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AUGUST 1961

survey of




CURRENT
BUSINESS

U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS

SURVEY OF CURRENT BUSINESS
VOL. 41, NO. 8

AUGUST 1961

U.S. Department of Commerce
Luther H. Hodges
Secretary
Office of Business Economics
M. Joseph Median
Director

Contents
BUSINESS REVIEW

Louis J. Paradiso
Managing Director

PAGE

Summary
Employment up, unemployment rate unchanged—Further rise in
income—Retail trade shows mixed trends—'Rise in construction
activity—Defense buildup
Manufacturing Activity, First Half of 1961

NATIONAL PRODUCT AND INCOME RECOVERS IN SECOND
QUARTER

1

5
9
10

United States Assets and Investments Abroad
Private Capital Outflow at Peak in 1960
Direct Investments Abroad
Industry Developments
Other Private Foreign Investments

20
20
24
25

Manufacturers' Inventory and Sales Expectations
A Progress Report on a New Survey
Sales Anticipations
Inventory Anticipations
Condition of Inventories

27
2&
28
29

NEW OR REVISED STATISTICAL SERIES
Inventory-Sales Ratios of Manufacturing and Trade Firms. .

32

MONTHLY BUSINESS STATISTICS
General

S1-S24

Industry

S24-S40

Subject Index

Inside Back Cover

K. Celeste Slol
Statistics Editt

Billy Jo Dawkins
Graphics

2

ARTICLES
Consumer Incomes Up in All Regions in 1960
Industrial Developments.

Muvray F. Foss
Editor

STAFF CONTRIBUTORS
TO THIS ISSUE

Business Review and Feature:
Lawrence Bridge
Dorothea S. Jones
National Product and Income:
Harold Wolozin
Articles:
Robert E. Graham, Jr.
Edwin J. Coleman
James M. Lazard
Edward A. Trott, Jr.
Mae B. Rothery
Samuel Pizer
Frederick Cutler
Julius N. Freidlin

Murray F. Foss
Marie P. Hertzberg
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U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., U.S. Courthouse.
CHapel 7-0311.
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JAckson 2-4121.
Boston 10, Mass., Room 230, 80 Federal St. CApitol
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TL 3-4216.
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End Broad St. RAymond 2-7771.
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Richmond 9-4711.
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Miami 32, Fla., 14 NE. First Avenue. FRanklin 7-2581.
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New York 1, N.Y., Empire State Bldg. LOngacre 3-3377.

Philadelphia 7, Pa., Jefferson Bldg., 1015 Chestnut St.
WAlnut 3-2400.
Phoenix, Ariz., 137 N. Second Ave. ALpine 8-5851.
Pittsburgh 22, Pa., 107 Sixth St. GRant 1-5370.
Portland 4, Oreg., 217 Old U.S. Courthouse Bldg.
CApital 6-3361.
Reno, Nev., 1479 Wells Ave. Phone 2-7133.
Richmond 19, Va., Parcel Post Bldg. Milton 4-9471.
St. Louis 1, Mo., 910 New Federal Bldg. MAin 1-8100.
Salt Lake City 1, Utah, 222 SW. Temple St. DAvis
8-2911.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
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A Dams 2-4755.
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Mutual 2-3300.

By the Office of Business Economics

"DL

uauon
tit

B.

July increases in employment, and
income from production, after allowing
for the usual summer lull, were generally somewhat smaller than had occurred in the spring months. Such a
development should not be considered
unusual in view of the sizable advances
during the second quarter.
The recovery, at the present time,
extends over a broad range of demand
categories; however, the rates of increase vary considerably. In some
cases the forces making for large contributions to the business revival, such
as the switch from inventory cutting
to accumulation and the pickup in
GNP ct New High in Current Dollars
automobile demand from the low first
Biiiion $
quarter rate, have lessened in their
550
GROSS NATIONAL PRODUCT
intensity. On the basis of the survey
described later in this issue, it appears
1960 Dollars
that manufacturers are planning an
500
increase in their inventories in the
current quarter. Other factors now
discernible, which are contributing sig450
nificantly to rising output and income,
Current Dollars
include the stepped-up rate of government spending, the increase in resi400
1957 1958 1959 1960 1961 1962 dential building activity, and a firming
Quarterly Totals, Seasonally Adjusted, at Artnuai Rates
in business plant and equipment
spending.

BUSINESS activity continued to advance in the early part of the summer
following the sharp pickup in the spring
from the first quarter low. While
seasonal movements dominated most
of the broad indicators, most July
measures, after seasonal adjustments,
were above June and higher than the
second quarter averages. Personal income and employment increased and
further gains were made in industrial
production and construction activity.
Price stability continued to characterize the major markets.

All Major Components of Domestic Demand
Employment up, unemployment

Increase in Second Quarter

I

r

i

!

I

Change From 1st to 2nd Quarter 1961

GNP
Total

Inventory
Change

Government
'/////[

Fixed Investment

Net Exports

-5

0

5

10

15

Billion $
Seasonally Adjusted, at Annual Rates
U. S. Department
of Commerce, Office of Business Economics



61-8-1

rate

unchanged

Employment in nonfarni establishments declined by less than the usual
amount in July. Seasonally adjusted
nonfarni employment of 53.4 million
in July represented the fourth successive month of increase and matched
the year-ago rate for the first month
this year. Average factory hours
worked per week also increased a little
after adjustment. The number of
persons out of work declined, but by
no more than is usual, so that the rate
of unemployment continued unchanged
at close to 7 percent of the civilian
labor force for the eighth month in a
row.

The major industries showed either
no change or small increases in employment in July, and the rise in the
nonfarm total was not quite so large
as the average monthly increase in the
second quarter. This was particularly
true of manufacturing where durable
goods extended the employment gain
while nondurables evidenced a leveling
out. Seasonally adjusted hours of work
advanced in hard goods industries, but
were off in nondurables.
Further rise in income

Personal income in July, including
a special life insurance dividend payment to veterans, totaled $422 billion
at an annual rate, an increase of $4)£
billion from the June rate. Of this
rise, about $2 billion came from higher
payrolls, particularly in commodityproducing and service industries. Almost all of the remaining increase was
attributable to the special dividend
payment; changes in other types of
income were generally small.
Personal income, excluding the veterans' dividend, at $419 billion was
about $15 billion above a year ago and
$6 billion above the second quarter
average. It may be recalled that a
similar payment in March caused an
unusual spurt in March personal income, but its disappearance in the
following month was more than offset
by rising payrolls and other earnings.
Retail trade shows mixed trends

Consumer buying of goods has continued to lag relative to the flow of
income. Retail store sales, after seasonal adjustment, were off a little in
July, and about the same as a year ago.
The rate for the month was about the
same as the second quarter monthly
average, in contrast to the previously
noted increase in personal income.
Changes by kinds of business were
quite mixed. Department store sales

SURVEY OF CURRENT BUSINESS
rose by about 2 percent over June and
about the same percentage over a year
ago, while sales of other nondurables
stores eased somewhat from the June
rate. Sales at automobile dealers were
off as consumer purchasing of new cars
dropped from earlier highs, but sales of
other durable goods improved in July.
Rise in construction activity

Total construction outlays, seasonally
adjusted, rose again in July to an annual
rate of almost $59 billion, exceeding the
previous high that had been reached in
the middle of 1959. The increases reflected a continuation of the expansion
in private residential activity and a
pickup in public expenditures. Private
expenditures other than residential were
little changed over the month. With
the latest increases the third quarter
thus begins with total expenditures
some $2)4 billion higher, at a seasonally
MANUFACTURING PRODUCTION
Recovery Is Widespread, Featured
by Sharp Advances for Most Groups
Percent Change From—•
1st Qtr. 1960 to
Jan.-Feb. 1961 Avg.
Jan.-Feb. 1961 Avg. &£
To June 1961
•
-30 -20
-10
0
10
20
30

Textile, Apparel, and
Leather Products

adjusted annual rate, than they averaged in the second quarter of this year.

terially augment the increases projected
earlier in the year.
A large part of the additional defense
Defense buildup
money is scheduled for procurement of
Congressional action earh^ in August new weapons and equipment, many of
on the President's request for added which have relatively short lead times.
funds to strengthen the Nation's de- The remainder would be allotted for
fenses will result in a further step-up additional personnel, operating and
in defense outlays in the near future. maintenance outlays, and civil defense.
In the fiscal year just ended, expendi- As pointed out in the subsequent distures for national defense purposes cussion on manufacturing activity, detotaled $46.8 billion (GNP basis) and fense orders had already been expanded
increased to an annual rate of $48.8 during the first 6 months of 1961 as a
billion in the April-June quarter of result of the speedup in defense pro1961.
The new requests would ma- curement earlier this year.

Manufacturing Activity, First Half of 1961
JC1 ACTORY operations have turned
around briskly from the winter lows.
Shipments and new orders received in
June were 8 percent and 9 percent,
respectively, above January, after seasonal adjustment, and compared favorably with year-earlier rates.
Increases in shipments and new
business received have been pervasive
throughout the major industries, and
have extended to both defense and nondefense goods. With new orders somewhat larger than sales, particularly in
the durable goods industries, the backlog of unfilled orders on producers'
books lias shown some rise in the
opening 6 months of 1961, although at
the end of June outstanding contracts
were some 4 percent lower than in
mid-1960.
Improved demand has been reflected
in inventory programs: factory stocks
were unchanged in the March-June
period, seasonally adjusted, in contrast
to a running down of $1.8 billion during
the previous 9 months. The cessation
of this inventory drag on output has in
turn been a major factor in the rise in
manufacturers' sales and new orders
receipts.
Factors in recovery

Data: Based on FRB's Seasonally Adjusted Index


U. S. Department of Commerce, Office


of Business Economic*

6I~8~2

August 1961

The recently increased market for
manufactured goods stems from enlarged requirements by rruost major
sections of demand. Among these are

the substantial rise in residential housing activity, and higher government
programs for highways, military construction, and a broad range of defense
procurement items; also contributing
was a moderate rise in consumer goods
demand in the second quarter.
The most dynamic source of demand
stems from the rapidly expanding military expenditure programs. As can be
seen in table 2 contracts placed in the
first 5 months of 1961 by the Department of Defense for procurement items,
research and construction were 1.1 percent higher than in the corresponding
period of 1960. Fiscal year 1961 obligations were lower than earlier programed and the shortfall will flow over
into the current fiscal year.
Nondurables set new highs

Shipments of nondurable goods were
only moderately affected by the 196061 recessionary forces, and soft goods
shipments soon reached new highs in
this year's recovery. Stocks of nondurables have kept pace with sales
requirements. In contrast, as can be
seen in the chart, durable goods sales
and stocks in June, seasonally adjusted,
were still some 6 percent below their
1960 highs.
The largest sales gain among the nondurable groups in 1961 was achieved by
the textile industry, followed by paper,
chemicals, and rubber. Food and bev-

SURVEY OF CURRENT BUSINESS

August 19G1

Table I.—Manufacturers' Sales and New Orders, 1960-61
Monthly Averages, Seasonally Adjusted, in Billions of Dollars
1960
I

Percent Changes

1961
1960-11
to 1961-11

II

III

IV

I

1
|

1961-1
to 1961-11

II

Sa lea
31. 17

30. 93

30. 23

29, 33

29.08

30.61

1

5

Durable goods
Pi'iniury inotnls
Fabricated metals
Electrical machinery
Nonelectrical machinery
Transportation equipment

15.43
2.65
1.70
2.00
2.80
3. 50

14. 98
2. 19
1. 74
1.97
2.81
3.48

14. 52
2. 00
1. 69
1.94
2.77
3.44

13. 84
1. 78
1 . 56
1.90
2.70
3.36

13. 40
1.79
1. 57
1. 93
2.74
2.87

14.48
2. 05
1. 68
1.97
2.87
3.29

—3
—6
-3
0
2
-6

8
14

Nondurable goods
Food and beverage __
Textiles
Paper
Chemicals
Petroleum
._
Rubber

15. 74
4.74
1.24
1.04
2.31
3.12
.54

15.95
4. 66
1.27
1.04
2.36
3.21
.53

15.70
4.66
1.21
1.09
2.31
3.18
.49

15. 49
4.70
1. 14
1. 05
2 25
3.21
.48

15. 69
4.80
1. 11
1.08
2.31
3.16
.47

16. 13
4.77
1. 23
1. 16
2.45
3.27
.50

1

3

-3
12
4
2
—6

11
7
6
4
6

AH manufacturing

2
5
15

New Orders

Al! Manufacturing

30. 24

30.31

29.87

28.98

29.15

30.85

2

6

Durable goods
__
Primary metals
Fabricated metals
Electrical machinery _ _
Nonelectrical machinery
Transportation equipment

14.54
2.05
1.62
1.92
2.81
3.44

14.50
1.85
1.70
1.93
2.80
3.49

14.29
1. 86
1.62
2.11
2. 58
3.45

13. 52
1.72
1.50
1.87
2.68
3. 19

13. 35
1.82
1.54
1.87
2.77
2.92

14.68
2. 19
1.71
1.90
2.86
3.32

1
18
1
-2
2
-5

10
20
11
2
3
14

Nondurable goods

15. 70

15.81

15. 58

15.46

15.80

16.18

2

2

second quarter of this year showed a
gain of 20 percent over the first quarter
while sales rose 14 percent. Production
in June was running 15 percent above
a year ago and indications are that
July will also be above a year ago,
although operations in steel as well
as other primary metals are still
considerably below capacity.
Machinery orders in rising phase

Activity in the machinery industries,
as can be seen in the chart, has been
far more stable during the recent downturn and recovery than most other
major durable goods industries. Electrical machinery sales rose 2 percent
between the first and second quarters,
seasonally adjusted, a gain sufficient to
bring sales back to the year-earlier
rate. Nonelectrical machinery shipments and orders have shown only
moderately more fluctuation than did
those of electrical machinery companies;
MANUFACTURERS' SALiS AND INVENTORIES

erage sales have shown little change
dining the first 6 months of this year.
As can be seen in the table, second
quarter sales were running ahead of a
year ago in all major soft goods industries except textiles and rubber; the
latter industries are importantly
affected by demand from automobile
producers.
Steel and autos pace advance

Among the durable goods industries,
the steel and motor vehicle industries
have shown the greatest fluctuations in
output over the recent cycle (see chart).
About two-fifths of the seasonally
adjusted increases in total sales and new
orders from the low point of January
1961 through June was concentrated in
these two industries. New orders
received by aircraft companies showed
little change from the first to the second
quarter of this year, seasonally adjusted, but were well in excess of the
corresponding periods of last year.
Motor vehicle output was at a nearrecord rate during the last quarter of
1960, but when sales expectations failed
to materialize manufacturers cut back
their production drastically during the
winter months. In early spring, demandforfor
passenger cars increased and
Digitized
FRASER


the higher levels have continued through
the second quarter. Manufacturers'
sales of motor vehicles and parts rose
25 percent, seasonally adjusted, from
the first quarter of 1961 to the second.
In spite of the improved picture during
the second quarter, June sales and new
orders, including defense contracts, for
automotive manufacturers were still
below a year earlier.
July output of 400,000 cars—the
final month of the 1961 model run—was
5 percent lower than in July 1960; for
the 1961 model run as a whole, production of 5,400,000 units was one-tenth
below the 1960 run. Plans for the next
model year include an earlier shutdown
for model turnover than has been
customary in recent years, followed by
resumption of fairly high production in
September. The restriction of output
to the volume of retail deliveries during
the first half of 1961, a period when
stocks are normally increased, will
permit an orderly liquidation of the
outgoing models during the summer
and fall.
Clearly outlined in the chart are the
buildup in the steel industry's sales
and orders preceding the 1959 strike,
the quick recovery and the subsequent
substantial drop in activity during
1960. New orders received during the

Nondurable Goods Sales Reach New High
Durables Recover Rapidly
Billion $

20

SALES
Nondurabies

15

Durables

10

I i i i 1 1 I i i i i i I i i i i i I i i i i i I i i i i i ! 11 i i
Factory Stocks Stabilize in Spring
Following Earlier Liquidation

35

INVENTORIES

30

Nondurabies

25

20

\

I

1959

LL
1960

1961

Monthly, Seasonally Adjusted
U. S. Department of Commerce, Office of Business Economics

61 ~8 ~3

SURVEY OF CUEEENT BUSINESS
both sales and new orders are currently
above a year ago.
The increasing flow of new business
to producers of machinery and other
investment goods in the first half of
this year suggests a near-term rise in
expenditures for new plant and equipment. This appears in line with reports
by business earlier this year that they
intend expanding investment in the
current quarter. The rise in machinery
new orders thus far in 1961, however,
is not large; orders are up relatively
less since the start of the year than
in most other major durable goods
industries.
Electrical machinery companies' new
orders increased by nearly 8 percent
from the January low to May, on a seasonally adjusted basis, but dropped
off sizably in June, as defense business,
which is usually placed in heavy

Table 2.—Military Obligations for Procurement, Research and Construction, 1957-61
Billions of Dollars
1957

Total

1958

20.99

7.00

7.80

11

15.31
6.41
4.31
1.81
1.16
1.62

14.94
6.29
4.10
1.98
1. 11
1.46

5.00
2.02
1.35
.56
.40
.66

5.77
2.30
1.32
.95
.46
.74

16
14
-2
68
15
13

Research

1.68

2.50

3.18

4.58

1.38

1.46

6

Construction

1.44

1.96

1.56

1.48

.62

. 57

-8

_.

Source: Department of Defense.

volume at this time of year with
electronics companies, was short of
seasonal expectations. Sales of electrical machinery were consistently somewhat higher than new orders receipts
during the first half of this year and
outstanding orders backlogs have been
slightly reduced.

TRANSPORTATION EQUIPMENT
Billion $

-

Changes in Machinery Business Relatively Smaller in Current Cycle
NONELECTRICAL MACHINERY

ELECTRICAL MACHINERY

Sales

2

-

7
New Orders

1961

1959
Monthly, Seasonally Adjusted

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




JanuaryMay 1960-61

20.04

2

1960

JanuaryMay 1961

18.21
8.13
4.92
1.94
1.31
1.91

~

1959

JanuarvMay 1960

22.66

Sales

2

1960

12.78
6.36
2.81
1.30
.81
1.51

Metals and Transportation Equipment Lead Sales Advance
PRIMARY METALS

1959

Percent Change

15.90

Major procurement _
Aircraft..
Missiles
Ships
_
Electronics
Other .

DURABLE GOODS MANUFACTURERS

Billion $

August 1961

1960

1961

Nonelectrical machinery orders have
tended steadily upward thus far in
1961, particularly in areas related to
nonagricultural business machinery purchases. The expansion has been particularly large in the industrial machinery groups—metal working, special and
general industry equipment—and in
engines and turbines, bringing new
orders above 1960 rates. Shipments
by these companies have matched
the inflow of new business, and backlogs have not increased, remaining
below the 1960 volume.
New orders received by agricultural
and office and store machinery companies in June were little different
from January, after seasonal allowances,
although showing some growth from
mid-1960. Construction m a c h i n e r y
new orders fell somewhat in the second
quarter of this year.
Producers of fabricated metals, stone,
clay and glass, lumber products, and
other durable goods have received about
10 percent more orders in the second
quarter than the first, after seasonal
allowances; shipments rose 5 percent.
These industries are primary suppliers
of building materials and have benefited from the steadily rising rate of
new construction projects since early
this year. However, business in these
industries has not yet recovered to
the level of last year. Sales exceeded
new orders during all of 1960 and the
first quarter of 1961, but are now
slightly smaller, and unfilled orders
backlogs have turned up.

National Product and Income Recovers in Second Quarter

A. VIGOROUS upswing in output in
the April-June quarter initiated a
recovery from the mildest of the four
postwar recessions. GNP advanced at
an annual rate of $15 billion from the
first quarter to a new high of $516
billion in current dollar terms. (See
chart.) The real volume of national
output was about the same as at its
previous cyclical peak a year earlier.
The second quarter recovery in GNP
featured a marked shift from inventory
liquidation to accumulation, an upturn
in the demand for automobiles and
residential construction, and continued
expansion in government purchases and
consumer services. Fixed business investment outlays and nondurable consumer goods expenditures rose slightly.
Net exports of goods and services was
the only major GNP component to
show a decline.
The increase in output and employment was accompanied by a substantial
rise in the flow of income. Personal in-

come rose from the first quarter by over pla}7ed an important role. The un$8 billion to an annual rate of $413 usually severe winter was an added
billion in the second. Most of this in- factor in the sales decline. Seasonally
crease was in wages and salaries and adjusted retail sales of cars, which had
was attributable to higher employment, been drifting downward since midbut Government transfer payments October, declined sharply in December,
were also up, reflecting initial disburse- and production was promptly adjusted
ments under the temporary unemploy- to the lower sales which continued
ment insurance program. Complete through January and February. Stocks
data on corporate profits for the second held about level during these months in
quarter are not available at this time, CONSUMER SPENDING
but it would appear that the year-long
Total Rises in Second Quarter
downtrend in profits was sharply re- Billion $
versed.
350
Autos important in recovery

The increase in GNP was sharper
than in any other initial quarter of
cyclical recovery in the postwar period.
The comparative vigor of the recent
upturn is discernible also on a monthly
basis in the movement of payrolls.
A shift from inventory liquidation to
accumulation was a major factor reinforcing the effect of the increase in final
purchases on total production. In the
previous two postwar cycles, liquidation
' TOTAL GNP INCREASES IN SECOND
QUARTER
of business inventories continued beAs Both Final Purchases and
yond the turning point of GNP, though
Inventories Turnaround
at somewhat reduced rates. The recent
Billion $
increase
in final purchases was also
550
larger than in prior first quarters of
recovery in the postwar period.
The production and sale of passenger
Gross National Product
cars was the most important single
Total
factor in the second quarter recovery.
500
Nearly half of the rise in total GNP
represented increased production of
automobiles. From the fourth quarter
'"" Final Purchases
of 1960 to the first quarter of 1961 there
had been a decline in automobile production which exceeded that in total
450
GNP, and was the sharpest for the
industry in recent years.
Inventory buildup
The first quarter decline in auto pro£:v !) Inventory liquidation
duction and sales was due in part to the
reductions in total employment and
400 I . . i 1 . . . I . t • 1 ' . . I i . - I . i
earnings in the latter half of 1960, and
1957
1958 1959 1960 1961 1962the unfavorable expectations they enQuarterly Totals, Seasonally Adjusted, at Annual Rates
gendered. Supply and demand factors
U. S. Department of Commerce, Office of Business Economics
61-8-5
peculiar to this d}rnamic industry also



Persona! Consumption
Expenditures
Total

300

250 I i i i I i i i 1 i i i I i i i I i t i f t t r

Services Continue Uptrend

150
Services

100
Little Change in Major Nondurable Lines

100
Food

50
Durables Up From First Quarter Low

50
Durables Exc. Autos

:

Autos *
J_

1957

I

_L

i I i t r

1958 1959 1960 1961

1962

Quarterly Totals, Seasonally Adjusted, at Annual Rates

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

61-8-6

5

SURVEY OF CURRENT BUSINESS

6
contrast to the usual sharp seasonal
rise. With the coming of spring, sales
rose more than seasonally and the
higher levels continued into the second
quarter. Stocks declined slightly but
somewhat less than expected in this
period of the year. In spite of the
second quarter improvement, automobile sales and production were substantially below a year ago.
Support from Government

The bulk of the second quarter
increase in GNP came in private
expenditures, but the role of the Federal
Government in stimulating business
activity was important. In addition
to the $2 billion annual rate increase in
direct purchases of goods and services,
the Federal Government instituted
several programs swelling the flow of
income in the economy, notably the
feed grain and the temporary unemployment insurance programs. Measures affecting the supply of money and
credit designed to stimulate economic
activity will be noted later.

Consumption expenditures up

FEDERAL GOVERNMENT

Personal consumption expenditures,
which had turned down in the opening
quarter of the year with the decline in
auto and other durable goods purchases, moved up in the second quarter.
The $5K billion increase to an annual
rate of $336 billion was concentrated in
expenditures for automobiles and services. (See chart.) Sales of durable
goods other than autos—mainly furniture and appliances—showed only modest increases which were not enough to
bring them back to the highs of late
1959.
Small changes were the rule for all
the major categories of nondurable
goods. Spending for food and beverages, which was up only slightly in
current dollars, went up more in real
terms as retail food prices—principally
of meat and dairy products—declined
from their first quarter average.
The inventory swing from the first to
the second quarter featured changes in
stocks of automobile producers and

19 61

1960
III

IV

I

II

II

1961

1960

1958 1959 1960

III

IV

I

II

Billions of 1954 dollars

Billions of current dollars
Gross national product

444.5 482.8 504.4 506.4 505.1 504.5 500.8 516.1 401.3 428.4 440.8 443.4 440.2 438.4 433.2 445.5

Personal consumption expenditures
293. 2 314.0 328.9 329.9 329.7 332. 3 330.7 336.1 273.2 289.3 298.3 299. 5 298.6 299.6 297.0 301. 6
Durable goods _
Nondurable goods
Services

37.3 43.5 44.3 45.3 43.4 43.8 39.4 42.0 35.5 41.0 41.8 42.5 40.8 41.6 37.6 39.8
141.6 147.3 152.4 153.3 152.7 153.1 153.7 154.1 133. 3 138.8 141.8 142. 9 142.0 141.3 141.6 142. 6
114.3 123.2 132.2 131.2 133.6 135.4 137. 5 139.9 104.4 109.5 114.7 114.2 115.8 116.6 117.8 119.2

Gross private domestic investment- __ _
New construction

56.6 72.4 72.4 74.6 70.5 65.6 59.8 68.8 49.0 61.1 60.6 62.3 58.6 54.9 49.6 57.3
35.5 40.2 40.7 40.7 40.4 40.7 39.6 41.3 31.1 34.3 33.9 33.9 33. 6 33.9 32.9 34.1

Residential rionfarm
Other

18.0 22.3 21.1 21.2 21.0 20.5 19 3 20.6 16.2 19.4 18 0 18 1 17.9 17 5 16 5 17 6
17.4 17.9 19.6 19.5 19.4 20.2 20.4 20.7 14.8 14.8 16.0 15.9 15.7 16.4 16.4 16.6

Producers' durable equipment. 23.1 25.9 27.5 28.6 27.7 26.7 24.2 24.7 19.4 21.3 22.7 23.4 22.7 22.1 19.9 20.3
Change in business inventories. -2.0
Nonfarm
Farm

_
..

Net exports of goods and services.
Exports
Imports

_

Federal..

_

National defense
Other
. . ..
Less: Government sales
State and local




105

100

95
Expenditures

90
Receipts

85

80

75
National Income Basis

j
*Business

2.4 -1.9 -4.0

2.8 -1.5

5.5

4.0

4.9

2.3 -1.1 -3.2

2.9

5.1
.3

2.0 -2.2 -4.3
.4
.3
.3

2.4 -2.4 5.6
.4
.8 -.0

3.8
.2

4.7
_ 2

2.0 -1.3 -3.5
.3
.2
.3

1.2 -.7

3.0

2.3

3.0

3.9 -.2 -2.1

1.7

1.0

1.6

"i
1.9

93.5 97.1 100.1 99.6 101.9 101.6 105.0 107.3 79.3 80.1 80.2 80.6 81.3 80.3 83.3 84.7
52.6 53.5 52.9 52.9 54.0 53.0 54.7 56.6 44.5 43.9 42.3 42.7 42.9 41.6 43.1 44.7
44.8 46.2 45.5 45.5 45.4 45.7 47.2 48.8
8.3 7.8 8.0 7.9 9.1 7.9 8.0 8.3
.5
.6
.6
.6
.5
.6
.5
.5

.....

40.8 43.6 47.2 46.8 48.0 48.6 50.3 50.6 34.8 36.2 38.0 37.8 38.4 38.7 40.2 40.0

61-8-7

fixed investment stable

The second quarter increase in fixed
investment expenditures by business
1
\
was minor in total, and individual
industry changes were likewise small.
1
The latest OBE-SEC survey of capital
1
a modest
Sspending plans indicates
pickup in the second half of the year.
Largely because of the presence of
€excess capacity, businessmen are usually
Ireluctant to expand fixed capital out1
lays in the early stages of recovery.
r
Thus, business fixed investment con.
tinued to decline in the initial phase of
tthe 1958 upturn and was stable during
j
1954 after total production had started
to rise.

5.4

3.3

1962

distributors; these accounted for the
bulk of the inventory liquidation in the
first quarter and for about one-fourth
of the buildup in the second. The
second quarter increase in nonautomotive stocks centered in trade. ManI
ufacturers' stocks outside of the autoImotive industry were reduced somewhat
aas a continued liquidation in the stocks
Lof durable goods' producers was only
partly offset by accumulation in non1
C
durable goods lines.

4.0
.3

3.5

1958 1959 1960 1961

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

4.2

5.3

, , , | i i i I i ,

Quarterly Totals, Seasonally Adjusted, at Annual Rates

6.2
.1

5.1

I

70

6.3

-2.9
.9

22.7 23.1 26.7 26.7 26.8 27.6 27.6 26.4 21.4 22.2 25.3 25.4 25.4 26.1 25.7 24.5
21.5 23.8 23.6 24.4 23.8 22.4 22.3 22.5 21.6 24.3 23.6 24.4 23.7 22.6 22.4 22.6

Government purchases of goods
and services

Billion $

1957

[Seasonally adjusted, at annual rates]

II

Expenditures Exceed Receipts in First Half
Of 1961

Swing in inventories

Table 1.—-Gross National Product in Current and Constant Dollars (1-3, 1-5)

1958 1959 1960

August 1961

August 1961
Upturn in residential construction
Residential construction increased by
$1% billion from the first quarter to an
annual rate of $20% billion in the second,
offsetting about one-fourth of the
decline since its prior peak in the
second quarter of 1959. Recent fluctuations in residential construction activity have been confined to one-family
dwellings; apartment house construction has continued to increase.
The Federal Government in early
1961 sponsored a number of measures
which tended to stimulate the housing
market. Aside from a policy aimed at
easing credit conditions in long-term
markets in general, these included
FNMA's announcement of higher buying prices for FHA insured mortgages,
an increase in borrowing rights of
savings and loan associations with the
Federal Home Loan Banks, and a
reduction in the maximum permissible
interest rate on FHA insured mortgages.
Nonfarm housing starts in June, at an
annual rate of 1.4 million seasonally
adjusted, were about 250,000 higher
than the low point in January, indicating a further near-term rise in
residential construction activity. Applications for FHA mortgages, adjusted
for seasonal variation, have also been
increasing in recent months.
The Housing Act of 1961, passed on
June 30, authorizes FHA to insure
no-dowii-payment
mortgages
with
terms up to 40 years in hardship cases
and 35 years in others, as well as home
improvement loans up to 20 years.
The Act also provides for special
housing for the elderly; loans and grants
for mass transit facilities, sewers, waterworks and other public works; funds
for the acquisition and preservation of
open spaces in urban areas; loans for
college housing, and general urban
renewal support.
Federal expenditures rise
Government purchases of goods and
services contributed $2% billion to the
second quarter rise in GNP, with the
Federal Government accounting for
the bulk of the increase. Defense
spending rose to its highest rate in 3
years, and is expected to show further
substantial increases in the quarters
ahead as recent administration de


SURVEY OF CURRENT BUSINESS
cisions to increase the defense program
are implemented.
In addition to stepping up its direct
demand for goods and services, the
Federal Government further added to
the flow of income through the temporary extension of unemployment in-

surance benefits, and payments to
farmers participating in the feed-grain
program. Total Federal expenditures
were up about $3 billion in the second
quarter; with a comparable rise in
taxes, the budget deficit (on a national
income basis) held close to $5 billion.
(Continued on page 32)

Table 2.—Personal Income and Its Use (II-2)

1961

1960
1958

1960

1959

II

IV

III

I

II

Seasonally adjusted at annual rates
Personal income
Wage and salary disbursements
Commodity-producing industries
M anufacturing only
Distributive industries
Service industries
Government
Other labor income
Proprietors' income

_

_

__

Business and professional.
Farm
Rental income of persons
Dividends

__

.

_

Personal interest income.

„

Transfer payments _

_

Old-age and survivors insurance benefits
State unemployment insurance benefits
Veterans' benefits ._
Other
Less: Personal contributions for social insurance..-

360.3

383.3

402.2

403.1

405.1

405.4

404.7

413.2

239 8

258.5

271.3

272.4

273.2

271.3

270.1

277.3

97.9
76.7
63.8
34.8
43.2

107.2
84.7
68.2
37.7
45.3

110.4
87.4
71.8
40.7
48.4

111.8
88.5
72.3
40.5
47.8

110.5
87.2
72.5
41.2
49.0

108.0
85.2
72.1
41.5
49.7

106.1
83.8
71.8
41.8
50.4

110.7
87.5
72.8
42.5
51.3

9.4

10.3

10.9

10.8

10.9

11.2

10.8

10.8

46.1

46.3

48.2

48.6

48.7

49.0

48.9

49.2

32.5
13.5

35.0
11.3

36.2
12.0

36.4
12.3

36.3
12.4

36.3
12.7

36.0
12.9

36.3
12.9

12.2

11.9

11.7

11.7

11.7

11.7

11.5

11.5

12 A

13.4

14.1

14.0

14.1

14.3

14.2

14.2

21.0

23.6

26.2

26.1

26.4

26.7

26.8

27.0

26.3

27.2

29.1

28.6

29.3

30.6

32.0

32.9

8.5
3.9
4.6
9.4

10.2
2.5
4.5
10.0

11.1
2.8
4.6
10.0

11.2

11.3
2.9
4.5
10.6

11.4
3.8
4.6
10.8

11.8
3.8
4.7
11.7

12.5
4.5
4.8
11.1

a4

4.5
10.5

6.9

7.9

9.2

9.3

9.5

9.7

42.3

46.0

50.4

50.5

50.8

50.5

50.3

51.4

36.6
5.7

39.6
6.4

43.2
7.2

43.3
7.2

43.5
7.3

43.1
7.4

42.6
7.7

43.6
7.8

Equals : Disposable personal income

317.9

337.3

351.8

352.7

354.4

354.9

354.3

361.8

Less: Personal consumption expenditures

293.2

314.0

328.9

329.9

329.7

332.3

330.7

336.1

24.7

23.4

22.9

22.8

24.6

22.7

23.7

25.8

296.3

310.6

319.0

320.3

321.0

320.1

318.4

324.8

Less: Personal tax and nontax payments
Federal
State and local

Equals: Personal saving
Addendum: Disposable personal income in constant
(1954) dollars

9.3

9.3

Table 3.—Gross National Product by Major Type of Product in Current and Constant
Dollars (1-6, 1-7) *
[Seasonally adjusted at annual rates]

1961

1960

1958 1959 1960

1960
1958

II

III

IV

I

Billions of current dollars

1959

1961

1960

II

II

III

IV

I

II

Billions of 1954 dollars

Gross national product

444.5 482.8 504. 4 506.4 505.1 504.5 500.8 516.1 401.3 428.4 440.8 443.4 440.2 438.4 433.2 445.5

Final sales
Inventor v change.

446.5 476.5 500.2 501.0 502.7 506.4 504.8 513.2 402.8 422.9 436.8 438.5 437.9 439.5 436.5 442.6
6.3 4.2 5.4 2.4 -1.9 -4.0 2.8 -1.5 5.5 4.0 4.9 2.3 -1.1 -3.2 2.9
-2.0

Goods output
Final sales
Inventory change

229.4 250.3 258.5 262.3 257.2 252.8 245.7 257.1 211.5 228.6 234.6 237.9 233.3 228.9 221.9 232.5
231.4 244.0 254.3 256.9 254.8 254.6 249.7 254.3 213.1 223.1 230.6 233.0 231.1 230.0 225.2 229.7
6.3 4.2 5.4 2.4 -1.9 -4.0 2.8 -1.5 5.5 4.0 4.9 2.3 -1.1 -3.3 2.9
-2.0

_-

Durable °"oods output
Final sales
_ .. _
Inventory change

80.4 94.9 96.7 100.2 94.6 89.5 81.6 90.9 71.7 82.9 84.7 87.4 82.5 79.0 71.4 79.4
83.3 91.3 94.3 96.3 94.2 93.4 87.4 91.2 74.1 79.8 82.4 83.9 82.1 82.0 76.5 79.6
.4 -3.8 -5.8 -.3 -2.4 3.1 2.3 3.5
.4 -3.0 -5.1 -.2
-2.8 3.6 2.5 3.9

Nondurable goods output
Final sales
Inventory change

149.0 155.4 161.8 162.1 162.6 163.2 164.1 166.2 139.8 145.7 150.0 150.6 150.8 149. 8 150.5 153.2
148.1 152.8 160.0 160.6 160.6 161.3 162.3 163.0 139.0 143.3 148.3 149.1 148.9 148.0 148.7 150.0
.9 2.6 1.8 1.5 2.0 2.0 1.8 3.2
.8 2.4 1.7 1.5 1.9 1.9 1.8 3.1

Services

164.2 176.2 189.3 187.7 191.2 194.6 197.9 201.1 145.2 151.7 158.7 158.0 159.4 161.6 163.2 164.7

__

Construction

_

_

50.9 56.2

56.6 56.4 56.7 57.2

57.2

57.9 44.5 48.1 47.5

47.4 47.4

i For quarterly data beginning in 1947, see SURVEY OF CURRENT BUSINESS July, 1961, pages 34 and 35.

47.9 48.0 48.3

SURVEY OF CURRENT BUSINESS

8

August 1961

Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1-18)

Table 6.—Personal Consumption Expenditures by Major Type

[Billions of dollars]

[Billions of dollars]
1960

1958

1959

1960

II

1960

1961

1

IV

III

(H-6)

1958

II

1959

1960

II

444. 5 482.8 504.4 506.4 505.1 504.5 500.8 516.1

Less: Capital consumption allowance,
Equals: Net national product

38.6

40.8

43.1

43.0

43.2

43.7

44.2

45.0

405.9 442. 0 461. 4 463.4 461.9 460.9 458. 6 471.1

Less: Indirect business tax and nontax
liability.
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current surplus of
government enterprises
Equals: National income
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance _ _
_
Excess of wage accruals over disbursements
_ Plus: Government transfer payments
to persons
Net interest paid by government
Dividends
Business transfer payments

39.3 42.7 45.6 45.9 45.5 45.9 45.7
1.8
1.8
1.8
1.8
1.8
1.8
1.8
-1.5 -1.7 -2.6 -2.9 -4.0 -2.9 -2.6

46.4
1.8
na

.4

.6

.5

.5

II

293. 2 314.0

328.9 329.9 329.7 332. 3 a30.-7 336.1

37.3

43.5

44.3

45.3

43.4

43.8

39.4

42.0

Automobiles and parts

13 9

18.1

18.6

19.3

17.8

18.6

14.8

16.7

Furniture and household equipment
-_. __
_

17.4

18.9

18.8

19.0

18.7

18.3

17.8

18.3

6.0

6.6

6.9

7.0

6.9

6.8

6.8

7.0

Other

141.6 147.3 152.4 153. 3 152.7 153. 1 153.7 154.1

.5

1.4

Food and beverages

76 6

78 0

80.1

80.6

79.9

80.8

81.1

81.4

na

Clothins and shoes

25.7

27.4

28.1

28.3

28.3

27.7

27.9

27.6

Gasoline and oil

10 5

11.0

11.6

11.6

11.6

11.8

11.7

11.7

28.8

30.9

32.6

32.8

32.9

32.7

33.0

33.4

37.2

46.4

45.1

45.9

44.1

.5

I

367.4 399.6 417.1 419.2 419.0 416.5 412.2
42.9

na

40.0

14.8

17.6

20.7

20.7

21.1

20.8

21.2

21.7

0

0

0

0

0

0

0

0

Other

.

Services, total

_

24.5
6.2
12.4
1.8

25.4
7.1
13.4
1.8

27.3
7.8
14.1
1.8

26.8
7.8
14.0
1.8

27.5
7.8
14.1
1.8

28.8
7.7
14.3
1.8

31.0
7.3
14.2
1.8

30.1
7.5
14.2
1.8

___

_ .

_

Housing

360.3 383.3 402.2 403.1 405. 1 405. 4 404.7 413.2

Equals: Personal income

Goods and services, total
Durable goods, total

Nondurable goods, total
1.1

IV

Seasonally adjusted at
annual rates

Seasonally adjusted at annual
rates
Gross national product

III

1961

114.3 123.2 132. 2 131.2 133. 6 135.4 137. 5 139.9

__

_ __

Household operation. _
Transportation
Other

37.7

39.9

42.2

41.9

42.7

43.1

43.6

44.2

16.9

18.1

19.6

19,5

19.7

20.0

20.6

20.9

9.2

10.0

10.5

10.5

10.5

10.5

10.5

10.7

50.6

55.2

59.9

59.3

60.8

61.7

62.8

64.1

Table 7.—Foreign Transactions in the National Income Accounts

(IV-2)

[Billions of dollars]

Table 5.—Government Receipts and Expenditures (III-3. IIT-4)
[Billions of dollars]

1960
1960

1958

1959

1960

II

III

1961

IV

I

1958

Personal tax and nontax receipts. _
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance-

78.5

89.4

96.0

96.9

95.6

94.6

92.5

na

36.6
17.7

39.6
21.9

43.2
21.2

43.3
21.8

43.5
20.3

43.1
20.0

42.6
18.6

43.6
na

11.9
12.4

13.0
14.9

14.0
17.7

14.2
17.7

13.8
18.0

13.8
17.6

13.3
18.0

13.6
18.4

87.9

91.2

92.8

92.5

94.2

94.2

98.0

101.1

Purchases of goods and services — 52.6

53.5

52.9

52.9

54.0

53.0

54.7

56.6

21.3
20.0
1.3

22.2
20.6
1.5

23.7
22.2
1.6

23.4
21.8
1.6

24.0
22.4
1.5

25.3
23.7
1.6

26.5
24.8
1.6

27.1
25.7
1.5

Grants-in-aid to State and local
governments

5.4

6.6

6.1

6.1

6.2

6.0

7.1

6.8

Net interest paid

5.6

6.4

7.0

7.1

7.1

7.0

6.8

6.6

Subsidies less current surplus of
government enterprises

3.0

2.6

2.9

2.9

2.9

2.9

3.0

4.0

3.3

4.5

1.4

Federal Government expenditures

Transfer payments
To persons
.
Foreign (net)

Surplus or deficit (— ) on income
-9.4
and product account

-1.8

.4 -5.5

46.5

49.2

49.2

49.4

49.7

51.4

na

Personal tax and nontax receipts. _ 5.7
1.0
Corporate profits tax accruals
Indirect business tax and nontax
27.4
accruals
__
Contributions for social insurance .. 2.5
5.4
Federal grants-in-aid

6.4
1.2

7.2
1.2

7.2
1.2

7.3
1.1

7.4
1.1

7.7
1.0

7.8
na

29.6
2.7
6.6

31.6
3.0
6.1

31.7
3.0
6.1

31.7
3.1
6.2

32.1
3.2
6.0

32.4
3.2
7.1

32.9
3.3
6.8

Purchases of goods and services
Transfer payments to persons
Net interest paid
Less: Current surplus of government enterprises

44.1

46.9

50.6

50.1

51.3

52.0

53.8

54.2

40.8
4.5
.6

43.6
4.8
.7

47.2
5.1
.7

46.8
5.0
.7

48.0
5.0
.7

48.6
5.1
.7

50.3
5.3
.7

50.6
5.4
.8

1.9

2.2

2.4

2.3

2.4

2.5

2.5

2.6

Surplus or deficit (— ) on income
-2.1
and oroduct account




-.4 -1.4

-1.0

-1.9

-2.3

-2.4

na

II

III

IV

I

II

Seasonally adjusted at annual
rates
Receipts from abroad

22.7

23.1

26.7

26.7

26.8

27.6

27.6

26.4

Exports of goods and services

22.7

23.1

26.7

26.7

26.8

27.6

27.6

26.4

Payments to abroad

22.7

23.1

26.7

26.7

26.8

27.6

27.6

26.4

Imports of goods and services - _ 21.5 23.8
Net transfer payments by Govern1.5
ment
-_ 1.3
-.1 -2.3
Net foreign investment

23.6

24.4

23.8

22.4

22.3

22.5

1.6
1.5

1.6
.7

1.5
1.4

1.6
3.6

1.6
3.7

1.5
2.4

Table 8.—Sources and Uses of Gross Saving (V-2)
[Billions of dollars]
1960
1958

1959

1960

II

III

1961

IV

I

II

Seasonally adjusted at annual
rates
69.5

74.0

74.6

74.7

76.4

73.9

74.0

na

24.7
Personal saving
Undistributed corporate profits. _ . 6.4
Corporate inventory valuation
—.3
adjustment
38.6
Capital consumption allowance
Excess of wage accruals over dis.0
bursements

23.4
10.3

22.9
8.6

22.8
9.3

24.6
7.6

22.7
7.2

23.7
5.8

25.8
na

—.5
40.8

.0
43.1

—.4
43.0

.9
43.2

.3
43.7

.4
44.2

na
45.0

.0

.0

.0

.0

.0

.0

.0

Government surplus on income and
—11.4 -2.2
product transactions

1.9

3.5

—.5 —1.9 -7.9

na

Gross private saving
na

State and local government receipts. - - 42.0

State and local government expenditures

1960

II

Seasonally adjusted at annual
rates
Federal Government receipts

1959

1961

Federal
State and local

—9.4 —1.8
3.3
4.5
1.4
—2.1 —.4 —1.4 —1.0 —1.9

- -- -

56.6

Gross investment
Gross private domestic investment .- .
-_
Net foreign investment
Statistical discrepancy ..

..

.4 —5.5
2.3 —2.4

na
na

70.1

73.9

75.3

71.9

69.1

63.5

71.3

56.6 72.4
—.1 —2.3

72.4
1.5

74.6
.7

70.5
1.4

65.6
3. 6

59.8
3.7

68.8
2.4

—1.5 —1.7 -2.6 -2.9 —4.0 —2.9 —2.6

na

BY ROBERT E. GRAHAM, JR. AND EDWIN J. COLEMAN

Consumer Incomes Up in All Regions in 1960
_L ERSONAL income was at a record
dollar total in each of the 50 States last
year as the Nation's economy first
moved ahead under the impetus of
expanded demand and then turned
down briefly.
For the country as a whole, individual
incomes in 1960 totaled $400 billion—
$19 billion, or 5 percent, more than in
1959. Despite a 1% percent increase in
consumer prices, real incomes were up
throughout the country.
Uniformity in State rates of change
from 1959 was a feature of last year's
income flow. More than half of the
States (28) came within 1 percentage
point of the national pace. By regions,
uniformity was even more pronounced.
There were five States in which the
1960 relative gain exceeded the national
average by substantial margins. The
largest occurred in South Dakota where
farm income more than doubled, pushing the aggregate income up by onefourth.

Next largest rates of gain from 1959
to 1960 were in Alaska and North
Dakota (13 percent each), Hawaii (12
percent), and Arizona (11 percent). In
North Dakota, the rise centered mainly
in agriculture. In the other three
States, the above-average increases
reflected pervasive gains throughout
most of their economies.
Although business declined in the
latter part of 1960, the reduction was
moderate. Individual incomes in every
month of last year were higher than in
the corresponding month of 1959, and
total income on a seasonally-adjusted
basis rose through October. The downturn that followed was comparatively
mild and short-lived, and by March of
1961 personal income had recovered all
of the ground lost since the prerecession
October peak.
For the country as a whole, per
capita personal income (total income
divided by total population) amounted
to $2,223 in I960—up $63, or 3 percent,

from 1959. Price increases nearly
counterbalanced this rise, however, and
real per capita income in 1960 was only
a little more than in 1959.
Average incomes in 1960 were highest
in Delaware ($3,013), the District
of Columbia ($3,008), Connecticut
($2,863), Nevada ($2,844), New York
($2,789), Alaska ($2,735), California
($2,741), New Jersey ($2,665), Illinois
($2,613), and Massachusetts ($2,519).
The fact that all of these States except
Alaska are located in New England, the
Mideast, Great Lakes, and Far West is
indicative of the concentration of high
incomes in the north and west.
This article continues the series of
reports on State changes in personal
income published annually in the SURVEY. The estimates for 1960 presented
here are revisions of the preliminary
figures published in the April 1961
issue of the SURVEY. Those for 1958
and 1959 also are revisions of earlier
estimates. For convenience, total in-

Regional Increases in Total Personal Income Were Generally Similar Last Year
Major Differences Came From Developments in Agriculture and Manufacturing
Percent Change 1959-60

10

15

-5

5

10

15

20

0

10

„

Toinl

Farm Income
T~Fari

United States

f"
22%

New England
Mideast

zp-.

Great Lakes

±±r

Plains

.

Southeast
Southwest
Rocky Mountain
Far West

U. S. Department of Commerce, Office of Business Economies
601431—61

2




D.
IT

15

20

0

10

15

20

SURVEY OF CURRENT BUSINESS

10
come for the years 1954-57 and per
capita income for 1950-57 are reprinted
in table 1 along with the 1958-60 data.
Total and per capita income figures for
earlier years may be found in the
Personal Income supplement to the
SURVEY.1

Industrial Developments
Nationally, income in all major industries advanced from 1959 to 1960. As
indicated in the chart, State differences
in rates of total income change last
year stemmed mainly from developments in farming and manufacturing,
although variations in other industries
also had an impact.

were gains in most types of farming in
the Plains, but the bulk of the net income rise came from a step-up of more
than one-third in the value of wheat
production. In all States of the region,
gross income from meat animals declined, while in Iowa and Missouri
lower wheat production pushed the total
value of crops in 1960 below that in
1959.
Elsewhere agricultural developments
with discernible effect on the total
income flow included an increase in
income from tobacco farming in North
Carolina; a spurt of two-thirds in cash

1. "Personal Income by States Since 1929" is available from
the Superintendent of Documents, U.S. Government Printing Office, Washington 25, D.C., or from the Department's
Field Offices at $1.50 per copy. The text of the report provides
complete explanations of the concept, statistical derivation,
and reliability of the estimates, as well as an analysis of
geographic income shifts over the period. The Personal
Income supplement also contains detailed breakdowns of
income in each State according to type and industrial source
for the years 1929-53. Details for 1954-56 may be found in
the August 1959 SURVEY; for 1957 in the August 1960 SURVEY,
and for 1958-60 in tables 4-70 of this issue.




receipts from potatoes in Maine; increased production of crops generally in
Oklahoma; sharp increases in wheat
production in Oklahoma, Texas, Ohio,
and Indiana; a decline in the value of
cotton production in the States of the
"old" cotton belt; and reductions in
income from cattle and calves in most
States as 1960 prices fell short of those
in 1959.
Manufacturing a limiting factor

For the country as a whole, earnings
of persons engaged in manufacturing
increased 3 percent from 1959 to 1960,
half the rate of increase in nonmanu-

Table I.—Changes in Total and Per Capita Personal Income, bv States and Regions,
Selected Yea rs, 1950-60 i

Farm income volatile

On a national basis, farm income
totaled 4 percent more in 1960 than in
1959—a somewhat smaller increase than
the average of all nonfarm components.
By States and regions, income from
agriculture showed the widest variations
in rates of change. These ranged from
drops of one-tenth in several major
agricultural States to a more than
doubling in South Dakota—the latter in
part a recovery from the previous year's
decline in wheat production. There
were reductions in 18 States and increases in 30; in 7, the decline was 10
percent or more; in 14, the gains exceeded 15 percent.
The influence of farming on changes
in total income in 1960 shows most
clearly in the Plains region. Five of
the seven States in this area experienced
exceptionally large gains in farm income
last year, and 3 of these—South
Dakota, North Dakota, and Nebraska—were among the top halfdozen States in the Nation in terms of
relative increase in total income. On
the other hand, declines in income
from agriculture were primary factors
in the limited gains in aggregate income
in Iowa and Missouri.
Except in the last two States, there

August 1961

Total personal income
State and region

Percent
Percent of United States Percent
change
change
1959 to 1960
1959 to 1960
1957
1960

Percent of United States

1950

1957

Per capita personal income

1960

100. 00

100. 00

100. 00

5

100

100

3

6.73

.48
.31
.20
3.45
. 57
1.72

6.54
.46
.31
.18
3.25
.49
1.85

6.51
.46
.32
.18
3.25
.48
1.82

5
7
6
5
5
3
5

112
82
91
81
114
97
137

111
85
93
84
113
100
129

3
6
5
3
3
3
3

Mideast __
- ___
New York
New Jersey
_ Pennsylvania
Delaware
Maryland
District of Columbia _ _ _

26.36
12.43
3.86
7.30
.31
1.67
.79

25.40
11.81
4.07
6.75
.35
1.83
.59

24.98
11.73
4.06
6.42
.34
1.86
.57

4
4
5
4
5
5
4

117
124
124
105
141
108
130

117
125
120
102
136
108
135

3
3
3
3
3
3
5

Great Lakes
Michigan
Ohio
Indiana
Illinois
Wisconsin

22.51
4.79
5.72
2.66
7.10
2.24

22.50
4.85
5.99
2.64
6.87
2.15

21.56
4.56
5.69
2. 5'5
6.61
2.15

4
4
4
5
3
4

110
110
110
99
122
96

107
104
105
98
118
98

2
3
2
4
2
2

8.80
1.86
1.68
2 53
.35
.35
.86
1. 17

8.05
1.77
1.46
2.38
.27
.81
.76
1.10

7.99
1.76
1.38
2.38
.28
.31
.75
1.13

5
6
2
3
13
23
8
5

91
91
91
95
73
78
92
88

93
92
90
99
78
83
95
93

4
4
2
2
12
23
7
4

15.17
1.78
.98
1.26
1.46
1.82
.83
1. 56
1.61
1.18
.71
1.30
.68

15.42
1.83
.88
1.20
1.39
1.71
.81
1.56
2.23
1.21
.61
1.40
.59

15. 64
1.84
.78
1.18
1.38
1.80
.84
1.59
2.48
1.20
.64
1.31
.60

4
4
2
3
3
6
6
5
6
4
3
2
2

71
82
80
70
68
66
59
69
89
65
48
76
56

72
83
75
69
70
71
63
72
89
66
53
72
60

3
3
2
2
2
6
5
3
1
3
2
0
1

6.50
1.11
4.61
.35
.43

6.80
1.07
4.75
.40
.58

6.80
1.08
4.63
.43
.66

4
5
3
2
11

87
80
89
79
88

86
83
87
81
90

2
3
1
i
5

2.23
.42
.34
.21
.86
.40

2.26
.37
.31
.19
.97
.42

2.28
.34
.30
. 19
1.02
.43

6
4
2
6
8
6

92
94
82
98
97
85

95
91
81
105
104
86

4
2
0
4
6
3

11.70
1.77
1.09
.14
8.70

13.03
1.67
.97
.19
10.20

13. 72
1.66
1.00
.20
10.86

6
4
4
8
6

117
104
96
123
122

119
104
102
128
123

3
3
3
5
3

.14
.31

.15
.31

.16
.36

13
12

117
94

123
102

7
7

United States
New England
M aine
N^ew Hampshire
Vermont
__
Massachusetts
Rhode Island
Connecticut __

_ _
__ _

_ _ __
_____

Plains
Minnesota
__ _
Iowa _
Missouri
North Dakota . _ _ _ _
South Dakota
Nebraska
__
Kansas
Southeast
Virginia
West Virginia
Kentucky.
_
Tennessee
North Carolina
South Carolina
Georgia
Florida
Alabama
__
Mississippi
Louisiana
- _
Arkansas
Southwest
Oklahoma
Texas
New Mexico
Arizona

_

___ _

Rocky Mountain
Montana
Idaho
Wyoming
Colorado
Utah
Far West
Washington.
Oregon
Nevada
California

--- -

_.

Alaska
Hawaii
i Computed from tables 1 and 2.

SURVEY OF CURRENT BUSINESS

August 1061

facturing income. The national increase reflected recovery from the
1957-58 recession; the upswing following the 1959 steel strike and its secondary effects; and the 1960 business
decline which centered in a slide in
durable goods production. Because of
State differentials in manufacturing,
the impact of these developments varied
throughout the country.
In New England, the Mideast, and
the Great Lakes the relative smallness
of the gain in manufacturing income
retarded significantly the overall income

11

facturing increased at the same rate
as that in other industries, generally.
Approximately one-half of the Nation's income from manufacturing is
derived from six major industries, and
many of the 1959-60 State changes can
be explained largely by changes in the
wages and salaries paid out by these
groups.
Payrolls increased 3 percent on a
national basis in those industries producing primary and fabricated metals
and nonelectrical machinery. They declined 4 percent in aircraft production.

rise. Because of the lesser importance
of factory production in the economy
of the Plains, Southwest, and Far West,
the comparatively small increase in
manufacturing activity in each of these
regions had limited effect on total income. By contrast, a rise of one-tenth
in factory earnings in the Rocky Mountain States—centering in Colorado and
Utah and noted below—reinforced the
upswing in nonmanufacturing income
there even though these are the least
industrialized States in the country.
In the Southeast, income from manu-

Table II.—Percent Changes in Industrial Sources of Personal Income, by States and Regions, 1959-60

Ei

State and region

Total

5

7

5

4

New England
Mai no
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

5
7
6
5
5
3
5

22
76
6
5
10
0

Mideast
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia

4
4
5
4
5
5
4

11
n

Great Lakes
Michigan
Ohio
Indiana
Illinois
Wisconsin

4
4
4
5
3
3

Plains
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kansas

_ .__

Income received by persons for participation in current production

Go vern ment in come
disbursements

Total
NonperFarm
farm
sonal income income
income

United Slates

. _

irces of income

*

K

State
and local

Federal
(5
8
8
6

8
6

Private
nonfarm
income

All
private
nonfarm
industries

Mining

4

4

0

5
4
6
5
5
4
5

5
(>
5
5
3
5

8
6
4
7
2
9

4

.4

4
4
5
4

23
25

6
5
6
6

7
10

5
5
4

6
4

5
3

12
9

4
4
5
3
4
4
4

2
0
16
18

8
7
9
8
8
6

7
8
6

-10

4
4
4
5
3
4

8
8
9
9
9
6

5
6
2
3
13
23
8
5

14
16
-9
-6
58
133
13
21

4
5
4
3
5
6
8
3

7
6
7
6
12
5
8
7

5
8
6
15
4
9

4
4
2
3
3
6
6
5
6
4
3
2
2

-1
11
10
-1
-12
16
7

4
4
1
3
4
6
6
4

6
3
3

6

11

9
__2

6
4
11
7
8

s

5
4

!
4

1

3
0
0
0
0

Finance,
insurContract Manu- Wholeconstruc- factur- sale and ance, and
ing
retail
tion
real
trade
estate

:
.4

9
"

3

4
4
5
5
3
6
3

5
5
7
4
5
2
-3

3
1
-2
11
3
7

2
4
2
3
0
2

4
4
5
4
4
5

6
5
6
6
6
6

4
4
5
0
18
5
1
2
3
4
1
1
2

4
4
4

2
4
0
2
-3
-2
8
-1

3
4
3
3
0
4
6
2

7
7
8
5
10
9
8
7

1
2
1
2
0
3
0^

4
6
3
2
18
13

4
6
2
3
4
5
5
4
7
4
4
2
3

7
5
4
6
8
8
8
9
8
2
9
5

1
1
4
1
1
2
—4
3
1
1
1
2
2

6
6
1
4
5
8
6
7
11
6
5
3
5

7
7
4
6
6
11
11

5
5
5

0

3
4
3
4
3
4

3
4
3
4
2
4

2
17
1
0

6
6
6
6
9
5
7
7

4
5
3
3
2
7
8
2

4
5
3
3
1
9
2

6
29
0
3
-23
-8
8
-6

8
9
2
9
6
5

4
5
1
2
4
6
7
4
7
3
3
1
5

-2
-5
-6
1
-3
7
0
0
12
9
0
-3
-9

2
3
—4
-2
4
5
13
2
1
3
-6
14

4
6
3
2
4
4
6
2
9
1
2
1
5

2
3
0
-9
19

2
0
1
2
9

3
3
2
3
10

7
9
7
5
12

2
3
2
2
1

4
2
4
4
11

7
5
6
4
14

6
-1
3
30
8
-3

10
5
1
10
12
16

5
1
3
14
6
5

7
6
10
7
7

0
-2
__2
2
1
2

4
3
4
6
5
2

10
7
5
5
14
8

2

6
3
3
4
7

7
5
6
8
8

3
2
1
3
3

4
11
5

9
7
7
16
9

32
15

17
26

10

57
H

18
27

Q

10

22
28
1

4
3
3
3
11

6
5
6
6
8

5
5
6
5
4

7
5
6
8
15

3
2
2
2
6

3
2
2
2
12

0
-5
2

Rocky Mountain
Montana
Idaho
Wyoming
Colorado
Utah

6
4
2
6
8
6

2
4
—6
-15
17
-8

6
4
3
9
8
6

7

7
11
9
9
6

7
3
3
6
10
8

6
2
2
9
8
6

7
2
2
11
8
7

3
0
27
~0

Far West
Washington
Oregon
Nevada
California
__

6
4
4
8
6

1
20
-1
-27
—1

6
4
4
9
6

10
5
8

8
6

11

7
9

12
4
10
9
13

5 i
3
3
10 i
5

5
3
3
10
6

0
8
0
15
2

12
1

3
1
0
3
4

13
12

50

13
12

10
7

8
8

30
4

16
16

18
18

-18
0

4
32

26
9

Alaska
Hawaii- _ .

___
_ _ _ _ _ _ _

__

_

6
8
8
6

7
7
8
6
7
8

4
4
8
3
4
5
6

1
30
-5
-8
9

_

9
9
10
11
9
8
9

4
3
4
5
6
3
0

4
5
3
2
11

Southwest
. .
Oklahoma
___
Texas
New Mexico
Arizona

7

5
5
4
0
5
0
6

1
1
6
-1
-8
1
-2

-11
-10
-9

-10

5

3

15
8
2

8
10
8
9
8
5

_ __.

2

6
4
5
5
6
4
6

4
5
2
4

-

6

7
5
9
6
7
6
7

4
6
5
6
7
8
9
5
2

___

Services

3
5
3
3
3
1
3

3

4
5
1
2
4
5
6
4
7
3
3
2
5

_

Cornmunications and
public
utilities

2
3
4
0
2
2
4

5
2
4
6
3
7
4
5
6
7
9
3
1

Southeast
Virginia
_
West Virginia
Kentucky
Tennessee
North Carolina
South Carolina
Georgia.- _
Florida.
Alabama
Mississippi
Louisiana
Arkansas

5

Transportation

1
Digitized
FRASER
Tofor
maintain
comparability, both the numerator and denominator include Alaska and Hawaii.


22

10

r

0

3
2
4
5
3
5

2

6
8
6
8
8
8
10
8
9
8
11
6

9
5
6
7

12

SURVEY OF CURRENT BUSINESS

These changes were primarily responsible for the smallness of the rise in
total manufacturing in the Great Lakes,
Plains, and Southwest. In contrast,
there were gains of 6 and 8 percent,
respectively, in payrolls of auto and
electrical machinery producers. The
spurt in auto production was concentrated in Michigan and was the main
factor in that State's comparatively
favorable manufacturing experience
last year—the best in the Great Lakes
region, and one of the best among major
industrial States.
The 8-percent advance in payrolls of
manufacturers of electrical machinery
focused on California where a rise of
more than $200 million in 1960 approximately matched the payroll declines in
that State's large aircraft industry.
Expansion of electrical machinery
production in Massachusetts and of
nonelectrical machinery in Connecticut
did much to boost overall factory payrolls in New England, although, on
balance, these gains did not offset the
sluggishness of the payroll rise elsewhere in New England's factory
economy.
In a number of States the course of
manufacturing last year was dominated
by developments in a single industry.
In Rhode Island, a decline in textiles;
in Kansas, slackened aircraft production; in Montana, and Idaho, decreased payrolls in lumbering; in Colorado, a speedup in the aircraft industry;
and in Delaware, a spurt in chemical
production. In contrast, the sizable
factory payroll gains in Utah (17 percent) and Arizona (9 percent) were
broadly based with payrolls advancing
in seven of the eight major manufacturing industries in these two States.

August 1961

income flow and accounted directly for Changes in other industries
one-third of that region's top-ranking
Nationally, earnings of persons enincome rise.
gaged in mining in 1960 were little
Largest increases in government in- changed over the previous year; this,
come payments from 1959 to 1960—all however, represented an "averagingapproximately one-tenth—were scored out" of significant changes in several of
in California, Ohio, Oregon, Mississippi, the major mining States. There were
and North Dakota. In each, wages declines in coal and petroleum-producand salaries paid government employees ing States and significant gains in those
was a primary factor. In California with a concentration of mining and
and Ohio, the advance was concentrated quarrying other than fuel. Minnesota
in State and local agencies. In Mis- scored a top-ranking gain of nearly onesissippi and Oregon, both Federal third in income from mining as iron ore
civilian and State and local payrolls shipments almost doubled the strikeincreased; while in North Dakota, a affected levels of 1959.
sharp rise in military pay provided the
In most regions the increase in
major impetus.
construction earnings paralleled the
Conversely, in Rhode Island, Ar- national advance of 3 percent. By
kansas, Virginia, West Virginia, Ver- States, however, disbursements in this
mont, Tennessee, and the District of industry exhibited wide variations rangColumbia, declines in military payrolls, ing from a decline of nearly one-tenth
together with only limited gains in in North Dakota to an increase of
Federal civilian pay—in part a reflec- almost one-third in Wyoming.
tion of the curtailment in military
An increase in roadbuilding projects
activities—held the advances in total was a primary factor in the expansion
government income disbursements to of construction income in South Dakota,
below-average proportions.
Nebraska, Arkansas, and Nevada. In
Factors other than payrolls intro- Alaska, outlays for highway construcduced some irregularities into the flow tion more than doubled, providing a
of government income disbursements partial offset to declines in nonhighway
last }^ear. In Pennsylvania and Illinois, construction due to completion of
payments of bonuses to veterans ex- defense projects. Conversely, termipanded sharply. In Iowa, Minnesota, nation of roadbuilding projects in the
and Montana, completion of veterans' latter part of 1959 and 1960 appreciably
bonus payments in 1959, or their sharp retarded the flow of income from conreduction in 1960, had a dampening struction in Pennsylvania, North
impact on government income.
Dakota, Kentucky, and Kansas.
In a half-dozen States changes in
Income of persons engaged in the
unemployment benefits had substantial numerous trade and service establishinfluence on the flow of total income. ments registered a top-ranking gain of
In California and Ohio, UI disburse- 6 percent. The rise was broadly based
ments were up $150 million and $65 and although most States conformed
million, respectively. In addition to closely to the uniform regional pattern,
legislative actions relating to the dura- noteworthy gains ranging from onetion and rates of benefits, unemploy- tenth to one-fifth were scored by the
ment rose sharply in both States as tourist-oriented areas of Nevada, AriGovernment income disbursements
aircraft production in California and zona, Florida, Hawaii, and the District
Government income disbursements auto and auto-parts manufacturing in of Columbia.
gave buoyancy to the income flow in Ohio were curtailed.
1960. The total paid directly to indiSizable reductions in UI disburse- The economy in early 1961
viduals by Federal, State, and local ments in New York, New Jersey,
Last year's business decline did not
governments increased $5 billion, or 7 Pennsylvania, Delaware, West Virginia,
manifest itself in the personal income
percent, from 1959 to 1960, the largest
and Illinois reflected both the exhaus- flow until late in 1960, and hence, its
advance in any major component.
tion
of benefit rights by many persons, geographic impact is blurred in the
There was uniformity in rates of change
as
well
as a lower volume of payments in comparisons involving calendar years
among regions, with only the Far West
scoring a gain appreciably different these industrial States as the Tempo- 1960 and 1959 which have formed the
from the national figure. There, gov- rary Unemployment Compensation Act bulk of this report.
Because recent period changes in the

ernment added $1 billion to the area's of 1958 terminated in early 1959.


SURVEY OF CURRENT BUSINESS

August 1001

production cycle centered in the manufacturing industry, a gauge of their geographic effects may be had through
comparison of monthly changes in factory payrolls which can be estimated
from employment and earnings data
compiled by the Bureau of Labor Statistics. In the first quarter of 1961,
payrolls in manufacturing were $5 billion (at annual rates) less than in the
corresponding quarter of the previous
year. Declines were confined generally

to the central and eastern areas of the
Nation, with the largest reductions in
the most industrialized States. In contrast, the western regions registered
moderate improvements in factory
payrolls over the year.
By May of 1961, the economy had
passed the prerecession peak, and manufacturing wages and salaries had
recovered most of the fall and winter
reductions. Recovery lagged most

13
wiiere the declines had been greatest—•
the Great Lakes and Mideast. Similarly, the Western States continued to
forge ahead in factory production. It
is significant that wages and salaries in
the Great Lakes, Mideast, and New
England States are currently at about
the same level as 4 }rears ago—just prior
to the 1957 recession; those in the less
industrialized regions of the south and
west are one-fifth higher.

Table 1.—Total Personal Income, by States and Regions, 1954-60
Table 2.—Per Capita Personal Income, by States and Regions, 1950-60
Table 1 (millions of dollars)

Table 2 (dollars)

State and region

I

1954

1955

1956

1957

1958

1959

1960 i

1950

1951

1952

1953

1954

1955

1956

1957

1958

1959

I960 i

United Stales

285, 339

306, 598

330, 386

348,724

357, 498

380, 738

400, 002

1,491

1, 649

1,727

1, 788

1,770

1,866

1,975

2, 048

2, 064

2, 160

2, 223

New England
Maine. __

18, 857
1,312
894
543
0, 403
1.515
5, 190

20, 200
1,452
952
567
10, 056
1. 617
5, 556

21, 642
1, 532
1,006
606
10,719
1,677
6, 102

22 793
1, 590
1, 071
628
11,346
1,694
6, 464

23, 339
1, 654
1, 097
649
11,668
1, 738
6, 533

24, 786
1,724
1, 192
694
12, 387
1,850
6, 939

26,061
1. 851
1, 263

1,629
1,193
1,316
1,188
1, 663
1,652
1,900

1, 823
1,300
1,470
1,328
1, 845
1,815
2, 200

1,908
1,427
1 , 527
1,396
1,916
1, 846
2, 322

1, 958
1,431
1,570
1,434
1.957
1, 898
2.400

1, 938
1,431
1,614
1,448
1, 936
1,854
2, 351

2,076
1. 575
1,712
1, 528
2, 085
1,960
2, 489

2,214
1,644
1,774
1.612
2, 228
1 ! 989
2,716

2 298
l! 686
1,859
1, 666
2, 329
1, 984
2, 813

2, 302
1,748
1,878
1,708
2, 349
2, 021
2, 720

2, 388
1,800
1, 980
1,798
2, 437
2,166
2, 781

2, 471
1,900
2, 074
1,859
2,519
2, 228
2, 863

73,231
34 189
11 622
19 572
906
5, 084
1,858

78,014
36", 508
12,351
20 706
1,049
5,453
1,947

84, 058
39, 023
13, 379
2'> 410
1,204
5 908
£ 044

88, 5S6
41, 190
14, 205
23, 525
1,215
6, 381
2, 070

90, 029
42, 061
14,404
23, 582
1 , 222
G! 64 1
2, 119

95, 766
45,016
15.441
24, 728
1,285
7, 096
2,200

99, 988
1, 759
46, 927
1 , 882
16, 256
1,790
25, 700
1,566
1,353 2,146
7, 460 i 1,580
2, 292
2, 179

1,914
2, 002
2, 000
1 , 734
2 285
l] 767
2, 344

1, 994
2, 079
2, 1 14
1,795
2. 395
1,884
2,411

2, 076
2.147
2, 216
1, 902
2,510
1,967
2,276

2, 051
2,161
2,214
1,813
2. 475
1,924
2, 244

2, 153
2, 270
2,304
1,915
2,718
1,952
2, 434

2 302
2,420
2, 429
2, 065
2, 980
2, 103
2, 644

2,406
2, 542
2, 535
2, 149
2, 893
2, 220
2, 668

2,407
2. 564
2, 495
2, 133
2, 855
2, 233
2,759

2, 515
2, 709
2, 591
2, 201
2, 927
2, 326
2, 868

2,591
2, 789
2, 665
2, 266
3, 013
2, 394
3, 008

Great Lakes __ .
Michigan _ ._
Ohio
Indiana
Illinois
Wisconsin

64, 894
14,127
17,241
7, 623
19 751
6. 1 52

70, 208
15, 785
18, 589
8, 251
20 968
6.615

75, 341
16, 587
19.901
8, 859
7, 137

78, 4B9
16, 923
20, 906
9,212
23, 941
7. 487

77, 939
16, 540
20, 494
9,123
24, 100
7, 682

83, 065
17, 469
21,947
9,700
25, 643
8, 306

86, 225
18, 225
22, 778
10, 192
26, 425
8. 605

1, 660
1,682
1,612
1, 520
1,826
1, 167

1, 872
1,865
1,867
1,695
2, 035
1, 697

1, 945
1,946
1,954
1, 756
2, 095
1, 760

2, 053
2,134
2, 018
1,913
2, 197
1.784

1,969
2,007
1, 924
1,787
2, 174
1, 709

2,094
2,178
2, 061
1,892
2 272
1,'804

2,207
2 229
2, ] 83
1,985
2, 440
1, 908

2, 260
2, 245
2, 253
2, 029
2, 505
1, 969

2,200
2. 163
2,159
1, 985
2,451
1, 989

2,316
2, 253
2, 283
2,101
2,571
2, 122

2, 373
2, 322
2, 339
2, 179
2, 613
2,171

Plains
Minnesota
Iowa
Missouri
North Dakota
South Dakota.. _ _ . _
Nebraska
Kansas
_
_ _
_ -

24,084
5,154
4,489
7 055
783
910
2, 259
3, 434

24, 683
5, 450
4 260
7 579
872
861
2,203
3, 458

26, 200
5, 768
4,572
8,082
917
926
2, 294
3.641

28,099
6,173
5, 110
8,310
939
1,091
2, 638
3, 838

29, 551
6, 484
5, 245
8, 666
1,049
1,124
2, 736
4,247

30, 372
6, 658
5, 409
9, 250
976
1, 020
2,757
4, 302

31,941
7,036
5,531
9, 522
1, 104
1,256
2, 988
4, 504

1,411
1,397
1,449
1,446
1 , 268
1,216
1,472
1,380

1,530
1,533
1, 554
1,562
1,322
1,416
1, 556
1,515

1, 607
1,579
1,625
1,661
1,232
1,244
1,670
1,715

1, 614
1,648
1,559
1,715
1,246
1,345
1, 605
1,637

1,656
1,648
1,706
1, 705
1,257
1, 375
1, 700
1, 691

1,664
1,710
1, 587
1, 795
1,389
1,279
1. 620
1,662

1, 743
1. 769
1,682
1,904
1 , 458
1,356
1, 650
1,725

1, 856
1,863
1,864
1,951
1,493
1,600
1, 892
1,809

1,954
1 , 945
1,921
2, 044
1,692
1, 675
1,977
1,984

1,988
1,971
1, 970
2, 158
1, 557
1, 502
1 , 966
1, 990

2,071
2, 054
2, 003
2, 199
1, 741
1,842
2,113
2, 068

Southeast
Virginia
_
West Virginia
Kentucky.
_ _ _ .
Tennessee
North Carolina
South Carolina _
Georgia
Florida. _
_ _
Alabama
Mississippi
Louisiana
Arkansas

43, 148
5, 256
2,414
3, 027
4, 056
5 023
2,414
4,414
5,312
3,258
1,836
3 756
1,782

47, 154
5, 603
2, 586
3, 782
4, 347
5, 535
2,604
4,918
6,088
3,708
2,065
3,985
1, 933

50, 971
6,094
2,878
4,022
4,652
5, 902
2, 711
5,274
6,979
3,932
2,097
4,424
2,006

53, 790
6, 386
3, 082
4, 203
4, 864
5, 976
2,818
5, 432
7,763
4, 206
2,116
4,884
2,060

56, 102
6, 641
2,974
4,347
5, 016
6, 300
2,931
5, 676
8,481
4,382
2,281
4,929
2, 144

59, 995
7, 041
3,060
4,564
5, 348
6,752
3,157
6,075
9,398
4, 602
2, 493
5, 145
2,360

62, 480
7,351
3,109
4,702
5,522
7,184
3,341
6, 349
9, 938
4, 785
2, 557
5, 245
2,397

1,011
1,234
1, 098
958
995
1, 012
882
1,017
1,287
869
733
1,087
807

1,127
1,393
1,221
1,121
1,080
1,115
1,046
1,141
1,375
986
793
1,173
905

1, 194
1,475
1,290
1,203
1,132
1,152
1,117
1,201
1,457
1,044
855
1,243
965

1,237
1,484
1,307
1 , 250
1,218
1,172
1, 141
1,239
1, 535
1,084
886
1,295
995

1, 232
1, 509
1, 253
1,246
1, 206
1,200
1,081
1,209
1,534
1,068
883
1,301
1,001

1, 323
1,571
1,356
1, 297
1,270
1,285
1,147
1,332
1, 659
1, 199
994
1,357
1,087

1,402
1,647
1, 521
1,285
1,351
1,348
1,182
1,402
1,771
1,258
989
1,461
1,136

1,446
1,671
1,636
1,429
1,401
1,345
1,210
1,418
1,829
1,325
992
1, 565
1,148

1, 485
1,702
1,582
1, 453
1,433
1,416
1,249
1,469
1,855
1,360
1,075
1,560
1,209

1, 566
1,792
1, 635
1,514
1, 508
1, 500
1,333
1,557
1,962
1,420
1, 153
1, 605
1,327

1,607
1,848
1,674
1, 543
1, 545
1, 574
1,397
1,608
1,988
1, 462
1,173
1, 604
1,341

Southwest...
Oklahoma
Texas
New Mexico
Arizona. _ _ _

19, 136
3, 162
13, 391
1,088
1,495

20,513
3,341
14, 380
1,159
1,633

22, 105
3,572
15, 422
1, 257
1,854

23, 697
3,730
16, 556
1,401
2,010

24, 869
3,942
17, 165
1, 558
2,204

26, 237
4,117
18, 033
1,689
2,398

27, 200
4,312
18, 508
1,730
2,650

1,288
1,146
1, 339
1, 162
1, 295

1,419
1,283
1,453
1,290
1,561

1,499
1,402
1, 523
1,345
1, 655

1,529
1,476
,549
,361
,610

1,553
1, 466
1,585
1,388
1,604

1,615
1,528
1,645
1,434
1,696

1,702
1, 595
1,732
1,527
1,816

1,772
1,641
1,815
1,610
1,806

1,819
1,736
1,843
1,723
1, 868

1, 883
1,789
1,908
1,820
1,912

1,912
1,848
1, 924
1,806
2,011

6,174
1,071
880
537
2, 543
1,143

6,670
1,158
917
570
2, 783
1,242

7,285
1,229
1,024
614
3, 064
1,354

7, 830
1,280
1,072
650
3,367
1, 461

8,207
1,338
1,121
688
3,550
1, 510

8,630
1,319
1, 186
728
3,776
1,621

9, 138
1,368
1,205
775
4,079
1,711

1,425
1,600
1,279
1,623
1,444
1,282

1,643
1,771
1,446
1,884
1,720
1,458

1,699
1,786
1, 574
1,828
1,791
1,504

,667
,798
1,499
1,854
1,714
1,526

1,632
1,747
1,494
1,790
1,673
1,500

1,701
1,862
1,518
1,810
1,758
1,556

1,793
1,902
1,654
1,913
1.851
1,645

1,884
1,934
1,678
2,012
1,989
1,743

1,965
2,015
1,738
2, 137
2,101
1,766

2,029
1,978
1,802
2,240
2, 186
1,848

2,108
2,018
1,796
2, 334
2, 320
1,910

35,815
4, 956
2,919
508
27, 432

39, 156
5,211
3,139
582
30, 224

42, 778
5, 502
3,398
605
33, 273

45, 460
5,832
3,400
646
35, 582

47,462
5,977
3, 556
688
37,241

51,887
6,350
3, 865
757
40,915

54,898
6, 626
4,005
819
43, 448

1,788
1,671
1,600
1, 938
1,839

1,975
1,816
1,757
2,183
2,037

2,068
1,909
1, 827
2, 365
2,129

2, 103
1,965
1,808
2, 357
2,165

2,089
1,952
1,767
2, 363
2, 154

2,210
1,981
1,857
2, 425
2,297

2,326
2,046
1,969
2,420
2,424

2,397
2,128
1,960
2,514
2,500

2,430
2, 148
2, 050
2, 586
2, 526

2,570
2,249
2,201
2,713
2,668

2,643
2,317
2, 259
2,844
2,741

493
893

500
952

548
1, 024

537
1,098

526
1,158

555
1,290

629
1,442

2, 231
1, 403

2, 629
1, 589

2,487
1, 745

2, 387
1,782

2,272
1, 768

2,283
1,789

2,491
1, S62

2,397
1,916

2,469
1, 946

2,546
2,118

2, 735
2.274

__

. .

New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut
Mideast
\ew York
New .Jersey
Delaware
_ _
\I irvland
District of Columbia

Rocky Mountain
Montana
Idaho
Wyoming
Colorado
Utah
Far West..
Washington
Oregon
Nevada
California

_

Alaska
Hawaii
1

Total includes Alaska and Hawaii in I960 but not in earlier years.




13, 01 6
1,909

Tables 4-27.—Persona! Income
[Millions of dollars]
Table 4.— United States
Lino

1958

1

Table 5.— New England

Table 6.— Maine

Table 7.—
New Hampshire

Item

Personal Income

1959

I960 2

1958

1959

1960

1958

1959

Table 8.— Vermont

1960

1958

1959

1960

1958

1959

1960

357, 498

380, 738

400, 002

23, 339

24, 786

26, 061

1,654

1,724

1,851

1,097

1,192

1,263

649

694

727

255, 885
2,917
3,834
83
926
1,758
1,067
15, 196
84, 720
46, 255
11,789
4,936
6,853
14, 183
5,598
4, 468
4.117
7,743

269, 118
2, 956
3, 832
68
887
1,712
1,165
15,619
87,411
49, 073
12, 551
5,312
7, 239
14, 577
5,499
4,658
4,420
8,152

15, 752
111
26

17, 006
111
26

17, 806
106
27

1,036
24
1

1,117
24
1

1,178
24
2

736

811
6
1

858
6
1

401
16
6

439
16
5

457
17
6

1
25
821
6,272
2,675
822
287
534
546
175
218
152
478

1
25
870
6,949
2,834
875
312
563
567
166
239
162
495

1
26
892
7,143
3,039
924
330
594
578
159
249
170
517

1
54
368
173
34
15
19
50
27
15
8
33

1
66
396
187
37
16
21
52
26
17
9
35

2
63
415
197
38
17
22
53
25
18
10
36

39
301
105
27
10
18
24
9
10
4
25

1
42
340
113
30
10
19
24
8
11
5
25

1
47
351
124
31
11
20
25
8
12
5
26

6
24
127
64
16
6
9
23
15
6
2
13

5
28
146
71
17

6
30
150
75
18

10
24
15
7
2
13

10
23
14
7
2
14

20
21
22
23
24
25
26
27
28
29
30
31

Wage and salary disbursements
237, 063
Farms.
___
2,855
Mining
3,774
98
Anthracite
Bituminous and other soft coal mining._ ___
942
Crude petroleum and natural gas
1, 691
Mining a n d quarrying, except fuel _ _ _ _ _
1,043
Contract construction
14, 058
Manufacturing
76, 701
Wholesale and retail trade
__
43, 060
Finance, insurance, and real estate
10, 905
Banking and other finance
4,473
6,432
Insurance and real estate .
Transportation
13,362
Railroads
_
._
5, 560
Highway freight and warehousing
3,924
Other transportation
3,878
7,397
Communications and public utilities
Telephone, telegraph, and other communi4,052
cations
3,345
Electric, gas and other public utilities
23, 892
Services
1,345
Hotels and other lodging places
_ __ __
6, 042
Personal services and private households
3,942
Business and repair services
1,770
Amusement and recreation
_
- _
Professional, social and related services
10, 793
40, 486
Government
Federal, civilian
11,641
7,482
Federal, military
21,363
State and local
573
Other industries

4,221
3,522
25, 946
1,440
6, 245
4,517
1,908
11,836
42, 703
11,979
7, 737
22,987
599

4, 455
3,697
28, 176
1, 532
6,626
5,030
2,017
12,971
46, 144
12, 904
8,078
25, 162
627

268
210
1,640
78
386
216
74
885
2,303
580
466
1,256
59

274
221
1,779
82
396
259
77
965
2,441
606
484
1,351
60

286
231
1,957
85
421
308
82
1,061
2, 565
647
477
1,441
58

18
15
82
8
26
4
3
41
208
54
64
90
8

19
15
90
9
27
4
3
46
222
60
65
97
8

20
16
98
10
30
4
4
51
244
68
72
105
9

13
12
70
8
16
3
5
39
136
40
33
62
1

13
12
76
8
16
5
5
42
152
46
40
65
1

13
12
83
8
17
6
5
47
162
52
39
70
1

7
6
46
5
11
1
2
26
67
16
9
42

7
6
48
6
11
1
2
29
70
16
8
46
1

8
6
53
6

2
3
4
4a
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

Vs

1
1

2
2
32
71
16
6
49
1

32

Other labor income

9,357

10, 294

10,891

582

645

680

31

34

37

25

27

30

15

17

18

33
34
35

Proprietors' income
Farm
Nonfarm

46,052
13, 548
32, 504

46,333
11,318
35, 015

48, 163
11,971
36, 192

1,972
218
1,754

2,012
135
1,877

2,161
199
1,962

2S6
77
159

201
32
169

249
74
174

109
14
95

113
11
102

121
12
110

99
35
65

97
26
71

104
28
76

36

Property income

45,568

48, 912

52,015

3,491

3,620

3,851

230

250

265

154

168

179

86

94

100

37

Transfer payments

26,294

27, 208

29,049

1,960

1,995

2,143

151

157

164

92

95

101

59

61

65

38

Less: Personal contributions for social insurance.

6,834

7,893

9,238

417

493

581

31

35

41

19

22

27

12

14

17

_

[Millions of dollars]
Table 17.— Maryland

Table 16.— Delaware

1

Table 18.— District of
Columbia

Table 19.— Great Lakes

Table 20.— Michigan

Item

Line

Personal Income

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1,222

1,285

1,353

6,641

7,096

7,460

2,119

2,200

2,292

77,939

83,065

86,225

16,540

17,469

18,225

779
9
3
()

815
9
3
()

860
9
3
()
(33)
()

5,408
32
13
1
3
()
11
339
1,353
916
238
86
151
285
116
78
91
156

1,442

(33)
()

5,143
30
12
2
3
()
11
336
1,309
861
224
81
143
272
114
76
83
153

1,404

(*)
(3)

4,894
32
12
2
3
()
10
298
1,250
796
204
73
131
253
103
70
80
146

45
40
175
46
16
30
61
36
6
19
34

48
40
168
47
16
30
62
38
6
17
32

1,493 .53,181
325
407
145
90
172
3, 029
48
40 22, 836
9,091
182
2,049
47
837
17
1,212
30
2,809
62
1, 294
38
1,022
6
18
493
1,540
33

57,852
328
426
154
92
179
3,131
25, 658
9,759
2,177
900
1,277
3,056
1,321
1,189
547
1,617

60, 105
324
437
148
94
194
3,200
26, 205
10, 259
2,312
960
1, 352
3,128
1,309
1,234
585
1,676

11,261
64
80
1
10
70
523
5,358
1,749
345
153
192
398
139
190

346

12,207
69
83
1
11
71
562
5,974
1,883
363
162
200
443
141
224
78
359

12 832
66
97
1
13
83
567
6,253
1,972
383
172
211
458
137
235
85
367

76
70
485
20
153
63
30
220
1,311
672
257
382
16

81
72
535
22
157

82
74
582
24
161
86
34
277
1,477
767
250
461
16

21
12
212
12
62
19
5
113
789
632

20
12
219

78
78
4

768
772
4,529
220
997
754
275
2,283
6, 494
1,466
591
4,437
73

804
813
4, 849
232
1, 023
830
286
2.477
6, 773
1, 489
622
4, 661
78

832
844
5,184
239
1,070
901
295
2, 680
7, 300
1,565
636
5, 099
80

162
184
916
34
203
147
55
478
1,472
220
103
1, 149
9

169
190
979
36
206
162
56
519
1, 482
224
109
1,149
10

175
192
1,042

822
658
83
81
4

20
12
235
13
68
26
6
123
844
680
77
87
4

30

30

2, 526

2, 75 4

2,868

669

700

168

184

194

8, 830
2, 302
6, 528

8,775
1.816
6, 929

8, 994
1,894
7. 099

1,657
314
1, 313

1,670
241
1, 429

1,698
243
1,455 1

29
30
31

Wage and salary disbursements
Farms
Mining
Bituminous and other soft coal mining
Crude petroleum and natural gas
Mining and quarrying, except fuel
Contract construction
M anuf acturing
Wholesale and retail trade
Finance, insurance, and real estate
Banking and other finances
Insurance and real estate .
Transportation
_
Railroads
Highway freight and warehousing
Other transportation
Communications and public utilities
Telephone, telegraph, and other communications
Electric, gas, and other public utilities
Services
Hotels and other lodging places. _
_ _ _ __
Personal services and private households
Business and repair services
Amusement and recreation
Professional, social, and related servicesGovernment
_
Federal, civilian
Federal, military
__ _
State and local
Other industries

32

Other labor income

41

45

47

150

169

177

33
34
35

Proprietors' income
Farm
Nonfarm
_

97
25
72

99
23
76

104
29
76

602
81
520

622
50
566

G58
583

168

181

194

36

Property income

265

288

304

Sll

872

920

361

380

403

i>,914

10, 466

1, 933

2,061

2,177

56

57

5»

427

465

500

233

248

264

5,490

5,375

5,677

1, 284

1,115

1, 181

16

19

23

153

176

204

74

84

92

1,354

1,605

1,885

264

314

371

2
3
4
5
6
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27

__

37 1 Transfer payments
38

Less: Personal contributions for social insurance
_
_

.Notes for tables 4-62a:

58
358
97
26
13
13
39
16
10
13
17

63
372
105
28
14
14
42
17
11
14
17

9
8
69
2
25
10
4
28
103
18
32
53
1

8
9
74
3
25
10
5
31
104
18
31
54
2

57
394
110
30
15
14
50
16
12
22
18
8
10
78
2
26

l

l
34
112
20
34
59
1

32
249
1, 395
714
271
410
17

63

J

217
172
58
558
1,617
241
117
1, 259
10
70S

1. Data for 1929-53 are published in Personal Income by States Since 1929, A Supplement to the Survey of Current Business; for 1954-56 in August 1959 Survey; for 1957 in August 1960 Surrey.



by Major Sources, 1958-60
[Millions of dollars]
Table 10.—
Rhode Island

Table 9.— Massachusetts

Table

11.— Connecticut

Table 12.— Mideast

Table 13.— New York

Table 15.—
Pennsylvania

Table 14.— New Jersey

Line

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

11,668

12, 387

13, 016

1,738

1,850

1,909

6,533

6,939

7,295

90, 029

95,766

99,988

42,061

45, 016

46, 927

14, 404

15, 441

16, 256

23,582

24,728

25, 700

1

7,918
33
12

8,534
33
11

8,943
29
12

1,187
3
1

1,278
3
1

1,316
3
1

4,474
28
5

4,828
29
6

5,053
27
6

32, 067
108
66

10,145
50
23

10,987
48
23

11, 595
45
22

1
11
404
3,382
1,623
481
186
295
301
73
129
99
266

5
281
2, 055
702
261
75
186
127
33
55
39
126

6
278
2,281
746
280
83
197
132
33
60
39
132

6
284
2,345
800
296
88
208
136
32
63
41
137

69, 070
265
407
68
179
28
132
3,575
23, 511
12, 814
3,901
1,712
2,188
3,716
1,151
1,035
1,530
2,168

30, 754
122
67

1
11
396
3, 288
1,513
455
175
279
296
77
124
95
253

66, 106
288
432
83
191
30
129
3,554
22, 674
12, 148
3,749
1,641
2,108
3,588
1,178
990
1,421
2,067

28,818
122
64

1
10
367
2,976
1,436
430
163
267
285
82
115
88
246

62, 054
290
453
98
201
29
125
3,263
21, 120
11, 530
3,507
1,494
2,013
3,418
1,161
898
1,359
2,009

1
8
55
1,463
8,634
6,127
2,136
965
1,171
1,518
379
337
803
989

1
9
57
1,605
9,248
6,446
2,297
1,072
1,225
1,594
379
370
845
1,014

1
9
57
1,615
9,501
6,786
2,381
1,113
1,268
1,665
371
389
906
1,068

23
553
4,222
1, 654
460
159
300
566
146
208
213
311

23
624
4,590
1, 812
485
172
313
598
141
234
223
323

22
653
4,768
1,953
508
183
326
630
134
249
247
342

16, 103
78
355
98
199
21
38
846
6,616
2,680
636
268
368
980
481
268
232
512

16, 966
79
330
83
188
20
38
879
7,115
2,756
668
286
382
1,021
489
294
238
527

17,646
71
305
68
177
20
41
864
7,454
2,866
697
298
399
1,024
477
301
246
551

2
3
4
4a
5
6
7
8
9
10
11
12
13
14
15
16
17
18

144
102
912
38
195
142
37
500
1,189
330
204
656
32

145
108
1,002
40
201
174
38
549
1,254
340
206
709
32

153
113
1,104
41
212
208
41
601
1,312
360
207
745
30

69
57
427
15
111
55
21
224
449
75
54
320
14

•70
61
454
16
114
64
22
239
475
77
61
337
15

74
64
500
16
120
74
23
266
507
81
65
361
14

1,162
847
7,032
383
1,695
1,444
496
3,014
9,321
3,270
1,013
5,038
109

1,181
886
7,611
404
1,758
1,628
527
3,294
9,880
3,367
1,069
5,444
116

1,236
932
8,163
421
1,837
1,769
558
3,578
10, 434
3,535
1,048
5,852
115

659
330
3,782
238
840
892
328
1,484
3,933
959
282
2,692
50

668
346
4,075
248
879
979
347
1,622
4,232
964
308
2, 961
53

700
368
4,351
256
914
1,056
366
1, 759
4,472
997
304
3,171
52

162
150
1,015
43
250
271
58
392
1,276
312
215
748
16

166
157
1,128
47
266
312
63
440
1,341
324
224
792
17

175
166
1,234
49
282
347
68
488
1,422
347
230
845
17

235
277
1,469
68
364
190
71
777
1,909
677
149
1,084
22

238
290
1,580
73
367
230
75
835
1,986
689
152
1,145
24

250
301
1,682
77
385
243
80
898
2,108
724
154
1,230
24

19
20
21
22
23
24
25
26
27
28
29
30
31

295

328

335

43

48

49

172

191

210

2,456

2, 713

2,857

1,050

1,157

1,232

444

499

522

744

814

848

32

853
37
816

905
24
881

954
38
915

126
7
119

128
5
123

134
6
128

548
49
499

567
37
530

600
42
558

8,158
791
7,368

8,553
584
7,969

8,869
707
8,162

3,829
292
3,537

4,123
230
3,893

4,242
271
3,972

1,371
96
1,275

1,428
72
1,356

1,510
87
1,422

2,092
296
1,796

2,097
203
1,894

2,161
245
1,916

33
34
35

1,735

1,758

1,857

254

275

290

1,030

1,075

1,161

12,529

13,548

14, 334

6,261

6,829

7,250

1,735

1,864

1,972

3,096

3,314

3,485

36

1,075

1,113

1,221

166

165

170

417

404

422

6,640

6,875

7,205

2,971

3, 094

3,221

972

969

1,017

1,982

2,041

2,144

37

208

250

294

39

44

50

108

126

152

1,809

2,029

2,348

869

940

1,086

263

307

360

434

502

583

38

1958

(3)

(3)
1

1

58
445
195
54
19
35
37
8
18
11
36

60
496
205
57
20
37
39
8
19
12
38

1
64
501
219
60
21
38
40
8
20
13
38

17
19
103
4
28
11
6
56
254
65
103
86
3

18
19
108
4
28
11
6
59
268
68
103
97
3

18
20
118
4
30
13
7
65
269
70
88
110
3

(3)

[Millions of dollars]
Table 22.—Indiana

Table 21.— Ohio

1958

1959

1960

1958

1959

1960

Table 23.— Illinois

Table 24.— Wisconsin

Table 25.— Plains

Table 26.— Minnesota

1960

1958

1959

1960

1958

1959

1960

1958

24, 100 25,643

1958

1959

1959

1960

Line

Table 27.—Iowa

1958

1959

1960

21, 947 22, 778

9,123

9,700

10, 192

26,425

7,682

8,306

8,605

29,551

30,372

31,941

6,484

6,658

7,036

5,245

5,409

5,531

1

14, 163 15,494
62
61
111
103
52
56
20
20
34
31
810
795
6,352
7,230
2,508
2,349
522
487
204
220
302
283
782
849
357
350
264
311
181
168
404
381

16, 017
61
112
55
23
34
788
7,339
2,656
554
234
320
882
360
326
196
421

6,188
45
49
24
7
18
357
2,849
1,009
219
95
123
340
181
124
35
174

6,780
44
53
25
9
19
344
3,231
1,082
237
102
135
368
185
145
39
185

7,096
46
53
25
8
20
381
3,321
1,136
254
109
144
371
181
149
41
196

16,651
92
156
68
54
35
1,067
6,122
3,164
823
315
508
1,060
525
354
181
496

17,965
92
161
72
53
36
1,104
6,778
3,395
867
340
527
1,146
538
403
205
517

18,519
90
154
68
49
37
1,132
6,789
3,556
920
362
559
1,160
534
412
214
531

4,918
62
18

5,407
61
18

5,641
60
20

4,214
63
86

4, 437
60
112

2,661
70
16
2

2,918
74
15
2

(3)

18
311
2,446
891
188
77
112
251
100
106
44
152

20
333
2,502
938
200
82
118
257
97
112
48
161

19, 015
327
272
11
81
180
1,267
5,089
3,906
915
406
509
1,445
772
414
259
655

3,980
58
92

18
287
2,154
819
176
70
106
229
99
91
39
144

17, 006 18,276
331
329
254
258
10
10
90
88
154
160
1,222
1,093
4,986
4,503
3,756
3,528
857
799
377
347
480
451
1,342
1,429
786
768
396
350
224
247
592
627

309
178
67
64
124

(3)
86
297
1,158
882
207
93
114
330
180
72
78
131

(3)
112
306
1,210
921
221
100
121
337
178
75
83
138

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

201
203
1,203
53
282
185
82
601
1,771
496
155
1,120
25

210
211
1,287
55
290
202
84
656
1,891
512
152
1,227
25

82
91
411
20
109
45
23
213
724
162
55
508
11

88
97
445
21
111
53
23
236
779
167
62
550
12

90
105
485
23
117
61
24
260
841
171
66
604
12

268
227
1,682
96
330
339
98
818
1,967
489
240
1,238
22

275
241
1,793
102
336
375
103
877
2,089
500
249
1,340
24

282
249
1,905
102
353
401
105
944
2,255
530
255
1,469
24

67
77
394
21
81
49
21
222
628
100
46
482
7

71
81
430
22
87
55
22
244
652
102
48
503
7

75
86
464
23
92
64
23
262
697
110
47
540
7

305
287
1,633
86
357
195
84
912
2,897
708
449
1,739
32

324
303
1,738
91
358
214
88
986
3,039
721
479
1,838
35

340
315
1,878
95
372
245
93
1,074
3,224
764
486
1,974
37

64
60
400
22
72
50
19
236
612
124
39
448
9

65
66
406
23
68
54
19
241
646
127
42
447
10

69
69
441
24
72
60
19
265
682
131
43
509
10

20,494

188
192
1,127
50
275
173
77
552
1,702
495
148
1,060
23

92
275
1,060
845
198
88

no

14
162
789
555
121
52
70
165
101
49
15
100

13
188
915
596
131
56
76
174
104
55
15
106

3,014
72
14
2
(3)
13
194
912
621
143
61
81
175
102
58
16
110

49
51
250
11
56
26
12
145
425
88
26
311
9

52
53
268
12
58
28
13
158
441
92
26
323
10

54
56
291
12
61
31
14
173
470
99
24
348
10

19
20
21
22
23
24
25
26
27
28
29
30
31

(3)

(3)

675

750

793

317

348

368

654

725

755

211

232

244

611

665

701

144

157

164

95

105

110

32

2,044
393
1,651

2,060
296
1,763

2,160
356
1,804

1,208
442
766

1,127
318
810

1,225
383
842

2,794
740
2,053

2,738
569
2,169

2,747
539
2,207

1,128
413
715

1,180
422
758

1, 165
373
792

6,644
3,534
3,110

5,804
2,476
3,328

6,312
2,859
3,453

1,200
556
643

1,068
392
676

1,166
469
696

1, 529
926
604

1,350
701
649

1,311
630
681

33
34
35

2,514

2,680

2,817

936

1,002

1,057

2,880

3,087

3,265

1,004

1,083

1,150

3,718

3,997

4,242

782

839

885

689

744

795

36

1,478

1,407

1,511

631

625

661

1, 546

1,641

1,740

549

556

585

2,096

2,236

2,370

498

512

537

354

390

410

37

381

444

519

157

182

2)5

424

513

601

128

153

180

524

606

700

118

133

153

83

98

109

38

2. Totals include Alaska and Hawaii in 1960, but not in earlier years.
3. Less than $500,000.




NOTE.—Detail will not add to totals due to rounding.

SURVEY OF CURRENT BUSINESS

16

August 1961
Tables 28-51.—Personal Income

[Millions of dollars]

1

Table 30.— South
Dakota

Table 29.— North
Dakota

Table 28.— Missouri

Table 31.— Nebraska

Table 32.— Kansas

Item

Line

Personal Income _ _

1958

1959

1960

1958

8,666

9,250

9,522

1,049

5, 530
57
35
5
1
29
315
1,732
1,158
270
112
159
454
204
143
107
198

5,989
54
35
5
1
29
355
1,931
1,235
292
122
169
485
209
166
111
211

6,179
50
36
5
(3)
30
347
1,972
1,277
307
130
177
495
203
176
115
216

500
34
12
2
9
1
50
25
130
19
10
9
46
36
8
3
18

102
96
537
30
126
78
29
273
765
237
133
395

110
101
579
32
129
88
32
299
804
242
142
420
8

113
103
626
34
136
100
34
322
845
256
140
450
8

9
9
54
3
10
3
2
36
112
26
8
78
1

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

976

1,104

1,124

1,020

1,256

2,736

2,757

2,988

4,247

4,302

4,504

539
32
12
2
9
1
57
27
138
21
11
11
48
36
9
3
20

562
34
9
2
7
1
53
26
138
24
12
12
47
36
9
3
24

512
24
12

551
22
12

578
20
12

1,419
42
10

1,550
44
12

1,675
47
12

12
41
52
118
20
11
9
27
13
11
2
20

(3)
12
50
60
127
22
12
10
30
13
14
3
21

(3)
12
60
59
133
25
14
11
31
13
14
4
23

6
4
90
254
305
87
33
54
137
89
34
14
48

7
5
108
283
329
93
36
58
146
90
38
18
51

7
5
137
306
353
100
39
61
144
87
38
19
54

2,404
43
81
2
71
8
160
590
418
83
42
41
205
147
38
19
84

2,514
41
83
2
72
9
169
612
449
90
47
43
216
154
43
20
88

2,570
43
77
2
67
8
170
605
463
96
50
45
216
153
44
19
91

10
10
59
3
10
4
2
40
124
29
15
81
1

13
10
64
4
9
4
2
45
144
30
24
89
1

10
10
50
3
10
3
3
32
147
40
29
78
1

11
10
55
3
10
2
3
36
151
42
31
79
1

12
11
58
3
9
3
3
39
156
45
26
84
1

34
14
142
8
30
15
8
80
301
76
60
165
3

36
15
154
9
30
17
8
90
327
78
68
180
3

38
16
170
9
31
24
8
98
349
84
72
193
3

38
47
201
8
53
19
11
110
535
117
153
265
3

40
48
217
8
54
21
11
122
545
112
156
278
4

41
50
229
9
54
22
12
132
577
120
157
300
4

1959

20
21
22
23
24
25
26
27
28
29
30
31

Wage and salary disbursements
Farms
Mining
_
Bituminous and other soft coal mining
Crude petroleum and natural gas.. _ _
Mining and quarrying, except fuel
Contract construction
Manufacturing
_ __
__ _
Wholesale and retail trade
Finance, insurance, and real estate
__ _
Banking and other finances
Insurance and real estate
_
__
Transportation
Railroads
Highway freight and warehousing
Other transportation. _
__
Communications and public utilities _ _
Telephone, telegraph, and other communications
___
_
Electric gas, and other public utilities
Services
- Hotels and other lodging places
Personal services and private households
Business and repair services
Amusement a n d recreation
_ ______
Professional, social, and related services
Government
___
__
Federal civilian
Federal military
State and local
Other industries _
-

32

Other labor income

2C7

225

234

16

17

18

16

17

18

44

48

52

90

97

104

33
34
35

Proprietors' income
Farm
Nonfarm

1,360
510
850

1,372
457
916

1,370
431
939

374
260
114

248
126
122

339
216
123

412
285
127

255
115
140

452
302
150

794
499
295

647
327
320

718
371
347

975
498
478

864
357
507

957
440
517

36

Property income

1,084

1,161

1,226

105

115

125

128

139

150

357

386

414

574

613

619

37

Transfer payments

648

688

732

72

77

81

77

85

90

170

184

197

278

300

324

38

Less: Personal contributions for social insurance

162

187

219

18

20

99
""

22

26

31

47

58

68

73

85

99

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19

- -

___
_ -

[Millions of dollars]
Table 41.— Florida

Table 40.— Georgia

1958
1

Table 42.— Alabama

Table 13.— Mississippi

Table 44. — Louisiana

Item

Line

Personal Income

__ _

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

5,676

6,075

6,349

8,481

9,398

9,938

4,382

4,602

4,785

2,281

2,493

2,557

4,929

5,145

5,245

3,838
57
19

4,187
62
22

4,370
59
22

5,112
100
36

5,633
109
38

6,008
111
42

3,246
34
66
43
1
22
170
982
512
137
49
88
148
64
46
38
98

1,355
49
23

1,467
50
29

1,540
49
29

3,264
46
247

3,379
48
262

3,441
43
255

(3)

3,115
34
62
40
2
20
166
968
488
135
45
90
146
65
44
37
92

20
3
81
363
222
49
22
26
60
31
19
9
48

26
3
87
388
244
56
26
29
64
32
21
10
51

26
3
82
396
257
60
29
32
65
32
22
12
54

228
18
276
627
601
131
57
74
238
77
44
118
119

243
19
260
649
638
142
62
80
246
76
48
122
126

236
19
243
659
654
149
66
83
251
73
48
130
131

43
49
285
10
110
56
9
101
735
318
118
299
4

46
53
300
11
114
56
10
110
792
355
120
318
5

22
26
133
8
59
12
4
50
322
80
77
165
6

24
28
141
8
61
13
4
54
352
82
93
177
6

25
29
152
9
64
15
5
59
387
92
102
194
8

52
67
344
18
119
44
17
146
626
118
138
369
10

55
71
361
19
120
48
17
157
637
115
121
402
10

56
75
383
19
123
53
18
170
661
122
106
433
12

19
192
1,086
727
181
69
112
228
109
69
50
114

22
211
1,226
788
200
79
121
246
107
82
58
123

22
214
1,246
831
217
89
129
254
106
85
63
131

2
34
528
666
1,156
296
103
193
300
93
54
152
142

2
36
578
796
1,275
341
122
219
327
93
63
171
158

2
40
578
873
1,371
374
138
236
328
90
68
170
174

2,911
30
60
37
2
21
157
906
448
122
41
81
145
69
38
38
84

67
48
350
16
148
44
15
128
859
269
279
312
23

72
51
370
17
150
53
17
132
917
283
290
344
22

78
54
395
18
157
58
19
143
970
298
297
375
29

92
50
714
95
242
102
46
228
1,144
253
367
524
32

101
57
774
100
252
100
51
271
1,205
263
362
579
32

113
61
854
101
284
111
57
302
1,268
280
345
643
34

40
45
263
9
109
46
8
91
691
302
120
269
4

20
21
22
23
24
25
26
27
28
29
30
31

Wage and salary disbursements
Farms
Mining
Bituminous and other soft coal mining .._
Crude petroleum and natural gas
Mining and quarrying, except fuel
Contract construction
Manufacturing
Wholesale and retail trade _ _
- __
Finance, insurance, and real estate
Banking and other finances
Insurance and real estate
Transportation __
_ _
Railroads
Highway freight and warehousing
Other transportation...
_.
Communications and public utilities
Telephone, telegraph, and other communications - . - - - _ .
._
Electric, gas, and other public utilities
Services
_
Hotels and other lodging places
Personal services and private households
Business and repair services
Amusement and recreation
._ _ _ _
Professional, social, and related services
Government
_ _
Federal, civilian
Federal, military
State and local
._ ._
Other industries

32

Other labor income

120

134

143

138

156

174

114

125

128

50

55

58

146

159

159

33
34
35

Proprietors* income
Farm
Nonfarm

864
303
560

850
246
604

888
270
618

1,281
323
957

1,445
398
1,047

1, 439
345
1,094

694
274
419

671
221
450

685
226
459

508
233
276

583
288
295

550
251
299

648
164
484

679
176
503

668
160
508

36

Property income

544

584

623

1,407

1,558

1,673

384

412

439

198

212

227

556

589

622

37

Transfer payments

417

443

467

684

773

841

372

384

410

215

230

246

402

435

465

38

Less: Personal contributions for social insurance

106

124

143

141

166

197

92

105

123

46

54

64

86

96

111

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19




._

(3)

SURVEY OF CURRENT BUSINESS

August 1961
by Major Sources, 1958-60 1

Table 33.— Southeast

17

[Millions of dollars]

Table 34.— Virginia

Table 36.— Kentucky

Table 35.— West
Virginia

Table 37.— Tennessee

Table 39.— South
Carolina

Table 38.— North
Carolina

Line
1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

6,641

7,041

7,351

2,974

3,060

3,109

4,347

4,564

4,702

5,016

5,348

5,522

6,300

6,752

7,184

2, 931

3,157

3,341

1

36,601 39,485
665
630
1,012
1,031
550
538
321
300
172
162
2,446
2, 268
9, (532 10,710
6,938
6, 394
1, 516
1,676
649
580
1,027
937
2, 151
2, 216
948
988
575
660
588
638
1, 073
1,149

41,225
655
1,004
513
313
179
2,474
11, 121
7,312
1,797
714
1.083
2,275
937
682
656
1,214

4,818
61
68
56

5,174
62
70
58

5,400
62
67
54

4,723
87
13

1,992
41
4

2, 183
42
5

2,316
40
5

2
3
4

(3)

(3)

12
305
1,144
861
211
77
134
314
126
79
108
138

2,997
40
149
120
18
10
171
884
498
99
46
53
186
108
48
30
93

4,483
92
12

(3)

2,900
38
150
120
19
11
175
869
483
93
43
51
184
107
48
29
89

4,063
88
12

12
296
1,079
809
201
72
129
313
130
75
108
132

2,719
37
154
128
17
9
150
787
451
87
40
48
190
118
42
29
85

3,709
41
28
9

(3)

2,083
11
304
285
15
4
91
668
301
58
24
34
148
100
29
20
98

3,565
42
29
10

12
272
980
740
185
66
119
304
140
65
99
125

2,060
11
326
307
15
3
94
646
295
56
23
33
143
96
28
19
97

3,290
37
27
10

(3)

1,987
11
336
318
15
3
97
594
286
54
22
32
138
96
25
17
93

17
158
1,112
602
144
54
89
192
92
72
28
73

18
182
1,235
649
156
60
97
200
87
82
31
77

19
190
1,280
684
168
64
104
202
87
83
32
81

12
187
1,494
663
149
61
88
201
72
101
28
95

12
219
1,697
730
164
68
95
215
68
117
30
105

13
229
1,769
776
178
76
102
220
68
121
31
113

4
105
724
280
77
26
51
65
30
24
12
47

5
111
819
301
86
30
56
66
27
27
13
48

5
124
865
318
94
33
61
64
24
26
14
51

5
6
7
8
9
10
11
12
13
14
15
16
17
18

611
538
3, 836
247
1,343
531
184
1, 530
8, 665
2, 550
2,380
3,735
123

649
565
4, 142
254
1,429
582
200
1, 676
9,092
2,726
2,328
4,038
138

73
52
431
23
143
72
18
175
1,632
733
518
382
19

77
55
480
26
146
98
20
189
1,713
765
548
400
20

81
57
516
28
157
103
22
208
1,764
821
504
439
18

32
61
135
9
38
15
9
64
241
50
15
176
2

32
65
142
9
37
18
10
68
248
52
16
181
2

32
66
147
9
38
18
11
72
255
55
15
185
2

40
45
239
11
72
22
15
118
535
130
168
237
4

42
48
255
14
73
26
16
126
559
133
174
252
5

43
50
270
12
76
28
16
137
603
140
188
275
5

58
16
325
12
115
49
13
136
616
209
97
310
3

62
15
344
13
117
54
15
145
649
215
96
338
3

65
16
369
14
122
58
16
159
664
208
94
362
3

52
43
351
14
152
27
14
144
813
138
274
401
11

56
49
383
16
157
33
14
163
855
135
291
429
11

61
52
423
18
169
41
16
180
904
155
297
453
11

25
22
161
6
76
11
5
63
484
112
191
181
3

28
21
179
7
76
21
5
70
523
119
214
189
3

28
23
200

56, 102

571
502
3, 560
229
1,314
455
168
1,393
8, 243
2,466
2,316
3, 462
122

59, 995 62, 480

80
28
6
78
553
129
214
209
4

19
20
21
22
23
24
25
26
27
28
29
30
31

1,339

1,466

1,550

140

151

165

141

147

150

126

132

137

125

140

148

128

143

154

61

69

74

32

8,587
3,248
5,339

8,853
3,105
5,747

9,011
3,083
5,928

771
247
524

745
175
569

790
201
589

288
53
235

287
42
244

295
47
248

726
344
382

721
310
412

723
305
418

769
303
465

775
275
500

753
239
514

1,172
588
584

1, 132
495
636

1,259
591
668

433
182
250

432
159
273

463
174
290

33
34
35

6,189

6,677

7,090

685

733

770

306

326

344

462

496

524

523

559

593

612

655

697

290

311

327

36

4,449

4,739

5,037

396

430

449

306

300

305

401

412

436

400

416

443

426

458

492

206

220

228

37

1,063

1,224

1,432

168

192

223

54

60

69

86

98

115

91

107

125

103

119

142

50

58

68

38

[Millions of dollars]
Table 45.— Arkansas

Table 46.— Southwest

Table 47.— Oklahoma

1958

1958

Table 48.— Texas

Table 49.— New Mexico

Table 50.— Arizona

Table 51.— Rocky
Mountain
Line

1959

1960

1959

1960

1958

4,117

4,312

17, 165

2,521
38
266
5
252
8
159
396
465
102
49
53
148
42
48
59
94

2,593 10,918
272
37
254
679
4
242
643
8
37
664
162
2,241
396
486
2,151
478
112
194
54
285
58
735
153
42
270
196
50
62
269
376
97

1958

1959

1960

2,144

2,360

2,397

24, 869 26, 237 27, 200

3,942

1,252
73
26
2
14
10
64
292
219
43
19
24
90
60
22
8
46

1,338
76
26
2
14
10
68
338
238
48
21
26
95
61
26
8
50

1,391
78
24
1
13
10
76
354
248
51
23
28
96
60
28
9
52

15, 854 16,912 17, 562
416
408
407
1,115
1,156
1,159
5
6
5
945
981
956
169
165
198
1,062
1,150
1,172
2,891
3,101
3,163
3,015
3,267 3,390
665
726
783
279
307
336
386
419
446
984
1,059
1,076
370
381
373
273
312
307
342
372
391
571
606
634

2,388
39
260
5
248
8
141
374
436
94
45
49
138
40
42
56
93

20
27
114
8
42
11
6
48
279
71
71
137
5

21
28
122
8
43
12
6
53
273
70
57
145
5

22
30
131
8
45
13
6
58
272
72
47
153
8

44
49
210
10
57
32
11
99
597
210
139
248
7

46
48
230
11
60
38
11
111
616
217
141
258
7

259
312
1, 561
88
475
215
77
706
3,529
999
1,007
1,524
44

279
328
1,704
98
497
251
82
775
3,690
1,028
1,021
1, 641
45

292
342
1,834
103
515
274
89
853
3,895
1,083
1,039
1,774
47

46
51
243
12
60
39
12
120
644
230
138
275
8

171
205
1,060
54
353
145
53
454
2, 229
580
681
968
32

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

18, 033 18, 508

1,558

1,689

1,730

2,204

2,398

2, 650

8,207

8,630

9,138

1

11,604
274
711

11,966
279
698

1,207
26
106
1
54
51
100
86
186
43
18
26
56
30
18
7
50

1,615
65
82

1,795
65
101

(3)
85
157
203
270
57
26
31
59
30
19
10
58

(3)
82
177
237
304
68
31
38
63
30
22
10
64

(3)
101
210
260
335
78
35
43
63
29
23
10
71

5,074
150
266
29
93
144
429
808
986
197
96
102
404
240
105
58
183

5,444
146
267
26
99
142
444
903
1,080
218
108
111
425
243
117
65
194

5,824
150
276
28
97
152
471
999
1,146
234
117
117
426
238
122
66
202

2
3

660
38
700
2, 421
2,383
550
230
320
805
272
221
312
416

1,172
30
98
1
56
41
110
83
179
41
16
25
55
30
18
7
48

1,465
69
85

672
39
704
2,385
2,318
515
211
304
793
278
219
296
401

1,082
36
90
1
54
36
100
74
159
36
14
22
52
29
15
7
44

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

184
217
1,138
59
368
164
56
490
2,332
593
695
1,045
32

193
224
1,218
62
378
179
61
538
2,462
620
725
1,117
34

17
27
148
8
22
18
4
95
344
112
98
133
2

19
29
161
9
23
23
5
101
364
116
97
150
2

20
29
171
10
25
22
6
109
382
123
96
164
2

26
31
144
16
42
19
9
58
359
96
89
174
2

30
34
174
18
46
26
10
74
378
102
88
188
3

32
39
202
20
52
34
10
86
407
110
80
218
3

100
84
463
41
97
52
27
246
1,185
424
205
555
2

106
88
518
45
102
59
29
283
1,246
436
200
611
2

109
94
575
49
108
70
32
316
1, 342
465
209
668
2

19
20
21
22
23
24
25
26
27
28
29
30
31

49

55

58

624

681

710

97

104

106

451

493

515

31

34

34

46

50

54

181

194

206

32

435
232
202

534
320
214

497
275
222

4,279
1,520
2,759

4,272
1, 328
2, 944

4, 354
1, 351
3,003

729
260
469

718
214
504

804
289
515

2,940
1,036
1, 904

2,915
907
2, 008

2,872
842
2,030

246
85
162

266
89
177

260
84
176

364
140
224

373
119
255

417
135
282

1,502
640
862

1, 439
523
915

1,487
530
958

33
34
35

222

242

251

2,989

3,196

3,375

467

501

530

2, 153

2,294

2,415

138

151

161

230

250

270

1,044

1,128

1,188

36

225

238

254

1,573

1,700

1,807

338

362

383

1,003

1,077

1,137

89

99

109

143

162

178

579

623

656

37

40

46

54

451

524

607

77

89

104

300

348

398

29

41

44

52

64

172

198

234

38

Digitized for601431—61FRASER


34
;

1

SURVEY OF CURRENT BUSINESS

18

August 1961

Tables 52-62a.—Personal Income by Major Sources. 1958-60

l

[ Millions of dollars]
Table 52.— Montana

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

Table 53.— Idaho

Item

Line

Personal Income
Wage and salary disbursements
Farms
Mininer
Bituminous and other soft coal mining
Crude petroleum and natural gas
Mining and quarrying, except fuel
Contract construction
Manufacturing
Wholesale and retail trade
Finance, insurance, and real estate
Banking and other finances
_
Insurance and real estate
Transportation.
_
Railroads
Highway freight and warehousing
Other transportation
_
_ _ _ _ _ _
Communications and public utilities
Telephone, telegraph, and other communications
_ _
Electric, gas, and other public utilities .
Services
Hotels and other lodging places
Personal services and private households
Business and repair services
Amusement and recreation
Professional, social, and related servicesGovernment
Federal, civilian
Federal, military
State and local _ _
_
Other industries

Table 54.— Wyoming

Table 55.— Colorado

1958

1958

1959

1960

1958

1959

1960

1,338

1,319

1,368

1,121

1,186

1,205

723
31
42
1
10
30
55
97
143
24
12
12
79
58
12
9
28

756
29
37
1
10
26
61
99
153
27
14
13
82
59
13
10
29

788
28
38
1
9
29
60
105
156
29
16
14
80
58
14
8
30

670
44
21

706
42
20

725
42
15

(3)
21
62
125
127
21
11
10
50
35
11
3
25

(3)
20
54
143
140
23
12
11
53
36
13
4
25

(3)
15
54
145
146
24
13
11
52
34
14
5
26

15
13
64
8

16
13
6S
8

16
14
72
8

12
12
58
4

13
12
63
4

13
13
67
4

7
6
35

12
6
3
36
160
42

12

11
8
3
42
189
51
31
107
(3)

11
6
3
35
136
37
21
78
1

12
6
3
38
144
37
23
84
1

12
6
4
41
153
41
24
88
1

9
3
1
14
91
26
14
51

94
(3)

3
38
171
44
27
101
(3)

1959

1960

1958

1959

688

728

775

3,550

3,776

4,079

412
20
49
2
37
9
41
32
64
12
6
6
54
42
8
5
14

444
18
55
2
42
12
53
35
69
14
57
42
9
6
14

487
20
55
2
39
14
70
38
78
15
8
7
57
40
12
6
15

2,217
40
76
10
34
32
190
370
454
99
46
52
145
60
53
32
82

2,402
43
81
10
37
34
191
416
501
110
53
57
154
60
58
36
89

2,608
47
86
10
38
38
205
468
535
117
57
60
156
60
58
38
93

38
8

8
41
8

46
35
22^
16

51
38
260
18

52
41
297
22

9
3
2
16
91
25
9
57

8
4
2
19
99
26
12
61

50
27
14
121
533
179
128
226
1

53
29
15
144
557
183
121
252
1

58
36
17
164
603
196
121
286
1

Table 56.— Utah

1958

Table 57.— Far West

1959

1960

1,510

1,621

1,052
15
78
16
11
51
82
184
198
41
20
21
76
46
21
9
35

1,136
14
74
14
10
49
85
209
219
46
22
23
79
46
24
9
37

18
17
78
6
16
11
6
41
264
140
18
106
(3)

1960

1958

1959

1960

1,711

47, 462

51,887

54, 898

1,217
13
82
15
11
56
82
244
231
49
24
25
81
46
25
9
38

31,541
603
237
1
144
91
2,093
8,639
5,841
1,350
553
796
1, 707
564
482
661
951

34, 805
640
242
1
144
97
2,379
9,739
6,473
1,511
642
870
1,812
576
570
665
988

36,882
648
240
1
138
100
2,415
10, 055
6,980
1,641
715
926
1,858
559
596
703
1, 039

20
17
90
6

20
18
98

619
332
3,474
220

643
346
3,911
241

681
35,8
4,301 i
'267 |

17
14
6
47
283
147
19
117
(3)

20
15
6
50
299
151
21
127
(3)

720
610
569
1, 354
6,515
1,726
1,436
3, 353
132

767
744
634
1, 525
6 T 970
1. 781
1,482
3. 707
139

845
860
658
1,670
7,564
1,876
1,522
4, 166
142

;
1

i
'
!
'
i
l

!
!

32

Other labor income

30

32

32

24

25

26

18

19

20

68

74

82

41

43

46

1, 038

1,175

1,265

33

Proprietors' income
Farm
Nonfarrn

355
224
130

279
144
135

289
152
137

248
123
125

261
131
130

253
121
132

134
70
65

131
63
68

126
50
77

575
178
397

564
138
426

618
165
453

189
45
144

203
47
156

201
42
159

6,080
1,296
4,784

6,626 i
1,320 :
5, 306 i

6,806 j

34

Property income

15G

169

180

118

129

136

101

109

116

503

544

577

165

177

188

6,34!

6, 833 |

7, 275

35

Transfer payments

99

110

111

84

90

94

39

42

46

255

274

292

102

108

113

3,507

3, 664

4,071

36

Less: Personal contributions for social insurance

25

27

31

23

26

30

16

18

21

68

81

98

40

46

54

1,044

1,216

i

Table 58.— Washington
Line

1.335

5,471

Table 59,— Oregon

Table 60.— Nevada

Table 61.— California

Table 62.— Hawaii

1, 402

Table 62a.— Alaska

Item

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960

1958

1959

1960
629

5, 977

6,350

6,626

3,556

3,865

4, 005

688

757

819

37, 241

40, 915

43, 448

1,158

1,290

1,442

526

555

4,298
74
11
1

4,447
70
12
1
3
()
10
291
1, 263
845
183

2,214
55

2,438
55
6

2,528
51
6

482
8
17

537
8
18

593
8
20

24, 808
466
203

27,532
503
208

29,314
519
202

869
63
1

968
71
1

1,102
74
1

()
20
60
28
100
16
8
8
35
19
8
8
18

144
59
1, 657
6, 797
4, 567
1, 097
444
653
1, 269
369
368
532
760

144
64
1,898
7, 710
5, 076
1,231
520
711
1, 352
378
441
533
791

138
64
1, 908
8,015
5, 517
1, 344
586
758
1. 389
366
463
560
829

1
61
72
132
23
11
12
38

1
78
87
140
28
14
14
43

1
103
98
164
36
17
19
44

434
(3)
8
2
1
4
47
18
39
7
4
3
26
1

458
(3)
9
3
3
4
48
21
46
8
4
3

5
33
21

6
37
23

7
36
26

18
13

11
G
159
48

6
186

495
265
2, 802
144

514
277
3, 179
156

543
287
3, 500
171

11
11
74
11

12
11
84
12

14
13
110
16

10
2
21
2

23
24
25
26
27
28
29
30
31

Wage and salary disbursements
4,037
Farms_ _ _
_ _
.
74
Mining
10
Bituminous and other soft coal mining.
1
1
Crude petroleum and natural gas
Mining and quarrying, except fuel
8
Contract construction
259
Manufacturing
1 160
Wholesale and retail trade
__. .
746
Finance, insurance, and real estate
157
Banking and other finances
64
Insurance and real estate _
93
^50
Transportation
Railroads
98
Highway freight and warehousing
60
Other transportation .
_
_ __.
93
Communications and public utilities
96
Telephone, telegraph, and other communications.
71
26
Electric, gas, and other public utilities. _.
Services
329
Hotels and other lodclng places
21
Personal services and private households
68
Business and repair services
45
Amusement and recreation.
20
Professional, social, and related services.. _
176
Government
932
Federal, civilian
. _ 278
Federal, military
224
State and local
429
Other industries
24

14
10

16
14

15
112
32
30
50
(3)

17
121
34
32
56
(3)

597
526
476
1,060
5, 086
1,312
1, 152
2, 622
103

637
651
529
1,205
5,474
1, 365
1,193
2, 916
111

709
752
542
1, 326
5,974
1,444
1,220
3,310
117

15
9
6
34
382
126
169
87
2

17
12
6
38
411
138
174
98
4

25
14
8
48
443
141
195
108
3

4
4
1
9
252
102
120
30
5

32

Other labor income

126

140

153

79

89

93

14

16

16

818

931

1, 003

34

39

42

10

11

12

33

Proprietors' income
Farm . .
Non/arm

738
161
577

780
154
626

842
204
638

594
128
465

640
135
505

655
139
516

89
19
70

96
18
79

96
11
84

4,660
988
3,672

5,110
1,014
4. 096

5,214
981
4,232

94
11
83

108
11
97

123
11
112

38
2
36

42
2
40

46

710

764

808

461

498

528

80

86

491

504

532

282

286

304

36

125

136

155

73

86

103

13

1
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22

Personal Income

.

34

Property income.

35

Transfer payments

36

Less: Personal contributions for social insurance.
_
-__




..

_
. - _ _

(3)

c
278
1 252
807
174
70
104
'?59
99
67
93
99
73
26
353
2°
70
50
21
190
969
277
226
466
23

3

108
266
96
69
101
105

133
657
446
84
40
45
157
79
48
30
80

78
27
381
24
59
204
1,012
280
236
497
19

6
151
750
496
92
44
48
167
80
54

17
44
26
83
11
6

82

156
749
519
98
46
52
168
78
56
34
86

44
36
202
12

46
36
220
14

48
38
234
15

140
43

44
30
12
105
390
105
28
257
5

46
33
12
115
415
107
34
274
5

48
36
12
123
457
119
34
304
5

12
10
62
13
107
32
30
45
(3)

32
19
6
14
9

()
17
53
28
95
14
34
19
8
16

15

3

1
6
22
12
10
9

25

527

(

\2

3
4
49
27
64
9
5
31
1
6
24
19
16
3
32
4
5

6
1
10
255
108
113
34
5

!

14
283
102
138
44
5

«2

92

5,090

5,485

5,847

129

141

149

32

34

35

40

2,697

2, 836

3,196

56

63

59

23

22

24

19

833

979

1,125

24

29

32

11

12

16

SURVEY OF CURRENT BUSINESS

August 1961

19

Table 63.—Broad Industrial Sources of Personal Income, by States and Regions, 1960
Table 70.—Industrial Sources of Civilian Income Received by Persons for Participation in Current Production, by States and Regions,
1960 l
(Millions of dollars)
Table 63

Total
personal
income

State and region

Table 70

Government
income
Farm disbursements 2 Private
innonfarm 3
come i
income
State
Federal and
local

Total

Contract ManuFarms Mining construcfaction
turing

Wholesale and
retail
trade

Finance,
insurance,
and real
estate

ComTrans- municaporta- tions and
tion
public
utilities

Services

Government 2

Other

400, 002

14,736

44, 979

29, 427

310, 860

319,344

14, 951

4,349

21, 038

94, 589

62, 385

16, 247

15, 922

8,953

41, 666

38, 207

1,037

New England
Maine
New Hampshire
Vermont
Massachusetts
Rhode Island
Connecticut

26, 061
1,851
1, 263
727
13, 016
1,909
7, 295

301
97
18
44
66
8
68

2,956
280
180
78
1, 610
295
513

1,709
127
79
57
888
141
417

21,095
1,347
986
548
10, 452
1,465
6,297

20, 118
1,387
966
570
10, 001
1,406
5,788

305
98
18
45
67
8
69

30
2
1
6
13
1
7

1,181
95
63
40
538
81
364

7,627
440
372
162
3,613
538
2,502

3,634
261
162
109
1,876
265
961

1,129
50
43
23
578
72
363

633
60
28
26
328
44
147

568
40
28
15
292
42
151

2,822
152
125
78
1,544
168
755

2, 095
173
123
65
1,109
182
443

94
16
3
1
43
5
26

Mideast
New York
_
New Jersey
Pennsylvania
Delaware
- - Maryland
District of Columbia.

99,988
46, 927
16,256
25, 700
1, 353
7,460
2,292

959
373
131
311
38
106

10, 593
3,897
1,482
2, 718
109
1,423
964

6,891
3,689
955
1,569
67
497
114

81,545
38, 968
13, 688
21, 102
1, 139
5,434
1,214

79, 596
37, 174
13,370
20, 459
976
5,980
1,637

974
379
133
316
38
108

481
72
25
368
(3)
16

4,509
1, 959
860
1,101
72
452
65

25, 596
10, 381
5,168
8,107
430
1,464
46

15, 676
8,243
2,431
3,525
142
1,104
231

4,666
2,796
642
845
35
287
61

4, 028
1,821
681
1, 095
52
305
74

2,375
1,171
376
601
20
170
37

11,679
6,087
1,829
2,497
106
813
347

9,423
4, 180
1, 196
1, 961
79
1,235
772

189
85
29
43
2
26
4

Great Lakes
Michigan
Ohio
Indiana. .
Illinois
Wisconsin

86, 225
18, 225
22, 778
10, 192
26, 425
8,605

2,188
305
411
423
621
428

7,272
1, 390
2,011
860
2,316
695

5,762
1,425
1,398
659
1,686
594

71,003
15,105
18, 958
8,250
21,802
6,888

71, 195
15, 093
18, 782
8, 604
21,731
6, 985

2,219
309
417
429
630
434

501
103
133
63
179
23

4,220
797
1,056
494
1,429
444

28, 377
6, 842
7,920
3, 603
7,336
2, 676

12, 995
2, 539
3, 293
1,492
4, 393
1,278

2,943
498
729
330
1,120
266

3,417
496
964
411
1, 259
287

1,838
402
464
214
581
177

7,853
1, 583
2,012
770
2,753
735

6,684
1,504
1,745
777
2, 006
652

148
20
49
21
45
13

Plains
Minnesota
Iowa
Missouri
North Dakota
South Dakota
Nebraska
Kansas _ _ . _ -

31,941
7,036
5,531
9,522
1, 104
1,256
2,988
4,504

3,143
522
694
475
246
317
413
476

3, 438
626
543
990
141
169
378
591

2,323
585
401
586
100
96
212
343

23, 037
5,303
3,893
7,471
617
674
1,985
3,094

25, 475
5,709
4,399
7, 626
892
1,017
2,368
3,464

3,188
530
703
482
250
322
418
483

296
115
18
40
10
12
14
87

1,872
465
288
505
71
94
189
260

5,443
1,293
971
2,107
28
62
326
656

5,319
1,173
910
1,627
206
201
509
693

1,201
283
192
389
34
36
128
139

1,616
369
210
551
53
37
159
237

724
153
121
237
26
26
60
101

3,005
670
521
964
93
95
282
380

2, 746
641
448
708
120
130
278
421

65
17
17
16
1
2

Southeast
Virginia
West Virginia _ .- .
Kentucky
Tennessee
North Carolina
South Carolina
Georgia. _
.
Florida
Alabama
._
Mississippi
Louisiana
- _
Arkansas
_. --

62, 480
7,351
3, 109
4, 702
5, 522
7, 184
3,341
6,349
9,938
4,785
2,557
5, 245
2,397

3,689
259
57
341
276
670
211
325
449
257
296
200
348

9,098
1,690
352
700
673
852
535
935
1,325
788
394
521
333

4,812
468
225
337
420
518
236
469
717
398
243
587
194

44,881
4,934
2, 475
3,324
4, 153
5,144
2, 359
4, 620
7,447
3,342
1, 624
3,937
1,522

49,287
5,835
2,504
3, 660
4, 497
5,824
2, 628
5, 087
7,259
3, 922
2, 033
4,150
1,888

3,742
263
58
346
280
679
214
329
457
260
300
203
353

1,158
78
359
175
31
15
5
24
47
76
37
282
29

3, 454
376
120
252
279
348
174
330
787
254
123
299
112

11,947
1,226
726
948
1, 369
1,884
912
1,332
933
1, 064
430
740
383

9,735
1,108
404
662
899
1,059
445
1,101
1, 751
716
406
851
333

2,365
253
77
132
200
228
116
268
565
171
84
198
73

2,492
339
163
209
224
242
70
275
355
162
73
273
107

1, 329
150
107
102
88
123
56
144
191
107
59
144
58

6,068
746
246
409
548
619
290
573
1,197
428
225
584
203

6, 793
1,268
241
417
573
609
340
676
926
676
286
556
225

204
28
3
8
fi
18
6
35
50
8
10
20
12

Southwest
Oklahoma
Texas
Now Mexico
Arizona.
.. ..

27,200
4,312
18, 508
1, 730
2,650

1,736
322
1,108
108
198

3,501
642
2, 239
294
326

2,097
386
1,284
186
241

19, 866
2,962
13, 877
1, 142
1,885

21, 528
3, 356
14, 592
1,400
2,180

1,760
327
1,123
110
200

1,295
272
808
111
104

1,681
242
1,034
131
274

3,504
442
2, 695
92
275

4, 547
693
3,200
244
410

1,118
163
770
69
116

1,177
171
875
62
69

698
108
458
54
78

2,810
416
1,839
235
320

2,869
508
1, 744
288
329

69
14
46
4
5

Rocky Mountain
Montana
Idaho
"Wyoming
Colorado
Utah

9, 138
1,368
1, 205
775
4,079
1,711

670
178
161
68
208
55

1,192
188
148
81
514
261

785
119
99
66
358
143

6,491
883
797
560
2,999
1,252

7,283
1,073
974
620
3,179
1,437

680
180
163
70
211
56

307
50
16
58
96
87

666
78
76
90
304
118

1,080
115
154
46
501
264

1,487
202
193
104
703
285

331
47
36
160
65

464
88
58
62
169
87

223
33
29
17
103
41

903
122
118
63
446
154

1, 137
158
129
87
484
279

Far West
Washington
Oregon
Nevada
California

54,898
6, 626
4,005
819
43, 448

1,953
270
187
19
1,477

6,288
945
413
98
4,832

4,884
579
339
61
3,905

41, 773
4,832
3, 066
641
337 234

43, 352
5, 193
3,232
672
34, 255

1,987
274
190
20
1, 503

271
13
8
23
227

3,281
388
238
73
2,582

10, 882
1, 352
816
31
8,683

8,703
1, 085
700
126
6,812

2,437
271
154
28
1,984

2,012
291
188
38
1,495

1,144
117
98
20
909

6 5 329
615
406
222
5,086

6,064
779
424
90
4,771

242
28
10
1
203

Alaska
Hawaii

629
1,442

3
94

257
384

48
116

321
848

444
1,066

2
94

9
1

53
121

29
104

75
214

14
43

33
50

22
32

45
152

146
250

16
5

United States

. ..

Footnotes to Table 63:
1. Consists of net income of farm proprietors, farm wages, and farm "other" labor income,
less personal contributions under the OASI program.
2. Consists of income disbursed directly to persons by the Federal and State and local
governments. Comprises wages and salaries (net of employee contributions for social insurance), other labor income, interest and transfer payments.
3. Equals total personal income less farm income and government income disbursements.
Note: United States totals include Alaska and Hawaii.




7

(3)

5

2
1

Footnotes to Table 70:
1. Consists of wage and salary disbursements, other labor income, and proprietors' income.
2. Does not include earnings of military personnel.
3. Less than $500,000.
Note: United States totals include Alaska and Hawaii.

BY SAMUEL PIZER AND FREDERICK CUTLER

United States Assets and Investments Abroad
Private Capital Outflow at Peak in 1960
Earnings Score Broad Advance
INITED STATES business concerns
and other private investors, responding
to continued economic growth in many
countries arid to possibilities for in vestPrivate Capital Outflows
Reached a Postwar High in 1960
Reinvested Earnings Continued Strong
Billion $

4

Capital
Outflows

'X^ Reinvested
Earnings

i

i

i i

i i

i i

i i

i i

i i

i

i

Short-Term Capital Outflows Accounted
for Most of 1959 to 1960 Upturn

i

i

i

i

i

i

i

i

i

i

i

i

i

i

i i

Direct Investment Flow Raised by
Manufacturing Investments; Petroleum
Dips Sharply

2 -

Petroleum
1

1946

Manufacturing J!^ '
i i i i i i i i i i i i i i i
48 50 52 54 56 58 60 62

*Revised Series
IK S. Department of Commerce, Office of Business Economics

20



tries in 1960, and in nearly all countries.
Aggregate earnings rose by 8 percent to
about $3.5 billion, nearly equal to the
peak reached in 1957. Of this total,
foreign subsidiaries retained abroad
about $1% billion, up from $1.1 billion
in 1959.
The principal element in the overall
rise in capital outflows in 1960 was the
sharp rise in the flow of short-term funds
to capital markets abroad. In contrast
to the experience of earlier postwar
years, when there were moderate outflows in most years corresponding in
large part to the need for working balances to finance larger volumes of international transactions, the 1960 outflow
appeared to result primarily from higher
interest rates abroad, and to some extent from apprehensions about economic
and political developments in the
United States. These outflows have
been greatly reduced since the first
quarter of 1961, as discussed below.
Other
private
capital outflows
dropped slightly in 1960, though remaining at a substantial rate of $850
million annually. Sales of new issues of
foreign securities in the United States,
especially Canadian issues, were lower,
and continue to decline, and mediumterm lending by U.S. banks has also
been reduced. However, there was a
resumption in the first half of 1961 of
substantial purchases of foreign equity
securities.

Direct Investments Abroad

Total Direct
Investment
Flow

i

ing liquid funds profitably abroad,
added over $5 billion to their assets and
investments abroad in 1960, raising
their total holdings to more than $50
billion.
Direct investments in subsidiaries
and branches were pushed forward in
most areas at a more rapid pace in 1960
than in 1959, though there were sharp
reductions in certain situations, notably
in resource development in some Latin
American countries. In total, direct
investment capital flows increased from
$1.4 billion to $1.7 billion. About $200
million of this rise in direct investment
capital outflows reflected increased cash
outlays to purchase minority interests
held by foreigners in existing subsidiaries abroad.
Although only limited data on direct
investment capital flows in 1961 are
now available, it appears that the total
is likely to remain near the 1960
amount. Companies reporting on their
expected outlays abroad for plant and
equipment this year indicate substantial
gains in both the manufacturing and
petroleum industries, with little or no
reduction projected for 1962. These
data will be given in detail in the
SURVEY OF CURRENT BUSINESS for September as part of a report on sources and
uses of funds of direct-investment enterprises abroad.
Earnings of the direct investment
enterprises improved in all major indus-

6I-8~10

WlTH both capital outflows and reinvested earnings high in 1960, the
value of direct investments abroad rose
by $2.9 billion in the year to an accumulated total of $32.7 billion. Nearly half
of the expansion represented the growth

of manufacturing investments in many
countries, bringing the total invested in
this industry to $11.2 billion.
The buildup of petroleum investments
has now fallen considerably behind
manufacturing investments, accounting

SURVEY OF CURRENT BUSINESS

August 1061
Table 1.—-Factors Affecting U.S. Private
Investments Abroad, 1959 and 1960
[Millions of dollars]
1959

Type of investment

1960

Direct investments
27, 387

29, 805

1,372
1,089
-43

1, 694
1, 254
-9

29 805

32 744

10, 261

11,417

926
230

850
365

11 417

12 632

3. 488

3, 596

77
31

1,312

Value end of vear

3 596

4 9Q9

Combined change
Capital outflow
Reinvested earnings
Other factors .
-

3, 682
2, 375
1,089

5,467
3, 856
1, 254

Value, beginning of year
Add: Capital outflow 1
Reinvested earnings
Other adjustments 2
Value end of vear
Other long-term private investments
Value beginning of vear
Add: Capital outflow i
Price changes
Value end of vear
Short-term assets
Value, beginning of year
Add- Capital outflow
1
Adjustments 2 _

_

_ _

_

1

__

- -

218

1

357

Included in the balance-of-payrnents accounts.
- Mainly changes in coverage, ^classifications, or revaluations.

Common Market countries received
overall decline was also attributable to
Cuba, where capital flows exceeded capital outflows of $280 million from
$60 million in 1959 and have now U.S. companies in 1960, plus over $150
virtually ceased. Nearly all of the million of reinvested earnings. Of the
U.S. investments in Cuba have now combined total, nearly $300 million
been seized, but they have not been went into manufacturing—double the
written off in these tabulations.
1959 amount—and petroleum investIn contrast to these developments, ments were also raised. Nearly half of
manufacturing ventures by U.S. com- the amount added to direct investpanies in Latin America were expanded ments in this area in 1960 went to
at a record rate in 1960, and appear Germany, and there were also sublikely to continue at a high rate in 1961. stantial gains in the other CommoB
Most of the increase over 1959 was in Market countries.
capital flows from the United States,
The capital flow to the United Kingaugmented by larger amounts of re- dom was extraordinarily high in 1960
tained earnings as profits in the area because of the special transaction
rose. Capital outflows for manufac- mentioned above—without this transturing were increased in 1960 to most action there would still have been
countries in Latin America, especially a moderate increase over the 1959
to Mexico, Brazil, Argentina and Venezuela.
GROWTH OF DIRECT FOREIGN

Increased flows to Canada

Capital flows for direct investment
in Canada rose to nearly $500 million
for only about 20 percent of the 1960 in 1960, with most of the rise in the
combined total of capital outflows and mining and petroleum industries. The
reinvested earnings. Of the other capital flow for manufacturing was the
industries, trade continues to grow in lowest in many years, and was about
importance, mining investments were at $100 million less than in 1959, when it
a reduced rate in 1960, agricultural included a special outflow to purchase
enterprises were not expanding in the minority interests.
aggregate, and growth in utilities was
Projected plant and equipment exlargely in the operation of ocean ship- penditures for Canada indicate only
minor changes in manufacturing and
ping and pipelines.
petroleum in 1961 and 1962 from the
Mixed trends in Latin America
1960 amounts, but a considerable
Because of the comparatively small reduction in mining. However, the
overall capital flow for direct invest- flow of funds from parent companies in
ment in Latin America—about $100 the United States will also be affected
million in I960- -there has been some by differential interest costs in the two
concern that political instability and countries and expectations about the
losses in Cuba have stifled investor exchange rate.
interest. However, the more detailed
figures now available do not appear to European investment at peak
Over $1K billion was added to U.S.
support this view.
The sharp decline in capital out- direct investments in Europe in 1960,
flows to this area reflected primarily raising the accumulated value to $6.6
a return to the United States of funds billion. The previous high was the
from mining properties in a few coun- $725 million added in 1959, and about
tries as expansion was completed and $300 million of the difference repreproduction began, together with con- sented larger cash outlays by U.S.
tinued relatively low activity in the companies in 1960 to acquire minority
petroleum industry resulting in a net interests in existing manufacturing comcapital inflow from Venezuela. These panies. There remained, however, a
developments affected primarily Ven- broad upturn in investments in most
ezuela, Chile and Peru. Part of the countries and industries.



21

INVESTMENTS, BY AREA
European Share Rises
Billion $
12

Canada
10

Latin
America

Europe

Other
Middle last
and Africa

I
1950

i

i
I I
57 58 59 60

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

61-8-!!

amount, mainly for larger petroleum
investments. In the case of Sweden,
there was a reduction in manufacturing investments as an old-established interest in a Swedish company
was sold out.
A continued and perhaps increased
flow of investment capital to Europe
may be required to finance the steep
rise in plant expansion by U.S. companies under way in 1961 and scheduled
to remain large in 1962.

SUEVEY OF CURRENT BUSINESS

22

August 1961

Table 2.—Value of Direct Investments Abroad, by
Table 3.—Direct-Investment Capital Flow and Undistributed Subsidiary
Table 4.—Direct-Investment Earnings and Income, 1
[Millions of dollars]
Table 3

Table 2

Line

Area and country

1960 p
1950

1

All areas, total

2

Canada 1

a

Latin American Republics, total

... _

.

Mexico, Central America and West Indies,
total. 2
Cuba
Dominican Republic.. .
Guatemala
.._
Honduras
Mexico _ _ _
_ _ _ _ _ _ _ - . .-_
Panama
Other countries
South America, total
Argentina
Brazil
._
Chile
Colombia
Peru
Uruguay
Venezuela
Other countries

4
6
8
9
10
11
12
13
14
15
16
18
19
20
21

Western Hemisphere dependencies

22

Europe, total
Common Market, total
Belgium and Luxembourg
France
Germany
_
Italy .
..
Netherlands
Other Europe, total
Denmark
Norway
Spain
Sweden
Switzerland
Turkev
United Kingdom
Other countries

23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

Africa total

38

North \frica
East Africa
West Africa
Central and South Africa, total
Rhodesia and Nvasalancl
Union of South Africa
.
Other countries

39
40
41
42
43
44
45

Asia total

46
47
48
49
50 I
51 [
53

Middle East
Ear East, total
India
Indonesia
Japan
Philippine Republic _
Other countries

-

54 i Oceania total
55
56
57 i

Australia
New Zealand
Other countries

58 > International

• Revised.

P Preliminary.

j
j

Net capital outflows

1960 f

.._ . _
_ _ _

- -_
- .- -

- -

1957'"

1958'

1959'

MinManuPetro- fac- Public
ing
leum tur- utili- Trade Other
Total and
smelting
ties
ing

1959 r

Mining
Total and
smelting

j
1 ManuPetro-| facleum ituring Other

11,788

25, 394

27, 387 29, 805 32, 744

2,546

2,397

2,692

1,372

1,694

158

455

802

278

3,579

8,769

9, 470 10,310 11,198

1,329

2,667

4,827

645

630

1,100

417.

471

202

138

31

99

4,445

7, 434

7,751

8,098

8,365

1,155

2,882

1,610

1, 131

718

870

218

95

-73

—7

125

50

1,488

2,234

2,355

2. 516

2, 620

245

306

530

586

292

661

81

68

26

24

27

-8

642
106
106
62
415
58
100
2,957
356
644
540
193
145
55
993
31

849
88
106
108
739
201
143
5, 200
333
835
666
396
383
57
2,465
64

879
93
116
114
745
268
140
5, 396
330
795
6S7
383
409
51
2, 658
84

956
87
132
110
758
327
146
5, 582
366
82S
729
401
428
45
2,690
96

956
88
131
100
795
405
145
5, 745
472
953
738
424
446
47
2, 569
97

(*)
(*)
(*)
(*)
130
17
15
910
(*)
10
517
(*)
251

111
(*)
(*)
(*)
391
9
11
1,079
213
515
22
92
35
20
180
3

313
6
66
23
119
22
37
545
(*)
200
(*)
28
19
(*)
32
14

44
2
5
1
85
145
10
426
21
130
12
46
42
4
165
7

341
80
34
76
39
156
50
208
239
23
188
26
20
23
197
21

63
-7
14
-4

(**)
-3
-11
56
30
-4
27
70
83
2
15
7
(**)
-150
-1

(*)
(*)
(*)
26

(*)
(*)
(*)
28
-1
-1
99
24
52
(**)
11
2
(**)
11
(**)

(**)
-4
-11
2

83

147
(*)
26
(*)
32
56
22
2, 576
(*)
76
(*)
233
79
(*)
1. 995
49

3,013 10, 944 11, 152

18
4
137
50
34
35
11
18
-2
-22
12

(*)

2

(*)

1
23
-2

1

QQ

q-i

(*)

(*)

2
-10
(*)
9
(*)
(*)
(**)

-9

(*^
7

-5
(*)
-60
-1

-3
58
47
38
12
9

2
(**)
-101
(**)

131

618

696

768

884

176

382

21

49

64

192

48

54

1,733

4,151

4,573

5,323

6,645

49

1,726

3,797

45

736

291

484

962

(**)

273

607

81

637
69
217
204
63
84
1.096
32
24
31
58
25
16
847
63

1,680
192
464
581
252
191
2,471
42
51
44
109
69
63
1,974
119

1,908
208
546
666
280
207
2,666
49
53
48
107
82
54
2,147
127

2,208
211
640
796
315
245
3,116
48
62
53
125
164
44
2, 477
143

2, 644
231
741
1,006
384
283
4,001
67
83
59
116
254
65
3, 194
162

9

29
1
10
2
1
15
17
(**)
(**)
3
(**)
(**)
(**)
9
3

254
29
76
85
28
36
482
9
5
8
29
104
4
288
35

90
4
21
32
23
9
201
2
16
4
5
53
4
133
3

180
-3
51
78
21
32
304
4
9
1
21
68
1
190
9

282
10
53
133
55
31
680
19
18
2

73
(**)
2
45
20
6
200
18
17
2
11
-2
22
129
3

182

27
4
8

55
600
75

1,436
146
402
638
170
80
2,361
16
21
27
18
91
2
2, 164
22

(**)

(*)
(*)
(**)
(**)
(*)
(**)
24

827
52
223
248
160
143
899
40
42
17
64

32
19
425
(**)
('**)
(**)
— 22
12
(**)
432
2

287

664

746

833

925

247

407

118

5

53

94

39

81

14

62

-5

56
12
42
177
26
140
12

106
30
147
381
59
301
21

121
35
183
407
65
321
22

145
43
228
416

1
125
119
72
46

172
42
80
114
(*)
(*)
(*)

7
(**)
1
110
(*)
108
(*)

4

6
4
9
34
2
31
2

4
(**)

323
21

195
46
290
394
82
286
26

16
9
100
22

22
6
23
-12
(**)
-11
-1

51
1
42
-13
1
-18
4

(**)
18
-4
1

49
1
19
—6
(*)
(*)
(*)

1,001

2,019

2,178

2, 237

2,315

24

1,655

286

103

137

110

2

-20

2

692
309
38
58
19
149
46

1,138
881
113
169
185
306
108

1,224
954
120
106
181
341
116

1,213
1,024
134
163
209
387
131

1,163
1,152
159
178
254
414
147

(**)
24
(*)

1.119
536
(*)
(*)
(*)
; (*)
| (*)

26
259
51
11
91
91
16

3
99
2
(**)
1
92
3

130
12
1
27
50
40

103
93
166
135
181
88

-3
5
3
-44
14
22
10

-72
52
13
2
18
6
13

(**)
2
(*)

256

698

786

879

994

33

372

494

1

58

36

28

41

(**)

201
25
30

583
48
66

655
50
81

742
54
83

856
33
53
85 j <-**)

(*)
(*)

476
18

42
16
(**)

305
19
85

26
1
1

46
—5
(**)

(**)

356

1, 041

1,188

1,357

135

12

1,418

9
(*)
(*)
40

j

(*)
(*)

851

1
1

(**)
(**)

(*)
(*)
(*)
!

567

27
19
589
12

13

31

(*)
(*)

(**)
(*)
(*)

(*)
(**)

a

!

(*)
(*)

-57

J
82

!

2

12

i
i

3
5
54
1
1
4
17
-4
28
6 i
9
i

(**)

— 76 I
20 :
(*)
(*) ;
(*)
(*) !
(*) ;

(*)
(*)
(*')

10

(**)

1
(**)

-5
(*).
(*)°
u

1
(**\
2

2

2
18
9

12
4

20

(

**\
(**)'

i

12
6
12

29

10

29
(**')

17
-5

i (**)
(**)

""Combined in other industries.

NOTE,—Detail may not add to totals because of rounding.
'- The value for U.S. direct investments in Canada for 1957 and subsequent years has been raised by $132 million to include certain liabilities of Canadian financial institutions to U.S.
sources previously omitted.
2 The estimated value of U.S. direct investments in Cuba in 1960 is carried forward from 1959 without change. No estimates have been made for net capital flows, reinvestment of subsidiary earnings, net earnings, or income receipts for Cuba for 1960.




SURVEY OF CURRENT BUSINESS

August 1061

23

Selected Countries and Years, and Major Industries, 1960
Earnings, by Countries with Major Industries for 1960
by Selected Countries, 1959-60, with Major Industries for 1960
[Millions of dollars]
Table 4

Table 3— Continued

Total

1959 r
Manufacturing

Petroleum

Total

Other

Mining
and
smelting

Petroleum

Manufacturing

Other

Line

Mining
and
smelting

1959 r

Total

Petroleum

Manufacturing

Other

1,089

1,254

56

IK

627

414

3,241

3,546

394

1,282

1,176

693

2,208

2, 348

337

1, 143

550

319

1

393

389

38

46

234

72

713

718

88

97

398

134

345

361

47

60

176

78

2

202

215

-13

33

86

108

774

829

164

345

146

174

600

641

180

311

63

87

3

80

52

-17

7

12

50

156

126

17

32

74

90

85

33

—4

26

31

4

14
1
2
1
20
41
2
122
14
34
10
6
4

!

8-17
4
(*)

2

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

63

5

266

326

-1

103
6
26
52
14
6
163
-2
1
4
-3
13
3
140
6

154
10
48
76
14
172
(**)
3
4
-3
35
2
123
7

48

50

2
3
22

2
2
19
27
10
17
(**)

21

14

(**)
56

88

-9
65

21
67
12
13
17
21
3

10

12
13
24
5

<-*)
(**)
(*)

1

24

1

1

{*)

2

1

i

1
1
1
-3
48
3
163
36
39
8
11
2
59
1

-i53

j

!

Mining
and
smelting

1960 P

1960 v

1960 P
1959 '

Income

Earnings

Undistributed subsidiary earnings

(**)

28

1
5
27

-1
6
52
59
8
617
24
54
77
17
26
1
425
-7

8
-4
1
54
62
4
703
46
80
72
26
58
4
428
-11

(**)

52

95

237

89

104
10
17
66
10
1
133
(**)
3
2
1
10
(**)
116
(**)

28
2
10
8
4
4
61
1
(**)
1
-1
28
(**)
29
3

3
j

10
1
(*\
29
29
1
3
2
1
8

(*)
(**)
(*)
5

(**)

12

(**)

(**)
(**)
(*)
(*)
^
(*)
(*)

5

22
-1
20
3
-1
1
-21
1
(**)
-2
3
1
-21

(*)
-2
20

13
2

(**)
11
9
8
1

-3
11

(**)
4
(*)

(*)
(*)
(*)

4

(*)

2

45

17

2

20
25

1
16
6
2
5
3
1

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

(*')
(*)
(*)

65

74

5

61
2
2

68
4

5

34

49

(**)

(**)

1
1
1
4
42
2
58
7
8
6
3
4
(**)
40
(**)

(*)
(*)
(*)

15
(*)
(*)
(*,)
—2

!

(*)
(*)
(*)

8

22
5
-2
5
35
19
7
509
11
25
71
11
23
2
373

7
-5
(**)
65
16
1
556
10
45
72
19
48
3
371
-11

(*)
(*)
(*)

7

5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

147
(*)
3
56
(*)
36
(*)
(*)
(**)

(**)
114
35
57
3
4
3
3
9
(**)

1
12
56
3
100
11
16
13
4
9
2
98
4

141

60

25

1

55

71

78

55

20

1

3

21

667

762

10

85

487

180

393

427

11

85

241

90

22

245
22
48
131
31
13
421
1
2
4

42
1
26
7

205
28
31
120
21
6
282
3
3
3

63
16
21
8
11
117
2
1
2

17
(**)
251

34
1
65

9

144
21
22
66
24
11
282
4
2
(**)
9
14
-10
247
17

n

-11
74
1

90
14
11
49
12
4
150
3
1
1
1
8
(**)
136
1

33
5
5
12
4
7
56
1
1
1

-10
53
6

134
13
20
71
22
8
259
3
1
(**)
9
10
-14
231
18

21
2
6
5
8

23
-12
370
25

310
35
72
148
36
19
452
4
5
5
7
48
-9
369
24

6
1
36
3

23
24
25
26
27
28
29
30
31
32
33
34
35
36
37

14

55

33

61

-77

19

30

7

-17

41

-90

16

17

38

(**)
(**)
11
2
1
12
( ** }

— 33
3
32
52
12
42

-69
2
37
68
19
50

1

1

1

-74

1

(**)
25
4
1
14
o

-36
(**)
10
32
5
29
2

-71

24
35
18
17

-71
-3
-13
9
(*)
(*)
(*)

18
41
10
34
_2

14
26
10
16

-10
-2
C)

(**)
(**)
14
2
(**)
2
-2

39
40
41
42
43
44
45

24

785

901

3

799

42

58

732

816

1

759

23

33

46

i

619
166
16
54
23
60
13

721
181
14
70

717
82
(*)
(*)
(*)
(*)
(*)

2
40
10
2
8
17
4

2
56
4
68
24
36
9

629
102
5
46
10
33
8

701
114

1

098
GO

1
22
4

2
32
-2
GO
11
16
7

47
48
49
50
51
52
53

14

82

11

43

37

2

29

7

54

75

19
4
2

37
6

30

o

24
6

4
2

55
56
57

5

58

23
6
11
12

'I

il

13

10
1

(**)
(**)
(*)
(*)
10

(*)
(*)

0

(*)

(**)

3
(*)
(*)
(*)

50

4

112

115

8

48

15
2

102
9
9

101
11
2

8

41

47

51

:
i

2
43
-1
(**)
(**)
-2

(**)

(*)

,'*-<
v ,'

(**)
29
2

2

(**')
(**)

19
(*)

19

(*')

52

0

60
15
28
10

(**)

26

(**)
147
(%
58
(*)

R"

(**)

11

(*;>

64

1
-1
(**)

(*>

( ** ,

(**)
(**)

(*}

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

(* •
(*)

(**')

14

316
(*)
3
(*)
16
4
(*)
309
-15

(*)
(*)

5

Income is the sum of dividends, interest, and branch profits; earnings is the sum of the U.S. share in net earnings of subsidiaries and branch profits.




(*)
-4
(*)
2
-1

(*)
-4
(*)
3
4
-2
342
(*)
4
(*)
18
10
(*)
321
-15

(*)
(*)
(*)

-1

(*.(*}

c-,

8
(*)
(**)

24
1
38
6
26
2
1
1
2
1

(**)

15
(*)

15

(*)

4
12
2

(**)'
14
16
2
56
4
15
12
2
6
1
60
4

(**)

SURVEY OF CURRENT BUSINESS

24
Other areas

Africa.-—Petroleum companies considerably stepped up their expenditures
to develop North African production in
1960. Part of this was reflected in a
capital outflow of about $50 million, but
an even larger amount was accounted
for as exploration and development
expenses and is reflected in large operating losses in the area. There was a net
inflow to the United States of capital
from
mining and manufacturing
investments in the Union of South
Africa.
Asia.—-In the Middle East capital
outlays in petroleum were still being
financed largely by the operating companies or their affiliates abroad, resulting on balance in a net capital inflow
to the United States. Production of
oil in the area increased substantially
in I960, and earnings also turned
upward.
Most of the increased capital flow to
Far Eastern countries in 1960 was
accounted for by the petroleum industry, which had been withdrawing funds
in 1958 and 1959.

Oceania—Direct investments in manufacturing in Australia rose considerably in 1960, with capital flows and
reinvested earnings both larger than in
1959. There were minor inflows from
New Zealand. Earnings in the area
changed little.
International—In this category, representing shipping subsidiaries utilizing
the flags of Panama, Liberia and
Honduras, there was a sharp reduction in capital outflows in 1960 as compared with 1959. Most of this represented a decline in the financing of
tanker subsidiaries of petroleum companies as ship mortgages were paid off.
Earnings of the tanker fleets were
further depressed, but other shipping
enterprises reported some improved
earnings.

Manufacturing,
total

All areas, total
1950
1957 _
1959
I960

3 831
8, 009
9 707
1]' 152

Food
products

4«3
723
l>

8 3

943

Paper
and
allied
products

Manufacturing—Responding to various attractions and pressures, United
States manufacturing companies raised
further in 1960 the amount invested
abroad through capital outflows and

TransChemiPrimarv Machin- Electrical
cals and Rubber
and
portaery
fabri- (except machin- tion
prodallied
' eleccated
ucts
ery
prodequipucts
metals trical)
ment

512

813
861

1 661
1 902

7'>9

1 378

385
941

49()

Other
products

1 163
1 256

927
1 '>()'>
1 333

387
731
833
918

485
1 204
1 603
'> 118

599
983
1 148
1 301
91)2

Canada
1950
1957
1959
I960

1
3
4
4

807
924
565
827

29 7

320
367
399

368
696
687
793

198
647
743
817

59
133
142
161

249
671
773
803

904
327
391
394

141
330
367
393

1 60
398
560
558

Latin America l
1950
1957
1959
1960

781
1, 280
1,417
1 631

158
201
184
228

39
50
52

205
334
358
408

60
133
149
165

23
60
71
8?

13
52
57
70

79
136
136
169

83
134
209
931

Europe
1950
1957
1959
1960

932
2, 195
2 947
3,797

64
149
198
224

5
42
55
63

74
319
447
537

31
59
75
90

Ill

178
277
324

175
488
677
782

153
214
270
288

192
475
604
1 074

128
272
344
415

55
106
120
118

6
10
14
14

9
12
15
16

11
21
23
23

1
5
5
6

2
17
20
20

3
5
5
6

17

3
3
3

26
22

6
6
8
8

60
190
244
286

9
15
19
20

9
13
15

12
40
58
76

14
38
48
54

20
27
30

5
15
15
19

2
12
14
16

8
23
27
29

10
18
23
27

107
314
415
494

18
28
41
58

1
3
5
5

13
27
40
47

8
17
25
28

2
8
10
12

22
26
42
48

9
34
41
47

26
146
177
204

8
26
34
44

Africa
1950
1957
1959
1960

-

Asia
1950
1957
1959
1960
Oceania
1950
1957
1959
1960

..

Note:
Detail may not add to totals because of rounding.
1
Includes minor amounts in the Western Hemisphere dependencies.


**Less than $500,000.


Biliion $

2.0

1.6

Petroleum

1.2

.

Manu factoring

.8

.4

0 i i i i i i i i i i I
1950
52
54
56
58
60
U. S. Department of Commerce, Office of Business Economics

182
401
461
520

378

EARNINGS OF DIRECT FOREIGN
INVESTMENTS, BY INDUSTRY

61-8-13

Industry Developments

Table 5.—Direct Investments in Manufacturing Enterprises Abroad, 1950, 1957, 1959, and
1960, by Commodity
[Millions of dollars]

Area and year

August 1961

471
535
580
155
190
904

reinvested profits. Europe was the
area receiving the largest amount of
these funds—over $800 million out of a
world total of $1.4 billion for the manufacturing industry in 1960. Common
Market countries received nearly $800
million and the United Kingdom about
$550 million, but the latter included
about $370 million for purchases of
minority interests.
M a n u f a c t u r i n g investments by
United States firms in Canada continued
to grow at a substantial rate, mainly
out of reinvested earnings.
In Latin America, and in some others
of the less developed countries, manufacturing investments are being carried
out at a somewhat accelerated rate
partly because of promising future
markets, but also under the threat of
exclusion from such markets unless
local manufacture is undertaken.
Although this industry is now very
actively expanding abroad, the sums
being invested in Africa and Asia are
still relatively small, amounting to $30
million for both continents in I960,
about the same as in 1959.
Among the major commodity groups
in the manufacturing category, the
fastest growing in 1960 were transportation equipment (largely automobiles),
chemicals, food products, and machinery. Other commodity groups also
expanded substantially abroad, as
shown in table 5.

SURVEY OF CURRENT BUSINESS

August IflGl

Investments in automotive plants
overseas were raised by about $K
billion in the year, of which $370 million
resulted from the special outlay in the
United Kingdom discussed above.
Automotive investments also increased
substantially in other European
countries and in Australia.
About
billion was added to U.S.
investments in the chemical industry
abroad in I960, not including petrochemical plants owned by petroleum
companies. Expansion by this industry
was significant in Canada, Latin
America, and Europe.
More than half of the $215 million
increase in investments in enterprises
producing machinery was in Europe.
Manufacturers of food products
accelerated their rate of investment in
most areas.
Petroleum—About $600 million was
added by U.S. petroleum companies to
their foreign investments in I960,
raising the total stake to $11 billion.
This rate of investment was moderately
higher than that of 1959, with most of
the gain showing up in refinery construction in Europe and the Far East,
and in distribution facilities in Canada
and Europe. There was also heightened
development activity in North Africa,
as noted above, and in Argentina.
The industry remains moderately
active in exploring throughout the world
and is carrying out a large scale expansion in refineries, petrochemicals,
transmission systems, and other phases
of the industry.
Trade—Investments in enterprises
whose major activity is trading or distribution are now growing at an
accelerated rate—'about $360 million
was invested in such operations abroad
in 1960. Many of these enterprises also
perform additional functions including
licensing, management and research
services, and activity as financial intermediaries.

Petroleum earnings rose most notably
in the Middle East, where oil production
by the companies increased 14 percent.
There were moderate gains in earnings
in other producing areas and from increased refinery output in Europe and
elsewhere.
Earnings of the mining companies
were much higher than in recent years
as prices firmed and more properties
reached the producing stage.
Improved earnings for manufacturing
enterprises in most countries reflected
general business expansion. An exception was Canada, where earnings were
depressed as business activity remained
low, and there was scarcely any change
in manufacturing earnings in the United
Kingdom.
Of the total direct-investment
earnings of $3.5 billion in 1960, about
$1.1 billion was branch profits and $2.4
billion represented the U.S. share in the
profits of foreign subsidiary companies.
Of the latter amount, about $1.25
billion, or 52 percent, was retained
abroad,
a
proportion
generally
characteristic of the postwar experience.
Income receipts from abroad, as
entered into the balance-of-payments
accounts, included all branch profits,
common dividends, preferred dividends
($10 million in I960) arid interest ($109
million), less any taxes withheld abroad.
The income total for 1960 on this basis
was $2.3 billion, about 5 percent more
than the 1959 amount. More than half

25
Table 6.—Selected Short-term Banking and
Commercial Claims on Foreigners, by
Type and Area
[Millions of dollars]
Area and type

December 1959

Banking claims, total _
Loans
A c c e p t a n c e s and
other
Payable in foreign
currencies

June
I960

December I960

2, 624
1 308

2, 7G4
1 113

3, 590
1 296

4, 088
I 394

1,099

1,371

1,814

2, 188

217

280

480

506

By area and coun try
Europe.
United Kingdom. ._
Canada
Latin America
Other countries
Japan

534
121
272
1,176
642
323

181
272
1,111
806
497

717
245
409
1,354
1, 110
796

695
171
478
1,336
1, 579
1,201

Claims by non- financial
concerns, total

730

843

i 1, 450

of the increase in earnings for the year
was retained abroad.
Other Private Foreign
Investments
A significant part of the pressure on
the balance of payments in 1960, offsetting gains made in the trade accounts,
came from accelerated outflows of
short-term funds beginning about midyear. The accompanying chart, using
the relationship between yields on
United States Treasury bills and comparable bills in Canada and the United
Kingdom as representative of broader
changes in world money markets, shows
the incentive for investing liquid funds
abroad as it developed during 1960.

Interest Rate Differentials, With Forward Exchange Cover, Between
Three-Month U.S. Treasury Bills and Comparable Canadian and U.K. Bills
Percent Per Annum

Incentive in Favor of
U.K. or Canadian Bills (+}

Digitized for 601431—61
FRASER

4



-2

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

n.a.

1
Includes temporary holdings of sterling ($370 million)
intended for direct investment in the United Kingdom,
n.a.—not available.
Source: Treasury Bulletin.

Earnings generally higher

With increased demand abroad for
petroleum, metals, and manufactures,
earnings of the direct investments
continued a steady advance. However,
the total was still under the 1957
record despite additional investments of
nearly $7K billion since that time.

May
1961

M

J:
1961

S

SURVEY OF CURRENT BUSINESS

26

Table 7.-—International Investment Position of the United States, by Area, 1959-60
[Millions of dollars]
Total
Type of investment

Western
Europe

1959 " I960 P 1959 r

Latin Ameri- Other foreign
countries
can Republics

Canada

1960 P

1959"

1960 P

1959 r

1960 J>

1959 r

1960 P

International
institutions
and unallocated
1959 r

1960 P

August 1961

Monetary authorities here and
abroad are now better prepared to
mitigate the disturbing effects of such
capital flows, cooperating in lending
short-term support to currencies coming
under pressure from this source.
Private portfolio investments

U.S. assets and investments
abroad, total

64,830j 71,407 18, 488 20, 442 15, 917 17,238 12, 675 13, 537 10,612 12, 759

7,138

7,431

44,818 50,285

9, 128 11,234 15S 907 17, 235 10, 749 11,473

2,293

2,508

41 ''"» Vi 37<>

8 2-)9

9 92? 15. 472 16, 600

9,311

29 HOI 32 744
Direct
Foreign dollar bonds 2
1,314 4 , 9 4 1
Other foreign securities _ _ 4, 22<) 4, 017
2 S74 3 ()~4
Other

5, 323
327
1. 173
1. 106

'' 3./7
1, 798
1. 122

10.310 11. 1%

899

Private investments
Long-term

Short-term

3, 596

U.S. Government credits and
claims.
_
Long-term.
Short-term...
Foreign assets and investments
in the United States, total
Long-term

.

Direct 2
Corporate stocks _
Corporate, state and municipal bonds . . ...
Other

4. 909

6, 741

7, 835

9, 850

5.917

6. 496

8. 365
240

5. 118
747
183
448
1, 339

2,508

2, 293
5

1,357
903
33

5

1, 418
1, 024
66

2,310
2, 508
344

2, 573
2. 517
312

8, 098
140
40
1, 033

1, 192

4, 717
634
175
391

1,312

435

635

1,438

1,623

824

10

3

1, 926

2, Col

3, 871

4, 924

4, 845

4,923

1, 889
175

2,471
1,400

2, 967
1,957

4, 845

4, 916
7

20,012 21,122

9, 360

9,208

17,60oj 18,230

8, 522
838

8, 458
750

16

3

1,767
159

42, 146 44,682 23, 120 24, 048

5,997

6,196

3, 794

3, 726

4, 402

4, 837

3,927

4,S65

3,301

3,303

1,154

1, 153

817

858

103

120

1, 896
1, 250

1, 949
1,209

129
743

130
728

127
476

139
490

2, 407;

2, 892

:

18, 050 18,438 12, 675 13, 004
6,604 6,931
9.363; 9,302

4,452
6, 856

4, 713
6, 836

38

39

534!
648
1, 5491 1, 557
i

364
1, 003

449
1, 006

15
140

5
140

64
218

75
220

26
188

og
191

65

81

Short-term assets and U.S.
Government obligations _ _ 24,096 26,244 10, 445 11,044

2,696

2,893

2,640

2, 573

3,585

3, 979

3,824

4,845

10, 893 12, 113

4. 451

4,893

1,704

1,981

2, 358

2,211

2, 236

2,709

144

319

U.S. Government obligations. 13, 203! 14. 131

5. 994

6, 151

992

912

282

362

1,349

1,270

3,680

4,526

838
5. 156

5,348

803

363
629

327
585

187
95

141
221

95
1, 254

114
1,156

666
3,014

891
3, 635

Private obligations
Long-term
Short-term 3

2 149i

2 276

11,054 11,855

r

Revised.
p Preliminary.
Represents "the estimated investment in shipping companies registered in Panama and Liberia.
Consists primarily of securities payable in foreign currencies, but includes some dollar obligations, including participation
in loan made by the International Bank for Reconstruction and Development.
s Total includes estimated foreign holdings of U.S. currency: 1959, $906 million; I960, $910 million; not distributed by area
1
2

Basic factors underlying1 the behavior
of interest rates were sagging economic
activity in the United States, which was
accompanied by a fall in short-term
interest rates from a peak at the beginning of the year to a low of a little over
2 percent at mid-year, and the booming
economies of other industrial countries,
leading to attempts by their monetary
authorities to restrain credit. The flow
of liquid funds toward the latter
countries tended to frustrate their
monetary policies, and eventually, as
the loss of gold and dollars by the
United States became very large, and
fears of devaluation grew, flights of
capital developed. In some countries
this led to a shift from primary emphasis
on monetary measures of restraint to
increased reliance on measures other
than high short-term interest rates.
Short-term rates in the United Kingdom
and Germany were consequently sharply reduced in the last quarter of the
year, and, in the case of Germany, have



continued to decline this year. Germany also appreciated the value of its
currency in March 1961.
Short-term interest rates in the
United Kingdom nevertheless remained
well above the United States rates, but
the incentive to move funds to that
market was wiped out early in the year
by a widening discount on forward
sterling. Recent announcement of a
sharp boost in the discount rate in the
United Kingdom has altered this relationship. In the case of Canada,
short-term interest rates remained
attractive through the first five months
of 1961, and then were offset by depreciation of the Canadian dollar and lower
interest rates there.
By far the largest outflow of funds,
however, was recorded for Japan, as
shown in table 6. Interest rates in
that country persist well above those in
other industrial countries, attracting
both United States funds and dollars
owned bv residents of other countries.

Long-term private portfolio investments abroad were increased by $1.2
billion in 1960—about the same amount
as in 1959—reaching a total value of
$12.6 billion. About $850 billion of the
1960 gain resulted from capital outflows,
and the remainer consisted of improved
market values for foreign stocks and
dollar bonds.
U.S. purchases of new foreign
securities offered here have fallen since
the 1958 peak, when interest rates here
were comparatively low. The total for
1960 was $573 million, with the volume
reduced after the first half and continuing at a low-level this year. Canadian
borrowers have lately raised a much
higher proportion of their needs in their
own capital market, and the other major
issuer here, the International Bank, has
not entered this market to any extent
in this period of balance-of-payments
problems. There was a considerable
variety of other issues offered here in
1960, led by a $100 million issue sold
privately by a Mexican institution.
Investors in the United States added
nearly $100 million to their holdings of
other foreign bonds, purchasing sizable
amounts of European issues and participating in loans originated by the
International Bank.
Americans reduced their acquisitions
of foreign corporate stocks in I960, but
accelerated their purchases again in
the first half of 1961. Most of the
stocks were issues of companies on the
European continent; there were net
liquidations of Canadian and United
Kingdom equities in 1960, reflecting
a downward drift of prices in those
countries.
Medium term foreign loans by U.S.
banks increased by $160 million in 1960
to a total of $1.7 billion. Most of the
increase went to Argentina and Venezuela. There was a general but moderate reduction of outstanding bank loans
in the first five months of 1961. Credits
extended by non-financial concerns
rose moderately in most areas in 1960.

BY MURRAY F. FOSS

Manufacturers' Inventory and Sales Expectations
A Progress Report on a New Survey
IX THE fall of 1957, after
The sample and the
a decade of successful experiquestionnaire
In the latest survey of manufacturers' inventory and sales
ence with the survey of
The businessmen's projecexpectations, businessmen have projected a seasonally adjusted
increase of $1 billion ($.5 billion before correction for understatebusinessmen's plant and
tions presented here, which
ment), in the book value of their stocks during the third quarter,
equipment expenditure anticare tied to the regularly pubwith durable goods industries accounting for about two-thirds
ipations, this Office initiated
lished
Department of Comof the advance. Manufacturers' stocks were reduced by $.4
an exploratory survey of
merce monthly data on sales
billion
during
the
first
quarter
and
were
about
unchanged
in
the
manufacturers 7 sales and
and inventories (Industry Sursecond.
Manufacturers expect their sales to increase 4 percent in the
inventory expectations. A
vey), are based on a sample
third quarter, extending the rise that began earlier in the year.
major purpose was to deterof about 1250 to 1400 manuA rise is anticipated by both durable and nondurable goods
mine whether the survey
facturing corporations, whose
producers.
approach, based on businessinventories account for over
Manufacturers holding about one-fifth of the value of invenmen's expectations, could
55 percent of the value of all
tories characterized their stocks as high at the start of the second
quarter, a ratio which is lower than the average reported since
yield reasonably accurate
manufacturers' inventories.
the fall of 1957. Almost all the remainder viewed stocks as
short-run forecasts of changes
The sample consists of most
about right relative to sales and unfilled orders.
in inventories. In addition,
manufacturing companies
it was felt that the survey
J with assets of $10,000,000 or
might shed more light on the
more, and a small sample of
behavior of inventories and the role of Summary
firms under that size.
expectations over the business cycle.
The first three surveys were run on a
The record of inventory anticipations,
Since that time 11 surveys have been
6-month
basis. The first survey, for
as initially reported, whether quarterly
conducted in which anticipations can
example,
which was sent out in late
or semiannual!}^ has generally not been
be compared with actual experience.
October
1957, asked companies to
satisfactory, displaying a basic underThis article describes what has been
report their actual inventory book
statement. However, favorable reundertaken and tentatively evaluates
sults have been obtained thus far by values on September 30, 1957 and the
the results to date, with attention
correcting the reported inventory ex- value of inventories that they exfocused on the overall totals. The
pectations for the apparent bias, pected to hold on March 31, 1958.
approach and results should be viewed
through the use of supplementary in- Actual sales were requested for the
as preliminary since the time period
third quarter of 1957, and expected
formation. The added information
encompassed by the surveys is very
sales for the first quarter of 1958. In
pertains to data reported in the survey
short, and was affected by the 1959
addition, each company was requested
on the condition of inventories relative
steel strike.
to characterize its total inventories on
to sales and unfilled orders. The
It was realized that the problem of
September 30, 1957—in view of its
amount of the correction varies over
obtaining reasonably reliable projectotal sales and unfilled orders position—
the inventory cycle—suggesting aptions of inventories was a difficult one.
as "high," "about right," or "low."
preciable additions to the anticipation
Short-run sales expectations and deStarting with the fourth survey, in
when stocks are relatively low, and
partures from them play an important
the spring of 1959, questions perdownward adjustments when stocks
role in inventory shifts; but as has
taining to quarterly anticipations were
are relatively very high.
been frequently pointed out in connecAt the present time it is intended to added to the schedule. At this time
tion with the annual investment and
companies reported actual March 30,
publish seasonally adjusted survey resales surveys, businessmen have only
1959 inventories, and expected invensults quarterly both on the reported
limited control over the course of their
tories on June 30 and September 30 of
and corrected basis. It should be
sales. Moreover, comparatively small
the same year; comparable quarterly
tolerances are required for the antici- emphasized, however, that additional sales figures were also given. Thus
pations. With manufacturers' inven- observations are necessary for a. more like the plant and equipment survey
tories around $55 billion, each one- conclusive determination of the need we now obtain for a given quarter,
percent change during a quarter, for ex- for, and the form of, correction factors from successive surveys reported at
ample, is the equivalent of a change of for systematic tendencies in inventory 3-month intervals, a first anticipation,
more than $2 billion at an annual rate. anticipations.
a second anticipation and an actual.



SURVEY OF CURRENT BUSINESS

28
Sales Anticipation
Because of the central role pla}^ed by
the sales forecast in companies' future
operating plans, attention is focused
initially on the realization of sales anticipations. The first chart presents a
comparison of anticipated changes in
sales with actual changes, seasonally
adjusted, for all manufacturing firms
combined. The top panel refers to
changes from the most recent actual
calendar quarter, at the time the anticipations are reported, to the next quarter. The bottom panel refers to changes
over a 6-month period. Table 1 gives
corresponding data including averages
of actual and anticipated changes and
deviations.1 All seasonal adjustments
of sales (and inventories) were made by
this Office.
The main points brought out by the
chart and table are these: (1) Measured
by size of percent deviation disregarding signs the one-quarter anticipations
show a better record than the 6-month,
as might be expected. (2) Misses in
direction of change have occurred
twice with the one-quarter forecast and
almost half the time with the 6-month
projections. Aside from the latter part
of 1959, when the steel strike was in
effect, the misses are associated with
the recession periods. (3) In most
instances actual sales have fallen short
of expectations, although this phenomenon may reflect the time period
covered.
There has never been a projection of
an overall sales decrease over a 6-month
period, though this is not true of the
shorter anticipations. Conceivably
this reflects a bias in the sales expectations—an unwillingness by businessmen
to report a deteriorating sales outlook
for a period as long as a half-year at the
onset of the recession. However, given
the brevity of the postwar recessions
and the lag between the availability of
data and actual events, the existence
of such a bias is not conclusive.
First and second anticipations
compared

Starting with the third quarter of
1959 we can compare first and second
anticipations of sales with actual for
1
The deviation is defined as follows: (Anticipated minus
actual sales)-f- (Actual sales).




eight successive quarters. The record
of the first anticipation is not good.
Note, however, that the second anticipation, given the first, always moves
toward the actual and is always superior
to the first. The data are shown below
in terms of seasonally adjusted percent
changes from the preceding quarter:
Anticipation
1st

3d quarter 1959
4th quarter 1959
1st quarter 1960
2d quarter 1960
3d quarter 1960
4th quarter 1960
1st quarter 1961
2d quarter 1961
3d quarter 1961 .

------

Actual

2d

1.3
3.6

-2.2
-2.1

-2.5
-.9

6.2
1.9
2.7
1.8

2
-.1
.5

5.2

4.9
-.8
-2.3
-3.0

1.4
3.6
3.9

.5
4.8

-.8
5.3

August 1961

expect that the closer the projected
period, the closer the forecasts should be
to the actual. At the very least, even
though it may overshoot the mark, the
second anticipation should move in the
direction of the actual.
Apparent inconsistencies of this
nature have been encountered before
in surve}7s of businessmen's anticipations. In the OBE-SEC quarterly
survey of plant and equipment expenditure anticipations, it has been found
that prior to correction for systematic
under- or overstatement in anticipatory
Sales Anticipations Reported by Manufacturers
Compared with Actual
-

-10

Percent Change
5
0

5

10

CHANGE FROM PREVIOUS QUARTER
'Anticipated
3159 ______

Inventory Anticipations
An examination of the reported inventory anticipations reveals that
frequently these projections have appeared to be understating sizably the
amount of inventory change or even
moving in the wrong direction from the
movement shown b}^ the actual monthly
figures available at the time of the forecast. With two exceptions the level of
actual inventories has always exceeded
the anticipated values. On the average
actual stocks have exceeded anticipated
stocks by 2.1 percent for the 6-month
projections and by 1.7 percent for the
one-quarter projections.
The one-quarter forecast was added
to the survey on the assumption that
the accuracy of the projections would
improve as the time span was shortened.
This turned out to be the case with
sales, but not with inventories.

^Actual

CHANGE FROM TWO QUARTERS PREVIOUS
Actual^

^Anticipated**

10.5%

First vs. second inventory anticipations

A comparison of first and second
anticipations with actual since the third
quarter of 1959 indicates that the
second anticipation, although submitted
3 months after the first, is far less
accurate than the first in 4 out of 8
cases and shows no clearcut superiority
in the remaining instances. While it
is possible that the business outlook had
changed in such a fashion that the
second anticipation was indeed a more
reasonable figure at the time of submission, on the average one should

-

1

0 -

5

0

5

* based on anticipations reported early in the quarter
* * based on anticipations reported early in previous quarter
U. S. Department of Commerce, Office of Business Economics

6l-8~!5

August 1961

data, the second or later anticipation
for a given quarter has yielded a poorer
forecast of actual than the first.2 Since
mid-1952, however, a successful technique has been used by OBE to correct
these errors.3
During the course of this survey, and
particularly in the more recent period
because of the increased number of
observations, tests were run in an attempt to account for the differences
between actual and anticipated inventories as reported. The overall reported inventory anticipation was not
markedly improved through relationships with sales deviations, or by
making allowance for price changes.
An assumption that the inventory projections are made in seasonally adjusted
terms was not borne out. More conclusive tests require further aggregative
observations as well as intensive detailed analysis. A more extended discussion of the shortcomings of the raw
survey results is given below.
Condition of Inventories
One of the by-products of this survey
has been the development of a new and
useful set of statistics pertaining to
businessmen's views on the condition
of actual inventories relative to sales
and unfilled orders position at the start
of the forecasting period. While the
questionnaire has not asked for an
evaluation of stocks relative to expected
sales, it should be kept in mind that
unfilled orders reflect to some extent
sales in the future.
Total inventories of each respondent
firm are classified once in one of three
classifications: "high," "about right"
or "low"; about 95 percent of the
sample firms provide answers to this
question. Percent distributions based
on these data are shown in table 2.
The relative proportions of "high"
stocks show fairly marked changes
over the period covered, and are
roughly in line with shifts in the
stock-sales ratio; both measures move
inversely with business activity over
the cycle.
Over this period relatively few firms
have classified their stocks as "low,"
2
Sec SURVEY OF CURRENT BUSINESS, January 1957, pp.
18-19.
Digitized
forSURVEY
FRASER
3 See
OF CURRENT BUSINESS, August 1952, p. 19.



SURVEY OF CURRENT BUSINESS

29

despite some sizable increases in inventories. At the moment it is too early
to say whether the comparative absence
of "low" designations is an accurate
portrayal of business sentiment regarding inventory conditions over this
period, or whether it is the inevitable
result of business thinking which always
attempts to keep stocks as small as
possible and thus classifies stocks as
"about right" so long as they are
obviously not high.
If such a tendency is widespread,
the figures in table 2 can perhaps be
better used in an adjusted form. We
can obtain an average of the high
proportions, for example, and express
the high proportion at any given time
period relative to the average. On
this basis, stocks were high at the end
of September 1957, March 1958, and
March and June 1960, and relatively
low at the end of March and September
1959 and March 1961.

Table 1.—Seasonally Adjusted Changes in
Manufacturers' Sales Anticipated and
Actual, and Percent Deviation

Relationship of inventory condition
to inventory change

Condition of inventories at the start
of the forecast period appears to have
an important influence on the size of
both the projected and actual change
in inventories. Table 3 presents averages of anticipated percent change in
inventories, cross-classified with inventory condition; these data, based on
all surveys, are not adjusted for seasonal
variation. The group of firms with
high stocks almost invariably anticipates inventory reductions over the
short-run. Furthermore, they project
smaller increases or larger decreases
than do firms whose stocks are judged
to be about right. The pattern which
shows up in almost all the surveys is
reflected in the averages: the "high"
and "low" firms are in the extreme
positions while the "about right"
companies are in the middle.
Thus far a number of tabulations
have also been made of actual change in
inventories classified by inventory condition for the reporting firms. The
actual changes show the same pattern
that is evident in the anticipated
changes—the high and low firms are at
the extremes with the latter showing
either larger increases or smaller reduc-

Anticipated
percent
changes

Actual
percent
changes

Percent
deviation i

One- Quarter Changes2
I Q. 1959- II Q. 1959
II Q. 1959-III Q. 1959
III Q. 1959- IV Q. 1959

-2.2
-2.1

Q. 1960
Q. 1960
Q. 1960
Q. 1960

5.2
-.2
-.1
.5

-2.3
-3.0

4.9
-.8

.3
.ft
2.2
3.6

IV Q. 1960- I Q. 1961
I Q. 1961- II Q. 1961

5
4^8

-.8
5.3

1.4
-.4

Mean
Disregarding signs (absolute)
With regard to signs
_.

2.2
1.1

3.1
.8

1.5
.4

III Q. 1957- I Q. 1958
I Q. 1958-III Q. 1958

.5
4.5

-10.5

12,3

3.5

1.0

III Q. 1958- I Q. 1959
I Q. 1959-III Q. 1959
II Q. 1959-IV Q. 1959

3.3
5.2
1.3

7.9
4.9

--4.3

-3.4

4.0
7.2
2.6
1.7

4.0
4.1

-3.0
-5.2

0
3.0
5.8
7.2

IV
I
II
III

Q. 1959- I
Q. 1960- II
Q. 1960-III
Q. 1960- IV

3.9

7.6

-3.4

-.9

-1.3

-2.5

.3

6- Month Changes

III
IV
I
II

Q. 1959- I Q. 1960
Q. 1959- II Q. 1960
Q. 1960-III Q. 1960
Q. 1960- IV Q. 1960

.3
4.8

III Q. 1960- I Q. 1961
IV Q. 1960- II Q, 1961

2.0
4.2

-3.8
4.4

6.0
-.2

Mean
Disregarding signs (absolute)
With regard to signs

3.3
3.3

5.0
.3

4.1
3.3

1
2

Derived from indexes. (Anticipated-Actual) -f- Actual.
Second anticipation.

Table 2.—Condition of Manufacturers'
Inventories
[Percent distribution of inventory book values according to
company's classification of overall inventory condition]
Percent
"High"
less
percent
"Low"

High

About
right

All industries
Sept. 30, 1957
Mar. 31, 1958
Sept. 30, 1958
Mar. 31, 1959
June 30, 1959

37
46
24
18
23

61
52
72
76
71

2
2
4
6
6

100
100
100
100
100

Sept. 30, 1959
Dec. 31, 1959
Mar. 31, 1960
June 30, 1960
Sept. 30, 1960
Dec. 31, 1960
Mar. 31, 1961

18
23
31
35
29
28
22

71
72
67
63
70
71
77

11
5
2
2
1
1
1

100
100
100
100
100
100
100

35
44
20
12
17
7
18
29
33
28
27
21

Durable goods
Sept. 30, 1957
Mar. 31, 1958
Sept. 30, 1958
Mar. 31, 1959
June 30, 1959

38
47
26
20
29

60
52
69
75
64

2
1
5
5
7

100
100
100
100
100

36
46
21
15
22

Sept. 30, 1959
Dec. 31, 1959
Mar. 31, 1960
June 30, 1960
Sept. 30, 1960
Dec. 31, 1960
Mar. 31, 1961

21
25
39
42
36
32
24

64
68
60
57
63
67
75

15
7
1
1
1
1
1

100
100
100
100
100
100
100

6
18
38
41
35
31
23

Nondurable goods
Sept. 30, 1957
Mar. 31, 1958
Sept. 30, 1958
Mar. 31, 1959
June 30, 1959

35
44
20
14
14

63
53
77
80
80

2
3
3
6
6

100
100
100
100
100

33
41
17
8
8

Sept. 30, 1959
Dec. 31, 1959
Mar. 31, 1960
June 30, 1960
Sept. 30, 1960
Dec. 31, 1960
Mar. 31, 1961

14
20
20
26
20
22
19

81
78
77
71
78
77
80

5
2
3
3
2
1
1

100
100
100
100
100
100
100

9
IS
17
23
18
21
18

Low Total

SURVEY OF CURRENT BUSINESS

30
tions. In addition, the actual change
tends to exceed the anticipated change—
an indication of the understatement
common to the expectations data.
As another aspect of the above, we
find that the actual seasonally adjusted
inventory changes over a 6-month
period are highly correlated with inventory condition at the start of the period
for all manufacturing firms. The onequarter relationship was not so good,
but in both instances the projections
obtained from these simple relationships
are greatly superior to anticipations
directly reported for the corresponding
periods. The inventory condition was
quantified by use of the final column
in table 2.
Derivation of corrected anticipations

With inventory condition apparently
related to both anticipated and actual
change, a test was made to see if the
differences between actual and anticipated inventories also bore some relationship to inventory condition. In
each panel of the second chart the
percent deviation in inventories—
Deviations Between Anticipated and
Actual Inventories Related to Inventory
Condition at Start of Forecasting Period
Percent Deviation*

• One Quarter Anticipations

3-61

6-59
3-60

12-59

--Six Month Anticipations
9-58
3-61

3.53

3-59
9-59

12-59
3-60

-10

10

20

30

40

50

Inventory condition**
At start of Forecasting Period

defined as (anticipated minus actual
inventory) -f- (actual inventory)—is
measured along the vertical axis. Inventory condition at the start of the
forecast period is measured by the
"high" minus the "low" percentages
shown in the last column of table 2,
and is plotted along the horizontal
axis. While conceptually it may be
preferable to use each category
separately in a multiple correlation,
in this article we have used the high
minus the low percentage, which yields
a kind of net high percentage.4
The top panel of the chart is referred
to as a one-quarter relationship and is
based on changes from the beginning to
the end of the same quarter; the eight
surveys included in it are those for
which we can make a direct comparison
of actual and anticipated inventories
from matched companies in the sample.
Ten observations are available for the
second, or 6-month relationship.
The first relationship yields an r2 of
.89; for the second, r 2 =.85; both
correlation coefficients are highly
significant. It may be noted that the
two relationships have the same general
form but that the 6-month relationship
has the steeper slope and larger negative
constant.
We can see from the relationships not
merely an understatement in anticipated inventories relative to actual (the
deviation), but also a systematic variation in the relative understatement over
the inventory cj^cle. According to the
relationship, when stocks are low, the
understatement is comparatively large.
As stocks rise, the understatement
becomes progressively smaller, so that
when stocks are very high (as they were
in early 1958), anticipations tend to
exceed actual inventories.
The anticipations reported in each
survey hove been corrected by the use of
relationships like those indicated above.
Statistically the correction simply
involves adjusting the reported anticipations by a constant percentage, and a
variable percentage that becomes
smaller as inventories become relatively
higher. Except when stocks are very

* (Anticipated minus actual inventories) -j- (actual inventories)
**Proportion of stocks (book value) viewed high minus
proportion viewed low

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




61-8-16

4
Multiple correlations using the high and low proportions
as independent variables gave results quite similar to those
illustrated. The independent variables were significant at
the 5 percent level.

August 1961
Table 3.—Average Anticipated Percent
Changes in Manufacturers' Inventories
by Condition of Inventories at Start of
Period

Inventory condition at
beginning of period

Average anticipated percent
change in inventories
Total

Durable Nondurable

One- quarter ch inges

High
About right
Low

0

1
4

;

-3
1
4

-3
0
3

6- nonth cha iges

High
About right
Low _ __ . .

-5
-1
7

-6
-1
7

-5
0
8

NOTE.—Averages for one-quarter changes are based on 9
surveys; for 6-month changes, on 12 surveys. The number of
observations in the "low" category is almost always very
small.

high the net effect of this adjustment is
to raise the anticipation.
Why should this understatement of
expected inventories exist and vary in
the above fashion? At this stage we can
only suggest some reasons. One possibility may be related to the very
difficulty that businessmen experience
in gauging future inventories. As a
consequence, they may resort to
mechanical methods of projecting, with
the projected change in stocks being
related to recent actual changes over
year-ago figures. Such a technique
can give rise to misses at turning points
and estimates of change that are too
small in both directions.
Another and possibly associated
explanation may be related to the
manner in which business firms view
their inventories. It will be recalled
that few firms classify stocks as "low"
despite the large actual changes that
have subsequently occurred. It may
also be noted from table 3 that firms
designating their stocks as "about
right" project changes close to zero;
the average changes are about —1
percent without seasonal adjustment.
These characteristics may be indications of a fundamentally conservative
attitude toward inventories., which fails
to take account of the increased stocks
that are required for higher levels of
sales and output. Since the proportion
of firms viewing stocks as about right
tends to vary over the business cycle,
the understatement attributable to
this type of attitude toward inventories
will similarly vary.

SURVEY OF CURRENT BUSINESS

August 1061
Table 4.—Changes in Seasonally Adjusted
Manufacturers' Inventories: Anticipated
as Reported and Corrected, and Actual
[In billions of dollars]
Anticipated change
As
As
reported corrected

Actual
change

I One-Quarter Changes i
Mar. 1959-June 1959
June 1959-Sept 1959
Sept. 1959-Dec. 1959

0.3
-1.1
-1. 1

1.8
2
.'7

1.7
-.2
.5

Dec. 1959-Mar. 1960
Mar. 1960-June 1960
June 1960-Sept. 1960
Sept. 1960-Dec. 1960

.4
-.4
-.6
-1.7

1.6
.2
-.3
-1.0

1.9
.8
-.4
-1.0

Dec. 1960-Mar. 1961
Mar. 1961-June 1961

-.9
-.4

-.3
.6

-.4
0

Sept. 1957-Mar. 1958
Mar. 1958-Sept. 1958
Sept. 1958-Mar. 1959
Mar. 1959-Sept. 1959
June 1959-Dec. 1959

-1.8
-1.6
.3
2
-2.'0

-1.7
-2.5
1.8
2.2
-.1

-2.2
-2.7
1.2
1.4
.3

Sept. 1959-Mar. 1960
Dec. 1959-June 1960
Mar. 1960-Sept. 1960
June 1960-Dec. 1960
Sept. 1960-Mar. 1961

-.8
.3
-1.1
-1.9
-1.8

-.&

2.2
2. 2

-1.8
-1.1

2.4
2.7
.4
-1.4
-1.4

Dec 1960-June 1961
Mar. 1961-Sept. 1961

-1.4
.1

-.6
1.7

-.4

II 6-Month Changes

* Second anticipation.

Corrected anticipations vs. actual

Table 4 shows for each survey, in
terms of seasonally adjusted dollar
changes, the anticipated change as
reported, the anticipated change after
correction, and the actual change.
The corrected totals were obtained
in the following manner. Relationships similar to those shown in the chart
were derived separately for durable
goods and nondurable goods; corrected
components were then added to obtain
totals for all manufacturing. A further
adjustment was needed because of the
fact that the actual movements shown
by the samples of firms supplying anticipations differ to some degree from the
movements shown by the regularly
published monthly inventory data, due
to lesser coverage of small firms, failure
of a few very large firms to cooperate
in the survey, fiscal quarter endings
that differ from calendar quarters, etc.
It was found that the actual changes
shown by the anticipations survey
sample tended to exceed those of the
Industry Survey by $0.2 billion on a
3-month basis, and $0.5 on a 6-month
basis, the differences being about equally divided between durables and nondurables. These average amounts were
thus subtracted from the data after the
initial
correction to yield the corrected



figures shown in table 4. Naturally
some forecasting accuracy is lost by
such a procedure but this is unavoidable
so long as the samples differ and it is
desired to tie all anticipations to
Industry Survey actual totals.5
Of 20 comparisons with actual that
are possible in table 4, in only 2 cases
does the corrected figure fail to come
closer to actual than does the uncorrected figure. Whereas the uncorrected
figures miss direction of change four
times for the 6-month anticipation
there are only two misses after correction, one being extremely small. The
record on direction of change is also
better for the one-quarter change,
though the more striking feature with
the one-quarter changes is in the
amount of the correction.

31
out of 8 cases. This result is what
should be reasonably expected and,
interestingly, is exactly what has occurred in the quarterly plant and equipment survey after correction for
systematic over- and understatement.

Further Consideration of Sales
Deviations
Thus far the relation between sales
deviations and inventory deviations
has been ignored, aside from mention of
some preliminary tests which showed a
low correlation when deviations from
unconnected inventory anticipations
were related to departures from sales
forecasts. After correction, however,
there is evidence of an inverse relationship, that is, higher than expected inventories are associated with lower than
expected sales. The relationship apDeriving "first" anticipations
peared to hold for the 6-month sales
By combining the results of the two forecast but not for the one-quarter
relationships it is possible to derive an sales projection.
early or first anticipation after correcAnother aspect of sales deviations
tion for each of the quarters starting is concerned with inventory condition.
with the third quarter of 1959. These If we relate inventory condition for
data, in terms of seasonally adjusted total manufacturing at the end of a
dollar changes from beginning to the given quarter to the realization of sales
end of quarter, are compared with expectations for the same quarter, we
second anticipations and actuals below: find a fairly good and significant relationship. The more sales fall short of
2d
1st
Actual
expectations, the greater the proporanticipation anticipation
tion of stocks that are judged "high"
(Billions of dollars)
by businessmen. To a large extent,
then, inventory condition is a mirror
0.2
3d quarter 1959
-0.2
0.3
4th quarter 1959
-.3
.7
.5
of how actual sales in the recent past
1st quarter 1960
1.5
1.6
1.9
have turned out relative to expecta.2
2d quarter 1960
.6
.8
3d quarter 1960
-.8
-.3
-.4
tions. Very tentatively it appears that
-1.5
4th quarter 1960
-1.0
-1.0
the relationship between sales devia4
1st quarter 1961
0
-.3
.6
2d quarter 1961 _ .
0
tions and inventory condition is much
1.1
3d quarter 1961
better gauged by the 6-month sales data
than by the one-quarter figures.
Six of the 8 first anticipations show
up very well. The only appreciable Concluding remarks
The tentative character of the reerrors are found in the anticipations for
the last two quarters of 1959, the sults presented here must be kept in
period during which the steel strike mind. While the results of the cortook place. The comparison between rection technique are promising, it rethe corrected first and second anticipa- mains to be seen whether the correction
tions is particularly instructive. Given will work out in the future when circumthe first anticipation, the second moves stances may be different. In particutoward the actual in all but one case— lar, it is desirable to determine reasons
in marked contrast with the pattern of for the apparent biases in the anticithe uncorrected inventoiy expectations. pations. In the meantime, of course,
Second anticipations after correction more careful consideration by business
are closer to actual than are first in 6 to inventory and sales anticipations in
this survey should enhance the value
5
The separate figures for durables and nondurables underof the survey results.
lying table 4 may be obtained on request.
0

SURVEY OF CURRENT BUSINESS

32
National Product & Income
(Continued from page 7)

As indicated in the chart, this compares with a balanced budget for the
fourth quarter of 1960 and a substantial surplus earlier in that year.
Through the first quarter, the shift
from surplus to deficit has been due less
to positive Government action than to
the working of the built-in automatic
stabilizers.
As part of its countercyclical program, the Federal Government undertook several additional steps. These
included speedups in defense and other
orders which show up in business production and inventories before they
are reflected in Government purchases;
and actions taken in the field of money
and credit which are not directly reflected in Federal activities as measured in the national income and product accounts. The more important
of these have been noted in connection
with construction activity.
Exports decline

Exports of goods and services were
down from $27^ billion to $26K billion—
their first quarterly decline in 2 years.
Imports remained stable at $22% billion.
The decline in exports may have been

due in part to special factors, such as
the shipping strike during the last 2
weeks of the quarter, and to a lag in
cotton exports as shippers awaited a
rise in the export subsidy for the new
crop year. Exports of manufactured
goods continued strong.
Increase in payrolls

National income also recorded a new
high rate in the second quarter. Compensation of employees rose by $7%
billion to an all-time peak of $300
billion, as employment, the workweek,
and hourly earnings all increased.
The recovery in wages and salaries in
the second quarter was brought about
largely by a rebound in the commodity
producing and distributive industries,
where labor income had been falling for
over 6 months.
In conformity with the pattern of
final demand, the manufacturing wage
bill increased more sharply in durable
goods than in the nondurable goods industries. The sharpest gains were in
primary and fabricated metals, machinery (nonelectrical), and transportation
equipment. In the nondurable goods
industries substantial payroll increases
occurred in textiles and apparel. Construction payrolls advanced nearly $%
billion at annual rates, in contrast to

/ lew or

August 1961

their behavior in the weather-affected
first quarter when they had declined by
$K billion.
In the distributive industries, trade
payrolls in the second quarter turned
up with rising sales and the decline in
transportation payrolls was halted.
Government and service industry
payrolls, which advanced throughout
the recession, continued to rise in the
second quarter. The largest increase
occurred in State and local governments and amounted to $K billion at
annual rates.
Profits rise

Partial information relating to large
corporations indicates that the yearlong decline in corporate earnings was
reversed in the second quarter. From
the first quarter peak of last year,
pretax profits had fallen by $8/2 billion
at annual rates, or close to one-sixth,
as profit margins and sales shrank.
In the second quarter, earnings of
durable goods producers, particularly in
iron and steel and in autos, were up
sharply, and earnings in some lines of
nondurable goods production also improved. Profits of the service-type
industries, such as public utilities and
communications, whose growth had
been dampened by the recession, expanded further.

STATISTICAL S E R I E S
Inventory-Sales Katios of Manufacturing and Trade Firms

Wholesale trade

Manufacturing
Year and month

Juno
Mav
June
1

1960
1961

Total
manufacturing
and
trade

Nondurable goods industries

Durable goods industries
Total
Total

Purchased
materials

Goods- Finished
ingoods
process

Total

Purchased
material

Goods- Finished
ingoods
process

Total

Retail trade

NonDurable durable Total
goods
goods

NonDurable durable
goods
goods

1.51

1.79

2.17

0.58

0.86

0.72

1.44

0.57

0.20

0.67

1.04

1.53

0.76

1.37

1.98

1.08

1.48
1.47

1.73
1.72

2.07
2.05

.53
.51

.82
.82

.72
.72

1.43
1.43

.55
. 55

.20
.20

.68
.67

1.05
1.04

1.55
1.53

.79
.80

1.36
1.35

1.98
1.98

1.09
1.07

Based on end-of-rnonth inventories, seasonally adjusted, and seasonally adjusted sales for month.




l

BUSINESS STATISTICS
J. HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OP CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (t), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. 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.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1961

1960

June

July

DecemAugust SeptemOctober November
ber
ber

January

February

March

April

May

July

June

GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT f
Seasonally adjusted quarterly totals at annual rates: t
National income, total
_bil. ofdol.Compensation of employees, total _
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries

419.2

419.0

416.5

412.2

294.6
272.4
224.6
9.8
38.0
22.2

296.0
273.2
224.2
9.9
39.1
22.7

294 0
271.3
221 6
10.0
39.7
22.7

292 6
270.1
219 7
10.1
40.3
22.5

48.6
36.4
12.3
11.7

48.7
36.3
12.4
11.7

49.0
36.3
12.7
11 7

48.9
36.0
12 9
11 5

45.9
46.3
23.0
23.3

44.1
43.2
21.4
21.7

42.9
42.6
21.1
21.4
.3

40.0
39.6
19.6
20.0
.4

do

18.3

18.6

18.9

19.2

19 6

do

506.4

505.1

504.5

500.8

516.1

329.9
45.3
153.3
131.2

329.7
43.4
152.7
133.6

332 3
43.8
153 1
135 4

330
39
153
137

336 1
42 o
154 1
139 9

74.6
40.7
28.6

70.5
40.4
27.7

65.6
40.7
26 7
1.9

59.8
39 6
24 2
40

68
41
24
2

-do
___do
___do
do
do
_.do_ _

Proprietors' income, totaled
--do
Business and professional cf
-do_..
Farm
_
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
_
bil. ofdol—
Corporate profits before tax, total
_. -do . .
Corporate profits tax liability
-do
Corporate profits after tax
__do - _
Inventory valuation adjustment
do
Net interest.
Gross national product, total
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services

do. _.
-do
do
-do

Gross private domestic investment, total
New construction ...
Producers' durable equipment
Change in business inventories

do
do
-do
do

Net exports of goods and services
do
Exports
do
Imports. -_ _ _ _ _
do --_
Government purchases of goods and services, total
bil. ofdolFederal (less Government sales)
_do _„
National defense 9
_ _do_ __
State and local
do

-.4

.9

5.4

2.4

2.3

7
4
7
5

300
277
226
10
41
22

2
3
0
1
2
9

49 2
36 3
12 9
115

8
3
7
8

26.7
24.4

26.8
23.8

3.0

5.1
27 6
22.4

53
27 6
22 3

39
26 4
22 5

99.6
52.9
45.5
46.8

101.9
54.0

101.6
53 0
45 7
48.6

105. 0
54 7
47 2
50.3

107 3
56 6
48 8
50.6

403.1
50.5
352.7

405.1
50.8
354.4

405 4
50 5
354.9

413 2
51 4
361.8

24.6

22 7

404 7
50 3
354.3
23 7

Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income

do
do_. .
do

Personal saving§

do

22.8

bil. ofdol--

443.4

45. 4
48.0

—

-

25 g

GNP in constant (1954) dollars
Gross national product, total

Personal consumption expenditures, total
Durable goods
Nondurable goods
Services

do
do
do
do ...

Gross private domestic investment, total
New construction
Producers' durable equipment.
Change in business inventories

do
do
do
do

Net exports of goods and services.

do

440.2

438.4

433.2

445.5

299.5
42.5
142.9
114.2

298 6
40.8
142.0
115.8

299 6
41.6
141.3
116.6

297 o
37.6
141.6
117.8

301 6
39 8
142.6
119.2

62.3
33.9
23.4

58.6
33 6
22.7
2.3

54 9
33 9
22 1
-1.1

49 6
32 9
19 9
-3.2

57 3
34 1
20 3
2.9

4.9

--

-

1.0
1.6
3.3
3.5
1.9
Government purchases of goods and services, total
80.6
bil. ofdol. .
81.3
80.3
84.7
83.3
Federal
do
42.7
42 9
41 6
44 7
43 1
State and local
do
37.8
38.4
38.7
40.2
40.0
f Revised.
t Revised series. Estimates of national income and product and personal inco:>me have been revised back to 1957; revisions prior to the 2d quarter 1960 (and prior to May 1960
for personal income). appear
on p.
c?Includes
inventory valuation
adjustment.
.. 6 ff.. of the Julyv 1961 SURVEY.
tion adjustment.
9 Government sales are not deducted.
rf
§Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.

001431°—61


S-l

SUEVEY OF CURRENT BUSINESS

S-2
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961
1961

1960

June

July

DecemOctober NovemAugust September
ber
ber

January

February

March

April

May

June

July

GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE!
Seasonally adjusted, at annual rates: $
Total personal income

bil. of doL

Wage and salary disbursements, total
do _
Commodity-producing industries, total — do
Manufacturing only
do _ _
Distributive industries
do
Service industries
do
Government
- do
Other labor income
- do
Proprietors' income:
Business and professional
do
Farm
- do_ _ _
Rental income of persons
Dividends
Personal interest income.
Transfer payments
Less personal contributions for social insur
Total nonagricultural income

do
do
do __
do
do _ .
do

1 405. 5

1

419.

2

404.4

404.7

405.2

405.5

406.4

406.0

404.0

403.6

403.1

407.3

409.8

413.2

r

417. 3

421 8

273.2
111.7

273. 6
111.3
88.0
72.6
41.1
48.6
10.9

273.2

273.0

272.9

269.6

269.5

271.1
106.5
84.1
71.8
42.1
50.7
10.6

277.2

r

105.6
83.5
71.8
41.7
50.4
10.7

274.6

280. 7

88.6
72.6
40.9
48.0
10.8

88.9
r
73 5
M2. 9
51.6
11.0

282 5
113.5
89 4
73 8
43 5
51.7
11.1

36.4
12.7

36.3
12.3

36.4
13 0

36 6
12.9

11.7
14.0
26.2
28.7
9.3

11 5
!4.3
27.1
33.0
-•9.8

11 5
14 3
27.2
!35 4
9.8

387.6

MOO. 2

1404.7

109. 5
86.3
72.4
41.4
49.6
11.1

271.5
108.3
85.4
72.0
41.5
49.7
11.2

269.6

110.0
86.7
72.3
41.3
49.4
10.9

36.3
12.4

36.3
12.4

36.4
12.5

36.4
12.8

36.0
12.8

36.0
12.8

35.8
12.9

36.0
13.0

36.1
12.9

36.3
12.9

11.7
14.0
26.3
28.8
9.3

11.7
14.1
26.4
29.3
9.3

11.7
14.3
26.6
29.8
9.4

11.7
14.4
26.6
30.2
9.3

11.7
14.4
26.7
30.7
9.3

11.6
14.1
26.7
31.0
9.2

11.6
14.2
26.8
31.1
9.6

11.5
14.2
26.8
31.1
9.4

11.4
14.2
26.8
!33. 7
9.6

11.5
14.2
26.8
32.5
9.6

11.5
14.2
27.0
33.0
9.7

388.3

388.7

389.0

389.8

389.1

387.2

386.8

386.2

1 390. 4

392.9

396.4

110.2
86.9
72.6
41.2
49.1
10.9

106.2
84.0
71.8
41.7
49.8
11.3

106.2
83.8
71.8
41.6
50.0
11.0

109. 1
86.1
72.3
42.3
51.0
10.7

110.5
87. 6
72.9
42.5
51.3
10.8

r

112.7

r

r

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries

bil of dol

Durable goods industries
Nondurable goods industries

do
do

"Rail nnrl«! ~

do

Transportation other than rail
Public utilities
Commercial and other

do
do
do

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

2

3

9.28

8.98

9 53

7 57

3. 76
1.88
1.88

3.62
1.80
1.81

4 01
1.95
2.06

3 00
1.41
1 59

3 51
1.62
1 89

3 48
1 58
1 91

.27
.29
.55
1.42
2.99

.25
.24
.47
1.50
2.91

.24
25
.46
1 58
2.99

21
17
.41
1 09
2.69

.26
20
.49
1 45
2.81

26
16
45
1 65
2 68

36.30

35.90

35. 50

33 85

2

8 72

33. 85

3

8 70

34 60

Manufacturing
Durable goods industries
Nondurable goods industries

do
do
do

14.70
7.40
7.30

14.65
7.35
7.30

14.40
6 85
7 55

13. 75
6 50
7.25

13.65
6 30
7.35

14 05
6 40
7 70

Mining
Railroads
Transportation other than rail
Public utilities

do
do
do
do

1.05
1.10
2. 15
5.70
11. 60

1.00
1.00
1.90
5.60
11. 75

.PO
1 00
1 80
5 70
11 65

.95
70
1 75
5 35
11 30

1.00
.75
1 85
5.75
10 90

1.05
65
1 85
6 15
10 80

FARM INCOME AND MARKETINGS^
Cash receipts from farming, including Government
payments total
mil of dol
Farm marketings and CCC loans total
do
Crops
do
Livestock and products total?
do
Dairy products
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
\11 commodities
1947-49 — 100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1 947- 49 = 100
Crops
do
Livestock and products
_ _ - _ _ do

2,513

2,802

3,023

3,375

4,336

3,847

3,268

3,123

2,272

2,278

2,171

2,478

2,479

2,489

952
1,537
409
847
254

2, 738
1,316
1,422
389
759
250

2,992

3,353

1,397
1,595
379
902
282

1,715
1, 638
379
926
298

4,036

2,181
1,855
393
1,100
339

3, 767

3,077

2,250

788
1,462
377
819
238

607
1,652
424
924
279

2,137
618
1,519
417
823
249

2,236

2,447

1,448
1, 629
409
938
247

2,259

1,694
379
964
338

3,221
1,624
1,597
403
854
316

615
1,621
448
897
256

915
1, 532
427
832
246

102
89
113

112
123
104

123
130
117

138
160
120

166
203
136

155
193
124

132
151
117

126
135
120

92
74
107

93
57
121

88
58
111

92
57
119

112

118
96
134

132
143
124

143
148
140

156
174
142

191
236
156

176
222
142

146
168
130

r!44

102
81
118

103
57
137

97
53
130

r 52
r 147

2,073

163
131

100
85

r 106

120
90
142

INDUSTRIAL PRODUCTION t
Revised Federal Reserve Index of Quantity Output
Unadjusted, total index (including utilities)!
1957=100—
By industry:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures.
do
Mining
do
Utilities
do
By market grouping:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense

do
_ do
_ _ do
do
do

109

103

107

108

110

106

101

102

103

104

107

108

110
106
116
98

103
99
109
94

106
98
117
98

108
102
117
98

110
103
119
98

106
100
114
97

100
96
106
97

101
95
109
97

102
96
111
97

103
97
112
96

r 107

100
115
97

108
103
'115
98

111
M06
r
118
T
99

112
116
121
115
104

107
110
104
112
102

111
115
99
121
101

112
117
110
119
102

114
121
123
120
101

110
115
117
114
100

106
108
108
108
101

106
109
101
112
101

108
111
104
114
101

107
111
104
113
101

110
113
112
114
102

110
114
113
114
102

r H8

Mil
T

r H3
T H8

'118
103

P106

P log

plOl

pl!3
P 96

r> 1 AQ

p 113
P 105
P115
^102

r 1Q7
107
Materials
do
105
100
104
105
98
102
98
r 100
99
101
104
104
96
100
Durable goods materials
do_
97
99
95
90
90
p QQ
90
91
96
101
105
111
104
110
r 113
110
112
Nondurable materials.
do_ _
•D i ns
r 112
108
109
111
119
106
110
' Revised.
*> Preliminary.
1 Italicized totals for March and July exclude stepped-up rate of, and special Government life insurance dividend payments to veterans, respectively total
disbursements of $150 million (March) and $218 million (July) multiplied by 12 (to put on annual rate basis) amounted to $1.8 billion (March) and $2.6 billion (July)
Figures for transfer
payments and total nonagricultural income reflecting similar exclusion are as follows: March—$31.9 billion and $388.6 billion; July—$32.8 billion and $402.1 billion. ' 2 Estimates for AprilJune 1961 based on anticipated capital expenditures of business.
s Estimates for July-September 1961 based on anticipated capital expenditures of business.
Anticipated expenditures for
the year 1961, and comparative data for 1959-60, appear on p. 8 of the June 1961 SURVEY.
JSee note marked "t" on page S-l.
cf Revised beginning 1958; revisions prior to May 1960 will be shown later.
9 Includes data not shown separately.
tRevised series. For figures back to January 1955 for total and summary groups (seasonally adjusted), see p. 6 of the January 1960 SURVEY; for other information and earlier figures back
to 194-7 (1919 for total industrial production, including utilities), see the December 1959 Federal Reserve Bulletin and the separate Federal Reserve publication "Industrial Production- 1959
Revision" (available from the Board of Governors of the Federal Reserve System).




SUKVEY OF CURRENT BUSINESS

August 1961

S-3

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

June

July

1961

DecemOctober NovemAugust September
ber
ber

January

February

March

April

May

June

July

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Reserve Index of Quantity Output— Con,
Seasonally adjusted, total index (including utilities) f
1957= 100. _
By industry:
Manufacturing total
do

109

110

108

107

106

105

103

102

102

103

M06

108

110

P112

no

110

108

107

106

104

102

101

101

102

105

108

110

"113

do
do
do_.
do
do

105
88
84
108
106

106
85
80
109
107

104
83
76
108
107

102
80
72
106
105

101
78
73
105
104

98
74
68
101
101

96
69
64
101
98

95
71
06
97
97

94
73
69
96
94

95
74
69
%
94

99
82
79
99
96

103
90
86
105
102

105
92
88
107
106

plOS
P 96
p 9->
pllO
P 109

do_
do
do

109
10,5
114

110
107
114

107
103
113

105
101
112

102
100
105

102
9S
107

101
96
108

101
96
109

101
96
108

101
95
108

103
98
109

104
99
112

107
101
r 116

P 110
P 104
p 120

do
do_
do__

102
120
84

102
113
90

101
114
88

102
115
89

103
116
89

97
103
90

93
97
89

89
89
88

88
86
88

88
86
89

94
99
88

99
108
90

M01
M13
'88

p 103
P113
P 92

do
do
do_
do
do.

121
114
109
123
117

121
114
111
124
117

122
112
102
121
115

118
109
103
118
109

119
109
100
117
113

119
107
95
117
110

116
103
96
114
107

116
101
100

113
103
100
112
107

113
105
106
115
110

116
107
106
117
114

119
112
110
M20
M17

p 120
P 114

107

113
100
99
111
108

Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products

do__
do
__d®
__do__
do

110
115
127
104
112

116
113
128
103
112

115
111
127
103
112

113
106
122
97
112

113
104
122
101
112

112
101
123
99
110

111
98
119
96
109

111
98
113
97
111

111
]()2
116
96
113

112
104
120
96
113

114
106
120
100
117

116
109
120
100
117

' 118
112
123

Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products

do_
do
-do
do__
do

112
109
125
132
111

112
108
125
131
115

113
108
124
131
112

112
107
121
127
111

113
108
121
125
109

114
108
120
126
108

112
106
120
125
105

111
104
119
125
106

110
102
118
124
106

110
104
1^0
127
106

110
105
123
130
108

'-111
105
127
135
Mil

M12
106
131

pl!4

ll'>

P 115

do
do_
do
do
do_

122
109
109
110
115

117
110
109
111
111

115
109
109
109
114

111
110
109
110
114

110
111
111
112
115

109
109
109
108
117

105
110
110
109
115

103
110
110
111
113

102
110
110
108
116

96
111
111
109
116

M10
111
111
111
122

114

do
- do
do
do
do.
do

97
78
99
99
97
116

97
78
99
100
94
118

98
80
100
100
96
116

96
77
99
99
92
114

97
81
99
99
88
116

98

98
81
99
98
107
109

98
78
99
98
109
111

97

101
101
95
113

99
9S
106
106

97
68
101
101
106
107

M01
101
92
110

do
do.
do

124
123
124

124
124
123

125
126

126
127
121

124
125
120

123
124
118

123
124
119

124
125

125
125

125
125

127
127

do
do
do.

112
117
121

112
116
116

111
115
115

110
114
114

111
115
115

109
113
111

108
112
108

107
110
102

107
110
101

107
111
100

do
do
.do

121
123
118

114
108
122

114
118

117
119
113

121
123
118

112
109
116

105
97
118

94
78
118

90
73
115

do
do
.._ -do. _

120

117
113
118

114
108
119

112
105
119

110
103
115

110
1 04
114

110
106
113

108

122

109

115
121
114
110

116
121
115
110

115
119
114
110

114
113
114
110

115
114
115
110

114
114
113
109

1J3
111
114
109

112
r 122
113
120

111
122
116
122

111
120
115
122

112
119
116
121

113
122
115
120

111
118
116
119

do
do.

103
105
103
120
99
89

104
100
104
121
101
88

103
105
103
121
95
83

103
105
101
120
101
87

103
105
99
121
103
86

do
do
do
do
do

106
102
115
98
110

106
101
110
102
110

105
100
106
101
109

104
99
112
97
106

do
do
do
do

111
111
108
113

112
113
113
113

111
111
111
112

103
97
121

103
97
120

104
98
122

Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts
Machinery
Nonelectrical machinery
Flectrical machinery
Transportation equipment 9
Motor vehicles and parts
Aircraft and other equipment

-

Instruments and related products
Clay glass and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures

Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Mining
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Flectric
Gas

^

By market grouping:
Final products, total _
Consumer troods
\utomotivo and home goods
Automotive products
Autos
Auto parts and allied products
IIomecoods9
Appliances, TV, and radios
Furniture and rugs

Apparel and staples
_ _
Apparel, inel knit goods and shoes
Consumer staples 9
Processed foods
_ __

do
do
do
do__

Beverages and tobacco
do_
Drugs, soap, and toiletries
do
Newspapers, magazines, and books._do
Consumer fuel and lighting.
do
Equipment, including defense 9
Business equipment
Industrial equipment
Freight and passenger equipment
Farm equipment..
Materials
Durable poods materials 9
Consumer durable
Equipment
Construction
Nondurable materials 9
Business supplies
Containers
General business supplies

r

Business fuel and power 9
Mineral fuels
Nonresidential utilities
Revised.
v Preliminary.




us

do
do
do

do.
do
do
fSee corresponding note

on p . S-2.

111

'97

p 122
p 120

P119

118

113
113

' 112

113
107
116

98

p 9<)

101
101
100
116

" 101
P 101

' 130
131

M31

P132

109
114
109

111
' 115
113

r

113
118

r

118

pll 1
p 119
p 120

88
71
115

103
92
120

108
101
118

113
109
120

109
109
109

110
108
110

114
111
116

117
116
11 /

1 22
1 23
|-)()

113
108
114
110

113
110

114
114
114
111

115
116
115
111

M16
115
117
113

118
118
IIS
114

111
118
116
119

112
118
117
123

\\\
115

11.1
116
114
122

114
119
114
123

r

110
123
116
125

126
117

102
103
100
119
99
88

101
102
98
117
99
99

1 00
101
98
118
95
98

100
101
98
118
91
103

99
100
96
117
93
104

100
102
97
IIS
94
107

101
103
99
120
95
104

102
' 104
99
123
94
106

103
97
103
98
105

101
94
94
98
102

99
91
91
95
99

98
90
88
95
98

98
89
83
95
97

99
90
85
95
99

103
96
93
98
104

106
101
107
99
107

M09
r
104
111
101
110

109
110
108
111

109
110
107
111

109
110
106
112

108
110
109
110

107
108
108
109

108
108
110
108

109
108
112
107

111

112

r

114
113
114
112

p lit)

102
96
122

103
97
121

103
98
120

102
97
120

101
96
119

102
96
119

102
96
121

r

105
'97

P 105
P 9S

9 Include 3 data not shown se parately.

KF;

110

r 111
r

97
81
100
100
'86
Ml 4

r
r

no
no

114
110

M10

104
98
123

M05
'98
126

* 11 5
p 110

p 11U
"119

f 104
/' 10t)

" 10t)

SURVEY OF CURRENT BUSINESS

S-4
nless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961

1960
June

July

1961

DecemAugust SeptemOctober JS ovember
ber
ber

February

January

March

May

April

July

June

GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES§cf
Mfg and trade sales (seas adj.),totalt „ bil. ofdoL.

61.8

60.9

60.7

60.4

60.3

59.9

59 4

58 7

59 3

60 2

r

60 1

r

61 6

62 1

Manufacturing total
__ - .-do
Durable goods industries
do
Nondurable goods industries
do
Wholesale trade, total
do
Durable goods establishments
do
Nondurable goods establishments
do
Retail trade, total}
do
Durable goods stores
do
Nondurable goods stores
do~ _
Manufacturing and trade inventories, book value, end
of month (seas adj ) total
bil. ofdol..

30.8
14.9
15.9
12.5

30.1
14.4
15.7
12.3
4.5
7 9
18.2
5 8
12 4

30.1
14.4
15.7
12.2
4.3
7 8
18.1
58
12 3

29.6
14. 1
15.5
12.2
4.3
7 9
18.5
6 1
12 5

29.3
13.8
15.4
12.2
4.2
8 0
18.4
59
12 5

29 1
13.6
15 5
12 3
4 3
8 0
17.9
5 5
12 4

28 7
13.2
15 5
12 2
4 3
80
17.8
5 4
12 4

29 0
13.3
15 7
12 4
4 2
8 2
17.8
5 3
I9 4

29 6
13.7
15 9
12 5
4 2
83
18.1
5 5
12 6

30 1
14.1
16 0
r
12 1
T
4 1

r

30 8
14.6
16 2

12.5

30.4
14.7
15.7
12.3
4.4
7 9
18.1
5 7
12 5

93.5

93.4

93.3

93. 1

93.0

92.7

92 4

92 0

91 7

55.1

32.2
22.9

54.9
32.0
22.9

55.0
32.1
22.9

54.7
31.8
22.9

54.4
31.4
23.0

54.0
31 1
22.9

53 7
30 9
22.9

53 7
30 8
22.9

53 6
30 7
22.9

13.0
6.9
6.1
25. 3
11.8
13.5

13.0
7.0
6.1
25.4
11.9
13.5

13 1
7.0
6.1
25. 2
11.7
13.6

13 1
6.9
6.2
25 3
11.8
13.6

13.2
6.9
6.3
25 4
11.9
13.5

13 3
6 9
6.4
25 4
11.9
13.5

13
6
6
25
11
13

13
6
6
25
11
13

13
6
6
24
11
13

13
6
6
24
11
13

13
T 6
6
24
10
13

31.56

27.89

30. 75

31. 10

31.06

29.65

28 79

27 69

27 42

31 28

29 38

15. 61
2.19
1.34
1.81
5.03
2.04

13. 05
1.78
1.10
1.63
4.25
1.70

14.09
1.97
1.18
1.89
4.64
1.97

14. 58
1.96
1.16
1.83
4.87
2.11

14.71
1.91
1.14
1.68
4.76
2.10

14. 14
1 80
1.04
1.54
4.58
1.95

13.74
1 72
99
1 46
4.74
2 02

12. 59
1 81
1 07
1 39
4 35
1 79

12.58
1 71
99
1 36
4 48
1 83

14. 58
1 96

13.96
1 94
1 15
1 55
4 78
1 87

3. 66
2.26
.95
.82
15. 95
4. 80
43
1.25
1.07
2.39
3.15
.56
30.78
14 88
2.01
1.18
1.76
4.74
1.95
3.60
2.29
.91
.76
15.89
4. 63
.40
1.27
1.05
2.35
3.18
.52

2.91
1.73
. 77
. 73
14.84
4.57
39
1.05
.98
2.10
3.11
.48
30.44
14.73
2.11
1.30
1.73
4.77
1.94
3.41
2.14
.87
.75
15. 72
4.63
.38
1.23
1.08
2.30
3.19
.48

2.62
1.46
.97
.83
16. 67
4.88
45
1.30
1.15
2.40
3.26
.51
30. 15
14.42
1.98
1.18
1.70
4.70
1.93
3.35
2.15
.87
.73
15. 72
4.66
.41
1.20
1.09
2.33
3.17
.48

3.04
1.74
.90
.80
16. 52
5.01
41
1.29
1.13
2.45
3.16
.50
30.09
14.41
1.92
1.14
1.65
4. 66
1.94
3.57
2.28
.81
. 73
15. 67
4. 69
.39
1.20
1.09
2 30
3.20
51

3. 54
2.33
.86
78
16.35
4.97
40
1.28
1.10
2. 36
3. 16
.53
29. 60
14. 08
1.79
1.06
1.53
4. 59
1.93
3. 63
2.42
.78
.70
15. 52
4.70
.39
1.15
1.04
2.26
3.23
.49

3.62

3.50
2.12
72
60
15.05
4 60
40
1 09
98
2 07
3 44
45
29.14
13 62
1 75
1 00
1 58
4 58
1 89
3 15
1.87
80
70
15. 51
4 74
39
1 14
1 06
2 26
3 22
47

2.87
1 71
68
58
15 10
4 52
38
1 04
1 04
2 23
3 33
45
28. 67
13 17
1 76
1 03
1 55
4 65
1 90
2 77
1 53
74
69
15. 50
4 73
41
1 08
1 06
2 26
3 23
45

2.82
1 63
67
58
14 85
4 51

3.29
1 85

Manufacturing total
Durable goods industries
Nondurable goods industries

.-

- do
do
__do_ _.

"Wholesale trade total
do
Durable goods establishments
do
Nondurable goods establishments
do
Retail trade total
do
Durable goods stores
do
Nondurable goods stores
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales, value (unadjusted) total
__ bil. ofdol__
Durable goods industries, total?
Primary metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
Motor vehicles and parts _
Lumber and furniture
Stone, clay, and glass
Nondurable goods industries, total 9
Food and beverage

__

-

do
do
do
_ do
-do
do __
do
do
do
do
do
do

4.5
8.0

18.5
6.0

9 97

.79
.70
15.52
4.70
43
1.21
1.05
2. 17
3.17
46
29.25
13.81
1 79
1.04
1 57
4.61
1 87
3.30
1.99
.79
.70
15. 44
4. 66
42
1.13
1 05
2 22
3. 19
50

2
8
4
4
9
5

1
7
4
2
6
6

2
7
5
9
4
5

4 3
8 5

17.9
5 4
12 5

rlS.Q
r 5 5
r 12 4

91 0

91 2

91 3

91 4

53 3
30 3
23.0

53 4
30 2
23.2

53 4
30 2
23.2

53 4
30 2
23.2

3
7
6
4
0
5

115

1 60
5 10
2 O9

79
75

16 70
4 94

Ofi

Textile
do
1 08
Paper
_ __do
1 0°
Chemical
do
Petroleum and coal
__do
3 07
Rubber
do
49
Sales, value (seas, adj.), total
do
29.03
Durable goods industries, total 9
_ _ . __do
13 39
Primarv metal
do
1 81
Iron and steel
do
1 06
Fabricated metal
do
1 56
Machinerv (including electrical)
__
do
4 65
Electrical
do
1 93
9 83
Transportation equipment-.
_ do
Motor vehicles and parts.
__.do
1 59
Lumber and furniture
do
73
Stone, clay, and glass
do. __
70
Nondurable goods industries, total 9
do __
15 71
Food and beverage
do
4 87
Tobacco
do
41
Textile
_ _ do
1 10
Paper
do _ _
1 08
Chemical
do
9 -30
Petroleum and coal
_
_
_do
3 18
Rubber
do
46
Inventories, end of month:
54.88
54.48
Book value (unadjusted), total.
do __
54.40
54. 34
54.22
54.26
53 90
54 07
54 08
32.18
31. 75
31.73
31.57
31.18
31.40
Durable goods industries, total 9
- do .__
30 81
30 88
30 91
4.58
Primary metal
do
4 64
4 71
4 70
4 71
4 08
4 69
4 61
4 57
2 71
Iron and steel
do
2 76
2 82
2 83
2 84
2 8'?
2 81
9 71
2 75
2 97
Fabricated metal
do
3.46
3. 31
3.39
3 12
3 19
3 04
2 98
3 009
10.72
Machinery (including electrical)
__. do
10. 56
10.48
10.40
10. 33
10.33
10.27
10 26
10 3
4.12
Electrical
do
4.06
4.04
3.96
4.04
3.98
3 94
3 91
3 94
7.28
Transportation equipment
do __
7.05
7.16
7.26
7.28
7 20
6 97
7 06
6 98
Motor vehicles and parts.
_ do
3.10
3.12
3.32
3.01
3.21
3.30
3 14
3 15
3 07
1.92
Lumber and furniture
do
1.93
1.94
1.92
1.90
1.90
1 83
1 86
1 85
Stone, clay, and glass
do _
1.46
1.44
1.40
1 40
1.39
1 39
1 43
1 45
1 48
By stages of fabrication:
8.6
Purchased materials
do .
8.6
8.6
8 5
8 5
8 4
8 2
80
7 9
Goods in process
do
12. fi
12.3
12.5
12.5
12.4
12.3
12.1
12.2
12.1
Finished goods
do
11.0
10.8
10 6
10 5
10 5
10 5
10 6
10 7
10 8
22.70
Nondurable goods industries, total 9
do
22.66
22.75
22.69
22.94
23. 04
23 09
93 16
23 19
4.66
Food and beverage
do
4.72
4.93
5. 06
5.24
5 26
5 18
5 13
5 O9
9 10
Tobacco
do
1.87
1.83
1 85
2
02
1 93
2 00
2 08
2 14
Textile
do
2.75
2.72
2.66
2.57
2.58
2.53
2.63
2.71
2.77
Paper
do
1.60
1.61
1.62
1.60
1 62
1. 61
1 63
1 63
1 966
4 14
Chemical
_ _
do
4 11
4 09
4 10
4 10
4 03
4 19
4 23
4 8
Petroleum and coal
do
3.28
3.32
3.35
3.42
3.39
3.41
3.32
3.24
3.24
Rubber
do
1.20
1.18
1.16
1.13
1.13
1.18
1 14
1 16
1 17
By stages of fabrication:
Purchased materials
do
8.9
8.8
8.9
8.8
8 7
8.8
9 0
9 0
8 9
Goods in process
do
3.2
3.2
3 2
31
31
31
30
31
31
Finished goods
do
10.7
10.6
10.8
11.1
11.1
10.9
11.' 1
1L1
1L2
r
Revised. 1 Advance estimate. §The term "business" here includes only manufacturing and trade. Business inventories as shown on p.
farm and nonfarm.
Unadjusted data for manufacturing are shown below; those for retail and wholesale trade on pp. S-9 S-10, and S-ll.
SURVEY (p. 20) and later issues.
{ See corresponding note on p. S-9.
9 Includes data not shown separately.




r 8 1

30 9
14.7
16 2
12 9
4 4
85
18.3
5 6
12 7

1 99

1 17
2 51
3 27

50

29. 55
13 69
1 79
1 05
1 60
4 71
1 94
3 O9
1 64

77
73
15 86
4 80

49

1 16

110

9 38
3 08

49
53 81
30
4
2
3
10
3
6
2
1
1

779
5
68
O9
37
98
83
96
84
47

7 8
12'.1
10 9
23 05
4 94
2 05
2.81
1 66
4 97
3^26
1 16

r

r 12 8
r

4
8
7
4
9
5

3.19
1 91
77
69
15 42
4 51
07
1 12
1 12
2 44
3 10
48
30.12
14 14
1 95
1 17
1 62
4 85
2 02
3 15
1 84
80
69
15 98
4 80
40
1 20
1 14
2 40
3 25
48

r 13 5

6
6
24
11
13

r

r

7
8
5
0
5

32 31

15. 18
2 23
1 36
1 73

15. 78
2 °6
1 39
1 83
5 19
2 04

r 1 93
'3.49
2 14

86

* 79
16 34
T 4 93

45
r \ 18

1 20
r 2 64

r

3 24
52
30. 78
14 58
r 2 13

r

1 32
1 69
4 82

T I

95

r 3 29
2 01
84
' 72
r 16 20
r 4 80
r 43

1
1
2
3

29
16
47
31
50

73
63
48
66
02
38
01
70
87
84
48

r 53 77
r 30 65
4 45
2 65
r 3 07
r
10 45
T 4 08

7 7
12.1
10 9
23 10
4 92
2 01
2.84
1 68
4 27
3.29
1 15

7 7
12.1
10 9
T 23 12
r 4 83
T
1 94
••2.86

53
30
4
2
3
10
4
6
2
1
1

5
7
8
6
1
5

31 52

r 4 97

r

13
6
6
24
11
13

r 6 65

2 85
1 82
1 48

r 1 69

4 20
' 3. 35
1 14

T8 9
3 2
11.0

3. 63
2 21
90
83
16 53
4 gg
45
1 329
1 2
2 58
3 28
55
30.94
14 72
2 06
1 26
1 72
4 85
1 95
3 42
2 14
84
74
16 22
4 71
41
1 27
1 18
2 49
3 26
50

_

53 57
30 46
4 44

9 gg

3
10
4
6
2
1
1

09
34
02
57
79
81
46

..

7 6
12.0
10 9
23 11
4 81
1 88

2.81
1 69
4 22
3.37
1 12

88
33
11.0
S-l cover data for all types of producers, both
cf For inventory-sales ratios, see the June 1961
89
31

1LO

8 9
31
11.1

SURVEY OF CUEEENT BUSINESS

August 1961

S-5
1961

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

June

July

August

Septem- October Novem- December
ber
ber

January

February

March

April

May

June

July

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month — Continued
Book value (seas adj ) total
Durable goods industries total 9
Primary metal
Iron and steel
__
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clav and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished good*5

bil. of dol

55. 10

54 90

54 98

54 71

54.38

54.01

53.74

53 67

53 60

53.31

53.38

- 53. 37

53.35

do
-do
- do
do _
_ __ _ do
do

32. 23
4.80
2.95
3.34
10. 64
4.04

32.05
4.75
2.87
3.33
10.58
4.04

32 08
4.71
2.82
3.34
10. 59
4.08

31 84
4.64
2.74
3.27
10.53
4.06

31 43
4.57
2.68
3.18
10.44
4.01

31.07
4.52
2. 63
3.10
10.35
3.98

30. 86
4.50
2.62
3.12
10. 40
4.02

30 76
4.49
2.63
3.02
10.32
3.98

30 65
4.51
2.66
3.02
10.28
3.96

30.30
4.47
2.66
2.95
10. 25
3.96

30.15
4.51
2.73
2.92
10.21
3.94

- 30. 15
- 4. 51

'3.96

30.17
4.61
2.84
2.92
10.12
3.88

7.46
3.28
1.89
1.44

7.34
3.28
1.90
1.44

7.36
3.30
1.92
1.44

7.24
3.32
1 94
1.46

7. 10
3.13
1.96
1.46

7.02
3.03
1.93
1.43

6.85
3.01
1.84
1.44

6.92
3.03
1.85
1.44

6.86
2.93
1.85
1.43

6.69
2. 85
1.84
1.41

6.60
2.83
1.83
1.42

'6.63
2. 88
'1.80
1.42

6.63
2.91
1.80
1.43

do
- do __
do
do __
--

Nondurable goods industries, total 9
Food and beverage
Tobacco
Textile
Paper
_
_
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods

8.7

8.6

8.6

8.1

7.8

7.8

12.6
10.8

8.3

7.9

12.8
10.7

12.6
10.9

12.4
11.0

12.2
10.9

12.1
10.9

12.1
10.8

12. 1
10. 7

12.1
10.6

11.9
10.5

11.9
10.5

11.9
10.5

7.6
12.0
10.6

22.87

22.85

22.90

22.87

22.95

22.93

22.88

22.91

22.95

23.01

23.22

- 23. 22

23.18

do
- do
_ _ d o _._
do
do -.
-do
do

4.99
1.95
2.70
1.59
4.11
3.30
1.20

4.94
1.94
2.69
1.61
4.14
3.29
1.23

4 95
1.94
2.67
1.63
4.18
3.29
1. 24

4 98
2.00
2.64
1.04
4.16
3.26
1.20

5. 01
2.03
2.64
] . 65
4.18
3 28
1.16

4.96
2.02
2. 66
1 . 65
4.18
3. 30
1.14

4.98
2. 03
2.67
1.63
4.13
3.31
1.12

5.00
2.01
2.70
1.62
4.17
3.29
1.13

5 01
1.98
2.73
1.63
4.19
3.32
1.13

5. 06
1.98
2.76
1.62
4.19
3.37
1.12

5. 14
1.98
2.76
1.64
4.26
3.37
1.13

-5.07
1.97

4.24
- 3. 37
1.14

5.03
1.96
2.74
1.67
4.25
3.38
1.13

do__
do
do

9.1
3.1

9.1
3.2

10.6

9.0
3.2

8.9
3.1

8.8
3.1

8.7
3.1

8.7
3.1

10.9

11.0

11.0

11.1

11.1

8.7
3.0

8.9
3.1

10.7

8.9
3.1

8.8
3.0

10.6

9.0
3.2
11.0

9.0
3.3
10.9

do

31.48

27.91

30.56

31.05

30.04

29.02

28. 33

27. 58

do
do.- _
do
do

-

-

New orders net (unadjusted) total

2.74
'2.93
- 10. 20

8.4

8.0

8.0

8.0

- 2. 76
- 1.66

11.2

11.2

11.2

27.68

31.35

29. 62

31. 50

32.21

12. 76
1.85
1.10
1.38
4.46
1.79

14. 51
2.12
1.27
1.62
5. 16
1.99

14. 08
2.06
1.24
1. 53
4.73
1.90

- 14. 98
r 2. 30

15. 71
2.18
1.35
1.88
5. 13
1.92

Durable goods industries, total 9
do
Primarv metal
-_
do
Iron and steel
do
Fabricated metal
_ - - do
Machinery (including electrical)
do
Electrical
- do _
Transportation equipment (including motor vehicles)
- -bil. of doL_

15. 52
1.84
1.07
1.71
5.24
2.37

3.80

2.82

2.90

3.31

3.31

3.52

3.58

2.63

2.82

2.97

3.19

'3.24

3.48

Nondurable goods industries total
_ _
do
Industries with unfilled orders ©._
do
Industries without unfilled orders 1
- do

15. 96
3.52
12. 44

14.73
3.01
11.72

16. 46
3.49
12. 97

16. 42
3.57
12. 85

16.24
3.52
12 72

15.42
3. 35
12.08

15.00
3.14
11.87

15.24
3.25
11.98

14.91
3.19
11.72

16. 84
3.73
13. 11

15. 54
3.43
12. 11

r 16. 52
r 3. 65
r 12. 86

16. 51
3. 66
12. 84

13.17
1.67
1.00
1.64
4.39
1.86

14.10
1.80
1.02
1.89
4.62
2.04

14.63
1.89
1.13
1.72
4.88
2.32

13.80
1.74

.99

1.62
4.45
1.87

13. 59
1.77
1.02
1.46
4.27
1.75

13.33
1. 65

.97

1.33
4. 59
2.02

12. 35
1.85
1. 18
1.38
4.25
1.67

1.41
- 1.76
r4.84
1.92

30.11

29.19

30.01

30.40

29.21

29 02

28.70

28.50

29.11

29.85

30.44

-31.09

31.04

Durable goods industries, total 9
- - do
Primarv metal
_ _ _
do
Iron nnd steel
do
Fabricated metal
do
Mnchinerv (Including electrical)
do
Flectrical
- do
Transportation equipment (including motor vehicles)
bil. of dol

14.34
1.78

13.84
1.89
1.17
1.59
4.52
1.89

14.41
1.84
1.05
1.74
4.81
2.21

14 62
1.85
1.12
1.54
4. 75
2.23

13. 74
1.64

13. 60
1.75
1.03
1. 56
4.59
1.82

13.22
1.77
1.06
1.46
4.67
1.93

12.88
1.81
1. 14
1.52
4.54
1.83

13 36
1.75
1 03
1.49
4.59
1.88

13. 82
1.88
1.10
1.62
4.76
1.88

14.38
2. 19
1.33
1.58
4.74
1.99

r 14. 80
r 2. 19

- 14. 85
2.18
1.35
1.81
4. 76
1.74

3.46

3.20

3.33

3.82

3.69

3.06

2.83

2.66

3.07

3.02

3.28

- 3. 36

3.32

Nondurable goods industries, total
Industries with unfilled orders (D _
Industries without unfilled orders t

do _
__do
do

15.77
3.43
12.34

15.35
3.17
12.18

15.61
3.39
12.22

15.78
3.58
12.20

15.47
3.31
12.16

15.42
3.32
12.10

15.48
3.31
12.17

15. 62
3.36
12.27

15 76
3.30
12 46

16.03
3.54
12.48

16 06
3.49
12 57

- 16. 29
- 3. 55
- 12. 73

16 19
3. 56
12 63

do_._

47.68

47.69

47. 50

47. 45

46.44

45.80

45. 37

45.27

45.52

45.59

45.83

- 45. 80

45. 71

Durable goods industries, total 9 .
.-_ _ _ d o
Primary metal
_
_ . _ __ _do
Iron and steel
_ _
_ _ _ do _
Fabricated metal
__
do .
Machinery (including electrical)
do
Electrical
do _
Transportation equipment (including motor vehicles)
. bil. of dol

44. 50
4.03
2.77
3.08
18. 12
10.19

44.62
3.92
2.67
3.10
18.26
10.35

44.64
3.74
2.50
3.10
18.24
10.43

44. 68
3.67
2.47
3.00
18. 25
10. 63

43.77
3.50
2.32
2.94
17.94
10.40

43.23
3.47
2.30
2.86
17.62
10.20

42. 85
3.41
2 28
2.73
17.48
10.21

42.60
3.45
2.38
2.73
17.38
10.09

42 79
3.59
2 50
2.75
17 36
10 04

42.72
3.75
2.62
2.78
17.42
10. 01

42 84
3.87
2 71
2 76
17 37
10 04

- 42. 64
- 3. 95
2.76
-2.79
17.24
10.02

- 42 56
3.87
2 72
2 84
17 19
9 89

14. 69

14.60

14.89

15. 16

14.93

14.83

14. 93

14.70

14 70

14.39

14 38

14. 13

13 99

3.18

3.07

2.86

2.77

2.66

2.57

2.52

2.67

2.73

2.87

2.99

- 3.17

3.14

New orders net (seas adjusted), total

_ do

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

Nondurable goods industries, total ©

do

.99

1.68
4.69
2.03

.97

1.48
4.40
1.86

1.32
-1.74
-4.78
-1.97

BUSINESS POPULATION
Firms in operation, end of quarter (seasonally ad justed )§
thousands

4,710

New business incorporations (50 States) eft- -number. _

16,710

14, 707

1,5, 028

14, 043

13, 783

12, 435

14, 594

16,350

13. 281

16, 783

14,815

16, 371

16, 485

INDUSTRIAL AND COMMERCIAL FAILURESc?
Failures, total
number--

1,334

1, 146

1,315

1,269

1,344

1,311

1,353

1,404

1,449

1,610

1,441

1,545

1,403

103
do
do- __
213
228
do
680
_ _ do
110
_ .
do
thous. of dol__ 126, 450
do
22, 597
do
18, 613
do
41,111
do
28, 497
15, 632
do.__

102
192
173
573
106

128
217
228
621
121

113
218
218
604
116

132
231
229
613
139

111
228
231
617
124

110
245
231
637
130

121
219
228
685
151

IIP.

262
229
693
149

135
266
271
786
152

131
245
238
704
123

123
222
218
696
144

61, 732
3,993
11,073
21, 080
20 470
5,116

97, 594
5,940
27, 874
33, 097
22 556
8,127

80, 604
12, 715
14 417
23,011
23 080
7,381

81, 508
16 644
17 877
16, 104
20 894
9,989

84, 463
7 309
16 683
28, 887
90 493
9 091

78, 971
3 579
28 104
18, 878
90 199
8 211

81, 520
4 128
11 231
26. Ill
28 688
11 362

88, 083
6 941
14 943
23,160
30 646
12 393

126, 622
13 9344
20 83
26, 579
51 185
15 231

86, 114

123
255
269
731
167
80,471
6 798

54.8

59.6

65.2

63.3

62.0

63.4

61.1

64. 2

62.9

Commercial service
Construction,. __
Manufacturing and mining
Retail trade ._
Wholesale trade.- _ _ _ - _ _ _
Liabilities (current), total
Cornmercial service
Construction^, _
__
Manufacturing and mining
Retail trade
Wholesale trade

Failure annual rate (seas. adj.). No. per 10,000 concerns.
r

57.2

4,730

4,725

4,740

4 755

7 HQ3
iq 1 97

23, 215

1Q 1 fi9

18, 944

00

OOO

OO, O/O

8 762
26, 590

94 77R

10 117

10 791

8 784

60.8

64.3

60.7

Revised.
' Advance estimate
9 Includes data not shown separately.
0 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable goods industries are zero
IFor thes^
industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber) sales are considered equal to new orders.
§Data for 1956 appear on p. 13 of the May 1960 SURVEY- those for
1957 forward, on p. 5 of the .June 1961 SURVEY.
'
'
cf Data are from Dun & Bradstreet, Inc.
{Effective with the July 1961 SURVEY, the figures shown cover 50 States, including data for both Alaska and Hawaii.




SURVEY OF CURRENT BUSINESS

S-6
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1061

1960

June

July

August

1961

Septem- October Novem- December
ber
ber

January

February

March

April

May

June

July

COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS

235

236

234

238

241

241

242

241

244

243

239

236

234

237

221
220
250
158
199

222
225
265
156
194

219
196
273
152
196

922
192
279
152
197

222
212
267
147
200

219
219
254
136
204

217
220
243
141
204

218
212
233
146
207

221
210
227
150
209

224
217
240
150
208

226
22S
249
145
202

230
233
250
151
203

231
253
261
152
200

232
261
265
156
201

do
do
do
do_ -

238
216
209
494

235
213
219
491

240
211
195
488

270
208
181
530

273
209
165
513

262
213
181
517

248
237
181
517

254
231
178
508

260
250
172
517

260
264
161
516

250
286
178
516

261
285
176
517

260
261
177
516

241
261
189
516

Livestock and products
_
-do
Dairy products
do
Meat animals
- do
Poultry and eggs
__
_
do_
Wool
do
Prices paid:
All commodities and services
do
Family living items
_
_do _
Production items
--do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14 = 100

248
235
303
149

247

25 1
269
285
163

248

249
244
300
149
240

257
277
286
176
222

260
282
288
182
219

263
278
298
178
226

261
271
304
165
221

263
263
309
169
224

259
256
309
160
226

251
247
305
145
231

241
241
292
139
239

236
240
286
131
238

241
248
288
138
232

275
290
265

'274
290
263

274
290
262

274
290
263

274
290
262

274
291
262

275
291
265

276
291
267

291
267

290
269

277
290
2f>7

291
266

290
' 265

275
290
264

299

298

298

298

297

297

298

301

302

302

302

302

300

300

79

79

79

80

83

81

81

80

81

80

79

78

78

79

Prices received, all farm products!

1910-14 = 100—

Crops
Commercial vegetables
Cot-ton
Feed grains and hay
Food grains

_

Fruit
Oil-bearing crops
Potatoes (incl dry edible beans)
Tobacco
-

Parity ratio §-

_

_ _

_
-

__

do
do
do
do
-do

__do_ _

CONSUMER PRICES
(U.S. Department of Labor indexes)
All items
1947-49=100
Special group indexes:
All items less food
do
All items less shelter
do
All commodities
__
do
Nondurables
do
Durables
do
Services
do
Apparel
Food 9
Dairy products
Fruits and vegetables
Meats, poultry, and
Housing- ^
Gas and electricity
TTousefurnishmgs
Rent
Medical care
_
Personal care

_
fish

_

290
154
230

'

126.5

126.6

126. 6

126.8

127.3

127.4

127.5

127. 4

127. 5

127.5

127.5

127.4

129.7
124.0
117.6
119.8
111.5
149.7

129. 9
124.2
117.7
120.0
111.1
150.0

130.1
324.1
117.6
119.9
111.0
1 50. 3

130. 3
124. 3
117.7
120.3
110.0
150. 8

130.7
124.8
118.2
120.7
110.9
151. 2

130 8
125. 0
118.3
120. 9
110.7
151.3

130.8
125.0
118.4
123.0
130.8
151.4

130. 6
124.8
118.0
120.7
130.2
151. 7

130.8
125.0
118.1
120.8
110.3
151.9

130.9
125.0
118.0
120. 7
109.9
152.2

130.8
125 0
137.9
120. 4
110.7
152.3

131. 0
124. 9
117.7
110.8
152.5

131.2
125.2
138.0
120. 4
111 2
152. 7

do
do
do
do
do

108.9
120. 3
115.0
136. 1
110.3

109. 1
120.6
1 1 5. 8
134.4
110.8

109.3
120.1
1 1 6. 6
127.3
111.3

110.6
120.2
117.5
124.6
1 10. 2

111.0
120. 9
118.4
124.8
110.0

110.7
121.1
118.9
126. 2
109. 9

130.6
121.4
119.3
126.3
110.5

109.4
121. 3
139.1
126. 1
111.6

109.6
121.4
119.0
127.2
111.8

109. 8

109. 5
121.2
117.9
131. 4
110.5

109 6
120.7
137. 5
13° 2
108. 7

137.3
135 4
107. 4

do
do
do
do
do
do

131. 3
124.7
104. 3
141. 6
156. 1
133.2

131.3
124.8
304.1
141.8
1 56. 4
133.4

131.5
124.9

132. 0
125. 7

132.2
125.7
104. 0
142. 5
157.3
134. 0

132. 1
125. 7
104.0
142.7
157.9
133.9

132.3
125.6

132.4
1 25. 9
1 03. 7
1 43. 1
1 59. 4
133.8

132. 5
125. 9

142.8
158.0
133. 7

132. 3
125.9
303. 6
142. 9
1 58. 5
133. 7

132. 3
125.8
103. 8
143.3
159.9
133.8

132.2
126. 2
103.5

do
do
do
do
do

121. 1
145.8
134. 1
198. 3
132.0

122. 5
146. 5
134. 4
202. 9
132.7

122. 3
146.5
331.5
202. 9
132.7

122. 2
146. 2
134.0
205. 5
132. 6

122. 7
146.2
133.9
205. 7
132. 6

123. 4
145.7

'119.9

' 120. 0

303.5

303.9

141.9
156. 7
1 33. 8

142! 1
1 56. 9
133. 9
122. 1
144. 7

332.2

121.9
146.2
134.4
199. 3
132. 4

200. 3
132. 7

121.9
146. 1
134.1
201.2
132.7

119. 5

119. 7

119,2

119.2

119.6

119.6

119. 5

95. 3
127. 0
121. 1

94.8
127.0
121.8

92. 7

92. 9
126.8
121.5

93. 3
126.6
122.4

93. 0
126. 5
122. 7

93. 3
12(5. 4
122. 2

105. 2
145. 8

105. 6
145. 6

304.9
145.5

105.3
3 44. 5

305.8

105. 8
145.0

105. 6
145. 0

do
do
do
do

89. 0
109. 7

88.9
112.9

8S. 7
99. 5

84. 1

87.7
104.7
74. 9
79. 0

89. 9

85. 1

86. 6
98. 7
74.3
80. 7

Foods, processed Q
do
Cereal and bakery products
do
Dairv products and ice cream
do
Fruits and vegetables, canned and frozen _ _ _ d o

107. < >
121 2
116.0
106. 9
98 1

108. 9
122. 5
117.3
107.3
99 5

107.8

108. 1

118.0
106. 6
96. 8

Commodities other than farm prod, and foods__do

128. 2

128.2

128.2

110. 2
124. 6
' 94.3
47. 9
108. 8
128.3

110. 4
124.7
95. 1
47.8
110.4
128.4

310.5

112.3
119.5
101. 8
112.2
3
116. 0

113.8
120. 3
102. 0
114.4
117.9

Read in tr and recreation
Transportation
Private
Public©
Other goods and services

_

WHOLESALE PRICEScf 1
(U.8. Department of Labor indexes)
All commodities
1947-49=100
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc
do
Finished goodsO .
do
By durability of product:
Nondurable <roods_
_ _ .do
Durable noods . __
_
do
Farm products 9 Fruits and vegetables fre q h and dried
drains
Livestock and live poultry

Chemicals and allied products 9--- _ —
Chemicals, industrial
Drugs and Pharmaceuticals .
_
Fats and oils, inedible
Fertilizer materials
Prepared paint
_

do
do
do_ do
do
do

Fuel and related prod., and power 9 .
do
Coal
do
Electric power
January 1958=100—
Gas fuels
_ _ _
do
Petroleum products, refined
1947-49=100--

321.6

345.9
134.2
198. 9

332.8

323.2
138.5
127. 8
111.4

303.9
143. 1
159.6

333.6

1

320.2

127. 6

109.6

320.9

160.4
133. 8

132. 4
126. 3
103. 9
143. 5
360. 9
133. 9

343.4

323.9

323.5

205. 7
132.6

124.1
145.8
133. 4
206. 5
132.6

146.6
134. 2
206. 5
133. 3

207 3
133. 1

'119.9

'119.4

'118.7

333.4

147. 7

335.3

'

12(1.8
321.5

144. 9
109'. 2
73. 5
80. 7

307.5
70.3
81.8

82. S

109.0
123. 1
121.3
108. 8
97. 8

109. 3
123.1
321.7
109. 4
96. 6

109.2
323. 5
122.0
110. 1
97. 3

127. 9

128.0

127. 9

95. 4
48. 9
108. 2
128.4

110.4
124. 5
95. 0
47.7
108.3
128.4

110.3
123. 6
94.4
47.8
111.2
128. 4

110.3
123. 5
94. 1
48.9
111.9
128.4

1 1 5. 3
123.3
102.1
116.6
120.0

116.1
122. 4
102. 1
121.3
120.7

116. 2
122.5
102. 1
120. 9
121.0

116. 1
123. ()
102.4
120. 2
120. 6

322.0

324.6

322.4
1 20. 5

307.7
96. 0

:::::::::
89. 7
' 1 03. 7
r

84! 7

r

109.9
1 23. 5
' 3 21 . 3
' 111.8
98. 3

' 90. 0
r 99. 8
r

r

r

76. 0
' 85. 3

1 3 0. 5
123.6
'139. 8
' r112.0
99. 5

89. 9

305.9
' 76. 4
r
83.1

1 09. 6
123.6
120. 5
M31.5
r
96. 1
r

' 88. 5
' 1 00. 2 '103.4
r
' 73.8
74. 8
' 82. 0 ' 78. 2

103. 4
74.2
75. 4

' 1 08. 7 ' 307. 5
123. 6
123. 6
' 119.6
' 119.2
' 111.1
' 109. 0
r
' 94. 3
91 . 8

1 Ofi. 7
123.7
3 1 9. 4
10S. 7
89. 9

127.9

' 128. 1

'128.1

' 128.2

' 128.0

110.2
' 123. 6
92. 8
48. 5
111.9
130. 3

'109.7

' 110.0

'110.1
'123.2

'110.2

'117.7

117.5
122. 8
102.4
' 121.8
121.5

' 119.6
102. 5

r

116.2
123. 1
102. 3
120. 0
120. 8

118. 2

M27.fi

' 1 09. 9
' 123. 0 '123.2
' 123. 2 r 122. 8
' 92. 7 ' 92. 7 ' 92. 6 ' 92. 6 ' 92. 4
r
' 50. 2 ' 54. 7 ' 57. 7 ' 62. 1
61 . 4
'112.4
'112.4
'112.3 ' 112.3 Ml 2. 3
' 132. 4 '132.4
'131.7
' 132. 4
' 1 32. 4

'2117.2
' 123. 4
102.3
121.1
121.1

' 123. 4
102. 2
122. 3
121.9

'.115.2
'118.3
117.9

113.6
r

117.4

102. 4
' 118.7
115. 0

127.4
109.3
122. 2
92.4
53.8
1 3 2. 3
132.4

114.3
117.7
102.3
115.5
117.0

123. 0
122.9
123. 1
122.8
Furniture, other household durables 9
do
122.6
122.7
122.2
122.2
122.6
'122.3
122. 5
' 122. 4 122. 4
1.01. 7
101.7
100. 6
100. 9
Appliances, household
do
101. 1
100. 9
' 100. 2 ' 100. 2 ' 100. 0
100. 4
' 100. 0
'99.9
99.9
124 9
125 0
125. 0
Furniture household
do
125. 0
125.7
125. 6
125. 7
' 126. 1
' 126. 2 ' 126. 2 ' 126. 3 ' 126. 4 1 26. 4
87.1
86.1
87.1
86. 1
Radio receivers and phonographs
do
84.2
84.2
85.3
'84.7
'84.7
'84.7
'84.5
'84.4
84.3
69.0
68.9
69.0
68.9
68.9
Television receivers
_
do
68.9
69.3
'69.3
' 68.7
'69.1
'69.1
68.3
'67.8
2
3
' Revised.
i Index based on 1935-39=100 is 213.3.
Formerly titled fuel, pov -er, and li ;hting ma terials.
Petrole um and p roducts in dex, publ ished thro ugh Dece mber 1960 , has been
discontinued.
{Revised beginning January 1958 to incorporate price revisions for i adividual commodi ties: re vis ons for Je nuary 1958-March 1960 will I>e shown ater (revi sions for 1 952-57 appear on p. 24 of the November 1959 SURVEY).
§ Ratio of prices received to prices paid (inc uding int erest, tax(js, and w ige rates) .
9 Inc udes datei not sho vvn separt tely.
3) Revised
beginning January 1958; revisions prior to December 1959 will be shown later,
cf For actual wholesale prices of individual commodities, see respective commodi ties.
11 Revised beginning January 1961 to in corporate new wei ghting st ructure b ased on rlet selling
of commodities in 1958; comparability with earlier data is unaffected.
©Go ods to use rs, incluc ing raw ft)ods and f uels.
Digitized for value
FRASER



SURVEY OF CURRENT BUSINESS

August 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-7
1961

1960
June

July

August

Septem- October Novem- December
ber
ber

January

February

March

May

April

June

July

COMMODITY PRICES—Continued
WHOLESALE PRICEScf 1— Continued
U.S. Department of Labor indexes— Con.
Commodities other than farm, etc.— Con.
Hides, skins, and leather products $.1947-49=100..
Footwear
__do
Hides and skins
do
Leather
do
Lumber and wood products
do
Lumber
do

110.3
132. 5
67.1
103.0
122.4
123.1

110. 1
132.5
68.0
102.2
121.5
121.6

108.7
132.5
63.6
98.9
119.6
119.2

108.1
132.5
62.3
97.5
118 7
117.9

108. 5
132.5
64.1
98.1
117 7
116.3

108.5
132. 5
65.8
97.1
116.9
115.1

108.8
132.5
64.9
99.4
116 5
115.0

108.3 ' 108. 0 ' 109. 5 ' 109. 9 ' 110. 7
132.7
' 132. 7
132.7
' 132. 7
132.8
'71.0
'60.5
'68.8 r '68.0
'61.7
'97.8 r '97.3 'r 100. 2 r 102. 2 'r 104. 1
114.7
115 4
117 6
115.7
118 0
' 114. 5 r 113. 5 ' 114. 4 r 116. 5 '117.0

110.3
132 8
68.1
104.1
117 8
117.0
153
148
178
152
140

Machinery and motive products 9
Agricultural machinery and equip
Construction machinery and equip§
Electrical machinery and equipment
Motor vehicles

do
do_
do
do
do

153. 2
145.9
175. 3
153.3
141.6

153.3
146.0
175.5
153.5
141.6

153. 3
146.1
176.7
153.3
141.6

151.4
146.2
176.7
152.7
135.4

152.9
146 7
176.7
152 6
140.3

153.0
148 2
177.3
152 4
140.5

153.1
148 0
177.0
152 4
140.7

r
r
r
153. 1 ' 153. 1
153. 5 T 153. 4
153. 4
r
' 148 4 r 148. 5 r 148. 5
148 6
148 6
r
r
177.6
'
178.
2
'
178.
2
178. 6
178.5
r
r
r
r
153.
6
153.
5
'
152
5
152 2
153.
7
r
140. 8 r 140. 4
140.2
140.3
140.3

Metals and metal products 9
Heating equipment
_
Iron and steel
Nonferrous metals
-

do
do
do
do

153.8
120.0
169.9
138.9

153.4
118.7
169.5
138.6

153.6
118.8
169.9
138.7

153.5
119.3
169.7
138. 4

152 8
119.3
168 9
137.1

152.3
118.4
168 5
135.5

152 2
116.8
168 6
133 9

r
r
r
r

Nonmetallic mineral products 9
Clay products
Concrete products
Gypsum products

do
do
do
do

137.8
161.7
131.3
133.2

137.8
161.8
131.3
133.2

137.8
162.0
131.1
133.2

138.0
162.1
131.0
133.2

138.1
162 2
131.0
133.2

137.9
162.3
131.0
133.2

137.9 ' * 138. 5
138. 4
162 3 r 162 1
162 1
131. 1 'r 131.2
131.0
133.2
134. 6
' 134. 6

Pulp, paper, and allied products
Paper
Rubber an^f products
Tires and tubes

do
do
do
do

133. 5
145.9
146.7
137.0

133.5
145.9
146.9
141.3

133. 0
145. 2
145.3
141.3

133.0
145.4
144.9
141.3

133.4
145 7
144.7
141 3

133.1
145.7
143.6
141.3

132.3
145 7
141.2
137 1

Textile products and apparel 9
Apparel
Cotton products
Silk products
Manmade fiber textile products
Wool products

do
do
do
do_ _
do
do

96.3
100.8
94.8
121. 6
79.6
102.1

96.3
101.0
94.7
123.3
79.6
101.8

96.1
101.0
94.3
126. 8
78.9
101.5

95.9
101.1
93.4
128.4
78.6
101.2

95.8
101.1
92.8
128.5
78 5
101.1

95.4
101.0
91.7
125.9
78.2
101.3

95 2
101 0
91.2
125 7
77 8
100.8

94 8
r
100 5
r
90.8
r
130 9
r 77 3
r
100 1

'94.7
r
100 5
r
90.2
129 3
T
77 2
'99 9

131.7
120. 6
134.8
90.9
118. 3

131.8
120.6
134.8
90.8
118.6

132.0
121.1
134.8
89.9
118.5

132.0
121.1
134.8
91.1
118.6

132.0
121.1
134 8
90.3
118 6

132. 0
121.1
134.8
90.6
118.6

132.1
121.2
134 8
92.4
118.6

132.1
121 2
134 8
95 6
r
118 4

132 1
121 3
134 8
r 95 2

83.7
79.1

83.5
79.0

83.9
79.0

83.9
78.9

83.6
78.6

83.6
78.5

83.7
78.4

Tobacco prod, and bottled beverages 9
Beverages, alcoholic
_
Cigarettes
Miscellaneous
_
Toys sporting goods

do
do
do
__do
do

152 2
114. 9
169 4
132. 1

r

152 3
'r 114.8
169 7
r
132. 2

T
r
r

r
r
152 4
153 0
152 7
114. 5 ' 115 2 ' 115 4
r
170 4
170 8 r 170 2
' 132. 3 ' 132 4 134 4

153 1
115 4
170 3
134 9

r

r
r

138 5
161 5
' 131.3
' 134 6

138 5
161 6
131 3
134 6

131 0
' 126 1
r 145 4
145 4
140 1 r 140 2

126 5
145 9
139 6
138 4

r

138. 6
162 1
131.1
134 6

r

132. 2 ' 131.5
' 132. 2
145 7
145 7
145 7
' 139.7 ' 139. 6 ' 139. 9
137 2
137 1
137 1
r

r

r Jig 3

2
8
2
3
7

' 94 4
r 100 4

'90 2
129 5

r

T
r
r
r

138 6
162 1
131.3
134 6

r 138 4
r

'94 0

r 100 4

r 100 3

' 89 9
129 5
r 75 8

'99 5

r 100 1

132
121
134
r 96

' 132 0

1
3
8
8

r 138 4

94 1

93 7
100 4
89 5
130 8
75 i
101 1

89 9
131 5
r 75 4
r 100 9

134 8
r 97 7

132 1
121 2
134 8
r 99 5

r llg 9

r H9 0

r H8 9

2 r 83 4

83 8
78 4

2 r 84 2

r 121 1

132 1
121 2
134 8
95 9
118 9

PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices

1947-49= 100.. _
do

2r

83 4
78 5

' 83 3
78 4

78 4

2 84 6
2 78 4

78 5

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACEf
New construction (unadjusted), totalf
Private, total 9

.

mil. of dol__
do

Residential (nonfarm) 9
do
New housing units
do
Additions and alterations
do
Nonresidential buildings, except farm and public
utilitv, total 9
mil. of dol
Industrial,
do_ __
Commercial
do
Farm construction
do
Public utilitv
_ _
do
Public, total
Nonresidential buildings..
Militarv facilities
Highway
Other types

Nonresidential buildings
Military facilities
Highway

' 5, 205 ' 5, 168

' 5, 016 ' 4, 771 ' 4, 482

' 3, 887

' 3, 684

'3,979

' 5, 362

5,433

r

' 3, 556 ' 3, 524 '3 463 '3 395 r 3 170

r 2 793

r 2 645

' 2 842 ' 3 147 ' 3 492 ' 3 732

3 732

do

do
do
do
do

3, 657

3, 587

' 2 195 '2 093
1,476
1,526
''641
'487

' 2 031
1,524
'426

^872
'230
'363
' 123
'473

'884
'237
'360
' 126

'844

224

'r 356
117
'477

do_ _

Residential (nonfarm)
do
Nonresidential buildings, except farm and public
utilitv, total 9
mil. of do]
Industrial
do
Commercial
do
Farm construction
do
Public utility
do
Public, total 9 —

' 5, 168

r

' 1, 501

_ do
do
do
do

New construction (seas, adj., annual rates) , totalf-do
Private, total 9

' 5, 158

r

r

1, 581

'464
' 116
'601
' 400

'426
135

' 552
'388

489

' 1 972 ' 1 897
1 492
1 443
'372
'398

'904
'247
'369
' 121
'501

' 1, 649 ' 1, 644

'448
' 141
' 645
' 415

' 450
' 132
' 644
' 418

'929
'255
'386
' 111
'499

r 1 840

r 1 g98

1 392
' 361

1 267
' 340

'946
'261
' 402
' 103
'479

r 925
'264
' 387
' 87
' 437

' 1 449 ' 1 322 ' 1 483 ' 1 772 ' 2 023 r 2 180
' 1 051 ' 939 ' 1 056 ' 1 173 ' l' 256 ' l' 401
' 337
' 292
' 307
' 680
' 669
' 506
' 886
' 265
' 362
' 77
' 358

' 1, 553 ' 1 376 ' 1 312 1 094

'448
' 148
' 558
' 399

408
' 156
T 4^0
' 369

' 391
' 192
' 470
' 329

' 4, 409 '4,903

389
88
291
326

'858
' 259
' 352
' 81
' 363

' 831
' 246
' 345
r 100
' 406

' 809

r 842

r 234

' 226

1 039

1 137

' 1 262

356
109
967
307

403
119
344

r 337
'116
' 428

433
118
' 338
070

' 896
' 219
' 401
' 4160
' 73

r 353

' 136
' 467
r 1 411

r 1 g30

2 122
l' 514

508

929
216
419
173
486
1 701

' 440
' 127
' 43'5

' 467
' 132
' 600

478
139
655

r 4DQ

r A.'!!

4 9Q

' 55, 514 ' 55, 750 ' 55, 837 ' 55, 599 ' 55, 552 ' 56, 079 ' 56, 650 ' 56, 018 ' 55, 717 ' 55, 794 ' 55, 883 ' 55, 892 ' 57, 771 58, 683
' 39, 765 ' 39, 487

' 39, 474

r

' 22 448 ' 22 102 ' 21 834 ' 22 016 ' 21 916 ' 20 649 ' 20 016 ' 20 508 ' 21 421 ' 21 631r

22, 870
' 9, 921
'r 2, 796
3, 995
' 1, 297
r
5, 413

'22 748
'
'
'
'
'

' 39, 316

' 39, 200

' 39, 624 ' 39, 639

' 38, 575 ' 37, 962 ' 38, 511 ' 39, 365 ' 39, 606 ' 40, 670 41, 165

' 15, 749 ' 16 263 ' 16 363 ' 16 283 ' 16 352 ' 16 455 ' 17 Oil ' 17 443 r 17 755 ' 17 283 ' 16 518 r
r
T

99 TOP;

9, 938 ' 10 061 ' 10 226 ' 10 418 ' 10 562 ' 10 751 ' 11 193' 11 100' 10 960 ' 10 803 ' 10 628 ' 10 546
2, 839 ' 2, 880 ' 2, 958 ' 3, 010 ' 3, 025 ' 3] 025 ' 3, 053 '2,992 '2,957
' 2, 921 ' 2, 849 ' 2, 750
3, 976
' 4, 033 ' 4, 134
' 4, 262 ' 4, 378 ' 4, 519 ' 4, 848 ' 4, 821 ' 4, 743 ' 4, 636 ' 4, 515 ' 4, 510
1, 277 '1,272
' 1, 289 ' 1, 288 ' 1, 298 '1,242
' 1, 126
' 1, 157 ' 1, 334 ' 1, 508 '1,686
' 1, 895
5 252 ' 5 410 ' 5 418 ' 5 361 ' 5 452 ' 5 458 ' 5 308 r 5 384 ' 5 398 ' 5 323 r X 3Sf-{ r P; °,89

4, 774 ' 5, 131 ' 4, 896 '4,959
' 4, 995 ' 5, 055 ',5,072
' 5, 094 ' 5, 157
1 375 ' 1 340 ' 1 444 ' 1 340 ' 1 490 ' 1 678 ' 1 531 ' 1 284 r 1 Q49
' 5, 340 ' 5! 524 ' 5. 724 ' 5. 602 ' 5. 427 ' 5. 243 ' 5. 958
5 934
fi 470

1 P> 98ri

' 5, 221 ' 5, 222 ' 5, 186

r 1 7 1 01

oq non
10 578

2,672
4,578
1,874
5 0QQ
17 M 8

' 5, 221

5,279

r K en/i

* ocu

r 1 7fi4

K

fifi9

r K OfiO

r A QS2

' Revised.
1 Formerly titled nonmetallic minerals, structural.
2 indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 44.3 (June), 44 1 (May revised) 43 6
(March, revised), 43.6 (January, revised); consumer prices, 46.9 (June).
c?See corresponding note on p. S-6.
^See corresponding note on p. S-6.
9 Includes data not shown separately.
§Revised beginning with data for September 1955; unpublished revisions (prior to November 1958) will be shown later.
•111 Re vised series. Data (from Bureau of the Census} reflect the new definition and higher level of housing starts and include construction in Alaska and Hawaii; revisions prior to June 1960
will be shown later.




SURVEY OF CURRENT BUSINESS

S-8
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1999 edition of
BUSINESS STATISTICS

August 1961

1960
June

July

1961

DecemOctober NovemAugust September
ber
ber

January

February

March

April

May

June

July

CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F.W. Dodge Corp.) :
Valuation, total...
mil. of dol__

3,472

3,597

3,295

3,119

3,319

2,886

2,718

2,485

2,235

3,166

3,298

3,501

3,602

do
-do

1,237
2,236

1,413
2,184

1,018
2,277

995
2,124

1,125
2,194

1,071
1,815

1,218
1,500

838
1,647

732
1,504

1,090
2,075

1,170
2,128

1,127
2,374

1,235
2,367

-do
do
_do_
do

1,110
1,483
693
186

1,152
1,329
794
321

1,177
1,433
520
165

1,124
1,277
544
173

1,165
1,390
647
117

916
1,253
566
152

994
878
735
110

813
974
400
298

804
870
394
167

1,027
1,371
625
142

1,050
1,454
639
154

1,105
1,553
623
219

1,221
1,558
632
191

do. __

2,885

2,005

1,859

2,232

1,796

1,775

1,875

1,661

1,360

1,912

1,817

1,789

' 2, 392

Highway concrete pavement contract awards :c?
Total
thous. of sq. yd..
Airports
do
Roads
do
Streets and alleys
do

11,069
1,284
5,784
4,000

10,637
1, 526
5,230
3,881

11, 216
684
6,366
4,166

7,446
405
3,829
3,212

8,541
635
4,461
3,445

11, 208
207
7,045
3,957

12, 101
361
9,012
2,727

i 23, 743
i 2, 163
i 16, 099
15,480

10, 522
202
7,232
3,088

10, 482
110
5,994
4,378

••128.2
'101.9
' 122. 8

' 118. 3 ' 135. 1 ' 102. 6
'93.1 ' 107. 0 '80.3
'96.9
'114.3 ' 130. 3

' 113. 2
'86.7
'110.4

'94.5
'70.4
'92.8

'70.9
'48.0
'64.2

72.5
'51.8
'69.8

'81.0
'56.5
75.8

'109.7 ' 115. 3 ' 130. 6
98.9
'80.1
'85.4
' 104. 6 '111.0 ' 127. 0

136.9

do
do
do

' 126. 6 '116.6 ' 133. 0 '100.6
'68.3
'84.2
'84.4
'82.5
'94.9
'121.2 ' 112. 6 ' 128. 2

' 110. 1
'78.0
' 107. 3

'93.5
'66.1
'91.8

'70.4
'49.8
'63.7

71.0
'81.1
'68.3

'77.7
55.7
72.5

' 107. 3 '113.0 '128.2
'88.9
'79.1
'79.7
' 102. 2 ' 108. 7 ' 124. 6

134.2
94.1
128.7

do

1, 279. 0
1, 264. 0

1, 227. 0
1, 209. 0

1947-49=100..

144

'144

1913—100
do
do
do
do

720
789
778
674
696

Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Public works
Utilities
Engineering construction:
Contract awards (ENR)§

HOUSING STARTSf
New housing units started: f
Unadjusted:
Total, incl. farm (public and private) ..thousands. _
One- family structures
do
Privately owned
do
Total nonfarm (public and private)
In metropolitan areas
Privately owned
Seasonally adjusted at annual rates:
Total incl farm (private only)

1, 089. 0
1, 067. 0

1, 273. 0
1, 237. 0

1, 220. 0
1, 206. 0

'996.0
'987.0

' 144

144

144

144

'143

'143

722
789
778
671
704

723
789
779
671
704

727
803
787
679
704

728
803
795
681
706

730
806
795
690
710

731
806
796
691
710

535

537

538

537

538

538

314.6
303.2
299.1

314.7
302.7
298.5

314.6
302.4
297.9

315.1
302.7
297.9

315.0
302.5
297.2

327.1
322.2
299.8
296. 0
303.2

327.7
321.3
299.2
295.6
301.3

327.6
320.8
298.8
294.7
300.5

328.2
321.1
298.9
294.4
300.8

300.5
289.8

300.0
289.2

299.5
288.5

166. 4
183.1

166.3
183.3

166.4
183.4

1, 355. 0
1, 335. 0

131.4

1, 296. 0
1, 262. 0

1, 166. 0
1, 143. 0

1, 295. 0
1, 272. 0

1, 374. 0
1, 347. 0

144

144

145

'146

145

732
806
808
691
710

733
806
808
695
710

733
807
808
696
713

735
808
808
696
713

737
808
808
696
721

740
809
810
704
721

538

539

536

538

538

542

547

315.0
302.4
297.0

315.1
302.4
296.8

315.6
302.5
296.4

315.7
302.5
296.4

315.9
302.7
296.4

316.2
302. 9
296.6

320.1
305.0
298.7

321. 6
306.4
299.7

328.1
321.0
298.5
293. 5
300.8

328.1
320.8
298.4
293.3
300.4

328.2
320.8
298.2
293.0
300.3

329.0
320.8
298.2
292.2
300.1

329.1
320.9
298.2
292.3
300.1

329.1
320.8
298.1
292.0
300.1

329.5
321.2
298.1
292.4
300.4

334.6
324.0
300.8
294.5
300.5

335.9
325.2
301.9
295.3
301.5

299.6
288.3

298.9
287.5

298.7
287.3

298.5
287.1

298.2
286.5

298.2
286.5

298.2
286.4

298.4
286.7

300.9
288.4

301.9
289.3

166.0
183.1

165.9
183.2

166.1
183.3

166.5
184.2

166.5
184.2

166.5
184.1

167.1
184.9

168.3
187.0

168.6
187.7

169.1
188.4

1, 127. 0 1, 169. 0
1, 098. 0 1,115.0

CONSTRUCTION COST INDEXES
Department of Commerce composite J
American Appraisal Co., The:
Average 30 cities
Atlanta
New York
San Francisco
St L/ouis

Associated General Contractors (building only). .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:©
Building
1947-49=100__
Construction.
__ _ do
Bu. of Public Roads— Highway construction:

136. 6

133.7

135.0

145

547

134.5

133 4

CONSTRUCTION MATERIALS
Seasonally adjusted Q ©
Lumber and wood products unadj ©
Portland cement unadj

do

147.8
138.5

129.8
134.7

148.4
134.7

139.5
133.7

131.6
116.4

116.9
122.4

102.8
120.5

104.7
111.8

100.1
113.4

125.4
130.1

129.2
126.9

do
do

149.6
141.2
191.0

130.8
118.5
191.3

142.0
145.5
199.0

133.8
136.5
186.2

126.0
129.9
188.1

111.6
117.6
158.0

95.3
104.9
122.7

100.8
112. 5
100.2

94.7
109.9
90.0

121.0
128.5
130.7

132.5
'128.4
158.3

144.1
186.1

364, 909
174, 557

362, 163
160, 340

416, 954
180, 818

425, 124
169, 070

433, 655
162, 077

403, 684
150,404

390, 257
141,867

410, 350
131, 648

340, 975
107, 754

347, 557
124, 837

317, 678
108, 649

348, 989
123, 394

385, 859
137, 271

1,770

1,674

1,696

1,736

1,735

1,741

1,981

1,571

1,496

1,477

1,576

1,624

1,869

1,397

1,268

1,413

1,316

1,250

1,140

1,150

969

1,001

1,356

1,309

1,511

1,738

471
598
328

408
569
291

430
651
332

402
591
323

394
545
311

332
508
300

367
460
323

285
400
285

288
395
318

427
515
414

417
504
388

460
603
447

531
714
492

2,690
4,514

2,528
4,289

2,784
4,347

2,598
4,814

2,525
4,512

2,378
4,740

2,338
4,973

2,075
5,523

1,997
5,096

2,444
6,272

2,358

2,700

82, 829

82, 998

90,037

81, 845

92, 730

84,340

101, 903

117,252

116,606

109, 222

95, 486

103, 348

REAL ESTATE
Home mortgages insured or guaranteed by—
Fed. Hous. Adm.: Face amount
thous. of dol.
Vet Adm • Face amount
do
Federal Home Loan Banks, outstanding advances to
member institutions
mil. of dol.
New mortgage loans of all savings and loan associations estimated total J
mil of dol
By purpose of loan:|
Home construction
do
Home purchase
do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and under) ,
estimated total
mil of dol
Nonfarm foreclosures
number
Fire looses

thous of dol

' Revised.
1 For January-March 1961.
§ Data for June, September, and December 1960 and March and June 1961 are for 5 weeks; other months, 4 weeks. Contracts in Alaska and Hawaii are included beginning 1960.
cfData for August and November 1960 are for 5 weeks; other months in 1960, 4 weeks.
t Revised series.
Data (from Bureau of the Census] are based on a different definition of a housing unit and reflect more complete coverage than the old series and inclusion of starts in
Alaska and Hawaii; revisions prior to June i960 will be shown later.
{Revisions for Dept. of Commerce construction cost index (prior to 1958) and for new mortgage loans (1955-November 1959) will be shown later.
^Copyrighted data; see last paragraph
of headnote, p. S-l.
©Data reported at the beginning of each month are shown here for the previous month.
9 In eludes data for items not shown separately.
©Revisions for 1955-56
for the composite index of construction materials output and for lumber and wood products are in the September 1959 SURVEY (p. 20); revisions for 1957-March 1960 will be shown later.




SURVEY OF CURRENT BUSINESS

August 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-9

1960

June

July

1961

August SeptemOctober November
ber

December

January

February

March

April

May

June

July

DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index
1947-49=100.Business papers
do
Magazines
- do...

243
242
193

247
250
195

236
259
179

235
251
181

246
247
208

234
244
175 ,

235
235
181

234
227
194

229
225
186

236
221
187

229
234
177

236
241
182

do
do
do__ _
.1950-52=100--

220
171
27
492

203
166
28
547

198
169
25
502

205
164
22
492

203
170
21
507

202
166
22
513

209
147
18
500

206
149
18
479

190
140
24
505

212
135
23
520

196
125
23
512

200
126
25
532

Television advertising:
Network:
Gross time costs total
thous. of dol_.
Automotive including accessories
do
Drugs and toiletries
do .._
Foods soft drinks confectionery
do

52, 971
3, 588
16,175
10,043

55, 778
3,796
14, 508
8,786

50, 867
3,174
16, 888
9,575

51,415
4,022
14,791
9,203

63, 350
7,177
17, 365
11,931

63, 982
5,452
16,574
12, 274

60, 685
4, 652
17,990
12,218

61,824
4,919
18,416
13, 367

57, 071
3,701
16, 601
12, 870

63,615
3,944
18, 225
14, 362

59, 794
3,271
15,479
13, 596

5, 768
6, 651
10, 747

4,377
5, 464
18, 848

5,619
6, 254
9,358

6,234
6, 365
10, 800

6, 225
6,148
14, 505

6,070
6,240
17, 372

5,421
7,030
13, 375

6, 506
6,814
11,802

6,736
6,049
11, 114

7,788
6,603
12, 693

7,716
6,467
13, 265

Newspapers
Outdoor
Radio (network)
Television (network)

Soaps cleansers, etc
Smoking materials
All other
Spot (national and regional):
Gross time costs quarterly total.. _ _
Automotive including accessories
Drucs and toiletries
Foods ''oft drinks confectionery

do —
do. .
do _

do_ _ _ U60, 648
6,372
do _
27. 220
do
50, 232
- do

1125, 012
4, 664
22 582
37, 853

U63,060
5,139
32, 472
56, 598

1151,328
3,991
31 060
56, 618

do _ _
do. __
_-do__-

21,569
8, 535
46, 720

17, 407
7, 656
34, 850

16,056
8, 457
44, 338

16, 808
7,547
35, 304

__do _ .
- do
-- do
do
- --do _
do

69, 372
2,779
7,763
3, 515
7,762
9,929

51, 260
742
5,639
2,118
6, 257
7,816

51, 089
5, 265
4,048
1, 905
5,683
7,541

69, 563
8,697
3,215
4, 139
6, 221
8,724

98, 071
6,841
14, 739
3,374
8,828
13, 144

82, 400
5,182
9,697
1,950
7,407
10, 353

64, 714
3, 575
5,341
800
6,440
9,403

48, 883
1,468
6, 825
1,555
3,899
8,032

64, 501
3,126
7. 498
2,073
5, 548
11, 364

77, 026
5, 590
8, 157
2, 767
7,176
11, 554

83, 453
6,543
8,614
4, 290
6,742
11,792

78, 734
5,779
7, 600
3, 585
7,189
10, 830

66, 522
2, 889
5,823
3, 260
7, 099
10, 043

Beer wine liquors
-- -- do _ _
Household equip supplies furnishings
do

3,967
5, 930
5, 238
722
1,981
19, 787

3,344
3,142
3,870
585
2,092
15, 654

2,682
3, 005
3, 531
528
2,082
14, 820

3, 857
5, 524
4, 969
704
1,918
21, 595

5,293
8, 253
6, 355
867
2, 259
28, 119

5, 771
7,322
4, 865
823
2, 517
26, 514

7, 467
4,422
3, 529
351
2,611
20, 775

2,687
2,003
1,897
445
1,676
18, 395

3,336
3,052
2,755
792
2,527
22, 429

4,312
4, 675
3, 590
807
2, 696
25, 701

4, 425
6,722
4, 382
946
2,234
26, 764

4,458
6, 700
4, 716
718
2,189
24, 971

4, 105
4,013
4,235
688
2,729
21,637

thous. of lines

4,002

3, 619

4,457

5,314

5, 914

4,787

4, 060

2

2

10, 288

2

2

Newspaper advertising linage (52 cities), total — do
Classified
do _
Display total
do

250, 556
65,011
185, 545

217,418
63, 504
153,914

224, 124
63, 563
160, 561

240, 074
60, 905
179,169

265 798
63, 434
202, 364

256, 625
55, 626
200, 999

238, 724
48, 260
190, 464

195, 666
53, 552
142,115

188,582
50, 045
138, 537

236, 150
57, 833
178, 318

241,811
60, 353
181,458

249, 311
62, 236
187, 074

236, 522
61, 252
175, 269

18,018
4,796
30, 786
131, 945

12, 124
4, 852
23, 240
113, 697

11,905
3. 408
21, 977
123,271

12, 253
3, 802
28, 782
134, 333

17,012
4, 844
36, 341
144, 166

13,148
4,343
34,119
149, 390

8, 507
4, 610
24, 803
152,545

11,038
6, 722
19,003
105 35°

9,779
4, 067
22, 779
101,913

12, 765
4, 654
29, 046
131,853

13, 137
5, 127
30, 959
132, 235

15, 832
4,599
32, 261
134, 382

13, 848
4, 991
20, 383
126,046

Soops cleansers etc
Smoking materials
All other

-

Magazine advertising:
Cost total
Apparel and accessories
Automotive incl accessories
Building materials
Drills and toiletries
Foods soft drinks confectionery

Soaps cleansers etc
Smoking materials
All other

-

Linage total

Automotive
Financial
General
Retail

do
- do
do

-

-

-

do _
do _
-- do _
do

9, 206

9, 878

2

10, 908

2

8, 951

7, 497

PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:f
Goods and services total
bil. ofdol.

329.9

329. 7

332.3

330.7

336 1

45.3
19.3
19.0

43.4
17.8
18.7

43.8
18.6
18.3

39.4
14 8
17.8

42 0
16 7
18.3

do
do
_ _ _ .do _
do

153. 3
28.3
80.6
11.6

152 7
28.3
79.9
11.6

153 1
27.7
80.8
11.8

153 7
27 9
81.1
11 7

154.1
27 6
81.4
11 7

do
... -do
do
. .-do

131.2
19.5
41.9
10.5

133. 6
19.7
42.7
10.5

135.4
20.0
43.1
10.5

137.5
20 6
43.6
10.5

139. 9
20.9
44 2
10.7

Durable goods total 9
- - -- - -do _
Automobiles and parts
do
Furniture and household equipment
do ._
Nondurable °"0ods total 9
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services, total 9
_
Household operation
TTous iris1
Transportation

_

_ _
- -

RETAIL TRADE

All retail stores:
Estimated sales (unadjusted), totalt

mil. of doL- 18,918

18, 066

6,618
3,736
3,495
241

5,773
3,098
2, 870
228

Furniture and appliance group
do
Furniture, honiefurnishings stores do _ Household-appliance, TV, radio stores__do_ _

915
573
342

Lumber, building, hardware group _ _ do _ _ .
Lumber, building materials dealersd"
do
Hardware stores _ _ _
__ _ do

1,108
852
256

Dtirable goods stores 9
do
Automotive group
___
_ do _.
Motor-vehicle, other automotive dealers.do
Tire, battery, accessory dealers __ _._ do -

18,153
5, 952

17,898

18, 648

18,385

22,153

15,803

15, 071

17, 934

17, 398

-18,532
r

r

18, 978

3^063
218

5,613
2, 864
2, 661
203

6, 013
3,232
3,027
205

5,814
3,174
2, 976
198

6,091
2,998
2,731
267

4, 634
2, 676
2, 526
150

4,479
2, 587
2, 438
149

5, 467
3,190
3,007
183

5,414
3,088
2,890
198

6, 006
'3,413
' 3, 192
'•221

858
539
319

898
580
318

881
561
320

919
600
319

927
606
321

1,123
696
427

723
445
278

682
431
251

776
488
288

768
493
275

844
553
291

'909
573
336

1,036
799
237

1,082
858
224

1,027
800
227

1, 036
812
224

932
723
209

892
601
291

659
493
166

632
475
157

820
625
195

878
666
212

'990
r
755
'235

1, 043
803
240

' 6, 230
' 3, 458
3,213
245

3

17, 902
3
3

5, 603
2, 984

3

881

11,169
10, 592
12, 467
11,984 «• 12, 526 ' 12, 748 3 12, 299
886
775
1,191
1,019
3971
' 1, 105
1,120
187
146
200
181
'205
243
347
315
457
401
'434
414
202
179
302
238
'260
255
150
135
232
199
'206
208
' Revised.
1 Not comparable with data through 1st quarter 1960 due to change in estimating procedures; figures comparable with 1st quarter 1960 are as follows (thous dol ) • 1960—2d quarter, 174,245; 3d quarter, 135,013; 4th quarter, 176,105; 1961—1st quarter, 164,487.
2 Beginning January 1961, data represent ad page volume; comparable figures for 1960—January, 9.743; February, 11,147; March, 11,966; April, 11,378; May, 10,226; June, 8,279.
3 Advance estimate.
f Revised series. Revisions for 1957—March 1960 appear on p. 15 of the July 1961 SURVEY.
9 Includes data not shown separately.
J Beginning January 1960, data were revised to reflect changes (principally in the 11-or-more stores group) in the reporting sample and kind of business
classification based on data from the 1958 Census of Business; the revised figures are not strictly comparable with earlier data which are based on the 1954 Census (revisions for January 1960 will
be shown later).
d* Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
Nondurable goods stores 9
do
Apparel group
_
do _
Men's and boys' wear stores..
. do _.Women's apparel, accessory stores...
do _.
Family and other apparel stores
do
Shoestores__
-do




12,300
1,097
228
406
256
207

12, 293
957
179
370
221
187

12, 201
1,016
177
394
246
199

12, 285
1,142
192
443
274
233

12, 635
1,183
219
467
295
202

12, 571
1,190
229
464
314
183

16,062
1,979
440
749
528
262

SUEVEY OF CURRENT BUSINESS

S-10
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961

1960

June

July

August

1961

Septem- October Novem- December
ber
ber

January

February

March

April

May

July

June

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (unadjusted)— Continued t
Nondurable goods stores— Continued
Drug and proprietary stores
mil. of doL.
Eating and drinking places
do _.
Food group
do
Grocery stores
do
Gasoline service stations
__do .-

603
1,418
4,501
4,037
1,524

607
1,497
4,691
4,220
1,587

613
1,480
4,405
3,948
1,568

608
1,394
4,517
4,073
1,470

627
1,379
4,516
4,060
1,505

608
1,305
4,433
3,970
1,455

818
1,352
5, 087
4, 579
1,511

606
1,229
4,287
3,860
1,381

588
1, 135
4,173
3,747
1,282

627
1,282
4,702
4,233
1,429

607
1,313
4.486
4,036
1,439

-629
- 1, 386
- 4, 574
4,114
- 1, 523

-629
1,441
4,786
4,301
1,573

1625
1,464
4 672
4,198
1.631

1,903
1 116
135
304
385

1,712
970
117
292
420

1,925
1,102
154
314
400

1,941
1,141
149
305
398

2,093
1,241
165
318
404

2,237
1,316

1,456
829
120
222
359

1,417
796
117
239
341

1,921
1,105
163
312
374

1,803
1,052
134
286
375

-1,966
- 1, 143
156
-312
-383

1,997
1, 177
142
315
387

1, 762
1 004

327
421

3, 604
2,104
258
674
637

Estimated sales (seasonally adjusted), totalt-do

18, 466

18,118

18,201

18,104

18, 543

18,398

17,887

17,773

17, 795

18,127

17, 860

-17,995

- 18, 268

Durable goods stores 9
do
Automotive group
do
Motor-vehicle other automotive dealers do
Tire battery accessory dealers
do

5,982
3,341
3,130
211

5,662
3,006
2, 797
209

5,765
3,211
3,016
195

5,779
3,177
2,971
206

6,076
3,405
3,203
202

5,917
3,348
3,150
198

5,488
2,970
2, 757
213

5, 359
2,848
2,651
197

5, 348
2,890
2,687
203

5,547
3,044
2,838
206

5,409
2,919
2,714
205

- 5, 549
- 3, 105
- 2, 900
-205

- 5, 599
3.071
2,859
212

Furniture and appliance group
do
Furniture, homefurnishings stores
do
Household-appliance TV radio stores do

882
560
322

902
576
326

872
557
315

888
570
318

895
580
315

841
541
300

840
541
299

844
528
316

812
509
303

833
515
318

872
547
325

839
537
302

869
556
313

Lumber, building hardware group
Lumber, building materials dealers cf
Hardware stores
.

967
738
229

962
726
236

942
725
217

911
690
221

936
719
217

916
713
203

895
674
221

913
689
224

900
682
218

944
720
224

900
687
213

-877
-673
-204

902
690
212

12, 484
do
1,137
do
220
do
438
do
Til
do
202
_ do _ _ -

12, 456
1,134
208
452
267
207

12, 436
1,180
227
461
279
213

12,325
1,134
215
448
262
209

1 2, 467
1.124
213
450
266
195

12, 481
1,130
211
444
283
192

12,399
1,100
210
425
278
187

12,414
1,144
224
442
281
197

12, 447
1,130
211
441
277
201

12, 580
1,161
224
437
294
206

12, 451
1,076
205
409
265
197

do
do
do
do _ _
do

619
1,359
4,567
4,104
1,461

629
1,351
4,482
4,018
1, 474

628
1,319
4,508
4,048
1,463

632
1,337
4, 456
4,013
1, 465

637
1,344
4,507
4,048
1,481

638
1,346
4,594
4,127
1,464

633
1,358
4,502
4, 062
1,502

615
1,340
4,563
4,115
1,465

629
1,339
4,590
4,122
1,473

634
1,390
4,603
4,128
1,491

628
1,380
4,548
4,085
1,474

-630
- 1, 347
- 4, 624
4,164
- 1, 480

647
1,378
4,637
4,163
1,505

General merchandise group 9
do _ _ _
Department stores, excl. mail-order. . _.do
Mail-order (catalog sales)
do
Variety stores
_
__do
Liquor stores
do

1,986
1,148
150
331
417

2,016
1,186
152
324
416

1,988
1,139
154
338
418

1,985
1,148
152
324
406

2, 033
1,201
160
317
397

1,980
1,131
166
330
418

1,991
1,173
157
311
391

1, 950
1,112
152
329
422

1, 998
1,159
149
331
405

2,039
1,172
168
334
407

2,027
1,192
161
322
420

-1,974
- 1, 132
157
-335
-400

2,072
1,202
160
339
409

do
do
do _

25, 340
12, 180
13, 160

25, 100
11, 990
13, 110

24, 960
11,480
13, 480

25, 020
11,040
13, 980

25, 890
11, 550
14, 340

26, 380
11,800
14, 580

24, 380
11, 420
12, 960

24, 250
11,480
12, 770

24, 690
11,560
13, 130

25, 030
11,500
13, 530

25, 190
11, 490
13,700

- 25, 060
11, 550
- 13, 520

24, 640
11,420
13, 220

..do. _.
do
do
_ do _._
do

25, 320
11,820
5,140
2, 050
2, 310

25, 420
11, 900
5,180
2,090
2,280

25,200
11.650
4,920
2, 190
2,270

25, 340
11,760
5,070
2,060
2,290

25, 360
11,900
5,240
2,030
2,290

25, 420
11,930
5,300
2,040
2,270

25, 440
11,930
5,270
2,000
2,280

25, 160
11,610
4,960
1,960
2,290

24, 900
11, 380
4,770
1,950
2,270

24, 410
10,950
4, 380
1 , 950
2,250

24, 410
10, 900
4,330
1,940
2,240

- 24, 520
10, 990
4,450
-1,960
2,220

24, 580
11,070
4,520
1,960
2,230

do _ .
do
do ._
do

13, 500
2, 740
3,040
4,360

13, 510
2, 750
3,040
4,390

13, 550
2, 780
3,040
4, 420

13, 580
2,790
3,020
4,410

13, 460
2,780
3,000
4,320

13, 490
2,780
2,990
4,370

13, 510
2, 810
3, 050
4,320

13, 550
2,850
3,060
4,290

13,510
2,790
3,090
4, 260

13,460
2,750
3,120
4,280

13, 510
2,780
3,110
4,280

- 13, 530
2,780
3,120
-4,290

13, 520
2,780
3,110
4,300

4,650

4,552

4, 556

4,757

4, 904

4,970

6,800

4,107

4,044

5,047

4,763

- 4, 988

5,205

4,182

4,110

4,094

4,250

4,343

4,387

6,003

3,534

3,472

4,334

4,065

4,263

4,462

289
31
113
89

237
22
96
71

262
21
108
78

299
24
117
96

309
31
125
85

312
34
129
80

511
58
213
123

200
23
76
62

186
18
76

328
29
128
102

263
24
106
83

292
28
119
87

295
32
116
91

do _
do. -.
do

118
97
41

118
101
35

115
100
38

118
95
37

122
96
41

120
91
45

187
91
44

113
84
28

108
80
29

121
92
36

118
93
35

119
96
42

122
98
39

do
do
do ..
do
__.do -do --

1 2*8
770
238
1,753
82
95

1 124
678
225
1. 868
79
89

1 ?66
760
245
1, 691
84
85

1 258
775
234
1,836
80
78

1 361
842
243
1, 786
81
82

1 453
877
253
1,747
70
80

2 391
1,370
523
2, 093
57
108

910
548
164
1.695
48
59

897
534
179
1,669
47
62

1 240
747
241
1,930
57
78

1 183
732
222
1, 782
60
87

1 286
783
245
1 798
68
95

1 320
818
249
1 921
74
109

do

General merchandise group 9
Department stores excl mail-order
Mail-order (catalog sales)
Variety stores
.
Liquor stores

..do_ .
do
do
do .
^do

Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel accessory stores
Family and other apparel stores
Shoe stores
,_
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations

._

Estimated inventories, end of month:
Book value (unadjusted), total
Durable goods stores
Nondurable goods stores
Book value (seas, adj.), 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 4 or more stores :t
Estimated sales (unadjusted), total Firms with 11 or more stores :t
Estimated sales (unadjusted), tota!9
Apparel group 9
Men's and boys' wear stores _
Women's apparel, accessory stores
Shoe stores

do
do
do

__ _ _ d o
.do

.

Drug and proprietary stores
Eating and drinking places _ __ __
Furniture, homefurnishings stores
General merchandise group 9
Department stores, excl. mail-order
Variety stores
Grocery stores
Lumber, building materials dealersd1 _ _
Tire, battery, accessory stores
_

do .
.do
do
do

- 12, 446 - 12, 669
- 1, 103
1,148
230
-216
445
-415
274
-280
-192
199

4,224

4,259

4,248

4,249

4, 264

4, 269

4,245

4,195

4,262

4,348

4 270

4 282

4 371

Apparel group 9 __
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores

do ..
do .do
do- --

289
29
116
84

293
28
116
81

303
31
121
88

297
30
119
87

298
30
122
86

295
29
121
85

279
113
79

289
30
116
88

293
29
120
88

295
29
119
88

274
26
112
81

291
29
114
86

29)
30
117
84

Drug and proprietary stores
_ __ __
Eating and drinking places
Furniture, homefurnishings stores

do- -do
do -

120
94
41

122
94
40

120
93
38

123
93
38

124
94
38

125
94
39

124
91
37

122
90
36

123
90
33

124
94
36

125
95
37

121
95
40

125
95
38

1,292
1,277
1,304
1,280
1,306
1,282
1,295
1,250
General merchandise group 9
do
1,303
1 339
1 329
760
800
768
807
800
770
Department stores, excl. mail-order
do 745
793
793
812
949
264
252
259
248
246
253
237
246
248
Variety stores
do
258
1,800
1,788
1,795
1,790
1.822
1.817
Grocerv stores
do
1,811
1,808
1,808
1 835
1 795
70
70
70
69
71
70
67
67
68
Lumber, building materials dealerscf
...do
67
62
82
83
79
83
82
83
81
84
79
Tire, battery, accessory stores
do
89
90
- Revised. 71 1 Advance estimate.
JSee corresponding note on p. S-9 (total for firms with 4 or more stores did not revise; revisions occurred in components),
separately.
c Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.

1 299
768
264
1 828
-61
84

1 344
802
268
1 851
63
94

Estimated sales (seas adj ) total 9




1

18, 062
1

1

5 504

12 558

9 Includes data not shown

SURVEY OF CURRENT BUSINESS

August 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-ll
1961

1960

June

July

Novem- DecemAugust SeptemOctober
ber
ber
ber

January

February

March

May

April

June

July

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month-.J
Charge accounts
1947-49=100-Installment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales. Charge account sales
do
Installment sales
do_
Sales unadjusted total U S
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City

164
424

151
415

151
406

162
415

171
422

184
431

244
479

210
480

173
462

165
449

164
441

164
437

162
433

48
15

45
14

47
15

46
15

47
15

48
15

48
15

45
14

45
14

49
16

44
14

48
15

48
15

43
42
15

44
41
15

43
42
15

42
43
15

41
43
16

42
43
15

44
42
14

43
40
17

42
42
16

42
43
15

43
42
15

43
42
15

43
41
16

1947-49=100

137

122

132

145

153

171

262

108

109

132

134

140

v 141

-- do__do
do
do
do
do -_

165
123
129
••129
156
146

165
95
113
116
156
140

170
106
123
128
165
154

172
131
136
140
159
159

187
132
143
145
176
164

206
155
158
167
190
181

329
249
238
254
293
274

137
95
98
105
130
121

141
91
96
104
127
114

177
116
116
130
155
137

172
120
123
126
159
147

171
131
131
133
160
152

P
p
P
P
p
•P

166
129
132
134
149
151

133

' 145

' 153

155

' 239

96
103
97
105
107
119

' 105

133
132
135
149
140
145

P
p
p
P
P
P

139
136
136
146
133
156

-

Minneapolis
New York
Philadelphia
"Richmond
St Louis
San Francisco

do. _.
do _.
do
__do
- --do
do_ _

-

Sales, seasonally adjusted, total U.S. 9
Atlanta
Boston
Qhicago
Cleveland
Dallas
Kansas City

--

.

-

IVTinnoapolis
New York
Philadelphia
Richmond
St Louis
San Francisco

M31
134
140

110

T

r

167
178
183
166
177

121

128
134
142
126
138

128
125
131
139
127
148

142

145

146

148

144

P 149

177

181

178

183

175

'133
'148

109
114
137
134
154

138
141
156
142
152

do....

145

'148

144

144

150

142

147

do_ _
do ._
__do_
- do _.
do
do

'184

194

178

185

189

179

187

125
141
143
175
159

124
134
139
169
151

128
137
142
171
159

126
130
140
165
164

126
128
135
170
156

139

r 134

135
136
154
142
159

129
132
146
145
154

do __
do

r

129
134

137

170
154

« r 138
'137

144
150

r 143

153
157

r

137

135
142
157
144
159

r

133

T

147
149
170
152
156

126
132
140
166
154

129
140
144
172
164

129
129
136
163
157

135

r 139

140
145
163
149
160

137
131
136
151
139
152

137
136
150
140
155

136
139
155
138
155

245
250
285
248
282

r

r

105
102
110
102
126

101
108
130
119
142

do
- do
do
- do
-do. .do

Stocks, total U.S., end of month:
Unadjusted
. _ __
Seasonally adjusted?

r

«r!34

135
127
144
168
158

132
135
139
177
162

133
132
138
160
152

P 185
P 136
P 137
P 143
P162
P 159

r 143

T 135

136
143
155
134
164

140
145
157
142
160

143
140
141
156
142
164

139
136
138
150
138
153

P
P
P
P
p
P

169
162

165
164

P 156
P 164

r 12 8

r 4 4
r
83

12 9
4 6
8 4

13 3
68
6 5

13 4
6 9
6 5

158
167

166
169

176
168

186
167

192
169

150
165

145
162

153
161

164

r 164

12.8

11 6

13 0
4 7

12 8

12 6
4 1

11 4
38
7 6

11 3
3 7
7 6

12 8
4 2
8 5

r 11 7
r4 o

13 1
6 6
6 6

13 1
6 7
6 4

13 4
6 8
6 6

13 3
6 9
6 5

16/1

P 125

p 151

144
142
146
157
143
162

WHOLESALE TRADE
Sales estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments

bil. of dol
__do- _
do _ . _

Inventories estimated (unadj ), total
Durable goods establishments
_ _
Nondurable goods establishments

do
do
___do

4.8
8.0

12.9

7.0
5.9

4.2
7.3

12 9

7.0
5.9

12 8

12 9

8.2

4.6
8.1

4.5
8.2

4.3
8.6

13 1

13 2

13 6

13 6

6.9
6.7

6.8
6.8

7.0
6.1

6.9
6.3

8.5

13 2
6 6

6.6

r 7 7

r

T

EMPLOYMENT AND POPULATION
POPULATION
Population, United States (incl. Alaska and Hawaii):
Total, incl. armed forces overseas! _ _ _ thousands

180, 439

180, 670

180, 936

181, 232

181, 519

181, 778

182, 018

182, 257

182, 489

182, 714

182, 952

183, 174

183, 411

183, 650

Noninstitutional population, estimated number 14
years of age and over, to talc?
thousands.. 125, 162

125, 288

125, 499

125, 717

125,936

126, 222

126, 482

126, 725

126, 918

127, 115

127, 337

127, 558

127, 768

127, 986

75, 499

75, 215

74, 551

73, 672

73, 592

73, 746

73, 079

72, 361

72, 894

73 540

73, 216

74 059

76 790

76, 153

73, 002
68, 579
6, 856
61, 722
4,423

72, 706
68 689
6, 885
61,805
4,017

72, 070
68, 282
6, 454
61, 828
3, 788

71, 155
67, 767
6, 588
61, 179
3, 388

71, 069
67, 490
Q, 247
61, 244
3, 579

71,213
67, 182
5, 666
61, 516
4, 031

70, 549
66, 009
4! 950
61,059
4, 540

69, 837
64, 452
4^634
59, 818
5, 385

70, 360
64, 655
4i 708
59, 947
5 705

71 Oil
6s' 516
4,' 977
60 539
5 495

70, 696
65, 734
5,' 000
60, 734
4, 962

71, 546
66* 778
5^544
61, 234
4' 768

74 286
6s' 7C6
6^671
62 035
5 580

73, 639
68, 499
6,' 453
62, 046
5 140

6.1
5.4

5.5

5.3

4.8

7. 7

5. 7

5. 7
6. 2

6.4

5. 8

5. 0
6. 3

6. 8

Q 6

8. 1
6. 8

7 ~

5. 5

6 9

7. 0
68

6. 7
6 9

7 5
6 8

7. 0
6 9

49, 6G3

50, 074

50, 948

52, 045

52, 344

52, 476

53, 408

54, 364

54, 024

53 574

54, 121

53, 499

50 977

51, 833

53, 309
16, 422
9, 504
6,918

52, 923
16, 250
9, 342
6,908

53, 062
16,386
9, 2£6
7, 090

53, 496
16, 505
9,403
7,102

53, 391
16, 313
9, 305
7, 008

53,133
16 129
9', 235
6, 894

53, 310
15, 836
9] 065
6,771

51, 437
15, 580
8, 902
6, 678

51,090
15, 473
8^804
6, 669

51,397
15 497
8. 806
6, 691

51,843
15 536
8^865
6,671

681
97
12
164

655
94
11
140

672
95
11
156

663
94
12
151

656
93
12
150

647
90
11
147

641
90
10
145

f)9G

620
86
10
142

//
699

A9Q
O./O

fi'.m
DoU

86

86

87

292
117

292
118

292
118

289
117

285
117

285
114

286
109

EMPLOYMENT

Total labor force, including armed forces

_ _ do

Civilian labor force, total®_ _ _ do _
Employed
_ _
do
A gricultural employment
do
Nonagricultural employment _ _ _ _ _ do
Unemployed
do
Percent of civilian labor force:©
Unadjusted
~_ _
Seasonally adjusted
Not in labor force

.

..

_

thousands

Employees on payrolls (nonagricultural estab.):
Total, unadj. (excl. Alaska and Hawaii) A— thousands.
Mnnufncturing
_
do
Durable goods industries.do
Nondurable goods industries
do.. .Mining, total
do
Metal
do
Anthracite.. _ _..
___
_ ___ _ do_ .
Bituminous coal _ _ _ _ _ _ _
_ _ _ do
Crude-petroleum and natural-gas production
thousands..
Nonmetallic mining and quarrying
do

89
10
142

g
140

9
136

r 52, 407

r

53, 116 P 52, 937
1 5 975 p 15 948
p $] 124
9,' 039
b' 169
p 6, 824
' 6, 687 r 6, 806

r 15 79ft
T

T

r

T i

638

p
v

A'^9
Oo/

9
136

282
284
284
287
285
104
101
104
111
108
r Revised, p Preliminary. % Revised beginning August 1959 to include data for Hawaii. 9 Revisions lor January 1947-December 1959 for department store sales and stocks total U S
seasonally adjusted, appear on p. 20 of the January 1961 SURVEY; revisions for the individual Federal Reserve districts will be shown later. § Effective with the January 1961 SURVEY estimates
are based on the 1960 Census; for comparable revised figures (August 1957-October 1959), see "Current Population Reports", P-25 No 223
tfData beginning January I960 include figures for Alaska and Hawaii: see the December 1960 SURVEY for January I960 estimates for those States.
© For 1947-59 figures, reflecting adjustments of 1947-56 data to new definitions adopted January 1957 and monthly rates of unemployment (unadjusted), see pp. 22 and 23 of the April 1960
SURVEY; revised seasonally adjusted rates of unemployment appear in the February 1961 issue of "Employment and Earnings" (U.S Department of Labor).
A I otal employment in U.S., including Alaska and Hawaii (thous.): 1961—May, 52,645; June, 53 367' July 53 198

« Revisions
for March and April 1960, respectively, are as follows (1947-49=100): Unadjusted—106, 140;'seas adj —124 148



SURVEY OF CUEEENT BUSINESS

S-12

August 1961

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

June

July

August

1961

Septem- October Novem- December
ber
ber

January

February

March

April

May

June

i

July

EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls of nonagricultural est., unadjusted — Continued
Contract construction
thousands. _
Transportation and public utilities 9
do
Interstate railroads
do
Local railways and buslines
do
Trucking and warehousing
do
Telephone
do
Gas and electric utilities
do
Wholesale and retail trade
Wholesale trade
Retail trade9
Genera 1 merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance insurance, and real estate
Service and miscellaneous 9
Hotels and lodging places
Laundries
Cleaning and dyeing plants
Government

do
- do
do
do
do
do
do
do
do
do _ _
do
do _

Total, seas. adj. (excl. Alaska and Hawaii) A- -do
Manufacturing
_
do
Durable goods industries
do
Nondurable goods industries
_ do
Mining
Contract construction
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous
Government

do
do
_ do
do
_ do
do
do

_

Production workers on manufacturing payrolls, unadj.:
Total
thousands
Durable goods industries
_ do
Ordnance and accessories
do
Lumber and wood products (except furniture)
thousands.Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clay, and glass products
do
Primarv metal industries . _
_
do
Blast furnaces, steel works, and rolling mills
Fabricated metal productscfMachinerv (except electrical)
Electrical machinerv.
Transportation equipment 9
M^otor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products .
Miscellaneous mfg. industries

do__ _
do
__ do _
do
do
do
do
do. __
do

2,977
3,942

3,098
3,939

3,130
3,921

920
91
887
707
582

912
91
879
714
589

11, 637
3,129
8,508
1,462
1,656

11,591
3,138
8,453
1,433
1,660

827

824

11,592
3,153
8, 439
1, 452
1 , 641

2,496
6,745

2, 530
6,715

524
315
181

592
316
176

905
90
877
714
585

3,069
3,907

3,006
3,889

2,847
3,868

2,552
3,843

849
89
881
699
577

869
88
902
704
579

852
89
898
702
578

11,665
3,153
8,512
1, 504
1,641

820

11,842
3,163
8,679
1,655
1,659

12, 405
3,161
9,244
2,022
1, 683

815

11, 742
3,162
8,580
1,554
1, 652

814

828

2,536
6, 685

2, 515
6,698

2,501
6,698

2,499
6, 665

2, 504
6, 612

591
310
171

876
91
892
708
585

509
307
175

813

466
306
180

455
304
179

448
301
176

2,385
3, 763

818
89
854
696
574

2,264
3, 759

11, 464
3,116
8,348
1,476
1,641

11, 279
3,102
8, 177
1,392
1,641

794

787

2,490
6,518

2,494
6, 527

437
300
175

2,414
3,749

817
89
851
695
573

441
297
173

813
88
848
695
574

11,337
3,091
8, 246
1,436
1,632

784

' 2, 799 ' 3, 035 p 3, 131
'3,773 ' 3, 816 p 3, 833

820
88

'857
'692
'576

11, 389 ' 11, 446 '11,559 p 11, 535
'3,114 p3,130
3,086
3,090
'8,360 ' 8, 445 p 8, 405
8,299
1 443 '1,457
' 1, 638
1,632

790

793

298

176

464
299
179

' 2, 528 ' 2, 554 p 2, 586
' 6, 753 ' 6, 793 p 6, 775
'478
'303

8,723

' 8, 752 ' 8, 746 p 8, 497

442

8,409

8,145

8,140

8,474

8, 586

8, 636

8,917

8,608

8,674

8,705

53, 140
16, 498
9,499
6,999

53, 145
16,417
9,452
6, 965

53, 046
16,265
9,338
6,927

52, 998
16, 275
9,391
6,884

52, 809
16, 132
9, 266
6, 866

52, 591
16,030
9,190
6,840

52, 221
15, 790
9,030
6,760

52, 232
15,676
8,918
6, 758

51,984
15, 527
8,792
6,735

51, 939
15, 541
8,781
6,760

620

814
88
850
694
572

2,520
6 679

2,507
6,566
'

2,617
3,756

622

182

52, 243 ' 52, 541
15, 678 '15,910
' 9. 058
8,865
6,813 ' 6, 852

636

' 52, 938
'16,047
' 9, 163
' 6, 884

p 53, 160
p 16, 109
p 9, 234
p 6, 875

678

658

660

656

644

638

2,790
3, 926
11, 712
2,471
6, 645
8.420

2, 858
3,910
11,736
2,480
6, 682
8,404

2, 835
3,892
11, 764
2,499
6 652
8,474

2,800
3,879
11,665
2,515
6, 665
8, 539

2,804
3,879
11, 668
2, 514
6, 632
8,524

2,783
3, 858
11,568
2,512
6, 665
8,531

2, 647
3,821
11,541
2,517
6, 679
8,588

2, 698
3,820
11,634
2,515
6,651
8, 609

2, 636
3,803
11, 576
2,519
6,660
8, 643

2, 715
3,768
11,479
2,520
6, 632
8,662

2,781
3,763
11,546
2,520
6,646
8,680

' 2, 752
' 3, 776
'11.577
' 2, 528
' 6, 653
' 8, 709

12,332
7. 056

12, 145
6,888

12, 265
6, 833

12, 399
6,949

74

12, 226
6, 863

12,037
6,786

11,745
6,613

11,502
6,456

11,395
6,359

11,418
6,363

11,463
6,429

'11,643 '11,866 p 11,828
' 6, 595 ' 6, 710 p 6, 661

72

72

74

'74

P73

607
293

598
285

498
244

519
252

'551
' 262

'593

P588

452
910

449
905

410
845

'420
877

'308
'428
'897

P310
P427
P910

'801
'1,082
'846
'1,064

P799
p 1,067
p 844
p 1, 040

'214
'401

P212
P391

72

72

665

74

74

581
276

547
264

518
252

442
891

431
870

416
851

72

629

73

73

508
247

496
243

401
838

396
829

402
833

73

629

617
296

606
291

456
970

450
924

469

439

431

418

409

395

381

377

381

387

398

418

840

817

819

835

834

794

750

762

1,154

1,130

1,112

1,087

1,085

1,081

771

754

1, 104

817

1,075

1, 077

1.076

1, 081

1,127

1, 105

1.036

1. 135

1. 149

1,147

1,125

1,068

1,012

1,013

1,018

'788
'1,082
'836
'1,059
'544
'360

327

859

615
348
111
228
405

321

850

574
358
119
223
389

327

861

509
365
118
226
410

328

877

597
367
119
225
418

327

839

614
366
119
223
418

320

867

610
372
117
222
406

310

844

596
369
116
218
383

303

842

542
367
117
215
364

303

835

492
366
116
211
373

302

830

489
367
118
211
374

305

826

500
364
117
210
379

304

117
212

'391

'635
p635
' 2, 844 p 2, 888
' 3. 801 p 3, 805
'11.632 p 11. 679
' 2, 529 p 2, 535
' 6, 693 p 6, 741
' 8, 757 p 8, 768

5,055
5,034
5, 450
5, 132
5, 036
' 5, 048 '5,156 P 5, 167
5, 251
5, 432
5, 363
5, 276
5, 257
5, 046
Nondurable goods industries
do_ _ _
r
932
942
'951
1,171
984
1,112
925
1,064
1,036
1,008 P 1,064
1,015
1,142
943
Food and kindred products 9
do_ __
230
231
248
242
230
236
243
237
242
246
249
248
Meat products
do
148
155
325
'
155
140
254
157
219
297
188
173
141
Canning and preserving
do
158
158
1G4
159
162
158
165
163
164
163
158
165
Bakery products
do
68
64
97
72
'63
64
94
82
P64
68
69
78
81
Tobacco manufactures
do
807
814
850
840
806
823
819
'834
859
832
848
807
P 824
867
Textile mill nroducts 9
do
341
341
'341
356
343
360
360
351
349
348
345
365
Broadwoven fabric miRs
do
191
196
203
'199
188
186
206
197
201
198
183
205
Knitting mills
do
1,074
1,041
1,094
'1,035
1 , 052
1, 063
'1,047
p 1,026
1,079
1,079
1,085
1,060
1,107
1,038
Apparel and other finished textile prod do
432
452
433
432
'435
'442
449
437
P436
444
451
445
434
452
Paper and allied products
do
216
216
225
217
216
219
222
226
223
226
?21
217
Pulp paper and paperboard mills
do
r
571
568
'567
578
579
568
584
570
P 569
585
572
568
573
571
Printing, publishing, and allied industries-_do
532
537
537
'535
538
531
525
536
533
P 536
537
528
538
540
Chemicals and allied products . _ _ _ _do_ __
204
203
207
206
203
'206
205
211
210
206
211
204
Industrial organic chemicals
do
142
143
142
144
150
145
146
153
154
150
147
144
P 142
156
Products of petroleum and coal _ _ _ _do _ _ _
111
111
112
114
115
113
113
112
'110
118
117
117
Petroleum refining
do
180
180
181
184
198
196
198
193
191
'188
198
192
p 188
188
Rubber products
do
318
311
322
321
'321
318
311
317
P317
322
323
331
319
318
Leather and leather products
do
Production workers on mfg. payrolls, seas, adj.:
11,455
11, 596 '11,819 '11,941 P 11,997
12, 176
11,444
12,048
11,937
11,701
12, 321
11,594
12. 407
12,158
Total
thousands
6,339
6,431
6, 937
6,348
' 6, 614 ' 6, 706 p 6, 772
6,824
6, 579
6,740
7,051
7,000
6,471
6, 875
Durable goods industries
do
5,116
5,165
5,239
5,096
' 5, 205 ' 5, 235 P 5, 225
5,224
5,122
5,356
5,321
5,283
5,197
5,123
Nondurable goods industries
_ do_ __
Production workers on manufacturing payrolls :
Indexes of employment:
92.1
100.2
92.3
92.7
94.1
98.8
'95.9
98.2
95.0
p 95.6
99.2
97.3
93.0
99.7
Unadjusted
1947-49=100
92.6
98.4
92.5
93.8
97.4
'95.6
'96.5
96.5
94.6
93.7
98.3
P97.0
99.6
100.3
Seasonally adjusted
do
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States^
thousands 2 2,2 212.9 2,213. 3 2,213.9 2, 192. 9 2, 188. 9 2, 188. 9 12,478.2 2, 180. 4 2, 185. 7 2, 193. 2 2, 205. 0 2, 212. 1 2, 248. 0
215.1
216.1
213.6
216.7
216.3
i 222. 1
223.9
214.0
214.7
218. 1
218.5
217.9
214.6
Washington D C metropolitan area
do
Railroad employees (class I railroads):
782
730
727
'729
P734
817
787
764
759
P 746
731
834
p 752
Total
thousands
824
Indexes:
54.9
54.9
54.7
55.3
59.4
57.6
56.9
55.1
P56.2
P 56. 7
58.9
62.0
62.7
61.5
Unadjusted
1947-49=100..
55. 0
55.2
59.3
58.2
54.6
55.6
54.5
60.1
58.9
P55.0
P55.5
60.7
60.4
61.3
Seasonally adjusted
do
r
Revised. * Preliminary. ! Includes Post Office employees hired for Christmas season; there were about 292,800 such employees in the United States in December 1960. 2 Includes
the following number of persons hired for the decennial census: Total U.S., 15, 600; Wash., D.C., area, 240. 9 Includes data for industries not shown, c? Except ordnance, machinery, and
transportation equipment.
ATotal employees, incl. Alaska and Hawaii (thous.); 1961—May, 52,780; June, 53,186; July, 53,422"
^Employees in Alaska and Hawaii are included effective with January 1959 and
August 1959, respectively.




SURVEY OF CURRENT BUSINESS

August 1961

S-13
1961

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

June

July

DecemOctober NovemAugust September
ber
ber

January

February

March

May

April

June

July

EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS

240. 9
172. 5
108.4

262.8
169.0
103.3

267.9
169.2
104.5

259.4
172. 5
101.6

258 4
170.5
101.6

227 1
166. 2
97.0

197 1
160.6
97.0

193.9
158. 5
97.7

181.7
157. 1
94.5

191.6
158.2
91.5

211.3
160.3
94.5

40.0
2.5
40.4
2.4
40.8

39.8
2.4
39.9
2.3
40.0

39.8
2.4
40.0
2.3
40.0

39.6
2.5
39.9
2.5
40.5

39.7
2.5
40.2
2.4
40.4

39.3
2.2
39 6
2.0
40.8

38.6
2.0
39. 1
1.9
40.2

38.9
1.9
39.2
1.7
40.7

38.9
1.9
39.3
1.7
40.7

39.1
1.9
39.5
1.7
40.7

39.3
2.0
39.9
1.9
40.8

'39.6
2.1
40.2
2.0
MO. 8

40.1
2 4
MO. 6
'2.3
MO. 6

p 40 0
p 2. 4
p 40 4
P2.3
p 40. 9

40.5
41.0
40.2
41.0
38.9

39.3
39.9
40.0
40.8
38.7

39.6
40.2
40.8
41.0
38.1

39.9
40.2
40.5
40.5
38.0

39.6
39.8
40.4
40.9
37.9

38.4
38 9
39.6
40.7
37.4

38.6
38.9
39.9
39.6
37.2

38.8
38.6
38.3
39.8
37.7

38.5
38.5
38.7
39.8
37. 8

38.9
38.9
38.9
40.2
38.1

39.5
39.7
39.0
40.2
38.8

MO.O
40.6
'38.8
'40.7
39.4

MO. 3

P4Q.1

'39.9
Ml. 2
40.1

•p 40.3
P 41.1
P 40 5

37.7
40.9
41.2
40.1

37.2
40.5
40.9
39.3

36.6
41.0
40.5
39.9

36.5
40.7
40.3
40.1

36.3
40.5
40.5
40.3

35 5
39.9
40.1
40.0

35.5
39.1
39.9
39.1

36.5
39.3
40.2
39.9

36.7
39.2
40.2
39.9

37.0
39.6
40.2
39.7

38.1
40.0
40.6
39.9

38.7
40.5
40.7
40.0

Ml.l
MO. 9
' 40.4

p 40.9
p40. 5
p 40 1

do
do _
do
do
do
do

40.5
40.6
40.8
39.7
40.7
39.9

40.2
40.0
41.1
39.3
40.4
39.4

39.6
38.8
40.9
39.5
40.5
40.0

40.2
40.6
40.6
37.4
40.1
39.5

41.1
41.6
41.0
39.4
40.5
40.1

40.2
40.2
41 1
38.4
40.6
40.0

39.8
39.5
41.1
37.9
39.2
38.4

38.9
37.3
41. 5
39. 1
40.2
39.4

39.3
37.7
41.6
39.2
40.1
39.6

39.6
38.5
41.3
39.3
40.3
39.5

40.1
39.7
41.0
40.0
40.2
39.5

40.5
MO.
6
r
40.8
MO.O
MO. 3
39.7

40.5

p 40 3

MO. 7
MO. 2

p 40. 5
p 40.0

do

39.6
2 6
41.1
41.2
39.5
40.9

39.5
2.5
41.2
41.2
40.9
40.4

39.1
2.6
41.6
41.5
42.2
40.3

39.0
2 5
41.0
41.1
40.0
40.5

38.8
2 3
40.5
41.2
36 4
40.5

38.0
2 2
40.2
40.8
36.8
39.7

38.4
20
40.2
40.3
37.4
39.6

38.4
2.1
39.9
39.4
37.8
40.1

38.7
2.1
39.9
40.1
37.2
39.8

38.7
2.2
39.8
40.3
36.8
39.8

39.0
2.3
40.8
41.3
'39.2
40.5

'39.4

?39. 4
p2 5

do
do
do
do

39.5
2.5
40.6
40.7
37.7
40.8

do
_ _ _ __do
do
do

39.3
40.2
41.1
38.6

37.6
39.7
40.6
38.4

37.9
39.7
40.3
38.6

40.3
38.3
38.7
37.6

40.5
38.8
39.3
37.9

37.7
39.0
39.4
37.5

39.3
38.2
39.1
35.9

37.8
38.0
38.7
35.9

37.2
38.5
38.8
37.1

36.7
38.8
39.0
37.2

38.4
39.0
39.4
37.1

Apparel and other finished textile prod
do .Paper and allied products _ _ _
do _ _ _
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries __do

36.3
42.6
43.7
38.1

36.4
42.5
43.8
38.2

36.7
42.5
43.6
38.3

35.4
42.3
43.4
38.6

35.5
42.3
43.4
38.4

35.3
41.9
42.9
38.2

33.4
41.1
42.7
37.7

34.4
41.5
42.8
37.8

35.1
41.7
42.9
37.7

35.7
41.8
43.0
37.9

Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
Rubber products
Leather and leather products

41.9
42.2
41.1
40.8
40.6
37.8

41.6
41.9
41.5
41.2
40.6
38.4

41.3
41.2
40.7
40.3
39.9
38.1

41.3
41.1
41.3
41.1
39.0
35.9

41.2
40.8
40.7
40.6
39.8
35.9

41.4
41.2
40.4
40.7
39.2
36.4

40.9
40.9
40.5
40.7
38.9
35.9

41.1
40.8
41.2
41 5
38.9
37.9

40.9
40.8
40.0
40.5
38.6
37.4

41.2
41.3
33.9
37.1

41 5
41.4
34.0
37.3

40 7
41.6
34.4
35.0

40. 1
41.6
30.8
33.2

40 3
40.6
34.5
34.1

39 3
40.2
34.6
32 1

39 4
41.1
34.8
33.6

40 0
40.7
38 4
34 2

40.4
45.2

40.9
45.0

40.3
44. 9

41.0
44.2

40.8
44.4

40.7
42.5

40.3
41.2

37.4
41.6
36. 3

37.8
42.2
36.7

37.9
42.3
36.7

37.2
42.0
36.0

37.8
42.6
36.6

35.3
38.6
34.5

43.5
39.4
40.8

43.2
39.8
40.9

43.2
39. 5
40.8

42.9
40.8
41.8

42.6
40.0
41.2

42 8
40.4
41.2

40.3

40.6

40.5

40.4

40.3

40.2

37.8
34.3
35.9
44.1

38.2
35.0
36.4
44.1

38.3
34.9
36.2
44.1

37.6
34.0
35. 6
43.9

37. 4
33.7
35.3
43.7

37.5
33.7
35.6
43.8

40.0
39.9
39.9

40.0
39.8
38.6

40.2
39. 4
37.6

39.7
39.4
38.5

39.9
39.7
39.3

39.7
39.2
38.7

91.14
97.76
105. 20

90.35
97.20
105. 60

91.08
98. 15
108. 14

91.31
98.89
108. 27

81. 35
79.00
74.40
93.02

81.97
80.00
75. 89
93. 89

84. 19
80.00
75. 74
92.75

106. 68
110. 53

Construction (construction workers)
Manufacturing (production workers)
Mining (production workers) _

1947-49=100
clo
do

' 232. 7 262 1
' 164. 8 '170.8
97.2
101.9

v 169. 8

HOURS AND EARNINGS
Average weekly gross hours per worker on payrolls of
nonagricultural establishments:
All manufacturing industries
hours _
Average overtime _
.
do__ _
Durable goods industries
do
Average overtime
do
Ordnance and accessories
do_ _
Lumber and wood products (except furniture)
hours. _
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone clay, and glass products
do
Primarv metal industries
do
Blast furnaces, steel works, and rolling mills
hours
Fabricated metal productscf
do
Machinery (except electrical)
do. _.
Electrical machinery
do
Transportation equipment 9 Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg industries
Nondurable goods industries
Food and kindred products 9
Meat products
Canning and preserving
Bakery products
Tobacco manufactures
Textile mill products 9
Broadwoven fabric mills
Knitting mills

do
do
do _
do
do
do

Nonmanufacturing
industries:
M^inin0"
do
Metal
.
do
Anthracite
do
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
hours
Nonmeta^lic 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
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

Average weekly gross earnings per worker on payrolls
of nonagricultural establishments:
91.60
All manufacturing industries
dollars
98. 98
Durable goods industries
do
107. 30
Ordnance and accessories _ _
_ _ do _ _
Lumber and wood products (except furniture)
dollars. . 83.84
81. 18
Sawmills and planing mills
do
74.77
Furniture and fixtures __ _
do
93.07
Stone, clay, and glass products
do _

109. 70
108. 75
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
113. 83
dollars.. 115. 74
r
Revised.
v Preliminary.
9 Includes data for industries not shown separately.
cf Except ordnance, machinery, and transportation equipment.




'25

Ml.O

p 40.6

38.2
'39.5
'39.8
37.9

'39.7
MO. 2

^38.2
P39.9

35.4
42.2
43.6
37.7

35.2
42.2
43.5
37.7

'35.7
M2. 7

P36.1
p42. 7

'37.8

P38.0

41.3
40.9
40.5
40.6
38.6
37.0

41.3
41.2
41.0
41. 1
39.4
35.9

41.3
41.3
Ml.O
40.9
39.8
'36.8

Ml. 7

P41.7

Ml. 5

p 41. 5

MO.O
'37.9

p39. 9
P38.2

39 6
40. 5
37.0
33.9

38 7
39.9
33.8
30.3

39 6
40.3
31.2
32.9

r

42 0
42 0

40.3
41 6

40.2
41.7

41.1
42 5

MO. 2
M3 7

34 1
37.3
33.4

36 2
39 4
35 6

36.0
39.2
35.4

35.5
38.7
34.8

35 6
38. 1
35.0

36 4
'39.8
r
35. 5

43 3
39. 5
41.3

49 i
39 0
40 9

42 7
39.1
40.9

42 3
38.8
40.7

42 5
38.7
40.6

M2
9
r
38. 9
40.6

40.0

40.2

39.9

40.0

40.1

40.1

37.7
35.4
35. 1
43.8

37 5
33.8
35 1
43. 7

37.5
33.8
35.0
43.7

37.4
33.9
35.0
44.0

37 3
33.8
34.9
43.9

37 4
'34.0
35.1
M3.9

39.7
38.6
37.2

39 7
38 9
38.4

39.6
38.8
37.7

40.0
39 0
38.5

39.7
39 1
38.2

'39.9
r
39 9
MO. 2

90. 39
97.42
109. 34

89. 55
96. 97
108. 14

90 25
97 22
109 48

90 25
97.07
109. 48

90 71
97 96
109. 89

91 57
99 35
110. 16

81. 58
77. 61
75. 55
94.07

77.18
74 30
74.05
94. 02

77.59
74 30
75. 01
91.48

77. 60
74 11
71 24
91.54

76.23
73 54
71.98
91.54

77.80
74 69
72 74
92.86

81.37
78 21
72 93
93.26

106. 78

106 12

104 72

105 28

107 82

107 73

108 97

119 13

110. 60

109. 63

106. 86

109. 34

114.25

113. 77

115.44

120. 02

' 40 3
MO. 1
33. 5
35.2

r
r

94 24 p 94 00
92 66
100 50 ' 101 91plOl 40
110. 98 ' 110. 43 pill. 66

'r 83. 20 ' 85. 03 p 85. 01
80 39
T
72 56 ' 75 01 p 75. 76
r
94. 83 ' 96. 41 p 96. 59
114 26
r

122. 29

117 09

z>119 07

SURVEY OF CURRENT BUSINESS

S-14

August 1961
1961

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

June

July

DecemAugust SeptemOctober November
ber
ber

February

January

March

May

April

June

July

EMPLOYMENT AND POPULATION—Continued
,

HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls
of nonagri cultural establishments — Continued
All manufacturing industries — Continued
Durable goods industries— Continued
Fabricated metal productsc?
- dollars
JVTnchinerv (except electrical)
do
Flcctrical machinerv
do
Transportation equipment 9
do
IVTotor vehicles and equipment
do
Aircraft and parts
do__
Ship and boat building and repairs
-_ do. ..
Instruments and related products
do
Miscellaneous mfg industries
do _

100. 21
105.88
92 23
110.97
112.87
110.57
105. 60
95. 05
77.41

99.63
105. 11
90.39
110. 15
111.20
110.97
106. 90
95. 75
76.44

100. 45
103.68
91.77
108. 90
108. 64
110. 84
108. 23
95. 99
77. 60

100. 94
103. 57
93. 03
112. 96
116. 52
111.24
103. 97
95. 44
77.03

100. 04
104. 49
93.09
115. 49
119. 39
111.93
109. 53
95. 99
78.20

98.15
103. 46
93.20
112.16
113.77
112.61
105. 98
96. 63
78.40

96.58
103. 74
92. 28
111.44
111.79
113.44
106. 12
94.47
76. 03

97.07
104. 92
93.77
108. 14
104. 81
114. 13
108. 31
96. 88
78.41

96.82
104. 92
93. 77
1 09. 25
105. 56
114.82
108. 98
96. 64
78.80

97.81
105. 32
93.30
109. 69
107. 80
113.99
108. 47
97. 53
78. 61

82.10
88. 51
98. 90
67. 80
88. 54

82.37
89. 60
100. 94
70.71
89. 16

81.77
88. 58
99. 70
74, 03
88. 48

81.72
89. 02
102. 51
74. 69
89. 06

81. 51
88.97
101.11
72.00
89. 51

81.48
89. 10
102. 18
64. 79
89. 91

80. 18
89. 24
101.59
67. 71
88. 53

81.41
90. 45
101.56
68.82
88.31

81.02
89.78
99.29
69.93
90. 23

82.04
90. 17
100. 25
69. 94
89.15

Tobacco manufactures
- do
Textile mill products 9
do
Broadwoven fabric mills
- do _
Knittins; mills
do
Apparel and other finished textile prod
do
Paper and allied products
-do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries-do

71.53
65. 53
00. 58
58. 67
55. 90
97 13
106. 19
105. 54

68.43
64.31
65. 37
57. 60
56. 42
97. 33
106. 87
106. 20

64.81
64. 31
64.88
58. 29
57 62
97. 75
106. 82
106. 09

63. 27
62. 05
61.92
57.15
55. 93
98.14
107. 20
108. 08

65.21
63.24
62. 88
57. 99
56. 45
97.71
106. 70
107. 14

65. 60
63.18
62. 65
57. 38
55. 77
96. 37
105. 53
106. 96

69. 95
61.88
62.17
54. 57
52. 44
95. 35
105. 47
106.31

66.53
61.56
61. 53
54. 57
54.70
96. 28
105. 29
106. 22

66.59
62. 76
61.69
56. 76
55. 81
96. 74
105. 53
105. 94

66.43
63.24
62. 40
57.29
57.12
96. 98
105. 78
106. 88

72.19
72.20
63. 96 ' 64. 78
63.04
r 64. OS
57.13
58.37
56.29 ' 55. 62
98.33 r 98. 75
107. 69 ' 107. 88
106. 69 * 107. 07

Chemicals and allied nroducts
Industrial organic chemicals
Products of petroleum and coal
Petroloum refining
Rubber products
Leather and leather products

105. 59
112.67
1 19. 60
123. 22
102. 72
62, 37

106. 08
113.13
121 18
124. 84
103. 53
62.98

104. 90
110. 42
117.62
120.90
100. 15
62. 48

104. 90
110.97
120. 60
124. 53
98.28
59.24

104. 24
110.16
117. 62
121.80
101.49
59.59

105. 16
111. 65
117.97
122.91
99. 57
60.42

104. 30
111.25
119.07
123. 32
99. 58
59.24

104. 81
110.98
124. 42
129. 90
98.81
62.91

104. 30
110.98
120.80
126. 36
97.27
62.46

104. 90
111.25
122.31
127. 48
97.66
61.79

105. 32
106.14 '108.84
112.48
113.16
124. 23 '123.82 '126.16
129. 47
128. 84
100. 47
101.89 ' 103. 60
60.31 '61.82 '63.67

110.83
110. 27
93. 23
121.69

111.22
111.37
93. 50
121. 60

108. 67
111.49
94.26
114. 10

107. 47
112. 74
84.39
108. 23

108. 41
110.43
95.22
111.51

105. 32
108. 54
94.46
104. 33

106. 38
111.79
95. 35
109. 54

109. 60
110.30
107. 90
112. 52

107. 71
109. 35
106. 19
110.85

104.10
108. 13
90.58
98.48

107. 32
110.02
84.86
106. 93

r
r

113. 52
101. 70
121.18
121.06
121.24

116.16
102. 60
123.61
124. 91
123. 68

112.44
102. 37
124.31
126. 90
123. 68

116.44
101. 66
123. 13
126. 42
122. 40

115.87
102.12
125. 50
128. 65
125. 17

115. 18
98.18
117.20
114.64
117.99

114.05
95. 17
115.26
113.39
115.56

124. 74
97.02
122. 72
120.17
123. 53

118.48
95. 68
122. 40
118. 78
123. 19

116.98
95.49
119.64
116.10
120. 41

121. 66
97.75
120. 33
115.44
121.45

'117.38
' 100. 95
123. 03
'121.39
' 123. 54

100. 92
88. 26
109. 34

100. 22
89. 95
110. 02

100.22
89. 27
110.16

99.96
95. 47
115.37

98.83
92.00
112. 89

99.72
92.92
113.30

102. 62
91.64
114.40

100. 20
90.48
112. 88

101.63
90.71
113. 29

101. 10
90.02
112.33

101.15
90.17
112.46

' 102. 53
'91.03
' 112. 46

93.09

94.19

93.56

94.13

93.90

93.67

93.20

94.07

93.37

94.00

94.64

95.04

68.80
49.74
72. 16
91.29

69. 52
50. 75
73. 16
91.29

69.32
50.26
72.76
89.96

68.43
49. 30
72.27
88.24

68.44
48.87
72.01
89.59

68.25
48.53
73.69
89.79

67.11
49.56
71.25
88.48

69.00
49.69
72.31
88.71

69.00
49.35
72.10
87.40

68.44
49.49
72.10
89.76

69.01
49.69
72.59
90.43

69.56
' 50. 32
73.36
'91.75

Nondurable roods industries
Food and kindred products 9
Meat products
Canning nnd preserving
Bakerv products

--

do _
do
-do ...
-- do
do

do
do
do _
do
do
do

Nonmanufacturing industries:
Mining
do
Metal
do _
Anthracite
- --do
Bituminous coal
do.
Petroleum and natural-gas production (except
contract services)
dollars Nonmetallic mining and quarrying
do _ _
Contract construction
do
Nonbuildin cr construction
do__
Building construction
do
Transportation and public utilities:
Local railways and bus lines
Telephone
Gas and electric utilities
Wholesale and retail trade1.
Wholesale trade
Retail trade (except eating and
places) 9
General merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance, insurance, and real estate:
Banks and trust com panics |
Service and miscellaneous:
Hotels, vear-round
Laundries
__ _
Cleaning and dyeing plants

do _
do
do
do
drinking
dollars. _
do
do _ do

_ _

83.07
92.21
102.84
r
74. 09
91.53

70.31

69.75

69.75

70.69

70.31

70.69

71.81

71.42

71.80

71.99

'71.60

49.04
48.07
53.02

48.83
48.46
54.67

49.48
48.83
56.20

49.23
48.22
54.57

49. 63
47.48
52. 82

48. 83
47.85
54.53

49.10
47.72
53.53

49.60
48. 36
54.67

49.23
48.48
54.24

' 50. 27
' 49. 88
' 57. 49

2.29
2.22
2.45
2.38
2.63

2.29
2.22
2.45
2.38
2.63

2.27
2.21
2.43
2.37
2.64

2.30
2.23
2.46
2.39
2.67

2.30
2.23
2.46
2.39
2.68

2.30
2.24
2.46
2.39
2.68

2.32
2.26
2.48
2.42
2.69

2.32
2.27
2.48
2.42
2.69

2.32
2.26
2.47
2.42
2.69

2.32
2.27
2.48
2.42
2.70

2.33
2.28
2.49
2.43
2.70

2.34
2.28
2.50
2.44
2.72

2.07
1.98
1.86
2.27
2.82

2.07
1.98
1.86
2.28
2.81

2.07
1.99
1.86
2 29
2^80

2.11
1.99
1.87
2.29
2.81

2.06
1. 95
1.87
2.30
2.80

2.01
1.91
1.87
2.31
2.80

2.01
1.91
1.88
2.31
2.83

2.00
1.92
1.86
2.30
2.86

1.98
1.91
1.86
2.30
2.85

2.00
1.92
1.87
2.31
2.86

2.06
1.97
1.87
2.32
2.89

2.08
'1.98
1.87
2.33
2.90

3.07
2. 45
2. 57
2.30

3.06
2.46
2.57
2.30

3.02
2.45
2.56
2. 30

3.03
2.48
2.57
2.32

3.02
2.47
2.58
2.31

3.01
2.46
2.58
2.33

3.08
2.47
2. 60
2.36

3.13
2.47
2.61
2.35

3.10
2.47
2.61
2.35

3.12
2.47
2.62
2.35

3.15
2.49
2.63
2.36

'3. 16
'2.51
2.63
2.36

2.74
2.78
2.71
2. 06
2.35
1.94

2.74
2.78
2.70
2.72
2.37
1.94

2. 75
2.80
2.71
2.74
2.37
1.94

2.81
2.87
2.74
2.78
2. 38
1.95

2.81
2.87
2. 73
2.78
2. 37
1.95

2.79
2.83
2.74
2.76
2.38
1.96

2.80
2.83
2.76
2. 80
2.41
1.98

2.78
2.81
2.75
2.77
2.41
1.99

2.78
2.80
2.76
2.78
2.41
1.99

2.77
2.80
2. 76
2.76
2.42
1.99

2.79
2.82
2.75
2.77
2.42
1.99

2.80
r 2. 85
2. 75
2.79
2. 42
1.99

2.10
2. 04
2. 20

2. 11
2.06

1.78
2.22 1

1.8-1
2.23

2.12
2.07
2.25
2. 52
1.84
2.23

2.11
2.06
2.25
2 52
1.85
2.25

2.12
2.06
2.26
2 50
1.88 i
2.24 !

2.13
2.07
2.26
9. 47
1.92
2.24

2.13
2.07
2. 20
2 49
1.S9
2. 26

9 49

.

' 75. 43 P71.05
' 65. 93 p 65. 44
' 56. 05 p 57. 40
•p 100. 77

r 100. 77

' 106. 97 p 107. 54

p 109. 25
p 126. 16
p 1 03. 74
p 63. 79

108. 81
108. 67
90. 12
114. 75

48.80
48. 56
54.43

do
.
do
do
do
do
do.---

' 83. 92 p 84. 32
' 92. 25 P91.35

r

48.80
48.08
57. 06

2.08
2.08
2. 07
2.09
2.09
Nondurable goods industries
do
2.02
2.01
2.02
2.01
2.03
Excluding overtime§
do
2.18
2.18
2.15
2.14
Food and kindred products 9
do
2 49
9 46
9 47
2.43
2 45
M"eat products
do
1.79
1.81
1.77
1.80
1.80
Canning and preserving
do
2.17
2.18 1
2.19
2.21 i
2.21
Bakerv products
do
r
Revised.
p Preliminary.
<f Except ordnance, machinery, and transportation equipinen t.
9 Includes data for industries not shown separately T
tRevised series (first shown in September 1959 SURI EY); data beginning January 1958 are calculated on
December 1957.
§Derived by assuming that overtime hours are pair1 at the ra te of time and one-half.




82.43
89. 95
99.54
70. 66
89.15

do _ 69.75
do
do
do

Average hourly gross earnings per worker on payrolls
of nonagri cultural establishments:
All manufacturing industries
dollars
Excluding overtime^
. do _.
Durable goods industries
do
Excluding overtimed
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 . _ Primary metal industries
do
Blast furnaces, steel works, and rolling mills
dollars..
Fabricated metal products d" .
do _.
Machinery (except electrical) _._
do. .
Electrical machinery
do
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries

99.60 '101.66 - 103. 16 p 103.07
106. 78
107. 04 r r107. 57 p 106. 52
94. 16
94.40
95. 75 p 95. 44
111.88
113.40
113.81 p 113. 65
111.95 'r 115. 71
112.75
112. 20
110.80 '111.60
97.28
' 97. 53 r 98. 90 p 98. 01
78.61
79. 00
80.00 p 79. 20

2.35
p 2. 35
2.28 "~p~2~5i~
2.51
2.44
'2.72
P2.73
2.11

p

1.88
2.34
2.92

pl.88
p 2. 35
p 2 . 94

2.51
2.63
2.37

p 2. 52
p 2 . 63
p 2 . 38

2.81

p 2 82

'2.43
'1.99

" 2. 42
p 1.98

' 2. 13
2.07

'•2.14

r 2 25

i> 2. 25

r

2 12

a different bas s and are riot strict ly comparable witl i publish? d figures through

SUEVEY OF CUERENT BUSINESS

August 1961

S-15
1961

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

June

DecemAugust SeptemOctober November
ber
ber

July

January

February

March i

April

May

| June
!

July

EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings per worker on payrolls
of nonagricultural establishments— Continued
All manufacturing industries— Continued
Nondurable goods industries
— Continued
Tobacco manufactu r es
dollars
Textile mill products 9
do
Broadwoven fabric mills
do
TCnittinc mills
do
Apparel and other finished textile prod
do
Paper and allied products
. - do.
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries— do
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining

- d o .._
do
_ _ do

Leather and leather products

- do

Nonmanufacturing
industries:
Minin 0 "
Metal
Anthracite
"Bituminous coal
Petroleum and natural-gas production
contract services')
Nonmetallic mining and quarrying
Contract construction
Nonbuildin 0 " construction
Building construction

do
- do
- do
do
(except
dollars do
do
do
do

Transportation and public utilities:
Local railways and bus lines
do
Telephone
_ - - do
Oas and electric utilities
do
Wholesale0 and retail trade:
"Wholes le 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 vear-round
do _ _
Laundries
do
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wages (ENR):
Common labor
- --dol. per hr__
Skilled labor
do
Equipment operators
- - do
Farm wages, without board or room (quarterly)
dol per hr

1.82
1. 63
1 . 62
] . 52
1. 54
2.28
2. 43
2. 77
2! .52
2. 07
2.91
3. 02
2. 53
1.65

1.82
1. 62
1.61
1 . 50
1. 55
2.29
2.44
2.78
2. 55
2.70
2 92
3. 03
2. 55
1.64

1.71
1.62
1.61
1.51
1.57
2. 30
2.45
2.77
2. 54
2. 68
2.89
3.00
2. 51
1.64

1.57
1.62
1. 60
1. 52
1. 58
2.32
2. 47
2.80
2 54
2. 70
2.92
3.03
2. 52
1.65

1. 61
1. 63
1.60
1.53
1.59
2.31
2. 46
2.79
2 53
2.70
2.89
3.00
2. 55
1. 66

1.74
1.62
1 . 59
1.53
1. 58
2.30
2. 46
2.80
9 54
2.71
2. 92
3.02
2. 54
1.66

1.78
1.62
1.59
1.52
1.57
2.32
2.47
2.82
2 5"
2.72
2.94
3.03
2. 56
1.65

1.76
1.62
1. 59
1 52
L59
2.32
2.46
2.81
2 55
2.72
3.02
3.13
2.54
1. 66

1.79
1.63
1.59
1.53
1.59
2.32
2.46
2.81

2.69
2.67
2.75
3.28

2.68
2. 69
2.75
3. 26

2.67
2.68
2.74
3.26

2.68
2.71
2.74
3.26

2.69
2.72
2.76
3.27

2. 68
2.70
2.73
3. 25

2.70
2 72
2^74
3.26

2.81
2. 25
3^24
2.91
3.34

2.84
2.28
3.27
2.96
3.37

2.79
2.28
3.28
3. 00
3.37

2.84
2.30
3.31
3.01
3.40

2.84
2.30
3.32
3.02
3.42

2 83
2.31
3.32
2 97
3.42

2.32
2.24
2.68

2.32
2.26
2.69

2.32
2.26
2.70

2.33
2. 34
2.76

2. 32
2! 30
2.74

2.31

2.72
3.02
3.12
2.52
1.67

1.81
1.63
1.60
1.54
1.60
2.32
2.46
2 82
2.54
2.72
3.02
3.14
2.53
1.67

1.88
1.64
1.60
1.54
1.59
2.33
2.47
2. 83
2. 55
2.73
3.03
3.15
2. 55
1.68

1.89
1.64
1.61
1.54
'1.58
' 2. 34
'2.48
'2.84
2.57
2.74
3. 02
3.15
2.56
1.68

2.74
2.71
2.81
3. 29

2.72
2.70
2 87
3.27

2.69
2.71
2.68
3.25

2.71
2.73
2.72
3.25

2.70
2.71
'2.69
3.26

2.83
2.31
3.38
3.04
3.46

2.97
2.31
3. 39
3. 05
3.47

2.94
2.30
3.40
3.03
3.48

2.91
2. 29
3.37
3.00
3.46

2.96
2.30
3.38
3.03
3.47

2.92
2.31
3.38
' 3. 05
'3.48

2.33
2.30
2. 75

2.37
2. 32

2.38
2.32
2. 76

2.38
2.32
2.77

2.39
2.32
2.76

2.38
2.33
2.77

'2. 39
2.34
r
2.77

1.90
1.64

pl.8f>
pl.6.

1.57
2.36

pl.59
P 2. 36

2.83
2.61

P 2. 83
p 2. 62

3.04

p 3. 04

2. 59
1.68

p 2. 60
pl.67

2.836
4.197
3.822

2. 851
4. 215
3. 845

2.32

2.31

2.33

2.33

2.33

2.33

2.34

2.34

2.35

2.36

2.37

1.82
1.45
2.01
2.07

1.82
1.45
2.01
2.07

1.81
1.44
2.01
2.04

1.82
1.45
2.03
2.01

1.83
1.45
2.04
2.05

1.82
1.44
2. 07
2.05

1.78
1.40
2.03
2.02

1.84
1.47
2 06
2.03

1.84
1.46
2.06
2.00

1.83
1.46
2.06
2.04

1.85
1.47
2.08
2.06

1.86
'1.48
2.09
2.09

1.22
1.22
1.43

1.22
1.22
1.41

1.22
1.22
1.41

1.23
1. 23
1.42

1.24
1.23
1.43

1.24
1.23
1.41

1.25
1.23
1.42

1.23
1.23
1.42

1.24
1.23
1.42

1.24
1.24
1.42

1.24
1.24
1.42

'1.26
1.25
1.43

2.708
4. 036
3. 635

2.724
4.067
3.664

2.734
4.077
3. 695

2.739
4.090
3.712

2. 739
4.090
3.718

2.745
4. 095
3.727

2.747
4.099
3.728

2. 765
4.118
3. 736

2. 765
4.119
3.747

2.765
4.120
3.747

2.775
4.133
3.760

2.815
4.163
3. 791

2. 581

1.02
2.621
2.11

2.592

2.645

90
2. 650
2 21

2.646

2. 655

1 08
2. 656
2 03

2.703

2.641

1 04
2.687
1.96

3.9
2.3
3.3
1.1
1.7

2.9
1.7
3.6
1.1
2.0

3.8
1.9
4.3
1.5
2.2

3.8
1.9
4.4
1.9
2.0

2.8
1.5
3.8
1.0
2.2

2.3
1.0
3.9
2. 7

1.9
.7
4.1
.6
3.0

3.1
1.0
4.3
.7
3.0

2.7
.9
3.6
.6
2.5

3.3
1.0
3.4
.7
2.2

3.4
1.1
2.8
.8
1.5

'3.7
1.5
'2.8
.8
'1.4

P4.0
P2.1
P2.7
pl.Q
P12

400
214

319
125

361
134

271
131

258
106

192
53

110
28

170
80

210
120

220
55

320
94

430
120

330
140

629
314
2,950

530
233
2, 140

554
221
1,700

500
209
1.650

432
146
1,500

368
85
732

250
53
458

300
100
700

330
150
940

350
75
610

460
126
1.180

620
165
1,530

570
211
1, 760

430

378

365

342

417

440

520

551

Road-building wages, common labor (qtrly)_-_do

1.04

LABOR CONDITIONS
Labor turnover in manufacturing establishments:
Accession rate total
mo rate per 100 employees. New hire^
do
Separation rate total
do __
Quit
do
Lavoff
do ._
Industrial disputes (strikes and lockouts):
Beginning in month:
Work stoppages
number.
Workers involved
thousands
In effect during month:
Work stoppages
number__
Workers involved
thousands _ _
Man days idle durin? month
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
_
thousands. _
Unemployment insurance programs:
Insured unemployment, all programs!
do
State programs :f
Initial claims
_ _ _ _ _ _ d o ..
Insured unemployment weekly average do
Percent of covered emplovmentcf
Beneficiaries, weekly average
thousands-Benefits paid
mil of dol
Federal employees, insured unemployment
thousands
Veterans' program (UCX):*
Initial claims
do
Insured unemployment, weekly average.- .do
Beneficiaries, weekly average
do
Benefits paid
mil of dol
Railroad program:
Applications
thousands
Insured unemployment, weekly average_-.do
Benefits paid
_ _ _ _ _ mil. o f d o l _ _

537

491

556

584

517

1, 700

1, 826

1, 804

1,781

1,839

2,225

2, 847

3, 515

3,638

3, 403

'3,006

1,197
1, 588
4.0
1,447
198. 9

1, 426
1,686
4.3
1,392
183.8

1,407
1,657
4.2
1,399
206. 3

1,206
1, 598
4.0
1,418
201. 8

1, 393
1, 678
4.2
1, 395
189. 9

1,744
2, 039
5.1
1, 603
231.1

2, 175
2, 639
6.6
2, 069
300. 2

2. 381
3, 266
8. 1
2 722
397. 6

1,919
3, 394
8.4
2,984
399. 3

1,709
3,168
7.8
2, 899
461.5

1,468
2, 779
6.8
2, 664
362. 5

1,368
2,328
5.7
2,138
320. 1

1,229
1,991
4.9
1,880
264. 4

29

30

30

28

30

33

35

40

41

40

36

33

31

27
45
44
6,0

30
49
43
5.5

32
52
48
6.8

27
49
48
6. 4

29
50
45
5.9

33
59
52
7.0

36
71
64
8.6

39
86
81
11.0

33
91
89
11.0

35
91
80
11.6

29
83
95
12.0

26
71
71
10.2

26
61
66
9.0

6
39
7.5

81
61
7.4

31
65
12.1

99
107
18.5

20
82
15.2

23
95
16^0

21
103
18.8

38
123
22 2

13
113
19.7

10
106
22.3

6
107
16.3

6
' 100
20.5

'84

' i 2, 532 i 2, 165

r
Revised.
p Preliminary.
1
Excludes persons under Temporary Extended Compensation program and under extended duration provisions (thous.): 1961—April, 580 and 40, respectively: May, 747 and 11; June,
703 and ]().
9 Includes data not shown separately.
[Beginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'
program (shown separately below).
c? R a t e of covered employment expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data
are available (the lag for covered employment data may range from 6 to 8 months).
* New
series. Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct. 27, 1958).




SURVEY OF CURRENT BUSINESS

S-16
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961
1961

1960

June

July

August

Septem- October Novem- December
ber
ber

February

J anuary

March

April

June

May

July

FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil. of dol._
Commercial and finance company paper, totalt-do
Placed through dealer*^
do
Placed directly (finance paper)*
- _-do

1, 382
4, 553
1,115
3,438

1,561
4,749
1,213
3,536

1, 656
5.019
1,365
3,654

1, 668
4, 650
1, 361
3,295

1, 753
5,184
1,493
3,691

1,868
5,222
1, 505
3,717

2, 027
4,418
1,358
3,060

2,029
5,010
1,465
3,545

2,049
4, 968
1,479
3,489

2,231
4,992
1, 525
3,467

2, 254
' 5. 001
••1,532
3,469

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

4,812
2,487
551
1,774

4,853
2,500
557
1,795

4,871
2,515
562
1,794

4,870
2, 528
589
1,753

4,837
2,538
638
1,660

4,787
2. 548
652
1,587

4, 795
2,564
649
1,582

4.851
2, 581
675
1,595

4,936
2,605
683
1,648

5,023
2,640
665
1,718

5,110
2,669
650
1,790

250, 852
99. 809
50, 415

223, 539
86, 063
45, 254

241, 771
92,435
49,474

240, 772
97, 162
47, 909

Bank debits total (344 centers)
New York City
6 other centerscf

do
- -- do __
do

Federal Reserve banks, condition, end of month:
Assets total 9
do
Reserve bank credit outstanding, total 9
Discounts and advances
United States Government securities
Gold certificate reserves
Liabilities, total 9
Deposits, total 9 _._
Member-bank reserve balances
Federal Reserve notes in circulation

233, 131 235,100
91, 020
89, 905
47, 577
47, 567

256, 905 r 257, 809
101,551 104,473
52, 313
52, 382

r

r
r

2, 203
4, 848
1, 478
3, 370

2,271
4, 851
1 460
3,391

5, 174
2,701
613
1,859

5 242
2,728
595
1,920

222, 804 '265,541 '241,062 '268,910
89, 831 110,455 101,151 111,463
44, 861
53, 354 48, 529
53, 782

1
1

296, 673
135, 032
i 56 370

52, 394

52, 116

52, 009

52, 134

52, 183

51, 962

52, 984

50, 235

50, 438

50, 188

50, 549

49, 811

50, 678

50, 782

do
do _
do
do

27, 869
258
26, 523
19, 029

28, 131
343
26, 885
18, 839

27, 907
405
26, 762
18,709

28, 402
181
27. 024
18, 394

28, 729
193
27, 402
18, 107

28, 731
101
27, 488
17, 610

29, 359
33
27, 384
17, 479

27, 560
60
26, 570
17, 140

27, 866
53
26, 667
17,075

28, 060
115
26, 688
17,099

27, 950
67
26, 772
17,089

27, 806
111
26, 887
17, 095

28, 496
36
27, 253
17,256

28, 628
59
27, 422
17, 223

do___

52, 394

52, 116

52, 009

52, 134

52, 183

51, 962

52, 984

50, 235

50, 438

50, 188

50, 549

49, 811

50, 678

50, 782

do
do
do

19, 126
17, 941
27, 505

19,305
18, 261
27, 612

18, 853
17, 735
27, 621

19,110
17.942
27, 651

19, 120
17,956
27, 680

17, 924
16, 770
28, 066

18, 336
17.081
28, 450

17,268
16, 066
27, 700

17, 355
16,277
27, 548

17,546
16,158
27, 520

17,562
16,419
27, 415

16, 966
16, 107
27 564

17,694
16, 716
27, 778

17, 800
16,856
27, 906

40.8

40.2

40.3

39.3

38.7

38.3

37.4

38.1

38.0

37.9

38.0

38.4

37.9

37.7

466
425
41

508
388
120

540
293
247

639
225
414

638
149
489

756
142
614

769
87
682

745
49
696

654
137
517

546
70
476

618
56
562

549
96
453

'•612
63
549

P584
51
P 533

62 550

62 120

62 156

62 420

88, 229
63, 869
5,572
2,854
11,090

88. 056
64, 168
5,490
2,982
10 805

88. 255
63. 750
4, 932
3,834
10 925

89, 290
63, 986
5,007
4,086
11 216

Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent..
All member banks of Federal Reserve System, averages
of daily figures:*
Excess reserves
mil. of dol
Borrowings from Fed. Reserve banks
_ _do
Free reserves
_
do
Weekly reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month :f
Deposits:
Demand adjusted©
mil of dol
Demand, total 9
Individuals partnerships and corp
States and political subdivisions
U.S. Government

do_ _
do
do
do

86, 779

87, 444

85, 942

87, 977

90, 573

90, 121

93, 215

89, 690

89, 860

86, 044

4,773
4, 996

5,001
4,571

4,846
3,698

4,683
5,551

4, 998
4, 445

4,914
3,537

4, 747
3,979

5, 138
3,105

5, 065
3,838

4,836
2,865

Time total 9
Individuals, partnerships, and corp.:
Savings
Other time

do

33, 086

33, 451

33, 942

34, 334

34, 710

34, 702

35, 386

36, 610

36, 928

37, 498

Loans (adjusted), total®.
_ _ _ _ _ _ _ _
Commercial and industrial
For purchasing or carrying securities. _
To nonbank financial institutions
Real estate loans
Other loans

_ _l o _
do
lo _
lo
do
lo

69. 516
31, 851
2, 948

69, 292
31,312
3, 279

68, 761
31, 174
3,159

69, 552
31,744
3,377

69, 640
31, 861
3,571

69, 278
31,972
3, 150

71,009
32, 156
3, 945

69, 626
31, 294
3, 568

69, 787
31, 531
3, 519

69, 638
32, 203
3,104

12, 862

12, 827

12, 881

12, 874

12, 840

12, 844

12,824

12, 787

12, 766

12, 727

Investments, total
U S Government obligations, total
Notes and bonds

do
lo
lo

35,216
25, 710
23, 866
9, 500

37, 174
27, 429
23, 771
9, 745

37, 400
27, 750
23, 802
9,650

37, 982
28, 180
23, 964
9, 802

39, 504
29, 687
24, 150
9,817

39, 390
29, 690
24,826
9. 700

40, 754
30, 547
24, 944
10, 207

41,361
31,086
24, 994
10 275

41, 187
30, 635
25, 863
10 552

40, 377
29,519
25, 578
10 858

Money and interest rates :§
Bank rates on business loans:
In 19 cities
New York Citv
7 other northern and eastern cities
11 southern and western cities

percent
do
do
do

do
do

4 97
4 74
4. 96
5.32

5 35
5 19
5.34
5 58

4
4
4
5

99
77
97
33

4
4
4
5

r

38, 538

39, 191

39, 712

40, 301

27 919
5 682

28 219
5 922

28 644
6 085

28 862
6 389

70, 153
31,905
3,883
4 960
12. 770
19 456

69,913
31. 460
3,873
5 057
12, 855
19 597

70. 171
31, 769
3,888
5 095
12. 896
19 389

70, 063
31,477
4,120
5 059
I9! 956
19 555

41, 453
30, 590
25, 452
10 863

49. 234
31,397
25, 644
10 837

42, 935
31,976
25, 667
10 959

44, 903
33. 829
26, 285
11 074

4 97

97
75
96
9
9

4 7~)

4 95
5 31

Discount rate, end of mo. (N.Y.F.R. Bank)_..do _
Federal intermediate credit bank loansf
do
Federal land bank loanst _
do _

3.50
5.30
6.00

3.50
5.11
6.00

3.00
4.75
6.00

3.00
4.55
6.00

3.00
4.43
6.00

3.00
4.34
6.00

3. 00
4.21
6.00

3.00
4.05
5.76

3.00
4.04
5.75

3.00
3.99
5.74

3.00
3.99
5.60

3.00
4 00
5.60

3.00
4 00
5.60

3 00

Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
Commercial paper (prime, 4-6 months)
do
Finance Co. paper placed directly, 3-6 mo.*__do
Stock Exchange call loans, going rate
do

3.28
3.81
3.24
5.00

3.13
3.39
2.98
5.00

3.04
3.34
2.94
4.85

3.00
3.39
3.13
4.50

3.00
3.30
3.11
4.50

3.00
3.28
2.91
4.50

2 90
3". 23
2.97
4.50

2.86
2.98
2.78
4.50

2.78
3.03
2.65
4.50

2.94
3.03
2.76
4.50

2.84
2.91
2.58
4.50

2.68
2.76
2.50
4.50

2.75
2.91
2.66
4.50

2.75
2 72
i. 50
4 50

2.641
4.06

2.396
3.71

2.286
3.50

2. 489
3.50

2.426
3.61

2.384
3.68

2. 272
3^51

2.302
3.53

2.408
3 54

2.420
3 43

2.327
3 39

2.288
3 28

2. 359
3 70

2. 268
3 69

Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.,
3-5 year issues
.
__
do _
Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol.
U.S. postal savingsf
_do__.

20, 848
20, 832
20, 874
21,063
21 135
21,051
21 400
21 438
21 500
21 720
21 610
21 652
21 845
21 832
836
823
810
798
788
779
770
760
749
'739
720
700
711
r
l
Revised.
*> Preliminary.
Revised basis of reporting; not comparable with earlier data (June 1961 figure on old basis for 344 centers is $272 billion).
JRovisions prior to May 1960 for total commercial and finance company paper and paper placed through dealers and minor revisions prior to September 1959 for interest rates on Federal
intermediate credit bank loans and Federal land bank loans will be shown later.
*New series (from Board of Governors of Federal Reserve System); for back data, see Federal Reserve Bulletins.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
tRevised effective with the August 1961 SURVEY to reflect new coverage and revised classification of deposits (for details and available back data, see the June and July 1961 issues of the
Federal Reserve Bulletin).
©For demand deposits, the term "adjusted" denotes demand deposits other than domestic commercial interbank and U.S. Government, less cash items in process of collection; for loans,
exclusive of loans to domestic commercial banks and after deduction of valuation reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
§For bond yields, see p. S-20.
^jData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).




SURVEY OF CURRENT BUSINESS

August 1961

S-17

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

June

July

August

1961

Septem- October Novem- December
ber
ber

January

February

March

April

May

June

July

FINANCE—Continued
CONSUMER CREDIT f
(Short- and Intermediate-term)
mil. of dol__

53, 662

53, 809

54, 092

54, 265

54, 344

54, 626

56.019

55, 021

54 102

53, 906

53, 972

54, 390

54, 786

__do

41, 752

42, 050

42, 378

42,517

42, 591

42, 703

43.281

42, 782

42 264

42, 058

41, 988

42,127

42, 441

A utomobile paperr
Other consumer ° oods paper
Repair and modernization loans
Personal loans

do
__do
do
do

17,755
10,462
2, 905
10, 630

17, 893
10. 452
2, 934
10,771

18, 020
10,477
2, 975
10, 906

18,021
10, 543
3. 001
10, 952

17, 992
10, 625
3,013
10,961

1 7, 967
10,715
3. 020
11,001

17, 866
11,215
3 008
11, 192

17 611
1 1 , 050
2 967
11,154

17
10
2
11

383
793
935
153

17 265
10, 679
2 922
11,192

17 200
10, 585
2 922
11,281

17,242
10, 602
2 943
11,340

17,358
10,666
2 958
11, 459

By type of holder:
Financial institutions total
Commercial banks
Rales finance companies
Credit unions
Consumer finance companies
Other

do
__do__ _
do
- do
do
do

36, 481
16, 145
10,945
3, 626
3, 957
1, 808

36. 857
16,239
11.062
3, 679
4,049
1,828

37, 199
16. 362
11.142
3, 754
4, 099
1 842

37,318
16,416
11. 154
3. 795
4,111
1 842

37 330
16, 408
11.147
3, 833
4, 097
1 845

37, 368
16, 402
11,141
3, 870
4, 107
1 848

37 502
16. 398
11, 134
3. 906
4.212
1 852

38 186
17.261
1 1 . 030
3, 860
4 179
1 856

37 7QO
17,001
10 914
3 863
4 151
1 861

37 542
16, 860
10, 787
3, 897
4,131
1 867

37 434
16, 776
10, 733
3.937
4, 133
1 855

37 462
16, 776
10,696
3, 991
4,133
1,866

37, 663
16, 804
10, 768
4,074
4, 151
1,866

do
do
do__ _
do
do

5, 271
2, 073
1, 132
512
1, 554

5, 193
2, 020
1.124
516
1 r33

5 179
2, 012
1, 132
520
1,515

5. 199
2. 049
1,129
519
1, 502

5 261
2. 103
1,130
518
1, 510

5 335
2,155
1, 140
517
1, 523

5 779
2.401
1, 189
513
1, 676

4 596
1,342
1,151
504
1,599

4 516
1,442
1,092
491
1,491

4 554
1,527
1, 077
488
1, 462

4 665
1, 634
1,071
488
1,472

4,778
1,732
1, 076
490
1,480

do

11,910

11,759

11,714

11,748

11,753

11,923

12, 768

12, 239

11.838

11,848

11, 984

12, 263

12, 345

• i 1 h nk^*'

do

Other financial institutions*

do

4, 294
3, 6S2
612

4, 265
3, 663
602

4, 276
3, 656
620

4, 317
3,715
602

4,272
3 692
580

4, 301
3,711
590

4,311
3, 737
574

4 314
3,740
574

4 381
3 789
592

4 417
3,793
624

4, 402
3,842
560

4, 524
3, 904
620

4, 547
3, 970
577

do
do
do
do
- - --do

4,423
633
3, 382
408
3, 193

4,311
5843, 295
432
3,183

4,277
584
3, 236
457
3. 161

4,283
625
3. 199
459
3,148

4. 370
661
3, 266
443
3,111

4, 463
709
3, 326
428
3, 159

5. 187
941
3, 801
445
3, 270

4, 599
805
3, 346
448
3, 326

4,037
669
2. 926
442
3. 420

4,004
637
2, 926
441
3,427

4, 096
631
3, 035
430
3, 486

4, 274
634
3,210
430
3,465

4, 349
624
3, 286
439
3, 449

do
do
do

4, 615
1,733
1. 267
1, 615

4, 156
1,473
1,085
1, 598

4, 365
1,570
1,165
1,630

4,010
1,372
1. 173
1,465

4 012
1.407
1,207
1, 398

4,067
1,364
1,217
1,486

4 641
1.248
1 , 654
1, 739

3 473
1,130
1,012
1,331

3 241
1,051
888
1,302

3 995
1, 330
1. 125
1, 540

3 765
1,247
1, 053
1, 465

4 280
1,461
1,219
1,600

4,402
1,525
1,214
1,663

do
do
do
do _

3,988
1,409
1,144
1,435

3, 858
1,335
1,095
1,428

4, 037
1,443
1, 140
1,454

3.871
1,371
1, 107
1 , 393

3, 938
1.436
1,125
1,377

3, 955
1,389
1. 127
1 , 439

4, 063
1,349
1,154
1, 560

3,972
1, 385
1,177
1,410

3, 759
1.279
1, 145
1,335

4,201
1, 448
1,239
1,514

3, 835
1.312
1, 147
1, 376

4,141
1.419
1,202
1,520

4,088
1, 409
1, 150
1, 529

do
do
do
do

4, 313
1,538
1,248
1,527

4,214
1,417
1,168
1, 629

4, 072
1,422
1,112
1,538

4, 125
1, 422
1, 162
1, 541

4, 108
1,460
1, 165
1 , 483

4. 134
1.482
1, 159
1 . 493

4, 007
1, 325
1.200
1,482

3. 869
1,239
1,185
1. 445

3. 803
1.190
1.131
1.482

4,002
1,288
1,212
1,502

3, 883
1,243
1,145
1, 495

4, 001
1,315
1 , 1 58
1,528

4,116
1,347
1, 190
1, 579

do

3, 934
1, 392
1, 135
1,407

3,997
1,385
1,148
1, 464

3, 918
1,388
1,123
1, 407

3, 958
1,375
1, 141
1,442

3, 994
1,417
1, 147
1,430

3, 946
1.397
1,119
1,430

3,931
1,356
1,156
1,419

3,972
1,387
1,154
1,431

4, 01 1
1,363
1,191
1,457

3, 954
1,353
1, 163
1, 438

4, 022
1, 388
1, 186
1,448

' 3, 974
'1,305
"1,148
c 1,461

4,016
1, 386
1,137
1, 493

do

12, 804
10, 891
90

3, 976
3,128
84

8, 590
6, 454
93

10, 21 1
8,981
87

3, 641
2,823
92

7, 900
6, 300
91

8, 751
7, 643
80

5, 537
4, 846
82

9.153
6, 537
70

11,878
8, 524
88

7, 359
5,125
73

9, 767 p 12,642
6, 467 p 10,749
P 84
85

d
do
_ _ do

4,125
5, 530
1, 155
1,903

1, 401
670
383
1,439

4 996
409
1, 608
1,484

4, 486
3, 492
792
1,354

1, 296
481
389
1,383

4, 648
455
1,295
1,411

2,974
3,331
596
1,770

3,198
534
348
1,375

5 567
444
1,814
1,258

3,171
5.799
1,348
1,472

4, 319
493
736
1,738

5 699
411
2. 020
1, 551

p
p
p
p

6, 521
801
428
3,987
1, 573

6, 172
806
404
3,471
1,533

6 803
751
461
3, 976
1,645

6, 793
736
416
3, 910
1,746

6, 829
748
422
3, 728
1,934

6, 773
734
436
3,884
1,727

6.847
765
438
4,217
1,638

6, 470
775
444
3, 693
1, 612

6 236
719
431
3,778
1,344

7 012
726
480
4,279
1, 528

6 450
722
443
3,754
1, 532

7 169
717
441
4,144
1,874

p 7. 94*
P 763

286, 331
283, 241
238, 342
10, 360
44, 899
3, 090

288, 338
285, 285
241, 088
10 559
44, 198
3,053

288, 672
285, 634
240,413
10 641
45, 222
3,038

288, 423
285, 358
240, 382
10 487
44, 977
3, 065

290, 487
287, 372
243, 097
10 671
44, 275
3,115

290, 414
287, 138
242, 578
10 748
44, 561
3, 276

290, 217
286, 820
242,474
10 639
44, 346
3, 396

290, 036
286, 651
242, 827
10 661
43, 824
3,385

290, 544
287, 190
243, 462
10 677
43, 727
3, 354

287, 471
284, 058
240, 057
10 788
44, 001
3,414

287, 987
284, 631
241,619
10 865
43,012
3,356

290, 146
286, 845
242, 342
10 926
44i 503
3,300

288, 971
285, 672
240, 629

292, 404
288, 998
244, 800

45, 043
3, 299

44, 198
3,406

Total outstanding end of month
Installment credit total

Retail outlets total
Department stores
Furniture stores
\utomobile dealers
Other

-

Nonin^tallment credit total
k

P

Charge accounts, total
Department stores*
Other retail outlets*
Credit cards*
Service credit

-

Installment credit extended and repaid:
Unadjusted:
\utomobilepaper
Other consumer goods paper
\11 other
Repaid total
Automobile paper
Other consumer ^oods paper
All other
Adjusted:
Extended, total
Automobile paper
Other consumer goods paper.
All other
Repaid total
Other consumer goods paper
All other

do
do

4 474
1 , 348
1,121
497
1 fins

:::;;;:::

FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
"Receipts total

_ _ _ mil. ofdoL-

Customs
P
t'°
ta
Employment taxes
Other internal revenue and receipts _

Interest on public debt
Veterans' services and benefits
M^aior national security
All other expenditures

__

do
do
do
do

Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
do
Interest bearing, total
___
_ _ _ _ _ do _
Public issues
do
Special issues
Noninterest bearing

_

_

_ _

do
do

4, 387
5, 246
1, 173
1,752

239
140
134
153
161
219
240
159
156
160
225
157
196
211
Obligations guaranteed by U.S. Govt., end mo._do
U.S. savings bonds:
47, 824
47, 620
47, 629
47, 754
47, 578
47, 553
47, 808
47, 596
47,605
47, 527
47, 621
47, 678
47, 665
47, 712
Amount outstanding, end of month
do
342
340
326
354
456
348
370
355
346
416
348
340
435
371
Sales series E and H
do
423
527
683
398
455
575
559
433
476
453
413
489
448
436
Redemptions
_ _
do
LIFE INSURANCE
Institute of Life Insurance:^
Assets, total, all U.S. life insurance companies
116,377 117, 005 117, 581 117, 947 118, 544 119,066 119,717 120, 467 120, 951 121, 469 121, 921 122 462 122, 861
mil of dol
Bonds (book value), domestic and foreign, total
58, 619
57, 557
57,877
58, 398
58, 685
59 092
59 364
59 545
59, 864
58, 164
59 240
58 031
mil of dol
59 735
6, 559
6,524
6, 547
6,444
6,632
6, 545
6, 535
6,488
6, 401
6,592
6,586
6 542
U S. Government
do
6 551
3,622
3, 317
3,579
3,605
3, 779
3,421
3, 464
3,671
3,702
3, 735
3, 546
3,769
3,774
State, county, municipal (U.S.)
do
15, 834
15 844
15, 875
15, 924
1 5, 942
15 962
16 027
15, 843
15, 967
15 868
15 976
15 985
15 994
Public utility ( U S )
do
3, 766
3,770
3,732
3,758
3,749
3,750
3,715
3, 756
3,711
3 712
3, 706
3, 694
3 695
Railroad ( U S )
do
24, 998
25, 108
25, 225
24, 473
24,609
25, 420
25, 564
24, 729
24, 743
25, 672
25, 757
25, 875
Industrial and miscellaneous (U.S.)
__do
25, 485
r
Revised.
*> Preliminary.
fRevised series (to incorporate more comprehensive information recently available, other changes, and to include data for Alaska beginning January 1959
and for Hawaii beginning August 1959). Revisions for installment credit extend back to June 1956; those for noninstallment credit, back to January 1947. For revisions prior to November
1959, see the December 1960 and November 1959 issues of the Federal Reserve Bulletin.
*For data prior to March 1959, see Federal Reserve Bulletins.
IData for net receipts and total expenditures reflect exclusion of certain interfund transactions; comparable data for July 1958-July 1959 will be shown later.
cf For data prior to January 1959, see Treasury Bulletins.
JReviDigitized
FRASER
sionsc forfor
January-October
1958 will be shown later.
Corrected.
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS

S-18
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961

1960

June

July

August

1961

Septem- October Novem- December
ber
ber

January

February

April

May

June

4,249
1,958
2,228
42, 553
39 525

4,336
2, 019
2, 254
42. 723
39, 670

4. 340
2,035
2,241
42, 905
39 827

823
409
9
19
068

3 827
5 461
1 228
5 058

3,837
5 508
1 303
5 020

3 856
5 553
1 270
5 073

March

July

FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance© — Continued
Assets, all U.S. life insurance companies— Con.
Stocks (book value), domestic and foreign, total
mil. of dol_.
Preferred ( U S )
do _ _
Common (U.S.)
_
do___
Mortgage loans, total _
_
do
Nonfarm
do

3,788
1,723
2, 019
40, 631
37 722

3,828
1,790
1,988
40, 694
37, 769

3,881
1 818
2,010
40, 920
37. 982

3, 885
1 836
1 , 996
41,099
38, 153

3,941
1,871
2,017
41.313
38 356

3,980
1 876
2,050
41,521
38,553

4, 054
1,895
2, 1 02
41,798
38, 803

4,095
1 914
2. 126
42, 008
39 021

3, 786
4, 957
1,213
4 445

3,809
5, 029
1, 225
4, 543

3,822
5 085
1,229
4 613

3,828
5 138
1,178
4 655

3, 834
5 182
1, 268
4 608

3,851
5 225
1 233
4 037

3, 804
5 267
1 332
4 777

3 813
5 303
1 278
4 878

3
5
1
4

6,325
1,106
611
4, 608

6,144
1,473
558
i 4, 113

5,725
1,091
567
4. 067

6 230
1,289
587
4, 354

6 829
1,711
550
4 568

7, 255
1,870
480
1
4 905

5 187
1 157
501
3 529

5 458
944
544
3 970

9 012
3, 656
634
4 722

6 297
1 250
592
4 455

6 595
1, 154
677
4 764

6 255
1, 141
628
4 486

do
do _..
do
do
do
do __

279
953
865
366
606
218

247
850
791
340
537
189

269
893
872
355
568
204

238
787
796
331
539
198

260
874
856
337
587
237

293
963
873
342
601
223

295
967
927
379
633
263

215
715
692
285
463
167

256
795
327
591
191

295
968
946
383
616
219

282
948
846
356
586
227

292
974
890
383
643
230

282
953
833
357
605
221

West South Central
.
do __.
Mountain
_.
do___
Pacific (incl \la^ka and Hawaii)
do
Institute of Life Insurance: t
Payments to policyholders and beneficiaries, estimated total
mil of dol
Death benefits
do
Matured endowments
_
_ - do
Disability payments
...do...

464
202
574

401
180
505

421
201
551

393
190
524

392
192
543

412
213
568

463
236
656

340
171
481

382
191
529

452
222
621

422
215
572

469
234
648

435
210
590

672. 9
280. 0
57.3
9.9

605.7
251.4
48.4
9.7

679 4
292.2
51.4
10.7

633 3
260. 9
50.9
9.6

626 1
258. 4
52.8
10.3

660 7
283 1
57.5
10.1

853 7
295 7
58.4
11.5

711 2
304.2
62.9
11.9

683 2
292 2
56 5
10.2

796 7
325.2
64.1
11.5

681
272
56
10

7
6
4
8

741 6
316 8
60.6
11.1

739 9
307 5
59 2
11.7

do
do
do

60.8
134 7
130.2

59.4
132 1
104.7

59.5
142 4
123.2

56. 5
125 9
129.5

58. 8
132 9
112 9

59 3
135 0
115 7

56. i
l-i? 2
284 8

81.2
138 5
112 5

61 9
139 8
122 6

65 6
165 6
164 7

61 0
154 0
126 9

62 9
161 4
128 8

63 8
149 7
147 3

do
do
do
do
do

<*2,771.2
« 539. 6
240.7
« 321. 8
173.0
1,496.0

17, 390
92
89 673
1 704

17, 403
152
133 075
1 659

17,550
254
98 118
1 8^7

70, 100
13 700
3,700

13 100
3 200

13 400
3, 300
1 841
3. 363
.914

740
3 648
.914

Real estate
do
Policy loans and premium notes
do
Casb
do
Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :t
Value estimated total
mil. of dol
Group and wholesale
do._ _
Industrial
.
do
Ordinarv total
do
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central

.
.

-

Annuity pavments
Surrender values
Policy dividends
Life Insurance Association of America:
Premium income (39 cos.), quarterly total
Accident and health
Annuities
Group
Industrial

1

1

6,093
1,101
580
4, 412

1

1

1

2, 815. 5
552. 0
256.8
357. 0
170. 1
1, 479. 6

4.150
1 , 936
2, 1 57
42.143
39 152

4, 235
1 945
42, 351
39 317
3
5
1
5

822
345
269
(
>82

3, 252. 1
612.7
329 2
348. 4
286 7
1 675 1

2, 941. 5
570. 0
270 9
351.0
169 3
1, 580. 3

MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of mo.)
Net release from earmark?
Exports
Imports

mil. of doL.
do
thous of dol
do

19,322
— 102
121
76, 649

_2'?9

148
49, 096
2

19,005
-151
39
11,954

18, 685
-319
167
5,376

18,402
-397
270
125 558
2
2

17,910
— 512
172
19 556
2
2

17,441
322
22 463
2 779

17. 767
— 145
123
3 397

17, 373
3
49 138
2 209

17,388
161
140 284
3 091

66, 700
12 600
2,900

2

700
800
300
900

2 93, 100
2
67, 700
12,900
5, 000

2 074
4, 39C>
. 914

2 466
4, 251
.914

1 801
5, 864
.914

1 754
3, 999
.914

3 093
3, 039
.914

3 667
4. 638
.914

4 673
4,105
.914

3 188
3. 658
.914

4 670
4, 502
.914

4 503
4. 580
.914

2, 920
3,100
2,817

2. G50
3,941
3.115

2, 468
3, 622
2,415

2 878
3, 500
2,918

3, 086
3, 521
3, 405

3, 483
4. 117
4, 111

2,515
4, 280
3, 325

2. 524
3, 460
3,190

2,876
3, 590
3. 285

2 424

3.974

3. 580

3. 834

32. 0
252 9

32. 0
r (

32. 1

9)> 2

2.8
7.4

30
6. 6

32. 0
255 1
2. 9
8.7

31
7. 1

32. 6
9
57 0
31
6.5

32. 9
263 °
3°
7. 1

31.8
259 2
31
4.5

31.8
259 5
3 1
6.9

31.9
°58 9
3 3
5.3

31.8
260 6

3.2

32.2
261 6
1 i
5.9

32.4
264 0 !
1 3 '
r
6. 9

239. 8
107. 8
1 03. 7
28.3

242.6
110. 1
104.2
28.4

242. 7
108.9
105.2
28 5

243. 6
109. 3
106. 0
28.3

247.2
112.2
106. 7
28 3

247. 3
111.9
106. 7
28 7

252. 9
115.1
108. 5
99 4

251.6
114.7
109.0
28 0

249. 5
110.6
110.7
28 9

250. 2

111.9
28 0

254. 2
113.6
112.7

254. 6
110.6
115. 6

61. 3
35.7
26. 4

58.9
34.2
25.5

65. 5
36.7
26. 6

68. 5
35. 8
26. 0

60 0
34. 9

63 5
35. 8
26.2

57 8
34.3
25. 1

63 0
36. 5
25. 7

63 7
35 8
25.7

67 1
35.4
26.2

Production, reported monthly total?
do .. 291,600
2
67, 600
A frica
do
Canada
do
13 500
United States
do _ _
3, 900
Silver:
3 545
Exports
do
6, 649
Imports
_
do
.914
Price at New York
dol. per fine oz_.
Production:
2,971
Canada _ _
thous. of fine o z _ _
Mexico .
_._ ..do
3, 565
United States
. . do ... 3,278
Money supply (end of month, or last Wed.):
32.1
Currencv in circulation __ _ _ . __ b i l . o f d o L .
251.0
Deposits and currency total
do
2 9
Foreign brinks deposits, net
do
8.2
U.S. Government balances
do
Deposits (adjusted) and currency, total!
do
Demand deposits, adjusted*!
do
Time deposits, adjusted1!
do
Currency outside banks
do
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas, adjusted:!
New York City
ratio of debits to deposits
P> other ccnterscf
do .
337 other reporting centers
do

19, 144

92,
2
67,
13
4,

500
800
800
500

22 92,
67.
13
4,

92, 600
' 67, 500
14 100
4,400

92, 000
67, 500
13 700
4, 300

2

66, 400
13 800
3. 900

2

67, 900
13 °00
3,200

2

no. 3

3 9

97 Q

9g 4

255.7
110.8
116.6 ;
9R X •

68 0
36 9
25.7

74 6
38.0
26. 9

70 6
P 37 9
* 26 7

17.527

.914

9f'!~ 3

1 3
(1.8

113! o

117.6
->g 5

PROFITS AND DIVIDENDS ( Q U A R T E R L Y )
Manufacturing corporations (Fed. Trade and SEC):O
Net profit after taxes, nil industries
mil. of dol..
Pood and kindred products
do
Textile mill products
_
do
Lumber and wood products (except furniture;
mil. of dol__
Paper and allied products
do. _.

4,081
305
80

3,612
349
80

3,513
70

2. 900
262
36

34
45
—4
144
159
141
121
2
Revised.
P Preliminary.
1 Includes revisions not distributed by regions.
Excludes Republic of the Conge.
° Revisions for 1st quarter, 1960 (mil. d o l . ) - Premium income
— t o t a l , 2,824.3; accident and health, 522.5; group, 344.3. ©See footnote "t" for p. S-17.
{Insurance written includes data for Alaska beginning 1957 and for Hawaii beginning 1958; revised figures for 1958-April 1959 and Jan. -April 1960 (including those States) will be she
later. Payments to policyholders, etc., include data for Alaska beginning January 1959 and for Hawaii beginnins: September 1959. § Or increase in earmarked u'old ( _ ).
9 Includes data for the following countries not shown separately: Mexico; Brazil: Colombia; Nicaragua; Australia; and India.
IThe 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.
T

.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
©Effective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with
previously published data. Comparable data for 1st quarter of 1958 are available upon request.




August 1061

S-19

SUKVEY OF CUKRENT BUSINESS

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1960

June

July

1961

DecemAugust SeptemOctober November
ber
ber

January

February

March

April

May

June

July

FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporations© — Continued
Net profit after taxes— Continued
Chemicals and allied products
mil. of dol
Petroleum refinin 0 "
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
Flectrical machinery equip and supplies 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, profits after taxes (Fed. Res.)
mil of dol
Transportation and communications (see pp. S-23 and
S-24).

559
623
187
141
263

504
738
177
116
132

441
832
117
95
150

421
783
44
104
103

123
^315
265

131
226
250

55
185
239

47
191
206

74
504
432

50
191
487

35
416
426

61
254
269

2,024

1, 953

2, 302

2,008

422

418

452

523

3

SECURITIES ISSUED
Securities and Exchange Commission:!
Estimated cross proceeds total
By type of security:
Bonds and notes, total
Corporate
Common stock
Preferred stock ._
By type of issuer:
Corporate total 9
Manufacturing
Extractive (mining)
Public utility
Railroad
Communication
Financial and real estate

2 502

1 637

3 187

1 808

1 814

1, 986

1,947

1 774

5 455

2 161

3,395

4 402

do
do
do
do

2 237
859
231
34

1, 511
651
106
21

3,012
821
141
34

1,680
619
91
37

1 664
778
105
45

1, 852
875
118
16

1, 816
764
86
45

1,645
472
99
30

5, 288
529
130
37

2,007
542
125
29

2,227
1,067
1,111
57

4,082
994
229
91

do
do
do
do
do
do
do

1 124
201
2
371
46
62
303

777
189
24
143
31
58
287

996
233
9
226
16
168
224

747
169
5
307
16
96
74

998
1%
9
215
8
256
150

1.009
283
14
320
3
27
245

895
218
22
183
11
101
249

601
173
15
140
28
21
149

695
106
28
163
17
41
228

696
286
17
85
23
90
97

2,235
602
10
224
10
1,044
246

1 314
478
9
450
14
94
146

do
do
do

1 378
350
978

860
353
475

2 191
1 371
607

1 062
338
682

886
345
313

- 976
326
496

1, 052
348
490

1,173
455
706

4, 760
4,069
660

1,465
434
756

1,159
348
710

3,088
2 245
625

do

1 092

760

976

731

910

988

879

590

682

679

2,206

1,286

do
do
do
do
do

992
603
389
48
52

657
325
331
24
79

895
614
281
10
71

671
541
130
5
55

830
627
204
20
60

805
466
339
32
152

749
496
253
27
103

552
359
192
10
28

612
304
308
14
56

484
289
195
118

2,042
1,712
331
91
73

1,052
802
950
63
171

do
do

978
297

475
280

607
505

682
199

343
254

496
499

490
279

706
334

660
496

756
397

710
201

625
382

' 1,03,5
'279

366
3,188
1,016
2,272

361
3, 113
1,018
2,229

362
3,220
1,021
2, 236

356
3, 259
1,059
2.320

377
3,243
1,063
2, 300

3SO
3, 240
1, 062
2, 268

390
3,317
1, 135
2, 275

413
3,330
1,269
2,038

453
3, 426
1,392
1,999

427
3, 656
1 , 507
1,997

433
3, 986
1,508
2,351

453
4, 100
1 453
»• 2, 587

415
4, 066
1,280
2, 815

91.30
91.44
81.98

93.15
93.32
81.98

93. 25
93. 40
82.35

93. 09
93.27
81.19

92 82
92 99
81 48

91.70
91.87
80.64

93. 21
93. 38
82.12

92. 96
93.10
82. 61

92. 50
92. 60
84.00

93 71
93 85
83 39

93. 84
93. 98
83.38

93 72
93 87
83 26

94.2
103. 1
86. 50

94.8
103. 9
88.12

96.4
106. 7
88. 93

96.7
106. 7
88.57

96. 0
105. 8
87. 50

95.5
107.7
87. 23

95.1
107. 9
87. 84

95. 6
108.1
87.70

96.3
109.7
88.74

97.0
108.9
89. 07

96. 3
108. 0
88.80

96.0
109.0
89. 74

95.0
106.8
87.83

156, 527
150.183

115,992
121,746

133,723
134, 804

107, 194
109, 017

117, 722
118. 667

115,575
122, 200

142, 969
152,457

151,316
159,281

181,222
171,061

247, 683
222 731

184.047
163, 398

172 926
167 307

15" ?61
143 980

153,990
147. 589

114,373
119.997

130,349
132, 295

104, 218
106, 038

115,822
116,622

113,600
120, 176

140,639
150,051

148. 7'H
1 56, 486

174,488
167. 232

237, 560
217,274

176. 003
159, 346

167 657
163 103

148 002
140 970

120, 465
0
120, 465
115, 173
5, 292

93, 696
0
93. 696
87, 282
6, 414

109, 148
0
109, 148
102, 913
6, 235

93, 925
0
93, 925
88, 783
5,142

99, 342
0
99, 342
92, 887
6, 455

109, 300
0
109,300
101,281
8.019

130, 176
0
130. 176
122,924
7. 252

144, 698
0
144, 698
138,053
6, 645

137, 643
0
137, 643
132, 409
5, 234

178,008
2
1 78, 006
170,782
7, 224

138,037
0
138, 037
132, 002
6, 035

140,817
0
140,817
134 509
6, 308

106,876
104, 039
1, 622

108, 994
106, 149
1.602

110,058
107, 192
1, 608

110,100
107, 273
1,585

109,859
107, 004
1,613

106, 289
103, 465
1,596

108, 257
105, 423
1,599

107,981
105,132
1,601

107, 594
104, 722
1,619

109,937
107, 070
1, 606

110,318
107, 468
1,601

110.427
107 604
1, 570

mil of dol

Noncorporate, total 9
TT S Government
State and municipal
New corporate security issues:
Estimated net proceeds, total
Proposed uses of proceeds:
New money total
Plant and equipment
Working capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer) :
Ijong-term
Short-term

440
240

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 (net)
Money borrowed

mil of dol
do
do
do

Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
tota.U
-_
dollars
Domestic
do
Foreign
do
Standard & Poor's Corporation:
Industrial, utility, and railroad (A 1-1- Issues):
Composite (21 bonds) c?
dol. per $100 bond._
Domestic municipal (15 bonds) .
do
U.S. Treasury bonds, taxable!
do
Sales:
Total, excluding U.S. Government bonds (SEC):
All registered exchanges:
Market value
thous of dol
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, total§
thous. of dol _
U.S. Government
do
Other than U.S. Government, total§ _
do
Domestic
do
Foreign
_ _
_
do
Value, issues listed on N.Y.S.E., end of mo.:
Market value, total, all issues^
_ _
mil. of dol_.
Domestic
do
Foreign
do

r

94.5
106. 7
87. 57

117,060 117.004 118,018 118,271 118,357 115. 909 116,147 116, 163 116,315 117,312 117,565 117,825
Face value, total, all issues§.
do
113.780 113,748 114, 763 115,015 115,074 112,625 112,895 112 920 113 089 114 088 114 347 114 633
Domestic
do
1,955
1,979
1,952
1,953
1. 979
1,947
Foreign
do
1,980
1,938
1.927
1, 920
1,886
1,926
T
]
Revised.
Revisions for 1st qtr. 1960 (mil. dol.): Machinery (except electrical), 257; all other, 396.
©See corresponding note on p. S-18.
JRevisions for January-March 1959 and January-March 1960 will be shown later.
9Includes data not shown separately.
§Data include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds.
cf Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.




SURVEY OF CURRENT BUSINESS

S-20

August 1961
1961

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

June

July

DecemAugust SentemOctober November
ber
ber

January

February

March

April

May

June

July

FINANCE—Continued
SECURITY MARKETS— Continued
Bonds — Continued
Yields:
Domestic corporate ( Moody's)
By ratings:
A aa
Aa
.._
A
Baa
By groups:
Industrial
_
Public utility. ..
Railroad
Domestic municipal:
Bond Buver (20 bonds)
Standard & Poor's Corp. (15 bonds)
U.S Treasury bonds taxable §

percent- -

4.78

4.74

4.61

4.58

4.63

4.64

4. 66

4.65

4.59

4.54

4.56

4.58

4.63

4.70

do
do _ _
do
do

4.45
4.60
4. 81
5.26

4.41
4. 56
4.77
5 22

4. 28
4. 41
4. Of>
5. 08

4. 25
4.41
4.63
5 01

4.30
4.44
4.67
5 11

4.31
4.47
4.69
5. 08

4. 35
4.50
4.71
5. 10

4,32
4. 48
4. 69
5 10

4.27
4.40
4.63
5 07

4.22
4.33
4.57
5.02

4.25
4.37
4. 59
5 01

4.27
4.41
4. 63
5 01

4.33
4.45
4.69
5 03

4 41
4.53
4 75
5 09

do
do
do

4.64
4.75
4.94

4.61
4.71
4.90

4.49
4. 53
4.82

4.46
4.48
4.78

4. 50
4. 56
4.84

4.51
4. 56
4. 85

4. 55
4.58
4.87

4 52
4.57
4.86

4.46
4.51
4.82

4.40
4.43
4.78

4.45
4. 46
4.75

4.48
4.49
4.77

4.54
4.52
4.83

4.59
4. 60
4.89

3. 53
3.78
3.99

3.47
3.72
3.86

3.33
3. 53
3.79

3.51
3.53
3.82

3.42
3. 59
3.91

3.43
3. 46
3.93

3.38
3. 45
3.88

3. 38
3.44
3.89

3.33
3.33
3.81

3. 51
3.38
3.78

3.48
3.44
3.80

3.48
3.38
3. 73

3.54
3.53
3. 88

3.49
3.53
3.90

Cash dividend payments publicly reported: t
Total dividend payments
mil. of dol__ 1,948.3

896.7

371.5

1 . 965. 5

921.5

387.6

2, 456. 3

1,003.2

468. 1

1, 957. 2

914.1

367.9

1,986.3

935.7

153. 3
1,261.4
109.3

184. 6
310.9
9.0

78.7
137.1
3.0

1 69. 5
1,264.9
106. 6

175. 6
330. 1
10.9

104. 5
136. 0
2.9

345. 9
1,476.4
171.8

255 2
298. 7
11.2

161.2
135. 8
2 9

162. 7
1.262.8
106.4

179.3
312.4
11.7

84.1
133. 7
4.3

157. 7
1.280.9
109.0

188. 0
313. 8
9.8

89. 7
178. 6
65. 5
56. 7
33.8

201 7
106. 1
18.0
56. 3
10.1

1.8
112.2
4. 2
25.0
9.5

94.6
180.3
62.3
56. 5
30.8

202. 3
113.1
20.0
57.8
11.7

2 1
109. 6
1.4
23.0
8. 1

93.1
186.6
79 7
63. 3
39. 5

209. 0
1 1 4. 6
34. 6
68.1
11.8

1.7
111.9
4.1
42. 8
7.7

94.3
188. 3
56. 8
53. 6
32.3

208 7
119.3
20.4
52. 8
9.5

2.1
112.8
.9
22.3

95. 8
190. 2
63.4
59.0
30.3

225. 1
118.4
16.9
55.2
8.5

5. 59
6. 06
2.67
3.56
3. 96
4.81

5.59
6. 05
2 68
3. 56
3.96
4.81

5.58
6. 03
2. 68
3. 56
3. 96
4.85

5. 57
6. 02
2. 69
3. 56
3. 96
4.8")

5.58
6.04
2.69
3.47
3.96
4.85

5. 57
6.00
2.71
3.46
4.00
5.01

5. 64
6. 01
2.74
3.44
4.00
5. 08

5. 64
6. 01
2.74
3.41
4. 20
5.08

5. 65
6. 01
2. 75
3.41
4.20
5.19

5.65
6. 01
2.77
3.35
4.20
5.19

5. 66
6 02
2.79
3. 35
4.20
5. 19

5. 66
6. 03
2.79
3. 35
4.20
5.19

5. 66
6.01
2. 80
3. 35
4. 20
5.19

5.67
6 02
*> 81
3. 35
4.20
5. 19

158.87
178.62
71. 51
64. 20

155.33
173. 55
71. 12
61.95

159. 22
176. 68
73. 59
62. 28

149. 53
165. 61
70. 25
57. 56

149.30
164.91
70 27
57. 68

154.57
169 92
72.24
60.39

161.55
175. 22
76. 82
61. 28

171.83
1 86. 00
80. 47
66. 00

175.72
190.56
82. 66
68. 37

179.36
193.51
85. 20
69. 24

179. 65
193.42
85. 54
67. 00

183. 20
197. 56
88. 57
68. 45

179.24
193. 90
85. 87
66. 10

185. 95
200 64
88 06
65. 90

3. 52
3. 39
3. 73
5. 55
3. 98
2.98

3.60
3. 49
3.77
5. 75
4.04
2,93

3. 50
3. 41
3. 64
5. 72
4. 00
2.87

3.73
3. 64
3.83
6. 18
4.02
3.08

3.74
3. 66
3.83
6. 02
4.02
3.07

3.60
3. 53
3. 75
5. 73
3. 93
2.97

3. 49
3.43
3.57
5.61
3.92
2.76

3. 28
3. 23
3.40
5.17
3.78
2.51

3.22
3.15
3.33
4.99
3.51
2.50

3.15
3.11
3.25
4.84
3.51
2.50

3.15
3.11
3. 26
5.00
3.54
2.51

3. 09
3. 05
3.15
4.89
3. 33
2.49

3. 1 6
3. 10
3. 26
5 07
3.27
2.48

3. 05
3. 00
3 19
5 08
3. 19
2.35

-

do
do
do

Stocks

Finance
Manufacturing
Mining
Public utilities:
Communications
Flectric and gas
Railroad
Trnde
Miscellaneous

do
do
do
_

._-

-

do
do
do _ _
do
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
Bnnk (15 stocks)
do
Insurance (10 stocks)
__
do _ .
Price per share, end of month (200 stocks) 9
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)..
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (^5 stocks)
Bank (15 stocks)
Insurance (10 stocks)

do
do _
do
do.__percent-do....
do
do
do
do

Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollar^
Public utility (24 stocks)
do
Railroad (25 stocks)
do

10 00
3.99
5 28

Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent--

4.74

4.70

4.61

4.69

4.75

210.96
644. 38
91 . 54
143. 04

206. 96
625. 83
93. 59
138. 36

206. 82
624. 47
94. 46
137. 39

199.78
598. 10
94.37
1 30. 98

194.49
582. 45
92. 86
125. 80

Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks) _
Public utility (15 stocks)
Railroad (20 stocks)
Standard & Poor's Corporation:^
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10—
Industrial, total (425 stocks) 9
Capital goods (127 stocks)
Consumers' goods (193 stocks) .
Public utility (50 stocks)
Railroad (25 stocks)-.
Banks:
N.Y. City (11 stocks)
_ ._
Outside N.Y. City (16 stocks)
Fire insurance (15 stocks)

4.78
199.
601.
94.
128.

54
14
14
62

9 60
4 19
2 83

4.84

4.73

4.68

4.66

4.67

4. 63

4.66

4.69

202. 81
609. 54
97.74
128. 29

212.98
632. 20
102. 79
139.44

219.89
650. 01
107. 70
143.12

225. 64
670. 56
110.00
145.47

228. 42
684. 90
112.02
142. 53

231 08
693. 03
112.84
144. 98

229. 53
691.44
112.61
141.35

228. 96
690. 66
114. 15
137. 82

57. 26

55. 84

56. 51

54. 81

53.73

55. 47

56. 80

59.72

62. 17

64.12

65.83

66. 50

65. 62

65.44

61. 06
62. 09
48. 65
47. 35
30. 81

59. 25
59. 58
47. 58
48.02
30.19

59. 96
59. 76
48. 16
48. 65
30. 19

57. 96
56. 77
46. 51
48.64
28.76

56. 90
55. 25
45. 68
47.34
27.77

58. 89
57.42
46. 96
47.83
28.93

60. 22
59. 11
47.98
49.78
29.03

63. 20
61.46
48. 96
52. 73
31.43

65. 71
63. 71
50. 85
55. 64
32.17

67. 83
65. 77
53.27
57. 06
32.93

69. 64
66. 12
54. 33
59. 09
32 35

70.34
67.41
55. 29
59. 59
33.08

69. 48
67. 49
55. 61
58. 43
32.41

69. 15
C6 24
56 21
59 42
31.74

__ do __
do
do

25 70
50. 94
33.81

25. 71
52.09
34.24

25. 26
52. 64
34. 81

25.63
52. 89
33.87

25.43
52. 32
33.01

25. 58
53. 91
33. 75

26. 60
55. 37
37. 02

27.78
57. 12
38.97

29. 60
59.48
42.34

30. 55
63. 94
42.95

30. 85
64.92
42 64

31. 30
67.14
42.97

32.91
68.38
43.98

33 55
69. 98
44 81

3,445
105, 352

3, 751
116,064

3,450
109, 989

3,192
101,085

3, 295
104, 672

4,139
135,728

4, 946
162,841

5,275
160,001

7,281
241, 675

6 533
229, 033

6 305
224, 137

5,175
153, 717

2,862
71, 877

3, 119
80, 851

2,867
74, 704

2,700
70, 210

2, 785
72, 365

3,487
94, 756

4,176
115,063

4,407
112,092

5,930
153, 454

5, 205
131, 727

4,971
123, 557

4,293
99, 793

53, 870

65, 350

60, 854

54, 431

62, 002

77,355

89, 108

92, 804

118,035

101. 776

96, 950

73, 121

292, 392
6,306

300, 901
6, 341

283. 318
6,370

281, 529
6,388

292, 991
6,398

306, 967
6.458

326, 598
6,478

337, 490
6,501

347, 576
6, 529

350, 472
6,571

358, 862
6.663

Shares listed, N.Y. Stock Exchange, end of mo.:
Market value, all listed shares.
. __mil. of dol_. 298, 143
6,274
Number of shares listed
millions—

Revised.
? Preliminary.
§For bonds due or callable in 10 years or more.
tRevisions for 1957-1959 are shown on p. 36 of the July 1960 SURVEY.
9 Includes data not shown separately.
(^Number of stocks represents number currently used; the change in number does not affect continuity of the series.




8 00
4. 17
0.22

9 70
4.12
6 36

do
do
._ do _.
do
do ..

Sales (Securities and Exchange Commission):
Total on all registered exchanges:
4,780
Market value
mil. of dol_.
Shares sold
thousands- 143,470
On New York Stock Exchange:
3,967
Market value
mil. ofdol—
Shares sold .
_ __ _
thousands-- 97, 625
Exclusive of odd lot and stopped sales (N.Y.
Times)
thousands- - 76, 533

r

8.45
4.08
3.09

60, 897

SURVEY OF CURRENT BUSINESS

August 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-21
1961

1960
June

July

DecemAugust SeptemOctober November
ber
ber

January

February

March

April 1
1

May

June

July

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)0
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 military transactions
do

7,584
622

6,941
282

7,744
418

4,994
752
1,216

4,676
735
1, 248

5, 132
1 023
1,171

5,001
791
1,091

Imports of goods and services total
Merchandise, ad justed to71
Income on foreign investments in U S
Military expenditures
Other servicc^c?1

do
do
do
do
do

6,074
3,857
233
756
1,228

6,057
3, 550
220
798
1,489

5,427
3. 485
227
727
988

5,322
3, 406
220
759
937

Balance on goods and services

do

+1,510

+884

+2, 317

do
do
do

-1 .253
-164
-1,089

-900
154
-746

-1,079
-173
-906

-155

do
do
do
do
do
do

-1, 110
-724
-386
+887
+94
-128

1,075
-924
-151
+571
+637
-117

-1,905
1, 557
-348
+ 198
+921
-452

-1, 357
937
-420
+81
+346
+69

Unilateral transfers (net), total
Private
Government

_

U S long- and short-term capital (net), total
Private
Government
Foreign long- and short-term capital (net)
Gold silos [purchases ( )]
Errors and omissions

FOREIGN TRADE
Indexes
Exports of U.S. merchandise:©
322
Quantity
1936-38=100..
706
Value
do
219
Unit value
do __
Imports for consumption:©
227
Quantity
do
629
Value
do
276
Unit value
do
Agricultural products, quantity:
Exports, U.S. merchandise, total:
178
Unadjusted
1952-54-100
201
Seasonallv adjusted
do
162
Cotton find, linters), seas, adj
__do
Imports for consumption, total:
111
Unadjusted
do
114
Seasonally adjusted
do
107
Supplementary imports seas adj
do
120
Complementary imports, seas adj
do
Shipping Weight
Water-borne trade:
9,768
Exports incl reexports!
thous of long tons
17,353
General imports
do
Value©
Exports (mdse.) , including reexports, total ^
mil. of doL. 1, 737. 4
By geographic regions: A
60.1
Africa
do
323.7
Asia and Oceania
_ _
do
532.5
Europe
do
Northern North America
Southern North America
South America
By leading countries: A
Africa:
United Arab Republic (Egypt Region)
Union of South Africa
Asia and Oceania:
Australia, including New Guinea
Colony o f Singapore _ _ _ _ _
_
India and Pakistan _ _
_
Japan __
__ _
Republic of Indonesia..
Republic of the Philippines
Europe:
France
__
East Germany
West Germany

312
690
221

296
653
221

296
654
221

323
709
220

333
731
220

331
729
220

P300
664
P221

P304
681
P224

P348
781
P224

P306
692
P226

p312
708
P277

201
556
277

220
608
276

204
565
277

205
564
276

209
573
274

206
561
272

pi/98
542
j-274

P185
505
P274

*>222
602
P271

P187
510
P273

P214
580
P271

176
227
504

152
191
69

165
178
91

199
181
152

238
200
222

246
199
219

P211
p 197
P232

P207
P197
P205

P225
P208
p 229

?185
P190
*181

P184
P188
P 128

97
108
106
109

112
122
113
129

101
111
99
121

96
110
91
125

97
112
120
108

99
90
113
80

plOl
p89
p92
P88

p96
p90
P98
p85

p 120
P105
pill
p 101

p98
p85
P77
p90

P103
P109
P91
p 125

9,575
14, 405

10, 934
17, 128

10, 122
14, 774

10, 218
14, 132

9,281
13, 866

8,680
13, 700

1, 698. 8

1,609.4

1,610.1

1, 743. 9

1,796.7

1,796.6

1,646.7

1, 671. 5

1,934.2

65.0
346.4
534.1

69.6
312.6
522. 5

54.5
300.8
551. 7

67.3
334.1
572.2

65.0
372.4
612.0

68.4
420.2
611.1

59.2
373.1
518. 6

62.1
373.0
534.0

80.1
426. 8
622.7

63.8
386.7
529.6

65.6
396.8
519.1

54.1
362.9
530.9

330.3
146.0
180.3

283.2
139.4
181.7

288.7
132.3
161.5

288. 2
132.6
164.1

310.7
138.8
200.1

313. 3
128.0
170.9

269.8
133.5
180.9

263.2
110.0
162.6

280.5
114.9
178.2

315. 5
130.3
212.8

302. 7
126.4
170.4

319.7
114. 5
174.2

330.1
114.1
173.3

do
do

7.6
23.5

6.9
31.3

11.1
27.5

9.0
19.8

15.8
22.2

21.6
17.5

16.3
20.7

11.2
18.7

12.0
22.0

16.1
28.5

12.0
20.1

13.8
19.9

8.5
13.9

do
do _
do

31.7
3.9
63.1

41.6
3.8
66.1

37.4
4.0
61.3

35.0
3.5
52.9

38.4
3.5
68.9

41.4
4.0
72.1

32.9
3.7
85.4

30.1
3.6
65.5

29.9
3.3
50.3

29.6
4.0
70.1

21.4
4.0
60.6

23.1
4.0
57.3

19.5
3.8
49.1

101.2
4.0
22.0

120.4
5.7
25.3

93.5
5.1
21.6

98.2
5.2
21.9

99.6
5.6
24.3

115.9
9.5
25.2

156.0
6.8
31.4

135.6
16.7
24.8

137.8
13.8
24.7

164.0
12. 2
27." 8

148.2
12.2
24.7

160.0
10.2
31.2

154.6
6.7
34.0

do
do
do

46.8
2
86.1

49.3
1.8
82.7

57.3
.3
80.4

48.6
.1
81.9

44.3
.2
87.5

46.0
.1
93.8

43.2
(l)
92.0

49.0
2
83'. 0

49.9
.3
90.5

61.0
0
102.0

52.6
.1
84.8

45.3
0)
89.6

46.8
0)
86.3

do
do
do

55.4
4.4
114.8

60.4
1.9
117.0

50.0
5.9
99.6

54.5
3.2
152.3

52.0
4.3
145.9

52.3
4.4
127.9

66.4
4.0
132.3

70.7
3.9
97.4

70.7
2.6
92.1

81.6
4.6
115.2

67.5
6.8
79.3

72.6
2. 8
74.8

66.1
9.8
73.8

do
do _.
do

do
do
do

__

1, 705. 5 1,743.8

1, 698. 9

Italy
_
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada

do

329.8

283. 2

288.7

288.2

310.7

313.2

269.8

263. 2

280.5

315.5

302.7

319.6

330.1

Latin American Republics, total 9.

_do

302.6

296.2

271. 5

273.1

312.9

272.5

289.0

248.4

271. 1

314.2

268.9

265.7

261.3

30.6
48.0
16.2

30.8
42.1
17.6

28.7
38.0
12.9

34.3
35.2
15.0

37.7
33.9
21.0

30.1
37.3
18.0

32.1
43.8
16.7

28.6
41.2
18.1

31.0
39.4
20.9

29.6
57.3
20.7

34. 8
34.3
18.0

40.6
37.1
17.4

31.1
41.9
14.6

20.7
2.6
69. 5
57.0

21.3
2.0
68.3
34.2

23.4
.9
63.2
27.8

20.5
.5
62.9
37.7

Argentina
Brazil
Chile

__
„

_ _ .__

do
do _
.do

Colombia
do.
20.8
19.4
17.3
18.0
20.8
19.2
21.2
16.3
18.8
Cuba
__ __
_ _ do __
21.7
18.1
17.8
19. 5
17.1
3.9
5.2
2.9
3.8
Mexico
__
do
74.4
66. 6
67.0
63.3
65.5
68.1
75.8
58.8
62.6
Venezuela
___do
36.8
39.1
43.9
40.9
62.6
40.9
37.9
35.9
41.3
* Revised.
p Preliminary.
1 Less than $50,000.
0 Revisions for 1958 appear on p. 14 fT. of the June 1960 SURVEY; those for 1959-lst quarter 1960, on p. 12 ff. of the June 1961 SURVEY.
^Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing, cf Excludes military expenditures
O Revisions for 1958 and 1959 will be shown later.
^Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
IData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including since
tion" shipments) are as follows (mil. dol): June 1960-June 1961, respectively— 100.0; 70.2; 62.6; 53.5; 53.9; 73.1; 53.3; 107.9; 65.4;45.1; 58.5; 72.5; 55.1.
AExcludes "special category" shipments.
9 Includes countries not shown separately.




early 1956 also ' 'consumables and construe-

SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961

1960

June

1961

Novem- DecemSeptemOctober
August
ber
ber
ber

July

January

February

March

April

May

June

July

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueO— Continued
Exports of U S merchandise totallf
mil of dol
By economic classes:
Crude materials
do
Crude foodstuffs
do
Semimanufactures 9

do

By principal commodities:
Agricultural products totalcf

do

Cotton unmanufactured
Fruits vegetables and preparations
Grains and preparations
Packinghouse products
Tobacco and manufacturesA

Automobiles parts and accessories
Chemicals and related products§
Coal and related fuels
Machinery, total §d"
Agricultural
Tractors parts and accessories
Electrical
Metal working §
Other industrial
Petroleum and products
Textiles and manufactures
General imports, total
By geographic regions :
Africa
Asia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt Region)
Union of South Africa
Asia and Oceania:
Colonv of Singapore

1

Argentina
Bra/il
Chile
Colombia
Cuba
M^exico
Venezuela
Imports for consumption, total
_ .__ _
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities:
Agricultural products totalcf
Rubber crude including guayule
Sugar
Wool and mohair unmanufactured
Nonagricultural products, totalcf
Furs and manufactures
Iron and steel products©*
Nonferrous ores, metals, and mfs., totalcf
Copper incl ore and manufactures
Tin, including ore
Paper base stocks
Newsprint
Petroleum and products
T

1 591 4

1 594 6

1 729 4

1 782 8

1 777.7

1 618 7

1 659.0

1, 903. 7

1, 687. 5

1, 725. 4

1,677.9

191.8
130.1
90 5
333. 2
975 5

196 5
126.5
83 3
313 5
962 3

163. 7
123. 7
94 5
337.1
872 5

188.5
145.7
96 8
287.8
875 8

239.3
143.8
102 3
285.2
958 9

283.2
146.9
99 9
286.0
966 9

287.0
144.1
106 2
292.7
947 6

236.3
132.6
89 0
258.2
902 6

218.8
156.7
88 3
273.7
921 6

224.8
177.2
105.6
299.9
1,096.3

187.4
153.9
88.5
266.2
991.4

186.5
163.8
98.4
287.5
989.3

166.3
144.5
94 7
290.4
982 0

366.5

358.4

327.1

369.4

431.9

495.8

504.2

423.2

426.3

469.5

394.1

395.2

348.2

98.4
27.3
154.4
25 6
72.3

134.7
31.3
156.3
27.3
43.1

130.4
26.1
138.2
24 0
24.8

112.1
24.7
161.2
24.4
25.7

113.6
31.8
187.6
26.7
31.2

79.8
26. 7
156. 6
23.9
26.7

53.0
34.2
165.5
27.7
26.7

36.7
37.2
130.8
31.0 i
30.0

1 287 0

1 273 5

1 195 5

1 232 7

1,434.2

1, 293. 4

1, 330. 2

105.9
141.0
24.5
60.9

99.9
151.6
33.2
81.9

91.4 !
139.6 i
33.7
88.5 !

22 5
30.8

86 4
31 4
120 2
22 7
22.3

15.9
31.0
115.6
24 4
36.6

26.3
38.8
141. 5
25 4
74.7

59.4
39. 4
143.3
28 9
74.8

1 354 5

1 323 6

1 264 3

1 225 1

1 297 5

65.4
37 3
123 0

do
do
do

108 7
142 8
36. 6
96 8

87
145
31
83

0
9
7
1

82.4
140.8
37.5
92 3

78 1
141.8
34.0
70 1

108 5
144. 8
36. 1
73 7

119.4
132.9
29 4
71 9

105. 7
140.1
23.4
62 1

93.3
121.3
19.5
53 4

97.6
145.1
19.6
60 3

115.2
158.4
20.1
66 1

._ .

1, 329. 6

do

356. 7

372.5

331.3

332.3

367.7

377.0

382.1

349.5

374.6

447.2

412.8

393.5

391.1 ' : _ _ _ _

do
do
do
do
do

14.6
31.2
75.7
29.9
183. 6

11.9
30 1
89.4
32.0
188 1

11.4
29.7
78 5
27.9
165. 5

8.3
29. 8
80. 2
25.2
168.3

9.4
32.2
85.7
29.5
185.7

8.8
28.4
94 6
37.3
183.4

8.9
30.6
82.6
46. 5
184.8

10. 6
28.9
82.3
34.5
166.4

13.9
32,7
80. 6
35.2
184.5

17.1
35.2
105. 6
42.1
210.0

16.3
35.3
95.8
40.9
193. 3

15.6
33.4
88.0
39.8
185.1

14.3
29.7
95.1
38.4
185.5

do
do

47.1
56. 0

40.6
60 6

37.7
50.7

39.2
52 5

39.9
61 6

37.5
57.4

37.8
58.2

34.9
56.3

32.1
55.4

40.1
66.6

39.0
57.9

38.9
53.9

do

1 , 306. 8

1,149.7

1,229.4

1,160.1

1.157.2

1,160.8

1,157.1

1,123.6

1, 045. 9

1, 230. 5

1,041.9

1,194.5

do
do
do

46. 8
273 8
356. 0

44 5
959 g
308.3

39. 9
291 0
307.1

43.6
237 4
323.1

36 5
2°7 2
340. 4

36.1
220. 5
338. 2

42.8
2° 7 2
343.4

46.4
215 6
315.3

43.5
181.4
299.3

52.6
243.9
343.7

53.5
211.2
287.3

49.7
232. 1
338.4

do
do
do

268. 9
131.1
230.2

234.1
123.9
179.1

261.4
106. 9
223.0

238.5
109. 5
208.0

240. 9
93 2
219.0

249. 1
106.4
210. 5

223.2
122.9
197. 5

208.4
113.3
224.6

197. 8
124.8
199. 1

249.2
139.5
201.6

212.3
104.2
173.4

263.7
128.5
182.1

do
do

3. 7
9.4

6.0
5.6

1.7
8.0

1.5
9.1

,7
8.2

.5
6.6

1.4
8.0

.7
8.6

9.5

1.8
8.7

.8
10.1

2.2
8.7

18 9
.9
25 2
96. 5
14.2
36.9

16 7
1.2
19 6
110.0
23.2
35.2

9 8
1.2
22 5
96.7
17.3
19.5

8 6
1.1
19 5
95.3
15.7
19.9

5.5
.9
20.4
91.5
15.0
20.3

11.7

11 1

14.2

14.5

11.5

20.7
83.3
22. 1
20.0

9.5
.8

do
do
do

9 1
4.1
23 2
103. 6
22.8
29.4

24 1
84.4
12.4
20.9

21. 1
61.7
11.5
22.6

26.9
82.5
14.1
31.1

19.9
76.6
13.2
24.0

24.5
80.9
11.5
30 2

do
do
do
do
do
do

29.4
.3
71.1
33.2
2.8
93.8

30.7
.4
68.2
26. 6
2.2
66. 6

29.3
.3
63.6
34.4
1.8
69.1

22.8
.3
71.3
28.6
1.3
73.8

28. 6
2
75.1
35.9
1.8
72.8

31.1
o
69. 5
34.0

27.1

24.2

26. 7

32.2

26.5

35.8

78.8
32.7

69.2
29.1

66. 0
24. 9

75.6
28.4

63.8
25.9

69.6
28.6

77. 7

68.6

60.6

63. 5

75.2

56.6

72.3

do

268. 8

233.9

260. 9

238.3

240. 7

248.9

223. 2

208. 3

197. 8

249.2

212.3

263.5

do

329.8

267. 4

290. 9

280. 8

278. 5

276.8

277.0

295. 5

282. 3

295.1

244.1

264. 1

do
do
do
do
do
do
do
do

9.0
61.0
18.4
20.8
47.7
28.1
90. 2
1,289.2

8.3
43. 1
13.5
17.9
46. 6
24.3
68. 5
1,139.9

9.1
57.5
24.5
22.1
11.7
33.0
75. 9
1,246.4

7.6
54.4
15.7
23.5
7.9
44.3
78.2
1,159.3

6.9
48.9
19.8
36. 2
7.6
27.8
76.7
1, 156.9

5. 7
45, 0

7.1

9.2

7.3

8.4

7.8

35.3

24.7

38.2
21.2
32.4

31.3
81.9
1,175.9

39. 1
83.9
1,151.0

do
do
do
do
do

281.8
147.7
140. 6
268.9
450.2

237.2
121.4
135.4
228 9
417. 2

291. 1
142. 6
137. 6
248.2
426. 9

243. 6
134.1
134. 5
234. 8
412.3

229 9
146. 1
122.4
233.3
425. 2

219. 2
141.0
139. 4
245. 6
430.7

do

338. 5
17 5
81.5
26.8
49.9
19.7
950.7
8.4
38.9
100. 3
37.7
13.2
29.6
59.3
138.7

299.4
10 7
72.0
24.7
50. 0
15.5
840.5
5.8
30.3
95.2
29.6
7.3
25.0
53.3
108.8

344.6
11 6
91.8
32.7
39. 5
17.3
901.8
4.9
30.8
102.1
35.3
11.9
33.1
61.6
125.9

310.6
98
87.5
25. 2
41.6
14.0
848.7
4.7
35.2
78.7
27.5
8.5
29.0
54.6
122.3

286. 3
8 4
93.8
19.6
24. 8
13.9
870.6
5.2
31.9
90.0
23.4
9.6
29. 1
59.8
119.0

292. 3
8 9
83.0
20.4
39.7
12.1
883.7

do

Japan
Republic of Indonesia
Republic of the Philippines
Europe:
France
East Germany
West Germany
Italv
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics totaled

do
do
do
do
do

1 682 0

1 721 0

do
do
do
do
do
do
do
do
do
do
do
do

.6

9.1
6.2

6.2
30.8
87.5
29.1

6.7

31.2
65.2
135.7

1.7

.3

2.8

1.2

.3

1.0

.3

1.0

.9

.2

1.5

.1

10.6
42.0
13.6
22.4

40.7
91.8
1.111.7

53.4
79.0
1,235.3

42.7
66.5
1.045.7

52.2
73. 5
1, 188. 5

231.8
149.2
115.5
242. 6
411.8

235. 2
153. 9
105. 8
234.9
382.0

210. 3
139.7
110.5
228.1
347. 9

237.4
168.1
142. 9
265. 0
421.9

202 5
141.8
109. 6
225. 1
366. 6

229. 9
139. 4
125.0
267. 4
426. 8

295.4
12. 2
82.7
24.1
28.7
11.9
855.6
17.2
28.6
86.9
33.2
9.4
23.1
59.3
141. 6

297.6
18 4
86. 6
19.9
23.7
16.7
814.1
12.9
23.3
75.9
26.8
6.4
25.0
53.8
152.0

276. 3
16 8
76.6
15.3
37.8
14.4
760.3
11.6
24.1
70.8
23.9

345. 4
16 3
97.3
15.8
52.6
19.0
889.9

294. 5
16 3
74.3
15.5
38.7
15.9
894. 0

27.4
48.1
137.5

27 2
62.0
147.5

285.3
19 6
75. 8
13.2
25.7
17.9
760. 4
6.8
32. 6
67.3
10.5
7.1
22.2
53.2
128.1

3.6

7.1

3.0

9.0
32.3
89.5
24.8

5.7

1,220.2 -

!

2.8

2.9

43.5
15.6
17.5

2.9

|

38.0 L —
53.2 !

.1

47.8
11.9
25.8

9.5

:

1.0

.8

42.1
15.0
20.1
2. 7
49. 5
90.4
1,036.6

42.6

i
i
i

|

2.1

1.1

7.2
37.3
94.1
34.8

1.189.0

;

,

7.1
1

28.0
64.9
128.0 i

Revised.
©Revisions for 1958 and 1959 will be shown later.
1 See similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included
With finished manufactures.
cf Includes data not shown separately.
AManumctures of tobacco are included in the nonagricultural products total.
§Excludes "special category, type
1" exports.
©Comprises pig iron, scrap, steel mill products, and certain other iron and steel products; excludes advanced manufactures. Revised exports and data for imports prior to
1958 will be shown later.
*New series; see note marked "0".




SURVEY OF CURRENT BUSINESS

August 1961

S-23

1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

June

July

August

1961

Septem- October Novem- December
ber
ber

Janu-

Febru-

ary

ary

March

April

May

June.

July

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines!
Scheduled domestic trunk carriers:
Financial operations (quarterly totals):
Operating revenues total 9
mil. of dol__
Transport total 9
do
Passenger
do
IT S mail

do__.

Operating expen c es (incl depreciation)
"N"ct income (after taxes)

do__
__do

Operating results:
Miles flown revenue
.thousands..
Express and freight ton-miles flown.
do...
Mail ton-miles flown
do
Passengers originated revenue
do
Passenger-miles flown revenue
millions..

500. 0
496. 3
451. 8
29.1
11.4

529 4
525.6
478.8
30.6
11.1

491 6
486. 1
436. 1
31 6
13.4

460 7
455 6
413.0
9
87
12 0

481.7
8.6

496 7
10.9

485
3
d
1 5

479 0
*16 9

59, 825
30, 890
10, 512
4,183
2, 720

63, 132
29, 109
10, 030
4, 013
2, 706

64, 034
32, 474
10, 786
4, 166
2, 745

59, 057
35, 169
10, 917
4,037
2,547

59, 757
35, 994
11,257
3, 965
2,487

55, 199
32, 691
11,043
3,518
2,129

56, 971
35, 736
16, 479
3,504
2,284

56, 335
30, 459
11,152
3,449
2 348

43, 331
27, 002
10, 389

30, 923
11,412

25, 233
5,766

31, 618
11,731

31, 867
10, 675

31,300
10, 621

30, 961
10, 552

35, 458
12,111

27 822
6,983

27 181

18.8
••622
115.0

18.9
554
108. 1

18.9
584
113.3

18.9
610
110.4

19.0
634
122.2

19.1
624
121.1

19.1
649
125.6

19.3
614
116 8

19 3

2,829
1,818

57, 106
36, 094
13, 239
3,779
2,398

56 636
32, 222
11,631
39 871
459

3? 790
11,955

28 033
8 171

30 891
10, 474

19.4
659
123.5

19.5
603
114 5

19.5
644
121.3

19.5
599

2, 507
405
28
175

2,106
365
23
146

2 242
'388
26
148

2, 860
470
34
183

2.174
329
9

261
18

202
17
136
117
1 208

293
14
244
140
1 483

9

1 095

Express Operations
Transportation revenues

thotis. of dol__

6,783

Local Transit Lines
Fares average cash rate©
Passengers carried rc\ ; enue©
Operating revenues©

cents..
millions.
.mil. of dol_.

582
110 4

Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
lumber of reporting carriers

944
1, 103. 9
do — 1, 153. 0
69. 8
mil of tons

935
1 207 4
1,161.3
68.9

923
1 207 8
1, 197. 9
69 0

988
1 11° 1
1,097.0
64 5

mil. of dol__
do__ _
millions..

140
115.8
99. 7
57.5

140
140. 9
110.6
61.9

139
111 3
101.3
55 7

140
97 8
95.8
51 3

Freight carloadings (A. A. R.):d"
Total cars
thousands. _
Coal
.... ...
do
Coke
do
Forest products
-do

3, 062
483
34
192

' 2, 298
'325

do
do
- do..
do
do. __

Freight carloadings, seas. adj. indexes (Fed. Res.):
Total
1935-39=100
Coal
_ do _.
Coke
do
Forest products
__do _ _

Expenses total
Freight carried (revenue)
Carriers of passengers (quarterly totals):
dumber<Tof reporting carriers
Operatin revenues total
Expenses total
Passengers carried (revenue)
Class I Railroads

Grain and grain products
Livestock
Ore
Merchandise, 1 c 1
Miscellaneous

-

Grain and grain products
Livestock
Ore
Merchandise 1 c 1
Miscellaneous

3, 189
546
30
193

2,203
388
23
135

2,401
477
26
152

1,922
382
21
129

268
19
357
174
1, 535

'280
'13
'263
'130
'1,121

234
16
239
140
1, 154

198
26
202
133
1,136

329
50
233
179
1, 629

255
26
90
129
1,156

232
20
59
138
1,296

211
15
44
109
1 Oil

299

1,025

158
1 390

196
17
65
119
1 176

102
83
89
121

97
66
78
120

99
86
72
123

97
89
68
118

104
90
79
118

99
83
76
115

96
82
65
113

99
82
65
121

96
76
64
113

96
67
69
113

98
75
74
117

100
81
84
116

98
79
88
115

94
70
86
118

149
31
163
22
113

169
31
1509
2
110

150
30
139
22
108

135
39
120
21
106

188
47
97
22
113

186
36
97
21
109

142
30
137
19
107

156
28
162
19
108

160
25
172
19
106

159
39
174

163
33
79
18
114

164
' 25
112
18
109

156

108

157
34
79
19
112

824. 4
695. 0
60.2

759. 1
634. 1
60.6

809.0
679. 4
60.5

754. 4
642. 9
44.2

815. 8
695. 4
46. 5

756 5
638. 0
46 5

731 5
588 1
60 7

699 2
584. 5
52 8

668 3
559 6
49 5

761 3
642 6
50 i

714 9
604 4
46 1

778 5
664 6
47 7

796 4
670 6
58 1

644.0

628 7

646. 9

608 3

694 8

603 4

613 6

596 4

573 7

611 9

584 1

617 3

123. 1
57. 1
43.1

106. 4
24. 0
9.6

117.7
44.4
29.9

111.6
34. 5
25.9

121.2
69.8
54 8

106.1
47.0
33.9

83.6
34.3
52 7

106.9
d
d 4-1
?9

99.4

118. 0
32 1
14 4

108.1
29 6
4 4

120 5
40 8

59 4

49. 687
1 492
2,054

46, 752
1.415
2,207

49, 219
1.404
2,132

48, 566
1. 369
1,480

51,923
1.367
1,505

46, 204
1.420
1,452

42, 835
1 393
1 , 900

14, 960
12, 068
2,892

15, 104
12,009
3, 094

15, 095
12, 152
2,943

14, 716
11, 900
2,816

14, 876
11,854
3,022

13, 573
10, 788
2,785

13, 177
10 612
2, 565

13,066

5,193
1,268

5,583
1 097

5,361
933

4,843
981

5,065
1 024

5 161
997

5 046
970

5 072

5 287
805

5 953
837

5 757
788

do _.
do
do _ _ _
do
_. do

_

Financial operations:
Operating revenues, total 9
Freight ..
Passenger

2,274
408
20
152

1,955
376

'144

2, 385
420
22
160

mil. of do!
_.do
do

Operating exnenses
do
Tax accruals, joint facility and equipment rents
mil. of dol
Net railway operating income_
do__
Net income (after taxes) . __
do
Operating results: J
Freight carried 1 mile
mil. of ton-miles....
Revenue per ton-mile
cents
Passengers carried 1 mile (revenue)
millions..

r
r

r

r 03

21
134
11

48
118

d
d

48

19 5

90

5

140
56
11
13
106

9

121
18
107

i 132,010
1 1 38 6
i 4, 743

Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
__thous. of net tons..
Foreign vessels
.
__do_ _ _
United States vessels
do
Panama Canal:
Total
In United States vessels
' Revised.

_ __thous. of long tons.
do

p Preliminary.

<* Deficit.

l

See note marked "T'«

2

10 800
2 265

875

2

I 9 , 006
2 9 814
2 19'?
4 868
621

5 675
937

Revisions for 1960 (thous. net tons): Total U.S. ports, February, 12,424; April, 13,813; foreign vessels, February,

§ Data beginning 1959 include total domestic operations intra-Alaska and intra-IIawaii; for these States, figures for mail revenues exclude U.S. mail subsidies.
9 Includes data not shown separately.
©Revisions for 1958-October 1959 are available upon request.
c?Data for June, October, and December 1960 and March and June 1961 cover 5 weeks; other months, 4 weeks
H Effective with 1961, figures for operating results represent quarterly totals or quarterly average.




SURVEY OF CURRENT BUSINESS

S-24
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961

1960
June

July

1961

DecemOctober NovemAugust September
ber
ber

January

February

March

April

May

June

July

TRANSPORTATION AND COMMUNICATIONS— Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room _ _
_ _ dollars..
Rooms occupied
percent of total
Restaurant sales indexf
same month 1951 = 100
Foreign travel:
U S citizens' Arrivals
thousands
Departures
- do
Aliens' Arrivals
do
Departures
do _
Passports issued and renewed
do
National parks, visits§
._ __ _- do
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous. of dol__

9.26
67
117

8.67
57
113

9.60
65
112

9.47
67
114

10.04
72
114

9.62
63
107

8.72
50
110

8.91
63
111

9.08
64
113

8.70
64
118

9.57
65
114

8.82
65
121

9.45
64
115

178
259
110
111
98
3,748

222
256
123
110
69
6,434

283
192
139
100
64
5,996

220
147
146
106
49
2, 574

163
136
125
98
40
1,778

132
107
102
80
37
886

120
126
94
97
35
508

133
126
93
67
56
516

120
129
75
61
64
569

160
157
103
85
103
729

154

1C2
1,115

117
1,760

105
4,020

299
4,745

301
4,734

281
1416

207
3,237

242
3,853

214
3,507

307
5,060

316
5,259

297
4,981

276
4,611

234
3,882

207
3,405

700.1
392. 8
240.1
420. 5
116.6
63.5

689.1
388.1
232.7
410.4
116.6
63.8

712.8
393. 3
251. 4
426. 6
121.0
64.0

704.0
396. 3
238. 5
424.9
118.2
64.3

711.0
402.3
239.8
424.3
122. 5
64.6

707.2
402.4
235.4
424.4
120.5
64.7

723. 0
405. 7
247. 5
446. 6
118.1
65.0

718.1
407.1
240. 9
428.7
120.6
65.1

701.1
403. 3
227.0
417.4
117.8
65.3

735.8
408.5
256. 8
448.9
119.4
65.5

720.1
408.9
239.6
426. 2
125.3
65.7

744.1
413.7
256 1
447.6
125. 4
66.0

22, 626
19, 798
1.647

20, 517
20, 159
^758

22, 667
20, 050
1, 533

23, 042
20, 282
1,741

22 4^4
19, 957
1,610

21 , 735
19, 794
1,120

22, 939
20, 640
1,621

21,713
20, 206
216

20, 727
18,866
590

23, 383
20, 484
1, 548

21, 339
19, 391
682

22, 976
20, 522
1,139

3, 000
2, 557
155

2,878
2,301
258

2,977
2, 527
153

2,955
2, 513
159

2,919
2,480
141

2,920
2,426
190

3, 105
2,282
478

3,011
2,479
220

2, 766
2,308
158

3, 155
2, 524
270

2,879
2, 504
77

3,077
2,538
194

4,227
3, 425
637

3,936
3,338
454

4,193
3, 394
657

4,328
3, 348
838

4,245
3,318
802

4,145
3,313
744

4. 655
3,530
864

4,275
3,395
737

4, 051
3,264
651

4,613
3,513
947

4,439
3,345
942

4,500
3,436
898

101
76

COMMUNICATIONS
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
Operating expenses before taxes
Net operating income
Phones in service, end of month

_ __

mil. of dol
do__
do _ _
do
- do
__millions_

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: J
Acetylene
_
.. _ _ mil. of cu.f t Ammonia, synthetic anhydrous (commercial)
thous. of short tons._
Calcium carbide (commercial)
do _
Carbon dioxide, liquid, gas, and solid
do

926

938

976

942

976

966

998

989

848

980

902

984

1,043

407.9
92.4
95.6

382.3

380.3

364.8

387.3

408.6

429.5

411.8

400.6

463.3

460.2

477.5

442.5

97.6

100.0

89.3

77.0

66.0

62.6

62.8

57.0

69.2

67.5

83.1

95.5

377.1
76.8

384.9
77.7

390.5
79.6

371.1
78.4

390.7
84.2

377.1
80.8

369.0
73.3

368.8
72.3

333.4
67.1

373.8
74.9

384.7
76.7

399.6
77 6

375 1
73 2

234.6
Nitric acid (100% HN0 3 )
do.
4,488
Oxygen (high purity)
__ _ _ _ _ _ m i l . of cu. ft.
171.2
Phosphoric acid (100% PjOe)
thous. of short tons
Sodium carbonate (soda ash), synthetic (58% Na a O)
370.1
thous. of short tons__
10.9
Sodium bichromate and chromate
. _ . _ do
402.9
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
34.6
thous. of short tons_.
Sodium sulphates (anhydrous, refined; Glauber's salt;
87.6
crude salt cake)
thous of short tons
1, 495. 4
Sulfuric acid (100% HjSO4)
do

242.4
4,220
159.1

255.3
4,404
184.2

281. 0
4,601
165.3

288.0
4,594
183.4

300.2
4,504
175.0

301.0
4,423
170 1

285.8
4,794
192.6

272.5
4,643
179.9

295. 4
5,337
205.6

277.0
5,167
200.7

274.7
r 5, 918

209.2

254 6
5.855
183 6

371.3
10.9
406.5

388.2
9.0
416.4

364.8
9.6
388.9

383.6
10.4
410.0

360.0
8.8
403.4

341.7
8.3
393.4

339.8
9.9
386.9

336.0
8.5
352.8

375. 5
10.3
399.8

373.3
8.9
414.2

400.8
10.4
r 434. 3

372.2
10.9
394 9

35.1

36.3

41.7

44.6

55.5

35.8

95.7
97 6
1, 562. 8 1,540.4

92 2
1, 574. 0

1,452 1

Chlorine, gas
_ _ ._
Hydrochloric acid (100% HCl)

.do. _.
do

Organic chemicals:^
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!
.
do
Used for denaturation
_
do
Withdrawn tax-paid^
do.
Alcohol, denatured:©
Production
thous. of wine gal. _
Consumption (withdrawals)
_.
do_
Stocks, end of month. _ __
__ __do. _

28.6

45.4

44.2

49.7

43.2

37.1

87.6
1, 336. 0

85.6
1, 403. 8

86.5
1, 350. 3

89.0
1,491.1

91.6
1, 433. 8

88 5
1, 428. 4

71,165
88, 703
1,696

64, 235
82, 410
1,808

60, 328
85, 665
1,733

59, 602
77, 574
1,667

62, 878
81, 491
2,022

61,563
80 060
1,887

59, 588
74, 378
2, 163

54, 500
70, 589
1,718

67, 900
89, 632
1, 555

58, 005
82, 147
1,718

62, 713
98 232
1,792

43. 686 54, 943
127, 911 131, 653
43, 132
48, 077
1
5,000
3, 993

59, 228
127, 020
46, 473
5, 583

61, 943
129,532
41, 724
7,020

53, 103
130, 899
43, 002
6,157

52 372
134,505
48, 277
4,050

51,250
137, 948
50, 727
3,970

44, 876
136, 523
39, 855
4,821

51,725
139, 885
50, 327
4,884

49 758
141,834
42, 527
4, 681

54 576
154, 395
41 483
5,271

65, 844
94,200
1,906
47, 884
33, 259
41, 620
706

1
1

90.7
83.3
1, 494. 0 1, 388. 7

22, 409
22, 094
3,721

23,154
23, 611
3,281

25, 861
25, 826
3, 503

24, 974
23, 181
5, 331

22,421
23, 861
3, 943

23, 101
21,271
5,798

25, 853
26, 482
5, 252

27, 646
25, 317
7,665

21, 427
23, 353
5,810

27,012
26, 876
6,057

22, 917
22, 771
6,307

22, 325
21, 410
7,182

7,953
12, 444
7, 705

7,357
13,531
7, 648

8,413
14, 523
8,232

6, 958
13, 750
7,810

6, 999
14, 486
6, 706

7, 454
14, 283
7,103

7,727
14,187
5,775

6,393
15,170
5,985

6,809
13, 428
5,841

8,216
16, 048
6,624

6,864
14, 249
10, 983

8, 457
15, 786
6 796

Ethylene glycol, production
_.
_ do
100, 626
Formaldehyde (37% HCHO) , production
do.
143, 938
Glycerin, refined, all grades:
Production _ _ _
_
_ __do_ .
23, 600
2
Stocks, end of month
...
do
29,200
Methanol, production:
199
Natural _ _ _ _
thous. of gal_.
Synthetic
_ _
_ _
do
21, 653
Phthalic anhydride, production.
thous. of lb_. 31, 989

112,629
110, 367

121, 499
148, 282

115,627
142, 755

111,679
149,370

104.939
135,529

108 792
129,894

119,512
127,116

100, 973
124, 782

101,286
145, 532

95 734
138,344

98 426
148, 430

21,000
27, 400

24, 300
29, 100

24, 500
26, 600

24, 500
26, 500

22, 900
28, 100

20, 900
30, 000

23, 900
32, 800

20, 200
33, 200

23 300
33, 700

25, 600
37, 100

23 600
37, 900

156
26, 082
33, 127

137
26, 502
29, 169

183
25, 2H5
29, 924

168
25, 051
26, 520

Creosote oil, production. _ . ._ __ ___thous. of gal.
DDT, production
thous. of lb__
Ethyl acetate (85%), production
do

20 200
34 600

182
164
171
165
175
191
27 442
24 809
27 783
23 325
24 663
25 905
26, 241
30, 994 r 34, 707
28, 850
25, 295
38] 041
r
d
2
Revised.
Deficit.
* See note "1".
Data beginning June 1960 are confined to producers' and warehouse stocks (consumers' are not included).
t Revised series (first shown in October 1959 SURVEY), reflecting change in comparison base period; monthly averages (1929-59) and monthly data for 1953-59 appear on p 19 of the
January 1961 SURVEY.
§ Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska and Hawaii National Park, Hawaii. Data beginning January 1960 reflect revised definitions of visits.
9 Includes data not shown separately.
{Revisions for 1957 appear on p. 24 of the April 1960 SURVEY; the 1958 data shown therein havp. been further revised. These
revisions, as well as those for January-August 1959, will be shown later.
cfData (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
©Revisions for July 1959-January 1960 will be shown later.
1 Effective July 1960, data include amounts classified as "spirits."
June 1960 data on comparable basis (thous. gal.): Production, 53,137; stocks, 129,041; withdrawn tax-paid, 5,462.




187
25, 300
30, 612

August

SURVEY OF CURKENT BUSINESS

1961

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-25
1961

I960
June

July

August

Septem- October Novem- December
ber
ber

January

February

March

A pril

May

June

July

CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
890
thous. of short tons..
094, 324
_
._ short tons
42, 978
do587, 210
do_
49, 561
do

345
630, 124
46, 690
501, 920
67, 706

216
613, 804
38, 694
496, 865
70, 879

337
617, 086
73, 801
446, 209
78, 016

380
669, 485
68, 976
467, 108
104, 714

392
386, 033
37, 586
274, 211
49, 269

345
503, 104
42, 309
370, 753
70, 499

34-9
406, 754
18, 595
295, 550
83, 530

557
495, 519
18, 097
379, 478
82, 665

1,430
439, 200
40,019
321,135
67, 041

2,021
547, 105
27, 120
445. 557
44, 107

527, 295
55, 191
439, 324
21, 744

182, 445
99, 751
63, 822
25, 386
22, 534

165, 547
74, 851
44, 621
6, 458
63, 784

141, 708
76, 224
16, 312
16, 654
14, 083

235, 645
141, 781
53, 628
14, 380
29, 817

180, 244
78, 456
0
18, 488
42, 558

115, 762
46, 549
0
8,979
23, 502

126, 269
62, 572
0
8,734
14,035

216,164
119,168
10,512
7,478
44, 040

260, 664
134, 794
58, 774
8, 583
54, 366

359, 460
193, 746
53, 234
20, 753
61, 085

273, 361
126,806
40, 284
21, 694
47, 309

310, 908
161,015
83, 181
18, 333
41, 877

394,537
Potash deliveries
do
Superphosphate and other phosphatic fertilizers (100%
P205):t
Production
_ __
short tons. . 214, 766
305, 049
Stocks end of month
__do_-

46, 769

104, 888

103, 745

183, 245

118, 977

272, 301

125, 978

177,277

282, 134

308, 909

177, 138

54, 007

171,028
366, 440

189, 745
371, 582

183, 651
359, 302

217, 795
371, 694

234, 930
424, 254

217, 923
433, 872

244, 626
442, 701

240, 069
426, 787

264, 034
349, 198

246, 156 r 240, 997
273, 754 '309,483

196, 512
382, 126

50
87, 071

69
76, 781

128
94, 301

165
86, 103

195
88, 276

238
80, 206

186
79, 907

133
70, 391

139
67, 046

66
73, 887

58
77, 714

86
88, 356

44
83, 958

178.8
107.3
71.5

155. 5
96.2
59.3

168. 0
102.7
65.3

149.6
88.4
61.2

138. 9
78.2
60.7

126.2
69.5
56.7

109.4
60.9
48.5

125. 5
172.8
1
52. 7

116. 0
65. 7
50.3

146.6
87.5
59.1

151.7
93.2
58.5

169.8
104.8
65.0

179. 8
112.8
67.0

394
3,695

420
3,734

454
3, 719

373
3, 655

390
3, 561

400
3,553

477
3, 669

400
3,698

357
3.703

454
3,776

444
3, 780

473
3, 842

475
3,830

4, 643
8, 055

3,781
6, 854

3.844
7, 730
188

4, 763
7,655
51

4, 407
7, 109

4, 073
7. 124
85

4, 761
6, 137
74

3, 734
6, 652
89

3, 709
6, 305
73

4, 541
7, 569
94

4,153
7, 057
88

4, 396
7, 475
103

_ do
do
do _ -- do .
do

43, 752
74, 407
28, 435
93, 688
34, 126

30, 830
72, 308
18,126
83, 926
28, 260

42, 061
76,211
27,718
94, 675
30, 103

43, 879
73.316
29, 036
97. 791
30, 335

42. 526
70. 1 52
27, 284
104, 584
bO, 342

40.046
73. 978
25. 926
98] 007
26, 569

39, 323
71.256
23, 829
86, 709
25, 470

40, 764
60, 505
23. 987
87, 691
25, 304

40, 574
62, 685
22. 387
81, 149
24, 562

46,311
71, 890
27, 043
93, 059
28. 540

45,138
7 ( > 456
24, 795
97, 541
30,634

49. 661
85 897
28. 824
104, 464
33, 569

do _
- do
do
do

11,460
13, 861
102, 264
31,314

10, 060
9, 865
103,695
26, 549

10. 883
11,549
106, 950
30, 095

11, 154
10.822
109; 339
30, 951

10, 758
12, 128
112,886
33, 028

8,716
11,196
114, 135
30, 449

8, 552
10, 963
119,675
29,411

9, 308
9, 599
114,482
31,611

8, 801
12, 067
108, 3()9
31,042

8, 81 5
14, 106
129. 264
35. 860

8. 950
13,585
124. 859
38, 5,07

9, 045
15, 158
128. 955
37, 579

Consumption (10 States)§
Exports, total 9 %
Nitrogenous materials
Phosphate materials
Potash materials
Imports total 0 +
Nitrogenous materials total 9
Nitrate of soda
Phosphate materials
Potash materials

do.
do
do
do
do_

MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black bHstirg powder
thous of 1b
High explosives
do
Paints, varnish, and lacquer, factory shipments: J
Total shipments
mil. of dol_.
Trade products
- do
Industrial finishes
- - - do.
Sulfur (native):
Production
thous. of loner tons
Stocks (producers') end of month
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheet^ rods and tubes
thous. of Ib
Molding and extrusion materials
_ _ do Nitro^ellulo^^ sheets rods and tubes
do
Phenolic and other tar acid resins
Polystyrene. TJren and melamine resins.
Virivl resins
Alkyd resins

_
-

Rosin modifications _
Polyester resins
__
Polyethylene resins
Miscellaneous (incl. protective coatings)

i

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total t
mil. of kw.-hr-Eiecfric utilities, total
_
__
- _ _ do-_By fuels
do
By waterpower
do
Privately and municipally owned utilities
Oth^r producers (publicly owned)
Industrial establishments total
BY fuels
_By waterpower

do do
do
_ do
do

Sales to ultimate customers, total (EEI) J
do
Commercial and industrial:
Small light and powerd" .._
__
do Large light and power c?
-. _ _ - - - do _ - .
Railways and railroads
_ _-do-~ .
Residential or domestic
do
Rural (distinct rural rates)..
__
do
Street and highway lighting
do
Other public authorities.
_ do _
Interdepartmental
_ _ _ ^do
Revenue from sales to ultimate customers (Edison
Electric Institute).-mil. ofdoL.

69, 304
61,920
49, 474
12, 447

70, 694
63, 528
51, 636
11, 893

74, 613
67, 255
55, 138
12, 117

69, 628
62, 581
51, 141
11, 410

69, 485
62 252
51, 759
10 493

68, 271
61,410
50, 649
10 761

72, 997
66 202
54, 941
11 261

73, 547
66 559
55, 803
10 756

65. 746
59 263
49,018
10 245

71,712
64 641
50, 765
13 876

68, 289
61 280
47, 440
13 840

71,032
63 660
49, 647
14 013

72, 410
65 191
51,731
13 460

50, 763
11, 157

51, 614
11,914

55, 178
12 077

51, 575
11 006

51, 257
10 996

50 431
10 979

54 169
12 033

54 408
12 152

48 462
10 801

52 444
12 196

49 395
11 886

"1 71°
11 Q48

53 233
11 958

7,384
7,060
324

7,166
6,897
269

7 358
7,109
249

7 047
6,811
236

7 233
6 995
238

6 862
6 599
263

6 794
6 541
254

6 987
6 720
267

6 484
6 224
'259

7 101
6 777
324

7 009
6 682
327

7 371
7 024
347

7 219
6 908
310

55, 548

56, 297

59, 014

58, 820

56, 655

55, 704

57, 491

59, 436

58, 101

58, 177

57, 212

57, 803

9,453
28, 411

10, 139
27, 618

10, 684
29, 064

10, 690
28, 774

9,739
28, 625

9,225
28, 036

9,327
27, 882

10 137
27, 387

9 944
26 856

10 275
27 709

10 129
27 668

10 755
28 5C)3

363
14, 353
1,184
417
1,306
61

344
14, 991
1,440
441
1,256
68

364
15, 523
1,535
459
1,318
67

323
15, 760
1, 364
494
1,348
67

380
14,915
1,017
543
1,378
58

386
15, 223
810
582
1,392
50

462
17, 001
730
613
1,420
56

457
19, 430

445
18 839

418
17 740

384
17 013

370
16 121

623
1 325
77

560
1 386
72

568
1 345
3 122

570
1 320
128

491
1 326
146

935.1

956.3

987.8

997.0

961.7

947.0

975.0

1 010.9

997 6

981 0

966 8

968 7

(2)

(2)

(2)

(2)

(2)

GAS

Manufactured and mixed gas (quarterly) :f
Customers, end of quarter, total 9
thousands. .
Residential
do
Industrial and commercial
__ __
do-Sales to consumers, total 9 -Residential
Industrial and commercial

mil. of therms
do
do

2,161
2,020
139

2,287
2, 141
145

2,126
1, 985
140

504
341
148

300
168
118

551
397
150

64.3

43.0

69.1

15.0

12.2

15.1

Revenue from sales to consumers, total 9

mil. of dol_Industrial and commercial

__ _

r

do_

Revised,
i Beginning January 1961, trade sales lacquers (formerly
shown with industrial finishes) are included under trade products. 2 Effective January 1961, data formerly reported
3
as rural have beeni a:
assigned to other appropriate classifications.
Beginning March 1961, data include sales not previously reported.
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia
consu
sumption in that State is as follows (thous. short tons): 1960—January-March, 222; April-June, 370; July-September, 75; October-December, 94; 1961—January-March, 258.
9 Includes data not shown separately.
{Revisions will be shown later as follows: Fertilizer imports (July-September 1959); superphosphate, etc. (January 1958-April 1959 and Jan




SURVEY OF CURRENT BUSINESS

S-26
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 10(31
1961

1960
June

July

August

Septem- October Novem- December
ber
ber

January

February

March

April

May

June

July

ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly) : 9
Customers end of Quarter total
Residential
Sales to consumers, total
Residential
Industrial and commercial

thousands
do
mil. of therms..
do
do

Residential

do_

30 459
28,051
2 374

30, 289
27, 934
2 321

31,175
28, 658
2.477

21,054
6, 550
13, 570

16, 286
2,523
12, 927

22, 353
7,482
13, 773

1 214 2
(501. 3
523.0

814 4
332. 7
455.8

1 300 9
759. 1
565. 0

—

-

FOOD AND KINDRED PRODUCTS; TOBACCO
1

ALCOHOLIC BEVERAGES
Beer:
9,860
8, 928
Production
thous. of bbl__
9,129
8, 603
Taxable withdrawals
do
11,241
11,458
Stocks end of month
do
Distilled' spirits (total):!
19,126
Production!
thous. of tax gal__ 22, 164
Consumption, apparent, for beverage purposes©
19, 521
16 748
thous of wine gal
Taxable withdrawals!
thous. of tax gal-- 14,718 i 7, 644
931, 509 1835,782
Stocks end of month§
do
3,044
2 205
Imports
thous of proof gal
Whisky:
6,874
Production
thous. of tax gal__ 12, 934
5. 059
6, 519
Taxable withdrawals
do
813,720 814, 039
Stocks end of month
do
1, 952
2,718
Imports
thous of proof gal
Rectified spirits and" wines, production, total;
5, 556
7,373
thous of proof gal
4,382
5,601
Whisky
do
Wines and distilling materials:!
Effervescent wines:
217
507
Production
thous. of wine gal__
144
284
Taxable withdrawals
do
2,774
2,712
Stocks end of month
do
51
71
Imports
_ __do
Still wines:
1.284
2, 067
Production _
_
do
9, 044
12, 039
Taxable withdrawals
do
142, 575 132, 309
586
800
Imports
do
2, 366
4,789
Distilling materials produced at wineries
,.do

8,331
7, 358
10, 508

8,448
7,070
11, 400

8,957
8,218
11,593

15, 079

16, 141

14, 443

15, 603

15, 892
8. 652
849, 979
2 269

20 241
9, 969
853, 798
2,910

18 326
9, 339
856, 230
2, 535

10, 240
859, 477
2,914

13,103
5,559
821,301
1 901

12, 891
6,498
825, 466
2,014

13, 070
6,930
829, 421
2,542

11, 565
6, 381
832, 287
2,237

12, 352
6,779
835, 974
2. 572

5,739
4,168

5,057
3,579

6,390
4,908

6, 785
5, 163

6 431
4,796

6,983
5,199

274
481
2 309
171

314
433
2, 161
136

431
231
2 338
58

357
161
2 506
42

373
225
2 627
58

355
218
2 753
52

334
317
2,717
79

70, 470
13, 349
226, 129
977
125, 569

12,211
14,834
219,422
1,270
29, 789

7, 347
12, 987
208, 765
1.034
18, 139

2, 769
11, 765
200, 879
697
3,727

2,816
11,885
188 573
651
2.865

2, 559
15, 283
177, 229
905
1,293

2,199
11,855
164 933
812
497

1,979
12, 467
156, 424
934
1,139

6,816
5.828
9,738

6,210
5,573
10, 004

15,035

15,405

27, 743
7,699
840, 364
3,752

15 069
7.449
846,057
2 193

12, 609
5,752
815, 499
3,333

8,871
7,098

236
399
2, 547
100

56, 859
13, 284
168, 517
736
117, 035

9,173
8, 989
10, 887

7,332
7, 519
10, 229

6,773
6,571
10,017

6,225
6,411
9,447

10, 319

11,921

16, 351

16, 751

18, 303
9, 542
833, 699
2,820

18 633
10, 256
832, 603
3,320

21 423
12, 708
832, 656
4,356

24 718
11, 554
834, 998
5 088

7,285
6, 642
812, 166
2,546

8,748
7, 704
810, 746
2,954

11,162
9, 981
808. 816
3,843

12,927
8,776
810. 537
4, 544

6, 594
5, 064

7,788
6,062

10, 125
8, 137

252
222
2,797
38

267
272
2,743
60

4,466
11, 464
125, 733
717
17, 967

6, 677
6,552
9,126

9, 625
9, 201
11.416

.........

DAIRY PRODUCTS
Butter, creamery:
Production (factory)!
Stocks, cold storage, end of month
Price, wholesale, 92-score (New York)
Cheese:
Production (factory), total!
\merican whole milk!

thous. of lb__ 143, 000
162, 731
do
.586
dol. per lb__

116,985
179, 861
.586

97 990
169, 325
.598

83, 985
135, 540
.618

94, 600
116, 015
.616

93, 620
90, 587
.623

109,200
76, 808
.619

121,810
75, 707
.611

116, 520
80, 289
.611

130, 990 135, 665
97, 986 121, 230
. 612
.612

155, 050
158. 729
.612

153,835
217, 184
.612

157, 035
114,030

135, 255
97, 150

120, 635
84, 135

108, 905
72, 375

] 10, 585
71, 235

106, 985
67, 925

121, 180
77, 990

122, 625
84, 275

114, 955
77, 830

139,380
93, 965

147, 205
105, 025

173, 705
127, 405

175, 885
132, 085

thous. of Ib.
do

Stocks, cold storage, end of month, total
do.._ 345, 165 360, 107 358, 914 346, 189 333,011 328, 804 332,594 327.633 332. 401 341, 084 368, 343 406, 937 444, 081
304,111 315, 728 317, 946 304, 237 291, 735 287, 718 292,011 287,030 293, 505 302, 349 324, 940 357, 023 392 486
American, whole milk___
do
4, 494
3 430
5,045
7, 115
4,382
7,408
7 259
5,610
6 621
5 186
6 822
Imports
do
8 121
Price, wholesale, American, single daisies (Chicago)
.392
.392
.401
.438
.418
.438
.411
.430
.438
.434
.422
.408
dol per Ib
.412
Condensed and evaporated milk:
Production, case goods:!
6, 225
5. SSO
5. 815
6, 085
4, 806
Condensed (sweetened)
thous. of l b _ _
5. 800
5, 725
6. 220
5, 685
5, 640
7,110
5,780
6, 260
245, 000 207, 200 203, 300 171,000 160, 500 139,200 139, 700 142, 300 131,700 181,000 207, 000 206, 500 252, 400
Evaporated (unsweetened)
do
Stocks, manufacturers 7 , case goods, end of month:
9
5. 467
6, 255
5, 484
4, 856
5, 835
6 '?6
6. 533
5, 545
5 676
4, 854
Condensed (sweetened)
thous of Ib
5,100
5, 538
7 423
Evaporated (unsweetened)
_ do _ _ 261,179 302, 101 364.741 341, 169 319, 174 293, 379 218,315 154, 947 125, 468
83,145 111,046 208, 750 319, 629
Exports:
3, 996
3 902
3,213
3,288
Condensed (sweetened)
_ __
do
3, 246
4, 721
2, 546
5 197
3 329
4, 683
4 608
2 938
11,141
9, 375
14, 035
6, 220
6, 773
8, 168
Evaporated (unsweetened)
do
13, 990
3, 789
4, 359
12, 852
9, 405
12, 030
Price, manufacturers' average selling:
6. 32
6.31
6.31
6.33
6.31
6. 33
6.33
6.32
Evaporated (unsweetened)
dol. per case-6.31
6.32
6. 31
6.29
6.29
Fluid milk:
10, 006
10. 750
9, 352
9, 365
8, 974
9, 495
Production on farms!
mil. of lb__ 11,689
9, 859
11,168
9,381
10.843
12, 278 Ml, 941
11.014
5. 083
4,235
3, 681
3r 426
3, 782
3, 207
Utilization in manufactured dairy products!___do
3,318
4. 066
4, 505
4, 729
3. 858
5, 532
5. 495
4.14
4.42
3.80
4. 57
3. 96
4.65
4.59
4.45
Price, wholesale, U.S. average!
dol. per 100 lb_.
4.31
4.01
4.18
3.92
* 3. 86
P 4. 03
Dry milk:
Production:!
9, 000
7, 700
7, 600
8,300
8, 500
Dry whole milk
thous. of lb_.
7, 450
7, 600
6, 750
6, 480
7, 500
6, 200
8, 250
7, 550
211,000 1 58, 350 121, 650
N'onfat dry milk (human food)
do
98, 800 110, 000 110,300 138, 350 152. 200 150,200 194, 300 193, 500 229, 000 233. 800
Stocks, manufacturers', end of month:
7, 205
4, 892
5, 254
7, 951
6, 405
5, 550
7, 325
Drv whole milk
do
6,890
6,122
5.813
5. 829
6, 689
10, 702
162, 345 156, 882 137, 126 113, 795 110. 247 101.690 103,077 103, 145 109,041 104 872 127, 154 156 04? 15? 176
Nonfat dry milk (human food) _ _ _ . do
Exports:
ojq
900
2, 525
1 734
376
2 401
1 694
1,941
Dry whole milk
do
3 ''01
1 308
1 1°0
1 353
Nonfat dry milk (human food). __
_ do ___ 19, 150
21 , 923
13, 573
35. 090
21. 085
17, 922
22, 963
19,315
11, 597
13, 442
10, 404
21 , 688
Price, manufacturers' average selling, nonfat dry
.135
.134
.136
.138
milk (human food)
__dol. perlb
.139
. 140
.139
.134
.139
. 143
.155
.158
.159
T
l
Revised.
v Preliminary.
See note '''§".
9 Totals include data not shown separately. Revisions for 1952-58 for total sales and total revenue (for 1st and 2d quarters of 1958 for other items; see footnote) are on p. 24 of the April 1960
SURVEY. Revisions for 1st and 2d quarters of 1959 will be shown later.
§ Effective July 1960, data exclude amounts classified as "spirits"; such amounts now included with ethyl alcohol (p. S-24). June 1960 data on comparable basis (thous. gal.): Production,
16,910; withdrawals, 9,962; stocks, 835,827.
O Alaska included beginning January 1959.
iRevisions for the indicated items and for the periods specified are available upon request as follows: Distilled spirits, rectified spirits, and wines (except import data for these items)—
July-December 1959 (scattered revisions); butter and cheese (total and American)—January 1957-June 1959; condensed and evaporated milk—January 1958-June 1959: dry whole milk—January 1952-December 1959; nonfat dry milk—January 1954-June 1959; fluid milk production—January 1955-December 1959; fluid milk used in manufactured dairy products—January 1952-July
1959; and January-March 1960; fluid milk price—June 1958-March 1960.




SURVEY OF CUKEENT BUSINESS

August 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-27

1960

June

July

1961

DecemAugust SeDtem- October November
ber
ber

January

February

March

April

May

June

July

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
tbous of bu
Shipments, carlot
- No. of carloads. _
Stocks cold ftcrage, end of month
thous. of bu-_

2125 115

426
316

119
167

16
178

1,087
44, 598

1,493
37, 539

i 108 515
1,718
28, 100

1,191
21, 665

1,189
14, 958

1, 430
9,219

4,506

1,415
1,590

'513

14, 120

5,569
Citrus fruits, carlot shipments
No. of carloads.Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
316, 926
Fruits
thous. of Ib
Fruit iuices and purees
do _ 625, 198
563, 562
Vegetables
do
Potatoes, white:
Production (crop estimate)
thous of cwt
18, 336
Shipments carlot
__No. of carloads.
Price, wholesale, U.S. No. 1 (New York)
4.760
dol. per 100 lb_.

4,689

3,658

3,197

2,188

3,076

8,189

6, 035

5, 841

6, 506

5, 957

6,625

' 6, 122

430, 862
554, 600
634, 794

496, 852
453, 229

507,683 482 688
291,691 290 730
1,017,386 983, 519

449 926
384 114
877, 632

405 768
509 681
847 530

348 949
527 843
809, 594

300 475
578 5.31
802, 726

279 030

362 473
688, 666
770, 516

7,741

5, 265

7, 385

8, 758

9 388

1257 435
10 388

11 785

12 552

16 711

15 445

17 983

3.153

3.836

3.790

3.981

4.160

4. 050

3. 692

4.200

4.325

4.533

p 4. 586

801,345

231

522, 051 517, 744
413,014 353, 408
942, 145 1,012,996

1,615

676*670
747 172

753

240

5,003

2

275 729
9 289

2

368 142
11 213

' 19, 049

GRAIN AND GRAIN PRODUCTS
Exports (barley corn oats rye wheat) t thous. of bu.

72, 465

66, 111

68, 721

83, 248

81, 262

86, 743

86 241

76 866

94 351

109 181

89 143

96 305

Barley:
Production (crop estimate)
_
Receipts 4 principal markets

17, 057

13, 616

36, 708

19, 794

14, 429

13 511

'427 018
11 021

16 294

13 778

15 365

10 925

10 566

do
do

'3 167
356

Shocks (domestic), end of quarter, totaled mil. of bu
On farms
-do
OfTfarmsc?
do
Exports including malt t§
- thous. of bu
Prices, wholesale (Minneapolis):
No. 2, malting
dol. per bu__
No 3 straight
- do
Corn:
Production (crop
estimate)
frrindings wret process©
Receipts, interior primary markets

mil of bu
thous. of bu _
do

Stocks (domestic), end of quarter, to talc?, .mil. of bu
On farms
do
Off farms c?
- - do __
Exports, including meal and flour t
thous. of bu
Prices, wholesale:
No. 3, yellow (Chicago)
dol. per bu__
Weighted average 5 markets, all grades
do _

7,956

6,007

5,995

468
280
188
9,680

9,304

7,370

6 584

6 288

7 480

5 723

8 399

8 439

1.162
1.075

1.092
1.013

1.125
1.026

1.122
1.012

1.148
1.069

1.119
1.025

1.129
1 037

1.139
1.043

1.141
1 054

1. 145
1 060

1.176
1 095

1.189
1 097

1. 206
1 124

13, 777
34, 517

12, 370
28, 441

13, 712
34, 077

13, 080

21,172

13, 851
29, 939

12, 396
78, 466

i 3 891
ll' 034
29,' 730

12 172
28, 599

11 924
39, 739

13 393
33, 442

11 980
40, 954

13 412
41, 163

32,410

16, 556

27, 784

4 700
3 060
1 641
28, 610

19, 598

1.017
991

3 112

r

2, 522

' 1,229
19, 144

15, 960

20, 028

1.200
1.152

1. 194
1.135

1.184
1.110

1.165
1.037

1.057
1.014

.960
.942

mil. of bu._
thous. of bu__

7,672

10, 198

39,112

16, 046

6,263

4,461

Stocks (domestic), end of quarter, total c?. -mil. of bu_._
On farms .
do___
Off farmsc?
...
do

'3267
^3227
340

Exports, including oatmeal t__
thous. of b u _ _
Price, wholesale, No. 3, white (Chicago) __dol. per bu_.

3,741
.750

'1,293

1

Rice:
Production (crop estimate)
thous of bags 9
California mills:
Receipts, domestic, rough
thous. of lb__ 75, 145
81, 240
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of lb__ 73,218
Southern States mills (Ark., La., Tenn., Tex.):
64, 075
Receipts, rough, from producers
do
201, 045
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
421.1
basis), end of month
mil. of lb_.
Exportst _
_ _ _
_ _ _ . thous. of Ib . 167, 725
.083
Price, wholesale, head, clean (N.O.)
dol. per Ib...

Rye:
Production (crop estimate)
thous. of bu_.
2. 068
Receipts, interior primary markets
do
r
3 10, 499
Stocks (domestic), end of quarter, totalc?__ _ ..do
1. 150
Price, wholesale, No. 2 (Minneapolis). -dol. per bu_.
Wheat:
Production (crop estimate), total
Spring wheatWinter wheat
Receipts, interior primary markets
Disappearance (quarterly total)

mil. of b u _ _
do _..
_ _ _ do __
thous. of bu_. 30, 957
_ _ do
"251,697

Slocks (domestic), end of quarter, total c? ..mil. of b u _ _
On farms
do
0-Tfurmsc?
do

2

Exports, total, including flour t
Wheat onlyt

41, 304
36, S02

thous. of bu__
do

245

355
202
153

3 1, 789
3 454
3 1,335
13, 659

Oats:
Production (crop estimate)
Receipts, interior primary markets

11 464

118

2 3 352

r

18 976

24, 743

23 853

1.101
1.042

1.128
1 046

1.106
1 045

1.081
1 Oil

1.131
1 067

1.116
1 082

1. 136
1 096

6,733

6,363

4,367

3,678

9,279

7,280

2
982
10, 744

4,065

5,641
.653

3,841
.642

1,647

.680

88, 282
81, 634

69, 890
32, 566

36, 072
25, 436

212, 208
38, 682

64, 197
47, 541

62, 212

58, 978

129, 902

100, 423 1,245,312 1,333,826
98, 679 201, 098 320, 686

1,143
.665

(4)

1 439
1,370

r

3 324
3 267
3
57

556
' 482

766
85

2,188
.734

r 74

1,020
.654

2 760
.661

2 300
.605

734
.640

2 779
.682

.658

i 54 612

51, 209
46, 938
207, 057

246.3

208.6

130, 246
.081

42, 918
.079

3,338

4,832

1. 083

129, 554
76, 570

96,718
70 856

100, 931
76 069

49, 785
63, 243

76, 160
51 180

140, 554

126, 439

133, 119

125, 993

118.979

87, 159

85, 219

77, 247

456, 749
272, 295

270 578
344, 358

147.889
257, 071

125 754
241, 328

111 908
270, 652

77 623
216, 429

53 496
204, 361

45 668
126, 482

1, 176. 5
244, 542
.083

1,029.2

842.9

153 699
.083

226 193
.084

615. 9
189 757
.085

454. 6
9Q2 878
v 085

384.6

460

679

1 235

1 019

1 0^4

(4)

1.129

1, 403. 4
187, 856
.078

1,472.3

1,322.1

213, 987
.079

250, 046
.081

1,920

1,176

712

1.106

1.114

529

1. 093
1
1

103, 693

87, 874

47, 595

33, 260

'319,451

23, 809

87, 889
69 215

i 32, 491
25 646
1. 093

r 20' 115

1.097

1.115

1.147

910

3 14 138
1. 123

1, 350. 3
i 246 4
1 103 9

18,159

34, 267

23, 834

27, 338
'365 618

15, 730

25, 279

33, 272
300 835

1,314

3 QG

2, 345

2, 067

' 1, 705

3 1, 218

1,795

1, 646

3 1, 407
3
136

r 1, 449

31,271

40, 950
37, 388

38, 479
34, 513

53, 776
48, 529

50. 831
45, 317

49, 594
42 171

49, 785
41 004

2 25 867
1 325

1.217
2 1 9()4 1
2 |4() (j

79 693

9

.725
2 5G 148

98, 610

831.7
69, 319
.077

35,519
1.068

123,031

38, 418

2,809

3, 655
2 076
1 580
30, 068

r

851

968
121

1.454
1 328

13 843

1,151

2,820

1,085

3 152
3 64
3 88

' 127

49, 691
44 800

64, 442
57 083

70, 340
61 335

54, 045
48 941

2 1 o 5*7 5
93, 271

59, 719
<V7 7 ^.0

Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.285
2. 287
2.120
dol. per bu_2. 146
2.157
2.146
2.142
2.149
2.150
2. 154
2.171
2.217
2. 269
2.344
No. 2, hard winter (Kansas City)
do
1. 892
1. 953
1. 937
1.982
1.988
2. 009
2. 025
2.040
2. 050
2.025
2. 004
1. 962
1.925
1.976
4
Xo. 2, red winter (St. Louis)
do
1.784
1.825
1.817
1.852
1.950
2.073
2.145
2.127
()
2.106
1. 780
1.900
(4)
1.871
Weighted avg., 6 markets, all grades
do
2.174
2.113
2.023
2. 146
2.130
2. 132
2.135
2.138
2. 125
2. 130
2. 155
2.182
2.210
2.111
3
••• Revised.
' Preliminary.
* Revised estimate of 1960 crop.
- August 1 estimate of 1961 crop.
^ new grain not reported until beginning of new crop year (July for
t. only;
Old crop
"barley, oats, rye, and wheat; October for corn).
* No quotation.
5 Revision for 3d quarter 1959 (thous. bu.): 285,823!'
t Scattered revisions for 1958-January 1960 for exports of indicated grain series will be shown later.
§ Excludes a small amount of pearl barley
OData beginning January 1959 are on
standard 17-percent moisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent).
9 Bags of 100 Ib
tfData prior to last quarter of 1959 will be shown later. The figures include grain owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins




SURVEY OF CURRENT BUSINESS

S-28
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961

1960

June

July

August

19G1

Septem- October Novern- December
ber
ber

January

Fe

£"- >*»<*

April

May

June

18, 701
86 2
345
42 394

20, 748
87 0
385
47 116

20, 323
85 1
379
46 124

July

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour: $
Production:
Flour
thous. of sacks (100 lb.)_.
Operations percent of capacity
Offal
thous. of short tons. _
Grindings of wheat
thous of bu
Stocks held by mills, end of quarter
thous of sacks (100 lb.)
Exports
do
Prices, wholesale:
Spring, standard patents (Minneapolis) §
dol per 100 lb
Winter hard 95% patents (Kansas City)§ do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. of animals _
Cattle
_ do_ __
Receipts principal markets
do
Shipments feeder to 8 corn-belt States
do __
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 lb__
Steers, stocker and feeder (Kansas City)
do
Calves vealers (Notl Stockyards 111 )
do
Hogs:
Slaughter (federally inspected)
thous. of animals..
Receipts principal markets
do __
Prices:
Wholesale, average, all grades (Chicago)
dol. per 1001b__
Hog-corn price ratio
bu. of corn equal in value to 100 lb. of live hog-Sheep and lambs:
Slaughter (federally inspected)
thous of animals
Receipts principal markets
do
Shinments, feeder, to 8 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 in) , inspected
"^lau "liter
mil of lb
Stocks (excluding lard), cold storage, end of month
mil. o f l b _ _
Exports (including 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 lb
Pork (excluding lard):
Production, inspected slaughter
thous o f l b
Stocks cold storage, end of month
do
Exports
do
Imports
do
Prices, wholesale:
Hams smoked composite
dol per lb
Fresh loins, 8-12 lb. average (New York)
do
Lard:
Production, inspected slaughter
thous of lb
Stocks, dry and cold storage, end of month
do
Exports..
_ _ _ _
_
._ do _
Price, wholesale, refined (Chicago)
dol. per lb

20, 359
85.9
387
46, 526

19, 420
90.1
371
44, 482

22, 194
89 5
422
50,810

21 , 804
96.1
411
49, 801

23, 496
103.6
440
53, 610

22, 374
98.6
417
50, 837

21,800
95.9
406
49, 585

22, 631
99.5
421
51 437

21,240
98 5
392
48 150

4,197
1,957

1,548

1, 724

4, 367
2,281

2,397

3,227

4,709
3, 818

2,127

3, 200

4 849
3,918

2,219

3 030

5.435
5.050

5. 365
5.050

5. 250
4.983

5.300
5. 083

5.330
5.090

5. 303
5.033

5 328
5.050

5 280
5.017

5 315
5.050

5 335
5 033

5 433
5.050

v 5 473
P 5. 035

397
1,692
1,741
301

374
1, 592
1,599
249

450
1,787
1,992
388

514
1,782
2, 092
783

516
1,746
2, 605
1,319

502
1, 625
2, 086
884

451
1, 576
1, 634
541

427
1,632
1,826
476

385
1,435
1,397
311

457
1,627
1,629
402

378
1,502
1, 541
371

381
1, 754
1, 751
339

364
1, 785
1, 560
274

25.58
23. 50
26.00

25.30
21.81
25.50

24.75
21.23
24 50

24.62
20.91
25.50

24.83
21.59
25. 50

26.00
22. 54
28.00

26.61
23. 61
30 00

27.02
24.29
33 50

25. 84
23.70
36 50

25. 32
24.50
32 50

24.73
24.38
30 00

23.09
23.06
p 28 52

22.30
21.81

5,086
2,465

4 , 304
2,061

5, 203
2, 466

5, 165
2,330

5, 407
2,451

5,707
2,597

5, 753
2,615

5, 744
2,586

5,078
2,234

6.110
2 530

5.048
2,248

5, 597
2, 569

5, 093
2. 303

16.11

16.57

16. 14

16.07

17.04

17.06

16. 68

16.82

17.74

17.26

16. 90

16. 19

15. 91

16. 80

14.8

15.2

r 15.2

T 14. 8

rlG.9

19.2

* 18.1

17.1

17.6

16.9

17.5

15.7

15. 2

15.7

1 , 1 37
881
205

1,113
875
190

1 2^0
1,165
474

1 , 323
1, 4 ,"7
722

1.353
1, 507
616

1, 192
1, 005
215

1 114
889
184

1 300
1,003
177

1 117
835
128

1 311
' 938
119

1 947
088
157

1 358
1. 152
212

1 2o9
804
142

21.50
19, 63

20. 25
17. 95

18. 25
17.21

16. 50
17.34

16. 50
1 5. 98

16. 50
15. 95

In, 50
15.78

17.25
16. 59

1 7. 25
1 6. 96

16. 50
10. 65

15. 25
15. 75

18. 75
14. 04

19. 25
14.95

2, 054

1,834

2 097

2,081

2,110

2,112

2,100

2,154

1,879

2, 211

1,945

2, 245

2 171

591
89
67

532
69
77

461
88
94

403
89
68

402
103
56

410
78
43

423
89
51

444
75
59

470
74
50

477
69
71

529
58
80

523

'499

1,044.7
153, 078
2,142
43, 044

976. 2
153, 322
1, 770
51, 718

1,091.6
160, 876
2. 596
70, 735

1, 094. 5
171,2-13
2, 750
48, 636

1,074.1
182, 739
2 877
36, 300

1,002.4
182,239
3, 077
24, 778

977. 2
183, 540
2 620
28, 581

1,035.0
168, 238
2,973
34, 537

908.9
156, 977
2, 786
31, 029

1 , 042 4
153, 366
2 370
42, 604

952. 5
166, 358
2,582
53, 493

1.120.3
164, 368
2, 591
41,635

.451

.441

.433

.425

.421

.438

.459

52, 067
11,654

49, 974
13, 178

56, 532
13, 434

59, 347
12, 644

62, 057
12, 286

56, 561
12,424

54, 093
12,442

64, 972
12,316

22, 666
91 0
417
51,370
r

. 476

.458

.444

57, 121
11, 767

66, 856
17, 618

4 234

. 434

1 132 9
165, 205

.415

.400

63, 033
22, 033

65. 485
24,312

57, 359
26, 202

957. 3

807.8

949. 0

927.1

974.2

1,053.4

1,069.2

1,053.9

913.4

1,101.4

930. 0

1,059.1

981.2

607, 007
294, 242
3, 006
15, 584

715 652
220, 665
4, 278
13, 227

704. 006
157,812
7, 103
12, 568

744, 573
143, 934
6, 352
13, 842

808, 536
153, 629
7, 245
13, 530

816 207
170,226
6, 578
13, 382

804.286
200, 383
7,304
14, 569

696, 199
235, 567
6 682
12, 693

840.157
243, 667
4 579
17,552

700, 683
269, 792
4,876
12, 618

793, 092
268, 552
3, 930
12, 176

729 085
244 424

.469
.508

.469
.485

.472
.525

.476
.505

.526
.489

.491
.490

487
.490

486
.457

.459
.456

». 456
.456

146, 486
128, 900
42, 940
.133

169 799
108,900
51,186
.140

107,381
72, 400
57, 920
.133

178,840
83, 400
32. 995
.140

184, 405
93, 500
49, 381
.131

182, 790
114,300
40, 461
.135

158, 935
112,400
39, 997
.158

191,463
141,200
33, 899
.158

166, 682
153, 100
26, 065
.143

193, 464
r
!49, 100
41,003
P. 138

175,670
136, 400
62, 724
.123

POULTRY AND EGGS
Poultry:
506
Slaughter (commercial production)
__mil. o f l b
Stocks, cold storage (frozen), end of month
149, 832
thous. of lb
66, 717
Turkeys
_
do
Price, in Georgia producing area, live broilers
.171
dol. per lb__
Eggs:
14.4
Production on farms
mil. of cases 9 __
Stocks, cold storage, end of month:
1,110
Shell
thous. of cases 9 —
Frozen
thous. of lb__ 157, 040
Price, wholesale, extras, large (delivered; Chicago)
.297
dol. per doz__

. 445
.520

162, 085
92, 500
42,319
.128

17.73
14. 4-1

63

71 6, 454
350, 688
3, 583
17, 329
. 484
.492

22.23
21.70

.470

.391

.514

184 098
149 600

526

631

656

718

638

518

477

378

460

491

602

632

152, 737
70, 891

201,111
112,517

292, 626
186, 057

414,384
282, 187

352, 509
209, 941

300, 708
160,097

298, 026
169, 292

267, 538
152,383

228, 953
126, 064

206, 271
108, 325

188, 382
93, 755

206, 909
106 584

.171

.160

.150

.151

.149

.148

.155

.170

.163

.148

.135

.120

.118

13.9

13.3

12.6

13.0

13.1

14.0

14.3

13.5

15.7

15.3

15.4

14.2

13.9

1,029
166, 387

746
158, 094

483
139, 797

269
113, 743

96
87, 344

76
64,144

80
54, 158

49
48, 706

49
53, 965

78
66, 930

238
92, 449

364
112,204

.321

.367

.458

.493

.523

.447

.370

.387

.353

.325

.308

.326

18 678
.298

20, 1 29
.283

17,613
.290

15, 304
.295

15, 477
.293

21, 465
.255

33 298
.228

30 993
^226

T

MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
Price, wholesale, Accra (New York)
r

Revised.

*> Preliminary.




long tons
dol. per lb__

31, 600
.284

J Revisions for 1958-March 1960 will be shown later.

32 527
39 265
39 850
.229
.205
.'230
.215
.222
§ Quotations are for 100 pounds in bulk; prior to 1959 for 100-pound sacks.
9 Cases of 30 dozen.

SURVEY OF CURRENT BUSINESS

August 1961
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-29

1960

June

July

August

1961

Septem- October Novem- December
ber
ber

February

January

March

May

April

June

July

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):
Inventories (roasters', importers', dealers'), end of
quarter
thous. of bagsd"1-R castings (green weight), quarterly total
do _.
Imports
-do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
dol. perlb__
Confectionery, manufacturers' sales J
mil. of dol_.

2,931
5. 205
1,850
985

1,625
803

2,031
1 057

3,440
5,083
1,963
863

2 078
784

1,826
546

3 204
5,774
1,828
730

1,951
621

1 717
642

2,965
5, 928
2 234
841

1,771

1 712

.375
77

.369
62

.364
84

.369
135

.368
129

.365
128

.366
110

.368
106

.369
106

.378
103

.372
87

.375
88

193, 461

210, 519

222, 396

223, 188

237, 163

230, 463

203, 610

172, 880

157, 281

150, 157

157, 734

2,910

2,564

2,305

2,086

1,661

1,335

1,415

2,325

4,280

4,215

4,430

4,365

29, 414
393, 966
226, 355

61, 750
296, 251
250, 283

127, 933
202 533
141,012

650, 761
145 498
134, 105

867, 524
111 737
59, 432

768, 200
81 684
40, 838

288 646
361 519
83 220

50 734
173 198
117 917

47, 827
125 126
139, 929

87 573
738 762
308 408

54 814
474 367
331 906

296 294
214' 975

976, 291 1,071,969 892 447
968, 753 1,061,206 882, 429
10, 763
7,538
10, 018

842 516
837, 525
4,991

704 375
699 680
4,695

685 437
683 009
2,428

720 836
717 104
3,732

629 898
625 878
4 020

651 020
646 092
4 928

764 906
758 499
6,407

686 240
681 089
5,151

969 461
962 Oil
7 450

Fish:
Stocks, cold storage, end of month --.thous. of Ib__ . 165, 822
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons.. r 3, 352
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
__ _ ._ _ -.short tons.. 45, 267
726, 002
Entries from off-shore, total 9
do__
227, 288
Hawaii and Puerto Rico
__ _ .
do
Deliveries total
_ _ _ do__
For domestic consumption
do
For export and livestock feed.- _ __ 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
_
From Cuba
Prices (New York):
Raw, wholesale
Refined:
Retail!
Wholesale (excl. excise tax)_
Tea imports

3 145
5,321

519

749

r

.378
79
r

171, 225

1,716
297

1,396
414

1,175
425

984
308

1, 365
291

1,946
193

2,327
276

2,337
262

»• 2, 209

* 2, 124

* 2, Oil

411, 892
282, 570
120,082

393, 494
211, 464
160,409

327, 623
3,280
192,515

343, 856
0
25, 227

196 617
0
41, 832

351 845
0
45 698

276 073

o

217 799
0
56 560

337 491

471 485

216 614

330 276

103 850

163 510

116 929

140 580

48, 632
43, 959

56, 170
42, 434

26, 792
3,750

23, 635
6 375

23, 424
960

8,789
180

6 005
180

6 811

o

7 865

21, 282

o

11, 703

o

20 470

dol. per lb__

.061

.066

.064

.066

.064

.065

.064

.064

.063

.062

.062

.065

.065

dol. per 5 lb_
dol. perlb .
thous. of lb_

.541
.085
9,940

.541
.087
8,586

.565
.090
9,132

568
.090
9 132

571
.090
8 050

571
.090
7,845

589
.088
9 710

573
.088
8 993

573
.088
7 734

574
.088
10 630

573
.087
8 997

573
» 087
9 331

574

206.8

151.8

218.1

189 4

205 1

193 5

186 9

199 1

209 9

211 8

188 6

205 8

185 9

126.2

109.1

108.3

111.8

117.9

105.2

120.3

106.1

101.1

119.0

132.7

139.1

128. 1

164.1

145.7

164 9

133 6

138 9

140 7

156 1

172 4

159 4

184 5

162 4

183 8

170 4

49.7

50.6

48.6

41.2

42.6

42.8

57.1

73.2

110.6

157.8

181.9

190.7

153. 7

132.6

120.1

135 2

134 6

150 3

148 4

158 3

175 3

155 9

13$. 2

128 8

138 7

132 9

39.9

35.2

33.5

33.7

32 9

31.4

32 6

35.3

35 9

42.8

34 5

40 5

45 4

.238

.238

.238

.235

.235

.235

.245

.247

.255

.262

.267

0.272

27.0
24.6

24.5
21.7

30.0
28.2

27.6
22 6

28.0
27 6

30.7
28.3

27.2
24.7

30.0
26.1

34.9
33 8

35.5
29.5

34.8
29 3

41.3
30 6

--

do
do

Baking or frying fats (incl. shortening):*
Production
mil. o f l b
Stocks (producers ' and warehouse) , end of month
mil. oflb..
Salad or cooking oils:*
Production
.
. do
Stocks (producers' and warehouse), end of month
mil. oflb..
Margarine:
Production
_
do _
Stocks (producers' and warehouse), end of month
mil. of lb_
Price, wholesale (colored; delivered; eastern U.S.)
dol. perlb_

1

34 919

352
0

o

389
0

457

0

1, 785

375

.375

4,490

1, 562

o

o
.064

FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
Production (quantities rendered)
mil. oflb..
Consumption in end products^
_ __ _ do
Stocks (factory and warehouse), end of month
do .
Tallow and grease (except wool), inedible :J
Production (quantities rendered)
- do _
Consumption in end products^ do
Stocks (factory and warehouse), end of month
do _.
Fish and marine mammal oils:t
Production
._
do _
Consumption in end products© do
Stocks (factory and warehouse), end of month©
mil. oflb.
Vegetable oils and related products:
Vegetable oils (total crude and refined):
Exports.
do_-_
Imports
_
do
Coconut oil:
Production:
Crude _
do_ .
Refined©
- .do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
end of month
mil of Ib
Imports
_ _
do
Corn oil:*
Production:
Crude
do
Refined0
_
do_ _
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil. oflb..

37 0
30 6

22.5

23.0

23.8

27.0

24.7

24.8

26.4

24.9

24 2

26.3

25.5

31.2

31 0

255. 4
167.0

233.9
117.3

255.0
161 4

254.3
157 5

249.6
161 5

257.8
151 8

251.8
147 0

261.1
141 9

249 9
136 6

290.5
150 6

275.4
145 8

308.8
150 1

310 4
155 4

282.5

301.1

310.7

342.7

339.6

330.8

304 8

338 4

347 1

348.5

333 7

349 8

329 1

35.1
9.0

40.0
8.2

36.8
10 6

29.5
91

22.7
83

9.0
8.5

78
85

.5
93

3

.5

84

9 4

33
9 7

''32
8
r
10 9

32 9
11 3

105.6

91.9

95.0

109.5

96.0

87.1

84.3

84.2

85.6

73.3

71.8

r

97.5

229.3
57.0

122.5
42.6

241.6
37.0

59.4
52.5

71.2
47.6

138.3
40.2

156.0
48 1

129.9
38 7

86 8
46 5

49.4
41.0

149.1
36 2

72.2
45 4

39.0
35.9
55.9

44.7
27.5
35.7

47.9
36 8
54 7

35.9
32 6
49 5

45.8
36 3
53 1

44.8
35 4
48 0

46 2
30 0
42 6

50.6
31 4
45 3

37 2
29 9
43 8

33.7
35 2
51 4

29 7
37 9
54 0

43.9
43 9
62 6

38 0
45 2
60 9

306. 2
18.3

322.4
7.8

327 0
8.9

322 6
16.5

321 2
15.6

328 5
16.1

338 6
16 3

357 9
13 8

340 3
12 5

339 8

316 6

6.7

306 4
11.4

289 0

28.5
25.0
26.2

27.7
24.3
24.4

29 6
32 0
29.5

27 4
25.5
26.5

28 0
27 6
29.3

26 8
25 1
29.2

24 2
24 3
25.3

25 6
27 9
24.9

24 6
24 5
25 2

27 1
26 5
26.8

28 1
26 3
24.8

29 5
25 3
25.7

30 0
25 8
25.4

6.6

92. 3

38.7
42.6
36.5
33.4
37.9
37.7
32.7
36.4
42.9
40.5
32.8
33.2
38.7
Revised.
*> Preliminary.
* Beginning September 1960, prices are based on a new specification and are not entirely comparable with those for earlier periods.
cf Bags of 132.276 Ib.
JRevisions for January 1956-March 1959 and January-March 1960 for confectionery will be shown later: those for January-November 1958 for fats and oils appear in
Census report," Fats and Oils, 1958" (Series M28-1-08). ? Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*New series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports.
AFor data on lard see p. S-28.
^Consumption data exclude quantities used in refining.
0 Consumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities of these oils
held by producing firms. ©Production of refined oils covers once-refined oils (alkali refined).
r




SUEVEY OF CUEEENT BUSINESS

S-30
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961

1960
June

July

1961

DecemAugust SeptemOctober November
ber
ber

January

February

March

April

May

June

July

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products— Con.
Cottonseed-.t
Consumption (crushings)
thous. of short tons..
Stocks fat oil mills) end of month
do
Cottonseed cake and meal t
Production
do
Stocks (at oil mills) end of month
do
Cottonseed oil:
Production:
Crudet
rn^ of Ib
Refined cf
do _
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
- mil. of lb_
Price, wholesale (refined; drums; N.Y.)...dol. per lb-_

176.6
191.1

142.7
104.8

139.8
205.0

412.9
701.9

758.3
1, 642. 7

742.1
2, 406. 0

612.9
2, 404. 6

666.9
1, 964. 3

525.7
1,509.8

480.4
1, 059. 6

401.8
668.1

292.5
395.0

175. P
230.7

83.0
202.8

70.0
189.9

68.6
157.7

189.3
137.1

352.2
167.9

345.7
199.7

287. 5
197.8

309.8
227.2

247.4
239. 6

224.9
272.0

189.3
270.5

138.1
245. 5

85.0
196.9

62.6
81.3
103.8

51.3
46.9
86.9

48.8
55.9
107.6

133.3
71.5
91.8

257. 5
160.7
109.0

249.0
176.7
112.2

205.8
159.4
113.7

223.8
172.9
119.7

179.0
149.0
118.6

163.5
166.9
128.6

137.7
138.2
107.8

100.8
118.6
108.6

60.4
80.0
102.5

357.6
.155

286.2
.151

200.0
.153

216.8
.145

322.6
.148

389.6
.156

425.8
.159

433.5
.170

463. 4
.180

447.6
.184

432.6
.194

379.1
P. 202

313.1

32.9
21.7
3.19

21.9
33.0
3.01

31.9
30.7
3.11

60.5
70.0
2.98

63.2
108.0
2.88

53.6
99.7
2.76

36.3
103.8
2.82

46.5
100.3
2.87

42.9
99.0
3.02

43.9
100.1
3.07

50.8
81.9
3.09

58.4
61.3
3.14

48.8
45.5
3.37

23.8
35.0

15.8
32.4

21.7
34.7

43.0
31.3

45.0
31.7

38.6
25.8

26.1
25.5

33.3
26.4

30.8
27.3

31.4
32.6

36.4
35.2

41.7
35.3

34.8
38.0

89.5
.132

74.6
.129

61.2
.132

71.0
.126

80.6
.124

92.9
.123

96.9
.125

104.3
.126

106.7
.130

105.1
.131

103.2
.131

104.3
p.131

94.3

939.8
1,291.5
^tocks (at oil mills) end of month
do
Soybean cake and meal:*J
Production
mil. oflb_ 1 , 443. 2
225.4
Stocks (at oil mills) end of month
do
Soybean oil:
Production:
348.6
Crndet
- o-O
303.7
Refined cf
do _ _
303.6
Consumption in end productst
*
do
Stocks, crude and refined (factory and warehouse),
422.6
end of month
mil of Ib
J28
Price, wholesale (refined; N.Y.)
dol. per lb_.

941.3
1,016.3

962.0
597.0

806. 2
494.7

1,069.1
3, 009. 9

1,111.7
3, 807. 1

1, 143. 2
3, 470. 3

988. 9
1, 149. 8 1, 036. 6 1, 043. 9
3, 298. 5 3, 255. 7 2, 920. 3 2, 607. 4

1, 028. 9
2, 023. 9

955.6
1, 493. 0

1, 441. 6
251. 0

1,484.0
182.0

1, 239. 6
158.6

1, 642. 0
185. 6

1, 715. 8 1, 767. 4
225. 0
204.6

1, 593. 0 1, 603. 4 1, 517. 8
327.2
432.6
356.8

1, 5C2. 2
425.0

1,469.4
390.6

350.0
238. 5
245.5

358.5
306.7
303.0

298.4
264.3
265.4

391.3
271.8
275.3

404. 5
279 5
263.5

414.2
295. 1
283.6

418.7
326. 0
310.9

377.6
298.5
280.8

381.1
319.5
296.1

362.9
291.2
261.8

377.0
313.3
289.5

352.8
270.2
266.5

450.5
.131

311.8
.138

307.5
.129

366.3
.133

446.0
.144

466. 4
.143

517.4
.153

537. 2
.164

624.7
.173

675.8
.174

r 710. 0

769.1

20, 560
11,325

37, 771
14, 646

4,476
82, 922
13, 335

81, 103
14, 341

25, 110
14, 048

23, 647
15, 484

11,790
4,994
4,881
1,914

15, 796
5, 895
6,722
3,179

15,113
5,399
6,874
2,840

2,592
35, 667
503, 935

2,954
44, 622
623, 983

11,906
1,622

15, 887
1,449

Flaxseed :
ConsuniDtion (crushin^s)
thous of short tons
^tocks (it oil mills) end of month
do
Price, wholesale (No. 1; Minneapolis) ,_dol. per bu._
Linseed oil:
Production crude (raw)
mil of Ib
Stocks, crude and refined (factory and warehouse),
end of month
-_ mil. of Ib
Soybeans '.J

TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter,
total
mil of Ib
Exports, including scrap and stems
thous. of lb_.

1, 783. 2
260.0

Manufactured products:
16, 178
Production manufactured tobacco total
do
6,103
Chewing plug 8nd twist
do
6,592
Smoking
do
3,483
Snuff
-do -Consumption (withdrawals):
Cigarettes (small):
3,667
Tax-free
millions- 43, 643
Tax-paid
do
571,
929
Cigars (large) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
15,
543
thous. of Ib
1,805
Exports cigarettes
millions--

------

».169

2

i 1, 943

4,339
29, 574
14, 783

3.87

1, 987

4,268

84, 587
12, 340

4,784
44, 574
12, 597

22, 423
14, 162

24, 674
15,061

' 4, 671
28, 740
13, 231

14,910
5,319
6,709
2,882

14, 642
5,681
6,107
2,853

12, 380
4,824
4,800
2,756

14, 456
5,417
6,089
2,949

13, 053
4,972
5,680
2,401

15, 916
5, 593
7, 290
3,034

14, 076
5,080
6,406
2,590

15, 707
5,827
6,696
3,184

15, 853
6,031
6,588
3,234

3,221
40, 899
581, 540

3,491
39, 836
577, 031

3,206
40, 320
671, 450

2,997
33, 793
364, 660

3,083
38, 916
475, 244

2,854
37, 447
441, 395

3,642
42, 354
522, 834

3,173
37, 151
482, 262

3,459
44, 353
601, 618

3,685
44, 036
535, 531

14, 501
1,706

14, 543
1,939

14, 504
1,989

12, 372
1,967

13, 991
1,733

12, 626
1,606

15, 554
1,921

13, 660
1,886

15, 556
1,926

15, 339

6,041
179
537

LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous of dol
Calf and kip skins
thous. of skins
Cattle hides
_
__thous. of hides. _
Imports:
Value total 9
_.
thous. of dol-_
Sheep and lamb skins
thous of pieces
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins packer heavy 9V6/151b
dol perlb
Hides steer heavy native over 53 Ib
do

5,223
121
459

6,088
134
557

6,284
158
586

5,042
142
514

6,962
248
646

8,793
183
921

7,106
253
692

7,849
233
740

6,496
279
605

9,288
390
837

6,456
256
523

6,350
172
569

8,029
3,822
2,189

5,947
2,160
1,413

4,926
916
1,551

4,173
1 573
1,306

4,955
1,665
1,288

3,856
1,088
1,278

3,936
980
1,126

4, 423
1 775
1,246

3,407
804
849

7,304
5,127
1,338

5,860
3,384
1,171

5,832
2 648
1,341

580
.133

.580
.143

.525
.148

.525
.138

.550
.138

.550
.133

.575
.128

.575
.118

.575
.113

.625
.143

.625
.143

» 650
".148

LEATHER
Production:
589
332
532
528
556
536
617
593
562
630
561
496
Calf and whole kip
thous. of skins
1,934
1,976
1,956
1,496
1,815
1,946
1,947
1,911
1,900
1,820
1,789
1,870
Cattle hide and side kip0 thous. of hides and kips
1,449
1,264
1,292
1,338
1,410
1, 371
1,744
1,183
1,344
1,175
1,071
1,420
Goat and kid©
__thous. of skins2,567
2,843
2,493
2, 502
2,671
1,850
2,838
2,367
2,354
2,473
3,008
2,442
Sheep and ^mb©
do
Exports:
3,898
6,892
3,738
4,993
2,806
4,277
2,829
2,
725
4,403
5.158
5,504
2,451
6,017
Glove and garment leather
_ _ thous. of sq. ft
4,351
4,149
2,390
4,168
4,274
5,611
4,292
4,336
3,875
3,798
3,960
2,952
4,258
Upper and lining leather.
do. -Prices, wholesale:
.683
.683
.663
.673
.690
.700
.673
.677
.687
717
.680
v 697
Sole bends light f o b tannery
dol per Ib
Upper, chrome calf ,B and C grades, 'f.o.b. tannery
1.387
1.303
1.313
1.313
1.400
1.353
1.373
1.303
1.333
1.417 * 1.444
1.333
dol. per sa. ft__
r
Revised.
f> Preliminary.
* Revised estimate of I960 crop.
2 August 1 estimate of 1961 crop.
JRevisions for 1958 appear in Census report, "Fats and Oils, 1958" (Series M28-1-08); scattered revisions for January-March 1960 will be shown later.
cfProduction of refined ils covers
only once-refined oils (alkali refined).
*New series; data prior to August 1958 are available from reports of the compiling agency (Bureau of the Census).

9 Includes data for items not shown separately.




©Revisions for January-March 1959, and January-March 1960 (also for 1958 for sheep and lamb) will be shown later.

SUEVEY OF CURRENT BUSINESS

August 10C1
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-31
1961

1960

June

July

DecemOctober NovemAugust September
ber
ber

January

February

March

April

May

June

July

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
Women's

do

Infants' arid babies'

do

Slippers for housewear
do
Athletic
do
Other footwear
do_ _
Export^
do
Prices, wholesale, f.o.b. factoo7:
Men's and bovs' oxfords, dress, elk or side upper,
O oo d v e nr welt
1 947-49 = 1 00
Women's oxfords, elk side upper, Goodvear welt
1947-49=100
"\\~oi r ien's pumps low-medium Quality
do

49, 994

43, 600

58, 122

48. 868

47, 476

45, 652

43, 023

50, 659

50, 305

57, 561

47, 021

48, 670

50, 088

42. 417

37, 568

48, 518

40, 001

37. 812

36, 194

37, 956

46, 809

46, 241

51. 597

41, 244

42,211

42, 554

8, 868
2 081
22, 833
5 774
2 861

G, 843
2 114
20, 999
5 481
2, 131

9, 265
2 373
26, 328
7 361
3, 191

8, 367
1 997
20, 622
6 100
2 915

8, 285
1 879
19, 102

7, 809
i 6f,9

8,345

8,702

8,887

2' 961

5 44°
3 025

26,193

2 977

6 856
3 310

8, 465
1 993
25, 730
6 769
3 291

9,800

18 9f>9

7, 883
1 812
19, 702

2 120
29! 677
6 542
3 458

1 842
23, 140
4 776
2 784

2 080
23, 020
5 218
3 006

6. 239
722
616
147

5,179
410
443
155

8, 406
577
621
245

7, 734
563
570
217

8, 51 0
601
553
241

8, 301

3,949

2^9

4, 795
524
458
179

5,490

569
210

4,915
573
476

133. 5

133.5

133 5

133. 5

133. 5

146.7
133 7

346.7

146 7
133 7

146. 7
133 7

146. 7
133 7

133 7

2 105

8, 495
2 097

23,216
5 96*3
2 783

3,328

530
588
134

3,115
439
296
129

133. 5

133. 5

133 5

133. 5

133 5

133 5

•p 133. 5

146. 7
133 7

146. 7
133 7

146 7
134 8

146 7
134 8

146 7
134 4

146 7
134 4

T 146 7
p 13d 4

2,302

2 567
'330
2 758
384
2 374

3, 005
381
2, 6?4
3 065
404
2 661

2, 885
3SS
2 497
2 933
407
9
9 830
3 760
6 070

432
304
191

528
441
135

6, 235
695
604
169

LUMBER AND MANUFACTURES
LUMBER— ALL TYPES!
National Lumber Manufacturers Association:
Production, total
mil. bd. f t _ .
Hardwoods
do
Softwoods
do
Shipments total
do
Hardwoods
do_ __
pnf 1 woods
do
Stocks C"TOSS) mill end of month total
Softwoods
Exports total sawmill products
Import 1 ^ total sawmill products

do
do

3, 196

3, 209
531
2 678
3 069
495

3, 003
510
2, 493
2 897
473
2 424

2, 796
550
2 246
2 695
496
2 199

2. 544
508
2. 036
2 461
466
1 995

2,247

3, 110
514
2, 596

2,701
540
2, 1 61
2,617
473
2,144

432
1,815
2 337
423
1 914

2, 263
400
1,863
2 271
410
1 861

421
1,881
2 258
428
1,830

2, 696
404
2 292
2 856
452
2 J()4

10, 064
3 676
6, 388

9,911
3 743
6, 168

10 050
3 779
6 271

10 157
3 816

6 ? 341

10 258
3 870
6 388

10 341
3 912
6 4l)9

10 950
3 991
6' 329

10 243
3 911
6 332

10 286
3 904
6 382

10 126
3 856
6 270

9 934
3 SO9
6 132

9 876
3 779
6 097

9

557

2,639

83, 094

2,574

2,237

M bd ft
do

416,092

68 899
367, 136

63 91
370, 988

74 185
345, 196

69 322
331, 708

61 855
312, 168

69 354
257, 600

49 888
256 238

53 402
261 562

62 080
340 258

56 483
335 434

86 709
437 508

mil. bd. ft
do
do
_
do
do

711
483
702
756
1,154

643
515
574
611
1,117

732
486
772
760
1, 128

659
440
706
705
1, 130

615
426
623
629
1, 124

6^8
436
598
608
1,114

576
412
553
600
1,066

548
422
604
538
1,133

539
445
567
516
1,184

863
586
694
722
1,156

626
529
644
684
1,115

687
491
738
1, 131

37, 889
Exports total sawmill products
M bd. ft
18, 376
Sawed timber
do___
19, 513
Boards planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
dol. per M bd. ft_. 80. 405
Flooring, C and better, F. G., 1" x 4", R. L.
dol. per M bd. ft.. 130.919
Southern pine:
593
Orders, new
_
_ _ mil. bd. ft__
208
Orders, unfilled, end of month
___do
Production.
_
do
650
Shipments
do
606
Stocks (gross), mill and concentration yards, end of
2,072
month
mil. bd. ft
9,123
Exports, total sawmill products
M bd. ft
2,136
Sawed timber
do
6,987
Boards, planks, scantlings, etc
do
Prices, wholesale, (indexes) :J
Boards, No. 2 and better, 1" x 6", R. L.
114.8
1947-49=100.Flooring, B and better, F. G., 1" x 4", S. L.
94.9
1947-49=100-.
Western pine:
Orders, new
mil. bd. ft._
736
Orders, unfilled, end of month.-.
do
339
Production
_
do
829
Shipments
do
767
Stocks (gross), mill, end of month
do
2,170
Price, wholesale, Ponderosa, boards, No. 3, 1" x 12",
78. 620
R. L. (6' and over)§ _
dol. per M bd. ft

31 , 587

24, 576

29,135

25 912

18,724

11,847

12, 880
16 255

11,778

12, 729

28 408
1 6, 425
11 983

24 422
12 215
12 207

21 403
8, 305
13 098

28 554

12, 863

33 460
13, 709
19 751

21 467
7 797
13 670

23 503
13 060
10 443

SOFTWOODS^
Douglas fir:
Orders new
Orders, unfilled, end of month __
Production
Shinments
Stocks (pross), mill, end of month

14 134

11,286
17 268

2 5 <i

717
505
705
703
1, 135

80. 757

80. 235

80. 057

79.046

78. 369

78.810

77 678

76 984

78. 231

81 360 " 80 188

131. 180

129.819

129. 734

128. 679

128. 246

127. 400

127. 400

126. 955

125. 641

126. 064 P125. 408

502
203
534
507

559
198
561
564

545
174
566
569

535
167
564
542

493
162
544
498

459
165
458
456

493
196
464
462

451
209
441
438

680
278
564
611

550
290
592
538

591
256
613
625

548
227
579
577

2,099
11,003

2,096

2 115

2 101
6, 136
903

2 163

2 168
5 081
1 186

2 121
5 242
783

2 105
5 065
833

4,667

5,233

1 521
4,312

2 165
4, 725
686

4,039

3,895

4,459

2 093
7 342
1 116

2 095

2 375

5,735

2, 093
6, 426
1 273
5, 153

4,232

6,226

113.2

111.4

110.3

108.9

107.2

107.1

105. 7

103 9

105 2

106 6

106 9

94.1

93.9

93.6

93.6

93.4

93.4

92.7

92.5

92.5

92.4

v 92 8

703
378
691
664
1,960

771
364
871
785

644
322
684
670
2, 116

546
308
563
560
2 119

607
332
542
583

2,046

710
348
782
726
2, 102

2,078

572
342
494
562
2,010

543
321
554
5^4
2 000

835
489
644
668
1 976

717
455
689
751
1 914

812
388
843
879
1 878

75. 950

72.280

69. 650

69. 560

68. 750

70. 160

70 220

69 720

69 890 •P 73 350

3 925
12, 550
2 175
3 000
9 275

3 650
12 050
3 350
4 100
8 525

2
10
3
3
8

500
200
000
050
250

2
10
3
2
8

950
475
125
700
650

2
10
2
2
8

995
550
800
625
850

2
10
2
2
9

950
950
900
500
300

3 050
ll' 400
2 600
2 675
9 275

3 400
11 450
3 050
3 050
9 275

3
12
2
2
9

750
520
800
700
300

3
12
3
3
9

400
850
100
150
200

3 525
12 000
3 1^0
4' 300
8 150

64 099
35, 952
64 001
63 796
96, 267

81 136
38, 170
78 298
78 917
93, 902

65 882
32' 517
74 340
70 894
94, 590

59
29
69
65
99

585
014
970
148
172

53
26
62
54
106,

501
382
376
772
776

57
27
62
56
112

261
891
740
850
666

68
47
60
68
100

543
326
738
538
352

61
41
73
69
102

978
202
610
953
264

63
35
70
70
99

3 643
7, 360

8, 545
2,810

69. 670

7,042

5,833

775
355
780
807
1 851

HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
M bd. ft
4,075
Orders, unfilled, end of month
_ _ do
12, 050
Production
do
3,200
Shipments
_
do
4,250
Stocks (gross), mill, end of month
do
10, 000
Oak:
Orders, new
do
72 107
Orders, unfilled, end of month
do
34, 901
Production
do
76, 499
Shipments
do
79, 498
Stocks (gross), mill, end of month
do
98, 317
Plywood (except container and packaging), qtrly. total:
Shipments (market)
M sq. ft., surface measure.. 216, 066

2 550

11,200
3 225
3 400
8, 300
72 246
34, 858
76 248
75 796
92, 397

207,993

r
Revised.
v Preliminary.
^Revisions will be shown later as follows: Shoes and slippers, production (1958
ary 1960); exports and imports (1959).
{Effective with the July 1960 SURVEY, price indexes replace actual prici
with datafor
through
1958 which cover a different specification.
Digitized
FRASER



192, 516

54
30
56
53
114

9

S1
339
559
475
790

83
43
66
70
110

202
547
583
303
287

922
403
787
586
332

_

SURVEY OF CURRENT BUSINESS

S-32
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1901

1960
June

July

August

1961

Septem- October Novem- December
ber
ber

January

February

March

April

May

Juno

July

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys):
Exports total* 9 t
thous. of short tons
Steel mill products* t
__ _ - do.
ScrapJ
do
Imports totalf9t
Steel mill products* J
Scrap

do
do_ _.
do

1,012

383
621

741
331
401

1,194
328
860

907
228
655

953
231
683

1,009
234
733

771
162
571

770
132
584

948
147
777

969
168
780

888
138
683

1.319

304
213
17

242
177
18

253
184
15

299
207
15

268
180
12

239
199
11

231
189
17

179
145
19

177
152
14

249
211
20

274
235
22

321
266
17

5,181
3,181
1, 999
4,994
9, 661

4,150
2, 555
1,595
4,120
9, 700

4, 650
2, 852
1, 798
4,724
9, 629

4,536
2, 736
1,800
4, 646
9,514

4 896
2, 829
2. 066
4, 901
9,513

4, 370
2, 645
1,725
4,413
9 472

3, 959
2,408
1, 551
4,187
9, 252

4,164
2.523
1.642
4, 546
8,876

4 114
2, 505
1 608
4,397
8 591

4,999
2,914
2.086
4, 983
8 613

5,071
2, 936
2, 135
5,226
8 465

2,401
* 5, 974
r
8, 293

11, 645
12. 816
4,215

10, 442
12, 723
3,742

11,034
11,176
4, 293

8,789
9, 252
3,070

6, 423
7, 426
2,593

3.959
3.783
2,011

3,672
1,142
1,527

3, 322
1,099
1,634

3. 268
1,137
1, 662

3,618
1,408
1,226

3, 648
1, 617
1,227

6, 653
6, 209
2, 041

16, 293
8,060
824
64, 202
12, 446
47, 086
4, 670

15, 705
7,014
788
71, 383
10, 176
55, 776
5,431

13,894
6,729
1,162
78. 936
10,045
62, 942
5, 949

11,049
6, 356
849
83, 699
9,581
67, 634
6. 484

9,906
6, 694
466
86, 241
8, 579
70, 846
6, 816

5, 867
6, 362
126
85, 849
8, 755
70, 351
6. 743

2,660
5, 895
89
85, 237
11,282
67,116
6,839

2, 602
6, 218
92
84. 730
14,342
63, 500
6,888

2 448
6, 060
51
83, 235
16,470
59, 887
6.878

•? 897
6, 953
77
83, 114
18,674
55,831
6, 609

2 756
7,113
134
78, 567
20, 707
51,474
6, 386

7 139
8, 313
77. 715
21, 167
50 252
6,296

154

103

100

109

85

89

94

81

93

78

36

142

5, 261
5,255

4,480
4,405

4,470
4,616

4, 108
4,274

4,473
4,500

4, 138
4,116

3, 841
3,838

4, 039
4, 125

3. 937
4,053

4 514
4,634

4,680
4,839

5, 646
"• 5, 864

5 687
P 5. 873

1,579

159

146

1,118

1,388

Iron and Steel Scrap
Production and receipts total
thous of short tons
ITome scrap produced
do
Purchased scrap received (net)
do
Consumption, total
_
__ -_
do

r 5, 782
r 3, 381

P
P
p
p
p

5. 628
3, 368
2 %0
5. 540
8 394

Ore

Iron ore (operations in all U.S. districts):
Mine production
thous of long tons
Shipments from mines
do
ImportsJ
-- - do
U.S. and foreign
ores and ore agglomerates:
Rpcoipt'-1 f)f iron and steel plants
Consumption at iron and steel plants
ExportsJ
-Stocks total end of month
At mines
4t furnace yards
At U S docks

do
do
do
do
do
do
do

Manganese (manganese content), general imports t
thous of long tons

372

11 302
8, 545

53.019
6, 115

Pig Iron and Iron Manufactures

Pig iron:
Production (excl. blast furnace prod, of ferroalloys)
thous of short tons
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons__
Prices:
Composite
dol. per long ton
Basic (furnace)
do
Foundrv No 2 Northern
do
Castings, gray iron: 0
Orders, unfilled, for sale, end of month
thous of short tons
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of month
thous of short tons
Shipments, total
_ _
do

3, 644

3,758

3.696

3,617

3,659

3,710

3,770

3,685

3,611

3, 559

3,404

r

3. 190

P 3. 054

65. 05
66. 00
66. 50

65. 95
66. 00
66.50

65. 95
66. 00
66.50

65. 95
66. 00
66. 50

65. 95
66.00
66.50

65. 95
66.00
66. 50

65. 95
66. 00
66. 50

65. 95
66. 00
66.50

65. 95
66.00
66.50

65.95
66. 00
66. 50

65.95
66. 00
66. 50

65. 95
p 66. 00
p 66. 50

65. 95

65. 95

720
1,050
602

755
803
451

713
859
540

695
900
527

647
905
500

569
836
455

553
749
395

600
760
406

621
702
378

652
856
497

645
869
504

651
982
572

64
73
43

74
50
29

70
59
37

69
63
36

57
64
35

56
63
35

55
57
32

52
58
34

48
51
30

45
58
34

48
56
31

59
68
40

7, 405
92.7

6, 351
77.0

6, 838
82.9

6, 458
80.9

6. 868
83.3

6,172
77.3

5. 840
70.8

6,416
77.8

6. 239
83.7

7,086
85.9

7, 585
95.0

8 981
108. 9

8. 552
107. 1

p 8, 090
J>98. 1

137
107

90
67

102
77

104
80

103
80

100
78

108
87

96
77

9-3
72

107
83

94
71

103
79

293. 9
110. 1
82.0

293.4
79.2
58.2

299. 0
88.3
63.1

301 . 7
93. 9
69. 6

277.2
97.2
73.2

264. 8
92. 6
66. 8

268. 2
89. 6
64.0

265. 6
95. 1
69. 5

263.4
89.1
64.4

262. 0
96.3
70.4

264.4
95. 6
70.0

Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
thous of short tons
Index
1957-59=100.Steol castings:
Shipments total
thous of short tons
For sale total
do
Steel forgings (for sale) :
Orders unfilled end of month
do
Shipments total
do
Prices:
Composite, finished steel (carbon)
dol. per l r > _ _
Steel billets, rerolling, carbon, f.o.b. mill
dol per short ton
Structural shapes (carbon), f o b . mill dol per Ib
Steel scrap, No. 1 heavy melting:
Composite (5 markets) §
dol per long ton
Pittsburgh district
do

r

r

r

262 3
105. 4
78. 3

258. 7
107. 6
79 9

. 0698

T

. 0608

. 0698

. 0698

. 0698

. 0698

. 0698

. 0698

. 0698

. 0698

.0698

.0698

.0698

95. 00
. 0617

95. 00
. 0617

95. 00
. 0617

95. 00
.0617

95. 00
. 0617

95. 00
.0617

95. 00
.0617

95.00
.0617

95. 00
. 061 7

95. 00
.0617

95. 00
. 0617

p 95. 00
p .0617

31.12
31. 00

31.28
30.50

32.20
30.50

31.87
30. 50

29 5'?
28. 50

28.33
27.00

28 66
27. 00

31. 54
30. 00

33.04
32.00

36. 35
35. 00

38. 76
37.00

p 36 25
p 35. 00

1 702
1.986

1, 681
1, 762

1,619
1,892

1,607
1.847

1,378
1,715

1,295
1,711

1 . 234
1, 604

1,438
1,639

1, 529
1, 634

1,588
1,937

1,623
1,797

1.450
1.959

426
232
363
1 , 627
32, 199

455
277
399
1,377
25, 507

603
411
536
1,706
24, 952

555
392
484
1 , 570
23, 609

419
274
358
1,492
20, 486

319
189
272
1,407
15,419

346
196
298
1,224
15. 550

289
171
237

292
171
239

374
217
312

371
218
304

416
244
349

. 0698

Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders, unfilled, end of month
thousands
Shipments
do
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use thous of short tons
FoodfB
do
Shipments for sale
do
Closures (for "'lass containers) production
millions
Crowns production
thousand gross

Steel products, net shipments:
4, 638
5, 072
4,944
4, 516
4,116
5,133
4,711
4.251
4, 983
5,047
5, 921
6,048
6,134
Total (all grades)
thous. of short tons_.
179
166
174
184
195
188
176
183
171
180
171
217
221
Semifinished products
do
308
321
384
367
320
324
377
321
447
348
397
437
440
Structural shapes (heavy) steel piling
do
354
388
378
484
405
378
395
478
370
373
458
488
489
Plates
do
64
58
46
83
83
133
91
76
51
50
58
84
94
Rails and accessories
do
r
Revised.
*> Preliminary.
t Revised (beginning in the February 1960 SURVEY) to include certain metal manufactures classified by the industry as steel mill products but formerly omitted from the total shown here;
see note marked "*".
9 Includes data not shown separately.
*New series (from Bureau of the Census). Data beginning January 1959 revised (in the April 1960 SURVEY) to include exports of secondary tinplate. Revisions for 1958 for total and steel
mill products exports and imports are shown in the March 1960 SURVEY (bottom p. S-32).
©Revisions for 1958-59 are available upon request.
J Scattered revisions for 1957-59 are available upon request.
§Represents the weighted average of consumers' buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham, and
San Francisco.
©Excludes shipments of food cans of the pressure-packing type; such types are included in total shipments.




SUEVEY OB^ CURRENT BUSINESS

August 1901
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-33

I960
June

July

August

1961

Septem- October Novem- December
ber
ber

January

February

March

April

May

June

July

METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products — Continued
Steel products, net shipments— Continued
Bars and tool steel total
thous. of short tons
Bars* Hot rolled (incl li^ht shapes)
do
Reinforcin°°
do
Cold
finished
do
Pipe and tubinp"
__ - do
"Wire and wire products
do
Tin mill products
do
Sheets and strip (incl. electrical), total
do
Sheets' Hot rolled
do _
Cold rolled
do _ _
Fabricated structural steel: 9
O^d^rs new (net)
thous of short tons
Shipments
- do __
Backlog, end of month
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary, domestic, thous. of short tons__
Estimated recovery from scrapA
do
Imports (general):
Metal and alloys crude!
d*o
Plates, sheets, etc.t.-do -Stocks, primary (at reduction plants), end of month
theus. of short tons__
Price, primary ingot, 99.5%-f 0
dol. per l b _ _
Aluminum shipments:
Mill products and pig and ingot (net)! mil. of lb__
Mill products total
do
Plate and sheet
- -- do
Casting
__do
Copper:
Production:
Mine, recoverable copper
thous. of short tons..

803
479
210
106
576
215
654
2,422
579
1,319

623
362
183
74
515
595
581
1, 856
440
977

772
453
223
91
559
243
555
1, 964
506
994

768
405
208
88
543
244
425
2, 075
585
1,026

806
487
229
84
483
224
363
2, 039
581
1,004

730
464
176
85
432
204
308
1.845
500
906

621
392
148
75
407
182
288
1.695
450
866

669
436
141
80
489
197
577
1,790
485
872

627
402
141
77
425
190
466
1, 599
454
743

758
471
ISO
91
544
251
528
1. 825
491
847

800
470
237
88
566
266
524
1, 889
520
885

904
572
220
105
647
301
609
2, 361
657
1,126

929
576
238
108
739
299
605
2,319
650
1,079

300
374
2, 507

302
339
2,490

293
373
2,389

291
364
2, 326

246
353
2, 291

269
325
2, 278

249
277
2, 333

308
262

257
260

296
292
2, 392

309
319
2,378

392
365
2, 458

298
361
2,415

171.4
31.0

177.6
29.0

173. 0
33.0

162.9
31.0

167.0
32.0

161. 2
29.0

165. 5
28.0

161.4
29.0

138. 6
25.0

152.0
28.0

144. 6
30.0

157. 5
34.0

159. 1

15.2
3.3

12.9
2.0

14.4
2.6

10. 5
2.7

16.1
3.2

14.4
2,7

11.3
3.4

10.8
3.3

8.6
3.5

15.5
4.7

12.4
3.3

16.8
4.2

170. 0
.2810

203. 6
. 2810

211.7
. 2600

225. 9
. 2600

248.4
. 2600

257. 1
. 2600

259. 5
. 2600

291. 4
.2600

287.4
. 2600

277.9
.2600

266. 4
.2600

252.9
.2600

412.4
278.4
150. 4
60.1

355. 5
253. 1
143.0
45.7

422.5
261. 4
139.7
58.8

358. 8
253. 2
134. 0
62.1

309. 8
246. 4
128.4
63.8

369. 7
236. 9
127.8
63. 4

378. 5
226. 4
121.6
63.6

341. 6
241. 3
131.9
60.8

349.3
232.5
124. 6
57.1

396.6
281. 3
151. 3
62.5

361.2
268. 6
143.2
60.3

424.8
294.9
155. 5
63.7

95.2
142.7

86.3
124. 7

90.9
135. 6

97. 5
139. 4

100. 5
128.2

98.2
131.9

99.1
133.3

97.3
127 A

88.3
120.0

100.4
140. 1

90.9
128.7

' 102. 4
137. 8

1

247. 5
. 2600

98.5
138.1

!

. 2600

108.1
88.3
97.3
93.4
101.0
86.0
106.1
107.3
102.3
107.6
From domestic ores
- _do
89.3
99.6
101.6
36.4
34.5
38.4
38.3
34.8
26.4
34.0
32.7
31.7
30 5
31.7
38.1
From foreign ores
do
32.3
23.4
24.8
23.0
24.6
25.6
18.7
24.2
24.9
21.5
25.8
21.3
24.7
Secondarv recovered as refined
do
20.5
Imports (general):
34.7
55.2
52.6
36.3
48.3
28.2
Refined, unrefined, scrap©!
do
61.9
33.1
26.7
39 3
32.3
36.6
26 7
7.5
6.8
9.0
7.7
6.6
4.8
5.2
6.2
5.1
4.4
4.7
6.0
Refined
do
7.1
Exports:
64.5
78.4
57.8
60.5
54.7
62.0
55.4
Refined, scrap, brass and bronze Ingots.
do
63.5
77.4
49.4
47.2
66.1
51.9
38.8
45. 0
58.7
42.9
37.2
44.8
Refined
do
60.7
38.6
49.7
31.4
30. 5
47.0
36. 4
121.2
120.8
71.7
125. 8
114.0
100.0
Consumption, refined (by mills, etc.)
do
99.9
122.3 p 120. 9 rr p 141.2 p 147. 8
108.8
108.9
174,1
196.8
198.0
187. 6
230.
0
206. 4
213.1
Stocks, refined, end of month, total__.
do
228.
S
p
194.
4
P181.8
228.0
219.0
^164. 8
100. 7
117.2
110.2
112.8
94.5
99.8
100.2
96.8
92.9 p 100. 8 >• P 98. 4
Fabricators'
do
100.4
p 97. 6
.3260
.3260
. 3260
. 3260
.3060
.2860
Price, bars electrolytic (N.Y.)
_ _ dol. per Ib
. 2906
. 2860
. 2998
.2960
.3060
.2960
. 3060
. 2860
Copper-base mill and foundry products, shipments
(quarterly):
r
P 551-)
482
445
Brass mill products
mil of Ib
458
448
P 414
393
364
378
361
Copper wire mill products 0
do
p 185
225
190
198
195
Brass and bronze foundry products
do
Lead :
Production:
r
20.0
20.2
16. 6
18.2
18. 6
20.8
Mine, recoverable lead
thous. of short tons..
19.2
24.6
22 8
23.2
21.9
18.0
22.7
33.5
41.0
38.1
41.0
35.2
36.3
41.0
36.9
38.8
38.7
Secondary, estimated recoverable© t-do _
36.5
38.7
33.4
30.0
35.7
22.8
24.9
Imports (general), ore©, metal*
do
26.8
26.6
25.8
37. 5
26.1
35.5
32 8
87.5
76.8
90.9
86.9
79.7
Consumption, total
do
86.0
83.4
77.2
77.6
89.1
83.7
83.3
Stocks, end of month:
Producers', ore, base bullion, and in process©
143.8
140.5
144.5
150.9
156.0
129.5
(ABMS')
thous. of short tons__
146.9
145.1
125. 7
137.9
115.0
112.4
111.1
Refiners' (primary), refined and antimonial©
128.
1
134.1
136. 5
139. 5
thous. of short tons__
136.7
183.0
151. 9
158.2
187.0
195. 6
169.2
194.7
125.8
120.1
128. 4
110.5
118. 1
91.8
94.4
107.7
94.5
94.8
110.6
Consumers' cf
-- - --do
109.7
42.8
39.8
44.0
45. 6
43.6
Scrap (lead-base, purchased), all consumers-.do
41.6
42.2
42.8
41.0
43.7
39.6
39.5
.1200
.1200
. 1200
Price, pig, desilverized (N.Y.)
dol. perlb__ .1200
.1200
.1100
.1200
.1138
.1100
.1100
.1100
.1100
.1100
.1100
Tin:
Imports (for consumption) :
1,801
1,160
1, 555
Ore©!
- long tons
929
1,001
512
1,188
802
319
1,226
1,373
223
4, 175
2,149
3,780
2, 872
3,262
2, 261
Bars, pigs, etc!
do
1,998
2,523
3,108
2,058
1,785
3,046
1,960
1,500
2,020
Estimated recovery from scrap, total©
do
1, 800
1,815
1,750
r 1, 900
1,725
1,860
1,815
1,750
1, 935
270
240
275
290
As metal
do
220
230
265
225
225
230
220
250
7,685
6,520
6,995
Consumption, pig, total
_ _ do
6, 030
5,600
5, 475
5, 505
4,915
5,965
6,490
6, 410
6,860
5,220
4,655
4, 635
3,760
3,290
Primary
do
3,570
3, 035
2,845
3,990
3, 680
4,080
4,380
103
2
39
19
Exports, incl. reexports (metal)
do
58
22
17
79
125
305
32
120
20, 775
20, 650
20, 370
22, 145
22, 910
Stocks, pig (industrial), end of month
do
22, 790
22, 610
20, 645
24, 798
23, 935
19, 630
18, 600
1.
0131
1.
0349
1.
0285
1.
0223
Price, pig, Straits (N.Y.), prompt
dol. perlb._
1.0328
1. 0282
1.0098
1.0114
1. 0038
1. 0340
1.0708
1. 1003
1.1455
1.1625
Zinc:
Mine production, recoverable zinc
39.3
37.1
34.0
30.5
27.9
thous. of short tons__
38.8
27.8
35.2
43.2
40.3
38.1
39.4
'39.6
Imports (general):
32.8
Ores and concentrates©!
do
40.7
35.7
30.4
40.6
35.5
29.7
27.1
30.0
39.4
25.5
33.3
15.5
Metal (slab, blocks)!
do
3.7
8.1
7.9
17.3
11.2
12.2
7.6
6.2
16.5
7.6
10.6
Consumption (recoverable zinc content) :
6.2
Ores©
_
do
6.6
5.3
6.0
4.8
5.6
7.4
8.5
8.1
5.9
6.8
6.6
18.7
18.2
Scrap, all types
_
do
15.0
19.6
19.9
17.8
15.6
18.5
17.3
18.5
18.7
'16.9
Slab zinc:
Production (primary smelter), from domestic and
foreign ores
thous. of short tons__
72.8
70.0
59.5
56.1
58.7
56.9
69.4
66.3
69.2
74.0
73.6
69.3
3.9
Secondary (redistilled) production, total
do
3.7
4.4
3.9
4.3
4.0
3.5
3.4
3.9
4.4
3.6
4.3
73.9
Consumption, fabricators', total
do. _
55.2
68.5
67.0
67.8
62.7
62.2
63.8
60.6
64.3
69.6
80.6
Exports!.
do
4.2
2.4
7.6
9.1
4.8
7.8
14.2
9.2
6.1
6.4
3.5
2.6
Stocks, end of month:
Producers', smelter (AZI)
.do
187.7
207.1
200.6
192.5
182.1
190.3
190.8
206.4
215.0
222.9
219.0
213.1
207.8
206.6
74.2
72.3
Consumers'.
do _
67. g
68.3
65.3
69.9
62.4
66.1
60.0
59.1
'56.8
60.2
.1300
Price, prime Western (St. Louis)
dol. perlb_.
.1300
.1300
.1300
.1300
.1300
.1248 2 . 1153
.1150
.1150
.1150
.1150
.Il50
.1150
r
Revised.
* Preliminary.
1 See note marked "O". 2 Average I ased on a ctual mar ket days; excludes ilominal p rices for o ther days
9 Revised (effective with the May 1961 SURVEY) toconform with resu Its from t he 1958 C ensus of IS lanufactu res; re vis ons for 19 55-59 are available upon reqtlest,
© Basic metal content.
A Effective with the F ebruary I960 SURV EY, data include e stimates f or nonrep orting coiTipanies a nd are ex pressed i i metallic content (including alloying
constituents);
about »o
93 percent
of nmetallic
tstituuntcv, aluminum
<aiuiii.uiu.iii content
uuuieiit is auuuu
peiceiit ui
uuiueui.
netallic co
ntent.
O Effective August 1960, price refers to aluminum formerly called "processed pig" and now sold as "unalloyed ingot"; January-July 1960 price comparable with August 1960, $.2600.
§Data for 1958 have been adjusted to industry totals based on the expanded survey of producers introduced in January 1959; revisions for 1958 are shown in the January 1960 SURVEY
t Revised effective with the February 1960 SURVEY to include monthly estimate of lead recovered from nonreportine secondary smelters and lead recovered from copper-base scrap; revisions
for 1958 are shown in the February 1960 SURVEY.
cf Consumers' and secondary smelters* stocks of lead in refinery shapes and in copper-base scrap.
^Scattered revisions for 1957-59 are available upon request.




SURVEY OF CURRENT BUSINESS

S-34
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

Aiifrnst 10C1

1960

June

July

August

1961

SeptemNovem- DecemOctober
ber
ber
ber

January

February

March

April

May

June

July

METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXCEPT ELECTRIC
Radiators and convectors, cast iron:
Shipments
mil. of sq. ft. of radiation. _

1.5
5.0

1.3
4.3

1.8
3.8

2.1
3.4

1.9
2.8

1.5
2.7

1.0
2.8

1.0
2.9

1.2
2.9

1.0
3.3

.9
3.7

4^6

1.1
4.3

46.9
65.8

34.9
66.4

46.6
58.2

64.6
49.4

64.6
45.1

40.3
41.6

29.2
44.2

42.0
44.1

37.7
44.1

33. 8
48.9

38.1
51.5

38.1
53.7

44.1
55.4

174.4
3.4
166. 8
4.2

3.3
105.9

3.6
162.8

4.4
178.7

4.7
169.3

4.2
144.5

2.5
117.9

2.2
114.8

2.6
124.8

3.5
150.8

2.9
136.0

2.7
161.5

2.9
167. 2

186.7
24.4
116.0
46.3

208. 6
25.0
142.9
40.7

253.6
36.7
167.4
49.5

246.7
44.6
150.5
51.6

262.1
45.1
171.6
45.4

172.3
27.7
113.1
31.4

85.6
10.1
47.3
28.2

68.3
8.0
41.2
19.2

70.9
8.6
39.3
23.0

106.3
11.9
74.2
20.2

87.8
15.9
45.7
26.2

107.7
20.4
64.4
22.8

149.1
22.5
95.3
31.4

Warm -air furnaces (forced-air and gravity air-flow),
shipments total At
thousands. _
Gas
'
- - ^°
Oil
do..
Solid fuel
-- --do

107.4
86.6
18.9
1.9

99.2
78.1
18.7
2.4

132.0
101.9
26.5
3.6

147.5
109.4
33.7
4.4

139.7
104.2
31.5
4.0

99.9
76.8
20.8
2.3

73.3
59. 2
13.0
1.1

76.6
61.6
14.1
.9

78.8
63. 1
14.4
1.3

80.7
63.8
15.7
1.1

81.1
65.7
14.4
1.0

90.6
72.1
17.3
1.3

107.2
86. 6
18.9
1.6

\Vater heaters gis shipments

237.9

240.7

262.1

212.5

179.5

161.3

174.0

213.9

199.1

241.2

252.3

210.7

173. 7

Oil burners: A
Shipments
thousands-Stocks end of month
do
Stoves and ranges, domestic cooking, incl. built-Ins: Ac?
Shipments total
thousands
Coal and wood
do
Gas (incl. bungalow and combination)^
do
Stoves domestic heating shipments totalAt
Coal and wood
Ga^f
Kerosene gasoline and fuel oil

do
do
do
do

do

Q

MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fans, new orders©
mil. of dol__
Foundry equipment (new), new orders, net
monthly average shipments, 1947-49= 100. .
Furnaces, industrial, new orders, net:
Electric processing
mil. of dol
Fuel-fired (except for hot rolling steel)
do

44.7
20.3

36 0
21.7

34 9
23.4

38.6
i 14.0

164. 8

80.0

92.4

158.1

81. 7

106.5

101. 2

123.7

81.8

99. 1

115.2

101.5

1.1
1.0

1.5
1.2

1.1
4.4

1.2
1.7

1.2
3.5

.8
2.1

1.2
.4

.8
4.5

.9
1.9

1.0
2.6

.3

1.4
6.1

1.2
3.5

Industrial trucks (electric), shipments:
TTprid (motori?ed)
-number..
Rider-tvpe
do _
Industrial trucks and" tractors (gasoline-powered),
shipments
-number.

507
523

499
502

347
370

465
508

394
506

374
463

342
449

375
343

386
373

394
499

393
426

3«5

427
376

2,087

1, 523

1,624

1,867

1,569

1,655

1,628

1,318

1, 595

1,914

1, 892

1,952

1,844

Machine tools (metal-cutting and metal-forming):
"Yew orders (net) total
mil. of doLf
Domestic
-•
^°
(
Shipments total
-^°
Domestic
^° -F^Hmited backlog (metal-cuttinf only)
months

55.10
35. 75
63.10
51.00
4.0

42. 95
28. 35
51. 30
41. 40
3.9

56.85
42. 50
47.90
37.70
4.1

52. 30
31.85
53. 95
40.25
4.3

56. 20
42. 65
51.35
35. 40
4.3

49. 95
34. 45
48. 55
32.30
4.4

59. 00
35. 60
61. 35
40.95
4.3

56. 10
37. 65
45. 50
31.40
4.3

46. 40
33. 25
45. 65
31.40
4.5

70. 05
51. 45
54. 85
38. 95
4.9

47. 65
36. 00
53. 70
39. 65
4.9

220 9
57 Q
16 1

123.6

i 22 2

1

53.5

i 43. 2

Other machinery and equipment, quarterly shipments:
Construction machinerv (selected types), total t 9
mil. of dol _.
Tractors, tracklaying, total
do
Tractor shovel loaders, integral units only (wheel
and tracklaying types)
mil. of dol—
Farm machines and equipment (selected types),
excluding tractors
m 11 . of dol _ .
Tractors, wheel (excl. garden and contractors' offhinhwav tvnes)
mil of dol

314.1
79. 9
23! s

230. 6
59 7
15 6

175 2
4^ 1
9 3

66. 2

58 8

44 4

M.I

234.4

167. 1

107 0

2°?- 0

74. 3

52.0

97.3

151. 6

r 49. 60
37. 65
r 57. 90
' 43. 95
M.8
r

p 60. 60
v 36. 95
p 64. 30
P 42. 40
p 4.7

ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thousands..
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales
thousands. _
Refrigerators and home freezers, output*. .1957=100—
Vacuum cleaners (standard type), sales billed
thousands..
Washers, sales billed (domestic and export) O._do

2,072

2,131

2, 550

2,708

2,834

2, 634

2,822

2,761

2, 321

1,491

1,334

>• 1, 694

2.036

127.2
122.3

102.9
96.8

123. 4
64.8

144. 0
89.5

129. 1
91.5

119.4
87.9

114.4
106.5

109.4
99.2

128. 1
124. 3

148.2
116. 2

128.4
123.5

131.6
121.1

145. 0
132.0

245. 8
277.0

223.0
217.7

280. 6
296. 5

301.9
352.7

290.1
305. 8

280. 6
275. 3

254, 6

242. 5
228.9

257. 9
227.6

350. 0
305. 6

265. 0
209.7

240.9
247.9

242. 0
304. 3

1, 727. 6 1.468.8 2 1,521.7
500. 0
429.8 2 405. 5

1 , 090. 1
367. 9

1.115.0
444.4

21.384.1
2
497.5

1,124.9
405. 8

1,196.9
470.4

72.0

73.4

92.5

78. 0

75.8

142
28, 487

125
30, 299

129
32, 264

21,551.5
Rad^o spts production^
do
2518.9
Television sets (incl. combination), prod.5
do
Electron tubes and semiconductors, factory sales
88.0
mil. of dol—
Insulating materials and related products:
Insulating materials, sales billed, index
152
1947 49 — 100
Steel conduit (rigid), shipments
thous. of ft.. 27,7.17
Motors and generators, quarterly:
New orders index
1947-49 ~~ 100
Polyphase induction motors, 1-200 hp:
New orders, gross
thous. of dol
Billings
do
Direct current motors and generators, 1-200 hp:
New orders, gross
thous. of doL.
Billings
do

2

890.4
26R. 9

1,048.4
462.3

72.9

87.6

91.0

85.0

79.9

101
24, 562

131
3 26, 815

142
28, 410

124
28, 707

123
23, 620

158

134

152

-

39, 958
40, 489

35, 070
35 935

36, 913
35 466

6, 648
5, 956

5, 966
5, 669

7, 034
6,140

176

44.981
44, 700
6, 768
7. 655

---

1

1,945.1
2
678. 9

130
18, 274

118
22, 597

3

118
21,091

3

'2 1,626.3
••2615.1

P 985. 1
P 376. 4

44, 439

38, 550

--

-

7,222

r
!
2
3
Revised.
» Preliminary.
Data are for month shown.
Represents 5-weeks' production.
Effective \vith August 1960, February 1961, and March 1961, data are included for
4
one additional company.
Excludes data for gas-fired unit heaters and duct furnaces; comparable data for 4th quarter 1960, $15,900,000.
ABeglnning January 1959, industry estimates are based on revised inflating factors and are not strictly comparable with earlier data.
cf Includes data for built-in gas-fired oven-broiler units: shipments of cooking tops, not included in figures above totaled 27,700 and 32,300 units (4-burner equivalent) in April and May 1961,
respectively.
fRevisions for gas heating stoves (January 1958-May 1959) and warm-air furnaces (January 1957-May 1959) are available upon request.
JData beginning 1st quarter 1960 for construction machinery are not strictly comparable with data for earlier periods. See corresponding note in March 1961 SURVEY.
*New series (from Board of Governors of the Federal Reserve System); monthly data for 1947-1958 are available upon request.
9 Includes data not shown separately.
©Data exclude sales of combination washer-dryer machines; such sales (including exports) totaled 10,300 units in June 1961.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for June, September and December 1960 and
March and June 1961 cover 5 weeks; all other months, 4 weeks. ©Revisions for 1958 are in the April 1960 SURVEY.




SUEVEY OF CURRENT BUSINESS

August 1061
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-35
1961

1960

June

July

August

Septem- October November
ber

December

January

February

March

April

May

June

July

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. of short tons__ «»• 1,496
317
Stocks in producers' storage yards, end of mo do
154
Exports
-- do
Prices:
27.16
Retail stove composite
dol per short ton
13.188
Wholesale, chestnut, f.o.b. car at mine
__do _ Bituminous:
Production
_ _ . thous. of short tons- 33, 605
Industrial consumption and retail deliveries, total 9
27, 983
thous. of short tons13, 211
Electric power utilities
do -111
Railroads (class I )
_ _ _ _ _
do
13, 424
Manufacturing and mining industries, total. _do
6, 529
Coke plants (oven and beehive)
_ _ _ do __
Retail deliveries to other consumers

-

do

Stocks, industrial and retail dealers', end of month,
total
_ _
- thous. of short tons _
Electric power utilities
do
Railroads (class I)
_-.
___ _ _do -Manufacturing a-nd mining industries, total do
Oven-coke plants
_ __ do Retail dealers

-

«• 1, 186
290
85

' 1, 704 r 1, 580
336
339
137
149

- 1, 678
319
154

'1,692
327
176

r 1, 794

199
110

1,803
110
134

1,756
64
89

1,468
98
107

27 28
13. 608

27 33
13.608

27 34
14. 098

27 55
14. 098

27 64
14. 098

27 88
14. 098

28 34
14. 420

28 56
14. 420

28 56
14. 420

25, 275

36, 449

34, 454

35, 257

33, 352

32, 846

32, 570

28, 970

26, 587
13, 373
99
11,878
5,720

28, 824
14, 698
107
12, 282
5,672

27, 453
13 658
112
11,590
5, 169

30, 159
14 304
192
12,929
5,576

30, 537
14 654
175
12, 905
5 035

34, 409
16 673
213
13,623
4,917

34, 702
16 903

30, 230
14,730

13, 727
5,035

12,403
4,792

1,098

1,119

1,616

1 978

2,609

2 729

3,886

4,069

73, 928
48, 275
178
24, 770
12, 391

70, 235
47,517
158
21, 823
10, 343

72, 662
49, 334
162
22, 380
10, 742

74. 458
50 813
163
22 679
10,918

76, 206
52 215
164
23 006
11 083

76, 730
52 435
180
23 ?83
11 204

73, 244
49 937
190
22 451
11,029

1,197
153
12

1,447
247
95

r 1,372

27 47
28 56
14. 420 P 11. 971

27 47

29, 950

29, 220

' 34,250

31,960

30, 470
14 773

28, 423
13 500

28, 402
13 574

28, 016
13, 722

13, 421
5, 345

12, 969
5,495

13, 540
6,159

13, 180
6, 196

3,097

2 273

1 909

1,193

1,010

69, 194
47 157

66, 463
45 245

65, 183
44 627

65, 007
45 017

67, 890
46 937

70. 698
48 360

21 477
10, 484

20 683
9,789

20 158
9 551

19 640
9 332

20 499
9.849

21 788
9, 931
550

r

- - - do __

705

737

780

803

821

832

666

560

535

398

350

454

Exports?
do _
Prices:
Retail composite
dol per short ton
Wholesale:
Screenings indust use, f o b car at mine do
Domestic, large sizes, f.o.b. car at mine do

3,743

3,308

3,888

3 448

3,763

2 882

2 322

1 867

1 868

1 959

2 541

3 392

16.69

16.78

16.87

17 08

17 21

17 24

17 27

17 30

17 30

17 30

17 23

16 86

5. 161
7. 400

5. 156
7. 403

5. 1 50
7. 619

5 149
7.769

5 149
7.769

5 149
7 809

5 149
7 900

5 149
7 922

5 149
7 922

5 149
7 828

5 037
7 275

v 5 015
»7.213

*• 62
3, 604
1 166

r
57
»• 3, 891
1 153

T
60
3 382
1 202

50
3,494
1 260

61
3,296
1 121

70
3 654
1 237

67
3 797
1 248

r 4, 249
1 218

4,271
3,122
1, 150
1,202
32

4 452
3, 280
1 172
1 208
31

4 029
3,437
1 192
1 194
16

4 707
3 494
1 212
1 174
35

4 757
3 477
1 280
877
11

4 822
3 485
1 338
933
21

4 781
3 401
1 380
933
26

4 697
3 285
1 412
1 025
41

4 726
3 250
1 470
1 102
23

' 4 572
3,094
1 478
1 142
41

4 355
2 920
1 430

30.35

30 35

30 35

30 35

30 35

30 35

30 35

30 35

30 35

30 35

30 35

Crude petroleum:
2,075
Oil wells completed!
_ - number _
1,813
2,108
1,734
1,875
2.97
2.97
2.97
Price at wells (Oklahoma-Kansas)
dol. per bbl__
2.97
2.97
243, 773 257, 522 255, 748 242 999 245 157
Runs to stills!
_ thous. of bbl
84
Refinery operating ratio
percent of capacity
86
85
84
81

1 835
2 97
236 789
81

2 426
2 97
248 928
83

1 880
2 97
259 349
87

1 512
2 97
230 750
86

1 950
2 97
250 964
81

1 643
2 97
234 577
78

2 050
p 2 97
248 973
80

COKE
Production:
«'60
' 53
Beehive
thous. of short tons
Oven (byproduct)..
_._ _ do _ o r 4, 558 * 3, 987
1,042
Petroleum coke§
_
do
1,132
Stocks, end of month:
r
3. 867
4, 070
Oven-coke plants, total!
_
do
' 2, 786 2, 904
At furnace plants!
-- - - do 1,081
1,112
At merchant plants
_do
1,199
Petroleum coke
do
1, 167
37
37
Exports
do
Price, oven foundry coke (merchant plants), f.o.b.
30.35
30.35
Birmingham, Ala
dol per short ton

r

' 78
3, 936
1,250

T

r

* 61

3, 496
1 145

r

r 78

1,180

178

16 74

79
4 209

30 35

PETROLEUM AND PRODUCTS

All oils, supply, demand, and stocks:cf
New supply, total!
thous. of bbl
Production:
Crude petroleum!
__
do
Natural-gas liquids, benzol (blended), etc. I do
Imports:
Crude petroleum
do
Refined products!do
Change in stocks, all oils (decrease,—)
do
Demand, total!
Exports:
Crude petroleum
_.
Refined products! _ _ __
Domestic demand, total 9!-Gasoline!
Kerosene! A -Distillate fuel oil!
Residual fuel oil! --

- -

Jet fuelJA
Lubricants!
Asphalt!_
_
Liquefied gases!
Stocks, end of month, total
Crude petroleum
Natural-gas liquids
Refined products

...

291, 045

291, 271

296, 027

290, 536

297, 806

300,155

309, 742

321,640

291 399

323 645

304 746

308 676

208,161
20, 671

212, 645
27, 884

215, 145
28, 621

209 119
28, 092

215 687
29, 732

213 992
29 519

221 653
31 509

223 497
30 974

204 274 231 596
28 ' 240 30 896

219? ^46
30 053

221 553
29 655

32, 730
23, 483
2, 854

31, 191
19, 551
14,219

32 768
19,493
8,543

32 691
20 634
14, 347

31 458
20' 989
14,810

29 980
28 677
33 688
20 004
33 481
27 903
-4, 678 —48, 020 -25,119

28 708
30' 117
— 7,223

33 276
27 877
14 783

26 969
27 878
24 135

33 566
23 902
16 000

do

288, 191

277 052

287 484

276 189

283 050

304 833

357 762

34A 75Q

r>98 f>22

308 862

280 611

°92 010

do _
do
do

248
5, 74?
271, 002
135 838
8,007
34, 919
30, 834

89
5 938
281, 457
138 371
8] 433
37, 137
36, 240

234
5 393
270, 562
128 ,530
8, 804
39, 683
37, 343

352
5 641
277, 003
126 242
10, 475
45, 100
40, 849

o

do
do
do
do

430
7, 155
280, GOO
138 909
0, 005
39, 755
39, 332

5 104
299', 009
124 855
12' 770
01,550
48, 509

512
5 3°6
351 924
124 ^37
18 769
95, 544
57 051

135
5 014
341,010
114 4 " 5
18 134
90, 302
58, 8SO

295
4 299
294 028
105 589
15 111
74. 907
53 078

339
316
5 108
5 279
303 415 275 016
1 20 592
11 053
9 020
00, 351
53, 273
50 918
46 085

099
5 090
280 691
137 1 53
9 179
44, 209
39 550

do
do
do
- do -

9, 255
3,699
13,411
14, 687

8,732
3,791
13 848
14, 899

8,254
3,692
15 581
17, 946

8,723
3 483
13 727
15 275

8, 209
3 479
11 099
17 992

8. 472
3 474
o' 827
20 840

8, 265
3 265
3 981
25 540

7, 980
3 599
3 077
25 713

do
do
do
do

779, 514
257, 301
29 380
492, 833

733
745
407
521

802, 276
234, 091
33 224
534 961

810,623
231 960
35 639
549 018

831,433
232 990
30 122
502 321

820,
239
33
553

133 485
1,115

132 884
1,160

127 564
1,107

120 501
1,130

123 873
747

130 787
745

131 741
1.044

182, 193
13, 828

177 795
12 527

177 667
11 978

177 000
12 014

175 419
13 307

181 169
13 605

.120

.125

.125

.125

.125

.218

.218

.216

.213

.215

Refined petroleum products:
Gasoline (incl. aviation):
Production!
do
120, 905
Exports!
__<Jo
1, 307
Stocks, end of month:
Finished gasoline
_do
185, 055
Unfinished gasoline
..
do
12, 797
Prices (cxcl. aviation):
Wholesale, refinery (Okla,, group 3)__dol. per gal..
.115
Retail (regular grade, excl. taxes) , service stations,
55 cities (1st of following mo.)
dol. per gal_.
.212

793,
242,
32
518,

755
528
993
234

7
2
2
20

113
801
904
039

8
3
4
17

701
530
639
5ig

752,
232
23
4%

210
OP>3
195
958

766,
244
27
494

999
921
548
530

115 785
519

197 874
13 993

.125
.214

778,
239
28
510

735
800
931
004

138
998
618
508

10
4
10
15

021
049
304
981

791,134
256 145
503 410

807,
201
35
510

200
440
399
301

127 630
542

118 577
1 134

127 341
'552

208 759
13 430

209 462
14 198

208 374
14 150

198 900
14' 493

.125

125

. 125

125

» 115

.211

.211

.201

.202

.202

759,
230
°S
498

439
709
982
688

8
2
5
17

01 c7Q

.206

R nor ?o!osi01f f°r January-May 196° (thous. short tons): Anthracite production—1,701; 1,643; 1,749; 1,281; 1,313; beehive coke production—121; 132; 140; 104; 81; oven coke production—6,204;
5,9o6; 0,20.2; 5,672; 5,291.
r Revised.
P Preliminary.
9 Includes data not shown separately.
!Revisions for 1958 will be shown later as follows: Oil wells completed (August and September); domestic
demand—,jet fuel (February-September); lubricants (January-August); for all other indicated items (January-September).
§Includes nonmarketable catalyst coke.
cf Data for Alaska and Hawaii are included as part of domestic supply and demand beginning with January 1959 and January 1960, respectively: appropriate amounts for these States
are reflected in data for all series affected. Data beginning 1960 for jet fuel and kerosene arc not comparable with earlier data because jet fuel for use in commercial aircraft is now classified
witn kerosene; formerly, this product was reported primarily as "jet."
ASee last sentence of note "<?."




SURVEY OF CURRENT BUSINESS

S-36
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961

I960
June

July

August

1961

Septem- October Novem- December
ber
ber

January

February

March

April

May

12,800

9. 51 2
385

9, 390
961
11, 798

10, 083
390
12 ?60

12 679
25, 666

10 555
27, 348

9

.110

p. 105

49, 861
891
563
85, 003

52, 868
743

June

July

PETROLEUM, COAL, AND PRODUCTS— Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products — Continued d71
Aviation gasoline:
Production
thous. of bbi
Exportst
_ _ _ _ _ _ d o ___
Stocks end of month
do
Kerosene :§
Production
do
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
dol. per gal__
Distillate fuel oil:
Production
thous. of bbl
Importst
- _ do_
Exportst
do
Stocks end of month
_
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
dol. per gal__
Residual fuel oil:
Production
thous. of bbl__
Imports:):
_ _ _ _ _ do__
Exportsj
do
Stocks end of month
do
Price, wholesale (Okla., No. 6fuel)_. _dol. per bbl__
Jetfuel;§
Production
thous of bbl
Stocks end of month
do
Lubricants:
Production
do
Exportst
do
Stocks end of month
do
Price, wholesale, bright stock (midcontinent, f.o.b.
Tulsa)
__dol. per gal__
Asphalt:
Production
thous of bbl
Stocks, end of month...
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plantst
do
Stocks (at plants, terminals, underground, and at
refineries) end of month
thous. of bbl
Asphalt and tar products, shipments:
Asphalt roofing,
total
thous. of squares. _
Roll roofin0' and cap sheet
do
Shingles all types
__
do. __
\sphalt siding
Insulated siding
Asphalt board products
Saturated felts

do
do
thous. of sq. ft__
_ _ _ short tons..

9,374

9,018
953
13, 943

888
12. 826

9, 759
27, 354

30, 499

11,164

10,017

8 994
564

9, 606
506

977
12, 608

9. 666
'915
12, 105

9. 453
914
12. 714

13,585

13,938

13,058

9, 908
833

8, 582
302
13. 047

J 1 . 397
33, 379

10, 776
35, 408

11, 993
36, 977

12, 401
36, 722

13, 376
31 , 445

13,857

12,040

27, 365

24. 471

.102

. 102

.102

.102

.105

.101

.101

i .109

.117

.115

53, 338
1, 148
1,103
109, 174

56, 773
796
916

58, 081
773
751
152, 158

54. 928
1,005
484
168, 235

56, 262
897
580
180, 071

54. 877
621
556

59, 209
1,097
641
138, 455

64, 433
2, 096
708
108, 097

63, 248
1,054
329
97, 298

55, 967
1,355
455
87, 950

131,044

173.913

9 921
8 384

goo

93, 636

.092

.092

.092

.092

.095

.091

.091

i .099

.107

.105

.100

p. 095

25, 297
17, 098
1, 967

26, 125
14, 966
1,888
47, 177
1.80

25, 779
15, 523
1,357
50, 136
1.80

25, 755
15, 976
1,283
50, 003
1.80

27,116
21,885
1 . 304
49. 525
1.80

30, 873
22, 780
1,515
44, 870
1.80

29, 894
27, 866
1,176
42, 934
1.80

27, 758
25, 691
1,014
42, 635
1.80

27, 383
22, 757
1,322
40, 889
1.80

24, 990
22, 944
1, 253
41, 848
1.65

26, 551

1.80

26, 265
13, 955
875
43, 848
1.80

7,894
6,753

6,892

7,343

7, 796

6,961
6,431

6, 898
6, 034

7,291
6, 020

7,269
6,456

6, 709
5,991

6,674
6,417

8,878
7,131

7,973
7,783

8,301
7,621

5,232

4, 689
1,088

4,907

5, 094
1,353
9, 463

5, 061
1,389

4, 716
1,045
12, 376

1.508
12, 791

5. 025
1 . 587
12, 695

5, 065
1,374
13, 388

13,072

41,074

4,921
1,559
9, 068

7, 528

1,478

9,032

8,942

4,944
1, 258
9,149

1,386
9,194

9,874

4,723

16,647
1,630

44,137
p 1.60

5 ?76
1,545

.260

.260

.260

.260

.260

.260

.260

.260

.260

.260

.260

p. 260

11,042

11,776

12,114

15, 760

11, 284

9,110

9,741
8,141

6, 814

14, 259

11,147

8,593

5,191
10, 142

4,979
15,200

4,529
17, 647

5, 925
19, 189

7, 691
21, 638

21,269

6,604
8,409

6,747
8,701

11,601

6,229
9,345

12, 129

5,997

6,128
14, 953

18, 974

18,977

6, 413
14, 481

6,864
11,186

6,617
11, 240

10,181

24, 836

28, 633

29, 683

32, 036

32, 578

30, 558

25, 536

20, 744

20,020

24, 299

28, 304

33, 421

6,056

6,077
2,079
3,998

6,817

6,829
2,677

6, 021

2,299
3,722

4, 592
1,688

4, 351
1.656
2, 695

2,000

775
1,224

1,665
655
1,010

3,834

4,709

4,151

2,388

3,042

1,667

6,517
2,139

78
112
1,739

84
142
1,690
99, 144

96
125
1,947
93, 986

101
117
1,828
86, 823

74
51
695
94, 572

45
44

35
45

65
73

62
78

75
98

108

52, 990

35,189

60, 101

69, 043

89, 415

106, 598

3,032
2,966
5,948

3,449
3,400

3,400

3,516

3. 222
6,212

3,599

3,170
3,510

6,471

6,169

5,983

rr 3, 357
3, 664
* 5, 424

3, 560
5,317

711.7
519.2

677.2

762.2

727.9

516.6

778.5
536.3

778 2
515.6

2, 107.6
98.9

1,957 0
91.4

222.1

2, 298. 2
113.7
1, 335. 5

199.7

2, 245. 0 2 177.4
106. 6
96.7
1, 310. 9 1, 277. 6
221.1
224.8

2 265 5
99.5
1,325 5
221.7

256.2

280.8

266, 0
118.9

2, 006

4,050

72
132

2,080

88, 881

91,925

6,716

2,567

4,251

2,903
84
82
727

78,706

6,732

6, 947

1,446

9, 395

7,140

4,378

7,132

2,293
4,839

PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks end of month
Waste paper:
Consumption
Stocks end of month

thous. of cords (128 cu. ft)__
do
_
do. _.
thous. of short tons
do

WOOD PULP
Production :
Total all grades
thous. of short tons
Dissolving and special alpha
do _
Sulfate
do
Sulfite
do___

3.183
3,469
4,954

3,442
3,445
5,083

3,282

770.4
540.0

781.8

651.2

2, 165. 5
108.0
1, 267. 9
213.4

2,157.0

1,915.1

1,266.2

1,119.9

191.4

2, 196. 1
102.7
1, 276. 7
208.1

262.2

276.3

245.4

274.9

92.7
189.8

108.6
225.1

898.9
300.4
522.3

927.3

312.1

538.8

96.3

211.5

3,124
5,185

543.8

76.0

3,791
3, 545

5,449
783.1
541.7

Groundwood
do
Defibrated or exploded
do
Soda, semichem., screenings, damaged, etc.-do
Stocks, end of month:
Total all mills
do
Pulp mills
do __
Paper and board mills
do
Nonpaper mills
_
do

103. 8
210.3

205.7

912. 5

922.5

81.1

85.0

76.2

71.9

Exports, all grades, totarf
Dissolving and special alpha
All other

do
do .
do

102.0
38.8
63.2

111.6
35.0
76.6

102.7
33.9
68.8

99.5
32.0
67.4

do
do
do_

193.2
18.2
175.0

211.0
15.9
195.1

177.4
12.0
165.4

230.1
15.4
214.7

Imports all grades, totalf
Dissolving and special alpha
All other
__

_ _

.

305.2
526.3

101.0

301.8

535.6

543.3

3,738
3,588
5,967

3,249
3,358

770.1

718.9

547.9

751.8
561.3

2, 053. 7 2, 228. 2
97.5
81.5
1, 182. 8 1, 298. 2

1,848 3
83.2

206.5

226.7

2, 073. 6
90.9
1, 194. 3

261.1
110.0
211.7

283.9

265.5

3,624

3,311

5,795

759.4
537.7

910.7
301.3

544.0

5,891

229.6

1,218.5
267.7
204.3

75.1
196.7

227.5

104.2

104.0
218.1

117.3
230.1

882.0

889.0

914.0

898 4

915. 1

187.3

208.4

100.0
193.3

937. 6

957.0

896 8

322.6
545.9

341.8

71.2

69.1

545.8

294.2
533.9

69.5

107.1
36.3
70.8

90.2
30.7
59.5

97.6
33.2
64.4

198 5
13.9
184.7

198. 1
14.4
183.7

228.6

538.2

19.0

209.6

96.1

1,151.4

519.2

1,039.5

261.0
89.8
187.4

113.5

514.8

242.7

274.7

338.6

220.8

312.3
507.1
69.6

324.6
523.6

68.7

317.1
499.1
65.8

65.9

497 4
62.4

349.3

95.3
34.1
61 2

88.3
23.5
64 8

109.5
31.8
77.7

109.2
43.3
65 9

99.6
36.0
63.6

107.0
43.4
63 6

175 3
9.3
166.0

185.2
11.7
173.5

195 4
13.9
181.5

207 5
11.5
196.0

168.0
11.7
156.3

208 6
17 6
191.0

504 7
61. 1

3,465

233.7
932
356
515
60

4
4
2
8

PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2,936
2,567
2,946
2,820
2,794
2,521
2,793
Paper and board, total
thous. of short tons.
2,959
2,988
2,639
3,004
2,940 rr 3 070
3 073
1,127
1,295
1,330
1,291
1,288
1,216
1,254
1,165
Paper__
.
_ do
1,219
1,354
1,306
1,340
1,340
1,324
r
1,354
1,174
1,332
1,305
1,345
1,278
1,257
Paperboard
do
1,214
1,123
1,368
1,386
1,360
1 427
1
436
r
11
11
14
14
10
12
12
12
Wet-machine board
do _
13
10
10
12
11
12
256
271
277
291
222
Construction paper and board
do
290
250
287
230
196
253
264
291
301
r
Revised.
» Preliminary.
1 Prices beginning 1961 not strictly comparable with earlier data. January 1961 prices comparable with December 1960; Kerosene, .115; fuel oil, .105.
cf See similar note, p. S-35.
^Revisions for 1958 will be shown later as follows: Aviation gasoline exports, distillate fuel oil imports, residual fuel oil imports, transfers from gasoline plants (January-September); distillate fuel oil exports (January-May
and September); residual fuel oil exports (May and June); lubricants exports (January-August).
§See last sentence of note "cf1" for p. S-35.
^Revisions for 1958 and 1959 will be shown later.




SURVEY OF CURRENT BUSINESS

August 1061
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-37
1961

1960
July

June

August

Septem- October Novem- December
ber
ber

January

February

March

April

May

June

July

PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, except building paper, newsprint, and paperboard (American Paper and Pulp Association) :
Orders new 9
thous of short tons
Orders unfilled end of month Q
do
Production
do
Shipment' 2 9
do
Fine paper:
Orders unfilled end of month

do

Shipments
Stocks end of month
Printing paper:
Orders new

do
do
do

Production
__do _
Shipments
do
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English
finish white f o b mill
dol per 100 Ib
Coarse paper:

i 910. 0
903.1 ' 1,016.1 r 959. 1
r 665. 0
641.2
' 683. 6 1 606. 0
1, 056. 2 ' 1, 175. 8 '1,141.0 i1 920. 0
r 976. 4
' 931. 6
909. 0
867.0
' 643. 1 ' 662. 1 1 589. 0
656.9

631 6

859.8
708 7
975.7
806.2
624 3

893.8
655 1
1,112.7
934.1
629 8

865. 5
647.6
1, 060. 3
882. 7
627.1

966.3
659.0
1,160.1
950. 8
644.0

856. 8
624.6
1, 084. 5
879. 1
660.9

818.6
585. 8
1, 012. 4
844.0
647.4

933.8
617 9
1,118.1
898.9
644.5

148 8
86.2
1.50 3
151. 1
165.9

122 0
79 4
127 1
125. 9
149.4

144 0
82.2
148 0
149.3
156.2

129. 5
71.2
140 6
137.8
152. 5

142.1
72.6
144 1
145. 8
155. 6

142.5
75.2
145 1
145.1
163.1

133. 7
70.0
133 5
135. 1
148.8

144 3
78.0
142 2
143.2
153.0

153.8
93.2
142 4
146.7
153.1

423. 1
410 5
395. 7
397.0
272.9

392 4
418 5
343. 2
344.7
271 3

384.5
384 2
400. 9
399.8
272.5

375. 5
387 6
378.3
381.0
269.7

426.9
395 6
407.9
407.7
269.9

375.0
368 3
389.2
389.4
269.8

348. 5
332 9
374. 4
375. 0
269. 1

412.3
366 7
386.0
380. 6
274. 5

397.3
370 3
371.8
369.0
277.3

941.4
700 2
1, 123. 9
954.7

160. 4
' 145. 2

' 154.3
' 95. 6
r
152 7
' 151.4
' 151.7

167.0
95.0
169 0
164. 0
156.0

r 442. 1

r 412. 1

400.0
366 0
407. 0
407.0
282.0

r 163. 8

'89.9
r 166 4
r

r 394 3 r 4Q1 0
' 388. 8
'417.0
' 413.9 r 387. 7
' 280 4 '281.5

16 95

16 95

16 95

16 95

16 95

16 95

16 95

16 95

16 95

16 95

do
do
__do
do

308 1
157. 9
339.1
345.9
119.3

2Q2 7
161.7
284.6
282 2
119.4

310 4
143. 8
329. 1
325. 9
120.2

307 0
148.7
308. 5
307.7
126.3

33? 8
143. 2
336. 0
334. 7
125.7

281 0
134.3
301.8
287.6
139.2

281 0
136. 1
278.2
278. 0
138. 6

319 6
129.8
322.0
312. 8
143.0

295 4
132.7
299.6
294.5
149.5

r 345 o
r
138 4
'335 5
'r 339. 1
144 3

do
do
do

506 3
593. 2
208. 0

555. 9
561 . 5
202 4

570. 2
551. 8
220 8

570. 6
589. 9
201 4

591. 4
588.2
204 6

604. 2
644. 8
163 9

533. 9
558. 1
139 8

545. 4
509. 2
176 0

511.9
468 8
219 1

do
do
do

171.2
174.3
32.3

157.2
155.9
33.6

179 9
171.5
42.0

161.6
167.9
35.7

184. 5
183. 3
36.9

174.3
177 0
34.2

158.8
167 4
25. 5

184. 3
166. 5
43.3

Consumption bv publisherscf
do
Stocks at and in transit to publishers, end of
monthcT
thous. of short tons-

401. 9

419.7

420.4

454, 4

516.7

4%. 7

457.3

605. 3

623.7

646.0

654.4

615.1

626. 0

628.1

Imports
-- do_ _
Price, rolls, contract, delivered to principal ports
dol per short ton

467. 5

411.1

486.3

429.2

474.8

504.0

134. 40

134.40

134. 40

134. 40

134. 40

1,356.3
450 2
1,366.7

1,195.4
457.8
1,171.4

1 , 407. 5
418.4
1,435.4

1,311.4
429. 1
1,316.2

1,389.9
418.2
1,398.4

Orders unfilled end of month
Production
Shipments
Stocks end of month
Newsprint :
Canada (incl. Newfoundland):
Production
Shipments from mills
Stocks it mills end of month
United States:
Production
Shipments from mills
Stocks at mill^ end of month

--

Paperboard (National Paperboard Association):f
Orders, new
thous. of short tons__
Orders unfilled end of month
do
Production total
do
Percent of activity
- - -Paner products:
Shipping containers, corrugated and solid fiber,
shipmentst
mil. sq. ft. surface area
Folding paper boxes, shipments, index of physical
volume
1947-49=100

92

78

94

88

16 95

16 95

336 2
141.4
334. 4
332. 1
145. 6

343 0
145. 0
344. 0
338. 0
151.0

571.7
528 1
269 7

549. 1
559 5
252 3

591. 9
583. 1
261 2

558. 3
573. 0
246. 4

163. 2
167 7
38 8

186 0
177 5
47 3

16? 8
176 4
33 7

185. 9
179 1
40.6

165. 8
170.7
35.7

422.4

392 4

469 1

479 3

485 9

446. 5

632.7

648. 4

610. 7

594. 4

589.4

593. 6

475. 1

422.3

414.7

493 5

421 2

511.9

134 40

134 40

134 40

134 40

134 40

134 40

•p 134 40

1,272.3
409.4
1,313.2

1,181.9
371.7
1,211.9

1,212.4
380.3
1,201.0

1,241.8
399 3
1,218 9

1, 453. 7
44() 7
1 435 8

1,304.4
421 3
1 316 8

1, 462. 2
447 6
1,451.9

1, 409. 1
426. 7
1, 425. 2

91

94

9,707

9, 927

93

86

73

87

9,434

8, 292

9,920

9,707

9,501

8.781

8,186

8,254

130.9

105.6

129. 1

133.0

132. 4

116.6

124. 0

' 111.7

1,241
1,006

1,385

21,187
2 976

2 1,705
2 1, 385
2320

1,181

1,418
1. 125

89

91

8 082

'
'
'
'
'

91

9 667

8 936

130 9

r 116 6

' 128 0 p 130 9

31 871
76 412
26? 766

34 908
72 360
28 737

33 207
69 019
24 584

^5 284
63 397
29 871

3^ 876
67 873

.294

.305

.305

.325

.300

r

109 2

T

1, 237. 3
471. 7
1,184.0

78

PRINTING
Book publication, total
New books
New editions

number of editions..
do
do

235

992
393

2

211

936
768
168

955
226

293

RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
42, 530
Consumption
long tons
Stocks, end of month ___ _
do _ _ _ 76, 605
Imports, including latex and guavule_ _
do _ _ . 31, 609
Price, wholesale, smoked sheets (New York)
.460
dol. per lb._
Synthetic rubber :
Production
long tons. 122, 547
Consumption
_ __
__
do
96, 260
Stocks, end of month
do. _ 226, 032
29, 508
Exports
do
Reclaimed rubber:
Production
.
Consumption,
Stocks, end of month _ _ _
TIRES AND TUBES
Pneumatic casings:
Production §
_

do
_do_
do

thousands

25, 441
24, 487
31, 699

35, 201
76, 389
28, 605

37 213
82, 385
39, 597

36 718
82, 227
31, 828

36 987
76, 116
26, 908

35 917
71 608
30, 412

3

31 854
77 275
39, 085

.418

.308

.343

.311

.289

116,584
79, 771
235, 693
28 780

121, 635
88, 960
242, 740
30 544

112,853
87, 721
242, 959
24 285

110, 991
89. 194
238, 591
23 166

110,465
86 582
240, 038
23 381

104 659
80 424
242, 791
23 497

21 , 484
19,100
33. 624

23, 552
21 , 286
33 979

22, 263
21,929
33, 949

23, 558
23, 077
33 519

22, 025
20 841
33 783

20, 022
19 757
32 798

. 350

35 149
80 238
33, 751

.285
105
3 86
236,
26

811
201
247
294

22, 528
22 052
33 101

19, 724
18 550
33 493

21, 824
20 558
32 695

21,321
20 736
31 593

23, 317
21 989

31 663

25, 115
21 983
32 598

10 863

9,788

9 147

9 184

9,530

9 044

8 804

9 221

8 591

9 212

8 882

9 604

do
do
do
do

11 507
3,449
7,884

10 113
2,735
7,228

8 941
1,578
7,213

10,014
3,589
6,304

150

8 303
3', 425
4,772

7 650
3,087
4,452

105

112

9 130
2,449
6,590

7 004
2,191
4,722

9 166
2,448
6, 595

10 232
2,934
7,202

11 192
3,377
7,716

n

151

9 630
2,950
6, 560

Stocks, end of month§
Exports (Bur. of Census)

do
do

26, 359

26 108

26 298

25 893

25, 499

26 290

27 540

27 682

29 385

28 033

9fi ^n*}

94 801

79

29 338
' 83

85

79

76

Inner tubes:
Production..
Shipments
Stocks, end of month
Exports (Bur. of Census)

do
_ do
do
do

3,426
3,547
10, 700

3 208
5 076
9 394

3 140
3 277
9 246

3 359
3 588
9' 014

2 939

3 190

2 §38
3
8 Q48

Shipments, total§
Original equipment
Replacement equipment- ._
Export.

_

1




174

142

113

119

3,261
3,440
10, 627

102

104

3,017
3 308
10, 254

107

120

110
3,024
2 894
10, 446

84

121
73

3,067
3 000
10, 589

137

May data exclude estimates for tissue and miscellaneous papers.

76
2 921
2 657
10 859

71
2

88
2 913
2 817
11 034

110

91

57

.291

101 245 112 580 108 453 3'119 790 3 107 493
3 77 733 3 8f>' 008 3 g9 813 3 go 5^4 s 92 712
233, 036 235,' 627 3251,272 3 248* 867 3 243 167
26 385
23 497
27 983
22 942
20 131

92

75

123
96

82

96

9 Qft9

9 096

80

99

9 7Q^
9 4.87

77

Data for months noted cover 5 weeks; other months, 4 weeks,

9 920
7OQ

3, 123
8,473

000

58

Data for stereo
later as

SUEVEY OF CURRENT BUSINESS

S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1901

1960

June

July

August

S

»

1961

DecemOctober November
ber

January

February

March

15, 038

April

May

June

21 851

26 463

31 102

24, 752

84
31,313

31 594

22 148
38 237
32, 250

39 948
32, 380

39 789
30, 999

r

r

July

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
_ .

31,930
91
34, 363

31,982
88
32, 964

33. 270

92

31,181
89

31 , 533

26, 469

36, 623

33, 862

33, 239

25, 232

56
15,116

37, 667
do do __ - r 30, 522

36,611
27, 532

33, 244
23, 444

30. 505
20, 232

28, 841
17,318

30, 095
16, 838

35, 525
20, 954

37, 939
25, 952

686. 0
46.9
190.8

624.8
44.4
179.8

666.8
44.7
198. 6

610.0
39.4
186. 3

595.9
40.7
167.9

536.7
40.3
143.3

342. 4
32.5
108.1

341.6
32.0
114.6

322.8
27.1
90.2

483. 2
37.4
128.0

37.9

35.9

39.9

37.5

38.0

37.3

31.9

30.8

28.3

34.8

22.2

19.4

21.3

19.9

18.9

17.7

16.6

15.2

15.0

19.1

141.3

141.3

141.6

141.7

141.7

141.7

141. 7

141.4

141.4

141.4

thous. of bbl
- _ - - _ -thous. of bbl.- -

87

75

20, 505

16, 744
r

45
14,447

46

14, 302
f

38 553
29, 763

59

r

74

88

34, 040
37 353
28, 960

CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. of standard brick. .
Structural tile except facing
thous. of short tons
Sewer pipe and fittings vitrified
- do. Facing tile (hollow), glazed and unglazcd
mil. brick equivalent-Floor and wall tile and accessories, glazed and uno-lazed
mil. of sq. itPrice index, brick (common), f.o.b. plant or N.Y. dock
1947-49=100

535. 6
40.6
147.6

695. 3
40.7
165.9

637. 9
38.2
178.7

33.3

39.0

39.3

18.0

"•20.0

21.0

141 2

141.2

GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total) cT
thous. of doL.
Sheet (window) glass, shipments
do
Glass containers :J
Production

thous. of gross- .

Shipments domestic total
do General -use food:
jNTarrow-neck food
do Wide-mouth food (incl. packers' tumblers, jelly
""lasses and fruit jars)
thous of gross
Beer bottles

_

_

__

Medicinal and toilet
Chemical household and industrial
Dairy products

--

Stocks end of month

do do
do
- do
do_ _ .

63, 493
22, 801
40 692

67, 055
26, 912
40 143

59, 908
22, 333
37 575

75. 964
31, 076
44 888

14, 845

14, 224

15, 710

12,938

13,983

11,451

11,156

12, 287

12, 520

15, 171

13, 538

14, 127

15, 243

14, 203

12, 665

16, 166

14,052

12, 876

11, 576

11,307

11, 472

11, 178

17, 472

10, 951

13, 547

15, 684

1, 355

1,340

2, 243

2,747

1,461

1,043

998

1,126

1,112

2,161

1,128

1, 186

1,402

3,900

3,619

4. 648

4,322

3,963

3, 466

3,219

3, 444

3,247

4,809

2, 687

3, 423

4,051

1,641
1, 968
1,301
2,779
1, 128

1,172
1, 800

950

999
2,594

1, 586
1, 151
2, 385
972
92

1,310
2,309
1,243
2,994
985
97

1, 756
3,189
1, 360
2, 761
1,047

20, 748

21, 777

22, 273

21,657

131

848

610
960

570
861

1,011

2, 299
1,273
3, 406
1,248

1,310
2,794
1,099

1 , 579
3, 156
1, 139

147

996
153

22, 134

21,570

19,970

20,932

20,686

130

201

210

724

965

1,012
1,367
2, 815

609

596

1,273
1,128
2. 631

1, 163
1,089
2, 867
1, 026

1,086
1,200
2,801

148

995
141

1,068
2,338
1,422
4,039
1, 434
201

20, 613

21,830

19, 410

915
178

20, 250

118

GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports

thous o^ ^hort tons
total

1,147
2, 626

1,492
2, 706

1,509
2, 358

850
2,003

2 279

2 293

1,957

1,727

1,059

70

971
68

887
71

743
65

317
316

328
345

273
275

2039
22

514.7
1,530.1
72. 9

53 J. 3
1, 561. 6
66.0

do

Gypsum products sold or used, quarterly total:
I^rc'iloined uses
thous of short tons
Building uses:
Plasters:
All

t>

« rt~ 1 F"

'

tl

"~

T ith
Wallboard
A. 11 other§

" r\

mil of sq ft
do
do

|

360. 0
1, 205. 0
43.4

408. 0
1, 452. 5
51.3

TEXTILE PRODUCTS
APPAREL
Hosiery shipments
Men's apparel, cuttings:tA
Tailored garments:
^uits
Overcoats and topcoats

thous of dozen pairs-

13, 743

11, 167

13, 862

13,321

13,511

13, 874

11,640

12, 3fiO

13,016

14, 734

11,779

12, 727

thous. of units.
do -

i 1, 885
i 460

1,032
336

1,780
548

i 1. 715
i 425

1,684
332

1,784
224

i 1, 650
i 170

1,484
140

1, 460
172

i 1, 795
1225

1, 580
344

1,620
504

1

i 1,055
' 8, 935

576
6,812

944
8,520

i 775
i 8, 105

872
6,200

920
5,780

i 840
i 5, 875

796
6, 296

708
6, 616

i 950
i 7, 780

940
7, 312

1,040
8,096

1
965
'8,135

1

1,424

2,072

i 2, 095

1,980

1,972

i 1, 880

1,828

1,840

i 1, 970

1,592

1, 768

1

264
296

i 280
1350

264
304

308
296

1280
1285

2,185
22, 124
1,016

2,137
28, 968
1,068

696
26, 512
499

1,077
24, 792
397

1, 986
21. 867
843

Goats (separate) dress and sport
Trousers (separate) dress and sport
Shirts (woven fabrics), dress and sport

do
do

thous. of doz-.
Work clothing:
Dungarees and waistband overalls
do
Shirts
_--- - _ - - - -- . .do ..
Women's, misses', juniors' outerwear, cuttings: A
Go'its
thous of units
Dresses
- do
Suits
do

2, 270

1265
1355

196
248

280
352

1280
1310

232
316

204
292

1220
1260

264
252

1,832
20, 371
709

2,127
15, 861
800

2, 693
21, 600
870

2,087
17, 824
521

2,276
19,614
610

2, 150
20, 022
627

1,315
15, 783
700

1,700
18,413
1,290

f

14, 332

1.550
1
545

1, 975

1,239
1,669
1, 565
1.402
985
1,401
1,277
1,236
1,223
1, 383
1,310
>• 1, 368
1,388
Waists blouQes and shirts
thous. of doz
889
466
576
681
753
844
907
794
877
934
996
'760
855
Skirts
do
T
l
Revised.
Data cover a 5-week period.
cT Re visions for 1957-2d quarter 1959 will be shown later.
^Revisions for January-March 1960 for clay construction products and for January 1959-February 1960 for glass containers will be shown later; those for 1958 for glass containers appear
in the May 1960 SURVEY.
§Comprises sheathing, formboard, and laminated board.
IData for June, September, and December 1960 and March and June 1961 cover 5-week periods and for other months, 4 weeks.
A Re visions for January 1957-November 1959 are available upon request.




SUEVEY OF CUERENT BUSINESS

August 1061

S-39

1960

jd, statistics through 1958 and
shown in the 1959 edition of
STICS
BUSINESS STATISTICS

June

July

19G1

Septem- October Novem- DecemAugust
ber
ber
ber

January

February

March

April

May

June

July

TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters) :
Production:
Ginnings§
thous. of running bales. _
Crop estimate, equivalent 500-lb. bales
thous. of bales..
Consumption*!!
__
do
Stocks in the United States, end of month,
totalf!
do
Domestic cotton, total
__
do_
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
_do
Foreign cotton total
do

140

Fxports!
do
Imports!
_
do
Prices (farm), American upland
cents per lb__
Prices, wholesale, middling I", average 14 markets
cents per lb__
Cotton linters:
Consumption!!.
_
thous. of bales__
Production!
do
Stocks end of month J
_ __
do

3,680

823

8,424

12, 594

1

13, 340

2

3

14, 075

14 265

2°8
647

? 13 918

*860

562

685

801

667

644

4 726

637

637

3144 272
795

8. 68?!
8. 642
407
6, 661
1, 574
41

7, 561
7, 524
215
5,919
1 , 390
37

20, 979
20, 875
13, 880
5, 860
1,135
104

20,012
19,912
11 249
7, 689
974
100

18, 911
18,818
7,847
9, 957
1,014
93

17, 552
17,463
4 108
12,112
1,243
89

15, 848
15, 768
2 326
11,967
1,475
80

14, 238
14,165
1 401
11 107
1, 657
73

12,760
12 695
1 065
9' 823
1 807
65

11,022
10 965
776
8 244
1 945
57

9, 801
9 749
456
7 258
2, 034
52

501
2
29.6

675
1
31.4

113
90
'32.4

193
22
32.2

439
1
'31.5

721

982
1
28.7

845

30. 1

32.2

32.0

30.8

30.5

30.2

30.2

*129
52
503

79

4

465

88
44
405

112
129
386

101
'226
449

19, 222
17, 521

19, 266
17, 561

19, 259
17, 652

19, 241
17,618

r 7, 861
'393
7, 153

9, 418
471
8, 605

4 11, 244
450
10, 328

9,204
460
8, 464

.661
.941

.651
. 936

r 41

4

668
' 8, 794
' 8 744
349
T
6 354
2 041
T 5Q

4 824
7 801
' 380
5 436
1 941
44

27.6

26. 9

842
3
28.4

584
3
29.4

387
6
29.6

30.9

31.4

30.2

30.1

30.4

31.1

31.4

31.8

32.2

32. 6

93
221
530

4108
186
591

90
198
652

95
153
670

4113

138
681

104
114
662

104
84
594

4 126
50
506

19,151
17, 507

19, 0«5
17,471

19, 022
17, 450

19, 063
17,451

19,058
17, 430

19, 008
17, 360

19, 000
17, 346

18, 966
17, 297

8,923 4 10, 253
446
410
8,178 4 9. 42i>

8, 760
438
8,051

8, 940
447
8 190

411,196
448
4
10 253

9,096
455
8,330

9,312
466
8 514

4 11,259
450
4
10 263

.642
.924

. 642
.916

.629
909

. 634
911

.641
911

P. 641
P 913

(5)

979

(5)

(5)

COTTON MANUFACTURES
Spindle activity (cotton system spindles) :JJ
Active spindles, last working day, total
Consuming 100 percent cotton

thous..
do

r
r

19, 305
17,579

Spindle hours operated, all fibers, total
millions.. '* 11,r 767
471
\verage per working day
do
r4
10, 751
Consuming 100 percent cotton _
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o.b. mill:
.661
20/2, carded, weaving..
dol. per lb_.
.938
36/2 combed knitting
do
Cotton cloth:
Cotton broad woven goods over 12 inches in width,
production quarterly!
mil. of linear vd
Exports!
thous. of sq. yd_.
Irnportsj
do
Prices, wholesale:
Mill margins
cents per lb_.
Denim, white back, 10 oz./sq. yd._ ..cents per yd__
Print cloth, 39-inch, 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48
do

r
r

r

4

. 651
.936

. 646
. 926

. 646
996

2,422
33, 620
50, 720

41,045
38, 348

24, 085
37, 632

2,193
28, 857
38, 823

36, 179
26, 610

34, 502
25, 896

2,236
40, 810
35 294

42, 327
26 326

41,651
20 618

2 245
43,913
20 868

38, 473
16 477

34, 435
20 764

32.85
38.3
18.0
17.5

32.60
38 3
18.0
17.5

32.92
38.3
17.5
17.4

32. 04
38.3
16. 5
17.0

30. 51
38.3
15.8
16.5

29. 78
38.3
15.3
16. 6

28.13
38.3
15.1
16. 5

27.50
38.3
15.0
16.5

26. 71
38.3
15.0
16.3

25. 56
38. 3
15.0
16.0

25. 26
38. 3
15.0
15.9

24, 96
p 38. 3
pl5. 0
»15.9

24.74

6 40. 3

6 2« 6

6 53 9
e 30 4

6 59 4
6 39 5

24. 67

MANMADE FIBERS AND MANUFACTURES
Fiber production, quarterly total? !_mil.
Filament varn (rayon and acetate)
Staple incl tow (rayon)
Noncellulosic (nylon, acrvlic, protein, etc.)
Exports: Yarns and monofilaments
Staple, tow, and tops
_
Imports: Yarns and mononlaments!_._
Staple, tow, and tops!
Stocks, producers', end of month:
Filament varn (rayon and acetate)
Staple, incl. tow (rayon)
Prices, rayon (viscose) :
Yarn filament, 150 denier
Sta pie, 1.5 denier.

447.6
157 4

of lb_
do
do
do_ _

481.3
172.2
79.7
181.6

thous. of lb_.
do _
do
do

7,013
3,716
492
4, 348

8, 513
4, 391
314
3, 532

9,091
3,042
477
4,161

6,412
3, 591
314
3, 583

6, 994
3,710
345
4,171

6, 539
3. 557
290
3, 335

6, 243
3 706
236
4, 3f>6

8, 1 78
3 029
276
3,323

5, 901
3 029
444
3, 076

6, 461
4 036
490
2, 872

8, 046
3 370
527
2 277

6, 444
3 261
' 504
1,870

mil. of lh_.
do __

58. 5
59,7

62. 8
65.2

65.3
61.0

68.3
59.1

68.3
55. 1

68.0
51. 1

53.9

63. 6
57 4

59. 8
58 4

57.8
61 3

58.4
61 3

59. 9

.82
.28

.82

.82
.28

.82
.28

.82
.28

8°
28

82
.98

82
28

8°
"28

S9

82

P 32
P 26

_ dol. per Ib
do

Man made-fiber broadwoven fabrics:
Production, quarterly total?! -thous. of linear yd.
Kavon and acetate (excl. tire fabric) . _
do
Nylon and chiefly nylon mixtures
do

419.8
146 1
77 9
157.9

168.7

1C

60S, 629
367, 260
90, 395

563, 969
334, 925
81,096

444. 8
148 °
90 0
169 7

58.5, 723
340 9-41
75, 565

97

"7

'">

577 998
344 Q4g
65, 972

thous. of sq. yd__

12, 592

11,151

11, 301

11, 409

14, 682

13, 628

12, 464

10, 907

11,331

13, 410

11,334

11,188

thous. of lb__
dol. per lb_.
thous. of linear yd...

608
4.52
6,819

594
4.59

938
4.79

661
4.92
6, 739

544
4.86

544
4.75

423
4.78
6,679

509
5.14

342
5.03

522
5.12
5,781

449
5.09

566
p 5.20

Wool consumption, mill (clean basis) :^!
Apparel class
thous. of lb._ 4426.403
11, 635
Carpet class
do

18, 533
9,024

20, 444
14, 504

4 22, 649
4 15 337

17, 629
12 225

15, 876
11 736

44 17, 398
13 986

16, 865
12 0°0

17,910
11 457

4 22, 598
11 954

20, 144
10 198

22, 799
10 611

°1 547

18 975

24 430

22 706

20 851
in 9^8

Exports, piece goods
SILK

Imports, raw!
Price, raw, AA, 20-22 denier
Production, fabric, qtrly. total!

60.8
56 3

WOOL

Wool imports , clean content!
Anuarel class, clean contentlr

do
_ do

24 125
9.885

18 954
7.597

19 205
7.800

17 921
7. 239

17 632
6. 715

15 1^2
fi! 225

r

14 9 'i
7 606

V 51 6

7 ans

4

11 QfU

19 078

4 27, 206
"

Revised.
v Preliminary.
1 Ginnings to December 13.
2 Ginnings to January 15. 3 Total ginnings of 1960 crop.
4 Data cover a 5-week period. 5 Less than 500 bales
6 Data
7
are for month shown.
August 1 estimate of 1961 crop.
§Total ginnings to end of month indicated, except as noted.
^ Data for June, September, and December 1960 and March and June 1961 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end
of period covered.
9 Includes data not shown separately.
iScattered revisions for 1957-60 are available upon request.




SUEVEY OF CURRENT BUSINESS

S-40
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

August 1961

1960

June

1961

DecemAugust SeptemOctober November
ber
ber

July

January

February

March

May

April

June

July

TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
-dol. per lb__
Graded fleece 3/8 blood
do
Australian, 64s, 70s, good topmaking, inbond_._do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
1947-49=100__
Woolen and worsted woven goods, except woven felts:
Production Quarterly totalj
thous of lin. yd
4pparel fabrics total
do_ _
Other than Government orders total
do
Mien's and boys'
do
"Women's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel men's and boy's
1947-49= 100..
Gabardine women's and children's
do_ _

1. 155
1.088
1.225

1.125
1.070
1.225

1. 125
1.065
1.175

1.125
1. 065
1.175

1. 125
1.036
1.075

1. 125
1. 025
1.075

1. 125
1.025
1. 075

1.125
1.025
1.075

1.125
.988
1.075

1.125
.975
1.075

1.150
.992
1. 100

1.210
1.020
1. 125

102.2

102.2

101.0

98.5

98.5

97.2

97.2

96.0

94.7

93.5

94.7

99.7

103 1
90.8

80, 719
79, 303
78, 453
32, 288
46, 165

108. 1
92.4

68, 507
66, 974
66, 579
24, 838
41, 741

106. 3
92.4

106.3
92.4

106.3
92.4

60 058
58, 555
57 046
22, 298
34, 748

106. 3
92.4

106.3
92.4

106. 3
90. 8

1.200
1 022
1.125

1.201
1 010
1.125

63 816
62 686
61 338
25 132
36, 206

104.0
90.8

104 0
90.8

104 0
90. 8

104 0
90.8

TRANSPORTATION EQUIPMENT
j

AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
^ilcs (net) Quarterly total
Backlog of orders total end of Quarter
Civilian aircraft:
Shipments
Airframc weight
Exports (commercial and civilian) \

do
do

2 607
2 836
11,991
5 2?9

3 065
2, 593
12, 463
5 691

9 874
2. 841
12,490
5 400

i

120,004
97. 584
2, 496. 2 2. 032. 9
46, 641
72, 573

108, 460
2, 233. 6
59, 244

81.102
1, 912. 5
30, 589

88,117
2, 027. 9
37, 580

82,316
2, 099. 7
36, 253

82. 096
1,995.5
20,195

81, 799
1,914.9
28, 282

83, 356
1,988.0
32, 590

100, 228
2, 197. 5
38, 634

114, 696
2,451.3
28,516

97, 501
2, 158. 2

717, 366
364
359
605. 582
596, 296
111,420
89, 022

501,223
424
414
421 , 355
414, 787
79, 444
64,053

390, 326
358
347
324, 020
320, 681
65, 948
53, 331

463, 943
211
148
386. 694
378, 415
77. 038
66. 006

703, 159
447
3%
627. 678
010, 828
75, 034
60, 589

687, 790
338
307
000, 495
580. 077
80, 957
73, 923

613, 905
251
231
520, 714
507, 757
92, 940
79, 802

485, 933
278
278
406, 01 6
395, 075
79, 039
67, 407

448, 212
198
196
303, 193
351, 137
84. 821
67, 703

520, 056
255
254
425. 892
410, 510
99, 909
79, 573

547, 708
425
425
453, 425
442, 740
93, 858
77, 620

641, 039
375
372
539, 858
529, 397
101,406
85, 220

681, 784 pi 488, 100
r> 1 290
397
380
567, 503 f '399,500
557, 055 j
113,824 p 88,300
86, 081

108, 147
thons. of dol
thous. of i b _ _ 2, 431. 5
thous. of doL. 37, 985

MOTOR VEHICLES
F r K'torv sile^ to*al
Coaches total
Domestic
Passenger cars, total
Domestic
Trucks total
Domestic

- --

number
do
do
do
do
do
•do

Exports tota^t

do

Trucks and buses
_
Imports (cars, trucks, buses), total eft
Pissen^or cars (new and u^ed)^
Production, truck trailers: A
Complete trailers, total
Vans
Chassis, van bodies, for sale separately
Registrations:©
"NTcw pissen fr er cars
"\"ew commercial carst

do
do
do

29, 216
7.418
21, 798
38, 077
35, 355

26. 081
6 460
19,621
34, 265
30, 988

31.485
4, 386
27, 099
22, 347
20, 885

14.411
5, 105
9, 306
24, 717
22, 916

26, 643
14, 182
12, 401
20, 088
24.811

20. 401
] f>. 905
10.490
21,215
19. 985

30, 897
12,343
18, 554
29, 005
27, 443

19 927
l6! 31 5
9,612
26, 021
24, 293

20. 424
10, 490
9, 928
23, 482
22, 099

27,314
13,404
13,850
24. 208
23,173

23, 176
9, 589
13, 587
22, 425
21, 684

23. 854
9,443
14,411
26, 297
25, 336

-do
-...do
do

5, 286
3. 096
723

3, 925
2. 308
493

4,134
2,513
670

3,015
2. 195
367

3, 771
2. 1 04
2 184

3, 050
2,218
2 99

3. 133
1,879
389

3, 045
1,738
447

3, 098
1.817
084

4, 175
2,400
518

3. 838
2, 102
497

4.210
2, 304
449

do
do

595, 864
85, 535

546. 535
79, 674

525, 400
81, 440

458, 765
76, 072

547, 401
74, 158

543, 042
67,477

544, 278
73, 250

413. 503
62, 307

374, 877
59, 322

6, 218
3, 873
3, 873
2,345
316
249
249
67
29, 770
14, 349
14.134
15,421

4,149
2, 737
2, 650
1,412
1,331
672
672
659
26, 798
12.440
12,300
14, 358

4,315
2, 506
2,450
1,809
1,334
709
708
625
23, 951
10, 773
10, 688
13, 178

4, 355
2, 984
2, 929
1,371
2, 156
2,150
2, 150
6
21,692
9,874
9, 844
11, 818

4, 657
3,185
3,160
1,472
5, 664
906
906
4,758
22, 905
7, 610
7,611
15, 289

3, 944
2,210
2, 205
1,734
3,732
2, 092
2, 092
1,040
22, 781
8,178
8,178
14, 003

4,291
2, 061
2, 642
1, 630
2,174
1,484
1, 465
690
21,070
6. 857
6, 857
14,213

3,515
2,261
2,261
1,254
1,339
427
427
912
18, 894
5, 023
5, 023
13, 871

1,958
757
757
1,201
1,536
438
438
1,098
18, 429
4, 009
4, 009
13, 760

3,874
2,180
2.180
1,094
1,802
1,795
1,789
7
15, 807
4,284
4,278
11,523

2,933
1, 156
1, 156
1,777
2,040
824
824
1,216
13, 664
3,902
3, 896
9,762

3, 300
1, 588
1, 588
1,772
3,651
2, 030
2,030
1,621
13. 970
4, 344
4, 338
9, 626

3,142
2,085
2,085
1,057
1,217
1,082
1,079
135
11,830
3,341
3,332
8,489

13
13
282
282

7
7
315
315

27
27
288
288

32
32
256
256

33
33
223
223

21
21
202
202

26
26
170
176

14
14
162
162

31
31
131
131

44
44
112
112

31
31
81
81

18
18
116
116

8
8
294
253

1,674
8.2

1,672
8.6

1,672
8.8

1, 668
8.9

1, 666
8.9

1.004
9.2

1, 002
9.4

1, 659
9.7

1.654
9.9

1,050
9.6

1,646
9.7

1,642
9.9

1.638
9.3

56

61

106

64

38

480, 007 ••3499,504 3546,173
72, 487 ••374,519 3 85, 730

24,247
7,980
10, 207

573, 422
81, 409

RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments total
Equipment manufacturers, total

number
do

Railroad and private-line shops, domestic. _do
N"ew orders total \
do
Equipment manufacturers, total
_ __ do
Domestic
do
Railroad and private-line shops, domestic. _do
Unfilled orders, end of month, total.
_ _. do. _
Equipment manufacturers total
do
Domestic
do
Passenger cars (equipment manufacturers):
Shipments total
do
Domestic
do
Unfilled orders end of month total
do
Domestic
do
Association of American Railroads:
Freight cars (class !):§
Number owned or leased, end of month
thous..
Held for repairs percent of total owned
Locomotives (class I) :
Diesel-electric and electric:
Owned or leased end of mo No of power units
Serviceable end of month
do
Installed in service (new), quarterly total. do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types) t
number

28, 972
27. 383
89
119

28, 939
27, 460
148
190
68

38

23

23

28 911
27, 095
32
122
55

72

66

2
3
r Revised.
» Preliminary.
* Preliminary estimate of production.
Excludes data for van bodies.
Includes estimate for one State.
cfData cover complete units, chassis, and bodies.
ARevisions for 1957 (except for detachable van bodies) are available upon request.
©Courtesy of R. L. Polk cv Co.; republication prohibited. Alaska and Hawaii are included.
{Scattered revisions for woolen and worsted goods production (1958), aircraft exports (1958-59), motor vehicle exports and imports (1958-59), truck registrations (1958-May 1959), freight car
new orders (1955-59), and for locomotive exports (1959) are available upon request.
§Excludes railroad-owned private refrigerator cars and private line cars.




INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General;
Business indicators
Commodity prices
Construction and real estate
Domestic trade _
_
_
Employment and population
Finance
International transactions of the U.S
Transportation and communications

.-

1-5
6, 7
7,8
9-11
11-15
16-20
21,22
23,24

Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and printing

24,25
25, 26
26-30
30,31

.
,

Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment

31
32-34
35,36
36,37
37
38
38-40
40

INDIVIDUAL SERIES
Advertising
9
Agricultural loans and foreign trade
16,21,22
Aircraft and parts
3,12,13,14,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
7,9, 26
Aluminum
33
Apparel
2,3,6, 7,9,10,12,13,14,15,38
Asphalt and tar products
35,36
Automobiles
3,9,12,13,14,15,17,22,40
Bakery products
12,13,14
Balance of payments
21
Banking
14,16
Barley
27
Barrels and drums
32
Battery shipments
34
Beef and veal
28
Beverages
3,4,7,9,12,13,14,15,26
Blast furnaces, steel works, etc
12,13,14
Blowers and fans
34
Bonds, outstanding, issued, 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
8,9,10,36
Building costs
8
Business incorporations (new), failures
5
Business sales and inventories
4
Butter
.
27
Cans (metal), closures, crowns
32
Carloadings
23
Cattle and calves
28
Cement and concrete products
7,8,38
Cereal and bakery products
6,12,13,14
Chain-store sales, firms with 4 or more and
11 or more stores
10
Cheese
27
Chemicals
3,4, 5,6,12,13,14,15,19, 22, 24
Cigarettes and cigars
7,30
Civilian employees, Federal
12
Clay products
7,38
Coal
3,4,6,11,13,14,15,22,23,35
Cocoa

22,28

Coffee
22,29
Coke
23,35
Communications
12,13,14,15,19, 20, 24
Confectionery, sales
29
Construction:
Contract awards
8
Costs
8
Employment, hours, earnings, wage rates__
12,
13,14,15
Highways and roads
7, 8,15
Housing starts
8
New construction, dollar value
1,7
Consumer credit
17
Consumer goods output, index
2,3
Consumer expenditures
1,9
Consumer price index
6
Copper
22,33
Com
27
Cost of living (see Consumer price index)
6
Cotton, raw and manufactures
6,7,22,39
Cottonseed, cake and meal, oil
30
Credit, short- and intermediate-term
17
Crops
2,6,27,30,39
Crude oil and natural gas
3,11,13,14,15,35
C urrency in circulation
18
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Digitized Dividend
for FRASER
payments, rates, and yields
Drug-store sales
http://fraser.stlouisfed.org/

Federal Reserve Bank of St. Louis

2,6,26
16
17
10, 11, 17
16,18
15
27
2,19, 20
10

Earnings, weekly and hourly
14,15
Eating and drinking places
10
Eggs and poultry
2,6,28
Electric power
3, 6, 26
Electrical machinery and equipment
3,
4,5,7,12,13,14,19,22,34
Employment estimates and indexes
11,12
Employment Service activities
15
Expenditures, U.S. Government
17
Explosives
25
Exports (see also individual commodities)
21, 22
Express operations
23

National income and product
1
National parks, visits
24
National security expenditures
1,17
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
7,19, 22, 33
Noninst ailment credit
17

Failures, industrial and commercial
5
Farm income, marketings, and prices
1 > 2, 6
Farm wages
15
Fats and oils, greases
6,29,30
Federal Government
finance
17
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
16
Fertilizers
6,25
Fire losses
8
Fish oils and
fish
29
Flaxseed
30
Flooring, hardwood
31
Flour, wheat
28
Food products
3,4,
5,6,9,10,12,13,14,15,18,22,27,28,29,30
Foreclosures, real estate
8
Foreign trade
21, 22
Foundry equipment
34
Freight carloadings
23
Freight cars (equipment)
3,40
Fruits and vegetables..
6, 22, 27
Fuel oil
35,36
Fuels
3,6,35,36
Furnaces
34
Furniture
3,4,6,9,10,12,13,14,17
Furs____
.
22

Paint and paint materials
6,25
Panama Canal traffic
23
Paper and products and pulp
3,
4,5,7,12,13,14,15,18,22,36,37
Parity ratio
6
Passports issued
24
Payrolls, indexes
13
Petroleum and products
3,
4, 5, 6,12,13,14,15,19, 22,35,36
Fig iron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
25
Plywood, hardwood
31
Population
11
Pork
_
28
Postal savings
16
Poultry and eggs
2, 6, 28
Prices (see also individual commodities)
6
Printing and publishing
3,12,13,14,15,37
Profits, corporate
1,18,19
Public utilities
2,3,6, 7,12,13,14,15,19, 20, 26
Pullman Company
24
Pulp and pulpwood
36
Purchasin g power of the dollar
7

Gas, output, prices, sales, revenues
Gasoline
1
Generators and motors
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products

3,6, 25, 26
9,35,36
34
38
24
18,21
6,22,23,27,28
10
1
1
7,38

Hardware stores
9,10
Heating apparatus
7,34
Hides and skins
7,30
Highways and roads
7,8,15
Hogs
.
28
Home Loan banks, loans outstanding
8
Home mortgages
8
Hosiery
.__
38
Hotels
12,13,14,15,24
Hours of work per week
13
Housefurnishings
6, 9,10
Household appliances and radios
3, 6, 9,10,34
Housing starts
8

21,22
Imports (see also individual commodities)
1
Income, personal
Income and employment tax receipts
17
Industrial production indexes:
By industry
2,3
By market grouping
2,3
17
Installment credit
Installment sales, department stores
11
Instruments and related products
3,12, 13,14
34
Insulating materials
17,18
Insurance, life
16
Interest and money rates
Inventories, manufacturers' and trade
4, 10,11
Iron and steel, crude and manufactures
3,
4,5,7,8,12,14,19,22, 32,33
Labor disputes, turnoverLabor force
Lamb and mutton
Lard
Lead.

15
11

28
28
33
Leather and products
3, 7,12, 13, 14,15,30,31
Linseed oil
30
Livestock
2,6, 23, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
8,16,17,19
Locomotives
40
Lubricants
35,36
Lumber and products
3,
4,5,7, 8, 9,10,12,13,14,18,31

Machine tools
34
Machinery
3,4,5,7,12,13,14,19,22,34
Mail-order sales, catalog
10
Manmade fibers and manufactures
7,39
Manufacturers' sales, inventories, orders
4,5
Manufacturing employment, production workers, payrolls, hours, earnings
11,12,13,14, 15
Manufacturing production indexes
2, 3
Margarine
29
Meats and meat packing
2, 6,12,13,14, 28
Medical and personal care
6
Metals
3,4, 5, 7,11,12,13,14, 15,19,32,33
Milk
27
Mining and minerals._. 2,3,11,12,13,14,15,19,20
Monetary statistics
18
Money supply
18
Mortgage loans
8,16,18
Motor carriers
23
Motor vehicles... 3,4, 5, 7. 9,10,12,13,14,15,19, 40
Motors
34

Oats
Oil burners
.
Oils and fats, greases
Orders, new and unfilled, manufacturers'
Ordnance

27
34
6, 29, 30
5
12,13,14

Radiators and convectors
34
Radio and television
3, 6, 9,34
Railroads
2,12,15,19,20,23,40
Railways (local) and bus lines
12,13,14,15, 23
Rayon and acetate
39
Real estate
8,16
Receipts, U.S. Government
17
Recreation
6
Refrigeration appliances, output
34
Rents (housing)
6,9
Retail trade
4,5,9,10,11,13,14,15,17
Rice
27
Roofing and siding, asphalt
36
Rubber and products._ 3,4,5,7,12,13,14,15,22,37
Rye
__
27
Saving, personal
1
Savings deposits
16
Securities issued
19
Services
1,9,12,13,14
Sheep and lambs
__
28
Ship and boat building
12,13,14
Shoes and other footwear
7,9,10,31
Silk, prices, imports, production
7,39
Silver
__
18
Soybeans and soybean oil
30
Spindle activity, cotton
39
Steel ingots and steel manufactures
3,32,33
Steel scrap
32
Stocks, department stores
11
Stock prices, earnings, sales, etc
20
Stone, clay, and glass products
3,
4,5,12,13,14,19,38
Stoves and ranges
34
Sugar
22,29
Sulfur
25
Sulfuric acid
24
Superphosphate
25
Tea imports
29
Telephone, telegraph, cable, and radio-telegraph carriers
12,13,14,15, 20, 24
Teleyision and radio
3,6,9,34
Textiles and products
3,
4,5,7,12,13,14,15,18,22,38,39,40
Tin
22,33
Tires and inner tubes
7, 9,10,37
Tobacco and manufactures
3,
4,5,6,7,8,12,13,14,15,22,30
Tractors
22,34
Trade
. _ _ _ 5,9,10,11,12,13,14,15,17,20
Transit lines, local
23
Transportation and transportation equipment. _ _ 3,4,5,6,9,12,13, 14,15,19,22,23,24,40
Travel
24
Truck trailers
40
Trucks
34,40
Unemployment and compensation
11,15
U.S. Government bonds
16,17,19, 20
U.S. Government
finance
17
Utilities
2,3,6, 7,12,13,14,15,19, 20, 26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits

34
10
29,30
6, 22,27
23
15,17

Wages and salaries
1,2,13,14,15
Washers
34
Water heaters
34
Wheat and wheat
flour
27,28
Wholesale price indexes
6, 7
Wholesale trade
4,5,11,12,13,14,15
Wood pulp
36
Wool and wool manufactures
6,7,22,39,40
Zinc.

33

UNITED STATES

PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $3OO
(GPO)

GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D.C.
OFFICIAL BUSINESS
First-Class Mail

A
Supplement
to tkc
Survey
of
Current
Kusiuess

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 DEFINITIONS

THIS 1957 VOLUME—229 pages, quarto, illustrated, $1.50—is 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.