SCB_111959

NOVEMBER 1959

ENTT

U.S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

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

SURVEY OF CURRENT BUSINESS

THE BUSINESS SITUATION

Introduction

Manufacturers' Sales and Inventories . „

Aircraft and Missiles

Rise in Nonresidential Construction Demand,

PAGE. 1

. 2

. 4

. 6

NATIONAL INCOME AND PRODUCT 9

Consumer Market 10

Investment Demand 10

Government Purchases 12

National Income 12

DEFENSE EXPENDITURES ABROAD 15

* * *SPECIAL ARTICLE

Employment in Corporate andNoncorporate Production 18

* * *REVISED STATISTICAL SERIES. . . . . . 24

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

Statistical Index .Inside back cover

Published monthly by the U.S. Department of Commerce, FREDERICK H.MUELLER, Secretary. Office of Business Economics, M. JOSEPH MEEHAN,Director. Subscription price, including weekly statistical supplement, is$4.00 a year; foreign mailings, $7.50. Single copy, 30 cents. Send remit*tances to any Department of Commerce Field Office or to the Superintendent ofDocuments, United States Government Printing Office, Washington 25, D.C.Special subscription arrangements, including changes of address, should bemade directly tvith the Superintendent of Documents. Make checks payableto Superintendent of Documents.

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NOVEMBER 1959

By the Office of Business Economics

GroI1

Billion

500

450

400

50

0

400

350

25

0

-25

U. S. DeF

>ss National Productinal demand continues up —

otal off as inventory rise haltsDollars

^^ TOTAL GNP

y.»** Final Purchases

. 1 1 1 1 1 1 1 1 1 1 i 1 1 1 1

Some decline in these segments . . .

— Consumer —

t __ . ^-^^**'^« Durables

_ Residential __— ~^ "̂* Construction

(nonfarm)

1 1 1 1 1 1 1 I 1 I 1 I I 1 1

but other final purchases are higher

All Other

^^^^ Final Purchases

^ 1 I 1 1 1 1 1 1 1 1 1 1 1 1 1

Steel tieup dominates inventory investment change

Change in

^ Business

^̂ «B»^̂ ^ ^^^^^^^^ Inventories

1 1 1 1 1 1 1 1 1 1 1 I 1 I 1

1957 1958 1959 1960Quarterly Totals, Seasonally Adjusted, at Annual Rates

>artment of Commerce, Office of Business Economics 59-11-1

A FEATUKE of the business situation in October was therise in retail sales resulting from a spurt in automobile salesunder the stimulus afforded by the 1960 model cars. Thisrapid advance was temporary since new car production wassharply reduced after mid-October as steel supplies ran out.The October rise in retail trade brought the total up to aboutthe July seasonally-adjusted rate as the declines of Augustand September were made up. Retail sales other than thoseof automotive dealers were steady in October, after havingdrifted down 1% percent from the July peak. Both non-durables and durables other than the automotive group werelower in October than in July.

Overall economic activity in October was little changedfrom September as cross currents again characterized thismonth. Industrial activity sagged further as depletions ofinventories forced output and employment curtailments inmetal-using industries. The modest October decline in non-farm employment was centered in these industries, and lay-offs were rising when the steel injunction became effectivefollowing the decision of the Supreme Court on November 7.

Personal income and employment

Personal income in October was up somewhat from thatof August and September. A moderate decline in wage andsalary disbursements was more than offset by small increasesscattered elsewhere in other types of income.

The drop in seasonally adjusted nonfarm employment inOctober lowered the total back to that of August. Non-manufacturing employment has continued to show littlechange, following the gradual rise during the first half ofthe year.

In the latter part of October and in early November, ad-ditional layoffs developed, as production cutbacks resultingfrom the lack of materials became more widespread. Initialclaims for unemployment compensation rose in the final 2weeks before steel operations were resumed. The resump-tion of work in the steel industry raised employment also onthe railroads and in the mines.

While rapid initial progress was made in stepping up steelactivity, many steel-consuming industries had practicallyrun out of steel or had exhausted some essential types; inthese instances, further curtailment of production is neces-sary before the renewed flow of steel reaches volume pro-portions and regularizes operations.

Nonfood prices up

Consumer prices in September inched up and the index at125.2 (1947-49 = 100) was a little more than 1 percent abovea year ago, with lower food prices partially offsetting a quite


SUIiVEY OF CURKEXT BUSINESS November 3 !»."»!>

general rise in other goods and services. Commodity pricesas a group were up a little from a year ago with nondurablegoods prices little changed as a drop in food prices offsetmoderate increases elsewhere. Durable goods prices in Sep-tember were up more than 2 percent from last September.

Wholesale prices have risen only a little in the past year asa decline in farm products and processed foods offset a riseof 1.7 percent in industrial prices. Higher prices prevailedin leather products, lumber and wood products, and the ma-chinery and motive groups.

MOVEMENT OF MANUFACTURERS' SALESAND INVENTORIES

Since midsummer manufacturers have been drawing on in-ventories to meet their somewhat reduced sales. The recenteasing of sales followed the peak of June when they toppedthe previous high of January 1957 by 4 percent in value andabout 2 percent in volume.

Manufacturers' sales in the third quarter fell 3 percent be-low the record second quarter seasonally adjusted rate; thedecline was entirely in durable goods. The reduction cen-tered in July and August when activity lagged as the impactof the loss in steel output and retooling in the automobileindustry for the new models began. While deliveries im-proved in September they still were not back to the Junerate and continued in restricted volume in October.

Durable goods companies reported a September firmingin sales—partly supported by reducing stocks, while non-durable goods firms reported another high. Producers ofmotor vehicles, machinery, and fabricated metal productsstepped up shipments from August to September, after sea-sonal allowances. The improvement in September was suf-ficient to bring both electrical and nonelectrical machinerysales for the third quarter as a whole well above the previousquarter.

Durable Goods Manufacturers'Sales and New Orders

Billion Dollars (ratio scale)

20

15

10

Safes

1957 1958Seasonally Adjusted

1959

Auto output was sharply higher in October as the assemblyof 19(50 models went into high gear; at month's end, however,most companies were curtailing operations due to steel short-ages. In the first week of November assemblies were downto 65,000 from the top of 134,000 in the week of October 17.

The nondurable goods manufacturing industries have pro-vided a strong buffer in the recent situation. During thethird quarter deliveries advanced slightly over the secondquarter total. Particularly impressive in the September salespicture were the advances in the paper, chemical, petroleum,and rubber industries.

Manufacturers' orders strongRestrictions on manufacturers' deliveries arise from short-

ages of materials rather than market weakness. New ordersplaced with manufacturers dipped 3 percent from the secondto third quarter, seasonally adjusted, but third quarter ordersreceived by other than primary metal firms held at thesecond quarter high.

In the volatile durable goods sector, orders declined inJuly and August and the September rise wTas of limitedsignificance as a business indicator. The rise registered innonelectrical machinery, heavy electrical apparatus, andradio-electronics-communication equipment was, however,noteworthy.

Nonelectrical machinery orders made an especially goodshowing after a temporary setback in August. Both theindustrial and the iionindustrial machinery groups partici-pated, although in the former group, which includes metal-working, special and general industry machinery, recentorders w7ere under 1956 highs. For iionindustrial equipmentproducers—recent rates of incoming business surpassedearlier highs.

The relatively weaker orders position in the transportationequipment group since midyear is attributable to the reducedvolume of defense contracts placed rather than to the order-ing of motor vehicles or other civilian goods produced in thisindustry. The lowered defense ordering in the third quarteris apparently a temporary decline as fiscal 1960 programsunderwent a thorough review.

Current inventory positionThe fluctuation in inventories which was the dominating

factor in the movement of the gross national product sincemidyear is reviewed in the section on national income andproduct. Certain of the details in manufacturing are coveredhere.

Table 1.—Percentage Changes in Manufacturers' Sales and ]\ev>Orders l Quarterly, 1959

All manufacturingExcept primary metals

Durable goods. _ . - _ -Except primary metals

Primary metals...Fabricated metalsElectrical machinery

Nonelectrical machinery ...Transportation equipmentOther durables

Nondurable goods

Changes from Preceding Quarter

Sales

I

43

54

10

-1

82

2

II

8

111(3

18105

129

11

4

III

-32

-63

-4726

441

1

New Orders

i53

85

263

-2

168

-2

2

II III

5

6 -11

-9 -2

1316 -110

4

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

1. Based on seasonally adjusted data.

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


November 1959 SURVEY OF CURRENT BUSINESS

Steel and its products comprise only a part—albeit an im-portant one—of manufacturers' total inventories. In recentmonths an accumulation of non-steel items lias apparentlyoccurred—especially among producers affected by bottle-necks arising from steel shortages. This accumulation keptthe overall inventory reduction of manufacturers to moderateproportions during the third quarter. Imbalances in therecent composition of factory stocks constitute a greaterhindrance to high activity than might be indicated by themagnitude of current changes.

Manufacturers' Inventories and Sales

Billion $ (ratio scale) Billion $ (ratio scale)

40

20

10

30

20

10

8

DURABLES

Inventories

Sales

_ NONDURABLES

40

20

10

Sales

METAL USING

Inventories

Sales

PRIMARY METALS

Inventories

1957 1958 19591 I I I I I I . . . .

1957 1958 1959Seasonally Adjusted

Notes Sales are total for month: inventories are book value at end of month

U. S. Department of Commerce, Office of Business Economics 5 9 - 1 1 - 3

The pattern of inventory movements this year has receivedits impress primarily from the durable goods industries.Heavy goods producers accounted for four-fifths of the risen book values of factory inventories during the first twoquarters of 1959 and all of the third-quarter reduction.

The expansion in durable goods inventories did not match;he rise in deliveries during the first half. In fact in someireas, sales picked up so rapidly that desired inventory build-ng was difficult. By midyear, the inventory-sales ratio forhe group was 1.9—the lower limit of the range of such ratios'or the postwar period, except for a short period early in theKorean conflict. A somewhat low inventory position is alsondicated by the postwar relationship of stocks to salesafter allowance for the typical lag).Some light on this year's shifts in composition of durable-

roods producers' inventories is shed by data on three broadategories of stocks by stage of fabrication. Purchased ma-mals accounted for nearly three-fifths of the book valueise in the first 6 months of 1959, while the other category ofworking stocks—goods-in-process—accounted for anotherifth. Since the onset of the steel work stoppage, all theiquidation of stocks by durable goods producers has centeredi purchased materials. Goods-in-process and holdings of

finished goods showed little change over the summer. Insome cases, of course, manufacturers do not normally carrystocks of completed products. Stocks of automobiles, forexample, are held by retailers.

Inventory investment by nondurable goods companies hasrepresented one of the more stable elements of demand thisyear. The growth did not keep pace with the sales ad-vance: at 1.4 the stock-sales ratio this fall was lower than atthe start of the year and could be considered on the lowside by postwar standards.

Among the soft-goods industries, the moderate accumula-tion during the first half centered in purchased materials.In the third quarter the small increase occurred in goods-iii-process and finished goods.

Variations by industriesWithin the framework of the general trends in manufac-

turers' sales and inventories, there have been substantialdifferences in developments within industries—depending inlarge part upon the degree of reliance on steel. Sales ofprimary metal producers, of course, declined precipitouslyin the third quarter. Prior to this period, this group's ship-ments had shown a larger rate of advance from the 1958 IOWT

than any other major durable goods industry (see chart).Since late 1958 shipments had been enlarged by the efforts ofcustomers to hedge against possible shortages.

Of interest is the moderate but definite uptrend in in-ventories held by primary metals producers through mid-1959. The substantial inventory liquidation in durablesduring* 1958 scarcely touched this industry except for mildreductions in book values for a few months around midyear.Liquidation started last May and amounted to about 10 per-cent by the end of September.

Among the metal-using industries—fabricated metals, ma-chinery, and transportation equipment—shipments peaked inJuly and were about 2 percent lower, on a seasonally adjustedbasis, in the August-September period. There has been astrong upsweep in sales by these industries since the begin-ning of the recovery period in early 1958.

Current markets for business equipment, automobiles, andother consumers' durables are quite strong, though becauseof the steel strike it will not be until further along in the

Table 2.—Manufacturers' Inventory-Sales Ratios l

A 11 manufacturing industries. _.All manufacturing except primary metals

Durable goods industries-.Durable goods except primary metals

Purchased materialsGoods-in-process _Finished goods

Nondurable goods industries

Purchased materials _ _Goods-in-processFinished goods

Primary metalsFabricated metalsMachinery _Transportation equipment

Food, beverage tobaccoPaperChemicalsPetroleumRubber

1956

Sept.

1.871.90

2.192.32

.61

.92

.66

1.56

.62

.21

.73

1.582.082.492.70

1.511.541.871.202.25

1957

Sept.

1.921.91

2.252.30

.60

.95

.70

1.59

.63

.21

.75

1.992.022.472.36

1.441.511.921.282.23

1958

Sept.

1.841.83

2.202.25

.59

.89

.72

1.51

.61

.21

.69

1.961.782.272.77

1.371.481.811.142.21

19

June

1.691.69

1.922.02

.56

.75

.60

1.42

.58

.20

.64

1.441.912.132.08

1.341.431.771.091.95

59

Sept.

1.751.68

2.112.00

.59

.84

.67

1.42

.58

.20

.65

3.281.742.072.01

1.351.391.84.99

2.18

1. Based on seasonally adjusted data.

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


SUEVEY OF CUREENT BUSINESS November 1959

model year that a gage of basic market demand in autos, e.g.,will be obtained.

The drawing down of stocks of durable goods in Augustand September occurred primarily in the fabricated metalsgroup, among suppliers of structural steel products, plumb-ing and heating equipment, cans and other metal containers.By the end of the quarter machinery and transportationequipment companies had made only moderate reductionsin stocks, although imbalances were more seriously threat-ening near-term operations. By early November, shortageshad eroded production schedules on a broader front.

AIRCRAFT AND MISSILES

The preceding review has traced the short-term movementof manufacturing sales. In the following, a somewhatlonger perspective is given for one major industry.

Among the many shifts that are underway in the econ-omy are those in the aircraft industry. These have resultedfrom the changing character of procurement by the militaryservices and by the jet-purchasing program of the civil air-lines—both domestic and foreign.

Military Obligations of Defense DepartmentQuarterly totals, and average of fiscal 1960 budget

Billion Dollars

15

10

Total FiscalI960

Major Hard Goods andResearch and Development

1953 54 55 56 57 58 59 60

Note.- Excludes M.A.P.U. S. Department of Commerce, Office of Business Economics

Data.- Defense Dept.59-11 -9

Total defense obligations for military functions are givenby quarters in the accompanying chart. These turned up-ward following the decline in 1957 and have remained highthrough the first half of this year. During the fiscal yearthat began in July, obligations are expected to average abit lower. Major hard goods, including research and de-velopment, make up about 40 percent of obligations andaccount for relatively more of the year-to-year change.

In recent years major shifts have occurred in the kinds ofproducts comprising hard goods, A considerable decreasein purchases of motor vehicles, ammunition, and productivefacilities occurred a few years ago, as indicated by the trendin expenditures on other hard goods shown in the accom-panying chart. Such expenditures are currently ratherstable.

Expenditures on aircraft and missiles exhibit a differentpattern. Between fiscal 1954 and 1959, aircraft purchases

were greater than outlays on all other types of major hardgoods. The prospect of a further decline in expenditureson aircraft in 1960 together with a further rise in purchasesof missiles marks a change in this expenditure pattern. Therise in missile purchases from $1.2 billion in 1956 to a pro-jected $3.9 billion in fiscal 1960 is indicative of the emphasisbeing placed on this procurement program.

Military contractsA number of durable goods industries have significant

roles in defense procurement programs through both primeand sub-contracts. A larger volume of military prime con-tracts is awarded to manufacturers of complete aircraft andengines than to any other industrial group. Of the primecontracts valued at $10,000 or more awarded in 1958 (whichincludes purchases of soft and hard goods, construction andservices), half represented commitments for the procure-ment of aircraft and missiles. Most of the latter were letto the aircraft industry.

Orders from the military agencies represent about 80 per-cent of the business of aircraft producers. With increasedemphasis on unmanned aircraft, the industry has devoted arising share of its resources to the development and produc-tion of such craft.

The broad shifts within the aircraft group may be seen inthe charting of sales and orders for makers of completeairplanes, engines and propellers. New orders as reportedby the Bureau of the Census for the same group of compa-nies are presented in the accompanying text table by halfyear periods.

One of the characteristics of the aircraft industry is thelong lead time involved in production. A consequence ofthis is that in the short-run new orders and sales are lessclosely related than in most other industries.

Order picture of producersDuring the past decade, the order picture for aircraft

producers has been dominated by two waves of heavy order-ing. These are reflected in the backlog of orders, as shownin the lower part of the double-panel chart. During eachof these periods new orders were substantially higher thansales, and backlogs rose to more than l1/^ years of sales atthe existing rate.

New orders and backlogs rose strongly during 1956; al-though they never quite reached the earlier high point, newcommercial jets and other products, including missiles,broadened the product base and provided some diversity inthe output of the industry. Since 1956 total orders havebeen at a lower rate than sales, and the backlog has declined.

194919501951

19521953 .1954

195519561957 ___

1958 _ _ _1959

Net new orders— semi-annual data

(Millions of dollars)

First half

5871,0766, 923

4,4975,4982,663

3,4165,6633,639

4,9155,098

Second half

1,1013,24C4,177

6, 98£2,1123,64f

5,90-6,47*4,30*

5,08(


November 1959 SURVEY OF CURRENT BUSINESS

The downward trend of employment in the aircraft in-dustry since the peak in 1957 is traced in the accompanyingtext table.

Commercial jet deliveriesSales of civilian aircraft have recently moved upward

following a decline beginning in 1957 and extending throughthe third quarter of 1958. The backlog has remained high.

In terms of numbers, most of the civilian planes producedare small craft—more than 90 percent are less than 3,000pounds airframe weight. In value terms, however, thelarge planes account for more than four-fifths of sales. Thejet commercial planes have made an outstanding record on

Sales and Orders ofAircraft Producers

Billion Dollars15

10

NET SALESHalf Years at Annual Rate

Tofaf

3rd qtr. est.

20

15

10

BACKLOG OF ORDERSAt End of Period

Civilian Planes

Other, Incl. Missiles. 1 . 1 , 1 . 1 . 1 . 1 , 1 , 1 . 1

1951 53 55 57 59Data: Census Bur.

U. S. Department of Commerce, Office of Business Economics * 59-11-10

the routes on which they have been available. They havebeen traffic builders and have shown a low cost per passen-ger-mile.

Missiles and research risingThere as been a pronounced upward trend in sales of the

other products of aircraft producers. The "other" groupincludes research and development and missiles.

One of the characteristic features of the aircraft industryis the emphasis upon research and development. Sincecriteria have not been fully standardized for distinguishingsuch activity from other operations, estimates of the dollarvalue of such work have inherently an imprecise character.It is a major fact, however, that research and developmentprojects of the Department of Defense are of growing im-portance, and a sizable portion of such work is being per-formed by the aircraft industry.

In the past 3 years Department of Defense obligations forresearch and development have shown a substantial increase.Much of the rise has been for missile work. Aircraft andmissiles now account for well over half of research anddevelopment budget obligations. In fiscal year 1959 around$5 billion of contracts were awarded to private industry bythe Department of Defense for research and development.Obligations for 1960 are expected to be somewhat higher

Total Employment in Aircraft and Parts Industry[Thousands]

1956

1957 _

1958 _._

1959

Monthlyaverage for

year

809.3

861.7

757.6

Monthly average for quarter

I

773.2

885.8

758.6

755.7

II

784.6

890.4

749.4

741.6

III

820.9

870.1

756.7

732.8

IV

858.4

800.4

765.9

than last year, and again probably about half of the Govern-ment contracts will go to the aircraft industry.

Growth in the importance of research and development isreflected in shifts in the type of workers employed. Grantingagain the problem of classification, the percentage of pro-duction workers to all employees as reported by the Bureauof Labor Statistics has dropped steadily since 1953. In thefirst half of 1959, some three-fifths of aircraft employeeswere identified as production workers. Although a relativedecline in production workers is a phenomenon common tomanufacturing as a whole, that for the aircraft industry iswell above average.

Other industries importantCompanies other than those classified in the aircraft in-

dustry also have large commitments involving the develop-ment and production of systems built around unmannedaircraft. The relative role taken by each of the industriescan be appraised roughly on the basis of an employmentstudy by the Department of Labor.1

i The making of missiles and parts has not been classified as a distinctindustry. Thus, available data on an industry basis do not provide the figuresnecessary for analysis of all missile activity. This study presents the resultsof a special inter-industry survey of producers) holding Defense Departmentcontracts1; in addition, all aircraft companies employing more than 200 personswere included whether or not they were listed as having contracts. Thus, itdoes not cover all establishments producing components destined for use inmissile systems. On the other hand, even complete coverage would not haveresulted in a body of economic data comparable with industry statistics. Thisfollows because missile components do not represent the primary product ofmany establishments reporting missile activity.


6 SURVEY OF CURRENT BUSINESS November 1959

An estimated 350,000 persons were engaged in developingand producing missile systems in the second quarter of 1959.This represented a rise of more than 100,000 persons in ayear and a half.

Based on detailed data for October 1958, about 40 percentof the personnel engaged in missile activity are employed inthe aircraft industry. Compared with year-earlier figures,the percentage was tending upward. The two industries,ordinance and electrical machinery, each accounted for

Major Defense Hard GoodsFiscal Year Totals, 1951-60

Billion Dollars20

15

10

1951

® Fiscal I960 estimate


Data: Defense Dept

5 9 - I I - I I

another 20 percent of missile-related employment. Theremaining workers were widely dispersed among other manu-facturing and nonmanufacturing industries.

In none of the industries did missile-related employeesrepresent more than half the workers, although that pro-portion was approached in the ordinance group. In aircraft17 out of 100 employees were working on missiles in October1958. The relative number in communications equipment,a subgroup of the electrical machinery industry, appearssomewhat less.

RISE IN NONRESIDENTIALCONSTRUCTION DEMAND

Construction expenditures for commercial and industrialproperties have been rising steadily this year and reached aseasonally adjusted annual rate of more than $16 billion inthe third quarter. This was 4 percent higher than in thecorresponding 1958 period and lower than the 1957 thirdquarter peak by a similar amount. Some falling off inseasonally adjusted outlays was evident in September relatedat least in part to the steel strike. Aside from this, however,the figures on contract awards suggest a rising trend. In thefirst 9 months of this year the dollar value of private awardsother than residential was some 15 percent above that in the

same 1958 period, or substantially more than the advance inexpenditures.

This group embraces certain categories which have ex-hibited considerable cyclical fluctuation, such as industrialand railroad construction, and others where growth trendshave been strong and counter-cyclical behavior in the post-war period has been evident, such as the utilities, and com-mercial and institutional construction. Because the changeshave been largely offsetting, the combined private iionresi-dential total has shown relatively small year-to-year fluctua-tions in most of the postwar period.

Over the past year as well, divergent movements in themajor components account for the modest increase that hasoccurred so far. Industrial construction did not reach itsrecent cyclical low until the second quarter of this year.Public utilities moved up from the third quarter of 1958 tothe first quarter of 1959 but have been declining since, whilecommercial construction has advanced this year.

Industrial and Other Construction

The seasonally adjusted rise in industrial construction thatbegan in the second quarter of this year marked the end of a2-year decline. The 50-percent decrease over this period wasmore than twice as great as the one that followed the Koreanbuildup but was apparently less severe than the early post-war downturn in plant construction. It is of interest to note,however, that the current lag in plant construction—aboutone year after the low in industrial production—was muchlonger than in the two earlier recoveries, which saw season-ally adjusted outlays for new plant turn around almostsimultaneously with the cyclical reversal in production. Thesubstantially increased capacity base now as compared withthe earlier periods is the chief reason for the slower recoveryin the most recent period.

Public utilities have exhibited a rather erratic patternsince reaching a top in the final quarter of 1957. Seasonallyadjusted activity eased off to the third quarter of last year,picked up for two quarters but has been falling since earlythis year. Construction by the railroads and communica-tions companies has risen slightly in 1959 but that of electricand gas utilities has been slightly lower than in 1958. Theelectric utilities have recently embarked on a new round ofcapacity expansion so that outlays in this group may beexpected to move up as this program develops.

Most other types of private nonresidential constructionregistered large increases from 1957 to 1958. This year hasseen divergent movements, by type of building; for the first9 months of 1959 the combined total has increased 5 percentover the same period last year.

The largest increase—more than 30 percent—was in socialand recreational buildings, a category that includes commer-cial types like bowling alleys as well as quasi-public com-munity buildings. Outlays for religious buildings, whichchanged little from 1957 to 1958, are running 10 percent abovethose in 1958 and are approaching a record total of $1 billiona year. Educational buildings and hospitals and institu-tional structures are running about 6 percent below 1958.The real volume of school buildings, it may be noted, haschanged comparatively little since 1954. The dip in hospitalconstruction that is showing up this year is probably quitetemporary in view of the recently stepped-up appropriationsunder the Federal-aid program.

Commercial building paces riseA distinguishing characteristic of investment in commer-

cial facilities in the last two recessions has been its contra-cyclical behavior. Outlays for this group were essentially


November 1959 SUKVEY OF CUR-BENT BUSINESS

unchanged between 1957 and 1958, and proved to be an im-portant element of stability in a period when nonfarm busi-ness plant and equipment expenditures declined $6% billion.Similarly, from 1953 to 1954, commercial construction out-lays increased almost 25 percent, in contrast with a 5-percentdecrease in business capital outlays.

The recovery in investment this year has been accompaniedby a very marked advance in the commercial field. Outlaysrose to a seasonally adjusted annual rate of $4 billion in the

New Private Nonresidential ConstructionMillion $

1,500

Public Utilities

Industrial

1,000

500

Commercial

Other Nonfarm •—

I . . .1957 1958 1959 1957 1958 1959

Quarterly Totals, Seasonally Adjusted

Data: B D S A 8 Census Bur,

U, S. Department of Commerce, Office of Business Economics 5 9 - 1 1 - 7

third quarter of 1959, up some 15 percent over the fourthquarter of 1958. For the first 9 months of 1959 dollar volumeincreased almost 10 percent over last year. The third quarterestablished a new record in current dollars, although in realterms it was about 3 percent below the first quarter of 195(5.Recent months have seen an edging off from the peaks of thissummer; activity in September, after seasonal adjustment,was about 6 percent lower.

Retail store expansion

Outlays for stores moved counter to the general trend overmuch of the 1956-57 capital goods boom. Seasonally ad-justed these peaked as early as the first quarter of 1956 anddeclined thereafter for eight successive quarters, to a pointone-third below the high. The upturn in activity that beganin the first quarter of 1958 continued into the third quarterof this year, so that outlays were within a few percent of theearly 1956 peak, although after adjustment for increased con-struction costs they might still be as much as 15 percent lower.

Store construction activity appears to be fairly closelyassociated with movements in residential construction, asmay be seen in the chart on page 8. Indeed, over much ofthe postwar period the major turning points in the two seriesshow a close relationship, with perhaps a short lag of storebuilding behind residential building. This near-coincidencereflects the fact that the major force behind store construc-

tion outlays has been the commercial development of thesurburban localities that has accompanied the shift of popu-lation and new homes to the outlying areas.

There are several longer run factors which are favorablefor this type of commercial construction even though therecent easing in homebuilding must be considered a dampen-ing influence. The real volume of retail sales and services inthe postwar years has been undergoing a fairly steady growth.Modernization needs for outlets in downtown areas are stilllarge and stores, such as food and drug chains, continue toconsolidate, modernize, and expand small units in olderneighborhoods. The population growth has been increasingat a steady rate and there is no evidence of any abatement inthe movement to outlying areas.

Data recently collected in the 1958 Census of Business pointto an increasing absolute and relative amount of retail busi-ness being transacted in stores outside the central cities ofmetropolitan areas. This may be seen in the table below,which compares, for Census years, retail sales trends for thecentral city and the non-central city portion of 20 of thelargest 25 metropolitan areas for which matched data werereadily available. In 1954, these 20 areas accounted for some50 percent of retail sales in all metropolitan areas as definedby the Census Bureau.

Percent Increases in Retail Sales in 20 Large Metropolitan Areas

Central cityNon-central

areascity areas

1939 to1948

172215

1948 to1954

1960

1954 to1958

626

It is also of interest that the proportion of new store con-struction that is taking place in suburban as compared withcentral city areas is much higher than the proportion of retailsales which wrere made in the suburbs in 1958. This com-parison suggests a further increase in the share of retail salesthat will be transacted outside of central city areas, althoughthe more extensive facilities of downtown shopping districtsstill hold strong attraction for consumers.

Gaged by past experience store construction in recent yearsdoes not appear to be high in relation to the volume ofhomebuilding that has occurred, although the record goesback only to 1920. The table on page 8, which presents de-flated expenditures on residential and store construction for5-year periods since 1920, and the ratio of the latter to theformer, shows that the ratio in the 1955-59 period is still wellbelow those of the 1920's. The ratios for the twenties, ofcourse, are very likely on the high side in view of the broadeconomic downturn that started in late 1929.

Office Buildings and Warehouses

Construction expenditures for office buildings and ware-houses reached record highs in both current dollars and realterms in the first half of 1958 following an advance thatlasted for 5 years. Since then outlays have been quite highbut have so far not come back to the earlier peak. Seasonallyadjusted expenditures declined moderately in the third andfourth quarters of 1958, reflecting a lower volume of newprojects initiated earlier in the recession. The effects of therecession were short-lived, however, since outlays picked upagain in the first quarter and continued to advance a littleuntil midsummer of this year.

An examination of postwar expenditures for this type ofconstruction reveals two main points: first, expenditures



have shown a fairly steady upward trend over the entireperiod. Outlays dipped only slightly in the 1949 recessionand not at all in 1954; the large 1952 decline was the result ofGovernment restrictions during the Korean period. Second,activity in the past 5 years has been unusually strong. Realoutlays in the past 5 years, for example, were more thandouble those made in the 1950-54 period.

In the case of office buildings the general rise of outlaysreflects the expanding needs for office space that has accom-

New ConstructionResidential Structures and Stores

Billion Dollars (ratio scale)10.0

8.0Residential Building

Table 3.—Ratio of Store to Residential Construction Expenditures,Five-Year Periods, 1920-59

(nonfarm)

Stores, Restaurants,ana* Garages

6.0

4.0

2.0

1.0.8

,6

.4

.2

.1 I I 1 I I 1 I I 1 I I I 1 I I I 1 I I I I I I I I I I I I I I I 1 I I I I I I I I I I I 1 I I I I I I 1 I I M

1948 50 52 54 56 58 60Quarterly Totals, Seasonally Adjusted

Data : BLS, BDSA, 9 Census Bur.

U. S. Department of Commerce, Office of Business Economics 59-11 "8

1920-24. ..1925-29 ._ __1930-341935-39 ._ _

1940-441945-491950-54. _. ___ . .1955-59 i

Construction expendi-tures (billions of1947-49 dollars)

Store

3.97.02.12.4

1.53.63.96.3

Residential

34.951.112.219.9

18.035.058.771.7

Ratio ofstore to

residentialexpendi-

tures(Percent)

11.113.617.012.2

8.310.4

S.8

1. Data for 1959 are based on the seasonally adjusted annual rate in the first 9 months.Sources: U.S. Department of Labor and U.S. Department of Commerce.

panied the trend of employment of professional, office, andkindred workers. Employment of white collar personnelhas been increasing much more than total employment. Asin the case of store construction this growth has also spreadinto new suburban areas, although in contrast with storeconstruction, office buildings are still predominantly a cen-tral city phenomenon.

The acceleration in office building construction in the past5 years is probably attributable in part to the liberalizationof the depreciation provisions under the Revenue Act of1954. By permitting rapid depreciation in the early years,the ability of investors to recapture a major part of theirequity in a relatively short time has been greatly increased—a consideration which is of particular importance in the realestate industry where borrowed funds are the main source offinancing.

The recent increase in interest rates may be acting as anunfavorable influence on this type of construction at thepresent time. Vacancy rates, however, while higher thanthey were 10 years ago, are still relatively low and the de-mand for the most modern facilities is still very strong.The new trend toward the automation of office work, whileprobably space-saving on balance, is still quite limited in itsscope.


National Income and Product

In the Third Quarter

(jROSS national product was off in value and in volumein the third quarter of 1959, as manufacturers' inventories ofmaterials were drawn down and the upsurge of final demandslackened. The value total, amounting to an annual rate of$4781/^> billion, compares with $484% billion in the secondquarter and $470 billion in the first. Prices continued theirslightly rising movement during the quarter.

The dip in'GNP since midyear has reflected mainly theloss of production in steel and related lines. With demandfrom final purchasers again higher, inventories in these lineswere reduced below the totals reached in the spring buildup.

Despite the production setback—the first in a year and ahalf—most of the ground that had been gained in the cyclicalupswing through midyear wTas held. Real gross product inthe third quarter was nearly 9 percent higher than at thecyclical low of the first quarter of 1958.

The distortions associated with the steel strike were re-flected in GNP mainly through the inventory-change com-ponent. The basic situation may be seen more clearly in therecord of final purchases, which excludes this component.

The current volume of demand—both combined and ineach instance—for residential construction, consumption andfrom government is wrell above the 1957 prerecession quarter.

Business fixed investment, sharing incompletely in therecovery so far, has not yet regained the position it held be-fore the 1957-58 contraction.

Net exports are likewise lower than before the recession,even when allowance is made for the Suez crisis and otherspecial factors that temporarily raised the balance in 1956-57.Our exports have remained substantially below the prere-cession peak while imports have advanced strongly sincethat time. The adverse trend in our balance of internationalpayments has been reviewed in earlier issues of the SURVEYand will again be discussed in next month's issue.

The principal market developments of the third quarterare summarized with this record for background in the fol-lowing table. There has been a leveling off in purchasesof consumer goods and in residential construction. Busi-ness demand for capital equipment was stepped up some-what. Exports also moved up, registering a somewhatgreater improvement than in the second quarter when alimited upturn had occurred. Net payments to foreigncountries during the third quarter remained about as highas earlier in the year, which suggests that the rise in re-ceipts from exports was offset in the balance of paymentsby unilateral transfers or capital transactions.

These developments together led to a $5^ billion advancein the current-dollar annual rate of final purchases. Thiscompares with increases ranging from $7 to $10 billion inthe preceding four quarters.

The specific forms the slowdown took are noted in the fol-lowing pages. The simultaneous arrest of expansion inseveral demand components just at this time was partly for-

tuitous. It is important, however, to recognize certainmore pervasive factors in the general situation. The steeland other strikes had an important effect on demand throughthe loss in income, unemployment, and extensive uncertaintythey caused; moreover, anticipatory buying had afforded aspecial stimulus to production and income in the springquarter, the removal of which tended in itself to slow thepace of the economic expansion.

Aside from these effects of the strike, past experience in-dicates that final demand would naturally tend to rise lessrapidly at the stage of the business cycle we have nowreached.

Consumer Spending forMajor Commodities

Billio

30

20

10

80

70

65

30

20

n Dollars

MDurable Goods

(excl. autos) .̂

_ -^

'**^+^** ^^ Autos /

1 t f 1 1 ! I 1 1 ! 1 fvv

i 1 y,.

,.-•"', „,'""'

^

~-

-x^ —

Apparel

\ \ \ \ \ i i i 1 I \ \

1955 56 57 58 1958* 1959*^Quarterly totals, seasonally adjusted, of annual rates

U. S. Department of Commerce, Office of Business Economics 59-11-4

529257°—59-Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

10 SURVEY OF CURRENT BUSINESS November

Trends in "Real" Final Purchases

(Indexes, seasonally adj., 3rd qtr. 1957 = 100)

Total

Consumer spending and resi-dential construction

Government purchases

Business fixed investment

Net exports:

Exports

Imports _ .

19

III

100 0

100. 0

100. 0

100. 0

100.0

100. 0

57

IV

99 1

99.5

100.7

96.1

93.9

100. 5

I

97 4

98.5

102.7

86.7

85. 0

97.1

19

II

97.6

99.3

104. 3

82.2

86.2

101.9

58

III

99 0

101. 0

105. 9

81.0

90.3

104.8

IV

100 4

102.7

108.5

82.2

87.9

111.1

I

101 7

104. 6

109. 1

83.9

S3. 0

111.5

195

II

103 6

107.0

109.3

87.2

85. 0. V.

118.3

-)

III

104 1

107.0

108. 7

89. 0

93.5

120.2

The third-quarter shifts in the national markets have cutacross type-of-product and industry lines. In hard goods,the movements of producer and consumer items have beenpartly offsetting; the same is true of residential and non-residential construction. As a result, the summer advancein national income and product outside the strike-affectedareas, though limited in size, has apparently been widelyshared among the Nation's major industries.

THE CONSUMER MARKET

Personal consumption expenditures in the third quarterwere at an annual rate above $313 billion. The increase fromthe second quarter amounted to $2 billion, compared with a$7i/2 billion jump in the spring and advances of $3i/2 billionto $5 billion in other quarters during the business upswing.The slowing of expansion in the consumer market came asan extended advance in disposable income was checked aftermidyear.

The third-quarter rise in total consumer outlays stemmedfrom the continuing uptrend in service expenditures. Pur-chases of durable and nondurable consumer commodities,many of which had recorded sharp gains in the spring andwere at record or near-record levels by midyear, have sinceshown a mixture of minor increases and decreases.

Among the major durables, both autos and householdgoods reflected the pattern of marked rise through the springand little overall change in value or volume in the summer.

Third-quarter sales of new cars were affected by a greaterthan seasonal decline in demand in September prior to theintroduction of the new models, and by the looming supplydifficulties which made liquidation of stocks of 1959 modelsof less concern than it would otherwise have been. The dipin sales was more than made good in October after the 1960cars came on the market. There was a strong initial demandfor these when they became available. But production wassharply curtailed before month end and this meant, of course,a slackening of the flow of cars to dealers.

Spending for nondurables was at a $148 billion annualrate in the third quarter. This was about the same as duringthe second quarter, and nearly $3 billion above the openingquarter of the year. The advance last spring was one of thelargest recorded in any quarter for several years. It featuredincreases on the order of $1 billion in food and in apparel,which were not repeated in the third quarter, as well asscattered gains elsewhere which continued during thesummer.

Outlays for food, which make up more than one-half thenondurables total, had been rising for several quartersdespite some price easing. The real volume of food con-

sumption increased accordingly, after having declinedslightly from 1957 to 1958. No significant change is indi-cated to have taken place in the summer quarter.

For purchases of apparel, as for household durables, theupsurge last spring and leveling off in the summer followeda half-year of relative stability in the value and volume ofsales.

INVESTMENT DEMAND

Investment components of the GNP have followed diversemovements. The year-long advance in residential construc-tion was checked in the summer quarter of 1959 after havingreached an all-time peak more than one-third above the lowof early 1958. At $22i/2 billion, the outlay was fractionallyunder last spring but well beyond previous highs.

The course of new dwelling unit "starts" and of totalexpenditures during the recent business upswing has beensimilar to that of 1954-55. (See chart.) In each case aperiod of relatively easy financing occurred early in thegeneral business recovery, and in this phase of the upswingactivity rose rapidly towrard historic highs. The advancedrate of "starts" was maintained for approximately threequarters, in the face of mounting competition for funds.It fell off thereafter, however, in the summer of 1959 as ithad four years earlier under similar circumstances of tight-ened credit.

This pattern in the course of building activity relativeto the business cycle reflects not only the dependence ofresidential demand on the availability of mortgage credit

Residential Construction ActivityIn Two Business Swings

Millions

1.6

1.4

1.2

1.0

STARTS

J L

1957-59

i I 1 I I I t

Billion Dollars25

20

15

10

VALUE OF CONSTRUCTION

?953-55

Quarterly Totals, Seasonally Adjusted, at Annual Rates

Data; BLS.BDSA.a CensusBur.

U. S. Department of Commerce, Office of Business Economics 59-11-5


November 1959 SURVEY OF CURRENT BUSINESS 11

Table 1.—Gross National Product or Expenditure, SeasonallyAdjusted Quarterly Totals at Annual Rates, 1957-58, and FirstThree Quarters 1959*

[Billions of dollars]

Table 2.—Gross National Product or Expenditure, SeasonallyAdjusted Quarterly Totals at Annual Rates, in Constant Dollars,1957-58, and First Three Quarters 1959*

[Billions of 1954 dollars]

Gross national product

Personal consumption expendi-tures

Durable goodsNondurable goodsServices _ _ _

Gross private domestic invest-ment

New construction

Residential nonfarmOther-- .

Producers' durable equip-ment

Change in business inven-tories

Nontarm

Net exports of goods and serv-ices (GNP basis)

Exports _Imports

Government purchases of goodsand services

Federal _ _ _ __

N ational defenseOtherLess : G o vernment sales

State and local

1957

442.5

284.8

40.3137.7106.7

66.6

36. 1

17.019.0

28.5

2.0

1.2

4.9

26.221.3

86.2

49.4

44.35.5.4

36.8

1958

441.7

293.0

37.6141.9113.4

54.9

35 8

18 017.7

22.9

—3.8

-4.9

1.2

22.621.3

92.6

52.2

44.58.1.5

40 5

I

431.0

287.3

36 9139.5111.0

52.4

35 5

17 118.4

23.8

—6 9

—8 1

2.0

22.220.2

89.3

50.1

44.06.6.5

39 2

19

II

434.5

290.9

36 7141.5112 7

51.3

34 6

16 917.7

22.6

—5 8

—7 0

1.2

22.321. 1

91.1

51.3

44.37.5.5

39.7

58

III

444.0

294 4

37 1143. 1114 2

54 2

35 4

18 017.4

22 2

—3 4

—4 5

1.6

23.121 5

93.8

53.1

44.58.9.3

40 8

IV

457.1

299.1

39 8143.6115 7

61 3

37 3

19 917.4

23.2

.8

— 1

.2

22.722 5

96.5

54.2

45.39.4.6

42 2

I

470.2

303 9

41 3145.3117 4

69 8

39 7

21 917.8

23 9

6 1

5 4

-.9

21.522 4

97.4

53.8

45.88.3.3

43 6

1959

II

484.5

311.2

44 1147.7119 4

77 5

41 0

23 117.9

26.0

10.4

9.8

-1.8

22.123.9

97.7

53.9

46.28.0.3

43.8

III

478.6

313 3

43 6148.0121 6

67.0

41 0

22 618.3

27.0

— 1.0

—1.8

.0

24.124. 1

98.4

53.6

45.98. 1.4

44.8

*For back data see Table 1-3 in the July 1959 Survey and, for years prior to 1956, in U.S.INCOME AND OUTPUT.

but also the special sensitivity of the latter to changes ingeneral credit conditions.

The contraction in residential building 4 years ago, likethe advance which preceded it, had been largely confined toactivity under Government insurance or guarantee. The riseof 1958-59 was concentrated to a much lesser degree in suchGovernment-backed housing, and the decline last summerwas apparently no more pronounced in FHA and VA thanin conventional starts. Applications for Federal backing,which have generally led the movement of "starts" in thiscategory, have tapered more than seasonally since midyear.The decline is still apparent after allowance is made for thedistortion due to a bulge in FHA applications just beforethe July 1 effective date of that agency's new minimumproperty standards.

Business fixed investment

As in other recent periods, the larger part of the summerincrease in business fixed investment demand was in equip-ment, but a rise was also scheduled in industrial and othernonresidential construction activity.

Total capital outlays are up about one-tenth in real termsfrom their mid-1958 low, though still under the prerecessionpeak by a similar fraction. In current-dollar terms a some-what larger measure of recovery has been achieved, owing tothe advance of prices.

The pattern of change at midyear tended with few ex-ceptions to mirror in reverse that of the 1957-58 downswing,which had centered in manufacturing, mining and railroadsand had a more limited impact on the utilities.


Personal consumption expendi-tures

Durable goodsNondurable goodsServices

Gross private domestic invest-ment

New constructionResidential nonfarmOther

Producers' durable equip-ment _ _ - _

Change in business inven-tories . - _ .

Nonfarm

Net exports of goods and serv-ices (GNP basis)

Government purchases of goodsand services .

Federal _ _State and local

1957

408.3

270 8

38 5132 699 8

58 5

31 915 416.5

24.6

2.01 1

3.8

75.1

42.832 3

1958

399.0

273 3

35 7133.7103 8

47 3

31 516 215.2

19 3

-3.5—4 4

.0

78.4

44. 134 4

I

391.0

268.7

35 2131.3102 2

45 0

31 315.415.9

20.1

-6.4—7.2

.8

76.5

42.833.7

19

II

393.1

271 1

35 0132.7103 4

44 2

30 515.315.1

19.0

-5.3—6. 1

.1

77.7

43.933.8

58

III

400.9

275.0

35 3135.3104.4

46 6

31 216.315.0

18.6

-3.2-4.2

.5

78.9

44.334.6

IV

410.8

278.4

37 5135.6105 3

53 0

32 617.814.8

19.3

1.1.0

-1.4

80.8

45.235 5

I

420.6

282.3

38 8137.3106 2

59 7

34 319.315.0

19.8

5.64.7

-2.7

81.3

44.936.4

1959

II

431.8

288 3

41 2139.7107 4

65 7

35 120 214.9

21.3

9.28.6

-3.5

81.4

45.036 4

III

424.3

288 8

40 6139.4108 8

56 4

34 919 715.2

22.1

-.6— 1 4

-1.9

81.0

44. 136 9

*For back data see Table 1-5 in the July 1959 Survey and, for years prior to 1956, in U.S.INCOME AND OUTPUT.

The course of demand for business plant and equipmentlast summer appears to have been relatively little influencedby the current stringency in financial conditions. For cor-porate business as a whole, internal funds becoming availableduring the quarter were less than last spring but in line withmost other recent quarters; the total of funds needed for thefinancing of fixed capital investment and inventory-buildingdropped as inventories were reduced.

Inventory liquidation in metalsCurtailed by work stoppages, national output fell short of

final purchases in the summer quarter, as business inventorieswere drawn down. This movement was a sharp reversal ofthe spring inventory buildup. Most of the swing occurredin metal and metal-products manufacturing, which was af-

Table 3.—Personal Consumption Expenditures by Major Type,Seasonally Adjusted Quarterly Totals at Annual Rates, 1957-58and First Three Quarters 1959*


Goods and services, total...

Durable goods, totalAutomobiles and parts _ _ _Furniture and household

equipmentOther

Nondurable goods, total _ _Food and beveragesClothing and shoes _Gasoline and oilOther

Services, totalHousing - --Household operationTransportationOther

1957

284.8

40.317.0

17.45.8

137.774.325.410.427.6

106.735.215.88.9

46.8

1958

293.0

37.614.0

17.46.2

141.976.626.110.528.7

113.438.016.99.1

49.4

I

287.3

36.913.5

17.26.1

139.575.825.310.328.1

111.037.016.58.9

48.6

19

II

290.9

36.713.6

17.06.1

141.577.025.710.428.3

112.737.716.89.0

49.2

58

III

294.4

37.113.2

17.66.3

143.176.626.710.729.1

114.238.417.09.1

49.7

IV

299.1

39.815.7

17.86.3

143.677.026.610.729.3

115.739.017.29.2

50.3

I

303.9

41.317.2

17.76.4

145.377.826.711.029.8

117.439,617.39.3

51.1

1959

II

311.2

44.118.8

18.86.4

147.779.027.811.129.8

119.440.317.69.3

52.1

III

313. 3

43.618.2

18.96.5

148.078.827.811. 330.1

121.641.017.89.5

53.4

*For back data see Table II-6 in the July 1959 Survey and, for years prior to 1956, in U.S.INCOME AND OUTPUT.


12 SUKVEY OF CURRENT BUSINESS November 1959

f ected by a protracted strike in copper as well as by the steeltieup.

The net change in industry inventories does not fully re-flect the extent to which the buildup of steel holdings hasbeen reversed, since a given amount of steel passing thoughthe production process accumulates additional value as morework is done on it. Also important in evaluating the currentsituation is the tendency for imbalances to have developed inthe composition and distribution of the existing stock.

The changes in manufacturing sales and inventories arediscussed elsewhere in this issue.

Contributing substantially to the swing in inventories wasthe movement of auto dealers' stocks. Since final demandheld more or less even from the second quarter to the third,distributors' holdings mirrored the course of production. Asomewhat greater than seasonal advance occurred prior tomidyear. This was followed by a decline, as output fell inthe third quarter with the earlier-than-usual changeover tothe new models. In most other lines, moderate inventoryaccumulation continued past midyear.

GOVERNMENT PURCHASESGovernment purchases of goods and services rose slightly

in the summer quarter to an annual rate of $98^ billion.The increase, like those in the first half of the year, reflectedthe movement of State and local spending, which continueda series of quarterly advances that has been uninterruptedfor several years. Due primarily to this expansion, the gov-ernment total has moved up about one-twelfth in physicalvolume since mid-1957. Federal buying declined in realterms during most of 1957 but rose gradually throughout1958, more than canceling the earlier contraction. It hasbeen comparatively stable this year.

The third-quarter increase in State and local purchasescentered in wage and salary payments, both the number ofemployees and average pay rates having increased in linewith recent trends. Highway and other construction, whichhave contributed substantially to the growth of State andlocal expenditures in recent years, were reported not muchchanged from first half rates.

Federal purchases in the summer quarter dipped slightlybelow the $54 billion annual rate that had been approximatelymaintained since before the turn of the year. Farm pricesupport buying, which had been an important factor in therise during 1958, has been declining so far this year on aseasonally adjusted basis. National defense spending hasshown little change in recent quarters, expansion in the mis-sile program offsetting the decline in conventional aircraft.

A modest surplus on Government income and productaccount was recorded for the spring quarter, as the continuedincrease from recession lows in corporate profits tax accrualsand other Federal receipts reversed the previous deficitposition. Due mainly to the impact of the steel strike onearnings for the summer quarter, the annual rate of corporateprofits for the first 9 months of the year has probably fallensomewhat short of the tax base assumed in the annual budgetreview (See page 3 of the October SURVEY) . Results for thefull year will depend on the extent to which the adverseeffects of the strike on earnings extend into the autumnquarter.

NATIONAL INCOME

National income has moved parallel with output. Thespring bulge in labor and property earnings from primarymetals production was wiped out after midyear. In otherareas, expansion of employment and average earnings slowed.

Table 4.—-Government Receipts and Expenditures, SeasonallyAdjusted Quarterly Totals at Annual Rates, 1957-58 and FirstThree Quarters 1959*


Federal Government receipts. - -

Personal tax and nontax re-ceipts

Corporate profits tax accruals -Indirect business tax and non-

tax accrualsContributions for social insur-

ance

Federal Government expendi-tures

Purchases of goods and serv-ices

Transfer payments _ _ _To personsForeign (net)

Grants-in-aid to State andlocal governments

Net interest paid_.Subsidies less current surplus

of government enter prises. ._

Surplus or deficit (— ) onincome and product ac-count -

State and local governmentreceipts -

Personal tax and nontax re-ceipts

Corporate profits tax accruals.Indirect business tax and non-

tax accruals _ _ _ _Contributions for social in-

surance - - -Federal grants-in-aid

State and local governmentexpenditures

Purchases of goods and serv-ices _ -

Transfer payments to persons-Net interest paid ..Less: Current surplus of gov-

ment enterprises

Surplus or deficit (— ) onincome and product ac-count

1957

81.9

37 420.1

12 2

12 2

79 5

49 417 415 91.5

4 15 6

3.0

2 4

38 7

5 41.0

25 9

2.34.1

39 6

36.84.1.6

1.9

-1.0

1958

78.4

36 717.3

11 9

12 5

87 4

52 221 219 91.3

5 45 5

3.1

-9.1

41 9

5 8.9

27.2

2.75.4

43 5

40.54.5.6

2.1

-1.6

I

75.2

36 214.9

11 8

12 3

83 2

50 119 518 31.2

4 85 7

3.1

-8.0

40 3

5 7.7

26 5

2.54.8

42 3

39.24.5.6

2.0

-1.9

19

II

76.1

36 315.7

12 0

12 2

87 0

51 321 620 31.3

5 35 6

3.1

-10.9

41.4

5 8.8

26.9

2.65.3

42.8

39.74.5.6

2.1

-1.4

58

III

79.3

37 117.9

11 7

12 6

89 3

53 122 120 91.2

5 55 5

3.2

-10.1

42.4

5 9.9

27.4

2.75.5

43.8

40.84.5.6

2.1

-1.4

IV

83.0

37 420.8

12 1

12 7

90 8

54 221 920 41.5

6 05. 5

3. 2

-7.8

43.7

6 01.0

27.9

2.86.0

45 4

42.24.6. 7

2.2

-1.7

I

86.5

38 221.6

12 2

14 6

90 5

53 821 419 91.5

6 55.6

3.1

-3.9

45.2

6 21.1

28.5

2.96.5

46.8

43.64.8.7

2.2

-1.6

1959

II

91.3

39 524.4

12 4

14 9

90 9

53 921 520 11.4

6 65 9

3.0

.4

46.4

6 31.2

29.3

3.06.6

46 9

43.84.7.7

2.3

-.5

III

(!)

39 50)

12 7

15.0

91.0

53 621 620 11.5

6 66.2

2.9

(i)

(i)

6 40)

29.7

3.16.6

47.8

44.84.7.7

2.3

(i)

1. Not available.*For back data see Table III-3 in the July 1959 Survey and, for years prior to 1956, in U.S.

INCOME AND OUTPUT.

Profits data are so far fragmentary, but it is apparent thatthe total was adversely influenced by third quarter develop-ments.

The information so far available on corporate profits ismostly confined to a relatively small number of the largestconcerns, with securities listed on national exchanges. Insome periods the experience of these companies has provideda fairly good indication of the overall movement of profitsin their industries; under other conditions, the experienceof the large corporations has proved to be far from typical.If the summer quarter of 1959 is one in which the largecompanies are representative of the whole, it appears thatbefore-tax profits for the third quarter may have declinedto an annual rate not much different from that which wasrecorded at the turn of the year.

The reduction in the total of major-company earnings inthe summer featured large decreases or deficits in the linesmost affected by the strike, and a leveling-off of expansion insome other industries. The latter tendency was fore-shadowed in the opening quarter of this year, when theinitial cyclical upswing of profits slowed markedly. It waslargely overcome in the spring quarter by spurts occurringin a considerable range of industries favorably influenced bypurchasing in anticipation of the steel strike.



Mixed trends of income

The Nation's $260 billion payroll was little changed fromthe second quarter to the third, and the total of supplementsto wages and salaries was similarly stable at close to $20billion. The largest movements reported for the quarter inany industry outside the strike area were increases on the

order of $% billion, at annual rates, in retailing and in Stateand local government.

The net earnings of nonfarm business and professionalproprietors reflected the comparatively stable character ofthe distributive and service lines in which these enterprisesare most common. The total moved up about 1 percent inthe summer quarter, following a gain of more than 2 percent

Table 5.—Foreign Transactions in the National Income Accounts,Seasonally Adjusted Quarterly Totals at Annual Rates, 1957-58and First Three Quarters 1959*


Receipts from abroad

Exports of goods and services. _ .

Payments to abroad

Imports of goods and services. ._Net transfer payments by Gov-

ernmentNet foreign investment _ _

1957

26.2

26.2

26.2

21.3

1.53.5

1958

22.6

22.6

22.6

21.3

1.3-.1

I

22.2

22.2

22.2

20.2

1.2. 7

19

II

22.3

22.3

22.3

21.1

1.3-.1

58

III

23.1

23.1

23.1

21.5

1.2.4

IV

22.7

22.7

22.7

22.5

1.5-1.3

I

21.5

21.5

21.5

22.4

1.5-2.4

1959

II

22.1

22.1

22.1

23.9

1.4-3.2

III

24.1

24.1

24.1

24.1

1 5-1.5

*For back data see Table IV-2 in the July 1959 Survey and, for years prior to 1956, in U.S.INCOME AND OUTPUT.

Table 6.—Personal Income and Its Disposition, Seasonally Ad-justed Quarterly Totals at Annual Rates, 1957-58 and FirstThree Quarters 1959*


Personal income

Wage and salary disburse-ments . .

C ommodity-producing in-dustries

Manufacturing onlyDistributive industriesService industriesGovernment... _ __

Other labor income.. _

Proprietors' incomeBusiness and professional—.Farm

Rental income of persons

DividendsPersonal interest income

Transfer paymentsOld-age and survivors in-

surance benefitsState unemployment insur-

ance benefitsVeterans' benefitsOther

Less: Personal contributionsfor social insurance

Less: Personal tax and nontaxpayments

FederalState and local

Equals: Disposable personal in-come __

Less: Personal consumption ex-penditures

Equals: Personal saving

Addendum: Disposable per-sonal income in constant(1954) dollars

1957

350 6

238 5

102.280.663.432 740.2

9.1

44.532.711.8

11.5

12.519.5

21.7

7.3

1.84.48.3

6.7

42.737.45.4

307.9

284.8

23.1

292.9

1958

359.0

239.4

97.876.763.834.643.2

9.3

46.632.414.2

11.8

12.420.4

26.1

8.5

3.94.69.1

7.0

42.636.75.8

316.5

293.0

23.5

295. 2

I

352.2

234.6

96.375.863.433.741.2

9.3

46.131.614.6

11.7

12.720.2

24.4

7.9

3.14.68.9

6.9

41.936.25.7

310.3

287.3

22.9

290.0

19

II

355.0

235.4

95.874.963.134.342.2

9.3

45 932.013.9

11.8

12.620.3

26.6

8.6

4 24.69.2

6.9

42.136.35.8

312.9

290.9

22.0

291.6

58

III

363.4

242.3

98.276.964.134.945.2

9.3

46.832.614.2

11.9

12.620.5

27.1

8.7

4.84.59.1

7.1

42.937.15.9

320.4

294.4

26.0

299.2

IV

366.3

245.1

100.979.164.535.344.3

9.4

47 433.214.1

11.9

12.020.8

26.8

8.8

4 24.59.3

7.1

43.437.46.0

322.9

299.1

23.7

300.4

I

371.8

250.9

104.282.166.036.044.7

9.7

46.933.713.2

12.0

12.821.3

26.4

9.4

2 94.59.5

8.1

44.438.26.2

327.4

303.9

23.5

304.3

1959

II

381.1

259.4

109.686.467.437.045.4

9.9

46 634.512.1

12.0

13.022.0

26.5

10 2

2 24.59.6

8.3

45.839.56.3

335. 3

311.2

24.1

310.7

III

381 0

259.5

107.685.068.337.646.0

10.1

45.134.810.3

12.0

13.422.7

26.5

10 4

2 04.39.8

8.4

45.939.56.4

335.1

313.3

21.9

308.9

Table 7.—Sources and Uses of Gross Saving, Seasonally AdjustedQuarterly Totals at Annual Rates, 1957-58 and First ThreeQuarters 1959*

f Billions of dollars]

Gross private saving. _

Personal savingUndistributed corporate

profitsCorporate inventory valua-

tion adjustment .Capital consumption allow-

anceExcess of wage accruals over

disbursements

Government surplus on incomeand product transactions

FederalState and local

Gross investment

Gross private domestic in-vestment

Net foreign investment

Statistical discrepancy

1957

68.2

23 1

9 7

—1.5

36.9

.0

1.4

2.4— 1.0

70.1

66.63.5

.5

1958

67.5

23 5

6 5

— . 4

37.9

.0

-10.7

-9.1—1.6

54.8

54.9-.1

-2.1

I

64.2

22 9

3 6

A

37.5

.6

-10.0

-8.0— 1 9

53.1

52.4.7

-1.2

19

II

65.0

22 0

4 5

2

37.6

.6

-12.3

—10.9— 1 4

51.2

51 3-.1

1.5

58

III

69.3

26 0

6 9

— 3

38.0

—1.3

-11.5

—10.11 4

54.6

54 2.4

—3.3

IV

71.9

23 7

10 7

— 1 1

38 5

.0

-9.5

-7.8—1 7

60.0

61 3-1.3

—2 4

I

72.9

23 5

11 1

— 9

39 3

.0

-5.5

-3.9— 1 6

67.4

69 8-2.4

o

1959

II

76.4

24 1

14 0

—1 6

39 9

.0

-.1

.4— 5

74.3

77 5-3.2

—2 0

III

(i)

21 9

(i)

(i)

40 5

o

0)

C1)(1)

65 5

67 0-1.5

(i)

1. Not available.

*For back data see Table V-2 in the July 1959 Survey and, for years prior to 1956, in U.S.INCOME AND OUTPUT.

Table 8.—Relation of Gross National Product, National Income,and Personal Income, Seasonally Adjusted Quarterly Totals atAnnual Rates, 1957-58 and First Three Quarters 1959*



Less: Capital consumption al-lowances

Indirect business tax andnontax liability

Business transfer pay-ments._

Statistical discrepancy

Plus: Subsidies less currentsurplus of governmententerprises

Equals National income _

Less: Corporate profits and in-ventory valuation ad-justment

Contributions for socialinsurance -

Excess of wage accrualsover disbursements

Plus: Government transferpayments to persons

Net interest paid bygovernment

Dividends _ .Business transfer pay-

ments

Equals: Personal income _

1957

442 5

36.9

38.1

1.7.5

1.1

366.5

41.7

14.6

.0

20.0

6 212.5

1.7

350.6

1958

441 7

37.9

39.0

1.7-2.1

1.0

366.2

36.7

15.1

.0

24.4

6 212.4

1.7

359.0

I

431 0

37 5

38 3

1.7-1.2

1.1

355 8

31.5

14.8

.6

22.8

6 212.7

1.7

352.2

19

II

434 5

37.6

38.9

1.7— 1.5

1.1

358 9

33.8

14.8

.6

24.9

6.212.6

1.7

355.0

58

III

444 0

38 0

39 1

1.7-3.3

1.0

369 5

38.0

15.3

-1.3

25.4

6 112.6

1.7

363.4

IV

457 1

38 5

39 9

1.7-2.4

1.0

380.4

43.5

15.5

.0

25.1

6.112.0

1.7

366.3

I

470 2

39 3

40 7

1.7.0

.8

389 4

45.5

17.5

.0

24.7

6 312.8

1.7

371.8

1959

II

484 5

39 9

41.7

1.7-2.0

.7

403 9

51.0

17.9

.0

24.8

6.613.0

1.7

381.1

III

478 6

40 5

42 3

1 70)

.6

(i)

(i)

18.1

.0

24.8

7 013.4

1.7

381.0

*For back data see Table II-2 in the July 1959 Survey and, for years prior to 1956, in U.S.INCOME AND OUTPUT.

1 Not available.*For back data see Table 1-18 in the July 1959 Survey and, for years prior to 1956, in U.S.

INCOME AND OUTPUT.



Elements in Upswing ofTotal Factory Wages*

From 2nd Qtr. of 1958to yearend—increases inemployment, hourly earnings,and hours were aboutequally important

This year—employment gainshave been of increasedimportance

^Production worker payrolls in manufacturing. Strike-affectedprimary metals group is excluded.

U. S. Department of Commerce, Office of Business Economics 5

in the spring. Farm operators' income dropped again, morethan offsetting the noiifarm gain for the quarter. Interestincome of individuals continued its uptrend, and net rentswere not significantly changed.

Private payrollsPrivate payrolls were off $1/2 billion from the second to

the third quarter of 1959. The drop in primary metalsmanufacturing and in the transportation and mining divi-sions, which were also immediately affected by the steeltieup, amounted to $3 billion at an annual rate. The bulkof this decline was offset by the continuation of uptrends inmost other industries. Gains in trade, services, and somehard-goods manufacturing lines, including machinery, ac-counted for the larger part of these latter increases.

The $2i/£-billion advance in private payrolls outsideprimary metals, mining, and transportation industries com-pared with annual rate gains of $7 billion in the springquarter and $4% billion last winter. The lessened pace ofexpansion since midyear has been widespread. As indicatedbelow, it is traceable to a slowing rise in manhours workedand, to a lesser extent, in hourly earnings.

Factors in payroll strength

In the earlier part of the current cyclical advance, thelargest single element in the increase of payrolls was thecontinuing uptrend in average hourly earnings. The recov-ery in employment played a substantial part, however, andtogether with some lengthening of the workweek accountedfor around half the rise in total wage and salary payments.For hard-goods manufacturing it was the principal factor.

In the first half of 1959 expansion of manhours becamerelatively more important, reflecting mainly a vigorous re-covery of employment. ^ In most nondurable^ manufacturinglines and in all the major durables, increased payments re-flected sharper percentage gains in manhours than in hourlyearnings. (See chart.) Available data indicate a similarexperience in trade and contract construction.

After midyear payroll increases slowed in most durableand nondurable manufacturing lines as wrell as in contractconstruction, the utilities, trade, and service. As a rule thisstemmed primarily from a tapering of the rise in manhours,as employment expansion lessened and the average length ofthe workweek declined on a seasonally adjusted basis for thefirst time in any quarter since early 1958. The tendency toshorter hours extended throughout manufacturing, with onlyscattered exceptions, and appeared in a number of otherindustry divisions as well. Average hourly earnings con-tinued their advance, though generally at a reduced pace.


Defense Expenditures Abroad-

Major Item in the Balance of International Payments

'EFENSE expenditures abroad for goods and services bythe United States—an important item in our balance ofinternational payments—reached a peak of over $3.4 billionin calendar year 1958 and have since declined. Disburse-ments during the first half of 1959 indicate that the total forthis year may be off to $3.1 billion. These amounts do notcover the total costs of our foreign military operations,but only that portion of expenditures received by foreigncountries.

For the past several years defense purchases abroad havecomprised a sixth of all U.S. purchases of goods and servicesfrom foreign countries, and have been exceeded only byprivate merchandise imports as a source of foreign dollarearnings.

I )efense expenditures have been an important factor in theextent to which Japan and certain countries in WesternEurope have added to their gold and dollar reserves. Thesecountries accounted for- most of the $4.3 billion rise in foreigngold and liquid dollar assets in 1958, of which about $3.4billion was obtained through transactions with the UnitedStates.

Five countries received about two-thirds of the funds spentabroad by the Defense agencies in 1958. German receiptsrose by about $200 million to more than $650 million in1958—almost one-fifth of total U.S. defense expenditures.Outlays in Canada were up by $160 million bringing thetotal for that country to almost $450 million. Japaneseearnings of over $400 million ranked third despite the down-ward trend of U.S. defense expenditures there. Outlays inFrance and the United Kingdom were also lower in 1958but were still substantial, amounting to about $360 millionin each country.

Defense expenditures since 1945Defense expenditures overseas were about $600 million a

year during the 5-year postwar period prior to the outbreakof the Korean conflict and the buildup of the North AtlanticTre a ty O rgan i z at ion.

Sharply rising expenditures in the Far East brought totaloutlays abroad to $1.3 billion in 1951. During the next 3years, the increase took place primarily in Western Europewhere disbursements went up almost $400 million a year toreach nearly $1.5 billion iu 1954. During 1955 the increasewas about $200 million in Europe and after that year it slowedto an average of about $70 million bringing the 1958 areatotal to almost $1.9 billion.

Many factors contributed to the expansion in militaryoutlays abroad. As activities under some programs and insome countries began to decline, they were replaced by othertransactions elsewhere. As a result, the procurement ofgoods has represented about 40 percent of the higher total

expenditures in each year since 1953 despite decided shifts bycountry.

In 1955, offshore procurement of military equipment tobe transferred to our allies under the military assistanceprogram represented about half of all such purchases, incontrast to 1958 when it declined to only a seventh. Thismeans that increases during the last 3 years in outlays fordefense-type materials and supplies for U.S. Government usehave more than compensated for the decline in materials andsupplies bought for transfer as foreign aid.

Expenditures abroad by the military agencies for pur-chases of supplies for their own use consist in large part ofjet fuel, motor gasoline, and other petroleum products; fresh

Table 1.—Defense Expenditures Abroad for Goods and Servicesby Major Category 1 January 1953 through June 1959

[Millions of dollars]

Total

Expenditures by troops, civilianpersonnel, post exchanges, etc

Foreign expenditures for construc-tion __ __ . _

Contributions to the NATO multi-lateral construction program (in-frastructure) . .

Other expenditures for services

Offshore procurement under mili-tary assistance programs 2

Purchases of equipment

Purchases of other materials andsupplies

1953

2,535

820

323

91

444

326

71

460

1954

2,603

797

278

69

381

595

70

413

1955

2 823

812

313

84

411

640

36

527

1956

2 955

845

370

68

481

515

40

636

1957

3,165

845

372

65

630

372

54

827

1958

3,416

877

314

81

773

212

49

1, 110

January-June 1959

v 1, 622

"462

v 116

22

P410

96

?20

* 496

p Preliminary.1. Excludes cash grants under special military programs, such as programs originally

defined as direct forces support and administered by the International Cooperation Ad-ministration.

2. Includes military assistance programs for offshore procurement, including Lisbon off-shore procurement; the weapons production program; and the mutual weapons developmentprogram.

Source: U.S. Department of Commerce, Office of Business Economics, from informationmade available by operating agencies.

fruit and vegetables for the troops or for sale in commis-saries; and other general supplies. Purchases abroad ofmajor equipment for use on our foreign bases are relativelyminor. Expenditures for supplies and equipment includepurchases from foreign branches or subsidiaries of U.S.corporations as well as from foreign corporations.

Expenditures for both goods and services are shown intable 2 and table 3 under the countries which received theproceeds of sales to the U.S. Government, rather than wherethey were actually used. They do not represent the amount

15Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis


spent in any one country for operations in that country, butrather the amount expended for items which may be usedthere or transferred to other areas.

Disbursements for services have shifted by country, butthe totals for particular purposes have shown less changefrom year to year. These include the personal outlays oftroops and civilian employees and their dependents locatedin foreign areas, which comprised about a fourth of allmilitary disbursements in 1957 and 1958. Foreign earningsfrom the construction of installations represented about atenth of the total for the 2 years. Other outlays for servicesinclude expenses incurred abroad for the operation and main-tenance of facilities, and disbursements for travel, trans-portation, communication, repair, utilities, labor, and othercontractual services. Such expenditures increased steadilyafter 1955 and by 1958 they were almost a fourth of militaryoverseas payments.

With the decline of disbursements abroad to equip Alliedforces under grant programs, military transactions in thefuture will tend to reflect more closely the deployment ofour forces abroad. When all items not directly related tothe support of our overseas forces are excluded from pasttransactions, outlays for our military establishment in 1954and 1955 were somewhat lower than in 1953, but increasedthereafter by about $200 million each year.

Not all expenditures are in dollars

Disbursements by the military agencies do not alwaysprovide dollar income to foreign countries, since sizablepayments are made in foreign currencies originally acquiredby the Government through the sale of agricultural products,excess property, and other goods and services; or received ascounterpart funds under grant programs and as paymentson loans and other credits. For the most part, the militarydepartments purchase these local currencies from the U.S.Treasury with appropriated dollars.

Expenditures of such local currencies amounted to $174million in 1958, and in the prior year were over $200 million.These expenditures are included in the total defense outlaysdiscussed above.

Troop outlays increase

As shown in table 1, a half or more of the foreign outlaysof the Armed Forces for services has consisted of out-of-pocket disbursements of U.S. personnel and their dependents,direct payments to foreign personnel, and the foreign outlaysof the post exchanges, clubs, etc. which service authorizedpersonnel.

The increase shown in this "net pay" category stems pri-marily from the military and civilian pay raises of 1955 and1958, and the greater number of dependents of U.S. service-men overseas.

Sales of goods and services abroad by the post exchangesand similar agencies to our personnel amounted to approxi-mately $590 million in 1958. Foreign purchases of goods andservices included in these sales totaled about $325 million.

Foreign earnings from troop spending vary widely fromcountry to country, depending upon the deployment of troopsand the facilities readily available for utilization by theirdependents. They depend also upon the ability of eachcountry to meet the requirements of U.S. personnel or toattract purchases by the post exchanges. In some less de-veloped countries where the domestic market can fulfill onlya small share of the demand, most of the purchases by mili-tary personnel are made in the post exchanges and otherestablishments operating within the military economy. Incertain areas, such as Hong Kong, earnings from the ex-

penditures of military personnel in a leave or travel statusare an important element of the balance of payments, al-though few or no troops are stationed there.

At times when the United States is involved in interna-tional emergencies, expenditures may shift considerablyamong countries. For instance, because of the Lebanon crisisin the fall of 1958, that country earned several million dol-lars, primarily in the form of sales to U.S. military personnelwithin the few months they were deployed there. Con-versely, during the same period, the earnings of Hong Kongfell somewhat when ]eaves were canceled because of theTaiwan Straits crisis.

Construction programs taper off

In Morocco, Spain, and several other countries many ofthe major programs for constructing overseas military instal-lations have been virtually completed. Foreign outlays forconstruction of $314 million in 1958 were $58 million lowerthan in 1957. Preliminary data for the first half of 1959indicate that similar transactions at an annual rate were $80million lower than in the prior year. These data are com-prised principally of payments to foreign contractors, for-eign outlays by U.S. firms under contract with the Depart-ment of Defense, and direct purchases of foreign goods andservices to be used by the military agencies in constructionprograms. They do not include the cost of the equipmentand supplies shipped from the United States.

Table 2.—Defense Expenditures Abroad for Goods and Servicesby Major Country 1 January 1953 through June 1959


Total

Western EuropeAustria.. .. _ .Belgium-Luxembourg _Denmark. „ _ .. . .FranceGermany _. ..

GreeceIceland ._ _ .Italv-TriesteNetherlands _ _. _ _Norway _

PortugalSpainSwitzerland . . _TurkeyUnited Kingdom- _ ... .

YugoslaviaOther countries . -

Canada

Latin American republics

A 11 other countries . -\zoresBahrein _ _Bermuda . _JapanKorea ... ...

LibyaMoroccoNetherlands Antilles .. ...PakistanPhilippines . _

Rvukvu Islands ..Saudi ArabiaTaiwanOther countries - _ . -

1953

2,535

1 171274620

408239

315

103378

21

3910

210

12

192

27

1,1456

299

77262

185533

42

51288

232

1954

2 603

1 455263322

519227

1518

1743415

459

17329

53

194

24

9308

287

57444

94829

40

47359

252

1955

2 823

1 6472461

231566280

2314

1623220

5211229

362

41

217

21

9387

269

50162

847551

50

55381564

1956

2,955

1 7024

45238447345

3115

1513915

10571043

435

125

259

29

9659

2513

49037

84360

452

614913

101

1957

3,165

1 8094

30234396458

2010

1634214

9879

36488

45

288

37

1,0316

4612

45558

948781359

684013

120

1958

3,416

1 8525

55240367656

1513

1183917

8921542

360

37

448

49

1,067114914

41488

1138971856

614315

152

January-June 1959

v 1, 622

P911nanananana

nanananana

nanananana

nana

P211

P19

*>481nanananana

nanananana

nananana

na Not available. p Preliminary.1. Excludes cash grants under special military programs, such as programs originally

denned as direct forces support and administered by the International Cooperation Ad-ministration.

2. Includes Greenland.Source: U.S. Department of Commerce, Office of Business Economics, from information

made available by operating agencies.



Construction expenditures are generally paid in dollarsmade available from the regular military construction ap-propriations. However, family housing and related com-munity facilities acquired abroad are purchased principallywith local currency proceeds of Department of Agriculturesales of Commodity Credit Corporation surplus commodi-ties. The transactions shown also reflect construction prog-ress under a nearly completed $50 million barter program toprovide housing for families of military personnel stationedin France. This project is being financed through an ex-change of surplus wheat and other goods for housing. Underthese arrangements the Commodity Credit Corporation isbeing reimbursed by the Department of Defense over a pe-riod of years through withholding of payment of quartersallowances.

The foreign expenses of the major Air Force and Navalbases nowT virtually completed in Spain have been paid forprimarily in pesetas furnished by the Government of Spainas counterpart under the U.S. Government Spanish aidprogram or acquired through the sales of surplus cottonauthorized by the Mutual Security Act of 1951, as amended.

Construction in Canada, as a part of Hemispheric defense,has been jointly financed by the United States and CanadianGovernments. Canadian earnings as a result of U.S. defenseoutlays for construction have been lower since the completionof the Distant Early Warning radar line in the summer of1957.

Contributions by the United States to the multilateral con-struction program of the North Atlantic Treaty Organiza-tion have shown relatively little fluctuation from year toyear. By the end of June 1959 the cumulative cost to theUnited States for these installations developed for the com-mon use of the allied forces was about half a billion dollars.

Germany and Japan contribute less

Expenditures for goods and services necessary to operateand maintain our bases abroad have increased during the lastfew years as new facilities have been completed and placedinto use. However, much of the upturn in 1958 was thedirect result of the discontinuance of German contributionsto the United States under the "Allied support payments"agreement.

During the period from April 1, 1952 through May 5,1955, the Federal Republic of Germany contributed theequivalent of $762 million annually to the United States($748 million to our forces and $14 million to the AlliedHigh Commissioner) without charge. In the following 2years the amounts were reduced to $350 million and $155million respectively. The agreement in June of 1957 pro-vided for a contribution of $77 million. This contributionconcluded payments to be made by the Federal Republic ofGermany under occupation and support costs arrangements.

German earnings from the expenditures of our militaryforces thus increased each year after 1955 until they reachedmore than $650 million in 1958.

The support of our forces in Japan has also become rela-tively more costly to the U.S. Government as the amount ofyen furnished by the Government of Japan for the support ofU.S. security forces declines. These funds have been madeavailable to the U.S. Government by agreement withoutcharge since April 1952 when they replaced about half ofthe value of goods and services furnished by the Japaneseunder occupation-charge procedures during a base periodpreceding the agreement.

Under the provisions of agreements, yen contributions,which amounted to the equivalent of $155 million in the 12months ended in April 1953, were nearly as high in thefollowing year, but have declined steadily since then. In

529257°—59 3

the year ended in April 1959 they amounted to less than $52million.

Defense spending in Japan reached a peak of three quar-ters of a billion dollars in 1953, the highest annual amountever spent in a single country. In 1954, U.S. defense outlaysthere fell by $200 million, but since that year, partly as aresult of the reduction in yen contributed by Japan, the de-cline has been more gradual.

Table 3.—Offshore Procurement Under the Military AssistanceProgram by Major Country *


Total

Belgium-LuxembourgCanadaDenmark

FranceGermany _ _ _Greece

ItalyJapan _Korea

NetherlandsNorwayPortugal

SpainTaiwan... ._ _.Turkey

United TCingdnmYugoslaviaOther countries

1950-52

92

2

6621

1

1(*)

19

1953

326

9

1

1654

6112

113

(*)

3

57

1954

595

13

3

2822

10

12725

941

(*)41

10842

1955

640

33

7

3294

13

9131

653

464

10121

1956

515

18104

1606

18

77404

1155

2(*)

6

13892

1957

372

8191

6853

76121

745

622

14931

1958

212

21141

273

(*)

21281

864

1021

64(*)

1

January-June 1959

%

2(*)

121

826

(*)

23

71

(*)

34

(*)

Total

2,848

1064317

1,1092745

462174

6

553018

291814

67018

7

*Less than $500,000.1. Includes military assistance programs for offshore procurement, including Lisbon offshore

procurement; the weapons production program; and the mutual weapons developmentprogram.

Source: U.S. Department of Defense.

Offshore procurement for aid declines

By the end of June 1959 over $2.8 billion had been spent inforeign countries under the military assistance offshore pro-curement program, the weapons production program, andthe mutual weapons development program. Most of theseoutlays were for purchases of military equipment to be re-transferred as grant aid to the producing countries or toother nations participating in the military assistance pro-gram. Disbursements of $212 million in 1958 were about athird of those taking place in 1955. In the first half of 1959they declined further to an annual rate of about $190 million.At the end of June 1959 the unexpended balance of contractsamounted to less than $290 million.

Aside from assisting our allies to develop their militaryproductive capacity, these expenditures, primarily in theform of dollars, aided the economy of many countries duringcritical periods. France, the principal recipient, receivedover $1,100 million between the start of the program in 1952and June 1959, the United Kingdom $670 million, and Italyover $460 million. Purchases in Europe comprised over 90percent of the total expended, with Japan the only othermajor recipient, The data shown in table 3 do not reflecttotal spending abroad as a result of the military assistanceprograms since they exclude expenses for services, such astraining and repair, and for goods originally purchased bythe military agencies for their own use and later transferredas foreign aid. These expenditures are included in othercategories.

(Continued on page 23)


by Jeannette Fitzwilliams^.

Employment in Corporate andNoncorporate Production

jL\.BOUT 30 million full-time equivalent workers are em-ployed by corporations, or somewhat under one-half of thetotal number of persons engaged in production. Proprietor-ships and partnerships provide work for another 21 millionpersons, who are about equally divided between employeesand self-employed (businessmen, farmers, or professionalpersons). An additional 10 million workers are employeesof governments—Federal, State, and local—and the other4 million persons engaged in production are working inhouseholds, or nonprofit institutions.

These key figures on the current structure of U.S. employ-ment are based upon a newly developed classification bylegal form of organization, of the employment statistics thathave been issued annually as part of the national income andproduct accounts. The breakdowns of employment matchand make more meaningful the comparable series on wagesand salaries and other major types of national income by

Persons Engaged in Production, 1929 and 1957Million

20 40 60

TOTAL

NonfarmCorporations

NonfarmProprietorships& Partnerships

Government

Farms

NonprofitInstitutions

Households

J_


18

59-11 -12

legal form of organization, published annually as an integralpart of the national income series.

To develop the new statistics, OBE's annual data on the"number of persons engaged in production" have been allo-cated among seven legal forms of organization, as distin-guished in table 1. These include three groupings of privatebusiness enterprises, namely, corporations, sole proprietor-ships and partnerships, and other private business (e.g., co-operatives and mutual insurance companies) ; two majorgroupings related to government activities, government en-terprises (covering the essentially commercial enterprises ofthe government, such as the Post Office), and general govern-ment (including all other activities of Federal, State, andlocal governments); and two subsidiary legal forms of organ-ization, private households and nonprofit organizationsfurnishing services to individuals, and the very small grouphired by international organizations and other foreignemployers.

The legal-form breakdowns presented in this article werederived for benchmark years for private employees byapplying distributions for each industry developed largelyfrom economic censuses. For intercensal years, for whichcomparable breakdowns were not available, estimates weregenerally based on interpolation between Census data as setforth in the Technical Note at the end of this article.

Because of the absence of comprehensive annual data, thelegal-form breakdowns of private business employmentshould not be taken as precise measures of year-to-yearchanges in labor force structure. However, errors of meas-urement are probably not very large in view of the generalstability in the legal form distributions derived from succes-sive Censuses. Particularly for long-run analysis, the newseries is believed to reflect reasonably wêll the pattern ofshifts.

Long-run changesA comparison of 1929 with 1957—both years of high

cyclical activity—serves to reveal several major long-runchanges that have taken place in the distribution of employ-ment. Over this period, the total number of employed andself-employed persons increased from 46 million to 67 million.In table 1 attention is focused on the percentage distributionof the total number of workers engaged in production, in-cluding both self-employed "active proprietors" and full-time equivalent wage and salary employees.

In the first place, there was a sharp fall in the proportionof workers attached to proprietorships and partnerships.This group accounted for more than two-fifths of all workersin 1929 and for only three-tenths in 1957. The decrease isalmost entirely a reflection of the declining importance ofagriculture during the past few decades. Both self-employedfarmers and agricultural wage workers have diminished in


November 1959 SUEVEY OF CUKKENT BUSINESS 19

number at the same time that the nonfarm labor force hasgrown very considerably.

Secondly, there was a substantial rise in the relative im-portance of government employment. Government workersincreased from 7 percent of the total work force in 1929to 15 percent in 1957. This growth occurred in the military,and in State, local and Federal civilian personnel.

Thirdly, the percentage working in households and non-profit institutions declined from 7 to 5^ percent, owing tothe decrease in domestic servants of private households. Thiswas offset in part by a rate of growth in institutional employ-ment second only to that of government.

These long-term developments in agriculture, government,and private households have been discussed at some lengthin U.S. Income and Output and in the 1954 National Incomesupplement.1 For many purposes it is useful to abstract fromshifts in these areas and to focus on the nonfarm ordinarybusiness portion of the economy. This is denned to includecorporations, proprietorships, and partnerships organized forprofit, exclusive of farms.

Table 1.—Number of Persons Engaged in Production, by LegalForm of Organization, 1929 and 1957

Total

Corporate businessSole proprietorships and partnershipsOther private businessGovernment enterprisesGeneral governmentHouseholds and institutionsRest of the world

Nonfarin ordinary business

Corporate businessSole proprietorships and partnerships

Number (in thou-sands)

1929

46,216

20, 30319,100

407409

2,7753,222

0

30,434

19, 92910, 505

1957

66, 618

31, 34620, 852

797864

9,0543,701

4

47, 040

31, 15615, 884

Percent distribu-tion

1929

100.0

43.941.3

.9

.96.07.0

0

100.0

65.534.5

1957

100.0

47.031.31.21.3

13.65.6

0

100.0

66.233.8


Elimination of agricultural and government workersserves to raise the relative share of corporations. For ex-ample, corporate employment, which currently accounts forless than one-half of all workers, represents two-thirds ofthe more restricted group of persons engaged in nonfarmordinary business.

Corporate employment a stable fraction

The long-term pattern of the distribution of employmentas between corporations on the one hand and proprietorshipsand partnerships on the other, appears quite different whenattention is focused on nonfarm ordinary business insteadof the economy as a whole. In place of a rise in the corporateshare of employment and a marked fall for proprietorshipsand partnerships, a very stable distribution pattern emerges.

The percent of persons engaged in nonfarm ordinary busi-ness who wrere working for corporations remained in therange between 63 and 66 percent in almost every year of theperiod 1929-57. Over the long-run there was a very slightincrease in the corporate fraction. It is to be noted againthat these figures should not be taken as absolutely precise.As explained in the technical notes, changes in the proportionsof corporate and noncorporate business within individual

industries prior to 1939 could not be taken fully into accountbecause of lack of data, and comprehensive information forthe period since 1954 has not yet become available. Accord-ingly, the long-run comparisons which are made furtherbelow, even though stated in terms of the years 1929 and 1957,should be interpreted more broadly as bringing out changesin the recent situation as compared with the one typical of thebasic industrial and legal form structure of the economy inthe decade before World War II.

The corporate share of employment has been sensitive tocyclical influences, declining somewhat in each period ofbusiness downturn. (See accompanying chart.) This isbecause corporations are highly concentrated in manufactur-ing and transportation which are more sensitive cyclicallythan the industries in which sole proprietorships and partner-ships predominate. The sharpest cyclical fall occurred inthe depression of the early 1930's, when the corporate fractionwas down as low as 61 percent. Decreases appeared also inthe recession years of 1938,1949,1954, and 1958. Due to limi-tations in the data, the cyclical movements that are measuredmirror in general only cyclical changes in the industrialstructure of employment and do not take into account possi-ble cyclical differences in the movement of the number ofcorporate and noncorporate employees within industries.

During World War II there was also a sharp fall in thecorporate share of employment. This was reversed in thepostwar years as corporations that had shifted to the partner-ship form of organization because of the tax advantages tobe gained, became corporations once the corporate excessprofits tax was removed. In the early years of the war upthrough 1943, the shift away from corporations was morethan offset in the all-industry figures by the striking increase

1. These publications may be purchased at a cost of $1.50 each from theSuperintendent of Documents, U.S. Government Printing Office, Washington25, D.C., and from the Field Offices of the U.S. Department of Commerce.

Persons Engaged in Nonfarm ProductionMillions50

40

30

20

10

Percent

70

60

Corporations as Percent of Total

1930 35 40 45 50 55 60

U. S. Department of Commerce, Office "of Businesi Economics 59-11*13



that took place in manufacturing employment where thecorporate form of organization predominates. The shiftback to corporations that began in 1946 was similarly maskedat first by a decrease in manufacturing employment duringthe reconversion.

Table 2.—Average Annual Earnings Per Ftill-Time NonfarmEmployee, Selected Years, 1929-58

19291948..

1953...1957

1958

Corporatebusiness

$1 6643,166

4,1054,824

4 980

Sole pro-prietorshipsand partner-

ships

$1 2852,402

3,0003,474

3 583

Ratio:Corporate to

sole pro-prietorshipsand partner-

ships

1 291.32

1.371.39

1 39


It is of interest to determine whether the long-run stabilityin the corporate share of ordinary nonf arm business employ-ment was due to genuine stability in the corporate-noncorpo-rate employment rations holding within industries, orwhether changes in these ratios did occur but were offset bychanges in industry mix—that is, by shifts in the distribu-tion of employment among industries characterized by dif-ferent corporate-noncorporate employment ratios.

The relative importance of the two factors can be approxi-mately measured by comparing the actual overall corporate-

Share of Employee CompensationIn Income Originating, 1929-57

Percent60

40

100

Nonfarm Proprietorships

and Partnerships

80

60

Nonfarm Corporations

1930 35 40 45 50• * •55 60

* 1st half 1959


noncorporate employment ratios in 1929 and 1957 with thehypothetical ratios that would have obtained if (a) theproportion of corporate to noncorporate employment in eachindustry, or (b) the distribution of employment among ir-dustries, had remained unchanged as between the 2 terminalyears.

Results obtained by applying this technique to the employ-ment data for nonf arm ordinary business indicate thatneither of the two types of shift was very large, and that theyoperated in opposite directions.

Shifts in the legal-form distribution of employment withinindustries served to increase the all-industry corporate frac-tion by somewhat over 2 percentage points, while shifts inindustrial composition operated to reduce the fraction by justunder 2 percentage points.

The ratio of corporate to noncorporate employment tendedto increase in the majority of industries over this period. Bycontrast, the effect of changes in the industrial pattern ofemployment upon the overall corporate-noncorporate ratiovaried from industry to industry.

The decrease in the relative importance of the predom-inantly corporate railroad industry, for instance, was a majorfactor in dampening the rise of the all-industry corporatepercentage. The rapid growth of employment in retailtrade and contract construction had a similar effect; in spiteof the increase in the corporate share within these industries,the noncorporate rather than the corporate form of organiza-tion continues to predominate in them. (It should be noted,however, that in retail trade and construction the effect ofincreases in the corporate share more than offset the dampen-ing effect of industry-mix upon the all-industry corporateemployment fraction.)

Manufacturing provides an important instance in whichindustry shifts contributed to the increase in the overallcorporate employment share. Employment in this industry,which is predominantly corporate, has increased faster thanin nonfarm ordinary business as a whole.

Average annual earnings

Throughout the past three decades, average earnings offull-time employees were substantially higher in corporationsthan in proprietorships and partnerships. As table 2 indi-cates, the gap appears to have widened over this period; fornonfarm ordinary business as a whole, average corporateearnings exceeded the noncorporate average by approxi-mately 30 percent in 1929 and by about 40 percent in 1957.

Average earnings in corporations and in noncorporatebusiness are derived by dividing the new breakdowns of full-time equivalent employees into the annual wage and salaryseries for the two legal forms of organization.

The generally higher average payroll per employee incorporate enterprises reflects in part the inclusion of rela-tively high-paid executives in the corporate data. In pro-prietorships and partnerships, in contrast, the remunerationof the entrepreneur who performs some of the same executivefunctions is not included under wages and salaries but ap-pears as net business income. This income of the self-em-ployed (which also includes a return on their capital invest-ment) is substantially higher than the average pay ofnoncorporate emplo3rees.

The overall spread between employee earnings in corporateand noncorporate enterprises also stems in part from differ-ences in the industrial distribution of the two types of enter-prise. On the average, corporate employment is relativelymore concentrated in industries in which wages and salariesare comparatively high than is noncorporate employment.Thus, in 1957 the spread in average earnings of employeesDigitized for FRASER

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

November 1959 SUKVEY OF CURRENT BUSINESS 21

between corporate and noncorporate enterprises, whichamounted to $1,300, would have been reduced by about $300if the same industrial distribution for both types of enter-prise had prevailed.

Most of the spread, however, traces back to differenceswithin individual industries. Average payrolls per em-ployee were generally higher in corporate than in noncorpo-rate enterprises for all major industry divisions. The gapappears also for practically all more detailed industrygroupings covered in recent industrial censuses.

Intra-industry corporate-noncorporate differentials in av-erage payrolls reflect such factors as the larger number ofemployees in corporate establishments and the consequentlygreater need for higher paid supervisory personnel. Corpo-rate firms also are relatively more numerous in large citieswhere average earnings are higher than in smaller cities andtowns.

Table 3.—Percent Distribution of National Income Originating inNonfarm Corporations and Sole Proprietorships and Partner-ships, by Major Type of Income, 1929 and 1947-57

1929

194719481949

19501951 ._ _195219531954

195519561957

Corporate business

Total

100.0

100.0100.0100.0

100.0100.0100.0100.0100.0

100.0100.0100.0

Compen-sation of

employees

74.6

77.674.876.0

73.773.976.778.479.9

77.279.280.1

Corporateprofits i andnet interest

25.4

22.425.224.0

26.326.123.321.620.1

22.820.819.9

Sole proprietorships and partnerships

Total

100.0

100.0100.0100.0

100.0100.0100.0100.0100.0

100.0100.0100.0

Compen-sation of

employees

46.5

49.948.848.6

49.049.550.151.150.8

49.850.450.7

Proprietors'income l andnet interest

53.5

50.151.251.4

51.050.549.948.949.2

50.249.649.3

1. Includes inventory valuation adjustment.


The increase from 1929 to 1957 in the overall spread be-tween average employee earnings in corporate and noncor-porate firms that is summarized in table 2 can be traced inlarge degree to manufacturing. This rise in the manufac-turing differential was due both to a widening of the spreadin many industries and to a faster growth of the industriesin which the spread was relatively wide. In most industriesoutside manufacturing the spread between corporate andnoncorporate average payrolls narrowed over the threedecades.

Recent developments in fringe benefits have tended toreinforce the pattern of corporate-noncorporate wage-salarydifferentials reviewed in this section.

Pattern of income distributionThe preceding discussion has been in terms of the distri-

bution of employment between corporate and noncorporateenterprises within the nonf arm ordinary business sector. Thebasic data can be rearranged to indicate how the nationalincome originating within these two typesi of enterpriseis distributed among major types of income, and the extentto which the distributions have changed over past decades.

The relative importance of employee compensation in theincome total has not been uniform over the 30-year spancovered. (See table 3.) For corporations, the share ofemployee compensation has increased during the postwarperiod, particularly from the 1950-51 lows. This develop-ment has been discussed in various OBE publications in

terms of the converse movements in corporate profits. Owingto the operation of special and cyclical factors in this period,it is not possible at this time to assess in conclusive termsthe trend significance of these postwar changes in incomeshares.

In nonfarm proprietorships and partnerships compensa-tion of employees accounted for 46^ percent of total incomeoriginating in 1929, as compared with a somewhat higher,and moderately rising ratio during the 1947-58 period.

The increase in overall employee share from 1929 to 1957has been examined to determine the extent to which it reflectschanges in the distribution of income types within industries,as against changes in industry-mix. The statistical procedurewas similar to that described above for the comparableanalysis of the factors underlying shifts in employment.

This examination indicates that the significant changesunderlying the overall rise of 4 percentage points in employeeshare between 1929 and 1957 were increases within industriesin the relative importance of employee compensation in theincome total. The effect of this factor taken alone wouldhave been to raise the overall employee share by more than 5percentage points between 1929 and 1957. Changes in theindustry mix operated to reduce the share by about 1 percent-age point.

The increase in the employee compensation fraction of thenoncorporate income total between 1929 and 1957 stemmedmainly from a larger increase in the number of employeesthan in the self employed. This tendency held for most ofthe industries important in the noncorporate area. In termsof the all-industry total, full-time equivalent employees ofnonfarm proprietorships and partnerships increased about60 percent over the period as compared with about 40 percentfor active proprietors.

Very little of the rise in employee share was due to a morerapid increase in average earnings of employees than inaverage business and professional income of the self-em-ployed. The ratio of average compensation per employee toaverage business and professional income per active pro-prietor was only slightly higher in 1957 than in 1929.

Methods of computation

The employment series presented in this report were ob-tained by adding estimates of the number of self-employed,implicit in table VI-16 of U.S. Income and Output and table28 of the 195J^, National Income supplement, and new break-downs of the number of employees by legal form of organiza-tion, whose derivation is described below. To insure internalconsistency, national aggregates of employees were allocatedamong the various legal forms of organization by the sameprocedures as wages and salaries. Three basic methods wereused:

1. Distinctive legal-form. In somB instances, e.g., privatehouseholds, general government, and government enterprises,an entire industry is located in a single legal form of organi-zation. In other cases, annual data are available in con-siderable detail, and all of a given industrial subgroupingis located within a single legal form. This is true, for ex-ample, of stock exchanges and chambers of commerce (clas-sified as "other private business") and religious organiza-tions and the Ked Cross (classified as "institutions").

2. Census-based method. The economic censuses (mining,construction, manufacturing, trade, and selected services)show the following legal-form breakdowns: individuals,partners, corporations, cooperatives, and "other." Thelatter consists largely of businesses run by executors, admin-istrators and receivers. Individuals, partners and "other"were combined to give sole proprietorships and partnerships;


22 SURVEY OF CUERENT BUSINESS November 1959

[In thousands]Table 4.—Persons Engaged in Production,

Persons engaged in production, total lFull-time equivalent employeesActive proprietors 2

Corporate businsss _ _Sole proprietorship and partnerships

Full-time equivalent employees _ _ -Active proprietors

Other private businessGovernment enterprisesGeneral governmentHouseholds and institutionsRest of the world _ _ _

Nonfarm ordinary business, totalCorporate businessSole proprietorships and partnerships

Full-time equivalent employeesActive proprietors

1929

46,21635, 89610, 320

20, 30319, 1008,780

10, 320

407409

2,7753,222

0

30, 43419, 92910 5055,7514,754

1930

44, 08033 76910, 311

18, 73318, 5418,230

10,311

408416

2,9023,080

0

28, 51818, 38210 1365,3914,745

1931

41, 04230 69010, 352

16, 44517, 9657,613

10, 352

398415

2,9842,834

1

25, 64416, 1049 5404,8514,689

1932

37, 56527 21510, 350

14, 18117, 1196,769

10 350

386401

2,9602 517

1

22, 64613, 8638 7834,1934 590

1933

38, 05227 68110, 371

14, 38816 9976,626

10 371

383999

3,4732 411

1

22 66314, 0738 5904 0764 514

1934

41, 39830 90510, 493

16, 06417 5557,062

10 493

414428

4,3032 633

1

24 80315 7499 0544 5154 539

1935

42, 90832 26310, 645

16, 75817 9607,315

10 645

427446

4,5852 731

1

25 78916 4419 3484 7544 594

1936

45, 98035 41310, 567

18, 06318, 4327,865

10 567

443462

5,6862,893

1

27 64317, 7359 9085 2124 696

1937

47, 15736 66210, 495

19, 49118, 6268,131

10, 495

466474

5,0563,043

1

29, 50219, 16910 3335,5294 804

1938

45, 28334, 94510, 338

17, 62418, 1617,823

10, 338

471492

5,6612,873

1

27, 46717,31510 1525,3254 827

1939

46, 60536, 33910, 266

18,68018, 2818,015

10, 266

494503

5,6303,016

1

28, 90318, 38010 5235,5884 935

1940

48, 48638, 33610,150

20, 03618, 4458,295

10,150

509535

5,7323,227

2

30, 64919, 74110,9085,9114,997

1. This series falls short of total man-years of full-time employment, because of the exclusion of unpaid family workers.2. Consists of sole proprietors and partners of unincorporated enterprises, and of independent professional persons, devoting the major portion of their time to the business or profession.

Table 5.—National Income Originating in Nonfarm Ordinary

[Millions of dollars]

Total..

Corporate business _Compensation of employees

Wages and salariesSupplements to wages and salaries .

Corporate profits l and net interest-

Sole proprietorships and partnerships-Compensation of employees

Wages and salariesSupplements to wages and salaries

Proprietors' income l and net interest _

1929

61,802

45, 06733 59733 165

43211, 470

16, 0157,4477,388

598,568

1930

52, 498

38, 39130 17429 757

4178,217

14, 1076 7436,682

617,364

1931

39, 513

28, 28524 78924 409

3803,496

11, 2285 6175,561

565,611

1932

26, 065

18, 40718 53118 202

329—124

7 6584 2304,183

473,428

1933

24,319

17, 29817 55317 251

302—255

7 0213 8063 765

413,215

1934

32, 292

23, 32520 56820 231

'3372 757

8 9674 3654 322

434,602

1935

37, 079

26, 91522 54722 181

3664 368

10 1644 7614 716

455,403

1936

44, 162

32, 15425 72325 090

6336,431

12, 0085 4615,372

896,547

1937

50, 733

37, 46629, 93328 6451,2887,533

13, 2676 1795,968

2117,088

1938

44,874

32, 15226, 65125 2411,4105,501

12, 7225 9025,653

2496,820

1939

49, 709

36, 06529, 18127 6621,5196,884

13, 6446 3206,057

2637,324

1940

57, 593

42,29832, 21330, 5821,631

10, 085

15, 2956, 8356, 559

2768,460

1. Includes inventory valuation adjustment.

cooperatives were included in "other private business."Census data for central administrative offices and auxiliarieswere ascribed to corporations.

In some cases, the census industrial data had to be re-grouped for comparability with later censuses; in otherswhere the census did not cover an entire two-digit industry,the figures were supplemented by data from other sources.In instances in which the requisite census data were avail-able, the census numbers of full and part-time employees ineach legal form of organization were adjusted to a full-timeequivalent basis in order to make possible the calculation ofmeaningful average annual earnings series. The adjustmentprocedures and definitions of terms are described in EdwardF. Denison, "Revised Estimates of Wages and Salaries inthe National Income, 1929-43," SURVEY OF CURRENT BUSI-NESS, June 1945. From the census totals so derived, per-centage distributions of full-time equivalent employees bylegal form were ascertained for the benchmark years, usually1939,1947-48 and 1954, although in a few instances all threewere not available. These distributions were applied againstthe number of employees in the respective industries asshown in table VI-13 of U.S. Income and Output and table25 of the 1954 National Income supplement.

3. Internal-Revenue-Service-~based method. For most pri-vate industries not covered above, distributions of payrolls asbetween corporations and noncorporate enterprises were de-veloped for benchmark years on the basis of data reported oncorporate, individual, and partnership income tax returns.

The corporate-noncorporate allocation of payrolls in theseindustries was assumed to apply also to employees.

Interpolation and extrapolation. For the period prior to1939, census data on legal form of organization for manu-facturing and retail trade were taken into account. How-ever, for other industry groups, the 1939 percentages had tobe kept constant for lack of pertinent information. For theperiod after 1954, changes in legal form, as reflected in corpo-rate-noncorporate sales or receipts, were allowed for inwholesale and retail trade and construction; ratios forother industries were held constant pending the availabilityof later census data. In view of the general stability of thelegal form ratios, it is unlikely that this introduces a seriouserror into the estimates.

Between census years, estimates of corporate and non-corporate sales or receipts were used as a basis for interpo-lating the distribution of employees in trade and constructionby legal form of organization. Similar techniques wereused for manufacturing for the years 1942-47 to allow forthe significant shifts in legal form of organization that oc-curred. Straightliiie interpolation between census years wasapplied in other industries except those for which annualdata were available.

Effect of industry mix and within-indnstry changes. Fora description of techniques and problems involved in dis-tinguishing between the effects of changes in industry mixand the effects of changes in within-industry composition onall-industry ratios, see the technical appendix to the articleon "Corporate Profits Since World War II," January 1956issue of the SURVIIY,, page 2ft,


November 1959

by Legal Form of Organization, 1929—58

SURVEY OF CURRENT BUSINESS

[In thousands]

23

1941

53,11243, 02210, 090

22, 87819, 2219,13110, 090

529589

6,7483,144

3

34, 36922, 58611,7836,7715,012

1942

57, 99248, 0459,947

24, 64719, 7419,7949,947

516675

9,1713,237

5

36, 83024, 38412, 4467,5024,944

1943

63, 67054, 2399,431

26, 05319,2169,7859,431

500771

14,2082,915

7

37, 90525, 80912, 0967,5934,503

1944

64, 69455, 4219,273

25, 19419, 0049,7319,273

485630

16, 5072,869

5

37, 11424, 98012, 1347,7144,420

1945

63, 06253, 7139,349

23, 48519, 2269,8779,349

488643

16, 3692,846

5

35,81223, 28812, 5247,9554,569

1946

57, 37947, 4669,913

24, 73920, 53910, 6269,913

546687

8,1042,759

5

38,44024, 54213, 8988,6345,264

1947

57, 65247, 45310, 199

26, 50620, 91610, 71710, 199

562664

6,0682,931

5

40, 63726, 31114, 3268,6455, 681

1948

58,58148, 37010,211

27, 24720, 91710, 70610,211

579720

6,0803,033

5

41,41727, 05314, 3648,5635,801

1949

57, 20247, 10810, 094

25, 92720, 40710,31310, 094

607753

6,4013,102

5

39, 78025, 74014, 0408,2485,792

1950

58, 73148, 67510, 056

27, 00320, 40510, 34910, 056

638754

6,6263,300

5

41, 12426, 83014, 2948,4325,862

1951

62, 78052, 8649,916

28, 88620, 65110, 7359,916

665111

8,4833,313

5

43, 67028, 70714, 9638,9266,037

1952

64, 09654, 1359,961

29, 39620, 77810,8179,961

679846

9,1903,201

6

44, 45929, 22315, 2369,0696,167

1953

65, 07055, 2019,869

30, 37720, 77210, 9039,869

706842

9,1513,217

5

45, 55430, 20315,3519,1426,209

1954

63,35153, 4839,868

29, 17520, 46010, 5929,868

719841

8,9763,175

5

44,04728, 98215, 0658,8556,210

1955

64, 79454, 8279,967

30. 25720, 66210, 6959,967

740842

8,8493,439

5

45, 45130, 06715, 3848,9896,395

1956

66, 34556, 4009,945

31, 20620, 98811, 0439,945

769847

8,9163,615

4

46, 85531,01415, 8419,3146,527

1957

66, 61856, 7309,888

31, 34620. 85210, 9649,888

797864

9,0543,701

4

47,04031, 15615, 8849,2596,625

1958

64,8355, 10'9,72

29, 62<20,6010, 88(9,72

8087

9,103,80

45,1629,4315,729,126,60


.Business, by Legal Form of Organization, 1929—58[Millions of dollars]

1941

75, 800

56, 24740, 91738, 9361,98115, 330

19, 5538,6608,314346

10, 893

1942

97, 761

72, 65852, 12449, 7962,32820, 534

25, 10311, 25610, 838

41813, 847

1943

117, 268

87, 77863, 39160, 5572,83424, 387

29, 49012, 81012, 368

44216, 680

1944

121,896

89, 80266, 31263, 1343,17823, 490

32, 09414, 19913, 732

46717, 895

1945

116,517

82, 10863, 26860, 1013,16718, 840

34, 40915, 54215, 043

49918, 867

1946

125,030

85, 93668, 73565, 5183,21717, 201

39, 09417, 97417, 434

54021, 120

1947

143,852

104, 32080, 92277, 0123,91023, 398

39, 53219, 74319, 141

60219, 789

1948

163,302

119, 99289, 80285, 6634,13930, 190

43, 31021, 14420, 567

57722, 166

1949

158,058

115, 16787, 49683, 1334,36327, 671

42, 89120, 86220, 259

60322, 029

1950

177, 658

131, 88997, 18091, 5225,65834, 709

45, 76922, 41021, 659

75123, 359

1951

203, 718

152, 896113, 040105, 9767,06439, 856

50, 82225, 15824, 299

85925, 664

1952

211,628

158, 174121, 353113, 8387,51536, 821

53, 45426, 79525, 920

87526, 659

1953

224,067

168, 647132, 156123, 9908,16636, 491

55, 42028, 33327, 429

90427, 087

1954

218,482

162, 900130, 145121, 6268,51932, 755

55, 58228, 25227, 264

98827, 330

1955

243, 697

183, 880141, 905132, 2349,67141, 975

59, 81729, 80028, 7301,070

30, 017

1956

259, 036

194, 826154, 367143, 49510, 87240, 459

64, 21032, 33631, 1561,180

31, 874

1957

268, 747

202, 809162, 464150, 30412, 16040, 345

65, 93833, 45332, 1671,286

32, 485

1958

260, 264

194, 081158, 627146, 56912, 05835, 454

66, 18334, 00832, 6811,32732, 175


Defense Expenditures Abroad

(Continued from page 17)

Sales of military equipment expand

Military operations also encompass several major programsto sell military goods. Most of our receipts from sales re-sult from the mutual security military sales program whichenables our allies to purchase military equipment and serv-ices from the U.S. Government. Such items are often pro-cured for them on the domestic market or transferred fromstocks of the Department of Defense located here or abroad.The value of goods shipped and of the repair, training, andsimilar services made available was almost $1.3 billion byJune 1959. These sales have increased sharply since thebeginning of 1957 when the first shipments were made toGermany. By June 1959 shipments to Germany totaled$365 million.

Canada was the largest purchaser of U.S. military equip-ment prior to 1957 because of the two-way buying programestablished by the two countries after the invasion of SouthKorea. Under this arrangement Canadian purchases in theUnited States to supply the Canadian forces with U.S. stand-

ardized equipment are being offset by U.S. expenditures inCanada for electronics equipment, aircraft, and militarysupplies.

The Armed Forces of the United States also provide ma-terials, facilities, and services on a reimbursable basis toforeign countries and international organizations under va-rious logistical support programs. Most of the other re-ceipts of the military agencies abroad have been in the formof proceeds from the sale of property excess to their needs.Currently such proceeds amount to some $80 million a year.

The total receipts of the U.S. Government from these var-ious programs averaged about $180 million a year duringthe 4 years prior to 1957. Primarily because of sales toGermany, they rose to $370 million in 1957 and declined inthe following year to $300 million. When these receipts arededucted from total U.S. defense expenditures, net expendi-tures in 1958 were $3.1 billion.


24 SURVEY OF CUERENT BUSINESS November 1959

REVISED STATISTICAL SERIES.—Indexes of Prices Received by Farmers, 1952-58: Revised Data for Page S-5 l

[1910-14=100]

Yeir and month

1952' JanuaryFebruaryMarch... .AprilMayJuneJuly _._AugustSeptemberOctober _ _NovemberDecember _ _ _Monthly average

1953: JanuaryFebruaryMarch _ _ _ _ _ _AprilMay -JuneJulyAugustSeptemberOctoberNovemberDecemberMonthly average

1954* JanuaryFebruaryMarch __ __AprilMayJuneJulyAugustSeptemberOctober _NovemberDecember __ _Monthly average

1955* JanuaryFebruaryMarch _ ___AprilMayJuneJulyAugustSeptember _ _ _ _ __.OctoberNovemberDecemberMonthly average

1956: January _ _. .FebruaryMarch\prilMayJune .JulyAugustSeptemberOctoberNovember _DecemberMonthly average

1957* JanuaryFebruaryMarch __ _ _AprilMay -_ _ -JuneJuly -__AugustSeptemberOctoberNovemberDecemberMonthly average

1958' JanuaryFebruaryMarch __ _AprilMayJune _JulyAugustSeptemberOctoberNovemberDecemberMonthly average

All farmproducts

299293291292291290292294288280275267288

266261261257259251254251253246246250255

254254252253252244243246242237237234246

238240240241236235232229231227222219232

222222224229235238237234233230229229230

231229230232233233239242240236235237235

241245257257256250250248255249247244250

Crops

Total

273264268275269274272270267260256255267

251246250246246243234232233229232235240

236236239244248245249248245239238237242

240240239245243234230222221217219219231

223226229236245252248235231228234232235

231228229229230227228228222218213212225

214218232239232223222221228221218213223

Com-mercialvege-tables

301249294341311294289240203220252261271

249254240238237261235206194204218229230

238227224245238202215191179198225213216

232248238247235210200201214209228216223

228249247228238259241199185207255244232

225222223247256252244218194203207228227

273305337295251208192176182205234220240

Cotton

326313305312305322313321332312289270310

253256268267269267270278280275269260268

254257263267272273272288292293280276274

275268269270266265271277285277274263272

259262267274270273273263275270270262268

256255252258266270273278279273263238263

231211220236246246260281292281273256253

Feedgrainsandhay

242237236237235233234240242226220224234

221212214211211203203204205192192201206

204205206206206203200205206201196199203

200200195194198193187175170162159166183

168169171182189190192195193175179182182

183178178177176170167166159151146147166

143145149159161164163160157149143151154

Foodgrains

252249252250245239230236241241249249244

248244250249246227222217220225231232234

235237239235228215224227232235239239232

240239238235239223222214219221221222228

2212212232292?6219216218222226232234224

236235236233226219219218218221

222225

219221225225222199192192196201201199208

Fruit

178178186184181191199189202202177186188

199192200197200222187190199187191190196

190189194194207230247243248201186182209

194186196207201222226208203192194199202

203199196200212234219230236239214203215

210208221206200204207216208199179176203

184199225262264270274265320267241217249

Oil-bearingcrops

303296284279280289308310305298296298296

291285297296293283265261253259273287279

288296312332336331329320272274276277304

275275269261257253249242221226226230249

237242253270295285259251230236253254255

257251253251250246245248237226228230244

228225230234233234228230217212210214225

Potatoes(includ-ing dryediblebeans)

281283296319319351348357294278287267307

273240223196188165169160162145144134183

132127112134195219224201178154175176169

182191192289273198160138126120134135178

158170194224269341389216152135147151212

153145137131143143159164158148157161150

172204269256200168163136124111121126171

Tobacco

431436435435436437436436428430416428432

421423424424425425427436456444447447433

440444443443445445444437448443439440443

430437437437436435440425431440451444437

451450450451454453454450451450451457452

458457457458457457463478484482470477466

476475475474474474474478485499498504482

Livestock and products

Total

321318311307311305310314306298291277306

278273271267270259271268270262258263268

270269263262255242237243240236236231249

235241241238231235233235240235223218234

221219219223228226227233235231226227226

232230232235235239248255255251255259244

264269278272276272274272278274273270273

Dairyproducts

318320306290281278288297309321322309303

293281269253242239249258272284287279267

268258248227217216228239254265269264246

256251241232224223233244257269271267247

258252244237237235244253266276281274255

269263254245237235244255271279283275259

268263254239231227238248263270272270254

Meatanimals

375375370371388375370366343320300284353

297299294294307289303291287263258276288

298303305318313288270275268259255249283

257257255263257266255248246237212200246

208215220235245246242254251239228233235

248247259271277284293297286273275290275

306319335339352348348337340333329328334

Poultryand eggs

207189184185177183209226226225236223206

221211219221219214223228227230221216221

212208192183174174176181164155160156178

167193206192183183184194203194191200191

202188188182179173175170169164160162176

155157152150146148157167171175181179162

174172187175173169167165171162161155169

Wool

338317302288299299299298294297297297302

290294300304313316308306304303296298303

297297294302306310307302297293287284298

282279275261256253252240234219215221249

212221226231237238238232237252261267238

275272289296315311311305294287286258292

265244234207201215211211204203202199216

1. Source: U.S. Department of Agriculture, Agricultural Marketing Service. Some of the components have not been revised but are shown here for convenience of the user.


Wontki* BUSINESS STATISTICSJ. HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement

to the SURVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 andmonthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthlyfigures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and adagger ( f )> respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEYbeginning with the July 1959 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonalvariation.

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

Unless otherwise stated, statistics through 1958 anddescriptive notes are shown in the 1959 edition ofBUSINESS STATISTICS

1958

Septem-ber October Novem-

berDecem-

ber

1959

Janu-ary

Febru-ary March April May June July August Septem-

ber October

GENERAL BUSINESS INDICATORS

NATIONAL INCOME AND PRODUCT

Seasonally adjusted quarterly totals at annual rates:National income, total - bil. ofdoL.

Compensation of employees, total doWages and salaries, total - -- do _ _

Private doMilitary __ do -Government civilian _ __ do

Supplements to wages and salaries do

Proprietors' income, totalcf - doBusiness and professional^ -~ - doFarm do __

Rental income of persons . . _ __ -.doCorporate profits and inventory valuation adjust-

ment, total - - _ _ _-bil. of doL_Corporate profits before tax, total do

Corporate profits tax liability _ _ d oCorporate profits after tax _. _ - _ d o

Inventory valuation adjustment do

Net interest - do

Gross national product, total -do

Personal consumption expenditures, total do. _ _Durable goods __ _ - --do _ _ .Nondurable goods doServices -- do

Gross private domestic investment, total do _ . _New construction __ -_do..Producers' durable equipment -doChange in business inventories do

Net exports of goods and services.- - do._ _Exports __ doImports .-- - do _ _

Government purchases of goods and services, totalbil. of doL.

Federal (less Government sales) doNational defense 9 -do ___

State and local -do ___

Personal income, total.. _- do__Less: Personal tax and nontax payments doEquals: Disposable personal income _ do

Personal savirig§ do

GNP in constant (1954) dollars

Gross national product, total bil. of dol

Personal consumption expenditures, total doDurable goods-.. _ _ _ _ _ _ _ d o _ _Nondurable goods do.- _Services - do. _.

Gross private domestic investment, total doNew construction __ - doProducers' durable equipment do ..Change in business inventories do ._

Net exports of goods and services do

Government purchases of goods and services, totalbil. of dol-

Federal _.- ._. - - do ...State and local ._ . _ _ - _ _ . _ _ -do

369.5

258.5241 1197 110 034.017.5

46.832.614 211.9

38.038 318.819.5-.3

14.4

444.0

294.437.1

143.1114.2

54.235. 422.2

-3.4

1.623.121.5

93.853.144.540. 8

363. 442.9

320.4

26.0

400 9

275 035.3

135.3104.4

46.631.218.6

-3.2

.5

78.944.334.6

-- -

380.4

262.9245 1200 8

9 934.417.8

47 433.214 111.9

43.544 621.922.7

—1.1

14.7

457.1

299.139.8

143.6115 7

61 337.323 2

.8

.222 722.5

96.554.245.342.2

366. 343.4

322. 9

23.7

410 8

278 437. 5

135.6105.3

53.032 619.31.1

— 1 4

80.845.235. 5

389.4

269. 9250 9206 2

9 834.819.0

46 933.713 212.0

45. 546 522.623.8—.9

15.1

470.2

303.941.3

145.3117 4

69 839.723 96.1

-.921 522.4

97.453 845.843.6

371 844.4

327.4

23.5

420 6

282 338.8

137 3106. 2

59. 734 319.85.6

—2 7

81.344 936.4

403.9

278.9259 4214 0

9 835.619.6

46 634.512 112 0

51.052 625.627.0

— 1.6

15.4

484.5

311.244.1

147.7119 4

77 541 026 010 4

— 1.822 123.9

97.753 946 243.8

381 145.8

335.3

24.1

431 8

288 341 2

139 7107.4

65. 735 121 39.2

3 5

81.445 036.4

279 3259 5213 5

9 836 319 8

45 134 810 312 0

15 8

478 6

313 343.6

148 0121 6

67 041 027 0

— 1.0

.024 124. 1

98.453 645 944 8

381 045 9

335. 1

21.9

424 3

288 840 6

139 4108 8

56. 434 922 1— . 0

1 9

81.044 136.9

r Revised. d"Includes inventory valuation adjustment. 9 Government sales are not deducted.§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.

529257°—-59S-l


S-2 SURVEY OF CURRENT BUSINESS November 1959


1958


berDecem-

ber

1959

Janu-ary


ber October

GENERAL BUSINESS INDICATORS—Continued

PERSONAL INCOME, BY SOURCE

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

Wage and salary disbursements, total doCommodity-producing industries, total. .. do

Manufacturing only doDistributive industries _ _ _ _ _ _ _ d oService industries doGovernment . _ ._ d o _ _ _

Other labor income doProprietors' income:

Business and professional doFarm do _

Rental income of persons __ __ _ _ do....Dividends _ _ _ do _Personal interest income doTransfer payments doLess personal contributions for social insur__-do

Total nonagricultural income do

NEW PLANT AND EQUIPMENTEXPENDITURES

Unadjusted quarterly totals:All industries mil of dol

Manufacturing _ _ do _ .Durable goods industries _ _ _ _ do_ -N endurable goods industries .. do ._

Mining doRailroads __ __ _ _ _ _ _ do_ _Transportation other than rail doPublic utilities doCommercial and other do

Seasonally adjusted quarterly totals at annual rates:All industries . _ bil. of dol _ _

Manufacturing _ _ _ _ -do_Durable goods industries doNondurable goods industries _ _ _ d o _

Mining _ _ _ _ d o _Railroads doTransportation, other than rail doPublic utilities doCommercial and other .. ._ d o _ _ _

FARM INCOME AND MARKETINGS

Cash receipts from farming, Including Governmentpayments total mil. of dol

Farm marketings and CCC loans, total do.Crops _ _ _ _ _ _ _ d oLivestock and products, total 9 do

Dairy products _ _ _ doMeat animals doPoultry and eggs _ _ _ _ _ _ _ _ _ _ do

Indexes of cash receipts from marketings and CCCloans, unadjusted:

All commodities 1947-49=100Crops _ _ _ _ _ - d oLivestock and products do

Indexes of volume of farm marketings, unadjusted:All commodities __ _ -1947-49 = 100--

Crops doLivestock and products do

INDUSTRIAL PRODUCTION

Federal Reserve Index of Physical Volume

Unadjusted, combined index 1947-49=100__

Manufactures doDurable manufactures do.

Primary metals 9 doSteel - - doPrimary nonferrous metals. _ _ _ _ do_ _.

Metal fabricating (in cl. ordnance).- - do_ __Fabricated metal products doMachinery _ do

Nonelectrical machinery doElectrical machinery do

Transportation equipment 9 doAutos do. __Trucks doAircraft and parts - do_

Instruments and related products do_ _

Furniture and fixtures - do_Lumber and products doStone clay and glass products __ __ do_ _ _Miscellaneous manufactures do

364.2

242.599.377.964.135.044.19.3

32.814.3

11.912.620.627.37.1

346.1

7,427

2, 6641,2571,407

223140320

1,6332,447

29.61

10.865.165.70

.88

.631.296.109.85

3,604

3,3371,5671,770

3571,105

292

137146130

147160138

140

141146111114139

156141151128195

1703767

583168

130127160143

364.3

242.198.776.964.135.244.19.3

33.214.2

11.912.620.727.47.1

346.3

4,031

3,9141, 9611, 953

3721,250

313

161183143

177209153

143

145149123129150

158136150127194

1847189

582171

132131155147

367.5

246.1101.879.764.735.344.39.4

33.114.1

11.912.620.826.67.1

349.6

3,596

3,5301,8791,651

355979302

145175121

160197132

144

146155124128157

167136153131197

211160112591174

132126153144

366.9

247.0102.280.664.735.644.49 4

33.414.2

11.910.821.026 37.1

348.8

8,013

2,9321, 3761,556

254156413

1,7172.541

29.97

10.584.865.72

.97

.581.626.269.96

3,312

3, 2591,7001,559

375893271

134158114

146173126

140

141152119127162

168136152133190

214161100595176

132109145137

369.0

248.7102.880.965.635.644.69.6

33.513.5

12.012.721.126.18.1

351.6

2,959

2,9121,3971,515

366885238

120130111

130144120

142

144154127136163

168134156134199

211154110587176

132116141133

371.0

250.1103.581.766.036.044.79 7

33.713.2

12.012.821.326 48.1

353 8

2,255

2,221847

1,374348778222

9179

101

10390

113

147

150160144156169

172135162142202

212149133587179

134124145137

375.4

254.0106.383 866.636 444.89 8

34.012.9

12.012.821.626 68.2

358 5

6 905

2,4561, 1441,312

213159408

1,1992 470

30 62

11 205 265 94

9563

1 715 80

10 33

2 133

2 107596

1 511388855248

8756

111

9658

123

149

152163153170167

174138164147196

215163138583183

135125156139

379.0

257.3108.685 466.936 845.09 9

34.312.2

12.012.921.826 98.3

362.7

2 200

2 179616

1 563390921221

8957

115

9653

129

152

155166155171169

176142165149196

217164143580185

135136166142

381 3

259 8109 886 767 537 145 49 9

34.512 0

12 013.022 026 48.3

365 3

2 205

2 180637

1 543427859220

9059

113

9957

131

153

156169157170168

179146170153203

215162148572188

137143171145

383 8

261 7110.987 768.037 245.610 0

34.712. 1

12.013.122.226 48.4

367 8

8,323

3,0211,4501,571

243262527

1,4742,796

32.51

11.805 746.06

.941.002.085.82

10.87

2,336

2 308819

1 489398853207

9576

109

10880

129

155

158172154164174

182150175156213

214158147571195

141141177149

383 4

261 5109.986 968.437 345.910 1

34.911.4

12.013.222.426 38.4

368.2

2 676

2,5821,1161,466

385829230

106104108

121114128

143

1471579476

165

175143166150197

209150134566193

141127

r 174145

380.0

258.8106.884.068.337.646.010.1

34.910.0

12.013.422.726.58.4

366.3

2,605

2,5731,1321,441

376817229

106106106

118110124

148

151r 153

63p20140

r 173r 146r 172

149219

T 1887196

r 563r 196

147* 143r 177

M56

r 380. 9

«• 259. 2»• 106. 8'84.4'68.3r37. 8

46.210.2

'34.89.6

12.013.523.0

r 27 0'8. 4

r 367. 5

1 8, 553

3,1521,5411,611

263312545

1,5412,740

i 34. 29

12.816 286.53

1.041.412.195.80

11.04

v 3, 270

p 3, 240p 1, 571p 1, 669

^369P 1, 035

P248

p 133P 147P 122

P 147p 157v 139

r 151

154r 158

63*21118

' 181151

r 186r 155r 245

r 18973

T 102r 563T 202

r 148

141r 175

r 163

381.9

259.0106.283.768.437.946.410.2

34.910.0

12.013.523.327 38.4

368.0

2 9 474

3,8151,8851,930

277299544

1,6262 913

2 35. 34

13. 726.657.07

1.061. 122. 125.93

11.39

p 153

P 157p 161

P 62p 22

P 185P 144p 186p 153P 251

p 207p 143p 116P 547P 206

P 151

p 172p i fU

r Revised. P Preliminary. 1 Estimates for July-September based on anticipated capital expenditures of business. 2 Estimates for October-December based on anticipated capitalexpenditures of business. Anticipated expenditures for the year 1959, and comparative data for 1957-58, appear on p. 5 of the September 1959 SURVEY.separately.

9 Includes data not shown


November 1959 SUEVEY OF CURRENT BUSINESS S-3


1958


berDecem-

ber

1959

Janu-ary

Febru-ary March April May

1June July August Septem-

ber October


INDUSTRIAL PRODUCTION— Continued

Federal Reserve Index of Physical Volume — Con.

Unadjusted index — ContinuedNondurable manufactures 1947-49=100

Food and beverage manufactures.. __ ... doFood manufactures 9 do

Meat products _ _ _ __ doBakery products do

Beverages _ _ __ doAlcoholic beverages do

Tobacco manufactures doTextile mill products 9 _ _ _ do

Cotton and synthetic fabrics _ d o _ _Wool textiles .. do

Apparel and allied products. do. _ .

Leather and products doPaper and allied products - do

Pulp and paper . _ _ __do _ _Printing and oublishing do

Chemicals and allied products doIndustrial chemicals... _ _ .do _

Petroleum and coal products doPetroleum refining do _

Rubber products do

Minerals _ doCoal __ do__Crude oil and natural gas doMetal mining _ _ __ doStone and earth minerals do

Seasonally adjusted, combined index do

Manufactures doDurable manufactures.— . _ do

Primary metals do

Metal fabricating (incl ordnance) doFabricated metal products doMachinery. - _ _. _ _ _ _ _ _ do^_

Nonelectrical machinery - doElectrical machinery do

Transportation equipment _ __ doAutos, trucks, and parts doOther transportation equipment _ _ _ do

Instruments and related products do

Furniture and fixtures do _.Lumber and products _ doStone, clay, and glass products doMiscellaneous manufactures do.__

Nondurable manufactures doFood and beverage manufactures , ._ do

Food manufactures doBeverages do

Tobacco manufactures _ __ doTextile mill products doApparel and allied products. _ _ do

Leather and products. _ _ _ _ doPaper and allied products doPrinting and publishing _ . _ _ _ do

Chemicals and allied products.. _ _ _ doIndustrial chemicals. . do

Petroleum and coal products _ _ _ _ doRubber products _ do

Minerals doCoal _ _ _ doCrude oil and natural gas doMetal mining _do_Stone and earth minerals . . _ do

CONSUMER DURABLES OUTPUT

Unadjusted, total output . . 1947-49=100

Major consumer durables _ do _Autos. doMajor household goods _ _ do

Furniture and floor coverings. _ _ __ _ _doAppliances and heaters doRadio and television sets do

Other consumer durables do

Seasonally adjusted, total output. do

Major consumer durables doAutos doMajor household goods _. do

Furniture and floor coverings.. do _Appliances and heaters doRadio and television sets. _ _ _ _ _ do _

Other consumer durables _ _ _ _ _ _ _ _ do_

137131134130102119108

12510311175

113

105169159142

187202138148137

12373

145107158

137

139145113

155135148129186

17882

322166

126118157137

133115116114

121103116

104167140

187204135136

12370

14990

149

103

96 ;37

150 ;126150222 .11.9 :103

9956

138120137197113

142129130138103124124

13010911275

121

109181171147

195211137147143

12475

144107156

138

140146122

156133147130180

18391

321169

127120149138

134115115115

120104118

108171142

189209137133

12269

14892

148

116

11371

151131147221123

108

10567

141124148166114

138120121134101113111

12810711871

117

108170164146

195214140151145

12375

14793

151

141

143151123

163136150133183

203119327173

129125151137

135116116119

126104117

113168142

192212139141

12372

147101148

143

155160153130156212117

133

142139148127159174113

130110112133101104

94

10310010662

105

102153148140

195217144159137

12476

15181

139

142

144152123

165136152132190

204123322175

127125148134

135117116121

126104116

108166139

194214142140

12473

148108142

137

147161138130137163113

134

143143144127156162114

135107110139989791

121107119

120

111166161139

198219146160150

12373

15286

131

143

145153125

166136154132199

204124322176

133127147137

137118117122

121106118

109167144

196216143142

12469

148113145

136

145154140130131193115

133

140139143132140181118

14010911014099

105100

130113122

127

120177171142

202226145157158

12374

15091

130

145

148157138

168135158138198

204123322179

132126149137

139119119121

130108119

109172145

199222144150

12474

146114143

140

150149154135158199117

132

13713014613314518511Q

14110910813399

113109

121113122

130

116176171148

204231148154159

12269

14991

138

147

150160146

170138159142192

207128322181

135129158141

140119120118

121110121

106173145

201226149156

12372

144115148

144

155163151136159173117

135

141142142133139179191

14311411113699

126119

129117131

128

113185179150

209237138147138

12468

149105152

150

153164149

173142163145198

211132327183

138136166147

142120120124

134115123

112176147

204232143135

12471

146114155

142

154164148135156166113

137

14614714713514418911*

143117113129102133124

128119129

125

112180175150

207237139146132

12772

148135157

153

156169154

179148170150209

214136327189

143139170150

144122121125

124118127

118180149

208234142134

12673

148115154

142

154162149133155176114

141

151153153140151195117

144122118129104139123

125117121

124

110180177148

206241143151152

12772

147133162

155

158172150

184150178156222

216139326197

145133174152

145120121117

115118128

111178149

212246143155

12573

148106156

144

154158152135154198121

145

155156156140145235194

136121118127105130112

119107119

113

101164157144

199'233

132148141

11446

14490

163

153

157167106

186150180156227

218142327199

149137180156

146118118116

132123130

115' 185

151

211245135172

11856

14879

157

134

140150132133125148122

149

158158161147148240

r 197

••149••134'133

127'106

138122

136121127

'134

117184176147

'206'237'134'152

156

11663

14449

'168

149

'152'158

67

'182' 144'179'158

221

'211133

'322'198

145132

'174155

146' 122

120130

126121

'130

112182152

'212'244' 133

162

11761

148'43

'159

119

11471

153142141223130

142

149134

' 165141164234

r 1O«

'151136138141107

120123

127

184172

'155

216250

'M34rv 151P160

11665

P14532

163

'149

15215864

183145

'183157

'233

'205'129'314'200

'144130' 172'155

'147121120

120131

182'152

217253

P132r 158

116'63

r p 14827

154

"128

'12573

"173143163290

'135

'137

'140122

' 159137150249

it 1OQ

*153

P158

*131

»117p70

*>145

»148

P151* 157^62

*182P 142P182p 156^233

P205*133?308*204

P145

P165P155

P146

P154

"131

*117P64

"149

*>148

p 155»143

"133

P138

P 144p 134

n 1O/1

r Revised, » Preliminary. 9 In-eludes data nco.t shown separately.


S-4 SUEVEY OF CUERENT BUSINESS November 1059


1958


berDecem-

ber

1959

Janu-ary


ber October


BUSINESS SALES AND INVENTORIES§

Mfg. and trade sales (seas, adj.), total bil. of dol

Manufacturing, total doDurable goods industries doNondurable goods industries do

Wholesale trade, total doDurable goods establishments doNondurable goods establishments do

Retail trade, total doDurable goods stores -_ _ _ _ _-doNondurable goods stores do^

Manufacturing and trade inventories, book value, endof month (seas adj ) total bil of dol

Manufacturing, total doDurable goods industries doNondurable goods industries do

Wholesale trade total doDurable goods establishments doNondurable goods establishments do

Retail trade, total doDurable goods stores doNondurable goods stores do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Sales value (unadjusted) total mil. of dol

Durable goods industries total 9 doPrimary metal do

Iron and steel _ _ -_doFabricated metal doMachinery (including electrical) do

Electrical do

Transportation equipment doMotor vehicles and parts do

Lumber and furniture doStone clay and glass do

Nondurable goods industries, total 9 do

Food and beverage doTobacco do__Textile doPaper do._.Chomical doPetroleum and coal - do_Rubber do

Sales value (seas adj ) total doDurable goods industries total 9 do

Primary metal doIron and steel do

Machinery (including electrical) doElectrical do

Transportation equipment do'Vlotor vehicles and parts do

Lumber and furniture doStone clay and °lass do

Nondurable goods industries total 9 doFood and beverage doTobacco - do -Textile doPaper <loChemical doPetroleum and coal doRubber do

Inventories, end of month:Rook value (unadjusted) total do

Durable goods industrips total 9 do

Iron nrd steel doFabricated metal doM-cichnifrv (including electrical) clo

Electrical doTronsportatioii equipment do

IVlotor veh'c'es and parts doLumber tinr^ fur riiture doStonp clav and glass do

By stapes of fabrication:Purchased materials bil. of dol

Finished goods do

Nondurable roods industries total 9 mil of dol

Fôd arid b^veâê doTobacco do

Paner do _ _Chemical doPf'trolor'in and coal doRubber --do

By stages of fabrication:Purchased materials bil. of dol__

Finished soods do

54.8

26.812.714.111.44.17.3

16.65.1

11.5

85 0

49.328.021.2

12.16.25.9

23.710.513.2

27, 323

12, 6872,0691,3311. 6963,9931,758

2,0931,009

933757

14, 636

4,571398

1, 131958

2,1372,774

44526, 80412 7232, 0651, 3181 5933,9991, 7122, 4381,318

8-50701

14, 0814,312

3861,027

9492,0712, 800

464

48, 91027 7454 0992 4712. 7858, 9183,3566 718

1, 6911, 164

7. 711 38.8

21, 1654, 736I,7b3*? 4S2

i ^ ,39!

3, 31 ( <9*38.42 99.9

55.6

27.212.914.2

11.54.17.4

16.95.4

11.6

84.9

49.327.921.4

12.16.25.9

23.510.313.2

28, 820

13, 5842,3001,4951,6844, 1121,865

2, 5881,458

982757

15,236

4,730408

1,2191,0132, 1642,874

52727 15812, 9432, 1821,4241 5693 9931.7262 5921 494

898653

14,2154, 377

3851, 042

9472,0772,903

493

49,01527 687

4 1322 5212 8408. 86'23, 3066 6652,722I , 6641, 148

7.711 38.7

~± 328

4 , 9 i 7I , h 3 ^

1 1 v "'S ( , - . )

3. ,171961

8.52 99.9

56.1

27.513.314.2

11.64.37.4

17.05.5

11.4

85 0

49.327.921.4

12.16.35.8

23.610.513.1

26, 729

12,9111,9991,2781,4153, 7361,728

3,2082, 104

843640

13, 8184,347

3701, 123

9171, 8812, 763

425

27, 46713, 2952,1131,3741 5533, 9511,728

3,0401, 866

891667

14, 1724, 436

3781, 102

93(52,0232, 819

472

49, 16027 684

4 2172 6002 8098, 8663,312

6, 5932, 6661, 6831, 102

7.711 28.8

21, 470

4 , < ' i S1, St)l

1,41),"3.7213, 39 )

99i>

8.02 9

10. 0

57.4

28.113.614.511.74.37.4

17.65.8

11.8

85. 1

49.227.821.4

12.06.35.7

24.010.813.2

27,954

13, 7172,1171, 3651,4154, 0851,843

3,6462,415

831583

14, 2374, 353

4221,071

8981,8333, 237

50228, 13513, 6132, 2561,4841, 5863,9751,7103, 1842, 046

884655

14, 5224,481

4141,079

9552, 0042,970

518

49, 46827, 873

4 2972 6782,8108 8523, 2956. 6392, 6351, 7281, 188

7.711 39.0

21, oJ54, S911,9782 4'^'21, i4,i3, 7913,2.,i1, 004

8.92 99.8

57.4

28.113.514.611.84.37. 5

17.55.8

11.6

85.6

49.528.121.4

11.96.35.6

24.211.013.2

27, 329

13, 0662,1951,4341,4173,7971,580

3,2752,197

829561

14, 263

4, 251377

1,083942

1.9473, 195

50328, 14313, 5412,2301,4781 5374.0171, 708

3, 1672, 003

879668

14, 6024,522

4281, 102

9421, 9323, 043

508

49, 77628, 1784,2932 6532,9038, 9073, 3076, 6952, 6251,7131,219

7.611 59.1

21, 5984, 8311, 9949 4f')91,451?, 7873, 1.991,023

8.83 09.8

58.0

28.513.914.611.94.47.5

17.65.9

11.7

86.0

49.928.421.5

11.96. 35.6

24.111.013.2

27, 502

13, 5012,3201,5491,3904,1251,668

3,2152,019

853582

14,001

4, 155364

1, 156938

1, 8532, 946

45628, 48113, 8702,4211, 6481 5264, 1311,7243, 1681, 900

894677

14,6114, 479

42S1,140

9771,9303, 037

490

50, 19028, 566

4 °862 02?3 0089, 1253, 3766, 7382 7041,7231,249

7. 711 59.4

21, 6244,7771, 9979 4QQ1. 474o, 8053, 1751, 053

8.83. 09.8

59.2

29.114.414.712.24.6

.7.617.96.0

11.9

86.6

50.528.921.5

12.06.35.6

24.211.113.0

30, 589

15,3052, 7921,9251,6224,5951,791

3,4912,304

969724

15,284

4, 483404

1, 2431,0182, 1323, 107

52629, 13014, 4002,5801,7821, 6054, 2261,704

3,2122, 060

918731

14, 7304, 465

4] 61, 200

9881,9793, 046

506

50, 62629, 1164,2712, 505

1 3, 1519, 2793, 4526, 90S2, 7601, 7501, 265

7.911.69.6

21,5104, 6021,951

i 2 W''*i 1, 491

3.793i 3, 187

1,071

8.8i 3. 01 9.7

60.6

30.315.215. 112.44.77.7

18.06.1

11.8

87.6

51.129.421.7

12.16.45.7

24.511.313.2

30, 885

15, 8102,9472,0331,7354,6101, 745

3, 6372,367

989771

15, 075

4,378399

1,2171,0442,2472, 988

554

30, 26615, 1662,7921,9181, 6844, 4231, 8043, 3852,142

995756

15, 1004, 507

4111, 2531,0342,0903,080

543

51, 05329, 510

4, 1832 4GO3,2709, 4343,5377,0342,8291, 7061,284

8.1! 11 8

9.7i 21, 543i 4,676

1, 9052 Kf'']1, 4923,7453,2321, 040

8.73. 19.8

61.5

30.715.515.212.54.97.7

18.26.1

12.1

88.3

51.629.721.9

12.26.55.7

24.511.513.1

30, 673

15, 7273,0112,0931,7184,5151,731

3,5652,228

995789

14, 9464,598

4071,1991, 0262,1852,934

524

30, 74215, 5152,8581, 9561,7114, 5071,7963. 4632, 1781,041

76615, 2274,617

3881,3101, 02G2, OS92,994

524

51, 54529, 905

4, 1752, 4203, 3769, 6273, 6437, 0782,8721,7871,292

8.311.89.8

21, 6404, 6061, 8549 5^7

1,4973, 7303,3121, 015

8.73 19.9

62.0

31.215.815.5

12.64.97.7

18.26.2

12.0

89 3

52.130.221.9

12.46.65.8

24.811.713.1

31, 993

16, 6533,2592,3131,8274,8081,868

3,6742, 2681,050

829

15, 3404, 679

4511, 2601, 0522, 1803,033

54631, 248

15, 7712,9161, 9941 7584, 5651,8153, 5582,2791, 035

76815,4774, 614

4141,2811, 0422,1253,095

520

51, 99030,217

4, 0132 2513, 5009, 8013, 7247, 2202, 9S31, 7981, 295

8.811.79.7

21, 7734, 6041, 7649 ~7r>1. 4993 7773, 3491, 013

8.73 1

10.0

61.7

30.915.415 512 54.87 7

18.36.2

12. 1

r89 9

52.230.321.9

12.56.7

'5.925.111.913.2

29, 246

14, 2201,785

9991,7604, 3501,710

3,4782,106

983781

15, 026

4,610416

1,119986

2,0443, 093

51430, 85815, 3842, 1041.1821, 7874,7781,899

3, 6672,3101, 077

80515, 4744, 540

3821, 2561, 0002, 1713, 093

519

51, 79030, 079

4, 0072 2003^ 4879 7793,6827, 1142,9101.8481,275

9.011 79.4

21,7114, 0281, 7372 ^031,4573, 8093, 3471, 032

8.73 19.9

59 5

' 29 214.0

' 15 212 24.6

' 7 618.16.1

12 0

'89 5

••52.130 1

••22.0

' 12 66 65.9

' 24. 8' 11 6

13.2

r28 525

' 13 049T 1, 165

M17r 1, 810r 4 403r 1, 823r 2, 648r 1,361T 1 065

r 812r 15, 476

r 4, 579'413

r 1, 296'I, 041r 2, 078r 3, 056

r 480r 29, 203r 14 008

r 1 227'439

r i 703r 4' 651r 1 883r 3 577r 2 143

r 991r 751

r 15, 195T 4 511

r395! ' 1, 2501 ' 1 Oil1 r 2 09°

T 3, 071' 492

r 51 524r 29 679

r 3 Q7Q

r 2 9-4

' 3 29or 9 722r 3 652

7 013r 2 847r 1 K58r i 2'>Q

'8.9T 11 r>

9.2r 21 845

! '4 ,824M.77Sr 9 •' x 1r 1.45Sr 3 S28r 3 399r 1,057

'8.6r 3 I

io!i

59 9

29 614.115 5

12.54.67 9

17.85.8

12 0

89 1

51.829 722.1

12.56 56 0

24.811 513.3

29, 878

13, 7131,206

4351,9304 7612,025

2,7481, 3841 063

758

16, 1654, 859

4181,3041, 0842,2383, 180

504

29, 649

14 1151 200

4311 7884 6981 9373,6012 196

90S702

15, 5344, 627

4101, 2161 0529 1313,245

520

51, 44029 4933 98 52 °733 0429 0543, 605

7 1«33 0311 So 21 227

8.511 89.2

21 9474, 9701, 872

1. 4373, «.9 >3 3571,089

8.73 0

10.2

""

I

L _ _

' Revised. § The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm.Unadjusted data for manufacturing are shown below; those for retail and wholesale trade on pp. S~9, S-10, and S-ll. 9 Includes data not shown separately.


November 1959 SUKVEY OF CUKKENT BUSINESS S-5


1958


berDecem-

ber

1959

Janu-ary

Febru-ary March April May June 1 July

iAugust Septem-

ber October


MANUFACTURERS' SALES, INVENTORIES,AND ORDERS— Continued

Inventories, end of month— ContinuedBook value (seas, adj.), total . __mil. of dol

Durable goods industries total 9 doPrimary metal _ do

Iron and steel doFabricated metal __ doMachinery (including electrical) do

Electrical _ do

Transportation equipment _ - - _ doMotor vehicles and parts do

Lumber and furniture - doStone, clay and glass do

By stages of fabrication:Purchased materials bil. of dolGoods in process _ doFinished goods do

Nondurable goods industries, total 9 --mil. of dol

Food and beverage doTobacco doTextile doPaper doChemical doPetroleum and coal doRubber do

By stapes of fabrication:Purchased materials bil. of dolGoods in process - - doFinished goods do

New orders, net (unadjusted), total mil. of dol__

Durable goods industries, total 9 . doPrimary metal _.. _ _ do _

Iron and steel _ doFabricated metal _ do _ _Machinery (including electrical) do

Electrical. do _Transportation equipment (including motor ve-

hicles)—- mil. ofdoL.

Nondurable goods industries, total doIndustries with unfilled orders © __ _ _ doIndustries without unfilled orders J .--do

New orders, net (seas, adjusted), total do

Durable goods industries, total 9 do __Primary metal do

Iron and steel - - doFabricated metal doM a ch iner y (including electrical) do

Electrical.. _ _ _ do_ _Transportation equipment (including motor ve-

hicles) mil. of dol

Nondurable goods industries, total doIndustries with unfilled orders © _ doIndustries without unfilled orders 5 - --do

Unfilled orders, end of month (unadj.), total . do

Durable goods industries, total 9 doPrimary metal do

Iron and steel . do _Fabricated metal _ doMachinery (including electrical) _ _ do

Electrical doTransportation equipment (including motor ve-

hicles) .mil. of dol

Nondurable goods industries, total © do

BUSINESS POPULATIONFirms in operation, end of quarter (seasonally adjusted)

thousands.

New business incorporations (48 States) d*_. .number.

INDUSTRIAL AND COMMERCIAL FAILURES^Failures, total _ _ _ _ number. .

Commercial service .___do._Construction doTVf ?voTlffl.fit.Tiring and mining _ _ doRetail trade _ _ _ doWholesale trade __ do

Liabilities (current), total thous. of dol..

Commercial service do~Construction doManufacturing and mining - _ _ doRetail trade doWholesale trade do

Failure annual rate (seas. adi.)_No. per 10,000 concerns.

49, 296

28, 0484, 0432,3992,8429,0743,386

6, 7512,7921,7321,212

7.511.39.2

21, 248

4 f981,8382,4991, 4053,7473,2711,024

8.62.99.7

26, 855

12, 3012,1361,3821,6734,0201,762

1,630

14, 5543,096

11, 458

27, 047

12, 8592,3341,5531,5784,2421,849

1,946

14, 1883,127

11, 061

46, 232

43, 5773,8672,8033,086

16, 3089,534

16, 184

2,655

4,586

12, 932

1,039

8716318750696

48, 103

2, 0467,841

18, 16714, 1125,937

53.4

49, 337

27, 9324, 0052,3782,9289,0263,345

6,5942,6511,7211,221

7.711.39.0

21, 405

4 6941 8572,4901,4233, 7603,2761,022

8.72.99.8

28, 667

13, 3952,3411,4961,6663,9291,722

2,674

15, 2723,420

11, 852

27, 903

13, 5302,4141,5581,6023,9751,703

2,835

14, 3733,196

11, 177

46, 079

43, 3883,9082,8043,068

16, 1259,391

16, 270

2,691

13, 633

1,271

99176215 :657124

47, 268

5,3066,771

12,141 i16, 1036,947

57.4

49, 297

27, 8774, 0582 4302,8968,9543,366

6, 5762,6231,7301,223

7.611.39 0

21, 420

4 6761,8612,4561,4193,7673,3241, 018

8.63.09 9

27, 368

13,4522,2651,4451, 3933, 6561,676

3,587

13, 9163,213

10, 703

27, 797

13, 5742,2621,4171,6014,0191,872

3,007

14, 2233,150

11,073

46, 718

43, 9294, 1742,9713,046

16, 0459,339

16, 649

2,789

12, 090

1,121

97176190550108

56, 718

5,8819,483

19, 49616, 5495,309

55.9 !

49, 179

27 8154,1112 £032,8978,9043,342

6, 5432,5481,7401,200

7.511.39 0

21, 364

4 6701 9202,4441 4433,7393 264

994

8.63 09 8

28, 033

13, 7962,2941,5341,4294,0521,885

3,501

14, 2373,026

11,211

28, 365

13, 6732,2101,4891 4584,0471,890

2, 9,^8

14, 6923,289

11, 403

46, 797

44, 0084, 3513, 1403,060

16 0129 381

16, 504

2,789

4,603

16, 458

1,082

88176185515118

57, 069

3, 59010, 05818, 41114, 39710, 613

51.3

49, 489

28, 1064,1802 5512,9629,0083,360

6, 5872 4901,7241,207

7.711.49 0

21, 383

4 7001 8812,4491 4F83,7273 281

998

8.63.09 8

28, 215

13, 8972,8352,0111,4623,8681,518

3,057

14, 3183,112

11, 206

28, 502

13, 9002,7271,9341, 5233,9371,564

3,038

14, 6023,143

11,459

47, 683

44, 8394,9913,7173, 105

16 0839 319

16, 286

2,844

18, 765

1,273

96188215642132

73, 564

6,5598,274

17, 06233, 1978,472

51.1

49, 921

28 4084,2672,6273,0089,0863,406

6,6732,5741,7121,207

7.811.49 2

21, 513

4 7521 8932,4571 ^523,7273 3071,022

8.63 09 9

28, 916

14, 7593,4502,5751,6014,2291,628

2,884

14, 1573,313

10, 844

29, 702

14, 9183,2362,4291 6854,1981,682

3,038

14, 7843,381

11, 403

49, 097

46, 0976,1214,7433,316

16 1879 279

15, 955

3,000

15, 745

1,161

104164207582104

58, 592

4,5476,911

17,44422, 3277,363

50.9 i

50,454

28, 9254,3412 6443,1209,2153,458

6,8542 6801,7191,216

8.111.59 3

21, 529

4 7971 8762 4631 4553 7023 3201 030

8.63 09 9

31,868

16 4523, 0332,0641,6885,1932,133

3,614

15, 4163,557

11, 859

30, 229

15, 3232,6811,7951 6084,8392,094

3,437

14, 9063,453

11, 453

50, 376

47, 2446,3624,8823,382

16 7859 621

16, 078

3,132

4,621

18, 119

1,263

117185210625126

65, 051

5,30411, 58922, 55820, 3485,252

50.4

51, 052

29, 3614, 3682 6453,1759,3463,508

7,0312 8261,7311,235

8.311.79 3

21, 691

4 8701 8682 4821 4633 6963 3671 015

8.73 0

10 0

30, 994

15 8582,6711,7381,6654 6791,791

3,792

15, 1363,442

11, 694

31, 206

15, 7962,8261 8291 6324,6321,822

3,655

15, 4103,662

11, 748

50, 485

47, 2926 0864, 5873 312

16 8549 667

16, 233

3,193

17, 554

1,292

121166202671132

71, 907

9,9948 623

16, 50122, 83913, 950

52.0

51, 599

29, 7344,3122,5743,2789,4823,557

7,1672 9551,7591,254

8.511 89 4

21, 865

4 9671 8732 4871 4823 7303 380

995

8 83 0

10 0

30, 281

15 1312, 5511 6501,6684,5901,716

3,333

15, 1503,524

11, 626

30, 541

15, 2412,4791,5861 6194,6261,744

3,498

15, 3003,524

11, 776

50, 093

46 6965 6264, 1443 262

16 9299 652

16,001

3,397 I

16,660

1, 135

10417219956793

50,917

3,33612 26210,83519, 6384,846

48.3

52,138

30 2274,2012,4473,3659,7253,648

7,3863, 1491,7641,276

8.911.99 5

21, 911

4 9281 8192,5321 4923 7683 3661 013

9.03 09 9

32, 302

16 9362, 5831,7311,7755 4092,370

4,039

15,3663,465

11, 901

31, 404

16, 1332,5781,7141 8114,9222,021

3,841

15, 2713,269

12,002

50 402

46, 9794 9503,5623 210

17 53010 154

16, 366

3,423

4,645

16, 157

1,244

111167203633130

49, 197

5,0698 519

12 14318, 2345,232

53.8

52, 241

30, 3494,1082,3543,4119,8023,667

7,3973,1751,8231,270

8.911.99 5

21, 892

4 8471 8382,5341 4573,8473 3141.075

9.03.19 8

29,449

14, 4241,749

9771,7934,6581,897

3,161

15, 0253,203

11, 822

30, 827

15, 4932,0181, 1491 7934,8931,928

3,631

15, 3343,384

11,950

50,605

47,1834 9143,5403 243

17 83810 341

16, 049

3,422

16, 562

1,071

100137203518113

51, 197

3,14711 32814 59217, 0525,078

49.2

r 52, 116T 30 145

r 3, 980r 2 254••3 328' 9, 826••3 680r 7 333r 3 153r 1 841r 1 261

8.711 99 5

r 21, 971

r 4 333r 1 gg5r 2 495r i 473r 3 907r 3 332r 1 113

r 9 03 19 9

••28 493

r 13 120r 1 633

r 902r 1 796r 4 393r 1 794

r 2 342r 15 373

r 3 399r 11, 974r 28 951r 13 974

r 1 689r q20

r 1 710'4 623r 1 927

r 3 185r 14 977r 3 237

r 11 740

r 50 573

r 47 254r 5 332r 4 025r 3 22917' 828

r 10 312

r 15 743

f 3 319

14,329

1 135

122181187 '542103

54,501

3 160 '12 06118 55915,3625,359

53.3

51, 813

29 7493 9372 2073 1049,7453 621

7 2233 1091 8631 278

8.311 99 5

22 064

4 8521 9452 5461 4663 9423 2°81 134

9 03 1

10 0

30 376

14 3261 8131 0121 9644' 9382 131

2 666

16 0503 514

12, 536

30 641

15 0181 9651 1371 8535*2112 237

3,130

15 6233 549

12 074

51 071

47 8675 9394 6023 263

18 00510 418

15 661

3 204

4,6661 14 592

1 144

93191192563105

54, 736

3 07712 59515 97416 0986 992

58.4

r Revised. * Including Hawaii, 14,664. 9 Includes data not shown separately. ©Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for othernondurable goods industries are zero. IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders. cfData arefrom Dun & Bradstreet, Inc.




1958


berDecem-

ber

1959

Janu-ary


ber October

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS }Prices received, all farm products 1910-14=100

Crops doCommercial vegetables _ doCotton doFeed grains and hay _ doFood grains do

Fruit ._ _ doOil-bearing crops _ _ _ __ do __Potatoes (incl. dry edible beans) doTobacco _ do _ _

Livestock and products _doDairy products __ _ doMeat animals doPoultry a n d eggs _ _ _ _ _ _ d oWool 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')

All items 1947-49=100Special group indexes:*

All items less food doAll items less shelter doAll commodities do

Nondurables doDurables do

Services do

Apparel doFood 9 do

Dairy products doFruits and vegetables doMeats, poultry, and fish do

Housing 9 doGas and electricity doHousefurnishings doRent do

IVtedical care doPersonal care do

Reading and recreation doTransportation do

Private doPublic do

Other goods and services do

WHOLESALE PRICES d"(U.S. Department of Labor indexes)

All commodities _ _ 1947-49=100By stage of processing:

Crude materials for further processing doIntermediate materials, supplies, etc __doFinished goods O do

By durability of product:*Nondurable goods— _ doDurable goods do

Farm products 9 — - _do__Fruits and vegetables, fresh and dried do_—Grains doLivestock and live poultry do

Foods, processed 9 __ __ do_ _Cereal and bakery products __ __ doDairy products and ice cream doFruits and vegetables, canned and frozen do_—Meats, poultry, and fish do

Commodities other than farm prod, and foods__do-—

Chemicals and allied products 9 doChemicals, industrial. __ _ __ do_Drugs and Pharmaceuticals doFats and oils, inedible doFertilizer materials do___Prepared paint do

Fuel, power, and lighting materials 9 do_—Coal doElectric power January 1958—100Gas fuels doPetroleum and products _ 1947-49=100

Furniture, other household durables 9 __ doAppliances, household do.—Furniture, household doRadio receivers and phonographs doTelevision receivers do—

255

228182292157196

320217124485

278263340171204

274286265

294

87

123.7

125 8121 5116 4118.7110 3143.0

107.1120.3114.1120 7115.8

127 9118 0103 6138.2146 5128.7

116 6141 3130.4189.8127 1

119.1

98.4125.4120 9

106.1143.2

93.197.976.191.5

111.1117.8113.7111.4107.1

126.2

109.9122.794.461.7

104.3128.2

114.1122 7100.8104 1119.7

123.0104.0122.891.371.2

249

221205281149201

267212111499

274270333162203

274287265

294

85

123.7

126 0121.5116 4118.4111 2143.1

107.3119.7114.5121 0114 6

127 9118.1103 4138.3147 1128.8

116 6142 7131.8190.4127 2

119.0

98.0125.4120 6

105.6143.7

92.3101.576.888.4

110.0118.2113.5112.1103.5

126.4

110.2123.693.962 6

106.3128.2

113.0123 8100.9106 3117.5

123.0104.2123.091.371.2

247

218234273143201

241210121498

273272329161202

274288263

294

84

123.9

126 5121 7116 6118 2112 8143 4

107.7119.4114 5121 1113 5

128 0118 1103 5138 4147 4129 1

117 0144 5133.6191 1127 3

119.2

98.4125.7120 6

105.5144.4

92.198.175.390. 1

109.5118.0113.4112.9102.5

126.8

110.2123.693.264 7

105.2128 2

112.6123 8100.8106 0116.9

122.7103.8123.790.269.3

244

213220256151199

217214126504

270270328155199

274287265

295

83

123.7

126 5121.5116 3117.8112 9143.5

107.5118.7114.3120 1113.0

128 2118.2103 6138.7147 6129.0

116 9144 3133.3191.8127 3

119.2

97.0126.3120 5

105.4144.5

90.699.276.187.6

108.8117.4113.5113.0101.4

127.2

110.0123.793.261 5

105.3128 2

112.9123 7100.7107 8117.2

122.8103.8123.989.669.3

245

215267238152199

211218129499

270264328161200

276288268

298

82

123.8

126 4121 5116 2117.8112 4143.9

106.7119.0114.1121 7113.8

128 2118 2103 2138.8148 0129 4

117 0144 1133.1191 8127 3

119.5

98.1126.3120 8

105.7144.7

91.5102.576.190.3

108.7117.5113.0110.8103.3

127.5

110.2124.093.059 9

107.6128 2

113.9125 3100 7112 7118 2

123.3105.0124.189.170.2

243

218268238154203

225221123505

265258322159197

275288267

297

82

123.7

126 7121 4116 0117 6112 2144.2

106.7118.2114.0121 2112.6

128 5118.5103 8139.0149 0129.8

117 1144 3133.3191.8127 4

119.5

98.0126.5120 7

105.5145.1

91.1105.977.088.4

107.6117.7113.0110.6100.9

127.8

109.9123.793.058 9

107.5128 4

114.8126 2100 8112 0119 5

123.3104.8124.189.170.2

244

220264254155205

218223117505

264249327154197

276287267

298

82

123 7

126 9121 4115 9117 4112 5144 4

107.0117.7113 8120 7111.3

128 7118 5103 8139.1149 2129.7

117 3144 9134.0192 0127 3

119.6

98.9126.7120 6

105.6145.4

90.893.677.791 1

107.2119.0113 0111.299 6

128.1

109 8123.692 860 3

107.5128 4

115.0124 6100 9113 1119 9

123 5105.0124.189.769.6

244

223261264161205

210225135508

261240336135220

276287269

299

82

123.9

127 1121.5115 9117.4112 6144.8

107.0117.6112.9123 6111.5

128 7118.2103 8139.3149 6130.0

117 7145 3134.4192 6128 2

120.0

99.6127.2120 8

106.2145.4

92.4114.279.791 9

107.2118.9112 0110.6100 8

128.3

110.0123.992 960 4

107.5128 3

114.0119 3100 8108 6119 4

123 4105.1123.489.769.6

245

230254269163205

223230217508

258232338126240

276288268

299

82

124.0

127 3121 6115 9117 4112 7145 2

107.3117.7112.6125 6111.6

128 8118.7103 7139.3150 2130.7

117 8145 4134.5192.7128 4

119.9

98.5127.4120 6

105.8145.8

90.8107.078.690 6

107.7119.5111 7110.4101 4

128.4

110 0123.893 160 4

107.5128 3

113.4118 9100 9109 9118 3

123 5105.0123.789.769.6

242

229213266163199

223228297509

252229329124241

276288267

298

81

124.5

127 5122.2116 6118.2112 8145.4

107.3118.9112.3134 5111.6

128 9119.3104 1139.5150 6131. 1

118 1145 9134.9192.7129 2

119.7

98.1127.1120 5

105.2146.1

89.8100.978.289 5

108.1119.2111 9111.1101 9

128.2

110 0123.893 458 4

107.6128 3

111.2119 8100 8106 8115 0

123 6104.9124 089.969.6

240

226215287161200

206222232503

252239314139248

275289266

298

81

124.9

127 9122.7117 0118.7113 1145.8

107.5119.4113.3130.8112.0

129.0119.5104.0139.6151.0131.3

119 1146.3135.2194.2130.8

119.5

96.4127.2120.7

105.0146.1

88.498.578.284.8

107.5119.5113.9110.699.3

128.4

109.9123.993.555 3

107.4128 3

111.1121 1100 8105 8114 8

123 8104.4124.290.370.9

239

221214281159201

211214164504

254251314139249

275288266

297

80

124.8

128.2122.4116.6118.3112.8146.3

108.0118.3114.1125.6109.9

129.3120.1103.6139. 8151.4131.7

119 1146.7135.5194.9131.1

119.1

95.6127.0120.2

104.4146.2

87.192.877.783.1

105.8119.5114.7107.694 8

128.4

109 7123.7'•93 6

53 8104.8128 3

112.2122 0100 6109 2116 2

123 5104.4124 289.870.1

239

220214280156198

230204146510

256265307143244

274••288••265

297

80

i 125. 2

128.7122.9117.0118.8112.8146.9

109.0118.7115. 5124.1110.4

129.7121.6104.0140.0152.2132.1

119.6146.4135.3194.9131.5

•• 119. 7

95.9126.9121.4

105.0146.4

88.9103.176.282.1

107.8119.5116.2

' 106. 8'99.7

128.4

109.9123.8r 93. 7

55 0105.2128 3

111.9r 123 o

100 8112 8115 1

r 123 4' 104. 3»• 124 1

87.770.1

235

219241274149203

214208147505

248273291138235

275290264

296

79

119.2

94.4127.1120.6

104.3146.4

86.5102.275.778.5

106.4120.3116. 7107.395.1

128.5

110.0123.993.854 6

106.3128 3

111.4123 4100 7111 1114 5

123 4104.0124 287.770.1

r Revised. * Index based on 1935-39= 100 is 209.3. ^Revisions for 1952-58 are on p. 24 of this SURVEY. §Ratio of prices received to prices paid (including interest, taxes, and wage rates),*New series; data prior to August 1958 are available upon request. 9 Includes data not shown separately. d*For actual wholesale prices of individual commodities, see respective com1

modities. O Goods to users, including raw foods and fuels.


November 1959 SURVEY OF CURRENT BUSINESS S-7


1958


berDecem-

ber

1959

Janu-ary


ber October

COMMODITY PRICES—Continued

WHOLESALE PRICESd*— Continued

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

Hides, skins, and leather products 9 - 1947-49 =100__Footwear _ doHides and skins doLeather _ _ do

Lumber and wood products _ doLumber do

Machinery and motive products 9 doAgricultural machinery and equip doConstruction machinery and equip doElectrical machinery and equipment _ __do _Motor vehicles do

Metals and metal products 9 doHeating equipment ... _ d oIron and steel doNonferrous metals do

Nonmetallic minerals, structural 9 doClay products _ _ doConcrete products doGypsum products _do

Pulp, paper, and allied products doPaper _ do

Rubber and products doTires and tubes _ do

Textile products and apparel 9 .. doApparel doCotton products. _ doSilk products _ __ _ do. __Manmade fiber textile products doWool products _ _ do

Tobacco mfs. and bottled beverages 9 doBeverages, alcoholic doCigarettes do. __

Miscellaneous doToys, sporting goods _ ... __do

PURCHASING POWER OF THE DOLLAR

As measured by —Wholesale prices 1947-49=100Consumer prices do

100.2121.959.091.3

120.4121.0

149.4138.9166.0152.7139.0

151.3121.5171.8127.3

136.7158.2127.9133.1

131.7141.8

« r 145. 4152.8

93.399.387.9

115.879.799.6

128.0120.1134.892.5

118.6

84.080 8

101.4122.862.092.8

120.8120.8

149.9139.2166.8152.7139.7

152.2121.4171.4130.8

136.7158.2128.1133.1

131.9142.0

r 146. 3152.8

93.299.387.8

107.179.798.4

128.8121.7134.891.2

118.6

84.080 8

102.3122.965.194.7

120.0120.2

151.2141.8168.0152.4142.8

153.0121.4172 0133.7

136.7158.4128.1133.1

131.9142.1

T 146. 7152.8

93.199.288.0

106.079.397.9

128.7121.7134.893.2

118.6

83.980 7

103.6123.166 699.2

119.8120.1

151.5142.9170.3152.4143. 1

153.0121.8171 7133.2

136.9158.8128.4133.1

131 3142.1

r 145. 6152.8

93.399.388.6

105.179.497.5

128 6121.7134.8100.9118.6

83.980 8

104.1123.268 799.3

120.5121.0

151.8142.9170.9152.6143.1

152.9121.8172 0133.2

137.2159.3128.6133.1

131 5142.1

r 145. 2151.9

93.399.388.7

104.779.397.3

128 6121.7134.8100.8117.8

83.780 8

105.4123.373 0

101.0122.5123.1

152.0143.0171.4152.5143.2

153.4122.0172 5134.1

137.5159.6129.0133.1

131 7142.1

r 145. 4151.9

93.799.389.6

109.379.897.6

128 9121.7134.898.5

117.9

83.780 8

108.5123.687.7

103.6124.2125. 5

152.2143.1171.9153.1143.2

153.6121.9171 9136.1

137.7159. 9129.3133.1

132 0142.1

r 146. 0151.9

93.999.390.2

112.180.197.7

132 1121.7134.897.0

117.2

83.680 8

117.8128.2108 5120.4126.3126.8

152.1143.0172.0153.0143.2

152.8121.7170 8134.7

138.3160.0129.4133.1

132 2143.3

r 146. 7151.9

94.199.390.3

113.680 699.4

132 2121.7134.898 8

116.9

83.380 7

118.5129.598 6

124.5128.2128.9

152.5143.5171 9154.1143 2

153 0121.7170 4136.2

138.4160.1129 7133.1

132 0143.3

r 148 0151 9

94 599.690 8

114.081 0

100 1

132 2121 7134.895 2

117.0

83 480 6

118.9130.2106 7120.1128.9130.4

153.0143.5171 9154.2143 2

153 3121.7171 3136.1

137.4160.4129.7133.1

132 3143.3

r 146 6150 0

94 999.691 6

114.281 5

102.2

132 2121 7134.891 0

117.0

83 580 3

119.3130.6107 7118.7128.3129 9

153 6143.4172 0156. 1143 2

152 7121 7171 8133 8

137 5160.6129 9133.1

132 4143 6146.4150 0

95 399.991 9

113.482 2

103 3

134 5126 8134 892 9

117 5

83 780 1

119.7132.3106 9117.3128.5130.3

153.8143.4172.2155.8143.2

152 8121.6171 9133.9

137.4160. 5129.7133. 1

132 3143.7

T 141.0134 3

95 7100.492 1

113.782 3

104.3

134 5126 8134.892 0

117 7

84 080 1

' 119. 1132.3102.4117.1127.2129.3

153.9r 143. 5r 172. 6r 156. 1

143.2

r 153 8r 121. 4

172 4r 136. 1r 137. 5

160. 5r 130. 2

133.1

132 4143.8

r 142. 0134.3

95.9100.6r92 6113.282 1

104.7

134 5126 8134 888 6

117.7

r 83 5i 79 9

116. 5133.587 5

112.2126.2127.9

153.6143.4172.6156.0142.0

154 5121.5173 0137.2

137.5160.4130 3133.1

132 5144 3142.3133 3

95 9100. 793 0

114.281 0

104. 1

134 5126 8134 891 8

117 7

1 83 9

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE

New construction (unadjusted), total mil. of dol_

Private, total 9 . do

Residential (nonfarm) 9 doNew dwelling units _ _ doAdditions and alterations do

Nonresidential buildings, except farm and publicutilitv, total 9 . mil. of dol

Industrial doCommercial do

Farm construction doPublic utility do

Public, total do

Nonresidential buildings doMilitary facilities.-- doHighway doOther types do

New construction (seasonally adjusted), total do

Private, total 9 do

Residential (nonfarm) do _Nonresidential buildings, except farm and public

utilitv, total 9 _ mil. of dolIndustrial doCommerciaL _ do

Farm construction do_ _Public utility do

Public, total 9 do

Nonresidential buildings doMilitary facilities _ _ _ doHighway do

4,745

3, 157

1,7461,327

366

736167318157500

1 588

427155627379

4,105

2,821

1,535

697167297131442

1,284

387124442

4,760

3,176

1,7881,362

370

743167322131497

1 584

429164620371

4,198

2,872

1,590

694165295131440

1,326

397134457

4,532

3,142

1,7881,375

354

754170331112471

1 390

386166494344

4,356

2,948

1,653

702167298132443

1,408

395160510

4,139

2,941

1 6791,329

291

71616831098

432

1 198

367118388325

4,451

3 030

1,733

699166300131449

1 421

400135524

3,750

2 620

1 4711, 170

243

655165273109371

1 130

359107348316

4, 605

3 113

1,793

691160304147464

1 492

396127600

3,530

2 498

1 3741,080

238

636160268112364

1 032

32691

319296

4,639

3 127

1,812

694160308144461

1 512

397125613

3,862

2 735

1 5621,230

276

625154270124411

1 127

367100328332

4,683

3 181

1,867

685156305146467

1 502

395133596

4,300

3 015

1 7991 370

372

627150276137439

1 285

385119419362

4,683

3 259

1 952

688153311144461

1 424

388143517

4,761

3 292

1 9721 473

438

687154320158460

1 469

386144549390

4 718

3 300

1 981

716157334143447

1 418

300144513

5,161

3 524

2 0961 583

448

762161364175474

1 637

408159654416

4 705

3 987

1 939

742163344146446

1 418

381139511

5,243

3 633

2 1511 625

458

801167379185477

1 610

407130673400

4 658

3 288

1 924

764170351146438

1 370

380116510

5 291

3 642

2 135l' 614

450

811175369189488

1 649

410135695409

4 581

3 245

1 875

772175347145436

1 336

370114504

5 097

3 533

2 1001 590

440

773166352174466

1 564

382136657389

4 418

3 162

1 851

734168329146413

1 256

3A6108466

r Revised. " Preliminary. ° Revision for August 1958: 144.6.i Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 43.9 (October); consumer prices, 47.8 (September).cf See corresponding note on p. S-6.9 Includes data not shown separately.



Unless otherwise stated, statistics through 1958 anddescriptive notes are shown in the 1959 edition ofBUSINESS STATISTICS Septem-

ber

19

October

58

Novem-ber

Decem-ber

Janu-ary

Febru-ary March April

195

May

9

June July August Septem-ber October

CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION CONTRACTS

Construction contracts in 48 States (F.W. Dodge Corp.) :Valuation, total mil of dol

Public ownership doPrivate ownership doBy type of building:

Nonresidential „ doResidential. _do __Public works doUtilities .do

Engineering construction:Contract awards (ENR)§_ „ .mil. ofdoL.

Highway concrete pavement contract awards :cfTotal thous. of sq. yd

Airports __ __do __Roads doStreets and alleys _ _ _do _

NEW DWELLING UNITS

New permanent nonfarm dwelling units started:Unadjusted:

Total, privately and publicly owned__ .thousands..

Privately owned, total doIn metropolitan areas _do

Publicly owned doSeasonally adjusted at annual rate:

Privately owned, total do

Residential construction authorized, all permit-issuingplaces:

New dwelling units, total thousandsPrivately financed total do

Units in 1-family structures doUnits in 2-family structures doUnits in multifamilv structures do

Publicly financed, total do

CONSTRUCTION COST INDEXES

Department of Commerce composite* 1947-49= 100American Appraisal Co., The:

Average, 30 cities 1913=100Atlanta doNew York doSan Francisco --. do __St Lonis do

Associated General Contractors (all types) do __E. H. Boeckh and Associates:!

Average, 20 cities:Apartments, hotels, and office buildings:

Brick and concrete U.S. avg. 1926-29=100..Brick and steel . __do ...Brick and wood, do ._

Commercial and factory buildings:Brick and concrete.-. . do __Brick and steel doBrick and wood _ doFrame doSteel do _

Residences:Brick doFrame. .. __ do

Engineering News-Record:©Building 1947-49=100 .Construction do

Bu. of Public Roads— Highway construction:Composite, standard mile (avg. for qtr.)._1946=100__

CONSTRUCTION MATERIALS

Output index composite unadj 9© 1947—49 — 100Seasonally adjusted 9 0 do

Iron and steel products unadj doLumber and wood products unadj © doPortland cement, unadj do

REAL ESTATE

Home mortgages insured or guaranteed by-Fed Hous Adm * Face amount thous of dolVet Adm • Face amount do

Federal Home Loan Banks, outstanding advances tomember institutions mil. of dol

New mortgage loans of all savings and loan associa-tions estimated total mil. of dol

By purpose of loan:Home construction doHome purchase - doAll other purposes do

New nonfarm mortgages recorded ($20,000 and under),estimated total mil. of dol__

Nonfarm foreclosures numberFire losses thous. of dol__

3,216

1,0492,167

8921,460

541323

1, 348

10, 354512

6,6093,233

121.0

110.976.910.1

1, 255. 0

101.093.675.33.4

14.87.4

139

690756741639671504

296.9288.0285.6

308.5307.2286.2281.8293.2

286.3276.5

158.7171.1

139.2

137.9131.9131.4131.3189.0

479 877189, 350

1,010

1,215

401537277

2,5963,820

73, 303

3,309

1,0712,238

9551,595

532228

1,621

7,905143

5,1892,572

115.0

112.978. 32.1

1, 303. 0

100.898.779.03.7

16.02.1

140

691756741640671504

298.3289.6286.7

309.7308.1287.1282.7293.8

287.3277.5

158.2170.9

145 0128. 5134.2142.8196.5

500 786239, 396

1,083

1,290

428570291

2,8573,881

73, 393

2,594

9271,667

7751,206

51895

1,112

8,589604

5,6972,288

109.4

107.072.32.4

1, 427. 0

83.181.060.63.3

17.12.1

139

691756741641671504

298.8290.1287.0

310.1308. 7287.4282.9294.4

287.5277.7

158.2170.8

119 4124.9112. 1117.9167.7

|457, 422216, 058

1,123

1,053

345469239

2,4323, 339

71, 539

2,282

8871,395

74898148172

1,352

10, 261794

6,7752,692

91.2

89.562.8

1.7

1. 432. 0

69.367.750.22.9

14.61.6

139

692756741641671504

299.6290.7287.4

311.2309.5287.8283.2295.0

288.0278. 0

158. 6171.8

141.6

113.4131.4108.2117.0141.1

510, 264257, 108

1,298

1,136

376488272

2,6293,522

100, 523

2,319

8001,519

8181,022

372108

1,641

8,9642,0764, 7752,114

87.0

84.159.72.9

1, 364. 0

71.368.549.03.2

16.32.8

139

693756753641672505

301.1291.9288.5

312.8310.7288.9284.5295.9

289.2279.1

158.9171.9

116.1124.2109.8121.5111.3

585, 280276, 178

1,146

1,013

317442254

2,3523,801

112, 983

2,307

8001,507

7041,073

403126

1,314

6, 756996

4,5311,229

94.5

93.560.81.0

1, 403. 0

72.371.452.53.4

15.4.9

140

693765753641672506

301.2292.1289.3

312.9310.9289.5285.7296.0

290.0280.2

159.8172.5

114.3129.5110.0119.0100.0

506, 322238, 320

1,101

1,012

326429257

2,2453,307

98, 120

3,340

8692,471

9131,541

478408

1,644

7,255981

4,3331,941

121.0

118.180.22.9

1, 403. 0

109.6108. 481.45 5

21.51.2

140

694768753641672507

301.4292.2289.5

313.0311.0289.7286.0296.1

290.2280.4

160.6173.2

140.8

137.6142.7140.0131.4145. 5

529,826260, 493

1 1, 087i

1,257

439515303

2,5863,933

99, 610

3,778

1, 2072,571

1,1871, 831

638122

1,905

9, 171848

5, 1153,207

142.2

137.493.34.8

1, 434. 0

122.9119.188.45.3

25.33.8

140

696768753644672509

302.8293. 5290.9

314.7313.0290.8287.7298.6

291.6282. 0

161.0174.5

149.9147. 5160. 8142. 6174.0

490, 161230, 597

1,183

1,359

480562317

2,7763,841

90, 689

3,542

1,0942,447

1,0721,677

632161

1,967

9,338809

5,0153, 515

137.0

133.591.83.5

1, 370. 0

113.6110.684.1

4 821.72.9

141

703771754658688511

304.7295.2292.3

316.7314.7292.3289.1299.9

293.1283.3

162.2175.5

152.1141.9162.1141.5200.0

477. 597211, 489

1,246

1,434

522601311

2,7683,876

81, 597

3,659

1, 1672, 492

1, 0551,762

604238 I

1,877

10. 2221,088 |5,7923.342

136.7

131.190.55.6

1, 368. 0

112.9109.485.24.4

19.73.5

142

705771755658688516

307.6297.5294.3

319.7317.3294.1291.1301.7

295.0285.0

163.2178.1

137.1

161.6151.1191.2144.3200.1

520, 515221, 169

1,537

1,555

554674327

2,9743,946

77, 867

3 657

1 1862,470

1,1911, 690

631144

2,482 !

11, 734977

6,6424,116

128.8r 127. 2

87.31.6

1,375.0

102.7101.980.4

4 117.4

.8

142

707771769658689522

308.4298.2295.0

320.5318.0294 7291.8302. 2

295.6285.6

163.9179.1

136.1140.0106.1139.6204.5

523, 850227, 297

1,557

1,529

520695315

3,100

82, 334

3 084

8502 234

9611,551

458114

1,495

6,971464

2. 4694,039

»• 129. 3

'• 124. 5* 84. 1

4.2

1, 340. 0

97.496.776.43.7

16.6.7

142

709771769659690522

308.9298.6295.3

321.0318. 4295.0292.0302. 5

296.0285.9

164.4179.4

208.2

503, 596202, 142

1,665

1,421

472662287

2,871

74, 660

3,058

8402,218 1

1,0061. 460

379207

1,538

6,703283

3, 0003, 420

120.4

117.081.43.4

1, 325. 0

143

709772776660689525

309.2298.8295. 5

321.2318 (i295. 1292.2302. 6

296.2: 286. 1

: 164. 3\ 179. 1

137.3

i

510, 029

1,795

1,374

451645278

2,834

83, 027

1,494

4, 604i -21S

2, 5652, 252

105. 1

102.173.53.0

1, 180. 0

712778778669690526

309.1298.8295. 4

321.2318 6295. 0292 2302.6

296.2286.1

163.9178.8

r Revised. v Preliminary. l Negative figure due to termination of contract reflected in earlier data.§ Data for October 1958 and January, April, July, and October 1959 are for 5 weeks; other months, 4 weeks.'cf Data for September and December 1958 and April, July, and September 1959 are for 5 weeks; other months, 4 weeksJ Minor revisions prior to 1958 are available upon request. ^Copyrighted data; see last paragraph of headnote, p. S-l. OData reported at the beginning of each month are shown here

for the previous month. 9 Includes data for items not shown separately. ©Revisions for 1955-58 are shown in the September 1959 SURVEY.




1958


berDecem-

ber

1959

Janu-ary


ber October

DOMESTIC TRADE

ADVERTISING

Printers' Ink advertising index, seas, adjusted:Combined index _ __ 1947-49=100

Business papers doMagazines do

Newspapers _ _ - do __Outdoor doRadio (network) doTelevision (network) 1950-52=100 -

Tele vision advertising:Network:

Gross time costs total thous of dolAutomotive, including accessories doDrue's and toiletries doFoods, soft drinks, confectionery do _

Soaps, cleansers, etc - - - --do __Smokino; materials doAll other - do

Spot:Gross time costs, Quarterly total - - - do

Automotive including accessories doDruers and toiletries doFoods ôft drinks confectionery do

Soaps cleansers etc doSmoking materials _ _ _ doAll other do

Magazine advertising:Cost, total do

Apparel and accessories _ do __Automotive, incl accessories doBuilding materials _ _ _ . _ doDrugs and toiletries doFoods, soft drinks, confectionery _ _ _ do _

Beer, wine, liquors . _ _ _ do_Household equip., supplies, furnishings doIndustrial materials doSoaps, cleansers, e tc - _ - _ _ _ - doSmoking materials - doAll other _ _ - . _ _ do _

Linage, total. _ ___ ._ thous. of lines

Newspaper advertising linage (52 cities), total... doClassified - - doDisplay, total _ _ _ _ _ _ _ _ _ _ d o _ _ .

Automotive doFinancial _ _ _ _ _ d oGeneral doRetail do _

PERSONAL CONSUMPTION EXPENDITURES

Seasonally adjusted quarterly totals at annual rates:Goods and services, total bil. of dol

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

N endurable goods, total 9 doClothing and shoes _ _ - d o __Food and alcoholic beverages doGasoline and oil do _

Services total 9 doHousehold operation doHousing _ _ _ _ -do_Transportation - do

RETAIL TRADEAll retail stores:

Estimated sales (unadjusted), total- . . mil of dol

Durable goods stores 9 - doAutomotive group - do

Motor-vehicle, other automotive dealers do - _Tire, battery, accessory dealers do

Furniture and appliance group doFurniture, homefurnishings stores _ _ doHousehold-appliance, TV, radio stores. .do. _

Lumber, building, hardware group do __Lumber, building-materials dealers do_ _Hardware stores _ _ _ _ _ d o

Nondurable goods stores 9 . doApparel group _ do_ _

Men's and boys' wear stores doWomen's apparel, accessory stores _ _ - d o _ _ _Family and other apparel stores. do_. _Shoe stores. _ _ _ d o

200218143

18014529

400

42, 4] 73,870

11,3639,133

4,8154,9338,303

113,1841,438

22, 37832, 282

16,0158, 330

32, 741

61, 2247,*502,7423,4785, 8266,879

3, 1664,4463,916

9722,561

19, 789

4,990

224, 64253, 406

171,236

8,9383,522

29, 608129, 167

294.4

37.113.217.6

143.126.776.610.7

114 217.038.49.1

16, 326

5,0802 4472,259

188

850546304

1,038812225

11,2461,042

167418256200

215217162

20216928

430

52, 5265,178

14, 53710, 783

5,0845,948

10, 995

71, 5295,2736,3552,6847,0269,080

4,0717,0993,9801, 6522, 536

21, 771

4,942

259, 22655, 071

204, 155

17 0924,131

39 486143, 447

17 360

5,3792 6132,407

205

932609323

1,083841242

11 9811,135

198457287194

208221156

17915627

433

52, 0093, 999

13, 96211,032

4,8166,771

11, 430

74, 9154,4109,7272,5347,3739,617

4, 5066, COS3, 6751,0162,709

22, 738

4,678

252, 86253, 268

199, 594

13 5653,672

33 309149, 047

17 039

5,3432 7562, 561

195

937613325

929704225

11 6961,119

210451273185

211218161

18114528

447

53, 9393, 642

15,40811,874

5,5546,031

11,430

149, 1051, 930

30, 69652 191

18 2615,800

40, 221

54, 2613,4794 831

6954 9227, 141

6, 3993, 6472,708

4992, 366

17, 574

3,637

230, 97845, 796

185, 182

8 4584,264

2<* 451148, 008

299.1

39 815.717.8

143 626.677 010.7

115 717. 239.0

9 2

21 174

6,3903 2142,965

249

1,176723453

919631288

14, 7841,854

391744459260

215232162

18813528

444

52, 0763,884

1 5, 37012, 064

5,4536,7648,541

41, 0701, 7674 9501,0053 7405,578

1,7132,2712,455

3941,777

15, 421

4,069

193, 52551 , 738

141, 787

8 8535 721

22 058105, 155

16 225

5,1213 0172,856

161

784486298

697523174

11 104868172359183154

219225165

195154

24461

48, 8853, G32

13, 86310, 848

5, 4216, 1129,010

56, 4002, 9354 6442,7835 8279,071

2,9653, 6812,894

8802,290

18, 429

4,510

196, 09650,742

145, 353

9 1723,598

27 607104, 976

14 961

4,9272 8992,748

151

746475271

684517167

10 034750138322160130

219232157

19912728

474

55. 5594,009

15, 46811,643

6, 1237, 025

11,290

156,4191,816

33. 03954, 125

21, 2688,109

38, 062

70, 0804,8887,4283,3176,7239, 145

4,3265,3063,8161,3222, 426

21, 384

5,320

236, 45959, 326

177, 134

12 1504,801

30 720129, 463

303.9

41 317.217.7

145 326.777 811.0

117 417.339.69 3

17 190

5,8313 4643,283

181

808521287

844651193

11, 3591,101

171455257218

230232164

22215736

467

52, 1434, 154

13 87410,015

6,0196,059

12, 022

73, 8625,2447 9734,6356 0388,042

3,9317, 6744,4091,3922,082

22, 441

5,278

255, 00263 152

191, 850

15 7104 783

35 590135 767

17 589

6,2083 5663,349

217

839555284

1,041796245

11 381996179418217182

226243165

20616530

458

52 2113, 987

14, 47310, 142

5,4596 138

12, 013

73 9225,0428 4373, 7246 5018,316

4, 1 957,7974, 6901, 0462, 366

21, 809

4,747

263, 82668 279

195, 547

16 6034 091

35 738139 115

18 600

6 4353 6963,471

225

899585314

1,093830263

12 1651,128

213461246208

225235171

19815627

471

48 5273,406

14 4229,724

5, 3235 8299,822

158, 9045 744

26 49151 023

23 3227,770

44, 554

66 4052, 6697 6453, 4237 3519 128

4 2245, 9634 4231,0022 546

18, 031

4,067

236, 97263 289

173, 682

15 5145 212

31 373121 584

311 2

44 118 818 8

147 727 879 011 1

119 417 640 39 3

18 708

6 8263 8803 641

239

978619359

1 138876262

11 8821 077

226410243198

233226185

21615924

474

48 1363,000

13 96110, 144

5, 6686 1899,173

46 054683

4, 8701, 6745 5667,926

3,5873,0143, 675

6081,882

12, 569

3,420

220, 35163, 390

156, 961

14 3985 035

25 831111,698

18 332

6 4193 5793,343

236

916574342

1,135895240

11 913924184356213171

222235175

197165

19437

46 7433 271

13 4358 971

5 2196 3529 496

51 0254, 4834 2501,4045 1578 292

3,1273, 5543 539

4792 448

14, 292

4,603

234, 38167 880

166, 501

12 9593 399

24 390125, 754

18 054

6 2403 4103, 178

232

942597345

1,092863229

11 814958172377231178

69 7097 4823 8284 7786 3257 782

4 1356,0024 826

6912 518

21, 343

5,434

246, 91464 199

182, 715

12 2454 014

32 411134 045

313.3

43 618 218.9

148 027.878 811.3

121 617.841.09 5

r 17 570r 5 709T 2 878

2, 668210

'921573348

1,093866227

T 11 861T 1, 120

190428275227

i 19 0241 6 371i 3 474

11,003

i 12 653i 1, 200

•"Revised. 1 Advance estimate. 9Includes data not shown separately.


S-10 STJKVEY OF CUKEENT BUSINESS November 1959


1958


berDecem-

ber

1959

Janu-ary


ber October

DOMESTIC TRADE—Continued

RETAIL TRADE— Continued

All retail stores— ContinuedEstimated sales (unadjusted)— Continued

Nondurable goods stores — ContinuedDrug and proprietary stores mil. of dolEating and drinking places doFood group do __

Grocery stores doGasoline service stations _ do _ _

General merchandise group 9 doDepartment stores, excl mail-order doMail-order (catalog sales) - - do__ _Variety stores do

Liquor stores do _

Estimated sales (seasonally adjusted), totaL.do

Durable goods stores? doAutomotive group do

Motor-vehicle, other automotive dealers doTire, battery, accessory dealers _ __ --do

Furniture and appliance group doFurniture, homefurnishings stores do _Household-appliance, TV, radio stores do

Lumber, building, hardware group. _ _ do __Lumber, building-materials dealers _ do._Hardware stores _ do _ _

Nondurable goods stores 9 doApparel group do

Men's and boys' wear stores do _Women'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 doGasoline service stations .. do

General merchandise group 9 doDepartment stores, excl mail-order doMail-order (catalog sales) - _ doVariety stores do _

Liquor stores -do ..

Estimated inventories:Unadjusted, total __ __ do

Durable goods stores doNondurable goods stores do

Seasonally adjusted, total doDurable goods stores 9 do

Automotive group doFurniture and appliance group do_ _ _Lumber, building, hardware group do ___

Nondurable goods stores 9 doApparel group doFood group doGeneral merchandise group do

"Firms with 4 or more stores:Estimated sales (unadjusted), total _do

Firms with 11 or more stores:Estimated sales (unadjusted) 9 -- do

Apparel group 9 _ do _Men's and boys' wear stores doWomen's apparel, accessory stores.. ... doShoe stores do _

Drug and proprietary stores doEating and drinking places doFurniture, homefurnishings stores do

General merchandise group 9 _ doDepartment stores, excl. mail-order _ doVariety stores do

Grocery stores doLumber, building-materials dealers doTire, battery, accessory stores do

Estimated sales (seas, adj.), total 9 do

Apparel group 9 doMen's and boys' wear stores . doWomen's apparel, accessory stores do __Shoe stores . _ _ _ d o

Drug and proprietary stores doEating and drinking places _ _ doFurniture, homefurnishings stores. . do

General merchandise group 9 doDepartment stores, excl. mail-order .-doVariety stores do

Grocery stores doLumber, building-materials dealers doTire, battery, accessory stores do

5381,2764,0683,5941,346

1,7811,049

129289360

16, 563

5, 0952,6002,412

189

858559299

926711215

11, 4681,042

191432242177

5631,2214,1693,6861,338

1,8171,055

129309380

23, 68010, 11013, 570

23, 68010, 4803,7901,9802,260

13, 2002,7002,8804,030

4,128

3,566

23915

10178

907441

1,112669220

1,4617569

3,685

23719

10370

947143

1,134673236

1,5556473

5561,2804,3443,8751,384

1,9321,146

147305384

16, 941

5,3742,8192,625

194

871565306

940718222

11, 5671,068

193434257185

5681,2444,1873,7261,358

1,8051,042

134310384

24, 18010, 11014, 070

23, 49010, 2503,6501,9802,240

13, 2402,6802,8904,080

4,533

3,907

25120

10772

937647

1,216731234

1 6487876

3,695

23518

10172

947340

1,134664240

1,5706774

5411,2044,1883,7201,338

2,0181,201

161308390

16, 961

5,5212,9062,702

204

883568315

942722220

11, 4401,033

181429235188

5651,2324,2153, 7541,342

1,7771,051

127292366

24, 84010, 62014, 220

23, 60010, 4603,8601,9802,240

13, 1402,6702,8604,090

4,483

3,865

25822

11170

927347

1,260751239

1,5676972

3,698

24017

10474

977442

1,102658223

1,5737176

7381,2434,4753,9471,369

3,3581, 952

234649596

17,603

5,8253,2563,060

196

868548321

919706213

11, 7781,101

199446261196

5801,2434,2423,7721,356

1,8871,099

139314384

23, 21010,64012, 570

23, 98010, 8104,1501,9502,300

13, 1702,6802,8804,140

6,023

5,178

43440

192114

1497547

2,0931,166

5091 659

55101

3,789

25820

11178

1007239

1,135651243

1,5976572

5811,1584,3823,9141,282

1,444842108223354

17, 455

5,8363, 2583,047

211

880549331

904676228

11,6191,032

188422232190

5791,2624,2433,7671,367

1,8261,077

136297376

23, 40010, 92012, 480

24, 19011,0104,4201,9602,240

13, 1802,7402,8904,130

3,970

3,420

179167455

936933

870524168

1, 6764862

3,727

24019

10574

987540

1,125669228

1,5756280

5341,0703,8693,4451,197

1, 359768114232324

17, 575

5, 8693,2493,045

204

889562327

979745234

11, 7061,082

197450241194

5691,2434,2743,8061,368

1,8551,072

144319387

24, 03011,21012, 820

24, 12010, 9704,4001,9602,210

13, 1502,7302,8804,070

3,608

3,113

160126950

876735

826477176

1,4704859

3,772

25019

10976

977742

1,145666242

1,5996479

5801,1574,1083,6581,318

1,733986134300356

17, 914

6,0453,3403,128

212

902570332

1,011782229

11, 8691,106

201447261197

5921,2404,3203.8481,376

1,8831,078

143320400

24, 68011, 59013, 090

24, 15011, 1204,5801,9402,220

13, 0302,6602,8904,030

4,181

3,626

27818

11492

987539

1,063614233

1,5425969

3,805

25118

10681

1017741

1,154671248

1,6077081

5591,2154,1573,7141,348

1,7741, 045

132262345

17, 953

6,1373,3963,175

221

918600318

1,047799248

11,8161,059

203428240188

5791,2834,2923,8361,381

1,9351,111

149307388

25, 27011, 93013, 340

24, 46011,2904,7601,9202,230

13, 1702,7202,9204,060

4,181

3,643

224169770

927641

1,088673201

1 5657082

3,815

23217

10270

967842

1,198716236

1,6027083

5911,3364,4373,9661,427

1,8921,096

137299381

18, 223

6,1003,3753,154

221

940599341

1,034787247

12, 1231,154

228454273199

5921,3044,3423,8751,386

2,0001,146

152330387

25, 01011, 94013, 070

24, 51011, 4504,9201,9402,240

13, 0602,6902/9304,040

4,495

3,932

25920

11382

998039

1,165705231

1,6977689

3,935

25620

10978

1017940

1,249737260

1,6297183

5821,3724,2713,7971,450

1,8791,107

126301373

18, 189

6,1623,4763,268

208

936603333

991756235

12, 0271,100

217435260188

5961,3124,3003,8331,388

1,9611,151

136322410

24, 64011, 83012, 810

24, 80011, 6605,0601,9602,260

13, 1402,7202,9204,120

4,398

3,832

25620

10682

998339

1,174720235

1 5728289

3,897

25320

10875

1018040

1,233748253

1,6107277

5791,4584,4813,9991,516

1,701970120287403

18, 296

6,1603,4543,249

205

929589340

1,009780229

12, 1361,133

225441267200

5921,3254,2893,8151,404

2,0301,186

146337411

24, 64011, 87012, 770

* 25, 090r 11, 900

5,2401,9902,300

13, 1902,7202,9604,150

4,316

3,778

207168968

1008836

1,063636221

1,6798288

3,984

26622

10981

1028339

1,289778261

1,6197280

5871,4584,2953,8231,504

1,8431,057

138304397

«• 18, 109

6,0953,3503,135

215

952594358

988758230

r 12, 0141,096

217437257185

600r 1, 295

4,3053,8341,392

1,9891,183

150315399

' 24, 520' 11,370»• 13, 150

«• 24, 800* 11,620' 4, 930' 2, 010

2,300r 13, 180

2,7402,940

r 4, 170

4,298

3,777

215149767

988739

1,164687236

1 5808186

3,972

25420

10774

1038139

1 273778247

1, 6357182

' 591r 1, 378r 4, 215r 3, 746' 1,419

' 1,9171,126

147306385

' 17, 783

r 5, 7743, 1052, 894

211

928586342

964745219

r 12 0091,111

213435260203

6181,3194,2673,7981,411

1, 9581,142

149323395

24, 30010, 66013, 640

24, 80011, 5004,8302,0002,290

13 3002,7602 9404, 250

4,371

3,833

26716

11190

998438

1,199721234

1 5628078

3 929

25919

11081

1038139

1 211717248

1 6496882

i 605i 1 368

4.5904, 1021,445

2,1091,266

i 18, 260

i 6, 302

i 11 958

r Revised. 1 Advance estimate. 9 Includes data not shown separately.


November 1959 SURVEY OF CURRENT BUSINESS S-ll


1958


berDecem-

ber

1959

Janu-ary


ber October

DOMESTIC TRADE—Continued

RETAIL TRADE— Continued

Department stores:Accounts receivable, end of month:

Charge accounts 1947-49= 100- -Installment accounts do

Ratio of collections to accounts receivable:Charge accounts percentInstallment accounts _ - do- _ _

Sales by type of payment:Cash sales percent of total salesCharge account sales doInstallment sales do

Sales unadjusted total U.S 1947-49=100

Atlanta - doBoston doChicago doCleveland - doDallas doKansas City do

Minneapolis - -- doNew York doPhiladelphia - - doRichmond - -- - doSt Louis doSan Francisco - do

Sales seasonally adjusted, total U.S _ do

Atlanta -- -- - - do_._Boston doChicago - - doCleveland doDallas - - - - doKansas City do

Minneapolis doNew York - doPhiladelphia doRichmond - - doSt Louis doSan Francisco - do

Stocks, total U.S., end of month:fUnadjusted 1947-49= 100- .Seasonally adjusted do

WHOLESALE TRADE

Sales, estimated (unadj.), total _ _ _ _ bil. ofdolDurable goods establishments _ _ _ doNondurable goods establishments do

Inventories, estimated (unadj.), total doDurable goods establishments __ _ _ doNondurable goods establishments do_ _

156337

4816

424414

137T 161

127129129

r 155149

a 135129135151143140

135r 168

119124129162148

126125

T 133145

r 145140

157150

11.94.47.5

11.76.15.6

162340

5015

424414

141

173127129129165149

142135143158144142

135

165125122126159144

123128140151131141

170152

12.84.78.1

11.96.15.8

173350

4815

434314

166

197149154154190173

150160179186161173

137

170122125125166149

130125135149133149

173153

11.54 27.3

12.06 15.9

235391

4915

444313

251

305240228244277201

227235251286250262

143

176132134139160151

136133142156148148

136150

12.04 27.8

11.66.05.7

196392

4715

444115

106

135949496

133112

93104101113105119

138

173119124123168150

127129134160138150

136152

11.13 87.3

11.86 25.6

165381

4615

434314

107

1389096

103126113

99100102114109119

140

168120129133162155

133127134159141155

143150

10.73 86.8

11.96 45.6

158373

4816

434314

125

167103114117151134

119112124138128132

138

167116129128166156

141123129146144155

153148

11.94 57.5

12.06 55.6

156367

4715

434314

130

165114123123157141

122116128139129138

141

175120130132169150

127126142156138153

158151

12.24 77.6

12.06 55.5

158366

4715

434314

141

175124134132172154

127126138156149146

144

182124135136173158

131130139158148154

153151

12.34 87.5

12.26 65.6

155368

4916

444115

r 137

162118130127160147

135125132146130151

144

186118133135176154

139128140157140161

148156

12.85 17.7

12.46 75 7

145363

4715

444115

121

15795

110115155135

107100108129120143

150

190133140142174154

134138148161146161

148159

12.74 97.8

12.46 75.7

145368

4615

444115

132

177103124126176

r 156r 131

102112138138157

149

196132139143189163

r 139133135161154

r 162

156160

12.24 77.5

12.46 65 9

157376

4715

424315

r t 144

P 173P 131v 13Sv 135P i 60P 156

P 146P 133P 140P 156P 144p 154

r P 143

P 180P 123P 132P 135P 167P 154

P 136P 129P 137P 149P 146P 154

P 168P 161

13 04 98.1

12.56 56 0

P 151

P 144

EMPLOYMENT AND POPULATION

POPULATION

Population, United States:Total, incl armed forces overseas § thousands

EMPLOYMENT

Noninstitutional population, estimated number 14years of age and over, total thousands..

Total labor force, including armed forces do

Civilian labor force, total doEmployed _ _ do

Agricultural employment doNonagricultural employment do

Unemployed _ doPercent of civilian labor force: 0

UnadjustedSeasonally adjusted _ _ _ _ _ _

Not in labor force _ _ _ _ _ _ thousands

Employees in nonagricultural establishments:Total, unadjusted (U.S. Dept. of Labor) do

Manufacturing doDurable goods industries doNondurable goods industries _ do

Mining, total - _ _ _ _ _ _ d oMetal doAnthracite doBituminous coal doCrude-petroleum and natural-gas production

thousands. _Nonmetallic mining and quarrying do

r 174, 584

122, 219

71 375

68 74064, 6296,191

58 4384, 111

6 07 2

50, 844

51 23715, 7558 8146,941

7119119

187

302113

r 174, 861

122, 361

71 743

69, 11165, 3066,404

58 9023,805

5 57.1

50, 618

51, 13615, 5368 6636 873

7089119

189

297112

r 175, 125

122, 486

71 112

68 48564, 6535,695

58 9583,833

5 65.9

51, 374

51 43215, 7958 9826 813

7129420

191

297111

r 175, 359

122, 609

70 701

68 08163, 9734,871

59 1024,108

6 06.1

51, 909

51 93515, 7498 9896 760

7139320

192

301107

r 175, 591

122, 724

70 027

67, 43062, 7064,693

58 0134,724

7 06.0

52, 697

50 31015, 6748 9906 684

7049420

192

296103

rl!75,969

122, 832

70 062

67, 47162, 7224,692

58 0304,749

7 06 1

52, 770

50 31515, 7719 0606 711

6939418

188

292101

rl!76,188

122, 945

70 768

68 18963, 8285 203

58 6254,362

6 45 8

52, 177

50 87815, 9699 2176 752

6889416

180

294104

^176,421

123, 059

71 210

68 63965, 0125 848

59 1633 627

5 35 3

51 849

51 43016, 0349 3146 720

6949615

176

297110

rl!76 639

123, 180

71 955

69 40566, 0166 408

59 6083 389

4 94 9

51 225

51 98216, 1879 4436 744

7019715

176

301112

rl!76 865

123, 296

73 862

71 32467 342

7 23160 1113 982

5 64 9

49 435

52 58016, 4559 5816 874

7139815

178

309113

rl!77 103

123, 422

73 875

71 33867, 5946 825

60 7693,744

5 25 1

49, 547

52 34316, 4109 5236 887

7109717

171

311114

rl!77 374

123, 549

73 204

70 66767, 2416 357

60 8843 426

4 85 5

50, 345

r 52 066' 16, 169

r 9 Q58r 7 HI

r 639r 62

15r 13g

'310'116

!178 252

123, 659

72 109

69 57766 3476 242

60 1053 230

4 g5 6

51 550

r 52 660' 16, 375

r 9 233r 7 142

r 6184616

136

306115

1178 521

123, 785

72 629

70 10366 831

Q 12460 707

3* 272

4 76 0

51 155

P 50 573p 16, 168

-p q 136p 7 032

P 612

r Revised. » Preliminary. « Revision for August 1958: 130. * See note marked "§".fRevisions for January 1919-December 1954 appear on p. 27 of the May 1959 SURVEY.§ Estimates for Alaska and Hawaii are included effective with February 1959 and September 1959, respectively; preliminary estimate of civilian population in Alaska (Jan. 1, 1959), 153,000

persons and in Hawaii (Sept. 1,1959), 603,000 persons. Revisions for February 1957-August 1958 (thousands): 170,038; 170,258; 170,496; 170722- 170959- 171198' 171,467- 171 745- 172020-172,270; 172,494; 172,726; 172,941; 173,135; 173,359; 173,573; 173,810; 174,054; 174,315. » » » . » » » . , ,

©Monthly rates back to January 1947 are shown on p. 44 of the July 1959 SURVEY.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

S-12 SUEVEY OF CURRENT BUSINESS November 1959


1958


berDecem-

ber

1959

Janu-ary


ber October

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Employees in nonagricultural establishments, un-adjusted (U.S. Dept. of Labor)— Continued

Contract construction _ thousandsTransportation and public utilities 9 do-_

Interstate railroads __ doLocal railways and bus lines do-._Trucking and warehousing doTelephone. doGas and electric utilities do

Wholesale and retail trade. .doWholesale trade doRetail trade 9 do

General merchandise stores doFood and liquor stores . _ do .Automotive and accessories dealers do

Finance, insurance, and real estate doService and miscellaneous 9 . do _.

Hotels and lodging places doLaundries doCleaning and dyeing plants do

Government _ - _ do

Total, seasonally adjusted.. _ _ _ d oManufacturing do

Durable goods industries doNondurable goods industries do

Mining doContract construction _ doTransportation and public utilities doWholesale and retail trade doFinance, insurance, and real estate do _Service and miscellaneous doGovernment do .

Production workers in manufacturing industries, unadj.:Total (U.S. Dept. of Labor). _ _ thousands...

Durable goods industries doOrdnance and accessories __ ..doLumber and wood products (except furniture)

thousands --Sawmills and planing mills do

Furniture and fixtures . doStone, clay, and glass products doPrimary metal industries do

Blast furnaces , steel works, and rolling millst housands

Fabricated metal productscf doMachinery (except electrical) doElectrical machinerv doTransportation equipment 9 do

Motor vehicles and equipment doAircraft and parts doShip and boat building and repairs do

Instruments arid related products doMiscellaneous mfg. industries _ do

Nondurable goods industries doFood and kindred products 9 do

Meat products doCanning and preserving doBakery products do

Tobacco manufactures doTextile mill products 9 do

Broadwoven fabric mills doKnitting mills do

Apparel and other finished textile prod doPaper and allied products do

Printing, publishing, and allied industries. _do

Chemicals and allied products doIndustrial organic chemicals do

Products of petroleum and coal doPetroleum refining do

Rubber products do_ _.Leather and leather products do

Production workers in mfg., seasonally adjusted:Total thousands

Durable goods industries doNondurable goods industries do

Production workers in manufacturing industries:Indexes of employment:

Unadjusted 1947-49=100Seasonally adjusted - do

Miscellaneous employment data:Federal civilian employees (executive branch) :

United States! thousands. _Washington, D.C., metropolitan area do

Railroad employees (class I railroads) :Total thousandsIndexes:

Unadjusted 1947-49=100..Seasonally adjusted do

- Revised. *> Preliminary. * Includes Post Offmarked "f".

9 Includes data for industries not shown. cf Exc(1 Employees in Alaska and Hawaii are included el

(at the end of January 1959) totaled 13,200 persons and

2,9273,886

96095

781719583

11, 1513, 0168, 1351 4211, 596

755

2,3926,472

527312167

7,943

50, 78015, 5298, 8016, 728

7072,6983, 858

11,1512,3°26,4408,005

11, 9406,579

68

590297310438897

445

8221,007

7621,100

463480118205380

5,3611,178

249312166

96860371196

1,055447223548

511191158120188321

11,7256,5685,157

96.594.8

2, 146. 7206.5

864

65.064.9

ice emplo

jpt ordnai1'ective wn Hawaii

2,8873,897

96194

811714577

11,2253, 0398, 1861 4741, 597

755

2, 3806, 463

479311170

8,040

50, 58215,3588, 6256,733

7082, 6983,887

11, 1542, 3926, 3997, 986

11,7216,421

67

594298313422899

457

7911,005

746992358481118207386

5,3001,115

251237166

94863371197

1,051447222551

517193153116195315

11,5516, 3855,166

94.893.4

2, 145. 7206.9

867

65.266.6

yees hired

ice, machth Januai(at the ei

2,7843, 885

95194

823713575

11,3823,0528,3301 5751,611

763

2,3746, 426

474309168

8,074

50, 87715, 6938, 9376, 756

7082, 6903, 875

11.1192, 3866, 4267,980

11,9816,742

71

579290312426930

459

8271,020

7881,199

554484122209379

5, 2391,050

251178164

85867372195

1,053446223548

514194156120195324

11,8766, 6935,183

96.996.0

2, 145. 5207.2

856

64.465.9

for Chris

inery, amT 1959 arid of Aug

' 2, 4863,881

95294

830709574

11.9763, 0658,9111, 9431, 630

781

2,3736,384

' 468307167

8, 373

50, 84415,7018. 0566, 745

7092,5503, 859

11,1432, 3856, 4488,049

11,9306, 740

73

565282309422943

464

8241,038

7891, 208

5674«3119210360

5,1901,001

250148162

83862372190

1, 056443221550

514195155119198329

11,8846,7085,176

96.596.1

1 2, 460. 41215.5

852

63.865.2

tmas seas

I transpord Augustust 1959),

2,3433, 836

92993

803706572

11,0523, 0288, 0241,3971,583

766

2, 3636,314

461307166

8, 024

51, 08615,7649, 0076,757

7042, 6503,894

11,2162. 3876, 4438,028

11,8556,739

73

547275313411952

469

8201,057

7911,216

581475121209350

5,116950243129159

79856371186

1,051440221544

515196154119199329

11,9416,7545,187

95.896.5

2 2, 142. 8207.3

836

62.862.3

3n; there

tation eq1959, res

21,900 pei

2, 2563, 835

93193

810705571

10, 9903, 0257, 9651,3491, 598

768

2,3716, 333

467304ins

8, 066

51,19415.8199,0496,770

6932, 6263,880

11,2792, 3956, 4«28,040

11,9376,794

72

537273315413979

489

8171,090

7961,203

568473120213360

5,143943239129159

76860370189

1,078440220545

518197150115199333

11,9796,7835, 196

96.596.8

22,140.6207.6

839

63.063.1

were abou

nipment.pectively.sons.

2,4173, 865

93693

823704569

11,0833,0198, 0641,3881,599

772

2,3866, 377

469305167

8,093

51,45616,0069,1926,814

6882,7193, 885

11,2532,3986, 4418,056

12,1176,937

73

552277316433

1,015

515

8291,113

7981, 226

591469123216368

5,180945239134158

72866371193

1,085441219551

527199160122202331

12, 1496,9145,235

98.098.2

22,142.6207.7

845

63.463.9

t 316,700 s

For all

2,6623, 879

94392

828704572

11, 1363, 0248.1121,3881,605

782

2,4036,511

494308171

8,111

51, 88716, 1829,3196,863

7012,8293, 886

11,3332,4036, 4798, 074

12, 1677,025

73

568285317444

1,037

529

8401,126

8031,229

594464126216372

5,142958235148159

70869370196

1,055443221553

535200159122176324

12, 3037,0285,275

98.499.5

22,147.6207.7

854

64.064.9

>uch em pi

branches

2,8343,914

95792

841704573

11,2343, 0268,2081,4161,611

788

2,4136,583

504312176

8, 116

52, 12516, 3729, 4626,910

7082,7873,917

11,3632,4136,4868,079

12, 2997, 139

73

594294318454

1,052

537

8531, 153

8141,233

600459126219379

5,160974242147160

69874370200

1, 055446223553

532202159122172325

12, 4817,1625,319

99.4100.9

2 2,145. 0207.3

869

65.264.3

oyees in (

Df the Fee

2, 9863, 944

96893

854706575

11, 3523, 0548,2981, 4221,617

796

2, 4426, 623

533317176

8, 065

52, 40716, 5279, 5736,954

7092, 7993, 928

11,4252,4186,5258,076

12, 5247,248

73

624302321466

1,067

543

8661,167

8331,224

598451124224385

5, 2761,030

245180162

70883371205

1,068453227555

527204160122196334

12, 6007, 2445,356

101.3101.9

22,171.8212.7

879

66.064.5

3ontinent£

leral Gov

3,0353,949

96092

856712586

11. 3243, 0698, 2551,3971, 600

799

2,4756, 603

603318169

7,837

52, 55816, 5809, 6356,945

7142,8003,920

11, 4652, 4266,5708,083

12, 4337,161

72

627302320464

1,038

521

8471,149

8361,207

586449121221380

5,2721,062

245219163

67872368201

1,048449226552

527206158120203335

12, 6127,2755,337

100.5102.0

22,177.2213.0

870

65.564.1

il U.S. in

ernment,

-3,1073,922-928

92- 855

711- 588

-11,360' 3, 081

8.279- 1, 408- 1.604

-801

- 2, 474- 6, 582

'• 603316166

- 7, 813

- 52, 023'• 16. 037- 9, 094- 6, 943

-633-2,814

3,893- 11, 529- 2, 437- 6, 549' 8, 131

- 12, 173- 6, 679

-71

-628305

-324-468-628

-132

-815- 1, 138

-850- 1, 132

-520-445

117224401

- 5, 494- 1, 176

249-315- 166

90887372210

- 1, 103-454-227

558

-532-208

151- 115

204339

- 12, 052- 6, 717' 5, 335

-98.4-97.4

'22,192. 1- 211. 1

-839

63.562.4

Decembe

civilian e

- 3. 042- 3, 922

90692

879710585

- 11, 469- 3, 092-8,377

1, 4661,615

800

- 2. 457-6,610

520313169

- 8, 167

- 52, 169- 16, 151- 9, 222- 6, 929

- 61 5- 2, 776- 3, 894

- 11.469- 2, 457- 6, 577- 8, 230

- 12, 387- 6, 855

74

-624304

-328-468-609

123

-841- 1, 170

-892- 1, 204

601446109

-230-416

- 5, 532- 1, 168

236316165

-98890372210

- 1, 106-459

227- 568

- 540210

- 154118

-213-336

- 12, 169- 6, 846- 5.. 323

- 100. 1-98.4

2 2,172. 5208.2

P816

P61.8P61.6

r 1958.

mployees

P 2, 9.50p 3, 903

Ml. 573P 3. 120p 8, 453

p 2, 445P 6. 601

P 8, 321

p 52, 006P 15,993

p 9, 097p 6, 896

P612p 2, 752P 3, 893

p 11, 500p 2, 457p 6, 536p 8, 263

p 12, 191p 6, 768

P74

P616

P328P455P583

p809p 1, 153

9011,201

P232

p 5, 423p 1, 081

P883

p 1, 098P457

P568

P542

P152

p213P332

* 12, 017p 6, 729p 5, 288

> p 98. 6p 97. 2

P804

p 60.9p 62.2

2 See note

in Alaska


November 19'59 SURVEY OF CURRENT BUSINESS S-13


1958


berDecem-

ber

1959

Janu-ary


ber October


INDEXES OF WEEKLY PAYROLLS

Construction (construction workers) 1947-49=100..Manufacturing (production workers) doM ining (production workers) _ _ _ _ do

HOURS AND EARNINGS

Average weekly hours per worker (U.S. Dept. ofLabor) :

All manufacturing industries. _ hours. _Average overtime do

Durable goods industries do..Average overtime do

Ordnance and accessories _ _ __ do.Lumber and wood products (except furniture)

hours. _Sawmills and planing mills do

Furniture and fixtures doStone clay, and glass products doPrimary metal industries do

Blast furnaces, steel works, and rolling millshours. _

Fabricated metal products cf doMachinery (except electrical) _ _ doElectrical machinery do

Transportation equipment 9 doMotor vehicles and equipment doAircraft and parts ._ doShip and boat building and repairs do

Instruments and related products _ do _Miscellaneous mfg. industries. _ do

Nondurable goods industries doAverage overtime do

Food and kindred products 9 - _.doMeat products doCanning and preserving doBakery products do

Tobacco manufactures doTextile mill products 9 _ do

Broadwoven fabric mills -doKnitting mills do

Apparel and other finished textile prod... doPaper and allied products do

Pulp, paper, and paperboard mills doPrinting, publishing, and allied industries. .do

Chemicals and allied products _. do _ _Industrial organic chemicals do

Products of petroleum and coal doPetroleum refining do

Rubber products doLeather and leather products do

Nonmanufacturing industries:Milliner do ___

Metal doAnthracite _. _ _ do _Bituminous coal doPetroleum and natural-gas production (except

contract services) hoursNonmetallic mining and quarrying _ _ do

Contract construction _ _ d o _ . _Nonbuildincr construction doBuildine construction .._ . _ do

Transportation arid public utilities:Local railways and bus lines doTelephone doGas and electric utilities _ - do

Wholesale and retail trade:Wholesale trade _ . - _ doRetail trade (except eating and drinking places) 9

hours. _General mnrehandise stores doFood and liquor stores doAutomotive, and accessories dealers do

Service and miscellaneous:Hotels, vear-round doLaundries doCleaning and dyeing plants do

Average weekly gross earnings (U.S. Department ofLa bo3'):

All manufacturing industries dollars. _Durable goods industries do

Ordnance and accessories.. _ _ do_Lumber and wood products (except furniture)

dollars- _Sawmills and planing mills do

Furniture and fixtures doStone, clay, and glass products do

Primary metal industries doBlast furnaces, stool works, and rolling mil ls

dollars—r Revised. " Preliminary.9 Includes data for industries not shown separatelycf Except ordnance, machinery, and transportation

232.9155.7105.5

39.92.4

40.22.3

41.2

41.341.141.041.139.1

38.741.040.040.4

39.638.640.839.240.340.1

39.52.6

41.641.242.340.1

40.139.739.738.9

36.142.743.738.0

41.040.940.740.740.836.7

39.938.630.835.4

40.945.4

37.842 236.5

42.439 040.9

40.3

38.034.536. G43.7

39.939.338.6

85. 3992. 46

103. 00

80.1277. OH73. 8088.78

106. 74

115. 71

equipmei

231.4152.5105.0

39.82.4

40.12.4

41.2

41.140.941.041.038.9

38.340.839.539.9

40.039.740.539.840.440.3

39.42.5

40.940.940.240.2

39.640.140.439.1

36.042.743.537.9

41.040.640.240.140.737.0

40.038.729.735.8

40.345.2

38.142 736.8

42.53Q o40.9

40.3

37.934.336. 243.8

40. 439.439. 4

85.1791.83

103. 00

80.1577. 3073.3986. 51

106. 59

114. 52

it.

212.2158.4106.8

39.92.6

40.32.6

41.1

40.240.140.840.939.3

38.540.839.940.6

40.641.040.738.840.740.4

39.42.5

41.042.037.939.9

39.240.340.739.3

35.842.543.337.9

41.240.940.640.840.737.5

40.039.729.935.3

41.244.0

36. 439.635.4

42. 639 741.1

40.1

37.734. 03t). 343.7

30. 93S.8

'38.7

86.5894.30

103. 16

77.5975. 3973. 0387. 53

108. 08

115. 50

184.4160.4109.4

40.22.6

40.82.7

41.9

40.340.241.240.439.8

38.841.240.640.6

41.743.040.939.240.940.4

39.62.6

41.041.438.040.2

40.140.240.538.6

36.142.443.438.4

41.441.140.240.341.938.5

40.639.735.338.1

40. 542, 1

35. 337.934.6

42.938.641.1

40.4

38.530. 636. 344. 0

40.039.238.3

88.0496.29

106.43

77. 3875.1774. 1C.87. 26

109. 45

116.40

174.7158.2108.0

39.92.3

40.42.3

41.5

39.639.340.340.240.0

39.540.540.740.4

40.741.040.939.440.740.1

39.32.4

40.540.738.239.7

38.839.840.237.8

36.042.443.538.0

41.141.040.941.141. 139.1

40.140.634.336.3

41.341.5

35.738.535.0

42.638. 341.0

40.2

38.134.736.444.2

39.739.338.5

87.3894. 94

105. 00

74,8472. 3172.5486. 83

110.80

120. 08

160. 5160.4106.2

40.02.4

40.32.4

41.1

39.539.640.440.540.4

40.040.440.940.2

40.340.240.838. 640.540.1

39.42.4

40.039.238.640.1

38.540.340.838.3

36.742.443.437.9

41.241.140.340. 641.638.8

39.740.827.035.6

41.441.7

34.436. 334.0

42.538.940.9

40.0

37.934.436.443.9

39.939.037.4

88.0095. 11

103. 57

74.2672. 8672.3287.89

112. 72

122. 00

179.9165.1105.3

40.22.6

40.82.6

41.3

40.741.040.441.040.9

40.740.841.340.3

40.741.040.739.340.540.0

39.52.6

40.239.938.640.1

38.140.440.938.4

36.542.743.738.3

41.341.041.240.842.038.0

39.940.427.635.2

41.242.4

35.939.535.0

42.638.440.8

40.2

37.934.636.343.8

40.139.438.1

89.2497.10

104. 08

77.7475.8573.1290. 20

115.34

125. 36

205.8167.0106.5

40.32.6

40.92.6

41.0

40.740.840.041.341.2

41.041.141.440.2

41.041.740.839.640.840.3

39.52.5

40.239.939.239.7

37.840.340.838.5

36.642.643.838.1

41.641.140.940.941.837.0

40.139.932.235.2

40.544.3

37.040.136.1

42.938.440.7

40.1

37.934.436.244.0

40.139.939.5

89.8797. 75

103.32

78. 9670. 3072. 4091.27

116.60

127. 10

223.3169. 6110.7

40.52.7

41.12.8

41.5

41.141.440.241.641.4

41.041.541.640.5

40.941.740.539.540.740.3

39.72.6

40.840.439.240.5

38.840.441.038.7

36.642.944.038.1

41.641.541.040.842.137.6

40.841.131.336.7

40.344.3

37.440.636.4

43.238.840.5

40.3

37.934.236.243.9

40.140.440.2

90.3298.64

105. 83

80. 5678. 66

9L 94

117. 58

127. 10

240.0174.4115.4

40.72.9

41.43.0

41.2

41.341.640.841.741.7

41.641.941.940.8

41.041.540.939.241.240.5

39.82.7

41.040.639.340.7

39.340.841.339.2

36.743. 044. 138.1

41.541.640.940.440.338.2

41.641.330.238.8

40.245.2

38.042.136.8

43.639.041.0

40.5

38.334.836.841.1

40.140.139.7

91.1799. 30

105. 47

82. 1980. 7074. 0692. 16

118.43

129. 38

244.4170.2106.5

40.22.7

40.52.7

41.2

40.541.040.841.538.5

35.941.041.340.1

40.841.340.639.241.140.0

39.82.8

40.941.038.940.7

40.140.441.138.6

30.843.044.438.2

41.141.141.140.6

-42.538.3

39.236.1

32.5

41.645.1

37.642.136. 3

43 239.441.1

40.6

38.835. 337.444.0

40.239.537.9

89. 0590. 80

105. 06

80.1979. 1374. 0092. 13

108. 19

111.29

T 257. 7r 104.9'98. 4

40.5'2.9

'40.83.0

'40.7

'41.1'41.3

41.7'41.6'39.7

'36.6'41.6'41.1'40.5

40.2'40.2'40.6

39.0'41.0'40.4

'40.12.9

'41.440.8

'41.940.2

'40.740.8

'41.639.4

'37.443.144.138.3

41.2'41.1

40.6'39.9' 42. 3'37.8

'41.2'39.4

27.9' 36. 7

40.9'45.4

'38.343.0

' 36. 9

'43.1' 39. 2' 40. 9

40. 5

38.6' 35. 3r37. 1' 43. 9

40. 6- 39. 6

37.7

88. 70' 95. 88

' 103. 38

' 82. Gl' -SO. 95

70.31r 92. 35

' 104.81

' 113.09

244.0' 109. 2

94.3

' 40. ;-<* 3. 040.7'3.0

'41.1

' 40. 640.6

'41.3'41.1

40.1

38. 5'41.5

41.0'40.6

'39.940.140.338.2

' 41. 0'40.5

' 39.8'3.0

'41.443.239.240.6

'40.8'39.8

40.338.3

'36.5'43.1

44.4'38.7

'42.342.5

'41.341.0

'41.3'36.8

40.840.331.835.4

41.144.4

36. 639.635. 7

42.140.741.1

40.5

38.134. .'i30. 743.8

40 239.738.4

r 89. 17

/V 0 'r 82.01

79. 17r 75. o "•r 92. o ;

r IUK 07

119. 35

v 165. 8"

"40.3"2. 9

"40.8"2.9

"41.0

"40.7

"41.8"40.8"40.1

"41.2"41.5"40.9

"40.0

"41.2" 40. 7

^39.7^2 .8

Ml.O

^39.8"40.4

P 36. 7^42 .6

* 38. 6

p 41. 7

"40.4

"41. 2"37.0

' 89. ()('.< HO. 29

" 81.81

' ;< ..49"' 90. 58

' i ( K ) . bO


S-14 SUEVEY OF CUEEENT BUSINESS November 1959


1958


berDecem-

ber

1959

Janu-ary


ber October


HOURS AND EARNINGS— Continued

Average weekly gross earnings (U.S. Department ofLabor) — Continued

All manufacturing industries— ContinuedDurable goods industries — Continued

Fabricated metal productsc? dollarsMachinery (except electrical) __ doElectrical machinery doTransportation equipment 9 - - -- do

Motor vehicles and equipment _ _ _. - do_Aircraft and parts _ _ doShip and boat building and repairs.- __do

Instruments and related products __ _ doMiscellaneous mfg. industries. ._ _ d o _ _ _

Nondurable goods industries doFood and kindred products? _- -- do _

Meat products doCanning and preserving doBakery products do

Tobacco manufactures doTextile mill products 9 do

Broad woven fabric mills do__Knitting mills do

Apparel and other finished textile prod doPaper and allied products do

Pulp, paper, and paper board mills doPrinting, publishing, and allied industries-do

Chemicals and allied products doIndustrial organic chemicals _ _ do

Products of petroleum and coal doPetroleum refining _ do

Rubber products doLeather and leather products - -- do_

Nonmanufacturing industries:Mining _ _ _ _ _ _ do_

Metal doAnthracite doBituminous coal _ doPetroleum and natural-gas production (except

contract services) dollarsNonmetallic mining and quarrying do

Contract construction doNonbuilding construction _ _ _ _ doBuilding construction do

Transportation and public utilities:Local railways and bus lines _- doTelephone - do._Gas and electric utilities _ _ do _ _

Wholesale and retail trade:Wholesale trade - do _Retail trade (except eating and drinking

places) 9 __ dollarsGeneral merchandise stores do _Food and liquor stores - -_ -do _Automotive and accessories dealers do

Finance, insurance, and real estate:Banks and trust companies! - do

Service and miscellaneous:Hotels, year-round -- do _Laundries doCleaning and dyeing plants _ _ - do

Average hourly gross earnings (U.S. Department ofLabor) :

All manufacturing industries - dollarsExcluding overtime^ _ do

Durable goods industries _ _ _ doExcluding overtime § do

Ordnance and accessories - - doLumber and wood products (except furniture)

dollars ._Sawmills and planing mills do

Furniture and fixtures doStone, clay, and glass products - doPrimary metal industries do

Blast furnaces, steel works, and rolling millsdollars

Fabricated metal productscf do -Machinery (except electrical) doElectrical machinerv do

Transportation equipment 9 doMotor vehicles and equipment doAircraft and parts doShip and boat building and repairs do

Instruments and related products - do -Miscellaneous mfg. industries do

Nondurable goods industries _ __ _ _ do_ _Excluding overtime § do

Food and kindred products 9 do _Meat products - doCanning and preserving doBakery products -d°

93 8995. 6087 26

100.9898.43

104. 04100. 3589.4774.19

77 0382.7893 9471.0679 80

60 1559 9557.9657 1855. 2391 3899.2099.56

95 94102. 25112 33116.0097 5157. 99

102. 1498.0480 08

106. 55

110.0295. 34

114.91117.32114.25

90.7481. 12

101.84

88.66

64.9846.9268.4483.47

66.57

45.0944.8051.34

2.142.082.302.242.50

1.941.891.802.162.73

2.992.292.392.16

2.552.552 552.562.221.85

1.951.891.992.281.681.99

93 0294.4185 79

102.00100. 04104. 09102. 6889.2874.56

76 8381.8093 2566 7380 00

60 1960 9558.9857 4855.0891 3898 7599.68

95 94101.91110 15113.4897 2758.46

102.4098 3077 52

107 76

107 6095.37

115 82118.71115 18

90.5381. 51

102. 66

87. 85

64.8146. 6568.4283 22

66.93

45.6544 9252. 80

2.142.082.292.232.50

1. 951.891.792.112.74

2.992.282.392.15

2.552.522.572.582.211.85

1.951.892.002.281.661.99

94 6696.9688 91

106. 78110.70104. 1999.7290.7675.14

77 2283. 6497 4462.1679 80

62 7261 2659.4258 1654.4290 9598.7299.30

96 82103.07112 46116 2898 0959. 63

103. 60100. 8478 04

107. 31

112.0692.84

110.66108.11111. 16

91. 1682.97

103. 57

88.22

64.4745. 9068.9783.90

67.30

45. 4944.2351.86

2.172.112.342.262.51

1.931.881.792.142.75

3.002.322.432.19

2.632.702.562.572.231.86

1.961.902.042.321.642.00

96 0099.0689 32

110.92117.82105. 52101. 5391.6275. 95

78 0184 4695 6364 9881 20

66 1761 1059. 5456 7454. 8791 1699. 39

101. 76

97 70103. 57111 35114.86102 6661.22

105. 56101. 2493 19

115.82

108 5489.67

109. 43105.36110.37

92.6681.06

103. 57

88.48

64. 6848.6868.2485 36

67.48

46.4044 6951.32

2.192. 122 362.282.54

1.921.871.802.162.75

3.002.332.442.20

2.662.742.582.592.241.88

1.971.912.062.311.712.02

93 9699.3188 88

106. 63109.06105. 52102. 4491 1775. 79

77 8184 6595 6566 8580 19

63 6360 8959 0955 9455. 0891 5899 6299.94

97 00103 73113 70117 55100 2862 56

105 86103 9491 24

114 71

111 9287.98

111 03105. 88111.65

92.4480 81

103. 32

88.44

66.2948 2368.4387 07

67 14

45 6645 2051. 98

2 192.132. 352 292.53

1.891.841.802. 162.77

3.042.322.442.20

2.622.662.582.602.241.89

1.981.922.092.351.752.02

94 13100. 6188 84

105. 59106. 93105. 6799.9791 1375. 39

78 0183 6091 7367 5581 80

63 5361 6659 9856 6856. 1592 0199 39

100. 44

97 64103. 57114 86119 77101 0962 08

106. 00104 4574 79

112.85

116. 3388.82

106. 64100. 19108 12

92. 6582.47

103. 89

88.00

65.9547. 1369. 5286.04

67.34

46.2844.8550.49

2.202. 132.362.292.52

1.881.841.792.172.79

3.052.332.462.21

2.622.662.592.592.251.88

1.981.922.092.341.752.04

95 88102. 4289 06

107 04109. 47105. 01102. 1891 5375.60

79 0084 4293 7768 3281 40

64 3963 4362.1757 2255. 8592 66

100 07102. 64

97 88103 73118 24121 18103 7460 80

106. 13104 2376 45

112 29

115 3690.31

110 57108. 23110 95

92.8781 79

104. 04

89.24

65. 9547. 4068.9786 72

68.25

46. 1245 7051.82

2.222.152.382.312.52

1.911.851.812.202.82

3.082.352.482.21

2.632.672.582.602.261.89

2.001.932.102.351. 772.03

96 59103. 0988 84

107 83111. 34105 67101. 7792 2176. 57

79 0084 4293 3769 3880 99

65 0263 2762.4257 3755. 6392 87

100 74102. 11

98 18103. 98118 20122 29101 5759 57

106. 27102. 9488 55

114.75

113.0094.80

113. 59110.28114. 44

93. 9582.56

103. 79

89.42

66.3347.4768.7888.44

68.06

46. 5246.2853.72

2.232. 162.392.312.52

1.941.871.812.212.83

3.102.352.492.21

2.632.672.592.572.261.90

2.001.942.102.341.772.04

98 36104. 0089 51

107. 98111.76105. 71101. 9191.9876.57

79 4085.6894 5467.4283 43

67 5163 8363.5557.6655.6393.52

101.64102. 11

99.42105. 83117. 67121. 58101 4660.54

108. 94106. 8685.45

120. 01

112.8495.25

114. 82112. 06115.39

95.0484.20

103. 68

90.27

66.7047.5469.1489.12

68.25

46.9247.2755.48

2.232.162.402.322.55

1.961.901.812.212.84

3.102.372.502.21

2.642.682.612.582.261.90

2.001.942.102.341.722.06

99 72104 7590 58

109 06111.22107. 98100. 7494.3576.95

79 6085 6994 6066 4284 25

67 9964 4664.0258 4155.0594 60

102. 75102. 87

100 43106 91117 79120 3998 7461 50

111.49107 7982 75

126 49

112 5698.08

116 66117.46116 66

95.9285.02

105. 37

91.13

67.7948.7270.2990.41

67.69

47.3246.9254.79

2.242.162.402.322.56

1.991.941.832.212.84

3.112.382.502.22

2.662.682.642.572.291.90

2.001.942.092.331.692.07

97 17103. 2589 02

108. 53111. 10106. 78102. 7093.7175.60

80 0085.4895 5366.5284.25

70 5863 8363.7157. 1355.5795 03

104. 78103. 52

100. 28106. 86118 78121. 80

r 107 10

60.90

103. 4993.1479.20

104. 98

117.3198.32

116. 56118. 30116. 16

95.4786.29

106. 04

91.76

68.6849.0772.1890.20

68.06

47.4446.2251.92

2.232.162.392.312.55

1.981.931.832.222.81

3.102.372.502.22

2.662.692.632.622.281.89

2.011.952.092.331.712.07

r 99 oi' 102 34' 89 91108 14

' 110. 15T 107 18

102. 57T 93 48' 76. 76

r go 2084 8795 06

r 71 6583 21

r 65 9364 87

' 64 9058 71

' 56. 8595 68

' 104 08103. 79

100 53' 106 45T 116 12r 118 50r 105 33' 60 48

r 108. 77r 97 71

76 73' 120 74

115 75r 100. 33r 119 88' 121.26' 119 19

r 95. 68'85 85

T 105. 93r 91. 53

68.32' 49 42'71.23r 89 12

68.07

47.91r 46 33

51.65

2.192.122.352.272.54

'2.01r 1.96

1.832.222.64

3.092.38

'2.492.22

2.692.742.642.632.281.90

2.001.93

'2.052.33

' 1.71! 2.07

r 99 19T 102 91

r 90 54r 108 13

111 08106 8099 70

r 93 89r 76 95

r go 79' 86 53101 9568 2185 67

' 63 65r 63 28

63 2757 45

' 55. 85' 96 54106 56

' 105. 65

r 105 33113 90

r 120 18124 23

r 102 01r 59 25

107 7199 1488 40

116 11

116 7298.12

116 02113 26116 38

93 8889 13

107 27

91 53

67 8248 3671 2087 60

67 69

47 8446 8552.99

r 2 222.142.362 282.56

'2.021.951.83

'2.24' 2.66

3. 102.39

'2.512.23

'2.712.772.652.61

'2.29'1.90

'• 2. 031.95

'2.092.361.742.11

r> 98 06P 104 17

P 91 21r 108 80

v 94 35P 77 33

P 80 19P 86 51

P 62 09P 64 24

v 56. 15P 94 57

p 104. 99

P 102 17

P 116 35

P 102 18P 59 57

p 2 21

P 2.36

P 2.57

P2.01

p 1.83P2.22p 2 64

P2.38P2.51P2.23

P2.72

P2.29pl .90

P2.02

P2.ll

' Revised. p Preliminary.c" Except ordnance, machinery, and transportation equipment.9 Includes data for industries not shown separately.t Revised series (first shown in September 1959 SURVEY); data beginning January 1958 are calculated on a different basis and are not strictly comparable with published figures through

December 1957.§ Derived by assuming that overtime hours are paid at the rate of time and one-half.Digitized for FRASER

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



1958


berDecem-

ber

1959

Janu-ary


ber October


HOURS AND EARNINGS— Continued

Average hourly gross earnings (U.S. Department ofLabor) — Continued

All manufacturing industries— ContinuedNondurable goods industries — Continued

Tobacco manufactures dollars. _Textile mill products 9 do

Broadwoven fabric mills _ _ _ do _ _Knitting mills do

Apparel and other finished textile prod _ doPaper and allied products _ _ do

Pulp, paper, and paperboard mills doPrinting, publishing, and allied industries doChemicals and allied products do

Industrial organic chemicals _ - doProducts of petroleum and coal do

Petroleum refining _ do _Rubber products doLeather and leather products - - do

Nonmanufacturing industries:Mining do

Metal doAnthracite _ _. __ do _Bituminous coal doPetroleum and natural-gas production (except

contract services) _ - _ _ dollarsNonmetallic mining and quarrying do

Contract construction doNonbuilding construction - _ _ _ doBuilding construction ._ _ _ _ d o

Transportation and public utilities:Local railways and bus lines _ doTelephone _ __ _ do __Gas and electric utilities do

Wholesale and retail trade:Wholesale trade doRetail trade (except eating and drinking places) 9

dollars--General merchandise stores _-doFood and liquor stores doAutomotive and accessories dealers do

Service and miscellaneous:Hotels, year-round _ _ _ _ _ _ _ _ d o _Laundries doCleaning and dyeing plants do

Miscellaneous wage data:Construction wages (ENR): §

Common labor dol. per hrSkilled labor _ _ d o _ _ _Equipment operators do

Farm wages, without board or room (quarterly)dol per hr

Railroad wages (average, class I) - doRoad-building wages, common labor (qtrly) ..do _ _

LABOR CONDITIONS

Labor turnover in manufacturing establishments:Accession rate, total mo. rate per 100 employees

New hires-,- _ _ _ do _Separation rate, total do

Quit. . - - . - _ _ . _ _ _ _ _ . d oLayoff do

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

Work stoppages numberWorkers involved _ _ _ thousands

In effect during month:Work stoppages numberWorkers involved _ _ _ _ _ _ _ thousandsMan-days idle during month do

.MPLOYMENT SERVICE AND UNEMPLOY-MENT INSURANCE

lonfarm placements thousandsTnemployment insurance programs:Insured unemployment, all programs! - do

State programs:!Initial claims - _ _ _ _ - do_Insured unemployment, weekly average. _ _ do

Percent of covered employmentcfBeneficiaries, weekly average thousands--Benefits paid mil of dol

Federal employees, insured unemploymentthousands- _

Veterans' program (UCX):*Initial claims _ _ thousands- _Insured unemployment, weekly average doBeneficiaries, weekly average - _ _ do __Benefits paid mil of dol

Railroad program:Applications. _ _ _ _ _ _ thousands-Insured unemployment, weekly average___doBenefits paid - __ _ _ mil. ofdoL.

1.501 511.461 471.532. 142.272.622 342.502.762.852 391.58

2 562 542.603 01

2.692. 103 042 783.13

2. 142.082.49

2 20

1.711.361 871.91

1.131 141.33

2.4723.7413 389

2.453

4.01.93.51.51.6

471324

712414

2,400

545

2,067

1,1741,879

4 7i 1, 767

226 7

31

20118

18. 1

1.521 521.461 471.532.142 272.632 342.512.742.832 391.58

2 562 542.613 01

2.672.113 042.783.13

2 132.092 51

2 18

1.711.361 891.90

1. 131 141.34

2.4773. 7533 390

.882.4312.12

3.41.73.21.11.7

391463

637531

5,420

514

1,867

1,2461,696

4 3i 1, 556

206 0

31

17

17113

19.1

1.601 521.461 481 522.142 282.622 352.522.772.852 411.59

2 592 542.613 04

2.722. 113 042 733.14

2 142.092 52

2 20

1.711.351 901.92

1. 141 141.34

2.4803. 7563 393

2.568

2.81.32.8.8

1.6

305224

497296

2,210

413

1,965

1,2461,757

4 41 1, 487

170 6

33

423214

1 7

20121

16.0

1.651 521.471 471 522.152 292.652 362 522.772.852 451 59

2 602 552.643 04

2.682. 133 102 783.19

2 162. 102 52

2 19

1.681.331 881.94

1. 161 141.34

2 4823.7643 394

2.529

2.41.12.8.7

1 8

13658

357169

2,430

406

2,316

1,9102,086

5 31 1, 739

230 1

34

334638

5 1

22125

19.8

1.641 531 471 481 532.162 292.632 362 532.782.862 441 60

2 642 562.663 16

2.712. 123 112 753.19

2 172.112 52

2 20

1.741.391 881.97

1. 151 151.35

2 5043.7813 378

1.032.5461.94

3.31.53 1.9

1 7

22575

325150

2 000

398

2,739

1,7722,489

6 31 2, 166

274 7

39

326455

7 1

17122

20 3

1.651 531.471 481 532.172 292 652 372 522.852 952 431 60

2 672 562 773 17

2.812 133 102 763. 18

2 182.122 54

2 20

1.741.371 911 96

1. 161 151 35

2.5043.7923 417

2.587

3.31.72.6.8

1.3

20075

300140

1,500

378

2,596

1.2632,368

6 01 2, 157

251 0

39

297166

7 7

894

13 8

1.691 571 521 491 532.172 292.682 372 532.872 972 471 60

2 662 582 773 19

2.802 133 082 743.17

2 182.132 55

2 22

1.741.371 901.98

1. 151 161.36

2 5033.7963 418

2 531

3.61.92.81.01 3

25090

350150

1,000

445

2 282

1, 1232,077

5 31 1, 968

250 6

38

287168

8 7

676

12 5

1.721 571 531 491 522. 182 302 682 362 532.892 992 431 61

2 652 582 753 26

2.792 143 072 753.17

2 192.152 55

2 23

1.751 381 902 01

1 161 161 36

2 5033.7963 424

992.5301.99

3 52.03 01. 11 3

350175

475250

2,500

520

1 936

1,0861,768

4 51 1, 708

213 7

34

266465

8 5

558

9 1

1.741 581.551 491 522.182 312 682 392 552.872 982 411 61

2 672 602 733 27

2.802 153 072 763.17

2 202.172 56

2 24

1.761.391 912 03

1.171 171 38

2.5353.8183.444

2.549

3.62.22.91.31.1

400175

550300

2,750

555

1,593

8801,464

3 81 1, 390

162 0

30

195253

6 5

439

8 6

1.731 581 551 491 502.202 332.702 422.572.882 982 451 61

2 682 612 743 26

2.802 173 072 793.17

2 202.182 57

2 25

1.771.401 912.05

1.181 171.38

2 5493. 8463 449

2 537

4 43.02 81.31 0

450185

700325

2 750

581

1 414

9731,298

3 4i 1, 182

142 9

28

234343

5 6

835

21 2

1.761.581.551.481.512.212.362.712.442.602.893.002 521.59

2 642 58

3 23

2.822.183.102.813.20

2.212.192.58

2.26

1.771.391 932.05

1.181 171.37

2.6033.8853.483

1 002.5212.14

3.32.23.31.31 4

425650

700750

9 000

564

1 477

1.2281,333

3 51,100142 5

28

274339

5 3

8763

18 9

1.621 591.561 491.522.22

T2 362.712 44

r 2.59••2.86r2. 97

2 491.60

r 2 64r 2 48

2.75r 3 29

2.83r 2.21r 3 13r 2 82'3.23

2 222. 192 59

r 2 26

1.771 401 922 03

1 181 171.37

2 6193.9043 450

2 543

r 3 9r2. 5r 3 7T 1.8r 1 4

425170

700750

13 000

570

1 451

1 Oil1,291

3 41,102133 4

28

254442

5 2

3579

27 3

"•1.561 591.571 501.53

'2.242 402.73

r 2 492.68

'2.913.03

r 2 471 61

2 642 462.783 28

2.842.213 172 863.26

2 232. 192 61

2 26

1.781 411 942 00

1 191 181 38

2 6243 9213 526

p3 7J>2 5p 4 2v2 2j> l 4

400100

650760

14 000

633

1 369

9361,203

3 11,097141 8

27

244039

5 2

"1.56v 1 59

v 1 53v 2 22

p 2 72v 2 45

P2.88

P 2 48p 1 61

2 6243 9313 540

89

1, 3093 4

28

41

r Revised. » Preliminary. l Includes operations under Federal employees' program.9 Includes data for industries not shown separately. § Rates as of November 1, 1959: Common labor, $2.624; skilled labor, $3.931; equipment operators, $3.559.t Beginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'

•ogram (shown separately below) except as noted.cf Rate of covered employment expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data

e available (the lag for covered employment data may range from 6 to 8 months).*New series. Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct. 27, 1958).




1958


berDecem-

ber

1959

Janu-ary


ber October

FINANCE

BANKING

Acceptances and commercial paper outstanding:Bankers' acceptances _ __mil . of dol__Commercial paper do

Agricultural loans and discounts outstanding of agen-cies supervised by the Farm Credit Adm.:

Total mil. ofdoL.Farm mortgage loans: Federal land banks. .doLoans to cooperatives _ __ _ _ doOther loans and discounts do

Bank debits, total (344 centers) __doNew York City do6 other centerscf - - - do

Federal Reserve banks, condition, end of month:Assets total 9 do

Reserve bank credit outstanding, total 9 do _Discounts and advances. do. __United States Government securities do

Gold certificate reserves. _ do

Liabilities, total 9 doDeposits total 9 do

Member-bank reserve balances doFederal Reserve notes in circulation do

Ratio of gold certificate reserves to deposit and FRnote liabilities combined percent..

All member banks of Federal Reserve System, averagesof daily figures:*

Excess reserves mil. of dolBorrowings from Fed. Reserve banks _doFree reserves do

Weekly reporting member banks of Fed. Reserve Sys-tem, condition, Wednesday nearest end of month:f

Deposits:Demand, adjusted© .mil. of dol.Demand, except interbank:

Individuals, partnerships, and corporationsmil. of dol__

States and political subdivisions doUnited States Government- do

Time, except interbank, total 9 ._ doIndividuals, partnerships, and corporations

mil. of dol__States and political subdivisions do

Interbank (demand and time) do .

Investments, total doU.S. Government obligations, direct and guaran-

teed total mil. of dolBills doCertificates . ... doNotes and bonds do _

Other securities _ __ ._ do

Loans (adjusted), total© doCommercial and industrial doTo brokers and dealers in securities doOther loans for purchasing or carrying securities

mil. of dol__To nonbank financial institutions doReal estate loans _ doOther loans do

Money and interest rates :§Bank rates on business loans:

In 19 cities percentNew York City do7 other northern and eastern cities do11 southern and western cities do

Discount rate, end of mo. (N.Y.F.R. Bank). ..doFederal intermediate credit bank loans doFederal land bank loans do

Open market rates, New York City:Bankers' acceptances (prime, 90 days) doCommercial paper (prime, 4-6 months) doStock Exchange call loans, going rate do

Yield on II. S. Government securities:3-month bills ... ... . do _ _ _3-5 year taxable issues do

Savings deposits, balance to credit of depositors:New York State savings banks mil. of dol__U.S. postal savingsf _ do

1,281958

3,7842,036

4731,275

195, 20570, 88740, 520

51, 26426, 130

25524, 98620, 288

51, 26419, 17118, 14726, 871

44.1

57147695

60, 118

62, 9964,5772,620

30, 164

28, 0671,928

15, 242

44, 467

34, 1031,4774,345

28, 28110, 364

1, 830

1,271

10, 982

4 214 004 214 54

2.003.025.08

2.392.933.65

2. 4843.57

19, 6411, 169

1,255961

3,8022,052

5071,243

212, 89479, 62043, 594

51, 53826, 675

40725, 44320, 105

51, 53819, 44818, 46227, 003

43.3

52142596

61, 541

64, 0454, 3962,077

30, 230

28, 1921,866

14, 733

44, 718

34, 3511,8824,191

28, 27810, 367

1,660

1,280

11, 189

2.003. 065.13

2.753.233.75

2. 7933.63

19, 6671,158

1,209940

3,7912,065

5261,199

183, 09264, 80438, 224

53, 25428, 006

71726, 22920, 019

53, 25420, 07418, 99427, 529

42.1

50648620

61, 520

64, 2394,5952,893

29, 878

27, 9641,742

14, 802

44, 906

34, 8912,5464,363

27, 98210,015

1,876

1,273

11,374

2. 503.235.13

2.753. 083.75

2. 7563.60

19, 7781,146

1,194840

3,8122,089

5101,214

238, 97592. 71148, 690

53, 09527, 755

6426, 34719, 951

53, 09519, 52618. 50427, 872

42.1

516557

—41

63, 507

68, 5994,8412,952

30, 375

28, 3901,800

16, 429

44, 821

34, 6272, 4004,325

27, 90210, 194

2,569

1,315

11,487

4. 504 294.5(14.79

2. 503.645.13

2.753.333.75

2.8143.65

i

20, 0441, 134

1,133875

3,8682,109

5191,240

221, 96986, 50744, 505

52, 22327, 197

46225, 71519, 892

52, 22319, 94318, 87827, 163

42.2

497557

-59

62, 791

65, 1684,7192,904

30, 071

28, 1011,786

14, 039

44, 714

34, 7012,1933, 817

28, 09110, 013

2,146

1,362

11, 505

2. 503. 785.17

2.753. 303.75

2. 8373.80

20. 0671, 121

1,161897

3.9592,138

5181,303

195, 77974, 34639, 635

52. 22627, 020

63225, 35019, 893

52. 22619, 67718. 54027, 022

42.6

460508

—47

61, 268

64, 2964, 5832,861

30, 128

28, 1501,800

13, 742

43, 443

33,4122,3513,808

27, 25310, 031

1,939

1, 381

11,599

2. 503.875.17

2.753.263.75

2.7123.85

20, 1191, 107

1,054883

4.0732,175

5181,381

223, 38384, 71047, 485

51, 49126, 716

32725, 49719, 860

51,49119. 28518,19226, 965

42.9

461601

—140

60, 057

63,1254, 8335,099

30, 337

28, 3711, 786

14, 991

43, 474

33, 1232,6762,854

27, 59310, 351

2,309

1,430

il,694

4.514 294.494.84

3. 003.985.21

2.883.353.75

2. 8523.88

20, 3341, 094

1.029822

4,1842,206

5151,463

226, 37788, 04946, 955

52, 34627, 176

50025, 70319, 715

52, 34619, 54218 39626, 983

42.4

417676

—258

62, 016

64, 2495,1242,934

30, 388

28,4111,798

13, 790

42, 322

31, 8772,1602, 673

27, 04410, 445

2,226

1, 418

11, 820

3. 004.075.33

2.983.423. 75

2.9604.03

20, 2771,082

1,038791

4,2942,237

5131,543

216, 01780, 72544, 646

52, 20027, 777

98425, 90519, 605

52, 20019, 68718, 45927, 156

41.9

448767

—318

60, 240

62, 7814, 7612,806

30, 644

28, 6281,840

14, 058

41, 333

31, 0952, 3602,372

26, 36310, 238

2,149

1,742

11, 669

3.504.255.48

3.173.563.96

2.8514.16

20, 3351, 070

983729

4,4002.262

5261,612

228. 61586, 59846, 429

51, 96527, 337

42126, 04419, 416

51, 96518, 83217, 64027, 402

42.0

408921

-513

60, 835

64, 4734.8643,056

30, 967

29, 0221.767

14, 189

40, 125

29, 9801,7472, 157

26, 07610, 145

63, 35128, 4822,187

1,4105,294

12, 19816, 638

4.874.714.905.07

3.504.535.48

3.313.834.19

3.2474.33

20, 4831,042

957759

4,4702,282

5421,646

235 64589, 60048, 422

52, 72428, 569

1,22926, 54319, 333

52, 72420, 04218, 90527, 499

40.7

400957

-557

62, 214

64, 5394,6993,310

30, 754

28, 9241,652

13, 199

40, 367

30. 2422,7531. 850

25, 63910, 125

63, 82028. 585

2, 106

1, 4385, 439

12, 27716, 644

3.504.825.52

3.453. 984.25

3.2434.40

20, 3741,023

946795

4,4982.300

5491,650

208. 13175, 23343, 265

52. 01328. 181

69226, 69019, 227

52, 01319, 36418, 24527, 581

41.0

4721, 007— 535

60, 206

63,0044.6063,672

30, 702

28, 9601, 569

13, 964

39, 129

29, 0542,2971, 093

25, 66410, 075

64, 61628, 9902,025

1, 4385. 577

12,34216, 710

3.505. 065. 60

3.563.974.25

3. 3584.45

20, 4061,007

954763

r 4, 5112,318

5761 617

215, 93881 06743, 259

52 73927, 865

33026, 56319, 203

52, 73919 22317, 76027 515

41.1

410903

-493

r 60, 170

64, 1744 6314, 279

30, 735

29. 0581,508

r 14,015

38, 225

28, 1181, 9901. 033

25, 09510, 107

* 65, 346«• 29, 479

r 2, 061

1. 355r 5. 550

•• 12, 453r 16, 536

5. 275. 155.275.44

4. 005.075.71

4.074.634.75

«• 3. 9984.78

20. 551992

4,4872,333

6161 538

52 94228, 469

87726, 63119,290

52, 94219,92418, 81827, 562

40.6

61, 239

64, 7404, 3463,477

30,532

28, 9fi31,425

13, 330

38, 144

28, 1942,0961,116

24, 9829,950

65, 24429, 5162,115

1,3495,271

12, 52716, 769

4. Of

4.2,f

4.7:4.7i

4.1i:4. (V.

20, 36197(

f Revised. » Preliminary.cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. 9 Includes data not shown separately.*New series (from Board of Governors of Federal Reserve System). Free reserves are excess reserves less borrowings; negative figures indicate net borrowed reserves.fRevised series, reflecting change in coverage and format; leaders indicate comparable data not available. Figures through 1958 on old basis appear in the 1959 edition of BUSINE:

STATISTICS; January-June 1959 figures, in September 1959 SURVEY.©For demand deposits, the term "adjusted" denotes exclusion of interbank and U.S. Government deposits and of cash items reported as in process of collection; for loans, exclusion <

loans to banks (domestic commercial banks only, beginning July 1959) and deduction of valuation reserves (individual loan items are gross, i.e., before deduction of valuation reserves).§ For bond yields, see p. S-20.1 Data are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).




1958


berDecem-

ber

1959

Janu-ary


ber October

FINANCE—Continued

CONSUMER CREDIT(Short- and Intermediate -term)

Total outstanding, end of month mil of dol

Installment credit, total do

Automobile paper _ _ _ d oOther consumer goods paper doRepair and modernization loans _ _ do__ _Personal loans.. _ do_ _

By type of holder:Financial institutions, total do .

Commercial banks doSales finance companies doCredit unions doConsumer finance companies doOther _ do _

Retail outlets, total .. _ doDepartment stores do _Furniture stores doAutomobile dealers.. do__Other do

Xoninstallment credit, total do

Single-payment loans doCharge accounts ._ _ . doService credit _do_

By type of holder:Financial institutions _ doRetail outlets doService credit d o _ _ _

Installment credit extended and repaid:Unadjusted:

Extended, total doAutomobile paper doOther consumer goods paper _ _ _ doAll other _ _ _ _ d o _ _

Repaid, total doAutomobile paper doOther consumer goods paper . do_All other do

Adjusted:Extended, total do

Automobile paper _ _ _ _ _ _ d oOther consumer goods paper _ d o _ _All other _ __ do

Repaid, total __ doAutomobile paper _ __ _do_ _Other consumer goods paper doAllo ther__ __ __ do

FEDERAL GOVERNMENT FINANCE

Budget receipts and expenditures:Receipts, total mil. of dol

Receipts, net.- _ __ do __Customs do

Individual income taxes doCorporation income taxes doEmplovrnent taxes doOther internal revenue and receipts do

Expenditures, totaL _ _ _ doInterest on public debt _ doVeterans' services and benefits __doMajor national security _ . _ doAll other expenditures do

Public debt and guaranteed obligations:Gross debt (direct), end of month, total do

Interest bearing, total _ _. __ do .Public issues doSpecial issues do

Noninterest bearing _ _ _ do

Obligations guaranteed by U.S. Government, endof month _ __ mil. of dol

U.S. Savings bonds:Amount outstanding, end of month do _Sales, series E and II § doRedemptions _ _ _ do

LIFE INSURANCE

Institute of Life Insurance:Assets, total, all U.S. life insurance companies

mil. of dol- .Bonds (book value), domestic and foreign, total

mil. of dol__U.S. Government doState, county, municipal (U.S.) doPublic ut i l i ty (U.S.) doRailroad (U.S.) doIndustrial and miscellaneous (U.S.) do

43 144

33, 079

14, 3328,3122,1078,328

28, 75812 6078,8912 5913 2801,389

4,3211,3931,110

4331,385

10 065

3 4954, 0332,537

3,4954,0332,537

3,2971 105

9931,199

3 3831,287

9351 161

3 3961,0821,0051 239

3 3761,246

9491,181

8 1197,208

75

3 9092,267

5491 320

6 633578410

3, 8631 783

276 666275 0042<?9 00845 9961, 661

118

52, 1 1 8352523

105, 493

53, 6387,3072,616

15 0853,835

21, 700

43, 164

33, 052

14, 1648,4112,1288,349

28, 66612, 6128,7772 6133,2741,390

4,3861,4261,126

4271,407

10 112

3 4144,1912,507

3 4144,1912,507

3, 4751 1731,0751,227

3 5021 341

9761 185

3 4511,1991,0051 247

3 4181,281

9641, 173

3 4462, 769

82

1 387374386

1 217

7 144600454

4 2251 865

280 211278 561933 19445' 3671 650

112

52 031378551

106, 053

53, 9887,3192, 641

15 1703,829

21, 931

43 464

33, 126

14, 0668 5282,1468,386

28, 64812 6178 7082 6283 2811,414

4,4781,4741 149

4241 431

10 338

3 4994 2972,542

3 4994 2972,542

3 3381 0911 0541,193

3 2641 189

9371 138

3 5941 2761,0411 277

3 4471,2431 001] 203

5 9794 962

72

3 735'319816

1 038

6 237607441

3 5891 599

283 060281 425935 31345 112

1 635

107

51 971324481

106, 540

54, 1727,3442,672

15 1833, 828

22, 043

45 065

33, 865

14, 1319,0072,1458,582

28, 94312 7308,7402 6643 3811,428

4,9221, 7021 220

4251 575

11 200

3 5435 0182,639

3 5435' 01 82, 639

4, 3501 3601 4351, 555

3 6111 295

9561 360

3 7201 4201 0021 298

3 4141 262

9531 199

6 8486*180

78

2 5122*. 419

4411 397

7 080647440

4 2121 781

282 922280 839235 99944 840

2 084

10°

51 878370586

107, 419

54, 3027,2052, 685

15 2473,830

22, 214

44 415

33, 768

14,1558 8812,1258,607

29 01612 8568 7332 6393 3741 414

4 7521,6151 183

4251 529

10 647

3 4644 5042 679

3 4644 5042,679

3 3211 248

8861 187

3 4181 2241 0121 182

3 7991 4371 0471 315

3 4121 252

9561 204

4 9564 528

76

2 944424321

1 192

6 776675445

3 6Q31 963

285 801283 808239 90143 907

1 993

106

51 624486867

108, 145

54, 8577,4852 744

15 3063,817

22, 348

44 071

33, 751

14, 2238,7672,1168,645

29, 07012 8848 7242 6613 3721,429

4 6811,6111 166

4271 477

10 320

3 5634 0042,753

3 5634 0042, 753

3 2471 258'839

1,150

3 264]' 190

9531 121

3 8161 4541 0571 305

3 4831 281

9811 221

8 1526 576

70

5 202'362

1 2811 237

6 331630440

3 5961 795

285 104983 943239 37343 8701 861

112

51 590383584

108, 583

55, 0387,4142 774

15 3323,812

22, 531

44 203

33, 943

14, 3758 7212,1278,720

29 32413 0°88 7802 7003 3711 445

4 6191,5811 129

4301 479

10 260

3 6183 8832 759

3 6183 8832 759

3 7861 476

9821 328

3 5941 3241 0281 242

3 7491 4141 0581 277

3 4311 265

9831 183

10 729

8 42689

2 9385 459

8571 378

6 461649441

3 864i 507

282 034280 089236? 14943 9401 945

119

51 379414653

108, 945

55, 1517,2292 840

15 4033,809

22, 680

44 916

34, 453

14, 6868 7772,1498,841

29 82513 3128*9212 7543 3791 459

4 6281 5821 127

4391 480

10 463

3 6743 9972 792

3 6743 9972 792

4 02?1 5801 0741 368

3 519

1 2691 0181 225

3 9391 5021 1261 311

3 5161 2821 0061 298

6 3754 258

85

4 002'477558

1 255

6 427652361

3 8981 516

285 353283 497240 220

43* 2781 856

107

51 190350624

109, 430

55, 4727,2512 889

15 4393,798

22, 880

45 790

35, 029

14, 9918 9112,1988,929

30 33313 5689 0892 8023 3851 489

4 6961,6061 128

4481 514

10 761

3 7794 2202 762

3 7794 2202 762

4 0531 5681 1241 361

3 4771 263

9901 224

4 0451 4971 1541 394

3 602l'3201 0031 279

8 1555' 425

89

4 813410

1 488]' 355

6 164650433

3 6421 439

286 303284' 473240 27144 203

1 830

108

51 027338586

109, 928

55, 7307,2352 968

15 4843,798

23, 009

46 716

35, 810

15,4199 0772,2409,074

31 03213 8829 3502 8813 4161 503

4 7781,6391 136

4611 542

10 906

3 8424 3182 746

3 8424 3182 746

4 4321 7651 1791 488

3 6511 3371 0131 301

3 9831*4871 1211 375

3 5311 2841 0001 247

11 13710? 042

94

4 °364' 786

6971 323

8 632704431

4 4743 023

284 706281 833237' 078

44 7569 873

111

50 834323634

110,424

55, 9937,2462 991

15 5153, 796

23, 194

47 256

36, 449

15, 7809 1832,2829,204

31, 65614 1589 5922 9353 4541,517

4,7931,6261 140

4731 554

10 807

3 8074,2722,728

3 8074,2722, 728

4,2921 7071, 1131,472

3 6531,3461,0071 300

4 1021, 5441,1291,429

3, 6021,3171, 0091,276

3 9363 246

94

1 603'568332

1 339

6 557728406

3 7721 651

288 682285 840241 77944 061

2 842

110

50 536350775

111, 152

56, 2847,2593 085

15 5273,792

23, 342

47 910

37, 049

16, 0829,3142,3239,330

32, 19414 3889,7852 9903 4881,543

4,8551,6621 156

4831 554

10 861

3 8784, 2432,740

3 8784,2432, 740

4,1391 6021, 1161,421

3 5391,300

9851,254

4 1031,5141, 1501,439

3,6011,3061 0101, 285

7 4185 679

87

4 346'368

1, 3211 296

6 305' 724400

3 7101 471

290 396287 599242 876

44 7232 797

111

50 287309647

111,646

56, 4777, 3543 115

15 5363,794

23, 395

48 394

37, 495

16, 2599,4192,3639,454

32,60214 5529,9253 0423 5141 569

4 8931,7011 161

4891 542

10 899

3 9254 25')2 724

3 9254 25H2,724

4, 1031 4951,1181,400

3 5671 3181, 0131 236

4 1051 4971, 1311 477

3 6201, 3021 0371 281

9 5528 486

99

4 1003 311

7041 338

6 357718

288 296285 486941 08644 400

2 810

116

50 012300668

291 253288 478244 88243' 5969 775

118

49 715358742

r Revised. p Preliminary.§ Data for various months through September 1959 include minor amounts due to late reporting or adjustments on discontinued series (F, G, J, K).




1958


berDecem-

ber

1959

Janu-ary


ber October

FINANCE—Continued

LIFE INSURANCE— Continued

Institute of Life Insurance— ContinuedAssets, all U.S. life insurance companies — Con.

Stocks (book value), domestic and foreign, totalmil. of dol

Preferred (U.S.) doCommon (U.S.) do

Mortgage loans, total doNonfarm do

Real estate doPolicy loans and premium notes doCash. _ _ do_Other assets do

Life Insurance Agency Management Association:Insurance written (new paid-for insurance) :J

Value, estimated total _ _ _ _ _ _ _ _ _ .mil. of dol _Group and wholesale doIndustrial do.._Ordinary total do

New England doMiddle Atlantic do...East North Central doWest North Central.. . doSouth Atlantic doEast South Central do

West South Central doMountain __ _ __ do _Pacific (incl. Alaska) do

Institute of Life Insurance:Payments to policyholders and beneficiaries, esti-

mated total __ _ mil. of dol. _Death benefits doMatured endowments _ _ _ _ d o _Disability payments do

Annuity payments doSurrender values. _ _ do__Policy dividends do

Life Insurance Association of America:Premium income (39 cos ) Quarterly total do

Accident and health doAnnuities doGroup doIndustrial doOrdinary do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U.S. (end of mo.) mil. of doLNet release from earmark § doExports thous. of dolImports _ _ do

Production, reported monthly total 9 doAfrica doCanada doUnited States do

Silver:Exports _ _ doImports doPrice at New York dol. per fine oz__Production:

Canada thous. of fine ozMexico doUnited States. . . do, _

Money supply (end of month, or last Wed.):Currency in circulation bil. of dolDeposits and currency, total do

Foreign banks deposits, net _ doU S Government balances do

Deposits (adjusted) and currency, totallf _ _ _ d o _ _Demand deposits, adjusted1! doTime deposits, adjusted^ doCurrency outside banks do

Turnover of demand deposits except interbank andU.S. Government, annual rate:

New York City ratio of debits to denosits .6 other centorscf .. do __337 other reporting centers do

PROFITS AND DIVIDENDS (QUARTERLY)

Manufacturing corporations (Fed. Trade and SEC):ONet profit after taxes, all industries. _ mil. of dol__

Food and kindred products doTextile mill products doLumber and wood products (except furniture)

mil. of dolPaper and allied products ..do

3,1911,6571,508

36, 462i 33, 776

3, 3684,1381,2093,487

5,153667597

3,889

241837788324489192

394162462

577.8233.157.410.1

47.9119.0110.3

2 604.2451. 7284. 1313.7192.6

1, 362. 1

20, 874-220. 2

8,70679, 914

85, 00058, 30013, 1006,200

7445,980.887

2,8564,4312,614

31.2242.6

3,85.7

233.1108.197.227.9

49.430.323.6

3,320323

69

74126

3,1871,6541,504

36, 64833, 955

3,3954, 1621,1903,483

5,614765621

4,228

273958860340517197

402177504

594.0244.460.49.9

53.9120.2105.2

20, 690-189.0

685,425

87, 20058, 90014, 0006,700

20410, 197

.900

2,3903,8803,831

31.4245.1

3.84.9

236.4111.097.528.0

50.129.823.1

3,1981,6511,516

36, 79434, 093

3,4154,1831,2423,536

5,326733631

3,962

269951793303495178

357161454

536.6214.865.49.0

46.7103.797.0

20, 609-96.9

4211,751

83, 60058, 50012, 9005,500

1135,160.901

2.6443,5512,505

32.0248.2

3.77.1

237. 5111.996.828.8

47.430.023.8

3,3591, 6461,678

37, 09734, 388

3,3764,2041,3653,716

7, 1692,185

5354,449

270994865368532200

443213564

746.2264. 588.89.7

47.5135.8199.9

2, 818. 4466. 6338.4289.4244.5

1, 479. 4

20, 534-79.3

5612, 278

83,60057, 70013, 2005,900

909,219.899

2,9183,8863, 426

32.2252.0

3.95.6

242. 6115. 598.328.7

58.233.224.9

4, 036320

78

57148

3,3651,6401,689

37,21134, 510

3,3934, 2251,2823,812

4,791780490

3,521

230833698289412155

355140407

665. 4267.865.911.4

67.5118.7134.1

20, 476-65.6

010, 272

83, 10059,50013, 2004,200

1345, 356.902

3,0943,6802,330

31. 1249. 6

3.86.0

239.8113.898.427.6

54. 030.323.2

3, 3871,6391,709

37, 35034, 635

3,4144, 2531, 2253,916

5,154904567

3,683

232835716307459170

373159433

595.3246.9

54.99.8

54.7117.5111.5

20, 479-13.0

19810, 048

80, 10057, 80012,5004,100

996, 172

.904

2,2653,3152,827

31.1247.1

3.75.7

237.7111.398.727.7

54.131.024.1

3,4211,6431,739

37, 48634, 753

3,4504,2841,2113,942

5,896793636

4,467

2781,004

879363563211

449183538

674.0278.0

58.410.0

52.9137.5137.2

2, 786. 8465. 7337. 5314.4227.3

1, 442. 0

20, 442-48.0

20318, 499

61, 20013, 2003,800

1035,220.914

2,7823, 6002,823

31.3246. 7

3.95.1

237.6110.399.527.9

54.534.224.0

3,821258

80

43136

3,4391,6471,752

37, 60234, 851

3,4694,3171,1873,944

5,718835575

4,308

261951869351536200

426189525

625.2261.454.210.0

54.2131.9113.5

20, 305-127.5

693,280

62, 90013, 2003,800

2,1603,772.914

2,6923,6912,946

31.3r 249 8

3.75.8

240.3112.599.927.9

56.233.923.9

3,4591,6541,764

37, 73734, 958

3,4934,3461,1973,966

5,593754633

4, 206

255921836345526202

427189505

582.0241.348.710.1

52.9119.2109.8

20, 188-136.5

2309,805

64, 20013, 3004, 100

1,2465,241.914

2,4993,2562,641

31.6r 249 4

3.76.4

r 239. 3110.7

r 100 428. 1

54.932.924.8

3,4861,6631,783

37, 89435, 094

3,5224,3801,2003,949

6,0971,091

5984,408

266960861361546214

449201550

635.9265.751.910.0

55.8128.6123.9

2, 684. 2491.5251.2318.1188.3

1, 435. 1

19, 705-491.7

7615, 477

64, 90012, 5004,600

2705,894.914

2,6773,8383,219

31.9r 249 4

3.65.6

T 240. 1110.7

r 101 028 3

56.832.725 0

4 858317110

81166

3,5471,6591 845

38, 10835 335

3,5834,3891,1854,056

5,492703541

4,248

269903852364530190

422189529

586.9247.147.49.9

54.6124.7103.2

19, 62698.1244

25, 726

67 00013 2005,300

2,9814 826.914

2, 8683 9942,609

31.9r 251 4

3.46 0

r 242. 0r 112 7r 100 9

28 4

58 433 625 4

3 5571,6701 845

38, 28235 496

3 6034,4231,2044, 100

5,475986541

3 948

249841778333510186

386173492

567.8245 244.29.3

52 3112.5104 3

19, 524— 176.3

14275, 943

4 200

1197 892.914

2 518

1,472

32 0251 l

3.3r 6 9

240.8111 1101 228 5

50 0r 30 5r 23 5

5, 353863558

3 867

235795769325500195

389173486

19,491—35 2

11554 687

1 7565 362.914

390

31 8252 1

3 37 5

r 241 3r HI 3

r IQl g

28 5

56 2p32 2P 25 1

.914

I

r Revised. » Preliminary. 1 Revision for August 1958 (mil. dol.): 33,681.t Revisions for January-July 1958 will be shown later. § Or increase in earmarked gold (—).9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Chile (through December 1958 only); Nicaragua; Australia; and India.^ The term "adjusted" denotes exclusion of interbank and U.S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection,cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.O Effective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with

previously published data. Comparable data for 1st quarter of 1958 are available upon request.


November 1959 SURVEY OF CUKEENT BUSINESS S-19


1958


berDecem-

ber

1959

Janu-ary


ber October

FINANCE—Continued

PROFITS AND DIVIDENDS— Continued

Manufacturing corporations©— ContinuedNet profit after taxes — Continued

Chemicals and allied products mil of dolPetroleum refining doStone clay and glass products doPrimary nonferrous metal do

Fabricated metal products (except ordnance,machinery and transport eciuip ) mil of dol

Machinery (except electrical) doElectrical machinery eouip and supplies doTransportation equipment (except motor vehicles,

etc ) mil of dolMôtor vehicles and parts do

Dividends paid (cash) all industries doElectric utilities, net profit after taxes (Fed. Res.)

mil of dolTransportation and communications (see pp. S-23 and

S-24).

SECURITIES ISSUED

Securities and Exchange Commission:Estimated gross proceeds total mil. of dol

By type of security:Bonds and notes total do

Corporate doCommon stock doPreferred stock do

By type of issuer:Corporate, total? - - - do

Manufacturing doExtractive (mining) doPublic utility doRailroad doCommunication doFinancial and real estate do

Noncorporate total $ doU 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

Btate and municipal issues (Bond Buyer):Long-term doShort-term do

SECURITY MARKETS

Brokers' Balances (N.Y.S.E. MembersCarrying Margin Accounts)

Cash on hand and in banks mil. of dolCustomers' debit balances (net) do_ __Customers' free credit balances doMoney borrowed. .. do

BondsPrices:

Average price of all listed bonds (N.Y.S.E.),totaH _ _ . _ _ . _ dollars. .

Domestic _ _ _ _ _ _ d o _ _ _Foreign do

Standard and Poor's Corporation:Industrial, utility, and railroad (Al-f- issues):

Composite (21 bonds) cf _ _ _ d o l . per $100 bond..Domestic municipal (15 bonds) do

U.S. Treasury bonds, taxable^ doSales:

Total, excluding U.S. Government bonds:All registered exchanges:

Market value _ thous. of dolFace value do

New York Stock Exchange:Market value ... _ do__Face value do

New York Stock Exchange, exclusive of stoppedsales, face value, totals thous. of dol__

U.S. Government doOther than U. S. Government, total§ do

Domestic doForeign do

Value, issues listed on N.Y.S.E.:Market value, total, all issues § mil. of doL

Domestic doForeign __ _ _ do

Face value, total, all issues § doDomestic.-. ___ doForeign do

43064818887

200

148223218

9039

456

1 710

357

2,160

2,0821,059

5523

1,137483

13183

41034

1,023352647

1,121

1,017606411

797

647369

3453,2311,1192,075

91.7491.9080.72

98.9100.689.51

122, 594126, 495

120, 972124, 673

119, 8750

119,875114, 465

5,408

107, 711105, 251

1,448

117, 407114, 527

1,794

3,076

2,83765117069

890277

173161148

120

2,1861,461

439

873

74450424111

118

439231

3463,3111,1402,025

91.7791.9280.92

98.6100. 989.36

161, 393156, 838

158, 973154, 274

137, 7030

137, 703131, 844

5,859

108, 045105, 549

1,461

117, 734114,831

1, 805

1,452

1,33042011012

54213141

130149089

910324459

533

4603471141558

459415

3463,3691,1482,133

92.4792.6380.95

98.8102.390.13

157, 707146, 107

155, 965145, 264

130, 2675

130, 262124 296

5,966

109, 238106 718

1,481

118 133115,204

1 829

1

476783147124324

133219301

95441390

2,050

390

1,899

1,64474620451

1,000241

1428111

104162

899370448

983

82054227863

100

448243

3573,4311,1592,306

91.2891.4180.88

98.7102.388.90

165,314158, 556

163, 671156, 751

135, 8720

135, 872129 349

6, 523

105, 866103 266

1,475

115 981112, 965

1 823

5,780

5,61872412636

88516919

3022135

226

4,8943,971

639

869

7944903042946

639190

3743,4521,2262,221

90.9991.1281.67

98.1101.887.54

173, 645173, 744

170, 334164, 981

148, 9431

148, 942142 361

6,577

106, 401103 768

1 515

116 934113 883

1 855

2,132

1,84348123455

770132

41912463

116

1,362420881

754

600461139

9145

881428

3743,4101,1962,186

91.6091.7282. 14

98.0102. 287. 38

144, 550139, 007

142, 666137, 114

121, 6670

121, 667114 413

7, 254

107, 21 5104 573

1*525

117 052114' 009

1 856

494658104135374

100223246

71523374

1,839

469

1,921

1,72345715147

65610010

3367

10107

1,266443637

640

539405135

992

637295

3793,4581,2572,195

91.0391.1682.27

98.2103.487.37

199, 318175, 922

196, 941173 466

150, 5850

150, 585143 741

Q 844

106, 638103 966

l' 564

117 142114 053

1 Q01

4,511

4,20261921792

928290

9320

1716

143

3,5832,583

940

908

832612220

966

940563

3593,5671,2052,408

90.0290.1482.63

97.0102.286.21

168, 307152, 583

165, 266149, 690

137, 2840

137, 284131 689

5 595

106, 004103 343

1 574

117 751114 652

1 905

1,787

1,58262416738

82926625

348206

108

958338569

809

764556208

1727

569411

3643,5491,1882,411

89.6089.6487.42

95.0100.485.31

157, 377138 914

155, 137136 747

119, 1010

119, 101114 538

4 553

106, 396102 770

2 539

118 746114 647

2 905

607621231174552

164400296

88592459

1,856

385

2,275

1,97861425443

910236

153172022

100

1,364323995

890

814557257

1560

995245

3633,5461,0942,483

89.1789.1987.88

94.099.4

85.16

149, 949140 655

147, 850138 682

121, 943o

121, 943115 870

6 072

105, 872102 219

2 569

118 725114 607

2 W3

' 1, 452r 1, 334

'433r93'26

-•552' 155

9«• 173

9'8

r 118

'900350457

r 538

r 480r305r 175

r 7r 51

457246

3833,5281,0792,433

89.3289.3687 08

93.899 4

85.00

147 625140 515

146 184138 794

121, 325o

121, 325115 512

5 813

106, 135102 511

2 538

118 822114 711

2 914

' 1, 688

r 1,558'623r 117

13

••753'146' 14' 194

1936

r228r935

309r523

'737r 677'367r310

r 19'42

523467

374'3,4241,0352,416

88.2288.2287 24

94.3100 685.11

135 448131 301

133 845129 438

110, 616o110, 616105 166

5 449r 103, 924

101 253r 1 585

rl!7 895114 776r i 922

1,702

1,55859212024

736216

23111

557

161

966300473

721

665408257

1244

473325

3773,4061,0392,380

87 7187 7981 80

93.098 3

83. 15

156 380153' 568

154 805151 824

145, 137o145, 137140 018

5 119

103, 473100 826

1 573

117 967114 846

1 923

84.95

' Revised. P Preliminary.©See corresponding note on p. S-18. 9 Includes data not shown separately.§ Data include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds.c? Number of bonds represent number currently used; the change in the number docs not aft'ect the continuity of series.5 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.




1958


berDecem-

ber

1959

Janu-ary


ber October

FINANCE—Continued

SECURITY MARKETS— Continued

Bonds— ContinuedYields:

Domestic corporate (Moody's) percent..By ratings:

Aaa doAa _ _ do_ .A do...Baa _ _ _ do

By groups:Industrial doPublic utility doRailroad _ _ _ do...

Domestic municipal:Bond Buyer (20 bonds) ... do.Standard and Poor's Corp. (15 bonds) do

U S Treasury bonds, taxable § - do_.

Stocks

Cash dividend payments publicly reported:Total dividend payments-- _ .mil. ofdol.

Finance doManufacturing _ doMininf _ _ do.Public utilities:

Communications doElectric and gas _ do

Railroad - do ...Trade doMiscellaneous _ _ _ do

Dividend rates, prices, yields, and earnings, commonstocks (Moody's):

Dividends per share, annual rate (200 stocks) . dollars- .Industrial (125 stocks) doPublic utility (24 stocks). do _.Railroad (25 stocks) doBank (15 stocks) . - do ._Insurance (10 stocks) _ _ - _ - _ . . ... .do..-

Price per share, end of month (200 stocks) 9 doIndustrial (125 stocks) _ _ ... doPublic utility (24 stocks) doRailroad (25 stocks) . __ . _ do .

Yield (200 stocks) .. percent- _Industrial (125 stocks) doPublic utility (24 stocks) do _Railroad (25 stocks) doBank (15 stocks) doInsurance (10 stocks) . .. .. .-do

Earnings per share (at annual rate), quarterly:Indu° trial (125 stocks) dollarsPublic utility (24 stocks) doRailroad (25 stocks) do

Dividend yields, preferred stocks, 14 high-grade(Standard and Poor's Corp.) percent- -

Prices:Dow-Jones averages (65 stocks) _. -

Industrial (30 stocks)Public utility (15 stocks) _.Railroad (20 stocks)

Standard and Poor's Corporation:Industrial, public utility, and railroad:^

Combined index (500 stocks) 1941-43= ID-

Industrial total (425 stocks) 9 doCapital goods (129 stocks) doConsumers' goods (196 stocks) do

Public utility (50 stocks) doRailroad (25 stocks) do

Banks:N Y City (12 stocks) doOutside N.Y. City (17 stocks) do _

Fire insurance (17 stocks) do

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Market value - mil. of dolShares sold thousands

On New York Stock Exchange:Market value mil of dolShares sold thousands. _

Exclusive of odd lot and stopped sales (N.Y.Times) _ thousands.

Shares listed, New York Stock Exchange:Market value, all listed shares mU. of dol..Number of shares listed millions.

4.39

4.094.204.404.87

4.244.414.52

3.543.963.75

1, 723. 1

119.21, 143. 2

110.7

71.6151.359.041.526.6

5.255.712.513.253.774.07

141.29161. 3459. 3866.43

3.723. 544.234.894. 152.98

8.103. 60

19.09

4.58

179. 36521. 8280. 06

136. 96

48.96

52.4051 3438. 9037.9729.51

22. 5443.9828. 54

3,442115,052

2,92280, 695

71, 972

248, 3884,916

4.42

4.114.214.454.92

4.254.464.56

3.383.943.76

819.5

173.3271.8

8.5

174.4100.5

19.465. 46.2

5.275. 692.513.323.774.07

144.82165.0361.0869.12

3.643.454.114.804.142.75

4.64

186. 56539. 8582.07

146. 52

50.95

54. 5553. 6040.6539. 1531.23

23.2845.2529. 49

4, 823161, 286

4.17211.8, 112

95, 987

255,1174,933

4.40

4.094.214.434.87

4.234.404.56

3.303.843.70

314. 1

79.0117.4

2.5

1.391.52.8

13.26.4

5.225. 632. 523.353.774.07

147. 66168. 3762. 1872. 71

3.543.344.054.614.092.68

4.65

193.59557. 1085. 56

153. 80

52. 50

56.1155 2042. 4740. 7533.07

23, 5546.6831.83

3.991130, 626

3,40791, 504

74, 366

261,8284,959

4.38

4.084.184.424.85

4.244.394.52

3.403.843.80

2, 139. 0

268. 91, 337. 5

141.0

73.4161. 773.850. 831.9

5.245. 642.573.403.774.23

156. 81177.7566. 3773.89

3.343.173.874.604.002.54

10 703 639 52

4.63

196.91566. 4388. 09

155.00

53. 49

57. 0956. 8443. 3142. On33. 70

21.0348.1633.42

4.368146, 227

3, 68296, 124

75,018

276, 6655, 017

4.41

4.124.224.434.87

4.284.434.53

3.453.873.90

873.7

192. 3269.6

7.8

175. 1100.529.888.210.4

5.275 682.593.403.784.23

156. 98176.9366.6674.82

3.363.213.894.543.922.51

4.54

206. 21592. 2991. 66

163.87

55. 62

59. 3058.9844. 6543.9635. 53

24. 5650. 3534. 96

4, 982166. 968

4.195105, 627

83, 253

280, 8265,075

4.43

4.144.244.434.89

4.314.464.51

3.293.853.92

387.1

134.4118.0

2.5

1.493.46.1

23.18.2

5. 355. 722. 593.403.784.23

156.96175.4367. 4075. 48

3.413.263.844.503.692.48

4.52

205. 02590. 7291.03

161.69

54. 77

58. 3359. 3344.2343. 7135. 20

25.2350. 0834.78

3,790133, 963

3,14380. 357

65. 793

282, 1055, 089

4.40

4.134.234.404.85

4.284.434.51

3.333.763.92

1, 798. 6

123.71.184.6

105. 4

72.1156. 681.245.030.0

5. 355.722.593.403.814.23

155. 86174. 4768. 1273. 93

3.433.283.804.603.952.53

10 303.694 12

4.48

210.19609. 1293.68

162.56

56.15

59. 7961. 6745. 1045. 0635. 47

26.3052.0935. 60

5. 308186. 246

4, 330108, 433

82, 450

283, 2025, 106

4.47

4.234.324.454.86

4.354.494.56

3.503.844.01

810.7

156. 2275. 8

8.5

175. 8105. 721.060.27.5

5. 395. 752.603.403.814.23

163. 87184. 8267.2476.95

3.293.113.874.423.982.57

4.51

212. 12616.9992. 58

1 65. 30

57.10

60. 9262. 1045. 8745.1235. 94

24.7051.3734.22

4, 805149, 631

3,93491, 630

75, 887

294, 2565, 163

4.60

4.374.464. 614.96

4.464.674.67

3.613.974.08

317. 9

71.4124.5

3.2

1.694.82.5

13.36.6

5.415.802.603.403.814.26

166. 31188. 5866.2877.47

3.253.083.924.393.732.67

4.68

214. 78630. 8091. 33

166. 54

57. 96

62. 0964. 8147. 1244.3036. 07

25.1550. 4-733.39

4.901146, 658

4,11995,517

70, 969

299. 0445,270

4.69

4.464. 564.715.04

4.554.774.76

3.814.044.09

1,821.1

130. 41,210.0

108.3

73.2160. 362.148.028.8

5.415.802.603.373.814. 26

164.71187. 4864. 2578. 55

3.283.094.054.293.772.71

11 603.75

r 8 12

4.79

212. 34631. 5186.70

164.46

57. 46

61.7565. 5247. 0942. 5836. 02

25. 7751. 1531.66

4,325123, 504

3,67682, 027

64, 351

298, 7855, 463

4.72

4.474.584.755.08

4.584.794.79

3.594.044.11

852.9

177.4276.5

7.6

192.8107.917.765.47.6

5.415.802.603.373.814.31

170. 35196. 0766. 4977. 38

3.182. 963.914. 363.572.67

4.75

221. 03662. 8189. 10

169.09

59.74

64.2367.8249.8244.7736.86

26. 9853. 0033. 28

4,670133, 148

3,92991, 386

70, 889

309, 5205, 502

4.71

4.434.584.745.09

4.804.774.56

3.723.964.10

331.2

75.7127.8

2.5

1.596.55.5

13.78.0

5.395.772.623.413.814.33

169. 21194. 7067. 3974. 35

3. 192.963.894.593.572.74

4.70

219. 84660. 5891.24

163. 24

59.40

63.7466. 7349.1145.1535. 56

27. 2553.4633. 57

3,572102, 919

3,02669, 705

51, 052

304, 5695, 510

4.82

4.524 694.875.18

' 4. 684. 81)

'4.88

3.724. 134.26

* 1,884. 6

* 169. 51, 217. 4

106. 3

83.5165.960.049.932.1

5.395.772.633.413.824.33

161.30184. 6465. 6971. 49

3.343. 134. 004.773. 732.97

8.003.783.67

4.80

210. 97635. 4787. 67

155.38

57. 05

61.2164.1648. 1543.5933. 78

26.7253. 0231.56

3,37297, 364

2, 87567, 534

57, 518

290, 5«45. 629

4. S7

4.574.764.875.28

4.704.954. 90

4.11

833.2

160 6276.3

8.0

193.3104. 420.260. 59.9

5. 455. 852. 633. 483. 824.33

162. 37186.6065. 5170. 24

3.363.144.014. 953. 703. 03

212. 04637. 34

S7 8,157.51

1

j-...:::::

i

W.330

' Revised. *> Preliminary. 1 Includes $2.71 retroactive mail pay increase.§For bonds due or callable in 10 years or more.9 Includes data not shown separately.cTNumber of stocks represents number currently used; the change in number does not affect continuity of the series.


November 1959 SUEVEY OF CURKENT BUSINESS S-21


1958


berDecem-

ber

1959

Janu-ary

F|b™- j March April 1 MayI


INTERNATIONAL TRANSACTIONS OF THE UNITED STATES

BALANCE OF PAYMENTS (QUARTERLY)

"Exports of goods and services, total — - mil. of dolMilitary transfers under grants net doMerchandise, adjusted, excluding military trans-

actions J mil of dolIncome on investments abroad doOther services and military transactions do

Imports of goods and services total doMerchandise, ad justed Jcf doIncome on foreign investments in U S doMilitary expenditures doOther ser vices cf do

Balance on goods and services do

Unilateral transfers (net), total doPrivate doGovernment do

U.S. long- and short-term capital (net), total doPrivate doGovernment do

Foreign long- and short-term capital (net) doGold sales [purchases ( — )] doErrors and omissions _ do

FOREIGN TRADEIndexes

Exports of U.S. merchandise:Quantity 1936-38=100Value doUnit value _ _ do

Imports for consumption:Quantity _ doValue doUnit value _ do

Agricultural products, quantity:Exports, U.S. merchandise, total:

Unadjusted 1952-54=100Seasonally adjusted do

Cotton (incl. linters), seas, adj doImports for consumption, total:

Unadjusted.. . _. doSeasonally adjusted do

Supplementary imports, seas, adj _doComplementary imports, seas, adj do

Shipping WeightWater-borne trade:

Exports, incl. reexports§ thous. of long tons..General imports. _ do

ValueExports (mdse.), including reexports, total 1

mil. of dol. .By geographic regions: A

Africa doAsia and Oceania doEurope do

Northern North America.. _doSouthern North America. doSouth America do

By leading countries:AAfrica:

United Arab Republic (Egypt Region) doUnion of South Africa ..do .

Asia and Oceania:Australia, including New Guinea doColony of Singapore do...India and Pakistan do.

Japan doRepublic of Indonesia __ do. _Republic of the Philippines. ._ do

Europe:France _ _doEast Germany _ doWest Germany _ _ __ do

Italy do _Union of Soviet Socialist Republics.. doUnited Kingdom do

North and South America:Canada do

Latin American Republics, total? do

Argentina ...do. .Brazil _ doChile do .

Colombia doCuba. __.doMexico. _ doVenezuela.. ..do

6,120549

3,806703

1,062

5,3723,124

164841

1,243

+748

-1,090-123—967

-783-451-332+424+483+218

257554216

191523273

13114199

9410310998

9,01313, 614

1, 360. 9

36 2212 2345 0

290.3168.4158 1

3.212.7

21.41.8

39.0

51 33.5

22.1

25.40

53.8

34.70)74.3

290.3

307.4

18.839 910.5

12.845.761.554.1

300650216

206562273

15514062

107123111132

9,59115, 182

1, 598. 9

40 5224 0416 2

322.1183.7185 5

4.315.4

18.42.0

36.8

59.94.1

27.9

33.30)67.8

35.9.3

102.1

322.1

344.6

23.245 013.8

15.053.173.364.5

300649216

193529274

15112794

100115120112

8,89012, 944

1, 596. 2

73 7247 9412 0

283.5161.7187 3

5.917.5

22.92.1

36.9

67 33.3

34.2

32.11

62.2

42 3.6

81.8

283.5

325.6

26.439 511.2

15.643.260 871.6

6,673531

4,176913

1,053

5,4253,517

188838882

+1, 248

—1,147-142

—1,005

-892-726-166+531+347-87

282613218

220599273

15212467

11810712699

7,03115, 057

1,513.6

46 8250 8384 0

278.0166.5205 3

4.517.8

13.32.0

on r

81 04.8

25.0

33.20

62.7

35 31.4

85.5

278.0

350.5

30 658 110 7

13.940.571 869.5

260568219

203553272

14213353

10390

10681

7,65014, 739

1, 400. 4

58 3248 4366 2

262.0142.9170 7

3.618 0

16.02.3

51 2

75 73.5

16.5

27 50

52.3

36 41.5

67.0

262.0

293.0

18 141 610 4

16 432.757 863.0

237519219

200543271

11511152

113106109104

6,14913, 995

1, 280. 2

36 3227 7304 8

274 7136.5144 6

3.514 6

14.22.2

72 83 6

16.6

23 21

52.0

25 7.9

61 8

274.7

260.5

15 329 111 1

14 232.855 655.8

5,866485

3,798635948

5,4223,604

180801837

+444

—1, 104-140—964

—472-383-89

+819+96

+217

270591219

231621269

13512578

127111113110

7,02315, 503

1, 456. 3

80 9263 9337 2

321.2141.7167 1

3.719 6

15.32.4

51 7

73 55 0

23.7

24 6(i)56.5

34 5.1

50 9

321 1

289.0

13 246 210 8

15 431 159 960.9

272596219

219589269

13413976

118102103101

7,32712, 392

1, 468. 0

52 8246 1351 4

327.1151.0165 4

10.518.3

15.42.6

42 0

73 34.5

20.8

28.2(i)60.4

28 7.4

60 2

327 1

296.6

14 236 210 4

17 433 463 263.4

291630217

224608271

15215582

114121110131

8,6243 14, 159

1, 551. 8

55 1254 4365 6

349 5149.0185 4

11.719 4

18.52 9

40 7

70 84' 8

24.9

30 73

56 9

32 2.1

68 9

349 5

312.6

15 843 314 2

20 238 156 969.7

4 069684

1 048

5 9683,885

194821

1,068

-134

—2, 300-611

—1, 689+1, 961

+741+297

266578217

240651271

14216177

105108110106

8,16217, 532

1, 425. 7

67 2253 6332 0

353 9149 2158 0

10.218 8

17 92 4

41 9

71 84 4

26.9

20 94

56 9

31 8.'4

61 2

353 9

288 7

18 628 410 3

17 240 162 463.0

275596217

223603270

152198100

9610711898

2 1, 468. 6

4.Q «

249 2372 4

320 9153 0168 1

6.118 3

21 32 8

35 3

80 57 5

22.9

23 5d\61 4

36 0.6

60 2

320 9

301 2

22 927 411 4

18 439 665 465.7

261568218

214581272

13617063

116126118133

1, 396. 7

52 6240 6366 9

297 6138 0160 7

10.020 0

30 32 2

29 2

70 18 1

22.4

21 7o62 0

30 3.1

62 5

297 6

279 2

26 230 89 5

18 036 657 454.4

*> 275v 601v 219

243658271

1, 479. 0

51 0240 1445 3

302 9147 1173 9

5.716 9

31 03 1

25 2

63 54 4

24.7

27 5m65 1

41 2. 1

120 7

302 8

298 8

23 035 711 6

17 638 756 562.6

' Revised. p Preliminary. i Less than $50,000. 2 Includes carryovers of approximately $15 million from May and June; appropriate amounts are included in components.3 Revision for May 1958 (units as above): Imports, 12,527. {Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing cf Excludes military expenditures§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.IData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construc-

tion" shipments) are as follows (mil. dol): September 1958-September 1959, respectively—121.6; 181.3; 188.5; 135.0; 114.5; 96.7; 81.2; 125.1; 140.9; 78.1; 114.6; 97.1; 79.7.AExcludes "special category" shipments. 9 Includes countries not shown separately.


S-22 SURVEY OF CUERENT BUSINESS November 1959


1958


berDecem-

ber

1959

Janu-ary


ber October

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued

FOREIGN TRADE— ContinuedValue — Continued

Exports of U.S. merchandise, total ̂ mil. of dolBy economic classes:

Crude materials _ _ __ _ doCrude foodstuffs doManufactured foodstuffs and beverages doSemimanufactures 9 — - - doFinished manufactures 9 do

By principal commodities:Agricultural products, to talc? do

Cotton, unmanufactured doFruits, vegetables, and preparations _ _ _do__Grains and preparations doPackinghouse products doTobacco and manufactures do

Nonagricultural products, totalcf do

Automobiles, parts, and accessories doChemicals and related products! doCoal and related fuels do _Iron and steel-mill products do

Machinery, total§cf do

Agricultural _ doTractors, parts, and accessories _ do_.Electrical doMetal working § _ _ do__-Other industrial - do_

Petroleum and products doTextiles and manufactures _ _ _ do

General imports, total _ doBy geographic regions:

Africa doAsia and Oceania _ _ _ do_.Europe do

Northern North America doSouthern North America _ __ _ do _South America do

By leading countries:Africa:

United Arab Republic (Egypt Region) d o _ _ _Union of South Africa ___ __ __do

Asia and Oceania:Australia including New Guinea doColony of Singapore doIndia and Pakistan _ _do.Japan doRepublic of Indonesia do _Republic of the Philippines do

Europe:France doEast Germany __ _ do .West Germany doItaly doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada do

Latin American Republics, total cf- do _

Argentina doBrazil do .Chile doColombia -- _ _ _ _ doCuba doMexico __do_ _Venezuela do

mports for consumption, total doBy economic classes:

Crude materials doCrude foodstuffs _ _ __ do _Manufactured foodstuffs and beverages... _ _ d o _Semimanufactures _ doFinished manufactures _ _ do ..

By principal commodities:Agricultural products, total d"1 - do

Cocoa (cacao) beans incl shells doCoffee doHides and skins _ doRubber, crude, including guayule__ do __Sugar doWool and mohair, unmanufactured do-__

Nonagricultural products, totalcf1-.. _ do.__Furs and manufactures doNonferrous ores, metals, and mfs., totalcf --do

Copper, incl. ore and manufactures _ -do __Tin including ore do

Paper base stocks doNewsprint - do_ __Petroleum and products do

1, 35L 1

160.7108.888.7

182.6810.2

297.2

30.231.6

110.418 952.6

1, 053. 8

80.4106.147.945.9

289.3

8.122.580.222.5

142.3

44.746.7

1,074.0

38.0178.3285.3

257.9125.7188.7

.28.2

4.32.7

18.855.415.322.2

23.7.1

55.820.11.9

78.0

257.7

276.0

11.244.311.830.344.330.868.7

1,071.7

238.8137.3131.1236.8327.8

302.86.2

83.53.5

20.243.511.3

768.94.8

93.88.67.7

28.548.7

129.1

1, 584. 1

199.1114.6104,4222. 4943. 5

357. 6

25.240.4

117.122 171.3

1, 226. 5

97.3119.947.660.1

316.1

7.924.189.227.6

152.7

49.054.8

1,141.8

46.2193.7319.8

252.2120.2209.7

.18.4

8.44.1

14.664.118.420.5

31.5.9

57.233.22.3

82.8

252.1

289.7

11.449.913.736.532.732.677.7

1,153.3

244.5173.0130.3241.2364.2

334.97.2

109.04.5

22.832.016.1

818.43.3

72.218.28.9

29.255.2

142.7

1,581.6

195.8109.087.9

213. 4975.6

341.8

45.628.8

109.524 247.8

1, 239. 8

114.9117.942.757.5

319.8

8.118.291.733.2

154.9

51.049.5

1, 089. 0

35.9181.6316.1

230.0123.3202.1

.35.2

5.42.9

16.362.314.121.4

30.02

57.326.1

.884.3

229.6

292.7

11.451.213.231.434.235.375.0

1, 084. 8

222.7159.5128.6219.4354.6

316.07.5

100.64.0

22.530.615.6

768.83.7

74.219.36.4

27.755.9

135.6

1 493.6

161.4124 190.9

191.9925.2

337.5

39.828.7

119.519 143.0

1, 156. 1

127.7113.531.844.6

313.9

8.317.892.835.7

143.0

39.447.7

1,253.4

53.5209.8353.6

233.0161.1242.5

.310.7

10.64.1

20.766.316.415.5

36.2.6

65.531.9

.684.3

233.0

354.1

17.169.419.325.935.943.287.5

1, 229. 1

266.6192.6128.3259.9381.7

369.434.1

103.55.2

30.832.118.0

859.721.481.520.89.2

28.454.3

166.7

1, 384. 8

143.4130.078.6

189.2843.6

310.0

30.023.4

130.123.726.4

1,074.8

104.0115.234.345.1

287.8

8.522.370.129.3

142.9

40.844.6

1,154.2

43.6216.7339.6

184.9163.7205.7

4.57.8

10.83.6

20.366.617.619.9

32.1.4

65.226.84.2

82.0

184.7

313.7

12.043.320.922.829.346.384.7

1, 134. 5

262.7145.4120.1242.5363.7

328.418.379.66.4

32.735.921.3

806.115.181.315.313.129.543.2

158.5

1,266.0

113.3107 865.8

175.8803.3

249.5

26.524.5

104.720 018.8

1,016.4

104.2116.625.644.0

291.2

10.825.871.925.4

142.3

35.742.8

1,118.1

47.9198.1312.4

193.9160.8205.1

.710.6

12.52.9

16.660.418.118.8

28.6.3

60.125.23.1

79.9

193.8

316.9

8.652.515.528.432.949.982.1

1,113.3

243.8165.6110.8255.5337.6

333.812.7

108.25.5

29.537.718.7

779.510.070.716.29.5

27.244.2

166.7

1,441.3

134.0120. 1

76.7191.9918.6

292.0

36.327.3

118.621.431.8

1, 149. 3

118.0122.229.951.0

326.9

14.131.781.227.1

158.1

39.253.5

1, 300. 9

59.7240.7370.6

227.9175.1226.9

6.69.0

11.72.6

22.083.112.627.4

34.3.3

70.628.62.3

89.7

227.9

345.2

13.260.817.023.943.653.291.8

1, 274. 0

255.7176.4130.3303.9407.7

370.814.8

106.09.7

28.947.523.8

903.19.8

91.420.810.226.751.7

173.4

1, 452. 1

131.9113.478.8

203.6924.5

296.5

31.729.5

111.020 624.6

1, 155. 6

118.1119.531.952.7

354.0

16.233.880.832.0

166.5

45.249.3

1, 220. 9

57.0239.0376.6

234.5139.7174.2

1.110.4

19.81.6

23.079.515.925.8

33.8.3

75.229.21.5

95.7

234.5

286.9

10.949.515.622.750.142.661.4

1, 209. 0

236.6153.9142.6258.2417.8

353.715.684.38.9

26.246.621.9

855.48.5

86.417.29.4

29.554.1

102 6

1, 535. 3

141.1131.290.6

214.9957.5

325.1

31.133.1

129.822.426.5

1, 210. 1

118.3130.134.253.6

356.3

15.835.188.632.4

169.6

42.754.4

1, 263. 8

42.3231.4393.9

264.7138.2193.3

.47.6

16.71.7

21.978.113.627.8

43.4.3

75.231.91.0

102.5

264.5

306.1

12.153.815.830.849.740.462.4

1, 247. 3

246.0161.0142.1261.5436.6

360.816.593.07.9

28.451.521.0

886.57.9

91.920.68.9

27.760.398 9

1, 409. 5

133.6122.192.1

203.3858.4

304.9

29.737.5

122.522.426.1

1, 104. 6

105.2121.229.458.5

329.2

16.334.974.824.2

164.4

42.047.8

1, 369. 4

49.8264.8399.7

301.6143.3210.1

.411.1

18.32.5

20.388.922.929.4

42.0.9

80.232.51.8

98.0

301.4

322.2

15.738.517.331.454.434.986.9

1, 335. 5

287.9136.6147.7306.1457.2

336.814.974.39.0

29.152.318.7

998.78 9

111.026.619 729.959.5

142 2

1, 454. 0

138.6137.996.1

213.5867.8

327.2

15.932.2

132.523 826.0

1, 126. 7

101.1122.936.854. 1

319.4

15.132.378.021.7

157.4

42.847.4

1, 248. 4

43.8246.0406.7

267.6122.9161.3

1.99.4

17.32.4

20.091.315.130.9

43.5.6

80.733.62.0

106.7

267.5

259.4

8.631.515.128.056.227.257.6

1, 236. 1

244.8116.2149.1270.8455.2

317.19.4

61.67.4

32.158.115.2

919.06 5

94.819.95 7

29.954.293.9

1, 384. 1

130.6117.299.3

208.3828.7

298.2

11.635.6

119.523 539.2

1, 085. 9

83.5123.139.835.3

308.1

11.727.577.924.9

152.2

38.352.1

1, 189. 8

40.6253.4341.6

249.5103.2201.5

.45.9

17.32.5

19.688.414.034.4

37 8.2

66.834.52.3

85.6

249.3

280.7

9.770.614.727.443.624.860.7

1 190. 7

251. 8144.9137.0253.8403.1

351.69 4

99.55.6

32.048.314.7

839.14 5

87.722.25 5

28 554.9

102 8

1, 464. 2

186.2114 4102.4226.7834.5

361.2

26 033.5

111 325 981 8

1 103 0

89 7139 636.529 4

316 9

9 633.081 522.2

156.2

39 058.7

1 391 8

58 8288 4424 7

254 9112 3252 5

28.9

22 52 0

20.399 317.836.0

42 5.3

87 334.03 6

102 9

254. 4

334.2

10 182. 121 743 843 125 666 1

1 348 7

264 6190 6162 9274 3456 3

418 614 4

136 79 2

35 050 520 7

930 15 9

94.331 114 428 258 8

115 6

r Revised. » Preliminary.1 See similar note on p. S-21. 9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures. Încludes data not shown separately.§ Excludes "special category, type 1" exports.




1958


berDecem-

ber

1959

Janu-ary


ber October

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Airlines§

Scheduled domestic trunk carriers:Financial operations (quarterly totals):

Operating revenues, total 9 mil. of dolTransport total 9 do

Passenger doProperty _. do_ __U.S. mail (excl. subsidy) do

Operating expenses (incl. depreciation) doNet income (after taxes) do

Operating results:Miles flown, revenue thousandsExpress and freight ton-miles flown doMail ton-miles flown doPassengers originated, revenue _ _ doPassenger-miles flown, revenue millions

Express Operations

Transportation revenues thous. of dolExpress privilege payments do

Local Transit Lines

Fares, average cash rate ___cents__Passengers carried, revenue _ _ __ millionsOperating revenues mil. of dol

Class I Motor Carriers (Intercity)

Carriers of property (quarterly totals):Number of reporting carriersOperating revenues, total mil. of dolExpenses, total doFreight carried (revenue) mil. of tons

Carriers of passengers (quarterly totals) :Number of reporting carriers _Operating revenues, total mil. of dolExpenses, total _ doPassengers carried (revenue) millions

Class I Railroads

Freight carloadings (A. A. R.):^Total cars thousands

Coal __. doCoke doForest products _ _ _ do

Grain and grain products .. _ doLivestock doOre ___ _._ doMerchandise, l.c.l do_Miscellaneous do

Freight carloadings, seas. adj. indexes (Fed. Res.):Total 1935-39-100

Coal __ doCoke doForest products do

Grain and grain products... _ doLivestock doOre doMerchandise, l.c.l .. _ doMiscellaneous do

Financial operations:Operating revenues, total 9 _ . mil. of dol

Freight doPassenger _ do

Operating expenses doTax accruals, joint facility and equipment rents

mil. of dol _Net railway operating income do _Net income (after taxes) % __ _ __ do

Operating results:Freight carried 1 mile __ mil. of ton-milesRevenue per ton-mile __ centsPassengers carried 1 mile (revenue) millions.

Waterway Traffic

Clearances, vessels in foreign trade:Total U.S. ports _ _ _ thous. of net tons

Foreign vessels do_United States vessels _ _ do

Panama Canal:Total thous. of long tons

In United States vessels do

403.9401.9365.825.18.6

365.821.8

61, 69328, 1878,1893,4322,100

33, 94012, 268

17.3••638

104.8

875966.7925.058.0

139126.2100. 863.6

2 57146028

156

21434

222200

1,257

1069993

121

14149

13431

115

846.9*• 724 4

52.1

630 1

123.393.672.7

50, 1641.4751,806

12, 91610, 7412,175

3,494949

59, 37029, 4879,1233,5632,101

33, 36311, 832

17.3695

116.7

' 3, 410'594'39

••203

'331r 61

r257'238

r 1, 686

10998

101124

18857

12229

117

903.0777 250.5

651 2

137.1114.796.8

54, 6431.4601,706

13, 70211, 2922,410

4,098873

49, 04624, 2628,3472,9571,777

30, 6718 737

17.5635

108.9

3,13558342

190

29140

174218

1,596

110100112128

16943

12228

119

809.5688 751.2

623 8

105.580.263.1

50, 1311.4161,689

12, 53810, 3572,181

4,072988

371.6365.3327.624.710.2

337.216 7

46, 18025, 37911, 8342.7401,779

41, 99816, 154

17.6693

122.2

8721, 102. 21, 062. 3

65.7

142102.391.559 1

2,18646734

135

2011856

1561,121

109100109126

15733

16527

117

836.8684 966.9

656 0

103.277.688.4

46, 6611.4882,205

12, 47210, 5261,946

4, 106846

i 57, 8661 23, 406

1 9, 078i 3, 255i 2, 061

29 4208,136

17.6641

111 3

2,74255742

176

2672476

1921,408

11194

104133

15638

22126

120

784.2660 557.9

644 5

103.536.221.5

47, 6251.4341,924

12, 68710, 9481,739

4,365953

56, 65923, 4788 7283,1261,921

29 0498,414

17.7605

105 9

229144638

148

2141562

1681,199

11192

113125

15434

21827

123

748.3637 849.0

609 2

99.339.820.0

45, 3601.4411,567

11, 0109,3981,612

4 231853

i 407. 6i 404 01367 4

1 24.81 10 0

1391 61 o o

64 79528. 3269 9933.7052,305

33 96613 075

17.7673

115 8

9071 073 11 025 2

65.9

13690 685 851 9

2 398412

44158

2041975

1761 312

11384

136127

15542

22928

128

857 9734 651.4

655 5

123.279.158.0

51, 2321.4621,705

12, 36510, 4281,937

4 7261,055

63, 02926. 9639,5883,7432,260

31 40311, 839

17.7668

117 4

2,48940744

155

19122

127171

1,373

11585

141127

15344

17327

133

856.4736 848.3

652 7

121.382.362.4

51, 2311.4741,582

11, 8379,7852,052

4 264964

64, 04127, 7879 5633,8192,295

30 47111, 330

17.8667

115 9

3 41954655

206

24328

365209

1,767

11892

144130

15944

17327

134

879.5756 950.5

667 9

124.287.571.7

55, 4401.4211,691

13, 88611, 5012,385

4 8611 344

1 464. 11 460 71 420 6

1 26.91 10.3

1 421. 4i 22 2

64 06028, 5459 2014, 1142,629

32 23113 029

17 9630

110 9

9001 181 81 102 6

70 5

138109 893 957 9

2 81347142

164

24017

319162

1 397

11592

136129

16935

18026

129

899 8765 761 5

674 2

136.389 472 6

53, 5071.4672,123

4 7481 290

65, 89827, 8449 1303,9832,593

29 40610, 401

18.0597

112 2

2,24925128

154

24215

190156

1,214

966181

129

143358825

114

821 6687 364.2

658 5

114.248.931.3

46 1791. 5312,296

4 8371 218

66 54829, 3428 9974,1932,735

30 29211 033

18.1571

107 1

2 71249115

211

2652454

2051 448

958140

130

135372526

108

774 4642 762 4

629 4

105.139 925 2

47 090

4 5421 114

18.1631

2 190403

12163

2013235

1651 179

968742

127

132462126

108

769 2648 749 9

45.8

4 3341 091

2 908542

16202

2845550

2131 546

989042

123

16152

26107

T Revised. *» Preliminary. 1 See note marked " §."§ Data beginning 1959 include operations intra-Alaska and intra-Hawaii, not included in earlier figures.9 Includes data not shown separately.cTData for August, October, and November 1958, and January, May, August, and October 1959 cover 5 weeks; other months, 4 weeks.t Revision for August 1958, $74,400,000.


S-24 SURVEY OF CUEEENT BUSINESS November 1959


1958


berDecem-

ber

1959

Janu-ary


ber October

TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION— Continued

TravelHotels:

Average sale per occupied room. . dollars-Rooms occupied percent of totalRestaurant sales index! same month 1951 ~ 100

Foreign travel:U S citizens- Arrivals thousands

Departures _- doAliens* Arrivals do

Departures -_ doPassports issued and renewed do

National parks, visits§ _- doPullman Co.:

Revenue passenger-miles millionsPassenger revenues thous. of dol

COMMUNICATIONS

Telephone carriers:Operating re venues 9 mil. of dol

Station revenues - doTolls, message - do _ .

Operating expenses, before taxes doNet operating income _ _ _ - doPhones in service end of month millions

Telegraph, cable, and radiotelegraph carriers:Wire-telegraph:

Operating revenues thous. of dolOperating expenses, incl depreciation _ doNet operating revenues _ - do _ -

Ocean-cable:Operating revenues __ _ _ do__Operating expenses, incl depreciation _ _ doNet operating revenues do

Radiotelegraph:Operating revenues _ _ do_-Ope rating expenses incl depreciation doNet operating revenues - do - -

8.8469

108

1881291127938

2,061

2834,389

601.1344.0201.6363.8100.557.6

21,27618, 8731,726

2,8302,211

357

3,6452,837

701

9.3775

113

141105877034

1,333

3054,726

620.0351.7212.1383.5100.457.9

22, 70619, 5942,506

3,0062,239

505

3,8562,887

876

9.0765

106

10991736028

584

2974,645

602.7348.8197.1360.5102.658.1

19, 05317, 585

926

2,6822,011

432

3,4582,804

560

8.2254

113

105115757730

411

4156,440

635. 3357. 9219.1398.899.758.5

20, 25716, 6123,287

3,0952,204

637

3,8763,185

619

8.5667

117

115118746048

428

3705,845

624.7357. 3208.8376.9102.158.7

20, 93818, 6571,264

3,0152,281

464

3,7222,929

668

8.6469

118

117128655458

478

3186,130

610.1354.6197.2363.9101.859.0

19, 92117, 2751,680

2,8012.211

349

3,5062,720

651

8.2866

114

150148826686

630

3115,063

641.3359.8223.3387.9105.159.2

22, 38118, 6762,664

2,9602,274

430

3,8842,923

829

9.1172

116

139144826495

746

2684,356

643.5363.9219.2387.4106.559.6

21, 87818, 4852,355

3,0212,356

395

3,9492,922

900

8.4868

121

143159957993

1,348

2554,124

648.4364.7222. 6388.9108.259.9

21, 92018, 9201,959

2,8882,413

214

3,8242,949

750

9.0869

117

165224

999984

3,158

3014 813

652 5367.5224.5392.8107.860.1

22, 82818, 9602,849

3, 0552,388

435

4, 0393,004

899

8.4260

117

1992261059865

5,306

3024,829

656 6366.2229.3408.5103.260.4

21, 89719, 7201,171

3,0942,364

411

4,0023,080

810

9.4164

110

252

121

515,612

3004,786

654.3365.8226. 9390.5110.360.6

21,90518, 8122,218

2,9362,246

367

3,9133,060

721

9.2870

116

442,130

9.6573

114

37

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:Acetylene J mil of cu ftAmmonia, synthetic anhydrous (commercial)

thous. of short tons_Calcium carbide (commercial) doCarbon dioxide liquid gas and solidf doChlorine gas doHydrochloric acid (100% HC1) do__-

Nitric acid (100% HN03) do _.Oxygen (high purity) t mil of cu. ftPhosphoric acid (100% P2bs) thous. of short tonsSodium carbonate (soda ash), synthetic (58% Na2O)

thous. of short tonsSodium bichromate and chromate doSodium hydroxide (100% NaOH) doSodium silicate (soluble silicate glass), anhydrous

thous of short tonsSodium sulphates (anhydrous, refined; Glauber's salt;

crude salt cake) thous. of short tonsSulfuric acid (100% H2S04)J do

Organic chemicals:cfAcetic acid (synthetic and natural), production

thous of IbAcetic anhydride, production _ doAcetylsalicylic acid (aspirin), production doAlcohol, ethyl:

Production thous. of proof gal _Stocks, end of month, total do

In industrial alcohol bonded warehouses doIn denaturing plants __ _ _ do

Used for denaturation doWithdrawn tax-paid _ . -do

Alcohol, denatured:Production _ _ _ thous. of wine galConsumption (withdrawals) _ . do _Stocks, end of month do

Creosote oil, production thous. of galDDT, production thous. of lb_-Ethyl acetate (85%), production doEthvlene glycol, production doFormaldehyde (37% HCHO), production do -Glycerin, refined, all grades:

Production . _ _ d oStocks f*nd of month do

Methanol, production:Natural thous. of galSynthetic do

Phthalic anhydride, production thous. of lb__

942

304.876 574 2

304 166.9

223.73 291138.7

r 362. 49 8

330 3

38.7

88.21, 262. 6

53 64490, 452

1,456r 38, 127

30, 75427,7123,042

43, 741725

23, 630r 24, 475

r 6, 975

8,52012, 2919 654

89, 410134, 494

19, 35440 622

14920, 1 5125, 300

1 037

326.081 868 2

335 176.7

254.53,725144.4

393.99 6

367 8

45.8

85.51, 455. 6

54 08789, 683

1,990

40, 47026, 56923, 2253,344

41, 875583

22, 64722, 731

7,017

11, 15212, 7458,681

99, 042148,011

23, 40440, 403

13521,69827, 570

988

333. 988.356 4

335. 478.0

258. 13,676144.6

378.19 8

374 0

49.7

84.11, 479. 5

57 31179, 908

1,745

39, 01930, 67227, 5833,089

34, 173581

18,37119, 3995,975

8,62012, 3879, 121

85, 493135, 867

20, 06440, 362

11321, 29528, 844

1 024

324.692.856 8

335.275.8

244.83,765143.3

361.49 0

372.8

43.6

84.81, 494. 8

49 68892, 1451,530

41, 57632, 56229, 697

2, 86539, 333

635

21, 20722, 1315,128

9,08113,0417,189

90, 277128, 716

21,99842, 149

14222, 17929, 571

1 031

338.879.262 4

331.480.3

240.83,992151.0

357.09 7

364 4

35.5

85.51, 464. 3

58 61490, 5251,890

38, 14328, 59326, 2992,293

39, 112692

21, 00721, 723

4,449

6, 91712, 9326, 821

97, 210137, 067

22, 00042, 400

15822, 83729,018

957

326.581.759 6

310.978.3

241.04,016145.6

362.38 5

335 6

33.3

76.51, 406. 3

47 29079, 9511 387

35, 79531,67128, 7712,900

33, 474634

18, 04118, 1844,311

7,42311,4226,908

87, 747129, 545

20, 50044, 800

15520, 67023, 995

993

384.195.369 4

351.885.0

267.24,656166.9

416.89 6

387.2

43.3

89.31, 579. 9

57 57086, 9491,512

42, 99529, 64527, 1272,518

43, 267714

23, 24323, 5074,107

10,41712, 62910, 33994, 036

148, 461

21, 00043, 100

19219, 77434, 223

996

400.280.977 4

341.582.7

268.14,652168.2

404.510 9

375 9

53.8

89.61, 595. 9

48 72990, 445

1,797

46, 68428, 94726, 6232,324

43,112685

23, 19522, 9394,358

7,81913, 4405,394

91, 187144, 117

19, 90039, 600

15618, 84933, 316

1,052

413.182.588 8

368.888.3

261.74,728163.6

434.610 4

402.2

54.0

88.71, 578. 6

57 73489, 6561,610

44, 60628 62525, 7922,834

42, 943753

23, 10521, 8885,559

8,72714, 0958 441

94, 677141, 493

21, 10036, 700

20321, 14434,911

961

386.887.997 5

349.587.6

233.04,639147.9

413.110 0

387 9

39.1

85.51, 469. 5

57, 44188, 7331,393

47, 62832, 74729, 9622,785

42, 494771

22, 87021, 609

6,744

9,05214, 6049 359

94, 808149, 652

24, 60038 900

19221, 80031, 850

994

366.588.4

108 4359.286.6

233.43 207140.3

419.710 2

394 7

30.4

84.61, 365. 1

r 58, 54692, 6791,012

41, 32534 848

40 003708

21, 51922, 788

5,453

6,66012, 8097,248

91, 956128, 515

18, 50035, 000

19222, 26532, 731

980

342.681.4

104 4364.089.9

241.82,066154.1

423.89.4

398. 7

36.0

85.61,310.9

58 97193,8601,361

41, 12134, 110

38, 661594

20,81921, 4394,825

5,58712, 7177 923

96, 410148, 129

23, 70034 000

17922 69930, 970

359.079.0

364.389.2

261.3

153.4

406.5

397.5

1, 332. 8

39, 55732, 269

38 348714

20, 68821,9653, 506

25,40032 900

r Revised. * Preliminary.t Revised series (first shown in October 1959 SURVEY), reflecting change in comparison base period; monthly data for 1953-July 1958 are available upon request.§Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska and Hawaii National Park, Hawaii. Comparable data for earlier periods will be shown

later. 9 Includes data not shown separately, t Revisions for 1957 will be shown later; those for January-July 1958 for acetylene, carbon dioxide, and oxygen are in October 1959 SURVEY(bottom p. S-24).

cf Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

November 1959 SUKVEY OF CUERENT BUSINESS S-25


1958


berDecem-

ber

1959

Janu-ary


ber October

CHEMICALS AND ALLIED PRODUCTS—Continued

FERTILIZERS

Consumption (10 States) § thous. of short tonsExports, total 9 short tons

Nitrogenous materials _ doPhosphate materials doPotash materials. _ do

Imports, total 9 doNitrogenous materials, total 9_ _ _ _ _ _ do

Nitrate of soda doPhosphate materials _ _ _ _ doPotash materials do

Potash deliveries doSuperphosphate and other phosphatic fertilizers (100%

A.P.A.):Production _ _ __ _ short tonsStocks, end of month do

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments:Black blasting powder _. _ _ thous. of Ib -High explosives - do

Paints, varnish, and lacquer, factory shipments:Total shipments mil. of dol

Trade products . do _Industrial finishes do

Sulfur (native):Production thous. of Ions: tonsStocks (producers'), end of month do-._

SYNTHETIC PLASTICS AND RESINMATERIALS

Production:Cellulose acetate and mixed ester plastics:

Sheets rods and tubes thous of IbMolding and extrusion materials do

Nitrocellulose sheets rods and tubes do

Phenolic and other tar acid resins doPolystyrene doTJrea and melamine resins doVinyl resins -- doA Iky d resins __ _ __do _

Rosin modifications _ _ do _ _Polyester resins - do _Polyethylene resins doMiscellaneous do -

340477, 045

25, 558399, 13646, 594

234, 742137, 15830, 10821,61037, 224

115, 781

170, 431336, 078

30577, 177

145. 692.153.5

3364,652

3,9478,215

223

39, 90055, 25728, 30282, 13330, 375

10, 6658,730

75, 25215, 816

435412, 294

70, 755300, 83929, 577

239, 379144,48455, 97211,11056, 584

205, 581

210, 373323, 380

26979, 494

141.083.157.9

3484,530

3,71710, 035

271

46, 20558, 82330, 10888, 55132, 558

11,32712, 43379, 30919, 386

367396, 415

67, 836262, 51853, 373

167, 44456, 33312, 0605, 394

30, 160

102, 269

211, 183359, 511

20970, 349

123.070.152.9

3604,462

3,4758,542

227

43, 78662, £6027. 69285, 64926, 262

10, 3829,246

78, 66618, 666

329341,862

64, 923214, 93041,441

191,448128, 74349, 87512, 94231, 863

249,613

215, 867378, 734

20870, 643

108.757.351.4

3784,442

4,2388,432

161

44, 29561,00326, 50381, 56326, 901

10, 14510, 84283, 69219, 137

411338, 184

53, 558249, 661

25, 648

136,00382, 37123, 4564,003

28, 390

113, 247

225, 616385, 448

35261,215

125.571.254.3

3464,427

4, 5808,810

294

44, 00862,24129, 16283, 65930, 683

10, 46911,04187, 329

1 23, 057

581447, 716122, 223276. 33730, 316

222, 337126, 27228, 01914, 24345, 387

166, 899

236, 354383, 647

20567, 404

120.767.753.0

3184,376

3, 8527, 954

290

41,81960, 90527, 69382, 93729, 649

10, 19410, 71278, 419

i 21, 592

1,491476, 84483, 044

319, 45062, 689

271, 328153, 10048, 46110, 98748,412

276, 146

265, 920299, 965

12773, 523

150.787.763.0

3744,325

3,7139,049

288

47, 9.r673, 70630, 06492, 31034, 023

10, 60414, 78395, 133

i 26, 164

1,799464, 11443, 281

354, 75458, 321

304, 488163, 52545, 2838,642

51, 184

360, 096

257, 522179, 589

31686, 657

170.7103.067.7

3914,248

4,6349,432

317

44, 94367, 62531, 56592, 12236, 373

12,41315, 69198, 312

1 25, 903

1,488471, 22939, 425

375, 55840, 118

210, 864129. 81953, 2399,864

15, 349

193, 210

241, 899160, 279

20880, 427

173.0104.168.9

3894,156

3,8828,121

315

46, 56773,91530, 37098, 88435, 729

12, 51814, 068

104, 549i 24, 192

789473, 00240, 778

393, 90626, 446

233, 441143, 52938, 83733, 27020, 582

85, 226

188, 788240, 179

12480, 696

175.9106.569.4

3474,079

4,0288,292

304

46, 32072, 31233, 96798, 40534, 395

12, 60113, 68098, 907

i 26, 468

316530, 04362, 390

438, 59025, 334

371, 174287, 017

45, 41825, 98534, 857

114, 563

169, 247284, 881

8472, 245

166.7102.963.8

3183,988

4,4378,012

250

39, 95265, 72323, 470' 94, 272r 30, 587

' 10, 70611, 686

100, 477^22, 434

256462, 443

34, 861368, 917

40, 171

323, 819200, 98032, 6516, 122

93, 022

223, 688

178,067292, 913

14175, 282

158.498.460.0

3693,876

4,0868,690

238

45, 77569, 21028, 32498, 76632, 200

11, 42811, 492

103, 0971 25, 146

456, 69033, 852

362, 96951, 178

326, 968199, 31567, 11812, 98976, 514

110, 579

22372, 049

156.696.460.2

3993,815

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), totalmil of kw -hr

Electric utilities, total doBy fuels doBy waterpower do

Privately and municipally owned utilities doOther producers (publicly owned) do

Industrial establishments, total doBy fuels doBy waterpower do

Sales to ultimate customers, total (EEI) doCommercial and industrial:

Small light and power doLarge light and power do

Railways and railroads doResidential or domestic doRural (distinct rural rates) doStreet and highway lighting _ _ doOther public authorities doInterdepartmental do

Revenue from sales to ultimate customers (EdisonElectric Institute) - mil. of dol

GAS

Manufactured and mixed gas (quarterly): tCustomers, end of quarter, total 9 thousands

Residential doIndustrial and commercial _ do

Sales to consumers, total 9 mil. of thermsResidential doIndustrial and commercial do

Revenue from sales to consumers, total 9mil of dol

Residential doIndustrial and commercial do

60 68953, 99343 25810, 735

43 76710 226

6 6966 466

230

49 233

9, 36623 878

28912, 9431 170

4481 083

56

840.9

3,0102 811

197

302181116

47 134.112 7

62 41655 35744 54310, 814

44 85310 504

7 0606 822

238

48 338

8 69924 335

30012 462

900493

1 09653

821.5

60 87553, 92143 37610, 545

43 58710 334

6 9536 690

263

47, 845

8, 36423 817

30412 898

794526

1 09448

814.7

66 32459 21148 45810, 753

48 09011 121

7 1136 870

243

50 337

8,56424 447

37214 420

791560

1 12756

849.0

2,8992 709

188

609444159

82 964.517 9

67 22759, 94348 65211, 292

48 68811 256

7 2846 999

285

52 461

8,81024 301

35516 363

868563

1 14951

885.7

60 96854, 15843 48710, 671

43 93810 220

6 8106 554

256

51, 140

8,64723 826

33915, 741

860509

1 17147

872.3

65 88958, 35246 32712, 025

47 36910 983

7,5377 247

290

51, 427

8, 54925 052

33314 848

921497

1 16760

859.0

2,8782 686

191

960748205

121 797.623 4

63 39455, 80743 63712, 170

45 37610 431

7 5877 264

323

50 434

8 42925 049

30713 9071 083

4541 150

56

842.7

65 38157, 66145 92411, 737

46 87210 790

7,7207 411

309

50, 410

8,67325, 743

28912, 9751,088

4241 161

56

842.0

67, 39059, 84048 58611, 254

49 00110, 839

7, 5507 284

267

52, 120

9,43326 550

28213,0081 191

4041 193

59

867.2

2,8662,674

189

511344154

70.953.516.7

68 53961, 69550 21211, 482

50 03711, 658

6,8446 608

236

52 661

10 11425 531

27713 6811 408

4151 170

65

886.2

69, 56263, 08452, 12710, 957

51, 26311, 821

6,4786,261

217

53,658

10, 61125,297

36314, 1901,499

4461,193

60

906.9

64, 84658, 58548, 32110, 264

47, 97910, 605

6,2616,017

245

P 53, 900

P 10, 700* 26, 000

» 14, 580

T Revised. v Preliminary. ' Beginning 1959 includes protective coatings; earlier data (which exclude such coatings) are not comparable.§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,

consumption in that State is as follows: (thous. short tons): 1958—July-September, 76; October-December, 84; 1959—January-March, 316; April-June, 303; July-September, 69.9 Includes data not shown separately. ^Revisions for 1st and 2d quarters of 1958 are available upon request.


S-26 SUEVEY OF CURKENT BUSINESS November 1959


1958


berDecem-

ber

1959

Janu-ary


ber October

ELECTRIC POWER AND GAS—Continued

GAS— Continued

Natural gas (quarterly) : 9Customers end of quarter, total thousands

Residential doIndustrial and commercial do

Sales to consumers total mil of thermsResidential doIndustrial and commercial do

Revenue from sales to consumers, total mil. of dolResidential __ do__ _Industrial and commercial do

27, 85925, 6872,138

14 5012,280

11, 385

672.1281. 3368 3

28, 72226, 3942,293

20. 3856,611

12, 630

1,110.8612.5463.6

28,95026, 6252,289

27 60412, 96613, 543

1, 687. 11, 093. 1

559 4

28, 18526, 5572,223

19, 9845,626

13, 254

1, 053. 8549.4472.4

FOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGES

Beer:Production thous of bblTaxable withdrawals doStocks end of month do

Distilled spirits (total):Production thous of tax galConsumption, apparent, for beverage purposes

thous of wine galTaxable withdrawals thous of tax galStocks end of month doImports thous of proof gal

Whisky:Production thous. of tax galTaxable withdrawals _ _ __ _ _ _ do_.Stocks, end of month doImports - _ _ thous. of proof gal

Rectified spirits and wines, production, totaledthous of proof gal

Whisky doWines and distilling materials:

Effervescent wines:Production _ _ _ _ _ thous. of wine gal _Taxable withdrawals doStocks, end of month. do___Imports do

Still wines:Production. _ do. __Taxable withdrawals doStocks, end of month __ _ doImports do

Distilling materials produced at wineries do

DAIRY PRODUCTS

Butter, creamery:Production (factory) t thous. of IbStocks, cold storage, end of month doPrice, wholesale, 92-score (New York) dol. per lb__

Cheese:Production (factory), total t thous. of Ib

American, whole milk % do.

Stocks, cold storage, end of month, total.. __ doAmerican, whole milk do

Imports _. _ doPrice, wholesale, American, single daisies (Chicago)

dol. perlb..Condensed and evaporated milk:

Production, case goods :JCondensed (sweetened) thous. of lb_Evaporated (unsweetened) do

Stocks, manufacturers', case goods, end of month:Condensed (sweetened) thous. of IbEvaporated (unsweetened) do

Exports:Condensed (sweetened) . doEvaporated (unsweetened) _ _ _ _ do

Price, manufacturers' average selling:Evaporated (unsweetened) _ _ dol. per case. _

Fluid milk:Production on farms mil. of lb__Utilization in manufactured dairy productsj...doPrice, wholesale, U.S. average dol per 100 Ib

Dry milk:Production :J

Dry whole milk thous. of lb__Nonfat dry milk (human food) _ do_.

Stocks, manufacturers', end of month:Dry whole milk _ _ _ _ . do_ _Nonfat dry milk (human food). do

Exports:Dry whole milk doNonfat dry milk (human food) __ do

Price, manufacturers' average selling, nonfat drymilk (human food) dol. perlb__

7 2277 185

T 10 066

24 794

16 56213 809

845 0262 947

9 1727,062

741 7692,587

6 8655 429

113212

2,12458

r 47, 25812 668

r 145, 133677

r 115, 851

86 929145 671

.613

103 46571 126

350, 449304 842

4,197

.390

5,128184, 702

7,440387 966

3,1124 358

6.15

9,492r3,264

4 32

7,99090,587

9,51595, 315

9 0247,551

.136

6 8246,8939 586

39 878

21 54719, 727

843 6263 392

15, 18810, 374

742 5313,010

10 8929 069

201306

1,98699

78, 61313 945

209 363827

154 877

92 520119, 703

.598

101 26666 281

327, 843282, 444

5,755

.391

4,344161, 624

5, 956353 048

2,9228 568

6.14

9,455r 3, 307

4 46

8,48099, 159

9,27382,383

2 34010, 698

.136

5 8105 8529 212

25 054

21 25915,870

844 3854,277

14, 2208,699

744 6023,875

8 8497 480

185353

1,795131

15, 22812 631

212 516979

35 661

89 99193 347

.594

93 38059 551

302, 999r256 405

6,277

.390

3,862131, 902

5 604274 851

3,96229 793

6.14

8,889r 3, 099

4 49

6,956102 444

7,28279, 744

3 79810, 822

.136

6 8346,6519 005

24 177

25 80610, 175

854 9463 280

16 3435,347

753 0732 898

5 7764 536

268389

1,635123

6,11113 487

200 303946

13 353

107 23769, 295

.613

99 86761 971

293, 189249 042

6 648

.384

4,186138 605

4 537190 141

2,98519 853

6.15

9,371r 3, 527

4 44

6,815126 263

6 21187, 113

1 87532 366

.136

6,3535,5659 437

21, 966

i 15, 13411, 043

861 8841,801

14, 4415,901

759, 1061,568

5 1413 939

224197

1,64537

2,38411, 349

190, 040522

3,111

116 30063, 708

.588

100 49565, 690

269, 469235, 998

5,320

.381

4,220143, 500

3,936135 833

2,6915,057

6.16

9,754r 3, 741

4 34

8,300138,250

6,39087, 475

3 96112, 524

.136

5,8945,3469,631

20, 431

* 15, 32811, 545

866 2031,851

13, 9946,311

763, 7041,680

6 1445 013

321149

1,79743

2,39211 173

177, 318522

1,579

108 19064, 033

.589

96 57064, 155

260, 100227, 830

4,853

.382

4,880140, 900

3,79192 420

3,1272,083

6.17

9,344r 3, 527

4 22

7,400132, 450

6,20386, 460

1 5776,931

.136

7,7026,717

10 161

22, 0761 18 674

12, 978872 725

2,330

14, 4686,635

768 3492, 054

6 3045 046

381189

1,97450

2, 98713 334

169, 404703

2,537

121 39563, 294

.588

116 72078 055

257, 271226 083

5,649

.382

5,230182, 600

5 08783 814

2,7085 131

6.17

10, 667r 4, 092

4 06

8,150157 400

6,02578, 807

1 81213 743

.136

8,6797,510

10 842

23, 407

* 17, 15313, 354

878 8492,548

15, 5096,311

774, 2352,280

6 3795 069

295177

2,06956

2,89511 870

157, 280668

2,531

126 84582, 278

.588

128 22590,750

283, 189248 748

4,879

.380

5,310208 200

4 859106 198

3,8544 362

6.17

11,171r 4, 372

3 89

7,750178 200

6,23588, 636

1 77919 885

.136

8,6727,969

11, 069

21,961

1 18, 17513, 972

884 4922,669

14, 5326,599

779, 2452,359

6 8035,316

301216

2,13868

1,76610, 921

149, 563889

4,474

143 390104, 138

.587

153 335114, 410

310, 107272, 216

4,268

.380

5,725••272,400

5 741193 121

3,4864,524

6.15

12, 595r 5, 108

3 75

8,800211 200

6 864125, 248

1 53553 505

.135

9,5868,823

11,314

19, 264

i 18, 63412, 817

888 8502,517

12, 1315,967

782, 8532,236

6 4444 972

349268

2,18862

1,60111 284

138, 082696

2,880

135 605138, 224

.588

150 075112, 310

347, 725307 301

5,148

.380

6,100269, 600

6 444288 979

2,6535 983

6.16

12, 152r 4, 913

3 70

8,900200 000

7 055144, 615

2 20321 920

.135

9,6489,307

11, 116

11, 235

i 17, 25912, 909

884, 2372,377

6,7475,720

781, 2252,112

5,9794,703

305167

2,30846

1,4109,671

126, 029552

r 2, 185

112, 485148, 060

.593

129, 35594, 085

371, 620330, 626

3,906

.380

6,160235, 200

5,715333, 008

5,00217,063

6.15

12, 224r 3, 148

3 90

7,100150,400

7,490132, 496

2 56035 105

.136

8,6898,602

10, 698

15,624

15, 085'881 152

2,750

7,193' 7, 676

777, 6752,449

6,7555,173

285204

2,32652

6,24310,406

117, 477690

21, 677

90,890131, 988

.609

113, 44081, 350

375, 833334, 261

3,614

.382

5,430216, 200

5,666375, 249

3,56310, 669r 6.18

10,335'3,504

4 09

6,600117, 500

7,282114, 533

1 39329,524

.135

8,1158,063

10, 261

29, 214

15, 946879 755

3 613

9 8547,715

776 8683,173

8 3776'646

229275

2,29696

57, 45212 287

167 740981

122, 953

82 555r 93^ 012

.637

103 17069 950

'369,862'327 261

6,724

.385

4,925184 800

6 913383' 959

2,0159 259

6.18

9,4133,168r 4 36

7 40096 200

4 91698. 665

2 79830 972

.136

67,801.633

345, 926305, 873

.388

9,453

p 4 49

r Revised. *> Preliminary. * Data for Alaska, included beginning January 1959, are as follows (thous. of wine gallons): January-July—30; 26; 32; 49; 45; 51; 40.9 Totals include data not shown separately. Revisions for 1st and 2d quarters of 1958 (back to 1952 for total sales and total revenue) are available upon request.cfData beginning July 1958 exclude production of wines and vermouth; for July 1957-June 1958, such production totaled 112,000 gal.JRevisions for the indicated items and for the periods specified are available upon request as follows: Butter and cheese (total and American)—January 1957-July 1958; condensed and evap-

orated milk—January-July 1958; dry whole milk—January 1952-December 1955 and January-July 1958; nonfat dry milk—January 1954-July 1958; fluid milk used in manufactured dairyproducts—January 1956-August 1959.


November 11)59 SUEVEY OF CURRENT BUSINESS S-27

Unless otherwise stated, statistics through 1958 anddescriptive notes are shown in the 1959 edition ofBUSINESS STATISTICS Septem-

ber

19

October

58

Novem-ber

Decem-ber

Janu-ary

Febru-ary March April

19

May

59


FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

FRUITS AND VEGETABLES

Apples:Production (crop estimate) tlious, of bu_ -Shipments, carlot - No. of carloadsStocks, cold storage, end of month thous. of bu_ -

Citrtis fruits, carlot shipments No of carloadsFrozen fruits, juices, and vegetables:

Stocks, cold storage, end of month:Fruits thous. of lb^Fruit juices and purees. . __ .. doVegetables do

Potatoes, white:Production (crop, estimate) _ . -thous. of cwt -Shipments, carlot _ _ _.. No. of carloadsPrice, wholesale, U.S. No. 1 (New York)

dol. per 100 Ib

GRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats, rye, wheat) --thous. of bu.

Barley:Production (crop estimate) doReceipts, 4 principal markets . _ doStocks, domestic, end of month:

Commercial doOn farms. do . ..

Exports, including malt § doPrices, wholesale (Minneapolis):

No 2 malting dol per buNo. 3, straight-- do

Corn:Production (crop estimate) mil. of bu_.Grindings wet process thous of buReceipts, interior primary markets doStocks, domestic, end of month:

Commerical _ _ doOn farms ... . mil. ofbu. .

Exports, including meal and flour thous. of bu. .Prices, wholesale:

No. 3, yellow (Chicago) . - dol. per buWeighted average, 5 markets, all grades do

Oats:Production (crop estimate) mil. of bu_.Receipts, ulterior primary markets thous. of bu..Stocks, domestic, end of month:

Commercial doOn farms _ .._ - _ _ _ _ do_ ..

Exports, including oatmeal _ _ _ . _ ...do _ .Price, wholesale, No, 3, white (Chicago) __dol . per bu._

Rice:Production (crop estimate) thous. of bags 9 - -California:

Receipts, domestic, rough thous. of IbShipments from mills, milled rice .-. do.Stocks, rough and cleaned (cleaned basis), end

of month thous. of lb_ _Southern States (Ark., La., Tenn., Tex.):

Receipts, rough, at mills doShipments from mills, milled rice.-. do. _ _Stocks, domestic, rough and cleaned (cleaned

basis), end of month mil. of lb_.Exports thous. of lb_.Price, wholesale, head, clean (N.O.) dol. per lb--

Rye:Production (crop estimate) thous. of bu_-Receipts, interior primary markets _ _ doStocks, commercial, domestic, end of month.-.doPrice, wholesale, No. 2 (Minneapolis) __dol. per bu.-

Wheat:Production (crop estimate), total mil. of bu .

Spring wheat doWinter wheat do

Receipts, interior primary markets thous. of bu._Disappearance (quarterly total) _..doStocks, end of month:

Canada (Canadian wheat) do

United States, domestic, total cT mil. of bu.-Commercial (at terminal cities) 1__. thous. of bu..Interior mills (incl. merchant), elevators, and

warehouses thous. of bu. _On farms do

Exports, total, including flour doWheat only do

Prices, wholesale:No. 1, dark northern spring (Minneapolis)

dol. per bu._No. 2, hard winter (Kansas City) _ _ .-doNo. 2, red winter (St. Louis) doWeighted avg., 6 markets, all grades do

83816, 401

2,696

539, 084292,215860, 752

9,085

3. 125

60, 046

19, 824

44, 270306, 80010, 678

1.1821. 137

12, 33327, 006

88. 563s 344. 217, 052

1.2661.115

12, 292

38, 5191, 202, 549

866.621

125,914105, 497

28, 329

641, 449120, 794

535. 1133, 979

.091

1, 0956,2841. 253

56, 821203, 260

381, 512

2, 141. 1472, 590

940, 838643, 900

30, 48926, 387

2.2181.9511.8192.174

2,36654, 123

2,263

530, 821245, 039904, 594

10, 368

2.863

63, 597

17, 430

48, 520

9,622

1.1821. 145

13, 80233, 229

90, 153

15, 698

1. 1491.068

5,162

33, 943

1, 830.612

168. 80957, 019

73, 452

1,075,108163, 518

1,115.2135, 699

.093

8436,2771.262

36, 172

372, 660

4757989~

36, 15229, 587

2.2661.9741.9232.213

1,79047, 409

4,112

511, 597206. 758899, 570

10, 100

3.225

61, 601

10, 746

47, 924

7,135

1.1721. 132

11, 53147, 306

109, 234

20, 564

1. 1171. 074

3,672

28, 297

2, 100(5)

92, 46945, 755

78, 735

312, 735120, 766

1, 172. 169, 316

.091

4085, 4951.231

28, 747

371, 059

"456," 812

31,09225, 927

2.2501.9991.9302.220

' 126, 6102,494

37, 547

9,065

493, 172222. 711846, 853

'265,72912, 271

2.888

69, 439

1 470, 44913, 606

46, 918225, 368

12, 912

1.1901. 163

•i 3, 80011, 53929,600

100, 0262, 696 0

19, 277

1. 1671.096

1 1, 4227,381

25, 672952, 566

3,122.698

i 47, 015

92, 06254, 010

74, 871

196, 864113, 685

1, 182. 355, 606

.093

1 32, 485420

4,9731.230

1 1, 462 21 282. 3

1 1, 179. 929, 394

322, 743

379, 269

1,820.2422, 047

854, 305456, 581

34, 03828, 744

2. 2351.9841.9482.208

2,13627, 955

7,809

458, 198297, 741761, 248

15, 333

2.925

73, 190

14, 238

47, 149

11, 492

1.1691. 139

* 11, 74228, 388

97, 973

16, 444

1.1711.098

9,140

23, 013

4,040.699

133, 12360, 326

93, 683

135, 098131, 856

1, 137. 169, 613

.094

1,0424,2711.274

31, 988

380, 133

4297 989 ~

40, 91135, 427

2.2051.9982.0372.187

1,99720, 912

7,016

404, 354396, 238687, 121

14, 383

3.130

58, 932

12, 378

47, 639

5, 994

1.2141.175

4 11, 75933, 166

105, 231

16, 721

1.1791.101

5, 741

22, 183

3.328.676

90, 28292, 837

55, 408

68,465141, 994

1, 038. 055, 341

.093

8303,6801.289

30, 387

375, 434

"433," 776"

31, 72728, 410

2. 2272.0282.0412.162

2,22514, 244

8,285

361, 374418. 899647, 899

17, 297

2. 783

64, 140

12, 673

43, 524151 372

7,715

1.1801.139

* 12, 54736, 402

109, 7921 815 913, 597

1.2071.130

7,206

20, 154587, 576

2,218.676

115, 67777, 788

53, 447

98, 036119, 870

867.0131, 368

.091

1,0013,3741.311

37, 079282, 282

374, 184

1, 540. 7419, 579

761, 126282, 989

40. 39136, 851

2.2112.0672.0182. 195

2.2497,876

8,846

305, 726487. 091637, 920

17, 155

4.219

62, 830

12, 585

39, 222

6,918

1. 2281.183

4 12, 75142, 520

120, 285

16, 679

1.2831. 218

6,474

19, 659

2,200.700

110, 07668, 975

51, 417

29, 009170, 607

723.891, 533

.089

5573,1221.303

20, 453

376, 435

" 432," 427"

36, 96831, 521

2.2152.0901.9042.191

1,5453,893

8,592

286. 046595, 481593, 334

16, 437

5. 000

72, 163

11, 430

35, 645

4, 474

1. 2351.197

4 12, 72428,388

121,421

21, 452

1.2901.225

9,140

17, 298

2,345.694

96, 45250, 769

57, 281

36, 041156, 838

617.1137, 551

.089

1,0422,0931.250

31, 988

359, 558

~4l8~766~

43, 60736, 826

2.2822.0301.8852.212

8931, 577

7,037

362, 245633, 096623, 129

16, 426

5.450

70, 769

13, 731

35, 1403 64, 227

12, 077

1.2071.155

4 13, 54534, 702

116,8131 115 419, 737

1.2891.246

9,348

14, 3653 299 734

4,412.700

93, 61862, 920

53, 396

61,418209, 588

488.9175, 264

.093

5942,8201.260

51, 078r263 778

368, 623

'1, 278. 63 391, 378

2691,2413 114, 908

34, 40826, 762

2.3101.9161.7732. 122

583306

' 6, 037

498, 221573, 275730, 596

8,938

4.090

82, 792

21, 156

34, 988

14, 368

1.1651.160

4 12, 68524, 226

104, 622

22, 339

1.2651.222

19, 975

21, 754

9,330.701

127, 55774, 501

55, 578

34, 322140, 284

592.2142, 268

.091

2,7584,9791.242

86,660

406, 382

~5397 068"

36, 32233, 439

2.2951.9361.8012.087

' 187307

' 5, 203

533, 934517, 051871, 747

r 7, 124

3.635

65, 228

32, 227

39, 474

14, 782

1.1671.120

i 13, 86321, 592

101, 876

15, 094

1.2721.203

18, 379

29, 246

4,845.704

48, 00042, 687

45, 664

250, 976150, 912

365.8204, 780

.089

4,0177,6131.261

51, 258

398, 930

"5567360"

29, 91725, 634

2.2411.9931.8672 248

••315' 14, 300

'3,715

r521,708-446,617r 925, 030

' 9, 219

* 3. 150

63, 717

18, 110

* 40, 896251, 65611,821

1.1741.094

1 13, 57518, 452

- 102,7183 329. 615, 835

1.1631. 116

8, 159

' 31, 054898, 819

2, 495.686

29, 51037, 521

26, 875

1,168,507219, 857

891. J90,401

».081

1,441' 8, 702

1.256

40, 170271, 795

384, 031

2, 124. 8' 526,717

1,073,809447, 305

2.2432.0131.8812 246

2117,7271,420

47, 562

3,311

499, 175392, 749938, 479

2242,1729, 810

2408,44214, 977

38, 181

1.1721.108

2 4, 402

~~26~839~

107, 236

1.0971.071

2 1,0755, 881

26, 127

."740

2 53, 111

2 20, 996821

8,2111.264

21,117.42 208. 12 909. 325, 251

"540," 146"

33, 09927, 627

2.2932.0481. 8589 981

rRevised. * Preliminary. 1 December 1 estimate of 1958 crop. 2 November 1 estimate of 1959 crop.3 Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn). 4 Data beginning January 1959 are on standard 17-percent

moisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent). January 1959 figure comparable with earlier data is 11,885,000 bushels 3 No quotation§ Excludes a small amount of pearl barley. 9 Bags of 100 Ib.cfThe total includes wheat owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.IData for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports.


2̂8 SURVEY OF CUERENT BUSINESS ^November 1959


1958


berDecem-

ber

1959

Janu-ary


ber October


GRAIN AND GRAIN PRODUCTS— Continued

Wheat flour:Production:

Flour _ thous of sacks (100 Ib )Operations, percent of capacityOffal thous. of short tons__

Grindings of wheat __ thous. of buStocks held by mills, end of quarter

thous of sacks (100 Ib )Exports doPrices, wholesale:

Spring, short patents (Minneapolis)dol. per sack (100 lb.)_.

Winter, hard, short patents (Kansas City) do

LIVESTOCKCattle and calves:

Slaughter (federally inspected) :Calves . thous. of animalsCattle _ „ do _

Keceipts, principal markets doShipments, feeder to 9 corn-belt States doPrices, wholesale:

Beef steers (Chicago) dol per 100 IbSteers, stocker and feeder (Kansas City) doCalves, vealers (Chicago) do

Hogs:Slaughter (federally inspected) thous. of animals__Receipts, principal markets doPrices:

Wholesale, average, all grades (Chicago)dol. per 100 lb_.

Hog-corn price ratiobu. of corn equal in value to 100 Ib. of live hog__

Sheep and lambs:Slaughter (federally inspected) thous. of animals__Receipts, principal markets doShipments, feeder, to 9 corn-belt States doPrices, wholesale:

Lambs, average (Chicago) dol. per 100 IbLambs, feeder, good and choice (Omaha) do

MEATSTotal meats:

Production (carcass weight, leaf lard out), inspectedslaughter mil of Ib

Stocks (excluding lard), cold storage, end of monthmil. of l b__

Exports (including lard) doImports (excluding lard) do

Beef and veal:Production, inspected slaughter doStocks, cold storage, end of month thous. of lb_.Exports doImports doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) dol. per lb__Lamb and mutton:

Production inspected slaughter thous of IbStocks cold storage end of month do

Pork (including lard), production, inspected slaughtermil. of lb_.

Pork (excluding lard) :Production inspected slaughter thous of IbStocks, cold storage, end of month _ do __Exports doImports doPrices, wholesale:

Hams smoked composite dol per IbFresh loins, 8-12 Ib. average (New York) do

Lard:Production inspected slaughter thous of IbStocks dry and cold storage end of month doExports doPrice wholesale refined (Chicago) dol per Ib

POULTRY AND EGGSPoultry:

Slaughter (commercial production) mil of IbStocks, cold storage (frozen), end of month

thous. of lb_.Turkeys do

Price, in Georgia producing area, live broilersdol. per lb._

Eggs:Production on farms mil. of cases 9 -Stocks, cold storage, end of month:

Shell thous. of cases..Frozen thous. of Ib

Price, wholesale, extras, large (delivered; Chicago)dol. per doz_.

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl shells) long tonsPrice, wholesale. Accra (New York) dol. per lb_.

21 50493 2

40248, 875

' 4 3741,784

5.8705 230

4711,5612,440

815

26 6525.4732 00

5, 2192,633

20.04

17.6

1, 0451,357

565

22.0022.78

1,914

3174783

948.8132, 938

2 51446. 679

.456

47, 6919,927

917.4

698 914127, 088

3,62713, 837

.536

.548

159 97945 77425, 177

155

602

278, 649160, 808

.155

12.5

290116, 645

.463

6,325.427

23. 38592 5435

53. 084

2,854

5. 8305. 465

5411,6472,6701,273

26 7025.8032 00

5,9112,897

18.76

17.8

1, 1311,273

636

22.2523.03

2,125

3466574

1, 019. 2149, 210

3,02741,019

.455

51, 7859,913

1, 054. 4

793 024134, 361

5,13415, 989

.521

.521

190 81454, 16639, 322

158

689

408, 089254, 849

.152

13.4

20793, 687

.423

7,821.374

20, 19196 7375

45, 825

2,245

5.7605 400

4411, 3021,907

897

26.7926.4633.50

5,2582, 509

18.06

19.0

883817222

21.8822.56

1,832

4196771

816.4171, 633

2,16138, 181

.452

41, 7809,280

973.7

730 133184, 438

5,78916. 931

.543

.497

177 55767, 93840, 352

145

604

377. 235207, 845

.150

13.7

14073, 403

.406

8,439.438

21, 07287 0390

47, 950

* 4 3492,302

5.5805 125

4741,4371,793

352

27 0125.8132 50

5,8143,015

17.42

17.2

1,061937121

19.7520.88

2,048

4624985

919.7189, 655

2,61943, 764

.462

51. 9279, 189

1, 076. 2

800 301206, 414

4,83118, 918

.571

.478

201 26995, 00026, 129

128

521

346, 603162, 055

.141

14.6

5357, 082

.365

41, 190.410

21, 58493 3400

48, 959

2,384

i 5. 430i 4 850

424.1,4411,751

386

27.8126. 10

2 36. 50

5, 8852, 993

16.25

16.1

1,3221, 128

163

18.6219.75

2.084

4996880

929.7189, 467

1,91942, 574

.481

66, 84610, 118

1, 087. 0

812 884240, 489

4,97618, 404

.539

.480

200, 784109, 10042, 149

124

402

331, 835160, 476

.175

14.9

5747, 085

.356

22, 271.368

18, 86185 6351

42, 884

1,442

i 5. 450i 5. 025

3771,2191,416

291

27.4425.97

2 36. 00

5.6862,751

15.32

14.8

1,080875153

18.6219.71

1,862

5827866

783.1186, 850

1,47038, 945

.482

55, 10411, 053

1, 023. 5

771, 769319, 951

7,50012, 900

.500

.430

183, 679117, 90056, 521

.121

346

293, 562140, 510

.165

14.1

5245, 701

.343

15, 357.358

20, 59584 8382

46, 720

4 5191, 539

i 5. 4501 4. 975

4231,3341,753

344

28.2227.78

2 33. 00

5,7332,900

15.72

14.5

1,1431,009

120

21.2519.55

1,950

6026664

855. 4184, 641

1,85028, 767

.485

57, 52010, 991

1, 036. 6

775, 119337, 120

4,82416, 538

.506

.422

191, 489132, 20041, 910

.120

393

250, 298112, 252

.170

16.5

10755, 015

.315

19. 202.378

19, 45480 0360

44, 113

2,368

i 5. 420i 5. 005

4061,4331,759

477

29.3228.63

2 35. 00

5,6522,899

15.77

13.8

1,1011, 005

156

21.5019.88

2,013

6606394

912.3184, 291

2,03952, 579

.494

54, 88813, 478

1, 046. 2

781, 917380, 997

4,43118, 829

.496

.453

193, 530146, 90041, 248

.123

432

215, 31086, 699

.155

16.1.

53285, 119

.263

20, 215.368

20, 27287.4375

45, 953

2,948

i 5. 630i 5. 185

3581,4121,633

349

28.8228.69

2 35. 00

4,9702, 551

15.59

13.5

1,017962192

24.7520.28

1,890

6477384

898.2184, 571

2,28343, 688

.491

48, 14415, 730

944.0

698, 326365, 360

5,70915, 689

.496

.463

179, 111158, 20045, 163

.120

497

199, 03767, 688

.152

15.9

1,004119, 273

.245

20, 885.378

20, 18782.7

37646, 056

4,3893,324

i 5. 690i 4. 975

3661,4731,793

295

28.1527. 24

2 30. 50

4,9022,635

14.94

12.9

1,056936168

25.2520.62

1,916

58272

101

926.9177, 562

1,75956, 785

.480

48, 01016, 614

941.3

701,039313, 141

4,80115, 705

.490

.496

175, 734147, 80046, 840

.120

482

196, 84764, 816

.150

14.3

1,054149, 175

.275

18, 668.381

19, 94478 1374

45, 445

1,253

1 5. 7301 5.065

3821.5571,699

329

27.6126.47

2 28. 50

5,1842,623

13.02

11.8

1,107912220

22.5019.46

1,991

5138787

975.7172, 748

2,12458, 401

.469

50, 00817, 374

965.4

713, 515248, 352

5,78815, 678

.464

.457

183, 991135, 60058, 365

.113

475

196, 43866, 885

.150

13.7

888152, 105

.291

12, 593.358

20, 51488. 1390

46, 869

1, 862

1 5. 5501 5.070

3591,4501, 855

444

27. 3625.96

2 30. 00

4,9772,539

13.56

12.4

1,0101,061

431

22.0019.50

1,840

4327588

902.7170, 816

2,19070,218

.461

45, 71914, 605

892.0

670, 330183, 745

6,82511, 885

'.450.446

161, 921100, 30039, 535

.108

545

226, 47487, 115

.145

13.1

739149, 086

.312

12, 710.370

21. 37191 5

40948, 945

4 7572,379

p i 5. 495v l 5. 095

4151,5392,197

862

27.4825. 38

3 29. 50

5, 7672,881

13.20

12.3

1,1771,474

560

20.6219.08

2,038

••40864

108

962.3' 178, 606

2,72988, 618

.473

54, 344

1, 021. 6

773, 253r 163, 447

6,54612, 101

T>. 453.480

181, 78093, 00057, 279

p. 118

600

'277,086' 133, 501

.148

12.6

••554r 134, 786

.407

18, 614p. 382

4711,586

27.0624.41

6, 646

12.60

12.7

1,200

19.7518.80

421

172, 762

.461

184, 366

.460

378, 003216. 271

.142

13.3

465119,910

.342

Revised. * Preliminary. l Beginning January 1959, quotations are for 100 pounds of flour in bulk rather than in sacks as formerly. Januar;'' " iur (Minneapolis) and $5.100 for winter (Kansas City). 2 Beginning January 1959, data reflect pricesdata: $5.710 per 100-pound sack for spring wheat fio1 ^

parable with data through December 1958 (January 1959 price at Chicago, $33.00). 9 Cases of 30 dozen.

•y 1959 prices comparable with earlier•ices at National Stockyards, 111.; not com-


November 1959 SUBVEY OF CUEEENT BUSINESS S-29


1958


berDecem-

ber

1959

Janu-ary


ber October


MISCELLANEOUS FOOD PRODUCTS— Con.

Coffee (green):Inventories (roasters', importers', dealers'), end of

quarter thous. of bagscfRoastings (green weight), quarterly total doImports do

From Brazil _ _ doPrice, wholesale, Santos, No. 4 (New York)

dol. per l b _ ^Confectionery, manufacturers' sales thous. of doL_

Fish:Stocks, cold storage, end of month _ _ _ thous. of lb_

Sugar:Cuban stocks, raw, end of month

thous. of Spanish tons,.United States:

Deliveries and supply (raw basis) :Production and receipts:

Production short tonsEntries from off-shore, total 9 _ _ do

Hawaii and Puerto Rico do _

Deliveries, total doFor domestic consumption doFor export -- do

Stocks, raw and refined, end of monththous. of short tons

Exports short tonsImports:

Raw sugar total 9 cloFrom Cuba - - doFrom Philippine Islands _ _ _ d o

Refined sugar, total doFrom Cuba do

Prices (New York) :Raw wholesale dol. per IbRefined:

Rotail§ dol. per 5 IbWholesale (excl. excise tax). dol. per Ib

Tea, imports _ thous. of Ib

Baking or frying fats (incl. shortening):*Production mil. of IbStocks (producers' and warehouse), end of month

mil of lbSalad or cooking oils:*

Production doStocks (producers' and warehouse), end of month

mil. of lbMargarine:

Production - doStocks (producers' and warehouse), end of month

mil. o f l b _ _Price, wholesale (colored; delivered; eastern U.S.)

dol. per Ib

FATS, OILS, AND RELATED PRODUCTS

Animal and fish fats:ATallow, edible:

Production (quantities rendered) mil. of IbConsumption (factory)^ doStocks (factory and warehouse), end of month

do--Tallow and grease (except wool), inedible:

Production (quantities rendered)- ___ _ _ __ do _Consumption (factory)^ doStocks (factory and warehouse), end of month

doFish and marine mammal oils:

Production doConsumption (factory) O do _Stocks (factory and warehouse) , end of month©

mil. of lb_Vegetable oils and related products:

Vegetable oils (total crude and refined):Exports doImports do

Coconut oil:Production:

Crude doRefined® do

Consumption in end products _ _ _ _ doStocks, crude and refined (factory and warehouse),

end of month ___mil . oflbImports do

Corn oil:*Production:

Crude doRefined© _ _ __ _ do

Consumption in end products doStocks, crude and refined (factory and warehouse),

end of month. _ ._ - _ mil. of lb

1,8264,9001,478

585

.450125, 901

199, 656

'1,506

104 377593, 578229, 523

876, 505868 846

7,659

691362

349 935270, 04853, 200

38, 80529 135

.064

552.086

7,278

136.6

26.8

.265

27.225 0

208.7148 7

27 912.9

113.3

114 651.2

35.134 9

21 5

23.420.0

2 052773

.441126, 797

210, 531

1,257

647, 374402, 904135, 314

786, 725778 259

8, 466

1,040623

260 611191 89Q59, 025

26, 28418 884

065

553.086

8,546

143.6

34.7

.262

31.730 0

244.4148 3

8 712.2

120.0

92 046.7

37.440 7

20 8

25.823.4

1 886853

.445114, 362

217, 556

873

825 682297, 890120, 859

624, 045

1,6954 121

258 853194,85437, 039

15, 1433 936

.063

552.086

8, 555

129.0

32.2

.262

29.127 5

235.1128.3

7.89.6

106.3

44.239.8

30.528 3

15.5

22.321.9

2 1145,5702 030

877

.423102, 278

214, 516

654

588 066r!84 445

T 68, 761

849, 564

1, 873468

291 391222 777

2, 965

3,0471 050

065

553.086

11,121

173 1

131 7

153 5

55.6

148.3

38.4

.262

27.81 19 7

!33. 1

224.11 137. 71 295. 6

13 810.5

99.8

109.743.6

30.429.2

!39.3

163.515.6

22.920.4

1 17.8

!30. 6

1 588514

.415108, 520

187, 786

667

186 671593, 25177, 556

572, 154565 056

7,098

1,916519

292 962186 62454, 467

31, 36423 049

062

553.086

8,498

187 3

113 3

140 9

60.5

149.4

34.0

.262

29.523 6

31.3

240.0148 6

294 2

67.0

110.2

130 437.0

35.131 242.1

59.114.5

21.722.217.0

30.7

2 279959

.410104, 287

153, 778

1,452

73 925438 836141, 154

547, 786542 834

4,952

1,912492

297 859169 79770, 835

45, 68637 552

060

539.085

8, 635

198 0

119 3

137 7

74.0

149.0

38.4

.262

30.528 9

31.1

229.6143. 1

299 4

15.4

133.7

42 037.7

28.927 743.2

47.38.9

22.821.821.9

29.2

2 4105,8292 2521,119

.37896, 185

141, 027

2,776

42 367596 387152, 535

717, 767712 198

5,569

1,828507

387 484250 080111,170

50, 36142 586

.058

552.085

9, 057

197 0

123 4

157 3

68.1

132.1

41.5

.250

25.325 5

29.8

221.6159.2

297.2

.36.2

117.6

71 750.0

28.926 142.8

47.217.4

25.525.126.0

27.9

1 781725

.37888, 415

142, 584

4,106

45 312612, 751171, 633

733, 510723 503

10, 007

1,755981

383 165313, 74469, 399

55, 47744 502

.057

.551

.08310, 949

189 4

136 4

158 5

66.6

123.6

43.2

.250

26.223 1

29.6

236.5r 160. 9

299. 5

3.16.3

103.4

177 250.7

38.436.050.1

47.822.9

25.026.228.0

31.2

1 840827

.37674, 019

161, 252

4,391

44 259637, 787136, 094

975, 454968, 782

6,672

1,463371

416, 193327, 645'88,495

61, 19751, 487

.063

.549

.08310, 071

185.9

140.7

164.3

58.5

115.7

36.3

.243

29.725.)

30.3

236.6148.0

'310.8

18.56.9

117.2

186.450.4

36.536.451.5

44.821.3

25.428.024.9

30.5

2 2784,9871 508

614

.36572, 139

176, 594

4,076

47, 436736, 911240, 470

781, 190774, 670

6,520

1,469548

404 287'307,760

96, 525

77, 86068, 113

.063

.553

.0868,983

183.5

142.5

186.0

51.6

122.7

33.5

.250

25.324.2

28.5

226.8150.6

316. 6

36.16.8

125.9

91.644.0

41.435.451.0

39.915.1

26.925.326.7

30.8

1, 253469

.37866, 868

200, 907

3,350

'27,778714, 619197, 555

897, 874886, 77211,102

1,282620

425, 156309, 828115, 329

99, 53488, 733

.063

.554

.0869,696

147.2

116.7

155.2

48.7

115.7

33.9

.253

25 921.0

28.2

240.0119.1

332.5

34.06.8

129.7

234.149.1

34.029.139.5

49.017.8

24.427.126.7

29.6

2,1591.275

'.365' 73, 003

230, 052

2,821

79, 589618, 316181, 940

919, 941909, 235

10, 706

1,078399

414, 243278,112125, 158

23,2125,099

' . 063

.550

.0868,228

186.8

114.6

147.6

40.3

118.9

34.3

.253

27.026.8

23.9

235.5145.3

322.8

'32.4'6.0

'125.6

169.039.1

42.434.353.6

44.614.1

26.727.829.4

26.9

3, 1255, 2043 0441,615

.360130, 725

2,247

807 704243 097

336

440 431284 275130, 500

16, 2034 839

P 065

556P. 0867 264

186 9

10(5 1

1°8 8

40 9

130.9

30.2

P. 253

22.620 8

21.5

241.1153.2

318.8

17.56.0

136.2

164.647.9

38.130.840.4

43.717.1

25.828.129. 8

23.6

.352

r Revised. » Preliminary. 1 Beginning December 1958 includes amounts for hydrogenated fats (vegetable and animal) and other fats and oils "in process"; strictly comparabledata for earlier months not available.

d"Bags of 132.276 Ib. 9 Includes data not shown separately. §Price for New York and northeastern New Jersey.*New series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports. AFor data on lard see p. S-28.^Consumption data exclude quantities used in refining (except data for inedible tallow prior to October 1958 which include such quantities). O Consumption figures exclude data for

cod, cod-liver, and other liver oils, and stocks include only the quantities of these oils held by producing firms. ©Production of refined oils covers once-refined oils (alkali refined).


S-30 SUEVEY OF CUKEENT BUSINESS November 195<)


1958


berDecem-

ber

1959

Janu-ary


ber October


FATS, OILS, AND RELATED PRODUCTS— Con.

Vegetable oils and related products — Con.Cottonseed:

Consumption (crushings) thous. of short tons_.Stocks (at oil mills), end of month do.-..

Cottonseed cake and meal:Production .. - . _ do.Stocks (at oil mills), end of month do

Cottonseed oil:Production:

Crude - __ _ mil. of Ib _ .Refined cf do


end of month mil. of IbPrice wholesale (refined* drums' N Y ) dol per Ib

Flaxseed:Consumption (crushings) thous. of short tons__Stocks (at oil mils) , end of month doPrice, wholesale (No. 1; Minneapolis)- dol. per b u _ _

Linseed oil:Production, crude (raw) mil. of IbConsumption in end products _ _ doStocks, crude and refined (factory and warehouse),

end of month mil. of Ib -Price,, wholesale (Minneapolis) dol. per lb-_

Soybeans:Consumption (crushings) thous. of short tons -Stocks (at oil mills), end of month do

Soybean cake and meal:*Production mil. of IbStocks (at oil mills), end of month -_do _ . . -

Soybean oil:Production:

Crude - ~- - - . .do--Refined d1 do


end of month mil of IbPrice wholesale (refined* N Y ) dol per Ib

TOBACCOLeaf:

Production (crop estimate) mil. of IbStocks, dealers' and manufacturers', end of quarter,

total mil of IbExports, including scrap and stems thous. of l b__Imports, including scrap and stems do

Manufactured products:Production manufactured tobacco total do

Chewing plug and twist doSmoking doSnuff do -

Consumption (withdrawals):Cigarettes (small):

Tax-free millionsTax-paid do

Cigars (large), tax-paid thousands- _Manufactured tobacco and snuff, tax-paid

thous of IbExports cigarettes millions _

306. 8,506. 8

135. 171 2

96.370.4

180

71.7164.33.00

51.5

.131

752. 0416. 1

1,182.696. 1

269.8281.4

155

4 70858, 76712, 326

16, 1116, 0956,8943,122

2, 99538, 076

546, 698

15, 6701,532

711.21,437.5

328.6116. 1"

238.7144.0

. 173

72.0158. 12.99

52.3

.132

1,004.12, 943. 4

1,570. 1130. 1

352. 6274.8

155

83, 62014, 133

17, 7246,4957,7483,481

3,29140, 895

591,711

17, 2401,813

590. 21,951.1

280.4106.7

202.4142.4

. 174

62.9147. 52.97

45.5

.130

1,005.93,231. 1

1, 577. 9162.6

351. 2294.0

. 157

54, 71311, 609

13, 4555,3945,4812,580

2, 65734, 820

618, 107

13, 2071,525

546.91, 929. 9

260. 378.5

184. 61 150. 11 102 91 385. 6

. 174

60.6108.63.00

43.71 24.7

1 131.4.129

1,033.32, 958. 3

1, 636. 4110.6

359. 9312.9

1 278. 71 324. 0

157

2 1,736

4 97748, 88910, 659

13, 4655, 2555,2742,936

2,71133, 953

402, 108

13, 4721,297

547. 11. 507. 4

252. 379.6

188. 1143. 195 7

422.2. 160

63. 879.32.99

45. 526.9

150. 4.126

1, 100. 62, 829. 3

1,745.2136.4

385. 5308.8275. 9

380.4. 150

27, 47013, 624

14, 9515,9196,0832,949

2,63636, 242

441, 969

14, 5261,350

1

440. 11, 126. 2

201.8103. 8

152.6113.996 7

433. 3. 160

46. 660.62. 97

33.429.9

141.3.128

1,019.02, 593. 5

1, 575. 4169. 4

355. 3301.9276.8

455.2145

17,01911,804

13, 8555, 4335, 6472,775

2,67434. 614

453, 367

13, 5181,428

432.6722.8

195. 2139.8

148.9116.897 5

477.2. 160

52.828. 12.99

37.332.6

152.6.128

1, 080. 32, 219. 8

1,677.4186.6

380.8303. 8286.0

476.0145

4 84133, 21912, 883

14, 5425,4046,1432,995

2,78335. 493

511, 721

14, 3251,478

323. 5405. 5

151. 5166.4

116.5106.398 2

410.0. 160

31.613.73. 01

22. 437 8

132.7.126

1, 037. 51, 846. 3

1,596.2200.4

365. 6321.7282.9

512.6. 145

24, 18011,429

15, 3815.7126, 7582,912

3,21638, 097

525, 850

15, 0441,600

179.2233. 1

85.91 70. 5

65. 469.993 7

344. 3. 179

46.858.63.03

33. 540.8

121. 9. 125

1,091.61,520.2

1,685.0299.2

385. 5272.9278. 7

512. 6145

24, 95113, 306

14, 1805, 4876,0032,689

2, 97437, 252

618, 105

14, 0801,621

i 16. 6130.0

55. 1153 7

41.560.890 2

273. 5. 179

37.948. 73.01

26.839. 0

97.4.125

994.71.346. 5

1,540.4306. 4

355 2307.9308.9

472.9145

4,44925, 77712, 671

15, 3686,0416,4422,885

3,24038, 413

650, 072

15. 2271,598

97.4100. 3

45.5116.3

35.040 673 6

214.2p 179

54.870.02.97

39.336.1

92.9.125

957 41, 090. 8

1,491.4232.8

344.1257. 7255.1

464.4p 145

23, 56213, 481

14, 0946.0655,8962,133

3,514-•39,908514, 704

13, 1481,938

149. 3265. 5

70.187.8

50.351 275 7

166.1

81.767.73.28

58.938.8

105. 0.127

888.8501. 9

1. 395. 4193. 0

318.6283.1268 5

386 6

38, 86513, 324

14. 7025, 4846, 2552, 963

3,00340, 926

529, 145

14, 5032,042

501. 1887. 5

226.997.0

163. 4103.787 8

203. 4

33.093.43.42

59.033. 0

121.6P. 133

823.8750. 5

1 270.6108.2

296. 9236. 8258. 9

298.3

4 58393, 65411, 698

2.253

3~ 68

- - - _ -

3 1. 800

LEATHER AND PRODUCTS

HIDES AND SKINSExports:

Value, total 9 thous. of dol- .Calf and kip skins thous. of skins, _Cattle hides thous. of hides

Imports:Value, total 9 _ thous. of dol

Sheep and lamb skins thous. of pieces- _Goat and kid skins do

Prices, wholesale. (Chicago):Calfskins, packer, heavy, 9^/1 5 Ib dol. per lb__Hides, steer, heavy, native, over 53 Ib do - -

LEATHERProduction:

Calf and whole kip thous of skinsCattle hide and side kip thous of hides and kipsGoat and kid thous of skinsSheep and lamb do

Exports:Glove and garment leather thous. of sq. f t _ .Upper and lining leather do

Prices, wholesale:Sole, bends, light, f.o.b. tannery dol. per lb_-Upper, chrome calf, B and C grades, f.o.b. tannery

dol. per sq. f t _ _

3,649201351

3,4861,7491,318

.500

.118

6002 0251 5072,353

1, 3353, 569

.635

1. 192

5,231241514

4,4702, 3711,580

.525

.128

6992 3311 8292, 581

1,8233 952

.635

1. 198

5, 080224451

4,0361,4421,474

.550

.133

6442 0441,5252,419

1,5323,982

.640

1.218

3,997146389

5,1861,4332, 150

.650

. 118

7272 1621, 7682,379

1,1262,767

.657

1.308

3, 882165341

6,3811,9052,576

. 650

.123

6892 1531,9732,400

1,3422,988

.657

1.308

4,142119380

5, 4682,3321,958

.675

.133

6262 0461,7472, 396

1, 2342, 633

.697

1 . 308

5, 019177390

9,6906,3642.243

.675

.183

5972 0951,8942,396

1,6292,339

.710

1.345

3,946150323

8,8724,3642,217

.750

.253

6652,0881,9732,524

2,0972,849

1.010

1.403

7, 229225459

7,9163,3252, 338

.875

.203

5612,0342, 0322, 865

2,4703, 793

.945

1.478

5, 427174285

9, 0343, 9432,027

.700

.243

5321,9212,1392,601

2, 1242. 826

.947

1. 425

5,608137326

7,3522,3972,295

.725

.243

4161,5981,877

r 2, 262

1. 2502,387

.953

1.385

5,253141282

5,6041,3361,938

.725

.238

5151,8771.7393, 123

1,7582,377

.943

1.385

4, 834126267

9. 2354, 5912.017

P 6.50P. 228

1,7132, 566

p. 943

p 1. 368

.....

r Revised. p Preliminary.1 Beginning December 1958 includes amounts for hydrogenated fats (vegetable and animal) and other fats and oils "in process."

able. 2 December 1 estimate of 1958 crop. 3 November 1 estimate of 1959 crop.cTProduction of refined oils covers only once-refined (alkali refined).*New series; data prior to August 1958 are available from reports of the compiling agency (Bureau of the Census).9 Includes data for items not shown separately.

Strictly comparable data for earlier months arc not avail-




1958

Septem-ber October |No

bv

eerm-

i

Decem-ber

1959

Janu-ary

Febru-ary March April May June July August Septem- October

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers:Production, total thous. of pairs..

Shoes, sandals, and play shoes, except athletic,total thous. of pairs..

By kinds:Men's doYouths' and boys' doWomen's doMisses' and children's doInfants' and babies' do

Slippers for housewear do_.AthleticAthletic do.Other footwear _do.

Exports doPrices, wholesale, f.o.b. factory:

Men's and boys' oxfords, dress, cattle hide upper,Goodyear welt 1947-49=100..

Women's oxfords, elk side upper, Goodyear welt1947-49=100..

Women's pumps, low-medium quality do

50,131

41, 594

8,7332,19822, 0125,8352,816

7,619462456319

124.4

133.9118.7

53, 270

43, 615

9,1572,02322, 7596,4843,192

8,593571491436

124.4

135.1119.5

45, 015

37,153

8,2201,70318, 8465,5002,884

443521244

124.4

134.8119.5

48, 216

43, 272

9,1501,99022,2696,4203,443

3,957482505162

124.4

134.8120.2

53,333

49, 472

9,6752,18726,2297,6703,711

3,073475313186

124.4

134.8120.2

54, 258

48, 948

9,5802,23326, 2697,3213,545

4,397534379256

124.4

134.8120.2

57, 547

51, 476

10, 4252,31827, 7977,3983,538

4,925631515292

124.6

134.8120.2

56,048

49, 044

10, 5232,19526, 8756,2393,212

5,786635583285

128.7

138.8130.4

51,444

44, 737

2,11024,1615,9023,066

5, 519665523255

128.7

142.7132.0

53, 428

46, 375

9,3052,15825, 5356,3952,982

5,796698559215

128.7

142.7132.0

51,354

8,3252,45124, 6556,3672,546

592529214

129.5

142.7132.0

54. 672

46,059

9,1422,28425,2646,3702,999

7,341653619233

' 134. 4

150.6132.0

53,437

43,947

9,2352,21323,3946,0923,013

8,278669543248

134. 4

146. 7132. 0

LUMBER AND MANUFACTURES

LUMBER— ALL TYPES

National Lumber Manufacturers Association:Production total mil bd ft

Hardwoods doSoftwoods __do

Shipments total doHardwoods doSoftwoods do

Stocks (gross), mill, end of month, total doHardwoods doSoftwoods _ _ do

Exports total sawmill products M bd ftImports total sawmill products do

SOFTWOODSDouglas fir:

Orders, new mil. bd. ftOrders, unfilled, end of month doProduction doShipments doStocks (gross) , mill, end of month do

Exports, total sawmill products __ _ M bd. ftSawed timber doBoards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. L.

dol. per M bd. f t __Flooring, C and better, F. G., I" x 4", R. L.

dol. per M bd. f t _ _Southern pine:

Orders, new mil. bd. ftOrders, unfilled, end of month doProduction . ___doShipments doStocks (gross), mill and concentration yards, end of

month mil. bd. ftExports total sawmill products M bd. ft

Sawed timber _ doBoards planks scantlings, etc do

Prices, wholesale, composite:Boards, No. 2 and better, 1" x 6", R. L.

dol. per M bd. ft..Flooring, B and better, F. G., 1" x 4", S. L.

dol per "M. bd ftWestern pine:

Orders, new _ mil. bd. ftOrders unfilled, end of month doProduction doShipments doStocks (gross) mill end of month doPrice, wholesale, Ponderosa, boards, No. 3 common,

1" x 8" dol. per M bd. ft

HARDWOOD FLOORING AND PLYWOOD

Flooring:Maple, beech, and birch:

Orders new M! bd ftOrders unfilled end of month doProduction doShipments do _

Oak:Orders, new doOrders unfilled end of month doProduction _doShipments doStocks (gross), mill, end of month _ _ do

Plywood (except container and packaging), qtrly. total:!Shioments (market) M! so ft surface measure

3 143619

2,5243,195

5742,621

9,0183,5475,471

67, 480390, 936

693643727777839

21,26010, 12411, 136

83. 202

120. 750

655245596662

1,7887,2541,6545,600

76. 726

136 782

772483836801

1,953

69. 260

3,27511, 1253,7503,3759 200

76, 72553, 87582, 60382, 94774, 097

215 615

3 272593

2,6793,266

5992,667

9,0253,5415,484

62 292339, 377

636519778760858

16, 1528,3427,810

81. 543

120. 582

660207675698

1,7657,1431,6055,538

77. 482

137 656

716378844821

1,976

70. 770

3,25011, 0253,6003, 2009 750

70, 84041, 08489,42686, 59476, 877

2,731599

2,1322,660

6112,049

9,0963,5295,567

56, 648312, 828

570512619577900

17, 1527,4309,722

79. 072

121. 002

570194587583

1,7695,6761,2114,465

i 78. 574

137. 656

546346612578

2,010

71. 070

3,72511, 6753,2503,1759 900

59, 23035, 59671, 18466, 74579, 370

2,716528

2,1882,668

5262,142

9,1443,5315,613

56, 670309, 872

742600631654877

21, 6739,254

12, 419

78. 659

121. 002

506173582527

1,8246,845

9745,871

78. 181

136. 752

747439653654

2,009

70. 790

3,40013, 1003,4002,500

10, 850

56, 87733, 27170,64161, 19488, 261

228 249

2,650546

2,1042,662

5462,116

9,1323,5315,601

48, 454257, 384

696660641636882

20, 73110, 19710, 534

i 79. 907

1121. 072

566188584551

1,8575,1031,1293,974

78. 239

137. 128

657483555613

1,951

2 74. 940

3,60012, 7253,1502,750

11, 225

97, 92054, 13475, 11974, 85384, 693

2,642554

2,0882,682

5852,097

9,0913,5005,591

45, 213258, 844

603681588582887

16, 5747,4379,137

82. 279

123. 808

577219554546

1,8654,8551,0023,853

78. 184

136. 902

651488617645

1,9232 73. 470

3,05012, 8003,1503,000

11, 400

95, 05072, 51870, 76976, 66677, 062

2,964597

2,3673,111

5912,520

8,9453,5065,439

86, 748333, 370

709662706729865

23, 72414, 1919,533

84. 668

127. 212

702248636673

1,8285,9501,2414,709

78.688

137. 279

775527658736

1,845

2 75. 970

3,50013, 3253,5003,175

11, 675

92, 26177, 91377, 30282, 96470, 029

235 882

3,121603

2,5183,271

5992,672

8,8463,5105,336

52, 812337, 937

779678729763882

21, 7239,561

12, 162

86. 032

127. 720

715255661708

1,7815,9171,0334,884

i 79. 806

il 38. 486

776490752814

1,783

2 80. 290

4,12513, 1503,6503,950

11, 600

91, 02880, 92885, 91389, 34364, 889

3 163639

2,5243,221

5932,628

8,7793,5555,223

59, 320357, 910

791735717734857

20, 37712,0078,370

87. 698

127. 988

702281646676

1,7517,5001,9325,568

i 80. 2961 137. 928

805468787827

1,743

2 82. 460

3,85013, 2753,5003,425

11, 580

79, 42174, 15284, 99486, 19763, 686

3 216599

2,6173,217

5582,659

8,7783.5975,181

65, 969490, 723

636579760792826

28, 19617, 51010, 686

89. 825

129. 959

680278642683

1,7105,756

7395,017

80. 768

138. 009

748426825790

1,778

2 83. 540

4,20012, 9003,0504,300

10, 225

76, 28162, 50689, 32289, 27463, 734

229, 196

3 136623

2,5133,146

5382,608

8,7823,6825,100

66, 833447, 255

775658671695812

20, 36111, 1649,197

89. 576

130. 103

695261675712

1,6758,4571,6396,818

81. 074

138. 254

817414825829

1,774

282.310

3,80012, 9503,0503,7509,625

76, 88055, 81990, 00385, 58265, 454

3,171643

2,5283,137

6072,530

8,8163,7175,099

70, 181373, 098

671633667696786

24, 14613, 19010, 956

' 1 89.501

••1131.112669277614653

1,6346,5201,0745,446

'181.626

'•1139.512

762357886818

1,842

' 2 81, 030

3,80012, 3503,2503,8508,950

79, 37951,41786, 49985, 59666, 357

3 324635

2,6903,119

5662,553

9,0223,7875,235

76, 067315, 658

654587739699826

30, 41517, 96512, 450

» 88. 651

"131. 872

655267667665

1,6367,7211,3016,420

v 82. 312

J>140. 098

812343907826

1,923

* 2 79.142

2,75011, 7003,6753,3509,500

76, 27645, 97788, 67187, 22067, 048

* Revised * Preliminary i Not entirely comparable with data prior to month noted. 2 Not comparable with data through 1958; price is for boards, No. 3,1" x 12", R. L. (% Revisions for 1st qtr. 1957-2d qtr. 1958, respectively (units as above): 205,637; 195,812; 198,706; 191,276; 178,241; 181,467.

3' and over).




1958


berDecem-

ber

1959

Janu-ary


ber October

METALS AND MANUFACTURES

IRON AND STEEL

Foreign trade:Iron and steel products (excluding advanced manu-

factures and ferroalloys) :Exports, total thous. of short tons

Steel mill products* doScrap do

Imports, total J _ _ _ _ -do _Steel mill products* doScrap do

Iron and Steel Scrap

Production and receipts, total thous. of short tons..Home scrap produced doPurchased scrap received (net) do

Consumption, total doStocks consumers', end of month do

Ore

Iron ore (operations in all U.S. districts):Mine production thous of long 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, incl. reexports doStocks total end of month do

At mines doAt furnace yards doAt U S docks do

Manganese (manganese content), general imports Jthous. of long tons__

Pig Iron and Iron ManufacturesPig iron:

Production (excl. blast furnace prod, of ferroalloys)thous. of short tons..

Oonsumption doStocks (consumers' and suppliers'), end of month

thous. of short tons..Prices:

Composite dol. per long tonBasic (furnace) doFoundry, No. 2, Northern do

Castings, gray iron:Orders, unfilled, for sale, end of month

thous. of short tons..Shipments total do

For sale doCastings, malleable iron:

Orders, unfilled, for sale, end of monththous. of short tons..

Shipments total doFor sale do

Steel, Crude and Semimanufactures

Steel ingots and steel for castings:Production thous. of short tons

Percent of capacity cfIndex 1947-49=100-

Steel castings:Shipments total thous of short tons

For sale total doSteel forgings (for sale) :

Orders, unfilled, end of month doShipments total do

Drop and upset doPrices:

Composite, finished steel (carbon) __dol. per lb__Steel billets, rerolling, carbon, f.o.b. mill

dol. per short ton__Structural shapes (carbon), f.o.b. mill dol. per lb__Steel scrap, No. 1 heavy melting:

Composite (5 markets) §_ dol. per long ton__Pittsburgh district do

Steel, Manufactured Products

Barrels and drums, steel, heavy types (for sale) :Orders unfilled end of month thousandsShipments do

Cans, metal, shipments (in terms of steel consumed),

Food doShipments for sale do

Closures (for glass containers), production millions. _Crowns production thousand gross

Steel products, net shipments:Total (all grades) thous of short tons

Semifinished products do

Plates doRails and accessories do

38618118222918031

5,1132,9452,1685,0099,014

9,0269,9442,863

12, 1507,900

50576, 9628,950

62, 3255,687

97

5,0415,068

3,740

65.9566.0066.50

645917538

585732

7,63266

110.9

8565

287.989.470.0

.0697

95.00.0617

41.7742.50

1,7072,134

556392481

1,55823, 298

5,386220352394

54

547251254297201

47

5,7003,3132,3885,7029,008

8,57610, 1083,281

12, 6459,128

42079, 2177,518

65, 8435,856

65

5,8365,868

3,784

65.9566.0066.50

620993587

636140

8,84074

124.3

9573

302.999.777.1

.0697

95.00.0617

41.483 43. 00

1,6131,905

449288391

1,65324, 142

6,22524639946168

48523922424817539

5,6693,1512,5185,3809,300

3,9785,5502,138

9,3249,262

15777, 1515,935

65, 9045,312

90

5,9075,813

3,882

65.9566.0066.50

602958505

676335

8,56974

124.5

8566

306.589.070.0

.0698

95.00.0617

41.673 43. 00

1,5021,658

316184273

1,32222, 354

5,18724635245258

334170140296230

21

5,8673,3822,4855,5719,594

3,0421,4741,882

3,9489,588

3573, 3477,505

60, 2655,577

72

6,0255,958

3,964

65.9566.0066.50

608998509

666840

8,71173

122.4

10481

313. 1112.591.6

.0698

95.00.0617

39.8142.00

1,4911,882

289153244

1,27918, 294

5,51224838750069

403161219254229

14

5,7523,5172,2366,0209,331

3,3371,5521,970

3,1649,828

4768, 1349,063

53, 6015,470

107

6,2126,283

3,895

65.9566.0066.50

6871,002

517

777344

9,31774

131.0

10583

353.3112.990.7

.0698

95.00.0617

2 40. 3143.00

1,6291,803

314180263

1,42624, 026

6,186248360509

56

457168266268241

18

6,1763,6402,5366,3379,181

3,6651,4931,482

3,0469,699

4363, 62111,44846, 9445,229

73

6,1476,303

3,692

65.9566.0066.50

7671,037

539

907542

9,60385

149.5

11086

392.0112.791.5

.0698

95.00.0617

' 2 41. 8643.00

1,6481,809

304174256

1,43724, 633

6,524270410558123

489178286320287

20

7,5394,3343,2057,4799,232

3,8681,6901,874

3,54311,512

5456, 80013, 62938, 602

4,569

80

7,4627,614

3,553

65.9566.0066.50

8471,206

666

968450

11, 56892

162.6

131104

396.1128.8104.1

.0698

95.00.0617

2 41. 3344.00

2,0682,017

341185287

1,57626, 612

8,118344554651167

504178300423360

19

7,4764,3903,0877,4429,269

6,1664,6871,941

5,85211, 540

2451, 58015, 11732, 9143,549

129

7,3387,451

3,467

65.9566.0066.50

8921,246

689

1039154

11, 28293

163.9

134105

397.7135.7105.7

.0698

95.00.0617

2 35. 1637.00

2,5462,157

389219330

1,69128, 987

8,603346568694160

60916641950638531

7,3494,3932, 9577,4409,183

12, 17013, 7433,302

16, 04911, 848

43654, 68513, 56537, 1154,005

94

7,6847,692

3,492

65.9566.0066.50

8851,236

685

1008350

11,60193

163.1

135106

393.5141.8104.6

.0698

95.00.0617

2 33. 4135.00

2,5752,523

400219346

1,60630, 369

8,754357593701192

63119140851941131

7,0534,3302,7247,0819,200

12, 37114, 3014,124

17, 76311, 131

45659, 53511, 64643, 7464,143

100

7,2327,376

3,432

65.9566.0066.50

8371,252

717

958551

10, 90890

158.4

144112

374.6140.0108.1

.0698

95.00.0617

2 35. 6736.00

1,9832,848

445251385

1,78734, 263

9,700386657788192

683157497570430

24

P i 1, 144P I 517p i 626

P i 1, 127p i 1,318

5,7237,1183,188

1,020

10, 147

82

3,550p i 390

p i 865

65.9566.0066.50

898943533

756943

5,22742

73.5

10784

' 376. 5102.9'80.6

.0698

95.00.0617

2 38. 4840.00

1,9742,026

502302451

1,62131,160

4,13113227741875

62151

55244932331

645762

3,182

260

10, 362

37

<948

65.9566.0066.50

873744507

866540

1,43912

20.2

9879

376.295.775.3

.0698

95.00.0617

' 2 37. 6338.00

1,9341,684

615423546

1,44429, 899

48847

427449366

12

3,802

39

87

65.95P 66. 00P 66. 50

1, 53513

22.3

.0698

P 95. 00P. 0617

p 2 39. 15P38.00

642412577

1,52429, 088

65.95

P 1,68513

23.7

.0698

' Revised. p Preliminary. * Independent iron and steel foundries only. 2 Not entirely comparable with composite through 1958; see note marked " §". 3 Nominal.* Including blast furnace production of ferroalloys.*New series (from Bureau of the Census); data for January-July 1958 are shown in October 1959 SURVEY (bottom p. S-32).^Scattered revisions for January 1957-July 1958 are available upon request.cf For 1959, percent of capacity is calculated on annual capacity as of January 1,1959, of 147,633,670 tons of steel; for 1958, as of January 1,1958 (140,742,570 tons).§ Represents the weighted average of consumers'buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham, Los

Angeles (through 1958 only), San Francisco (beginning 1959).Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis



1958

Septem- Optnhpr Novem- Decem-ber October ber ber

1959

Janu-ary


ber October

METALS AND MANUFACTURES—Continued

IRON AND STEEL— ContinuedSteel, Manufactured Products — Continued

Steel products, net shipments— ContinuedBars and tool steel, total thous of short tons

Bars: Hot rolled (incl. light shapes) doReinforcing 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

Fabricated structural steel:Orders, new (net) _ -thous. of short tonsShipments doBacklog, end of month doNONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary, domestic. thous. of short tons--Estimated recovery from scrap© __ __do __Imports (general):

Metal and alloys, crude doPlates, sheets, etc _ _ _ _ do

Stocks, primary (at reduction plants), end of monththous. of short tons

Price, primary ingot, 99.5%+ dol. per lb_Aluminum shipments:

Mill products and pig and ingot (net) mil. of lb__Mill products, total do

Plate and sheet doCastings! do

Copper:Production:

Mine, recoverable copper thous. of short tons..Refinery, primary do

From domestic ores doFrom foreign ores do

Secondary, recovered as refined doImports (general):

Refined, unrefined, scrap© do__ _Refined, _ do

Exports:Refined, scrap, brass and bronze ingots do

Refined doConsumption, refined (by mills, etc.) doStocks, refined, end of month, total do

Fabricators' _ doPrice, bars, electrolytic (N.Y.) dol. perlb..

Copper-base mill and foundry products, shipments(quarterly) :

Brass mill products _ mil. oflbCopper wire mill products© doBrass and bronze foundry products _ do

Lead:Production:

Mine, recoverable lead __thous. of short tonsSecondary, estimated recoverable© do

Imports (general), ore©, metal __ _ .do ..Consumption, total _ doStocks, end of month:

Producers', ore, base bullion, and in process©(ABMS) thous of short tons

Refiners' (primary), refined and antimonial©thous. of short tons

Consumers' c? doScrap (lead-base, purchased), all consumers. .do

Price, pig, desilverized (N.Y.) dol. perlb..Tin:

Imports (for consumption) :Ore©J long tonsBars, pigs, etc _ do

Estimated recovery from scrap, total© doAs metal. _ ... _ _do

Consumption, pig, total _ _ _ _ _ doPrimary do

Exports, incl. reexports (metal)... doStocks, pig (industrial), end of month _ doPrice, pig, Straits (N.Y.), prompt dol. perlb..

Zinc:Mine production, recoverable zinc

thous. of short tons..Imports (general):

Ores and concentrates© _doMetal (slab, blocks) do

Consumption (recoverable zinc content) :Ores£} doScrap, all types _ _ _ do

Slab zinc:Production (primary smelter), from domestic and

foreign ores thous. of short tonsSecondary (redistilled) production, total _ _ doConsumption, fabricators', total doExports doStocks, end of month:

Producers', smelter (AZI) do ..Consumers' do

Price, prime Western (St. Louis) dol. perlb...r Revised. ? Preliminary. * See note marked '

81051819394

561263633

2,102617965

256314

2,047

125.926.3

46.42.4

124.3.2680

374.7231.2119.352.8

82.1114.782.632.116.1

34.35.2

36.632.2

115.0268.7110.9.2608

419359190

19.628.753.890.2

107.8

170.0106.731.7

.1087

03,6551,710

3006,3804,350

3020, 690.9401

30.7

31.220.9

9.017.4

59.04.7

75.0(2)

238.162.3

.1000§." 2

887594184102625283917

2,338687

1,074

259307

1,913

139.832.5

22.12.9

124.2.2680

347.7254.3130.455.7

91.1121.188.632.519.1

28.22.9

47.343.1

137.1207.2101.0.2731

21.233.336.792.6

93.5

168.7117.537.0

.1264

1154,2322,025

3406,9404,710

14820, 560.9647

32.7

24.018.3

8.018.4

61.04.3

82.8.4

210.274.3

.1084

I/ess than

821559152102533251157

2,317653

1,132

243271

1,839

141.026.7

18.82.9

138.5.2680

302.5216.3114.555.8

94.4126.899.627.220.3

47.811.1

49.644.5

122.0189.1118.2.2867

21.430.234.884.4

94.0

178.6118.346.4

.1300

743,0011,800

2655,6303,650

6920, 065.9896

33.3

33.012.8

8.020.4

61.14.1

75.2(2)

191.781.6

.1137

100 short

839579143110527237200

2,506694

1,253

197267

1,809

152.331.0

25.33.5

146.1.2680

333.0235.4121.759.5

95.3138.6108.330.217.1

40.84.5

52.345.6

127.0181.8126.7.2858

533398225

22.732.351.184.6

101.6

197.7116.054.7

.1300

944,2271,850

3306,1354,115

20521, 444.9897

35.8

48.118.7

8.819.4

71.14.4

79.0.3

190.289.3

.1150

tons.

888623134123679268498

2,648731

1,339

236224

1,794

156.730.0

12.73.5

175.1.2680

359.8236.3122.7168.9

97.1128.0102.026.021.3

43.92.9

27.922.2

126.1181.8126.7.2864

23.433.834.788.4

104.8

208.2118.149.2

.1267

3,4162,9891,950

2606,8604,490

11221, 160.9935

35.4

50.215.0

8.217.9

71.35.1

79.5.2

195.885.1

.1150

938656141133706279526

2,714784

1,330

294216

1,864

142.129.1

9.73.6

183.8.2680

331.6231.8122.768.4

87.9120.695.724.921.0

31.33.5

25.020.8

126.1183.5124.6.2962

21.431.824.384.2

96.9

214.3114.640.3

.1156

484,3741,880

2356,7854,245

10322, 4251. 0271

35.7

51.26.8

7.417.6

65.95.3

77.0.2

200.583.4

.1142

1,211825217159930362714

3,185928

1,557

255260

1,873

157.232.0

14.24.4

159.2.2680

385.9271.6150.873.4

98.2131.8101.430.422.7

37.23.8

23.019.4

138.8181.4123.2.3103

575405240

21.029.454.985.1

103.6

209.8123.437.4

.1141

544,6621,955

2557,5104,700

15321, 7551.0303

36.4

36.916.0

8.321.5

74.85.2

87.4.7

206.179.2

.1100

1,282845254172

1,113403821

3,215956

1,524

295291

1,922

155.234.6

14.03.7

131.5.2680

423.2294.9156.473.0

100.7130.2102.927.326.2

31.55.0

24.220.6

147.2169.2120.2.3130

21.231.733.691.3

97.8

197.0124.034.8

.1119

184,2142,150

2757,7554,880

11021, 7001. 0250

37.7

49.06.5

8.222.8

71.05.4

90.1.4

203.976.3

.1100

1,337890256181

1,141429830

3,174947

1,496

242294

1,768

163.933.1

22.84.3

112.7.2680

452.1320.8170.268.3

101.4124.698.925.822.6

35.811.8

19.215.3

139.9187.8125.3.3116

20.131.340.796.2

88.2

170.9132.537.1

.1190

373,8452,010

2557,4554,995

3120, 9501. 0304

37.7

41.917.2

8.822.1

71.95.6

88.1.1

196.076.4

.1100

1,518969346191

1,261491818

3,5901,1541,607

291365

1,717

167.334.4

30.54.5

88.6.2680

523.1341.4182.666.5

94.2128.7101.427.321.7

60.319.3

16.012.6

146.8181.7139.7.3110

578412262

21.430.538.495.8

89.9

132.6153.941.8

.1200

3,7834,9841,980

3157,9354,995

15522, 6451.0415

35.9

45.817.7

8.422.0

70.55.0

96.0.2

169.486.2

.1100

60636814288

554192314

1,563459718

259239

1,679

179.231.3

30.85.0

80.4.2680

r 509. 4' 373. 1

195.456.9

87.4125.794.231.519.9

44.810.7

13.711.4

P88.5' 230. 2* 178. 3

.3008

19.530.535.389.6

89.6

142.0154.945.5

.1200

2,5471,745

2505,6003,210

5422, 9951. 0231

31.4

47.417.1

8.715.3

68.54.6

65.4.1

182.090.2

.1100

197220

1,772

172.8

31.64.6

94.0.2680

'314.2'247. 5120.555.8

'54.4

38.412.9

18.816.6

* 118. 7* 192. 1* 158. 9

.2989

'21.631.025.190.0

83.9

128.2156.046.1

.1229

612,399

4,7602,185

10622, 6751. 0233

'30.6

34.69.1

7.916.8

65.93.9

60.5.2

102.093.4

.1100

284183

1,871

168.2

14.84.2

109.1'. 2680

329.8262.7130.7

25.928.112.915.216.0

76.740.3

11.79.0

» 130. 3v 150. 1» 129. 0

.3102

*>546P381"230

20.3

33.1

100.0

.1300

2,4543,876

129

1. 0243

28.9

32.413.3

3.0

193.0

.1133

.2680

.3258

.1300

1. 0220

191.3

.1213

©Basic metal content.§ Beginning January 1959, data are based on larger sample; shipments for January and February 1959,cf Includes secondary smelters' stocks of refinery shapes.J Scattered revisions for January 1957-July 1958 are available upon request.

comparable with data through 1958, are 62.9 and 62.8 million pounds.


S-34 SURVEY OF CUERENT BUSINESS November 1&59


1958


berDecem-

ber

1959

Janu-ary


ber October

METALS AND MANUFACTURES— Continued

HEATING APPARATUS, EXCEPT ELECTRIC

Eadiators and con vectors, cast iron:Shipments mil. of sq. ft. of radiationStocks, end of month do_-

Oil burners: AShipments thousandsStocks, end of month _ _ _ _ d o _

Stoves and ranges, domestic cooking, incl. built-ins: Ac?Shipments, total __ _ _ .thousands

Coal and wood doGas (incl. bungalow and combination) o" do _Kerosene, gasoline and fuel oil do

Stoves domestic heating, shipments, totalAt doCoal and wood _ _ --. doGasf doKerosene, gasoline, and fuel oil - _do-_ -

Warm -air furnaces (forced-air and gravity air-flow),shipments totalAt thousands

Gas - .- --- do. _ -Oil doSolid fuel do

Water heaters, gas shipmentsA - do

MACHINERY AND APPARATUS

Blowers, fans, and unit heaters, quarterly totals:Blowers and fans new orders mil. of dolUnit-heater group, new orders do

Foundry equipment (new), new orders, netmonthly average shipments, 1947-49=100

Furnaces, industrial, new orders, net:Electric processing mil. of doL-Fuel -fired (except for hot rolling steel) do

Industrial trucks (electric), shipments:Hand (motorized) - .numberRider-type do

Industrial trucks and tractors (gasoline-powered),shipments number

Machine tools (metal-cutting and metal-forming) :New orders (net) total mil. of dol

Domestic __doShipments total do

Domestic do. _ _Estimated backlog months

Other machinery and equipment, quarterly shipments:Construction machinery (selected types), total?

mil. of dolTractors, tracklaying (crawler), total doTractors wheel (contractors' off-highway) doTractor shovel loaders, integral units only (wheel

and tracklaying types) mil. of dolFarm machines and equipment (selected products),

excluding tractors mil. of dolTractors, wheel (excl. garden and contractors' off-

highway types) mil. of dolPumps (steam, power, centrifugal, and rotary), new

orders mil. of dol

ELECTRICAL EQUIPMENT

Batteries (automotive replacement only), shipmentsthousands

Household electrical appliances:Ranges (incl. built-ins), domestic and export sales

thousandsRefrigeration output (seas adj ) 1947-49=100Vacuum cleaners (standard type) , sales billed

thousandsWashers sales billed (domestic and export)© do

Radio sets, production! doTelevision sets (incl. combination), prod.§ doElectronic tubes and semiconductors, factory sales

mil of dolInsulating materials and related products:

Insulating materials, sales billed, index1947-49=100.-

Steel conduit (rigid), shipments thous. of ft_

Motors and generators, quarterly:New orders index 1947-49=100Polyphase induction motors, 1-200 hp:1

New orders gross thous. of dolBillings -- - do _ _

Direct current motors and generators, 1-200 hp:^New orders gross thous. of dol__Billings .__! ..do

2.64.1

74 635.3

194.95 7

182.56 7

344 958.1

229 257.6

161.4103.943 85.6

224 7

30 220.9

64.5

1.1g

385294

1,510

28 1024 6534 9029.65

2 9

252 279.526 7

40 8

193.6

108.6

5.9

2,704

121.8155

299.6423 1

21,572.02 621. 7

72 3

12440, 987

144

36,98833, 580

5,3384,916

2.83.4

79 030.4

224.95.6

211.97 4

379.661.2

255 562.9

153.1100.140 15.1

254 7

118.9

.99

467295

1,368

37 0032.0041 4035.90

3 0

5.4

2,976

135.5173

339.1404 1

1, 322. 2495.6

78 6

13534, 318

1.83.2

51 830.8

181.54 0

171.16 4

208.229.5

148 730.0

120 881.130 23.5

193 1

83.3

.83 9

426238

1,407

30 7026.8533 6527.45

3 0

4.4

2,262

129.4184

293.6333 0

1, 545. 6437.8

69 6

12230, 196

1.33.2

40.732.4

189.64 2

181.04 4

137. 116.495 125.6

95 865.822 92.2

204 0

29 421 2

137.0

1.61 9

429385

1 501

43 9034 7543 9537.80

3 1

177 446.015 7

37 4

137 1

116 5

5.2

3 041

143 9180

317.0330 5

2 1, 525. 72 414. 9

66 0

12427, 468

155

37 63735, 742

5,6576,294

1.43.8

47.437.7

158.54.4

148.85.3

99.59.8

52.737.0

89.164.122.82.1

252.9

127.4

.92.2

361270

1,472

41 0535. 1031 3025.80

3.4

5.0

2,672

120. 8150

242.5288.5

1, 124. 7437.0

63. 2

13034, 764

1.44.2

44 743.4

162.73.9

152.46 3

100.79.5

55 535.7

86.363.521.01.9

246.7

237.1

.91 9

282206

1,429

45 4040 0536 0529.85

3 8

5.5

1,791

134 6173

271.4297 8

1, 125. 4459.5

65 8

13826, 789

1.74.6

43 846.3

181.83 5

171.56 8

132.112.773 146.3

95 070.322.91.8

252.6

34 219.9

166 6

.93 3

426266

1,897

51 5546 7045 7539 40

3 9

248 471.820 5

49 6

240 2

148 8

5.6

1 376

172 6164

346 6329 7

2 1, 347. 62 494. 0

77 9

15225, 856

164

41, 08938, 188

8,2715,169

1.84.7

43 553.2

175.64.0

164.86 8

131.118.675 836.7

97.674.621.11.9

248 1

154.2

1.26 9

440295

2,155

53 2046.9045 0038.25

3 9

6.7

1,437

136.1171

317.4274 4

1, 040. 2389.3

68 0

16631, 654

1.15.3

48.252.2

170.32.4

161.36.5

122.120.963.437.8

100.675.723.21.7

227.6

157.0

1.02.5

361292

1,760

48 7045.5541 0036.30

3.9

7.0

1,593

133.4178

257.3277.9

1, 039. 6431.9

69.4

15335, 037

1.45.4

68.451.9

183.33.9

172.47.0

200.727.3

126.646.9

119.389.426.93.0

236.7

39.220.6

125.1

1.53.1

574384

2,040

65.4060.1050.0544.95

4.1

339.274.135.3

70.2

285.3

182.6

7.3

2,118

151.4170

276.0341.9

21,430.22571.0

77.5

15346, 100

190

47, 36746, 848

7,7816,641

1.64.8

54.152.7

156.03.9

145.56.7

232.532.5

146.054.0

' 126. 5'94.928.33.3

234.7

110.7

2.26.2

579400

1,916

63.4053.2540.6037.00

4.6

127.4

149.1

5.7

2,556

129.2181

221.2318.1829.0350.4

70.0

13139, 126

1 13 554

12,903

1.74.6

65.450.8

186.93.8

176.66.5

303.842.2

196.565.0

151.2110.835.44.9

241.2

134.1

1.65.7

355273

2,161

'52.20r 47. 05' 40. 30

35.35'4.8

129.9

126.6

2,728

116.6199

268.5359.8

1,009. 4547. 4

74.0

14529,926

i 12 660

i 1, 959

2.33.9

79.342.7

222.45.2

210.36.9

344.555.5

225.563.5

170.7120.943.96.0

231.5

1.81.6

433386

2,226

*>59 60» 50. 55p45 80v 41. 80

* 5 0

!32.8

U1.4

2,893

157.2183

305.1394. 1

'21,981.2- 2 808. 3

86.8

20,192

v 1, 792. 6v 705. 8

' Revised. *> Preliminary. J Data are for month shown. 2 Represents 5-weeks' production.ABeginning January 1959, industry estimates are based on revised inflating factors and are not strictly comparable with earlier data.concludes data for built-in gas-fired oven-broiler units; shipments of cooking tops (for use with the ovens), not included in figures above, totaled 32,500 units (4-burner equivalent) in

August 1959 and 35,500 units in September 1959.fRevisions for gas heating stoves (January-June 1958) and warm-air furnaces (January 1957-June 1958) are available upon request.9 Includes data not shown separately.©Data exclude sales of combination washer-dryer machines; such sales (including exports) totaled 25,500 units in September 1959.§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for September and December 1958 and March,

June, and September 1959 cover 5 weeks; all other months, 4 weeks. HData for induction motors cover from 25 to 30 companies; for d.c. motors and generators, from 14 to 19 companies.




1958


berDecem-

ber

1959

Janu-ary


ber October

PETROLEUM, COAL, AND PRODUCTS

COALAnthracite:

Production thous of short tonsStocks in producers' storage yards, end of mo., do. - -E xports doPrices:

Retail, stove, composite dol. per short ton.-Wholesale, chestnut, f.o.b. car at mine do

Bituminous:Product ion . .. thous. of short tons. _Industrial consumption and retail deliveries, total 9

thous. of short tons ~Electric power utilities doRailroads (class I) doManufacturing and mining industries, total.. do

Coke plants (oven and beehive) do

Retail deliveries to other consumers do

Stocks, industrial and retail dealers', end of month,total thous of short tons

Electric power utilities doRailroads (class I) doManufacturing and mining industries, total, do

Oven-coke plants do

Retail dealers do

Exports doPrices:

Retail, composite... __ dol. per short tonWholesale :

Screenings, indust. use, f.o.b. car at mine doDomestic, large sizes, f.o.b. car at mine do

COKEProduction:

Beehive thous of short tonsOven (byproduct) -- doPetroleum coke § - do. -.

Stocks, end of month:Oven-coke plants, total do

At furnace plants _ doAt merchant plants _ . . --do.-

Petroleum coke _ doExports _ _ do ..Price, oven foundry coke (merchant plants), f.o.b.

Birmingham. Ala._. dol. per short ton.

PETROLEUM AND PRODUCTS

Crude petroleum:Oil wells completed . . _ . . _ .number.Price at wells (Oklahoma-Kansas) dol. per bbl._Runs to stills thous. of bblRefinerv operating ratio percent of capacity. -

All oils, supply, demand, and stocks:New supply, total - - _ thous. of bbl

Production:Crude petroleum doNatural-gas liquids, benzol (blended), etc. -do

Imports:Crude petroleum ... _ doRefined products _ - do. _

Change in stocks, all oils (decrease, — )._ do

Demand, total.. ._ -_ .doExports:

Crude petroleum . doRefined products do -

Domestic demand, total 9 doGasoline _ _ _ doKerosene. - _ _ doDistillate fuel oil _. doResidual fuel oil do.

Jet fuel -. doLubricants , doAsphalt -do_ .Liquefied gases _ . - do

Stocks, end of month, total do.Crude petroleum _ _ _ doNatural-gas liquids .. doRefined products. ._ .do ..

Refined petroleum products:Gasoline (incl. aviation):

Production. _ __ doExports doStocks, end of month:

Finished gasoline doUnfinished gasoline do

Prices (excl. aviation):Wholesale, refinery (Okla., group 3) .dol. per gal--Retail (regular grade, excl. taxes) , service stations,

55 cities (1st of following mo.) dol, per gal .

2 050501235

27. 8013 951

36, 956

29, 46812 087

21514, 2036,439

2,826

74 02049, 508

40223, 09310 523

1 017

4 626

16.60

5. 3267. 659

574,458

604

3 9932, 577I, 416

84528

28. 85

2, 1123.07

232, 88485

286, 355

212, 97223, 989

29, 92719, 46722, 135

264, 220

1708, 656

255, 394120,389

6, 03138, 05637, 070

8,6843,362

12, 59912,610

816, 668251, 70127,437

537, 530

120, 0102, 524

164, 37510, 962

. 120

. 215

1 966527252

27. 9514 343

40, 205

32, 45413 094

28115, 5147,310

3,428

77 80750, 653

40925, 68311 666

1 062

4 510

16 49

5. 3297.784

655 053

665

3 8962 5071,389

88242

28. 85

2,3883.07

238 69584

295,812

216, 30425, 074

28, 88525, 5496,173

289, 639

3308,426

280, 883125 097

9,00847,31945, 049

9,6783, 529

11, 22714, 060

822, 841255, 345

27 894539, 602

121, 5392,389

157, 57612 544

.120

.211

1 559580198

28.1314 413

34, 802

32, 32513 265

28215, 5997,509

3,068

77 21250, 326

38725,41012 336

1 089

4 086

16 81

5.2917.822

725 183

647

3 8822 4821,400

93142

28. 85

2,3833.07

233 27984

287, 512

209, 51825, 246

29, 02623, 7228,464

279, 048

2758,888

269, 885110 58710, 11457 01044, 642

7 1003 4986,343

15 455

831, 305257 54627 349

546,410

120, 8772,649

165, 88812 686

. 116

.204

1 959406192

28.1414 413

39, 799

36, 48415 715

36316, 4757,885

3, 900

76 28548, 752

34526, 24212 957

946

2 920

16 83

5. 2807.841

845 437

687

3 8132 4111,402

96433

28. 85

2,3383.07

246 78186

315, 389

221, 21026. 790

33, 43433, 955

-42, 509

357, 898

746, 837

350, 987120 30517,61697 57462, 799

8 1213 4403,892

21, 999

788, 796262 73022 752

503, 314

128 5372,160

174, 52612 234

. 116

. 206

2 194329181

28.2614 413

35, 730

35 68315 907

33916, 3947,864

3,040

71 20345, 121

36024, 96912 128

753

3 142

16 98

5. 3328.013

825 533

683

3 7932 366] ' 427

99529

29. 23

2,4272.97

255 12488

315,524

223 92626, 697

28. 66436 237

-35, 136

350, 660

3527 998

342, 310114 720

17, 99795 23462. 940

8 0863 5043, 635

22 710

754, 390258 108

18 008478 274

127 508I, 575

187 472t i 603

.115

.210

1 557298166

28.8114 966

33, 760

33, 31214 002

30415, 4527,784

3,551

69 16743, 024

34925, 13911 852

655

o 288

16 99

5. 3348.013

925 437

636

3 7092 2741, 4351 041

31

30.35

1, 8532.97

227 56287

292, 471

201, 43525, 091

29, 46736 478

-2,628

295, 099

976 439

288, 56399 75913, 11374 10257, 436

7 2032 7463 160

17 g64

751, 762260 040

17 651474 071

111 5231,682

197 46812 8Q9

. 115

.211

1 508281108

28.8014 763

34, 820

34, 75214 400

28617,2608,861

2,802

65 86841 ' 939

33723, 07311 684

519

2 824

17 00

5.3417 775

1376 262

736

3 5872 1581 4291 094

33

30. 35

1, 9952.97

254 42288

318 918

222 83927, 328

28, 11340 638

7, 295

311,623

1787 297

304, 148118 99510 69367 21859, 281

7 5683 7995' 798

16 617

759, 057254 940

19 524484* 593

126 2191/262

204 6481'-? 964

. 120

.213

1 503'329

79

28.7513 391

34, 460

30 92512 632

24116, 3528,613

1,634

65 73942 292

27622 68611 569

485

3 148

16 94

5.2067 359

1526 074

617

3 4232 0421*3811 094

35

30. 35

2 2092 97

235 98284

286 201

217 68526, 162

22 27020 0846,766

279 435

2307 963

271 24f>124 917

5 98047 68245 130

8 5893' 577Q 971

14 787

765, 823257 564

22 ^89485 670

118 1052, 243

197 84112 554

. 120

.211

1 388372158

27.4413 391

34, 860

30, 25312 718

18916, 1748,830

1,018

67 65943, 686

26623, 07711 837

630

3 303

16 58

5. 1747 313

1336 244

693

3 1541 8351 3201 131

61

30.35

2, 1492.97

244 78983

296 418

223 80626, 638

29, 08916 88533, 433

262 985

2677 067

255 651127 049

4*01337 47437, 776

7 4763 $319 367

13 632

799, 256264 525

27 210507* 521

123 8792*002

193 10612 534

. 120

.212

1 683395106

27.3413 391

36, 010

29, 92113 249

15215, 3038.561

1,059

70 36944, 932

27124, 36912 428

797

2 894

16 55

5. 1737. 459

1215 923

724

2 9001 6431,2571 178

41

30. 35

2, 3682.97

239 60784

295, 505

212 48925, 950

36. 14720 91917, 313

278. 192

1927 600

270, 400133 695

4 55236 43840, 442

7 9143 900

12, 56214 839

816, 569272 50529 976

514* 088

124 5801,814

183 02213 056

. 115

.213

1 142411119

27.4813 811

24, 260

26 21713 391

13311,3195,136

1,248

65 37443* 493

24920, 7009 278

932

3 677

16 65

5.1757. 585

592 310

663

2 195861

1,3351 203

41

30.35

2,4472.97

244 31683

280 418

210 31126, 190

27, 51016 4072,610

277 808

1747 264

270 370137 141

6 06334 16136 068

8 9833 671

13 44015 165

819, 179264 99431 296

522 889

127 9912,056

172 75512 539

. 110

.217

1 515442108

27.4913 811

r 29, 940

* 24, 98213 806

131' 9, 318

3,009

1,622

r 66 59645, 376

246r 19, 912

8 442

1 062

4 001

16.72

r 5. 171r 7. 724

401 543

670

2 299985

1,3141 185

29

30. 35

2,1142.97

250 50885

282, 365

209, 73326, 539

29, 94316, 15013, 291

269, 074

2376 698

262 139132 875

4 37031 45734, 705

9 2333 567

13 72116 563

832, 470253 09131 820

547 559

130 3661, 398

170 54311 378

. 120

.218

r i 726467217

27.40v 14 233

32, 530

24, 74412 987

1379,2352,849

2,281

68 77347, 680

24619, 7747 927

1 073

3 509

16 95

J> 5. 185J»7 . 818

321 532

2 8501 1981 652

32

30.35

.214

1 709

35, 060

30. 35

. 207r Revised. * Preliminary. 9 Includes data not shown separately. § Includes nonmarketable catalyst coke.




1958


berDecem-

ber

1959

Janu-ary


ber October

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— ContinuedAviation gasoline:

Production thous. of bblExports doStocks, end of month do

Kerosene:Production doStocks, end of month _ _ doPrice, wholesale, bulk lots (N.Y. Harbor)

dol. per gal_.Distillate fuel oil:

Production thous. of bblImports . _ doExports do _Stocks, end of month doPrice, wholesale (N.Y. Harbor, No. 2 fuel)

dol. per gal__Residual fuel oil:

Production thous of bblImports do

Stocks end of month doPrice, wholesale (Okla., No. 6 fuel) dol. per bbl

Jet fuel:Production thous. of bbl_.Stocks end of month do

Lubricants:Production doExports do _Stocks end of month doPrice, wholesale, bright stock (midcontinent, f.o.b.

Tulsa) dol per galAsphalt:

Production thous. of bblStocks end of month do

Liquefied petroleum gases:Production doTransfers from gasoline plants doStocks (at plants, terminals, underground, and at

refineries) thous of bbl

Asphalt and tar products, shipments:Asphalt roofing, total thous. of squares..

Roll roofing and cap sheet - doShingles all typos do

\SDhalt siding doInsulated siding doAsphalt board products thous. of sq. ft ._Saturated felts short tons

11, 1421, 633

10, 564

8 54431, 259

.104

53, 5061,5381,570

155,412

.099

29, 19710, 1392,782

67, 6701.30

7, 0616. 145

4 162978

10, 037

.230

10, 3528,696

4,6918,312

21, 863

6,0962,4863,611

114197

1,92586. 761

10, 8431,470

10, 778

9 77831, 877

.104

56, 3721, 1741,102

164, 686

.099

29, 73816, 5642,488

67, 0451.40

6,5585,373

4 5191,2629,765

.230

9,3847,351

4,5069,708

22, 316

5,8802,3773,503

132188

1,84281, 137

10, 4641,722

11,476

10 50032, 120

.104

54. 3641,0352,025

161, 192

.099

29, 36115, 9451,997

66, 2231.50

5,8045,184

4,3131,1689,412

.230

6,9498, 416

4,77311,033

21, 970

3,8641,4722,391

97113

1,15365, 787

10, 6901, 507

12, 300

11. 59326, 040

.109

60, 5951,727

987125, 101

.104

34, 24623, 0581,814

59, 5081.60

6,9825,871

4,692977

9,687

.230

4,5249,757

5, 60216, 338

17, 323

2,391851

1,540

5968

1,05854, 392

10, 269823

13, 186

12, 97821, 090

.112

66, 1241, 5561, 261

96, 849

.107

34, 62226, 1533,234

55, 2141.70

6,1126.257

4,3601,0519,494

.230

4,51011,252

5, 17117, 383

11, 956

2, 6981,0291,669

5476

95058, 927

9,9791, 117

14, 437

11,68619, 725

.117

60, 4581,585

85684, 071

.112

31, 49326, 354

2, 34554, 178

1.90

6,2186,499

3 941961

9,728

.230

4.37912. 726

5,35312, 784

11, 154

3,3651,2212,144

6769

1,09466, 678

9,845746

14, 884

9 48418, 688

.117

61, 6103,4671,427

80, 662

.112

32, 56931, 4092,703

57, 2101.90

7,9587,879

4 6521,1749,407

.230

6,76914, 270

6,13410, 813

13, 318

6,9502,5244,426

110107

1,484120, 966

10, 0991, 518

14, 408

8 26921, 003

.112

52, 1811,877

95186, 222

.107

28, 10414, 9842,572

53, 3271.80

7,1547,842

4 7511,4119, 170

.230

7,67415, 235

5,8619,314

17, 051

3,9851,3792,606

53143

2,20680, 148

10, 5671,408

14, 325

7 57424, 597

.107

54, 295811

1,112102, 863

.102

27, 87413, 8611,950

55, 8211.80

7,0607,960

4 7541,1818,912

.230

9,28115, 351

5,7718,251

21, 737

4,7491,5683,182

62159

1,87083, 830

10, 8281,180

14, 623

7 31427, 364

.101

53, 7451,8411,182

120, 962

.096

27, 44814, 6712,499

55, 4791.60

7,3317,995

4 6151,2318,396

.230

10, 58214, 228

5,6369,504

24, 544

5,5631,8203, 743

69156

2,08793, 477

10. 9301,356

12, 887

6 96728, 328

.101

53, 2791, 055

886140, 388

.096

25 51411,2722 145

54, 5091.60

7,9747,995

4 9581,2818,402

.230

11,51512, 853

5,6579,875

26. 819

6,1632,0794,083

88176

2,280102, 080

10, 947736

12, 793

7 26431, 221

.098

55. 921818

1,673164, 134

.093

27, 39311, 7641 554

57, 8551.60

9, 0448,433

4 5931, 1548, 274

.240

11,40611, 409

5,57611, 236

27, 961

5,9162,1123,804

87168

1,72187, 528

6,5082,4304,078

109165

2,21195, 489

.........

PULP, PAPER, AND PRINTING

PULPWOOD AND WASTE PAPER

Ptilpwood:Receipts thous of cords (128 cu ft)Consumption doStocks end of month do

Waste paper:Consumption thous of short tonsStocks end of month do

WOOD PULPProduction:

Total all grades thous of short tonsdissolving and special alpha doSulfate doSulfite do

Groundwood doDefibrated or exploded doSoda, semichem., screenings, damaged, etc._do

Stocks, end of month:Total all mills do

Pulp mills doPaper and board mills doNonpaper mills do

Exports all grades total doDissolving and special alpha do4.11 other do

Imports all grades total doDissolving and special alpha doAll other do _

PAPER AND PAPER PRODUCTS

All paper and board mills, production:Paper and board total thous of short tons

Paper doPaperboard doWet-machine board doConstruction Daoer and board ..do

3,0432 9346, 120

r 785. 2429.4

1, 822. 672 1

1, 034. 3189.1

234.5102.8189.9

873.3258.9533.381.1

38.814.224.6

193.615.3

178.3

r 2 654T 1, 121r 1, 244

12276

3, 4073,3886,103

805.4436.9

2, 081. 688.4

1, 205. 4223.5

258.3104.8201.4

888.8272.0533. 882.9

41.122.019.1

199.414.9

184.5

2,9141,2531, 362

14285

2,8413, 0475,932

719.2439.9

1, 908. 284.7

1, 109. 5197.7

237.593.8

184.9

886. 8273.9528.384.6

46.917.030.0

198.312.4

185.9

2,6401,1491,237

10243

2,8392,8135,942

692.5469.8

1, 754. 377. 7

981. 6194.0

235.093.1

172.8

878.4248.8543.885.9

40.318.821.5

198.515.3

183.1

2,5131, 1251, 151

11225

3,1743J655,931

712.9463. 4

1, 961. 093.8

1,111.3207.1

265. 598.0

185.3

906.6271.1552.782.8

53.122.130.9

215.911.4

204.5

2,7071.2131,239

12243

2,9622,9425,952

745.9449.5

1, 836. 190.2

1, 044. 8184.3

243.491.8

181.5

900.4272.5548.379.6

43.022.120.8

186.112.4

173.7

2 6211,1451,222

11243

3,0403,2555,740

794.4455.8

2, 039. 694.4

1, 153. 7213.0

264.0109.0205.4

924.1298.2546.679.3

47.927.020.9

180.312.4

167.9

2,8671,2391,335

12281

2,8053,3145,205

786.8471.5

2, 060. 190.0

1,181.4210.9

267.2105.9204.7

916. 4292.4545.378.7

52.720.532.3

213.715.9

197.8

2,9581,2941,352

13299

2,9503,2854,835

783.6489.0

2, 090. 086.6

1, 207. 2207.6

271.5106.7210.2

950. 9317.9555.677.5

37.221.815.4

200.913.0

187.9

2,9251,2771,344

13291

3,1173,2864,670

793.6491.7

2, 055. 094.2

1,171.7199.5

265.5111.8212.2

932.9306.4546.380.2

55.724.031.7

214.314.0

200. 3

2,9211,2581,353

13297

3,2153, 0754,822

695.9542. 9

1,912.576.0

1,091.5182. 1

251. 3107.7203. 8

914.2288.4547.278.6

57.224.232.9

214.312.0

202.3

2,6761,1661, 203

11295

r 3, 536r 3. 424r 4, 920

796.2513.9

T 2, 129.695.0

1, 216. 0' 209. 3

270.2116.2

r 222. 8r 900. 1r 284. 1

542.673.4

57.123.333.8

189.915.4

174.6

T 2, 955r 1, 268r 1, 373

r 15-•300

3,3363,2155,048

784.5524.5

2, 001. 898.0

1, 126. 1195.2

255.3112.0215.2

868.4263. 7532. 2

72.6

76.036.439.6

191.815.9

175.9

2.8441,2151,319

12298

r Revised. *> Preliminary.




1958


berDecem-

ber

1959

Janu-ary


ber October

PULP, PAPER, AND PRINTING— Continued

PAPER AND PAPER PRODUCTS- Continued

Paper, except building paper, newsprint, and paper-board (American Paper and Pulp Association) :

Orders, new 9 thous of short tonsOrders, unfilled, end of month 9 doProduction..- __ doShipments 9 doStocks, end of month 9 do

Fine paper:Orders, new _ doOrders, unfilled, end of month doProduction. _ doShipments doStocks, end of month do

Printing paper:Orders, new . _ _ _ doOrders, unfilled, end of month doProduction doShipments _ __ _ doStocks, end of month doPrice, wholesale, book paper, "A" grade, English

finish, white, f.o.b. mill dol. per 100 l b _ _Coarse paper:

Orders new thous of short tonsOrders, unfilled, end of month doProduction __ doShipments doStocks, end of month do

Newsprint:Canada (incl. Newfoundland) :

Production doShipments from mills ._ __ doStocks at mills, end of month do

United States:Production doShipments from mills doStocks at mills, end of month do

Consumption by publisherscf __ _ doStocks at and in transit to publishers, end of

monthcf thous. of short tons..

Imports _ _ _ doPrice, rolls, contract, delivered to principal ports

dol. per short ton__Paperboard (National Paperboard Association):

Orders, new thous. of short tons__Orders, unfilled, end of month doProduction, total _ _ do

Percent of activityPaper products:

Shipping containers, corrugated and solid fiber,shipments mil SQ ft surface area

Folding paper boxes, index of physical volume:Consumption of boxboard __ 1947-49=100Shipments of boxes do

PRINTING

Book publication, total number of editionsNew books doNew editions do

805.9657.4984.6796.1504.6

108.265.5

133.2111.0116.9

320.8398.7328. 1324.3225.1

15.95

323.5139.6309.2307.296.7

490.8495.3223.3

137 2139.722.6

413.0

697.2

391.6

134. 40

1, 309. 2482.8

1, 255. 190

9,032

135.6133.1

i 1,023i 871i 152

906.2686.5

1,102.0901.1541.6

130.270.1

144.3128.7130.7

357.0414.4358.3356.0227.3

15.95

359.2152.8350.5354.8105.3

544.1555.1212.3

154.8158.718.6

470.0

655.3

439.5

134. 40

1, 400. 0427.6

1, 408. 395

9,876

139.7139.1

1,2171,007

210

852.4697. 4

1, 007. 1813.5531.6

126.673.0

133.9125.4136.0

361.8441.2325. 7326.4226.7

15.95

312.0143.1326.5309.0103.5

518.1527.7202.7

152. 6150.620.6

465.2

632.8

431.3

134. 40

1, 224. 6369.6

1, 269. 692

8,107

117.5118.3

1,3071,092

215

819.5640.3986.8797.5537.8

115.366.6

138.0118.7145.9

345. 5394.8329.0329.3226.6

15.95

298.0131.0298.0294.995.6

476.2494.3184.7

144.7148.816.5

394.3

651.7

432.1

134. 40

1, 249. 1405.3

1, 203. 081

7,967

122.7129.1

i 1, 728i 1,411

i 317

923.2601.6

1, 054. 7873. 3534.0

149.278.6

138.4141.9131.3

384.0329.3358.2353.2236.5

15.95

330.4147.5320. 6319.8101.1

491.1465.9209.9

165.7155. 127.1

394.9

651.8

341.6

134. 40

1,168.6375. 6

1, 196. 089

8,391

133.1117.5

469368101

900.0669.6

1, 000. 2836.3542.4

146.989.7

135.9137.5129.6

370.4360.8329.1326.8238.8

15.95

327.1168.1311.7316.2103.2

466.0416.2259.6

149. 6155.021.7

384.5

636.3

351.6

134. 40

1, 255. 9423.7

1,215.293

8,118

139.4117.9

1, 073873200

975.0704.6

1, 082. 1897.3540.0

158.3101.6148.0148.5129.1

418.1391.2370.6362.5246.9

15.95

332.2159. 5327.9324.997.7

511.9453. 2318.3

161.8159.224.3

457.7

578.5

410.3

134. 40

1,381.1498.7

1, 346. 293

8,982

146.7134.7

i 1, 574i 1, 334

1240

1, 009. 2761.3

1, 142. 7950.3552.7

162.2109.7152.0150.3128.2

437.8430.5383.8382.6248.0

16.28

343.5164.8352.2353.8105.7

534.6577.5275.4

161.3168.616.9

466.5

567.9

430.7

134. 40

1, 384. 2507. 4

1,351.294

9,208

138.5124.6

1,2991,022

277

934.5722.4

1, 120. 6934.4553.6

140.5102.0149.2148.9127.3

386.9407.8378.6376.4250.3

16.28

346.6161.4346.5343.2104.6

551.3589. 1237.5

172.4166.822.5

484.2

562.4

477.0

134. 40

1, 388. 8497.8

1, 388. 093

9,121

132.2123.4

1,280968312

' 939. 3r 741. 3

r 1,099. 9r 932. 5'551.2

f 146. 9103.4' 151. 1r 151.2

130.2

r 393. 8r 435. 3' 379. 2«• 381. 4r 248. 0

16.28

' 334. 2r 153. 3>• 339. 4' 335. 9' 105. 9

534.2535.6236.1

167.9161. 429.0

428.9

579.8

458.2

134. 40

1, 375. 2478.6

1, 386. 796

9,121

137.1129.8

i 1, 500i 1, 120

1380

r 900. 4' 786. 3

' 1,022. 1' 854. 5r 539. 0

r 126. 7r 101. 2'• 122. 3* 121.4

' 116. 8

' 394. 0r 475. 2' 335. 8' 358. 0r 245. 8

16.45

r 325. 9' 164. 8r 322. 8«• 320. 6r 111.5

535.8547.0224.9

149.2156.521.7

400.1

625.8

434.1

134. 40

1, 282. 4550.6

1, 209. 585

8,908

134.6121.4

1,048822226

2 853. 02 672. 02 887. 02 870. 02 491. 0

138.093.0

153.0147.0127.0

381.0419.0395.0390.0251.0

16.45

334.0160.0339. 0333.0113.0

541.5531.1235.2

173.8167.727.8

423.0

642. 8

434.4

134. 40

1, 395. 9507.4

1, 418. 796

9,486

137.2127.7

i 1, 189i 9461243

p!6. 45

532.8560.6207.5

149.2155. 621.3

449.0

660.4

462.1

p 134. 40

1, 367. 1532.0

1, 360. 193

10, 034

135.9133.1

864684180

1, 463. 5483.2

1, 479. 797

10, 584

1, 3571,148

209

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption long tonsStocks, end of month. _ . _ doImports, including latex and guavule doPrice, wholesale, smoked sheets (New York)

dol. per l b _ _Synthetic rubber:

Production _ long tonsConsumption doStocks, e n d o f month _ _ _ _ _ d oExports do

Reclaimed rubber:Production _ doConsumption. _ _ _ _ _ _ _ _ _ _ _ d oStocks, end of month do

TIRES AND TUBES

Pneumatic casings:Production thousands

Shipments, total _ _ . __ _ doOriginal equipment doReplacement equipment doExport do

Stocks, end of month doExports (Bur. of Census) do

Inner tubes:Production __ doShipments doStocks, end of month doExports (Bur. of Census) do

44, 74382, 62241, 343

.294

90, 97979, 166

182, 84013 100

22, 59621, 89926, 676

8,277

7,9121,4426, 365

105

18, 925109

3,3903,4987,657

69

48, 87577, 85945, 136

.313

100, 98188, 818

178, 53417,151

26, 52323, 70827, 340

9,344

8,4541,8386,476

140

19,91386

3,7683 5677, 869

77

43, 03174, 96941,819

.324

102, 49679, 723

183, 51117, 078

22, 39621,40127, 680

8,393

7,7883, 3694,320

100

20, 403118

3, 3192 8998,372

71

46, 89177, 80754, 492

.299

101, 65586, 189

186, 23317 177

24, 80023, 37929, 063

9 376

8.8924,0574,711

124

20, 988113

3,4913 4118 617

89

49, 91382, 48754, 950

.301

108, 50489, 636

187, 04317. 762

25, 79025, 00227, 157

10, 184

9,8062,9606,742

104

21, 399101

3,8064 8007, 536

123

47, 34579, 65748, 917

.301

102, 29787, 393

187, 18116, 143

25. 29024, 47127, 504

10, 270

8,5512,8055,611

135

23,01975

4,0944 3167, 364

69

51, 99178, 87148, 584

.315

111,37795, 089

183, 86622, 150

29, 31027, 86927, 582

11 350

10, 5573,3367,103

117

23, 86292

4, 4594 4357,629

75

41, 48378, 15744, 347

.340

108, 47779, 739

182, 93925, 990

21, 67122, 38025, 131

8,025

10, 9993,5947, 297

109

20, 872103

3,3803 9287,219

77

38, 77782, 98345, 450

.366

109, 95174, 615

191, 76327, 941

19, 40120, 49623, 554

7,796

9,7263,2916, 356

79

18, 72796

2,7523,2756,849

80

47, 78684, 72746, 048

.346

106, 71691, 695

179, 56928, 193

26, 11924, 99823, 448

10, 294

10, 2373, 3926,756

90

19, 08873

3,6833 8727,000

63

47, 54580, 05947, 527

.350

114,31693, 734

176,60426, 261

27, 86323, 94225, 949

11, 223

10, 5323, 5886,832

112

19, 87779

4,3453 9487,560

54

46, 91480, 10645, 359

.370

119, 03191, 037

183, 51623, 729

25, 27622, 91426, 165

9,683

7,9571,2496, 595

114

21, 73091

3,716r3 5837 848

67

49, 25278, 20847, 643

3.400

119, 84796, 859

178, 30630, 634

28, 12325, 13727, 384

10, 103

9,2982,3456,819

135

22, 54291

4 0653 6938 334

> i

.410

r Revised. *> Preliminary. l Data for months noted cover 5 weeks; other months, 4 weeks. 2 August data exclude estimates for tissue and miscellaneous papers. 3 September 14quotation. 9 Data exclude estimates for "tissue paper." c?1 As reported by publishers accounting for about 75.5 percent of total newsprint consumption in 1958.


S-38 SURVEY OF CURRENT BUSINESS .November 1959


1958


berDecem-

ber

1959

Janu-ary

Febru-ary March April May | June July August Septem-

ber October

STONE, CLAY, AND GLASS PRODUCTS

PORTLAND CEMENT

Production, finished cement thous. of bbL-Percent o f capacity _ _ _ _ _ _ _ _ _

Shipments, finished cement thous. of bbLStocks, end of month:

Finished doClinker do

CLAY CONSTRUCTION PRODUCTS

Shipments:Brick, unglazed (common and face)

mil. of standard brick _Structural tile, except facing thous. of short tons__Sewcr pipe and fittings, vitrified- _ ... doFacing tile (hollow), glazed and unglazed

mil. brick equivalent. _Floor and wall tile and accessories, glazed and un-

glazed mil. of sq. ftPrice index, brick (common), f.o.b. plant or N.Y. dock

1947-49=100--

GLASS AND GLASS PRODUCTS

Flat glass, mfrs.' shipments (qtrly. total)thous. of dol

Sheet (window) glass, shipments- _ _ _ _ . doPlate and other flat glass, shipments do

Glass containers:Production thous of gross

Shipments, domestic, total doGeneral -use food:

Narrow-neck food doWide-mouth food (incl. packers' tumblers, jelly

glasses, and fruit jars)-- _ thous. of gross- _

Beverage _ _ _ __doBeer bottles doLiquor and wine - -- do_ _ _Medicinal and toilet _ do. _ _Chemical household and industrial _ doDairy products _ _ do

Stocks end of month do

GYPSUM AND PRODUCTS

Crude gypsum, quarterly total:Imports thous of short tonsProduction do

Calcined production quarterly total do

Gypsum products sold or used, quarterly total:Uncalcined uses thous of short tonsIndustrial uses doBuilding uses:

Plasters:Base-coat doAll other (incl Keene's cement) do

Lath mil of sq ftWallboard -- do _All other § do

31,59798

35,031

24 44515 360

661.447.4

186.1

39.8

19.3

135.7

57, 61127, 49730, 114

12, 583

13, 314

2,369

4,271

462811

1,2902,8711,048

192

17, 971

1,0672 667

2 310

91568

377341

620 71, 399. 6

61.9

32,84798

36, 880

20 41512 494

696.754.0

190.0

43.4

21.4

135. 7

13, 217

12, 683

1,407

3, 867

664686

1, 5773,2611, 045

176

18, 176

28, 03186

24, 758

23 68612 124

580.346.5

152. 5

37.2

17.6

136.3

11,455

10, 487

927

3,224

593639

1,3122, 751

882159

18, 820

23, ,r;9070

16,817

30 80015,479

425. 837.9

118. 1

37.5

18. 5

137.1

40, 07021, 18118, 889

10, 515

10, 505

977

3,218

804867

1,0302,580

823206

18, 537

1,1962,649

2,102

1,06062

318292

542 91, 393. 0

56.2

18, 60455

14, 544

34 83820. 364

365.138.3

101.4

32.6

17.6

137.9

11,504

11,036

1,124

3,297

573693

1,1372,9521,107

153

18, 771

16, 71054

14, 943

36 68025, 183

388. 634.699.8

28.6

18.0

137.9

11,416

10, 347

1,065

3,101

549643

1,0972,7241,025

143

18, 938

24, 32972

23, 250

37 71127 662

597. 740.1

153 4

30.8

19.8

138.2

57, 26928, 43828, 831

11,518

11,929

1,208

3,375

961872

1,2473,0001,130

136

19, 341

8412 327

2,033

77470

310257

496 61, 342. 0

51.4

29, 09388

30, 423

36 37827, 544

685. 249.8

185 7

36.2

21.7

138.5

13,226

12, 384

1,240

3,271

1,1191,3281,2222,8821,178

144

19, 943

33, 42896

33, 278

36 52726 037

629. 148.0

182.0

37.6

21.5

139,1

13. 354

13, 242

1,305

3, 569

1,3781,6701,2402,8391, 101

140

19, 832

33, 455100

36. 361

33 60523 109

737.449.6

194 9

38.4

22.2

139.1

78, 10235, 18642. 916

13,713

13, 585

1.316

3.850

1,5581,4321,2972,8371, 148

147

19,774

1,7802 834

2 459

1,06175

375333

637 71, 603. 6

77.6

* 34, 18099

37, 370

30 41519 981

723 950.8

195 9

40.3

22 3

139.6

13, 757

13, 109

1,466

3,753

1,2721,3811,2912, 6731,114

159

20, 195

i

34, 800100

37,111

r 28 10°r Ig Q7g

686. 748.6

199 1

36.7

22 0

r 139. 2

14 944

19 712

2 850

5,922

1,0541,6622,2444,1841,519

277

15, 120

!32, 590

9735, 351

25 34113 42r>

139.2

11 832

12 28?1 659

3,909

5981 0151,2892, 5021,107

203

14 403

1.890

TEXTILE PRODUCTS

APPAREL

Hosiery shipments thous of dozen pairsMen's apparel, cuttingsÂ

Tailored garments:Suits -- - - -- -- thous. of unitsOvercoats and topcoats do

Coats (separate) dress and sport doTrousers (separate) dress and sport do

Shirts (woven fabrics) , dress and sportthous of doz

Work clothing:Dungarees and waistband overalls doShirts _ _ _ _ _ _ _ d o - _ _

Women's, misses', juniors' outerwear, cuttingsrACoats thous. of units_.Dressos doSuits do -

Skirts.' -do ._

14, 264

1,344444

6285,612

1,700

240328

2,36319, 118

656

1 233652

16, 001

i 1, 7901 4701 690

1 6, 490

i 2, 035

i 2901395

2,70020, 972

722

1 374743

13, 448

1,616320

7365,476

1,684

240304

2,02318, 402

796

1 055561

11,774

i 1, 680i 240

i 855i 6, 155

i 1, 705

i 1851310

1,49018, 083

763

944498

13, 593

1,612200

8846,552

1,752

224360

2,30720, 6981,610

1 280723

12, 684

1,608248

9126,456

1,740

284336

2, 27321,383

1, 505

1 307755

12,891

11,9401 3451 870

1 8, 0001 1, 860

13251350

2,09926, 343

1,042

1 412730

12, 228

1,768488

9127,992

1,812

356376

1,11728, 481

553

1 396761

10, 926

1,700524

9808,324

1,768

304340

1,14325, 470

483

1 340914

13,417

1 1, 895i 645

i 1,0901 7.5101 1,795

13101345

1, 96621, 159

779

1 260890

12, 418

1,020452

6406,656

1,520

264304

2, 34618, 040

982

1,236912

14, 242

1, 800608

9488, 000

1,804

312344

2,22319, 253

818

1,253873

14, 448

i 2, 0351630

!9S51 9, 025

i 2, 045

i 355i 300

2,22318, 760

571

1 244804

r Revised. » Preliminary. i Data cover a 5-week period.§ Comprises sheathing, formboard, and laminated board.\ Data for October and December 1958 and March, June and September 1959 cover 5-week periods arid for other months, 4 weeks.ARevisions for January 1957-July 1958 are available upon request.


November 1959 SURVEY OF CURRENT BUSINESS -39


1958


berDecem-

ber

1959

Janu-ary


ber October

TEXTILE PRODUCTS—Continued

COTTON

Cotton (exclusive of linters):Production:

G innings § thous. of running balesCrop estimate, equivalent 500-lb. bales

thous of balesConsumption! __ doStocks in the United States, end of month,

total! _ doDomestic cotton, total do

On farms and in transit doPublic storage and compresses doConsuming establishments _ _ _ do

Foreign cotton, total do

Exports! doImports _ doPrices (farm), American upland. _. cents per IbPrices, wholesale, middling 1", average 14 markets

cents per lb__Cotton linters:

Consumption^-- __thous. of bales..Production d71 - doStocks, end of month cf do

COTTON MANUFACTURES

Spindle activity (cotton system spindles) :!Active spindles, last working day, total thous

Consuming 100 percent cotton do

Spindle hours operated, all fibers, total millions..Average per working day do

Consuming 100 percent cotton doCotton yarn, natural stock, on cones or tubes:

Prices, wholesale, f.o.b. mill:20/2, carded, weaving.. dol. perlb..36/2, combed, knitting do

Cotton cloth:Cotton broadwoven goods over 12 niches in width,

production quarterly! - mil of linear ydExports _ thous. of sq ydImports! doPrices, wholesale:

Mill margins cents per IbDenim, white back, 28-inch, 8 oz/yd cents per ydPrint cloth 39-inch 68 x 72 doSheeting, class B, 40-inch, 48 x 44-48 do

MANMADE FIBERS AND MANUFACTURES

Fiber production, quarterly total 9 mil of IbFilament yarn (ravon and acetate) ._ doStaple, incl. tow (rayon) doNoncellulosic (nylon acrylic protein etc ) do

Exports: Yarns and monofilaments _ thous of lbStaple, tow, and tops do

Imports* Yarns and monofilamentsj doStaple, tow, and tops! - do

Stocks, producers', end of month:Filament yarn (rayon and acetate) mil of IbStaple, incl. tow (ravon) do

Prices, rayon (viscose) :Yarn filament 150 denier dol per IbStaple 1 5 denier do

Manmade-fiber broadwoven fabrics:Production, quarterly total 9 ! thous. of linear yd

Ravon and acetate (excl tire fabric) doNylon and chiefly nylon mixtures _ do

Exports, piece goods _thous. of sq. y d _ _

SILKImports, raw thous. of l b _ _Price, raw, AA, 20-22 denier dol. per lb_.Production, fabric qtrly total! thous of linear yd

WOOL

Wool consumption, mill (clean basis):!!Apparel class thous. of l b _ _Carpet class do

Wool imports, clean content! doApparel class (dutiable), clean content! do

2,623

T 650r 18, 384r 18 279

r 9, 658r 7 256r 1,365

r 104

21223

34.5

34.7

'8994

r676

' 19, 24417, 641

* 8, 941'447

8,190

.661

.933

2,09939, 10911, 406

22.2436.415.415.8

391.0162.081.3

121 9

4,0782,562

2644,597

60 648.3

76.31

584, 192416, 385

73, 149

11,870

2594.20

4,947

18. 07711,655

14, 8345,032

7,313

5833

17, 42017, 3195, 808

10, 2051, 305

102

18112

33.3

34.8

S104217782

19, 27917, 650

5 11, 447458

5 10, 496

.661

.931

41, 6298,078

22.16

15.415.8

3,7501,986

5878,920

59 245.1

76.31

15,914

5223.72

5 21, 173« 14, 258

23, 8335,206

10,215

673

16, 45316 3613,114

11,8611,386

92

314(6)32.4

34.8

90175827

19, 26917,611

9,180459

8,389

.661

.931

38, 72915, 004

23.3636.415.616.0

3,5652, 246

1758,089

55.642.3

.76

.31

12, 238

8483.68

17,31312, 477

21, 2217,811

1 10.919

5 727

15, 47315 3891,182

12, 7061,501

84

2981

30.3

34.4

5 107162857

19, 27617,616

5 10, 427417

5 9, 453

.661

.931

7 2, 32938, 0379,481

25.0636.416.516.3

444.2167.497.7

147 2

3,6442,687

30810, 190

51.744.7

76.31

? 625, 2037 431 335i 77, 422

11, 742

9933.62

? 6, 645

5 20, 0555 14, 489

25, 62610, 568

2 11,340

087

14, 58214 500

69912, 2751,526

82

2221

28.2

34.3

101162864

19, 28317, 636

9,352468

8,552

.661

.931

42, 4909,102

25.0136.416.516.5

3,5741, 935

4827,818

50.447.7

.76

.31

12, 794

5693.61

19, 80914, 458

31,07611,006

700

13,67313, 597

49411,5411. 562

76

2112

28.2

34.3

101131868

19, 27217, 642

9, 542477

8,743

. 666

.943

34, 09614,012

25.9736.416.517.0

2,5722,770

2859,289

48.150.9

.76

.31

10, 941

5743.88

20, 26514, 583

25,31711, 230

3 11,435

3 \\ ,5125863

12, 55012, 479

5441 0, 342

1, 59371

2843

30.1

34.4

6121128846

19, 26517, 637

5 11, 706468

5 10, 743

.676

.946

2,38241, 70413, 674

26.9136.416.517.3

458.1175.096.1

154 3

4, 2602,038

18210, 551

45.349.3

.78

.31

618, 820414, 501

79, 329

13, 677

5024.03

5,846

5 25, 4155 16, 135

35, 17313, 167

717

11,61011 547

4819, 5131,553

64

2453

31.3

34.6

10396

797

19, 55517, 945

9,567478

8,776

.672

.946

37, 98612, 320

27.1836.416.417.3

3,2552,263

44313, 517

43.849.5

.78

.32

13, 924

2484.11

23, 06913, 941

31,21811,028

702

10, 68310 625

4348,7381,453

58

2494

31.8

34.6

10252

732

19, 23817, 591

9, 592480

8,781

. 672

.946

39, 90816, 370

27.6736.416.117.3

4,2002,513

4599,030

43.945.4

.79

.32

14, 210

9544.11

22, 69912, 928

29, 31611,270

s 820

9,6869 630

3917, 9661,273

56

2362

31.5

34.5

« 11438

630

19, 2661 7, 598

511,382455

5 10, 392

.672

.934

2,38942, 90216, 600

28.2036.416.517.3

487.4190.493.8

166.2

2,6662,655

73912, 173

43.942.9

.79

.33

618, 318407, 96184, 429

14, 135

6274.13

6.449

s 27, 0205 14, 148

26, 0797, 801

151

650

8,9008 861

2207 5561, 085

39

1291

34.1

33.6

9329

548

19, 16617,501

8,817441

8,020

.676

.936

33, 05218, 307

28.7536.416 517.3

8 65.0829.6

3,8092,863

4099,696

46.245. 1

.82

.33

11,665

3174.09

20, 8929,776

20, 5697,191

1,046

712

22, 58722 48214, 1127 568

802105

9898

33.3

32.0

'10946

465

19, 25817, 613

9,715486

8,817

.676

.936

38, 20317, 244

30.3636.416.517.3

' 8 63. 1' 8 30. 7

4,8532,539

5228, 700

'44.5r 51. 8

.82

.33

13, 775

7364.12

21, 68213,612

' 18, 8377,367

4. 448

5 863

21,61521 51711, 1119 706

70098

23024

'33.1

31.8

5140160392

19, 29217, 652

511,930477

5 10, 946

p. 681p. 938

37, 08120, 349

31.41p 36. 4p 16. 5v 17.3

863.0829.1

4,4633,902

55012, 191

47.754.7

p. 82p. 33

16, 023

1,097^4.09

5 25, 5475 15, 558

25, 2127,742

9»71«

4 14 801

32.5

31.7

r Revised. P Preliminary. * Ginnings to December 13. 2 Ginnings to January 16. 3 Total ginnings of 1958 crop. 4 November 1 estimate of 1959 crop. « Data cover a 5-weekperiod. 6 Less than 500 bales. ? Data cover 14 weeks; other periods, 13 weeks. 8 Data are for month shown.

§ Total ginnings to end of month indicated, except as noted.!Data for October and December 1958 and March, June, and September 1959 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for

end of period covered.cf Data beginning October 1958 for production of linters and for that part of stocks "at oil mills" are in thousands of equivalent 600-pound bales (earlier data in thousands of running bales).

October 1958 figures comparable with data shown through September (thous. of bales): Production, 208; total stocks, 777.9 Includes data not shown separately.! Scattered revisions for January 1957-July 1958 are available upon request.


S-40 SURVEY OF CURRENT BUSINESS November


1958


berDecem-

ber

1959

Janu-ary


ber October

TEXTILE PRODUCTS—Continued

WOOL AND MANUFACTURES

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Graded territory, fine _dol. perlb_.Graded fleece, 3/8 blood do

Australian, 64s, 70s, good topmaking, in bond.._doKnitting yarn, worsted, 2/20s-50s/56s, Bradford system,

wholesale price - - - -1947-49 = 100_.Woolen and worsted woven goods, except woven felts:

Production, quarterly total thous. of lin. yd_.A.pparel fabrics total do

Other than Government orders, total do _ _Mien's and boys' do\Vomen's and children's do

Prices, wholesale, suiting, f.o.b. mill:Flannel men's and boy's 1947-49=100Gabardine women's and children's do -

1.125.875

1.175

93.5

69, 17466, 89765, 08923, 14241, 947

106.790.8

1.125.843

1.075

91.0

106.789.1

1.125.849

1.025

88.5

104.589.1

1.125.915

1.025

90.5

66, 29163, 70862, 22526, 80935, 416

104.589.1

1.088.908

1.025

90.5

104.589.1

1.075.870.975

89.3

105.690.8

1.075. 860.975

90.5

72, 46670, 37769. 41333, 15936. 254

103.790.8

1.165.962

1.035

94.8

103.790.8

1.2251.0251.075

99.8

105.490.8

1.2251.0251.075

102.2

83, 58681, 54281, 22435, 92945, 295

105.490.8

1.2851.0851.115

102.2

105.492.4

1.3251. 1151.125

106.0

105.492.4

1. 3051.0981. 135

107.2

108 192.4

1.2751 0721,125

TRANSPORTATION EQUIPMENT

AIRCRAFT

Manufacturers of complete types:Aircraft, engines, propellers, parts, etc.:

Orders new (net) quarterly total mil. of dolSales (net) quarterly total doBacklog of orders total end of quarter do

For U S military customers doCivilian aircraft:

Shipments thous. of dolAir frame weight thous. of lb__

Exports (commercial and civilian) thous of dol

MOTOR VEHICLES

Factory sales, total __number__Coaches total do

Domestic - -- doPassenger cars total do

Domestic doTrucks total do

Domestic do _ _ _

Exports total do _Passenger cars (new and used) doTrucks and buses do

Imports (cars trucks buses) totaled doPassenger cars (new and used) cf do

Production, truck trailers: AComplete trailers total do

Vans - - doTrailer chassis produced for sale separately do

Registrations: OVew passenger cars doNew commercial cars do

RAILROAD EQUIPMENT

American Railway Car Institute:Freight cars:

Shipmer ts total numberEquipment manufacturers, total do

Domestic doRailroad and private-line shops, domestic. _ do

New orders total J do _Equipment manufacturers, total do

Domestic doRailroad and private-line shops, domestic. _do

Unfilled orders, end of month, total doEquipment manufacturers total - do

Domestic doRailroad and private-line shops, domestic-_do

Passenger cars (equipment manufacturers)Shipments total do _

Domestic doUnfilled orders end of month total do

Domestic do

Association of American Railroads:Freight cars (class !):§

Number owned or leased end of month thousHeld for repairs percent of total owned

Locomotives (class I) :Diesel-electric and electric:

Owned or le'is^d end of mo No of power units

T t- n fl '' ( \ ^f"lv" total "doTT fill r\ t\ f\ f th do

Exports of locomotives, total (railroad-service and in-du^trial types) number

2,1122 799

13, 0357,130

24, 401855.2

13, 279

149, 256216212

102, 68798, 00946, 35334, 232

15, 2677,4257,842

36 17034, 592

4 4262,393

339

317, 0703 60 716

2,2961, 1531,0551,1431,6701,6281,543

4225, 524

5,2214,679

20, 303

33

5246

1 7378 4

28 18126 729

27403

80

49, 3281, 545. 6

8,064

342, 324149149

272, 241263, 49169, 93455, 865

14, 7556,5468,209

42, 25641, 245

4 8072,825

260

321, 2853 56 234

1,811759606

1,05266660660660

24, 0594,6484,259

19, 411

10104337

1 7338 2

95

34, 8811, 107. 1

9,767

605, 334167124

511,885497, 21893, 28279, 618

18, 87311,3337,540

38 91637, 569

4, 1822,443

245

334, 8763 55, 222

2,2561,319

905937

6,5254,6284,3981,897

28, 1677,9967,791

20, 171

44

4438

1 7298 4

62

2,9742,947

13, 1716,933

37, 6721, 258. 9

9,951

709, 078208165

608, 730594, 188100, 14082, 688

35, 64115, 45820, 18354 82453, 218

4 8322,888

268

511, 2843 73 891

2, 7631,5841,4421,1793,7062,0042,0041,702

27, 6598,4678,404

19, 192

82

3636

1 7268 6

28 30326 838

96561

96

49, 5901, 452. 8

12,991

635, 664169112

539, 451527, 58896, 04481, 599

24, 24811, 52012, 72855, 72854, 075

4,8832,908

330

419, 51261, 776

1,9721,014

982958

4,3281,3901,0692,938

29, 8228,8008,448

21,022

00

3636

1 7248 9

59

49, 8051, 440. 0

4,213

577, 093143141

476, 977466, 564

99, 97383, 775

21,31910, 70010,61950, 91649, 167

4,8272, 684

435

423, 79364, 688

2, 5061,6771,657

8291,9221,4111,292

51129, 2408,5368,085

20, 704

00

7272

1 7229.2

33

2,0922,558

12, 7056,575

34, 0141, 185. 7

4,168

686, 612245200

575, 012563, 849111,35593, 060

31,45210, 75820, 69458, 20756, 474

5,5032.916

558

496, 71777, 593

2,8081,7771,7661,031

10, 7927,3677, 3673,425

35, 92714, 12913, 68921, 798

00

132132

1,7178.8

28, 39526 822

204589

42

68, 1421, 849. 5

8,576

702, 952253251

585, 789575, 268116,91098, 906

26, 58611,97114,61560, 56757, 898

6,2183,271

417

573, 77791 , 805

3,7412,3342,3341,4073,7773,2403,199

53735, 96915, 04114, 55120, 928

00

132132

1,7078.3

26

81, 2122, 091. 8

2,778

660, 278282235

545, 001535, 195114, 99595, 561

26, 21110, 74615, 46569, 01966, 765

6,1413,227

280

582, 26686, 566

3, 4682,3732,2631,0955,2033,4153,4151,788

37, 24916, 12815, 74821, 121

00

132132

1,7038.1

19

3,0062,824

12, 8876,364

65, 0981, 804. 7

5,162

674, 689267242

554, 878545, 660119, 544100, 462

27, 0788,497

18, 58164, 83262, 860

6,6173,863

289

584, 81686, 914

4,2193,1962,9271,0238,0447,2287,228

81641, 08420, 17020, 05920, 914

00

157157

1,7027.9

28, 61527,211

298413

13

88, 4442, 160. 0

20, 467

663, 444233209

548, 524541, 458114,68792, 186

22, 1547,467

14, 68768, 64766, 516

5,8263,439

243

564, 985r 88, 949

4,3343, 1973,1361,1374,1592,5192,5191,640

40, 35919, 44219, 39220, 917

00

157157

1,7018.1

29

95, 2802, 286. 9

14, 414

316,0608258

255, 831252, 556

r 60, 147r 47, 959

16, 9295, 160

11, 76950, 18149, 120

5,5393, 354

214

532, 27988, 137

4,8903,6293,6291,2611,7531,7531,753

037. 20217, 54617, 51619, 656

44

153153

1,7028.4

8

75, 9501, 772. 1

13, 897

309, 117134134

229, 410220, 621

79, 57364, 568

16, 8606,359

10, 50155, 22153, 331

5, 9953.772

298

457, 28578, 784

2,4911,4911,4811,000'943'941••941

2

35, 64616, 98816, 96818, 658

55

198198

1,6958.5

2S. 70627,019

206229

15

*2 601, 500P2270

p2 508, 400

P292, 900

2,1471,3051,305

8422.7222,7222,722

036, 21918. 40318, 38317,816

1111

187187

r Revised. * Preliminary. 1 Data cover 14 weeks; for other periods, 13 weeks.cTData cover complete units, chassis, and bodies.ARevisions for 1957 are available upon request.OData beginning January 1959 include new registrations in Alaska.^Scattered revisions back'to 1955 are available upon request.§ Excludes railroad-owned private refrigerator cars.

2 Preliminary estimate of production. 3 Excludes registrations for Oregon; data to be revised later.


INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40Pages m

Sections, by general subject:General business indicators.Commodity pricesConstruction and real estateDomestic tradeEmployment and populationFinanceInternational transactions of the U.STransportation and communicationsChemicals and allied products . _ .Electric power and gasFood and kindred products; tobaccoLeather and productsLumber and manufacturesMetals and manufacturesPetroleum, coal, and products.Pulp, paper, and printingRubber and rubber productsStone, clay, and glass productsTextile productsTransportation equipment

larked S

1-56, 77, 8

9-1111-1516-2021, 2223, 2424, 2525, 2626-3030,31

3132-3435, 3636,37

3738

38-4040

Expenditures, U.S. Government,Explosives _

Advertising 9Agricultural employment 11Agricultural loans and foreign trade 16, 21, 22Aircraft and parts 2, 12, 13, 14, 40Airline operations 23Alcohol, denatured and ethyl 24Alcoholic beverages 3, 7, 9, 26Aluminum 33Apparel 3, 6, 7, 9, 10, 12, 13, 14, 15, 38Asphalt and asphalt and tar products 35, 36Automobiles 2, 3, 9, 12, 13, 14, 15, 17, 22, 40

Bakery products 3, 12, 13, 14Balance of payments 21Banking 14, 16Barley 27Barrels and drums 32Battery shipments 34Beef and veaL 28Beverages 3, 4, 7, 9, 12, 13, 14, 15, 26Blast furnaces, steel works, etc 12, 13, 14Blowers and fans 34Bonds, outstanding, issued, prices, sales,

yields 17, 19, 20Book publication 37Brass and bronze _ 33Brick . 38Brokers' loans and balances 16, 19Building and construction materials 8, 9, 10, 36Building costs 8Business incorporations (new), failures 5Business sales and inventories 4Butter 27

Cans (metal), closures, crowns 32Carloadings 23Cattle and calves 28Cement and concrete products 7,8, 38Cereal and bakery products 6, 12,13, 14Chain-store sales, firms with 4 or more and 11

or more stores 10Cheese 27Chemicals 3, 4, 5, 6, 12, 13, 14, 15, 19, 22, 24Cigarettes and cigars 7, 30Civilian employees, Federal 12Clay products 7, 38Coal 3, 4, 6, 11, 13, 14, 15, 22, 23, 35Cocoa.. ._ 22, 28Coffee-, 22, 29Coke 23,35Communications 12, 13, 14, 15, 19, 20, 24Confectionery, sales 29Construction:

Contract awards 8Costs 8Dwelling units 7, 8Employment, hours, earnings, wage rates___ 12,

13, 14, 15Highways and roads 7, 8, 15New construction, dollar value 1, 7

Consumer credit 17Consumer durables output, index 3Consumer expenditures 1,9Consumer price index 6Copper 22,33Corn 27Cost of living (see Consumer price index) 6Cotton, raw and manufactures 3, 6, 7, 22, 39Cottonseed, cake and meal, oil 30Credit, short- and intermediate-term 17Crops 2, 6, 27, 30, 39Crude oil and natural gas 3, 11, 13, 14, 15, 35Currency in circulation 18

Dairy products 2, 6, 26Debits, bank 16Debt, U.S. Government 17Department stores 10, 11, 17Deposits, bank 16, 18Disputes, industrial 15Distilled spirits 27Dividend payments, rates, and yields 2, 19, 20Drug-store sales 10Dwelling units, new 7, 8

Earnings, weekly and hourly 14, 15Eating and drinking places. . 10Eggs and poultry 2, 6, 28Electric power 6, 26Electrical machinery and equipment 2,

3, 4, 5, 7, 12, 13, 14, 19, 22, 34Employment estimates and indexes 11,12Employment Service activities 15Engineering construction 8

Exports (see also individual commodities),.Express operations ,

Pages marked S- 17

2521, 22

23Failures, industrial and commercial _ „ _ 5Farm income, marketings, and prices 1» 2, 6Farm wages _ 15Fats and oils, greases _ 6, 29, 30Federal Government finance 17Federal Reserve banks, condition of 16Federal Reserve reporting member banks, „ _ 16Fertilizers. _ „ . . _ _ _ _ _ . „ 6, 25Fire losses . _ _ , , 8Fish oils and fish 29Flaxseed ... . 30Flooring, hardwood 31Flour, wheat _ _ „ . . „ . 28Food products 3, 4,

5, 6, 9, 10, 12, 13, 14, 15, 18, 22, 27, 28, 29, 30Foreclosures, real estate-..-.. 8Foreign trade 21, 22Foundry equipment 34Freight carloadings 23Freight cars (equipment) 40Fruits and vegetables 6, 22, 27Fuel oil . .. _._ 35, 36Fuels _ _ _ _ . . . 6,35,36Furnaces _ 34Furniture . 2, 3, 4, 6, 9, 10, 12, 13, 14, 17Furs .... . _ _ , . - _ _ 22Gas, prices, customers, sales, revenues 6, 26, 27Gasoline 9,35,36Glass and products . 38Generators and motors ^, - -, _ • 34Glycerin _ _ _ . . 24Gold _.,.. 18, 21Grains and products 6, 22, 23, 27, 28Grocery stores „ „ , _ _ _ „ _ - , 10Gross national product 1Gross private domestic investment- 1Gypsum and products _ , . _ . „ 7, 38Hardware stores. „ . _ . „ 9, 10Heating apparatus _ ~. 7, 34Hides and skins . . 7, 22, 30Highways and roads - 7, 8, 15Hogs 28Home Loan banks, loans outstanding 8Home mortgages 8Hosiery „ . _.. „ 38Hotels . 12, 13, 14, 15, 24Hours of work per week_.___. „.„ 13Housefurnishings , _ _ _ , 6, 9, 10Household appliances and radios„ 3, 6, 9, 10, 34Imports (see also individual commodities),..- 21, 22Income, personal 1Income and employment tax receipts „........ 17Industrial production indexes 2,3Installment credit 17Installment sales, department stores . 11Instruments and related products _ _ _ 2, 3, 12, 13, 14Insulating materials. 34Insurance, life . „ 17. 18Interest and money rates 16Inventories, manufacturers' and trade , _ _ 4, 10, 11Iron and steel, crude and manufactures 2,

4, 5, 7, 8, 12, 14, 19, 22, 32, 33Kerosene _„._„.,. .... 35, 36Labor disputes, turnover-Labor forceLamb and mutton .LardLeadLeather and products 3, 7, 12, 13, 14, 15,Linseed oil —Livestock 2, 6,Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 8, 16,Locomotives .Lubricants „Lumber and products

3, 4, 5, 7, 8, 9, 10, 12, 13, 14,Machine tools. _ .Machinery 2, 3, 4, 5, 7, 12, 13, 14, 19,Mail-order sales, catalogManmade fibers and manufactures ,Manufacturers' sales, inventories, ordersManufacturing employment, production work-

ers, payrolls, hours, earnings 11, 12, 13,Manufacturing production indexesMargarineMeats and meat packing-____, 2, 3, 6, 12, 13,Medical and personal careMetals 2, 3, 4, 5, 7, 11, 12, 13, 14, 15, 19,MilkMining and minerals., 2, 3, 11, 12, 13, 14, 15,Monetary statistics.Money supply.Mortgage loans... 8,Motor carriersMotor vehicles- 4, 5, 7, 9, 10, 12, 13, 14, 15,Motors, electricalNational income and productNational parks, visitsNational security expenditures..NewsprintNew York Stock Exchange, selected dataNonferrous metals.--. 2,7, 19,Noninstallment credit. , „

1511282833

30,3130

23, 28

17, 1940

35,362,

18, 3134

22, 3410

7, 394, 5

14, 152, 3

2914, 28

632,33

2719, 20

1818

16, 1823

19, 40341

241, 17

22, 3719, 2022, 33

17Oats ..._......_..... , „__ 27Oil burners 34Oils and fats, greases. 6, 29, 30Orders, new and unfilled, manufacturers'. 5Ordnance. _ . _ _ _ 12, 13, 14

Pages marked SPaint and paint materials,, 6, 25Panama Canal traffic 23Paper and products and pulp ; 3,

4, 5, 7, 12, 13, 14, 15, 18, 22, 36, 37Parity ratio. • 6Passports issued. .-„ _ , 24Payrolls, indexes 13Personal consumption expenditures. . 1,9Personal income 1,2Personal saving and disposable income 1Petroleum and products 3,

4, 5, 6, 12, 13, 14, 15, 19, 22, 35, 36Pig iron...... ... 32Plant and equipment expenditures 2,19Plastics and resin materials. 25Plywood, hardwood 31Population . _ 11Pork 28Postal savings. 16Poultry and eggs. _ . 2, 6, 28Prices (see also individual commodities):

Consumer price index 6Received and paid by farmers 6Wholesale price indexes _ _ 6

Printing and publishing- _ 3, 12, 13, 14, 15, 37Profits, .corporate'.-__._. 1, 18, 19Public utilities 2, 6, 7, 12, 13, 14, 15, 19, 20, 26Pullman Company 24Pulp and pulpwood 36Pumps ._ _ 34Purchasing power of the dollar 7

Radiators and cpnvectors.... - 34Radio and television . 3, 6, 9, 34Railroads 2, 12, 15, 19, 20, 23, 40Railways (local) and bus lines 12, 13, 14, 15, 23Rayon and acetate 39Real estate 8, 16Receipts, U.S. Government 17Recreation 6Refrigeration appliances, output 34Rents (housing) 6, 9Retail trade, all retail stores, firms with 4 or

more and 11 or more stores, general merchan-dise, department stores. 4, 5, 9,10,11,13,14,15,17

Rice 27Roofing and siding, asphalt 36Rubber and products. 3, 4, 5, 7, 12, 13, 14, 15, 22, 37Rye ... _. __ 27

Saving, personal _ „ _ „ ,. 1Savings deposits.™, . 16Securities issued. „ ,_ _ _ 19Services.... 1, 9, 12, 13, 14Sheep and lambs 28Ship and boat building . 12, 13, 14Shoes and other footwear 7, 9, 10, 31Silk, prices, imports, production.__ 7, 39Silver 18Soybeans and soybean oil 30Spindle activity, cotton 39Steel ingots and steel manufactures (see also

Iron and steel).. 2, 32, 33Steel scrap 32Stocks, department stores . 11Stocks, dividends, prices, yields, earnings,

sales, listings 20Stone, clay, and glass products 2,

3, 4, 5, 12, 13, 14, 19, 38Stoves and ranges 34Sugar.,.._ , _ 22, 29Sulfur 25Sulfuric acid-__™ . 24Superphosphate. .. . 25

Tea imports 29Telephone, telegraph, cable, and radio-tele-

graph carriers 12, 13, 14, 15, 20, 24Television and radio 3, 6, 9, 34Textiles and products 3,

4, 5, 7, 12, 13, 14, 15, 18, 22, 38, 39, 40Tin 22, 33Tires and inner tubes 7, 9, 10, 37Tobacco and manufactures 3,

4, 5, 6, 7, 8, 12, 13, 14, 15, 22, 30Tools, machine. . 34Tractors 22, 34Trade, retail and wholesale 4,

5, 9, 10, 11, 12, 13, 14, 15, 17, 20Transit lines, local 23Transportation and transportation equip-

ment- 2, 3,4, 5, 6, 9, 12,13,14, 15,19, 22, 23, 24, 40Travel 24Truck trailers „ 40Trucks . 2, 34, 40

Unemployment and compensation 11,15U.S. Government bonds 16, 17, 19, 20U.S. Government finance 17Utilities..... . 2, 6, 7, 12, 13, 14, 15, 19, 20, 26

Vacuum cleaners . 34Variety stores . 10Vegetable oils 29, 30Vegetables and fruits 6, 22, 27Vessels cleared in foreign trade 23Veterans* benefits 15, 17

Wages and salaries. 1, 2, 13, 14, 15Washers . 34Water heaters 34Wheat and wheat flour- . 27, 28Wholesale price indexes.,. _. 6, 7Wholesale trade 4, 5, 11, 12, 13, 14, 15Wood pulp 36Wool and wool manufactures — 3, 6, 7, 22, 39, 40

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BUSINESS STATISTICS1959 edition

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the new 1959 biennial edition provides historical data for

each of some 2,600 economic indicators,

Monthly or quarterly data are shown from January 1955

through December 1958 and annual averages from 1958

back through 1929. Explanatory notes for each series

refer to the source of data, define the statistical units

employed, and indicate the method of compilation or deri-

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