Full text of Survey of Current Business : April 1957
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- " •'*•£> v . .rf^l U. S. DEPARTMENT OF COMMERCE OFFICE OF BUSINESS ECONOMICS SURVEY OF CURRENT BUSINESS DEPARTMENT OF COMMERCE FIELD SERVICE No. 4 APRIL 1957 Albuquerque, N. Mex. 321 Post Office Bldg. Memphis 3, Term. 22 North Front St. Atlanta 3, Ga. 66 Luckie St. NW. Miami 32, Fla. 300 NE. First Ave. Boston 9, Mass. U.S. Post Office and Courthouse Bldg. Minneapolis 2, Minn. 2d Ave. South and 3d St. Buffalo 3, N, Y. 117ElHcottSt. Charleston 4, S. C. Area 2, Sergeant Jasper Bldg. PAGE 1 3 THE BUSINESS SITUATION Recent Financial Developments * * * Cleveland 14, Ohio 1100 Chester Are. A New Look at Production Growth Rates 5 Government Foreign Assistance in 1956 13 Service Due on Credits Tlirough 1962 * 17 Dallas 1, Tex. 3-104 Merchandise Man 500 South Ervay St. Denver 2, Colo. 142 New Customhouse Detroit 26, Mich. 438 Federal Bldg. * MONTHLY BUSINESS STATISTICS..... S-l to S-40 New or Revised Statistical Series 20 Statistical Index Chicago 6, III. 226 W. Jackson Blvd. Cincinnati 2, Ohio 442 U.S. Post Office and Courthouse SPECIAL ARTICLES * Cheyenne, Wyo. 307 Federal Office Bldg. Inside back cover Greensboro, N. C. 407 U, S. Post Office Bldg. Houston 2, Tex. 430 Lamar Are. Jacksonville 1, Fla. 311 W. Monroe St. Kansas City 6, Mo. 911 Walnut St. Los Angeles 15, Calif. 1031 S. Broadway Published by the U. S. Department of Commerce, SINCLAIR WEEKS, Secretary. Office of Business Economics, M* JOSEPH MEEHAN, Director. Subscription price, iriduding weekly-statistical supplement, is $4.00 a years foreign mailings $5.75. Single copy, SO cents. Send remittances to any Department of Commerce Field Office or to the Superintendent of Documents, United States Government Printm^Qflice, Washington 25, D. C. Special subscription arrangements, including changes of address^ should be Made directly tvith the Superintendent of Documents. Make checks payable to Superintendent of Documents. New Orleans 12, La. 333 St. Charles Ave. New York 17, N. Y. 110 E. 45th St. Philadelphia 7, Pa. 1015 Chestnut St. Phoenix, Am. 137 N. Second Ave. Pittsburgh 22* Pa. 107 Sixth St. Portland 4, Oreg. 520 SW. Morrison St. Reno,Nev. 1479 Wells Ave. Richmond 19, Va. 1103 East Mam St. St. Louis 1, Mo. 1114 Market St. Salt Lake City 1, Utah 222 SW. Temple St. San Francisco 11, Calif. 555 Battery St. Savannah, Ga. 125-29 Bull St. Seattle 4, Wash. 909 First Ave. For local telephone listing, consult section devoted to U. S. Government APRIL 1957 By the Office of Business Economics B. BUSINESS as a whole has maintained a high rate in the recent period, notwithstanding cross-currents that have affected particular segments of the economy. A record flow of personal income continues as a strong and pervasive element in the current situation. Employment in March was at a new high for the month. Seasonally adjusted, the number of employees in nonfarm establishments changed little from February to March, continuing the pattern of relative stability in evidence since last fall. Nonfarm employment is currently about 1 million higher than a year ago, with most of the increase occurring in the nonmanufacturing sector. Job totals are up from a year ago in all major groups of nonmanufacturing industries. In manufacturing, seasonally adjusted employment has eased in recent months with an accompanying reduction in the length of the workweek. Employment changes in most major groups have been confined to narrow limits, and the overall total is still somewhat higher than a year ago. In the main, the moderate rise in factory employment since March 1956 has centered in the machinery groups and transportation equipment other than autos—partly offset by further sizable decreases in both the lumber and textile industries. In the other major manufacturing industries employment in March was little different from the same month of 1956. Supported by high employment and rising wage rates, the flow of income to individuals continued upward throughout the first quarter of this year. Personal income attained an annual rate of $337 % billion in March, up $4 billion from the last quarter of 1956 and $19 billion, or 6 percent, from March a year ago. Most sources of income have contributed to the general advance in recent months. Selected Business Indicators in Constant Dollars BILLIONS OF 1947-49 DOLLARS 28 24 PERSONAL INCOME 20 16 RETAIL STORE SALES^ 12 CONSUMER SERVICES (monthly average for quarter) e 4 1.4 CONSTRUCTION ACTIVITY 1.2 PRIVA TE RESIDENTIAL Inonform) 1.0 -^ "• PRIVATE NONRESIDENTIAL {nonfarm) M i I I I I I I I i I I I i I I I I I I I I 11 I 11 I I I i I I I I i i l I i 1 I i 1 1 I I I 1 i n I i t i i l 3.5 3.0 2.5 2.0 1.5 SALES OF MACHINERY MANUFACTURING COMPANIES 1 I 1 I I t I I I I I I M M 1 I I I I I 1 I I I I I I T I t M I II I II I I I I I I I I I I I I I I I I I I I 1953 1954 1955 1956 1957 S E A S O N A L L Y ADJUSTED Basic data: Census Bur.-, BOSA a BLS; and QBE U. S. Department of Conmnerce, Office of Business Economics 4,21506°—57- 5 7 - 10 -1 Business sales at record level Business sales in the early part of this year were also at an all-time high. Seasonally adjusted sales in manufacturing and trade totaled $56% billion in both January and February—up $1 billion from the fourth quarter average, although the increase mostly reflected higher prices. For retail trade, the advance report for March indicates a small decline in seasonally adjusted sales, concentrated in durablegoods stores. In manufacturing, February sales were 5 percent above the year-ago total, with higher prices the major factor in the increase. Manufacturers' new orders, seasonally adjusted, were down moderately in February, and there also was a slight reduction in unfilled orders. Factory backlogs have exhibited only minor change since last fall, and at the end of February, totaling $62 billion, were nearly $5 billion larger than a year earlier. SUKVEY OF CUEEENT BUSINESS Aggregate demand high The pattern of overall demand for national output in the first quarter of 1957 featured a continued expansion in final purchases of goods and services and a sharp reduction in the rate of business inventory accumulation. Under the stimulus of higher incomes, consumer spending for goods and services advanced to a new record rate. Purchases by Federal and State and local governments also increased in the first quarter. Investment in fixed assets was approximately stable, reflecting a peak rate of plant and equipment outlays and a further decline in residential building. Expansion of final demand in the recent period was offset to a large extent by the curtailment in business inventories. Inventory accumulation, which had proceeded at a seasonally adjusted annual rate of about $4 billion during most of 1956 virtually came to a halt in the first 2 months of 1957. Book value increases which occurred in January and February were moderate, and were ascribable to higher replacement costs rather than to a rise in the physical volume of stocks. April 1957 by food, petroleum, and textile producers. Overall, the inventory rise for nondurable-goods industries accounted for three-fifths of the aggregate manufacturing book value rise in early 1957, as against one-third in 1956. The stock-sales ratios for nondurable-goods producers in February werg| about the same as a year ago, although down somewhat from last summer. Steel output rate eases The volume of industrial output so far this year has held close to the fourth quarter high. Significant recent developments include an easing in steel operations. Production of steel, after holding relatively steady at about 97 percent of rated capacity throughout January and February, has been declining moderately in recent weeks, partly because of lower demands from mo tor-vehicle producers as well as some cutbacks in household durable-goods output. Steel operations in the first week of April were scheduled at 90 percent of capacity. For the first 3 months as a whole, the steel industry turned out 31.6 million tons of ingots and castings. This was 2 percent below the record volume of the fourth quarter of 1956. Inventory book value changes Manufacturing and trade firms held $87 billion in inventories at the end of 1956—a book value increase of $6% billion over a year earlier. In contrast to this monthly average rise of more than $500 million, the seasonally adjusted increase in book values during January and February of this year was about $200 million in each month. On balance, these recent increases—as well as most of last year's rise—occurred among manufacturing firms; changes in wholesalers' and retailers' stocks were minor and divergent. In the retailing sector, however, continuing increases in motor vehicle dealers' stocks during January and February—roughly $300 million—offset declines at most other major types of stores. After allowance for seasonal factors, the February inventory rise in manufacturing amounted to $300 million, following small increases in the previous 2 months. The $100 million monthly average rise in these recent months compares with a book value increase of $500 million per month during most of 1956. For the most part, the reduction in rate of manufacturing inventory accumulation as compared with 1956 centered in the durable-goods sector. As a result of a moderate improvement in sales and the slackened rate of inventory rise, durable-goods manufacturers' stock-sales ratios have been lowered slightly from last fall—although they are still above a year ago. The most significant recent changes in inventory trends among the durable-goods industries occurred in the electrical machinery, motor vehicles, fabricated metals, and "other" durable-goods areas. In these industries last year's increases have given way to minor reductions in book values. In the primary metals, nonelectrical machinery, and aircraft industries, however, there has been little deviation from the steady uptrend in inventories which characterized 1956. During 1956, it may be noted, these groups accounted for four-fifths of the $7 billion increase in unfilled orders. All three groups have reduced only slightly their large volume of unfilled orders thus far this year. In the soft-goods area, chemicals and tobacco companies reported inventory accumulations in the opening months of this year that were larger than the averages for 1956. These movements about offset the effects of the shift from accumulations in 1956 to small liquidations of inventories this year Passenger car sales and production The number of new passenger cars sold in the first quarter of 1957 was moderately less than in the corresponding period of 1956. Production, however, was up a little from a year ago. It averaged about 140,000 vehicles weekly until near the end of March, when the rate of assemblies was reduced in order to adjust inventories. Stocks of new cars rose substantially in the first quarter of this year, in large part because of seasonal influences. At the end of March, stocks of new cars in the hands of dealers were equivalent to about \% months' sales. The combination of a reduction in assemblies and a seasonal rise in sales during March slowed the buildup in stocks, and they remained considerably lower than a year earlier. Prices of new cars were increased with the introduction of the 1957 models last fall. With the higher prices fairly well maintained, dollar sales in the first quarter of 1957 were somewhat above the same period of last year. In the final quarter of 1956, the value of automotive output rose sharply over the reduced third quarter total, accounting for more than half of the increase in gross national product during the period. Continued high activity in the automobile industry helped support the level of national production in the first quarter of 1957 as a whole. Recent price developments Consumer prices continued their upward trend into the opening months of this year. The February increase of five-tenths of a point—extending the consumer price index to 118.7 (1947-49 = 100)—reflected higher prices for nearly all major groups of goods and services. This latest rise placed the general index 3% percent above a year ago. In wholesale markets, some tapering tendencies in prices developed in February and March, with the result that the all-commodity index remained virtually unchanged fr^i January at about 117 percent of the 1947-49 average. Tms overall stability reflected offsetting movements in some of the broad commodity groups and virtually unchanged quotations in others. Where increases continued they were much less pronounced than in earlier months. Wholesale prices of crude materials in March were down SUKVEY OF CUEEENT BUSINESS April 1957 moderately from the start of the year. This was true also of finished food products, while for other broad groups of producer and consumer finished goods generally small increases occurred. Average wholesale prices of intermediate products—the remaining broad economic sector— did not change appreciably from January to March. Recent Financial Developments DEMANDS for capital funds continued in heavy volume in the first quarter of this year. However, the rising trend in interest rates which was a feature of financial developments last year was arrested around the turn of the year, and some declines, in part seasonal, have occurred in the most recent period. New Treasury 3-month bills were sold recently at slightly in excess of 3 percent, down about two-tenths of a percentage point from the high December average; the rate remained above that for any prior month in 1956 and about seventenths of a point above a year ago. The recent fall-off in the Bill rate from the December peak was about the same as last year's decline in the corresponding period. There has been virtually no change in the interest rate on prime commercial paper since last September, with the rate in New York holding steady at 3% percent. Longer-term rates as reflected in corporate bond yields also held steady in the early months of this year, while yields on long-term U. S. securities are down a little from their 1956 highs. The recent steadiness of corporate bond yields accompanied an exceptionally large volume of new issues floated in the opening months of the year. Security flotations at new high Preliminary indications point to a new high quarterly total of corporate security flotations in the first three months of 1957, with the volume of new money issues in excess of the $3 billion record sales in the final quarter of last year, and about 50 percent above the flotation rate in the opening months of 1956. While bond issues accounted for by far the major portion of recent flotations, it appears that there has been some pickup in new equities issues. In the last 6 months stock issues accounted for 30 percent of total new money flotations. This compares with a ratio of less than one-fourth in the preceding 12-month period. 1957 financing plans A recent Securities and Exchange Commission survey of 1957 financing plans of manufacturers and utilities indicated that utility companies, which normally finance the major share of their capital requirements through outside sources, are considering plans to increase substantially their demands on the long-term capital markets in 1957. According to the survey, sales of utility securities may go over $3K billion this year, about $1 billion, or two-fifths higher than in 1956. ^is projected rise is concentrated in debt issues. In addition, utilities also indicated that they would increase their use of long-term bank funds in 1957. As reported in last month's SURVEY, utility firms are anticipating a further increase in their plant and equipment outlays as a renewed capital expansion program gets under way. Projected outlays in 1957 were placed at more than $6 billion, almost one-fourth above 1956. Manufacturers were considering plans for flotations this year which were slightly lower than the enlarged volume in 1956. These concerns also reported plans to raise a somewhat reduced amount of new long-term financing from the banking system. It may be noted that security issues by the manufacturing industry were fairly high in the closing months of 1956, and in all probability some of the proceeds of these issues would be available for spending in 1957. As reported in the plant and equipment survey, anticipated capital outlays of manufacturers in 1957 have been programed to total above the outlays in 1956; and the realization of such a program might suggest that reported financing plans may be revised upward—unless, of course, sufficient funds are generated from internal resources. It should be noted that manufacturers, in contrast to utilities, depend to a considerable extent on internal funds for their expansion programs. Bank borrowing slackened Trends in bank borrowing by business concerns suggest a tapering in the use of bank funds in early 1957. The net increase in commercial bank loans to business amounted to about $K billion in the first 3 months of the year, in contrast to an expansion of $1.3 billion in the same period a year ago. (See chart.) There is usually a substantial liquidation of bank debt by business firms after the turn of the year, followed in recent years by a fairly substantial increase in early March to meet Federal tax payment needs. The net liquidation of this debt in early 1957 roughly followed the seasonal pattern, and was considerably greater than a year ago. March borrowing was again high, although not so great as in 1956. The moderated pace of 1957 bank borrowing appears to have been general among major industries. Net borrowing by manufacturing and mining concerns at leading city banks amounted to about $% billion in the first quarter, one-half the rate of expansion in early 1956. Public utilities also increased their bank debt moderately, but at about one-half the early 1956 pace. Trade firms and commodity dealers reduced bank indebtedness. In the former case, loans had expanded in early 1956, while in the latter case, the liquidation this year was considerably greater than a year ago. Of the major industry groups for which loan data are available, only the finance group expanded its borrowing this year in contrast to a year ago, when these firms were repaying outstanding bank debt. Consumer debt rise continues Individuals were continuing to add to their indebtedness in the opening months of this year, after allowing for seasonal SUEVEY OF CURRENT BUSINESS influences. Consumer short- and intermediate-term credit outstanding amounted to $40 % billion at the end of February. While both installment credit and other credit were off from the high at the end of 1956, the decline in the installment category was less than normal for this time of year. After adjustment for seasonal variations, consumer installment debt increased in recent months at an annual rate of $2% billion, equalling the rate of expansion during the year 1956 but well below the $5% billion rate of the preceding year. The moderated pace of installment borrowing in the past year reflected primarily the lower sales volume of new automobiles. The tendency toward greater use of credit in automobile purchases has slackened notably in recent months. This is illustrated in the the following Federal Reserve Board estimates of the proportion of new cars sold on credit in recent years. Two noteworthy points stand out in these figures. First, it will be seen that there is a distinct seasonal pattern in credit sales which tend to rise steadily over the "model" year reaching a high during the change-over period and dropping back to a relative low when new cars are being introduced. This pattern was repeated in the three full years shown above, and appears to be in process of repetition in the current year. Second, there was a steady year-to-year rise in the proportion of credit sales in 1955 and in most of 1956, with the credit share reaching what was probably an all-time high in last fall's change-over period. Significantly for the past April 1957 Credit Sales of New Passenger Cars as a Percent of Total Number Sold at Retail January February March April _ _ _ _ _ _ May June _ July August September October November. December ___ 1954 1955 1956 54 48 50 48 50 55 64 65 67 71 64 52 52 52 56 54 58 65 66 72 67 76 65 62 64 61 62 67 67 67 74 76 82 80 65 59 Nonautomotive time purchases up Time purchasing of consumer durables other than automobiles has continued upward fairly steadily over the past two years, maintaining roughly the same pace as total purchases of these goods. After adjusting for seasonal influences, it appears that this rate of increase was continued in the opening months of this year. (Continued on page 19) BILLIONS OF DOLLARS BILLIONS OF DOLLAR^ 4 8 CORPORATE SECURITY ISSUES (NEW MONEY) NONFARM MORTGAGE RECORDINGS ($20,000 OR LESS) 4 II INSTALLMENT CREDIT CHANGE IN BUSINESS BANK LOANS DURING THE QUARTER 10 EXTENSIONS REPAYMENTS 1953 Illlllll. 1954 t Adjusted for seasonal variation 1955 1956 1957* * First quarter of 1957estimatedby OB£ U. S. Department of Commerce, Office of Business Economics It 58 4 months the credit sales percentages have shown no tendency to rise; indeed, on balance, they appear to have been somewhat below the year-before ratios. Demands for Capital Market Funds I 1957 6 w J 1953 1954 1955 1956 , 1957* Data: FRB.SEC.a HLBB 57-10-4 by Francis L. Hirt A New Look at Production Growth Rates jLJUBING the postwar decade the national economy has shown vigorous growth, with the volume of the Nation's output of goods and services—as measured by the gross national product in real terms—up more than two-fifths. This large rise is a composite of widely varying rates of growth among the different products and1 services. The pattern was illustrated in an earlier article and this review brings that analysis up to date, evaluates the production shifts and developments that have occurred among the major product groups over the more recent period in relation to trends, and incorporates production data on a number of products and industries not included in the 1953 review. Two basic limitations of this study should be recognized. First, the products selected reflect illustrative cases and cover only a relatively small fraction of the total number of items produced in the economy. However, the items selected cover substantial parts of manufacturing, mining, and the service industries. Second, there are numerous cases for which data are not available and consequently there is undercoverage and lack of representation in subgroups. This is particularly true of many of the machinery industries where new product development in the postwar years has been marked. In order to analyze the divergent rates of growth, and the variety of patterns in the market life of the individual products, it is useful to classify them on the basis of their trend characteristics over the long as well as the short term. Basis of analysis Production data were compiled for 288 products and services through 1956, going back wherever possible to 1929. The list of products, which includes for the most part all of those in the table in the previous review, is more comprehensive both in terms of representation by major industries and in terms of end use. Despite this fact, it should be reemphasized that many industries and products—new and old—have not been covered because of lack of physical quantity data or for other reasons. For example, such new lines as electronic components and parts, automatic controls, scientific, measuring, and controlling devices, newly designed products made from plastics and aluminum and the field opening up through the utilization of atomic energy have been omitted. Similarly, this lack of physical quantity data applies to some well-established products, notably items of machinery and instruments. All of the 20 major industry groups under the Standard 1. See SURVEY OF CURRENT BUSINESS, January 1953, "Growth Trends in the Economy." NOTE: MR. HIRT IS A MEMBER OF THE CURRENT BUSINESS ANALYSIS DIVISION, OFFICE OF BUSINESS ECONOMICS. Industrial Classification are represented, ranging from 2 products, the smallest number, for printing and publishing to over 50 items in the chemical group, with most other categories numbering 4 or more. It should be pointed out that in a few instances production totals for an entire group of products, such as plastics and resin materials and paper and board, are shown in the table even though some of the individual products within the group are also reported separately. It is estimated that the combined weight, in terms of the value added, of the approximately 270 manufactured products included in the list account for roughly three-fifths of the total weight of the Federal Reserve industrial production index. For the purpose of this analysis, the items were classified into 3 broad groups on the basis of the output change from 1929 to 1955. (1) Fast-growing, defined as those having an average rate of growth of 7% percent or more per year, a rate 2% times that of the overall national output average; (2) moderately growing, or those with growth rates up to 7% percent per year; and (3) declining products. The division has to be arbitrary to a degree, but we believe it to be a reasonable one. The actual percentages in the table should not be interpreted too literally for the reason they are influenced by year selected as the starting point in calculating the average annual rate of growth. This classification differs from that used in the January 1953 article where the products were classified on the basis of the change in output from 1940 to 1951. However, the common items in the two lists fall, in general, within the same broad range of percentage changes. The diversity of production trends for individual commodities and services—new and old-established lines—can be seen in the table. The items are grouped according to the order of the 2annual rate of change in output from 1929 through 1955. About one-third are fast-growing, one-half are moderately growing, and one-sixth are declining. The two accompanying charts illustrate the differential movements. It may be observed that changes in production, even when expressed in terms of physical units, do not necessarily indicate for some products their full measure of real growth. Certain machinery products illustrate this point. For example, one unit of heavy earth-moving equipment of today, which in a sense is a new product, represents a combination of 2 or 3 separate machines in use for the same purpose in earlier periods. Moreover, production indexes as measured make no allowance for quality changes, which have been substantial in many cases. 2. It should be noted that the rate of change was computed for old-established products from 1929 or the first year production data became available; for products introduced in the past 25 years or so, from the year output was first produced in significant volume. Rates of growth for the individual products calculated on the basis of change in output from 1929 to 1956 would on the whole differ only slightly, if at all, from those shown in the product table. SUEVEY OF CURRENT BUSINESS 6 April 1957 Production Trends of Well-Established Products A selected group for the period, 1929-56 fast Growing Declining Products Growing At a rate less than 7~2% per annum At a rate over 7y% per annum MILLION (ratio scale) 700 MILLION (ratio scale) 7,000 6,000 5,000 MILLION (ratio scale) 7001 200 50 40 ANTHRACITE (short tonsl 30 £0 •BILLION (ratio scale) 60 50 _ PASSENGERS CARRIED , ON LOCAL TRANSIT LINES 20 NATURAL SOAP (Ibs.) .1 I i T t i t t t t i t t T i T~TTr Tn-r-rrT i i MILLION OR BILLION (ratio scale) 1,000 MILLION (ratio scale) 100 I INDEX, 1940-49 = 100 (ratio scale) 2001 SHOES AND SLIPPERS (million pairs) 500 50 40 FRACTIONAL HORSEPOWER MOTORS 400 30 300 20 200 50 COTTON-TEXTILE BAGS 40 WOMEN'S DRESSES (millions) 100 30 20 ELECTRIC POWER, UTILITY 8 INDUSTRIALS (bil.Kw.hrs.) 50 1930 35 40 45 50 55 ( t 1 T t 1 I I I I I I II I 1 1 I I I I I 1 t 11 1930 35 40 45 50 55 10 | i l I I I I I I i i i t i i i I I I I I I I I i i I 1930 35 40 45 50 55 Data: Governmental 8 private agencies U. S. Department of Commerce, Office of Business Economics 57 - 1 0 - 5 SURVEY OF CURRENT BUSINESS April 1957 Production Trends of New Products A representative group introduced during selected time periods 1929-39 1947-56 1940-46 GENERALLY P E R S I S T E N T EXPANSION MILLION POUNDS (ratio scale) 6,000 5,000 4,000 MILLION POUNDS (ratio scale) 3,000 THOUSANDS (ratio scale) 2,000 - 20,000 1,000 - 10,000 30,000 3,000 FROZEN FOODS 2,000 AUTOMATIC TRANSMISSIONS 5,000 4,000 1,000 3,000 500 400 2,000 300 1,000 200 DRYERS, ELECTRIC 3 GAS 500 400 300 50 40 200 50 40 FIBERS, SYNTHETIC EXCEPT RAYON i i i I 1/1 I i iJi i t i i t t r t t t t t t ml i t 1 I t t i t i t t l t i t t t t i t t i t i i i i LEVELING OFF OR DECLINING POUNDS OR UNITS (ratio scale) 15,000 POUNDS (ratio scale) 3,000 I THOUSANDS (ratio scale) 15,000 10,000 2,000 10,000 = ANTIBIOTICS (thousj 1,000 5,000 4,000 TELEVISION SETS 3,000 500 400 2,000 300 200 1,000 \ 500 400 300 50 40 200 30 20 I I I I f I t t I I I I I I I I I I I I t I It I II 1930 35 4C 45 50 55 1930 35 40 45 50 55 Data: Governmental and private agencies If. S. Department of Commerce, Office of Business Economics 8 SUKVEY OF CURRENT BUSINESS Characteristics of fast-growing lines The classification of fast-growing products and services contains both new and old-established lines. New products are defined arbitrarily as those introduced commercially in "reasonably large volume" for the first time in the past 25 years or so. Of necessity, judgment is involved in the application of this criterion especially with regard to the determination of what is "reasonably large volume." Some individuals may also question the inclusion of some products which are substitutes for those having a similar purpose, but the comparative figures are nonetheless of interest. In the fast-growing group there are 98 items, consisting of 43 new and 55 old-established lines. Most major industries are represented, though unevenly distributed as to number of products. For example, chemical lines number nearly 40 while apparel lines number only 3. The only major industry groups not represented in the fast-growing list are leather and printing and publishing. The 98 fast-growing products considered as a group increased at an average rate of nearly 25 percent per year with new products, as might be expected, showing a substantially higher rate of growth, nearly 40 percent per year, as compared with only 12 percent per year for the old-established lines. Again a cautionary note should be entered concerning the initial low base which is generally used for new products. Examination of the characteristics of these growth tendencies provides several general conclusions. Among the fast-growing items, new products which experienced exceptionally rapid rates of growth are for the most part still expanding though at considerably reduced rates. In general, the most rapid rates of growth occurred in the more recently developed products such as titanium and polyethylene while the less rapid growth rates were experienced by those products which have had a longer life span. Many of the old-established products in the fast-growing group are still experiencing relatively high growth rates. With some exceptions, the rate of expansion in the output of these products has shown a marked slowing down in the recent period from that of the previous years and in some cases the trend was actually reversed. In a few cases, such as ammonia, plywood, aluminum and outboard engines, the rate of increase in the recent period has been even more rapid than in the 1929-40 period. Typical fast-growing industries Chemicals and air transportation are two clear-cut examples of fast-growing industries. The chemical industry 3 has been one of the most rapidly growing among the major manufacturing industries. A feature of this expansion has been the introduction of a large number of new products, many of which it must be noted represent substitute materials. Because of this factor, there has been a wide variety of production patterns among the individual lines. This is particularly true for such product groups as antibiotics and insecticides. The net effect for the chemical industry as a whole, however, has been one of relatively steady long-term growth at a high rate. Ah* transportation, which is the fastest growing among the 14 service industries included hi the table, has shown a consistently high rate of growth, as measured in terms of passenger revenue miles flown, throughout the entire period. From 1929, when passenger travel by air was just developing 3. See SURVEY OF CURRENT BUSINESS, September 1954," Growth Characteristics of the Economy Illustrated by the Chemical Industry," for a general discussion of the chemical industry. April 1957 on a reasonably large scale, to 1940, the growth rate was over 30 percent per year. In the subsequent 11 years, 194051, the rate was about 25 percent, and in the past 5 years it still averaged as high as 16 percent per year. The record of the air transportation industry is typical of the facilities and equipment expansion required of a fastgrowing industry. Since 1929, the number of transport planes in domestic service increased nearly 3 times while seat capacity expanded 20 times—from less than 3,000 in 1929 to well over 60,000 in 1956. This expansion in operating facilities is still continuing. The industry has placed orders for more than $2 billion of the newest type jet and turbo-jet transport planes to be delivered within the next 2 or 3 years. For perspective, this is an investment considerably in excess of total operating revenues from domestic and foreign operations of about $1.9 billion collected in 1956. New products In the past 25 years, extraordinary advances have been made through research in the development and marketing of many types of new products. Business has been setting aside large amounts annually for industrial research and product development. In addition, large expenditures are being made through Government-supported programs. According to an estimate by the Research and Development Board of the Department of Defense, industry and Government together spent about $6 billion on research in 1956 alone. Both consumers and business have benefited from these expenditures. In the aggregate the new and fast-growing industries have a significant economic impact. An important factor contributing to the growth of manufacturing output has been the cumulative effect of a fairly steady flow of new products entering the market for both industrial and consumer use. Thus, air passenger and cargo transportation was reaching sizable volume in 1929; frozen foods, synthetic detergents and nylon were introduced for the first time during the mid- and late-depression years; general purpose synthetic rubber, many plastics materials, radar, and "miracle" drugs represent a few of the notable World War II contributions; the newer fibers, television sets, electronic devices and computers include some of the outstanding product achievements in the postwar period. As a group, the great majority of the new products included in the tabulation were introduced between 1939 and 1951. For ready reference, the 43 selected products classed as new in the table are shown in italics. These new products and services included in the table had an aggregate value at producers' prices of roughly $10 billion in 1955. The new products listed are for the most part limited to materials and consumer-type finished goods and are unevenly distributed among industries. A relatively high concentration of such new items is in chemical lines where product development and new production techniques have been especially noteworthy and data are at hand for measurement. Consumer durables for household and other purposes also rank high, accounting for 14 items. The remaining items are scattered among a few soft goods lines and in metals and services. Wide diversity of growth trends Growth trends of new products do not show uniform movements. Moreover, new products eventually reach a stage of maturity when the rate of output either begins to SURVEY OF CUKKENT BUSINESS April 1957 9 Table 1.—Production of Selected Products and Services for Specified Years, 1929-1956 PRODUCTION PRODUCTION Product or Service Unit of measure 1929 or first year shown belowa 1940 1951 1955 Year Quantity 1956 (preliminary) Rapidly Growing Products—Increases at an Average Annual Rate of 7l/2 Percent or Moreb 40 Percent and over Titanium sponge Power brake installations Power steering _ Antibiotics Television sets Polyethylene.. Carpets, tufted Plastic pipe Rubber or latex core mattresses. Styrene plastics and resins.. 7,397 1,777 1,841 1,572 7,757 402 43 50 ^621 14,500 1,359 1,610 1,900 7,387 558 50 65 n. a. 394 681 695 492 1,222 845 4,338 1,434 205 239 1,397 1,411 970 6,139 2,475 455 346 1,660 1,500 1,080 7,000 3,200 497 387 238 47 45 91 2,200 100 67 1,270 91 61 217 4,750 300 90 1,765 91 62 326 6,900 375 65 3,438 1,172 2,390 5,582 315 456 23 476 703 106 130 1,100 11, 600 21, 200 109 235 776 1,460 352 520 614 1,131 42 1,445 4,339 395 721 138 23,900 267 1,950 590 1,087 6 12 750 1,241 2,750 503 669 190 238 1,050 1,100 76 108 110 178 7,500 12, 125 3,200 680 228 975 128 183 13,000 39 277 2,441 3,739 3,900 2 24 104 24 132 177 143 292 155 246 _— 1929 1938 1929 1 284 1 "13 370 "10 55 2,470 n. a. 83 4,410 d 54 88 5,000 n. a. Thous. sh. tons__ 1930 1936 Mil Ibs 1929 Mil gal 1929 Mil Ibs 1 21 4 40 6 37 45 699 41 281 184 2,424 61 396 201 1,875 68 n. a. 244 1,950 Tons Thous Thous Thous Ibs Thous Mil. Ibs Mil. sq. yds Mil. lbs._ Thous 1949 1952 1952 1944 1940 1943 1951 ._ 1950 1947 25 114 229 3 1 1 6 5 34 Mil. Ibs 1939 1 2 Thous Mil. Ibs Thous. Ig. tons... Thous. Ibs . _ Mil. Ibs Mil. Ibs Mil miles 1947 1941 1939 1938 1935 1939 1929 58 6 2 9 2 2 (f) 3 56 30 5 4 30 to 40 Percent Air conditioners, room. Melamine resins Pentaerythritol Argon Shavers, electric Tape recorders for home use. Pick-up hay balers Thous Mil. Ibs Mil. Ibs Mil. cu. ft Thous Thous Thous 1939 1940 1940 1947 1932 1951 1940 9 1 1 20 10 100 2 20 to 30 Percent Diesel-electric locomotives __ Automatic transmissions Tire cord, rayon and nylon.. Polyvinyls resins DDT .___ Air revenue passenger miles. Helium Blankets, electric... Disposals, food, waste Ammonium sulfate, synthetic. Units Thous Mil. Ibs Mil Ibs Mil Ibs Mil. miles Mil cu ft Thous Thous __ _. Thous. sh. tons__ 1932 1949 1939 1939 1944 1929 1939 1946 1947 1929 4 1,270 9 14 10 51 6 200 100 6 Thous Mil Ibs Mil Ibs Thous Mil gal Mil. Ibs Mil cartons 1929 1934 1930 1946 1933 1940 1939 17 12 2 210 2 12 705 Mil. Ibs 1929 Mil. gal Mil. Ibs 1929 1940 Mil Mil. Ibs Thous Dryers, electric and gas Butadiene Rubber, synthetic Vitamins Detergents, synthetic Fibers, synthetic, ex. rayon.. Air ton-miles flown Lawn mowers, power Canned baby foods Urea resins Freezers, farm and home Xylene Perchloroethylene Paper milk containers 15 to 20 Percent Plastics and resin materials, total. Distilled spirits Coumarone-indene and petroleum polymers. Separate skirts Frozen foods AC transformer arc welders. Magnesium Plasticizers Miethanol synthetic Canned fruit juices Diesel and semi-diesel engines. Repairs, household durables. Phthalic-anhydride Trailer coaches, mobile home type. 10 to 15 Percent Waists, blouses, and shirtsGarden tractors Mixers, food Phonographs, single Kitchen cabinets, steel Space heaters, floor and wall. Acetic anhydride Formaldehyde Transparent film for packaging. Phenol, synthetic and byproducts. 495 1,286 1 5,385 85 6 15 305 12 1 1 900 2 281 35 81 22 Thous 1929 4 °19 129 152 n. a. (1940=100) 1940 100 100 669 864 907 Mil. Ibs Thous sh tons Thous. 1929 1939 1940 9 380 10 58 436 10 248 1,846 67 331 3,440 102 315 3,573 122 Mil Thous Thous Thous Thous Thous 1929 1929 1938 1940 1946 1945 5 6 338 350 1,348 166 "35 9 460 350 145 177 1,600 «322 2,672 507 170 186 3,240 2,234 4,046 558 156 n. a. 4,245 3,600 3,641 469 Mil. Ibs Mil. Ibs Mil Ibs 1933 1929 1929 58 52 25 225 181 109 977 988 347 842 1,259 525 910 1,339 583 Mil. Ibs 1929 24 96 388 517 518 1937 1929 355 165 650 465 6,411 1,767 2,767 3,163 3,105 3,337 1947 120 260 295 400 1929 1929 1929 400 143 220 7,500 1,513 2,518 7,200 2,305 3,408 9,750 2,399 3,784 Thous. Ibs Sulfa drugs Ammonia, synthetic an- Thous. sh. tons.. hydrous. Dishwashers, electric and Thous gas. Thous Clocks, electric Thous. sh. tons.. Nitric acid Thous. sh. tons.. Chlorine gas See footnotes at end of table. 2 421,506,°— 57 3,600 193 605 Product or Service Unit of measure 1929 or first year shown belowa 1940 1951 1955 Year Quantity 1956 (preliminary) Rapidly Growing Products—Increasesatan Average Annual Rate of 7l/2 Percenter More b — Con. 10 to 15 Percent— Continued Motor truck transportation. Gasoline and other carburetor engines. Cellophane Plywood softwood Aluminum, primary ingots. Still wines, withdrawals.. . Fractional h. p. motors Building board Shipping sack paper 7^ to 10 Percent Ranges, electric Rayon and acetate Cleaning and dyeing Suits, woman's Oxygen Outboard engines Acetylene Power sprayers and dusters. Cans, metal (steel consumed). Oil burners, residential Pipelines, oil AC single phase motors. _ _ Calcium carbide Fans, electric Gypsum wall board, Incl. lath. Truck trailers Repairs, passenger cars and trucks. Bil. ton-miles 1929 15 62 188 226 231 Thous 1929 323 °349 3,132 4,920 n. a. Mil. Ibs Mil. sq. ft 1929 1929 25 358 109 1,200 8263 2,866 <U70 4,897 n. a. 5,300 Thous. sh. tons.. 1929 114 206 837 1,566 1,680 Mil. wine gal Mil... Thous. sh. tons._ Thous. sh. tons.. 1929 1929 1929 1942 11 5 143 251 82 179 123 n. a. 1,269 849 136 58 1,611 829 138 n. a. 1,671 856 Thous Mil Ibs (1940=100) Mil Bil cu ft Thous Mil cu ft Thous 1929 1929 1940 1929 1929 1929 1929 1929 153 122 100 2 3 58 970 11 450 471 100 c4 5 "129 0 1,291 7 1,400 1,294 334 18 22 292 5,851 118 1,600 1,261 368 16 29 515 8,204 95 1,585 1,148 372 13 32 600 9, 254 n. a. Thous. sh. tons.. 1943 1,684 3,805 4,484 4,786 Thous 1929 102 264 702 850 751 Bil. ton-miles Thous _ Thous. sh. tons.. Thous Mil. sq. ft 1939 1929 1931 1929 1929 56 97 129 781 1,079 59 °85 314 1,789 2,039 152 n. a. 775 3,265 6,006 230 785 875 5,585 7,639 223 n. a. 1,025 6,590 7,670 Thous (1940=100) 1939 1940 24 100 27 100 67 266 78 296 72 317 oil Moderately Growing Products—Increases at an Average Annual Rate of Less Than 7% Percent b 6 to 71/2 Percent Domestic water systems.. . Shipping containers Acetic acid Commercial closures Acetylsalicyclic (aspirin) _ . Bicycles..Electric power, total Refrigerators, electric Sodium hydroxide, liquid. Rubber conveyor and elevator belts. Steel barrels and drums, heavy. Natural gas, marketed Glass containers Carbon black _ Sanitary and tissue paper. Asphalt Gas transmission pipelines . Woodpulp Pulpwood, consumption __ Washing machines, electric and gas. 5 Percent Corn pickers Building paper ,. Lamps, bulbs and tubes... O leomar garine Water heaters, elec. & gas. Radios Baseball mitts and gloves. Hydraulic turbines . xjoriiig macnines _ Warm air furnaces, gas and oil. Cigarettes. Paperboard, excl. building board. Glass tumblers Rubber consumption, total. Printing paper, total.. ... 4 Percent Motor fuel Special industrial paper Sulphuric acid Heating pads, electric Malt liquor (fermented) Thous Mil. sq. ft— Mil Ibs Bil Mil. Ibs Thous Bil. kw-hr ... __ Thous Thous. sh. tons__ Mil. Ibs 1929 1932 1930 1943 1929 1929 1929 1929 1929 1939 Mil 1933 7 14 30 25 25 Bil. cu. ft Mil. gross Thous. sh. tons.. Thous. sh. tons.. Mil. bbls Thous. miles Mil. sh. tons Mil. cords Thous 1929 1929 1929 1929 1929 1940 1929 1929 1929 1,918 29 193 380 19 62 5 8 1,084 2,660 54 284 734 29 62 9 14 1,553 7,457 118 839 1,473 66 115 17 27 3,385 9,405 139 875 1,768 83 142 21 33 4,391 10,300 142 920 1,784 91 n. a. 22 36 4,713 Thous Thous. sh. tons.. Mil Mil. Ibs Thous Mil Thous Thous. hp. capacity KW. Units Thous. sh. tons.. 1929 1939 1929 1929 1929 1929 1929 1929 12 9 659 n. a. 634 1,115 356 320 953 676 4 12 932 «1, 155 803 «836 94 34 1,386 1,587 2,012 2,479 1,041 1,333 2,783 3,497 13 15 n. a. d3, 348 n. a. d2, 843 36 1,371 2,610 1,369 3,536 14 n. a. n. a. 1929 1930 689 c 1,493 2,567 3,305 2,518 7,477 2,500 8,814 n. a. 8,900 1937 1929 3,519 °4, 705 123 379 7,589 *7, 876 725 1,294 n. a. 1,214 419 412 189 6,200 11, 771 14,048 424 14, 403 124 259 36 19 239 96 8 6 3 307 c 1,253 117 180 778 2,600 747 1,100 19 n. a. 617 77 473 14 13 1,800 433 4,075 3,106 n. a. 788 95 547 17 15 1,700 629 4,200 3,904 d48 775 98 554 18 17 n. a. 682 3,700 4,212 n. a. 1929 Bil. Thous. sh. tons.. 1929 122 4,222 1929 Mil. doz Thous. Ig. tons... 1929 19 467 42 651 68 1,214 62 1,530 64 1,440 Thous. sh. tons__ 1934 1939 1,441 4,366 2,243 4,668 3,514 9,071 3,919 9,040 4,264 8,852 1929 1939 1929 1929 1934 444 325 5,280 638 38 617 1,141 1,374 604 538 n. a. 5,710 13,372 15, 758 932 1,450 1,980 55 90 90 1,428 689 15, 827 2,215 91 Mil. bbls Thous. sh. tons.. Thous. sh. tons Thous Mil. bbls.___ ... SUEVEY OF CUEEENT BUSINESS 10 April 1957 Table 1.—Production of Selected Products and Services for Specified Years, 1929-1956—Continued PRODUCTION Product or Service Unit of measure 1929 or first year shown belowa 1940 PRODUCTION 1955 1951 1956 (preliminary) Product or Service Unit of measure 1940 Year Quantity 1,296 24 487 14 1,873 n. a. 785 14 3,675 63 1,363 25 5,100 61 1,393 25 Thous Mil Thous Mil bd ft Fertilizers, com. consump- Thous. sh. tons.. tion. Mil. sh. tons Paper and board, total Thous doz \Vork pants Mil sh. tons Sand and gravel Thous. sh. tons Salt Bathtubs, cast iron and Thous steel. Industrial trucks and trac- Units tors, electric. 1929 1929 1929 1929 1929 229 20 1,253 444 8,208 794 384 637 22 56 46 1,341 2,729 3,270 511 987 1,220 8,656 21,056 22,600 n. a. 60 3,725 1,121 21,900 1929 1929 1929 1929 1929 11 14 26 30 2,100 «4,600 4,300 5,600 594 402 238 223 8,500 10, 400 20,200 22, 700 973 2,051 2,467 944 31 n. a. 620 22,800 2,108 1929 2,080 1,719 6,525 5,550 5,720 Canned fruits Irons electric Tires truck and bus Crowns Sulphur crude Crude petroleum Cast iron soil pipe and fittings. \Vater closets Lavatories, china and steeL Mil. Ibs Thous Mil Mil gross Thous Ig. tons Mil. bbls— Thous. sh. tons__ 1929 1929 1929 1943 1929 1929 1929 1,310 3,150 6 217 2,362 1,007 357 1,777 5,171 8 2,732 1,353 397 3,111 7,349 18 331 5,278 2,248 688 3,400 7,930 15 333 5,743 2,484 870 3,300 8,715 15 298 6,470 2,617 818 Thous Thous 1929 1929 1,890 2,036 1,465 c 1,428 4,026 3,583 4,678 4,175 4,922 3,946 307 270 1,348 1,482 8,837 13, 568 3,627 3,682 2,719 3,017 945 1,023 328 1,503 14, 437 3,934 3,125 1,093 3 Percent "Wax petroleum Beef Coarse paper Ice cream Fuel oil, distilled and residual. Sodium carbonate (soda ash). Bag paper Bedsprings. Toasters, electric Ethyl alcohol Hand luggage, nonleather_ Kerosene Veal Kitchen sinks, cast iron and steel. High explosives, industrialCanned vegetables Shirts, dress, business, etc. AC polyphase-induction motors. AC watt-hour motors, s. p. and p. p. Adding machines, electric and nonelectric. Fine paper 2 Percent Steel ingots Zinc slab, new supply Calculation machines, electric and nonelectric. IVEilking machines Portland cement Tractors wheel-type Tracklaying tractors Newsprint consumption. __ Passenger automobiles Combines, harvesterthreshers. Pipe and tubing Milling machines Lubricating oil Dresses, one-piece, women's. Tractor mold-board plows. Shoes and slippers Truck and busses Golf clubs, woods and irons. Asphalt roofing, (squares). Ethyl acetate Condensed & evaporated milk. Sweaters Coats, women's, misses and Jr.'s. Passenger car tires See footnotes at end of 2,825 39 1,161 22 1929 Mil gal 1929 Mil Ibs 1929 Mil Ibs Thous. sh. tons__. 1929 1929 Mil. Ibs 1929 Mil bbls 128 630 5,871 1,606 1,303 449 Thous. sh. tons__ 1929 2,586 "2,826 5,094 4,907 5,010 Thous sh tons Thous Thous 1942 1939 1929 661 5,189 1,540 n. a. 2,307 845 1,019 5,988 d8, 236 3,725 3,565 1,150 n. a. 3,930 Mil. proof gal Thous Mil bbls Mil Ibs Thous 1929 1939 1929 1929 1929 207 5,178 56 761 1,211 263 n. a. 74 981 480 n. a. 136 1,059 2,604 454 7, 952 117 1,578 2,728 469 n. a. 123 1,620 2,231 Mil Ibs Mil Ibs Mil. doz Thous 1929 1929 1929 1929 365 3,372 11 525 347 4,522 c 13 c367 706 7,806 17 767 7,045 22 1,038 912 8,500 22 n. a. Thous 1929 1,571 c 1,896 n. a. 3,047 n. a. Thous 1929 158 cl32 n. a. 315 n. a. Thous. sh. tons__ 1929 736 736 1,366 1,464 1,605 1929 M!il sh tons Thous. sh. tons__ 1929 1929 Thous 62 626 57 67 685 c32 105 970 n. a. 117 1,165 119 115 1,125 n. a. 1929 Thous 1929 Mil. bbls 1929 Thous 1929 Thous Thous. sh. tons__ 1929 1929 Thous 1929 Thous 24 170 196 27 2,937 4,587 37 44 130 249 25 2,856 3,717 47 40 246 567 50 4,511 5,338 109 44 297 330 47 5,045 7,920 64 n. a. 317 216 57 5,209 5,816 41 Thous. sh. tons__ 1929 1929 Units 1929 Mil. bbls 1929 Mil 5,800 4,000 9,300 5,700 °5,300 11, 300 62 37 34 241 cl94 163 9,800 9,500 56 272 10, 200 n. a. 59 259 Thous Mil. prs Thous _ Thous 1929 1929 1929 1929 172 123 404 361 755 771 3,166 o2, 856 336 482 1,430 n. a. 200 577 1,249 d 4, 832 n. a. 586 1,104 n. a. Mil. sq Mil Ibs 1929 1929 40 55 33 75 59 85 63 85 59 92 2,731 3,228 138 510 7,175 2,501 1,495 500 Mil Ibs 1929 1,849 Thous. doz Mil 1929 1929 4,807 c5, 884 civ 17 Mil... 1929 table. 63 1955 51 d d 2,920 2,896 7,722 d7,200 26 24 n. a. 27 97 86 66 1956 (preliminary) Moderately Growing Products— Increases at an Average Annual Rate of less than 7y2 Percent b— Continued 1929 1929 1929 1940 Thous Mil Mil. Ibs Mil 1951 Year Quantity Moderately Growing Products— Increases at an Average Annual Rate of less than 7l/2 Percent b— Continued 4 Percent— Continued Coffee makers, electric Trousers, separate Cheese Auto replacement batteries. Tractors incl garden Telephones in service Vacuum cleaners 1929 or first year shown belowa 0 to 2 Percent Power & distribution transformers, 500 KVA & under. Cooking stoves, gas, domestic. Linoleum. Railroad revenue freight ton-miles. Cattle hides Carpets and rugs, woven__ Typewriters, nonelectric, electric and portable. Hosiery Cast iron pressure pipe and fittings. Raw cotton consumption. Baseballs and softballs Pork, excluding lard Cotton broad woven goods. B ook publications Pianos, all types Sugar Table, kitchen and household ware. Canvas rubber-soled shoes. Sewer pipe, vitrified clay._ Raw wool, consumption. .. Lamb and mutton Dungarees, overalls, etc Golf balls Lard _ Copper, refined, new supply. Newsprint, production Lumber Wheat flour Sewing machines, household. Creosote oil . Thous. 1929 423 o403 n. a. d612 n. a. Thous__ 1929 1,602 1,742 2,356 2,217 2,014 Mil. sq. yd Bil 1929 1929 48 450 o36 375 72 650 Mil Mil. sq. yds Thous 1929 1935 1929 19 49 963 21 55 o917 Mil. doz. pr 1929 Thous. sh. tons._ 1929 117 1,293 Mil. Ibs 1929 3,423 Thous. doz Mil. Ibs Mil. lin. yds .._ 1929 1929 1929 Thous. editions __ Thous Thous. sh. tons._ Mil. doz 1929 1929 1929 1940 10 131 7,088 34 6,965 34 11 132 7,685 39 13 d!55 8,570 37 13 n. a. 9,016 34 Mil. prs 1929 Thous. sh. tons__ 1929 Mil. Ibs 1929 44 1,675 368 c28 961 408 n. a. 1,688 495 d51 1,925 428 n. a. 1,962 455 Mil. Ibs Thous. doz Thous. doz _ . Mil. Ibs Thous. sh. tons__ 682 876 6,500 «4, 700 2,819 c2, 882 2,461 2,288 1,437 1,382 521 758 6,000 7,200 n. a. d3, 066 2,864 2,660 1,445 1,545 743 5,100 n. a. 2,775 1,627 1,409 39 115 669 1,056 31 103 c457 1,108 38 117 n. a. 1,459 39 116 d676 1, 615 38 116 n. a. 1929 130 149 151 130 122 Thous. sh. tons... Thous. sh. tons.. _ Mil Thous 1929 1929 1929 1929 776 655 23 123 685 641 o24 o59 606 865 20 n. a. 743 651 21 a 116 770 557 22 n. a. Mil. std BiL. _ . 1929 1929 7,644 31 4,079 24 6,625 35 7,148 29 7,320 29 Thous. bbls Thous Mil sh tons Thous. doz 1929 1939 1929 1929 725 566 2,583 n. a. 461 535 5,100 o 6, 900 697 4,183 534 5,315 660 2,417 470 4,379 n. a. 2,515 508 4,405 (1940-49 = 100) Mil__. Mil. prs Thous 1939 1929 1929 1929 110 6,900 293 6,300 100 5,400 o266 C 5, 000 63 5,700 n. a. 5,540 100 5,800 d236 4,873 107 5,900 n. a. 4,984 Thous Thous. gr. tons... Mil. Ibs Thous 1939 1930 1929 1929 1,597 164 2,184 126 n. a. 444 2,240 176 n. a. d 1, 312 119 148 1,452 1,551 284 87 n. a. 113 1,569 60 1929 1929 1929 1929 1929 Thous. sh. tons__ 1929 Bil bd ft 1929 1929 Mil. bbls Thous. 1929 Mil. gal d 65 627 n. a. 650 23 61 n. a. 26 61 1,252 26 64 1,493 136 845 153 1,473 154 1,682 147 1,747 3,954 4,847 4,384 4,339 d 883 710 "848 n. a. 8,833 10, 044 11, 481 10, 991 8,283 °8, 288 10, 136 10, 130 n. a. 11, 255 10, 248 11 cm Products Showing Declining Trends b Up to 2 Percent Lead, refined, new supply. Wire nails and staples Suits, men's only Sewing machines, industrial. Brick, unglazed . Railroad revenue passenger miles. Turpentine Heating stoves, domestic Bituminous coal Work shirts Textile bags, burlap Cigars Rubber heels Overcoats & topcoats, men's. Hand luggage, leather Merchant vessels built Creamery butter Ironers, electric ... 2 Percent Calf and kip skins Mil Local transit, passengers Mil... carried. Lawn mower s , hand Thous Mil Sheep and lamb skins Gloves and mittens, all Thous. doz leather. Thous. sh. tons__ Rails and accessories Mil. Ibs Manufactured tobacco Inner tubes, total Mil 3 to 5 Percent Structural tile Soap, natural Freight cars, railroad. Pumps, hand and windmill. Goat and kid skins Rubber shoes and overshoes. Railroad passenger cars.. Flooring, beech, birch and maple. 1929 15 11 8 1929 13,604 10,504 12,881 10 9,189 9 8,720 1929 1929 1929 1,266 ol, 272 38 38 3,040 o2, 653 n. a. d 863 26 25 2,758 d2, 055 n. a. 26 n. a. 1929 1929 1929 4,000 381 69 2,500 344 52 3,200 227 67 2,100 198 36 2,300 184 34 Thous. sh. tons.-Mil. Ibs Thous Thous 1937 1935 1929 1929 1,353 2,800 85 450 1,035 3,231 64 421 1,239 2,488 96 246 839 1,620 42 207 774 1,559 68 168 Mil Mil. prs 1929 1929 56 51 38 "32 31 n. a. 26 d23 25 n. a. Units __ Mil. bd. ft 1929 1929 2,202 121 285 87 311 61 983 48 430 46 April 1957 SURVEY OF CURRENT BUSINESS 11 Table 1.—Production of Selected Products and Services for Specified Years, 1929-1956—Continued PRODUCTION PRODUCTION Product or Service Unit of measure 1929 or first year shown below* 1940 1951 1955 Year Quantity 1956 (preliminary) Products Showing Declining Trends b— Continued 3 to 5 Percent— Continued Rubber boots Anthracite Methanol, natural Thous. prs Mil. sh. tons Thous. gal 5 Percent and over Cotton tire cord Knit bathing suits Textile bags, cotton 1929 Mil. Ibs Thous. doz 1929 (1940-49= 100) ._-_ 1939 1929 1929 1929 °260 cg!4 99 289 291 61 67 d319 39 n. a. 29 2,270 52 n. a. 34 n a —Not available. » Represents production in 1929 or the first year data are available; in the case of new products (shown in italics) the first year output reached reasonable volume. b Based upon change in output in the period 1929 or from year shown in 1929 production column to 1955. c Data are for 1939. slow down perceptibly or levels off, but the pattern and timing of such developments generally vary from product to product. For example, frozen foods, detergents, and sulf a drugs—3 consumer goods which were introduced around the mid-thirties primarily as substitutes for or supplements to other similar products—showed dissimilar output patterns. Output of the former 2 is still expanding at relatively high rates whereas sulfa production has not only stopped growing but has actually declined. Divergent movements occurred even among the newer type products with a much shorter market life. For instance, clothes dryers and disposals—2 relatively new consumer hard goods—are still showing strong growth trends while television sets and freezers have leveled off, even though all 4 products entered the market on a large scale at about the same time. In the case of television sets, market acceptance was exceptionally rapid in the early stages of development but since 1950 the increase in the number of receivers produced has been negligible. By 1956, about 81 percent of the wired homes in the United States had television sets. The coverage for the other 3 products is still well below 20 percent. Since many new products have been in production for only a relatively short time their full market potentialities are still to be tested. Growth rates lower in most recent period Growth rates for the fast-growing products showed considerable variation during selected time periods. In general, most products experienced high growth rates in both the prewar years and the 1940-51 span. From 1951 through 1956, however, there was a definite tendency toward a slowing down in output expansion of many fast-growing products, though slowing down in such a sense frequently must be interpreted in relation to its level and position in jbhe growth pattern. Lower growth rates were registered for almost all of the listed fast-growing products in the recent period. For many of these products, rates of increase since 1951 have been substantially below the average for the entire period covered by the data. In this connection it should be emphasized Unit of measure 1929 or first year shown below* 1940 1956 (preliminary) 1951 1955 29 7 10 1,288 7 d79 27 8 8 1,236 6 n.a. 0 0 Year Quantity Products Showing Declining Trends b— Continued 5,453 o 2, 919 n. a. *2, 152 52 43 74 26 6,717 4,341 2,017 2,194 251 1,021 91 Product or Service 5 Percent and over— Con. Radiators and con vectors. _ Silk consumption Locomotives, electric Asphalt sidings Black blasting powder Steam engines, reciprocating. Locomotives steam Mil. sq. ft Mil Ibs Units Thous. sq Mil Ibs Units 1929 1929 1932 1944 1929 1929 127 97 55 4,148 120 1,528 60 °309 43 7 6 2,078 14 n.a. Units 1929 681 120 18 ae Data are for 1954. Data are for 1952. * Less than 100,000 ton-miles. 77 48 20 e Data are for 1950. Source: U. S. Department of Commerce, Office of Business Economics, based upon data obtained from private and Government sources. that the large relative expansion which usually occurs for newly-developed lines in the early stages must inevitably fall as production enlarges from year to year. These trends are further depicted in the chart which shows the magnitude of declines in the rates of growth in the 1951-55 period compared with the longer-term period for a representative group of new and old-established commodities and services. Of the 16 items included in the chart, most of which recorded long-term annual growth rates per year of 25 percent or more, only 2—air conditioners and outboard engines—showed a higher rate in the more recent period than in the 1929-55 period. In the case of air conditioners, the growth rate in the most recent period has been extremely high though irregular with most of the expansion occurring since 1952. Bulk of output shows moderate growth The group of moderately growing products includes 143 items, the largest of the 3 classifications. They embrace a wide range of goods and services for industrial and consumer use and comprise the bulk of American output. They are all old-established lines and for the most part were in production long before 1929. In fact, some of the basic materials and commodities date back to the beginning of the industrial growth of the Nation. Almost half of the products in the moderately growing category have exceeded the long-term national average growth rate of 3 percent per year. Many of the basic producers' materials—woodpulp, paper and board, sulfur, rubber, crude petroleum—are included in this category. On the other hand, many of the prime raw materials of industry and even more important in terms of volume and value— steel, a few of the nonferrous metals, cement, raw cotton and wool—fall below the rate of national output. A similar mixed pattern is found for consumer goods. Such items as refrigerators, washing machines, radios, cigarettes bettered the national growth rate whereas passenger cars, pianos, women's dresses, and shoes were below it. In the case of passenger cars in particular, the growth rate was influenced by the year selected for computing the figure. SUEVEY OF CUEEENT BUSINESS 12 If calculated from 1919 to 1955, the long-term growth rate would be 4.4 percent per year which compares with 2.1 percent per year from 1929 to 1955. Among the services, the electric power industry falls into the moderately growing group on the basis of its annual growth rate in the 1929-55 period. Even so, the industry has been growing twice as fast as the long-term average for Growth Rates in Output Selected rapidly growing new and oldestablished products and services; recent period compared with long-term period 0 PERCENT, AVERAGE ANNUAL RATE OF GROWTH 20 40 60 80 100 Antibiotics* (1944) Television sets* April 1957 all industries and since 1940 at three times the rate. In the most recent period, the growth rate has been even higher. Overall power demand has been stimulated by the fastgrowing aluminum and atomic energy industries, both requiring large amounts of power. On the other hand, expansion of railroad transportation has been below the average primarily as a result of increasing competition from motor truck and waterway transportation and in the past 15 years from air lines, chiefly for passenger traffic. In general, growth rates of products in the moderately growing category follow a much different pattern from that experienced by products in the fast-growing group. This is so for the reason that being more mature industries changes in their growth rates are much less pronounced than those in the fast-growing group where many of the items are relatively new and therefore have a much shorter market life, as well as a low base from which to compute relative changes. In the more recent period, for example, about one-half of the items listed in the slowly expanding group showed growth rates about as large or larger than their 1929-55 experience whereas in the fast-growing group, as already pointed out, all but a negligible proportion were substantially below their long-term growth rates. (1940) Some industries declining Polyethylene (1943) Notwithstanding the persistent long-term industrial growth of the Nation, the output of 47 products included in the table has shown declining tendencies. With few exceptions, however, most of the products in the declining group are still being produced in large volume relative to 1929. On the whole, the declines over the long-term have generally been under 3 percent per year. Since 1951, however, there has been a tendency for the rates of declines to become much greater. This has been true for about two-thirds of the items listed in the declining group. There are varied reasons for these contrary trends. Substitutions of products by more efficient, better quality, or sometimes cheaper items have been among the more important considerations. For example, within the space of about 25 years, diesel-electric locomotives have completely replaced the steam locomotives—not one of which was built in the past 2 years; competing fuels have whittled down the use of anthracite for home heating by two-thirds since 1929; and synthetic materials have supplemented or largely displaced a number of long established chemical products. In other cases, changes in styles and tastes have been determining factors in the shift to other products, often with little effect upon total operations within the industry. Separate coats and trousers are cutting into the volume of men's suits for dress wear, while cigarettes appear to be more popular than pipe smoking. More than one-half of the decreasing items are concentrated in a few major product groups with textiles, apparel and leather products accounting for 13, followed by building materials and equipment (7), and railroad equipment and accessories (6). Dryers, electric and gas* {1947) Rubber, synthetic* (1939) Vitamins (1938) Detergents, synthetic* (1935) Fibers, synthetic excluding rayon* (1939) Air conditioners, room* (1939) Argon* (1947) Pentaerythritol (1940) Air revenue passengermiles f l o w n * (1929) Frozen foods* (1938) Motor truck transportation Expansion of machinery production Outboard engines Gypsum wallboard, including lath * Represents new products. Percentages for the 1929-55 period begin with the year (shown under the label for each product) production first reached reasonable volume Data.- Governmental 8 private agencies U. S. Department of Commerce, Office of Business Economics 57-10-7 One of the important segments of manufacturing not covered satisfactorily in the analysis of growth industries and products is the machinery and somewhat related instruments industry, and in particular the area of producers' durable equipment. The machinery industry, as is well known, plays a significant role in the economic life of the Nation. It turns out in large volume heavy capital equipment as well as other machinery and metal products for use by business, consumers, and Government. (Continued on page 19) by E. S. Kerber Government Foreign Assistance in 1956 Service Due on Credits Through 1962 JL HE VARIOUS foreign assistance programs of the United States Government furnished foreign countries in 1956 with $4.9 billion of goods, services, and cash. This represented an increase in transfers of $350 million—or 8 percent—over the preceding year. Transfers of military supplies and services of $2.7 billion and other transfers of $2.2 billion both increased, the latter as a result of the rise in the sale of agricultural commodities for foreign currencies. Transfers reported here are net of grant returns to the United States and of principal collections on credits. In addition to these transactions, the U. S. Government in August 1956 paid its capital subscription of $35 million to the International Finance Corporation. This international agency is to assist in the economic development of foreign countries by providing venture capital for private investments. Since private transactions increased more than Government aid the proportion of the latter in the aggregate U. S. balance of payments continued to decline. Payments for imports of goods and services and private investments abroad rose at faster rates. Nevertheless, the Government grant and capital outlays approximated one-sixth of the total payments to foreigners in the balance of payments in 1956. The importance of foreign aid programs cannot be evaluated entirely by these over-all relationships. For many friendly countries, Government assistance constituted a major share of their current dollar resources, and thus contributed to their military defense potential and to the progress of their basic economies. Effects of current developments Gross grant and credit transfers in the second half of 1956 were at an annual rate of about $3.8 billion, as compared with approximately $4% billion in new authorizations provided by Congress for the current fiscal year ending June 30, 1957. No major effects of the Suez situation were apparent in the over-all foreign assistance transfers through December 1956, but a commitment of $500 million was made in December by the Export-Import Bank for loan disbursements against collateral of U. S. securities to assist the United Kingdom in meeting its extraordinary dollar needs as a result of the Suez Canal closing. In consequence of the Suez situation, the United Kingdom requested a waiver of $82 million in interest due in December on its postwar indebtedness to the United States. Furthermore, the United Kingdom obtained $561 million from the International Monetary Fund in exchange for pounds sterling, making it necessary for the Fund to call upon the U. S. Treasury Department to convert non-interestbearing notes of the United States into cash. This transNOTE.—MR. KERBER IS A MEMBER OF THE BALANCE OF PAYMENTS DIVISION, OFFICE OF BUSINESS ECONOMICS. THE SECTION ON DEBTSERVICE PROJECTIONS WAS PREPARED BY MRS. MARY R. BANTA. action is not included in the figures for Government capital outlays because the outlay is considered to have taken place in 1947 when the original contribution to the Fund—partly in the form of non-interest-bearing notes—was made. Table 1.—United States Government Net Foreign Grants and Credits and Selected Short-Term Foreign Assistance, by Area: Calendar Years 1955 and 1956 [Millions of dollars] 1956 Area and type 1955 Net grants and credits Total Total Net new grants Net selected shortterm Net new assistcredits ance * 4,547 4,898 4,339 4,367 -28 559 and _ _ 2,409 2, 672 2,672 2,672 2, 137 2,226 1,667 1,695 -28 559 Western Europe (excluding Greece and Turkey) 4 and dependent 2, 123 1,939 1,723 1,950 -227 areas Military supplies 2 1, 444 1,601 1,601 1,601 and services 122 Other aid 678 338 349 -227 216 Total Military 2supplies services Other aid 3 Near East (including Greece and Turkey) and Africa _ _ _ __ Military supplies and services Other aid 216 745 764 676 592 84 88 335 410 341 423 341 335 341 251 84 88 153 150 153 150 Other Asia and Pacific 1,492 1,874 1,724 1,571 Military supplies 579 646 646 646 and services 913 1,228 1,078 925 Other aid American Republics Military supplies and services Other aid 124 218 113 139 -26 105 29 95 59 159 59 54 59 80 -26 105 Unspecified areas Military supplies and services Other aid 63 103 103 116 -13 21 41 25 78 25 78 25 91 -13 1. Short-term claim acquired by United States Government under agricultural sales programs, less short-term liability for currencies advanced by foreign government pending delivery of agricultural commodities. 2. Includes contributions to the multilateral-construction program of the North Atlantic Treaty Organization. 3. "Nonmilitary" grants and credits include all defense support, relief, development, and technical cooperation assistance, including all cash transfers to foreign governments except the contributions to the multilateral-construction program of the North Atlantic Treaty Organization. "Defense support" is economic assistance rendered to a country to sustain its defense burden without undue effects on the minimum level of economic strength or growth. 4. Because of the inclusion of dependencies in the grouping "Western Europe," data shown for other groupings, particularly "Near East and Africa," are correspondingly understated. NOTE.—For technical note on grants and credits see SURVEY, October 1954, p. 20. Data for 1956 are preliminary and partially estimated. Source: U. S. Department of Commerce, Office of Business Economics. 13 SUEVEY OF CUEEENT BUSINESS 14 Shipment of $3-million worth of agricultural commodities for needy persons in Hungary was made in the July-September period of last year—before the uprising in that country— for distribution under the supervision of the League of Red Cross Societies. In December, a grant payment of $5 million was made through the United Nations for Hungarian refugee relief. Arrangements were also made for the U. S. Government to replace stocks of foodstuffs already abroad which were used for the refugee relief. Shift in distribution of aid April 1957 and other items, and military training and similar services. Also included are the contributions to the multilateralconstruction program of the North Atlantic Treaty Organization. No other cash transfer is included in military assistance. Eeported deliveries of military supplies from the United States (and from U. S. stocks) and deliveries from the production of foreign countries (excluding Canada) under "offshore procurement" contracts followed parallel timing patterns in 1956. The transfers from offshore procurement contracts comprised one-fifth of the annual deliveries of military materials as compared with one-third in 1955. Western Europe and the Asiatic areas each received about two-fifths of the 1956 U. S. Government net grants and long- and short-term credits. (See table 1.) Deliveries to Western Europe declined 9 percent from 1955 to a postwar low in 1956, though they still aggregated $1.9 billion. Shipments and disbursements to Asiatic countries, on the other hand, increased one-fourth last year. Both major areas obtained an 11-percent increase in military transfers. The change in geographical emphasis was in "nonmilitary" grants and long- and short-term credits, as technical cooperation and economic development activities in Asia were enlarged. Little change occurred in the annual net transfers to the Near East and Africa area (which includes Greece and Turkey). Expanded deliveries of military supplies and services and major short-term credit disbursements resulted in a 75-percent increase from 1955 to 1956 in total assistance to the American Eepublics. Significant among the changes in the foreign assistance programs of the U. S. Government in 1956 was the rise in sales of agricultural products for foreign currencies; sales totaled almost $1.1 billion for the year. Currency expenditures more than doubled, to the equivalent of $519 million, of which $459 million was disbursed for, or converted to, "nonmilitary" grants and (long-term) credits. The first chart compares the net effect of the agricultural commodity sales, in conjunction with "nonmilitary" grants and (longterm) credits, on increasing the resources of foreign countries in recent periods. The accumulation of foreign currencies (or claims for such currencies) through the sales programs may be considered, in effect, short-term credits, equal to an additional one-fifth of "nonmilitary" assistance transferred in 1955 and to over one-third last year. Military transfers larger Exports under programs over $1.4 billion Eeported military deliveries represented 55 percent of the total net assistance in the past year compared with 53 percent in 1955. There was some irregularity of movement during the year, associated mainly with the reported transfers of aircraft and related Air Force items. Military assistance transfers are primarily composed of military "hardware" Further, "nonmilitary" grant and credit shipments directly included additional agricultural commodities. Donations of foodstuffs distributed abroad by American voluntary private relief organizations and the United Nations Children's Fund totaled $183 million in 1956, about the same as the preceding year. Transfers from Commodity Credit Corporation stocks for famine and other urgent and extraordinary relief, under title II of the Agricultural Trade Development and Assistance Act, rose by one-third to $107 million. Loan disbursements by the Export-Import Bank to finance the export of United States farm products rose to $76 million—one-third of the Bank's annual disbursements. All told, farm exports under the Government grant and credit and sales programs approximated $1.4 billion in 1956, half again as much as in 1955, according to preliminary estimates. Consequently, agricultural shipments comprised 50 percent of the gross deliveries and cash payments under the Government nonmilitary programs, as compared with one-third in the preceding 12 months. In the same period the value of U. S. agricultural exports rose from $3% billion to $4% billion. Government financing of these exports increased to 35 percent in 1956, and comprised about half of the $1-billion rise. Foreign Assistance BILLIONS 1 OF DOLLARS 0 0 I Other Grants a Credits, Net Military Grants, Net Short- term ^ Assistance, Net 1954 Farm products used in assistance programs 1955 17. S. short-term claims increase to $1.3 billion 1956 * Foreign currency claims accumulated through the sale of agricultural commodities U. S. Department of Commerce, Office of Business Economics At the end of 1956, the U. S. Government held almost $1.1 billion in foreign short-term claims arising from the sale of agricultural commodities. A large part of these sales proceeds is to be used to provide grants and credits to the countryi purchasing the farm products or to third countries. However, the amounts are not incorporated into the foreign grant and (long-term) credit data presented in this article until the foreign currencies are actually expended for such purposes. In addition to the claims resulting from the agricultural disposal programs, the Government held other April SURVEY OF CURRENT BUSINESS 1957 short-term claims on foreigners totaling more than $175 million at the year's end. The steady climb in the Government's holdings of claims from the sale of farm products since the sales programs began Jn 1953 is shown in the second chart. The major accumulation of short-term claims in 1956 arose under the provisions of the Agricultural Trade Development and Assistance Act. Gross collections under this program were $605 million, while annual disbursements of the Government-held foreign currencies totaled $116 million, about half for longterm loans and one-tenth for "nonmilitary" grants. In contrast, currency expenditures of $397 million consumed most of the gross receipts of $473 million under the sales provisions of the Mutual Security Act. Five-sixths of the Mutual Security Act currencies was expended for grants and the remainder for loans. Although the chart shows a preponderance of these shortterm claims in Western Europe, they were concentrated in two countries, Yugoslavia (with $167 million) and Spain ($139 million). In no other single country were the claims as much as half as large. Assistance to Asia The proportion of short-term credits to Asiatic countries increased only slightly from 1955 to 1956, but almost twothirds of the 1956 annual "nonmilitary" net grant and credit transfers were made to Asiatic countries, compared with less than one-half in 1955. Transfers increased to most countries, and the area as a whole received over one-half of all "nonmilitary" assistance last year. An increasing amount 15 of this assistance was on a repayable basis in the form of long-term credits, in keeping with the legislative intent to put development aid on such terms. "Nonmilitary" assistance to the six principal Asiatic recipients shown in table 2 aggregated $1 billion in 1956. Deliveries to Korea, at the head of the list, were up $25 million over the preceding year. U. S. grant payments and deliveries to Vietnam were relatively unchanged in 1956, but were augmented by $25 million disbursed on a mutual security loan in the first half of the year and an increase in short-term assistance. Proportionately greater increases occurred in the "nonmilitary" grants to the two other states formerly included in Indochina, Laos and Cambodia. The mutual security program provided commodity imports to combat inflation and other assistance for economic improvement in these recently independent nations. U. S. Government "nonmilitary" grant transfers to Pakistan slackened somewhat from the rates early in 1956, but deliveries of grains and cotton in exchange for rupees ran heavier in the last half of the year. In all, the rise in annual net "nonmilitary" assistance to Pakistan was greater than to any other nation. Total "nonmilitary" assistance to India was stable. Increased mutual security loan disbursements and a rise in deliveries of farm products compensated for a 40-percent decline in grant transfers. The latter consisted of mutual security development assistance and of agricultural products donated by the Government for distribution through American voluntary relief agencies and the United Nations Children's Fund. Deliveries Under Government Foreign Agricultural Sales Programs Currencies acquired but unspent represent $1.1 billion temporary assistance to foreign countries 2,000 CUMULATIVE FROM INCEPTION OF PROGRAMS 1,500 - DELIVERIES FOR FOREIGN CURRENCIES FOREIGN •: CURRENCIES; EXPENDED BY > U.S. GOVERNMENT CURRENCIES HELD IN — American Republics 1,000 - Near East a Africa (incl. Greece 8 Turkey) South Asia Other Asia 500 - FOREIGN CURRENCIES HELD BY u.s. GOVERNMENT! (short-term claims) 1955 •END U. S. Department of Commerce, Office of Business Economics OF QUARTER Dec. 31, 1956 SURVEY OF CURRENT BUSINESS 16 Table 2.—United States Government Net "Nonmilitary" Foreign Grants and Credits and Selected Short-Term Foreign Assistance, For Principal Countries: Calendar Years 1955 and 1956 [Millions of dollars] 1956 Country Net grants and credits 1955 Total Total Net selected shortNet new Net new term grants credits assist-l ance Aid other than military 2,137 2,226 1,667 1,695 supplies and services Korea Vietnam Pakistan __ _ __ Spain India China—Taiwan Turkey Yugoslavia _ Japan - -- Greece France United Kingdom Rest of world - __ 269 196 67 -28 559 294 226 155 309 220 93 309 195 83 25 10 -15 6 62 71 145 116 118 107 . Ill 83 81 116 46 61 95 37 20 20 61 37 -4 72 31 17 22 -3 60 17 64 10 10 43 99 -64 40 -107 15 15 25 92 131 25 111 93 88 94 28 77 74 288 58 69 50 -42 53 35 -67 642 810 544 602 58 266 1. Short-term claim acquired by United States Government under agricultural sales programs, less short-term liability for currencies advanced by foreign government pending delivery of agricultural commodities. Source: U. S. Department of Commerce, Office of Business Economics. April 1957 agencies. Short-term assistance to Egypt totaled $20 million in the year; most of this will be allocated to provide future grants and long-term credits. Commodity sales to Israel also accounted for the increase in short-term assistance, with net 1956 accruals of shortterm claims totaling $31 million, while net grant and (longterm) credit transfers declined from $43 million in 1955 to $25 million in 1956. American Republics aid Short-term assistance deliveries to the American Republics were five times as great last year as in 1955, and thus were responsible for the two-thirds rise in "nonmilitary" assistance to the area. (See table 1.) Contributions to the construction of the Inter-American Highway doubled and other development grants increased one-half. Famine and other relief shipments of foodstuffs were off one-third from 1955. On balance, long-term credit assistance to the Republics was down for the second successive year. The major decline Government Foreign Credits Repayments have exceeded new loan disbursements in recent years . . . MILLIONS OF DOLLARS 1,000 — NEW CREDIT UTILIZATIONS 800 — Disbursements of Export-Import Bank loans for the export of American cotton to Japan increased in 1956 as the previous year's cotton loans were largely repaid. Last year's loans represented mostly disbursements of U. S. Government funds; the previous year's disbursements and 1956 repayments were principally on credits by U. S. commercial banks from their own funds but with a complete guaranty by the Export-Import Bank against risk. The greater part of U. S. Government-held yen acquired under the agricultural sales program was disbursed as it accumulated, on the development loan to Japan. Grant shipments of wheat and nonfat dried milk for the Japanese program to provide school lunches for over 7 million children began late in 1956. Exports of agricultural products in exchange for Indonesian rupiahs began midyear under the March 1956 sales agreement and increased throughout the last half, providing approximately $40 million in short-term assistance. There was a slight increase in annual mutual security development grant payments to $9 million. Near East changes The moderate rise in net "nonmilitary" grant and longand short-term credits to the Near East and Africa reflected the expansion in deliveries to Turkey, and increases to Egypt and Israel. Grant disbursements to Egypt for development purposes under the mutual security program tripled from 1955 to 1956 and development loan disbursements started in the July-September period. These increases were offset, however, by the curtailment after March 1956 of exports of agricultural commodities donated by the U. S. Government for distribution through American private voluntary relief PRINCIPAL REPAYMENTS 600 — 400 — 200 — with interest collections being a significant return on the foreign investment 400 — 200 — 1951 1952 1953 1954 1955 1956 XL Uncoltected interest which United Kingdom has requested to be waived U. S. Department of Commerce, Office of Business Economics 57-10-10 SUKVEY OF CURRENT BUSINESS April 1957 was in the loans to Brazil, which continued to dominate both disbursement and repayment activity in the Western Hemisphere. New Brazilian disbursements fell off by $50 million to total $41 million, and repayments decreased $13 million ,to $60 million. Short-term assistance to Brazil about offset the decline in net credits, while annual grants remained unchanged at $6 million. Europe Spain was the major purchaser of agricultural commodities against payments in local funds in 1956 totaling $129 million. Spanish currency accumulations by the U. S. Government were $61 million, as most of the remainder was used for grants and loans. Consequently, net grants and credits quadrupled during the year, aggregating $83 million. Deliveries of farm products to France in exchange for francs amounted to $85 million, but over $70 million in French funds was disbursed, including $33 million given by the U. S. Government to Vietnam. Net grant and credit transfers were down to $35 million, including some payments to France for development in French overseas territories. Shipments of agricultural products to Yugoslavia sold for dinars also totaled about $85 million last year—-$10 million more than in 1955. Only $20-millipn worth of the currency was used by the U. S. Government in each of the 2 years, by returning the funds to the Yugoslav Government as grants. Except for continuing shipments of donations of foodstuffs through American private relief agencies, which recovered some in the second half, and for a shipment to the Yugoslav Red Cross for relief in consequence of the hard 1955-56 winter, other grant transfers to Yugoslavia were practically eliminated in 1956. United Kingdom returns silver The return of $48-million worth of lend-lease silver borrowed during and immediately following World War II accounted for about half of the change from 1955 in the net "nonmilitary" assistance to the United Kingdom. The remainder of the decline resulted from cessation of direct 17 mutual security dollar assistance payments to the United Kingdom in mid-1955. Releases of U. S. Government-held foreign currency for military support payments in fulfillment of earlier intergovernmental agreements and for development of overseas territories comprised the other 1956 grant. In addition to returning lend-lease silver, the United Kingdom paid $57 million on its postwar debts in December 1956. At that time it requested the U. S. Government to waive—or defer—collection of the $82-million interest payment due, as noted above. This request was advanced in accordance with the provisions of the Anglo-American Financial Agreement of 1945. Credit activity stable The several recent extensive reviews of the foreign aid programs and policy by congressional committees and the President's Citizen Advisers on the Mutual Security Program have focused new attention on loans as a form of aid. While repayable loans represented over one-third of "nonmilitary" foreign assistance in the first 5 postwar years, in subsequent periods less of the aid has been on a credit basis. More recently, legislative authorizations for the mutual security program have emphasized the use of credits as opposed to outright grants, particularly for development assistance. The magnitude of credit utilizations (disbursements) since 1951 is shown in the accompanying chart, along with the trend in principal repayments and interest collections. Some extraordinary disbursements, such as those to France in 1952 and 1953, were responsible for the major changes in the basic utilization trend. Many loans in the early postwar period, and many of the mutual security loans which began in 1948, provided for an initial grace period of as much as 3 or 4 years before the start of principal repayment and, in several instances, interest collections. The upward trend in the recent periods reflects the end of the grace periods, as much as the increase in amounts outstanding. Further, in the most recent loan agreements, interest rates have been higher. Service Due on Credits for Next 6 Years The U. S. Government is scheduled to receive more than $4 billion of principal and interest during the 6-year period ending in 1962, on the $11.7 billion of credits outstanding at the end of 1956, if collections are made according to present contracts. (See table 3.) Excluding the scheduled return of silver in 1957, principal repayments will range from $458 million in 1957 to $374 million in 1962 and interest will decline from $269 million to $217 million. Collections on many credits are scheduled to continue for another 30 to 40 years. In analyzing the indebtedness of foreign countries to the U. S. Government it should be noted that in many instances these loans are not necessarily repayable in dollars. The mutual security loans which have been disbursed in the past 2 years have generally provided for the payment of principal and interest in dollars or the debtor's currency, at the option 421506°—57 3 of the debtor at the time of payment. In the event foreign currency is elected, the agreements generally provide that the interest installment be computed 1 percent higher than in the case of a dollar repayment. No interest is charged on the loan to the United Nations for construction of its headquarters building in New York City nor on the $201 million in silver lend-leased during and shortly after World War II. Interest collections in 1954-55 averaged over 2.3 percent on the outstanding indebtedness, including non-interest-bearing credits, and would have continued at this rate in 1956 if the United Kingdom paymenthad been made. Basis of projection Scheduled receipts are based on actual credit agreements and balances outstanding as of December 31, 1956. Acceler- SUEVEY OF CUEKENT BUSINESS 18 a ted collections are possible (and in some instances are occurring). As is the case in the United Kingdom situation, collections may be deferred under certain conditions. Therefore, amounts shown do not represent a forecast of actual collections, but set forth a schedule of amounts due. Collections will, of course, rise to the extent that additional loan disbursements are made from present unutilized commitments (which totaled $2 billion on December 31, 1956) and from new commitments which may be made, particularly loans for economic development with foreign currency acquired under the Agricultural Trade Development and Assistance Act. Some principal and interest collections are unprojected. These include outstanding amounts generally repayable by delivery of strategic materials or real estate. In some instances payments due on surplus property credits were not projected because of the United States option to acquire local currency and/or real estate in lieu of U. S. dollars upon request. Interest projections are based on the assumption that principal repayments will be made as scheduled. In computing the projection it has been assumed that the options to repay in foreign currencies will not be exercised by foreign governments and that the minimum interest rates for such credits will apply. April 1957 Kingdom owes almost $4^ billion, upon which annual service exceeds $150 million. France is scheduled to remit approximately $110 million annually on its $1.7-billion indebtedness. Service by Germany rises from $35 million in 1957 to $46 million in 1958, and then to $57 million in 1959. In the last half of 1958, first semiannual principal repayments become due on the funding settlement for postwar grants which comprises $1 billion of the less than $1.2 billion owed by Germany. The indebtedness of these three countries alone constitutes almost two-thirds of the total worldwide indebtedness. The American Eepublics—with no major early postwar loans, with a higher proportion of Export-Import Bank credits to nongovernment borrowers, and consequently with shorter terms on the outstanding indebtedness—are to pay declining amounts from $151 million in 1957 to $120 million in 1961. Credits to Brazil represent over half of the American Eepublics indebtedness. Projected service on the Brazilian indebtedness decreases sharply after the final monthly installment is paid in 1961 on the $300-million loan authorized in 1953 for liquidation of the Brazilian commercial debts. This projection, of course, does not include any service which will begin in 1960 on probable Brazilian drawings on the $150 million in cruzeiros to be loaned for economic development under the Agricultural Trade Development and Assistance Act. The $380-million indebtedness of India includes $161 million in silver scheduled to be returned in kind this year, while a major part of the loans outstanding in Japan is in the relatively short-term cotton credit discussed above which is repayable this year. European debt service $400 million per year Western Europe owes about three-fourths of the total postwar indebtedness to the U. S. Government, and is scheduled to pay about $400 million annually in 1957-62. The United Table 3.—Summary of Indebtedness of Foreign Countries to the United States Government at December 31,1956, and Projections of Contractual Debt Service (Principal and Interest) for Calendar Years 1957-62 [Millions of dollars] Indebtedness Dec. 31, 19562 Program and major country » 11,652 Total British loan Export-Import Bank (including agent banks) Prior grants converted into credits and lend-lease credits 4 Mutual security 5 Surplus property (including merchant ships) Other _-_ 3 470 2,636 2,347 2,114 939 145 Western Europe (excluding Greece and Turkey) and dependentareas 7 Franc© --_ _ --Germany _ _ _ _ __ Italy Netherlands United Kingdom 8,646 1,700 1,161 252 264 4,446 Easier n Europe 7 U. S. S. B. _____ Other Asia and Pacific7 China India _ _ _ _ American Republics 7 Brazil IVEexico United Nations - - - -- _ . _ ._ 687 154 123 1,060 178 380 145 73 906 457 112 56 1960 Interest Principal Interest Principal Interest 215 659 269 415 261 426 254 414 243 30 72 97 17 50 299 228 23 45 14 69 85 48 45 19 2 51 234 40 30 45 16 68 76 48 48 18 2 52 228 52 33 45 16 67 68 47 53 17 2 53 213 52 37 39 19 66 60 46 53 16 1 211 68 6 20 13 74 196 41 29 7 6 90 214 69 17 25 9 62 193 40 29 6 6 89 229 71 29 23 9 64 187 38 28 6 6 88 221 72 30 10 10 66 9 6 7 5 11 8 7 5 11 8 5 50 57 11 10 16 4 5 41 12 11 16 4 4 43 12 11 17 96 65 3 260 4 163 71 11 17 2 5 1 2 29 4 2 (6) 11 17 2 5 1 2 23 16 119 66 17 32 16 4 118 67 16 28 14 3 17 C) 2 2 1962 1961 Principal 1. Data shown in this table include n some instances loans and other credits extended to private entities in the country. 2. Does not include amounts charged off as uncollectible. 3. Represents indebtedness outstanding Dec. 31, 1956, for which no projections were made because terms were indefinite or provided for deliveries of strategic materials. 4. Includes silver lend-leased and returnable in kind in 1957 as follows: Total $201 million, United Kingdom $15 million, Netherlands $6 million, Other Near East and Africa $19 million, India $161 million, and Other Asia and Pacific $1 million. 1959 1958 1957 Interest 45 6 1 1 (6) Projection of contractual debt service Principal* 297 222 Near East and Africa (including Greece and Turkey) 7 Israel -Union of South Africa _ Japan Philippines Unprojected debt service on principal 2 3 Princi- Interpal est Principal 413 230 374 217 54 216 54 40 40 10 65 52 44 52 15 (6) 55 178 57 40 40 4 64 45 43 51 14 182 36 27 5 6 87 227 75 30 10 10 68 176 34 27 4 5 85 233 76 31 10 10 70 170 32 26 4 5 84 12 8 6 5 12 8 6 5 14 10 6 4 4 4 43 13 12 16 4 3 44 13 12 14 4 3 42 14 13 13 3 2 30 4 2 (8) 11 19 2 6 2 2 33 4 2 (6) 14 18 3 6 2 1 23 4 3 (6) 17 2 6 2 1 20 4 3 i 16 2 5 2 1 112 65 16 24 11 3 103 60 14 20 9 2 104 64 12 16 7 2 63 24 11 12 5 1 2 2 2 (9) Interest (6) 2 5. Includes loans repayable in strategic and basic materials. 6. Less than $500,000. 7. Includes data not shown separately. Countries shown are those with an individual indebtedness of more than $150 million as of Dec. 31, 1956, or with service of more than $15 million in any one year, 1957-62. Source: U. S. Department of Commerce, Office of Business Economics. SUEVEY OF CURRENT BUSINESS April 1957 19 Recent Financial Developments (Continued from p. 4) It may be seen from the chart that total installment credit extensions in early 1957 were at a new high, well above a year ago. However, with repayments also higher the recent net increase in borrowing was considerably less than that which occurred during 1955 and early 1956. Eepayments may be expected to continue upward, over the near-term at least, under the impetus provided by past liberalization of credit terms and the increasing use of credit which developed in the past 2 years. Thus, the near-term trend in total installment credit outstanding will depend on the volume of new loans made, which, as has been seen, is increasingly dependent on the sales picture for durable goods in general and for automobiles in particular. Mortgage borrowing tapered Individuals have also continued to add to their mortgage debt in the opening months of 1957 although, as evident from the chart, new loans made have been dropping substantially and rather steadily since mid-1955, shortly after the post-Korean peak reached in new housing starts. With repayments on existing debt still rising as the level of debt increased, the net increase in outstanding mortgages was substantially lower than a year ago. Preliminary estimates place the increase in the first quarter of this year at somewhat less than $2 billion, compared with $2.7 billion in early 1956, and the peak first quarter high of $3 billion in 1954. On a seasonally adjusted basis, it is estimated that new mortgage recordings on residential properties of $20,000 or less amounted to $6.3 billion in the first quarter of the year, about 9 percent below a year ago and roughly one-eighth below the record quarterly rate of residential mortgage financing in the summer of 1955. It might be noted that since the 1955 high, the volume of new mortgage loans has declined in approximately the same proportion as the dollar volume of residential construction activity. Market conditions affect mortgage financing A major factor in the recent slow-down of new mortgage financing—though not a measurable one—has been the general money market conditions which have especially affected the availability of loan funds for government-supported mortgage financing. While conventionally written new mortgages have been at or above year-ago levels, new FHA and VA loans have fallen off sharply, and in early 1957 were roughly one-third below a year ago. Whereas interest charges on conventional mortgages have tended to move upward with market rates generally, stipulated rates on new government supported mortgages remained fixed through last November, tending to alter the relative attractiveness of such financing. To help alleviate this situation, the Government last December raised the maximum interest chargeable on FHA insured mortgages. While it is still too early to measure the effect of this development, the flow of funds into FHA type loans, although still at an exceptionally low level, appears to have leveled off. In this connection, rough allowance for seasonal influences suggests that FHA applications for new loans were up from the low of last December, whereas the decline in appraisal requests for VA financing would seem to have continued into 1957. The latter requests are at the lowest point in more than 3 years, 50 percent below a year ago. Last month further steps were taken to ease the mortgage credit situation for prospective home buyers. More widespread geographical participation of insured savings and loan associations in their mortgage lending was authorized by the housing authorities in the expectation that this would make conventionally financed mortgage money more readily available. At the same time the ground was prepared for more extensive use of Government-supported funds by restoring FHA downpayment requirements to the lower figure prevailing before financing was tightened in 1955 in a move to counteract inflationary pressures. A New Look at Production Growth Rates (Continued from p. 12) Product development in machinery and other types of producers' durable equipment is known to have been farreaching in scope in the 1929-55 period, particularly in the postwar years. Considerable emphasis has been in the direction of designing larger and more efficient labor saving machines. A complete list of such products would be impressive and would embrace all segments of machinery, instruments, and transportation. A few of the important new lines of capital equipment introduced since 1929 include chain saws, continuous casting machines, aeronautical flight instruments, aerial photographic equipment, electronic equipment and computers, many types of construction and mining machinery, and atomic power and research reactors. As already indicated, adequate information for analysis is not available. The long-term trend of total machinery production, both in terms of value and in physical volume (value of shipments divided by price indexes), has been persistently upward over the past 25 years and is now higher than ever before. The expansion since 1929, as measured by the Federal Reserve Board index of machinery output, has been at an average rate of roughly 4.5 percent per year, and since 1939 the rate has averaged 9 percent per year, or two-thirds higher than the rate of total industrial production. The rise in machinery output has been an important factor in the increase of overall production in the postwar period. Data on the output of many major types of machinery are not available in terms of physical units, but only in terms of dollar value of manufacturers' shipments such as the data compiled by the Bureau of the Census in its Census of Manufactures and in the Annual Surveys. The availability of satisfactory physical output data of machinery lines is limited to a few products such as tractors, internal combustion engines, motors and generators, and certain types of office equipment, and these have been included in the product table. Excluded, however, because of lack of data are such important lines as construction, mining, special and general industrial machinery, metalworking and electrical machinery and equipment, and electronic parts and components. Together, these account for the bulk of total machinery production. In order to provide some indication of the movement of production among the major product groups within the machinery industry, data have been compiled from Census of Manufactures reports on the dollar value of manufacturers' shipments for about 25 product groups within the machinery SURVEY OF CURRENT BUSINESS 20 April 1957 The results of these calculations indicate impressive output industry for 5 years—1929, 1939, 1947, 1951, and the last gains in real terms by product groups, though obviously Census year, 1954. less than on the current value basis. In general, product groups showing the largest gains in dollar value of shipments All product groups share in advance also recorded the greatest increases in physical volume. Among the individual product groups, most of which Examination of the results of this tabulation reveals that would be included in the moderately growing group on the all segments of the industry participated in the advance basis of output expansion from 1929 through 1954, the averthough in varying proportions, with all of the rise generally age annual rates of growth varied, ranging from 0.6 percent occurring since 1939. As in the total, the movement within for elevators and stairways to 10 percent for flue-fired inproduct groups was highly sensitive to changes in business dustrial furnaces and ovens. The number of products above conditions, with some types more so than others. In value or below the average growth rate for the machinery industry terms, output in 1954 ranged from roughly 3% times that as a whole was roughly even. of 1939 for textile machinery to well over 11 times for a number of lines, with the rapidly growing electronic equipThis review emphasizes the wide divergencies in output of ment industry showing the largest value increase of 17 times. industries and products over the past 25 years or more. It should be noted that higher prices during the postwar Rapid growth has been shown for many products, both new period contributed to these rates of increase in values. and old, and this has been an important factor contributing Precise measurements of volume gains are not possible. For to the total growth of the economy. Much of the expansion the purpose of this analysis, however, approximate estimates has been the direct result of production research and aggresof volume were derived by dividing current dollar figures sive marketing policies of American industry. In the postby price indexes for about 25 product groups. The price war years business firms have concentrated to an unusual indexes used were those developed for determining purchases degree upon developing and marketing new products and of producers' durable equipment in constant dollars for the finding new uses for old-line products. As in the past the national income accounts, without taking account of changes fruits of such continuing activities are a basic source of in the quality of products. strength in the American economy. NEW OR REVISED STATISTICAL SERIES Indexes of Farm Marketings (Unadjusted): Revised Data for Page S-2 1 [1947-49=100] Physical volume of farm marketings Crops Livestock and products 51 55 55 55 55 58 58 56 61 62 53 57 59 58 59 63 59 56 61 62 50 54 53 53 52 54 56 56 61 62 58 60 62 64 68 66 68 69 70 70 59 64 60 60 67 65 69 69 69 70 58 58 63 68 69 67 68 59 70 70 68 68 66 67 66 61 66 70 72 75 66 66 63 61 56 57 60 70 73 74 70 70 69 71 74 65 71 69 72 76 77 79 88 93 98 98 96 99 97 103 72 73 80 79 .85 87 86 96 98 106 81 84 93 103 107 105 103 102 96 101 100 101 105 110 111 115 96 94 100 107 102 106 103 107 109 113 117 121 Year Total 1910 1911 1912 1913 1914 1915 1916 1917 1918 1919 - . 1920 1921 1922 1923 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 . 1946 1947 1948 1949 - ._ .. - - - -_ 1950 1951 1952 1953 1954 1955 Total Crops Livestock and products 104 82 79 106 75 57 102 87 96 74 76 84 37 38 57 July August September 106 102 120 October _ _ __ November December 1950 January February March » Year and month 1947 January February March ApriL May June April May June__ __ __ _ July. August September _ _ October. November December ._ __- .. ... 1953 January February March April Mav June July August September _ October November December _ . Total Crops Livestock and products 1948 January February March 89 65 70 82 45 45 94 80 89 101 105 104 April May June 75 77 88 46 44 65 97 101 104 110 114 141 102 94 104 July August September 96 98 118 101 107 146 92 91 96 143 120 103 182 130 98 115 113 106 October November December 152 130 109 212 162 124 110 75 77 124 60 48 100 87 99 1951 January February March.. - ___ 99 72 74 74 80 83 40 37 55 100 112 103 April May June 96 102 113 95 103 123 96 100 105 146 133 112 184 156 121 112 79 84 Year and month Year and month Livestock and products Total Crops 1949 January February March 95 73 81 97 58 58 93 84 98 April May June.. . 76 82 91 46 52 75 98 104 103 July August September 99 111 128 105 122 158 95 163 105 106 107 98 October November December 151 139 116 194 174 134 118 112 103 89 51 41 106 87 99 1952 January February _ March _ 98 79 79 88 53 48 105 98 103 75 77 80 37 32 48 103 111 104 April May. June.. 78 82 90 41 47 70 106 109 105 July . . August September.. _ _ . . 96 111 126 92 118 144 100 105 112 July . August September.. 105 112 133 109 124 160 102 103 113 117 116 105 October _ . November December - - 158 138 113 196 160 121 129 120 107 October-. November December 158 129 118 196 139 122 130 121 115 119 56 55 108 97 105 1954 January February March 112 85 85 117 66 47 109 99 113 1955 January February March __ 113 86 85 108 63 46 117 103 115 81 85 94 45 47 69 109 113 113 April May June 80 85 94 39 43 69 111 117 113 April May June.. 87 91 95 49 48 66 116 123 116 101 110 136 93 109 162 107 111 116 July August September 102 117 140 94 118 163 109 116 123 July August September 102 122 140 94 121 163 108 122 123 165 148 126 212 173 140 130 129 115 October... November December 155 148 122 181 166 125 135 135 120 October November _ December ... 164 157 132 195 182 141 139 125 .- . . ._ .. -. - - -. . 141 * Compiled by the U. S. Department of Agriculture, Agricultural Marketing Service. The indexes have been revised to reflect adoption of the 1947-49=100 base period; also wider coverage and use of new price weights. * BUSINESS STATISTICS JL HE STATISTICS here are a continuation of the data published in BUSINESS STATISTICS, the 1955 Statistical Supplement to the SURVEY OF CURRENT BUSINESS. That volume (price $2.00) contains monthly data for the years 1951 through 1954 and monthly averages for earlier years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly figures prior to 1951. Series added or significantly revised since publication of the 1955 Supplement are indicated by an asterisk (*) and a dagger (f), respectively. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal variation. Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through the courtesy of the compilers, and are subject to their copyrights. [Averages for the year 1955 are provided in the July 1956 issue of the SURVEY] Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS 1957 1956 February March April May June July DecemAugust SeptemOctober November ber ber January February March GENERAL BUSINESS INDICATORS NATIONAL INCOME AND PRODUCT Seasonally adjusted quarterly totals at annual ratesrf National income, total bil. of dol__ 334.9 338.7 343.5 233 0 219 4 182.5 96 27.3 13 6 237 2 223 5 186.2 9 5 27.8 13 8 240 4 226 2 188.3 95 28.5 14 2 245.5 231 1 192.9 9.5 28.7 14.4 49.5 28 2 11.5 98 49.9 28 9 11.3 9 7 50.7 29 5 11.6 9 7 51.7 29 9 12.1 9.7 40.9 43 7 22 1 21 6 —2 8 11.5 39.8 42.9 21.7 21.3 —3 1 11.7 40 41 20 20 _ 12 4 2 8 4 g 0 —3 3 12.4 do 403 4 408 3 413 8 423 8 do do do_ do 261 7 34 8 130.5 96 4 263. 7 33 4 132.3 98.0 266 8 33 0 134 0 99 7 270 9 34 8 134.7 101 4 Gross private domestic investment, total .. do._ New construction do Producers' durable equipment -.. do Change in business inventories do 63.1 32 6 26.4 4. 1 64.7 33 6 27.5 3.5 65 1 33 6 29.5 20 68. 5 32 9 31. 5 4 1 Net foreign investment _ do Government purchases of goods and services, total bil of dol Federal (less Government sales) _ _ do___ National security 9 do State and local do .1 1.2 1.7 2.4 78 5 46.4 40 5 32.1 78.7 46.1 40 7 32.6 80 2 47.2 41 9 33 0 82 0 48.3 43 2 33 7 317 5 37 3 280.2 322.9 38 1 284.9 327 0 38 8 288 2 333 2 39 9 293 3 18 6 21.2 21 4 22 4 Compensation of employees, total Wages and salaries, total Private . Military Government civilian Supplements to wages and salaries do do do ..do do._ . do Proprietors' and rental income, totalcf do Business and professionalcf do Farm ._ _ _ ..__.._ _ _ _ . _ . . do.__ Rental income of persons --do Corporate profits and inventory valuation adjustment, total -_ bil. of dol Corporate profits before tax, total do Corporate profits tax liability do Corporate profits after tax - do Inventory valuation adjustment do Net interest _ . do. Gross national product total Personal consumption expenditures, total Durable goods Nondurable goods - -Ser vices Persona] income total Less* Personal tax and nontax payments Equals: Disposable personal income do do - do- Personal saving§ do PERSONAL INCOME, BY SOURCE Seasonally adjusted, at annual rates :f Total personal income Wage and salary disbursements, total Commodity-producing industries Distributive industries Service industries Government bil of dol - do do do_ do do- Other labor income . _ _ ._ doProprietors' and rental income do Personal interest income and dividends do Transfer payments -do Less personal contributions for social insurance bil. of dol- . 317 1 318 6 321 7 322 8 324 9 324 3 328 1 329 5 332 5 333 5 334 0 r 335 0 336 6 337 6 218.9 94.7 57.9 29 5 36.8 220.3 95.1 58.4 29 6 37.2 222.9 96.8 59.1 29 8 37.2 223.2 96.8 59.1 30 0 37 3 225.2 97.5 59.9 30 2 37.6 224.0 95.9 59.9 30 4 37.8 227.1 98.3 60.3 30.6 37.9 228.5 99.1 60.5 30 8 38.1 229.7 100.6 60.2 30 9 38.0 231 0 101.1 60.6 31 1 38 2 232 9 102.3 60 9 31 3 38 4 'r 232 7 101. 2 r 61 5 r 31 3 r 38 7 233 7 101.9 61 5 31 4 38 9 234.2 101.9 61.8 31 5 39.0 7.2 49.7 28.7 18.3 7.2 49.5 28.8 18.5 7.2 49.7 29.1 18.6 7.2 50.1 29.4 18.7 7.3 50.0 29.6 18.6 7.3 50.5 29.7 18.6 7.3 51.0 29.8 18.8 7.3 50.9 30.0 18.7 7.4 52.3 30.2 18.9 7 4 51.7 30.3 19.1 74 51.2 29.2 19.3 75 51.3 30.6 19.6 7 5 51.5 30.7 19.9 7.5 51.5 30.9 20.2 5.7 5.7 5.8 5.8 5.8 5.8 5.9 5.9 6.0 6.0 6.0 6.7 6.7 6.7 T 309.4 314.4 310,3 Total nonagricultural income., do 301.5 304.0 322.2 306.8 307.6 318.8 '319.7 321. 3 312.8 316.3 317.9 r Revised. tRevised series. Estimates of national income and product and personal income have been revised back to 1952 (see pp. 7 ff. of the July 1956 SURVEY); for data prior to 1952, see the 1954 NATIONAL INCOME SUPPLEMENT or the 1955 edition of BUSINESS STATISTICS. cf Includes inventory valuation adjustment. 9 Government sales are not deducted. §Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above. S-l SURVEY OF CURRENT BUSINESS S-2 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June 1957 July DecemAugust Septem- October November ber January February March GENERAL BUSINESS INDICATORS—Continued NEW PLANT AND EQUIPMENT EXPENDITURES Unadjusted quarterly totals:cf All industries TniV of dol 7,462 8,880 8,901 9,838 1 8, 830 Manufacturing Durable-goods industries Nondurable-goods industries do do do 2,958 1,462 1,496 3,734 1,862 1,872 3,834 1,960 1,874 4,428 2,339 2,089 3,908 2 028 1,880 Mining Railroads Transportation, other than rail Public utilities Commercial and other do do do do do 262 297 396 936 2 613 319 326 423 1,199 2,880 314 277 443 1,308 2,725 346 332 450 1,452 2,830 304 358 414 1,322 2. 524 Seasonally adjusted quarterly totals at annual rates :d" All industries bil. of dol 1 32.82 34.49 35.87 36.46 Manufacturing Durable-goods industries Nondurable-goods industries do do do 13.45 6.57 6.88 14.65 7.38 7.27 15.78 8.20 7.58 15.81 8.21 7.60 16 34 8 48 7 86- Mining Railroads Transportation, other than rail Public utilities Commercial and other do do do do do 1 13 1.25 1.65 4 56 10.78 1.28 1.22 1.63 4.61 11.10 1.26 1.20 1.79 5 08 10.76 1.28 1.23 1.76 5.27 11.11 1 23 1.34 1 76 5 65 10 57 36 89 FARM INCOME AND MARKETINGS J Cash receipts from farming, including Government payments, total ..mil. of dol Farm marketings and CCC loans, total do Crops .. do _ Livestock and products, total 9 do Dairy products _ _.do Meat animals do Poultry and eggs .__ .do Indexes of cash receipts from marketings and CCC loans, unadjusted: All commodities 1947-49=100 Crops do Livestock and products ... _ do _ Indexes of volume of farm marketings, unad justed: All commodities 1947-49=100 Crops _ do Livestock and products do 1,972 1,837 1,883 2,038 2,091 2,336 2,715 3,148 3,927 3,306 2,768 2,574 "2,032 1,945 765 1,180 346 580 234 1,816 564 1,252 376 591 267 1,866 578 1,288 381 622 258 2,022 627 1,395 420 676 268 2,077 779 1,298 411 617 241 2,298 1,008 1,290 388 632 249 2,672 1,247 1,425 372 785 253 3,111 1,726 1,385 355 746 268 3,755 2,131 1. 624 363 945 296 3,216 1,749 1,467 342 806 301 2,728 1,406 1,322 371 615 321 2,530 1,146 1,384 384 756 220 "2,001 P775 P 1,226 P361 "633 "209 80 71 87 74 52 92 77 54 95 83 58 102 85 72 95 94 94 95 110 116 105 128 160 102 154 198 119 132 163 108 112 131 97 104 107 102 "82 ?72 *>90 97 72 116 89 46 122 88 44 122 93 45 129 96 64 121 112 101 120 124 117 129 144 168 126 177 208 153 157 176 142 128 131 125 119 108 126 P% i>72 P 113 INDUSTRIAL PRODUCTION Federal Reserve Index of Physical Volume 144 143 144 141 141 128 142 146 151 147 144 145 147 P 14S _ do ... do do do do 146 161 152 159 177 145 161 152 160 182 146 162 152 159 185 142 157 144 154 181 142 156 140 146 179 129 139 62 24 1T2 143 155 118 119 143 148 161 145 158 168 153 168 149 162 181 149 166 146 159 180 146 166 142 158 180 146 164 v 150 '146 149 '167 '149 160 176 do do do _ _ do do 172 134 168 152 200 171 134 168 154 196 174 136 172 154 206 167 130 167 151 198 166 132 165 150 195 160 124 157 146 178 167 135 167 146 209 172 144 176 153 220 180 145 181 152 237 181 138 177 151 227 183 139 177 157 216 181 136 175 ' 157 ••208 183 137 177 ' 159 '211 v 183 p 13* ^177 •» 160 *210 Transportation equipment 9 do Autos _- .. ._ .-do _ _ Trucks do Aircraft and parts do Instruments and related products do _ _ _ Furniture and fixtures do _ _ _ Lumber and products do _ Stone, clay, and glass products do Miscellaneous manufactures ___do 205 164 125 521 161 123 121 150 145 202 163 130 513 161 122 119 153 142 201 162 133 516 164 119 126 158 141 189 127 117 520 164 117 125 162 140 188 127 123 531 163 118 129 163 141 186 127 99 536 162 115 116 156 135 186 109 101 555 167 123 135 164 145 180 59 98 569 171 125 133 157 150 202 105 103 582 173 127 130 165 154 218 164 102 601 174 122 117 161 150 225 177 '101 619 175 125 104 156 145 224 174 '98 ••624 '173 118 104 '148 136 '228 178 113 634 '174 119 '113 151 '137 j>227 •p 171 131 102 104 140 95 97 94 105 115 123 84 130 104 102 136 95 108 105 105 110 115 85 129 106 103 131 95 117 111 103 108 112 89 127 108 105 121 97 119 108 110 105 109 90 127 114 110 122 100 128 119 115 100 99 90 119 114 111 118 100 123 107 96 86 87 76 131 122 123 116 99 118 101 115 102 104 92 134 130 134 129 100 116 106 111 103 101 87 137 127 129 142 101 120 118 115 109 113 94 132 117 119 148 100 110 109 111 105 109 86 125 106 108 138 99 98 93 87 99 104 78 131 103 104 132 96 p 133 Unadjusted, combined index _. 1947-49=100 Manufactures . _._ Durable manufactures Primarv metals 9 Steel Primary nonferrous metals Metal fabricating (incl. ordnance) Fabricated metal products . Machinery . _ _ _ Nonelectrical machinery Electrical machinery Nondurable manufactures Food and beverage manufactures Food manufactures 9 Meat products Bakery products Beverages Alcoholic beverages Tobacco manufactures Tpixtile-m ill products 9 Cotton and synthetic fabrics Wool textiles do do do do do do do do do do do 160 180 128 ' 101 '104 139 95 90 86 110 101 108 r 74 r 167 v 145 v 178 v 119 v 116 v 155 "138 105 111 80 118 116 95 113 108 108 101 108 114 119 109 124 120 Apparel and allied products do 102 100 104 90 100 95 104 108 106 99 112 120 Leather and products do 162 144 169 163 163 157 145 160 165 160 163 162 161 i Paper and allied products do 162 143 159 161 158 142 152 160 163 162 160 161 163 Pulp and paper do 144 145 129 133 134 136 142 139 136 139 i 137 135 P 143 130 Printing and publishing do 182 184 166 181 172 173 181 177 176 186 180 179 179 Chemicals and allied products do 199 182 198 192 205 192 188 207 '199 197 200 201 201 Industrial chemicals do 132 143 140 142 148 145 145 142 '146 137 135 v 142 142 143 Petroleum and coal products do 152 146 149 148 160 151 151 144 142 156 158 148 151 Petroleum refining do 128 144 105 123 147 135 127 129 140 150 '132 140 146 Rubber products. . ___ do r Revised. p Preliminary. i Estimates based on anticipated capital expenditures of business; those for the 2d quarter of 1957 appear on p. 10 of the March 1957 SURVEY. cf Historical data (annual totals, 1939 and 1945-55; quarterly, unadj. and seasonally adj. at annual rates, 1947-55) appear on pp. 6 and 7 of the June 1956 SURVEY. 9 Includes data not shown separately. JRevised series. Annual estimates beginning 1910 and monthly data for the period January 1952-December 1955 for cash receipts have been revised to take into account recent information on production, disposition, and price; revisions are shown on p. 19 of the March 1957 SURVEY. Indexes of cash receipts and volume of marketings (annuals, 1910-55; monthly, beginning January 1947) have been revised to reflect adoption of the 1947-49=100 base period; for the volume index, also wider coverage and use of new price weights. The revised indexes of volume of marketings appear on p. 20 of this issue of the SURVEY. Unpublished indexes of cash receipts (prior to May 1955) will be shown later. SUKVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-3 1956 February March April May 1 June July 1957 DecemAugust SeptemOctober November 1 ber ber January February March GENERAL BUSINESS INDICATORS—Continued INDUSTRIAL PRODUCTION— Continued Federal Reserve Index of Physical Volume— Con. Unadjusted index— Continued M inerals 1947-49 =100 Coal do . Crude oil and natural gas do Metal mining. _. do Stone and earth minerals do Seasonally adjusted, combined index Manufactures. .. Durable manufactures Primary metals 127 88 151 92 126 127 86 151 93 128 do . 143 _.do.__ do do.__ 144 158 146 - Metal fabricating (incl. ordnance) Fabricated metal products -. . Machinery t Nonelectrical machinery t . Electrical machinery J 146 147 146 146 " 146 147 165 146 149 167 145 147 164 144 147 164 143 "147 "163 "138 180 139 175 154 214 183 141 176 156 216 180 137 173 '154 '208 180 137 '171 '154 '205 " 179 "137 " 171 " 154 "206 203 172 122 120 157 146 216 172 119 119 157 144 223 173 120 117 158 144 221 '173 118 114 '155 140 130 114 106 103 113 102 131 113 106 105 117 101 129 114 109 103 108 104 130 114 107 103 110 102 '131 ' 111 112 100 109 102 '131 113 161 138 176 139 135 159 137 177 143 132 160 140 177 140 134 160 139 177 143 126 157 140 179 145 '137 159 141 '147 ' 145 157 141 182 '145 147 130 85 154 103 140 131 86 151 123 143 131 85 151 132 141 130 87 149 128 142 131 80 154 '127 '141 130 80 154 119 '142 '131 86 '152 120 142 116 120 113 128 139 141 '137 '142 121 127 117 104 125 130 106 122 109 136 116 121 238 115 111 59 158 122 158 265 118 132 105 158 122 142 312 118 151 164 141 117 122 270 112 154 177 137 118 128 217 110 '148 174 '128 113 124 188 '110 155 178 137 115 201 '112 123 127 127 123 123 132 141 '137 137 " 134 128 120 138 114 134 218 110 135 122 148 117 152 227 111 132 124 141 117 136 231 114 127 106 148 118 149 232 113 129 117 142 115 136 237 110 143 152 136 114 130 218 109 154 168 143 115 144 218 113 '147 169 '129 114 127 181 '114 147 167 131 112 " 143 " 159 143 141 141 136 143 144 146 144 159 146 143 157 141 142 157 136 138 148 69 144 158 125 146 162 148 147 163 147 168 134 °163 147 •194 167 132 163 148 193 170 136 169 148 208 167 130 169 149 208 168 132 169 149 208 169 130 172 152 210 172 134 174 155 211 174 139 175 157 210 176 140 174 156 211 do do do__. do do do 199 161 122 123 155 143 196 160 121 118 154 141 193 162 123 122 158 144 187 164 123 121 162 143 188 163 122 123 161 144 189 167 123 127 161 145 191 171 122 130 160 145 193 171 122 126 154 146 do __ do do do do do 130 113 107 110 114 111 128 112 105 107 108 105 130 113 108 106 109 106 129 111 106 103 111 103 128 111 106 100 112 101 128 112 106 100 112 102 130 114 105 102 112 102 do do do do do 157 132 176 142 143 157 132 176 144 135 160 135 179 139 136 160 135 177 140 127 161 135 176 140 120 162 136 176 132 125 . do _ _ do do _ do do.__ 129 88 148 116 138 129 90 148 117 138 129 89 147 129 141 128 85 149 118 140 129 85 149 113 143 123 75 152 60 142 143 143 141 124 124 157 164 153 123 156 233 110 157 163 155 121 168 218 108 154 162 150 116 162 209 109 131 127 136 112 143 184 108 130 127 134 111 143 174 109 do 137 133 132 125 do -do do do do do do 149 155 146 120 148 218 111 144 145 144 118 149 209 108 141 140 145 117 147 219 111 132 118 141 117 137 226 110 — -do.. .do do do do Paper and allied products Printing and publishing Chemicals and allied products J Petroleum and coal products Rubber products - "88 v 159 "95 "133 143 157 145 Nondurable manufactures t Food and beverage manufactures Tobacco manufactures Textile-mill products \pparel and allied products Leather and products - '130 86 '155 96 129 141 Transportation equipment Instruments and related products Furniture and fixtures Lumber and products Stone, clay, and glass products Miscellaneous manufactures _ Minerals Coal Crude oil and natural gas Metal mining. Stone and earth minerals 130 84 '157 '91 '128 130 85 149 140 142 . . _ "133 129 83 155 94 138 130 86 151 121 138 131 84 148 144 149 119 62 149 73 147 131 87 150 121 149 132 90 147 142 151 132 93 147 142 150 130 90 149 114 144 r 184 223 ••174 '117 '114 156 '136 "222 "177 "118 " 115 " 157 "136 " 131 101 110 "140 " 144 " 135 "92 " 156 "121 " 144 CONSUMER DURABLES OUTPUT Unadjusted, total output 1947-49=100 Major consumer durables Autos _Major household goods Furniture and floor coverings Appliances and heaters Radio and television sets Other consumer durables do -do do do do do do _. Seasonally adjusted, total output t Major consumer durables t . Autos ._- --Major household goods t Furniture and floor coverings Appliances and heaters t Radio and television sets O ther consumer durables 189 114 " 142 " 155 " 171 p 111 P 112 BUSINESS SALES AND INVENTORIES § Manufacturing and trade sales (seas, adj.), total bil ofdol 52.9 53.1 53.2 54.4 54.3 52.7 54.5 53.9 55.0 55.6 55.8 '56.6 56.4 do do do.. 27.2 13.6 13.6 27.1 13.3 13.8 27.2 13.5 13.7 27.8 13.8 14.0 27.7 13.9 13.8 26.2 12.6 13.5 27.6 13.7 14.0 27.6 13.7 13.9 28.3 14.2 14.1 28.7 14.3 14.4 28.7 14.5 14.2 '29.2 14.6 14.5 29.2 14.7 14.6 \Vholesale trade total Durable-goods establishments Nondurable-goods establishments do do do 10.4 3.5 6.9 10.3 3.5 6.8 10.4 3.6 6.8 10.7 3.7 7.0 10.6 3.7 6.9 10.5 3.6 6.9 10.6 3.6 7.0 10.3 3.5 6.8 10.6 3.6 7.0 10.6 3.5 7.0 10.6 3.5 7.1 10.9 '3.6 '7.3 10.7 3.5 7.2 Retail trade total Duratle-goods stores Nondurable-goods stores do do do 15.3 5.4 10.0 15.7 5.4 10. 3 15.5 5.3 10.2 15.9 5.4 10.5 16.0 5.5 10.5 16.0 5.5 10.5 16.3 5.5 10.7 16.0 5.3 10.7 16.1 5.5 10.6 16.4 5.7 10.7 16.5 5.8 10.7 16.4 5.7 10.7 16.5 5.8 10.7 83.6 83.8 84.5 85.1 85.6 85.8 86.1 86.5 87.2 88.0 88.5 88.7 88.9 51.8 30.1 21.7 Manufacturing total Durable-goods industries Nondurable-goods industries .._ Manufacturing and trade inventories, book value, end of month (seas, adj.), total bil ofdol M^anufs cturing total Durable-goods industries-. Nondurable-goods industries do do do 46 9 27.0 19.9 47.4 27.4 20.0 48.0 27 7 20.2 48.6 28.1 20.4 49.1 28.2 20.9 49.2 28.2 21.1 49.5 28.2 21.4 50.1 28.7 21.4 50.8 29.4 21.4 51.3 29.9 21.4 51.4 29.9 '21.4 51.5 '29.9 ' 21. 6 Wholesale trade, total Durable-goods establishments Nondurable-goods establishments do _ _ do do 12.5 6.4 6.0 12.6 6.5 6.1 12.6 6.5 6.1 12.7 6.5 6.1 12.7 6.6 6.1 12.8 6.6 6.2 12.8 6.6 6.2 13.0 6.7 6.3 13.1 6.7 6.3 13.2 6.7 6.4 13.3 6.8 6.5 '13.1 6.8 6.4 13.1 6.7 6.4 23.4 10.2 13.2 23.3 10.1 13.2 23.5 10.4 13.1 23.9 10.7 13.2 24.0 10.8 13.2 23.9 10.8 13.1 24.2 23.9 23.9 23.8 23.8 23.8 RetaU trade, total do _ ._ 23.7 11.5 11.1 10.7 11.0 11.2 10.5 10.8 Durable-goods stores do 13.2 12.9 12.8 12.7 13.1 13.3 12.6 Nondurable-goods stores .. do . r a Revised. " Preliminary. January 1956 rcvisions: Ma chinery, ] 65; electr cal machinery, 201. ^Scattered revisions for 1955 will be shown later. §The term "business" here includes only manufact uring ant [ trade. 1Business i aventories•> as showi i on p. S- 1 cover d ita data for manufacturing are shown on p. S-4; those for r ^tail and i vholesale trade on ]3p. S-9, S -10, and S -11. for all types of iproducers, both farrn and nor farm. U ladjusted SURVEY OF CURRENT BUSINESS S-4 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 August Septem- October Novem- December ber ber January February GENERAL BUSINESS INDICATORS—Continued MANUFACTURERS' SALES, INVENTORIES, AND ORDERS Sales, value (unadjusted), total mil of dol Durable- goods industries, total _ __ _ _ _ d o Primary metal do Fabricated metal . _ _ _ . -_do_ _ Machinery (including electrical) do Transportation equipment (including motor vehicles) _ _ . _ - mil. of dol Lumber and furniture do Stone, clay, and glass _ _ _ _ __do Other durable-goods industries. do Nondurable-goods industries, total Food and beverage Tobacco Textile Paper _ Chemical . Petroleum and coal Rubber . _ Other nondurable-goods industries _ do do do _ do do -- - - do do ..-do do.._ Soles, value (seas, adj.), total Durable-goods industries, total Primary metal Fabricated metal Machinery (including electrical) - -_ Transportation equipment (including vehicles) mil Lumber and furniture _ _ Stone clay and glass Other durable-goods industries _ - - __ Nondurable-goods industries, total Food a n d beverage _ _ _ _ _ Tobacco Textile _ _ Paper Chemical Petroleum and coal _ _ _Rubber Other nondurable-goods industries 1,342 3,652 28,505 14,290 2,607 1,427 3,949 27, 370 13, 944 2,493 1,434 3,876 27, 830 14, 069 2,502 1,441 3,957 27, 727 14, 235 2.571 1,484 4,057 24, 122 11, 304 1,063 1,271 3,487 27, 861 13, 428 1,927 1,547 3,845 27, 713 13, 351 2,321 1,513 3,997 30, 237 14, 953 2,603 1,666 4,292 28, 755 14, 469 2,473 1,510 4,039 3, 169 1,101 3,313 1,190 3,181 1,185 3,119 1,167 2, 875 1,261 2,481 1,210 1,065 1,102 2,838 1,014 661 970 1,171 728 1,101 3,049 1,198 860 1,285 3,647 1,029 720 1,051 3,869 889 593 941 13, 761 4,322 13, 492 4,299 12, 818 4,077 14, 433 4, 353 14, 362 4,536 15, 284 4,683 14, 286 4,376 ' 13, 644 4,256 1,212 872 2,079 2,470 425 2,439 1,345 1,184 1,068 2,193 2,591 1,995 2,655 1,907 2 801 1,042 1,108 3,257 1,138 698 1,048 13, 235 3,977 14, 215 4,229 13, 426 4,040 602 304 313 320 738 735 337 802 376 1,056 902 2,052 2,424 458 2,174 1,046 1,056 889 423 2,237 1,168 938 2,059 2,618 460 2,430 2,107 2,501 1,991 2,501 459 2,047 1,847 2,424 1,946 1,960 1,176 907 2,074 2,572 449 2,526 do do do do do motor of dol - do do _ do 27, 224 13, 593 2,457 1,413 3,647 27, 095 13,294 2,444 1,385 3.630 27,231 13, 519 2,442 1,434 3,740 27, 814 13, 754 2,472 1,486 3,935 27, 651 13, 850 2,533 1,484 3,923 26, 158 12, 627 1,224 1,382 4,032 27, 632 13, 665 1,982 1,446 4,022 27, 624 13, 692 2,392 1,427 3,945 28, 329 14, 199 2,529 1,461 4,115 28, 716 14, 321 2, 475 1, 541 4,162 3,137 1,147 3,021 1,102 3,001 1,105 2,971 1,155 1,092 1,091 1,115 3,035 1,186 668 1,039 3,181 1,079 1,036 3,058 1,152 689 1,090 3,165 1,212 1,108 2,972 1,129 716 1,044 1,117 3,387 1,039 706 1,011 do__ do _ do do.-_ do do _ _ do do do- _ 13, 631 4,180 13, 801 4,284 13, 712 4,245 14, 060 4,312 13, 801 4,295 13, 531 4,161 13, 967 4,251 13, 932 4,378 14, 130 4,311 14, 395 4,342 Nondurable-goods industries, total mil. of dol__ Food and beverage _ - do_ _ Tobacco do Textile -do Paper do Chemical do_ _ Petroleum and coal do Rubber do Other nondurable-goods industries __do By stages of fabrication: Purchased materials bil. of dol_ Goods in process do Finished goods - - _- - -_ - --do 1,090 877 1,887 2,440 684 338 1,124 Nondurable-goods industries, total mil. of dol~ Food and beverage - do. _ _ Tobacco do Textile do Paper . -_ ._ do Chemical do Petroleum and coal _ __do Rubber do Other nondurable-goods industries - do By stages of fabrication: Purchased materials. _ bil. of dol- Goods in process do- -Finished goods do 'Revised. 676 323 1,123 893 705 348 1,123 884 367 912 346 1,125 473 693 324 1,089 441 338 1,082 723 345 1,109 329 323 366 983 490 2,653 717 342 353 1,140 2,031 2,520 2,081 2,565 429 2,266 2,301 910 2,095 2,682 463 2,369 2,198 2,152 2,174 2,210 47, 674 27, 592 3,524 2,935 9,222 48, 170 27, 955 3,536 2,962 9,458 48, 834 28,446 3,658 3,037 9,655 49, 284 28,521 3,638 3,052 9,771 49, 180 28,220 3,704 2,943 9,652 49, 130 28, 006 3,835 2,864 9,580 49, 662 28, 423 3,975 2,871 9,677 50, 418 29, 098 4,133 2,886 9,802 50, 981 29, 497 4,249 2,917 9,961 6,860 1,783 1,015 2,164 6,875 1,792 1,040 2,204 6,877 1,830 1,053 2,239 6,889 1,868 1,057 2,282 6,795 1,870 1,072 2,323 6,690 1,877 1,067 2,287 6,600 1,841 1,028 2,258 6,898 1,786 988 2,228 7,331 1,784 7,415 1,775 1,005 2,175 7.3 7.4 7.4 7.6 7.9 8.0 7.8 11.5 11.7 7.9 1,970 2,499 2,185 47, 227 27, 149 3,564 2,803 8,960 445 11.2 8.7 11.4 8.8 9.0 9.2 11.6 9.0 1,979 2,448 459 11.5 8.7 11.5 8.6 936 454 978 2,184 8.1 r 8.8 21, 239 4,821 1,801 2,573 1,215 3, 571 3,164 21, 320 4,892 1,830 2,559 1,207 3,636 3,196 3,137 961 3,039 21, 484 4,957 1,865 2,579 1,220 3,686 3, 151 '970 '614 '923 r 14, 455 r 4, 429 '338 r 1,122 '930 r 2, 155 '2, 969 r 2,183 14, 184 4,355 1,148 874 2,086 2,593 461 2,304 51, 572 29,819 4 354 2,941 10, 002 7, 455 1,800 1,047 2,220 8.4 ¥> 3 8.9 13,862 4,318 306 1,089 837 1,973 2,706 29,179 14, 722 2,385 1, 554 4,230 363 r 931 602 835 28 691 '29,183 14 507 ' r14, 642 2, 444 2,348 ' 1,560 1,457 '4,205 4,125 r 1,034 r 483 3,701 2, 029 999 682 8.3 12.2 8.6 r 3 814 3 862 12.3 11.9 r 27 858 2B 924 ' 14, 469 13,996 2 325 '2, 540 'r 1,544 1,476 4, 064 4,126 443 2,002 1,184 1,122 863 822 350 445 1,939 2,567 451 2,221 1,940 2,515 854 345 426 2,387 898 2,094 2,572 436 2,262 889 2,028 2,552 450 27 832 14, 188 2,353 1,311 4,232 910 931 2,097 2,633 464 904 9.1 r 3, 782 ' 1, 010 '690 '951 3,885 1,023 717 928 14, 541 4, 569 '356 14, 457 4,578 1,100 1,184 r r 356 ' 912 r 2, 095 '2,883 863 2,028 2,790 ' 2, 152 2, 184 474 r 51, 971 52, 236 ' 30, 037 30, 274 '4,325 4 320 ' 2, 989 3,019 ' 10, 092 10, 237 ' 7, 526 -•1,804 ' 1, 078 '2,223 8.2 ' 12. 5 '9.4 7,518 1,804 1,116 2,260 8.2 12.5 9.6 20,215 4,303 1,884 2,542 1,145 3,434 2,789 1,019 3,099 20, 388 4,238 1,829 2,602 1,144 3,477 2,856 1,024 3,218 20,763 4,337 1,785 2,618 1,181 3,545 2,924 1,004 3,369 20,960 4,492 1,749 2,612 1,213 3,557 3,041 957 3,339 21, 124 4,694 1,763 2,606 1,217 3,546 3,096 3,015 20,082 4,323 1,926 2,506 1,139 3,406 2,729 1,018 3,035 8.4 3.0 8.7 8.4 3.0 8.7 8.3 3.0 8.9 8.2 3.1 9.1 8.2 3.1 9.4 8.3 3.1 9.5 8.3 3.1 9.7 8.4 3.1 9.8 8.5 3.1 9.7 8.7 3.1 9.8 47, 433 27, 432 3,677 2,877 9,094 47^958 27, 723 3,688 2,933 9,292 48, 566 28, 123 3,770 2,920 9, 523 49, 080 28, 174 3,718 2,907 9,563 49, 238 28,179 3,698 2,885 9,654 49, 535 28, 178 3,809 2,893 9,684 50, 106 28, 708 3,892 2,960 9,814 50, 830 29, 408 4,037 3,006 9,979 51. 357 29, 925 4,128 3,039 10, 159 6,800 1,792 1,010 2,182 6,781 1,812 1,022 2,195 6,830 1,850 1,036 2,194 6,755 1,870 1,061 2,300 6,730 1,858 1,067 2,287 6,639 1,823 1,049 2,281 6,946 1,804 1,019 2,273 7,308 1,820 1,029 2, 229 7,511 1,811 1,058 2,219 7,427 1,782 1 047 2,289 ' 7, 430 ' 1,804 ' 1 057 '2,245 7,479 1 804 1 073 2,216 8.1 8 2 12.5 9 3 '8.1 '12.4 '9.4 12.4 20, 078 4,434 1,924 2,477 1,115 3,377 2,737 999 Inventories, end of month: Book value (seas, adj.), total mil. of dol__ 46, 897 27, 009 Durable-goods industries, total _ do 3,570 Primary metal do 2,803 Fabricated metal do 8,939 Machinery (including electrical) do - _ Transportation equipment (including motor 6,816 vehicles).mil. of dol1,783 Lumber and furniture do 976 Stone clay, and glass do 2,122 Other durable-goods industries do By stages of fabrication: 7.3 Purchased materials bil. of dol- . 11.1 Goods in process. do 8.6 Finished goods - --do 696 355 920 794 Inventories, end of month: Book value (unadjusted), total _ __do_Durable-goods industries, total - do Primary metal do Fabricated metal do _ Machinery (including electrical) do Transportation equipment (including motor vehicles) mil. of dol__ Lumber and furniture do Stone, clay, and glass do Other durable-goods industries _ -do By stages of fabrication: Purchased materials bil. of dol Goods in process do Finished goods - - do T 26, 536 13, 301 2,393 7.5 7.7 11.2 7.8 11.4 11.6 8.7 8.7 8.0 11.5 7.8 7.9 8.0 11.9 12.2 3,185 21, 357 4,698 1,876 2,632 1,255 3,618 3,065 1,007 3,206 21, 398 4,713 1,838 2,599 1,227 3,714 3,133 1,007 3,167 21, 422 4,696 1 812 2,611 1,232 3,740 3,133 1,022 3,176 21, 432 4,715 1 847 2 632 1,232 3 703 3,089 1 024 3 190 8.5 3.1 9.5 8.6 3.1 9.6 8.5 3.1 9.8 8.5 3.1 9.8 8.5 8.6 21, 059 4,634 1,861 2,586 1,225 3,540 3,041 970 3,033 20,235 4,448 1,865 2,492 1,134 3,407 2,817 970 3,102 20, 443 4,467 1,866 2,526 1,144 3,479 2,828 3,148 20,906 4,587 1,879 2,618 1,181 3, 512 2,953 975 3,201 8.2 3.0 8.7 8.2 2.9 8.9 8.2 3.0 9.0 8.3 3.0 9.1 8.4 3.1 9.3 985 957 11.6 7.9 11.6 8.7 20,001 4,391 1,870 2,457 1, 117 3,361 2,785 979 3,041 19, 888 4,361 1,832 2,477 1,083 3,339 2,793 947 3,255 ' 21, 753 ' 21, 934 21,962 4,739 4,899 '4,885 2,110 1 927 ' 2,097 2,625 ' 2, 645 2,672 1,305 1, 258 7' 1,258 3,863 3, 792 3,783 ' 3, 022 3,028 3,154 973 1.015 1,008 3,220 3,053 3,099 '3,220 8.6 987 8.7 8.9 9.2 8 9 31 9.8 r 12.5 9.3 31 Q! 8 r '8.9 3.1 9.9 8.9 3.2 9.9 51, 373 ' 51, 498 51, 847 29,935 ' 29, 884 30,129 4,226 ' 4, 259 4,327 3,019 3,064 ' 3, 019 10, 211 10, 100 ' 10, 070 21, 438 ' 21, 614 4 676 ' 4 712 1 853 ' 1 942 '2 672 2 679 ' 1 258 1,246 3 689 '3 721 3,123 '3 113 998 3,174 8.6 3 1 9.7 995 '3 201 8.2 9.5 21, 718 4 675 1 972 2 672 1 267 3 808 3 090 3 239 8.7 8.7 9.9 io!o 31 31 March SUEVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-5 1956 February March April May June July 1957 August Septem- October Novem- December ber ber January February March GENERAL BUSINESS INDICATORS—Continued MANUFACTURERS' SALES, INVENTORIES, AND ORDERS— Continued New orders, net (unadjusted), total mil. of dol._ Durable-goods industries, total _ . . do _. Primary metal do Fabricated metal. do_ . Machinery (including electrical) _ do _ Transportation equipment (including motor vehicles) mil. of dol Other durable-goods industries.do _ 27, 076 13, 931 2,682 1,444 3,908 28, 593 14, 557 2,613 1,538 4,162 27, 556 14, 257 2,146 1,609 4,335 27, 945 14, 223 2 488 1,492 4,187 28, 796 15, 236 2 180 1,401 4,613 25, 936 13, 143 2 014 1,366 4,007 29, 240 14 973 2 322 1,481 4 045 28, 134 13 818 2 039 1,639 4 080 29, 683 14 247 2 401 1 583 4 393 3,011 2.886 3,173 3,071 3,188 2,979 3,052 3,004 3,842 3,200 3,001 2,755 4 050 3,075 3 156 2,904 2 774 3 096 13, 145 3,011 10, 134 14, 036 3, 134 10, 902 13, 299 2 970 10, 329 13, 722 3 035 10, 687 13, 560 3 106 10, 454 12, 793 2 734 10, 059 14 267 3 069 11 198 14 316 3 291 11 025 27, 627 14, 107 2,737 1,520 3,953 26. 912 13, 337 2 333 1,373 3,877 27, 752 14, 073 2 146 1,577 4,122 28, 803 14, 732 2 392 1,538 4 460 27, 883 14, 185 2 319 1,334 4 311 26, 998 13, 513 2 166 1,366 4 140 29, 099 15 166 2 322 1 346 4 195 3,011 2,886 2,884 2,870 3,188 3,040 3,213 3,129 3,202 3,019 3,001 2,840 do __ do_ _ - do._ 13, 520 3,041 10, 479 13, 575 2,929 10, 646 13, 679 3,094 10, 585 14, 071 3,229 10, 842 13, 698 3.045 10, 653 Unfilled orders, end of month (unadj.), total do Durable-goods industries, total __do _ Primary metal - - do__ Fabricated metal do Machinery (including electrical) - do__ Transportation equipment (including motor vehicles) mil. of dol Other industries, including ordnance do 57, 136 53, 944 7,381 4,176 16, 823 57, 224 54, 211 7,387 4,287 17, 036 57, 410 54, 524 7,040 4 462 17, 495 57, 525 54, 678 7,026 4 513 17, 725 21 088 4,476 20 948 4, 553 20 879 4,648 do. _ 3,192 3,013 number 12, 503 Nondurable-goods industries, total Industries with unfilled orders 9 Industries without unfilled orders^ - ._ _ _ do_ .. do do _. - New orders, net (seas, adjusted), total _- do _ . Durable-goods industries, total-_ - - do Primary metal do Fabricated metal _ _ _ __ _ do __ Machinery (including electrical) do Transportation equipment (including motor vehicles) mil. of dol Other durable-goods industries do .. Nondurable-goods industries, total _ _ Industries with unfilled orders 9 Industries without unfilled orders! Nondurable-goods industries, total 9 29, 091 r 28, 248 14 534 14 741 2 447 2 615 1*413 1 386 4 184 4 072 652 362 293 515 177 27, 470 13 640 2 375 1 559 3 965 4 336 2 154 r 3 669 r 2 708 3 338 2 403 15 436 3 758 11 678 14 350 r 13 714 3 Oil 3 305 ll' 045 r 10 703 r 14 290 r 11 281 13 830 3 007 10 823 28 072 14 266 2 192 1 576 4 200 28 906 14 591 2 475 1 583 4 445 29 438 ' 28 844 r 28 935 14 544 r 14 393 15 130 2 423 r 2 316 2 672 1 570 r i 595 1 540 4 054 r 4 209 4* 436 28 175 13 831 2 306 1 591 4 017 4 402 2,901 3 394 2 904 3 082 3 006 r 3 669 r 2 604 3 514 2 403 13, 485 3,072 10, 413 13, 933 3, 100 10, 833 13, 806 3 047 10, 759 14 315 3 416 10 899 14 308 »• 14 300 r 14 542 3 238 r 3 134 3 148 11 160 r 11, 062 r 11 408 14 344 3 037 11 307 58, 594 55, 679 6,635 4 430 18 281 60, 408 57, 518 7,586 4 525 18, 801 61, 787 59,063 7 981 4 459 19, 001 62, 227 59, 549 7 699 4 585 19 084 61, 654 58 824 7 497 4 502 19 185 61, 990 59 096 7 639 4 378 19 218 62, 406 59 442 7 733 4 480 19* 170 r 62, 134 r 59 335 r 7 4g6 r 4 4*1 r 19 283 61, 746 58 979 7 536 4 534 19 122 20 750 4 664 21 473 4 860 21 636 4,970 22 811 4 811 23 486 4 695 23 211 4 429 23 579 4 282 24 046 4 013 r 23 901 r 4 214 23 538 4 249 2,886 2,847 2,915 2,890 2,724 2 678 2 830 2 894 2 964 r 2 799 2 767 12, 822 12 475 13 142 11 952 11 513 11 339 9 583 11 546 9 749 10 788 14 632 12 075 4 015 2 653 3 718 2 764 4 130 2 367 •• 28, r 14 r2 ri r4 r 3 009 BUSINESS INCORPORATIONS <? New incorporations (48 States) INDUSTRIAL AND COMMERCIAL FAILURES <? 1,024 1,170 985 1,164 1,105 1,018 1,101 932 1 158 999 982 1 148 1 146 - do do _ _ _ -do do _ do 62 141 202 511 108 102 150 224 572 122 91 153 186 463 92 94 132 245 575 118 93 163 183 551 115 87 141 165 540 85 95 146 195 567 98 72 146 140 489 85 82 182 198 584 112 86 171 166 482 94 83 183 172 472 72 71 177 197 612 91 93 180 199 568 106 thous. of doL. 49, 189 42, 622 41, 871 59, 901 43, 013 48, 689 55, 040 39, 313 50, 004 39, 886 50, 279 54, 060 65, 406 1,920 9,881 17, 647 14,693 5,048 2,015 7,089 15, 649 12, 430 5,439 2,900 6,967 17, 142 10, 772 4,090 3,619 8,877 28, 450 13, 242 5 713 3,588 8,598 10, 684 12, 812 7,331 7,442 7,488 9,005 11, 945 12 809 4,127 7,507 17, 828 14, 772 10, 806 2,058 7 840 9, 539 15, 656 4 220 3 629 11 145 17, 345 12 368 5 517 1 854 11 099 11 714 11 476 3 743 3 780 8 149 21 785 10 946 5 619 4 10 16 17 5 2 8 33 14 6 Failures total number- Commercial service Construction Manufacturing and mining Retail trade Wholesale trade Liabilities (current), total Commercial service Construction M anuf acturing and mining Retail trade ^iVholesale trade - -- do _.. do do do_ _ . do 086 672 105 862 335 493 440 402 780 291 COMMODITY PRICES PRICES RECEIVED AND PAID BY FARMERS Prices received, all farm products^ 1910-14=100__ Crops Commercial vegetables, fresh market Cotton Feed grains and hay Food grains Fruit Oil-bearing crops Potatoes§ . .. Tobacco Livestock and products Dairy products Meat animals Poultry and eggs _ Wool - - - 227 228 235 242 247 244 237 236 234 234 237 238 234 do do do do do 233 236 245 252 263 258 236 234 232 239 240 239 233 do do do do. _. do do do _ _ __do_ _ do Prices paid: All commodities and services do Family living items _ _ . __ _do_ Production items do All commodities and services, interest, taxes, and wa^e rates _ 1910-14=100__ Parity ratio©... r do 264 262 ]73 220 237 236 272 270 392 226 310 273 192 218 286 274 194 216 230 263 197 218 178 275 196 222 203 270 178 225 264 270 182 232 277 262 185 234 249 256 187 236 225 255 181 235 236 252 181 235 218 253 234 453 233 265 283 454 266 259 338 453 225 250 387 453 210 249 203 451 233 234 161 455 232 249 141 453 218 262 154 443 216 264 158 461 227 266 162 457 221 260 153 458 237 265 148 459 221 250 221 187 224 227 246 237 180 226 233 247 251 178 231 232 247 252 171 231 232 253 246 174 233 238 256 259 171 232 238 264 254 172 231 236 272 245 167 238 230 277 231 164 249 234 275 239 165 256 237 269 254 155 262 234 266 249 157 267 238 260 263 150 274 261 274 261 274 264 278 264 280 266 282 267 281 266 279 265 279 267 281 268 283 269 283 271 284 256 259 258 267 174 223 260 275 185 229 212 239 175 452 211 245 196 453 220 257 215 188 226 259 272 245 246 280 '281 284 81 81 83 248 250 250 248 248 286 286 287 288 85 86 85 82 255 272 284 250 252 287 287 289 290 292 294 295 82 82 81 82 82 80 80 252 252 Revised. 9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries £s iare zero, IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new on orders. cFData are from Dun and Bradstreet, Inc. JData beginning January 1953 have been revised to incorporate the latest revisions in the price series for individual commodities; unpublished revisions (prior to April 1955) will be shown later. ,r. § Includes sweetpotatoes and dry edible beans. ©Ratio of prices received to prices paid (including interest, taxes, and wage rates). S-6 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS SURVEY OF CUKRENT BUSINESS April 1957 1956 February March April May June July 1957 Novem- DecemAugust September October ber ber January February March COMMODITY PRICES—Continued RETAIL PRICES All commodities (U. S. Department of Commerce index) 1935-39 =100 Consumer price index (U. S. Department of Labor) : All items _ . . 1947-49 =100. Apparel do Food9 . __ do Dairy products do Fruits and vegetables . do Meats, poultry, and fish do Housing 9 ._ do _ Gas and electricity do Housefurnishings -- do Rent do Medical care ._ do,-_ Personal care .do Reading and recreation do Transportation do Private do Public do _ Other goods and services - -do 207.7 208.2 208.8 209.8 211.9 213.6 212.5 213.1 213.4 213.8 213.9 214 1 215 1 114.6 104.6 114.7 104.8 109.0 106.9 114.8 92.8 120.7 111.7 103.1 131.6 131.4 119.2 107.7 126.7 116.8 170.8 121.2 114.9 104.8 109.6 106.4 116.7 94.0 120.8 111.8 102.7 131.7 131. 6 119.5 108.2 126.4 116.5 170.8 121.4 115.4 104.8 111.0 107.5 121.5 95.5 120.9 111.8 102.6 132.2 131.9 119.6 108.2 127.1 117.1 172.5 121.5 116.2 104.8 113.2 107.7 131.4 98.0 121.4 111.7 102.8 132.5 132.0 119.9 107.6 126.8 116.7 172.6 121.8 117.0 105.3 114.8 108.7 135.2 99.3 121.8 111.7 102.8 133.2 132.7 120.1 107.7 127.7 117.6 172.7 122.2 116.8 105.5 113.1 109.2 120.7 99.9 122.2 112.1 102.6 133.2 133.3 120.3 107.9 128.5 118.6 172.9 122.1 117.1 106.5 113.1 109.8 114.8 101.3 122.5 112.2 103.3 133.4 134.0 120.5 108.4 128.6 118.7 173.0 122.7 117.7 106.8 113.1 110.7 113.9 100.8 122.8 112.0 103.6 133.4 134.1 120.8 108.5 132. 6 122.9 173.0 123.0 117.8 107.0 112.9 111.1 115.8 98.8 123.0 111.8 103.8 133.8 134.5 121.4 109.0 133.2 123.5 173.4 123.2 118.0 107.0 112.9 111.3 117.4 98.0 123.5 112.0 104.1 134.2 134.7 121.8 109.3 133.1 123.3 174.1 123.3 118.2 106.4 112.8 111.2 116.9 99.0 123.8 112.3 104.0 134.2 135.3 122.1 109.9 133.6 123.8 174.9 123.8 i 118. 7 106.1 113.6 111.1 116.5 101.4 124.5 112.4 105.0 134.2 135.5 122.6 110.0 134.4 124.5 175.8 124.0 108.8 107.3 113.3 93.6 120.7 111.7 102.5 131.5 130.9 118.9 107.5 126.9 117.0 170.5 120.9 WHOLESALE PRICES & (U. S. Department of Labor indexes) 116.3 115.6 116.9 115.5 114.2 114.4 115.9 114.7 114.0 112.8 116.9 113.6 117.0 112.4 All commodities 1947-49=100.. Economic sector: * 96.6 96.4 96.8 95.0 95.0 94.9 96.6 95.4 93.4 96.7 95.7 97.4 '96.7 93.3 Crude materials for further processing do Intermediate materials, supplies, and components 124.2 123.6 122.6 124. 9 121.3 122.2 123.8 121.7 121.0 123.0 121.7 124.8 ' 125. 1 120.3 1947-49=100.116.2 114.1 116. 8 116.2 115.6 114.0 114.0 113.6 112.3 115.3 112.7 116.7 •• 117. 0 112.0 Finished goods © . _ . _ _ d o _ 88.9 88.4 89.1 88.* 87.9 90.1 90.0 91.2 90.9 88.0 86.6 88.8 89.3 86.0 Farm products 9 do 102.6 97.6 94. li 104.3 94.8 111.8 95.3 120.2 111.8 106.5 96.1 100.7 101.8 98.2 Fruits and vegetables, fresh and dried do-._ 88.8 84.0 88.8 88.4 87.5. 87.9 86.9 90.5 89.5 90.7 89.5 84.5 87.0 82.9 Grains do 71.7 73.0 68.6 72.9 76: 6> 76.0 74.4 73.9 74.8 67.5 75. Q} 75.7 70.8 67.7 Livestock and live poultry do 103.6 103.1 102.6 l©3vT 103.6 102.2 102.3 102.4 99.2 104.3 r 103. 9? 100.4 104.0 99.0 Foods processed 9 do 115.4 115.3 114.5 114.8 116;.7 115.8 114.6 115.3 115.5 115.8 115.4 11&.9' 115.6 115.4 Cereal and bakery products _ do 112.6 110.9 108.9 113.6 107.9 111.3 112.5 108.0 107.9 1121 5. 109.7 105.9 106.1 106.1 Dairy products and ice cream do 106.4 105. & 105.6 106.4 107.3 109.3 106.8 109.7 109.3 105.6 109.0 108.6 108.9 m» Fruits and vegetables, canned and frozen — do 81.5 85.1 84.6. 85.7 82.7 83.1 82.1 84.8 89.3 83.7 79.3 74.6 76.1 83Lft Meats, poultry, and fish do Commodities other than farm products and foods 124.7 123.6 124.2 m.5. I 125.4 123.1 122.5 121.4 125.2 121.5 121.7 121.0 121.6 120.6 1947-49=100.. 108.3 108.2 107.7 107.3 108v8i \ 108.8 107.1 107.3 106.9 108.7 107.1 106.9 106.5 106.4 C hemicals and allied products 9do 122.5 122. 9 122.6 122.5 122.1 122.1 12&.2 123.5 121.9 121.1 120.8 120.9 120.0 119.9 Chemicals, industrial do 92.5 91.9 93, 2 91.9 92.2 92.1 92.1 92.3 92.2 *9&1 92.6 91.9 91.9 92.0 T)rugs and Pharmaceuticals § do 59.4 58,0 55.8 55.4 55.1 60.3 58.7 57.8 53.8 53.7 58.1 55.0 s&a 54.4 Fats and oils, inedible do 106.8 105.7 104.1 106.0 105. 9 105.7 !€&.$ 104.5 109.1 105.7 108.7 112.4 112.8 113.0 Fertilizer materials - - do _ 124.1 124.1 122.4 119.1 119.1 119.1 124.1 123.6 12&1 119.1 119.1 119.1 119.1 119.1 Prepared paint --do 114.0 111.7 110.9 ms 119-.6 119.4 111.2 111.1 110.5 110.8 110.7 110.6 110.9 111.2 Fuel power, and lighting materials 9 do 123.5 124.1 ; 124.& 121.0 113.8 112.3 123.6 122.0 114.4 112.9 111.9 111.7 110.1 109.9 Coal do 94.3 94.9 94.9 WL& 93.2 94.3 94.3 94.9 '94.3 93.8 93.8 93.2 94.3 94.3 Electricity -do 119.9 119. 9 111.1 111.1 109.4 110.3 111.3 115.4 122.3 ' 122.3 109.7 117.5 122.7 122.0 Gas do 120.9 118.3 m.9 131.0 117.5 118.3 118.3 130.7 118.4 118.8 118.3 117.5 116.8 117.5 Petroleum and products do 121.2 119.1 121.0 121.9 '121.9 118.0 121.8 121.1 118.3 118.1 118.0 119.7 118.1 118.2 Furniture other household durables 9 do 105.9 106.5 105.0 104.4 106.5 105.1 105.0 105.2 106,7 106.8 106.5 105.5 105.3 105.7 Appliances household do 121.2 122.0 121.2 120.8 119.5 118.0 122.0 120.4 119.2 122.0 118.1 117.5 117.8 117.3 Furniture, household do 91.0 91.1 91.1 91.1 91.0 89.6 91.1 91.1 91.0 90.7 89.7 89.7 89.7 89.7 Radio receivers and phonographs do 69.7 69.9 69.6 69.5 69.9 69.9 69.1 69.3 69.9 70.1 69.3 69.5 69.9 69.9 Television receivers do 99.2 99.7 100.0 100.1 100.2 98.4 99.8 100.2 100.0 98.3 98.0 100.6 97.7 97.1 Hides skins and leather products 9 do 120.8 120.7 120.5 120.9 120.8 120.8 120.8 120.5 120.5 120.5 120.0 116.5 119.9 115.8 Footwear - _ do 53.8 57.8 52.1 60.4 60.4 61.2 51.0 50.1 59.0 63.3 59.0 58.3 61.9 68.2 Hides and skins do 90.9 90.9 88.6 87.8 88.2 90.8 91.6 91.7 90.6 90.8 92.9 94.6 90.9 89.9 Leather do 121.0 120.1 122.0 125.2 120.7 121.3 121.5 123.6 127.3 126.6 128.0 128.0 128.5 126.7 Lumber and wood products tvdo 121.1 122.5 123.6 125.2 123.1 122.6 *• 121. 9 127.1 128.5 129.6 130.4 130.6 129.9 128.2 Lumber -- do 144. 6 143.6 141.1 143.9 137.7 ' 144. 5 143.4 136.9 136.5 139.7 136.8 134.7 135.7 133.9 Machinery and motive products 9 do.-. 131.2 129.5 126.9 131.8 ' 132. 1 126.6 126.5 132.2 127.4 126.8 130.8 126.1 126.1 126.8 Agricultural machinery and equip do 155.9 149.4 156.2 156.2 155.5 154.7 151.5 156.6 146.6 147.8 146.8 143.5 144.8 143.5 Construction machinery and equip do 145.4 143.2 146.0 137.4 137.6 147.3 147.1 145.2 138.0 137.0 142.0 133.6 135.6 133.2 Electrical machinery and equipment do... 134. 6 134.3 134.3 129.1 ' 134. 6 134.2 130.8 129.1 129.4 129.1 129.1 129.0 129.1 127.5 Motor vehicles do 152.3 152.2 152.1 152.2 150.2 144.9 151.0 ' 151. 4 151.9 145.8 146.8 147.7 146.5 145.1 2Vtetals and metal products 9 - - do 122.1 122.5 119.1 117.9 117.4 122.3 - 122. 8 117.3 122.0 121.9 121.0 117.3 117.1 117.1 Heating equipment do 163.3 161.1 159.4 149.9 163.8 164.3 161.5 149.5 ' 163. 9 162.5 150.8 151.0 149.4 149.1 Iron and steel -- --- ••-do 149.6 152.5 154.1 155.4 158.0 148.7 ' 145. 4 143.4 149.7 160.0 163.2 154.8 162.0 157.1 Nonferrous metals do — 131.3 133.2 131.5 130.8 130.6 132.0 ' 132. 7 131.2 128.9 131.1 128.6 128.6 127.9 127.1 Nonmetallic minerals, structural 9 do -150.5 150.1 150.8 150.7 150.6 150. 3 150.1 149.3 146.5 150.1 146.1 146.0 145.9 145.6 Clay products - do 125.3 125.6 123.4 125.7 125.3 125.0 123.0 121.9 125.6 121.7 124.8 121.7 121.1 121.1 Concrete products do 127.1 127.1 127.1 127.1 127.1 127.1 127.1 127.1 127.1 127.1 127.1 127.1 127.1 127.1 Gypsum products do 128.0 128.7 128.5 127.9 128.6 127.8 128.1 127.7 127.4 127.9 127.3 127.4 126.8 125.4 Pulp, paper, and allied products... do... 140.1 139.2 139.2 139.2 139.2 138.2 138.2 137.0 139.1 138.9 136.2 136.2 136.2 135.0 Paper do — 144.3 147.9 145.0 143.3 ' 143. 9 145.8 146.9 146.9 145.7 142.8 143.5 146.2 145.0 147.1 Rubber and products _do.-. 153.4 153.4 149.0 148.8 ' 149. 0 153.4 153.4 149.3 153.4 151.8 151.8 151.8 151.8 151.8 Tires and tubes - - do 95.4 95.8 95.6 95.4 95.7 95.3 94.8 94.9 94.9 94.9 94.8 95.1 95.9 96.0 Textile products and apparel 9 _do.-. 99.6 99.7 99.7 99.6 99.7 99.7 99.7 99.8 99.7 99.4 99.7 99.5 99.7 99.5 Apparel ._-do.-. 91.2 91.9 92.3 92.7 91.9 92.8 92.7 92.3 92.7 91.5 93.1 93.7 94.1 94.3 Cotton products do.-123.2 122.8 123.0 122.8 121.0 122.7 123.6 122.0 124.7 120.1 125.0 121.0 119.5 119.5 Silk products.. do__82.1 81.7 80.5 80.4 82.0 80.3 80.9 80.3 80.2 80.4 80.3 84.5 80.6 84.8 Man-madefibertextile products - ... do 109.5 109.1 109.0 107.7 103.4 106.1 104.8 103.1 103.9 102.9 102.9 102.5 102.: 102.7 Wool products do 124.1 124.1 124.0 123.6 123.5 123.1 122.5 121.7 121.6 122.8 121.6 121.7 121.7 121.7 Tobacco mfs and bottled beverages 9 do 119.0 117.2 119.0 119.0 118.1 118.1 116.9 116.2 114.6 114.6 114.6 114.7 114.7 114.7 Beverages, alcoholic... do... 124.0 124.0 124.0 124.0 124.0 124.0 124.0 124.0 124.0 124.0 124.0 124.0 124.0 124.0 Cigarettes — do 89.2 92.4 93.2 91.7 91.2 91.1 89.9 92.0 91.3 92.9 92.1 96.1 88.2 88.7 Miscellaneous do — 116.9 117.5 117.5 116.3 117.5 116.7 116.8 115.7 116.6 115.8 115.8 115.7 115.8 115.8 Toys, sporting goods do--Revised. * Index based on 1935-39=100 is 198.5. *New series. Data prior to February 1955 will be shown 9 Includes data not shown separately. d"For actual wholesale prices of individual commodities, see respective commodities^ § Effective with the January 1955 index, cosmetics and related products were transferred from drugs, etc., to the "other chemicals" later'. ©Goods to users, including raw foods and fuels, subgroup. SURVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-7 1956 February March April May June July 1957 DecemAugust SeptemOctober November ber ber January February March COMMODITY PRICES—Continued PURCHASING POWER OF THE DOLLAR As measured byWholesale prices. Consumer prices Retail food prices _ 1947-49=100._ do _ _ do 89.0 87.3 91.9 88.7 87.2 91.7 88.0 87.0 91.2 87.4 86.7 90.1 87.6 86.1 88.3 87.7 85.5 87.1 87.2 85.6 88.4 86.6 85.4 88 4 88.5 85.0 88 4 86.3 84.9 88 6 86.0 84 7 88 6 85.5 84.6 88.7 1 1 85.5 S4. 2 88 0 *85. 5 CONSTRUCTION AND REAL ESTATE CONSTRUCTION ACTIVITY 9 New construction (unadjusted), total mil. of dol._ Private, total -.do Residential (nonfarm) do New dwelling units do Additions and alterations do Nonresidential building, except farm and public utility, total mil. of do] Industrial _-_ . . do Commercial do Farm construction do Public utility do Public, total do Nonresidential building . _ do Military facilities do Highway.. __ . do Other types do New construction (seasonally adjusted), total do Private, total _ _ do Residential (nonfarm) . _ do Nonresidential building, except farm and public utility mil ofdol Farm construction do Public utility _._ do Public, total do Nonresidential building do Highway. . _ do 2,821 2,088 998 895 73 3,071 2,260 1,116 1,000 86 3,421 2,424 1,232 1,090 109 3,780 2,600 1,319 1,150 132 4,105 2,786 1,417 1,235 142 4,242 2,862 1,442 1,260 139 4,304 2,882 1,440 1,260 139 4,264 2,843 1,415 1,240 135 4,133 2,766 1,365 1,195 129 3,800 2,666 1,313 1,145 126 3,370 2,472 1,202 1,060 102 ' 3, 075 ' 2, 910 ' 2, 212 ' 2, 110 1,017 '926 '810 900 79 '80 3,172 2,259 1,013 890 89 648 225 252 101 334 733 284 82 200 167 3,636 655 226 257 109 373 811 301 89 225 196 3,570 665 239 252 121 398 997 314 104 355 224 3,683 705 252 266 139 427 1,180 335 115 485 245 3,744 760 263 290 150 448 1,319 359 134 565 261 3,754 787 270 300 159 462 1,380 379 135 590 276 3,727 788 276 293 161 481 1,422 392 142 605 283 3,725 788 276 288 148 480 1,421 382 144 615 280 3,701 793 274 287 122 474 1,367 373 140 575 279 3,665 794 271 288 103 445 1,134 338 118 420 258 3,699 768 270 272 90 402 898 311 108 250 229 3,729 '721 -269 '246 91 '372 863 331 93 220 119 ' 3, 769 ' '705 '270 '240 96 '371 800 304 86 205 205 3, 740 709 269 249 105 419 913 345 95 240 233 3,695 2,522 1,280 2,528 1,268 2,582 1,297 2,608 1,306 2,605 1,300 2,618 1,299 2,617 1,297 2,596 1,286 2,551 1,241 2, 551 1,239 2,542 1,239 ' 2, 529 ' 2, 529 1,211 ' 1, 187 2,522 1.151 687 129 418 1,114 338 447 705 128 419 1,042 320 395 731 127 419 1,101 314 436 745 126 423 1, 136 325 450 749 125 423 1,149 340 440 759 125 425 1,109 338 411 758 124 427 1, 108 347 399 750 123 425 1,105 348 390 752 122 423 1,114 350 390 755 121 424 1,148 357 417 748 120 423 1,187 350 455 '730 121 '454 1,240 376 489 '741 123 '464 1,211 362 466 2,229 744 1,486 2,300 892 1,407 2,161 838 1,323 56 749 63 914 61 820 89 946 73 817 82 875 410 400 278 125 169 188 761 124 471 1.173 367 429 CONTRACT AWARDS Construction contracts in 48 States (F. W. Dodge Corp.):f Total valuation.. __mil. ofdol.. Public ownership do Private ownership do Nonresiden-tial buildings: Floor area thous of sq ft Valuation mil of dol Residential buildings: Floor area thous of sq ft Valuation. _ mil. of dol__ Public works: Valuation mil. of dol Utilities: Valuation mil of dol Value of contract awards, 37 States (F. R. indexes): Total unadjusted 1947-49—100 Residential unadjusted do 267 285 291 334 319 370 310 340 298 297 281 269 273 262 254 251 237 224 217 190 306 318 287 317 277 315 257 286 256 269 255 265 260 264 251 250 248 230 242 197 mil ofdol 1,781 2 379 1,869 2,120 1,622 1,835 1,828 1,480 1,878 1,736 1,590 1,664 1,436 Highway concrete pavement contract awards :d" Total thous of sq yd Airports do Roads do Streets and alleys do 8,259 1,726 4,319 2,214 8,362 798 4,547 3,017 7,578 337 3,764 3,477 8,513 1,084 3,873 3,557 7,876 720 4,346 2,810 4,795 408 1,893 2,494 8,398 1,486 3,219 3,693 5, 267 695 1.911 2, 661 7,302 953 •3,524 2,825 5,159 1,212 2,211 1,737 26,501 405 2 3, 955 2 2, 141 7,163 1,499 3,990 1,674 7, 229 1,489 4,425 1,316 Total seasonally adjusted Residential seasonally adjusted Engineering construction: Contract awards (EN R)§ do do 1,468 NEW DWELLING UNITS (U. S. Department of Labor) New permanent nonfarm dwelling units started: Unadjusted: 77.4 93.6 65.0 65.0 83.0 93.9 ••63.6 103.9 113.7 101.1 107.4 98.6 '111.4 Total, privately and publicly owned. __ thousands.. » ' 78. 4 62.2 62.5 77.0 75.5 91.2 '62.9 103.2 99.0 110.8 90.7 104.6 109.9 77.0 93.9 Privately owned, total _. do 44.2 45.0 54.2 54.6 63.4 '44.6 70.5 76.3 68.1 56.9 69.6 60.8 75.3 72.8 In metropolitan areas do .4 2.5 2.8 r .7 7.5 2.4 2.1 3.2 .7 2.9 '1.5 2.8 •'1.4 4.7 Publicly owned do Seasonally adjusted at annual rate: 910.0 880.0 1, 127. 0 1, 094. 0 1, 157. 0 1, 146. 0 1,091.0 1, 070. 0 1,136.0 1, 008. 0 1, 052. 0 1, 027. 0 ' 1,020.0 1, 010. 0 Privately owned, total t do Building construction authorized, all permit-issuing places: 51.4 79.3 48.1 70.4 '61.7 86.0 81.3 96.1 88.3 94.6 98.1 •71.1 New dwelling units total thousands 50.8 76.8 47.5 85.4 68.6 80.5 85.8 70.2 '61.1 94.7 92.3 97.1 Privately financed total do 41.0 67.0 52.2 39.1 75.1 71.9 59.8 84.5 76.6 81.2 86.5 61.7 Units in 1 family structures do 1.9 2.4 1.7 2.5 2.6 2.5 2.2 3.1 2.7 2.5 3.2 2.9 Units in 2 family structures do 7.9 '6.4 6.7 6.6 7.3 7.8 6.4 6.1 7.1 7.8 7.8 6.0 Units in multifamilv structures do .0 .6 .6 .6 2.5 1.8 '.7 .8 1.4 2.5 2.4 1.0 Publicly financed total do r T Revised. » Preliminary. ° Revisions for January 1956 (thous.): Total prh ately anc publicly owned, 7£>.l; publicly owned 1.4.; tota I new dw(tiling unit s authoriz ed, 62.9. 1 Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 44 .7 (Marct ) ; consunler prices, 50.4 (Feb ruary) ; re tail food, 43.6 (Feb]"uary) . > Data include some contracts awarded in prior months but n Dtreporte i. 9 Revisions for January 1954-March 1955 will be shown later, t Re vised series, reflecting nationwide coverage and new techniques for compilin g data on residentsil buildin gs. Com parable diita for Jarluary 195(>, in order and unit s shown above, are as follows: 2,221; 848; 1,373; 59; 788; 77; 808; 448; 176. Figures for ISlarch-De cember 1956 will be available later. §Data for March, May, August, and November 1956, and Jartuary 1957 are for 5 weeks; ot ler month s, 4 weeks5. cf Data for February, May, August, and October 1956 and Ja nuary 195 7 are for 5 weeks; 01 her mont' is, 4 wee £S. tRevised back to 1946 to incorporate new seasonal factors, re^visions fo r 1946-56 are showii on p. 20 of the M arch 1957 SURVEY. For seasonal facto rs used, s<>e the Jun e 1956 issue of Construction Review. SURVEY OF CURRENT BUSINESS S-8 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 August Septem- October Novem- December ber ber January February March CONSTRUCTION AND REAL ESTATE—Continued CONSTRUCTION COST INDEXES Department of Commerce composite _ 1947-49=100 Aberthaw (industrial building) 1914 = 100. American Appraisal Co., The: Average, 30 cities 1913=100 Atlanta do New York - do San Francisco do St Louis -- -do Associated General Contractors (all types) -do.__ E. H. Boeckh and Associates:§ Average, 20 cities: Apartments, hotels, and office buildings: Brick and concrete U S. avg. 1926-29=100 Brick and steel do Brick and wood do Commercial and factory buildings: Brick and concrete __do Brick and steel do Brick and wood do Frame - do Steel do Residences: Brick do Frame __ do Engineering News-Record :d" Building 1947-49=100.. Construction _ do Bu. of Public Roads—Highway construction: Composite, standard mile . 1946= 100. . 127.8 128.7 405 129.4 130.2 130.8 421 131.6 132.4 132.5 441 132 5 132 6 132 8 133 0 133 3 623 667 648 586 630 452 625 676 652 588 632 452 628 676 654 589 633 452 631 676 655 596 633 456 634 679 660 596 635 461 638 692 667 596 635 467 641 695 681 597 637 467 642 696 681 597 637 470 642 696 681 596 636 470 644 696 681 595 635 470 647 699 687 594 638 470 649 702 701 594 640 472 653 705 703 610 643 472 271.6 267.7 270.5 272.4 268.7 271.6 274.1 270.3 273.4 276.8 272.5 275.4 278.0 273.7 276.1 279.6 275 3 276.7 280.2 275.9 277.2 280.8 276.7 277.0 281 0 276 9 277 0 281.4 277 3 277.3 281 9 277 7 277 4 282 7 278 3 277.9 283.1 278 5 278.3 279.4 277.1 269.0 270.5 261.8 280.4 278.4 269.9 271.4 263.3 282.3 280.0 271.5 273.6 264.6 285.3 282.2 273.8 275.4 266.2 286.6 283.5 274.6 275.9 267.5 287.8 286.7 275.2 276.0 272 8 288.2 287.3 275.9 276.2 273.2 288.9 288.6 275.9 275.4 274.9 289 2 288 8 276 0 275 3 275 1 289.6 289.1 276.3 275.5 276 1 290.2 289 6 276.5 275 5 276 4 291.3 290 3 277.4 275 4 276 8 291.8 291.3 278.1 275.3 278 4 271.2 265.2 272.1 266.2 273.8 268.2 276.1 269.9 276.8 270.4 277.2 270.6 277.8 271.0 277.4 270.5 277 4 270 3 277.6 270.6 277 8 270.6 278 3 270.7 278 6 270.8 142.9 150.2 143.6 150.8 144.1 152.0 144.5 152.8 144.7 153.4 145.3 153.7 147.9 155.6 147.7 155.4 148.0 155 4 147.9 155.4 148.5 156 3 148.6 156 7 148.3 156.4 132.4 135.4 472 148.3 156 6 140.7 140.5 CONSTRUCTION MATERIALS Output of selected construction materials, index:f Iron and steel products 1947-49 = 100. Lumber and wood products - do 143.4 119.5 155.7 129.0 152.2 129.3 164.2 138.6 164.0 130.0 52.1 119.8 140.2 143.1 138.2 123.6 159.2 138 4 145.5 120.5 231, 856 467, 908 202, 141 492, 888 209,338 468, 766 207, 111 421, 178 208,192 464, 937 237, 440 504, 725 203, 661 507, 610 229, 797 500, 930 213, 072 462, 307 174, 236 471, 652 193, 576 555, 076 159, 145 430, 560 1,138 1,127 1,123 1,173 1,108 1,116 1,142 1,148 1, 153 1,228 1,038 976 908 932 986 976 949 1,037 850 922 784 710 714 709 331 386 191 359 388 185 356 434 196 349 449 178 341 439 169 358 483 197 292 397 161 323 422 176 277 360 147 250 320 140 245 326 143 243 318 149 2,271 2,615 89, 315 2,269 2,472 84, 624 2,434 2,559 87,681 2,417 2,755 74, 770 2,374 2,548 68,752 2,544 2,618 74, 930 2,185 2,802 70, 118 2,425 2,762 81, 121 2,108 2,737 80,481 1,951 2,569 96, 485 1,942 1,749 115, 272 95, 569 r 145.1 103 1 142.6 113.7 REAL ESTATE Home mortgages insured or guaranteed by— Fed. Hous. Adm.: Face amount __ -thous. of dol _ _ 240, 723 535, 526 Vet. Adm.: Face amount do Federal Home Loan Banks, outstanding advances to 1,181 member institutions mil. ofdol New mortgage loans of all savings and loan associa778 tions estimated total mil of dol By purpose of loan: 284 Home construction do 333 Home purchase do 161 All other purposes do New nonfarm mortgages recorded ($20,000 and under), 2,050 estimated total mil. of dol. 2,238 Nonfarm foreclosures number Fire losses thous. of dol- . 84, 041 DOMESTIC TRADE ADVERTISING Printers' Ink advertising index, seas, adjusted :J Combined index 1947-49=100_. Business papers __ __ _ _ .do. _ Magazines do Newspapers. _ _ _ . _ _. ..do. _ Outdoor.. do Radio (network) do Television (network) . 1950-52=100 201 182 158 221 170 36 331 192 178 161 192 147 36 328 198 187 155 205 172 39 337 199 184 157 201 165 36 351 192 181 152 183 157 38 357 204 184 161 202 152 33 392 214 182 160 207 155 42 447 200 195 155 194 160 37 379 201 192 153 211 147 40 356 201 178 166 200 153 43 357 197 189 162 186 152 38 355 207 207 164 203 167 35 373 169.6 190.8 4.025 1768 Tide advertising index, unadjusted 1947-49= 100. . 184.8 209.4 218.8 228.1 200.4 158.4 175.6 198.9 235.2 225.7 175.1 Television advertising: Cost of facilities, total Automotive, including accessories Drugs and toiletries.. _ Foods, soft drinks, confectionery Soaps, cleansers, etc Smoking materials All other thous. of dol_ . 37, 192 4,831 do 9,117 .do 8,116 do 4,570 do 3,571 do 6,986 do 40, 589 5,510 9,824 8,524 5, 131 3,873 7,727 38, 979 5,147 9,403 7,840 5,037 3,419 8,133 40, 610 5,425 10, 086 8,155 5,125 3,087 8,732 38, 243 4,642 10, 094 7,958 4,991 3,214 7,344 37, 748 3,766 10, 870 7,706 5,507 3,118 6,780 42, 597 4,594 9,105 6,849 4,701 2,833 14, 515 39,006 3,429 10, 021 8,074 5,133 3,517 8,832 45, 467 4,187 12, 971 8,489 5,421 3,354 11,045 44, 079 4,950 11, 430 8,870 5,108 3,408 10, 313 44, 762 4,775 12, 424 9,035 5,266 3,796 9,466 Magazine advertising: Cost, total Apparel and accessories Automotive, incl. accessories. Building materials Drugs and toiletries . _ Foods, soft drinks, confectionery Beer, wine, liquors do do do do do _. do do 54,298 3,458 5,096 2,841 5,375 8,003 2,233 69, 188 5,673 7,020 4,313 5,541 8,648 2,998 75, 485 5,643 7,924 4,559 5,732 8,542 3,286 72,961 5,510 6,685 4,560 6,111 7,847 3,149 59, 946 3,365 6,175 3,389 5,909 7,179 2,714 42, 386 904 4,226 1,935 4,868 6,893 2,568 42,024 4,601 2,736 1,740 4,288 6,077 1,971 63, 735 7,945 2,478 3,945 5,967 7 256 2,611 76, 087 6,882 4,008 3,834 7,008 10, 039 3,408 73, 091 5,090 7,246 2,689 6,712 8 205 3,985 55, 814 4,222 4,196 1,124 5,064 6 711 5,283 do do do do do. __ do . 2, 055 1,551 4,110 1,103 1,511 16, 960 4,014 2,761 4,940 1,314 1,615 20, 352 5,063 4,405 5,735 1,330 1,516 21, 750 5,465 4,054 6,627 1,368 1,655 19, 930 4,919 2,042 5,517 843 1,562 16, 331 2,794 1,030 3,665 775 1,149 11, 578 1,522 1,646 3,742 641 1,178 11, 882 3,349 2 830 5,792 976 1,275 19, 312 4,441 4,636 6,119 1,339 2,092 22, 281 4,421 3 527 6,101 1 187 1,733 22, 194 3,166 2 106 4,278 876 1,704 17 083 3,734 3,496 4,278 5.265 5.552 4.827 3.890 Household equipment and supplies. .. Household furnishings Industrial materials . _ Soaps, cleansers, etc Smoking materials. All other 4,664 5,249 5,399 4,648 Linage, total.. thous. of lines.. r Revised. § Copyrighted data; see last paragraph of headnote, p. S-l. d" Data reported at the beginning of each month are shown here for the previous month. f Revised series. t Data revised beginning January 1954; revisions prior to March 1955 will be shown later. 5.489 SURVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-9 1956 Febru- s March ary * April May June July 1957 DecemOctober NovemAugust September ber ber January February March DOMESTIC TRADE—Continued ADVERTISING— Continued Newspaper advertising: Linage total (52 cities) Classified Display, total Automotive Financial--. General Retail thous of lines do - _do_ do do__. do_ do - 218, 335 56,624 251, 255 63,286 260, 992 65, 077 268, 486 66, 664 239, 266 62, 395 213, 961 60, 525 227,297 62, 494 244, 056 63,036 269. 857 62, 197 261, 994 54, 469 243, 080 50, 337 210, 509 55, 141 207, 064 53,264 161, 711 15, 161 3,235 31, 489 111,826 187, 969 15, 494 3,484 36, 151 132, 840 195, 915 14, 864 3,932 40, 980 136, 140 201, 822 17, 088 3,657 40, 952 140, 125 176, 872 15, 477 3,641 34, 747 123, 006 153, 436 12, 947 4,652 27, 098 108, 740 164, 803 12, 626 2,749 26,430 122, 998 181,021 10, 018 3,169 34,223 133. 610 207, 659 16, 878 4,026 43,420 143, 335 207, 525 16, 424 3,330 38,510 149, 262 192, 743 8,824 4,198 27, 690 152, 031 155, 368 12, 555 5,929 26, 355 110, 530 153, 800 14, 365 3,215 30, 009 106, 212 PERSONAL CONSUMPTION EXPENDITURES Seasonally adjusted quarterly totals at annual rates :J Cikxoxls and services, total. . _ bil. of dol. _ Durable goods, tota!9 _._ Automobiles and parts Ifytmiture and household equipment Nondurable goods, total 9 Clothing and shoes Food a»d alcoholic beverages.. Gasoline and oil do _do_ do do.__ Services, tota!9 Household operation Housing-. . Transportation RETAIL TRADE All retail stores: Estimated sales (unadjusted) , total do do do do do ..do do 261.7 263.7 266 8 270 9 34.8 15.5 14.9 33.4 13.8 15.2 33 0 13 7 15.0 34 8 15 3 15 0 130.5 20.8 78.8 8.1 132.3 21 5 79.5 8.3 134 0 21 9 80 5 8.5 134 7 22 1 81 0 8.6 96.4 15.0 31.5 7.7 98.0 15.2 31.9 7.8 99.7 15.5 32.5 7 9 101.4 15 8 32.9 8.0 mil. of dol. _ 13, 686 15,864 15,029 16, 257 16, 724 15, 526 16, 335 15, 730 16,282 16,639 19, 532 Durable-goods stores 9 do Automotive group - do Motor-vehicle, other automotive dealers-do ... Tire, battery, accessory dealers do- 4,775 2,812 2,688 124 5,421 3,195 3,044 151 5,352 3,058 2,899 159 5,798 3,238 3,056 183 6,053 3,363 3,155 208 5,573 3,066 2,880 186 5,739 3,110 2,919 191 5,230 2,676 2,507 169 5,516 2,830 2,646 184 5,491 2,907 2,730 177 6,172 3,122 2,901 221 4,972 2,996 2,858 139 4,914 ' 2, 948 2,809 139 do do_ do 757 464 293 808 502 306 787 491 296 874 553 321 921 556 364 846 516 331 900 566 334 860 518 342 956 593 363 1,003 634 369 1,194 714 480 776 478 297 '754 477 277 Lumber, building, hardware group do Lumber, building-materials dealers.— _.do Hardware stores do. 698 527 171 843 636 207 929 701 227 1,035 769 266 1,090 814 275 1,024 774 250 1,050 800 251 1,006 761 245 1,052 794 258 917 664 254 861 547 314 659 476 183 629 455 174 do do do do do. do 8,911 667 137 278 135 116 10, 443 1,003 180 403 216 204 9,677 833 160 344 172 157 10, 459 963 193 388 199 182 10, 671 989 227 364 203 195 9, 953 768 163 290 168 146 10, 596 863 168 338 190 167 10,500 981 188 374 225 194 10,766 1,034 216 405 236 177 11, 148 1,095 252 410 259 173 13,360 1,694 421 654 387 232 9,917 785 181 310 161 133 9,279 ••694 147 283 146 118 Drug and proprietary stores Eating and drinking places Food group -- Grocery stores Gasoline service stations do do. do do do. 451 1,041 3,446 2,927 983 479 1,114 3,939 3,376 1,078 446 1,134 3,532 3,006 1,090 477 1,209 3, 786 3,221 1,154 477 1,270 3,980 3,413 1,201 464 1,306 3,772 3,215 1,239 475 1,333 3,988 3,400 1,253 465 1,240 3,896 3,323 1,181 480 1,227 3,881 3,305 1,180 470 1,158 4,024 3,435 1,184 632 1,201 4,204 3,572 1,182 488 1,096 3,838 3,281 1,137 ••467 ' 1, 055 ' 3, 615 ' 3, 086 ' 1, 067 1488 1 1, 137 14,085 13,503 i 1, 146 General -merchandise group Department stores, excl. mail-order d1 Mail-order (catalog sales) __ _ _ Variety stores Other general-merchandise stores Liquor stores -- do do do dodo do 1,271 667 97 206 300 263 1,649 884 106 274 386 306 1,514 854 95 221 346 282 1,703 941 113 256 392 308 1,700 932 105 274 388 313 1,414 748 90 245 330 318 1,663 898 120 271 374 328 1,699 945 108 275 372 324 1,808 1,007 129 284 387 330 2,030 1,132 166 309 423 356 3,033 1,626 189 616 601 539 1,328 720 97 198 314 301 ' 1, 276 ••672 94 213 296 288 11,506 1813 Estimated sales (seasonally adjusted) , total do 15, 346 15, 740 15, 541 15, 892 15,998 16, 019 16, 253 16, 018 16, 050 16,358 16, 491 5,354 3,008 2,855 153 5,466 3,049 2,881 169 5,303 2,867 2,703 164 5,396 2,961 2,785 176 5,500 2,997 2,812 184 5,514 2,981 2,806 174 5,512 3,022 2,845 178 5,356 2,780 2,599 180 5,490 3,035 2,862 173 5,664 3,159 2,983 176 5,814 3,285 3,104 181 5,706 3, 324 3,151 173 Furniture and appliance group Furniture, homefurnishings stores Household-appliance, radio stores Nondurable-goods stores 9 Apparel group -- . Men's and boys' wear stores Women's apparel, accessory stores.. Family and other apparel stores Shoe stores Durable-goods stores 9 do. _. Automotive group do Motor- vehicle, other automotive dealers-do Tire, battery, accessory dealers do 14,889 ' 14, 193 ' 5, 742 3,262 3,081 180 do -do do 859 539 319 877 540 337 895 546 348 863 524 340 899 537 362 899 550 349 886 552 333 908 558 350 864 530 334 912 569 344 932 575 356 856 541 314 895 578 318 Lumber , build ing , hardware group Lumber, building-materials dealers Hardware stores do do do 899 674 225 925 692 234 958 718 240 945 701 245 979 716 263 968 720 248 933 688 245 960 711 249 918 689 228 889 653 236 869 630 240 848 608 240 866 622 245 do do do do do do 9,992 924 191 364 200 170 10, 274 916 177 368 201 170 10, 238 921 198 355 199 168 10, 496 965 201 373 222 170 10, 498 957 210 366 209 172 10, 505 956 209 364 215 168 10, 741 1,039 223 411 213 192 10, 662 977 209 392 210 166 10, 560 982 214 388 208 172 10, 694 1,004 216 380 229 179 10, 677 991 209 396 218 169 do do do __do do 455 1,152 3,680 3,128 1,088 485 1,192 3,756 3,205 1,154 467 1,200 3,702 3,167 1,130 483 1,202 3,818 3,260 1,135 480 1,241 3,769 3,215 1,163 479 1,191 3,842 3,272 1,150 487 1,215 3,890 3,306 1,164 492 1,178 3,918 3,337 1,165 492 1,184 3,915 3,332 1,150 488 1,188 3,925 3,351 1,179 497 1,194 3,977 3,396 1,164 Drug and proprietary stores Eating and drinking places Food group Grocery stores Gasoline service stations .-_ 13,263 1814 1840 16,439 ' 16, 494 1 16, 322 Furniture and appliance group Furniture, homefurnishings stores Household -appliance, radio stores Nondurable-goods stores 9 Apparel group Men's and boys' wear stores Women's apparel, accessory stores Family and other apparel stores Shoe stores i 15, 813 15,581 10, 733 ' 10, 753 i 10, 741 992 980 217 210 376 383 222 212 174 178 484 1, 182 3,969 3, 392 1,213 492 1,219 3,965 3, 385 1,220 1,702 1,752 1,702 1,645 1,763 1,730 1,773 General -merchandise group do 1,674 1,781 1,722 1,760 1,718 1,738 940 913 943 878 989 974 948 Department stores, excl. mail-order do. _ 954 913 971 922 936 960 112 122 113 111 116 116 112 118 114 118 Mail-order (catalog sales) . -do. ._ 122 122 123 273 282 295 278 256 268 Variety stores do 281 292 294 291 289 289 302 412 403 374 392 385 380 384 Other general -merchandise stores ._ do. ._ 387 372 376 357 393 393 315 342 327 315 323 298 331 332 346 329 Liquor stores.. . __ do 338 339 340 r Revised. i Advance estimate. tRevised series. Estimates of personal consumption expenditures have been revised back to 1952 (see pp. 7 ff. of the July 1956 SURVEY) ; for data prior to 1952, see the 1954 NATIONAL INCOME SUPPLEMENT. 9 Includes data not shown separately. cf Correction: 1951 monthly average for combined department-store and mail-order sales (old series) shown in the 1955 edition of BUSINESS STATISTICS should read $927,000,000. SURVEY OF CURRENT BUSINESS S-10 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 DecemOctober NovemAugust September ber ber January February March DOMESTIC TRADE—Continued RETAIL TRADE— Continued All retail stores— Continued Estimated inventories: Unadjusted, total Durable-goods stores Nondurable-goods stores 23,840 11, 330 12, 510 24, 540 11, 680 12, 860 24,880 11,830 13, 050 24,450 11,490 12, 960 23, 510 10, 860 12, 650 23,300 10, 650 12,650 23, 540 10, 400 13, 140 23,530 10, 030 13, 500 24,000 9,920 14, 080 24, 750 10, 450 14, 300 22, 400 22.890 23, 700 9,940 ' 10, 380 10, 780 12, 460 ' 12, 510 12. 920 do do do do do 24,210 11, 450 4,710 2,010 2,350 23, 820 11,220 4,490 1,980 2,360 23,880 11, 100 4,380 1,990 2,340 23,900 11,030 4,310 2,000 2,320 23, 830 10, 750 4,010 2,010 2,330 23, 800 10,650 3,960 2,000 2,270 23, 750 10, 470 3,880 1,990 2,190 23, 430 10, 260 3,630 2,010 2,170 23, 320 10, 090 3, 490 2,010 2,160 23, 490 10, 420 3,700 2,070 2,190 23, 930 23, 860 ' 24, 010 10, 700 ' 10, 770 10, 820 4,020 ' 4, 110 4,360 2,020 ' 2, 020 1,990 2,220 ' 2, 220 2,140 do do do do 12, 760 2,690 2,580 4,200 12, 600 2,660 2,570 4,100 12, 780 2,720 2,600 4,140 12, 870 2,740 2,680 4,090 13, 080 2,780 2,750 4,160 13, 150 2,810 2,760 4,180 13, 280 2,840 2,790 4,220 13, 170 2,800 2,810 4,170 13, 230 2,870 2,830 4,250 13, 070 2,760 2,800 4,250 13, 160 2,850 2,700 4, 180 13, 240 ' 2, 840 '2,760 '4,150 13, 110 2,770 2,740 4,050 mil. of dol_. do do Seasonally adjusted, total __ Durable-goods stores 9 Automotive group __ Furniture and appliance group Lumber, building, hardware group Nondurable-goods stores 9 Apparel group _ Food group General-merchandise group. _ Firms with 11 or more stores: Estimated sales (unadjusted), total 9 Apparel group 9 Men's and boys' wear stores Women's apparel, accessory stores. Shoe stores Drug and proprietary stores. Eating and drinking places Furniture, homeiurnishings stores. do 2,464 3,058 2,722 3,014 3,167 2,770 3,052 3,009 3,114 3,337 4,136 2,691 2,588 do do do do 121 9 48 40 222 16 84 78 160 12 61 58 192 14 76 69 200 16 76 75 143 10 57 55 162 10 68 60 194 13 68 74 197 15 73 65 209 19 77 66 322 30 125 100 130 11 44 47 122 9 45 43 _do do do 62 56 24 69 61 30 63 60 26 66 63 31 69 66 29 67 65 26 67 67 29 67 65 27 69 68 35 67 62 32 106 67 34 66 60 24 65 58 25 600 271 792 366 748 388 838 417 867 430 722 350 858 412 857 425 914 449 1,017 472 1,531 658 636 305 616 282 82 156 1,166 52 45 117 215 1,389 61 55 103 170 1,174 69 57 118 197 1,280 75 67 127 211 1,377 78 74 103 185 1,221 76 64 130 207 1,324 81 63 126 206 1,274 76 57 131 215 1,278 78 63 154 239 1,397 66 60 229 468 1,430 55 83 92 149 1, 324 46 48 85 161 1,257 46 47 2,905 2,954 2,914 3,000 2,999 3,019 3,075 3,058 3,029 3,132 3,139 ' 3, 108 3,119 176 13 70 59 66 62 29 181 14 72 65 71 62 28 172 14 66 60 66 60 29 185 14 72 65 68 61 28 186 14 73 64 70 64 30 184 15 70 64 68 61 30 193 15 75 68 70 63 28 190 15 71 66 70 63 29 185 14 69 65 69 65 31 192 15 71 68 70 65 30 192 15 73 66 75 65 30 180 14 63 68 70 65 30 183 14 67 66 72 66 30 829 397 836 395 839 416 856 397 843 392 862 405 892 430 870 414 856 410 893 422 869 413 884 432 879 426 118 208 1,239 66 57 125 '212 1,261 69 61 115 204 1,237 72 61 126 218 1,286 70 62 126 216 1,284 69 64 125 221 1,294 70 61 125 224 1,307 68 58 131 218 1,304 68 63 125 216 1, 295 6fi 81 131 227 1,341 66 61 126 217 1,369 67 61 127 214 1,358 '60 62 126 220 1.363 61 62 155 316 150 313 149 311 152 311 149 310 136 307 138 308 152 314 159 319 174 330 232 365 189 352 160 345 44 14 47 16 43 15 46 15 46 15 44 14 45 14 44 15 47 15 47 16 45 14 46 15 44 14 44 43 13 44 43 13 44 43 13 44 44 12 45 42 13 45 42 13 45 42 13 44 43 13 43 44 13 44 44 12 46 43 11 44 42 14 44 43 13 General-merchandise group 9 do Department stores do Dry-goods, other general-merchandise stores mil. of doL. Variety stores _ do Grocery stores do Lumber, building-materials dealers. _do Tire, battery accessory stores do Estimated sales (seas, adj.), tota!9___ Apparel group 9 Men's and boys' wear stores Women's apparel, accessory stores Shoe stores _ Drug and proprietary stores Eating and drinking places. Furniture, homefurnishings stores do do do do do do _do do General-merchandise group 9 __ _do Department stores do Dry-goods, other general-merchandise stores mil. of dol._ Variety stores do Grocery stores do Lumber building—materials dealers do Tire, battery, accessory stores do Department stores: Accounts receivable, end of month :cf Charge accounts 1947-49—100 Installment accounts do Ratio of collections to accounts receivable: Charge accounts percent.. Installment accounts cf do Sales by type of payment: Cash sales percent of total sales Charge account sales do Installment sales do Sales, unadjusted, total U. S.t_ .. Atlanta Boston Chicago. Cleveland Dallas Kansas City Minneapolis. New York... Philadelphia Richmond St. Louis.. San Francisco __ Sales seasonally adjusted, total U. S J Atlanta Boston Chicago Cleveland Dallas Kansas City '93 111 113 121 119 101 113 131 128 158 222 '95 '97 do do do do do do '117 84 87 90 111 92 146 91 109 106 134 112 136 106 110 109 132 117 143 112 119 114 143 124 131 114 121 113 130 119 128 84 97 98 129 107 140 95 113 110 138 124 152 125 132 127 139 128 150 115 123 122 142 129 182 143 159 152 166 150 267 210 215 212 252 218 116 86 91 92 111 90 P117 "88 p93 P95 * 113 P94 do do do .do do do 84 85 91 '97 96 '98 95 98 111 125 116 110 109 97 109 122 115 117 113 108 120 136 129 120 105 111 117 128 117 120 91 83 88 111 104 115 111 90 100 122 118 126 137 122 131 144 130 128 119 120 124 144 131 131 141 151 165 179 161 153 202 204 220 251 216 231 84 94 91 99 94 '101 p90 p93 P92 PlOl p98 P100 1947-49=100.. -do -•119 122 122 122 124 128 128 129 122 131 129 125 P124 do ...do do .. _do__ _ do do ' 146 ' 112 '113 ••117 139 '118 143 102 124 116 144 126 144 111 117 120 144 124 146 112 120 118 145 125 147 114 124 118 143 124 160 116 123 128 152 130 156 118 126 121 148 131 157 117 127 127 139 128 144 114 117 118 134 123 157 119 130 123 146 131 154 116 128 122 150 128 151 109 120 118 140 '122 P146 P117 P121 P123 P141 P121 116 117 124 145 129 131 129 120 127 140 127 131 103 112 118 136 119 130 123 120 126 146 134 132 124 116 125 139 130 131 118 119 121 144 '125 131 P 114 P115 P119 P136 P 125 P127 114 112 113 112 112 108 Minneapolis.. _ _ do 115 116 110 104 107 105 New York.... do 125 121 121 119 116 '121 Philadelphia ...do.... 134 140 135 131 137 '130 Richmond do 119 129 135 123 129 123 St. Louis do 126 122 132 131 128 124 San Francisco do 'Revised. P Preliminary. 9 Includes data not shown separately. cf Data revised for period beginning January 1940; not comparable with former series. Unpublished revisions for "107 P129 . « / • * ^ + K ««« accounts receivable (prior to October 1955), and for collection ratios JData for 1946-55 have been revised to reflect current seasonal patterns and to allow for changes in the samples used in computing the unadjusted indexes. Revisions beginning with 1946 for total United States appear on p. 24 of the October 1955 SUEVEY; unpublished revisions for the districts are available upon request. SUEVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-ll 1956 February March April June May July 1957 DecemAugust SeptemOctober November ber ber January February March DOMESTIC TRADE—Continued RETAIL TRADE— Continued Department stores— Continued Stocks, total U. S., end of month:! Unadjusted Seasonally adjusted - 1947-49=100.. do 131 138 Mail-order and store sales: 279, 770 Total sales, 2 companies thous. of dol Montgomery Ward & Co. . _ do_ _. 62, 142 Sears, Roebuck & Co _ >.do ._- 217,628 WHOLESALE TRADE Sales estimated (unadj.), total mil. of dol 9,540 3,230 Durable-goods establishments _ do 6,310 Nondurable-goods establishments do Inventories, estimated (unadj.), total Durable-goods establishments Nondurable-goods establishments do do do 12, 570 6,470 6,100 139 135 142 136 139 134 131 137 130 138 138 141 145 139 159 142 161 142 126 142 348, 888 83, 275 265, 612 376, 929 96, 505 280, 424 411, 143 93, 587 317, 556 426, 197 97, 221 328, 976 355, 917 79, 888 276, 030 421, 668 94, 813 326, 855 405, 229 94, 412 310, 817 440, 456 112, 898 327, 558 482, 564 120, 131 362, 433 595, 570 150, 615 444, 955 10, 240 3,540 6,700 9,900 3,530 6,370 10, 650 3,790 6,860 10,500 3,790 6,710 10,060 3,500 6,560 11,120 3,780 7,340 10, 430 3,560 6,870 11, 690 3,950 7,740 11, 160 3,670 7,490 10, 570 3,410 7,160 12, 620 6,680 5,940 12, 620 6,780 5,840 12,500 6,760 5,740 12, 370 6,710 5,660 12,630 6,590 6,040 12,830 6,530 6,300 13, 110 6,600 6,510 13, 500 6,630 6,870 13, 640 6,590 7,050 13, 310 6,540 6,770 126 141 "133 P140 310, 275 63, 367 i 55, 515 246, 908 223, 750 10, 300 ' 3, 320 ' 6, 980 T 1 70, 062 269, 815 9,570 3,180 6,390 13, 180 13, 100 ' 6, 650 6,780 6,530 6,320 EMPLOYMENT AND POPULATION POPULATION Population, continental United States: Total, incl. Armed Forces overseasd" thousands. _ ' 167, 040 ' 167, 260r 167, 498 EMPLOYMENT Noninstitutional population, estimated number 14 118, 180 118, 293 118, 367 years of age and over, total© thousands 167, 934 ' 168, 174 ' 168, 451 ' 168, 737 ' 169, 028 ' 169, 291 •• 169, 541 ' 169, 800 ' 170, 045 170, 270 119, 614 119, 745 119, 899 118, 537 118, 632 118, 762 118, 891 119, 047 119, 198 119, 344 119, 481 68,806 69, 434 70, 711 72, 274 72,325 71, 787 70, 896 70, 905 70, 560 69, 855 268,638 2 69, 128 2 69, 562 do _ _ do do do do 65,490 62, 576 5,469 57, 107 2,914 65, 913 63, 078 5,678 57, 400 2,834 66, 555 63, 990 6,387 57,603 2,564 67, 846 65, 238 7,146 58, 092 2,608 69, 430 66,503 7,876 58, 627 2,927 69, 489 66, 655 7,700 58, 955 2,833 68, 947 66, 752 7,265 59, 487 2,195 68, 069 66, 071 7,388 58,683 1,998 68, 082 66, 174 7,173 59,000 1,909 67, 732 65, 269 6,192 59, 076 2,463 67, 029 64, 550 5,110 59, 440 2,479 265,821 2 66, 311 2 66, 2 62, 578 2 63, 190 2 63, 2 4, 935 2 5, 195 2 5, 2 57, 643 2 57, 996 2 58, 2 3, 244 2 3, 121 2 2, do 49, 784 49, 488 48, 933 47, 826 46, 357 46, 437 47, 105 48, 151 48,293 48, 783 49, 626 250,973 2 50, 617 2 50, 337 do do do do 50, 246 16, 824 9,776 7,048 50,499 16, 764 9,730 7,034 50, 848 16, 769 9,795 6,974 51, 197 16, 715 9,747 6,968 51, 709 16, 809 9,764 7,045 50,896 16, 291 9,277 7,014 51,881 17, 034 9,743 7,291 52, 261 17, 121 9,788 7,333 52, 455 17, 222 9,958 7,264 52, 484 17, 151 10, 024 7,127 53, 131 ' 51, 238 ' 51, 199 17, 133 ' 16, 937 r 16, 922 10. 029 9,948 r 9, 943 7,104 ' 6, 989 ' 6, 979 780 107 34 225 783 107 32 223 790 109 31 223 786 108 27 224 812 111 32 226 746 85 31 183 817 109 32 228 818 112 32 231 812 111 33 232 811 110 33 232 811 110 34 233 310 105 2,588 4,083 1,188 110 777 743 42 561 314 107 2,669 4,106 1,189 111 785 748 43 563 315 111 2,853 4,121 1,196 111 783 753 43 565 315 113 3,040 4,138 1,208 110 784 755 43 567 329 115 3,257 4,181 1,223 110 791 761 43 577 333 115 3,270 4,148 1.173 109 789 778 43 585 332 116 3,353 4,178 1,185 108 800 780 43 585 327 116 3,340 4,179 1,189 108 809 773 43 580 322 115 3,301 4,177 1,189 107 821 769 43 573 323 113 3,191 4,170 1,175 107 827 771 42 573 323 110 3,029 4,180 1,173 107 830 770 42 572 10, 819 2,924 7,895 1,333 1,551 811 10, 931 2,926 8,005 1,384 1,553 806 10, 928 2,920 8,008 1,370 1,557 804 10, 985 2,920 8,065 1,395 1,567 801 11,091 2,955 8,136 1,382 1,578 801 11,015 2,974 8,041 1,340 1,575 802 11,047 3,002 8,045 1,347 1,569 796 11, 164 3,003 8,161 1,424 1,579 789 11, 288 3,021 8,267 1,479 1,599 787 11,496 3,047 8,449 1,604 1,622 795 2,250 5,818 467 329 161 7,084 2,265 5,859 468 330 163 7,122 2,278 5,979 486 331 165 7,130 2,289 6,041 492 335 169 7,203 2,320 6,089 521 339 173 7,150 2,342 6,137 580 342 167 6,947 2,355 6,137 583 337 162 6,960 2,321 6,105 512 334 165 7,213 2,312 6,045 478 333 167 7,298 2,313 6,010 472 332 165 7,342 do do - do _ do 51, 127 16, 879 9,766 7,113 51, 057 16, 804 9,703 7,101 51, 327 16, 918 9,799 7,119 51, 454 16, 909 9,766 7,143 51, 600 16, 877 9,752 7, 125 51,003 16, 460 9,392 7,068 51, 702 16, 890 9,784 7,106 51, 676 16, 864 9,779 7,085 51, 902 17, 026 9,919 7,107 51, 950 17, 043 9,977 7,066 52, 072 'r 52, 046 17, 080 17, 033 9,990 r 9,963 7,090 7, 070 __do _ _ _ do_ _ do - do_ _ do do do 780 2,924 4,131 11, 105 2,273 5,967 7,068 783 2,966 4,127 11, 027 2,276 5,979 7,095 798 3,003 4,128 11,120 2,278 5,979 7,103 794 3,055 4,141 11,110 2,289 5,981 7,175 808 3,132 4,164 11, 162 2,297 5,999 7,161 750 3,056 4,117 11, 152 2,296 6,017 7,155 809 3,076 4,147 11,211 2,320 6,017 7,232 814 3,078 4,149 11, 164 2,321 6,015 7,271 812 3,085 4,166 11,217 2,324 6,015 7,257 807 3,083 4,159 11, 230 2, 325 6,040 7,263 r P803 '805 807 804 3,107 'r 3, 021 ' 3, 078 p 3, 107 4,156 4,151 p 4, 143 4, 174 11,250 ' 11, 304 ' 11, 353 p 11, 282 2,320 ' 2, 317 ' 2, 328 p 2, 321 6,067 6,081 P 6, 084 6,070 7,285 ' 7, 323 ' 7, 332 P 7, 338 Not in labor force Employees in nonagricultural establishments^ Total, unadjusted (U. S. Dept. of Labor) Manufacturing Durable-goods industries _ _ Nondurable-goods industries M^ininc; total do Metal . do . Anthracite do Bituminous coal - ._. do Crude-petroleum and natural-gas production thousands .. Nonmetallic mining and quarrying do _ Contract construction do Transportation and public utilities 9 do Interstate railroads . do Local railways and bus lines do Trucking and warehousing* __do Telephone do Telegraph do Gas and electric utilities _ _ _ _ __do Wholesale and retail trade. Wholesale trade Retail trade 9 General-merchandise stores. _ Food and liquor stores Automotive and accessories dealers ...do do.. do do _ do. do Finance, insurance, and real estate _ _ - do Service and miscellaneous 9 - - - - --do. _ Hotels and lodging places do _ Laundries do Cleaning and dyeing plants _ __do Government do Mining ___ Contract construction Transportation and public utilities Wholesale and retail trade _ Finance insurance and real estate Service and miscellaneous . . Government r 68, 396 Civilian labor force, total Employed Agricultural employment Nonagricultural employment Unemployed _ . 167, 715 do Total labor force, including Armed Forces. Total seasonally adjusted f Manufacturing Durable-goods industries Nondurable -goods industries r _ ••804 109 34 233 746 865 434 431 882 p 51, 344 v 16, 898 v 9, 922 p 6, 976 '805 r 109 P803 P107 '233 *229 '322 P107 105 106 ' 2, 719 ' 2, 724 p 2, 796 4,103 v 4, 122 ' 4, 112 1,140 106 804 ••768 41 r 570 12,092 ' 11, 139 ' 11, 062 v 11,061 3,075 ' 3, 031 ' 3, 034 p 3,030 9,017 ' 8, 108 ' 8, 028 v 8, 031 1,975 ' 1, 392 ' 1, 339 p 1, 337 1,649 ' 1, 613 ' 1, 626 v 1, 619 P785 806 '783 '785 2, 308 5,976 466 330 164 7,602 ' 2, 294 ' 2, 305 v 2, 309 5,929 P 5, 962 5,918 '458 '330 162 ' 7, 315 ' 7, 349 p 7, 393 ' 52, 105 ' 16, 977 ' 9, 929 ' 7, 048 p 52, 008 p 16, 930 p 9, 891 p 7, 039 Production workers in manufacturing industries: 12, 514 13, 335 13, 245 13, 078 13, 036 13, 114 13, 125 13,312 r 13, 117 ' 13, 084 p 13, 048 Total (U. S. Dept. of Labor) f thousands. _ 13, 212 13, 439 13, 353 7,541 7,602 7,674 7,621 7,692 7,081 7,613 7,791 ' 7, 703 ' 7, 680 p7,649 7,583 7,751 7,802 Durable-goods industries do_ _ 82 84 84 82 80 83 83 83 86 82 82 '79 Ordnance and accessories. do P79 81 1 2 Net sales; not comparable with earlier data which are gross. Comparable figure for March 1956 is $76,252,000. See note marked "0" for this page. ' Revised. *> Preliminary. :See corresponding note on p. S-10. d"1 Revised estimates for February 1953-December 1955 are available upon request; estimate for Jan. 1, 1956, 166,805,000. 9 Includes data for indusiries not shown. 0 Data beginning May 1956 are derived from an expanded sample of about 35,000 households in 330 areas. Data through April 1956 from the previous sample can be used as a continuous series with the estimates beginning May 1956 but some allowance should be made for the sample expansion in interpreting April-to-May net changes. Figures for May 1956 based on former sample, in order as shown above (thous.): 118,537; 70,604; 67,739; 65,159; 7,160; 57,999; 2,580; 47,933. The estimates beginning January 1957 reflect certain changes in definitions for employment and unemployment as follows: Two small groups of persons formerly classified as employed are now classified as unemployed (except for the subgroup "in school and waiting to start new jobs" which is now counted as not in the labor force). Estimates for March 1957 on the old basis, comparable with data shown tbrough 1956, in order as shown above (thous.): 119,899; 69,565; 66,749; 64,049; 5,442; 58,607; 2,700; 50,334. Data on the old basis for earlier months of 1957 are shown in previous issues of the SURVEY. t Data beginning 1954 for employment, hours, and earnings have been adjusted to the 1st quarter 1955 benchmark and are not comparable with previously published figures. Revised data for 1954-April 1955 may be obtained upon request to the U. S. Department of Labor, Bureau of Labor Statistics, Division of Manpower and Employment Statistics. *New series. Figures relate to establishments primarily engaged in local or long-distance trucking, transfer, and draying services or in the storage of farm products and other goods. SURVEY OF CURRENT BUSINESS S-12 April 1957 1956 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS February March April May June July 1957 DecemOctober NovemAugust September ber ber January February March 569 "556 '310 '458 ' 1, 120 "309 "466 v 1, 117 EMPLOYMENT AND POPULATION—Continued EMPLO YM ENT— Continued Production workers in mfg. industries— Continuedf Total (U. S. Dept. of Labor)— Continued Durable-goods industries— Continued Lumber and wood products (except furniture) thousands. . Sawmills and planing Tnills do Furniture and fixtures do S tone , clay , and glass products do Primary metal industries 9 do Blast furnaces, steel works, and rolling mills thousands Primary smelting and refining of nonferrous metals thousands Fabricated metal prod, (except ordnance, machinery, transportation equipment) thousands-Machinery (except electrical) _- do. _ Electrical machinery . do Transportation equipment 9do Automobiles do Aircraft and parts do Ship and boat building and repairs do Railroad equipment do Instruments and related products _ _ - do Miscellaneous mfg. industries do '573 '313 '310 '461 ' 1,130 635 348 322 466 1,138 619 344 318 472 1,130 642 350 315 478 1,136 667 359 311 480 1,117 696 369 311 484 1,118 688 366 304 473 743 700 368 316 482 1,091 681 359 321 478 1,126 664 351 322 484 1,132 634 339 318 479 1,132 607 327 318 473 1,133 567 563 568 557 564 211 552 572 569 567 565 54 55 55 55 56 57 54 59 58 59 59 59 899 1,274 849 1,392 713 519 106 46 231 400 893 1,281 842 1, 354 678 512 110 47 231 398 895 1,292 874 1,332 655 512 110 48 231 394 881 1,281 872 1,295 613 513 113 48 231 395 870 1,278 866 1,269 574 523 116 47 231 395 825 1,254 854 1,250 561 523 114 44 229 381 864 1,257 878 1,235 541 535 107 43 233 404 885 1,262 891 1,205 504 545 107 41 235 415 911 1,264 914 1,319 604 554 109 43 237 424 911 1,273 918 1,402 669 569 114 42 237 415 909 1,289 907 1,439 689 578 119 46 236 399 '906 '1,299 '892 '1,440 '683 '583 '121 47 '234 '377 "895 '903 '1,308 p 1, 307 "876 '883 ' 1, 439 v 1, 431 '233 '378 "235 "378 5,520 1,013 259 68 140 169 110 5,504 1,021 262 71 140 169 115 5,440 1,023 256 74 147 170 117 5,423 1,051 258 77 159 172 120 5,476 1,104 262 81 188 175 129 6,433 1,158 265 83 238 174 132 5,704 1,276 268 81 353 175 127 5,752 1,312 269 77 390 174 125 5,688 1,226 274 73 288 176 123 5,551 1,131 278 71 196 175 123 5, 521 1,082 278 70 161 173 117 ' 5, 414 ' 1, 027 270 69 143 169 '111 '5,404 '1,005 "5,399 "1,005 90 989 440 205 82 981 438 203 79 971 436 200 80 963 432 202 80 960 432 204 77 922 414 198 103 950 426 206 113 949 423 205 110 952 423 207 101 949 422 204 98 942 421 198 '92 '929 '417 '192 88 '925 "79 "921 1,131 456 230 1,116 457 231 1,068 460 232 1,049 462 234 1,049 466 238 1,020 461 236 1,082 469 239 1,079 470 238 1,091 468 236 1,088 467 235 1,088 470 239 ' 1, 071 465 237 '1,090 '462 "1,096 "462 540 558 221 170 129 225 93 350 230 545 566 221 172 130 221 93 344 227 547 569 221 171 130 219 92 332 218 547 559 220 172 130 216 92 325 214 549 552 219 175 132 209 90 334 219 544 544 213 170 134 208 90 330 216 550 549 217 178 135 211 90 338 219 557 553 215 176 133 215 92 329 212 564 554 214 175 132 220 92 328 210 564 550 214 175 133 199 75 327 211 566 552 215 173 132 222 93 329 215 '557 '555 "560 "557 '172 "172 '219 "216 '331 "331 Production workers in manufacturing industries, seasonally adjusted: Totalf • thousands Durable-goods industries do Nondurable-goods industries do 13,263 7,681 5,582 13,158 7,594 5,564 13, 251 7,675 5,576 13, 224 7,633 5,591 13, 149 7,592 5,557 12,693 7,197 5,496 13, 115 7,583 5,532 13, 080 7,571 5,509 13,248 7,714 5,534 13, 244 7,752 5,492 Production workers in manufacturing industries: Indexes of employment: f Unadjusted ... 1947-49=100. Seasonally adjusted _ do 106.8 107.2 106.1 106.4 106.0 107.1 105.4 106.9 105.7 106.3 101.2 102.6 107.1 106.0 107.8 105.7 108.7 107. 1 108.0 107.1 107.6 107.2 2. 134. 0 207.9 2, 135. 8 207.9 2, 142. 1 2, 150. 0 207.6 207.8 2, 166. 6 211.7 2, 182. 0 212.8 2, 181. 1 2, 169. 1 211.9 209.2 2, 175. 9 210.1 2, 174. 7 210.4 12,456.2 i 218. 5 1,075 1,075 1,083 1,097 1,110 1,058 1,071 1,075 1,075 1,062 1,054 f 1,029 v 1, 022 80.7 80.8 80.7 81.4 81.3 82.4 82.4 81.3 83.4 81.6 80.0 78.3 80.4 79.0 80.7 80.5 80.7 82.3 79.7 81.5 78.8 80.5 "77.2 "76.5 P76.6 "76.7 157.7 157.9 158.2 157.3 158.2 151.0 161.4 165.8 168.7 167.7 170.9 ' 165. 1 '164.7 Nondurable-goods industries __ Food and kindred products 9 Meat products Dairy products Canning and preserving Bakery products Beverages do __ do do do do do do Tobacco manufactures . do Textile-mill products 9 _ do Broad-woven fabric mills do Knitting mills do Apparel and other finished textile products thousands- . Paper and allied products. ... ... do Pulp, paper, and paperboard mills do Printing, publishing, and allied industries thousands. _ Chemicals and allied products _. do Industrial organic chemicals do Products of petroleum and coal-.. _. _. do . Petroleum refining do Rubber products do Tires and inner tubes do Leather and leather products do Footwear (except rubber) do Miscellaneous employment data: Federal civilian employees (executive branch) : United States continental thousands Washington, D. C., metropolitan area do Railway employees (class I steam railways): Total thousands Indexes: Unadjusted 1947-49=100. Seasonally adjusted do ' 562 557 553 '216 ' 170 '131 222 94 '327 217 13, 262 '13,204 ' 13, 131 " 13, 074 7,754 ' 7, 715 ' 7, 665 " 7, 618 5,508 ' 5, 489 ' 5, 466 P 5, 456 ' 106.0 106.8 ' 105. 8 106.2 P 105. 5 " 105. 7 2, 170. 1 p 2, 173. 3 211.4 p 212. 1 PAYROLLS Manufacturing production-worker payroll index, unadjusted (U. S. Dept. of Labor) f . 1947-49=100 " 163. 4 LABOR CONDITIONS Average weekly hours per worker (U. S. Dept. of Labor) :f 41.0 '40.2 40.5 40.2 40.2 40.3 40.7 40.1 40.4 40.1 40.3 40.5 40.7 p 40.0 All manufacturing industries hours 3.1 2.6 2.6 2.5 3.0 2.7 2.7 3.1 2.6 3.1 2.7 "2.4 2.7 2.8 \verage overtime* _ ._ do 41.9 '40.9 41.2 40.9 41.4 40.8 40.8 40.8 41.4 40.7 40.9 41.1 41.0 "40.7 Durable-goods industries do . 3.5 '2.9 3.3 3.3 2.9 2.8 '2.6 2.9 2.8 "2.6 3.3 2.9 3.0 2.9 Average overtime* do 42.6 42.0 41.8 '41.9 '42.0 42.1 41.2 41.6 41.7 41.3 42.3 41.6 "41.8 41.8 Ordnance and accessories - __ _ _ do Lumber and wood products (except furniture) 39.8 '39.1 39.5 40.0 40.9 40.5 41.4 40.3 40.1 39.6 "39.3 40.8 40.0 39.9 hours39.4 38.7 39.9 40.5 40.7 41.2 40.5 41.1 39 8 40.3 40 0 40 1 Sawmills and planing mills do 41.4 39.9 41.3 39.8 40.6 40.3 40.2 '40.1 40.2 41.0 "40. 3 41.6 41.1 41.1 Furniture and fixtures . _ _ - do 41.2 41.5 '40.3 41.1 41.4 '40.7 P40. 6 41.1 41.3 41.0 41.0 41.3 41.1 41.0 Stone, clay, and glass products do. 41.2 40.4 41.0 40.6 41.2 40.9 41.0 "40.0 39.7 40.3 41.2 41.0 40.8 41.1 Primary metal industries 9 do Blast furnaces, steel works, and rolling mills 40.9 '40.9 40.3 41.2 40 5 38.7 40.7 38.9 40 6 40 4 40 3 40 4 hours Primary smelting and refining of nonferrous 40.9 '41.2 41.3 41.1 41.3 41.3 41.6 40.8 41.7 41.2 41.6 40.9 metals _ .- .. hoursFabricated metal prod, (except ordnance, ma42.1 41.4 '41.1 "41.1 40.8 40.8 41.9 41.7 41.0 40.7 40.8 41.1 41.0 41.1 chinery, transportation equipment) hours42.6 41.8 42.2 42.2 42.1 '41.8 "41.6 41.8 41.7 42.0 41.7 42.5 42.4 42.6 Machinery (except electrical) do... r l Revised. " Preliminary. Includes Post Office employees hired for Christmas season; there were about 284,000 (revised) such employees in continental U. S. in December 1956. tSee note marked "t" on P- S-ll. 9 Includes data for industries not shown. *New series. Overtime hours (in excess of hours for either the straight-time workday or workweek) for which premiums were paid. Weekend and holiday hours are included only if premium wage rates were paid; hours for which only shift differential, hazard, incentive, or other types of premiums were paid are excluded. Data prior to January 1956 are not available. SURVEY OF CURRENT BUSINESS April 1957 S-13 1957 1956 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS February March April May June July DecemAugust Septem- October November ber January February March 40.6 Ml. 3 P40.6 p40. 6 Ml.O MO. 3 Ml. 4 P40.4 EMPLOYMENT AND POPULATION—Continued LABOR CONDITIONS— Continued Average weekly hours per worker, etc.— Continued f All manufacturing industries— Continued Durable-goods industries— Continued Electrical machinery hours Transportation equipment 9 -. ...do Automobiles _ do Aircraft and parts do Ship and boat building and repairs do Railroad equipment do Instruments and related products do Miscellaneous mfg. industries .do Nondurable-goods industries Average overtime* Food and kindred products 9 Meat products Dairy products Canning and preserving Bakery products Beverages Tobacco manufactures. Textile-mill products 9 Broad-woven fabric mills Knitting mills 40.6 39 9 38.4 42.0 39.3 40.4 41.0 40.6 40.7 40.4 39.5 41.7 39.4 41.0 40.8 40.4 41.0 40.6 39.9 41.7 39.8 40.8 41.1 40.5 40.7 39.6 37.6 41.8 40.3 40.4 40.8 40.2 40.6 39.9 38.3 41.7 40.1 40.2 40.6 40.1 40.1 40.8 39.9 41.9 40.0 41.0 40.5 39.6 40.5 40.8 39.7 42.2 39.9 38.5 40.7 40.2 41.1 41.3 40.6 42.3 39.8 40.7 41.0 40.3 41.2 41.8 41.8 42.3 39.7 40.5 41.0 40.7 41.0 42.2 42.8 42.4 38.9 39.5 40.8 40.3 41.2 43.6 45.2 42.8 40.3 40.7 41.0 40.6 40.4 Ml. 7 Ml. 3 M2.6 40.2 MO. 5 MO. 7 MO.O do do. __ do do do do do do 39.8 2.5 40.7 41.3 42.8 38.4 40.5 39.8 39.6 2.5 40.6 41.6 42.7 37.5 40.3 39.9 39.2 2.4 40.2 40.3 42.3 37.3 40.3 40.0 39.1 2.3 40.6 40.8 42.8 38.4 40.7 40.2 39.2 2.4 41.2 41.8 43.6 39.0 40.9 40.8 39.4 2.5 41.2 41.5 43.4 39.7 41.0 41.3 39.6 2.5 41.4 41.0 42.7 42.0 40.5 40.8 39.8 2.8 42.2 42.8 42.9 42.9 40.9 39.9 39.8 2.7 41.3 41.8 42.5 41.0 40.6 39.7 39.6 2.7 41.3 43.4 42.5 37.2 40.5 39.8 39.8 2.6 41.0 41.8 42.1 38.1 40.4 40.0 '39.2 2.3 40.3 41.3 Ml. 7 '37.9 '39.8 39.2 '39.3 '2.3 MO. 2 p39. 2 P2.3 P40.0 do_ do do do 36.6 40.5 41.0 38.6 37.8 39 9 40.7 37.8 37.9 39.3 40.2 36.7 38.8 38.9 39.7 37.2 39.2 38.7 39.1 37.5 38.8 38.7 38.9 37.4 39.1 39.2 39.3 38.0 40.9 39.3 39.5 37.8 39.6 40.0 40.6 38.4 38.8 40.2 40.7 38.3 39.8 40.2 40.9 37.7 '38.8 39.1 39.6 '36.8 38.4 '39.0 P36.9 P38.8 37.4 42.7 44.1 36.7 43.0 44.4 36.2 42.8 44.2 35.7 42.4 43.9 35.5 42.7 44.2 35.8 43.0 44.6 36.5 42.6 43.9 36.0 43.0 44.1 36.4 42.9 44.0 36.1 42.8 43.8 36.3 43.0 44.2 '35.9 42.4 43.9 '36.5 M2. 4 P36.6 P42.3 38.6 41.3 40.9 40.7 40.5 40.1 39.4 39.5 39.7 39.0 41.2 40.7 41.2 40.6 39.5 38.9 38.2 38.2 38.8 41.2 40.8 41.2 41.3 39.9 39.2 36.6 36.0 38.7 41.3 40.9 40.7 40.5 39.9 39.7 36.5 35.8 38.6 41.3 41.3 41.1 40.7 39.5 39.3 37.3 36.7 38.6 41.1 41.0 41.8 41.5 39.7 39.1 38.0 37.9 38.8 40.9 40.7 40.9 40.5 40.2 40.0 37.6 37.1 39.0 41.4 41.1 41.7 41.4 40.5 40.2 36.9 36.0 39.1 41.3 41.0 40.8 40.5 40.8 40.1 36.9 35.9 38.6 41.4 41.1 40.9 40.9 40.5 40.6 36.9 36.1 39.1 41.6 41.3 41.0 41.1 41.4 41.7 37.7 37.2 '38.3 41.2 Ml.O Ml. 1 Ml. 3 Ml.O Ml. 4 38.0 37.9 '38.4 Ml.l P38.6 Ml.l MO. 8 P40.8 MO. 8 P40.8 '38.2 P37.8 42.5 33.3 38.5 41.9 28.3 38.2 42.4 30.9 37.8 43.2 29.2 38.0 42.7 33.7 38.1 42.3 35.6 36.1 40.1 33.3 37.0 42.6 33.8 37.9 41.8 35.4 37.8 41.3 33.9 36.2 42.7 36.3 38.7 Ml. 9 '35.9 '37.5 40.3 43.5 36.0 38.7 35.5 40.4 43.0 35.0 37.5 34.6 41.3 44.4 36.5 39.2 36.0 40.3 45.1 37.2 40.7 36.5 40.0 45.9 38.1 42.3 37.2 41.9 45.6 37.9 42.4 37.0 40.6 45.2 38.1 42.4 37.2 42.4 45.8 38.4 42.8 37.4 40.6 45.6 38.3 42.4 37.4 40.6 44.5 36.4 39.7 35.7 41.5 43.6 36.7 39.2 36.2 41.6 M2.0 34.5 37.2 34.0 42.8 39.1 41.6 41.1 42.9 39.1 41.7 41.1 42.7 39.1 42.0 41.3 43.5 39.0 42.6 41.1 43.8 39.3 42.3 41.3 43.3 39.9 42.2 41.4 43.3 39.4 42.5 41.2 43.0 39.9 42.0 41.4 43.2 39.8 42.0 41.0 43.2 41.0 41.6 41.5 43.4 39.3 41.6 41.2 M3.0 '38.7 41.7 Ml.O Apparel and other finished textile products hours.. Paper and allied products do. . Pulp, paper, and paperboard mills do Printing, publishing, and allied industries hours. . Chemicals and allied products _ __ do Industrial organic chemicals do Products of petroleum and coal _ ^do Petroleum refining do Rubber products do Tires and inner tubes _ do Leather and leather products do Footwear (except rubber) ....do Nonmanufacturing industries: Mining: Metal do Anthracite do Bituminous coal do Crude-petroleum and natural-gas production: Petroleum and natural-gas production. -hours .. Nonmetallic mining and quarrying do Contract construction do Non building construction do Building construction do Transportation and public utilities: Local railways and bus lines do Telephone do Telegraph do Gas and electric utilities do Wholesale and retail trade: Wholesale trade do Retail trade (except eating and drinking places) 9 hours ._ General-merchandise stores do Food and liquor stores do Automotive and accessories dealers do Service and miscellaneous: Hotels year-round do Laundries _ do Cleaning and dyeing plants do Industrial disputes (strikes and lock-outs): Beginning in month: Work stoppages number Workers involved thousands In effect during month: Work stoppages number Workers involved thousands Man -days idle during month do U. S. Employment Service placement activities: Nonagricultural placements thousands Unemployment compensation, State and UCFE programs (Bureau of Employment Security) : Initial claims cf thousands Insured unemployment, weekly average d* do Benefit payments: Beneficiaries, weekly average cf do Amount of paymentsc? thous ofdol Veterans' unemployment allowances: Initial claims§ thousands Insured unemployment, weekly averagedo Beneficiaries weekly average do Amount of payments thous. of dol 40.3 40.2 40.2 40.3 40.3 40.5 40.3 40.6 40.5 40.4 40.7 40.2 38.5 34.9 37.3 43.6 38.4 34.8 37.3 43.8 38. 4 34.6 37.2 43.8 38.3 34.4 37.2 43.6 38.7 35.0 38.1 43.7 39.1 35.5 38.6 43.9 39.1 35.6 38.3 43.7 38.5 34.9 37.6 43.6 38.2 34.6 37.2 43.8 38.0 34.1 37.1 43.7 38.6 36.2 37.0 43.8 '38.1 34.6 36.8 '43. 8 41.0 40.1 38.7 41.2 40.1 39.0 41.3 40.5 39.9 40.8 40.9 41.2 40.8 40.9 40.7 41.0 40.4 39.6 40.8 39.9 38.1 40.6 40.2 39.8 40.7 40.2 39.7 40.6 39.9 39.5 40.7 40.1 39.1 MO. 4 '39.8 '38.7 250 70 250 50 350 140 450 190 350 115 400 620 350 125 325 150 325 130 200 150 150 40 225 60 225 60 350 190 2,200 350 175 2,000 450 210 1,500 550 280 2,800 500 235 2,100 550 710 13,600 550 725 3,200 550 215 1,500 525 190 1,000 375 210 1,500 300 100 800 325 80 550 350 130 825 402 450 504 567 558 519 577 591 599 474 410 433 387 1,049 1,535 936 1,472 984 1,359 993 1,255 863 1,178 1,119 1,209 837 1,059 761 988 834 878 973 1,013 1,229 1,285 '1,565 1,737 1,002 1,730 1,309 143, 923 1,313 151, 998 1,219 133, 926 1,064 125, 786 1,072 116, 040 976 111, 708 932 112, 207 889 94, 919 752 91,476 796 91, 700 941 104, 245 1,453 177, 598 1,530 164,860 29 61 73 7,050 25 57 72 7,274 20 44 59 5,722 20 35 44 4,694 29 37 46 4,452 127 41 48 4,970 127 42 52 5,630 U8 33 48 4,499 i 18 24 30 3,258 121 28 31 3,168 123 35 40 3,883 131 45 53 5,572 123 49 62 5,594 Labor turnover in manufacturing establishments: 4.1 3.1 3.3 3.4 3.1 '3.2 3.0 3.8 4.2 3.3 2.3 4.2 P2.8 Accession rate monthly rate per 100 employees.. 4.4 3.2 3.6 3.5 3.4 3.3 2.8 3.3 3.9 3.4 3.7 3.5 Separation rate, total. _ _ ... _ do .3 .2 .3 .3 .2 .3 .3 .2 .3 .3 .3 p',2 .3 Discharge do 1.4 1.2 1.2 1.8 1.4 1.4 1.5 1.5 1.6 pl.4 1.3 1.6 1.3 Lay-off ... do 2.6 2.2 1.6 1.3 1.5 1.5 1.4 1.3 Pl.2 1.0 1.3 1.7 1.6 Quit do .2 .2 .2 .2 .2 .2 .2 .2 .2 .3 .2 .2 p. 2 Military and miscellaneous do l ' Revised. » Preliminary. See note marked "§". fSee note marked "f" on p. S-ll. 9 Includes data for industries not shown. *New series. See note on p. S-12. cf Data for the UCFE program are included in initial claims, beneficiaries, and benefit payments effective January 1955 and in insured unemployment effective March 1955. § Beginning July 1956, figures include transitional claims which are excluded from earlier data. In June 1956, the number of transitional claims totaled 267. 1,592 SUEVEY OF CUERENT BUSINESS S-14 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of FebruBUSINESS STATISTICS ary April 1957 1956 March April May June July 1957 DecemAugust SeptemOctober November ber ber January February March EMPLOYMENT AND POPULATION—Continued WAGES Average weekly gross earnings (U. S. Department of Labor) :f All manufacturing industries dollars Durable-goods industries _do.__ Ordnance and accessories do _ Lumber and wood products (except furniture) dollars. _ Sawmills and planing mills do Furniture and fixtures.. __ ___do ___ Stone, clay, and glass products do 78.17 84.05 88.19 78 78 84.25 88.80 78.99 85.49 90.29 79 00 84 86 90 71 79 19 85.27 91 52 79 00 84.25 91.74 79 79 85.68 90.64 81 40 88.60 93.88 82.21 89.01 95.18 82.42 88.99 94.50 84 05 91.34 96.70 ' 82. 41 66.80 67.37 67.82 77.90 67.72 69 25 68.47 78.31 70.22 70.80 67.13 79.32 71.38 73 26 66 63 80 51 73.71 75 62 67.70 80 73 72.54 73.75 67.13 80.36 74.93 75 81 69.87 80.95 74.44 74.52 70.62 80.97 73.03 73.71 71.55 81.77 71.20 71.82 69.43 81.79 69.65 69.74 71.62 82.40 'r 67. 25 67. 73 82.41 J» 82. 00 89. 16 ' 88. 75 p 88. 73 ' 95. 76 r 96. 37 P96.56 r 68.06 f 81. 00 Primary metal industries 9 .do _ Blast furnaces, steel works, and rolling mills dollars Primary smelting and refining of nonferrous rnetals dollars Fabricated metal prod, (except ordnance, machinery, and trans, equip.) _ dollars Machinery (except electrical) do Electrical machinery do 95.35 95.12 96.00 95 53 95.71 91.48 93.69 100. 12 98.74 99.06 100. 94 99.38 99 14 99 79 100 69 100 94 96 47 97 14 107 53 104 90 105. 18 107 16 88.34 88 99 89.86 89 62 90 45 93.41 91.39 94.85 93.75 93.30 93.25 r 83.02 92.44 78.36 83.23 92.01 78.96 83.84 92.65 80.36 83.23 92.00 80 18 84.46 91.98 79 98 83.64 91.74 79.40 84.25 92.16 80.60 87.99 94.95 83.02 89.25 94.73 83.64 88.18 94.05 83.64 90.52 96.70 84.46 86.90 94.47 r Transportation equipment 9 Automobiles Aircraft and parts Ship and boat building and repairs "Railroad equipment do do do do do 89.38 87.55 92.82 85.28 94.13 90.90 89 67 92 57 86.68 95 53 91.76 90.97 93 83 87.16 95.88 89 85 94 88 94 89 73 47 26 54 91.37 88 47 94 66 89.02 95 27 93.84 92.97 95.95 88.80 97.17 94.25 93.30 97.06 90.17 89.71 97.88 99.47 97 71 90.35 97.68 99.48 102. 83 97.71 90.12 97.61 100. 86 106. 14 98.37 89.86 94.01 Instruments and related products Miscellaneous mfg. industries do do _ 80.36 69.43 80.38 69.89 81.38 70.47 81 19 69.95 80.79 69.77 81.41 68.90 82.21 69.95 83.64 70.53 83.64 72.04 83.64 71.33 Nondurable-goods industries Food and kindred products 9 Meat products Dairy products Canning and preserving Bakery products Beverages _ do _ _do _ do do do do do Tobacco manufactures do Textile-mill products 9 do Broad-woven fabric mills do Knitting mills do Apparel and other finished textile products dollars .. Paper and allied products . do_Pulp, paper, and paperboard mills do Printing, publishing, and allied industries dollars. . Chemicals and allied products do Industrial organic chemicals do _ _ Products of petroleum and coal.. Petroleum refining Rubber products. _ ._ ._ _. _ Tires and inner tubes Leather and leather products Footwear (except rubber) .- do do.-. do do do do Nonmanufacturing industries: Mining: Metal do Anthracite do Bituminous coal __ do Crude-petroleum and natural -gas production: Petroleum and natural-gas production dollars . Nonmetallic mining and quarrying do Contract construction do Nonbuilding construction do Building construction __ do Transportation and public utilities: Local railways and bus lines do Telephone do -. Telegraph do Gas and electric utilities do Wholesale and retail trade: Wholesale trade do Ketail trade (except eating and drinking places) 9 dollars. . General-merchandise stores do Food and liquor stores .do Automotive and accessories dealers do Finance, insurance, and real estate: Banks and trust companies Service and miscellaneous: Hotels year-round Laundries Cleaning and dyeing plants. _T Revised. v Preliminary. tSee note marked "f" on p. S-ll. 9 Includes data for industries not shown. 101. 27 r 68.73 P68.38 '68.97 r 81. 40 * 69. 72 P 81. 61 '98.98 P 98. 00 108. 79 94. 35 ' 87. 54 p 87. 95 ' 94. 89 P 94. 85 83.64 P83.64 105. 95 ' 99. 25 '98.29 113. 90 ' r100. 77 99. 26 100. 15 94.30 r 93.26 99. 23 99.31 v 96. 63 82. 82 84.46 72.67 f 84. 25 ' 72. 40 ' 84. 87 ' 72. 94 P 86. 53 p 73. 53 r r p73 30 69.65 74.48 85.08 73.62 58.75 72.09 82.78 70.49 75.11 86.11 73 44 59.63 71.33 84 59 70.17 74.37 83.42 73.18 59.68 71.73 84 40 70 38 75.11 84.46 73 62 60.67 73 26 84 82 70 95 76.22 86.94 75 86 60.06 74 03 87 72 71.71 76.22 86.32 75.95 61.54 74.21 89.62 71.68 75.35 84.46 74.30 65.52 73.71 88.13 72.44 76.80 89.45 75.93 67.35 74.85 85.39 72.83 76.41 88.20 74.80 65.60 74.30 84.96 73.26 78.88 95.91 75.65 58.03 74.93 86.37 74.03 78.72 91.96 75.78 61.72 73.93 86.80 ' 72. 91 78.18 91.69 r 75. 48 'r 62. 16 73. 23 50.87 57.51 56.17 52.88 55.57 57. 06 56.17 53 30 56.47 56.20 55.07 52 11 58 20 56.02 55 18 52 82 59 19 55.73 53 96 52 88 58.59 55.73 53.68 52.73 55.13 56. 45 54.23 53.58 56.03 56.99 54.51 53.68 54.25 59.20 58.46 54.91 55.87 60.30 59.02 55.15 58.51 60.30 59.31 54.29 ' 57. 42 ' 57. 22 P56 09 '58.50 v 58. 20 f 58. 65 51.61 79.85 87.32 52.48 81.27 88.80 51.77 81.32 88.40 50.69 80.98 88.68 51.12 82.41 90.61 51.91 84.28 93.21 53.29 83.92 92.19 52.92 84.71 93.05 53.87 84.94 93.28 53.07 84.74 92. 8b 54.09 85.57 94.15 ' 53. 13 ' 54. 02 ' 84. 80 91.87 84.67 89.57 93.60 84.46 89.54 93.51 85.28 90.98 93.65 86.32 91.62 93.80 87.14 93.34 93.80 87.54 93.07 94.28 87.12 92.39 95.94 88.18 94.12 95.80 87.97 93.48 94.57 88.18 94.12 96.19 89.44 94.99 r '94.85 99.72 103. 68 85.81 97.71 57.67 55.98 103. 82 107. 18 84.93 97.25 56.92 55.39 104. 65 110. 27 85.79 98.00 54.90 52.20 102. 97 107. 73 86.18 99. 65 54.75 51.91 104. 81 108. 67 84.93 98. 25 55.95 53.22 107. 01 111.22 86.15 98.14 57.00 54.96 103. 89 107. 73 87.64 101. 20 56.40 54.17 108. 00 111.78 89.51 102. 51 55.72 52.56 104. 45 108. 14 90.17 102. 66 56.09 52.41 105. 11 109. 20 88.29 103. 53 56.09 52.71 105. 37 ' 106. 45 ' 104. 45 p 104. 45 109. 74 ' T110. 68 93.15 91. 84 '90.98 P90 58 109. 25 r 107. 64 57.30 58.14 '58.83 P 58. 21 54.31 55.71 96.48 85.58 103. 18 95.11 71 32 102.38 96.67 80.34 105. 46 98.50 70 66 106. 02 97.36 88 63 107. 82 96.02 92.20 102. 16 92.63 87.25 102. 49 100.54 87.88 106. 12 97.39 94.87 110. 38 96.23 91.19 106.79 99.92 107. 45 115. 33 97.93 81. 35 96.84 94.43 97.27 99.38 81.27 94.50 91.88 95.15 103. 25 83.92 98.19 94.86 99.00 99.94 85.69 100. 44 99.31 100. 74 99.60 88.59 103. 25 104. 90 103. 42 106. 01 88.01 103. 09 105. 15 103. 23 100. 28 87.69 104. 78 106. 42 104. 53 107. 70 89.77 106. 37 108. 28 106. 22 101. 09 89.83 106.86 108. 12 106.59 101. 50 87.22 102. 28 100.84 102. 46 104. 58 85.46 103. 86 99.96 104. 62 82.60 71.94 78.21 88.37 83.23 71.94 78.81 89.19 83.27 72.34 79.38 90.45 84.83 72.15 80.94 90.42 85.85 73.10 85.87 91.69 85.73 74.21 85.24 92.32 85.30 72.89 86.28 91.88 85.14 74.21 85.26 92.74 85.54 74.03 85.26 92.66 85.97 77.08 84.03 94.21 86.80 75.46 84.03 93.94 78.99 80.00 80.80 81.00 81.41 82.22 81.41 82.82 82.32 82.82 83.84 59.29 42.58 61.92 78.92 59.14 42.11 61.92 80.15 59.90 42.90 62.50 81.03 59.75 42.66 62.87 81.10 61.15 44.10 64.39 83.03 62.17 44.73 65.62 83.41 61.78 44.50 64.73 82.16 61.22 43.97 64.30 81 97 60.74 43.60 63.61 81.03 60.42 42.63 63.81 81.72 59.83 43.80 63.27 81.91 61.53 62.11 61.79 61.93 62.55 62.35 62.86 42.43 42.95 51.69 42.23 42.42 49.90 42.43 41.90 48.39 42.22 42.61 50.94 42.74 42.61 50.82 42.63 42.29 50.56 43.14 42.91 50.05 do.- - 61.61 61.75 61.89 61.51 do do do 41.41 40.90 47.21 41.20 41.70 47.97 41.71 42.12 49.88 42.02 42.54 51.91 73. 10 77. 99 P78.00 84.67 57.42 52.99 r 84.38 93.07 93. 84 88.58 '94.30 r r T 98. 05 105 55 110. 63 104.83 r r 82. 32 98.33 94.86 98.94 r r 86. 86 73. 92 86.32 r 93. 07 82.81 ' 61. 34 43. 94 r T 63.66 82. 34 ••63.82 '42 42 42. 59 ' 49. 92 r P 54. 17 P 84. 60 P 95. 73 ' 88. 78 P 88. 78 SURVEY OF CURRENT BUSINESS April 1957 S-15 1957 1956 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS February March April May June July DecemAugust Septem- October November ber Janu- February | ary March EMPLOYMENT AND POPULATION—Continued WAGES— Continued Average hourly gross earnings (U. 8. Department of Labor) :f All manufacturing industries dollars Excluding overtime* do Durable-goods industries do__ Excluding overtime* do Ordnance and accessories do Lumber and wood products (except furniture) dollars. . PawmiH^ ?vnd nlaning mills do Furniture and fixtures do Stone, clay, and glass products ___do Primary metal industries 9 do Blast furnaces, steel works, and rolling mills dollars Primary smelting and refining of nonferrous metals -_ .-. dollars Fabricated metal prod, (except ordnance, machinery, transportation equipment)., dollars. . Machinery (except electrical) _ do Electrical machinery do . 1.93 1 86 2.05 1 98 2.12 1.95 1 88 2.06 1 99 2.15 1.96 1 90 2.08 2 00 2.16 1 97 1 90 2.08 2 01 2.17 1 97 1 91 2 09 2 02 2.20 1.97 1 90 2.07 2 01 2.20 1.98 1.91 2.10 2 03 2.20 2.00 1 93 2.14 2 06 2.23 2.02 1.94 2.15 2 06 2.25 2.03 1.96 2.16 2 08 2.25 2.05 1.97 2.18 2 09 2.27 2.05 1.98 '2.18 2.10 2.28 1.67 1 68 1.65 1.90 2.32 1.71 1 74 1.67 1.91 2.32 1.76 1 77 1 67 1.93 2 33 1.78 1 80 1 67 1.94 2 33 1.82 1 84 1 68 1.95 2 34 1.80 1 83 1.67 1.96 2.27 1.81 1 84 1.70 1.96 2.36 1.82 1 84 1.71 1.97 2.43 1.79 1 82 1.72 1.98 2.42 1.78 1 80 1.71 1.99 2 44 1.75 1 77 1.73 2.00 2.45 1.72 ••1.75 1.71 '2.01 2.47 2.46 2.46 2.47 2.48 2 48 2.48 2.51 2.61 2.59 2.61 2.62 ••2.66 2.16 2.16 2.16 2.17 2.19 2.24 2.24 2.28 2.27 2.27 2.28 2.29 2.02 2.17 1.93 2.03 2.17 1.94 2.04 2.18 1.96 2.04 2.18 1.97 2.06 2 19 1.97 2.05 2.20 1.98 2.07 2.21 1.99 2.11 2.25 2.02 2.13 2.25 2.03 2.13 2.25 2.04 2.15 2.27 2.05 2.13 2.26 '2.05 2.05 "2.05 '2.17 "2. 18 '2.30 "2.31 1.74 "1.74 1.72 2.00 '2.45 »1. 73 "2.01 "2.45 '2.13 2.27 2.06 "2. 14 "2. 28 "2.06 2.38 "2.38 '2.07 '1.81 "2.09 "1.82 Transportation equipment 9 Automobiles Aircraft and parts Ship and boat building and repairs Railroad equipment . Instruments and related products Miscellaneous mfg. industries do do do do do do do 2.24 2.28 2.21 2.17 2.33 1.96 1.71 2.25 2.27 2.22 2.20 2.33 1.97 1.73 2.26 2 28 2.25 2.19 2.35 1.98 1.74 2 27 2 28 2.26 2 19 2.34 1.99 1.74 2 29 2 31 2 27 2 22 2.37 1.99 1.74 2.30 2.33 2.29 2.22 2.37 2.01 1.74 2.31 2 35 2.30 2.26 2.33 2.02 1.74 2.37 2 45 2.31 2 27 2.40 2.04 1.75 2 38 2 46 2.31 2 27 2.41 2.04 1.77 2 39 2 48 2 32 2 31 2.38 2.05 1.77 2.43 2 52 2.34 2.34 2.44 2.06 1.79 ••2.38 ' 2 44 2.33 2.32 2.45 2.07 '1.81 Nondurable-goods industries Excluding overtime* __ _ _ Food and kindred products 9 Meat products Dairy products Canning and preserving Bakery products Beverages do do do _ do do do do do 1.75 1.70 1.83 2.06 1.72 1.53 1.78 2.08 1.78 1.73 1.85 2.07 1.72 1.59 1.77 2.12 1.79 1.74 1.85 2.07 1.73 1.60 1.78 2.11 1.80 1.75 1.85 2.07 1.72 1.58 1.80 2.11 1.81 1 76 1.85 2.08 1.74 1.54 1.81 2 15 1.82 1.77 1.85 2.08 1.75 1.55 1.81 2.17 1.81 1.75 1.82 2.06 1.74 1.56 1.82 2.16 1.82 1.76 1.82 2.09 1.77 1.57 1.83 2.14 1.83 1.78 1.85 2.11 1 76 1.60 1.83 2 14 1.85 1 79 1.91 2.21 1 78 1.56 1 85 2 17 1.86 1.80 1.92 2.20 1.80 1.62 1.83 2.17 1.86 1.81 1.94 2.22 1.81 ••1.64 1.84 2 16 1.86 "1.87 1.94 "1.95 Tobacco manufactures do Textile-mill products 9 do _ Broad-woven fabric mills do Knitting mills do Apparel and other finished textile products dollars. . Paper and allied products do Pulp, paper, and paper board mills _ do ._ Printing, publishing, and allied industries, .do Chemicals and allied products.. do Industrial organic chemicals do .39 .42 .37 .37 1.47 1.43 1.38 1.41 1.49 1.43 1.37 1.42 1.50 1.44 1.39 1.42 1.51 1.44 1.38 1.41 1.51 1.44 1.38 1 41 1.41 1.44 1.38 1.41 1.37 1.45 1.38 1.42 1.37 1.48 1.44 1.43 1 44 .50 .45 .44 1.47 1.50 1.45 1.44 1.48 '1.50 1.45 1.44 ' 1.49 1.50 "1 52 v 1. 50 .38 .87 1.98 2.38 2.05 2.19 1.43 1.89 2.00 2.40 2.05 2.20 1.43 1.90 2.00 2.41 2.07 2.23 1.42 1.91 2.02 2.42 2.09 2.24 1.44 1.93 2.05 2.43 2.11 2.26 1.45 1.96 2.09 2.43 2.13 2.27 1.46 1.97 2.10 2.43 2.13 2.27 1.47 1.97 2.11 2.46 2.13 2.29 1.48 1.98 2.12 2.45 2.13 2.28 .47 .98 2.12 2.45 2.13 2.29 1.49 1.99 2.13 2.46 2.15 2.30 1.48 1.99 2.12 2.45 2.15 '2.30 1.48 2.00 "1.48 "2.00 '2.47 '2.16 "2.48 "2.16 Products of petroleum and coal Petroleum refining Rubber products " Tires and inner tubes Leather and leather products Footwear (except rubber). 2.45 2.56 2.14 2.48 1.46 1.41 2.52 2.64 2.15 2.50 1.49 1.45 2.54 2.67 2.15 2.50 1.50 1.45 2.53 2.65 2.16 2.51 1.50 1.45 2.55 2.67 2.15 2.50 1.50 1.45 2.56 2.68 2.17 2.51 1.50 1.45 2.54 2.66 2.18 2.53 1.50 1.46 2.59 2.70 2.21 2.55 1.51 1.46 2.56 2.67 2.21 2.56 1.52 1.46 2.57 2.67 2 18 2.55 1.52 1.46 2.57 2.67 2.25 2.62 1.52 1.46 2.59 2.68 ' 2 24 2.60 1.53 '1.47 2.56 "2 56 2 23 "2 22 1.54 "1.54 2.27 2.57 2.68 2.27 2.52 2.68 2.28 2.60 2.79 2.28 2.42 2.79 2.28 2.63 2.83 2.27 2.59 2.83 2.31 2.62 2.77 2.36 2.60 2.80 2.33 2.68 2.92 2.33 2.69 2.95 2.34 2.96 2.98 ' 2 34 2.94 ' 2.95 2.43 1.87 2.69 2.44 2.74 2.46 1.89 2.70 2.45 2.75 2.50 1.89 2.69 2.42 2.75 2.48 1.90 2.70 2.44 2.76 2.49 1.93 2.71 2.48 2.78 2.53 1.93 2.72 2.48 2.79 2.47 1.94 2.75 2.51 2.81 2.54 1.96 2.77 2.53 2.84 2.49 1.97 2.79 2.55 2.85 2.50 1.96 2.81 2.54 2.87 2.52 1.96 2.83 2.55 2.89 2.52 1.96 2 85 ' 2. 55 2 91 1.93 1.84 1.88 2.15 1.94 1.84 1.89 2.17 1.95 1.85 1.89 2.19 1.95 1.85 1.90 2..20 1.96 1.86 2.03 2.22 1.98 1.86 2.02 2.23 1.97 1.85 2.03 2.23 1.98 1.86 2.03 2.24 1.98 1.86 2.03 2 26 1.99 1.88 2.02 2.27 2.00 1.92 2.02 2.28 T 2.220 3 459 2.220 3 462 do do do do _ -do do Nonmanufacturing industries: Mining: Metal do Anthracite _ _ do Bituminous coal do Crude-petroleum and natural-gas production: Petroleum and natural-gas prod . dollars. _ Nonmetallic mining and quarrying do Contract construction do Nonbuilding construction. _ do Building construction _ do __ Transportation and public utilities: Local railways and bus lines do Telephone. do Telegraph _ do Gas and electric utilities do Wholesale and retail trade: Wholesale trade do Retail trade (except eating and drinking places) 9 dollars.. General-merchandise stores do Food and liquor stores _ ..do. .. Automotive and accessories dealers. _ do Service and miscellaneous: Hotels, year-round. do Laundries do Cleaning and dyeing plants do Miscellaneous wage data: Construction wage rates (ENR):§ Common labor dol. per hr_. Skilled labor do Farm wage rates, without board or room (quarterly) dol. per hr Railway wages (average, class I) do Road-building wages, common labor (qtrly).__do 2.02 1 91 2 07 2 27 1.96 1.99 2.01 2.01 2.02 2.03 2.02 2.04 2.04 2.05 2.06 2 06 1.54 1.22 1.66 1.81 1.54 1.21 1.66 1.83 1.56 1.24 1.68 1.85 1.56 1.24 1.69 1.86 1.58 1.26 1.69 1.90 1.59 1.26 1.70 1.90 1.58 1.25 1.69 1.88 1.59 1.26 1.71 1.88 1.59 1.26 1.71 1.85 1.59 1.25 1.72 1.87 .55 .21 .71 .87 1.61 ••1.27 1 73 1 88 1.01 1.02 1.22 1.00 1.04 1.23 1.01 1.04 1.25 1.03 1.04 1.26 1.04 1.05 1.27 1.03 1.05 1.26 1.04 1.05 1.27 1.04 1.06 1.28 1.05 1.06 1.28 1.05 1.06 1.28 .06 .07 .28 '1.05 1 07 1.29 2.117 3.309 2.117 3.310 2.123 3.318 2.148 3.342 2.168 3.366 2.187 3.391 2.192 3.412 2.192 3.416 2.192 3 423 2.192 3 433 2.192 3 433 2.212 3 458 2.127 o.92 2.105 .89 2.115 1.70 2.097 2.115 .91 2.107 1.76 2.097 2.143 82 2.100 1.90 2.191 2.216 95 a 92 1 86 ' Revised. " Preliminary. « As of Apr. 1, 1957. fSee note marked " t" on p. S-ll. 9 Includes data for industries not shown. *New series. Excludes only the earnings for overtime paid for at one and one-half times the straight-time rates after 40 hours a week. No adjustment is made for other premium-payment provisions, e. g., holiday work, late-shift work, and overtime rates other than time and one-half. Data prior to 1955 will be shown later. § Rates as of April 1,1957: Common labor, $2.225; skilled labor, $3.467. SUKVEY OF CUEEENT BUSINESS S-16 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 August Septem- October Novem- December ber ber January February March FINANCE BANKING Acceptances and commercial paper outstanding: Bankers' acceptances mil. of dol Commercial paper _ _ do Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.: Total mil. of dol Farm mortgage loans* Federal land banks do Loans to cooperatives _ _ do Other loans and discounts do Bank debits, total (344 centers) New York City 6 other centers cf - do do do Federal Reserve banks, condition, end of month: Assets total 9 do Reserve bank credit outstanding, total 9 do Discounts and advances do United States Government securities do_ _ Gold certificate reserves do Liabilities, total 9 _ Deposits, total 9 Member-bank reserve balances Excess reserves (estimated) Federal Reserve notes in circulation do do do ___do do Ratio of gold certificate reserves to deposit and FR note liabilities combined percent.. Federal Reserve weekly reporting member banks, condition, Wednesday nearest end of month: Deposits: Demand, adjusted© mil. of dol Demand, except interbank: Individuals, partnerships, and corporations mil. of dol__ States and political subdivisions do United States Government do 667 588 660 560 628 508 643 515 684 476 723 509 772 548 805 549 843 573 924 568 967 506 1,012 548 992 555 2,670 1,541 370 759 2,726 1,568 355 804 2,791 1,591 348 851 2,848 1,617 334 897 2,924 1,638 352 934 2,956 1,656 356 943 2,987 1,675 375 937 2,980 1,689 397 893 2,966 1,709 441 816 2,960 1,724 462 774 2 971 1 744 457 770 3,003 1,763 454 786 3,062 1,788 444 829 162, 107 57, 413 35, 143 189, 793 73, 214 40, 132 176, 760 65, 715 37,763 185, 584 69, 452 38, 766 186, 540 70, 733 38, 937 181, 284 65, 873 38, 653 183, 819 67, 279 38, 206 167, 154 61, 223 34, 057 193, 140 70, 794 40, 148 185, 223 66, 989 39, 425 201, 876 77, 495 40, 912 204, 293 76,460 42, 596 178, 049 67, 035 37, 551 197, 024 74, 786 42, 113 50, 615 24, 920 632 23, 482 21,011 50, 822 25, 761 872 23, 636 21, 036 50, 509 25,307 1,204 23,345 21, 051 50, 783 25, 377 1,160 23, 474 21,085 50, 717 25, 219 232 23, 758 21, 109 50, 327 24,868 452 23, 438 21, 151 50, 593 25, 480 832 23, 854 21, 179 51, 309 25, 487 664 23, 680 21, 197 51, 391 25, 236 538 23, 767 21, 223 52, 145 26, 267 518 24, 385 21, 227 52, 910 26, 699 50 24, 915 21, 270 51, 853 25, 195 668 23,421 21, 562 51, 387 24, 704 595 22,887 21, 626 51, 016 24, 970 994 23, 149 21, 627 50, 615 19, 651 18, 428 266 26, 029 50, 822 20, 311 18, 799 523 26, 098 50, 509 20, 097 18, 784 459 25, 971 50, 783 19.904 18, 773 569 26, 168 50, 717 19, 575 18, 443 —6 26, 367 50, 327 19, 416 18, 308 204 26, 370 50, 593 19, 911 18, 888 511 26, 510 51, 309 19, 927 18, 831 381 26, 546 51, 391 19, 734 18, 668 209 26, 567 52, 145 20, 209 19, 208 489 27, 064 52, 910 20, 249 19, 059 -30 27, 476 51, 853 20,203 18, 882 365 26, 698 51, 387 19, 566 18, 576 ••282 26, 556 51, 016 19, 835 18, 629 "119 26, 454 46.0 45.3 45.7 45.8 45.9 46.2 45.6 45.6 45.8 44.9 44.6 46.0 46.9 46.7 56, 230 55, 733 55, 896 55, 521 56, 210 55, 556 55, 381 54,915 56, 069 56, 632 57, 629 58, 076 56,370 55, 118 58, 326 4,319 2,391 57, 147 4,254 4,342 57, 224 4,632 3,343 57, 319 4,451 3,669 57, 960 4,367 3,420 57, 492 4,168 2,085 57, 026 3,928 3,648 57, 448 3,800 3,010 58, 980 4,007 2,303 59, 296 3,909 2,877 61, 966 4,183 2,181 59, 951 4,211 790 59, 228 4,099 1,554 57, 179 4,045 3,946 Time, except interbank, total 9 do Individuals, partnerships, and corporations mil. ofdol__ States and political subdivisions- „ ___do Interbank (demand and time) .... . ^ do 20, 525 20, 633 20,555 20, 596 20, 859 20, 780 20,844 20, 921 20, 912 20, 640 21,017 21, 336 21,554 22, 083 19, 331 992 12, 526 19, 406 1,032 12, 691 19, 304 1,072 12,964 19, 378 1,041 12,224 19, 652 1,031 12, 966 19, 596 1,004 13, 359 19,661 1, 005 12, 909 19, 760 971 13, 844 19, 794 929 13, 653 19, 556 898 13, 609 19, 919 916 15, 609 20, 214 939 12, 625 20,407 964 12, 775 20, 897 1,004 13, 373 Investments, total do U. S. Government obligations, direct and guaranteed, total mil. of dol__ Bills do Certificates do Bonds and guaranteed obligations. _ do Notes do Other securities do 36, 526 36, 258 35, 495 34, 824 34, 478 33, 684 34, 421 33, 857 33, 668 33, 746 34 259 33, 521 33, 259 34, 309 28, 272 910 586 20, 103 6,673 8,254 27, 995 837 708 19, 926 6,524 8,263 27, 357 753 588 19, 758 6,258 8,138 26, 873 679 544 19, 600 6,050 7,951 26, 582 683 358 19, 505 6,036 7,896 25, 978 498 350 19, 242 5,888 7,706 26, 576 548 1,187 19, 123 5,718 7,845 25, 979 486 953 18, 943 5,597 7,878 25, 961 818 790 18, 895 5,458 7,707 26, 141 1,260 762 IS, 840 5,279 7, 605 26, 774 2 093 703 18, 756 5,222 7 485 26, 101 1,681 680 18, 658 5,082 7,420 25, 723 1,461 746 18, 638 4,878 7,536 26, 635 1,243 1,608 18, 569 5, 215 7,674 47, 694 Loans (adjusted), total© do 26, 346 Commercial, industrial, and agricultural do 2,422 To brokers and dealers in securities. do Other loans for purchasing or carrying securities mil. of dol. . 1,287 8,224 Real-estate loans do 10, 259 Other loans do 49, 373 27, 781 2,436 49, 953 28, 053 2,412 49, 900 27, 784 2,435 51, 144 28, 845 2,380 50, 925 28, 734 2,269 51, 120 29, 168 1,948 51, 798 29, 849 1,930 51, 992 29, 931 1,975 52, 461 30, 407 1,915 53, 375 31, 137 2 130 51, 776 30, 260 1,689 51, 779 30, 314 1,760 52, 944 31, 322 1,952 1,292 8,341 10, 373 1,298 8,430 10, 618 1,277 8,503 10, 756 1,271 8,606 10, 899 1,255 8,671 10, 864 1,235 8,738 10, 895 1,230 8,794 10, 871 1,208 8,857 10, 900 1,205 8,855 10, 956 1,208 8,839 11 069 1,182 8,790 10, 868 1,148 8,762 10, 813 1,152 8,691 10, 873 3.00 3 98 4.75 3.00 4 11 4.79 Money and interest rates :§ Bank rates on business loans: In 19 cities New York City 7 other northern and eastern cities 11 southern and western cities 4.35 4.20 4.39 4.53 4.14 3.97 4.15 4.38 3.93 3.75 3.93 4.19 percent do do do 4 4 4 4 38 22 40 58 do do do 2.50 3.14 4.17 2.50 3.19 4.17 2.75 3.19 4.17 2.75 3.27 4.17 2.75 3.31 4.29 2.75 3.33 4.33 3.00 3.34 4.33 3.00 3.42 4.46 3.00 3.51 4.46 3.00 3.71 4.50 3.00 3 89 4 63 do do do 2. 38 3.00 3.63 2.38 3.00 3.63 2.44 3.14 3.94 2.50 3.27 4.00 2.45 3.38 4.00 2.43 3.27 4.00 2.65 3.28 4.14 2.88 3.50 4.38 2.88 3.63 4.38 3.05 3.63 4.38 3.35 3.63 4.38 3.38 3.63 4.38 3.38 3.63 4.38 3.27 3.63 do__ do 2.372 2.65 2.310 2.83 2.613 3.11 2.650 3.04 2.527 2.87 2.334 2.97 2.606 3.36 2.850 3.43 2.961 3.29 3.000 3.49 3.230 3.65 3.210 3.40 3.165 3.33 3.140 3.38 Savings deposits, balance to credit of depositors : New York State savings banks mil. of dol U S postal savings'! -, do 16, 651 1,849 16, 795 1,829 16, 795 1,808 16,900 1,787 17, 092 1,765 17, 098 1,742 17, 135 1,720 17, 227 1,699 17, 372 1,665 17, 626 v 1,648 17, 611 v 1, 621 17, 657 *> 1, 599 P 1, 576 37, 474 37, 761 38, 222 38, 919 39, 454 39, 478 39, 878 40, 074 40, 196 40, 631 41, 863 40, 916 40,513 28, 915 29, 112 29, 419 29,763 30, 084 30, 297 30, 644 30, 707 30, 811 31, 024 31, 552 31,298 31, 233 Discount rate (N. Y. F. R. Bank) . Federal intermediate credit bank loans Federal land bank loans Open market rates, New York City: Acceptances, prime, bankers' 90 days Commercial paper, prime. 4-6 months Call loans renewal (N Y S E ) Yield on U. S. Govt. securities: 3-month bills 3-5 year taxable issues T 17, 247 1, 681 r r CONSUMER CREDIT t (Short- and Intermediate-term) Total outstanding end of month Installment credit total mil of dol do 14, 381 14, 530 14, 059 14, 436 14, 255 14, 389 14, 449 14, 533 14, 478 13, 892 14, 410 13, 743 13, 574 Automobile paper do 7,421 8,139 7,601 7,493 7,417 7,401 7,337 7,805 7,752 7,497 7,300 7,938 7,371 Other consumer-goods paperdo 1,734 1,793 1,700 1,677 1, 710 1,772 1,759 1,781 1,797 1,758 1,643 1,631 1,628 Repair and modernization loans do 7,184 6,785 6,951 6,887 6,712 6,626 6,919 6,547 6,342 7,259 7,199 7,026 6,438 Personal loans do r Revised. * Preliminary. cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. 9 Includes data not shown separately. ©For demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of loans to banks and deduction of valuation reserves (individual loan items are gross, i. e., before deduction of valuation reserves). § For bond yields, see p. S-20 •[Data through June 1956 are as of end of month; thereafter, as of end of consecutive 4-week periods ending in month indicated, j See corresponding note on p. S-17. SUKVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-17 1957 1956 February March April May June July DecemOctober NovemAugust September ber ber January February March FINANCE—Continued CONSUMER CREDIT*— Continued (Short- and Intermediate- term) Total outstanding, end of month— Continued Installment credit, total— Continued By type of holder: Financial institutions, total mil. of dol Commercial banks .._ .. -do Sales-finance companies do Credit unions do Consumer finance companies do Other do Retail outlets, total Department stores Furniture stores Automobile dealers Other Noninstallment credit, total __ _ _ Single-payment loans Charge^accounts Service credit_ By type of holder: Financial institutions Retail outlets Service credit 24, 870 10, 796 8,526 1,732 2,739 1,077 25,208 11,009 8,575 1,767 2,773 1,084 25, 528 11,170 8,641 1,806 2,805 1,106 25,963 11, 394 8,765 1,848 2,845 1,111 26, 193 11, 476 8,849 1 880 2,880 1,108 26, 475 11, 548 8, 953 1 933 2,920 1 121 26 551 11 548 8 989 1 960 2 924 1 130 26 635 11, 606 8 973 1 994 2 938 1 124 do do.. _ do do ...do 4,328 1,436 1,001 538 1,353 4,242 1,377 984 544 1,337 4,211 1, 380 974 548 1,309 4,235 1,389 971 554 1,321 4,121 1,247 973 562 1,339 4,104 1,239 967 568 1,330 4,169 1,286 973 575 1.335 4 156 1,269 970 576 1,341 4 176 1,269 974 574 1,359 4 178 1 230 988 573 1 387 -. -do_ _ 8,559 8,649 8, 803 9,156 9,370 9,181 9,234 9,367 9,385 9 607 10, 311 9,618 9,280 2,932 3,530 2,097 3, 050 3,469 2,130 3,094 3, 531 2,178 3,258 3,701 2,197 3,335 3,804 2,231 3,261 3,674 2,246 3,295 3, 696 2,243 3 361 3,780 2 226 3 310 3, 875 2 200 3 401 4 029 2 177 3 421 4,702 2 188 3,360 4,085 2,173 3,433 3,662 2,185 do.. - do do 2,932 3,530 2,097 3,050 3,469 2,130 3,094 3,531 2,178 3, 258 3,701 2,197 3,335 3,804 2,231 3,261 3,674 2,246 3,295 3,696 2,243 3,361 3 780 2,226 3,310 3 875 2,200 3 401 4 029 2 177 3,421 4 702 2,188 3,360 4,085 2,173 3,433 3,662 2,185 do do do do 2,918 1,236 731 951 3,305 1,378 821 1,106 3,329 1,345 894 1,090 3,470 1,407 949 1,114 3,390 1,391 883 1,116 3,316 1,337 872 1,107 3,504 1,393 952 1 1P9 2,981 1 150 840 991 3,382 1 284 1,010 1 088 3 387 1 225 1 037 1 125 3,735 1 195 1,266 1 274 ' 3, 079 1,258 r 777 1,044 2,954 1,214 727 1,013 do do - do do 2,889 1,143 847 899 3,108 1.209 892 1,007 3,022 1,196 857 969 3,126 1,240 885 1,001 3,069 1,195 867 1,007 3,103 1,211 868 1,024 3,157 1,244 880 1,033 2,918 1 147 836 935 3,278 1 339 906 1, 033 3 174 1 254 886 1 034 3,207 1 208 879 1,120 r 3, 333 1,305 ^978 1,050 3,019 1,193 860 966 do do ..-do do 3,317 1,390 883 1,044 3,167 1.278 858 1,031 3,402 1,324 966 1,112 3, 255 1,250 930 1,075 3,049 1, 175 839 1,035 3,293 1,246 925 1,122 3,350 1,258 951 1,141 3,153 1,191 883 1,079 3,363 1,308 942 1,113 3 453 1 354 973 1 126 3,368 1 311 939 1,118 r 3, 512 1,477 '899 1,136 3,496 1,426 914 1,156 2,946 1,182 821 943 2,894 1,131 823 940 3,142 1,256 869 1,017 3,060 1,224 857 979 3,006 1,156 868 982 3,158 1,227 890 1,041 3,145 1,212 891 1,042 3,085 1, 184 892 1,009 3,182 1,283 882 1,017 3 160 1 231 904 1 025 3,185 1,236 918 1,031 ' 3, 311 1,326 '935 1,050 3,214 1,286 874 1,054 7,158 6,195 57 5,959 944 198 12 499 11,313 59 11 344 963 133 5 562 4,082 59 4 461 894 147 7,107 5,050 63 5,780 1,014 251 12, 598 11, 601 57 11, 255 967 319 3 927 3,485 63 2 601 970 292 5 959 4,954 64 4 772 1, 030 93 6 897 6,218 60 5 846 869 122 3 660 3,184 75 2 185 1,149 250 5 705 4 818 63 4 478 1 014 150 5 898 5 412 59 4 570 894 374 5,279 4,809 64 3 903 978 333 7,486 6,188 53 6 313 963 157 4, 950 553 398 3,214 786 5,399 559 400 3,284 1 156 5,387 565 406 3,232 1,185 5,467 561 432 3,433 1,040 5,902 567 r 369 3, 608 1 357 4,918 570 '353 r 3, 152 '843 5,995 582 '396 'r 3, 750 1, 267 5 718 631 r 405 3, 576 1 106 6,095 651 5,743 585 276, 345 273, 481 229, 746 43, 736 2,863 275, 789 273, 078 229, 689 43, 389 2,711 276, 729 273, 977 229, 637 44, 339 2,752 275, 565 272, 959 226, 905 46, 054 2,606 274, 261 271, 660 225, 827 45, 834 2,601 275, 283 272, 720 227, 238 45, 482 2,563 276, 628 274, 219 228, 581 45,639 2 408 276, 229 273, 698 228, 367 45, 331 2,531 276, 269 273, 919 228, 449 45, 470 2,350 do .do - do Installment credit extended and repaid: Unadjusted: Extended, total _. _ Automobile paper Other consumer-goods paper .. All other Repaid, total Automobile paper Other consumer-goods paper All other Adjusted: Extended, total . Automobile paper Other consumer-goods paper All other 24, 587 10, 668 8,460 1,697 2,701 1,061 _._ Repaid, total Automobile papt-r Other consumer-goods paper All other __do . do do do 26 11 9 2 2 I 846 634 075 021 961 155 27 038 11 682 9 100 2 048 3 049 1 159 26 931 11, 616 9 077 2 045 3,041 1 152 26, 967 11,641 9,035 2 074 3,051 1,166 4,367 1,380 975 568 1,444 4,266 1,345 957 568 1, 396 4 514 1,407 1 020 572 1,515 FEDERAL GOVERNMENT FINANCE Budget receipts and expenditures: Receipts total Receipts, net Customs Income and employment taxes Miscellaneous internal revenue All other receipts Expenditures, total Interest on public debt Veterans' services and benefits Major national security All other expenditures mil of dol do do do do do do do do do do Public debt and guaranteed obligations: 280, 108 Gross debt (direct), end of month, total _.-do 277, 295 Interest bearing, total do Public issues _ _ _ __. -_do___ 233, 607 43, 688 Special issues . _ - do 2,814 Noninterest bearing do Obligations guaranteed by U. S. Government, end 58 of month . mil. of dol. _ U. S. Savings bonds: 58, 166 Amount outstanding, end of month _ do 544 Sales, series E through K do 660 Redemptions -do Federal business-type activities, end of quarter :f Assets, except interagencv, total mil. of dol Loans receivable, total (less reserves) do To aid agriculture do To aid homeown°rs do Foreign loans do All other do Commodities, supplies, and materials U. S. Government securities- ._ Other securities and investments Land, structures, and equipment All other assets do do do do do r T 6,937 602 r 403 4, 478 1, 453 272, 751 269, 883 224, 769 45, 114 2,868 r T 5,542 627 '361 2, 945 1, 609 272, 645 269, 972 224, 618 45, 353 2,674 T T r r 5 726 580 r 407 3, 564 1 175 277, 017 274, 471 228, 749 45, 722 2,546 r r 274, 999 272, 773 227, 169 45, 603 2,226 59 56 62 74 74 79 85 89 94 103 107 109 109 58, 169 518 604 58, 137 453 571 58, 110 451 571 57, 857 437 815 57, 717 484 749 57, 661 436 582 57, 583 355 523 57, 439 414 644 57, 231 389 692 57, 018 390 728 56, 570 496 1,070 56, 317 386 728 56,068 384 723 i 58, 485 20, 580 7,377 3,230 8,106 2,131 i 78, 677 19, 871 r 6, 790 r 3, 299 8,172 2,208 i 69, 143 20, 331 7,160 3, 391 8,229 2,208 14, 119 3,677 3,637 8,056 8,417 21,812 3,719 3,695 17, 463 12, 117 20,949 3,720 3, 668 10, 028 10, 447 i 5, 944 i 6, 199 Liabilities, except interagency, total do __ i 6, 240 2,799 2,470 Bonds, notes, and debentures do 2 656 3,245 3,729 3,584 Other liabilities do 1 1 1 651 692 Private proprietary interest do 980 1 i 62, 506 51, 635 U.S. Government proprietary interest do i 71, 457 T Revised. » Preliminary. * See note marked "t". t Revised to adjust to new survey and census information. For credit outstanding, the revisions begin with 1948 (except data for consumer finance companies which are separately available from September 1950 only); for credit extensions and repayments, the revisions begin with 1940. See the October 1956 Federal Reserve Bulletin for all revisions prior to September 1955. t Figures beginning with the 1st quarter of 1956 are not comparable with those through 1955. They are the revised series reflecting expanded coverage and new classification of agencies now reporting to the Treasury under Department Circular No. 966. Moreover, the 1956 data are not directly comparable from quarter to quarter, since activities covered vary. The revised data cover the condition of public-enterprise and intragovernmental funds, certain other activities of the U. S. Government, and certain deposit and trust revolving funds. Interagency items are excluded except in the cose of trust revolving funds. SURVEY OF CURRENT BUSINESS S-18 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 DecemAugust SeptemOctober November ber ber January February March FINANCE—Continued LIFE INSURANCE Institute of Life Insurance: Assets, total, all U. S. life insurance companies mil. of dol Bonds (book value), domestic and foreign, total mil. of dol U S Government do State, county, municipal (U. S.) do _ Public utility (U. S.) do Railroad (U. S ) do Industrial and miscellaneous (U. S.) - do Stocks (book value), domestic and foreign, total mil. of dol Preferred (U. S.) do Common (U. S.) . _ do Mortgage loans, total do Nonfarm do Real estate do Policy loans and premium notes do Cash ... _ __ do Other assets _ _ do Life Insurance Agency Management Association: Insurance written (new paid-for insurance) :O \7alue, estimated total mil of dol roup and wholesale . do iduslrial _ do Ordinary total® do New England . do Middle Atlantic do East North Central do West North Central do South Atlantic do East South Central do West South Central do MOH TI tail} do Pacific do Institute of Life Insurance: Payments to policyholders and beneficiaries, estimated total mil of dol Death benefits do Matured endowments do Disability payments do Annuity payments _ _ do Surrender values do Policy dividends do Life Insurance Association of America: Premium income (39 cos ) Quarterly total do Accident and health do \nnuities do Oroup do Industrial do Ordinary do g 91, 240 91,543 92, 025 92, 478 92, 876 93,580 93,992 94, 411 94,869 95, 274 95, 819 96, 316 96,738 48, 036 8,236 2,144 13, 614 3,849 17,680 48,008 8,045 2,153 13, 618 3,873 17, 798 48,164 8,085 2,153 13, 653 3,852 17,900 48, 212 7,986 2,140 13, 707 3,850 18.002 48, 279 7,921 2,148 13, 762 3,854 18, 059 48, 594 7,886 2,191 13,835 3,853 18,256 48,665 7,778 2,206 13,903 3,853 18,340 48, 799 48, 970 2,218 13, 914 49,058 7,532 2,237 49,324 7,588 2,244 49, 470 2,213 3,845 18,537 48,983 7,749 2,229 13,963 3,842 18,581 18,807 18, 951 19,084 2,948 1,727 1,210 30, 102 27,799 2,589 3,324 1,054 3,187 2,977 1,729 1,237 30, 383 28,055 2,609 3,345 1,040 3,181 2,980 1,729 1,239 30, 651 28,301 2,624 3,365 1,067 3,174 2,974 1,725 1,237 30,991 28,612 2,646 3.385 1,086 3,184 2,964 1,726 1,226 31, 284 28 884 2,673 3,409 1,078 3,189 2,995 1,727 1,254 31, 612 29 188 2,711 3,400 1,093 3 175 2,998 1,724 1,260 31, 897 29,454 2,727 3,420 1,064 3,221 2,962 2,970 2,906 2,921 1,632 1,273 2,933 3,686 596 510 2,580 179 607 562 200 314 111 238 92 285 4,589 1,025 571 2,993 196 698 651 235 366 132 274 113 339 4,188 847 512 2,829 176 630 608 216 365 132 274 106 330 4,543 1,014 581 2,948 195 646 628 226 363 126 295 119 351 4,344 915 538 2,891 189 673 600 225 361 124 275 111 334 4 251 931 503 2,817 184 637 599 221 349 122 256 107 341 451.4 192.5 52.6 8.8 40.7 76.8 80.0 508.2 207.9 55.0 9.3 40.0 83.7 112.3 479.5 205.5 53.6 9.7 41.6 85.2 83.9 505.5 212.3 55.9 9.6 41.7 86.4 99.6 466.0 185.8 52.6 8.9 41.5 81.0 96.2 469.6 204.7 51.0 9.3 43.8 79.1 81.7 2, 284. 5 328.9 277.7 253.1 245.9 1,178.8 7,805 13,905 3,850 18,426 2,968 1,700 1,253 32, 111 29,656 2,748 3,440 7,850 1,700 1,247 32,399 29 938 2,778 3,838 33,017 33,279 1,109 2,809 3,503 1,273 3,523 1,077 3,483 3,206 3,207 4,544 1,160 526 2,858 182 618 622 235 353 125 263 113 347 4,140 4,792 981 525 4,742 963 549 863 512 478.3 203.9 49.5 9.3 41.9 84.1 89.6 2. 243. 3 357 3 247.5 238 5 213.9 1, 186. 1 14, 030 1,701 1,254 32, 709 30, 243 2,813 3,461 1,093 3,268 13, 997 3 839 1,634 1,257 30 546 7,544 2,244 14, 049 3 837 1,627 1,287 33,479 30 810 2,841 31 001 1,141 2,865 3,547 3,253 3,287 1,103 3,341 7 062 4,269 4,898 682 464 1,242 536 2,726 495 2,634 3,280 3,367 3,123 3,161 171 598 572 209 321 119 241 105 299 3,800 213 789 701 258 403 139 290 119 369 215 838 732 260 412 145 281 114 370 224 919 816 310 442 152 332 160 445 210 738 673 249 364 131 295 110 354 211 767 679 250 372 137 283 116 347 425.0 516.6 473.1 197.5 56.3 590.9 209.0 595.9 236.9 495.0 207.4 171.8 45.9 223.2 57.7 8.8 9.9 9.1 38.8 73.1 86.6 45.5 95.8 84.5 44.1 86.0 80.1 63.7 8.9 38.1 94.9 176.3 2, 259. 6 2, 673. 1 403 1 358. 2 1, 175. 1 1, 343. 2 354.6 270.9 249.7 209.2 66.5 10.9 61.5 98.0 122.1 56.4 8.9 41.9 94.4 86.0 289.0 279.7 MONETARY STATISTICS Gold and silver: Gold: Monetary stock U S (end of mo ) mil of dol Net release from earmark § do Exports thous of dol Imports . do Production reported monthly total ? do Africa do Canada do United States do Silver: Exports do Imports do Price at New York dol. perfineo z _ _ Production: Canada© thous of fine oz ^Mexico do United States do Money supply (end of month) : Currency in circulation mil of dol Deposits and currency, total do _ Foreign banks deposits, net do U S Government balances do Deposits (adjusted) and currency, total^ do Demand deposits, adjusted^ do Time deposits, adjusted^ do Currency outside banks do Turnover of demand deposits except interbank and U. S. Government, annual rate: New York City ratio of debits to deposits 6 other centerscft do 337 other reporting centers J _ do 21,910 —34.3 21, 910 105.7 21, 949 51.2 250 238 353 21, 695 —15.7 108 18, 704 68, 900 45,600 12, 400 4,600 21, 716 —2.9 843 12, 282 74, 900 49,900 13,500 5,000 21, 743 16,9 491 10, 390 73, 900 49, 900 12,900 4,700 21, 772 1.8 611 25, 949 77, 700 52, 100 13, 100 5,400 21, 799 29.9 360 18, 767 77, 700 52, 200 13, 400 5,100 21, 830 43.9 421 5,262 21, 858 43.2 94 4,804 22,096 4,091 4,845 52, 800 12, 300 5,900 53, 400 12, 300 6,300 52, 200 12, 400 52, 700 12, 900 130 5,325 .909 216 8,970 .911 422 13, 388 .909 429 13, 985 .908 281 10, 695 .905 272 11, 647 .901 215 11, 723 .906 2,094 3,701 3,615 2,297 3,241 3,790 1,759 3,446 2,898 2,463 3,977 2,905 2.494 3,032 2,501 2,267 3,632 3,828 2,315 4,124 3,035 30, 163 219,900 3,000 5,400 30, 339 221,600 3,000 7,800 30, 210 221,200 3,000 5,800 30, 513 221,200 3,000 7,000 31, 424 30, 839 30, 768 30, 757 30, 715 30,604 30,575 30, 614 31, 790 223,585 P 221 ,400 P223, 000 P224, 000 p 224, 800 P226, 900 P229, 800 p226, 000 p224,700 3,115 T 3, 100 P 3, 100 P 3, 200 p 3, 100 P 3, 400 p 3, 400 p3, 100 P3, 100 6,827 p 5, 000 v 7, 100 P 6, 800 P 5, 100 P 6, 500 p 5, 500 p3, 300 P3,900 211, 600 105, 600 78, 800 27, 200 210,800 104,400 79, 300 27,200 212,400 106, 100 79, 300 27, 000 211, 200 104, 200 79,600 27, 400 213,643 104,744 80, 615 28,284 p 213,300 P 105, 200 P 80, 700 * 27, 400 41.1 27.5 21.0 47.2 29.7 20.8 45.4 30.1 21.5 46.0 28.7 21.7 47.0 28.9 21.6 45.9 29.6 22.4 21, 884 86.9 12, 740 3,090 6,200 12,900 5,600 12, 800 600 968 1,329 16, 743 .908 14, 081 .912 9,435 272 2,379 3,906 3,454 2,430 3,732 2,886 6,000 ' 2, 517 3,520 2,828 .914 4,600 8,869 .914 2,357 3,048 3,168 22,252 295.9 88,386 34,498 22,304 28.0 41,787 11,980 5,000 2,405 9,101 .914 961 6,396 .914 .914 2,997 p 212, 800 P214, 100 P216, 600 p217, 100 P220, 900 P219 500 p217, 700 p 104, 500 P105, 400 P107, 400 P108, 200 pllO, 700 P109, 200 P106, 800 p 80, 900 p 81, 300 P 81, 500 p 80, 900 p81 900 p 82, 900 p 83, 600 v 27, 500 44.4 27.4 21.3 P 27, 400 P 27, 700 44.8 27.4 22.0 45.2 28.4 22.1 P 28, 000 P 28, 400 P 27, 300 p 27, 300 48.3 31.0 23.6 51 8 29.9 23.3 48,3 r 30.0 r 22.8 48.9 p30. 7 P22.9 48 7 p 30. S ^22 o PROFITS AND DIVIDENDS (QUARTERLY) Manufacturing corporations (Fed. Trade and SEC): 1 3,850 3, 646 * 4, 175 Net profit after taxes all industries mil of dol 234 313 293 Food and kindred products do 82 71 110 Textile mill products do Lumber and wood products (except furniture 72 51 60 mil of dol 162 157 171 Paper and allied products do-. r Revised. p Preliminary. 1 See note marked "t" on p. S-19. ©Revisions for insurance written for January-August 1954 are shown in the November 1955 SURVEY. Revisions for silver production in Canada are shown as follows: January-July 1952 in the April 1956 SURVEY, January-September 1954, the December 1955 issue; January-December 1955, the March 1957 issue. ©Includes revisions not distributed by regions. § Or increase in earmarked gold (—). 9 Includes data not shown separately. 1 The term "adjusted" denotes exclusion of interbank and U. S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection. (^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles. t Revisions beginning with 1943 appear on p. 24 of the October 1955 SURVEY. tSee corresponding note on p. S-19. SUEVEY OF CUHEENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-19 1956 February March April May June July 1957 August Septem- October Novem- December ber ber January February March FINANCE—Continued PROFITS AND DIVIDENDS— Continued Manufacturing corporationst— Continued Net profit after taxes— Continued Chemicals and allied products mil. of dol__ Petroleum refining do Stone, clay, and glass products do Primary nonferrous metal do Primary iron and steel do Fabricated metal products (except ordnance, machinery, and transport, equip.) mil. of dol- . Machinery (except electrical) do Electrical machinery do Transportation equipment (except motor vehicles, etc ) mil. of dol Motor vehicles and parts... -do All other manufacturing industries - do Dividends paid (cash) , all industries do Electric utilities, net profit after taxes (Fed. Res.) mil. of dol- _ Railways and telephone cos. (see pp. S-23 and S-24). 442 639 135 241 376 456 657 195 245 392 414 669 185 194 156 146 321 163 170 425 190 167 365 187 96 400 334 125 313 400 105 166 427 1,667 1,733 1,676 374 321 302 SECURITIES ISSUED Commercial and Financial Chronicle: Securities issued, by type of security, total (new capital and refunding) mil. of dol New capital, total -do Domestic total do Corporate do Federal agencies do Municipal State etc do Foreign do Refunding total 9 Domestic, total ._ Corporate Federal agencies -Municipal, State, etc Securities and Exchange Commission: Estimated gross proceeds, total By type of security: Bonds and notes total Corporate Common stock Preferred stock By type of issuer: Corporate total 9 Manufacturing Mining Public utility Railroad Communication . Real estate and financial do do do do - do 1,330 1,194 1,180 532 30 618 14 136 136 28 90 18 r 1,450 1,175 1, 174 749 42 383 0) 275 275 20 241 14 do 1,998 1,787 1,876 2,128 2,161 1,975 1,508 1,591 1,898 1,829 1,967 r do do __ do do. ._ 1,731 478 139 128 1,602 675 143 42 1,634 673 210 32 1,926 983 137 65 1,932 661 179 50 1,776 911 183 15 1,365 565 92 50 1, 373 682 186 33 1 610 491 149 139 1,158 453 627 44 1 760 920 191 16 rt do do do do do __do. _ _ do _ 744 226 23 200 31 37 196 861 278 22 190 47 122 136 915 342 10 299 14 15 175 1 185 487 35 339 39 82 112 889 307 59 239 33 12 191 1,109 346 79 244 10 263 104 708 220 81 157 22 84 110 900 254 42 251 55 57 218 780 345 15 231 29 69 60 1 125 170 78 156 39 600 38 1 126 543 17 160 44 79 155 1,253 Noncorporate total 9 do 544 U S Government do 709 State and municipal do New corporate security issues: 730 Estimated net proceeds total do Proposed uses of proceeds: 664 New money total do 388 Plant and equipment do 276 Working capital -- do 26 Retirement of securities do 40 Other purposes do State and municipal issues (Bond Buyer): Long-term - --__thous. of dol__ 709, 444 357, 195 Short-torm do 927 518 401 962 453 391 943 451 491 1.272 437 736 865 484 379 800 436 213 691 355 336 1 118 414 646 705 389 311 846 898 1,165 873 1,093 695 883 762 1,112 1,111 1,058 1,032 762 525 236 56 28 702 482 220 82 114 1,116 948 167 21 28 768 446 322 43 61 1,012 758 254 27 53 563 386 177 25 107 802 514 288 47 34 660 506 154 15 87 1,042 911 131 24 47 1,040 724 315 17 54 998 756 242 19 41 855 686 169 29 147 400, 650 248, 649 390, 541 124, 807 490, 526 252 071 736, 386 175, 825 378, 535 194, 625 213, 238 207, 418 335, 930 178 780 645, 718 294, 244 311, 354 327, 959 427, 298 148 455 2,817 960 2,177 2,821 896 2,189 2,847 870 2,228 322 2,811 837 2,266 2,843 858 2,242 2,819 872 2,086 2,816 866 2,113 2,784 835 2,131 2,817 822 2,114 336 2,866 878 2,195 r 841 390 427 2,413 r 1,988 > 243 908 142 28 1 636 703 327 24 1 078 392 25 237 51 96 214 1 055 583 27 245 22 47 105 l 336 496 r 685 933 386 497 685, 472 M96, 565 325 574 P406, 720 SECURITY MARKETS Brokers' Balances (N. Y. S. E. Members Carrying Margin Accounts) Cash on hand and in banks Customers' debit balances (net) Customers' free credit balances Money borrowed mil of dol do do do 2,774 913 2,189 3,903 866 2,006 3,846 828 2,057 2,005 Bonds Prices: Average price of all listed bonds (N. Y. S. E.), 93.33 93.09 97.82 92.14 95.22 91.59 93 52 96.39 96 32 93.86 96.48 95.50 total § dollars 93.33 93. 69 95.46 92.42 98.08 91.91 93.76 96.65 95.74 96.56 94.10 96.75 Domestic do 77.35 79.52 71.94 73.00 78 92 77.61 75.09 77.46 78.79 79.14 79.36 78.23 Foreign do Standard and Poor's Corporation: Industrial, utility, and railroad (Al+issues): 105.2 102.8 108.4 103.7 102.8 110.5 110.2 113.9 105. 8 110.6 111.2 113.2 Composite (17 tonds) dol per $100 bond 113.8 112.8 109.0 108.6 119.2 118.6 ' 122. 2 120.3 108.1 116.9 116.0 117.3 Domestic municipal (15 bonds) do 90.22 88.74 89.96 91.53 93.94 91.43 95.94 91.81 95.03 94.40 92.86 94.88 U. S. Treasury bonds, taxable do Sales: Total, excluding U. S. Government bonds: All registered exchanges: 83, 606 96, 407 144, 608 116, 182 82, 802 101, 631 86, 568 109, 660 120, 682 110, 399 104, 178 81, 717 Market value thous. of dol 89, 818 101, 520 152, 555 120, 730 84, 454 83,150 100, 885 86, 673 105, 230 121, 514 114, 574 107, 082 Face value do New York Stock Exchange: 95, 082 143, 305 114, 750 82. 292 81, 261 108, 284 119, 104 109, 126 101, 703 99, 228 85, 561 80, 522 M^arkct value do 88' 320 100, 010 150, 956 119, 016 81, 480 98, 165 85, 454 83, 100 103, 480 117, 469 112, 538 104, 670 Face value do ' Revised. » Preliminary. 1 Less than $500,000. fData beginning with 2d quarter of 1956 are based on a new sample and are not entirely comparable with earlier figures. Data for 2d quarter of 1956 based on former the December 1956 SURVEY. 9 Includes data not shewn separately. § Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in computing average price of all listed bonds. 93.33 93.57 76.71 110.9 ' 91. 51 110.0 90.88 93, 606 93, 715 92, 471 92, 390 sample appear in SUEVEY OF CURRENT BUSINESS S-20 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 DecemOctober NovemAugust September ber ber January February March FINANCE—Continued SECURITY MARKETS— Continued Bonds— Continued Sales— Continued New York Stock Exchange, exclusive of stopped U S Government do Other than U S Government total§ do Domestic do Foreign _ _ __ __do Value, issues listed on N. Y. S. E.: Market value total all issues § mil of dol Domestic do Foreign do Face value total all issues§ do Domestic do Foreign do Yields: Domestic corporate (Moody's) percent. _ By ratings: Aaa do Aa do A „ „ do Baa -_ _ -do By groups: Industrial _ do Public utility do Railroad _ _. . do Domestic municipal: Bond Buyer (20 bonds) do Standard and Poor's Corp. (15 bonds) . . do U. S. Treasury bonds, taxable... -do 82, 279 0 82, 279 78, 371 3,886 99, 987 15 99, 972 94,882 5,051 98, 379 200 98, 179 93, 046 5, 134 91, 834 0 91, 834 87,154 4,676 68, 081 0 68, 081 63, 020 5,061 73, 126 0 73, 126 68, 090 5,036 79,790 0 79,790 75, 647 4,133 73, 740 0 73, 740 70, 081 3,659 76,880 6 76, 874 72, Oil 4,863 105, 810 29 105, 781 100, 601 5,180 124, 985 103 124,882 120, 353 4,525 94,060 0 94,060 89,458 4,590 74,802 35 74, 767 71, 862 2,883 105, 444 103, 510 1,286 107, 799 105, 536 1,618 103, 832 101, 920 1,275 107, 800 105, 548 1,607 102, 899 100, 995 1,276 107, 743 105, 486 1,613 104, 115 102, 227 1,259 107, 910 105, 656 1,609 104, 289 102, 394 1,270 108, 199 105, 942 1,612 103, 137 101, 239 1,276 108, 314 106, 053 1,616 101, 566 99, 703 1,252 108, 210 105, 952 1,613 100, 588 98, 728 1,251 107, 555 105, 295 1,615 100, 291 98, 510 1,247 107, 736 105, 554 1,612 99,382 97,663 1,211 107, 861 105, 677 1,613 99, 022 97, 358 1,159 108, 109 105, 929 1,611 100, 951 99,253 1, 165 108,165 105, 933 1.596 101,317 99,503 1,223 108, 557 106,336 1,595 3.28 3.30 3.41 3.46 3.46 3.50 3.62 3.75 3.82 3.90 3.99 4.04 3.99 3.97 3.08 3.16 3.28 3.58 3.10 3.18 3.30 3.60 3.24 3.30 3.41 3.68 3.28 3.34 3.47 3.73 3.26 3.35 3.48 3.76 3.28 3.39 3.52 3.80 3.43 3.50 3.63 3.93 3.56 3.63 3.73 4.07 3.59 3.69 3.81 4.17 3.69 3.76 3.90 4.24 3.75 3.85 3.98 4.37 3.77 3.89 4.01 4.49 3.67 3.83 3.99 4.47 3.66 3.80 3.97 4.43 3.20 3.26 3.37 3.24 3.27 3.37 3.37 3.38 3.47 3.40 3.44 3.53 3.39 3.44 3.56 3.42 3.48 3.59 3.55 3.60 3.72 3.68 3.73 3.83 3.75 3.82 3.89 3.82 3.86 4.01 3.95 3.93 4.08 4.02 3.98 4.12 3.94 3.97 4.06 3.90 3. 95 4.04 2.49 2.58 2.82 2.64 2.69 2.90 2.76 2.88 3.05 2.62 2.86 2.93 2.56 2.75 2.89 2.71 2.78 2.97 2.90 2.94 3.15 2.90 3.07 3.19 3.08 3.14 3.18 3.24 3.38 3.30 3.23 3.44 3.43 3.07 3.40 33.3 3.05 3.26 3.20 3.32 3.25 323.6 110.3 98.1 3.6 1, 607. 1 102.7 1, 088. 5 115.0 707.1 125.6 248.3 9.2 288.9 56.9 130.1 2.1 1, 623. 3 109.1 1, 078. 3 128.7 731.8 147.9 254.1 8.0 292.8 64.3 122.9 3.3 1, 591. 4 105.3 1, 080. 9 117.9 749.8 142.6 269.6 9.5 314.4 79.7 127.6 6.4 2, 217. 4 267.7 1, 372. 9 217.0 801.5 168.5 268.9 8.5 335.4 103.1 116.2 3.0 1, 670. 7 107.7 1, 129. 1 127. 5 1.5 75.2 12.4 18.1 4.4 41.1 120.3 68.5 42.3 28.7 138.8 92.9 23.6 61.3 7.4 1.2 75.8 7.2 9.4 6.2 41.0 122.8 66.0 50.4 27.0 140.5 94.7 16.6 61.7 8.3 1.2 76.3 6.5 10.3 8.0 40.9 120.3 59.9 42.3 23.9 140.5 96.1 19.3 61.9 10.3 1.2 78.0 3.4 10.7 7.4 45.3 130.3 91.5 55.8 36.9 141.3 90.7 37.8 77.3 8.5 1.2 80.6 7.3 18.4 5.6 42.0 119.0 74.4 45.0 26.0 5.24 5.72 2.28 3.86 3.34 3.87 5.25 5.73 2.32 3.86 3.36 3.87 5.27 5.76 2.32 3.89 3.36 3.87 5.28 5.77 2.32 3.93 3.36 3.87 5.29 5.77 2.32 3.93 3. 36 4.01 5.35 5.85 2.32 3.93 3.36 4.01 5.35 5.85 2.32 3.97 3.39 4.01 5.36 5.86 2.32 3.97 3.39 4.01 5.39 5.89 2.33 3.98 3.45 4.01 5.38 5.88 2.37 4.05 3.45 4.01 5.39 5.88 2.37 4.06 3.54 3 99 5.43 5.90 2.40 4.13 3.52 3.99 5.44 5.91 2.41 4.11 3.52 3.99 5.44 5.91 2.42 4.11 3.52 4.00 128. 19 145. 53 49.66 73.45 136.18 155. 90 51.38 76.94 136. 10 156.14 49.74 78.32 127. 77 145. 40 49.10 72.61 131. 94 151. 11 49.55 73.51 138. 29 158.98 51.98 74.92 133. 20 152. 72 50.36 70.22 126. 56 145. 06 48.42 66.92 127. 34 146. 17 48.46 68.22 126. 44 145. 04 48.72 67.24 130. 66 150. 74 48.96 67.59 125,90 142.80 50.05 65.97 122.54 138.53 49. 98 62.74 125. 14 141. 98 49.88 63.56 4.09 3.93 4.59 5.40 4.41 2.87 3.86 3.68 4.52 5.02 4.36 2.72 3.87 3.69 4.66 4.97 4.35 2.89 4.13 3.97 4.73 5.41 4.52 3.07 4.01 3.82 4.68 5.35 4.41 3.19 3.87 3.68 4.46 5.25 4.25 3.05 4.02 3.83 4.61 5.65 4.24 3.20 4.24 4.04 4.79 5.93 4.17 3.34 4.23 4.03 4.81 5.83 4.23 3.22 4.25 4.05 4.86 6.02 4.37 3.30 4.13 3.90 4.84 6.01 4.41 3.28 4.31 4.13 4.80 6.26 4.44 3.15 4.44 4.27 4.82 6. 55 4.59 3.10 4.35 4.16 4.85 6.47 4.58 2 99 Stocks Cash dividend payments publicly reported: Total dividend payments mil. of dol.. Finance __ - __ do Manufacturing do Mining _ _ _ do Public utilities: Communications do Electric and gas -do Railroad do Trade - ... _-do . Miscellaneous do Dividend rates, prices, yields, and earnings, common stocks (Moody's) : Dividends per share, annual rate (200 stocks) .dollars.. Industrial (125 stocks) do Public utility (24 stocks) do _ Railroad (25 stocks) do Bank (15 stocks) do Insurance (10 stocks) do Price per share, end of month (200 stocks) 9 do Industrial (125 stocks) _ _ _ _ . __ do Public utility (24 stocks) do Railroad (25 stocks) ..do Yield (200 stocks) Industrial (125 stocks) Public utility (24 stocks) Railroad (25 stocks) Bank (15 stocks) Insurance (10 stocks) _ _ _._ percent. . .do _ do _do do do Earnings per share (at annual rate), quarterly: Industrial (125 stock) dollars Public utility (24 stocks) do Railroad (25 stocks) do Dividend yields, preferred stocks, 14 high-grade (Standard and Poor's Corp.) percent-Prices: Dow-Jones & Co., Inc. (65 stocks) d ol. per share ._ Industrial (30 stocks) do Public utility (15 stocks) do Railroad (20 stocks) _ _ _ do Standard and Poor's Corporation:! Industrial, public utility, and railroad :cf Combined index (500 stocks) 1941-43=10-Industrial, total (425 stocks) 9 _do _ . Capital goods (129 stocks) do Consumers' goods (196 stocks) _do _ Public utility (50 stocks) do Railroad (25 stocks)... ._ __ _ _ do Banks, N. Y. C. (14 stocks) do Fire insurance (17 stocks) . do Sales (Securities and Exchange Commission): Total on all registered exchanges: Market value mil of dol Shares sold thousands On New York Stock Exchange: M^arket value mil of dol Shares sold thousands Exclusive of odd lot and stopped sales (N. Y. Times) _ thousands Shares listed, New York Stock Exchange: Market value all listed shares mil. of dol Number of shares listed _ millions r ' 10. 75 3.27 ' 6. 30 r ' 10. 50 3.32 '9.06 r r 8 70 3 35 8. 05 11.45 3 35 9.91 r 3.99 4.01 4.15 4.22 4.17 4.16 4.24 4.39 4.42 4.56 4.63 4.51 4.47 4.46 168. 93 475. 52 65.00 157. 96 176. 71 502. 67 67.05 167. 71 180.80 511. 04 66.20 172. 87 177. 74 495. 20 65.69 173.33 173. 76 485. 33 66.24 165. 97 180. 77 509. 76 69.70 168. 35 180. 38 511.69 70.00 165. 00 173. 96 495. 01 67. 67 157. 98 171.12 483. 80 66.08 158. 96 169. 73 479. 34 66.71 155. 81 172. 41 492. 01 67.61 154. 41 171. 73 485.90 69.73 152,75 165.68 466.84 70.44 143. 02 167. 16 472. 78 71. 09 143. 12 r 44. 43 * 47. 13 'r 45. 71 34. 09 r 32. 07 ' 33. 21 T ' 48. 05 'r 46. 54 'r 46. 27 ' 51. 38 49. 64 r 49. 38 r 49. 82 ' 48. 33 47. 93 ' 33. 90 ' 33. 95 r 35. 13 ' 32. 50 rr 31. 81 r 31. 93 35. 83 ' 34. 22 * 36. 12 ' 48. 78 ' 52. 27 ' 50. 87 * 35. 48 ' 33. 01 r 34. 63 ' 48. 49 ' 51. 89 ' 51. 44 ' 35. 53 r 33. 93 ' 33. 72 'r 46. 84 50. 15 r 49. 59 r 34. 84 ' 32. 29 ' 31. 98 ' 46. 24 ' 49. 52 ' 48. 63 ' 34. 41 ' 31. 67 r 32. 22 r 45. 76 ' 48. 92 48. 27 * 33. 60 ' 31. 82 ' 31. 73 r 46. 44 - 49. 79 ' 49. 59 'r 33. 38 31. 70 ' 31. 75 45.43 48.45 48.48 32.62 32.32 31.36 ' 43. 47 ' 46. 10 ' 46. 43 ' 31. 55 '32.29 '29.59 r 28. 45 ' 30. 77 ' 29. 70 '27.80 ' 25. 97 r 25. 95 ' 25. 17 '25.86 '26.70 47. 49 ' 50. 59 'r 49. 52 35. 83 ' 33. 21 ' 35. 24 ' 27. 26 ' 27. 61 ' 27. 55 ' 25. 91 r 2,569 81, 242 3,832 131, 821 3, 453 119, 218 3,342 111,969 2,519 87, 930 2,883 101, 691 3,155 97, 039 2,436 81, 802 2,619 89, 935 2,797 89, 818 2,642 96, 157 3,035 113, 712 2,330 115, 443 2,181 53, 134 3,247 87, 135 2,913 73, 888 2,820 73, 774 2,140 60, 213 2,434 68, 752 2,670 61, 630 2,064 54, 661 2,247 62, 299 2,404 61,537 2,272 64, 816 2,589 77, 245 1,997 87, 467 46, 401 60, 363 54, 106 53, 230 37, 201 45, 712 44, 532 37, 227 40, 342 43, 550 46, 422 48,161 37, 575 209, 559 3,898 223, 887 4,063 224, 682 4,075 211,896 4,123 218, 579 4,260 229, 423 4,314 221, 160 4,333 210, 015 4,380 211, 627 4,402 211, 412 4,420 219, 176 4,462 211,997 4,489 207, 719 4,556 44.03 46. 86 46. 56 32.08 32.45 29.37 19. 50 27.80 35, 652 Revised. * Preliminary. § Sales and value figures include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds shown on p. S-19. 9 Includes data not shown separately. fRevised series, reflecting expanded coverage (effective March 1,1957) and use of new base period; index level now approximates average price level of all stocks listed on N. Y. Stock Exchange. For back record, 500-stocks series has been linked to former 90-composite; back indexes will be published later. cfNumber of stocks represents number currently used; the change in the number does not affect the continuity of series. SURVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of FebruBUSINESS STATISTICS ary S-21 1956 March April May June July 1957 August Septem- October Novem- December ber ber February January March INTERNATIONAL TRANSACTIONS OF THE UNITED STATES BALANCE OF PAYMENTS (QUARTERLY) % Exports of goods and services, total mil. of dol Military transfers under grants, net do Merchandise, adjusted, excluding military transactions© mil. of dol Income on investments abroad do Other services and miUtary transactions do 5,969 Imports of goods and services, total Merchandise, adjusted Oc? Income on foreign investments in U S. Military expenditures Other services cf do do _ do do - do 654 7,023 1,093 6 119 447 416 3,936 4,406 4,087 4,845 598 781 633 891 678 907 716 868 4,844 3,249 5, 053 3,165 5,070 3,146 4,819 3,203 152 732 711 146 832 910 153 654 1,117 159 688 769 6 845 Balance on goods and services do 4-1, 125 +1,970 +1, 049 +2 026 Unilateral transfers (net), total Private Government do do do -1,200 -118 -1,082 -1,711 -119 -1,592 -956 -126 -830 — 1,055 -140 -915 -546 -427 — 119 —868 -661 —207 —965 -780 —185 —987 -878 — 109 +610 +553 — 103 +159 +820 —163 +215 +222 U S long- and short-term capital (net) total Private Government Foreign long- and short-term capital (net) Gold sales [purchases ( — )] Errors and omissions . do do _._do___ do do do _ -12 +23 -180 —26 FOREIGN TRADE Indexes Exports of U. S. merchandise :J Quantity Value Unit value Imports for consumption :t Quantity Value -_. Unit value Agricultural products, quantity: Exports, U. S. merchandise, total: Unadjusted Seasonally adjusted Total, excluding cotton: Unadjusted Seasonally adjusted Imports for consumption: Unadjusted Seasonally adjusted 1936-38= 100 _ do do do do do 1924-29= 100 do do do do do ••261 ••553 '212 '644 '291 '615 212 212 176 505 287 181 523 289 165 181 '477 '523 289 288 110 109 117 105 97 92 7,083 10, 116 7,835 10, 377 9,678 10,658 304 325 312 ' 688 ' 212 '660 ' 211 ' 175 '502 177 509 288 178 508 286 '486 287 288 288 98 101 100 106 110 '109 98 104 99 101 96 96 11, 241 13, 177 11, 919 12,813 11, 185 12, 436 12, 676 13, 866 11, 738 12,361 '332 '698 '210 '298 '623 '209 '293 '620 ' 212 ' 321 '676 169 ' 191 '549 211 ' 291 ' 619 ' 213 379 812 214 169 289 176 509 289 84 87 94 93 '488 0) 0) 0) 0) Shipping Weight Water-borne trade: Exports, incl reexports § « General imports thous. of long tons do ' 12 497 2 12 398 ' 13, 832 11, 203 Valuet Exports (mdse.), including reexports, totarl mil. of dol. By geographic regions: A Africa _ _ thous. of dol_. Asia and Oceania do _ _ Europe do ' 1, 361. 5 '1,582.3 '1,511.7 '1,714.4 ' 1, 690. 2 '1,620.0 '1,529 0 ' 1, 523. 0 '1,659 1 ' 1, 519. 5 1,993 1 1 537 3 J»l, 583 0 r 67, 802 ' 80, 646 56, 912 ' 64, 252 ' 53, 526 ' 49, 199 ' 48, 815 ' 46, 926 ' 44, 538 ' 33, 519 55, 927 '189,322 '239,257 '230,607 ' 254, 306 '249,362 ' 239, 871 ' 234, 575 ' 225, 782 ' 278, 174 ' 231, 684 364, 154 '•351,038 '388,562 '399,579 '446,747 '429,304 '339,654 '403 883 '461 759 '458 740 '411 721 670 328 54, 422 304 799 538 243 Northern North America _ _ do _ '304,176 '349,917 '352,934 '375,335 '350,282 '307,640 ' 310, 368 '312,615 '368,712 '355 538 320, 302 ' 154, 095 ' 175, 580 ' 161, 261 ' 164, 098 '171,641 ' 145, 957 '158 014 '150 038 '172 284 '172 187 200 869 Southern North America do '150,693 ' 180, 404 '142,489 '150,928 ' 173, 784 ' 152, 706 ' 167, 982 ' 161, 394 ' 168, 972 ' 150, 621 199, 789 South America do By leading countries: A Africa: 10, 230 11, 486 ' 21, 203 18, 672 ' 6, 578 3,304 ' 7, 865 Egypt _ _. do 2,603 4,759 2,376 1,017 20, 409 22, 552 ' 22, 680 ' 18, 476 19, 785 31, 975 23, 186 Union of South Africa _ _do 19, 313 24,615 14, 773 18, 798 Asia and Oceania: ' 15, 077 16, 583 ' 12, 296 12, 603 13, 082 ' 11 475' 19 373 ' 18, 837 15 188 13, 395 Australia, including New Guinea . do 20,461 4,122 4,744 4,936 4,035 3,841 2,761 British Malava ._ _ do 4 169 4 720 3 717 2 663 3 548 0 o o 0 o o 0 0 0 0 0 China, including Manchuria do ' 22, 459 ' 42, 188 ' 30, 807 ' 30, 067 ' 34, 521 33, 743 ' 36, 063 ' 25, 996 ' 34, 206 ' 30, 350 63,822 India and Pakistan do ' 67, 571 ' 59, 912 ' 79, 938 ' 51, 783 ' 67, 055 ' 73, 729 Japan _ _. . . do ' 71, 198 ' 65 087 ' 98 606 ' 91 596 119 392 ' 9, Oil ' 8, 836 ' 10, 788 8,457 ' 11, 929 14 173 ' 6, 909 Indonesia do 12 503 15 820 14 931 19 141 27, 114 ' 26, 450 ' 27, 135 26, 035 28, 075 ' 24, 445 ' 25, 263 ' 27, 396 Republic of the Philippines do 28,931 24 363 31, 467 Europe: 52, 426 ' 53, 263 44, 665 ' 48 237 49 072 France.. __ _. ._ do .__ 39, 512 ' 43, 248 39, 157 47 686 ' 40 476 66 861 0 o 0 51 0 18 39 East Germany _. ._ do 113 47 64 96 62, 033 54,422 49,231 70, 409 ' 63, 948 ' 49, 873 ' 62, 289 ' 67, 721 ' 71, 135 ' 66, 948 111 679 West Germany... ._ do 41, 303 ' 40, 795 ' 37, 165 ' 41, 489 ' 33, 934 ' 33, 504 ' 39 247 ' 63 175 51 444 ' 34 896 66 151 Italy do 123 347 1, 243 379 Union of Soviet Socialist Republics do 601 285 123 49 66 585 14 ' 58, 598 r 67, 490 ' 67, 913 ' 67, 030 ' 63, 754 ' 50, 674 ' 63, 243 ' 88 031 ' 92 686 ' 87 717 121 991 United Kingdom _ do North and South America: '304,176 '349,899 '352,914 '375 330 '350 274 '307 635 '310 360 '312 614 '368 710 '355 532 320 300 Canada do 302 387 167 488 169,916 Latin American Republics, total 9 Argentina.. _ Brazil _ _. _ Chile.... '288,370 '335,945 '288,176 '297,319 '328,062 '281,730 r 308 773 '293,713 '323,158 '302,829 - -do do _. ' 16, 467 21, 316 ' 14, 550 14, 142 19 613 19 251 ' 21 328 16 712 16 747 17 138 25, 475 27, 952 do 18,420 ' 20 205 24 037 r 25 195 r 28 197 25 208 25 678 21 338 ....do ... 7,253 9,371 11, 247 10, 407 ' 12, 078 13 633 r 13 895 18 320 '16 498 15 105 372, 060 26 607 29 748 18 580 2,140 21, 912 13 751 4 057 2 48, 415 113 920 12 472 25 120 63 521 32 82 043 54 247 53 104 769 302 379 316, 21 26 16 730 248 179 355 ••28,292 ' 35, 956 26,649 Colombia do 31,638 33, 217 ' 25 848 26 587 25 999 15 143 24 850 '15 568 12 669 39,463 Cuba ._ . do 51, 988 '38,929 ' 40 062 40 956 33 439 r 41 6(57 41 101 r 47 659 56 161 42 492 47 966 Mexico do. .- r 67, 675 ' 68, 856 ' 72, 360 ' 71, 881 r 78 932 ' 65 932 ' 68 461 r go 073 T 73 575 r go 532 74 099 67 040 ' 50, 046 ' 57, 950 Venezuela. do 50, 602 ' 51, 888 ' 57, 294 ' 45, 701 50,892 77] 829 50! 055 55! 166 5S! 365 64] 918 1 2 'Revised. r> Preliminary. Revised indexes will be published later. Revisions for November 1955 (thous. long tons): Exports, 8,728. tRevisions for 1st quarter 1953-lst quarter 1955 for balance of payments and for January 1954-January 1956 for foreign trade will be shown later. ©Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing. cfExcludes military expenditures. § Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo. 1 Data include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments are as follows (mil. dol.); February 1956—February 1957, respectively—89.8; 104.0; 112.0; 194.6; 198.2; 330.8; 152.3; 99.9; 101.3; 107.9; 103.2; 87.1; 108.0. A Excludes "special category" shipments. 9 Includes countries not shown separately. SURVEY OF CUERENT BUSINESS S-22 April 1957 1956 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS February March April May July June 1957 Septem- October Novem- December ber ber August January February 1, 979. 1 1, 662. 3 1, 67& 8 '262,093 357 184 ' 107, 921 134, 717 ' 90, 035 141, 373 '220,363 323, 758 '827,969 1,022,087 279, 351 118, Oil 102, 535 289,000 873, 437 March INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued FOREIGN TRADE— Continued Valuei— Continued Exports of U. S. merchandise, totall mil. of dol.. By economic classes :cf Crude materials thous of dol Crude foodstuffs -do Manufactured foodstuffs and beverages 9 do Semimanufactures 9 -- - -do Finished manufactures 9 do By principal commodities: Agricultural products, total® do Cotton, unmanufactured _- . _ _ do Fruits, vegetables, and preparations do Grains and preparations do Packing-house products _ _ _ -do Tohanno and marmfantnres do Nonagricultural products, total© mil. of dol Automobiles, parts, and accessories thous. of dol Chemicals and related products! do Coal and related fuels - do Iron and steel-mill products do IVIachinery total §© Agricultural Tractors parts and accessories Electrical Metalworking§ Other industrial do do do do do do Petroleum and products do Textiles and manufactures do General imports, total mil of dol By geographic regions: Africa _ thous. of dol Asia and Oceania do Europe do Northern North ATP erica do Southern North America do South America do By leading countries: Africa: Egypt do Union of South Africa do Asia and Oceania: Australia including New Guinea do British Malaya do China including Manchuria do India and Pakistan do Japan do Indonesia do Republic of the Philippines do Europe: France do East Germany do West Germany do Italy do Union of Soviet Socialist Republics do United Kingdom do North and South America: Canada do Latin American Republics total© Argentina Brazil Chile ._ . Colombia Cuba do do do -do Mexico Venezuela Imports for consumption total mil By economic classes: Crude materials thous Crude foodstuffs Manufactured foodstuffs and beverages Semimanufactures Finished manufactures By principal commodities: Agricultural products total© Cocoa or cacao beans incl shells Coffee Hides and skins Rubber crude including guayule Sugar Wool and mohair unmanufactured do do do do ' 1,348.0 '1,570.1 '1,499.2 '1,700.2 '1,676.5 '1,608.8 '1,518.8 '1,511.2 '1,647.0 ••1,508.4 r 125, 770 ' 153, 313 ' 184, 014 ' 196, 888 ' 185, 314 ' 76, 776 112, 995 ' 109, 028 ' 133, 247 ' 133, 951 96, 185 115, 094 ' 85, 594' 106, 576 '111,880 '•216,276 229, 491 '218,506 '236,602 '237,242 ••832,978 959, 229 '902,042 '1,026,924 '1,008,077 ••243,471 18, 556 25, 224 ' 74, 674 ' 24, 614 f 22, 178 r 330, 080 '312,408 '359,342 '352,298 '277,429 '333,134 '366,922 '426,854 '355,754 92, 207 ' 83, 202 80, 923 65, 726 19, 918 ' 50, 746 ' 59, 539 ' 57, 417 40, 342 30, 400 ' 40, 678 32, 832 26, 754 30, 197 36, 992 36, 075 28, 482 28, 927 116, 003 ' 103, 876 ' 123, 102 ' 128, 123 '112,286 ' 124, 262 ' 97, 927 ' 121, 933 ' 103, 335 21, 661 23, 386 ' 25, 266 20, 747 27, 900 ' 26, 558 ' 23, 537 22, 392 25, 901 21, 519 ' 29, 531 ' 61, 930 ' 52, 640 ' 32, 055 22, 677 25, 430 27, 659 24, 325 421, 819 122, 598 24, 532 123, 143 33, 486 25, 806 1, 104. 5 ' 1, 240. 0' 1, 186. 8 ' 1, 340. 9 ' 1, 324. 1 ' 1, 331. 4 ' 1, 185. 7 ' 1, 144. 2 ' 1, 220. 1 ' 1, 152. 6 1, 437. 5 1, 240. 5 'r136, 460 96, 976 42, 329 83, 924 168, 524 '132,940 ' 134, 331 ' 125, 723 '127,211 112, 779 ' 105, 188 ' 107, 386 '114,765 103, 409 ' 41, 936 54, 236 ' 60, 768 69, 420 68, 303 ' 91, 558 ' 92, 446 ' 99, 069 ' 90, 209 ' 66, 123 43, 748 52, 812 ' 53, 978 54 516 57, 289 51, 602 ••1,051.2 '1,102.1 62, 122 '181,356 r 228, 311 ••218,168 ' 141, 198 ' 220, 059 3,551 ' 11, 119 152, 616 117, 111 61, 957 120, 178 125, 696 102, 782 55, 448 110, 100 101, 850 99, 112 55, 882 104, 153 '290,616 '326,476 '272,652 6,750 10, 616 8,623 25, 118 32, 745 26, 929 ' 75, 666 ' 80, 258 70, 485 ' 18, 840 ' 19, 654 ' 20, 552 ' 148, 766 '171,085 ' 137, 858 348, 578 7,373 31, 587 86, 884 25, 167 182, 546 300, 191 9,001 29,973 69, 295 19,729 157, 833 279, 855 11,625 29,602 67, 374 16, 707 142, 451 126, 407 62, 839 108, 426 50,925 112 550 49, 930 1, 051. 3 1, 118. 5 P 1,004.0 51, 667 169, 642 272, 146 237, 254 113, 715 206, 836 57, 078 185, 055 268,256 213, 917 147, 958 246,242 ' 54, 341 ' 52, 001 ' 57, 380 ' 58, 576 ' 57, 994 ' 59, 764 ' 91, 136 52, 232 ' 58, 009 41, 845 51, 855 48, 658 51, 520 53, 512 1,068 11, 441 842 ' 6, 424 414 919 7,103 ' 16, 706 1,700 21, 002 ' 18, 860 ' 18, 056 21, 802 21, 096 20, 310 r 22, 602 ' 36, 717 ' 39, 625 ' 44, 276 ' 48, 222 ' 43, 850 ' 46, 622 ' 58, 618 14, 308 12, 186 11,311 13, 895 17, 200 ' 19, 620 15, 004 21, 097 ' 25, 759 ' 19, 896 ' 23, 880 ' 28, 773 21, 493 ' 24, 222 r 19, 100 742 34, 514 14, 338 455 57, 140 ' 984. 3 454 130 193 604 104 ' 19, 524 ' 19, 292 ' 19, 837 ' 17, 549 ' 20, 093 590 255 203 39, 894 39, 550 ' 15, 483 ' 15, 929 ' 2,661 2,138 ' 58, 291 ' 51, 619 ' 42, 047 17, 082 3,428 69, 567 548 174 34, 098 ' ' 14, 810 ' ' 1, 510 ' 63, 952 ' 40, 467 ' 16, 706 ' 2,171 58, 733 ' 425 438 7,068 8,698 2,651 11,447 1,982 9,803 11, 047 13, 592 6,841 21, 966 15 428 19,958 16, 940 16, 064 599 138 556 671 ' 13, 049 18, 944 45, 055 44, 039 17, 439 18, 428 16, 254 12, 358 24,798 47, 556 16,584 28,904 449 729 8,442 ' 7, 960 ' 13, 075 ' 7, 953 3,751 ' 18, 672 12, 626 12 002 14, 470 5,953 ' 22, 861 ' 23, 325 ' 17, 583 ' 14, 720 ' 14, 532 16, 346 874 ' 992. 8 '1,115.5 ' 991. 1 ' 1, 093. 6' 1, 033. 4 ' 1, 050. 7 ' 1, 050. 6 52,811 ' 53, 411 ' 51, 984 ' 46, 695 ' 48, 865 ' 47, 251 46, 129 46, 898 ' 38, 052 '192,538 ' 177, 045 ' 193, 752 ' 180, 506 '181,012 ' 192, 964 ' 162, 580 '205,159 ' 152, 871 '248,672 '228,572 '254,269 '229,741 '239,594 '232,730 '223,866 '287,660 '264,169 ' 222, 153 '224,174 '256,027 '243,915 '243,541 '267,495 '232,660 '276,472 '250,184 ' 150, 548 ' 122, 308 ' 127, 697 '119,736 '116,923 '110,786 ' 95, 969 ' 100, 719 ' 94, 564 '235,332 ' 185, 549 '209,889 ' 212, 807 ' 220, 722 ' 199, 323 '231,573 ' 198, 600 ' 184, 461 1,699 8,944 13, 826 ' 21, 095 1,132 ' 17, 514 23,720 ' 44, 385 56,005 15, 782 13, 237 ' 19, 059 ' 19, 335 20, 914 '372 42, 033 ' 18, 401 1,921 57, 563 ' 14, 984 631 ' 22, 903 ' 21, 284 419 429 19, 304 315 37, 708 ' 50, 720 44, 169 50, 095 19, 434 24, 966 24, 235 16, 703 3,751 ' 2, 936 855 1,127 58, 931 ' 72, 002 62, 043 65, 631 25,019 455 41, 220 21, 936 1,018 58,078 '218,068 '222,095 '224,137 '255,994 '243,676 '243,506 '267,395 '232,660 '276,204 '249,943 237, 220 213, 798 ••334,571 '355,333 '285,376 '310,059 '306,757 '315,509 '284,754 '304,482 '268,906 '254,393 12, 364 6,714 9,321 ' 9, 140 7,717 11, 556 ' 9, 650 9,730 ' 15, 020 ' 15, 132 79, 241 47, 909 59, 701 58, 425 ' 75, 205 59, 090 ' 66, 666 ' 78, 948 ' 42, 261 64, 674 23, 151 ' 19, 295 21, 806 ' 24, 183 14, 765 15, 536 ' 20, 744 16, 865 ' 16, 430 23, 632 r 25, 339 40, 412 32, 066 44, 649 ' 36, 146 42, 578 41, 384 ' 26, 759 32, 379 23, 991 18, 664 31, 328 36, 493 44, 215 ' 45, 469 44, 565 ' 48, 524 43, 439 ' 40, 632 46, 995 43, 408 ' 34, 594 35, 950 ' 30, 399 ' 32, 391 ' 25, 929 ' 28, 582 ' 25, 993 29, 410 41, 499 ' 55, 912 52, 527 ' 53, 484 ' 58, 536 ' 56, 532 ' 59, 721 ' 55, 816 56, 704 ' 59, 664 ' 67, 886 294, 445 9,004 53, 690 29,276 29, 702 21, 366 33, 926 64, 340 363, 851 13, 106 73,391 21, 772 35, 286 41,560 43,930 79, 514 '1,035.8 of dol do do do do '263,153 '196, 170 96 021 '246,022 '234,469 1, 071. 9 ' 996. 3 ' 1, 126. 4 '1,001.0 1, 044. 1 1, 110. 9 '262,475 '244,036 '279,927 '236,442 ' 146, 388 181, 028 143, 384 131, 537 79, 536 ' 107, 490 91, 735 100, 869 '247,528 '229,690 '281,790 '259,861 '278,847 '249,852 '320,467 '293,666 252, 885 167, 615 82 201 268, 133 273, 266 259, 576 200, 433 102 948 263, 812 284, 106 256, 906 6,103 93, 869 3,307 30, 394 14, 861 13, 989 308, 261 11,516 115, 785 3,866 36, 247 18, 587 15, 258 377, 609 20,189 141, 758 4,242 29,616 44,067 25, 016 522 ' 704, 879 ' 738, 248 '675,856 '837,392 ' 744, 137 '660,219 ' 739, 924 ' 702, 5,694 3,218 4,553 4,939 7,547 T 7, 176 ' 7 654 6,527 735, 838 11, 555 733, 266 10,523 '121 019 '124,603 ' 122, 581 ' 107, 091 '119,800 '113,205 r 135, 718 ' 115, 184 136 845 31, 061 47, 007 ' 52, 265 ' 38, 977 ' 41, 580 36, 074 ' 47, 177 48, 276 45, 968 15, 568 ' 12, 954 ' 12, 314 ' 11, 031 ' 11, 599 ' 12, 906 ' 13, 053 14, 548 16, 800 28, 314 32, 221 27, 759 24, 214 29, 087 ' 29, 221 ' 30, 298 31, 910 25, 566 52, 400 59, 852 60, 289 62, 913 57, 165 r 59, 947 61, 660 53, 804 56, 915 ' 96, 151 ' 107, 840 ' 102, 986 ' 110, 145 ' 104, 772 104, 179 ' 121, 499 ' 104, 435 108, 021 129, 739 47,533 10,830 25,745 55, 072 125,022 ' 977. 7 ' 1, 072. 9 ' 1, 028. 7 1, 044. 9 ' 1, 042. 7 '263,961 '245,026 '215,266 144, 605 100, 913 101 054 ' 239, 971 '237,117 '251,785 '249,945 '264,829 ' 162, 105 ' 105, 752 '256,983 '283,260 '245,503 ' 175, 170 105 562 '244,461 '257,995 '248,139 ' 190, 195 ' 100, 029 '235,889 '270,676 122, 814 23, 368 126, 838 25, 731 23, 289 96, 430 '104,495 ' 110, 282 108, 603 99, 818 ' 86, 343 69, 761 74, 961 73, 710 ' 86, 021 ' 105, 814 ' 94, 433 '110,473 105, 319 ' 80, 687 ' 60. 697 '295 409 '329,276 '322 015 '353,952 ' 344, 369 '365,012 '304,691 11, 564 12,808 10, 065 13, 730 12, 089 12, 690 10, 895 28, 745 37, 748 ' 37, 984 ' 40, 680 ' 32, 985 31, 169 33, 567 T 76, 456 ' 79, 492 ' 92, 244 ' 92, 957 ' 136, 193 ' 79, 139 73, 798 17, 060 ' 20, 212 ' 19, 388 22, 426 '21, 114 ' 17, 229 ' 16, 808 146, 898 '166,004 '158,551 ' 172, 081 '171,730 '159,309 '155,818 '380,291 '403,190 ' 317, 529 '333,005 '326,171 '340,049 '304,479 '320,486 '289,045 6,414 6,748 15, 872 16, 749 10, 803 ' 8, 173 11, 568 12, 437 17, 014 98, 906 92, 306 107, 882 '125,715 ' 140, 703 ' 99, 704 139, 282 ' 141, 968 159, 628 6,494 3,308 4,356 4,928 7,760 7,192 6,729 6,708 5,793 25, 661 ' 32, 653 ' 44, 192 ' 43, 031 ' 38, 403 ' 27, 373 23, 108 ' 24, 831 22, 981 26, 694 44, 179 ' 42, 684 ' 46, 591 37, 461 44, 523 40, 156 39, 020 42, 789 r 14, 398 17, 328 19, 276 26, 903 ' 21, 567 22, 829 ' 16, 974 ' 18, 307 27, 170 '655,544 '668,705 Nonagricultural products, total© do 8,914 9 067 Furs and manufactures do Nonferrous ores, metals, and manufactures, total thous of dol ' 118, 759 112, 670 42, 457 41, 930 Copper, incl ore and manufactures do ' 17, 459 14, 273 Tin, including ore do 25, 673 28, 628 Paper base stocks do 54, 376 52,629 Newsprint do ' 97, 505 105, 516 Petroleum and products do r '256,569 '280,105 ' 95, 662 '118,627 ' 104, 745 120, 614 '231,959 '241,276 '822,228 '886,373 541, 627 144, 303 31, 879 156, 046 34, 551 45, 608 of dol do do do do do do do ' 148, 133 '212,206 '110,944 '113,192 ' 97, 608 ' 104, 836 '198,333 '204,498 '1,053,804 '884,084 Revised. * Preliminary. \ Revisions for January 1954-January 1956 will be shown later. 1 See similar note on p. S-21. cf Data for January-June 1956 are based on classifications in Schedule G and are not entirely comparable with other months. 9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures. Effective with the October 1956 SURVEY, private relief shipments of food products are Included under manufactured foodstuffs rather than under finished manufactures, where they had been reported through 1955. ©Includes data not shown separately. § Excludes "special category, type 1" exports. SURVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-23 1956 February March April May June July 1957 August Septem- October Novem- December ber ber January February March TRANSPORTATION AND COMMUNICATIONS TRANSPORTATION Airlines Operations on scheduled airlines :§ Milesflownrevenue Express and freight ton-miles Mail ton-mites flown Passengers carried revenue Passenger-miles flown revenue ... thousands flown _do __ __do_. do _ _ millions 44,500 16, 108 7,181 2,645 1,507 49, 081 18, 766 6,739 3,034 1,743 50,204 16, 702 7,216 3,172 1,787 52, 625 18, 560 7,742 3,230 1,782 52, 823 19, 083 7,179 3,536 2,085 54, 891 18,069 6,810 3 097 1,878 55, 582 22, 256 7,408 3 392 2,007 53,368 22, 747 7,018 3,301 1,902 55, 165 25, 111 7,892 3,421 1,879 51 671 22, 803 7 522 3,040 1,656 54, 232 23,344 10, 482 2,913 1,765 29,441 8,836 33, 471 12, 388 31, 657 11, 742 32, 137 11, 756 32, 425 12, 360 30 094 10, 664 33 134 13, 508 32, 038 11, 354 37 797 16 415 34 427 12 262 41 024 15 393 31 391 9 758 14.9 r 713 i 115. 1 14.9 783 ' 124. 2 15.0 '736 * 119. 3 15.0 776 ' 123. 6 15.0 708 ' 114. 7 15.0 r 653 111.0 15.1 r 681 115.0 15.1 685 106.4 15 2 '772 123 3 15 2 735 120 6 15 4 15 5 728 119.3 15 6 124 4 Express Operations Transportation revenues Express privilege payments thous. of dol __do__ Local Transit Lines Fares average cash rate O Passengers carried, revenue Operating revenues cents. _ millions mil. of dol__ r 739 668 Large Motor Carriers (Intercity) Carriers of property (quarterly totals) :1 Number of reporting carriers Operating revenues, total _ thous. of dol_. Expenses total _ _ do__ He venue freight carried thous of tons Carriers of passengers, class I (quarterly totals) : Number of reporting carriers Operating revenues, total thous. of dol__ Expenses total do Revenue passengers carried _ thousands. _ Class I Railways Freight carloadings (A. A. R.):o"© Total cars thousands.. Coal do Coke do Forest products do Grain and grain products do Livestock do _ Ore -. do Merchandise, 1 c 1 do__ Miscellaneous do Freight carloadings (Federal Reserve indexes):© Total unadjusted 1935-39= 100. _ Coal do__._ Coke ..do Forest products do Grain and grain products do Livestock do Ore do Merchandise, 1 c. 1 do MisceDaneoua do 900 860, 387 832, 029 60, 038 892 883, 010 840, 256 58, 644 887 888,184 848, 788 57, 084 152 78, 348 81,080 67,635 151 95, 227 86, 566 71, 404 147 115,901 93, 661 74, 588 149 94 415 88 359 69, 084 2,751 563 55 173 182 26 80 238 1,433 3,517 662 67 226 239 35 110 312 1,866 2,969 536 52 179 196 29 202 245 1,529 3,115 551 53 184 202 26 331 242 1,526 3,862 646 62 236 293 30 432 290 1,873 2,397 396 17 178 245 27 85 218 1,230 2,916 546 34 198 225 37 234 241 1,402 700 59 228 262 60 418 304 1,908 3,284 584 49 181 227 59 349 249 1,584 2,988 563 50 166 203 44 265 230 1,468 3,392 684 65 194 246 33 168 263 1,741 2,565 528 52 155 201 24 81 200 1,324 2,616 521 55 154 202 21 83 217 1,364 3,446 691 66 203 264 28 119 290 1,784 121 115 171 141 129 47 71 38 136 123 109 168 146 135 50 78 39 140 128 111 164 145 138 52 180 39 144 132 114 168 151 143 47 298 38 145 131 107 155 155 170 44 304 37 143 110 87 55 151 179 51 78 36 121 126 113 118 159 155 67 224 38 135 138 120 156 151 154 91 313 40 150 138 120 155 146 159 103 304 39 149 132 122 166 140 147 77 224 37 144 121 114 170 127 143 46 110 34 135 117 112 171 128 147 44 72 33 130 116 109 173 128 144 38 77 35 130 120 114 166 131 148 40 82 37 134 126 130 133 132 131 107 123 Total, seasonally adjusted do 128 127 133 130 127 128 114 107 111 109 115 87 Coal do 113 120 120 112 114 109 122 161 170 158 167 167 57 123 Coke do_ _ 157 162 158 163 163 166 145 146 145 147 151 149 152 Forest products do 138 140 142 143 134 143 163 146 131 149 167 157 Grain and grain products_ do 143 152 159 138 147 147 150 52 63 59 58 59 Livestock do 58 69 71 67 48 47 46 61 208 268 196 208 285 149 49 Ore do 215 208 354 307 290 215 38 39 39 38 38 36 38 Merchandise, 1. c. 1 do 38 38 35 35 36 37 146 148 145 138 143 120 Miscellaneous _ _ _ do 139 134 143 137 138 142 138 Freight-car surplus and shortage, daily average:© 3,854 5,121 24, 806 4,477 6,910 14, 386 7,663 4,715 3,763 8,329 6,637 Car surplus, total 9 number 13, 331 4,228 2,172 366 2,577 3,767 777 979 3,218 Boxcars do 446 27 3,274 1,052 5,776 1,104 444 27 165 448 40 17, 683 Gondolas and open hoppers do _ 7,519 148 0 374 191 326 24 6,999 5,674 4,802 3,355 6,686 12,371 6,882 4,014 15, 883 Car shortage, total 9 - - - - do_ 2,406 3,507 1,646 7,844 2,642 3,557 3,844 3,797 2,366 2,905 2,966 Boxcars do 4,316 6,085 1,272 1,024 2,355 551 2,929 740 870 3,490 1,430 7,604 Gondolas and open hoppers do 9,174 3 561 735 989 2,408 976 5,345 Financial operations:© r 925.4 889.0 814 6 900 5 877 9 874.9 807 6 907 3 Operating revenues total 9 inH. of dol 963.2 871.0 815 5 855 6 887 6 r 759. 8 749.2 695. 4 745.2 764 7 795.0 759.7 670.7 Freight do 828.0 695.9 720.6 724.9 758.8 69.1 57.8 59.7 57.3 70.9 60.1 Passenger do 59.3 72.2 56.5 71.3 57.6 65.8 57.4 641.1 678.4 686.4 701.6 657.9 671.0 654.4 679.7 Operating expenses _ - - do _ 699.4 689.3 688.6 687.1 Tax accruals, joint facility and equipment rents 121.3 121.6 106.1 119.1 112.7 mil. of doL. 124.0 91.8 119.5 142.1 108.7 95 9 112 7 97.4 192.5 94.2 89.0 67.0 61.4 95.0 103.6 Net railway operating income do _ 121.7 85.8 58.3 87.8 65.7 43.3 77.2 85.8 73.7 70.1 47.1 86.7 Net income* _ _ do _ 77.6 95.4 43. 1 103.1 68.1 Operating results:© 56, 373 53, 044 58, 648 55, 414 56, 802 57, 606 48, 304 Freight carried 1 mile mil. of ton-miles 57 350 54, 108 60 730 55 291 51 591 1.439 1.354 1.400 1.404 1.385 1.392 1.380 Revenue per ton-mile _ -cents 1.396 1.342 1.368 1.452 1.407 2,121 2,792 2,215 2,200 Passengers carried 1 mile, revenue millions 2,101 2,745 2,584 2,094 2,241 2,601 2,347 2,047 Waterway Traffic Clearances, vessels in foreign trade: 9,584 13, 347 13, 388 14, 476 11, 453 10, 829 Total U. S. ports thous. of net tons 13, 288 13.030 13, 826 12, 620 12, 467 9,922 8,403 7,458 9,767 8,003 9,989 9,644 10, 788 Foreign vessels _ _ do__ 10, 552 9,888 9,715 2,126 3,041 3,621 3,050 2,826 3,644 3,688 3,425 United States vessels do „__ 3,274 2,732 2,752 Panama Canal: 3,814 3,874 4,045 3,744 Total thous. of long tons 3,819 3,559 3,871 3 576 3,878 3,897 4,608 4,253 3,743 894 1.026 In United States vessels . _ do , _ 1,055 891 1.022 1.048 1.027 1.089 1.137 930 905 1.200 959 r Revised. 1 Revision for January 1956, $119,300,000. §Beginning January 1955, data include local service operations of one carrier. 0 Revisions for January-December 1954 are available upon request. fData beginning 1st quarter 1955 cover large motor carriers having annual operating revenues of $1,000,000 or above. ©Beginning January 1956, data cover the revised I. C. C. list of class I railroads; i. e., carriers having annual operating revenues of $3,000,000 or more (old basis, $1,000,000 or more). cf Data for March, June, September, and December 1956 and March 1957 are for 5 weeks; other months, 4 weeks. 9 Includes data not shown separately. ^Revision for January 1956, $46,300,000. 130 114 165 131 160 51 283 36 141 6,428 2,331 543 1,851 1,118 619 SUKVEY OF CURRENT BUSINESS S-24 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April ]957 1956 February March April May June July 1957 DecemOctober NovemAugust September ber ber January February March TRANSPORTATION AND COMMUNICATIONS—Continued TRANSPORTATION— Continued Travel Hotels: \verage sale per occupied room dollars Rooms occupied percent of total Restaurant sales index same month 1929=100 Foreign travel: II S citizens' Arrivals number Departures do Aliens* Arrivals do Departures do Passports issued and renewed . do National parks, visitors thousands Pullman Co.: Revenue passenger-miles millions Passenger revenues thous. of dol 7.47 75 257 7.30 72 239 8.03 76 282 7.33 74 294 7.99 74 286 7.48 64 240 8.37 71 273 8.17 74 268 8.58 81 278 8.39 69 257 7.53 57 241 7.91 72 262 8.07 74 270 87,568 96, 072 50 935 35, 978 44,658 356 100, 607 113,450 66, 198 41, 439 61, 160 451 95, 612 115, 267 70,050 43, 420 70, 533 695 97, 163 116, 504 71, 572 45, 758 79, 022 1,141 116, 598 169, 866 74, 695 53,235 60,712 3,008 144, 294 157, 539 82, 192 52,603 54,512 4, 755 168, 916 133, 981 86, 161 55, 472 41,001 4,660 144, 661 101, 622 96, 130 52, 428 31, 930 2,214 110, 808 90, 223 80, 991 47, 484 31, 578 1,151 88,653 78, 796 75, 116 43, 139 24,299 461 85, 987 90, 272 69, 458 50, 458 23, 001 290 39, 245 302 49,970 364 606 7,938 587 7,693 553 7,239 491 6.919 583 8,243 551 7,807 561 7,941 506 7,159 508 7,238 461 6,554 521 7,397 589 8,979 481, 642 279, 770 160, 248 317, 403 65, 936 49, 488 500, 384 284, 427 174, 199 335, 426 65, 934 49,790 497, 170 285, 273 169 239 327, 381 68,677 50,056 508, 204 287, 980 177, 309 341, 681 67, 478 50,346 506, 108 288, 724 173, 635 334, 396 70, 217 50, 568 504, 721 286, 352 174, 157 339, 207 67,683 50, 819 519, 153 289, 298 184, 899 345, 077 71, 485 51, 097 503, 100 290, 175 167, 680 328, 318 71, 627 51, 392 528, 393 298, 202 184, 414 352 786 72, 536 51, 722 520, 872 297, 972 176, 933 352, 456 68,729 52, 034 536, 491 304, 385 185, 135 348, 942 78, 940 52, 475 18, 395 15, 985 1,522 20, 058 16,920 2,220 18,842 16, 345 1,602 20, 288 17,284 2,086 20, 020 17, 766 1,334 19, 013 18, 019 90 20, 544 18,542 1,114 19,565 17,550 1,354 21, 839 18, 372 2,676 20,250 17, 879 1,713 20,828 18, 135 2,264 20,680 18,299 1,371 2,692 2,066 369 2,832 2,105 458 2.725 2,134 334 2,816 2,292 255 2,854 2,102 487 2,839 2,140 434 2,826 2,143 440 2,760 2,106 408 2 952 2, 164 520 3 078 2,205 626 3 094 2,072 728 3,034 2,231 528 2,961 2,390 465 3,174 2,442 620 3,123 2,459 549 3,269 2,509 637 3,237 2,430 688 3,177 2,440 628 3,307 2,484 705 3,044 2,384 580 3,407 2 519 823 3,656 2, 519 1,069 3,569 2,653 814 3,591 2 641 843 COMMUNICATIONS Telephone carriers: Operating revenues $ Station revenues Tolls message Operatin01 expenses before taxes Net operating income Phones in service end of month thous of dol do do do do thousands Telegraph, cable, and radiotelegraph carriers: Wire-telegraph: Operating revenues thous of dol Operating expenses, incl depreciation do Net operating revenues do Ocean-cable: Operating revenues do Operating expenses, incl depreciation do Net operating revenues do Radiotelegraph: Operating revenues do Operating expenses incl depreciation do Net operating revenues do CHEMICALS AND ALLIED PRODUCTS CHEMICALS Inorganic chemicals, production: Ammonia, synthetic anhydrous (commercial) short tons.. 286, 743 Calcium carbide (commercial) do 91,550 46, 714 Carbon dioxide, liquid, gas, and solid-do 303. 052 Chlorine, gas do 74, 897 Hydrochloric acid (100% HC1) _ . do. 316, 734 87, 155 54, 249 326, 480 81, 245 306, 172 83,128 58, 382 322, 428 78, 467 310,422 82, 776 74, 169 326, 726 77, 365 262, 093 83,824 92, 425 308, 928 74, 168 248, 384 74,490 95, 002 255, 541 57, 777 242,584 76, 718 94, 183 298. 799 68,513 257, 014 81, 693 77,232 320, 882 77, 549 272, 708 264, 436 290, 512 302,504 94, 472 92, 793 89,275 92,637 ' 69, 367 59,904 ' 56, 790 53,833 333, 775 329, 457 ' 340, 125 334, 403 77, 779 80, 754 78, 875 80, 799 211,530 2,642 313, 691 233, 094 2,903 331,581 210, 216 2,727 312, 054 194, 151 2,817 322, 354 177, 228 2,620 299, 338 173, 527 1,524 235,900 188, 875 2,416 263,647 183, 498 2,643 289, 747 193, 472 2,883 320, 709 196, 831 2,809 279, 192 416, 418 10, 347 341, 351 436, 137 10, 910 369, 483 431, 962 9,939 361, 981 443, 569 9,954 369, 173 405, 607 9,444 347, 304 402, 926 7,779 283, 019 409, 008 10, 344 327, 407 403, 414 10, 263 354, 664 423, 468 10, 657 366, 521 401, 919 394, 497 379, 549 7,794 9,649 10. 115 358, 153 ' 375, 554 365, 413 57, 706 52, 261 54, 728 55, 292 46, 827 45, 569 51, 929 47, 597 60,779 65, 837 68,390 70, 333 71, 445 72, 678 63,421 61, 926 66,657 72,434 75, 977 74, 634 1,350 1,441 1,363 1,382 1,270 1,130 1,182 1,272 1,361 1,315 ' 1, 339 1,386 1,313 22.35 22.35 22.35 22.35 22.35 22. 35 22.35 22.35 22.35 22.35 22.35 22.35 P 22. 35 42, 662 73, 385 1,931 41, 851 79,150 1,728 45,006 71,802 1,412 44, 221 77, 102 1,453 46, 410 74,232 1,731 44, 480 73, 797 1, 271 47, 922 72,202 1,046 45, 692 74, 808 1,003 49,343 70, 277 1,356 46,853 75, 122 1,488 49, 737 90,378 1,618 85,428 1,491 39, 122 37, 005 28, 077 8,928 42, 042 868 40, 838 35, 728 28, 682 7,045 49,506 1,061 38,248 33, 178 26, 475 6,703 39,506 965 45,901 35,364 25,638 9,726 45, 529 858 43, 755 38, 165 25, 853 12, 311 41, 375 1,033 40, 044 40, 613 28, 898 11, 715 38, 960 574 38,201 43, 576 30, 807 12, 770 36, 692 917 32, 942 40, 078 30, 486 9,591 40,054 900 36, 066 37,290 27, 157 10, 132 38, 498 1,120 36, 656 33,844 25,403 8,441 36, 240 1,307 36, 459 33, 858 25, 533 8,325 35, 059 1,098 36, 322 33,337 25, 777 7,560 42, 818 943 32,766 31,214 23,869 7,345 33, 326 925 22, 666 22, 464 6,699 26, 629 23,683 9,585 21,280 21, 497 9,371 24,464 24,854 8,810 22, 346 24,387 6,855 20, 932 19,050 8,678 19, 770 20, 930 7,356 21,487 19,115 9,964 20,769 20, 106 10,588 19, 588 18, 881 11, 178 18, 899 19, 865 10, 421 23, 053 21, 140 12,194 17,896 18,371 12, 134 9,160 11, 400 i 5, 370 12, 201 10, 130 10, 165 Creosote oil, production thous. of gaL. 8,820 i 10, 166 i 9, 162 11, 707 12, 138 10,641 12, 100 11, 927 11,912 10, 967 DDT, production thous. of lb__ 10, 742 13, 712 11,083 10, 949 6,736 8,111 8,285 5,398 6,820 7,702 7,204 6, 791 Ethyl acetate (85%), production do 6,969 10, 171 72, 263 84,495 90, 119 80,315 80,050 85, 686 81, 632 Ethylene glycol, production do 81, 911 95, 494 89, 261 86, 139 108, 512 114, 430 119, 056 116, 914 Formaldehyde (37% HCHO), production. _ do... 110, 519 121,906 112, 692 116, 444 112, 656 Glycerin, refined, all grades: 13, 914 22, 656 20, 415 20, 767 19, 705 22, 197 21,234 22, 641 Production do 20, 666 23, 114 14, 142 15, 785 16, 103 Consumption _ . do 16, 254 15, 523 16, 940 16, 874 16,608 15, 686 16, 928 48, 127 50, 618 48, 468 46, 357 45, 184 Stocks, end of month do 48, 862 48, 094 47, 087 45, 146 40, 497 Methanol, production: 156 196 198 194 200 189 204 199 189 Natural-. thous. of gal. . 178 19, 054 19, 720 19, 408 19, 386 17,468 20,004 19,078 17, 814 20,703 Synthetic do 17, 070 24, 143 25, 041 24, 965 22, 690 27,002 22, 919 28, 271 24,507 29, 625 Phthalic anhydride, production .._ thous. of lb._ 28, 714 r Revised. * Preliminary. 1 Incomplete; comparable amount for February 1956 is 8,047,000 gallons, and for June 1956, 9,983,000 gallons. 9 Includes data not shown separately. cfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated. 14, 456 11,201 8,306 95, 181 107, 918 7,978 10, 878 8,748 93, 089 109, 149 19, 624 15, 276 51, 018 22, 811 17,029 51,634 T72 21, 312 27, 093 171 20,503 25, 561 Nitric acid (100% HNOs) . do Oxygen (high purity) ..mil. of cu. ft Phosphoric acid (50% HaPOO short tons Sodium carbonate (soda ash), synthetic (58% Na2O) short tons.Sodium bichromate and chromate do Sodium hydroxide (100% NaOH) do.. Sodium silicate, soluble silicate glass (anhydrous) short tons._ Sodium sulfate (Glauber's salt and crude salt cake) short tons.Sulfuric acid: Production (100% HaSO^ thous. of short tons. Price, wholesale, 66°, tanks, at works dol. per short ton__ Organic chemicals :cf Acetic acid (synthetic and natural), production thous. of lb. . Acetic anhydride, production do Acetylsalicylic acid (aspirin), production do Alcohol, ethyl: Production _ thous. of proof gal Stocks, end of month, total do . In industrial alcohol bonded warehouses.. .do In denaturing plants do Used for denaturation__ _ . _ _ do Withdrawn tax-paid-do Alcohol, denatured: Production thous of wine gal Consumption (withdrawals) do Stocks, end of month . do r 231, 630 237, 519 2,801 2,893 275, 711 337, 694 r 50, 677 55, 869 74, 865 76, 657 294, 701 77, 754 291, 428 74,924 231, 148 351, 154 376,731 321,922 19,642 15,345 51, 974 69, 146 SUKVEY OF CUKKENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-25 1957 1956 February March April June May July DecemOctober NovemAugust September ber ber January February March CHEMICALS AND ALLIED PRODUCTS—Continued FERTILIZERS Consumption (10 States)© . Exports total 9 Nitrogenous materials. _ Phosphate materials 9 Potash materials -thous. of short tons. 703 short tons 403, 162 _ do. __ 76. 991 288, 648 do 30, 016 do 1,528 482, Oil 118,932 318. 514 32, 799 1,692 416 569 79, 21 3 274, 267 45, 726 246, 446 >• 293, 053 266 838 Imports, total 9 ^o Nitrogenous materials, total 9 -do. __ 173, 386 ' 187, 829 195, 624 25. 109 80, 688 63, 410 Nitrate of soda 9 do 11 474 8 538 7,920 Phosphate materials do 32, 974 19, 991 51, 501 Potash materials do _ Price, wholesale, nitrate of soda, crude, f. o. b. cars, 51.25 51.25 51.25 port warehouses dol. per short ton 1,166 545, 313 128, 552 372, 716 34, 375 r 179, 343 110. 427 48 581 r 9 836 7,344 r 656 237 458, 626 613 473 ' 92, 969 69, 233 336, 710 509 481 29, 828 16, 400 r 132, 140 r 84, 001 53 620 15 564 3 893 70, 690 42, 309 6 212 7 369 6 099 246 187 r 470, 576 382 821 71, 239 55, 303 339, 885 294 718 47, 438 M8,229 422 490 565 78, 341 350 392 48, 759 461 368 380, 619 r368 561 91,922 52, 707 279, 727 '226 041 39, 574 35. 031 129, 891 r!43 919 r!46 066 '238 657 67, 116 r 70, 165 r 86, 597 r 184, 358 o r 8 859 83, 707 0 14, 522 12 769 3 080 18 311 24, 081 37, 214 23 233 32 946 227 306 158, 937 78 702 10 218 39 842 384 391 541 68, 610 264 038 42, 660 167 168 113, 043 30 483 7 336 20 606 51.25 51.25 51.25 51.25 51.25 49.50 49 50 49 50 49 50 49 50 210, 257 257, 348 144, 256 60, 904 92, 399 124, 323 139, 283 147, 407 160 260 179, 599 162, 814 183, 140 246, 634 371, 161 241 236 292, 981 222 820 320, 768 169 418 388, 630 136, 584 405, 765 143, 146 407, 485 170 533 393, 805 207, 107 392, 967 208 612 400 995 208 016 rr219 855 414 743 414 922 215 474 419, 631 461 63, 987 526 71, 445 451 77, 634 238 84, 290 572 82, 831 389 70, 574 448 82, 333 415 78, 839 441 88, 843 640 77, 063 476 3,194 3,205 3,240 3,330 3,494 598 3,277 3,637 524 3,681 3,706 3,852 3,936 3,998 21, 294 15, 024 14, 398 18, 957 14, 386 12, 316 19, 619 15, 972 11, 584 22, 294 18, 361 13, 417 18 738 13, 919 14 497 17, 090 14, 422 16, 377 17, 836 20, 197 11, 679 14, 712 16, 557 18, 305 19,200 8,386 21, 315 17, 764 12, 109 20, 257 15, 612 18, 986 22, 837 21, 537 20, 279 27,085 7,895 241, 645 132, 720 318, 893 240. 360 138, 274 331, 771 224, 044 134, 718 309 836 242, 578 207, 829 104, 126 329, 256 223, 301 140, 555 311, 126 198, 140 131, 086 297, 957 225, 356 144, 904 299 535 239, 443 131, 692 337, 568 225, 051 126, 883 342, 194 236, 928 145,660 308 466 222, 085 129, 162 322 302 349, 056 239, 230 133, 123 347, 889 497 13, 562 69, 536 686 13, 048 54, 579 2,480 18, 143 10, 706 73, 762 34, 638 10, 509 75, 052 39, 214 85, 977 37, 688 11, 457 86, 981 21, 703 10, 280 50, 679 9,748 14, 722 12, 059 115, 838 7,964 11,302 114, 465 115, 366 12, 271 14, 738 102, 606 *• 1, 031 13, 626 87, 079 259 14, 446 70, 917 607 614 584 624 529 543 496 552 416 452 364 376 395 456 497 448 699 624 649 580 614 553 647 573 584 501 645 566 621 550 609 595 571 583 527 515 519 426 471 348 503 313 548 343 584 384 616 409 603 446 597 460 thous of Ib do -do do 109, 214 29, 824 169, 923 45, 478 98, 657 32, 089 1,476 30, 612 1 06, 478 32, 441 2, 738 ' 29, 703 150 194 35, 101 119, 263 ••103,390 ••119,378 45, 24S 44, 895 24, 992 2,937 1,215 5,728 42,312 23, 777 39, 167 105, 891 39, 040 6,616 32, 424 98, 029 41, 247 165, 609 37, 983 191, 247 35, 709 1,830 33, 879 short tons do do 21, 590 16, 460 22, 990 24, 593 23, 023 31, 942 26, 708 25, 164 23, 457 29, 195 30, 614 20, 016 26, 309 29, 643 10, 830 22, 350 25, 879 13, 350 27, 474 25, 171 16, 690 26, 523 35, 504 12, 967 31, 265 27, 230 27, 503 30, 277 18, 629 36, 783 23, 484 28, 697 thous of Ib do 27, 263 30, 376 31,511 33 716 32, 478 32, 347 36, 081 39 306 36, 377 38, 138 27, 650 33, 590 32, 345 32, 5Q6 31, 906 45, 059 33, 630 34, 510 31, 081 35, 097 28, 776 38, 967 30, 670 31, 114 33, 254 do . do 48, 172 30, 756 52, 514 31, 756 52, 427 32, 251 58, 181 34, 949 55, 970 35, 335 44, 211 25, 816 52, 165 33, 397 50, 553 29, 379 52, 414 32, 175 47, 123 27, 982 45, 760 27, 961 50, 094 28,906 46, 602 31, 098 do __ do d® 71,642 12,468 8,259 66, 659 16, 433 20, 617 61, 595 59, 566 13, 745 17, 430 61, 160 13, 456 13, 587 51, 861 13, 068 61,767 27,033 13, 620 11, 368 58, 391 11, 483 11, 392 59, 516 15, 917 23, 557 70, 274 15, 739 17, 262 73, 592 15, 492 22, 188 62, 803 10, 440 10, 901 53, 157 14, 388 12, 688 72 618 1,353 38 497 895 16 387 523 19 258 285 20 151 154 142 119 177 365 182 361 1,?74 526 1,103 1,573 722 1,959 2,353 1,071 677 340 570 2,123 114 613 1,624 43 492 1,176 287, 668 220, 215 229, 954 250, 690 179,398 123,115 258, 381 245, 736 74, 363 214, 803 62, 286 164, 187 85, 222 120, 288 249, 069 140, 916 346, 400 170, 814 327, 720 186, 106 274, 304 187, 819 293, 321 194, 737 238, 857 228, 210 211, 401 180, 058 170, 524 155, 007 136, 275 123, 785 91, 144 74, 437 54, 412 38, 162 43, 472 40, 375 58, 108 52, 108 165, 478 96, 275 241, 749 147, 953 229, 605 173, 802 192, 572 178, 477 207, 691 170, 536 170, 419 168, 091 182, 780 147, 672 30, 949 180, 538 148, 382 148, 190 417 .204 397 .223 Potash deliveries -. ... short tons _ 223, 621 Superphosphate (100% available phosphoric acid): Production short tons 243, 934 432, 524 Stocks end of month do MISCELLANEOUS Explosives (industrial), shipments: Black blasting powder thous. of Ib High explosives do Sulfur (native) : Production _ -thous. of lone tons. _ Stocks (producers'), end of month do__ 486 504 543 565 621 529 494 67, 568 546 70, 015 534 515 722 67, 094 495 FATS, OILS, OILSEEDS, AND BYPRODUCTS Animal fats and greasesrd"1 Tallow, edible: Production thous Consumption, factorv5 t Stock (incl refined grades), end of month Tallow and grease (except wool), inedible: Production t Consumption factory^ * Stocks (excl refined grades) end of month do do do Fish and marine mammal oils:A Production t Consumption factoryj Stocks end of month do do. __ do Vegetable oils, oilseeds, and byproducts: Vegetable oils, total: Production crude t Consumption crude factory! Stocks, end of month': { CrudeJ Refined § t Exports 9 Imports total 9 Paint oils All other vegetable oils 9 Copra: Consumption factory Stocks end of month Imports Coconut or copra oil: Production: Crude Refined Consumption, factory:J Crude Refined Stocks, end of month: Crude RefinedJ Imports 9 - of Ib do _ do mil. of Ib do do do Cottonseed:! Receipts at mills thous. of short tons Consumption (crush) do Stocks at mills end of month do Cottonseed cake and meal:t Production short tons Stocks at mills end of month do Cottonseed oil, crude:}: Production thous. of lb_ _ Stocks end of month do Cottonseed oil, refined: Production do Consumption, factory J do In margarine do Stocks endofmonth§t Pripp whnlpsalp. drums (N. Y.} mil. oflb__ dol. Der lb_ 3,386 26,438 4,875 40, 603 32,223 21.444 14,616 '39,055 r 3,622 31, 479 9,053 3,263 r T 27, 676 20,442 47,120 2,476 44, 645 16,787 24,480 18, 177 29,902 112,797 125, 619 21, 706 73, 667 105, 688 17, 125 34, 607 84, 298 13, 986 47, 268 104, 902 17, 671 69, 432 96, 977 19, 353 161, 282 124, 424 23, 681 159, 780 127, 954 24, 474 146, 516 122, 138 28, 825 163,853 19, 034 131, 666 31, 636 132, 848 113, 600 29, 561 416 .224 384 .225 328 .210 244 .190 180 .190 158 .190 197 .200 227 208 237 .208 267 .223 288 P. 223 116,480 f Revised. » Preliminary. ©States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia, 3»nsumption in that State is as follows (thous. short tons): 1956—January-March, 270; April-June, 325; July-September, 76; October-December, 79. v. f 9The totals for fertilizer exports and imports include data not shown separately. Revisions for June 1955-January 1956 for all indicated items will be published later, ef For data on lard, see p. S-29. Figures prior to 1955 for tallow (not shown in the 1955 BUSINESS STATISTICS) will appear later. ^Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities, j Re visions for 1954 and 1955 (also for 1953 for cottonseed and products) will be shown later. ABeginning I955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities of these oils held by producing firms. §Includes stocks owned by the Commodity Credit Corporation through May 1956. SUEVEY OF CUEEENT BUSINESS S-26 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 DecemOctober NovemAugust September ber ber January February March 3.23 CHEMICALS AND ALLIED PRODUCTS—Continued FATS, OILS, ETC.— Continued Vegetable oils, oilseeds, and byproducts— Con. Flaxseed: Production (crop estimate) thous of bu Oil mills:! Consumption _ do __ Stocks end of month do Price, wholesale, No. 1 (Minneapolis) _dol. per bu_. Innseed oil, raw: Production! thous. of Ib Consumption, factory! . . do Stocks at factory, end of month! do Price wholesale (Minneapolis) dol per Ib Soybeans: Production (crop estimate) thous. of bu Consumption, factory. do Stocks end of month do Soybean oil: Production: Crude thous. of Ib Refined do Consumption, factory, refined! do Stocks, end of month: Crude _ do Refined! do Price wholesale, refined (N Y ) dol per Ib Margarine: Production thous of Ib Stocks (factory and warehouse), end of mod" do Price, wholesale, colored, delivered (eastern U. S.) dol per Ib Shortening: Production thous. of lb__ Stocks end of month cf do * 48, 712 2,978 5,764 3.47 3,202 4,213 3.68 2,171 3,368 3.77 3,017 1,584 3.83 1,920 1,212 3.38 946 762 3.34 933 1,051 3.28 2,308 2,271 3.25 4,020 4,945 3.27 3,295 4,557 3.41 2,925 4,010 3.44 2,304 3,516 3.40 2,211 3,246 3.34 59, 172 43, 716 130, 393 .146 63, 428 45, 266 134, 959 .156 43, 243 37, 723 125, 738 .159 59, 614 43, 515 136, 682 .159 38, 448 40, 275 113, 017 .142 19, 196 34, 815 95, 665 .134 18, 575 43, 420 71, 051 .130 46, 931 41, 844 75, 388 .127 81, 565 65, 278 86, 694 .131 66, 563 40, 884 111, 301 136 59,004 38, 212 115, 410 .136 46,864 37, 985 111, 821 .134 45, 122 33, 825 128, 317 p. 133 24, 528 70, 861 25, 365 67, 366 25, 259 57, 931 24, 600 48, 424 22,230 36, 651 20, 378 26, 460 21, 793 12, 360 19, 877 20, 525 27, 928 78, Oil 26, 591 79, 070 1 455, 869 26, 988 70, 354 28, 420 65, 517 26, 622 56, 332 271, 253 249, 371 249, 526 281, 442 251, 048 250, 241 280, 688 218, 831 192, 705 273, 348 249, 054 229, 034 248, 636 205, 257 211, 447 228, 348 193, 610 196, 948 249, 027 223, 378 241, 688 221, 302 203, 733 221,794 301, 802 252, 552 258, 763 284, 820 244, 824 237, 131 289, 736 233, 159 224, 344 305, 156 240, 523 222, 557 287, 218 209, 184 208, 571 128, 177 81,159 .196 132, 552 80,018 .214 176, 400 104, 987 .215 172, 649 123, 747 .224 179, 630 116,853 .200 174, 970 112, 828 .175 154, 421 100, 148 .175 139, 671 86, 865 .163 132, 946 77, 178 175 125, 466 83, 974 195 140, 996 92, 130 .190 134, 093 103, 973 .200 129, 964 99, 970 p. 200 135, 905 25, 924 127, 166 26, 317 83, 514 26, 853 107, 940 27, 134 85, 242 24, 698 81, 436 20,276 106, 727 22 356 114, 970 22, 236 134, 584 21, 556 132 545 25 292 124, 951 27,584 132, 373 29, 874 121, 244 32, 143 .273 .293 .293 .296 .273 .273 .273 .273 273 282 .292 .292 p. 292 183,015 120, 587 170, 845 120, 101 144, 623 146, 485 165, 445 156, 066 127, 868 168, 524 100, 700 154, 761 150, 554 141, 573 133, 396 129, 175 178, 089 119, 437 179, 909 105 477 157, 141 122, 047 160, 015 126, 807 144, 252 133, 017 thous. of doL. 122, 361 50, 770 do 71, 591 . _ . do 131, 518 56, 329 75, 189 136, 228 57, 449 78, 779 146, 811 57, 932 88, 879 146, 149 54, 749 91, 400 133, 828 50, 236 83,592 146. 788 56, 346 90,442 128, 411 48, 930 79, 481 140, 309 58,374 81, 935 121, 488 55, 280 66, 208 97, 308 45, 645 51,663 125, 401 54, 539 70, 862 112,467 50, 131 62, 336 3,426 7,178 497 501 4,296 8,007 501 585 3,606 7,376 513 429 3,481 7,458 569 489 4,055 7,254 487 407 2,355 5,872 344 370 3,815 7,395 443 554 3,945 8,579 324 279 3,837 9,390 396 564 3,374 9,291 365 551 3,724 8,452 317 472 3,491 7,456 377 525 PAINTS, VARNISH, AND LACQUER Factory shipments, total Industrial sales Trade sales _ SYNTHETIC PLASTICS AND RESIN MATERIALS Production: Cellulose acetate and mixed ester plastics: Sheets, rods, and tubes thous. of lb__ Molding and extrusion materials do Nitrocellulose sheets rods and tubes do Other cellulose plastics do - Phenolic and other tar acid resins Polystyrene Urea and melamine resins Vinyl resins Alkyd resins do do do do do 42, 799 40, 401 26, 507 61, 607 32, 392 43, 935 43, 272 25, 161 66, 675 33, 482 42, 807 48,812 23, 360 65, 487 31, 566 41, 746 50, 480 23, 455 63, 977 31, 968 40,607 44, 023 25, 083 54, 796 29, 643 31, 207 41, 277 15,901 49, 751 25, 730 37, 826 44, 288 21, 171 57, 121 30, 421 37, 598 44, 314 21, 759 60, 237 27, 652 43, 493 48, 789 25, 691 67 176 35, 383 40, 145 44, 467 24, 269 65,900 34, 509 35, 206 41, 794 21, 370 67, 870 27, 874 41, 373 43, 507 23, 097 67, 096 34, 948 Rosin modifications P ol y es ter resins Polyethylene resins Miscellaneous do do do do 12, 055 5,366 41, 416 12, 898 11, 468 5,986 40, 567 13, 829 11,819 5,855 42, 205 13, 902 11, 493 7,289 47, 010 14, 512 10, 544 6,212 45, 634 13, 170 8,729 5,641 45, 998 11, 740 11, 398 6,634 49, 790 13, 140 9,377 5,369 51, 089 13, 298 10, 908 6,473 49 110 13, 363 11, 553 6,542 51, 421 13, 977 10, 024 6,139 51, 413 13, 679 10, 848 7,265 52, 357 14,829 58, 576 52, 194 42, 656 9,539 55, 649 48, 819 39, 859 8,960 58, 445 51 129 41, 892 9,238 57, 820 50 645 41, 340 9 305 60, 055 52 875 42, 878 9,998 62, 938 55 503 45,311 10, 192 55, 374 48 666 38, 687 9 979 _ _ ELECTRIC POWER AND GAS ELECTRIC POWER Production (utility and industrial), total! mil. of kw.-hr._ • 54, 859 ' 57, 618 r 50, 344 47, 988 Electric utilities, total do 38, 565 37, 362 By fuels _ _ _ _ do 11, 779 By waterpower _ _ . do _ _ - 10, 626 Privately and municipally owned utilities Other producers (publicly owned) Industrial establishments, total By fuels By waterpower _ do do 38, 671 9,316 40, 270 9,181 39, 701 9,750 42, 302 9,892 39, 503 9,316 41 800 9,330 41 230 9,416 43 098 9,777 45 083 10, 420 39 779 8 887 do do do.- - ' 6, 871 ' 7, 274 '7,030 ' 7, 193 '7,039 ' 6, 597 r 6, 971 ' 6, 718 ' 6, 869 r 6, 754 286 274 303 313 323 5,778 5,520 258 6,382 6,158 224 6,830 6,604 226 7, 316 7 074 242 7, 175 6 920 254 7,180 6 903 276 7,435 7 154 281 6 708 6 443 266 Sales to ultimate customers, total (Edison Electric Institute)! mil. ofkw.-hr Commercial and industrial: Small light and power __ do Large light and power _ do. _ Railways and railroads Residential or domestic Rural (distinct rural rates) Street and highway lighting Other public authorities Interdepartmental - _ do do do do do -_ do __ 40, 509 9,835 54, 519 r 56, 279 ' 56, 490 55, 229 49, 086 49, 451 49, 451 47, 489 37, 385 39, 402 35, 937 39, 539 11, 552 11, 701 10, 049 9,913 38, 363 9,126 39, 738 9,348 43, 994 43, 738 43, 097 42, 758 43, 075 43, 010 44, 503 44, 786 44 613 44, 492 46 161 6,924 22, 441 6,862 22, 775 6,776 22, 649 6,785 23, 089 7,316 22, 941 7,801 21, 858 8,005 22, 853 7,951 23, 147 7 457 23, 914 7,276 23, 594 7 428 23, 673 398 12, 200 684 414 891 42 405 11, 562 778 400 906 51 380 11, 038 955 362 888 49 359 10, 361 876 341 899 49 342 10, 198 975 322 929 52 328 10, 495 1,201 335 936 57 340 10, 679 1,278 358 932 57 330 10, 785 1,200 392 926 55 353 10 530 936 427 945 52 363 11, 047 768 454 943 47 389 12 424 764 483 945 54 Revenue from sales to ultimate customers (Edison Electric Institute)! thous. of dol- 725, 160 714, 161 703, 854 697, 745 710, 990 719, 799 735, 869 741, 999 730, 079 730, 244 757, 026 'Revised. *> Preliminary. 1 December 1 estimate of 1956 crop. IRevisions will be shown later for fats and oils (1954 and 1955); electric-power production (January-July 1955), and electric-power sales and revenue (January-April 1955). cTBeginning January 1955, data exclude quantities held by consuming factories. April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS SURVEY OF CUKRENT BUSINESS S-27 1957 1956 February March April May June July DecemOctober NovemAugust September ber ber January February March ELECTRIC POWER AND GAS—Continued GAS Manufactured and mixed gas (quarterly ):c? Customers, end of quarter, total thousands-Residential (incl. house-heating) _ . do Industrial and commercial - - do Sales to consumers, total mil. of therms. _ Residential (incl. house-heating) __-do Industrial and commercial do. .. Revenue from sales to consumers, total thous. of dol._ Residential (incl. house-heating) do Industrial and commercial do Natural gas (quarterly): of Customers end of quarter, total thousands. _ Residential (incl. house-heating) _.do Industrial and commercial - _ _ _ do Sales to consumers, total _ _ mil. of therms. . Residential (incl house-heating) .do Industrial and commercial do Revenue from sales to consumers, total thous. of dol-_ Residential (incl. house-heating) . do Industrial and commercial __do 5,023 4,670 350 1,348 997 342 170, 126 130, 997 38, 427 4,909 4,583 324 949 622 320 120, 754 89, 633 30, 605 3,797 3, 541 254 374 202 165 57, 075 40 127 16, 552 24, 223 22, 290 1,907 21, 578 9,774 11, 188 1,176,052 761, 627 396, 569 24, 246 22, 355 1,864 16, 203 4,945 10, 762 784, 917 432, 203 338, 900 25 394 23,463 1 905 13, 276 2,036 10 638 562 197 234 715 312 040 FOODSTUFFS AND TOBACCO ALCOHOLIC BEVERAGES Beer: 8,733 7,855 6,629 7,927 Production:}: thous. of bbl _ 8,734 9,394 6,123 5,947 6,500 6,497 9,590 6 866 5 912 5,803 8,182 6,790 6,751 8,673 9,015 8,777 Taxable withdrawals do -_5 689 6 129 6 171 6 670 6 424 5 570 9,734 11, 097 10, 290 11, 128 10 677 ' 10 354 9 753 11 264 Stocks end of monthj do 11 515 9 552 8 768 9 135 9 558 Distilled spirits: 17, 652 19, 189 16, 877 15, 862 18, 617 Production! thous. of tax gal 17 852 19 982 8 531 23 065 34 134 12 178 20 386 18 105 Consumption, apparent, for beverage purposes 14, 893 17,628 16, 257 17, 400 16, 403 thous. of wine gal._ 14, 616 25, 159 16, 784 14, 375 22, 321 16, 572 20, 865 13, 252 13, 528 13, 736 13, 020 10, 565 Tax-paid withdrawals!. _ _ thous. of tax gal- _ 11, 523 11, 989 9,661 10 805 19, 331 21, 817 11, 269 14, 269 847, 965 850, 422 851, 287 854, 709 854, 755 851, 634 849, 082 844 208 835 948 830 129 832, 439 838 623 842 059 Stocks, end of month'! do 2,022 1,840 « 1, 762 1,868 2,086 1 482 1 927 1,748 Imports thous. of proof gal 2 889 3 632 2 414 3 580 Whisky: 10, 614 11, 592 5,799 10, 082 11, 426 12,268 11 429 7,191 Production! __ _ thous. of tax gal 10, 122 7 847 10 734 10 971 11 243 6,130 7,051 6,280 6,910 4,554 6,277 6,334 5,125 Tax-paid withdrawals! .. _ do _. 7,469 5,470 10, 325 11, 120 6 139 729, 962 731, 805 733. 530 736, 196 737, 709 737, 445 736, 573 734 041 729 660 725 572 726, 562 730 569 732 777 Stocks, end of month! .. _ - _ do 1,562 1,685 1,840 1,646 2 627 1,721 1,619 1,915 Imports thous. of proof gal 1 265 2 166 3 288 3 258 Rectified spirits and wines, production, total 9 ! 6,938 6,238 5,331 7,243 6,701 6,870 6,768 6,052 thous. of proof gaL _ 4,677 12, 549 13, 497 7,871 4,607 5,722 6,230 6,015 5,476 4,442 5,515 Whisky! do 5,675 4,885 3,622 6,792 11 275 12 019 3 675 Wines and distilling materials: Effervescent wines: 273 184 286 125 238 237 162 Production! thous. of wine gal-168 220 205 206 188 251 123 136 96 147 155 93 261 137 Taxable withdrawals! _ do 129 200 272 276 101 1,662 1,590 1,453 1,419 1,720 Stocks, end of month! do._ 1,738 1,418 1,801 1,648 1 477 1 547 1,751 1 611 62 52 34 38 35 46 114 44 62 Imports do 41 115 101 Still wines: 1,420 1,656 1,856 2,009 1,375 1,237 3,912 2,531 30, 528 Production! do.-. 71, 849 2 923 24 070 2 060 12, 822 11, 321 10, 326 11, 039 9, 283 11, 053 11, 953 10, 290 Taxable withdrawals§! do 14 615 12 688 10 872 13 879 10 172 186, 732 175,650 165, 218 154, 637 143, 082 134, 294 125, 296 144, 102 202, 848 210, 541 198, 721 190 095 179 996 Stocks, end of month §! do 524 561 544 483 456 629 412 765 580 585 Imports do 874 680 782 2,151 555 365 1,163 617 6,075 76, 378 142, 607 8,067 3,954 Distilling materials produced at wineries I do 41, 839 3 949 DAIRY PRODUCTS Butter, creamery: Production (factory) ! _ _ thous. of lb__ 113, 030 129, 300 136, 010 150, 480 148, 155 128, 155 110, 200 93, 125 92, 960 90, 605 102, 810 116, 405 109, 255 82, 685 113, 318 133, 918 118, 217 78, 882 87, 840 97, 907 Stocks, cold storage, end of month do 25, 103 28, 855 ' 31, 946 41, 783 90, 252 62, 261 39, 640 .594 .580 .594 .594 .587 .581 .613 .601 .604 .614 .632 .620 Price, wholesale, 92-score (New York)___dol. per lb._ 60.7 .604 Cheese: 97, 025 119, 070 129, 185 154, 465 158, 420 134, 090 116, 970 102 445 98 010 Production (factory) , total ! thous of Ib 96 240 r100 920 90 700 97 105 65, 815 83, 000 95, 035 117, 645 122, 440 102, 410 87, 220 American, whole milk ! _ _do 74, 135 68, 100 67, 695 64, 280 68, 840 61, 400 464, 397 460, 421 456, 279 484, 154 524, 505 551, 334 554, 518 533, 107 489 385 454 729 441 082 419 992 r390 308 387 289 Stock^, cold storage, end of month, total do American , whole milk _ do. _ _ 438, 209 433, 358 426, 887 451, 571 486, 883 512, 474 513, 625 493, 648 448, 857 414, 606 401, 079 379, 637 r349 441 345 414 3,762 5,114 « 3, 488 3,168 4,298 4,603 3,862 Imports do 5,589 5, 598 5,038 5,332 5,609 Price, wholesale, American, single daisies (Chir .382 .369 .369 .384 .372 .381 .384 .382 .390 .390 cago) dol. per Ib _ .390 .390 . 390 Condensed and evaporated milk: Production, case goods: ! 6,140 5,140 3,410 4,300 6,290 4,650 6,640 Condensed (sweetened) thous, of Ib 5, 520 5 670 8 275 7,110 6,370 7 350 Evaporated (unsweetened) __ do_ .. 170, 900 208, 950 240, 100 300, 700 304, 100 266, 700 232, 600 189, 100 164, 200 146, 500 152, 200 162, 000 169, 850 Stocks, manufacturers', case goods, end of month: 7,550 6,873 8,133 8,230 7,937 7,038 8,192 8,761 Condensed (sweetened) thous. of Ib 9,649 9,117 9,559 10, 391 9,335 110, 578 111, 413 124, 880 ' 168, 481 311, 983 401,894 434, 536 425, 545 383 686 310 371 224 025 156 420 123 616 Evaporated (unsweetened) do Exports: 4,201 2,410 2,774 714 3,293 6,402 2,191 3,540 Condensed (sweetened) do 5,054 5,053 5,129 3,385 2,888 9,645 12, 838 12, 346 11, 183 16, 816 12, 772 14, 251 Evaporated (unsweetened) __ _ _ do 15,847 14, 972 20, 211 14, 622 14, 172 9 200 Price, wholesale, U. S. average: 5.75 5.68 5.69 5.92 '5.89 '5.69 Evaporated (unsweetened) dol. per case.. 5.93 5.93 ' 5. 93 5.93 5.93 5.93 5.93 Fluid milk: 12, 840 11, 325 9,657 11, 526 12, 490 10, 888 Production! mil. o f l b _ _ 9,512 10, 659 9,227 r 9,697 9,464 8,695 9,276 10 961 3,704 5,342 4,649 5,343 4,340 4,610 Utilization in mfd. dairy products do 3 392 3,990 3 791 3 450 3 285 3 120 3 618 3.84 4.14 3.85 3.98 4.11 3.86 3.98 Price, wholesale, U. S. average* dol. per 100 lb__ 4.44 4.53 4.30 4.34 4.61 4.48 4.19 Dry milk: Production: ! 9,425 8,800 10, 850 11, 275 9,450 Dry whole milk thous. of Ib _ 10, 600 9,150 8,000 7 350 8 250 6 400 7 700 6 500 123, 800 147, 700 162, 700 176, 500 176, 300 131, 400 Nonfat dry milk solids (human food) do 98, 000 79, 500 79, 800 83, 300 104, 800 120 900 122 400 Stocks, manufacturers', end of month: 8,914 12, 062 8,524 15, 192 11, 437 8,290 Dry whole milk do 14 313 13 118 11 725 11 390 10 384 10 757 10 450 91, 896 101, 102 123, 689 148, 200 140, 735 118, 507 81, 310 Nonfat dry milk solids (human food) do 98 722 76 563 65 623 69 461 63 308 67 095 Exports: 3,661 3,951 4,340 3,880 4,710 Dry whole milk .__ _ _ do 3,774 2,854 2 692 3,820 4 418 2 776 2 010 11, 929 26, 127 17, 236 « 26, 720 29, 336 Nonfat dry milk solids (human food) _do 16, 898 34, 993 19, 274 42, 371 42 700 9 136 14 054 Price, wholesale, nonfat dry milk solids (human .154 .154 .154 .152 .151 .153 .151 .152 food), U. S. average dol. per lb_. .152 .152 .152 .152 .153 ' Revised. cf Revisions for 1953 and for the 1st and 2d quarters of 1954 and 1955 are available upon request. Totals include data not shown separately. !Revisions for the indicated items and for the periods specified are available upon request as follows: Alcoholic beverages, July-November 1954 and July-December 1955; dairy products—butter, cheese (total and American), evaporated milk, and nonfat dry milk solids, January 1953-September 1955; condensed milk and dry whole milk, January 1954-September 1955; fluid milk, production, January 1951-December 1955. 9 Data beginning July 1956 exclude production of wines and vermouth; for July 1955-June 1956, such production totaled 183,000 gallons. §Data include vermouth and aperitif wines other than vermouth. *New series, representing average price received by farmers for all milk sold at wholesale to plants and dealers; data prior to January 1955 will be shown later. a Revisions for 1955 (units as above): Distilled spirits, total—July, 1,606; cheese—June, 4,453; nonfat dry milk solids—January, 26,489; March, 36,166. SURVEY OF CUEKENT BUSINESS S-28 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July August SeptemOctober ber De £r ber 1957 January February March FOODSTUFFS AND TOBACCO—Continued FRUITS AND VEGETABLES Apples: Production (crop estimate) thous. of bu Shipments, carlot no. of carloads Stocks, cold storage, end of month thous. of bu__ 1 2,511 13, 931 3,105 8,137 2,929 3,863 2,035 1,302 639 389 265 134 57 267 554 6,317 2,357 38,090 2,036 33, 933 97 077 1,849 26, 578 1,595 19, 814 ' 12, 765 7,129 Citrus fruits, carlot shipments no. of carloads 8,907 Frozen fruits, juices, and vegetables: Stocks, cold storage, end of month: 341, 964 Fruits thous. of Ib 398, 941 Fruit juices and purees _. do_ Vegetables _ _ _ __ _ __do 495, 546 Potatoes, white: Production (crop estimate)! thous. of cwt Shipments, carlot no. of carloads 18, 039 Price, wholesale, U. S. No. 1 (New York) dol. per 100 lb._ 4.070 11, 436 10, 457 12, 249 9,469 5,855 5,401 4, 342 4,017 6,294 9,672 7,492 r 6, 579 7,814 300, 058 399, 902 450, 388 256, 029 434, 967 427? 200 279, 723 538, 673 415, 357 368, 954 550, 716 481, 368 447, 013 506, 264 588, 076 476, 719 457, 801 751, 065 489, 423 409, 656 868, 687 483, 068 354, 871 914, 895 467,046 303,742 905,439 450, 967 294, 282 857, 942 422, 805 r 379, 474 388,388 'T 464, 337 787, 218 721, 613 337, 414 482,659 654, 118 23, 446 19, 633 19, 049 18, 705 11, 173 10, 164 10, 171 12, 505 15, 524 ' 15, 687 19,788 4.795 5.695 6.542 6.600 5.925 4.635 3.515 3.394 243, 238 13,468 1 12, 123 3.075 3.500 r 3. 533 r 1, 592 v 3. 620 GRAIN AND GRAIN PRODUCTS Exports (barley, corn, oats, rye, wheat) thous. of bu Barley: Production (crop estimate) Receipts, principal markets Stocks, domestic, end of month: Commercial _ O n farms . . _ _ _ _ _ _ Exports, including malt Prices, wholesale (Minneapolis): No. 2, malting _ No 3 straight -do do _ do do._ do _dol. perbu.. do « 38, 480 8,913 24, 980 4,549 1.235 1.056 58,386 «• 60, 670 ' 72, 143 ' 72, 186 60, 162 ' 61, 455 ' 52, 853 ' 64, 897 r 57, 528 "73,437 15, 721 20, 327 20, 435 35, 041 14, 212 9,956 II, 821 37, 588 2 39,439 10, 384 r 10, 847 45, 145 52, 566 47, 127 43, 798 9,039 6,751 51, 447 229,774 7,286 6,238 3,981 40, 122 159, 561 3,011 1.244 1.123 1.276 1.193 1.279 1.211 1.253 1.179 1.257 1.172 1.320 1.276 1.298 1.258 1.278 1.237 1.261 ••1.206 1.268 1.219 11, 099 16, 899 11, 391 17, 556 12, 694 17, 663 11, 473 16, 527 13, 050 46, 379 11, 819 47, 353 * 3, 451 10, 690 23, 272 11, 731 32, 736 10, 874 49, 429 60,072 79, 665 988.8 9,316 68,466 64, 332 79,865 6,608 5,944 64, 134 2 300.1 6,313 100,863 ' 93, 849 2, 330. 9 15,583 17, 243 1.531 1.524 1.525 1.548 1. 571 1.542 1.596 1.484 1.296 1.320 1.339 1.331 10, 757 21, 062 22, 108 8,508 4,737 4,052 41, 287 r 39, 008 34, 655 27, 596 2 272,127 923,394 2,072 "~2~ 823" ~V3~783~ 3,386 4,191 .724 .733 .736 .708 .715 31, 285 16, 485 22, 829 21, 747 23,834 116,489 8,418 ' 11, 970 28,720 1.275 1.123 1.313 1.194 1.311 1.201 Corn: Production (crop estimate) - _ mil. of bu 11, 963 12, 036 12, 329 II, 142 Grindings, wet process thous. of bu 27, 442 26, 727 23, 305 26, 672 Receipts, principal markets§. do Stocks, domestic, end of month: 84, 793 87,954 Commercial .. -do 80, 645 76, 559 1,494. 1 On farms mil. of bu._ 7,873 "16," 344" ~~Ii~75T Exports, including meal thous. of bu "V7~i49~ Prices, wholesale: 1.321 1.452 1.523 1. 259. No. 3, yellow (Chicago) dol. per bu_. 1.521 1.285 1.497 1.327 Weighted average, 5 markets, all grades do Oats: Production (crop estimate) mil. of bu__ Receipts, principal markets§._ thous. of bu._ Stocks, domestic, end of month: Commercial _ do On farms do Exports, including oatmeal _ -_ -- -do Price, wholesale, No. 3, white (Chicago) _dol. per bu_. 27, 333 1,186 .655 440 5,280 1.216 Wheat: Production (crop estimate), total mil. of bu Spring wheat do Winter wheat do Receipts, principal markets§_ thous. of bu._ 26, 046 Disppearance do Stocks, end of month: Canada (Canadian wheat) do__ _ 349, 280 United States, domestic, totald* mil. of bu._ Commercial thous. of bu__ ~381~756" Interior mills, elevators, and warehouse thous. of bu Merchant mills__ do On farms do Exports, total, including Wheat only flour ..do.-_ "•25,303 « '21, 729 do 5,432 5,404 9,350 24, 760 21, 916 567,357 893 ~~~4,~037~ .682 .661 21, 697 57, 841 30, 936 46, 331 22, 791 50.211 35, 691 35, 037 38, 186 68, 841 31, 314 103, 365 106, 868 99, 246 65, 541 72,683 75, 444 64, 750 33, 313 114, 555 25, 092 72, 920 8,680 119, 497 11, 394 105, 550 18, 196 84, 522 232, 494 117,844 919, 691 164, 181 708.9 120, 183 .086 533.7 61, 901 .086 430.5 61,458 .089 548.5 450. 3 101. 470 ••171,336 !084 .085 387.7 278, 597 .083 804.9 153, 605 .083 552 4,296 1.222 1,666 4,080 1.241 4,401 5,737 1.164 2,780 11, 175 1.374 1,074 10, 517 1.435 3,836 .733 8,344 11,035 37, 661 •• 36, 062 30, 111 10, 303 3,386 89, 558 ' 102, 650 126, 744 12, 789 1.290 1.260 1.357 1.300 1.343 1.322 1.275 1.244 1, 153 5,304 7,26l 3,759 4,950 25, 223 ' 21, 363 19, 495 r 17, 794 696, 376 ••2,076 ' 2, 570 1,614 .824 .784 .829 .820 15, 116 1 6,855 Rice: Production (crop estimate) thous of bags 9 California: 59, 401 Receipts, domestic, rough thous. of Ib 38, 185 Shipments from mills milled rice do Stocks, rough and cleaned (cleaned basis), end 53 100, 920 of month thou of Ib Southern States (Ark., La.f Tenn., Tex.): 40, 692 Receipts, rough, at mills do 103, 244 Shipments from mills, milled rice do Stocks, domestic, rough and cleaned (cleaned 875.5 basis), end of month mil. of Ib 48, 607 Exports thous of Ib .089 Price, wholesale, head, clean (N. O.) dol. perlb.. Rye: Production (crop estimate) thous of bu Receipts, principal markets§ do Stocks, commercial, domestic, end of month_ do Price, wholesale, No. 2 (Minneapolis) ...dol. per bu__ 11, 302 i 372, 495 12, 562 67,010 .778 i 47, 402 5,428 9,503 1.151 4,038 10, 058 1.329 90, 993 -•139,275 56, 065 ••101,184 172,326 79, 243 99, 461 73, 695 75, 193 35, 564 55, 410 39, 331 94, 041 85, 123 97, 309 91, 446 75, 950 851, 623 178, 225 159, 556 126, 296 38, 683 115, 078 78, 407 144, 810 122, 165 135, 725 1, 221. 1 247, 066 .085 1, 192. 3 123, 318 .085 1, 026. 2 404, 990 .085 907.0 110, 930 .085 P . 088 1,118 9,143 1.465 680 8,109 1.471 * 21, 558 1,063 8,294 1.459 498 6,394 1.499 306 •• 5, 458 1.400 240 4,844 1.412 29, 679 24, 144 21, 462 126, 523 98, 210 836.3 1 1 1 23, 929 248,237 29,874 26, 851 54, 981 291,907 106, 118 64, 697 39, 257 234,077 31, 241 28, 212 997. 2 262. 2 735 0 34, 865 311, 400 339, 863 330, 693 327, 943 2 336, 269 -•359,862 351, 092 341, 218 348,506 352, 461 356, 920 356, 831 360, 964 1,100. 5 1,797.3 1,351. 2 1, 487. 5 396,361 "386,806" "3yi~777" 2 399,459 "452,385" "467,954" 467,254 "446,621" "429,322" 410,347 "403," 458" '386~872~ "3797233" 503, 572 102, 455 216,741 40, 361 ' 33, 925 r 46, 166 35, 834 ' 29, 101 ' 41, 951 2443,643 2 64, 741 2 67, 246 636,280 142,165 417,276 49, 546 44, 378 40. 876 •• 43, 293 ' 33, 900 37; 138 ' 39, 116 ••28,750 532, 081 126, 218 292 804 33,696 42, 029 36, 212 ' 29, 820 51, 076 43, 666 48, 485 43, 135 Prices, wholesale: No. 1, dark northern spring (Minneapolis) 2.429 2.475 2.457 2.495 2.393 2.488 2.381 2.481 dol. per bu._ 2.481 2.426 2.428 2.394 2.400 2.438 2.285 2.282 2.190 2.100 2.242 2.333 2.216 2.087 No. 2, hard winter (Kansas City) do___ 2.358 2.343 2.310 2.338 2. 335 2.358 1.992 2.221 2.125 2.206 2.225 2.176 2.327 No. 2, red winter (St. Louis) _ do 2.405 2.358 2.185 2.020 2.345 2.298 2.440 2.423 2.445 2.389 2.231 2.345 2.295 2.437 2.388 2.494 2.411 Weighted avg., 6 markets, all grades do 2,446 2.417 2.406 2.439 r Revised. *> Preliminary. * December 1 estimate of 1956 crop. 2 Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn). § Toledo included beginning with June 1955. 9 Bags of 100 Ib. cfThe total includes wheat owned by the Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks. 1 Prior to the August 1956 SURVEY, data were reported in thousands of 60-lb. bushels « Revisions for 1955 and January 1956 (units as above): Exports (barley, corn, oats, rye, wheat)—March, 52,965; August, 47,498; September, 39,835; October, 36,258; (January 1956, 42,540); corn—September, 11,083; October, 11,561; wheat, including flour—March, 33,295; August, 25,276; September, 17,861; October, 11,492; (January 1956, 25,474); wheat only—March ,28,370; August, 12,538; September, 14,820; October, 7,224; (January 1956, 21,541). SURVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-29 1956 February March April May June July 1957 DecemAugust SeptemOctober November ber ber January February March FOODSTUFFS AND TOBACCO—Continued GRAIN AND GRAIN PRODUCTS— Continued Wheat flour: Production: Flourt thous. of sacks (100 Ib.) Operations, percent of capacity Offal short tons Grindings of wheat! _ _ _ thous. of bu Stocks held by mills, end of quarter thous of sacks (100 Ib.) Exports -do Prices, wholesale: Spring, short patents (Minneapolis) dol. per sack (100 Ib.) Winter, hard, short patents (Kansas City)- do LIVESTOCK Cattle and calves: Slaugh ter (federally inspected) : Calves thous. of animals Cattle - - _ -do_ . Receipts principal markets do Shipments, feeder, to 9 corn -belt States . -do_ __ Prices, wholesale: Beef steers (Chicago) dol. per 1001b__ Steers stocker and feeder (Kansas City) - do Calves, vealers (Chicago1) do Hogs: Slaughter (federally inspected) thous. of animals.. Receipts, principal markets _ _ _ .do. _ Prices: Wholesale, average, all grades (Chicago) dol. perlOOlb.. Hog-corn price ratio bu. of corn equal in value to 100 Ib. of live hog.. Sheep and lambs: Slaughter (federally inspected) --thous. of animals.Receipts principal markets do Shipments feeder to 9 corn-belt States do Prices, wholesale: Lambs, average (Chicago) dol. per 100 lb._ Lambs, feeder, good and choice (Omaha) do. __ MEATS Total meats: Production (carcass weight, leaf lard out), inspected slaughter mil of Ib Stocks (excluding lard), cold storage, end of month mil. of Ib Exports (inciudin0" lard) do Imports (excluding lard) do Beef and veal: Production, inspected slaughter _ do Stocks, cold storage, end of month thous. of lb_. Exports do Imports do Price, wholesale, beef, fresh, steer carcasses, choice (600-700 Ibs.) (New York) dol. per lb._ Lamb and mutton: Production, inspected slaughter - thous. of lb_. Stocks, cold storage, end of month do Pork (including lard), production, inspected slaughter mil. of Ib Pork (excluding lard): Production, inspected slaughter thous. of Ib Stock^, cold storage, end of month. do Exports do Imports . ._ _- --_ .- do _ Prices, wholesale: Hams smoked, composite dol. per Ib Fresh loins, 8-12 Ib. average (New York) do Lard: Production, inspected slaughter thous of Ib Stocks, dry and cold storage, end of month do Exports do Price wholesale refined (Chicago) dol per Ib 17, 861 79.5 347, 255 19, 226 81.7 369, 080 17, 378 77.4 334, 955 18, 639 79.2 362, 902 17, 648 78.4 341, 813 17, 697 78.6 347, 871 20,420 82.8 393, 879 19, 889 97.3 377,812 21 898 88.9 416 796 20 054 89.1 377, 713 19, 279 89.6 365 415 22 162 93.6 419, 916 19, 156 89.1 358, 583 41, 055 44, 044 39, 945 42,878 40, 563 41, 266 46, 875 45, 540 50, 182 45, 845 45, 159 50, 711 43, 661 1,534 5,213 1,943 1,809 4 715 2,218 1,793 5 292 2,210 1,663 5 572 3,180 2,070 1,604 2,497 2.296 r 6.220 5.600 6.110 5.775 6.215 5.725 6.115 5.725 6.195 5.735 6.310 5.425 6,040 5.625 6 050 5.655 5 950 5 710 6.180 5.785 6 030 5.725 586 1,484 1,870 183 647 1,566 1,905 196 604 1,545 2,146 216 606 1,646 2,124 196 596 1,679 2,146 201 610 1,728 2 543 226 691 1,774 2,697 580 661 1,617 2,721 734 872 1 959 3 559 1 081 763 1,807 2,689 794 605 1,686 2 121 363 657 1,851 2 203 252 18.85 17.04 28.00 18.89 17.44 24.50 19.87 17.81 24.50 20.12 17. 68 25.25 20.79 17.02 22.50 22.28 17.36 22. 50 25.61 17.88 23.50 27.31 17.22 21.00 26.00 17 31 22.50 23.97 17 29 22.50 21.65 16.67 21.50 5,922 3,262 6,327 3,300 5,252 2,895 4,875 2,749 4,326 2,480 4,199 2,485 4,559 2,521 4,979 2,676 6,347 3 512 6,559 3,483 12.03 12.63 14.60 15.50 15.40 15.23 16.12 16.01 15.55 10.2 10.2 10.8 11.2 11.0 10.6 11.2 10.8 13.0 1,163 994 121 1, 216 1,101 139 1,129 1,146 115 1,063 1,054 121 1,084 1,047 113 1,168 1, 184 151 1,268 1,405 361 1,167 1,770 679 20.00 18.60 20.12 ' 18. 17 20.75 0) 26.00 20.00 23.75 19.55 22.75 18.12 22.00 18.41 2,018 2,128 1,930 1,942 1,865 1,853 884 77 21 879 90 21 861 82 25 781 93 24 694 "•70 23 593 66 24 909.9 212, 794 « 9, 353 7,169 958.9 205, 748 7,262 8, 528 945.0 187, 985 3,744 8,998 1, 006. 2 168, 995 2,178 6,428 1, 001. 8 149, 260 6,089 8,618 1, 020. 8 140, 703 6,500 9,920 6 020 *>6 020 5.770 v 5. 625 550 1. 488 1,770 178 1,574 20.94 17 68 25.00 20.28 18.24 »27.50 21.36 19 35 5, 698 3,037 5,655 3,030 4, 985 2,622 5,380 14.59 16.32 17.52 16.98 17.05 11.7 13.3 14.1 13.7 14.0 1,439 1 948 802 1,139 1,085 266 1,062 1,023 145 1,333 1,204 201 1,091 943 142 1,011 20. 50 19.00 20.00 18.71 19.25 18.12 19.38 17.85 20.12 18.55 20.00 19.78 23.00 20.97 1,883 1 832 2 282 2,256 2 064 2,199 1,843 461 63 29 412 67 17 449 81 20 591 74 22 677 95 24 2619 93 27 1, 026. 0 131, 379 3.023 15, 192 931.1 128, 430 7,172 7,816 1, 128 4 163, 026 11, 929 9 486 987.0 1,041.7 220, 008 i 263, 929 14, 264 2,692 10 853 11, 145 r 3 632 636 69 1,111.7 902.5 246, 789 ' 220, 123 191, 907 27,827 11, 679 11, 588 .347 .336 .354 ,358 .367 .388 .443 .486 .452 .417 .390 .371 .365 .376 56, 948 10, 060 59, 290 9, 875 53, 754 8,976 47,254 8,481 46, 211 8,620 50, 571 7,975 55, 246 9,002 50, 991 9,703 63, 531 11 203 52, 150 11,016 50, 262 11, 590 64, 751 9, 715 53, 909 r 8, 987 8,228 1, 051. 6 1, 109. 4 931.3 888.7 817.5 781.6 801.5 849.6 1,090 1 1, 162. 5 1, 026. 6 1, 022. 6 886.9 772, 981 517, 991 7,609 •11,504 803, 772 514. 124 6,197 11, 276 681, 626 650, 629 599, 853 538 510, 230 457, 395 393, 5,804 6,807 r 5, 690 14, 029 ' 15, 967 13, 099 577, 249 306, 727 4,602 12, 626 596, 294 203, 596 4,499 11,363 638, 107 165,514 5,078 6,935 817 159 167, 955 5 897 r 8, 236 862, 470 248, 637 6 275 8,247 754 561 279, 768 8,726 10, 714 754, 416 650, 175 293, 332 '•334,606 9, 420 8 753 13, 061 .459 .365 .486 .368 .503 .425 .501 .478 .534 .461 .526 .502 .515 .474 .486 .511 466 .444 .471 .409 .511 .421 203, 189 209, 930 48, 327 !l38 224, 101 232, 719 62, 228 .135 182, 846 226, 017 59, 328 .145 174, 120 210, 864 68, 955 .153 159, 086 203, 206 44, 762 .138 149, 603 150, 261 178, 461 141, 056 42, 213 40, 893 .155 . 138 154, 242 123, 398 38, 075 155 199, 618 106 352 46 813 158 218, 913 103, 484 47 272 .158 198, 576 111,637 47, 898 175 196, 353 101, 098 37, 811 175 48, 423 155. 096 47, 203 132, 812 55, 444 120, 001 55, 987 119, 649 57. 090 126, 769 67, 334 164, 422 69, 299 235, 159 90, 080 3*51, 756 90, 347 368, 378 75, 226 332, 817 53, 211 45, 378 330, 135 ••293,033 .260 .250 .250 .225 .190 .185 .165 .150 .148 .145 5,776 2,612 5,600 3,154 5,565 3,308 4,967 2,464 4,760 1,678 4,568 1,607 4,461 1, 315 4,860 1,205 4,885 1,010 309 61, 604 638 94, 569 1,200 140, 048 1,453 172, 366 1,259 177, 427 1,020 167, 943 727 152, 015 616 131 547 .406 .396 .392 .371 .414 .382 .459 86, 087 73. 121 72, 415 59, 964 54, 961 73, 362 27, 154 .265 21, 195 .263 28, 798 .260 22, 318 .261 20, 575 .290 14, 950 .283 r . 516 .450 P .519 .446 349, 460 .438 172, 767 112, 042 p 173 POULTRY AND EGGS Poultry: 43, 725 Receipts, 5 markets thous. of Ib 188, 351 Stocks, cold storage (frozen^, end of month do Price, wholesale, live fowls, heavy type, No. 1 .240 (Chicago) dol. per Ib Eggs: 5,153 Production, farmj millions-1, 459 Dried egg production.. _ thous. of lb-_ Stocks, cold storage, end of month: 306 Shell .. .. . thous. of cases -. 42, 473 Frozen thous of Ib Price, wholesale, extras, large (Chicago) .398 dol. per doz r 260, 107 .148 P .150 5,280 1,592 5, 369 2,246 5,022 5,902 525 108 684 320 86, 807 328 76 848 '519 65 643 76 814 .437 .400 .344 .308 109, 212 120, 685 118, 264 12, 429 .278 11, 845 255 11, 549 .266 r 926 .322 MISCELLANEOUS FOOD PRODUCTS Confectionery, manufacturers' salescf thous. of dol- . '92,616 Cocoa or cacao beans: Imports (inci shells).. _. . long tons « 26, 204 .275 Price, wholesale, Accra (New York) dol. per Ib r r 96, 672 ' 96, 970 92, 374 20, 810 270 37, 630 231 *> 234 Revised. *> Preliminary. 1 No quotation. Beginning January 1957, figures exclude data for sausage and sausage-room products and edible offal; comparable figure for December 1956 is 606,000,000 Ibs. {Revisions for wheat flour production and wheat grindinps (January 1954-July 1955) and for egg production (1950-55) will be shown later, cf Revisions for 1954 and 1955 appear in the November 1956 SURVEY. « Revisions (units as above): Beef and veal exports—1956, January, 6,881; pork imports, 1955—January, 15,455; February, 11,572; March, 15,105; cocoa imports, 1955—March, 26.367; September, 16,482. 2 SURVEY OF CUEEENT BUSINESS S-30 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March May April June July 1957 DecemAugust SeptemOctober November ber ber January February March FOODSTUFFS AND TOBACCO—Continued MISCELLANEOUS FOOD PRODUCTS— Con. Coffee: 1,201 1,978 Clearances from Brazil, total thous. of bagso? 711 1,307 To United States.. do _ 793 770 Visible supply, United States do « 2, 186 2,394 Imports _- _ _ _ do __ Price, wholesale, Santos, No. 4 (New York) .575 .560 dol. per lb._ Fish: Stocks, cold storage, end of month thous. of lb_. 140, 878 127, 459 Sugar: Cuban stocks, raw, end of month thous. of Spanish tons.. ' 2, 222 3,707 United States: Deliveries and supply (raw basis) : Production and receipts: 39, 789 38, 740 Production ,. short tons 521, 462 608, 051 Entries from off-shore, total? do 149, 339 146, 223 Hawaii and Puerto Rico do Deliveries, total __ do For dorrifistta consumption do For export-. do... Stocks, raw and refined, end of month thous. of short tons.. Exports. . short tons. Imports: Raw sugar, total 9 _ __ _ do.. . From Cuba do From Philippine Islands do __ Refined sugar, total 9 do From Cuba do Prices (New York): Raw, wholesale dol . per Ib Refined: Retail§ _ _ _ _ dol. per 5 Ib Wholesale dol. per Ib Tea imports thous of Ib 1,326 700 1,111 1,377 1,204 728 753 ' 1, 389 1,562 988 772 1,616 1,464 940 872 1,803 1, 379 804 981 ' 2, 074 1,397 868 891 f 1, 445 .565 .573 .580 .588 .603 .615 .603 .600 122, 741 124, 218 144, 144 163,506 178, 785 195, 648 200, 838 200,403 4,257 4,022 3,581 3,181 2,432 1,523 1,148 973 873 22, 411 584, 640 181,119 37, 008 635, 828 238, 419 50, 750 601, 064 219, 224 20,060 666, 510 187, 036 14, 675 741, 221 246, 680 113, 448 593, 213 184, 476 591, 151 456, 306 282, 385 794, 615 282, 508 189, 762 546, 245 202, 748 86,742 732, 440 720, 001 12, 439 803, 328 781, 578 21, 750 869, 070 865, 344 3,726 916, 359 910,060 6,299 815, 887 811, 798 4,089 835, 506 830, 368 5,238 669, 715 666, 768 2,947 665, 418 T 590, 353 661, 137 585, 089 532, 165 5,264 4,281 1,427 1,587 33, 920 * 31, 889 1,231 456 1,000 519 888 625 1,101 928 1,614 624 353, 752 ••394,568 260, 125 288, 159 87, 803 ' 86, 888 42,391 51, 124 41, 060 49, 871 353, 122 272, 280 69, 743 3,687 765 246, 276 202, 930 35, 775 5,722 3,466 r 1,415 899 1,063 1, 991 1,449 885 1,030 1,466 1,584 898 965 1,663 r 1,671 1,201 988 2,019 ' . 603 .610 .609 196, 091 168, 596 146, 593 563 1,640 115, 426 519, 988 453, 611 50, 532 93, 376 619, 401 613, 522 5,879 716, 555 699, 165 17, 390 746, 474 711, 784 34, 690 1,861 11, 961 1,761 400 1,618 17, 082 "355, 572 263, 097 «92, 452 «45, 627 •34, 474 348, 430 237, 057 111, 368 68, 556 60, 368 .059 .060 .061 .061 .060 .061 .061 .061 .063 .063 .064 .065 P. 061 ,499 .085 °8, 304 .499 .085 10, 617 .499 .085 7,786 .500 .086 6, 997 .500 .086 9, 893 .500 .086 7,564 .500 .086 7,560 .500 .086 9,605 .507 .087 7,696 .512 .088 4,777 .518 .088 10, 344 .522 .089 8,197 .526 p. 089 TOBACCO Leaf: Production (crop estimate) mil. of Ib Stocks, dealers' and manufacturers', end of quarter total mil of Ib Domestic: Cigar leaf do Air-cured, fire-cured, flue-cured, and miscellaneous domestic mil of Ib Foreign grown: Cigar leaf do Cigarette tobacco do Exports, including scrap and stems thous. of lb-_ &29, 151 «9, 415 Imports, including scrap and stems do Manufactured products: 15, 021 Production, manufactured tobacco, total do_ 6,227 Chewing, plug, and twist do 5,499 Smoking _ _ _ _ _ _ _ _ do_ _ 3,295 Snuff do Consumption (withdrawals): Cigarettes (small) : 2,132 Tax-free millions 30, 733 Tax-paid-_ _ _ _ _ _ do. . Cigars (large), tax-paid thousands ._ 463, 104 Manufactured tobacco and snuff, tax-paid thous. of lb._ 14, 721 960 Exports, cigarettes _- _ _ millionsPrice (wholesale), cigarettes, manufacturer to whole' saler and jobber, f. o. b. destination 3.938 dol. per thous ._ r 317, 420 ••345,179 222, 285 247, 928 97, 232 92, 371 55, 122 41, 288 40, 775 49,664 r 376, 216 233, 526 142, 688 40, 099 36, 120 r 1,906 440 2, 145 376 352 317 292 4 420 4,019 4,270 4,873 22 174 ' 36, 274 ' 80, 854 70, 201 11, 506 9,603 11, 206 42, 763 9,940 22 170 57, 743 8,434 30, 389 10, 077 15, 088 6,021 6,189 2,879 17,801 6,964 7,205 3,632 15, 346 6,331 5,970 3,045 11, 558 4,864 4,246 2,448 15, 917 6,539 6,031 3,347 13, 268 5,510 4,858 2,900 2,881 37, 560 514, 905 2,954 30, 403 456, 019 2,674 37, 193 549, 541 2,585 33, 585 632, 063 2,572 25, 070 364, 509 2,714 35, 982 437, 127 2,463 31, 688 391, 193 12, 321 1,507 17, 158 1,346 14, 644 1,551 17, 245 1, 310 14, 949 '907 11, 709 1,475 15, 472 1,171 12, 997 3.938 3.938 3.938 3.938 3.938 3.938 3.938 vZ. 938 35, 489 11, 172 21 195 30, 505 9,304 23, 094 10, 193 16,029 6,185 6,582 3,262 16, 737 6,723 6,641 3,373 15. 457 6,787 5,415 3,254 12, 467 5,567 4,770 2,131 17, 247 7,020 6,707 3,520 2,523 32, 471 501, 912 2,430 30, 185 501, 228 2,751 36, 164 553, 654 2,941 34, 303 477, 276 2,497 31, 032 428, 309 15, 702 1,250 15, 761 1,284 16, 593 1,410 14, 969 1.567 3.938 3.938 3.938 3.938 21 213 27, 760 9,534 30, 295 9,741 16, 041 6,361 6,497 3, 184 r 1,815 5,356 4,783 4,587 1, 826 564 138, 548 171, 386 350, 622 98, 873 151, 084 231, 559 119, 041 28, 897 2,541 """3,016" 45, 080 1,075 36, 724 1,451 1 5 030 r r LEATHER AND PRODUCTS HIDES AND SKINS Imports, total hides and skins 9 thous of Ib Calf and kip skins thous of pieces Cattle hides _ do Goat and kid skins do Sheep and lamb skins do Prices, wholesale (Chicago) : Calfskins, packer, heavy, 9HA5 Ib dol. per Ib Hides, steer, heavy, native, over 53 Ib do 13, 147 88 15 2,674 2,306 15, 337 47 25 2,074 4,473 15, 445 86 42 2,611 3,494 18, 316 132 42 2,666 3,594 14, 833 83 21 2,256 4,012 11, 421 135 30 2,623 1,454 14, 545 74 34 2,534 3,451 7,761 69 34 1,798 882 9,772 57 24 1,759 2,046 7,898 43 21 1,325 1,429 9,382 150 32 1,936 1,032 10, 508 103 14 2,205 1,437 .500 .110 .513 .105 .525 .123 .500 .123 .500 .128 .500 .133 .500 .138 .525 .148 .450 .128 .488 .128 .475 .108 .438 '103 p. 463 *.090 LEATHER Production: 722 668 872 802 738 819 701 644 496 586 737 848 Calf and whole kip thous of skins 759 2,275 2,193 f 1, 987 2,554 2,162 2,305 2,262 2,165 2,364 2,224 1,970 1,731 2,076 Cattle hide and side kip thous. of hides and kips. _ 1,820 1,663 2,064 1,892 2,198 2,235 2,544 2,033 1,706 2,377 2,155 2,061 Goat and kid _ _ _ -thous. of skins__ 1,797 1,766 2,202 2,578 2,113 2,225 2, 065 2,310 2,275 2,360 Sheep and lamb do 2,535 2,140 1,777 2,109 Exports: Sole leather: 2 54 46 66 53 46 84 39 51 Bends backs, and sides thous of Ib () (22) (22) (22) (22) 35 13 65 13 36 22 17 31 Offal, including welting and belting offal do () () () () 3,092 2,644 2,923 3,054 3,633 3,053 2,000 3 2, 507 3 2, 615 3 2, 466 3 2, 978 3 2, 439 2,891 Upper leather thous of sq ft Prices, wholesale: .625 .625 .625 P. 610 .625 .625 .630 .630 .610 .610 .620 .630 .630 Sole, bends, light, f o. b. tannery dol. per Ib Upper, chrome calf, B and C grades, f. o. b. tan»1. 119 1.123 1.123 1.118 1.145 1.030 1.145 r 1. 112 1.125 1.078 1.118 1.030 nery dol per SQ ft 1.118 r Revised. » Preliminary. 1 2 s ] Excludes Jsmall qua ntities conabined wi th other t ypes. December 1 estimate of 1956 crop. Not separai ely availa ble. 9 Includ es data fo r types m)t shown s eparately cf Baes of 132 Ib. §Data represent price for New *Fork and Northeas tern New Jersey. ° Import revisions for 1955 (units as above) : Coffee — June, 1,360; Sept ember, 1,4178; sugar, raw— tot al, May, 258,086; J une, 305,(JOS; Septe inber, 26(5,507; frona Philippine Islamis— May, 124,145; June, 136,940; September, 49,280; sugar, refine i— Octob*ir, total, 14,258; fro m Cuba, 12,501; te a— April, 8,095; Msly, 7,802; Novembe r, 9,460; t obacco, September , 9,453. ft Revisions for 1955 for tobacco exports (units as abc>ve): Juljrt 50,221; £ eptember , 85,353; C)ctober, 8,>,781. SURVEY OF CURRENT BUSINESS April 1957 S-31 1956 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS February March May April June July 1957 DecemAugust Septem- October November ber January February March LEATHER AND PRODUCTS—Continued , LEATHER MANUFACTURES Shoes and slippers: Production, total __ thous. of pairs Shoes, sandals, and play shoes, except athletic, total thous. of pairs. By kinds: Men's do Youths' and boys' do Women's do Misses' and children's do Infants' and babies' - -- do r r 56, 493 55, 341 r 48, 968 48, 289 r 44, 806 r 42 771 p 51, 556 f 49, 636 r 43, 240 f 41, 909 r T 38, 408 r 10 052 r 9 774 ••9 643 r 9 789 r7 893 ' 2, 020 r ' 1, 989 r ' 1, 761 r T 1, 930 r f 1, 622 r 27, 279 26 779 22 861 21 194 20 783 r 8, 361 r 7, 214 '5,724 ' 5, 787 r 5, 474 r 3, 844 r 3, 880 r 3, 251 T 3 209 r 2 636 ' 4, 262 ' 5, 066 r 446 ' 453 ••229 "•186 1 *358 384 Slippers for housewear do Athletic -do Other footwear.. do Exports -- do Prices, wholesale, f. o. b. factory: Men's and boys' oxfords, dress, cattle hide upper, Goodyear welt 1947-49 =100 Women's oxfords (nurses'), side upper, Goodyear welt 1947-49=100 Women's and misses' pumps, suede split- - do r 5,r 153 451 r 124 1 287 r 5,r 660 486 "•234 J 288 ' 5,r 624 473 r 301 1 236 r 36 715 r r 7 337 I 628 T 20 406 r 5, 087 r 2 257 r 5r 181 368 r 507 232 r 55 656 r r 46, 346 r r r 9 583 2 044 r 25 030 r 6, 635 r 3 054 r 45 485 r 52 239 r 37 106 r 7 973 r 1 685 r r19 276 5 443 r 2 729 r 42 128 r r 8 222 T 546 r 542 352 7 554 r 493 r 332 291 46 926 41 944 51 535 51 398 38 267 T 9 286 r 3 437 r 1 731 r i 491 r r21 464 r 19' 263 6 397 r 5' 925 r 3 200 T 3 101 37 107 47 410 45, 847 7 744 1 654 18 705 6 016 2 988 9 084 1 937 25 224 7 547 3 618 8 722 1 771 24 774 7,092 3 488 4 182 482 173 326 2 859 477 789 r 225 4, 345 463 743 272 r 9 183 r 553 r 375 333 r 7 671 r 576 r 412 264 116 8 119 8 124 1 124 1 124 1 124 1 124 1 124 1 124 1 124 1 124 1 124 1 P 124 1 118.1 117.4 118.1 117.4 129.9 117.4 129.9 117.4 129 9 117.4 129 9 117.4 129 9 117.4 129 9 117 4 131 3 117 4 131 3 117.4 131 3 117 4 131 3 117.8 v 131 3 »» 117. 8 LUMBER AND MANUFACTURES LUMBER— ALL TYPES National Lumber Manufacturers Association: J Production, total mil. bd. ft_. Hardwoods do Softwoods do Shipments, total do. . Hardwoods do Softwoods do Stocks, gross (mill and concentration yards), end of month, total mil. bd. ft._ Hard woods __ do __ Softwoods do Exports, total sawmill products _ _ Imports, total sawmill products! M bd. ft. do r 2,922 625 2,297 3,092 601 2 491 3,145 597 2,548 3,431 627 2 804 3,312 640 2 672 3,067 633 2 434 3,538 658 2 880 3 147 658 2 489 3 403 654 2 749 2 975 607 2 368 2 554 550 2 003 2 720 561 2 159 2,612 573 2 039 2,970 678 2 292 3,265 669 2 596 3,268 639 2 629 3,381 593 2 788 3,167 557 2 610 2 949 511 2 438 3 262 556 2 706 2 871 571 2 300 3 156 584 2 572 2 804 556 2 248 2 390 507 1 883 2 625 509 2 H6 2 486 535 1 951 8,689 3,198 5,491 8,522 3,131 5 391 8,399 3,089 5 310 8,450 3,123 5 327 8,598 3,206 5 392 8,716 3 328 5 388 8,991 3 430 5 561 9 247 3 517 5 730 9 496 3 586 5 910 9 660 3 637 6 023 9,824 3 681 6 143 9 863 3 733 6 130 9,989 3 771 6 218 61 639 294, 491 70 035 314, 368 55 235 279 133 82 249 227 006 56 983 175 509 66 281 ' 59, 221 r 62, 691 r 61, 269 r 59, 587 ' 67, 974 70 485 64, 036 259, 406 292, 078 »• 265, 126 ' 272, 264 ' 290, 501 ' 327, 726 332, 975 r SOFTWOODS Douglas fir:t Orders new mil. bd. ft Orders, unfilled, end of month _ _ do _. Production do Shipments - _ _ do Stocks gross, mill, end of month _ _ do 742 705 759 743 1,076 872 758 776 820 1,033 697 583 767 781 954 712 589 655 706 902 752 566 830 775 956 652 554 717 664 1 010 798 578 825 774 1 068 683 537 761 725 1 097 679 608 633 607 1 122 651 585 689 674 1 082 634 582 692 637 1 137 25,2805 20, 020 23, 300 26, 280 Exports, total sawmill products _ . M bd. ft. 28, 398 (2) (2) (2) (2) Sawed timber do () (2) (2) (2) Boards, planks, scantlings, etc do (2) (2) Prices, wholesale: Construction, No. 1, dried, 2" x 4", R. L. dol. per M bd. ft.. 89. 180 89. 320 89. 915 89. 786 89. 174 Flooring, B and better, F. G., 1" x 4", R. L. dol. per M bd. ft__ 134. 603 134. 603 3 135. 001 3 135. 234 3134. 989 Southern pine: Orders new mil, bd. ft 723 727 733 671 664 261 275 240 287 270 Orders, unfilled, end of month _ do 729 691 760 714 687 Production do 671 685 710 738 749 Shipments do_ _ Stocks, gross (mill and concentration yards), end of 1,821 1,810 1,827 1,815 1,806 month mil bd ft 6,958 7,208 7,567 6,540 5,639 Exports, total sawmill products - M bd ft_ (2) (2) (2) (2) Sawed' timber do (22) (2) (2) Boards, planks, scantlings, etc do 00 () (2) Prices, wholesale, composite: Boards, No. 2 and better, 1" x 6", R. L. 83. 035 83. 826 84. 079 dol per M bd. ft 81. 294 81. 891 Flooring, B and better, F. G., I" x 4", S. L. dol. perMbd. ft__ 152. 206 155. 159 154. 179 154. 546 153. 934 Western pine: 580 733 714 678 Orders new mil. bd. ft 681 459 441 424 489 498 Orders unfilled end of month do 531 788 818 671 610 Production __do 762 749 578 690 639 Shipments - do 1,750 1,698 1,673 1,680 1,654 Stocks gross mill end of month do Price, wholesale, Ponderosa, boards, No. 3 common, 82.21 82.31 83.67 81.30 83.50 1" x 8" dol per M bd. ft _ 34 013 21 310 12 703 23, 669 12, 882 10, 787 27 664 16 699 10 965 33 500 19 286 14 214 24 269 14 117 10 152 37 584 22 225 15 359 22 775 12 858 9 917 35 040 19 437 15 603 88. 206 86. 773 85. 089 83. 159 81 603 81. 989 80.882 804 734 783 828 988 798 668 843 864 968 3 132. 570 3131. 247 3130 879 3 129 685 3 130 646 80. 654 r r 130 034 3131 320 p3 131. 320 675 221 690 694 730 215 729 736 641 211 650 645 711 198 744 724 619 174 690 643 516 158 615 532 658 178 738 638 557 180 570 555 1 823 7,983 2 010 5,973 1,816 8,614 1,740 6,874 1 821 5 966 1 918 4,048 1 841 6,100 1 454 4,646 1 888 6 979 1 841 5 138 1 971 9,536 1 809 7,727 2 071 6,851 1 203 5,648 2 086 7,505 1 451 6,054 T 82. 425 81.884 81 884 81 794 81. 794 154. 154 154. 338 154. 154 154. 154 153 970 685 415 746 694 1,803 730 347 912 799 1,917 681 359 769 668 2,017 733 361 808 731 2,094 626 319 600 584 2 110 554 365 501 508 2,103 540 375 451 530 2 024 511 395 486 492 2,018 79.80 77.39 73.53 70.83 70.10 71.46 72.52 v 72. 52 82 062 80. 465 v 78. 413 153. 542 f 152. 133 pl48. 786 HARDWOOD FLOORING Maple, beech, and birch: 4,375 3,475 5,325 4,250 3,950 4,000 2,700 4,525 4,350 4,900 4,500 5,650 3,000 Orders new M bd. ft 14, 025 13, 750 13,250 13, 350 16,900 15,400 16,050 13,050 15,000 15,450 14, 550 13, 350 13, 000 Orders, unfilled, end of month _ - do 3,700 4,350 4,000 4,300 3,600 3,700 3,700 3 225 4,250 4,050 3,650 3,900 3,300 Production do 3, 150 5,000 5,025 3,850 3,375 3,350 3,100 4,100 3,600 3,650 3,700 3,500 4,300 Shipments _ - - do 8,650 8,100 6,200 7,700 8,500 7,500 7,300 7,050 6,350 8,700 7,800 8,000 6,555 Stocks gross mill end of month do Oak: 73, 683 92, 406 74, 843 86, 426 78, 010 85,603 97, 078 105, 106 80, 671 62, 525 72, 917 79, 691 91, 136 Orders, new do 33, 573 37, 624 71,450 80,765 82, 346 74, 889 62, 224 32, 296 29, 630 35, 800 55, 624 49, 448 40, 867 Orders, unfilled, end of month _ __do 102, 497 74, 467 96, 955 104, 641 93, 743 87, 010 70, 985 86, 462 87, 730 100, 475 93, 738 98, 616 87,880 Production do 93, 349 89, 512 80,601 65, 903 78,490 69, 632 84, 993 93, 729 86, 291 97, 807 95, 791 91, 370 100, 007 Shipments __do 79.190 80. 516 81. 038 87. 716 88. 885 95. 631 101. 492 106. 574 115. 094 119. 929 74. 556 74.077 73. 249 Stocks. ernss_ mill, end of month _ .. __do l 2 3 'Revised. *> Preliminary. Excludes exports of infants' and children's shoes. Not available. For C and better, flat or mixed grain; not entirely comparable with data prior to April 1956. ^Revisions to be shown later are as follows: All types of lumber, January 1954-March 1955; imports of sawmill products, April 1955-January 1956; Douglas fir, January 1953-October 1955. SURVEY OF CURRENT BUSINESS S-32 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 DecemOctober NovemAugust September ber ber January February March 439, 595 405, 013 404,061 LUMBER AND MANUFACTURES—Continued PLYWOOD Hardwood (except container and packaging) : Shipments (market), quarterly total M sq ft., surface measure _Inventories (for sale) end of quarter do Softwood (Douglas fir only), production M sq. ft., %" equivalent. . 443, 094 212, 892 39, 183 236, 405 36, 938 469, 751 446, 925 431, 560 372, 282 188, 529 39, 186 355, 424 475,763 411,981 201, 501 48 947 493, 563 444, 773 506, 066 METALS AND MANUFACTURES IRON AND STEEL Foreign trade: Iron and steel products (excl. advanced mfrs.) : Exports, totalcf short tons Scrap cf do Imports, totald". do Scrapdo '1,008,246 '914,645 ' 701, 488 '710,271 '908,956 '1,140,215 '923,148 1,160,670 981, 743 1,016,175 905, 604 ' 916, 793 ••918,221 529, 847 '490 090 T 480, 170 ' 574, 915 ' 531, 516 '438,908 '472,165 ' 545, 470 ' 683, 537 '490,708 621 775 505. 495 607 765 ' 130, 869 134, 967 '141,590 ' 177, 702 162, 642 '168,926 '225,631 ' 178, 934 ' 255, 122 ' 296, 827 225, 532 213, 757 25, 024 26, 907 13 914 ' 10, 214 13, 102 20, 741 13 980 13, 263 28 753 24 788 25 607 11 576 Iron and Steel Scrap Production and receipts, total _ thous. of short Home scrap produced Purchased scrap received (net) _ Consumption, total _ __ _ Stocks, consumers', end of month tons do do do do Ore Iron ore: All districts: Mine production thous. of long tons Shipments .. _ _ _ do Stocks, at mines, end of month do Lake Superior district (U. S. and Canadian ores): Shipments from upper lake ports do Consumption by furnaces§ do Stocks, end of month, total§ do At furnaces § _. _ do On Lake Erie docks§ do_ Importscf _ _ do Manganese ore, imports (manganese content) cf do 7,135 3,882 3,253 7,107 7,168 7,238 4,087 3,151 7,541 6,863 7,145 3,934 3,210 7,270 6,737 7,586 3,947 3,639 7,271 7,054 6,595 3,677 2,918 6,714 6,934 2,304 989 1,315 2,225 7,013 6,127 3,270 2,857 6,108 7,027 6,733 3, 755 2,978 6,979 6,786 7 664 4 162 3 502 7 529 6 923 7,108 3 941 3,167 7 063 6 958 7 475 3 970 3 505 7 017 7 416 '7,320 3,592 2,081 7,262 3,649 2,004 8,905 8,084 7,332 9,657 12,970 13, 728 8,918 13, 233 13, 879 8,459 1,490 2,143 7,806 9,962 9.898 7,854 13, 404 13, 512 7,716 13, 852 14, 305 7,263 8,351 10,288 5,327 4,837 4,448 5,699 3,841 1,901 7 649 0 0 i 23, 370 23, 020 20, 365 2,655 5,674 7,457 19, 373 17, 184 2,189 12, 554 7,916 24, 010 21, 449 2,562 12, 939 7,194 30, 835 27, 468 3,367 2,666 8,045 6, 858 35, 475 31, 901 3,574 12, 745 7,217 41,213 37, 376 3,837 12, 628 7,556 47, 483 43, 235 4,248 8,801 7 485 50, 537 45 947 4,591 1,580 7 840 45, 508 41 231 37, 481 33, 580 r 1, 623 63 ' 3, 012 63 3,081 89 ' 2, 638 73 ' 4, 077 85 ' 3, 537 65 3,877 103 '2,608 64 1 630 1,692 1,163 1,255 715 1,145 1 218 702 1,086 1,236 737 1,041 1,152 687 1, 109 763 488 1,074 1.103 672 1,037 1 110 649 996 1 275 734 917 1 176 635 1 109 106, 491 86, 941 46, 266 99, 573 83, 320 47, 064 93, 677 80, 138 51, 053 86,247 75, 635 45, 022 92, 078 54, 340 31, 300 91, 883 74, 422 43, 479 92, 553 69, 380 41, 902 92, 734 81 528 50 219 89, 977 82 717 47 979 92, 311 76 352 44, 268 7,149 7,075 6 925 6,806 6,921 6,792 6,435 6,319 1 107 1,079 5 142 5,173 6,933 6,780 7 316 7 224 7 036 6 986 7 335 7 164 7 282 7 260 6 658 P 6 574 2,167 2,186 2,292 2,315 2,419 2,326 2,396 2,380 2,308 2,355 '2,268 P 2, 242 58.59 58.50 59.00 59.65 60.00 60.50 59.65 60.00 60.50 59.65 60.00 60.50 61.08 60.00 63.00 62 35 62.50 63.00 62.45 62.50 63.00 62 45 62 50 63 00 62 45 62 50 63 00 62 45 go 50 63 00 62 45 62 50 63 00 62 45 P 62 50 P 63 00 1,484 81 1,397 72 2 4,277 96 ' 4 070 ' 3, 251 ' 7, 427 '7 312 v 6, 742 p 3 744 •p 2, 998 P 6 768 P 7 302 0 7,892 3,905 92 Pig Iron and Iron Manufactures Castings, gray iron: 1,141 Orders, unfilled, for sale thous. of short tons _ 1,215 Shipments, total do For sale _ do 680 Castings, malleable iron: Orders, unfilled, for sale short tons.. 113, 616 Shipments, total _ do 93, 533 For sale do 54, 466 Pig iron: 6 603 Production thous. of short tons Consumption. ... _. do 6,576 Stocks (consumers' and suppliers'), end of month 2,212 thous. of short tons._ Prices, wholesale: 58.45 Composite dol. per long ton Basic (furnace) ._ do 58.50 Foundry, No. 2, Northern do 59.00 920 587 906 1 216 P i 103 643 93, 886 85 977 P 78 384 51 508 63 84 Steel, Crude and Semimanufactures Steel castings: Shipments, total .short tons.- 165, 398 170, 045 163, 708 178, 227 164,661 117, 984 159, 831 155, 046 175, 630 164, 114 158, 725 169, 240 P152, 013 For sale, total do 96, 350 127, 001 121,705 135, 798 126 900 125, 569 133 826 128, 598 130. 839 125, 015 142, 025 129, 147 34,762 28 284 34 080 19, 833 32, 965 35, 949 30, 833 Railway specialties _ do 31, 296 27, 475 33, 496 31. 991 30 0% Steel forgings (for sale): 551. 3 Orders, unfilled.. thous. of short tons.. 538.7 562.4 546.9 569.4 577.7 589.0 553.8 539.6 537.9 536 9 553 4 143 4 Shipments, total do 121 5 148 3 98 5 151 7 123 2 150 6 150 0 158 9 129 6 147 7 P 135 o 134 5 122.2 Drop and upset _ do 88.2 103.4 110.8 76.2 112.0 118.1 89.1 114.8 96.3 113 0 100 3 Press and open hammer do 22.2 35.2 36.8 33.6 37.5 40.1 38.6 33.3 34.0 34 7 34 2 Steel ingots and steel for castings: Production do 9 721 10 524 10 925 1 622 10 490 10 119 11 049 8 123 10 423 11 009 9 987 10 556 10 838 99 92 15 96 100 100 99 101 Percent of capacity t --' 99 75 '100 97 98 Prices, wholesale: Composite, finished steel dol. perlb._ .0627 .0583 .0583 .0581 .0581 .0583 .0581 .0627 .0620 .0628 .0626 .0629 .0632 .0633 Steel billets, rerolling, carbon, f. o. b. mill dol. per short ton.. 78.50 78.50 78.50 78.50 78.50 84.00 78.50 84.00 84.00 84.00 P 86. 32 84.00 84.00 Structural shapes (carbon), f. o. b. mill. _ dol. per lb._ .0487 .0487 .0487 .0487 .0487 .0527 .0527 .0487 .0527 .0553 p . 0567 .0527 .0527 Steel scrap, No. 1, heavy melting (Pittsburgh) dol. per long ton._ 48.50 49.00 44.50 49.50 54.50 44.50 54.00 58.50 55.50 62.50 P 53. 50 66.50 62.50 Steel, Manufactured Products Barrels and drums, steel, heavy types (for sale) : 2,502 2,146 Orders, unfilled, end of month ._ thousands 2,334 2,322 2,278 2,266 2,126 2,536 2,070 1,708 1 895 1,983 Shipments _ _ .__ . . do 2,379 2,659 2,294 1 731 2,251 2 469 2 035 1 914 1 874 1 878 Stocks, end of month do..65 69 59 57 69 61 65 68 62 62 61 Cans, metal, shipments (in terms of steel consumed), total for sale and own use short tons- '299,670 338, 536 480, 301 335, 538 405, 082 448,559 594, 771 533, 264 516, 542 265 169 267 144 '314 488 279 887 'r 176, 999 193, 360 321, 524 182 338 224, 296 266,366 419 818 392 161 352 675 154 249 153 092 '183 293 161 272 Food--do 122, 671 145, 176 158 777 153 200 180 786 182 193 174 953 141 103 163 867 110 920 114 052 131 195 118 615 Nonfood do r 251, 964 288, 099 422, 924 278 287 345, 429 396,181 531 895 458 042 453 972 219 267 221 290 '262 984 233 867 Shipments for sale do 1,421 1,533 1,594 1,493 1,390 1,591 1,495 Closures (for glass containers), production., .millions. _ 1,685 1,368 l',280 1,436 1,251 1,403 Crowns, production thousand gross.. 29, 328 34, 369 37, 619 23, 862 20, 566 24, 548 24, 870 18, 883 21, 289 22, 724 16, 941 24. 091 16, 706 ' Revised. J> Preliminary. 1 Total for January-March. 2 Total for July-August. § Beginning 1956, data (compiled jointly by The Lake Superior Iron Ore Association and American Iron and Steel Institute') reflect increased coverage of approximately 70 U. S. and Canadian furnaces. Also, some U. S. ore previously reported as held on Lake Erie docks is now included in stocks at furnace yards, and certain small stocks of ore, not fully reported in earlier data, are now more accurately represented. Comparable figures for earlier periods are not available. cf Revisions for 1954 appear in the June 1956 SURVEY and for 1955 in the October 1956 issue, p. S-35 (except that for 1955, exports of iron and steel products are further revised as follows (short tons): Total—May, 854,549: June, 879,842; September, 789,530- November, 815.810- scran-^Mav 487,300; June, 545,812; November, 446,451). ' i For 1957, percent of capacity is calculated on annual capacity as of January 1,1957, of 133,459,150 tons of steel; for 1956, data are based on capacity as of January 1,1956 (128,363,090 tons). NOTE FOR STEEL PRODUCTS, p. S-33.—Data for semifinished products comprise ingots, blooms, slabs, billets, etc., skelp, and wire rods (formerly included with wire and wire products); rails and accessories include wheels and axles. Monthly data for 1950-54 and annual shipments beginning 1933 on the revised basis will be shown later. 00 0 April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS SURVEY OF CUERENT BUSINESS S-33 1957 1956 February March April May June July DecemOctober NovemAugust September ber ber January February March METALS AND MANUFACTURES—Continued IRON AND STEEL— Continued Steel, Manufactured Products— Continued Steel products, net shipments :§ 7,809 7,431 7,931 7,067 5,540 Total (all grades) thous. of short tons 7 064 7 058 1 289 8 078 7 765 7 784 7 468 8 256 380 3291 360 390 400 Semifinished products do 399 367 417 393 447 387 416 573 3472 569 600 543 583 Structural shapes (heavy), steel piling do 564 538 516 525 479 478 777 775 3631 763 796 754 641 Plates . _ . do _ 747 695 712 707 607 224 215 208 197 3152 206 233 202 Rails and accessories do 214 211 203 238 1,180 1,262 1,085 1,218 1,124 3 1,052 1,267 Bars and tool steel, total do 1,288 1 209 1 165 1 284 1 166 802 849 3645 820 713 826 853 756 801 809 Bars: Hot rolled (incl. light shapes) _ do 877 788 224 235 250 250 234 3238 275 Reinforcing do 230 217 228 174 240 144 139 152 125 3152 127 171 174 171 Cold finished do 167 178 129 3857 905 931 990 1,039 1,055 872 Pipe and tubing do 831 914 952 1,000 915 314 3339 298 348 364 287 342 408 457 Wire and wire products do 375 395 263 451 588 3544 649 529 539 625 485 553 Tin mill products (incl black plate) do 787 798 406 2,674 3 2,3 492 2,602 2,733 2,347 2,353 2,739 2,777 2,796 Sheets and strip (incl electrical) , total do 2 655 2 910 2 532 847 802 709 794 840 731 705 816 800 Sheets • Hot rolled do 798 853 826 1,189 3 1, 100 1,211 1,271 1,277 1,268 * 1, 083 1,046 1,327 Cold rolled (incl. enameling) do 1,191 1 130 * 1, 232 NONFERROUS METALS AND PRODUCTS* Aluminum: 92, 406 132 316 149, 125 145, 081 148 391 f 147,029 119 059 132 763 145 895 144 726 150, 800 145 726 151 624 Production primary domestic short tons 32, 571 28, 131 28, 576 33, 520 30, 389 34, 997 26, 258 29 154 26, 740 Estimated recovery from scrap© do 31 117 31, 468 28 164 Imports (general): 19, 885 18, 648 18, 810 17, 244 19,217 23,097 25, 924 12, 697 15, 423 13, 572 13, 496 Metal and alloys, crude do 21 478 1,252 1,682 1,657 1,265 1, 731 1,798 1 501 2,185 2 425 2 313 1 898 Plates sheets etc do 1 361 .2710 .2671 .2710 .2710 .2710 .2590 .2710 .2710 .2590 .2590 .2440 .2590 .2458 Price, primary ingot, 99%+ dol. per lb_. .2710 Aluminum shipments: 319.2 329.5 318.9 361.4 307.7 354.7 332.2 347 9 377.6 367 3 390 6 Mill products and pig and ingot (net) mil. of Ib 281 4 235.6 218.3 217.8 264.4 252.3 217.4 247.9 240.4 260.6 279.1 241.0 Mill products, total do 194 8 104.3 125.9 114.6 136.5 117.1 132 5 147.6 134 1 139.6 143 9 156 0 Plate and sheet do 99 9 61.4 73.0 62.5 69.7 58.2 65.8 74.2 73.1 53.0 67.9 67 3 73.8 CastingsA do Copper: Production: 92, 067 99, 682 88 632 85, 292 TVrjTip rppoveT'R.blp copper A short tons 89, 667 93 690 80 600 94 942 95 608 89 371 98 104 87 205 r 93, 210 121,916 125 032 123 344 133, 135 125, 760 107, 565 109, 726 108, 789 125, 204 121, 334 123 197 137, 362 114, 263 Refinery primary do Q 83, 583 83,239 98, 401 82, 727 93, 542 98, 008 89, 277 94 943 91 071 81 814 90 051 97 040 From domestic ores do 84 89 26, 143 38, 961 31, 024 32, 057 31, 662 26, 062 35, 127 25, 751 35, 709 27, 992 30. 845 28, 401 From foreign ores do 38? 298 19,088 20, 492 19, 821 24, 318 22 171 15, 808 17, 383 19 224 24 491 21, 827 16 597 25 780 25 932 Secondary recovered as refined do Imports (general): r r 58, 795 52, 446 41 652 63, 686 52 992 49, 324 ' 58, 091 47, 882 47, 881 48, 674 44 170 Refined unref , scrap© O do 60 226 13, 496 17, 497 14, 345 15, 016 13, 697 15, 994 16, 782 14, 683 19, 443 18, 183 Refined - do 16, 687 14 970 Exports: 1 1 1 1 43, 107 24, 047 29, 312 30, 303 40, 981 25, 165 27, 277 16 172 17, 703 21, 659 18 040 i 21 686 Refined, scrap, brass and bronze ingotsO do 49 243 29, 769 29, 933 23 922 21 213 22, 025 18, 570 9 392 12 115 13 319 15 147 Refined do 17 836 16 076 39 620 81 482 125 478 115 607 132 256 116 538 112 885 pl33 084 P112 957 143 022 151 070 149 803 148 557 129 631 Consumption refined (by mills etc ) do 142* 897 149 390 161 '225 164, 055 181 233 239 113 234, 346 219,135 221, 970 239' 846 238 617 p228, 768 P238, 798 Stocks refined end of month, total do 104 972 102 272 108 496 114 888 129 095 155 068 145, 074 132,946 121 846 128 489 123 302 *>113, 196 ^103 209 Fabricators' do .3145 '. 3553 .3862 .3960 .3258 .3963 .4553 Price, bars, electrolytic (N. Y.) dol. per lb._ .4459 .3570 .4506 .4081 .4616 .4673 .3565 Copper-base mill and foundry products, shipments (quarterly) : 505 462 570 Brass mill products mil, of Ib 688 405 363 433 Copper wire mill products© do 428 225 216 263 274 Brass and bronze foundry products do Lead: Production: 29, 301 27, 109 29 975 30 950 27 415 30 630 28 503 27 969 31 520 29 481 29 705 28 250 Mine recoverable lead A short tons 34 498 36 009 33 536 40 429 35 356 37 894 34 391 38 434 38 650 33 094 37 049 37 047 Secondary estimated recoverable© do 54,063 56, 095 42, 145 36, 265 41, 294 43, 016 28 961 29, 982 42 635 32 804 29 695 «• 31, 711 Imports (general) ore© metal O do 89, 700 101, 400 95 000 110 100 101 000 85 900 105 900 98 600 96 400 101 200 96 600 98 000 Consumption total do Stocks, end of month: Producers', ore, base bullion, and in process© 117,531 118,230 117, 236 123, 621 130, 561 126, 960 133, 028 126,274 119,141 121,051 118,078 120, 975 123, 276 (ABMS) short tons 39, 129 40, 559 38, 650 37, 706 48, 843 35, 196 47 628 44, 369 52, 188 39, 930 40, 398 50 371 Refiners' (primary) ref and antimonial© do 130 617 128 246 131 162 131, 243 119 613 123 695 114, 066 119,773 112 753 102 688 r r 115,572 118, 124 Consumers' total do 55 465 52 129 53 339 57 020 53 116 59 111 49 956 50 798 51 903 55 164 51 949 Scrap (lead-base purchased) all consumers do 58 991 .1600 .1600 .1600 . 1600 .1600 .1600 .1600 .1600 . 1600 1600 1600 .1600 Price pig desilverized (N Y ) dol per Ib 1600 Tin: 2,049 1,788 1,929 1,993 1,694 1,587 1,211 2 207 2,250 2 012 1,935 Production pig total long tons 2,075 Imports for consumption: 15 127 1,224 1,462 918 1,182 1,053 1,230 679 1,761 1,890 2,746 Ore© do 4,746 6,285 r 5, 894 6,625 5,466 4,679 r 4, 348 ' 4, 707 r 4, 598 r 4, 557 r 5, 380 r 4, 835 Bars, pigs, etc do 7 415 7, 995 7,270 7 390 8 420 8 000 7 410 7 615 4 415 7 965 8 300 8 115 Consumption pig total do 4,895 5,440 5,550 5,775 5,305 4,915 2 455 5 045 5,230 5 250 5 380 5 405 Primary do 26 99 120 112 19 16 90 20 20 97 46 433 88 Exports incl reexports (metal) O do 19, 135 19,272 r 20, 121 19, 050 18, 353 20 589 15 222 15 411 16 787 16 182 18 421 18 384 Stocks pig end of month total do 19, 135 18, 390 ' 19, 105 17, 570 17, 640 18, 670 14, 785 16, 760 15, 195 17, 845 14, 900 16 930 Industry do 1. 0022 .9948 1. 0135 1. 0357 1. 0401 1. 1026 1. 0572 .9896 .9616 .9448 .9688 .9917 Price, pig, Straits (N. Y.), prompt dol. per lb__ 1. 0053 1. 0057 Zinc: 47 773 44 888 44, 084 ' 49, 186 45, 069 45 449 45 437 47 232 TVTinp prod notion rppovprablp zinc A short tons 48 861 41 980 42 717 45 093 42 963 Imports (general) : 42, 189 39, 803 45, 425 50 462 47, 182 37, 960 38, 093 41 955 55 729 43 453 39, 688 41 300 Ores and concentrates©© do 27, 494 46, 452 14, 179 27, 580 31, 079 26, 094 10 691 14, 124 12 631 14 081 17 238 12 178 Metal (slab blocks)© do Slab zinc: Production (primary smelter), from domestic and 86, 748 91, 496 85, 478 84, 583 84, 395 85, 797 78, 914 75, 674 72, 884 82 638 80 987 85 050 foreign ores short tons 6,704 6,738 6 330 7 696 5 652 5 154 5 564 4 166 5 342 5 437 6 026 6 640 Secondary (redistilled) production total do 82, 272 90, 490 87, 224 94, 777 80, 258 77, 155 89 762 46 548 72, 815 81, 876 87 222 91 782 Consumption fabricators' total do 503 496 413 1,091 952 602 657 629 413 647 671 1,083 554 Exports do Stocks, end of month: 89, 341 78, 974 ' 86, 889 70, 185 68, 622 39, 833 40, 038 88, 810 59, 577 47, 907 69, 226 102, 775 104, 307 102, 165 Producers' smelter (AZI) do 90, 667 97, 325 r 100,665 98 642 93, 896 95, 269 125 171 127 236 128 050 119 275 108 557 103 988 Consumers' do .1350 .1350 .1350 . 1350 .1350 .1350 .1350 .1350 .1350 .1350 .1350 .1350 .1350 .1350 Price, prime Western (St. Louis) dol. per lb__ ' 9. 050 7.004 8.968 8. 136 8.478 8 ni7 7.794 7 fi85 R 7fil 7 K34. 8 53fi Q 4fiQ 7inr> nvirln (vir\n nrmfpnt nf r»rp nrmsnmp.rn shnrt. tnns R 897 r l 2 Revised. » Preliminary. Data for January-June 1956 exclude exports of brass and bronze ingots; such exports averaged 68 tons per month in 1955. Secondary plants only. 3 4 For July and August. Excludes shipments of enameling sheets. ©Basic metal content. § Beginning with the March 1956 SURVEY, data reflect regrouping of products. For changes not self-explanatory, see note at bottom of p. S-32. *New (or substituted) series in most cases. All series (except as noted) are compiled by the 17. S. Department of Interior, Bureau of Mines; data prior to August 1954 for new series will be shown later. General imports comprise imports for immediate consumption plus material entering the country under bond. Aluminum—prices of aluminum ingot are as quoted by the American Metal Market; shipments of mill products plus pig and ingot are compiled jointly by the U. 8. Department of Commerce, BDSA and Bureau of the Census. Copper—secondary production, exports, consumption, and stocks of copper and shipments of mill and foundry products are compiled by BDSA. Lead—producers' stocks of lead ore and bullion are compiled by the American Bureau of Metal Statistics; stocks of scrap lead are in gross weight. Zinc—primary smelter production of slab zinc is derived by subtracting secondary (redistilled) production at primary and secondary smelters (compiled by Bureau of Mines) from total smelter production (compiled by American Zinc Institute). ARevisions for 1954 (and 1955 for lead) are available upon request. ©Revisions for earlier months appear in the July 1956 SURVEY. SURVEY OF CUEEENT BUSINESS S-34 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 October Novem- DecemAugust September ber ber January February March METALS AND MANUFACTURES—Continued HEATING APPARATUS, EXCEPT ELECTRIC Hadiators and convectors, cast iron: Shipments _ _ thous. of sq. ft. of radiation Stocks, end of month do Oil burners: Shipments - _ number Stocks, end of month do Stoves and ranges, domestic cooking, excl. electric: Shipments, total number Coal and wood _ do Gas (incl bungalow and combination)© do Kerosene, gasoline, and fuel oil do Stoves domestic heating shipments total Coal and wood Gas Kerosene gasoline and fuel oil do do do do Warm-air furnaces (forced-air and gravity air-flow), shipments total number Gas do Oil do Solid fuel do \Vater heaters gas shipments do 2,236 5,013 1,802 5,814 1,900 6,082 1,577 6,912 1,618 7,519 1,959 6,626 2,996 5,977 3,089 5,277 3,719 4 263 2,589 4,074 1,756 3,878 1,712 4,139 44, 697 63, 952 47, 890 73 835 50, 798 77, 713 51, 650 80, 563 66, 498 75, 128 57, 752 74, 320 85, 278 64, 527 97, 746 51, 778 94, 910 48 903 64, 881 50 162 38, 729 50,329 45, 934 54, 460 192, 953 5,039 178 441 9,473 194 454 4,958 181 480 8,016 174, 627 4,572 161 322 8,733 178, 069 4,159 166 627 7,283 179, 899 4,154 169 539 6,206 155, 725 4,065 146 845 4,815 206, 506 7,183 187 484 11, 839 204, 446 5, 789 190 984 7,673 217, 898 6, 536 202 850 8,512 161, 070 5,537 149 675 5,858 134, 878 4,387 125 139 5,352 146, 360 4,178 136 248 5,934 106, 293 10, 245 58, 849 37 199 131 234 10, 636 76 970 43 628 125, 580 14, 310 71, 694 39 576 166, 167 18, 511 99, 159 48, 497 206, 637 24, 269 132, 474 49, 894 280, 617 32, 832 183, 315 64, 470 348, 645 54, 526 215, 861 78, 258 347, 688 58, 212 195, 533 93 943 383, 582 63, 483 224, 507 95 592 242 322 30, 905 160 611 50 806 85, 536 10, 537 56, 140 18, 859 75, 948 6,379 42, 657 26, 912 78 906 51 025 25, 417 2,464 246 098 84 882 56 527 26, 280 2 075 254 786 84 992 57 390 25, 311 2,291 230 056 93 590 63, 751 26, 585 3,254 231, 388 104, 167 70, 204 30, 434 3,529 236, 758 111,614 71, 962 34, 770 4,882 226, 532 159, 704 99, 712 52, 873 7,119 237, 962 154 509 94, 845 51, 638 8,026 217 277 133 321 81, 462 45, 118 6,741 225 632 99 543 62 987 32, 303 4 253 182 266 71, 305 47, 479 21, 201 2, 625 153, 198 75 659 49, 156 23, 737 2,766 209 953 MACHINERY AND APPARATUS Blowers, fans, and unit heaters, quarterly totals: Unit heater group new orders Foundry equipment (new) , new orders, net Furnaces, industrial, new orders, net: T? pi fi pd fp ppr»t fn h t rnll'n tppn rl Industrial trucks (electric), shipments: Hand (motorized)* number Rider-type do Industrial trucks and tractors (gasoline-powered), shipments* number Machine tools (metal-cutting):® A Domestic do Shipments total do Domestic do Estimated backlog months Pumps (steam, power, centrifugal and rotary), new Tractors (except contractors' off -highway and garden) : A Wheel-type Tracklaying do do 47 824 19 954 52 275 20 297 75 099 20 117 64 785 16 954 do 169 0 152 7 135 2 207 0 156 7 110 3 188 3 114 7 122 2 121 0 115 6 117 9 1 768 9' 770 2 221 3 526 1 924 6 182 2 035 1 178 2 555 1 432 1 089 2 726 3 263 2 988 1 410 1 007 2 131 5 447 1 587 1 767 2 095 2 943 2 062 4 581 4 441 3 429 603 491 671 503 624 503 719 520 702 533 682 512 554 374 577 442 682 491 565 501 521 442 602 480 559 385 1,765 2,170 2,232 2,254 2,141 2,725 2,137 2,141 2,191 2,206 1,977 1,837 1,610 81 30 72 35 64.60 58. 70 8 5 gq 50 80 05 74.15 67 85 8 6 79 30 74.00 71.80 65.00 87 10 79.45 76.80 70.50 61 90 55.25 65.15 60.70 87 50 78.25 75.10 69.00 8.4 8.2 61 85 55.65 76.25 69.55 78 45 68.80 71.10 65.40 66 10 57.55 89.75 79.85 7.2 64 25 58.70 81.70 73.60 6 7 57 20 51.90 85.15 75.05 r 63 25 r 56 30 r 76. 55 r 67. 55 r 60 P 58 15 •P 51. 00 p 78. 10 P 72. 40 •p 5. 8 7 735 8 987 8 865 9 903 8 240 7,587 8,336 8 436 9 188 8 522 6 838 9 601 79 526 42, 795 36, 731 86 767 44, 244 42, 523 92 794 42, 996 49, 798 81 342 34, 054 47, 292 71 849 27, 042 44, 807 57 283 20, 840 36, 443 63 321 24, 556 38, 765 63 231 29, 656 33, 575 63 3°2 27, 619 35, 703 55 471 22, 731 32, 740 63 656 29, 689 33, 967 74 635 38 251 36 384 82 060 43, 351 38, 709 1 340 1 348 1 368 1 761 1,807 2,178 2 571 2 711 3 015 2 592 2,265 2,638 1 955 156 156 155 147 142 160 146 159 132 136 151 ••127 395 7 405.7 1,360.1 352 9 324.2 993.0 326 0 315.2 1, 060. 2 248 3 340.2 1,073. 8 259 8 380.2 566.7 276 9 373.9 990.8 320 3 402.6 U,319.2 372 0 449.4 1, 348. 9 300 4 357. 9 1, 381. 8 281 0 298.4 1,715. 2 276 7 '331.3 1, 085, 5 i 680. 0 549.6 467.9 i 553. 0 336.9 612.9 i 894. 2 820.8 680.0 i 627. 0 450. 2« 154.0 7.8 7.8 7.7 7.7 6.2 ELECTRICAL EQUIPMENT Batteries (automotive replacement only), shipments f TT h Irl 1 t ' 1 V • uiOUbdllUis-- Refrigeration output (seas adj )* 1947 49—100 Vacuum cleaners (standard type), sales billed 286 4 405.6 Washers, domestic sales billed d do 1, 093. 5 Radio sets, production§ do Television sets (incl. combination), production§ 576.3 thousands. _ Insulating materials and related products: Insulating materials, sales billed, index 163 0 1947 49—100 Vulcanized fiber products: 9 4 567 1 q,. *! . •, . H nrndnptsr? th <?'nfdnl 2 136 32, 877 Steel conduit (rigid) shipments thous of ft Motors and generators, quarterly: New orders index 1947 49—100 Polyphase induction motors, 1-200 hp:t New orders thous of dol Billings do Direct current motors and generators, 1-200 hp:t Billings do 1 1 1 168.0 163.0 158.0 156.0 117.0 153.0 141.0 163.0 149.0 139.0 4 981 2 234 34, 743 4 792 2 338 37, 840 4,900 2 050 43, 495 4,804 1,903 54, 144 3,540 1,450 42, 513 4,829 1,930 30, 344 4,158 1,694 28, 700 4,674 1,956 31, 596 4 240 1 812 31, 156 4,464 1,784 33, 318 224.0 253.0 228.0 53, 266 46, 766 61, 186 51, 572 55, 187 57, 156 52, 395 51, 859 11 509 8,883 12, 528 11, 321 12, 136 10, 815 11, 333 13, 293 r 300 9 319.6 l, 264. 8 »li,m.i r 464. 7 p i 569.5 PETROLEUM, COAL, AND PRODUCTS COAL Anthracite: Production:}: thous. of short tons_. Stocks in producers' storage yards, end of month thous. of short tons Exports do Prices: Retail composite dol. per short ton Wholesale, chestnut, f. o. b. car at mine do 2,334 2,029 2,233 433 331 425 231 431 244 26.88 14. 124 26.88 14. 124 26.88 12. 460 1,925 2,442 1,869 2,699 2,481 2,938 2,600 2,316 2,265 371 333 282 405 331 359 529 465 519 680 388 659 364 488 342 658 264 469 25.74 12. 460 25.89 12. 460 25.99 12. 880 26.21 12. 880 26.23 13. 055 27. 15 13. 755 27.87 14. 490 28.99 15. 575 r ' 1, 885 1,750 288 29.41 29.41 15. 575 P 15. 575 t Revised. p Preliminary. 1 Represents 5 weeks' production. O Beginning January 1956, data are estimated industry totals compiled by Gas Appliance Manufacturers' Association from reports of manufacturers whose shipments represent 80 to 95 percent of those for the industry. ©Comparable data back to 1945 are available upon request. ADiffers from series shown in 1955 edition of BUSINESS STATISTICS. *New series. Data for trucks and tractors, compiled by the Industrial Truck Association, are available beginning January 1955. The refrigeration index, compiled by the Board of Governors " ' ' ' -^iata are available beginning January 1947. cts. f Unpublished revisions (January 1954-October 1955), , ,. _ ., . _x._ .. , portable battery, automobile, and clock models; television sets include combination models. Data for March, June, September, and December 1956 and March 1957 cover 5 weeks, other months, 4 weeks. ^Revisions for 1954 and 1955 are available upon request. of Data for January-April 1956 include shipments of hollow ware (averaging $189,000 per month in 1955); in other months, such shipments are excluded. IfData for polyphase induction motors cover from 32 to 33 companies; for direct current motors and generators, from 25 to 27 companies. DData beginning January 1957 exclude sales of combination washer-dryer machines. In 1956, such sales totaled 102,400 units; 1957 cumulative sales through February amount to 38,900 units. r SUEVEY OF CUREENT BUSINESS April 195T Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-35 1956 February March April May June July 1957 DecemAugust Septem- October November ber January February March 39, 260 42. 750 PETROLEUM, COAL, AND PRODUCTS—Continued COAL— Continued Bituminous: Production d" __ thous. of short tons _ Industrial consumption and retail deliveries, total? cf » thous . of short tons. _ Industrial consumption, totalj do Electric-power utilities do Coke ovens « _ do Beehive coke ovens do Steel and rolling mills __ do__ _ Cement mills do Other industrials do_ _ Railroads (class I) Bunker fuel (foreign trade) Retail-dealer deliveries 41, 221 34, 231 13,181 8,821 396 520 753 9,358 41, 121 35, 124 13, 101 9,424 437 533 789 9,629 36, 086 31, 900 11,709 9,066 413 465 737 8,377 34, 475 31, 499 11, 787 9,168 420 400 768 7,866 31, 867 29, 862 12, 065 8,485 354 376 748 6,906 24,600 22, 649 11, 750 3,130 93 142 764 6,004 do do_ 1,197 5 1,206 5 1,093 40 1,028 62 865 63 709 57 do 6,990 5,997 4,186 2,976 2,005 Stocks, industrial and retail dealers', end of month, total . thous. of short tons. _ Industrial total do Electric-power utilities do Coke ovens do Steel and rolling mills -do Cement mills do Other industrials do Railroads (class I) _ do_ ._ Retail dealers . ' 42, 259 ' 43, 235 ' 40, 104 ' 43, 896 ' 39, 241 ' 30, 519 ' 43, 907 ' 40, 187 '47,869 do 65, 261 64, 394 36, 171 12, 342 551 1,050 13, 286 994 867 3,825 Exports cT do Prices: Retail, composite dol. per short ton . 15.56 Wholesale: 4.731 Screenings, indust. use, f. o. b. car at mine_.do 7.229 Large domestic sizes, f. o. b. car at mine_.do COKE Production: Beehive __ thous. of short tons _ Oven (byproduct) do Petroleum coke 9 _ _ _ _ _ _ _ do Stocks, end of month: Over-coke plants total do At furnace plants do At merchant plants do Petroleum coke _ do Exports do Price, beehive, Connellsville (furnace) dol. per short ton__ 65, 847 65, 194 36, 633 12, 840 534 986 13, 259 942 653 ' 3, 946 67,237 66, 536 37, 870 12, 865 548 1,007 13, 339 907 71, 796 70, 965 40, 223 13, 606 569 1,100 14, 573 894 32, 359 ' 33, 230 29, 557 r 30, 035 12, 907 12, 175 7,783 8,915 189 248 333 358 766 '720 6,652 6,645 ' 44, 209 ' 39, 410 ' 44, 025 36, 269 32, 748 13, 225 9,266 304 437 753 7,695 37, 110 33, 462 13, 751 8,979 337 457 786 8,072 36,415 38, 953 r 42, 810 34, 980 ' 37, 037 31, 779 12, 937 15, 669 14, 431 8,476 '9,372 9,383 '418 406 360 481 593 523 792 718 809 9,194 7,953 8,427 868 59 916 58 1,008 60 1,019 61 1,037 27 978 '4 802 6 2,802 3,195 3,521 3,648 3,973 5,773 4,636 74, 309 73, 678 71, 449 72, 695 ' 70, 371 ' 73, 149 41, 236 r 41, 186 T 43, Oil 14, 005 13. 061 13, 366 538 556 553 1, 362 1,185 1,267 13, 943 14, 733 13, 343 929 980 961 76, 026 74, 9f4 44, 564 13, 522 524 1,406 14, 022 916 78, 897 77, 706 46, 434 14, 006 609 1,549 14, 190 918 78, 976 77, 806 46, 726 14, 093 580 1,612 13, 963 832 78, 008 76, 886 45, 956 13, 894 539 1,576 14, 061 860 ' 72, 973 ' 72, 135 43, 409 r 12, 796 511 1,377 13, 245 797 71, 307 70, 501 42, 262 12, 801 491 1,272 12, 887 788 1,078 1,072 1,191 1,170 1,122 838 806 6,312 5,092 4 517 1,951 f 701 831 983 5,366 5,898 6,570 r 6,567 1,160 r 7, 668 6,453 6,650 15.57 15.57 15.25 15.26 15.31 15.45 15.74 16.04 16.27 16.26 4.779 7.071 5.045 6.576 5.056 6.620 5.057 6.735 5.051 6.795 5.083 6.987 5.091 7.120 5.426 7.546 5,432 7.604 5.433 7.630 248 6,235 499 273 6,625 523 251 6,380 454 259 6,467 495 216 6,020 538 52 2,253 552 119 5,496 535 154 6,299 519 186 6,556 505 205 6,328 519 220 6,616 549 '253 6,604 572 245 5,967 1,635 1,479 155 333 45 1,674 1,535 139 344 52 1,743 1,567 176 347 40 1,888 1,650 238 344 52 1,939 1,644 295 342 63 2,634 2,185 449 355 36 2,963 2,437 526 341 69 2,811 2,304 507 336 68 2,584 2,107 477 308 49 2,442 2,003 439 312 63 2,326 1,924 402 '264 57 ' 2, 096 1,793 303 292 78 2,013 1,765 248 14.13 14.13 14.13 14.13 14.13 14.13 14.35 14.50 14.50 14.50 15.00 15.00 15.19 2,533 209, 027 95 233, 374 2, 502 225, 625 93 245, 340 2,646 214, 386 88 224, 623 2,977 218, 976 93 244, 784 2,574 212, 997 95 242, 119 2,680 219, 805 94 248, 439 2,995 223, 046 94 247, 851 2,245 211, 616 94 240, 708 2,611 215, 936 87 235, 842 2,417 214, 174 93 240, 944 2,335 228, 684 93 252, 361 2,667 231, 880 94 256, 485 259, 504 68, 516 171, 050 19, 938 265, 683 70, 152 175, 704 19, 827 277, 121 72, 209 184, 807 20, 105 277, 497 70, 706 186, 113 20, 678 274, 491 67, 805 185, 882 20, 804 277, 008 70, 297 185, 831 20, 880 279, 944 71, 995 187, 123 20, 826 278, 791 72, 749 184, 895 21, 147 286, 560 75, 178 190, 081 21, 301 275, 995 70, 416 184, 477 21, 102 266, 014 71, 721 173, 278 21, 015 256, 669 70, 324 164, 808 21, 537 501 24, 906 2.82 1,155 28, 737 2.82 748 1,236 866 610 26, 244 ' 30, 849 r 30, 029 * 34, 002 2.82 2.82 2.82 2.82 1,179 31, 602 2.82 805 r 29, 372 2.82 1,444 33, 976 2.82 ' 8, 442 10, 544 ' 28, 602 26, 491 2.82 2.82 7,460 29, 680 2.82 55, 622 37, 291 56, 045 37, 618 51, 387 33, 892 51, 665 35, 609 52, 640 32, 951 54, 775 33, 037 57,007 33, 823 55, 354 31, 868 54, 917 33, 543 55, 245 35, 471 61, 413 39, 922 65, 662 40, 990 69, 165 54, 412 65, 631 52, 493 46, 588 46, 470 38, 300 43, 505 33, 469 39, 889 31,490 36, 144 33, 033 39, 422 41, 088 39, 452 44, 254 45, 461 57, 808 50, 389 71, 394 54, 381 92, 960 60, 874 7,095 8,231 5,611 6,224 8,424 6,642 5,758 8,118 6,408 4,468 8,126 6,940 4,615 7,857 7,034 4,323 7,842 6,957 5,177 8,326 7,319 5,202 7,552 6,596 6,266 8,687 7,480 7,130 8,323 7,031 8,224 8,712 7,916 9,904 8,861 7,999 71, 335 35, 673 60, 846 32, 984 63, 571 32, 740 75, 928 36, 607 93, 758 39, 073 115, 787 43, 958 137, 905 46, 617 150, 411 47, 342 158, 871 48, 400 151, 517 44, 590 133, 981 44, 491 100, 572 38, 403 1,770 1,264 1,574 1,346 2,395 1,685 1,312 1,819 1,544 2,108 1,720 ' 2, 060 2,094 ' 2, 136 2,170 1,734 ' 2, 645 1,343 5,119 2,282 7,959 3,226 6,687 4,012 .106 2.00 .106 2.00 .106 2.00 .106 2.00 .106 2.00 .106 2.00 .106 2.00 .106 2.00 .109 2.00 .109 2.25 .109 2.25 .109 2.45 11, 165 13, 830 18, 712 53 10, 590 12, 140 17, 215 83 8,978 7,960 18, 227 134 9,058 5,170 21, 883 325 8,704 4,364 26, 111 209 9,170 6,213 28, 990 r214 9,716 6,850 31, 826 90 9,872 8,151 33, 588 58 11,044 8,714 35, 667 '313 11, 508 12, 434 34, 329 562 11, 735 14, 114 31,420 659 11, 384 17, 946 24, 019 1,059 .111 .111 .111 .111 .111 .111 .111 .111 .115 .115 .115 .115 16.31 16.31 ' 5. 467 v 5. 467 ' 7. 641 v 7. 641 PETROLEUM AND PRODUCTS Crude petroleum: \Vells completed number Pr eduction cf thous of bbl Refinery operations percent of capacity Consumption (runs to stills) thous of bbl Stocks, end of month: Gasoline -bearing in U. S., total do At refineries do At tank farms and in pipelines do On leases do Exports 1 Imports d" Price (Oklahoma-Kansas) at wells do do dol. per bbl__ Refined petroleum products: Fuel oil: Production: Distillate fuel oil thous of bbl Residual fuel oil do Domestic demand: cf Distillate fuel oil do Residual fuel oil do Consumption by type of consumer: Electric-power plants do Railwavs (class I) do Vessels (bunker oil) _ do Stocks, end of month: Distillate fuel oil do __ Residual fuel oil do Exports: Distillate fuel oil 1 do Residual fuel oil d do Prices, wholesale: Distillate (New York Harbor, No. 2 fuel) Residual (Okla No 6 fuel) dol per bbl Kerosene: Production thous of bbl Domestic demands'1 do Stocks end of month do Exports do Price, wholesale, bulk lots (New York Harbor) dol. DPT eral ' 1Revised. v Preliminary. d Revisions for July 1955 through January 1956 for imports and exports and for 1954 and 1955 for other indicated items will be published later. ^Revised (effective with the October 1955 SURVEY) to include bunker fuel. 9 Includes nonmarketable catalyst coke. 2.82 6,963 6,938 15.25 SURVEY OF CURRENT BUSINESS S-36 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 DecemAugust Septem- October November ber January February March PETROLEUM, COAL, AND PRODUCTS—Continued PETROLEUM AND PRODUCTS— Continued Refined petroleum products— Continued Lubricants: Production - . thous. of bbl Domestic demand 9 do Stocks, refinery, end of month . do Exports do Price, wholesale, bright stock (midcontinent, f. o. b. Tulsa) dol. per gal Motor fuel: Gasoline (including aviation): Production total 9 thous of bbl Gasoline and naphtha from crude oil do Natural -gas liquids: Used at refineries (incl benzol) do Used in other gasoline blends etc 9 do Domestic demand 9 _ _ Stocks, end of month: Finished gasoline At refineries _ Unfinished gasoline Natural gasoline and allied products 4,536 3,415 9,309 921 4,996 3,478 9,646 1,120 5,108 3,767 9,725 1,208 5,164 3,981 9,542 1.295 5,010 3,599 9,754 1.127 4,749 3,717 9,694 1,028 5,005 3,855 9,547 1,234 4,706 3,495 9,664 1,035 .210 .220 .220 .220 .220 .220 i.240 1 111, 754 99 106 118, 699 105 518 109, 365 96, 627 119, 640 106, 115 119, 267 106, 118 123, 229 109, 338 9,507 3 141 10, 240 2 941 10, 092 2,646 10, 323 3 202 10. 273 2,876 do 98, 088 113, 128 113, 034 124, 114 do do do do 184, 554 109, 772 11, 538 11, 392 187, 981 110,001 11,717 12 642 182, 564 103, 410 10, 735 14, 356 174, 494 95, 479 12. 179 16, 717 2, 278 1,995 .110 130 .213 .110 125 .214 8,017 6,245 11, 496 7,304 Exports (motor fuel gasoline jet fuel) do Prices, gasoline: Wholesale, refinery (Oklahoma, group 3) dol per gal ^SVholesale regular grade (N Y ) do Retail, service stations, 50 cities do Aviation gasoline: Production total thous of bbl 100-octane and above do Stocks end of month, total do 100-octane and above do Jet fuel:* Production do Domestic demand do Stocks end of month do Asphalt:© Production do Stocks refinery, end of month.. . do Wax:© Production __ do Stocks refinery end of month do Asphalt products, shipments: Asphalt roofing total thous. of squares Roll roofing and cap sheet: Smooth surfaced do Mineral surfaced do Shingles, all types _ _ . _ do _. Asphalt sidings do Saturated felts __ short tons__ 5,112 4,118 9,536 ' 1, 030 4,970 3,506 10, 060 '925 4,870 3,491 10, 182 1,197 4,960 3,774 10, 412 894 .240 i .240 '.240 1.240 i .240 125, 142 110, 474 119, 721 105, 676 116, 953 102, 079 117, 398 102, 635 125, 199 109, 792 123, 710 109, 412 10, 863 3,028 11, 118 3,550 11, 399 2,646 13, 455 1,419 13, 145 1 618 13, 764 1,643 12, 702 1,596 127, 413 121, 243 126, 207 112, 691 120, 133 112, 636 108, 215 109, 190 164, 826 88, 640 12, 250 19, 586 164, 590 86, 118 11, 946 21, 595 161, 14? 84, 036 11, 797 22, 307 167, 032 86, 313 10, 942 23,653 161,308 82,994 11, 490 24, 178 163, 086 85, 720 11,722 22, 934 174, 654 96, 081 12, 617 20, 559 184, 942 106, 956 12, 760 17, 638 1,968 1,812 '2,400 1,999 2,510 2,181 2, 469 4,142 3,616 .113 .125 .215 .118 125 .218 .118 .125 2.218 .118 .125 2.220 ,118 .125 2.216 .118 .125 2.217 .115 .115 115 .115 2.216 2.215 2.215 2.227 8,879 7,056 11, 438 7,185 9,204 7,455 11, 799 7,706 9,367 7,123 11, 581 7,347 9.536 7,151 11, 959 7,268 9,535 7,290 12, 086 7,239 9,837 7,784 11,919 7,108 9,335 7,263 11, 681 6,880 9,413 7,630 11, 625 7,010 9,218 7,269 11, 781 7,362 9,596 7,340 12, 435 7,439 9,413 7,788 12, 815 7,696 5,053 4,986 4,148 5,752 5,564 4,336 4,961 5,117 4,178 6,183 5,682 4,664 5,615 5,907 4,372 5,668 5,950 4,090 5,890 5,405 4,574 5,861 5,732 4,637 5,619 5,832 4,424 5,316 5,162 4,576 6,031 5,185 5,322 6,207 6,552 5,185 4,733 10, 608 5,948 12, 067 6,636 13, 187 8,072 12, 954 9,434 11, 423 10, 025 9,635 10, 571 7,680 9,805 6, 832 9,502 6,601 6,572 7,755 4,905 9,150 3,918 10, 381 444 566 479 517 388 502 485 550 448 566 399 566 466 577 441 608 450 605 446 611 477 658 460 661 4,624 6,157 3,951 5,499 5,757 5,800 6,166 5,724 6,161 4,011 2,227 958 902 2,765 112 83, 527 1,199 1,230 3,728 120 98, 828 679 829 2,443 64 52, 267 895 1,189 3,415 78 77, 295 982 1,110 3,664 95 84, 895 974 1,201 3,625 101 85, 332 1,117 1,419 3,630 117 84, 120 1,033 1,464 3,227 125 78,237 1,145 1,543 3,473 148 85, 158 758 927 2,326 124 69, 463 3,166 2, 815 5,767 3,299 3,136 5,929 3,094 3,001 6,030 788, 644 772, 217 514, 999 a 1, 194 r r 3, 895 2.225 2. 2195 4,142 406 916 '817 515 949 '872 1,306 ' 2, 205 2,277 68 103 92 51, 520 ' 78, 270 79, 454 PULP, PAPER, AND PRINTING PULPWOOD AND WASTE PAPER Pulpwood: Receipts Consumption Stocks end of month Waste paper: Receipts Consumption Stocks end of month 3,619 3,098 5,418 ' 2, 840 ' 2, 638 ' 6, 229 3,255 3,137 6,409 3,139 2,826 6,723 699, 647 720, 736 519, 590 677, 788 679, 958 517, 075 1, 856. 5 ' 1, 672. 6 1, 904. 6 '72.7 82.5 81.7 1, 032. 0 ' 920. 0 1, 061. 0 215.9 ' 200. 8 226.9 255.4 ' 231. 5 262 6 89.4 90.1 '78.0 182.1 169.4 181.5 1, 708. 8 83.6 915.8 207.5 244 0 90.1 167.8 thous. of cords (128 cu. ft.) do do 3,076 2,924 5,165 3,147 3,106 5,203 2,707 3,010 4,899 2,838 3,147 4,586 2,989 3,012 4,567 3,161 2,826 4,894 — short tons do do 755, 915 763, 252 445, 456 811, 788 811, 383 446, 947 775, 057 755, 298 467, 945 800, 360 787, 483 482,817 752, 916 756, 640 480, 174 650, 110 617, 505 514, 619 756, 614 691, 112 770, 437 691,688 498, 997 503,018 1, 913. 0 93.5 1, 031. 1 225.1 261.5 108.8 193.1 1, 859. 5 65.8 1, 016. 1 246.2 246.0 102.0 183.4 1, 954. 4 87.8 1, 069. 2 229.1 268.0 106.3 194.0 1, 863. 9 79.5 1, 026. 8 219.1 256.4 102.1 180.2 1, 723. 4 58.3 950.2 218.0 244.7 94.7 157.5 1, 908. 3 78.0 1, 056. 9 223.9 264.5 106.6 178.3 777.0 169.2 502.4 105.4 780.8 181.6 493.3 105.8 797.6 190.5 504.9 102.2 813.2 200.4 518.2 100.6 849.0 200.3 548.6 100.0 872.9 200.5 577.5 102.1 885.4 196.4 584.2 104.9 909.0 199 4 603.4 106.3 934.4 219.5 610.6 104.3 ' 912. 0 ' 189. 5 ' 617. 1 105 4 884.0 208.8 575.3 100.0 871.7 206 6 564.5 100 6 '50.8 '16.7 34.1 42.9 18.8 24.1 46.2 22.9 23.3 46.3 20.2 26.1 '39.3 18.2 21.2 50.2 17.4 32.8 37.5 '12.5 '25.0 41.6 ' 13. 6 '28.0 47 4 10.4 37.0 49.7 16.4 33.3 48.2 14.5 33.7 37 9 17.2 20.7 WOOD PULP Production: c? 1, 813. 6 Total all grades _ thous. of short tons 88.4 Dissolving and special alpha __do_ _,. 989.2 Sulfate - do _ 222.7 Sulfite _ _ _ _ _ do 240.8 Groundwood do Defibrated or exploded _ do 97.3 Soda semichem., screenings, damaged, etc do 175.3 Stocks, end of month :cf 785.9 Total, all mills _ _ do __ 165.2 Pulp mills do 520.5 Paper and board mills do _ 100.2 Nonpaper mills do Exports, all grades, total 9 Dissolving and special alpha All other do do do 47.2 15.9 31.3 1, 728. 7 1,940 7 76.6 79.9 950.7 1, 071. 5 197.8 238. 0 262 8 243.3 95.4 100. 3 164.9 188 2 726, 934 '652,625 718, 128 '637,049 523, 759 ' 541, 058 211.3 201.6 '212.2 213.1 183.7 171.9 211.9 191.1 168.7 177.1 175.2 190 4 Imports all grades total 9 do 17.9 12.0 17.9 19.4 11.0 11.0 13.8 18.9 14.8 12.2 10.1 13.3 Dissolving and special alpha- _ _ _ _ _ _ do 166.2 183.7 ' 198. 4 199.3 172.7 194.0 149.4 203.0 152.9 176.3 177.1 162.9 All other do r Revised. *> Preliminary. * Effective August 1956, for "solvent refined" instead of "conventional"; August 1956 price on former basis was unchanged from July 1956. 2 Average for 54 representative cities throughout the United States; essentially comparable with data through May 1956. 9 Revisions for petroleum products (domestic demand, gasoline production, and natural gas liquids used in blends) for 1954, and 1955, and wood pulp (exports and imports) for January 1954-July 1955 will be published later. *New series. Prior to 1954, included with data for gasoline, kerosene, and distillate fuel oil; for January-July 1954 figures, see note "1M on p. S-35 of the September 1955 SUEVEY and earlier issues. GAsphalt—5.5 bbl.=l short ton; wax—1 bbl.=2801b. ^Effective with the October 1955 SURVEY, data as compiled by the Bureau of the Census have been substituted for those from the United States Pulp Producers Association. aRe vised January 1956 figure is 2,162,000 barrels. SURVEY OF CURRENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-37 1956 February March May April June 1957 July August Septem- October Novem- December ber ber February January March PULP, PAPER, AND PRINTING—Continued PAPER AND PAPER PRODUCTS All paper and board mills, production:! Paper and board total thous. of short tons Paper do Paperboard do _ Wet-machine board do Construction paper and board -do 2,598 1,132 1,198 2 643 1,163 1 200 2 761 1,206 1 252 12 256 12 268 13 290 13 267 13 277 442.4 431.5 489.8 130. 10 2 130. 10 2 130. 10 2 1, 303. 0 547.0 1, 291. 1 1, 210. 7 1, 282. 4 557.9 535.0 1, 184. 8 1, 289. 5 100 98 97 130. 10 r 2 1, 120. 9 418 2 1, 233. 5 i 805. 0 i 850 2 977 0 i 833. 2 i 410 8 '•2 358 1,091 ••1,071 2 591 1,174 1 179 2 746 1,227 1 248 12 243 i 827. 2 i 863. 8 i 914. 9 1 863 9 938.2 1 060 9 i 794. 1 i 914. 5 i 397. 7 * 408 0 464.7 2 2 466 1,108 1 103 13 273 10 250 Paper, excl. building paper, newsprint, and paperboard (American Paper and Pulp Association): Orders, new - _ -thous. of short tons.. 11 885. 9 11 982. 1 11 890. 5 11 910. 1 i 854. 3 891. 8 929. 5 957. 7 i 904. 0 952. 8 Orders unfilled end of month _ do __ 9 1 035 2 1 057 5 1, 029 4 1,011.0 1,066 Production _do__ i 857. 9 11 914. 0 1 878. 4 1 908. 8 i 891. 5 Shipments _ do 397. 5 1 401. 7 1 401 6 1399 0 Stocks end of month __do__ _ 1 401. 8 Fine paper: 126.1 129.9 137.8 149.8 144.8 Orders new do 116.9 143 1 Orders unfilled end of month _ _- _.do__ _ 143 7 131 9 133 5 144.5 125.3 136.4 141.3 135.6 Production do 127.4 141.4 Shipments _ do __ 136.1 144.0 142 2 93.2 96 2 98 8 99 8 Stocks end of month do 100 2 Printing paper: 362.9 362 5 371.9 372 7 407.0 Orders new - do_ _ 492.4 531 1 545 5 548 5 519 7 Orders unfilled end of month do 348.5 348.8 357 0 366.8 368 0 Production -- -- do 348.9 344.3 368.2 365.8 357.8 Shipments do 159.5 160.5 Stocks end of month -- -- -do 160.0 159.1 159.8 Price, wholesale, book paper, "A" grade, English 15.05 15.05 15.05 finish, white f o. b. mill dol.per 100 lb_. 15.05 15.27 Coarse paper: 342.2 324.5 338.0 365.7 309.7 Orders, new thous. of short tons. _ 222 1 229.2 213 3 215 8 181 9 Orders unfilled end of month do 334.9 345. 6 343.6 334.1 336 1 Production - -- --do 331.8 342.4 346.7 334.3 332.7 Shipments do 89.5 97.8 89.2 91.2 90.9 Stocks end of month do Newsprint: Canada (incl. Newfoundland): 514.7 550.5 552.9 518.4 536.4 Production do 534.8 501.6 551 8 508.4 Shipments from mills do 544 5 114.1 132.2 142.2 132 9 141 0 Stocks at mills end of month do United States: 397.8 461.8 446.1 464.1 Consumption by publishers __do__ _ 422 4 130.5 149.0 149.0 138.3 141.9 Production! do 132.0 147.3 149.6 136.3 144 4 Shipments from mills t -do Stocks, end of month: 7.4 5.8 8.9 9.4 At mills do 6.4 366.1 366.3 348.7 342.3 376 1 At publishers do 107.2 98.5 103.9 93.8 In transit to publishers _ do 112.2 430.2 Importscf --do Price, rolls, contract, delivered to principal ports dol. per short ton__ 130. 25 Paperboard (National Paperboard Association): Orders new thous. of short tons.. 1, 155. 3 584.2 Orders unfilled end of month __do 1, 209. 1 Production, total do 100 Percent of activity Paper products: Shipping containers, corrugated and solid fiber, 7,758 shipments§ mil. sq. ft. surface area__ Folding paper boxes, index of value: 189.4 New orders 1947-49=100.. 189.0 Shipments - -do 2 724 1,205 1 231 2 371 1,068 1 043 2 655 1,165 1 210 2 761 1,198 1 274 12 14 223 13 257 2 672 1, 217 1 211 125 7 134 8 136.7 139 6 94 8 116 4 126 8 130.8 135 5 96 3 121.4 104 3 141.7 137 1 96 4 120.2 99 3 134.3 130 3 100 4 354 1 536 4 331.2 330.9 159.4 347 9 502 3 370 8 369.8 160 4 333 8 506 4 341 3 338.4 163 3 357 0 485 0 375 4 378.1 160 6 322 8 430 6 364 8 364. 6 r 160 8 r 1 865. 0 1 693 0 11 052 0 880. 0 1 446 0 109. 8 87 2 127. 3 125. 4 102 3 120 0 70 0 136 0 138 0 107 0 T r r r 12 225 13 231 ••184 i1 871. 1 1i 815. 5 •• J1785. 6 804. 7 702. 7 738. 2 1 082 7 *•! 034 6 r JT 960 5 T l 822. 0 i 873 7 912. 1 1429 8 r 1 421. 4 *409 0 119.1 143.8 118.5 119.2 96 1 2 431 1,104 1 089 r 332 6 r 406 1 r 344 5 »• 342. 3 r 163 1 360 424 362 353 172 0 o 0 0 0 p 15. 38 15.38 15.38 15.38 15.38 15.38 15.38 15 38 300.4 181 4 295 0 293.5 88.3 335.7 179 6 344 3 344.1 99 1 301.6 169 5 307 0 303.4 94.5 333.2 168 4 333 2 335. 2 92 5 319.1 160 1 ••330 6 322.4 r 100 8 ' 290. 5 298 3 301. 6 97 3 332.0 156 0 342 0 332 0 108 0 532 5 543 i 122 2 570 4 559 3 133 3 514 0 528 7 118 5 582 1 578 4 122 2 559 5 543 5 138 2 514 2 552 4 100 1 558 6 513 6 145 0 518 9 510 9 153 1 388 8 138 5 137 3 402 5 154 3 153 5 434 9 140.6 141 1 476 9 154.0 153 4 467 7 142 5 142 4 443 6 139 2 137 7 407 6 157 7 158 9 387 2 150 7 151 6 7 7 449 8 102.5 8 5 518 5 114.0 80 513 0 111.8 87 516 4 114.8 88 510 0 112 3 10 2 523 5 112 2 89 551 1 113 1 80 591 7 119.6 1, 076. 5 464 5 992.3 98 77 425.2 485.4 480. 5 130 10 2 130 10 1 176 4 418 0 1, 232. 8 2 130 10 1, 077. 6 410 2 1, 073. 1 95 89 507.0 2 96 r r r 464.2 487 3 2 130 10 1,312.4 490 5 1, 256. 5 r 163 3 2 130 10 130 10 1 136 4 1 135 6 419 4 407 8 1 174 1 1,101 2 91 85 447.4 2 130 10 p2130 10 1 153 2 471 7 1 125 7 91 1 088 6 1 208 4 454 3 408 3 1 094 6 1 221 0 94 94 8,686 7,979 8,287 8,315 7,196 8,950 8,124 9,234 8,311 7,240 7 947 7,365 8 227 232.0 186.1 206.8 166.4 197.8 185.5 202.8 180.0 190.2 171.4 202.8 192.0 191.5 181.3 233.1 206.9 176.9 193 4 194.6 181 3 193.6 173 7 195.1 172 0 207.7 186.7 1,334 1,066 1,125 982 798 184 956 773 183 1,053 749 569 180 988 733 255 1 417 1 166 1 308 1 135 1 058 489 367 122 1 065 1 104 •• 44 095 98 069 r 42, 999 »• 52 082 94 508 r 52, 387 r 42 859 106 316 49, 757 .325 .321 .345 .365 »\333 90 602 88 158 r 69, 076 r 81 866 200, 793 197, 788 12 600 8 954 83 514 r 71 397 199, 334 6 726 93 764 r 72 260 202, 596 19 350 r 94 277 r 85 490 r 193, 724 17 319 PRINTING Book publication, total New editions number of editions. _ do 851 615 236 912 213 268 814 239 251 856 202 173 825 240 856 248 RUBBER AND RUBBER PRODUCTS RUBBER Natural rubber: Consumption _ _ _ _ _ long tons Stocks, end of month do Imports, including latex and guayule.-do Price, wholesale, smoked sheets (New York) dol. per lb__ Synthetic rubber: Production long tons Consumption __ do Stocks, end of month do Exports do .373 .345 .323 .304 .308 .335 .365 90, 488 3 r 75,082 145, 906 12, 958 94, 389 r 77, 715 150, 995 13, 670 91 602 ' 74, 479 155, 410 13, 261 93 740 r 76, 168 162, 682 14, 226 85 296 r 67, 626 171, 196 T 13 091 88 031 r 58, 046 188, 813 12 197 86 468 r 72, 394 192, 486 12 911 Reclaimed rubber: Production Consumption Stocks, end of month 27, 108 3 r 25, 524 31, 875 do do ..do 3 r 50, 199 111, 832 * '53, 844 r 49, 953 r 47, 369 f 48, 272 109, 974 r109, 822 r107, 324 51, 723 39, 804 53, 197 r 28 468 26, 128 33, 326 25 485 23, 517 34, 863 *• 43, 568 101 748 36, 694 22 103 20 523 35, 647 f 38, 287 «• 46 614 103 301 99 668 41, 404 40, 367 r r 45 130 T 52 631 116 469 r!01 758 57, 653 46 349 46 747 100 233 .311 83 77 185, 16 .315 234 943 501 878 20 009 20 548 r 25 053 21 833 20 793 r 20 698 r 24 053 22 853 36! 063 34. 969 ' 34. 552 3l! 895 ' Revised. v Preliminary. i Beginning January 1956, data exclude estimates for "tissue paper." 2 Not entirely comparable with data through February 1956; March 1956 price comparable with earlier prices is $130.25 « Revisions for January 1956 for consumption of natural, synthetic, and reclaimed rubber, respectively (long tons): 53,660; 78,285; 25,780. 4 Revisions are as follows (long tons): 1955—April, 61,213; June, 52,964; August, 59,971; 1956—January, 59,398. t Effective with the October 1955 SURVEY, items have been revised as follows: Construction paper (formerly included in the total for paper) is now combined with construction board; wet-machine board was formerly included with paperboard. ^Revisions for January-December 1954 appear in the March 1956 SURVEY. cf Revisions are as follows (units as above): October 1954, 417.8; May 1955, 447.9; June 1955, 449.8; October 1955: 453.7. §Revisions for January 1953-March 1955 will be shown later. r r 26 848 23 955 34, 360 r T r 19 776 18 065 35, 703 21 593 r 21 458 35, 512 r 22 368 20 205 36, 527 26 293 r 23 901 37. 904 r SUKVEY OF CURRENT BUSINESS S-38 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April May June July 1957 DecemOctober NovemAugust September ber ber January February March RUBBER AND RUBBER PRODUCTS—Continued TIRES AND TUBES Pneumatic casings:d" Production .. ._ - _. thousands 8,897 9,193 8,834 8,986 7,930 6,741 8,050 7,800 8,799 7,641 8,556 9,504 9,169 do do do do _ 7 473 '3,343 3 952 178 8 627 3,466 5 034 127 9 119 3,217 5 761 141 8; 880 2,770 5 980 130 9,289 2,533 6,627 129 9 298 2,833 6,319 145 8,644 2,302 6,178 163 6,952 1,553 5,238 162 7 776 2,908 4,703 165 7,518 3,516 3,881 121 7,548 3,579 3,803 166 ' 8, 874 3,496 ' 5, 195 183 8,539 3,363 5,049 127 20 933 142 21 562 106 21 132 165 21, 296 141 19, 947 154 17, 394 137 16, 794 207 17, 648 161 18, 775 169 18, 803 148 19, 872 163 20, 490 144 21, 008 144 do _ do 2,969 2,921 3,347 2,962 3,094 2,797 3,093 2,878 2,837 3,370 2,300 3,384 2,795 3,295 2,773 2,777 3,025 2,877 2,585 2,792 2,670 2,837 3,364 3,829 3,362 3,291 do _ do 6,547 142 6,848 !39 7,312 M7 7,657 138 7,349 141 6,418 84 5,962 76 6,056 96 6,469 73 6,250 53 6,109 76 5,789 32 5,960 78 Shipments total Original equipment - _Replacement equipment Export - - . -- Stocks end of month Exports Inner tubes :cf Production Shipments do - do - -. - Stocks end of month Exports _ _ _ _ _ STONE, CLAY, AND GLASS PRODUCTS PORTLAND CEMENT Production Percent of capacity Shipments Stocks, end of month: Finished _ _ Clinker thous of bbl thous of bbl _ _ _ do do 19 578 78 16 093 23 386 87 22 471 26 134 100 27 324 29 606 110 32 087 28 771 110 32 296 29, 498 109 31 598 30, 055 111 33 607 28, 643 109 30 173 29, 051 107 31 585 25, 869 98 22 906 24, 429 90 17 990 19, 308 71 11 930 28, 939 13, 873 29, 868 16, 151 28, 679 15, 951 26, 204 14, 222 22,685 12, 537 20, 598 11,059 17, 068 9,264 15, 532 7,969 13, 007 6,874 15, 973 •• 22, 441 9,326 7,476 29, 819 14, 171 536 072 455 350 611 058 541 423 627 494 624 747 671 629 661 456 646 423 632 217 648 127 618, 630 685 128 641, 400 603 572 571, 237 646 609 600 790 586 713 516 852 491, 766 397, 230 437 692 314 030 30.281 30. 398 30. 470 30. 565 30.946 30. 946 30. 668 30.668 30. 718 30. 718 30. 863 30. 863 157, 162 155, 027 173, 193 159, 463 117, 225 127, 755 126, 753 137, 290 164, 378 183, 461 168, 228 178, 007 190, 528 187, 421 173, 770 169, 118 192, 139 186, 756 180, 184 143, 149 163, 739 109, 313 166, 580 107, 907 63, 373 51, 331 68 058 54, 655 65,901 58, 666 64 762 61, 273 60,162 59. 471 65, 113 56,753 69,260 63, 405 64, 598 55, 507 64,079 60, 910 63 917 52, 006 55, 497 46, 069 54, 447 46, 451 10, 411 ' 11, 657 CLAY PRODUCTS Brick, unglazed: Production thous of standard brick Shipments do Price, wholesale, common, composite, f. o. b. plant dol per thous Clay sewer pipe, vitrified: Production Shipments __ Structural tile, unglazed: Production Shipments _ _ short tons do _ do _ do J> 30.817 GLASS PRODUCTS Glass containers: Production 11,128 11, 865 11, 985 12, 393 12, 606 12,203 13, 290 10, 032 13, 435 11, 934 Shipments domestic total do General-use food: Narrow -neck food do Wide-mouth food (incl. packers' tumblers, jelly glasses, and fruit jars) thous of gross 9 952 11 956 10 590 11 887 11 971 11 150 15 759 10, 331 14, 515 10 009 9,575 993 1 025 1,019 1 155 1,254 1,246 2 236 1,890 1,708 853 770 2,663 2,843 2,798 3,496 3,340 3,236 5,138 2,893 4,154 3,083 2,744 Beverage _ . . d o Beer bottles do Liquor and wine. _ _. do Medicinal and toilet do Chemical, household and industrial do Dairy products _ _. _ _ do 838 660 1,085 2,640 886 187 1,656 940 1,347 2,932 1,010 203 808 984 1,222 2,608 963 188 936 1,183 1,162 2,787 986 182 1,274 1,279 1,139 2,535 948 202 1,001 1,170 924 2,393 982 198 683 1,262 1,342 3,483 1,312 303 395 604 1,172 2,309 834 234 993 847 1,874 3,476 1,157 306 510 528 1,530 2,469 825 211 721 667 1,095 2,584 793 201 14,882 14, 516 15, 549 15, 673 15, 917 16, 518 13,685 13, 162 11, 741 13, 384 13, 924 thous. of gross Stocks, end of month do r 10, 022 r 11,057 9 697 948 892 «• 2, 997 2 830 484 577 515 508 '963 ' 2, 902 T 967 1,061 2 791 184 942 158 14, 976 16 107 GYPSUM AND PRODUCTS Crude gypsum, quarterly total: Imports thous. of short tons Production . ._ do 804 2,591 1,305 2,846 1,224 2,569 1 013 2,307 Calcined, production, quarterly total 2,208 2,367 2,110 1,861 do Gypsum products sold or used, quarterly total: Uncalcined uses „ __ __shorttons _ Industrial uses . _ __ _ Building uses: Plasters: Base-coat All other (incl. Keene's cement) Lath Wallboard All other O r 700, 029 819, 437 911, 118 926, 693 do 84, 574 88,369 77,685 83 481 do do 354, 421 271, 691 428, 129 356, 196 433, 807 381, 095 350 230 319 816 719.2 1, 286. 0 53.5 796.5 1, 227. 0 69.4 mil. of sq.ft.. do do --- - 601.6 1, 068. 1 55.8 - -- 530.0 1, 007. 8 47.2 Revised. *> Preliminary. 1 Data for January-June 1956 exclude exports of passenger-car inner tubes; such exports averaged 27,000 per month in 1955. cfData for 1954 for production, shipments, and stocks have been revised. Unpublished revisions (for January-May) are available upon request. O Comprises sheathing, formboard, tile, and laminated board. NOTE FOR MANMADE FIBERS AND MANUFACTURES, p. S-39— Fiber production (representing complete industry coverage) is according to data compiled by Textile Economics Bureau, Inc.; the total includes production of textile glass fiber, not shown separately. Noncellulosic fibers cover types other than textile glass; they include acrylic, nylon (polyamide), polyester, saran, protein, and others. Data for imports, exports, and for production of broad woven fabrics (industry totals) are compiled by 17. S. Department of Commerce, Bureau of the Census. Manmade fabric production comprises, in addition to items shown separately, broad woven fabrics of 100-percent glass, of saran mono filament, acrylic, and polyester fibers, and of paper, etc. Silk fabric production comprises broad woven fabrics of 100-percent silk and of silk mixtures. Statistics for 1955 are shown in the October 1956 SURVEY, p. S-38. SURVEY OF CUEEENT BUSINESS April 1957 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS S-39 1956 February March April May June July 1957 DecemAugust Septem- October November ber January February March TEXTILE PRODUCTS APPAREL Hosiery shipments thous. of dozen pairs ••13,443 Men's apparel, cuttings:^ Tailored garments; 1,860 Suits - thous. of units 288 Overcoats and topcoats do 5,664 Trousers (separate), dress and sport do._ Shirts (woven fabrics), dress and sport 2,060 thous. of doz.. Work clothing: 380 Dungarees and waistband overalls do 416 Shirts -- _do._ Women's, misses', juniors' outerwear, cuttings: 2,521 Coats thous of units 24, 189 Dresses _ . _ _do _ 1,663 Suits do 1,115 Waists, blouses, and shirts. thous. of doz. _ 12, 713 10,828 11, 094 11, 895 10,024 12, 996 12,496 14,189 14,006 10, 815 12, 126 11, 628 12,285 1410 i 5, 940 1,796 452 5,328 1,804 540 5,328 1 1, 925 1570 i 5, 760 984 308 3,792 1,860 540 4,992 1 1, 935 1550 i 5, 040 1,816 444 4,800 i 2, 090 1350 i 4, 500 1,688 260 4,224 2,068 248 5,520 1,820 244 5,136 12,285 1,812 1,836 1 1, 775 1,280 1,852 i 1, 905 1,948 i 1, 950 1,600 2,020 1,884 1345 1450 328 408 308 408 1290 1405 208 280 292 388 1240 1345 244 364 1200 1305 168 228 ••248 288 256 308 2,527 26, 203 1,165 1,167 1,264 26,001 599 1,004 1,323 25, 229 556 1,016 2,054 21, 236 864 983 2,398 16, 828 1,107 1,033 2,948 20,807 1,150 1,318 2, 527 17, 044 813 983 2,998 21, 543 913 1,366 2,236 20, 147 1,101 1,108 1,631 17, 306 917 846 2,317 21, 277 1,347 1,194 2,391 21, 709 1,411 1,246 410 1,513 5,535 9,709 COTTON Cotton (exclusive of linters) : Production: GinningsS thous of running bales Crop estimate, equivalent 500-lb. bales thous. of bales.. Consumption^ bales Stocks in the United States, end of month, total! thous of bales Domestic cotton, total ...do . On farms and in transit _ do Public storage and compresses do Consuming establishments -- do.. Foreign cotton, total do Exports! - bales.. ImportsJ do Prices (farm), American upland cents per Ib _ Prices, wholesale, middling, 1", average 14 marketsA .. cents per lb__ Cotton linters: Consumption thous. of bales Production .. do S tocks end of month _ do * 14, 542 < 14, 721 760, 017 1 916,176 722, 551 18, 102 *• 19, 296 *• r19, 236 18, 046 910 1, 017 r 16, 501 15, 439 ' 1, 717 1,697 56 ••60 99, 392 ••294,006 18, 131 8,618 31.0 31.6 15, 981 17, 029 15, 940 16, 983 652 762 13, 895 14, 664 1,393 1,557 41 46 361, 939 ••344,340 5,907 6,071 32.0 32.5 713, 289 i 809,814 12,385 2 12, 789 547, 480 686, 275 1 822, 180 732, 319 1880,549 14, 975 14,936 609 13,203 1,124 38 237, 722 4,452 32.3 14, 540 14, 501 791 12, 835 875 39 134, 625 1,987 32.4 26, 256 26, 222 13, 146 12,303 773 34 423, 297 3,555 31.1 24, 983 24, 954 9,804 14, 272 878 29 505,019 22, 278 32.5 23,602 22,224 23, 569 22, 193 6,269 3,845 16, 169 16, 935 1,131 1,413 33 31 596, 685 ••537,181 1,514 844 31.9 31.9 631, 507 3 5 13, 150 13,098 1 840, 567 684,366 20, 909 20, 878 2,890 16, 442 1,547 30 939, 080 10, 341 31.0 18, 768 18, 734 1,911 15, 204 1,619 35 790, 636 13, 285 30.2 17, 390 17, 345 1,638 14,031 1,676 45 « 13, 309 30.2 29.8 36.2 36.5 36.4 36.4 36.4 35.3 33.0 33.1 33.2 33.2 33.2 33.4 33.8 33. 8 153 187 ' 1, 499 152 149 1,459 153 111 1,371 157 76 1,260 138 44 1,095 134 36 999 155 53 855 130 157 872 155 216 935 129 202 969 127 171 979 128 187 991 113 152 1,000 45, 106 21, 371 2,734 51,124 17, 739 45, 535 18, 734 42, 507 18, 944 2,621 40, 429 15,508 29, 189 13, 615 37, 625 13, 884 ' 2, 357 39, 912 10, 552 45, 778 11,903 43, 800 10, 404 2,536 47, 289 11, 227 46,058 11, 430 30.68 36.4 18.0 18.3 29.88 36.4 17.0 18.3 29.59 36.4 16.4 18.0 29.25 36.4 16.1 18.0 28.54 36.4 16.0 17.8 28.92 36.4 15.9 17.4 30.18 36.4 15.8 17.0 29.68 36.4 15.7 16.8 30.75 36.4 16.3 17.3 30.37 36.4 16.1 17.3 29.80 36.4 15.9 17.3 29.19 36.4 15.9 17.0 28.31 *36.4 *15.8 »17.0 .713 1. 000 .713 .998 .708 .992 .698 .976 .693 .965 .686 .958 .684 .958 .680 .953 .691 .971 .691 .971 .687 .963 •-.684 .959 ». 677 *.952 Spindle activity (cotton system spindles) :1 Active spindles, last working day, total .thous.. ••20,984 20,888 19,428 19, 350 Consuming 100 percent cotton do Spindle hours operated, all fibers, total. ..mil. of hr._ «• 10, 355 1 12, 562 503 ••518 Average per working day do 9,633 1 11, 740 Consuming 100 percent cotton do 147.2 1 142. 8 20,827 19, 290 9,991 500 9,324 142.2 20, 492 20, 796 18, 954 19, 276 9,793 1 11, 459 490 458 9,128 1 10, 664 139.6 i 130. 6 20, 552 19,022 7,713 386 7,128 110.1 20, 308 20, 465 18, 780 18, 912 9,544 1 11, 436 477 457 8,849 1 10, 678 137.4 1 131. 8 439.3 216 2 110.3 90.4 61,615 61,048 96 8,478 61,546 6967 84 7,467 6 1, 569 6 1, 197 660 ••7,632 397.6 183.3 97.8 94.0 6 1, 727 6 1, 392 329 6,926 1,456 1,483 90 6,636 1,614 1,969 ••75 «• 5, 937 384.6 166.2 87.5 106.3 1,566 1,710 101 6,269 1,599 2,602 196 6,826 1,264 1,360 103 5,745 423.2 183. 9 102.7 109.2 1,993 3,054 122 10, 289 89.6 49.5 40.1 102.5 55.0 47.5 110. 6 61.0 49.6 118.9 64.0 54.9 123.3 67.5 55.8 120.8 67.0 53.8 115.8 63.7 52.1 109.2 61.1 48.1 106.3 62.2 44.1 107.5 62.2 45.3 104.6 58.2 46.4 105.6 59.2 46.4 .863 .316 .863 .316 .863 .316 .863 .316 .863 .316 .863 .316 .863 .316 .863 .316 .863 .316 .880 .316 .910 .316 i>.910 .316 17,834 557, 080 409, 468 70, 418 17, 696 13, 404 556, 519 381, 270 74, 645 17, 478 13, 836 11,896 COTTON MANUFACTURES Cotton cloth: Cotton broad-woven goods over 12 inches in width, production, quarterly^.. mil. of linear yd.. Exports - thous. of sq. yd Imports! do Prices, wholesale: Mill margins - - cents per lb._ Denim white back 28-inch, 8 oz/yd cents per yd Print cloth 39-inch, 68x72 . . .do Sheeting class B 40-inch, 48 x 44-48 do Cotton yarn, natural stock, on cones or tubes: Prices, wholesale, f. o. b. mill: 20/2 carded weaving dol per Ib 36/2 combed knitting -do 20, 343 20, 289 18, 839 18, 786 9,847 1 11, 952 492 478 9,162 1 11, 145 r 20, 231 20, 237 18, 786 18, 725 8,681 ••111,599 ••464 434 8,062 1 10, 790 43 196 28.01 20,161 18, 639 9,411 471 8,749 MANMADE FIBERS AND MANUFACTURES Fiber production, quarterly total* 9 mil. of lb_. Noncellulosic (nylon acrylic protein etc ) do • 1, 817 Exports* Yarns and mono filaments* thous oflb • 1, 472 Staple tow and tops* do 101 Imports* Yarns and monofilaments* do 8 11, 042 Staple tow and tops* do Kayon and acetate: 82.3 Stocks, producers', end of month, totaL.mil. of lb__ 46.1 Filament yarn do 36.2 Staple (incl tow) .do Prices, rayon, viscose: .863 Yarn filament 150 denier dol per Ib .326 Staple 1 5 denier do Manmade broad woven fabrics: Production ouarterlv total* Q thous of linear yd Exports, piece goods* thous. of sq. yd.. SILK 16, 543 624, 119 457, 996 84, 398 19, 535 16,335 12,633 ••491,489 ••353,882 r 61, 237 15,385 15,522 16, 136 769.8 737.7 1,473 3,450 86 9,485 761.3 ?31.9 2,021 1,871 - 954 1,188 874 1,059 1,129 1,123 1,180 778 489 1,193 1,046 ••1,106 Imports, raw thous. of lb_ 4.41 4.44 4.53 4.53 4.57 4.49 4.63 M.57 4.54 4.65 4.45 4.36 4.36 Price raw AA 20~22 denier dol per Ib 9,017 8,359 8,490 9,451 Production, fabric, atrlv. total*. __ "thous. of linear yd_. r 2 4 6 Revised. » Preliminary. i Data cover a 5-week period. Ginnings to December 13. 3 Qinnings to January 16. Total ginnings of 1955 crop. Total ginnings of 1956 crop. 6 Data for January-June 1956 exclude certain exports which are included for other periods: (Yarns) excludes thread and handwork yarns which averaged 24,000 Ibs. per month in 1955; (staple, etc.) excludes sliver, tops, and roving which averaged 33,000 Ibs. per month in 1955. 7 Production for month shown. 8 Revision for January 1956, 8,975,000 Ibs. IData for March, June, September, and November 1956 and January 1957 cover 5-week periods (except data for men's apparel cuttings for January 1957 which cover 4 weeks) and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period covered. §Total ginnings to end of month indicated, except as noted. {Scattered revisions for 19541955 will be shown later. AEffective August 1,1956, middling 1" became the base quality for spot cotton quotations, replacing middling 1 Mc // . Comparable prices for I", back to August 1951, are available upon request. cf The operation rate is calculated on a 5-day, 80-hour week without any adjustment for holidays. Current data are withheld pending a revision of the series. *New series. See descriptive note at bottom of p. S-38 for sources; data for 1955 are shown in the October 1956 SURVEY, p. S-38. 9 Includes data not shown separately. SURVEY OF CUEEENT BUSINESS S-40 Unless otherwise stated, statistics through 1954 and descriptive notes are shown in the 1955 edition of BUSINESS STATISTICS April 1957 1956 February March April June May 1957 DecemAugust SeptemOctober November ber ber July January February March TEXTILE PRODUCTS—Continued WOOL AND MANUFACTURES Wool consumption, mill (clean basis) :J Apparel class thous. of Ib ' 25, 479 i 29, 423 25, 018 12, 110 ' 13, 406 i 14, 452 Carpet class __ _ _ _ _ do ' 29, 949 28, 966 * 23, 267 Wool imports, clean content __ __ do 14, 310 Apparel class (dutiable), clean content do 12, 767 11, 244 Wool prices, wholesale, raw, clean basis, Boston: 1.321 1.298 Territory, 64s, 70s, 80s dol. per Ib 1.280 1.046 1.005 1.078 Bright fleece, 56s-58s_ _ _ do 1.325 1.325 1.325 Australian, 64s, 70s, good topmaking, in bond__do Knitting yarn, worsted, 2/20s-50s/56s, Bradford system, 1.856 1.869 1.856 wholesale price dol. per Ib Woolen and worsted woven goods, except woven felts: Production, quarterly, total thous. of lin. yd._ Apparpl fabrics total do Other than Government orders, total do Men's and boys' do 24, 674 i 28, 303 21, 558 7,150 11, 424 i 11, 800 23, 713 ' 18, 393 'r18, 893 14, 219 ' 8, 065 8, 131 112.1 97.3 112.1 97.3 20, 697 '126,531 10, 706 i 14, 863 14, 592 24,285 6,817 10, 506 22, 326 12, 796 1.295 1.039 1.375 1.312 1.045 1.412 1.341 1.045 1.425 1.381 1.069 1.425 1.475 1.131 1.425 1.525 1.168 1.450 1.625 1.195 1.525 1.625 1.195 1.525 1.625 1.188 1.575 1.856 1.856 1.869 1.880 1.891 1.963 1.997 2.045 2.117 » 2. 117 115.4 97.3 115.4 97.3 87, 894 85, 147 84, 713 42, 822 41, 891 2,747 112.1 97.3 24,423 i 25, 450 12, 787 i 11, 533 14, 417 19, 034 5,324 5,657 1.282 1.033 1.325 82, 738 79, 261 78, 465 39, 345 39, 120 3,477 Nonapparel fabrics total do Prices, wholesale, suiting, f. o. b. mill: Flannel, men's and boys' 1947-49=100 Gabardine, women's and children's.— do 24, 353 i 26, 574 12, 145 i 13, 398 19, 688 15, 209 8,034 5,360 113.2 97.3 113.2 97.3 79, 975 77, 393 76, 770 37, 753 39, 017 2,582 112.9 97.3 112.9 97.3 1.622 1.170 1,575 76, 383 73, 375 71, 935 36, 497 35,438 3,008 112.9 97.3 112.9 97.3 114.0 97.3 114.0 97.3 TRANSPORTATION EQUIPMENT AIRCRAFT Civil aircraft (complete), shipments Airframe weight __ ._ Exports cf number thous. of Ib number 614 1, 265. 4 117 656 1, 200. 4 r 110 692 1, 219. 6 -163 507 648 714 1, 354. 7 1, 445. 8 1,151.0 '130 150 ' 159 681 1, 581. 9 148 613 1, 370. 4 143 508 1,568.6 185 472 1, 520. 7 138 563 1,413.7 137 663, 586 278 274 560, 924 536, 680 102, 384 83, 752 689, 982 434 405 583, 169 554. 761 106, 379 86, 996 654, 333 371 360 552, 881 529, 945 101, 081 82, 400 570, 486 362 304 474, 010 459, 070 96, 114 77, 593 522, 018 307 220 440, 980 429, 813 80, 731 63, 044 503, 276 429 397 417, 020 410, 164 85, 827 68,809 275, 555 368 364 203, 888 202, 159 71, 299 56, 852 445, 122 298 291 352, 140 341, 779 92, 684 77, 533 667, 187 233 186 576, 708 556, 931 90, 246 74, 870 700, 740 '719,431 '662,028 p2668,700 269 '238 p2456 228 234 257 103 617, 599 628, 045 '570,023 ^2579,100 598, 394 r610, 678 556, 930 91, 117 ' 91, 767 p289, 200 82, 913 73, 693 66, 123 r 73, 208 584 523 1, 574. 9 1, 554. 0 112 146 MOTOR VEHICLES Factory sales, total Coaches, total Domestic Passenger cars, total Domestic Trucks, total Domestic _. __. ._ number do do do do do do r 538, 052 503 471 445, 758 433, 859 91. 791 73, 463 r 41, 007 ' 50, 280 r 35, 779 ' 33, 089 r 31, 483 ' 25, 881 26, 179 ' 20, 596 ' 19, 050 ' 23, 445 13, 139 4,583 9,339 r 7,078 14, 717 ' 14, 146 19, 709 5,630 23, 631 r 30, 170 20, 110 ' 16, 170 ' 18, 372 ' 17, 337 ' 16, 542 19, 101 ' 16, 013 r 13, 420 r 10, 306 17, 376 30, 258 14, 751 15, 507 4,786 4,594 2,544 192 4,171 3,999 2,098 172 5,032 4,783 2,625 249 424 414 76 052 403, 948 66, 983 514, 061 65, 698 437, 320 56, 979 438, 725 62, 129 3,458 1,835 1,821 1,623 5,666 3,728 3,728 1,938 6,740 4,367 4,322 2,373 7,260 4,272 4,272 2 988 7,822 4,686 4,686 3,136 7,655 4,576 4,576 3,079 681 672 48 43 715 700 46 42 706 684 26 25 791 679 5 5 842 724 9 5 840 728 9 3 832 732 23 11 1,704 77 4.5 109, 051 47, 955 61, 096 1,704 74 4.4 106, 739 46, 246 60, 493 1,704 70 4.1 109, 079 49, 875 59, 204 1,703 68 4.0 111, 298 52, 470 58, 828 1,705 68 4.0 108, 327 49, 227 59, 100 1,708 68 4.0 103, 535 46 982 56 553 1,712 71 4.1 101, 611 45, 035 56, 576 1,716 72 4.2 100, 339 42, 921 57, 418 772 16.8 740 16.5 721 16.6 737 17.3 529 13.6 586 15.3 553 15.1 514 14.6 595 17.3 885 796 849 739 737 728 743 814 787 867 42 52 73 57 52 63 97 101 69 49 do do do Truck trailers, production, total__ . __ Complete trailers Vans Trailer chassis _ _ do do do do 6,424 6 207 3 815 217 6,866 6,487 3 797 379 7,155 6,802 4 165 353 7,196 6,759 3 975 437 6,979 6,538 3,725 441 5,222 4,960 2,818 262 6,018 5,668 3,273 350 4,854 4,492 2,475 362 5,478 5 122 2 93Q 356 do do 447, 542 65, 478 545, 234 77, 220 564, 272 82, 699 560, 014 84, 997 539, 777 78, 501 534, 997 78, 404 568, 320 79, 831 421, 021 72, 420 4 995 3,266 3 264 1 729 5 995 4,372 4,332 1,623 5,967 4,152 4,128 1,815 6,723 4,549 4,493 2,174 5,607 3,318 3,261 2,289 5,370 3,143 3,117 2,227 5,525 2,944 2,783 2,581 858 837 53 53 812 784 54 54 793 764 25 25 740 720 53 44 758 737 40 36 729 715 29 22 1,697 70 4.1 122, 095 54, 391 67, 704 1,699 70 4.1 119, 698 52, 861 66, 837 1,701 70 4.1 116, 694 51, 651 65, 043 1,702 67 3.9 112, 226 49, 771 62, 455 984 18.4 925 17.8 793 16.1 859 938 85 88 Kegistrations: New passenger cars New commercial cars . r 23, 534 10,638 12, 896 43, 522 21,643 21, 879 Exports tota!0 Passenger cars _ Trucks and buses® RAILWAY EQUIPMENT American Railway Car Institute: Freight cars: Shipments, total number Equipment manufacturers, total _ do Domestic - do Railroad shops, domestic do Passenger cars, equipment manufacturers: Orders unfilled, end of month, total do Domestic do Shipments, total. _ __ __ _ do Domestic do Association of American Railroads: Freight cars (class I), end of month: § 1,696 Number ownedO _____ _ _ thousands 76 Undergoing or awaiting classified repairs do 4.5 Percent of total owned 127.030 Orders, unfilled© number 57, 644 Equipment manufacturers. _ do 69 386 Railroad shops do Locomotives (class I), end of month: O Steam, undergoing or awaiting classified repairs 1,069 number _ 19.2 Percent of total on line Diesel-electric and electric: Orders, unfilled 897 number of power units Exports of locomotives, total _ number . 41 2 f Revised. *> Preliminary. i Data cover a 5-week period. Preliminary estimate of production. H Data for March, June, September, and November 1956 and January 1957 cover 5-week periods; other months cover 4 weeks. cfExports revised beginning January 1954 to include 2 types of aircraft formerly classified as "special category" and therefore excluded from the total. ® Data beginning January 1956 include exports of "used" special-purpose vehicles not included in earlier data; exports of these types averaged 26 vehicles per month in 1955. Revisions; (number):Total—October, 1954,22,216; 1955—January,38,743; September,23,190; October,23,397; December, 38,728; trucks, etc., October 1954, 15,859; 1955—January, 17,073; September, 13,421 October, 14,542; December, 16,043. § Excludes railroad-owned private refrigerator cars. ©Data beginning December 1955 reflect reclassification of reporting roads to revised ICC list of class I line-haul railroads; comparability with earlier data, based on ownership, is affected by less than 1 percent. NOTE: Beginning with the October 1956 SURVEY, figures for shipments of industrial trucks and tractors will be found on p. S-34 in the Machinery and Apparatus Section. ff. S. GOVERNMENT PRINTING OFFICE: 1957 •INDEX TO MONTHLY BUSINESS STATISTICS, Pagc8 81-840* Pages marked S Acids _ _ .... 24 Advertising.. 8,9 Agricultural employment 11 Agricultural loans and foreign trade. __ 16,17,21,22 Aircraft and parts ... j_ 2,12,13,14,15,40 Airline operations 23 Alcohol, denatured and ethyl. 24 Alcoholic beverages 2,6,8,27 Aluminum _ _. 33 ; Animal fats, greases, and oils 25 Anthracite 11,13,14,15,34 Apparel 2,3,6,8,9,10,12,13,14,15,39 Asphalt and asphalt products 36 Automobiles 2,3,8,9,12,13,14,15,16,17,22,40 Bakery products 2,12,13,14,15 Balance of payments 21 Banking _ _ 14,16 Barley _ 28 Barrels and drums 32 Battery shipments 34 Beef and veal . 29 Beverages 2,6,8,12,13,14,15,27 Bituminous coal 11,13,14,15,35 Blast furnaces, steel works, etc 12,14,15 Blowers and fans 34 Bonds, issues, prices, sales, yields 17,19,20 Book publication _._ _._ 37 Brass and bronze •_ 33 Brick... „ 38 Brokers* loans and balances 16,19 Building and construction materials 8,9,10 Building costs 8 Business incorporations, new 5 Business sales and inventories 3 Butter 27 Cans (metal), closures, crowns _ 32 Carloadings 23 Cattle and calves _ 29 Cement and concrete products 6,38 Cereals and bakery products 6,12,13,14,15 Chain-store sales (11 stores and over only) 10 Cheese 27 Chemicals __ 2,3,4,6,12,13,14,15,19,22,24 Cigarettes and cigars 6,30 Civilian employees, Federal 12 Clay products (see also Stone, clay, etc.) 6,38 Coal '. 3,6,11,13,14,15,22,23,34,35 Cocoa _ _ . _ 22,29 Coffee. 22,30 Coke.__ _ 23,35 Commercial and industrial failures 5 Communications ... 11,13,14,15,19,20,24 Confectionery, sales -29 Construction: Contracts awarded . 7 Costs --8 Dwelling units 7 Employment, earnings, hours, wage rates.11, 13,14,15 Highways and roads 7,8,15 New construction, dollar value 1,7 Consumer credit 16,17 Consumer durables output, index 3 Consumer expenditures . ._1,9 Consumer price index ;_. 6 Copper 22,33 Copra and coconut oil 25 Corn 28 Cost-of-living (see Consumer price index) _—— 6 Cotton, raw and manufactures, 2,5,6,22,39 Cottonseed, cake and meal, oil 25 Credit, short- and intermediate-term 16,17 Crops 2,5,26,28,30,39 Crude oil and natural gas 3,11,13,14,15 Currency in circulation L 18 Dairy products 2,5,6,12,13,14,15,27 Debits, bank ._16 Debt, United States Government _. 17 Department stores 9,10,11,17 Deposits, bank 16,18 Disputes, industrial 13 Distilled spirits 27 Dividend payments, rates, and yields 1,19,20 Drug-store sales 9,10 Dwelling units, new 7 Earnings, weekly and hourly 14,15 Eating and drinking places 9,10 Eggs and poultry 2,5,29 Electric power 6,26 Electrical machinery and equipment 2, 3,6,12,13,14,15,19,22,34 Employment estimates and indexes 11,12 Employment Service activities 13 Engineering construction 7,8 Expenditures, United States Government 17 Explosives 25 Exports (see also individual commodities) 21,22 Express operations 23 Failures, industrial and commercial 5 Farm income, marketings, and prices 1,2,5,6 Farm wage* 15 Fats and oils, greases 6,25 26 Federal business-type activities 17 Federal Government finance 17 Federal Reserve banks, condition of . 16 Federal Reserve reporting member banks 16 Fertilizers.. 6,25 Fire losses 8 Fish oils and ash . 25,30 Flaxseed. 26 Flooring.. — 31 Flour, wheat..... _ 29 Food products 2,3,4. 5, 6,8.9.10,12,13,14 15,18,22,27,28,29 ,30 Pages marked S Foreclosures, real estate......_ 8 Foreign trade indexes, shipping weight, value by regions, countries, economic classes, and commodity groups _. 21,22 Foundry equipment 34 Freight carloadings 23 Freight cars (equipment) 40 Freight-car surplus and shortage . __ 23 Fruits and vegetables 5,6,22,28 Fuel oil 35 Fuels 6,34,35 Furnaces 34 Furniture 2,3,6,9,10,12,14,15,17 Furs _. _ 22 Gas, prices, customers, sales, revenues 6,27 Gasoline ____ 9,36 Glass products._._ 38 Generators and motors . 34 Glycerin 24 Gold...... _ 18 Grains and products. 5,6,22,23,28,29 Grocery stores 9,10 Gross national product.. 1 Gross private domestic investment .. 1 Gypsum and products 6,38 Hardware stores 9 Heating apparatus 6,34 Hides and skins 6,22,30 Highways and roads 7,8,15 Hogs 29 Home Loan banks, loans outstanding 8 Home mortgages 8 Hosiery 39 Hotels __ 11,13,14,15,24 Hours of work per week 12,13 Housefurnishings 6,8,9,10 Household appliances and radios 3,6,9,34 Imports (see also individual commodities) 21,22 Income, personal — 1 Income and employment tax receipts . 17 Industrial production indexes 2,3 Installment credit 16,17 Installment sales, department stores 10 Instruments and related products..2,3,12,13,14,15 Insulating materials .. 34 Insurance, life . .... 18 Interest and money rates . 16 International transactions of the U. S 21,22 Inventories, manufacturers' and trade 3,4,10,11 Iron and steel, crude and manufactures __ 2, 6,8,12,14,15,19.22,32,33 Kerosene . Labor disputes, turnover Labor force Lamb and mutton Lard. Lead Leather and products 35 13 11 29 29 33 2, 3,6,12,13,14,15,30,31 Linseed oil 26 Livestock.._ ._ _.. 2,5,6,23,29 Loans, real estate, agricultural, bank, brokers' (see also Consumer credit) 8,16,17,19 Locomotives 40 Lubricants 36 Lumber and products 2, 3,4,6,8,9,10,12,14,15,18,31,32 Machine activity, cotton 39 Machine tools ___ 34 Machinery. 2,3,4,5,6,12,14,15,19,22,34 Magazine advertising 8 Mail-order houses, sales 11 Manmade fibers and manufactures.. 6,39 Manufacturers' sales, inventories, orders 3,4, 5 Manufacturing production indexes 2,3 Manufacturing production workers, employment, payrolls, hours, wages 11,12,13,14,15 Margarine 26 Meats and meat packing 2,5,6,12,13,14,15,29 Medical and personal care 6 Metals 2,3,4,5,6,11,12,13,14,15,19,32,33 Methanol _...-. 24 Milk 27 Minerals and mining 2,3,11,13,14,15,19,20 Monetary statistics _. 18 Money supply __. 18 Mortgage loans _ 8,16,18 Motor carriers . 23 Motorfuel _. 36 Motor vehicles 6,9,19,40 Motors, electrical. 34 National income and product. 1 National parks, visitors 24 National security 1,17 Newspaper advertising ; 8,9 Newsprint 22,37 New York Stock Exchange, selected data 19,20 Nonferrous metals 2,6,12,14,15,19,22,33 Noninstallment credit 17 Oats..... _.. 28 Oil burners.-. ___ 34 Oils and fats, greases 6,25,26 Orders, new and unfilled, manufacturers* 5 Ordnance 11,12,14,15 Paint and paint materials 6,26 Panama Canal traffic 23 Paper and products and pulp 2, 3,4,6,12,13,14,15,18,36,37 Passports issued . 24 Payrolls, indexes _. 12 Personal consumption expenditures 1,9 Personal income. _ _ . _ _ . 1 Personal saving and disposable income 1 :__ Pages marked S Petroleum and products 2, 3,6,12,13,14,15,19,22,35,36 Pig iron __ _ 32 Plant and equipment expenditures 2,19 Plastics and resin materials 26 Plywood _ _ _ _ . ... "... 32 Population 11 Pork ._ 29 Postal savings 16 Poultry and eggs 2,5,29 Prices (see also individual commodities): Consumer price index 6 Received and paid by farmers 5 Retail price indexes.. .___ 6 Wholesale price indexes _ _ _ _ _' _ 6 Printing and publishing 2,3,12,13,14,15,37 Profits, corporation. 1,18,19 Public utilities 2, 6, 7,11,13,14,15,18,19,20,26,27 Pullman Company 24 Pulp and pulpwood _ 36 34 ng power of the dollar 7 Radiators and convectors 34 Radio and television 3,6,8,34 Railroads.. 2,11,12,13,14,15,19,20,23,40 Railways (local) and bus lines.. .... 11,13,14,15,23 Rayon and acetate.. . 39 Real estate _._ ._._.__.. 8,16 Receipts, United States Government 17 Recreation 0 Refrigeration appliances, output . 34 Rents (housing) 6,9 Retail trade, all retail stores, chain stores (11 stores and over only), general merchandise, department stores 3,5,9,10,11,13,14,15,17 Rice , 28 Roofing and siding, asphalt 36 Rubber (natural, synthetic, and reclaimed), tires and tubes. 6,22,37,38 Rubber products industry, production index, sales, inventories, prices, employment, payrolls, hours, earnings.._____ 2,3,4,6,12,13,14,15 Rye . . 28 Saving, personal ._ ._ 1 Savings deposits.. _,_, 16 Securities issued _ 19 Services 1,9,11,13,14,15 Sewer pipe, clay 38 Sheep and lambs 29 Ship and boat building !.__._."_I""l2^13,14,15 Shoes and other footwear.. 6,9,10,12,13,14,15,31 Shortening ^ 26 Silk, imports, prices, production __ 6,39 Silver ig Soybeans and soybean oil 26 Spindle activity, cotton 39 Steel ingots and steel manufactures (see also Iron and steel) 2,32,33 Steel scrap 32 Stocks, department stores 11 Stocks, dividends, prices, sales, yields, listings. 20 Stone, and earth minerals 3 Stone, clay, and glass products 2, 3,4,12,14,15,19,38 Stoves 34 Sugar _ _ _ _ I _ ~ _ _ _ I I I _ _ I 22,30 Sulfur. . _ 25 Sulfuric acid . __I.I___ 24 Superphosphate. 25 Tea. ... . 30 Telephone, telegraph, cable, and radio-telegraph carriers-. 11,13,14,15,20, 24 Television and radio. 3,6,8,34 Textiles 2, 3,4,6,12,13,14,15,18,22,39,40 Tile _ 38 Tin 22,33 Tires and inner tubes 6,9,10,12,13,14,15,38 Tobacco and manufactures 2, .3,4,5,6,8,12,13,14,15, 22,30 Tools, machine .___ 34 Tractors 22,34 Trade, retail and wholesale _ 3, 5,9,10,11,13,14,15,17,20 Transit lines, local 23 Transportation and transportation equipment. 2, 3,4,5,6,9,11,12,13,14,15,19, 23,24,40 Travel 24 : Truck trailers "I ~ 40 Trucks __II"I"IIIIII"~2,34,40 Unemployment and compensation 11,13 United States Government bonds. _ 16,17,18,19, 20 United States Government finance 17 Utilities _ _ _ _ _ _ 2,6, 7,11,13,14,15,19, 20,26,27 Vacuum cleaners Variety stores... Vegetable oils , Vegetables and fruits.. ____ Vessels cleared in foreign trade. Veterans'benefits _ 34 9,10 25, 26 5,6,22,28 23 13,17 Wages and salaries ___ ___ 1,14,15 Washers _._ 34 Water heaters .___._ 34 Wax ... 36 Wheat and wheat flour 28,29 Wholesale price indexes 6 Wholesale trade 3,5,11,13,14,15 Wood pulp 36 Wool and wool manufactures 2,5,6,22,40 Zinc- 33 UNITED STATES PENALTY FOR PRIVATE USE TO AVOID PAYMENT OF POSTAGE, f3OO (GPO) GOVERNMENT PRINTING OFFICE DIVISION OF PUBLIC DOCUMENTS WASHINGTON 25, D. C. OFFICIAL, BUSINESS First-Class Mail Supplement to the Survey °f Current Kuswess Y SINCE 1929 * FIRST COMPREHENSIVE ACCOUNT OF THE WIDELY USED STATE INCOME SERIES * PERSONAL INCOME BY STATE, BY TYPE, AND BY INDUSTRY—SINCE 1929 ^^ * ANALYSIS OF GEOGRAPHIC INCOME CHANGES • PROCEDURES AND DEFINITION!^ THIS NEW VOLUME—229 pages, quarto, illustrated, $1.50—will be available from the Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C., as well as at all Field Offices of the U. S. Department of Commerce.