182 540 4

142 1181.1

5.2

181.240 0

141 2182 5

58.4130 241.255 734 8

8 732

8,4281 196

22281

1 50052725

410o83

176

rl24 089T 8 586

rl!4,932r 571

1,7151,151

328235

11, 982—221

1 002 5232 510

82 0

6 2364 9849 ftfifi

47.2

187 241 2

146 0181.8

5.0

181.540 4

141 1183 8

58 5122 141.154 635 3

4,483

4,2062,107

23542

2,3851,135

1262821670

277

9 1227, 1981,423

501

1,4211,088

230103

11, 98452

1 5033 201

90 3

12 90310 9221 990

45.8

r 187 8

40 5r 147 3

183.54.9

' 182. 440.5

r 141 9183.7

60.2128. 541.655.636.0

4,539

4,2131,431

27947

1,75755740

4259

185259

11, 882

1 R1^

181 740 3

141 4.185. 5

7.1

182.640 7

141 9185 0

r Revised. i Includes $8.3 bil. coverage on Federal employees. 2 Estimated; excludesU.S.S.R., other Eastern European countries, China Mainland, and North Korea. ' Be-ginning June 1966, data exclude balances accumulated for payment of personal loans (amount-ing to $1,140 million for week ending June 15). * Beginning with the period noted, datareflect reclassification of companies between industries and are not strictly comparable withthose for earlier periods.

% Revisions for months of 1966 will be shown later. § Or increase in earmarked gold ( — ) .H Time deposits at all commercial banks other than those due to domestic commercial banksand the U.S. Govt. O Total SMSA's include some cities and counties not designated asSMSA's. cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,and Los Angeles-Long Beach. 9 Includes data not shown separately.




1966 1967

Annual

1967

Jan. Feb. Mar. Apr. May June July Aus. Sept. Oct. Nov. Dec.

1968

Jan. Feb.

FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commission— ContinuedEstimated gross proceeds—Continued

By type of issuer— ContinuedNoncorporate, total 9 mil $

U.S Government doState and municipal do

New corporate security issues:Estimated net proceeds total do

Proposed uses of proceeds:New money , total do

Plant and equipment doWorking" capital do

Retirement of securities doOther purposes do

State and municipal issues (Bond Buyer) :Long-term _ _ _ _ _ _ _ _ do.Short-term do

SECURITY MARKETS

Brokers' Balances(N.Y.S.E. Members Carrying Margin Accounts)

Cash on hand and in banks mil $Customers' debit balances (net) doCustomers' free credit balances (net) do

Bonds

Prices:Standard & Poor's Corporation:

Industrial, utility, and railroad (A A A issues):Composited1 dol per $100 bond

Domestic municipal (15 bonds) do

U.S. Treasury bonds, taxable^ do

Sales:Total, excl. U.S. Government bonds (SEC):

All registered exchanges:

Face value doNew York Stock Exchange:

Market value doFace value do

New York Stock Exchange, exclusive of somestopped sales, face value, total mil. $

Yields:Domestic corporate (Moody's) percent

By rating:Aaa _ __ doAa _do_ _ _A doBaa _ _ do

By group:Industrials _ _ _ doPublic utilities. do_ ..Railroads do

Domestic municipal:Bond Buyer (20 bonds) _ __do_ __Standard & Poor's Corp. (15 bonds) do

U.S. Treasury bonds, taxable© - do_

Stocks

Dividend rates, prices, yields, and earnings, com-mon stocks (Moody's):

Dividends per share, annual rate, compositedollars. .

Industrials doPublic utilities _ _ . do.Railroads doN.Y. banks do.Fire insurance companies _. do

Price per share, end of mo. , composite doIndustrials do__.Public utilities. doRailroads _ . . do_

Yields, composite percent. _Industrials _ _ _ doPublic utilities _ doRailroads doN.Y. banks _ doFire insurance companies _ do

Earnings per share (indust., qtrly. at ann. rate;pub. util. and RR., for 12 mo. ending each qtr.):

Industrials dollarsPublic utilities doRailroads _._do

26 9418 231

11 089

17 841

15 80612 4303 376

2411 795

11, 0896,524

i 6091 5 387i i 637

86.1102.6

78.63

4 261 123,740.48

4,100.863,589.62

3, 092. 79

5.34

5.135.235.355.67

5.305.365.37

3.833.82

4.66

8.259 174.114.455.066.85

230. 88266. 77102. 9092.65

3.573.443.994.804.042.92

16. 786 309.34

43 71619 43114, 288

24, 409

22 23016, 1546 076

3121,867

14, 2888,025

1 7911 7 948i 2 763

81.8100.5

76.55

fi AQ7 4.Q

5 393. 60

5, 428. 004 862.47

3, 955. 54

2 5.82

25.515.665.866.23

5.745.81

2 5. 89

3.963.98

4.85

8.269 034.344 625.357.82

246. 54290. 05101 8795 91

3.353 114.264 823 873.47

15 756 66

3 407494

1 450

1 669

1 5221 135

38821

125

1 450454

6735 3751 914

85.9106.0

81.54

44.fi 77417 53

428. 29400 29

328. 21

5.50

5.205.305.535.97

5.455.425 63

3.403.58

4.40

8.299.154.184.635.227.53

233. 54266. 77108. 1293.13

3.553.433.874.973.792.93

6 1054* 1541 159

1 400

1 3759184*V7

1

24

1 159756

6855 4451 936

86 4106.4

80.73

XAQ f\C\

350 65

385 34330 33

258 78

5.35

5 035.185 385.82

5 335.255 48

3.603.56

4.47

8.309 164.204.635.287.81

233. 23267. 35105. 1892.56

3.563.433.995.003.943.17

2 891459

1 437

2 334

2 1781 755

42317

139

1,437634

7135 8032 135

85 6105. 8

80.96

394 94

451 87374 71

281. 42

5.43

5.135.235.495.85

5.395.375.51

3.543.60

4.45

8.329.174.274.635.287.81

242. 02278. 90106. 8193.52

3.443.294.004.953.843.28

14.706.378.85

2 213393

1 129

1 985

1 8911 352

5391282

1,1291 197

7015 8969 Q7g

85 4104.9

80.24

333 15

349 76309 72

279. 94

5.42

5.115.265.465.83

5.375.375 51

3.693.66

4.51

8.339.184.274 635.287.81

251. 52293. 28108. 9093.60

3.313.133.924.953.833.31

2 483438

1 209

1 493

1 4181 082

3361956

1,209951

6735,9662,220

83.4101.1

77.48

534 32451 62

484. 92413 73

329. 41

5.56

5.245.425.605.96

5.465.595.62

3.963.92

4.76

8.198.954.324.635.287.81

238. 37277. 83102. 5894.89

3.443.224.214.883.963.51

2 700*410

1 461

2 631

2 3631 832

53120

248

1,461531

6866,1952,231

81.7100.2

76.37

539 46464. 38

463. 58406. 43

326. 62

5.75

5.445.635.776.15

5.645.805.80

4.063.99

4.86

8.208.954.384.635.297.81

242. 22282. 15100. 7397.92

3.393.174.354.733.983.43

16.076.428.30

1 786415925

r2 543

r 2 179r i 531

r 64789

275

925286

6986 636o 341

81.199.3

76.39

KA-t Q1

455 80

468 83402 31

358 94

5 86

5 585 725 886 26

5 795 915 88

3 914.05

4 86

8.218 964 394 655 297.81

252 69298 94103 04105 56

3.253 004.264 413 683 53

8 1456 458

840

2,440

2, 1841,717

46734

222

840752

7326,6772,281

80.399,6

75.38

529 22471. 09

466. 98422. 84

326. 09

5.91

5.625.765.946.33

5.845.965.94

4.064.03

4.95

8.218.964.394.655.307.81

249. 02295. 0999. 63

104. 99

3.303.044.414.433.693.54

2 455362

1 273

1,733

1,5811,080

50110

142

1,273603

7206,9432,401

80.098.0

75.04

494 25439. 68

438. 28385. 75

319.92

6.00

5.655.876.066.40

5.936.026.03

4.194.15

4.99

8.228.964.394.655.487.81

257.40307. 3599.76

101.22

3.192,924.404.593.773. 57

13.506.53

2 200422991

2,367

2,1201,459

66279

168

991764

776r 7, 111

2 513

78.595.8

73.01

634 15559. 18

553. 63494. 43

403. 06

6.14

5.826.016.196.52

6.056.126.24

4.274.31

5.18

8.239.004.404.585.487.81

251. 90302. 8893.6391.88

3.272.974.704.983.893.85

7,2325,0541,320

1,470

1,305914391

3163

1,320767

791'7,200

2,500

76.895.2

70.53

567 12536. 43

496. 10475. 48

382.38

6.36

6.076.236.436.72

6.286.396.42

4.424.36

5.44

8.288.924.414.555.488.09

250. 32300. 8495.9290.80

3.312.974.605.014.064.02

2,099371

1,093

2,344

2,1131,379

7348

223

1,093330

7917,9482,763

75.993.6

71.22

531 62519. 14

440. 43446. 45

360. 78

26.51

26.196.356.586.93

6.396.57

26.63

4.444.49

5.36

8.308.954.444.555.577.95

256. 30309. 1998.1990.86

3.242.894.525.014.063.78

18.806.66

2,782481

1,162

1,718

1, 6061,200

4063083

T 1, 162r 569

8887,7972,942

77.295.5

73.09

552 08503.57

437. 51422. 35

333. 25

6.45

6.176.296.486.84

6.346.476.65

4.164.34

5.18

8.419.124.444.555.577.95

247. 26294. 1897.7588.59

3.403.104.545.143 933.63

1,102563

77.594.8

73.30

268. 61

6.40

6.106.276.416.80

6.316.366.65

4.444.39

5.16

8.429.124.454.525.698.08

241. 14286. 9997.1585.80

3.493.184.585.273.773.99

»• Revised. i End of year. 2 Beginning Dec. 18, 1967 Aaa railroad bonds not'included.9 Includes data not shown separately.cTNumber of bonds represented fluctuates; the change in the number does not affect the

continuity of the series.^ Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.OFor bonds due or callable in 10 years or more.




1966 1 1967

Annual

1967


1968

Jan. Feb.

FINANCE—Continued

SECURITY MARKETS— Continued

Stocks— Continued

Dividend yields, preferred stocks, 10 high-grade(Standard & Poor's Corp.) percent--

Prices:Dow- Jones averages (65 stocks) _

Industrial (30 stocks)Public utility (15 stocks)Railroad (20 stocks) _ _

Standard & Poor's Corporation :c"Industrial, public utility , and railroad:

Combined index (500 stocks) 1941-43 =10_ .

In dustrial, total (425 stocks) 9 _ _ __ do_._Capital goods (122 stocks) doConsumers' goods (181 stocks) do

Public utility (55 stocks) doRailroad (20 stocks). _ _ do

Banks:New York City (10 stocks) . do_Outside New York City (16 stocks) _ _ . _ do. _

Fire and casualty insurance (20 stocks).., _ do

New York Stock Exchange common stock indexes:Composite 12/31/65=50._

Industrial doTransportation _ doUtility doFinance do

Sales:Total on all registered exchanges (SEC) :

Market value _ _ mil $Shares sold _ __ millions

On New York Stock Exchange:Market value - mil $Shares sold (cleared or settled) millions

New York Stock Exchange:Exclusive of odd-lot and stopped stock sales

(sales effected) millions. .

Shares listed, N.Y. Stock Exchange, end of period:Market value, all listed shares bil. '$__Number of shares listed.. ._ millions

4.97

308. 70873. 60136. 56227. 35

85.26

91.0884.8674.1068.2146.34

33.3263.80

64.55

46.1546.1850.2645.4144. 45

123, 0343,188

98, 5652,205

1,899

482. 5410, 939

5.34

314. 79879. 12132. 65242. 38

91.93

99.1896.9679.1868.1046.72

36.4066.46

62.29

50, 7751.9753.5145.4349 82

161, 7524,504

125, 3292,886

2,530

605. 8211, 622

5.07

298. 28830. 56138. 64220. 11

84.45

89.8882.7069.9770.6344.48

37.0869.90

70.03

46.0245.6151.3846.4347.53

11, 653320

9,320224

208

522. 7510, 989

4.98

305. 65851. 12138. 03228. 69

87.36

93.3586.7273.7870.4546.13

35.6267.09

.68. 99

47.8047.7252. 5647.0348.71

11,181316

8, 792216

183

527. 0411, 046

5.04

307. 70858. 11135. 96231. 98

89.42

95.8690.0875.1070.0346.78

35.3266.00

65.86

49.0249.0255.1947.8848.17

14, 515418

11, 465268

225

549. 4911, 073

5.03

309. 45868. 66139. 29228. 77

90.96

97. 5492.3777.5371.7045.80

36.0166.56

64.86

49.9250 1954.6048.0748.37

11, 777323

9,232206

188

572. 6411,114

5.17

315. 57883. 74137. 15238. 27

92. 59

99.5995.1079.1370.7047.00

35.4365.81

62.60

51.0051 7855.7647.2048 17

14, 411397

11 335257

219

546. 6511, 199

5.30

318. 12872. 66131. 92253. 90

91.43

98.6196.3478.9467.3948.19

35.3563.97

61.34

50.5451.5554.9745.9547.51

13, 891374

10, 801243

213

559. 5011, 277

5.34

327. 23888. 51132. 72267. 65

93.01

100. 3898.3581.2767.7749.91

36.7665.95

62.56

51. 6753 1357.3044.8749 85

r!3 313393

10 114241

217

586. 4111, 326

5.35

329. 62912. 46132. 43262. 85

94.49

102. 11101. 0183.8868.0350.43

37.8967.34

58.95

52.4654 2056.8044.6951 24

14, 023392

10,920251

208

581. 9911,374

5.41

330. 87923. 45131. 33261. 79

95. 81

103 84104. 1784.6267.4549.27

38.3967.99

60.84

53.2355 2854 8944.5752 98

13 092369

9 964228

205

600. 9411, 433

5.59

321. 30907. 54126. 08250. 55

95.66

104. 16106. 6483.6064.9346.28

37.8367.43

58.66

53.1355 6251.5643.3352 69

14, 499409

11, 006249

225

583. 1311, 484

5.79

303. 88865. 43123. 05230. 74

92.66

100. 90103. 5880.4763.4842.95

35. 6564.60

55.84

51.4053 7948. 4342.3950 19

14, 478381

11,193242

212

586. 1711, 568

5.95

309. 78887. 20125.19233.20

95.30

103. 91106.4181.9264.6143.46

35. 5264.83

56.99

53.0655 8048.7342.7552.37

14 919412

11, 186262

230

605.8211, 622

5.70

312. 05884. 77132. 48233. 76

95.04

103. 11102. 8781.0668. 0243.38

37.1867.64

59.42

53.2455 4547.9044.8755 89

17, 662518

12,914298

263

582.9411, 696

5.65

299. 84847 20128. 87224. 63

90.75

98. 3398. 1377. 9965.6142. 35

38.4670.66

56.61

50.6852 6345 1543 3653 88

174

564. 1511, 796

FOREIGN TRADE OF THE UNITED STATES

FOREIGN TRADE

Value

Exports (mdse.), incl. reexports, total mil. $..Excl. Dept. of Defense shipments do

Seasonally adjusted . . do

By geographic regions:Africa doAsia doAustralia and Oceania doEurope do

Northern North America doSouthern North America doSouth America do

By leading countries:Africa:

United Arab Republic (Egypt) doRepublic of South Africa do

Asia; Australia and Oceania:Australia, including New Guinea doIndia . doPakistan. doMalaysia _. do

Indonesia . doPhilippines doJapan do

Europe:France doEast Germany doWest Germany do

Italy doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada mil. $._

r Revised. cf Number of stocks represents nunumber does not affect continuity of the series.

30,319.629,379.2

1, 348. 56, 733. 3

805.310,003.0

6, 661. 22, 268. 32,499.9

189.1401.0

654.2929.3238.745.6

67.6347.8

2,363.6

1, 007. 025.2

1, 673. 6

908.841.7

1, 737. 1

6, 660. 8

tnber cur

31,533.730,941.9

1, 182. 37, 147. 21,016.110,294.1

7, 174. 12, 365. 02,354.9

66.1426.4

891.3955.4346.949.2

68.4428.2

2,695.8

1, 025. 1: 26. 3

1, 076. 3

972.960.2

1,960.3

7, 172. 9

rently us

2,525.32,469.9

2,615.9

119.3611.575.4

812.6

539. 1191.9199.8

7.250.5

66.2100.432.83.5

6.733.8

207.1

86.42.0

130.6

76.74.4

145.4

539.0

ed; the

2,469.32,417.9

2,607.3

87.5601.678.4

820.0

537.7177.6186.9

7.834.4

70.184.430.75.0

4.431.0

218.2

87.61.6

128.5

78.88.7

146.9

537.6

change

2,831.92,796.8

2,551.4

113.9652.782.8

936.5

638.6205.1207.9

7.543.2

68.082.844.74.2

10.335.9

228.1

108.64.7

179.0

88.77.1

165.1

638.5

in

2,705.42,666.1

2,653.8

115. 3608.676.7

892.8

625 9193.8203.7

11.340.7

68.280.725.23.5

5.336.8

225.9

92.55.9

163. 1

77.73.4

173.6

625.8

9 Inch

2,725.52,683.2

2,546.9

118.9582.278.4

877.8

684.6200.8188.2

10.832.0

65.584.514.33.1

4.635.7

221.5

95.53.5

151.3

82.45.2

163.5

684.5

ides dat

2,667.22,617.9

2,576.5

114.0602.972.5

854.4

641.5203.5191.8

4.936.0

64.183.725.03.2

2.340.3

210.6

101.22.1

121.1

81.16.0

162.2

641. 4

a, not sho

2,418.82,376.4

2,584.1

86.0561.777.9

792.0

531.2190.1192.1

1.835.4

66.569.423.34.0

3.741.9

220.1

73 51.5

T 131. 1

76.72.7

141.0

531.1

wn sepai

2,486.42,395.4

2,547.9

89.8584.173. 3

811.5

533.0191.7204.3

3.438.2

63.694.514.43.2

3.232.6

217.2

67.9.6

152.2

69.12.3

167.0

532.9

-ately.

2,549.72,504.6

2,642.7

90.3594.174.5

811.6

590.9198.3190.0

5.929.2

66.965.747.63.3

3.434.1

229. 5

71.6.6

121.4

73.25.8

192.7

590.8

2,485.22,440.0

2,392.3

70.3570.482.9

789.8

600. 3201.9169. 6

1.525.7

73.974.729.74.4

5.837.6

216.7

78.3.3

129.4

72.26.1

147.7

600.2

2,797.02,760.8

2,692.2

88.6617.479.5

961.3

634. 3r 213. 4r 202. 5

1.132.1

63.475.924.65.2

11.134.7

258.5

78.62.5

161.8

103.03.8

165.5

634.3

2,872.02,812.9

2,603.9

88.4642.6164.1943.1

618.1197.7218.1

'2.929.0

157.958.534.66.7

7.433.8

244.1

86.01.1

136.3

93.44.5

193.6

618.1

2,726.82,674.0

2,784.7




1966 1967

Annual

1967


1968

Jan. Feb.

FOREIGN TRADE OF THE UNITED STATES—ContinuedFOREIGN TRADE— Continued

Value — ContinuedExports (mdse.), incl. reexports— Continued

By leading countries— ContinuedNorth and South America — Continued

Latin American Republics, total? mil. $_.Argentina doBra/il doChile doColombia doMêxico doVenezuela do

Exports of U S merchandise total doExcluding military grant-aid do

Agricultural products total doNonagricultural products total do

By commodity groups and principal commodi-ties:

Food and live animals 9 -- do. .Meats and preparations (incl. poultry).- do

Beverages gmd tobacco do

Crude materials, inedible, exc. fuels 9 doCotton, raw, excl. linters and waste do

Metal ores, concentrates, and scrap do

Mineral fuels, lubricants, etc. 9 - do_ _Coal and related products doPetroleum and products do __

Animal and vegetable oils fats waxes do

Chemicals do

Manufactured goods 9 — doTextiles do _ _Iron and steel _ _ _ . _ do _ _Nonferrous base metals ___do

Machinery and transport equipment, totalmil. $__

Machinery total 9 doAgricultural doMetalworking doConstruction excav and mining doElectrical do

Transport equipment total doMotor vehicles and parts do

General imports, total doSeasonally adjusted do

By geographic regions:Africa doAsia doAustralia and Oceania doEurope do

Northern North America doSouthern North America doSouth America do

By leading countries:Africa:

United Arab Republic (Egypt) doRepublic of South Africa do

Asia; Australia and Oceania:Australia including New Guinea doIndia doPakistan doMalaysia doIndonesia doPhilippines doJapan do

Europe:France doEast Germany doWest Germany doItaly doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada do

Latin American Republics, total 9 doArgentina doBrazil doChile doColombia doMexico _ doVenezuela do

4, 230. 9244.1575.0256.0287.1

1, 180. 0598.0

29,883.928,943.5'6,874.223,009.8

4,562. 4158.9

3,189.6

623.7

3,070. 4432.2759.9

' 421. 6

975.8'493.0' 434. 1

356.8

2,674. 5

3,433. 5554.2

' 557. 3582.4

11,155.5

'7,445.8'628.3337.9

' 969. 1'1,900.1

'3, 709. 7'2,386.3

25,542.2

978.8'5,276.4' 593. 5

'7,857.2

6, 131. 4'1,912.1'2,785.3

17.6249.0

' 398. 6327.067.8

176.7179.0397.6

2, 962. 6

697.98.2

1, 795. 6743.049.4

1, 786. 1

6, 124. 9

3, 969. 9148.8599.7229.1244.8750.2

1, 002. 4

4, 126. 2230.3547.9248.1218.0

1,223.3587.5

31, 147. 230, 555. 46,383.3

24,763.9

4, 064. 1151.3

2, 681. 4

648.7

3, 280. 1463.8771.6519.6

1,104.4501.3538.9

338.1

2, 802. 5

3, 390. 1530.9561.2516.8

12, 573. 0

8, 047. 8614.7338.8

1,038.02, 096. 9

4, 525. 22, 733. 9

26, 815. 6

905.45, 352. 2

581.38, 232. 2

7, 105. 01, 968. 22, 663. 4

14.9227.0

411.5297.654.8

195.6181.8380.5

2,998.7

689.85,6

1,955.4855.641.0

1, 709. 8

7, 099. 3

3, 853. 2140.3559.0175.2240.4748.9981.6

347.619.042.821.719.2

102.849.0

2,492.42,437.0

531.6,985.1

' 332. 811.0

228.0

39.6

' 276. 856.667.229.8

68.929 331.2

21.4

' 227. 2

' 289. 848.057.147.1

'1,005.3

653.753.928.282.4

165.6

352.2226.2

'2,261.42,255.5

84.6460.247.4

702.7

526.8181.0257.7

.715.0

36.628.57.6

17.712.229.0

257.4

58.32.1

172.257.76.4

147.4

526.3

365.914.852.114.725.370.3

100.7

319.425.939.516.023.190.843.0

2,440.82,389.4

513.61,946.1

308.212.8

196.9

41.3

280.753.862.934.7

81.439.136.9

32.2

215.2

285.642.152.849.5

959.6

643.057.725.986.5

166.0

316.6201.3

2,003.72,229.2

94.7359.941.2

628.0

497.7163.5217.9

.627.7

30.221.14.8

10.815.322.9

193.2

49.5.4

142.861.91.9

133.7

497.6

319.810.436.025.818.865.282.0

360.719.853.523.616.8

105.444.4

2,797.12,762.0

552.22,248.9

358.312.9

242.5

47.6

288.247.954.247.3

76.433.338.0

33.4

242.5

325.547.454.561.5

1, 157. 2

741.969.630 096.4

188.6

415.3254.1

2,354.82,202.9

95.6463.544.9

729.8

597.8200.9222.8

.921.9

27.229.46.4

18.817.536.3

251.5

57.9.3

160.377.76.0

147.1

597.5

344.613.543.211.418.970.585.9

351.317.340.921.213.4

101.255.6

2,669.82,630.5

524.22, 156. 7

327.811.6

212.1

59.2

263.034.265.341.7

84.442.038.6

29.2

234.2

309.344.950.255.9

1,116.9

726.364.132.995.8

185.6

390.6241.0

2,090.92,226.0

78.4421.446.7

608.5

544.4176.4214.9

.219.2

35.123.44.1

16.113.734.3

228.7

52.8.2

131.766.12.4

123.5

544.3

331.79.6

38.415.519.771.790.2

336.518.338.320.916.7

103.648.6

2,692.52,650.2

543.92, 154. 0

333. 313.3

208.9

54.2

291.748.761.147.3

93.348.340.1

32.1

249 0

293.745.648.145.7

1, 115. 5

740.071.928.997.3

182.1

375.4243.5

2,222.02,139.9

76.9441.533.4

661.5

629.0169.7209.8

4.920.2

20.323.93.6

17.014.320.7

248.7

54.5.3

142.969.44.5

154.9

628.5

317.811.237.918.619.164.378.6

346.422.635.419 022.3

105.545.7

2,635.42,586.1

519,62, 129. 2

335.912.4

214.0

46.4

275.335 758.144.6

94.548.640.4

38.9

240.2

298.642.045.661.0

1, 088. 1

682.754.031.582.9

183.9

405.5235.2

2,269.82,227.3

68.5439.857.6

692.1

6*3.8* 173. 6

201.5

3.815.9

43.622.43.4

12.012.736.1

251.6

60.2.3

166.170.42.5

139.3

643.4

304.910.641.016.223.063.366.1

339.216.150.619.915.299.251.0

2,389.72,347.3

472.3,929.6

322.410.8

214.8

40.4

236. 127.249.646.2

113 738.570.9

29.9

220.7

256 837.242.146.2

954.6

637.050.331.384.7

164.8

317.5179. 1

2,126.92,208.0

57.4436.951.9

661.7

563.5136.1218.9

.211.5

32.821.02.8

10.016.036.0

251.2

60.7.4

166.171.01.7

131. 3

562.5

304.410.054.411.822.050.779.7

348.220.954.320.614.699.149.1

2,448.42,357.5

469.61,980.3

316.212.6

210.8

50.2

240. 627.347.441.4

120.746.069.6

22.7

232.7

285.541.140.630.6

908.8

597.844.619.680.3

161.0

311.0186.2

2, 165. 52,125.1

54.5488.956.5

630.9

578.9146.8207.8

.614.4

34.829.04.2

16.418.541.2

269.8

62.5.3

142.077.33.8

136.4

5-78.2

296.811.254.49.4

18.555.370.1

335.615.744.018.817.1

101.252.5

2, 518. 22, 473. 1

490.92,027.3

384.912.4

222.4

69.5

228.430.629.350.8

109.140.161.9

26.2

235.3

267.743.841.332.2

1, 017. 7

630.937.422.885.4

168.1

386.8222.3

2,111.82,208.5

78.3438.745.3

617.6

573.3134.1223.5

.123.9

31.020.54.5

18.814.529.3

251.6

46.1.3

156.059.23.2

130.5

572.0

298.612.353.117.919.149.273.2

320.416.133.519.619.2

106.347.7

2,456.0,410 8531.7

,924.2

332.914.9

209.7

56.8

290.230.983.452.6

92.846.841.7

24.7

218.6

256.444.840. 027.7

959.9

618.435.829.678.0

169.9

341.6221.3

2, 342.22,201.5

74.1472.946.6

723.4

637.2150.1237.0

.721.2

32.426.12.9

17.515.228.6

280.2

58.2.5

182.579.22.9

137.4

637.0

317.113.660.39.5

17.257.686.0

358.620.256.522.815.3

109.050.5

, 765. 82,729.6

667. 72, 098. 0

410.114.8

288.8

70.5

328.332.7

112.846.6

96.150.141.2

27.9

244.9

270.745.342.629.2

1, 080. 8

664.235.426.277.6

176.5

416.6252.0

2, 435. 42, 375. 7

62.1491.857.5

797.4

644.0161.3220.8

1.213.2

48.327.23.9

21.814.723.6

294.6

67.5.3

205.982.92.7

158.6

643.5

319.812.357.116.018.864.868.8

362.918.558.624.025.299.850.3

2, 841. 0, 781. 9563.6

2, 277. 4

351. 111.8

237.0

73.7

276.838.374.336.6

76.039.131.3

19.8

242.6

277.648.946.030.1

1, 242. 6

717.740.331.791.5

188.1

524.9281.1

2, 431. 12, 524. 8

80.5438.059.8

779.3

668.3176.0228.7

1.023.1

46.525.06.7

18.717.142.7

221.3

61.7.3

186.883.42.9

170.0

668.0

331.610.830.78.4

20.165.9

100.1

, 697. 9,645.1

353.4

44.5

284.9

76.5

15.5

235.9

262.0

1, 160. 6

2, 735. 22, 615. 4

r Revised. < Corrected. 9 Includes data not shown separately.


March 1968 SURVEY OF CUREENT BUSINESS S-23


1966 1967

Annual

1967

Jan. Feb. Mar. Apr. May June- July Aug. Sept. Oct. Nov. Dec.

1968

Jan. Feb.

FOREIGN TRADE OF THE UNITED STATES—Continued

FOREIGN TRADE — ContinuedValue— Continued

General imports— ContinuedBy commodity groups and principal commodi-

ties:Agricultural products total mil $N onagri cultural products, total do

Food and live animals 9 doCocoa or cacao beans doCoffee - - doMeats and preparations doSugar do _ _

Beverages and tobacco do

Crude materials inedible exc. fuels 9 doMetal ores doPaper base stocks doTextile fibers doRubber do

Mineral fuels lubricants, etc doPetroleum and products do

Animal and vegetable oils and fats doChemicals __ _ _ do

Manufactured goods 9 doIron and steel doNewsprint doNonferrous metals doTextiles do

Machinery and transport equipment do

Machinery total 9 doMetalworking doElectrical do

Transport equipment doAutomobiles and parts do

Indexes §Exports (U.S. mdse., excl. 'military grant-aid):

Quantity 1957-59—100Value doUnit value do

General imports:Quantity doValue doUnit value do

Shipping Weight and ValueWaterborne trade:

Exports (incl. reexports):Shipping weight thous sh tonsValue mil $

General imports:Shipping weight thous sh tonsValue mil $

4, 530. 521,011.7

3, 947. 5122.2

1, 067. 3599.5501.2

641.7

3, 265. 51,019.8

449.3436.3180.9

2, 262. 02 127.1

146 2955.3

6, 352. 61 305 0

889.5r 1,551. 8

908.5

4,822 8

'2,612.9135.3

r 1, 010. 5

r2 209 81 617.7

158168106

180Ig9

101

185 97818 520

266 07417 319

4, 472. 122, 343. 6

4, 003. 1147.2962.7645.0588.4

698.1

2, 964. 7973.9419.3305.6174.5

2, 250. 12 088 1

122 4963.1

6, 386. 71 372 8

863.71, 562. 3

811. &

5 791 2

3, 028. 8203.4

1 139 8

2 762 42 259.4

187 97318 642

254 59917 415

415 31 846 5

355 424 592.654 333 6

60 0

254 075 337 g29 617 3

r226 9219 7

14 282.4

r 521. 8101 672.8

128 980.9

484 4

242 016.385 9

242 4195 9

12 4521 533

22 8771 511

364 61 638.8

314. 125.974.547 537.0

49.9

210.861.233 324 914 1

186.7172 3

14 880.0

471.798.264.6

122.660.4

434.7

232.514.387.5

202 1164.1

12 9711 463

18 9941 315

431 51 924 4

369 020.893.851 446.2

63.6

254.562.839 832 021 2

211 8197 2

11 390.2

531.9114.471.4

129.776.7

537.2

286.119.8

103.7

251 1196.4

179192108

188188100

13 7051 653

20 7641 540

375.71 715.4

322.611.776.944.354.4

62.4

226.362.732.425.213.6

193. 8179 1

8 083.7

490.8105.668.9

122.369.8

430.4

234.117.580.7

196.2151.1

14 9481,601

20 1321,348

336 11 886 3

296 25 5

77 443 137 4

55 5

250 792 635 023 514 3

194.7181 1

8 285.1

551.7122 479.3

127:169.8

497 1

254.416.286 0

242 8192 8

16 0581,607

22 6461,426

358. 41, 919. 0

337.29.9

75.451.559.7

51.4

282.2117.035 824.99.6

176 9163 7

6 276.1

527.5114.277.8

124.861.3

515 8

249.817.787.5

266.1218.2

191203106

18918899

16 5701,' 572

22 8101,484

344 51 782 8

327 68 8

80.559 663 8

38.3

224 079 730 723 09 0

165 3153 5

7 270.7

493.2110 869.9

105 060.4

473 6

251.615.989 1

222 0179 6

17 216l'500

19 4291*396

357.81, 807. 7

331.74.8

83.061.156.3

39.9

276.598.135.523.615.8

158.3147 4

9 182.9

513.2116.970.8

100.969.3

418 5

258.918.0

104.2

159.6115.2

16 8921,450

21 0921,450

329.91, 781 .6

310. 34.7

71.857.756.0

51.8

234.371.232.523.712.7

169.9154.3

8 969.6

536.1106.768.5

139.860.5

413.1

224.016.094.1

189.1157.7

16 3681,507

18 9961,352

369.11, 973. 1

347.06.7

90.661.442.3

69.8

248.988.834.820.813.2

185.4174.4

10.273.1

549.8115.476.7

137.165.7

505.3

253.817.1

107. 3

251.5219.8

16 8271,454

22 6861,487

378.52, 057. 0

335.09.5

82.254.937.3

73.8

256.486.138.326.217.1

167.8152 6

12.887.8

628.0145.671.6

167.670.8

518.6

275.617.6

118.8

242.9211.7

18 364l', 696

20 8611,567

410.82, 020. 2

357.014.463.958.264.3

81.7

254.486.033.728.516.6

212.5199.8

11.482.0

570.0121.071.3

155.666.6

562. 6

266.017.095.1

296.6257.0

15 6021,606

23 3121,539

366.5

74.2

254.7

237.5

13.891.5

681.5

671.4

TRANSPORTATION AND COMMUNICATION

TRANSPORTATIONAir Carriers

Scheduled domestic trunk carriers:Financial operations (qtrly. total) :

Operating revenues, total 9 mil $Transport, total 9 _ _ _ do

Passenger doProperty doU.S. mail (excl. subsidy) do

Operating expenses (incl depreciation) doNet income (after taxes) do

Operating results:Miles flown (revenue) milExpress and freight ton-miles flown doMail ton-miles flown doPassengers originated (revenue) doPassenger-miles flown (revenue) bil

Express Operations (qtrly.)Transportation revenues mil. $Express privilege payments do

Local Transit LinesFares, average cash rate centsPassengers carried (revenue) mil"

Motor Carriers (Intercity)Carriers of property, class I (qtrly. total):

Number of reporting carriersOperating revenues, total mil $Expenses, total doFreight earned (revenue) mil. tons

3 7073 6723 261

24291

3 250240

1 010 91 081 7

282 481 157 1

430 8m 7

91 QR A"71

* 1, 1487 8497,457

462

423 1•jnq p.

99 A

96 687 124 97 45 3

99 1

88 985 524 56 74 6

99 9

1 0301,020

9046224

95139

102 6105 829 98 45 9

101 23 24 0

99 9CQC

1,2331 8991,851

116

100.1108 828 28 05 5

99 9^fil

105 2114 429 4

7 9r; 4

99 ^

1,1221,112

9877226

99077

105 4117 428 99 26 7

108 829 0

99 A.CKO

1,2261 9831,917

126

110.5100 327 88 86 8

22 8AQA

113.1113 831 89 77 4

23 0KOC

1 1,188

1 1, 0561 268

1201 1 040

194

109.4113 433 58 36 0

104 33 23 7

23 1KA(\

114.1114 938 88.35 8

23 i580

109. 9110.240.38.05 5

23 1560

108. 826 9

23 2551

23.3561

'Revised. * Preliminary. 1 As compiled by Air Transport Assn. of America. 2 Ex-cludes excess baggage revenues. 3 For the 1st quarter 1967, payments of $2.6 mil. weredeferred until 2d quarter 1967; for the 3d quarter 1967, payments of $1.4 mil. have been de-

ferred until the 4th quarter 1967. 4 Number of carriers filing complete reports for the year.9 Includes data not shown separately.§ Publication of data beyond 2d quarter 1967 withheld pending revision of comparable

back data.




1966 1967

Annual

1967


1968

Jan. Feb.

TRANSPORTATION AND COMMUNICATION—Continued

TRANSPORTATION— ContinuedMotor Carriers (Intercity) — Continued

Freight carried, volume indexes, class I and II(ATA):

Common and contract carriers of property(qtrly ) average same period. 1957-59=100

Common carriers of general freight, seas. adj.1957-59=100.-

Carriers of passengers, class I (qtrly.) :Number of reporting carriersOperating revenues, total mil. $Expenses, total _ _ _ _do. _.Passengers carried (revenue) mil

Class I Railroads

Financial operations (qtrly.):Operating revenues total ? mil. $

Freight doPassenger do

Operating expenses doTax accruals and rents doNet railway operating income doNet income (after taxes) do

Operating results:Ton-miles of freight (net), revenue and nonrev-

enue (Qtrly ) bilRevenue ton-miles do

Revenue per ton-mile (qtrly. avg ) centsPassengers (revenue) carried 1 mile (qtrly ) mil

TravelHotels:

Average sale per occupied room dollarsRooms occupied % of totalRestaurant sales index __same mo. 1951=100

Foreign travel:U S. citizens: Arrivals thous

Departures doAliens' Arrivals do

Departures doPassports issued and renewed do

National parks, visits _ _ _ _ _ _ d o _ _Pullman Co. (qtrly.):

Passenger-miles (revenue) milPassenger revenues mil $

COMMUNICATION (QTRLY.)Telephone carriers:

Operating revenues 9 mil $Station revenues doTolls, message do

Operating expense (excluding taxes) doNet operating income (after taxes) doPhones in service end of period mil

Telegraph carriers:Domestic:

Operating expenses doNet operating revenues (before income taxes)

mil $International:

Operating revenues doOperating expenses doNet operating revenues (before income taxes)

mil $

161.2

156.0

i 156641.0545.8223.2

10, 6559,281

5448 1171,4921,046

902

750.5738.31.257

17, 095

10.0362

115

3,8813,7592,4132,0401,548

38, 490

1,96933.80

12, 9046,6994,7617,7132 31786 0

319 3275 5

24 9

121 490.4

27 1

147.7

10 5961

116

1,68639, 538

1,43424.57

334 9201 8

24 2

132 4101.3

•>6 2

153.6

10.0359

106

273258185133100932

155.7

10.2262

114

254275149123111941

155.8

150.2

162137.8133.352.5

2,5362,226

1172,027

364145121

180.0177.21.2563,567

9.7964

122

322325191154188

1,380

4036.97

3, 3561,7321,2452,040

58487.0

81.571.8

4 3

31.223.9

6 3

134,3

10.9867

123

308328206157197

1,711

141.6

10.4164

128

352365223190224

2,417

154.0

147. 3

162162.8145.355.8

2,6282,312

1212,069

380179143

186.8184.01.2573,793

11.0663

123

402537236217219

5,674

3586.11

3,445i;7641,2912,067

61887 8

85 373 4

7 0

33 124.8

7 1

143.7

9.9355

109

455565319247165

8,814

148.6

11.1263

112

656475316291144

8,595

156.8

145.5

161203.7161.962.2

2,5292,217

1312,038

36312878

179.1174.91.2684,274

10.9764

120

434365306243100

3,892

3856 47

3,4771,7731,3032,059

64389 0

83 574 0

4 6

33 325.4

6 8

146.4

260.8

11.4068

112

36029624822683

2,725

150.7

257.2

11.2459

110

29219724917279

1,534

154.3

2366.2

9.9148

119

75922

2885.02

84 672 6

8 3

34.827.2

6 0

162.8

251.4

10.7356

103

128832

254.3

1431,082

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:Acetylene mil cu ftAmmonia, synthetic anhydrous._thous. sh. tons_.Carbon dioxide liquid gas and solid d.oChlorine gas (100% Clj) ' doHydrochloric acid (100% HC1) doNitric "Cid (100% H\TOs) doOxygei <h'gh puritv) mil cu ftPhosphoric acid (100% P20s) thous. sh. tons__Sodium carbonate (soda ash), synthetic (58%

Na20) thous sh tonsSodium bichromate and chromate doSodium hvdroxide (100% XaOH) doSodium silicate anhydrous thous sli tonsSodium s til fate anhvdro^s thous sh tonsSulfuric acid (100% HsSO^ do

16, 59810,661.11, 089. 06, 946. 0

* 1, 504. 85,333.0212, 7514, 531. 2

5,073.2138.9

7, 342. 060P. 1

1, 427. 428,477.3

14, 56911,857.71, 172. 77, 653. 91, 598. 36, 106. 6224, 4484, 734. 3

4,827.9131.3

7, 891. 4605.3

1,384.528, 170. 0

1,467994.991.6

633.1133.6531.8

18, 333406. 7

391.211.5

656.947.9

117.02,356.1

1,234928.784.7

589.0126.7521.3

17,072404.9

359. 611.8

596.048.3

106.12, 330. 3

1,2251,032.2

93.9648.1138.8544.3

18,899424.8

429.411.6

660.053.6

121.72,480.8

1,280991. 492.9

613.0133.2531.9

17, 617410.6

408.711.2

642.945.1

115.22,460.1

1,2201,072.8

103.6646.7134.2515.4

18, 557408.4

404.010.1

673.043.6

122.42,426.0

1,0691,002.0

112.9624.1125.9446.3

17, 397353.6

421.710.7

643.555.3

109.62,196.2

1,029967.6109.8647.2120.8457.5

17, 656345.0

398.19.7

662.350.7

102.22,115.3

1,162950. 7115.3619.3127.6493.4

18, 932357.9

402.411.1

643.150.6

113.72,259.6

1,146925.9104.5621.8133.5504.818,660367.6

378.010.3

644.052.5

121.12,172.1

1,2341,022.9

98.2653.7138.2532.0

19, 258415.3

407.411.2

679.253.3

120.62,381.5

'1,230'1,024.7

83.7' 666. 7' 139. 1' 521. 7

'20,570' 414. 3

393.910.8

'681.955.4

119.2'2,442.3

1,273943.881.5

691.4146. 7506.3

21,497425.1

433.511.6

708.849.0

115.72, 549. 7

T Revised. v Preliminary. 1 Number of carriers filing complete reports for the year.2 Preliminary estimate by Association of American Railroads. 3 Data cover 5 weeks; other

periods, 4 weeks. 4 Revised annual total; revisions are not distributed to the monthlydata.

9 Includes data not shown separately.


March 1968 SUKVEY OF CURRENT BUSINESS S-25

Unless otherwise stated, statistics through 1966and descriotive notes are shown in the 1967edition of BUSINESS STATISTICS

1966 1967

Annual

1967


1968

Jan. Feb.

CHEMICALS AND ALLIED PRODUCTS—Continued

CHEMICALS— Continued

Organic chemicals, production :cfAcetic anhydride mil. IbAcetylsalicylic acid (aspirin) _ __ _ do.Creosote oil mil. gal

DDT . mil.lb-.Ethyl acetate (85%) doFormaldehyde (37% HCHO) ... do.Glycerin, refined, all grades:

Production _ doStocks, end of period _ _ _ _ do..

Methanol, synthetic and natural mil. gal__Phthalic anhydride . _ _ _ mil. Ib

ALCOHOL

Ethyl alcohol and spirits:Production. _ . _ _ mil. tax galStocks, end of period doUsed for denaturation doTaxable withdrawals _ __do_ _

Denatured alcohol:Production. _ _ _ mil. wine galConsumption (withdrawals) _ _.doStocks, end of period do

FERTILIZERS

Exports, total 9 thous. sh. tonsNitrogenous materials doPhosphate materials _ _ _ .doPotash materials do

Imports:Ammonium nitrate-- _ _ _ _ __ _ _doAmmonium sulfate doPotassium chloride _ _ _do_ _ _Sodium nitrate do

Potash deliveries (KjO).- __ _do_ __Superphosphate and other phosphatic fertilizers

(100%P2O5):Production thous. sh. tonsStocks, end of period _ _ _ do. _

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments, quarterly:Black blasting powder mil IbHigh explosives do

Paints, varnish, and lacquer, factory shipments:Total shipments _ __ mil. $

Trade products • _ __ _ . do_ _Industrial finishes do

Sulfur, native (Frasch) and recovered:Production... ... ... _ _ _ _ _ thous. Ig. tons. .Stocks (producers'), end of period do

PLASTICS AND RESIN MATERIALS

Production:Cellulose plastic materials mil Ib

Therm osetting resins:Alkyd resins _ _ _ doCoumarone-indene and petroleum polymer

resins mil IbPolyester resins doPhenolic and other tar acid resins doUrea and melamine resins do

Thermoplastic resins:Styrene-type materials (polystyrene) mil. IbVinyl resins (resin content basis) _ do .Polyethylene _ do

1 1, 600. 934.1

i 112.7

141.51 121.6

i 3, 627. 1

365. 626.0

1 485. 61 674. 8

659.6204.0570.074.7

307.3310.0

3.5

14,2192,303

10, 0181,000

154160

2,382321

3,991

4,431624

.51,753.1

2, 364. 41, 312. 41, 052. 0

i 8, 2422,704

1 190. 6

* 614. 01 333 5

453.31 982. 61 632. 8

1 2, 397. 2••2,670.013.558.7

1, 551. 230.5

102.8138.9

3, 686. 2

353.832.6

519.6715.3

685.2218.4556.179.0

300.1298.7

4.9

15, 2941 1, 62911, 0251,119

177U68

i 2, 711218

4,034

4,555720

.41, 708. 5

2, 450. 31, 373. 11, 077. 2

8,2581,954

129.82.99.9

9.910.9

300.9

30.927.542. 258.3

57.0203.1

56.65.1

30.430.73.2

1,273116979136

1120

2219

351

403602

162.081.380.7

6942,722

14.1

46.7

23 435.977.750.8

190.8223.4306.8

114.72.27.2

10.18.3

289.8

26.527.341.053.6

49.1205.141.95.0

22.622.82.8

r 1, 129118854

r!09

929

21330

296

406637

167.388.978.4

6112,618

14.5

43.3

25.535.473.246.8

188.6204.4296.9

108.42.9

10.6

9.710.7

321.8

30.927.044.557.6

56.3204.151.66.7

27.926.83.8

1,16613792283

1932

24422

504

439623

.1406.4

208.3114.893.5

7082,492

15 7

51.1

28 141 688 257 4

201 2225.5330.5

129.72.9

11.4

9.412.4

308.9

31.027.239.659.8

52.6209.539.86.5

21.521.83.6

1,17140

94377

2819

30822

611

415529

208.6121.187.5

6962,405

13 8

47.6

24 940 180.651.2

207.9215.9320.5

135.02.59.1

9.712.8

319.5

33.327.745.960.4

63.4214.449.27.0

26.526.14.0

1,311153947

87

215

20721

319

385567

231.7134.497.3

7192,349

15 1

52.3

19 046.480.851 3

208.5211.8316.1

135. 81.79.5

7.014.2

295.4

28.129.445.755.0

57.2216.045.66.8

24. 525.03.6

1,36095

95976

123

15439

217

346627

.1456.2

250.4146. 7103. 7

6682,215

14 2

52.8

25 441 880.056 6

192. 3212. 2309. 8

140.12.29.2

9.610.1

281.2

26. 827.941.952.8

54.1221.948.55.3

26.125.74.0

1,11168

85553

102

12124

145

287700

214.8134 280.7

7162,278

11.6

.46.1

20 535 767.342 8

169.8167.7299.7

131.82.29.9

10.511.2

299.0

24.822. 344.961.0

55.2221.849.76.5

26.826.84.1

1,35411194098

1015

26416

298

325713

248.2146.8101.5

6952,244

12 5

53.1

20 844 080.757 9

190.2203.1291. 8

127.02.89.9

5.79.4

289.8

25.721.439.565.1

57.4218.643.37.1

23.323.14.4

1,194218773109

128

2935

380

359684

.1442.0

210.4120.190.3

6732,263

12.7

50.1

29.039 479.360.2

189.8221.5296.6

131, 53.39.0

4.49.4

324.4

32.425.041.963.0

66.3219.544.18.4

23.724.04.1

1,501334963115

1613

1702

385

401597

204.8109.395.4

699T 2, 231

12.8

50.8

22 942 187.260 6

203.6228.5321.3

123.42.89.9

6.614.9

320.6

32.630.444.662.7

59.5208.744.28.4

23.823.64.4

1,34312894371

1713

32818

267

400653

188.096.991.0

6782,123

13 9

47.8

24 942 484. 257.4

213.9235.4311.4

144. 02.1

10.112.7

335. 1

'30.8r32.6

48.366.2

57.2218 441.66.2

22.922 44 9

1,428159947106

119

18811

259

390720

1403 9

155.878.677 2

7021,954

133.32.6

11.713.5

306.1

30.835.945.451.0

1 41917593591

1820

46716

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), totalmil. kw.-hr__

Electric utilities, total.. . doBy fuels doBy waterpower. do

Privately and municipally owned util doOther producers (publicly owned) do

Industrial establishments, total doBy fuels doBy waterpower do

1,248,232

1,143,737949, 254194, 482

933, 407210, 329

104, 496101, 346

3,149

1,314,299

1,211,749991, 706220, 043

985,580226, 169

102, 54999, 2033,346

109, 951

101, 25683, 56617, 690

82,61818,638

8,6958,393

302

101, 061

92, 96076, 36916, 591

75, 46817, 492

8,1017,821

280

107, 699

98, 94280, 41918, 523

80, 62718,315

8,7578,454

304

102, 172

93, 65476, 19917, 455

75, 54618, 108

8,5188,220

298

106, 582

97, 72778, 52419, 203

78, 74718, 980

8,8548,524

330

111, 704

103, 00784, 50518, 502

83, 77219, 235

8,6978,408

289

114,428

106,01987, 10618,914

85, 83620, 184

8,4098,183

226

118, 321

109, 75391, 08818, 666

89, 23120, 522

8,5688,320

248

107, 159

98, 93981, 65817, 281

80, 73118, 208

8,2208,001

219

109, 498

100,86482, 98917, 874

82, 784• 18, 079

8,6358,369

266

109,818

101, 28882, 78118, 508

82, 86018, 429

8,5298,259

270

115,905

107, 34086, 50320,837

87, 36119, 979

8,5658,251

314r Revised.1 Revised annual total; revisions are not distributed to the monthly data.

cf Data are reported on the basis of 100 percent content of the specified material unlessotherwise indicated. 9Includes data not shown separately.




1966 1967

Annual

1967


1968

Jan. Feb.

ELECTRIC POWER AND GAS—Continued

ELECTRIC POWER— Continued

Sales to ultimate customers, total (EEI) mil.kw.-hrCommercial and industrial:

Small light and power§ doLarge light and power§ do

Railways and railroads _ doResidential or domestic doStreet and highway lighting doOther public authorities doInterdepartmental do

Revenue from sales to ultimate customers (EdisonElectric Institute) mil $

GAS

Manufactured and mixed gas:Customers end of period total 9 thous

Residential doIndustrial and commercial do

Sales to consumers total 9 mil. thermsResidential doIndustrial and commercial do

Revenue from sales to consumers total 9 mil $Residential doIndustrial and commercial do

Natural gas:Customers end of period total 9 thous

Residential doIndustrial and commercial do

Sales to consumers total 9 mil thermsResidential doIndustrial and commercial do

Revenue from sales to consumers, total 9 mil. $Residential doIndustrial and commercial do

1,038,982

225, 878465 077

4,514306 572

9,24025, 9221 779

16 196 1

67062841

1,386807562

127 983 543 1

37, 18334 0573 082

127 52440 95980, 890

7 745 24, 108 23 433 8

1,107,023

242, 492486, 043

4,572331, 525

9,86329, 4263,102

17, 222. 7

93, 362

19, 25339, 652

43830, 594

9252,351

149

I, 431. 2

89, 654

18, 61338 367

42328 895

8342,370

152

1 398.1

90, 421

18, 85939, 559

42628, 174

8172,407

179

1, 393. 8

67763443

561363198

49.033.615.3

38, 20135, 0623,139

42, 92718, 84324, 084

o ggo f)1,731.91, 150. 5

88, 105

18, 70539, 530

37626, 142

7722,376

204

1,370 4

87, 585

18, 67940, 304

37024, 885

7262,316

306

1, 362. 4

90, 587

20, 34340, 991

33725, 510

7022,405

301

1, 416. 3

67262942

311176131

29.018.510.2

38,07334,9913,037

31, 2259,194

20, 931

1, 868. 3962.6865.8

94, 197

22, 19640, 130

33628, 166

7132,341

315

1, 481. 4

97, 963

23, 05641,913

35129, 130

7542,437

321

1, 523. 6

95, 646

22, 31041, 507

33827, 948

7942,436

314

1,496.5

66662442

17568

106

16.88.97.8

38, Oil34, 9772,990

24, 5953,684

19, 578

1, 245. 1484.2719.6

92, 564

20, 86841, 724

35525, 939

8762,494

307

1, 444. 5

91,635

19, 70841,308

38926, 513

9152,525

278

1,423.4

95, 386

20, 04741, 216

43429, 782

9622,669

277

1, 473. 0

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGESBeer:

Production mil. bblTaxable withdrawals doStocks, end of period do

Distilled spirits (total) :Production mil. tax galConsumption, apparent, for beverage purposes

mil. wine galTaxable withdrawals mil. tax gal _Stocks, end of period doImports. _- _ mil. proof gal

Whisky:Production _ _ _ _ mil. tax galTaxable withdrawals doStocks, end of period _ _ _ do_ __Imports. _ mil. proof gal

Rectified spirits and wines, production, totalmil. proof gal

Whisky . do.Wines and distilling materials:

Effervescent wines:Production. _ _ _ _ mil. wine galTaxable withdrawals _ do. _Stocks, end of period doImports do

Still wines:Production _ doTaxable withdrawals.. _ _ . d oStocks, end of period.. doImports do

Distilling materials produced at wineries _ do _

DAIRY PRODUCTS

Butter, creamery:Production (factory) mil. Ib _Stocks, cold storage, end of period doPrice, wholesale, 92-score (N.Y.) $ per Ib

Cheese:Production (factory), total. .. mil. Ib

American, whole milk do

Stocks, cold storage, end of period doAmerican, whole milk do

Imports _ doPrice, wholesale, American, single daisies (Chi-

cago) $ per lb__

113.04104 2610.57

191.14

308. 92144. 73

r 880. 5660.30

128. 51r 94 58835. 46

52.20

r 101. 0867.14

8.757.403.751.64

218. 28165. 80265. 1116 34

391. 12

1, 112. 032.3.672

1 855.51,220.6

372.7322.2135 5

.527

116. 55106 9710 77

211. 69

324 81148. 17904 5868.17

153 7796 99

856. 6659.70

108 0867.18

10 118.714.301 92

217 22174. 58272. 03* 17 46

360 60

1, 233. 4168 6.675

1 897 31 271 5

390.3344 0

i 151 g

.521

8.387 00

11.31

17.20

21.189.91

885. 494.90

12.736.49

839. 324.10

6.493.60

.86

.514.01.14

3.4913.43

253. 501.22

8.68

112.335.1.669

152.3101.1

367.8317.414 7

.530

8.157 07

11.77

17.20

21 549.76

888 403.94

13.816 81

843. 333.42

6 874.26

86.43

4 3813

3.1413.14

239. 901.08

7.44

105.054.7.672

143.795.4

361.2308.613.2

.520

10.689 50

12.14

19.36

27.2412.64

892. 905.21

14.828 25

846. 854.49

8.945.53

.83

.654.50

.17

3.2217.87

225. 491.47

10. 56

111.876.2.672

160.7106.7

367.4317.918.8

.518

10.779 18

12 88

18.17

23.6611.70

895. 694.90

14.097.54

850. 064.32

8.695.32

.71

.524.64.13

2.8813.59

212. 491.35

3.28

120.0102.9.672

170.5119.1

387.4335.115.7

.51

11. 2610 2013 04

20.27

27.9913.46

899. 465.19

15.478 21

854. 574.49

9.675.93

.74

.624.66.15

2.6313.59

201. 881.51

10.74

129. 1151.2.673

187.3131.1

408.0355.411.7

.518

11.2110 5112.83

16.46

27.5212.95

900. 425.56

10.987.60

855. 374.88 .

9.375.82

.94

.684.87

14

3.1114.94

187. 261.41

6.59

129.5191.6.672

192.0137.4

442.7' 384. 8

18.4

.522

10.649 63

13 03

11.14

22.559.40

900. 144.04

7.685 44

855. 623.50

6.473.87

.49

.484.86

10

1.8410.12

177. 281 17

2.29

104.9228.5.672

172.4120.6

457.1r 399. 8

12.0

.524

10.7410.4812.48

13.83

26.4613.27

897. 624.89

9.918.29

854. 324.27

9.135.56

1.01.63

5.14. 10

3.5915.44

165. 281.27

8.90

86.2233.2.681

159.4108.6

450.8r 404. 1

7.2

.518

8.898.67

11.94

16.80

25.8012.77

898. 035.76

12.108.73

854. 335. 04

9.846.45

.80

.765.09.10

31.4314. 69

177.921.51

62.10

75.3212.4.677

140.890.8

439.5386.1

7.6

.518

9.008.28

11.83

20.58

28.9416.07

897. 347.80

14.5811.69

853. 346.94

11.827.78

.851.114.75

24

106. 2016.69

263. 561 69

161. 94

84.6200.5.676

138.187.2

419.7370. 0

8 5

.518

8.378.12

11.30

20.73

33.9415.20

899. 168.54

14.8310.74

853. 747.67

12.177.90

1.001.204.46.28

47.77' 16. 61285. 85

2.24

58.10

82.2186.2.675

132.081.0

401.8354.3

9 3

.518

8.478.33

10.77

19. 94

r 37. 9811. 05

904. 5«7.42

12. 767 21

856. 6«6.58

1.041.124.30.23

7 9314.45

272. 031 88

19.98

92.4168.6.686

148 092.5

390.3344.0

13 9

.529

4.76

4.22

.15

1 37

108.1r 163. 5

.673

147 795 1

r 372. 9326 3

9 3

.530

172 9.673

359.8310 4

.528

r Revised. » Annual total reflects revisions not distributed to the monthly data. §Data are not wholly comparable on a year to year basis because of changes from oneclassification to another. 9 Includes data not shown separately.




1966 1967

Annual

1967


1968

Jan. Feb.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

DAIRY PRODUCTS— Continued

Condensed and evaporated milk:Production, case goods:

Condensed (sweetened) mil. lb__Evaporated (unsweetened) do

Stocks, manufacturers', case goods, end of period:Condensed (sweetened) mil. lb__Evaporated (unsweetened) do

Exports:Condensed (sweetened) doEvaporated (unsweetened) do ...

Price, manufacturers' average selling:Evaporated (unsweetened) $ per case__

Fluid milk:Production on farms.. _ _ _ _ _ _ _ _ _ _ . mil. IbUtilization in mfd. dairy products _ _ d o _ _Price, wholesale, U.S. average $ per 100 lb__

Dry milk:Production:

Dry whole milk __mil. lb__Nonfat dry milk (human food) do

Stocks, manufacturers', end of period:Dry whole milk doNonfat dry milk (human food) do

Exports:Dry whole milk _ doNonfat dry milk (human food) do

Price, manufacturers' average selling, nonfat drymilk (human food) $ per lb._

GRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats rye, wheat)... mil. bu__

Barley:Production (crop estimate) do_.Stocks (domestic), end of period _do

On farms doOff farms_-_ _ __ _do.

Exports, including malt§ doPrices, wholesale (Minneapolis):

No. 2, malting $ per buNo. 3, straight do

Corn:Production (crop estimate, grain only). .mil. bu_.Grindings, wet process __ _ do

Stocks (domestic), end of period, total, .mil. bu_.On farms __doOff farms _ do

Exports, including meal and flour doPrices, wholesale:

No. 3, yellow (Chicago) _ _ $ per buWeighted avg., 5 markets, all grades do

Oats:Production (crop estimate) _ _ mil. buStocks (domestic), end of period, total. _ do

On farms doOfffarms... do

Exports, including oatmeal _ _ _ doPrice, wholesale, No. 2, white (Chicago)

$perbu._

Rice:Production (crop estimate) ...mil. bags?California mills:

Receipts, domestic, rough mil. lb._Shipments from mills, milled rice doStocks, rough and cleaned (cleaned basis), end

of period mil. IbSouthern States mills (Ark., La., Tenn., Tex.):

Receipts, rough, from producers mil. lb__Shipments from mills, milled rice doStocks, domestic, rough and cleaned (cleaned

basis) , end of period _ mil . IbExports _ doPrice, wholesale, Nato, No. 2 (N.O.) $ per lb__

Rye:Production (crop estimate) mil. buStocks (domestic) , end of period doPrice, wholesale, No. 2 (Minneapolis) _.$ per bu_.

Wheat:Production (crop estimate), total mil. bu

Spring wheat doWinter wheat do

Distribution do

Stocks (domestic), end of period, total do

Off farms do

128.61, 696. 1

11.6192.9

92.938.4

6.73

120, 23056, 398

4.81

94.41, 595. 1

6.9118.2

16.4170.3

.182

1, 590. 3

2 393. 2294.4179.1115.263.6

1.351.33

2 4, 117203.6

3,6772,899

779616.6

1.341.31

2801662557105

30.2

< . 7 7

285.0

1,536920

317

5,8803,962

1,7582 978.083

227.828.41.20

21,3122249

21,0621,559

1,049

r641

63.71, 498. 9

5.8190.2

28.633.8

7.05

119, 29459, 578

5.02

82.81, 694. 2

6.1101.1

12.8140.9

.199

1,245.4

2 370. 2302.6182.8119.840.2

1.301.29

2 4, 722207. 2

4,2153,353

862515.3

1.271.25

2782647544104

9.54.75

289.6

1,9131,403

254

6, 6754,561

1,8754,066.085

224.127.71.19

2 1, 5242312

2 1, 2121,366

1,208

704

4.6105. 2

14.3150.0

(i)1.5

7.05

' 9, 8474,7605.15

6.7135.2

6 8' 117. 5

1 29 4

.200

90.5

2.7

1 351 34

16 2

35.4

1 401 36

.5

.79

179197

260

341403

1,611472

.085

1.20

2.9102.6

15.5119.6

(i)5.9

7.05

»• 9, 2034,596

5.06

6.7129.6

7 0111.7

1 614.4

.199

82.7

3.1

1.321.31

15.1

38.1

1.381.33

(5)

.77

147119

248

294414

2,766390

.085

1.19

4.0119.8

13.881.9

1 83.7

7.05

' 10, 5075,1854.95

8.0145.7

7 299.6

1 610 7

.201

100.9

207.2114.992.2

.8

1.331 32

17.6

2,7152,044

67149.0

1.381.34

44235588

(5)

.77

163122

239

232441

1,163461

.085

24.31.23

'349

700239461

6.6146.5

9 8124.0

7 32.2

7.05r 10, 734

5, 5584.77

8 8173.0

8 8115.7

87 2

.199

87.6

3.0

1.321.31

16.7

35.4

1.361.32

.2

.75

138134

202

150385

900319

.085

1.21

6.9167.2

10.9174.2

7 02.3

7.05rll 470

6 1344.74

10.2195.1

10.9137.9

1.216.2

.199

86.5

4.9

1.351.33

18.1

31.7

1.371.33

.8

.74

180206

120

104385

616324

.085

1.22

6.2173.3

12.1228.6

5 23.6

7.05

r 11, 0956,3794.68

7.2202.4

9 4157.6

932 1

.199

91.7

3121.83 57. 03 64. 8

5.2

1 331 31

18.2

1,7431,337

40634.0

1 351.33

32703199

3 71

1.7

.78

10458

135

26276

379510

.085

318.71.17

'2753 4253 1453280

7.9152.0

14.6266.8

13.2

7.05

r!0 3155 5994.80

8.2157.5

10 2162.3

713 4

.199

98.7

7.9

1 321 29

16.1

28.0

1 281.26

2.8

.74

144122

113

405206

450223

.085

1.23

3.4141.9

13.6281.8

C1)1.4

7.05

r 9, 7094,9844.98

5.1130. 1

8 6152.6

87 4

.198

106.1

2.3

1 311 30

18 6

36.8

1 221 19

1.4

.73

202153

118

1,133289

912194

.085

1.17

3.2115.5

10.4292. 2

(i)2.3

7.06r 9, 124

4.1735.20

4.7100. 3

7 4136.0

719 3

.199

121.8

380.0230 6149 5

3.1

1 261 26

is 438233 5693 25446.4

1 191 19

776640136

.9

.74

165145

70

1,527358

1,571227

.085

33.31.18

r393

1,566602

r955

4.397.0

8.7265.3

(*)2.5

7.06

*Q 1674 1375.32

5 4100.8

7 2116.1

1 24 7

.200

105.5

2.9

1 261 26

19 2

42 5

1 151 14

4

.74

35241

269

1,487504

2 064288

.085

1.16

5.985.0

8.9219.2

1 02.5

7.06r 8 814

3 8755.36

5 7100 6

6 599 7

1 i3 5

. 199

152.5

4.0

1 251 24

17 1

76 3

1 061 07

Q

.74

8143

°77

592492

2 003007.085

1.14

7.892.9

5 8190.2

6 02.6

7.06

9 2994,1985.29

6 1123.9

6 1101.1

1 12 5

.198

121.2

302 6182 8119 8

.3

1 201 20

15 9

4,2153 353

86261 7

1 111 09

647544104

1

5962

254

384408

1 875343

.085

27 71.13

348

1,208505704

3.386.5

5 4142.2

93 3

7.06

9 6084 631>-5.27

6 9128 9

6 684 6

^ \4 1

.198

116.7

1.1

1 231 24

18 2

51 8

1 101 09

6

.80

187135

254

338451

1 671PCQ

1.17

9 249

5.21

1 241 25

1 051 10

.83

1.18

r Revised. 1 Less than 50,000 Ibs, 2 Crop estimate for the year. 3 old crop only;new crop not reported until beginning of new crop year (July for barley, oats, rye, and wheat;

Oct. for corn). * Average for 11 months. s Less than 50,000 bushels. § Excludespearl barley. 9 Bags of 100 Ib.




1966 1967

Annual

1967


1968

Jan. Feb.


GRAIN AND GRAIN PRODUCTS— Con.

Wheat— ContinuedExports total, including flour mil. bu

Wheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

$ per bu__No. 2, hd. and dk. hd. winter (Kans. City). doWeighted avg., 6 markets, all grades do

Wheat flour:Production:

Flour thous sacks (100 Ib )Offal thous sh tons

Grindings of wheat thous buStocks held by mills, end of period

thous sacks (100 Ib )Exports _ doPrices, wholesale:

Spring, standard patent (Minneapolis)$per!001b__

Winter hard 95% patent (Kans City) do

LIVESTOCK

Cattle and calves:Slaughter (federally inspected) :

Calves thous animalsCattle do

Receipts at 28 public markets doShipments, feeder, to 8 corn-belt States doPrices, wholesale:

Beef steers (Chicago) . $ per 100 IbSteers, stocker and feeder (Kansas City)__doCalves, vealers (Natl. Stockyards, I l l . )__do

Hogs:Slaughter (federally inspected) thous animalsReceipts at 28 public markets doPrices:

Wholesale, average, all grades (Chicago)$perl001b._

Hog- corn price ratio (bu. of corn equal in valueto 100 Ib. live hog) _

Sheep and lambs:Slaughter (federally inspected) _ _ -thous. animals..Receipts at 28 public markets doShipments, feeder, to 8 corn-belt States doPrice, wholesale, lambs, average (Chicago)

$ per 100 Ib—

MEATS AND LARD

Total meats:Production (carcass weight, leaf lard in) , inspected

slaughter . mil. Ib—Stocks (excluding lard), cold storage, end of

period mil. lb._Exports (meat and meat preoarations) doImports (meat and meat preparations) do

Beef and veal:Production, inspected slaughter doStocks, cold storage, end of period doExports _ doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) $ per lb__Lamb and mutton:

Production, inspected slaughter mil. IbStocks, cold storage, end of period do

Pork (including lard), production, inspectedslaughter mil Ib

Pork (excluding lard) :Production, inspected slaughter __ doStocks, cold storage, end of period do. .Exports doImports doPrices, wholesale:

Hams, smoked, composite $perlb._Fresh loins, 8-1 2 Ib. average (New York) ._ do

Lard:Production, inspected slaughter. _ _ _mil. IbStocks, dry and cold storage, end of period doExports _ doPrice, wholesale, refined (Chicago) $ per lb..

POULTRY AND EGGSPoultry:

Slaughter (commercial production) mil. Ib—Stocks, cold storage (frozen) , end of period, total

mil. lb__Turkeys do

Price, in Georgia producing area, live broilers$perlb_.

' Revised.1 Annual total reflects revisions not distributed to

875.7820.8

1.971.811.88

253, 000' 4, 621

567, 936

4,18023, 540

6.3655.994

4,43227, 319

' 13, 1348,056

26.17'25.4132.38

63, 72915, 175

22.61

18.5

11, 5533,9011, 988

25.00

' 29, 291

621480

1,318

' 16, 71031732

895

.442

58117

12, 000

9,66223455

298

.587

.569

1,695100158

.152

8,786

436267

.145

the mont

675.6637.1

1.921.681.88

241, 6234,423

548, 125

4,37216, 535

6.1245.631

4,00227, 77112, 4877,852

25.9724.7332.38

70,8901 16, 263

18.95

16.3

11, 4953,6191,449

23.48

31, 102

644484

1,397

17, 24928634

1967

.451

57415

13, 279

10, 749286

56*307

.544

.515

1,835151189

.126

9,342

540367

.122

hly data.

51.848.1

1.921.791.91

'20, 278372

45, 528

1,564

6.2505.700

372'2,3681,142

514

25.2124.3233.00

' 6, 2961,497

18.77

14.8

1,06729888

22.50

' 2, 736

66836

115

' 1, 489334

382

.437

^5615

"1,191

'961256

523

.578.512

16711618

.138

682

'434'272

.125

40.738.0

1.911.731.87

19, 019346

42, 662

1,172

6.1755.633

3132,105

840355

24.9224.0435.00

5,6521,233

18.81

14.9

98922167

21.25

2,419

6974299

1,324325

363

.434

5215

1,042

845290

727

.540

.506

14312514

.136

551

409254

.140

50.846.5

1.971.841.93

'21,272372

47,842

4,2261,844

6.2635.850

4002,338

943459

24.6524.5835.00

6,7251,442

18.05

14.0

1,07225071

21.25

2, 748

72741

110

1,466313

367

.419

5615

1,226

996331

632

.549

.467

166132

9.133

624

351207

.130

48.344.6

1.961.781.91

'18,479345

'42,767

1,560

6. 2635.790

3162,185

891388

24.5924.8131.00

5,8701,372

17.23

13.5

872215

76

22.75

2,513

7833996

1,378303

361

.427

4416

1,090

890386

524

.483.458

14514219

.135

622

321176

.125

48.044.2

1.991.771.94

'19,756365

'44,336

1,642

6.2755. 767

3002,4251,013

406

25.3725.1434.50

5,3061,328

21.31

17.4

89030095

29.25

2,569

7254391

1,524300

356

.442

4317

1,002

798336

425

.523

.556

14812813

.129

733

296149

.120

50.545.9

1.941.661.86

'19,902365

44, 724

r 4 2°41,976

6.2135.700

2852,423

958326

25.8325.4932.00

5,1781,249

21.05

16.7

90427296

26.75

2,552

66439

112

1,514288

377

.454

4315

995

799293

332

.557

.554

141. 128

14.124

791

308160

.125

59.657.4

1.931.611.75

' 18, 490335

41,851

911

6.2755. 800

2712,238

955397

26.3725.6130.00

4,7431,118

21.12

17.7

90227776

24. 75

2,327

60134

130

1,381276

397

.460

4313

902

724239

226

.523

.594

12911820

.119

771

368221

. 140

65.463.1

1.861.581.81

'21,660398

48, 842

1,001

6.0135.583

3322,4611,108

612

27.1825.5331.00

5,8081,257

19.94

18.4

1,001359113

24.00

2,624

52840

131

1,495255

399

.469

4811

1,082

878199

324

.563

.553

14910616

.125

992

486332

.120

71.068.4

1.901.571.90

'20,397382

47,094

4,6891,118

5.9755.450

3482,3301,078

972

27.5924.7931.00

6, 1141,286

19.09

17.1

1,037405223

22.50

2, 599

53040

134

1,422252

2101

.486

5011

1, 128

918203

421

.545

.545

15210713

.124

942

603441

.120

59.056.8

1.931.631.93

'21,216394

'49,019

921

5.9755.483

3832,4331,3931, 468

26.9524.9131.00

6,6841,545

18.06

17.2

1,007451300

22.25

2,787

58447

138

1,490258

3101

.466

4913

1,248

1,009250

723

.547

.502

17210518

.120

1,007

725554

.110

71.568.9

1.911.591.86

20, 453378

46,957

1,115

5.9255.433

3572,2541,1961,287

26.4623.9032.00

6,4311,531

17. 22

17.5

899323150

22.50

2,646

63746

123

1,384278

388

.460

4515

1,217

987279

523

, .546.465

16812027

.113

897

608431

.105

59.155.2

1.851.581.86

'20,731'371

'46,503

4,3721, 712

5.9135.383

3232,214

966668

26.3823.6833.00

6,1001,396

16.79

16.1

86924892

22.00

2,582

64436

120

1,381286

376

.460

4515

1,156

944286

532

.573

.472

154'151

8.116

730

540367

.105

63.158.7

1.861.621.87

21, 437386

48, 354

1,903

3652,4931,045

26.6823.89

6,4961, 445

17.73

16.9

1,050276

23.00

2, 816

'65138

128

1,554'287

387

.464

5415

1,208

993'288

427

.515

157170

7

687

'525'356

.125

1.851.631.85

850

27. 1925.68

1,288

18. 8G

17.8

190

24.75

634

262

.474

13

291

.533

459312

.135



Unless otherwise stated, statistics through 19S6and descriptive notes are shown in the 1967edition of BUSINESS STATISTICS

1966 | 1967

Annual

1967


1968

Jan. Feb.


POULTRY AND EGGS— Continued

Eggs:Production on farms mil. cases O~Stocks ,cold storage, end of period:

Shell _ thous. cases OFrozen mil Ib

Price, wholesale, extras, large (delivered; Chicago)$perdoz._

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl. shells) thous Ig. tonsPrice, wholesale, Accra (New York) $ per lb._

Coffee (green) :Inventories (roasters', importers', dealers'), end

of period thous bagscfRoastings (green weight) d'o

Imports, total doFrom Brazil _ do

Price, wholesale, Santos, No. 4 (N.Y.)__$ perlb..Confectionery manufacturers' sales mil $

Fish:Stocks, cold storage, end of period.. _ _ _ _ _ _ mil. lb__

Sugar (United States):Deliveries and supply (raw basts) :§

Production and receipts:Production. thous. sh. tons..Entries from off-shore, total 9 do

Hawaii and Puerto Rico do

Deliveries total 9 doFor domestic consumption do

Stocks, raw and ref , end of period do

Exports raw and refined sh tons

Imports:Raw sugar, total 9 thous sh tons

From the Philippines doRefined sugar total do

Prices (New York) :Raw, wholesale. $pe r lb__Reflned'.

Retail (incl. N.E. New Jersey) ----$ per 5 lb__Wholesale (exql. excise tax) $per lb__

Tea, imports thous Ib

Baking or frying fats (incl. shortening):Production _ _ _ _ _ _ m i l . lb__Stocks, end of period© do

Salad or cooking oils:Production doStocks, end of period© do

Margarine:Production _ doStocks end of period© doPrice, wholesale (colored; mfr. to wholesaler or

large retailer; delivered)-.- $ per lb__

FATS, OILS, AND RELATED PRODUCTS

Animal and fish fats:ATallow, edible:Production (quantities rendered) mil IbConsumption in end products doStocks, end of period! do

Tallow and grease (except wool), inedible:Production (quantities rendered) do_ __Consumption in end products . _ _ d o _ _ _Stocks, end of period! do

Fish and marine mammal oils:Production doConsumption in end products... do _._Stocks end of period f do

Vegetable oils and related products:Coconut oil:

Production* Crude mil IbRefined do

Consumption in end products doStocks, crude and ref., end of period^ do. _Imports do

Corn oil:Production: Crude. do

Refined __ _ doConsumption in end products. __ _ doStocks, crude and ref., end of period^ do

184.6

2736

.401

319.3.246

3,14121, 300

22,0566,726.414

1, 534

271

4,0456,2501,911

10,44410, 2992,598

3,006

4,1981,039

38

.070

.620

.096

132, 996

3, 189. 5118.6

2, 946. 883.4

2, 109. 753.2

.266

566.7516.1

50.9

4, 466. 92, 439. 6

447.4

164.172.1

158.5

358.5569:6783.4

498.2

446.6397.6388.053.5

194.9

8689

.298

282.6.288

2,41421, 291

21, 3126,069.384

1,616

253

4,1036,3911,958

10, 51610, 2452,870

1,468

4,584* 1, 134

97

. 073

2.619.099

142, 583

3, 225. 7139.2

2,922.192.8

2, 114. 159.9

.257

577.8525.173.2

4, 753. 02, 401. 6

424.6

118.473.0

146.3

565.1749.1133.6

i 523. 0

444.2418.1421.537.7

16.4

'6337

.343

49.8.266

1,979560

.395146

253

5612,074

170

674658

2,832

40

'275645

.071

.633

.099

12, 461

i 259.8119.3

238.076.0

202.349.5

.273

51.035.363.0

408.5210.5507.7

1.96.1

153.0

(d)52.465.9

194.5196.8

34.334.034.247.0

15.0

5541

.311

50.9.305

1,618359

.388143

224

216246143

683673

2,734

89

2954510

.072

.630

.099

11, 633

260.1118.8

240.889.4

174.755.3

.256

53.444.475.1

387.9191.3471.9

.55.6

154.4

(d)44.956.4

206. 879.6

33.730.332.545.8

17.0

4144

.322

39.8.290

2,8745,657

2,092412

.388136

204

110233184

873859

2,614

91

406100

4

.072

.629

.099

14,419

270.5119.2

254.181.9

194.965.3

.256

5L343.978.4

419.8205.6501.2

.85.7

135.5

(d)41.362.7

187.718.4

40.438.838.244.9

16.7

12055

.265

21.6.274

1,717362

.385106

190

10158156

824788

2,501

57

421154

3

.072

.629

.099

14, 518

249.9125.9

244.597.9

160.568.2

.256

50.344.983.6

393.7202.1497.2

3.26.9

145.5

(d)45.065.0

191.620.2

37.733.731.049.5

17.0

26571

.258

10.8.276

1,722'455.388115

183

144214198

880842

2,379

68

281544

.073

.627

.099

12, 663

283.6125.6

251.087.8

171.057.9

.256

57.246.380.8

403.8211.1481.8

9.16.2

165.9

(d)52.468.3

184.324.3

38.534.835.150.0

16.2

42785

.251

18.9.278

2, 4575,226

1,647468

.395111

184

123481146

1,0531,0222,130

197

466132

5

.074

.631

.099

12, 378

275.9149.0

255.684.7

173.659.7

.256

49.845.083.5

419.1220.4432.4

20.16.6

165.6

(d)49.052.0

145.925.8

40.236.840.049.2

16.4

39193

.324

16.5.269

2,126627

.38886

226

48479102

891875

1,869

58

500143

3

.073

2.623.099

10, 476

221.5135.8

230.384.5

139.461.9

.256

41.540.480.5

364.1173.6397.4

21.46.0

167.7

(<053.463.5

114.024.1

33.933.230.048.7

16.1

31599

.288

9.2.279

1,818620

.380122

240

60760286

1,0481,0171,428

117

449701

.073

.620.099

11,907

281.3123.8

255.893.0

176.861.4

.256

44.955.472.8

405.8210.8394.2

21.96.6

165.0

(d)49.669.5

107.818.5

38.233.235.745.6

15.6

283100

.320

8.9.303

2,7024,816

1, 599476

.380191

247

92538205

'1,0511,0271,149

587

444103

3

.073

.620.099

9,931

276.0127.6

251.881.3

168.257.9

.256

43.845.170.2

373.5200.7408.8

13.05.7

160.4

(d)44.562.9

107.734.2

39.135.834.946.8

16.2

23998

.283

12.4.291

2,103778

.375167

238

670542152

862840

1,418

32

324497

.074

.615

.100

8,196

284.7126.0

238.270.0

186.661.3

.256

42.940.372.8

387.1194.4434.6

9.05.7

165.1

37.354.468.494.531.4

38.939.740.143.0

15.8

15096

.298

17.8.316

1,845637

.375166

248

1,090327117

829818

2,217

106

r287291

.074

.617

.100

10, 144

294.2123.4

229.580.9

176.853.3

.256

45.744.469.7

395.7192.2441.9

11.65.7

168.1

35.542.761.4

100.535.2

35.532.734.241.3

16.5

8689

.315

26.1.310

2,4145,592

1,424316

.373'127

253

97833999

848827

'2,870

27

43413851

.073

.618

.099

13,857

' 268. 2139.2

' 232. 5'92.8

189.359.9

.256

'46.0'39.7'73.2

' 394. 0' 188. 9' 424. 6

'5.9'6.2

' 146. 3

34.635.5

'53.1' 133. 6

16.2

'33.835.1

'35.6'37.7

16.6

'7585

.310

35.8.320

2, 202631

.378139

'227

2,12824

*2,832

85

201134

.074

10, 910

267.5141.7

247.393.9

202.858.6

46.838.782.2

414.9203.9488.7

.46.0

147.3

32.352.261.2

144.2115.8

34.836.435. 736.6

15.7

7680

.278

.300

.375

199

.074

' Revised. * Preliminary. d Data withheld to avoid disclosure of operations of in-dividual firms.

1 Annual total reflects revisions not distributed to the monthly data. 2 Beginning July1967, prices based on 1967 benchmark; 1967 average is for July-Dec, period. July 1967 price onold bases, $0.631.

O Cases of 30 dozen. cfBags of 132.276 Ib. § Monthly data reflect cumulative revisionsfor prior periods. 9Includes data not shown separately; see also note " §".. AFor dataon lard, see p. S-28. ©Producers' and warehouse stocks. UFactory and warehousestocks.




1966 | 1967

Annual

1967


1968

Jan. Feb.


FATS, OILS, AND RELATEDPRODUCTS- Continued

Vegetable oils and related products— ContinuedCottonseed cake and meal:

Production thous sh. tonsStocks (at oil mills) , end of period do

Cottonseed oil:Production* Crude mil. Ib

Refined doConsumption in end products . doStocks, crude and refined (factory and ware-

house), end of period mil. IbExports (crude and refined). do - _Price wholesale (drums; N.Y.) _ $ per Ib

Linseed oil:Production, crude (raw) mil. IbConsumption in end products _ _ do _ _Stocks, crude and refined (factory and ware-

house) , end of period - _.mil. lb.Price wholesale (Minneapolis) $ per Ib

Soybean cake and meal:Production thous sh. tonsStocks (at oil mills) , end of period do

Soybean oil:Production' Crude mil. Ib

Refined do _Consumption in end products doStocks, crude and refined (factory and ware-

house) end of period mil. IbExports (crude and refined) do._ _Price wholesale (refined* "N" Y- ) $ per Ib

TOBACCOLeaf:

Production (crop estimate) mil. l b _ _Stocks, dealers' and manufacturers' end of period

mil. IbExports, incl scrap and stems thous. lb_Imports incl scrap and stems do

Manufactured:Consumption (withdrawals):

Cigarettes (small):Tax-exempt millionsTaxable do

Cigars (large) taxable doExports cigarettes millions

2,381.494.2

1, 674. 61, 506. 41, 258. 1

381.8184.0.178

454.2234.7

208.4.128

12, 614. 4120.0

5,811.25, 152. 05, 210. 2

510.9684.8.140

21,888

5,353551, 162179, 336

46, 112522, 532

7,07623,453

1, 570. 6146. 7

1, 137. 51, 050. 8

997.0

252.1172.1

365.8213.3

213.3

13, 065. 1177.0

5, 991. 75, 072. 85, 207. 5

655.1i 912. 3

2 2, 007

5,4861 571, 5591 197, 109

48, 971527 798

6,84523, 652

237.6111.6

168.0128. 782.5

434.93.7

.151

33.319.1

205.9.128

1,157.6134.1

529.0460.4452.2

566.124.3127

36, 93014,907

3,40641,319

5371,769

179.1126. 1

126.6117.186.3

476.94.6

.158

29.719.3

204.9.128

1,022.3111.0

468.8410.4418. 7

581.645.7127

34, 79116,680

3,96739, 936

4771,731

184.0148. 1

128.7122.886.9

514.08.7

.158

31.319.1

206.5128

1,083.786.3

496.8446.0455.6

535.8120.2

128

5,33939,11113, 488

4, 59343, 591

5922,202

106.8166.9

73.9108.590.5

476.925.4.158

30.220.2

204.7.128

1, 080. 9146.1

502.8387.4404.4

600.441.0127

53, 27315 305

3,97244, 084

5722,059

63.3160.9

43.587.591.9

416.711.6.158

32.522.5

211.8.128

1,107 6111.7

514.7424.8436.8

633.766.5127

48, 09114 828

4,32148, 101

6391,943

67 5157.8

49.672.678.3

364.72.0

.160

35.419.6

199.2.128

1, 103 6122.1

513 5450.3450.6

591.0131.0

122

4 88039, 44419 089

5, 26248 123

5292,396

44.2148.4

30.242.673.4

298.36.2

.150

7.216.9

184.1.128

1,061.7141.3

494.1377.0373.2

632.286.2114

31, 42514 899

4,14141,376

4852,270

65.9133.2

45.447.780.6

246.02.6

. 152

32.918.1

185.4128

1 029 5102 3

480 1432.7443 7

687 543.1

122

43, 45819, 985

3,49551,658

6481,917

49. 1104.9

33.532.974.7

207.03.0

.154

37.816.9

187.4.127

972.9109.6

459.5398.2450.1

595.0118.0

115

4,99559, 43916, 876

3,89443, 835

6051,811

143.5121.6

100. 255.179.4

198.75.6

.150

35.315.6

196.6.132

1,136.9151.6

515.1428.2448.5

571.379.1111

50, 65620 487

3,87046, 653' '7101,680

229.0137.1

167.1111.687.4

228.64.7

35.913.9

222.6.132

1, 180. 1165.5

515.7414.8436.2

570.1114.3

109

66, 83417, 520

4,14842, 529

6091,824

r 196. 8r 146. 7

r 140. 8«• 123. 7

85.1

r 252. 13.4

••24.3T 12. 1

«• 213. 3

rl, 128.3T 177. 0r 501. 6' 442. 6r 432. 7

r 655. 140.1

5,48668, 82213, 892

3,90236, 593

4412,049

197. 9161.1

143.8137.385. 5

314.94.5

27.614.4

222.8

1, 126. 5127.6

498.9428.5456.7

682. 330.3

44, 29616 337

3,48441, 081

5571, 599

LEATHER AND PRODUCTS

HIDES AND SKINSExports:

Value total 9 thous $Calf and kip skins thous. skinsCattle hides thous hides

Imports:Value total 9 thous $

Sheep and lamb skins thous piecesGoat and kid skins do

Prices, wholesale, f.o.b. shipping point:Calfskins packer heavy 9/-^/15 Ib $ per IbHides steer heavy native over 53 Ib do

LEATHERProduction:

Calf and whole kip thous skinsCattle hide and side kip thous hides and kipsGoat and kid thous skinsSheep and lamb do

Exports:Tipper and lining leather thous. sq. ft

Prices, wholesale, f.o.b. tannery:Sole bends light index 1957-59 — 100Upper, chrome calf, B and C grades

index 1957 59 — 100

LEATHER MANUFACTURESShoes and slippers:

Production total thous pairsShoes, sandals, and play shoes, except athletic t

Slippers | doAthletic doOther footwear do

Exports do

Prices, wholesale, f.o.b. factory:Men's and boys' oxfords, dress, elk or side

upper Goodyear welt index 1957 59 — 100Women's oxfords, elk side upper, Goodyear

welt index 1957 59—100Women's pumps, low-medium quality _ _ _ d o

155, 6232,582

14, 307

88, 99536 99810, 331

601.177

4 72023 83013 37229 302

65 704

3 114 5

105 5

646 897

536 583100 633

6 5762,838

2 737

120 9

111 0121.2

127 8932,626

11 987

61 20036 044

7 109

460190

4 00823 4068 682

28 375

71 769

97 9

99 §

603 214

497 26396 9486 8412 161

2 217

199 9

113 1125. 8

12, 608175

1,171

5 5001 859

865

500134

2991 912'907

2 012

5 511

103 2

103 2

52 534

45 5716 158

577228

157

123 5

111 4122.9

15, 404230

1 324

5 6002 510

793

575129

3321 924

7422,153

4 869

107 4

101 6

49 890

42 4636 723

532172

174

123 5

111 4124.5

13 169265

1 103

6 2003 857

576

500129

3499 085

8412 251

6 192

106 0

99 2

53 819

44 6658 351

634162

237

123 5

111 4124.7

11,300198

1,154

6 3004 079

457

450125

3201 895'752

2 201

3 691

104 6

98 3

46 30°

38 4667 088

585163

164

121 5

113 7124.7

12, 546264

1,090

5 2003 846

721

450119

3799 050

' 7772,459

5 565

101.1

98 3

48 744

39 5528 364

613215

162

121 5

113 7124.4

8,801351757

5 4003 194

531

450130

3401 983

7692 402

8 933

98 2

95 3

49 094

39 7778 504

583160

191

121 5

113 7125.2

8 593174735

5 3002 925

740

400125

2261 461

4851 808

4 415

95 4

88 1

40 932

34 0276 444

342118

162

121 5

113 7124.9

8,640138842

4,1002,503

558

.400

.110

3702 059

6242,778

5,631

95.4

88 1

58 249

47 31410 121

611203

207

121 5

113 7123.9

8 700160912

4 5002 833

510

410125

2941 899

6632 557

7 260

91 2

83 5

50 545

40 3569 445

555189

212

122 0

113 7125.5

8,873221931

4,2003 460

479

430105

3742 102

7572,607

6 301

90 5

84 2

53 858

43 1759,882

618183

179

124 5

113 7129.5

10, 783233

1,131

4,4001,804

488

460.108

3782,070

7812,748

6,883

90.5

85 8

r51 558

r41 345r 9 428

"•608177

207

124 5

113 7129.6

8,476217837

4,5003,174

391

500.098

3471,977

6802,399

6, 520

91.2

87.9

47 766

40 5526,440

583191

167

125 7

113 7129.9

15, 701208797

2 330614

6,732

144

T Revised.1 Annual total reflects revisions not distributed to the monthly data.2 Crop estimate for the year, s Average for 11 months.

9 Includes data for items not shown separately.tRevisions for 1966 (thous. pairs): Shoes, sandals, etc., June, 44,962; July, 38,471; Oct.,

43,372; slippers, June, 8,901; July, 6,560; Oct., 10,665.




1966 1967

Annual

1967


1968

Jan. Feb.

LUMBER AND PRODUCTS

LUMBER— ALL TYPES

National Forest Products Association:Production, total mil. bd. ft

Hardwoods ._ _ _doSoftwoods do

Shipments total doHardwoods doSoftwoods - _ - -do

Stocks (gross) , mill, end of period, total... doHardwoods _do__Softwoods _ ' do__ .

Exports, total sawmill products. _ _ _ _ _ _ d o _ _ _Imports, total sawmill products __ _ _do

SOFTWOODSDouglas fir:

Orders, new mil. bd. ftOrders, unfilled, end of period. . - do _ _

Production -doShipments do_ __Stocks (gross) , mill, end of period do

Exports, total sawmill products. _ doSawed timber. d o _ _ _Boards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. L.

$perM bd. ft_.Flooring, C and better, F. G., 1" x 4", R. L.

$ per M bd. ft

Southern pine:Orders new mil, bd. ftOrders unfilled, end of period do .

Production _ _ d oShipments doStocks (gross) , mill and concentration yards, end

of period _ __ __ ..mil. bd. f t _ _Exports, total sawmill products M bd. ftPrices, wholesale, (indexes):

Boards, No. 2 and better, 1" x 6", R. L.1957-59=100

Flooring, B and better, F. G., I" x 4", S. L.1957-59=100

Western pine:Orders new mil. bd. ftOrders, unfilled, end of period. _ _ _do_ _

Production doShipments _ _ _ doStocks (gross), mill, end of period doPrice, wholesale, Ponderosa, boards, No. 3, 1" x

12", R. L. (6' and over) _ _$ per M bd. f t_

HARDWOOD FLOORING

Maple, beech, and birch:Orders, new mil bd. ftOrders, unfilled, end of period- doProduction do.-Shipments doStocks (gross) , mill, end of period do

Oak:Orders, new doOrders unfilled end of period doProduction doShipments doStocks (gross) mill end of period do

36, 4337,563

28, 870

36, 6628, 075

28, 587

»• 5, 747r 1, 080r 4, 667

1,0095,120

8,480486

8,6018,6151 026

401110290

85.62

165 87

6 419274

6,6546 511

1,23099, 202

105.1

106.2

10, 295427

10,33710, 4031,666

69.39

31.216.325.126.71.8

618. 126 0

685.6654.458 3

2 34, 5952 7, 185

2 27 4102 34 948

2 7, 3562 27, 592

5, 8101,3914,419

1,1124,987

2 7, 934580

2 7, 8642 7, 840

1 006

388113275

85.54

169 99

6 717307

6,7516 684

1,29787, 436

103 4

106 0

2 10 375557

2 10 0232 10 245

1,445

71 95

26.115.428 426 54.4

547 020 1

551. 2552.257 9

"2 536554

1 982

2 577650

1 927

5,8101 1064,704

76300

678568

613596

1 057

341024

83.94

169 11

487288

514473

1,2716,566

101 0

106 2

732476

652683

1,635

65.88

1 716.21 91 91.9

45 926 744.045.257 1

2,671560

2 111

2 736615

2,121

5,8801,1254,755

67339

603602

612568

1 101

278

19

80.91

170 31

524310

510502

1,2797,042

101.0

105 8

865501

770841

1,564

66.40

2.216.71.81.82.0

48.331 742.443.056 4

3,161610

2 551

3 112678

2,434

5,9311,1274,804

87502

668600

739670

1,170

319

22

84.06

171.47

582294

605598

1,2868,329

101.6

105.8

904503

947902

1,609

69.55

3.017.52.22.12.2

61.139.451.653.453.9

2,900648

2,252

2 954623

2,331

5,9351,1864, 749

95419

657589

670668

1,185

351025

82.96

171. 47

540291

526543

1,2696,425

101.4

105.8

871511

820863

1,566

73.32

3.118.02.12.22.2

39.434.846.444.055.9

3,039628

2,411

2 987571

2,416

5,9681,2154,753

98432

677562

729704

1,210

379

28

82.40

172. 63

566292

588565

1,2928,502

102.2

105.1

884507

847888

1,526

74.16

2 317 22 52 42 3

43 131 849 946 560 3

2,976621

2,355

2,961563

2,398

6, 0131,3004,713

131496

704567

656699

1 167

481830

83.24

172 05

575294

583573

1,3027 026

103 1

105 1

845495

862857

1,531

73 87

2.617.42 42.42.3

45 328 447.247 961 4

2,654578

2,076

2,773529

2,244

5,9091,3744,535

89418

644606

539605

1,084

277

21

82.82

170 86

519283

517530

1,2895,989

103.6

105 2

920525

824890

1,465

73 83

2 217 42 42 02 5

42 228 738 641 958 0

3,124594

2,530

3, 137581

2,556

5,9021,3994,503

100598

708597

716716

1,084

304

26

86.09

170. 86

637316

586604

1,2716,496

103.7

105.6

955510

973970

1,468

73.12

2.217.02.92.92.9

61 133 852.056 154 0

2,970605

2,365

3,043613

2,430

5,8571,4144,443

90431

595528

634665

1 053

321121

90.71

169. 30

589315

584590

1,2656,220

105.0

106.4

898479

911929

1,450

73.18

1 216 42 52 l3 3

43 228 047 449 052 3

3,066613

2,453

3,025605

2,420

5,8721,4414,431

103415

624502

683649

1,045

329

23

89.63

168. 63

599294

592620

1,2378,795

105.2

106.7

904484

923899

1, 474

74.39

2 116 62 42 53 0

41.123 949.345.854 7

2,864564

2 300

2 853611

2,242

5,9071,4264,481

82380

660505

662658

1 049

249

15

89.20

167 96

572277

610589

1, 2588 817

106.5

107.2

793504

795773

1,496

73.73

1 815.82 72 43.5

40 021 945.442 158 1

2,549513

2,036

2 700603

2,097

5,8101,3914,419

95256

693580

574618

1,006

321022

90.43

165 24

527307

536497

1,2977,229

107.0

107 4

835557

731782

1,445

71.94

1.715.42 51.84.4

36 120 137.137.357 9

2 539316

2 223

2 655544

2,111

5, 8121,3464,466

100407

681621

700640

1 018

369

27

577328

574556

1,3158 674

756607

714706

1,453

1.715.22 72.15.0

42 020 541.140.658 4

METALS AND MANUFACTURES

IRON AND STEELExports:

Steel mill products thous. sh. tonsScrap doPig iron. • _ _ do

Imports:Steel mill products doScrap ___ _ _ _ _ doPig iron _ do

Iron and Steel Scrap

Production thous sh tonsReceipts doConsumption doStocks, consumers', end of period do

Prices, steel scrap, No. 1 heavy melting:Composite (5 markets) $ per Ig. ton

Pittsburgh district .. _ do

1 7245 857

12

10 753464

1 252

55 46336 60691 5848,193

29.9531.00

1 6857 635

7

11 455286

2 631

3 27. 5127.00

205491

(i)

7823144

4 4662 7027 2548 102

27.50

190544

(i)

7441246

4 1422 4626 9047 798

27 3827.00

162776

(i).

8822437

4 6102 9097 4927 826

28 5327.00

160641

I

8281641

4 3933 1507 0627 835

26 9826.50

137805

1

1 0302663

4 4513 2597 2907 770

26 7926.00

122811

Cn

9632741

4 1983*1196 7847 854

27 2326.00

103716

cn

9652249

3 8032 6746 0587 861

27 1826.00

118657

5

9852262

4 3513 0587 0097 871

27 5927.00

106779

(i)

9562922

4 2933 0706*9377 840

28 2827.00

129610

(i)

9992157

4 4883*2387*3977 709

26 5526.00

128451(i)

1 3082871

27.4827.50

127353

(i)

1,0132878

28.6530.00

141485

(i)

1, 1023414

r Revised. * Preliminary. i Less than 500 tons. 2 Annual total reflects revisionsnot distributed to the monthly data. 3 For Feb.-Dec. * Corrected.




1966 1967

Annual

1967


196S

Jan. Feb.

METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Ore

Iron ore (operations in all U.S. districts):Mine production thous Ig tonsShipments from mines doImports do

U.S. and foreign ores and ore agglomerates:Receipts at iron and steel plants doConsumption at iron and steel plants doExports - - do

Stocks, total, end of period. _ _ doAt mines doAt furnace yards doAt U S docks do

Manganese (mn. content), general imports, do

Pig Iron and Iron Products

Pig iron:Production (excluding production of ferroalloys)

thous. sh. tons..Consumption doStocks (consumers' and suppliers'), end of period

thous. sh. tons.-Prices:

Composite $ per Ig. tonBasic (furnace) doFoundry No 2 Northern do

Castings, gray iron:Orders, unfilled, for sale, end of period

thous. sh. tons__Shipments total do

For sale doCastings, malleable iron:

Orders, unfilled, for sale, end of periodthous. sh.tons..

Shipments total doFor sale - do

Steel, Raw and Semifinished

Steel (raw) :Production thous sh tons

Index daily average 1957-59=100Steel castings:

Orders, unfilled, for sale, end of periodthous. sh. tons_.

Shipments total doFor sale total do

Steel Mill Products

Steel products, net shipments:Total (all grades) doByproduct:

Semifinished products doStructural shapes (heavy), steel piling doPlates doRails and accessories. __ do_. _

Bars and tool steel total doBars: Hot rolled (incl. light shapes) do

Reinforcing doCold finished... do. .

Pipe and tubing doWire and wire products . doTin mill products doSheets and strip (incl. electrical) , total. _ . do

Sheets* Hot rolled doCold rolled do

By market:Service centers and distributors do

Contractors' products do

Rail transportation _. . doMachinery, industrial equip., tools. d o _ _ _

Other do

Steel mill products, inventories, end of period:Consumers' (manufacturers only).. mil. sh. tons.

Receipts during period do .Consumption during period do

Service centers (warehouses) doProducing mills:

In process (ingots semifinished etc ) doFinished (sheets, plates, bars, pipe, e t c . ) -do___

Steel (carbon), finished, composite price $ per lb_r Revised. » Preliminary.1 Revised total; monthly revisions are not availab

90, 70490, 58346, 259

128, 225127, 694

7,779

' 69, 431' 12, 066

54, 6582,707

1, 293

i 91, 50091, 770

2,962

62.7463.0063.50

96215, 7168,927

1821,133

688

134,101138.1

5902,1551,792

i 89, 995

3,8066,7649,1031,776

14, 5239,1263,2761,9999,2333,4955,828

35, 46810, 13715, 972

i 16, 400i 11, 862

i 4, 9691 17, 984

i 4, 332i 5, 747i 6, 597

i 22, 104

10.165.167.9

5.4

9.89.2

.0842

le.

84, 19583, 359

i 44, 627

119, 435118, 982

5,944

71, 11613, 00855, 1212,987

1,086

i 86, 976

62.7063.0063.50

91414, 3148,115

1211,040

615

126,920130.7

2951,8571, 554

183,897

4,0616,1337,9481,434

13,0537,9613,2491,7338,9693,1336,591

32, 5749,312

14, 709

i 14, 863i 11, 375

i 4, 582i 16, 488

i 3, 225i 4, 994i 7, 255

1 21, 115

P 9.1P 62.5» 63.5

v 5.3

p 12.5P 9.6

.0850

4,7731,8692,864

3,40010, 203

252

66, 28015, 79347, 8432,644

124

7,3747,355

3,036

62.7063.0063.50

9401,220

636

1619054

10,633128.9

557171145

7,292

348534701137

1,1424 741

219170801247555

2,827799

1,299

10.15.35.3

5.5

9.99.1

.0848

4,5761,7722,049

3,3919,370

366

63, 05518, 63741, 8642,554

134

6,8046,853

2,995

62.7063.0063.50

9451,113

606

1478554

10, 041134.8

510165139

6,531

360508668144

1,059673215160557249510

2,476710

1,089

10.04.84.9

5.3

10.19.3

.0848

5,0491,7781,712

3,75310,479

346

59, 34921, 90835, 1382,303

112

7,5877,555

3,066

62.7063.0063.50

9271,246

675

1409560

10, 963132.9

454189159

7,562

403591784169

1,212755268177705288638

2,772794

1,208

3 8422,6501,0893 928

9951,3571 8295,677

9.95.45.5

5.3

10.09.3

.0848

6,2775,4942,629

6,9889,816

736

57,14122,51532, 3112,315

60

7,2157,117

3,161

62.7063.0063.50

8961,180

653

1348148

10, 349129.6

404162136

6,763

326536665154

1,069650267143722270589

2,432686

1,085

9.44.95.4

5.7

10.59.1

.0848

2 F C

9,03911,1194,582

14, 34910, 015

626

59, 24220,43536, 6452,162

61

7,3217,288

3, 224

62.7063.0063.50

9191,262

698

1339355

10, 577128.2

373165139

7,247

316538667147

1,106662279156897275564

2,737796

1,238

9.05.35.7

5.6

10.79.0

.0848r month

9,41910, 9985,273

15, 2408,853

585

64, 06918, 85643, 0322,181

85

6,6396,605

3,299

62.7063.0063.50

8961,256

709

1318853

9,576119.9

342168142

7,029

291481660125

1,093637297149908280601

2,590773

1,111

3 7063 1611 1973,793

8991,2211 9525,109

8.75.15.4

5.3

10.48.7

.0848

shown.

9,52611, 3734,204

15, 0379,222

739

68, 20317, 04248, 8472,314

60

6,6966,678

3,354

62.7063.0063.50

882934581

1326441

9,620116.6

328124105

6, 221

26444857495

958560278113736229541

2,377695

1,067

9.14.54.1

5.2

10.88.7

.0848

9,69710, 6315,377

14, 3739,456

337

72,37516, 10353. 764

2, 508

69

6,9517,102

3,204

62.7063.0063.50

8961,240

747

1378551

10, 300124.8

317138113

7,169

32749264598

1,124663312142820276596

2,790793

1,267

9.15.35.3

5.4

10.78.7

.0848

8,8759,8163,500

12, 6279,562

524

74, 72715, 16256,8292,736

121

7.0557', 198

3,068

62.7063.0063.50

8971,169

703

1328951

10,438130.7

319138116

6,700

32949459778

1,024617288112718267685

2,508726

1,121

3,4752,8761 1334 029

6341,1031,9564,885

8.85.15.4

5.3

11.18.8

.0852

7,3678,7144,946

12, 63110, 307

674

75,90313, 81559, 1532,935

66

7,5307,631

2,960

62.7063.0063.50

9091,235

742

1229549

11, 171135.4

303143118

7,181

36351164094

1,108650311137710270560

2,924841

1,301

9.15.75.4

5.2

11.68.8

.0854

4,7666,5024,377

10, 65110, 479

417

73,80411, 47059,3253,009

96

7,626

62. 7063. 0063. 50

'850' 1, 262

'716

'1208951

11, 299141.5

'300'145'119

7,310

37151869188

1,136702281144725253333

3,196885

1, 508

9.25.75.6

5.3

11.89.1

.0855

4,8313, 2933,328

6,99511, 220

342

71, 11613, 00855, 1212,987

97

8,182

62.7063.0063.50

9141,197

649

1218648

11,953144.9

295149123

7,003

376493680109

1,044672236128662225427

2,986823

1,435

3,8642,7221,1684,774

7021,2751,5175,470

'9.1' 5.4'5.5

p 5.3

12.5'9.6

.0860

2,390

346

108

8,097

12,015145.6

7,758

380495759127

1,138749218161730267573

3,290947

1,573

2 1, 28529082374

2 1, 787

2283•2523

26462 1, 952

p 9.6p 6.1P 5.6

P 12.2p 10.0


March 1968 SURVEY OF CUEEENT BUSINESS S-33


1966 1967

Annual

1967


1968

Jan. Feb.


NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary (dom. and foreign ores)

thous. sh. tonsRecovery from scrap (aluminum content) do

Imports (general):Metal and alloys, crude doPlates, sheets, etc _ - - do

Exports metal and alloys, crude do

Stocks, primary (at reduction plants), end ofperiod thous. sh. tons

Price, primary ingot, 99.5% minimum.__$ per lb. _

Aluminum shipments:Ingot and mill products (net) mil. lb

Mill products total doPlate and sheet (excluding foil) do

Castings! do

Copper:Production:

Mine recoverable copper thous sh tonsRefinery, primary do

From domestic ores doFrom foreign ores do

Secondary, recovered as refined do

Imports (general) :Refined, unrefined, scrap (copper cont.) do

Refined doExports:

Refined and scrap doRefined do

Consumption refined (by mills etc.) doStocks, refined, end of period do

Fabricators' doPrice bars electrolytic (N Y ) $ per lb

Copper-base mill and foundry products, shipments(quarterly total) :

Copper mill (brass mill) products mil. lbCopper wire mill products (copper cont ) doBrass and bronze foundry products do

Lead: AProduction:

Mine, recoverable lead thous. sh. tonsRecovered from scrap (lead cont ) do

Imports (general), ore (lead cont.), metal doConsumption total do

Stocks, end of period:Producers', ore, base bullion, and in process

(lead content), ABMS thous. sh. tonsRefiners' (primary), refined and antimonial

(lead content) thous sh tonsConsumers' (lead content) cf doScrap (lead-base, purchased), all smelters

(gross weight) thous. sh. tonsPrice, common grade (N.Y.) $ per lb__

Tin:AImports (for consumption) :

Ore (tin content) Ig tonsBars, pigs, etc do

Recovery from scrap total (tin cont ) doAs metal do

Consumption, pig, total doPrimary do

Exports, incl. reexports (metal) doStocks, pig (industrial) end of period doPrice, pig, Straits (N.Y.), prompt $ pe r lb__

Zinc: AMine production, recoverable zinc

thous sh tonsImports (general):

Ores (zinc content) . doMetal (slab, blocks) do

Consumption (recoverable zinc content) :Ores doScrap, all types do

Slab zinc:Production (primary smelter), from domestic

and foreign ores thous sh tonsSecondary (redistilled) production doConsumption, fabricators' doExports doStocks, end of period:

Producers', at smelter (AZI)O - do -Consumers' do

Price, Prime Western (East St. Louis).$ per lb- -

2968 4808 0

521.8119.1188 2

74.8.2450

8,799. 26 459. 12 942. 31 633 7

1 429 21,711.0] 353 1

357 9472.0

596.7162 7

334 7273 I

2 382 0240.0174 03617

3,3262 494

i i 007

327.4*572 8

431.3U 323 9

142.2

23.44 90 3

4 52.8.1512

2 4, 37241,62425 3183 315

85, 48660 209

3 06922 6871.6402

572 6

521.3277.4

i 126 71 269 6

1 038 172 4

1 410 21.4

4 64. 8122 7.1450

450.556.3

209.0

.2498

8, 863. 56, 371. 72,871.81, 534. 7

949.81, 133. 0

846 6286.4394.5

644.1328.3

241.8159.4

1, 948. 2p 172. 7p 117. 3

5 3823

2,5952,360

311.1545 3

488.41 240 2

160.2

23.6100 4

54.8.1400

3,25549, 924

i 78, 5851 57, 310

2,50919 3051. 5340

546 4

534.1221 4

106 1223 1

943 067 7

1 217 816 8

84.3

.1384

265 267 0

36 67.7

20 5

76 6. 2474

727 6495 4224 9145 4

122 4148 9122 326 640 9

43 120 3

21 715 7

204 5233 9169 43787

25 345 4

45.3106 6

157.9

24 992 6

45 9.1400

173,6621 910

2657,0005 040

73722 4001. 5388

43 6

47.927.2

9 119 1

95 15.7

107 8.1

78.1115.5.1450

243 662 0

32 76 5

24 9

69 1.2500

739 8519 1239 2128 4

117 8138 6111 527 i33 1

58 419 8

22 416 0

197 8227 1160 63810

25 342 2

42 297 3

154 8

29 790 2

46 8.1400

3932 8831 945

2656 7204 875

40220 6651. 5438

43 7

51.211.1

8.718 9

84.15.4

104.8(3)

83.8105.2.1450

274.472 0

41.16.8

24.0

69.8.2500

767.7559.8241.8136.4

132.9151.8124.926.941.0

42.613.3

32.724.9

217.9242.3177.5.3808

745644241

29.448.0

46.6110.9

154.8

29.598.6

46.3.1400

1224,2681,940

2607,2605,275

23520 5001.5371

50 1

48.626 9

10 219 2

89 25.4

105.8.3

87.9108.5.1450

268.467 0

44.55.3

21.9

83.1.2500

730.4524.2243.3128.4

r 131. 9138.3114 923 442.3

45.421 3

27 721 5

187 0240 8193 63817

29.043 3

36 2104 9

154 7

32 297 3

49 3.1400

325,3501 885

2706,6854 740

20920 8251. 5333

48 7

46.814.9

9.318 8

86.05.7

97.3.1

103.7103.7.1450

278 965 0

39.04.5

19.6

93 3.2500

752. 1565 7242 5135.8

130 4160 0129 830 242 7

55, 218 2

20 616 0

191 7270 7205 63812

31.545 5

34,, 6108 8

159.1

33 793 5

50.4.1400

1793,9331 955

2707, 5705,350

25720, 2651.5311

49.9

56.915.4

8.819.0

87.65.4

100.4(3)

113.497.3

.1356

270 163 0

37 94.7

18 3

109 8.2500

751.0549 2254 2133 3

127 0161 9130 031 943 2

59.322 5

32 928 7

192 2289 6223 63808

649608249

27.440 9

54.0103 8

158.8

31.6105 3

50.8.1400

03,3282,010

2807,0655,125

16520 5601. 5494

47 6

64.017.0

8.018.5

83.04.9

99.810.6

105.696.0

.1355

277.058.0

26.43.6

20.3

142.0.2500

658.3486.9216.998.6

r 66.588.870 318.627.9

39.918.2

24 218.3

102 2318.4247 83830

24.239 2

38 285 4

165.0

31.5114 2

51.3.1400

04,3591,620

3205,9954,370

6520, 9751. 5439

44.3

45.218.3

7.617.7

73.84.8

83.74.3

117.9101.2.1350

277.664.0

30.73.4

12.3

170.6.2500

743.3527.4227.5133.6

r31.742.927.315.620.5

36.617.9

11.34.3

142.5279.2210. 33909

24.548.7

43.6102.6

171.2

28.2112.8

49.9. 1400

03,3021,775

2756,2204,690

24019, 8551. 5250

48.7

37.620.6

8.618.4

70.25.1

102.91.1

116.793.0

.1350

270.465.Q

43.03.1

12.8

187.6.2500

745.8534.3243.1115.2

22.430.08.3

21.722.8

57.826.9

12.54.9

133.5238.1172.5

605529232

23.346.9

30.3100.9

169.8

22.7108 5

46.8.1400

9644,3051 530

3056,0254 530

3918 6071. 5101

43.2

28.316.1

8.318 2

68.35.8

99.5.1

109.388.7

.1350

283.865.0

35.33.1

11.0

204.9.2500

760.8560.6255.5121.6

23.537.84.5

33.229.6

61.445.0

12.14.2

p 134. 9p 204. 4p 139. 5

24.348.6

41.2109.8

173.4

19.5106.0

47.9.1400

1,0134,4161,615

2956,1504,545

3019, 2501. 5199

42.1

29.811.9

8.618.6

65 67.0

108. 6.1

94.589.2

.1350

277. 2

37.74.2

12.4

216.1.2500

736.6539.2245.0130.1

21.816.0

27.4

79.958.1

13.32.9

P 122. 6p 185. 1p 124. 1

21.950.1

42.5104.5

168.8

19.1102.0

48.2.1400

685,3431,660

2856,1654,485

7517, 5901. 5501

41.3

44.823.0

10.018.6

68.56.5

106. 5(3)

89.090.9

.1350

45.73.4

11.1

.2500

750.2509.8237.9127.9

21.518.1

23.3

64.447.5

10.42.0

p 121. 4p 172. 7p 117. 3

596579

21.946.6

33.6104.6

160.2

.1400

4674,775

6,2654, 655

3619, 3051. 5259

41.1

32.819.0

8.918.1

71.66.0

100.7.1

84.397.3

.1350

54.64.7

13.3

.2500

21.817.7

21.2

99.578.3

9.42.5

p 109. 8p 169. 5p 107. 6

43.9

166.1

.1400

05,473

190

1. 4788

50.329.3

.7

73.4

.1350

.2500

.1400

1. 4563

66.4

.1350r Revised. p Preliminary. i Revised total; monthly revisions are not available.2 Total for 11 months. 3 Less than 50 tons. 4 Reported yearend stocks. See BUSINESS

STATISTICS note. 5 Jan.-Aug. average.Êffective 1966, estimates are derived from a new sample and are not directly comparable

with earlier data; see note in Feb. 1967 SURVEY.

AData reflect sales from the Government stockpile.cf Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-base

scrap.©Producers' stocks elsewhere, end of Feb. 1958,11,200 tons.




1966 1967

Annual

1967


1968

Jan. Feb.


HEATING EQUIPMENT, EXC. ELECTRIC

Radiators and con vectors, shipments:Cast-iron - - _ _ _ mil. sq. ft. radiation _Nonferrous do

Oil burners:Shipments - __ _ _ - _ _thousStocks end of period do

Ranges, gas, domestic cooking (incl. free-standing,set-in, high-oven ranges, and built-in ovenbroilers) shipments thous

Top burner sections (4-burner equiv ), ship do

Stoves, domestic heating, shipments, total-- do__ _Gas do

Warm-air furnaces (forced-air and gravity air-flow),shipments, total-. - _thous _

Gas doWater heaters, gas, shipments _ do

MACHINERY AND EQUIPMENT

Foundry equipment (new), new orders, netmo. avg. shipments 1957-59=100

Furnaces (industrial) and ovens, etc., new orders(domestic), net _ mil. $

Electric processing doFuel-fired (exc. for hot rolling steel) do

Material handling equipment (industrial) :Orders (new) index seas adj 1957-59 ~ 100

Industrial trucks (electric), shipments:Hand (motorized) numberRider-type - do

Industrial trucks and tractors (internal combustionengines) shipments number

Machine ôols:Metal cutting type tools:f

Orders new (net), total mil. $Domestic do

Shipments total doDomestic do

Order backlog, end of period . do

Metal forming type tools :fOrders, new (net), total do

Domestic doShipments, total do

Domestic _ doOrder backlog, end of period do

Other machinery and equip., qtrly. shipments:Construction machinery (selected types), total 9

mil. $Tractors tracklaying total doTractors wheel (con off-highway) doTractor shovel loaders (integral units only),

wheel and tracklaying types mil $Tractors, wheel (excl. garden and contractors'

off-highway types) mil $Farm machines and equipment (selected types),

excl tractors mil $ELECTRICAL EQUIPMENT

Batteries (auto, replacement), shipments thousHousehold electrical appliances:

Ranges, incl. built-ins, shipments (manufac-turers'), domestic and export thous

Refrigerators and home freezers, output1957-59=100

Vacuum cleaners, sales billed thousWashers sales (dom and export) doDriers (gas and electric), sales (domestic and

export) thous

Radio sets production© doTelevision sets (incl. combination), prod.O doElectron tubes and semiconductors (excl. receiving,

power, and spec, purpose tubes), sales mil $Motors and generators:

New orders, index, qtrly 1947-49—100New orders (gross) :

Polyphase induction motors 1-200 hp mil $D.C. motors and generators, 1-200 hp do

19.7290.4

1 559. 53 44.1

1 2, 135. 6234 1

1 1, 482. 31, 033. 8

1, 525. 11 1,211. 32, 488. 9

279.9

179.323.995.9

207 2

10, 39012, 404

47, 043

1,629.901, 483. 101,221.751,097.501 , 306. 7

445. 72401 35463. 45436. 85394 4

i 1,922.4i 47(5 Q

162 3

i 412 9

1 005 9

r\ 220 6

32 124

2 028 0

163 05 582 74 406 3

2 360 8

23 59512 402

i§68 3

239

e 113 351 3

625.627.3

1, 313. 0928.9

1,401.31, 079. 82, 511. 1

300.5

140.7112.3171.6

11, 13312, 174

41, 996

1, 134. 951, 024. 651 353.201,211.051, 088. 5

286. 65248 15452. 75406. 90228.3

388 4

957 9

1 203 4

' 32, 062

1 909.6

145.85 677 44 333 1

2 642 3

21 69810 881

712 0

205

97 647 5

.56 5

46.843 4

138 712 3

56.133 2

88.168 3

206 4

216.6

8.9.8

4.1

212.4

826886

3,465

94.1586.3092.3083.05

1, 308. 6

19.40» 18. 85

36.0533.70377.7

2,747

151.0

145.1454.9317.0

220.4

1,727853

63.7

6 9.14.5

.65.5

40.540.4

163. 213 5

74.144.6

86.866.6

203.7

195.8

18.21.25.0

177.2

903976

3,417

101.4589.00

100. 5590.45

1,309.5

24.4021.5540.8536.35361.3

2,179

138.0

143.3444.3325 4

202.2

1,4791,049

60 1

6 8. 25.0

.65.9

46.639.1

206.916.1

74.349.4

94.073.6

229.0

320.6

13.41.48.3

176.6

1,0241,374

3,985

105. 3593.30

132. 80116.25

1,282.0

20.2018.8042.8539.70338.6

7 435. 095.4

720.7

7 102. 0

273.9

375.8

2,302

154.0

140.1506.6397.2

186.25 1, 7715 1,171

64.9

2256 9. 2

4.1

.35.8

30.343.3

161.313 6

69.644.7

90.172.8

224.6

523.5

10.61.05.8

231.6

9971,032

3,552

90.8582.65

103. 6092.60

1,269.3

25.2520.2040.3538.70323.5

1,872

164.9

155.6397.7272.5

119.3

1,483680

56.1

6 9.14.3

.55.7

46.240.4

182.415 9

98.568.2

98.778.7

199.2

255.0

9.71.84.0

165.3

1,0791,014

3,748

101. 0090. 85

118.30107. 35

1,252.0

21.7018.2040.4037.00304.8

1,897

158.9

139.0394.9346.4

117.5

1,584729

58.2

6 8. 35.0

.76.9

55.642.4

194. 518 6

101.281.8

107.081.3

203.3

323.9

14.11.28.4

205.8

1,136995

3,938

110.80100. 05129. 80115. 50

1,233.0

28.5023.6546.7037.70286.6

534.4121- 728.0

122.5

294 0

348.7

2,070

163.7

156.1444.6383.6

146.6

s 1, 6215728

59 2

2186 8. 4

3.6

.45.6

35.742.6

133.513 8

115.785.2

113.189.2

176.1

213.1

10.91.07.1

173.4

844885

3,283

93. 9082.95

102. 5594.70

1, 224. 3

25.3518.7529.7026.10282.3

2,396

131.7

140.8415. 2357 7

169.1

1,027474

47.4

s 7.63.9

.58.8

69.244.0

185.418.4

157.1113.4

144.7108.5225.5

207.0

14.3.5

9.8

219.3

789780

3,284

115. 60105. 6093.0583.65

1, 246. 9

19.3018.3028.8024.65272.8

3,133

165.1

106.6489.0440.7

285.7

1,767858

62.2

67.33.0

.89 6

71.536.8

197.621 2

190.7134.7

172.5126.6214.7

319.8

10.7.5

3.6

201.0

8751,021

3,665

78.8074.40

122. 40108. 85

1, 203. 3

21.6019.2031.9029.40262.5

423.992 6

717.2

91.2

185 1r 263. 4

3,246

153.0

151.4514.6461 4

316.25 2, 574« 1, 219

60.2

188

67.53.1

.79 8

74.929.7

195.518 9

188.0136.4

168.9126.7233.3

536.0

5.51.11.8

190.8

8451,067

3,292

77.2571.75

106. 2095.80

1, 174. 3

24.1021.7541. 1537.30245.4

4 17 6

4 69 9

3,609

162.8

171.1574.9424 3

325 8

2 1641,031

62.2

6 8. 44.0

.68 0

61.928.9

191.817 5

' 120. 1'92.7

r 126. 8'96.9197.1

210.2

10.31.36.3

9031,058

2,961

77.4567.65

114.25101.45

1, 137. 5

23.6021.7034.5531.15234.5

r 4 27 9

'475 8

3,431

176.7

161.2563.4317 6

297 2

2 2261, 022

58 2

6 7. 63.4

46.527.3

67.544.7

110.490.6

198. 2

284.9

11.0.5

7.1

9121,086

3,406

>• 88. 35' 80. 15

r 137. 40'121.40'1, 088. 5

' 33. 25' 27. 20' 39. 45' 35. 15

228.3

4 33 3

4 59.2

215.6

' 3, 179

173.4

139.6477.4289 2

256.1

5 2,2785 1, 066

59.9

188

6 6.83.5

270.1

10.1.8

7.1

73.6561.85

106. 5594.40

1,055.6

20.4518.6031.4524.95217.3

3,843

147.0505.0

' 1, 463798

6 6. 93.8

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production thous. sh. tons__Exports doPrice, wholesale, chestnut, f.o.b. car at mine

$persh. ton__Bituminous:

Production thous. sh. tons__

12, 941766

12. 824

533,881

12, 002595

12.892

545,850

1,07960

13.475

47, 000

'91935

13. 475

42, 390

'95941

13. 475

47, 670

'93237

12. 005

44, 730

' 1,07946

12. 005

49,410

'97545

12. 005

44, 860

'88035

12. 495

36, 560

1,23549

12. 495

50, 470

1,02476

12.985

45, 100

96263

12. 985

48, 400

1,01159

13. 475

47, 170

94748

13. 825

42, 090

89728

44, 125

891

42, 875

' Revised. i Revised total; monthly revisions are not available. 2 Total for 11 months.s Reported year-end stocks. See BUSINESS STATISTICS. 4 For month shown. 5 Data cover5 weeks; other periods, 4 weeks. e Excludes orders for motors 1-20 hp.; domestic sales ofthis class in 1967 totaled $110.5 mil.; Jan. 1968, $8.7 mil. 7 Effective 1st quarter 1967, totalshipments and shovel loaders include types not previously covered and off-highway wheeltractors exclude types previously covered; also, the wheel tractors for 3d quarter 1967 omit

one type (usually included) to avoid disclosure of individual operations.fRevised series. Monthly data for 1956-66 are on pp. 35 ff. of the Mar. 1968 SURVEY.9 Total includes data not shown separately.O Radio production comprises table, portable battery, auto, and clock models; television

sets cover monochrome and color units. c Corrected.


March 1968 SUEVEY OF CUREENT BUSINESS S-35


1966 1967

Annual

1967


1968

Jan. Feb.

PETROLEUM, COAL, AND PRODUCTS—Continued

COAL— Continued

B ituminous — C ontinuedIndustrial consumption and retail deliveries,

total 9 thous. sh. tons. _Electric power utilities doMfg and mining industries, total do

Coke plants (oven and beehive) do

Retail deliveries to other consumers. do

Stocks, industrial and retail dealers', end of period,total -. _ - - - thous. sh. tons__

Electric power utilities doMfg and mining industries, total do

Oven-coke plants __ _ do _

Retail dealers do_ _

Exports doPrices, wholesale:

Screenings, indust. use, f.o.b. mine$persh. ton_

Domestic large sizes, f.o.b. mine __ do

COKEProduction:

Beehive -- - --thous. sh. tons__Oven (byproduct) do _Petroleum coke§ do

Stocks, end of period:Oven-coke plants total do _ _

At furnace plants doAt merchant plants do

Petroleum coke do__ _Exports - - do_

PETROLEUM AND PRODUCTS

Crude petroleum:Oil wells completed number. _Price at wells (Okla.-Kansas) _ _ $ per bblRuns to stills mil. bblRefinery operating ratio % of capacity. _

All oils, supply, demand, and stocks:New supply, total mil. bbl ._

Production:Crude petroleum doNatural-gas liquids, benzol, etc do. _

Imports :Crude petroleum do_ _Refined products do

Change in stocks, all oils (decrease, — ) do_ __

Demand, total doExports:

Crude petroleum doRefined products do_ ._

Domestic demand, total 9 __ do_ _,Gasoline. _ _ _ _ __do. _Kerosene _ _ _ _ __do

Distillate fuel oil do. .Residual fuel oil _ __do._.Jet fuel do

Lubricants __ doAsphalt doLiquefied gases _ _ do. _ _

Stocks, end of period, total doCrude petroleum _ _ _ _ _ _ _ do_Natural-gas liquids doRefined products _ _ __ _ _ _ d o _ _ _

Refined petroleum products:Gasoline (incl. aviation):

Production _ .do __Exports -. _ _ _ _ _ __do_ _Stocks, end of period do

Prices (excl. aviation):Wholesale, ref. (Okla., group 3) $ per gal-Retail (regular grade, excl. taxes), 55 cities

(1st of following mo.) $ per gal--Aviation gasoline:

Production. mil. bblExports.. doStocks, end of period do

Kerosene:Production _ _ do_ _Stocks, end of period. _ _do .Price, wholesale, bulk lots (N.Y. Harbor)

$ per gal. _

486, 266264, 202201, 49095, 892

19, 965

74, 46652, 89521, 3329,206

239

49, 302

4.9526.971

1,44265, 95917, 611

' 3, 078' 2, 863

'2151,4591,102

16, 7802.93

3, 447. 291

4, 435. 6

3,027. 8468.7

447.1492.0

38.1

4, 397. 5

1.570.9

4, 325. 11, 793. 4

101.1

797.4626.4244.4

48.9134.1323.9

874 5238.440 4

595.7

1, 792. 63 8

194.2

.114

.216

41 9

3 47 8

102 125.0

.104

480,259271, 784190, 90092, 106

17, 099

93, 12869, 73723, 21210,940

179

49, 510

5.2176.795

83463, 737

5, 4674,961

5062710

3.02

.117

.225

.110

45, 02324, 72317, 6897,946

2,610

72, 95151, 30721, 4259,244

219

2,622

5.1227.162

1195,4531,537

3,2493 018

2311,489

76

9502.98

293.891

405. 4

265.643.5

41.155.2

1.4

403.9

(i)5.7

398.2137.313.6

92.570.521.2

3.84.7

35.5

875.9250. 635.6

589.6

154.3.3

212.4

.113

.220

3 3.3

8.2

10.121.5

.107

41, 51722, 75816, 209

7 258

2,550

70, 19649, 58320, 4399,364

174

3,610

5.1227.162

'924,9961 341

3,3883 156

2321,474

68

1,3032.98

268.492

356.5

241.539.3

29.246 4

-18.4

374.9

o6.6

368.3128.912.4

89.162.820 1

3.03 1

30.9

857.5252. 433 3

571.8

136.4.4

221.2

.115

.227

3 14

8.3

9.218.3

.109

41, 71122, 91017,1177 979

1,680

71, 23150 70220, 3809,491

149

3,102

5.1167.197

'635,5521 523

3,5273 273

2541 453

67

1,1683.00

296 192

397.5

264.943.2

37.651 9

-12.8

410.4

.16.3

403.9152.2

9.6

90.267.723.7

3.95.9

30.0

844.6258.135.8

550.8

146.2.3

216.2

.120

.227

2.9.3

7.7

8.517.2

.109

37,37020, 95515, 6397,611

729

74, 69653, 70220, 8469,829

148

4,193

5.2386.463

'605,3121,420

3,7323 465

2671,420

58

1,0543.00

282.991

381.2

254.342.6

00 o46 2

33.4

347.8

.36.8

340.7145.7

5.7

58.352.724 1

3.67 8

24 1

878 1266.844 3

567.0

142. 73

214. 7

.120

.225

3 03

7.9

7.218.7

.109

38, 15021, 54315,8457, 836

693

80,20958, 15621, 85510, 596

198

4, 912

5. 2316. 426

595, 3941, 545

3,9633, 687

2771, 372

50

1,2433.00

297. 190

383. 4

260.043.3

39.940 2

12. 5

370.9

06.9

363. 9161. 1

6.2

60.449.824 4

3.811.924. 3

890 5268.852 7

569. 0

151.83

206.9

.120

.224

3 53

7 9

6.919.4

.109

37, 59022, 31814, 7707 327

433

85, 23461 83123 17511, 019

228

4 987

5.2246 417

555 0981 535

4 3504 051

2991 387

48

1 2343 00

294 692

368 2

256 341 5

33 636 9

5 0

363 2

1 87 0

354 4165.5

4 3

49 245 525 4

4 115 523 6

895 6261 659 3

574 6

155 52

197.8

. 120

.228

2 82

7 5

6 521 6

.109

36, 72421, 99914, 1997,367

473

80, 62160, 15020, 2408,774

231

4 032

5.2376.561

475,1051 605

4,7664 371

3961,451

36

1,4663.00

310.094

388.4

283.942.7

30.131 8

21.0

367 4

8 57.7

351.2162.7

5.5

48 641.527 0

3.416 324 2

916 5256 266 0

594.3

159.27

194.3

.120

.226

3 1.6

7.3

7.623.7

.112

38,82022, 92214, 9427,513

895

86,72665, 08921, 3929,465

245

4,641

5.2336.596

'605,2081 540

5,0164 595

4211,408

84

1,0563.05

309.794

402.4

292.543.3

31.535 2

18.7

383.7

8 28.1

367.4171.0

6.1

47.344.426 1

4.020 325 0

935 3261.671 7

602.0

160.3.6

183.7

.120

.230

3 33

7.3

7.525.1

.112

37, 13021, 13314, 6307,435

1, 311

90,70768, 65321, 8259,726

229

3,966

5.2726.681

'56' 5, 154

1,529

5,2774,824

4531,413

61

1,1333.05

302.094

378.5

272.941.6

31.532.6

23.4

355.2

6.08.4

340.8152.6

7.1

47.740.825.8

3.916.725.8

958.6257.375.9

625.5

158.8.7

190.5

.120

.226

3.3.4

7.6

7.625.5

.112

40, 11522, 528

' 15, 9397,829

1,592

94,46770, 93523, 30510, 611

227

4,722

5.2426.856

745,4121,523

5,4394 972

467'1,400

51

1,7743.05

310.994

402.0

279.144.7

31.946 4

11.6

390 4

1 47.6

381.4160.6

7.7

60.356.228 2

3.515.029.1

970 2255.176.3

638.8

159.4.3

190.2

.110

.226

3 13

7 6

8.626.4

.112

42, 06623,36416, 6747,840

1,985

95, 00171 35723, 34510, 914

199

4,948

5.2876.998

745,4101,483

5,4995 022

4771,337

64

1,1933.05

299.194

383.3

269.444.0

29.640 2

—23.3

406 6

18.4

398.1154.510.5

80 356 826 2

3 69 3

35 3

946 9254 270 4

622 3

155 34

191.7

115

.226

2 94

7 5

10 125 9

.112

44, 04324, 63117, 2478 165

2,148

93, 12869 73723, 21210, 940

179

3,775

5.2787.017

755 643

5 4674 961

506

46

3.05

.115

.229

.112

3 241

745 602

5 3754 879

495

78

.225

r Revised. 1 Less than 50,000 bbls.- Annual total reflects revisions not distributed to the monthly data.

9 Includes data not shown separately. § Includes nonmarketable catalyst coke.




1966 1 1967I

Annual

1967


1968

Jan. Feb.

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— ContinuedDistillate fuel oil:

Production mil. bblImports doExports doStocks end of period doPrice, wholesale (N.Y. Harbor, No. 2 fuel)

$ per galResidual fuel oil:

Production mil. bblImports doExports doStocks end of period doPrice wholesale (Okla No. 6) $ per bbl

Jet fuel (military grade only) :Production mil. bblStocks end of period do

Lubricants:Production doExports doStocks end of period doPrice, 'wholesale, bright stock (midcontinent,

f o b Tulsa) $ per gal

Asphalt:Production mil. bblStocks end of period do

Liquefied petroleum gases:Production doTransfer from gasoline plants doStocks (at plants, terminals, underground, and

at refineries) end of period mil. bbl

Asphalt and tar products, shipments:Asphalt roofing total thous squares

Roll roofing and cap sheet doShingles all types do

Asphalt siding doInsulated siding doSaturated felts' thous sh. tons

785.813.84 4

154.1

.094

264 0376 812.961 21.62

215 519.4

65.417.112.7

.270

129.617.3

60.1215. 1

37.7

69, 36328, 91740, 446

554504880

.100

1.47

.270

76, 92631, 16045, 765

482445864

68.61.1.1

131.3

.097

25.444.31.6

59.11.65

19.419.4

5.51.2

13.1

.270

6.920.4

5.525.4

32.5

3,4221,6521,770

311649

61.9.9.3

104.7

.099

23.238.31.4

56.61.50

20.020.7

5.01.4

13.7

.270

5.723.0

5.122.0

29.9

3,6801,5062,174

312052

70.12.7.3

87.0

.099

24.241.11.6

52.91.45

21.520.4

5.51.9

13.4

.270

8.125.4

5.820.1

32.6

5,3372,2323,106

412573

63.01.4.4

92.8

.099

22.836.51.3

58.61.45

21.920.2

5.41.7

13.5

.270

9.026.8

5.514.9

40.7

6,0892,3493,740

343470

62.71.3.1

96.4

.099

21.630.81.7

59.81.45

22.720.4

5.71.8

13.6

.270

11.927.1

6.215.2

49.6

6,4302,4164,014

334066

64.91.3.3

113.0

.099

21.626.61.6

61.21.45

23 .421.3

5.41.4

13.4

.270

12.825.0

5.714.5

56.6

8,0323,0015, 031

395682

67.6.9.4

132.6

.102

21.523.12.0

62.71.45

23.721.0

5.41.6

13.9

.270

14.323.7

5.615.2

63.1

7,9602,9654,996

394681

68.31.1.2

154.5

.102

21.126.52.6

63.71.45

23.821.6

5.51.5

13.8

.270

14.919.0

5.616.6

69.0

9,2573,6215,636

485793

69.11.2.4

176.6

.102

20.924.22.8

65.51.45

23.521.1

5.21.4

13.6

.270

13.716.8

5.816.8

73.2

8,1743,3094,864

445082

69.21.7.6

186.7

.102

21.735.41.9

65.01.45

25.121.8

5.51.6

14.0

.270

13.415.6

5.520.9

74.4

8,0273,4234,604

555184

65.51.4.5

172.8

.102

24.530.92.5

61.41.45

24.222.0

5.31.8

13.8

.270

10.017.2

5.326.0

68.6

6,3362,7533,583

573377

.102

1.45

.270

«- 4, 181r 1, 933' 2, 248

311757

4,5111,9872,525

331367

PULP, PAPER, AND PAPER PRODUCTS

PULPWOOD AND WASTE PAPER

Pulp wood:Receipts thous cords (128 cu ft )C onsump ti on d oStocks end of period do

Waste paper:Consumption thous sh tonsStocks end of period do

WOODPULPProduction:

Dissolving and special alpha doSulfate doSulfite do

Groundwood doDefibrated or exploded doSoda semichem screenings etc do

Stocks, end of period:Total all mills do

Pulp mills doPaper and board mills doNonpaper mills do

Exports all grades total doDissolving and special alpha doAll other do

Imports, all grades total doDissolving and special alpha doAll other do

PAPER AND PAPER PRODUCTS

Paper and board:Production (Bu. of the Census) :

All grades total unadjusted thous sh tonsPaper doPaperboard doWet-machine board doConstruction paper and board do

New orders (American Paper Institute) :All grades, paper and board do

Wholesale price indexes:Printin0" paper 1957 59 100Book paper, A grade doPaperboard doBuilding Daner and board dn

i 56 7971 56, 259

1 6, 529

i 10 5411 738

i 36 6401 1 527

i 23 5621 2, 7481 3, 7941 1, 658!3 351

81627645684

1 572563

1,009

3 355293

3 065

47 18920' 63122' 574

1533 831

46 886

101 7115 197 1Q9. 8

54 92155, 2575,859

9 748617

35 4871 447

22, 5932,669

3,9531 4183 407

78034235780

1 710607

1 102

3 162265

2 898

45 89820 31021 859

1343 595

46 085

101 9.117 697 301 Q

4 7594 8445 835

808650

3 076134

1 944230

348132288

75128937983

1033964

28720

267

3 9141 7741 868

12260

4,001

101 9116.797.392.4

4 5264 4546020

770616

9 RQ7

1101 849

221

322124271

778323379

76

1133875

26119

242

3 6841 6541 753

11266

3 628

101 9116.797 392. 4

p, 1054 8016 286

829640

3 129139

1 981238

345132294

80532240776

1728389

29725

273

4 0151 7941 895

13313

3 972

101 9116 797 3Q? 3

4 3614 7595,994

788630

3 065106

1 967233

337131290

78632438676

1283692

24520

226

3 8121 7301 856

11215

3 857

101 9c 118 8

97 392 2

4 5074 7975 708

815642

3 133128

1 969'239

350134314

80935637578

13331

101

26925

245

3 9341 7351*876

12311

3 871

101 9117 897 3Q1 7

4 6864 5504 857

811720

o 966102

1 858228

343137298

86036342572

18577

108

27321

251

3 8851 6841 865

12324

3 877

101 9117 897 3Q1 5

4 3264 2795 939

695629

2 726104

1 729189

310120273

827382378

67

1113873

23616

221

r 3 4251 4921 634

9290

3 544

101 9117 897 3Q1 R

4 7754,6265,966

899r 615

3 004122

1,927221

335130269

814377370

67

16558

106

25627

229

3 9381 7271 865

11334

3 913

101 9117 897 3Q1 3

4 5484,2996,194

839601

2 834112

1 773211

328121288

808381360

68

1354589

24921

228

3 7201 6531 723

'10332

3 787

101 9117 897.301.4

4 8274,9006,233

892581

3 098142

1,954226

345123308

83640835771

15047

103

24622

224

4 1281 7721 982

12363

4 111

101 9117 897 3Q9 1

4 3774,6156,024

833594

2 997128

1,890227

334120296

81338835969

16057

103

29023

267

3 8711 6831 862

11315

3,869

101 9117 897.392.0

v 4, 123p4,333v 5, 859

p769617

r 2 563119

1,751206

25615

217

p780P342P357p80

1565799

25226

226

•P 3 572p 1 612p 1 678

Pl lp 271

3,566

101 9117.897.392.1

1394891

26927

242

r Revised. p Preliminary. c Corrected.Reported annual total; revisions not allocated to the months.




1966 1967

Annual

1967


1968

Jan. Feb.

PULP, PAPER, AND PAPER PRODUCTS—Continued

PAPER AND PAPER PRODUCTS— Con.

Selected types of paper (API):Fine paper:

Orders new thous sh tonsOrders unfilled end of period do

Production doShipments do

Printing paper:Orders, new doOrders unfilled end of period do


Coarse paper:Orders new doOrders unfilled end of period do


Newsprint:Canada:

Production doShipments from mills doStocks at mills, end of period do

United States:Production doShipments from mills doStocks at mills § .. do

Consumption by publisherscf doStocks at and in transit to publishers, end of

period thous sh tons

Imports doPrice, rolls, contract, f.o.b. mill, freight allowed

or delivered $ per sh ton

Paperboard (American Paper Institute) :Orders, new (weekly avg.) thous sh tonsOrders, unfilled § doProduction, total (weekly avg.) . _do

Percent of activity (based on 6.5-day week) .

Paper products:Shipping containers, corrugated and solid fiber,

shipments mil sq ft surf area

Folding paper boxes, shipments, index of physicalvolume 1947-49 —100

2 637159

2 641r 2, 633

6,711553

6,511r 6 5H

4 723200

4 6964 704

8 4198 385

184

2 4082 405

21

6 898

681

6 991

136 23

449724

' 44692

160 152

134 1

2 2, 6392 154

p 2, 654v 2, 652

v 6, 3132426

p 6, 310p 6 520

P 4 671p 210

P 4 7482 4 678

8,0517 968

268

2 6202 602

39

6 907

630

6 599

139 95

44461844488

161 610

•P 134 i

230164

237231

581572

558558

392212

400397

698612270

22720939

542

682

563

138 40

45674840491

12 298

124 6

215158

222223

494496

518518

393225

392376

659609

327

21219951

511

672

500

138 40

45172045592

12 098

122 4

238157

237236

561496

565565

499923

429436

6Q5653369

22522551

585

676

549

138 40

45070545391

14 056

141 7

237174

230230

554513

536536

392213

400389

670692348

22322154

609

654

528

138 40

45969545290

12 747

128 6

231174

229231

532467

546546

367190

398385

704741311

22724932

616

676

614

138 40

44869045288

13 999

136 5

222177

216211

569526

544544

387199

383387

652713250

22222827

568

711

601

1^9 00

44661446089

13 923

141. 6

201178

194196

500509

488488

330195

315316

668592326

19719133

522

727

527

141 40

393654377

73

11 630

118 5

232168

236243

514462

526526

418218

412408

705665365

22521246

544

726

542

141. 40

45464545490

14, 336

142.0

r 198r 148

'213r 213

'514468

512512

'363'223r 400'379

641660346

20921144

568

707

528

141. 40

44870241984

14, 227

137.4

226154

231229

532478

526526

390220

411398

681704323

22822647

634

698

575

141.40

47675946891

15, 045

143. 8

217147

221220

488430

519519

408226

410405

675687311

22222841

622

673

541

141. 40

46676747090

13, 940

139.7

22022154

21982199

24822 426

2482?482

^4042 210

23932396

602646268

20420639

587

630

531

141 40

40564843881

12, 971

2 132. 5

641583325

23822355

518

617

537

44668641088

13, 432

49773548791

RUBBER AND RUBBER PRODUCTS

RUBBER

Natural rubber:Consumption thous Ig tonsStocks, end of period doImports, incl. latex and guayule do

Price, wholesale, smoked sheets (N. ¥.)__$ per lb._

Synthetic rubber:Production.. thous Ig tonsConsumption doStocks, end of period. _ do

Exports (Bu. of Census) do

Reclaimed rubber:Production _ . .__ doConsumption doStocks, end of period do

TIRES AND TUBES

Pneumatic casings, automotive:Production _ _ _ _ thous

Shipments, total doOriginal equipment doReplacement equipment doExport ._ do

Stocks, end of period doExports (Bu. of Census) do

Inner tubes, automotive:Production. doShipments. __ doStocks , en d of period doExports (Bu. of Census) do

554 1382 87

431 66

.236

1 969 971 666 06

348 69

308 44

277 36264 5132 29

177 169

173 46454 680

116 3482 436

42 5692 051

42 76544 22211*9961 100

498 11112 99459 go

.199

1 911 871 629 60369 65

299 80

243 05240 5728 48

163 19?

172 94747 617

123 2052 125

34 7821 450

39 77541 69111 005

849

45 2595 0339 37

.219

164 54146 33352 28

26 26

22 2121 6631 00

15 058

13 1664 1438 845

178

44 678123

3 4964 630

lo' 84668

42 6898 0733 06

.208

150 12133 78347 55

25 24

20 7320 3330 82

14 147

11 3533 2347 898

222

47 594' 115

3 3853 312

10 94755

48 11104 9851 75

.206

164 60146 32345 57

25 07

23 3221 5832 38

15 070

14 4344 4559 782

198

48 273' 156

3 8093 769

10 929

101

38 56107 6833 58

.208

154 98197 30353 99

22 81

17 9819 5530 12

12 424

16 2994 330

11 788181

44 410147

3 1033 531

10 631108

30 12116 7636 61

.208

138 41108 95355 0°

27 40

14 0615 579g 07

8 734

16 °654 835

11 ?93137

37 088107

2 6963 5469 888

65

29 43116 8424 13

.220

139 09105 15355 75

26 56

14 4515 1326 39

8 748

16 2014 695

11 401105

99 883'101

2 8713 4129 337

71

24 08126 9523 27

.206

137 9285 58

383 04

23 73

11 9211 7725 21

6 919

19 469o 195

10 939105

24 38180

2 1453 0538 599

56

50 02125 8343 57

.193

155 68155 96355. 30

24 57

23.5123 9724 88

15 744

13 8182 673

10 971174

26 466106

3 5163 3618 937

45

47 47118 4333 55

.179

167 69152 92349. 60

26 11

22 4821 2225 20

16 162

15 6703 693

11 757219

27 114122

3 6343 2029 574

76

51 74110 2535 46

.188

178. 74169 76335. 43

24.08

25 4025 4524 90

18 278

16, 6954 098

12 368230

28 920106

4 0673 741

10 03372

46 87109 4350 23

.179

182 00154 75347 00

24.94

23.1321 3827 21

16 244

13,6114 3089 132

171

31 674166

3 8163 191

10 50863

r43 78112 9948 22

.175

185. 12r 143. 67

369. 65

23.02

23.85r 22 83

28.48

15 664

12, 9725 0087 760

204

34 782121

3 3143 026

11 00569

49 35108 4446. 88

.173

178.86163. 39361. 46

24.35

23.7222 4328.67

76

63

.164

r Revised. p Preliminary.c? As reported by publishers accounting for about 75 percent of total newsprint consumption.

§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of themonth; annual data are as of Dec. 31.




1966 1967

Annual

1967


1968

Jan. Feb.

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Shipments, finished cement _thous. bbl

CLAY CONSTRUCTION PRODUCTS

Shipments:Brick, unglazed (common and face)

mil. standard brickStructural tile, except facing. ___thous . sh. tonsSewer pipe and fittings, vitrified. _ doFacing tile (hollow) , glazed and unglazed

mil. brick equivalentFloor and wall tile and accessories, glazed and un-

glazed _ _ mil. sq.ftPrice index, brick (common), f.o.b. plant or

N.Y. dock_ . 1957-59=100

GLASS AND GLASS PRODUCTS

Flat glass, mfrs.' shipments... thous. $

Sheet (window) glass, shipments doPlate and other flat glass, shipments __ do

Glass containers:Production.. thous gross

Shipments, domestic, total.- doGeneral-use food:

Narrow-neck food doWide-mouth food (incl. packers' tumblers,

jelly glasses, and fruit jars) thous gross

Beverage .. doBeer bottles. . doLiquor and wine do

Medicinal and toilet doChemical, household and industrial doDairy products do

Stocks, end of period do

GYPSUM AND PRODUCTS (QTRLY)

Crude gypsum, total:Imports _ _ _ _ _ . thous. sh. tons__Production do

Calcined, production, total _ do

Gypsum products sold or used, total:Uncalcined uses doIndustrial uses. doBuilding uses:

Plasters:Base-coat _ _ _ doAllother (incl. Keene's cement) .do_._

Lath mil. sq.ftWallboard _ doAll other. do

380,694

7,606 2267. 4

1 610 3

308.1

272.7

111 5

343,138

136, 785206, 353

211 764

204 093

21 605

59 168

27 09838 89517 608

39 7665 8121* 141

30 084

5, 4799 647

8,434

4 693322

680899

1 0797 084

228

374,213

7, 088. 5234. 5

1, 570 8

240. 2

257. 6

113 3

332, 067

131, 567200 500

225 579

228 766

23 631

57 852

38 18544 50119 459

38 5165 664

958

22 546

4 7229 406

7 685

4 554295

560815947

6 993247

18 457

410 618 1g9 9

92 0

18 9

119 4

17 119

15 271

1 448

4 329

1 8522 6921 338

3 09344277

31 500

17, 066

369 821 072 i

15 3

19 1

112 9

16 85?

15 010

1 651

4 079

1 9182 6311 291

2 86549778

32 964

24, 758

555 524.4

124 0

19 2

2? 9

112 9

76, 791

28, 38848 403

18 040

18 485

2 056

4 432

2 7633*8851 682

3 069'505

93

31 943

7372 033

1 793

75778

135183

2191 596

49

27 940

605 991 8

119 3

19 9

20 8

112 9

IQ 185

17 458

1 804

4 0?3

9 79(33*890l' 495

9 959495

66

33 580

34 765

651 919 7

140 2

92 4

22 9

113 1

19 170

18 873

1 818

4 222

3 3044 3291 602

3 07445371

33 223

37 909

689 021 1

1 Kp. 0

21 8

24 7

1 -i o -I

76 644

29 862AO 709

19 ?54

°0 199

1 909

4 400

4 3014 5^61 588

9 883448

74

31 679

1,1712,236

1,824

1,27774.

148202

2201 576

64

37 527

641 919 5

156 1

19 5

20 1

113 5

19 147

17 540

1 609

4 072

3 3844 0681 136

2 809399

63

33 675

44 632

720 821 0

177 3

20 7

24 ?

113 5

20 089

20 410

2 275

5 361

3 4404 0481 479

3 25548171

32 736

39, 148

665 817 6

161 9

r 18 6

22 6

113 7

r84,901

35, 622' 49, 279

17 938

19 074

2 906

4 893

2 6283 5111 598

2 99345986

31 201

1,4422,742

2,320

1 33172

161240

3152 284

74

40, 000

700.819.0

163 4

21.8

21 6

113 7

20 213

19 746

2 251

5 521

2 9633 2091 915

3 36244580

31 515

30, 604

T 613. 2r 17. 1

126 7

20.7

21 3

113 9

19 499r21 123

1 700

5 633

3 7283 5592 137

r 3 76851088

r29 394

21, 305

463.214.390.9

18.4

18.5

114.9

93, 731

37, 69556, 036

19, 073

25, 647

2,204

6,887

5 1084,1532,198

4,386600111

22 546

1,3722,395

1,748

1,18970

116190

1931,537

60

20 620

25, 451

2,260

6 579

3 6945 0402,276

4,898608

96

17 598

TEXTILE PRODUCTS

WOVEN FABRICS

Woven fabrics (gray goods), weaving mills:Production, total 9 _ mil. linear yd

Cotton . . doManmade fiber do

Stocks, total, end of period 9 tf doCotton. doManmade f iber _ _ _ _ _ ._ do

Orders, unfilled, total, end of period 9 f doCotton. _, doManmade fiber do

COTTON

Cotton (exclusive of linters) :Production:

GinningsA thous. running balesCrop estimate, equivalent 500-lb. bales

„ thous. balesConsumption. _ _ doStocks in the United States, total, end of period

thous balesDomestic cotton, total do

On farms and in transit doPublic storage and compresses doConsuming establishments do

Foreign cotton , total do

12 6898 8663 571

1 306766521

3 229

2 408746

9,562

9,5759 647

20 26520 1861 121

17 6391 426

79

9 215

r 14 580r 14 489

1 526r 11 369

r 1 59J.

r Q I

940667254

1 333785528

3 2092 423

718

3 9 533

770

19 04718 9681 076

16 2621*630'

7Q

953673269

1 311786505

3 0592 251' 737

749

17 84817 770

'95414 949

1 87478

1 1 158i g23i 319

1 307782504

3 0462 290

686

4 9 562

i 90Q

16 54816 479

71313 7791 987

RQ

956674262

1 323806497

2 8012 020' 708

748

15 51615 455

80119 6641 990

fii

959670269

1 364835512

2 6931 866

749

733

14 37814 326

67111 6901 965

K9

1 1 167i 809i 334

1 396859597

9 5621 753

735

i 889

13 19613 140

' 47210 8181 850

RR

715477222

1 404860593

2 6221 748

799

257

569r!2 53319 375

r 40010 318l' 757

5S

918631270

1 390865511

2 8641 928' 865

632

721

19 40019 3427 9^69 8021 614

58

1 1 151i 781!350

1 357845498

2 8351 882

881

1,013

i 850

18 23518 1717 4599 1571 555

64

971656299

1 338849475

2 9571 941

944

3,289

744

17 08817 0045' 8089 7901 406

84

969649

r'306

1,330850466

3 2022 099

r 1 021

6,327

720

15 71515 6242 564

11, 6131 447

91

353

466

1 046

2 6, 931

s 7, 618»• J825

r!4 580r!4 489

1,526r 11, 369rl 594

'91

3 7, 265

*878

13 30113, 2171,413

10, 0491, 755

84

^Revised. i Data cover 5 weeks; other months, 4 weeks. -'Giimings to Dec, 13.• ( .innings to Jan. 16 4 Crop for the year 1966. s nec. 1 estimate of 1967 crop.9 Includes data not shown separately.

n^-??S ^T1!16^ b7 weavi,nS mills an<l Billed and held for others) exclude bedsheeting,oweling, and blanketing, and billed and held stocks of denims.

If Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; productionand stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,and blanketing.

ATotal ginnings to end of month indicated, except as noted.




1966 1967

Annual

1967


1968

Jan. Feb.

TEXTILE PRODUCTS—Continued

COTTON— Continued

Cotton (exclusive of linters)— ContinuedExports -thous. balesImports doPrice (farm), American upland cents per IbPrice, middling V , avg. 14 markets \ do

Cotton linters:Consumption thous balesProduction doStocks end of period do

COTTON MANUFACTURES

Spindle activity (cotton system spindles):Active spindles last working day total mil

Consuming 100 percent cotton doSpindle hours operated, all fibers, total bil__

Average per working day doConsuming 100 percent cotton do

Cotton yarn, price, 36/2, combed, knitting, naturalstock $ per Ib

Cotton cloth:Cotton broadwoven goods over 12" in width:

Production (otrly ) mil lin ydOrders, unfilled, end of period, as compared with

Inventories, end of period, as compared with

Ratio of stocks to unfilled orders _(at cotton

Mill margins:*Carded yarn cloth average cents per lb__Combed yarn cloth average doBlends (65% polyester-35% cotton) _ d o _ _

P rices, wholesale:Print cloth 39 inch 68 x 72 cents per yardSheeting class B 40-inch 48 x 44-48 do

MANMADE FIBERS AND MANUFACTURES

Fiber production, qtrly. total mil. lb__Filament yarn (rayon and acetate) doStaple incl tow (rayon) doNoncellulosic, except textile glass:

Staple incl tow doTextile glass fiber do

Staple tow and tops doImports* Yarns and monofilaments do

Staple, tow, and tops doStocks, producers', end of period:

Filament yarn (rayon and acetate) mil IbStaple incl tow (rayon) doNoncellulosic fiber, except textile glass:

Yarn and monofilaments doStaple incl tow do

Textile glass fiber do

Prices, mamnade fibers, f.o.b. producing plant:Staple" Polyester 1 5 denier $ per Ib

Yarn* Rayon (viscose) 150 denier doAcrylic (spun) knitting 9/203 6D* do

Manmade fiber and silk broadwoven fabrics:Production (otrly ) total 9 mil lin vd

Filampnt yarn (100%) fabrics 9 doChiefly rayon and/or acetate fabrics doChieflv nylon fabrics do

Spun yarn (100%) fabrics (except blanketing) 9mil lin yd

Rayon and/or acetate fabrics and blendsdo

Polyester blends with cotton doFilament and spun yarn fabrics (combinations

and mixtures) do

WOOLWool consumption, mill (clean basis):

Apparel class mil IbCarpet class _ do

Wool imports, clean yield doDuty-free (carpet class) do

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Graded territory, fine $ per lb__Graded fleece, % blood do

Australian, 64s, 70s, good topmaking do

WOOL MANUFACTURESKnitting yarn, worsted, 2/20s-50s/56s, American

system wholesale price 1957 59—100Wool broadwoven goods, exc. felts:

Production (qtrly.) mil. lin. yd__Price (wholesale), suiting, flannel, men's and

bovs'. f.n.b mill 1QK7 so — inn

3,597100

i 20 6i 22.1

1,3661,419

725

19 515.1

132.1509

102.4

949

8 840

18 4

4 5

25

4 41. 954 95. 744 63. 28

18 718 0

3, 860. 1799 8659 2

1 164 7904 0332 4

98 7^955 59916 571

177 570

67 370 1

150 2129 842 5

8080

1 58

r4 934 1

'i'612 5735 0

r 335 4

rl 907 7

r 623 61 051 9

479 4

266 6103.6277.2114.6

1. 3491.1711.259

108 2

264.9

109 7

3,973169

1 080977617

20 014.4

126.2486

94.4

942

15 4

5 2

35

37. 7575.6060.48

? 18 4

3, 980. 6734 7603 4

1 213 91 119 8

308.8

e 88 83178 29328 194

6 149, 672

51 743 8

138.7142 440 4

6681

1 52

228 783.9

187 378 2

1. 215.910

1 153

92 6

im 7

4587

19 822 0

91152778

19 815 310.15037 8

951

16 1

4 3

26

40.6979.7555.64

8 0696,5142,2379,563

70 274 5

7281

1 54

18.57.1

16.57.0

1.2881.0501.188

100.7

m9 7

4585

20 222 0

89111810

19 815 310.04997 8

945

14 9

4 2

29

40.5478.9752.69

18 4

8 1017 0343,357

13, 600

68 680 1

7281

1 54

18.46.1

13.14.2

1.225.975

1.175

100 1

109 7

4015

20 422 1

113898

19 815.3

2 11.9.477

2 9.3

940

2,221

14 5

4 4

32

40.4278.5251.28

' 937. 7181.3155 3

' 300 3224.5'76.3

7 4536,3141,908

14, 488

63 382.8

' 164. 6122.0'47.0

7281

1 53

1 020 4407 7194 381 3

457 5

151 8259 5

102.3

2 22. 1' 2 6.8

17.65.7

1.213.945

1. 175

98 2

61.8

109 7

2883

r 20 492 9

9465

831

20 015 310.05017 7

934

13 7

4 5

33

40.0977.6251.18

17 8

7 4926 2901,574

10, 674

60 980 8

7281

1 53

18.66.6

13.93.2

1.175.918

1.125

91 0

101.5

41619

19.722.2

8737

' 766

19 715 09.9496

93?

1° 7

4 7

37

39.5976. 0649. 47

17 318 4

!

6 6857,5991, 6669, 465

61 778.4

6881

1 53

19 07.1

13 95.6

1.175.895

1.125

91 6

101 5

2993

20.322.42 104

40' 695

19 614 8

2 12.3491

2 Q S

927

2 131

19 3

5 1

40

38.3375.4343.03

18 4

' 931. 7172 2137 0

' 283 1264 3r 75 i

6 1477 7351 894

10 776

60 177 i

r 164 1120 9r 47 1

ac

Q-f

1 040 9402.0187 980 6

486 1

154.4284 9

99.3

2 23 32 6.915 86 3

1.235.975

1 175

91 9

65.9

101.5

2284

20.922.6

7026

637

19 814.98.1

.4036.0

920

17 2

7.1

.41

37.9071.7943.15

18.4

5 8066,0621,532

13, 846

64.475.5

169. 1129.7

6281

1 55

15.44.6

13.96.9

1.245.938

1.175

92 5

101.5

24420

22.022.8

7940

595

20 014.99.84917.2

920

13 7

5.1

36

37.2373.4649.20

16.018.3

6 4427,4262,178

13,395

59.762.4

163.0128.4

.62

.811 54

18.17.0

15.07.3

1.237.895

1.165

90.0

101.5

27752

21.323.2

2 9733

546

20 014.7

2 12. 0.48128.8

.925

1,891

13 5

5.1

.37

36.6473.6655.72

16.318.3

' 962. 0175.3129.4

' 296. 2286.1' 75. 0

6,6935,9742,305

11,982

58.455.5

' 155. 9132.1'43.4

.62

.811.53

1, 000. 8377.6172.077.0

471.7

135.3278.6

99.5

220.828.517.77.2

1.225.838

1.125

90.0

'52.7

101.8

27525

27.323.4

8492

538

20.114.710.3.5137.4

.927

13.3

5.0

.38

35.7572.52

s 84. 03

16.318.3

9,3685, 0712,535

14,314

58.549.5

' 147. 6129.9

.62

.811 53

16.77.3

13.96.6

1.225.825

1.125

89.4

101.8

29817

30.525.0

81146595

20.114. 510.2.5117.3

.960

14.5

5.0

.34

33.4368.5090.55

16.518.5

7,8656,3633,942

14, 029

53.044.9

143.2131.6

.62

.811.46

17.56.8

16.98.7

1.177.825

1.125

88.2

100. 5

33110

27.627.0

298122

'617

'20.0'14.4

'211.6'.465'28.3

1.026

15.4

5.2

.35

32.3680.9899.86

17.019.0

1, 149. 2205.9181.7

334.3344.982.4

8, 7825, 9103,065

14,972

51.743.8

138.7142.440.4

.60

.811 41

' 2 20. 229.119.09.3

1.165.835

1.162

87.8

57.0

100.5

47410

22.426.2

297123626

20.014.2

212.6.50428.9

33.7283.82

111.10

8,1556,0774,978

22, 598

222.828.9

1.165.825

1.175

_ _ _ _ _ _ _ _

19.925.4

35.3686.4173.54

1.165.825

1. 175

r Revised. i Season average. 2 For 5 weeks, other months, 4 weeks. 3 For monthshown. 4 Average for Aug.-Dec. s Comparable margins for Sept. 1967, 78.50 cents; seenote "*." G Revised total; revisions not distributed by months. 7 For ten months.

IFBeginning Sept. 1967, average of 14 markets.*New series. Beginning Aug. 1966, mill margins refer to weighted averages of 71 types of

unfinished carded yarn cloths and to simple averages of 8 combed yarn cloths and 4 polyestercotton blends (Oct. 1967-Jan. 1968, 5 blends); no comparable data prior to Aug. 1966 areavailable. Spun yam price (BLS) available beginning Jan. 1965.

9 Includes data not shown separately.




1966 1967

Annual

1967


1968

Jan. Feb.

TEXTILE PRODUCTS—Continued

APPAREL

Hosiery, shipments thous. doz pairsMen's apparel , cuttings :

Tailored garments:Suits thous unitsOvercoats and topcoats do

Coats (separate) , dress and sport doTrousers (separate) , dress and sport do

Shirts (woven fabrics) , dress and sportthous. doz

Work clothing:Dungarees and waistband overalls doShirts do

Women's, misses', juniors' outerwear, cuttings:Coats thous unitsDresses doSuits. . _ do

Blouses, waists, and shirts thous dozSkirts. _ • do

210 425

20 7153 799

13 148145 673

27, 827

5,9094 096

24 595271, 10710, 375

17 05310 225

223 460

18 8983 812

12 660133 754

26, 005

7 0733 776

21 310283 294

8 389

14 0648 580

18 323

1 462226

1 10311 038

2,382

531325

2 07522 29^

984

r I 151

756

19 296

1 537227

1 05510 994

2,477

552348

1 91824 592

872

1 205710

19 234

1 724331

1 17612 322

2 469

648372

1 2593o' 453

' 823

1 350792

17 856

1 532365

1 09010 571

2 129

596314

92327 523

554

1 271790

18 990

1 538390

1 11511 ?09

2 070

636341

1 41995 359

543

1 209724

19 879

1 726395

1 08412 019

2 061

669331

1 77623 693

' 702

1 179808

16 020

880278

6238 923

1,504

441232

1 75919 256

592

961801

19 959

1 639361

1 03912 219

2,255

606324

2 21525 311

715

1 218784

18 924

1 649290

1 10411 337

2,087

709303

2 09020' 956

547

1 145'687

20 199

1 774345

1 11611 624

2,417

642308

2 17722 882

698

1 356754

19 870

1 840335

1 15911 594

2,288

490307

r2 148'•22,119

''728r 1,152

r578

15 368

1 597269

9969 911

1,866

553271

1,55118, 858

631

867396

16, 671

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLES

Orders, new (net), qtrly. total mil. $U.S. Government.- _ _ do

Prime contract. _ doSales (net), receipts, or billings, qtrly. total _do--

U.S. Government—. _ _ _ do

Backlog of orders, end of period 9 doU.S. Government.- _ do

Aircraft (complete) and parts. _. doEngines (aircraft) and parts. _ _ _ .doMissiles, space vehicle systems, engines, propul-

sion units, and parts _ mil. $Other related operations (conversions, modifica-

tions), products, services mil $

Aircraft (complete):Shipments © .. .. do

Airframe weight © thous IbExports mil $

MOTOR VEHICLES

Factory sales, total thous__Domestic do

Passenger cars, total doDomestic _ do

Trucks and buses, total doDomestic. _ do

Exports:Passenger cars (new), assembled doPassenger cars (used) doTrucks and buses (new) assembled doTrucks and buses (used) doTruck and bus bodies for assembly do

Imports:Passenger cars (new) complete units doPassenger cars (used) doTrucks and buses, complete units do

Shipments, truck trailers:Complete trailers and chassis number

Vans doTrailer bodies and chassis (detachable), sold

separately number

Registrations (new vehicles): OPassenger cars thous

Foreign cars_ doTrucks (commercial cars) do

RAILROAD EQUIPMENT

Freight cars (ARCI):Shipments number

Equipment manufacturers total doRailroad shops domestic do

New orders. . doEquipment manufacturers, total doRailroad shops, domestic do

Unfilled orders, end of period doEquipment manufacturers, total doRailroad shops, domestic do

Freight cars (revenue), class 1 railroads (AAR):§Number owned, end of period thous

Held for repairs, % of total ownedCapacity (carrying), aggregate, end of period

Average per car _ _ _ tons

27 22316 35124 21920, 22714 530

27 54715,71114, 6553,824

4,510

2 492

2 087. 043 983

553 7

10, 329. 59, 943. 58,598.38, 336. 91, 731. 11 606.6

177 5812 7278 646.79

10.70

3 913 215 75

42.96

113, 49375 527

18 402

2 9 008 52 658. 1

2 1 610 4

90 34967 94429 405

r 99 83373, 19026 683

56 61840 42616 192

1 4974 8

Q1 KQ

61.19

r2 981 5r 56 694

786 5

8, 976. 28 484 67, 436. 87 070 21 539 51 414 4

280 5811 0882 24

6 0010 99

1 020 624 99

75 07

96 53959' 147

27 497

2 g 361 92 ygo 6

2 i 518 9

00 flQQ

64 77918 3^0

54 18938 65415 515

24 91714 27610 641

1 4825 i

no -i c

62.85

135 03 59342 9

797.3758.1651.2625 0146.1133 1

21 9689

7 084688

102 3021

6.70

r 8, 085r 5 275

1 827

616 146.4

113 2

7 2175 9291 288

2,0551,743

312

51, 45038 94312, 507

1,4965 0

91 726L31

141 23 01653 3

660.2628 1525.6501 9134 6126 2

14 1984

6 5751

1 09

79 5233

5 49

8 3225 253

1 658

538 945 2

108 9

8 1016 048o 053

3 3582 908

450

46 19735 29310 904

1 4985 1

Q1 QQ

61.42

5 1933 6134 5865 1713 717

30 75415 97517 4463 861

4 740

2 668

261 85 13478 7

833.4785 1684 1647 4149 3137 7

31 4196

7 ^453

1 14

88 4631

7 28

10 1116 309

2 077

670 857 5

132 2

9 1 ^fi7 054^ 102

5 0283 8241 204

42 05532 04910 006

1 4985 0

Q9 9*5

61.60

224 94 32962 3

792.2749 4659.8628 3132 4121 1

26 6981

7 7557

1 19

66 9721

6 06

7 9904 829

3 431

786 163 3

144 6

8 3116 4661 845

1 7281, 444

284

34 96026 5158 445

1 4995 1

99 cl

61.72

262 04 984

55 2

898. 3848 7750 3713 4148 0135 3

25 851 339 09

571 19

80 6645

7 42

8 8205 376() OQO

a 807 4a 70 C

a 139 o

G OAA

5 0941 250

4 1693 244

925

32 49324 3738 120

1 496*5 2

Q9 fin61.87

7 4384 7276 8645,9254 076

28 96416 14215 5083 957

4 833

2 578

259 84 80371 9

911.7865 2765 3732 3146 4133 0

15 811 138 94.

581 18

94 4695

9 43

7 4833? 999

9 997

i>793 5666 7

b 139 5

7 0491 40Q

7 2946 757

537

30 73023 0077 723

1 4985 2

99 Qfl

62.04

220. 94 133

52 4

530.8506.3425.5410.6105.395.6

13 3292

8 87.37.76

85 0632

7.44

6,4923,684

2 866

& 742 8& 65.4

6 130 7

5 6864 776

910

2 3652, 140

225

27 06390 3616 709

1 4975 5

93 0162.14

281 54 92046 3

324.2300.8231.6218.392.682 5

10 6993

5 805688

44 9828

2 59

7,4854 336

2 784

*> 716 2*>83.9

b 141 i

6 9165 7791 137

6 3472 3384 009

26 48316 7129 771

1 4965 5

93 3062! 36

6,8214,6866 1665, 7304 004

30 06216 83415, 7484,487

5 142

2 618

243 24 53185 6

710.5670.3601.0570 6109. 599 7

21 5674

5 276296

68 9743

5 58

7,8714 619

1 869

*> 543 5& 67.6

b 119 2

6 2624 3441 918

4, 6093,949

660

24, 81916 3068 513

1 4965 4

93 5062^46

273.25 23948.7

751.9706.9645.4608.8106. 598.1

25 761.025 09.47.45

98 07.48

5.07

8,7875,549

1 787

& 696. 4& 72. 3

b 115 7

6 0394 2911 748

r 2, 3782,352

r 26

21,08214 3116 771

1,4935 3

93 5462! 64

296.65,36795.2

807.7761.8683.0645. 2124.7116.5

26.74.69

5 16.42.76

100. 48.91

3.13

7, 8845,161

2 326

6 632. 5& 63.1

b 106. 2

5 1223,9581 164

r 6, 209r 3, 365

2 844

21,82813 7308,098

1,4925.2

93 6062. 74

r 381. 2' 6, 645

95.3

957.8903.9813.9768.5144.0135.4

37 13.80

6 15.34.52

110 67.82

8.88

r 7, 209>• 4, 757

T i 447

b 724. 7& 65.8

* 120. 4

5 4873,9911 496

r 8, 590r 4, 551

4,939

24, 91714, 27610, 641

1, 4825.1

93 1662*. 85

342.96,079127.5

937.5889.3787.0747.2150.4142.1

35.09.72

5.99.55.71

145. 98.42

9.23

7,8585,028

2, 063

«647.8«61.2

« 117. 6

4,7133,871

842

4,7673,6371,130

24, 89314,02410, 869

1,4805.3

93 7163.33

2 867. 92 715. 6

2 152. 3

rRevised. i Preliminary estimate of production. 2 Annual total includes revisions notdistributed by months. 3 Revised to reflect Jan.-Apr. imports from Canada of new andused cars and other motor vehicles not specifically identified; beginning May 1966, data referto total imports (incl. those from Canada) of new, on-the-highway, four-wheeled passengerautomobiles. Revised Jan.-Apr. 1966 data (thous.): 77.9; 73.0; 93.7; 59.0. "Omits data for

two States. &Omits data for one State.9 Total includes backlog for nonrelated products and services and basic research.©Data include military-type planes shipped to foreign governments.©Courtesy of R. L. Polk & Co.; republication prohibited.§Excludes railroad-owned private refrigerator cars and private line cars.


TO

SECTIONS

General:Business indicators..,,.,...,,,, ....... 1-7Commodity prices. , . • , . . . « , . . . , , , . . . . . 7-9Construction and real estate , . . , , . , . 9,10Domestic trade,,,.,..,, . , . , 10-12

Labor force, employment, and earnings 12-16Finance . 16-21Foreign trade of the United States. 21-23Transportation and communications 23,24

Industry:Chemicals and allied products 24,25Electric power and gas... » . , * » * 25,26Food and kindred products; tobacco 26-30Leather and products. 30

Lumber and products. ,, 31Metals and manufactures., » , . . . . , . . . . . 31-34Petroleum, coal, and products,,,«. — » 34,36Pulp, paper, and paper products..,..;.,,,..,. 36,37

Rubber and rubber products,, 37Stone, clay, and glass products » . , , 38Textile products 38-40Transportation equipment 40

INDIVIDUAL SEBIESAdvertising. , 10,11,16Aerospace vehicles. « . » . » . . . . . . . . . . 40Agricultural loans. . , • . , , , . . • , » 16Air carrier operations * \.. ;. 23Aircraft and parts. \ . 4,6,7,40Alcohol, denatured and ethyl...«„ 25Alcoholic beverages. , , 11» 26Aluminum, , , /, 33Apparel,, ,• ; 1,3,4,8,9,11-15,40Asphalt and tar products .' 35,36Automobiles, etc........... 1,3-9,11,12,19,22,23,40

Balance of international payments,....,,, 2,3Banking . . . , , . , . . . . , , , , , . , , , . . . . » , . 16,17Barley. .... 27Battery shipments 34Beef and veal , ; 28Beverages..., , . . , 4,8,11,22,23,26Blast furnaces, steel works, etc 5-7Bonds, outstanding, issued, prices, sales, yields,... 18-20Brass and bronze . » , . „ , , , . ' , . . . . , , , , 33Brick. 38Broker's balances. , 20Building and construction materials 7-8,

10,31,36,38Building costs.. , . , ; 10Building permits»»... * . . . 10Business incorporations (new), failures ...... 7Business sales and inventories. ; 5Butter . . , . » . . , . , , . . . „ , 26

Cattle and calves.....,., 28Cement and concrete products. 9,10,38Cereal and bakery products., 8Chain-store sales, firms with 11 or more stores.;. 12Cheese.,,. 26Chemicals ..?... 4-6,8,13-15,19,22-25Cigarettes and cigars „ ,. 30Clay products 9» 38Coal, ... 4,8,22,34,35Cocoa . ';.; 23,29Coffee , . . , . . ; 23,29Coke, . 35Communication.............I 2,19,24Confectionery, sales............... 29Construction:

Contracts. 9Costs.,,' , , , . . , , , 10Employment, unemployment, hours, earnings., 13-15Fixed investment, structures. 1Highways and roads,.,. .... 9,10Housing starts, , , < V . . . 4 . ... 10New construction put in place........i 9

Consumer credit... ¥ , 17,18Consumer expenditures, , , , , , , . . . . , . , 1Consumer goods output, index, 3,4Consumer price index ,, ^ , 7,8Copper ....,., 33Corn.; . . , , , . , . , 27Cost of living (see Consumer price index). „ . . , . . . - 7,8Cotton, raw and manufactures...... 7,9,22,38,39Cottonseed cake and meal and oil 30Credit, short- and intermediate-term 17,18Crops 3,7,27,28,30,38Crude oil and natural gas , 4,35Currency in circulation. 19

Dairy products 3,7,8,26,27Debits, bank. .., 16Debt, U,S Government, „ , . , . 18Department stores. ;....' 11,12Deposits, bank.,. . 16,17,19Disputes, i ndus t r i a l . , « . . . . , . , . , . . . . . , , , . . , . . . . 16Distilled spirits 26Dividend payments, rates, and yields... 2,3,18-21Drug stores, sales, 11,12

Earnings, weekly and hourly 14,15Eating and drinking places .,, 11,12Eggs and poultry 3,7,28,29Electric power . 4,8,25,26Electrical machinery and equipment 4-8,

13-15,19,22,23,34Employment estimates , 12-15Employment Service activities.. 16Expenditures, U.S. Government 18Explosives.,....,...,,.,,,,,,,... 25Exports (see also individual commodities).... 1,2,21-23Express operations,,..., 23

Failures, industrial and commercial. 7Farm income, marketings, and prices 2,3,7,8Farm wages..';*', 15Fats and oils,..,....,.. 8,22,23,29,30Federal Government finance.«.. 18Federal Reserve banks, condition of 16Federal Reserve member banks.,......, 17Fertilizers, , 8,25Fire losses 10Fish oils and fish , . > . . 29Flooring, hardwood 31Flour, wheat ,, 28,29Food products. , 1,4-8,11-15,19,22,23,26-30Foreclosures, real estate 10Foreign trade (see also individual commod.)..... 21-23Foundry equipment ; 34Freight cars (equipment) 4,40Fruits and vegetables.. 7,8Fuel oil , 35,36Fuels.». 4,8,22,23,34-36Furnaces, 34Furniture... , ........ 4,8,11-15

Gas, output, prices, sales, revenues............ 4,8,26Gasoline. 1,35Glass and products. « . 38Glycerin,,, , , , 25Gold. 19Grains and products. 7,8,22,27,28Grocery stores. 11,12Gross national product, 1Gross private domestic investment. 1Gypsum and products., '. 9,38

Hardware stores , , 11Heating equipment . , . . , , . . . . . . . . . . , . .» . . , . . . . 9,34Hides and skins 8,30Highways and roads 9,10Hogs..... , , 28Home electronic equipment., , . , . 8Home Loan banks, outstanding advances 10Home mortgages, * 10Hosiery , 40Hotels, 24Hours of work per week , , , 14Housefurnishings. , 1,4,8,11,12Household appliances, radios, and television sets. 4,

8,11,34Housing starts and permits 10

Imports (see also individual commodities),.... 1,22,23Income, personal,,.,..., 2,3Income and employment tax receipts. 18Industrial production indexes;:

By industry 3,4By market grouping. , , . , . . . , , . , 3,4

Installment credit. 12,17,18Instruments and related products 4-6,13-15Insurance, life. , , 18,19Interest and money rates , 17Inventories, manufacturers* and trade...... . . . . 5,6,12Inventory-sales ratios , , , . . , . . . , , . , . , . 6Iron and steel 4,5-7,9,10,19,22,23,31,32

Labor advertising Index, strikes, turnover. ...... 16Labor force 12,13Lamb and mutton . . . . . . . . . . . . . . . . 28Lard , „ . 28Lead. ........... 33Leather and products 4,8,13-15,30Life insurance, 18,19Linseed oil. 30Livestock. 3,7,8,28Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit). 10,16,17,18,20Lubricants.,. . , . . . , , , , 35,36Lumber and products 4,8,10-15,19,31

Machine tools . . . . . . , , , . . , 34Machinery.....,,.,,: 4,5-8,13-15,19,22,23,34Mail order houses, sales , . , . . . „ 11Man-hours, aggregate, and indexes, . . . . . . . . . . . . 14Manmade fibers and manufactures. , 9,39Manufacturers* sales, (or shipments), inventories,

orders, » , . . . . . . . . . „ 4-7Manufacturing employment, unemployment, pro-

duction workers, hours, man-hours, earnings. .. 13-15Manufacturing production indexes. „ , / . „ , . . 3,4Margarine, 29Meat animals and meats 3,7,8,22,23,28Medical and personal care 7Metals , 4-7,9,19,22,23,31-33Milk. 27Mining and minerals. , 2-4,9,13-15,19Monetary statistics,.., 19Money supply. , , . . , . . » 19Mortgage applications, loans, rates....... 10,16,17,18Motor ca r r i e r s» , , , . , . . . , . , . . . . , 23,24Motor vehicles 1,4-7,9,11,19,22,23,40Motors and generators , 34

National defense expenditures. , 1,18National income and product , 1,2National parks, visits ...,.,,, ,., 24Newsprint 23,37New York Stock Exchange, selected data.,...... 20,21Nonferrous metals.,. ,, 4,9,19,22,23,33Nonmstallment credit ..,,.......,.,..,... 17

Oats. » , . . , ............ 27Oil burners ,..,,......,. 34Oils and fats, ...,....,...,,,... 8,22,23,29,30Orders, new and unfilled, manufactures*....,.,». 6,7Ordnance. . 13-15

Paint and paint materials, ..,,...,.,. 8,25Paper and products and pulp 4-6,

9,13-15,19,23,36,37Parity ratio . , * . » , . . . , , , . » . . . . , , , . 7Passports issued....,.,,,,.,., 24Personal consumption expenditures. 1Personal income..'. 2,3Personal outlays.., . , . . . , . . , . , . , , , , , , . . , . . . . , , . 2Petroleum and products. 4-6,

8,11,13-15,19,22,23,35,36Pig iron, ,,...., 32Plant and equipment expenditures,.,...,, 2,20Plastics and resin materials,.,..., 25Population. 12Pork,,,..,..., , , 28Poultry and eggs 3,7,28,29Prices (see also individual commodities)..,.,,.,, 7-9Printing and publishing, 4,13-15Profits, corporate. 2,19Public utilities, 2-4,8,9,13,19-21Pullman Company.»,. . , , , , . . . , . , . . . , 24Pulp and pulpwood, .,......,,....; 36Purchasing power of the dollar 9

Radiators and convectors, — 34Radio and television 4,10,11,34Railroads. 2,15,16,19,20,21,24,40Railways (local) and bus lines. . 23Rayon and acetate. 39Real estate. , 10,17,18Receipts, U.S. Government. 18Recreation * , . , . . , . . , . . 8Refrigerators and home freezers 34Rent (housing)......... ,.,; 7Retail trade..,. ..... .A 5,8,11-15,17,18Rice, J . . . . . .;,, . 27Roofing and siding, asphalt.,, i , 36Rubber and products (incl, plast ics) . , . ,», . . . .». 4-6,

9,13-15,23,37

Saving, personal 2Savings deposits , 17Securities issued. ....'. 19,20Security markets 20,21Services, 1,7,13Sheep and lambs. 28Shoes and other footwear , 8,11,12,30Silver., . . . . . , . , . . ,»,, , , . . . . . . . . . . . . . . . . , . . . . 19Soybean cake and meal and oil, 30Spindle activity, cotton 39Steel (raw) and steel manufactures 31,32Steel scrap. 31Stock prices, earnings, sales, etc 20,21Stone, clay, glass products 4-6,8,13-15,19,38Stoves and ranges. , .». . . , , 34Sugar....,..,;.. , , - 23,29Sulfur.,, > . . 25Sulfuric acid, 24Superphosphate, , 25

Tea imports ,. 29Telephone and telegraph carriers 24Television and radio. 4,10,11,34Textiles and products.... 4-6,8,13-15,19,22,23,38-40Tin. , , , . . . , 33Tires and inner tubes. 9,11,12,37Tobacco and manufactures.... 4-6,9,11,13-15,30Tractors..,..,, „ , . 34Trade (retail and wholesale) 5,11,12Transit lines, local . , . » . , . . * 23Transportation. , ,. 1,2,8,13,23,24Transportation equipment.» , 4-7,13-15,19,40Travel. , - 23,24Truck trailers . , . , , , , , . 40Trucks (industrial and other). , , . . . , . . . 34,40

Unemployment and insurance. 12,13,1<>U.S. Government bonds. 16-18,20U.S. Government finance. 18Utilities. 2-4,9,13,19-21,25,26

Vacuum cleaners 34Variety stores. 11,12Vegetable oils. 29,30Vegetables and fruits, 7,8Veterans* benefits. , . . . . , , . . 16,18

Wages and salaries,., , » 2,3Washers and driers. ,, *Water heaters......;........Wheat and wheat flour, , , , ,Wholesale price indexes. , . . . , . , . . „Wholesale trade.... , 5,7,Wood pulpWool and wool manufactures, ,

Zinc.

14,15343428

8,913-15

369,39

33


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