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AUGUST 1966 / VOLUME 46 NUMBER
8
SURVEY OF CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
Summary
1
The Price Situation in Early Summer
3
Medicare in the National Income and Product Accounts
6
National Income and Product Tables
8
U.S. Department of Commerce
John T\ Connor / Secretary
Office of Business Economics
George Jasssi / Director
Morris R. Goldman Louis J. Paradiso
Associate Directors
Murray F. Foss / Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
ARTICLES
State Personal Income, 1948-65
11
STAFF CONTRIBUTORS TO THIS ISSUE
Factors Affecting the Purchase Value of New Houses
20
Business Review:
David R. Hull, Jr.
Francis L. Hirt
Donald King
Irving Rottenberg
Charles A. Waite
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
Articles:
Regional Economics Division Staff
L. J. Atkinson
June S, Jenner
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U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., 87101
U.S. Courthouse Ph. 247-0311.
Anchorage, Alaska, 99501
Loussac-Sogn Bldg. 272-6331.
Atlanta, Ga., 30303
75 Forsyth St. NW. 526-6000.
Baltimore, Md., 21202
305 U.S. Customhouse PL 2-8460.
B i r m i n g h a m , Ala., 35205
908 S. 20th St. Ph. 325-3327,
Boston, Mass., 02110
80 Federal St. CA 3-2312.
Buffalo, N.Y., 14203
117 Kllicott St. Ph. 842-3208.
Charleston, S . C , 29403
334 Meeting St.
Ph. 747-4171.
Charleston, W. Ya., 25301
500 Quarrier St. Ph. 343-6196.
Cheyenne, Wyo., 82001
6022 U.S. Federal Bldg.
Ph. 634-5920.
Chicago, HL, 60604
1486 New Federal Bldg.
Hi. 828-4400.
Cincinnati, Ohio, 45202
550 Main St. Ph. 684-2944.
Cleveland, Ohio, 44101
E. 6th St. am! Superior Avc.
Ph. 241-7900.
l>allas, Tex., 75202
1114 Commerce St. HI 9-3287.
Denver, Colo., 80202
16407 Fed. Bldg., 20th & Stout Sts.
Ph. 297-3246.
Des Moines, Iowa, 50309
1216 Paramount Bldg.
Ph. 284-4222.
Detroit, Mich., 48226
415 Federal Bldg. Ph. 226-6088.
Greenshoro, N.C., 27402
412 U.S. Post Office Bldg.
Ph. 275-9111.
Hartford, Conn., 06103
18 Asylum St. Ph. 244-3530.
Honolulu, Hawaii, 96813
202 International Savings Bldg.
Ph. 588-977.
Houston, Tex., 77002
515 Rusk Avc Ph. 228-0611.
Jacksonville, Fla., 32202
208 Laura St. Ph. 354-7111.
Kansas City, Mo., 64106
911 Walnut St. FR 4-3141.
Los Angeles, Calif-, 90015
1031 S. Broadway Ph. 688-2833.
M e m p h i s , T e n n . , 38103
345 Federal Office Bldg.
Ph. 534-3214.
Miami, Fla., 33130
51 S\V. First Ave. Ph. 350-5267.
Milwaukee, Wis.. 53203
238 W. Wisconsin Ave. BR 2-8600.
Minneapolis, M i n n . , 55401
306 Federal Bldg. Ph. 33-1-2133.
\ e w Orleans, La., 70130
610 South St. Ph. 527-6516.
New York, N.Y., 10001
Empire State Bldg. LO 3-3377.
Philadelphia, P a . , 19107
1015 Chestnut St. Ph. 597-2850.
Phoenix, Ariz., 85025
230 N. First Ave. Ph. 261-3285.
P i t t s b u r g h , P a . , 15222
1000 Liberty Ave. Ph. 644-2850.
Portland, Greg., 97201
217 Old U.S. Courthouse Bldg.
Ph. 226-3361.
Reno^ Nev., 89502
300 Booth Si. Ph. 784-5203.
R i c h m o n d , Va., 23240
2105 Federal Bldg. Ph. 619-3611 St. Louis, Mo,, 63103
2511 Federal Bldg. MA 2-4243.
Salt Lake City, U t a h , 84111
125 South Stale St. Ph. 524-5116.
San Francisco, Calif., 94102
450 Golden Gate Ave.
Ph. 556-5861,
S a n t u r c e , P u e r t o Rico, 00907
605 Condado Ave. Ph. 723-4640.
S a v a n n a h , Ga., 31402
235 U.S. Courthouse and P.O.
Bldg. 232-4321.
Seattle, Wash., 98104
809 Federal Office Bldg.
583-5615.
The BUSINESS SITUATION
^
JJ OLLOWING a strong rise in June,
business activity moved higher in the
opening month of the third quarter.
Employment and payrolls, after seasonal adjustment, registered good-sized
increases in July and would have risen
more except for the adverse effect of
strikes. The July statistics provided
further evidence that consumer demand, which had showed signs of
flagging in April and May, was recovering some of its buoyancy. Retail
sales advanced again in July, after an
unusually sharp rise in the previous
month, to regain the peak reached in
March.
A drop in automobile production
dampened the rise in industrial output
last month, but it was significant that
retail auto sales stabilized. With auto
output lower, dealers were able to
make sizable reductions in their large
stocks of 1966 models, in preparation
for the new model year. The one distinctly soft spot in the economy was
homebuilding, which declined for the
third straight month and which, to
judge from data on housing permits,
was headed even lower.
There was not much slack in the
economy in early summer. Industrial
prices continued to rise, and the downward movement in farm prices in progress for 4 months was sharply reversed
in July. In financial markets, demand
pressures were extremely strong and
interest rates rose considerably, in some
cases to the highest levels in 30 or
40 years.
quarter, about the same as the preliminary figure published last month.
There were small revisions in both
directions: Consumption turned out
to be moderately higher than the
preliminary estimate, but government
purchases and net exports were both
lower. The new figures appear on
pages 8-10.
Corporate profits changed little from
the first to the second quarter, according to preliminary estimates; the total,
including the inventory valuation adjustment, was at a seasonally adjusted
annual rate of $80 billion. A decline
in profits of the automobile industry was
H
CHART 1
Unemployment
The total unemployment rate has been 4 percent
or less throughout 1966
Percent
18
i
16
AX\
v
14
12
•
:
K
10
TOTAL,
/\
6 *-""'
\
%
Married Men '
Second quarter GNP and profits
I
1
1957
According to revised data, GNP
was at a seasonally adjusted annual
rate of $732 billion in the second
1
59
1
i
i
61
,
i
i
63
i
65
1966
Seasonally
Adjusted
Data: BLS
U.S. Department of Commerce, Office of Business Economics
66-8-1
offset by an increase, on balance, in
other industries.
Rise in personal income
Personal income from wages and
salaries, proprietors' income, and property income showed a sizable advance last month—$3 billion at an
annual rate. Although transfer payments also increased, these gains were
offset in part by the rise in contributions
under the Medicare program, so that
the increase in total personal income
was $2^ billion. The treatment of
Medicare adopted in the national income and product accounts is spelled
out on pages 6-7.
Payrolls increased $2.8 billion last
month as a result of increases in
Government and private nonmanufacturing industries; there was little change
in manufacturing wages and salaries.
A large part of the payroll advance
reflected the increase of 150,000 in
nonfarm establishment employment.
The July gain was tempered by the
strike in the airline industry and by
strikes in contract construction. Large
employment increases—more than
80,000—were reported in the service
industries and in Government, especially State and local.
Manufacturing employment was
about unchanged over the month, with
gains in the metals and machinery
industries offset by substantial decreases
in transportation equipment and
apparel.
Seasonally adjusted average weekly
hours of work in manufacturing edged
down again in July with cutbacks in a
number of industries. Since February,
the manufacturing workweek has declined quite steadily, from a peak of
41.6 hours to the current level of 41.2
SURVEY OF CUREENT BUSINESS
hours. In contrast with manufacturing,
the workweek increased from June to
July in trade, construction, and mining.
ment in new cars should be clearly less
than in the second quarter.
The second quarter increase in purchased materials inventories of metal
Inventory accumulation high
fabricators, following a small decrease
in the first, was responsible for a swing
Nonfarm inventory accumulation
of approximately $1% billion in the rate
(GNP basis), at a seasonally adjusted
of accumulation. I t probably repreannual rate of about $12 billion in the
sented an attempt by steel users to
second quarter, was the highest so far
replenish stocks—after the adjustment
in the current expansion and considerthat followed last year's buildup in
ably above the first quarter rate of
steel inventories—and perhaps an
$8.5 billion (chart 2). The $3% billion
attempt to hedge against slow deliveries
rise in accumulation centered in durable
and the possibility of price increases.
goods and was importantly influenced
Accumulation of purchased materials
by two factors: the increase in dealers'
by
fabricators was very heavy in the
stocks of new cars and the increase in
second
quarter of 1965, around the
purchased materials inventories (estime
of
the initial strike deadline in
pecially steel) of metal-fabricating
the
steel
industry labor negotiations.
industries.
It
declined
during the rest of 1965 and
The rise in the accumulation of new
turned
negative
in early 1966. To
car stocks over the quarter accounted
judge
from
the
trend
of orders placed
for roughly $1 billion of the increase in
with
steel
mills,
fabricators
apparently
inventory investment and was the
tried
to
build
up
their
purchased
result of a larger second quarter dematerials
stocks
early
this
year but
crease in automobile sales than in outcould
not
do
so
because
consumption
put. Dealers' inventories declined by
150,000 units during July, after seasonal of materials was so high.
Although the second quarter rate of
adjustment. Given present producaccumulation
is probably unsustaintion schedules for the third quarter and
able,
total
inventories
do not appear
current sales rates, inventory investhigh gaged by their past relations to
total output. In real terms, for example, the level of second quarter
CHART 2 nonfarm inventories was 21.4 percent
of GNP, as compared with an average
Change in Nonfarm Business Inventories
of 21.3 percent in both 1964 and 1965.
(GNP Basis)
tary policy, climbed sharply to $445
million during the second half of July.
This indicator averaged $130 million
and $325 million for the first and
second quarters of this year.
Interest rates and bond yields have
responded to the credit shortage by
rising to highs not seen, in many
instances, in more than a generation.
In July, a record 4.85 percent average
was posted on newly issued 90-day
Treasury bills (chart 3). This figure
exceeded the previous record of 4.57
percent reached in December 1959.
Rates on prime commercial paper
reached their highest level since 1929,
and the Federal funds rate, one of the
market's most sensitive, rose to a
record 5.87 percent in early August.
In the longer term markets, the Treasury in late July had to offer 5% percent
certificates, the highest interest coupon
since shortly after World War I; New
[!JSd^S2iS2ESI!S^£2S] CHART 3
Interest Rates And Yields
Percent
6.0
5.5
Prime Commercial
Paper 4-6 Months s
5.0
4.5
Interest costs up
Billion $
14
1962
August 1966
63
65
1965
1966
Quarterly,
Seasonally Adjusted
At Annual Rates
U.S. Department of Commerce, Office of Business Economics
66-8-2
During July, the monetary system
continued to operate under severe
strain as the demand for funds maintained its strength while the Federal
Reserve System continued to keep
commercial banks in tight rein. Total
loans and investments combined, seasonally adjusted, rose nearly $3 billion
as loans increased sharply and the
liquidation of holdings of U.S. Government securities persisted.
Operating with restricted reserves,
member banks have become more
frequent visitors to the Reserve Banks'
discount windows. In July, borrowings averaged $770 million, as compared
with $670 million in June. With excess
reserves kept at very low levels, net
borrowed reserves, which are often
watched as a rough measure of mone-
4.0
3.5
3-Month Treasury
Bids (New issues)
3.0
IM !IIII III IIIII!II Ilii ||I |M I|i |
6.0
YIELDS
5.5
5.0
Corporate Bonds
(Moody's Aaa)
4.5
4.0
v
3.5
3 - 5 Year Treasury Issues
I i i I f I i i i i i | i i i i i | i i i i i | M i 1 i I ii I i i
1964
1965
1966
Data: Treas., Moody's & FRB
U.S. Department of Commerce, Office of Business Economics
66-8-3
SUEVEY OF CURRENT BUSINESS
August 1966
York City offered tax-exempt bonds at
a 4.65 percent rate, the highest since
1934; and finally, AT&T's new bonds
of August 3 sold at 5.63 percent interest,
the most expensive issue for the company since 1923.
The Price Situation in Early Summer
PRICE increases in the first half of 1966
were larger and more widespread than
in any comparable time span in the
current economic advance. The second
quarter slowdown in the rate of expansion was not reflected to any significant
extent in the major price indexes. The
easing this spring in prices of farm
products and in wholesale and retail
prices of food were a reflection of improved supplies of livestock and meats
and not primarily the result of the more
moderate increases in aggregate demand. As of early summer, with not
much slack in the economy and with
activity showing some signs of accelerating as compared with the spring,
there appeared to be fairly strong upward price pressures.
The GNP deflator rose 1 percent in
the second quarter after an equally
large rise in the first; these advances
were about double the average quarterly
increases in 1965. Measured from the
end of 1965, the consumer price index
at midyear was up 1.7 percent, as
prices of nonfood commodities and
services showed a steady rise that was
partly offset only in May and June by
declines in food prices. On an overall
basis, wholesale prices rose 1.6 percent
from last December to June, as industrial prices showed a sustained rise
throughout the first half of the year,
and farm and food prices, after rising
sharply early in the year, fell from
March to June.
In July, the wholesale price index
registered one of the largest monthly
increases of 1966—0.5 percent seasonally adjusted. Especially large gains
were reported for agricultural commodities, while industrial commodities increased at about the same rate as in
the first half.
tor in this year's price advance. Pressures were unusually strong in late 1965
and the early part of this year. Utilization of plant capacity, which was already high, rose further in many indus-
- CHART 4
Wholesale Industrial Prices
Industrial prices rose more rapidly in the first half of
1966 than in the two previous half years
The acceleration showed up in most commodity
groups
Percent Change*
-2
0
2
4
6
Dec. 1965 : June 1966
June 1965 - Dec. 1965
Dec. 1964 - June 1965
INDUSTRIAL
COMMODITIES
Hides, Skins,
and Leather
Miscellaneous
Products
Lumber
Unit labor costs
Rubber
Pulp and Paper
Metals and
Metal Products
Tobacco and
Bottled Beverages
Machinery and
Motive Products
Fuels and Power
Nonmetallic
Minerals
Furniture
Textiles and Apparel
|
Chemicals
Supply-demand
relationships
T h e p r e s s u r e of d e m a n d o n a v a i l a b l e
b e e n t h e p r e d o m i n a n t f aC-
tries, the unemployment rate showed
steady decreases, and shortages of
skilled labor in a number of occupations
and geographical areas became evident.
With demand less buoyant in the second quarter, the relative utilization of
resources eased a bit. The more moderate gain in industrial production this
spring, coming at a time of heavy additions to plant capacity, may have put a
halt to the upward movement in plant
utilization. Moreover, the unemployment rate edged up in the second
quarter. Nevertheless, demand in the
second quarter was still strong and continued to press on resources. In durable goods manufacturing, where demand pressures have been greatest
because of the increases in military
expenditures and in plant and equipment outlays, backlogs have continued
to rise in relation to shipments. Despite the rise in the unemployment rate
this spring, the supply of experienced
manpower has remained virtually unchanged. The unemployment rate for
married men has continued very low—2
percent or less. In May, the number of
major areas in the "substantial unemployment" category was the lowest
since 1951, according to the U.S. Employment Service.
*Basedon seasonal adjustments made by OBE
U.S. Department of Commerce, Office of Business Economics
Data: BLS
66-84
On an overall basis, businessmen have
enjoyed comparatively stable unit labor
costs in the current expansion—a development that contributed to relative
price stability. From 1963 to 1965,
employee compensation per unit of real
corporate product rose approximately
1 percent. From the fourth quarter of
1965 to the first quarter of 1966, the
rise in unit labor costs showed some
acceleration, even if allowance is made
for the statutory increase in employer
contributions for social insurance effective January 1. Preliminary data for
the second quarter suggest that this
acceleration continued. At the present
time, the statistics are not firm enough
to indicate whether the rise this year in
unit labor costs reflects a slowdown in
the growth of output per manhour, an
acceleration of the rise in employee
compensation per manhour, or a combination of the two.
SURVEY OF CURRENT BUSINESS
Wholesale Prices
Wholesale industrial prices, after
several years of relative stability, began
to move up in late 1964 and continued to rise moderately throughout
1965.
The overall price rise so far
this year—about 3% percent at an
annual rate—has been fairly steady
but much more pronounced than in
1965, and the acceleration as compared
with 1965 has been widespread among
the major industrial groups (chart 4).
An exception to the general trend in
recent months has been the movement
of lumber prices, which have eased because of the weakness in homebuilding.
Metal prices continue upward
The upward trend that began early
in 1963 in wholesale prices of metals
and metal products accelerated in the
first half of 1966. In June the index
of metal prices, after seasonal adjustment, was 2 percent higher than in
December, a rise almost as great as
the total increase in 1965. Since the
first quarter of 1963, metal prices have
advanced about 9% percent. This was
the third largest percentage gain among
CHART 5
Copper Prices
• Price of primary copper has been steady since
last fall
@
Price of copper scrap, after sharp rise, has eased
since late spring
Cents Per Lb.
70
60
Scrap1,
'•June
50
40
30
20
I IIIIII1I I I
1960
61
62
< I I I i I 1i i i I
63
64
65
66
Quarterly Average
-Scrap price represents No. 1 wire
U.S. Department of Commerce, Office of Business Economics
Data: BLS & E & MJ
66-8-5
the 13 major industrial components
of the BLS wholesale index and was
exceeded only by the increases for
hides and leather products and lumber
and wood products.
All of the eight components of the
metals and metal products group contributed to this year's rise, but as in
the past 3 years, nonferrous metals
posted the largest increase by far. The
advance of about 5 percent accounted
for more than two-thirds of the gain in
the total metal products price index
since last December. For the other
components of the metals index, price
increases ranged from a little under
one-half percent for metal containers
to 2K percent for hardware lines.
Prices of finished steel were fractionally higher in June than at the beginning of the year—a continuation of the
policy of limited price change for selected
products that has been followed by the
steel industry since the first quarter of
1963. At the beginning of this month,
steel producers announced price increases of $2 to $3 a ton for sheet and
strip. This represented an advance of
about 2 percent for these products or
roughly one-half percent for all finished
steel combined.
Copper still in short supply
Although the overall index of nonferrous metals prices has advanced
appreciably in the current expansion,
most of the upward push over the past
year has been due to higher quotations
for fabricated products, scrap materials,
and secondary metals (those made from
scrap), notably copper. Prices of primary copper, aluminum, and zinc have
shown little or no increase since the
spring of 1965 and primary lead prices
have declined in recent months. Attempts by producers to raise primary
aluminum and copper prices last fall
were unsuccessful as a result of the intervention of the Federal Government
under the wage-price guideposts.
The producers' price of primary
copper has been holding steady at 36
cents per pound since November 1965
after advancing 3 cents per pound in
1964 and 2 cents in early 1965. The
present price, the highest since October
1956, represents an increase of 17 percent from the February 1964 low point
August 1966
of 31 cents per pound. Although the
price of primary copper has remained
stable, the price of copper scrap—the
chief source for sscondary copper, which
constitutes an important proportion
(roughly one-fifth) of overall copper
supplies—has risen markedly, particularly since midsummer of 1965, as may
be seen in chart 5. This rise was
especially sensitive to unsettled world
market conditions; with some restoration of stability in late spring, scrap
prices have declined.
Strong worldwide demand, coupled
with production and shipping disruptions abroad, has continued to limit the
increase in copper supplies in the United
States. The new domestic supply of
copper from production and imports
reached a record high in 1965 but lagged
behind domestic demand and exports
for the third year in a row. Partly
because of the step-up in military
demand, there was a strong upsurge in
the use of copper in the first half of this
year but little change in production or
imports. In 1964 and early 1965, the
deficits were made up by heavy withdrawals from privately held inventories.
Later in 1965 and in the first 6 months
of 1966, sizable releases were made from
the national stockpile—120,000 tons
last year and 300,000 in the first half of
this year. An additional 100,000 tons
have been released in the current
quarter.
In view of the continuing shortage of
copper, the Government has taken a
number of steps to increase the supply
available for civilian and defense needs.
The most important of these for the
immediate term were the virtual embargo on exports of domestic ores and
other primary unrefined copper and the
setting of quotas on certain types of
copper-base products.
To insure an adequate supply of
copper for defense orders, the Business
and Defense Services Administration of
the Department of Commerce established a set-aside of domestic refined
copper at the producers' level for the
second quarter of 1966. The set-aside
for the third quarter has been increased,
and a further rise will occur in the
fourth quarter. In terms of tonnage,
the third quarter set-aside of refined
copper is equivalent to about 90 million
August 1966
SUEVEY OF CUREENT BUSINESS
pounds, or about 7% percent of conuun- creased 1 percent and prices for procsumption at the January-June quar- essed food 0.5 percent. However, in
both cases, the entire gain occurred in
terly average rate.
January and February; on an overall
Machinery demand strong
basis, prices receded steadily until June.
The pressures of plant and equipment Just as the 1965 advance was due
demands and increased defense procure- mainly to higher prices for meats and
ment have boosted machinery prices poultry, the recent easing reflects a
considerably this year. From mid- moderate decline in prices for these
1959 through mid-1963, the index of products. Following a period when
wholesale prices for machinery and supplies were very low, hog marketings,
motive products was virtually stable: in particular, have increased in recent
In the V/i years from mid-1963 to the months and are expected to rise further
end of 1965, prices rose only 2 percent; later this year.
Although livestock and meat prices
in the first half of this year, the index
was up 1.7 percent.
As compared with the experience of
the 19507s, however, the recent rise in
1 CHART 6
machinery prices appears modest. For
Consumer Prices
example, during the plant and equipThe rate of increase has slowed since April...
ment expansion from early 1955 through
late 1957, prices for machinery rose 1957-59=100
about 20 percent and contributed 120
greatly to the sizable advance in overall wholesale industrial prices. The 115
greater capacity of the machinery industries in recent years and the comTOTAL
parative stability of steel prices have
undoubtedly been important factors
limiting the machinery price rise in the 105
current expansion.
Mainly because of a drop in food prices
The largest price increases this year
have occurred in those types of machin- 115
ery that are being purchased to expand
and replace capacity in manufacturing, no
mining, and public utilities. At midFood at Home
year, prices for metalworking machin105
ery, general purpose machinery, and
special industry machinery were up 4
percent, 3 percent, and 2% percent 100
respectively since December. ElectriService prices have been rising sharply
cal machinery prices advanced more
than 2 percent during the first 6 months 125
of 1966 after many years of stability.
Prices of agricultural machinery have 120
risen considerably less this year—about
Services
1 percent—and the important motor 115
vehicle category has shown little change
in 1966, continuing the pattern of
110
stability evident since 1960.
N
Wholesale food prices dip
105
Last year, the rise in wholesale prices
for farm products and processed foods
greatly outstripped the rise in industrial
commodity prices. So far in 1966, the
reverse has been true. From December
to June, prices for farm products in-
100
I I 11 11 I 11 II II I I I I I II I 11 I I I I I
1963
1964
1965
1966
Seasonally Adjusted
Data: BLS;
Seasonal adjustments, OBE
JJ.S. Department of Commerce, Office of Business Economics
66-8-6
are no longer the pressing problem that
they were around the turn of the year,
upward price pressures have emerged
among other agricultural products. Of
special, significance has been the further
shrinkage in inventories of grains and
dairy products. The stock of wheat
has been so pared down that an expansion in the wheat acreage allotment has
been proposed to insure enough supplies
to meet both our domestic needs and
our export commitments. Stocks of
dairy products have been virtually
depleted this year, and current production figures are running well under
levels a year earlier; these conditions
are an extension of the long, downtrend
in output of the nation's dairy farms.
The developing imbalances between
supply and demand have been reflected
in price movements. Among wholesale
farm prices, prices for all grains (due
mainly to changes in wheat prices)
edged up slightly in both the fourth
quarter of 1965 and the first quarter
of 1966 and then rose sharply in the
second quarter. From September,
which marked the beginning of the
price rise, to June, grain prices rose
nearly 6% percent, while wholesale
prices for cereals and bakery products
advanced about 4K percent. Further
large increases occurred in July.
The rise in prices for wholesale
dairy products have been even more
pronounced. From 1961 to late summer of 1965, there was virtually no
change in prices for these items. From
September 1965 to December 1965,
prices rose 1.3 percent, and since
December, the wholesale price for
dairy products has increased about 10
percent.
Consumer Prices
As was implied in the preceding discussion, movements in prices of retail
food products have shown considerable
diversity so far this year. Prices of
dairy products have increased very
sharply each month, and smaller but
steady price advances have occurred for
cereals and bakery products. Prices of
meats, poultry, andfishcombined, after
a 6 percent increase from December to
March, have declined about 1% percent
since then. Small decreases in prices of
fruits and vegetables and other foods
also took place after early spring.
6
SURVEY OF CUKKENT BUSINESS
Prices of consumer commodities other
than food have risen more this year than
they did in all of 1965. Although consumer demand showed only a moderate
rise in the second quarter, there was not
much evidence of any softening of
prices. Apparel and shoe prices rose
steadily through May and failed to advance only in June. Prices of household durables showed some firming in
May and June; these prices had declined as a result of the excise tax cuts in
mid-1965, and then stabilized from last
September through this April. Prices
of new cars, which had decreased in the
second half of 1965 and early this year
because of lower excise taxes, moved
slightly higher this April as a result of
the revocation offthe January excise tax
cut. The price rise was a little less than
the increase in the tax; this was probably attributable to the drop in auto
demand this spring.
Eising prices of consumer services
have been a feature of the postwar
period, but the increases in the past
few months, as chart 6 indicates, have
been noteworthy for their magnitude.
Service prices rose 1.1 percent from
December 1964 to June 1965 and 1.5
percent from June to December of
1965; over the first 6 months of this
year, they advanced 2.2 percent, most
of the rise occurring since March. If
rents are excluded from the service
total, the price rise in the first half
amounted to 2.6 percent.
All components of the index contributed to the rise in the services total,
medical care, household services, and
"other" services showing unusually
large advances. Medical care costs
advanced 2.9 percent over the first 6
months of the year, a rate nearly
twice the average half-yearly rise of 1.5
percent during the previous 3 years.
Prices of household services are being
pushed upward primarily by increasing
mortgage interest rates.
Medicare in the National Income and Product Accounts
The Medicare Program in Brief
THE medicare program that became
effective on July 1 provides health
insurance protection for about 19 million persons aged 65 and over, virtually
all persons in this age group. The
program is expected to pay benefits of
about $3 billion for the fiscal year
ending June 30, 1967.
The program will reimburse insured
persons for a portion of the costs
incurred for health care. Benefits are
being paid out under two related health
insurance programs: (1) A hospital
insurance plan that provides partial
coverage of the costs of hospital rind
related care; and (2) a medical insurance plan that covers some of the costs
of physicians' services and other medical and health services not included in
the hospital insurance plan. The benefits of the program, which are described
in the accompanying table, are expected
to cover roughly 40 percent of the
aggregate annual health care costs of
persons over 65. The insured will be
responsible for some of the costs and
certain items are excluded from coverage; the most important exclusions are
drugs for use at home, routine physical
examinations, eyeglasses and eye examinations, dental care, and private duty
nurses.
Payments will either flow directly to
the individuals or be paid on their
behalf to hospitals and doctors. Blue
Cross and similar organizations will act
as intermediaries for the Federal Government.
Like existing social security programs,
the hospital insurance program is financed by contributions paid by employers, employees, and self-employed
persons. These contributions are placed
in a new trust fund (Hospital Insurance
Trust Fund) established by the Treasury. The taxable earnings base—the
amount of annual earnings subject to
the new tax—is $6,600, the same base
that is used for financing retirement
benefits under the old age, survivors, and
disability insurance system (OASDI).
Contributions began January 1, 1966,
August 1966
with a rate of 0.35 percent applied
equally to employees, employers, and
self-employed persons. This rate will
increase to 0.50 percent on January 1,
1967,
and will eventually reach 0.80
percent in 1987. The cost of hospital
insurance for persons over 65 who are
not beneficiaries under the social security or railroad retirement systems will
be paid from general funds of the
Treasury.
Unlike the hospital program, the
medical insurance plan is voluntary.
It is being financed, starting July 1,
1966, by premium payments of $3 per
month from the 17Ji million persons
who chose to enroll in the program;
these personal contributions for social
insurance are matched by Federal contributions of equal amounts from general
funds. The individual and Government
payments for the medical insurance
plan are placed in a separate trust fund
(Supplementary Medical Insurance
Trust Fund). The estimated 1% million persons over 65 who have not
enrolled for the medical insurance will
have opportunities to enroll in the
future (from October 1 to December 31
in odd-numbered years).
Treatment of Medicare in the
National Accounts
Medicare benefits and financing will
be treated in the national income and
product accounts in essentially the
same manner as other social insurance
programs such as OASDI. A number
of categories in the accounts will be
affected by the program.
The employer-employee payroll taxes,
the payments by the self-employed,
and the $3 monthly payments by
insured persons are being recorded
in the accounts as social insurance
contributions, a category of government receipts. The payments out of
general funds of the Treasury to the
trust funds established under medicare
are intragovernment transactions and
will not affect government receipts
or expenditures.
The benefit payments will be recorded
under Federal expenditures as transfer
payments. In the hospital insurance
August 1966
Major Benefit Provisions of Medicare
Program
Starting July 1, 1966
SURVEY OF CURRENT BUSINESS
It will be seen that, when the program is operating routinely, transfer
payments for hospital services will
Patient pays
Medicare
generally be entered in the national accounts very shortly after the services
Hospital insurance program
are rendered. However, there may be
Inpatient hospital care during
a lag of several weeks (or even months)
each "spell of illness"
First 60 days of care
. . . First $40.... Balance.
between
the time the physicians7 serv$10 per day.. Balance.
Next 30 days of care
All costs.-.- Nothing.
Over 90 days of care...:
ices are rendered and the time >vhen the
Extended care services* (posttransfer payments for services are enhospital) after at least 3
days of hospital care
tered
into the accounts. This is beNothing
All costs.
First 20 days of extended
care.
cause
bills are normally rendered by
$5 per day— Balance.
Next 80 days of extended
care.
doctors
on a monthly basis and because
All costs
Over 100 days of extended
Nothing.
care during a "spell of
there
will
probably be further delays in
illness."
the sending of bills to the intermediary.
Home health services
Nothing.
100 home health visits durFull cost.
Among the other items in the acing 1 year after discharge
from a hospital or excounts
affected by medicare are compentended care facility.
sation
of employees and one of its
Outpatient hospital diagnostic services
components,
supplements to wages and
First $20
Diagnostic services pro80 percent
plus 20
vided during a 20-day
of the
salaries.
These
supplements were inpercent of
period in an outpatient
balance.
balance.
department of one
creased
beginning
January 1 by the
hospital.
employer
contributions
under the hosMedical insurance program
pital
insurance
plan.
Services of licensed physiFirst $50
80 percent
cians; up to 100 home
plus 20
of balance
health visits (no prior
percent of
of reasonPersonal income is affected in two
hospitalization required);
balance.
able
and other health services
charges.
w^ays by the medicare program. First,
and supplies provided during each calendar year.
contributions of the employee and the
self-employed under the hospital insur*Benefits begin January 1,1967.
ance program and the voluntary payments under the medical insurance
program, the Department of Health, program are recorded as personal conEducation, and Welfare provides funds tributions for social insurance, which
to its intermediaries, who make pay- are a deduction from personal income.
ments on behalf of the insured to the Second, the benefit payments are reparticipating hospitals. Once the pro- corded as transfers to persons, as noted
gram is fully underway, reimbursement above.
of hospitals will be nearly concurrent
Gross national product will include
with the services provided and will be covered health services as personal conrecorded as a transfer when the hospital sumption expenditures when furnished
receives payment.
by private doctors or private hospitals
Under the medical insurance pro- and as State and local government purgram, the insured patient may pay chases wxhen furnished by State or local
his bill for services and then remit the government health facilities. Payreceipted bill to the intermediary for ments for the services provided in
reimbursement. Alternatively, the doc- Government-operated hospitals w^ill be
tor may accept assignment by the recorded as personal nontax receipts of
patient of the portion of the bill State and local governments.
covered by the program and collect
this amount directly from the inter- Transfers or purchases?
mediary. The transfer payment will
enter the national accounts when the
Some consideration was given to
intermediary reimburses the insured treating the payment of medicare beneperson or pays the physician.
fits as Government purchases rather
than as Government transfers and personal consumption expenditures. The
former treatment would parallel the
handling of medical services furnished
in Government hospitals, e.g., Veterans
Administration hospitals.
After consultation with interested
agencies, the transfer treatment was
adopted. It was felt that since the
insured person is always responsible for
a substantial portion of the costs and
is free to choose and change his own
doctor and hospital, the individual,
rather than the Government, is the
actual purchaser of medical services. In
this sense, the Government—through
the transfer payment—is reimbursing
the individual for a portion of the
health care he has purchased.
This is in contrast to cases where
medical services are furnished without
charge in Government hospitals by
Government health personnel. In such
instances, the individual accepts the
services offered and is not responsible
for the costs.
Magnitude of the Program
The national income and product
accounts were first affected by the
medicare program in January of this
year when contributions for the hospital insurance program began. In the
January-March quarter, personal income was reduced by about $1 billion
(annual rate), compensation of employees was increased by $1 billion, and
Federal Government receipts were increased by $2 billion.
Although services under the program
were received by insured persons beginning in July, payments by fiscal
agents lagged as administrative procedures were being worked out. The
plan to reimburse hospitals concurrently with the provision of services
was not operative in July. As a result,
the $3 personal contribution beginning
in July, together with the contribution
to the hospital insurance fund, more than
offset the actual payments to hospitals
and doctors during that month.
SURVEY OF CUEEENT BUSINESS
8
August 1966
NATIONAL INCOME AND PRODUCT TABLES
1965
1963
1964
1965
I
II
1965
1966
III
IV
I
II
1963
1964
I
1965
Seasonally adjusted at annual rates
II
1966
III
IV
I
II
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross National Product.
590.5
631.7
681.2
660.8
672.9
686.5
704.4
721.2
732.3
551.0
580.0
614.4
600.3
607.8
618.2
631.2
640.5
643.5
Personal consumption expenditures _
375.0
401.4
431.5
418.9
426.8
435.0
445.2
455.6
460.1
353.3
373.8
396.2
387.1
392.2
398.9
406.5
412.8
412.2
53.9
168.6
152.4
59.4
178.9
163.1
66.1
190.6
174.8
65.1
184.5
169.3
64.4
189.4
173.0
66.7
191.4
176.9
68.0
197.0
180.2
70.3
201.9
183.4
67.1
205.6
187.4
53.7
162.2
137.4
59.1
170.5
144.2
66.4
178.2
151.6
64.8
174.2
148.1
64.2
177.6
150.4
67.2
178.5
153.1
69.2
182.5
154.8
72.2
184.1
156.5
68.5
185.8
157.9
87.1
93.0
106.6
103.8
103.7
106.7
111.9
114.5
118.5
82.5
86.5
97.8
95.9
95.3
97.9
102.2
103.5
106.3
81.3
54.3
19.5
34.8
27.0
26.4
88.3
60.7
21.0
39.7
27.6
27.0
97.5
69.7
24.9
44.8
27.8
27.2
94.4
66.7
23.6
43.1
27.7
27.2
96.0
67.9
24.6
43.3
28.1
27.5
98.0
70.2
24.4
45.8
27.8
27.3
101.5
73.9
26.8
47.1
27.6
27.0
105.6
77.0
28.5
48.5
28.6
28.0
106.2
78.2
27.9
50.3
28.0
27.4
76.7
51.9
17.9
34.0
24.8
24.2
81.9
57.4
18.9
38.5
24.6
24.0
89.0
64.9
21.7
43.2
24.1
23.6
86.6
62.3
20.7
41.5
24.4
23.8
88.0
63.4
21.7
41.7
24.5
24.0
89.4
65.5
21.3
44.2
23.9
23.4
.5
91.9
68.4
23.2
45.2
23.5
23.0
95.0
70.8
24.3
46.4
24.3
23.8
94.7
71.3
23.6
47.7
23.4
22.9
Durable goods
Nondurable goods..
Services
Gross private domestic investment..
Fixed investment
Nonresidential
Structures
Producers' durable equipment..
Residential structures
Nonfarm
Farm
Change in business inventories
Nonfarm
Farm.
2
.5
5.8
5.1
.8
7.0
6.4
8.2
7.1
6.1
6.0
4.7
5.6
32.3
26.4
8.5
37.0
28.5
39.0
32.0
35.1
28.7
40.5
32.3
40.1
33.0
40.3
34.2
41.7
35.6
41.9
37.3
Government purchases of goods and services.
Federal
National defense
Other
State and local
122.5
64.2
50.8
13.5
58.2
128.9
65.2
50.0
15.2
63.7
136.2
66.8
50.1
16.7
69.4
131.6
64.4
48.2
16.2
67.3
134.3
65.6
49.1
16.5
68.7
137.7
67.5
50.7
16.8
70.2
141.2
69.8
52.5
17.3
71.4
145.0
71.9
54.6
17.4
73.1
149.0
74.0
57.1
16.9
75.0
Addendum: Implicit price deflator for seasonally
dajusted GNP, 1958=100
107.2
108.9
110.9
110.1
110.7
111.0
111.6
112.6
113.8
Net exports of goods and services.
Exports
Imports
.6
5.9
5.1
.8
5.9
.6
4.7
5.3
—.6
.6
9.1
8.1
.9
.6
9.5
9.4
.0
.6
7.6
6.7
.9
.5
8.7
7.2
1.5
10.4
9.0
1.4
.5
.5
8.9
8.5
f>
.6
12.3
12.1
.5
4.6
5.2
—.6
.5
8.8
8.0
.9
.5
9.3
9.3
.5
7.3
6.5
8.5
7.1
10.2
.5
.5
8.5
8.0
.4
.5
11.6
11.4
.0
.8
1.4
8.9
1.3
7.1
38.7
31.6
6.4
6.0
5.9
4.6
37.3
31.0
5.7
33.4
27.7
38.4
31.9
38.7
32.8
40.1
34.2
40.3
35.8
111.3
57.8
114.1
57.8
111.5
56.2
113.2
57.3
115.0
58.3
116.6
59.3
118.3
60.4
120.4
61.9
53.4
56.3
ft>.3
55.9
56.7
57.3
57.9
58.5
32.1
26.6
8.5
36.4
28.0
109.6
59.5
50.1
6.3
2
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
590.5
631.7
681.2
660.8
672.9
686.5
704.4
721.2
732.3
551.0
580.0
614.4
600.3
607.8
618.2
631.2
640.5
643.5
584.6
5.9
627.0
4.7
672.1
9.1
651.4
9.5
665.3
7.6
677.8
8.7
694.0
10.4
712.3
8.9
720.0
12.3
545.2
5.8
575.4
4.6
605.6
8.8
591.0
9.3
600.5
7.3
609.7
8.5
621.0
10.2
632.0
8.5
631.9
11.6
298.6
318.2
344.7
333.8
338.8
347.5
358.8
366.0
371.6
289.7
307.2
328.5
319.7
322.5
330.9
341.0
344.7
346.7
292.7
5.9
335.7
9.1
324.3
9.5
331.2
7.6
357.0
8.9
359.3
12.3
283.9
5.8
302.6
4.6
315.2
7.3
336.2
8.5
335.1
11.6
135.2
128.8
6.4
142.6
137.9
4.7
147.6
141.8
5.8
149.6
140.6
9.0
114.2
111.4
2.8
123.1
119.9
3.2
131.8
124.6
7.2
131.7
125.5
6.2
322.4
8.5
138.3
131.8
6.5
330.7
10.2
135.1
127.7
7.4
319.7
8.8
135.5
129.4
6.1
310.3
9.3
138.5
132.2
6.3
338.8
8.7
141.0
134.3
6.7
348.4
10.4
116.1
113.3
2.8
313.6
4.7
125.5
122.2
3.3
140.3
135.7
4.7
145.4
139.9
5,5
146.0
137.6
8.4
182.5
179.4
3.1
192.7
191.3
1.4
206.3
203.5
2.7
198.7
196.6
2.1
203.6
202.4
1.2
206.5
204.4
2.1
216.2
210.5
5.7
218.4
215.2
3.1
222.0
218.7
3.3
175.6
172.5
3.1
184.1
182.7
1.4
193.0
190.3
2.7
187.8
185.7
2.1
190.8
189.6
1.1
192.6
190.6
2.0
200.6
195.1
5.6
199.4
196.3
3.0
200.8
197.6
226.2
244.5
262.0
254.3
259.8
265.1
268.8
275.5
282.1
200.9
211.2
221.1
216.6
220.3
223.3
224.0
227.7
Structures
65.7
68.9
74.5
72.7
74.3
73.9
76.9
79.8
78.6
60.4
61.7
64.8
64.0
65.0
64.0
66.2
68.0
Addendum: Gross auto product...
25.1
25.8
31.4
32.6
30.8
31.6
30.5
31.5
28.6
24.7
25.4
31.4
32.2
30.6
31.9
30.7
32.2
607.8
618.2
631.2
640.5
643.5
579.4
588.0
589.9
569.4
546.4
23.0
14.3
4.3
52.5
571.4
548.4
22.9
14.2
4.3
Gross National Product.
Final sales
Change in business inventories.
Goods output
.
..
Final sales
Change in business inventories.
Durable goods
Final sales
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
Services
3.2
230.9
66.0
29.1
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross National Product.
Private
Business
Nonfarm
Farm
Households and institutions
Rest of the world
General government
590.5
631.7
681.2
660.8
672.9
686.5
704.4
721.2
732.3
551.0
580.0
614.4
600.3
532.4
568.7
613.4
595.2
606.4
618.2
633.8
648.4
657.6
503.2
530.8
563.5
550.2
557.3
567.2
513.0
491.5
21.5
16.0
3.4
547.4
527.0
20.4
17.3
4.0
590.8
567.1
23.8
18.3
4.3
573.0
551.6
21.4
17.5
4.7
583.6
559.4
24.2
18.0
4.8
595.3
570.6
24.7
18.7
4.1
611.2
586.6
24.7
19.1
3.4
624.9
599.3
25.7
19.1
4.4
634.0
609.0
25.0
19.1
4.4
486.6
463.8
22.8
13.2
3.4
513.3
491.2
22.0
13.6
3.9
545.4
521.7
23.8
14.0
4.1
532.2
509.4
22.8
13.4
4.6
515.1
23.8
13.7
4.6
548.9
524.6
24.3
14.2
4.0
561.6
537.5
24.1
14.5
3.3
58.1
63.0
67.8
65.6
66.6
68.3
70.6
72.8
74.7
47.8
49.2
50.9
50.1
50.5
51.1
51.8
53.6
1965
1963
1964
1965
I
II
1966
III
IV
I
1965
II*
1963
1964
1965
I
II
III
1966
IV
I
II*
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
[Billions of dollars]
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Gross National Product
Less: Capital consumption
allowances
590.5 631.7 681.2 660.8 672.9 686.5 704.4 721.2
52.6
56.0
59.6
58.2
59.1
60.2
60.8
732.3
61.6
62.7
Equals: Net national product- _. 537.9 575.7 621.6 602.7 613.8 626.3 643.6 659.7
669.6
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
Wage accruals less disbursements
Plus: Government transfer
payments to persons...
Interest paid by government (net) and by
consumers
Dividends
Business transfer payments
Equals: Personal income -
Gross corporate product..
54.7
62.7
62.2
62.7
63.6
63.0
64.7
2.3
2.5
2.6
2.5
2.6
- . 3 -1.4 -1.6 -4.1 -2.1
2.5
-.8
2.6
.4
2.6
-.8
2.6
—1.1
.9
.9
.8
.8
58.5
1.3
1.0
62.0
1.2
1.0
481.9 517.3 559.0 543.3 552.2 562.7 577.8 595.7
604.3
58.9
66.6
74.2
73.2
72.7
74.0
76.9
80.0
80.0
26.9
28.0
29.2
28.8
29.0
29.2
29.8
36.5
37.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
33.0
34.2
17.6
16.5
2.3
37.1
19.1 20.6
17.3 "19.2
2.5
2.6
36.0
20.0
18.1
2.6
35.2
20.5
18.8
2.5
39.4
20.9
19.5
2.5
37.9
21.0
20.2
2.6
40.0
21.9
20.9
2.6
465.5 496.0 535.1 518.0 527.6 541.9 552.8 564.6
40.1
22.5
21.1
2.6
573.5
335.0 360.9 391.2 381.8 385.8 393.1 403.9 415.2 422.3
31.8
33.9
36.3
35.2
36.0
36.8
37.
37.
38.5
32.9
34.8
37.4
37.1
37.1
37.3
37.9
37.3
38.5
Income originating in corporate
business
270.4 292.3 317.5 309.5 312.8 319.0 328.8 340.1 345.3
Compensation of employees.
Wages and salaries
Supplements
Net interest
216.3 231.4 249.0 242.4 246.1 250.5 256.8 265.9 271.1
194.9 208.5 224.1 218.3 221.6 225.4 231.2 237.2 241.8
21.4 22.9 24.8 24.1 24.5 25.1 25.
28.
29.3
-2.4 -2.7 -2.5 -2.6 -2.5 -2.4 -2.4 -2.4 -2.5
Corporate profits and inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits. __
Inventory valuation adjustment
56.4
56.9
26.3
30.5
15.4
15.1
Gross product originating
in financial institutions..
15.0
63.6
64.0
28.4
35.6
16.0
19.6
71.0
72.5
31.
41.3
17.
23.6
69.6
71.0
30.
40.
16.5
23.
69.
70.9
30.7
40.2
17.2
23.0
70.9
71.9
30.9
41.0
18.1
22.9
74.4
76.
32.4
43.7
19.0
24.
76.
79.5
34.1
45.4
19.4
26.0
76.7
79.6
34.2
45.4
19.5
25.8
-1.8 -1.0 -1.8 -2.8 -2.9
15.6
16.5
16.0
16.3
16.6
17.2
National income.
Capital consumption allowances
31.0 32.9 35.3 34.2
Indirect business taxes plus
transfer payments less subsidies
.
31.5 33.3 35.8 35.5
Income originating in non257.6 279.0 303.5 296.0
financial corporations
Compensation of employees __ 204.4 218.7 235.5 229.4
Wages and salaries
184.5 197.3 212.3 206.9
Supplements
19.9 21.4 23.2 22.5
5.9
4.5
5.2
Net interest
5.6
Corporate profits and inventory valuation adjust
48.6 55.2 62.1 61.1
ment
49.1 55.6 63.6 62.4
Profits before tax
22.9 24.3 27.5 27.1
Profits tax liability
26.2 31.3 36.1 35.3
Profits after tax
14.3 14.6 16.2 15.0
Dividends
11.9 16.8 19.9 20.2
Undistributed profits..
Inventory valuation adjustment—
- . 5 - . 4 -1.5 - 1 . !
Addenda:
Cash flow, gross of dividends:
All corporations62.3 69.5 77.6 75.5
Nonfinancial corporations
57.1 64.3 71.4 69.5
Cash flow, net of dividends:
All corporations
46.8 53.5 59.9 58.9
Nonfinancial corporations
42.8 49.7 55.2 54.5
35.0
35.8
36.3
36.8
35.5
35.8
36.3
35.7
37.5
299.0 304.9 314.1 325.2
232.8 236.9 243.0 251.6 256.6
209.9 213.5 219.0 224.8 229.1
22.9 23.4 24.0 26.8 27.4
6.0
6.3
5.8
6.3
6.5
60.4
62.2
27.0
35.2
15.7
19.5
-1.1
61.9
62.9
27.2
35.8
16.6
19.2
64.9
66.7
28.5
38.2
17.5
20.7
- 1 . 0 -1.1
Wages and salaries
Private...
Military
Government civilian..
Supplements to wages and
salaries
Employer contributions for
social insurance
O ther labor income
Employer contributions
to private pension and
welfare funds
Other
Proprietors' income..
77.8
71.6
80.9
74.4
83.1
76.7
83.9
59.0
54.4
59.7
55.0
61.9
57.0
63.7
58.9
64.3
•Second quarter 1966 corporate profits (and related components and totals) are preliminary
and
subject to revision in next month's Survey.
1
Excludes gross product originating in the rest of the world.
311.1
358.4 348.2 353.7 360.8 370.8 380.0
387.4
251.6
10.8
48.6
289.1 281.2 285.8 291.1 298.5 305.9
11.7 12.1 11.8 11.7 12.0 13.0 13.6
52.6 57.1 55.2 56.3 57.7 59.3 60.4
311.5
14.1
61.8
40.5
29.9
32.0
34.5
33.5
34.1
34.8
35.7
39.6
15.0
15.4
16.0
15.8
15.9
16.0
16.3
19.6
19.9
14.9
16.6
18.5
17.8
18.2
18.8
19.4
20.0
20.6
12.2
2.7
13.7
3.0
15.4
3.1
51.0
51.9
55.7
53.3
55.9
56.7
57.1
58.4
57.9
37.9
39.9
40.7
40.5
40.4
40.7
41.1
41.4
41.6
.0
•0
-.4
13.1
12.0
15.1
12.9
15.5
16.0
16.0
17.0
16.3
Rental income of persons.
17.1
17.7
18.3
18.1
18.3
18.4
18.5
18.7
18.8
Corporate profits and inventory
valuation adjustment
58.9
66.6
74.2
73.2
72.7
74.0
76.9
80.0
80.0
59.4
67.0
75.7
74.5
74.5
75.0
78.7
82.7
82.9
26.3
33.1
16.5
16.6
28.4
38.7
17.3
21.3
31.2
44.5
19.2
25.3
30.7
43.8
18.1
25.7
30.7
43.8
18.8
25.0
30.9
44.1
19.5
24.6
32.4
46.3
20.2
26.1
34.1
48.7
20.9
27.8
34.2
48.7
21.1
27.7
-.5
- . 4 -1.5 -1.3 -1.8 -1.0 -1.8 -2.8
-2.9
13.8
15.5
Profits before tax.
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest..
41.0
17.8
16.9
17.5
18.1
18.7
19.1
19.6
Table 7.—National Income by Industry Division (1.11)
All industries, total.
Agriculture, forestry, and
fisheries
Mining and conduction...
Manufacturing
Nondurable goods
Durable goods
481.9 517.3 559.0 543.3 552.2 562.7 577.8 595.7
21.4
10.5
22.9
11.2
22.0
10.9
22.8
10.9
23.1
11.2
23.7
11.6
24.1
11.7
10.3
Wholesale and retail trade _______ 73.4
11.1
79.1
11.6
83.6
11.3
82.1
11.6
82.5
11.7
83.9
11.9
85.9
11.9
88.0
53.6
54.1
57.1
58.9
61.0
63.0
59.3
60.6
60.3
62.0
61.5
64.1
62.9
65.3
63.7
66.4
64.7
3.4
70.0
4.0
75.2
4.3
72.9
4.7
73.9
4.8
75.7
4.1
78.5
3.4
80.7
4.4
Finance, insurance, and real
estate
Services
Government and government
enterprises
Rest of the world
604.3
18.6 17.7 21.0 18.6 21.4 21.9 22.1 23.2
30.2 32.4 34.8 34.1 34.4 34.6 35.9 37.1
143.8 155.1 170.4 166.7 167.6 170.8 176.5 184.4
57.5 61.5 65.6 64.4 64.9 \65.6 67.5 69.8
86.3 93.6 104.8 102.2 102.7 105.2 108.9 114.7
20.0
9.8
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
Mutual
Stock
76.2
70.1
604.3
427.9
Farm
Financial institutions
- 2 . 8 —2.9
552.2 562.7 577.8 595.7
37.9
All industries, total
67.3
70.1
30.2
39.9
17.7
22.2
481.9 517.3 559.0
341.0 365.7 392.9 381.7 387.8 395.6 406.5 419.6
Business and professional
Income of unincorporated
enterprises
Inventory valuation adjustment
Transportation
Communication
Electric, gas, and sanitary
17.5
Gross product originating
in nonfinancial corporations
320.0 345.3 374.6 365.8 369.5 376.5 386.7 397.7
Table 6.—National Income by Type of Income (1.10)
Compensation of employees
Table 5.—-Gross Corporate Product 1 (1.14)
Capital consumption allowances—
Indirect business taxes plus
transfer payments less subsidies
[Billions of dollars]
Nonfinancial corporations.
Manufacturing
Nondurable goods
Durable goods
Transportation, communication, and public utilities
All other industries
58.9
66.6
74.2
73.2
72.7
74.0
76.9
80.0
7.8
8.4
8.9
8.5
8.7
8.9
9.5
9.4
1.6
6.2
17
6.7
18
7.1
51.2
58.2
65.3
64.6
64.0
65.0
67.5
70.6 . . . . . .
28.8
13.0
15.8
32.4
14.5
17.9
37.8
15.7
22.1
37.4
15.5
21.9
36.7
15.5
21.2
37.4
15.5
21.9
39.6
16.4
23.2
41.9
17.2
24.7
9.5
12.9
10.4
15.4
11.1
16.4
10.7
16.5
10.9
16.4
11.2
16.4
11.5
16.4
11.3
17.4
80.0
SURVEY OF CUREENT BUSINESS
10
1965
1963
1964
I
II
1965
August 1966
1966
III
IV
I
1965
II*
1963
1964
1965
Seasonally adjusted at annual rates
Commodity-producing
industries
Manufacturing
Distributive industries
Service industries
Government
Other labor income..
465.5 496.0 535.1
m.i
L25.7
LOO. 6
76.0
49.9
59.5
III
IV
I
II
[Billions of dollars]
Table 9.—-Personal Income and'Its Disposition (2.1)
Wage and salary disbursements.
II
Seasonally adjusted at annual rates
[Billions of dollars]
Personal income
I
1966
Table 12.—Federal Government Receipts and Expenditures (3.1, 3.2)
18.0 527.6 541.9 552.8 564.6
573.5
333.6 358.4 348.2 353.7 360.8 370.8 380.0
387.4
34.0 144.3 140.9 142.6 144.8 148.9 153.8
07.2 115.5 112.6 114.0 116.2 119.2 123.0
81.2 86.7 84.6 86.0 87.1 89.1 90.8
54.1 58.1 55.7 57.2 59.2 60.5 61.3
64.3 69.2 67.0 68.0 69.7 72.3 74.1
157.0
126.0
92.1
62.5
75.9
14.9
16.6
18.5
17.8
18.2
18.8
19.4
20.0
20.6
Proprietors' income
51.0
Business and professional. __ 37.9
Farm
13.1
51.9
39.9
12.0
55.7
40.7
15.1
53.3
40.5
12.9
55.9
40.4
15.5
56.7
40.7
16.0
57.1
41.1
16.0
58.4
41.4
17.0
57.9
41.6
16.3
Federal Government receipts. __ 114.5 115.1 124.9 124.0 125.0 123.8 126.9 136.0
Personal tax and nontax receipts
-_ _ _ _. _
Corporate profits tax accruals
Indirect business tax and nontax accruals _ , _ -_ _
Contributions for social insurance
Federal Government expenditures
51.5
24.6
48.6
26.5
54.2
29.1
15.3
16.2
16.8
53.4
28.7
17.5
23.1
23.9
24.8
24.5
54.7
30.3
141.0
54.9
28.7
16.8
53.8
28.9
16.3
16.7
15.2
16 1
24.6
24.7
25.2
31.7
32 2
113.9 118.1 123.4 119.6 120.6 126.3 127.0 133.7
137.1
57.1
31.9
60.7
32.0
•»
Rental income of persons.
Dividends
17.1
16.5
17.7
17.3
18.3 18.1
1.9.2. 18.1
Personal interest income
31.4
34.6
38.4
36.9
Transfer payments______
18.3
18.8
38.0
18.4
19.5
18.5
20.2
18.7
20.9
18.8
21.1
38.9
39.7
41.0
42.1
42.0
40.5
42.6
42.8
20.4
18.6
19.5
19.7
2.2
5.7
13.7
2.0
5.8
14.1
2.0
5.9
15.2
1.6
6.0
15.4
36.8
39.7
38.6
15.2
16.0
18.1
16.7
2.8
5.0
12.2
2.6
5.3
12.9
2.2
5.6
13.8
2.4
5.5
14.1
16.6
2.2
5.6
13.3
Less: Personal contributions
for social insurance
11.8
12.5
13.2
13.1
13.2
13.2
13.5
16.9
17.1
Less: Personal tax and nontax
payments
___
60.9
59.4
66.0
64.9
66.6
65.7
66.7
69.5
73.6
Equals: Disposable personal
income
404.6 436.6 469.1 453.2 461.0 476.2 486.1 495.1
499.9
Less: Personal outlays.
384.7 412.1 443.4 430.3 438.6 447.1 457.6 468.4
473.3
375.0 401.4 431.5 418.9 426.8 435.0 445.2 455.6
460.1
Old-age and survivors
insurance benefits
State unemployment
insurance benefits...
Venterans' benefits
Other
Personal consumption
expenditures.-.
Interest paid by consumers
Personal transfer payments to foreigners.._
Equals: Personal saving
Addendum: Disposable personal income in constant
(1958) dollars
_.__
9.1
10.1
.6
.6
19.9
24.5
37.8
11.3
10.8
11.2
11.5
11.8
.6
.6
.6
.6
.6
25.7
22.8
22.4
29.0
28.5
12.1
12.5
.7
26.7
381.3 406.5 430.8 418.8 423.7 436.8 443.9 448.4
26.6
447.9
Table 10.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption
expenditures
Durable goods..
Automobiles and parts...
Furniture and household
equipment
Other.
Nondurable goods
Food and beverages.
Clothing and shoes..
Gasoline and oil.
Other
Service s.
Housing
Household operation..
Transportation
Other
375.0 401.4 431.5 418.9 426.8 435.0 445.2 455.6
460.1
53.9
59.4
66.1
65.1
64.4
66.7
68.0
70.3
67.1
24.3
25.8
29.8
30.1
29.2
30.2
29.9
31.4
28.5
28.8. 29.6
9.3
9.3
29.2
9.3
168.6 178.9 190.6 184,5 189.4 191.4 197.0 201.9
205.6
22.2
7.5
88.2
30.6
13.5
36.3
25.1
8.5
27.1
9.1
27.3
9.2
104.8
39.7
16.1
45.0
152.4 163.1 174.8 169.3 173.0 176.9 180.2 183.4
187.4
66.0
26.5
13.5
77.5
67.1
27.1
13.9
79.4
55.4
23.1
11.4
62.5
59.2
24.3
11.8
67.8
63.2
25.6
12.8
73.3
95.4
34.6
14.4
40.1
26.2
9.0
98.7 101.6 103.3
36.0 37.5 39.4
15.3 15.7 15.8
41.4 42.3 43.3
92.8
33.6
14.1
38.4
98.4
35.9
15.1
41.1
26.0
9.0
61.6
24.7
12.2
70.8
97.8
35.6
15.2
40.9
62.7
25.4
12.7
72.3
63.6
26.0
13.0
74.2
64.7
26.3
13.4
75.8
Table 11.—Foreign Transactions in the National Income a n d
Product Accounts (4.1)
Receipts from foreigners
32.3
37.0
39.0
35.1
40.5
40.1
40.3
41.7
41.9
Exports of goods and services.._ 32.3
37.0
39.0
35.1
40.5
40.1
40.3
41.7
41.9
32.3
37.0
39.0
35.1
40.5
40.1
40.3
41.7
41.9
Imports of goods and services.__ 26.4
28.5
32.0
28.7
32.3
33.0
34.2
35.6
37.3
3.4
.6
2.9
.7
2.6
1.8
Payments to foreigners
Transfers to foreigners
Personal
___ _
Government
2.8
.6
2.8
.6
2.8
.6
2.6
.6
3.1
.6
2.8
.6
2.5
6
2.2
2.2
2.2
2.0
2.5
2.2
1.9
Net foreign investment .
3.1
5.7
4.2
3.8
5.1
4.2
3.5
2.8
2.2
*Second quarter 1966 corporate profits (and related components and totals) are preliminary
and subject to revision in next month's Survey.
Purchases of goods and services
National defense
_ _
Other
Transfer payments
To persons
To foreigners (net)
Grants-in-aid to State and
local governments
Net interest paid
Subsidies less current surplus
of government enterprises..
Surplus or deficit (-),
national income and
product accounts
6*2
65.2
66.8
64.4
65.6
67.5
69.8
71 9
74 0
50.8
13.5
50.0
15.2
50.1
16 7
48.2
16.2
49.1
16.5
50.7
16.8
52.5
17.3
54.6
17.4
57.1
16 9
29.1
27.0
2.2
29.9
27.8
2.2
32.4
30.3
2.2
31.3
29.2
2.0
30.9
28.4
2.5
34.8
32.5
2.2
32.8
30.8
1.9
35.4
32.6
2.8
34.8
32.6
22
9.1
10.4
11.2
11.0 .11.1
11.1
11.6
13.0
14 6
77
8 3
8 7
8.6
8.7
8.8
8.8
9.3
95
3.6
4.2
4.2
4.3
4.2
4.1
4.1
4.1
4.2
.7
-3.0
1.6
4.5
4.4 - 2 . 5
-.2
2.3
3.9
Table 13.—State and Local Government Receipts and Expenditures
(3.3, 3.4)
State and local government
receipts
63.4
69.6
75.3
73.4
Personal tax and nontax
receipts
9.4 10.8 11.8 11.5
Corporate profits tax accruals. 1.7 1.9 2.0 2.0
Indirect business tax and
nontax accruals
39.4 42.3 45.8 44.6
Contributions for social
4.4
4.1
4.5
insurance
3.8
74.6
75.9
77.3
80.1
83.2
11.7
2.0
11.9
2.0
12.1
2.1
12.4
2.2
12.9
2.2
45.4
46.4
47.0
47.8
48.7
4.4
4.5
4.6
4.7
4.8
9.1
10.4
11.2
11.0
11.1
11.1
11.6
13.0
14.6
62.2
67.9
73.7
71.5
72.9
74.4
75.7
77.7
79.7
Purchases of goods and
58.2 63.7
services
Transfer payments to persons. 6.0 6.5
69.4
6.9
67.3
6.8
68.7
6.8
70.2
6.9
71.4
7.0
73.1
7.4
75.0
7.5
.6
.6
.6
.5
.5
.5
.5
3.3
3.3
2.4
3.5
88.7 101.4 109.1 105.3 104.8 112.8 113.6 11.3.2
114.0
26.6
Federal grants-in-aid .
State and local government
expenditures
Net interest paid
Less: Current surplus of
government enterprises
Surplus or deficit (-), national income and
product accounts
.8
.7
2.8
3.0
3.2
3.1
3.2
3.2
3.2
1.2
1.7
1.6
1.9
1.7
1.5
1.6
Table 14.—Sources and Uses of Gross Saving (5.1)
Gross private saving-
Personal saving
Undistributed corporate
profits
Corporate inventory valuation adjustment
•_
Corporate capital consumption allowances
Noncorporate capital consumption allowances
Wage accruals less disbursements
Government surplus or deficit
(—), national income and
product accounts
24.5
25.7
21.3
25.3
-.5
-.4
-1.5
31.8
33.9
36.3
22.2
23.3
.0
1.8 - 1 . 4
19.9
16.6
22.8
25.7
22.4
29.0
28.5
26.7
25.0
24.6
26.1
27.8
27.7
-2.8
-2.9
-1.8 -1.0
35.2
36.0
36.8
37.2
37.7
38.5
23.0
23.2
23.4
23.6
23.8
24.2
.0
.0
.0
.0
.0
.0
.0
3.2
6.4
6.1
-1.0
1.4
4.7
7.4
2.3
4.5
1.6
.7 - 3 . 0
1.6
1.9
1.7
1.2
2.4
90.3 98.7 110.7 107.6 108.8 110.9 115.4 117.1
3.9
3.5
20.9
.0
4.4 - 2 . 5
1.5
1.7
Federal
State and local..
Gross investmentGross private domestic ininvestment
.
Net foreign investment
87.1
3.1
Statistical discrepancy..
-.3
-.2
1.6
93.0 106.6 103.8 103.7 106.7 111.9 114. 5
2.6
3.5
4.2
5.1
3.8
4.2
5.7
-1.4 -1.6 -4.1 -2.1
-.8
.4
120.3
118.5
1.8
-1.1
by REGIONAL ECONOMICS DIVISION STAFF
State Personal Income, 1948-65
_L HIS report presents estimates of
personal income received by residents
of each State for the years 1948-65.
Tables 1 and 2 show summary figures
on total and per capita personal income
for all years. For the period 1963-65,
total income in each State has been
disaggregated to show industrial sources
and types of income in each S t a t e see tables 4-62a. Space limitations
preclude showing this detail for earlier
years; however, copies of the detailed
figures are available in limited supply
on request.
Revised Estimates
The estimates in this report represent a basic revision of the State personal income series. They incorporate
the relevant changes that were introduced into the national income and
product accounts in the August 1965
Survey. In addition, they reflect the
routine updating of the national totals
for 1963-65, as published in the July
1966 Survey. It is emphasized that the
estimates in this report supersede all
previously published State estimates,
including those in the April 1966 Survey.
Although the April estimates reflected
most of the revisions contained here,
basic source data have become available since then and have made further
improvements possible. It should be
noted that the industrial classification
system used here is different from that
used in earlier issues of the Survey.
The nature of the revisions and an
evaluation of their effect on the State
distribution of personal income were
detailed in the April 1966 Survey.
The following paragraphs summarize
that presentation.
Nature of the revisions
As a result of the comprehensive reviGrowth Patterns in
sion of the national income and product
Employment
by County
accounts that was completed in 1965 by
the Office of Business Economics, four
Now available are all eight voltypes of changes were introduced into
umes
of the study which identifies
the State series. Thefirsttwo were adand
measures
components of emjustments—definitional and statistiployment
change
for counties for
cal—to revised national totals; the
1940-50
and
1950-60.
See the
third incorporated new source material
announcement
on
back
cover
of
that affected the geographic distribution
this
issue.
of various income components; and the
fourth reflected a change in industrial
classification, which also may be conThe fourth major change in definition
sidered a special type of definitional
was to capitalize real estate commischange.
sions, which had been previously treated
Definitional changes
as current expense. This caused an
upward
revision in the personal income
On balance, definitional changes retotal
in
1964, raising proprietors' induced personal income by $3% billion in
come
by
about
$% billion.
1964.
Four changes were mainly responsible.
The largest reduction—$1% billion- Statistical changes in national totals
came from shifting earnings of certain
There was a net upward revision of
financial intermediaries from the im- $8 billion in personal income in 1964
puted interest component of property due to statistical changes. New data
income (included in personal income) to on owner-occupied nonfarm dwellings
corporate profits (excluded from per- and on employer contributions to emsonal income).
ployee group insurance provided the
Federal payments to private non- basis for substantial upward revisions
profit organizations for research and de- in rental income of persons and other
velopment were formerly classified as labor income. Rental income was intransfer payments. With the 1965 re- creased nearly $6 billion in 1964, while
visions, they are considered Federal other labor income was raised about
purchases of services. This change in $2y billion. Smaller statistical changes
definition reduced transfer payments in 2other components tended to be
and total income by almost $V/2 billion. offsetting on balance.
The dividend component of property
income was reduced nearly $1 billion as Changes in State distributions
the result of the exclusion of capital
gains of investment companies and the
The 1960 Decennial Census of Poputransfer of earnings of mutual com- lation and Housing made available new
panies from the personal to the cor- benchmark data for wages and salaries
porate sector of the accounts.
in certain industries not covered by
11
SUEVEY OF CUEEENT BUSINESS
12
State unemployment insurance programs. The Decennial Census also
served as a basis for a more comprehensive adjustment of income to take
account of workers who cross State
lines in commuting from home to work.
Adjustments were improved in 10
States and made for the first time in
23 others.
Data provided by the Internal Eevenue Service made possible the estab-
lishment of current benchmarks for
nonfarm proprietors' incomes. These
data cover the years 1962, 1963, and
1964. Previously, the only benchmark for this component of personal
income that was based on direct
measurement of profits of unincorporated businesses was derived from a
special study made by the Bureau of
Old-Age and Survivors' Insurance for
the years 1951-52.
August 1966
Industrial classification change
Prior to the current revision, the
industrial detail used in the State income series was based upon the 1942
and 1945 Standard Industrial Classifications (SIC). The detail shown in
tables 4-62a of this report reflects the
1957 SIC. This change in classification
affected the industrial distribution of
income within each State but had no
effect on the overall income total.
Table 1.—Total Personal Income, by States and Regions, 1948-65
[Millions of dollars]
State and region
United StatesNew England.
Maine
New HampshireVermont
Massachusetts
Rhode Island
Connecticut
Mideast.
New York
New Jersey
Pennsylvania
Delaware
Maryland.
District of ColumbiaGreat Lakes
Michigan. _.
Ohio
Indiana
Illinois
Wisconsin...
PlainsMinnesota
Iowa
Missouri
__.
North Dakota.
South D a k o t a Nebraska
Kansas—..
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
208,878 205,791 226,214 253,233 269,767 285,458 287,613 308,265 330,481 348,462 358,474 380,963 398,725 414,411 440,192 463,053 493,408
26,579
28,165
29,461
31,269
33,383
1,703
1,242
673
12,141
1,846
6,800
1,796
1,305
716
12,680
1,897
7,138
1,815
1,360
732
13,242
1,966
7,464
1,885
1,449
778
13,912
2,115
8,026
1,932
1,516
799
14,547
2,199
8,468
2,088
1,600
850
15,383
2,344
9,004
2,245
1,714
934
16,349
2,515
9,626
95,290
99,042 102,420 108,230 113,023 120,297
128,400
13,623
14,911
16,525
17,451
18,500
18,731
1,084
668
407
7,012
1,175
3,450
1,060
671
396
6,971
1,151
3,374
1,087
704
425
7,654
1,262
3,779
1,188
792
482
8,344
1,384
4,335
1,291
833
496
8,675
1,446
4,710
1,298
884
521
9,179
1,531
5,087
1,314
915
526
9,293
1,523
5,160
54,342
54,408
59,210
64,882
68,428 72,684
73,590
26,051
8,063
14,716
537
3,331
1,644
26,046
8,131
14,553
27,841 30,009
8,934 10,151
16,189 17,752
684
731
3,772 4,318
1,790 1,921
31,396 33,206 34,275 36,453 38,608
10,934 11,750 11,957 12,688 13,719
18,617 19,938 19,515 20,669 22,295
1,124
782
835
980
857
4,721 5,041 5,069 5,467 5,976
1,978 1,914 1,917 1,949 2,019
47,806
46,004
50,849
57,556
61,019
78,619
78,383
83,418
9,627
11,749
10,895
12,930
14,607
4,633
15,948
5,078
12,176
14,894
6,938
17,711
5,837
13,050 14,741
15,942 17,423
7,326 8,073
18,608 19,812
6,265
14,354 15,900 16,529 16,870
17,397 18, 762 19,992 20,959
7,653 8,265 8,875 9,187
19,933 21,167 23, 024 24,056
6,212 6,682 7,211 7,547
16,478
20,615
9,157
24,378
7,755
19,647
17,971
20,135
21,912
23,016
23,435
24,233
24,763
26,075
27,859
29,543
4,106
4,042
5,338
813
916
1,909
2,523
3,846
3,392
5,196
674
689
1,697
2,477
4,227
3,897
5,672
782
814
1,978
2,765
4,660
4,127
6,245
794
942
2,067
3,077
4,823
4,338
6,576
740
828
2,187
3,524
5,079
4,200
6,948
757
892
2,125
3,434
5,202
4,525
6,974
766
916
2,253
3,597
5,483
4,307
7,451
848
857
2,191
3,626
5,778
4,580
7,844
881
914
2,274
3,804
6,135
5,077
8,053
905
1,068
2,615
4,006
31,769
12,269
5,624
15,521
4,701
1,700
66,314
65,549
22,477
23,078
1,449
983
549
9,891
1,614
5,552
1,534
1,035
598
10,497
1,674
6,029
1,583
1,102
619
11,074
1,701
1,644
1,137
627
11,456
1,752
6,462
78,206
83,741
88,282 90,022
70,776
75,631
532,147
25,532
13,796
21,367
1965
40,818 41,808 44,392 46,281
14,550 14,822 15,845 16,528
23,414 23,555 24,672 25,395
1,125 1,130 1,196
1,238
6,314 6,574 6,957 7,289
2,061 2,133 2,228 2,311
47,939
17,336
25,696
1,269
7,805
2,375
50,676 52,697
18,449 19,400
26,879 27,847
1,343
1,446
8,349 8,964
2,534 2,669
86,490
88,002
92,992
18, 203
22, 011 22, 729
9,776 10,225
25,776 26,718
8,373 8,615
18,131
22,976
10,496
27,517
8,882
30,235
31,871
32,924
35,002
36,374 37,885
41,609
5,202
8,467
1,030
1,094
2,715
4,441
6,798
5,319
8,945
950
980
2,760
4,483
7,241
5,475
9,149
1,087
1,217
2,990
4,712
7,584
5,743
9,418
964
1,226
3,048
4,941
7,874
6,005
9,892
1,371
1,407
3,276
5,177
8,318
6,352
10,402
1,292
1,349
3,342
5,319
10,988
1,294
1,314
3,506
5,565
9,495
7,381
11,961
1,486
1,518
3,836
5,932
54,082 56,417
60,401
62,650
65,966
70,551
75,282
81,250
88,217
7,339
2,957
4,792
5,521
7,142
3,298
6,489
9,746
4,876
2,632
5,399
2,459
7,776
3,002
5,123
5,879
7,609
3,464
6,757
10,253
5,014
2,820
5,568
2,701
8,984
3,095
5,427 5,733
6,258 6,644
8,178 8,632
3,752 3,948
7,293 7,905
11, 060 11,865
5,270 5,660
2,979 3,291
5,893 6,284
2,898 3,103
9,895
3,447
5,968
7,130
9,321
4,287
8,626
12,920
6,098
3,422
6,762
3,374
10,691
3,679
6,489
7,749
10,070
4,708
9,478
14,041
6,660
3,712
7,359
3, 581
17,482
55,946
20,501
29,770
1,542
9,734
2,804
59,350
21,950
31,816
1,706
10,604
2,974
97,626 104,442
114,109
19,320 20,787 22,626
24,154 25,144 26,736
11,148 11,813 12,556
28,992 30,228 32,136
9,378 9,654 10,388
25, 031
28,972
13,924
34,903
11,279
8,610
31,246
34,590
42,041
43,958
43,780
47,557
51,312
3,624
2,126
2,788
3,037
3,732
1,779
3,154
3,043
2,571
1,639
2,679
1,597
1,994
2,659
3,001
3,675
1,724
3,150
3,177
2,446
1,441
2,857
1,474
4,070
2,136
2,881
3,295
4,219
1,886
3,574
3,599
2,691
1,643
3,021
1,575
4,763
2,365
3,361
3,645
4,691
2,321
4,122
4,048
3,077
1,796
3,336
1,763
5,150
2,462
3,587
3,810
4,851
2,527
4,447
4,554
3,287
1,907
3,636
1,823
5,292
2,473
3,752
4,080
5,040
2,615
4,581
5,050
3,432
1,943
3,858
1,842
5,338
2,347
3,692
4,105
5,120
2,434
4,536
5,328
3,314
1,875
3,881
1,810
5,638
2,492
3,866
4,374
5,571
2,599
5,000
6,070
3,761
2,102
4,114
1,970
6,084
2,768
4,107
4,671
5,935
2,697
5,350
6,972
4,005
2,141
4,547
2,035
6,349
2,967
4,291
4,872
2,208
6,994
2,938
4,655
5,394
6,731
3,132
6,222
9,308
4,693
2,572
5,344
2,418
13,066
13,924
14,850
16,917
18,327
18,923
19,288
20,664
22,208
23,752
24,961
26,345
27,370
28,883
30,358
31,867
33,789
36,321
2,390
9,142
655
879
2,460
9,839
719
906
2,547
10,486
811
1,006
2,837
11,914
936
1,230
3,087
12,837
1,004
1,399
3,201
13,196
1,048
1,478
3,193
13,504
1,077
1,514
3,390
14,438
1,181
1,655
3,591
15,472
1,284
1,861
3,744
16,538
1,442
°,028
3,994
17,126
1,619
2,222
4,131
17,995
1,762
2,457
4,350
18,535
1,801
2,684
4,551
19,551
1,873
2,908
4,688
20,518
1,970
3,182
4,880
21,589
2,032
3,366
5,196
22,966
2,107
3,520
5,603
24,761
2,224
3,733
Rocky Mountain..
4,650
4,600
5,091
5,821
6,168
6,238
6,245
6,775
7,340
7,893
8,281
8,721
9,166
9,666
10,424
10,715
11,053
11,841
Montana..
Idaho.
Wyoming.
Colorad
)lorado_.
Utah
876
725
429
1,810
810
788
712
445
1,820
835
962
764
484
1,970
911
1,049
850
556
2,313
1,053
1,075
932
547
2,498
1,116
1,096
899
549
2,528
1,166
1,079
902
533
2,566
1,165
1,178
951
570
2,804
1,272
1,241
1,047
605
3,066
1,381
1,297
1,104
645
3,365
1,482
1,371
1,163
675
3,525
1,547
1,345
1,230
715
3,755
1,676
1,383
1,241
749
4,022
1,771
1,371
1,313
774
4,299
1,909
1,581
1,413
792
4,566
2,072
1,588
1,411
811
4,750
2,155
1,585
1,464
821
4,967
2,216
1,714
1,660
844
5,282
2,341
23,802
24,015
26,578
30,332 33,317
35,406
36,197
39,486
42,807
45,498
47,789
52,148
54,477
57,738
62,124
66,225
70,722
75,386
3,608
2,278
283
17,633
3,600
2,251
286
17,878
3,995
2,482
327
19,774
4,414
2,784
378
22,756
4,934
2,990
480
27,002
5,035 5,306 5,583
2,961 3,198 3,422
625
519
604
27,682 30,378 33,177
5,912
3,416
673
35,497
6,138
3,577
713
37,361
6,540 6,706
3,826 3,960
772
831
41, 010 42,980
7,079
4,067
914
45,678
7,635 7,764
4,313
4,578
1,125 1,268
49, 051 52,615
8,063
4,904
1,351
56,404
8,641
5,350
1,437
59,958
649
1,478
635
789
1,912
851
2,030
SoutheastVirginia
West Virginia. .
Kentucky
North Carolina.
South Carolina..
Georgia....
Florida
Alabama
Mississippi
Louisiana
Arkansas
__
Southwest.
Oklahoma
Texas
—
New Mexico .
Arizona
Far West.
Washington..
Oregon
Nevada
California. __.
Alaska..
Hawaii..
4,697
2,966
440
25,214
322
723
1. Total includes Alaska and Hawaii 1960-65 but not in earlier years.
511
896
605
972
1,041
2,810
5,531
7,730
4,261
2,172
5,028
2,091
537
1,114
2,858
4,430
5,026
6,286
2,900
5,778
8,457
4,440
2,352
528
1,182
1,325
666
1,680
704
1,776
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
13
earlier estimates had developed a small
but
cumulatively significant downward
As was pointed out in the April
Survey, the effects of the revisions were bias over the past decade. Relative
moderate. Substantial revisions in State trends in income from 1948 to
income level were made in only three 1964 shown by the revised series were
States, Kansas, Delaware, and Hawaii. quite similar to those derived from the
In Kansas and Delaware, the introduc- unrevised data.
tion of an adjustment for persons com- Unpublished data
Detail comparable to that published
muting to work was the major reason
for the large revisions. In Hawaii, the in tables 4-62a for the years 1963-65
is available for 1948-62 in the form of
computer printouts. Until this information can be made available in a publication, requests for a limited number
of printouts will be met. Inquiries
should be addressed to the Regional
Economics Division, Office of Business
Economics, U.S. Department of Commerce, 2400 M Street NW., Washington,
D.C. 20235.
August 1966
Effect of revisions
Table 2.—Per Capita Personal Income, by States and Regions, 1948-65
[Dollars]
State and region
1948
1949
1950
United States..
1,430
1,384
1,496
1,652
1,733
1,804
1,785
1,876
New England-
1,494
1,452
1,601
1,779
1,865
1,921
1,905
2,030
1,235
1,285
1,134
1,500
1,493
1,713
1,174
1,259
1,073
1,470
1,437
1,660
1,185
1,323
1,121
1,633
1,606
1,875
1,297
1,497
1,275
1,793
1,765
2,138
1,411
1,557
1,323
1,866
1,803
2,263
1,422
1,616
1,375
1,910
1,879
2,346
1,417
1,652
1,395
1,866
2,294
1,551
1,765
1,464
2,026
1,961
2,414
1,648
1,618
1,756
1,912
1,985
2,068
2,054
1,797
1,689
1,431
1,721
1,467
1,957
1,749
1,663
1,401
1,854
1,456
2,107
1,873
1,834
1,541
2,131
1,602
2,221
2,015
2,028
1,697
2,208
1,769
2,377
2,067
2,133
1,773
2,293
1,888
2,457
2,139
2,247
1,870
2,379
1,964
2,363
2,167
2,231
1,804
2,329
1,888
2,424
1,603
1,517
1,666
1,864
1,937
2,062
1,560
1,558
1,451
1,815
1,419
1,520
1,474
1,361
1,685
1,366
1, 700
1,620
1,512
1,825
1,477
1,874
1,848
1,694
2,015
1,697
1,962
1,927
1,766
2,078
1,756
2,161
2,028
1,930
2,186
1,787
Maine
New HampshireVermont
Massachusetts. __
Rhode Island
Connecticut
Mideast..
New York
New Jersey
Pennsylvania
Delaware
Maryland
District of Columbia..
Great Lakes
Michigan—
Ohio
Indiana
Illinois
Wisconsin.
Plains.
Minnesota
Iowa
Missouri.-----North Dakota.
South Dakota .
Nebraska
Kansas
Southwest..
1952
1953
1962
1963
1964
2,264
2,368
2,455
2,579
2,746
2,496
2,618
2,698
2,843
2,995
1,844
2,143
1,841
2,459
2,211
2,807
1,830
2,204
1,877
2,544
2,281
2,892
1,904
2,300
1,980
2,659
2,425
3,040
1,961
2,347
2,013
2,746
2,507
3,118
2,122
2,428
2,130
2,910
2, 652
3,234
2,277
2,547
2,312
3,050
2,823
3,401
2,494
2,565
2,612
2,728
2,806
2,948
3,108
2,661
2,634
2,196
2,712
2,269
2,928
2,746
2,708
2,242
2,757
2,343
3,017
2,795
2,765
2,257
2,759
2,464
3,065
2,901
2,371
2,882
2,573
3,249
2,978
2,965
2,441
3,013
2,675
3,370
3,127
3,069
2,588
3,121
2,828
3,527
3,278
3,237
2,747
3,392
3, 001
3,708
2,405
2,521
2,619
2,766
2,985
2,299
2,328L
2,222
2,720
2,221
2,438
2,427
2,359
2,826
2,330
2,587
2,509
2,471
2,915
2,374
2,772
2,641
2,599
3,050
2,534
3,010
2,829
2,846
3,280
2,724
1957
1958
1959
1960
1961
1,975
2,045
2,068
2,161
2,215
2,152
2,241
2,258
2,338
2,425
1,635
1,829
1,586
2,146
1,993
2,603
1,679
1,927
1,646
2,247
1,999
2,712
1,742
1,957
1,650
2,287
2,042
2,642
1,780
2,084
1,739
2,373
2,154
2,695
2,153
2,283
2,378
2,387
2,283
1,
2, 519
1,994
2,483
2,396
2,443
2,032
2,755
2,126
2,660
2,493
2,536
2,137
2,641
2,198
2,701
2,518
2,516
2,130
2,610
2,205
2,818
1,983
2,095
2,198
2,248
2,203
2,322
2,031
1,961
1,795
2,154
1,722
2,183
2,081
1,894
2,243
1,816
2,214
2,171
1,991
2,416
1,927
2,229
2,227
2,028
2,488
1,991
2,149
2,148
1,998
2,466
2,018
2,251
2,276
2,119
2,581
2,152
2,324
2,334
2,188
2,650
2,175
1954
1955
1956
1965
1,444
1,298
1,428
1,547
1,624
1,642
1,677
1,681
1,749
1,860
1,970
1,990
2,067
2,119
2,241
2,315
2,395
2,624
1,432
1,589
1,389
1,402
1,497
1,509
1,334
1,310
1,316
1,338
1,129
1,092
1,303
1,287
1,410
1,485
1,431
1,263
1,243
1,491
1,443
1,548
1,577
1,555
1,315
1,438
1,571
1,578
1,592
1,652
1,656
1,217
1,272
1,668
1,782
1,665
1,598
1,728
1,243
1,377
1,612
1,722
1,671
1,723
1,715
1,254
1,398
1,681
1, 762
1,729
1,608
1,802
1,379
1,293
1,595
1,732
1,783
1,694
1,884
1,437
1,364
1,628
1,795
1,874
1,869
1,922
1,479
1,604
1,876
1,883
1,990
1,921
2,023
1,700
1,668
1,963
2,073
2,020
1,949
2,101
1,537
1,469
1,976
2,075
2,116
1,986
2,115
1,715
1,782
2,110
2,161
2,193
2,082
2,166
1,504
1,772
2,114
2,251
2,254
2,177
2,269
2,156
2,001
2,247
2,343
2,372
2,303
2,358
2,003
1,908
2,277
2,440
2,392
2,458
1,991
1,877
2,383
2,488
2,666
2,676
2,663
2, 279
2,213
2,629
2,639
953
1,022
1,141
1,213
1,267
1,256
1,343
1,423
1,467
1,507
1,685
1,610
1,664
1,749
1,837
1,950
2,089
1,130
1,120
990
944
973
891
968
1,180
866
789
1,032
875
1,108
1,033
933
927
940
850
947
1,191
815
691
1, 085
799
1,228
1,065
981
994
1,037
893
1,034
1,281
880
755
1,120
825
1,387
1,192
1,143
1,081
1,139
1,071
1,167
1,358
1,006
830
1,205
927
1,470
1,258
1,228
1,137
1,181
1,160
1,241
1,443
1,071
886
1,279
1,488
1,282
1,292
1,229
1,223
1,199
1,288
1,526
1,124
923
1,346
1, 035
1,502
1,232
1,272
1,222
1,239
1,119
1,259
1,520
1,100
908
1,346
1,044
1,571
1,326
1,329
1,281
1,313
1,181
1,375
1,620
1,233
1,020
1,396
1,142
1,635
1,491
1,417
1,368
1,377
1,210
1,446
1,723
1,304
1,026
1,500
1,194
1,652
1,610
1,466
1,419
1,369
1,236
1,469
1,768
1,371
1,040
1,614
1,207
1,684
1,549
1,496
1,448
1,436
1,259
1,519
1,827
1,404
1,128
1, 613
1,279
1,770
1,584
1,552
1,532
1,510
1,334
1,609
1,465
1,203
1,666
1,377
1,841
1,594
1,574
1,543
1,561
1,377
1,639
1,950
1,488
1,205
1,655
1,372
1,898
1,634
1,668
1,620
1,626
1,429
1,678
1,970
1, 508
1,268
1,687
1,487
2,017
1,698
1,751
1,696
1,726
1,531
1,775
2, 051
1, 580
1,309
1,748
1,546
2,095
1,781
1,837
1,776
1,804
1,580
1,879
2,145
1,676
1,4S5
1,843
1,627
2,264
1,891
1,887
1,874
1,918
1,696
2,004
2,285
1,777
1,485
1,936
1,740
2,419
2,027
2,045
2,013
2,041
1,846
2,159
2,423
1.910
1,608
2,067
1, 845
1,899
1,922
1,978
2,023
2,095
2,191
2,324
2,111
2,208
2,090
2,272
2,289
2,338
2,193
2,370
Southeast.
Virginia
....
West Virginia-..
Kentucky
Tennessee
North CarolinaSouth Carolina...
Georgia
Florida
Alabama
Mississippi
Louisiana
Arkansas
1951
1,187
1,256
1,297
1,431
1,513
1,555
1,570
1,629
1,713
1,783
1,836
Oklahoma
Texas
New Mexico..
Arizona
1,144
1,199
1,084
1,274
1,169
1,291
1,116
1,269
1,143
1,349
1,177
1,331
1,284
1,469
1,305
1,567
1,391
1,544
1,366
1,662
1,467
1,583
1,386
1,653
1,445
1,611
1,412
1,623
1,507
1,667
1,504
1,677
1,580
1, 752
1,593
1,767
1,641
1,823
1,702
1,803
1, 762
1,851
1,827
1,863
1,805
1,913
1,917
1, 948
1,861
1,925
1,890
2,032
1,910
1,984
1,951
2,070
1,925
2,026
2,014
2,171
1,992
2,105
2,053
2,220
Rocky Mountain..
1,419
1,360
1,457
1,659
1,727
1,699
1,661
1,742
1,821
1,919
2,001
2,064
2,108
2,154
2,284
2,324
2,379
2,536
Montana. .
Idaho
Wyoming..
Colorado...
Utah
1,616
1,316
1,595
1,433
1,240
1,385
1,249
1,606
1,405
1,244
1,622
1,295
1,669
1,487
1,309
1,760
1,443
1,911
1,744
1,492
1,786
1,588
1,867
1,830
1, 541
1,779
1,508
1,893
1,767
1,578
1,729
1,503
1,819
1,719
1,553
1,852
1,539
1,857
1,814
1,625
1,892
1,667
1,939
1,887
1,707
1,944
1,720
2,054
2,022
1,794
2,059
1,800
2,143
2,115
1,831
2,010
1,872
2,234
2,196
1,926
2,037
1,849
2,263
2,275
1,968
1,973
1,914
2,304
2,343
2,040
2,272
2,033
2,386
2,425
2,163
2,265
2,048
2,421
2,483
2,215
2,255
2,131
2,429
2,559
2,268
2,438
2,395
2,558
2,710
2,355
Far West.
1,715
1,689
1,801
1,985
2,103
2,144
2,117
2,239
2,335
2,400
2,433
2,567
2,622
2,693
2,811
2,910
3,038
3,174
Washington..
Oregon
Nevada
California
1,600
1,621
1,814
1,752
1, 569
1,573
1,822
1,730
1,674
1,620
2,019
1,852
1,821
1,789
2,250
2,044
1,919
1,875
2,431
2,167
2,001
1,868
2,462
2,204
2,001
1,821
2,437
2,172
2,038
1,928
2,549
2,313
2,093
2,015
2, 500
2,419
2,170
1,995
2,588
2,489
2,213
2,082
2,651
2,511
2,318
2,191
2,767
2,651
2,349
2,235
2,856
2,710
2,455
2,275
2,929
2,776
2,593
2,374
3,242
2,622
2,472
3,243
2,997
2,714
2,600
3,232
3,133
2, 906
2,761
3,311
3,258
Alaska..
Hawaii..
1,4.07
2,885
1,387
1,580
2,614
1,747
1,796
2,802
1,802
2,275
1,837
2,325
1,944
2,357
1,987
2,509
2,112
2,846
2,369
2,714
2,485
2,775
2,538
2,862
2,647
3,082
2,775
3,187
2,879
1. Total includes Alaska and Hawaii 1960^65 but not in earlier years.
Source: U.S. Department of Commerce, Office of Business Economics.
Tables 4-27.—Personal Income
[Millions of dollars]
Table 4 —United States
1963
1964
1965
1963
1964
Personal income
463,053
493,408
532,147
29,461
31,269
Wage and salary disbursements
308,638
2,776
3,956
839
1,894
1,223
17,802
100,606
61,634
38,972
51,416
14, 731
3,744
10,987
331,048
2,656
4,115
873
1,954
1,288
19,446
107,166
65,970
41,196
55,132
15,816
4,012
11,804
355,429
2,699
4,314
915
2,001
1,398
21,105
115,509
71, 931
43,578
59,166
16, 777
4,273
12, 504
20,188
97
23
21,362
87
25
(i)
(i)
23
1,043
7,934
4,907
3,027
3,227
1,064
266
798
25
1,177
8,262
5,103
3,160
3,426
1,133
281
852
24,575
5,207
5,298
4,912
9,158
35,150
1,822
6,999
26,022
5,305
5,704
5,239
9,774
38,305
1,955
7,318
27,545
5,466
6,215
5,536
10,328
41,357
2,096
7,621
1,213
145
288
204
576
2,424
101
407
6,791
2,280
17,258
56,990
15,955
8,901
32,134
636
7,608
2,431
18,993
61, 726
16,994
9,666
35,066
664
8,453
2,622
20,565
66, 248
18,040
9,743
38,465
709
464
101
1,352
3,108
783
474
1,851
55
1
2
3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Table 5.—New England
Table 6.—Maine
Table 7.—New
Hampshire
Item
Line
Farms
Mining
_
._
Coalmining
Crude petroleum and natural gas
Mining and quarrying, except fuelContract construction
Manufacturing
Durables
_
_•
Nondurables
Wholesale and retail trade
Finance, insurance, and real estate —
Banking
Other finance, insurance, and real estate
Transportation, communications, and public
utilities
Railroads _
__ _ _
Highway freight and warehousing
Other transportation
Communications and public utilities
Services
_ __ _
Hotels and other lodging places
__ __
Personal services and private households
Business, auto repair, and other repair services _ _
Amusement and recreation __
Professional, social, and related services____
Government
_ _
Federal, civilian
Federal, military
State and local
Other industries
___
_
____
(i)
Table 8.—Vermont
1963
1964
1965
1963
1964
1965
33,383
1,932
2,088
2,245
1,516
1,600
1,714
799
850
934
22,708
83
26
1,279
24
1
1,352
21
1
1,428
18
2
1,037
8
2
1,104
8
2
1,175
5
2
503
11
6
532
9
6
591
8
6
26
1,254
8,854
5,553
3,301
3,609
1,182
297
886
1
59
455
124
330
200
44
14
30
1
67
483
133
350
209
47
15
32
2
88
514
141
372
222
49
15
34
2
53
416
191
225
148
42
11
31
2
56
439
205
234
159
46
12
34
2
63
475
226
250
172
47
13
34
6
28
166
113
54
74
20
7
13
6
32
172
116
56
80
21
7
14
6
38
203
143
60
85
22
8
14
1,284
142
314
214
613
2,603
105
419
1,353
145
340
223
646
2,792
112
430
90
25
19
7
39
118
11
27
93
24
20
9
39
126
11
28
95
25
22
8
40
129
12
28
57
5
15
5
32
115
10
21
60
5
16
5
34
124
11
22
63
5
18
5
35
131
11
23
36
8
9
3
16
77
8
15
38
8
10
3
17
84
8
16
40
8
11
4
18
90
9
16
503
109
1,467
3,308
815
497
1,996
57
546
114
1,589
3,497
834
510
2,153
58
12
4
64
283
72
76
135
5
12
4
70
300
77
78
145
5
13
4
71
306
76
76
154
5
14
6
64
195
61
43
90
2
15
8
•70
208
63
46
98
2
15
8
74
214
62
43
109
2
6
4
44
84
22
5
58
1
6
5
49
88
23
4
62
1
6
6
53
97
23
4
70
1
1965
1963
1964
1965
32
Other labor income
14,85«
16,605
18,531
1,018
1,120
1,246
59
66
73
52
58
64
26
29
34
33
34
35
Proprietors'income.
Farm__
Nonfarm
51,013
13,103
37,910
51, 903
12,019
39,884
55,745
15,091
40,654
2,300
136
2,165
2,498
180
2,318
2,612
242
2,370
190
37
153
238
73
165
276
108
169
118
2
116
125
2
123
133
8
125
102
26
76
106
29
78
111
32
79
36
Property income
65,020
69,599
75,920
4,411
4,699
5,134
257
286
313
223
227
248
108
120
132
125
129
137
81
84
89
39
42
44
20
22
23
_
37
Transfer payments
35,318
36,763
39,702
2,297
2,384
2,523
195
200
210
38
Less: Personal contributions for social insurance-
11,791
12,510
13,178
753
793
840
49
53
56
Table 17.—Maryland
Table 16.—Delaware
Item
Line
Personal income
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
32
33
34
35
Wage and salary disbursements
Farms
Mining
Coal mining
Crude petroleum and natural gas
M^ininc and ouarrvinc exceDt fuel
Contract construction
_ -
Manufacturing
Durables
Nondurables
.
Wholesale and retail trade
Finance, insurance, and real estate
Banking
Other finance, insurance, and real estate
Transportation, communications, and public
utilities
Railroads
___
_
Highway freight and warehousing
Other transportation
nT1
C!nTn"mnTiica.ti s and public utilities
Services
Hotels and other lodging places
Personal services and private households
Business, auto repair, and other repair
services
Amusement and recreation
Professional, social, and related services
Government
Federal, civilian
Federal, military
State and local
Other industries
Other labor income
Table 18.—District of
Columbia
1965
1963
1964
1965
1963
1964
1965
1,542
1,706
8,964
9,734
10,604
2,669
2,804
2,974
980
6
1,081
6
1
6,536
27
15
1
7,119
25
16
1
7,762
24
18
1
1,824
1,904
1,997
(0
(0
0)
0)
1963
1964
1,446
911
7
Table 19.—Great Lakes
1964
1965
Table 20.—Michigan
1963
1964
1965
97,626 104,442 114,109
20,787
22,626
25,031
72,219
264
473
148
105
220
3,798
31,760
23,290
8,470
11,337
2,839
692
2,147
78,661
243
496
157
101
238
4,328
34,748
25,764
8,984
12,422
3,017
740
2,277
14,538
57
83
15,882
54
88
17,756
49
95
10
72
625
7,134
5,848
1,286
2,014
441
127
314
10
79
731
7,864
6,500
1,364
2,190
476
137
339
9
86
912
8,775
7,316
1,459
2,506
520
150
370
1963
15
470
1,631
966
664
1,096
315
60
254
16
515
1,736
1,030
706
1,194
342
65
278
70
485
116
369
134
37
13
24
13
421
1,570
948
622
1,000
286
56
230
65
9
56
196
65
12
53
74
66
8
58
204
69
12
57
72
68
8
60
209
73
14
59
66,988
301
456
147
101
208
3,382
29,433
21,401
8,031
10,608
2,659
650
2,008
56
15
14
6
21
96
3
22
61
15
16
7
23
106
3
24
504
112
93
113
187
750
29
146
539
115
100
120
204
840
32
156
571
. 120
111
121
220
926
34
166
99
16
6
27
50
337
18
68
104
16
6
28
54
359
18
70
105
15
6
27
57
382
20
69
4,950
1,248
1,357
531
1,814
6,357
270
1,160
5,219
1,269
1,461
564
1,925
6,898
285
1,225
5.575
1,323
1,609
607
2,036
7,496
306
1,303
861
144
251
74
393
1,317
41
250
911
147
274
78
412
1,455
44
271
994
159
308
83
444
1,600
50
297
16
5
44
144
26
37
81
2
18
5
48
160
28
44
89
2
19
6
55
168
30
38
100
2
177
41
358
1,954
1,060
290
604
9
201
43
408
2,176
1,175
329
672
12
232
47
446
2,423
1,325
344
754
13
42
7
202
976
766
104
106
16
46
7
218
1,009
779
116
115
17
51
8
234
1,070
827
120
123
18
1,173
316
3,437
8,756
1,877
571
6,307
88
1,295
337
3,756
9,491
2,045
610
6,836
89
1,430
358
4,100
10,240
2,146
610
7,483
98
251
63
712
1,991
300
121
1,570
17
280
70
791
2,094
318
126
1,650
18
310
76
868
2,285
338
121
1,827
20
48
54
62
269
300
334
51
55
60
3,614
4,083
4,619
814
937
1,080
(l)
(i)
C1)
0)
0)
0)
63
409
88
321
114
31
11
20
0)
0)
67
437
101
336
123
33
12
22
52
14
13
6
20
89
3
21
81
(i)
(i)
(i)
(0
0)
Proprietors' income
Farm
Nonfarm
116
30
86
113
27
86
127
39
88
741
70
671
783
76
708
826
103
722
132
134
137
132
134
137
9,673
2,180
7,493
9,869
1,862
8,007
10,893
2,735
8,158
1,835
269
1,566
2,009
266
1,743
2,025
250
1,775
36
Property income
323
341
376
1,123
1,220
1,329
435
467
517
13,082
13,989
15,289
2,683
2,878
3,169
37
Transfer payments
77
83
90
559
597
652
311
330
351
6,729
6,880
7,370
1,404
1,438
1,542
38
Less: Personal contributions for social insurance
28
29
30
264
286
299
85
86
88
2,461
2,599
2,723
488
518
541
14
by Major Sources, 1963-65
[Millions of dollars]
Table 9.—Massachusetts Table 10.—Rhode Island Table 11.—Connecticut
Table 12-Mideast
Table 13.—New York
T a b l e 14.—New Jersey T a b l e 15.—Pennsylvania
Line
1963
1965
1964
1965
1963
1964
1965
1963
1964
1965
14,547
15,383
16,349
2,199
2,344
2,515
8,468
9,004
9,626 113,023 120,297 128,400
10,054
27
8
10,561
11,178
23
9
1,514
4
1
1,618
4
1
1,736
4
1
5,801
6,196
6,600
77,199
24
6
22
6
24
7
8
499
3,613
2,054
1,558
1,729
554
147
407
635
9
572
9
593
3,951
2,269
1,682
1,914
616
162
454
714
1
76
567
322
245
239
69
16
53
87
1
89
596
343
253
252
74
18
57
92
1
94
649
381
268
267
79
19
59
96
0) 6
C1) 6
230
380
208
32
141
7
25
12
43
151
5
30
7
48
195
56
175
149
334
1,550
52
201
27
12
45
166
5
31
7
29
13
47
178
5
32
43
71
40
155
613
20
122
43
79
43
164
669
22
129
44
85
44
172
712
22
130
1,077
1,201
1,789
2,406
9,807
24
10
96
340
91
101
148
4
27
10
104
365
97
112
156
4
114
28
329
620
105
63
452
12
127
30
362
681
112
66
504
13
134
31
395
739
120
64
556
14,
2,299
1963
56
149
138
292
1,351
47
191
22
9
3, 725
2,106
1,619
1,817
587
155
432
673
55
161
142
314
1,434
(!)
6
328
2,718
2,103
615
838
335
70
264
308
361
377
2,848
2,200
3,062
2,394
648
908
358
75
282
329
669
949
370
80
290
345
4,073
26,245
14,861
11,384
12,670
4,512
1,140
3,372
6,474
486
1,698
297
50
766
1,608
438
190
980
32
320
52
820
350
55
892
1,690
1,775
1,040
1,108
32
22
9
85
317
84
97
136
4
497
545
603
74
82
92
310
342
381
3,774
1,055
34
1,021
1,145
1,177
41
48
1,130
164
2
162
168
3
165
678
35
643
720
33
687
746
44
702
9,612
1,104
157
2
156
2,115
2,278
2,491
316
341
372
1,393
1,448
1,202
1,246
1,317
201
208
220
492
516
376
391
417
63
68
72
206
217
448
201
32
456
211
Table 22.—Indiana
Table 2 1 . - O h i o
1964
1963
1964
1965
1963
1964
1965
1963
1964
52,697
55,946
59,350
19,400
20,501
21,950
27,847
29,770
31,816
1
82,221
211
401
220
35
146
4,349
27, 584
15,668
11,915
13, 488
4, 795
1,209
3,586
6,853
87,378
35,304
37,428
13,787
14,627
15,622
18,837
20,163
21,567
202
413
222
36
154
89
64
1
11
52
81
70
1
16
53
1,893
11,039
5,855
5,184
6,717
2,872
45
33
3
1
29
874
62
269
203
20
46
893
54
281
215
18
48
971
51
285
217
18
51
1,832
10,622
5,621
5,000
6,330
2,720
45
32
4
1
28
795
46
34
3
1
4,549
29,376
16,874
12,502
14,302
5,038
1,278
3,760
7,169
5, 578
3,076
2,502
2,213
5,814
3,161
2,653
2,374
8,002
5,119
2,883
2,817
8,596
5,576
3,020
2,975
1,093
9,217
6,046
3,171
3,174
2,023
3,101
2,134
3,295
39,348
75
75
1
17
57
1,859
11,633
6,251
5,382
7,056
3,000
774
2,225
3,425
1,146
1,206
1,571
1, 652
1,728
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
1,100
1,297
1,892
2,564
10,681
514
1,746
1,138
1,398
1,957
2,676
11,413
366
429
368
460
1,162
1,145
5,078
1,242
1,225
5,568
373
491
1,282
1,278
5,914
313
146
314
278
408
146
338
293
429
424
347
203
597
440
378
203
631
463
406
210
649
1,582
1", 712
1,970
2,105
2,265
2,574
683
5,163
13,723
4,546
1,131
8,046
138
2,783
527
1,788
697
294
840
1,259
738
312
859
1,421
877
1,540
640
148
492
60
274
686
158
528
65
284
22
25
888
993
1,116
1,243
32
1,549
1,563
2,429
221
2,208
2,580
2,664
223
264
1,507
1,608
70
1,538
2,358
2,400
33
34
35
2,578
2,720
2,972
3,858
4,205
4,585
36
1,272
1,326
1,418
2,456
2,470
2,580
37
506
531
558
726
765
824
38
544
86
734
1,734
421
212
1,860
276
3,968
4,330
4,724
1,101
66
23
1,182
4,168
4,612
1,694
1,847
2,024
10,339
4,644
4,816
4,976
793
269
255
317
68
56
8,954
9,990
636
9,354
9,546
4,375
4,561
4,660
1,481
1,579
16,791
18,121
19,820
8,474
9,168
10,041
550
8,549
8,850
9,476
3,874
4,044
4,386
228
2,902
3,054
3,225
1,293
1,358
1,426
T a b l e 23.—Illinois
658
Table 24.—Wisconsin
58
61
452
226
Table 26.—Minnesota
Table 25.—Plains
89
362
17
18
19
20
21
22
23
796
492
83
674
150
84
354
863
244
620
719
467
2,717
6,245
1,246
130
82
350
820
229
591
23
457
2,520
5,831
1,223
278
152
368
310
450
1,820
68
290
771
217
554
313
84
1,142
2,458
823
136
1,499
22
426
2,260
5,410
1,176
266
30
928
6,238
3,424
2,814
2,535
723
168
554
1,280
559
89
813
1,994
483
221
1,289
26
709
5,606
14,765
4,831
1,136
8,798
646
4,679
12,676
4,272
1,045
7,358
1965
346
85
382
92
1,236
2,686
1,340
2,865
889
138
921
137
1,658
1,808
24
25
26
27
28
29
30
31
Table 27.—Iowa
Line
1965
1963
1964
1965
26,736
28,972
11,813
12,556
13,924
30,228
18,676
20,221
8,108
8,758
9,583
20,595
61
125
59
28
37
872
51
131
59
34
38
939
46
136
61
32
43
45
59
24
10
25
395
37
58
22
10
26
499
35
57
22
9
25
559
86
174
64
52
57
8,017
5,767
2,250
2,665
8,552
6,184
2,368
2,866
3,866
2,939
4,137
3,163
1,204
1,287
4,560
3,533
1,027
1,396
1963
1964
25,144
17,432
620
149
471
663
158
505
1,075
9,323
6,803
2,521
3,079
703
165
538
1,284
1,346
1,421
336
371
122
455
343
395
128
480
356
435
128
502
1,562
1,686
1,827
58
304
60
320
276
87
837
926
298
74
224
974
322
79
244
341
86
256
65
338
583
165
169
41
209
611
27
133
612
168
181
42
221
665
28
141
665
180
200
46
239
718
30
151
308
90
908
337
96
990
80
28
343
87
29
380
96
30
410
2,199
2,416
2,584
1,039
1,131
1,244
1,479
1,590
1,719
589
131
27
684
142
26
722
143
28
220
59
760
8
228
62
841
8
242
61
941
9
1965
1963
1964
1965
1963
32,136
34,903
9,654
10,388
11,279
36,374
22,105
23,763
6,315
7,338
21,586
74
179
67
51
61
68
190
73
51
66
52
16
6,799
48
17
46
18
302
260
10
83
166
274
270
10
84
176
264
288
11
82
195
1,143
7,635
4,990
2,645
3,743
1,064
1,246
8,238
5,456
2,782
3,993
1,123
1,361
8,901
5,954
2,947
4,291
1,184
1,398
5,873
3,156
2,717
4,166
1,059
1,453
6,292
3,415
2,877
4,397
1,130
1,600
6,713
3,719
2,994
4,692
1,193
1,791
1,901
2,015
2,105
2,185
2,300
519
445
248
579
526
481
268
626
537
526
296
657
676
448
270
712
681
471
287
746
697
516
308
779
2,290
2,457
2,658
2,400
2,589
2,776
118
371
124
386
128
405
112
443
118
464
124
482
1963
240
824
1964
254
869
269
915
492
112
537
119
594
125
1,198
2,644
1,289
2,868
1,406
3,066
1,789
1,957
2,126
635
220
25
672
240
26
692
248
29
(i)
16
346
17
382
18
421
2,781
1,857
2,969
1,986
3,188
2,159
1,030
1,150
924
982
237
61
176
982
1,052
255
65
190
270
70
200
430
84
121
46
179
576
26
102
448
85
129
48
186
635
28
107
480
91
140
54
194
693
32
112
74
27
347
883
133
40
710
11
82
29
388
982
143
41
798
11
92
30
426
1,060
152
37
871
12
303
756
1964
1965
1963
1964
1965
37,885
41,609
8,318
8,610
9,495
6,352
6,608
7,381
1
22,944
24,455
5,256
5,582
48
96
6,024
46
106
3,598
3,868
68
18
1
1
91
348
1
95
371
2
104
422
3,387
76
17
1
1,461
1,555
700
532
735
185
58
127
2
3
4
5
6
7
8
9
10
11
12
13
14
15
323
806
342
851
330
103
360
109
393
116
1,412
3,977
1,538
4,304
1,015
1,661
4,576
1,066
2,494
2,717
49
2,960
966
517
47
572
550
53
52
93
(l)
(l)
756
705
805
750
1,048
1,112
272
75
197
288
79
209
1963
1964
1965
16
195
16
207
66
20
1
1
18
227
1,694
1,083
1,143
302
84
218
582
481
645
163
51
112
632
510
681
174
54
120
1,232
901
792
(l)
1,189
(i)
(i)
477
150
90
83
154
643
31
101
502
155
96
89
163
689
33
106
534
160
108
94
172
748
34
112
285
88
64
17
117
347
14
70
296
89
69
18
120
374
15
73
309
88
76
19
126
403
16
76
16
17
18
19
20
21
22
23
90
26
395
852
168
36
648
10
98
26
427
911
176
38
696
11
109
29
464
972
184
36
41
14
208
585
125
18
442
10
45
15
226
627
132
18
477
11
51
15
245
678
139
17
523
12
24
25
26
27
28
29
30
31
751
11
998
1,120
1,259
440
495
564
1,028
1,156
1,296
333
375
420
989
1,107
1,227
246
274
308
158
176
197
32
2,163
2,266
2,411
1,382
1,559
3,106
6,023
2,613
3,410
7,431
3,960
3,471
1,079
1,336
1,530
1,454
502
891
6,494
3,213
3,281
1,236
346
841
1,260
384
875
1,393
2,351
3,505
1,003
2,502
1,187
577
982
3,060
605
2,456
556
680
357
722
600
736
861
669
757
696
1,816
1,107
323
297
403
1,839
1,969
2,008
486
896
1,274
310
964
709
33
34
35
3,373
3,514
3,833
1,374
1,510
1,649
4,316
4,625
5,044
1,335
1,462
1,594
5,309
5,775
6,268
1,135
1,218
1,326
932
1,031
1,119
36
1,843
1,873
1,993
790
816
880
1,967
2,003
2,149
725
750
807
2,856
2,952
3,182
652
677
726
488
503
542
37
665
712
744
281
297
311
785
815
854
242
258
272
861
915
953
207
219
226
142
154
161
38
755
15
Tables 28-51.—Personal Income by
[Millions of dollars]
Table 28.—Missouri
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 29.—North Dakota Table 30.—South Dakota
Table 31.—Nebraska
Table 32.—Kansas
Item
Line
Personal
income
Wage and salary disbursements
Farms
Mining
Coal mining
;
Crude petroleum and natural gas
Mining and quarrying, except fuel
Contract construction
Manufacturing
Durables _ .
_.
Nondurables
__
Wholesale and retail trade
Finance, insurance, and real estate
Banking
Otherfinance,insurance, and real estate
Transportation communications, and public
utilities
...
Railroads
Highway freight and warehousing
Other transportation
Communications and public utilities
Services
Hotels and other lodging places
Personal services and private households
Business, auto repair, and other repair services
Amusement and recreation- _
Professional, social, and related services
Government..
_
Federal, civilian
Federal, military-_ _ _ __
State and local
_ __ _ _
Other industries
32
Other labor i n c o m e
33
34
35
P r o p r i e t o r s ' i n c o m e __
__ _ _ _ _
36
Property income
37
Transfer payments _
38
Less: Personal contributions for social insurance _
Farm
Nonfarm
___
1964
1965
1963
1964
1965
1963
1964
1965
1963
1964
1965
10,402
10,988
11,961
1,292
1,294
1,486
1,349
1,314
1,518
3,342
3,506
3,836
5,319
5,565
5,932
6,595
51
37
7,040
47
42
7,549
45
48
637
24
9
732
24
11
687
17
14
1,848
40
11
1,947
36
10
2,027
33
10
3,190
38
79
3,398
38
79
3,543
35
78
2
2
2
674
20
14
712
15
14
5
692
22
10
1
31
402
2,071
1,155
916
1,263
326
82
244
1
36
428
2,221
1,258
964
1,336
349
88
261
1
42
479
2,364
1,353
1,011
1,423
371
92
278
7
1
59
35
15
20
146
26
10
16
8
1
78
35
13
22
153
27
11
16
9
1
74
40
17
23
162
29
11
18
5
5
127
372
147
225
375
119
31
88
4
6
135
384
162
222
396
124
32
92
69
8
204
824
490
334
560
132
43
89
68
9
197
894
543
351
593
141
46
95
66
9
218
926
566
360
633
150
49
101
670
165
168
118
220
732
35
141
694
158
176
129
231
792
38
147
740
168
192
143
238
843
38
152
66
29
9
3
25
78
4
13
69
29
9
3
27
84
5
14
70
28
11
4
28
91
5
15
212
95
38
16
63
228
10
41
220
98
40
16
66
243
11
42
347
142
66
28
111
309
13
63
359
145
70
28
116
330
14
66
369
144
76
28
120
353
15
68
5
121
___
5
132
34
37
401
1,034
326
132
575
8
438
1,122
347
141
635
9
140
40
472
1,227
374
146
706
10
4
5
6
14
59
72
20
52
143
28
13
15
46
73
18
56
147
30
14
16
14
45
73
19
54
154
32
15
17
6
6
130
348
138
209
360
111
29
82
53
10
14
3
25
85
4
16
54
11
14
4
26
92
4
16
57
11
15
4
28
96
4
16
207
93
38
16
60
208
10
39
0)
6
0)
7
7
28
2
2
2
4
4
4
8
54
192
42
46
104
2
59
213
46
52
116
2
63
229
48
58
122
2
55
197
59
31
107
3
61
210
59
35
116
3
65
221
62
35
125
3
122
429
102
92
235
6
32
8
137
461
106
101
254
6
1963
33
9
148
476
107
93
276
6
1964
2
40
15
177
689
144
163
382
7
1965
2
42
16
192
759
149
187
423
8
2
47
16
206
774
152
164
457
8
316
359
400
23
25
27
25
27
29
75
84
91
146
162
176
1,375
480
1,322
400
1,544
604
378
268
307
192
431
316
373
250
304
170
457
321
686
357
136
711
382
329
329
861
527
334
891
417
473
871
379
985
485
1,495
1,639
1,789
185
198
215
197
211
228
543
621
670
823
857
921
871
896
960
97
102
112
111
116
126
242
250
270
395
409
444
250
268
281
29
31
32
30
31
32
77
81
84
126
132
137
895
922
940
1963
1964
111
115
116
1965
123
134
Table 42.-Alabama
Table 41.—Florida
Table 40.—Georgia
Item
Line
1963
1963
1964
1965
1963
1965
1963
500
Table 44.—Louisiana
Table <•
13.—Mississippi
1964
492
1964
1965
1963
1964
1965
1
Personal income
7,905
8,626
9,478
11,865
12,920
14,041
5,660
6,098
6,660
3,291
3,422
3,712
6,284
6,762
7,359
2
3
Wage and salary disbursements
5,433
59
6,010
59
28
6,601
54
7,198
115
7,959
125
8,711
137
4,124
33
2,006
56
2,223
57
3,995
46
4,353
44
4,795
42
0)
0)
(|)
5
40
554
1,191
6
46
646
1,297
7
50
757
1,416
32
2
14
231
1,279
4,515
29
49
33
2
14
261
1,449
1,877
60
(0
0)
3,769
36
44
29
2
13
180
1,169
34
4
106
34
4
113
32
4
142
275
20
272
300
20
333
327
23
415
655
536
721
576
795
621
688
592
597
158
793
656
642
170
510
232
278
278
69
565
291
274
300
74
949
413
536
830
202
41
129
24
50
804
314
490
690
170
880
369
511
746
184
22
48
644
348
296
327
79
43
127
46
138
50
152
302
134
142
150
439
474
503
68
67
41
126
509
15
34
26
12
62
212
11
35
27
13
67
222
11
36
28
15
71
253
12
67
56
173
142
445
20
68
62
191
153
488
22
64
69
207
163
537
24
149
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
32
Farms
Mining
__
_ __ _ _
Coal mining
Crude petroleum and natural gas
Mining and quarrying, except fuel-Contract construction
Manufacturing
Durables
_
__ _
Nondurables
Wholesale and retail trade
Finance, insurance, and real estate
Banking
__
__ _
Otherfinance,insurance, and real estate
Transportation, communications, and public
utilities _
Railroads
Highway freight and warehousing
Other transportation
Communications and public utilities
Services
Hotels and other lodging places
_
Personal services and private households
Business, auto repair, and other repair services
______
_
__
Amusement and recreation
__.
Professional, social, and related services
Government
____ _ _
Federal, civilian
Federal, military
State and local
___
___
Other industries
O t h e r l a b o r i n c o m e ___
33
34
35
Proprietors' income-
36
Property income
Farm
Nonfarm
___
_
___
_
_
___
_
37
Transfer payments
38
Less: Personal contributions for social insurance
16
_
26
29
25
258
1,576
27
291
1,750
348
1,962
577
999
960
262
644
747
45
52
57
48
38
38
36
295
321
350
1,106
1,063
1,216
1,173
1,461
1,612
1,774
289
429
464
500
606
94
368
667
498
71
242
546
85
344
462
60
202
65
224
313
635
534
547
146
715
272
37
121
287
107
104
97
156
534
22
104
114
107
175
587
25
108
126
121
190
648
28
86
85
214
222
91
91
240
245
94
96
262
262
118
131
143
69
55
40
108
401
12
69
59
42
116
451
13
230
286
300
311
135
142
148
94
96
98
139
143
83
93
104
154
177
208
65
76
112
20
23
45
81
5
69
20
93
526
128
197
821
221
870
247
952
160
152
510
13
169
156
545
13
176
164
612
14
205
218
1,109
1,224
74
103
395
1,334
84
34
112
10
10
11
4
5
26
53
20
96
21
22
25
203
1,265
229
1,413
261
1,499
481
1,652
542
1,837
588
1,984
178
965
208
1,030
224
1,093
83
460
87
486
386
392
487
29
413
451
549
31
443
439
617
29
356
423
873
35
394
471
972
37
1,084
431
470
39
434
136
394
10
454
151
426
10
470
160
464
11
112
111
238
10
119
104
264
10
239
277
318
291
331
373
176
202
230
89
101
115
191
219
245
784
256
528
786
226
559
789
220
569
21
69
989
383
606
1,002
1,085
1,356
1,422
1,410
334
669
405
680
348
381
348
1,008
1,040
869
952
1,044
2,130
2,283
579
608
666
1,167
204
224
237
277
111
287
10
1,063
712
290
422
719
273
446
760
306
454
714
436
277
674
390
284
671
383
288
2,506
627
668
732
368
391
429
904
987
1,072
1,228
1,359
526
543
586
311
324
352
555
576
625
303
320
150
158
164
68
73
78
145
158
167
Major Sources, 1963-65—-Continued
Table 33.—Southeast
Table 34.—Virginia
[Millions of dollars]
Table 35.—West Virginia Table 36.—Kentucky
Table 37.—Terinessee
Table 38. T North
Table 39.—South
rarnlina
Line
1963
1964
1965
1963
1964
1965
1963
75,282
81,250
1964
1965
1963
1964
1965
1963
1964
1965
1963
1964
1965
1963
1964
1965
88,217
8,984
9,895
10,691
3,233
3,447
3,679
5,733
5,968
6,489
6,644
7,130
7,749
8,632
9,321
10,070
3,948
4,287
4,708
1
49,165 53,639 58,563
692
652
643
1,134
1,001
1,061
447
496
467
418
389
363
221
205
191
2,866 3,224 3,781
13, 653 14, 963 16, 492
5,667 6,326 7,114
7,986 8,637 9,378
7,926 8,647 9,470
2,084 2,265 2,447
502
547
595
1,582 1,718
1,852
6,550
56
69
53
2,315
8
287
264
16
8
111
769
462
306
301
63
19
44
2,466
8
311
286
17
8
129
804
508
296
321
66
20
46
3,560
47
139
108
17
14
234
1,063
594
469
542
124
36
89
3,779
43
141
110
18
14
227
1,156
658
497
584
136
38
98
4,061
40
146
113
18
15
254
1,260
727
533
637
146
42
104
5,182
33
35
8
5,713
98
13
6,223
90
13
6,844
87
15
2,743
37
7
2,987
33
7
3,306
32
8
(i)
(i)
(i)
16
458
1,546
661
886
1,018
278
70
208
2,172
9
271
248
16
7
97
728
425
303
283
59
18
41
4,764
38
32
8
15
418
1,408
590
818
931
256
64
191
7,816
49
74
55
1
18
506
1,673
710
963
1,112
304
75
229
4,375
44
30
8
(l)
7,222
51
70
53
1
22
224
1,529
586
943
723
187
45
142
24
247
1,682
654
1,029
784
203
49
154
27
278
1,845
732
1,113
854
217
53
164
13
271
2,129
622
1,507
873
224
56
168
13
301
2, 335
695
1,640
952
245
60
185
15
363
2,597
786
1,811
1,051
264
65
199
7
133
1,071
197
874
346
91
20
71
7
144
1,186
227
959
374
98
22
76
8
182
1,322
272
1,051
411
108
24
84
2
3
4
5
6
•7
8
9
10
11
12
13
14
15
4,506
985
989
923
1,609
6,400
373
1,814
500
146
93
100
161
664
33
174
534
152
102
106
175
738
42
185
567
154
113
112
187
812
48
197
231
81
34
15
100
174
10
38
238
83
38
15
102
192
11
39
251
89
40
15
107
206
12
41
314
121
57
33
102
342
14
86
327
122
60
35
109
367
16
91
343
124
67
37
116
388
17
94
308
92
98
34
84
473
18
139
323
94
104
36
90
510
21
146
343
95
114
38
96
547
25
151
369
58
144
37
130
548
21
198
404
60
160
42
141
598
23
213
440
61
181
45
152
639
25
222
141
34
31
16
60
260
10
97
152
35
35
17
65
294
10
104
162
36
39
18
69
306
12
111
16
17
18
19
20
21
22
23
905 1,060
799
222
236
258
2,380 2,662 2.896
11,505 12,577 13,533
3,471
3,728 4,011
2,817 3,096 3.143
5,218 5,753 6,380
144
151
156
137
23
297
2,237
1,052
618
568
11
153
24
334
2,516
1,171
698
648
11
167
26
374
2,708
1,265
725
718
12
18
9
98
321
68
18
235
2
20
10
111
346
71
17
258
2
22
11
120
371
73
15
282
2
40
18
184
748
185
196
367
7
44
19
196
792
183
214
396
7
49
20
209
839
197
209
434
7
86
15
216
850
264
105
482
6
96
15
232
938
280
111
546
.7
104
16
250
1,023
316
107
600
7
67
18
244
1,178
194
362
621
10
75
20
268
1,275
205
402
667
11
84
22
286
1,377
223
413
741
11
36
7
111
651
160
235
255
5
40
8
132
692
166
249
277
6
41
8
134
768
184
273
311
6
24
25
26
27
28
29
30
31
3,940
949
821
783
1,388
5,353
301
1,652
4,221
967
897
856
1,500
5,878
336
1,739
C)
(i)
(i)
2,220
2,534
2,871
248
282
317
126
139
152
168
188
211
211
243
275
265
305
351
131
150
173
32
9,764
3,688
6,076
10,053
3,668
6,384
10,279
3,780
6,499
743
129
614
866
223
644
876
221
656
252
29
223
263
29
234
270
31
239
921
394
527
865
306
559
972
404
568
912
286
626
898
260
638
947
298
649
1,277
614
663
1,337
648
689
1,279
578
701
471
186
285
504
195
308
517
203
314
33
34
35
9,538
10,282
11,243
1,094
1,156
1,260
380
424
460
682
717
782
773
840
917
958
1,024
1,122
404
443
486
36
634
703
381
387
417
537
559
611
547
570
621
630
661
718
297
310
341
37
266
281
79
82
87
135
141
148
173
184
192
210
229
243
98
106
116
38
6,454
6,744
7,375
596
1,856
2,001
2,113
247
Table 45.—Arkansas
Table 46.—Southwest
1964
Table 47.—Oklahoma
Table 48.—Texas
1965
1963
1964
36,321
4,880
2,043 20,365 21,906 23,337
76
322
308
307
26 1,269
1,297
1,328
1, 084
240
1,479
4,594
2,621
1,973
4,237
1,096
298
798
2,986
33
272
2
262
9
177
486
282
204
518
131
42
89
1,878
360
378
397
743
2,527
132
600
1,968
363
412
420
773
2,737
149
630
267
35
57
69
105
307
13
70
280
35
61
74
110
332
13
73
292
35
68
75
115
348
14
76
1,237
242
252
283
461
1,509
73
420
1,298
248
267
297
486
1,641
79
443
423
104
1,267
5,241
1,469
1,304
2,468
41
547
110
1,302
5,548
1,542
1,303
2,703
44
48
13
164
789
286
163
340
7
51
14
182
853
304
186
364
6
50
14
194
905
320
183
403
8
240
65
710
3,088
795
865
1,427
22
274
68
111
3,315
848
906
1,562
26
1963
1964
1965
1963
3,103
3,374
3,581
31,867 33,789
1,779
85
25
1,897
72
26
x
13
11
119
475
240
235
292
67
21
47
13
12
122
519
257
262
317
74
23
52
14
12
146
571
284
287
340
81
25
56
1,050
215
1,295
3,862
2,088
1,774
3,665
944
257
688
1,069
225
1,426
4,220
2,345
1,876
3,945
1,024
278
746
161
53
38
10
60
191
11
59
174
55
43
11
64
207
11
62
184
56
48
12
68
221
12
64
1,789
352
356
378
704
2,325
122
570
24
8
90
357
99
69
189
6
26
8
100
380
103
72
206
6
28
8
109
392
105
57
230
7
377
102
1,155
4,854
1,383
1,218
2,254
37
Table 4 9 . — N e w Mexico
Table 50.—Arizona
Table 51.—Rocky
Mountains
Line
1965
1963
1964
1965
1963
1964
1965
1963
1964
1965
1963
1964
1965
5,196
5,603
21,589
22,966
24,761
2,032
2,107
2,224
3,366
3,520
3,733
10,715
11,053
11,841
1
3,192
26
280
2
270
9
178
544
329
215
552
141
46
94
3,392 13,817 14,901 15,954
25
228
216
208
292
767
778
786
2
733
743
750
281
9
34
36
36
183
818
936 1. 016
599 2,921 3,195 3,470
376 1,465
1,656
1,846
223 1,456
1,539
1,623
591 2,568 2,777 3,005
148
659
716
771
49
174
187
199
99
485
530
572
1,371
23
116
2
55
59
98
92
58
34
197
52
13
38
1,476
22
116
2
55
• 58
108
101
66
34
210
54
14
40
1,543
22
118
2
52
64
113
100
65
35
218
57
16
41
2,191
39
114
2,338
44
123
2,448
52
132
1
122
203
380
293
87
406
113
31
82
1
131
166
425
333
91
422
120
34
85
7,231
147
288
22
97
169
538
1,250
765
485
1,297
305
91
214
7,566
143
308
23
99
186
564
1,264
765
499
1,369
317
97
221
2
3
4
1
113
203
363
283
80
383
103
28
76
6,886
155
286
20
101
165
518
1,256
778
478
1,231
283
84
199
6
7
8
9
10
11
12
13
14
15
1,368
250
293
318
507
1,802
92
466
116
34
19
9
54
229
12
27
121
35
20
10
57
251
13
28
124
34
20
10
59
269
14
29
169
42
28
16
84
280
25
53
178
43
30
16
89
302
27
56
184
44
31
17
92
319
30
58
672
224
139
76
233
722
57
120
703
231
144
78
249
795
59
126
732
236
152
82
263
852
65
129
16
17
18
19
20
21
22
23
317
73
854
3,500
893
903
1,704
28
(2)
6
2 184
445
154
96
196
3
56
17
129
533
147
95
290
5
59
16
144
582
154
107
321
5
59
16
155
623
162
110
352
5
111
37
396
1,751
607
277
868
11
136
39
436
1,897
640
318
939
10
146
42
470
2,004
664
311
1,029
12
24
25
26
27
28
29
30
31
(2)
7
2 204
490
162
106
222
3
(2)
2 220
520
168
108
244
3
85
96
109
897
1,001
1,107
132
148
163
618
692
769
52
56
60
95
105
115
291
313
338
32
634
338
297
717
402
315
703
383
320
4,262
1,387
2,875
4,218
1,263
2,955
4,609
1,607
3,003
667
213
454
698
211
487
795
300
495
2,894
919
1,975
2,898
844
2,054
3,157
1,071
2,085
272
98
173
222
78
143
237
91
145
429
157
273
401
130
271
421
145
277
1,508
532
976
1,444
429
1,015
1,700
666
1,035
33
34
35
349
397
432
4,754
5,010
5,422
730
778
840
3,302
3,489
3,776
243
253
273
479
490
533
1,502
1,524
1,650
36
327
344
375
2,359
2,472
2,704
482
502
542
1,482
1,546
1,692
142
150
164
253
273
306
804
828
890
37
71
77
81
770
819
858
117
122
128
524
560
586
48
51
54
81
87
90
276
288
302
38
17
225-221 O - (
Tables 52-62A.—Personal Income by Major Sources, 1963-65
[Millions of dollars]
Table 52.—Montana
Item
Personal income.
___
_
Wage and salary disbursements
Farms—.
Mining
Coalmining
Crude petroleum and natural gas
Mining and quarrying, except fuel
Contract construction
___.
Manufacturing
Durables
Nondurables
Wholesale and retail trade
.
Finance, insurance, and real estate
Banking
Other finance, insurance, and real estate...
Transportation, communications, and public
utilities
Railroads
Highway freight and warehousing
Other transportation
Communications and public utilities
Services
Hotels and other lodging places
Personal services and private households...
Business, auto repair, and other repair
services
Amusement and recreation
Professional, social, and related services
Government... _
Federal, civilian
___.__.
Federal, military
_...
State and local
Other industries
__.
Other labor income
1963
1964
1965
1963
1964
1965
1,588
1,585
1,714
1,411
1,464
919
33
45
950
30
48
1
11
36
73
125
77
48
171
33
15
18
1,004
29
50
1
12
37
82
135
86
49
181
35
15
19
879
42
20
109
53
15
8
33
87
9
15
113
54
15
8
35
10
3
49
245
70
44
131
2
P)
12
32
80
124
78
46
165
31
14
17
Farm..
Nonfarm
__.
321
186
135
Property income.
Transfer payments
128
Proprietors' income
Farm
Nonfarm
_
____
._
__
___
1963
1,660
811
821
844
949
40
22
501
18
61
1
39
20
54
42
14
28
74
14
532
21
1964
1965
1963
1964
1965
1963
1964
4,750
4,967
5,282
2,155
2,216
2,341
66,225
70,722
75,386
530 3,119
19
47
61
82
2
8
39
40
21
35
46
227
41
586
13
354
29
233
79
574
16
151
37
7
114
3,304
40
40
37
243
594
352
242
608
164
40
124
3,446
42
91
10
42
40
252
592
343
249
646
169
43
126
1,517
14
79
11
10
58
104
334
249
57
16
41
1,565
14
75
11
8
56
106
325
233
92
271
61
17
43
1,636
13
84
10
7
67
103
316
223
93
284
63
18
45
44,399 47,467
616
649
268
287
1
1
156
167
111
119
3,089 3,303
12, 202 12,682
8,743 9,025
3,459 3,657
7,682
2,058 2,248
524
570
1,535
1,679
50,568
753
308
1
172
135
3,348
13,306
9,486
3,820
8,778
2,398
605
1,793
60
69
44
108
370
26
60
298
62
72
47
117
400
27
64
313
64
74
50
124
425
28
65
140
55
31
12
43
139
7
22
148
57
33
12
46
148
8
22
152
58
34
12
48
160
22
81
180
101
80
178
34
13
22
15
118
56
16
8
37
99
10
16
10
3
56
262
72
48
142
2
11
3
59
274
75
47
151
2
20
4
41
190
52
29
109
2
38
4
44
203
55
32
116
2
40
4
47
212
57
29
126
3
5
2
17
134
39
19
75
1
5
2
22
148
44
26
79
1
24
149
37
25
87
1
54
20
210
794
250
161
384
5
22
228
869
265
187
416
4
65
22
245
911
270
183
459
4
22
8
79
389
195
24
170
2
23
8
87
415
204
26
186
2
47
37
41
45
20
22
23
127
138
148
67
70
28
17
4
33
116
8
17
278
139
139
181
142
281
147
134
269
118
151
367
213
154
122
51
71
225
244
182
193
211
128
134
142
114
117
124
58
104
26
78
125
116
36
578
114
464
3,282
534
673
810
1,265
5,574
348
919
3,520
551
725
872
1,371
6,124
377
967
3,774
577
778
940
1,478
6, 659
406
1,010
1,207
743
2,357
9,512
2,299
1,652
5,561
116
1,373
803
2,603
10, 248
2,413
1,762
6,073
120
1,503
904
2,836
11,116
2,607
1,811
6,697
130
74
1,992
2,210
2,434
7,168
1,251
5,917
7,585
1,318
6,267
7,654
1,257
6,397
8
23
25
9
95
458
225
27
205
2
585
121
464
194
473
206
34
172
207
24
183
227
41
186
134
686
754
284
286
307
9,361
9,899
10,770
62
362
369
398
142
151
164
5,152
5,528
6,048
47
34
35
36
20
121
125
132
61
64
68
1,847
1,968
2,089
Table 61.—California
Table 62.—Hawaii
Table 62A.—Alaska
1965
1963
1964
1965
1963
1964
1965
1963
1964
1965
1963
1964
5,350
1,268
1,351
1,437
52,615
56,404
59,958
1,776
1,912
2,030
704
789
851
1,278
61
1,394
63
0)
0)
1,477
62
1
0)
0)
665
1
12
2
8
2
66
33
12
20
62
14
716
1
12
0)
584
1
12
2
8
2
44
30
11
20
57
12
5
7
93
101
105
9
52
33
144
20
25
10
56
35
162
25
12
53
40
177
27
27
56
2
7
21
27
44
4
7
59
2
8
22
27
49
4
7
63
2
10
23
29
55
6
7
22
27
10
74
574
185
235
154
31
12
79
591
199
227
165
3
10
2
22
322
123
122
78
12
1
25
363
139
140
84
6
14
2
27
379
140
141
97
5
18
20
Table 59.—Oregon
1963
1964
1965
1964
7,764
8,063
8,641
4,904
5,356
5,734 2,956 3,199
61
62
59
14
10
9
1
1
0)
0)
13
10
8
368
209
198
1,652
935
853
1,166
701
627
485
234
226
1,010
614
565
248
132
122
64
40
37
184
92
84
445
75
77
103
67
74
90
48
52
122
99
105
130
289
314
578
20
22
29
55
57
97
110
26
316
1,344
352
260
732
15
46
13
155
566
148
33
385
51
14
170
606
156
36
414
7
19
Table 60.—Nevada
Washington
4,578
18
3,489
57
12
0)
12
250
1,014
762
252
665
144
43
101
337
85
82
56
113
342
24
61
57
16
185
659
164
34
461
1,008
8
22
1,066
9
28
35,355
475
226
37,903
506
242
40,279
626
255
20
128
46
26
19
131
34
9
25
1
21
116
47
27
20
144
36
10
26
1
27
104
49
28
21
152
37
11
154
72
2,454
9,776
7,023
2,754
6,082
1,680
420
1,259
164
77
2,674
10,146
7,224
2,922
6,584
1,846
459
1,388
171
84
2,627
10, 591
7,530
3,061
6,950
1,968
487
1,481
74
19
11
14
30
317
82
19
82
20
13
16
34
360
89
21
87
21
12
17
37
395
102
22
2,516
346
515
636
1,018
4,487
219
754
2,710
358
556
687
1,110
4,939
239
2,905
369
594
745
1,198
5,344
251
831
72
113
31
170
48
35
87
1
94
120
36
191
52
36
102
1
101
130
40
204
57
36
111
1
1,013
592
1,908
7,566
1,774
1,338
4,455
1,147
644
2, 111
8,157
1,861
1,421
4,876
1,235
732
2,295
1,575
930
8
20
0
2,034
1,482
5,393
105
95
117
21
96
183
54
13
41
527
174
208
146
3
111
120
21
99
198
62
14
C)
127
126
22
104
214
72
15
57
1965
2
75
37
14
23
73
16
7
10
236
256
284
150
167
188
31
35
1,752
1,924
49
54
_____
915
184
731
963
217
746
587
115
472
621
101
520
671
141
530
122
7
114
111
1
110
115
2
112
5,544
912
4,631
1,033
4,906
5,906
897
5,009
179
58
120
174
49
125
179
51
128
1,016
1,069
1,167
621
643
703
15b
165
179
7,566
8,022
8,721
233
253
272
46
51
4,089
4,408
4,848
89
100
32
35
1,513
1,620
1,721
46
22
23
_.
629
662
700
376
393
424
58
65
75
191
194
207
112
120
126
31
33
36
49
NOTE.—Detail will not add due to rounding.
1. Less than $500,000.
2. For New Mexico, business, auto repair, and other repair, services are combined with professional, social, and related services.
1965
916
216
699
Less: Personal contributions for social insurance
18
Table 57.—Far West
.__
Property income
Transfer payments
1965
20
60
165
90
75
167
32
12
20
82
31
16
4
30
106
5
16
Farms.—
74
72
Mining...
13
12
Coalmining..
1
1
Crude petroleum and natural gas
1
1
Mining and quarrying, except fuel
11
11
Contract construction..
308
303
Manufacturing
1,527 1,554
Durables
1,067 1,073
Nondurables
460
482
Wholesale and retail trade
904
944
Finance, insurance, and real estate
224
234
Banking....
57
60
Other finance, insurance, and real estate.. __ 167
174
Transportation, communications, and public
418
403
utilities
.
Railroads
.
94
96
Highway freight and warehousing
____
80
83
Other transportation
111
117
Communications and public utilities
118
122
Services
481
511
Hotels and other lodging places
27
27
Personal services and private households. _ _ 90
92
Business, auto repair, and other repair serv76
81
ices...
_ ...
Amusement and recreation
_
24
25
Professional, social, and related services
263
285
Government
1,210 1,294
Federal, civilian
329
344
Federal, military
_
247
269
State and local.
_
635
681
Other industries14
14
Other labor income
1964
(0
44
5,158
Wage and salary disbursements
1963
Table 56.—Utah
19
54
170
84
86
159
30
11
19
78
30
15
5
28
85
5
15
Table 58.—
Personal income
Table 55.—Colorado
57
Less: Personal contributions for social insurance
.
Item
Table 54.—Wyoming
(9
39
Proprietors' income
Table 53.—Idaho
53
48
1
48
0)
18
50
1
49
SURVEY OF CURRENT BUSINESS
August 1966
19
Table 63.—Broad Industrial Sources of Personal Income, by States and Regions, 1965
Table 70.—Industrial Sources of Civilian Income Received by Persons for Participation in Current Production, by States and Regions,
1965 i
[Millions of dollars]
Table 70
Table 63
State and region
Total
personal
income
Farm
income1
Government
income disbursements 2
Private
nonfarm
Total
Contract Manu- Wholefacsale and
Farms Mining construction
turing
retail
trade
income 3
Federal
State
and
local
TransporFinance, tation,
cominsurmunica- Servance,
and real tions, and ices
public
utilities
Government 2
Other
United States..
532,147
17,497
59,854
43,878
410,918
419,085
17,823
4,899
72,944
21,741
30,747
59,283
56,863
New England...
33,383
319
3,400
2,474
27,190
25,994
325
29
1,616
9,724
4,271
1,507
1,512
3,901
3,004
105
2,245
1,714
124
13
39
333
226
105
178
120
80
1,695
1,326
729
126
13
40
2
2
7
116
84
50
566
521
223
277
213
112
62
62
31
107
72
47
195
183
123
232
172
12
4
2
16,349
2, 515
9,626
70
6
67
1,716
380
640
1,287
185
624
1,610
1,355
710
13,276
1,944
8,295
12,721
1,877
7,646
71
7
10
1
7
765
118
483
4,344
718
3,352
2,221
318
1,130
782
98
472
2,104
248
1,048
1,573
255
678
53
106
382
460
5,595
32,493
17,341
6,250
7,989
15,921
13,720
248
84
37
319
2,266
1,150
1,375
12,968
6,878
10,131
8,449
3,003
4,061
3,666
920
1,098
3,819
1,424
1,925
8,250
2,506
3,274
5,996
1,782
2,746
111
49
44
94
628
529
1,911
76
163
1,424
241
46
432
88
633
120
149
1,263
479
131
2,101
964
3
22
19
38,193
15,319
3,879
6,217
11,018
9,678
182
9,659
10,237
4,985
3,148
3,771
1,740
913
440
1,104
1,591
747
2,355
2, 748
1,115
2,173
2,456
1,188
50
18
9,806
3,506
5,185
1,475
1,481
359
2,232
543
3,749
1,051
2,834
1,027
56
22
Maine
New HampshireVermont.Massachusetts..
Rhode Island._.
Connecticut
Mideast-
128,400
976
13,507
10,154
103,763
101,015
New York—..
New Jersey
Pennsylvania-
59,350
21,950
31,816
384
113
310
4,839
1,887
3,256
5,496
1,445
2,121
48,631
18,505
26j 129
46,002
17,865
25,290
393
116
317
Delaware.
Maryland
District of Columbia-
1,706
10,604
2,974
44
125
149
2,161
1,215
112
825
155
1,401
7,493
1,604
1,228
8,561
2,069
45
127
114,109
2,928
9,019
8,354
93,808
93,405
2,981
Michigan.
Ohio
Indiana. _..
25,031
28,972
13,924
294
441
1,767
2,525
1,110
2,040
1,952
1,014
20,930
24,054
11,198
20,708
23,705
11,622
300
449
612
106
154
65
Illinois
Wisconsin.
34,903
11,279
1,053
538
2,710
907
2,410
28,730
8,896
28,277
1,072
548
213
22
41,609
Great Lakes..
(3)
20
26,039 127,460
82
560
5,378
4,155
4,480
3,348
29,626
32,486
4,226
329
1,141
1,336
712
1,649
540
2,024
7,419
6,024
1,566
2,615
4,122
4,048
113
9,495
7,381
11,961
1,154
639
823
689
1,321
846
577
848
7,190
4,961
9,153
7,613
5,850
9,325
647
1,173
650
116
23
55
512
311
595
1,867
1,365
2,608
1,465
1,010
1,765
385
249
481
664
835
1,061
660
1,224
18
29
24
North Dakota.
South DakotaNebraska
__
1,486
1,518
334
331
550
216
222
481
135
139
296
801
826
1,128
1,159
13
16
13
91
60
174
47
83
427
216
215
536
41
44
161
79
67
248
128
143
364
171
188
385
3
6
14
Kansas.
5,932
511
728
507
2,509
2,882
339
337
560
4,529
520
281
1,022
817
205
417
542
613
19
4,186
1,271
4,612
18,205
11,862
3,161
5,027
63,258
68,380
4,431
82
344
166
589
155
338
1,337
401
845
379
84
194
279
391
1,113
321
607
2,005
357
635
20
3
11
448
218
1,843
881
1,391
2,037
2,850
1,446
1,101
1,330
531
332
139
490
180
921
445
922
968
499
13
18
603
795
921
1,828
687
1,069
1,524
942
37
74
16
PlainsMinnesota..
Iowa
Missouri
88,217
4,353
13,261
7,345
Virginia
West Virginia.
Kentucky
10,691
3,679
265
39
437
2,578
460
932
763
336
510
Tennessee
__.
North Carolina.
South Carolina..
7,749
10,070
4,708
655
232
954
1,233
756
Georgia...
Florida...
Alabama..
9,478
14,041
6,660
451
475
330
3,712
7,359
3, 581
36,321
Southeast.-
MississippiLouisiana. __
Arkansas
Southwest-
7,085
2,844
4,610
8,264
2,864
5,022
670
830
341
5,799
7,352
3,379
6,277
8,040
3,711
270
39
444
331
666
236
1,397
2,090
1,089
725
1,176
570
6,905
10,300
4,671
7,547
10,002
5,329
459
486
336
32
62
54
434
891
321
2,164
1,572
1,598
1,440
2,093
828
677
209
433
258
452
529
764
479
349
788
287
2,401
5,549
2,363
2,885
5,651
2,788
441
263
460
41
395
176
495
182
723
1,058
642
446
1,040
470
106
260
113
169
559
209
351
763
330
417
792
337
15
26
15
1,882
4,991
3,109
27,678
1,917
1,828
5,084
5,302
1,499
2,193
3,945
4,275
91
667
767
3,750
209
1,048
331
1, 523
544
2,615
728
2,615
15
62
74
168
136
203
333
453
415
517
4
10
32
5,603
24,761
320
1,258
904
3,167
538
1,918
3,841
18,418
4,154
18,933
New Mexico..
Arizona
2,224
3,733
111
193
399
521
270
1,444
2,636
1,725
2,866
Rocky Mountain.
11,841
795
1,690
1,154
8,202
9,264
1,714
1,660
844
206
250
54
252
195
117
165
139
94
1,091
1,076
579
1,323
1,327
642
5,282
2,341
232
53
740
533
223
3,777
1,679
4,070
1,902
75,386
1,977
8,693
7,662
57,054
58,746
8,641
5,350
273
195
1,187
565
817
503
6,364
4,087
1,437
59,958
11
154
6,787
116
6,226
851
2,030
1
111
307
506
100
178
Oklahoma.
Texas
Montana..
Idaho
WyomingColorado—
Utah
Far West.
WashingtonOregon
_
Nevada.. _.
CaliforniaAlaska..
Hawaii..
325
1,282
113
197
39
17
30
1,544
330
1,264
131
145
134
192
112
469
809
343
707
1,404
273
512
1,720
442
816
1,286
1,705
210
254
55
56
25
68
100
106
60
150
202
47
230
236
104
51
49
23
132
93
74
160
170
83
228
184
125
311
130
657
348
802
348
237
82
349
168
632
241
734
434
10
54
102
92
2,021
349
4,048
14,754
10,772
4,189
6,705
4,303
278
199
17
15
454
313
1,831
1,142
1,263
849
1,156
45,447
1,180
46,558
11
1,533
31
286
117
3,164
55
11,726
182
8,478
443
1,235
644
1,473
1
114
14
83
148
42
142
84
249
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.—U.S. totals include Alaska and Hawaii.
10,467
343
200
54
2,731
21
3
9,692
9,358
235
495
379
560
1,091
628
34
18
95
3,220
463
7,770
169
7,470
3
180
72
117
70
240
240
368
17
7
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.—U.S. totals include Alaska and Hawaii.
by L. JAY ATKINSON
Factors Affecting the Purchase Value of New Bouses
Section I—Introduction and Summary
HY do some families pay more
than others for their new homes? Income is obviously an important reason
but what other factors are also important? Are the age, occupation, and
education of the household head—to
cite a few characteristics—of any significance? If so, how are they related
to the amount a family pays for a new
home? And how do changes over time
in relative prices and credit conditions
affect the amount paid?
This article attempts to answer these
and related questions. It is the second
part of a study of housing undertaken
for the Interagency Economic Growth
Project. The first part 1 analyzed longrange influences affecting the number
of new housing units built and provided
alternative projections of the number
of new housing units for 1970.
Given the number of units that may
be demanded in the future, it becomes
necessary to determine average value
per unit if projections of aggregate
value are required. Although projections of average unit value were obtained by extending past trends, this
technique did not provide much in the
way of analytical content. This report
analyzes unpublished data and yields
a number of insights into the demand
factors that give rise to variations in the
purchase price of new houses. No projections are shown.
1. "Long-Term Influences Affecting the Volume of NewHousing Units," Survey of Current Business, November 1963.
20
Cross-section data
Except in the last section, which is
concerned with a time series analysis,
most of the data for the present report
are cross-sectional and are from the
1960 Census of Housing. The data,
which are based on a large sample of
buyers of new homes, include an extensive list of characteristics pertaining to
the structure and to the household.
The article provides several crosstabulations that show how the value of
a newly built house varies by income
class and by other characteristics of the
household. Although the sample is a
good-sized one, with many cells containing a fairly large number of observations, there are obvious limits to the
number of cross-classifications that can
be shown and readily interpreted. In
order to lay bare the net relationships—
that is, the relationship between house
value and each of several characteristics
of the household, with all other factors
held constant—the individual household data have been analyzed by means
of multiple regression. The regression
NOTE: The author is indebted to a number
of people for their assistance in the course of
this study: Emanuel Melichar of the Federal
Reserve Board for criticism and advice;
George Heller of the Bureau of the Census
for programing the regression; William Cook
and David Cogar of Computer Usage Corporation for programing the cross-tabulations;
Professor Margaret Reid of the University of
Chicago and Professor Murray Brown now of
George Washington University for criticism.
Lyle Ryter, now of the Bureau of Labor
Statistics, assisted in the early stages of the
study. None of these persons is responsible
for the conclusions reached in this study.
analysis is the heart of this report.
The basic regression took this general
form: The value of a newly built house
acquired by a family or individual depends upon the current income of the
household; the age, sex, race, education,
occupation, and marital status'or length
of time married of the household head;
and the location of the housing unit.
Some modifications of this regression
were also explored.
A feature of this study is its treatment of a large number of nonincome
variables, for which data have not
ordinarily been available until recently.2
The use of such data in statistical
analysis had been limited not only
because they were scarce but also
because many of the variables were
nonnumerical. The development in
the last few years of new statistical techniques involving the use of "dummy"
variables 3 and the availability of large
computers have overcome these obstacles
In addition to the analysis of nonincome influences, this article puts considerable emphasis on the estimation
of income elasticity—the percentage
change in purchase price or value asso-
2. However, nonincome variables have been treated in an
analysis of current consumption expenditures for housing.
See S. J. Maisel and L. Winnick," Family Housing Expenditures—Elusive Laws and Intrusive Variances," in Proceedings of the Conference on Consumption and Saving (University
of Pennsylvania, 1960), Vol. 1, pp. 359-435. Maisel and
Winnick found that variables other than income were of
little importance in accounting for variation in current
consumption expenditures for housing.
3. For a simple explanation of dummy variables, see
Emanuel Melichar, "Least Squares Analysis of Economic
Survey Data," 1965 Proceedings of the Business and Economics
Statistics Section, American Statistical Association. Recent
econometric textbooks also have explanations. See, for
example, J. Johnston, Econometric Methods (McGraw-Hill,
1963), pp. 221-228.
August 1966
ciated with that in income. Tests were
made to determine if income elasticityis constant throughout the full range of
income.
Limitations of cross-section esti*
mates
Although the analysis is based on a
rich body of statistical data, the crosssection study has certain limitations:
(1) It applies to a single period.
The stability of the relationships shown
can be tested only with observations
for other periods.
(2) The analysis omits a number of
variables that on a priori grounds
would appear to be significant in accounting for variation in house value.
Some of these omitted variables, such
as changes over time in prices and
financing terms (including downpayments, amortization period, and interest
rates), are for all practical purposes
inherent limitations of a single-period
cross-sectional approach. For others,
such as assets held by the household
and the prices of comparable accommodations afforded by used houses, the
data were not available.
(3) Although the estimated regression coefficients are statistically significant at the 1 percent level, they
have sizable errors; this reflects both
sampling variability and intercorrelation among the independent variables.4
(4) Certain biases are characteristic
of regression computations from crosssection data, as has been widely noted.
One type of bias is related to the concept of income that is appropriate for
calculating elasticity.5
Time series analysis
The final section of this paper uses
time series data to analyze the factors
influencing house value. Ideally, the
results of time series analysis could
serve as a check on the cross-section
results and would permit the introduction of variables such as price and
4. The standard errors are shown in the Appendix, with
only an occasional reference in the text. For the interpretation of errors in regressions containing dummy variables,
see Melichar, op. ciL
5. Such possible biases have been discussed in numerous
publications. Many of these are cited by Margaret G.
Reid in Income and Housing (University of Chicago Press,
1963). This study and others suggest that estimates of income elasticity for housing derived from cross-section data
may be too low. See also R. F. Muth, " T h e Demand for
Nonfarm Housing," in A. C. Harberger (ed.), The Demand
for Durable Goods (University of Chicago Press, 1960).
SURVEY OF CURRENT BUSINESS
21
tremely wide range of income. Other
investigations of income elasticity have
often found that elasticity declined as
income increased.
(5) Several nonincome variables had
an important influence upon the variation in house values in the crosssection analysis. For example, with
all other factors held constant, an
increase in age, years married, or
amount of education of the household
head raises the value of new homes
acquired. Again, with all other factors
held constant, homes acquired by
white household heads have a higher
value than those acquired by nonwhites, and, homes in the North and
West have a higher value than those
in the South.
The following points are from the
time series analysis:
(6) When house value was related to
family income in a simple relationship
based on aggregated data, the estimate
of income elasticity was around O.8..
The (net) income elasticity rose to
approximately 1.0 when variables for
credit terms and prices were added to
the estimating equation.
(7) The price elasticity for new
houses was estimated to be less than
Principal findings
unity, with the usual inverse relationship
between price and real value of
Points 1 through 5 apply to the
house
purchased. An inverse relationcross-section analysis.
ship
was
also found between house
(1) All of the independent variables
value
and
a
credit variable in the form
accounted for about half of the total
of
monthly
mortgage payments, i.e.,
variation in the price paid for new
the
lower
the
monthly payments, the
homes.
higher
the
value
of house acquired.
(2) As was expected, income was the
The
remainder
of this article is
single most important variable, accounting for almost 50 percent of the organized as follows: Section II presents the cross-section data and some
explained variation in house value.
preliminary
cross-section relationships.
(3) With all of the other explanatory
In
the
third
and longest section, the
variables held constant and with the
data
are
analyzed
by means of multiple
highest and lowest income groups exregression
to
show
how the value of
cluded, the cross-section estimates of
new
houses
is
related
to the income of
income elasticity ranged from 0.41 to
the
household
and
a
series of nonin0.47. This means that a difference of
come
characteristics.
The fourth sec10 percent in income was associated
tion
deals
with
the
constancy
of the
with a difference of around 4.1 to 4.7
estimated
income
elasticity
throughout
percent in the value of a newly purchased house. These net regression the income range and also modifies
results were not much different from the the cross-section estimate of income
simple regression estimate of income elasticity. The fifth and final section
elasticity when only income was re- is an analysis, based on time series, of
income elasticity and the effect of
lated to the value of a new house.
(4) The income elasticity estimate changes in prices and credit on house
was found to be constant over an ex- value.
credit terms that were necessarily excluded in the cross-section approach.
In practice, the time series analysis
hais serious shortcomings. The various
nonincome factors (age, education, etc.)
used in the cross-section analysis are
not available in usable time series.
The few series that are available—on
house value, price, income, and credit
terms—are deficient in many respects.
Moreover, there is a high degree of
correlation among the independent variables, so that it is difficult to isolate
and appraise their separate relationship
to house value. An important characteristic of the available time series is
that they are highly aggregative—
annual averages for the United States—
in contrast to the cross-section data,
which are on a household basis.
In the analysis of many other types
of problems—consumption functions,
for example—estimates based on aggregated time series have usually been
considerably different from those derived from cross-section data, and the
two types of estimates have seldom
been reconciled. In this study, such
differences are encountered, and no
reconciliation has been achieved.
SURVEY OF CURRENT BUSINESS
22
August 1966
Section II—The Data and Their Treatment
MOST of the basic data used in this ent check confirmed this assumption.7
Income is measured as the total
study were part of a systematic 1-inmoney
income of all members of the
1,000 sample of the 53 million U.S.
household
in the preceding year (1959)
households enumerated in the 1960
6
Census. For each sample household, as reported to the Census Bureau.
As the first step in this study, the
the Census Bureau made available on
magnetic tapes about 100 characteris- entire Census sample of 53,000 housetics, of which 15 were selected as the holds was classified according to "tenure
most relevant for this analysis. Infor- type." Tenure type designates certain
mation from Census tabulations and features of the housing unit—whether
housing studies was utilized in selecting it is owner-occupied or rented, when it
was built, and the number of units in
the most appropriate characteristics.
the structure. The various tenure-type
classifications, which were derived from
Table I.—Number of Households Classified the 1960 Census data, are shown in
by Tenure Type, April 1960
table 1. The portion of the sample
[Thousands]
that had recently bought new homes
constitutes
the main set of (crossPercent
Number distribusection)
data
analyzed in this article.
tion
There were 1,398 observations in this
Total households _ _ _ _ __
52,875
100.0
group, of which 1,155 had complete
Owners
32,742
61.9
records.
Buyers, 1955-60:
Houses built 1959-60
Houses built 1955-58
Houses built before 1955
Other owners _
Renters
1,398
4,677
6,457
2.6
8.9
12.2
20,210
-
20,133
38.1
12,458
883
11,575
23.6
1.7
21.9
CHART I
Percent Distribution of Buyers of New
Houses Built 1959-First Quarter 1960
Compared With All Households
AGE OF MALE HEAD OF HOUSEHOLD
Percent
100
65+
80
"55-64
45-54
60
35-44
EDUCATION
College.- 4 or
More Years
College: 1-3 Years
Cross-Tabulations
High School
The group that bought new houses in
1959 and the first quarter of 1960 is
shown, blown up to universe totals, in a
In three-or-more-family structures.
7,675
14.5
Built 1959-60
159
series of cross-tabulations in table 2.
.3
392
.7
Built 1955-58
7,124
13.5
The number of households is shown on
Built before 1955
the left and average value per unit on
Source: U.S. Department of Commerce, Office of Business
Economics. Universe estimates based on tabulations from
the right. The data are classified by
l-in-1,000 sample of households, U.S. Census of Housing,
1960.
income (across the top) and by each of
several nonincome categories (in the
stub). The first line in the left-hand
For most of the characteristics except section shows the 1,398,000 purchasers
house value and income (e.g., age, of newly built houses distributed by
education, years married), the Census income class. The corresponding line
designations are self-explanatory. The in the right-hand section shows the
value of the house is that reported to average value of house. The data are
the Census Bureau in answer to the all subject to sampling error. (See
question "What is the current [spring note to table 2.) Since the information
1960] market value of your house?" underlying the table formed the basis
Although a householder's appraisal of of the regression analysis, which is disvalue may be rather imprecise, espe- cussed in a later section, only a few
cially for older houses, it seemed aspects of the table are presented in
reasonable to suppose that for newly this section.
acquired houses the respondent would
give the purchase price. An independIn one-to-two-family houses
Built 1955-60 _ _ __
Built before 1955.. _
6. U.S. Department of Commerce, Bureau of the Census,
If 1,000 and If 10,000: Two National Samples of the Population
of the United States, 1964.
7. This check was based on a special sample from the 1960
Census—independent of the one being discussed here—that
obtained information on the purchase price of newly built
homes. The sample ("SCARF") was designed to provide
information on the financing of newly purchased homes.
8-11 Years
Under 8 Years
REGION
West
South
North Central
Northeast
Buyers of
New Houses
U.S. Department of Commerce, Office of Business Economics
Basic Data: Census
66-8-7
SURVEY OF CURRENT BUSINESS
August 1966
p'-H^^^^
CHART
8
Relationship Between House Value and
Income, Buyers of New Houses Built 1959
First Quarter 1960
Value of House ($000)
35
AGE OF MALE HEAD OF HOUSEHOLD
30
25
30-44-/*/-45+
20
15
P\A-Under 29
10
I
10
20
15
25
Income ($000)
35
EDUCATION
30
25
College
High School
20
15
to 12 Yrs.
10
I
I
I
10
15
Income ($000)
20
25
35
REGION
30
25
North Central
Some characteristics of new house
buyers
Although this paper does not analyze
the factors that influence the decision
to buy (or not to buy) a new house,
some background information on this
subject may be of interest. Chart 7
illustrates the relationship between the
purchase of a new home and a few of
the characteristics considered here. On
the basis of data from the left-hand side
of table 2, it shows a percentage distribution of buyers of new houses according to each of three characteristics—age,
education, and region. For comparison, similar data are presented for all
households in the United States as of
April 1960.
Among those households that had
recently bought new homes, the 10year age brackets 25 to 34 and 35 to 44
accounted for 70 percent of the total.
Those under 25 and those 55 or older
accounted for only a small portion of
buyers. The age distribution of buyers
was quite different from the age distribution of all households. Relative to
all household heads (male), buyers were
more common for each of the age groups
under 45 and less common for each of
the older groups.
The amount of education of the
household head was directly related to
the probability that he would buy a
new house. Those whose education
did not exceed 7 years were only half
as likely to be new buyers as all household heads; those who graduated from
college were twice as likely to be new
buyers.
As of 1960, the South and the West
had higher-than-average proportions of
new house buyers relative to all households; the North Central region was a
little below average and the Northeast
considerably below average.
23
Some preliminary relationships
Chart 8 suggests some of the ways
that house valiie is related to income
and nonincome factors. The top panel
shows the relationship between house
value and income for three broad age
classifications. It indicates three main
points: There is a direct relationship
between value and income for each of
the three classifications; the slopes of
the three lines are about the same; and
for any given income, there is some
difference in the average house value
for the different age groups.
The middle panel, in which households are classified by educational
attainment of the household head,
also illustrates the direct relationship
between house value and income. There
is less uniformity in the slopes of the
lines than there was for the age classifications. Finally, at any given income level, house value appears to vary
directly with the level of education of
the household head.
The direct value-income relation also
shows up when the data are classified
by region. However, some clearcut
regional differences are apparent with
respect to both the slope of the lines
and their level. The slope is greatest
in the South and least in the Northeast.
Throughout most of the income range,
house values for any given income level
are highest in the Northeast and lowest
in the South.
As was indicated earlier, these relationships between house value and
income, with one other characteristic
held constant, have been presented
only to give a taste of the discussion
that follows. Their interpretation is
deferred to the section dealing with the
comprehensive regression analysis, in
which both gross and net relationships
are considered.
Northeast
20
Section Ill-Regression Analysis
West
15
South
10
5
0
I
I
I
I
5
10
15
20
25
Could
Income ($000)
Basic Data: Census
U.S. Department of Commerce, Office of Business Economics
ONLY nine of the characteristics used
for the cross-tabulation were used for
the regression analysis. As a practical
matter,
that
,~*, this
~ — was
. — the maximum
—
A^.
be
handled
in
the
regression
program. 8 The principal new infor8. The program was limited to 50 variables, but the word
"variables" is used in a special sense here. For example,
region is one of the nine characteristics selected for the regression analysis, but each of the four regional subclasses
(Northeast, North Central, West, and South) is treated as a
separate dummy variable. Appendix table 1 lists all the
variables used.
Table 2.—New Owner-Occupied Houses Built 1959—1st Quarter 1960, by Household Income and Other Selected Characteristics—Number
of Households and Average Value of House
[Estimated number of households in thousands—(based on sample)]
Income groups
Under
$4,000-
$4,000
Total units owner-occupied in April
1960, built 1959— 1st quarter I960...
250
136
$5,000$5,999
167
$6,000$6,999
175
$7,000$7,999
156
$8,000-
$9,000$9,999
134
$10,000$11,999
$12,000$14,999
$15,000-
$20,000$24,999
134
73
40
20
92
Over
$25,000
21
Total
number
1,398
Average
income
7,875
Age and sex of household head
Male:
Under 25 years
25-29 years
w.
30-34 years
35-44 years
45-54 years
55-64 years
65 years and over
(*)
(*)
(*)
83
242
279
405
170
90
56
(*)
(*)
(*)
73
4,089
(*)
(*)
(*)
41
3,854
(*)
(*)
(*)
C)
(*)
(*)
85
425
470
323
54
5,747
6,728
9,001
9,421
4,277
(*)
(*)
(*)
273
316
374
233
107
56
3,692
7,647
7,351
8,205
8,517
8,654
8,518
223
340
526
309
8,238
8,044
6,762
9,324
47
447
237
500
167
6,532
6,432
8,127
9,429
7,113
90
47
157
1,104
4,011
3,691
5,646
8,686
65
723
525
85
2,892
7,627
8,195
11,835
20
1,155
47
40
56
122
235
185
141
162
113
54
8,035
3,351
4,100
4,821
5,832
6,702
8,078
8,443
9,772
10, 969
22,287
21
1,342
56
7,851
4,705
156
411
406
175
250
5,448
6,516
8,084
9,154
10,392
1,189
206
205
95
93
282
167
39
23
7,830
9,868
12,097
7,131
8,413
7,400
6,733
4,974
6,173
4,812
4,948
7,578
(*)
(*)
(*)
(*)
___,
_
All females
(*)
4,951
6,407
7,297
9,559
10,814
8,594
4,125
Marital status of household head
Primary individuals
Husband-wife married:
0-2 years
3-9 years
10-19 years
20 years and over
Other families
(*)
_
1
Size of household
1 person
_
2 persons
3 persons
4 persons
5 persons
6 persons
More than 6 persons.
Northeast
North Central
South
West
(*)
-
--.
(*)
Region
—
26
51
137
34
-
Size of place
Rural farm
__.
Rural nonfarm
Inside SMSA, central city
Inside SMSA, not in central c i t y — —
Other
-
19
123
26
53
. 29
(*)
13
(*)
Weeks worked in 1959 by household
head
Did not work__
Under 26 weeks..
27-47 weeks
48-52 weeks
63
31
44
112
_
24
136
4
1
15
155
2
3
8
121
3
1
15
115
(*)
(*)
(*)
(*)
(*)
(*)
(*)
20
Number of earners per household
No earners
learner
2 earners
3 or more earners
—
__
Value of house
Total
Under $5,000.
$5,000-$7,499
$7,500-$9,999
$10,000-$12,499_.._
$12,500-$14,999
$15,000-$17,499.
$17,500-$19,999
$20,000-$24,999
$25,000-$34,999
$35,000 and over
53
141
52
4
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
C)
(*)
(*)
C)
()
(*)
(*)
l
—
r
—
_
164
28
19
18
23
36
12
7
10
7
4
150
3
107
10
119
138
(*)
(*)
(*)
(*)
C)
(*)
Race
White
Nonwhite..
225
25
128
159
173
2
153
3
130
4
131
3
40
73
(*)
20
(*)
(*)
Education of household head
Under 8 years
8-11 years
High school
College, 1-3 y e a r s . . .
College, 4 or more years
(*)
71
101
50
14
14
22
Occupation of household head 1
Total
.
Professional and technical
Managers, officials, and proprietorsClerical and kindred workers
Sales workers
Craftsmen and foremen
Operatives..
Service workers
Farmers and farm managers.,
Farm laborers and foremen
Laborers, except farm and mine
Occupation not reported
144
7
10
7
11
39
26
13
9
3
12
7
102
9
13
9
5
22
23
5
4
1
153
20
20
19
12
41
21
7
3
1
7
2
162
28
26
21
12
34
32
2
1
1
3
2
148
22
17
11
15
50
17
8
1
1
2
4
_. For a discussion of sampling error, see "Sample Design and Sampling Variability,' Part C of the Bureau of the
Census publication 1/1000 and 1/10,000.
*The sample contained no observations in this cell.
24
124
38
19
8
6
30
12
4
2
1
(*)
(*)
(*)
124
28
23
11
12
27
14
*)
*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
32
1. The totals do not add to 1,398, because some were not reported.
Source: U.S. Department of Commerce, Office of Business Economics. Basic data are
from 1/1,000 sample of the 1960 Census of Population and Housing.
Table 2.—New Owner-Occupied Houses Built 1959—1st Quarter 1960, by Household Income and Other Selected Characteristics—Number
of Households and Average Value of House—Continued
[Average value of house in dollars—-(based on sample)]
Income groups
Under
$4,000
Total units owner-occupied in April 1960, built
1959—1st quarter 1960
$6,000-
$10,000$11,999
$12,000$14,999
$15,000-
$20,000$24,999
19,000
20,900
24,560
27,710
31,300
32,920
16,570
15,570
16,170
19,180
19,360
17, 090
20,770
23,970
(*)
19,200
19,180
19,410
15, 080
19,830
(*)
16,700
19, 910
22,190
21, 080
18, 500
20,860
27,470
16,200
25,000
25,720
29,320
24,120
25,920
(*)
(*)
(*)
16,200
33,130
27,180
32,900
(*)
(*)
(*)
(*)
33,080
30,240
40,000
(*)
11,380
14,480
17,020
18,570
18,100
16,720
14, 790
13,600
14,800
14,550
17,380
18,050
$4,000$4,999
$5,000$5,999
12,280
11,930
15,080
15,970
17,070
19,160
8,630
8.920
12,980
11,180
12,150
14,040
15, 220
14, 530
14, 020
18,130
13, 700
14,200
14,810
15, 900
14,780
18,430
13,000
14,470
12,000
16,560
17,040
17, 960
15,430
13,480
8,700
15,270
20,470
$7,000$7,999
$8,000-
$9,000-
Over
$25,000
Average
value of
house
Age and sex of household head
Male
Under 25 years
25-29 years
30-34 years
35-44 years
45-54 years
55-64 years
65 years and over
9,440
12,630
10, 260
10,820
11,430
11,400
12,320
11,850
19,800
All females .
12,570
15,670
10,540
14, 700
2,500
24,350
13,670
14,800
9,520
10,260
12,400
10,980
12,810
11,310
10, 540
11,540
12,950
13,530
13,120
14,540
14.590
15,170
15,040
12,470
15,890
15,680
15, 070
12, 700
19,750
16, 000
17,480
16,650
12, 400
17,110
16,830
20,060
19,380
10, 540
12,130
10,320
11, 050
12,560
10, 640
8,960
14,200
11, 780
12, 020
11,620
10,910
8,210
15,370
2,500
15,940
14,650
13, 330
15,100
14,330
13, 400
24,350
14,940
14,360
15, 390
16,860
15,490
13, 700
13,670
15,890
15,410
17,850
16,110
20,890
16,880
14,800
14, 780
12, 230
9,770
12,050
13,460
12,150
9,770
14,230
15,290
14, 550
13,670
15,170
17,640
16,870
12,690
16,040
8,900
9,960
13,220
13,660
10,970
10,200
9,520
13,170
14,290
12,470
11,400
13, 760
15, 010
14, 670
16,150
12,190
9,310
11,120
11,020
15,000
8,760
11,660
11,1310
12,950
10,550
10,970
8,750
10, 640
(*)
23,360
28,980
21,840
(*)
(*)
31,800
(*)
(*)
14,320
(*)
40,000
(*)
(*)
12,840
Marital status of household head
Primary individuals—.
Husband-wife married:
0-2 years
3-9 years
10-19 years
20 years and over._.
Other families
(*)
16, 200
25,200
28,780
24,970
(*)
24,350
30,100
32, 470
(*)
(*)
(*)
31,100
33, 730
(*)
13,330
15,200
18, 520
17,360
13,780
18,900
19,380
19,900
15,920
15, 400
17,070
20,070
21,190
20,580
17,380
23,100
23, 700
25.000
22,980
(*)
18,370
16, 750
18, 550
19,590
19,450
21,440
13,700
17,260
16,900
20,130
19,880
18, 740
16,200
(*)
18, 720
20,490
20,140
24,210
20,040
20,530
(*)
24, 720
21, 510
26. 630
27, 660
22, 520
16,200
40,000
28,190
23,900
29,000
23,450
35,000
(*)
(*)
28,500
83,100
29, 740
40,000
28,100
18, 700
(*)
32,960
40,000
84,460
29,020
40,000
23,900
12, 510
16,260
15,490
17, 010
18,120
17,820
15,410
17,340
17,520
14,650
18,370
21,290
18,320
17,400
18,340
17,110
20, 570
17,520
18,620
23,080
19,300
20,000
19,930
28,450
23, 010
25,060
21,650
24,850
27,470
26,210
28,920
32,070
81,200
30,630
29,560
28,100
31,200
83,060
85,150
18,910
17,170
14,190
18,300
12,700
14,150
16, 760
16,030
15, 740
18,600
17, 530
16, 570
16,630
16,150
14,800
19,490
17, 510
19,020
17, 610
(*)
15,780
20,250
19,370
17,770
17,200
18, 990
20,890
21,600
17,230
19, 400
24,450
23, 580
24,830
26, 750
31,220
27,340
24,200
25,800
84,130
35,000
29,940
28,100
31,600
31,200
31,230
33,830
(*)
12,230
14,240
17,670
18,810
15,840
19,020
12,870
15,100
14,220
17,150
16,200
14,850
15,510
(*)
18,000
14,930
16,830
18,630
14,800
18,650
18,520
40,000
15,400
22,460
18,210
18,270
15,220
20,830
29,700
24,130
31,200
(*)
32,490
14,530
10,810
14,320
17,310
16,870
11,870
10,310
11,600
20,800
15,490
12,510
13,350
20,600
16,750
14,170
9,130
(*)
17,180
15,640
23,670
16,750
19,150
18,310
15,950
(*)
19,630
18,530
16,010
(*)
23,350
19,160
18,140
(*)
26,200
22,710
22,670
40,000
30,250
25,130
19,220
(*)
33,010
26,200
28,100
33,760
28,700
84,050
14,320
16,970
16,080
18,060
11,630
6,530
11,710
14,610
10,940
15,550
11,200
16,720
13,670
18,490
19,130
18,500
23,030
20,430
22,160
24,280
(*)
27,200
(*)
30,4
30,480
(*)
32,850
(*)
16,820
10,750
8,410
11,
16,340
19,720
7,870
11,210
12,400
11,780
14,960
12,780
13,840
15,420
14,190
14,690
13,580
14,680
15,330
17,110
16,930
14,460
15,810
16,970
17,120
18,740
17,570
17,950
17,180
19,270
20,440
21,200
17,070
15,970
20,890
20,540
18,020
19,780
21,620
18,350
22,150
18,700
21,390
23,600
23,850
26,670
(*)
20,460
25,990
29,360
28,810
25,800
32,900
29,400
31,720
SO, 120
26,850
H,530
32,890
40,000
35,400
11,630
14,450
16,820
18,790
21,220
16,060
17,840
14,060
12,060
9,720
9,210
11,150
11,240
9,600
5,760
12,830
14,000
11,160
12,480
11,260
11,190
10,570
11,500
11,070
10,200
9,040
13,700
13,380
15,530
14,770
16,210
14,600
12,410
17,260
11,330
40,000
16,960
17,040
17,050
16,980
14,560
12,860
14,950
12,700
13,700
14,200
13,200
17,840
18,540
16,160
16,690
16,310
14,350
19,310
13,600
30,000
n, 450
13,700
19,970
18,810
16,940
15,180
18,900
15,230
15,220
14,800
30,000
17,400
22,400
19,570
19,920
20,040
18,830
17,580
14,870
(*)
(*)
(*)
26,200
13,700
22,160
21,340
19,250
20,780
20,250
18,100
26,100
24,760
24,530
22,400
24,840
22,220
(*)
24,030
27,830
14,800
Size of household
1 person
2 persons
3 persons
4 persons
5 persons
6 persons
More than 6 personsRegion
Northeast
North CentralSouth
West
Size of place
Euralfarm
Rural nonfarm
Inside SMS A, central city
Inside SMSA, not in central city.
Other
Weeks worked in 1959 by household head
Did not work
Under 26 weeks.
27-47 weeks
-.
48-52 weeks
.
31,300
(*)
(*)
8
Number of earners per household
No earners
1 earner
2 earners
3 or more earners.
Value of house
Under $5,000..-$5,000-$7,499
$7,500-$9,999
$10,000-$12,499—
$12,500-$14,999—
$15,000-$17,499—
$17,500-$19,999—
$20,000-$24,999—
$25,000-$34,999—
$35,000 and over.
Race
White
Nonwhite.
Education of household head
Under 8 years
8-11 years
High school
College, 1-3 years
College, 4 or more years _
Occupation of household head
Professional and technical
Managers, officials, and proprietors.
Clerical and kindred workers...
Sales workers
Craftsmen and foremen
Operatives
Service workers
Farmers and farm managers
Farm laborers and foremen
Laborers, except farm and mine
O ccupation not reported
17,450
C)
40,000
17,250
T
19,530
W, 830
25,270
8
(*)
(*)
19,980
21,100
16,470
17,700
15,710
13,390
14, 550
13,940
19,090
10,890
15,290
33,310
16,200
(*)
16,200
16,200
(*)
82,900
(*)
(*)
(*)
25
26
mation considered for the selection
process came from the gross relationships developed from the cross-tabulation. Characteristics omitted included some that had seemed likely to
be significant in affecting house value—
such as the number of children under 18
years and the number of persons in the
household. The omission of the latter
may seem strange. The number of
persons is indeed important in influencing the decision to buy a new
house 9 and is directly related to the
physical size of housing accommodations. However, family size is not
directly related to monthly housing expenditure 10 or to house value, especially
after differences in household income
are allowed for. From table 2, it can
be shown that there is little variation in the house value-income ratio
between the two-person and the three-,
four-, and five-person households; thus
the probability is rather low that household size would account for much of
the net variation in house value.
Form of relationship
In the general form of the regression,
the value of the house (dependent
variable) is a function of income and
eight other characteristics of the household or the household head: region, size
of place, size of Standard Metropolitan
Statistical Area (SMSA) and location
within the area, age and sex, length of
time married, race, education, and
finally, occupation.
In the regression equation shown in
this section, the value of the house and
income are numerical variables. All
the other variables are classified in nonnumerical categories and are treated
in the regressions as "dummy" variables, even though some, such as years
of education, were originally reported
by the household in numerical form.
As would be expected, there was a
question as to the appropriate form of
the relationship between house value
and income. On the basis of past
studies, there seemed to be some preference for a log form—i.e., relative
differences in income are related to
relative difference in house value.
SUEVEY OF CUEEENT BUSINESS
However, four forms were calculated:
log-log, linear-linear, log-linear, and
linear-log. The two mixed forms
yielded no improvement in fit and are
not shown in the article. There was
little difference between the results calculated by the log form and those calculated by the linear form, although the
log form accounted for somewhat more
of the variation in house value (significant at the 1 percent level).
Summary results of the log equation
(#3) are presented, first. Then, for the
sake of simplicity, a systematic explanation will be made for the linear
equation (#1). Because of the general
similarity of their results, the two
equations are compared only in Appendix table 2.
Summary of Results: Log
Equation (#3)
Table 3 gives summary results for
the log equation (#3) and shows the
relative importance of each of the nine
characteristics in explaining the variation in house value. Together, the nine
independent variables in the equation
accounted for 47 percent of the relative
variation in the value of new house
acquired. (E 2 =0.47.) For time series
correlations of highly aggregated data,
an E 2 with this value would be unacceptable, but for cross-section data in
Table 3.—Analysis of Variation in Value of
New Houses
Log Equation (#3)
Sum of
squares
Total
Variation explained by
regression
Variation attributable to:
Location
Eegion
Size of place
Size of SMSA
Age and sex
56. 480
Percent
of total
100
26.683
47
(6.570)
4.511
.141
1.918
(12)
8
2.124
Percent
of total
explained
C)
100
3
4
Marital status
.842
1
3
Race
.495
1
2
16
Education
4.304
8
Occupation
.966
2
4
11.382
20
43
29.797
53
Income
Variation not explained by
regression
*Less than }i of 1 percent.
9. Maisel and Winnick, op. cit., pp. 379-380.
10. Ibid.
NOTE.—Detail may not add to totals because of rounding.
Source: Appendix table 1.
August 1966
which the unit of observation is the
household, these results appear to be
very satisfactory by the usual standard
of generally comparable analyses.
Income was by far the most important variable and accounted for 20
percent of the total variation. Each
of the other characteristics also made a
significant contribution (at the 1 percent level). Large influences upon
variation in house value were exerted
by two of the three location variables—
region and size of SMSA—as well as
by education and age and sex of the
head. Smaller but important effects
were associated with occupation, length
of time married, and race. However,
the size of the urban area in which the
home was located was not very important. As a group, the nonincome
variables accounted for 27 percent of
the total variation in the value of new
houses or over half of that explained
by the regression. On the basis of
results obtained from similar studies,
it is surprising that the nonincome
variables accounted for so much variation.11
Income effects
As has already been indicated, income was the most important explanatory variable. In the simple regression between value and income, income
accounted for 30 percent of the variation in the value of new houses. As
the nonincome variables were introduced into the regression equation, they
lowered the net variation explained by
income because of the correlation between income and the other "independent" variables. When all the variables
were included in the regression equation, the contribution of income was
reduced by one-third, from 30 to
20 percent. Although the correlation
among the independent variables is
substantial, as was expected, the explanatory influence of income still remaining is considerable.
In the log form of the equation, the
regression coefficient for income is an
estimate of the income elasticity for new
house value. In the gross or simple regression, the income coefficient was
0.42; that is, differences of 10 percent in
income were associated with differences
11. See Maisel and Winnick, op. cit.f pp. 387-392.
August 1966
of 4.2 percent in house value. This result is consistent with a large number of
estimates that have been made in similiar analyses of cross-section data.12
As each of the other significant variables was introduced into the equation,
all previously calculated regression coefficients were affected to some extent.
The regression coefficient on income
declined (with only an insignificant exception), reaching a terminal value of
0.28 when all the variables had been included. A modification of the regression calculation, which is discussed in
Section IV, results in an increase in the
estimate of the net income elasticity to
the 0.41-0.47 range mentioned in the
introduction.
The Linear Multiple
Regression (#1)
The preceding discussion has shown
the relative importance of each of the
nine independent variables in accounting for the variation in the value of new
houses, and has given one estimate of
the income elasticity coefficient. The
next step is the consideration of the
regression coefficients for the nonincome
characteristics, using the results of the
linear equation.13 Each of the variables is discussed in turn. For each
characteristic or variable, the coefficients are shown as deviations from the
mean, so that for a characteristic as a
whole the weighted sum of the deviations is zero.14 Chart 9 provides a
general view of the results. It shows
gross differences in house value (expressed as deviations from the mean)
for each of several nonincome variables
and then gives the corresponding net
differences obtained from equation 1.
These gross and net differences are discussed in detail in the rest of this
section.
SUBVEY OF CUKEENT BUSINESS
portant influence on the average value
of new houses. For each region, column 1 of the summary table shows the
gross difference from the U.S. average
house value. Average value is least in
the South and highest in the Northeast
and West, with the North Central not
far above the U.S. average. However,
these gross differences in value may
reflect not only purely regional differences but also differences associated
with regional variations in income, size
of city, and age, race, education, and
occupation of the household head, as
well as factors not included in the
regression equation. The net differences among regions, with the influence
of all other characteristics included in
the regression equation held constant,
are shown in column 4. Because income has an important influence on
27
Influence of Region on Variation in Average Value of New
Houses
Region
AdjustGross
ment for
differences differences
from U.S. attributable to
average
income l
Col. 1
Northeast
North Central. __
South
-_
West
$2,336
596
-2,384
1,726
Col. 2
-$166
-77
510
-664
Gross
differences Net difadjusted ferences
for differ- from U.S.
ences in average
income
Col. 3 =
Col. 1 +
Col. 2
$2,170
519
-1,874
1,062
Col. 4
$1,790
565
-1,406
486
1. Computed by multiplying the differences in income
from the national average times the income coefficient from
equation #1 (0.4584) of Appendix table 4. The same procedure is followed in the tables for each of the other characteristics.
NOTE.—None of the figures presented here or in subsequent
tables have been rounded. For a reference to sampling errors, see note to table 2. For standard errors of regression
coefficients, see Appendix table 1.
house value and because there are major
regional differences in income, the
adjustment for income is shown sep-
I^IZZC^^
9
Gross and Net Difference in House Value From U.S. Average
New Houses Built 1959-First Quarter 1960
Difference From U.S. Average
($000)
4
REGION
-6
I
Northeast
I
North
Central
I
South
Difference From U.S. Average
($000)
4
MARITAL STATUS
AGE AND SEX
I
I
I
1 - 6
0-2
3-9
1 0 + Other Families
I— Years Married-*!
and Primary
Individuals
I
West
RACE
OCCUPATION
EDUCATION
Location
o
Data from the cross-classifications
suggest that region may have an im- -2
12. See summary and criticism in Reid, op. cit., passim.
13. In the linear equation, the independent variables account for 42 percent of the variation in the dependent variable. The net income elasticity in the linear equation (at
the mean value) is a little smaller than the 0.28 computed
from the log equation.
14. This represents a transformation from the coefficients
as originally calculated and as shown in Appendix table 1.
I am indebted to Emanuel Melichar of the Federal Reserve
System for this transformation. (See Melichar, op. cit.)
White
Nonwhite
Under
8Yrs.
8-11
Yrs.
High
School
1 to 4 or
more
3
I College _ j
r Years H
Note. — Net based on linear regression. Equation # 1.
U.S. Department of Commerce, Office of Business Economics
Prof.,
Mgrs.,
etc.
Farmers
I
i
Crafts,
Other
Cler., Reported
etc.
28
arately in column 2; gross differences
adjusted for income are shown in
column 3.
Part of the gross variation in each of
the four regions is obviously attributable to regional differences in income.
The adjustment for income difference
is largest for the West, where incomes
are well above the national average,
and nearly as large (in the opposite
direction) for the South, where incomes
are below average; for the other two
regions, the income adjustment is small.
When adjustment is made for the
differences among regions in all of the
other characteristics, there remain
fairly sizable net differences in house
value that are associated with region.
On a net basis, average value is also
least in the South and highest in the
Northeast; however, the West, like the
North Central region, is only moderately above the U.S. average.
There may be several reasons for the
large net differences in house value in
the South and Northeast. In the
South, they may reflect lower construction costs for a house of specified
characteristics, less elaborate heating
systems needed because of the milder
climate, and lower land values. The
opposite conditions may give rise to
deviations in the opposite direction in
the Northeast.
Two other locational factors were
considered in the regression equation
and are mentioned very briefly here.
First, classification was made according
to "size of place7'—into rural nonfarm
areas, small urban areas, and large
urban areas. The net differences in
house value for these classifications
were rather small, although the variance
of the three as a group was statistically
significant (at the 1 percent level). A
more elaborate classification pertaining
to Standard Metropolitan Statistical
Areas (SMSA's) was more successful.
For households located outside SMSA's,
net values were considerably below
average (—$1,443). Net differences
above the U.S. average were largest for
central cities in SMSA's of over 1 million population ($4,273) and well above
the U.S. average in suburban (noncentral city) locations in such SMSA's
($1,488). They were only a little
above average in SMSA's of less than
SURVEY OF CURRENT BUSINESS
1 million, both in the central city ($171)
and in the suburbs ($206).
August 1966
Table 4.—Estimated Percent Distribution
of Number of Families, by Age Group and
Net Worth, December 31, 1962
Age and sex 15
Age group
It was apparent from the cross-tabulations that the value of new houses
purchased by households with male
heads increased directly with age in the
younger age groups (under age 35),
reached a maximum in the intermediate
age groups, and declined for the oldest
age groups. A similar pattern prevailed for income in relation to age.
Therefore, the question posed was
whether there was a net association
between age and value of house, that is,
one not attributable to differences in
income or in other nonincome variables.
The adjustment for income (column
2) is fairly sizable (on a relative basis)
for the first three age groups in the
table and very large for the two oldest
groups. Still, the broad pattern that
can be seen in column 1 is evident after
the income adjustment (column 3).
When allowance is made for all of the
other explanatory variables, appreciable
net differences in house value associated
with age remain only for the two youngest groups and the oldest age group,
which also includes all female household
heads. On a net basis, the gross differences virtually disappear for the two
intermediate age groups, 30-44 and
45-64, and are considerably reduced
for the two youngest age groups. For
the remaining group (males 65 and over
and all females), house value is sub-
influence of Age and Sex on Variation in Average Value of
New Houses
Age and sex of
household head
Gross
differences
from
U.S.
average
Adjustment
for
differences
attributable
to
income
Col. 1
Col. 2
Male under 25 years.. -$5,194
26-29 years
-2,094
30-44 years
1,367
45-64 years
.
1,047
65 years and
older and
all females. __ -2,053
Gross
differNet
ences
differadjustences
ed for
from
differU.S.
ences in average
income
Col. 3=
Col. 1+
Col. 2
$1,340 -$3,854
673 -1,421
-349
1,018
-995
52
1,729
-324
Col. 4
-$2, 361
-1,139
-4
138
3,373
15. This analysis is confined primarily to male household
heads. The small number of female heads who acquired new
houses is combined with male heads 65 years and over.
Net worth
Under 35
TotalNegative
100
21
35-54
100
55 and
over
100
2
$0-$999
$l,000-$4,999_—
$5,000-$9,999-_.
$10,000-$24,999_.
16
12
15
27
$25,000 and over.
28
NOTE.—Detail may not add to totals because of rounding.
Source: The data are based on a survey made b y the
Bureau of the Census in the spring of 1963 for the Board of
Governors of the Federal Reserve System. They appear
in Dorothy S. Projector's "Consumer Asset Preferences,"
American Economic Review May 1965, Table A. p . 237.
stantially above average on a net
basis—just the reverse of the pattern
evident on a gross basis.
Why, after allowance is made for income and other factors, do young household heads buy houses that are less expensive than average while the oldest
heads acquire more expensive houses?
If it were mainly a question of anticipated family needs and income expectations, one might have looked for just
the opposite results: relatively high
house values for the young and relatively low values for the old. An influence more powerful than income
prospects and anticipated family needs
appears to be at work here. Net asset
holdings may explain the net results
observable in the table. Recent studies
have shown a strong positive correlation between net asset holdings and age;
table 4 (from a Federal Reserve Board
study for 1962) illustrates this relationship. Thus, the effect of asset holdings,
a variable that could not be directly
measured in the present study, may be
indirectly reflected in the net variation
associated with age.
Marital status
In the consideration of marital status,
comparisons were made for couples
married for various lengths of time and
for the small number of other households (families with only one spouse
present and primary individuals16)
16. Primary individual households are composed of single
individuals or two or more individuals not related by blood,
adoption, or marriage. Individuals in one-person households and the designated head of multiperson households
of unrelated persons are termed "primary individuals" by
the Census Bureau.
SURVEY OF CURRENT BUSINESS
August 1966
Influence of Marital Status on Variation in Average Value
of New Houses
Marital status of
household
head
AdjustGross
ment
differfor
ences
differfrom
ences
U.S.
attribaverage utable to
income
Influences of Race on Variations in Average Value of New
Houses
Gross
differNet
ences
differadjusted ences
for
from
differU.S.
ences in average
income
Race
Adjust- Gross difGross dif- ment for ferences Net difdifferadjusted erences
ferences
for dif- from U.S.
from U.S. ences
average attribu- ferences average
table to in income
income
Col. 3=
Col. 1
Col. 2
Col. 1+
Col. 1
Col. 2
Col. 4
Col. 3=
Col. 1+
Col.2
Col. 4
Col.2
0-2 years
3-9 years..
10 years and overOther families and
primary individuals
$246
$11
$257
$75
-5,824
1,453
-4,371
-1,804
White
Husband-wife
married:
Nonwhite
—$3 244
$975 —$2 269
—$983
-1,374
526
—848
—948
1,473
-595
878
994
-3,201
1,733
-1,468
-3,165
that had acquired new homes. These
"other households" are not discussed
because they are a rather small group
and contain several different household
types.
For married couples, the gross data
show a positive association between
years married and purchase price.
Differences in income account for
roughly one-third of the differences in
house value. When all other factors
are allowed for, a further sizable reduction is made in the large negative deviation for the group married 2 years or
less, but little change occurs for the
other two groups. On a net basis,
those married less than 10 years buy
houses about $1,000 below average and
those married longer kbout $1,000 above
average.
It was recognized that the length of
time married would be correlated with
the age of the household head. Nevertheless, a significant reduction in the
variation in house value was accounted
for by the length of time married,
although the reduction was considerably
smaller than that associated with age
and sex of the head. It may well be
that the years-married variable, like
the age variable, reflects the influence
of asset holdings on the purchase price
of a house.
Race
Nonwhites acquired homes that were
valued at $5,000 less than the U.S.
average. Of this difference, one-fourth
was associated with lower income, and
nearly one-half (in addition) with other
nonincome factors in the equation; the
remaining portion was associated with
race, as is shown below. The net difference may reflect the effects of the
less advantageous financing terms available to Negro house buyers or the other
difficulties Negroes face in buying
houses in line with their incomes and
assets.
Education
The education of the household head
was an important influence on value.
The net variation associated with
education accounted for one-sixth of
the variance explained by all the
variables.
As the table shows, gross differences
in value varied directly and widely
with differences in education. The
corresponding variation in income accounted for about one-fourth of the
gross variation. The other nonincome
variables brought about a similar reduction in variation for those with the
least and the most education but were
not important for those who had some
high school or 1 to 3 years of college
education.
29
The net differences in house value
associated with education may well
reflect different income prospects. As
compared with the less educated, household heads who have graduated from
college are likely to acquire homes that
are more expensive in relation to their
incomes because they have better prospects for rising income throughout their
working lives. Lending institutions are
likely to take account of such different
prospects.
Occupation
Two general points may be made
regarding occupation: First, this variable is obviously related to education;
second, the classification system leaves
something to be desired. It includes
two small and poorly identified groups:
Those not reporting occupation and
"farmers" living in nonfarm areas.
In addition, it includes a heterogeneous
"other reported" group, which contains
laborers, service workers, and salesmen.
The findings for the three groups will
not be discussed, mainly because they
are not significant.
Influence of Occupation on Variation in Average Value of
New Houses
Occupation of
household head
Education of
household head
Gross
differences
from
U.S.
average
AdjustGross
Net
ment for differdifferdifferences
ences
ences
adjusted from
attrib- for differ- U.S.
utable to ences in average
income
income
Col. 3=
Coi. 1
Col. 2
Col. 1+ Col. 4
Col. 2
Under 8 years
8-11 years
High school
-$4,944
—2,124
$1,113
623
-$3,831 -$3,092
—1,501 —1,503
246
-96
150
628
College, 1-3 years..
2,216
-586
1,630
1,455
College, 4 or more
years
_ _
4,646
-1,154
3,492
2,352
Gross
Adjustment for differNet
differences
differences
adjusted ences
attributfor
from
able to
differU.S.
income ences in average
income
Col. 1
Col. 2
Col. 3=
Col. 1+
Col. 2
Professional, managerial, etc_
$3,960
-$1,423
$2,537
Craftsmen, operatives, clerical
-1,442
333
-1,109
-805
Farmers
-2,635
780
-1,855
4,039
Other reported
Influence of Education on Variations in Average Value of
New Houses
Gross
differences
from
U.S.
average
Not reported
Col. 4
$1,064
-983
517
-466
-356
- 1 , 283
-136
-1,147
-808
The highest skilled group, which embraces professionals, managers, officials,
and proprietors, acquired new houses
valued at nearly $4,000 above the
average; one-third of the gross deviation was associated with higher income,
and one-third was attributable to other
nonincome factors in the regression.
The group classified as craftsmen, operatives, and clerical workers acquired
houses valued below the national aver-
SURVEY OF CURRENT BUSINESS
30
age; a little less than one-fourth of this
deviation was attributable to belowaverage income. The nonincome influences brought about a similar reduction,
and the net deviation for this class was
still below the average (—$800).
The prospect of rising income is probably one factor that explains the aboveaverage house value for the professional
and managerial group. Another is that
lenders may be favorably disposed
toward persons in this occupational
group because they experience little
unemployment.
Use of regression coefficients:
example
an
The preceding discussion of net regression coefficients has indicated how
house value would vary if all explanatory variables (income, region, age and
sex, education, etc.) except the one
under consideration were held constant.
This section is a digression that illustrates an interesting use of the coefficients.
Suppose one wished to estimate
house value for a hypothetical household with a series of specified characteristics. The regression coefficients
can be thought of as building blocks to
be combined in various ways to yield
an estimate of house value. Subject to
certain limitations, table 5, which is
based on data for 1959 and the first
quarter of 1960, illustrates the procedure to be followed.
Table 5.—Calculated House Value for a
Hypothetical Household
Average, based on households
reporting house value
Income
$17,662
$7,000.__
As deviation from mean___
— $1,340.
Region
South...
Location
Suburb of small
SMSA.
25-29, male
Age and sex_._
~
Years married,
3-9
Race
-
Education
White
_________ High school..
Occupation....
Equals: calculated total—
Craftsman
-614
-1,406
206
-1,139
—948
75
628
—805
13,659t
Source: Equation #1; regression coefficients taken from
Appendix table 4.
The left-hand column of table 5 gives
the general characteristics and the next
column the specific values assumed for
the household. The third column gives
the regression coefficient taken from the
tables just discussed (or, more conveniently, from the summary in Appendix table 4).
It should be remembered that the
net coefficients have been shown as
deviations from the mean; thus, the
calculated house value will be the net
result of additions to and subtractions
from the grand average house value for
the entire sample—$17,662.
In the example, it is assumed that
the household has an income of $7,000.
Since the average for all households in
the sample was $8,340, the income coefficient (.4584) is multiplied by the
difference ($7,000—$8,340) to yield the
adjustment in value (—$614) corresponding to the assumed income. The
rest of the adjustments in the illustration are taken directly from the tables.
The example chosen yields a house
August 1966
value of $13,659. Similar computations may be made for any set of
specified characteristics.
Such a calculation makes use of the
assumption that the variables are
independent in their influence upon the
dependent variable and that their
effects are additive in the manner
shown.17 However, this is unlikely to
be strictly true, as was indicated
earlier. Age and number of years
married are obviously related, as are
other independent variables. In addition, all of the coefficients are subject
to error. Because of these limitations,
the results shown must be used with
caution; however, they should be of some
value to those interested in analyzing
housing markets.
17. For a fuller explanation, see J. N. Morgan etal, Income
and Welfare in the United States (McGraw-Hill, 1962), pp.
508-511.
Section IV—Modification of Estimated Income Elasticity
THE importance of income in the preceding regression analysis has already
been made clear. In the four equations
that were calculated (two of which have
been shown), income accounted for 40
to 45 percent of the explained variation
in house value—more than any other
single variable.
The next step involves a more
intensive analysis of the net regression
coefficient on income and an analysis
of the constancy of the income coefficient throughout the income range. A
straight line fitted to the logs of house
value on the logs of income, as in
equation #3, assumes that the income
elasticity is constant for all income
levels.18 Although it could be ascertained in advance by simple graphic
methods that the gross value-income
relationship was approximately logarithmic, no such simple expedient
permitted the establishment of the net
relationship after the influence of the
other variables (age and sex, education,
etc.) had been accounted for. The
usual supposition is that the elasticity
would be higher in the lower part of the
income range and would decline at
upper income levels, as has been
reported for many consumption goods
in family budget studies.19
THIS section produces a modification
of the estimate of income elasticity and
tests for constancy in a broad range of
income. The test is made possible by
extending the dummy variable technique—previously employed only with
nonincome characteristics—to the income variable. The modification of
the estimated income elasticity comes
about chiefly through the omission of
the two open-end income classes.
Initially, equations #1 and #3 were
recalculated (and designated lA and
3A); for the specific income of each
household, 1 of 12 dummy variables
representing the 12 income classes was
substituted. An advantage of this
technique is that it does not require the
analyst to specify in advance the form
of the relationship between house value
and income. As is indicated below,
with the dummy variable technique,
18. Each of the other equations involves a specific implication concerning income elasticity. E quation #1 (linear) implies
that elasticity rises with rising income; one linear-log combination implies increasing elasticity as income rises and
the other implies decreasing elasticity.
19. See, for example, S. J. Prais and H. S. Houthakker,
The Analysis of Family Budgets (Cambridge University
Press, 1955), pp. 96-98.
August 1966
each income class has its own regression
coefficient. Once these have been calculated, it can then be determined
whether they show constant, decreasing, or increasing elasticity.
The results of the recalculations are
shown in chart 10 and Appendix table
3. The 12 points connected by the
heavy black line represent calculated
house value based on equation 3A. If
a least squares straight line is now
fitted through these calculated values,
the slope of this line (0.31) turns out
to be only a little larger than that of
the line of net regression on income
from equation #3 (0.28). The points
for the lowest and highest income
classes appear out of line; the inclusion
of these two extreme points reduces the
slope of the line, as may be seen in the
chart.
There seemed to be some merit iu establishing a relationship between house
value and income with the two extreme
income groups omitted. The lowest
income group accounted for about 15
percent of the new house sample; the
highest group, about 2 percent. The
principal reason for excluding the
$25,000-and-over income group is that
the data do not have a solid basis,
since specific income and value data
were not available for income above
$25,000 and house values above $35,000.
For households with incomes under
$4,000, influences other than current
income appear to be much more important in affecting the price paid for
new housing. This group is unusual in
many respects. One-fourth of these
household heads did not work at all
in the preceding year; it seems very
likely that most of these were retired
persons, since one-sixth of the group
were 65 years of age or older. Such
households draw upon accumulated
saving from past incomes for house
purchases. About one-sixth were female household heads, a much higher
proportion than in the total sample;
many of these were widows using the
proceeds from insurance or inheritance
to purchase a house. The group was
also probably overweighted with household heads whose incomes were too low
to obtain funds through ordinary finan-
SUEVEY OF CURRENT BUSINESS
31
cial channels and who obtained family
loans or gifts.
In the bottom part of chart 10, a
least squares line has been fitted to the
results (logarithms) of equation 3A,
excluding the two open-end classes; it
yields an income elasticity of 0.41, as
compared with 0.31 based on all the
income classes. It can be seen, moreover, that the line fits the points well,
so that it is fair to conclude that the
income elasticity is constant through
the income range of $4,000 to $25,000.
Results based on equation 1A (which
is like equation #1, except for the substitution of dummy variables) also tend
to confirm the finding that income
elasticity is essentially constant
throughout the income range of $4,000
to $25,000. The slope of the line based
on equation 1A is 0.47, somewhat above
the slope based on equation 3A.20
These adjusted estimates of income
elasticity based on net regression are
about the same as the simple regression
estimates derived from the relationship
between house value and income for all
income classes. They are also within the
fairly narrow range reported by other investigators using cross-section data of
fairly recent vintage and only one or a
very few independent variables.
20. The Durbin-Watson values for the two equations are
2.64 for equation 3A and 1.44 for equation 1A. These are
nonsignificant values at the 5 percent level, and (for a crosssection regression) they indicate no significant departure
from linearity for the log variables fitted.
CHART 10
House Value-Income Net Regression, Buyers of New Houses
Built 1959-First Quarter 1960
When open end Income classes are included, the slope of the net regression line is reduced
Ratio Scale
30
25 20
Regression Line Fitted to
Calculated Values From Eq. 3A
15
\
Equation: Log Y=2.96+.31(Log X)
Based onWeighted Data
10
-
8
1
1
5
i
i
6
8
10
Income ($000)
1
11
1
20
I
30
I
40
I
I
50
60
50
60
When open end classes are excluded, the slope is increased
The equation shows constant elasticity throughout the income range from $4,000 to $25,000
30
25
20
Regression Line Fitted to Calculated
Values From Eq. 3A Excluding Open End Classes
-* 15
Equation: Log Y = 2 . 5 7 + 4 1 (Log X)
Based on Weighted Data
10
J
I
1,1
6
U.S. Department of Commerce, Office of Business Economics
lit
8
10
Income ($000)
20
30
40
SURVEY OF CURRENT BUSINESS
32
Section V—Time Series Analysis
IF time series data on income and nonincome characteristics of house buyers
were available, it would be possible,
through the use of the coefficients obtained in the cross-section analysis, to
make estimates of house value over
time. This approach would permit one
to take account of shifts in the various
characteristics that were shown to be
important in influencing the value of
new house acquisitions. For example,
there have been trends toward increased
education and a higher degree of occupational skills of employed persons.
To the extent that these trends exist
among new home buyers, the average
unit value of new house purchases
would tend to rise.
In principle, such estimates would
also reflect the inherent deficiencies of
the cross-section analysis. For example, they would ignore changes in
average unit value that were due to
changes in relative prices, credit terms,
or asset holdings. At any particular
point in time, the variations observed
in average unit value among households
may reflect the influence of the prevailing structure of prices, credit terms, and
asset holdings, as well as other unspecified factors. Changes in such
factors over time could give rise to
changes in average house value from
one period to another.
In practice, time series are not available for the nonincome characteristics
of house buyers, so that an estimating
procedure like the one outlined cannot
be employed. Nevertheless, a time
series analysis was made, using aggregative data on prices, credit, and
income. Such an analysis does not
explicitly provide for variables that,
according to the cross-section analysis,
affect average unit value. However,
it may shed some light on the effect of
variables previously ignored in this
study.
The available time series data have
serious shortcomings. Our main interest is in changes in the average U.S.
value of all new nonfarm houses in real
terms, but a suitable series is not available even on a current dollar basis, much
less on a constant dollar basis. The
available price series (for deflation purposes) have major deficiencies. Moreover, there are no credit data applicable
to all purchasers of new houses in the
nation as a whole.
The only consistent set of time series
available for new single-family houses
is the group insured by FHA, and it
was decided to use these in an attempt
to explain changes over time in the
average value of new houses. Consistency of data is a considerable advantage in any statistical analysis; it
may yield results that are biased with
respect to the entire nation but provide
analytical insights that might otherwise
be obscured by faulty data. The following discussion will therefore be in
terms of new houses insured by FHA.
Afterwards, an attempt will be made
to explain the variation over time in
the construction cost of all new singlefamily houses in the United States,
using data from a variety of sources.
FHA data
Annual data on average acquisition
price for new single-family homes with
mortgages insured by FHA under Section 203 are available from 1947 to
1964.21 The data are broken down into
value of site and value of house. To
21. Data for 1950 and 1952-64 appear in the 1964 annual
report of the Housing and Home Finance Agency, Part II,
Section 3. Data for other years appear in earlier reports.
August 1966
deflate value of house excluding site, a
special cost index, based mainly on
FHA cost estimates of a standardized
house, was used.22 This index rose
about half as fast as the Boeckh index
over the postwar period. No price
series was available to deflate the market value of the site. It was assumed
that the change in market value reflected price change only. The addition
of the site value for a single year (1958)
to each of the annual estimates of
deflated construction cost for the house
itself (in 1958 dollars) yields a deflated
series on average value including site.
It should be noted that this deflated
series, following a general rise throughout the earlier postwar period, declined
slightly after 1957 and then edged
upward.
The income series used is the "effective income7' of purchasers of new FHA
houses. This is estimated by FHA to
be the mortgagor's earning capacity
(before deduction for Federal income
taxes) that is likely to prevail during
approximately the first third of the
mortgage term. Current earnings are
adjusted by FHA if they are considered
to be partly of a nonpermanent character. Ordinarily, future increases that
may be anticipated by the mortgagor
are not included in the FHA estimate
of effective income. The income series
was deflated by OBE's implicit price
deflator for personal consumption expenditures to obtain real income in
1958 dollars.
The price index is derived by combining the separate indexes for house
and site. Since the values of residential building lots have shown a
considerably larger relative rise than
construction costs over the postwar
period, it may be noted that their
inclusion results in a more rapid rise for
the combined cost of a house and lot
in the years 1947-64 than for the
construction cost of a house exclusive
of lot.23 The combined price index
22. The FHA indexes were available for 1947 through 1958
from unpublished FHA records. For the period 1959-64,
estimates were made by OBE on the basis of a variety of
sources. The most important was Samuel L. Brown's
Price Variation in New Houses, 1959-61 (unpublished paper
for the Bureau of the Census).
23. By coincidence, the combined cost of house and lot
treated this way moves rather closely with the Boeckh
construction cost index for houses exclusive of lot.
August 1966
was divided by the deflator for personal
consumption expenditures to yield a
series on the relative price of new
houses of fixed specifications.
In general, it was thought that
credit would influence house value in
two main ways: by its effect on the
downpayment and by its effect on the
monthly payment on interest and
principal. The monthly payment is a
composite that reflects the size of the
mortgage, the rate of interest, and the
length of the amortization period.
Other things being equal, the lower the
downpayment or monthly payment, the
more expensive the house the purchaser
may be expected to buy. There are
complications, however. In some cases,
a given change in credit conditions
may affect both monthly payments and
downpayment, and in opposite directions. For example, a change in the
downpayment requirement will change
the size of the mortgage and thus the
monthly payments. In other cases, a
change in credit conditions—e.g., a
change in interest rates—will affect
monthly payments but not the downpayment.
Considerable information on downpayment, length of mortgage term, and
mortgage interest rates is available from
FHA. An attempt was made to introduce these factors explicitly as separate
independent variables; because of intercorrelations, the results were not satisfactory. In particular, the coefficients
for the downpayment ratio and for the
mortgage interest rate usually had the
wrong sign. Accordingly, it was decided to combine the separate credit
elements into a composite credit factor
that would reflect changes in monthly
payments.24
24. The composite credit factor is based on an index of
monthly payments on interest and principal. It was derived by multiplying an index of the amount of the mortgage
by an index of cost per dollar of mortgage. Cost per dollar
of mortgage was computed from the standard formula for
level (equal) monthly payments, based on the interest rate
and the length of the amortization period.
At any given time, downpayment ratios vary directly with
house value. A shift over time toward more expensive
houses would therefore tend to raise downpayment ratios
in the absence of any change in credit conditions. In the
derivation of the composite credit factor, it was necessary to
exclude the influence of such shifts in order that the credit
factor might reflect only changes in credit over time.
For interest rate, mortgage yield rather than nominal
interest rate was used in all calculations.
SURVEY OF CUERENT BUSINESS
Several ordinary least squares equations were fitted to the data for the
years 1947-64, using deflated average
annual acquisition price as the dependent variable and real income, relative price, credit terms, and a time
trend as independent variables.25 All
variables were expressed in logs. Generally speaking, the results yielded high
coefficients of determination. Results
of the equation with income, price, and
the composite credit variable just cited
are shown immediately below. The
basic data are shown in Appendix table
5.
1.63+1.15 I n c - . 7 4 P - . 3 4 CCF
(.002) (.09)
(.40) (.07).
R 2 =.982 ;D.W. = 1.38.
where
^FHA==log of deflated value ("acquisition cost") of FHA new onefamily houses in 1958 dollars.
Inc.=log of deflated "effective income" (in 1958 dollars) of FHA
home buyers.
P=log of deflated price index for
a standardized FHA house
(1958=100).
CCF=log of composite credit factor.
As can be seen from the R~2, the fit
was quite good. The intercorrelation
between the independent variables was
high, as is usually the case in such regressions, and the Durbin-Watson test
(D.W.) indicates that serial correlation
was significant at the 5 percent level.
Coefficients of the three independent
variables all have the expected signs.
The coefficients for income and credit
are several times their respective standard errors, and the price coefficient is
1.85 times its standard error. The income elasticity coefficient is above unity
(1.15).26 This estimate based on annual averages of new FHA houses is
substantially higher than the cross-
25. This formulation ignores the effect of shifts in supply.
For the implications with respect to the estimated parameters, see Harberger, op. cit., pp. 7-8.
33
section elasticity estimate based on the
household data in Section II.
The price-elasticity coefficient of
—0.74 is about midway in the range of
estimates reported by others.27
The
price index data for houses, however,
are of such limited quality that comparisons are not completely valid. The
standard error for the price coefficient is
relatively larger than the errors associated with the two other coefficients,
and as is illustrated below, the price
elasticity coefficient was rather unstable. The standard error at 0.4
means that a range of one standard
error about the coefficient extends from
-0.34 to -1.14.
The final variable in the equation is
the composite credit factor, which reflects the combined influence of shifts in
downpayment and mortgage ratios,
mortgage yield, and length of amortization period on monthly payments.
According to the equation, a 10 percent
reduction in monthly payments as a
result of a change in credit terms is
associated with a 3.4 percent increase in
the value of house acquired.
When a time trend was added to the
equation, it was not statistically significant and had little effect on the value
of the other coefficients; it is omitted in
the equation shown. Other options
were also tried. For example, the use
of the Boeckh index as a deflator for
house value in place of the FHA series
for the cost of a standardized house
resulted in little change in the coefficients, except that the income elasticity
estimate was reduced to less than unity.
The equation in logs is:
%=1.97+.9O Inc.-.73P b k -.46 CCF
_
(.002) (.12)
(.30)
(.10)
R 2 =.933 D.W. = 1.42
26. It may be noted that this coefficient is about twice as
high as simple regression cross-section calculations within
each year from the FHA data; these calculations have not
been presented in this report. The estimated income elasticity based on the time series regression of FHA house value on
effective income alone is 0.78.
27. The range of estimates of price elasticity for housing is
extremely wide, varying from —0.08 by James S. Duesenberry and Helen Kistin ("The Role of Demand in the Economic Structure," in Wassily Leontieff [ed.], Studies in the
Structure of the American Economy [Oxford University Press,
1953], p. 467), to more than -1.0 by Muth (op. cit., pp. 72-73),
and -1.4 by Tong Hun Lee ("The Stock Demand Elasticities for Nonfarm Housing," Review of Economics and Statistics, February 1964, pp. 82-89).
34
The symbols are the same as above,
with the subscripts bk referring to the
Boeckh index. The equation containing the Boeckh index did have a time
trend, which was not quite significant
at the 5 percent level. The inclusion of
the time trend in the Boeckh equation
reduced the price elasticity coefficient so
that it was no longer statistically
significant. Finally, an equation was
also fitted using the previous year's
house value as an independent variable.28 The results were similar to
those shown in the equation above,
with an insignificant contribution of the
lagged variable.
Other time series regressions
Since one would like to know how the
value of all new houses—rather than
FHA houses only—is related to income,
price, and credit influences, a similar
set of time series regressions was
attempted for all single-family houses
in the nation. The series on house
value was based on the regular Census
series on the construction cost of onefamily nonfarm houses. The income
series is the OBE personal income data
divided by number of households; this
average for all households is used rather
than a series on the income of buyers of
new houses. The deflations were carried out in the way described earlier.
For the deflated house price series,
alternatives based on FHA and Boeckh
cost indexes were employed. The credit
series was the same as that used in the
FHA regression.
28. The rationale for the use of a lagged variable in such a
demand function may be found in Marc Nerlove, Distributed Lags and Demand Analysis for Agricultural and Other
Commodities, Agricultural Handbook No. 141 (U.S. Department of Agriculture, Agricultural Marketing Service, 1958).
SURVEY OF CUEEENT BUSINESS
The results were less satisfactory
than those obtained in the FHA equations. The income elasticity estimate
was about the same, i.e., around unity.
The credit term variable taken from
the FHA data had a coefficient about
the same size as in the FHA regression,
but the standard error was much
larger than before and not quite
significant at the 5 percent level. For
the price elasticity coefficient, no meaningful results were obtained with either
the FHA cost for a standardized house
or the Boeckh series. Finally, the use
of lagged variables resulted in little
change in the estimates of elasticity.
Evaluation of results
A major contribution of the time
series analysis is the fact that credit
terms appear to have significant and
important effects on house value and
that relative prices are important in
some formulations. The extent to
which the various net regression coefficients derived from the 1960 crosssection household data were affected
by the particular pattern of prices and
credit terms prevailing at that time
cannot be determined, as was already
indicated.
The net coefficient on income from
the FHA time series data (after the
introduction of price and credit variables) turned out to be considerably
greater than the cross-section estimates
based on individual household data.
The two sets of data are, of course, not
comparable in terms of coverage. Conceivably, the use of "effective income"
in the FHA data rather than actual
income could account for some of the
August 1966
difference in the two estimates of
income elasticity, but a limited test
suggests otherwise. For 6 years—195864—both "effective" and actual income
data were available from FHA reports.
For the years 1959-63, the ratio of
actual to effective income varied by
only 1 percent; only in 1964 did actual
income increase much more sharply
than effective income.29
There may be nonincome influences
that are not included in the time series
regression and that partially account
for the difference in the two estimates
of income elasticity. One such influence may be education, as was suggested in the introduction to this
section. Differences of this kind are
by no means unique to this study.
More comprehensive data are clearly
needed before a start can be made
in resolving the differences between the
two basic approaches.30
29. It is of interest to note that at a given point of time—
for example, 1964—actual income exceeds effective income for
FHA purchasers throughout the income range and that the
ratio of actual to effective income declines as one proceeds
up the income scale.
30. Differences between estimates of elasticities derived from
cross-section data and those derived from time series data
have been analyzed in the considerable technical literature
on the subject. An early comparison is that of Trygve
Haavelmo in "Family Expenditures and the Marginal
Propensity to Consume," Econometrica, October 1947, pp.
335-341. Edwin Kuh and John R. Meyer, in an evaluation
of demand elasticities ("How Extraneous are Extraneous
Estimates?" Review of Economics and Statistics, November
1957, pp. 380-381), observe that "the kind of behavior measured from cross-section data is commonly long-run in nature,
while that which one observes with annual time-series data
is more often of a short-run character." Their major illustrations are in food demand studies. Jean Crockett has
made a number of contributions on the subject, the latest
of which is "Income and Asset Effects on Consumption:
Aggregate and Cross Section," Models of Income Determination (National Bureau of Economic Research, 1964), pp.
97-132.
SURVEY OF CURRENT BUSINESS
August 1966
35
Appendix—Technical Note
Each characteristic in Appendix
tables 1 to 3 has a line designated
"omitted" variables. The use of an
omitted variable is a computational
requirement for a regression equation
containing dummy variables.
In effect, the omitted variable has
a coefficient that has been arbitrarily
set at zero; it may be considered a
standard. For any particular characteristic, coefficients for the other variables are shown as deviations from the
value of the omitted variable. A
variable whose coefficient is less than
twice the standard error shown is not
significantly different from the omitted
variable at the 5 percent level.
For the linear equation (#1) shown
in the text tables and in Appendix
table 4, a transformation was carried
out in which the coefficients are shown
as deviations about the weighted mean
for each characteristic. The weighted
sum of these deviations is zero. The
transformation was carried out in
order to simplify the presentation of
the regression results.
Appendix Table 1.—Regression Summary for Value of New Houses
Built 1959—First Quarter 1960
Equation #3 (log)
Total Sum of Squares
Due to regression
Deviations from regression
R2
Degrees of freedom
Equation #1
(linear) (in
millions)
56.47987
26.68317
29.79670
79, 349
33, 370
45, 979
.472
1,116
424
1, 116
Appendix Table 2.—Gross and Net Variation in Average Value of
Houses Built 1959—First Quarter 1960
[Dollars]
Net difference
Constant..
Region:
Northeast _
North Central
South (omitted variable)
West
Size of place:
Rural nonfarm___ _ . . .
Urban—Less than 500,000 _
Urban—500,000 or more (omitted variable)
Size of SMSA:*
Outside SMS A
SMSA—1 million and over
Central city
Not in central city (omitted variable)
SMSA—under 1 million
Central city
Not in central city
Age and sex of household head:
Male under 25 years
25-29 years
_ _ _
30-44 years (omitted variable)
45-64 years
Male 65 and over and all females
Regression coefficient
Standard
error
3,0780
0.0922
0865
0719
0151
. 0136
Log regression i
(equation #3)
Region:
Northeast
North Central
South (omitted variable) _
West..-
3,196
1,971
3,110
2,540
4,720
2,980
Education of household head:
Under 8 years __ _
8-11 years
High school (omitted variable)
College, 1-3 years
College, 4 or more years
Occupation of household head:
Professional, managerial, etc (omitted
variable)
_
Craftsmen, operatives, clerical
Farmers
Other reported
Not reported
Total income in dollars
1.8925
1.6127
1,892
1,940
4,110
Size of place:
Rural nonfarm
Urban-less than 500,000
—
Urban—500,000 or more (omitted variable) _
1,514
1,777
1,130
2,190
-2,931
-2,300
2,785
3,340
-1,317
-1,282
-720
-460
12,839
1,961
3,196
1,971
592
534
.0134
1.0055
1,892
527
0334
.0637
.0473
.0456
. 0288
.1125
1,514
1,777
1,857
1,791
— 0771
.0150
1.5169
-2,931
590
.0923
.0452
.2403
2,785
1,776
—. 0230
- . 0135
.0166
.0146
.1110
.0497
-1,317
-1,282
652
572
-.0621
—.0296
.0266
. 0163
.3143
.1891
-2,357
-1,135
1,043
641
0108
.1385
.0141
.0264
.0338
1.5863
142
3,377
559
1,030
.0236
.0077
-35
926
.0144
.0321
.4371
.3976
1,942
-2,217
566
1,260
—.0693
.0236
.4950
-1,879
926
-.1395
—. 0552
.0197
.0133
2.9054
.9972
- 3 , 720
-2,131
764
519
.0165
.0374
.0165
.0153
.0578
. 3436
827
1,724
648
602
- . 0396
.0399
- . 0330
-.0344
.0131
.0959
.0170
.0178
.5236
.0100
.2166
.2163
-1,869
2,975
-1,420
-1,872
520
3,766
667
699
.2797
.0199
11.3819
. 4584
.0314
*SMSA—Standard Metropolitan Statistical Area.
Source: U.S. Department of Commerce, Office of Business Economics.
from 1/1,000 sample of the 1960 Census of Population and Housing.
Coeffici- Standard
ent
error
.0561
Marital status of household head:
.0086
Married 2 years or less
3-9 years (omitted variable)
10 years or more
. 0395
Other families and primary individuals. _ - . 0843
Race:
White (omitted variable) _
Nonwhite
_ _
Mean
square
Basic data are
Gross
difference,
average
house
value
Linear
regression
(equation #1)
Characteristic
Variable
1
SizeofSMSA:*
Outside SMSA
SMSA—1 million and over
Central city
Not in central city (omitted variable) _
SMSA—under 1 million
Central city
Not in central city
Age and sex of household head:
Male under 25 years
25-29 years
-_
30-44 years (omitted variable) __
45-64 years
Male 65 and over and all females.
-2.357
-1,135
142
3,377
-1.8
- 6 , 560
-3,46.0
350
5,300
-320
-3,420
Marital status of household head:
Married 2 years or less
3-9 years (omitted variable)
__.
10 years or more
Other families and primary individuals_.
-35
280
-1,870
1,942
-2,217
1,340
-2, 500
2,850
-1,830
Race:
White (omitted variable).
Nonwhite
-1,879
-2,030
-6,070
-3, 720
-2,131
-3,880
-1,690
-5,190
-2,370
827
1,724
550
1,270
1.970
4; 400
-1,869
2, 975
-1,420
-1,872
-1,260
-5,400
Education of household head:
Under 8 years
8-11 years..
_.
High school (omitted variable) _
College, 1-3 years
College, 4 or more years
Occupation of household head:
Professional, managerial, etc. (omitted variable).
Craftsmen, operatives, clerical
.
Farmers
Other reported
•__
Not reported
1,340
-1,020
-1,080
-4,940
-5,240
*S MS A—Standard Metropolitan Statistical Area.
1. The first column is taken directly from Appendix table 1. Figures in the second column
are derived from Appendix table 1; they are the linear equivalents of the relative changes
from the log mean. The third column is based on the cross-tabulations from the 1/1,000
sample of the 1960 Census of Population and Housing. (See table 2 in text.)
2. Data are not comparable.
Source: U.S. Department of Commerce, Office of Business Economics. Basic data are
from 1/1,000 sample of 1960 Census of Population and Housing.
SURVEY OF CURRENT BUSINESS
36
Appendix Table 3.—Regression Summary for Value of New Houses
Built 1959—First Quarter 1960
Equation #3A (log)
Equation #1A
(linear) (in
millions)
56.47988
27.38889
29.09099
79,848
36,396
43,452
.485
1,106
.456
1,106
August 1966
Appendix Table 4.—Influence of Selected Characteristics on
Variation in Average Value of New Houses Built 1959—First
Quarter 1960
[Values in dollars]
Income
Value of house
Total sum of squares
Due to regression
Deviations from regression.
R 2
_._
Degrees of freedom
9|
fa
Characteristic
Variable
Coefficient
Standard
error
14,276
1,967
1.7968
1.4334
3,017
1,907
581
525
. 0134
.8679
1,647
518
.0473
.0456
.0312
.1209
2,403
2,452
1,830
1,764
Regression
coefficient
Standard
error
4.1246
0.0509
.0837
.0676
.0150
.0136
.0519
.0348
Mean
square
If*
'o
Constant
Region:
Northeast
North Central
South (omitted variable) _
West
(A)
Size of place:
Rural nonfarm
Urban—Less than 500,000
Urban—500,000 or more (omitted variable)
Size of SMS A:*
Outside SMSA
SMSA—1 million and over
Central city
Not in central city (omitted variable).
SMSA—under 1 million
Central city
Not in central city
.
Age and sex of household head:
Male under 25 years
25-29 years
30-44 years (omitted variable) __
45-64 years
Male 65 and over and all females..
Marital status of household head:
Married 2 years or less
3-9 years (omitted variable)
10 years or more
Other families and primary individuals..
.0697
.0150
-2,509
1.2482
581
.0994
.0451
.2807
3,476
1,745
.0127
.0084
.0166
.0145
.0340
.0195
-835
-978
640
561
-. 0563
.0267
.0163
.2579
.2277
-1,860
-895
1,031
..0057
.1232
.0142
.0265
.0094
1.2534
147
3,616
547
1,024
.0075
.0235
.0060
-109
907
.0313
. 0782
.0145
.0323
"2718
1,500
-1,866
559
1,249
Average
(F)
CD)
7,875
16,574
Age and sex of household head
Male:
Under 25 years
25-29 years
30-44 years
45-64 years
65 and over, plus all
females
Marital status of household head
Husband-wife married:
0-2 years
3-9 years
10 years and over.
Other families and primary individuals
1,340
673
-349
-995
3,373
4,104 - 3 , 7 7 1
1,729
-948
994
5,747
6,728
9,172
-2,128
-1,147
1,297
975
526
-595
4,094 - 3 , 7 8 1
1,733
11,380 -5,194
14,480 -2,094
17,941
1,367
17,621
1,047
-3,854
-1,421
1,018
52
-2,361
-1,139
-4
138
107
14, 521 - 2 , 0 5 3
-324
70
351
655
13,330
15,200
18,047
-2,269
-848
878
79
Region
Northeast
North Central..
South
West
-2,924
-1,468
761
2,171
200
565
215
184
281
435
255
-3,244
-1,374
1,473
13,373 - 3 , 2 0 1 - 1 , 4 6 8 -3,165
4,951
6,407
10,046
2,336
596
-2,384
1,726
2,170
519
-1,874
1,062
1,790
565
-1,406
486
8,238
8,044
6,762
9,324
363
169
-1,113
1,449
-166
-77
510
-664
16,820
10, 750 -5,824
257
-4,371
75
-1,804
7,851
4,705
-24
-3,170
11
1,453
Under 8 years
5,448 -2,427
129 11,630 -4,944 -3,831 -3,092
6,516 -1,359
8-11 years
14,450 -2,124 - 1 , 501 - 1 , 503
8,084
16,820
High school
628
209
246
150
9,154
College, 1-3 years
145 18, 790 2,216
1,279
1,630
1,455
College, 4 or more years.. 207 21,220 4,646 3,492 2,352 10,392 2,517
1,113
623
-96
-586
-1,154
18,910
17,170
14,190
18,300
Race
White
Nonwhite.
1,109
46
Education of household
head
Race:
White (omitted variable).
Nonwhite
Education of household head:
Under 8 years
8-11 years
_
High school (omitted variable).
College, 1-3 years.
College, 4 or more years
Occupation of household head:
-.0762
.0235
.6081
. 1472
.0502
.0196
.0133
3.2726
.8310
.0044
.0285
.0165
.0154
-1,6
.0042
. 1994
909
-3,277
-1,733
757
512
392
1,155
638
594
Professional, managerial, etc. (omitted
variable)
Craftsmen, operatives, clerical
Farmers
Other reported
Not reported
.0132
.0963
.0170
.0179
.4146
.0087
.2724
-1,782
1,661
-1,205
-1,489
509
3,721
656
. 1136
.0734
.0024
.0213
.0194
1.8227
.6901
.0009
-2,486
-2,200
-282
783
821
751
.0505
.0721
.0477
.0964
.1398
.1897
.2345
.2660
.0194
.0204
.0228
.0204
.0246
.0311
.0431
.0400
.7236
.2543
1.2960
1.8741
2.1561
1. 7151
2.5605
1,370
2,366
1,849
3,775
6,517
9,628
13,492
15,554
749
788
880
788
950
1,202
1,665
1,547
.0353
.0373
-.0227
Income of household head:
Under $4,000
$4,000-$4,999
$5,000-$5,999
$6,000-$6,999 (omitted variable).
$7,000-$7,999
$8,000-$8,999
$10,000-$ll,999-_
$12,000-$14,999_.
$15,000-$19,999._
$20,000-$24,999$25,000 or more.
*SMSA—Standard Metropolitan Statistical Area.
Source: U.S. Department of Commerce, Office of Business Economics. Basic data are
from 1/1,000 sample of the 1960 Census of Population and Housing,
Occupation of household
head
Professional, managerial, etc
Craftsmen, operatives,
and clerical
Farmers
Other reported
Not reported
20, 534
529
22
174
31
15,132 —1,442
13,939 - 2 , 6 3 5
-983
15, 591
15,291 - 1 , 2 8 3
2,537
1,064
-1,109
-1,855
-466
-1,147
-805
4,039
-356
3,105
-1,423
7,148
-727
6,173 -1,702
6,748 -1,127
7,578
297
780
517
-136
10,980
Gross differences are based on cross-tabulation shown in table 2; net differences are based
on linear equation #1.
NOTE.—The mean value of all new houses combined (U.S. average) used to compute gross
differences from the U.S. average was somewhat lower than that used to compute net differences. This is traceable to the fact that of the 1,398 buyers of new houses, only 1,155 reported house value. In the cross-tabulation (on which the gross differences are based), all
1,398 households were used to derive the U.S. average; imputations were employed for those
households not reporting house value. In the correlation, only the 1,155 observations were
used. The 243 households that did not report value of house had incomes which averaged
lower than the 1,155 who did report; the inclusion of imputed values for the- former lowers the
average house value for the U.S. Since the comparisons are in terms of deviations from means
rather than in terms of the means, it is believed that the differences between the means introduces relatively little distortion.
Source: U.S. Department of Commerce, Office of Business Economics. Basic data are
from 1/1,000 sample of the 1960 Census of Population and Housing.
Appendix Table 5.—Data for First T i m e Series E q u a t i o n (Page 33)
Year
1947
1948
1949
1950
1951
1952_
1953
1954
1955
NOTE:
_ , _
Inc.
5,107
5,351
5,245
5,082
5,262
5,780
5,767
6,054
6,439
P
0.9679
.9672
.9621
.9867
.9797
.9702
.9804
.9849
.9957
CCF
0. 0514
.0531
.0504
.0484
.0433
.0481
.0528
.0517
.0533
VFHA
(actual)
10,606
11,406
11,291
10,716
11,914
12,876
11,984
12,326
13,377
Inc. =deflated "effective income" (in 1958 dollars) of FHA home buyers.
P=deflated price index for a standardized FHA house (1958=100).
10,750
11,220
11,200
10,750
11,680
12,650
12,130
12,870
13,560
Inc.
Year
VFHA
(calculated)
1956
1957
1958
1959
I960
1961
1962
1963
1964
-
.
-
6,901
7,279
7,230
7,224
7,370
7,438
7,352
7,532
7,563
P
1. 0116
1. 0174
1.0000
1.0099
1.0097
1.0087
1. 0172
1. 0311
1.0429
CCF
0. 0555
.0595
.0636
.0665
.0693
.0668
.0654
.0640
.0630
VFHA
(actual)
14,305
14,917
14,596
14,405
14,400
14,518
14,574
14,906
14,913
_ CCF=composite credit factor.
~VFHA=deflated value of FHA new one-family houses in 1958 dollars.
VFHA
(calculated)
14,320
14,800
14,550
14,210
14,340
14,690
14,510
14,870
14,900
CURRENT BUSINESS STATISTICS
JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
OF CURRENT BUSINESS.
1963 | 1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
II
Annual total
1964
1963
1965
| III
IV
1966
1965
i | n
I
II
IV
III
III
Seasonally adjusted quarterly totals at annual rates
| IV
I
II
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf
.
bil.!
590.5
631.7
681.2
584.2
594.7
605.8
616.8
627.7
637.9
644.2
660.8
672.9
686.5
704.4
721.2
'732.3
do_.
375.0
401.4
431.5
372.0
378.3
381.5
391.1
398.0
407.5
408.8
418.9
426.8
435.0
445.2
455.6
' 460.1
Durable goods, total9—
•-.-—.
Automobiles and parts..
Furniture and household equipment
do.
_do
do.
53.9
24.3
22.2
59.4
25.8
25.1
66.1
29.8
27.1
53.2
24.1
21.7
54.5
24.4
22.5
55.6
24.9
23.1
57.6
25.3
24.1
59.8
26.0
25.4
61.1
27.1
25.3
58.9
24.6
25.7
65.1
30.1
26.0
64.4
29.2
26.2
66.7
30.2
27.3
68.0
29.9
28.8
70.3
31.4
29.6
'67.1
'28.5
' 29. 2
Nondurable goods, total 9
Clothing and shoes
Food and beverages
do
do.
do.
168.6
30.6
88.2
13.5
178.9
33.6
92.8
14.1
190.6
35.9
98.4
15.1
168.0
30.3
88.3
13.3
169.9
31.4
88.3
13.5
169.6
30.7
88.6
13.7
174.9
32.8
90.7
13.9
176.5
32.7
92.1
13.9
181.7
34.3
93.9
14.2
182.4
34.4
94.4
14.4
184.5
34.6
95.4
14.4
189.4
35.6
97.8
15.2
191.4
36.0
98.7
15.3
197.0
37.5
101.6
15.7
201.9
39.4
103.3
15.8
' 205. 6
'39.7
' 104.8
'16.1
do_.
do_.
do_.
do_.
152.4
23.1
55.4
11.4
163.1
24.3
59.2
11.8
174.8
25.6
63.2
12.8
150.8
22.7
55.0
11.4
153.9
23.5
55.8
11.5
156.3
23.3
56.8
11.6
158.7
23.8
57.7
11.7
161.6
24.2
58.7
11.7
164.7
24.7
59.6
11.9
167.5
24.7
60.7
12.1
169.3
24.7
61.6
12.2
173.0
25.4
62.7
12.7
176.9
26.0
63.6
13.0
180.2
26.3
64.7
13.4
183.4
26.5
66.0
13.5
187.4
'27.1
67.1
13.9
do
87.1
93.0
106.6
85.1
88.0
92.9
90.2
91.8
92.5
97.4
103.8
103.7
106.7
111.9
114.5
• 118. 5
do
do
_do
._.do
do
do
do
do
81.3
54.3
19.5
34.8
27.0
26.4
5.9
5.1
88.3
60.7
21.0
39.7
27.6
27.0
4.7
5.3
97.5
69.7
24.9
44.8
27.8
27.2
9.1
8.1
80.3
53.5
19.7
33.8
26.8
26.2
4.8
4.3
82.0
55.0
19.4
35.5
27.1
26.5
6.0
5.3
84.7
56.8
19.9
36.8
28.0
27.4
8.1
7.0
86.6
58.1
20.3
37.9
28.5
27.9
3.5
3.6
87.6
59.7
20.9
38.8
27.9
27.3
4.2
5.1
88.9
61.7
21.0
40.7
27.2
26.6
3.6
4.6
90.0
63.3
21.8
41.4
26.7
26.2
7.4
7.9
94.4
66.7
23.6
43.1
27.7
27.2
9.5
9.4
96.0
67.9
24.6
43.3
28.1
27.5
7.6
6.7
98.0
70.2
24.4
45.8
27.8
27.3
8.7
7.2
101.5
73.9
26.8
47.1
27.6
27.0
10.4
9.0
105.6
77.0
28.5
48.5
28.6
28.0
8.9
8.5
r
____do_.
do_.
do_.
5.9
32.3
26.4
8.5
37.0
28.5
7.0
39.0
32.0
6.2
32.4
26.2
5.6
32.5
26.9
7.1
34.3
27.1
9.0
36.4
27.4
7.9
36.0
28.1
8.4
37.2
28.8
8.6
38.1
29.6
6.4
35.1
28.7
8.2
40.5
32.3
7.1
40.1
33.0
6.1
40.3
34.2
6.0
41.7
35.6
'4.7
'41.9
'37.3
Govt. purchases of goods and services, total..do__._
Federal
___do
National defense
___do
State and local
do
122.5
64.2
50.8
58.2
128.9
65.2
50.0
63.7
136.2
66.8
50.1
69.4
120.9
63.4
50.5
57.5
122.9
64.2
51.0
58.7
124.3
64.4
50.3
59.8
126.5
64.9
50.1
61.6
130.1
66.6
51.6
63.4
129.5
65.1
49.8
64.4
129.4
64.1
48.5
65.3
131.6
64.4
48.2
67.3
134.3
65.6
49.1
68.7
137.7
67.5
50.7
70.2
141.2
69.8
52.5
71.4
145.0
71.9
54.6
73.1
' 149.0
'74.0
'57.1
'75.0
By major type of product:!
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
Structures. __
__:
584.6
292. 7.
113.3
179.4
226.2
65.7
627.0
313.6
122.2
191.3
244.5
68.9
672.1
335.7
132.2
203.5
262.0
74.5
579.4
290.1
111.8
178.3
223.8
65.5
588.8
294.7
114.7
180.1
228.1
65.9
597.7
298.1
117.3
180.8
232.2
67.4
613.3
307.1
119.6
187.5
237.3
68.8
623.5
311.4
122.4
189.0
242.7
69.4
634.4
318.8
125.0
193.8
247.1
68.5
636.8
316.9
122.0
195.0
251.1
651.4
324.3
127.7
196.6
254.3
72.7
665.3
331.2
128.8
202.4
259.8
74.3
677.8
338.8
134.3
204.4
265.1
73.9
694.0
348.4
137.9
210.5
268.8
76.9
712.3
357.0
141.8
215.2
275.5
79.8
720.0
359.3
140.6
218.7
282.1
78.6
5.9
2.8
3.1
4.7
3.3
1.4
9.1
6.3
2.7
4.8
3.2
1.6
6.0
2.3
3.7
8.1
3.8
4.4
3.5
2.3
1.2
4.2
3.6
.5
3.6
2.8
7.4
4.4
2.9
9.5
7.4
2.1
7.6
6.4
1.2
8.7
6.7
2.1
10.4
4.7
5.7
8.9
5.8
3.1
'12.3
9.0
3.3
bil. $.
551.0
580.0
614.4
546.0
554.7
562.1
569.7
578.1
585.0
587.2
600.3
607.8
618.2
631.2
640.5
Personal consumption expenditures, total___.do____
353.3
373.8
396.2
350.9
356.1
357.7
365.7
371.0
379.5
378.9
387.1
392.2
406.5
412.8
412.2
68.5
185.8
157.9
Personal consumption expenditures, total
Gasoline and oil
-
__•
Services, total 9
Household operation
Housing
Transportation
___.do_
-
Gross private domestic investment, total
Fixed investment
Nonresidential...
__
Structures
Producers' durable equipment
Residential structures
Nonfarm...
_
Change in business inventories
Nonfarm
Net exports of goods and services
Exports
!___.,
Imports
_
.
do_.
do..
_____do_.
do..
do..
do_.
C hange in business inventories
Durable goods
Nondurable goods...
_
do
do
_._do
106,2
'78.2
' 27/9
50.3
'28.0
'27.4
'12.3
'12.1
GNP in constant (1958) dollars
Gross national product, total t
Durable goods._.
Nondurable goods
Services
__do
..do
do__._
53.7
162.2
137.4
59.1
170.5
144.2
66.4
178.2
151.6
do..
82.5
86.5
97.8
Fixed investment...,
:_
Nonresidential
Residential structures.
Change in business inventories
do
do
do
do
76.7
51.9
24.8
5.8
81.9
57.4
24.6
4.6
89.0
64.9
24.1
8.8
Net exports of goods and services
..do
5.6
8.5
6.3
Gross private domestic investment, total
54.4
163.3
138.4
55.3
162.4
140.0
57.2
167.2
141. 2
59.5
168.4
143.1
60.9
173.3
145.3
58.8
173.1
146.9
64.8
174.2
148.1
64.2
177.6
150.4
67.2
178.5
153.1
69.2
182.5
154.8
83.1
87.7
84.6
85.6
85.7
90.2
95.9
95.3
97.9
102,2
103.5
106.3
75.9
51.1
24.7
4.8
77.2
52.5
24.7
5.9
79.7
54.3
25.4
8.1
81.2
55.5
25.7
3.5
81.6
56.6
24.9
4.0
82.2
58.2
24.1
3.5
82.8
59.2
23.6
7.4
86.6
62.3
24.4
9.3
88.0
63.4
24.5
7.3
89.4
65.5
23.9
8.5
91.9
68.4
.23.5
10.2
95.0
70.8
24.3
8.5
94. 7
71.3
23.4
11.6
5.7
5.5
7.1
9.2
8.2
8.4
8.0
5.7
7.1
6.4
6.0
5.9
4.6
53.0
161.7
136.2
109.5
110.3
113.3
111.5
113.2
110.1
115.0
111.3
59.7
56.2
57.3
58.7
58.2
56.1
58.3
57.4
53.6
55.3
55.9
53.9
54.0
56.7
50.9
52.0
revisions prior to M a y 1965 for personal income appear on p . 18 ff.
the SURVEY.
9 Includes data not shown separately.
120.4
118.3
116.6
61.9
60.4
59.3
58.5
57,9
57.3
of the July 1966 issue of
s-1
643.5
72.2
184.1
156.5
Govt. purchases of goods and services, total .do. ._ 109.6
114.1
111.3
108.7
110.0
Federal
_ _ do
59.5
59.0
59.6
57.8
57.8
State and local
_.do
49.7
50.4
50.1
53.4
56.3
'Revised.
v Preliminary.
f Revised series. Estimates of national income and product and personal income have been revised (see p . 11 ff. of the July 1966 issue of the SURVEY);
225-221 O - 66 - 4.
P
U F <UUK1
S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1963
|
1964
| 1965
1964
1963
III
Annual total
August 1966
IV
I
II
1965
in
IV
I
II
1966
III
IV
I
II
ill
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT—Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income, totalf
_
bil. $.Compensation of employees, total
_do
Wages and salaries, total.-.
do
Private
_
.do
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income, total 9
do
Business and professional 9
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
_
—
- b i l . $._
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total
do
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries..
.do
Transportation, communication, and public
utilities
bil. $..
All other industries
do
Corporate profits before tax, total
do.
Corporate profits tax liability. _.
do.
Corporate profits after tax
__do_
Dividends.._
____do_
Undistributed profits..
do....
Inventory valuation adjustment
.do.
Net interest
_..do_
481.9
341.0
311.1
251.6
10.8
48.6
29.9
51.0
37.9
13.1
17.1
517.3
365.7
333.6
269.3
11.7
52.6
32.0
51.9
39.9
12.0
17.7
559. 0
392.9
358.4
289.1
12.1
57.1
34.5
55.7
40.7
15.1
18.3
485.7
343.1
313.0
253.4
10.7
48.9
30.1
51.1
38.1
13.0
17.1
493.9
349.2
318.5
257.1
11.6
49.8
30.8
51.4
38.5
12.9
17.2
504.0
355.3
324.4
261.8
11.6
51.0
31.0
51.3
39.1
12.2
17.4
513.7
362.2
330.6
267.1
11.6
51.9
31.7
52.2
39.9
12.2
17.6
522.9
369.8
337.4
272.3
11.7
53.4
32.4
51.9
40.3
11.7
17.8
58.9
66.6
74.2
60.3
61.4
65.3
66.5
7.8
51.2
28.8
13.0
15.8
8.4
58.2
32.4
14.5
17.9
7.7
7.9
8.0
8.5
65.3
37.8
15.7
22.1
52.6
29.9
13.3
16.6
53.5
30.2
13.4
16.8
57.3
32.1
14.1
18.1
58.1
32.4
14.6
17.7
59.3
33.0
14.6
18.4
9.5
12.9
59.4
26.3
33.1
16.5
16.6
-.5
13.8
10.4
15.4
67.0
28.4
38.7
17.3
21.3
-.4
15.5
11.1
16.4
75.7
31.2
44.5
19.2
25.3
-1.5
17.8
9.8
9.8
12.8
60.1
26.6
33.5
16.6
16.9
13.5
62.7
27.8
34.9
16.8
18.1
-1.3
14.7
10.1
15.0
65.8
27.9
38.0
17.1
20.9
10.2
15.5
66.8
28.3
38.5
17.3
21.3
10.6
15.7
67.8
28.7
39.1
17.4
21.7
14.7
15.1
15.7
484.0
60.7
423.4
401.4
22.0
492.0
56.9
435.1
408.5
26.6
9.40
3.79
1.93
1.87
1.18
.2
14.2
528.5
375.3
342.2
275.9
11.9
54.3
33.1
52.2
40.3
11.9
17.9
543.3
381.7
348.2
281.2
11.8
55.2
33.5
53.3
40.5
12.9
18.1
552.2
387.8
353.7
285.8
11.7
56.3
34.1
55.9
40.4
15.5
18. 3
562.7
395.6
360.8
291.1
12.0
57.7
34.8
56.7
40.7
16.0
18.4
577.8
406.5
370.8
298.5
13.0
59.3
35.7
57.1
41.1
16.0
18.5
595.7
419.6
380.0
305.9
13.6
60.4
39.6
58.4
41.4
17.0
18.7
P604.3
'427.9
'387.4
'311.5
14.1
61.8
40.5
57.9
41.6
16.3
18.8
67.8
73.2
72. 7
74.0
76.9
80.0
P80.0
8.4
58.1
32.2
14.7
17.5
8.5
64.6
37.4
15.5
21.9
8.7
64.0
36. 7
15.5
21.2
8.9
65.0
37.4
15.5
21.9
9.5
67.5
39.6
16.4
23.2
9.4
70.6
41.9
17.2
24.7
10.5
15.5
67.7
28.6
39.0
17.7
21.4
-.9
16.3
10.7
16.5
74.5
30.7
43.8
18.1
25.7
-1.3
16.9
10.9
16.4
74.5
30.7
43.8
18.8
25.0
-1.8
17.5
11.2
16.4
75.0
30.9
44.1
19.5
24.6
-1.0
18.1
11.5
16.4
78.7
32.4
46.3
20.2
26.1
-1.8
18.7
11.3
17.4
82.7
34.1
48.7
20.9
27.8
-2.8
19.1
21.1
P27. 7
'—2.9
19.6
500.3
59.1
441.2
418.4
22.8
507.5
60.9
446.6
420.0
518.0
64.9
453.2
430.3
22.8
527.6
66.6
461.0
438.6
22.4
541.9
65.7
476.2
447.1
29.0
552.8
66.7
486.1
457. 6
28.5
564.6
69.5
495.1
468.4
26.7
'573.5
73.6
'499.9
'473.3
'26.6
11.11
4.53
2.30
2.23
11.54
4.67
2.37
2.30
2.37
1.58
1.10
2.61
1.71
1. 06
2.84
12.84
5.59
2.83
2.76
.33
.35
.64
1.76
1.17
3.01
10. 79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59
12.81
5.47
2.76
2. 70
.33
.44
.77
1.71
1.24
2.85
13.41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10
14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25
12.77 i 15.17
5.61
6.74
2.87
3.44
2.74
3.30
.33
.36
.40
.51
.75
.97
1.60
1.97
1.26
2.83 3 4.62
42.55
17.40
8.85
8.55
1.15
1.40
2.30
5.95
4.05
10.25
43.50
17.80
9.00
8.80
1.15
1.25
2.25
6.30
4.30
10.45
45.65
18.85
9.60
9.20
1.20
1.50
2.40
6.30
4.40
11.00
47.75
20.15
10.15
10.00
1.30
1.55
2.60
6.35
4.40
11. 40
49.00
20.75
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30
50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11. 60
52.75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95
55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25
58.00 i 59.60
26.60
25.60
13.55
13.15
13.05
12.45
1.40
1.40
1.85
1.75
3.40
3.30
7.80
8.25
5.35
12.35 3 18.50
9,112
6,156
9,001
6,092
9,308
6,389
9,537
6,660
201
1,253
1,423
8,776 10,136 10, 016
6,798
5,625
229
199
200
1,616
1,470
1,561
1,493
1,521
1,390
-7,164 -8,087 - 8 , 2 4 5
-4,656 -5,481 - 5 , 5 9 5
-701
-664
-745
-404
-373
-411
-1,494
-1,471
-1,501
-662
-719
10,065
7,027
216
1,254
1,568
-8,540
-5,756
-771
-458
-1,555
P10,416
p 7,121
*>194
P 1,532
p 1, 569
p-8,908
p-6,003 P - 6 , 2 6 4
p-837
-.5
-.3
.0
P82.9
P34.2
P48.7
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
475.8
467.8
535.1
465.5
496.0
Personal income, total...
_
bil. $ „
66.0
60.9
59.4
60.9
61.7
Less: Personal tax and nontax payments
do.
469.1
436.6
406.9
414.1
404.6
Equals: Disposable personal income
..._do
443.4
388.1
391.6
412.1
384.7
Less: Personal outlays©.
__._do
25.7
24.5
18.8
22.5
19.9
Equals: Personal saving§
.do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
11.09
10.14
51.96
44.90
39.22
All industries
bil.
22.45
3.95
4.56
18.58
15.69
Manufacturing.
__do
11.40
9.43
7.85
1.96
2.31
Durable goods industries
do
11.05
1.99
2.25
9.16
7.84
Nondurable goods industries_..__
do
.28
.27
1.30
1.19
1.04
Mining
__do.
.33
.29
1.73
1.41
1.10
Railroad
do.___
.54
.45
2.81
2.38
1.92
Transportation, other than rail
do
6.94
6.22
5.65
1.61
1.60
Public utilities
_
__.____do___.
.93
4.94
4.30
3.79
1.06
Communication
_
_
do
11.79
10.83
10.03
2.72
2.64
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
41.20
40.00
All industries
_
do....
15.95
16.45
Manufacturing.
do
8.00
8.30
Durable goods industries
do
8.00
8.15
Nondurable goods industries.
.do....
1.05
1.05
Mining
do.__.
1.20
1.35
Railroad.
do....
1.85
2.10
Transportation, other than rail
do
5.90
5.80
Public utilities
do___.
3.85
4.05
Communication
_
._
do
10.20
10.45
Commercial and other___
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTS^1
Quarterly Data Are Seasonally Adjusted
(Credits + ; debits - )
Exports of goods and services (excl. transfers under
8,564
8,135
military grants)
mil. $_„ 32,339
36,958
5,633
5,949
Merchandise, adjusted, excl. military
do____ 22,071
25,297 26,276
145
103
Military sales
.
_do____
657
747
844
1,148
1,183
Income on U.S. investments abroad
do_ 4,654
5,392 5,901
1,251
1,287
Other services
_
do
4,957
5,522
5,972
Imports of goods and services. _
do
-26,442 -28,468 -32,036 -6,728 -6,784
Merchandise, adjusted, excl. military
do_.__ -16,992 -18,621 -21,488 -4,344 -4,372
-719
-719
Military expenditures
.
do__._ -2,936 -2,834 -2,881
-322
-352
Income on foreign investments in the U.S._do
-1,271 -1,404 -1,646
Other services...
do___. -5,243 -5,609 -6,021 -1,343 -1,341
Unilateral transfers, net (excl. military grants);
-702
-727
transfers to foreigners ( - )
___________mil. $_. -2,784 -2,765 -2,794
Transactions in U.S. private assets, net; increase
-670 -1,106
(-)_
mil. $.. -4,456 -6,523
Transactions in U.S. Govt. assets, excl. official
-486
-94
reserve assets; increase ( - )
mil. $__ -1,664 -1,674 -1,575
Transactions in U.S. official reserve assets, net;
-5
227
increase ( - )
mil. $__
378
171 1,222
Transactions in foreign assets in the U.S., net (U.S.
358
109
liabilities); increase (+)
mil. $ _ 2,981
3,312
309
143
-27
Liquid assets
.
do____
2,292
2,627
133
215
136
Other assets
do
689
685
176
161
-252
Unrecorded transactions
do
-352 -1,011
-429
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
-138
-200
all foreigners; decrease ( - )
mil. $__ -2,670 -2,798 -1,355
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
-92
0
official agencies; decrease ( - )
mil. $. ~% 044 - l , 546 -1,302
••Revised.
p
Preliminary.
1
Estimates for Apr.-June 1966 based on anticipated capital expenditures of business.
2
Estimates for July-Sept. 1966 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1966 are as follows (in bil. $): All industries, 60.78; manufacturing, total, 27.02: durable goods industries, 13.78; nondurable goods industries, 13.24;
mining, 1.42; railroad, 2.05; transportation, 3.49; public utilities, 7.99; commercial and other
(incl. communication), 18.80.
3 Includes communication.
.26
.32
.51
.97
198
.29
.36
.63
186
.30
.37
.59
162
1,369
1,368
1,402
1,354
1,389
1,356
-6,850 - 7 , 032 -7,196 - 7 , 3 9 0
-4,389 -4,579 -4,752 - 4 , 9 0 1
-683
-725
-686
-740
-372
-344
349
-339
-1,382 -1,384 -1,409 - 1 , 4 3 4
-683
-717
-694
-671
-1,360 -1,385 -1,589 - 2 , 1 8 9
-645
p-S5S
-827
-912
p—
-768
-1,605
-346
P-435
P-1,633
-291
-350
-415
-618
-367
-268
-471
p-336
-51
303
70
-151
842
41
271
P424
419
299
120
332
249
83
-296
-152
719
547
172
-203
1,842
1,532
310
-360
180
-145
325
0
-425
-294
-131
-109
242
493
-251
-240
312
79
233
-80
P-228
-248
-552
-617 - 1 / 3 8 1
-697
226
-534
-350
p-563 p-163
-1,158
-326
-231
-144
-845
-618
fSee corresponding note on p. S-l.
9 Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer payments to foreigners.
§Personal saving is excess of disposable income over personal outlays.
cTMore complete details are given in the quarterly reviews in the Mar., June, Sept., and
Dec. issues of the SURVEY.
SURVEY OF CURRENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965 v
Annual
S-3
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May-
June
July p
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates: t
Total personal income
496.0
535.1
532.2
535.4
537.8
1541.8
552.5
547.2
553.2
558.2
560. 2
564.7
569.0
570. 5
573.0
' 577.2
579.7
333.6
134.0
107.2
81.2
358.4
144.3
115.5
86.7
356.1
143.8
114.9
86.3
358.3
144.0
115.6
86.8
360.6
145.0
116.3
87.1
363.5
145.2
116.5
87.6
366.9
146.9
117.9
88.4
371.4
149.2
119.6
89.2
374.1
150.7
120.3
89.7
376.8
152.1
121.8
90.1
380.1
153.9
123.3
90.9
382.9
155.4
124.0
91.4
384.7
156.0
125.2
91.5
387.0
156.8
125.9
91.9
'390.5
' 158.1
'127.0
' 92.8
393.3
158.2
127.1
do_.
do_.
do_.
54.1
64.3
16.6
58.1
69.2
18.5
57.7
68.3
18.4
58.6
68.8
18.6
59.1
69.5
18.8
70.9
19.0
60.0
71.6
19.2
60.6
72.4
19.4
60.9
72.9
19.6
61.1
73.6
19.8
61.2
74.1
20.0
61.7
74.5
20.2
62.0
75.2
20.4
62.5
75.9
20.6
'63.0
76.6
20.7
63.8
78.0
20.9
_do_.
—do_.
39.9
12.0
40.7
15.1
40.4
16.9
40.7
16.3
40.6
15.9
40.7
15.9
40.8
15.8
41.1
16.0
41.3
16.2
41.3
16.8
41.3
17.0
41.5
17.3
41.5
16.7
41.6
16.3
41.7
15.9
41.8
15.6
17.7
17.3
34.6
36.8
18.3
19.2
38.4
39.7
18.3
19.3
38.4
37.5
18.4
19.3
38.7
38.4
18.4
19.5
38.9
38.3
18.5
19.8
18.5
20.0
39.4
18.6
20.2
39.7
40.3
18.6
20.5
40.0
41.4
18.6
20.8
40.5
42.3
18.7
21.0
41.0
42.6
18.7
20.9
41.4
42.9
18.7
21.0
41.8
42.6
18.8
21.2
42.1
42.5
18.8
'21.1
'42.3
'43.2
18.9
21.1
42.6
43.5
12. 5
13.2
13.2
13.2
13.2
16.8
479.7
515.6
510.8
514.6
517.6
bil. $.
Wage and salary disbursements, total
do
Commodity-producing industries, total-do._
Manufacturing
__do__
Distributive industries.do_—
Service industries...
Government
Other labor income
Proprietors' income:
Business and professional
Farm
Rental income of persons
. . . .do. _ _.
Dividends
do
Personal interest income
.
.
do
Transfer payments
....do
Less personal contributions for social insurance
bil. $..
Total nonagricultural income
do___.
39.2
J49.2
13.2
1 532.3
13.3
13.5
13.6
526.9
532.6
537. 2
16.9
16.9
17.0
17.1
17.2
17.9
543.0
547.0
549.1
551.9
' 556.5
559.4
P2, 800
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments (48 States), total X
mil.$_.
39,115
41,639
2,918
3,040
3,840
4,504
5,343
4,578
3,836
P 3, 695
"3,010
3,143
P 2, 883
36, 946
17,136
19,810
5,022
11,126
3,333
39,187
17,334
21,853
5,070
12,943
3, 527
2,892
1,098
1,794
427
1,061
279
2,934
1,201
1,733
409
1,017
291
3,200
1,292
1,908
401
1,174
318
3,886
1,897
1,989
401
1,241
332
5,003
2,924
2,079
420
1,296
4, 494
2,428
2,066
414
1,293
346
3,782
1, 775
2,007
443
1,203
338
3,629
1,698
1,931
428
1,172
295
2,843
959
1,884
408
1,150
2,969
810
2,159
463
1,329
331
2,764
765
1,999
460
1,189
308
115
124
107
122
126
118
108
96
116
109
105
113
119
113
124
145
165
129
167
212
134
141
155
130
p 135
148
125
p 106
84
122
P
255
135
110
71
140
67
130
"103
65
131
P116
98
129
118
118
118
119
120
118
105
91
116
109
107
110
116
111
120
140
161
125
184
254
131
167
219
128
134
157
118
152
110
104
94
61
119
"87
48
115
>.9O
50
119
"107
89
115
132.3
143.3
145.2
139.3
143.2
145.9
149.9
148.1
146.6
148.3
152.0
154.6
'154.6
' 156.1
' 159.3
151.9
133.1
133.5
132.6
111.3
151.3
144.9
148.4
140.7
114.4
161.0
147.2
151.7
141.5
115.9
140.3
144.9
134.6
112.3
143.9
143.3
144.7
118.2
147.5
148.3
146.5
114.2
152.3
154.6
149.4
118.4
150. 5
154.5
145.5
117.2
148.3
155.4
139.3
117.4
149.9
156.3
141.9
115.6
154.1
160.2
146.5
116.9
157.1
163.9
148.5
118.7
• 157.8 159.0
• 164.9 '166.2
148.9
149.9
115.6 ' 121.9
•162.1
' 169.0
' 153.5
•122.8
153.4
159.3
146.0
118.8
131.8
131.7
142.8
128.1
132.0
142.4
140. 2
159. 9
134.0
146.9
143.2
141.6
165.8
133.9
146.8
138.3
135.2
147.0
131.4
144.9
141.1
138.9
129.6
141.8
145.9
145.7
143.8
148.4
142.3
149.7
151.4
150.1
174.9
142.2
154.2
148.7
145. 2
173.4
136.2
156.1
146. 4
140.0
168.7
130.9
160.3
148.5
142.2
167.4
134.1
162.1
151.6
145.6
170.7
137.6
164.6
153.2
146.4
172.5
138.1
167.8
' 152.3
' 145.0
'172.8
136.2
167.9
' 152.9 '157.3
144.8 '149.4
' 169.5 '172.3
136.9
174.3
170.3
150.4
139.8
142
do..
do..
do..
132.8
131.2
134.3
144.1
144.2
144.0
147.0
149.5
144.5
140.3
142.9
137.5
145.1
144.5
145.7
146.2
146.6
145.8
148.6
147.6
149.7
147.6
145.4
149.9
146.8
145.9
147.7
148.1
147.4
148.7
152.4
151.7
153.1
155.7
155.8
155.6
156.7
' 158. 5
'154.9
• 159.0
160.5
161.0
162.6
159.3
153.2
154
do_.
132.3
143.3
142.7
144.2
144.5
143.5
145.1
146.4
148.7
150.2
151.9
153.4
' 153.8
....do..
133.1
144.9
144.1
145.7
146.0
145.2
146.7
143. 2
150.6
152.4
154.1
155.6
'156.5
Durable manufactures 9
__
__do_.
Primary metals
—
do..
Iron and steel.—do_.
Nonferrous metals and products
do..
Fabricated metal products.
do..
Structural metal p a r t s —
do..
133.5
129.1
126.5
138.3
132.7
130.3
148.4
137.5
133.6
152.1
147.8
145.4
148.1
143.0
143.3
146.1
146.4
144.3
150.0
148.7
152.1
138.4
148.0
145.5
150.5
146.5
143.3
149.0
147.5
145.0
148.2
131.2
125.0
152.3
147.0
144.7
150.3
123.7
115.8
155.0
150.9
148.2
151.3
119.4
110.5
158.8
153. 6
152.6
155.0
126.5
118.2
162.1
156.3
154. 0
157.6
130.8
122.9
159.1
157.0
154.2
159.7
133.6
128.7
164.0
160.7
158.9
161.7
141.4
136.1
168.4
161.4
158.9
_do_.
.do..
do..
-do..
do..
do_.
141.4
142.1
140.6
130.7
150.1
112.4
160.4
160.3
160.6
149.2
175.2
125.3
159.0
159.4
158.4
149.5
178.0
123.3
160.6
161.7
159.2
149.8
177.4
124.1
161.4
162.4
160.1
151.5
177.5
127.3
162.3
162.4
162.1
149.4
175.2
125.6
166. 0
165.8
166.2
155.0
177.1
134.4
167. 5
166. 9
168.4
157.3
178.0
138.0
170.7
169.2
172. 8
160.7
179.2
143.4
174.3
171.9
177.6
163.1
176.7
150.1
176.7
174.4
179.8
163.2
175.5
151.6
do.
do.
do.
do.
do.
136.4
126.0
112.6
143.4
133.4
151.4
133.5
117.4
li 4
* ,0
149.8
131.6
112.8
156.8
143.6
152.1
132.6
115.4
155.8
143.5
152.6
133.5
117.2
156.3
146.6
155.7
133.8
116.2
156.8
147.1
158.0
134.4
118.3
159.7
150.4
159.0
135.5
119.1
162.6
153.0
162.2
137.6
125.4
164.3
155.5
166.0
139.4
125.6
165.4
151.2
169.4
141.4
126.5
166.8
155.3
Farm marketings and CCC loans, total_...do
Crops
____do
Livestock and products, total 9
do. _ _.
Dairy products
do
Meat animals.
_do___.
Poultry and eggs
do___.
Indexes of cash receipts from marketings and CCC
loans, unadjusted\%
All commodities
1957-59=100..
Crops
do
Livestock and products.. _
do. _ _.
Indexes of volume of farm marketings, unadjusted:?
All commodities.—1957-59=100..
Crops
...
do....
Livestock and products
do
P
P
2,760 "3,120
747 1,129
1,991
2,013
486
469
1,186
1,177
299
315
INDUSTRIAL PRODUCTION
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities).-.1957-59 =100By industry grou;
do..
Durable manufactures.
__._
do
Nondurable manufacturesdo
Mining
do
Utilities
do—
By market groupings:
Final products, total
___.
do_.
Consumer goods
_____do_.
Automotive and home goods.
do_.
Apparel and staples
.....do..
Equipment, including defense..
do_
Materials
Durable goods materials
Nondurable materials..
Seas, adj., total index (incl. utilities)
By industry groupings:
Manufacturing, total
Machinery
Nonelectrical machinery
Electrical machinery
.___
Transportation equipment9.-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
140.4
140.4
Nondurable manufactures
do_
132.6
1-.0.7 139.0
134.8
Textile mill products
_do
133.8
122.9
134.8 132.2
141.9
Apparel products—..
_do__._
143.8
134.1
145.4
145.0
107.0
Leather and products—
do
102.6
105.1
107.7
107.8
141.1
133.4
139.4
Paper and products.
.
_.do.
142.1
142.3
'Revised.
" Preliminary.
1 Italicized total excludes and other footnoted figures include retroactive lump-sum payment of social security benefits; disbursements of $885 million put on annual rate basis
amounted to $10.6 billion.
t See corresponding note on p. S-l.
% Revised series. Dollar
' 157. 5
• 155.2
• 156.2
173.3
152
157.5
'162.8
'142.3
137.0
' 166.9
' 161.4
159.1
158.5
• 157. 5
• 164.2 165.2
• 146.8 146.2
' 141.1 • 141.6
• 166.4 165.9
• 163.0 • 162.4
• 158. 4 • 158.8
166.5
152
146
164
158
176.0
174.0
178.8
165.8
178.1
154.3
178.4
174.5
183.6
166.0
176.8
156.4
180.7 •182.8
180.0
'177.8
186.5
' 184. 5
• 165.9 167.0
• 170. 5 169.3
164.7
161.9
185
183
188
165
160
169
171.9
143.0
129.3
174.6
'142.0
130.7
169.6
156.4
176.4 176.5
140. 5 141.6
122.7 122.5
172. 0 • 172.6
159.3
157.9
176
141
156.8
•
•
•
•
159.8
172
157
151.4
147.9 ' 148.5 ' 149.1 150.2
144.2
145.1
146.0
147.0
142.1
141.3
140.7 '141.7 • 142.1 143.7
140.1
140.7
137.7
139. 4
140.3
135.7
147.3 ' 149.7
148.0
146.9
148.3
145.7
147. 2
148.5
143.8
111.4 ' 114. 7
112.0
111.7
110.1
109.3
110.1
113.9
108.2
150.2
150.2 ' 153.1
148.4
148.5
143. 6
153. 6
147.4
147.7
143.9
figures and indexes of cash receipts and volume of marketings revised beginning 1963; data
prior to May 1965 appear in the Dept. of Agriculture publication, Farm Income Situation,
July 1966.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965 *
June
Annual
August 1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
144.1
135.4
193.0
July*
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION—Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes—Continued
By industry groupings—Continued
Nondurable manufactures—Continued
Printing and publishing. _ - _ _ 1957-59=100Newspapers
do._.
Chemicals and products
do.__
Industrial chemicals
do...
Petroleum products
___do___
123.3
117.0
159.6
178.4
121.0
130.3
124.2
173.3
196.1
123.4
130.0
124.7
169.9
192.9
121.8
126.2
172.8
194.9
124.5
133.0
129.7
174.2
195.7
125.8
129.3
120.1
176.6
199.9
125.1
131.1
125.1
177.1
200.9
124.0
133.2
127.2
178.5
202.9
126.1
134.2
129.5
180.6
206.3
127.8
135.7
130.2
181.9
206.3
130.5
138.2
130.4
184.3
209.4
125.5
139.0
130.7
186.2
212.2
125.6
138.4
127.7
• 188.1
• 214. 9
• 127.7
142.1
133.8
190. 5
216.6
127. 4
do__.
do...
_.do_-_
do___
_do.-_
156.3
120.8
120.1
124.4
120.8
172.2
123.3
122.4
128.4
120.5
169.1
122.3
121.2
128.5
121.8
170.2
123.1
122.6
125.9
119.9
168.1
122.4
121.9
125.0
120.7
171.2
123.2
121.8
131.0
120.6
175.5
123.6
122.1
131.8
114.5
181.6
125.0
123.5
133.0
118.9
181.3
125.3
123.6
134.3
117.1
184.6
126.0
124.6
133.2
119.6
183.3
127.0
125.5
135.1
126.7
185.7
127.7
125.7
138.3
126.8
• 188. 2
127.5
126.0
135.6
115.8
186.7
• 126. 2
124. 4
135.9
117.9
126.4
125.5
do..
do_.
do_.
do..
do_.
do.
111.3
107.1
110.4
109.9
117.4
118.7
114.4
111.8
112.3
111.8
122.6
126.5
115.3
117.1
112.5
112.2
123.7
125.8
116.0
117.1
113.0
112.1
126.4
127.3
117.0
115.2
114.2
113.4
130.2
129.1
112.6
106.7
110.6
108.5
122.4
127.4
115.8
116.8
114.0
114.0
116.5
125. 5
116.0
115.7
113.8
114.5
114.2
133.2
117.9
118.5
114.5
116.0
120.6
138.2
117.2
114.4
113.4
114.1
133.4
135.5
117.7
111.2
115.0
115.1
130.8
135.6
120.2
117.7
116.7
117.0
134.5
137.1
115.8
85.3
117.2
117.2
' 140. 0
130.9
121.4
116.9
119. 3
121.3
• 140. 7
127.5
122.6
120. 7
119. 7
121.9
139.0
133.3
-..do.
do.
do.
151.3
153.9
143.4
161.0
165.5
147.0
161.9
167.1
145.6
161. 2
165. 8
146.8
161.6
166.2
147.2
165.3
170.9
147.7
165.8
171.3
148.5
165.3
170.5
148.9
165.7
170.9
149.3
164.9
169.7
168.8
174.2
' 168. 6
173.6
• 170. 0
175.3
171. 0
174.7
131.8
131.7
142.8
142.4
140.2
159.9
140.7
138.7
158. 2
141.7
139.3
158.1
142.3
139.5
158.1
143.3
140.7
158.5
145.7
141.7
161.7
147.4
142.8
163.0
148.8
144.1
166.7
149.5
144.1
166.9
151.4
145.5
166.8
152.4
146.0
167.6
152.8
• 146. 2
• 168. 4
153. 4
145.8
166.1
154.7
146.4
165. 6
Automotive products
do
Autos....
.
do
Auto parts and allied products...do
Home goods 9
do
Appliances, TV, and radios
do
Furniture and rugs
do
145.1
150.6
138.0
141.1
137.1
142.4
167.1
182. 6
146.8
154.7
152.4
154.2
168.1
187.1
143.0
151.3
148.8
153.5
167.8
184.6
145.8
151.2
146.5
154.0
184.3
150.7
149.8
145.2
152.3
166.5
178.1
151.2
153.0
149.1
152.0
168.6
181.1
152.0
156.9
154.0
154.9
182. 5
150.8
159.0
155.2
157.4
169.4
182.4
152.4
164.8
161.3
161.0
168.5
180.3
153.1
165.7
165.0
163.3
167.6
177.8
154.3
166. 2
162.7
164.0
171.6
183.8
155.5
164.1
155.7
165.5
168.8
' 180. 6
153.3
• 168. 2
167.5
166.3
161.1
167. 5
152. 7
169. 5
166. 2
169.1
' 161. 0
• 167.8
152.1
168.8
165.5
170.1
Apparel and staples
do
Apparel, incl. knit goods and shoes._do
Consumer staples
do
Processed foods
...do
128.1
124.2
129.3
119.9
134.0
134.3
133.9
122.2
132.8
133.2
132.7
120.7
133.7
132.2
134.1
122.4
133.6
131.9
134.1
121.6
135.0
134.0
135.3
121.6
135.4
135.1
135.4
122.2
136.4
136.5
136.4
123.1
137. 0
138. 5
136.5
123.1
136.8
136.4
136.9
123.7
138.7
138.0
138.9
124.6
139.3
138.9
139.4
125.2
139.1
• 140. 3
138.7
125.1
139. 3
138. 6
139. 5
123.9
140.4
125.2
do.
do.
do.
do..
123.2
146.9
123.7
142. 3
125.7
157.0
127.1
149.8
126.2
152.9
125.6
150.6
123.9
157.0
128.0
151.2
123.6
160.1
128.0
150.6
127.5
161.3
126.1
154.2
126.0
159.2
126.3
156.0
128.2
161.2
127.6
155.2
128.5
162.7
129.6
153.9
128.6
164.0
132.0
151.9
132.3
166.0
134.0
155.8
134.4
165.9
136.5
154.6
128.9
167.3
135. 7,
• 154.1
129.8
171.6
137. 6
156.0
Equipment, including defense 9
do..
Business equipment
do..
Industrial equipment
do..
Commercial equipment
.do..
Freight and passenger equipment--do..
Farm equipment
do..
132.0
139.1
137.0
145.3
141.0
133.1
146.9
156.6
153.1
164.4
162.4
148.1
144.9
154.6
151.9
164.1
157.8
143.7
147.0
156.4
155.1
165.2
155.0
145.3
148.4
157.8
153.8
165. 2
163.6
157.1
149.0
159.0
155.3
166.4
164.2
155.4
154.3
164.3
159.4
169. 7
178.7
155.7
157.3
167.2
162.0
172.7
180.4
165.8
158.8
168.9
162.4
174.5
188.0
163.9
161.3
170.5
162.6
177.5
194.9
161.2
164.1
173.2
166.1
178.6
198.9
158.0
166.2
175.4
167.4
184.2
198.9
163.0
166.9
175.9
167.3
186.4
201.3
157.6
169.9
178. 4
r 168. 5
r 190. 1
204. 9
166.1
• 172. 5
181.2
173.0
191. 0
205.4
do..
do_.
do_.
do_.
do_.
132.8
131.2
145.8
134.4
124.5
144.1
144.2
166.8
151.9
133. 8
144.5
146.1
169.9
150.0
131.3
146.4
148.4
171.8
153.3
132.7
146.1
147.3
167.9
154.7
134.6
143.7
142.8
165.4
154.2
134.5
144.3
142.2
167.0
158.4
135.3
145.6
143.0
168.2
160.0
137.2
148.7
146.7
168.3
163.2
138.8
150.4
150.1
170.0
165.8
142.9
152.0
152.0
173.6
170.0
143.6
154.3
155.6
169.1
171.9
146.3
154.6
156.9
169.0
173.6
144.9
156. 6
156.6
r 164. 4
r 177. 1
r 141. 0
• 157. 9
• 157. 9
165.2
179.1
141.5
do..
do..
do_.
do..
134.3
127.4
127.9
127.1
144.0
136.5
136.6
136.5
143.4
134.8
132.0
136.2
145.0
137.6
136.1
138.3
144.8
135.1
132.1
136.6
144.5
135.9
134.4
136.7
146.4
136.8
136.6
136.9
148.1
140.3
144.9
138.0
150.7
143.4
146.9
141.7
150.6
143.4
142.3
144.0
152.0
144.5
144.6
144.4
153.1
146.0
145.9
146.1
' 152.3
146.0
r
143. 9
' 147.1
'
r
r
r
' 158.0
150.5
144.0
153.7
do._.
..-do...
do. _ _
122.6
112.2
149.6
127.6
115.2
159.2
129.9
116.9
162.4
128.9
117.0
158.8
129.2
117.2
160.1
126.3
112.1
161.5
129.7
117.9
160.9
129.9
117.8
161.7
131.7
119.5
163.8
130.6
117.4
164.9
131.7
118.0
166.9
134.0
120.5
168.7
' 130. 9 r 136. 7
115.1 r 123. 9
170.5
r 170. 3
84, 669
84, 744
86, 991
85, 455
•85, 425
86,820
39,943
20,652
19,291
41,452 40,518 40,173
21,820 21,191 20,924
19, 632 19,327 19,249
40, 548
21,146
19,402
41,403
21,606
19,797
42,622
22,316
20,306
42,665
22, 307
20, 358
42, 702
22, 433
44,121
23,238
20,883
43,540
22,708
20,832
•44,071
•22,915
'21,156
44,000
22,839
21,161
24, 647 24,816
8,092 8,252
16,555 16,564
25, 023
8,324
16, 699
25, 263 25, 536
8,399
8,649
16,864 16,887
24,949
7,939
17,010
•24,475
r7,506
16,969
25,359
8,000
17, 359
16,981
7, 563
9,418
16,779
7,538
9,241
16,966
7,718
9,248
•16,879
r 7, 601
r 9,279
17, 461
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
_
Mining.
Coal
Crude oil and natural g a s . . .
Crude oil
Metal mining
Stone and earth minerals
Utilities.__
Electric
Gas...
By market groupings:
Final products, total
Consumer goods
Automotive and home goods
do
.do___-do
Beverages and tobacco
Drugs, soap, and toiletries
Newspapers, magazines, books
Consumer fuel and lighting
Materials
Durable goods materials 9
Consumer durable
Equipment.
Construction
Nondurable materials 9
Business supplies
Containers
General business supplies
Business fuel and power 9
Mineral fuels
Nonresidential utilities. _
131.3
156. 6
148. 7
147. 3
149.4
125.8
174.6
139.0
r
138. 2
' 125.3
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totalft
-mil. $.
Manufacturing,total
Durable goods industries..
Nondurable goods industries...-.
do.
do.
do
1445,552 1483,343
230, 775 252,242
214, 777 231,101
Retail trade, t o t a l f - .
Durable goods stores
Nondurable goods stores
.
do.
do
do.
261,630 1283,950
93,718
84,173
177,457 190,232
Merchant wholesalers, totalt
Durable goods establishments...
Nondurable goods establishments
do..
do..
do..
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), totalJ
.mil. $..
23,322 23,668 23,585 23,753 24,194
7,665 7,827 7,755 7,768 7,865
15, 657 15,841 15,830 15,985 16,329
120,938 122,047
17,334
7,887
9,447
123,085 124,091
7,634
9,827
125,518 126,657
70,346 •71,103 71,994
62,944
68,015 64, 625 65,394 65,788 66,267 66,642 67,192 68, 015 68, 594 69,040
Manufacturing, total
do.
38, 412
42,324 39,951 40,600 40,814 41,300 41, 523 41,869 42,324 42, 589 42,884 43,273 43,779 •44,275 45,019
Durable goods industries
do.
24, 532
Nondurable goods industries
do
25,691 24, 674 24, 794 24,974 24,967 25,119 25,323 25,691 26, 005 26,156 26, 375 26,567 •26,828 26,975
31,130
33,957 33,014 33, 088 33,360 33,045 33,296 33,533 33,957 34,113 34,427 34, 556 34,737 35,266 35, 595
Retail trade, totalf
do.
13,136
14,782 14,546 14, 592 14,819 14,621 14, 782 14,774 14,782 14, 949 15,113 15, 201 15,336 15,813 15, 927
Durable goods stores
do.
17,994
Nondurable goods stores
do
19,175 18,468 18,496 18,541 18,424 18, 514 18,759 19,175 19,164 19, 314 19,355 19,401 19, 453 19, 668
18, 231 18, 580 18,881 19.008 19,149 19, 068
Merchant wholesalers, totalj
do..
10, 571 10,809 10,995 11,209 11,239 11, 232
Durable goods establishments
do..
7,886
7,800 r 7, 910
7,771
7,836
7,660
Nondurable goods establishments.
-do..
fSee corresponding note on p. S-ll.
»• Revised.
J» Preliminary.
i Based on unadjusted data.
JRevised series. The panel of reporters in the Census Bureau wholesale sample has been
9 Includes data for items not shown separately.
updated to reflect information from the 1963 Census
of Wholesale Trade; comparable data
§The term "business" here includes only manufacturing and trade; business inventories
c
prior to Jan. 1966 are not presently available.
Corrected.
as shown on p . S-l cover data for all types of producers, both farm and nonfarm. Unadjusted data for manufacturing are shown on p . S-5; those for retail trade on p . S-ll.
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
1
OF (JUKI
JSUJK
BUI
S-5
as
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES—Con.
Inventory-sales ratios:
Manufacturing and trade, totalt X
- - .ratio..
Manufacturing, total
Durable goods industries
Materials and supplies_._
Work in process
Finished goods
.
Nondurable goods industries..
Materials and supplies
...
Work in process
.
Finished goods
Retail trade, totalf
Durable goods stores..
Nondurable goods stores
....
1.43
1.44
1.41
"1.45
0 1.47
1.46
do_.
.___do_.
do_.
do.
do.
1.64
1.91
.57
.79
.54
1.61
1.91
.59
.80
.52
1.62
1.93
.61
.80
.53
1.58
1.86
.58
.78
.50
1.62
1.93
.60
.82
.51
1.65
1.97
.61
.83
.53
1.64
1.96
.61
.83
.53
1.62
1.94
.60
.82
.52
1.60
1.90
.58
.81
.51
1.61
1.91
.58
.82
.51
1.62
1.91
.58
.82
.51
1.58
1.86
.56
.81
.49
1.64
1.97
.59
.86
.52
do..
do..
do..
do_.
1.35
.53
.19
.62
1.29
.50
.19
1.28
.50
.19
1.26
.49
.18
1.29
.50
.19
.60
1.30
.51
.19
1.29
.50
.20
.59
1.28
.50
.19
.59
1.27
.49
.19
.58
1.28
.49
.19
.59
1.29
.50
.19
.60
1.26
.49
.19
.59
« 1. 62 ° 1.61
' 1.93 0 1.93
.58
.58
.84
.84
.51
.51
1.27
1.28
.49
.49
.19
.19
.59
.59
do..
.do..
.do..
1.40
1.86
1.18
1.38
1.84
1.16
1.42
1.90
1.18
1.40
1.86
1.17
1.41
1.91
1.17
1.39
1.88
1.15
1.38
1.88
1.13
1.36
1.83
1.13
1.37
1.79
1.16
1.36
1.80
1.15
1.36
1.80
1.15
1.35
1.76
1.15
1.39
1.93
1.14
ol.44
'2.11
.* 1.15
1.40
1.98
1.13
1.07
1.40
.81
1.11
1.43
.84
1.09
1.39
1.12
1.45
'.84
«• 1. 48
'.85
1.09
1.47
.80
44,918
44,287
46,128
1,
4,074
2,178
2,187
23,574
' 1, 020
'3,996
2,108
r 2,206
24,595
1,101
4,065
2,100
2,326
3,506
3,218
6,496
4,280
794
' 3,440
'3,181
' 6,415
' 4,118
'790
3,620
3,392
6,577
4,280
Merchant wholesalers, total*
do
Durable goods establishments
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), total...mil. $..
Shipments (not seas, adj.), total..
Durable goods industries, total9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
.
Machinery, except electrical
Electrical machinery..
Transportation equipment
.
Motor vehicles and parts
Instruments and related products
Nondurable goods industries, total 9 .
Food and kindred products
Tobacco products
Textile mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
Shipments (seas, adj.), totalBy industry group:
Durable goods industries, total 9
Stone, clay, and glass products..
Primary metals
Blast furnaces, steel mills....
Fabricated metal products.
9,001
9,941
831
747
805
870
856
884
1,006
855
..do
445,552
483,343
41,914
37,844
39,443
41,198
42,185
41,642
40,766
39,982
43,570
45,218
_.__do..
do..
do..
do..
do..
230,775
11,525
38,832
21,236
23,549
252,242
11, 753
41,910
22,916
24,292
22,280
1,095
3,639
1,954
2,147
19,564
1,022
3,273
1,847
1,905
19,813
1,046
3,590
2,076
2,089
20,778 21,748
1,046 1,050
3,266 3,215
1,675 1,595
2,122 2,088
21, 738
993
3,266
1,612
20,751
856
3,379
1,713
1,908
22,878
885
3,773
1,919
2,110
23,996
976
3,955
2,076
2,203
36,490
2,857
2,539
5,069
3,366
650
2,814
2,746
4,355
2,570
675
3,526
3,332
6,655
4,431
do..
do..
do..
do..
do_.
30,207
59,628
38,450
7,523
68,039
45,412
8,347
3,299
2,844
6,106
4,144
732
do_.
do..
__do_.
do.
do..
do..
do..
do..
214,777
75,883
4,693
17,808
17,116
33,578
18,187
10,212
231,101
80,678
4,864
19,318
19,385
36,030
19,178
11,653
19,634
6,825
439
1,679
1,653
3,189
1,647
1,028
do..
.do..
do..
do..
do.
do..
20,652
962
Machinery, except electrical
do.
Electrical machinery.
____do_.
Transportation equipment........
do_.
Motor vehicles and parts
do..
Instruments and related products
do..
3,009
2,701
5,668
3,814
Nondurable goods industries, total 9
Food and kindred products.-.-_Tobacco products
Textile mill products
.
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products...
1,820
1,974
Inventories, end of year or month:
Book value (unadjusted), total
do..
Durable goods industries, total
__do_.
Nondurable goods industries, total—.
do..
Book value (seasonally adjusted), total
do
By industry group:
Durable goods industries, total 9
do.
Stone, clay, and glass products
do
Primary metals.
do
Blast furnaces, steel mills
do.
Fabricated metal products
____do.
2,101
21,659
934
3,188
1,546
2,014
3,048
3,063
6,057
4,178
728
2,970
3,087
6,223
4,326
729
3,124
3,117
6,342
4,180
773
2,952
2,854
5,981
4,034
678
3,312
3,193
6,485
4,270
742
18,280 19,630 20,420 20,437
6,545 6,780 7,215 7,154
425
415
405
407
1,725
1,368
1,751
1,686
1,706 1,718
1, 503 1,658
2,823 2,944 3,133 3,070
1,628 1,650
1,624
1,637
19,107
6,832
400
1,580
1,649
2,797
1,625
995
19,231
6,861
387
1,495
1,632
2,998
1,622
20,692
7,234
410
1,672
1,743
3,145
1,668
1,061
21, 222 21,049 •20,713
7,259 7,177 ' 7,245
430
427
398
1,754
1,685 ' 1,662
1,810
1,770 ' 1, 784
3,404 3,498 r 3,365
1,597
1,722 ' 1, 685
1,113
1,124 ' 1,094
21,533
7,520
464
1,776
1,918
3,394
1,740
1,127
3,063
3,002
5,035
3,071
742
1,032
19, 904
7,018
410
1,721
1,675
2,958
1,613
985
41,452
40,518
40,173
40,548
41,403
42,622
42,665
42,702
44,121
43,540 •44,071
44,000
21,820
969
3,782
2,170
2,036
21,191
926
3,708
2,105
1,968
20,924 21,146
953
947
3,237 3,204
1,652 1,608
1,995 1,963
21,606
1,013
3,335
1,681
2,139
22,316
1,140
3,470
1,730
2,166
22,307
1,092
3,499
1,741
2,130
22,433
1,042
3,643
1,843
2,202
23,238
1,078
3,726
1,930
2,288
22,708 •22,915
'932
995
3,803 ' 3,798
2,006 2,012
2,148 ' 2 , 1 2 9
22,839
967
3,119
2,894
5,870
4,004
728
2,990
2,800
5,803
3,932
703
3,150
2,962
5,907
3,981
710
3,242
3,073
6,075
3,993
713
3,257
3,145
5,962
3,824
764
3,179
3,120
6,049
3,955
740
3,285
3,266
6,243
4,096
803
3,226 ' 3 , 2 5 4
3,284 ' 3,313
5,939 ' 6,176
3,844
'801
800
3,300
3,227
6,083
3,911
811
948
2,008
2,138
3,127
2,906
5,973
4,037
707
19,291
6,671
411
1,600
1,575
3,057
1,637
958
19, 632 19,327 19,249
6,777 6,843 6,821
400
387
415
1,603
1,619
1,581
1,656
1,616
1,631
3,063 2,957 2,942
1,648
1,615
1,614
951
19,402
6,845
405
1,609
1,656
2,982
1,639
958
19, 797 20,306
7,001
7,131
394
410
1,673
1,703
1,691
1,762
3,133
3,067
1, 619 1,594
1,064
1,012
20,358
7,157
427
1,659
1,717
3,143
1,605
1,055
20,269
7,114
433
1,624
1,710
3,127
1,638
1,051
20,883
7,257
450
1,729
1,763
3,326
1,640
1,081
20,832
7,255
411
1,670
1,740
3,260
1,756
1,079
'21,156
'7,340
416
r 1,723
'1,790
'3,214
' 1, 734
' 1, 082
21,161
7,341
434
1,692
1,828
3,253
1,726
1, 051
2 41,750
44,909
2 94,397 2101,305
2
55,185 2 60,300
2 43,344 2 50,403
2 35,878
37, 543
2174,998
3,705
8,374
4,942
4,232
3,062
15,628
3,788
8,582
5,093
4,408
3,169
16,412
3,700
8,554
5,001
4,347
3,058
15,858
3,715
8,549
5,125
4,323
3,080
15,381
3,735
8,615
5,172
4,452
3,066
15,508
3,861
8,812
5,175
4,418
3,252
15,885
4,067
8,955
5,385
4,448
3,409
16,358
4,005
8,979
5,484
4,298
3,427
16,472
3,956
8,961
5,314
4,410
3,361
16,700
4,140 4,080
9,140
9,092
5,529 5,453
4,573 4,275
3,488 3,340
17, 251 17,300
' 4,204
' 9,193
'5,626
' 4,327
r 3,203
17,518
4,150
9,201
5,543
4,380
3,251
17,475
217,902 219, 283
2 25,953 227,965
2 42,331 2 47,115
1,553
2,298
1,644
2,324
4,070
1,564
2,341
3,878
1,567
2,422
1,618
2,402
4,035
1,674
2,385
4,087
1,770
2,530
4,188
1,698
2,604
4,272
1,711
2,577
4,192
1,817
2,637
4,376
1,785 ' 1 , 7 5 4
2,638 ' 2,832
4,301 ' 4 , 3 5 3
1,741
2698
4,355
38, 001
24,641
67,620
41,831
25,789
64,979
40,321
24,658
65,088
40,410
24,678
65,481
40,704
24,777
66,218
41, 096 41,212
24,773 25,006
66,777 67,620
41, 407 41,831
25, 370 25,789
68,651
42,463
26,188
69,441
43,070
26,371
70,049
43,594
26,455
70, 755 71,668
44,219 44, 910
26, 536 26, 758
72,426
45,459
26,967
62,944
68,015
64,625
65,394
65,788
66, 267 66,642
67,192
68,594
69,040
70,346 '71,103
71,994
42,324
1,626
6,349
3,678
,4,856
39,951 40,600 40,814 41,300
1,614
1,623
1,600
1,618
6,074 6,163 6,142 6,224
3,597 3,631
3,576
4, 565 4,611
4,766
4,685
42,884
1,643
44,275
'1,688
r6,700
'3,887
' 4,758
45,019
1, 708
6,775
3,920
4,795
62,642
38,412
1,587
6,111
3,707
4,251
Machinery, except electrical
_..do._._
7,558
8,508 7,878
Electrical machinery
do
5,388
6,093 5,726
Transportation equipment
do
7,908
8,930 8,267
Motor vehicles and parts
do
3,013
3,318 3,290
Instruments and related products, .do
1,619
1,788
1,687
'Revised.
i Advance estimate.
2 Based on data not seasonally adjusted.
tSee corresponding note on p. S-ll.
* Corrected.
c 934
3,081
2,796
5,863
3,905
do.
do.
do.
do.
do.
...do.
do
do
By market category:
Home goods and apparel
do
Consumer staples
-_do._._
Equipment and defense prod., excl. auto.do
Automotive equipment...
do
Construction materials and supplies
do.-..
Other materials and supplies
do_
Supplementary market categories:
Consumer durables
do.
Defense products
do
Machinery and equipment
do
1.27
.50
.19
.59
7,988
5,810
8,653
3,527
1,683
8,142
5,873
8,600
3,370
1,696
5,907
8,707
3,430
1,711
41,523
1,640
6,275
3,669
4,772
8,364
5,947
8,706
3,412
1,714
68,015
41, 869 42,324
1, 634 1,626
6,261
6,349
3,658
3,678
4,816
4,856
8,453
5,993
8, 860
3,366
1,730
42, 589
1,638
6,438
3,760
4,828
8,508 8,521
6,093 6,177
8,930 8,984
3,263
3,318
1,806
1,788
9 Includes data for items not shown
JSee corresponding note on p. ST4.
3,786
4,829
43,273
1,652
6,553
3,813
4,779
8,575
6,210
9,047
3,276
1,822
8,610
6,334
9,186
3, 226
1,851
separately.
43,779
1,662
6,594
3,817
4,754
8,658 ' 8 , 7 5 6
9,481
3,274
1,883
r 6,552
9,483
'3,314
'1,932
6,690
9,613
3,223
1,980
July
SU. KVJtt __ OJb' CUJtMEN T JBlJS1JN ESS
S-6
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
|
1965
Annual
August 1966
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS—Continued
Inventories, end of year or month—Continued
Book value (seasonally adjusted)—Continued
By industry group—Continued
Durable goods industries—Continued
By stage of fabrication:
Materials and supplies 9
mil. $__
Primary metals
do
Machinery (elec. and nonelec.)---do
Transportation equipment
do
Work in process 9
do____
Primary metals
do
Machinery (elec. and nonelec.)—do
Transportation equipment
do_
Finished goods9—do
Primary metals
_do
Machinery (elec. and nonelec.)-—do
Transportation equipment
do
Nondurable goods industries, total9--do
Food and kindred products
do
Tobacco products
do
Textile mill products
_
do
Paper and allied products
do
Chemicals and allied products
.do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies._._
do
Work in process
_
do
Finished goods——___
_do
By market category:
Home goods and apparel
do..__
Consumer staples
do
Equip, and defense prod., excl. auto
do
Automotive equipment
____do
Construction materials and supplies——do____
Other materials and supplies.
__do
Supplementary market categories:
Consumer durables
_do
Defense products
_
__do
Machinery and equipment
____do
New orders, net (not seas, adj.), total
Durable goods industries, total
Nondurable goods industries, total
New orders, net (seas, adj.), total.._._
By industry group:
Durable goods industries, total 9
Primary metals
_
Blast furnaces, steel mills
Fabricated metal products.___
Machinery, except electrical
Electrical machinery
Transportation equipment.___
Aircraft and parts
.do
do
do
__do
997
12,943
2,388
3,816
2,278
18,109
2,130
6,699
5,465
11,272
1,831
4,086
1,187
12,537
2,305
3,540
2,372
16,533
1,985
6,122
4,820
10,881
1,784
3,942
1,075
12,664
2,310
3,609
2,420
17,053
2,051
6,242
5,155
10,883
1,802
3,947
1,078
12,672
2,316
3,702
2,232
17,283
2,058
6,351
5,284
10,859
1,768
3,962
1,084
12,812
2,302
3,747
2,317
17,380
2,066
6,415
5,277
11,108
1,856
4,043
1,113
12,886
2,302
3,808
2,348
17,502
2,114
6,491
5,228
11,135
1,859
4,012
1,130
12,914
2,336
3,825
2,300
17,763
2,097
6,577
5,408
11,192
1,828
4,044
1,152
12,943
2,388
3,816
2,278
18,109
2,130
6,699
5,465
11,272
1,831
4,086
1,187
12,951
2,423
3,862
2,250
18,285
2,179
6,744
5,537
11,353
1,836
4,092
1,197
13,004
2,428
3,901
2,261
18,468
2,224
fi,777
5,589
11,412
1,834
4,107
1,197
12,988
2,445
3,963
2,188
18,807
2,255
6,843
5,802
11,478
1,853
4,138
1,196
13,146
2,490
4,019
2,195
19,141
2,244
6,904
6,078
11,492
1,860
4,143
1,208
24,532
6,030
2,359
2,837
1,885
4,003
1,745
1,176
25,691
6,034
2,371
3,130
1,965
4,335
1,756
1,279
24,674
6,040
2,317
2,879
1,882
4,133
1,765
1,234
24, 794
6,073
2,281
2,952
1,900
4,203
1,746
1,244
24,974
6,000
2,286
3,003
1,916
4,240
1,727
1,258
24,967
5,881
2,286
3,038
1,922
4,258
1,696
1,262
25,119
5,861
2,328
3,119
1,919
4,285
1,718
1,273
25,323
5,993
2,268
3,085
1,934
4,350
1,737
1,306
25,691
6,034
2,371
3,130
1,965
4,335
1,756
1,279
26,005
6,243
2,334
3,119
1,970
4,409
1,787
1,296
26,156
6,230
2,338
3,169
1,981
4,460
1,816
1,293
26,375
6,357
2,394
3,174
1,985
4,460
1,809
1,295
26,567 '26,828
6,480
6,515
2,395
2,394
3,173 ' 3,156
1,997
2,028
4,504 '4,632
1,802 ' 1,795
1,299 '1,309
26,975
6,508
2,373
3,268
2,080
4,650
1,780
1,317
9,619
3,522
11,391
9,964
3,862
11,865
9,608
3,611
11,455
9,537
3,591
11,666
9,645
3,662
11,667
9,766
3,702
11,499
9,769
3,825
11,525
9,827
3,823
11,673
9,964
3,862
11,865
10,028
3,876
12,101
10,072
3,877
12,207
10,153
3,893
12,329
10,309 '10,439
3,913 '3,991
12,345 '12,398
10,543
4,051
12,381
6,499
9,660
13,241
3,683
5,629
24,2?2
7,021
9,844
14,835
4,032
6,054
26,229
6,650
9,721
13,635
3,983
5,862
24,774
6,685
9,737
13,858
4,215
5,821
25,078
6,815
9,675
14,046
4,068
5,852
25,332
6,863
9,566
14,286
4,124
5,908
25,520
6,866
9,630
14,376
4,102
5,983
25,685
6,890
9,708
14,650
4,092
6, 011
25, 841
7,021
9,844
14,835
4,032
6,054
26,229
7,167
10,039
14,966
3,992
6,017
26,413
7,247
10,036
15,054
4,003
6,071
26,629
7,329
10,251
15,266
3,941
6,072
26,789
7,403
10,380
15, 557
3,992
6,090
26,924
' 7,521
'10,466
'15,655
' 4,028
6,124
'27,309
7,592
10,476
16,008
3,943
6,212
27,763
3,056
5,625
9,431
3,287
6,388
10,701
3,241
5,814
9,863
3,249
5,968
10,006
3,250
6,030
10,216
3,221
6,044
10,432
3,233
6,091
10,492
3,254
6,270
10, 591
3,287
6,388
10,701
3,384
6,519
10,735
3,423
6,581
10,815
3,475
6,824
10,848
3,508 ' 3,627
7,079 '7,099
10,939 '11,063
3,722
7,294
11,318
452,368
237,631
214,737
492,272
260,732
231,540
42,357
22,651
19,706
38,713
20,404
18,309
39,964
20,348
19,616
42,259
21,818
20,441
43.104
22.648
20.456
42,094
22,109
19,985
41,531
22,448
19,083
42,379
23,052
19,327
45,434
24,578
20,856
47,398
26,099
21,299
46, 401 '44,748
25,238 '23,969
21,163 '20,779
47,322
25,820
21,502
2 452,368 2492,272
11,688
2,248
3,263
2,216
15,933
2, 024
5,763
4,695
10,791
1,839
3,920
__do____ 237,631
do
41,308
__do
23,303
..do
24,222
do
34,929
do
31,212
.do
61,174
do____ 17,514
Nondurable goods industries, total_____._do
Industries with unfilled orders©
___do
Industries without unfilled ordersf—_._do
214,737
57,318
157,419
By market category:
Home goods and apparel
do
41,740
Consumer staples
__do..._ 94,388
Equip, and defense prod., excl. auto
do
57,765
Automotive equipment
do
43,643
Construction materials and supplies—..do
36,325
Other materials and supplies.
do
178,507
Supplementary market categories:
Consumer durables..__
_
do
17,920
Defense products
_
_
__do
27,126
Machinery and equipment
..do
44,471
Unfilled orders, end of year or month (unadjusted),
total..
___.
mil. $_. 55,962
Durable goods industries, total—
do
53,042
Nondur. goods indus. with unfilled orders ©.do
2,920
'13,298 13,541
'2,489
2,496
' 4, 120 4,258
' 2,226
2,212
••19,302 19,693
'2,337
2,393
'6,977
7,102
' 6,003 6,139
'11,675 11,785
1,874
1,886
r 4, 211 4,279
' 1,254
1,262
40,689
41,846
40,926
41,483
41,843
42,234
43,868
43,986
44,129
45,833
45,064 '45,321
45,482
260,732
41,017
21,378
24,914
38,434
35,292
72,973
22,044
21,310
3,454
1,816
2,042
3,189
2,874
5,870
1,684
22,195
3,493
1,851
2,058
3,140
3,099
6,363
1,646
21,509
3,119
1,465
1,974
3,318
3,000
6,141
1,956
22,163
2,908
1,276
2,013
3,315
2,995
6,853
2,462
22,425
3,148
1,451
2,050
3,349
2,983
6,920
2,466
22,389
3,392
1,635
2,213
3,396
3,201
5,972
1,608
23,403
3,684
1,854
2,335
3,532
3,211
6,165
1,724
23,578
3,603
1,776
2,177
3,427
3,462
6,526
2,268
23,741
3,994
2,141
2,247
3,317
3,332
6,574
2,092
24,888
4,057
2,104
2,411
3,529
3,489
6,873
2,395
24,197
3,905
2,037
2,206
3,538
3,612
6, 561
2,099
'24,276
'4,305
2,331
2,237
' 3,553
'3,466
' 6,488
' 1,942
24,293
4,111
2,176
2,150
3,528
3,421
6,759
2,422
231,540
63,458
168,082
19,379
5,298
14,081
19,651
5,444
14,207
19,417
5,347
14,070
19,320
5,267
14,053
19,418
5,307
14,111
19,845
5,454
14,391
20,465
5,717
14,748
20,408
5,580
14,828
20,388
5,604
14,784
20,945
5,745
15,200
20,867 '21,045
5,650 ' 5,692
15,217 '15,353
21,189
5,814
15,375
45,057
101,315
65,081
51,053
38,058
191,708
3,751
8,389
5,509
4,194
3,132
15, 714
3,725
8,583
5,466
4,524
3,155
16,393
3,784
8,558
5,543
4,294
3,040
15, 707
3,780 3,778
8,550 8,604
5,756
5.689
4,504 4,516
3,118
3,129
15, 775 16,127
3,868
8,806
5.485
4,413
3,296
16, 366
4,119
8,981
6,112
4,298
3,452
17,024
3,937
8,960
5,833
4,332
3,399
17,668
4,173
9,141
6,036
4,538
3,600
18,345
4,233
9,207
6,273
4,432
3,202
18,135
19,449
32,534
49,679
1,586
2,579
4,091
1,560
2,618
4,348
1,640
2,808
4,159
1,810
3,402
4,450
1,676
3,035
4,584
1,819
3,375
4,587
4,051 '4,227
9,092 ' 9,197
6,295 ' 5,937
4,343 ' 4,516
3,426 ' 3,227
17,857 '18,217
1,784 '1,812
3,299 '2,907
4,788 ' 4,845
64,896
61,543
3,353
60,309
57,064
3, 245
61,178
57,904
3,274
1,675
3,276
4,249
1,695
2,567
4,325
4,145
8,955
5,834
4,448
3,604
16,882
1,844
2,528
4,583
61,697
58,438
3,259
62, 758 63,676
59,479 60,379
3,279
3,297
64,129
60, 752
3,377
64,896
61,543
3,353
67,293
63,844
3,449
69,156
65,543
3,613
71,337
67,646
3,691
72,822 '73,279
69,018 '69,410
3,804 '3,869
74,474
70,636
3,838
1,610
3,450
4,153
1,823
3,505
4,656
Unfilled orders, end of year or month (seasonally
adjusted), total
__mil. $_
By industry group:
Durable goods industries, total9 _.
__do
Primary metals
do
Blast furnaces, steel mills
____do
Fabricated metal products
do
Machinery, except electrical...
do
Electrical machinery..
do
Transportation equipment
_. do
Aircraft and parts.
do
57,044
66,068
60,588
60,981
61,391
62,699
63,993
64,821
66,068
67,388
68,814
70,527
72,049 '73,297
74,780
53,958
6,559
4,311
4,811
8,302
8,103
21,090
15,526
62,534
5,646
2,730
5,467
10,304
9,830
25,993
19,781
57,454
6, 637
4,144
5,093
8,963
8,773
23,069
17,074
57,830
6,348
3,825
5,115
8,984
8,978
23, 563
17, 252
58,148 59,385
5, 760 5,431
3,185
2,809
5,120
5,137
9,313
9,547
9,178
9,376
23,901 24,891
17,732 18,631
60,664
5,375
2,653
5,224
9,769
9,453
25,838
19,569
61,445 62,534
5, 432 5,646
2,606
2,730
5, 298 5,467
10, 014 10,304
9,692
9,830
25, 903 25,993
19,683 19,781
63,803
5,750
2,765
5,513
10,475
10,147
26,557
20,397
65,110
6,102
3,063
5,558
10,613
10,358
27,082
20,846
66,762
6,434
3,238
5,681
10,857
10, 581
27,712
21,566
68,250
6,536
3,269
5,740
11,169
10,909
28,333
22,006
'69,609
' 7,042
3,588
' 5,847
'11,468
'11,061
'28,646
'22,110
71,063
7,315
3,757
5,859
11,696
11,255
29,322
22,802
Nondur. goods indust.with unfilled orders©.do
3,086
3,534
3,134
3,151
3,314
3,329
3,376
3,534
3,585
3,704
3,765
3,799
' 3,688
3,717
2,017
33,401
5,739
21,542
2,046
33,983
5,803
22,161
2,048
34,284
5,845
22,644
2,124
34,732
6,041
23,171
2,241
35,360
6,063
23,724
2,219
35,803
6,099
24,693
2,254
36,275
6,211
25,787
2,225 '2,250
37,186 '37,687
6,298 '6,320
26,340 '27,040
2,339
38,469
6,272
27,700
3,243
By market category:
Home goods, apparel, consumer staples.. _ do
1,922
1,975
2,124
1,953
1,861
Equip, and defense prod., incl. auto... __-_do.-__ 29,223
34,732 31,607 32,097 32,587
Construction materials and supplies..
do
5,490
6,041
5,733
5,720
5,701
Other materials and supplies
_do__.
20,356
23,171 21,326 21,303 21,150
Supplementary market categories:
Consumer durables
_
do
1,412
1,420
1,601
1,406
1,328
Defense products
_______
_do_ _ 20, 058 24,587 21, 743 22,036 22,503
Machinery and equipment
__.do
13,367
16,000 14,422 14,700 14,982
••Revised.
i Advance estimate.
2 Data for total and components (incl. market
categories) are based on new orders not seasonally adjusted.
9 Includes data for items not shown separately.
© Includes textile mill products,
leather and products, paper and allied products, and printing and publishing industries; un-
1,817
1,449
1,504
1,677
1,601
1,712
1,680
1,678 '1,736
1,526
23.532 24,407 24, 587 24,587 25,383 25,841 26, 578 27, 239 '27,316 28,123
15,152 15,369 15,606 16,000 16,181 16,575 16,785 17, 273 '17,762 18,063
filled orders for other nondurable goods industries are zero. 1 For these industries (food and
kindred products, tobacco products, apparel and related products, petroleum and coal products, chemicals and allied products, and rubber and plastics products) sales are considered
equal to new orders.
SURVEY OF CURRENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-7
1966
1965
June
July
Aug.
GENERAL BUSINESS
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May-
June
16,585
17,868
20,156
17,305
17,299
17,022
17,036
16,603
17,500
16,641
946
1,226
1,106
997
1,077
130
209
171
601
115
121
206
154
509
116
108
210
121
459
100
212
157
511
97
July
INDICATORS—Continued
BUSINESS INCORPORATIONSd 1
New incorporations (50 States and Dist. Col.):
Unadjusted
number__ 197,724
Seasonally adjusted
_
do
INDUSTRIAL AND COMMERCIAL
FAILURES d1
Failures, total
Commercial service
_
Construction
_.
Manufacturing and mining
Retail trade
Wholesale trade
Liabilities (current), total
..number._
13,501
1,226
2,388
2,254
6,241
1,392
203,897
17,635
16,671
16,794
16,114
16,957
13,514
1,094
1,074
1,131
1,299
2,513
2,097
6,250
1,355
90
205
172
510
117
82
205
157
514
116
114
208
176
533
100
182,527 248,523
262,392 290,980
361,864 350,324
281,948 287,478
240,492 144,361
54,207
35,601
22,435
22,353
10, 011
4,891
53,372
31,145
21,352
10,725
47,127
24,080
30,097
19,704
50.1
52.8
56.9
15,962 15,889
17,138 16,744
1,100
124
205
172
479
120
do___.
do
do_
do
do__._
__thous. $__ 1,329,223 1,321,666 144,607 121,485 135,039 104,976
Commercial service.
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
do
do....
do
do____
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
i 53. 2
153.3
23,039
19,007
24,880
27,463
14, 031 10,587
59.7
1,047
110
212
145
490
90
15,130
17,418
1,033
103
201
155
477
97
18,185 19,731
16, 999 17,677
1,090
1,084
119
210
156
492
113
101
203
160
515
105
103
167
139
430
107
82,066 71,722
97,575 103,175
10,381 7,635
19,139 14,420
17,862 22,539
27,876 20,606
6,522
7,895 8,021 8,595 11,005
22,741 13,877 24,306
24,972 23,029 18,163 29,928
28,793 42,216 35,165 29,749
13,174 16,032 9,307 16,159
51.5
95,536 103,471 110,141
96,376 123,575
20,761
35,024
22,011
22,444
9,901
26,400
23,832
20,164
17,054
27,123
20,736
32,528
14,858
51.4
54.2
50.7
44.1
50.2
47.4
45.8
49.4
270
232
312
224
174
173
232
545
303
277
384
170
269
231
291
236
170
171
234
545
303
277
380
174
265
236
313
240
172
168
243
547
291
272
365
161
263
239
290
240
175
174
262
546
284
266
361
150
264
241
281
246
175
189
269
546
296
315
283
296
314
297
315
285
79
333
79
334
80
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products}:
1910-14=100..
Crops 9
do____
Commercial vegetables
do
Cotton
...do
Feed grains a n d h a y
do
Food grains
___do
Fruit
do
Tobacco
do
Livestock and products 9 --—
__do_.
Dairy products
_
do_.
Meat animals
do..
Poultry and eggs
_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..
Parity ratio §
do
249
223
237
249
171
160
248
528
271
270
333
150
249
221
252
248
161
164
234
528
273
277
332
151
249
219
259
245
156
167
211
550
275
282
332
155
259
224
259
236
166
170
231
549
269
249
343
142
249
223
233
244
171
162
230
517
272
258
341
147
290
281
357
164
262
226
287
225
171
171
225
540
293
277
369
160
290
307
278
289
305
277
288
305
277
288
305
276
289
307
276
291
309
278
293
309
281
295
312
282
297
314
284
296
314
283
321
78
321
78
322
77
322
77
324
80
327
329
82
331
81
333
78
110.2
110.4
110.6
111.0
111. 0
111.6
112.0
112.5
112.6
112.9
110.0
110.6
106.6
108.6
101.7
96.5
118.9
104.9
118.5
120.7
109.7
109.8
105.3
108.5
108. 6
110.8
109.1
111.6
107.4
104.3
107.9
103.1
107. 2
111.0
109.5
121.6
115.8
122.8
109.2
114.8
110.2
110.9
106.9
108. 7
102.1
97.7
119.4
105.3
110.4
111.2
107.1
108.9
102.4
98.7
118.7
105.6
11.9.0
121.3
109.7
108.5
105.8
109.9
109. 2
111.5
109.3
112.5
107.9
107.2
108.0
103.3
108.1
111.5
110.1
121.6
116.4
123.4
109.6
115.4
110.8
111. 3
110.8
111.1
107.4
109.6
101.9
97.4
111.4
111.3
108.0
110.6
101.8
97.2
114.0
105.4
119.7
122.0
113.1
115. 7
107.0
116.5
109.4
112.1
109.8
113.3
106.5
109.0
108.2
103.8
107.6
111.1
109.6
122.0
117.1
124.5
110.8
115.9
111.9
111.6
108.4
111.1
102.0
97.1
115.4
105.6
120.1
122.5
113.9
116.9
108.1
117.4
109.6
112.3
109.9
113.5
106.6
108.9
108.2
104.0
108.2
111.4
109.9
122.1
117.6
125.3
111.0
116.6
112.4
112.2
108.8
111.4
102.3
97.4
117.4
106.0
121.1
123.6
114.0
115.6
108.9
119.8
110.3
113.0
110.1
114.3
108.3
108.5
108.3
104.4
108. 7
112.0
110. 5
122.1
118.1
125.8
111.6
116.8
112.4
112.5
108.8
111.3
102.5
97.0
117. 5
106.3
121.5
124.1
113.5
113.9
109.3
119.2
110.7
113.5
110.2
112.6
112.8
109.0
111.5
102.6
96.8
118.2
106.4
122. 0
124.8
113.9
114.2
109.6
121.7
111.1
114.1
110.2
115.8
108.0
107.0
108.1
104.8
109 4
112.2
110.7
122,8
118.7
127. 0
112.2
117.0
237
239
247
262
166
190
307
490
236
256
270
142
248
232
261
245
173
164
236
513
261
261
319
145
241
282
254
180
157
228
499
252
232
249
253
177
160
197
501
265
240
342
139
282
300
270
306
276
290
307
278
313
76
321
77
254
323
79
267
359
147
267
245
304
252
182
204
224
546
285
285
351
153
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
110.0
110.1
110.2
108.1
109.9
All items
..1957-59=100.
Special group indexes:
109.8
108.0
109.6
110.0
110.1
All items less shelter
__._
do___
110.2
110.3
110.4
108.9
110.2
All items less food
do___
Commodities
do..
106.6
106.4
105.2
106.9
106.9
Nondurables
do..
108.6
108. 7 108.5
106.0
107.9
101.8
102.6
Durables 9——
do_.
102.3
103.0
102.6
97.1
97.4
New cars
do..
97.2
101.2
99.0
122.7
120.3
Used cars
do..
123.0
121.6
120.8
104.4
105.1
Commodities less food_.
do__
104.7
105.1
104.7
115.2
Services
do__
117.8
117.6
117.9
117.8
117.0
Services less rent
do..
119.7
120.0
120.0
120.0
Food 9—_
.
do__
106.4
110.1
110.1
110.9
108.8
Meats, poultry, andfish__
do__
98.6
109.8
106.4
109.2
105.1
Dairy products
do__
105.0
104.7
104.0
104.3
105.0
Fruits and vegetables
do__
114.6
125.9
124.3
115.3
115.2
Housing
do__
108.2
108.2
107.2
108.3
108.5
110.7
Shelter 9 .
_
do
108.7
110.3
110. 6
110.6
109.0
Rent
do_.
107.8
108.9
108.8
108.9
111.4
Homeownership. _
__._
do__
109.1
111.4
111.0
111.2
107.3
105.3
Fuel and utilities 9
—
do..
106.9
106.6
107.2
103.5
103.4
103. 2 103.5
105.6
Fuel oil and cqal__.___
do__
107.7
107.9
107.8
106.9
107.8
Gas and electricity
-_.-____
do__
102.9
103.1
102.9
102.8
103.1
Household furnishings and operation.do__
Apparel and upkeep
do__
106.4
105.7
106.9
106.1
106.8
Transportation. __
...
do
111.0
111.2
111. 5
109.3
111.1
Private
_. _ do
109.5
109.7
110.0
107.9
109.7
Public
do
121.5
121.3
121.4
119. 0
121.4
Health and recreation 9
do_.
115.6
115.3
113.6
115.7
115.6
Medical care.
_____
do..
122.8
119.4
122.2
122.7
122.3
Personal care
_
__do_!
109.2
111.0
109.0
109.9
108.7
Reading and recreation
.....do..
114.1
115.7
115.2
114.3
114.6
Seasonally adjusted indexes:*
Food..
..doApparel and upkeep
_do~
Transportation
__.
do.
••Revised.
i Based on unadjusted data.
"Corrected.
2
Beginning with indexes for Jan. 1966, data for six additional areas (Cincinnati, Houston,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been incorporated
into the national CPI. These areas were "linked" into the C P I as of Dec. 1965 and were
first used in calculating the Dec. 1965-Jan. 1966 price change.
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
118.7
121.0
109.7
108.9
105.5
108.5
109. 0
111.2
109.2
112.1
107.7
106.9
107.9
103.3
107.8
111.2
109.7
121.6
116.2
123.0
109.2
115.2
107.4
109.4
102.4
98.7
118.2
105.7
119.3
121.6
110.6
110.1
106.1
111. 0
109.4
111. 8
109.5
112.9
108.1
108.6
108.0
103.6
108.1
111. 6
110.1
122.0
116.6
123.7
110.0
115.4
2
114.8
105.3
119.5
121.8
111.4
112.9
106.6
111.3
109.2
112.0
109.7
113.1
106.4
108.9
107.9
103.6
107.3
111.2
109.6
122.0
116.9
124.2
110.4
115.7
108.2
108.0
108.2
104.6
109.3
112.0
110. 5
122.1
118.4
126.3
112.0
116.8
114.0
114.0
114.3
114.2
111.6
110.8
113.1
109.5
108.8
109.4
108.0
108.5
107.6
107.8
112.3
112.3
111.4
112.0
111.3
111.8
110.8
{Revisions for Jan. 1963-Mar. 1965 are available upon request.
§ Ratio of prices received to prices paid (parity index).
9Includes data for items not
shown separately.
* New series. Beginning with indexes for Jan. 1966, seasonally adjusted
indexes for selected groups and subgroups of the CPI were published by the Dept. of Labor.
Additional information and a description of the BLS Seasonal Factor Method are available
from the Bureau of Labor Statistics, U.S. Dept. of Labor, Washington, D.C. 20210.
S-8
Ob' (JUKI
sun
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
August 1966
; BU SINK
1966
1965
Annual
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
COMMODITY PRICES—Continued
WHOLESALE PRICES &
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
2 Commodities
Comotes
19575910
22
1957-59=100.
9 Foodstuffs
do.
d
f
f
d
13FRaw industrials
do.
All commodities
do.
By stage of processing:
Crude materials
a t e a l s fo
for further
furthe p
processing
cessng
do
do.
Intermediate
d i t materials,
t i l supplies,
li etc t ddo.
Finished goods©
do_.
By durability of product:
Durable goods_.
_do.
Nondurable goods
____do_.
Total manufactures
_.
_._do_.
Durable manufactures
__.__do_.
Nondurable manufactures
do_.
188.8
1104.6
1104.7
191.9
1114.6
104.2
90.1
115.3
103.3
89.0
114.6
104.7
91.2
115.2
105.4
93.2
114.8
105.6
93.4
115.0
106.1
93.9
115.5
108.9
97.9
117.1
112.0
J.00.7
120.5
113.8
101.9
122.9
113.6
100.7
123.5
112.5
100.8
121.5
110.7
100.4
118.3
111.4
102.0
118.4
113.1
105.3
118.8
100.5
102.5
102.8
102.9
102.9
103.0
103.1
103.5
104.1
104.6
105.4
105.4
105.5
105.6
105.7
106.4
94.1
100.9
101.8
98.9
102.2
103.6
100.6
102.2
103.9
100.5
102.3
104.0
100.8
102.4
103.8
100.0
102.5
104.1
100.1
102.6
104.3
100.8
103.0
104.7
103.2
103.0
105.3
105.2
103.4
105.6
107.5
103.8
106.3
106.9
103.9
106.4
106.3
104.3
106.3
105.7 ' 105.6
104.9
104.8
106.2
106. 4
102.4
99.1
101.1
102.5
99.7
103.7
101.5
102.8
103.7
101.9
103.7
102.0
103.0
103.7
102.3
103.7
102.2
103.1
103.7
102.5
103.9
102.0
103.2
103.9
102.4
103.9
102.2
103.2
103.9
102.5
104.0
102.4
103.4
104.0
102.7
104.2
102.9
103.7
104.2
103.2
104.2
103.9
104.1
104.2
103.8
104.6
104.5
104.4
104.5
104.3
104.9
105.5
104.9
104.8
104.8
105.3
105.3
105.0
105.1
104.7
105.7
105.1
105.1
105.6
104.6
106.1
105.0
105.5
106.1
104.8
107.6
105.4
106.9
106.2
105.2
105.6
106.1
105.1
106.2
106.3
106. 0
106.1
105.8
98.0
102.1
103.5
103.7
103.3
103.5
103.6
104.3
106.5
107.7
109.8
109.4
108.7
107.9
107.7
109.8
Farm products 9
do_.
Fruits and vegetables, fresh and dried-do.
Grains
do_.
Livestock and live poultry
do.
94.3
103.2
94.1
84.7
98.4
101.8
89.6
98.9
100.3
109.0
89.6
104.6
100.0
103.9
88.4
105.0
99.1
85.5
88.3
106.4
99.5
96.1
89.3
102.6
99.4
95.6
88.6
103.2
100.3
94.2
87.4
104.0
103.0
92.2
90.1
109.0
104.5
97.5
92.4
112.6
107.4
98.0
92.9
116.7
106.8
'101.7
90.8
114.2
106.4
111.0
91.2
112.4
104.5
103.3
93.6
110.4
r 104. 2
99.7
94.9
108.5
107.6
107.0
103.1
107.1
Foods, processed 9
do.
Cereal and bakery products...
__do_
Dairy products and ice cream
do_.
Fruits and vegetables, canned, frozen..do.
Meats, poultry, and
fish
_do_
101.0
107.8
107.8
104.8
90.8
105.1
109.0
108.5
102.1
101.0
106.1
108.5
107.1
101.5
105.5
106.6
109.3
107.8
101.8
106.3
106.7
108.8
108.5
100.4
106.3
106.7
109.1
109.1
101.8
105.3
106.9
109.4
109.4
104.7
104.9
107.6
110.6
110.4
105.4
105.5
109.4
111.2
111.3
105.1
110.5
110.3
111.8
110.9
104.7
112.7
111.8
112.1
113.0
105.2
114.9
111.5
112.2
115.0
104.8
113.3
110.6
112.6
114.8
104.8
110.9
110.5
113.0
114.9
105.4
110.9
' 110. 6
' 114.0
117.0
' 104.9
109.9
111.7
115.3
120.3
104.6
110.0
101.2
102.5
102.5
102.5
102.7
102.7
102.8
103.2
103.2
103.5
103.8
104.0
104.3
104.7
104.9
105.1
96.7
94.2
95.0
96.8
100.1
104.7
97.4
95.0
94.4
112.7
103.5
105.4
97.4
94.8
93.9
114.0
104.3
105.7
97.4
95.0
94.0
110.3
103.3
105.7
97.1
95.0
93.9
104.4
102.1
105.7
97.2
95.0
93.9
108.4
102.5
105.7
97.6
95.4
94.1
110.1
103.4
105.9
97.5
95.5
94.7
106.7
103.8
105.9
97.6
95.5
94.6
110.1
103.8
105.9
97.6
95.1
94.4
113.1
103.8
105.9
97.6
95.2
94.5
110.0
104.7
105.9
97.6
95.2
94.4
106.4
104.7
105.9
97.6
95.6
94.1
104.0
105.5
106.2
97.7
96.0
94.1
102.5
106.6
106.2
'97.6
95.8
'94.3
' 101.6
104.8
106.8
97.8
95.9
94.3
106.6
104.2
106.8
Fuels and related prod., and power 9
do...
Coal
do___
Electric power
Jan. 1958=100.
Gas fuels
do___
Petroleum products, refined
1957-59=100.
97.1
96.9
101.1
121.3
92.7
96.5
100.8
124.1
95.9
98.7
94.7
100.8
122.7
96.0
98.7
95.2
100.7
122.5
96.0
99.0
95.8
100.8
123.9
96.4
99.2
96.6
100.8
125.3
96.4
99.4
97.3
100.8
125.8
96.6
100.3
97.5
100.8
126.8
98.1
100.6
97.6
100.7
128.6
98.4
100.5
98.1
100.4
128.2
98.3
100.3
98.2
100.4
128.9
97.8
99.9
97.5
100.4
128.2
97.2
100.0
94.9
100.3
129.2
97.7
101.5
100.4
96.9 ' 97.2
100.2
10Q.2
128.3 ' 128. 5
100.2
98.4
101.4
97. 4
100.2
128.5
Furniture, other household durables 9
Appliances, household
Furniture, household
Radio receivers and phonographs
Television receivers
98.5
91.3
105.3
81.5
90.9
98.0
89.2
106.2
80.2
88.5
98.0
89.4
105.9
81.1
97.8
89.2
105.9
79.6
87.8
97.7
88.6
106.1
79.0
88.0
97.7
88.6
106.2
79.0
88.0
97.8
88.6
106.4
79.2
87.9
98.0
88.6
106.6
79.2
87.9
98.2
88.8
106.7
79.2
87.9
98.3
89.0
107.0
78.4
'87.4
98.4
89.0
107.2
78.5
'87.3
98.4
89.1
107.2
78.4
89.3
108.3
78.4
89.4
108.9
78.3
86.8
89.4
108.9
'78.4
99.1
89.4
109.0
78.4
do.
do.
do.
__do_
do.
do.
104.6
108.5
87.5
102.9
100.6
100.7
109.2
110.7
111.2
108.1
101.1
101.9
107.7
109.8
103.1
107.6
100.3
101.1
108.8
110.0
117.4
105.9
100.5
101.2
112.2
110.2
133.4
112.5
101.8
102.5
111.3
110.3
124.9
110.9
102.0
103.1
113.3
113.6
125.6
111.9
101.6
103.0
113.6
113.7
126.5
113.3
101.6
103.0
114.6
113.8
132.3
114.2
101.9
103.4
116.0
114.4
140.0
116.6
102.8
104.3
117.8
114.9
152.8
118.0
103.7
105.6
118.7
115.3
147.8
123.3
105.6
107.4
120.8
118.4
148.8
122.4
108.4
110.9
122.9
119.3
163.0
125.1
109.6
113.1
123.1
• 119.3
161.0
• 126. 6
• 107. 7
•111.8
122.8
119.4
156.4
126.0
106.7
110.4
Machinery and motive prod. 9 Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles
do_.
do..
do_.
do..
do..
102.9
112.9
112.4
96.8
100.5
103.7
115.1
115.3
96.8
100.7
103.8
114.7
115.2
96.9
100.7
103.7
114.9
115.3
97.0
100.7
103.8
114.8
115.6
96.7
100.7
103.8
115.0
115.6
96.6
100.5
103.9
114.9
115.8
96.6
100.5
104.1
116.8
116.4
96.5
100.5
104.2
117.0
116.5
96.6
100.5
104.4
117.3
116.9
97.0
100.5
104.7
117.8
117.5
97.8
100.4
105.0
118.0
117.9
98.2
100.3
105.2
118.1
118.5
98.4
100.2
105.8
118.2
118.9
98.7
100.9
105.9
' 118. 4
118.9
'98.8
100.7
106.0
118.4
118.9
98.9
100.7
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do..
do..
do.
do.
102.8
92.0
100.5
105.9
105.7
91.7
101.4
115.2
105.9
92.0
101.3
116.2
105.8
91.7
101.5
115.5
106.2
91.9
101.4
116.5
106.2
91.9
101.2
117.0
106.3
91.9
101.2
117.4
106.7
91.6
101.3
118.7
106.6
91.6
101.7
117.2
107.0
91.5
102.0
118.3
107.5
91.7
102.2
119.5
108.0
91.8
102.3
120.8
108.2
92.1
102.0
122.1
108.4
92.1
101.8
122.5
108.7
92.5
102.0
123.2
108.7
92.9
102.2
122.9
Nonmetallic mineral products 9
Clay products, structural
Concrete products
Gypsum products
Pulp, paper, and allied products
do..
do..
do..
do..
do..
Rubber and products
Tires and tubes.
do.
do.
101.5
104.2
100.9
108.2
99.0
103.6
92.5
89.0
101.7
105.1
101.5
104.0
99.9
104.1
92.9
90.0
102.0
104.9
101.6
107.5
100.0
104.1
93.1
90.2
• 101. 7
' 104. 9
101.7
105.7
99.9
104.1
93.0
90.2
101.6
105.3
101.5
100.6
99.9
104.1
93.2
91.1
101.6
105.4
101.6
99.9
100.0
104.1
93.3
91.1
101.6
105.4
101.6
99.1
100.5
104.5
93.4
91.1
101.6
105.4
101.8
98.6
100.8
104.8
93.5
91.1
101.6
105.6
101.8
97.4
100.9
104.9
93.5
91.1
102.0
105. 6
102. 0
101.4
101.2
105.2
93.7
91.1
102.1
105.8
102.1
101.4
101.3
105.4
94.1
91.1
102.1
105.9
102.2
101.4
101.8
105.4
94.3
91.1
102.3
106.0
102.7
101.4
102.3
106.0
95.4
94.4
102.4
106.3
102.7
102.2
102.7
107.1
95.4
94.4
' 102. 5
106.5
' 103. 0
' 102. 7
103.0
108.0
95.4
94.4
102.7
106.5
103.0
102.7
103.2
108.2
95.1
93.9
do..
do_.
do_.
do..
do..
do_.
101.2
102.8
99.6
95.8
117.3
103.0
101.8
103.7
100.2
95.0
134.3
104.3
101.9
103.6
100.2
95.9
132.2
104o0
101.9
103.8
100.3
95.7
127.6
104.4
101.9
104.1
100.4
94.7
132.8
105.0
102.1
104.2
100.6
94.2
134.9
105.2
102.0
104.3
100.8
93.3
140.3
105.4
101.9
104.2
101.0
92.5
142.2
105.4
102.0
104.3
101.2
91.9
143.6
105.4
101.9
104.6
101.0
91.3
147.6
105.9
102.0
104.7
101.5
91.0
155.3
105.8
102.1
104.7
101.8
90.8
151.4
106.0
102.2
104.7
102.3
90.5
151.6
106.3
102.2
104.9
102.6
89.9
140.9
106.4
102.2
104.8
102.8
'90.0
143.8
106.5
102. 4
105.0
103.0
90.1
152.1
106.7
107.4
100.7
105.6
109.2
101.0
107.7
100.8
105.8
111.0
102.7
107.6
100.7
105.6
111.0
102.5
107.6
100.7
105.6
112.6
102.9
107.6
100.7
105.6
111.5
102.7
107.7
100.9
105.6
111.5
103.2
107.7
100.9
105.6
111.2
103.1
107.7
100.9
105.6
113.2
103.0
107.9
101.3
105.6
112.5
103.1
108.1
101.1
105.6
114.3
103.2
108.0
101.0
105.6
116.0
103.3
109.2
101.0
109.5
113.1
103.3
109.4
101.0
110.0
113.0
103.7
109.4
101.0
110.0
115.1
103.7
109.8
101.0
110.0
' 115. 7
103.7
110.0
101.0
110. 0
120.5
104.5
$0,995
.925
$0,976
.910
$0,973
.908
$0,972
.907
$0,972
.909
$0,971
.907
$0.970
.906
$0.966
.904
$0.961
.901
$0.956
.901
$0,949
$0,949
$0.948
$0.947
$0.946
$0. 940
Farm products and processed foods.
..do.
Commod. other than farm prod, and foods._do
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
Prepared paint
do..
do_.
do_.
do_.
do_.
do_.
Hides, skins, and leather products 9
Footwear
Hides and skins.
Leather
Lumber and wood products
Lumber
Textile products and apparel 9
Apparel
Cotton products
Manmade fiber textile products
Silk products
Wool products
.
do...
do___
do.__
do___
do...
Tobacco prod, and bottled beverages 9 . . . d o . .
Beverages, alcoholic
do. _
Cigarettes
do__
Miscellaneous
do__
Toys, sporting goods
do__
PURCHASING POWER OF THE DOLLAR
As measured b y Wholesale prices
Consumer prices
1957-59=$1.00.
...
do...
' Revised.
v Preliminary
i Annual averages computed by OBE.
cf For actual wholesale prices of individual commodities, see respective commodities.
0 Goods to users, including raw foods and fuels.
9 Includes data not shown separately.
OF CURRENT BUSINESS
August 1966
1965
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
S-9
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
New construction (unadjusted), total
mil. $__
66,221
71,903
6,768
6,768
6,806
6,789
6,754
6,010
5,065
4,650
5,418
6,066
6,372
Private, total 9
__do
Residential (nonfarm)
do
New housing units..
do
Nonresidential buildings, except farm and public utilities, total 9
.mil. $_.
Industrial
do_._.
Commercial
do
Farm construction
do
Public utilities
do....
45,914
26,507
20, 612
49,999
26,689
20,765
4,647
2,630
1,935
4,587
2,591
2,019
4,623
2,527
2,009
4,607
2,450
1,955
4,606
2,370
1,897
4,530
2,283
1,836
4,381
2,138
1,723
3,651
1,843
1,483
3,389
1,627
1,315
3,861
1,873
1,443
4,308
2,191
1,620
4,454
2,364
1,731
4,717
2,556
1,870
12,998
3,572
5,406
1,221
4,850
16,521
5,086
6,704
1,195
5,178
1,423
440
560
102
456
1,397
422
548
109
454
1,488
438
615
112
465
1,549
478
646
107
465
1,605
478
678
104
487
1,605
500
1,635
575
640
95
466
1,302
442
510
92
367
1,266
453
451
91
354
1,452
511
530
92
1,546
565
550
91
431
1,493
529
520
96
458
0)1
C)
0)
Public, total 9
do.
20,307
21,904
2,121
2,181
2,183
2,182
2,148
1,629
1,414
1,261
1,758
1,918
2,219
do..
do_.
do..
do..
7,052
474
968
7,144
7,684
464
883
7,539
708
40
83
778
703
45
86
851
722
48
91
825
728
50
82
799
436
678
41
66
538
715
43
54
362
556
37
52
277
-
Buildings (excluding military)
Residential..
_.
_.
Military facilities.
Highways and streets
New construction (seasonally adjusted at annual
rates), total
.mil. $_.
Private, total 9
do..
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9 .
mil. $..
Industrial
do
Commercial
.
do
Farm construction
do
Public utilities
do....
Public, total 9
—
do..
Buildings (excluding military)
Residential
Military facilities
Highways and streets
do..
do..
do_.
do..
.
500
687
46
637
42
63
395
1,557
618
0)
628
751
71,756
70,358
70,863
72,830
72,687
74,039
76,046
76,055
77,017
78,140
76,844
74,087
73,697
50,317
49,122
49,222
50,167
50,084
51,209
53,445
53,285
54,290
55,066
54,347
51,790
51,210
27,224
26,983
26,621
26,413
26,343
26,243
26,684
27,460
27,463
27,279
27,437
26,992
26,402
16,300
5,426
6,199
1,196
5,187
15,406
4,907
5,882
1,188
5,185
15,949
4,973
6,239
1,186
5,142
16,984
5,321
6,977
1,186
5,208
16,923
5,068
7,056
1,185
5,196
17,839
5,291
7,706
1,183
5,429
19, 551 18,812
6,250 5,987
8,017
7,846
1,182
1,185
5,412
5,220
19,388
6,629
7,294
1,190
5,512
20, 495 19,572
7,073 7,175
7,672 7,097
1,197
1,194
5,458
5,409
17,764
6,511
5,932
1,201
5,301
0)
0)
&
21,439
21,236
21,641
22,603
22,830
22,601
22,497
22, 297
7,315
451
834
7,523
7,382
471
980
7,499
7,609
472
910
7,494
8,187
505
1,025
7,689
8,311
522
832
7,734
8,382
525
967
7,398
8,196
522
760
7,559
22, 770 22, 727 23,074
8,404
524
733
7,507
8,357
529
823
7,457
530
1, 009
7,409
8,149
535
887
7,360
8,194
535
0)
7,309
5,421
22,487
8,223
(0
0)
7,259
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation, total
.mil. $_.
1957-59=100—
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction:
Advance planning (ENR) §
Concrete pavement awards:
Total
Airports
Roads
Streets and alleys
Miscellaneous
796
48
0)
CONSTRUCTION CONTRACTS
Index (mo. data seas, adj.)
102
478
2
47,299
3 137
mil. $_. 2 15,371
do____ 2 31,928
4,625
4,795
4,265
4,153
4,356
3,745
3,698
3,374
3,270
4,737
5,098
5,132
139
149
139
147
147
141
153
149
144
158
161
156
147
16,330
33,501
1,553
3,072
1,750
3,045
1,313
2,952
1,332
2,821
1,294
3,061
1,304
2,395
1,125
2,249
1,066
2,204
1,463
3,274
1,574
3,524
1,902
3,230
1,937
2,916
1,433
1,446
1,177
1,290
906
1,259
1,299
712
1,726
2,004
1,007
1,883
2,081
1,134
1,826
1,970
1,335
1,885
1,828
1,140
3,384
3,942
4,608
3,686
3,578
4,902
49,831
144
do
do
do
22 15,495
20,561
2 11,244
17,470
21,461
10,900
1,551
2,080
993
1,691
1,952
1,151
1,507
1,971
788
1,464
1,756
934
1,582
1,897
877
1,163
2,582
1,328
1,696
721
do
44,405
45,625
4,174
3,215
3,714
3,915
3,895
4,618
thous. sq. yds.. 123,768
do.:..
5,352
do
89,872
do
25,578
do
2,967
125, 580 34,455
4,410 1,601
86,779 22,421
29,016 8,991
5,376
1,443
819
5,707
33,048
857
20,692
9,549
1,950
4,854
2,362
25,684
513
21,298
3,161
711
1,329
29,147
20,831
5,639
1,347
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public)
One-family structures
Privately owned..
thous._ 1,590.7 1,542.7
963.5
do _
973.0
do
1,557. 4 1,505.0
162.3
99.9
155.5
143.9
94.1
141.3
138.0
88.5
134.7
125.9
80.0
124.3
135.7
87.2
133.6
118.3
71.4
116.1
103.2
59.9
102.3
87.3
48.2
84.6
81.0
46.8
78.2
130.9
80.9
126.3
149.2
' 95.4
147.1
137.1
'86.8
133.2
130.9
86.4
127.7
Total nonfarm (private and public)
In metropolitan areas
Privately owned
__:
do_.
do..
do_.
159.7
114.3
152.8
141.6
95.1
139.0
136. 2
94.8
132.8
124.3
87.8
122.7
133.0
94.8
130.9
117.1
78.8
114.9
101.6
75.9
100.8
61.5
83.7
79.5
55.4
76.7
128.7
91.4
124.1
146.9 133.8
• 106.8 ' 8 9 . 8
144.8
129.9
• 128.6
86.0
125.3
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
do.
do..
1,566
1,539
1,473
1,447
1,427
1,409
1,453
1,436
1,411
1,380
1,547
1,531
1,769
1,735
1,611
1,585
1,374
1,349
1,569
1,538
1,502
1,481
1,295
1,264
1,288
1,264
1,245
1,234
710
1,228
709
1,180
678
1,244
727
1,280
731
1,292
724
1,255
711
1,197
652
1,268
743
1,185
660
596
941
574
117
118
118
118
118
119
119
120
909
940
834
815
837
909
941
837
817
840
913
945
839
821
843
916
946
840
822
845
917
949
841
830
854
926
954
852
858
927
954
852
853
927
954
852
853
New private housing units authorized by bldg. permits (12,000 permit-issuing places):
Seasonally adjusted at annual rates:
Total
thous.One-family structures
do
1,563.7
1,117.7
1,530.4
1,286
720
1,520.4
1,067. 5
1,482.7
1,241
710
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco
St. Louis
__ 1957-59 =100.
1913=100do
do____
do
do
112
116
116
116
116
117
117
802
878
824
904
925
814
820
901
917
804
825
907
917
804
827
908
917
829
908
834
909
940
834
805
792
785
Associated General Contractors (building only)
123
123
124
124
119
1957-59=100r
1
2
Revised.
Not yet available; estimate
included in total.
Annual total includes
3
revisions not distributed to months.
Computed from cumulative valuation total,
f Revised series. Monthly data for 1962-64 appear on p. 40 of the May 1966 SURVEY.
225-221 O - 66 - 5
834
809
877
950
887
863
128
127
126
125
124
124
124
124
124
124
124
9 Includes data not shown separately.
§Data for June, Sept., and Dec. 1965 and Mar. and June 1966 are for 5 weeks; other
months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-10
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
August 1966
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES—Con.
E . H. Boeckh and Associates: J
Average, 20 cities:
All types combined
1957-59=100_.
Apartments, hotels, office buildings
do__._
Commercial and factory buildings
..do
Residences
do
Engineering News-Record:
Building
do.—
Construction
__.
.do
Bu. of Public Roads—Highway construction:
Composite (avg. for year or q t r . ) . _ . 1957-59=100..
119.5
120.7
119.5
117.6
119.7
121.1
119.8
117.1
119.5
120.6
119.5
117.6
119.8
120.8
119.8
118.0
120.3
121.4
120.3
118.7
121.2
122.3
121.1
117.0
118.9
120.1
118.9
117.0
119. 4
121.9
123.1
121.9
120.1
120.4
129.8
120.2
129. 7
120.4
130.0
120.5
130.0
121.7
131.2
122.0
131.4
123.1
132.4
123.7
133.4
124.5 i 124.6
135.4 i'136.1
113.4
114.6
113.4
111.6
117.2
118.5
117.2
115.2
117.2
118.4
117.3
115.0
118.0
119.2
118.1
116.0
118.2
119.4
118.3
116.1
118.4
119.7
118. 5
116.4
118.8
120.0
118.8
116.1
123.2
118.9
127.8
118.8
127.6
119.1
128.6
119.5
129.5
120.1
129.8
102.0
105.7
106.9
152.6
157.1
171.2
160.3
159.5
165.6
176.7
160.8
171.0
164.1
165.9
146.8
150.0
157.2
144.9
168.8
134.8
144.4
136.8
155.3
170.5
177.2
154.2
151.9
183.2
161.1
157.5
186.2
170.0
161.9
233.2
163.6
149.1
236.2
187.5
167.5
246.7
161.6
173.8
224.5
159.8
166.3
235.8
143.6
159. 5
188.1
148.0
156.6
150.2
136.4
148.0
103.6
144. 2
151.4
101.6
178.4
172.2
189.0
167.8
184.7
182.1
188.9
113.6
102.1
15.7
154
9.7
100
15.1
165
8.6
95
17.3
186
8.9
95
16.6
189
8.4
97
15.1
192
7.2
94
14.5
222
6.8
100
13.3
219
6.7
105
13.6
214
5.9
13.8
179
5.4
72
17.7
160
9.1
92
16.0
168
10.1
111
12.8
133
9.4
698.25
227.87
727.41
236.31
511. 89 607.09
189. 76 163.04
515.71
131.82
497.79
5,687
6,516
6,704
430
798
660
'390
'773
-•533
338
819
462
123. 59 117.47
123.99
106.7
106.6
113.7
109.0
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9
Seasonally adjusted..
-
1947-49=100-.
do.
Iron and steel products, unadjustedLumber and wood products, unadj
Portland cement, unadjusted
do
_.do
do
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. _
Seasonally adjusted annual ratest
do.
Requestsfor VA appraisals
__do.___
Seasonally adjusted annual rates*
_do_
Home mortgages insured or guaranteed b y Fed. Hous. Adm.: Face amount
mil. $~ 6,573.22 7,464.59 610.77 646. 67 757.29 755.77 714.36 706.02
2,852.21 2,652.23 217.36 217. 21 244.70 254.42 245.00 242.64
Vet. Adm.: Face amount!
do
Federal Home Loan Banks, outstanding advances
5,997
5,586 5,793 5,770 5,802 5,826 5,724
5,325
to member institutions, end of period
mil. $__
New mortgage loans of all savings and loan associations , estimated total
______ _mil. $_ _ 24,505
By purpose of loan:
Home construction
do_
6,515
10,397
Home purchase
___do_
All other purposes
_._
do.
7,593
23,847
5,922
2,186
2,399
614
520
1,063
603
10, 697
7,228
New nonfarm mortgages recorded ($20,000 and
under), estimated total
mil. $_. 36,921
Nonfarm foreclosures
number. _ 108,620 116,664
10,248
9,753
Fire losses (on bldgs., contents, etc.)
119.54
130.52
mil. $.. 1,367.13 1,455.63
2,187
2,079
511
1,099
577
490
1,015
574
9,521
9,806
111. 78 115.44
1,961
5,739
5,997
1,825
557.09
166. 66 205.32
6,783
1,619
1, 549
1,554
322
640
587
307
645
602
454
814
730
431
834
560
491
865
640
9,577
9,642
10,421
9,375
9,211
10,179
108.72
112.28
124.04
120.40
131.10
133.36
143
131
151
112
108
110
187
142
121
159
111
109
102
182
144
131
156
115
96
125
184
140
124
153
118
84
130
175
144
124
158
118
88
134
184
487
910
564
13.0
127
8.7
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index...1957-59=100.
Business papers—
_______
do...
Magazines_,__
__.do___
Newspapers
__do___
Outdoor
do___
Radio (network)....
do___
Television (network)
_.
do___
125
112
136
103
89
103
157
136
122
147
109
92
108
175
Television advertising:
Network (major national networks):
Net time costs, total
mil. $. 1,145.9 1,260.3
96.5
99.1
Automotive, incl. accessories._•_
__do___
409.2
360.6
Drugs and toiletries.
do___
234.8
209.5
Foods, soft drinks, confectionery
do___
112.0
103.2
Soaps, cleansers, etc.
do___
145.4
146.8
Smoking materials._._____
do___
259.8
229.2
All other
_.
_do___
Spot (natl. and regional, cooperating stations):
Gross time costs, t o t a l . - . .
_____mil. $_ 1,016.0 1,075.5
38.9
Automotive, incl. accessories
do_ _ _
38.5
207.4
Drugs and toiletries
do._.
192.9
377.7
Foods, soft drinks, confectionery
do___
352.7
100.4
98.5
Soaps, cleansers, etc
_.—
do__48.7
50.2
Smoking materials....
___do___
302.4
All other
do__.
283.2
Magazine advertising (general and natl. farm magazines):
Cost, total
_
...
mil. $~
Apparel and accessories.-do
Automotive, incl. accessories
__do
Building materials.
_.
__do
Drugs and toiletries.__.__.
do
Foods, soft drinks, confectionery
do
1,076.9
64.8
111.7
30.4
115.9
133.9
135
114
145
110
99
112
178
135
122
151
108
77
101
173
141
129
160
108
91
89
178
138
126
145
113
78
118
183
138
126
147
112
97
126
174
279.2
17.3
88.7
56.6
27.9
31.0
57.7
269.2
16.3
91.0
52.0
26.8
29.3
53.8
401.5
44.4
123.9
67.3
28.6
46.7
90.6
354.5
24.0
116.3
72.2
30.3
41.1
70.6
273.6
9.5
48.1
97.7
25.9
13.4
79.1
248.3
10.1
51.1
82.7
26.4
10.5
67.5
303.9
10.6
56.4
107.1
25.8
11.5
92.5
290.2
12.9
57.0
107.8
26.3
12.7
73.6
91.5
3.9
7.2
1.2
11.9
11.1
64.6
1.7
8.8
1.6
6.6
7.7
83.1
4.0
11.2
2.3
9.1
10.7
101.9
6.8
11.5
3.4
10.8
12.2
112.4
9.2
12.5
4.7
11.1
10.9
86.6
2.4
9.0
3.1
9.8
12.7
68.7
.9
5.9
2.4
8.3
9.4
65.3
6.6
4.4
1.7
8.0
8.5
90.0
10.1
3.6
3.0
10.1
9.3
69.3
6.0
Beer, wine, l i q u o r s . . . . .
do...
58.3
71.5
6.1
Household equip., supplies, furnishings. _ do_ _ _
71.7
50.5
4.2
Industrial materials
do__.
48.4
21.7
1.4
Soaps, cleansers, etc
do___
16.0
41.6
4.3
Smoking materials
_
___
do._.
38.3
365.6
27.5
All other
do___
320.9
r
Revised.
* Index as of Aug. 1, 1966: Building, 125.0; construction, 136.5.
1 Copyrighted data; see last paragraph of headnote, p . S-l.
9 Includes data for items not shown separately.
4.6
3.8
3.9
1.7
3.3
24.3
3.2
3.4
3.1
1.6
3.5
21.3
5.2
6.0
3.8
11.3
2.4
9.2
7.3
5.2
7.6
8.9
3.6
5.4
3.0
8.5
9.1
6.0
4.2
4.0
3.3
3.9
2.9
6.5
5.7
5.0
1.7
1.4
1.5
.9
2.2
1.1
1.7
.1.6
3.0
2.6
2.5
3.4
3.9
2.2
3.7
3.4
40.2
31.0
36.4
38.8
31.3
26.7
38.6
32.7
t Revised seasonally adjusted data for 1958-64 will be shown later.
§ Data include guaranteed direct loans sold.
996.8
61.8
110.7
27.1
108.9
134.8
120.5
8.0
16.9
3.2
12.0
13.1
309.0
21.3
91.6
62.1
31.5
32.5
70.0
117.8
5.9
15.2
2.2
12.3
14.3
110.4
6.7
11.8
3.9
12.0
10.6
93.0
2.5
9.2
3.4
12.7
10.8
7.0
10.0
4.8
1.6
3.5
38.5
6.3
7.5
4.6
.9
3.4
31.9
10.6
124
504.84
SUEVEY OF CURRENT BUSINESS
August 1966
Unless otherwise s t a t e d , statistics through 1964
and descriptive notes are shown in the 1965
edition of B U S I N E S S S T A T I S T I C S
1964
S-ll
1966
1965
1965
Annual
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
240.0
73.7
166.3
12.8
7.8
18.8
126.8
231.0
69.5
161.5
13.1
4.7
22.1
121.7
282.3
79.4
202.9
16.2
5.9
26.0
154.8
282.4
81.6
200.8
16.0
6.6
27.2
151.0
308.9
87.0
221.8
18.7
5.5
31.5
166.2
289.1
80.9
208.3
18.4
6.7
27.8
155.4
24, 712 25, 477
•24,763
25,907
July
DOMESTIC TRADE—Continued
ADVERTISING—Continued
Newspaper advertising linage (52 cities):
Total
___
_mil. linesClassified
--____do___
Display, total.—_.
___do___
Automotive
>_
_do
Financial
-.__do__.
General
_—
do__.
Retail.
—do___
2,973.5 3,164.6
865.6
787.1
2,186.3 2,298.9
159.7
170.4
63.4
60.9
288.5
292. 5
1,776.7
1,673. 2
266.0
75.7
190.3
17.3
5.4
24.9.
142.7
238.7
74.1
164.6
13.4
5.7
18.2
127.3
261.4
79.1
182.3
13.3
3.9
18.1
147.1
271.9
72.9
198.9
13.2
4.6
27.4
153.8
296.3
78.4
217.9
18.8
5.4
30.6
163.2
292.4
71.8
220.7
14.6
5.2
28.7
172.2
285.4
62.0
223.4
9.6
5.4
22.9
185.6
RETAIL TRADE
All retail stores: t
Estimated sales (unadj.), total t
mil. $_
22, 054 21,260
261,630
283,950
23,825
24,129
22,989
22,732
25,067
25,158
30,601
84,173
48,730
45,799
2,931
93,718
56,266
53,217
3,049
8,362
5,094
4,812
282
8,066
4,821
4,540
281
7,448
4,243
3,984
259
7,082
3,784
3,540
244
8,413
4,994
4,719
275
8,390
4,954
4,689
265
8,976
4,835
4,516
319
6,985
4,300
4,089
211
do..
do_.
do..
13,090
8,079
4,199
13,737
8,538
4,223
1,106
708
1,129
724
335
1,139
724
347
1,201
712
1,272
790
394
1,318
819
397
1,619
941
546
Lumber, building, hardware group _do_.
Lumber, bldg. materials dealersd" do..
Hardware stores
do_.
11,340
8,690
2,650
12,115
9,302
2,813
1,143
900
243
1,160
916
244
1,119
889
230
1,102
865
237
1,132
885
247
846
252
1,084
729
355
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
Shoe stores
do.
177,457
15,282
3,121
5,944
3,626
2,591
190,232 15,463
15, 752 1,208
268
3,258
456
6,243
275
3,680
209
2,571
16,063
1,145
236
440
278
191
15,541
1,173
226
443
309
195
15,650
1,324
250
496
348
230
16,654
1,360
280
553
310
217
16,768
1,455
299
602
341
213
21,625
2,418
554
992
566
306
746
1,865
5,477
4,986
1,895
2,015
6,043
5,519
1,963
757
1,984
5,453
4,956
1,926
759
1,856
5,498
5,017
1,820
798
1,878
5,962
5,448
1,884
786
1,747
5,577
5,072
1,849
1,089
1,881
6,559
5,977
1,889
2,746
1,806
184
409
497
2,663
1,731
172
412
542
2,865
1,863
212
426
497
2,962
1,942
223
422
505
3,122
2,035
225
448
533
3,600
2,344
328
484
561
Durable goods stores 9
do_.
Automotive group. _
_._do_.
Passenger car, other auto, dealers_.__do_.
Tire, battery, accessory dealers
_do_.
Furniture and appliance group?
Furniture, homefurnishings stores
Household appliance, TV, radio.
Drug and proprietary stores
Eating and drinking places
Food group
__
Grocery stores._
_____
Gasoline service stations_
.._
do
do_
do.
do_
do
57,272
20,269
9,335
21,423
66,920
61,068
21,765
General merchandise group 9 — do.
Department stores
do
Mail orderhouses (dept. storemdse.) _do
Variety stores
do_
Liquor stores
_
do_
32,350
20,809
2,402
4,948
6,011
35,840
23,421
2,581
5,320
6,305
8,613
19,577
4,
4,166
200
8,372
' 8,713
5,138 ' 4,787 ' 5,189
4,848 ' 4,499 4,865
290
324
1,058
645
342
1,015
614
335
1,150
714
1,097
699
336
817
619
198
774
594
180
762
218
794
244
15, 069 14,262
1,152 1,009
200
249
428
466
213
244
168
16,106
1,277
225
544
275
233
778
1,708
5,600
5,127
1,815
752
1,618
5,348
4,874
1,667
1,809
5,808
5,297
1,827
'819
1816
'829
824
1,901 '1,965 ' 2,055 i 2,203
5,747
16,364
'
6,001
6,075
5,559 '5,240 ' 5,473 i 5,834
1,898 '1,947 ' 2,003 12,081
5,644
3,745
358
888
826
2,375
1,564
166
313
496
2,285
1,474
166
335
470
2,887
1,892
218
393
496
3,080 '3,034 '3,206
2,007 '2,003 ' 2,136
202
198
192
'429
460
455
'530
541
538
1,129 '1,227
'714
766
391
'348
' 1,083
'824
'259
17,194
17,105 '16,694
1, 456 r 1,341 '1,385
303
'262
268
542
'563
604
299
'285
305
241
'231
279
23,322
23,668
23,585
23,753
24.194
24,647
24,816
25,023
25,263
25,536
7,665
4,606
4,359
247
7,827
4,743
4,491
252
7,755
4,660
4,402
258
7,768
4,658
4,398
260
7,865
4,614
4,345
269
8,092
4,776
4,509
267
8,252
4,953
4,714
239
8,324
4,884
4,610
274
8,399
4,995
4,718
277
8,649
5,121
4,822
299
7,939 '7,506 •8,000
4,580 '4,288 4,731
4,302 ' 4,017 4,443
'271
278
Furniture and appliance group 9
do..
Furniture, homefurnishings stores____do_.
Household appliance, TV, radio
do_.
1,099
699
334
1,118
722
334
1,127
706
353
1,184
716
389
1,221
749
1,218
756
366
1,207
735
378
1,208
759
378
1,220
730
405
1,249
765
405
1,202
741
379
1,183
'734
'372
1,206
747
396
Lumber, building, hardware group. -__do_.
Lumber, bldg. materials dealerscf.. _do_.
Hardware stores
do_.
1,011
783
228
1,016
782
234
1,002
768
234
1,002
765
237
1,021
775
246
1,074
819
255
1,070
825
245
1,149
896
253
1,114
862
252
1,150
895
255
1,034
797
237
'990
'752
'238
1,010
772
238
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
Shoe stores
do
15,657
1,278
262
501
303
212
15,841
1,315
268
510
326
211
15,830
1,306
271
500
327
208
15,985
1,343
278
508
344
213
16,329
1,321
276
535
290
220
16.555
1,384
280
566
311
227
16,564
1,340
16, 699 16,864
1.417 1,450
289
289
570
594
318
327
240
240
16,887
1,377
277
569
299
232
17,010
1,389
279
579
308
223
1,406
'283
'578
'313
'232
17,359
1,472
299
594
332
247
do..
do_.
do_.
...do..
do..
760
1,769
5,534
5,053
1,824
775
1,812
5,571
5,076
1,831
779
1,807
5, 568
5,078
1,820
794
1,814
5,586
5,097
1,827
816
1,825
5,788
5,271
1,843
818
1,810
5,757
5,235
J,860
828
1,875
5,956
5,432
1,838
806
1,879
5,783
5,278
1,907
1,915
5,879
5,359
1,907
816
1,935
5,917
5,391
1,907
843
1,924
5,981
5,467
1,927
'831
• 1,910 1,952
1,920
5,997
5,481
1,928
General merchandise group 9
do_.
Department stores
do_.
Mail order houses (dept. store mdse.) _do_.
Variety stores
..._
do_.
Liquor stores
_
do_.
2,894
1,885
211
442
525
2,961
1,936
219
443
527
2,988
1,961
211
448
513
3,043
1,982
223
452
530
3,055
1,978
220
459
531
3,199
2,087
235
469
543
3,069
2,019
209
433
533
3,230
2,119
243
451
560
3,225
2,127
223
457
561
3,225
2,119
220
459
559
3,194
2, 099
224
453
564
3,213
• 2,113
216
'467
'560
3,353
2,209
219
488
566
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
_
Estimated inventories, end of year or month: t
Book value (unadjusted), total t———mil. $__
Durable goods stores 9 do
Automotive group.
do__..
Furniture and appliance group
do
Lumber, building, hardware group _ _ do
30,181
12,854
5,578
2,227
2,461
32,903
14,433
7,189
2,312
2,427
33, 087
15,002
7,308
2,383
2,590
32,935
14,918
7,300
2,338
2,547
32,743
14,317
6,615
2,396
2,520
32, 527
13,623
5,945
2,426
2,529
33,708
14,016
6,344
2,419
2,526
34,771
14,533
17,327
3,432
3,822
5,381
3,174
18,470
3,677
4,074
5,831
3,466
18,085
3,631
3,803
5,825
3,378
18,017
3,638
3,762
5,855
3,400
18,426
3,930
3,735
6,025
3,517
18,904
4,141
3,720
19,692
4,213
3,892
6,749
4,023
20,238
4,266
3,982
6,920
4,175
Book value (seas, adj.), total f
do____ 31,130 33,957 33,014 33,088 33,360
13,136 14,782 14,546 14,592 14,819
Durable goods stores 9 do
7,213
5,645
7,329 6,900 6,979
Automotive group
do
2,401
2,359 2,393 2,357
2,272
Furniture and appliance group
do
2,507
2,512 2,525 2,525
2,550
Lumber, building, hardware group.._do
' Revised.
i Advance estimate.
tRevised series. Data reflect use of new sample
(effective with data for Oct. 1965) based on definitions and classifications according to the
1963 Census of Business. See p. 20 fl\ of the Feb. 1966 SURVEY for data back to 1959 for mfg,
and trade inventories, total and retail inventories. See p . 18 ff. of the April SURVEY for
inventory-sales ratios, mfg, and trade sales, total, and retail sales back to 1959 (revised ac-
33,045
14,621
7,036
2,393
2,534
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
Department stores
-do
do
do
do
do
6,772
2,502
2,525
297
214
•5,931
• 5,431
32,903 33,103
14,433 14,923
7,189 7,541
2,312 2,312
2,427 2,462
34,148 35, 285 35,699 35,977
15,480 15, 916 16,118 16,602
8,552
8,218
8,123
7,951
2,307 2,372 2,480 2,535
2,634
2,504 2,587 2,602
16,629
8,558
2,536
2,609
18,470
3,677
4,074
5,831
3,466
18,668
3,753
3,945
6,071
3,546
19,581 19,375
3,910
3,951
4,079 4,056
6, 543 6,445
3,887 3,837
19,254
3,812
4,104
6,391
3,792
18,180
3,544
3,959
5,933
3,442
19,369
3,939
4,033
6,432
3,787
11,233
17,233
11,169
12,950
11,952
24,949 •24,475 '25,359 1 25, 507
do_.
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
i 8,294
14,867
1,163
903
260
do_.
do_.
do..
do_.
Estimated sales (seas, adj.), total t -
i 25, 527
8,606
5,430
5,169
261
18,215
17,292
33,296 33,533 33,957 34,113 34,427 34,556 34,737 35,266 35,595
14, 782 14,774 14,782 14,949 15,113 15,201 15,336 15,813 15,927
7,902
7,250 7,304 7,329 7,315
7,361
7,365
7,484 7,768
2,335 2,383 2,359 2,398 2,383 2,389 2,458 2,530 2,547
% 562 2,563 2,512 2,541
2,558 2,532 2,532 2,558 2,542
counts receivable data prior to Oct. 1965 are not presently available). Complete details appear in the Monthly Retail Trade Report, Jan. 1966 and subsequent issues, available from the
Bureau of the Census, Wash., D.C., 20233. 9 Includes data not shown separately. (^Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
SURVEY OF CUEEENT BUSINESS
S-12
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
| 1965
August 1966
1966
1965
Annual
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar,
Apr.
19,175
3,871
4,111
6,289
3,718
19,164
3,844
4,027
6,501
3,803
19,314
3,917
3,981
6,443
3,805
19,355
3,904
4,012
6,479
3,802
19,401 19,453
3,915 3,966
4,019
4,040
6, 523 6,508
3,875
5,256
6,214
6,661
6,291
6,600
420
45
158
125
207
183
96
373
42
145
102
206
187
100
48
144
107
217
197
107
2,236
1,511
368
2,631
2,220
1,516
341
2,336
2,353
1,621
363
2,441
137
May-
June
July
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail storesf— Continued
Estimated inventories, end of yr. or mo.f—Con.
Book value (seas, adj.)—Continued
Nondurable goods stores 9
mil. $_
Apparel group
do___
Food group
.
do___
General merchandise group
do__ _
Department stores
do___
Firms with 4 or more stores:
Estimated sales (unadjusted), total
Firms with 11 or more stores:f
Estimated sales (unadj.), total9t
Apparel group 9
Men's and boys' wear stores. __
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
17,994
3,613
3,857
5,809
3,410
do.
do___
___do___
do___
_do___
do___
do___
do.._
18,424
3,903
3,735
6,004
3,503
18,514 18,759
3,848 3,867
3,812 3,896
6,040 6,092
3,542 3,608
73,454
5,898
6,092
6,432
6,591
9,275
5,494
4,445
557
1,656
1,168
2,300
1,891
1,193
351
45
128
97
183
167
103
314
38
120
82
189
170
97
337
36
125
89
183
172
376
41
139
106
187
168
102
390
52
145
96
197
169
109
412
53
153
98
196
155
110
679
94
263
154
318
167
135
288
40
102
81
185
163
86
179
155
86
361
37
135
104
199
187
105
23,645
15,807
3,770
26,198
26,112
17,593
4,096
27,725
2,032
1,378
315
2,221
1,982
1,334
315
2,497
2,135
1,431
328
2,142
2,188
1,480
326
2,249
2,260
1,522
347
2,451
2,615
1,743
386
2,241
4,070
2,751
701
2,831
1,707
1,162
244
2,311
1,636
1,087
262
2,216
2,095
1,416
316
2,416
1,242
1,312
123
121
114
108
121
108
134
93
84
do.__
General merchandise group 9 --—do..
Dept. stores, excl. mail order sales
do..
Variety stores
.
do..
Grocery stores
_._do_.
Lumber yards, bldg. materials dealerscf—do..
Tire, battery, accessory dealers..
do_
All retail stores, accounts receivable, end of yr. or mo.:
Total (unadjusted)t
_--.-_
mil. $_
Durable goods stores
do__.
Nondurable goods stores.
do...
Charge accounts
___;
do__.
Installment accounts
do...
.-___.
18,541
3,899
3,815
6,048
3,553
4,287
531
1,622
1,155
2,029
1,677
1,126
Apparel group 9
do_.
Men's and boys' wear stores
.do..
Women's apparel, accessory stores
do..
Shoe stores
do..
Drug and proprietary stores
___do_
Eating and drinking places
do..
Furniture and appliance group
.
do..
Total (seasonally adjusted)!
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
18,496
3,842
3,804
6,055
3,575
19,668
4,000
4,091
6,625
3,975
do_.
General merchandise group 9
-do_ _ _
Dept. stores, excl. mail order sales
do___
Variety stores
do___
Grocery stores...
-__
do___
Lumber yards, bldg. materials dealerscf—do___
Tire, battery, accessory dealers
do___
Estimated sales (seas, adj.), t o t a l 9 t —
19,175 18,468
3,871
3,810
4, 111 3,792
6,289 6,035
3,718 3,541
116
124
124
6,610
6,574
6,536
6,037
6,091
6,162
6,248
6,209
6,373
6,445
6,475
45
133
97
188
159
368
46
137
95
193
158
371
47
133
97
194
160
375
47
139
97
198
163
382
49
146
99
204
164
383
46
139
104
203
160
374
45
143
100
206
168
392
49
146
106
199
180
407
47
156
104
205
179
386
43
144
106
208
193
45
150
100
213
184
43
146
102
215
181
402
48
149
108
224
187
2,112
1,413
337
2,302
2,172
1,458
338
2,301
2,216
1,506
342
2,303
2,250
1,515
348
2,323
2,203
1,469
353
2,339
2,342
1,577
371
2,325
2,217
1,516
342
2,499
2,330
1,564
362
2,378
2,392
1,625
366
2,422
2,363
1,587
371
2,421
2,295
1,553
359
2,506
2,336
1,576
370
2,449
2,422
1,644
385
2,491
108
109
114
116
120
107
94
123
120
136
120
117
121
16, 780 17,166 18,193
6,926
6,943 7,120
9,854 10, 223 11,073
7,907
8,040
8,873
9,126 9,924
17,486
6,838
10,648
7,786
9,700
16,912
6,583
10,329
7,471
9,441
16,865
6,578
10,287
7,533
9,332
17,065
6,606
10,459
7,778
9,287
17,520
6,894
10,626
8,113
9,407
17,727
7,058
10,669
8,300
9,427
16,824
6.722
10,102
7,825
8,999
17,207
7,039
10,168
7,842
9,365
17,419
7,020
10,399
7,881
9,538
17,418
6,954
10,464
7,895
9,523
17,306
6,835
10,471
7,812
9,494
17,481 17,677
6,941 6,898
10, 540 10,779
7,954 8,216
9,527 9,461
18,193
7,120
11,073
9,924
do..
do..
do..
do..
do..
31
99
73
17,034
6,916
10,118
7,833
9,201
17,180 17,034
6,891 6,916
7,965
9,215
10,118
7,833
9,201
Department stores:
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...
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas.
mil
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over, total, unadj.
mil__
1
192.12
1194. 57
194. 37
194. 57
194.79
195. 01
195. 24
195.45
195.64
195.83
196. 00
196.16
196.34
196.50
196.67
196.84
134.14
136. 24
136.16
136. 25
136. 47
136. 67
136.86
137.04
137.23
137.39
137.56
137.74
137. 91
138.10
138.28
138.44
_thous__
do
do
do
do
76,971
74,233
70,357
4,761
65,596
78,357
75,635
72,179
4,585
67,594
80,683
78,003
73,716
5,622
68,094
81,150
78,457
74,854
5,626
69,228
80,163
77,470
74,212
5,136
69,077
78,044
75,321
72,446
4,778
67,668
78,713
75,953
73,196
4,954
68,242
78,598
75,803
72,837
4,128
68,709
78,477
75,636
72,749
3,645
69,103
77,409
74,519
71,229
3,577
67,652
77,632
74,708
71,551
3,612
67,939
78,034
75,060
72,023
3,780
68,244
78,914
75,906
73,105
4,204
68, 900
79,751
76,706
73,764
4,292
69,472
82,700
79,601
75,731
5,187
70,543
82,771
79,636
76,411
5,010
71,402
Unemployed (all civilian workers)
do
Long-term (15 weeks and over) _ do
Percent of civilian labor force—
Not in labor force.-thous__
Civilian labor force, seasonally adj©
do
Employed, total .__
do
Agricultural employment
do
Nonagricultural employment
do
Unemployed (all civilian workers)
_do
Long-term (15 weeks and over)
do
Rates: f
All civilian workers
Men, 20 years of age and over
_
Women, 20 years of age and over
Both sexes, 14-19 years of age
3,876
973
5.2
57,172
3,456
755
4.6
57,884
4,287
762
5.5
55,477
3,602
587
4.6
55,102
3,258
612
4.2
56,310
2,875
609
3.8
58,626
2,757
588
3.6
58,149
2,966
531
3.9
58,445
2,888
600
3.8
58,749
3,290
678
4.4
59,985
3,158
685
4.2
59,930
3,037
749
4.0
59,707
2,802
779
3.7
58,994
2,942
602
3.8
58,349
3,870
466
4.9
55,575
3,225
373
4.0
55, 673
75,652
72,085
4,651
67,434
3,567
779
76,054
72,618
4,639
67,979
3,436
685
75,772
72,387
4,572
67,815
3,385
717
75,611
72,297
4,418
67,879
3,314
728
75,846
72,561
4,551
68,010
3,285
697
76, 111
72,914
4,273
68,641
3,197
644
76,567
73,441
4,486
68,955
3,126
660
76, 754
73,715
4,429
69, 286
3,039
661
76,355
73,521
4,442
69, 079
2,834
579
76, 341
73,435
4,363
69,072
2,906
588
76, 666 76, 268
73,799 73,231
4, 482
4,076
69,317 • 69,155
3,037
2,867
536
603
77,086
73,997
4,238
69, 759
3,089
476
77,098
74,072
4,144
69,928
3,026
435
4.7
3.2
4.8
14.0
4.5
3.2
4.4
13.4
4.5
3.1
4.4
12.9
4.4
3.0
4.2
13.2
4.3
2.9
4.2
13.2
4.2
2.8
4.3
12.3
4.1
2.6
4.0
12.9
4.0
2.6
3.8
12.0
3.7
2.6
3.6
10.9
3.8
2.6
3.6
11.7
4. 0
2.6
3.9
12.3
3.9
2.6
3.7
12.2
Total labor force, incl. armed forces
Civilian labor force, total
Employed, total
Agricultural employment
Nonagricultural employment
r
5.2
3.9
5.2
14.7
4.6
3.2
4.5
13.6
Revised.
i As of July 1.
tSee corresponding note on p . S-ll.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
3.7
2.4
3.6
12.0
4.0
2.4
4.0
13.4
© Effective with the Feb. 1966 SURVEY, data reflect revised seasonal factors; comparable
data for earlier periods appear in the Feb. 1966 BLS report, Employment and Earnings and
Monthly Report on the Labor Force, GPO, Wash., D.C. 20402.
1 Unemployed in each group as percent of that group.
August 1966
SUJ KVJW]t OF (JUJb
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
T BlJSliNJ
S-13
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Employees on payrolls (nonagricultural estab.):f
Total, unadjusted!
...thous.
Manufacturing establishments_.
Durable goods industries
Nondurable goods industries..
Mining,total9
Metal mining
Coalmining
Crude petroleum and natural gas
60,694 60,960
61,515
61,786
62,029
62,660 61,041
61, 212 61,826
62,500
63,023
64,078 63,830
.8,027 18,016
.0,437 10,416
7,590 7,600
18,211
10,410
7,801
18,428
10,608
7,820
18,412
10,623
7,789
18,443
10,686
7,757
18,415
10,718
7,697
18,274
10,697
7,577
18,457
10,812
7,645
18,588
10,910
7,678
18,709
11,027
7,682
18,839
11,118
7,721
19,171
11,295
7,876
19,066
11,200
7,866
' 640
87
143
281
642
3,645
4,149
58,156
60,444
60,848
_ _ _do_ _ _ _ 17,259
do
9,813
do
7,446
17,984
10,379
7,604
do___.
do
do
do....
633
79
148
628
83
142
282
640
84
142
641
84
139
290
640
85
140
288
627
84
136
281
629
83
143
278
631
84
145
279
628
84
144
281
617
83
143
277
613
84
143
275
615
84
142
275
585
105
274
'625
85
' 141
274
Contract construction
.
do
Transportation and public utilities 9
do
Railroad transportation
do
Local and interurban passenger transit._do
3,056
3,947
756
267
3,211
4,031
737
267
3,412
4,070
747
263
3,476
4,083
749
248
3,575
4,098
750
252
3,495
4,112
741
270
3,465
4,104
738
271
3,375
4,091
730
270
3,203
4,087
733
273
2,974
4,025
718
273
2,851
4,034
710
272
3,015
4,054
711
272
3,191
4,075
714
268
'3,310
'4,113
718
267
3,550
4,175
730
255
Motor freight trans, and storage
do
Air transportation
do
'telephone communication. _
do
jSlectric, gas, and sanitary services.____do
920
213
706
614
965
231
737
620
978
229
740
627
233
755
234
756
1,001
236
744
630
1,005
238
742
622
1,001
240
744
618
993
243
745
621
954
242
745
619
962
246
748
618
970
248
753
619
975
252
759
621
991
255
763
622
1,026
260
780
637
12,716
3,303
9,413
3,049
8,959
10,427
Wholesale and retail trade__
Wholesale trade
-_...
Retail trade
Finance, insurance, and real estate
Services and miscellaneous
Government
...
.__•
do
do
do
do
do
do.
12,132
3,173
8,959
2,964
8,569
9,595
12,588 12,596 12,583 12,574 12,639
3,263 3,269 3,301 3,312 3,307
9,325 9,327 9,282 9,262 9,332
3,044 3,062 3,098 3,102 3,073
8,907 9,008 9,081 9,062 9,039
10,051 10,033 9,716
10,102
12,736
3,321
9,415
3,066
9,073
10,301
12,960 13,638
3,326 3,345
9,634 10,293
3,062 3,064
9,054 9,046
10,413 10,579
Total, seasonally adjusted!
Manufacturing establishments...
Durable goods industries
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries
_... do
do.
do.
do
do
do
do
__do
58,156
17,259
9,813
247
602
406
612
1,231
60,444
17,984
10,379
236
606
429
621
1,292
60,290
17,943
10,345
234
601
428
612
1,306
60,756
18,098
10,494
242
601
430
622
1,308
61,001
18,163
10,523
243
605
432
624
1,284
61,472
18,321
10,615
244
613
435
627
1,269
Fabricated metal products.
___do_.
Machinery
do..
Electrical equipment and supplies, _.do..
1,187
1,606
1,548
1,260
1,714
1,672
1,259
1,707
1,665
1,269
1,728
1,677
1,263
1,728
1,683
1,269
1,736
1,697
1,274
1,745
1,722
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
1,605
1,740
385
424
1,735
383
415
1,740
389
418
1,781
388
428
1,771
390
428
do.
do.
do.
60,501 60,621
18,032 18,072
10,424 10,476
239
236
603
602
430
427
618
618
1,317 1,318
7,604 7,598 7,608 7,596
Nondurable goods industries
do_...
7,446
1,737 1,728 1,733 1,723
Food and kindred products
do
1,746
84
Tobacco manufactures
do
80
89
86
87
920
Textile mill products
do
921
891
916
921
1,351
Apparel and related products
...do.
1,367 1,343 1,345
1,302
638
Paper and allied products
_do.
637
625
634
641
977
Printing, publishing, and allied ind..do
950
975
981
981
902
Chemicals and allied products
do....
877
900
911
908
178
Petroleum refining and related ind.-.do
179
183
177
179
464
Rubber and misc. plastics products. _ do
466
434
463
464
354
Leather and leather products
do.
353
352
351
628
Mining
do.
627
626
633
3,211
C ontract construction
do.
3,056
3,195 3,154 3,189
4,031 4,034 4,031 4,049
Transportation and public utilities
do.
3,947
Wholesale and retail trade
do.
12,132 12,588 12,580 12,619 12,600
3,044 3,041 3,049 3,053
Finance, insurance, and real estate
..do
2,964
8,907 8,857 8,929 8,946
Services and miscellaneous
do.
8,569
Government
do.
9,595 10,051 10,014 10,054 10,085
Production workers on mfg. payrolls, unadjusted:!
13,376 13,412 13,361 13,540
Total, unadjusted!
thous__ 12,769
13,340 13,405 13,440
Seasonally adjusted
do.
Durable goods industries, unadjusted--do
7,750 7,701 7,683
7,6
7,209
Seasonally adjusted
do
7,662 7,721 7,769
Ordnance and accessories
..do
106
102
102
99
100
Lumber and wood products
__do
530
558
532
553
553
Furniture and
fixtures
do
337
360
355
356
353
Stone, clay, and glass products
do...
492
516
507
499
512
Primary metal industries
do___
1,002
1,085
1,055
1,080 1,076
Blast furnaces, steel and rolling mills. do___
459
504
506
481
506
Fabricated metal products
do___
912
979
984
976
974
Machinery
do...
1,118
1,206 1,204 1,196
1,199
Electrical equipment and supplies, __do___
1,136
1,146
1,132 1,148
Transportation equipment 9
do.. _
l| 120
1,244 1,218 1,144
1,241
Motor vehicles and equipment
do...
568
581
667
678
660
Aircraft and parts
do...
356
353
341
350
338
Instruments and related products
do...
246
250
245
234
247
Miscellaneous mfg. industries
do...
340
355
336
319
329
Nondurable goods industries, unadj
do...
5,857
5,560
5,662
5,660
5,684
Seasonally adjusted
do. _ _
5,678 5,684 5,671
Food and kindred products
do. _ _
1,154
1,256
1,124 4,175
1,146
Tobacco manufactures
do
77
78
63
63
72
Textile mill products.
_do_..
798
830
826
816
821
Apparel and related products....
do...
1,224
1,158
1,208
1,165
1,203
Paper and allied products
_do___.
503
489
499
499
497
Printing, publishing, and allied ind..do___
601
622
616
618
620
Chemicals and allied products
do...
529
551
544
548
542
Petroleum refining and related ind—do.._
114
114
112
110
114
Petroleum refining
do...
90
87
86
87
8
Rubber and misc. plastics products..do.__
335
361
363
358
354
Leather and leather products. _
do...
311
306
318
310
308
' Revised, p Preliminary.
!Beginning in the Jan. 1966 issue of the SURVEY, data for employment, hours, earnings, and
labor turnover reflect adjustment to M a r . 1964 benchmarks a n d the introduction of the 1963
amendments to t h e 1957 S I C system; they are n o t strictly comparable with previously pub-
12,617 12,700
3,299 3,305
9,318 9,395
3,054 3,075
9,030 9,112
10,556 10,667
12,883 r12,923 13,102 13,073
3,314 '3,324 ' 3,391 3,423
'9,599 ' 9,711 9,650
3,103 ' 3,144 3,178
9,242 9,348 ' 9,471 9,554
10,726 10,762 '10,825 10,523
62,935 63,050 63,496 63,646
18,860 18,930 19,083 19,088
11,056 11,103 11,200 11,212
273
261
'270
266
619
628
'617
618
458
451
'458
457
638
640
'633
634
1,352
1,303 '1,309 '1,334
1,294
1,768
1,741
62,148 62,501 62,918
18,522 18,691 18,780
10,996
10, 805 10,919
255
257
250
630
636
633
448
451
447
640
643
644
1,283 1,288 1,294
1,300
1,314 1,327 1,334
1,771
1,783 1,798 1,800
1,769
1,794 1,826 1,843
1,767
392
435
1,790
394
440
1,805
398
446
1,822
405
430
1,860
410
437
1,884
414
440
1,890
416
443
7,640
1,733
81
928
1,362
643
984
909
910
177
179
469
465
354
354
622
617
3,186 3,202
4,067 4,071
12,641 12,684
3,061 3,069
8,967 9,019
10,119 10,171
7,706
1,761
81
7,722
1,745
84
937
1,377
650
992
918
178
483
358
630
3,386
4,079
12,822
3,082
9,128
10,328
7,717
1,743
83
939
1,355
654
7,772
1,749
82
943
1,383
658
1,004
927
176
487
7,784
1,748
84
946
1,384
659
1,003
931
175
491
7,804
1,738
84
947
1,392
659
1,013
931
176
496
368
591
3,370
4,112
13,004
3,101
9,261
10,636
7,604
1,717
79
924
1,356
640
646
990
914
178
477
357
627
3,267
4,079
12,754
3,074
9,081
10,269
61,884
18,429
10,707
243
623
442
636
1,274
922
177
485
361
632
3,383
4,090
12,909
3,080
9,142
10,390
631
3,374 3,462
4,104 4,107
12,942 13,015
3,082 3,100
9,205 9,251
10,472 10,571
1,335
1,330 '1,340
1,809
1,826 ' 1,845
1,880 '1,895
1,927
r
1,353
1,869
1,942
l, 901 '1,904
' 426
422
'446
'445
1,837
428
443
7,883
1,731
85
'953
1,425
7,876
1,734
84
955
1,400
671
1,028
955
179
509
361
634
3,308
4,096
13,111
3,128
9,394
10,887
' 7,827
r 1,728
'84
950
"• 1,410
661
' 1,014
937
178
'498
'367
'623
'3,274
' 4,125
13,021
' 3,106
9,283
10,688
' 1,022
' 953
'178
'504
' 364
'626
'3,324
'4,138
13,086
' 3,122
' 9,313
10,804
13,773 13,754 13,770 13,724 13,571 13,727 13,828 13,917 14,020 14,295 14,147
13,457 13,507 13,647 13,731 13,801 13,937 14,003 14,054 14,095 14,220 14,202
8,28G
7,949 7,968 7,929 8,024 8,098 8,191 ' 8,260 r8,406
7,887 7,900
8,314
8,214 ' 8,240 ' 8,315
7,878 7,955 8,027 8,122 8,177
7,781 7,798
132
128
120
122
126
108
110
108
114
118
106
567
'566
527
534
'543
533
540
543
522
522
550
377
'380
371
371
'373
368
367
366
366
367
364
528
'524
496
510
515
500
508
511
489
488
519
1,106
'
1,104
1,060
1,077
1,082
1,017 1,026
1,035
1,049
1,069 1,032
491
460
472
477
437
435
451
442
449
484
1, 044
1,033 ' 1,037 '1,055
1,017 1,016
1,004
1,012
1,018 1,023
999
1, 316
1,285 '1,295 '1,311
1,242 1,250
1,226
1,212
1,266 1,277
1,212
'1,334
1, 333
1,265
1,241
1,290
'1,300
1,221
1,245
1, 261
1,180 1,203
1, 264
1,357 '1,367 '1,367
1,314 1,324 1,318
1,340 1,355
1,270 1,291
696
699
695
700
706
706
697
688
696
682
442
'432
417
425
430
391
381
369
400
408
364
274
'276
266
266
270
256
258
254
260
263
254
347
'362
338
346
353
352
373
376
330
318
365
5,861
5,726 ' 5,760 ' 5,889
5,756 5,642 5,703 5,730
5,821
5,886 5,854
5,888
5,776 5,774 5,815 5,826 5,840 ' 5,855 '5,905
5,769
5,676 5,709
1,180
'1,133
1,075
1,075
1,136
'
1,081
1,194
1,074
1,232
1,088
1,266
60
61
64
62
60
76
67
7f
86
70
86
845
'859
848
834
840
844
834
838
832
835
828
1,211
1,236
1,244
1,223 '1,238 '1,256
1,228 1,220 1,179
1,229
1,229
523
'526
512
507
511
509
504
507
506
505
504
651
642
'643
651
638
635
635
634
630
630
626
571
564
566
'575
543
556
549
543
544
543
54'
114
109
114
108
'110
107
107
109
107
111
113
86
85
84
86
84
'84
84
84
85
85
86
389
380
37'
383
'392
386
378
380
372
378
369
316
316
320
314
'321
314
316
311
318
316
312
lished figures. Comparable earlier data appear in B L S Bulletin 1312-3, Employment a n d
Earnings Statistics for the United States, 1909-65 (Dec. 1965), $4.25, G P O , Washington,
D . C . 20402.
9 Includes data for industries n o t shown separately.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
August 1966
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
2,462
256
2,482
258
2,560
274
July p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT—Continued
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States
.
thous__
Wash., D.C., metropolitan area
__do
2,317
244
2,347
251
2,342
255
2,375
258
2,376
256
2,341
251
2,352
251
2,371
253
2, 512
i 254
2,375
251
2,400
252
2,429
255
Railroad employees (class I railroads) :©
Total
do
Index, seasonally adjusted
1957-59=100--
683
75.8
652
73.4
663
73.1
667
73.7
666
74.2
656
74.3
652
74.6
644
75.1
645
75.5
P633
v 631
v 70.7
p 631
70.3
132.5
124.2
93.0
145.3
135.9
96.5
156.8
136.7
99.1
162.0
135.1
170.2
136.1
100.5
160.7
140.3
97.2
165.3
141.4
99.4
151.2
142.4
97.4
146.5
143. 8
99.4
132.5
140.8
96.9
126.4
143.2
95.9
139.0
144.7
97.1
146.2
146.1
'86.9
153. 6
148.3
101.8
171.8
151.9
105. 8
181. 1
148.8
105.7
40.7
41.2
3.1
41.4
3.6
42.0
41.0
41.0
3.4
41.6
41.7
3.7
41.1
41.0
3.5
41.7
41.7
3.8
41.0
40.9
3.8
41.7
41.6
4.0
41.3
41.2
3.9
42.1
42.0
4.2
41.4
41.4
3.9
42.2
42.2
4.3
41.7
41.4
4.0
42.6
42.2
4.4
41.2
41.5
3.7
42.1
42.4
4.1
41.3
41.6
3.8
42.1
42.4
4.2
41.4
41.5
3.8
42.2
42.3
4.2
41.2
41.5
3.9
42.2
42.4
4.3
41.5
41.4
4.0
42.3
42.2
4.3
'41.6
'41.3
4.0
42.3
41 9
4.3
41.2
41.2
3.7
41.8
41.9
3.9
P639
P651
p 72.1
P71.8
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) f_ 1957-59= 100_Manufacturing (production workers)!
__do___.
Mining (production workers) f
...
do
HOURS AND EARNINGS!
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unadjusted:!
All manufacturing estab., unadj.!hours..
Seasonally adjusted
do
Average overtime
do
Durable goods industries
______do
Seasonally adjusted:
do
Average overtime
do
3.3
3.9
41.3
41.0
3.6
42.2
41.8
4.0
Ordnance and accessories
—do
Lumber and wood products
_ _ do*. _ - _
Furniture a n d
fixtures
do
Stone, clay, a n d glass products
_.___do
P r i m a r y metal industries
do
Blast furnaces, steel and rolling mills__do
40.5
40.4
41.2
41.7
41.8
41.1
41.9
40.8
41.5
41.9
42.1
41.0
41.8
40.7
41.4
42.3
42.6
41.8
42.2
40.8
41.0
42.3
42.4
42.0
41.9
41.4
42.0
42.5
41.8
41.0
41.9
41.0
41.7
42.3
41.7
39.9
42.4
41.4
42.2
42.3
40.9
38.2
42.4
40.8
42.0
42.3
40.7
37.8
42.9
41.2
42.6
42.2
41.4
38.5
42.7
40.9
41.0
41.6
41.9
40.1
42.2
40.4
41.2
41.4
42.0
40.3
41.8
40.6
41.5
42.0
42.1
40.6
42.1
41.1
40.9
42.1
42.3
41.2
' 42.3
41.7
'41.4
42.3
42.4
Ml. 2
'42.2
' 41. 3
' 41.8
'42.5
'42.5
41.5
41.8
41.0
41. 2
42.1
42.0
Fabricated metal products
do___Machinery
__do____
Electrical equipment a n d supplies_.
do
41.7
42.4
40.5
42.1
43.1
41.0
42.4
43.4
41.1
41.7
42.8
40.3
42.0
42.5
40.7
41.9
42.8
40.8
42.4
43.3
41.2
42.4
43.4
41.5
42.6
44.2
42.0
42.0
43.7
41.3
42.2
44.0
41.4
42.2
44.1
41.3
42.1
43.8
41.1
42.6
44.1
41.3
'42.6
44.0
41.3
41.9
43.4
40.9
Transportation equipment 9 - - Motor vehicles a n d equipment
Aircraft a n d parts
Instruments a n d related products
Miscellaneous mfg. industries
42.1
43.0
41.4
40.8
39.6
42.9
44.2
42.0
41.4
39.9
43.1
44.5
42.0
41.6
39.7
42.1
42.9
41.9
41.2
39.3
41.4
41.6
41.7
41.4
40.0
41.8
42.3
41.5
41.6
40.0
43.4
44.7
42.3
41.9
40.4
43.9
45.4
43.1
42.0
40.4
44.1
45.3
43.7
42.0
40.5
43.3
43.7
44.0
42.0
39.6
42.9
43.2
43.6
42.2
40.2
42.7
42.9
43.4
42.2
40.4
43.0
43.7
42.9
41.8
39.7
'42.4
42.0
-•43.6
'42.2
'40.1
'42.5
42.2
43.5
'42.1
'40.1
41.9
40.2
40.2
40.1
40.3
39.7
Nondurable goods industries, unadj__---_do
40.0
39.9
40.0
Seasonally adjusted
do
3.1
3.1
3.2
3.1
2.9
Average overtime
do
41.9
41.5
41.1
41.2
41.0
Food and kindred products
do
37.9
37.9
37.6
37.8
38.8
Tobacco manufactures
do
41.9
41.7
41.3
41.9
41.0
Textile mill products
do___.
36.9
36.4
36.5
36.6
35.9
Apparel and related products
_._do
43.3
43.1
43.1
43.3
42.8
Paper and allied products
_____do
38.4
38.7
38.6
38.5
38.5
Printing, publishing, and allied ind____do___.
41.6
41.7
41.9
42.0
41.6
Chemicals and allied products __•
.do
42.7
42.2
42.8
42.4
41.9
Petroleum refining and related ind—-__do___.
41.7
41.8
41.6
41.8
41.4
Petroleum refining
do
42.1
42.0
42.1
41.7
41.3
Rubber and misc. plastics products
do
38.4
38.2
38.4
37.9
38.6
Leather and leather products
___do—
Nonmanufacturing establishments:!
42.4
43.2
42.3
42.6
41.9
Mining 9
do
41.6
41.7
41.9
41.6
41.4
Metal mining
do
40.8
41.0
» 39.9
« 39.0
Coal mining___
do
42.9
41.9
42.5
42.3
42.5
Crude petroleum and natural gas
do
37.4
38.9
37.2
38.0
38.6
Contract construction
do___
36.1
36.3
36.9
37.1
35.8
General building contractors
do
40.8
41.7
42.8
43.4
40.8
Heavy construction
do
37.4
37.8
38.0
36.6
Special trade contractors
do
Transportation and public utilities:
42.4
42.1
42.6
42.7
42.0
Local and suburban transportation.
do
42.9
42.5
42.9
43.2
41.9
Motor freight transportation and storage. do_ _.
39.9
40.6
40.4
40.4
40.2
Telephone communication.._...
do.__
41.1
41.2
41.3
41.2
41.4
Electric, gas, and sanitary services
do...
37.9
38.3
37.9
38.4
37.7
Wholesale and retail t r a d e . . . .
do___
40.9
41.0
40.7
41.0
40.8
Wholesale trade__ _ _•
do
36.9
37.4
37.0
37.5
36.6
Retail trade
__•
__..do___
Services and miscellaneous:
37.9
38.9
38.9
38.4
37.7
Hotels, tourist courts, and motels
do
38.6
39.2
39.0
38.7
Laundries, cleaning and dyeing plants. _ _ do. _ _
38.8
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.:!
102. 97
107. 53 107. 79 107. 01 106.45
All manufacturing establishments f
dollars117.18 117. 74 116. 06 115.51
Durable goods industries
do
112.19
130. 73 129. 58 131. 66 131.15
122. 31
Ordnance and accessories
_ _ do
88.94
88.54
91.08
88.73
85.24
Lumber and wood products
. . . . do
89.04
86.94
86.51
87.98
84.46
Furniture and fixtures
..
. . . do
109. 78 110. 40 110. 83 111. 78
Stone, clay, and glass products_____
do
105. 50
133. 88 135. 89 135. 68 132. 51
Primary metal industries
do
130. 00
111. 34
116. 20 117.02 114. 68 115. 08
Fabricated metal products
do...
121. 69
127.15 128. 03 125.83 124. 95
Machinery....
do...
101. 66
105. 78 106. 04 103.97 104. 60
E lectrical equipment and supplies _____ do.._
130. 09
137. 71 137. 49 133. 46 130. 82
Transportation equipment-. —
do. _.
108. 05 108. 99 .07.53 108. 05
Instruments and related products.
do___
103. 63
84.96
83.71
84.80
Miscellaneous mfg. industries
__._do___
84.99
82.37
a
'Revised.
* Preliminary.
Average for 11 months.
1
Includes Post Office employees hired for the Christmas season; there were about 140,000
such employees in the United States in Dec. 1965.
' © Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or
40.2
40.1
3.5
41.4
39.4
41.6
36.2
43.3
40.2
40.1
3.4
41.4
39.2
42.1
36.3
43.7
40.3
40.3
3.4
41.3
37.9
42.3
36.4
43.5
40.4
40.2
3.4
41.4
39.0
42.3
36.2
43.8
39.8
40.2
3.1
40.7
38.1
41.8
35.7
42.8
40.2
40.6
3.3
40. 8
39.6
42.3
36.6
43.1
39.9
40.4
3.3
40.4
38.1
41.4
36.1
43.2
' 40. 2
' 40. 2
3.4
40.9
38.3
42.2
36.5
43.6
38.6
41.8
42.5
41.9
42.3
37.8
38.5
42.0
42.3
42.0
42.4
38.2
39.1
42.1
41.7
41.7
42.8
39.2
38.1
41.7
41.8
41.8
42.1
38.8
38.5
41.9
41.7
41.6
42.0
39.2
38.5
42.4
42.6
42.6
41.8
37.8
38.8
42.2
'42.7
'42.7
42.1
'40.5
'40.2
3.5
'41.3
'38.7
'42.5
' 36. 7
'43.7
' 38.9
'42.3
'42.7
'42.1
'41.9
39.1
40.3
40.1
3.4
41.5
38.4
41.9
36.3
43.6
38.8
42.2
43.5
42.8
42.0
37.8
40.2
40.4
3.3
40.5
38.2
42.3
36.9
43.3
38.8
42.0
•41. 9
41.9
42.0
38.5
42.4
41.9
39.1
42.2
37.1
35.6
40.3
36.5
42.8
41.5
41.4
42.0
38.3
36.6
42.7
37.5
41.8
41.2
37.4
42.4
36.4
35.1
39.6
35.9
42.8
41.8
41.2
42.9
37.1
36.4
38.9
37. 0
42.2
42.1
40.7
42.7
36.5
35.6
39.3
36.2
42.1
41.7
40.7
42.3
42.6
41.6
41.1
43,0
37.7
36.8
40.9
37.2
42.9
'42.2
Ml. 5
'42.6
37.1
35.7
'39.5
36.9
' 43. 5
42.6
41.8
42.8
'38.3
36.7
42.5
37.5
43.4
36.3
35.5
38.1
36.3
41.4
42.5
32.8
42.8
36.9
35.8
40.1
36.4
42.3
43.2
41.3
41.7
37.5
40.8
36.5
42.5
43.1
40.9
41.7
37.4
40.9
36.2
42.1
42.4
42.0
41.8
37.1
40.8
35.9
42.2
42.7
40.5
41.5
37.7
41.2
36.7
41.7
41.6
39.9
41.6
37.1
40.8
35.9
41.8
42.3
40.6
41.6
37.0
40.7
35.8
42.0
42.0
40.3
41.0
36.9
40.7
35.7
42.2
41.7
40.1
41.1
36.9
40.6
35.7
'43.1
42.0
40.3
41.2
'36.8
40.7
'35.6
42.5
43.1
40.6
41.2
37. 3
40.8
36.2
37.7
38.6
37.9
38.8
37.4
38.2
37.4
38.5
37.4
38.1
37. 2
38.1
37. 4
38.1
37.4
38.0
37.3
38.4
37.2
38.6
107. 83
117.18
131.15
90.61
109. 71
119.43
133. 56
89.76
90.30
112.94
129.83
110. 92
120. 98
136. 85
89.40
110. 00
119.99
135. 36
88.75
110. 27
120. 41
132. 93
88.48
88.15
110.66
135.34
112.74
122.25
133.35
' 94.16
' 90. 67 ' 91. 54
115. 06 115.60
139. 07 139. 83
118.72
130. 20
108.32
119. 71
133. 48
110. 04
119.85
134. 51
107. 79
119. 99
134. 03
108.09
121. 84
135.83
108. 62
121.41
135. 52
109.03
119. 42
133. 24
107. 98
135. 01
108. 58
85.20
141.48
109.78
86.46
144.87
110.88
86.46
145. 53
111.30
87.48
118. 02
132. 41
108.21
142. 46
111. 72
87.12
88.58
110. 54
136.08
119.00
133.76
108.47
111. 24
121. 54
132. 62
92.06
88.75
114. 09
138. 74
111.24
120. 38
131. 67
93.48
92. 02
112. 25
132. 48
110. 95
120. 69
131.67
88.51
89.64
112. 56
137. 25
116. 48
127.12
106. 08
108. 62
118. 72
133. 56
91.49
90.73
112. 94
130. 06
118.30
129.47
107.12
140.06
112. 67
141. 47
112. 02
87.74
139.07
113.52
' 88. 62
140.25
113.67
' 88. 22
138. 27
111. 90
86.46
do_.
___do_.
__do_
do_.
do_
89.24
112.10
133. 44
141.14
112.25
88.44
112. 05
121. 82
133.67
94.24
43.3
41.6
39.3
38.7
42.2
42.7
42.1
41.6
38.9
39.0
37.9
41.0
90.23
114. 09
137. 76
more annual railway operating revenues). The index (back to 1963) has been adjusted for
comparability, whereas the number of employees has not.
! See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
SURVEY OF CURRENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS S T A T I S T I C S
1964
|
1965
Annual
S-15
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
June
Feb.
Mar.
Apr.
95.52
100.94
82. 30
79.84
66.05
115.13
117. 73
122.18
140. 87
111.14
74.11
96.48
101. 59
88.31
81.22
68.81
96.88
101.25
84.80
81.22
69.37
116.91
121. 06
122.64
141.62
110. 46
73.92
96.96
102.21
86.87
79.90
67.15
117.50
120.51
124. 66
145.69
110.35
72.95
' 97.69 '98.82
103.48 '104. 49
87.32 ' 89. 01
81.45 ' 84.15
' 68. 63
98.74
105. 00
88. 32
82.54
67.52
119. 03 •119. 74
122. 22 122.15
124.49 126. 48
'145.18 '145. 61
111.57 111.45
74.88 ' 75. 46
120. 77
121. 52
126. 60
145. 61
111. 07
75.08
126.30
130.94
142.45
120.13
'130.85
'132. 51
'152.31
'121.84
'132.68
134.62
152. 99
121.98
132. 80
138.30
129.93
130.68
146. 65
127.37
129. 79
143.44
121.69
142. 88
134.32
138.65
149. 92
121.72
133.88
111.52
122.41
139. 50
132.13
131.87
148. 00
126.18
132.19
142. 04
121.27
137. 97
129. 23
132. 44
145. 89
140.22
131.74
137.54
147.42
141. 72
'132. 09
'136. 67
150. 55
146.31
135.06
150. 03
152. 63
149.76
108.
132.
112.
134.
88
37
59
05
108. 00
128.54
110.12
135. 20
77.54
108. 94
67.49
109. 62
131.88
111.63
133.25
77.49
109.48
67.47
111.41 '113.35
131.36 132. 72
111. 08 111. 63
134.40 135.14
78.23 '78.38
110. 43 111.11
67.47 ' 67.64
111. 78
136.20
112. 87
134. 31
77. 29
109. 59
67.90
109.10
132.40
112.87
135. 62
77.70
109.08
67.30
81.84
98.47
51.99
59. 82
Dec.
Jan.
May-
July v
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS—Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.t—Con.
All manufacturing establishmentsf— Continued
Nondurable goods industries
.__.dollars..
Food and kindred products
.
___do..__.
Tobacco manufactures
do
Textile mill products.
•_
do
Apparel and related products
do
Paper and allied products..
do.__.
Printing, publishing, and allied ind.___do
Chemicals and allied products
do
Petroleum refining and related ind
do
Rubber and misc. plastics products
do___
Leather and leather products
do
Nonmanufacturing establishments:f
Mining 9
_•
do
Metal mining
do
Coalmining
do___.
Crude petroleum and natural gas
do
Contract construction
do.__.
General building contractors
.do
Heavy construction
do
Special trade contractors
do.__.
Transportation and public utilities:
Local and suburban transportation
.do
Motor freighttransportationandstorage.do
Telephone communication
_ do_ _
Electric, gas, and sanitary services.
do___Wholesale and retail trade
•____
do___.
Wholesale trade
•___
do
Retail trade
do____
Finance, insurance, and real estate:
Banking
.
do
Insurance carriers
do
Services and miscellaneous:
Hotels, tourist courts, and motels._.___do
Laundries, cleaning and dyeing plants, . d o
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.rf
All manufacturing establishmentst
dollars. _
Excluding overtimed1
do
Durable goods industries
.do
Excluding overtimed*
do
Ordnance and accessories
do
Lumber and wood products
_do
Furniture and
fixtures
do
Stone, clay, and glass products
_do
Primary metal industries
do
Blast furnaces, steel and rolling mills, .do
Fabricated metal products
do
Machinery
do
Electrical equipment and supplies
do____
Transportation equipment 9.__,
do
Motor vehicles and equipment
do
Aircraft and parts...
do__-_
Instruments and related products
do
Miscellaneous mfg. industries
do
Nondurable goods industries
_do__ _
1
Excluding overtimed ---do
Food and kindred products
_______.do____
Tobacco manufactures
_do____
Textile mill products
do
Apparel and related products
__do
Paper and allied products
do
Printing, publishing, and allied ind_.__do
Chemicals and allied products
_do____
Petroleum refining and related ind
do
Petroleum refining... ___
_____do
Rubber and misc. plastics products
do
Leather and leather products
do
Nonmanufacturing establishments:!
Mining 9
do
Metal mining-_•_ _
do
Coal mining
do
Crude petroleum and natural gas
do
Contract construction
do
General building contractors
do
Heavy construction
do
Special trade contractors.
do
94.47
100. 53
83.16
77.52
66.61
114.31
117.43
120.96
137.38
109. 46
72.19
94.87
100.98
82.72
77.64
66.43
109.57
114. 35
116.48
133.66
104.90
68.98
94.64
99. 87
79. 59
77.98
66.61
114. 22
118.12
121.09
138.42
109. 62
71.82
117.74
122.54
126. 82
113.05
132.06
122. 79
131. 78
138. 35
123. 52
127. 71
137.38
115. 90
138. 01
128.16
137. 50
144. 65
123. 97
126. 77
142. 27
113.97
122.96
128.21
134.46
116. 03
126.14 124.66
127. 71 131.57
141.98 135. 29
117.12
116.47
139.08
127. 78
140. 53
145. 86
140. 50
129.15
143.38
147.04
143.15
131.33
148.43
148. 96
138.75
128. 52
138. 63
145. 27
104.16
124.02
105. 32
125. 25
74.28
102. 56
64.75
107. 78
130.48
109. 08
131. 24
76.53
106. 49
66. 61
109.06
131. 27
107.33
129. 47
76.56
105.93
67.16
108.97
131. 27
108.40
130. 51
110.17
132.62
109. 56
133.92
77.95
106.60
68. 25
76.67
92.01
79. 24
95.12
78.44
94.74
79. 24
95.74
79.24
95.86
49.54
55.73
51.17
58.98
50.90
59. 58
52.13
59.28
2.53
2.44
2.71
2.60
3.02
2.11
2.05
2.53
3.11
3.41
2.67
2.87
2.51
3.09
3.21
3.02
2.54
2.08
2.29
2.21
2.37
1.96
1.79
1.79
2.56
2.97
2.80
3.19
3.37
2.54
1.82
2.61
2.50
2.79
2.67
3.12
2.17
2.12
2.62
3.18
3.46
2.76
2.95
2.58
3.21
3.34
3.14
2.61
2.13
2.36
2.27
2.43
2.10
1.87
1.83
2.65
3.06
2.89
3.28
3.47
2.61
1.88
2.61
2.50
2.79
2.67
3.10
2.18
2.10
2.61
3.19
3.46
2.61
2.50
2.79
2.67
3.12
2.18
2.11
2.62
3.20
3.47
2.76
2.95
2.58
3.19
3.32
3.12
2.62
2.14
2.35
2.26
2.44
2.20
1.85
1.82
2.64
3.05
2.88
3.24
3.45
2.60
1.88
2.75
2.94
2.58
3.17
3.29
3.11
2.61
2.13
2.36
2.27
2.41
2.20
1.88
1.82
2.66
3.05
2.89
3.25
3.45
2.62
1.86
2.81
2.96
* 3. 26
2.66
3.55
3.43
3.23
3.78
2.92
3.07
* 3. 45
2.74
3.69
3. 55
3.37
3.92
2.91
3.04
3.47
2.72
3.66
3.52
3.37
3.90
2.90
3.06
2.56
3.07
2.70
3.17
2.03
2.61
1.82
1.35
1.52
90.91
97.17
76.05
73.39
64.26
Transportation and public utilities:
Local and suburban transportation
do
2. 48
2.96
Motor freighttransportationandstorage.do
2.62
Telephone communication..
do
3.04
Electric, gas, and sanitary services.____do____
Wholesale and retail trade
do
1.96
Wholesale trade
do
2.52
Retail trade
...
_do
1.75
Services and miscellaneous:
Hotels, tourist courts, and motels.. ..__do
1.29
Laundries, cleaning anddyemgplants___do--_1.44
r
Revised.
p Preliminary.
<* Average for 11 months,
t See corresponding note, bottom p. S-13.
114. 65
117.12
120. 22
139.10
109.25
71.80
95.68
100.19
78.41
78.62
67.33
115.18 116.48
118.81 120.28
121. 35 123.65
138. 35 142.68
109.88 110.46
72.19
71. 82
95.11
99.19
78.07
79.19
67.53
96.32
100.77
80.35
80.79
67.70
96.96
101. 84
83.07
80.79
67.33
116. 58
118.97
122. 06 123. 06
141.10 142.97
112.10 111. 94
71.82
72.58
117. 82
121. 60
123. 35
140. 53
113. 42
74. 87
123.73
128.96
129. 78
117.87
136.14
126. 71
135.83
142.52
127.12
131. 67
142. 96
119. 69
95.68
100.19
77.62
79.99
67.52
117.12
119.66
126.26
130.31
143. 24
115.92
144. 01
132.49
149.45
150. 00
115.94
119.74
123.19
140.95
110.88
75.26
77.42
107.57
67.33
109.04
131.44
115. 50
135.43
76.80
108.12
67.13
79.18
95.86
80.35
95.86
80.35
96.49
80.35
96.87
82.28
97.73
81.47
98.74
51.74
58.67
51.65
59.06
52.30
60.14
51.99
58.83
52.36
59.68
51.99
59.44
52.08
59.06
2.59
2.49
2.77
2.65
3.13
2.20
2.12
2.63
3.17
3.43
2.74
2.94
2.57
3.16
3.28
3.13
2.61
2.12
2.36
2.26
2.39
2.06
1.89
1.83
2.66
3.07
2.91
3.24
3.43
2.61
1.88
2.63
2.51
2.81
2.68
2.79
2.99
2.60
3.26
3.39
3.18
2.62
2.14
2.38
2.28
2 42
L99
1.89
1.86
2 69
3.10
2 93
3.'28
3.48
2.63
1.90
2.38
2.28
2.42
1.98
1.90
1.86
2.68
3.10
2.92
3.32
3.52
2.65
1.90
3.19
2.17
2.16
2.66
3.20
3.50
2.81
3.02
2.62
3.30
3.43
3.23
2.65
2.16
2.40
2.30
2.46
2.13
1.91
1.86
2.69
3.11
2.93
3.37
3.57
2.65
1.91
2. 67
2.55
2. 85
2. 72
3.17
2.17
2.15
2.66
3.23
3.53
2.81
3.03
2.62
3.29
3.40
3. 25
2.66
2.20
2.40
2.31
2.48
2.16
1.91
1.85
2.69
3.09
2. 93
3.37
3. 55
2.64
1.91
2.67
2.56
2.86
2.72
2.78
2.97
2.60
3.23
3.36
3.15
2.61
2.13
2.65
2.53
2.83
2.69
3.15
2.20
2.15
2.67
3.19
3.47
2.80
3.00
2.61
3.30
3.44
3.21
2.64
2.14
2.39
2.29
2.44
2.12
1.91
1.86
2.68
3.09
2.93
3.38
3.59
2.64
1.90
2.66
2.54
2.84
2.70
3.13
2.21
2.14
2.65
3. 20
3.49
2.63
2.52
2.82
2.68
3.15
2.21
2.15
2.67
3.18
3.47
2.82
3.04
2.62
3.29
3.39
3.26
2.66
2.20
2.40
2.31
2.49
2.23
1.92
1.88
2.69
3.11
2.94
3.38
3.56
2.64
1.92
2.68
2.56
2.86
2.72
3.15
2.18
2.16
2.68
3.26
3. 56
2.84
3.05
2.61
3.28
3.37
3.26
2.67
2.20
2.41
2.31
2.50
2.22
1.92
1.88
2.70
3.12
2.92
3.38
3.57
2.63
1.92
2.73
3.64
3.50
3.35
3.89
2.92
3.07
3.48
2.73
3.68
3.54
3.42
3.92
2.94
3.14
3.46
2.76
3.74
3.61
3.44
3.98
2.95
3.14
3.46
2.76
3.76
3.62
3.50
4.00
2.96
3.13
3.47
2.78
3.74
3.61
3.43
3.97
2.97
3.15
3.47
2.79
3.76
3.63
3.39
4.00
2. 99
3.14
3.49
2. 84
3.78
3.63
3.37
4.03
3.00
3.14
3. 50
2.84
3.81
3.66
3.43
4.04
2.56
3.06
2.69
3.15
2.02
2.59
1.82
2.57
3.06
2.67
3.16
2.03
2.60
1.82
2.58
3.07
2.68
3.17
2.03
2.60
1.82
2.59
3.10
2.73
3.21
2.59
3.09
2.73
3.23
2.06
2.62
1.85
2.07
2.63
1.86
2.59
3.10
2. 75
3.24
2.07
2.65
1.87
2.58
3.10
2.78
3.23
2.05
2.66
1.85
2. 59
3.09
2.76
3.25
2.09
2.67
1.88
1.35
1.52
•1.34
1.52
1.33
1. 52
.37
1.37
.53
1.53
1.38
1.55
1.39
1.54
1.40
1.40
1.55
1.39
1.56
2.61
3.13
2.78
3.26
2.10
2.68
1.88
1.40
1.55
108. 27 112.75
130. 60 133.86
77.75
77.25
106.60 106.90
68.07 67.53
110. 08
133.18
111.66
134.69
3.15
2.19
2.15
2.67
3.24
3.54
' 79.45
110.98
'69.14
80. 73
111. 93
70.48
82.21
98.10
82.21
7 98.21
81.77
97.94
52.36
60. 04
52.97
' 61. 44
52.82
62.15
2.70
2.58
2.88
2.74
2.70
2.58
2.88
2.74
' 2.71
2.58
'2.89
2.74
2.70
2.59
2.88
2.75
3.15
2.24
2.17
2.71
3.28
3.59
3.16
2.26
2.19
2.72
3.28
3.59
'3.16
2.28
2.19
2.72
3.29
3.60
3.15
2.28
2.19
2.71
2. 85
3.06
2.63
3 29
3.' 41
3.25
2.68
2.21
2.86
3.08
2.63
3.28
3.37
' 3. 29
2.69
2.21
2.85
3.07
2.64
3.30
2.43
2.33
2.53
2.28
1.93
1.86
2:72
3.13
2.94
3.42
3.62
2.64
1.93
2.43
2.33
2.53
2.28
1.93
1.87
2.73
3.15
2.95
'3.40
' 3. 61
2.65
1.94
'2.85
3.08
'2.64
'3.30
3.40
'3.31
2.70
'2.20
2.44
2.34
'2.53
'2.30
'1.98
1.87
2.74
3.14
'2.99
3.41
3.63
2.66
'1.93
2.99
3.12
3.49
2.83
3.79
3.65
3.39
4.03
2.94
3.15
3.40
2.86
3.80
3.68
3.43
4.05
'3.05
3.14
'3.67
'2.86
3.82
'3.70
3.46
4.08
' 3. 05
3.16
3.66
2.85
3.82
3.68
3. 53
4.07
2.61
3.14
2.77
3.25
2.10
2.69
1.89
2.64
3.15
2.77
3.27
2.12
2. 72
2.63
3.16
2.77
3.28
2. 63
3.16
2.78
3.26
2.13
2.72
1.91
1.39
1.57
1.40
1.58
2.13
2.73
'1.90
.42
1.42
' 1 ..6 60
0
1.
1.42
1
1.61
3.30
2.69
2. 20
2.45
2.35
2. 53
2.30
1.97
1.86
2.77
3.14
3.00
3.41
3.63
2.67
1.93
3. 06
3.84
2.13
2.73
1.91
_.
cfDerived by assuming that overtime hours are paid at the rate of time and one-half.
9 Includes data for industries not shown separately.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Annual
August 1966
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
3.520
5.087
3.520
5.097
3. 533
5.108
1.28
3.567
5.141
3.644
5.213
••3.678
5.238
1.26
P186
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS—Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
Common labor
____
$ per hr__
Skilled labor.
do
Farm, without board or rm., 1st of mo
do
Railroad wages (average, class I)
do___.
LABOR CONDITIONS
Help-wanted advertising, seas. adj___ 1957-59=100-.
Labor turnover in manufacturing estab.: f
Accession rate, totaL.mo. rate per 100 employees..
Seasonally adjusted
do
New hires
do
Separation rajte, total
do
Seasonally adjusted
do
Quit
do
Layoff
do
Seasonally adjusted.
do
Industrial disputes (strikes and lockouts):
Beginning in period:
Work stoppages
.
number..
Workers involved
__thous_.
In effect during month:
Work stoppages
number..
Workers involved.
__^_thous_.
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
___thous_.
Unemployment insurance programs:
Insured unemployment, all programs©
do___.
State programs:
Initial claims
do
Insured unemployment, weekly avg do
Percent of covered employment:^
Unadjusted
Seasonally adjusted
Beneficiaries, weekly average
thous_.
Benefits paid
mil. $_.
Federal employees, insured unemployment,
weekly average—.
thous..
Veterans' program (UCX):
Initial claims
do
Insured unemployment, weekly avg_..do
Beneficiaries, weekly average
do
Benefits paid
mil. $_.
Railroad program:
Applications..
thous__
Insured unemployment, weekly avg.. .do
Benefits paid
mil. $_.
3.242
4.733
1.08
2.850
3.415
4.951
1.14
3. 002
3.414
4.969
2.994
3.453
4.992
1.17
3.000
3.482
5.002
3.486
5.029
2.994
3.009
3.486
5.056
1.09
3.014
5.041
3.495
5.055
~3.~017~
2.995
3.496
5.064
1.24
123
155
146
145
152
160
168
186
184
191
201
185
'184
4.0
4.3
2.6
3.9
1.5
1.7
3.1
4.0
1.9
1.4
5.6
4.5
4.3
3.6
4.0
1.7
1.1
1.4
4.5
4.1
3.2
4.3
4.0
1.8
1.8
1.6
5.4
4.2
3.9
5.1
4.7
2.6
1.6
1.7
5.5
4.5
4.0
5.7
4.4
3.5
1.3
1.3
4.5
4.5
3.5
4.4
4.1
2.2
1.4
1.3
3.9
5.0
2.9
3.9
3.9
1.7
1.5
1.3
3.1
4.9
2.2
4.0
4.1
1.4
1.8
1.3
4.6
4.9
3.2
4.0
4.0
1.9
1.3
1.1
4.2
4.8
3.1
3.6
4.3
1.8
1.0
1.1
4.9
5.2
3.7
4.1
4.6
2.3
1.0
1.1
4.6
4.8
3.6
4.3
4.7
2.5
1.0
1.2
'5.1
'5.0
4.0
'4.3
'4.7
'2.5
'.9
'1.1
P6.5
P5.2
P5.4
P4.1
P4.5
P2.4
P.9
3,655
1,640
425
416
156
109
345
155
321
101
140
158
24
205
101
240
107
310
1,550
480
208
150
702
334
3,670
685
229
2,230
631
250
2,110
570
209
1,770
505
192
371
76
907
335
127
1,000
380
142
865
450
236
1,350
350
228
500
379
2,450
640
294
2,870
660
243
1,950
644
611
531
462
677
354
2,590
22,900
23,300
6,281
6,473
610
554
1,725
1,419
1,131
1,210
1,178
1,030
13,938
1,605
12,047
1,328
870
1,059
1,078
1,139
976
1.120
760
981
791
933
1,004
1,042
3.8
3.0
1,373
2,522
1,131
2,166
2.4
3.0
941
156.3
2.6
3.0
932
149.5
2.5
3.1
901
148.0
2.2
2.9
834
138.6
2.0
2.7
745
117.8
2.3
2.7
794
30
25
20
22
21
19
20
335
51
48
90.2
266
36
34
67.5
22
30
30
5.2
26
33
27
4.5
25
33
31
5.2
19
28
27
4.6
16
24
23
3.7
155
38
78.4
138
30
60.5
19
21
30
24
3.5
10
22
11
24
3.7
452
460
547
533
568
622
1,736
1,678
1,381
1,112
916
841
1,285
1,308
1,399
1,644
985
1,590
769
1,301
693
1,044
665
862
690
793
132.2
3.0
2.7
990
172.1
3.7
2.7
1,330
212.7
3.6
2.6
1,413
217.2
2.9
2.3
1,272
225. 5
2.3
2.1
931
155.5
1.9
2.1
806
126.1
1.8
2.1
702
114.4
21
23
29
29
26
21
18
18
18
25
21
3.7
20
29
24
4.3
20
32
30
4.8
18
31
30
4.6
17
27
26
4.6
13
22
21
3.6
12
18
18
2.9
14
17
16
2.9
7
22
3.6
25
3.8
14
28
4.6
11
31
5.1
4
28
4.1
5
26
5.2
42
18
3.8
14
3.6
3,420
10, 709
2,090
8,619
1,104
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
.mil. $_.
Commercial and finance co. paper, total
do
Placed through dealers
do
Placed directly (finance paper)
do
3,385
8,361
2,223
6,138
3,392
9,017
1,903
7,114
3,355
9,370
1,965
7,405
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
mil. $_.
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
do
7,104
8,080
3,718
958
2,428
4,281
1,055
2, 745
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (225 SMSA's)©
bil. $_. 4,621. 4
New York SMSA
do
1,925. 3
Total 224 SMSA's (except N.Y.)
do
2, 696.1
6 other leadings MS A'si
do__. 1, 030. 8
218 other SMSA's
do___. 1, 665. 3
3,337
10, 439
2,046
8,393
3,299
10,358
2,117
8,241
3,314
9,692
2,194
7,498
3,310
10, 554
2,250
8,304
3,245
10,406
2,205
8,201
3,392
9,017
1,903
7,114
3,332
9,910
1,834
8,076
3,313
10,656
1,828
8,828
3,388
11, 014
2, 066
8,948
3,464
11,560
2,253
9,307
3,418
11, 372
2,113
9,259
7,873
7,988
8,040
8,013
8,007
8,022
8,080
8,206
8,367
8,570
8,788
8>946
9,145
4,058
931
2,884
4,097
935
2,956
4,135
944
2,962
4,171
940
2,902
4,204
1,009
2,794
4,245
1,082
2,696
4,281
1,055
2,745
4,328
1,113
2,766
4,385
1,145
2,837
4,477
1,137
2,956
4,553
1,148
3,087
4,647
1,106
3,193
4,725
1,105
3,315
5,135.9
2,138. 5
2,997. 4
1,140.9
1,856. 5
5,327.8
2,308.4
3,019.4
1,146.8
1,872.6
5,302.6
2,281.6
3,021.0
1,149.5
1,871.5
5,146.8
2,128.0
3,018.8
1,141.0
1,877.8
5,126.9
2,104.3
3,022.6
1,142.9
1,879.7
5,129.9
2,061.0
3,068.9
1,165.4
1,903. 5
5,408.3
2,229.4
3,178.9
1,215.0
1,963.9
5, 523.1
2,273.5
3, 249.6
1,234. 5
2,015.1
5,509.6
2,311.5
3,198.1
1,218.4
1,979. 7
5,605. 6
2,341.7
3,263.9
1,251.2
2,012.7
5,811. 7
2,414.6
3,397.1
1,336.6
2,060. 5
5, 934.1
2, 544. 0
3,390.1
1,304. 2
2,085. 9
5, 797. 5
2, 449. 4
3, 348.1
1,311.3
2,036. 8
5,868. 8
2,491. 7
3,377.1
1,314.7
2, 062. 4
Federal Reserve banks, condition, end of period:
Assets, total9
mil. $_.
62,868
65,371
62, 632
61, 914
61,429
63, 384
63, 504
64,050
65,371
64,246
63, 794
64,124
65,452
64, 797
66, 520
67, 574
Reserve bank credit outstanding, total 9 __do
Discounts and advances
do
U.S. Government securities
do....
Gold certificate reserves
do
39, 930
186
37, 044
15, 075
43,340
137
40, 768
13,436
41,159
657
39,100
13, 670
41,166
536
39, 207
13, 591
40,619
237
39, 049
13, 596
41, 704
174
39, 774
13,587
41, 905
510
39,657
13, 582
42,789
365
40, 575
13,512
43,340
137
40, 768
13, 436
43,085
239
40, 565
13,436
42,717
315
40,189
13,432
42, 840
327
40, 734
13, 204
43, 285
452
40, 713
13,190
43,940
441
41,480
13,092
44, 656
'292
42,169
12,993
45, 816
877
42,380
12, 890
62, 868
65,371
62, 632
61, 914
61, 429
63,384
63, 504
64,050
65,371
64, 246
63, 794
64,124
65, 452
64, 797
66, 520
67, 574
19, 456
18, 086
35,343
19. 620
18,447
37,950
19,278
18, 229
35, 444
19,304
18, 008
35, 796
18, 645
17,191
36, 021
19, 591
18,149
36,319
19, 612
18, 204
36, 628
19,163
18,050
37,408
19,620
18,447
37,950
20, 098
18,751
37,337
19, 205
18,014
37,322
19, 233
18, 000
37,432
19, 841
18,736
37, 536
19, 673
18,119
37,880
20, 083
18, 567
38,258
21,354
19,155
38. 583
42.7
35.4
38.6
38.0
37.7
37.4
37.1
36.1
35.4
36.0
36.0
35.3
35.1
34.6
34.0
33.4
Liabilities, total?
___do___.
Deposits, total
do
Member-bank reserve balances
do
Federal Reserve notes in circulation._____do
Ratio of gold certificate reserves to FR note
liabilities
percent..
r
Revised.
p Preliminary.
§ Wages as of Aug. 1, 1966: Common labor, $3,693; skilled labor, $5,273.
t See corresponding note, bottom of p. S-13.
© Excludes persons under extended duration provisions.
d" Insured unemployment as % of average covered employment in a 12-month period.
O, Total SMSA's include some cities and counties not designated as SMSA's.
f includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
August 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
| 1965
End of year
S-17
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
21,958
21, 589
369
452
-83
22, 719
22,267
452
454
-2
22, 750
22,392
358
402
-44
22, 233
21,862
371
478
-107
22,160
21,855
305
551
-246
22, 528
22,170
358
22,487 •22,534
22,117 22,212
370
'322
722
674
-352 '-352
66,292 67,921 65, 631 65,159
97,162 101,082 102,618 102,318
70,313 73, 303 71,772 70, 259
5,651
6,030
5,469
5,651
3,223
3,983
4,700
7,471
11, 512 11,807 12, 727 11,936
82,868
81, 001 81,813
July
FINANCE—Continued
B A N K I N G - Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $..
Required
do
Excess
do
Borrowings from Federal Reserve banks.__do_._.
Free reserves
do
Weekly reporting member banks of Fed. Res. System, condition, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedcf
mil. $..
Demand, total 9
do.__.
Individuals, partnerships, and corp
do,...
State and local Governments...__do
U.S. Government
..do
Domestic commercial banks
do_ _ _.
Time, total 9
..-do_.
Individuals, partnerships, and corp.:
Savings
do_.
Other time^
do_.
Loans (adjusted), totaled
do
Commercial and industrial
do
For purchasing or carrying securities
do
To nonbank financial institutions
do
Real estate loans
do
Other loans
do
Investments, total
do
U.S. Government securities, total
do
Notes and bonds
do
Other securities..
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates), seas. adj.:t
Total loans and investments©
__bil. $..
Loans©
do___.
U.S. Government securities
do
Other securities.
do_._.
1
1
21, 609 1 22, 719 21, 709 21,863
21,198 122,267 21,363 21,513
Ull
346
350
1452
1243
U68
68, 045
102,574
73,654
5,239
4,563
12,539
524
-174
69, 723
63,809
64,171
94, 572
68,096
4,900
5,022
10,861
74, 764
103,507 103, 553
75,269 69,651
5,355
5,410
3,866
8,664
12,429 12,404
78,260
45,362
21,258
73,817
48,783
27,679
21, 979
21,104
48,299
24,252
19,502
24,047
' 273. 9
' 172. 1
'63.0
'38.3
' 301. 8 • 281. 7 283.2
' 197. 4 181. 4 182.9
'59.5
'58.2
'57.9
'44.9
42.1
42.4
2
2
2
2
21, 740 21, 958
21,356 21, 614
384
344
528
490
-144
-146
63,505
96,101
68,189
5,105
3,914
12, 566
», 175
64,133 65,012
97,048 100,028 101,204
68, 280 71,348 72,127
4,940
5,572
5,429
5,591
2,442
3,789
12,075 13, 692 12,977
75,896
76,276
286.1
• 185. 2
'57.7
'43.1
O - 6 6 - 6
77,662
68,220
99,647
72,415
5,532
3,153
11,982
65,231
99,182
71,371
5,531
3,147
12, 619
78,260
78,868
79, 600
286.2
186.2
56.5
'43.4
297.4
289. 9
291.5
294.4
• 188. 6 • 189. 8 • 192. 0 194. 5
'58.0
'57.5
'57.4
'57.7
44.9
44.2
43.9
44.8
300.3 • 302. 7 304.3
297.5
' 196. 2 • 198. 6 200.7 • 202. 0
'56.0
'55.0
'55.8
'55.9
47.2
46.2
' 45.4 '45.7
5.55
5.41
5.58
5.70
4.99
4.74
5.01
5.31
4.00
2 4.70
2 5.45
4.50
2 4.94
2 5.43
4.00
4.99
5.43
4.00
4.98
5.43
4.00
4.98
5.43
4.00
5.02
5.43
4.00
5.01
5.43
4.00
5.02
5.43
4.50
'5.04
5.43
4.50
'5.22
5.43
4.50
5.35
5.43
4.50
'5.40
5.48
4.50
'5.53
5.49
2 5.78
2 5.93
2 5.76
2 5.89
5.76
5.86
5.77
5.86
5.76
5.86
5.75
5.89
5.75
5.87
5.80
5.91
5.78
5.91
5.81
5.97
5.85
5.97
5.90
6.01
M.22
4.38
3 4.27
3 4.69
4.25
4.38
4.25
4.75
4.22
4.38
4.25
4.75
4.14
4.38
4.25
4.75
4.25
4.38
4.25
4.75
4.25
4.38
4.32
4.75
4.25
4.38
4.38
4.75
4.55
4.65
4.60
4.97
4.75
4.82
4.82
5.07
4.86
4.88
4.88
5.25
3. 549
M.06
3 3. 954
3 4.22
3.810
4.09
3.831
4.10
3.836
4.19
3.912
4.24
4.032
4.33
4.082
4.46
4.362
4.77
4.596
4.89
.28, 260
390
30,312
309
29, 272
342
29,380
338
29, 498
332
29,785
327
29,845
321
30,001
317
30,312
314
83, 801
65,979
28,175
16, 229
3,664
17,911
84,465
66,511
28, 393
16,492
3,676
17,950
85, 291
87,884
67,168
28,612
16,797
3,689
18,070
58, 703
28,343
15, 802
7,310
5, 410
1, 838
59,105
28, 618
15,876
7,363
5,422
1,826
7,276
3,910
1,117
433
1,816
7,406
3,979
1,138
438
1,851
17, 822
17,954
7,600
6,520
1,080
7,624
6,546
1,078
3
3. 77
3 3.97
3 3.83
8
4.50
3
3
5.27
5.08
5.32
5.46
' 305. 4
' 203. 7
'54.5
'47.1
308.2
205.9
54.1
48.2
5.82
5.65
5.86
6.00
2 5.06
2 4.83
2 5.09
2 5.34
5.00
4.76
5.03
5.31
23, 087
22,679
408
766
-358
45, 064 45, 111 43,377 43,093 43,104
22,961 24,160 26.040 27,133 27, 515
116,939 118, 410 119,494 121, 725 124, 566
51,315 52,640 52,495 53,839 55, 792
6,784
6,768
6,035
6,666
6,249
10,419 10,618 10,789 10,924 11, 635
22, 730 22,867 23.041 23, 260 23,516
31,124 32,019 31,757 32, 786 32,674
46,220 45, 252 46,371 45, 368 45,114
22,418 21,474 21,849 20, 704 20,276
18,296 17, 945 18, 064 17, 469 17, 582
23,802 23, 778 24, 522 24,664 24,838
4.99
4.75
5.02
5.30
CONSUMER CREDIT*
(Short- and Intermediate-term)
Total outstanding, end of year or month
mil. $.. 78, 442 87,884 81, 717 82, 539 83,319
68,565 63,850 64.704 65, 508
Installment credit, total
...do
60,548
Automobile paper. . . .
do_.
28,843 27, 280 27, 779 28,111
25,195
Other consumer goods paper
__do_.
17, 693 15, 648 15,818 15,996
15, 593
Repair and modernization loans
do..
3,576
3,604
3,648
3,675
3,532
Personal loans
do.
18, 354 17,346 17, 503 17, 753
16, 228
By type of holder:
Financial institutions, total
do..
53,141
60, 273 56, 726 57, 537 58, 296
Commercial banks
do_.
25,094
29,173 27, 214 27.705 28,107
Sales finance companies
do..
14,762
16,138 15,372 15, 565 15,721
7,235
Credit unions
_____do_.
6,458
7,512
7,032
7,124
5,387
5,078
5,606
5, 287
5,334
Consumer finance companies
do..
1,846
1,749
1,844
1,821
1,809
Other
.
do..
Retail outlets, total
do..
8,292
7,124
7,212
7,167
7,407
4,488
3,847
Department stores
do..
3,785
3,811
3,922
1, 235
1,103
Furniture stores
do..
1,090
1,084
1,152
447
431
425
Automobile dealers
do_.
417
370
2,122
1,831
1,841
Other
do..
1,838
1, 963
Noninstallment credit, total
do..
19,319 17,867 17,835 17,811
17,894
7,682
7,539
Single-payment loans, total..._„__
do..
6,954
7,546
7,575
6,476
Commercial banks
do..
6,587
5,950
6,477
6,497
1,063
Other financial institutions_.__
do_.
1,095
1,004
1,069
1,078
' Revised.
2
4
1 Average for Dec.
Average for year.
3 Daily average.
Effective June 9, about
$1.1 bil. of balances accumulated for payment of personal loans were deducted as a result of a
change in Federal Reserve regulations.
c^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).
225-221
77,170
69, 723
103. 507
75,269
5,355
3,866
12,429
43,128 43,433 43,827 44,319 44,805 45,094 45,362 45,015
20,130 20, 542 20,990 21,003 21,342 21, 511 21,258 22,259
110,925 108,548 111,071 111, 755 112, 727 114, 741 117,165 116,025
46,847 46,282 46,987 48,117 48,778 49,167 50,629 50,462
6,429
5,712
5,453
5,587
7,418
6,224
6,482
6,420
9,484 10, 289 10,154 10,058 10,319 10,919 10,349
9,830
21,149 21,367 21, 739 22,012 22,231 22,425 22, 540 22,638
29,326 30,224 30,113 30, 553 30, 585 31,245 32,068 31,444
47, 515 47,244 47,086 47,023 47, 769 47,790 48,299 47,557
24,254 23,667 22,992 22,830 23,991 24,119 24,252 23,942
20,619 20,677 20,322 20,202 19, 948 19, 550 19, 502 18,957
23,261 23, 577 24,094 24,193 23, 778 23,671 24,047 23,615
117,165
50,629
6,420
10,919
22,540
32,068
Dlscount rate (N.Y.F.R. Bank), end of year or
month
percent..
Federal intermediate credit bank loans
do
Federal land bank loans
do
Home mortgage rates (conventional 1st mort-
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of period
mil. $__
U.S. postal savings J
do
528
-182
40, 698
16,407
102, 227
42,119
6,677
9,032
20,008
29,156
Money and interest rates: §
Bank rates on short-term business loans:
In 19 cities
.
percent
New York City
do____
7 other northern and eastern cities
do
11 southern and western cities
do.
New home purchase (U.S. avg.)
percent..
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do_._.
Commercial paper (prime, 4-6 months)__do
Finance Co. paper placed directly, 3-6 mo.do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent __
3-5 year issues
__do
1454
1 -2
21, 617
21,187
430
564
-134
4.50
4.50
' 5. 65
5.52
4.50
5.68
5.60
5.99
6.09
6.02
6.16
6.07
6.18
4.96
5.21
5.02
5.41
5.00
5.38
5.25
5.50
5.18
5.39
5.38
5.50
5.39
5.51
5.39
5.52
5.58
5.63
5.51
6.00
4.670
5.02
4.626
4.94
4.611
4.86
4.642
4.94
4.539
5.01
4.855
5. 22
30,442
303
30, 574
299
30, 797
292
30,496
277
30, 581
230
30, 716
192
182
68, 565
28,843
17,693
3,675
18, 354
87,027
68,314
28,789
17, 566
3,634
18, 325
86, 565
68,279
87, 059
68,827
28,894
17, 386
3,603
18,396
88,184
69,543
29, 248 29, 597
17,450 17,597
3,602
3,597
18, 532 18,747
89, 092
7.0,209
29, 908
17, 732
3,642
18,927
90, 070
71,194
30,402
17,959
3, 677
19,156
59, 567
28,855
15,963
7,436
5,465
1,848
60, 273
29,173
16,138
7,512
5,606
1,844
60, 202
29, 201
16,106
7,447
5,598
1,850
60,331
29, 312
16, 072
7,473
5,621
1,853
60,863
29, 684
16,106
7,593
5,630
1,850
61, 539
30,127
16,191
7,711
5,670
1,840
62,178
30, 507
16, 263
7,839
5,695
1,874
7,601
4,101
1,167
443
1,890
18,123
8,292
4,488
1,235
447
2,122
7,948
7,964
8,004
8,031
451
459
466
472
19, 319
8,112
4,419
1,208
448
2,037
18, 713
63,097
31,013
16, 454
8,009
5,742
1,879
8,097
18,286
18, 232
18,641
18, 883
7,682
6,587
1,095
7,666
6,574
1,092
7,731
6,630
1,101
7,795
6,676
1,119
7,836
6,717
1,119
7,925
6,784
1,141
7,648
6, 555
1,093
18, 876
7,901
6,767
1,134
9 Includes data not shown separately.
©Adjusted to exclude interbank loans.
§For bond yields, see p. S-20.
^Monthly data are as of the following dates: 1965—June 30; July 16; Aug. 13; Sept. 10;
Oct. 8; Nov. 5; Dec. 3; 1966—Jan. 28; Feb. 25; Mar. 25; Apr. 22; May 20; June 30; July 15.
X Revised monthly data for commercial bank credit prior to June 1965 and for consumer
credit prior to Mar. 1965 appear in the July and May 1966 Fed. Reserve Bulletins.
SURVEY
S-18
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of B U S I N E S S S T A T I S T I C S
1964
CUKKENT BUSINESS
1965
1965
June
Annual
August 1966
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
CONSUMER CREDIT§—Continued
Total outstanding, end of year or month—Con.
Noninstallment credit—Continued
Charge accounts, total
_
mil. i
Department stores
___do_.
Other retail outlets._.._.
do_.
Credit cards..
do..
Service credit
-do..
Installment credit extended and repaid:
Unadjusted:
Extended, t o t a l . . . .
_._.do_.
Automobile paper
._.
_do_.
Other consumer goods paper
_ .do..
Allother
_________•_
..do..
Repaid, total
...do..
Automobile paper
do_.
Other consumer goods paper
_.do_.
Allother
___
.
do..
Seasonally adjusted:
Extended, total
____
do.
Automobile paper.
_________ _do_.
Other consumer goods paper
do..
All other
•
do..
Repaid, total
do..
Automobile paper....___--do..
Other consumer goods paper
do.
All other
...
.
do.
i 6,300
1909
i 4, 756
1635
i 4,640
i 6,746
1968
i 5,055
1723
i 4,891
5,528
627
4,218
683
4,793
5,534
591
4,217
726
4,762
5,498
595
4,149
754
4,738
5,496
647
4,078
771
4,726
5,645
682
4,221
742
4,685
5,740
725
4,291
724
4,735
6,746
968
5,055
723
4,891
6,107
855
4,509
743
4,940
5,505
746
5, 050
67, 505
24, 435
19,473
23, 597
61,121
21, 676
17, 737
21, 708
75, 508
27,914
21,454
26,140
67,495
24, 267
19, 355
23,873
2,646
1,804
2,389
5,796
2,082
1,614
2,100
6,537
2,524
1, 777
2,236
5, 682
2,025
1,607
2,050
6,493
2,401
1,789
2,303
5,688
2,068
1,611
2,009
6,085
1,849
2,148
5,616
2,024
1,617
1,975
6, 247
2, 318
1,899
2,030
5, 714
2,099
1, 636
1,979
2,410
2,004
2,194
5. 955
2,193
1,700
2,062
7,519
2,328
2,657
2,534
6,120
2,097
1,760
2,263
5,586
2,001
1,684
1,901
5,837
2,055
1,811
1,971
6,196
2,285
1,719
2,192
5,601
2,007
1,590
2,004
6,383
2,355
1,818
2,210
5,659
2,007
1,608
2,044
6,385
2,372
1,816
2,197
5,729
2,068
1,662
1,999
6,434
2,385
1,859
2,190
5,748
2,056
1,638
2,054
6,425
2,338
1,907
2,180
5,805
2,080
1,670
2,055
6,530
2,480
1,873
2,177
5, 831
2,148
1,683
2,000
2,443
1,862
2,184
5,855
2,107
1,720
2,028
6,544
2,340
1,983
2,221
5,947
2,115
1,778
2,054
15,334
11, 571
3, 763
4,981
9,696
-4, 714
11, 595
12, 299
-705
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: cf
Receipts from...
mil. $_ 115,031
Payments t o . . .
_
do___ 120,340
-5,308
Excess of receipts, or payments (—)
do___
Seasonally.adjusted, quarterly totals: t
Receipts from
.
_______.do___
Payments to__
do___
Excess of receipts, or payments (—)
do___
Receipts and expenditures (national income and
product accounts basis), qtrly. totals, seas,
adj. at annual rates: *
Receipts
bil. $_
115.1
118.1
Expenditures
___do__-3.0
Surplus, or deficit (—)__•
do___
Budget receipts and expenditures:
Receipts, total.
-mil. $_ 117, 222
Receipts, nett
-do...
1,352
Customs
do___
52,334
Individual income taxes
do
Corporation income taxes
do___. 25, 047
Employment taxes.
do___. 17,106
Other internal revenue and receipts
do___. 21,382
Expenditures, totalf
_________
do_.
96, 945
11, 039
Interest on public debt..
do..
5,484
Veterans' benefits and services
do..
52,261
National defense.
do..
29,067
All other expenditures
do..
Public debt and guaranteed obligations:
317. 94
Gross debt (direct), end of yr. or mo., total-bil. $.
313. 55
Interest bearing, total
___.
do___
267. 48
Public issues
do
i 14. 36
Held by U.S. Govt. investment accts.do
Special issues
__do___
i 46. 08
Noninterest bearing and matured.
do_
14.39
Guaranteed obligations not owned by U.S. Treasury, end of year or month—
bil. $_.
U.S. savings bonds:
Amount outstanding, end of yr. or mo___do___
i 49. 89
Sales, series E and H
__do._.
4.61
5.25
Redemptions
_-do___
5,670
5,860
5,908
755
5,044
765
5,135
""788"
5,C
824
5,067
5, 517
2,084
1,527
1, 906
5,552
1,979
1, 707
1,866
6, 865
2,676
1,890
2,299
6,317
2, 322
1, 826
2,169
6,658
2,486
1,874
2,298
5,942
2,137
1,727
2,078
6,694
2, 526
1,898
2,270
6,028
2,215
1,763
2,050
7,236
2,746
2, 013
2,477
6,251
2,252
1,783
2,213
6, 492
2,340
1, 957
2,195
5,954
2,135
1,781
6,673
2,479
1,959
2,235
6,024
2,216
1,708
2,100
6,505
2,302
1,958
2,245
5,974
2,145
1,729
2,100
6,472
2,298
1,933
2,241
5,979
2,159
1,784
6,675
2,419
1,944
2,312
6,126
2,211
1,767
2,148
12, 599 4,283 10,728
11, 090 10, 518 12,312
1,509 -6,234 - 1 , 584
10,838
7, 091 12,400
11,121 11,233 11,264
-283 -4,142
1,136
13,804
12, 086
1,718
11,853
11,325
528
13,916
12,821
1,095
20,294
11, 827
8,466
32,646
32,395
251
30,646
32,104
-1,458
30, 685
33,098
-2,413
33,684
36,908
-3,224
39, 567
35,758
3,809
124.9
123. 4
1.6
125.0
120.6
4.4
123.8
126.3
-2.5
126.9
127. 0
136.0
133.7
2.3
141.0
137.1
124,354
96,679
1,646
56,102
27,035
17, 268
22,303
101,378
11,615
5,151
52, 773
32, 582
15, 525
13, 404
145
5,324
6,597
1,406
2,053
9,070
989
476
4,949
2,700
i 320. 90
i 316. 52
i 270. 26
115.51
i 46. 26
14.39
317. 27 316. 58 318. 24
313.11 312. 20 313. 90
264. 46 264. 41 264.12
14.92
14.59
14.39
48.65
49.78
47.79
4.34
4.16
4.38
123,376
127,,,920
—4;, 544
1.46
.59
i 50.46
4.49
5.44
50.15
.36
.46
5,070
3,807
137
1,661
727
629
1,915
7,240
1,000
210
3,848
2,261
.47
50.23
.39
.46
10, 586
7,350
145
5,540
482
2,501
1,918
483
4,372
3,261
.50
50.26
.37
.46
12, 640
10,999
159
5,422
4,236
1,120
1,703
9,452
966
474
4,531
3,482
4,327
3,295
153
1,508
625
461
1,580
8,750
962
486
4,477
2,878
10,220 10,807
8,106
9,553
164
140
5,934 3,705
507
4,315
1, 508
803
2,107
1,844
9,105
9,426
963
1,005
526
207
5,091
4,518
3,155
3,320
7,137
6,453
136
4,140
682
423
1,756
8,809
1,035
530
4,605
2,712
12,432
8,335
129
6,986
573
3,117
1,627
8,156
976
513
4,483
2,200
3.9
15, 701 13, 072 13, 746
11, 297 9,929
8,452
168
151
158
4,376
7,341
7,389
7,244
2,440
751
2,040
1,320
3,615
1,873
1,821
1,833
8,362 9,055
10,193
1,035
1,013
1,025
525
289
485
5,600 4,995
4,895
3, 038 2,078
2,650
'20,712
'17, 054
*172
P7,252
P8,252
P 2,719'
P2,317
P9,378
l08S
3
*>6,249
p.l, 726
316. 75 318. 90 321. 71 320.90 322.00 323.31 321. 00 319. 58 322. 36 319. 91
312. 36 314. 56 317.36 316.52 317.60 318. 92 316. 58 315. 22 317. 93 315. 43
264. 29 267. 60 270. 30 270.26 273.24 273.14 270. 62 270. 30 269.12 264. 31
15.64
15.50
15.18
15.47
15.65
15.58
15.40
15. 51 15. 53 15.82
45.96
51.12
47.05
44.36
44.92
48. 07 46.96
46.26
45.78
48.80
4.34
4.48
4.43
4.36
4.36
4.39
4.39
4.42
4.40
4.39
.47
.49
.46
.47
.52
.43
.42
.46
.46
50.49
50.63
50.36
50.42 50.46
50.44
50.52
50.58
50.45
50.28
.46
.40
.37
.34
.47
.43
.41
.34
.33
.35
.54
.49
.41
.40
.65
.45
.51
.47
.42
.46
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies +
153. 50 154. 42 155.19
bil. $ - 149. 47
69.82
69.63
69.16
i 67.96
Bonds (book value), total
do.
6.80
6.75
6.74
7. 94
Stocks (book value), total__
do.
58.02
57.66
57.38
Mortgage loans, total
...
do
i1 55.15
53.36
53.04
Nonfarm
do.
52.81
50. 85
4.64
4.65
Real estate
do_.
!4. 53
4.61
7.46
7.51
7.41
Policy loans and premium notes.___--___do_.
i 7.14
1.23
1.28
1.31
Cash
-__.__do_
11.49
6.97
7.00
7. 09
Other assets
do_
15.26
Payments to policyholders and beneficiaries in
935.5
U.S., total
mil. $_. 10, 757. 8 11,416.6
950. 2 911.6
400.4
Death benefits
.do
4, 533. 5 4,831. 4 399.3
67.9
Matured endowments
.do
931.1
80.9
71.1
898. 7
12.5
14.8
12.3
Disability payments
do._.
163. 0
160. 6
85.5
Annuity payments
do_.
89.0
84.6
96.1. 0 1, 038. 9
158.8
157.1
Surrender values
do..
1, 833. 7 1,932. 3 162.9
203.3
198. 5 210.4
Policy dividends
do..
2, 370.3 2, 519.
T1 Revised.
» Preliminary.
End of year; assets of life insurance companies are annual statement values.
§ See note "J" on p. S-17.
cf Other than borrowing.
% Revisions prior to 1965 for cash
transactions with the public (seas, adj.) and for Jan. 1964-May 1965 for assets of all life insurance cos. will be shown later.
156.04
69.84
6.96
58.41
53.72
4.
7.55
1.27
7.34
156.89
70.10
7.07
54.10
4.
7.59
1.25
7.38
157.64
70.22
7.13
59.28
54.52
4.70
7.62
1.36
7.33
158.70
69.97
7.24
60.02
55.20
4.
7.67
1.48
7.63
159. 63 160. 23
70.50
70.66
7.29
7.29
60.88
60.52
55. 99
55.68
4.70
4.69
7.72
7.77
1.30
1.30
7.60
7.63
160.80
70.98
7.27
61.29
56.32
4.72
7.85
1.02
7.67
161. 48 162. 04
71.15 r 71.18
7.28 r 7.31
61.71
62.10
56.65
56.98
4.73
4.74
7.96
8.05
.90
1. 01
7.74
7.65
978. 7
909.8 1,139.5 984.2
918.9 879.4 1, 246. 3 964.3
425.1
503.0
418.1
411.8
403.5
381.9
480.1
82.3
80.9
94.8
75.8
85.1
77.9
74.6
74.8
74.6
13.6
14.0
16.6
13.0
14.4
12.2
14.3
12.7
15.9
90.9
92.5
100.3
83.5
90.0
104.5
86.7
85.3
85.0
178.6
178.2
148.5
196.5
157.0
164.5
148.3
174. 8 162.1
200.7
188.0
209.3
186.4
228,3
169.2
215. 3
176.6
415.7
*New series; latest revised data for earlier periods appear in the Aug. 1965 and July 1966
issues of the SURVEY.
\Data for net receipts and total expenditures reflect exclusion of
certain interfund transactions.
954.2
SURVEY OF CURRENT BUSINESS
August 1966
1964
Unless otherwise stated, statistics through 1964
a n d descriptive notes are shown in t h e 1965
edition of B U S I N E S S S T A T I S T I C S
1966
1965
1965
Annual
S-19
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
LIFE INSURANCE—Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :J
Value, estimated total
mil $
105,008 1142,124 r 9,628
Ordinary
do
73,130
82,479
7,176
24,566 1 52,349
1,824
Group and mass-marketed ordinary
do
7,312
628
7,296
Industrial.--- _
do. _
8,785
6,609
1,586
590
8,966
6,811
1,554
601
9,979 137,703
6,859
7,085
2,542 129,997
621
578
10,296
7,286
2,374
636
12,180
7,601
4,055
524
8,120
6,151
1,420
549
8,494
6,564
1,392
538
11,352
7,980
2,750
622
10,173
7,308
2,291
574
9,938
7,431
1,878
629
9,945
7,468
1,908
569
1,254
954
194
105
1,222
915
204
103
1,191
898
193
100
1,264
962
196
106
1,248
934
211
104
1,532
1 026
278
228
1,251
953
188
110
1,216
914
206
96
1,364
1,046
220
98
1,251
947
203
101
1,310
990
217
103
1,296
989
213
95
Gold and silver:
Gold:
Monetary stock, U.S. (end of period)___mil. $__ 15,388
13,733 13,934 13,857 13,857 13,858 13, 857 13,805
142
43
81
256
99
Net release from earmark§
_ _do
-198
-157
18
Exports
thous. $._ 422,744 1,285,097 126, 407 159,947 108,028 126,324 101,275 101,335
1,562
40,888 101,669
2,153 17,794
1,539
Imports
do
1,888 56,027
13,733
-72
67,842
10,102
13,732
-37
10,877
3,037
13,730
-31
0
2,159
13, 634
20
67, 775
10, 766
13,632
-57
133
2,463
13, 532
26
13, 433
20
91.9
89.3
1.293
1.293
Premiums collected: %
Total life insurance premiums.
Ordinary
Group and wholesale
__
Industrial
_
do_ _
do
do
__ do__
14,385
10, 768
2,225
1,391
15,032
11 250
2,419
1,364
1,223
930
195
98
MONETARY STATISTICS
Production world total
South Africa.
Canada
United States
Silver:
ExDorts Imports
Price at New York
Production:
Canada
_'_-Mexico
United States
mil $
do
do
do
U,395.0
1, 019. 8 '1,069.4
133.4
125.6
51.4
thons $
do
_ dol. perfineoz
thous.fineoz__
do
..
do
144,121
66,311
1.293
29, 933
41,716
45, 872
54 061
64 769
1.293
31,916
40, 333
44,423
90.1
10.7
90.8
10.0
91.0
10.5
89.7
10.2
90.4
10.5
91.6
10.4
89.3
10.2
91.2
9.8
87.8
9.6
90.5
10.1
90.8
10.1
2 101
3,763
1.293
848
3,917
1.293
4 199
5,716
1.293
1,534
6,104.
1.293
4 046
4 722
1.293
5,072
10,809
1.293
3 908
7 688
1.293
4 616
6,475
1.293
8,875
6,546
1.293
7 929
6,452
1.293
•7 358
7,277
1.293
2,549
3,838
3,159
2,507
3,647
3,231
3,043
3, 566
2,957
3,020
3,677
3,871
2,801
2,273
3,580
3,496
2,424
4,027
3,026
2,960
3,736
4,149
3,555
3,793
5,611
41.5
41.5
42.1
42.6
2,884
2,903
3,418
4,104
3
2,867
6,825
3,625
13,332
1.293
2,583
bil. $.-
39.6
42.1
39.7
39.9
40.2
40.4
40.8
41.8
42.1
41.1
41.3
Money supply and related data (avg. of daily fig.):%
Unadjusted for seas, variation:
Total money supply
bil $
Currency outside banks
do
Demand deposits
do .
Time deposits adjusted^
__do
U.S. Government demand deposits
do
156.3
33.5
122.8
119.4
5.8
162.6
35.2
127.4
137.6
6.4
159.6
34.9
124.6
136.6
9.3
160.9
35.4
125. 6
138.3
9.1
160.5
35.5
125.0
140.2
7.4
163.2
35.6
127.5
141.4
5.6
165.8
36.0
129.8
143.5
5.0
167.4
36.5
130.9
144.4
4.0
172.0
37.0
135.0
145.3
4.5
173.0
36.5
136.5
147.4
3.7
167.8
36.3
131.5
148.7
5.1
167.8
36.5
131.3
150.2
4.6
171.6
36.8
134.8
152.2
3.0
168.8
166.9
37.3
37.0
131.5
129.9
153.9 *'154.1
7.2
6.2
167.9
37.8
130.2
155.7
8.0
161.8
35.0
126.8
135.9
162.5
35.2
127.3
137.6
162.7
35.4
127.3
140.1
164.3
35.6
128.7
141.6
165.6
35.9
129.7
143.6
165.7
36.1
129.6
145.5
167.4
36.3
131.2
147.0
168.4
36.7
131.8
148.0
168.0
36.8
131. 2
148.8
169.2
36.9
132.3
149.6
171.1
37.1
134.0
151.6
169.5
37.3
132.2
152.9
171.1
37.3
133.8
* 153. 3
169.6
37.6
132.0
154.9
49.3
104.9
35.1
44.4
31.1
48.4
99.4
35.5
44.9
31.7
47.2
95.4
35.3
44.1
31.4
47A
96.3
35.1
43.8
50.5
104.7
37.0
47.6
32.1
50.6
102,2
37.5
47.7
33.3
50.7
104.5
37.0
47.3
32.7
50.9
105.6
37.0
47.6
32.5
52.3
107.1
38.3
49.1
33.5
52.8
112.0
37.7
47.8
33.3
52.4
109.3
37.8
49.8
32.8
53.7
109.1
39.0
51.1
33.7
Currency in circulation (end of period)
Adjusted for seas, variation:
Total money supply
Currency outside banks
Demand deposits
Time deposits adjustedf
do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (225 SMSA's) 9 -.ratio of debits to deposits. _
New York SMSA _
. __do ___
Total 224 SMSA's (except 1N.Y.).
do____
6 other leading SMSA'stf
do
218 other SMSA's
.
_ do -
44.7
89.5
32.9
41.4
29.2
48.4
99.6
35.4
44.9
31.4
50.9
107.0
36.3
45.5
32.2
23 211
1,692
507
27 521
1,896
694
7 215
454
166
6,590
522
176
7,484
511
201
7,229
469
162
314
2,857
4,094
681
758
1 225
338
5 753
3,188
4,442
761
970
1 401
93
188
853
1,088
220
270
411
105
184
789
1,079
253
214
312
84
219
815
1,214
206
251
290
68
213
847
1,207
115
294
324
842
2 001
1,512
1,151
2 499
1,926
325
689
455
304
652
471
278
658
594
313
680
546
546
2 808
2,617
721
3 496
»3, 285
187
1 057
759
184
469
876
203
985
976
186
973
833
10 810
11 979
2 942
2 623
3 756
3,040
597
626
632
758
31.4
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Npt Tvrofit after taxes all indnstrips
mil 1?
Food and kindrert nrodnets
do
Textile mill products
do
Lumber and wood products (except furniture)
mil $
Chemicals and allied products._
Petroleum refining
_ _ do. _
do
PrimEirv nonferrous metal
do
Pritnarv iron and stppl
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.) ___mil. $..
Elec. machinery, equip., and supplies
do
Transportation equipment (except motor
vehicles etc }
mil $
TVTotor vehicles and pnnirvmpnt
do
Electric utilities, profits after taxes (Federal Reserve")
mil $
Transportation and communications (see pp. S-23
and S-24).
754
9 375
2 568
SECURITIES ISSUED
Securities and Exchange Commission:
2,354
4,297
2,936
Estimated ffross nrooeeds total
tnil $
37,122
40,108
By type of security:
2,262
3,988
2,814
34, 030
37,836
Bonds and notes, total
._
do
1,322
1,729
837
10,865
13,720
Corporate
do
78
154
78
2,679
1,547
Common stock
do
15
155
44
412
725
Preferred stock
.
do
r
2
Revised.
i Includes $27.8 bil. coverage on U.S. Armed Forces.
Estimated; excludes
3
U.S.S.R., other Eastern
European countries. China Mainland, and North Korea.
Data
4
for Nov.-Dec.
Beginning June 1966, data exclude balances accumulated
for payment
5
of personal loans (amounting to $1,140 million for week ending June 15).
Beginning with
April 1966 SUEVEY, data reflect reclassification of companies between paper and allied products
industries and instruments, etc. (included in all other).
IRevisions for 1964-Apr. 1965 for insurance written and for Jan.-Aug. 1964 for premiums
3,029
2,661
6,340
2,948
3,021
3,008
4,250
3,667
3,111
2,861
1,370
76
92
2,537
861
116
8
6,083
1,142
165
92
2,789
1,487
72
86
2,834
1,152
68
119
2,878
1,143
55
75
3,833
2,065
396
21
3,458
1,383
181
28
3,043
958
56
12
collected will be shown later: those for money supply and related data for 1959-64 appaar on
p. 44 of the June 1966 SURVEY.
§ Or increase in earmarked gold ( - ) .
1fTime deposits at all commercial banks other than those due to domestic commercial
banks and the U.S. Govt.
9 Total SMSA's include some cities and counties not designated as SMSA's.
©"Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of B U S I N E S S S T A T I S T I C S
1964
1965
Annual
August 1966
1965
June
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
SECURITIES ISSUED—Continued
Securities and Exchange Commission—Continued
Estimated gross proceeds—Continued
By type of issuer:
Corporate, total 9
mil. $_.
Manufacturing
do
Extractive (mining).
do.._.
Public utility
do___.
Railroad
do
Communication
do
Financial and real estate
do
Noncorporate, total 9
U.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):
Long-term
Short-term
-do
do
do—
13,957
3,046
421
2,760
333
2,189
3,856
15,992
5,417
342
2,936
284
947
4,276
2,038
484
14
195
16
99
1,045
1,443
454
43
228
27
154
206
364
19
305
13
29
134
435
25
365
26
202
343
287
28
169
20
96
284
23,165
10, 656
10, 544
24,116
9,348
11,148
2,260
362
1,000
1,492
388
1,055
1,424
371
718
1,490
342
984
1,398
424
21
242
11
47
544
1,646
492
64
307
14
60
437
370
21
399
46
142
153
1,273
541
34
249
42
163
116
2,482
1,001
28
344
40
304
296
1,592
673
14
368
35
77
173
1,026
413
38
259
47
41
111
1,675
4,942
3,463
1,018
1,302
331
768
1,682
475
1,176
1,735
345
845
1,768
457
848
2,075
426
1,181
2,085
412
896
do
13, 792
15.801
2,018
1,427
919
1,523
973
1,377
1,632
1,325
1,259
2,452
1,570
1,015
do
do
do
do
do
11, 233
7,003
4,230
754
1,805
13,063
7,712
5,352
996
1,741
1,665
651
1,014
72
281
1,168
735
433
137
122
760
572
188
1,249
797
452
130
143
834
480
355
49
90
1,183
584
598
52
143
1,279
699
580
136
217
1,214
959
255
22
1,068
817
251
22
169
2,039
1,482
557
7
407
1,421
1,077
344
16
133
258
13
64
do_._.
do
10,544
5,423
11,084
6,537
1,000
991
380
718
557
984
543
867
397
1,018
665
768
332
1,176
355
845
382
848
1,181
1,061
mil. $_.
__do
do
do
1488
i 5,101
i 1,169
i 4,132
1534
1 5,543
1 1.666
1 3, 706
515
5,139
1,297
4,436
491
4,887
1,233
3,676
491
4,908
1,192
3,771
539
5,016
1,369
525
5,096
1,475
3,552
550
5,232
1,479
3,661
534
5,543
1,666
3,706
581
5,576
1,730
3,669
575
5,777
1,765
3,586
645
5,671
1,822
3,603
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, u t i l i t y , and railroad (AAA issues):
Composited*.
. ———dol. per $100 bond-.
Domestic municipal (15 bonds)
do
95.1
111.5
93.9
110.6
93.9
110.8
110.8
93.5
111.0
92.8
109.3
92.7
108.4
92.3
107.7
91.1
106.3
90.5
106.9
105. 2
84.46
83.76
84.57
84.51
84.00
83.27
82.97
82.22
81. 21
81.15
2,882. 48 3,794.22 303. 79
2, 640. 74 3,288. 68 278.99
265. 58
248.19
294. 76
256. 23
398. 73
332. 00
424. 51 373.10
345. 52 296.25
490.17
368. 03
2,782. 80 3,643.11
2, 542. 26 3.150.16
287. 04
262. 56
253. 01
235. 86
282. 80
245.19
389.95
323. 26
414.32
336.49
361. 09
285. 05
2, 524. 50 2,975. 21 271. 92
r
877
865
1,118
'"384
604
5,862
1,744
3,858
625
5,797
1,839
3,741
592
5,795
1,661
3,809
87.9
103.9
87.6
105.9
87.6
104. 5
' 87. 0
103.2
79.32
78.92
79.75
79.56
78.93
359. 80
287.99
383. 38
296.12
485.14
373.14
423.27
334.44
394. 28
344. 51
312.44
258.46
469.00
350.45
348.47
278.54
371. 60 466.96
285.18 358.35
402.67
318. 91
333. 50
301.98
248. 57
SECURITY M A R K E T S
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
U.S. Treasury bonds, taxablef
.—do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $_.
Face value
do
New York Stock Exchange:
Market value
do
Face v a l u e . . do
New York Stock Exchange, exclusive of some
stopped sales, face value, total.
mil. $_.
Yields:
Domestic corporate (Moody's)
percentBy rating:
Aaa_
do
Aa
.
..do
A
do___
Baa
_.-do
By group:
Industrials.
do
Public utilities
do___
Railroads
____do___
Domestic municipal:
Bond Buyer (20 bonds)
do___
Standard & Poor's Corp. (15 bonds)—
do_ _ _
191. 64
244.98
307.79
290.84
272.00
302.78
252.64
250. 95
331.66
253. 71
285.53
208.88
4.57
4.64
4.60
4.64
4.65
4.69
4.72
4.75
4.84
4.89
4.94
5.10
5.16
5.18
5.28
4.40
4.49
4.57
4.83
4.49
4.57
4.63
4.87
4.46
4.52
4.58
4.85
4.48
4.56
4.62
4.88
4.49
4.59
4.65
4.88
4.52
4.63
4.69
4.91
4.56
4,66
4.71
4.93
4.60
4.69
4.75
4.95
4.68
4.80
4.85
5.02
4.74
4.83
4.91
5.06
4.78
4.90
4.96
5.12
4.92
5.05
5.12
5.32
4.96
5.10
5.18
5.41
4.98
5.10
5.17
5.48
5.07
5.16
5.29
5.58
4.52
4.53
4.67
4.61
4.60
4.72
4.59
4.56
4.66
4.62
4.58
4.71
4.63
4.60
4.73
4.65
4.64
4.77
4.67
4.67
4.81
4.71
4.71
4.83
4.79
4.82
4.91
4.84
4.85
4.97
4.91
4.90
5.02
5.06
5.08
5.18
5.09
5.21
5.19
5.12
5.23
5.20
5.25
5.32
5.26
3.20
3.22
3.28
3.27
3.30
3.26
3.25
3.26
3.29
3.25
3.41
3.36
3.40
3.42
3.50
3.47
3.54
3.56
3.54
3.52
3.83
3.63
3.59
3.72
3.62
3.59
3.78
3.68
3.83
3.77
4.15
4.21
4.14
4.15
4.19
4.25
4.27
4.34
4.43
4.43
4.61
4.63
4.55
4.57
4.63
Cash dividend payments publicly reported:
Total dividend payments. _
_ _ _ —mil. $_. 17,682
19,488
2,864
1,279
do
do
do
2,805
9,298
601
3,154
10,317
637
251
1,951
121
271
400
19
115
189
1
do
do
do___.
do
do
1,573
2,035
422
680
268
1,678
2,174
446
768
314
115
242
71
74
39
312
152
21
81
23
Dividend rates and prices, common stocks
(Moody's):
Dividends per share, annual rate, composite
dollars __
Industrials
do.
Public utilities
...do.
Railroads
do.
N.Y. banks
do.
Fire insurance companies
do
7.05
7.70
3.43
3.81
4.57
6.00
7.65
8.48
3.86
4.09
4.90
6,33
7.55
8.38
3.83
4.04
4.92
6.31
235. 08
258. 55
108. 76
94.01
250. 31
284. 32
117.08
95.06
238. 93
269.18
114. 22
86.23
U.S. Treasury bonds, taxable©
do___
Stocks
Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas__
Railroads
Trade
Miscellaneous
:_
Price per share, end of mo., composite
Industrials
Public utilities
___•
Railroads
r
__do_.
do_.
do_
do_.
537
3,881
1,561
2,870
1,385
526
3,043
1,763
122
277
431
21
141
199
4
572
2,504
187
428
460
23
326
193
4
293
1,880
124
280
438
21
111
197
3
261
2,064
127
2
150
9
29
12
114
245
70
76
40
316
153
25
84
26
2
146
7
26
12
118
252
113
81
54
343
156
19
107
25
3
159
9
48
14
121
258
74
73
47
349
160
27
84
26
7.57
8.41
3.84
4.04
4.92
6.31
7.59
8.42
3.88
4.07
4.92
6.31
7.63
8.47
3.90
4.08
4.92
6.31
7.78
8.67
3.96
4.16
4.92
6.31
8.12
9.03
3.99
4.28
4.93
6.57
8.15
9.06
4.02
4.34
4.94
6.59
8.18
9.10
4.03
4.35
4.94
6.59
8.22
9.16
4.03
4.35
4.94
6.59
8.23
9.17
4.08
4.35
4.94
6.65
8.23
9.18
4.08
4.35
4.94
6.65
8.24
9.18
4.09
4.35
4.94
6.65
8.26
9.18
4.10
4.39
5.14
6.65
242.16
273. 38
114. 76
90.93
246. 50
279. 07
115. 46
94.36
254. 52
290. 30
116.95
95.11
260. 91
301. 00
118. 38
255.62
296. 07
115.84
102.30
258.09
299.67
114.86
103.46
257. 90
300.28
111.34
109.88
252.36
293. 20
106.81
110. 59
244. 95
286.15
105. 41
102. 01
246. 67
288.13
106. 33
102. 66
236. 01
274.18
102. 45
93.56
230.25
267.22
99.95
92.58
2,735
Revised. 1 End of year.
9 Includes data not shown separately,
cf Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
160
124
261
80
82
44
1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
0 For bonds due or callable in 10 years or more.
SUEVEY OF CURRENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
S-21
1966
1965
1965
Annual
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FINANCE—Continued
SECURITY MARKETS—Continued
Stocks—Continued
Dividend yields and earnings, common stocks
(Moody's):
Yields, composite
__ .percent. _
Industrials
do
Public utilities
.
do.—
Railroads
do_._.
N.Y. banks
do__Fire insurance companies
do
3.00
2.98
3.15
4.05
2.97
2.50
3. 06
2.98
3.30
4.30
3.33
2.74
3.16
3.11
3.35
4.69
3.51
2.84
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.):
Industrials
dollars..
Public utilities
...
do....
Railroads
do
14.39
5.41
6.97
16.50
5.92
8.16
17.21
5.68
6.91
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
____percent-
4.32
4.33
4.38
4.38
4.34
4.32
4.38
4.41
4.47
4.51
4.63
4.83
4.78
4.83
4.93
5.00
294.23
834. 05.
146.02
204.36
318.50
910.88
157. 88
216.41
302.72
878.06
154.93
195. 79
303. 66
873. 43
155.71
199. 51
312.37
887.70
155. 44
214.21
321.61
922.18
157. 51
218.86
330. 89
944.77
157.19
231. 09
335.45
953.31
157.11
238.11
337.09
955.19
152. 00
245.33
346.95
985.93
151.26
255. 52
347. 42
977.15
145.87
264. 99
331.16
926.43
141.49
252.80
337. 27
943.70
140.26
260.64
314.62
890. 70
137.32
233.07
311.51
888.73
134.07
229.24
308.07
875.87
133. 72
227.18
81.37
88.17
85.04
84.91
86.49
89.38
91.39
92.15
91. 73
93.32
92.69
88.88
91. 60
86.78
86.06
85.84
86.19
76.34
73.84
69.91
45.46
93.48
85.26
81.94
76.08
46.78
90.19
81.62
80.04
74.19
42.52
89.92
80.54
78.80
74. 63
43.31
91.68
83.25
80.23
74.71
46.13
94.93
86.91
82.34
76.10
46.96
97.20
90.28
83.90
76.69
48.46
98.02
91.62
83.75
76.72
50.23
97.66
91.42
83.31
75.39
51.03
99.56
93.35
84.28
74. 50
53.68
99.11
93.69
83.48
71. 87
54.78
95.04
90.28
78.96
69.21
51.52
98.17
93.54
79.28
70.06
52.33
92.85
88. 78
75.12
68.49
47.00
92.14
87.34
73.75
67.51
46.35
91.95
86.38
73.87
67.30
45.50
39.64
77.54
67.20
38.92
71.35
64.17
37.17
68.47
62. 54
38.18
70.22
60.95
38.96
70.98
60.75
40.43
72.74
60.79
39. 68
71.68
58.58
37.19
69.26
59.56
37.71
70.27
66.13
37.24
70.93
67. 86
36.10
70.51
66.98
34.11
65.19
63.28
33.67
64.17
65. 27
32.32
61.22
63.33
32.39
61.32
61.64
32.50
62.38
62.63
72,147
2,045
89, 225
2,587
6,911
5,656
5,952
7,993
9,664
8,603
11, 683
11,022
11,169
12,978
12,909
12,268
9,673
187
154
163
222
279
262
345
304
302
337
357
302
228
60,424
1,482
73,200
1,809
5,819
4,783
4,937
6 662
7,857
6,879
9,200
8,651
8,789
10, 359
9,893
9,800
7,772
136
116
120
165
199
163
231
206
198
224
221
209
162
1,237
1,556
128
85
109
155
164
147
191
183
166
192
186
171
141
120
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares
bil. $-_ 474.32
Number of shares listed
millions. _ 9,229
537.48
10,058
478.83
9,785
487.85
9,829
500.62
9,863
517.67
9,931
532.83
9,984
530.77
10,013
537.48
10, 058
542. 75
1.0,136
535.38
10,180
523.93
10,245
536.36
10, 276
507.77
10,507
502.41
10, 612
497.11
10,733
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
Standard & Poor's Corporation:c"
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10. Industrial, total (425 stocks) 9
do
Capital goods (122 stocks)
.
do
Consumers' goods (188 stocks)___._do._._
Public utility (50 stocks)
do
Railroad (25 stocks)
do....
Banks:
New York City (10 stocks)
do__Outside New York City (16 stocks) ____do._-_
Fire and casualty insurance (22 stocks)___do_._.
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. $..
Shares sold
millions..
On New York Stock Exchange:
Market value
__mil. $__
Shares sold (cleared or settled)
millions. _
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E.; sales effected)
millions..
3.13
3.08
3.35
4.44
3.38
2.86
3.08
3.02
3.36
4.31
3.25
2.90
3.00
2.92
3.33
4.29
3.17
2.94
2.98
2.88
3.35
4.17
3.43
2.96
3.18
3.05
3.44
4.18
3.51
2.94
3.17
3.03
3.62
3.96
3.55
2.70
3.16
3.02
3.50
4.19
3.51
2.63
3.26
3.12
3.77
3.93
3.78
2.79
3.34
3.19
3.84
4.24
4.03
2.82
3.49
3.35
3.99
4.65
3.95
2.97
17.10
6.03
8.56
18.26
5.92
8.16
14.60
5.82
7.22
3.36
3.20
3.87
4.26
3.81
2.95
3.59
3.44
4.10
4.74
4.18
3.05
3.64
3.50
4.08
4.95
4.30
2.98
18.10
6.09
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.), incl. reexports, totalO
Excl. Dept. of Defense shipments
Seasonally adjusted
mil. $_. 26,488.8 27,346.2 2,335.6 2,244.8 2,188.3 2,163.0 2,444. 0 2,505. 4 2,606. 5 12,132.5 2,297. 5 2,817.9 2,600.5 2,616.9 2, 569. 9
25,670.6 26,567.1 2,218.9 2,172.1 2,123. 5 2,140.2 2,419. 5 2,440. 4 2, 550. 5 12,132.5 2,210. 3 2,747.0 2,464.7 2, 505.9 2,468. 2
__do
rio
By geographic regions: A
Africa
Asia
Australia and Oceania
2,230.2 2,255.5 2,332.9
Europe
do
do
do
1,222. 5 1,224.1
5,233. 7 5,495.8
850.7
750.1
8,326.7 8,851.6
Northern North America
Southern North America
South America
do
do
do
4 746.7 5,587.1
2,044. 8 2,094.6
2,129. 7 2,141.7
do
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
India
Indonesia
Philippines
Japan
Europe:
France
East Germany
West Germany
82.1
485.0
69.4
732.9
111.9
422.1
104.9
670.4
129.2
401.1
78.9
666.7
105.6
458.8
67.1
806.0
84.5
480.3
66.3
857.6
91.0
525.9
60.2
880.4
85.9
400.6
56.9
765.2
86.2
447.2
60.2
790.3
132.0
533.6
70.2
993.5
114.4
495.6
60.0
820.4
114.7
442.0
61. 5
828.1
116.7
497.7
64.7
773.2
531 1
179.1
168.9
451.1
171.0
164.7
440.1
170. 9
172.2
458.5
172.8
191.9
532.5
188.6
210.6
528.3
193.0
197.4
524.8
190.4
227.8
434.1
170.3
178.1
457.4
161.3
177.2
567.1
212.0
217.8
564.6
176.7
196.0
623.5
186.2
213.4
606.7
187.4
193.9
268. 2
396.1
157. 6
437. 8
11 7
42.0
10.4
29.5
23.6
41.9
17.8
50.0
11.9
35.7
27.7
21.2
30.6
5.8
12.0
23.2
22.8
41.4
18.6
33.3
22.6
30.8
24.3
31.3
"do
639.6
955.0
375.7
77.0
700.7
928. 0
335.9
89.5
58.2
92.2
28 9
58.6
97.3
26.9
78.1
75.2
31.3
60.9
72.9
14.0
52.3
73.3
22.9
56.3
53.3
25.5
50.1
63.0
42.3
46.3
62.3
17.3
49.9
88.4
15.8
58.8
116.9
13.2
47.6
63.0
16.8
54.0
71.5
17.4
7.6
8.1
7.5
7.1
7.4
8.1
8.0
3.0
3.7
4.1
51.0
97.9
11.7
4.3
2.7
2.7
3.8
2.9
2.5
3.1
2.4
3.0
25.4
196.6
2.3
26.1
202.6
24.1
157.9
26.6
174.2
29.3
189.2
do
do
do
rin
41.5
68.1
336.3
361.5
1,912. 6 2,057.5
do
do
do
805.9
20.2
1,315.2
An
.
r
r
120.2
459.0
70.2
675. 5
do
do
Asia; Australia and Oceania:
Australia, including New Guinea
Pakistan
Malaysia
r
901.8
12.6
1,501. 8
3.3
27.7
152.3
71.5
r
.8
113. 2
4.3
28.4
195.4
69.2
.1
121.2
2.1
24.7
156.7
72.7
.6
120.1
864.4
60.7
833.4
Italy
63.6
67.5
do
44.4
144. 6
2.0
3.1
3.1
Union of Soviet Socialist Republics..
1,471.4 1,564.8
128.5
United Kingdom....
117.5
118.7
r
Revised.
* Preliminary.
i See note 2 for p. S-22.
d"Number of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
O Beginning Jan. 1965, data reflect adoption of revised export schedule; in some instances,
2,324.1 2,341.6 2,408. 2 2,355. 8 2,248. 6 2,334. 8 2, 594. 4 2,331. 2 2,364.4 2,485.8
34.5
145.6
61.8
.5
114.1
32.0
169.9
78.9
6.4
86.1
6.1
88.0
83.3
23.9
174.6
84.0
27.5
194.3
98.7
4.1
29.6
196.0
82.6
3.7
83.2
3.9
79.5
1.2
.9
3.4
3.7
1.6
1.4
4.2
3.4
.6
147.0
159.7
129.6
131.5
121.2
166.1
143.9
131.0
127.9
75.4
74.2
67.9
88.5
81.3
81.7
71.8
85.1
86.5
59.5
5.2
6.2
4.2
2.9
4.8
2.6
3.1
3.1
4.3
1.5
138.6
118.
0
138.1
175.6
140.9
140.
0
143.9
126.3
155.6
164.1
items from the
because of regrouping of commodities and release of some "special category" item;
restricted list, data for commodities and countries are not comparable with those for earlier
periods.
A Excludes "special category" shipments.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1
1965
1966
1965
June
Annual
August 1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE—Continued
Value—Continued
Exports (mdse.), incl. reexports—ContinuecI
By leading countries—Continued
North and South America:
Canada
•mil. $
Latin American Republics, total 9 -- do
Argentina
Brazil
Chile
__
_
_ do- _
_
do
do
Colombia
Cuba
M^exico
Venezuela
do
do
do
do
Exports of U.S. merchandise, total O t
"do
Excl military grant-aidt By economic classes:
Crude materials
_ _
_
__ _ do___
do
Crude foodstuffs
Manufactured foodstuffs and beverages do
Semimanufactures cf
do
do
Finished manufactures cf
Excl militarv srant-aid
do
By principal commodities:
Agricultural products, total 9
do
Animal and vegetable oils and fats
Cotton, unmanufactured
Fruits, vegetables, and preparationsGrains and preparations
Meat and meat preparations
Tobacco and manufactures A
Nonagricultural products, total 9 Automobiles, parts, and accessories
Chemicals and related products!
Coal and related fuels
Iron and steel prod. (excl. adv. mfs.)
Machinery, total § 9
r
4,774.5
5,586.7
531.1
451.1
440.1
458.5
532.5
528.3
524.8
434.1
457.4
567.0
564.5
623.5
606. 7
3,737.9
3,750.6
307.6
297.6
304.1
327.3
354.5
344.8
375.8
310.4
303.4
379.6
331.0
357.3
338.8
261.6
387.8
180.9
266.0
328.6
235.3
19.4
20.2
15.8
22.0
18.8
18.0
25.9
24.7
17.4
18.4
32.0
31.1
25.5
39.9
21.3
22.7
35.9
23.2
22.8
52.1
26.3
16.8
39.5
20.8
16.7
31.5
22.3
18.7
53.6
20.7
15.0
46.0
19.4
18.1
51.2
23.3
16.0
34.2
23.3
13.4
15.5
0)
93.1
49.9
18.3
23.9
18.0
0)
93.5
45.0
21.9
0)
86.9
44.6
25.2
C1)
108.6
51.7
23.3
28.0
98.0
58.3
246.2
196.4
(i)
(i)
1, 092.4
606.3
1,105. 2
623.7
13.8
12.8
0
0
0
95.2
55.8
92.5
52.2
88.9
52.8
17.2
0
0
0
99.2
54.0
99.0
56.9
24.7
0
0
0
88.2
49.6
98.2
49.8
96.8
52.1
26,136. 4 27,003.3 2,307.4 2, 212.1 2,161.0 2,133. 2 2,411.9 2,472. 2 2,576. 0 2,105.3 2, 264. 0 2, 778. 4 2, 557.9 2,568.1 2,531.2
25,318. 2 26,224. 5 2,190. 7 2,139. 4 2,096.2 2,110. 4 2,387. 4 2,407.2 2,520.0 2,105.3 2,176.8 2, 707. 5 2, 422.1 2,457.1 2,429.5
2,897. 5
2,540. 2
1 687 4
4 067 2
14,893. 8
14,076.1
6,228. 6
530.9
do
do
do
do
do
do
429 4
690.2
434.7
2 579 8
181.3
544.5
do
19,788.9 20,774.7
1,776.5
6,347.5
548.0
459.3
484.6
587.0
652.2
, 664.1 1,701.7 1,648.6 1,824.9 1,820.0
647.5
505.7
1,928.5 1,599.6
518.6
624.8
552.3
549.6
551.1
1,745.4 2,153.6 2,005.6 2,018.5 1,980.1
1 720 8
2 326. 2
504 7
do .._
895.7
do
do
do
--- _ d o . _ 6, 344.8
Agricultural
Tractors parts, and accessories
Electrical
M etal working §
Other industrial
Petroleum and products
Textiles and manufactures
General imports total t
Seasonally adjusted^
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
do
do
do
do
do
229.0
547 3
1 540 2
520.6
2 991 7
do
do
471.4
804 9
do
do
do
do
do
do
Northern North America
do
do
Southern North America
do
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
do
do
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
do
do
India
do
Pakistan
do
Malaysia
do
Indonesia
do
Philippines
do
Japan
Europe:
France
do
do
East Germany
West Germany
do
dn
Italy _
Union of Soviet Socialist Republics-___do
United Kingdom
rin
North and South America:
Canada
do
18, 684.0 21,366.4 1,907. 0 1,632. 9 1,716.0 1,797.6 1,997.1 1,966. 7 2,159.9 1,828. 7 1,822. 5 2, 245. 7 2,071. 2 2,092. 5 2,193. 5
1,829.5 1,663.1 1, 763. 6 1,806. 8 2,005.9 1,903.3 2,034.6 1,935.5 1,992. 9 2, 072. 7 2,138. 2 2,070.2 2,114.9
82.0
410 9
30.8
537.6
50.9
345.6
41.7
505.7
68.4
394.7
36.7
486.8
89.1
423.4
47.4
489.9
'87.9
411.0
55.5
621.1
81.1
412.4
35.2
592.3
90.0
446.6
37.7
661.5
70.9
373 8
37.8
556.5
72.2
375.6
43.3
534.1
119.0
438.0
41.7
689.8
88.5
434.6
48.6
637.7
102.5
416. 2
41.4
644.4
75.7
449.8
69.0
656.8
4 241 6 4 837.1
441 7
1,639.3 1,741.1
158.3
2 508.5 2,626.2 '244 0
400.5
114.5
173.2
408.3
123.1
198.9
414.7
118.2
214.1
416.4
136.4
268.4
448.9
151.9
243.2
470.1
178.0
274.7
403.1
161.3
225.2
417.0
153.9
225.4
520.7
182.8
252.7
472. 8
170.0
218.8
511.4
156.1
219.6
554.6
155.5
230.7
916.5
875.1
3 619 5 4 528 4
453.5
439.7
5,307.3 6,293.0
16.1
225.1
1.0
18.8
2.6
8.2
.6
15.3
.5
27.6
.6
16.3
.5
26.3
1.2
25.6
2.8
16.5
1.0
14.1
1.9
31.3
3.6
17.4
.8
37.2
2.0
21.9
281 1
314 1
348.0
304.5
40.0
44.8
211 9
161 1
165.3
169 7
369 1
387 2
1,768. 0 2,414.1
20 1
33.1
4.1
17 3
15.7
27 1
220.0
25.9
23.7
4.0
16 7
10.2
25 6
194.5
25.1
28. 0
4.2
13.6
10.8
35.3
231.0
35.1
31.8
3.6
24.5
14.7
33.5
224.1
43.0
27.0
3.3
18.6
16.2
31.2
227.8
23.2
27.3
2.6
18.5
13.8
28.5
231.3
28.7
33.8
5.3
26.9
15.7
39.9
221.9
26.2
28.9
6.3
83
12.5
29 2
200.8
31.6
25.4
5.5
18.7
12.6
32.5
190.0
24.3
26.0
6.5
10.4
16.3
40.6
250.1
27.3
29.0
5.7
17.1
18.8
34.6
245. 4
27.0
27.6
5.9
15.4
16.0
21.8
234.8
50.2
26.9
5.1
13.0
18.2
35.2
245.9
615.3
495 0
6.5
6.7
1 171.1 1 341 6
619.7
526 2
42.6
20.2
1,143.2 1,405.3
63.5
.3
117 6
54.8
2.6
112.7
55.1
.2
110.6
49.1
3.3
118.4
53.3
.3
91.2
56.1
2.4
112.1
41.7
1.4
110.4
53.1
1.9
111.8
54.7
.3
135.7
58.5
8.2
148.2
54.3
.4
133.1
58.8
3.5
137.1
61.5
1.2
131.9
67.9
5.7
165.3
47.6
.5
130.1
49.3
1.9
124.5
50.4
.4
119.7
51.6
4.8
106.0
63.8
.8
156. 8
58. 5
3.4
151.7
53.3
.5
131.8
56.1
3.7
138.0
61.3
.8
141.7
58.4
4.5
149.7
58.5
.6
151.3
64.9
4.5
144.1
4 238 5 4,831.9
441. 5
399.4
407.6
413.5
416.0
448.6
469.7
402.5
416.9
519.9
472.8
510.8
554.3
3, 676. 6 ' 343.1
238.6
270.4
276.2
348.5
342.4
380. 5
323.8
328.7
369.1
326. 3
318. 3
326.1
8.9
27.8
10.4
36.1
11.9
11.8
54.3
18.9
11.3
65.6
24.9
10.4
62.9
23.1
10.8
63. 0
11.5
11.3
48.5
19.4
9.3
48.1
17.2
12.9
42.9
22.2
14.4
44.9
16.2
13.7
43.1
18.0
14.5
48.1
17.9
18.8
Colombia
276 7
25.2
22.8
do
280 4
(l)
0
Cuba
0
0
do
Mexico
39.3
41.8
637.9
61. 9
do
643.1
77.5
Venezuela . .
71.1
956.4 1,020. 6 101.9
r
2
Revised.
p Preliminary.
i Less than $50,000.
Military grant-aid shipments for
Dec. 1965 (ordinarily included with Jan. 1966 data) are included in Feb. 1966 data; subsequent
months will include these shipments on a 2-months delayed basis.
JRevisions for Jan.Nov. 1964 will be shown later.
9 Includes data not shown separately.
OSee similar
24.1
31.4
27.0
31.6
22 6
27.8
20.9
20.7
26.8
20.1
0
0
0
0
0
0
0
0
0
Latin American Republics, total 9 __
Argentina __
Brazil _
Chile
16.2
249. 5
3,523. 7
do
do
do
111.3
534.7
218 2
122.1
511.9
209 4
r
11.1
37.8
22.3
9.9
(i)
39.2
47.3
63.7
65.5
73.1
70.1
64.8
58.7
65.2
62.9
68.9
84.5
70.3
110.1
111.6
82.2
69.0
84.6
81.7
84.6
note on p. S-21.
c^Data for semimanufactures reported as "special category" are included
withfinishedmanufactures.
AManufactures of tobacco are included in the nonagricultural
products total. §Excludes some "special category" exports.
SURVEY OF CURRENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1966
1965
June
Annual
S-23
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE—Continued
Value—Continued
Imports for consumption, total
mil. $_
By economic classes:
Crude materials
do...
Crude foodstuffs..
do...
Manufactured foodstuffs and beverages. _ do.__
Semimanufactures
.
do__.
Finished manufactures
___do___
By principal commodities:
Agricultural products, total?
do__.
Cocoa (cacao) beans, incl. shells
do__.
Coffee
do...
Rubber, crude (incl. latex and guayule) . d o . . .
Sugar (cane or beet)
___do___
Wool and mohair, unmanufactured....do...
Nonagricultural products, total 9
1,635.4 1,727.1 1,795.0 2, 003.9 1,952.9 2,129.8 1,800. 8 1,806. 2 2,231. 7 2,003.7 2,065.7 2,175. e
3,444.1
2, 034. 0
1,812. 0
3, 988.3
7,321. 5
4,104. 4 4, 092. 2
130.9
1, 200. 3
200.6
458.4
205.3
120.5
1,060.2
182. 3
444.7
235.1
345.2
262.3
319.0
354.1
411.2
399.0
428.6
353.3
371.6
431.2
390.4
358.3
387.2
13.2
89.7
16.9
42.5
18.6
8.6
59.4
12.8
22.3
16.9
11.3
77.8
11.2
42.7
19.1
14.5
83.6
15.3
8.9
128.7
17.4
50.8
17.9
7.6
125.9
17.2
41.0
18.4
7.4
113.5
17.2
51.7
17.5
13.4
93.0
9.4
16.7
23.7
18.0
102.5
18.3
28.8
21.1
15.4
118.2
15.2
36.3
27.9
10.1
97.1
18.7
37.8
29.2
12.6
91.2
16.4
30.1
18.5
6.2
80.2
17.2
47.2
21.4
do. _. 14,495. 9 17,189.6 1, 532. 8 1,373.1 1,408.1 1, 440. 9 1,592.7 1, 553.9 1,701.2 1,447. 5 1,434.6 1,800. 5 1,613. 3 1,707. 4 1,788.4
Furs and manufactures
.do
Iron and steel prod. (excl. adv. mfs.)...do
Nonferrous ores, metals, etc.:
Bauxite, crude
do
Aluminum semimfs (incl. calcined bauxite)
mil. $_.
Copper, crude and semimfs
do
Tin, including ore
.do
Paper base stocks
Newsprint
_..
Petroleum and products
18,600.3 21,281.8 1,878. 0
116.6
819.9
128.8
7.6
7.1
6.5
6.5
4.9
20.2
14.7
15.7
20.3
11.7
12.7
13.1
125.8
143.0
10.9
13.7
13.7
11.1
11.4
12.7
12.4
12.4
9.3
13.6
11.4
13.5
10.4
199.0
340.2
111.7
270.5
302.2
168.6
32.6
26.6
12.7
25.1
23.0
10.5
24.4
27.9
9.2
20.3
25.4
16.5
23.9
35.4
13.1
22.6
24.3
18.1
29.1
26.8
34.2
15.5
16.0
14.6
27.0
18.1
6.3
32.5
25.7
7.4
29.7
23.7
16.8
30.0
29.0
18.0
30.9
26.8
9.9
451.7
405.5
789.6
752.5
2.
063.3
1,872. 4
39.8
72.4
192.2
34.9
64.4
147.4
37.4
65.1
159.4
36.4
70.5
164.0
36.3
67.6
172.0
41.2
67.2
150.1
37.7
78.5
200.2
31.5
68.7
99.6
33.5
63.6
178.2
42.1
75.6
215.4
35.0
71.0
157.6
39.1
78.4
154.3
40.0
81.0
182.8
143
146
102
144
152
106
143
152
106
141
149
106
137
146
106
139
147
105
158
166
105
159
167
105
167
175
105
P177
P188
135
133
i 153
i 152
199
165
163
99
140
139
148
146
99
154
153
171
170
100
168
168
100
184
184
100
P192
thous. sh. tons.
mil. $_.
171,055
17,004
171,810
16,927
15, 753
1,412
16,340
1,448
15, 675
1,342
14,997
1,346
17,279
1,563
16, 304
1,527
14, 733
1,618
12, 423
1,340
13,480
1,396
15, 461
1,740
thous. sh. tons_
mil. $_
233,808
13,437
255,454
14,935
25,552
1,368
20,532
1,124
22, 078
1,225
21,222
1,295
22,304
1,412
20,381
1,352
24, 222
1,474
19, 010
1,264
17, 572
1,212
21, 982
1,479
thous. sh. tons.
mil. $_
163.3
1,844.6
228.7
2, 289. 4
17.7
182.5
17.5
180.3
18.2
189.6
17.9
173.1
19.2
202.0
22.6
234.4
21.2
231.9
18.9
221.1
20.0
220.5
22.9
226.4
24.5
222.4
21.1
240.2
thous. sh, tons.
mil. $_
64.3
956.1
96.1
1, 315. 9
9.2
103.9
7.5
104.9
6.8
95.1
8.1
94.0
8.3
144.8
8.7
123.9
11.7
154.7
8.2
112.0
7.3
118.2
9.4
150.8
8.9
137.1
9.0
129.2
.
do
do
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity
____1957-59=100.
Value
do__.
Unit value
do
Imports for consumption: c?
Quantity
do
Value
____do___
Unit value
.
do._.
Shipping Weight and Value
Water borne trade:
Exports (incl. reexports) :§
Shipping weight
Value
General imports:
Shipping weight
Value
Airborne trade:
Exports (incl. reexports):
Shipping weight..
Value
General imports:
Shipping weight
Value
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total):
Operating revenues, total 9 _mil. $..
Transport, total 9
...do
Passenger,.
do
Property
do
U.S. mail (excl. subsidy)
.
do____
Operating expenses (incl. depreciation) ...do
Net income (after taxes)
do____
Operating results:
Miles flown (revenue)
milExpress and freight ton-miles flown
do_._
Mail ton-miles
flown
do...
Passengers originated (revenue)...
do__.
Passenger-miles flown (revenue)
biL
Express Operations (qtrly.)
Transportation revenues
mil. $__
Express privilege payments
do
Local Transit Lines
Fares, average cash rate
___cents__
Passengers carried (revenue)
._._
mil__
Operating revenues
total)
mil. $__
Motor(qtrly.
Carriers
(Intercity)
2,831
2,805
2, 527
187
65
2,531
136
3,306
3,278
2,933
218
74
2,886
223
832
826
744
53
18
708
65
822.1
726.9
184.7
61.9
41.9
940.9
921.6
219. 6
71.4
49.2
78.3
74.5
16.9
6.3
4.5
412.4
118.2
431.4
119.3
103.7
28.2
21.2
6,854
1,408
22.1
6,787
p 1,427
22.0
563
885
878
788
55
17
739
79
82.1
73. 0
16.5
6.3
4.6
83.6
77.6
17.2
6.8
4.9
83.0
95.0
19.4
6.3
4.2
78.8
85.2
19.9
5.9
3.8
106.7
31.1
22.2
523
22.2
519
Carriers of property, class I (qtrly. total):
Number of reporting carriers
21,018
1,119
Operating revenues, total
....
.mil. $._
6,176 __ ____ 1,776
Expenses, total
do__._
5,890
1,663
Freigh t carried (revenue)
mil. tons. _
366 . . .
108
r
!
Revised.
p Preliminary.
See note "cf" for this page.
* Number of carriers filing
complete
reports for 1964.
3 As compiled by Air Transport Assn. of America.
4
Reflects New York City 13-day transit strike.
9 Includes data not shown separately.
79.7
86.7
17.7
6.1
4.2
854
846
747
61
22
762
49
22.2
559
84.5
92.9
29.4
6.3
4.5
876
868
775
58
21
788
45
84.9
75.9
19.8
6.3
4.4
78.0
79.4
20.2
5.8
4.0
22.3
574
22.3
601
87.1
94.1
23.8
7.4
5.1
103.9
25.6
119.1
32.5
22.2
589
87.9
96.3
24.2
6.9
4.7
22.3
477
4
22.3
528
22.3
607
22.3
579
22.3
590
22.3
566
cf Beginning Jan. 1965, indexes are based on general imports, instead of imports for consumption as formerly.
§Excludes "special category" shipments and all commodities
exported under foreign-aid
c
programs as Department of Defense controlled cargo.
Corrected.
SUKVEY OF 1DUKEENT BUSINESS
S-24
Unless otherwise stated, statistics through 1964
a n d descriptive notes are shown in t h e 1965
edition of B U S I N E S S S T A T I S T I C S
1964
1965
1966
1965
June
Annual
August 1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION-Continued
Motor Carriers (Intercity)—Continued
Freight carried, volume indexes, class I and I I
(ATA):
Common and contract carriers of property
(qtrly.)
average same period. 1957-59=100_.
Common carriers of general freight, seas, adj.*
1957-59=100Carriers of passengers, class I (qtrly.) :§
Number of reporting carriers
Operating revenues, total
mil. $_.
Expenses, total
do___.
Passengers carried (revenue)--.
mil_.
Class I Railroads
Freight carloadings (AAR):
Total cars.
!_
thous _.
Coal
--_
do
Coke
__do
Forest products
do
Grain and grain products
_-do
Livestock.—
__-__
____do_.
Ore
_
._do.
Merchandise, l.c.l
_
_____.do.
Miscellaneous
._do.
Freight carloadings, seas. adj. indexes (Fed. R.):
Total—.
— .1957-59=100.
Coai
do.__
Coke
..
do___
Forest products
do...
Grain and grain products
__do___
Livestock
do___
Ore
do_._
Merchandise, l.c.l
do...
Miscellaneous
_.
do...
Financial operations (qtrly.):
Operatins: revenues, total 9
---mil. $_
Freight
_.__do___
Passenger
do___
Operating expenses
do__ _
Tax accruals and rents
do.__
Net railway operating income.do___
Net income (after taxes)___
_
do___
Operating results:
Ton-miles of freight (net), revenue and nonrevenue (qtrly.)
__bil_
Revenue ton-miles*
do___
Revenue per ton-mile (qtrly. avg.)
cents.
Passengers (revenue) carried 1 mile (qtrly.) __mil_
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
._
mil. net tons.
Foreign vessels..—
_do.__
United States vessels......
do...
Panama Canal:
Total
-_-__._.
thous. lg. tons.
In United States vessels
_
_.do___
Travel
Hotels:
Average sale per occupied room
dollars.
Rooms occupied
% of total.
Restaurant sales index. ..same mo. 1951=100.
Foreign travel:
U.S. citizens: Arrivals
thous.
Departures
do...
Aliens: Arrivals
.
do.__
Departures
do...
Passports issued and renewed...
___do__.
National parks, visits
do...
Pullman Co. (qtrly.):
Passenger-miles " (revenue)
.—_
.mil.
Passenger revenues...
_
mil. $.
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues?---—.mil. $.
Station revenues
_
_
___do__.
Tolls, message.
.
„-do...
Operating expenses (before taxes).
_„_do___
Net operating income
do...
Phones in service, end of period
mil.
Telegraph carriers:
Domestic (wire-telegraph):
Operating revenues..
mil. $.
Operating expenses, incl. depreciation
do...
Net operating revenues..
_do._.
International:©*
Operating revenues
_.____
do...
Operating expenses, incl. depreciation
do...
Net operating revenues
do__.
r
2
137.6
150.9
151.4
131.9
144.3
143.8
1158
656.5
570.9
506.9
v 604.6
P511.4
P212.9
147
150.8
127.2
53.3
29,027
5,530
423
1,960
2,625
29.554
5,679
440
2,003
2.657
153
2,005
141.6
143.1
144.3
151.7
2 2,890 r 2,198
2 495
2 42
2 185
'149
'217
26
125
'5
1,962
2 285
'229
2 46
465
'34
16.222 21, 561
1,164
153.8
157.1
154.7
155.0
159.8
2,347
472
29
160
238
2,189
465
29
156
211
2,103
434
32
147
234
2.096
413
34
150
225
2 2,790
2 542
2 44
2 198
2 273
2,229
329
35
161
209
2,434
464
36
163
206
2 2, 966
2 528
2
42
2 201
2 283
2,175
360
33
150
236
11
192
33
1,220 2
2 26
2 228
2 41
1,6
16
129
31
1,273
10
73
29
1,217
7
65
27
1,158
67
26
1,174
28
2 103
233
21,591
7
155
26
1,307
7
226
24
27
2 299
2 30
21, 575
5
226
23
1,143
94
95
95
102
102
35
81
17
93
97
82
102
99
41
83
17
95
100
80
106
107
50
113
17
99
97
92
94
191
100
99
94
105
97
75
101
107
100
105
108
107
'95
'98
106
103
94
98
118
103
110
36
103
14
101
109
33
109
14
103
108
32
149
14
101
111
32
105
13
101
102
31
91
13
97
89
31
89
13
96
4 53.7
2,292
448
31
158
200
7
222
34
1,221
102
96
95
113
100
97
97
100
103
96
49
97
27
97
40
95
20
100
94
98
109
95
95
31
87
20
97
9,778
8,384
576
7,680
1,285
813
10,208
8,836
553
7,849
1,396
963
816
2,582
2,240
139
1,963
361
258
213
2,575
2,215
156
1,965
360
250
205
2,316
132
2,022
355
292
276
670.3
659.3
1.282
18,248
709.3
697.7
1.266
17,389
180.2
178.2
1.258
4,333
178.7
175. 6
1.261
5,151
185.2
181.9
1.273
4,084
202.2
166.9
35.3
r 208.7
' 174.7
'34.0
18.6
15.7
2.9
19.0
16.3
2.8
18.6
15.6
2.9
18.4
15.4
3.0
19.5
16.0
3.5
18.8
15.7
3.1
16.8
14.1
2.7
74,210
10,750
78.927
6,467
835
6,855
496
628
6,035
716
7,065
767
7,090
973
9.53
61
111
9.71
62
112
10.03
63
115
9.10
57
112
10.15
66
116
10.44
70
112
10.41
65
106
2,913
2,841
1,890
1,653
1,133
33,976
3,351
3,341
2,093
1,819
1,330
36,509
308
398
182
165
175
5,074
350
433
226
182
131
8,578
504
365
230
213
105
8,346
348
265
251
184
80
3,631
258
224
189
188
59
2,534
226
195
154
134
59
1,219
2,218
37.76
2,014
34.55
473
8.05
10,938
5,922
3,827
6,496
1,924
77.4
11,750
6,272
4,188
7,076
2,091
81.5
1,547
1,028
1,751
519
79.2
299.4
264.2
21.1
305.6
267.4
107.4
3 83.0
»17.6
112.2
87.0
21.0
94
101
117
99
101
34
86
18
96
154.6
3,108
2 610
2 36
2 200
2 284
2,381
479
35
161
221
95
98
122
103
82
33
90
20
99
154.7
154.5
147
147.2
127.8
53.2
147
188.1
142.6
59.4
112
114
45
117
18
105
94
92
103
115
34
112
16
102
2,518
2,207
122
1,954
351
213
70.4
4 55.8
4 60.1 2 4 7 3 . 2
7,193
6,849
821
6,847
798
7,065
925
62
118
9.41
65
123
10.26
66
117
9.73
67
127
10.43
65
122
227
248
131
111
104
762
280
262
163
133
176
1,075
301
330
192
153
187
1,766
200
2,630
210
5,492
4 52.9
4 53.0 2 4
6,442
7,123
780
6,340
762
9.08
49
115
9.64
60
106
200
221
155
152
59
817
231
232
158
119
84
741
556
9.38
458
8.04
474
8.15
2,964
1,573
1,064
1,765
80.4
3,056
1,620
1,108
1,873
530
81.5
3,104
1,637
1,124
1,849
556
82.7
77.3
67.6
5.6
77.3
68.6
5.3
77.3
65.7
9.0
76.
i.9
5.3
28.8
22.1
5.3
27.0
21.2
5.0
29.2
22.4
6.0
•28.9
21.7
6.2
Revised.
v Preliminary.
1 Number of carriers
filing complete reports for 1964.
3
Data cover 5 weeks; other periods, 4 weeks.
Revised total; quarterly revisions are
not available.
4 Preliminary estimate by Association of American Railroads.
*New series. The monthly motor carrier index (ATA) is based on a sample of carriers
that represents approximately one-third of the class I and II common carriers of general
freight; monthly data back to 1955 are shown on p. 40 of the July 1966 SURVEY. Railroad
revenue ton-miles are compiled by Interstate Commerce Commission.
148.9
148.8
141.5
149
8,730
§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedules
are classified as intercity if intercity revenues equal or exceed 50 percent of revenues from
both operations.
9 Includes data not shown separately.
cf Radio-telegraph and cable carriers. Comparability of data between periods showahas
been affected by organizational changes: certain operations reported prior to 1965, and others
reported through mid-1965, are no longer covered.
SURVEY OF CURRENT BUSINESS
August 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
S-25
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
' 1,370
1,394
June
July
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil. cu. ft_.
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons_.
Carbon dioxide, liquid, gas, and solid
_do___.
Chlorine, gas (100% Cl2)
do___.
Hydrochloric acid (100% HC1)
do___.
Nitric acid (100% HNO 3 )_
...—
do-....
Oxygen (high purity)
mil. cu. ft_.
Phosphoric acid (100% P2Os)
thous. sh. tons...
Sodium carbonate (soda ash), synthetic (58%
Na2O)
-thous. sh. tons..
Sodium bichromate and chromate__..
__do
Sodium hydroxide (100% NaOH)
do.__.
Sodium silicate (soluble silicate glass), anhydrous
thous. sh. tons_.
Sodium sulfates (anhydrous, refined; Glauber's
salt; crude saltcake)
...thous. sh. tons_.
Sulfuricacid (100% H3SO4)
do.__.
Organic chemicals, production:cf
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
15,964
16,548
1,401
7,634.3
1,119.6
5,945.2
1,264.2
4,732.5
153,387
3,283.0
8,607.4
1.173.8
6.438.9
1,310.0
4,860.0
182,404
3,845.1
707.9
111.7
524.5
106.2
291.4
15,057
350.9
114.2
540.0
105.8
350.2
15,064
306.9
4,947.9
137.9
16,389.0
4.931.0
138.2
6,723.5
398.5
11.6
549.7
564.6
589.8
45.7
1,358
1,139
1,399
1,380
1,523
1,278
1,533
707.4
112.6
535.2
102.9
386.7
15,571
701. 4
104.2
517. 2
108.9
400.7
14,426
313.7
737.6
97.5
559.6
116.8
448.6
15,409
343.6
762.1
87.9
542.0
113.4
441.0
14,753
333.5
816.6
88.5
583.2
120.6
465.7
15,543
343.3
846.6
84.4
561.5
119.5
471.0
16,603
361.1
832.9
87.0
517.1
110.1
437.4
16,065
352. 7
920.2
100.5
593.5
121.4
450.5
18,303
394.7
411.8
9.5
572.0
409.2
10.6
558.4
398.5
12.0
530.1
414.6
11.8
422.7
11.7
563.0
431.3
12.2
604.1
411.6
12.4
584.5
386.4
11.4
532.3
439.1
12.6
628.1
' 423.0
12.6
' 605. 2
452.7
11.9
623,4
45.4
50.3
50.8
55.2
52.3
49.6
38.7
44.7
65.4
'54.7
39.2
1,385
1,315.6 1.392.4
105.3
123.1
122.0
108.1
125.9
22,923.5 24,822.0 2,011.0 2,001. 6 2,120. 9 2,088.8 2,175.8
1, 411
121.3
120.3
128.1
2,060.8 2,211.7 2,168. 0
' 851.9 937.4
110.2
101.1
586.1
' 573.3
134.0
123.3
428.8
' 431.3
17,636 18,621
406.6
405.0
129.4
119.2
124.0
111.6
2,091.5 2,297.2 '2,420.7 2,311.4
mil. Ib.
do___
mil. gal.
11,399.2
1,533.9
1
28.2
29.0
1113.3 2108.4
134.0
1.9
9.3
128.4
2.3
10.7
128.0
2.3
9.0
156.5
2.6
8.7
134.4
3.0
7.9
128.8
2.6
8.1
139.8
2.6
7.9
123.1
2.7
7.5
130.6
2.7
7.6
135.2
3.1
10.5
129.0
2.8
9.0
122.3
2.9
9.7
137.9
2.9
9.0
mil. lb.
do..
do_.
do__.
do___
mil. gal.
mil. lb-
1 123.7
144.6
U17.7
107.3
12,839.9 3,085.5
13.4
8.7
263.0
13.2
8.7
253.2
13.5
8.7
252.3
11.3
13.2
274.1
10.9
252.8
10.0
9.9
263.4
13.9
7.8
290.5
13.4
6.4
278.4
12.3
8.0
269.9
12.0
8.3
309.7
14.2
11.9
290.1
14.0
10.5
296.1
11.4
9.1
315.4
320.1
27.6
1397.7
1 555.5
353.2
24.7
433.3
579.1
31.6
25.5
37.3
46.3
25.7
28.6
37.3
49.1
30.3
28.2
36.0
48.1
27.9
29.8
34.1
47.7
33.7
32.6
35.1
47.5
30.5
28.4
36.1
47.1
28.3
24.7
42.1
53.1
30.3
39.4
55.0
28.6
28.6
36.0
49.0
29.8
30.0
39.6
57.3
30.1
16.6
39.1
54.9
'29.9
'20.8
36.7
57.1
32.4
20.1
33.2
55.7
mil. tax gal__
do
do
do
684.5
192.9
551.0
68.0
710.1
200.5
586.2
69.0
55.5
190.9
50.5
6.1
56.9
191.1
51.0
4.9
54.9
196.3
45.4
5.3
196.9
46.1
6.1
74.0
197.8
46.9
6.7
62.7
200.3
45.8
7.5
62.3
200.5
47.6
5.2
54.8
208.4
50.6
4.9
49.5
211.9
46.4
5.1
54.6
211.5
52.0
6.5
53.1
208.5
45.7
6.1
52.9
206.8
46.9
7.1
mil. wine gal__
do
do
296.8
296.7
3.4
315.9
315.2
5.4
27.1
27.9
5.1
27.4
27.0
5.6
24.3
24.7
5.2
24.8
25.2
4.7
25.3
24.6
5.5
26.3
27.2
4.4
25.6
25.5
5.4
27.2
29.2
3.4
24.9
24.3
4.0
28.0
28.1
3.8
24.6
24.6
3.7
25.3
25.9
thous. sh. tons__
do
do
__do
9,578
799
7,145
1,026
» 10.810
31.196
3 8,104
31,053
78
828
77
1,005
126
703
116
1,039
97
803
101
157
624
120
1,119
151
805
129
944
135
674
97
895
106
666
1,152
173
852
1,150
272
747
47
1,002
103
786
74
1,174
192
854
73
2,799
200
176
1,195
363
177
181
1,780
12
191
22
14
14
179
17
14
7
227
8
21
10
136
50
15
10
183
47
18
181
18
11
19
139
17
15
26
290
44
20
20
284
15
10
175
43
3,342
116
199
357
234
307
208
250
335
238
495
3,831
469
305
275
450
304
459
302
411
338
425
334
463
348
349
505
363
548
422
413
'400
'293
402
DDT
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks, end of period
Methanol, synthetic and natural.—
Phthalic anhydride
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks, end of period
Use for denaturation
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks, end of period
37
FERTILIZERS
Exports, total9
Nitrogenous materials
Phosphate materials
Potash materials
Imports, total semimanufactures 9
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
do
do
do
____do
do
Potash deliveries (K2O)
do
Superphosphate and other phosphatic fertilizers
(100%P2O5):
Production
____thous. sh. tons__
Stocks, end of period
do
1,465
431
19
74
725
58
1,086
128
736
115
528
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
.8
Black blasting powder
....mil. lb__
High explosives
do
1, 281. 6 1/459.4
Paints, varnish, and lacquer, factory shipments:
Total shipments.mil. $__ 2,002. 2 2,169. 3
1,173. 4 1,246.7
Trade products,
do
922.6
Industrial
finishes
do
828.8
Sulfur, native (Frasch) and recovered:
7,304
Production
thous. lg. tons__
6,250
3,425
4,227
Stocks (producers'), end of period
do
.2
396.3
.2
387.1
.2
371.4
.2
396.8
.1
471.7
216.9
129.6
87.3
200.6
124.3
76.3
195.7
122.0
73.7
188. 0
112.6
75.4
178.1
99.7
78.4
167.9
90.5
77.4
146.8
73.4
73.4
164.6
85.3
79.3
165.2
84.6
80.6
' 207.3
• 116.0
'91.3
208.7
120.9
87.8
220.6
130. 5
90.1
611
4,002
627
3,881
3,825
531
3,670
645
3,710
621
3,611
3,425
670
3,346
611
3,281
673
3,213
664
3,128
708
3,021
15.6
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials
mil. lb__
169.6
161.3
Thermosetting resins:
Alkyd resins
do
585.6
593.6
Coumarone-indene and petroleum polymer
324.9
resins
mil. lb... 1 354.3
388.0
Polyester resins
do
1 316.6
919.9
Phenolic and other tar acid resins
do
1 832.5
595.8
1 570.3
Urea and melamine resins
do
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
mil. lb-_ 11,728.9 2,002. 5
Vinyl resins (resin content basis)
do
i 2,066.8 2,282.0
Polyethylene
do
2,613.4 3,047.4
15.8
11.8
12.6
15.6
21.4
14.0
13.5
13.1
14.5
17.0
15.9
54.5
47.7
51.6
51.8
49.1
43.6
45.0
47.7
48.8
59.0
55.9
55.2
25.4
35.5
72.9
48.2
28.7
32.1
66.9
40.0
26.6
32.1
76.1
46.3
27.4
31.6
84.3
55.8
28.3
30.3
86.1
60.0
26.5
34.3
82.9
58.4
27.1
36.7
84.8
62.2
25.0
35.7
80.6
52.6
25.7
36.3
80.1
52.7
28.0
40.5
87.8
56.3
29.2
38.5
'84.3
'53.0
31.7
38.8
78.5
53.9
168.9
181.4
256.4
150.4
169.9
254.3
168.2
185.9
262.3
179.2
197.5
264.7
171.7
206.6
278.8
172.0
203.2
267.6
180.7
218.7
282.2
179.0
215.7
279.9
177.4
214.7
260.1
191.5
221.6
291.1
• 197.6
221.4
274.6
208.6
225.1
295.0
'2 Revised.
1 Revised annual total; revisions are not distributed to the monthly data.
Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these
averaged 930,000gallons per month in 1964.
3 s e e n o t e " O " for p . S-21
cf Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SU.JtlVE5t OF CURRENT BlJS1JNJW8S
S-26
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1 1965
August 1966
1965
June
Annual
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
05,254
94,962
01, 899 96,667
Apr.
May
June
July
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. kw.-hr__
Electric utilities, total
_._do
By fuels
-----.
-do
By waterpower...._______
.
___do
,156,929
96,142 101, 631 103,858
983,990
806,917
177,073
,054,790
861,342
193,448
87, 761 93,102
72,023 77,178
15, 738 15,924
97,081
95,722
95, 240 88,877 86,985
79, 571 73,875 71,675
15,670 15, 002 15,310
76,062 77,925
17, 040 17,316
69,011 70,998
19, 866 15,987
95,299 102,182
86, 723 93,480 96,468
71,260 76,963 79,896
15,463 16,517 16,571
86,865 93,057
71, 577 74,890
15,288 18,167
16,117
75,699
17,781
77,844
18,624
70,172
16,692
8,576
8,323
252
8,702
8,438
263
8,786
8,520
266
8,097
7,835
262
78,551
81,969
70,606
00,559
88,079 91,630
71, 759 73,193
16,321 18,436
75,354 71,694 73,857
17, 703 16, 385 17,772
8,841
8,587 8,929
8,527 8,269 8,610
315
318
320
806,446 855,632
do
do_._. 177, 544 199,158
do..._ 99, 751 102,139
96, 523 98,988
do
3,228
3,151
do
71,916
15,845
do
890,356
953,441
78,238
84, 755 84,418
84,035
82,324
82,001
do
do.
183,539
409,356
202,128
433,342
17,571 18, 745 19,536 19,021
36, 641 35,851 37, 269 37,183
17,770
36,824
16, 603 16, 699 17, 005 16,988
36,707 37,043 36, 836 36,183
17,034
37,711
17,164
37,800
17, 482
38, 726
___--_do_.
do_
do
do
do.
4,721
262, 010
8,290
20, 651
1,789
4,653
353
353
357
23, 023 24,100 24,474
722
675
644
1,775
1,797 1,791
167
192
181
367
22,759
773
1,825
169
381
22,075
816
1,811
158
401
406
27, 589 27,976
866
797
1,923
1,944
135
125
410
26,024
776
1,928
151
382
24,001
727
2,111
138
362
22,433
689
2,144
166
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
By waterpower
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power§__
Large light and powerf
Railways and railroads
Residential or domestic. ____
Street and highway lighting.
Other public authorities
Interdepartmental
1,083,741
8,783
21,675
1,859
8,381
8,126
255
357
21,046
631
1,822
170
8,617
8,407
211
8,204
8,001
203
80, 576 83,922
83, 712
8,298
232
8,737
8,497
240
408
24,866
863
1,971
120
Revenue from sales to ultimate customers (Edison
Electric Institute)-.
.
mil. $_. 14,408.5 15,158.8 1,243. 2 1, 287. 0 1,325. 8 1,332.2 1,284.0 1,242.2 1,288. 4 1, 326.4 1,324.6 1,304.7 1,282.8 1, 27803
GAS
Manufactured and mixed gas:
Customers, end of period, total 9
Residential
Industrial and commercial
thous__
do.
do____
745
52
655
42
703
660
42
649
41
655
42
655
43
mil. therms.do.
do.
1,541
976
552
1,370
818
544
300
171
126
168
67
100
349
213
132
532
346
186
Revenue from sales to consumers, total 9-mil. $__
Residential
._
do.
Industrial and commercial
.__do
165.2
117.3
46.9
129.7
86.7
42.4
29.1
19.1
9.7
16.5
9.0
7.4
32.7
22.1
10.4
48.0
33.5
14.5
36, 298
33,350
2,908
37,130
34,101
2,987
36,308
33,396
2,872
36,290
33,414
37,130
34,101
2,987
37,282
34,215
3,077
114,340 117,900 27,805
37, 699 38, 764 8,529
71, 293 75,434 18,181
21,820
3,351
17,216
29,476
9,307
18,815
41,253
18,272
22,981
Revenue from sales to consumers, total 9 —mil. $._ 6, 960. 2 7,231. 7 1,676. 5
3, 772. 3 3,911.6 884.9
Residential
do
Industrial and commercial
.do
2,998.1 3,195.9 753.6
1,126.9
1,803.8
957.8
797.8
2,748.8
1,675.4
1,073.4
Sales to consumers, total9
Residential
Industrial and commercial
Natural gas:
Customers, end of period, total 9
Residential
Industrial and commercial
Sales to consumers, total 9
Residential
Industrial and commercial
.
thous._
do.
do.
mil. therms.
do__.
do__.
448.8
640.1
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
!
Production
_-._
mil. bbl__
Taxable withdrawals
...do
Stocks, end of period
___do
Distilled spirits (total):
Production
mil. tax gal__
Consumption, apparent, for beverage purposes
mil. wine gal._
Taxable withdrawals
mil. tax gal—
Stocks, end of period.
_do
Imports—.
mil. proof gal__
Whisky:
Production
mil. tax gal._
Taxable withdrawals
do
Stocks, end of period
do
Imports
mil. proof gal_.
Rectified spirits and wines, production, total
mil. proof gal. _
Whisky
_
_do____
Wines and distilling materials:
Effervescent wines:
Production..:
mil. wine gal__
Taxable withdrawals
do
Stocks, end of period
do
Imports-_
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks, end of period
do
Imports
do
Distilling materials produced at wineries.-.do
r
105. 90
98.64
9.99
162. 94
275. 86
133.17
862. 42
50.60
10.42
9.85
12.38
9.66
9.61
11.68
108. 21
100. 41
10.30
11.21
10.21
12. 50
185. 06
14.01
8.32
13.04
• 293. 49 24.07
11.95
138. 52
872. 90 870. 65
4.58
58.04
22.18
9.85
866. 20
3.41
21.76
10.65
865. 42
4.33
7.76
6.69
10.88
7.39
6.66
11.07
20.02
19.65
17.32
17.02
30.86
15.05
865.82
7.31
36.15
10.06
872. 90
6.73
19.15
9.40
877.94
3.34
20.59
10.58
881.60
3.83
13.16
10.47
832.11
6.53
12.92
6.58
835. 85
5.95
13.28
6.20
840.16
2.94
12.49
7.50
842. 55
3.31
7.71
7.60
10.83
15.84
19.11
24.02
11.84
865. 73
5.26
26.62
16.26
865. 31
6.31
10.31
8.73
11.83
9.82
8.54
12.34
10.14
9.06
12.62
19. 82
17.63
17.59
25.75
12.07
886. 20
5.14
23. 54
11.93
888.94
4.52
24.81
13.40
889.41
4.66
15.06
7.87
846.87
4.49
13.18
7.41
850. 07
4.00
12.71
8.15
851. 45
4.07
8.10
5.36
9. 49
6.38
.65
6.94
841.10
3.93
3.76
5.65
836. 60
3.00
9.36
6.62
836. 20
3.82
10.91
7.94
836. 22
4.68
11.85
11.12
833. 24
5.64
94.00
8.10
5.46
6.31
4.38
7.54
5.09
8.26
5.78
10.96
8.11
10.84
7.82
6.97
4.50
6.40
3.93
6.98
4.83
8.50
5.81
7.29
6.25
3.10
1.45
.66
.51
3.62
.10
.32
.31
3.60
.07
.52
.41
3.66
.52
.58
3. 54
.09
.59
.73
3.31
.20
.77
.91
3.14
.21
3.10
.22
.76
.40
3.40
.11
.79
.35
3.78
.11
4.14
.12
.10
.66
.50
4.34
.13
193. 28
164. 72
231.24
14.54
232. 26
167. 25
262. 28
14.91
2.53
13.59
157. 01
1.27
1.48
9.91
146.16
3.92
13.57
137.14
1.01
49. 80
15.33
171. 61
1.19
112. 90
15.85
266. 87
1.37
35.72
16.25
279.14
1.82
9.50
15.05
262.28
2.01
7.37
12.00
254. 72
2.58
12.42
239. 59
.95
2.59
17.62
225. 26
1.38
2.26
12.89
213.69
1.16
3.03
12.66
202.10
1.48
369.35
468. 58
468.58
3.42
3.42
17.60
128.60
200.11
66.74
29.91
4.50
2.82
4.46
2.31
112. 87
89. 44
832.18
40. 81
126.88
90.06
835. 85
51.10
92.24
65.60
5.82
5.35
2.66
1.19
Revised.
JMonthly revisions for 1964 appear on p. 43 of the June 1966 SURVEY; production data for
all periods shown here include Alaska and Hawaii.
8.13
8.03
10.30
7.81
7.50
11.28
8.49
11.58
1. Sil l . 33
4.99
1.3
§Data are not wholly comparable on a year to year basis because of changes from one
classification to another.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown iin the 1965
edition of B U S I N E S S STATISTICS
1964
1965
1965
June
Annual
S-27
July
Aug.
Sept.
Oct.
Nov. Dec,
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks cold storage, end of period
Price, wholesale, 92-score (N.Y.).
Cheese:
Production (factory), total
American, whole milk
mil. lb
do
1,441.5
66.5
.599
1,322.8
52.1
.610
' 133.5
207.9
.599
' 104.0
219.5
.602
'84.0
192.5
.620
'73.3
161.1
.627
'77.8
124.8
.636
'77.8
83.0
.641
'90.8
52.1
.646
'92.2
33.7
.601
'92.2
26.6
.627
'101.5
25.5
.643
'106.2
34.3
.632
' 116. 4
53.2
.641
114.8
'84.7
' . 666
mil. lb
1,726.5
1,157.4
1,743.2
1,155.3
' 184.1
' 131. 6
161.3
113.0
142.5
96.7
127.9
82.1
126.8
77.3
119.4
70.0
130.0
76.1
' 132.4
' 81.0
' 127.6
'78.3
' 158.7
'100.2
' 165.6
' 113.0
' 184.2
' 130. 5
194. 5
138.3
326.0
283.6
78.0
308.6
271.0
79.3
378.7
333.2
6.3
402.0
354.7
4.2
415.0
364. 3
4.2
386.6
340.6
5.3
351.9
310.5
6.4
335.3
297.2
9.3
308.6
271.0
11.4
301.1
262.9
11.4
277.6
238.3
7.2
270.7
230.4
11.1
296.9
252.9
7.8
324.0
276.4
5.9
' 363. 7
' 315.1
10.3
.434
.450
.439
.439
.441
.449
. 457
.470
.490
.492
.501
.524
.507
.500
.517
94.6
1,888.1
97.0
1.690.5
5.4
180.8
9.1
159.2
8.5
152.7
5.6
136.0
7.5
123. 0
9.0
110.1
10.5
119.5
9.5
117.0
9.2
119.4
9.2
148.9
9.3
166.0
11.2
195.0
11.0
195.4
6.9
185.3
5.9
134.8
7.9
199.0
9.1
224.9
8.5
235.6
7.3
228.2
7.5
200.6
7.5
166.4
5.9
134.8
5.2
103.2
5.4
61.9
6.6
40.2
5.8
73.6
8.5
128.3
8.4
205.8
62.8
37.3
i 65.3
124.7
3.5
2.0
4.4
2.7
6.9
2.4
2.6
2.3
5.5
2.5
3.0
1.8
10.0
2.7
8.7
2.1
2.0
2.2
9.7
3.1
4.7
3.4
9.1
4.4
8.6
2.5
_$perlb__
do
____do____
Stocks, cold storage, end of period .
do
American, whole milk
do
Imports
Price, wholesale, American, single daisies (Chicago)
$ T>er lb
Condensed and evaporated milk:
Production, case goods:
mil. lb
Condensed (sweetened)
c\n
Evaporated (unsweetened)
Stocks, manufacturers', case goods, end of period:
Condensed (sweetened)
mil. lb
do
Evaporated (unsweetened)
Exports:
do
Condensed (sweetened)
do
Evaporated (unsweetened)
Price, manufacturers' average selling:
$ per case..
Evaporated (unsweetened)
Fluid milk:
Production on farms
mil.lb
do
Utilization in mfd dairy products
Price, wholesale, U.S. average
$ per 100 lb__
Dry milk:
Production:
Dry whole milk
_ __
_
mil. lb
do
Nonfat dry milk (human food)
Stocks, manufacturers', end of period:
. do_ .
Dry whole milk
do
Nonfat dry milk (human food)
Exports:
do
Dry whole milk
do
Nonfat dry milk (human food)
Price, manufacturers' average selling, nonfat dry
milk (human food)__
$ per l b . .
5.99
6.09
6.07
6.07
6.08
6.11
6.13
6.11
6.12
6.14
6.33
6.46
6.55
6.63
6.64
127,000
62,883
4.16
125.061
60,577
4.24
11,742
6,354
3.87
10,856
5,554
4.03
10,046
4,800
4.20
9,404
4,055
4.43
9,446
3,866
4.56
9,106
3,722
4.64
9,556
4,070
4.62
9,865
4,362
4.54
9,254
4,215
4.55
10,645
5,035
4.54
10,874
5,289
4.45
11,707
5,860
4.34
11,397
6,152
'4.36
87.6
2,176.8
84.8
1,999.0
7.7
224.9
5.6
169.8
4.7
131.2
5.4
100.6
6.2
102.0
7.3
105.2
7.6
130.7
8.4
129. 8
7.3
124.0
6.8
144.8
8.2
170.5
7.5
193.0
8.9
192.5
7.0
108.8
5.0
58.2
7.8
154.2
7.6
136.4
6.8
109.8
6.0
74.0
4.9
65.4
4.3
59.2
5.0
58.2
5.0
59.6
6.2
53.8
5.9
47.5
6.7
78.1
9.2
110.0
8.7
139.3
12.3
838. 6
120.0
i 438.8
1.2
44.4
1.1
53. 0
3.1
63.3
1.1
69.2
1.8
64.6
1.8
21.5
1.2
14.0
1.2
16.9
1.7
6.4
2.0
16.2
1.0
28.8
2.2
9.5
.5
8.3
.146
.147
.145
.146
.147
.148
.148
.149
.150
.151
.152
.156
.169
.172
.174
Exports (barley, corn, oats rye, wheat) _. .mil. bu__ 1,385.8 U,385.6
127.3
127.5
120.3
124.3
134.8
144.2
131.7
112. 0
127.9
161.3
160.6
139.7
143.4
91.5
386.7
334.5
10,506
4.66
GRAIN AND GRAIN PRODUCTS
Barley:
Production (crop estimate)
Stocks (domestic) end of period
On farms
Off farms
Exports including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight
^n
do
do
do
do
2
4101.8
4
40. 7
4
61.1
9.3
5.2
5.0
400.7
257.2
143.5
6.8
8.5
8 3
311.5
195.2
116.3
5.1
4.2
6.3
' 199.4
105.4
' 94.0
4.5
7.9
7.3
108. 0
4
49.2
4
58.8
8.0
1.21
1.13
1.33
1.27
1.39
1.27
1.34
1.23
1. 28
1.26
1.27
1.25
1.31
1.28
1.38
1.36
1.34
1.33
1.37
1.35
1.40
1.38
1.36
1.35
1.32
1.29
1.33
1.30
1.30
1.27
1.39
1.27
16.8
18.5
17.3
17.9
17.4
15.8
16.0
15.2
18.0
17.0
16.8
18.2
s 4,221
16.9
48.9
51. 5
'2,900
2,160
'741
65.7
64.6
53.4
1,814
1,347
468
55.3
1. 29
1. 27
1.29
1.24
1.25
1.22
1.28
1.24
1.28
1.26
•1.32
1.25
do
Stocks (domestic), end of period, total mil. bu_.
On farms
do
Off farms
do
Exports, including meal and flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu
Weighted avg., 5 markets, all grades
do_ _
2 3, 584
193.6
2 4,171
204.9
17.1
3,956
2,818
1,137
481.6
4.099
3,142
956
1598.9
1,934
1,283
650
57.5
51.6
1.23
1.23
1.28
1.25
1.34
1. 28
1.33
1.26
Oats:
Production (crop estimate)
mil bu
Stocks (domestic), end of period, total _____do____
On farms
do
Off farms
do
2
rln
Exports, including oatmeal
Price, wholesale, No. 2, white (Chicago)
$ per bu__
Rice:
Production fcroD pstiTna-tp^
TTP^ "hacrc o
California mills:
Receipts, domestic, rough
...mil. lb__
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
mil. lh
of period
Southern States mills (Ark., La., Tenn.-> Tex.):
Receipts, rough, from producers
mil. lb__
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
Tnil lh
do
Exports...
Price, wholesale, Nato, No. 2 (N.O.)____$ per lb__
2
4
48.8
1,170
4
604
4
566
43.3
52.9
73.6
4,099
3,142
956
66.7
1.28
1.21
1.28
1. 23
1.19
1.19
1.14
1.14
1.21
1.19
4
2 959
783
680
103
4.6
i 24.3
.7
2.3
2.9
4.3
5.6
6.9
1.1
.3
.6
.8
3.4
5.2
3.9
.70
.74
.74
.72
.72
.71
.70
.72
.77
.78
.78
.77
.75
.74
.78
73 1
1, 523
1,025
2
4
4
944
806
139
283
220
4
63
4
783
680
103
4
461
87
1. 39
1.33
3 897
880
710
622
88
323
248
4
75
.77
3
76 9
1.491
1,033
82
45
98
79
76
65
28
59
46
173
37
112
77
133
85
121
137
80
49
126
105
95
59
76
97
117
61
185
207
70
87
72
122
180
207
158
162
143
146
80
111
5, 575
3 665
5,711
4,020
66
5 422
238
220
907
244
1,547
385
1,403
442
482
408
337
400
332
360
195
316
133
291
108
253
72
288
25
365
1, 670
2,933
.086
1,641
i 3.411
.083
374
247
.084
334
322
.084
709
97
.082
1,356
151
.082
1,859
245
.080
1,787
440
.082
1,641
292
.082
1,527
335
.082
1,350
207
.082
1,170
233
.083
1,002
205
.083
763
295
. 083
442
219
p . 083
36.0
1.15
1.17
Rye:
2
2 33 3
Production (CTOD
estimate)
™ii ^ "
33 3
4
12 9
Stocks (domestic1) end of Deriod
21 3
28 8
1.11
1.13
1.10
1.15
Price, wholesale, No. 2 (Minneapolis)_.$ per bu_.
1. 28
'Revised.
v Preliminary.
1 See note "4 O " for p. S-21. 2 Crop estimate for the
year.
3 August 1 estimate of 1966 crop.
Old crop dnly; new crop not reported until
beginning of new crop year (July for barley, oats, rye, and wheat; Oct. for corn).
381.2
2 411.9
311.5
195.2
116.3
i 65.9
_ $ per bu
Corn:
Production (crop estimate, grain onlyL.mil. bu__
Grindings, wet process. _ _
_
do
3
402.9
309.9
190 1
119.9
74.4
28.8
1.18
4
' 24.8
1.17
1.25
1.16
1.22
5
Beginning June 1965, data include shipments to Gov't. agencies.
§ Excludes pearl barley.
9 Bags of 100 lb.
1.13
1.14
81.1
3 26.0
18. 5
1.19
1.22
VEX OF (JUKI i E J N l 1 BUt1LJNE
S-28
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1966
1965
June
Annual
August 196t
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
May
Apr.
Mar.
Feb.
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS—Con.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
___:
Distribution
. . . . m i l . bu._
__do
do
do
2 1,240
2 257
11,291
1266
i 1,025
1,458
i 1,327
1303
i 1,024
1,438
328
436
1,449
390
1,060
1,339
408
931
3818
3 133
3 685
1,708
563
1,146
< 694.2
Exports, total, including
flour..
do
819.5
746.2
* 646.5
Wheat only
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_.
1.83
2.06
No. 2, hd. and dk. hd. winter (Kans. City).do
1.86
1.58
1.92
Weighted avg., 6 markets, all grades
do
1.70
Wheat flour:
Production:
Flour
thous. sacks (100 lb.)._ 265, 621 254, 584
Operations, percent of capacity
93.5
90.9
Offal
__thous. sh. tons__
4,941
4,693
Grindings of wheat
thous. bu_. 602, 209 575,874
Stocks held by mills, end of period
4,314
5,068
thous. sacks (100 lb.)__
Exports.._do
31, 475 4 20,464
Prices, wholesale:
Spring, standard patent (Minneapolis)
5.652
5.784
$ per 100 lb_.
Winter, hard, 95% patent (Kans. City)..do
5.390
5.464
59.7
56.1
68.2
64.9
63.6
58.3
69.4
64.2
67.2
60.6
55.2
51.0
58.8
54.3
58.5
56.3
69.5
67.9
90.4
87.7
83.6
77.7
72.8
67.0
1.81
1.46
1.61
1.86
1.50
1.64
1.79
1.59
1.70
1.84
1.61
1.76
1.84
1.63
1.72
1.88
1.65
1.76
1.87
1.64
1.75
1.86
1.66
1.75
1.89
1.65
1.77
1.87
1.64
1.74
1.84
1.65
1.72
1.87
1.74
1.78
23,500
97.1
433
53,168
80.9
346
42,328
23,307
101.8
431
50, 275 52,838
23,399 21,296
93.0
102.1
428
388
52, 816 48,105
21, 543
85.5
20,169 19, 621 23,013
89.6
90.7
87.7
357
416
368
45, 735 44,294 51,811
'374
46,585
20, 628
89.0
373
46,382
22,327
92.3
403
50,232
4,846
1,554
1,403
2,277
4,136
2,250
1,775
1,924
955
711
4,086
1,155
2,532
2,492
4,228
2,071
5.740
5.360
6.013
5.653
5.938
5.610
5.875
5.577
5.975
5.600
5.988
5.617
5.963
5.617
5.988
5.617
5.988
5.567
5.913
5.540
Stocks (domestic), end of period, total
On farms
Off farms
do
do
do
22,169
91.6
1,339
408
931
392
48,642
4,314
'421
383
'919
257
'662
3 536
3 131
3 405
76.1
71.4
• 5. 925 ' 6. 050 6.450
• 5. 567 5.800 P6.202
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. animals..
Cattle
do
Receipts at 26 public markets
__do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per 1001b-_
Steers, stocker and feeder (Kansas City)__do
Calves, vealers (Natl. Stockyards, Ill.)__do
Hogs:
Slaughter (federally inspected)__-thous. animals__
Receipts at 26 public markets
do
Prices:
Wholesale, average, all grades (Chicago)
$ per 100 l b Hog- corn price ratio (bu. of corn equal in value
to 100 lb. live hog)
Sheep and lambs:
Slaughter (federally inspected)., thous. animals.Receipts at 26 public markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
$ per 1001b..
459
2,232
l,110
513
370
2,103
932
466
318
2,249
961
448
325
2,397
1,148
373
28.96
27.62
36.00
27.73
26.74
35.00
26.54
26.31
33. 50
25.33
24.92
32.10
4,719
1,161
4,650 5,806
1,091 5 1,316
5,303
1,291
4,913
1,245
4,672
1,192
27.26
27.15
24.00
21.72
22.25
22.88
24.8
23.9
23.7
21.4
19.1
• 18. .7
19.3
910
271
161
907
254
107
785
206
80
972
279
172
970
315
168
1,040
335
109
25.88
27.88
28.25
1, 033
5 314
120
26.75
25. 75
27.12
24.25
4,820
25,133
14, 779
7,096
5,076
26,614
13,994
7,230
378
2,219
1,152
328
387
2,238
1,045
428
2,337
1,254
533
478
2,406
1,304
906
492
2,390
1,412
1,261
470
2,334
1,497
1,403
433
2,314
1,128
710
382
2,304
1,110
484
376
2,037
943
22.86
19.79
26.21
25.81
22.50
27.17
27.44
23.88
27.50
26.71
23.22
25.50
27.01
22.97
23.50
26.93
22.92
25.00
26.58
22.88
25.00
26.33
23.02
27,00
26.41
24.12
29.50
26.65
24.64
32.00
27. 55
26.38
37.50
71, 667
19,114
63, 708
15,386
4,717
1,260
4,430
1,090
4,750
1,166
5,475
1,228
5,421
1,231
5,503
1,357
5,010
1,263
14.89
20.98
22.26
23.09
23.88
22.49
23.19
24.07
26.85
20.2
18.7
21.6
23.7
1,032
384
392
943
359
187
13.2
18.1
18.1
18.9
5
12,947
4,436
2,547
11, 710
3,450
2,157
966
294
136
976
278
113
973
334
191
1,106
382
342
21.93
24.29
26.00
24.75
23.75
23.00
23.50
23.75
29, 676
28.336
2,268
2,194
2,283
2,459
2,462
2,465
2,348
2,143
2,500
2,349
2,363
2,432
442
37
93
399
45
400
48
102
411
56
104
453
55
93
484
50
487
42
92
509
35
101
528
43
94
585
32
107
572
31
'518
38
143
1,323
177
2
1,370
186
2
87
1,413
201
3
71
1,410
211
4
72
244
6
65
1,397
269
3
61
1,413
262
5
58
1,244
256
2
64
1,367
236
1,291
225
65
1,359
213
2
53
1,466
'219
3
103
.446
.450
.450
.435
.441
.449
.453
.460
.442
.424
46
10
53
10
47
12
46
12
47
10
41
11
49
20
51
'22
867
993
1,035
943
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in), inspected
slaughter
__mil. lb._
Stocks (excluding lard), cold storage, end of
period
mil. lb_.
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of period
do
Exports
do
Imports
__do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 lbs.) (New York)
$perlb._
Lamb and mutton:
Production, inspected slaughter
mil. lb_.
Stocks, cold storage, end of period
do.
702
665
484
<535
1,012
15, 653
328
57
841
15,995
269
624
13
718
1,330
182
2
54
.433
.462
576
12
45
10
Pork (including lard), production, inspected
slaughter
mil. lb.
13,399
894
11, 766
Pork (excluding lard):
Production, inspected slaughter..
do
10,445
9,330
Stocks, cold storage, end of perioddo
284
224
152
Exports
do
133
4
4 53
Imports—
do
210
22
262
Prices, wholesale:
Hams, smoked, composite
$ per lb
.458
.542
.531
Fresh loins, 8-12 lb. average (New York). do __
.443
.532
.587
Lard:
Production, inspected slaughter.
mil. l b .
144
2,153
1,772
Stocks, dry and cold storage, end of period..do.._
98
127
62
Exports
do__.
682
14
4 251
Price, wholesale, refined (Chicago)
$ per lb.
.136
.144
.153
r
Revised.
» Preliminary.
1
Crop estimate for the year.
2 August 1 estimate of the 1966 crop.
824
1,002
858
50
1,078
954
914
761
268
5
22
727
'214
6
26
.552
.562
p . 562
.604
656
176
3
21
135
4
21
795
126
4
23
802
128
6
23
817
141
6
21
751
152
4
30
711
158
2
26
701
186
4
27
878
217
4
31
804
272
3
29
.563
.571
.572
.564
.542
.557
.575
.576
.622
.585
.702
.616
.675
.643
.657
.625
.568
.537
.533
122
82
29
.161
122
69
13
.151
149
141
136
144
144
146
158
129
139
114
103
94
104
62
70
77
59
66
62
15
15
5
15
19
18
16
10
21
p . 140
.144
.163
.150
.156
.160
.165
.171
.158
3
Old crop only; new grain not reported until beginning of new crop year (July for wheat).
4
See note " O " for p. S-21. 5 Beginning March 1966, data are for receipts at 28 markets.
August 1966
su±cv El
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
UJNT
(
S-29
1966
1965
| 1965
Annual
BUS JJN.BJB
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Slaughter (commercial production)
mil. lb..
Stocks, cold storage (frozen), end of period, total
mil. lb_.
Turkeys
.. _ _ _ do
Price, in Georgia producing area, live broilers
$perlb_.
7,546
7,998
645
683
773
847
877
819
695
589
522
554
605
617
733
357
207
315
200
159
70
177
88
239
147
343
244
470
363
315
200
284
181
249
156
201
122
169
92
151
69
'160
r
70
204
103
.137
.145
.153
.151
.149
.137
.134
391
280
.141
.140
.155
.155
.165
.150
.160
.155
.155
178.9
179.4
15.0
15.0
14. 6
14.1
14.6
14.4
15.0
15.0
13.7
15.6
15.4
15.8
62
85
521
423
100
126
64
85
51
76
38
20
28
76
98
234
81
28
51
321
95
42
58
525
84
24
33
42
.331
.328
.294
.298
.341
.384
. 391
.410
.411
.375
.412
.423
.385
.319
268.4
.234
354.4
.172
37.7
.134
26.0
.118
36.2
.161
48.5
.171
32.4
.171
27.2
.184
25.2
.213
41.9
.239
57.7
.221
46.6
.233
29.2
.259
33.5
.244
4,470
22,374
3,143
21,680
2,612
5,330
22,823
7,212
21,290
5,742
1,831
457
1,206
278
1,556
411
1,812
551
2,666
802
2,549
736
2,254
846
1,829
488
2,013
545
2,382
529
1,965
597
1,818
570
1,680
560
.479
1,395
.451
' 1,432
.460
95
.455
76
.455
106
.445
163
.438
156
.438
146
.440
130
.440
120
.425
127
.420
130
.423
rill
.413
101
.410
.408
215
230
166
192
210
228
231
232
230
210
175
162
162
164
'178
208
198
973
3,198
'2,700
2,823
2,133
1,598
1,098
973
1,000
1,570
2,480
2,990
2,675
2,300
1,642
4,408
5,505
1,903
4,152
5,796
1,966
83
253
239
65
401
198
98
317
191
120
355
141
612
316
114
961
150
85
932
83
39
481
1,831
132
221
294
196
194
331
203
134
231
235
89
258
260
407
198
9,706
9,671
2,700
10,151
10,020
2,648
883
876
2,170
957
1,006
996
1,658
1,023
1,007
1,291
826
815
1,552
786
777
2,166
874
862
2,648
682
673
2,738
750
837
950
1,928
777
2,600
817
2,519
4,222
i 2,359
71
290
166
121
106
137
321
76
62
1,765
155
123
75
3,506
1,171
84
3,783
1,055
82
368
72
4
188
69
6
362
156
2
412
137
10
444
71
7
350
85
2
430
108
8
159
260
106
1
313
149
4
303
117
253
46
2
344
101
4
. 069
.068
.068
.067
.068
.068
.069
.068
.067
.068
.069
.068
.069
.069
.069
.657
.100
.595
.095
.595
. 095
.592
.095
.591
.095
.594
.095
.596
• .096
.604
.096
.606
.096
.605
.096
.611
.098
.615
.098
.616
.095
.617
.095
p .095
...thous. lb_. 133,592
130,358
11,028
6,372
9,173
14,543
9,123
13,724
12,504
10,447
9,352
14,677
13,778
11,948
10,649
219.9
204.2
240.2
274.6
281.6
270.4
255.4
266.2
266.3
265. 2
242.6
262.1
272.8
122.9
106.4
103.2
97.6
105.7
113.1
116.6
114.2
118.8
118.4
132.0
123.1
139.1
270.6
229.4
226.4
218.4
213.5
231.3
257.7
254.5
238.1
271.8
233.9
' 253.0
270.5
149.0
125.7
85.5
65.9
62.2
80.3
85.9
98.9
87.9
79.0
96.2
104.8
99.1
' 164.3
160.3
Eggs:
Production on farms
mil. cases O
Stocks, cold storage, end of period:
Shell
_
- -thous. easesO _
Frozen. . _
. mil. lb _
Price, wholesale, extras, large (delivered; Chicago)
$perdoz._
14.8
r
107
55
88
63
14.0
.248
.274
r
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
thous. lg. tons
Price, wholesale, Accra (New York)
$ per lb._
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
.-thous. bagscf .
Roastings (green weight)
do
Imports, total
- -- do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$perlb._
Confectionery, manufacturers' sales
mil. $..
Fish:
Stocks, cold storage, end of period
mil. lb__
Cuban stocks, raw, end of period
thous. Spanish tons..
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
_thous. sh. tons.
Entries from off-shore, total 9
do _ Hawaii and Puerto Rico
do
Deliveries, total 9 ._
do
For domestic consumption
do
Stocks, raw and ref., end of period .. do
Exports, raw and refined
sh. tons..
Raw sugar, total 9
From the Philippines
Refined sugar, total
thous. sh. tons.
do
do _
Prices (New York):
Raw, wholesale
...$ per lb__
Retail (incl. N.E. New Jersey)..$ per 5 lb._
Wholesale (excl. excise tax)
__$ per lb._
Tea, imports
Baking or frying fats (incl. shortening):
Production
mil. lb._ 2,664.1 2,792. 5
Stocks (producers' and warehouse), end of period
116.6
mil.lb.. 121.1
Salad or cooking oils:
Production
_
.. __do
2,846.1 2,773.1
Stocks (producers' and warehouse), end of period
85.9
118.8
mil. lb-_
Margarine:
1,857.4 1,904.4
Production
_ . _ ... do
Stocks (producers' and warehouse), end of period
41.6
48.0
mil. lb..
Price, wholesale (colored; mfr. to wholesaler or
.261
large retailer; delivered)
$ per lb. _ .241
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
530.1
Production (quantitiesrendered)
mil. lb__ 553.2
434.5
Consumption in end products
do
464.0
Stocks (factory and warehouse), end of period
31.1
41.7
mil. lb__
Tallow and grease (except wool), inedible:
Production (quantities rendered)
__ do_ ._ 4,565. 7 4,302.5
Consumption in end products
do _ . 2,301.4 2,158. 0
Stocks (factory and warehouse), end of period
mil. lb__ 366.4
418. 5
Fish and marine mammal oils:
Production
do
180.2
190.2
80.9
79.8
Consumption in end products
do
Stocks (factory and warehouse), end of period
139.9
185.3
mil. lb__
' Revised.
v Preliminary.
» See note " O " for p. S-21.
O Cases of 30 dozen.
d* Bags of 132.276 lb.
2
3,143
5,837
2,667
5,112
'3,189
'5,571
o
38
783
831
3 483
5 144
739
825
2,514 '2,300
P2
012
.617
145.1
142.9
148.6
164.9
161.6
168.7
175.4
185.5
172.7
188.5
163.6
47.0
48.5
44.5
41.9
47.2
45.3
41.6
44.0
48.4
58.5
56.0
'56.4
57.5
.261
.261
.261
.261
.261
.261
.261
p . 261
48.9
36.5
44.6
29.6
47.7
35.4
47.6
44.7
45.4
36.5
40.0
34.6
49.3
42.9
45.2
43.6
.263
.263
.261
.261
.261
39.6
34.8
40.6
30.4
43.1
39.7
45.5
47.5
45.1
45.3
29.8
27.6
23.9
21.5
22.6
26.0
31.1
36.8
36.6
40.8
41.0
'49.6
52.4
352. 2
181.6
325.1
149.5
343.9
195.0
368.7
187.7
355.8
184.5
364. 7
190.1
376.4
179.2
366.7
196.7
346.1
190.5
370.6
208. 2
338.5
188.3
'366. 0
'208.2
378.2
225 A
353.5
354.5
320.4
351.3
368.3
391. 5
418.5
435.2
446.5
410.2
414.0
'357.4
353.9
40.1
6.8
40.6
6.4
37.7
7.6
17.8
7.1
9.1
6.8
8.2
7.5
3.C
7.3
.5
5.4
.3
7.0
.5
7.0
5.4
6.6
18.9
'7.3
34.3
7.5
204.4
148.1
166.1
Less than 500 short tons.
.070
192.1
201.4
137.2
177.5
185.3
168.1
137.4
135.5
138.6
158.8
§ Monthly data reflect cumulative revisions for prior periods.
9 Includes data not
shown separately; see also note " § " .
A For data on lard, see p. S-28.
SUEVEY OF CUEEENT BUSINESS
S-30
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
June
Annual
August 1966
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS-Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
mil. lb_.
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of period
mil. lb_.
Impqrts
do
Corn oil:
Production:
Crude
do
Refined
-_—
do
Consumption in end products.
do
Stocks, crude and refined (factory and warehouse), end of period
mil. lb_.
Cottonseed cake and meal:
Production
thous. sh. tons..
Stocks (at oil mills), end of period
do
Cottonseed oil:
Production:
Crude
mil. lb_.
Refined.
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of period__
mil. lb._
Exports (crude and refined)
do
Price, wholesale (drums; N.Y.)
__$ per lb__
Linseed oil:
Production, crude (raw)
mil. lb__
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of period
mil. lb._
Price, wholesale (Minneapolis)
_._$ per lb_.
327.6
506.0
765. 4
365.4
488.1
723.5
23.5
42.1
63.2
24.9
25.6
44.5
30.6
41.4
63.2
19.7
35.6
59.6
28.7
42.3
60.8
38.2
39.9
57.1
36.8
38.5
60.3
27.6
47.8
65.6
21.2
43.7
59.1
24.7
52.5
70.7
154.0
397.1
154.4
383.6
156.0
22.7
137.8
0
123.5
7.1
114.9
24.8
106.8
34.4
127.0
18.7
154.4
11.1
131.7
109.5
146.3
43.7
176.5
87.2
413.9
393.1
412. 2
446.1
412.8
421.5
38.2
31.8
34.1
36.4
31.1
35.8
38.8
37.9
35.3
40.7
34.8
36.6
40.1
39.0
38.5
36.5
37.3
37.6
36.0
35.3
35.4
30.3
30.0
34.3
31.2
32.2
40.1
26.1
39.6
39.3
38.5
35.4
32.0
28.6
26.1
30.3
2, 705. 7 2, 755. 5
80.9
126.8
126.1
207.6
168.5
71.9
110.8
191.0
77.7
297.9
91.0
338.4
96.1
332.8
80.9
1,932.8 1,974. 2
1, 600. 0 1,668. 8
1,410. 0 1, 471. 7
93.0
98.9
121. 5
72.6
92.1
105. 8
50.0
80.3
113.0
132.7
95.3
133.4
212.1
149.0
145.9
236.5
176.5
130.1
506.3
603.5
.141
300.1
501.3
i .149
492.5
50.3
.138
420.6
41.5
.137
292.5
54.6
.135
236.2
30.6
.135
243.6
18.1
443.6
377.2
410.1
239.4
31.3
23.4
15.7
21.5
37.2
21.0
48.7
20.4
185.5
.134
213.5
.134
198.2
.137
184.6
.134
180.7
.133
11,179.1
74.6
856.2
205.3
846.4
163.7
5,235. 5
4, 547.3
4,423.3
406.0
390.9
397.5
374.8
1,026. 7
.134
Soybean cake and meal:
Production
thous. sh. tons.. 10, 635. 2
102.6
Stocks (at oil mills), end of period
do
Soybean oil:
Production:
Crude
_
mil. lb__ 4,943.8
4, 591. 8
Refined
_.__.do
4,423. 6
Consumption in end products
_do
Stocks, crude and refined (factory and warehouse), end of period
mil. lb__ 544.2
1,273.2
Exports (crude and refined)
___do
.123
Price, wholesale (refined; N.Y.)
$ per lb__
TOBACCO
Leaf:
Production (crop estimate)
mil. lb._
Stocks. dealers' and manufacturers' end of periodt
mil. lb_.
Exports, incl. scrap and stems___
thous. Reimports, incl. scrap and s t e m s . . .
do
Manufactured:
Production (smoking, chewing, snuff)
_do
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millions. _
Taxable...,
..
do
Cigars (large), taxable
do____
Manufactured tobacco, taxable._-___thous. lb__
Exports, cigarettes
millions_.
2 2,228
2
32.4
'52.1
"70.2
36.3
51.3
74.6
155.1
10.4
143.8
31.3
150.7
50.3
40.5
34.7
31.7
38.0
28.8
25.4
"37.1
32.7
"30.3
40.0
33.9
29.6
29.6
34.8
40.2
'52.5
60.4
334.4
305.4
115.0
287.6
156.7
197.4
189.6
• 157.3
212. 5
110.2
169. 0
230.9
193.5
130.0
232.6
181. 4
131.0
214. 7
166.4
125.4
202.4
204.2
132.0
139.2
147.6
112.1
r
113.4
130.8
104.7
81. .6
106.3
108.9
281.1
37.9
.155
300.1
48.8
.153
335.6
49.8
.164
366. 3
30.0
.168
396.0
37.7
.171
408.9
10.8
.178
' 391. 9
11.8
-".185
343. 7
17.0
p. 192
45.9
18.8
33.5
17.1
40.9
16.3
37.5
17.3
38.1
16.8
43.1
21.3
36.4
20.0
"40.9
'22.0
45.2
22.5
184.7
.128
188.2
.128
.128
213.5
.127
216.9
.128
225.6
.128
225.9
.128
856.5
133.9
697.2
74.2
999.7 1,125.6 1,135.2
104.3
74.6
97.2
1,163.8
105.0
403.2
340.2
362.6
408.2
375.8
373.8
329.5
357.6
385.3
474.8
353.2
366.2
510.1
423.2
399.9
519.8
445.2
429.1
533. 2
468.6
453. 5
478.4
416.5
415.8
526.3
476.4
466. 5
476.6
418.0
409. 5
• 537.8
450.9
' 431.9
480.8
430. 2
452.3
522.1
78.2
.121
499.0
61.0
.121
423.0
99.3
.132
297.4
89.9
.138
373.0
28.5
.132
401.1
36.6
.137
374.8
168.7
.132
414.8
44.6
.142
444.2
42.1
.144
485.9
45.6
.136
521.9
33.2
.139
'582.3
47.2
.138
589.3
64.6
p. 132
31.970
15,245
29,525
14,495
5,482
39, 285
13,523
23,191 23,134
16, 413 13,838
5,104
28,350
15,107
4,088
39,348
571
3,524
42,985
525
4, 577
47, 053
630
4,040
39, 582
571
3,954
45,221
1, 515
2,019
2,190
2,414
1,926
1,663
1,042.7 1,142.8
113. 7
121.6
()
46.0
61.5
237.7 • 260.1
. 128
.128
241.1
p. 128
1,010.1 '1,157.1 1,040.1
115.4
152.1
152. 5
1,855
5,664
514, 514
179, 651
5,582
468,075
243,347
5,231
36,116
16,687
36,137
14, 210
32, 554
16,181
5,323
50, 425
15,382
44, 051
13,061
71,273
14,937
5,582
62,288
11,527
180,082
166,617
15,141
12,112
15,032
14,847
14,956
13, 666
11,799
42,643
497,446
8,106
175, 808
25,144
45,046
511,463
7,577
160,624
23,052
3,846
47,063
659
14, 906
2,109
3,672
39,727
607
12, 636
1,831
4,907
46,647
697
14,553
1,984
4,021
44,084
658
14, 024
1,948
3,747
41,771
670
14,505
1,920
3,694
43,446
696
12, 651
1,701
4,053
37,720
445
9,958
2,290
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9thous. $ „
Calf and kip skins
thous. skins_.
Cattle hides
thous. hides__
Imports:
Value, total 9
thous. $__
Sheep and lamb skins
_thous. pieces._
Goat and kid skins
__
do
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9^/15 lb
$ per lb_.
Hides, steer, heavy, native, over 53 lb
do
92, 693
2,391
11, 504
106,253
2,458
13,311
10, 023
218
1,219
9,720
186
1,147
8,131
190
7,737
190
841
10, 513
161
1,339
9,655
253
1,036
12,703
311
1,277
15,623
330
1,320
11, 797
183
927
14,386
157
1,278
16, 512
199
1,351
81, 879
30, 455
12, 882
80,263
31,850
14,411
6,298
1,825
1,430
7,664
3,763
820
5,545
1,999
1,282
6,772
2,607
1,225
6,083
2,271
966
4,968
1,382
5,751
1,732
1,391
11,052
5,548
1,142
9,500
4,541
856
8,724
3,741
8,602
3, 526
765
.414
.106
.541
.143
.525
.134
.525
.156
.550
.194
.550
.174
.575
.166
.575
.159
.625
.164
.775
.174
.675
.184
.675
.209
p . 650
p . 209
464
1,958
1,066
2,600
2,038
1,296
2,511
542
2,071
1,434
2,756
528
2,065
1,523
330
2,044
1,257
2,625
375
2, 026
1,273
2,720
5,420
7,169
7, 023
6,818
5,741
5,875
5,659
.750
.750
.900
s'.865
p. 845
LEATHER
Production:
496
574
397
6,263
6,535
Calf and whole kip_
thous. skins._
1,982
1,569
1,987
Cattle hide and side kip
thous. hides and kips__ 22, 834 23,436
973
1,071
1,317
14, 557
Goat and kid
thous. skins-_ 12,874
2,763
1,922
2,647
30, 316
31, 548
Sheep and lamb
do
Exports:
Glove and garment leather
thous. sq. ft._ 46, 496 [4 69,953 5,207
5,627
4,836
Upper and lining leather
do
42, 582
Prices, wholesale:
.790
.710
.710
.725
Sole, bends, light, f.o.b. tannery
$ per lb__
.662
Upper, chrome calf, B and C grades, f.o.b. tan1.238
1.248
1.244
1.238
nery
$ per sq. ft_.
1.200
d
' Revised.
v Preliminary,
Data withheld to avoid disclosure of operations of
individual
firms.
1
Average
for
11
months.
2
3
Crop estimate for the year.
Aug. 1 estimate of 1966 crop.
.765
.735
1. 333
1.348 p 1.353
1.271
4
Effective Jan. 1965. data are for all leather, except sole and rough; see note " O " for p. S-21 •
5
Beginning May 1966, not strictly comparable with earlier data because of change
of reporters.
{Revisions for 2d qtr. 1963-4th qtr. 1964 (mil. lb.): 4,692; 4,791; 5,287; 5,355; 4,961; 5,069; 5,664.
9 Includes data for items not shown separately.
1.230
1.247
1.253
SURVEY OF CURRENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are s^own in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
S-31
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers: J
Production, total.
thous. pairs.
Shoes, sandals, and play shoes, except athletic
thous. pairs.
Slippers
do
Athletic..
_____<_ do__.
Other footwear
.do
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
1957-59=100—
Women's oxfords, elk side upper, Goodyear
welt
1957-59=100Women's pumps, low-medium quality.__do
612, 789 630,012
51,145
46, 268 57,105
53,859
51, 760 50, 270 52,673
516,124 535,311
79, 267 85,938
6,712
7,116
2,351
10, 282
43, 084 39, 782 48,184
7, 241 5,974
8,185
587
353
549
233
159
187
44,358
8,714
571
216
41, 795 40,969
9,224 8,566
503
544
238
191
1,912
i 2,533
115
191
105.9
111.0
109.6
109.6
106.5
111.0
107.3
113.0
106.5
111.2
106.5
112. 8
237
285
110.1
110.1
116.5
116.5
106.5
112.4
106.5
109.7
117.3
109.7
116.6
231
112.4
255
52,514 •53, 015 61,281
45,440 46,254 45,943 52,105
6, 554 5,494 ' r6,318 8,359
589
605
506
558
212
173
208
'165
221
186
167
274
260
283
272
116.5
116.5
116.5
116.5
119.2
122.3
122.3
109.7
117.0
109.7
118.3
109.7
119.3
109.7
119.3
111. 4
121. 2
111. 4
121.3
111. 4
121. 2
2,909
LUMBER AND PRODUCTS
LUMBER—ALL TYPES
National Forest Products Association:^
Production, total..._•___
mil. bd. ft_.
Hardwoods
__
_do
Softwoods
do
35,408
5,891
29,517
36,158
6,129
30,029
3, 111
539
2,572
2,969
518
2,451
3,262
552
2,710
3,349
507
2,842
3,128
539
2,589
2, 970
539
2,431
2,927
504
2,423
2,691
476
2,215
553
2,356
3,410
652
2,758
3,211
660
2,551
3,242
625
2,617
3,265
664
2,601
do_.
...do..
..do..
35,587
6,290
29, 297
36, 680
6,465
30,215
3,229
539
2,690
3,193
515
2,678
3,316
548
2,768
537
2, 671
3,163
568
2,595
2,888
550
2, 338
2,912
496
2,416
2,860
507
2,353
3,040
675
2,365
3, 472
685
2,787
3, 462
689
2,773
3,395
684
2,711
3,159
670
2,489
Stocks (gross), mill, end of period, total._—do_.
Hardwoods
do_.
Softwoods
do_.
6,434
1,536
4,898
5, 728
1,151
4,577
5,864
1,224
4,640
5,645
1,226
4,419
5,566
1,229
4,337
5,698
1,196
4,502
5,676
1,161
4,515
5,733
1,147
4,586
5,728
1,151
4, 577
5,618
1,120
4,498
6,526
1,061
4,465
5,492
1,061
4,431
5,323
1,055
4,268
5,150
1,000
4,150
5,263
1,014
4,249
957
5,240
1962
5,163
70
532
500
85
513
77
449
87
429
67
412
131
444
70
345
77
415
74
514
99
462
98
518
550
8,916
607
620
814
624
838
673
719
550
848
620
723
738
728
1,038
923
817
906
606
652
614
9,256
9,277
1,079
804
872
1,104
712
788
1,021
832
823
1,007
739
518
772
771
1,043
752
523
8,967
8,845
1,075
773
654
788
792
777
747
1,073
758
752
1,079
732
840
1,063
751
701
1,113
843
843
1,113
782
835
1, 084
794
860
1,027
750
726
1,056
1445
28
7
21
38
15
23
34
9
25
40
12
29
87
6
80
31
10
21
27
11
15
32
9
23
46
11
35
49
12
37
29
83.46
Shipments, total
Hardwoods
Softwoods
Exports, total sawmill products
Imports, total sawmill products
SOFTWOOD
Douglas fir:
Orders, new
Orders, unfilled, end of period
Production
_
Shipments
Stocks (gross), mill, end of period.
_do_.
do_.
mil. bd. ft..
do
do_.
do..
do_.
Exports, total sawmill products.
do
Sawed timber
do.
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
S p e r M b d . ft..
Flooring, C and better, F. G., 1" x 4", R. L.
$ p e r M b d . ft_.
Southern pine:
Orders, new
mil. bd. ft..
Orders, unfilled, end of period
do.__.
136
233
1334
81.14
82.16
80.01
80.84
153.07
156. 85
157.10
157.10
6,346
281
6,346
6,321
6,864
366
579
374
615
Production...
do
6,504
Shipments
_do
6,779
Stocks (gross), mill and concentration yards, end
1,087
of period
mil. bd. ft_.
1,362
Exports, total sawmill products
M bd. ft.. 102, 684 1100,581
Sawed timber
do___. 11,709
Boards, planks, scantlings, etc......
do
90,975
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
94.3
1957-59=100..
92.7
Flooring, B and better, F. G., 1" x 4", S. L.
97.1
1957-59=100..
95.3
Western pine:
Orders, new
mil. bd. ft.. 10, 565 11,057
535
Orders, unfilled, end of period
do
463
540
585
605
387
562
592
1,233
9,126
1,203
8,136
82.27
82.14
82.25
83.56
83.69
88.16
' 92.64
93.04 P89.77
155. 79 155. 79 155.79
156.43
156.44
157.63
158.64
161.61
166.84
166.84 P167. 45
591
373
572
367
534
349
542
366
564
418
508
420
761
503
578
469
533
415
585
400
543
614
582
541
552
545
525
504
512
507
506
625
678
568
612
578
587
622
600
1,132
8,762
1,108
6,212
548
578
1,078
1,067
9,466
1,087
7,451
1,079
10,106
1,080
7,885
1,027
11,244
6,927
974
10,078
996
8,991
92.5
95.0
96.0
98.0
98.7
101.2
102.2
' 106. 0
107. 5
107.3
96.3
97.3
98.2
99.1
100.1
100.8
102. 5
102.7
107.9
107.9
107.4
774
456
995
535
940
627
875
596
1,096
730
820
535
867
506
839
815
982
960
968
1,480
942
896
1,526
82.40 p 79. 03
83.34
947
532
1,064
590
1,025
526
935
507
943
491
10,579
10,449
1,809
10,875
10,951
1, 732
921
1,641
917
1,005
1,553
1,068
1,055
1,566
1,124
954
1,736
959
1,746
809
1,776
872
916
1, 732
708
769
1, 671
1, 579
907
962
1,599
973
682
910
1,021
1,488
65. 49
67.42
68.28
66.65
66.34
67.53
67.07
65.55
63.91
63.45
65.83
68.19
71. 46
mil. bd. ft_.
do_._.
...do....
—do..
do___.
31.9
10.1
28.5
31.2
4.0
31.2
11.1
29.0
30.2
3.1
3.1
11.8
2.9
3.2
4.4
3.4
11.9
2.4
3.0
3.8
1.9
11.4
2.2
2.9
3.1
2.6
11.4
2.6
2.7
3.0
2.6
11.1
2.3
2.5
3.1
2.9
11.8
2.0
2.1
2.8
2.0
11.1
2.6
2.4
3.1
3.0
12.0
2.3
2.2
3.1
2.6
13.1
2.1
1.7
3.4
3.2
14.1
2.3
2.4
3.5
3.9
15.8
1.9
2.3
3.0
2.3
16.0
2.0.
2.4
2.8
2.8
16.4
2.2
2.4
2.5
do
do_...
do
do
do
819. 6
35.6
842.2
824.2
54.5
818.4
64.3
778.7
783.3
35. 4
69.5
56 2
65! 1
70.0
46.7
73.2
62.2
63.5
67.2
42.9
83.3
70.0
68.9
72.5
37.7
71.6
70.2
70.7
71.4
37.0
64.0
69.2
64.6
66.4
34.9
62.0
69.8
63.9
61.4
35.8
64.2
64.3
65.9
65.0
35.4
78.0
80.5
61.4
61.7
35.0
60.7
85.3
57.0
56.0
34.4
77.2
91.6
65.5
66.1
31.7
59.0
89.3
60.6
63.5
30.5
51.0
78.7
62.1
60.7
30.7
50.2
62.0
66.0
65.9
29.0
Production
do
Shipments
do
Stocks (gross), mill, end of period.
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd. ft_.
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new.____
...
1
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
Oak:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
r
1
Revised.
p Preliminary.
See note " O " for p . S-21
t Revisions for Jan.-Oct. 1964 are shown in Bu. of the Census report M31A(64)-13.
d1 Formerly National Lumber Manufacturers Association.
July
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
August 1966
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons__
Scrap
do
Pig iron
do
3,435
7,881
176
i 2,496
i 6,170
177
472
1
188
711
1
195
561
2
.,440
299
751
10,383
235
916
1,192
28
80
1,094
17
67
1,061
22
84, 093
52,262
31,831
84,626
7,413
90, 534
55, 214
35,320
90,360
7,638
8,083
4,863
3,220
8,021
7,066
7,569
4,728
2,840
7,582
7,051
32.77
34.70
33.36
35.00
33.88
35.00
33.84
35. 00
Iron ore (operations in all U.S. districts):
Mine production..
-thous. lg. tons._ 84, 836
3 85,184
Shipments from mines
do
42,417
Imports
do
87,420
85,801
45,105
Imports:
Steel mill products
Scrap
Pig iron
do
do
do
274
417
6
'174
347
1
158
419
159
342
2
143
440
1
126
429
2
142
607
'672
24
106
668
21
538
15
62
776
91
32
'715
146
919
17
137
1,014
19
104
31.25
33.00
32.36
33.50
32.89
36.00
33.32 ' 30. 02
33.50
36.50
28.71
32.75
28.41
30.50
4,164
2,643
3,123
4,712
1,882
1,898
4,497
1,751
1,489
5,038
2, 057
2,219
6,958
3,432
9,992
11,655
3,502
5,154
3,232
5,266
3,069
8,699
9,499
9,595
396
437
275
68,781 65,170 61,466
12, 290 15,120 17, 866
53,997 47, 562 41,295
2,488
2,305
2,494
3,976
11,127
408
56,881
20,847
34,144
1,890
8,841
10,897
593
54, 613
20, 781
32,088
1,744
204
550
2
254
334
1
15
114
892
18
101
7,608
4,731
2,877
7,515
7,184
7,034
4,434
2,600
7,009
7,213
6,957
4,199
2,758
6,741
7,432
6,566
3,835
2,732
7, 502
7,109
4,153
2,956
7,001
7,638
32.73
35.00
30.67
31.00
29.30
32.00
29.58
31.50
10,102
11,333
5,106
10, 508 10,851 10,282
12,481 11, 699 10,366
3,894
5,128
4,505
9,955
4,093
4,543
6,294
4,131
118,325 121,964
122,197 125,143
6,963 17,085
68, 781
71,677
10, 752 12,290
53,997
57,184
2,494
3,741
15,256
11, 083
950
55,900
15,392
38,914
1,594
15,929
11,133
1,037
58, 931
13,420
43,710
1,801
15,367
10,897
1,033
62, 675
12,572
48,181
1,922
13, 224
9,764
544
66,357
12,486
51,641
2, 230
12,929
8,976
778
69,466
11,424
55,594
2,448
10,050
8,213
331
70,718
10,732
57,430
2,556
1,032
1,272
109
74
115
105
125
85,601
88,173
88,945
7,849
7,864
7,780
7,836
7,661
7,762
6,690
6,794
6,310
6,378
5,880
5,930
2,461
2,329
2,508
2,505
2,416
2,446
2,460
2,450
2,329
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
855
14,316
8,129
15,713
9,173
917
1,454
925
1,282
771
892
1,302
815
881
1,322
777
876
1,273
732
122
1,001
589
174
1,136
648
144
105
60
165
81
44
171
81
50
176
90
54
11, 551 11,324
137.3
140.0
134
105
218
509
1
Iron and Steel Scrap
Scrap for consumption, total
thous. sh. tons_Home scrap produced
;__
do
Purchased scrap received (net)
do
Consumption, total
do
Stocks, consumers', end of period
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets).
$ perlg. ton__
Pittsburgh districts...
do____
Ore
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do
Stocks, total, end of period
do
At mines
do
At furnace yards
do
At U.S. docks
do
Manganese (inn. content), general imports
do
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons__
Consumption
-.do
Stocks (consumers' and suppliers'), end of period
thous. sh. tons__
Prices:
Composite
$ per lg. ton__
Basic (furnace)
do
Foundry, No. 2, Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons__
Shipments, total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous. sh.tons__
Shipments, total
do
For sale
do
15, 421 15,370
11,658 10,941
1,048
56,673
19,118
35,852 40,278
1,703
1,791
109
132
7,853
8,241
7,837
62.75
63.00
63.50
62.75
63.00
63.50
62.75
62.75
63.00
63.00
63. 50 P63.50
977
1,229
671
975
1,469
825
1,004
1,378
'801
942
1,389
792
176
98
56
174
97
55
187
112
67
'194
'97
'57
187
97
9,627
116.7
10,577
128.2
10, 249
137. 5
12,083
146.5
428
157
128
175
145
443
175
145
452
168
137
525
209
173
'582
'184
'152
628
192
160
573
178
139
580
187
145
589
190
148
6,237
265
523
833
6,200
323
512
777
111
6,061
313
529
698
143
6,602
335
536
675
146
6,734
301
490
684
140
8,282
349
609
838
165
8,174
324
600
819
155
8,221
334
596
822
152
8,033
318
582
815
158
1,083
644
291
139
588
248
275
2,733
797
1,178
1,036
626
264
137
566
228
360
2,327
662
985
972
592
237
132
534
226
631
2,116
600
964
587
233
134
592
240
302
2,280
656
997
1,013
649
207
147
604
256
382
2,655
751
1,243
1,041
681
208
143
712
239
390
2,737
790
1,263
1,284
818
281
173
887
318
527
3,305
948
1,513
1,279
797
297
175
874
327
535
3,260
919
1,494
1,321
830
301
179
886
344
559
3,207
894
1,455
1,324
820
313
180
900
334
582
3,021
842
1,307
17.0
5.2
5.4
4.6
15.6
4.2
5.6
4.6
14.3
4.4
5.7
4.5
12.9
4.4
5.8
4.5
12.0
4.9
5.8
4.9
11.3
4.9
5.6
4.7
10.9
5.9
6.3
4.7
10.8
5.9
6.0
4.7
'10.9
'5.9
'5.8
5.0
P5.8
P5.0
154
117
92
76
6,327
6,502
6,910
6,834
7,937
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
842
1,178
882
1,255
916
1,227
172
95
54
174
93
52
174
101
9,949
124.6
9,296
112.7
8,822
110.5
152
120
393
171
138
404
160
128
544
152
114
568
154
114
172
134
379
590
833
101
8,634
403
606
856
101
333
516
827
96
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
thous. sh. tons__ 127, 076 3131, 462 11, 593
135.3
145.2
130.5
Index
. . . daily average 1957-59=100_ Steel castings:
Orders, unfilled, for sale, end of period
357
337
thous. sh. tons__
1,962
178
1,835
Shipments, total
do_
1,569
143
1,471
For sale, total
do_
Steel forgings (for sale):
510
Orders, unfilled, end of period
__do
172
Shipments, total
do_
r 1,759 ' 2,045
134
Closed die (drop, upset, press)
do_
r 1, 350 ' 1,592
Steel products, net shipments:
92,666
7,887
84,945
Total (all grades)
do_
4,528
394
4,229
Semifinished products- __•
do_
6,798
577
6,085
Structural shapes (heavy), steel piling....dO—__
9,764
808
8,491
Plates.
do1,523
132
1,395
Rails and accessories
do.
1,328
1,282
1,211
13,199
14,488
Bars and tool steel, total
do
836
814
767
8,401
9,344
Bars: Hot rolled (incl. light shapes)
do
315
305
298
3,229
3,150
Reinforcing
_do.
167.
152
138
1,467
1,877
Cold
finished
do
877
8,137
734
744
8.689
Pipe and tubing
do
3,105
323
298
268
3,484
Wire and wire products
do
6,083
733
419
521
6,659
Tin mill products
do
3, 244 3,052 3,406
34,222 36,733
Sheets and strip (incl. electrical), total
do
1,009
942
893
9,948 10,630
Sheets: Hot rolled
do-__
1,538
1,409
1,485
15, 699 16,571
Cold rolled
do___
Steel mill products, inventories, end of period:
17.2
16.3
15.8
11.2
12.9
Consumers' (manufacturers only)__mil. sh. tons_
6.0
5.5
6.2
62. 4
68.7
Receipts during period
do_ _ _
5.1
5.0
5.9
60.5
67.0
Consumption during period
do___
4.6
4.4
4.2
4.1
4.5
Service centers (warehouses)
do___
Producing mills:
8.2
8.2
8.4
9.1
8.5
In process (ingots, semifinished, etc.)
do_-_
7.0
7.5
7.3
7.9
Finished (sheets, plates, bars, pipe, etc.)-do-_8.7
.0837
.0837
Steel (carbon), finished, composite price1_.$ per lb_.
.0837 .0837
2
' Revised.
v Preliminary.
* See note " O " for p. S-21.
Less than 500 tons.
3
Revised total; monthly revisions are not available.
IBeginning Jan. 1964, the composite reflects substantial changes in products and weights
used and is not comparable with earlier periods. The new composite price is based on AISI
11, 569 12,191 ' 11, 403
144.9
142.8
147.8
9.0
9.2
'9.0
9.1
8.3
9.5
8.5
8.3
'8.1
7.3
8.3
7.9
8.1
7.4
8.2
7.8
.0843
.0839
.0839
.0837
.0842
net shipments of carbon steel and is the average price of all finished carbon steel products
(except rails and wire products) weighted by tonnage. Prices used are base prices at Pittsburgh; the average includes an additional 25% for "extra" charges but does not include freight.
8.2
7.3
SURVEY OF CURRENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown In the 1965
edition of BUSINESS STATISTICS
1964
2965
Annual
S-33
1965
June
July
Aug.
Sept.
1966
Oct.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
474
386
3,609
366
422
3,365
July
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders new (net)
Shipments. _
___.
Backlog, end of period
thous sh tons
_ _ __ do _
do
4,500
4,241
2,712
4,868
4,321
3 151
458
363
3,245
337
329
3,268
341
413
3,176
438
383
3 179
327
411
3,177
415
365
3,199
325
413
3 151
423
339
3 222
456
345
3,273
538
440
3 347
504
407
3,382
Barrels and drums, steel, heavy types (for sale) :
Orders, unfilled, end of period
_
thous_
Shipments
_ ___ __ _ _ do
Cans (tinplate), shipments (metal consumed),
total for sale and own use
- thous. sh. tons
1,154
24,312
1,226
24,132
1,251
2,171
1,264
2,001
1,300
2,126
1,323
2,045
1,273
1,975
1,298
1,920
1,226
1,994
1,930
2,017 r 2,455
2,592
421
458
538
497
406
393
333
333
340
427
227.6
66 0
235.1
57.0
234.9
62.0
218.7
56 0
237.2
62.0
236.5
62 0
245.0
62.0
247.3
59 0
223.5
58.0
65.6
5.6
16.7
51.4
5.1
19.0
45.6
6.8
15.7
39.6
4.9
17.6
42.8
6.9
13.2
41.6
7.0
14.5
55.3
9.4
18.1
25.2
7.3
19.0
64.8
.2451
79.4
.2450
83.0
.2450
81.1
.2450
71.0
.2450
76.8
.2450
75.0
.2457
64.8
. 2450
7 063. 5 8, 025.5
4,834.9 5,688.2
2,
273.9 2, 618.6
2
1 253.7 1,409.0
709.6
511.1
238.6
121.7
596.3
431.4
193.4
96.6
650.1
457. 6
200.5
103.1
643.7
463.5
200.7
117.2
635. 2
462.3
191.4
117.5
664,9
466. 5
195.8
124.2
4,737
4
4,928
r
420
444
249.0
72 0
r 240.7
70 0
252.3
245.0
51.9
8.3
12.8
57.7
12.1
17.4
54.5
9.9
10.7
52.5
10.7
13.0
51.7
12.7
15.7
78.3
. 2450
71.8
.2450
64.8
.2450
60.3
.2450
67.7
.2450
63.1
.2450
683.9
500. 2
224.7
125.4
638.6
489.6
219.0
2
137.2
715.4
512.1
236.5
140. 4
802.8
592.5
267.8
149 5
734. 2
556.6
' 253. 7
135. 6
749.7
576.1
269.0
132.5
107.9 r 114.6 ' 110.1 r 107. 8
133.1
137.6
143.5
144.0
106.6
101.1
107.4
114.3
31.0
32.0
36.1
29.8
36.7
36.6
40.9
40.7
118.2
127.7
99.8
27.9
37 8
107.1
127.2
101. 7
25.6
29.6
123.7
148.6
120.4
28.2
42.3
120.7
137.9
111.8
26.1
43.5
r 126. 6
144.8
117.1
27.7
47.4
122.7
152.9
118.2
34.7
43.7
45.2
13.1
43.0
10.0
50.1
13.0
33.0
7.3
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons_. 2, 552. 7 2,754.5
Recovery from scrap (aluminum content) do
657.0
726 0
Imports (general):
392.4
Metal and alloys, crude
- d o
527.3
49.7
Plates, sheets, etc _ _ _ _
__ _
__do_
65.4
208.6 1203.6
Exports, metal and alloys, crude
do-___
Stocks, primary (at reduction plants), end of
period
thous. sh. tons__
Price, primary ingot, 99.5% min
$ per l b ~
Aluminum shipments:
Ingot and mill products (net)
Mill products, total
__
Plate and sheet (excl. foil)
Castings
.
mil. lb
do
do _
do
Copper:
Production:
Mine, recoverable copper
thous. sh. tons__
Refinery, primary
- _ _
- d o
From domestic ores
_ _ .do __
From foreign ores
do
Secondary, recovered as refined
_ do
Imports (general) :
Refined, unrefined, scrap (copper eont.)__do_
Refined
__ _
_ do
Exports:
Refined and scrap
do
Refined
_
_ _ __
do
Consumption, refined (by mills, etc.)
_do _
Stocks, refined, end of periodFabricators'
Price, bars, electrolytic (N.Y.)
do
do
$ per lb__
96.9
. 2372
1, 246.8 '1,351. 7 r 116. 6 ' 105.6 r 109.2
1,656.4 1,711.8
143.8
147.8
139.4
1,259.9 1,335. 7 110.2
116.1
113.0
396.5
376.1
27.7
37.5
26.4
332.4
429.4
34.4
35.3
33.4
r
r
r
r
523.8
137.4
58.4
12.9
29.9
9.0
36.7
9.5
39.0
11.4
55.4
18.3
63.8
16.4
36.3
11.8
35.0
11.6
41.1
9.8
430.6 i 422.1
316. 2 i 325. 0
1,859. 2 2, 042. 6
30.7
23.0
124.5
33.3
26.0
178.0
29.0
22.0
183.2
32.2
26.3
178.2
32.5
25.5
165.8
30.5
22.1
176.7
25 7
20.4
189. 6
27.4
18.4
197.4
35.3
31.5
45 7
23 7
30.9
27.5
21.2
38.0
219.5 p 202. 7 p 188.3 p 21L 0
162.3
118.5
. 3560
148.1
111.2
.3560
132.8
93.3
.3560
130.8
90.6
.3568
128.6
84.9
.3641
161.3
112.9
.3586
5178.3
114 5
.3613
204.8
132.8
.3604
205.7 v 183.8 p 181.8 p 207.0
132 5 p 124.3 p 124.5 p 149 9
.3612
. 3615 .3603
.3593
584.8
137.7
149. 6
110.0
.3196
161.3
112.9
.3502
29.3
18.9
187.8
118.7
79.2
.3560
2,787
1,992
1,063
2,974
2,177
1,075
799
544
274
286 0
541.6
'•301.1
554.0
.2450
.3602
Copper-base mill and foundry products, shipments
Copper mill (brass mill) products
mil. lb__
Copper wire mill products (copper cont.) __do
Brass and bronze foundry products
do
716
524
249
862
625
280
753
596
277
Lead: A
Mine recoverable lead
thous. sh tons
Recovered from scrap (lead cont.) — do
Imports (general), ore (lead cont.), metal—do ._
Consumption total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons__
Refiners' (primary), refined and antimonial
(lead content)
thous sh tons
Consumers'cf
do
Scrap (lead-base, purchased), all smelters
thous. sh. tons_Price, common grade (N.Y.)
$ perlb__
Tin:
Imports (for consumption) :
Ore (tin content)
Bars, pigs, etc
Recovery from scrap, total (tin cont.)
As metal
Consumption pig total
Primary
lg tons
do
do
do
do
do
Exports, incl. reexports (metal)
do
Stocks, pig (industrial), end of period §
do
Price, pig, Straits (N.Y.), prompt
$ perlb-_
334.2
1,202.1
r
23.8
48.1
344.4
25.8
1,241. 5 ' 104. 4
r
r
22. 7
40.5
r
25.6
42.4
25.9
48.0
r
26.0
48.4
37.7
24.2
32.3
37.1
90.8 r 101.4 ' 107. 2 r 113. 2
'25.8
45.8
25.1
110. 5
r
'29.2
46.3
24.9
46.8
23.6
44.7
29.6
50.8
••26.2
43.6
26.6
46.6
34.3
103.4
30.3
103.3
30.0
99.3
39.9
112.5
27.5
104.6
25.3
111. 6
r
98.4
106.8
90.2
93.9
99.8
105.3
104.7
101.6
106.8
107.2
109.1
114.6
113.1
111.1
38.1
113.4
25.9
103.2
29.3
110.8
31.0
118.5
26.3
106.2
24.3
95.5
25.0
92.2
25.7
98.9
25.9
103.2
26.2
101.3
25.8
99.3
23.2
105.9
23.9
99.0
71.5
.1360
48.1
.1600
62.5
.1600
63.1
.1600
59.4
.1600
53.8
.1600
52.2
.1600
51.1
.1600
48.1
.1600
49.0
.1600
52.3
. 1600
47.1
.1600
21.2
98.8
48.1
.1600
31,584
23, 508
3 334
82,890
58, 586
4,326
40, 814
23, 580
3 155
84,011
58,550
3,073
2,210
310
7,610
5,420
4 4, 041
24,343
1. 5772
13,064
27, 656
1. 7817
(3)
322
40
2,648
1,790
230
6,755
5,005
219
2,061
1,815
255
7,075
5,135
37
4,015
1,885
265
5,990
3,995
364
142
226
173
23,183 23, 587 22,985 24,350
1. 8894 1. 8412 1. 8696 .1. 9190
Zinc: A
Mine production, recoverable zinc
574 9 r 611 2 r 51 7 r 48 2 r 50.8
thous sh tons
Imports (general):
32.3
38.9
36.1
429.4
357.1
Ores (zinc content)
__ _ _ _
do___
118.3
153.0
3.7
21.1
10.7
Metal (slab, blocks) __. __ __ __
_
do _ .
Consumption (recoverable zinc content):
8.6
8.9
8.8
Ores
do
* 105. 9
113 6
18.6
18.5
219.2
19.1
Scrap, all types
do ___ * 222. 5
r
Revised.
v Preliminary.
i See note " Q " for p. S-21.
2 Monthly data (1962-64),
revised to 1962 canvass of nonferrous producers, are available; 1965 estimates reflect the revised
benchmark. Beginning 1966, estimates are derived from a new sample and are not3 comparable with earlier data; revised Dec. 1965, based on new
sample, 137.5 mil. lb.
Data
4
for Sept. 1963-Apr. 1964
are in terms of gross weight.
Revised total; monthly revisions
5
are not available.
Beginning Jan. 1966, total includes copper (totaling 10,900 tons end of
r
792
2,552
1,990
250
6,205
3,960
149
131
25,315 26,385
1. 8532 1.7676
51 5
'51.7
36.2
34.8
20.7
2.7
19
4,348
1,955
270
6,280
4,185
r
51.6
42.2
14.0
669
280
317
0
29
3,499
2,050
300
6,495
4,435
4,070
1,995
270
6,470
4,555
2,001
2,335
300
7,775
5,480
4,363
2,058
205
7,245
5,170
148
303
27, 656 27,180
1.7423 1.7875
116
27,245
1. 7810
290
27,130
1.7398
782
26, 315
1.7424
7,735
1,990
345
6,170
3,930
r
42.4
46.3
.1514
.1500
1,224
4,016
2,542
.1500
100
7,500
5,205
408
145
24,385
1. 6928 1.6077
50.1
48.6
48.7
53.8
'49.9
51.2
42.1
17.8
35. 0
22.0
32.9
18.9
39.5
21.6
35.3
14.0
32.8
26.3
1. 5987
43.1
28.3
10.4
10.4
10.4
10.3
9.6
10.5
8.6
10.4
9.7
18.9
18.4
19.1
19.2
18.9
18.6
18.6
19.0
18.7
Jan. 1966) held by nonconsumers, etc., not previously covered.
cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base
scrap.
§ Stocks reflect surplus tin made available to industry by GSA.
A Beginning
Aug. 1964, data reflect sales to the industry of metal released from the Government stockpile,
not previously covered.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
August 1966
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
89.9
6.0
112.5
(*)
32.2
158.1
.1450
79.9
5.7
116.1
.1
85.4
6.2
127.0
.1
87.0
5.7
119.1
.1
88.8
6.0
123.5
«)
29.7
156.0
.1450
28.8
166.7
.1450
33.2
159.7
.1450
154.9
.1450
8.7
.7
7.1
7.7
8.1
45.1
35.4
42.1
36.7
46.6
42.3
•39.9
38.7
41.9
53.5
June
July
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.—Con.
Zinc—Continued
Slab zinc:A
Production (primary smelter), from domestic
and foreign ores
__.
thous. sh. tons.. i 954.1
Secondary (redistilled) production
do
171.6
Consumption, fabricators'
do
1,207.3
Exports
do
26.5
Stocks, end of period:
Producers', at smelter (AZI)d*
do
31.2
Consumers'
do
107.5
Price, prime Western (East St. Louis). $ per lb__
.1357
1,005. 2
73.1
11,354.1
5.9
30.1
145. 4
.1450
82.6
6.5
115.5
85.1
5.4
96.9
.5
84.9
6.4
113.9
.4
117. 0
.2
87.5
6.0
117.8
.2
84. 2
6.0
116.5
89.1
5.2
113.2
.8
23.3
102.3
.1450
26.9
110.6
.1450
29.2
128.2
.1450
27.3
129.3
.1450
30.3
130.8
.1450
27.2
124.5
. 1450
30.1
145.4
.1450
11.4
1.0
11.6
1.0
13.1
12.4
11.0
84.0
5.3
42.1
48.9
. 1450
.1450
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
mil. sq. ft. radiation..
10.5
Nonferrous
do
113.2
Oil burners:
Shipments
thous..
568.0
42.6
Stocks, end of period
_do
Ranges, gas, domestic cooking (inch free-standing,
set-in, high-oven ranges, and built-in oven
broilers)
thous.- 2,170. 6
Top burner sections (4-burner equiv) ship____do
342.6
Stoves, domestic heating, shipments, total.._do
Gas
.
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total
thous.Gas
do
Water heaters, gas, shipments
__
do
9.2
115.3
585.5
35.7
2, 244. 5
304.8
1,810.8 1,647. 2
1,227. 2 1,107. 9
1,426. 0
1,162.1
2,680.1
1,389.4
1,127.5
2,616.4
.7
8.4
.7
9.0
43.4
44.6
58.8
41.2
64.8
36.1
68.4
35.9
53.7
32.8
40.2
35.7
199.2
31.4
153.9
19.7
191.5
27.1
226.6
31.7
212.7
26.1
190.0
22.1
196.5
23.9
162.5
18.2
180.7
19.6
227.2
23.6
187.5
23.3
177.4
22.1
110.3
77.5
107.3
88.7
205.0
158.8
106.4
186.5
120.3
227.6
141.8
259.0
185.5
144.1
105.6
82.9
57.3
82.6
47.8
88.5
51.9
'85.3
'56.0
110.8
80.6
116.6
96.0
214.0
140.4
112.2
206.2
174.4
136.1
226.4
132.5
234.2
118.6
95.3
208.2
111.2
91.8
246.7
61.1
44.6
89.5
72.6
225.3
86.3
71.3
207.4
88.3
73.8
236.6
'73.0
'61.4
218.6
81.3
68.2
194.1
267.2
198.2
274.0
244.6
227.6
340.6
16.3
1.6
10.7
13.7
1.8
6.1
16.1
1.7
25.6
3.5
16.4
11.7
2.0
5.4
15.2
2.2
8.3
46.3
47.9
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly.:
Fans and blowers, new orders
mil. $__
Unit-heater group, new orders
do
Foundry equipment (new), new orders, net
mo. avg. shipments 1957-59=100. _
Furnaces (industrial) and ovens, etc., new orders
(domestic), net
.mil. $__
Electric processing
do
Fuel-fired (exc. for hot rolling steel)
do
Material handling equipment (industrial):
O rders (new), in dex, seas. adj ©
1957-59 =100 Industrial trucks (electric), shipments:
Hand (motorized)
number_
Rider-type
do
Industrial trucks and tractors (internal combustion
engines), shipments
____number__
Machine tools:
Metal cutting tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Estimated backlog, end of period
208.6
66.9
19.0
218.6
322. 5
274. 6
280.6
387.0
316.9
295.0
339.5
114. 9
13.7
57.5
152. 8
21.6
75.2
9.7
1.4
5.1
18.3
1.0
6.7
10.5
1.0
6.0
12.6
2.0
7.2
11.4
1.3
6.8
13.8
2.0
7.7
53.5
16.0
14.2
2.6
7.9
152.0
186.3
191.2
171.4
192.6
183.0
211.0
205. 6
231.8
209.7
210.1
204.3
189.9
190.0
8,202
9,994
765
848
558
695
745
899
810
1,015
837
983
883
1,228
722
965
749
776
857
1,028
41, 746
3,625
3,378
3,729
3,910
4,144
4,052
3,531
3,619
920
1,087
4,159
907
932
36,171
742
842
3,497
mil.
976. 50
do
do
791. 80
___do
636. 75
months _ _
6.3
, 176. 00
, 054.40
958.60
830. 55
7.6
93.65
87.10
83.75
71.15
6.5
95.60
84.75
69.45
60.70
106.80
95. 40
57.55
50.10
7.3
99.85
87.00
80.80
70.90
7.6
99.25
93.00
91.05
75.60
7.6
110.50
100.25
77.95
67.25
7.7
128.50
116.50
109.10
98.15
7.6
126. 50
115. 50
79.30
70.20
8.2
388. 70
353.30
228. 20
200.85
10.9
319.30
297. 75
287. 85
259. 80
9.9
40.85
39.70
26.00
23.55
9.4
26.70
26.05
20.20
17.75
9.4
24.55
22.95
20.35
18.85
9.7
25.60
24.00
21.20
18.95
9.8
35.20
33.45
24.30
21.90
10.3
27.15
25.05
22.95
19.55
10.4
27.60
23.95
30.30
27.55
29.75
26.10
23.35
22.25
10.0
30.50
29.40
28.70
26.15
10.2
31.25
28.65
30.45
28.75
10.0
22.80
21.80
26.70
25.30
9.6
11,523. 7
i 392. 6
128.7
1, 739.8
439.7
151.3
521.7
120.5
51.9
393.5
105.7
27.6
2 37.0
2 38.6
:6.7
2 46.1
i 352. 9
408.2
114.9
91.3
1
679. 2
828.1
209.5
161.5
236.9
2 77.3
2 83.8 2 107.9
2 94.6
2 87.1
954.0
1,057.0
295.5
244.4
225.4
30, 627
30, 528
2,015
2,654
2,918
2,042
1,772
1, 972
2,106
182.8
177. 4
197. 3
165.8
159. 3
176.2
397.6
349.6
181.0
402.8
413.9
108.6
144.8
1,801
874
74.3
3 2,092
3 1,125
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
mil. $__
Tractors, tracklaying, total - . do
Tractors, wheel (con. off-highway)
_ _ do
Tractor shovel loaders (integral units only),
wheel and tracklaying types
mil. $_.
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil. $_.
Farm machines and equipment (selected types),
excl. tractors
mil. $_
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments*-.thous.Household electrical appliances:
Ranges (incl. built-ins), sales, total.
do
Refrigerators and home freezers, output
1957-59=100-Vacuuin cleaners, sales billed
thousWashers, sales (dom. and export).
__.do___.
Driers (gas and electric), sales (domestic and
export)
-_
thous_Radio sets, production §
do
Television sets (incl. combination), prod.§_-_do-__
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $_
Motors and generators:
New orders, index, qtrly
--1947-49=100.
New orders (gross) :
Polyphase induction motors, 1-200 hp
mil. $_
D.C. motors and generators, 1-200 hp
do___
1,965. 0 2, 065. 0
176.3
407.7
98.4
39.9
2,145
148.5
2,531
163.4
3,512
186.0
135. 45 155.85
121.10 137.45
83.00 105.05
73.55 94.25
8.7
9.1
4,015
134.50 127.65
118.40 119.55
86.00 ' 90.20
78.35 ' 79.25
'9.7
9.5
3,686
174.0
3,387
3,085
184.1
198.3
176.8
170.3
434.5
317.4
176.2
517.0
364.7
151.6
549.6
397. 7
147. 8
5,106. 9
4,347.1
159.8
367.9
388.7
125.1
329.2
356.1
87.6
376.6
145.3
497.7
430.6
160.1
534.4
397.2
147.5
543.5
370.4
11,826.4 12,098.4
109.0
127.7
213.3
274.2
279.1
234.3
238.8
186. 7
193.2
180. 2
192.
429.0
351.6
128. 0
24,118 3 2,171
3 946
11,028
1,757
596
1,764 3 2, 214
819 3 1, 230
2,312
I, 1 ""
2,074
1,044
3 2,417
3 1,208
1,874
915
1,862
924
3 2,260
31,239
1,824
907
68.9
73.8
71.3
68.9
81.1
74.i
140.8
4, 506. 7
4,189. 6
19,176
9,570
653.0
757.0
63.3
178
215
228
183. 2
36.3
210.1
44.6
19.4
3.8
52.3
63.4
72.4
70.0
217
212
16.2
4.4
15.5
3.6
31.15
•
27. 55
1
27.40
• 25.85
'9.5
139.05
126.65
113.35
103. 20
9.9
38.45
31.90
30.15
29.10
106.
159.7
431.4
357.1
1
2
'Revised.
Revised total; monthly revisions are 4not available.
For month shown.
Data cover 5 weeks; other months, 4 weeks.
Less than 50 tons.
5 Excludes orders for motors 1-20 hp.; domestic sales of this class Jan.-June 1966 (mil. doU: 9.8; 11.0;
11.2 (rev.); 11.2 (rev.); 11.5: 11.3.
ASee similar note, p. S-33.
cf Producers' stocks elsewhere, end of June 1966,10,000 tons. © Revised back to 1963 to in-
371.8
6,891
7,129
Metal forming tools :
Orders, new (net), total
mil.
Domestic
do
Shipments, total
do
Domestic
_.___.L._do
Estimated backlog, end of period
months __
3
55.2
17.6
182.3
74.9
1,215
586
77.8
248
5 9.8 5 10.1
5 9.1
•'3.8
3.9
'5.1
corporate new seasonal factors.
9 Includes data not shown.
t Data reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are
available.
§ Radio production comprises table, portable battery, auto and clock models; television
sets cover monochrome and color units.
19.2
3.2
15.9
4.2
18.1
3.1
18.7
4.7
58.2
'4.1
5 10.1
'.5.1
*11.2
'5.6
SUKVEY OF CURKENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
|
1965
Annual
S-35
1966
1965
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
1,082
49
1,289
50
1,232
62
1,196
101
July
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
15,444
Production
thous. sh. tons— 17,184
1, 575
1851
Exports
do
Price, wholesale, chestnut, f.o.b. car at mine
12.979
$ per sh. ton__ 13.895
Bituminous:
Production
thous. sh. tons.. 486,998 510,000
43,068
Industrial consumption and retail deliveries,
total 9
thous. sh. tons.. 431,116 458,969
223,032 242,729
Electric power utilities..do
Mfg. and mining industries, total _______ _do____ 187, 758 196,534
88, 757 94,620
Coke plants (oven and beehive)
do
Retail deliveries to other consumers.
_do
Stocks, industrial and retail dealers', end of period,
total 9
thous. sh. tons__
Electric power utilities
__do
Mfg. and mining industries, total
__do
Oven-coke plants
do
1,292
82
88
12. 495
12. 495
12. 005
1,364
129
1,269
108
1,255
69
1,286
66
895
56
84
12.495
12.985
12.985
12.985
13. 580
13. 580 13. 580
12,005
12. 005 P12. 005
43,344
46,596
46,356
46,585
42,090
40, 200
48,200
30,260
45,930
38,136 39,132
20,066 20,552
16, 237 16,423
7,457
7,074
42,851
22,646
17, 556
7,397
45,157
24,063
17,904
7,538
40,564
21,263
16,354
7,200
41,021
21,631
17,521
8,171
38,047 37,357
20,324 19,972
16,567 16, 598
r 7,827 8,210
34,042
46,228
35, 584
19,292
15, 762
8,119
36,135
20,018
15,481
8,161
37, 545
21,051
15,562
8,120
36,198
19,936
14,910
7,504
19, 615
19,048
442
564
840
1,266
1,748
2,078
2,625
3,189
2,947
1,865
1,102
706
75,342
52, 661
22,305
10,081
77,393
53,437
23,603
10,506
71,418
49,857
21,311
9,970
66,149
47,482
18,407
7,744
49, 244
19,768
8,484
70,418
50,411
19,715
8,253
73,000
52, 017
20, 691
9,107
75,226
53,125
21,736
9,743
77,393
53,437
23,603
10,506
71,889
49,779
21,833
10,137
69,055
47,197
21,630
9,870
73,526
48,973
24,362
11,318
68,115
46,919
20,993
8,640
48,605
20,926
8,493
46,130
do
376
353
250
260
292
292
365
353
277
228
191
203
238
47,969
i 50,181
5,069
4,231
5,160
5,560
4,627
3,542
2,854
3,166
3,512
3,937
4,238
4.798
6.895
4.794
6.926
4.799
6.595
4.799
6.645
4. 786
6.833
4,790
7.017
4.795
7.144
4.794
7.203
4.794
7.228
4.794
7.247
4.804
7.247
.4.798
7.005
4.814
6.632
• 4.986 v 4.986
• 6.614 P6.642
thous. sh. tons..
do
do
1,236
60,908
16,865
1,542
64,924
17,208
164
5,566
1,407
149
5,598
1,475
154
5,549
1,489
85
5,208
1,443
72
5,158
1,358
64
4,929
1,412
75
5,102
1,553
94
5,184
1,558
94
4,895
1,352
108
5,598
1,478
108
5,401
1,381
1
'113
5,640
1,448
122
5,460
do
do
do.___
_do
do
1,971
1, 708
262
1,359
524
2,699
2,445
254
1,478
1834
1,118
982
136
1,548
1,177
1,017
160
1,511
63
1,271
1,085
181
1,460
1,484
1,278
206
1,418
73
1, 918
1,690
227
1,414
65
2,341
2,103
239
1,411
77
2,445
254
1,478
78
2,789
2,548
242
1, 550
64
2,696
2,504
192
1, 546
67
2,627
2,442
185
1,584
2,345
2,172
173
1,570
118
• 2,166
2,009
>157
1,563
146
2,080
1,939
141
number__ 20,620
2.92
$ per bbl__
mil. bbl__ 3, 223.3
% of capacity. _
87
18,761
2.92
3,300.8
87
1,583
2.92
273.1
87
1,521
2.92
288.7
1,784
2.92
286.1
1,844
2.92
270.2
1,375
2.92
281.7
87
1,606
2.92
276.0
1,685
2.92
287.2
1,050
2.92
290.6
90
1,394
2.92
261.3
90
1,517
2.92
285.3
1,274
2.92
271.7
87
1,380
2.92
290.1
90
340.9
345.5
347.4
329.1
357.4
345.0
378.3
346.8
389.5
362.1
373.7
232.4
35.2
237.6
36.6
240.2
36.5
222.5
35.0
244.1
37.9
239.6
38.0
253.6
39.2
250.5
38.9
231.7
36.0
258.1
39.5
249.2
38.8
259.8
39.4
33.3
13.3
40.7
30.6
13.2
40.8
29.9
10.9
39.1
36.2
12.1
32.0
35.4
-7.6
27.9
49.0
-36.6
42.0
46.9
-16.6
34.7
44.5
-23.1
38.8
53.1
9.4
36.5
37.6
' 11. 0
37.3
37.2
30.2
327.5
332.3
336.5
324.8
345.3
352.6
406.2
394.9
370.0
380.1
351.1
343.6
.1
6.2
321.2
155. 2
4.5
.4
5.7
326.2
156.7
4.9
0
5.7
330.8
154.4
5.9
0
5.2
319.6
142.5
6.0
.2
5.1
340.0
147.0
7.7
.1
5.5
347.0
140.1
9.4
(3)
5.3
400.9
149.0
12.7
.1
5.1
389.7
132.6
14.1
0
5.6
364.4
126.0
12.1
.1
6.2
373.8
145.4
8.7
.3
5.8
344.9
147.3
6.1
338.1
153.7
5.9
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$persh. ton_.
Domestic, large sizes, f.o.b. mine
do
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke
Exports
_
1, 256
___do
Retail dealers
Exports
1,626
93
5,038
109
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stillsj
Refinery operating ratio
All oils, supply, demand, and stocks: J
New supply, total
mil. bbl._ 4,036.1 4,190. 8
Production:
2,786.8 2,848.5
Crude petroleum
do
422.5
441.6
Natural-gas liquids, benzol, etc
do
Imports:
Crude petroleum
do..__
438. 6
452.0
Refined products
__do
388.1
448.7
Change in stocks, all oils (decrease,—)
do
3.7
-2.9
Demand, total
Exports:
Crude petroleum.
Refined products
Domestic demand, total 9—
Gasoline
Kerosene
do..__ 4,032. 4
do
do
do
_do
...do
4,193.7
1.4
1.1
72.5
66.8
3,958. 5 4,125.9
1,685.5 21,720. 2
178.4
2 97.6
43.2
28.4
• 4.3
()
5.5
do..
_do_.
do_.
750.4
554.6
118. 6
776.0
586. 4
2 220. 6
41.8
38.6
18.2
44.3
37.8
18.6
47.9
36.8
20.0
49.8
37.5
19.6
56.9
45.8
18.2
71.7
46.8
18.6
92.9
65.9
19.4
96.1
65.9
18.6
88.4
64.7
17.6
76.5
65.9
19.9
63.3
49.1
21.5
53.2
43.2
26.3
do_.
do_.
do_.
45.8
120.2
247.9
47.0
127.6
260.8
4.3
15.7
17.1
4.1
17.2
17.1
4.0
17.8
17.9
4.0
15.5
19.0
3.8
14.7
21.9
3.8
9.4
24.0
3.7
5.4
33.1
4.1
3.7
34.8
3.6
3.5
30.5
4.6
6.1
27.2
4.4
8.1
24.0
4.4
12.1
22.9
Stocks, end of period, total.
Crude petroleum
Natural-gas liquids
Refined products
do_.
do_.
do_.
_do_.
839.2
230.1
35. 7
573.5
836.3
220.3
35.9
580.2
840.1
253.6
38.7
547.8
853.2
242.1
43.6
567. 6
864.1
236.4
46.7
581.0
231.1
46.9
590.4
880.5
231.8
45.9
602.8
873.0
226.7
42.5
603.7
836.3
220.3
35.9
580.2
819.8
221A
28.9
569.5
796.6
225.4
24.7
546.4
806. 0
236.3
26.4
543.4
817. 0
249.3
30.6
537.1
847.2
255. 6
36.4
555.2
Refined petroleum products: J
Gasoline (incl. aviation):
Production
Exports.
Stocks, end of period
do_
do_.
__do_
1, 687. 4 1,704.4
8.0
2 4.9
199. 5 2 183.1
141. 6
.7
192.6
148.5
.3
185.1
150. 4
.4
181.8
140.5
.3
180.3
142.4
.3
176.6
142.5
.4
179. 2
151.4
.1
183.1
152.5
.2
203.5
133.8
.2
212.2
146.3
.2
214.2
140.1
2
207.9
203.6
Distillate fuel oil
Residual fuel oil
Jet fuel
__
Lubricants
Asphalt
Liquefied gases
Prices (excl. aviation):
.113
.113
Wholesale, ref. (Okla., group 3)
$ per gal__
.113
.113
.102
Retail (regular grade, excl. taxes), 55 cities
.211
.213
.209
(1st of following mo.)
$ per gal__
.208
.200
r
Revised.
* Preliminary.
* See note " O " for p. S-21.
2
Beginning Jan. 1965, gasoline excludes special naphthas; aviation gasoline represents
finished grades only (alkylate excluded); commercial jet fuel (formerly included with kerosene)
is included with jet fuel.
P2.92
147.7
.1
.113
.113
.113
.113
.113
.113
.105
.113
.113
.118
.210
.209
.213
.210
.213
.210
.211
.212
.218
.218
3
Less than 50,000 bbls.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
t Revisions for Jan.-Oct. 1964 will be shown later.
876
34,170
SURVEY OF CURRENT BUSINESS
S-36
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
August 1966
1965
June
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS—Continued
Refined petroleum products$— Continued
Aviation gasoline:
Production
mil. bbl__
Exports
do
Stocks, end of period
_do
Kerosene:
Production
do
Stocks, end of period
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal. .
Distillate fuel oil:
Production
mil. bbl__
Imports
.
do
Exports
.__
do
Stocks, end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gaL .
Residual fuel oil:
Production
mil. bbl__
Imports
do
Exports
do
Stocks, end of period—
do
Price, wholesale (Okla., No. 6).
$ per bbl__
Jet fuel (military grade only):
Production
___mil. bbl__
Stocks, end of period
_do
Lubricants:
Production
do
Exports
do
Stocks, end of period
___do
Price, wholesale, bright stock (midcontinent,
f.o.b., Tulsa)—_
_
$ per gal__
Asphalt:
Production
mil. bbl—
Stocks, end of period
do
Liquefied petroleum gases:
Production—
-do
Transfer from gasoline plants
___do
Stocks (at plants, terminals, underground, and
at refineries), end of period
mil. bbL_
Asphalt and tar products, shipments:
Asphalt roofing, total
thous. squares-.
Roll roofing and cap sheet—
do
Shingles, all types
do
Asphalt siding..
Insulated siding
Saturated felts
do
do
thous. sh. tons..
127.8
5.4
9.1
U8.6
14.2
18.3
4.0
.7
8.2
4.2
.3
8.2
4.1
.3
8.5
4.1
.3
8.7
169.5
36.2
194.5
124.1
7.0
23.4
6.7
25.3
6.6
26.0
6.9
.095
.095
.095
58.7
.5
.2
116.6
65.5
.9
.3
138.5
66.4
1.6
.3
158.4
.096
742.4
11.8
5.4
155.8
765.4
13.0
3.7
155.4
62.8
1.1
.5
172.0
3.3
.2
9.2
3.0
.2
9.0
3.3
.1
8.1
17.9
9.5
18.7
7.0
19.6
7.4
21.3
.103
.103
.103
.102
.102
70.1
1.1
.4
130.0
62.8
.6
1.0
104.0
64.7
.8
.3
92.8
60.4
1.4
.3
91.0
63.8
1.2
.3
102.5
.2
8.4
3.9
.4
8.0
8.1
27.3
8.3
26.3
10.4
24.1
10.3
20.2
.100
.100
.103
65.7
1.3
.1
182.0
66.1
1.1
.3
177.3
70.1
1.1
.3
155.4
3.9
.1
8.3
3.7
.1
8.5
3.3
.1
9.1
P. 102
.086
.090
.087
.087
.087
.090
.092
.092
.095
.095
.095
.095
.092
.092
p. 092
266. 8
295.8
18.9
40.4
1.50
268.6
344.6
14.9
56.2
1.83
20.9
23.6
1.0
45.2
1.75
21.6
22.1
1.3
50.2
1.80
21.1
20.4
1.3
53.8
1.85
19.5
20.0
1.0
55.1
1.90
22.4
27.5
1.1
58.4
1.95
22.8
26.1
1.0
59.7
1.95
24.6
38.5
1.0
56.2
1.95
26.3
37.8
1.1
53.6
1.90
22.2
37.3
1.1
47.6
1.80
23.8
42.8
1.9
46.8
1.60
20.5
28.6
.8
46.2
1.55
20.5
26.7
1.1
49.5
1.55
v 1.55
108.0
9.9
1 191. 2
118.7
15.7
20.5
16.8
21.0
16.0
19.8
16.0
17.9
16.5
18.2
16.2
18.6
16.6
18.7
16.8
18.9
15.7
19.2
17.9
20.1
17.6
18.7
18.5
19.6
63.7
18.2
14.1
62.9
16.7
13.3
5.1
1.3
12.9
5.4
1.4
12.8
5.4
.9
13.3
5.1
1.4
13.0
5.1
1.6
12.8
5.1
1.2
12.9
5.5
1.4
13.3
5.6
1.1
13.8
5.1
1.2
14.1
5.4
1.3
13.6
5.3
1.4
13.1
5.6
1.2
13.1
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
114.9
14.2
123.6
16.2
12.1
20.7
14.4
18.5
14.6
16.2
13.5
14.8
12.6
13.2
9.8
13.9
7.3
16.2
6.6
19.5
6.0
22.4
8.0
24.5
10.3
26.8
11.4
26.5
59.2
189.6
56.1
200.2
4.8
12.8
4.9
12.3
4.8
13.1
4.3
14.6
4.3
17.5
4.2
19.6
5.1
22.9
5.4
24.0
4.9
21.1
5.3
17.9
4.9
14.9
5.3
13.8
31.8
32.0
35.3
40.1
43.5
43.8
42.8
39.4
32.0
24.3
20.1
21.1
25.4
32.1
4,580
1,982
2,598
4,987
2,056
2,932
71,075
26,218
44,857
72, 696
28, 584
44,112
7,215
2,591
4,625
7,634
2,856
4,778
8,546
3,322
5,224
7,766
3,130
4,636
7,279
2,987
4,292
5,599
2,294
3,305
720
680
995
645
603
973
50
70
52
66
95
70
65
109
72
75
63
82
62
45
73
47
31
44
21
3,601
1,490
2,111
30
17
56
4,724
1,996
2,728
6,100
' 2, 028 2,263
<• 3,431
'5,448
p. 270
8,159
3,061
5, 098
49
62
99
35
36
68
PULP, PAPER, AND PAPER PRODUCTS
PULP WOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks, end of period
thous. cords (128 cu. ft.)_
do
___do___
49,872
49, 711
4,843
50,452
50,740
5,770
3,935
3,989
4,613
4,234
4,110
4,856
4,379
4,351
4,985
4,270
4,085
5,268
4,611
4,664
5,328
4,228
4,383
5,317
4,441
4,072
5,770
4,247
4,574
5,412
4,192
4,293
5,320
4,843
4,651
5,428
4,512
4,642
5,260
4,569
4,794
5,001
thous. sh. tons_
do___
9,493
596
9,914
573
854
518
720
555
532
840
520
899
511
842
512
804
573
848
486
464
920
466
'871
'486
903
485
WOODPULP
Production:
Total, all grades
thous. sh. tons.
Dissolving and special alpha..
do___
Sulfate
do___
Sulfite
do-_.
32,429
1,457
20, 006
2,685
33,296
1,486
20,514
2,789
2,646
110
1,605
242
2,680
113
1,657
218
2,917
134
1,822
2,700
120
1,678
220
2,949
130
1,817
258
2,894
119
1,811
232
2, 626
124
1,606
217
2,918
141
1,808
230
2,750
124
1,715
213
3,052
140
1, 908
242
2,964
132
1, 854
3,102
134
1,945
256
do_.
do_.
do_
3,596
1,621
3,063
3,920
1,473
3,113
324
125
239
319
125
247
337
122
263
305
121
256
334
126
284
119
275
320
113
247
337
121
281
315
118
265
342
131
289
331
133
275
133
297
do_
do_
do_.
__do_
781
228
462
92
730
253
395
82
748
284
381
84
763
281
400
82
766
302
383
81
743
290
375
78
750
311
369
70
739
300
730
253
395
82
265
359
75
252
351
79
242
355
82
243
361
'79
700
250
368
82
Groundwood
Defibrated or exploded
Soda, semichem., screenings, etc
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills
73
Exports, all grades, total
Dissolving and special alpha
All other
do_
do_
do_
1,602
581
1,021
21,402
2 535
897
107
43
64
119
52
67
109
42
67
110
41
123
49
74
101
33
129
56
73
128
58
71
126
56
70
125
56
70
153
46
108
140
47
93
132
54
78
Imports, all grades, total
Dissolving and special alpha
All other
do.
do_
do_
2,922
272
2,650
3,127
280
2,847
26
263
245
23
222
265
23
242
253
25
228
261
23
237
306
24
282
270
23
247
242
22
220
249
23
226
303
27
276
254
20
234
287
24
263
300
28
272
3,419
1,488
1,599
8
324
3,746
1,608
1,788
11
340
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
43,747 3,575
All grades, total, unadjusted.--thous. sh. tons__ 41, 748
19,020 1,532
Paper
do_
18,180
20, 760 1,688
Paperboard
do_
«19, 623
135
13
Wet-machine board
do.
148
341
Construction paper and board
do.
3,797
2
••Revised.
p Preliminary.
1 See note 2 for p. S-35.
See note " O " for p.
S-21.
4,045 ' 3,938
3,911 3,751 3,624 3,847 3,651
1,587
1,756 ' 1,697
1,677 1,627
1,573
1,700
1,544
1,935 ' 1,879
1,759
1,789
1,754
1,845
1,858
1,730
12
12
11
12
11
11
11
11
349
341
295
324
291
365
286
342
«Corrected.
{Revisions for Jan.-Oct. 1964 will be shown later.
4,045
1,720
1,969
12
345
July
SUEVEY OF CUREENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1966
1965
June
Annual
S-37
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
' 3, 995 p4,103
May
June
July
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS—Con.
Paper and board— Continued
New orders (American Paper and Pulp Assoc.):
All grades, paper and board
thous. sh. tons.
Whplesale price indexes:
Printing paper
1957-59=100.
Book paper, A grade-.•—
do...
Paperboard
do
Building paper and board
do
Selected types of paper (APPA) :
Fine paper:
Orders, new
_thous. sh. tons..
Orders, unfilled, end of period
do
41,646
44,296
3,631
3,632
3,747
3,664
3,934
3,708
3,556
3,970
• 3,692
• 4,228
101.4
109.4
96.5
94.2
101.4
110. 6
96.4
93.0
101.4
110.7
96.3
92.7
101.4
110. 7
96.3
93.5
101.4
110.7
96.3
93.3
101.4
110. 7
96.4
93.4
101.4
110.7
96.5
93.8
101.4
111.5
96.5
93.3
101.4
111.5
96.5
92.7
101.4
112.7
96.7
92.7
101.4
113.5
96.7
92.7
101.4
113.5
97.0
92.7
101.4
113.5
97.1
92.6
2,234
' 2,429
'150
209
145
'194
'157
'197
'153
'192
'149
'206
'151
'214
'201
'150
'213
'146
'207
'154
'242
167
234
173
do_
do.
2,244
2,237
2,410
' 2,413
200
206
186
'191
204
'202
197
211
'202
206
'214
208
'209
217
'214
'205
'200
'225
230
'229
'229
do..
do..
5,800
437
' 6,195
510
519
522
530
558
510
518
517
543
550
554
476
500
502
510
553
522
'529
'552
'616
'614
564
611
do_.
do..
5,623
5,623
5,993
5, 993
503
503
471
471
493
493
507
507
534
534
503
503
505
505
527
526
'502
'502
'556
'556
542
542
do_.
do_.
4,392
190
4,590
210
367
232
357
226
392
235
357
219
396
227
379
199
379
210
394
211
381
226
'447
'250
'427
'262
do
do
4,352
4,331
4, 591
4,564
359
361
357
358
390
382
371
374
395
391
392
393
376
379
390
376
376
'429
'420
'404
'409
_do___
do
_do
7,301
7,310
178
7,720
7,747
150
634
'702
'201
651
642
209
663
646
225
637
637
225
686
694
217
717
193
691
150
675
610
215
654
617
253
738
688
302
702
732
272
735
777
230
687
241
2,261
2, 273
22
2,180
2,183
19
169
171
19
168
167
20
196
189
160
167
20
182
178
23
193
192
24
181
186
19
197
191
25
185
184
27
203
210
20
192
191
20
205
207
17
205
204
18
Consumption by publishersc?
do
Stocks at and in transit to publishers, end of
period
thous. sh. tons..
6,031
6,387
527
477
509
591
576
628
585
573
560
619
619
624
641
Imports___
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh. ton..
5,954
6,323
581
518
134. 23
132. 40
132. 40
132. 40
563
384
i 417
1796
410
90
412
760
405
384
818
359
78
137, 261 148,312
12, 403
133. 7
Production
Shipments
Printing paper:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Coarse paper:
Orders, new
Orders, unfilled, end of period
.
Production
Shipments
Newsprint:
Canadat
Production
Shipments from mills
Stocks at mills, end of period
United States:
Production
Shipments from mills
Stocks at mills, end of period
...do
do
do
Paperboard (National Paperboard Assoc.):
Orders, new (weekly avg.)
thous. sh. tons..
Orders, unfilled, end of period
do
Production, total (weekly avg.)
do
Percent of activity (based on 6.5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
shipments!
mil. sq. ft. surf. area..
Folding paper boxes, shipments, index of physical
volume
1947-49=100..
125.7
128.2
27
517
580
634
570
576
526
573
586
101. 4
114.6
97.2
92.6
101.9
114.6
97.2
92.6
P187
*>231
*>394
573
677
574
539
538
627
551
509
132. 40
132. 40
132.40
132.40
132. 40
132. 40
132.40
134.40
412
818
416
90
413
848
415
90
444
844
441
94
437
847
443
94
386
793
414
438
855
421
93
453
902
446
95
471
944
450
95
453
973
450
94
469
1,025
466
97
11,747
12, 523
13,167
13,633
13,375
12,812
12,044
11,848
14,043
13,068
13,477
12,403
120.8
131.1
137. 2
137.5
128. 4
136.2
122.9
115.9
140.2
129.5
133.5
p 143.2
46.94
98.70
28.31
.245
44.34
93.73
44.94
.258
50.90
90.56
40.27
.258
45.93
90.34
44.33
.244
46.38
91.72
38.45
.241
47.12
91.07
42.40
525
132. 40
570
607
632
134. 40 P138. 42
452
999
457
94
391
410
84
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. lg. tons..
Stocks, end of period
.
do.___
Imports, incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.)_.$ per lb_.
Synthetic rubber:
Production
Consumption
Stocks, end of period
Exports
36.55
97.04
30.66
514.71
100.01
445.32
.257
42.16
95.68
42.22
.268
thous. lg. tons.. 1, 764. 94 1,813.99
do
1,451. 51 1,540.87
do
297.13
311.95
do
321. 26 2 281.78
144.86
126.30
315.37
23.87
141.35
108.25
325.26
24.32
Reclaimed rubber:
Production
Consumption
Stocks, end of period
do
do
do
481. 50
86.85
441.19
.252
_. 258
40.57
96.20
28.42
.248
43.98
96.96
39.90
.243
46.14
96.44
41.91
.241
45.41
98.36
43.91
.241
148.59
119.51
323.56
24.87
137.70
131.44
311.08
21.70
156.52
140.48
304.81
25.17
157.87
133.44
302.99
23.79
44.26
100.01
44.57
.243
166.12 168.88
135.82 137.78
311.95 320.46
23.32 23.31
276. 26
263.19
30.08
280.29
269.54
30.16
23.12
22.78
29.60
21.08
20.03
29.96
22.60
20.80
30.88
22.38
22.20
30.39
23.43
24.03
29.06
22.83
21.45
28.84
24.66
22.75
30.16
thous.. 158,113
14,194
14,839
23.32
23.06
28.93
153. 07 169.52 165.58
131.54 150.23 =141.02
317. 01 309. 77 316.02
29.91
30.00 26.11
22.84
21.88
28.72
27.19
24.56
30.07
' 23.20
22.06
' 29.99
.234
165. 55 161. 59
137. 64 140. 56
321.76 324.08
24.07 24.59
24.02
21.66
30.87
24.55
22.37
31.96
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export
Stocks, end of period
Exports (Bu. of Census)
Inner tubes:
Production
Shipments
Stocks, end of period
Exports (Bu. of Census)
167,854
13,460
12,174
12,822
13,921
15,331
do.
do..
do.
do-.
150,488
48,045
100,369
2,075
169,060
58,280
107,905
2,875
15, 605
5,336
10, 033
236
14, 227 12,145
4,222 2,215
9,689 9,682
316
248
14,863
4,178
10,441
244
16,073 13,709
5,557 5,511
10, 206 8,017
310
181
___do_.
do_.
37, 553
1, 589
37,059
2 2,381
37, 207
199
35,036
250
36, 095 35,110
173
191
34,442
259
do_.
.do..
do..
do..
42,437
41,890
11,454
41,342
41,936
11,839
2
1,189
3,290
3,438
11, 266
82
3,207
3,297
11,196
128
3,251
3,455
3, 521 3,413
11,015 11,145
77
123
1
' Revised.
v Preliminary.
Beginning Jan. 1965, monthly data are 4-week averages
for period ending Saturday nearest the end of the month. Annual
data for new orders are
52-week averages: those for unfilled orders aie as of Dec. 31. 2 See note " O " for p. S-21.
15, 308 14, 605 16, 275 15,317
14,885
14,473
13, 062 13,912
5,386 4,987
7,472 8,729
195
205
12,222
4,844
7,181
196
15, 855 16,224
5,527 5,253
10, 079 10,734
249
237
14, 690
4,903
9,587
200
16, 220
4,900
11,161
159
35,083
183
37,059
156
140
40,833
180
41,441
211
40,775
175
41,214
220
39,601
147
3,513 3,243
3,058
11, 045 11,336
174
3,483
3,021
11.839
108
3,507
4,351
11,216
71
3,558
3, 742 4,480
11,179 10,630
64
87
3,591
3,724
10,699
125
3,533
3,336
11,039
126
3,669
3,770
11,107
cf As reported by publishers accounting for about 75 percent of total newsprint consumption.
t Revisions for Jan. 1964-Feb. 1965 will be shown later.
.« Corrected.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
August 1966
1965
June
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
16, 982 28,779
Apr.
May
June
30,883
35,330
41, 724
757.1
21.2
148.5
July
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments,finishedcement
thous. bbl_.
39,192
39,439
41,242
37,531
39,418
31,446
25,117
17,327
787.8
26.5
185.4
761.3
26.2
171.0
768. 2
28.9
175.5
743.7
27.5
166.3
749.5
29.2
155.6
714.0
26.1
138.8
645.6
23.7
118.8
464.3
20.4
94.5
421.0
16.7
82.9
747.7
23.4
151.3
• 745.6
'22.7
146.4
326.9
29.7
31.1
30.6
30.3
28.5
28.3
28.1
23.1
21.8
26.3
••28.3
26.2
282.7
26.4
24.0
24.8
24.7
23.4
22.1
21.6
22.5
21.5
25.9
'24.6
24.2
108.4
107.8
107.8
108.8
109.2
109.2
109.4
109.8
109.9
110.4
110.7
' 110.9
111. 1
111.8
96,489
88,249
Sheet (window) glass, shipments.._
do
144,753 140,559 32,643
180, 202 213,749 53, 510
51,021
Plate and other flat glass, shipments
___do
Glass containers:
Production
__ thous. gross. _ 189,414 201,327 18,600 18,460 19,333 16,733 18,227 16, 206
Shipments, domestic, total
do
184,773 195,380 17,948 16,894 18,361 17,393 16,638 15, 870
General-use food:
20,829
Narrow-neck food
_do
1,664
2,080 2,830 2,886
1,932
1,489
21,548
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars) thous. gross._ 50,721 53, 582 4,636 4,431 4,976 4,929 5,030 4,707
39,769
56,720
34,006
54,243
17,567
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick..
Structural tile, except facing
thous. sh. tons..
Sewer pipe and fittings, vitrified
do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent._
Floor and wall tile and accessories, glazed and unglazed
mil. sq. ft__
Price index, brick (common), f.o.b. plant or
N.Y. dock
..
__1957-59=100__
7,743.8
311.4
313.3
1, 732. 2
1,837. 2
353.4
286.0
107.1
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
366,304 1373,563
thous. $_. 324,955 354,308 86,153
15,219
16, 745 16,352
18,658
18,370
19,160
15,715
14, 715 14,298
17, 785 16, 578 17,460
19,427
1,403
1,431
1,537
2,035
1,717
' 1, 713
4,356
3,851
' 4, 142 4,569
1,720
4,193
4,369
3,964
...do
do
do
17,664
33,252
16,756
20,283
36,135
17,273
2,465
3,915
1,352
2,089
3,852
1,155
1,764
3,357
1,382
1,371
2,838
1,488
1,379
2,332
1,759
1,427
2,530
1,723
2,131
2,694
1,447
1,146
2,414
1,248
1,413
2,216
1,366
2,034
3,302
1,571
2,266
3,304
1,469
'2,561
' 3,549
'1,539
3,325
4,246
1, 538
do
do
do
36,764
7,366
1,421
38,381
6,913
1,265
3,275
552
89
2,692
509
86
3,371
564
117
3,193
560
128
3,548
552
106
3,367
514
113
3,200
520
127
3,501
512
94
3,247
460
95
3,864
531
92
3,366
502
103
3,359
'516
81
3,427
510
92
Stocks, end of period
do
25,375
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
6,246
Imports.
thous. sh. tons.. 10,684
Production
__._
do
9,440
Calcined, production, total
do
Gypsum products sold or used, total:
Uncalcined uses
__.
do
4,562
Industrial uses
do
292
Building uses:
Plasters:
Base-coat
do
972
Allother (incl. Keene's cement)
do
993
Lath
mil. sq. ft_. 1,495
Wallboard
do_.__ 7,542
All other. _
do
253
26,802
26,112
26,812
27,314
26,401
27,537
27, 518 26,802
28,466
30,370
30,801
31,977
32,814
31,892
5,911
10,035
1,630
2,502
1,734
2,708
1,475
2,568
1,033
2,245
9,320
2,365
2,510
2,313
2,074
4,580
319
1,334
87
1,283
77
1,122
79
786
81
237
264
210
976
168
202
271
378
2,148
79
371
2,133
74
173
235
311
2,073
67
Beverage
Beer bottles...
Liquor and wine
Medicinal and toilet
Chemical, household and industrial
Dairy products
264
1,623
54
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills f
Cloth woven, total 9
mil. linear yd__
Cotton
__
....
do____
Manmade fiber __
_do
Stocks, total, end of period 9 c?
Cotton
•__
Manmade
fiber
do_.
do.
do_.
Orders, unfilled, total, end of period 9 1T_ __do
Cotton...
__do
Manmade
fiber
_do
12,672
9,136
3,289
823
581
223
1,036
730
285
21, 258
2 883
2 351
1,034
733
282
1,027
729
282
21,171
2 827
2 321
1,013
712
280
1,020
705
293
1,
265
2
864
2 373
1,008
700
285
1,019
701
294
621
394
1, 027
615
390
U,094
636
M37
1,108
649
440
1,100
655
427
1,097
654
423
1,139
676
442
1,107
653
430
1,080
639
422
1,068
627
'416
1,053
614
414
1,044
607
415
4,409
3,121
1,168
4,241
3,025
1,110
4,216
3,019
1,088
4,145
2,949
1,092
4,139
3,020
1,018
4,180
3,046
1,016
4,140
3,023
999
4, 246
3,114
1,008
4,589
3,387
1,078
4,649
3,439
• 1,085
4,662
3,473
1,080
4, 561
3,351
1,099
13,037 21, 258
2 893
9,262
3,517
2 337
1,068
661
386
1,139
676
442
3,757
2,500
1,161
4,140
3,023
COTTON
Cotton (exclusive of linters):
Production:
GinningsA
.
thous. running bales.. .15,149
Crop estimate, equivalent 500-lb. bales
thous. bales__ 15,182
Consumption...
_______.__do
8,940
Stocks in the United States, total, end of period
thous. bales. _ 21,929
Domestic cotton, total
do
21,817
On farms and in t r a n s i t . . . .
do
1, 655
Public storage and compresses
do
18,706
Consuming establishments.....
_ _ _do
1,456
Foreign cotton, total
do
112
14,916
14,956
9,296
922 • 3,654 ' 8,916 11, 709 '312,696 '414,474
10
610,820
733
742
751
2 831
753
28,401
28,306
14, 620
12, 512
1,174
95
27,366 26,301
27, 265 26,202
12,157
7,544
14.037 17,457
1,071
1,201
101
25,056
24,956
4,915
18,632
1,409
100
23,757
23,652
2,505
19,619
1,528
105
22,617
22,516
1,130
19,741
1,645
101
2 897 H0,820
23, 757 15,156
23, 652 15,082
427
2.505
19, 619 13,056
1,599
1,528
74
105
14,290
14, 223
230
12, 521
1,472
67
' Revised. * Beginning Jan. 1965, excludesfinishedcement used in the manufacture of prepared masonry cement (2,734 thous. bbls. in 1964); annual totals include revisions not distributed
2 to the months.
Data cover 5 weeks; other months, 4 weeks. 3 Ginnings to Dec. 13. 4 Ginnings
to Jan. 15. 6 See note "dV' 6 Aug. 1 estimate of 1966 crop.
tBeginning 1964, data are not strictly comparable with figures for earlier periods because of
revised fabric classifications and the inclusion of manmade fiber drapery fabrics.
9 Includes data not shown separately.
10
14,916
2
947
758
21, 692 20,413
21, 596 20,323
131
698
19,188 18,381
1,811
1,710
90
19,542
19,460
354
17,360
1,746
82
753
2 953
18,629
18, 553
377
16, 524
1,652
76
17,467
17,396
147
15,761
1,488
71
cf Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stocks
cover additional manmade fiber fabrics not previously included.
ifUnfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting,
toweling, and blanketing.
ATotal ginnings to end of month indicated, except as noted.
CUKKENT BUSINESS
August 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1964
Annual
S-39
1966
1965
June
July
Aug.
Sept.
Oct.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
TEXTILE PRODUCTS—Continued
COTTON—Continued
Cotton (exclusive of linters)—Continued
5,241
Exports
-___
thous. bales.
118
Imports
_
do.-..
Prices (farm), American upland.___cents per lb_. •i 29.6
Prices, middling 1", avg. 15 markets
____do
130.7
Cotton linters:
Consumption
thous
1,396
Production
do
1,572
Stocks, end of period
_.do.
709
COTTON MANUFACTURES
Spindle activity (cotton system spindles):
Active spindles, last working day, total
mil..
Consuming 100 percent cotton
do___.
Spindle hours operated, all fibers, totalbil__
Average per working day
___-do.-_Consuming 100 percent cotton
__
do____
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2, carded, weaving§
$perlb._
36/2, combed, knitting§
.do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. lin. yd-Orders, unfilled, end of period, as compared with
avg. weekly production____No. weeks' prod..
Inventories, end of period, as compared with
avg. weekly production.-No. weeks' prod-Ratio of stocks to unfilled orders (at cotton
mills) end of period, seasonally adjusted
Mill margins. _
cents perlb..
Prices, wholesale:
Denim, mill
finished..-.
cents per yd..
Print cloth, 39 inch, 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48._ .do
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
mil. lb_.
Filament yarn (rayon and acetate)
do_._.
Staple, incl. tow (rayon)
do....
Noncellulosic, except textile glass:
Yarn and monofilaments*
do_._.
Staple, incl. tow*
do
Textile glass
fiber.
do....
Exports:
Yarns and monofilaments
thous. lb_.
Staple, tow, and tops
do
Imports:
Yarns and monofilaments
do....
Staple, tow, and tops__
_-._
do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
.mil. lb_.
Staple, incl. tow (rayon)
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments*
do
Staple, incl. tow*
.__
......do
Textile glass
fiber
.do
Prices, manmade fibers, f.o.b. producing plant:
Staple: Rayon (viscose), 1.5 denier
.1$ per lb..
Polyester, 1.5 denier*
do
Yarn: Rayon (viscose), 150 denier
do
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total 9
mil. lin. yd-Filament yarn (100%) fabrics?-—
do....
Chiefly rayon and/or acetate fabrics. __.do
Chiefly nylon fabrics
do
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd__
Rayon and/or acetate fabrics and blends
do.___
Polyester blends with cotton...
do
Combinations of filament and spun yarn fabrics
mil. lin. yd__
Exports, piece goods
thous. sq. yd..
WOOL
Wool consumption, mill (clean basis): .
Apparel class
mil. lb_.
Carpet class
.
do....
Wool imports,dean yield*
______do
Duty-free (carpet class)*....
do...
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine...
/-•—_$ per lb._
Graded fleece, % blood..
i
do
Australian, 64s, 70s, good topmaking
do.
3,795
99
«28.0
«29.6
398
2
30.1
30.9
1,406
1,635
735
18.7
15.3
124. 6
.471
103. 6
.630
.892
3
30.0
30.7
117
53
28.9
30.0
226
3
29.5
29.7
304
6
29.4
29.7
370
1
29.0
29.6
447
15
27.9
29.5
278
16
26.6
29.5
254
6
26.6
29.5
2 133
71
715
53
671
106
44
605
2 138
123
572
119
188
641
110
200
680
2 131
190
735
118
193
••776
116
179
811
18.9
14.7
128.0
.493
102.9
18.7
15.0
2 12.3
.492
2 9.8
18.8
15.0
8.3
.417
6.7
18.9
15.1
10.1
.506
8.1
19.0
15.0
2 12.3
.493
2 9.8
19.0
15.0
10.3
.517
8.2
19.1
15.0
10.4
.522
8.3
18.9
14.7
2 11.8
.470
2 9.3
18.9
14.7
10.4
.522
8.2
.629
.891
.627
.885
.632
.632
.637
.900
.637
. 903
.642
.910
.642
.916
177
6
28.5
29.5
214
1
28.5
29.6
176
4
29.1
29.6
2 143
168
123
113
848
120
'87
'804
2 138
59
711
18.8
14.6
10. 5
.525
8.2
19.2
14.7
2 13.0
.518
2 10.0
19.2
14.7
10.5
.525
8.0
19.3
14.7
10.7
.536
8.2
.647
.926
.652
.934
.652
.657
'.939
.667
.946
p. 667
p. 956
2
2
2,374
20.3
19.5
24.2
18.8
18.6
18.7
19.0
20.3
19.9
21.7
21.8
22.6
22.6
21.7
5.2
4.5
4.1
5.1
4.0
4.1
4.0
4.1
4.5
4.1
4.0
3.7
3.8
3.8
3.8
.30
3 29.49
.23
37.51
.20
.21
.21
.21
.22
.23
37.49
37.97
3 38.31
38.57
38.62
.23
38.58
38.77
38.78
38.77
38.58
38.71
38.72
38.72
<16.5
17.4
34.9
18.6
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.6
34.9
18.8
18.0
35.6
18.8
18.0
36.2
18.8
18.0
P36.2
P18.8
P18.0
3,018.0
777.5
594.3
3,532. 2
825.0
648.0
880.5
207.9
164.2
905.0
210.5
162.0
910.7
203.3
156.4
938.2
201.7
167.0
5 65.4
•»55.6
s 68.0
5 59.4
»66.0
«58.0
847.6
559.1
239.5
997.7
779.2
282.3
246.8
191.9
69.7
251.7
209.7
71.1
260.5
214.4
76.1
271.4
220.2
77.9
6
2,310
2,189
99,923 10,071
» 50, 763 4,976
8,081
2,840
8,189
8,282
4,034
7,516
3,058
8,821
3,404
4,856
7,737
4,173
9,114
4,204
10,029
6,181
8, 509
4,902
9,209
5,506
8,262
5,104
9,202
133,695
130,108
1,564
9,505
1,023
9,689
1,114
13,412
1,313
12,670
1,198
12,507
1,610
12,537
1,989
13,859
1,421
18,130
810
10,700
1,094
16, 247
1,132
21,488
1,752
13,654
1,795
13,825
32.6
51.3
34.5
60.6
40.1
55.8
46.3
73.0
52.9
71.1
55.3
68.5
55.6
60.3
55.8
61.6
58.7
61.1
56.7
60.1
53.9
58.8
53.5
'57.6
'53.5
55.3
54.9
76.9
57.5
36.8
109.3
96.7
32.2
57.0
33.7
.28
.98
.78
.28
.85
.84
.78
109.1
73.8
37.0
.28
.84
.28
.84
.28
.84
109.3
.7
32.2
.28
.84
.80
.84
.28
.84
.80
3, 545. 4 3,926. 2
1, 583.1 1, 640. 6
852.2
855.8
283.1
981.1
416.7
219.6
77.2
398.4
209.1
74.0
1,011.5
408.3
205. 5
76.0
1,260.4
1, 534. 6
374.4
379.1
419.6
665.6
456.8
643.3
713. 5
162.0
171.9
152.4
179.7
154.5
210.7
472.4
519.4
185, 263 « 167,083
!8.75
112.9
24.5
.28
.84
.80
.28
.84
.80
.28
.84
• 28
.84
.80
p. 28
p. 84
131.3
13,494
11,148
11,910
127.3
13,869
14,839
14,953
123.8
15, 798
12,912
33, 711
16,413
14,600
13,958
14, 222
233.9
122.7
212.3
113.9
274.7
112.3
271.6
108.9
2 27.3
2 10.8
23.0
10.5
19.5
6.5
22.5
11.7
23.2
8.7
25.5
11.1
2 27.1
2 10.9
25.9
10.3
22.6
9.4
23.8
12.0
21.1
9.3
21.1
6.8
2 25.6
2 10.1
21.1
7.4
23.4
9.0
28.1
9.1
23.3
9.1
24.0
7.0
2 29.3
2 11.3
33.0
10.8
23.4
8.5
26.9
9.5
23.0
8.5
23.1
8.3
25.7
11.4
1.397
1.286
1.389
1.249
1.192
1.156
1.195
1.155
1.075
1.218
1.172
1.100
1.265
1.220
1. 225
1.275
1.253
1.225
1.275
1. 255
1. 225
1.279
1.235
1.225
1.280
1.235
1.225
1.280
1.235
1.225
1.291
1.229
1.225
1.325
1.225
1.235
1.350
1.225
1.275
1.375
1.225
1. 275
1.375
1.183
1.275
109.0
109.0
109.0
108.4
109.6
109.6
110.2
110.2
109.1
109.7
66.8
29.1
9.9
9,238
116,473
56,411
29.!
19.3
14.8
12. 9
.515
18.2
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
109.0
106.7
107.1
system, wholesale price
1957-59=100._
107.9
107.8
Woolen and worsted woven goods, exc. felts:
Production (qtrly.)
mil. lin. yd..
73.4
255.2
267.3
Suiting, price (wholesale), flannel, men's and
101.7
101.7
101.7
boys', f.o.b. mill
__ 1957-59=100.
95.9
100.2
r
2
Revised.
p Preliminary.
1 Season average.
F o r 5 weeks, other months, 4 weeks,
s Margins reflect equalization payments to domestic users (Aug. 1964-July 1965, 6.5 cents;
Aug. 1965, 5.75 cents per
pound).
« For 11 months; price not available for Sept.
m beginning
5
6
1964.
For month shown.
See "O»" P- S-21.
« Season average to Apr. 1,1966.
§ Data beginning Aug. 1965 for knitting yarn and May 1966 for weaving yarn are not strictly
comparable with earlier prices.
236
27.9
29.5
1.395
1.175
1.275
61.2
102.4
102.4
102. 7
102.4
102.4
102.7
102.7
102.7
102.7
9 Includes data not shown separately.
*New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.
Agriculture from Bureau of the Census records (such imports exclude animal hairs). Data
are available as follows: Price, back to 1955; noncellulosic yarn and staple—production to
1951; stocks, to 1953; wool imports to 1948.
102.4
SURVEY
S-40
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of B U S I N E S S S T A T I S T I C S
1964
|
CURRENT BUSINESS
1965
Annual
August 1966
1965
June
July
Aug.
Sept.
1966
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
18, 230
July
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery, shipments
Men's apparel, cuttings:t
Tailored garments:
SuitsOvercoats and topcoats
thous. doz. pairs.
189,534
194.753
17, 289
16,120
17,105
17,620
18,764
16,620
15,445
15,015
16,033
18,299
16,003
15,491
thous. units.
do._.
20,343
3,956
22,419
4,436
1,995
485
1,181
321
1,858
447
1,897
417
2.059
449
2,021
359
1,731
358
1,766
274
1,787
245
' 2,123
301
1,848
351
1,811
350
Coats (separate), dress and sport
do__.
Trousers (separate), dress and sport
do__.
Shirts (woven fabrics), dress and sport
thous. doz.
Work clothing:
Dungarees and waistband overalls
__do__.
Shirts
-do__.
10,830
128,378
12,492
139,009
1,099
12,465
661
10,214
1,062
11,937
1,015
12, 476
1.101
12.309
1,138
10,983
1,157
10,461
1,161
11,295
1,123
11,116
' 1, 290
13, 569
1,214
12,763
1,148
12,847
26,946
30,321
2,499
1,894
2,439
2,542
2.641
2,735
2,519
2,331
2,406
' 2,749
2,446
2, 369
4.861
3,749
4,867
3,949
436
331
356
261
.410
355
465
322
485
361
409
334
394
339
435
341
436
351
485
406
471
452
350
23,708
271,214
12.235
' 25,620
274, 541
11,736
2,354
24,311
903
2,301
19,086
988
2,437
21,932
904
2,350
20,660
975
2,794
21, 591
1,035
2,637
20,140
1,003
1,788 '2,041
19,032 ' 19,810
'885
953
2,243
23,323
1,001
18,493
7,919
16,869
9,906
1,445
933
1,284
1,001
1,291
915
1,305
866
1,489
905
1,323
655
Women's, misses', juniors' outerwear, cuttings:!
Coats
thous. units
Dresses
do._
Suits
do__.
Blouses, waists, and shirts
Skirts.—
___
—
thous. doz
do__
'1,300
'773
1,365
805
160.6
3,186
49.5
172.7
3,596
31.7
169.1
3,400
47.0
186.8
' 3,797
68.8
198.3
4,265
61.8
224.8
4,793
41.3
, 043.0
, 006. 7
883.8
861.3
159.2
145.4
950.1
921.1
798.0
780.4
152.1
140.7
917. 6 1,089.8
889.9 1,061. 5
766.3
919.8
748.8
902.0
151.3
170.1
141.1
159. 5
963.2
935.5
811.0
793.9
152.3
141.6
921.1
787.8
771.2
161.0
149.9
1,197
561
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
mil. $.
U.S. Government
do
Prime contract
do
Sales (net), receipts or billings, qtrly. total---do—
U.S. Government
do
17, 970
13,516
16,282
16, 686
12,815
22,183
14,571
20,101
17,016
12,535
Backlog of orders, end of period 9
do
U.S. Government
do
Aircraft (complete) and parts
do—
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil. $-.
Other related operations (conversions, modifications), products, services
mil. $_.
15,218
11, 658
6,276
1, 527
20,385
13, 696
4, 558
1,418
1,066.1
do
thous. lb_. 22,905
mil. $_. 287.2
Aircraft (civilian): Shipments©
Airframe weight©
Exports
4,
4,206
3,081
6,091
3,861
5,572
4,133
3,017
6,292
4,452
5, 599
4,627
3,426
2,503
16,762
11,824
7,056
1,771
18,720
12,669
8,506
1,948
20, 385
13, 696
8,885
2,503
5, 480
4,725
4,867
5,480
1,856
1,568
1,681
1, 592. 0
32, 200
473.0
119.1
2,472
23.2
130.8
2,562
24.1
145.2
2,866
61.1
148.4
2,682
57.9
11.057.4
10.716. 6
9.305.6
9,100. 7
1.751. 8
1,615.9
, 058.6
,034.3
894.0
880.9
164.5
153.4
880.1
863.8
754.0
745.6
126.1
118.2
444.7
433.9
333.0
330.4
111.7
103.5
592.0
567. 4
452.9
438.5
139.0
129.0
166.31 3105. 03
10.40 i 10. 42
146. 83 3 59. 67
5.92
15.77
5.70
i 7.29
5.66
.95
4.59
.54
.48
1.02
4.58
.54
.72
1.28
.87
5.10
57
.54
6.87
.85
4.75
.46
.45
13.16
.83
5.58
.50
41
15.68
.95
4.28
.48
15.45
1.07
7.95
.45
.96
10.81
1.21
6.12
.63
.75
9.95
1.17
6.65
13.29
1.38
7.11
.65
1.44
10.37
1.07
6.08
.65
.87
9.92
1.21
6.36
.56
.95
7.49
1.12
7.27
.70
1.07
80.77
.38
4.06
5,106
1,856
111.2
2,508
17.7
163.6
3,195
47.1
52.2
MOTOR VEHICLES
s, total
Domestic
Passenger cars, total Domestic
Trucks and buses, total
Domestic
__
thous__
do
do
do
do
do
Exports:
Passenger cars (new), assembled
do___
Passenger cars (used)
do
Trucks and buses (new), assembled
do__.
Trucks and buses (used)
do
Truck and bus bodies for assembly*...
.do
Imports:
Passenger cars (new), complete units
do___
Passenger cars (used)—..
do__.
Trueks and buses, complete units.
__do___
Shipments, truck trailers:
Complete trailers and chassis
numberVans
do
Trailer bodies, chassis, sold separately
do.__
Registrations:©
New passenger cars
thous.
Foreigncars
do___
New commercial cars (trucks)
do. __
9.292.3
8,931.5
7,751.8
7, 554.1
1,540.5
1.377.4
, 010. 2 1,058.1
967.9 1,015. 6
908.5
855.6
878.7
825.4
149.6
154.6
136.9
142.5
2 999.3
2 596. 4
2 821. 5 2 461.6
"2~l77.~8~
515. 70
10.89
6.01
559. 43
8.00
7.60
51.19
.13
46.06
.14
.26
18.94
.21
.13
45.84
.80
.46
55. 68
1.30
.57
59.28
1.04
2.20
54.90
1.39
.95
64.63
1.01
2.66
57.14
.46
2.13
77.26
.58
2.68
49.41
.47
1.47
74.06
.57
2.22
86,938
51,836
7,794
103, 756
65,909
14, 653
9,134
5,544
1,156
8,174
5.261
1,593
8,752
5,627
1,146
8,649
5,533
1,849
8,760
5,716
2,402
8,363
5,684
2,469
9,062
6,060
2,021
8, 503
5,674
1,488
8,489
5,593
1,621
11,546
7,572
2,263
10,968
7,018
'975
10,170
6,685
1,895
8,065.2
484.1
1,361.8
9.313.9
569.4
1,528.9
841.5
49.3
135.2
833.6
52.0
136.4
766.7
54.3
129.7
589.5
51.7
122.6
745.8
52.1
133.1
793.9
47.3
122.5
908.7
57.1
147.7
37.0
109.2
721.6
48.8
129.0
878.8
59.7
143.4
822.6
55.6
148.6
777.2
50.6
144.0
752.5
52.6
137.4
6,262
4,550
1,712
8,054
6,009
2,045
7,262
5,689
1,573
7,500
5,473
2, 027
7,508
5,307
2,201
12,566 '11,244 12,220
11,064 ' 9, 229 7,957
1,502
4,263
2,015
' 9, 520
' 8,818
'702
5,208
1,130
51, 760 54,721
39,878 42,905
11, 882 11,8l6
59,652
45, 219
14, 433
61, 596
48, 478
13,118
60, 378
48, 341
12, 037
0
20
0
70
0
70
41, 484
4.9
5.0
1,487
4.9
4 89. 00
4 59.97
89.30
60.08
89. 57
60.23
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
numberdo
..__do__-
69,074
45,360
23, 714
77,880
53,376
24.504
6,813
4,659
2,154
5,784
3,739
2,045
5,034
3,583
1,451
6,345
4,429
1,916
7,112
4,883
2,229
4,598
2,385
8,894
6,512
2,382
7,725
5,297
2,428
New orders
Equipment manufacturers, total
Railroad shops, domestic.-
do
do_._
do__.
71,072
44,627
26, 445
88,218
65,547
22, 671
8,555
7,971
584
6,330
5,586
744
8,800
6,187
2,613
7,821
6,441
1,380
6,429
5,691
738
7,661
5,606
2,055
9,997
5,838
4,159
8,384
5,830
2,554
Unfilled orders, end of period—_.
Equipment manufacturers, total
Railroad shops, domestic
do_
do.
do.
32,949
18,972
13,977
45.266
32.873
12,393
36, 744 37, 293 40,832
23,982 25, 832 28,209
12, 762 11,461 12, 623
42,373
30,291
12,082
41, 735 42, 736 45,266
31,140 32,471 32,873
10, 595 10, 265 12,393
46,004
33,644
12,360
254
191
201
14
22
62
10
52
13
1,495
5.9
* 1, 481
5.3
1,492
5.7
1,491
5.8
87.00
58.18
4 88. 20
4 59.58
87.92
58.93
88 05
59.05
Passenger cars: Shipments
do.__
Unfilled orders, end of per_.-do__.
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous.
Held for repairs, % of total owned
Capacity (carrying), aggregate, end of period*
mil. tons.
Average per car
tons_
2
'3 Revised.
* See note " O " for p. S-21.
Preliminary estimate of production.
Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles.
4
See note " § . "
t Monthly revisions for 1963-64 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
30
0
10
3
7
7
14
0
14
0
20
1,489
5.8
1,488
5.8
1,487
5.7
5.6
41, 481
5.3
1,479
5.3
1,480
5.4
88.09
59.16
88.20
59.27
88.32
59.38
88.30
88.50
59. 78
88. 48 4 88. 20
59. 45 4 59. 58
0
20
5.0
88. 70
59.90
*New series. Monthly data prior to 1965 are available upon request.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars. Effective Apr.
1966, data include cars owned by three class I I roads (over 2,600 cars end of Apr. 1966). Also,
change in definition of class I railroads, as stated in 1965 BUSINESS STATISTICS note, is reflected
in figures beginning Dec. 1965, instead of J a n . 1965.
TO CURRENT BUSINESS STATISTICS, Pages SI-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
Employment and population
Finance
Foreign trade of the United States..
Transportation and communications
1-7
7,8
9,10
10-12
12-16
16-21
21-23
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
25
26
26-30
30, 31
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
32-34
35,36
36f 37
Rubber and rubber products
Stone, clay, and glass products. . . .;
Textile products
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10,11,16
Aerospace vehicles
40
Agricultural loans
16
Air carrier operations
23
Aircraft and parts
3, 6,13-15,40
Alcohol, denatured and ethyl
25
Alcoholic beverages
8,10,26
Aluminum.
,
23,33
Apparel
1,3,4, 7,8,10-15, 40
Asphalt and tar products
35,36
Automobiles, etc
1,3-8,10,11,13-15,19,22,40
Balance of international payments
2
Banking
16,17
Barley
27
Barrels and drums
,
33
Battery shipments
34
Beef and veal
28
Beverages
4,8,10, 26
Blast furnaces, steel works etc
5,6,13-15
Bonds, outstanding, issued, prices, sales, yields
18-20
Brass and bronze
33
Brick
38
Broker's balances
20
Building and construction materials
8,10, 31,36,38
Building costs
9,10
Building permits
9
Business incorporations (new), failures
7
Business sales and inventories
4,5
Butter
27
Cans (tinplate)
33
Carloadings
24
Cattle and calves
28
Cement and concrete products
.'
8-10,38
Cereal and bakery products
8
Chain-store sales, firms with 4 or more and 11 or
more stores
12
Cheese
27
Chemicals
4-6,8,13-15,19,22, 25
Cigarettes and cigars
8, 30
Civilian employees, Federal
14
Clay products
. 8,38
Coal
4,8,13-15,22,24,35
Cocoa
23,29
Coffee
23,29
Coke
24, 35
Communications
2,13-15,20,24
Confectionery, sales
29
Construction:
Contracts
9
Costs
9*10
Employment hours, earnings, wages
13-16
Fixed investment, structures
1
Highways and roads
9,10
Housing starts
9
New construction put in place
9
Consumer credit.
17,18
Consumer expenditures
1
Consumer goods output, index
3,4
Consumer price index
7
Copper
23, 33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7,8,22,38,39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17,18
Crops
3, 7,27, 28,30,38
Crude oil and natural gas
4,13-15,35
Currency in circulation
19
Dairy products.
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields. . . . . . .
Drug stores, sales
3,7,27
16
18
11,12,17
16,17,19
16
26
2,3,18-21
11,12
Earnings, weekly and hourly
14-16
Eating and drinking places
11,12
Eggs and poultry
3,7,29
Electric power
4,8,26
Electrical machinery and equipment
3,
5,6,8,13-15* 19,22,34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives.
25
Exports (see also individual commodities).... 1,2,21-23
Express operations
23
Failures, industrial and commercial
7
Fans and blowers
34
Farm income, marketings, and prices...
2,3,7
Farm wages
16
Fats and oils
8,22,29,30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers
8,25
Fire losses.
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4-8,10,11,13-15,19,22, 23,27-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)
21-23
Foundry equipment
34
Freight carloadings
24
Freight cars (equipment)
4,40
Fruits and vegetables
7,8,22
Fuel oil
35,36
Fuels
4,8,35, 36
Furnaces
34>
Furniture
3,4,8,11-15,17
Furs
23
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
4,8,26
1, 35,36
38
25
19
7,8,22,24,27,28
11,12
1
1
8,38
Hardware stores
11
Heating equipment
8,34
Hides and skins
8,30
Highways and roads
9,10
Hogs
28
Home Loan banks, outstanding advances
10
Home mortgages
10
Hosiery
40
Hotels
14,15,24
Hours of work per week
14
Housefurnishings
1,4, 7,8,10-12
Household appliances and radios
4 , 8 , 1 1 , 34
Housing starts and permits
9
Imports (see also individual commodities)
1,22,23
Income, personal
2, 3
Income and employment tax receipts
18
Industrial production indexes:
By industry.
3,4
By market grouping
3, 4
Installment credit
12,17,18
Installment sales, department stores
12
Instruments and related products
3, 5,13-15
Insurance, life
18,19
Interest and money rates
17
Inventories, manufacturers' and trade
4-6,11,12
Inventory-sales ratios
5
Iron and steel
3, 5,6,8,10,13-15,19,22, 23,32,33
Labor advertising index, disputes, turnover
16
Labor force
12
Lamb and mutton
28
Lard
28
Lead
33
Leather and products
3,8,13-15, 30,31
Life insurance
18,19
Linseed oil
30
Livestock
3, 7,8,24,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10,16,17,20
Lubricants
35,36
Lumber and products
3,8,10-15,19,31
Machine toools
34
Machinery
3, 5,6,8,13-15,19,22,34
Mail order houses, sales
11
Manmade fibers and manufactures
8, 39
Manufacturers' sales (or shipments), inventories,
orders
4-6
Manufacturing employment, production workers,
payrolls, hours, earnings.
13-15
Manufacturing production indexes
3,4
Margarine
29
Meat animals and meats
3, 7,8,22,28
Medical and personal care
7
Metals
3-6,8,13-15,19,22,23, 32-34
Milk
27
Mining and minerals
2-4,8,13-15,19,20
Monetary statistics
19
Money supply
19
Mortgage applications, loans, rates
10,16,17
Motor carriers
23,24
Motor vehicles
1,3-8,10,11,13-15,19,22,40
Motors and generators
34
National defense expenditures
1,18
National income and product
1,2
National parks, visits.
24
Newsprint
,
23,37
New York Stock Exchange, selected data
20,21
Nonferrous metals
3,8,19,23,33,34
Noninstallment credit
17,18
Oats
Oil burners
Oils and fats
,
Orders, new and unfilled, manufactures'
Ordnance
27
".
34
8,22,29,30
6
13-15
Paint and paint materials.
Panama Canal traffic
Paper and products and pulp
8,25
24
3,
5,6,8,13-15,19,23,36,37
Parity ratio
7
Passports issued,
24
Payrolls, indexes.
14
Personal consumption expenditures
1
Personal income
2,3
Personal outlays
2
Petroleum and products
4-6,
8,11,13-15,19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2,20
Plastics and resin materials
25
Population
12
Pork
28
Postal savings
17
Poultry and eggs
3, 7,29
Prices (see also individual commodities)
7,8
Printing and publishing
4,13-15
Profits, corporate.
2,19
Public utilities
2-4,7-9,13-15,18-21
Pullman Company
,
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
Radiators and convectors
34
Radio and television
4,8,10, 11,34
Railroads
2,13,14,16,18,20,21, 24,40
Railways (local) and bus lines
13 -15,23
Rayon and acetate
39
Real estate
10, 17,18
Receipts, U.S. Government.
18
Recreation
7
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
4,5,7,11-15, 17,18
Rice
27
Roofing and siding, asphalt
36
Rubber and products (incl. plastics)
4-6,
8,13-15, 23,37
Saving, personal
Savings deposits
Securities issued
Security markets
Services
,
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel ingots and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stone, clay, glass products
Stoves and ranges
Sugar
Sulfur.
Sulfuric acid
Superphosphate
2
17
19,20
20,21
1,7, 13-15
28
8,11, 12,31
19
30
39
32,33
32
20,21
3-5,8,13-15, 19,38
34
23,29
25
25
25
Tea imports
29
Telephone, telegraph, cable, and radiotelegraph
carriers
13-15,24
Television and radio
4,8,10,11,34
Textiles and products
3, 5,6,8,13-15,19,22,38-40
Tin
23,33
Tires and inner tubes
8,11,12, 37
Tobacco and manufactures
4-8,10,13-15,22,30
Tractors
22,34
Trade (retail and whoelsale)
4, 5,11,12
Transit lines, local
23
Transportation
1,2,7,13-15,23, 24
Transportation equipment
3-6,13-15,19, 40
Travel
23,24
Truck trailers
40
Trucks (industrial and other)
34, 40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
12,16
16-18, 20
finance
18
2-4,9,13-15,18-21,26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
34
11,12
30
7,8,22
,....
24
16,18
Wages and salaries
Washers and driers
Water heaters
Waterway traffic
Wheat and wheat
Wholesale price indexes
Wholesale trade.
Wood pulp
Wool and wool manufactures
2,3,14-16
34
34
24
28
8
4, 5, 7,13-15
36
7,8,23,39
Zinc
flour
33,34
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U. S. GOVERNMENT PRINTING OFFICE
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GOVERNMENT PRINTING OFFICE
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ICIAL
2O4O2
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All Eight Volumes o f . . .
GROWTH PATTERNS
IN EMPLOYMENT
BY COUNTY,
1940-1950 and 1950-1960
These eight volumes deal with employment and changes in employment for the counties and States of the eight major regions of the United States. The change i n e m ployment for each county is shown with the amount by which it exceeds or falls short
of the national average separated into industrial mix and regional share components.
The influence of each of 32 industries on these employment changes is statistically
detailed.
Prices:
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Volume 2
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