Survey of Current Business October 1962SURVEY OF CURRENT BUSINESS October 190: above the second quarter. Durable goods sales other than automobiles— mainly furniture and appliances

OCTOBER 1962

survey of

CURRENTBUSINESS

U.S. DEPARTMENT OF COMMERCE

OFFICE OF BUSINESS ECONOMICS

SURVEY OF CURRENT BUSINESS

OCTOBER 1962 VOL. 42, NO. 10

ContentsTHE BUSINESS SITUATION

Summary ,September Business Rises Seasonally—Consumer Buying Moves at GoodPace, Despite Reduced Auto Purchases—Industrial Production Un-changed—Steel Output Advances

ARTICLE

GNP BY MAJOR INDUSTRIES

Comparative Patterns of Postwar GrowthIndustry Composition of Real GNP Changes Little Since 1947—Cyclical Sensitivity Marked in Goods Production and Distribution-Unit Costs Increase Faster Than Prices—Concepts and MethodsPresented

REVISED STATISTICAL SERIES

PAGE

1

Building Cost Indexes (EN-R).

Consumer Prices

Wholesale Prices

18

19

20

CURRENT BUSINESS STATISTICSGeneral S1-S24

Industry S24-S40

Subject Index Inside Back Cover

U.S. Department of CommerceLuther H. Hodges

Secretary

Office of Business Economics

M. Joseph MeehanDirector

Louis J. ParadisoManaging Director

Murray F. FossEditor

K. Celeste StokeaStatistics Editor

Billy Jo DawkiiGraphics

STAFF CONTRIBUTORSTO THIS ISSUE

Business Review:Francis L. Hirt

Article:Martin L. Marimont

George R. KruerVesta C. Jones

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&By the Office of Business Economics

uaiion

SEPTEMBER business rose by aboutthe usual seasonal amount. Personalincome held at the August rate, afterseasonal adjustment while industrialproduction and nonfarm employmentwere unchanged again for the secondsuccessive month. On the basis of theadvance report, retail sales were alittle lower. Purchases of automobileshave edged down since July, but this

CONSUMER INCOME AND SPENDING

Total Expenditures Have Risen in Line With

Income in the Past Year

Billion $ (ratio scale)

500

400

Personal Income

(Monthly)

Disposable PersonalIncome \

(Quarterly)

300*̂"" I ™

Personal ConsumptionExpenditures(Quarterly)

250 I I I I I I I I I I I I I I I I II I II I I I ! I I I I I I I I Hi

1960 1961 1962Seasonally Adjusted, at Annual Rates

U.S. Department of Commerce, Office of Business Economics 62-10-1

is not necessarily indicative of a flag-ging consumer demand since the recentmodel changeover has limited supplies.Otherwise consumer buying has beenmoving at a good pace.

Preliminary estimates of third quarterGNP indicate a seasonally adjusted an-nual total of $556 billion, up some $4 bil-lion over the second quarter and $34 bil-lion over the third quarter of 1961.Final sales to consumers, business andgovernment all increased, with the over-all advance less than that which tookplace from the first to the secondquarter. A lower rate of inventoryaccumulation offset part of the thirdquarter gain in final sales. Final figureson third quarter GNP will appear inthe regular review scheduled for theNovember Survey.

Income and purchasing

Personal income rose about seasonallyfrom August to September. The sea-sonally adjusted total of $443 billionwas $23 billion above September of lastyear. There was a net decline inpayrolls, centered largely in manufac-turing, and also a reduction in militarypayrolls, as the demobilization of mili-tary reserves continued. These cut-backs were approximately offset byhigher government civilian payrolls andnon-payroll income, chiefly dividends,interest and transfer payments.

For the second successive month salesat retail stores declined after seasonaladjustment under the influence of re-duced purchasing of automobiles, whichwas due to the model-year switchover.The advance report on trade placedSeptember sales a little lower thanAugust and two percent below July.

If sales of automobile dealers areexcluded retail sales show a morefavorable picture in recent months.Department store sales last monthregistered a good increase. While non-

durable goods sales as a whole wereunchanged in September, they werehigher than in July and for the thirdquarter averaged about 1% percent

TYPES OF CONSUMER SPENDING

By Major Groups

NONDURABLES: Have Risen Steadily This Year

Except for June

SERVICES: Continue Postwar Rise, but a Slower

Rate

Billion $ (ratio scale)

250

200Total Retail Sales

Retail Sales of Nondurables

150

125 I i i i M I i i i i i

Services-GNP Basis(Quarterly)

DURABLES: Model Change Affected LateSummer Purchases of Autos

50

45

40

35

30

25 L

RETAIL SALES OF DURABLES

Durables, Excl. Autos

1960 1961 1962

Monthly, Seasonally Adjusted, at Annual Rates

Date: Census & QBE

U.S. Department of Commerce. Office of Business Economics 62-10-2

SURVEY OF CURRENT BUSINESS October 190:

above the second quarter. Durablegoods sales other than automobiles—mainly furniture and appliances andlumber and hardware—have notchanged much in the past two monthswith a sales rate about 2/2 percent abovethe second quarter average.

With the changeover in assemblyplants auto sales in September wereat their lowest volume, after seasonaladjustment, so far in 1962; sales ofautomotive dealers in the third quarterwere some 4 percent below the averageof the previous three months. Stocksof the 1962 models, however, have beenquite low relative to demand, and witha good year behind them dealers havenot been disposed to cut prices furtheras an inducement to consumers.

Auto output is high

The 1963 models did not go on saleuntil very late in September; reportsfor the early part of October suggestthat sales of the new cars have beengood. Meanwhile automobile assem-blies increased sharply during Sep-tember, moving up from 65,000 in thefirst week to 147,000 in the final week.Output for the first week in Octobertotaled more than 150,000, equal to theMay average, which was the highmark this year. Thus the automobileindustry is again in the position of pro-viding some stimulus to the economy.

Slotving of income rise

Since the low point in business activ-ity at the beginning of 1961, personalincome has risen by $40 billion, or about10 percent, The rise was more sub-stantial last year, as recovery from thecyclical low progressed, averaging ap-proximately $2.3 billion per month. Inthe early months of this year, the ad-vance in income was quite general—with most of the broad income groupscontributing to the rise. Since April,income flows have been more mixed.

The principal change has been in fac-tory wages and salaries. Prior to Aprila general expansion in manufacturingemployment and an increase in theworkweek had brought a strong risein factory payrolls. With employmentedging down after June and with a gen-erally lower workweek this spring andsummer, factory payrolls leveled offafter April and have moved a bit lowerin the past 2 months.

As shown in the accompanying tablethe advance in payrolls of distributiveindustries has slackened in the past fewmonths. Government payrolls havecontinued upward at a rate which isonly moderately below the increase inthe spring months, with State and localunits accounting for most of the rise.The demobilization of military reserveunits called into service late last }Tearhas dampened the increase in Govern-

Tahle 1.—Personal income, December 1960—September 1962: Changes within quarters

[Billions of dollars—seasonally adjusted at annual rate]

Personal income

Wage and salary disbursements

Commodity-producing industriesManufacturing only. _ _ . ...

Distributive indust ries

Service industries

Government

Other than wage and salary disbursements. _ .

Proprietors' income:Business and professionalFarm

Rental and personal interest income

Dividends

Transfer payments

Old-age and survivors' insurance benefitsUnemployment income benefits . .-

I

5.9

2,5

. 82

.0

.9

. 8

3.4

2. 1

. 0

.4

2 8

. 6

.0

19

11

7. 9

7.4

4.23.8

1.3

1.0

9

.5

9— . 1

8

0

— 9

.0

. 4

51

III IV

'3. 3 ' 10. 8

1. 9 6. 9

- . 1 3. 5- .3 3.7

.0 1.1

.2 1 1

1 2 1 3

1. 4 3. 9

5 > 1 03 l 4

.6 8

1 9

— 2 ! 9

.6 ; .3- .7 : 1.0

1962

I II

4. 7 5. 5

3.9 4.7

1.2 : 2.01.3 1.7

.9 .8

. 4 1 2

1 4 6

.8 .8

2 4— 6 — 1

8 7

0 — 1

^ i ^

.4 .6-l.o - .9

III

2.3

.6

- .6Q

.4

. 5

4

1.7

1.0

7

1

6

. 1

.1

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

meat payrolls very recently. The ris<in service industries has been extendecwith some apparent slackening, however, from the second to the third quar-ter.

Income flows other than payrolls haveshown a further expansion in recentmonths, but the changes have beenrather varied. Dividends appear tohave leveled off this year, after havingshown a long period of expansion.Farm proprietors7 incomes—thoughvarying from month to month—havebeen essentially stable this year follow-ing an increase in 1961. Interest andrental income has continued upward inrecent months, extending a long seculartrend.

Transfer payments were higher inthe third quarter following a decreasefrom the previous three months. Partof the spring and early summer slacken-ing was attributable to a reduction inunemployment payments. The latterhad declined through the summermonths, but in the most recent monthsthese have been a little higher. OASIpayments have been little changed inthe past few months.

Employment up

Total nonfarm establishment em-ployment rose by the usual seasonalamount from August to September.Manufacturing employment edgeddownward for the third successivemonth and there were small seasonallyadjusted decreases in construction andtrade. State and local government em-ployment registered a good-sized ad-vance.

In manufacturing, automobile em-ployment picked up sharply from theabnormally low level of the month he-fore but there were small reductions inprimary metals, machinery and severalof the nondurable goods industries.

Hours of work in manufacturing rosemore than seasonally in September,with increases in both durables and non-durables. The improvement repre-sented a reversal of movement in theprevious four months.

Unemployment was unchanged on aseasonally adjusted basis from Augustto September, remaining at 5.8 percentof the civilian labor force. In earliermonths this year the unemploymentrate had been drifting downward, reach-

October 1962 SURVEY OF CURRENT BUSINESS

ing <i low point of 5.3 percent in July.Except for the last two months of 1961the unemployment rate last year wasclose to 7 percent.

On an adjusted basis there was somedecline in the unemployment rate ofadult males from August to September.The August figure was affected by themodel changeover in the auto industry,

although the lower September rate wasnot much different from the average sofar in 1962. In the third quarter ofthis year the adjusted unemploymentrate for this group has averaged about4.7 percent, roughly the same as theaverage in the summers of 1959 and1960 but below the 6 percent rate of ayear as;o.

Primary Metal Output and Consumption

STEEL output in September averagedabout 1.7 million ingot tons per week,a better-than-seasonal rise for the sec-ond month in a row. In the first weekof October, production totaled 1,750thousand tons of crude steel, a rateequivalent to about 57 percent of anindicated 160 million ton capacity asof midyear; in July the operating ratewas 45 percent.

The summer increases in steel out-put have taken place in good part inresponse to a continued rise in neworders received by steel mills. InAugust these were more than 50 per-cent above the depressed rate thatprevailed last spring. The pickup inordering is a reflection of the fact thatthe steel inventory adjustment by steelusers had largely run its course byOctober. According to the new CensusBureau survey of steel inventories andconsumption of manufacturers, steelstocks fell again in August to a pointsome 2 million tons below the Aprilhigh mark. Although stocks are largerthan they were late last year—just be-fore the large steel buying wave—con-sumption has also risen since then. Onthe basis of nonseasonally adjusteddata the stock-consumption ratio ofmanufacturers in August was 2.4 asagainst 2.2 last November and Decem-ber and 2.8 in April.

A somewhat similar picture is appar-ent from an examination of the bookvalue of purchased materials invento-ries of metal fabricating companies(machinery, transportation equipmentand fabricated metals) in relation tosales. These data embrace more thanthe steel mill shapes and forms, towhich thedata refer.

above-mentioned tonnage

By the end of August purchased ma-terials inventories had been reduced bynearly $200 million, or about half thedollar increase that occurred in the firstfour months of the year. The decline

in the value of steel stocks since April(obtained by multiplying the tonnagereduction by $175 per ton, the approxi-mate cost of a ton of finished steel) hasbeen larger than the drop in the valueof purchased materials, so that there isa suggestion that there has been someaccumulation of materials other thansteel mill shapes and forms. The sea-sonally adjusted stock-sales ratio at theend of August was 0.44 as against therecent high of 0.46 in April and 0.44 atthe end of 1961.

Long-term decline in inventory ratio

A feature of the chart is the unmis-takable downward drift in the stock-sales ratio. In 1957 this ratio was inthe neighborhood of 0.56; in 1955 and1956 the corresponding figures ranged

METAL WORKING INDUSTRIES• Sates So Far This Year in Generally Rising Phase• Working Stocks Falling After Earlier Rise and Continue Low Relative to Sales

Billion $

12

10 Sales

Inventories of Purchased Materials

Ratio

.80

.60

.40

.20

Ratio of Inventories of Purchased Materials to Sales

1957 1958 1959 1960Seasonally Adjusted

1961 1962


SURVEY OF CURRENT BUSINESS October 11X

between 0.51 and 0.59. This basicconservatism regarding purchased ma-terials stocks of metal fabricators re-flects the fundamental changes thathave occurred in the durable goodssector of the economy since the mid-I950's. With capacity above require-ments and with the growth of foreignsources of supply in recent years, de-liveries can be made promptly. More-over, with prices stable to slightlylower, another motive for holding largestocks has been considerably lessened.Under today's less-than-buoyant de-mand conditions more economical man-agement of inventories through moderncontrol methods is also a factor in thelowered ratio.

Expansion in aluminum

In the nonferrous metals group—aluminum, copper, lead, and zinc—sup-plies and consumption in the aggregatewere at record rates during the firsthalf of 1962, with higher net importscontributing to the expansion in overallsupplies. In the more recent period,however, most major producers outsidethe aluminum industry announced pro-duction cutbacks to limit inventoryaccumulation. High production andrising stocks, coupled with intense com-petition in both domestic and foreignmarkets, have put pressure on freeworld market prices of most metals.

Reflecting strong demand and ex-panding markets, primary aluminumproducers stepped up operations gradu-ally during the first half of this year,with the operating rate moving up from80 percent of installed capacity in Jan-uary to 87 percent in June, a rate ap-proximately maintained in July, butreduced in August by a work stoppage.Last year, the July—August rate wasaround 80 percent of capacity. For thefirst 8 months of 1962, output was 12percent above the January-August1961 total and 5 percent above themonthly average for all of 1960, the topproduction year. Of all the majormetals, aluminum is the only one toshow a substantial expansion in con-

sumption since the high years of1955-57.

Product shipments of aluminum inthe form of mill shapes and castings in-creased at an even faster rate and ex-ceeded production by a wide margin.In addition, primary aluminum inven-tories at producers' plants were thelowest since the early months of 1960.Trade sources report that much of theincrease in aluminum consumption thisyear can be traced to the expanded ac-tivities of the building-construction andtransportation equipment industries,including motor vehicles. These twoindustries are the largest consumers ofaluminum and together accounted foralmost half of the aluminum shipped tomarkets in 1961.

Copper, lead, and zinc productionreduced

In copper, most major producersannounced production cutbacks, rang-ing from 5 to 10 percent, during thethird quarter following a record turnoutin the first half of 1962. July outputwas sharply below the June pace and

August fell further to the lowest pointhis year. Aside from the plannecutbacks, the full effects of which arnot expected to show up until thfourth quarter, mining and smeltin;activity was further reduced by thusual summer slowdown for vacationand by the indirect effects of a strikwhich began early in July and continued through most of SeptemberDespite the curtailment, production iiJuly and August was still above th(monthly average for 1961.

Deliveries of refined copper to consuming markets fell even faster thaioutput, so that stocks, which hacchanged little throughout the first halfrose to the highest total since the fallof 1960. Free world stocks outside theUnited States also expanded notwith-standing the output curtailments.

Production and consumption move-ments for lead and zinc so far this yeaiwere much like those experienced forcopper. In general, use of these twometals has remained below the 1955-57monthly average.

National Income and Corporate Profits

GENERAL business activity, as meas-ured by the national income, continuedupward in the third quarter. Thenational income had reached a record$457 billion at a seasonally adjustedannual rate in the second quarter, anincrease of $8 billion over the firstquarter rate, and it appears that thethird quarter total will be higher. Thetables on the facing page presentnational income details for recentperiods and table 2 shows third quarterestimates for all components exceptcorporate profits. Second quarter de-velopments in corporate profits were

highlighted in the September Survey;third-period results will not be availableuntil the end of the year.

In the national income estimates for1962 no allowance has yet been madefor the effect on corporate profits of theliberalized depreciation procedures is-sued by the Treasury Department inJuly. Revised totals which will takeinto account the resultant increase indepreciation write-offs will be pub-lished when sufficient data becomeavailable to appraise the impact on thenational income accounts.

3ctober 1062 SURVEY OF CURRENT BUSINESS

Table 2.—National Income by Type of Income (1-8, 1-9)

[Billions of dollars]

National income _

Compensation of employees

Wages and salaries-.PrivateMilitaryGovernment civilian

Supplements to wages and salaries,..Employer contributions for so-

cial insuranceOther labor income

Employer contributions toprivate pension and welfarefunds _ _

Other . _ _

Proprietors' income _ __

Business and professionalIncome of unincorporated enter-

prisesInventory valuation adjustment.

Farm

Rental income of persons

Corporate profits and inventory valua-tion adjustment

Profits before taxProfits tax liability.Profits after tax

DividendsUndistributed profits

Inventory valuation adjustment

Net interest

1959

400.5

278.5

258. 5213.1

9.935.420.1

9.710.4

8.22.2

46.5

35.1

35.2-. 111.4

11.9

47.2

47.723.224.513.710.8

16.4

1960

415.5

293.7

271.3222.9

9.938.522.4

11.411.0

8.62.4

46.2

34.2

34.2-.012.0

11.9

45.6

45.422.423.014.48.6

.2

18.0

1961

427.8

302.2

278.8227.0

10.241.623.4

12.011.4

9.02.4

47.8

34.8

34.7.0

13.1

12.3

45.5

45.622.323.315.08.3

-.0

20.0

1961

II III IV I

1962

II III

Seasonally adjusted at annualrates

424.3

300.2

276.9225.810.041.223.2

11.911.3

47.2

34.5

12.7

12.2

45.0

44.821.922.914.88.1

.2

19.8

431.3

304.5

281.0228.810.042.223.5

12.111.4

48.1

35.1

13.1

12.3

46.0

46.322.623.714.98.7

-.3

20.3

444.0

309.9

286.1232.510.842.823.8

12.211.6

49.5

36.0

13.6

12.5

51.1

51.425.126.315.510.8

-.3

21.0

448.9

315.2

289.9235. 011.243.725.2

13.312.0

49.1

36.2

12.9

12.6

50.4

50.124.425.615.89.9

.3

21.5

456.7

321.7

295.9240.111.244.625.8

13.412.3

49.5

36.8

12.8

12.8

50.7

50.924.926.115.810.3

-.2

22.0

323.8

297.8241.410.945.525.9

13.512.4

49.7

37.0

12.8

12.9

~15.~8

22.5

Table 4.—National Income by Corporate and Noncorporate Formof Organization (1-14)


Table 3.—National Income by Industry Division (1-11)


All industries, total

Agriculture, forestry, and fisheries

ManufacturingDurable-goods industriesNondurable-goods industries

Wholesale and retail trade

Finance, insurance, and real estate

Transportation

Communications and public utilities. _

Services . ._ - _ .

Government and government enter-prises

Other

1959

400.5

16.3

119.971 748.2

66.6

40.4

17.7

15. 6

46. 0

49.0

29 0

1960

415.5

17.3

122.072 649.4

68.0

42.5

17.9

16.7

49.2

52.5

29 4

1961

427.8

18.5

121.771.450.3

69.6

44.7

17.9

17.5

51.7

56.3

29 8

1961

II III IV

19

I

62

II


424.3

18.1

120.770.650.1

69.6

44.5

17.7

17.3

51.3

55.7

29.5

431.3

18.6

123.072.450.6

70.0

44.8

18.2

17.6

52.3

56.7

30.0

444.0

19.1

129.377.352.0

71.4

45.7

18.5

18.0

53.3

58.2

30.5

448.9

18.4

130.678.152.6

72.4

45.9

18.7

18.3

54.4

59.7

30.3

456.7

18.3

133.680.153.5

74.1

46.6

18.8

18.4

55.5

60.6

30.7

Na tiona 1 income

Income originating in corporate busi-ness

Compensation of employees .Wages and salariesSupplements to wages and

salaries

Corporate profits and inventoryvaluation adjustment l

Profits before tax l

Profits tax liabilityProfits after tax l

Inventory valuation adjust-ment _ . .

Net interest. ... ... -

Income originating outside corporatebusiness

1959

400.5

220.8

174.5160.4

14.1

45.445.923.222.7

.9

179.7

1960

415.5

227.4

183.1167. 5

15.6

43.743.622.421.1

.2

.6

188.0

1961

427.8

230.0

185.8169.7

16.0

43.343.422.321.1

-.0

.9

197.8

1961

II III IV

1962

I II


424.3

228.7

184.8168.9

15.9

43.042.821.920.9

.2

.9

195.6

431.3

232.1

187.2171.1

16.1

43.944.222.621.6

—.3

.9

199.2

444.0

240.2

190. 5174.1

16.4

48.749.025.123.9

-.3

1.0

203.8

448.9

242.3

193. 5176.0

17.5

47.847.524.423.0

.3

1.0

206.5

456.7

247.1

197.8179. Q

17.9

48.348.524.923.6

-.2

1.0

209.6

1. Excludes corporate profits received from abroad.

Table 5.—Sources and Uses of Gross Saving (V-2)


Gross private saving

Personal saving. . ... ._Undistributed corporate profitsCorporate inventory valuation

adjustmentCapit al consumption allowanceExcess of wage accruals over dis-

bursements

Government surplus on income andproduct transactions

FederalState and local. . _ ... _ ... _

Gross investment _ _ _ _ _ _ _ _ _ , _ _

Gross private domestic invest-ment

Net foreign investment .

Statistical discrepancy

1959

74.9

23.610.8

-.541.0

.0

-1.5

-1.1-.3

70.4

72.7-2.3

-3.0

1960

72.9

20.98.6

.243.2

.0

4.2

3.8.4

73.7

72.41.3

-3.4

1961

79.2

25.68.3

.045.3

.0

-4.4

-3.8-.6

71.7

69.32.4

-3.1

1961

II III IV

1962

I ir


78.7

25.58.1

.245.0

.0

-4.3

-4.2—.1

70.1

67.62.4

-4.4

80.4

26.38.7

-.345.7

.0

-3.6

-3.3-.3

73.8

72.41.3

-3.1

83.5

26.510.8

-.346.6

.0

-2,9

-1.3-1.6

78.8

76.62.2

-1.9

82.5

25.49.9

.347.0

.0

-3.3

-2.4-.8

77.8

75.92.0

-1.4

84.5

26.910.3

-.247.5

.0

-1.1

— . 7-.4

79.4

77.42.0

-4.0

Table 6.—Corporate Profits (Before Tax) and Inventory ValuationAdjustment, by Broad Industry Groups (VI-10)


AH industries, total

Manufacturing

Durable-goods industriesNondurable-goods industries

Transportation, communications, andpublic utilities ... . _ _ _

All other industries

1959

47.2

25.4

13.411.9

6.7

15.1

1960

45.6

24.0

12.211.8

7.0

14.6

1961

45.5

23.5

11.711.7

7.4

14.7

1961

II III IV

1962

I II


45.0

22.9

11.211.7

7.2

14.8

46.0

24.0

12.111.9

7.5

14.5

51.1

27.5

14.912.6

8.0

15.6

50.4

27.0

14.212.8

8.1

15.4

50.7

27.1

14.312.8

8.0

15. 7

BY MARTIN L. MARIMONT

GNP by Major Industries«/ e

Comparative Patterns of Postwar Growtli

TOURING the postwar period, allindustry groups in the economy

participated in the upward sweep ofthe gross national product. However,the industry groups differed markedlyin the extent to which they shared inthe 1947-61 expansion, when the realvolume of GNP rose by 60 percent.Finance and insurance, communica-tions, and public utilities were theleading gainers, while the farm andtransportation industries were amongthose making the smallest contributionsto the overall increase in real GNP.

The differential patterns of postwareconomic growth, which hitherto couldbe observed only in terms of thecurrent-dollar national income figures,can now be analyzed into real volumeand price components, with the aidof the new data that underlie thisreport.

Since prices were rising in the postwarperiod, the increase in current-dollarGNP was larger than in real output—the 1961 current-dollar GNP totaledalmost $519 billion, more than doublethe $234 billion figure for 1947. Thelong-term advances varied considerablyamong major industries, as did theyear-to-year changes. Above-averageincreases in prices occurred in contractconstruction, services, and general gov-ernment; prices declined for farms andpublic utilities.

The cost structure of GNP originat-ing in private business shifted overthis period, as paAToll costs and capitalconsumption allowances increased morerapidly than prices, and profit marginsremained stable. (Total profits in-creased, of course, with the growth in

NOTE.—George R. Kruer had a major part in developingthe basic estimates and assisted in the preparation of thisreport. Acknowledgment should also be made to a paperby J. Alterman and E. E. Jacobs, "Estimates of Real Prod-uct in the United States by Industry Sector, 1947-55", inStudies in Income and Wealth, Volume 25, Princeton, 1961.

the volume of production.) This shiftoccurred in most major industriescomprising the private business group.However, the profit experience of themore rapidly growing industries wasrelatively more favorable.

These are among the highlightsemerging from a major expansion of the

national accounts, consisting of a breakdown of the GNP into industry components undertaken by the Office oBusiness Economics. The work wa;planned to accomodate the special requirements of the Interagency Projecon Economic Growth and Employ menOpportunities.

New Set of GNP Accounts

THIS article presents a new set ofaccounts on the measures of the physi-cal volume of the gross national productoriginating in the various industries ofthe Nation, which in principle aggregateto the physical volume of GNP ascalculated by summing the varioustypes of expenditures for final output,corrected for price change.

Current-dollar gross national productcan be broken down on an industrybasis by adding to the existing series ofnational income originating in each in-dustry its share of indirect businesstaxes, capital consumption allowances,and a few other items that reconcile thenational income and the GNP concepts.However, these income and relateditems cannot be converted into physicalvolume terms directly; appropriatetechniques for doing so are not available.Indirect methods must be used.

The gross product of each industryin terms of income shares and relateditems is equal to the difference betweenits total sales (including inventorychange) and its purchases of raw ma-terials and other current account itemsfrom other industries. This alternativedefinition of industry gross productprovides the means to convert current-

dollar industry product into constanldollars: Separate constant-dollar meas-ures of sales (including inventorychange) and current account purchasesfor each industry are calculated by theordinary methods of price deflationand the difference between these twcseries yields constant-dollar industrygross product. This basic method 01variants of it were applied to industriesaccounting for about one-half of t h etotal GNP; for industries comprisingthe rest of the economy approximationsrelying mainly on deflated industrysales (plus inventory change) wereutilized.

These measures of the physicalvolume of GNP originating in thevarious industries of the Nation arediscussed in the first part of this report.

Next, industry "price" deflators ofthe gross national product originatingin each industry were constructed bydividing the current-dollar gross prod-ucts by the corresponding physicalvolume measures. These indexes meas-ure the percent that the gross product—sales minus purchases—of an industryin a given period is compared to thegross product which the same composite

October 1!H>:2 SURVEY OF CUEKENT BUSINESS

of sales and purchases would haveyielded in the prices of the base period.They can be regarded as measuring theprices of the real product or value-addedcontributed by the factors of produc-tion engaged in each industry. (Anumerical example of this type of cal-culation is provided in the appendix.)

The differential movements in theseindustry implicit price deflators arediscussed in the second part of thearticle.

The current-dollar industry grossproduct which served as the numeratorin deriving the industry deflators canbe broken down into the major elementsof costs—employee compensation, in-terest, capital consumption allowancesand indirect business taxes on theone hand, and profits (including bothcorporate and noncorporate earnings)on the other. It is then possible toanalyze the industry price indexes intothe number of points contributed byeach of these major cost and incomecomponents to the total industry index.This is done by dividing each of thesecomponents by the same constant-dollarfigure of industry output which wasused to derive the overall industryimplicit price index.

This calculation provides succinctsummaries of the cost-price structure ofthe various industries. These underliethe discussion of the third part of thisreport.

Industry rise in 1960-61

The real GNP increased almost 2percent between 1960 and 1961, withgains occurring in all industries excepttransportation. The rise was generallyat a faster pace in the service-typeindustries. The increases in the com-modity producing and distributing in-dustries were less rapid since during theearly months of 1961 they were at a

Cross Product(Rillions of

1954 dollars)

Industry 1960

All industries, total (GNP) 440.2

Agriculture, forestry, and fisheries 22.7Min ing____ : 10.8Contract construction 18. 8Manufacturing 125. 5

Wholesale and retail tradeFinance, insurance, and real estate.TransportationCommunications

Pul >Iic utilitiesServicesGovernment and rest of the worldResidual

78.0,54. 721.49.8

13.844. 942.0

1961

448

231119

127

795721

4643 H

-31/2

cyclical low. The industry gross prod-uct totals, in 1954 prices, are shown inthe preceding table for 1960 and 1961.The 1961 estimates are based uponincomplete statistical information andsummary estimating techniques.

Trends in Real Gross Productby Industry

For each of the broad industry groupsdistinguished, real gross product in-creased from 1929 to 1961. As table 1shows, annual increases in the earlierpart of the postwar period were espe-cially large but in recent years the rateof expansion has slowed considerably.This pattern can be seen in most of theindustries. For the postwar period as awhole, the average annual rate of in-crease has exceeded that of 1929-61;at the beginning of the postwar periodoutput was under the influence of thedislocations caused by World War I T .

Private service-type industries

While each of the broad industrialgroups of the economy participated inthe postwar expansion, the increaseshave varied widely. By far the largestgains in output were recorded by publicutilities and communications. (Seechart on this page.) The public utili-ties industry, which consists predomi-nantly of gas and electric utilities,expanded its output at an annual rateof about 10 percent during 1947-57and at about 7 percent for 1957-61.The pace in both periods was morerapid than the already better-than-average growth rate achieved since1929.

Many factors, both social and eco-nomic, were responsible for thisoutstanding performance. Consumerrequirements multiplied as the popu-lation and the rate of family formationincreased and as the standard of livingrose markedly. More houses andapartments and more widespread useof appliances increased the consumermarket for electric utilities. Further-more, industry expanded its plant andequipment and introduced major tech-nological innovations which requiredgreatly expanded use of electric power.The rapid growth of the natural gasindustry, displacing markets formerly

GROWTH IN REAL INDUSTRY PRODUCT,

1947-61

Real Output of Most Private Service-Typeindustries Increased Faster Than GNP

1954 = 100 (ratio scale)

100

100

100

Finance, /nsuronce,Real Estate

100

100

100

Government anaGovernmenf Enterprise*

Industries Producing and Distributing GoodsGenerally Grew at Slower Rate

Agri., Forestry, & Fisheries

100

100

100

Trade

100

Transportation

1947 49 51 53 55 57 59 61 63

iU.S. Department of Commerce, Of f ice of Business Economic- f^_ ' IO-4

8 SURVEY OF CURRENT BUSINESS October

served by manufactured gas, coal, andpetroleum products, is also reflectedin this industry's advance.

Communications had the secondlargest growth during the postwarperiod. Subject to many of the sameforces as public utilities, output of thecommunications industry grew at aboutdouble the overall rate. The majorcomponents accounting for this growthwere, of course, the telephone industryand radio and television broadcasting.There was a decline in the telegraphindustry.

Better than average gains were alsomarked up by finance? insurance, andreal estate. (The latter includes theownership of residences, which is classi-fied as a business activity in the na-tional income and product accounts.)At the beginning of the postwar periodthese industries had not yet recoveredtheir earlier position in the economy.Other causes of the subsequent expan-sion were in this instance also thedemands of a growing population mag-nified by rising standards of living andthe requirements of expanding businessactivity.

Other industries

Several industries did not keep pacewith the gains achieved in overall GNP.These included farming, mining, andtransportation. Though less than theoverall average, the postwar growth offarm gross product has exceeded signifi-cantly its earlier increase. Miningoutput has weakened largely as a resultof the reduced demand for coal. Coalas a source of power and heat wasunable to meet the strong competitionoffered by such alternative fuels aspetroleum and gas. In addition, tech-nological innovations have broughtabout substantial economies in mineralfuel consumption in fuel-using indus-tries.

The transportation industries, whichhad maintained in the 1929-47 perioda better-than-average rate of expansion,have since slowed considerably. Trans-portation output grew at an annual rateof about 4 percent between 1929 and1947, but declined to only a third ofthat pace during the postwar period.Major declines in railroads, watertransportation and in local and highwaypassenger transportation partially offset

sharp rises in airlines and highwayfreight. The increased use of privatelyowned automobiles has, of course, beenan important factor affecting thisindustry.

Government output (general govern-ment and government enterprises),which had an above-average rate ofincrease through 1947, declined to theoverall average rate for 1947-57 andthen below it for 1957-61. Steadylarge gains in State and local generalgovernment and in government enter-prises were offset in part by the smallerrise in Federal general government.However, the analysis must be qualifiedin the light of the convention adoptedin measuring the output of generalgovernment, the major portion of thetotal. In current dollars, gross productoriginating in general government ismeasured by the compensation ofgovernment employees. (This shouldbe distinguished from the governmentpurchases component of GNP whichreflects the use of national output bythe government.) To convert the cur-rent-dollar government gross productinto constant dollars, real output isassumed proportional to the employ-ment input, thus excluding the effect

INDUSTRIAL DISTRIBUTION OF GNP, 1961

Commodity-Producing Industries Account forNearly 40 Percent of GNP

(Based on current dollar totals)

Agriculture, Forestry

& Fisheries

4 %

/

* Includes rest of the World .5 !

of possible changes in output pelemployee. This point will be referredto again in the discussion of the implicitdeflators.

The real gross product of contractconstruction increased more rapidlythan did total GNP from 1947 to 1957,in sharp contrast to its less-than-average pace before that time. From1957 to 1961 its performance has beenbelow average. Over the entire periodsince 1929 the output of this industryhas not kept pace with the growth oftotal GNP. Certain weaknesses in thecalculations of the real volume of con-struction, which might understate theperformance of this industry, will benoted later.

Manufacturing industries increasedmore rapidly than total GNP between1929 and 1947.] The 1947-57 rate ofincrease was higher than for the pre-ceding years, but below the rate for theeconomy as a whole. In this periodthe durable goods industries increasedsomewhat more rapidly than the non-durables. For 1957 to 1961 the annualrate of expansion for total manufactur-ing declined, as for most industries,and was lower than the national average.

Industry composition changes little1947-61

Kecently about 30 percent of thevolume of gross national product orig-inated in manufacturing industries.Trade activity was a somewhat distantsecond, originating 18 percent of thetotal, followed by finance, insurance,and real estate, services, and govern-ment, each with about one-tenth oftotal GNP. These five activities rep-resented four-fifths of all goods andservices produced.

This pattern is substantially the onethat prevailed in 1947, with a few ex-ceptions in the smaller groupings; thesereflect the industr}^ departures fromthe average growth rate that have justbeen discussed. Agriculture declinedfrom about 6 percent to 5 percent, as didtransportation. Communications andpublic utilities, which together ac-counted for 3 percent of total GXP in1947, had risen to beter than 5 percentrecently.

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

1. The appendix contains a comparison of the index of real62 10 gr°SS ^rocluct originating in manufacturing and the FRB

index of manufacturing production.

October 10C2 SURVEY OF CUKKENT BUSINESS 9

Comparison with 1929 brings to lightmore significant shifts. While manu-facturing also held first place in thatyear, its share amounted to 25 percentin 1929, 5 points lower than in thepostwar years. The share of govern-ment rose from about 7 percent to11 percent over this period. Anothersignificant postwar gainer was commu-nications and public utilities whichoriginated only 2 percent of GNP in1929 and is better than double thatproportion currently. Agriculture 'sshare of total gross product has droppedsharply since 1929, from 9 percent ofthe total to only 5 percent.

This discussion has been in terms ofthe real volume of GNP; the accompa-nying chart, it should be noted, is basedon current dollars.

Cyclical sensitivity marked

There was diversity also in the short-term, or essentially cyclical, movementsof real product. The short-term indus-try patterns fall into two broad cate-gories. One covers activities whichusually show marked sensitivity tochanges in the business cycle. Includedare those associated with the produc-tion and distribution of goods—such asmanufacturing, mining, construction,trade, and transportation. The othercategory shows little response to thesuccessive phases of the cycle. Thisgrouping consists of the industrieswhich in the main provide services—including communications, public utili-ties, services, finance, insurance, andreal estate, and government. In most

Table 1.—Average Annual Percent Changein Real Gross Product by Industry, Se-lected Periods, 1929-60

All industries, total (GNP)_

Agriculture, forestry and fish-eries

MiningContract construction -ManufacturingWholesale and retail trade..-. _ _Transportation _Communications and public

utilitiesFinance, insurance, real estate

and servicesGovernment and government

enterprises-. _ __ _

1929-60

2.9

1 11 32.13 32.73.1

5.8

2. 6

3 9

1929-47

2.5

49

1.23 42.54.2

4.1

1.5

4 3

1947-60

3.5

1 91 93.43 22.91.6

8.3

4.1

3 3

1947-57

3.8

2 02 84.73 63.01.8

8.8

4.0

3.8

1957-60

2.5

1 8— 1 2

— . 72 12.51.1

6.6

4.3

1.5

Figures show the average annual compounded rate ofchange between the initial and terminal years of eachperiod.

NOTE.—Based on constant (1954) dollars. Data for 1929derived from John W. Kendrick, Productivity Trends in theUnited States, Princeton, 1961.

Source: U.S. Department of Commerce, Office of BusinessEconomics.

(J58343—62 2

of these cases the underlying expan-sionist forces during the postwar periodwere so strong that they overrode ormarkedly lessened cyclical influences.

In this discussion of cyclical industryresponsiveness, two data limitationsshould be kept in mind. First, onlyannual totals are available in the realproduct calculations. A time span ofsuch length tends partly to obscurethe timing of the cyclical turning pointsand the extent of the cyclical swings.Second, because of estimating errors,the sum of real product originating inthe various industry groups differssomewhat from the regularly publishedGNP totals. (See table 4.) Conse-quently, wdien year-to-year changes aresmall, some uncertainty is introduced,limiting the precision with which theshifts can be traced at the industrylevel.

The first postwar dip in total GNPoccurring in 1949 was very mild.Industrially, the principal area of de-cline was manufacturing—especially thedurable goods industries. The as-sociated decreases in transportation,centering in railroads, and in miningand farming accounted for all of theremaining downward movement. Pro-duction in all the other industries wasmaintained or rose, limiting the extentof the decline.

In the ensuing recovery and expan-sion all activities participated to carrythe economy to a new peak in 1953.Manufacturing was the principal con-tributor to this gain, accounting forbetter than two-fifths of the increase,considerably more than its propor-tionate share of total GNP. As wouldbe expected, sharp rises in durable goodsproduction were the principal factor.

Manufacturing industries, continuingtheir role as the most volatile element,led the retreat from the 1953 highs.The manufacturing decline was largerthan the total drop. Trade, transpor-tation, mining, and production origi-nating in the Federal Government alsoturned down but by smaller amounts.

The economy reached a new high in1957. The manufacturing upturn wasless vigorous than in the post-1949expansion, adding only proportionatelyto the overall increase.

In 1958 all activities concerned withthe production and handling of goods,

except farms, were set back from their1957 levels. The loss in the durablegoods manufacturing industries alonenearl}7 equaled the drop in the physicalvolume of total GNP. Continuingincreases in the service-oriented indus-tries; however, cushioned the extent ofthe overall decline.

Output for the economy as a wholerose sharply from 1958 to 1959; theincreased pace continued into early1960, and a new high was touched inthat year. However, only modestgains were made for 1960 as a whole,as activity turned down in the latterhalf of the year. In the 1959-60upturn, manufacturing showed a less-than-average increase. The major areasof strength were again the service-associated industries; notably largegains occurred in public utilities andcommunications. (Developments for1960 to 1961 have been discussedearlier in this article.)

Industry Gross ProductDeflators

As already explained, implicit defla-tors for each industry have been calcu-lated by dividing gross product incurrent prices by gross product in 1954prices, and expressing the quotientsin terms of 1954=100.

These implicit deflators, as previouslynoted, take into account not only thechange in the selling prices of anindustry but also the change in theprices of the purchased materials andother intermediate products which itbuys. In effect, the change in buyingprices is netted out from the changein selling prices. If, for instance, theselling prices of an industry increase100 percent, and the increase in buyingprices is larger, the implicit deflatorfor that industry will increase lessthan 100 percent.

With respect to selling prices, weare dealing not only with wholesaleprices in markets for intermediateproducts but also with prices of finalproducts. These include retail prices,construction prices, wholesale pricesin instances in which final purchasesare made in wholesale markets, andspecially developed price measures—such as in the case of the generalgovernment.

10 SURVEY OF CURRENT BUSINESS October 1902

Inasmuch as the prices of interme-diate goods cancel out in the calculationof the overall industry average, theall-industry implicit deflator is in prin-ciple the same as the implicit deflatorfor GNP by type of final expenditure.The latter is an average of final productprice indexes, with weights proportionalto final expenditures on the varioustypes of goods and services.

Most deflators rise

A large part of the postwar increasein current-dollar GNP was the resultof price rises. The implicit deflatorfor GNP as a whole rose from 83(1954=100) in 1947 to about 116 in1961—an increase of about two-fifths—touching a new peak at the end of theperiod.

The post-1947 price movementsoccurred in roughly four phases. Theperiod 1947 to 1951 witnessed steeplyclimbing prices, originating in thepressures of meeting post World War IIdemands and the needs created by theKorean conflict. From 1952 there wasgenerally a mild upward drift inindustry price indexes which lasteduntil 1956 and 1957 when pricesincreased sharply in nearly all indus-tries. Since that time price rises havebeen moderate.

For the entire postwar period, threeindustries showed increases in theirdeflators that were far more than theaverage price change for the entireeconomy—general government, con-tract construction, and services, in

Table 2.—Percent Change in GNP and Ind

that order. (See table 2 and chart.)The size of the increase in the

deflators for these three industries issubject to qualifications. The specialconvention used to measure the realoutput of general government hasalready been mentioned. This con-vention could result in an understate-ment of government output and in anoverstatement of the deflator. Aparallel weakness is implicit in mostof the basic price indexes used todeflate the components of the construc-tion output series. These indexes refer,in general, to the prices of constructionlabor and materials. Deflation of thecurrent-dollar construction figures bythese indexes results in constant-dollarseries that do not reflect increases inconstruction output per unit of input.A number of the service componentshave been calculated using similarmethods and thus might also fail togive full weight to gains in productivity.

The two industries that movedcounter to the general price rise wereagriculture and public utilities. Thewell-known difficulties that beset farm-ing after an unusually prosperousperiod during the war and the earlierpostwar years, depressed the grossproduct price index for agriculturefrom 120 in 1947 to 97 in 1961. Thepublic utilities index was relativelystable, dropping 1 point over thepostwar period. This small declineoccurred despite rate increases duringthese years. The offsetting factor wasthe substantial increase in the volume

ustry Deflators, Selected Periods, 1947-60

\I1 industries total < ( r \ " p !

Vgricuiture, forestry, and f ish<>ricsFarms

ATinins'

Contract construction

A f anul'act urin gDurable goods industriesNondurable goods industries „ _


Finance, insurance, and real estateFinance and insurance

Transportation -Railroads - -- -

Communications

Public utilities

Services - -Households and institutions

Qovcrnrnent and government enterprises

1947-60

37.8

-18.7-21.7

37.5

71.5

40.2nana

31.9

55. 759. 5

31.228.0

33.7

-1.1

til. 862. 0

80. 2

1947-51

15.9

6.96.4

29.4

21.1

19.224.913.7

13.2

18.921.9

11.724 2

20. 1

1.9

20. 618.7

18.3

1950-51

„ -

92 .22.8

2.9

5.7

8.06.89.7

11.2

3. 66.3

1.51.8

4.9

2.3

8.36.1

6.7

1955-56

3.4

.9

.8

1.5

6.0

4.15.82.0

3.5

.9-1.2

1.59

.3

2.82.8

3.5

1956-57

3.6

1.82.1

-1.7

5.9

3. 55.4.7

4.6

3.46.9

6.46.6

2.7

1.4

4.53.9

5.6

1957-60

3. 11.8

-1.6

11. 0

2.5nana

5. 4

7.312.3

— .6-4.4

6.4

-.4

7.611.1

16.6

'T.8. Department of Commerce. Otrice of Business Economics.

of electricity and gas consumed percustomer which was made possible bythe tremendous progress in technology.Since the rate schedule provides for adecline in price per unit as volumeincreases, a significant portion of theadditional production was sold atsharply lower prices.

industry moves during price spurts

As is to be expected, the industriesthat exhibited the largest postwarprice rises also showed more-than-average percentage increases in theyears when overall GNP prices in-creased most. The service industryhad above-average increases in eachof these years except 1955-56. Con-struction and government exceededthe average national price rise ineach of these periods except 1950-51;finance, insurance, and real estateshowed the least consistent pattern.

Other industrial groupings, whichhad less spectacular price increases forthe entire postwar period, neverthelesson occasion showed price rises in therecord price change years that ex-ceeded the overall change. Manufac-turing contributed disproportionatelyin the earlier years when the demandfor manufacturing products was par-ticularly insistent. Since 1956, belowaverage increases in the prices ofnondurable goods manufacturing in-dustries offset the larger-than-averagechanges for durable goods. Miningand railroads, like manufacturing, ex-perienced large price rises in the firstpostwar years but not since that time,coincident with a weakening in theirmarket positions. Agriculture, al-though showing a price decline forthe postwar period as a whole, never-theless contributed disproportionatelyto the price increases that occurred inthe earlier years.

Changes in Cost Structure

The new series makes it possibleto examine the cost-profit structureunderlying the industry and overallprice indexes.2

2. The analysis and statistical methods used for this dis-cussion are based primarily upon studies carried out byCharles L. Schultze, appearing in Prices, Costs and Output:1947-67, published by the Committee lor Economic Devel-opment and in various reports of the Joint Economic Com-mittee of Congress. Similar methods were followed in"Corporate Profits Since World War II", Survey of CurrentBiminesis, January 1956, by II. D. Osborne and J. B. Epstein.

Octob SURVEY OF CURRENT BUSINESS 11

As explained earlier, price indexes ordeflators for industries and for thenation as a whole have been calculatedby dividing current-dollar gross product

GROSS NATIONAL PRODUCT IMPLICIT

DEFLATORS, 1947-60

Construction and Most Service-Type IndustriesShowed More-Than-Average Price Rise

1954 =100 (ratio scale)

Government and— Government Enterprises

100

Communications and Most Goods ProducingIndustries Showed Average Rise or Less

100

TOO

100

Mining

Only Agriculture and Public Utilities HadPrice Declines

iAgri., Forestry, & Fisheries

, I I I I I I I I I I l l i 1 1 I

100

1947 49 51 53 55 57 59 61 63


and its major cost and income com-ponents by real gross product. Thisdivision yields, in addition to theindustry implicit price index, the num-ber of points in the total index asso-ciated with the several income and costitems. (See table 3.)

It should be noted that this is onlyan after-the-fact measurement of thenumber of price points associated witha component. The fact that points inthe price index are attributed to acomponent share does not mean thatthey were caused by that share.

If the points calculated for a givencomponent increase over time by alarger percent than for other shares,this indicates that the relative import-ance of that component in the cost-profit structure has increased dispro-portionately. The same conclusionsregarding changes in the cost-profitstructure could be derived from a com-parison of changes in the percent dis-tribution of the income share, capitalconsumption, and business tax com-ponents of gross product. The methodused here, however, has the advantageof rearranging the conventional com-ponents into groupings more directlyrelevant to cost-price analysis and ofcondensing into a single set of numbersthe changes in the costs associated witha change in gross product prices. Thecomponents of gross product are re-shaped into costs and profits per dollarof real output by dividing these com-ponents by the constant-dollar grossproduct.

These quotients can be thought of astracing the prices, costs, and profits perunit of real gross product. For thenation as a whole, such a unit repre-sents one dollar's worth, in base period(1954) prices, of the particular combi-nation of goods and services producedin any given year. For an industrythe interpretation is the same, exceptthat reference is now to the particularcollection of goods represented by thatindustry's sales and purchases. It willbe noted that this is the conventionalmarket basket interpretation of retailprice indexes extended to industriesand to the nation as a whole.

Unit costs increase faster than prices

As can be seen from table 3, whichcontains calculations of the type just

described for the economy as a whole,22 points of the 33 point increase in theGNP deflator between 1947 and 1961were associated with increases in em-ployee compensation, as payroll costsper unit of output rose somewhat morerapidly than GNP prices. Another 6points of the overall price increaseoccurred in allowances for capital con-sumption, where costs per unit doubled,and 4 points in indirect business taxeswhere unit costs increased about 65percent. Net interest per unit of out-put tripled and was associated with 3points of the overall price rise.

The remaining income shares, whichinclude mainly corporate profits andproprietors' income, held level per unitof real output over the period as awhole. Needless to say, the total ofthese incomes increased substantiallyover the postwar period as the realvolume of national production ex-panded.

Sub-periods varied from the patternfor the entire period. Consider, forexample, the events from 1947 to 1951when aggregate output increasedsharply and about 40 percent of thepostwar price rise occurred. In thisinterval, employee compensation perunit of output showed a somewhatsmaller rise than did GNP prices.Capital consumption allowances perunit of output increased substantiallyas heavy new investment in plant andequipment occurred. This new invest-ment reflected prices higher than theprices of the investment goods which itreplaced; this added to the increase indepreciation charges. Net interest alsoincreased disproportionately with theexpanding financial activity that char-acterized the postwar period. Profitsper unit of output also increased atslightly better than the average ratefor prices as a whole.

During the 1951-57 period the econ-omy continued to move forward thoughat a somewhat slower rate than in theearlier years of the postwar period, andthe average increase in overall priceswas slower. In this period capital con-sumption allowances per unit of outputcontinued to increase at a much fasterpace than unit prices, with liberalizeddepreciation allowances an importantadditional factor in the increase. Inter-est costs per unit of output also con-


Table 3.—GNP Implicit Price Deflator (1954 = 100) and Unit Costs and Profits, SelectedPeriods, 1947-61

in contrast, the points of the priceincrease associated with profits werelarge.

These cost-profit patterns per unit ofoutput reflect mainly the behavior ofthe various types of costs in responseto cyclical changes in the volume ofoutput. In recessions, when total out-put shrinks, fixed costs—-such as capitalconsumption allowances, interest, andsome indirect business taxes—-arespread over a smaller total volume ofproduction, and the cost of these itemsper unit of output rises. Wages andsalaries are more flexible in response tooutput changes, but they also includea relatively stable element, and labor

tinned their sharp rise. In contrast to pointed to the resistance of prices to costs per unit of Qutput tend to rige

the earlier postwar experience, the the downward pressure of recession production at less than optimum levelspercentage increase in unit labor costs periods. In the postwar years, the of efficiency may aiso be a factor in the

was considerably larger than in the total price level has usually increased in increase of unit labor costs in business

Employee compensation .._Vet interest -

Capital consumption allowancesIndirect business taxes

Profit-type income- _

GNP implicit price deflator _ . _ .

1947

45.61.3

4.66.8

23.3

83.0

1951

52.81.8

6.47.8

27.1

96.2

1957

62.53.3

9.29.8

23.7

108.4

1961

67.54.5

10. 111.2

23.2

115.8

Average annual percent change

1947-51

3.78.5

8.63.5

3.9

3.8

1951-57

2.910.6

6.23.9

-2.3

2.0

1957-61

2.08.1

2 43^4

-.5

1.7

1947-61

2.89.3

5.83.6

0

2.4

NOTE.—Employee compensation consists of wages, salaries, and supplements.Net interest is net interest component of national income.Capital consumption allowances consists of depreciation, capital outlays charged to current expense, and accidental damage

to fixed business property.Indirect business taxes consists of indirect business tax and nontax liability and business transfer payments.Profit-type income consists of corporate profits after inventory valuation adjustment, proprietors' income, rental income

of persons, and surplus of government enterprises, less subsidies.


price of final output. Profits per unit downturns; in 1949, there was a barelyof output shrank, although aggregate measurable drop. Following widely

downturns. These several factorsmaking for an increase in unit costs are

profits continued to increase with the recognized patterns, in each recession reflected in a corresponding reductionof profit margins. Aggregate profitsrise in total production. year the additional price points were

From 1957 to 1961 the expansion of associated principally with employee decline even more, of course, as a resultaggregate output was small and overall compensation and allowances for capital of the shrinkage in sales volumes.

consumption, while profit margins de-In the first years of recoverv.

prices rose, but more slowly than in thepreceding period. Employee coinpen- dined,sat ion and capital consumption allow-ances per unit of output rose onlymoderately faster than GNP prices.Unit interest costs continued theirabove-average increases. Profits perunit of output tended downward onlyvery slightly.

This discussion of the cost-pricestructure refers to the economy as awhole; indicated changes reflect in partshifts in the form of legal organiza-tion—i.e., shifts among corporations,unincorporated business, households,and government-—rather than beingconfined to changes in the cost struc-ture of each of these segments. Withparticular reference to the importantcorporate sector, it may be noted thatin the initial period, 1947-51, unitprofits increased more pronouncedly inrelation to employee compensation thanfor the economy as a whole. Also, inthe last few years, profit margins perunit of corporate output remainedstable whereas there was a slight furtherweakening in all forms of profit--cor-porate and noncorporate—per unit oftotal real GNP.

The discussion earlier in this article

All these factors are reversed in theensuing business upturn. Fixed or

Table 4.—Gross Product iri Constant Dollars, by Industry[Billions of 1954 dollars]

All industr ies, total(GNP)

Agriculture, forestry, and fish-eries. - - - - - -

Farms

Mining _ _ -

Contract construction. . - -

ManufacturingDurable goods industriesNondurable goods indus-

tries


Finance, insurance, and realestate

Finance and insurance

TransportationR-iilroads

Communications

Public utilities

ServicesHouseholds and institu-

tions

Government and governmententerprises

General government

Rest of the world

Residual }

1947

282 3

17. 716 9

8.5

12.2

83. 144.8

38.3

53.7

30.77.9

17.39.7

4 2

4.2

28. 5

8.2

26. 122.8

1. 1

—5. 1

1948

293. 1

20.119.3

8.9

13.4

86.046.3

39.7

54.5

32.38.5

17. 19.4

4 7

4.7

29.4

8.7

26.622.8

1.2

— 5.9

1949

292.7

19.218.3

7.9

13.7

81.942.5

39.5

54.7

34.58.9

15.57. 4

4.8

5.0

29.5

9.2

27.923.9

1.3

-3.3

1950

318. 1

20.219.3

8.8

14.9

92. 651.3

41.3

61.3

36.79.6

18.08.7

5.0

5.8

31.0

10.1

28.824.8

1.4

-6.3

1951

341.8

18.918.1

9.7

17.0

102.058.9

43.1

61.4

38.810.3

20.29.6

5.4

6.6

31.3

10.3

34.830.8

1.3

-5.5

1952

353. 5

19.718.8

9.6

17.1

105.060.5

44.5

63.2

39. 510.6

19.19.0

5.8

7.1

32.0

10.4

37.233.2

1.3

-3.0

1953

369. 0

20.419.5

9.9

17.2

111.966.1

45.9

65. 7

40.110.9

19.08.8

6.0

33.3

11.1

37.032.8

1.4

-.4

1954

363.1

21.320.3

9.6

17.3

103.859.6

44.2

65.0

41.311.8

18.08. 1

6.5

8.3

33.9

11.3

36.632.3

1.6

0

1955

392.7

22.321.4

10.6

18.6

116.767.9

48.7

70.8

43.912.9

20.39.3

7.3

9.4

35.8

12.5

36.632.2

1.8

-1.3

1956

400.9

21.920.9

11.2

19.5

116.466.5

49.8

72.5

45.713.7

21.09.7

7.9

10.4

38.2

13.5

37.232.7

2.0

-3.0

1957

408. 6

21.520.6

11.2

19.2

117.866.7

51.1

72.5

48.414.0

20.79.1

8.4

11.1

39.5

14.1

37.933.2

2. 2

-1.7

1958

401. 3

21.820.9

10.2

18.4

110.558.3

52.2

71.3

50.014.4

19.38.3

8.6

11.6

40.5

14.5

38.133.4

2.2

-1.1

1959

428. 6

21.720.8

10.6

19. 6

123. 1na

na

76.9

52.515.3

21.18.6

9.2

12.9

42.5

15.1

38.733.8

2.3

-2.5

1960

440.2

22.721.8

10.8

18.8

125. 5na

na

78. G

54.716.0

21.48.6

9.8

13.8

44.9

16.1

39.734.7

2.3

-2.4

1. Represents GNP measured as sum of final products minus real GNP measured as sum of industry products. Doesnot include the statistical discrepancy, as shown in the hitherto published GNP accounts, since industry real product has beencalculated usin^ industry totals adjusted to include a proportional share of the discrepancy.


October HMKi SURVEY OF CURRENT BUSINESS 13

Table 5.—Indexes of Gross Product in Constant (1954) Dollars, by Industry

[Index numbers, 1954 = 100]

All industries, total(GNP) . ...

Agriculture, forestry, and fish-cries

Farms

Mining


ManufacturingDurable goods industries. _ _Nondurable goods indus-

tries


Finance, insurance, and realestate


TransportationRailroads

Communications _

Public utilities

ServicesHouseholds and institu-

tions

Government and governmententerprises

General government .__ _

Rest of the world

1947

77.7

83. 183.3

88.5

70.5

80.175.2

86.6

82.6

74.366.9

96.1119.8

64.6

50.6

84.1

72.6

71.370.6

68.8

1948

80.7

94.495.1

92.7

77.5

82.977.7

89.8

83.8

78.272.0

95.0116.0

72.3

56.6

86.7

77.0

72.770.6

75.0

1949

80.6

90.190. 1

82. 3

79.2

78.971.3

89.4

84.2

83.575.4

86.191.4

73.8

60.2

87.0

81.4

76.274.0

81.3

1950

87.6

94.895.1

91.7

86.1

89.286.1

93.4

94.3

88.981.4

100.0107.4

76.9

69.9

91.4

89.4

78.776.8

87.5

1951

94.1

88.789.2

101.0

98.3

98.398.8

97.5

94.5

93.987.3

112.2118.5

83.1

79.5

92.3

91.2

95.195.4

81.3

1952

97.4

92.592.6

100.0

98.8

101.2101.5

100.7

97.2

95.689.8

106.1111.1

89.2

85.5

94.4

92.0

101.6102.8

81.3

1953

101.6

95.896.1

103.1

99.4

107.8110.9

103.8

101.1

97.192.4

105.6108.6

92.3

92.8

98.2

98.2

101.1101. 5

87.5

1954

100.0

100.0100.0

100.0

100.0

100. 0100.0

100.0

100.0

100. 0100.0

100.0100.0

100.0

100.0

100.0

100.0

100.0100.0

100.0

1955

108.2

104. 7105.4

110.4

107. 5

112.4113.9

110.2

108.9

106 3109.3

112.8114.8

112.3

113.3

105. 6

110.6

100.099.7

112. 5

1956

110.4

102.8103.0

116.7

112.7

112.1111.6

112. 7

111.5

110 7116. 1

116. 7119.8

121. 5

125 3

112.7

119.5

101.6101.2

125 0

1957

112.5

100.9101.5

116.7

111.0

113. 5111.9

115. 6

111.5

117.2118.6

115.0112.3

129.2

133.7

116.5

124.8

103. 6102.8

137.5

1958

110.5

102.3103. 0

106.3

106.4

106.597.8

118.1

109.7

121 1122.0

107.2102.5

132.3

139.8

119. 5

128. 3

104.1103.4

137 5

1959

118.0

101. 9102. 5

110.4

113.3

118.6n a

na

118.3

127.1129.7

117.2106.2

141.5

155.4

125.4

133 6

105. 7104. 6

143 8

1960

121.2

106.6107.4

112. 5

108. 7

120.9na

na

120. 0

132 4135 6

118 9106 2

150 8

166 3

132 4

142 5

108. 5107.4

143 8


relatively fixed costs are spread overlarger volumes of output, and unit costscan be reduced as a result of improvedefficiency. Profit margins rise, andaggregate profits increase sharply assales volumes expand.

MANUFACTURING OUTPUT:

Real Gross National Product and FRB Indexes,1947-60

Index, 1954 =100

Diversity of cost-price structure

Focusing on the individual industriesfor the 1947-60 period, capital con-sumption charges per unit of outputgenerally increased more rapidly thangross product prices. The extreme ex-ample is mining, where 22 points of the28 point increase in the price index wereassociated with capital consumption.(See table 7.)

With respect to the relative role ofemployee compensation and profit-typeincomes in cost-price developments,there appears to have been a tendencyfor profit margins to be maintainedrelatively better in the more rapidlygrowing industries. As previouslynoted, the industries with the mostrapid growth in real output includedfinance and insurance, communications,and public utilities. In finance andinsurance and communications, whereprices rose over the postwar period, thepercent increase in unit labor costs wasless than that in profit margins. Inpublic utilities the implicit deflator de-clined over the postwar period, butwith rapid technological advance theunit cost of employee compensationdropped so sharply that profits perunit of output increased slightly.

In manufacturing, whose growth rateduring the postwar period was aboutaverage, unit payroll costs increasedmore rapidly than the industry pricedeflator. The rise in unit profits wassubstantially less.

In trade and transportation the pricerise was associated predominantly withcompensation of employees; these unitcosts increased far more than the in-dustry price index. Correspondingly,profit margins were reduced. Aggre-gate profits—corporate plus noncorpo-rate—in these industry groups changedlittle over the postwar years as a whole.

130

120

110

100

90

80

70 I I I I I I i I I I I 1 I I I

AppendixConcepts and Methods

1948 50 52 54 56 58 60 62Data: FRB & QBE

U,S. Department of Commerce, Office of Business Economics 62-10-7

THE national output total can be ob-tained via several routes, following theexplanation in the 1954 NATIONALINCOME, a supplement to the SUR-VEY OF CURRENT BUSINESS. Up tothe present, two methods have servedas the foundation for arriving at thegross national product. Briefly, oneprovides for compiling the value of thefinal purchases made by (or, conversely,final sales made to) persons, govern-ment, business investors, and foreigntrade, plus the change in business in-

ventories. Under the other method,the returns to the factors of production(wages, profits, rent, etc.) are added tothe non-factor charges (indirect busi-ness taxes, depreciation, etc.) to arriveat the same output total.

A third approach, which is used inthis study, emphasizes the industrialorigin of the gross product. It restson the fact that the gross nationalproduct is equal to the sum of eachindustry's gross product.

Product originating in an industry isthe contribution of that industry's ac-

Table 6.—Gross Product in Current Dollars, by Industry


19471948194919501951195219531954195,5195619571958.. ... .19591960

19471948194919501951195219531954195519561957195819591960

19471948194919501951...195919531954195519561957195819591960

19471948194919501951195219531954_.195519561957J9581959I960

19471948194919501951 . _1952195319641-9551956 _19571958 .1-959 .B960

1947 _1948.. _1949195019511952 ..19531954195519561957 _ _J958 . _1959i860

All industries, total (GNP)

Total(GNP)

234. 3259.4258. 1284.6329.0347.0365.4363. 1397.5419 2442.8444.5482.7503. 4

Em-ployee

compen-sation

128.8141.0140.8154. 2180. 3195.0208.8207.6223.9242 5255. 5257.1278. 5293. 7

Netinterest

3.84.24.85.56.37.18.29.1

10.411.713.414.816.418. 1

Capitalcon-

sump-tion

allow-ances

13.015. 517.319.122.024.026.528.832.034.437.438.641.043.3

Indirectbusiness

taxes

19.321.122.424.626.629.331.631.434.337.340.041.144.748.6

Profit -type

income

65. 978.572.282.092.590.289.085.395.995.797.094.3

105. 1103. 2

Mining

6.38.17.08.29.39.19.59.6

11.011.811.610.510.611.0

3.13 53.13.43.94.04.13.74. 14.5

1:14.24.3

(*)(*)(*)(*)(*)(*)(*)(*)(*)(*)(*)(*)

0. 1. 1

1.21.61.72.02.32.52.83.13.53.73.73.53.63.9

0.3.4.4.5.5.6. 7.8

1.01.01.01.01. 11.2

1.6

1.72.32 5I 91.91.82.4

2.41.81.71.6

Durable goods industries

33.737.636. 545.155.358 265. 059. 669.371.875.967.8

nana

25.127.525.429.937.441.346.843.248.252.454.950.9

nana

(*)(*)(*)

0.1-.1

(*)(*)(*)(*)'

.2nana

1.31.61.71.82.22.63.23.64.04.34.84.9nana

1.31.61.71.92.42.53.02.73.43.43.73.3nana

5.37. 27.8

11.713.111.611.810.013. 612.212.68.9nana

Finance, insurance, and real estate

22 124.727.930.333.235.938.941.344.046.250.653.757.961.3

5.35.66.26.87 38.08.79.5

10.411.111.913.013.9

\:l1.82.02.42.63.03.54.14.55.26.07.07.6

2.83.13.43.74.14.34.85.25.76.26.8

7.98.5

3.74.14.54.95.35.86.26.77.28.08.69.19.9

10.8

8.810.712.613.614.415.616. 617.117.317.418.819.620.421.0

Railroads

7.48.17.48.19.19.49.48.18.99.39.38.58.58.4

5.45.85.45.66.46.56.55.96.16.66.66.16.26.1

0.3.3.3

1:l.3.3

:1:l.3

0.4.4.4.4.6.7.8.9

1.01.01.01.0.9.9

0.6.6.6.6

'.7.8. 7. 7.8.9.8.7. 7

0.61.0.7

1.21.11.21.0.4.7.8.6.4.4.3

Services

21.322.923.925. 8

; 28.230.332,733.9

- 37.541.144.4

: 46.5! 50.9; 54.3

11.712.613.013.815.116.217.318.019.621.723.424.827.029.5

1.01.41.72.12.42.73.43.64.24.85.35.56.06.7

1.11.31.51.51.71.92.02.32.32.62.93.13.33.5

0.9Q

.91.01.01.11.21.11.11.31.31.51.61.7

6.36.96.97.47.88 28.88.8

10.211.011.511.813.313.3


Total

21.324.419.991 224! 323.621.821.320. 620.420.422.521 922. 2

Em-ployee

compen-sation

3.13.4

3^63.23. 23.23.2

3! 33.43.53.63.7

Netinterest

0.3.4.4. 55

.66

.6

.7

. 7

.8

.91.01.1

Capitalcon-

sump-tion

allow-ances

1.62.02.42.73.23.33.43.53.63.63.83.94 24.2

Indirectbusiness

taxes

0.7.7.8.8.9

1.01.0.0

1.1.12

!3.3.4

Profit-type

income

15.618.013.114.216. 515.513. 512.912. 011.611.313.011.111.9


9.011.111.212.615.216.517. 117.318.921.021.921.623.423.8

6.17.47.38.3

10.411.311.812. 012.914.414.914.916.216.7

8(*)(*)(*)(*)(*)(*)(*)(*)

0.1.1. 1

(*)

0.3.4.5.6.7.7.8.8

1.01.11.21.21.31.4

0.2.1.2.3.3.3.4.4.5.5.6.6

!s

2.33.13.23.53.84.14.14.04.45.05.34.95.35.1

Nondurable goods industries

32.935.534.236.842.143.345.444.249.451. 553. 253. 0

nana

19. 421.120.822.625.026. 128.027.929.831.733.032.8

nana

(*)(*)(*)(*)(*)(*')(*)

0.1(*) . 1

.1

.2nana

1.31.51.71.82.12.32.62.93.53.74.14.3nana

4.84.94.95.35.26.46.56.06.67.17.57.6nana

6.78.16.87 29'. 68.47.97 99.49.38.68.4nana


5.66.37.67.88.99.9

11.111.812.312.914.115.317.018.1

3.84.24.55.05.56. 16.77.37.98.79.4

10.111.111.9

-0.3-.7-.7-.9-.9

-1.1-1.1-1.3-1.4-1.7-1.9-2.0-2.2-2.6

0.1.2.2.2.3.3.3.4.4

. 6

. 6

0.4.4.5.5.6.7.7.8.8.9

1.01.01.11.2

1.52.23.02.93.43.84.44.54.64.75.25.66.57.1

Communications

3.33.74.04.55.15.76.36.57.07.68.38.89.7

10.3

2.02.32.42.52.83.13.43.53.84.24.44.44.64.9

0.1.1.1.1.1.1.1.1.1.2.22

.'3

.3

0.3.4.4.4.5.5.6.6.7.7.8.9

1.01.1

0.6. 7.7.8.9

1.01.1.9.8.9

1.01.11.21.3

0.3.3.4.7.9

1.01.21.21.61.61.82.22.62.8

Households and institutions

6.16.97. 48.49.19.8

10.911.312.714.115.316.317.519.4

5.15.65.86.36.87.17.67.78.69.3

10.110.911.712.8

1.01.31.62 12.32.73.33.64.14.85.25.45.86.6

Farms

Total

20.723.819. 320.523. 622.820.920.319.619.319.421. 320.020.9

Em-ployee

compen-sation

2.83.0.9

!s.8.8

'.82.93.03.0

Netinterest

0.3

!4.5.5.6.6.6

's.9

1.01.1

Capitalcon-

sump-tion

allow-ances

1.62.0

'A3:!3.33.43.53.63.63.73.84.04.0

Indirect j Profit-business! type

taxes income

0.6 i 15. <.7 i 17.;.8 12.1.8 13.1.9 ; i6.i.9 i 15.1. 9 13. 1

1.0 12. .!1.0 11. (1. 1 11. i1.1 HU1.2 12. f1.2 10.£1.3 11.4

Manufacturing

66. 673.170.881.997.4

101. 5110. 5103. 8118.7123. 3129.1120.8137. 1140.9

44.548.646.152.562.467.474.871.178.084.187.983.792.996.3

(*)(*)(*)-0.1-.1

(*)(*)

.1(*)(*)

2'.32

'.2

2 63.03.33.74.34.95.86.47.58.08.99.29.6

10.1

6.16.56.67.27.68.79.58.89.9

10.511.210.912.013. 2

12. 115. 314. e18. i2i> 720: c19. i17. 223. C21. '21. '117. i23. r


46.550.950. 554.060.262.464.465.070.975.178.679.186. 389.1

23.626.126.428.331.233. 035. 136.138.641.944.245.048.651.8

(*)(*)(*)(*)

0.1.1

(*)

'.I.1222

.1

1.61.92.32.52.83.13.33.43.64.14.64.54.85.0

5.35.96.27.07.68.38.99.09.8

10.911.812.213.414.7

15.217.215.416.418. 117. 716. 716.218. (i18.618.017.620. 018.2

Transportation

13.814.914.415.818.018.719.418.019.820.821.820.921.922.4

9.710.39.9

10.412.012.513.112.513.214.315.014.415.415.9

0.3.3.3.3.3.3.3.3.4.3.4.4.4.5

1.01.11.21.31.51.71.92.02.32.42.72.72.83.0

1.11.21.31.31.51.61.71.61.81.92.12.01.81.9

1.52. 11.72.52.62. 52.31.52.02. 11. 71.41. 71. 4

Public utilities

4.04.45.15.56.46.97.68.39.09.7

10.511.112.113.0

1.61.82.02.12.32.52.82.93.13.33.53.84.04.2

0.3.3.3.3.4.4.5.6.6.7.8.9

1.01.1

0.6.6.7.8.9

1.01.11.41.71.92.12.32.52.7

0.6

;i.9.8.9

1.01.11.21.31.41.61.7

.0

.1

.4

. 5

.92.12.32.42. 62.72.72.73.23.5

Government and government enterprises

19.3 ••20.122.323.630 435.036.136.638.2 '40.243.3 i46.7 i49.4 !52,9 !

18.619.721.923.530 234.535.335.937.840.443.246.649.052.5

_ . :

0. 6. 5. 4.2. 1.5.8

'.4-.2

.2

.1

.5

.4

October 1002 SURVEY OF CURRENT BUSINESS 15

Table 6.—Gross Product in Current Dollars, by Industry-(Billions of dollars)

Continued

1947194819491950195119521953

195419551956 ..1957195819591960

General government

Total

16.717.419.420.827.331.031.8

32.334.036. 438.942.044.147.3

Em-ployeecom-pen-

sation

16.717.419.420.827.331.031.8

32.334.036.438.942 044.147.3

Netinterest

Capitalcon-

sump-tion al-

lowances

Indirectbusiness

taxes

Profit-type

income

Rest of the world

Total

0.81.01.0.2.4.3.3

.6

.8

.02.22.12.22.3

Em-ployeecom-pen-

sation

(*)

<(•!(*)(*)

8(*)(*)(*)(*)(*)(*)(*)

Netinterest

0.1. 1.2.2

'.22

2'.22

.3

.3

.4

.4

Capitalcon-

sump-tion al-

lowances

Indirectbusiness

taxes

Profit-type

income

0. 7.8.8

1.01.21.11.1

1.41.61.81.91.81.81.9

NOTE.—Total GNP includes the statistical discrepancy. Proportional amounts of the discrepancy are also includedin the total gross product of each industry. The statistical discrepancy is not distributed among the gross product com-ponents and consequently the components will not add to the total. The statistical discrepancy included in total GNPis as follows, in billions of dollars: 1947, $3.5; 1948, -$0.8; 1949, $0.5; 1950, -$0.7; 1951, $1.2; 1952. $1.4; 1953, $1 3" 1954 $0 9'1955, $1.0; 1956, -$2.4; 1957, -$0.6; 1958, -$1.5; 1959, -$3.0; 1960, -$3.4.

Employee compensation consists of wages, salaries, and supplements.Net interest is net interest component of national income.Capital consumption allowances consist of depreciation, capital outlays charged to current expense, and accidental damage

to fixed business property.Indirect business taxes consist of indirect business tax and nontax liability and business transfer payments.Profit-type income consists of corporate profits after inventory valuation adjustment, proprietors' income, rental income

of persons, and surplus of government enterprises, less subsidies.Capital consumption allowances and profits by industry differ somewhat from the hitherto published figures because

these two items have been reallocated by industry from a company to an establishment basis."Less than $50 million.


tivity to the Nation's total output ofgoods and services, as encompassedwithin the framework of the nationalincome and product accounts.

Industry gross product

Industry gross product can be meas-ured as the amount by which an indus-try's total product exceeds the value ofthe materials and services it buys oncurrent account. As in the case ofGNP for the economy as a whole, in-dustry gross product can also be calcu-lated as the sum of the factor returnsand non-factor costs of production.

Gross product at factor cost and atmarket price

Under the definitions used for theU.S. national accounts and for thisstudy, gross product originating in anindustry is measured at its marketvalue rather than at "factor" cost.That is, indirect business taxes (excisetax, property tax, sale tax, etc.) areincluded in the value of industry prod-uct and direct government subsidiesare subtracted. On a "factor" cost-basis, these taxes would not have beenadded and subsidies would not havebeen subtracted. Since the marketprice basis is used, the estimates of

industry gross product are consistentwith the regularly published GNP totals,Consequently, the analysis of the totalin terms of its industrial source is facil-itated. In addition, the market pricebasis is preferred since most of the dataavailable are of this type.3

The effect of including indirect busi-ness taxes and subsidies increases theweight for the industries paying the taxand reduces it for those receiving sub-sidy. The amounts involved are, ingeneral, small enough so that the dif-ferences in weights have little effect onaggregated indexes.

Gross product in constant dollars

Isolation of price movements in anindustry's gross product brings intoview the underlying shifts in real grossproduct. For many analytical pur-poses, gross product in real terms is thecentral issue and it is essential to trans-form the current-dollar totals accord-ingly.

The gross product of an industrymeasured from the income side is notdirectly convertible to constant dollarsbecause its components, employee com-

3. In converting gross product at factor cost to constantdollars, it is essential to know not only the taxes paid bythe given industry, but also those which are incorporatedin its intermediate purchases. Such data are not available.

pensation, interest, profits, deprecia-tion, etc. are not factorable into quan-tity and unit price suitable for thispurpose. Gross product can be adjustedindirectly for price changes, however,by deflating output and purchases,separately. Both the output and thepurchases consist of specifiable goodsand services which can be analyzed intoquantity and price. The differencebetween the two deflated figures is grossproduct in constant dollars. Thismethod is known as the " doubledeflation" method. With modifica-tions, it provided the basis for derivingthe real product measures used in thisstudy for farms, construction, manu-facturing, the major portions of financeand insurance, electric utilities, andrailroads.

The array of data required for doubledeflation was not available for the otherindustrial activities. In these casesthe method was approximated byextrapolating the base year gross prod-uct by an index of the quantity of totaloutput—i.e.,sales plus inventory changebefore deduction of purchases of rawmaterials and other intermediateproducts.

With the availability of industrygross product in current and constantprices, it is possible to calculate implicitdeflators for each industry. This isdone by dividing the constant-dollartotal into the current-dollar total.These implicit deflators can generallybe used like a price index of the outputproduced by the economic resourcesengaged in an industry. In using themcertain of their technical characteristicsought to be kept in mind. In the firstplace, they are unlike ordinary priceindexes in that they are subject tochange not only in response to pricemovements, but also in response tochanges in the mix among productswith different prices. This charac-teristic is also true of the GNP pricesby final purchasers. In addition, theunits to which these implicit deflatorsrefer are more elusive than those under-lying the ordinary price indexes re-ferring to goods and services. Theseimplicit deflator indexes measure thepercent that the gross product—salesminus purchases—of an industry in agiven period is compared to the grossproduct which the same composite of

Table 7.—Implicit Price Deflators of Gross Product and Component Costs and Profit per L nit of Gross Product in Constant (1954) Dollars,by Industry

[Index numbers, 1954 = 100]

1947194819491950195119521953195419551956 _ _ __1957195819591960 _ _ -

19471948194919501951195219531954195519561957195819591960

19471948194919501951195219531954 _ _ __19551956 - .1957195819591960

194719481949 _ _ _19501951195219531954195519561957195819591960

19471948 _ .- _ -194919501951195219531954195519561957 _ _19581959I960

1947194819491950195119521953195419551956195719581959I960.

All industries total (GNP)

GNPmplicitprice

leflator

83.088.588.289.596.298.199.0

100. 0101.2104.6108.4110.8112.6114.4

Em- !ployeecom-

pensa-tion

45.648.148.148.552.855.256.657.257.060.562.564.165.066.7

Net in-terest

1.31,.41.61.71.82.02.22.52.62.93.33.73.84.1

Capitalcon -

sump-tion

allow-ances

4.65.35.96.06.46.87.27.98.18.69.29.69.69.8

Indirectbusi-nesstaxes

6.87.27.77.77.88.38.68.68.79.39.8

10.210.411.0

Profit -type

income

23.326. 824.725.827.125.524.123.524.423.923.723.524.523.4

Mining

74.191.088.693.295 994.896.0

100. 0103. 8105. 4103.6102. 9100. 0101.9

36.539.339.238.640.241.741.438.538.740.242.041.239.639.8

(*)<*)(*)(*)(*)(*)(*)(*)

88

.9

.9

14.118.021.522.723.726.028.332.333.033.033.034.334.036.1

3.54.55.15.75.26.37. 18.39.48.98.99.8

10.411.1

18.828.121.526.125.819.819.218.822. 623.221.417.616.014.8

Durable goods industries

75 281.285.987.993.996.298.3

100.0102.1108.0113.8116.3

nana

56.059.459.858.363.568.370.872.571.078.882.387.3

nana

(*)(*)(*)

. 2-'.2

(*)

?1(*)'!'.3nana

2.93.54.03.53.74.34.86.05.96.57.28.4nana

2.93.54.03.74.04.14.54.55.05.15.55.7nana

11.815.618.422.822.219.217.916.820.018.318.915.3

nana

Finance, insurance and real estate

72.076.580.982.685.690.997.0

100.0100. 2101.1104.5107. 4110.3112.1

15.316.416.216.917.518.520.021.121.622.822.923.824.825.4

5.55.05.25.46.26.67.58.59.39.8

10.712.013.313.9

9.19.69.9

10.110.610.912.012.613.013.614.014.615.015. 5

12.112.713.013.413.714.715.516.216.417.517.818.218.919.7

28.733.136.537.137.139.541.441.439.438.138.839.238.938.4

Railroads

76.386.2

100.093.194.8

104.4106.8100.095.795.9

102.2102.498.897.7

55.761.773.064.466.772.273.972.865.668.072.573.572.170.9

3.13.24.13.43.13.33.43.73.23.13.33.63.53.5

4.14.35.44.66.37.89.1

11.110.810.311.012.010.510.5

6.26.48.16.97.37.89.18.67.58.29.99.68.18.1

6.210.69.5

13.811.513.311.44.97.58.26.64.84.73.5

Services

74.777.981.083.290.194.798.2

100.0104.7107.6112.4114.8119.8120.9

41.142.944.144.548.250.652.053.154.756.859.261.263.565.7

3.54.85.86.87.78.4

10.210.611.712.613.413.614.114.9

3.94.45.14.85.45.96.06.86.46.87.37.77.87.8

3.23.13.13.23.23.43.63.23.13.43.33.73. 83.8

22.123.523.423.924.925.626.426.028.528.829.129.131.329.6


Im-plicit Iprice

deflator

120.3121.4103. 6105. 0128. 6119. 8106. 9100. 092.493.294.9

103. 297.797.8

I m-pl >yeec >m-icnsa- !tion

17.516.916.714.916.916.215.715.014.315. 115.816.116.616.3

Net in-terest

1.72.02.12.52.63.02.92.83.13.23.74.14.64.8

Cap i t a lcon-

sump-tion

allow-ances

9.010.012.513.416.916.816.716.416.116.417.717.919.418.5

Indirectbusi-nesstaxes

4.03.54.24.04.85.14.94.74.95.05.66.05.96.2

Profit-type

income

88.189. 668.270.387.378. 766.260.653. 853.052.659.651. 252.4


73.882.881.884.689.496.599.4

100. 0101. 6107.7114.1117.4119.4126. 6

50.055.253.355.761.266.168. 669.469.473.877.681.082.788.8

(*)(*)(*)(*)(*)(*)(*)(*)(*)(*)

.5

.5

.5(*)

2.53.03.64.04.14.14.74.65.45.66.36.56.67.4

1.6.7

1.52.01.81.82.32.32.72.63.13.33.64.3

18.923.123.423.522.424.023.823. 123.725.627.626.627.027.1

Nondurable goods industries

85.989.486.689.197.797.398.9

100. 0101.4103.4104. 1101.5

nana

50.753.152.754.758.058.761.063.161.263.764.662.8

nana

(*)(*)(*)(*)(*)(*)(*\2(*)

.2

.2

.4nana

3.43.84.34.44.95.25.76.67.27.48.08.2nana

12, 512.312.412.812.114.414.213.613.614.314.714.6

nana

17.520.417.217.422.318.917.216.319.318.716.816.1

nana


70.974.185.481.286.493. 4

101.8100.095.394.2

100.7106. 3111.1113. 1

48.149.450.652.153.457.561.561.961.263.567.170. 172.574.4

-3.8-8.2-7.9-9.4-8.7

-10.4-10.1—11.0-10.9-12.4-13.6-13.9-14.4-16.3

1.32.42.22.12.92.82.83.43.12.93.64.23.94.4

5.14.75.65.25.86.66.46.86.26.67.16.97.27.5

19.025.933.730.233.035.840.438.135.734.337.138.942.544.4

Communications

78.678.783.390.094.498.3

105.0100.095.996.298.8

102.3105. 4105. 1

47.648.950.050.051.953.456.753.852.153.252.451.250.050.0

2.42.12.12.01.91.71.71.51.42.52.42.33.33.1

7.18.58.38.09.38.6

10.09.29.68.99.5

10.510.911.2

14.314.914.616.016.717.218.313.811.011.411.912.813.013.3

7.16.48.3

14.016.717.220.018.521.920.321.425.628.328.6

Households and institutions

74.479.380.483.288.394.298.2

100.0101.6104.4108.5112.4115.9120.5

62.264.463.062.466.068.368.568.168.868.971.675.277.579.5

12 214.917.420.822.326.029.731.932.835.636.937.238.441.0

Farms

Im-plicitprice

deflator

122. 5123.3105. 5106. 2130.4121.3107.2100. 091.692.394.2

101.996.295.9

Em-ployeecom-

pensa-tion

16.615.515.814.015.514.914.413.312.612.913.613.914.413.8

Net in-terest

1.82.12.22.62.83.23.13.03.33.33.94.34.85.0

Capitalcon-

sump-tion

allow-ances

9.510.413.114.017.117.617.417.216.817.218.018.219.218.3

Indirect ,busi-nesstaxes

3.63.64.44.15.04.84.64.94.75.35.35.75.86.0

Pro fi t -t \ pe

income

91. 191.770. 572.089. 580.967.261.654. 253. 652.960.351. 952.3

Manufacturing

80.185.086.488.495.596.798.7

100. 0101.7105.9109. 6109. 3111.4112.3

53.556.556.356.761.264.266.868.566.872.374.675. 775.576.7

(*)(*)(*)

-!i(*)(*) .1(*)(*)

.2

.3

.2

3.13.54.04.04.24.75.26.26.46.97.68.37.88.0

7.37. 68.17.87.58.38.58.58.59.09.59.99.7

10.5

14.617.817. 820.422.319.017.816. 619.718. 518.015.619.117.7


86.693.492.388.198.098.798.0

100.0100.1103.6108.4110.9112.2114.2

43.947.948.346.250.852.253.455.554.557.861.063.163.266.4

(*)(*)(*)(>).2

.2(*)

.2

.1

.1

.3

.3

.3

.1

3.03.54.24.14.64.95.05.25.15.76.36.36.26.4

9.910.811.311.412.413.113.513.813.815.016.317.117.418.8

28.331.628.226.829. 528.025.424.926.325.724.824.726.023.3

Transportation

79.887.192.987.889.197.9

102.1100.097.599.0

105.3108. 3103.8104.7

56.160.263.957.859.465.468.969.465.068.172.574.673.074.3

1.71.81.91.71.51.61.61.72.01.41.92.11.92.3

5.86.47.77.27.48.9

10.011. 111.311.413.014.013.314.0

6.47.08.47.27.48.48.98.98.99.0

10.110.48.58.9

8.712.311.013.912.913. 112. 18.39.9

10.08.27.38. 16. 5

Public utilities

95.293.6

102.094.897.097.298.7

100.095.793.394.695.793.894.2

38.138.340.036.234.835.236.434.933.031.731.532.831.030.4

7.16.46.05.26.15.66.57.26.46.77.27.87.88.0

14.312.814.013.813.614.114.316.918.118.318.919.819.419.6

14.314.914.013.813.611.311.712.011.711.511.712.112.412.3

23.823.428.025.928.829.629.928.927.726.024.323.324.825.4

Government and government enterprises

73 975.679.981.987.494.197.6

100.0104.4108.1114.2122.6127.6133.2

71 374.178.581.686.892.795.498.1

103.3108. 6114.0122.3126.6132.2

2.31.91.4. 7.3

1.32.21.91.1

_ 55

.31.31.0

October 1002 SUEVEY OF CURRENT BUSINESS

Table 7.—Implicit Price Deflators of Gross Product and Component Costs and Profit PerUnit of Gross Product in Constant (1954) Dollars, by Industry—Continued

[Index numbers, 1954=100]

19471948194919501951 __.19521953

1954195519561957195819591960

General government

Implicitprice

deflator

73.276. 381 283.988.693.497.0

100.0105. 6111.3117.2125. 7130. 5136.3

Em-ployee

compen-sation

73.276 381 283.988.693.497.0

100.0105. 6111.3117.2125. 7130 5136 3

Netinterest

Capitalcon-

sump-tion al-

lowances

Indirectbusiness

taxes

Profit-type

income

Rest of the world

Implicitprice

deflator

72.783.376.985.7

107.7100.092.9

100.0100.0100.0100.095. 595.7

100.0

Em-ployee

compen-sation

(*)(*)(*)(*)(*)(*)(*)

(*)(*)(*)(*)(*)(*)(*)

Netinterest

9. 18.3

15 414.315.415.414.3

12.511.110.013.613.617.417.4

Capitalcon-

sump-tion al-

lowances

Indirectbusiness

taxes

Profittype

income

63.666.761.571.492 384.678.6

87.588.990.086.481.878.382.6

NOTE.—Calculated by dividing the total gross product in current dollars and each gross product component (table 6)by the corresponding gross product in constant (1954) dollars (table 4), and due to rounding may differ from deflatorshitherto published for farms, households and institutions, and general government. The sum of the component costs andprofits per unit of real gross product equals the implicit price deflator except for the statistical discrepancy which is includedin the total gross product but not in the components.

"Less than 0.05.Source: U.S. Department of Commerce, Office of Business Economics.

sales and purchases would have yieldedin the prices of the base period.

The following example will clarifythe concept. In this example, the cur-rent-dollar gross product is $500 ($600— $100). The gross product for the samecomposite of sales and purchases inthe prices of the base period would haveyielded $150 ($200 —$50). The implicitdeflator is accordingly $500 divided by$150, or 333.3 in index number form.It may be noted that the implicit pricedeflator increases more than sales pricesin this instance. This is so becausepurchase prices, which enter the im-plicit deflator with negative weights,increase less than sales prices.

Periods

n i

SalesPurchases _

Quantities Prices Prices100 $6 $250 2 1

Effect of base period weights

The base period, 1954 in this report,selected for the conversion of output incurrent dollars to "real" terms orconstant dollars may have an impacton the trends in real gross product.The deflated inultiproduct total output(or intermediate purchases) of an in-dustry can be considered as an aggre-gate in which the annual physicalquantity of each product is multiplied,or weighted, by the price per unit forthat product prevailing in the base year.

A weighted index can vary somewhat658343—62——3

depending on the period to which theweights refer. A production index withunit prices as weights will generallyshow a greater increase (or smallerdecline) if the weights refer to an earlyyear than to a recent year. Thisphenomenon occurs because as theproduction of a good rises rapidly, itsprice tends to lag behind the prices ofother goods (declines more rapidly orrises more slowly). In such cases, theprice of the expanding product ishigher relative to other prices in theearly period than it is in the laterperiod. Thus, the early price givesmore weight to the rising output thanthe later period price does.

Quality changes as reflected in in-dustry gross product

One further aspect of real productneeds to be mentioned, and that con-cerns the issue of quality changes.This problem is among those dominat-ing the discussion of price and produc-tion measures. However, it will benoted here only briefly. There is aconsensus that improvements in thequality of goods and services should bereflected in the measures of real output.There is also widespread agreementthat the existing price and productionindexes do not fully account for changesin quality. If it is agreed that qualityimprovements have occurred, then thereal output measures presented hereunderstate somewhat the "true" gain

that would have been shown if moresatisfactory price and quantity meas-ures had been available. Not onlymay a general understatement prevail,but, if quality advanced at an unevenpace, the relative importance of indi-vidual industries may be affected.

Relationship of industry gross prod-uct to other GNP data

We have already noted that a majorpurpose of this study is to developmeasures of the industrial origin of theexisting series on gross national product.Consequently, the industry gross prod-uct data were constructed using con-cepts identical to those of the hithertopublished national income and productseries, with one important exception.In the GNP accounts, property incomeand capital consumption allowancesare on a company basis. Labor andmixed and incomes are generally on anestablishment basis. A consistent es-tablishment classification woidd be pre-ferable but has not been carried throughpartly because of conceptual difficultiesand partly because the data were not-sufficient to make the reallocations inthe detail required for the nationalincome tables. However, for the broadindustry categories used in this study,profits and capital consumption allow-ances were distributed by establish-ment despite the element of arbitrarinessinvolved.

Relationship of real product indexesto other output measures

Measures of the volume of industrialproduction have been published formany years by various agencies of theFederal government. The following isa brief comparison of the industrygross product data with these otherseries.

The indexes of industrial productionpublished by the Federal Reserve Boardare closely related to but neverthelessdifferent from the data on real product.The FRB indexes for an individualindustry represent the total output ofthat industry whereas the real productmeasures deduct intermediate pur-chases. Trends in total output willnot be the same as trends in grossproduct if there are technological orother changes which result in differentrequirements for purchases of materials.


There are such other differences as (1)FRB indexes cover the output ofmining-, electric and gas utilities, andmanufacturing, while real product en-compasses the whole economy; (2) theFRB uses a 1957 weighting pattern forthe data since 1952, and other weightsfor earlier periods; the real productindexes use a 1954 pattern; (3) FRBweights are the Census Bureau value-added weights while the indexes in thisstudy use gross product originating;and (4) FRB methods for measuringthe quantity of output in general dif-fer from those used in the calculation ofreal product. Generally, these differ-ences are more significant at the de-tailed level than for broad aggregates.

The chart on page 13 shows the manu-facturing components of the real GNPand of the FRB index of industrialproduction. As can be seen from thechart, the broad movements of the twomeasures are quite similar but there aresome differences in year-to-year changesand also for the longer term. In par-ticular, the FRB index has increasedmore in recent years than its GNPcounterpart. The causes of the differ-ences will require detailed investigation.One of them, however, is already ap-parent and should be noted here.

A large part of the difference inrecent years is due to the fact tha t thegross product originating in manufac-

turing measured in current dollars (asthe sum of employee comepnsation,corporate profits, etc.) has increasedless over this period than the current-dollar value-added compiled by theCensus Bureau which underlies thephysical quantities providing the FRBindex with its benchmark.

In order to derive a series of constant-dollar gross product for manufacturingthat is most closely tied to the statisticalsources and methods used in calculatingthe GNP, the following procedure wasused: value-added in both current andconstant dollars was calculated usingCensus data, and the implicit pricedeflators derived from these calculationswere applied to current-dollar grossproduct in manufacturing as includedin the national income accounts toderive the manufacturing component ofreal GNP.

Production indexes have also beenprepared by the Bureau of Labor Sta-tistics of the U.S. Department of Labor.As part of its program for the measure-ment of productivity indexes, the BLShas issued basically two types of pro-duction series. The first includes agross product series for manufacturingsimilar to that used in this study.There are differences, however, inweighting and detailed methodology.The other series, covering a selectednumber of industries, provides indexes

of total output and do not "net out"intermediate purchases.

The "value-added by manufacture"in current dollars published by theBureau of the Census of the U.S.Department of Commerce differs fromgross product originating in manufac-turing. The difference arises primarilybecause the Census value-added ex-cludes excise taxes paid by the industryand is net only of purchases of materialsbut not services. The current-dollargross product estimates exclude allintermediate purchases and include theexcise taxes.

The Census Bureau also publishesproduction index data which representchanges in the quantity of production.These indexes, compiled after eachCensus of Manufactures since 1947,serve as benchmarks for the FRBannual and monthly indexes and areconceptually consistent with them.That is, they are primarily indexes oftotal output for individual industriescombined to broader industrial group-ings using value-added for the baseperiod as weights.

A detailed description of the methodsused to prepare the gross productseries in current and constant dollars isavailable upon request to the Office ofBusiness Economics.

New and Revised SerifS Building Cost Index: Revised Data for Page S-10 1

[1957-59 = 100]

Year

1925lit' >»!1)279289̂ 99301931932933934935930937 ..938939940941942943944945940 ..94794S949950951952953954955195019571 958195919(5019(51

January

34 734.9

35 33(5 030. 134. 328 0

30 431. (i31. 935. 237.737. 238.239 541.243.043.944 94(5. 055. 9(53. 307 407. 074 (577. 080. (582. 88(5.991. 295. 298. 1101 7105. 210(5. 8

February

31 o34 835 935 530 035.834 527 92(5 930 (531.432. 035.437.837. 238.239 541.443.144.045 14(5. 357. 253.7>7 0>7. (5"5 (57 1SO. 782. 987.291.795 497.9101 9105. 410(5. 8

March

35 035. 035 535 53(5 035. 934 227 72(5 730 731 132. 235. 037. 837.338. 239 441.543. 044. 145 14(5. (557. 5(53.4(5(5 9(58.375 877 380. (582.987.291.795 197.9102 5105.3106. 8

April

35 034.935 335 830 035.833.725 72(5 831 031 132.337.037 037.338.239 (541.743.244.545 248.357 9(53. 5(5(5 7(58. 875 977 480.983.087.492.195. 198.0103 0105 5107. 2

May

34 734. 835 230 13<i 335.733 125 927.331 931 032. 337.437.537.338.239 741.843.244.545 '>49. 057.8(53. 4(5(5 2159. 170 177 880.983. 187.892.595. 498.4103 3100.2108. 0

.lime

34 734 535 235 (53(5 435. 232 220 127 231 931 332. 337.837 037.338.339 742. 043.244 (545 450. 358 364.4(50 370.87(5 178 380.983.488.292. 795 798.9104 0100 4108. 2

July

34 735 034 935 (53(5 434.831 12(5 527 432 131 432 437. 93(5 937.338. 339 942.443.244 745 550. 758 0(55. 0(5(5 371.77(5 078 (582 (584.388.792.89(5 199.5104 7106 7108. o

August

34 735 135 435 030 634 830 426 427 732 031 533 038.136 937 338.340 342.843.444 845 551.7(50 3(57 4(56 072. 775 980 182 986 490.793.298 199.7105 2106 7108. 3

September

34 %)

35. 135 035 636 334. (530.326 529.332 331 533.138. 137.037. 338. 540 742.843.944.845 551.761.267.7(5(5 874.475 980 582 786.290.994.997 9101. 5105 5106 8108. 4

October

34 535. 735.435 636 134.530. 026. 629.832.331.733.338.137. 137.738.741 042.943.944.845 651.862.167. 7(57 075.476 580 (582.786.491. 194.898. 1101.8105 4106 5108. 3

November

34 635.735.135 830 134.529.926.530.232.331.733.338.037.138.239.141 143.043.944.845 652.062. 5(57. 5(57 074.076 780 882 786. (590.995.098 1101. 5105 1106 5108 3

December

34 735.735. 136 036 134.529.226 630.532.331.734.038.037.238.239.541 143.043.944.945 753.163.267.567 074.377 080 682 (586 790 894.998 0101 5104 9106 5108 2

Monthlyaverage

34 735 135 335 736 235.231 926 728 031 631 532 737. 237 337 538. 540 142 243.444 545 449 859 465 466 771.27(5 078 881 784 688 993 196 599 5103 9106 1107 8

i Source: Engineering News-Kecord. Revised to reflect data as of 1st of indicated month and shift to 1957-59 reference base. Monthly averages for 1913-24, respectively, are as follows:19.0; 17.4; 18.1; 24.8; 31.6; 30.2; 30.1; 39.3; 31.5; 29.4; 35.3; 35.2.

ictobor 10C2 SUEVEY OF CURRENT BUSINESS 19

Consumer Price Index (U.S. Department of Labor): Revised Data for I*age S-7 ]

[1957-59=100]

Year

nnual average:193519361937193819391940 ..

1941 .194219431944__194519461947

Allitems

47.848.350.049.148.448.8

51.356.860.361.362.768.077.8

Special group indexes

All itemsless food

52.553.054.955.555.155.3

56.960.962.665.066.569.475.8

All itemsless

shelter

46.146.748.246.846.046.3

49.155.359.560.562.168.479.4

All commodities

Total

45. 045.647.445.644.745.1

48.255. 260.160.862.669.483.4

Non-durables

44.545. 146.844.743.844.3

47.454.359.059. 561.268.082.0

Dura-bles

48.148.851.952.851.751.3

54.862.264.370.275. 579.085. 6

Services

53.253.855.456.556.656.8

57. 559. 360.461.962. 763.966. 5

Year

Annual average:194819491950195119521953

1954195519561957195819591960

Allitems

83.883. 083.890.592.593.2

93. 693.394.798.0

100.7101. 5103. 1

Special group indexes

All itemsj less food

!

81.382. 183.188.490.592.3

92.893.194.797.9

100. 1102. 0103. 7

All itemsless

shelter

85.684.184.791.893.693.9

93.993.494.797.8

100.7101. 5103.0

All commodities

Total 1

89.487.187.695. 596.796.4

95.494.495.3 j98.4

100.7101.0101.7

Non-durables

88.085.485.994. 095.194.9

94.894.195.498.4

101. 0100. 6101.9

Dura-bles

91.993.294.2

101. 4102.7101. 6

97.794.994.998.299.7

102. 0100. 7

Services

70.774.076.480.484.087.5

89.891.493.497.0

100. 3102.7105. 6

Montli

anuaryFebruaryvlarch\_prilvlayune

uly\ugustSeptember)ctoberNovemberDecember

Average

Month

JanuaryFebruaryMarchApril _._May. _ .-June -

JulyAugust _SeptemberOctoberNovemberDecember

Average

Month

JanuaryFebruaryMarchAprilMayJune..

•JulyAugustSeptemberOctoberNovemberDecember

Average

All items I

1957

96.396.796.997.297.598.0

98. 598.698.798.799.199.1

98.0

1958

99.799.8

100.5100.7100.7100.8

101.0100.8100.8100.8101.0100.8

100.7

1959

100.9100.8100.8101.0101.1101. 5

101.8101.7102.0102.3102.4102.3

101. 5

1960

102. 2102.4102.4102.9102.9103.1

103.2103.2103. 3103.7103.8103.9

103. 1

Food — Continued

Meats, poultry, and fish

1957

89.891.991.292.594.096.9

99.3101.5100.096.494.896.1

95.4

1958

99.9101.5103.7105.1105.7107.3

108.1106.7105.0103.9102.9102.4

104.4

1959

103.2102.1100.9101.1101.2101.2

101. 599.6

100.198.897.896.6

100.4

1960

96. 596.397.299.199.5

100.0

100. 5100.999.999.799.6

100.2

99. 1

Medical care

1957

93.693.894.494.795.095.4

95.895.996.296.797.197.4

95.5

1958

98.198.298.598.899.499.8

100.3100.6101.4101.8102.0102.1

100.1

1959

102.4103.1103.3103.5103.9104.2

104.5104.8105.3105.5105.9106.0

104.4

1960

106.2107.1107.3107.6107.9108.0

108.2108.4108.6108.9109.3109.3

108.1

Apparel

1957

99.399.099.699.399.399.4

99.399.4

100.1100.5100.7100. 4

99. 7

1958

99.799.699.699.599.599.5

99.599.499.9

100.1100.5100.3

99.8

1959

99.599.599.899.8

100.1100.1

100.3100.7101.7102.1102.1101. 9

100.7

Total

1960 1957

100. 7101.1101. 5101.6101.6101.6

101.8102.0103.2103.5103.3103.2

102. 1

95. 696.395.996.497.198.5

99.599.999 298.698.398.4

97.8

1958

100.2100.6102.4103.1103.1103.1

103.1102.3101.9101.4101.2100.6

101.9

1959

100.8100.299.799.799.7

100.8

101.2100.3100. 6100.399.999.8

100.3

1960

99.799.599.7

101.3101.4101.9

102.2101.8101.9102.5102. 6102. 9

101.4

Fo ul

Dairy products | F ru i t s and vegetables

1957

98.298. 197.897.697.297.2

97.698.599.9

100.9101.1101.2

98.8

1958

101. 2101.1100. 899.498.898.7

99.399.8

100.8101.1101.1101. 0

100. 3

1959

100.8100.7100.599.799.599.2

100.1100.8102.0102. 6102. 5103.1

101.0

1960

102. 9102.9102.8101.9101. 6101.6

102.3103.0103.8104. 6105.0105.4

103.2

1957

94.694.393.996. 099. 1

102. 6

102.798. 192.992.692.792.2

96.0

1958

98.6100. 6105.7110. 5111.2108. 7

106. 7101. 197.797.998.097.2

102.8

1959

98. 598.197.7

100. 0101.6108.8

105. 8101.6100.4100.799.8

101. 5

101.2

I960

101. 7101.9101.1105.1107.5110. 1

108. 7103.0100. 8101.0102.1102. 2

103.8

Housing

Total

1957

97.197.698. 098.298.398.4

98.498.699.199.399.599.6

98.5

1958

99.799.8

100.0100.2100.2100.2

100.2100.3100.3160.3100.4100.5

100.2

1959

100. 5100. 8100.9100.9101.0101.1

101.2101.4101.7102.0102.3102.3

101.3

1960

102.5102.9103.0103.1102.9103.0

103.0103.1103.5103.7103.6103.8

103.1

Personal care

1957

95.395.795.996.396.397.0

97.397.597.798.598.999.1

97.1

1958

99.899.9

100.2100.3100.3100.4

100.6100.6100.5100.5100.8100.7

100.4

1959

101.0101.3101.2101.5102.0102. 3

102.5102.8103.1103.4103.6103.7

102. 4

1960

103.6103.5103.6103.7104.0104.0

104.1104.4104.5104.6104.5104.4

104.1

Gas and e ectricity

1957

96.396.496.496.496.396.3

96.397.297.597.698.098.0

96.9

1958

99.299.499.499.599.9

100.3

100.3100.8101.2101.3101.3101.4

100.3

1959

101. 4101.6101.6101.4101.8102.3

102.5103.0104.3104.4104.4105.2

102.8

1960

105. 7106.3106.4106.7106.9106. 9

107.0107.1107.8107.8107.8107.7

107. 0

Reading and recreation

1957

94.995.095.496.596.296.5

97.197.297.897.998.899.0

96.9

1958

100.7100.7101.0101.0100.7100.8

100.7100.8100.7100.7101.0100.9

100.8

1959

101.0101.1101.3101.6101.7102.0

102.8102.8103.3103.4103.6104.0

102. 4

1960

103.9104. 1104.4104.6104.8104.6

105.0105.3105.4105.3105. 8105.6

104.9

l lousefurnishings

1957

99.9100.9100.8101.0100. 1100.5

100.099.8

100. 7100.7100.4100.8

100. 5

1958

100.1100.899.899.999.9

100.0

99.999.299.599.399.499.5

99.8

1959

99.199.799.799.799.6

100.0

99.999.599.9

100.0100.3100.1

99.8

1960

99.9100.2100. 6100. 6100.2100.2

100. 099.4

100.099.999.999.8

100.1

Transportation

1957

94.895.495.996.296.096.0

96.496.596.596.499.498.6

96.5

1958

98.498.398.498.298.498.6

99.6100.1100.3101.3102.6102.4

99.7

1959

102.3102. 4102.8103.1103.2103.5

103.8104.1103.9105.4105.7105.5

103.8

1960

104.8104.7104.0103.7103.3103.5

103.5103.8102.7103.7104.0104.0

103. 8

Rent

1957

97.697.697.797.898.098.2

98.398.598.798.999.199.4

98.3

1958

99.599.699.799.9

100.0100.1

100.2100.4100.5100.6100.7100.9

100.1

1959

100.9101. 1101.2101.3101.3101.5

101.5101.7101.8102.1102.2102.4

101. 6

I960

102. 5102. 5102.7102.8102.8103.0

103.1103.2103.3103. (5103.8103.9

103.1

Other goods and serv ces

1957

97.297.397.597.597.697.8

99.499.599.599.599.599.5

98.5

1958

99.799.799.899.899.899.8

99.899.899.899.999.999.9

99.8

1959

99.9100.099.9

100.6100.8101.4

102.7102. 9103.2103.3103.3103.4

101.8

I960

103.5103. 5103. 4103. 5103.5103.6

103.8103.9104.2104. 2104.2104.2

103. 8

1 Data reflect conversion of the Consumer Price Index to the 1957-59 = 100 reference base period. Mont lily and annual figures for earlier periods not shown here are available upon re-quest from the Bureau of Labor Statistics, U.S. Department of Labor, Washington 25, D.C.ep

Source: U.S. Department of Labor, Bureau of Labor Statistics.

Wholesale Price Index (U.S. Department of Labor): Revised Data for Page S-8 J

[1957-59=100]

Year

Annual average:192619271928192919301931193219331934

193519361937193819391940194119421943

All com-modities

54.852.353.052.147.339.935. 636.141.0

43.844.247.243.042.243.047.854. 056.5

By stasje of processing

Crudematerials

forfurther

processing

60. 858.660. 259.251.239.933.434.441.7

46.848.651.643.842.743.750.761.268.1

Inter-mediate

materials,supplies,

etc.

52.149.149.248.942.635.930.834.037.9

38.339. 544.439.340.141.245.248.248.3

Finishedgoods

56. 653.754. 253.549.843 639.839 944.2

46.546.449 346.545.546.150.455.856.7

By durability ofproduct

Non-durable

goods

Durablegoods

Com-modities

otherthanfarm

productsand foods

56. 553.152.451.748.142.439.740.244.2

44.044.948.146.146.046.850.353.954.7

Year

Annual average:194419451946194719181949195019511952

195319541955 .19561957. .1958195919601961

All com-modities

56.957.966.181.287.983.586.896.794.0

92.792.993 .296 299.0

100.4100.6100.7100.3

By stage of processing

Crudematerials

forfurther

processing

68.871.081.8

100. 8110.595.6

104.2119.6109.9

101.5100.696.797.299.4

101.699.096.696.1

Inter-mediate

materials,supplies,

etc.

49.049.957.776.582.779.483.093.090.3

90.891.393.097.199.499.6

101.0101.0100.3

Finishedgoods

57.157.665.780.186.484.085.593.693.0

92.192.392.595.198.6

100.8100.6101.4101.4

By durability ofproduct

Non-durablegoods

93.4100. 091 394.9

106.6101.7

98.398.196.196,999.4

101.099 699.999.6

Durablegoods

64. 871.573.075.983.283.6

85.286.089.595.498.699.6

101.8101. 7101.3

Com-moditi

otheithanfarm

prodticand foo<

5^5(617t818(K9181

9C9C92969S9S

101101100

Month

January.._February-MarchAprilMayJune

JulyAugustSeptember -OctoberNovember..December. _

Average..-

All commodities

98.498.598.498.798.698.9

99 599.799.499.299. 499.8

1958

100.1100.2100. 8100. 5100. 6100.4

100.4100. 3100.3100 2100. 4100.4

100. 4

100. 6100.6100. 7101. 0101.0100.8

100. 6100. 3100. 8100. 3100.1100.1

100. 0

1960

100. 5100. 5101.0101.0100. 8100. 6

100. 8100. 4100. 4100. 710(1. 7100. 6

100. 7

Farm products

1957

97.596.996. 998.997.799.2

101. 3101.599. 399.9

100.3101. 1

99.2

1958

102.3104. 9109.7106. 7107. 5104. 4

103.7101.7101.6100. 8100. 598.9

103. 6

1959

99.999.599.1

100. 999. 198.0

96. 595. 197.094.493.293. 8

1960

94.495.098.799.598.797.2

97.094.595.797.798.196. S

Foods, processed

96.796. 396 296.797.398.4

99.499.098.897. 898 899. 6

1958

101. 5101.9102. 7103. 4104. 7105. 3

104.5103. 2103. 0102. 0101.5100. 9

1959

100.899.899 499.499.9

100. 2

99.798.1

100. 098.797. 397.1

99.2

1960

97.998.099.699.199.7

100.0

101. 1100. 1100. 3101.2101. 3101. 5

100. 0

Commodities other than farm products and foods

Total

1957

98.999. 199 099.098.998.9

99.399.599. 599. 499. 499. 6

99.2

1958

99. 699.399.399.199. 099.0

99.299.699.799.8

100. 1100. 5

99. 5

1959

100. 7100. 9101.2101.3101. 4101.2

101. 4101.4101.4101.4101. 5101. 6

101. 3

1960

101.7101. 6101.6101. 6101.2101.2

101.2101.2101.0101.1101.0101.0

Chemicals and allied produc

57

.8

.9

.9

.2

.2

.4

.6

.82.4

1958

100. 7100. 6100. 7100.9100.7100.7

100.4100.099. 9100. 2

.3 | 100.2

.6 100. 0

1959

100.299. 999.8100.0100.0100.0

99.999.799.9100.0100. 0100. 0

19«

99100100100100100

100100100100100100


MonthFuel and related products, and

po\verFurniture, other household

durables

JanuaryFebruary..--MarchAprilMayJune

JulyAugustSeptember .OctoberNovember-December—

Average..

101.8104. 7104 4104. 6103. 8102. 6

101.9101. 8101. 7101. 4101.3101. 8

102.7

99.7100. 5100. 799. 899. 397.4

97.398.398.097.697.497.8

98.7

98.098.198.398 397.098.3

99.7101.0101.7101.8101. 7101.8

99. 6

99. 299. 299. 298. 898.999.0

99.499.699. 599.799.8

100. 5

99.4

100. 7101). 5100. 5100. 4100. 2100.1

100.2100. 1100. 1100. 199 899.9

100. 2

100. 3100.3100. 5100. 4100. 5100. 5

100. 7100.5100.4100. 3100.3100. 2

100. 4100. 5100. 6100. 5100. 2100.1

100.1100. 099.999.899.799.7

100. 4 ! 100.1

Hides, skins, and leather-products

1959

93.993.693.994.194. 495 3

96.095.895.595. 695.595.0

94.9

95. 095.195.095.295.495.8

95.895.9

96! 897.798.9

99.4100. 6103. 6112.5113.1113.5

113.9114. 3113.7110. 9106. 6107.2

109.1

107. 6106. 9106. 7107.0106. 2105. 3

105. 1103.8103.2103. 6103.6103.9

105. 2

Lumber and wood products i Machinery and motiveproducts

100. 499.999.499.599.199.1

98.898.297.497.196.896.3

1958 I 1959 | 1960

96.395.895.595.895.996.3

96.698.299.6

100. 099.399.1

97.4

99.7101. 4102.7104.6106. 0106.7

106.1106. 3105. 2104.5102.9103.3

104. 1

103. 5103. 3103. 1102. 8102. 4101. 3

100.598.998.397.496.796.5

100.4

96.296. 696.896.997.097.0

97.497.798.298.799.799.8

97.7

99.899.899.799.899.8

99.999.999.8

100.2101. 0101.2

100.1

101. 4101. 6101. 7101. 6101. 9102.2

102.7102. 8102.9102.7102.7102.7

102.2

1960

102.102.102.102.102.102.

102.102.101.102.102.102.

102.


MonthMetals and metal

products

1957 1958 1959 1960

January--.February.MarchAprilMayJune

100.399.899.598.998.899.2

JulyAugustSeptember _OctoberNovemberDecember

100.4100.9100. 399.499.199.2

Average-.

98.998.797.997.998.0

98.099.499.7

100. 3100. 8100.8

99.1

100.7101.1101.2100.7100.8101.0

100.6100.7101.3101.8102.7102. 3

101.2

102. 5102.3101.8101.8101.6101.3

101.1101.2101.1100.7100.4100.3

Nonmetallic mineralproducts

1957 1958 1959 1960

97.097.597.998.999.299.3

99.499.499.499.499.5

100.2100. 399.499.599.599.4

99.499.4

100.5100. 5100. 5100.6

99.9

100.8101.1101.2

101.7101.0

101.1101.0101.1101.1101.2101.3

101.2

101.7101.6101.6

101.3101.3

101.3101.3101.4101. 5101.3101.3

101.4

Pulp, paper, and alliedproducts

1957 1958 1959 1960

98.298.298.398.298.598.5

99.299.4

100.0100.0100.1

99. 0

99.999.799.799.799.7

100.1100.1100.6100.8100.8100.3

100.1

100.4100. 6100.8101.0100.8101.1

101.1101.1101.1101. 2101.1101.1

101.0

102. 1101.7101.7101.7101.9102.0

102.0101.6101.6101.9101.7101.1

101.8

Rubber and products

1957 1958 1959 1960

100.199.399.699.799.9

100.1

100.0101.4101.1100.999.9

100.6

100.2

100.199.899.899.799.299.5

99.999.8

100.3101.0101.2100.5

100.1

100.2100. 3100.8101.2102.1100.9

100.897.097.797.999.798.0

99.7

98.899.899.999.9

101.0101.2

101.4100.3100.099.999.197.4

99.9

Textile products andapparel

1957 1958 1959 1960

101.2101.1100.8100.7100.8100.9

100.8100.8100. 8100.5100.4100.3

100.8

100.099.499.399.098.898.6

98.698.698.698.598.498.6

98.9

98.699.099.299.499.8

100.3

100.7101.1101.3101.3101.7102.2

100.4

102.1102.0101.7101.7101.7101.7

101.7101.5101.3101.2100.8100.6

101.5

Tobacco products andbottled beverages

1957 1958 1959 1960

96.596. 596 596.896.897.0

99.399.399.399.399.499.6

99.699.699.699.699.699.6

99.699.699.6

100.2100.1100.0

99.7

100.0100.3102.8102.8102.8102.8

102.8102.6102.5102.4102.4102.4

102.102.102.102.102.102.

102.102.102.102.102.102.

102.,

1 Data reflect conversion of the Wholesale Price Index to the 1957-59=100 reference base period. Monthly and annual figures for earlier periods not shown here are available upon request from the Bureau of Labor Statistics, U.S. Department of Labor, Washington 25, D.C.

Source: LT.S.. Department of Labor, Bureau of Labor Statistics.

BUSINESS STATISTICSJL HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY

IF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for majorquarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and referenceso sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk*) and a dagger (|), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly>URVEY beginning with the July 1961 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal'ariation.

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

Jnless otherwise stated, statistics through 1960and descriptive notes are shown in the 1961edition of BUSINESS STATISTICS

1959 1960 | 1961

Annual total

1959

II III IV

1960

I | II III IV

1961

I

Seasonally adjusted quarterly totals at

II | III IV

1962

I II

annual rates

GENERAL BUSINESS INDICATORS^Quarterly Series

NATIONAL INCOME AND PRODUCTf

national income, totalf bil. $

Compensation of employees, total do

Wages and salaries, total doPrivate doMilitary _ . _ _ _ _ _ _ _ _ d oGovernment civilian do

Supplements to wages and salaries do

Proprietors' income, total cf do.Business and professionalcf d(Farm _ _ do

Rental income of persons d(Corporate profits and inventory valuation adj ist-

ment total bil $

Corporate profits before tax, total d(Corporate profits tax liability dcCorporate profits after tax do

Inventory valuation adjustment do

Net interest do

JFOSS national product, totalf do

Personal consumption expenditures, total. .do

Durable goods, total 0 doAutomobiles and parts _ _ _ - . _ _ -do. __Furniture and household equipment. _ _ d o

Nondurable goods, total 0 do.Clothing and shoes doFood and alcoholic beverages doGasoline and oil _ _ do. _

Services total 0 doHousehold operation doHousing „ ._ _ doTransportation _ _ _ _ d o _ _

Gross private domestic in vestment, total do

New construction. cloResidential nonfarm do

Producers' durable equipment ... _ ___ do, _Change in business inventories do

Nonfarm _ - . . do

Net exports of goods and services doExports doImports do

Govt. purchases of goods and services, total, .doFederal (less Government sales) do

National defense 9 doState and local _ do

By major type of product:*!Final sales, total do, ..

Goods output total doDurable goods doNondurable goods _ _ _ . do_ _

Services doConstruction do

Inventory change, total do. _.Durable goods _ _ . _ doNondurable goods do

400.5

278 5

258. 5213. 1

9 935 4

20.1

46. 535 111.411 9

47 2

47 793 294 5— 5

16 4

482 7

313.5

43 018 118.9

147 127.577 711 1

192 818 139. 610 0

72.7

40.222 325.96 66.5

— .822 923.6

97.253.646 243 6

476.1244 091.5

152. 5175 856 3

6.63.53.1

415.5

293 7

271.3222. 9

9.938 5

22 A

46.234.212.011.9

45.6

45.422 493 o

9

18 1

503 4

328. 5

44 818.819.1

151 828.179 511.7

131 919 641.810. 7

72.4

40.721 127.64 13.7

2 926 423.5

99.753.245 746 5

499.4254 195 0

159.2188 6

56 7

4.12.31.8

427.8

302 2

278.8227. 0

10. 241.6

23.4

47.834.813.112.3

45.5

45. 622 393 3

.0

20 0

518 7

338.1

43.717.219.3

155. 228.681 111.9

139 120 643.911. 1

69.3

41.621 025.52 11.9

4.027 323.3

107.457.049 050 4

516.6257 2

94 0163.3200 758 6

2 1.0

2.1

405.6

279 8

259. 7214. 6

9.935.3

20.0

47.235.511.711.9

50.5

51.995 9

?6 6-1.3

16 2

487 8

313.0

44.419. 018.9

147.027.877. 811.1

121 517 939.49.7

79.0

41.123 526.411 511.5

— 1.722 123.8

97.553.946 543 6

476.3244 3

92 4152.0173 958 1

11 58 13.5

400.6

280 2

259. 9214.4

9.935.7

20.3

46.035.410.611.9

46.1

46.522 693 9-.5

16 4

482 7

316. 7

44.918.919.2

147. 727.777 411.3

124 018 239. 910. 2

68.8

41.092 626. 61.11. 1

23 824.3

97.854.046 443 8

481.5247 093 1

153.9177 656 9

1 1-2.0

3.1

403.9

283. 0

262. 5216. 5

9.836.1

20. 6

45. 935.110.811.9

46.0

45. 322 093 3

17 0

488 5

318.8

43 116.919. 3

148.927.878 311.3

196 818 840. 310. 5

73.2

39. 621 326.47.17.0

.023 823.9

96.552.846 143 7

481.4245 791 9

153. 8181 3

54 4

7 12.64.5

413.9

290. 6

268. 5221.6

9.837.1

22.0

45.234.510.711.9

48.6

49.224 394 9— . 6

17 6

501 7

323. 9

45 119. 019.3

150 028.178 511.5

1°8 919 240.910. 6

79.1

40.921 527.410 810.6

1.425 323.9

97.252. 545 444 7

490.8251 3

94 0157.3183 855 8

10 88.62.2

417.2

294.6

272.2224. 4

9.838.0

22.3

46.934.512.411.9

46.2

46.422 993 5_ 9

17 7

504 8

329. 9

45 819. 519.2

152 628. 379 911 6

131 519 641. 710 6

73. 5

40.721 228 4

4 44.1

2 426 524. 2

99.053.145 845 9

500. 4256 2

96 9159 3187 7

56 4

4 42.81.6

416.6

295. 8

273.3224. 2

9.939.1

22.5

46.334.112.211.9

44.4

43. 391 491 9

1.2

18 2

503 7

329. 8

44 518.319.1

152 528.479 511 7

132 819 742 210 6

70.3

40.521 027.72 11.7

2 826 523.6

100.853.645 747 2

501.5254 9

94 8160. 1189 956 8

2 11.01.1

414.4

293.9

271.3221.610.039.7

22.6

46.533.812.712. 0

43.3

42.821 121 7

.5

18 8

503 3

330.5

44 018.318.7

152 327.880 211 9

134 220 042 610 7

66.5

40.720 526.8

—1 1—1.5

4 927 222.3

101.453 645 847 8

504.4254 1

94 2160 0193 1

57 2

— 1 1-3.3

2.2

411.8

294.1

271. 2220. 810.040.4

22.9

46.533.712.812.0

40. 1

39.819 490 3

.3

19.1

500.8

330. 5

40 815. 418.4

153.528.180 311.9

136 220 243.110.9

60.1

39.319 024.4

—3.6-3.9

5.327 422 2

104.855.447 749 4

504.4251 6

90 2161.4195 9

56 8

-3 6— 5.5

1.9

424.3

300. 2

276. 9225. 810.041.2

23.2

47.234.512.712.2

45. 0

44.821 929 9

2

19 8

513 1

335.5

43 516.919. 2

153 928.080 611 7

138 020 643 610.9

67.6

41.020 124.62 11.8

4.026 422.4

106. 056.649 049 4

511.0254 4

92 6161.8199 057 5

2 1-1.3

3.4

431.3

304. 5

281.0228.810.042.2

23.5

48.135.113.112.3

46.0

46.322 623 7-.390 3

522 3

340.1

44 016. 919.7

156.229. 081 511.9

139 920 744.111.1

72.4

42.621 925.84.03.8

2.826.924.1

106.956.548 450.4

518.3257 8

94 3163.5201 359.2

4.03.4.6

444.0

309.9

286. 1232. 510.842. 8

23.8

49.536.013.612.5

51.1

51.425 196 3-.3

21 0

538 6

346. 1

46 619.419.8

157 229. 282 112 1

142 321 044 811.4

76.6

43.222 827.46 05.9

3.828 324. 5

112.159.550 852 6

532.6265 098 8

166. 3206 661 0

6 03.52.5

448.9

315. 2

289. 9235. 011.243.7

25.2

49.136. 212.912.6

50.4

50.124 425 6

.3

21 5

545 0

350. 2

46 31 9. 119.7

159 929. 883 712 1

144 121 345 211 5

75.9

41.621 227.66 76.6

3.728 224.5

115.261.953 053 3

538. 3268 2

99 9168.4211 159 0

6 73.53.1

456. 7

321. 7

295. 9240. 111.244. 6

25,8'

49.536.812.812.8

50.7

50. 924 926 1

2

22,0

552. 0

354. 9

47.220. 319.3

161. 329.884.212.3

146. 321 845.711. 5

77.4

44.523 328.9

4 03.9

3.729 025.3

116,062 153 254 0

547 9272 6102 6170 0213 561 8

4 01.92,2

r Revised. tRevised series. Estimates of national income and product and personalincome have been revised back to 1959; revisions prior to May 1961 for personal income appear-on p. 13 of the July 1962 SURVEY. Încludes inventory valuation adjustment. ©In-

cludes data not shown separately. 9 Government sales are not deducted,data back to 1947, see p. 35 of the July 1962 SURVEY.

*For quarterly

s-1

S-2 SURVEY OF CURRENT BUSINESS October 1<>

Unless otherwise stated, statistics through 1960and descriptive notes are shown in the 1961edition of BUSINESS STATISTICS

1959 1960 1 196)

Annual total

1959

IV

1960

I II Ill IV

1961

I II III IV

1962

I II III IV

GENERAL BUSINESS INDICATORS— Quarterly Series— Continued

NATIONAL INCOME AND PRODUCT— Con.f

Quarterly Data Seasonally Adjusted at Annual RatesGNP in constant (1954) dollars

Gross national product total t - -bil. $

Personal consumption expenditures, total do

Nondurable goods _ do_ _Services ._ do

Gross private domestic investment, total_._do

New construction _ . do

Change in business inventories do

Net exports of goods and services do

Government purchases of eoods and services, totalbil. $..

Federal - doState and local . do

DISPOSITION OF PERSONAL INCOMEfQuarterly Data Seasonally Adjusted at Annual RatesPersonal income total bil. $Less: Personal tax and nontax payments doEquals' Disposable personal income . _ _ d o _

Personal âvin^ § do_ ..NEW PLANT AND EQUIPMENT

EXPENDITURESUnadjusted quarterly totals or averages:

All Industries bil. $.

Manufacturing _ __ .do_Durable goods industries doNondurable goods industries do

Mining do"Railroads _ do, _.Transportation other than rail doPublic utilities _ do. _Commercial and other d o _ _ .

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

Manufacturing do

Nondurable goods industries do

Mining do

Transportation other than rail doPublic utilities do

BUSINESS POPULATIONFirms in operation, end of quarter (seasonally ad-

justed) thous

U.S. BALANCE OF INTERNATIONALPAYMENTS!

Quarterly Data are Seasonally AdjustedU.S. payments, recorded mil. $_.

Imports:Merchandise doMilitary expenditures. doOther services do

Remittances and pensions doGovt. grants and capital outflows do

U.S. private capital doDirect investments doLong-term portfolio doShort-term do

U.S. receipts, recorded do

Exports:Merchandise _ _ _ _ _ _ d oServices and military sales do.

Repayments on U.S. Govt. loans doForeign capital other than liquid funds do

Excess of recorded receipts or payments (— ) _ _ _ d o

Unrecorded transactions _ _ _ do

Total, net receipts (+) or payments (— ) do

Total, excluding special transactions _ _ do. .

428.6

288. 9

41 0138.7109.2

61.7

34.421.45.9

-2.1

80.143.936.2

383. 946.8

337. 1

23.6

8.14

3.021.441.57

25.'S.51

1.422.72

3 4, 583

29, 548

15,3103, 1074, 925

7913, 040

2, 3751.372

920

25, 393

16.2827, 1941.054

803

-4, 155

412

-3, 743

335

440.2

298. 3

42 2141.4114.7

60.7

34.322.73.7

1.5

79.842.337.4

400. 851.4

349. 4

20. 9

8.92

3.021 . 801 . 82

25.26.48

1.422.89

•» 4. 658

31,317

14, 7233, 0485, 417

8423? 405

3, 8821, 694

8501 , 33S

27, 984

19,4597, 554

030335

-3, 333

-592

-3. 925

— 5'? 4

447.9

304.3

41.6143.3119.4

57. 8

34.821.12.0

1.8

84.044.539.4

416. 452. 8

363. 6

25. 6

8.59

3.421.571.85

.24

. 17

.461.382.92

3 4. 713

31. 805

14, 5142, 9475, 402

8784,051

3, 9531. 4751,0001, 472

29, 940

19,9158. 1511, 274

000

-1,859

-002

-2,401

199

431.1

291.9

40.8139.8111.3

62. 0

33.621 86.6

-1.1

78.342.435.9

390. 248.3

341.9

23. 1

8.99

3.571.741.83

.27

.22

. 551.512.87

33. 58

1 2. 876.166.71

1.04.85

2. 1 55.48

11.19

4, 670

7, 541

3, 802754

1.300196741

08K304202122

6,715

4, 1951,901

430189

— 820

230

-590

985

440.9

295. 6

42.4140.6112.6

66.7

34.622.69.6

78.442.036.4

395. 451.4

344. 0

20.1

7.89

3.091.551 . 54

.22

. 25

.471. 182. 69

35. 15

14.107.156.95

1 . 001.002. 005. 75

11.35

4, 690

7,549

3, 801771

1, 347204708

65832423098

6, 805

4, 6571,827

170211

-684

-18

— 702

— 4, ( >78 ' — 3, 40 1 — 2, 590 — 881 — 7( 12r Revised. v Preliminary.1 Estimates for July-Sept. 1962 based on antici nited capital expenditures of business.2 Estimates for Oct. -Dec. 1962 based on anticipated capi ta l expenditures of business.

Anticipated expenditures for the year 1962 are as follows (in bil. $): All industries, 37.16;manufacturing, total, 14.57; durable goods industries, 6.98; nondurable gooc s industries,7.59; mining, 1.10; railroads, .83; transportat ion, 2.06; public u t i l i t i es . 5.43; commercial andother, 13,16.

? Unadjusted. Data represent firms in operation as of J; n. 1; t s t male for Jan. 1, 1962

442. 3

299.7

43.0142.3114. 5

61.5

34.223.34.0

1.0

80.042. 937.1

401.451.9

349. 6

19.7

9.28

3.761.S81.88

.29

.551 . 422.99

36.30

14.707.407. 30

1.051.102.155.70

11.60

4,710

7, 690

3. 836758

1,375205833

083271209203

7, 055

4, 8701. 909

147123

-635

-117

-752

80

439. 7

299.1

41.8141.9115. 4

58.6

34.022.71.9

1.5

80. 542. 737.8

403.151.4

351.7

22.0

8.98

3.621.801.81

.25

.24

.471.502. 90

35. 90

14.657.357.30

1 . 001.001.905. 60

11.75

4. 720

8, 000

3, 664797

1, 368211826

1,134415170549

7, 002

4, 9401,843

17247

-998

-194

-1,192

437. 7

298. 8

41.8140.7116.3

55.8

34. 322. 2-.7

3.3

79.941.838.1

403.750.9

352. 7

•)9 9

9.53

4.011.952. 06

.24

.25

.461 . 582. 99

35. 50

14.406.857. 55

.901.001 . 805. 70

11.65

4, 730

8, 078

3, 4227 92

1, 327222978

1. 407084235488

7, 002

4, 9801, 975

147-46

-1,016

-263

-1,279

414

433. 9

298. 2

39.0141.5117.7

50.0

33.020.1

-3.0

3.5

82. 242. 939.2

405. 451.0

354. 3

23.8

7.57

3. 001.411.59

.21

.17

.411.092. 69

33.85

13.756.507.25

.95

.701.755. 35

11.30

4,740

7, 690

3. 369770

1,309221962

1,059457120482

7, 400

5, 0612, 008

133198

—290

—29

-319

-672 -1,192 -835 -319(based on incomplete data) is 4,7

t See corresponding note onthe July 1962 SHKVEY.)

§ Persona saving is excess oshown as a component of gross n

£ Revised effective writh tha vail a >le later.

443. 9

302. 5

41.3142.3118.8

56. 5

34.320.22.0

1.7

83.344.438.9

413. 552. 5

361 . 0

25. 5

8.61

3.461.581.88

.26

.18

.481.392. 85

33.50

13.506.207.30

1.00.70

1.805.50

11. 05

4, 750

7,411

3, 417756

1,337221804

876209218389

7, 953

4,7682, 000

851274

542

-306

170

724

-54852,000.p. S-l (i

disposaational p.' June 1

4,50. 4

306. 0

41.7144.4120.0

60.4

35.621.33.5

. 7

83.344.139.2

419.453. 0

366. 3

26.3

8.65

3.341.501.84

.25

.16

.471.502. 94

34. 70

13.656. 107.55

1.00.65

1. 905. 65

11 . 85

4. 760

8, 082

3.840699

1.388210

1.094

845429194222

0. 979

4. 9401.951

81

— 1, 103

193

-910

— 75

-835* Inclu

evisions

ole inconrocluct o)02 Sum

463. 4

310. 6

44.4144.9121.4

64.1

36.122.75.4

1.4

87.246.740.5

427.354.6

372.6

26 5

9.54

3.881.792.09

.26

. 16

.501.543.20

35.40

14.006.407.60

1.00.60

1.955. 55

12. 35

4. 770

8, 622

3,888722

1,428220

1,191

1,173320474379

7, 614

5, 1462,132

209127

-1,008

-400

-1,408

-520

-888des chanprior to

le over pn p. S-l.EY; revi

467.4

313.9

44.1147.0122.8

63.3

34.622.85.9

1.3

88.948.340.6

432.056.4

375. 6

25 4

8.02

3.141.441.69

.26

.16

.471.062.94

35. 70

14.206. 557.60

1.15.70

2.055. 15

12. 45

4.780

8,291

3.920752

1.388234

1, 050

947229398320

7,709

5,0702.189

1604 290

-582

106

-476

100

-576ges in no3d qtr. ]

ersonal c

sions pri

470.8

316.9

44.6148. 1124.1

64.1

36.723.83.7

89 248.640.6

439 557.7

381.8

26.9

9.50

3.691.771.92

97.26.60

1. 373.30

36. 95

14.456.957. 50

1.05.95

2. 255.40

12. S5

4,790

8,030

4, 032743

1, 405222

1,032

596

330-111

7,983

5, 3452,307

23794

— 47

-171

-218

-295illiquid959 apr.

on sum pi

Dr to 3d

: :

i 9.46

3.611. 741.87

. 28

. 471.493. 38

137.75

14. 657. 057. 60

1.10.95

1.905. 55

13. 55

210.1'

4.1 ;2.0:2.1

2<. 1!. 5:

1.5!3. 5*

237.9;

1 4. g;

7. 7(

l . l f. 71

1.9f5. 5C

13. 7C

_:::::

Govt. liabilities._ar on i. 8 ft*, of

ion expenditures

qtr. 1959 will he

October 1062 SURVEY OF CURRENT BUSINESS S-3


1960 1961

Monthlyaverage

1961

Aug. Sept. Oct. Nov. Dec.

19G2

Jan. Feb. Mar. Apr. May June July Aug. Sept.''

GENERAL BUSINESS INDICATORS— Monthly Series

PERSONAL INCOME, BY SOURCEf

Seasonally adjusted, at annual rates:!Total personal income nil. $ _

Wage and salary disbursements, total do

Commodity-producing industries, totaLdoManufacturing only __ do

Distributive industries do

Service industries doGovernment do

Other labor income -doProprietors' income:

Business and professional -- -- _-doFarm -- do

Rental income of persons doDividends do __Personal interest income. doTransfer payments doLess personal contributions for social insurance

bil. $__

Total nonagricultural income -do

FARM INCOME AND MARKETINGS^

Cash receipts from farming, including Governmentpayments, totaled - _ _ m i l . $__

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

Dairy products doMeat animals _ _ d oPoultry a n d egu's _ _ _ _ _ _ d o

Indexes of cash receipts from marketings and CCCloans, unadjusted:.?

•Ml commodities 1947-49=100Crops - _ - d o _ _Livestock and products - do

Indexes of volume of farm marketings, unadjusted :cfAll commodities 1947-49=100

Crops - - - - - - - do _Livestock and products do

INDUSTRIAL PRODUCTION }

Federal Resent Index of Quantity Output

Unadjusted, t o t a l index (incl. utilities).. 1957= 100. -By industry:

Manufacturing, total __ - doDurable manufactures . do _ _ _ .Nondurable manufactures do __

M^ in ing doUtilities do

By market grouping:Final products total do

Consumer goods doAutomotive and home goods doApparel and staples do

Equipment, including defense . do

Materials doDurable [roods materials _ _ _ _ _ _ doNondurable materials do

Seas, adj., t o t a l index (incl. utilities) doBy industry:

Manufacturing, total do -

Durable manufactures 9 doPrimary metals __ _ do

Iron and steel doFabricated metal products do

Structural metal parts do

Machinery __ do _ -NOnelcctrical machinery doElectrical machinery . _._do

Transportation equipment doMotor vehicles and parts doAircraft and other equipment do

Instruments and related products doClay, glass, and stone products. ... _ _ d oLumber and products doFurniture and fixtures . do _ _Miscellaneous manufactures do

Nondurable manufactures doTextile mill products do _Apparel products _ do_Leather and products _ . _ do. _Paper and products _ _ do

r Hi-vised. p Preliminary.1 The t o t a l and components are annual totals.|See corresponding not*1 on p. S-l. c71 Revised

}400. 8

271.3

110.487.471.8

40.748.411.0

34.212.0

11.914 425. 829.4

9.2

384.7

2, 892

2, 8341 , 2591 576

395882273

116117116

1331311 35

108

10810411397

123

111114116114103

106102110

108

108

1049088

106104

106102112

10211589

119110107120113

113109124100112

beginnh

1 416. 4

278. 8

110.887.572.9

43.451.811.4

34.813.1

12 315 027.433. 4

9.7

399. 1

3, 061

2, 9371 3191.618

409918

121

119

136

] 40

v 109

P 109p 103p l l ?p98

P 131

p l ! 2p 116P 112"117" 104

p 106P 1 00P 1.14

p 109

P 109

p 103P88P84

P 105p 103

P 106p 100p 114

p 9 7P 103

P91

P118P 108P 105p 120p 114

" 117p i l lp 124P 101p 118

ig 1959; i

418. 3

280. 7

111.688.173.2

43.952. 111.4

35.113.1

I9 314.927.533. 0

9.7

401.0

3. 056

3. 0251,4141.611

395928979

124139118

142140143

111

11110212399

113119

97126102

110103117

113

113

1089892

111110

109102118

10311690

122114109123116

120116130103123

evisions

419.7

281.4

111.487.873.4

43.852. 711.5

35. 213.1

12 415.027.733.1

9.7

402. 3

3, 421

3,3151,6911.624

389956263

136158119

151162143

113

11310612199

116121114123105

110104116

111

111

1059993

105105

108102116

959593

121112107'123116

1191171251 00

423.6

283. 6

113.189.473.6

43.953 011.5

35.613. 5

12 415.327.933. 5

9.8

405. 9

4, 849

4,3682, 4191 , 949

4031,238

294

179

143

2012431 70

116

117110126101

119126126126106

113107120

113

113

1079690

110108

108102117

10110793

121111103124119

121us130104199

427.8

286. 4

115.091.173. 5

44. 253. 711.6

36. 113.8

I1' 515.428. 133. 8

9.9

409. 5

4. 258

4. 0462, 2911. 755

3891,070

282

166214129

1882311 55

115

135111122101

118122129120108

113107119

114

114

1099690

112107

110103119

10611696

123110105128121

1211181301061 99

430. 5

288. 3

114.991.574. 5

44.954. 011.6

36. 213.5

19 515.928. 434. 0

9.9

412. 7

3, 314

3. 2451 . 6911 , 554

410858263

133158114

1461 63133

113

113110116KM)

115118126116110

111106116

115

115

1109996

112106

112104123

10811996

123106107128120

122118131109195

428. 8

287. 4

113.890. 874.4

44.954.411.8

36. 113.1

l '> 615.628. 633. 9

10.3

411.6

3. 244

3.1791.5461.633

411953233

131141120

146163134

112

11210911699

114117120117109

110105117

114

114

10810198

110104

111103123

10411493

121102101123117

12011712710519H

431.9

290. 2

115.292. 075.0

45.155. 012.0

36. 212.8

19 Q

15.828.833. 8

10.4

414.8

2, 413

2, 308850

1 , 458383813227

9579

107

106

119

115

11611212099

117120124119111

114108120

115

115

110105104111105

113105124

10511495

120104114125117

1221181291051 95

435. 2

292. 2

116.192.875.4

45. 355. 412.1

36.412.9

19 715.929.034.5

10.4

418. 0

2,531

2. 310708

1 . 602431904243

9566

118

10567

134

117

11811412299

119122127121113

115110121

116

116

112104103112106

116108126

10711796

120105111128121

122122128101194

438.3

295. 3

118.294.475.8

45.655. 612. 2

36. 612.8

19 7

15.829. 234.2

10. 5

421.2

2. 248

2. 153615

1.538412862230

8857

113

9851

133

117

118115122100

119122129120113

116112121

117

117

11310098

113109

118111128

no12495

122109112131126

1221211291051 9X

439.7

296.0

118.294.576.1

45.955. 812.3

36.812.8

12. 815.829. 434.2

10. 5

422. 6

2. 365

2.342667

1.675

m

9662

123

110

150

117

118114123101

119121128119114

116

121

118

118

1149184

116112

119113128

11312897

124116111131129

1241221291061 9-,

440. 7

296.9

118.194.576.2

46.556.012.4

36.812.8

12.815. 829.634.1

10.5

423.5

2,428

2.407873

1 . 534418854237

9981

113

11482

139

119

119115

'125103

122125129123116

r 116111123

118

118

1148678

119114

122115131

11012297

127118113136129

12412412910419M

441.9

297.8

118. 494.576.4

46.756.312.4

36.912.7

12.815.729.834.2

10.5

424.8

2,792

2,7171.2091,508

395857241

112113111

126118133

113

11310911897

118120119120114

109104115

119

119

1158676

119'114

121116130

11513199

128118111133129

1251221291011 94

' 443. 0

298.1

' 118. 194.1

'76.6

' 47. 0

12! 4

37.0••12.8

12.9r 15.7

30.034.5

10.5r 425. 9

3,272

3,181r 1,463r 1.718

3851,046

271

131136126

144142146

117

116r 109

127102

120122102

r 128'115r 114r 106

123

119

119

11588

rl!8r 113T 121

117r 127r 116

130* 102

128rl!7

112r 133* 127

124122127

443. 0

297. 5

117.593. 676. 6

47.056. 412.4

36. 912.8

12.915.930. 234.7

10.4

425. 9

120

120115127103

1241271 261 97117

1161101 23

119

119

1158982

118113

117127

116131103

127117

134128

1 25

1 9 <\ i

1961 wi l l he shown later. 9 Includes ( ;ita m t shown separately. J Data for I960 hav • •been revised to incorporate more recent informat ion; revisions prior to Aug. 1960 will be

prior to May shown later.

SURVEY OF CURRENT BUSINESS October 1962


1960 1961

Monthlyaverage

1961


1962

Jan. Feb. Mar.I

Apr. May June July Aug. Sept. 9

GENERAL BUSINESS INDICATORS—Continued

INDUSTRIAL PRODUCTION %— ContinuedFederal Reserve Index of Quantity Output — Con.

Seasonally adjusted indexes — ContinuedBy industry— Continued

Nondurable manufactures — ContinuedPrinting and publishing 1957=100.-

Newspapers- . _ _ __ _ _ d o ..Chemicals and products - - - do

Industrial chemicals - do __Petroleum products - - _ _ d o _ -

Rubber and plastics products _ _ _ d oFoods and beverages do

Food manufactures -doBeverages _ do._

Tobacco products do

Minino- -doCoal _- _ do _-Crude oil and natural gas do

Crude oil . - d o _ _Metal mining do^tone and earth minerals -- - -do

I^rilities doElectric doGas do

By market grouping:Final products total do

Consumer tioods ..do-Automotive and home goods do

\utomotive products do\utos -- do .Auto parts and allied products. _do __

Home froods9 doAppliances, TV, and radios.. ...do...Furniture and rugs . do. _ .

\pparel and staples doApparel, incl. knit goods and shoes.doConsumer staples - do

Processed foods do

Beverages and tobacco do_ _Drugs soap and toiletries doNewspapers, magazines, books. _ . doConsumer fuel and lighting .-do __

Equipment including defense 9 doBusiness equipment do

Industrial equipment - _ d o _ _Commercial equipment .. _do_ _Freight and passenger equipment._doFarm equipment .. -do _ _ .

Materials doDurable poods materials 9 ..do _.

Consumer durable doEquipment ._ _ _ _. -do., .Construction do

Nondurable materials 9 . doBusiness supplies do.

Containers doGeneral business supplies do

Business fuel and power _ _ _ _ d o _Alineral fuels doNonresidential utilities do._

BUSINESS SALES AND INVENTORIES §

Mfg. and trade sales (seas, adj.), totalcT hi l .$_. .

Manufacturing, total doDurable goods industries _ do._Nondurable goods industries do

Wholesale trade totaled doDural)le goods establishments doNondurable goods establishments do

Retail trade totaled doDurable goods stores doNondurable goods stores do

Mfg. and trade inventories, book value, end of yearor month (seas adj.), total f . bil.$ .

Manufacturing, total _ _ do_ _.Durable coods industries doNondurable aoods industries do

Wholesale trade tota1^ doDurable goods establishments doNondurable goods establishments - do

Retail trade, total | --- --- do- -Durable s~oods stores doNondurable goods stores ... ... . do_ .

Ill107121127108

114109109108114

97839898Q7

112

12?,123123

111114110

117117117

115112118

114117113109

110118113119

10310510211810192

100102109101107

1 10110109111

10397

121

i 61.04

30.4114.6815. 73

12.334.447.89

18.295.89

12.40

94.13

53.7430. 8622.88

13.216.816.40

27.1812.3314.85

p 113v 106v 128*>137•p nof 115P 113v 113P112P 118

p98*80

MOOv 100P97

P 112

P 131v 131P 129

P l l 2pl!6v 112

p 106M)7

p 121

pl!7P113P 1 19

P 117P 118p 117P 113

P 114P 123P 117P 126

P 104P 105P 100P124

P 99v 98

P 1 06P 100P 100•p 102P 106

p 114p 113p 115P 111

P 105p 9S

P 127

i 01 . 52

30. 7314.5416- 18

12. 564.288.27

18.235. 61

12. 63

95.54

55. 2031.4723 72

13 486.896. 60

26. 8611.5215. 34

114107132142115

123114114115119

9981

10210390

114

135135132

115120118

117110126

120116122

120124119114

11(5120117130

1051001021 979878

11110(i1 1 5105112

1171 1 !',121113

108100130

62. 30

31.3815. 0416. 34

12. 804.368.44

18.175. 46

12.71

93. 62

54.0330.8023. 23

13.606. 836. 77

25.9811.0114.97

114107132143110

12011411411-1116

9782999994

113

135136133

113116110

9682

118

1211191 26

118118119.114

1151 24119127

10610710112810597

10910499

102110

115113118111

10697

132

61. 57

31.3014. 9516.40

12. 084.177.91

18. 135. 61

12.52

94.26

54. 4431.1023.34

13.486. 826. 66

26. 3411.2615. 09

114107133146114

124116116116123

10084

10110199

115

135137132

115119116

110102123

120116124

120121120115

118127118129

10710810212910087

111105101107108

1171141 16112

108100132

63. 20

31.7515.2716.48

12. 874.358.52

18.585. 86

12 72

94.62

54.7831.4023.38

13.446.806. 63

26. 4011.2515.14

115108134147113

124116116116123

10186

102100106111

135135133

117121122

121117127

122117128

120121120115

118127118129

10911010413111195

111105106108107

118116119115

108100131

64. 40

32.1815. 6216.56

13. 124. 468. 66

19. 106. 19

12.91

95. 12

55. 0331.5323.50

13.346. 806.54

26. 7511.4415.32

114108136147108

129114115110120

10186

103100112104

135135134

118122128

129127132

127122129

120123119114

113130116129

11011010613210694

112106112108105

1191181221.15

108100131

63. 94

32.4015. 6616. 74

12. 724.408. 32

18.835.92

12.91

95. 54

55.2031. 4723.72

13.486.896.60

26. 8611.5215.34

114109134146112

119115116115114

9986

10199

11296

137137

116121121

119114126

123120124

120119120114

115126119132

10810810413110191

111105112108100

117115122112

10799

132

63. 90

32.0415. 5016. 54

13.084.558.53

18.845.92

12.92

96. 17

55.7331.8823.84

13. 586.866.73

26. 8611.5215. 34

115108137150110

124115116112116

9983

101100112100

137137

117120120

116109126

124122124

120121120114

113128118132

110110106133103100

113107111110106

119117121114

10899

132

'• 64. 54

32. 8515. 9516. 89

12. 734.538.20

' 18. 965. 9H

12.99

96. 70

56. 1832. 1923. 99

13. 626. 836. 79

26. 9011.4815. 42

115107135148112

124117117115122

9984

101100112102

138137

118122122

116110125

127126126

122124121115

118127118132

111112106135107105

114109115112107

119117124113

10899

133

' 65. 25

33.2216. 3316. 89

12. 764.478.29

19.276.18

13.09

97. 05

56. 5732. 4124. 16

13. 706.876. 84

26. 7811.3815. 40

115107137150111

128116117111122

10186

103102104111

137136

119123127

124119131

130129131

121124121116

115128118132

112113107138105110

115111120116111

119116117115

109101133

66. 14

33. 4816.4017.08

13. 064. 598.48

19. 606.33

13.26

97. 26

56. 6932. 4724. 22

13. 706.886.82

26. 8711. 4315.44

116108141154115

134116117112120

10185

102101101119

140]40

120124129

197126129

131128134

122124121116

115130119133

1 13115109140107114

115111128115115

1211171171 18

'• 109T 100

137

66. 32

33. 5016. 4017. 10

13.384.608.78

19.436. 17

13.26

97. 52

56. 8132. 5824.23

13.786.956. 83

26. 9411.4215.52

117108142156117

136115115113114

10079

10310395

118

143144

121124128

121115128

133131136

123124123116

113134120138

115117110141110117

116110121116114

123119121118

110100138

65. 18

32.9615.8917.08

13.134.528.60

19.096.03

13. 06

97.88

56.9132.5824.34

13.896.976.91

27.0811.4515.62

116109144158114

141117117113114

10280

10510596

118

144144

122125129

128127130

130127133

124124123117

115134120138

116118111142113116

116109126115114

122119121118

111102138

' 66. 43

' 33. 4016.33

r 17. 08

-•13.354.64

'8.7119.68'6.38

r 13. 30

r 98. 15

57.00r 32. 63* 24. 37r 13. 97r7 .03r 6 . 9 4' 27. 18

11. 59T 15. 59

'118112142

T 114

116116

10283

104r 104

91121

T 143

129194190

127195131

]95

120132

r 193122123117

133116

r H8

1191111411171 1 6

116110197114113

122119r?o117

111109

65. 94

33.1916.3216. 87

13 204.518. 69

19 556.11

13 44

97.90

56 9832. 7024 28

13 887. 026.87

27. 0411.4915. 55

118

117

10283

105105

143

122124126

128126

124

124

118120

116111

123

112103

'Revised. p Preliminary. * Total and components are based on unadjusted data.t See corresponding note on p. S-3.'P Includes data not shown separately.••• Corrected.

§ The term " business" here includes only manufacturing and trade. Business inventoriesas shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusteddata for manufacturing are shown on p. S-5; those for retail and wholesale trade on pp. S-lland S-12. cf See note marked "f " on p. S-ll.

t Revised series. Sec note marked "f on p. S-ll.

October 1902 SURVEY OF CURRENT BUSINESS


1960 1961

average

19G1

Aug. Sept. Oct. Nov. Dee.

1962

Jan. Feb. Mar. Apr. May June July Aug. | Sept.


BUSINESS SALES AND INVENTORIES— Con.

Inventory-sales ratios:*Manufacturing and trade total ratio

Manufacturing total doDurable goods industries do

Purchased materials doGoods in process doFinished goods do

Nondurable goods industries doPurchased materials doGoods in process doFinished goods do

Wholesale trade total doDurable goods establishments doNondurable goods establishments do

"Retail trade total doDurable good1-- stores doNondurable goods stores do

MANUFACTURERS' SALES, INVENTORIES,AND ORDERS

Sales, value (unadjusted), total _ _ _ bil. $ .

Durable goods industries, total 9 _ _ _ __ _ do _ _Primary metal do

Fabricated metal _ _ ___ do _

Machinery doElectrical _ doNonelectrical do

Industrial do

Transportat ion enuipment doMotor vehicles and parts do

"Lumber and fu rn i tu re doStone, clay, and glass do

Nondurable goods industries, total 9 do

Food and beverage _ - doTobacco doTextile _ _ . doPaper doChemical _ doPetroleum a n d coal _ _ _ _ _ _ _ d oRubber _ do

Sales, value (seas, ad].), total do

Durable goods industries total 9 doPrimary metal _ do

Iron and steel doFabricated metal do

Machinery doFleetricnl _ doNonelectrical _ do

Industrial 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 doTextile _ doPaper _ _ _ _ _ _ _ _ d oChemical _ doPetroleum and coal_ _ . _ _ _ doRubber _ do

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

Durable goods industries, total 9 doPrimary metal do

Iron and steeL_. doFabricated metal do

Machinery doElectrical doNonelectrical do

Industrial do

Transportation equipment doMotor vehicles and parts do

Lumber and furniture doStone, clay, and glass do

By stages of fabrication:Purchased materials doGoods in process doFinished goods do__ -

30.41

14. 682. 1 51 341.07

4. 721.95

1.1 i)

3 452 10

. 8*')

.73

15.73

4.70.40

1.211 . 06

3. IS.51

2 53. 90

30.814. 692.812.98

10. 273. 940 332.48

f>. 973. 141.831.43

8. 9012 0510. 56

30.73

14. 542 061 251.68

4 872. 002.871.25

3 241.94.82.70

16. 18

4. 80. 42

1.221. 132. 493.21.50

2 55. 19

31.234.913.053.00

10. 313.966 352. 46

6 933.221.841.46

8. 1312 5610. 54

1 50

1.79

2.05.51.82.71

1. 42.55. 20.67

1.061.57.80

1.432.021.18

32.01

14.682. 201 392.02

4 902. 032.871.279 501.26.99.91

17.32

4.92.46

1. 351 99

3. 33

31.38

15. 04

1.391.74

4 962 022.941 28

3 362. 06. 88.79

16. 34

4 7243

1 231 132 573.22

52

53. 62

30. 594. 552.763. 05

10. 133. 986 152.41

6 873. 081.831 43

7 8912 9610. 44

1 53

1 742 08.5383

.72

1 42.55.2067

1 121. 64

841.452 011 20

32.01

15.092 181 351.88

5 032.112. 921.28

3 071. 72

. 1)0

.83

16. 92

5 00. 42

1.331 172. 673. 13

.50

31.36

14 952.211 361.70

4 942 002 941 99

3 342 00

8379

16 40

4 8442

1 271 142 533 21

52

53. 76

30. 654. 622.823.03

10.083. 966 122 42

6 923. 161.841 43

8 01I9 3810. 26

1 50

1 732 06

538270

1 42.542068

1 041 56

781 421 921 19

33. 42

15. 972 261 381 . 89

5 '>22. 242 981.37

3 542 25

.92

.89

17.45

5. 1 6.44

1.381 '>]2. 753. 24

. 56

31.75

15 272. 161 311 75

5 042 043 001 36

3 532 23

8481

16 48

4 8344

1 951 142 633 28

51

54. 23

30. 864.742 922^98

10. 153.976 182 44

7 oi3.221.821 41

8 0912 5010.' 27

1 48

1 712 02.5281

.69

1 42.54.2067

1 021.52

761.401 851 19

32.18

15.662 171 301. 72

5 032 192 841 34

3 ^42 50

8780

16. 53

4 . 8945

1 . 321 16

3. 1 650

32. 18

15 69

2 191 311 80

5 112 103 001 34

3 622 29

8883

16 56

4 8443

1 971 199 653 17

54

54 59

30. 994.822.992. 97

10.223. 98

9 44

6 993. 191.811 49

8 11]•> 5910. 36

1 49

1 702 01.528169

1 42.542067

1 061 57

791 431 951 19

31.21

15. 359 181 351.62

5 142. 212 931 37

3 892 43

7668

15.86

4. 7040

1.251 1 12 3V)3.31

49

32.40

15 662 271 401 80

5 132 103 021 35

3 552 22

8780

16 74

4 9440

1 341 222 663 15

53

55 19

31.234.913.053.00

10. 313.96c o r

2 46

6 933.221.841 46

8 131° 5610. 54

1 50

1 742 06

548270

1 44. 562068

1 041 51

791 431 951 19

31. 43

15.092 331 471. 64

4 842 049 80

3 732 35

68

16. 34

4. 7341

1. 291 172 633. 38

53

32.04

15 502 271 421 80

5 102 132 971 30

3 482 02

8580

16 54

4 8643

1 331 192 663 19

52

55 98

31. 844.913.023.12

10.464.026 4 A

9 49

7 143.361.861 49

8 9512 7310.' 86

1 50

1 712 02. 538168

1 42.552066

1 061 51

831 421 921 19

30 62

14 869 9p

1 49

1 56

4 952 059 901 95

3 5K

9 187865

15. 76

4 5837

1 311 I9

9 503 00

49

32. 85

15 952 411 59

1 83

5 999 183 041 39

3 609 16

8880

16 89

4 9543

1 371 919 753 17

56

56 51

32.334.902. 993. 22

10.674.106 fff

2 59

7 943.441.841 59

8 3119 Q ̂ i

11.06

1 49

1 701 99

527967

1 43.562067

1 071 53

89

1 391 841 18

34 56

17 069 p|

1 681 86

5 649 273 371 47

4 039 59

^876

17. 50

5 09'11

1 40

9 (S43 °7

33. 22

2 461 601 $9

5 302 213 091 37

3 7^2 33

8878

16 89

4 99

421 371 922 723 18

56

56 87

32. 704.872. 923.32

10. 884.226 PA

2 60

7 253.451.841 54

8 4913 061L23

1 47

1 691 98

597967

1 49.562066

1 051 50

801 371 811 16

33 17

16 412 371 471 80

5 379 19

3 951 36

3 Q49 47

8879

1 6. 76

4 8441

1 341 182 833 06

56

33. 48

16 409 371 401 81

5 3°9 223 091 33

3 9 92 43

8980

17 08

5 0744

1411 199 793 16

54

57 0 0

32.824. 802.863. 38

10.974.29

2 61

7 273. 461.821 55

8 43

11.33

1 47

1 701 99

537967

1 42.5590

66

1 031 51

781 391 851 17

34 67

17 949 3J

1 389 01

5 619 9()

3 401 44

\ 939 70

9187

17.43

5 1546

1 37

3 003 19

59

33. 50

16 402 191 331 99

5 49

9 95

3 171 37

3 969 50

9079

17 10

5 0044

1 <:4Q

1 189 77

3 2056

57 14

32. 964.782.843.41

11.104.39

2 64

7 94

3.411.83i ^

8 50

11.39

1 50

1 732 05

548269

1 43.552067

1 061 54

801 421 901 20

33. 95

16 839 l^

1 949. 03

5 59

3 341 43

'•$ (*69 4.}

9490

17.13

5 1444

1 401 939 783 14

32. 96

15 899 001 161 89

5 999 193 101 39

3 809 35

8881

17 08

5 0741

1 909 71

3 18r.o

57 08

32. 874.762. 843. 40

11.114.44

•> pi

3. 361.84

11.34

r 1 48

r 1 712. 00

80.68

r 1 43

. 55r 21

67

r 1 05T 1 52

801 38

r \ §9

T i 17

T 31 34

15 06r 1 7(1

1 0')1 89

T \ §7r 1 99

9 05r 1 30

T 3 p,g

9 33r ^3

84

M6.29r 4 94

1 911 10

T 2 5gT 3 10

r 53

T 33. 40

K) 339 041 171 90

r 9 193 18

T 1 42

r 4 05

2 608983

r 17 08

T 5 Q1

4 51 '-{7

1 17

r 3 18T R,^

56 6*

* 32. 53M.78* 2. 86

3.34

* 11.01

M.40

r 2 61

3. 161.87

r 11.05

1 48

1 722. 00

80.68

1 44.552168

1 051 55

791 381 881 16

33 96

15.969 OS1 93

5 3°2 243 1( '»1 389 Q'>1 431 07

94

17.99

471 451 992 853 20

33. 19

1C) 'i99 051 1°1 8"

5 399 193 9()1 38

4 009 43

9381

16 87

431 '-{91 19

3 0754

56 55

32. 464. 762. 853. 24

10. 984. 40

9 fi ' -J

3. 341.8-

10. 87r Revised. i Advance estimate. - Total and components are end-of-year data.*Stock-sales ratios are based on the seasonally adjusted sales and inventories series

presented on this page and on pp. S-4, S-6, and S-ll. The ratios are derived by dividingend-of-month inventory book values by total sales during the month. Data back to 1955

for the manufacturing and wholesale trade segments appear on p. 20 of the .1 une 1961 SURVEY:data prior to 1961 (recently revised) for total manufacturing and trade and for retail trade;are available upon request.

9 Includes data not shown separately.



1960 | 1961

End ofyear Aug. Sept.

1961

Oct. | Nov. 1 >ee. Jan.

1962

Feb. Mar. Apr. May Juno July Aug. Sept.


MANUFACTURERS' SALES,INVENTORIES.AND ORDERS— Continued

Inventories, end of year or month— ContinuedBook value (unadjusted)— Continued

Nondurable goods industries, total Q _ . _ b i l . $._

Food and beverage doTobacco doTextile _ . d o . . .Paper doChemical - - ..do.Petroleum and coal. _ .doRubber do_

By stages of fabrication:Purchased materials - do__Ooods in process doFinished goods do

Book value (seasonally adjusted), total do

Durable goods industries, total 9 do_.Primarv metal __ _ _ ._ _do_.

Iron and steel doFabricated metal ... .. do. .,

Machinery .. . . . . -doElectrical d o _ _Nonelectrical -do-_

Industrial do

Transportation equipment do"Motor vehicles and parts do

Lumber and furniture doStone, clav, and glass d o _ _

By stages of fabrication:Purchased materials _ _ . do

Finished noods - -do _

Nondurable goods industries total 9 do

Food and boveraue <loTobacco <lo ..Textile _. .. doPaper doChemical . _ - -do.. .Petroleum and coal _. doRubber - do . ..

By stages of fabrication:Purchased materials _ .doOoods in process doFinished foods <lo.

New orders net (unadjusted) total do

Durable c'oods industries, total 9 _ . _ ...do ...Primary metal do

Iron and steel do.Fabricated metal do

Machinery ( 'oElectrical <!oNonelectrical _ . _ . . -do

Industrial . _. ... .._ <loTransportation equipment ..<lo

Industries \vith unfilled orders© doIndustries without unfilled orders^ <1°

New orders net (seas adjusted') tot'-il do

Durable uoods industries total 9 (1°Primary metal do .-

Iron and ^tecl do

"Machinery do - -Electrical doNonelectric'il do

Industrial do

Nondurable "oods industries total doIndustr ies with unfilled orders® do

Unfi l led orders, end of year or month (unadjus ted) ,total Ml $.-

Durable goods industries, total 9 do...-Primary metal -do .-

Iron and steel 'loFabricated metal do

A l a c h i n e r y do --Fleet rical do\onelectrical do --

Industr ial do

Nnn( ln r : i 4 ) l p > > n n d ^ i nd nstrifis l o h i l r f ^ do

23. 09

5 182.082. 631.634.193.321.14

8.993.00

11.10

53. 74

30.864.502.623.12

10.404.026.382.51

6. 853.011.841.44

8. 0512 0610.76

22.88

4.982. 032. 67I. 034. 133.311 . 1 2

8. 753. 08

11.051 29. 90

14.241.871 . 091 . 6 1

4. 701. 972 721 . 1 ( 53.38

1 0. ( i t )

3.3812.28

45. 37

42. 853. 41

. 2. 289 73

17.48, 10.21

7. 283.38

14 93

2. 52

23. 96

5 442.282.681. 684. 353.431. 13

9. 383.27

11. 31

55. 20

31. 474.782.893. 16

10. 464.036. 422. 49

6. 873 121. 861. 47

8. 0912 6410. 74

23. 72

5. 242. 172. 741. 684. 283.421. 13

9. 063 37

1 1 . 29

'30.96

14. 742 IS1 . 351 70

4 . 929 (id2 .921.263. 22

16 233. 53

12. 70

48. 20

45. 124.763. 482 9S

18. 1010. 297. 803. 53

14 64

3 08

23. 03

5 121 872.711 664. 163. 431 09

8. 643 30

11 08

54. 03

30. 804. 632 853.02

10. 193. 986.202 40

6 953 141 811.48

7. 7419 ;3i10. 75

23. 23

5. 122 002 .741 . 6s4. 2\3. 3S1. 13

8. 943. 31

10. 97

'3 2 . 42

15.122. 351 . 481 . 99

4.912. 002. 911.282. 85

17 303.74

13. 56

32. 10

15.632.41] . 521.82

5. 042. 102 931.283 61

16. 463. 64

19 82

47. 24

44. 104. 142.879. 90

17. 5910. 157 .443. 43

14. 75

3. 13

1

23.11

f- 231 992 651 644 103. 4 91 10

8 693 28

11 14

54. 44

31 104. 672 853.12

10.233.996. 242 43

6 973 191 851 49

7. 9612 4010.74

23. 34

5. 1 52 052.741.704. 203.421 . 1 2

8. 973. l>9

11.07

32. 18

15.282 131 . 291. 92

5. 382. 363. 021.292.97

16 903. 69

13.21

32. 20

15.742.311.461. 78

5. 382.313 081 . 293 49

16 473.64

12 82

47. 40

44. 304. 092.812 95

17. 95K) 407. 543. 44

3. 11

23.37

5 392 072 611 654 163.501 10

8 853 28

11 25

54. 78

31 404.732 863 14

10.364.066 302 47

7 013 181 861 49

8 0719 f)C)

10 74

23 38

5. 1 52. 062.741.704. 203. 391 .13

8. 903. 34

11.14

33. 56

Hi. 132. 231 . 361. 87

5. 382. 233. 1 51.403 . 5 1

17 433.81

13. (52

32. (53

1(5.072. 321 . 451. 7.r

5. 422.203 221 . 383 62

1(5 5(53 (53

I 2 94

47. 54

44. 4(54. 062. 792 93

18. 1010. 407.713. 48

14 68

3. 09

23. 60

5 462. 112. 641 6(54. 233. 461. 11

9.033 30

1 1. 26

55. 03

31. 534.742.863.15

10.424.076. 342. 47

7.043 171 851.48

8.0819 7010. 76

23. 50

5. 192. 122 751.704. 213. 371 . 1 2

8. 963. 37

11. 17

22. 44

15. SO2 301 . 5%-»1 . 7 1

5 1!2. 1 82. 931.403.80

16 5*3. 74

12. 85

32. 70

16.102. 331. 481 . 85

5. 4(52. 333 131.423 53

16 603 67

12 {)'>

47. 80

44. 664 253. 012. 93

18. IS10. 38

3. 5414.64

3. 14

23. 96

5 442 282 681. 684. 353. 431. 13

9. 383. 27

11. 31

55. 20

31.474.782. 893. 16

10. 404. 036. 422 49

(5.873 1'?1 SO1 47

8. 0919 m10 74

23. 72

5 242. 172. 74l . O S4. '-83. 421. 13

9 003. 37

11. 29

31.01

15.M2 091.S21 . OS

5. 002. 122. 941.303. 82

15 793. 47

12. 32

32. S5

1(5. 242. 821.94I . 84

5. 142. OS3. 001.423. 3 2

10. 013. ( 5 (5

12 95

48. 20

45. 124. 7(53. 482. 98

18. 1010. 29

7. 803. 53

14. 04

3. OS

24. 14

5 402.342.781. 704. 353.311. 16

9.513 36

11 26

55. 73

31.884.842 943. 23

10.564. 126. 449 52

7 003 941 861 48

8.3219 (;410 93

23 84

2. 189 781. 704. 293. 301 . 1 4

9. 2(53. 3S

1 ! . 20

32. 20

1 5. N93.012.041 . 75

5 012. 032. 981.383. 47

16 313. 53

1 2. 78

32 94

16.432 841.861 . 93

5. 372 l>93 091.423 40

1 6. 5 13. (53

12 88

48.97

45. 925. 454.043. 10

18.2710.297. 983. 69

I 4 . 3 S

3. 05

24. 18

5 972 312 831 734 413.301 19

9 533 39

11 ''6

56.18

32 194 892 983 95

10 654. 146 512 53

7 r>3 3'-*1 841 48

8 40\-> S910 90

23 99

2. 192 781. 714.313. 391. 17

9. 353. 40

11.24

31.13

15.332. 381 . 491.04

5. 142. 073.081.363. 48

15 813. 58

12. 23

33. 08

16.192.331. 451 . 83

5. 352. 233. 121.383. 70

16. 893. 75

13. 14

49. 46

46. 375. 574.113. 18

18. 4710.318.163. 80

14.30

3. 09

24. 1 7

5 182 272.891 754 443. 311 21

9 603 41

11 16

56. 57

32 414.912 983 27

10 764.216 552 58

7 143 391 841 49

8 5542 9710 89

24 1(5

5 312. 1 92. SI

4. 303. 411. is

9. 453. 43

1 1 . 28

34. 30

10. 742 301 . 441 . SO

5. 712. 233. 481.513. 90

17 573. 99

13.58

32. 95

1(5.002.211.341.88

5 272 133.141.383. 79

10.953 82

13. 12

49. 20

40. 045. 323.873.17

1 8. 5340. 278. 203.84

14.16

3. 16

24. 19

5 152 202 911 764 413 351 21

9 553 44

11 20

56. 69

32 474 86

2 933 29

10 814 246 579 58

7 ?23 491 821 49

8 5919 9410 95

24 29

2 172 SO1 734 373. 441 IS

9. 493 13

1 1 . 30

32. 45

L5 711 69

. 7 t1 so

5 312. 153. 104.303.99

16 743. 74

13.01

32. 73

15.731.75. 79

1 . 84

2 . 243. 0 1I. 304 00

17 003.75

13 25

48.48

45. 344. 643. 143 1 7

18.4710. 308. 163.78

14 21

3. 14

]

24. 18

5. 102.142. 961.774.333.371.20

9 423.51

11.26

56.81

32.584.852.923. 26

10. 854.256. 592.60

7.293. 501.841. 50

8.6213 0010.96

24. 23

5. 342 182. 841 .744. 363. 401. 18

9. 473.44

11.32

33. 99

1(5 481 981 .101 . 95

5. 36

3. 231.344. 02

17 513. 92

13.59

33 07

15. 971. 83.95

1. 88

5. 282. 173. 111.323. 96

17. 103.80

43. 29

47.81

44. 594. 302.823. 12

18.2410. 227.993. 69

14. 00

3. 22

24 22

5. 122.072.911. 784.343.401 20

9 313 53

11 37

56. 91

32. 584.832. 9-13. 22

10. 894. 326. 582 58

7 293 5'>1 841 52

8 551 3 0°14 01

24 34

5 402 482. 831 7fi4 373. 4"1 • > ( )

9 4(5

4 1 41

33 00

10 511 84

974 90

5 040 343 344 4(53. 94

17 093 83

13.26

3'-* 43

15.444. 76. 93

4 86

5. 462 053 441 3(53 76

4(5 993 76

13 93

47. 45

44. 273. 962. 543. 05

48.2710. 317.963.71

13. 96

3. 18

r 24. 42

r 5 l(j

1 9<»r 2 86r 1 74r 4 35r 3 45

1 19

r 9 22r 3 fl()

r n 30

57. 00r 32. 63

«• 4. 80'2.89

3.23

10.96r 4. 34r 6. 62T 2. 60

' 7.24' 3. 42

1.85' 1 . 53

r S 49

13. 40r 11.04

r 24. 37r 5. 39

2. 17r 2. 81

1 . 75r 4. 39r 3 . 43

1.21

' 9. 39• • 3 . 5 1

r 1 1 . 4 0

r 31.99r 15. 77

r 1 .741.00

' 1 . 95

r 5 .0(5r 1.98r3. 07r 1 . 2Sr 4. 04

r 16. 211 '3. 40

r 12. 82r 33. 2(5

r 16.27r 1.90

! 1.08r 1 . 92

!i r 5. 30! -2.07

r 3. 23M . 38

! 4 . 1 ( 5

r 1 0. 98r 3. 72

r 13.27

" 48. 09r 44. 99

3.91" 2. 51

1 r 3 . 1 11 48.40! r 40. 38! r8.08

'3.09i r 14.34

• r 3 . 11

24.09

5 352 020 784 744 303 454 19

9 133 55

11 41

56. 98

32. 704.822.913.20

41.044.40 i6. 642. 64

7.2S3. 50 !

1.82 !1.54

8.4413. 1411. 12

24. 28 1

5.34 !2. 172. 8!1 744 373. 401. 21

9. 353. 51

11 .4 2

33. OS i

! 5. 322. ( > ' < >1 . 1 72 . i v • " "

5. 082.043.01 ;

1.34 i2 75 \~ ' ' ~

17. 703. S2 i

13.94 :

32. 5h

15. 7(5 i2.041. 191.94

5. 192. 073. 121.38

! 3. 50

16. si3.70

13. 10

47. 22

44 .343 85

i 2 40i 3 .12

; 48. 4440. 17

7.97 ,3. 0(5

14.13

i 2.88 •r Revised. l Total and components are m o n t h l y averages. - Advance estimate.9 Includes data not shown separately.Încludes textiles, leather, paper, "arid printing: and publishing industries; unfilled

orders for other nondurable goods industries are y.ero.

fFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, andrubber) sales arc considered equal to new orders.

1962 SURVEY OF CURRENT BUSINESS S-7


1960 | 1961

Monthlyaverage

1961

Aug. Sept. Oct. Nov. Doc.

1962

Jan. Feb. Mar. Apr. May June July Aus. Sept.


BUSINESS INCORPORATIONS^

New incorporations (50 States):©Unadjusted numberSeasonally adjusted* do

INDUSTRIAL AND COMMERCIALFAILURESd"

Failures, total number..

Commercial service do_Construction doManufacturing and mining doRetail trade do. __Wholesale trade do

Liabilities (current) total thous. $

Commercial service doConstruction __ _ _ _. .do._-ATanufacturin°r and mining doRetail trade .do__\Vholesale trade ô

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

15,226

1,287

114217218615123

78. 219

8,28116, 78124, 13620,0918, 930

i 57. 0

15, 128

1,423

123229235691144

90, 844

6,69416, 08427, 10727, 75413,205

' 04. 4

15 07915, 213

1,604

129262260789164

102, 693

6, 35827, 71626, 17529, 38413, 060

74.4

13,61615, 419

1,285

139183182614167

116,664

10, 95010, 04866, 73717,92711,002

67. 5

15 49216. 286

1,446

118221217731159

70 257

3 48514, 58317, 93021, 52412 735

69.5

14 04516,149

1,335

122206258624125

119 214

5 07018, 88335 23723, 49436 530

63.8

14 80215, 818

1,278

104215232606121

65 489

3 45316, 74319 72318, 3617 209

63. 6

18 34315,124

1,447

114231213749140

106 609

8 85819,01739 07128, 88610 777

62. 9

14 36515, 809

1, 353

110251216625151

90 499

5 13426, 49525 02324,6119 236

61.1

17 19615. 713

1 490

143276228701142

80 878

q 99815 61222 42125 044

7 803

59 4

15 65315, 402

1 504

119273200767145

121 831

5 44024 58649 67731,69110 437

65.0

16 40815,260

1 378

102237229664146

91 512

8 27015,79829 65927, 56910 216

58 7

15 >;>3414.904

1,281

113194237606131

88 493

5 44513, 62732 82127, 0659 535

57.3

14 95715. 247

1, 165

106187215545112

91 574

5 64222,41221 59829,99911 923

58.3

14 95515, 104

1. 319

120217227622133

146 832

6 97733, 61836 17053, 18016 887

62.5

COMMODITY PRICES

PRICES RECEIVED AND PAID BY FARMERS

Prices received, all farm products! 1910-14=100..

Crops loCommercial vegetables loCotton loFeed grains and bay 1°Food grains _ _ _ _ . . _ - lo

Fruit loOil-bearing crops loPotatoes (incl dry edible beans) doTobacco do

livestock and products doDairy products doMeat animals doPoultry and eggs do"Wool ' do

Prices paid:Ml commodities and services - do

Family living items . ._ _.. do _Production items do

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

Parity ratio§.- do

CONSUMER PRICESJ

( U.S. Department of Labor Indexes]

Ml items! 1957-59—100Special group indexes:

•Ml items less food doMl items less shelter do

All commodities dol\rondurablcs doDurables do

\pparel doFood 9 d o _ _

Dairy products _ doFruits and vegetables, d o _ _Meats, poultry, and fish do

Ilousine9 doGas and electricity _ _ doHouseftirnisliings doRent .- do

Medical care doPersonal care ... do__ .Reading and recreation, do

Transportation doPrivate doPublic do

Other goods and services do

'238

224254151203

241214204500

953259296160''35

290265

299

80

103 1

103 7103 ()

101.7101 9100 7105 0

102. 1101.4103. 2103. 899.1

103 1107.0100 1103. 1

108. 1104 1104.9

103. 8103. 2107 0103. 8

240

226218262151209

246257158526

951259999116930

27f>291260

' 302

r 79

104 '-*

101 8104 ''

102. 110° 8109 5107 6

l 'V> 8102. 6104. 8104.299. 3

103 e107. 999 5

104 4

111.3104 6107. 2

105 0104 0111 7104. 6

240

228201276154209

244259153536

2502 5630114193 i

276291265

301

80

104 3

101 ()104 3

102. 5102 9101 0107 7

102 5102. 7104 7107. 198 3

103 8107 799 1

104 4

111.7104.8107.4

106 0105 0112 3104.9

242

229202

156214

242141541

25326730313s

«;'_>(-)

276291266

301

80

104 6

105 3104 5

102. 8103 1101 ()107 9

103 6102. 610 P 1102. 399 2

104 0107 899 7

104 7

111.9104. 8107.9

106 0105 1112 5105. 0

240

226198286154217

22 r)242135537

2~°29714199 S

27t>291265

301

80

104 6

105 5104 7

102. 9103 0101 7108 0

103 9102 5105 199 499 5

104 i107 899 5

104 8

112.3104 6108.3

106 7105 8119 ^

105. 0

239

224223280149218

l>07248134540

251

293140

276291905

301

79

104 6

105 6104 5

102. 610° 7101 6108 °

103 7101 9105 598 498 5

104 °107 899 3

104 9

112. 4104 8108. 1

106 8105 9119 7105.0

240

2242119{>9150219

216250130514

9 f ) l971299146

292267

302

79

104 -)

105 5104 4

102. 41()9 (j

101 110K 5

103 5102 0105 699 898 5

104 1107 8

9Q 9105 0

112. 5105 l >108 2

106 0104 9113 3104! 9

242

225259257152218

9Q8

9 501°7538

''OS304

978293^68

304

80

104 r)

101 v

104 4

102. 3]()9 (;

100 8108 7

101 S102 5105 6100 6

t)9 8

104 4107 *

98 7105 1

112.6105 6108 5

106 0104 8114 7104. 9

243

22627224615°219

216

125549

2572633051 54

279294268

305

80

104 8

105 5104 ^

102. 7103 I100 8108 y

102 0103 1105 1102 9100 6

104 (j107 999 3

105 2

113.0105 8109. 1

106 0104 7114 8105. 0

244

233314948153293

2°925'?139543

254955307147

279291969

305

80

H)i o

1M5 7105 0

102.8103 2100 9109 0

102 7103 2105 0104 4100 6

104 6107 999 5

105 3

113.6105 9109 2

105 9104 6114 9105. 1

242

2363122681552 94

99 0

9r)5

137543

946240303139

280294270

r 307

79

105 2

106 0105 2

103. 1103 5101 4109 2

102 7103 4103 7108 6100 1

104 6107 899 3

105 4

113.9106 3109 4

107 2106 0115 6105. 1

242

243325

1 59930

2io2 5 5189543

940239303130200

9 80296909

r 307

79

105 9

106 0105 '>

103.01 03 2101 51 09 4

109 7103 2103 0109 499 6

104 7107 799 0

105 5

114.1106 4109 5

107 3106 0115 6105. 1

239

2369589751 r>7930

9039r)3

220r>43

94923()305l '>8

9792949(>X

305

78

105 3

106 1105 3

103. 1103 4101 (i109 5

109 8

103 5109 7111 999 7

104 8107 799 1

105 6

114.4106 1109 2

107 3106 0115 6105. 2

240

2312202751 55

19 19^9905549

9409393 1 0133

979994268

305

79

105 5

106 1105 4

103. 1103 5101 51 09 8

109 9103 8103 5109 9100 8

104 8108 099 0

105 7

114.6106 8no o

106 8105 41156105.6

244

2')()2012751 51990

0439451 74518

94831 8141

279294268

305

80

- 10'r 5

106 2105 5

103. 2

101 7109 9

102 5103 8103 9105 9

102 6

108 0QQ C

105 8

114 6106 8110 3

107 4106 2115 7105. 5

25093220198()154226

2662381 53F>2r)

26695832fi153251

281294271

307

81

r Revised. i Based on unadjusted data. 2 index based on 1947-49=100 is 129.4.cf Data are from Dun & Bradstreet, Inc. ©Figures in 1961 BUSINESS STATISTICS volume

cover 49 States (Alaska not included); see July 1961 SURVEY for unadjusted data back to Jan-uary 1960 for 50 States. *New series. Data for Jan.-Dec. 1959 (49 States) appear in theOct. 1961 SURVEY. For revised data (50 States) for 1960, see similar note in the June 1962SURVEY.

^Revised beginning Jan. 1959 to incorporate price revisions for individual commodities;revisions for earlier periods will be shown later.

§ Ratio of prices received to prices paid (including interest, taxes, and wage rates).{Data reflect conversion to the 1957-59=100 reference base period. Monthly and annual

data for earlier periods appear on p. 19 of this issue of the SURVEY.9 Includes data not shown separately.

S-8 SUEVEY OF CUEEENT BUSINESS October

Unless otherwise stated, statistics through 1960and descriptive notes are shown in the 1-61edition of BUSINESS STATISTICS

1960 1961

Monthlyaverage

1961


1962

Jan. Feb. Mar. Apr. May Junei

July Aug. Sept.

COMMODITY PRICES—Continued

WHOLESALE PRICESd"!

(U.S. Department of Labor Indexes)

All commodities t 1 957-59=100..

By stage of processing:Crude materials for further processing doIntermediate materials, supplies, etc doFinished goods© _ __ do _._

By durability of product:Nondurable goods doDurable goods do_ _

Farm products 9 doFruits and vegetables, fresh and dried... doGrains doLivestock and live poultry do..

Foods processed 9 © doCereal and bakery products doDairy products and ice cream. _ _ do .Fruits and vegetables, canned frozen doMeats poultry and fish do

Commodities other than farm products and foods1957-59=100.-

Chemicals and allied products 9 doChemicals, industrial doDrugs and Pharmaceuticals doFats and oils, inedible doFertilizer materials doPrepared paint do

Coal doElectric power Jan 1958 — 100Gas fuels doPetroleum products refined 1957~59 — 100

Furniture, other household durables 9 do

Furniture, household doRadio receivers and phonographs do _Television receivers do

Hides, skins, and leather products 9 do

Hides and skins __ ___ _ do - -Leather do

Lumber and wood products do.Luinbcr _ _ _ _ _ _ _ _ _ _ d o

Machinery and motive prod 9 doAgricultural machinery and equip doConstruction machinerv and eouip doElectrical machinery and equip doMotor vehicles do

Metals and metal products 9 doHeating equipment doIron and steel _ _ doNonferrous metals do

Nonmetallic mineral products 9 doClay products, structural doConcrete products doGypsum products . _ do

Pulp, paper, and allied products doPaper do

Hubber and products doTires and tubes do

Textile products and apDarel9 doApparel doCotton products .. _ - do ---Manmade fiber textile products doSilk products doWool products do

Tobacco prod, and bottled beverages 9 ...doBeverages, alcoholic doCigarettes _ _ _ _ do.

Miscellaneous _ doToys, sporting goods do

PURCHASING POWER OF THE DOLLAR*

As measured by —Wholesale pricns 1957-59—100

100.7

96.6101. 0101.4

99.9101.7

96 9100. 694 296.0

100.0103 2105. 099. 597.8

101.3

100.2100. 5100. 281.5

102.2100. 7

99. 698. 8

101.9116.697. 6

100. 3

96. 1100. 3101.4

99. 6101. 3

96 093. 795 692. 5

100. 7105. 1107. 5101.795.4

100. 8

99. 198.498.387.5

104. 3103.6

97.7102. 4118.799 3

100. 1 99. 597 0 us 9

101.61)5. 298. 1

105.2

100. 5103.5

100. 499. 8

102 4105. 4105 8101.3101.0

101.398. 2

100. 6103. 9

101.4103. 1102 4101.9

101.8102. 0

99. 993.0

101. 5101.3104. 497. 5

105 798. 2

102. 5100. 3101. 4

99.3100. 2

QQ 3Consumer Drices--. _ _ . d o ; 97.0

102. 891.497. 1

106. 2107.4107. 9106.0

95. 994. 7

10l) 3107. 4107 5100. 0100. 7

100. 794. 0

100. 7100. 4

101.8103. 2102 5103. 8

98.8102. 2

96. 192.4

99.7101. 0100. 493.4

113.297.1

103.2100. 6101.4

103. 9100. 9

99 796. 0

100. 1

97. 099. 8

101.3

99. 3101.3

96 7

100. 0

96. 099. 9

101.2

99. 2101.3

05 991.7 89.497 3 97 9.93.3

100. 4105. ()107. 299. 995. 8

100. 6

98. 6

97.' 684. 9

102.6103. 7

90. 2

100.3105. 3108. 099. 895. 3

100. 7

98. 3

97. 080. 9

102. S103. 7

100. 0

95.999.7

101.2

99. 1101. 1

95 189. 197. 089. 4

100. 5100. 0109. 5100. 494.7

100. 5

98. 297.397. 178. 1

104. 4103. 6

96. 7 • 97. 4 98. 0102.4 i 102.4 102.5116.6 i 116. 9 ! 119. 498. S 97. 3 95 8

99. 3 99. 4 ! 99. 4<)5 1 MS 1 ; US 9

102. (i90. 296. 9

108. 0107. 4122.2108. 4

95. 995. 0

102 0107. 4107 699. 1

100.8

101.295. 0

100. 9101. 8

101.8103. 1102 5105. 0

96. 5102. 4

96. 292. 9

99. 5101.0100 292. 6

117. 197. 8

103. 3100.5101.4

103. 0101. 4

99.995. 9

102. 9 103. 189. 3 S9. 3HI). 9 96. 1

Ids. 4 10S. 9

109. 7

95. 694. 7

102 0

121. 2111.5

94. 894. 0

109 1107.2 107.4107 6 107 t.\99. 1

100. 7

101.394. 7

101. 1101.9

101.8103. 2102 6105. 0

98. 9102.0

96.392. 9

99. 7101. 1100. 992. 6

117.198. 2

103. 8100. 6101.4

103. 0101.3

100. 095. 6

99. 5100. 5

100. 994. 4

100. 9100. 9

102. 1103. 3102 7105. 0

99. 6102. 0

96. 292. 9

100. 1101. 2101. 592. 6

114.697.7

103. 8100. 5101.4

100. 7101.6

100. 095. 6

100.0

95.4100. 0101.3

99. 3101. 1

95. 689. 998. 889. 4

100. 2106. 1109. 6100. 593.6

100. 7

98. 197.397.376. 4

104. 7103. 6

98. 3102. 61 1 9. 3

97. 2

(I5 1103. 589. 496. 1

108. 6

117. 4110.7

94. 893. 8

102 2107. 8107 699. 5

100. 4

100. 494. 0

100. 1100. 2

101. 9103. 3102 5105. 0

99.2102.0

95.592.0

100. 2101.2101. 793. 1

114.297. 7

103. 8100. 6101.4

105. 1101. 6

100.095. 6

100. 4

96. 4100. 3101. 5

99.7101. 1

95. 987. 298'. 492. =1

101.0106. 1110.2100. 495. 9

100. 9

98.197. 197.378.4

104. 7103. 6

100. 698. 6

102. 5118. 498. 9

99. 394. 9

103. 389. 196. 2

108. 2

112.5110.5

94. 693. 7

102 3108. 5107 699. 5

100. 3

100. 694. 5

100. 2100. 8

101. 6103. 3102 4105. 0

99. 6102. 0

94.589.9

100. 3101. 2101.993.2

111.497.7

103. 8100. 5101. 4

1 06. 3100.9

99. 695. 7

100.8

97. 8100. 3102. 1

100. 5101. 1

97. 997. 097.295. 7

102. 0106. 9109. 199.399.2

101. 0

98.497. 397.2S3. 0

105. 8103. 7

101.098. 7

102. 5118. 199 6

100.7

97.5100. 2102.1

100. 3101. 2

98.2103.996.794. 5

101.8107. 3109. 199.898.7

100.8

98.196. 897. 177. 0

106. 3103. 7

100. 498.7

103. 0122.0

97. 8

100.7

97.6100. 3101.8

100. 2101.2

98.4105. 797.495. 7

101.6107. 4108.099.398.4

100. 8

98.096. 697. 181.3

103.7103. 7

98. 998.7

103. 1119.495. 3

99. 3 ; 99. 1 j 99. 095. 0 ! 95. 0 1 94. 9

103.4 103.5 ! 103.489. 4 ; 87. 8 j 87. 193. 7 93. 7 93. 7

108.2 107.7 107.4

110. 1110.9

94. 794. 0

102.3108. 8107 799. 0

100. 3

100. 793.8

100. 6100. 5

101. 9103.4102. 4105. 0

99.9102. 0

94. 188.5

100. 3101.2102. 093. 3

111.597.8

103. 8100. 7101.4

106. 7100. 5

99. 295. 7

105. 4110.6

95.294.8

102. 3109. 2107 698. 9

100. 2

100.693.8

100. 4100. 3

102. 1103. 5102. 8105. 0

99.9102.5

93. 587.0

100. 4101.2102. 293.3

113.298.1

103. 8100. 7101. 4

105. 6100.3

99. 395. 4

103.8109. 6

96. 295. 8

102.3109.4107 698. 9

100. 1

100. 493.799.8

100. 1

102.2103. 6102.8105. 0

101. 0102. 7

93.687.6

100. 5101.3102. 493.5

116.398.3

104.0100. 8101.4

105. 6100. 5

99. 395.2

100.4

96.5100. 5101.4

99.7101. 2

96. 999.398. 594.1

100. 2108. 0106. 099.095. 6

100. 9

97.996. 597. 079. 3

103. 7103. 7

100. 295. 3

103. 0115.398. 9

9S. 991.7

103. 486. 893. 7

106. 9108. 7103. 3109. 5

96. 896. 8

102. 3109. 2107. 79S. 9

100. 1

100. 393.799.699.8

102.4103.6102. 8105. 0

101.3103. 1

92 986. 1

100. 5101.3102. 493. 7

121.698. 6

104. 0100. 8101.4

106. 0100. 5

100. 2

95.8100. 4101.2

99. 5101.1

96.2107. 5101.091.4

99.6107. 5104. 598.695. 5

100. 9

97. 796.397. 077. 1

103.6103. 8

99. 794. 6

102. 9116.697. 9

9(J. 004. 3

103. 787. 295. 5

107.2108. 7105. 4110.6

97. 197. 5

102. 3109. 3107. 798.9

100. 1

100. 293.199. 299. 9

102. 1103. 6102. 6105. 0

100. 8103. 1

93.286.4

100. 7101.4102. 194.5

126.498.9

r 104. 1r 101. 1

101.4

106. 0100. 5

100. 0

95. 2100. 2101. 1

99.3101.0

95.398. 399.991.6

99. 8107.8105. 099.195. 7

100. 7

97.696.297. 073.4

103. 6103.8

99. 694. 6

102. 8113.898. 1

98. 994. 3

103.984.894.9

108.0108. 71 08. 5110.0

97. 397.6

102. 2109. 5107. 798. 7

100. 9

99.892. 998.999.3

101. 9103. 6102. 6105. 0

100. 5103. 1

93. 086.4

100. 8101.5102. 094.6

130.799.1

104. 1101.1101.4

105. 4100. 5

100. 4

96. 5100. 3101. 5

99. 8101.0

96. 5r 92.2

99. 195. 8

100. 8108. 1105. 798.799. 0

100. 8

97. 290. 195. 173.5

101. 0103.8

100.095. 3

102. 81 19. 798. 0

98. 893. 9

104. 185.494.3

107.5108.8104. 2108.4

97. 598. 0

r 102. 3109. 5107.698. 4

100. 9

99. 792. 998. 999.0

101. 6103. 6102. 8105.0

100. 0102.6

92.786.4

100.9101.8101.994. 7

130.299.3

104.0100. 7101.4

107. 6101. 0

100.5

97.2100. 1101.7

100. 0101. 0

'97.6r 90. 9

98. 198.5

101. 5108. 0106. 1

r 97. 1

101.0

100. 6

97. 095. 9

r 95. 073 098 4

103. 8

99. 595. 6

102. 8117.897. 2

98. 793. f ;

104. 085. 494. 3

r 107. 010S. 8105. 1

r 106. 9r 97. 4r 97. 7

102. 3109. 4107. 798.2

100. 9

99. 8r 92. 9

99. 199. 0

101.6103. 6102. 8105.0

99.7102. 6

92.786.4

100. 8101. 8

r 101. 794.3

132.499. 3

1 04. 2101. 1101.4

107. 2101. (

101. 2

99. 2100. 2102. 5

101 . 2100. 9

100. 694. 998. 6

104. 4

103. 3107. 8106. 096. 4

106. 7

100. 8

96. 995. 995. 0' ( )

98. 6103. 8

100. 896. 7

102. S120. 1

99. '2

98. 693. 4

104.085. 194.3

107. 5108. 8110. 8106. 6

96. 997. 3

102. 3109. 3107. 798. 1

100. 9

99. 792. 699.098. 9

101.6103. 6102. 8105. 0

99. 5102. 6

92. 786.4

100. 6101.6101. 394. 0

125. 299.4

104.2101. 1101.4

109. 1101. 1

99. 695. 1

99.895.1

100.095.0

99. 694.8

r Revised. i Indexes based on 1947-49 = 100 are as follows: Measured by—wholesaleprices, 83.2 (Sept.); consumer prices, 77.3 (Aug.). cf For actual wholesale prices of individualcommodities, see respective commodities. JData reflect conversion to the 1957-59 = 100reference base period. Monthly and annual data for earlier periods for major componentsappear on p. 20 of this issue of the SURVEY.

O Goods to users, including raw foods and fuels. 9 Includes data not shown separately.©Revisions for Mar.-Dec. 1960 appear on p. 20 of this issue of the S U R V E Y ; those for

Jan.-June 1961, respectively, are as follows (1957-59=100): 102.0; 102.6; 101.7; 100.9; 99.8;99.0.

October 1!K)2 SURVEY OF CURRENT BUSINESS


1960 1961

Monthlyaverage

1961


1962

Jan. Feb. Mar. Apr. May June July Aug. Sept.

CONSTRUCTION AND REAL ESTATE

CONSTRUCTION PUT IN PLACE

New construction (unadjusted), total rail.$_.

Private total 9 do

Residential (nonfarm) 9 doXew housin° units doAdditions and alterations do

Xon residential buildings, except farm andpublic utilities, total 9 niil. $..

Industrial _ _ _ - doCommercial 9 do

Stores, restaurants, and garages* doFarm construction . doPublic utilities do

Public total . _ .- _ _ d o _ _ _

"Von residential buildings doMilitary facilities doTTighwavs _ _ _ _ doOther tvpes - -- do

Xew construction (seasonally adjusted at annualrates) total mil $

Private total 9 do

Residential (uonfarm) doXonresjdential buildings, except farm and

public utilities total 9 mil $Industrial doCommercial 9 do

Stores, restaurants, and garages* _ do..Farm construction doPublic ut i l i t ies do

4, 630

3, 300

1.8791. 308

433

847238348172107444

1, 329

399110455359

Public total 9 do

Xonresidenti'il buildings doMilitary facilities - - d o |Highways do i

CONSTRUCTION CONTRACTS

Construction contracts in 48 States (F. W. DodsreCorp.):

Valuation, total . mil . $Index (mo. data seas, adj.)* 1957-59 = 100..

Public ownership mil $Private ownership _ _ _ _ _doBy type of building:

Nonresident!;)! doResident ial _ doPublic works _ ._ _ .... . doUtilities _. do

Engineering construction:Contract awards (ENK) § do

Highway concrete pavement contract a wards rd"Total thous st'i yds

-\irports - do7?oads doStreets and alleys do

HOUSING STARTS

New housing units started:Unadjusted:

Total, ir.cl. farm (public and private). ,. thous.-One-fan ' i ly structures __ _ _ _ . .do. _

Privately owned _ _ do

Total nonfarm (public and private) , do _In metropolitan areas do

Privately owned do

Seasonally adjusted at annual rates:Total, including farm (private only). . doTotal nonfarm (private only) do

CONSTRUCTION COST INDEXES

Department of Commerce composite1947-49=100--

American Appraisal Co., The:

Atlanta doNew York _ . do

3, 026105

1.0491.978

1,0201,259

5791 69

1,888

9,315(121

5, 0533, 041

108.084. 1

104. 3

ICG. 274. 0

102. 5

144

722793783

San Francisco do 677St. Louis do 700

Associated General Contractors (building only) !1013 = 100- - ! 533

v Revised. ' Not available. 2 Revisions back to Jareport C30-40.

9 Includes data not shown separately.*For data prior to Aug. 1900 for stores, rcstau -ants, etc

data prior to Mar. 1901 for F. W. Dodge index will be shown

4,783

3, 364

1, 8751, 349

428

890230389193123449

1, 420

428114485393

3,114108

1 , 0522, 002

1,0191, 348

5811 60

1,832

8, 939470

5, 3903, 073

113. 081.7

108. 0

110.07S 0

100. 3

145

741810814703720

543

n. 1959

., see Bilater.

5, 402

3,723

2, 1091, 578

428

937213410215100497

1, 079

402113051453

2'58,054

41.281

23, 300

10, 0292, 5884, 6402,3471,6545, 470

2 '16, 773

2 r 5, 0732 '1,195

5, 702

3, 543116

1,1582, 384

1.0S71,589

687179

2, 220

11,705802

7, 0583, 906

130. 196.1

127.0

127. 487.5

124.2

1,3261 301

146

809820706722

547

will app

rcau of C

5, 473

3,740

2 1221, 602

417

949218421220147503

1,733

463138685447

r 58, 896

41, 709

23, 782

10,7112,6104,7182, 3981 , 5905, 4> ) l )

'17, 187r 5, 101' 1,364

5, 960

3. 004103954

2, 050

9871,381

534103

1,657

0, 929304

3, 2033, 423

128. 291 . 5

122. 4

126. 590. 9

120. 7

1,3831, 365

145

809821708722

547

ear in C

Census re

5, 325

3,698

2, 0941,607

383

954221425224127504

1,027

45978

651439

r 59, 037

41,767

24, 026

1 0, 6562, 0084. 6812,3881 . 4725 404

••17.270

r 5, 132r 9('f>

6, 340

3, 291114

1,0212, 270

1,0051 , 498

631150

1 , 869

8, 071174

5,4183, 080

128.994. 1

124. 0

126. 488.0

121.5

1,4341 , 404

145

819821715

547

ensus

ports;

5, 190

3, 003

2, 0531,503

388

948221424228112472

1,587

418165603401

' 60, 744

42, 044

24, 504

10,5402, 5544, 0082,4131,4165 380

r 18. 700

r 5, 175r 1,457

7, OP9

3, 008116942

2, 066

1 . 0951,300

496111

2,071

9, 192

5,1173. 748

105. 574. 1

102. 5

103. 871.9

100. 8

1,3511, 328

144

si's819

731

547

§1mom.

o71

4 wee

4, 659

3, 345

1,8961, 432

366

908221398203

97427

1,314

39179

490354

T 59, 000

41,881

24, 440

10.564

4, O i l2. 4341.3375 337

r!7, 125

r 5, 087' 1.001

6, 235

2. 7.1 2119

1,0911 , 021

8X31,125

597107

1.351

5, 706112

4 , 1 1 4] . 47P

86. 754. 482.4

84. 562. 780.2

1.2971. 257

145

8(5815711731

547

)ata foris, 4 weeData forks.

4,082

2,962

1, 6291,208

324

86322536517592

360

1, 120

38554

332349

r 59, 166

41,077

23. 187

10,9822, 5904. 9282,6121.3165 357

r 18,089

' 5, 058' 924

7, 250

2, 658115922

1,730

8531, 190

88

1, 501

8, 896382

0. 3382. 170

83. 054. 480. 0

81.7

79! 3

1 '>731, 247

145

S25711733

550

Autr. anks.Aug. an*

3,773

2,769

1,4721,078

298

83522434616390

355

1,004

35370

241340

r 56, 714

39, 909

22. 245

10, 8492, 5924, 7562, 4441,2845 '}74

' 16.81)5

••5.116' 1,211

5,414

2, 749119877

1.871

8931, 192

488176

1, 800

6. 3SO4)6

4 , 7 1 21, 257

77. 853. 870. 4

55. S75. 3

1 , 1 521.134

147

824825711733

550

1 Nov. 1

Oct. 196

4, 131

2,987

1,6291, 192

343

83322134816796

410

1,144

39295

279378

'57,748

40, 553

22, 507

11,0332, 653

J:iS1 . 2955 449

' 17, 195

'• 5, 069r 1,328

5, 771

3, 980131

1, 4752. 51 1

1 , H25

800303

2. 151

6. 5304 OS

4,1701,953

117.979. 8

115.4

110.383. 9

113. S

1,4311 , 407

147

824825711735

550

961 and

land Jan

4,600

3,325

1,9281, 345

487

839223348161107433

1, 275

425103339408

' 58, 279

41,747

23,484

11,2342, 7924, 7932. 3531, 3855 388

'10.532r 5, 106r 1,381

5, 057

3, 86012 1

1,2112, 650

1,1021,810

702241

1. 6*7

8, 8888-:- 8

5, 6942, 346

151.6101.7147. 0

149. 5110.6144. 9

1 , 5421.521

148

824825711735

552

Mar., A

. ,May, i

5, 319

3 8^1

2, 3081,514

692

894229383185

470

1, 498

436114509439

'60,764

43. 472

25.018

1 1 . 2572. 8*04! 7522. 2681 . 4665, 481

'17,292

' 5. 1 22' 1.354

5. 830

4. 009117

2. 7S2

1.2754,819

729486

2, 252

9, 7907S7

4, 9734.037

150.4107.7154.2

154.9112.0152.7

1.5791 , 500

147

«i824711738

.ay, and

md July

5, 826

4.112

2,4921, 697

686

971235433225137489

1,714

472157618467

62, 678

44, 842

26,118

11.4032. 9504, 8052, 3521,5315. 539

17,836

5, 2571,5495, 9S9

3, 9001^0

1 3312, 509

1.2421, 656

724277

1.821

10, 846

6, 4453, 674

' 139. 5r 96. 9

r 130. 2

' 137.0r 90. 2

' 133. 7

' 1.425' 1, 399

148

754825825711742

555

Aug. 19

1902 are 1

' 5, 743

' 4, 078

* 2, 388' 1,759

' 516

1,025239469252147

'491

' 1 , 665

461'94643467

' 62, 084

'44,908

'25,987

11,6612, 9625,1102, 588

'1.533' 5, 444

'17,176

' 5, 043'1,170

5, 876

3, 747117

1 2312.516

1,1971 , 023

719207

1 . 90S

8. SOI1.0174. 4433, 402

' 437. 0r 134. 2

' 435. 7' 97. 1

' 132. 3

' 1,448'1,429

148

758833845711743

556

62 are fo

or 5 wee!

'5,813

' 4, 062

' 2, 339' 1, 782

M43

1,039241471246

' 154'503

r 1, 751

'4640)

700480

'62,483

'45,022

' 25, 804

11,8302, 9365, 2732, 688

' 1, 566' 5, 524

'17,461r 5, 067

0)0, 195

3, 631118

1 0302, 591

1,1771,051

(526176

2,184

10,414421

0, 2053, 788

147.1

145. 5

143. 997. 0

142. 3

1,5211,492

148

700833845718743

558

r 5 week

cs; other

5,851

4, 075

2,3351,802

421

1,037245465234152522

1,776

4650)C1)C1)

62, 953

45, 371

26, 059

11, 7232, 9305, 2142, 5491,6495, 623

17,582

5, 1080)C1)

1,621

6, 986123

4,4152,447

148

558

"s; other

months,

S-10 SURVEY OF CURRENT BUSINESS October 1 <)(•>!:


1960 1961

Monthlyaverage

1961


1962


CONSTRUCTION AND REAL ESTATE—Continued

CONSTRUCTION COST INDEXES— Con.

K. II. Boeckh and Associates: 1 *Average, 20 cities:

All types combined 1957-59 — 100Apartments, hotels, office buildings doCommercial and factory buildings doResidences " .-do.- .

Engineering News-Record: OBui ld in<T doConstruction - -do

liu. of Publ ic Roads— Highway construction :tComposite stand mile (a v^ f o r q t r ) 1957-59=100

CONSTRUCTION MATERIALS

Output index :Composite, unadjusted 9 1 - _ 1947-49= 100. .

Se-worallv ' 'ui 'u^ted 9 | do

Iron and si eel products, u n a d . i u s t e d j _ _ _ _ . . d o _ . -T u T i ' b n r and wood products, unadj . j . __ d o _ _Por t l and cement , unadjus ted . . ...do

REAL ESTATE

M ortgage applications for new home construction :*Applications for PI I A commitments

thous. units _Seasonally adjusted a n n u a 'rate do

Request s fo r V 4. appraisals do

f f o m e mortgages insured or guaranteed by —Fed. I lous. Adm.: Face amount . _ m i l . $ _ .Vet -\drn • Face amount do

Federal ITornc Loan Banks, outstanding advancesto member institutions -_mi l . $.-

New mortgage loans of all savings and' oan associa-tions estimated total mil $

By purpose of loan:Home construction doHome purchase doAll othe r purposes do

New n on farm mortgages recorded ($20,000 andunder"1 " stimated total mil $

Von firm foreclosures number

Fire losses mil $

104. 7105. 0104. 7104. 2

10(1 1108. 4

' 94. 1

181. (i

128.0131.71 59. 0

20.2

11.9

388. 38165.42

2 ] , 981

1 , 1 92

890511291

2, 4-154, 279

92. 82

105 6106.8105. 01 04. 5

1 07. ?111.5

1 94. 9

130. 2

180.2180.8161.6

20. 3

~ 14.8

897.101 52. 63

2 2. 662

1 , 4 4 7

42860!428

2, 5966. 090

100. 75

106. 2107. 010f>. 1105. 1

108. 8112.4

153. 1189 2

150. 2151.9199.0

24.4238

17. 4

4H3. 35I S ] , ( i n

2. 00 1

1.703

49S785480

3, 0040. 848

91.63

106.3107. 1106. 31 05. 2

108. 4112.4

95. 1

141.2135 5

1 44. 5137. 71 ss. 3

19. 6222

l.Cf

422. 39167.99

2. 124

1. 594

4 3d695403

6,214

76. 98

106 2107. 1106.2104. 9

108. 3112.4

144. 51°7 7

144.7142. 9193.5

22. 1272

16. 1

432. 48200. 9!

2, 202

1 , 629

464696469

2, '.Ml6, 352

86. 93

106 2107. 0106. 2104. 9

108. 31 12. 5

126. 8132 7

123. 2181. 1165. 3

17. 4265

13. 5

483. 73205.91

2, 2S8

1 . 529

436645448

2. 7546, 564

1 1 5. 85

106. 3107. 1106. 8104. 9

108. 2112.5

109.5127 7

105. 8113.9139. 9

16. 4299

11.0

425. 65197.11

2. 662

1, 500

417,"98485

2, 5796, 151

109. 52

106 4107. 3106. 4105. 1

108. 3112.5

114.8] • > • ) ^

112.3122. 5102.0

14. 5

i - > o

480. :>A226. 58

2. 320

1.328

353550120

2. 4597, 103

133. 4 S

106 5107. 4106. 5105. 1

108. 7112.9

1 1 4 . 31»q •>' '

116.5127. 791. 6

18. 7239

12. 0

397. 95175.44

1 . 303

362509432

2, 28s6, 382

115.86

106 5107. 4106. 5105. 1

109. 1113. 3

97. 4

1 34. ~>13(i *>

138.8139.3122. 4

24. 6246

19. 0

418. 17204. 97

2, 151

1.611

4646885 1 4

2. 0277.441

1 1 4 . 4 2

107 0107. 9106 9105. 6

109 2113 6

133 °

139.2188. 3168.0

22.7240

16. 3

371. 89181.81

2. 823

1.661

512635514

2 7047 055

106. 14

107 6108. 6107 6106. 2

r 109 9r 114 7

149. 4139 0

150.5149.9201.7

23. 1233

17. 8

402.801 83. 76

2. 42!)

1 . 857

584739534

2,9837 .214

1 1 4. 53

107 9108. 9107 9106. 4

r 109 9T 114 8

97 0

' 144. 6r 135 9

r 146. 3

138.5193.2

20. 4212

14.7

103. 77206. 90

1 . 936

T'*828541

3, 075

95. 99

108 5109. 410S 510(5 9

• 110 6T 115 4

132.8187 '">

128.4128. 0199. 7

19. 8219

17. 1

482. 60219.34

2. *60

T 1 , S30

r 515r 796r 528

3. 134

94. 79

108 7109. 71(>8 6107 2

i l l 1116 0

19. 8197

15 5

464. 78247. 35

2. 948

1.965

528903584

.

04. 5S

"111 1

« 115 8

15.41S9

12 1

. .

DOMESTIC TRADE

ADVERTISING

Printers' Ink advertising index, seas, adj.:Combined index __ .. .1947-49= K M ) . .

Business papers doMa ( ra/ines do

Newspapers doOutdoor doRadio (network) doTelevision (network) 1950-52—100

Television advertising:Net work :d"

Oross time cos ts total mil $•\utomotive incl accessories doITrugs and toiletries doFoods, soft drinks, confectionery d o ^ _ -

Smokin T mitori'ils doAll other do

Spot (national and regional):Gross time costs, total do

Automotive, incl. accessories doF")rii'rs and toiletries do

q. i ? < tf> -''f 1 ' d

All other do

M agazine advert! sing :Cost total do

Apparel and accessories doAutomotive, incl. accessories . _ do. .-Building materials doDrugs and toiletries do - . .Foods, soft drinks, confectionery do

Beer wine liquors doHousehold equip., supplies, furnishings. .doIndustrial materials doSoaps, cleansers, etc.. doSmoking materials doAll other do

235246188

21016023

462

56. 94. 6

1 6. 310. 8

5. 86. 4

13 0

3 1 50. 8

71.14.77.83.06.79. 8

4 .25.64.6.8

2.221 7

233246185

20114320

483

' 178.0' 12. 0i 52 0' 36. 7

i 19 2121.2i 37 o

i 154 .41 4.8

1 30 2i r>2 51 18 0

i 7 41 41 9

69. 74.57.02.56.6

10.2

4.34.83.8.7

2.422.9

23723(5176

%26

538

47.44.82.71. 84 .67. 4

2.52.32.7

2 ^ 216.0

2452501 92

ll22

518

166. 28.7

51.933 '•*

•>() 9s>3 3•>8 9

127. 64.0

24 538.4

16 16. 3

38. 4

80.08.67. 13.6

9.'0

3.86.24.8.6

2.625.8

237256187

18913923

526

::::::::

89. 86.0

11.02.98.7

13.0

5. 18.05.21.12.3

26. 5

244250183

22313223

530

84.75.19. 41.87.7

12.3

5.87.14.8.9

2.627.4

244254194

212140

19520

1 98. 616.358. 439 8

17 3°1 745 7

177.84.5

37.361 0

17 4

50. 2

68. 53.35.8.9

7.19.3

7.54.23. 6

. 52.9

23.2

210251190

2071 32

19516

244248190

2161'JK20

533

48.91.46.91.04. 47. 5

2.41.92. 1'.3

1.919.2

66. 92.77.32.46.3

12.3

3.33. 12.5. 7

2.823.6

240254184

20012820

544

194.612.760. 74° 7

19.6°1 937 0

182. 14.2

39.764 5

21 58.4

43.8

81.35.09.33. 57.0

12.5

4.74.93.6.8

2.627.5

243268194

196131

18533

87.17.2

10.83.67. 5

11. 1

3. 77.24.2.8

2.628. 5

240242192

19613820

550

82.05.79.23.77.8

10.1

4.67.54.3.7

2.926.0

239248189

19113321

551

193. 212 258.139.1

20 921 741 2

189.47. 4

31.862 8

23 59.0

54.9

72.92.97.6o a2.68. 1

10.3

5. 15.04. 1.6

3.523.2

240261!86

193140

549

::::":.|:::::::~ii11

51.7.9

4 .41.76.48.8

3.63.43.2. 6

2.716. 0

50. 25.23. 61.45.07.1

2.82.43.3.7

2.516.3

3 Quar-r Revised. * Quarterly average based on quarterly data. 2 End of year,terly average based on revised annual total; breakdown not available.

^Copyrighted data; see last paragraph of headnote, p. S-l. *Nevy series; data prior toJune 1961 will be shown later. O Revised to reflect data as of 1st of indicated month andshift to 1957-59 = 100 reference base. fRevised to reflect current specifications and baseperiod; data prior to 4th qtr. 1960 are available upon request.

9 Includes data for items not shown separately.^Revisions for 1955-Mar. 1961 (1959-1960 for lumber and wood) are available upon request.cf Revised beginning 1961 to provide for horizontal contiguity rate structure, wherein a

single advertiser might obtain a lower basic rate through the purchase of time across-the-board; not directly comparable with earlier data.

« Data for Oct. 1, 1962: Building cost, 110.9; construction cost, 115.8.

SURVEY OF CURRENT BUSINESS S-ll


1960 I 1961

Monthlyaverage Aug.

1961

Sept. O c t .1

Xov. Dec. Jan. Feb.

1962

| |Mar. ! Apr. j May June July Aug. Sept.

DOM E STIC TRAD E—Con tinned

ADVERTISING Continued

Newspaper advertising linage (52 cities):Total rail . lines

Classified doDisplay total do

Automotive doFinancial doGeneral _ „ doRetail do

RETAIL TRADE

All retail stores:Estimated sales (unadj.), totalj© mil. $..

Durable °ood> stores 9 © doAutomot ive group© _ -- do.

Motor vrh. , other automotive dealers-do. _ _ _Tire, bat tery, accessory dealers© do

Furniture and appliance group _ _ do. _Furniture, hornefurnishings stores doHousehold appliance, TV, radio do

Lumber bui ld in i r hardware group doLumber, bldg. materials dealers d71 doHardware store1-; do

Nondurable uoods stores 9 - do\pparcl g ro i i f ) do

Men's and boys' wear stores doWomen's a p p a r e l , accessory stores do... __Family and o t h e r apparel stores doShoe stores . do .

Drug and proprietary stores do"Ka f iner and drinking places doFood group do

Grocery stores doGasoline service stations do

General merchandise group 9 doDepartment stores doMail order houses (dept. store mdse.) _ doVarietv store^ do

Liquor stores do

Estimated sales (seas adj ) totalt© do

Durable goods u tores9 © doAutomot ive group© do

Motor veh other automotive dealers doTire bat tery, accessory dealers© do

Furniture and appliance group _ . _ d oFurniture, homefurnishings stores _. .doHousehold appliance, TV, radio do

Lumber, building, hardware group _ _ . d o __

Hardware stores _ do.

Nondurable goods stores 9 doA pnarel 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 doFating and drinking places doFood group do

Grocer v stores doGasoline service stations do

General merchandise group 9 ._ doDepartment stores doM ail order houses (dept. store mdse.) doVariety stores do

Liquor stores do

Estimated inventories, end of year or month: {Book value (unadjusted), total bil. $._

Durable uoods stores 9 _- do_ _Automotive group _ -doFurniture and appliance group doLumber, building, hardware group do

Nondurable goods stores 9 doApparel yroup doFood trroup _ _ doGeneral merchandise group -do_ ..

Book value (seas, adj.), total doDurable goods stores 9 . do

Automotive group -doFurniture and appliance group.- _ _ _ d o _ __Lumber, building, hardware group do

Nondurable goods stores 9 - doApparel group. _ _do._Food group doGeneral merchandise group do

240 701.3

179.513.84.5

28.8132 4

38,21)4

5 8943, 2923, 082

211

883504319943718224

12,4001. 142

218444276204

0281,3414, 4804. 0281,400

2,0011, 102

155325407

25. 9811.724.881.902. 35

14.203.163.143.89

27. 1812. 335.271.952.44

14.853.303.144 90

r Revised. ' Advance estimate. f D a t a for retail sasales and inventories (1940-47) have been revised for com])figures are available upon request. 9 Includes data not sibeginning Feb. 1961; revisions for Feb. -Apr. 1901 will be

231. 458. 1

173. 312.34.9

20. 9129. 1

1 s. ?3 1

5, 0083.0702. 870

200

80554731*91370021 3

1 2, 0201 . 1 44

222439282201

0451,3074,0184.1591 49 s

2 0701 213

101340409

25. 7811 . 034.381.882. 25

1 4. 753.223.314.04

20. 801 1 . 52

4. 091.922. 33

1 5. 343.413.314.44

es (1940-irabil i tyo\vn sejshown

2^4 401. 3

103. 110.83.8

21.8120. 7

1\31r)

5, 702

2, 745230

914583331

1.057838219

12.0131.039

182399200198

0301. .7)74. 044•1, 1721 010

2. 0321. 177

103330398

18 17?

5, -103?, 9262. 721

905

SS3

320914

211

r> 7091. 177

230453289205

0441,3454,0844,2141 . 503

2. 0821 208

103350409

25. 7010.743.861.892.34

14.963.383.224.30

25. 9811.01

4. 151.902. 35

14. 973.313.274.28

-50) andwith la

aratelv.later.

231 859. 1

172.713.74.2

20. 9127.9

IS, 149

5, 377

2', 510212

879553320985

210

12,7721,153

201438285229

0291,4404. 8104, 3571 519

2.0701,225

150331403

18 131

5. 0103, 1092, 893

916

876556320875

205

V> 5'>i1.106

218430205193

6411 , 3774,0024,1531,511

2,0751 225

157331380

26.2610.723.811.912.31

15.543.593.284.58

26.3411.264.381.892.34

15.093.333.314.32

for whoer data;

©Recf Coni|

200 963. 2

197. 813. 9

34. ?144. 0

IS. 751

0, 0373] 2983. 082

210

915591324

1,028824207

12,7141,188

224402299203

0341,4094, 5234, 0701 550

2, 1051,284

178337.397

18 577

5, 8553, 2083, 050

212

880502318918

199

12 7221,173

231453282207

(5441,3094, 0404,1831,521

2, 1011, 210

100349411

27. 0010. 903.901.952. 30

10.043.713.384.81

20. 4011.254.371.892.33

15. 143.393.324.34

esalenew

vised)rises

201 357. 5

203.913.04.8

31.51 54. 5

19,? 15

0, OSO3, 3S93. 180

209

90!)01 4310919743200

13,1291.201

952483329197

0101 . 3594. 5954.1401 514

2, 4591 . 452

237375430

19,098

6, 1903 0003. 392

''08

860545321930

201

19 9081,187

229459295204

0751,3984, 0944, 2441,519

2,1051,245

174370421

27.7111.204.121.992.30

16. 453.703.484.94

26. 7511.444.581.892.36

15.323.393. 394.32

lumbetl

appeare q ues

242. 850. 8

192.08.95. 0

23. 3154.3

3. 130•2, 80?

1, 1S1718403900020280

Hi. 5742,051

449770550282

8901, 4?15, 1084, 0701 540

3. 8532, 293

248724047

is, 827

5,9153, 2773. 050

914

337949

12 9191, 104

218445294207

0931.4074, 0314, 1901, 539

2. 1841,311

158347409

25.7811.034.381.882 . 25

14. 753. 223. 314.04

20. 8011.524.691.922. 33

15. 343.413. 314.44

r yards,letail invr on p. :t.

201 355. 7

145.610.7

7. 818.7

108. 4

' - 10 . 94?

5. 1743. 1002.931

7S1492289087

105

Ml. 70S94S190301

1 00

0511,2724. 4704,0131.447

' 1.032945131249378

r \ 8. 835

5, 9203' 3483. 120

885509310927

213r r> 915

1. 185224447300214

1,3874.0844, 2301. 543

r ' 2 . 1331, 232

103300431

25.8211.374.701.852.28

14. 453.093.243.98

26. 8611.524.691.932. 34

15. 343. 403.324.43

juildinirentories4 of the

198 954. 1

144.811.4

4 .423. 4

105.0

M5. 98?

4, '.ISO

2, 83?

401?0405?501151

Ml. 00?79514931?1 89145

0221 . 1 854.3143. 9021,333

r 1.513

8")01?!205300

MS. 905

5, 9773. 3013. 138

293

8795583?193?

210

M l > 9881, 170

218438297217

0651,4144, 7324, 2801, 539

' 2. 1381. 241

159360432

26. 5611.624.961.872.32

14.943.253.314.20

26. 9011.484.661.932.34

15.423.393.344.44

materiallave beeDec. 19

236 902. 2

174.712.7

£\

' IS. 970

0, 1393. 7SM3. 57! >

201

SI45322S2810h?31 93

M?. S311,003

180418203190

0571 . 3HC,4, 9714. 5??1, 4X7

T 1, 9001. 140

14532439.'

M9. ?OC,

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i. 3?9

240.003. 0

1 82. 413. 7

135.0

0. "S43. 7033 54!

?!9

7S9529200950728'»0

12. SSS1.307

2214903?0270

0431.3714.5204.0731,511

1 . 253i 50

3^s

l . » . 5 ^ t i

0. 3323.oio3 4??

256. 905. 9

190.91 5. 1

4 . 430.5

140. 9

20. 144

0, S?S\. 0203 "SO

240

S70

2991.003

814249

13.3101. 183

221403285214

OC>91.4SOK7914. 3201 . 577

?. 206

' KV-i351

19. 43?

< » . 1 0 93. 520

oox— S _.. . j „.,

SSS ; S8> s70570312937

•>•»

T 13 OSO1.217

232404300215

0581.4414, 0804, 2371. 552

• •2 ,2461,323

162380409

27. 3711.834. 991.922.44

1 5. 543.413.374.43

20. 7811.384.541.932.38

1 5. 403.353. 354.41

s dealersn revise'')! SURVI

5S2300972

')]()

13 9641.207

231450304' '22

0751 , 4204,7874,3181 , 547

2, 2531 . 308

171379443

27. 5411.995. 041.972. 50

15.503.413. 354.40

20. 8711.434. 541 . 962.41

15.443. 393. 334. 44

, and pabeginni

:Y; those

50?314940

°1S

I'i l)031. 190

230451304205

0771 , 4444, 8014,3351.533

2, 2081.320

107376433

?7. 4411.985. 041.942. 49

15.403.353. 374. 4?

?0. 941 1 . 4?4. 541 . 93?. 40

15. 523. 403. 304. 40

n t , pi inig 1940.for t h e

1?. 3105.314.?

•11120.0

JO. 184

0 7S63 , 9 4 43. 097

891580314

l . O O S8?9?39

13.3981.1 'Jl

233407?09212

0071.5375.0334. 5031 . 023

?. 1 40

35?!?0

19.089

0. 0293,4303. ??0

?10

SOI505J909?3

207. 001. 7

145.312.05. 4

19.010S. 3

19. OOS

r K 330r 3. 507r 3.334

r ?33

" S73• 573r 300

r 1.070'• S50r '_>'_>0

M2. 73S• 971r 1S5r 3< iS

T IS?

' 040' 1,500r 4. 733r 4, 207r 1.017

r 1. 930r 1.110

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- 0.37s•• 3. 05Sr 3, 440

r ?l?

r 90S- 004^ 304' 978

' M O i r M5!

13 000 ' i '"1 '^'*-i1.114

208431

198

0801 . 4044, 7??4.' 2091 . 553

?. 1981.299

100357418

27. 0211.774.871.922.48

15.253. 263. 344.34

27. 0811.454. 551.92?. 43

15.023. 433. 344. 52

) i ng , arRevisio

earlier r

r 1.200" 229

:$fr 208

T 074r 1.404r 4 S3 5r 4. 30Sr 1 . 525

' 2, 287r 1.344

107-374M33

' 26. 9111.704.881.912. 40

* 15. 15r'3. 19

3.28r4.38

r 27. 1811.594.071.94

r 2. 14

'15.59Mi 41

3. 30' 4. 54

id electris for Deeriod ar

229. 804. 0

105. 111.33. 5

20. 0130.4

M9.833

r 0, ?99' 3, 3SO

3,157

<• 93S022310

1,092870210

'13 534r 1 . 099

19?414273220

r (558r 1,03?r 5, 000r 4 .517r 1.071

r \ 20SISO309443

M9. 551

r r,. 1073. 3SS3. IS!

207

S9959?307948

'>10

'13,4411 . 229

237403300229

(5731,4034, 8594. 3871 . 557

2, 2801.305

181383453

20. 0411. 154.211.922. 43

15. 503.423.284.53

27. 0411.494. 581.922. 45

15.553. 403. 324. 50

cal storec. 1957-S(* availal

i IS. 551

i 5. 4 \ 9i 2.001

; S50

i 13. 13?' 1 . 2 1 1

' r-37' 1 . 54 11 4. 7901 4 . 3?3i I 548

1 ?. 1701 1 . ?0()

• 19.351

' 5. 905

1 \'J> MO

S.>pt . 1900le upon



1960 | 1961

Monthlyaverage

1961


1962


DOMESTIC TRADE—Continued

RETAIL TRADE-ContinuedFirms wi th 4 or more stores:

Estimated sales (unadjusted), totalf mil. $..Firms with 11 or more stores:

Estimated sales (unadj . ) , total Q*J - do

Men's and bovs' wear stores doWomen's apparel, accessory stores _ -doShoe stores do

Drug and proprietary stores do .Eating and drinking places doFurniture homefurnishings stores do

General merchandise group 9 doOept stores, excl. mailorder sales do_.Varietv stores do __

Grocery stores- doLumber yards, bldg. materials dealers d"_ -doTire, battery, accessory dealersl do

Estimated sales (seas a/dj ), total 9'- do __

\pparelgroup9 doMen's and bovs' wear stores doWomen 's opparel accessory stores doShoe stores do

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

General merchandise group 9 doDept stores excl mail order sales doVariety stores do

Grocery stores doLumber yards, bldg. materials dealerscf-.doTire battery accessory dealers'" do

Ail retail stores, accounts receivable, end of mo.:*Total mil . *

Durable Foods stores doNondurable foods stores do

•C h arge accounts do

Department stores:Ratio of collections to accounts receivable:

Charge accounts. . __ percent .Installment accounts do

Sales by type of payment:Cash' sales " percent of total salesCharsre account sales.. _ - do . - .Installment sales do

Sales, total Uni ted States: tnnftdjustcd 1957-59=100Soasonallv adjusted _ _ do

Stocks, total U.S., end of month:£Unadjusted - do ..Seasonally adjusted do

WHOLESALE TRADE f

Sales, estimated (unadj.), total bil. $..Durable goods establishments - _ _ d oNondurable goods establishments do

Inventories estimated ( u n a d j ), total doDurable goo establishments doNondurable ods establishments do

4,724

4, 223

99399

11885

1219337

I , 290781251

1,7856982

_

' 12,9376, 1046 8337, 122

I t i15

134215

106

109

12.334.447. 89

i 13. 216. 616. 60

5, 127

4 378

29730

12086

1279538

1,354823262

1,8436383

1 13,0535 9037 1507, 161

4715

434216

109

110

12. 564. 288. 27

i 13. 496.686.81

5, 067

4, 329

27099

111

7911910137

1,344806260

1, 8027690

4,437

32332

I9 390

1 '?39336

1 36°810979

1,8656284

11,6845, 8935 791

4815

434116

100110

109110

13.344, (148.70

13.546. 836.71

5,273

4 499

30"24

12297

12210136

1 352834

1, 9537189

4 377

288'?8

19082

1°69836

1 350827261

1 8566187

11 8385 8665 97°6, 626o, 212

4615

424216

109110

118111

12.614. 428.19

13. 576.826. 75

5, 231

4 414

31032

12585

1229841

1,421872261

1, 7717487

4,432

30832

12590

1269638

1 379830276

1, 8456488

12, 2006, 0166 1846,819

4810

414316

112109

125112

13. r,94. 748. 95

13.746.776. 97

5, 592

4 716

33537

13885

1309843

1 610975286

1 , 8436485

4, 516

3133!

12890

13510037

1 410851279

1,8776387

12, 3685, 9586 4106, 886

49

494216

134112

129112

13.644. 559. 09

13.786.747.04

7, 466

6 364

54264

229129212100

50

2,5171,517

5502,135

51116

4 569

30230

12581

141100

41

1,434916

1,8996390

13, 0535, 9037 1507, 161

4816

454015

204113

103113

12. 874. 228. 65

13. 496.686. 81

4, 564

r 3, 866

294248570

1249332

'• 1 052642183

1,7844279

r 4, 501

31430

12695

13310139

r I 408848268

1 8655699

12,3015 6986 6036.' 81 2

4716

494018

83109

101114

12.334,148. 19

13.596.726.87

4, 306

r 3. 673

198187964

1188831

r 965576196

1.7444464

T 4 523

313

12597

1359936

r 1 407858979

1, 8906388

12, 0075, 5306 4776,541

4015

424117

110

107114

11.573. 907. 61

13. 566.796.77

5, 252

r 4. 508

9 7 325

10889

1309841

r I 253775241

2, 1005480

r 4, 653

31131

12495

133100

41

r 1 511941288

1 . 9036491

12. 1355. 6096 5966.5625.5-3

5016

42

16

95117

116116

^8. 46

13. 686.966.72

EMPLOYMENT A1ND POPULATION

POPULATIONPopulat ion, U.S. (incl. Alaska and Hawaii):

Total, incl. armed forces overseas§ n i i l_ .

EMPLOYMENT 0Noninsti tutional population, est. number 14 years

of age and over, total, unadj "mil..

Total labor force, incl. armed forces thous..Civil ian labor force, total do

Employed, total . _ ... . do_-Agricultural employment do.Nonagricultural employment do

Unemployed, total doLong-term (15 weeks and over) do

Percent of civilian labor forceNor in labor force.. __ __ . thous

Civilian labor force, seas, adj.* doEmployed, total do

Agricultural employment doNonagricultural employment do

Unemployed, total doPercent of civilian labor force

2180.68

125. 37

73, 12670.61266, 681

5, 72360 958

3 9319565.6

52.242

2183.74

127. 85

74, 17571,60366, 796

5, 46361,333

4 8061, 532

6. 753, 677

184. 01

128. 18

75,61073, 08168, 539

6, 32562,215

4 5421,440

6. 252, 573

71 , 78966. 998

5. 66261,417

4, 887fi 8

184. 29

128.37

73, 67071, 12367, 038

5, 66661, 372

4, 0851, 257

5. 754. 701

70, 98166, 243

184. 57

128. 57

74,34571,75967, *24

5, 96461, 860

3, 9341,240

r (^

54, 226

71,4736fi X'»

5^156 5.47261,188

4, 8676 »

61,3694, 762

6 7

184. 84

128. 76

74, 09671, 33967, 349

5, 19962, 149

3, 9901,137

5. 654, 659

71 , 48267. 1 485,311

61,8404, 370

6 1

185. 07

128.94

73, 37270, 55966', 467

4,41862, 049

4, 0911J233

5. 855, 570

71, 27266, 936

5, 20461,618

4, 274f i f )

185. 29

129. 12

72. 564

185. 51

129. 29

73. 21869. 721 70, 33265. 058 65, 789

4 .417 i 4,' 578(V). 641

4 663L252

6. 756, 554

71,43567, 278

5, 45361 ', 690

4,1595 8

61, 211

4, 543MSI

6. 556, ( )72

71,84167, 894

5. 60362, 2C6

4, 008R fi

185. 71

129. 47

73, 58270, 69766, 316

4, 78261, 533

4, 382l[ 485

6. 255, 889

71, 77467, 947

fx 56062'. 2803, 914

f, ^

185. 94

129. 59

3 73, 65470, 769

3 66, 8244.961

61,863

3, 946I , 483

5. 655, 933

3 71, 4843 f)7 t 499

62! 2363, 963

186. 15

129. 75

74, 79771. 92268, 203

5, 42862, 775

3, 719l] 274

5. 254. 956

71, 85067. 9315' 214

62'. 7753 QOS

K ^ ! ' n 1

-Revised. F Preliminary. ' E n d of year. 2 As of Inly 1. 3 See note"©". Monthly labor force data M943 -60) appear in" Emnioymen

186. 37

1 29. 93

76. 85774. 00169. 539

6. 29063, 249

4, 4631, 033

6 053, 072

71. 70667 711

5, 19062'. 7473, 917

5 5

186. 59

130.18

76, 43773. 58269. 564

6, 06463, 500

4 018'9215 5

53, 746

71 , 578

186. 85

130. 36

76, 55473 69569, 762

5, 77063. 993

3 932'934

5 353 805

72. 39267 735 ' 68 194

5 143 5 166

187. 11

130. 55

74,914-•) 17968 668

5,' 56463, 103

3 512'906

4 955 63 1

72, 03567 854

£ HA'}

62,809 ! 63. 172 \ 62.9143, 828

' * Q

t and Earning?."

4, 218 ^ 4 1675 8 5 8

BLS (Feb. 1962).1 Revised beginning Feb. 1961; revisions for Feb. -Apr. 1961 will be shown later. J Re vised scries, reflecting (1) adj ' i s tni -nt to 1958 Census of Business benchmarks. (2)£ Includes data not shown separately. shift to 1957-59 base per iod , and (3) 'roviyw of seasonal factors. Revisions beginn TIP- 1947J" Comprises lumber yards, building materials dealers, and paint, plumbing, and elec- appear in the F E D E R A L RESERVE BULLETIN, luly 1962. ©Beginning \pr 1962 not strictly

rri 'v-i l stores. tSee corresponding note on p. S-ll. §Revisions (1950-61) are available. comparable with earlier data; see luly 1962 SURVEY."New series. Back data for accounts receivable are available from Bureau of the Census.



1960 | 1961

Monthlyaverage Aug.

1961

Sept. Oct. Nov. Dec. Jan. Feb. Mar. Apr.

1962

May June July Aug. Sept. p

EMPLOYMENT AND POPULATION—Continued

EMPLOYMENT— Continued

Employees on payrolls (non agricultural estab.):fTotal unadiustedt- thous

Manufacturing establishments doDurable goods industries doNondurab1e foods industries do

Mining, total? _ _-.doMetal doCoal minin0 ' doCrude petroleum and natural gas do

Contract construction. _ _ . _ _ _ _ _ _ d o _ _Transportation and public utilities? do

Railroad transportation doLocal and interurban passenger transit _ _ d o

\ • . f,., ^ " f f i rm ^ 1Tolcphon0 communication doElectric, gas, and sanitary services do

Wholesale and retail trade doWholesale trade _ _ _ _ _ d oRetail trade do

Finance, insurance, and real estate doServices and miscellaneous doGovernment do

Total, seasonally adjustedf doManufacturing establishments do

Durable goods industries doOrdnance and accessories doLumber and wood products doFurniture and fixtures doStone, clay, and glass products. _ _ doPrimary metal industries do

Fabricated metal products doMachinery doElectrical equipment and supplies do

Transportation equipment doIns t ruments and related products doMiscellaneous manufaeturin0 ind do

Nondurable uoods industries doFood and kindred products doTobacco manufactures doTextile mill products _ do\pparel and related products doPaper and allied products do

Print ing, publ ishing, and allied i n d _ _ d oChemicals and allied products doPetroleum refinine. and related ind doRubber and misc. plastic p r o d u c t s _ _ _ d oLeather and leather produces do

Mining doContract cons! ruction doTransportation and public u t i l i t i e s doWholesale and retail trade doFinance insurance and real e s t a f e doServices and miscellaneous doGovernment „ _ do

Total, unadius tedt thousSeasonally adjusted do

Durable goods industries, unadjus ted . _doSeasonally a d j u s t e d lo

Lumber and wood products , loFurniture and f ixtures loStone, clay, and glass products loPrimary metal industr ies lo

Blastfurnaces , steel and rolling mi l l s do.....Fabricated metal products d )Machinery d >Electrical equ ipment and supplies d >Transportation equipment? d )

Motor vehicles and. equipment d )

Instruments and related products doMiscellaneous mfg. industries do

Nondurable goods industries, unadj doSeasonally adjusted do

Food and kindred products doTobacco manufactures doTextile mill products doApparel and ''elated products doPaper and allied products do

Printing, publishing, and allied i n d _ _ d o . _ _ -Chemieals and allied products doPetroleum refining and related i n d _ _ _ d o

Petroleum refining doRubber and misc. plastic products. _ _ d oLeather and leather products do

54,347

16, 7629,4417,321

70993

182314

2,8824,017

887283

874191706613

11,4123, 0098, 4032, 6847, 3618, 520

i 54, 34716, 7629, 441

187(537383595

1,229

1,1281.4711, 446

1,617354392

7,3211, 793

94915

1,228593

917830212374366

7092 8824.017

11,4122, (5847,3618, 520

12,5(52

7,021

89570319483992471869

1,030' 987

1, 1335(5(5392232316

5,541

1,21183

8271,094

474592511138113289323

54, 077

16, 2679,0427, 225

66687

156309

2, 7(503, 923

820270

875197695611

11.3683, 0088,3612, 7487,5168, 828

1 54, 07716, 2679, 042

201600367567

1, 142

1,0761,4011, 436

1, 52234(5382

7, 2251, 780

90880

1,200590

9268302033(55361

6662 7(503, 923

1 1 . 3(582, 7487,5168, 828

12, 044

6,613

945353044559144288209649(53

1,035492379222306

5, 431

1,19179

7931,067

470596506131107280319

54, 538

16,5319, 0837,448

86154315

3. 0753,971

835257

89120370!623

1 1 , 3423, 0448, 2982,8017, 6068, 535

54, 33316,3819, 131

202603371578

1,174

1 , 0941 , 4041,444

1 , 530349382

7, 2501 , 770

90882

1,213592929835205372362

6(552, 7703, 939

11,410

1, 54(58, 8(55

12.27412, 156

6,6416, (599

945683114779404478319509(58961430368222317

5, 6335, 4571,318

89802

1. 100475594509135109284327

54.978

16,6469, 1897, 457

67688

155311

3, 0213,971

826268

907203694616

11,3783, 0358, 3432. 7707.6128, 904

51,3041 6, 3-:39.105

203(503370573

1,179

1.0901.4001,428

1 , 528350381

7.2181 . 7(59

96880

1,194589

927832202372357

6662, 7543.939

11.3(;32, 75(57. 5678,93(5

12, 10712,101

6. 753( 5 , 673

97

3144779554578H9960982

1.013470379

326

5, 6545, 4311,335

106801

1,08247659950913310S292319

55, 065

16, 6079, 2017, 406

66886

156306

2, 9813, 953

822268

913202689608

11,4503,0498,4012, 7587,6189, 030

54, 38516,3619,112

208600372574

1,174

1,0911 , 4091 , 455

1 , 496349384

7,2491,787

91882

1 , 204591925835204370360

6(512, 7583, 929

11,3(552, 7(547, 5808, 967

12,37912,129

6, 7716, 67(5

98555317470950451848955997

1 , 021469383226334

5, 6085, 4531,286

96806

1,087477602510132107294317

r Revised. v Preliminary. 1 Total and components are based on unadjusted data.t Revised series. Beginning with the Nov. 1961 SURVEY, data for employment, hours,

earnings, and labor turnover have been adjusted to the Mar . 1959 benchmark and havebeen converted to the 1957 SIC. Effective Jan. 1959, the data include Alaska and Hawaii.

55, 129

16,6589, 3297,329

66788

157306

2, 8253,943

816267

913199688606

11,6113, 0518, 5602, 7577, 5969, 072

54, 52516,4669,213

206602373570

1,178

1 , 0971,4121,456

1,579351389

L79187

8841,203

593

928837197373360

6(552,7193.927

11,3742, 771

8! 992

1 2. 41 412,225

6,8836, 766

985423164(5395344(585(5960

1,0121,124

5(5439022931-50

5, 5315, 4591 , 220

82805

1,092478604510126102296320

The rwithBulle

o

55,503

16,5569,2977,259

65785

156306

2, 5753, 927

824269

895200686604

12,1.813, 0629,1192,7567,5739, 278

54,49216,5139, 244

206(500375565

1,184

1,0981.4181,471

1 , 588352387

7. 2691,782

89886

1,211597

929839197377362

(5542, 6993.911

11,36(52, 7707, 6428, 937

12, 30312, 257

6. 844

9852(53144499(50450851977

1,0131, 123

5(55

3075, 4595, 4(501 , 1 59

81801

1 , 08 1477602511124101296322

evision ithe re vistin No. 1Includes

53, 737

16, 3709, 2227,148

64786

154305

2,2983,863

801270

867200684602

11,2703,0218,2492, 7477, 5109,032

54, 43416, 4569,217

207598372559

1, 194

1,0921,4161,477

1,569351382

7, 2391,778

89884

1, 196593926836200377360

6532, 5943, 906

11,3842, 7727, 6409, 029

12,11812, 1976, 7646, 760

97507308432961460840982

1,0081,111

555

225288

5, 3545, 4371, 109

79792

1,062470592509127105294319

iffocts al>cl data.312 ($3.0data fo

53, 823

16,4529,2877, 165

64286

153302

2,2823, 863

799267

872201684600

11,1883,0218, 1672,7497, 5459, 102

54, 77316,572

9,312207612375563

1,211

1,0971,4211,495

1,595352384

7, 2601, 776

89884

1 , 20(5595929841200381359

6532, (5943, 9 1 4

11,4472,7747, 6759, 044

12,18712,300

6, 820(i, 84(5

96513310432984470837997

1,0131,111

553

295

5, 3(575, 4541 , 088

793J , 093

468593512127105295322

. series;Unpubl

J), avail;r industi

54, 056

16, 5259, 3397,186

64086

149302

2, 3283, 880

803262

879204685600

11,2233, 0228. 2012, 7547, 5739, 133

54, 90116, 6829, 385

210610379562

1,217

1, 1091,4371,510

1,611355385

7, 2971,777

90886

1.227599931842199384362

6542, 6483, 927

11,4602. 77(57, 6819, 073

12,24012,387

6, 8576, 903

96509311435991474843

1.0141.0141,118

551

2995, 3835, 4841,08(5

69794

1,106471596518127105295322

>reviousished re'ble fromies not

54, 849

16, 6369, 4227, 214

64787

146302

2, 5893,904

808267

887205687601

11,4703, 0288, 4422, 7707, 6909,143

55, 26016,8489, 490

211611382571

1,223

1,1241.4531, 528

1.637356394

7, 3581,788

88889

1 . 258(502

934847199384369

6562, 7343, 935

11.5462, 7787, 6759, 088

12,33812, 541

6, 9317. 000

98

313454991473851

1,0251,0191, 118

557

226308

5, 4075. 5411,111

(5679(5

1,09(5475

596527128105294318

y publisdsions (rGov't. I

shown si

55, 209

16, 6829, 4757, 207

65788

145304

2,7493, 924

815266

893207688602

11,4763, 0348,4422,7807.7699, 172

55. 40316,8919,544

213609387579

1, 199

1,1351. 4601, 541

1, 663359399

7, 3471, 776

88890

1,248604

93584919939236(5

(5592, 71(53, 93(5

11. 59(52, 7867, 6929.127

12.37212, 5666. 9757, 037

9X54(53144679644468(51

1,0261 1,025

1, 133573

227315

5, 3975, 5291.121

(54797

l .OSO475

525129104298313

hod est irior to S} -in t ingparately

55, 777

16, 8709,5477,323

66189

143308

2,8393, 965

819261

919208692613

11,5823, 0748, 5082,8087,8819,171

55. 53516,9239, 555

21361 1386581

1. 163

1,1311.4701, 554

1, 687359400

7, 3681,774

87891

1,25760(5

937853199399365

6522,6713. 934

11.6212, 7887. 7499. 197

12,51612,581

7, 0257, 035

9757131747693(5420868

1 , 034j 1,039

580

228322

5.4915. 5461, 176

65803

1.093483

597520130104304321

nates arcept. 1960Office, V

-55.493

-16,782- 9. 463-7,319

-648- 88

-130-310

- 2, 982- 3. 948

811254

- 920- 193- 698

618

-11, 540- 3, 091- 8, 449

2. 839- 7. 884- 8, 870

-55.617-16,908- 9, 552

- 217(507

- 386- 581

1, 149

- 1, 132- 1 . 474

- 1,688

401

- 1, 77789

- 885r 1. 249

606

937858199

r 39(5- 3(50

r (548T 2, 738r 3.913

-11.6522. 792

- 7. 783- 9, 183

-12.403'•12,551

- 6, 925r 7. 024

- 995(58

-313- 476- 903- 399- 852

- 1.020-1,031- 1. 12!

- 5(51

22631'

- 5, 478

- 1,?22465

781'- 1,071

4 7 5

59252

- 13010429(5

- 316

* not c ir) on newfash. 25,

-55,732

-16,931- 9, 401- 7, 530

- (5(50

- 3. 037- 3. 9(52

-11,560' 3, 107- 8, 453

2.8417, 875

- 8, 8(5(5

-55.556-1(5.793

9, 458

- 60(5385

- 582- 1, 142

- 1, 124- 1.478- 1,540

- 1.619- 3(52

398

- 7. 335r 1, 7(58

-91-879

-1,244605

- 93(5- 856

198- 39(5

3(52

- (548- 2. 73(5- 3. 931

-11, (529

7! 813- 9. 210

- 1 2. 544- 1 2. 434

- (i, 8(53- (i. 92*

- 102- 573

323- 481- 90S

- 853- 1.015r 1,040r 1,009

: - 230i - 331

- 5 , 6 X 1- 5,50*5r 1,307

- 89- 798

- 1 , 1 27- 482

- 524- 129

56. 222

17, 1009, 5527. 548

658

2, 9723, 953

11,6153. 0998.5162,8107, 8(559. 249

55,5511(5, 77(59. 465

221600380571

1, 135

1, 1251.4691.524

1.684359397

7,3111,768

94874

1, 244602

93(5850191393359

6482. 7093. 922

11,6002, 79(57, 8189, 282

12, 71712, 415

7.0136. 933

1035(5432447(5908

8*541,0181.0551. 130

231341

5, 7045, 4821.324

105795

1.12(5484

(501521121

- 303 309327 320

ectly comparablebasis are in BLSD.C.

S-14 SURVEY OF CURRENT BUSINESS October 1002


1960 1961

Monthlyaverage

1961

Aug. Sept. Oct. Nov. Dec. Jan.

1962

Feb. I Mar. Apr . May June July Au». Sept./-


EMPLOYMENT— Continued

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

1 T n i t e d S t a t e s t h o us . -Wash D O., metropolitan area d o _ - -

Railroad employees (class I railroads):Totn1 do

Index, seasonally adjusted^1 - 1957-59=100..

INDEXES OF WEEKLY PAYROLLS!

Construction (construction workers" f.1957 --59= 100..Manufacturing (product ion workers H .. do.Minimr (production workers)! do

HOURS AND EARNINGS!

of non-agricultural estab., unadjusted:!All nvinufac t uri n °' e ^ T - 1 b unad j t hours

Seasonal 1 v ad jus ted doAverage overtime do

Durable roods indus t r ies _ doSeasonally adjus ted do

Average overtime do

Ordnance and accessories doLumber and wood products doFurniture and f ixtures doStone- c lnv and t rlass products doPrimary metal industries _ _ ...do.

Blast furnaces, steel and rolling- mills.do ._ .

Fabricated metal products _ doMachinery - _ _ _ doElectrical (equipment and supplies do

Transportation equipment 9 doMotor vehicles and equipment - doA i r c r a f t and parts do

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

Nondurable eoods industries, unadj doSeasonally adjus ted _ do

A vera°"e over t ime doFood and kindred products doTobacco manufac tu r es doTextile mi l l products doApparel and related products doPaper and alh'ed products do

Pr in t ing , publishing, and allied ind doChemicals and all ied products doPetroleum refining and related ind. __ do ___

Petroleum refining do

Leather and leather products do

N on manufacturing establishments:!Min in «'9 do_

Meta l mining. _ _ _ do -Coal mininp' doCrude petroleum and na tura l gas do

Contract construction doGeneral building contractors doHeavy construction doSpecial trade contractors do

Transportation and public utilities:Local and suburban transportation doMotor freight transportation and storage-doTelephone communication doElectric, gas, and sanitary services do

Wholesale and retail trade doWholesale trade do.Retai' trade § do

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dveing nlants.do

Average weekly gross earnings pei worker on pay-rolls of nonagricultural establishments:!

All manufacturing establishments! dollars..Durable goods industries do

Ordnance and accessories _ _ _. do ..Lumber and. wood products do

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

Fabricated metal products doMachinery doElectrical equipment and supplies do

Transportation equipment 9 doInstruments and related products doMiscellaneous mfg. industries do

2.243215

8052 88. 0

100.9100.095 2

1

39 7

9 440. 1

2 4

40 73° 040 ()40 039. 038.0

40. 541.039 8

40 741.040 940.439. 3

39 2

o r40. 93S 239. 535 542.2

38. 541.34!. 140.839 930. 9

40.441.835. 542.0

3f>. 735. 440.735. 9

43. 141.539.041 .039. 040. 538. 5

39.938.8

89. 7297.44

108. G773.71

75. 2092.97

109.59

98. 82104. 5590.74

111.5293.7374.28

2.251220

7392 81. 5

100. 4105 2

8 (> 9

39. 8

2. 440. 2

2. 3

40. 839. 539. 9

39. 538. 7

40. 540. 940. 2

40. 540. 14 1 . 140.739. 5

39. 3

') r,

40. 939. 039. 935. 442. 5

38. 241.441.240. 940 337. 4

40. 041.435. 841.8

30. 935. 840. 330. 2

42.941.039.440. 938.840. 538. 1

39.038.8

92. 34100. 101 13. 4277.03

76.2195. 24

114.95

100. 85107. 1694.47

113. 8197. 2775.84

2.271925

82. 4

1 25. 0107. 0

99 '»

40 l )

40 02 0

40. 540 5

40. 04(1 '>40 941 039. 939. 2

41. '40. 940 4

40 239. 741 140. 939. 4

39. 839. 3

9 S41 . 440 140. 5

43. 0

3*. 341.54 1 . 040. 340 037. 0

41. 141.436. 641. 7

38. 537. (43. 137. 3

43.342.639. 540.939.340. 638.6

41. 138.7

92. 86100. 44112.8779.19

78. 1298. 18

116. 11

102. 34106. 7594.94

112.9697. 7574.47

2''0

74 582. 0

120. 7108 5

( » ; • > o

39 83(< 0

2. S40.031- 8

40.940 14 i . 21' 340. •'40. 2

4 < > . l41 .031.'. s

o l . i41. 411.039. 8

39. 5

., o

4 1 . 0•! 1 . 640.331. 543. 1

3X. I41 .2n. t ;40. < ;4" 836. 4

4 1 . 04 3 . 736. (54 1 . 6

37.435. 940. 630. 7

42. 942. 140 341.138. 840. 538. 0

39. 438.7

92. 73100.00114.1181.00

79. 5297.47

118.19

99. 451 07. 8393. 53

1 06. 2297.9976. 02

2, 254221

74383. 2

121.81 10. 593 9

,1(1 -(40 °

•> s40 940 6

41 440 541 34! 340. 339. 5

41 141 340 7

41 341 541 f>41 . 140.2

39 S39 0

•) <)41 440 840 93- N43 0

38. 34 1 . 64!. 740. 940 730 7

4 1 . S42. 137. 842. 5

38 230. 842. 537 2

42 942. 340. 141.238.640. 637 8

39. 939. 1

94. 54102.66115.9281.41

80. 1297.88

119.29

102. 75109.0396. 05

117.2998. 6476. 78

2. 262221

73784.0

110.111 l ). 39° 3 !

i

40 6 i40 0 i

•) (> I11. 141 "

0 9

11 639 441 341 040. 239.1

41 341 240 8

49 744 !41 841.340. \

39 939. 7

'> S41 038 341 436 343 "

38. 34 1 . 84 1 . 641 . 441 ''38 0

41.041.337. 641.7

36 535. 539. ()36. 0

43. 341.939. 741.338.440. 637 5

39. 038.8

95. 82104.39116.9078.41

80. 1297.17

119.39

104. 08109.1896. 70

' 123.83i 99.53: 77. 57

1 2,481i 997

74084 5

95. 9112.390 5

40 040 4

2 941.341 23 0

41 738 941 740 140. 839. 8

41 44 1 . 941 1

43 044. 542 341.340. 0

39 839 7

40 940 141 135 943 0

38. 741. (')40. 840. 841 838. 7

40. 742. 137.741. 7

34. 933.836. 534.9

43. 042. 039. 541.039.040.838. 3

39. 038.7

90. 63105. 32117.1876. 63

81. 3295.04

121. 58

105. I P111.8797. 82

125. 1399.9578.40

i

2,252222

i

721 !78.0 I

81.3108. 5 i87 X

39 739 8 !

2 640.340 3 !

2 6 '.

41 0 !37 3 'i39 038 940. 8 ;40.7 !

40 3 '41.3 j

40 3

41 2 :41.741 740. 8 i39. 1 !

39 0 '39 2 i

9 5 !

40 2 136 6 '•40 134 542 1 '

37. 941. 5 i41 .742. 1 ;40 7 •38. 7

39. 941.3 !

37. 541.0

33 432. 134.034. 0

42.640. 939.341.238.540. 437.7

38.937.9

94. 88103. 17115.2173.48

75.6692. 97

122. 81

102. 36110. 2795. 91

118.6699. 1477. 03

2. 260

72078 8 i

|1

82 4109 588 4

40 040 3 '

40 040 0

4! 339 340 '>39 840 840.0 j

40 041 640 3

41 041 041 840. 539 1

39 9

9 -40 037 440 535 942 '>

38. 141 440. 040. 740 938 0

40. 741. 737. 641 .9

35 134.438. 334. 4

42 441.039. 440.838. 540. 337 7

39.038. 0

95. 20103. 53116.4776.24

77. 5994.33

122.81

102. 721 1 1 . 4 995. 91

1 1 7. 2698.8277.42

I

2 265223

7'-)379. 6

87 0110.9 !88 7

40 3 i40 5

2 0 '<40. 8n o2 7

11 038 940 640 9

41. 040. 6

40 941.940 r,

41 541. 041 940. 540. 1

39 539 9

9 f.

40 237 710 830 64'> 5

38. 541. 440. 740. 540 038. 0

40. 941. 837. 641.9

30. 135. 039. 335. 5

42. 841.039. 340.938.640. 537. 8

39. 138.6

95. 91104. 45117.3175. 08

78. 7695.68

123. 41

103. 48112. 7196. 39

118. 6998.4279.00

j

994

T 80 0 !

101. •'112 6 i

89 7

40 410 8

41 141 3

41 7

40 040 940 940. 4

41 14" 140 C\

11 SV> 441 811. 040 0

39 010 - )

'' 040 538 040 736 549 3

38. 441 741 311.041 037 1

-U 041.737 14'> 0

36 735 739 336. 2

42 641.239 •>40.838 540 637 6

38 939.4

96. 56105. 22118.43

77 82

78 7698. 16

123. 11

104. 39113 67

97. 41

119.97100. 0478. 80

1

2. 284225

735SO 4

111.6113 290 3

40 540 6

9 8

41 141 19 S

41 440 440 441 539. 938. 3

41 349 140 7

4° 243 141 640. 93.9. 9

39 840 19 8

41 138 440 936 549 4

38. 441 841.641.241 337 2

40. 942 035. 041.9

38 136. 742. 237.2

42.841.439.440.838. 640. 637 7

39.339.9

96. 80105. 22117.16

79. 59

78. 3899. 60

118.50

105. 73114.0997. 68

1 121.96! 99. 80

78. 60

2, 324235

73980 0

114.0115. 192 0

40 740 5

2 941.241 03 0

41 340 441 041 540. 138.0

41 742 140 9

41 942 541 041.239. 9

40 140 0

9 q41 938 441 136 842 9

38.341 842. 041.449 o38 3

41.342. 037.241.6

37 636. 141 436.7

43 041.939.740.838.940.738 2

39.739.5

97. 27105. 47116.8880 40

79 95100. 43119.10

106. 75114.0998. 16

121.09100. 94

; 78. 60

1

i

2.339 !937 i

"3 ' <79 3

• 124.x !r 113 •> !

- ss * !

r 4(j -.r 40 •) 1

4 > s40 841 0

r 40 740 4

r 4(1 341 t;39 437.4

r 40 <)r 41 7-• 40 3

r 41 9r 49 7

41 440. S

r 39 3

40 939 S

r 19 ( )

37 °40 ( \

r 31; (ir 4-)' s

38. -241 549 341.64'! 9

T 38 5

•' 40 9r 41 3

49 3

r 38 4

36 8r 49 7

37 4

r 40 4r 41.9

40 341. 1

r 39 2r 40 8r 38 o

T 39 6r 39. 3

r 96. 80r!04 45rl!5. IS

80 40

r 78 18r 100. 67r 116. 62

V 104. 30' rl!2 59

r 96. 72

' r 121. 93i 99. 55• r 77. 03

• > . 335•'34

I

73079 8

12S. 0r 113 5

99 7

1(* 44' 9 |

9 S

4( S41 8

' 8

J-0 6' 41 1.- 41 3

41 S<• 39 4

r 41 3r 41 5r 40 4

•• 41 'i

• ' 4 1 . ir 39 7

r '-{() Q

•' 39 4

r -11 1r 3~ 7

.- 40 7r 37 Q<• 4'> 8-t_. A

r 3S. 4r 41 3r 41 5

r 4(j Or 3S 0

::::::::

95. 751 103 63

r 115. 06r 89 9()

T 80 54! 101.57i r l !6 . 23

'"105.32'r ir? 05

T 96. 96

r 119. 48MOO. 04

r 77. 42

l l f i 4

40 640 4

3 041 341 13 o

41 041 i41 441 539 8

41 741 t s40 8

49 4

40. 940 °

39 939 6

41 64 1 040 i36 649 7

38. 541 54>:> 0

41 037 >

I

97. 03105 7311" 6282 20

81 14101. 26118 91

107 17• 112 32j 98. 33

123.8199. 80

; 78. 79T Revised. ? Preliminary.1 Includes Post Otlice employees hired for the Christmas season, there were about 225,000

such employees in the United States in Dec. 1961. 2 Based on unadjusted data,cf Effective with Mar. 1962 SURVEY, index is shown on new base period.

fSee corresponding note, bottom p. S-13. 9 Includes data for industries not shownseparately. § Except eating and drinking places.

October 1<)(>2 SURVEY OF CURRENT BUSINESS 8-15


1960 1961

Monthlyaverage

1961

Aug. Sept. Oct. Xov. Dec,

1962

Jan. Feb. Mar. Apr. May .Tune July Aug. Sept."

EMPLOYMENT AND POPULATION— ContinuedHOURS AND EARNINGS— Continued

Average weekly cross earnings per worker on pay-rolls of nonagricultural estab.t — Continued

All manufac tur ing estab.f — ContinuedNondurable goods industries dollars. _

Food and kindred products - doTobacco manufactures doTexti le mil l products . _ doApparel and related products _ . .. - do ...

Paper and allied products doPrint ing, publishing, and allied ind do...Chemicals and allied products.... doPetroleum re f in ing and related ind. . . .doRubber and misc. plastic products do _ .Leather ar id leather products... ... ...do... .

X on manufac tur ing establishments:!M'inim r9 ... _ _ _ . do

Metal m i n i n g doCoa! ni miner - . ... - doCrude petroleum and natural gas do. __

Contrac t construct ion doGeneral buildim* contractors doI l e a v v construction doSpecial t rade contractors _ .... do

Transportat ion and public u t i l i t i e s :Local and suburban transportation. ...doMotor fre ight transportation and storage -doTelephone communica t ion „ doElectr ic , gas. and sanitary services do.

Wholesale and retail trade doWholesale trade . doRetail traded do

Finance, insurance, and real estate:H a n k i n g do

Services and miscellaneous:Hotels tourist courts , and motels doLaundries, cleaning and dyeing plants, .do

Average hour ly gross earn ings per worker on pay-rolls of nonagr icu l tura 1 es tabl ishments : !

Exc lud ing overt i rnecf doDurable noods industries do

Exclud 'n 0 ' overtimed71 do

Ordnance and accessories doLumber and wood products doFurn i t u r e and futures doStone, clay, and glass products doPrimary metal industries do

"Blast furnaces, steel and rolling mills _do

Fabricated metal products _ . .doMachine7 ' v doElectrical equipment and supplies doTransportation equipment 9 <1°

Motor vehicles and equipment doAircraft and parts .. ... _ ... . do_ ._

Instruments and related products doAl iscellaneous mf°r industries do

Nondurable goods industries doE \eluding overtimed71 do

Food and kindred products doTobacco manufactures doTextile mi l l products doApparel and related products doPaper and allied products do

Printing, publishing, and allied ind doChemicals and allied products _ doPetroleum refining and related ind ,do

Petroleum refining doRubber and misc. plastic products doLeather and leather products do

Nonmanufacturing establishments:!A l i n i n g 9 . _ ._ . _ . _ . do ...

Metal mining doCoal mining... ___ . do . .Crude petroleum and natural gas do

Contract construction doGeneral building contractors.- _ do._.Ileavv construction doSpecial trade contractors ..do.. -

Transportation and public utilities:Local and suburban transportation .do . _ -Motor freight transportation and storage.doTelephone communication doElectric, gas and sanitary services do

Wholesale and retail trade doW holesale trade doRetail trade§~ do

Services and miscellaneous:Hotels, tourist courts, and motels doLaundries, cleaning and dyeing plants, .do

r Revised. * Preliminary.!See corresponding note, bottom p. S-13.§Except eating and drinking places.9 Includes data for industries not shown separatelc? Derived by assuming that overtime hours are p;

80. 3i;86. 30(H. 9403. 00

95. 37102. 80103. 25118,7892. 97CO. 52

105.44111. 19110. 76103.32

112. 07103. 72

118. 11

94. 82104. 1789. 50

108. (ft

70. 9891. 1302. 37

(57. 1587 41

43. 8948. 11

2. 202. 202.43? 30

2. 071.891.882. 292.813.08

2. 442 552. 282. 742.812.702. 321.89

2. 05I 992.111.701.611.592. 26

2.672. 502. 893.022.331.64

2. 612 663. 122. 463. 072.932.823.29

2.202.512.262. 65

1.822. 251.62

1.101.24

y-iid at t l u

82. 9289. 1669. 0365. 0457. 70

99. 45105,05106. 81124.4290. 7202. 83

107. 18! 13. 44111. 34105. 75

117.71108.83118.48123.08

98. 24108. 1093. 38

112.48

72. 9493. 5004.01

09. 1989 83

45. 5449. 28

2.322. 252.492.42

2.781. 951.912.342,913.20

2.492.622. 352.812.872.782.391.92

2. 112.052.181.771.631.632.34

2.752.583.023.162.401.68

2.642.743.112.533.193.042.943.40

2.292.602.372.75

1.882.311.68

1.151.27

1 rate of

83. 5888. 6068. 1760. 0259. 86

101.05105.33107.49122.5997. 8562. 79

108. 09113.021(3.83104.07

122.051 1 1 . 74127. 15120.45

99. 10111. 1993. 62

112.07

73, 8893. 7905. 23

09.1990. 34

45.2148. 76

2.312.242.482 41

2. 781.971.912.362.913. 19

2.492. 612.352.812.872.782.391.89

2. 102.032. 141.701.631.642.35

2.752.592.993.152.411.67

2.632.733.112.513.173.022.953.39

2.292.612.372.74

1.882.311.69

1. 101.26

time and

83. 7489. 4467. 3966. 0956. 93

102.151 0(5. 371 07. 531 20. 8898. 7461. 88

109.001 i 4. 08m. 19100.08

120. 43109. 85121.80120. 25

98. 07111 .1497. 53

114. 26

73. 7294.7704.00

69. 3790. 20

45. 3149. 15

2. 33

£ Hi)•> 4]

2. 792.021 . 5)3

2! 9-13. 21

2. 482. 032, 352.812. 842. 802 391.91

2.122. 052.151 . 621 . 641.652.37

2.772.613.053.212.421.70

2.662.753.122. 553. 223.063. 003.44

2. 302.642.422.78

1.902.341.70

1.151.27

one-half

84. 7789. 8409. 3007. 0860.14

101.91105. 71108. 58125.9398:49(52. 70

111. 19117.881 1 7. 1 8107.95

123.00112.98127.08127.97

98. 24111.0790. 04

1 1 4. 95

73. 3494. 0004. (54

70. 1290. 35

47. 0850. 05

2.342.262. 512.43

2.802.011.942.372. 903.26

2. 502. 642.362.842.882.822.401 . 91

2.132.062.171.701.641.682.37

2.762.613.023.172.421.71

2.662.803.102.543.223.072.993.44

2.292.642.412.79

1.902.331.71

1.181.28

85. 3989. 7969. 3268. 3160. 62

102.38100.09109. 521 20. 40100.1204.98

109.88115. 04110.94100.75

118.20110.05117.00124.20

100.02111.0490. 47

115.04

73. 3495. 0064.13

70. 3190. 58

46. 4149. 00

2. 302. 282. 542. 45

2. 811 . 991.942. 372.973.28

2. 05

2.90l>- 982. 832.411.92

2.142. 002.191.811 . 051.672. 37

2. 772. 623. 043.192. 431.71

2. 682. 803.112. 563.243.103. 003.45

2. 312. 652.432.80

1.912.341.71

1.191.28

NOfromThe iieach o

85. 5790. 8072. 9807. 8259. 95

101.9107. 9708. 99

123. 0202. S366. 18

309. 89118.30117.02107. 17

114.82no. 13

111. 33121. 80

99. 33111.7290. 38

114.80

73. 3295. 4764. 73

70. 8791. 72

46. 8049. 54

2. 382. 30

2. 40

2.811. 971.95

2. 983. 29

2. 542. (572. 382.913 002.842. 421.96

2. 152.082.221.821.651.672.37

2.792.623. 033.172.461.71

2. 702.813. 122.573.293.143. 053.49

2.312. 662.442. 80

1.882. 341.69

1.201.28

TE FOJNationalde.x is ba

f 33 citie

84. 2490. 4566. 2566. 1757.62

100. 20105. 30109. 50128. 4499. 3166. 18

108. 93110. 88117.38106. GO

111.22102. 08104.72119. 34

100.11108. 7995. 89

115.77

73. 9294. 1304. 84

71. 2492. 19

40. 2948. 89

2. 392.312. 502.48

2. 811 . 971 . 942. 393.013. 32

2. 542. 672. 382.882 942.842. 431.97

2.162.092. 251.811.651.672.38

2.782.643.083.212.441.71

2.732.833.132. 603.333.183.083.51

2.352.662.442.81

1. 922.331.72

1.191.29

^ HELIndustn

sed on t> located

84. 2890. 0068. 8260. 8359. 95

100. 01100. 68108. 47123. 0297. 2804. 98

110. 30117. 59130.94108. 52

113.37100. 30109. 10119.37

99. 22109. 4790. 14

114.05

73. 9294. 3005. 22

71. 2392. 00

40. 4148. 01

2.382. 312. 552. 47

2. 821. 941. 932. 373. 013. 33

2. 532. (582.382. 809 9]

2.832. 441.98

2. 152. 082. 251.841. 051.672.37

2. 802. 623.033. 162.421.71

2.712.823.112.593.233.092.853.47

2.342.672.442.81

1.922.341.73

1. 191.28

P-WAN'al Con ftic numbthrough

85. 3290. 4572.0168. 5461. 49

101. 15107. 42108.05123. 3298. 2565. 30

110.84118.29117.09108. 52

118.05109.55114.3''.123. 90

99. 30no. 7095. 89

115.31

74. 5095. 1805. 39

71. 0292. 02

4(5. 5349. 41

2.382.312 502. 48

2.821. 931 . 942.383. 013. 33

2. 532. (592. 382. 8(59 912.832. 431.97

2. 162. 092. 251. 911.681.682. 38

2.792.613. 033. 152.421.72

2.712. 833. 132.593. 273. 132.913. 49

2.322.702.442.82

1.932. 351.73

1.191.28

FED Arence R>r of heirout the c

85. 5491.1374. 1008. 3800. 90

101.10107. 90108. 84125. 55

99. 0303. 81

110. 70118.01110.12109.20

120.01112.10116.33120.31

100. 11112. 0695. 05

115.40

74. 3195. 8205. 42

71.0293. 20

4(5. 2950. 83

2. 392.312. 502. 48

2. 841. 971 . 942. 403. 013. 32

2. 542. 702. 402.87•> 942. 842. 441.97

2. 102. 09

L951 . 081.672. 39

2.812. 613.043.172.431.72

2. 702. 833. 13.2. 603. 273. 142. 963. 49

2. 352 7'y

2' 442. 83

1.932. 361.74

1.191.29

DVER1oard and>- wantedountry,

86. 3792. 4875. 6569. 1 2GO. 59

101.34107.90109.521 20. 05101. 1903. 9S

109.011 1 9. 2810X. 15108. 52

123. 44114.14124.07129.40

100. 58112.0196. 1 4

1 1 5. 40

74.8896. 2265. 98

93. 25

46. 7751.87

2. 392. 31

2. 47

2. 831.971.942. 402. 973. 27

2. 562. 7!2. 402. 899 972.842.441.97

2. 172. 092.251.971.091.002.39

2.812.623.033.172.451.72

2.682.843.092. 593.243.112.943.48

2.352.722.442.83

1.942.371.75

1.191.30

ISINGB. K.

ads pubreprcsen

87.0292.7076. 0369. 4601.09

102. 96107. 02111.19127. (58104. 5865. 88

111. 10118. 80115. (59107. 74

121.45111.91122. 13127. 72

101. 48114.3997. (50

115.87

75. 8090. 87(50. 85

71.8093.21

47. 0451.35

2. 39r 2. 31

2. 502.47

2.831 . 991. 952.42

3.28

2. 502.712. 402.892. 952.852.451.97

2.172. 102.251.981. 091. 002.40

2.812. 003.043. 182.491.72

2.692.833.112.593.233. 102.953.48

2.362.732.462.84

1.952.381.75

1. 201. 30

INDEADaris &ished in

t ing the

86. 80r 93. 06

73. 2808. 21

r 00. 7(5

' 103.58107. 34110.81129.44101.84

* (55. 84

' 110.02r 1K5.88r 102.30110.83

r 125.57115.92

r 127.07131. (55

r 100.49* 114.81* 99. 54117. 14

r 70. 4.4r 97. 10r 07. 38

r 72. 50r 94.89

'• 45. 94r 50. 70

2. 392. 31

r 2. 502. 47

2. 831.991.94

r 2. 42r 2. 90r 3. 28r 2. 55

2. 702.40

r 2. 91r 2 (.'H

T 2. 802.44

r 1. 96

2.172. 10

r 2. 231.971. 081. (562. 42

2.812.673. 063.212.491.71

r 2. 692.83

2. (523.273. 15

r 2. 993. 52

2. 372.74

r 2. 472. 85

1. 952.381.75

r 1.161. 29

, P. s-Bro. A

one leacarger m

r 86. 18' 91. 24r (57. 8(5T OS. 38' 01. 79

r 103.58r 108.29f 109.8(5

r 101.02r 05. 3(5

2. 372. 292. 542. 4(5

r 2. 82T 2. 00

1. 952. 432. 95

2. 702. 40

r 2. 90

r'2 44r 1 . 95

2. 10r 2. 09r 2. 20

1.801.081.072. 42

r 2. 82T 2. (56r 3. 03

2.47r 1. 72

8(5. 1891. 52(58. 0007. 37(51. 85

103.33108. 9(5110.81127. 20101. 0804.30

. . .

2. 392. 30

•I 47

2. 822. 001. 9*52. 442. 97

2. 702. 412. 92

2. 441. 9(5

2. 102. 092. 201. 001. (581. 092. 42

2. 832. (573. 03

2.481.73

16. New series;dverlising Service.ing newspaper in^t ropol i tan areas.

s-16 SURVEY OF CURRENT BUSINESS October 1962


1960 1961

Mont hi yaverage

1961

Aug. Sept. Oct. Xov. Dec.

1962



HOURS AND EARNINGS— Continued

Miscellaneous wages:Construction wages (ENR): §

Common labor $ per hrSkilled labor do

Farm without board or rm., 1st of mo - doRailroad wages (average, class ! ) _ _ _ _ _ do _Road-building com labor (qtrlv ) do

LABOR CONDITIONSHelp-wanted advertising, seas, adj.0 1957 = 100--Labor turnover in manufacturing estab.: t

Accession rate, total.. mo. rate per 100 employees..Seasonallv adjusted* do

N"pw hires doReparation rate total do

Seasonally adjusted* doQuit doLavofT do

Industrial disnutes (strikes and lockouts):Beginning in month:

Work sronnacres numberWorkers involved thous

In effect during month:Work stonnaês numberWorkers involved thousMan-da^7s idle during month do

EMPLOYMENT SERVICE AND UNEMPLOY-MENT INSURANCE

Von farm placements thousUnemployment insurance programs:

Insured unemployment, all programs doState nrograms;

Initial claims doInsured unemployment, weekly avg _ _ d o

Percent of covered employment:^"Unadjustedêisonally adjusted

Beneficiaries weekly average thousBenefits paid mil. $

Federal emplovees, insured unemploymentthous--

Veterans' program (UCX):Initial claims -- doInsured unemployment weekly avg doBeneficiaries weekly average -doBenefits naid ' ...mil. $__

Railroad Program:\pplieations thous ..Insured unemployment weekly avc doBenefits paid ' ' - mil. $ .

2 6994.031i .97

2.616i 2.09

94.2

3.8

2.24.3

1.32.4

278110

1, 600

485

2, 007

1, 4341, 906

4.8

1. 640227. 2

33

295452

7.0

3172

13.1

2 8274. 1901 .99

2. 675i 2. 14

85.9

4.1

2.24.0

1.22.2

281121

1, 360

492

2 2, 481

1,5162,300

5.6

2, 004285 2

33

280765

9.0

2291

16.8

2 8604 223

2. 654

86. 1

5.34.13.14. 13.81.71.7

35584

605157

1, 320

6032 1, 905

1,2481,744

4.35.2

1.589237. 2

31

305857

8.2

2671

16. 2

2 8624 237

2.692

84.8

4.73.73.05. 14. 12.32.0

315314

573372

2, 580

6072 1, 715

1.0811, 558

3.85. 1

1,374185. 0

28

9-5253

6. 9

1!)77

13.6

2 8714 245

.932.6742 25

95. 9

4.34.42.74. 13.61.42.0

324226

568275

2,480

590

2 1, 651

1.2191, 502

3.75. 1

1, 283180. 9

28

244746

6. 3

1474

13.8

2 8774 253

2.681

99.1

3.34.01.94 03.91. 12.2

25786

501160

1, 500

5112 1,816

1,4001,662

4.15. 1

1,331190.9

29

224744

6. 1

1577

13.8

2 8774 253

2.700

96.9

2.63.81.44 04 1.9

2.6

14237

36686

855

448

2 2 , 1 7 4

1,05X2,017

5.04.8

1,577218.5

31

204946

6.0

1377

13.4

2 8784 257

1 112. 678

2 15

102.3

4.14.42 23 93 91 12.1

265160

400185

1.040

4652 2, 659

1.9742, 486

6.24 7

2, 055314. 9

36

245251

7 .4

1686

16.2

2 8894 273

2.729

105. 9

3.54.12. 03 43. 91. 11.7

22567

330100808

4252 2, 579

1,2862,415

6.04.5

2,127287. 2

36

214949

6. 1-,

8013.7

2 8974 283

2.678

106. 3

3.74.39 ')

3 63.81. 21.6

26098

350136

1, 180

5112 2, 374

1,1712,218

5.54.4

2,073310. 2

34

264947

6. 5

-

7414.8

2 9014 283

1.072. 6882 25

106. 1

4.04.42 43 63 71.31.6

320125

460155

1,240

5772 1, 968

1,1471,831

4.53.9

1,688239. 6

29

254545

6.0

464

11.8

2 9334 316

106.0

4.34.32.83 84 11.51.6

440195

625240

2. 650

6562 1.686

1 1331,570

3.93 8

1.389215.0

26

224039

5. 7

45'}

9.1

2 9414 321

98.5

5.03.93 43 84 31.51.6

410155

650300

2, 880

605

-1.577

1.0831,469

3.64.0

1.311188. 9

24

254039

5.4

7r 44

7.8

2 9574 356

1 06

2 33

97.9

»• 4. 5M.IT 2 9r 4 4r 4 6

1 Ar2 2

35090

575189

2.040

580

21,666

1 3951,543

3 84 3

1 °61187 0

26

304640

5.7

6552

7.3

2 9814 395

97.0

M. 7p3. 7p v 9•p 4 9P 4 5•P 2 0P 2 2

335120

570186

1 950

642

2 1.598

1 1971, 469

3 64 4

1 957197 4

26

39"9

466 9

9 9814 408

o 95

FINANCE

BANKINGOpen market paper outstanding, end of mo.:

Bankers' acceptances mil. $Commercial and finance co. paper, totalt-.-do

"Placed through dealerst doPlaced directly (finance pnoor)J do

Agricul tura l loans and discounts outstanding ofagencies supervised by the Farm Credit Adm.:

Total end of mo mil $Farm mortgage loans:

Federal land banks doTynans to cooperatives doOther loans arid discounts - do

Bank debits:Unadjusted:

Total (344 centers) bil $New York Citv -- do6 other leading centers'! do

Seasonally adjusted:*Tot11! (344 center^) do

New York Citv do

337 other centers do

Federal Reserve banks, condition, end of mo.:Assets totol 9 - mil. $

Reserve bank credit outstanding, total 9 -doDiscounts and advances doU.S. Government securities do

Gold certificate reserves do

Liabilities, total 9 do

Deposits, total 9 - _ _ _ do _Member-bank reserve balances do

Federal Reserve notes in circulation do

Ratio of gold certificate reserves to deposit andFR note liabilities combined percent..r Revised. p Preliminary. i Quarterly ave2 Excludes persons under "Temporary Extendc

extended duration provisions (thous.): 1961— Aug., 4365; 2; Nov., 355; 1; Dec., 357; 1; 1962— Jan., 354; 2; Fel121; 33; June, 53; 37; July, 2; 32; Aug., 0; 30. 3 Enc

© See note, bottom p. S-15. t See correspond§ Wages as of Oct. 1, 1962: Common labor, $2.98

3 2. 0273 4. 4973 1. 358>:• 3, 139

3 4, 795

3 2, 5643 649

3 1,582

236. 691.948.1

352,984

329,359333

327,3843 17, 479

3 52, 984

3 18, 336317,081328,450

337.4

rage.1̂ Coni{

50 and 2,i.,333;2:[ of yearing note7; skilled

* 2, 6833 4, f>S(i3 1.71132 .975

3 5, 277

3 2, 828•" 697

3 1,752

259.310(5. 651.9

3 54, 3293 3 1,362

3 130328,8813 16, 6153 54. 329

318.4513 1 7. 387329,305

3 34. 80 As of CjensationrespcclnMar., 32

bottomlabor, $-

2, 4004, 94(51.6173, 329

5,347

2, 767046

1, 935

100. 951.4

258. 1105. 451.4

101. 3

51,059

28. 83547

27, (59717, 187

51,059

17,72416, 62028. 034

37.6

)ct. 1.prograi

"elv; Sep2; 6; Apr

p. S-13.1.417.

2, -JIT.1

4, 875i. 7: o3, 1-ln

5. 352

2, 784645

1. 922

2 16. 6ion. 349. 0

2(51 8107. 8

52. 0102. 0

51, 696

29,21328

27, 79917,099

51,696

1 8, 0381 7, 10528, 100

37.1

n and it., 403; 3;,230; 18;

2. 1915, 119l . S l x3,301

5,313

2 800(579

1,834

274.7113.7

54. 3

272. 4113.6

54. 0101.7

52, 087

29. 548

28, 26817, 028

52, 087

18. 10416,88828, 229

36. 7

in dorOct.,

May,

l.Si'.S3. Jsi

2. 8126<)5

1.745

112'. 554. 2

273. 8115.2

."4. 4104. 2

52, 933

30. < ) f > 039

29. 21010, 7!0

52. 933

18, 13(;17. 20028, 814

35. 6*j

data ic?1

•M+ •are a\

119

2, 6834. fisfi1 , 7 1 .1

5, 277

2, 828697

1, 752

120 ' 357. 5

273. 7111.0

55 0104.8

54. 329

31,3021 30

28. 88!16. ! i l 5

54, 329

18.45117,3*729, 305

34.8

\ew seri) -ior to 1InsuredMonthlyail able uncludesIncludes

2,6215, 5561,7623, 794

5, 320

2, 848716

1.757

294.6118 1

(51.5

°77 8110.3

58. 2109. 3

52,311

29,612129

28, 5,T216,542

52,31!

17.74916,87228, 530

35.7

>s. Date961 for b£unemplore vision <•pon reqiBoston, 'data not

2, 5595, 520i, 7623, 7." 8

5,411

2, 868730

1,812

239.594.349. 0

263. 0103.354.4

105. 4

29, 928139

28. 36016. 530

52, 547

17. 85016,80828, 483

35.7

i prior tfink debiyment a

or ior toest.

3hiladelishown s

2. 4985,7131 , 8763. 837

5, 502

2. 899

1, 875

293. 2124,759. 7

283. 5118. 157. 5

107. 9

51,932

30. 224115

29,06116,336

51,932

1 7, 95216,97228, 474

35.2

) 1961 foi,s will bes % of aMay 19

hia, Chieparatel

2. 3925, 6401,8833, 757

5, 594

2 9v>2719

1,953

281 . 5117.258. 0

288.5118. 159. 1

111.3

52, 739

30, 641120

29.18216. 222

52. 739

18,2071 7, 03528, 537

34.7

labor tishown 1

verage c61 (Aug.

cago, Dey.

2, 3455,9171.8694. 048

5, 678

2.948694

2, 037

295. 5122. 159.8

287.1119. 157. 6

110.3

52. 654

30, 705131

29, 62216. 158

52, 654

17.73916,61428, 744

34.8

irnoverater.overed e1959-Jul

troit, Sai

2, 3425, 8641,8783, 986

5, 770

2, 968692

2, 109

291.8121.9

59. 4

282. 4115.757.9

108. 8

53, 396

31,26176

29, 66316,158

53, 396

18,4151 7, 20629, 021

34.0

ippear ii

mploym(y 1960 fo

i FrancL

2, 3066,1692. 0024,167

5, 841

2 986704

2, 1 50

279.7111.457.5

285. 7114.459.0

112. 3

52. 90S

31,04073

29, 786] 5. 871

52, °08

17. 87816.88529. 197

33.7

i BLS I

?nt in ar placed

>co, and

fi! 5752 1194, 450

5. 833

3 003680

2,150

281.2110.857. 5

284.0115.857.4

110.8

r 52, 870

31,618101

30.35815,817

' "2. 879

18.06717.110

r 29, 351

r 33. 4

Julletin :

12-montlthrough

Los Ang

53, 596

31, 69048

•">9 82515, 796

53, 596

1 8, 26817. 32129, 378

33.2

Vo. 1312;

i period,dealers)

3les.

October 1902 SUEVEY OF CUBEENT BUSINESS S-17


1960

End o

1961

f year Aug. Sept.

1961

Oct. Nov. Dec. Jan. Feb. Mar. Apr.

1962

May June July Aug. Sept.

FINANCE-Continued

BANKING— Continued

All member banks of Federal Reserve System,averages of daily figures:

Excess reserves - mil. $ _Borrowings from Federal Reserve banks doFree reserves - -- - .-do

Weekly reporting member banks of Federal ReserveSystem, condition, Wed. nearest end of yearor month :f

Deposits:Demand, ad justed cf _.inil. $ _

Demand, total 9 doIndividuals, partnerships, and corp doStates and political subdivisions doU.S. Government _ _ _ . doDomestic commercial banks do

Time total 9 doIndividuals, partnerships, and corp.:

Savings doOther time _ -- _ _ d o --

Loans (adjusted) to talc? doCommercial and industrial doFor purchasing or carrying securities doTo nonbank financial institutions doReal estate loans doOther loans do

Investments, total _ _ d oU.S. Government obligations, total do

Notes and bonds doOther s ecurities do. _ _ _

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

In 19 ei(ies percentNew York Citv do7 other northern and eastern cities do11 southern and western cities do

Discount ra te , end of year or month (N.Y.F.R.Bank) ' percent

Federal intermediate credit bank loans doFederal hind bank loans do

Open market rates, New York City:Bankers' acceptances (prime, 90 days) doCommercial paper (prime, 4-6 months) _ _ doFinance Co. paper placed directly, 3-6 months

percent- -Stock Exchange call loans, goin£ rate do

Yield on U.S. Government securities (taxable):3-month bills (rate on new issue) percent--3-5 year issues do

New York State savings banks, end of yearor month mil $

U.S. postal savin ers 1f - - do

CONSUMER CREDIT t(Short- and Intermediate- term)

Total outstanding, end of year or month mil. $__

Installment credit, total do

Automobile paper doOther consumer goods paper doRepair and modernization loans doPersonal loans do

By type of holder:Financial institutions, total do

Corn mercial ban ks doSales finance companies doCredit unions doConsumer finance companies doOther _ _ do

Retail outlets, total. doDepartment stores doFurniture stores doAutomobile dealers doOther do

Noninstallment credit, total do ._

Single-payment loans, total doCommercial banks doOther financial institutions do

Charge accounts, total... ___ _ _ _ _do _ .Department stores doOther retail outlets . ___ _ doCredit cards___ __ do

Service credit _._ .do

1756187

i 669

93, 215

~ ~ 4 ~ 747"3, 979

35, 386

71 00932, 1 56

3, 945

12, 824

40, 75430, 54724, 94410,207

3 5 1 63 4 973 5. 153 5 45

3. 004 5. 051 6. 00

4 3. 514 3. 85

4 3. 544 4. 99

4 2. 9284 3. 99

21 , 400770

55, 757

42, 588

17,44411,5253, 139

10, 480

36, 97416, 67211,2283, 9233,6701,481

5, 6152,4141, 107

3591,735

13, 169

4, 5073,884

623

5. 329941

3, 952436

3, 333

1568i 1491419

65. (544

97, 95870.118

5, 0024. 033

13,415

41,603

30 2255, 945

74, 28532. 797

4. 7056,159

13, 40321.194

46. 06933, 9(5026. 60912, 109

3 4 973 4. 763 4. 983 5. 28

3. 004 4. 004 5. 64

4 2. 814 2. 97

4 2. 684 4. 50

4 2, 3784 3. 60

22, 357051

57, 1 39

43, 163

16, 96011,7713,177

11,255

37. 58016, 84311, 052

4, 3523, 7981, 535

5,5832,4211,080

3591. 723

13, 976

4, 9554,224

731

5,438948

4,027463

3,583

60467

537

61, 855

86. 37962, 9354,8473, 568

10. 58(5

40, 660

2Q 0306,415

69,55131,4763,6155, 044

13, 05519, 408

44, 75033, 46426, 31 111,286

3. 003. 975. 60

2.812. 92

2.644. 50

2. 4023. 80

21.857681

54, 739

42, 090

17, 06110, 9663. 165

10, 898

37, 32017, 06510, 8864, 2073, 6591, 503

4, 7691, 8961,001

3591,513

12, 649

4, 7694, 100

669

4, 409589

3,327493

3,471

58437

547

62, 166

90, 35464, 480

4, 6935, 533

11,022

41,007

29 2446, 512

70 989-' 31 ,805

4, 0605 487

13, 13619, 690

46, 11434, 41426,14911,700

4 994 755 055 26

3. 003. 985. 60

2. 843. 05

2. 684. 50

2. 3043. 77

22 048673

54, 757

42, 039

16,90211,0063,180

10, 951

37. 18816! 90910, 8824, 2333, 6501, 514

4, 8501, 9791,009

3601, 502

12,718

4,8324, 129

703

4,423623

3,312488

3,463

50765

442

63, 423

92, 65866, 407

5, 0274,071

12,008

41,209

29 6216, 406

71,84332, 085

4, 5355, 358

13, 24519,622

45. 62434, 08726, 83311,537

3. 003. 985. 60

2. 753. 00

2.794. 50

2. 3503. 04

21,982666

54, 902

42, 181

16,91311,0853, 183

11,000

37, 19116,87710, 8664, 2693, 6711, 508

4, 9902, 0971,014

3591,520

12, 721

4,7784, 125

653

4, 517656

3, 382479

3,426

622105517

63, 906

91,21666,183

4, 8943, 414

11,820

41, 188

29 7716, 190

71 67032. 109

4, 00-15, 375

13.34719,706

45, 64933, 93226, 88811,717

3. 004. 005. 60

i. 98

2.744. 50

2. 4583. < > X

22. 0(5665S

55, 451

42, 419

16, 96011,2153, 192

11,052

37. 24016,83610,8784,3173, 6811, 525

5,1792,2131,034

3601, 572

13, 032

4,8804, 158

722

4,684717

3, 498469

3,468

568149419

65, 644

97, 95870, 1 1 85. 0024, 033

13,415

41,603

30. 2255, 945

74 28532,797

4. 7056. 1 59

13,40321,194

46, 06933, 96026, 60912,109

1 964 774 965 'n

3. 003. 985. 60

2.873.19

2. 934. 50

2. 6173. 82

22, 357651

57.139

43, 163

16,96011,7713,177

11,255

37, 58016,84311,0524, 3523, 7981, 535

5, 5832,4211, 080

3591,723

13,976

4,9554,224

731

5, 438948

4,027463

3, 583

61670

546

64, 362

91.85367. 140

5, 2063. 220

11.175

42, 863

30,610(i, 553

71,87831,992

3. 8045, 516

13,42020. 696

46. 65334, 47526, 82012, 178

3. 003. 945. 60

3.003.26

3. 054, 50

2. 7463.84

22,350642

56, 278

42, 846

16, 87811,6053,131

11,232

37, 55116, 75911,1904,3063,7821,514

5,2952,2121, 057

3591,667

13, 432

4, 9064,203

703

4, 892804

3,614474

3, 634

50268

434

63,104

91, 87166, 501

5, 2343, 316

11,167

43, 906

31, 0737,067

72, 88632, 2044,4785, 575

13. 49720, 573

46, 04233, 51025. 64512, 532

3. 003. 995. 60

3. 00

3. 004. 50

2. 7523. 77

22, 420629

55, 592

42, 632

16. 90011,3803,099

11, 253

37, 46916,72611,1334,3113,7831, 516

5, 1632,1671,039

3581,599

12, 960

4,9314,220

711

4,294635

3,188471

3, 735

47091

379

62, 229

89, 01563, 9364,8484,277

10,844

45, 055

31,6217,627

74, 03033, 014

4, 5195, 624

13, 62020, 783

45, 50832,21425, 22613, 294

4 984,784.975 28

3. 003. 995. 60

3. 003. 25

3. 024. 50

2.7193. 55

22, 701620

55, 680

42, 704

17, 03911,2563,084

11, 325

37, 50916,77911.0494, 3553.7951,531

5,1952, 2271,018

3561 , 594

12, 976

5, 0564,279

777

4,191594

3, 139458

3, 729

51069

441

63,071

93, 06165, 458

5, 7714.744

11,297

45, 670

31, 7577,879

75. 93032, 937

5, 4495, 760

13, 87421,422

45, 97932, 0(5925, 82513,910

3. 004. 025. 60

3. 003. 20

3.094. 50

2. 7353.48

22. 570600

56, 650

43. 285

17,34311,3333, 094

11,515

37, 96517,04211,1214,4493, 8261, 527

5,3202, 3391,011

3511,619

13,365

5,1114, 390

721

4, 451620

3, 367464

3,803

49763

434

61.621

89, 29763, 705

5. 4045. 028

10, 357

46. 484

32. 0948,344

74, (54732, 854

4, 1095. 636

14,06821,390

4(5.01332. 25626.17313.757

3. 004. 015. 60

2. 913. 16

2. 954. 50

2. 6943. 53

22, 659591

57, 593

43, 893

1 7, 6S311,4233.131

11,656

38, 45317,31611,1994, 5433, 8361 . 559

5. 4402, 4301,011

3451 . 654

13,700

5. 2384, 421

817

4, 68363(5

3, 571476

3,779

471100371

61,472

91,39164, 022

4, 8296. 594

10,672

47, 077

32,5148. 53(5

75, 90233. 354

3, 958(i. 039

14 26821 . 543

46, 90432,41826, 20614, 486

5 01' 4 79

5. 005 33

3. 004. 025. CO

2. 903. 25

3. 024. 50

2. 7193.51

22, 931581

58. 277

44. 559

1 8, 03311,5553, 156

11,815

39,01017, (51011,3254, 6403, 8761,559

5, 5492 522i!oo8

3361 , 683

13,718

5 '^27I] 439

788

4, 739612

3,635492

3, 752

' 53289

' 443

62. 451

91,52765. 116

5, 1294,369

11,301

47, 242

'33,114' 8. 251

r 75, 73233, 14(53, 674('), 259

14.52521,754

4(5, r;823 1 , 63825, 98014, 944

3. 004. 055. 60

3.073. 3(5

3. 204. 50

L\ 9453. 7 1

22. 972573

58, 521

44, 967

1 8, 29111, 5703, 182

11,924

39, 42617,81511, 4354, 7053, 9071, 564

5, 5412,5171,009

3271,688

13, 554

5, 2034, 430

773

4, 607569

3,518520

3,744

' 564127

'437

' 60. 638

' 87, 901r 62, 583' 4, 622* 4. 917' 10, 920

'47,729

r 33, 404' 8, 428

' 75, 975'33,442r 3, 604' 6. 104

r 14. (596'•21.891

' 46, 093'31,075' 25, 274'15,018

3. 004. 075. 60

3. 1 13. 30

3.124. 50

2. 8373. 57

23.0875(55

59, 14(5

45, 514

18, 53011,6483, 216

12, 120

39. 89418,00511,5434. 8083, 9481 . 590

5, 6202. 5811.019

3171.703

13.632

5, 2744, 425

849

4, 638570

3. 521547

3. 720

4(5380

383

60, 694

92, 75(563, 988

4, 6427, 042

12. 109

48, 186

33. 8828. 5(56

77, 77034, 073

4, 2006, 282

14, 93121, 730

47. 17131. 99525. 54815. 17(5

4. 994. 775. 005. 32

3. 00

3. 093. 34

3. 134. 50

2. 7923. 5(5

23, 37(555S

'Revised. i Average for Dee. 2 Effective Sept. 1961, data for several categorieshave been revised to reflect reclassification of loans; this change reduced commercial andindustrial loans in Sept. by a net of $135 mil. 3 Quarterly average.

4 Monthly average. fRevised to reflect new coverage and revised classification ofdeposits (for details, see the June and July 1961 issues of Federal Reserve Bulletin}.

cf For demand deposits, the term "adjusted" denotes demand deposits other than do-mestic commercial interbank and U.S. Government, less cash items in process of collection;

for loans, exclusive of loans to domestic commercial banks and after deduction of valuationreserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).

9 Includes data not shown separately. §For bond yields, see p. S-20.IData 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). J Revised to incorporate new bench-mark data; revisions back to July 1955 appear in the Dec. 1961 Federal Reserve Bulletin.


Unless otherwise stated, statistics through 11)60and descriptive notes are shown in the 1961edition of BUSINESS STATISTICS

1960 1961

Monthlyaverage

1961

Aug. Sept. Oct. Xov. Dec.

1962

Jan. Feb. Mar. Apr. May June Julv 1 Aug.!

Sept.

FINANCE—Continued

CONSUMER CREDITt— Continued

Installment credit extended and repaid:Unadjusted:

Extended total mil. $Automobile paper d o _ _Other consumer goods paper _ do_.All other - - --do

Repaid total doAutomobile paper doOther consumer goods paper do

Adjusted:Extended total do

\utomobile paper do

All other do

Repaid total do\utomobile paper doOther consumer goods paper do\ji other do

FEDERAL GOVERNMENT FINANCE

Net cash transactions with the public:^*Receipts from mil. $Payment1' to doExcess of receipts, or payments (— ) do

Seasonally adjusted quarterly totals:Receipts _ do _ ._

Excels of receipts, or payments (— ) do

Budget receipts and expenditures:Receipts, total do

Receipts, netf doCustoms do

Individual income taxes.. do-_.Corporation income taxes doEmployment taxes doOther internal revenue and receipts do

Expenditures, totall doInterest on public debt doVeterans' services and benefits doNational defense doAll other expenditures do

Public debt and tniarnnteed obligations:Gross debt (direct), end of mo., total bil. $..

Interest bearing, total doPublic issues do

Held by U.S. Govt. investment accts.doSpecial issues do

Nonin teres t bearing do

Guaranteed obligations not owned by U.S. Treas-ury, end of month -- bil. $

U.S. savings bonds:Amount outstanding, end of month, _ _ do_.Sales, series E and H doRedemptions - do..

LIFE INSURANCE

Institute of Life Insurance:Assets, total, all U.S life insurance companies 9

bil $Bonds (book value), domestic and foreign,

total 1-bil. $._U.S. Government doState, county, municipal (U.S.) doPublic utility (U.S.) doRailroad (U.S.) doIndustrial and miscellaneous (U.S.) do

Stocks (book value), domestic and foreign, totalbil $

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

Mortgage loans, total doNonfarm do

Real estate doPolicy loans and premium notes do.Cash doOther assets ._ . do

Payments to policyholders and beneficiaries in' U.S., totnl mi l .$_ .

Death benefits doMatured endowments doDisability payments doAnnuity payments doSurrender values doPolicy dividends _ do

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

Value, estimated total mil. $..Ordinary doGroup and wholesale doIndustrial do

4. 1091, 4511,2061,4533,8131,3481,1311,334

8,1917,891

299

8, 3336, 626

913, 83S1,8911,0081, 5066. 464

773429

3. 8081.510

3 290. 22

-286 822242 .47

2 10. 642 44. 35

? 3. 40

2.16

2 47. 53.36.56

2119.58

2 58. 562 6. 432 3. 59

2 15. 9523.64

2 "25. 21

2 4. 982 1.792 3. 12

241.772 38. 79

2 3. 762 5. 232 1.332 3. 94

676. 5278.8

56. 110.360.2

136. 1135. 0

6, 2014, 3491.279

573

3. 9991.3151.2071,4773,9511,3551,1861,410

8,1618,728-567

8,3336. 513

88

1,7001,0391, 5087, 039

739445

4,0131 . 895

- 296. 17

1 292. 092249. 17

-1 10. 892 43. 52

2 3.48

2 .33

2 47. 79.38.47

-' 126. 82

2 60. 932 6. 132 3. 89

2 16. 222 3.58

2 r 26. 91

2 6. 262 2. 0324.14

2 44. 202 41. 03

2 4. 012 5. 732 1. 392 4. 29

734.2298. 4

59. 611. 164.2

149.4151.6

6,5704,5151.472

583

4.2341, 3951,2291,610

4, 0531,3961,1981, 459

4, 0381,3021,2121,5243,9941.3621,1971,435

9, 35710,552

-1,195

8,7136, 367

984.814

3821,8211,5977, f31

730471

4, 0462, 434

293. 71

290. 66245. 09

10.8145. 573. 06

47. 87.39. 4 4

'124.17r 60. 47' 6. 48r 3. 80' 16. 14

3.68' 26. 28

' 4 .47'2.08* 2. 33

T 43. 26' 40. 15

' 3. 94

' 5. 601.29

r 5. 13

728. 5313.7

56.411.463. ]

151.5132.4

0.3914,4371 . 375

579

3,7891,1681, 2001,4213,8391,3271,1591,353

3,9421,2711,1991,4723,9561,3501,1901.416

10, 2368, 2661,970

24, 90026, 200-1,400

10,2858, 945

904, 6793. 251

8841 , 380

0,771727418

3, 8521. 777

293. 75

290. 77245. 77

10. SI45.012. 98

. 27

47.89.34. 4 2

'124.69

r 60. 62r 6. 43

' 3. 82r 16. 16

3.67' 26. 43

r 4. 52' 2 08' 2. 37

' 43. 43r 4.0. 30

r 3. 96' 5. 64' 1.31'5 .22

673.4287.252.810.4

59. 9132.0131.1

5, 9244, 2061.145

573

4,2441,4521,3001,4924,1021,4411,2211,440

4, 2091,4051,2541,5504,0281,3721,2101,446

3,8729, 385

-5, 512

3,8113,141

1051,614

408241

1,4437, 796

713438

4, 0672, 587

295. 66

292. 71248. 82

11 .0143. 89

2. 95

.30

47.95.37.41

125.36

r 60. 88' 6. 44r 3. 84

r 16. 163.67

r 26. 66

' 4. 57r 2. 09r 2. 41

' 43. 63' 40. 49

' 3. 97'5. 67'1.34' 5. 29

723. 1286. 762.311.6

65.7151.7145. 1

6. 8984,7771.511

610

4, 2751,4021,3271,5464,0371,3551,1971,485

4,3171,5111,2491,5574,0171.3591, 1881.470

8, 5549,218-663

8, 0076, 424

1064, 891

3771 , 2661,3687, 485

740437

4. 2532, 055

297.01

293. 60249. 39

11.0844. 22

3.41

.31

48. 03. 36.38

'126.01

Mil. 08' 6. 40' 3. 88

' 16. 18' 3. 67

r 26. 82

r 4. 63' 2. 10r 2. 46

r 43. 87' •40.71

' 3. 99' 5. 70r 1 38' 5. 36

711.3292.760. 810.9

62.7140.7143.5

0. 7554,9791. 185

591

4, 7541,2891,7501,715

4,0101,2891,1941,527

4,3151,4711.3161,5284,0511,3611,2331 , 457

8,8688.576

292

25, 30026. 900-1,600

8,9807, 967

883, 3633,322

5051,7017. 100

781471

4 2581,836

296. 17

292. 69249. 1 7

10. 8943. 523.48

.33

47.79.34. 7 1

'126.82r 61.06' 6. 14' 3. 90

r 16. 22?.. 66

' 26. 93

r 4 . 8 2'2. 12' 2. 62

' 44. 25'41.08

'4. 01' 5. 74

1.39r 5. 55

967. 5320. 7

70. 011.356.4

163. 7345. 4

7.5195, 0721.921

526

3, 7561, 3201,0391,3974,0731,4021,2051,466

4, 1941,4741,1851,5353,9791,3801,1471, 452

5, 9688,726

-2, 758

5, 9595, 357

1003,570

466353

1,470

7,395803471

4,3161,890

296. 51

293.11250. 81

11.3242. 30

3.40

.35

47.78.48.62

127.31

61.666.313.96

16.233.65

27.23

4.822. 112.64

44.3841.21

3.975.771.285.43

808. 9349.1

74.712. 591.0

152. 7128.9

6. 0393, 9051 . 645

489

3,5661,284

9721,3103,7801,2621,1971,321

4,3021,4961,2811,5254, 0661,3691, 2531.444

9, 5678,967

600

9,7736,729

855,910

4002,0801,2986, 858

755449

4, 0941.575

296. 98

293. 55250. 80

11.2742. 753.43

.37

47.81.36.44

127. 73

61. 856.343.96

16. 253.64

27. 35

4.862. 122.67

44.4941.303.995.791.285. 46

704. 3295. 6

56. 810.9

66.3140.4134. 3

5, 9254, 2331.127

565

4, 3011.5741,1611,5664,2291,4351,2851, 509

4, 3631,5261, 2571,5804,0941,3931,2261,475

10,6858,2632.422

?4. 60027,800-3,200

12,3549. 104

1043. 7285, 8791,1881 . 456

7.749733

' 449i 4, 597' 1 , 972

296. 09

292. 48249. 68

1 1 . 5042.813.60

.40

47.81.37.48

128. 1 1

62 066.264.08

16.293.64

27. 48

4.892.122. 69

44. 6441.42

3.995.831. 205.49

830. 8350. 162. 911. 172.0

156.9177.8

6. 8344,8491 , 364

621

4.6581, 6881.2871,6834,0771,3841,2101,483

4, 6251,6061,3821,6374,1081,4031,2171,488

7. 0609,074

-2,014

8, 1535, 754

99

5, 348445745

1,5167, 289

777438

4,3151 . 766

290. 95

293. 36251.24

11.4742. 12

3. 59

.41

47.81.35.46

128. 57

62. 3S6. 354.06

16.303. 63

27. 67

4.932.132.71

44. 7541 . 52

4.015. 881.215.41

714.1300. 4

57. 611.6

66. 7141.5136. 3

6, 3524, 6311, 110

611

4,8581,7871.3461,725

4, 2501,4471,2561 547

4. 5931,6041 3121,677

4,1801,4181,2341 , 528

10,8509,1601,690

10.6587,024

104

6.243469

2. 2661.5767. 229

775433

4, 7851 , 241

2;)9. 17

295. 52251 . 23

1 1 . 4644. 293. 66

.43

47.81. 35.46

128. 93

62.636.324. 05

16.323.62

27.82

4.972.142.74

44.9541.684. 025.931.225.22

777. 5342.059.212.867. 7

157.2138. 6

6. 7574,7911.341

625

4.8301,7551,3581 , 7174, 1641 , 4051,2261 , 533

4,4771.5361 3081.6334,1591,4021.2301,527

13. 0429, 5033,539

26, 80026, 800

0

pl3, 315pll, 566

p 100p 4. 980v 5. 377p 1,071P 1,787p 7, 983

^842P400

P 4,970P 1,983

298. 20

294. 44249. 50

11.3644. 943. 70

.44

47.82.36.48

129. 14

62. 736. 234.06

16. 373.61

' 27. 92

4.952.172. 70

45. 1441.864.045.981.205.10

749. 6316. 556.312.168.2

142.7153. 8

6,7044,6661,463

575

4.6411,7091.2491.6834,2331,4511,2341,548

4, 5801.6011 3321,6474. 2391 , 4301,2711,538

4. 5679,314

-4.747

4. 5403, 566

1031, 497

525450

1, 9657. 252

828442

' 3. 954' 2, 107

297. 88

293. 92250. 12

11.5843. 803. 96

.45

47. 86.36.45

130. 00

63. 126. 114.06

16. 383.60

28. 09

4 992.182.73

45. 3442 03

4 106.041.265. 15

733. 4311. 654. 512.0

70 9149.0135.4

6. 2224. 5281 146

548

4.7921. 6861.3311.7754,2451,4471.2531 545

4 5801 5781 3251 677

4 1941,4171 2571 520

10.32810.577

—249

9. 4457.089

1075. 467

4311. 7861.654

8, 541794492

4, 4512. 849

301.84

297. 90252. 48

~~45.~43~3. 94

.47

47. 90.36

'.43

130. 60

63. 376. 384. 09

16.403.60

28. 15

5. 022.192.74

45. 5842 25

4. 116. 081 245.21

739. 2318.8

54 612.561 7

142 9148.7

6. 2734. 5051 214

554

""""

299. 50

295. 57251. 01

~~44.~ 56"3.93

.49

47.91.30.40

' Revised. v Preliminary. l Data beginning Mar. 1902 reflect revised classifications;not comparable with earlier figures. 2 End of year; assets of l ife insurance companies areannual statement values. tSee similar footnote on p. S-17.

cf Other than borrowing. *Xe\v series (compiled by t".S. Treasury Dept. and H u . ofthe Budget).

^Data for net receipts and total expenditures reflect exclusion of certain interfund trans-actions.

? Revisions for Jan. 1960-July 1961 will be shown later.

October 11)02 SURVEY OF CURRENT BUSINESS S-19


1960 1961

Monthlyaverage

1961


1962


FINANCE—Continued

LIFE INSURANCE— Continued

Premiums collected (LIAMA):*Total life insurance premiums mil $

Ordinary doGroup and wholesale . _ _ _ ._ do._.Industrial do

MONETARY STATISTICS

Gold and silver:Gold:

Monetary stock, U.S. (end of yr.or rno.)_ini l . $._Vet release from earmark § _ _ do __Exports thous $

Production world total doSouth Africa. . _ _ _ doCanada doUnited States do

Silver:Exports doImports _ . doPrice at New York _dol. per fine oz._Production:

Canada thous. fine oz__Mexico -- doUnited States do

Currency in circulation, end of yr. or mo bil. $__Money supply and related data (avg. of daily fig.) :*

Unadjusted' for seas, variation:Total monev supply. _ - ... .. bil. $

Currency outside banks doDemand deposits do

Time deposits adjusted^ doU S Government deposits do

953695136122

M7,767-165

13727,919

297.90062. 40013,400

3 4, 900

2,1494,786.914

2,8353,7113, 3451 32.9

5 140. 95 29. 0

5 111.95 69. 1

5 5. 3Adjusted for seas, variation:

Total money supply do !

994729145120

'16,889-5

64, 5834, 684

2101,70066. 900

3 13.0003 4. 600

3,1543,786

.924

2, 5973 3, 362

3. 524!33.9

s 143. 2529.1

5114.05 78. 554 .8

Currency outside banks do ' 1Demand deposits do i

Time deposits adjusted^ doTurnover of demand deposits except interbank and

U.S. Govt., annual rates, seas, adjusted:Total (344 centers)* .ratio o f d e b i t s ' t o deposits

New York City _ do .

337 other report in? centers . do

PROFITS AND DIVIDENDS (QTRLY.)

Manufactur ing corps. (Fed. Trade and S R C ) :Net profit after taxes, all industries. _ mil. $..

Food and kindred products - doTextile mill products . doLumber and wood products (except furniture"!

mil. $._Paper and allied products... - - do ..Chemicals and allied products doPetroleum refininc'. _ .. ..... . . do .Stone, clay, and glass products.. doPrimary n on ferrous metal ... doPrimary iron and steel-. . . doFabricated metal products (except ordnance,

machinery, and transport, equip.) mil. $Machinery ("except electrical) doFlee, machinery, equip., and supplies., .doTransportation equipment (except motor

vehicles, etc.)_ . ... _ . . mil. $Motor vehicles and parts do\11 other manufacturing industries do

Dividends paid (cash), all industries doElectric utilities, profits after taxes (Federal Re-

serve) . _ _ . ..mil. $Transportation and communications (see pp. S-23

and S-24).

SECURITIES ISSUED

Securities and Exchange Commission:Estimated cross proceeds, total mil $

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)... . do .Public u t i l i tv doRailroad ... .. . _ -doCommunication .. ...clo.Financial and real estate do

Noncorporate, total© doU.S. Government.. do. .State and municipal. ... do

r Revised. 1 End of year. 2 Estimated; exclcountries, China Mainland, and North Korea. CoiNESS STATISTICS volume. 3 Includes revisiontive Aug. 1902 for silver in commercial bar form (pricebasis). i Average of daily figures. B Quarte' Corrected.

35. 560. 034 825. 7

s 3, SOU6 30(1

6 82

« 2(i6 1478 503671!)« 143« 1 236 236

« 101« 246" 256

'5 56Ml 9« 435

•> 2, 07()

« 448

2, 295

2, 12267313934

84017!20

238IS87

210

1,449659602

udes U.Siparablesnot d isd one-qu•ly aver

38. 270.036.826. 1

« 3, 828(>331

« 70

fi 286 1466 51167726 136e 1226 201

6 111

« 265« 256

H 74«3726 430

« 2, 138

6474

2,958

2, 64878527337

1, 096343

22253

15152190

1, 8621.021

695

.S.R., otdata no

tributedirter cenage. 7

987725153109

17,451-23

42, 1189, 246

68. 80012,5003, 800

9923, 585

.914

2,2243, 6502,89132.6

141.629.2

112.480.25.5

142.929.1

113.979.8

38.671.137. 226. 4

931693133105

17, 3764

63, 0654, 949

68. 50012, 1004, 500

3, 3972. 625

.914

2, 3734, 3903. 73732.7

143.129.3

113.880.95.2

143. 529.2

114.380. 5

38. 672. 337.4

3 837377

84

48137520

1,002739152112

17, 300-43

70, 0514,009

68, 90012, 7003,900

2,5113,316

.914

3,0543, 4203, 52332.8

144. 529.4

115. 181.5

6.4

144.229.3

114.981.3

40.175. 638.327.0

989734148107

16,975-272

14,06811,540

69, 20013, 0004, 100

6,6003,441

.923

2. 6433, 5903,81633.5

146. 329.7

116.681.55.8

144.929.4

115. 582. 0

39. 975.338. 526. 8

725

2, 064

1,887637131

45

813288

15220

1613

133

1,250392603

her Eastshovni i

by m outt higher tLess tt

183106208

144268234

206517

2,010

447

1,913

1 . 695460201

17

678268

15113

0

110

1 , 235338699

.'ru Eurcn 1961 BIS. 4 ]lian on folan $50

4.410

4, 100845298

12

1, 15530837

3181926

291

3, 2552, 564

643

peanUSI-:tTec-rmer),(){)().

2, 404

2, 179

18441

987233

^2481

183

1,417357789

*Nare avFederadeposithe UChica

1,135760148227

16, 889-65

52, 75510, 769

67, 80012,9003, 400

1,8965, 1521.033

2, 4242. 8504,29733.9

149.430.2

119.281.84.9

145. 729.6

116. 182. 5

39. 873.438.726. 8

4 609346100

97174538870151141263

116293350

81599560

2, 528

477

2, 094

1,784784284

26

1, 09433042

2115

42315

1, 000341654

rew seriedilable u/ Reservets at allS. Govt.>'O, Detr<

1,062790155118

16,815-64

28, 2242, 021

'70, 60012, 6003, 500

1, 8423, 1561 . 043

2.5183, 5653. 02332.8

149. 029.5

119.583.53.8

145. 929.7

116. 384. 1

39. 770.940. 6

966718143106

16. 790—37

30, 89719. 701

67. 40011,4003,200

1,5389,2491.025

2, 0643,2552,64332.9

145. 329.3

115. 985.44.6

145. 529.7

115. 885.8

38. 568.138. 427.1

3. 506

3, 363504141

2

647225

151161275

104

2. 85!)1. 58P

866

s. Hackpon re< iBulletin

commer§(0r

it, San 1

2, 537

2, 382728146

9

884139

13153

17366126

1,654361

1, 123

data forlest; tho(see als(

•ial bankincrease

"ran cisco

1,087813166108

16, 608-142

52, 84510. 622

72, 90012,8003, 500

9796, 6531.015

2,5143,8862. 69033.0

144.229.6

114. 687.45.1

145. 729.9

115.887.5

4 1 . 778. 210. 927. 6

4 001'/>70

74

1014351979758

143252

118284274

98570396

2. 202

585

1,877

1, 669638204

5

847329

101972021

143

1 . 030372621

premiuise for i i) Oct. 19s otherin ear nit, and Lo

992739146107

16, 495-82

14, 0652,228

72, 30012.4003,000

5265,6151.015

2,2703,4732,44833.2

146.229.8

116.488.93.8

146.130.0

116. 088.7

42.278.441.728.2

4. 075

3, 738881216120

1,217463

15'• 383

90142

2, 8581,506

877

us collectoncv sur60 Bullethan thoirked gols Angelcj

1,022770144107

16. 434-78

31,03216, 290

74. 00012.3003.400

5215, 2031. 015

2,1943 5283,21433.5

143. 629.8

113.889.97.0

145. 730.0

115. 789.6

41.978.840. 828. 0

1,009752150107

16,435-60

14,0003,340

75, 20011.8003,100

9646,8371.023

2, 738

2,31933.8

144. 030.0

113. 991.1

7. 2

145.630.1

115.490.7

41.677.341.327.8

4 .649344

89

16960169!)1911561 9°

18738731 5

1.041771161109

16, 147-310

14, 0052,039

76, 30011,9004,000

4765, 3981.035

2, 18433.9

>• 144. 230.3

M13.992.27.1

145. 730.2

115. 5••91.8

42.1'77.342.128.6

v>o i - .

2. 149

2.015667120

14

801279

37217

65

1, 348352897

ed am tply, etctin for cse due t(d(-).. Olncl

645499

2, 123

472

2,422

2, 2531,063

12446

1.23236123

4731880

173

1, 190363760

urnovcr, are pu

oncepts) domest

clinchudes dat

1.646

1.5815523232

616219

1319

93117

1. 029358641

of totalblishedand metic comniides Bosta not she

1,027762157108

16, 098—10

52. 6631,883

9515, 827

4 1. 083

2,12733.9

143.830.3

113.593.0

6. S

145. 130.2

114.992. 5

41.978.841.428. 3

.

4.042

3. 9598255824

907218

(7)255

56123184

3, 1352, 408

559

I maudi the Ai ds).

( cial \vt01, Phils.)\TI sepa

16, 068

1. 155

depositsug. 19621 Time

nks andidelphia,rately.

S-20 SURVEY OF CURRENT BUSINESS October


1960 | 1961

Monthlyaverage

1961


1962


FINANCE—Continued

SECURITIES ISSUED— Continued

Securities and Exchange Commission — ContinuedNew corporate security issues:

Estimated net proceeds total mil $Proposed uses of proceeds:

New money total doPlant and equipment do"Working capital do

Retirement of securities- _ _ _ -- -doOther purposes do

State and municipal issues (Bond Buyer) :Long-term doShort-term _ _ _ do

SECURITY MARKETS

Brokers' Balances (N.Y.S.E. Members CarryingMargin Accounts)

Cash on hand and in banks mil $Customers' debit balances (net) - doCustomers' free credit balances (net) doMoney borrowed _ _ _ do

BondsPrices:

Average price of all listed bonds (N.Y.S.E.),total§ dollars

Domestic _ _ _ _ _ d oForeign do

Standard Ar Poor's Corporation:Industrial, util i ty, and railroad (Al-f issues):

Composite (21 bonds) c f _ _ _ d o l . per $100 bond--Domestic municipal (15 bonds) do

U.S Treasury bonds taxable ^ _ _ _ doSales:

Totnl, excl. U.S. Government bonds (SEC):All registered exchanges:

Market value mil $Face vnlue do

New York Stock Exchange:Market value - _ __ __ _ doEn oo value do

New York Stock Exchange, exclusive of stoppedsales, face value, total § - mil. $..

Domestic - doForeign _ _ - _ _ - do.

Value, issues listed on N.Y.S.E., end of month:

Domestic do

Face value, total, all issues §_ __ _ ._ _do -Domestic doForeign do

Yields:Domestic corporate (Moody's) percent _ _

By ratings:Aaa doA a doA _ doBaa _ __ _ _ - _ do_

By groups:Industrial doPublic utility doRailroad -- do

Domestic municipal:Bond Buyer (20 bonds) doStandard & Poor's Corp. (15 bonds) do

U.S. Treasury bonds, taxable© do

Stocks

Cash dividend payments publicly reported:Total dividend payments _ mil. $__

Finance - _ _ d o _ _ _Manufacturing doMining - _ _ do_ __Public utilities:

Electric and gas doRailroads _ _ - doTrade - doMiscellaneous do

Dividend rates and prices, common stocks(Moody's):

Dividends per share, annual rate (200 stocks)dollars. -

Industrial (125 stocks) doPublic utility (24 stocks) doRailroad (25 stocks) _ _ _ do _ -Bank (15 stocks) _ _ _clo_ _Insurance (10 stocks) do

Price per share, end of mo. (200 stocks) 9 ...doIndustrial (125 stocks) d o _ _ _ -Public ut ility (24 stocks) doRailroad (25 stocks) _ __ .do

827

730472258

2375

602334

' 390'3,3171 1, 1351 2, 275

91.4291.5681.81

94. 6103.986. 22

133.92134. 52

131.65132.28

112.20105. 88

6. 33

108. 48105. 67

1.61

118.691 1 5. 44

1.97

4.73

4.414. 564.775.19

4. 594. 694. 92

3. 513.734.01

2 13, 575

2 2. 0482 7, 047

2549

2 1,1812 1, 588

23702 5812 212

5. 596. 032. 683. 533.974.75

155. 46173.1869. 8262.46

1 073

902628274

7596

697376

i 4301 4, 2941 1,2191 3, 003

92. 9893. 1 283. 22

95. 2107.887. 55

1 68. 5610? 82

1 63. 701 59. 05

1 30. 34130.51

5. 83

108 341 05. 50

1 58

1 1 6. 51113 30

1 . 90

4. 66

4 354 4S4.705 08

4. 544. 574.82

3. 463. 463. 90

214,1542 2, 1602 7, 346

2 544

2 1 2832 1 692

2 35625782 1 95

5. 706. 072. 813.374.215. 18

185.661 99. 9090. 5568. 26

793

66243422831

100

603665

4364,0211,2082, 734

92. 4792. 6182. 58

93.9106.586. 27

176.24162.53

172.121 58. 75

133.11127. 84

5.27

108.46105. 67

1. 55

1 1 7. 29114.10

1.88

4.73

4. 454. 574. 805.11

4.614.674. 92

3. 543. 554.00

372. 9

85. 3133. 5

2.9

1.8114.8

4.123.07.5

5. 686. 022. 833.374.205.19

189. 30204. 0092.7369. 15

658

612402''10

1136

699351

4204,0371, 2272, 730

qo qj93. 1282 57

93.91 06. 686. 09

137.47133 *9

134,97131.33

106. 515. 24

108 00105.20

1 55

116. 16112 98

1.88

4.74

4 454 594.815.12

4.614.674. 94

3.493.544.02

2, 008. 8

189.31,277.0

107.7

96. 9191.2

57. 959. 829.0

5. 686 022.833.374.215.19

187. 49201.5594. 5068.78

1 129

952641311

40138

643244

4294.0721,2142,710

93 1993. 3283. 31

94. 6107.786. 61

153 52

1 50. 43148 44

120 684. 88

109 03106' 22

1 56

117.00113 82

1.88

4.73

4 424 564.795.13

4. 604. 664 92

3. 363. 463. 98

987.4

182.4350. 0

16.9

235 4118.419. 156. 88.4

5. 696. 042.843.384. 215. 19

193. 10207. 23

99. 7771.01

961

908671237

1340

789532

4224,1801,2132, 803

92 6792. 7685. 36

94.9108. 186. 52

162 65164 03

158 28160 65

140. S4135 71

5. 13

104 75101 86

1 63

113.03109 81

1 91

4.70

4 394 544.755.11

4. 584. 634.89

3.483.443.98

401. 4

114. 1135. 0

3.5

2 4114. 6

1. 522. 8

7. 5

5.886. 3 32.853. 364.255. 19

200. 36213. 75103.9170. 01

1 071

930506424

7170

669336

4304, 2941,2193, 003

92. 2692. 3883. 31

94. 5107. 385. 61

1 60. 431 67. 36

1 54. 50161.12

1 35. 73129.09

6. 61

1 04. 63101. 78

1. 61

113.42110.18

1.93

4.71

4.424. 564.745. 10

4. 594.624.91

3.423. 494. 06

2, 750. 5

400. 51,712.2

157.3

109.9197.675.962.135.0

5.896. 332. 863.364. 255. 19

202. 73216. 6999.3269. 10

632

5073261813985

866186

4364.1451 . 2252,911

92 2492. 3584. 26

94. 5109. 985. 34

150 81157 72

146. 1015? 91

133. 0612(1.35

6. 71

105 52102. 66

1 0?

114.39111. 16

1.92

4.70

4 424 554.745. 08

4. 574. 614.92

3.223.324. 08

1, 065. 4

284.3295. 211.1

235.4119.730.977.311.5

5.926.372.863.364.305.19

195.17209. 4095.1470. 43

866

792642150

67

1,123640

4214, 1001. 1902,882

92. 9092. 9985. 12

94.5110. 585. 17

136.69132 43

131.74127 77

101.3595. 435 92

1 ()() 0 !\

1 03. 3X1 61

114.37111 17

1 . 90

4.70

4 424 564. 745.07

4 574 624. 90

3.203.284.09

544. 4

235.3134. 5

3.0

2 2115 5

4,242.96.8

5. 956.412.863.354.305. 19

198. 76212.12

97. 7669. 98

823

709458251

1697

621351

4264, 1171,1542, 963

93 8993. 9985. 80

94.8111.986. 21

H3.42144 94

138.15139. 49

113.54104.74

8.80

107 40104.42

1 63

114.39111 10

1. 90

4.67

4.394 534.715.04

4.524. 604.88

3.123.194.01

2,074.4

183. 81,331.4

109. 0

113 2197.356. 753.329. 7

5. 966. 412.913. 354.305. 29

198. 91213. 7898 8768. 60

1 185

1.033753279

7280

877442

4194,1151,1103.072

94 4094. 5086.04

95. 4113.787. 69

134.82135 58

129 99130 81

117.18111.74

5.44

109 44106. 40

1 68

115.93112.59

1.95

4. 63

4 334 494. 665.02

4.464.564.86

3.003.083.89

987.8

188. 9340. 911. 1

235 3123 3

20. 557. 99.9

5. 966. 422. 913. 354. 305 29

186.281 98. 7296. 4564. 78

785

62143518625

139

897499

4264. 0341,2052. 889

93 8093. 9184. 68

95. 9113.587.87

188 43184 91

1S3. 01179 28

183. 17174 76

8.42

106 74103 70

1 67

113 79110 42

1 98

4. 58

4 284 434. 625.00

4 424 504.83

3.243. 093.88

384.0

91.9131.4

5. 2

3 3116 8

5.523. 06.9

5. 976 412. 973' 354.305. 29

171.39183.4386. 7962. 00

1 214

95371324082

180

760375

M373. 6371,3742, 239

93. 0293. 1384.82

95. 7111.287. 61

246. 49249 77

238. 82241.24

184.88176. 26

8. 62

105 51102. 42

1 74

113.42109. 97

2. 06

4.59

4 284 444.625. 02

4.454.474.86

3.243.243. 90

2, 086. 2

167.61.354.5

108. 5

113 0199 156. 659. 327 6

5. 976 412. 983.354. 305.29

157.34168.0081.7457. 19

607

531351180

1759

641301

4153, 5921,2522. 124

99 9793. 0884. 61

':!/). 4

110.2S6.07

151 86156 85

148.2515? 98

116.51108. 52

7.97

105 47102. 37

1 76

113.45109 98

2. 08

4. 03

4 344 494. 655. 05

4 5%)

4 484. 90

3.333. 304. 02

994. 8

197.4338. 610.5

?35 71?3 816.959. 812. 1

5. 976. 402. 983.354. 305. 29

168.24178.96

87 71'58. 27

894

64741223416087

r 559'573

3883, 7721, 1272. 506

93 7693.8785. 88

95.4110. 186. 04

117.841?5 30

112.35119 58

95. 8688 71

7. 1 0

1 08 52105 36

1 80

115 74112 °5

? 10

4. (54

4 '-T>4 494 665 06

4 514 504 90

3.143.313. 97

395 4

93 213-r 5

3 0

•> q118 6

8 7

10 0

5. 976 402. 993 354 305 3'>

170. 51181.4090 l - >

59. -'5

412171

87. 02

4. •-,!

4 324 464. H25. 03

4. 454 4'.)4.88

3. OH

3. 94

2. 137. 9

2?9 41,352.3

105. 5

112 8201 3

50. 758. 407 5

5. 970 403.023.344. 305 32

161. 75172.2987 4256. 07

T Revised. 1 End of year, 2 Annual total.§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 listedbonds.

cfNumber of bonds represent number currently used; the change in the number does notalYect the continuity of series.

^ Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.OFor bonds due or callable in 10 years or more.9 Includes data not shown separately.



1960 | 1961

Monthlyaverage

1961


1962


FINANCE—Continued

SECURITY MARKETS— Continued

Stocks — Continued

Dividend yields and earnings, common stocks(Moody 's):

Yield (200 stocks) percent--Industrial (125 stocks) doPublic utilitv (24 stocks) do. __Railroad (25 stocks) doBank (15 stocks) doInsurance (10 stocks) do

Earnings per share (indust., qtrly. at aim. rate;pub. util. and RR.,for 12 mo. ending each qtr.):

Industrial (125 stocks) dollarsPublic utilitv (?4 stocks) doRailroad (25 stocks) do

Dividend yields, preferred stocks, 14 high-grade(Standard & Poor's Corp.) percent--

Prices:Dow-Jones averages (65 stocks)

Industrial (30 stocks)Public utilitv (15 stocks)Railroad (20 stocks) _ . _ _

Standard & Poor's Corporation:Îndustrial, public utilitv, and railroad:

Combined index (500 stocks) 1941-43=10..

Industrial, total (425 stocks) 9 doCapital goods (l'?3 stocks) doConsumers' goods (193 stocks) do _

Public utility (50 stocks) _ loRailroad (25 stocks) lo

Banks:New York Citv (10 stocks) loOutside New York City (16 stocks) do

Fire insurance (16 stocks) do

Sales (Securities and Exchange Commission):Total on all registered exchanges:

Market value mil. $-_Shares sold rnillions_-

On New York Stock Exchange:Market value mil. $__Shares sold millions

Exclusive of odd lot and stopped sales(N Y Times) _ millions

Shares listed, N.Y. Stock Exchange, end of mo.:Market value, all listed shares - bil. $_.Number of shares listed millions. .

3.603.483.845.653 912.92

19.62M.122 4. 80

4.75

204. 57618.0491.39

138. 93

55. 85

59. 4359.7547.2146.8630.31

26. 23.53. 1033.93

3, 768116

3,16380

64

291.496, 231

3.073.043.104.943 182.31

19.6124.332 3.94

4. 66

232. 44691. 55117. 16143. 52

66.27

69.9967.3357. 0160.2032.83

33. 7570.7845. 42

5,317168

4, 392108

85

358. 936, 752

3.002.953 054.873 032.19

4.69

237. 89718. 64119.32141. 65

67.79

7*1.6969.1858. 7361.1932.76

35. 6474.4747.19

5, 161149

4,338104

82

308. 656, 847

3.032.992.994.903 062.22

8.804.273 56

4.69

237. 88711.02121.20143. 23

67. 26

70.8969.7859.8262. 1933 02

36. 0977.2747.16

4,215123

3, 54382

64

361. 146,871

2. 952.912.854.762 782 10

4.62

241.67703. 01127.69149. 67

68.00

71.4269.3261.2664.1534 53

36.7379.2649.40

4, 624136

3,89890

73

371. 996, 974

2.932.962.744.802 831.98

4.59

248. 56724. 74133. 74149. 06

71.08

74.7270.9164. 7767. 1934 30

39. 9383. 8751. 60

5, 282156

4, 420103

88

387. 357, 009

2.912.922.884.862 752.10

11.644.333 94

4. 64

246. 76728. 44131.90143. 86

71.74

75. 8170. 5865. 0065. 7733 91

40. 1083. 5050. 97

5, 338165

4,467106

82

387. 847, 088

3.033.043.014. 772 942 20

4.59

239. 95705.16124.46147. 38

69.07

72. 9968. 0661.7862. 6933 77

38.0276. 7947.60

5, 203157

4, 366103

81

375. 207, 202

2.993.022.934 792 812 13

4.52

243. 07711. 95127. 45148. 61

70.22

74.2268 3762. 3563. 7034 23

39.0975.7949.24

4,219126

3, 54585

66

383 427, 269

3.003.002.944 882 972 10

10 804 454 69

4.48

243. 36714.21129 84145. 24

70.29

74.2268 0662.2664. 5133 45

38 1073.4149.71

4,447135

3 70388

68

381 367,302

3.203.233.025 173 262 28

4.45

237. 42690. 28129 25142. 29

68.05

71.6464 4960. 6663. 8632 31

36. 1170.9448.42

3,954114

3, 33579

65

357 777, 343

3.483.493.425.403 562.59

4. 45

221.91643. 71120. 03134. 96

62.99

66. 3258. 1755. 8658. 8430 71

32.3365. 1 143. 79

5, 367148

4,649105

111

326 787, 434

3.793.823.655 863 742 86

11 104 504 98

4.52

198. 94572. 64109. 17121. 64

55. 63

58.3250. 1848.9853. 3228 05

29. 6958. 4538.36

6,728204

6, 034156

100

298 977, 485

3.553. 583.405 753 452 68

4.59

'203. 10581.78113 91122. 75

56. 97

59. 6151 0849. 8255. 51°8 29

31 0259. 8838. 52

4,291131

3,78999

74

318 847, 533

3.503. 533.325. 653. 432.63

4.55

208. 94602. 51118.93121. 89

58. 52

61.2952. 9151. 1756. 9628 09

32. 3561. 9340.72

4,117132

3 57596

77

324 517, 552

3.693.713. 455. 963 702. 85

207. 82597. 02120.53119. 76

63

FOREIGN TRADE OF THE UNITED STATES

FOREIGN TRADE

Indexes

Exports of U.S. merchandise :tQuantity 1957 59—100Value _ _ _ _ _ _ d oUnit value do

Imports for consumption:!Quantity doValue _ _ _ _ . . _ _ _ d oUnit value _ _ . _ _ _ _ _ _ do

Agricultural products, quantity:Exports, U.S. merchandise, total:J

Unadjusted _ _ _ 1952-54-100Seasonally adjusted _ _ ___ do_

Cotton fiber (incl. linters), seas, adj doImports for consumption, total:J

Unadjusted _ - _ d o _ _ _Seasonally adjusted do

Supplementary imports, seas, adj doComplementary imports, seas, adj do

Shipping WeightWater-borne trade:

Exports, incl. reexports§ thous. Ig. toris__Oeneral imports _ _ _ do

ValuetExports (mdse.), incl. reexports, totalf mil. $__

Excl. Dept. of Defense shipments doSeasonally adjusted* do

By geographic regions:AAfrica doAsia doAustralia and Oceania _ doEurope do

Northern North America doSouthern North America doSouth America dor Revised. * Preliminary. l Quarterly av- For 12 months ending Dec.cf Number of stocks represents number current

affect continuity of the series. 9 Includes data notRe visions for Jon. -Dec. 1960 (prior to May 1961

be shown later.

108109101

10910899

194

202

103

106102

9, 40814,810

1,713.21,634.1

63.8303.939.6

543. 8

309. 2139. 4174.7

3ra»-e at £

y used;t shown sfor inde\

107111103

10710598

P 193

v 172

106

108"109

9. 50814, 012

1, 739. 51 , 672. 0

68.9342.333.4

536. 7

303. 6121.4185. 8

innual ra

the chaneparateles rebas(

103106103

11210998

179221391

113123127121

10, 85915, 184

1,669.41,597.91,659.7

65.2300. 638.7

517.5

302.2121.9176. 4

te.

?e in nuiv.d to 1957

101104104

10510398

P 158P 174P 149

102112106116

9, 85114, 188

1,631.01,556.51,667.8

63. 1293.832.5

490.5

299. 5123. 6184. 5

nber doe

-59=100)

116120104

12011697

P218P 199v 105

109125124126

10, 90415, 160

1,889.81,816.81,772.9

78.0324.434.1

603. 2

350. 0125.7205.7

s not

will

111116105

11811598

P223P 188v 124

10111714599

10,41914, 387

1,817.71,759.41,716.3

82.5332. 632. 6

573. 8

317.9130. 7185. 2

§Eprogra

111as wel

*TSA

111116105

11211098

p 213P 173P 121

11410312693

9, 38914, 694

1, 826. 91, 777. 31,719.2

77.0389. 630. 2

561.0

287.7126.4202.8

xcludesms as D(icludes gas econ(

'ew serieExcludes

100104104

12111696

7.87314, 432

1,642.21, 591. 81,660.0

78.9348.931.0

502.8

272. 8109. 9160. 9

"special^partmenrant-aid)inie aids. Revifr"special

108113105

10810496

8.833r 13, 078

1,774.61,712.41,852.1

80.8331.733.1

574.1

273.8114.5164.5

category't of Defeshipmenshipmened datacategory

112117105

12311896

8,84714, 884

1,844.91,783.21,632.1

86.7341.132.9

584. 5

310.8126. 5187. 5

' shipmense contis underts underprior to :" shipm

116120103

11911496

9,50914, 325

1, 881. 21, 798. 81, 794. 6

94.8337.440.2

557. 6

352.2117.7182.7

nts androlled cathe Depother pr961 mayents.

121125104

12612296

1, 972. 51, 892. 41, 774. 7

79.7352.841.6

581.0

379.6134.9176. 0

all comnrgo.t. of Def(ograms.be obta

122126103

11911496

1, 970. 41. 894. 11,858.9

88.7359.841.9

573.7

370. 4134. 9185.4

lodities e

>nsc Mill

ned fro n

106109103

12011495

1, 709. 11, 621. 51, 718. 1

78.6326. 741.7

473.8

314. 0118.8150.5

xported

tary Ass

i Bu. of

1,682.51.634.61,651.6

73.6319.739.6

495. 0

303.9127.1173.7

under fo

istance 1

Census r

reign-aid}rogram,

pports.



1960 19G1

Monthlyaverage

1961

Aug. Sept. Oct . Nov. Dec-. Jan. Feb. Mar. Apr.

1962

May | June July Aug. Sept.

FOREIGN TRADE OF THE UNITED STATES—Continued

FOREIGN TRADE— Continued

Valuet— ContinuedExports (mdse.), incl. reexports — Continued

By leading countries:Africa:

United Arab Republic (Egypt Res ) mil $Republic of South Africa do

Asia and Oceania:Australia including New Guinea doState of Singapore doIndia do_.Pakistaia do _.Japan do __Republic of Indonesia do_ _ -Republic of the Philippines do

Europe:France doEast Germany - do_ _\Vpst German v doItalv doUnion of Soviet Socialist Republics doUnited Kingdom do

North and South America:Canada do_

Latin American Republics, total 9 do\rgentina do -Brazil - -- -do _ ..Chile doColombia do _ _ .Cuba - _ - doMexico do

Exports of U S merchandise, total 5 . -doBy economic classes:

Crude foodstuffs _ . do . _Manufactured foodstuffs and beverages. - - doSemimanufacturesc?1 doFinished manufacttiresd" - - do_

By principal commodities:Agricultural products, to ta l?-- _ d o - . ..

Cotton unmanufactured - _ - doFruits, vegetables, and preparations doGrains and preparations doPackinghouse products - - do ....Tobacco and manufactures A do

Nonagri cultural products, total 9 -- doAutomobiles, parts, and accessories doChemicals and related products§ doCoal and related fuels do .Iron and steel products - _ . _ _ _ do

Machinery, total §9 - . - -do ._ .Agricultural doTractors, parts, and accessories doElectrical . doMetal working - - doOther industrial c o _ .

Petroleum and products < oTextiles and manufactures _ _ _ . -.do

General imports, total O _ doSeasonally adjusted*© do

By geographic regions: O

Asia doAustralia and Oceania - _ - -_ do_ . .Europe ( oNorthern North America doSouthern North America - - doSouth America do

Bv leading countries: OAfrica:

United Arab Republic (Egypt Reg.). ..do....Republic of South Africa do

Asia and Oceania:Australia, including New Guinea - doState of Singapore doIndia doPakistan - - . _ _ _ doJapan doRepublic of Indonesia _ - - - doRepublic of the Philippines do

Europe:France < oEast German v < oWest Germany ._ _ < oItalv doUnion of Soviet Socialist Republics c oUnited Kingdom do

12.623.1

32.33.4

53. 414.2

111.87 2

24.8

48.5.3

89.254. 23.2

117.0

309. 1

289. 829. 235. 916.220. 518.6(18. 345. 9

1,696.5

215.7137. 193. 1

294. 5956. 1

402. 782. 332. 4

137.925. 139. 7

1,293.8108. 114;). 530. 273. 2

360. 51 2. 132. 385. 230. 8

178. 839.957.8

1,251.5

52. 2226. 8

22. 2355. 6262. 9127.2202. 9

2.616. 7

11.91.6

19.03.0

95. 718.025. 6

33. 0.3

74.832.8

1.982. 7

13.519.0

26.63.9

40.216.3

144.911.227 7

47.19

89 6

66. 23. 6

94.2

303. 6

281 . 7

35. 3•10 518 9

20. 41. 1

66. 442 5

1,719.0

212 2158. 196. 4

273. 9978.4

419.1

73.732. 9

157. 827.441.6

1,299.9

98.6143. 829. 268.7

394. 7

12. 029.993. 540. 0

1S8. (')

37. 156. 8

1,226.7

55 8215.2

26. 7345. 8

272. 4113.81 96. 7

2.917.4

15. 41.2

21.03. 1

87. 913.626. 4

36. 39

71.331.3

1.975. 1

11.717.4

32.84.3

29.211.2

139. 510.123. 6

43.32

88.6

63. 03.8

84.9

302. 2

274.3

32. 737. 517.0

16.3. 1

68. 646.7

1,649.9

920 2135. 190. 8

26,6. 4931.3

391.4

X9. 430. 9

133. 825. 635. 6

1,258.5

81.2142. 138. 4(59. 3

374. 3

9.027.094. 340. 6

1 78. 4

41. 753. 8

1.251.S1,261.3

52. 1242. 6

33. 4334. 6

301. 199. 1

1 88. 9

. 913.5

21.92.6

18.02. 5

107.314.531.0

40. S.3

65.336. 8

1.373. 5

8.415.9

27.43.8

24.613.4

132. 512.223. 7

44.9( ' )82.2

55. 9.2

109. 1

299. 5

283. 2

35. 636. 518.7

21.0(')67. 344 6

1,614.3

202 5145.979. 5

249. 9930. 4

371.3

44.831.6

139. 324.776. 1

1,243.085. 8

139. 237. 367. 2

378. 6

7. 828.889. 98X. 1

!SO. 1

34 053. 9

1,197.11,280.3

45. 9220. 929. 5

327. 6

283. 690. 3

1 99. 2

.418.8

16.71.7

17.83.3

94.314.028.3

35. 5.2

07.929.43.3

70.7

18.616.1

28.63.5

38.214.3

133.313. 529. 3

43.8.2

108. 1

62. 8.5

129.2

349. 9

306. 5

49. 039. 119. 1

19.2. 1

70.448. 1

l.NOO 8

249. 31X9.41 1 9. X

1.035.6

501.5

43. 049. 5

181.330. 082.3

1 . 365. 3

105.4148. 136. 271.3

422. 1

8.832. 9

104. 430. 5

207. 5

37. 359. 9

1,358.61,317.7

53. 2244. 528. 2

420. 9

316. 193.3

201.4

22'. 9

15.4.9

18.71.9

99. 512.927.4

49.8. 1

81.840. 12 2

102. 4

18.216.2

27.34.7

29.918.9

135. 26.9

36.3

45. 8.5

95. 0

66. 0

103.9

317.9

286. 4

40.730. 619 8

17.7. 1

70. 943 3

1.797.9

250 2180. 9106. 6?.02. 4997. X

490. 1

58. X35. 1

179. 130. 804. 0

1.307.8

107.3141.433. 000. 9

400. 4

9.424. 5

105. 140.7

187.5

38. 200. 4

1,342.21,310.7

40 3235 327.3

414.8

310 8111 .7195 2

(i19.4

18.3

31.42.2

99. 014.81 5. 5

44. 0.2

82.838 7

1.884.0

18 017.5

25 34.7

46.732.6

155. 311.223 2

47.2. 1

94 1

63. 7.4

100 9

287. 6

302. 0

34.840. 820 2

26. 6.1

69 652 0

1. 806. 9

232 1178.8104. 7280. 9

1,010.4

469. 5

77. 532. 9

186.426.843. 9

1.337.5

107. 9148.027. 866. 2

402. 6

10.223. 595. 049. 7

189. 1

33. 360.6

1,294.91,296.5

40. 5236. 622. 6

377. 5

278. 8113.5223. 9

16. 5

17.11.6

24.83 7

94. 017 2

39.4. 1

70. 633 2

.983.2

25.015.2

28.24.2

44.920.7

134.311.720.3

47.40)74.5

59. 92

78*8

272. 7

240. 8

37.430. 813 4

17.4.2

55. 834 6

1.617.2

164.5146. 9107.3250. 294X. 1

370. 8

54. 029. 9

1 57. 921.923. 7

1 , 240. 4

98.9142.021.257. 3

387. 3

10.020. 391.936. 1

192.0

33. 049. 0

1. 372. 01 . 320. 1

04. 1243.8

32. 4379. 9

275. 5149.7220. 9

. 827. 9

22. 93.4

21 . 04 . 4

1 07. 513.020. 7

42.45

07. 032 4

1.281.9

24 119.2

27 43.8

29.812.2

134.29.6

21 0

56. 00

93.5

71.22.7

100.3

273. 8

254. 4

33. 630. 017 0

20.3( ' )62. 035 7

1,753.0

167 5175.8108. 2252. 9

1,049.1

4 1 1 . 3

53. 530.4

190.324. 527. 2

1 , 342. 3

1 10. 4142.325.050. 9

403. 2

12.028. 590. 347. 7

194.6

31.355. 2

1.224.21.314. 1

r>7 2201. 420. 4

367. 3

241.8129. 4191. 2

3.018.3

16.41.8

20.45.7

77.812.415. 5

39 8. 1

76.331 3

.674.5

22.219.4

27. 52.9

43.19.5

132. 011.123.2

50.6. 1

102.3

76.7_ 2

91 '3

310. 8

279. 6

42.932. 515.3

23. 6. 1

59. 341 9

1.S22.5

171.2176.0122. 3255. 5

1,097.4

428. 0

55. 034. 5

188.223. 531.9

1,394.5

112.5153.026. 048. 6

440. 6

11.330. 299. 148. 1

217-2

33. 063. 1

1,3X5.91,336. 1

56. 9227. 6

51. 5398. 5

292. 5137. X22r). 1

2.017. 1

33. 61. 1

20. 34.5

103. 99.5

21.6

35. 6.5

81. 339 0

1.685.4

28 821 5

34 83.7

47 617.8

115.515 323 1

55 6. 1

91 9

57 3.2

85 3

352 2

273. 1

40 529 414 9

92 6(053 650 1

1 . X57. 4

161 X176.9107. 7254. 9

1. 156.2

410.9

42. 630.7

182.425. 032.X

1 . 446. 5

1 1 9. X158.428.349.0

402. 0

1 0. 534.4

113.839. 1

220. 0

39. 803. 2

1,333.21.374.2

85 8241.9

29. 2370 9

292. 7123.7182.3

5.827. 0

1 9. 5.9

20. 94.0

100.212.427. 1

33 2.4

70.933 0

1. 782.4

23 915 1

35 24.4

60.823.5

116.88.7

22 5

59.9.7

101 160 74.3

84 3

379. 6

283.432.642.012 321.90)74 837 4

1 . 940. 2

193 1214.9127.7257. 0

1. 153.0

473.3

50.437.8

217.631.531.2

1.472.9

121.9155.237.554. 6

477.0

17.638.5

117.946. 6

219. 5

38.258. 0

1.453.51.385.0

67 8265. 927.2

416.3

326. 0141.6207. 2

2.622.7

1 6. 29

22.03. 1

113. 712. 937 4

38 12

80.737 5

.993.7

22 422.2

35 25.4

68.231.9

117.411.222.8

50.3.1

95.372.32.8

77.8

370. 3

291.937.842.912 399 9

( ')69. 041 1

1,948.5

204. 1189. 8127.8264. 3

1.162.6

470. 5

59. 039.3

187.936.740.2

1, 478. 0

113.5158.835.350. 7

493. 6

16.734.2

116.950. 5

169. 4

37. 760. 0

1,350.21.345.8

61 7242. 634. 2

362. 8

339. 3109. 7198. 7

3. 216.9

19. 18

10 12. 3

110 712.331 9

34 72

75 936 9

1.279. 1

22 320.2

35 43.3

75.035.7

97.07.0

21 7

35.7.1

X2 3

48. 71.0

83 6

314. 0

243. 5

29.433. 511 2

17 4( i )59 939 9

1.691. 5

199 q153. 4106. 1

1.011.6

402. 1

t i t ) . °34. 0

I r l 5

36 3

1,289. 4

91.01 42. 231 039 3

423. S

14 931 3

105 640. 9

193 6

48. '1

1,337. 11,353.4

60 4°02 031.9

305 9

313 3109. 1180 1

3. 918 8

•>2 91 4

21 33 0

120 212 940 9

3*i 51

74 130 3

1. 284.9

10. 715.0

33. 44.1

57. 028.9

102.29.3

21. 5

40.3.1

85. 5

58.91.4

75. 0

303. S

274. 0

32. 539.116 7

• > ( ) x0

6 4 . X3X 1

1.00L>. 2

153. 11.09. 7265 197S. 5

3 59. 0

19.935. 7

23. 237. '.)

1.302.0SS. |

149.04°. 050. 4

4 1 2 . 6

12. 129. 498 741 .3

205. 6

39. 05 < > . 3

1 358. 81,377.0

~il I•>06 8

361.5

319 7109. 2°00 3

. 915.6

•>S 81 9

19 99 ~

131 9(,l 9

39 6

39 o

X ( ) 04 1 7

2. 1XO. 7

r Revised. ' Less than $50,000.t Revisions for individual months of 1960 and for Jan. 1901 wi l l be ;9Includes data not shown separately. ^See similar note on p. ?c^Data for semimanufactures reported as "special category, type

finished manufactures.

AManufactures of tobacco are included in the nonagricultural products to ta l .hown later. §Excludes "special category, type 1" exports. *Ne\v series. Data prior to Aim.'-21. 1900 may be obtained from Bureau of Census reports. O Effective with the Apr . 19021" are included with SURVEY, the import totals and appropriate components reflect revisions to include u r a n i u m

ore and concentrates. For certain recent months, the data by regions and countries excludeimports unidentified by area of origin.



1960 1961

Monthlyaverage

1961


1962


FOREIGN TRADE OF THE UNITED STATES—Continued

FOREIGN TRADE— Continued

Valuet— Continued

General imports, by leading countriesO — Con.North and South America:

Canada mil. $--

Latin American Republics, total 9 do

Argentina _ do _Brazil doChile doColombia - do _Cuba doMexico do _Venezuela _ _ _ _ do

Imports for consumption, total© doBy economic classes:

Crude materials - doCrude foodstuffs doManufactured foodstuffs and beverages. -do

Finished manufactures _ _ - d oBy principal commodities:

Agricultural products, total 9--- -do

Cocoa (cacao) beans, incl. shells _ _ _ d oCoffee -- doRubber, crude, including guayule doSugar do_-Wool and mohair, unmanufactured do_ _ -

Nonngrieultural products, total 9 do

Furs and manufactures doIron and steel products doNonferrous ores, metals, and mfs., total 9

mil. $..Copper, incl. ore and manufactures. _ doTin, including ore do_

Paper bnse stocks doNewsprint doPetroleum and products do

202. 8

294.0

8.247.516.024.929.836.979.0

1,251.2

281.3143.4130. 5257 6438. 3

318. f>

11.983.626.842.316.4

932. 5

9.144.2

95. 633. 49.8

28.057 3

128. 6

272.2

267.8

8.546.815.423.02.9

44.974.9

1,219.0

262.7143. 0133. 5257 0422.9

307. 5

13. 380. 318.038. 116. 5

911.5

8.437.7

89. 123. 29. 9

27. 757 2

1 34. 7

300. 7

244.3

8.753.311.920.52.3

37.869.5

1,266.7

277. 0138.0147.4251 7452. 6

334. 3

13.777.818.546. 415.0

932. 4

4.343 9

86. 120.611.030.758 7

123.8

283.4

250. 1

8.957.38.1

21.94.0

31.271.2

1,196.5

265. 9130.5135.29 50 0414. 9

297.2

7.379 216.135. 315.4

899. 3

5. 240 4

89. 519. 713.728. 155 4

131.7

316. 1

253. 2

9.056. 514.824.1

3. 135. 565. 0

1,3538

294. 5141.9153.7281 3479. 4

320. 6

4.578.822. 840. 619. 2

1,033.2

4 446 0

113.228.013. 931.058 1

130.2

310.6

263.8

7 345. 318 518 72.8

42 872 7

1 ,336 9

273 8132.0163. 0289 6478.6

305. 4

2.766. 621.034. 714. 5

1,031.5

7 451 9

1 10. 530. 912. 630. 063 9

1 36. 7

278. 8

296. 8

5.856.916.821. 22.5

49. 788.3

1,272 7

271.8148. 8131.2975 9445. 0

301. 5

5. 387 921.734. 614.4

971.2

21 039 1

103.222. 813 227. 956 ri

113.3

275. 3

323. 3

7 154.624 8

17 93.7

60 792.9

1, 353. 6

291 0159. 8125. 1

r 309 f)r 468. 3

326. 0

14.892.722.227. 320. 1

1 , 027. 6

16 445 0

111.028.211 829. 055 9

1 73. 8

241 7

279. 6

7 347.512 919 62 1

56 477 5

1,207 8

257 4158 5104.2

r Of/) 2' 427. 5

300. 0

11. 194 218.522 518.0

907. 9

15 238 6

85. 221.9

7 630. 948 5

139.7

292.4

315.4

9.640.022.218. 5

.657.893. 1

1,368.8

281.2146.4150.2

r 303 fir 487. 4

328. 7

12.475. 116. 536. 520. 7

1.040. 1

11 746 1

100. 125.612 930. 156 0

153. 4

292. 6

264. 4

10 239.011 418.3( i)61 279.6

1 325 6

267. 31 53. 9133. 8

r 285 gr 484. 9

313. 0

17.275 418.538 216. 1

1,012.7

10 543 9

101. 522. 111 029.154 6

133. 8

325 7

307. 8

8 042.027 7

24 42

59 179 1

1 412 7

286 8155. 4160.8

r 298 3r 511.4

337.2

1 2. 683 421.158 315.7

1 . 075. 6

8 956 6

101.023. 612 530. 461 7

140. 2

339 1

267. 9

9 735.119 620 4(i)38 884 7

1.320 6

'>88 7127.1144.3

r 269 0* 191. 5

288. 3

16.763 916.046 716 3

1 . 032. 3

6 4)

51 4

90. 124. 08 9

30. 463 9

141.3

313.0

255. 0

37.720 2

22 90)36 066.2

rl,328 4

276 7132. 5150. 7279 5489.0

300. 4

17.670 420. 754 813 I

1.027.9

5 651 °

2 103.921.6

8 427. 857 7

138. 2

319.3

260. 2

9 044.2

4 929 7(')33 180 7

1,370 7

301 2136. 1147. 8°80 7504. 9

330. 3

10.083 319. 135 417 0

1.040.4

6 I t53 S

<)5. 320. r,

x 331.8r"7 *'

142. 0

TRANSPORTATION AND COMMUNICATIONS

TRANSPORTATION

Airlines

Scheduled domestic trunk carriers:Financial operations (qtrly. avg. or total):

Operating revenues, tota!9 mil. $..Transport, total 9 do

Passenger doProperty doU.S. mail do....

Operating expenses (incl depreciation) doNet income (after taxes) do

Operating results:Miles flown (re venue) _ _ _ - thousExpress and freight ton-miles flown doMail ton-miles flown doPassengers originated (revenue) doPassenuer-miles flown (revenue) mil

Express OperationsTransportation revenues thous. $Express privilege payments do

Local Transit LinesFares, average cash rate§ cents..Passengers carried (revenue) miL_Operating revenues (qtrlv. aver, or total) mil $

Class I Motor Carriers (Intercity)Carriers of property (qtrly. avg. or total):

Number of reporting carriersOperating revenues, total mil. $._Expenses, total _ doFreight carried (revenue) - mil tons

Carriers of passengers (qtrly. avg. or total):Number of reporting carriers - _..Operating revenues, total mil. $ _ _Expenses, total do .Passengers carried (revenue) mil_-

Class I Railroads

Freight car-loadings (AAR)rcfTotal cars thous. _

Coal _ doCoke doForest products doGrain and grain products do

493. 5489. 1443 430.011.7

484. 61. 1

60,41931,71811,0663, 8542, 450

30, 70510, 420

18.9627

351. 8

1 9651,212.11, 181. 2

71.2

1 141115.4100. 957.2

2, 53744334

159232

514. 8509. 6461 232. 212.9

512 4•' 6.0

57, 45037,130

M2 248••3,817

2 475

30, 7379. 760

1 9. 6604

348.9

4 9651,234.41,185.4

71 6

' 141120. 5104. 856.3

2, 38242429

1 56237

62, 75039, 77512 1044,2282 807

32, 1029, 797

19.6r 568

2, 367421

281 58234

539. 8536 1486 333 412. 3

531 9'' 3. /?

58 84641,0(121 1 7673. 858•? 543

31.4669, 974

19.7584

327. 0

9731,273.61.206.3

73 9

141145.4114.861.2

2,95153738

T mq245

60 26243, 53612 520

4. 0292 544

33, 07910,803

19.7633

2, 58045531

157244

57 56342, 18012 5703,8392 367

31,86710,266

19.7615

2, 31043431

146213

524. 7519 4465 535 41 5. 0

''80

56 50144, 70517 1863, 7862 537

36 49311,614

19. 761 5

368 4

9651,334.81 286 3

77 1

141119.4104 357. 3

2, 61052439

Jg9

268

59 72439,43612 6953,973

•> (V21

19.8613

2, 03941034

129224

I

543.3

488 833 813.7

555 4•' 17 0

54 557 62 74537,' 540 '45! 58712 140 r14 3603, 591 T 4, 1072 344 '> 677

i 3 89,9 13!? 26,277

19.8 ! 20.0554 ! 619

340 7

! i 010;!, 278.911 242 9

76 0

! 142: 104.8

99 8! 51. 2

2, 141 2. 720413 ! 49736 44

153 191227 | 264

61 75443, 38113 4°24, 2962 746

20. 0610

2. 25039933

H7

206

62 89046. 61414 046

4, 145o (;(;2

20. 1639

2. 330410°7

1 ^7196

597. 4

"3S 53t> 414 3

561 0Q 4

60 98044. 27812 7044, 2869 qf,3

3 95 4)573 29 820

20.1580

357 7

2. 885540

9 C)

1 8^

248

20. 1538

'_>, 043''61

191 00

''16

20. 2561

2 30043323

214

2 85254030

_.i

' Revised. rf Deficit. ' Loss than $50,000. 2 Beginning July 1962, includes data forrefined bauxite (imports for 1961 totaled $11.1 mil.). 3 Quarterly total. 4 Number ofcarriers filing complete reports for 1961.

J See similar note on p. S-22. O Sec similar note on p. S-22. 9 Includes data notshown separately.

§ Revised effective Jan. 1960 to reflect fares charged in U.S. cities with a 1960 populationof 25,000 or more; revisions for 1960 are shown in the Nov. 1961 SURVEY.

cf Data for Sept. and Dec. 1961 and Mar., June, and Sept. 1962cover -5 weeks; other mont hs,4 weeks.

S-24 SURVEY OF CURRENT BUSINESS October 1!K52


1960 | 1961

Monthlyaverage

1961

Aug. Sept . Oct. Nov. Dec.

1962

Jan. Fob. Mar. Apr. May June July Aug. Sept.

TRANSPORTATION AND COMMUNICATIONS—Continued

TRANSPORTATION— Continued

Class I Railroads — Continued

Freight carloadings (AAR)cf— ContinuedLivestock thousOre -do __.Merchandise 1 c 1 doMiscellaneous -do

Freieht carloadings, seas. adj. indexes (Fed. R.):fTotal 1957-59=100

Coal doCoke . ..doForest products doGrain and grain products . doLivestock.. __ _ _ do __Ore doMerchandise, l.c.l doMiscellaneous do

Financial operations:Operating revenues, total 9 mil. $

Freight - - doPgssencer do

Or)eratincr expenses doTax accruals and rents doNet railway operating income do

Operating results:Freight carried 1 mile fqtrly.) bil. ton-miles,^"Revenue per ton-mile fqtrlv avg ) centsPassengers carried 1 mile, revenue (qtrly.)--miL.

Waterway Traffic

Clearances, vessels in foreign trade:Total V S ports thons. net tons

Forei°"n vessels doTTnited States vessel55 do

Panama Canal:Total thous Ig tons

In United States vessels do

TravelHotels:

Average sale per occupied room dollarsRoom^ occupied %• of totalRestaurant sales index same mo 1951 — 100

Foreign travel:IT S citizens- Arrivals thous

"Departures doAliens' Arrivals do

Departures doPassports issued and renewed - _ d o _ _

National park^ visit*5 doPullman Co.:

Passenger revenues thous ^

COMMUNICATIONS

Telephone carriers:Oppnvi incc revenues 9 mil $

Stat ion revenues doTolls message do

Operating expenses (before taxes) doNet operating income doPhono^ in service end of vear or mo mil

Telegraph, cable, and radiotelegraph carriers:Wire-telegraph:

Operating revenues thous. $_.Operating expenses incl depreciation doNet operatin0" revenues do

Ocean-cable:Operating revenues doOperating expenses incl depreciation doNet operating revenues do

Radiotelegraph:Operatin? revenues doOperating expenses incl depreciation doNet operatin a revenues do

22184151

1,309

1 95909199

10183

1077596

793. 1669. 0

53 4630 5113.848. 837 1

3 147.03 1 . 40335,315

13. 89311,2862,607

5, 2061,080

9.1565

115

1691671088971

2,217

9g()4. 4SS

696. 5392. 6236 5418. 3116.665 0

21, 86419 4951,300

3,0142. 470

225

4,2243,324

747

19145121

1, 252

i 91877895

10471836192

765. 8644. 9

52. 1606 2114 844. 831 9

3 144. 53 1. 3743 5, 073

14, 07311,4112 662

5, 445823

9.2362

112

1741681119371

2, 323

2544. 192

740. 7414.4252. 0441.4126.667.6

22,14420, 0041 , 029

3,0232, 452

240

4,4713,443

866

14223114

1 174

9°899398

10471876092

825 4695 958 9

625 6125 274 659 7

15. 52112 4913 030

5 663907

9 6061

109

29920013810869

6, 438

4. 155

753. 8414.2264, 3447. 6128.066. 5

23,01320, 627

1,241

3. 0352, 465

247

4, 6523, 543

959

9S263141

r I 510

90899397

9668905891

774 7658 3

47 9600 51 1 3 460 841 5

149. 01 3705. 675

14, 54111 6862 855

5 021851

9 4765

111

22316614911252

2.818

3. 642

741 9416. 3250. 4441. 9124.866.8

22. 28819,9821,291

2, 9142, 521

58

4.4123. 496

744

36202111

1,341

94908899

10474925696

843. 3721.047.4

623 9129 8

89. 773 1

15,05612,0403,016

5, 283795

10.0471

111

16413712710040

1. 802

°5S4, 259

767 0424.3264. 8457. 3131. 467. 1

22, 58720 O'?0

1, 689

3. 1252,721

49

4, 6S13, 2091,258

24144103

1 214

959286

100

9772

1185796

799 6681. 1

47 2607 1121 0

71. 557 7

14.91312,0052 908

5. 233839

9.7263

109

1331101018638

874

2203,615

762. 9424. 4259. 3452. 3131. 567.3

21, 48319, 878

797

3,0832, 406

351

4,5313, 467

892

1785

1171 397

96909292

11664

1035797

770 8626 4

60 3614 9

99 557. 269 6

152. 81 3604. 943

13,75311,0452 708

5 900927

8.8149

111

128136999934

562

2694, 432

771.6428. 8264. 4459. 1134. 567. 6

22,41120,074

1,770

3, 1862, 113

723

4,7313,711

845

136288

1 079

94889993

11163

1005495

........

13,97111.4002 571

5 465865

9 0061

109

1391389771

4557

776. 9430. 8267 8461. 4131.167. 9

22, 09320, 106

598

3, 2762, 582

344

4,6323, 534

928

116296

1 142

079098

104

11064

1195398

12, 67910, 1612 518

5,290855

9.1763

114

145158866861

4 692

749. 544>6. 7244. 0439.2127. 968. 1

21,22018, 795

455

2,8932,517

69

4,3423, 361

810

1789

1251 494

979296

102

10573

1145297

22 295 721 953 6

M44 821 830 4

2 352 82112 6

2 66 o

148. 21 3544, 460

13, 91511 3502 565

6 200976

8.8763

123

1851751128693

4 764

2 7702 12, 873

790. 6432. 9278.3470. 6132. 168.4

22, 64920, 262

971

3,2202, 594

312

4,8213,6141, 005

1710097

1 251

96939398

10779835298

14, 04511 3292 716

6, 103832

9.6764

108

17018312195

1074 1, 357

783. 3435. 4267. 4458. 5135. 468. 6

21.98919,6141.013

2,8832, 463

96

4,4603, 536

739

1619494

1 244

949380

101

10370875195

........

13,39613 1433 253

6 057986

9.0064

125

178183129100125

4 1,981

796. 8438. 8278.0475.1134.568.9

23,01120, 762

861

3,1452,581

257

4,8083,699

919

13275116

1 480

90877195

9452875192

22 407 922 046 3

2 157 o21 883 1

2 371 92 152 9

154. 61 3525,037

5 684828

9 6463

116

204304130122114

4 4. 861

2 7072 1 1 , 694

791.1439. 7269. 1458. 8138. 369.0

22, 36620, 389

659

2,9022,444

161

4,7193,734

801

921285

1 102

90876994

8156844993

5. 495741

8 7554

107

854 7. 554

7s<;. 3436. 2208. 5461.8135. 169. 4

21, 25920, 854

d 828

2, 9502, 623

d 5

4, 6073, 697

726

12203

901 169

90927795

986?794791

5 167830

9 6060

106

72* 7. 669

27221110

1 486

88897494

9867754589

57

CHEMICALS AND ALLIED PRODUCTS

CHEMICALS

Inorganic chemicals, production:}Acetylene mil. cu ftAmmonia, synthetic anhydrous (commercial)

thous. sh. tons__Carbon dioxide, liquid, gas, and solid doChlorine gas do

Hvdrochloric acid (100% II Cl) doNitric acid (100% IINOs) doOxygen (high purity) mil cu ftPhosnhorie acid (100%, PsO.O thous. sh. tons _

1,012

401.5r 74.8386.4

80.8276.34,832175.8

r 968

432.9'76.0383.6

77.0281.5

r 6, 555187.1

938

417.2M02.4

394.7

83.3276. 6' 6, 964

175.0

939

399. 6'85.2349. 8

70. 6283.9

r 7, 173175.7

' 1, 101

425.5"-7S.8409. 5

83.0297. 5

r 7, 626195.6

'1,115

435.4r 69. 3411.4

86. 9298. 8

r 7, 667184. 9

" 1, 135

449.1r 65. 8420. 7

85.6306.2

r 8, 060183. 7

989

416.870.2

405.8

79.0296. 57, 360202.0

1.061

429.463.3

381. 9

78.9289.8

5 8, 255185.6

1,159

494.873.5

437.5

89.9300.99, 161212.2

1,102

508. 375.4

423.1

89.1292. 38,577209.4

1, 133

510.796.9

432.8

89.1305.98, 083232. 5

1,066

496.0100.6427.5

91.0277.97,782188.4

1,105

471.1r 105. 7r 438. 9

90.4278.0

'7,433177. 5

1, 089

463. 3107.9441.1

89.5299.78, 105195.5

r Revised. 1 Based on unadjusted data. 2 Quarterly total. ^Quarterly average.*EtYcot ivc Jan. 1962, data reflect redefinition of visits to one park: Jan. 1962 (new basis),62,600 visits; Jan. 1961 (old basis), 18,600 visits. 5 Beginning Feb. 1962, data include quan-tities for 14 plants not previously reporting. * Def ic i t .

cfData for Sept. and Dec. 1961 and Mar., June, and Sept. 1962 cover 5 weeks.tRevised effective with the Dec. 1961 SURVEY to incorporate the 1957-59 comparison

base period, as well as new weights and seasonal facto Monthly indexes for total loadin



1960 1961

Monthlyaverage

1961


1962

Jan. Feb. Mar. Apr. May!

June July Aug. Sept.

CHEMICALS AND ALLIED PRODUCTS—Continued

CHEMICALS— Continued

Inorganic chemicals, productionj— ContinuedSodium carbonate (soda ash), synthetic (58%

Na2O)__ _ _ thous. sh. tonsSodium bichromate and chromate doSodium hydroxide (100% NaOH) doSodium silicate (soluble silicate glass), anhydrous

thous. sh. tons_-Sodium sulfates (anhydrous, refined; Glauber's

salt: crude salt cake) thous. sh. tons—Sulfuric acid (100% HaS04) do

Organic chemicals :cfAcetic acid (synthetic and natural), production

mil.lb..Acetic anhydride, production _ _ doAcetylsalicylic acid (aspirin) , production do _

Alcohol, ethyl:Production mil proof galStocks, end of month doUsed for denaturation do

Alcohol, denatured:Production mil wine galConsumption (withdrawals) doStocks end of month do

Creosote oil, production mil. galDDT production mil IbEthyl acetate (85%), production do

Ethylene glycol, production doFormaldehyde (37% HCHO), production. .doGlycerin, refined, all grades:

Production doStocks, end of month do

Methanol , production:Natural _ mil. galSvnthetic do

Phthalic anhydride, production mil. Ib

FERTILIZERS

Consumption (10states)§ thous. sh. tons_.Exports, total 9 do

Nitrogenous materials doPhosphate materials _ _ doPotash materials do

Imports total° doNitrogenous materials, total 9 do

Nitra te of soda doPhosphate materials doPotash materials - - do

Potash deliveries (KjO) doSuperphosphate and other phosphatic fertilizers

(100% P2O5)'lProduction thous sh tonsStocks end of month _ _ do

MISCELLANEOUS PRODUCTS

Explosives (industrial), shipments:Black blasting powder thous IbHigh explosives do

Paints, varnish, and lacquer, factory shipments: fTotal shipments mil $

Trade products doIndustrial finishes do

Sulfur, native (Frasch) and recovered:!Production thous Ig tonsStocks (producers') end of month do

SYNTHETIC PLASTICS AND RESINMATERIALS

Production:©Cellulose acetate and mixed ester plastics:

Sheets rods and tubes mil. Ib

Nitrocellulose sheets, rods, and tubes do

Phenolic and other tar acid resins doPolystyrene do

'Alkyd rosins do

Polyester resins do

Miscellaneous (incl. protective coatings) _ _ .do

379.810.2

414.3

41.4

89.41,490.3

63.791.32.0

154.2'130.3

45.2i 5.3

24.224.3

4.4

7.713.78.9

108.1156.0

24 927.4

.224 733.4

278056243

43668

207105301236

181

223346

12882, 026

147.085.361.7

4763,826

4.27.6. 1

49.382.129.8

100.246.411.8

15.8111.330.4

376.410.1

408.2

43.9

95.31,487.3

'65.3' 105. 0

1.9

52.1' 139. 3

43.25.1

23.423.46.2

'7. 314.3'8.5

' 98. 6' 146. 0

22 434.3

. 1T 25. 6'31.7

279753931

42965

227123411336

173

228415

12782, 424

145. 8* 8fi. 5459.3

5194,098

4.87.5.1

49.083.529.3

100.532.19.8

13.6132.838.2

376.010.2

418.9

41.0

94.4'1,401.7

69.693.32.0

49.6142.341.55.0

22.924.2

5.1

10.314.74.6

99.3154.9

24.433.8

.125.533.3

255534

13447

57

15893371019

232

191447

29992, 792

169. 1102.266.9

5724,179

5.06.6.1

53.988.432.6

107.434.510.0

13.6134.040.3

369.19.9

370.0

43.0

97.61,390.7

65.0105.0

2.0

53.4140.937.65.5

20.319.06.4

8.113.77.7

87.7155.5

18.032.6

.122.831.6

362523

1842870

203124355

33

124

219435

10693, 769

153.490.962.5

4844,253

5.48.5.1

52.689.733.0

101.534.411.6

12.8121.837.4

408.111.6

443.8

54.6

97.41, 543.5

76.8104.7

2.4

66.3136.944.77.3

24.024.95.4

6.813.612.0

97.5165. 1

23.030.7

.128.130.0

420548

34452

52

260138351554

211

240447

19894, 844

149.085.763.3

5284, 255

5.48.6.1

57.298.137.6

116.837.210.3

15.2146.243.8

410.210.5

433.7

58.9

105. 21,556.9

74.0106.1

2.1

56. 4138.842.56.0

23. 523.05.9

7.413.012.8

95.2162.4

24.634.0

.128. 528.0

33054062

41157

216106329

57

104

236480

17785, 296

133. 673.859.8

5194,307

5.28.6.1

54.692.736.0

110. 934.412.5

15.5148.443.4

388.910.6

442.4

43.5

108.01,597.3

76.8117.3

2.3

55.3141.143.74.2

23.524.25.2

6.412.97.3

97.3156.6

24.038.4

.127.730.9

33(5605

47440100

15687261214

159

230519

14479, 679

109.758.451.3

5504,814

6.37.7. 1

52.595.932.2

108.531.09.3

13.3153.241.8

382.410.8

423.1

40.6

102.31,640.4

83.796.52.0

53.7145.943.94.3

23.723.65.4

6.110.39.6

91.3155. 8

20.935.2

. 126.428.7

68071

51189

261128501570

302

238527

11475,118

129.269.959.3

5164, 863

\ 12.8

« 58. 05 99.9539.2

113.337.0

15.9150.6

368.610.2

403.2

46.5

97.71, 535. 6

72.593.52.3

47.8148. 742.74.5

23.023.45.0

8.113.23.9

80.8157. 2

21.036.4

.125 525.6

541114347

76

25913137

73

117

220509

7276, 616

123.969.954.0

4764,890

12.3

53.292.838.9

113.935.4

15.5156.9

400.711.0

466.3

47.8

113.71, 725. 6

75.0106.4

2.5

53.3147.745.6

24.523.95.6

5.113.99.8

87.9163.5

21.235.2

.129 030.2

48652

35274

306157281857

232

249446

5381, 058

151.285.066.2

4914,830

15.6

59.8105.640.1

131. 343.6

17.9167.0

394.111.5

454.9

51.6

106.21, 675. 9

75.2102.2

2.1

52.1153. 140.8

21.721.45.7

8.612.17.3

88.8165. 3

21. 236.1

.127 933.7

684128464

76

397230

692459

365

248302

8391, 583

166.6100.765.9

4464,779

13.2

53.8105.538.8

122.442.8

18.7166.7

404.111. 1

464.3

55.1

106. 51, 692. 3

85.6105. 0

2.4

50.3151.444.6

24.024.85.0

8.014.57.9

98. 4172.2

18.833.7

.128 031.5

63598

40658

287186551410

258

255253

35101, 886

186.1112.373.8

4744,761

14.2

61.1113.241.9

130.647.0

'20.2170.9

400.410.8

459. 9

42.7

94.21,502.3

79.4107.4

2.0

50.4154. 142.7

22.923.94.1

7.713.412.4

103. 6164.1

21.135.4

. 126 533.3

54324

44447

19412S501310

60

204316

62100, 792

177.8107. 370.5

4674,751

14.2

'59.6107.3'41.5

' 131. 1'46.1

' 18.6170.6

368.310.8

467. 1

36.8

95.9'1,438.4

77.2101.5

1.8

49.3158.139.1

21.121.33.8

7.2' 16. 1

5.2

119. 1' 150. 2

17.832.3

.129.833.6

56310

42899

2293133

332422

123

'170382

163. 5103.360.2

4734,777

11.3

48.995.333.2

116.240.7

13.8172.7

390.49.6

469. 7

44.8

1,499.9

103. 92.3

8.115. 79.0

122. 0169. 0

21.130.8

28. 333. '2

69960

54782

19984901949

201415

177.6111.366.3

2 Based on data for 11 States; see note. .3 Beginning July 1962, excludes ammonium p

-^wMmvûwMo ^w iwâ^ ^.~..~ ^âraieiy;, polystyrene, u.u, men, etc., o.o.jSee similar note on p. S-24. d" Data (except for alcohol) are reported on the basis of

100% content of the specified material unless otherwise indicated.§ States represented are; North Carolina, South Carolina, Georgia, Florida, Alabama,

Tennessee, Arkansas, Louisiana, Texas, Oklahoma; also Virginia in the monthly averages.According to quarterly reports from Virginia, consumption in that State was as follows(thous. sh. tons): 1961—Jan.-Mar., 258; Apr .-June, 311; July-Sept., 75; Oct.-Dec., 97.

9 Includes data not shown separately. ^Revisions for 1960-Apr. 1961 for superphosphateand for Jan.-Mar. 1961 for paints, etc., will be shown later.

fRevised effective with the Jan. 1962 SURVEY to include recovered sulfur.©Beginning July 1961, data are not strictly comparable with those for earlier periods

because of the inclusion of companies formerly not reporting; monthly averages are based onreported annual totals.

S-20 SURVEY OF CTRKEXT BUSINESS (Vtolior 1!K>2


19GO 1961

.Monthlyaverage

1961

Aug. Sept. Oct . Nov. Dec. Jan. Fob. Mar. Apr.

1962

May Juno July | Aug. Sept.

ELECTRIC POWER AND GAS

ELECTRIC POWER

Production (utility and industrial), total Omil. kw.-hr...

Electric utilities total doBv fuels doBv \vaterpower do._ -

Privately and municipally owned util doOther producers (publiclv owned) do

Industrial establishments total doBv fuels ._ _.doBv waterpower do

Sales to ultimate customers, total (EEI)§ ..do ._-Commercial and industrial:

Small light and power do_ __Large light and power do

Railwavs and railroads doResidential or domestic do_ _-Street and highway lighting doOther public authorities _ doInterdepartmental do

Revenue from sales to ultimate customers (EdisonElectric Institute) § - mil. $..

GAS

Manufactured and mixed gas (quarterly) :f.cfCustomers end of Quarter total 9 thous--

RcQidential doIndustrial and commercial - do

Silos to consumers total 9 mil therms- -Residential doIndustrial and commercial do

Revenue from sales to consumers, total 9mil. $~

Residential doIndustrial and commercial do

Natural gas (quarterly): to*Customers end of quarter total 9 thous--

Residential doIndustrial and commercial do

Salp^ to consumers total 9 mil thermsResidential doIndustrial and commercial do

Revenue from sales to consumers total 9 mil $Residential doIndustrial and commercial do

70, 13562. 77950, 65312. 126

51,29411,486

7. 3567, 055

301

56, 933

9, 56728, 733

39816, 367

5101,304

959. 6

2,3742,218' 155

' 568403

' 162

••74.457.2

r 16 9

30, 55428, 0872 430

22 6367 558

13, 907

1 ,326 6734 9553 8

73,21165, 99853, 34812, 650

53, 62412, 374

7,2136,932

281

1 60, 061

i 11,2391 28,952

39017,418

5641,3702 128

U,014.1

' 2, 071r 1 . 937

r 133r 563r 401' 158

' 70. 7' 54. 4r 15 9

'31,661'29,093

r 2, 533r23 397

r 7 894r 14, 272rl,424.7

T 787 8' 595 1

78, 96571, 48658, 37813,108

58, 06913,417

7,4797,224

255

62, 973

12, 94830, 392

36017 268

4841,369

1,59

1,055.3

74, 46667, 29755. 36611,931

54, 84912,449

7, 1696, 946

223

63, 138

12, 936' 30, 175

35617,566

5561,396

153

1,065.6

r'2 014r 1 , 887

r V2(\

r 273r 150r 12'2

r37. 0r 25. 5

11 4

P31, 424'28,933

r 2, 456r!6 850' 2 672

r 13, 129r875 6r 357 3r 484 6

74.47166.84855, 37311,475

54, 40812.441

7, 6237,377

246

61, 309

11,80430, 197

36816 796

6071,395

140

1,033 4

74, 22266 66954, 80611,863

54,08012, 590

7 5527, 285

267

60, 306

11,234r 29, 563

38516 913

6491 , 432

130

1 013 9

78, 41970. 87857, 14713,731

57. 40713,471

7, 5417, 246

295

' 62, 293

11,27029, 627

44318,712

r 6821,437

122

1,043.4

r 2 062r 1 930

'131

"• 520r .%4r 152

r 65. 3' 49. 8r If 1

'32,294'29,636' 2, 621

'i;)3 976r 7 781

'14,858

'1,454.7' 784 8' 625 1

80,91373,12358,82314,301

59, 43713, 687

7,7907,479

311

65, 428

11.27630, 156

45521,213

7411 . 468

lÔ

1,091.7

72, 04764, 77751, 43513, 342

52, 73312, 044

7 2706, 982

288

63, 520

11, 11129, 230

42520 495

6201 , 529

109

1,073. 6

78, 64670. 71954,56216,157

56, 72513, 994

7,9277, 604

323

64, 151

11,21430, 736

43319, 616

6201, 461

71

1.071.7

2. 0731 940

133

964748908

114.091. 5•>1 8

32,30129.634

9 . 630

33 53415 70516 358

2.266.11 432 7

783 5

73, 52865, 87349, 87316. 001

53, 10312 770

7, 6547.318

336

62.143

10, 95830, 384

39118 308

5741 , 443

84

1,041. 6

78,07170. 24155. 02015.221

57. 05313 188

7 8297, 507

322

62, 216

11.27331,443

3631 7. 006

5401,489

103

1 . 040. 5

77.81970. 1 6456. 39713, 767

57, 26012, 904

7, 6557,373

282

64, 056

12. 47531. 527

35517,513

5151,564

106

1,079.7

2, 0561 924

131

484324158

60. 945 715 0

32 19929, 606

2 556

22 5576 85214 6

1 362 6720 7606 3

80, 32272, 93359, 47913, 453

59, 28113, 651

7 3907,143

247

65, 184

13 10231, 197

35018 364

5241 , 528

11Q

1 102 6

84. 09376. 43963. 22613. 213

62. 42414 015

7 6547,405

249

EOOD AND KINDRED PRODUCTS; TOBACCO

ALCOHOLIC BEVERAGES

Beer:Production --_ - . ...mil. bbL.Taxable withdrawals doStocks end of month do

Distilled spirits (total) :Production mil. tax gaL-Consumption, apparent, for beverage purposes

mil. wine gal_.Taxable withdrawals mil. tax gal -Stocks, end of month doImports _ _ . _ mil. proof gal. -

Whisky:Production mil. tax gal--Taxable withdrawals doStocks end of month doImports _ _ mil. proof gal- -

Rectified spirits and wines, production, totalmil. proof gal. -

Whisky _ . do -Wines and distilling materials:

Effervescent wines:Production mil. wine gal--Taxable withdrawals doStocks, end of month doImports do

Still wines:Production doTaxable withdrawals ..doStocks, end of month doImports - do

Distilling materials produced at wineries. ..do

7.787 33

10 37

3 13. 27

19.563 9.90

3 835. 023.10

12.416.84

806. 442.75

6. 975.39

.33

.282.45.08

13 8212.44

176. 11.82

27.57

7.927.42

10 61

15. 06

20. 1210.04

859. 633.26

11.857.08

835 992.87

7.055. 32

.34

.312.64

081 14 001 12. 98175. 86

93

27.61

9.419.16

11.13

10. 11

18.9310. 03

859. 462.98

7.396.75

837. 522.63

6.895. 10

.35

.262.95

06

5 0012.93

123. 4590

14.31

7.407.62

10 47

13.12

18.8010. 52

859. 433.74

9.357.56

837. 073.30

7.555.83

.25

.312.87

08

50 2613.14

163. 921 00

112.99

7.336.99

10 37

19.25

22.5814.34

864. 324.69

13.9210.93

840. 544. 12

10.488.21

.26

.472.61

. 13

81 8116.28

230. 551 20

143. 95

6. 526. 609.87

19.53

25.3512.41

868. 395. 35

15.739.39

844. 234.75

8.746.71

.32

.552.35.17

10.4514.47

220. 131.38

35. 56

6.436. 489 42

16.43

28. 328. 08

874. 593.82

13.585.79

850. 133.35

6.024. 49

.38

.492.20

12

4 6013.53

209. 501 00

11.92

6.996.139.86

15.88

16.918.58

879. 712. 75

13.436.02

855. 922.46

5.884.08

.33

.272.23

.05

3.2812.22

194.331 00

9.68

6. 426. 75

10. 16

15. 32

1 7. 078.65

883. 952. 76

12. 766.35

860. 192.41

5.874.49

.50

.202.51.05

2.7011.11

187. 44.88

4. 08

8.307.33

10.66

15.41

20. 6310.41

886. 453.07

12.107.30

862. 662.71

7.385.59

.42

.252.67

06

2.5314.33

172. 671 03

1.43

8.357. 46

11 07

13. 16

18.629.38

885.903.07

10. 286.44

862. 362.70

6.214.48

.35

.222.76

.07

2 1512. 10

164. 411 06

1.70

9.769.06

11.20

15.94

21.1410. 86

890. 663.55

12.137.03

867. 513.09

7.545.44

.49

.302.93

08

2 6711.93

150. 961 31

1.58

9.969. 19

11 39

12.69

20.4010.66

890. 082.92

8.836.54

867 552.55

7.215 27

.46

.263. 10

05

1 6711.72

141.8788

2.56

9.909 22

11 49

6 43

18. 678 29

886. 812 90

3.425.02

864 492 57

5.624 12

.16

.193 06

06

1 079 16

131. 7678

1.47

3 28

2 88

06

92

r Revised.1 Revisions for 1961: Jan.—total, 59,894; large light, etc., 27,730; revenue, 1,016.9. May-

small light, etc., 10,423; large light, etc., 29,034.2 Beginning Mar. 1961, data include sales not previously reported.3 Average for July-Dec.©Revisions for Jan .-Nov. 1960 are available upon request.

§ Includes data for Alaska and Hawaii.t Revised data for 1st and 2d qtr. of 1961 will be shown later. Data for manufactured and

mixed gas include Hawaii beginning 1960; for natural gas, Alaska beginning 1961.cTThe 1960 and 1961 averages shown for gas are quarterly averages.9 Includes data not shown separately.

SUKVEY OF CURRENT BUSINESS S-27

Unless otherwise stated, statistics through 196019fiO

and descrintive notes are shown in the 1961 A T « r

1961

edition of BUSINESS STATISTICS average

1961

Aug. Sept, Oct . Nov. I )oc.

1962

Jan. Feb. Mar. Apr. May .Tune July Aug. Sept.

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued

DAIRY PRODUCTS

Butter, creamery:Production (factory) J mil IbStocks, cold storage, end of month doPrice, wholesale, 92-score (N.Y.) .. $ per Ib .

Cheese:Production (factory) totalf mil Ib

American, whole in ilk J __do

Stocks, cold storage, end of month, total do\merican, whole milk do__

Imports _. do_. _Price, wholesale, American, single daisies (Chi-

cago) _- $ per IbCondensed and evaporated milk:

Production, case goods:tCondensed (sweetened) mil IbEvaporated (unsweetened) do

Stocks, manufacturers', case goods, end of mo.:Condensed (sweetened) mil. Ib"Evaporated (unsweetened) _ do _

Exports:

E vapora ted (unsweetened) doPrice, manufacturers' average selling:

Evaporated (unsweetened) $ per case--Fluid milk:

Production on farms. _ _ mil. Ib .rtilb.ntion in mfd. dairy products d" doPrice wholesale U S average $ per 100 Ib

Dry milk:Production^

Drv whole milk mil IbNonfat dry milk (human food) _ do

Stocks, manufacturers', end of month:Drv whole milk _ doNonfat dry milk (human food) do_..

Exports:

Nonfat drv milk (human food) doPrice, manufacturers' average selling, nonfat dry

milk (human food) $ per IbGRAIN AND GRAIN PRODUCTS

Exports (barley, corn, oats, rye, wheat) -.-mil. bu._

Barley:Production (crop estimate) do

Stocks (domestic) end of quarter total doOn farms. doOff farms do

Exports including malt§ _. doPrices, wholesale (Minneapolis):

No 2 malting $ per buNo. 3, straight do

Corn:Production (crop estimate, grain only) mil. bufJrindings, wet process ' do

Stocks (domestic), end of quarter, totalmil bu

O n farms _ _ d oOff farms do

Exports, including meal and flour do ...Prices, wholesale:

No. 3, yellow (Chicago) $ per bu._Weighted avg., 5 markets, all grades - do.

Oats:Production (crop estimate) mil bu

Stocks (domestic), end of quarter total doOn farms _ doOff farms - - - do

Exports including oatmeal doPrice, wholesale, No. 3, white (Chicago)

$perbu__

Rice:Production (crop estimate) . mil bags 9California mills:

Receipts; domestic, rough.. .mil. l b _ _Shipments from mills, milled rice doStocks, rough and cleaned (cleaned basis), end

of month rnil IbSouthern States mills (Ark., La., Term., Tex.):

Receipts, rough, from producers mil. lb._Shipments from mills, milled rice .__ doStocks, domestic, rough and cleaned (cleaned

basis), end of month millb..Exports doPrice, wholesale, Nato, No. 2 (N.0.)..._ $ per lb._

Rye:Production (crop estimate) mil. bu_.Stocks (domestic), end of quarter, total doPrice, wholesale, No. 2 (Minneapolis) . _ _ $ per bu..

114.4106. 5. 599

123.283.0

316.8277.3

5.3

.414

5.7181.4

5.5235. 9

3 58.4

6.34

10, 2343,9694.21

8 2151.6

6.4121. 5

9 316. 6

.137

78.0

i 431 3

3311.13 166. 83 144. 3

7.8

1.141.06

i 3, 90812.8

3 3, 09031,7093 1,381

18.6

1.131.07

» 1, 155;j 6723 595

3 77

2.95.71

1 54.6

10062

100

338231

845163

.081

!33.1321.6

1.13

123.7181.5.612

135. 995.4

429.8379. 5

6.3

.409

5.8176. 5

6.0243. 6

3 97.6

6.30

10, 4554. 2674.22

6.8167. 8

6.4136. 6

1 521.0

. 154

90. 5

i 393. 4

s 291. 83 154. 03 137. 8

5.4

1.311.23

i 3, 62413. 1

3 3, 2463 1,7843 1,463

24. 5

1.111.06

i 1,0133 6573576381

1.7

5 .67

i 53.6

11071

104

317209

826148

5.086

127.3320.9« 1. 20 1

108 1256. 5.614

134 498.0

511.0448.4

5.8

.410

5 9188.4

6.9367. 2

3 510.5

6. 29

10. 2703, 954

4. 17

6 5143.9

6 6153. 6

2 027.3

.160

78.4

2.2

1.431.35

14.6

23.4

1.121.08

.6

.68

12970

97

158102

25857

.085

1.21

94 8238.4

.614

119 384.0

501. 2442.2

6.0

.413

5 3157. 4

6.7364. 5

3 44.5

6. 29

9. 6213.4564.38

5.5119.1

5. 7134.8

1 328.1

. 159

81.4

433. 8242. 5191.4

4.2

1.471.40

13.4

4 2, 0084 580

4 1, 42824.5

1.101.06

972859113

4.2

.68

7868

80

769154

62051

.084

29.71.24

110 1230.7.613

120 380.3

490.5432 6

6. 0

.415

6 0138 1

6 8336. 2

2 75. 1

6.29

9. 6723,759

4 47

7 7134.9

5.5127.8

1 119.0

.161

99.6

3.3

1.481.42

14.1

23.8

1.091.06

1 6

.67

19169

135

1,565240

1,41198

.089

1.30

109 9223.7

611

111 171.6

470.6421 5

8. 1

414

5 '?117 2

5 4282 6

4 43.7

6. 29

9.2193, 625

4 55

7 6136 3

6 0116.9

fj29. 9

. 160

104. 1

6 0

1 461.40

13.6

32.3

1.101.09

1 0

.71

10095

102

486253

1,485139

. 090

1.32

126 1224.8. 61 1

120 677. 1

472.9419 9

6.9

.410

5 4125 6

5 6225. 1

3 92.6

6. 29

9, 7724, 064

4 45

7 3169. 4

7.3132. 5

] ]12.3

. 162

100. 5

333. 7179. 4154. 3

5.3

1.431.37

11.9

4, 4953,0221 47334.3

1.081.08

77569580

3

(6)

16978

126

242285

1,378255

.093

19.31.31

144 2239. 0

610

117 277.6

456. 8405 9

5 9

410

5 9117 7

4 6162 6

3 05.6

6. 29

10,1184. 415

4 39

8 0184 5

8.2126.7

821. 5

. 162

85.1

5 3

1 471.42

13.2

35.6

1.081.04

2

.70

182109

133

169264

1,237280

.095

1.31

133 0260. 0.610

111 474.1

432. 8382 8

5.9

.410

5 6118 2

4 0106.3

3 910.9

6.29

9, 6294.109

4 29

5 6177.4

7. 7131.0

$18.7

. 161

116.0

9.9

1.411.35

12.7

43.3

1.071.01

2

.65

229172

107

228296

1,102186

.098

f.29

150 3303. 1.609

127 185.6

417.2367. 8

6.0

.402

4 4149 4

4.366.1

4 24.6

6.28

11,1014, 684

4 16

6 4203.8

6. 1128.4

440. 5

.161

103.6

215 798.0

117 88.5

1.391.33

14.7

3,3862 1491 23637.3

1.111.06

49543263

2

.70

167110

119

100282

905238

.098

14.61.25

147 5345. 4. 586

139 198.6

441. 0390. 8

6.4

. 394

5 2177.3

6.296. 9

42.4

6.16

11, 3404. 8093.88

7 5214. 3

6. 6128. 3

1 518.9

.147

101. 3

9.2

1.341.28

14.9

36.3

1.121.08

2

.72

121110

92

54222

732231

.098

1.25

166 7386. 9

. 586

167 5126. 4

460. I416 2

7. 8

.392

8 3225. 5

6.2162.4

4 72.5

6.07

12. 5335. 6093 76

9 7253. 0

7.4155.7

1 025.2

.142

128.3

16.5

1.261.21

14.8

42.1

1.151.11

4 6

.73

10068

90

25212

550223

.098

1.2l 1

152 6429. 4.584

168 0126.5

495. 4452. 9

6.1

.392

6 8215. 0

3.7218.6

5 96.3

6.03

'12,0035, 2753 71

7 7236. 5

7.7168.7

2 231.6

. 142

110.9

4 122 44 47. 64 74 8

10.2

1.221.18

14.8

2, 4871, 551

93639.4

1.141.11

4 276^229

4 48

6 4

.69

7380

56

30187

391183

.098

4 7 91.24 1

122 4469. 0.588

145 5107.3

526. 6483.8

4.5

392

7 9188 5

4.3256. 9

4 05.4

6. 02

10,9774, 3493 86

4 7182. 1

7.6142. 1

fi?,(). 0

. 142

86.2

4.7

1.191.14

14.2

33.4

1.121.10

2 2

.65

7437

67

22207

208145

r .096

1.16

104. 3456. 8

. f 90

131 093.8

521.24^1.0

r>. 1

.392

6 7171.5

4.8271.3

4 ]6.1

6. 03

10,2443, 797

4 03

148. 4

6. 1118.0

I ()20. 9

.142

90.3

5.3

1 161.09

15.7

32.8

1.101.07

5 1

.64

6853

45

437179

32186

P . 087

1.14

{) 683

fi 4 9'$

2 430 ^

1 131.07

2 3 .512

1. 111 09

2 1 , 028

. 67

263 7

2 38 l)

1. 17r Revised. * Preliminary.1 Crop estimate for the year. 2 Oct. 1 estimate of the 1962 crop. 3 Quarterly average.4 Old crop only; new crop not reported until beginning of new crop year (July for barley,

oats, rye, and wrheat; Oct. for corn). 5 Average based on months for which quotations areavailable. • No quotation.

{Revisions for 1960 appear in the Oct. 1961 SURVEY; those for Jan.-May 1961 are availableupon request.

cf Revisions for Jan. 1955-Sept. 1960 are available upon request.§Excludes a small amount of pearl barley.9 Bags of 100 Ib.

S-28 SURVEY OF CURE EXT BUSINESS October 1062


I960 1961

Monthlyaverage

1961

Aug. Sept. Oct. Nov.

FOOD AND KINDRED PRODUCTS

Dec.

1962

Jan. F

; TOBACCO

•».b. Mar. Apr. May June July Aug. Sept.

—Continued

GRAIN AND GRAIN PRODUCTS— Con.

Wheat:Production (crop estimate) total mil bu

w / "h f" ~ " doDistribution (ouarterlv total) do

Stocks (domestic) end of Quarter total do

XfT f do

Exports total including flour doWheat only __do

Prices, wholesale:No 1, dark northern spring (Minneapolis)

$ per b u _ _No 2 hard winter (Kansas City) doNo' 2' red winter (St Louis) do _Weighted avg 6 markets, all grades.. do

Wheat flonr:Production:

Flour -- thous. sacks (100 Ib.) .Operations percent of capacityOffal thous. sh tons..

Grin ding's of wheat thous buStocks held by mills, end of quarter

thous. sacks (100 lb.)_.Exports - - -do_ _.Prices, wholesale:

Spring, standard patents (Minneapolis)$ per 100 Ib

Winter, hard, 95% patents ("Kans. City). .do

LIVESTOCK

Cattle and calves:Slaughter (federally inspected) :

Calves thous. animals..Oatt.le.V.""."- do....

Receipts (salable) at 25 public markets? doShipments, feeder, to 8 corn-belt States doPrices, whole-snip;

"Rppf sfpprs (Chicago) $perl001b_.Steers, stoe>er and feeder (Kansas City)._doCalves, vealers (Natl. Stockyards, Hl.)_--do. . -

I Too-s:Slaughter (federally inspected) ___thous . animals..Receipts (salable) at 25 public marketst do._.Prioos:

Wholesale, average, all grades (Chicago)$ p o r l O O l b _ .

TTog-corn price ratio (bu. of corn equal in valueto 100 Ib live hog) __ . _ -- -

Sheep and lambs:Slaughter (federally inspected).. .thous. animals-.Receipts ('salable) at 25 public marketsf do. ...Shipments, feeder, to 8 corn-belt States doPrices, wholesale:

Lambs average (Chicago) $ per 100 Ib .Lambs, feeder, good and choice (Omaha) .do . _ _

MEATS

Total meats:Production (carcass weight, leaf lard in) , inspected

slaughter mil. IbStocks (excluding lard), cold storage, end of

month - ... mil. lb."Export** (including lard) „ _ doImports (excluding lard) do

Beef and veal:Production inspected slaughter doStocks cold storage end of month doExports doImports -. ..doPrice, wholesale, beef, fresh, steer carcasses, choice

(600-700 Ibs.) (New York) $per lb.Lamb and mutton:

Production inspected slaughter mil IbStocks cold st^raee, end of month do

Pork (includinglard), production, inspected slaugh-ter . _._ __ - mil. l b _ _

Pork (excluding lard):Production inspected slaughter doStocks cold storage, end of month. _ _ do -Exports _ _ _ . _ _ . .do. _ .Imports doPrices, wholesale:

I Tams, smoked, composite $ per lb_.Fresh loins, 8-12 Ib. average (New York). do

Lard:Production, inspected slaughter mil. IbStocks, drv and cold storage, end of mo. _ do. -Export* doPrice, wholesale, refined (Chicago) $ per lb._

1 1.357!247

'1,1113293

31 ,8223 318

3 1, 504

48.242.2

2.212.02

51.952.17

21,26292.4402

48, 5603 4, 443

2,613

5. 3224.992

4381, 616

506

25. 9322! 9328.46

5,513

15. 50

15.3

1,170

291

19.2018. 26

2, 000

5258763

1 , 005. 4173.4

2.440.9

.451

55. 612.2

1,005.3

762. 4271.1

5.814.3

.472

.471

177.3r 119.0

51.7.125

i 1, 235i 158

i 1, 0763332

31,8543305

31, 549

58.252.4

2.282.04

5 1.972.25

21, 69393.3405

49, 333

34,7032,511

5.5205. 166

4171, 664

528

24. 4623. 3(30. 17

5. 4691, 580

16. 71

16. 6

1,25355;253

17.0714. 99

2,116

460

80

1,051.0175.5

2.555.4

.427

59.619.9

1, 005. 0

763. 1203 4

5.714.5

.471

.479

176. 5120.834.9.133

52.146.1

2.302.041.972.34

23,81094.7451

54,454

2,628

5.6255.334

4211,803

465

24.0122. 9428. 00

5,1141, 485

17.19

16.6

1.290595367

17 7514.01

2,117

390

104

1,130.0175. 5

2.483.5

.410

57.623.0

929.6

710.7136.9

5.213. 2

. 466

.488

159. 0114.122. 1.125

331

2, 316466

1,850

48.144.5

2.382.071.942.41

21,11296. 5398

48,118

4, 7511,536

5.6605. 333

4561,7121, 252

720

24.2122. 6128. 50

5. 2401,451

17. 69

16. 8

1 , 2S6T.89

630

16. 6214. 66

2, 063

3816280

! , 072. 1178.8

2.857.7

.410

57.721.0

933.3

713.7128.3

5.813.3

.464

.497

160. 199. 521.8.130

70.264.8

2.402.081.872.36

23,06395.8431

52,480

2,344

5. 6655.317

5111,817

1,300

24.47

30. 50

6, 2231, 802

16. 79

16. 3

1, 412726557

16.2514.20

2,314

3979389

1, 136.1182. 7

2.463.2

.419

64. 219.7

1, 113. 7

850.7136. 4

5.616.6

.462

. 506

191.790.434.4.123

63.258.1

2. 422.12(6)2.40

22, 933100.0

43052, 250

2,176

5. 6505. 300

4691 , 0831,329

983

25. 4423. 0330. 50

6. 3271,830

15.94

16.7

1,213551224

1 6. 0013. 95

2, 269

48611497

1 , 049. 3212.2

2 669. 9

.428

56. 918.4

1,162.4

890.0193. 0

6.516.8

.483

.467

197. 589.364.5.124

335

1,982359

1,623

60.054.6

2.442.14(6)2.42

22,014100.6

41350,108

4,9732,345

5. 6385. 267

4161, 5891, 070

447

25. 8423. 0632. 00

5, 7381, 623

16.32

17.0

1,12449Q

127

16.2513.72

2,120

4855878

999. 3211.4

2.152.7

.441

53.817.6

1,067.3

815. 8200.0

5. 515.8

.504

.452

183. 8110.113.6.118

43.736.8

2.462.091.992.37

23, 51597.7440

53, 532

3,012

5. 6255. 267

4541,7811, 326

368

25. 9022.8035. 50

6. 0981, 838

16. 66

17.4

1, 375577205

16. 8813. 72

2,312

4827499

1,117.4193. 6

2.464.8

.450

67.716.3

1,127.3

872. 1209.1

4.517.4

.499

.484

186.8101.640.4. 120

62.446.3

2.452.112.052.40

21, 73899.5405

49, 417

7,003

5. 6505.267

3621 , 468

968279

26. 0423. 1633. 50

5,3121,498

16.24

17.1

1,177441127

17. 5014. 85

1 , 953

4977172

927.6177.6

1.949.3

.449

58.916.1

966.0

739. 2235. 5

3.814.6

7.490.469

165. 0103.438.0.125

342

1,641211

1 430

57. 549.2

2.442.12(6)2.39

23, 16595.1430

52, 606

4,8773,647

5. 6885. 350

4611,6491,013

334

26. 6524. 5635. 50

6, 2251, 623

15.97

16.5

1,227445131

17.3815.38

2, 233

55273

136

1,038.7180.6

1.997.4

.455

61.018.3

1, 132. 8

877.7279.7

4.319.2

.495

.450

185.3104.533.6.128

55.449.2

2.462.13(6)2.41

20, 42187.8378

46, 225

2,704

5.7755.483

3831.5221, 130

421

26.8025. 1 130. 00

5. 6721,680

15.66

15.6

1,173467100

17. 6215. 30

2, 068

5798291

960. 5170.9

2.061.4

.452

57.418.5

1,049.7

808.1315.9

4.616.2

.488

.429

176.0109.242.4.120

63.857.2

2.502.17(6)2.43

21, 03586.4396

48, 021

2,896

5. 9005. 633

3981 . 7661. 134

432

25 6224^1829.00

5 8001,722

15. 25

14.9

1,197527189

21.75(fi)

2. 261

58586

'80

1,110.1148.7- 2 . 451.4

.444

56.417.9

1,094.1

838. 5338.5

5.219.1

.465

.425

186.1123.324.8.123

339

* 1 3044 l()9

4 1 9Q2

53. 348.1

2.502.192.122.33

20,12586.9375

45, 677

4 2752,290

5. 9385. 683

3421,718

997270

24.9123. 2328. 00

5. 0411,498

16.23

15.6

1,062411183

23, 50« 16.00

2, 087

51211998

1,075.3129.6

2.669.1

.440

48.014.7

963.3

731.4295.1

7.317.8

.467

.463

168.8103. 550.5.120

43.337.7

2.522.222.132.32

20, 33488.2378

46, 130

2,428

••6.113'5.817

3671, 7651.167

259

26. 1223. 75

T Oy 0Q

4. 6991,424

17.24

16.2

1,170470151

21.75« 16. 00

2, 025

4448199

1,081.4128.1

1.973.2

.443

53.211.8

890.1

680.5233. 6

6.316.4

.470.503

153. 3r 96. 7

38.2.120

46.040.6

2.422.252.072.39

23, 20791.9433

52, 865

2,334

p6. 178p 5. 930

4341,8701, 288

592

27 8823. 91

P 27. 51

5, 2141, 507

17.68

17.1

1, 254528293

20. 50« 16. 40

2. 135

38971

145

1. 120. 8137.1

2.4113.3

.478

56.811.4

957.8

740. 5177.6

5.416.4

P. 493.520

158. 277.334.5

p . 125

2 1, 09522802 815

2.442.23(6)2.45

1. 152

29.6325. 21

~1~280~

18.46

17.5

589

19. 50« 16.56

.502

. 552

T Revised. p Preliminary.1 Crop estimate for the year. 2 Oct. 1 estimate of 1962 crop. 3 Quarterly average.* Old crop only; new grain not reported until beginning of new crop year (July for wheat).

5 Average based on months for which quotations are available. 6 No quotation.7 Beginning Feb. 1962, prices not strictly comparable with those for earlier periods.jRevised series. ° Choice only.

October I!)(i2 SURVEY OF CURRENT BUSINESS S-29


1960 1961

Month lyaverage

1961


1962


FOOD AND KINDRED PRODUCTS; TOBACCO—Contmued

POULTRY AND EGGSPoultry:

Slaughter (commercial production)! mil. lb__Stocks, cold storage (frozen), end of month

do_.._Turkevs „ _ _ do

Price, in Georgia producing area, live broilers$ per lb__

Eggs:Production on farms mil casesOStocks, cold storage, end of month:

Shell thous casesOFrozen mil Ib

Price, wholesale, extras, large (delivered; Chicago)$ per doz__

MISCELLANEOUS FOOD PRODUCTS

Cocoa (cacao) beans:Imports (incl. shells) thous. Ig. tons__Price, wholesale, Accra (New York) $ per lb__

CofFee (green):Inventories (roasters', importers', dealers'), end

of quarter thous. bagscf..Roastings (green weight), quarterly total do

Imports doFrom Brazil do

Price, wholesale, Santos, No. 4 (New York)$per lb ._

Confectionery, manufacturers' sales ___ mil. $

Fish:Stocks, cold storage, end of month mil. l b _ _

Sugar:Cuban stocks, raw, end of month

thous Spanish tonsUnited States:

Deliveries and supply (rawr basis):Production and receipts:

Production thous sh tonsEntries from off shore total 9 do

Hawaii and Puerto Rico do

Deliveries, total. _ _ _ _ _ _ d o _ _ _For domestic consumption doFor export and livestock feed do

Stocks, raw and refined, end of month .doExports c;h ton*}Imports-

Raw sugar, total 9 thous. sh. tonsFrom Philippine Islands _ do

Refined sugar, total _ do. _ _

Prices (New York) :Raw, wholesale $ nerlb..Refined:

Retail § $per51bWholesale (excl. excise tax) $ per l b _ _

Toa, imports thous Ib

Baking or frying fats (incl. shortening):Production mil Ib

mil. lb_.Salad or cooking oils:

Production doStocks (producers' and warehouse), end of month

mil. l b _ _Margarine:

Production _ _ doStocks (producers' and warehouse), end of month

mil. lb__Price, wholesale (colored; mfr. to wholesaler or

large retailer' delivered) $ per Ib

FATS, OILS, AND RELATED PRODUCTS

Animal and fish fats: ATallow, edible:

Production (quantities rendered) mil. lb_.Consumption in end products doStocks (factory and warehouse), end of month

mil. lb-Tallow and grease (except wool), inedible:

Production (quantities rendered) do_.Consumntion in end products _ .do _ _ _Stocks (factory and warehouse), end of month

mil. lb_.Fish and marine mammal oils:

Production _ _ _ do__Consumption in end products doStocks (factory and warehouse), end of month

mil. lb-r Revised. v Preliminary.1 Quarterly average. 2 Data from July 1960 for

quota purchase charges. Revisions for July 1960-Ji449; 347; 770; 766; 638; 610.

t Re visions for Jan.-Aug. 1960 are shown in the Oct

512

249135

.162

14.2

474111

.372

20.5. 286

i 3, 1 08i 5, 474

1, 838770

.360100

191

2,640

256- 2 562

145

778772

61,750

401

3548836

.063

. 553

.087

9, 598

192.8

114.9

159.6

53. 6

141.3

35.4

29.424.6

25.2

276.1152. 7

319.3

17.49.0

93.4

ward reldy 1961;

. 1961 Su

593

322192

.132

r 14. 3

16281

.355

28. 5.227

1 3, 0341 5,573

1, 866719

. 363103

184

3,142

265'528

169

808801

71.716

510

33810614

.063

.570

.087

9,111

204.6

116.9

175.3

154.0

143. 6

38.3

.268

35.931.4

26.8

296.2144.8

r 369. 4

20.89.3

123.4

lect revi428; 644;

RVEY.

725

318189

.120

13.6

280108

.366

30.5.213

1,776776

.36589

199

3,725

93-748

242

1,003992

111,131

592

39414531

.060

.573

.087

8,914

220.6

107.3

175.9

142. 7

130.5

35.6

.270

39.638.7

29. 7

318.4152.2

«-379.3

49.18.9

161.4

sions to500; 382

734

416270

.111

'13.1

225100

. 399

16. 6.215

3. 21 15, 163

1,864809

. 353138

204

3, 225

105"•468

183

917911

6885

1,124

316956

.061

. 561

.086

8, 136

203.6

111.4

164.1

137. 6

146. 8

39.4

.270

34.733.5

25.2

290.3146.5

' 389. 3

24.28.2

179.7

include262; 20C

827

550382

.113

13. 6

14586

.393

10.3. 226

1,934797

.340140

207

2,725

697-440

82

799790

91,261

566

3589716

.062

.567

.084

10, 644

233. 4

112.8

174.5

152.0

157. 3

40.2

.270

36.033.3

23.9

306. 3149.0

r 401. 0

14.38.3

176.4

non-; 675;

736

489318

.118

13. 6

8370

.357

6.2.245

1,608577

.341131

207

1,245

903'246

53

815805

91,708

356

32547

.062

. 555

.084

10, 769

235.5

119. 3

180.8

173.6

147.0

40.6

.270

40.037.6

20.9

319.7155. 6

* 397. 8

10.28.7

159. 0

oc9Ir

JerseyAF« R

523

432263

.148

14.3

3961

. 335

11.1.265

2,8155, 882

2 1411, 059

.341106

197

1,262

r 760r 184

60

' 755'750

52,195

443

3199514

.064r. 564.086

8, 659

222.4

122.9

187.9

199. 9

147.8

32.8

.270

35.526.1

24.7

293.9147. 5

r 408. 5

11.28.3

132.9

ases of 30icludes d

or data o3visions,

478

405251

. 155

14.7

2949

. 356

30.3.225

2. 2951,017

.345109

179

843

324r 538

67

625618

72, 156

234

2305619

.065

.565

.086

11,202

221.3

125.0

181.2

215.6

159.8

38.3

.270

37.529.6

25.9

313.6155.8

410.1

. 78.3

125.6

dozen,ata not

n lard, scJan.-Jul

388

340219

.156

13.7

3840

.330

22.3.195

2,312862

.345104

154

1,248

93-473

139

603596

81,974

202

1853319

.064

.573

.088

9,378

214.5

130.3

195.1

206.9

140.6

37.7

.270

39.336.0

25.0

292.1138.6

393.1

.47.9

114.7

d"Bagshown se

e p. S-28y 1961: 34

456

293191

.154

15.9

5648

.310

25.1.213

3, 0296 088

1, 836683

. 315110

123

1,968

47-600r205

848841

81, 735

134

326738

. 064

.574

.088

10, 800

214.4

142.7

235.8

223. 5

142. 9

38.3

.270

35.530.5

24.2

287.0153. 3

425.0

.38.4

101.7

=! of 132.2parately

6.8; 354.(

481

253156

.141

15.6

5260

.306

35.7.208

1,865638

.34594

125

2, 468

93- 654

164

706696

101,740

194

31613626

.065

.564

.089

11, 782

231.7

155. 8

228. 4

242. 4

135. 9

37.3

.270

33.328.6

23. 5

274.7148.4

412.3

4.98.3

98.3

76 Ib., § Pric

); 355.0; 3

580

220132

.135

15.8

32285

.269

28.9.224

2.032731

.35079

137

2, 458

39- 605

262

833824

91,624

225

49418617

.064

.565

. 089

12, 747

230.8

177.9

234. 9

254. 3

136.1

39.9

.270

40.832.9

26.5

305. 6170.9

358. 2

31.19.0

130.2

3 for Ne

40.2; 356.

573

205121

.134

14.6

397111

.266

37.0.208

3,0505 307

1, 550523

.34873

157

2,458

56-440

272

960952

81,567

270

36313653

.065

. 565

.089

8,019

227.4

217.3

254. 6

272.8

129.6

42.7

. 258

36.728.4

29.0

288.5164. 3

340.4

51.89.3

148.2

tf York

0; 333.2;

572

210123

.139

14.4

343122

.280

39.0.205

1, 679580

.34869

185

1,374

46- 863

277

892

9-1,315

194

46920413

.064

. 565

.089

11, 303

189.0

201. 1

230. 9

264. 1

125. 9

39.3

- .246

33.429.5

30.3

274.6120.3

381.2

- 45. 17.6

- 166. 7

and No

372.2.

667

251160

.146

13.9

250120

.343

22.9.202

1,991693

. 34895

-206

934

967256

883

P 90433 fi

308137

9

.066

p . 089

10, 245

242.9

199 5

206. 1

253. 8

140. 1

38.0

f . 246

38.937.5

24.3

295. 4166. 6

366. 0

33.47.8

153. 3

rtheaster

. 155

13.4

"""."200"

.340

218

. 063

n New

S-30 SURVEY OF CUREENT BUSINESS October lin;:>


1960 1961

Monthlyaverage

1961


1962

Jan. Feb. 1 Mar. Apr. May June July Aug. Sept.

FOOD AND KINDRED PRODUCTS; TOBACCO Continued

FATS, OILS, AND RELATEDPRODUCTS— Continued

Vegetable oils and related products:Vegetable oils (total crude and refined) :

Exports _ __ __ __ __mil . l b__Imports do

Coconut oil:Production:

Crude doRefined _ do__

Consumption in end products do_ _Stocks, crude and refined (factory and ware-

house), end of month mil. lbImports do _ _ .

Corn oil:Production:

Crude _ doRefined _ do

Consumption in end products doStocks, crude and refined (factory and ware-

house), end of month mil. l b _ _

Cottonseed cake and meal:Production thous. sh. tons__Stocks (at oil mills) end of month do

Cottonseed oil:Production:

Crude - _mil . lb_.Refined _ _ do

Consumption in end products _ _ _ d oStocks, crude and refined (factory and warehouse) ,

end of month I _. mil lbPrice, wholesale (drums; N.Y.) _$pe r lb ._

Linseed oil:Production, crude (raw) ._. mil. lb_.Consumptlon in end products doStocks, crude and refined (factory and warehouse) ,

end of month mil lbPrice, wholesale (Minneapolis) $ per lb_-

Soybean cake and meal:tProduction _ _ thous. sh. tons. _Stocks (at oil mills), end of month do

Soybean oil:Production:

Crude mil. lb__Re fined - do

Consumption in end products doStocks, crude and refined (factory and warehouse),

end of month mil lbPrice, wholesale (refined; N.Y.) $ per lb_.

TOBACCOLoaf:

Production (crop estimate) mil lbStocks, dealers' and manufacturers', end of quar-

Exports, incl scrap and stems thous. l b _ _Imports incl scrap and stems do

Manufactured:Production total doConsumption (withdrawals):

Cigarettes (small):Tax-exempt millionsTaxable do

Cigars (large) taxable doManufactured tobacco and snuff, taxable

thous lbExports cigarettes millions

142.843.9

41.333.349.4

2 322. 513.0

27.525.726.2

35. 2

207. 8172 4

151.4127.1106. 4

385.7.151

30.632.0

110.8.131

762. 6104.3

366. 0289.7283. 8

476. 5.129

3 1,944

5 4, 57341,34613, 257

14,442

3, 08339,178

543

14,1481,685

92. 647.2

41.638.653.7

313. 613.6

28.026.826.4

34.6

204.0168 4

149.5125. 5

••110.7

335. 8. 186

35.531.8

103.0.142

778.4147.2

370.2' 299. 4r 288. 7

' 704. 5.157

3 2, 0583 4, 58041,74113.870

14,429

3, 29640, 67 7

531

14, 1241,861

99.748.6

47.047.263.2

294.315.6

30.731.531.1

35. 1

68.689 4

48.947.8

105. 4

182.8.191

37.935.7

87.4.153

692.4171.1

333.9291.9280.3

765. 6.153

36, 61515,931

16, 391

3S59847, 166

593

15, 8891,644

57.050. 9

44.837.551.1

300.812.1

29.129.030.5

33.2

149.673 3

109.463.290.3

170.4.194

40.733.0

96.8.149

529.771.9

253. 3284.0292.5

677. 2.148

4,53781, 76213,066

15, 015

3,10039, 584

549

14, 3791,970

108. 061.2

45.743.058.9

295.322.2

28.226.531.5

25.3

339.696 7

255. 1161. 1117.3

245. 0. 179

34.030.1

98.3. 152

838.762.4

396.9294. 6309.2

738.0.149

90,31614, 048

16, 098

3,73245, 361

605

15,0101,872

78.059. 7

43.238.650.7

308.120.6

28.326.523.1

28.3

342.985 8

256. 8183. 5

r 125. 4

r 320. 4.179

39.525.8

117.0.152

888.062.9

417.7319.2

r 302. 1

' 802. 2.146

69, 48414,629

13, 909

3, 34242, 568

666

13, 9051,987

79. 051.9

39. 134. 751.8

319.318.6

27.727.822.7

30.7

286.881 5

210.3168. 9

r 117.5

392.0.183

32. 124.8

128. 4.152

895. 499. 3

417.9332. 1

r 315.1

859.6. 151

4,84342, 89310. 131

11,348

3,06333, 260

367

11,5262,011

111.162.3

38.039.954. 6

307.522.0

28.426.722.4

36.2

299. 184 9

219. 1160.9109.2

434.2.183

33.327.1

134.9.152

946. 7101. 4

442.4341.5323. 2

933. 3.148

19, 75615,710

14, 335

3, 29941,114

490

13, 9991,861

105.037.4

38 839.851.4

291.87.6

27.824.420.5

42.1

268. 5113 6

200. 7164. 3106. 7

488.7. 181

33.425.4

140.6.152

841. 189. 2

395. 0312. 1304.0

959. 2. 145

23.71614, 182

12, 880

3, 28335,836

432

11,7541.982

82 649.4

41 546 961.7

285. 615.3

31. 526.624.0

49.5

242.5123 4

182.0162.0117.9

477. 5.179

30.632. 9

137.0. 152

899.191.2

422.7351.7347. 9

956. 4. 142

4, 73728, 49113, 773

14. 772

3, 52842, 645

513

14, 0852. 097

186 153.9

31 945.861.6

269.917.9

31.328.724.1

54.1

192.1156 9

146.3142.9121. 5

513. 4. 176

31.734.8

135. 3. 152

840.396.0

397.4318. 1340. 5

924.6. 141

30, 76713, 945

13.988

3, 22538, 592

510

13, 8492.166

141 051 0

28 047 060 0

245 019.0

32 329.526.7

55.9

130.9164 0

98.2117.4112.2

458.4.171

23.335.4

121.2.151

891.4101.8

425.4352.7352. 1

930.4.133

29,21515, 054

15,033

3, 72545, 094

623

14, 6471 , 880

215 441.0

(i)45 562.1

218.816.0

32.026.828.9

51.9

99.9155 7

74.991.4

107.8

401.5.169

20.936.0

105.4.147

794.088.0

376.6364.9378.7

808.8.128

4,31838, 83512, 404

14, 093

3,53741, 294

535

14, 2002,119

234 338 6

35 636 049 3

220 615 5

30 328 427.1

52 1

85.213^ 9

63 772 8

'98.0

324 4.165

14.335.1

79 3.145

807.791.2

383.9314 5337.0

763.3.122

34, 62512, 281

12, 346

3, 20839. 377

520

12, 7661,902

1(39 1

57 1

30 148 564 7

9QQ 4.96 1

33 334 832.1

49 5

103.2

75 177 8

107 6

970 7p. 161

27 135.2

70 o

p. 138

799 072.9

379 7339 9349 %

683 1p. 124

35, 00914 123

2. 060

4 9 If!"

LEATHER AND PRODUCTS

HIDES AND SKINSExports:

Value total 9 thous. $Calf and kip skins thous skinsCattle hides thous. hides

Imports:Value total? thous. $

Sheep and lamb skins thous. pieces..Goat and kid skins do

Prices, wholesale (f.o.b. shipping point):Calfskins, packer, heavy, 9 J/S/1 5 lb _ _- $perlb_.Hides, steer, heavy, native, over 53 lb do

LEATHERProduction:

Calf and whole kip thous skinsCattle hide and side kip thous hides and kipsGoat and kid _ thous. skinsSheep and lamb do

Exports:Glove and garment leather. _ _ _thous. sq. it--Upper and lining leather - - - do

Prices, wholesale:Sole bends light, f.o.b tannery _ $ per lb_Upper, chrome calf, B and C grades, f.o.b. tan-

nerv $ per sq. ft._

6 367177574

5,8862,3081,605

.561

.139

5281,8311,5702,540

2,8793,449

.703

1.319

7,179212637

5,3572,3251,228

p. 631v . 150

5331,8951, 2392,658

5,2444,291

p. 707

p 1.401

7,335169633

4,3961,6591,277

.650

.178

5672. 0791,0803,161

5,3884,007

.735

1.390

6,406190488

5,5762,5451,081

.650

.178

4921,8611, 1482,635

5, 5994,270

.740

1.398

7,194139594

5,1391,9231,115

.675

.163

5582. 0201. 3052,835

6,1744,430

.740

1.412

7,357201611

4, 6541, 1261,109

.650

.163

5811,9661,3112,954

4,7613,744

.733

1.387

7,844148808

4,718973

1,012

.675

.148

5601,8691, 2532,403

3,6593,673

.720

1.397

7, 867116704

5,2962,3301, 109

.675

.148

5881,9471, 3262,462

3,4383,153

.717

1.380

5, 514179442

7,6153, 1221,601

.700

.138

5101, 8931,0492,570

3,1632,821

.710

1.380

6,304237515

9,1115,8531,463

.700

.138

4891,9131,1332.330

2, 9513,232

.713

1.330

5,677212452

6,0351,6871.512

.650

.143

5051,8521,1002,421

3,5573,113

.717

1.323

6, 957184572

7,0673,3861,202

.650

.158

4721,9991,2112,806

3, 5062,499

.720

1.357

7,939180605

5,9912,7821,278

.625

.163

513r 1, 882r 1, 241

2,643

3,9503,387

.680

1.350

7 518116690

4,9211,115

982

.575

.153

3801, 5401,1271,992

2,2492,933

.710

' 1. 333

8 506135773

5, 1722, 0701 375

P. 600P. 158

2,8283, 105

P. 710

p 1. 337r Revised. p Preliminary.

i Not available. 2 Average based on 9 months (Apr.-Dec.).^ Crop estimate for the year. * Oct. 1 estimate of 1962 crop. - Quarterly average.

^Data formerly shown in mil. lb.9 Includes data for items not shown separately.



1960 1961

Monthlyaverage

1961


1962

Jan. Feb. Mar. Apr. May June July Aug. Sept,

LEATHER AND PRODUCTS—Continued

LEATHER MANUFACTURES

Shoes and slippers:Production, total thous. pairs .

Shoes, sandals, and play shoes, except athleticthous. pairs. _

Slippers for housewear _ _ doAthletic do _Other footwear do

Exports doPrices, wholesale, f.o.b. factory:

Men's and boys' oxfords, dress, elk or sideupper, Goodyear welt 1957-59=100-

Women's oxfords, elk side upper, Goodyearwelt 1957-59 = 100

Women's pumps, low-medium quality do _ _

49, 870

42, 5896,216

584482

199

106.5

108.0109. 3

49, 982

42, 8776 131

501474

179

105. 5

108. 1110.2

57, 146

47, 6128 483

468583

202

105. 5

108.3109.9

47, 646

38, 1248 526

444552

184

105. 5

108.3109.9

51, 842

41,0599 696

502585

210

105.5

108.3110.4

49, 966

39, 8039 142

548473

198

105.5

108.3111.0

46, 729

40, 4885 165

553523

160

105.5

108.3111. 1

55, 828

50, 4084 472

502446

106

105.8

108.3111. 1

53, 411

47, 9014 624

511375

166

105.8

108.3110.9

58, 898

52, 2175 631

583467

202

105 8

108.3111.0

52, 887

46, 4735 317

579518

192

105 8

108 3111.1

53,211

45, 7776 293

577564

191

105 8

108 3111 1

51,110

43, 1946 671

552693

159

105.8

108.3110.9

46 155

39, 7555 665

315420

131

105 8

108 3111.2

58 994

48, 5519 293' 496654

206

105 8

108 3111. 1

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 doImports, total sawTrnill products _do

SOFTWOODSDouglas fir:!

Orders, new mil. bd. f t_ .Orders, unfilled, end of month . do

Production _ doShipments doStocks (gross), mill, end of month.. do

Exports, total sa\vmill products. _ doSawed timber doBoards, planks, scantlings, etc do

Prices, wholesale:Dimension, construction, dried, 2" x 4", R. L.

$ per M bd. f t_.Flooring, C and better, F. G., I" x 4", R. L.

$ per M bd. ft-Southern pine:

Orders, newt.. mil. bd. f t _ _Orders, unfilled, end of month _ do

Production! doShipments! _ doStocks (gross), mill and concentration yards, end

of month mil bd ftExports, total sawmill products M bd. f t _ _

Sawed timber doBoards planks scantlings etc do

Prices, wholesale, (indexes):Boards, No. 2 and better, 1" x 6", R. L.

1957-59-100..Flooring, B and better, F. G., 1" x 4", S. L.

1957-59=100..Western pine:

Orders, newt mil. bd ftOrders, unfilled, end of month do

Production! doShipments! _ doStocks (gross), mill, end of monthj-. _ do _.Price, wholesale, Ponderosa, boards, No. 3, 1" x

1?" R L (6' and over) $ per M bd ft

HARDWOOD FLOORING AND PLYWOOD

Flooring:Maple, beech, and birch:

Orders, new mil. bd ftOrders, unfilled, end of month doProduction doShipments __ do _Stocks (gross) mill, end of month do

Oak:Orders new doOrders, unfilled, end of month do .Production doShipments doStocks (gross), mill, end of month do

2,874513

2,361

2 803505

2,298

7,8801,9165, 964

72327

666533

696691

1,146

321715

81.13

U30.03

517191

548518

2,0477,7941,9625 833

99.0

97.4

719359

747725

1,957

74.86

3.211.63.03.19.7

69.038.573.270.695.6

2,641385

2,257

2 666415

2 251

7,9121,8976, 015

64355

640471

646640

1,126

231012

78.43

124. 21

545224

538544

2,0875,8271,3424,486

92.7

95.3

727359

724728

1,974

69.63

3.111.33.13.08.7

64.235.665.565.499.9

3,047377

2,670

3,010423

2 587

7, 7661,8415, 925

73431

678466

711711

1,096

221012

79.90

123. 01

632225

600620

2, 0518, 4653,5494,916

93.2

95.0

809324

942857

1,962

68.81

3.111.03.73.77.8

77.336.875.374.896.4

2, 829398

2,431

2,784438

2,346

7,8101.8016,009

66372

583424

638625

1, 108

231211

78.95

122. 59

578221

561582

2. 0303, 902

9053,057

93.3

95.2

770317

858777

2,043

68.88

3.210.93.42.98.1

68.137.866.768.393.4

2,842424

2, 418

2,814421

2,393

7,8091,8046, 005

66398

658446

638635

1,082

221111

76.85

121. 74

595211

585605

2, 0105,500

9044, 596

93.3

95.2

794330

806782

2,067

66.83

2.910.63.43.38.2

65.834.370.569.394.5

2,617398

2, 219

2, 497405

2,092

7,8831,7976, 086

70348

598422

637623

1,096

219

11

76.66

121. 74

517183

569545

2, 0345, 650

7804,870

93.2

95.0

621305

664645

2,086

66. 03

2.610.53.22.68.6

61.131.568.466.094.8

2,205313

1,892

2,259404

1,855

7,8281,7066,122

64274

524419

546527

1,114

219

12

75.53

121. 92

423185

489421

2,1027,2682,8894,379

92.7

95.0

644312

577637

2,026

65.74

2.210.02.82.69.1

49.627.355.354.884.7

2,220297

1,923

2,344397

1,947

7, 5391,6065,933

80284

653508

588565

1,122

971116

75. 23

120.18

498221

506462

2,1464, 8921,3893,503

93.7

94.3

690380

513621

1,768

64.61

2.910.53.02.39.8

57.935.560.653.7

100.4

2, 555409

2, 146

2, 624501

2,123

7, 4261,5145,912

54351

618577

626573

1,131

18

11

76.18

119.98

579271

548529

2, 1658,9241,3817,543

93.6

94.3

757441

636697

1,707

65.69

2.610.82.62.4

10.0

65.543.857.757.298.3

2,778395

2,383

2,920479

2,441

7,2841,4305,854

70400

679504

706732

1.105

3514*>2

77.88

120. 41

621283

595609

2,1515,2991.7003, 599

94.1

94.3

741467

705715

1,697

67.38

3.011.12.82.6

10.2

65.449.364.462.796.9

2,752437

2,315

2,920493

2,427

7,1301,3745, 756

58436

717534

677688

1,108

261214

78.46

120. 41

598292

570589

2,1326,7771,6345,143

94.4

94.5

759461

705765

1,637

70.91

2.711.02.42.6

10.0

66.651.157.263.688.4

3,106496

2,610

3,242500

2, 742

6, 9891,3705,619

94457

757511

727780

1,050

301515

79. 03

120. 58

674286

659680

2,1119,3984,3675,031

94.6

94.4

853435

839878

1,598

71.49

4.011.32.83.59.0

72.749.966.874.680.7

2,897524

2,373

3,040491

2,549

6,8721,4055, 467

66468

741500

661752958

248

15

78.90

120. 10

583264

597605

2,1036,6151,9444,671

94.4

94.6

781437

755780

1,573

69.59

4.611.63.04.08.2

68.947.666.170.974.8

2,690522

2,168

2,724465

2 259

6, 8051. 4625, 343

64482

628504

581624927

28r 918

'81. 29

r 122. 18

578251

571591

2,0835,8011,7874,014

93.5

94.3

755445

734747

1, 560

69.08

3.211.02.73.47.0

67.346.963.568.268.9

3,110599

2,511

2, 995507

2, 488

6, 1581, 5544,604

57490

721481

714744893

268

18

P81.37

^123. 66

538246

552543

1,3425,932

8115,121

93.4

94.6

769366

898840

1,610

p 67. 76

3.410.13.03.56.2

80.946.377.981.664.6

•• Revised. » Preliminary. !Revisions for 1959-1960 appear on p. 24 of the Nov. 1961 SURVEY; revisions for 1948-19581 Average for 9 months (Apr .-Dec.). for stocks, all types of lumber, and for Western pine stocks are available upon request.



1960

A i m

1961

t - T i l t r

average

1961

Aug. Sept. Oct. Nov. Doe.

1962

Jan. Fob. Mar. Apr. May June July Aug. Sept.

METALS AND MANUFACTURES

IRON AND STEELForeign trade:

Iron and steel products (excl. advanced mfs. andferroalloys):

Exports, total 9 cf - - thous. sh. tonsSteel mill products _. doScrapd71 do

Imports, total 9 d71 doSteel mill products cf __ _ __ doScrap do

Iron and Steel ScrapProduction and receipts, total thous. sh. tons__

Home scrap produced _ _ _ doPurchased scrap received (net) do

Consumption, total doStocks, consumers', end of mo_ _ _ _doPrices, steel scrap, No. 1 heavy melting:

Composite (5 markets) § $ per Ig. ton _Pittsburgh district .- _ _ d o _ . _

OreIron ore (operations in all U.S. districts):

Mine production c? thous. Ig. tonsShipment^ from mines d71 doImports cf doU.S. and foreign ores and ore agglomerates:

Receipts at iron and steel plants doConsumption at iron and steel plants doExportsd71 doStocks total end of mo d71 do

At mines cf doAt furnace vards doAt U S docks do

^VTanânese (mn content) general imports cT1 do

Pig Iron and Iron ProductsPig iron:

Production (excl. blast furnace production of fer-roalloys) thous sh tons

Consumption doStocks (consumers' and suppliers'), end of mo.

thous. sh. tons__Prices:

Composite $ per Ig tonBasic ('furnace) - doFoundry No 2 Northern do

Castings, gray iron:Orders, unfilled, for sale, end of mo.

thous. sh. tonsShipments, totaled do ._

For salee? doCastings, malleable iron:

Orders, unfilled, for sale, end of mo.thous sh tons

Shipments, total doFor sale do

Steel, Crude, Semifinished, and FinishedSteel ingots and steel for castings:

Production thous. sh. tons__Index 1957-59=100

Steel castings:Orders, unfilled, for sale, end cf mo.*

thous sh tonsShipments, total _ do

For sale total doSteel forgings (for sale):

Orders unfilled end of mo doShipments total do

DroD and upset _ do

Steel products, net shipments:Total fall grades) ._ do

Semifinished products doStructural shape5* (heavy) steel piling doPlates doRails and accessories _ do _Bars and tool steel, total do __

Bars- Hot rolled (incl. light shapes). doReinforcing doCold finished _ do_ .

Pipe and tubine doWire and wire products doTin mill products doSheets and strip (incl electrical), total do

Sheets' Hot rolled doCold rolled do

Steel mill products, inventories, end of mo.:*Consumers (manufacturers only) mil sh tons

Receipts during month doConsumption during month do

Warehouses (merchant wholesalers) doProducing mills:

In process (inCTots semifinished, etc ) doFinished (sheets plates bars pipe etc ) do

Steel, finished, comnosite nrice $ ner Ib

865248598

340280

15

5, 4753,3002, 1755, 5399,487

32.9533.00

7, 3207,0142,882

9, 39fi8, 522

43970, fil 111,40753. 35S5, 846

99

5, 5565,552

3,471

65. 9566. 0066. 50

739966534

736839

8.273101.9

23111689

31710679

5,929235438511105884576185115588248503

2,417666

1,206

.0698

1,018106810

32926221

5,3153, 2062, 1095,3618,651

36.6435. 00

r 5, 983*• 6. 033

2, 151

7, 7598, 143

412r 82, 009r 15, 952

59, 7906, 267

86

5, 3935,483

3,250

65.9566. 0066. 50

653902514

566036

8,168100. 9

15310178

2749973

5,51021239549670

83953220498

589253510

2,147585

1,013

. 0698

1 057151850

378307

3

5,6233,4662 1575, 5808,569

39. 0536.00

r 9, 277rll,132

3 273

13, 5358, 7671,124

82, 90215,01462, 086

5, 802

63

5, 7645,876

3,045

65. 9566. 0066. 50

686932572

636541

8, 661105.0

15710280

2819772

6, 139204424495

64942599231106781287605

2, 336632

1,065

.0698

973165766

37726936

5,6843, 5162 1675 5848, 674

40.6438.00

r 8, 633T 10, 062

2, 567

12, 1168, 965

690T 84, 590r 13, 596

65, 23S5 756

68

6,0196,105

2,999

65. 9566. 0066. 50

685947567

595335

8,915111. 7

14810380

2839974

6, 05824143754462

931595228101694278485

2,38766?

1,089

.0698

959208713

42333532

6, 1513, 6582 4935 8518, 967

39. 0938.00

r 7, 898r 9 413

3, 071

11,9999, 681

55085 7481?, 10767 5566 085

93

6 3306, 327

3,057

65. 9566. 0066 50

6491,031

594

596639

9, 173111.2

15610882

2S'211184

6, 04628742656761

938594228108632282430

2,423639

1.145

9.4

3.1

.0698

861193630

504357

34

5,7983, 5332 2655 6559, 108

33.1034. 00

5,0227, 3932,218

9, 5609, 058

36284. 1489, 755

68, 0586,335

83

6, 1056,051

3, 147

65. 9566. 0066. 50

636990529

627140

8, 746109. 5

15610983

28211082

5, 787260403608

56904586200110495244405

2,411637

1,163

9.34.14.23.2

7.66.6

. 0698

75021?*>04

35029224

5, 8193 6642 1556 1908,741

34.1036.00

3,711* 1,66')

1,970

4,0809,532

66r 80, 548r 11, 843

62, 6056 100

130

6, 4006, 425

3,183

65. 9566. 0066. 50

672922470

666837

9, 569116.0

16911588

30810478

5, 787272404590

67868601151108448216357

2, 564693

1,294

9.44.34.23.4

8.37.0

.0698

652180445

37733222

6.2143, 9412 2736, 5318, 456

37. 6739.00

3,9111 6871, 777

3,23010,316

13175, 64514,05555, 5726 018

75

6,8336, 996

3,101

65. 9566. 0066. 50

673981512

707543

10, 353125. 5

20011993

34011485

6, 906276402648

941,028

707174137506260614

3,080846

1, 555

10.25.14.33.4

8.57.3

.0698

550169357

321282

17

6, 2303 8112 4196 1838, 506

36 2538.00

3, 5141 4651,588

3, 1399, 696

7970, 94616,10749,0155 824

105

6,4216,576

2,961

65. 9566. 0066. 50

681924474

697040

9,698130. 1

198126100

35611883

6, 626289392612102986682159136534261548

2, 903783

1,406

11.04.94.13.5

8.57. 5

.0698

549153377

392340

16

6, 8054, 2802 5256, 7778, 534

31.9833.00

4, 0161 , 5462, 061

3,71810, 623

4165, 98518, 55942, 1105 316

99

7, 1067,198

2,949

65. 9566. 0066. 50

71,1. 061

563

717642

10, 584128. 3

189149112

345132103

7,699325473720136

1,164823179152657313691

3,219871

1, 566

12.05.64.63.6

7.97.5

.0698

551149385

370325

16

6, 0783 8342 2445 9248 689

30 1832 00

4 5903 5092 718

5 0849 621

36262 07019,64337 573

4 854

101

6 4256 392

3, 079

65 9566. 0066 50

7m1.021

544

727450

9. 236115. 7

206130102

33112292

6. 783262434639113

1,048698211130660302532

2,794738

1,371

12.44.94.53.6

7.67.5

.0698

740150560

509413

13

5, 5473,4192 1285 1679 068

26 1428.00

9,48210 30?3,723

13, 0057,974

62566 34918, 82042, 5914 938

103

5, 4585,304

3,276

65. 9566. 0066. 50

6741,046

708054

7,53691.3

190136107

31112394

6, 183220431567106980624226122663295564

2,356605

1, 128

12.14.54.83.6

7.17.0

. 0698

620158445

475364

19

r 4, 9383 058

r\ §80T4 862r9 196

24 1326 00

9 61711 1174 275

13 5646 758

85371 91417, 32649 4055 183

87

4 582r 4, 605

r 3, 345

65 9566 0066 50

r 628

990553

6974

6,69283.8

172127101

29912294

5,36018840245387

830500222101676273587

1,862504822

11.43.94.63.5

6.76.8

.0698

470140313

59039566

P 4, 323p 2 640v 1 683p 4 238p 9, 278T 24 59

26.00

9 05011 0394,041

13 4575 9651 222

77 86115, 30456 928

5 56Q

4 211P 4, 166

v 3, 439

65 9566. 0066 50

643800452

7357

6, 17474 8

1769775

3039772

4, 505177351381

70701413204

78600209506

1, 509421669

10.93.54.03.5

6.86 6

.0698

704214401

505375

15

p 26 85p 29 00

3 049

12 2286 070

83(>

02 4725 858

71

4 586

65 9500. 0000 50

r 7, 098T 80. 0

5, 402197400438

00854olO23299

723253571

1,897530829

10.53.94.33.3

6.56 5

. 0698

7,25290 8

r Revised. p Preliminary. 9 Includes data not shown separately,cf Scattered revisions for 1959-61 are available upon request.§ Effective Jan. 1961, the composite reflects new weights; prices beginning Jan. 1961 are

not comparable with earlier prices.

*New series (Bureau of the Census). Data for steel mill inventories represent industrytotals for the specified holders of steel mill shapes; stocks held by nonmanufacturing industriesare not shown. Consumers' operations include fabricating activities of steel producingcompanies. For warehouses, data are derived from value of inventories.



1960 1961

Monthlyaverage

1961


1962


METALS AND MANUFACTURES—Continued

IRON AND STEEL— Continued

Steel, Manufactured Products

Fabricated structural steel:Orders, new (net) thous. sh. tons__Shipments doBacklog end of year or mo do

Barrels and drums, steel, heavy types (for sale):Orders unfilled end of mo thou^Shipments do

•Cans (tinplate), shipments (metal consumed),total for sale and own usej

thous. sh. tons__

NONFERROUS METALS AND PRODUCTS

Aluminum:Production, primary (dom. and foreign ores)

thous. sh. tons__Estimated recovery from scrap doImports (general):

IVTetal and alloys crude doPlates sheets etc do

Exports metal and alloys crude do

Stocks, primary (at reduction plants), end of mo.thous. sh. tons_.

Price, primary ingot, 99.5% min $ per lb._

Aluminum shipments:

Mîll products total t doPlate and sheet (excl foil) § do

Castings do

Copper:Production:

Refinery primary doFrom domestic ores doFrom foreisn ores do

Secondary recovered as refined doImports (general):

Refined doExports:

Refined scrap brass and bron/e ingots+ doRefined do

Consumption, refined (by mills, etc.) do

Stocks refined end of mo total doFabricators' do

Price, bars, electrolytic (N.Y.) $ per lb__

Copper-base mill and foundry products, shipments(quarterly avg. or total):

Copper mill (brass mill) products mil. lb._Copper wire mill products© do

Lead:Production:

Mine, recoverable lead thous. sh. tons..Secondary, estimated recoverable© _ _ _ d o

Imports (general) ore© metalj doConsumption total do

Stocks, end of year or mo.:Producers', ore, base bullion, and in process©

(ABMS) thous sh tonsRefiners' (primary), refined and antimonial

thous. sh. tons__Consumers'cf1 doScrap (lead-base, purchased), all consumers

thous. sh. tons._Price, common grade (N.Y.) $ p e r l b _ _

Tin:Imports (for consumption) :

Ore© __lg . tons._Bars, pigs, etc J do

Estimated recovery from scrap, total© doAs metal ___ do-_ _

Consumption, pig, total _ . d o _ _ _Primary _ _ do

Exports, incl. reexports (metal) doStocks, pig (industrial), end of mo doPrice, pig, Straits (N.Y.), prompt $ p e r l b _ _

Zinc:Mine production, recoverable zinc

thous. sh. tons_.Imports (general):

Ores©t doMetal (slab, blocks) _ do

Consumption (recoverable zinc content) :Ores© _ - _ _ . doScrap, all tyDes - ..do

299322

2,333

1, 6091, 755

404

167.9127.3

12.73.1

23.7

185. 3.2600

388.1254.1115.762.6

90.0126.693.433.123.0

43.811.9

51.336. 1

114 6

174.398.0

. 3205

470380216

20. 639.2

29.385.1

145. 1

158.997.3

46.6.1195

1,1693,2951,800

2506,7104, 290

7122, 7501.0140

36.3

38.110.1

7.416.1

r Revised. P Preliminary. l Recoverable aluminuir•expressed in metallic content (incl. alloying constituents); alof metallic content.

§ Effective with the February 1962 S U R V E Y , figures for plf

343318

2,723

1,5211,834

418

158.6!28.2

16. 64.1

10.7

258.2. 2546

403. 4278.7124.463.5

97.1129.298.430.821.9

38.45.6

48.736. 0

124.0

187.7105.1. 2992

517388212

21.837.7

33.785.6

100.6

205.699.1

41.3.1087

7433, 3251,800

2506,5204, 140

6722, 6301. 1327

38.7

34. 610.6

8.114.9

contentuminum

ite and si

385359

2.378

1, 5222, 043

638

167.036.0

21.94.67.8

259. 2. 2600

426. 6303. 6135. 065. 1

84.0128.996. 032.920. 4

26.75.9

29. 619.9

142.5

192.7121.6. 3060

22.038.8

36.990.8

118.9

190.0110.2

45.3.1100

3754,0341,965

2457,2104,570

2223, 0801. 1978

40.4

37.010.4

6.318.2

. Montcontent

icet excli

408326

2, 729

1,5301,841

539

159.632.0

19.54.26.8

255. 4.2550

416. 5286. 8126. 862.6

98.3118.790.827.820.7

30.25.9

30.023.4

138.5

167.3108.2. 3000

526374203

20.538.6

32.389.1

112.8

189.7107.7

43.3.1100

1,4463.9291,795

2556,4804,245

1624, 8751. 2185

37.4

26.714.4

7.618.4

hly datis about

ide shipn

303354

2, 566

1, 5131.960

453

1 67. 336.0

22.84.6

11.8

255. 6.2400

440.8294. 2127.372.6

104.6129. 8101.927.921.9

43.612.3

32.225. 9

138.9

162.3108. 0. 3060

20.942.2

37.192.3

116.4

193.1106. 6

42.8.1100

3195,0302,005

2406, 8954, 385

525, 6201. 2105

38.9

39.914.4

8.719.6

i are93%

lents

333339

2,707

1, 4511,846

346

164. 136.0

18.44.89.4

240.3. 2400

446.3298. 3129.970.8

104.4130.4104. 326.123.1

47.74.7

30.525.3

137. 1

159. 1102. 9. 3060

20.040.7

40.689.7

107.6

204.9106. 5

39.4.1020

5774,2041, 960

2856,8804,460

5425, 0551.2289

36.0

41.310.2

7.619.8

of foil;©tf<

base s

373296

2,723

1, 5101,607

344

168. 036.0

20. 04.78.7

207.1. 2400

435. 8271. 3115.873.7

103. 2131. 1100. 530.618.7

36.03.4

53.446. 9

115.2

159.4102.4. 3060

532414233

20.734.8

40.889.8

100.6

208. 196.1

38.6. 1025

1, 3463, 6281,795

3056,3403,990

4327, 0281. 2098

36.6

39.411.4

7.418.2

compar,3asic meConsume3r ap.

314284

2, 596

1,4911,887

334

170. 141.0

17.35.0

19.8

198.4.2400

429.4296 9133.979.8

103. 0134. 7103. 531.221.5

50.26.2

37.631.9

134.7

150. 592. 0

. 3000

22.536.7

39.296.1

90.7

207.293.7

40.3.1003

294,6251,930

2207,4404,750

4925, 7351. 2030

37.8

30.314.5

8.620.1

ible datatal contejrs' and

276289

2,487

1, 4821,774

320

157. 743.0

13.55.4

10.2

190.8.2400

429.0292. 2134. 373.6

101.3136. 7103. 733.018.0

32.36.9

38.431.7

125.4

157. 598. 9

. 3060

21.937.2

30.685.4

93.6

200.0101.3

37.2.0958

1,0381,8181,675

2056, 9704, 690

123, 7101.2106

36.7

36,911.2

7.218.2

back tont, tsecond ar

221327

2, 481

1, 5682. 063

379

177.448.0

18.95.3

12.2

170.7.2400

516. 5344.1159.081.2

109.6146. 1107. 938.223.9

54.16.2

33.927. 7

151.0

155. 9102. 2. 3060

582401235

21.937.1

45.788.0

93.0

203. 6104.3

34.4.0950

6704,2471,890

2457,3605, 280

9822, 8051. 2308

42.6

50.014.1

7.922.7

JanuaryS cat t erey smelt e

274312

2,414

1,4381,945

395

173.750.0

19.99.0

10.4

154. 5.2400

474.1315. 9142.278.8

108.8126. 598.627.922.3

16.95.9

30.826.2

138.8

142. 496.8

. 3060

24.035.5

36.383.8

88.3

199.7106.7

33.9.0950

7283, 4571,795

2406,9204, 850

322, 1351. 2212

41.9

32.213.2

7.920.1

1954 are1 revisioirs' stock

294357

2, 352

1,4252, 259

162

184.252.0

30.06.19.7

137.8.2400

499.0354. 3160. 483.3

113.9146. 1109. 336.824.9

64.65.3

30.227.2

142. 6

153. 398.4

. 3060

25.037.7

33.891.9

95. 1

193.7106.6

35.4.0950

6224,3151, 920

2657,2305,170

920, 5101. 1719

43.6

54.59.2

8.621.8

ivailableis for 1963 of lead

292349

2, 406

1, 4602,240

'478

179.152.0

33.06.0

10.3

132. 6. 2400

r 506. 6* 347. 5r 158.8

77.4

102.8145. 8109. 136.725.2

41.46.9

37.534.6

142. 9

157. 1102. 5. 3060

60742224°

24.036.6

30.987.6

94.3

188.4106.0

36.5.0950

1,0052,3831, 820

2356,7104,735

120, 7351. 1302

••• 42. 4

45.39.8

7.8r20. 8

upon re0-Feb. 1{in refine

239308

2, 357

1 , 4021,992

513

184.141.0

38.95.2

12.7

131.7.2400

447.8320.7145. 160.9

r91.5124. 590.933.621.0

47.08.1

26.322.9

"96. 5

P206. 8P121. 1. 3060

^21.331.8

23. 277.2

- 96. 5

191.1102.1

39 9. 0950

5302,784

5 6103, 850

2120, 2251.1145

38.4

40. 213.8

7 516.8

quest.)61 will b3ry shape

289367

2, 301

168. 1

27.35.3

10.3

130. S. 2400

93.6

22 57.3

32.027.4

p 138. 4

P 204. 2P 105. 4

. 3060

14. 6

33.8

87.4

.0950

603; 347

45

1. 084(5

49 i

34.28.2

. 2400

. 3060

. 0950

1.0846

—

e shown later.)? and in copper-

S-34 SUKVEY OF CURRENT BUSINESS October


1960 | 1961

Monthlyaverage

1961


1962


METALS AND MANUFACTURES—ContinuedNONFERROUS METALS AND PROD.— Con.

Zinc— ContinuedSlab zinc:

Production (primary smelter), from domesticand foreign ores thous. sh. tons_.

Secondary (redistilled) production doConsumption fabricators' _do_ ..Exports doStocks, end of year or mo.:

Producers' at smelter (AZI) doConsumers' do

Price, prime Western (St. Louis) Sperlb..HEATING EQUIPMENT, EXC. ELECTRIC

Radiators and con vectors, cast iron:Shipments mil. sq. ft. radiation--Stocks end of year or mo - do

Oil burners:Shipments thous..Stocks en d of year or mo _ do

Stoves and ranges, domestic cooking:Shipments, total (excl. liquid-fuel types) -.-do

Gasc? - -- do

Stoves, domestic heating, shipments, total.- -doOasf do

Warm-air furnaces (forced-air and gravity air-flow),shipments total t - thous _ _

Gas doWater heaters, gas, shipments do

MACHINERY AND APPARATUSFans, blowers, and unit heaters, qtrly. totals:

Fans and blowers new orders mil $Unit-heater group new orders0 do

Foundry equipment (new) , new orders, netmo. avg. shipments, 1947-49 =100__

Furnaces, industrial, new orders, net:Electric processing mil. $_Fuel-fired (exc for hot rolling steel) do

Material handling equipment (industrial) :New orders index* 1957-59=100Shipments index* do_

Industrial trucks (electric), shipments:Hand (motorized) numberRider-tvpe _ _ do. __

Industrial trucks and tractors (gasoline-powered),shipments number

Machine tools:Metal cutting tools:

Orders, new (net), total mil. $._Domestic -. do

Shipments total doDomestic do

Estimated backlog.. months..

Metal forming tools:Orders, new (net).. mil. $~Shipments _ doEstimated backlog months..

Other machinery and equip., qtrly. shipments:Construction * machinery (selected types),

total 9 - mil. $_.Tractors, tracklaying, total do

Tractor shovel loaders, integral units only(wheel and tracklaying types) mil. $..

Tractors, wheel (excl. garden and contractors'

Farm machines and equipment (selected types) ,

ELECTRICAL EQUIPMENTBatteries (auto, replacement), shipments thous..Household electrical appliances:

Ranges (incl. built-ins), domestic and exportsalest thous

Refrigerators and home freezers, output-JQK7 -\f\f\

Vacuum cleaners (standard type), sales billedthous..

Washers, sales billed (dom. and export) O-- do

Radio sets, production §. . . . ...doTelevision sets (incl. combination), prod.§._.doElectron tubes and semiconductors, factory sales

mil. $..Insulating materials, sales billed, index

1947-49=100..Motors and generators:

New orders index qtrly doNew orders (gross) :

Polvphase induction motors, 1-200 hp__mil. $..D.C. motors and generators, 1-200 hp do

66.65.7

73.26.3

185.968.9

.1295

1.72.8

42.845.9

151.8148. 5

154.7100.9

104.878.9

208.2

1 38. 5!21.5

118.8

1.32.9

99.2103.1

461470

1,885

41.9029.3542. 3032. 85

4.4

12.5012.00

4 . 2

1252,21 67. 5i 16.2

1 ."8.0

' 89. 4

i 186.2

2,194

124.6

111.8

276.1272.9

1, 427. 2475. 7

82.6

137

i 162

13. 62.3

70.64.6

77.64.2

145. 593.8

. 1154

1.22.6

44.444.8

155. 8152.5

145. 888.1

102.980.6

204.7

'40.8ns. 796.9

1.02.6

103.489.6

385380

1,639

46. 3531.4042.3028.60

5.0

10. 9012. 40

3.6

1 237. 4' 59. 4i 18. 6

1 107. 4r' 181.3

2, 359

127.5

115.4

273.6278.9

1, 447. 8514. 8

78.4

134

i 150

12.32.3

62.23.6

84.75.1

188.162.1

. 1150

1.53.6

62.650.9

187.4183.6

226.8136. 2

129.099.1

201.3

62.0

.93.3

93.098.3

388385

1,667

44.8029. 6534.0523. 15

5.2

10. 1012.95

2.8

2,688

122.9

72.9

270.1332. 6

1,385.1514.7

85.9

135

11.82.2

63.05.0

83.33.3

165. 162.9

. 1150

1.63.2

55. 143.8

190. 1185.8

243.2145. 3

149.4112.0182.1

40.614.5

108.4

1.21.1

95.386.5

377349

1,735

55. 0534. 0541.2027.10

10.9510.70

2.8

250. 070. 521 3

56 9

68.9

158. 4

2,811

144.8

122.7

302.2401. 9

2,048.73 694.6

89.5

146

151

13.52.4

75.85.6

89.32.7

150.171.3

. 1150

1.52.9

62.441.8

189.7184.9

290.3177.5

152.4114.3214.6

106.9

1.41.6

102.892.6

495370

1,987

47.3028. 5545. 1528. 35

9.1011.00

2.7

3,215

122.3

117.4

327.6321.9

1,796.4620.8

80.0

150

12. 12.8

76.75.2

83.51.3

146.481.6

. 1150

1.32.7

46.141.4

164.6159.7

167.8105. 5

99.676.6

193.7

77.7

.82.6

91.381.3

272292

1,031

51.9539. 8048.1032.20

12.9511.00

2.9

2,855

130.9

117.0

300.8286.2

1, 730. 8583. 0

79.5

149

11.11.7

80.15.1

79.33.5

151.290.6

.1198

.92.6

37.444.8

148.6146.5

84.445.8

85.468.7

213.2

39.716.9

86.8

.92.1

97.082.7

336383

981

44. 6533. 5057. 2539. 55

12.6013.55

2.8

182.044 X13 5

46 5

79.9

122.3

3,010

147.4

124.3

269.9252.4

1,845.23 580. 3

76. 0

157

143

12.32.5

78.45.5

91.51.1

150.386.9

. 1200

1.12.5

31.249.9

149. 5146.7

86.149.6

86.871.4

207.7

153.2

1.95.8

104. 575.8

333327

1,328

42.0534.3043. 0530. 65

16. 7010. 25

3.3

3,219

130.3

119.0

301.0263.9

1,350.6488.9

72.9

154

11.22.4

74.44.9

85.24.1

144.786.6

.1200

1.12.6

32.352.2

157. 6155. 0

79.842.1

81.065.1

191. 4

145.3

1.42.6

108.579.7

357326

1,278

33. 9526. 3042. 1030. 15

4.7

15. 1511. 95

3.7

2,466

133.6

130.0

304.5289.6

1,464.8541. 5

73.1

160

11.92.3

79.56.0

93.04.8

138.786.3

.1200

1.02.8

39.855.6

175. 6172.7

117.978.6

86.970.7

216.0

41.513.6

98.5

1.01.5

115.8101.5

506523

2,185

44. 6035. 3055. 4038.65

4.4

18. 7512. 00

4.4

220.761.013. 0

48 1

132.2

219. 1

1,776

156.7

144.7

330. 2334.0

M,810.43 659.3

85.9

185

144

13.62.4

78.75. 1

86.46.5

144.683.9

.1150

.63.2

28.862.8

163.2159.7

84.744.8

90.575.1

201.8

163.4

1.12.9

115.6107.5

541388

2,180

43.7034.4548.703 5. 30

4.3

16.2011.65

5.0

1,551

132. 5

143.4

290.7265.2

1,472.7510. 6

77.2

155

13.12.5

78.94.1

91.12.5

145.376.1

. 1150

.83.4

36.464.0

168.3165. 5

110.454.6

98.781.6

195.8

114.3

1.23.4

131.3107.9

535533

2,272

51. 6541.6554. 6036.40

4.1

11.9512.10

5. 1

1,770

137.6

131.4

282.9296.0

1,444.1474.6

77.0

166

13.32.0

68.94.1

80.32.4

147.1r72. 5.1150

1.03.4

41.365.4

167.4164.4

138.088.6

107.288.5

232.2

46.018.4

182.5

1.72.1

129.4118.7

492560

2,641

50. 0040. 2560.0041.90

3.9

13. 4013. 70

5.0

325. 481. 930 8

67 8

153.1

237. 6

1, 967

148.0

154.8

247.3334.9

31,721.93620.7

80.0

160

157

13.82.4

66.84.0

66.72.4

162.472.9

.1150

.93.0

31.664.1

142.2139. 3

••161.6' 95. 4

111.889.9

••201.2

324. 6

1.23.9

110.2111.2

568524

2, 368

r 46. 60r 37. 45r 39. 45r 28. 95

>• 4 .0

' 14. 00r 12. 50

r 5. 0

220.4

234. 1

2,120

115.1

125.0

236.8264.2

1. 134. 2336. 4

61.9

119

12.41.7

1.6

167. 9

"."IIso"

1.32.7

50.162.2

182.0178.4

271.2147.8

134. 5105. 2226. 1

161.2

1.21.6

517420

2.681

38.8533. 4039. 5529.70

4.1

11.7511.00

5. 1

- 21. ,)

-1 24. 9

129.9

80.9

301. 5348.7

1,253.8r 500. 7

81.6

168.9

.1150

~

32,105.83 736. 6

r Revised. 1 Quarterly average. 2 Data are for month shown.3 Data cover 5 weeks.cf Includes data for built-in gas fired oven-broiler units; shipments of cooking tops, not

included in figures above, totaled 26,300 and 31,500 units in July and Aug. 1962, respectively.tRevisions for gas heating stoves (Jan.-June 1960) and warm-air furnaces (Jan.l959-June

I960) are available upon request.©Beginning 1961, excludes new orders for gas-fired unit heaters and duct furnaces; revi-

sions for 1960 are shown in the Apr. 1962 SURVEY. *Revisions available back to 1954.

9 Includes data not shown separately. $Revisions for 1960 appear in the Feb. 1962SURVEY.

©Data exclude sales of combination washer-drier machines; such sales (incl. exports)totaled 4,300 units in Aug. 1962.

§Radio production comprises table, portable, auto, and clock models: television setsexclude figures for color sets. Data for Sept. and Dec. 1961 and Mar., June, and Sept. 1962cover 5 weeks; other months, 4 weeks.

SURVEY OF CURRENT BUSINESS S-35

Unless otherwise stated, statistics through 1960and descrintive notes are shown in the 1961edition of BUSINESS STATISTICS

1960 1961

Monthlyaverage

1961


1962


PETROLEUM, COAL, AND PRODUCTS

COAL

Anthracite:Production thous. sh. tons.,Stocks in producers' yards, end of mo doExports doPrices:

Retail, stove, composite $ per sh. ton--Wholesale, chestnut, f o.b mine__ do

Bituminous:Production thous sh. tonsIndustrial consumption and retail deliveries,

total 9 _ thous. sh. tons..Electric power utilities _ . doMfg and mining industries, total do

Coke plants (oven and beehive) do

Retail deliveries to other consumers do

Stocks, industrial and retail dealers', end ofmonth, total 9-- thous. sh. tons..

Electric power utilities _ doMfg and mining industries, total do

Oven-coke plants do

He tail dealers „_ do

Exports _ _doPrices:

Retail, composite $per sh. ton..Wholesale:

Screenings, indust. use, f.o.b. mine doDomestic, large sizes, f.o.b. mine do

COKEProduction:

Beehive - - thous. sh. tonsOven (byproduct) doPetroleum coke§ _ -do

Stocks, end of month:Oven-coke plants, total _ do

At furnace plants do\t merchant plants __ do

Petroleum coke doExports - - - do

PETROLEUM AND PRODUCTS

Crude petroleum:Oil wells completed number..Price at wells (Okla. -Kansas) $ per bbl__Runs to stills _ _ _ mil. bbl._Refinery operating ratio % of capacity--

All oils, supply, demand, and stocks:}:New supply, total mil. bbl._

Production:Crude petroleum _ _ d oNatural-gas liquids, benzol, etc. do

Imports:Crude petroleum doRefined products do

Change in stocks, all oils (decrease, — ) do

Demand, total doExports:

Crude petroleum. ._ _ _ d oRefined products do

Domestic demand, total 9 _ _ d oGasoline doKerosene do

Distillate fuel oil doResidual fuel oil doJet fuel -do

Lubricants doAsphalt doLiquefied gases do

Stocks, end of month, total^ doCrude petroleum..- doNatural-gas liquids doRefined products^.— ..do

Refined petroleum products: tGasoline (incl. aviation):

Production doExports doStocks, end of month:

Finished gasoline doUnfinished gasoline do.. .

Prices (excl. aviation):Wholesale, ref. (Okla., group 3) $ per gal..Retail (regular grade, excl. taxes), 55 cities

(1st of following mo.) $ per gal..

1,568315120

27.6713. 948

34, 626

31, 70214, 49014, 42526,751

2,534

72, 33348, 24423, 21 611,287

693

3,045

17.06

5.1647.690

844,6851,000

M, 1526 2, 947

1,2051,159

29

1,8742.97

246.083

298.3

214.628.4

31.024.4

-2. 5

300.8

.35.9

294.6126. 0

11.0

57.246.6

8.6

3.68.7

18.9

790.2248.028.4

513. 9

126.91.1

188.912.7

.116

. 210

i 1, 454198129

28.1413. 347

133,581

131,20014, 969113,856i 6, 157

2,311

69,12647,61820,9709,680

538

2, 915

17.12

3 5. 0187.541

3 735 4, 236

1,256

4,3983,0301,3691, 064

37

1,8212.97

248. 982

305. 9

218.529.9

31.825.73.4

302.5

.35.0

297. 2127.7

11.9

.57.845.08.7

3.59.0

19.3r * 814. 3

249.435.9

? 529. 0

127.6.7

189.513.3

.117

.205

1, 533253142

27.7612. 460

37, 847

30, 62315, 33613, 466

6,503

1,710

69, 65348. 45220, 2768,936

625

3, 914

16. 91

5.0167.367

844 4661,342

4,3012,8911,4111,112

41

1,8242.97

262.185

302.7

220.229.6

34.018.83.3

299.3

.35.4

293. 6140.410.1

40.838.49.7

3.716.218.0

841.6248.142.8

550.7

136.5.8

178.513.1

.115

.206

1,394293151

27.8912 950

35 409

30, 63314, 79713, 559

6,625

2,173

70, 69749 37120, 7109,135

616

3,780

17.04

5.0167.470

734 5581,183

4 1012 7721 3291 095

59

1,6762.97

239 380

292 7

209 828.0

33 121 812.0

280 7

.14.4

276.2130. 1

9. 5

41.236. 510.2

3.513. 516.9

853.6251.0

44.4558.2

123.3.9

173.311.7

.105

.199

1,603297141

28.2413, 370

39, 287

33, 36715,35215, 0527,069

2,860

72, 61250, 26821,7149,813

630

3,716

17.29

5.0167.590

814 8641,292

4,0352 7641,2711,081

35

1,8592.97

253.582

308.2

220.930.4

33. 623.312.6

295.7

.25.2

290.3128.812.1

48.043.08.4

3.812.719.5

866.2251.1

44.2570.9

130.6.6

173.913.1

.095

.201

1,501276224

28.2413 370

37 078

34, 01815, 73415, 396

6,989

2,789

73, 85150 42122, 80810, 454

622

3,202

17.33

5.0137. 690

754 8221, 270

4 0^42 7961 2281 068

99

2 0312.97

246. 182

302.2

214. 631.0

30 126.5

-12.9

315 0

.45.0

309. 6128.413.8

64.148.38.4

3.57.6

21.7

853.3248.741.7

563. 0

128.2.9

174.012.8

.105

.205

1,376233200

28.9013 930

35 044

37. 29017 00716, 619

7,391

3,645

71,41848 60922, 28310, 393

526

2,565

17.33

5.0137.690

785 0911 334

4 039

2 8201 2121 063

45

1 9562.97

258 984

319 2

226 632.4

29 231 028.3

347 5

.34.7

342. 6125. 8

17 8

87.755.08.6

3.13 9

26. 5

825. 1244.737.1

543.3

134 9.3

184.211.7

.115

.204

1,806193192

29.0813 930

37 620

39, 43717, 72317, 1207,641

4, 593

66, 94045, 29821, 1849,779

458

1,900

17.45

5.0167.717

1005 274l', 319

3 8602 67°1 1811,062

1, 9262.97

265. 386

335. 2

227. 831.9

36 339.3

-37.1

372. 3

.14.7

367. 5121.421. 1

101. 163.99.5

3.53.4

29. 6

788. 0242. 429.9

515. 7

132. 8.4

195.6(9)

.110

.204

1,51915998

29 1013 930

32 970

34, 47515 44315 4907,046

3, 541

64, 52343 59620. 5219,408

406

2,421

17. 45

5.0187.717

924 8681^218

3 7612 6141 1471 053

16

1,5532.97

242 086

297 8

209 129.2

31 627 9

— 13. 1

310 9

.15.0

305. 8109.216 0

82.450 47.3

3.53 6

20.8

774.9240.2

30 0504.7

118 94

205 7

.098

.198

1,509149178

29.1013 930

36 170

35, 77516 17216 431

7,697

3,169

63, 22242 19420 7269,405

302

2, 426

17.45

5.0187 700

945 1551 338

3 6372 5011 1361 071

22

1 5462.97

254 082

326 3

228 732.0

31 833.9

— 10.8

337 0

. 24. r>

332. 2130.4

15 0

75.655.69.6

3.64.8

22.7

764. 1245. 630.2

488.2

129.9.1

206.0

.090

. 198

1,25415653

28 8811 998

34 100

30 88914 13714 9197,194

1,794

64, 18543 17120 7189 431

296

2,854

17.43

4 4. 9324 7 329

764 9281 170

3 6512 5071 1441 031

39

1 5272.97

243 081

311 °

221 730 3

32 °26 <)19 8

°91 5

14.9

286 4129 5

10 6

53 740 58.9

3 86 9

18.4

783.9255.932 8

495.2

123 66

200 4

.115

. 195

1,315193119

28.1411 998

36 720

29, 85215 13413, 8286,437

798

66, 40244 96521 0399,666

398

3,788

16.97

4.9327 164

574 4531 337

3 7749 (]2S1 1501 014

98

2 1262.97

256 383

312 6

223 030.4

34 225 114.6

998 0

.35.2

292. 5140. 7

9 0

44.638.610.0

4.011 217.8

798. 4255.735.3

507. 4

131 9.3

192.4

.115

.198

1, 336217159

27 7511 998

37 390

28 44414 98712 5715, 479

796

69, 32746 78222 07910 355

466

3, 530

16.89

4.9147 179

533 788l'392

3 8322 6971 1351 012

31

1 73'?2.97

258 88f>

305 4

917 729 1

33 894 714 1

291 3

(')4.8

286 5140 4

9 2

40 034 510 4

3 713 817 5

812.5247 737 3

527 4

132 76

185 5

.120

198

904195195

28 00r!2 488

r 29 040

27 94115 33211 5805,141

947

66, 09745 153?0 4668 255

477

3, 087

10. 95

4.914T 7 271

423 5521 339

r 3 978r 2 838

1 1411 048

34

1 7112.97

264 486

313 7

224 031 0

35 992 817 6

990 '7

25.0

291 0142 5

10 9

40 633 78 7

3 614 919 0

830. 1242 439 1

548 6

139 76

183 1

.120

202

1, 325

301

28 09PJ2 488

39 015

4, 165

16.99

P4.914*>7 309

493 692

4 0652 9711 094

66

2.97

p. 120

216

1 , 190

34 055

r Revised. *> Preliminary.1 Revisions for .Tan.-June 1961 will be shown later.2 Revisions for Jan.-Sept. 1960 appear in the Dec. 1961 SURVEY.3 Monthly average based on Apr.-Dec. data.4 Data beginning April 1962 are not entirely comparable with earlier data; March 1962

prices comparable with later data: Screenings, $4.932; domestic, $7.882.5 Revisions for Jan.-May 1961 will be shown later.

r> Revisions for Jan.-Aug. 1960 appear in the Nov.1961 SURVEY. 1 Less than 50,000 bbls.s See note marked "1".

9 Beginning January 1962, data for unfinished gasoline are no longer shown separatelybut are included with unfinished oils.

9 Includes data not shown separately.§Includes nonmarketable catalyst coke.I Minor revisions for Jan. 1959-Nov. 1960 for various items will be shown later.1 Beginning Jan. 1961, data for the indicated items include stocks formerly excluded.

Dec. 1960 data on revised basis may be derived by adding to the published totals and in-dividual stocks the following amounts (thous. bbls.): Jet fuel held by pipeline companies,414; bulk terminal stocks—lubricants, 2,429; asphalt, 2,849; miscellaneous oils, 131.

S-36 SUEVEY OF CURRENT BUSINESS October 1002


1960 1961

Monthlyaverage

1961


1962

Jan. Feb. Mar. Apr. May June July Aug. Sepr.

PETROLEUM, COAL, AND PRODUCTS—Continued

PETROLEUM AND PRODUCTS— Continued

Refined petroleum products— Continued}Aviation gasoline:

Production mil. bblExports - do_.Stocks, end of month _ _ d o _ _.

Kerosene:Production _ . d oStocks end of month doPrice, wholesale, bulk lots (N.Y. Harbor)

$ per gaL .Distillate fuel oil:

Production mil. bbLImports - -- doExports doStocks end of month _ doPrice, wholesale (N.Y. Harbor, No. 2 fuel)

$ per gal._Residual fuel oil:

Production mil. bblImports - doExports _ _ - doStocks, end of month __ _ doPrice, wholesale (Okla., No. 6) $ per bbL.

Jet fuel (military grade only) :Production _ mil. bbl_.Stocks, end of month do

Lubricants:Production _ _ d oExports - - doStocks end of month _ _ _ d o _ _ _Price, wholesale, bright stock (midcontinent,

f.o.b., Tulsa) $per gal..Asphalt:

Production mil. bbL.Stocks end of month do __

Liquefied petroleum gases:Production _ _ _ doTransfers from gasoline plants _ do _Stocks (at plants, terminals, underground, and

at refineries) end of mo mil. bbL

Asphalt and tar products, shipments-Asphalt roofing, total thous. squares--

Roll roofin0 ' and cap sheet doShin°les, all types __ .. _ _ do .

\sphalt siding doInsulated sidiri0' do_Saturated felts thous. sh. tons__

9.5.8

13.5

11.328.7

.104

55. 61.1.8

127.9

.094

27.719.41.5

45.11.69

7.46.6

4.91.39.4

.257

8.212.8

6.512.7

24.2

4,9971 8133, 184

739482

9.7.6

11.7

11.831.0

i . 109

58.01.3.6

127.6

1 .099

26.319.61.2

45.81.58

7.927 .6

4.91.4

2 12.7

.260

8.5216.0

6.613.1

34.4

5,1311, 7783, 352

718577

10 8.6

10.8

11.333.9

.108

61.21.1.4

150.9

.098

25.212.81.4

48.81.45

8.98.5

5.11.7

12.6

.260

11.914.1

6.411.8

42.3

0. 0282. 3614. 267

8712592

9 9. 7

10.6

11.335.9

.108

54. 61.4.3

165.4

.098

23 914.8

.950.31.45

8.07.9

4.51.2

12.4

.260

10.912.1

5.911.3

43.7

6.8132. 3894. 423

9210598

9 95

11.3

13.137 3

.108

59 91.2

7177.9

.098

25 117.41.2

49.01.45

7.57.7

5.11.4

12 3

.260

10.510.5

6.313.6

44.0

7. 0722 4504 022

103112104

9 1.8

11.1

12.436 2

.108

59.51.4.6

174.2

.098

25 721.01.0

46.71.45

8.27.8

5.01.5

12.3

.260

7.610.9

6.615.6

41.9

4, 4351 5582. 870

827073

10 0.2

11.6

13.632 4

.113

63.72.4

152. 0

.103

30 024.11.3

44.91.55

8.58.3

4.91.2

12 9

.260

5.813.0

7.119.2

36.4

3.3101 2192. 092

tj9

4303

9 23

10.9

14.526 4

.113

68 42.3

8121. 0

.103

30 431 01.2

41.61.55

7.68.1

5 01.3

13 1

.260

4 814.7

6.522 4

28 2

5,1191 7713,348

753297

9 23

11.3

14.725 3

.113

61.2.6.7

100.0

.103

26 529 91.6

39.51.65

7.18.1

4.7.9

13 4

.260

5. 116. 6

6.014 6

27 7

2, 531903

1 , 028

303848

9 91

11.2

12. 723 3

.110

62 1

986 5

.100

26 927 51.4

37.11.65

8.68.3

5 01.2

13 6

.260

7 019.0

0. 715 8

27 7

5,8141 5844 "9

69

5978

9 74

10.6

11. 124 2

.104

54 31.5

88 3

.094

22 920 41.0

39.31.65

8 68.5

5 31 8

13 3

.260

8 520 8

6 312 5

30 4

4. 3961 041

507983

11 12

10.3

11.427 3

.104

57 51 5

4102 3

.091

23 318 21 5

41.01.55

9 28.3

5 01 7

12 7

.260

11 321 3

6 712 0

33 5

5, 1811 0853 316

5810287

10 85

10.6

11 530 1

.099

58 51 0

3121 5

.086

99 9

16 88

44.9.155

9 08.2

r 5 I

1 5I9 5

.260

11 719 9

6 511 7

35 8

6. 2502 1404 110

019994

10 35

10.2

13 233 2

.099

59 3.74

140 6

.086

23 217 01 0

50.7.155

8 48.1

5 31 6

12 5

.260

12 718 4

6 712 6

37 6

r 6. 289r 9 9A9T 4 027

0899

^89

T .099

p. 086

1.55

p . 200

0. 9079 5<)44 403

8311697 ;

PULP, PAPER, AND PAPER PRODUCTS

PULPWOOD AND WASTE PAPER

Pulpwood:Receipts thous. cords (128 cu. f t . ) _ _Consumption doStocks, end of month do

Wasto paper:Consumption thous. sh. tons__Stocks, end of month do

WOOD PULPProduction:

Total, all grades thous. sh. tcns__Dissolving and special alpha doSulfate doSulfite - c lo___

Groundwood doDefibrated or exploded __ __ _ doSoda, semichem., screenings, etc ._ -do.. -

Stocks, end of month:Total, all mills _. do

Pulp mills -doPaper and board mills _ _ do _ _ _Nonpaper mills - - -do

Exports all grades, total doDissolving and special alpha do-. _All other do

Imports, all grades, total _ .__ __ _ __ _ _ d o _ .Dissolving and special alpha doAll other _ _ do ._

PAPER AND PAPER PRODUCTS

All paper and board mills, production:Paper and board, total thous. sh. tons..

Paper - -- doPanerboard _._ _ _ _ _ do._Wet-machine board doConstruction paper and board - do _ .

3, 4483, 3745,483

753550

2, 11095

1,216215

274100209

902299529

74

953461

19815

184

2,8701,2831,306

15266

3,3813, 4335, 769

751517

2,210100

1 285214

267102242

89932650964

983602

20013

192

2, 9051,3121,370

13270

3, 8993, 0235, 655

825501

2, 30597

1 347217

278120245

917332509

77

1173978

22412

212

3, 1771, 3621, 485

11319

3, 5463.4305, 772

790479

2,15882

1 288195

254108230

87831550658

792653

19816

183

3,0121,2931,429

11280

3. 8553 8515,820

816498

2,415118

1 414230

282116256

87931750655

943856

22517

207

3,2901 4461, 528

10305

3,4983 7315, 521

770509

2,363106

1 402226

274105251

87930550965

954353

23114

217

3,1271 3551 493

11268

3. 2583 3795, 495

710562

2,093100

1 201206

25789

234

86729250668

984058

21012

198

2,8^31 3051 303

11224

3, 5733 6775,270

780494

2,273113

1 339222

27499

226

836280491

64

853451

21916

203

3,1391 395l' 476

12257

3, 7933 5785, 522

729481

2,234102

1 334212

27593

218

83728448866

994752

23818

220

3, 0131 3961 431

11245

3, 8303 8345, 493

795479

2,410119

1 41399Q

989110960

882993511

72

833951

23325

208

3, 2771 4411 546

12277

3, 3533 6895, 116

760496

2, 345105

1 308221

110205

87229550473

873849

93428

207

3,1391 3961 458

11274

3. 0943 8944.915

111493

2,404111

1 447293

295110272

89832449975

1134567

2312i

210

3,2781 4401 534

12293

3. 6973 37*34. 852

702494

2,368106

1 390215

288H9

258

904329500

75

1063572

24123

218

3. 1801 3701 514

I9

284

r 3. 503r 3 344r 5. 002

r 672r 5Q7

r 2,11886

r 1 242193

260101237

881297

T 51173

963858

20923

186

2,838T i 216r i 342

272

4, 1903 8075, 328

778493

2, 409110

1 452226

295113273

916321522

74

1014952

24223

219

3, 2841 3961 569

j j308

r Revised. p Preliminary.1 Prices beginning Jan. 1961 not strictly comparable with earlier data.

2 See note marked" y*' on p. S-35.JSee similar note on p. S-35.

October 1962 SUBVEY OF CURRENT BUSINESS S-37


1960 1961

Monthlyaverage

1961


1962


PULP, PAPER, AND PAPER PRODUCTS—Continued

PAPER AND PAPER PRODUCTS— Con.

Paper, exc. building paper, newsprint, and paper-board (American Paper and Pulp Assoc.):

Orders new 9 1 thous sli tonsOrders, unfilled, end of month 9 t do

Productiont doShipments9t . _do

Fine paper:Orders, new _ _ doOrders unfilled, end of month do

Production doShipments do _

Printing paper:Orders, new _ doOrders, unfilled, end of month.. __do

Production .__ doShipments doPrice, wholesale, book paper, "A" grade, English

finish white, f o b mill $ per 100 IbCourse paper:

Orders new thous sh. tonsOrders, unfilled, end of month . __ do

Production doShipments 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

m on the? thous. sh. tons..

Imports - __doPrice, rolls, contract, delivered to principal ports

$ per sh. ton__

Paperboard (National Paperboard Assoc.) :Orders, new thous. sh. tons..Orders unfilled end of month _ doProduction total do

Percent of activityPaper products:

Shipping containers, corrugated and solid fiber,shipmentsf mil sq ft surf, area

Folding paper boxes, shipments, index of physicalvolume - - --. 1947-49=100..

926682

1,118922

14479

148145

398396

389391

16.85

324161

333325

562563209

17016934

461

634

451

134. 40

1,321427

1,32689

9,078

124.0

r 959653

r 1, 141'941

r 157

84

' 160r 156

••402368

'389r 388

16 95

334154

'•SSI330

561559225

<174*174MO

455

620

455

134. 40

1,400461

1,39491

9,563

124.0

971648

1,172959

15688

160156

408352

404402

16.95

340158

338335

585609225

18818249

417

671

465

134.40

1,559521

1,52395

11,215

135.0

945661

1,134940

14874

162154

398362

398397

16 95

335170

319322

548555217

16417340

451

664

449

134. 40

1,487571

1,44392

10, 576

130.0

1 064691

1,2641,024

15976

167158

445376

427426

16.95

382184

368368

596590224

18317944

512

623

461

134.40

1,517522

1,54098

10, 660

135.8

978639

1,180974

15775

166158

400338

401404

16.95

348176

349347

594619199

17818537

499

612

507

134. 40

1,450485

1, 49295

10, 006

128.0

948644

1,144958

14969

164155

416360

397400

16.95

320161

329337

528560167

16316733

473

584

456

134. 40

1,354445

1,37182

9,000

123.1

1 , 061697

1,215988

16891

162165

440355

422422

2 16. 53

373193

346333

554498223

18517543

434

585

446

134. 40

1,381473

1,35491

9, 523

118. 5

967722

1, 158953

16097

159153

428397

402402

16.61

314175

335332

515469268

16917042

415

586

394

134. 40

1,401483

1,38996

9,036

115.5

1 079729

1,2631,054

181101

175178

478415

449449

16 71

347160

354351

578532315

18718643

481

587

439

134. 40

1, 588466

1 60397

11 145

127.5

991711

1,2271,001

164'97

171165

429409

423423

3 16 44

324149

342337

525543296

17318036

487

550

426

134. 40

1, 432468

1,43294

9, 463

118.9

1,022'667

' 1, 2601,039

163T 85

r 174' 164

'435385

440440

16 50

T 34Q139

362354

574601269

19018739

499

547

484

134. 40

1, 563460

1 58395

10 442

' 129. 6

'962'631

r 1, 178'973

' 166r 85

r 169r 162

'401'352r 414'414

16 50r 320r 137

'324r 316

566573261

18818244

457

557

499

134. 40

1, 530451

1 53997

10 362

125.7

i 854i 622

18181819

15496

143147

390376

365365

16 50

310150

310307

527529260

16516940

423

587

453

134. 40

1,356496

1 28180

9 207

116.2

•p 16. 50

568575252

18818247

442

621

459

v 134. 40

1,594476

1 60898

11 421

v 134. 9

1,433486

1 40992

10,300

RUBBER AND RUBBER PRODUCTS

RUBBERNatural rubber:

Consumption thous. Ig. tons__Stocks, end of month _ doImports, incl. latex and guayule _ ._ _ _ ._doPrice, wholesale, smoked sheets (N.Y.).__$ perlb__

Synthetic rubber:0Production thous. Ig. tons..Consumption _ doStocks, end of month doExports _ __ do._

Reclaimed rubber:Production doConsumption doStocks, end of month do

TIRES AND TUBES

Pneumatic casings:Production thous__

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. _

39.9278.4834.23.385

119. 7089. 94

232. 5228.74

24.4023.0432.02

9,987

9,9753,3506,482

143

26, 558117

3 4153 399

10, 34«107

35.6168.6532.59

.296

117.0091.85

245.5524. 75

21.9920.8632.15

9,728

9 8592 8386,908

114

26, 12881

3 1°43 289

9 14666

37.9766. 9732.59.300

114. 9498.61

239. 8427.87

22.5020.9233.04

10, 345

10 2691,9288,215

126

24, 12779

3 2113 1928,700

58

37.1263.8129.29.305

116.6194.90

240. 8722.90

20.6820.6231.83

9,893

9 9882,6207,239

130

24, 09691

3 0812 8568,890

64

40.1962.3840.65.295

133. 79106.51242. 9424.72

23.2422.5631.69

11, 150

11 1093 4297,518

162

24, 19585

3 5603 4359, 096

76

38.3163.0736. 71

.274

129. 62100.83

244. 8924.42

22.3421.1230.03

10, 329

9,7393,8415,789

109

24, 91666

3,2322,9039,458

54

36.4068.0839.07

.278

138.4997.58

256.2427.92

21.6120.1730.83

10, 483

9 1763 6895, 349

139

26, 36776

3 0029 8889 784

61

40.4769.7441.46.280

127. 93107. 07247. 9922.05

25 1423.2130. 54

11,501

10 9773,5347,333

110

26, 80073

3 6915 3678,062

81

36.1869. 5932.78.283

127. 1795 85

255. 0224.43

22 3021 0130.27

10, 369

9 0363 2275 680

129

28, 10964

3 6053 6798 131

50

39.6369.5229.97.286

138. 52103. 89261.8427.99

24 3822.6430.89

11,278

10 9153 6577, 149

109

28, 52386

4 0093 5828 714

109

37.4768.5133.20.289

130. 25100 27261.8825.80

23 1722 2430.85

10, 906

11 5653 7357 717

113

27, 83875

3 4133 2408 794

83

40. 4564.9837.84.298

131.95109 72259. 1821.90

24 1022 8728. 59

11,712

12 0843*9588 002

123

27, 50686

3 4973' 2239 075

69

39.4062. 5028.69.283

124. 611 07. 76254. 6226.38

25 2223.3429.66

11, 959

11 8733 4068 357

110

27, 62791

3 2773 3939 066

96

33. 5069. 7537. 09' .273

125. 1190 76

263. 9424 77

19 7618 8329.29

10,411

11 9413 3368 492

113

26 03199

3 1163' 2808 907

86

37. 2368. 7535.40.274

126. 80103 02256. 9029.38

22 7821.0128.67

10,722

10 2021 5318,531

140

26 533103

3 0263' 2lf)8 772

80

.274

' Revised. *> Preliminary. l Data for indicated items exclude esti-mates for tissue and special industrial paper. 2 Beginning Jan. 1962, on revised basis(cash discount deducted); not comparable with earlier data. Jan. 1962 price on old basis,$16.95. 3 Not entirely comparable with data prior to month noted. * Includes Alaskaand Hawaii beginning July 1961.

9 Data exclude estimates for "tissue paper." { Revisions will be shown later as fol-

lows: Paper, exeL bldg. paper, etc., Jan.-Dec. 1900; shipping- containers, Jan, 1959-Mar.1961. c" As reported by publishers accounting for about 75 percent of total newsprintconsumption in 1961. Alaska and Hawaii are represented beginning Jan. 1961.

© Revised effective with the June 1962 SURVEY to include data for stereo and other elas-tomers (except polyurethane rubbers) as follows: Production and consumption, beginningJan. 1961; stocks, beginning Dec. 1960.

S-38 SURVEY OF CURRENT BUSINESS October KM;;L!

Unless otherwise stated, statistics through I960and descriptive notes are shown in the 1961edition of BUSINESS STATISTICS

1960 I 1961

Monthly

1961


1962

1 1 ''Jan. 1 Feb. | Mar. 1 Apr.

1 i 1Mav June Julv Au2. i Sept.

STONE, CLAY. AND GLASS PRODUCTS

PORTLAND CEMENT

Production, finished cement thous. b b l _ _Percent of capacity

Shipments finished cement thous bblStocks, end of month:

Finished doClinker do

CLAY CONSTRUCTION PRODUCTS

Shipments: }Prick, unglazed (common and face)

mil. standard brick _ _Structural tile, except facing thous. sh . tons.-Sewer pipe and fittings vitrified doFacing tile (hollow), glazed and unglazed

mil. brick equivalent. _Floor and wall tile and accessories, glazed and un-

glnzed mil. so. ftPrice index, brick (common), f.o.b. plant or N.Y.

dock 1957-59 = 100

GLASS AND GLASS PRODUCTS

Flat glass, mfrs.' shipments (qtrly. total and qtrly.

Sheet (window) glass, shipments do

Glass containers: JProduction thous. gross..

Shipments, domestic, total doGeneral-use food:

Narrow neck food doWide-mouth food (incl. packers' tumblers,

jelly glasses, and fruit jars) thous. gross--

Beverage _ _ _ doBeer bottles do

Medicinal and toilet doChemical, household and industrial doDairy products - _ _ _ do

Stocks, end of month _ do_

GYPSUM AND PRODUCTS

Crude gypsum, qtrly. avg. or total:Imports thous sh tonsProduction do

Calcined, production, qtrly. avg. or total do

Gypsum products sold or used, qtrly. avg. or total:Tin calcined uses thous sh tonsIndustrial uses doBuilding uses:

Plasters:

A l l t i p (~ o\ "R'ppnp's ppmpnt') do

Lath mil sq ftWallboard doAll other§ do

20, 588

20, 244

85. 5124)5 53'>

541.840.7

154.5

33. 9

19.4

103.5

«7(),482«26,61943. 803

13, 358

12, 890

1,409

3,098

9581,3701,243

2,9011,095

151

20, 705

1,326"2.450

2,148

' « 93071

299299

477.61,458.6

59.4

20, 95074

20,889

35, 879r 25, 020

535. 039. 7

145.8

35. 3

19.0

103.8

05. 11327. 74337, 370

13, 957

13. 033

1.492

3,904

1,0071,8071,289

2,9851,007

142

21,582

1,242' 2. 370

2, 002

r98105

'256' 204

411.01 , 483. 9' 50. 0

33, 20289

37, 370

33, 70821.958

004. 941.0

182. 5

40.0

22.0

103.9

16,482

1 7. 802

2. 515

5, 450

1, 0522,1131,444

3, 8911,201

190

21, 700

31, 47487

33, 408

31, 78518.704

591. 537. 9

107.2

35.5

20. 0

104.2

07 70930, 03137 07S

13. 701

13, 713

2,341

4.153

7501, 5151,257

2, 042892163

21.415

1.4222, 005

2,282

1.17905

281303

406. 91,651.4

63 8

32. 34887

35, 681

28. 43710.204

047. 443.0

170.5

39.0

20.8

104. 1

14,717

13. 747

1.421

4,284

7761 , 4641,656

2.9871.009

150

22. 054

27,025

25, 092

30. 38210.913

550. 189. 1

134! 8

37. 3

20. 0

104. 1

12, 709

12.840

1. 190

3,920

8141,3801,390

3.151845144

21 . 700

23, 39303

17,485

30, 34319.531

387. 4

98' 1

28.8

10. 5

104.1

71. 8403 1.80340. 037

11.949

12 225

1,010

3. 050

1,1311,5121,173

2.854734149

21.157

1,2402, 404

2, 055

1, 04965

240250

380. 61, 528. 5

54.0

17.05140

1 3, 009

39, 79224. 758

319.028.481.6

26. 5

17.8

104.2

13. 482

12. 023

1,103

3,859

7451,4921,104

3,219842139

21,789

15. 30945

14, 477

40, 02628, 950

358. 4

87. 0

23. 2

17.7

104.9

13, 103

11,905

1, 173

3, 559

8591,3541, 122

2, 904704110

22, 779

20. 45454

21 . 209

39,81732. 891

503. 531.3

29.1

20.8

105. 1

74. 05b32. 14442 514

14.480

13.975

1.396

3. 886

1.1691,9391.377

3.277811120

23. 066

1.0192. 038

1.910

04307

226'?07

335. 51.395. 1

46.2

28,089

27. 990

39, 95832. 767

049. 935.2

159.3

34.9

20.3

105. 1

14.010

1 3. 452

1.251

3. 492

1 , 5082.0711.196

2. 966796112

23. 256

33,71988

33. 677r 40. 07630. 031

725. 839.0

175.8

36.5

22.6

104.9

1 5. 209

1 5, 090

1,256

4.126

1, 7072, 6511, 261

3,097869123

23. 205

32, 30488

33. 625r 38. 08427. 942

<• 008. 730. 1

172.5

35. 5

'22.0

104. 9

04 35426. 01337,741

15,978

15. 535

1,487

4,139

1,7172.9291,284

3,035826118

23. 392

1,3649 609

2 312

1 13268

273•>71

426 41 736.4

67.1

33, 38880

35,011

30. 40125.189

077. 039. 2

170. 0

37.4

21.0

104. 9

15,753

14,113

1,606

3, 968

1,3892. 705

991

2,618724112

24, 656

30. 13293

40. 009

31,91020. 480

.

104.9

10,327

17.312

3.082

5. 035

1. 1042.3911.290

3, 357879108

23, 394

TEXTILE PRODUCTS

APPAREL

Hosiery, shipments thous. doz. pairs.-Men's apparel, cuttings: Icf

Tailored garments:Suits -- thous unitsOvercoats and topcoats do

Coats (separate), dress and sport . _ do__ _Trousers (separate), dress and sport. do

Shirts (woven fabrics), dress and sport-thous. doz_Work clothing:

Dungarees and waistband overalls doShirts . do -

Women's, misses', juniors' outerwear, cuttings:cf ACoats thous unitsDresses doSuits do

Waists, blouses, and shirts thous. doz..Skirts do....

12,600

1,786435

8418,2621,942

231304

1,95220,888

809

1,288712

14.008

1.597375

9577,4651,872

284301

2,02921,192

820

1.340708

17.441

1, 788670

9048, 9002,012

340324

2,83521, 7591,035

1.335854

14.028

i 1,5851 470

i 820i 7,615i 1,935

13201 330

2,15517,642

582

1,215612

16,114

1,744360

1,0767, 9362,020

320320

2,57621.448

660

1.413712

15,618

' 1,8351 345

i 1, 160i 7, 4451 2, 285

13101 350

2,46720, 922

768

1,321654

12,267

1.696244

1,1127,0161, 984

264288

1,65816,848

682

1. 003412

14, 678

i 1, 880i 200

i 1,335i 8, 1601 2. 155

* 3051295

r 2, 009' 20, 096'1,098

' 1, 297--583

13. 958

1.726214

1,1158.5142, 137

295325

' 2, 437'21,482' 1,140r 1,508' 661

14.952

1.881281

1,2659, 8492. 258

308324

' 2, 566' 26, 654' 1.109

' 1.656-•740

13, 124

1.873370

1. 2348,8242. 042

308338

' 1,275' 26, 143

'673

' 1.557r 757

14.310

1,796470

1,2149,3122.245

332331

' 1, 223'27,130

' 583

'1,566'905

14, 680

1,649500

1,1879.0752,003

315326

' 2, 064'20,800

'815

'1,237'780

12,428

1.900354

7607, 5591,563

303256

2,27417, 950

726

1,226804

17. 230

r Revised. i Data cover a 5-week period.a Revisions for 1900 are shown in the Apr. 1902 SURVEY.^Revisions for Jan.-Mar. and Apr.-June 1901 will be shown later.§ Comprises sheathing, formboard, and laminated board.

IData for Sept. and Nov. 1901 and Jan. 1902 cover 5 weeks; other months of 1901cover 4 weeks. Beginning Feb. 1902, the data are calendar-month totals.

cf Revisions for Jan. 1959-Aug. 1960 are available upon request.AData beginning Jan. 1962 are based on revised sample panel. For coats, blouses, and

skirts, the revised figures beginning Jan. 1962 are at least 5% higher, when comparing esti-mates for Jan.-June 1962 on the new and old bases.

1!>02 SURVEY OF CURRENT BUSINESS S-39

Unless otherwise stated, statistics through 1960and descriotive notes are shown in the 1961edition of BUSINESS STATISTICS

I960 1961

Monthlyaverage

1961


1962

Jan. Feb. Mar. Apr. M ay Juno July Aug. Sept.

TEXTILE PRODUCTS— Continued

COTTON

Cotton (exclusive ofl intefs):Production:

Ginnings§ thous . running bales. _Crop estimate, equivalent 500-1 b. bales

tlious bales

Consumption^* - doStocks in the United States, end of mo.,

total J doDomestic cotton, total do

On farms and in transit doPublic storage and compresses doConsuming establishments do

Foreign cotton, total do

Exports doImports* _ _ _ do _ _Prices (farm), American upland cents per l b _ _Prices, middling 1", avg. 14 marketscf _ do

Cotton 1 inters:Consumption^ thous balesProduction „ __ _. __. ._ doStocks, end of moj do

COTTON MANUFACTURES

Spindle activity (cotton system spindles) :^tActive spindles, last working day, total thous__

Consuming 100 percent cotton .__ do _Spindle hours operated, all fibers, total mil_.

Average per working day doConsuming 100 percent cotton do

Cotton yarn, natural stock, on cones or tubes:Prices, f.o.b. mill:

20/2 carded weaving $ per Ib36/2 combed knitting do

Cotton cloth:Cotton broadwoven goods over 12" in width:

Production qtrly avg or total mil lin ydOrders, unfilled, end of mo., as compared with

avg weekly production No weeks' prodInventories, end of mo., as compared with avg.

weekly production No weeks' prod

Exportst thous. sq. yd_.Im ports J do

Mill marginsf cents perlb.Prices, wholesale:

Denim, mill finished cents per ydPrint cloth, 39. inch, 68 x 72 _ doSheeting, class B, 40-inch, 48 x 44-48 do

MANMADE FIBERS AND MANUFACTURES

Filament yarn (rayon and acetate) doStaple, incl. tow (rayon) doNôncellulosic (nylon acrylic protein etc ) doTextile glass fiber (exc. blown glass wool and

pack) mil Ib

Exports:Yarns and monofilaments* thous IbStaple, tow, and tops do

Imports:Yarns and monofilaments} doStaple, tow, a n d tops* _ _ _ _ d o

Stocks, producers', end of mo.:Filament yarn (rayon and acetate) mil. lb_.Staple, incl. tow (rayon) doNoncellulosic fiber* doTextile glass fiber* do

Prices, rayon (viscose):Yarn, filament. 150 denier _.$perlb..Staple, 1.5 denier - do

Manmade fiber broadwoven fabrics:Production qtrly avg ortotalt9 mil lin yd

Ravon and acetate (excl tire fabric) doNylon and chiefly nylon mixtures doPolyester and chiefly polyester blends* do

Exports, piece goods thous. sq. yd._

SILKImports, raw thous IbPrice, raw, A A, 20-22 denier $perlb._Production, fabric, qtrly. avg. or total

thous. lin. yd._

1 14, 2651 14 272

725

14,44714, 3763. 6989 1591, 520

70

62812

30.131.4

113134543

19,26917,59210, 008

4639. 161

665.938

2,341

13.6

4.5

36, 58437, 90S

29.89

38.217.417.2

455 7163 678.5

169 3

44.3

6,6073, 620

3995,128

63.456.1

6 66. 36 15.7

.82

.29

594 2358.678.5

106.2

12, 871

5734.60

6,791

1 14,3251 14, 3 38

711r 13, 442' 13. 368' 3, 815

7,7421,811

74

53314

31.032.2

109130544

19, 03717,3309, 764

4508.887

.647

.926

' 2, 292

11.8

5.5

39, 11721, 208

24.49

38.315.116.3

482 0160 4100.2185. 4

36.0

7,0183,834

5413, 190

56.453. 5

6 70. 96 22. 1

.82

.26

r 596 2r 366. 3'64. 1

r 111.6

11, 557

5575.20

' 5, 732

685

690r 20, 091' 19, 996'13,992

4 2161,788

95

64498

32.633.1

r 105

43385

19, 06517,2709, 550

4788, 658

. 641

.929

12.3

5.2

43, 96722, 219

23.94

38.315.316.3

5,4124,035

5412, 695

59.155. 3

.82

.26

10, 758

7595.44

2, 683

4 847

r 18, 947r 18, 842' 12, 372

4 8701,600

105

32224

32.833.4

4 124105357

19, 10217,344

4 1.1,579463

* 10,525

.660

.934

r 2, 204

12.2

5.0

40, 83317,026

24.62

38.315.316.5

495 0160 7103.1188 8

42 4

6,0763, 250

7772,591

52.351.271.423.5

.82

.26

r 591 8r 372. 9'60.9

r 101. 5

11,614

5245.38

' 5, 518

8, 675

716

r 17, 941r 17, 832' 7, 803

8 4891, 540

109

301

33. 933.6

111221429

19,08917,3139, 685

4848,782

.665

. 941

11.5

4.8

40,51821, 280

24.97

38.315.316.8

7, 4054,552

6634,886

48.643.4

.82

.26

13, 207

5415.25

11,687

*875r 16, 669r 16, 569r 4. 22710 6711, 671

100

4029

33.133. 6

4 130227519

19,01717,205

4 11, 872475

4 10, 753

. 665

. 953

11.2

4.8

39, 72623, 366

24.99

38.315.316. 8

8, 2304,274

7575, 606

45.940.3

.8227

12, 297

7155.24

212,688

664

* 15, 473M5,380' 1, 95811 6641,758

93

331.833. 6

109187559

1 9, 00917, 1818. 875

4448,019

. 665

.958

' 2, 398

11.9

5.0

39, 64834, 281

24.96

38.315.316.8

525 1178 2115.0193. 7

38.2

10, 5743,734

4004,414

47.841. 467.522.0

.82

.26

'638 1' 393. 0'65.0

' 123 6

13,063

8025.08

' 6, 929

313,996

4 868

' 14, 231'14,146' 1, 13611 0791. 931

84

3825

30.433.6

4 129194623

18, 97117, 120

4 11, 661466

4 10, 513

.670

.958

''2,250

10.8

5.0

32, 70148, 690

24. 85

38.315.317.0

8, 5063. 329

6774,910

47.442.8

.82

.27

8 574 18342.1' 8 65. 98118 8

10. 475

3895.08

85,550

717

'13,126'13,046

'57310,4072. 066

81

3965

29. 133.7

105174660

18,99017,1279, 574

4798,615

.670

. 958

'92,317

12.3

4.9

38, 94841.140

24. 94

38.315.117.0

7, 4534.633

6657.715

48.045.4

.82

.27

r9580 6' 9 357. 4' 9 64. 6' 9 102. 7

11,096

6885.22

94,931

730

'12,012'11,940

'4179,3872.136

72

3925

29. 433. 8

111156691

1 8. 97817.1059. 597

4808. 622

.670

. 956

2.425

11.9

4.8

42, 63743,617

25. 09

39. 615. 517.0

576 8188 1123.0217 6

48.1

8.7843,513

5375.715

51.349.563.721. 1

.82

.27

657 7' 394. 1' 75.1

' 128 7

12. 964

5455.42

6,325

4 867

' 10, 849' 10, 785

'3548, 3362. 095

64

3034

31.833. 8

4 125124694

18,98717,107

4 11, 668467

4 10. 535

.670

.941

11.4

4.9

39, 99457, 001

25. 38

40.315.517.0

9,2084.338

5484, 351

51.651.1

.82

.27

12. 661

5245.73

713

' 9, 783' 9. 730

'3047 4461. 980

52

3613

32.733. 9

10685

655

18,80616.9019, 501

4758. 506

.661

.938

11.0

5.0

35, 46234, 497

25. 06

40.315.517.0

8,7214. 406

8595.043

49.848.5

.82

.27

11.890

4215.98

709

' 8, 654' 8, 606

' 1896 6561, 701

48

4251

32.634.1

10458

599

18,81716, 8699,510

4768, 481

.661

.938

2,435

10.1

5.1

39, 27030, 757

24.90

40.315.517.0

589 2175 6119.2238 4

56 0

10, 2403,995

7115,710

47.951.267.628 4

.82

.27

662 4392 375.6

128 8

13, 620

3996.22

6,047

2S7

4 692

7, 85!)7. 808

1906 1001,518

42

4651

32. 634.0

4 84

576

18,76116,773

4 9, 697388

4 8, 621

656' .936

12 2

6 5

34, 55828, 562

25. 10

40.315. 517.0

5 53 45 40. 5

6 5443,024

1 1065, 767

51. 154.5

.82

.27

9,422

4736.20

1, 501

093

21, 30421,18513,3576 5951.233

119

14189

32. 633. 4

10569

524

18, 79816,7319, 432

4728,382

v 656P. 931

9.2

5.4

32, 24730, 960

25. 23

P40.3p 15. 4p 17.0

5 63 25 41.4

11 5494,215

8596, 034

53. 954. 5

v. 82r> 27

10, 577

785p6. 36

4.1)81

< 14 675

33.233. 0

25.70

T Revised. » Preliminary. * Total crop for year. 2 Ginnings to Dec. 13. 3 GinningsFan. 16. 4 Data cover a 5-week period. 5 Data are for month shown. 6 Qtrly. avg.

7 Oct. 1 estimate of 1962 crop. 8 Revision for 1st qtr. 1961. 9 Revision for 2d qtr.I. § Total ginnings to end of month indicated except as noted.1 Data for Sept. and Nov. 1961 and Jan., Apr., and July 1962 cover 5-week periods; other

nlhs. 4 weeks

to I

1961.

months, 4 weeks.

^Scattered revisions for 1959-Apr. 1961 are available upon request.T Revised series. See note in the Sept. 1961 S U R V E Y ; data for Aug. 1957-Juno 1960 p.re

available upon request.9 Includes data not shown separately. *New series; data for 1954-60 are available

months, 4 weeks. cf Beginning Aug. 1962, includes Phoenix, Ariz. (15 markets).



1960 1961

Monthlyaverage

1S61


1962


TEXTILE PRODUCTS-Continued

WOOL

Wool consumption, mill (clean basis) :]$Apparel class _ _ --thous. lb__Carpet class do

Wool imports, clean content doApparel class clean content do _

Wool prices, raw, clean basis, Boston:Good French combing and staple:

Graded territory, fine $ per lb_..Graded fleece $£ blood do

Australian 64s 70s good topmaking do

WOOL MANUFACTURES

Knitting yarn, worsted, 2/20s-50s/56s, Bradfordsystem wholesale price 1957-59=100

Woolen and worsted woven goods, exc. felts:Production, qtrly. avg. or total thous. lin. yd_

Apparel fabrics total doWomen's and children's do

Prices, wholesale, suitine. f.o.b. mill:Flannel, men's and boy's 1957-59=100..Gabardine women's and children's do

20,35613, 55519, 5978,202

1.1651.0701.166

100.6

71,61470, 18940, 668

96.796.8

21, 90712, 25421, 07910, Oil

1.1841.0321.110

96.7

71,72170,03543,228

93.895.2

22, 43013, 14619, 4428,357

1.2281. 0521. 125

99.2

93.095.2

1 25, 723' 15 02920, 4928 962

1.2301 0751 125

98.0

74,43572,69448,223

94.695.2

21, 70913 87625 0399 690

1.2081 0751 125

96.7

94.695.2

1 26, 491U4 629

17 2199 564

1.2001 0751. 125

96.7

94.695.2

19, 90211 81117 11410 159

1.2001 0751. 125

95.5

69,02666,35340,955

94.695.2

1 25,6091 14,08523, 98216 299

1.2001 0751 125

96.7

94.695.2

22, 74011, 38722, 74715 409

1.2001 0751 125

99.2

94.695.2

23, 52311 15925, 94519 187

1.2001 0751. 125

99.2

75, 46473, 43142, 066

94.695.2

1 27, 8281 12, 21621,01913 846

1.2241 0751. 125

100.5

94.695.2

23, 43411 50120 13313 579

1.2331 0751.135

100.5

94.696.9

23, 06111,93222, 38715 485

1.2451 0751 175

100.5

82, 50580 81348, 362

95.096.9

'23 251i j O 177

16 83411 216

1.2521.0751.175

100.5

95.096.9

22, 15213 23524 43314 849

1.2751 0751 175

100.5

95.096.9

1.2751 0851. 175

TRANSPORTATION EQUIPMENT

AEROSPACE VEHICLESA

Orders new (net) Qtrly avg or total mil $U S Government do __

Prime contract doSales (net), receipts or billings, qtrly. avg. or total

mil. $__U S Government do

Backlog of orders, end of year or qtr. 9 - - doU S Government do

Aircraft (complete) and parts doEngines (aircraft) and parts doMissiles, space vehicle systems, engines, pro-

pulsion units and parts mil $Other related operations (conversions, modifica-

tions) products services mil $

Aircraft (civilian)* Shipments 0 doAirframe weight ® thous IbExports mil $

MOTOR VEHICLES

Factory sales, total thousDomestic do

Passenger cars, total doDomestic .. _ __ . _ do __

Trucks and buses, total doDomestic do

Exports, total t numberPassenger cars (new and used) doTrucks and buses do

Imports (cars, trucks, buses) totalcft doPassenger cars (new and used)cf do

Production, truck trailers: tComplete trailers, total do

Vans doChassis van bodies for sale separately do

Registrations:©New passenger cars thous

Foreign cars doNew commercial cars. do

RAILROAD EQUIPMENT

Freight cars (ARCI):Shipments _ _ number

Equipment manufacturers total doRailroad shops, domestic do

New orders doEquipment manufacturers, total _ doRailroad shops, domestic do

Unfilled orders, end of mo_ __ . do_ __Equipment manufacturers, total doRailroad shops, domestic do

Passenger cars: Shipments _ _ _ doUnfilled orders, end of mo do

Freight cars, class 1 (AAR): §Number owned, end of year or mo thous

Held for repairs, % of total owned

15, 46212, 0566,0891,566

4,690

2,049

103.42,34744.8

655.8625. 7556.2544.299.581.5

27, 89010, 57017, 320

41,28739, 278

4,8642,916

549

548. 141.678.6

4, 7763,1241, 652

2,9631,8721, 091

31, 97714, 75817,219

20265

1,6629.4

3,3572,6193,035

3,7382,883

13,96511,0435,6461,546

3,829

1,803

82.11,82427.6

556.4527. 3461.9450. 294.577.1

22, 4449,489

12, 955

24, 86024, 076

4,2632,650

462

487 931.676.6

2, 6551,5721,083

2,5671,600

967

13, 4624,6168, 846

17202

1,6078.8

60.41,31731.5

243. 5224.2172.8168.4

70.755.7

20, 9003, 577

17. 323

19, 78719, 673

4,8663,022

405

470.635.182.0

2,4031, 676

727

1,4521,389

63

9,8314,7165,115

21260

1,6249.5

3,5252,7083 115

3,6352, 860

14,07711 1835,7721,414

4.063

1,754

61.51,34025.4

451. 4426. 6367.4359.8

84. 166.8

17,4165, 910

11,506

22, 52122, 127

4,3792,785

245

370.533.374.6

2.8112^125

686

3,1431,2801,863

10, 2103,9186,292

14246

1.6219.4

79.91 78111.4

638.3608.3545. 1529.493. 178. 9

19,6829,200

10, 482

28, 85428, 344

5,3723,656

272

549.632.582.9

1,908] 205

703

2,086944

1,142

10, 3733 6426,731

7239

1,6149. 1

72.51,457

17.9

754.6722. 3646.9627.7107.794.6

22, 63112, 6589,973

26, 48826, 005

5,1713,525

334

557.928.981.6

2,5131,726

787

4,1093,479

630

11,9845, 4056,579

0239

1,6139.0

3 7263,0643 396

3, 8563,004

13,96511 0435, 6461,546

3,829

1,803

83.61,770

19 2

759. 5720.5646. 7631. 1112.889.4

21. 49713, 2348, 263

33, 30532, 395

4,7553,375

233

525 724 279.0

1,9401,066

874

5,7102 7932 917

15, 7617,1348,627

0264

1 6078.8

87.81 72626.4

711.0684.2610.9595. 9100. 188.3

20,11711,7998,318

32, 30531,337

5,4843,845

738

506 226.476.7

2,1281,250

878

5,3362,7292,607

19,0118,611

10, 400

0264

1 6048 9

109. 12 04560. 1

628.6603.7533.6518.595.085.2

17, 58010. 2217,359

37, 69536, 527

5, 2953, 577

719

473 324. 570. 9

2,6901,772

918

1,4661,127

339

17, 7377,9709,767

0264

1 6008.8

3 1992,5522 868

3,8753,037

13 34410 5685 2131, 504

3 794

1, 670

77.61 74743.9

713.9685 3605. 8588.5108.196 8

21,81812,1409,678

36, 34435, 038

6,3934,543

456

591 729 489.2

4 0773 0761,001

1.5571,500

57

15, 2656 441», 824

5259

1 5988.5

111.22 511

40.8

719. 6687. 8614.3594.8105. 393 0

23, 71915, 2048,515

32. 60731,326

f 5, 934r 3, 994

496

635 031 196.0

3,4211, 6771, 744

2, 4501,4371,013

14, 2446,1528,092

24235

1,5948.4

121. 22 34531.6

786.2756. 7673. 5656. 6112.7100. 1

22, 06511,88210,183

32, 33531,189

6,3914,217

393

643 529 494.6

3, 7581 9091,849

3,2902,855

435

13,7787,1006,678

72175

1,5888.3

3 5122, 6633 021

4,0163, 060

12, 84010 1715, 1271,476

3,491

1,644

92.41,915

11.4

678.2651.2569. 2555.0109.096.2

22, 39410, 89511, 499

30, 55129, 477

5,7213,442

228

601 928 789.9

3,9112 2191,692

3 4112,2941 117

13, 2747 1716, 103

50163

1 5828.2

77.9r 1. 395

17.1

687.7663.9587. 1575. 4100.788. 5

16, 8607,8039,057

27, 73527, 179

4,9993,014

944

613.630.590.8

3, 1812,289

892r3,109r 1.641

1, 468

13. 1926, 5166,676

45120

1 5778 4

88.31, 40010.4

299.2282 0218.6213 280.668 8

15,7655,9409.825

19, 39418. 977

5, 4623,3101,353

540 227 694.9

3, 5412 2051,336

2 7961,7101 086

12,4296 0036,426

25134

1 5738 6

2 556. 5

2471.2

285.3

r Revised. J Data cover 5 weeks. 2 Preliminary estimate of production.fSee corresponding note, p. S-39.t Scattered revisions for 1959-60 are available upon request.AEfTective with the Tan. 1962 SURVEY, the qtrly. data reflect an expanded survey and

include companies developing, producing, assembling, etc., complete missiles and spacevehicles (and engines or propulsion units). Comparable data prior to Dec. 31, 1900, arenot available.

fRevisions for 1960-Mar. 1901 are available upon request.9 Total includes backlog for nonrelated products and services and basic research.01)ata include military-type planes shipped to foreign governments.cf Data cover complete units, chassis, and bodies.OCourtesy of R. L. Polk & Co.; republication prohibited.§ Excludes railroad-owned private refrigerator cars and private line ears.

INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40

SECTIONS

General:Business indicators 1-7Commodity prices 7, 8Construction and real estate 9, 10Domestic trade 10-12

Employment and population 12-16Finance 16-21Foreign trade of the United States 21-23Transportation and communications 23, 24

Industry:Chemicals and allied products 24, 25Electric power and g&s 26Food and kindred products; tobacco 26-30Leather and products 30, 31

Lumber and manufactures 31Metals and manufactures 3 2-34Petroleum, coal, and products 35, 36Pulp, paper, and paper products 36, 37

Rubber and rubber products 37Stone, clay, and glass products 38Textile products 38-40Transportation equipment 40

INDIVIDUAL SERIESAdvertising 10, 11,16Aerospace vehicles 40Agricultural loans 16Aircraft and parts 3, 13-15,40Airline operations 23Alcohol, denatured and ethyl 25Alcoholic beverages 8, 10, 26Aluminum 33Apparel 1, 3, 4, 7, 8, 10-15, 38Asphalt and tar products 35, 36Automobiles, e tc___ 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40

Balance of international payments 2Banking 16, 17Barley 27Barrels and drums 33Battery shipments 34Beef and veal 28Beverages 4, 8, 10, 26Blast furnaces, steel works, etc 13-15Bonds, outstanding, issued, prices, sales,

yields 18-20Brass and bronze 33Brick 38Broker's balances 20Building and construction materials. 8-10, 31, 36, 38Building costs 9, 10Business incorporations (new), failures 7Business population 2Business sales and inventories 4, 5Butter 27

Cans (tinplate) 33Carloadings 23, 24Cattle and calves 28Cement and concrete products 8-10, 38Cereal and bakery products 8Chain-store sales, firms w'th 4 or more and 11

or more stores 12Cheese 27Chemicals 4-6, 8, 13-15, 19, 22, 24, 25Cigarettes and cigars 8, 10, 30Civilian employees, Federal 14Clay products 8, 38Coal 4,8,13-15,22-24,35Cocoa 23, 29Coffee 23, 29Coke 23, 24, 35Communications 13-15, 19, 20, 24Confectionery, sales 29Construction:

Contracts 9Costs 9, 10Employment, hours, earnings, wages 13-16Highways and roads 9, 10Housing starts 9New construction put in place 1, 2, 9

Consumer credit 17, 18Consumer expenditures 1, 2Consumer goods output, index 3, 4Consumer price index 7Copper 23,33Corn 27Cost of living (see Consumer price index) 7Cotton, raw and manufactures 7, 8, 21, 22, 39Cottonseed cake and meal and oil 30Credit, short- and intermediate-term 17, 18Crops 3, 7, 27, 28, 30, 39Crude oil and natural gas 4, 13-15,35Currency in circulation 19

Dairy products 3, 7, 27Debits, bank 16Debt, U.S. Government 18Department stores 11, 12, 17Deposits, bank 16, 17, 19Disputes, industrial 16Distilled spirits 26Dividend payments, rates, and yields 3,18-21Drug stores, sales 11,12

Earnings, weekly and hourly 14-16Eating and drinking places H, 12Eggs and poultry 3, 7, 29Electric power 4, 8, 26Electrical machinery and equipment 3,

5,6,13-15,19,22,34Employment estimates.___ 12-14Employment Service activities 16Expenditures, U.S. Government 18Explosives 25Exports (see also individual commodities) 1,

2,21,22Express operations 23

Failures, industrial and commercial 7Fans and blowers 34Farm income, marketings, and prices 1, 3, 7Farm wages 16Fats and oils 8, 29, 30Federal Government finance 18Federal Reserve banks, condition of 16Federal Reserve reporting member banks 17Fertilizers 8, 25Fire losses 10Fish oils and fish 29Flooring, hardwood 31Flour, wheat 28Food products.__ 4-8, 10, 11, 13-15, 19, 22, 23, 27-30Foreclosures, real estate 10Foreign trade 21-23Foundry equipment 34Freight carloadings 23, 24Freight cars (equipment) 4, 40Fruits and vegetables 7, 8, 22Fuel oil 35,36Fuels 4, 8, 35, 36Furnaces 34Furniture 3, 4, 8, 10-15, 17Furs 23

Gas, output, prices, sales, revenues 4, 8, 26Gasoline 1, 35, 36Glass and products 38Glycerin 25Gold 2, 19Grains and products 7, 8, 22-24, 27, 28Grocery stores 11, 12Gross national product 1, 2Gross private domestic investment 1, 2Gypsum and products 8, 38

Hardware stores 11Heating equipment 8,34Hides and skins 8, 30Highways and roads 9, 10Hogs 28Home Loan banks, loans outstanding 10Home mortgages 10Hosiery 38Hotels 14,15, 24Hours of work per week 14Housefurnishings 1, 4, 7, 8, 10-12Household appliances and radios 4, 8, 11, 34Housing starts 9

Imports (see also individual commodities)__ 1, 21-23Income, personal 2, 3Income and employment tax receipts 18Industrial production indexes:

By industry 3, 4By market grouping 3, 4

Installment credit 12,17, 18Installment sales, department stores 12Instruments and related products 3, 13-15Insulating materials 34Insurance, life 18,19Interest and money rates 17Inventories, manufacturers' and trade 4-6, 11, 12Inventory-sales ratios 5Iron and steel 3, 5, 6, 8,10,19, 22, 23, 32, 33

Labor advertising index, disputes, turnover 16Labor force 12Lamb and mutton 28Lard 28Lead 33Leather and products 3, 8, 13-15, 30, 31Life insurance 18, 19Linseed oil 30Livestock 3, 7,8, 24,28Loans, real estate, agricultural, bank, brokers'

(see also Consumer credit) 10, 16, 17, 20Lubricants 35, 36Lumber and products 3, 5, 6, 8, 10-15, 19, 31

Machine tools 34Machinery 3,5,6,8, 13-15, 19,22,34Mailorder houses, sales 11Manmade fibers and manufactures 8,39Manufacturers' sales, inventories, orders 4-6Manufacturing employment, production work-

ers, payrolls, hours, earnings 13-15Manufacturing production indexes 3,4Margarine 29Meats and meat packing 3, 7, 28Medical and personal care 7Metals 4-6, 8, 13-15, 19, 23, 32-34Milk 27Mining and minerals 2-4,8, 13-15,19, 20Monetary statistics 19Money supply 19Mortgage applications, loans 10, 16, 17Motor carriers 23Motor vehicles 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40Motors and generators 34

National defense expenditures 1,18National income and product 1, 2National parks, visits 24Newsprint 23, 37New York Stock Exchange, selected data 20, 21Nonferrous metals 8,19, 23, 33, 34Noninstallment credit 17Oats 27Oil burners 34Oils and fats 8, 29, 30Orders, new and unfilled, manufacturers' 6Ordnance 13-15

Paint and paint materials 8, 25Panama Canal traffic 24Paper and products and pulp 3,

5,6,8,13-15,19,23,36,37Parity ratio 7Passports issued 24Payrolls, indexes 14Personal consumption expenditures 1, 2Personal income 2, 3Petroleum and products 4-6,

8, 11, 13-15, 19, 22, 23, 35, 36Pig iron 32Plant and equipment expenditures 2, 20Plastics and resin materials 25Plywood 31Population 12Pork 28Postal savings 17Poultry arid eggs 3, 7, 29Prices (see also individual commodities) 7, 8Printing and publishing 4, 13-15Profits, corporate 1,19Public utilities 2-4, 7-9, 13-15, 18-21Pullman Company 24Pulp and pulpwood 36Purchasing power of the dollar 8

Radiators and convectors 34Radio and television 4, 8, 10,11, 34Railroads 2, 13, 14, 16, 18-21, 23, 24,40Railways (local) and bus lines 13-15, 23Rayon and acetate 39Real estate 10,17, 18Receipts, U.S. Government 18Recreation 7Refrigerators and home freezers 34Rent (housing) 7Retail trade 4, 5, 7, 9, 11-15, 17Rice 27Roofing and siding, asphalt 36Rubber and products 4-6, 8, 13-15, 23, 37Rye 27Saving, personal 2Savings deposits 17Securities issued 19, 20Services 1, 2, 13-15Sheep and lambs 28Shoes and other footwear. 1, 8, 11, 12, 31Silk, prices, imports, production 8,39Silver 19Soybean cake and meal and oil 30Spindle activity, cotton 39Steel ingots and steel manufactures 32, 33Steel scrap 32Stock prices, earnings, sales, etc 20, 21Stocks, department stores 12Stone, clay, and glass products 3-6,

8, 13-15, 19, 38Stoves and ranges 34Sugar 23, 29Sulfur 25Sulfuric acid 25Superphosphate 25Tea imports 29Telephone, telegraph, cable, and radiotele-

graph carriers 13-15, 19, 20, 24Television and radio 4, 8, 10, 11, 34Textiles and products.- 3, 5, 6, 8, 13-15, 19, 22, 38-40Tin 23, 33Tires and inner tubes 8, 11, 12, 37Tobacco and manufactures 4-8, 10, 13-15, 30Tractors 22, 34Trade (manufacturing, wholesale, and re-

tail) 4-6, 11, 12Transit lines, local 23Transportation 1, 2, 7, 23, 24Transportation equipment 3-6,13-15,19,40Travel 23, 24Truck trailers 40Trucks (industrial, motor) 34,40

Unemployment and insurance 12, 16U.S. Government bonds 16-18, 20U.S. Government finance 18Utilities.... 2-4, 9, 13-15, 18-21, 26

Vacuum cleaners 34Variety stores 11, 12Vegetable oils 29,30Vegetables and fruits 7,8, 22Vessels cleared in foreign trade 24Veterans' benefits 16, 18

Wages and salaries 1, 3,14-16Washers 34Water heaters 34Waterway traffic 24Wheat and wheat flour 28Wholesale price indexes. 8Wholesale trade... 4, 5, 12Wood pulp 36Wool and wool manufactures 7, 8, 23, 40

Zinc « 33, 34

UNITED STATESGOVERNMENT PRINTING OFFICEDIVISION OF PUBLIC DOCUMENTS

WASHINGTON 25, D.C.

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The Office of Business Economics announces

Foreign Business Investmentsin the United States

A full-scale study of direct investments by foreignersin U.S. business enterprises, detailing the postwargrowth of these holdings, now valued at over $71/2billion.New benchmarks and time series are provided fordata on capital flows and earnings entering thebalance of payments accounts, and additional dataare given showing the operations of the enterprisesand their financial structure.Data are provided for each major country holdingsuch investments, subdivided into industries andtypes of organization.Within the 58-page volume the findings are dis-cussed in a concise but comprehensive analysis,supplemented by 16 charts and 24 tables giving thedetailed statistical results.

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