Full text of Survey of Current Business : December 1958
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DECEMBER 1958
INT
U. S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SUKVEY
€JF
CUIIIIEMT
BUSINESS
U. S. DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
321 Post Office Bldg.
Tel. 7-0311
No. 12
DECEMBER 1958
Atlanta 3, Ga.
66 Liickie St. NW.
JAckson 2-4121
Boston 9, Mass.
U. S. Post Office and
Courthouse Bldg.
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Buffalo 3, N. Y.
117 Ellicott St.
MAclison 4216
THE BUSINESS SITUATION
PAGE
Summary
,
....................
1
Business Capital Investment in Early 1959..............
2
Third Quarter Balance of Payments ............*.......
5
*
,
if
Charleston 4, S, C.
Area 2,
Sergeant Jasper Bldg.
Tel. 2-7771
Cheyenne, Wyo.
207 Majestic Bldg.
Tel. 8-8931
Chicago 6, III.
226 W. Jackson Blvd.
ANdover 3-3600
*
Cincinnati 2, Ohio
36 E. 4th St.
D Unbar 1-2200
SPECIAL ARTICLES
Real National Output by Quarters—
A New Major Economic Indicator
Nature of New Quarterly Data.
.,..».,,,
10
... 12
Foreign Trade and the Business Adjustment............
16
Exports and Domestic Production.................. 19
Import Value Near Record
*
*
20
,. .Inside back cover
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Miami 32, Fla.
300 NE. First Are.
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New Orleans 12, La.
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*
MONTHLY BUSINESS STATISTICS...... S-l to S-40
Statistical Index
Cleveland 1, Ohio
E.6 th St. & Superior Ave.
C Berry 1-7900
Memphis 3, Tenn.
22 North Front St.
JAckson 6-3426
Richmond 19, Va.
llth and Main St.
Milton 4-9471
Greensboro. N. C.
407 U. S. Post Office
St. Louis 1, Mo.
1114 Market St.
MAinl-8100
IS ld«.
Tel. 3-8231
Houston 2, Tex.
405 Main St.
CApito!2 7201
Salt Lake City 1, Utah
222 SW. Temple St.
EMpire 4-2552
Jacksonville 1, Fla.
311 W. Monroe St.
ELjjin-1-7111
San Francisco 11, Calif.
555 Battery St.
YUkon6~3111
Kansas City 6, Mo.
911 Walnut St.
BAlrimore 1-7000
Savannah, Ga.
125-29 Bull St.
ADams 2-4755
Los Angeles 15, Calif.
1031 S. Broadway
Richmond 9-1711
Seattle 4, Wash.
909 Firxt Ave.
MUtual 2-3300
DECEMBER 1958
By the Office of Business Economics
E<
Business Investment Programs
Plant and equipment expenditure schedules
indicate firming
Billion D o l l a r s
10 -
1956
1957
1958
'59
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
Index, 3rd qtr. 1957 = 100
jCONOMIC activity expanded further in the final quarter
of 1958. In the October-November period, the broad
business indicators such as personal income, employment,
and retail sales were above their respective third quarter
rates after allowance for seasonal influences.
Reflecting the continuing advance in sales and orders and a
better balance between output and consumption, the inventory liquidation which had been in progress for over a
year came to a virtual halt during the quarter.
The fact that production rates were about equal to consumption is also brought out by the use of OBE's new quarterly economic indicator representing the real volume of
output (gross national product in constant dollars) shown
later in this issue. Since the spring quarter, total real output
and final demand were progressively coming closer together,
and the developments so far in the fourth quarter suggest a
near equality for these series. Furthermore, overall prices
(GNP basis) have shown little change from the spring
quarter so that the movements of output and final demand
have been approximately the same in real terms and in
current dollars.
Personal income in November advanced to an annual rate
of $360 billion, up $2K billion from October. This rise
reflected primarily the improved employment situation in
the durable-goods manufacturing industries, particularly
the expansion of production in the auto industry after the
strike-engendered irregularity.
no r
Retail trade up
100
Commercial & Other
Public Utilities
TOTAl
Manufacturing &
Mining
70 -
Transportation
60 -
J
50
3rd qtr.
3rd qtr,
1958
1957
1st qtr.
1959
(Anticipated)
SEASONALLY ADJUSTED
OOfOi SEC a QBE
U. S, Department of Commerce, Office of Business Economic}
490082 °-—58——1
68-21-!
With a peak rate of flow of purchasing power, retail sales
have advanced. In the first two months of the fourth
quarter, sales of retail stores showed an appreciable rise over
the third quarter rate, with increases being most marked in
the durable-goods lines. This was in contrast to the pattern
in the earlier months of this year when changes in durablegoods sales were small. Automobile sales are up with output, but the 1959 models have not yet been available to the
extent necessar}^ to provide a real guide to the basic demand.
Furniture and appliance stores advanced 3 percent from the
summer quarter, reflecting in part a pickup in housing activity.
In contrast to the noticeable improvement in the durables,
nondurable-goods stores sales increased only a little. The
rise in retail sales has reflected mostly increases in physical
volume as prices have shown small fluctuations in recent
months.
The latest Commerce-SEC survey of fixed capital investment programs indicates little change for the current quarter
and immediate future in this important segment of demand.
(See chart.) Results of this survey are detailed in a following
part of this review.
SURVEY OF CURRENT BUSINESS
A feature of November labor developments was the rise
in employment in durable-goods factories, largely at automobile plants. Additional workers were recalled and overtime increased work at several plants. Elsewhere changes
were small. On a seasonally adjusted basis, total nonagricultural employment at 50.8 million was up 200,000 from the
preceding month (175,000 being concentrated in transportation equipment), but was 1 million below a year earlier.
The recent advance in manufacturers' sales and new
orders has also been centered in automobiles and related
groups, but with some increase in home appliances and
machinery. Elsewhere, rather limited increases have occurred in the last several months. New orders have recently
been about equal to sales.
December 1958
Industrial production rose in November. Steel operations
leveled off at about 75 percent of rated capacity after rising
almost continuously since last April. In other industries
aside from autos, changes were not pronounced.
Total government demand for goods and services has
continued to increase in the current quarter following the
pattern of growth which was only temporarily halted by
the decline in the third quarter of 1957. Increased outlays
by the Federal Government have resulted from the pricesupport operations of the Commodity Credit Corporation
and to a lesser degree from those for national defense. State
and local governments have also increased their outlays for
goods and services.
Business Capital Investment in Early 1959
_F IXED investment outlays scheduled by business for
the first quarter of 1959 are expected to approximate the
same average rate that prevailed during 1958. This would
represent a small increase over the rate of spending in the
second half of this year.
According to figures submitted by business between late
October and early December, businessmen anticipate their
expenditures on new plant and equipment to be at a seasonally adjusted annual rate of $30% billion in the first 3 months
of next year, as compared with a present anticipation of $30
billion for the final quarter of this year and a currently reported actual outlay of about $29% billion in the third quarter.
The figures for the last two quarters of 1958 are downward revisions from the anticipations for these periods reported 3 months ago and represent a continuation of the
pattern of downward adjustments to which attention was
called in the report published in September. As compared
with the programs reported last time, the data for the nonmanufacturing industries as a group are about the same
while those for manufacturing are lower. The overall third
quarter revision, however, was smaller than in any of the
three immediately preceding quarters.
Table 1.—Percent Change in Plant and Equipment Expenditures,
1957 to 1958 and 1958 to First Quarter 1959
Percent Change
| 1958 to
1957 to 1958 i First Quarter 1959 i
Manufacturing _ „
-28
Durable-goods industries
Nondurable-goods industries.
-3
-4
-9
-29
15
M ining
._..._.
Railroads
. ...
Transportation, other than railPublic utilities..
Commercial arid other_
-2
-6
1. Anticipated, seasonally adjusted at annual rates.
Sources: V. S. Department of Commerce, 01 lice of Business Economics, and Securities and
Exchange Commission.
The third quarter expenditure is more than $8 billion
below the rate a year earlier, when the investment boom
reached its peak, but $7% billion of this drop had occurred
by the second quarter.
Spending for the full year 1958—with only the final 3
months based on anticipated figures—totals $30.5 billion,
a reduction of 17 percent from the record dollar outlay in
1957. All of the major groups show decreases as compared
with 1957, ranging from a 2 percent reduction in the case of
public utilities to a decrease of 46 percent by the railroads.
(See table 1.)
The 1958 dollar total has been exceeded only in 1956 and
1957. If a rough adjustment is made for capital goods costs,
however, it would appear that the fixed investment reached
a peak in 1956 and 1957, and that 1958 outlays in real terms
are lower than at any time since 1950, though differences
are not pronounced as compared with 1951, 1952, and 1954.
However, even in this year of downturn, outlays have been
well above replacement needs and additions to capacity have
still been sizable; many major programs undertaken in 1956
and 1957 reached completion some time in 1958.
Manufacturing
investment firmer
The reduction in spending by manufacturing companies
accounts for $4% billion of the $6% billion drop in total
investment from 1957 to 1958. The $11.5 billion tota
spent in 1958 is about the same as was spent in 1955, although
lower in real terms.
The current survey indicates that the very sharp drop in
investment by manufacturing companies that began late in
1957 is about over. The successive quarters of 1958, after
seasonal adjustment, show diminishing rates of decrease,
with a little pickup scheduled for the early part of next
year. As table 1 indicates, planned outlays, after seasonal
adjustment, in the first quarter of the year are about 4
percent lower than the average rate for the full year 1958.
Durable-goods producers have scheduled a slight rise in
spending hi the first quarter of 1959—if realized, the first
rise in a year and a half. Much of the improvement here is
attributable to the planned expenditures of industries that
December
1958
SUKVEY OF CURRENT BUSINESS
have been favorably affected by the rising trend in overall
construction activity this year—stone, clay, and glass;
lumber; and fabricated metals. Manufacturers of transportation equipment also expect a small pickup in their
outlays early next year.
The recovery in activity in primary metals appears to be
responsible for the flattening out in spending by iron and
steel producers and the slight improvement among nonferrous metals companies. In both of these industries investment has fallen quite sharply and first quarter rates
are still well below the rates that prevailed in 1958. Spending by the machinery groups also indicates essentially a
flattening after mid-1958.
Nondurable goods investment stabilizes
There is little change apparent in the seasonally adjusted
rate of investment by nondurable-goods producers as a
group between the second half of 1958 and the first quarter
of 1959. The petroleum industry, which last March expected outlays this year to be down only 10 percent from
1957, now shows a decrease of almost one-third over last
year. The current programs, which were scaled down considerably since the report 3 months ago, indicate a firmer
tone in the first quarter of 1959 as compared with the second
half of 1958. The chemical industry anticipates a somewhat
higher rate of spending over the same period, while the trend
is moderately downward in the case of paper, food, and
textile industries.
$6 billion this year, only slightly less than was spent in 1957.
After seasonal adjustment, expenditures in this group advanced moderately from the first quarter of 1958 to the third
quarter and a further rise is programed through the first
quarter of next year.
The expenditure pattern of the electric group over this
period is essentially stable by quarters, although these
companies have scaled down somewhat investment plans
reported earlier this year. Completions of new generating
plant have been very large in 1958 and new capacity additions are expected to exceed those of any other year. The
gas companies, on the other hand, have revised their earlier
plans upward and are responsible for all of the actual and
projected seasonally adjusted increase in public utility investment between the first quarter of 1958 and the opening
months of 1959.
Manufacturing Plant and Equipment
Expenditures
BILLION DOLLARS
BILLION DOLLARS
4
4
Petroleum
Primary Metals
2
Nonmanufacturing outlays relatively firm
1
Plant and equipment expenditures for nonmanufacturing
industries are currently estimated at $19 billion for 1958;
me arop of 9 percent from 1957 is about one-third as great
as that in manufacturing. Most of the decline, after allowance for seasonal factors, occurred by the first quarter of
this year. The quarterly seasonally adjusted data show a
small rise after the third quarter, and the first quarter of
1959 is slightly higher than the average quarterly rate in
1958.
The component industry' groups exhibit divergent movements. Outlays scheduled for the first quarter of next
year, after seasonal adjustment, are higher than the 1958
average in the case of the nonrail transportation, public
utility, and commercial groups, while mining companies and
railroads will start the year markedly lower than average
1958 rates.
Reflecting sharply curtailed earnings as a result of the
recession and the continued inroads made by nonrail carriers,
investment by the railroads continues to show a downward
trend into the first quarter of 1959. However, a marked
tapering in the rate of decrease is evident in the most recent
anticipations, and the figures for the second half of this year
have held firm as compared with those reported 3 months
ago.
A considerable recovery late this year is evident in the
investment programs of the nonrail transportation companies. Much of this is attributable to the jet aircraft
procurement programs of the airlines; first quarter 1959
plans of these companies are at a record high. Steamship
companies are also increasing their expenditures.
Public utility investment strong
0
3
Motor Vehicles
Chemicals
Electrical Machinery
Paper
2
1
0
2
2
1
1
0
0
2
Machinery
(Except Electrical)
2
Food & Beverages
1
1
0
2
I
Transportation Equipment
(Except Motor Vehicles)
I
i
0
1 1
2
Textiles
1
1
0
0
1957
1958
1959
1957
1958
1959.
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
The recent recession has had only minor repercussions on
investment by the public utilities, which are spending some
° Anticipated
U. S. Department of Commerce, Office of Business Economics
Data: SEC 8 QBE
58-21-2
SUKVEY OF CURRENT BUSINESS
Other nonmanufacturing industries
Mining companies' estimates for the first quarter indicate
a further falling off of expenditures to an annual rate about
10 percent below 1958.
Although investment by commercial companies in 1958 is
about 5 percent below that in 1957, seasonally adjusted
outlays have been comparatively steady in the quarters of
1958. Scheduled expenditures in the first quarter of 1959
are about 2 percent above the 1958 quarterly average. Investment in new stores and shopping centers by retail concerns has exhibited a strong tone this year, and is expected to
increase in the early part of 1959. Construction contractors
have reversed the downward trend in equipment expenditures
that was apparent early this year and have already made a
sizable pickup in their outlays. On the other hand, invest-
December 1958
ment by communications companies has moved downward
in 1958, although, here too, leveling tendencies are noted.
Technical Note
Attention is directed to a new method of presentation of the anticipated quarterly expenditures in the top part of table 2. Experience with the quarterly surveys has shown that some
businessmen, in reporting their quarterly anticipations, do not fully make allowances for a
number of factors such as weather and accounting adjustments. As a result, anticipations
for particular quarters have exhibited recurrent over- or under-statements with respect to
actual expenditures as later reported. Because of the systematic character of these tendencies
it has been possible to make adjustments in the quarterly anticipations which considerably
improve the usefulness of the series.
In each industry the amount of adjustment to the anticipation for a given quarter of the
year is determined by selecting the median percentage deviation between actual and anticipated expenditures for this particular quarter over the postwar period. In the current survey,
the overall effect has been to raise the reported anticipations for the fourth quarter of 1958 by
about 1 percent, and to lower the first quarter of 1959 by about 3 percent.
This adjustment was first incorporated in the seasonally adjusted anticipations in 1952.
Starting with the present report, the unadjusted estimates shown in the top part of table 2
also incorporate these adjustments for systematic tendencies in the anticipatory data. The
seasonally adjusted series (bottom part of table 2) is derived by applying conventional seasonal
factors to the estimates shown at the top.
Table 2.—Expenditures on New Plant and Equipment by U. S. Business,1 1956-59
(Millions of dollars)
1957
1956
Manufacturing
1957
1959
1958
1958 2
Jan.Mar.
Apr.June
JulySept.
Oct.Dec.
Jan.Mar.
Apr.June
JulySept.
Oct.Dec.2
Jan.Mar.2
14, 954
15, 959
11,500
3,505
4,183
4,010
4,261
2,898
2,939
2,664
2,999
2,439
Durable-goods industries
Primary iron and steel
Primary nonferrous metals
_ __ _
Electrical machinery and equipment
__
Machinery, except electrical
Motor vehicles and equipment
_
Transportation equipment, excluding motor vehicles..Stone, clav, and glass products
Other durable goods 3 _ _
7,623
1,268
412
603
1,078
1,689
440
686
1,447
8,022
1,722
814
599
1,275
1,058
544
572
1,438
5,540
1,222
429
448
946
577
358
403
1,157
1,759
327
147
126
270
297
126
135
331
2,120
437
217
152
317
314
150
156
377
1,995
452
223
145
308
252
130
139
346
2,148
506
227
176
380
195
138
142
384
1,441
315
151
106
255
143
93
102
276
1,395
324
107
116
234
155
89
101
269
1,257
285
87
104
201
137
88
84
271
1,447
298
84
122
256
142
88
116
341
1,177
209
Nondurable-goods industries
Food and beverages
Textile-mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber products
_
Other nondurable goods 4
7,331
799
465
801
1,455
3,135
201
475
7,937
850
408
811
1, 724
3,453
200
491
5,960
741
290
580
1,338
2,415
140
456
1,746
201
111
192
353
728
46
115
2,063
225
114
216
435
892
53
128
2,015
209
93
206
440
894
48
125
2,113
215
90
197
496
939
53
123
1,457
170
73
141
340
587
37
109
1,544
202
69
146
352
629
30
116
1,407
183
66
151
304
554
32
117
1,552
186
82
142
342
645
41
114
1,262
173
70
107
302
468
36
106
Mining
Railroads
_
_
Transportation, other than rail
1,241
1,231
1,712
1,243
1,396
1,771
925
755
1,505
300
342
358
327
362
478
314
358
447
302
334
488
225
256
398
239
202
369
223
140
320
238
157
418
190
135
404
Public utilities
Communications-.
Commercial and other 8
4,895
2,684
8,364
6,195
3,032 }
7,366
6,105
9, 737 \
/
1,205
725
1,847
1,510
797
1,933
1,720
728
1,780
1,760
782
1,806 }
1,227
2,321
1,511
2,501
1,633
2,447
1,734
2,468
1,311
2,391
8,282
9,590
9,357
9,733
7,325
7,761
7,427
8,014
6,870
11.06
__
Total
35,081
36, 962
30,527
85
196
119
80
103
309
Seasonally Adjusted at Annual Rates
(Billions of dollars)
Manufacturing
16.12
-
Motor vehicles and equipment
Transportation equipment excluding motor vehicles
Nondurable-goods industries 6
Food and beverages
_
Textile-mill products
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Mining
Railroads
Transportation, other than rail
_-
_
Public utilities
Commercial and other 5
Total
.
1. Data exclude expenditures of agricultural business and outlays charged to current
account.
2. Estimates for the year 1958 are based on actual expenditures for the first three quarters
and anticipated expenditures for the final quarter of the year. These data were reported
by business between late October and early December 1958. The estimates for the fourth
quarter of 1958 and the first quarter of 1959 have been adjusted when necessary for systematic tendencies in anticipatory data. See technical note at end of text.
3. Includes fabricated metal products, lumber products, furniture and fixtures, instruments, ordnance, and miscellaneous manufactures.
15.27
13.20
11.53
10. 86
10.79
8.09
1.58
.66
.62
1.17
1.36
.58
8.31
1.70
.88
.62
1.29
1.27
.59
8.23
1.90
.89
.60
1.28
.97
.52
7.57
1.72
.82
.58
1.33
.72
.50
6.58
1.52
.68
.52
1.11
.66
.43
5.57
1.27
.44
.47
.96
.63
.36
5.16
1.20
.35
.43
.84
.52
.35
5.11
1.01
.30
.40
.90
.52
.32
5.35
1.01
.34
.42
.85
.55
.37
8.03
.84
.46
.85
1.57
3.56
Durable -goods industries 6
Primary iron and steel.
Primary nonferrous metals
E lectrical machinery and equipment
Machinery except electrical _ .
16.25
16.37
7.94
.83
.43
.86
1.71
3.43
8.14
.86
.41
.81
1.83
3.54
7.70
.87
.34
.73
1.77
3.32
6.62
.71
.30
.63
1.51
2.86
5.96
.76
.26
.58
1.38
2 42
5.70
.76
.29
.59
1.27
2.17
5.68
.74
.31
.52
1.22
2.30
5.71
.72
.29
.48
1.34
2.281
1.35
1.42
1.52
1.28
1.35
1.82
1.24
1.54
1.81
1.15
1.26
1.91
1.00
1.02
1.69
.92
.77
1.40
.88
.63
1.29
.91
.59
1.64
.84
.54
1.72
5.72
10.76
5.93
10.40
6.64
10.15
6.43
10.21
5.87
9.63
5.97
9.73
6.10
9.85
6.32
9.68
6.41
9.94
36.89
37.03
37.75
36.23
29.93
30. 51
32.41
30.32
29.61
4. Includes apparel and related products, tobacco, leather and leather products, and printing and publishing.
5. Includes trade, service, finance, and construction. Figures for 1958 and 1959 and sea
sonally adjusted data also include communications.
6. Includes industries not shown separately.
NOTE.—For earlier data see SURVEY OF CURRENT BUSINESS, June 1956, page 0. and September 195F, page 8.
Sources: U. S. Department of Commerce, Office of Business Economies, and Securities
and Exchange Commission.
Third Quarter Balance of Payments
Indicates Little Change in Foreign Business
1 HE overall balance of payments during the third quarter
did not change significantly from the pattern of the previous
quarter. Total United States payments to foreign countries, seasonally adjusted, were slightly higher than in the
second quarter and the movement of most of the major
components was comparatively small.
The receipts from the export of goods and services were
also up slightly, and net receipts from transactions not
estimated (Errors and omissions) which are affected by
unrecorded capital movements appear to be back at the
average rate during the year prior to the middle of 1956
when major swings in such capital movements resulting
from financial disturbances did not seem to have occurred.
As a result, recorded gold and liquid dollar assets accruing
to foreign countries through their transactions with the
United States during the third quarter were about $880
million as compared with $1,065 million in the second
quarter. After taking account of seasonal changes in the
transactions the foreign gains were at an annual rate of $3.2
billion in the third quarter as compared with a rate of $3.7
billion in the second.
Including gold obtained from other sources than through
purchases from the United States, total gold and liquid
dollar assets of foreign countries rose by about $1.3 billion
in the second quarter and by $1.0 billion in the third.
The decline in the rate of gold and dollar accumulations
was more than accounted for by shifts from increases to
decreases in gold and liquid dollar holdings by Canada and
Venezuela. Holdings by the European countries increased
considerably more than during the second quarter. Taking
into account changes in obligations to the International
Monetary Fund, the net position of Europe improved by
about $1.2 billion, compared with about $850 million during
the previous quarter. Nearly all European countries
participated in these gains.
Gold outflow smaller
Although total gold and dollar accumulations by Western
Europe continued to rise, the amouut of gold purchased
from the United States was less than half of what they
bought in the second quarter, but the acquisition of dollar
assets was up. In particular, European purchases of United
States Government securities amounted to about $700
million while during the previous quarter European countries reduced their holdings b}^ more than $600 million.
The shift coincided with changes in yields on such securities
from a low of less than 1 percent at the end of the second
quarter to about 2.5 percent at the end of the third.
In addition to the European countries, major gains in
gold and dollar assets were also made by Japan (part of
which was used to repay previous dollar drawings to the
International Monetary Fund and short-term debts to
United States banks). Gold and dollar holdings of the less
industrialized countries (other than Venezuela) declined by
less than $50 million with none of these countries experiencing major changes in their balances.
Merchandise imports stable
Merchandise imports which comprise nearly half of total
payments to foreign countries, after seasonal adjustment^
appear to have continued the moderate rise from the recent
low during the first quarter of 1958. Compared with the
third quarter a year ago the decline was about 3 percent.
Since imports during 1957 were rising, this decline was
somewhat larger than the year to year decline of the previous
quarter. The decline from the previous year was much
more pronounced for July and August, when it amounted
to about 8 percent, but imports during September exceeded
those of a year earlier by a considerable margin. Since
detailed commodity data for September were not available
at the time of this analysis, it is not possible to evaluate to
what extent the rise in imports was in response to the rise
in domestic business activity.
On the basis of data through August it appears, however,
that imports of industrial materials, with the exception of
hides, skins, and furs, were weak, in fact more so than earlier
in the year. Imports of lumber, and of iron and steel mill
products, were more responsive to the rise in domestic
business. Imports of meat and automobiles continued to
Table 1.—United States Balance of Payments Seasonally Adjusted
(Excluding Military Grant Aid)
[Millions of dollars]
19f
7
1958 »
r
I
II
III
IV
I
II
United States payments, total
Imports, total
Merchandise
Services and military expenditures
_ _
Remittances and pensions
Government grants and related
capital outflows (net)
United States private and other
Government capital outflows
(net)
6,794
5,079
3,230
7,136
5, 188
3,369
6,581
5 235
3,355
6,677
5,205
3,337
6,468
4 925
3,076
6,699
5 103
3,193
1,849
170
1,819
173
1,880
172
1, 868
179
1,849
168
1,910
170
1,970
181
779
710
607
466
618
609
603
766
1,065
567
827
757
817
787
United States receipts, total
Exports, total
Merchandise
.__
Services and military transactions
Foreign long-term investments in
the United States ..
7,022
6,856
5, 117
6,836
6,709
4,905
6,610
6,592
4,788
6,369
6,319
4,517
5,716
5,697
4,046
5,767
5,762
4,031
5,831
5,831
4,081
1,739
1,804
1,804
1,802
1,651
1,731
1,750
166
127
18
50
19
5
377
197
310
-8
185
8
1 136
316
567
924
793
Errors and omissions (net receipts), .Increase in foreign gold and liquid
dollar assets through transactions
with the United States
-605
103
-339
III
1
6,760
5 189
3, 219
1. Import data for the third quarter 1958 were increased by about $33 million as a result,
of changes in tabulation procedure affecting the data for July. The figure used for seasonal
adjustment excludes that amount. Errors and omissions are lowered by the same amount.
Source: U. S. Department of Commerce, Office of Business Economics.
rise. Other manufactured goods, both capital goods and
consumer goods, remained rather stable during the period
of declining business activity, but some indications of a
resumption of the previous upward trend may again be
noticed. More detail may be found in another article in
this issue.
Other expenditures higher than last year
International travel expenditures rose more than seasonally. During the first three quarters of the year, they were
about 9 percent higher than during the corresponding period
of 1957. In Europe such expenditures rose by 16 percent
5
6
SUEVEY OF CURRENT BUSINESS
December 1058
while increases in Canada and Latin America were only 2^
and 3 percent respectively.
Military expenditures were down from the relative!}' high
rate in the second quarter, but about 10 percent higher than
a year ago. In part the increase reflects higher salaries paid
to troops and civilian personnel, in part the increase of
expenses in Germany, since Germany ceased contributing
to the costs of maintaining United States troops stationed
there.
about $200 million or less than 1 percent below the average
of 1957. Since third quarter transactions did not include
any unusually large payments, but on the contrary, a temporary contraction in the private capital outflow, and perhaps
certain imports below the current rate of utilization, it is
likely that payments will continue the gradual rise which
appears to have occurred so far this year.
Private capital outflow down
The slow rise on the receipt side of our balance of payments
(after seasonal adjustment) was partly due to slightly higher
merchandise exports. The rise was not sufficient, however,
to indicate that the end of the low in the export cycle has
been passed and the upswing has started. There are
continued weaknesses in foreign markets. Although in
several of the European countries the business indexes are
pointing upwards again, and strong measures been taken in
others to stimulate activity, weaknesses persist in those
industries which are important for our exports, particularly
coal, steel, and cotton.
The countries which derive their foreign exchange largely
from the export of foodstuffs and raw materials continue to
be affected by large supplies relative to the current demand.
Their ability to import is importantly bolstered by loans
from the United States as well as foreign sources, but an
increase in their purchases is largely dependent upon an
improvement in the market situation for their principal export products.
The outflow of private capital was substantially less than
in the second quarter. Both direct investments and new
issues of foreign securities fell off.
The decline in direct investments affected mostly Latin
America, and within that area mainly the petroleum industry in Venezuela. In part the decline was seasonal and
related to tax payments in that country. Other factors
contributing to the decline may be the less favorable conditions in the market for petroleum products as reflected
in lower prices, which may have affected both investment
programs and the availability of corporate resources to
finance them.
The outflow of capital to other areas through direct
investments has shown little change. New funds going to
Canada were about as high as in the corresponding period
of last year, and close to the highest third quarter previously
recorded. New investments in Europe were slightly more
than a year ago, but for the first three quarters of the year
they were considerably smaller than in 1957. So far there is
no evidence of an acceleration of direct investments in
Europe in anticipation of the start of the Common Market
arrangements.
Issues of new securities, which were unusually high during
the first half of this year, were minor during the third
quarter as interest rates rose and marketing opportunities
deteriorated. The drop was offset to some extent by large
purchases of internal Canadian bonds and investments in
stocks of a newly organized South African investment fund.
Flotation of foreign bonds in the United States on a substantial scale was resumed after September.
The net outflow of funds through private medium- and
short-term bank and commercial loans was affected by the
repayment of commercial debts by Brazil which was made
possible by a large Export-Import Bank loan to that country,
and by the transfer of a loan to Colombia from private
banks to the Export-Import Bank. These two transactions,
which represent a return flow of U. S. private capital,
amounted to about $90 million. Nevertheless, the net
outflow of bank and commercial funds was nearly as high
as in the previous quarter but substantial shifts occurred
between various countries.
Government credits higher
The net outflow of Government funds through grants,
credits, and the acquisition of foreign currencies was augmented by the Brazilian and Colombian loans taken over
from private lenders, as was mentioned above. It was also
affected by the postponement of $40 million of loan repayments by France under the financial agreement concluded
this spring. Omitting these transactions the net outflow
was somewhat smaller than in the second quarter but the
difference does not appear to have been more than seasonal.
Total payments near last year's rate
Total payments to foreign countries in the third quarter,
seasonally adjusted, were at an annual rate of $27 billion,
Exports remain near previous low
U. S. payments exceeded receipts for 8 years
Since the last quarter of 1949, with the exception of two
periods, both characterized by an unusually high foreign
demand, transactions between the United States and foreign
countries resulted in an excess of United States payments
over receipts and consequently a rise in foreign holdings
of gold and liquid dollar assets. The first exception, when
foreign expenditures here exceeded foreign receipts from us
lasted three quarters. This period started at the middle of
1951 when—following the Korean boom—foreign expenditures were still rising while United States expenditures
abroad started to decline. It ended in the early spring of
1952 when foreign countries as a whole had adjusted their
expenditures to their lower dollar receipts and, in fact,
resumed the build up of their reserves.
The second exception comprised the year from the last
quarter of 1956 to the third quarter of 1957. It was characterized by a combination of circumstances which rapidly
raised foreign demand for United States exports. These
included the closing of the Suez Canal, the need of foreign
countries to replenish their relatively low stocks of cotton
and to supplement low harvests of foodstuffs, and the very
high level of activity in certain foreign economies accompanied by an inflationary expansion of their demand.
During the 8 years, from the fourth quarter of 1949 through
the third quarter of 1958, transactions with the United States
enabled foreign countries and international organizations as
a whole to add about $13 billion to their gold and liquid
dollar holdings, or an average of $1% billion per year.
U. S. and foreign prices
The rather persistent excess of United States payments in
our international transactions lias greatly contributed to the
rise in foreign reserves, and consequently to the expansion
and liberalization of world trade. The relatively large excess
this year, however, lias raised questions whether prices of
United States produced goods have risen more than those
SURVEY OF CURRENT BUSINESS
December 1958
of goods produced abroad, and whether the recent changes
in the balance of payments indicate a weakening in our competitive position.
The following tabulations show illustrative price movements for reasonably comparable commodity groups. The
composition of these groups are not necessarily identical but
the differences are not likely to be sufficient to affect the
general conclusions.
These data indicate that prices of steel, machinery, and
vehicles appear to have risen since 1953 faster in the United
States than in the United Kingdom and even more so than
those in Germany. In the case of coal the price rise from
1953 to 1958 was about the same for the three countries.
For many other commodities prices are determined by the
world market, and exports from the United States are priced
about the same as those from other countries.
Other factors affecting competitive position
Prices are only one of the factors influencing the country's competitive position, and the balance of its international
transactions. The differences in the price movements for
machinery and vehicles, and iron and steel were present at
least since 1954; yet exports have risen sharply until recently.
These differences continued, but did not widen in 1958, but
exports have fallen off. Coal exports fell off in 1958 by a
larger percentage than exports of machinery although the
competitive position of United States coal (taking into consideration the lower overseas transportation costs) improved
substantially compared with the year before.
Several other factors may have an overriding influence on
the position of the United States in international markets.
When foreign demand, particularly for investment goods,
Price Movements of Goods Produced in the United States and in
Competing Countries
[1953=100]
United States
II
III _ .
--
_. .
Engineering
products,
export prices
Capital goods
(incl. vehicles),
producers
prices
101
104
112
119
__ __
.
Germany
Machinery and
motive products, wholesale
prices
1954
1955
1956
1957
1958:
I
United Kingdom
.
100
103
107
112
98
99
102
105
121
121
122
114
114
115
107
107
107
Wholesale prices
Iron and steel
1954
1955
1956
1957
1958:
I
II
III
Steel
101
107
118
127
100
102
111
121
97
98
100
105
127
127
129
121
109
109
Coal
Export prices
1954
1955
1956
1957
1958:
I
II__
Wholesale
prices
97
102
115
119
96
98
128
140
98
99
105
112
122
118
121
121
118
118
increased faster than foreign capacity to meet it, as was the
case between 1953 and 1957, delivery periods abroad lengthened, and a rising part of this demand was directed to this
country where delivery periods were shorter, even if prices
were somewhat higher.
As the rise abroad slowed down during the latter part of
1957 and in 1958, while foreign capacity to produce such
goods expanded, the order backlog of foreign producers
declined and their delivery periods shortened with the result
that price relationships became more important in the distribution of the international demand between the various
producers and their countries.
Other factors which can affect such exports are the availability and the terms of credit, differences in quality or
design of the products, servicing facilities, and marketing
techniques, but they can hardly be evaluated statistically.
Higher wage rates relative to prices of finished products in
the United States than abroad imposes upon American business the need to lead other countries in the development of
capital equipment. Similarly, the higher incomes here are
conducive to the earlier development and production of
certain types of consumer goods. This has given the United
States at various times the advantage in such goods as
automobiles, business machines, large construction and mining equipment, airplanes, various types of electronic
equipment, and chemical products.
The advantages in the sales of specific products may be
lost as foreign countries assume and expand their production
but the relative position of the United States will depend
upon the speed of that process and of the development of
new products or the improvement of those previously sold.
This is the usual process of competition in which the success
depends upon the relation between the development of
innovations and the loss of markets to those who take up
the production of goods previously developed. Relative
prices can make a difference in this competitive process, but
obviously they are not the only factor.
Shifts in trade can also result from other developments.
Foodstuffs, which had a declining share in our exports prior
to the 19<30's, increased in relative importance after the
second world war and retained this position even after the
postwar emergency period passed. The exporting of coal to
Europe was an entirely new development in the postwar
period. Adverse price changes for some commodities or
commodity groups thus can be offset by some favorable
developments in the international market for others.
Balance of payments also reflects foreign need
for additional reserves
A part of our exports consist of goods or services provided
to foreign countries under Government grant and credit
programs or through private investments. Even when dollars are spent through such transactions, they give foreign
countries a claim against our resources. Consequently, the
complete balance of payments has to be considered in the
analysis of our ability to meet our international financial
obligations.
As long as foreign countries as a whole want to strengthen
their gold and dollar reserves, and pursue policies to keep
their expenditures here smaller than their current dollar
receipts, it cannot be determined to what degree the excess
of our international payments over our receipts results from
such policies and to what extent it may be attributed to
difficulties in making our production more competitive with
those of foreign countries. This difficulty is further increased
by the possibility of shifts in the relative importance of these
factors as the need for additional reserves increases during
or after a period of declining reserves, or declines as reserve
holdings rise.
SURVEY OF CURRENT BUSINESS
Table 2.—United States Balance of Payments bv
[Millions of dollars]
I
Other goods and services, tota!
Merchandise, adjusted, excluding military. .
5
6
Transportation..
Travel
Miscellaneous services:
Private
Government, excluding military
Military transactions
Income on investments:
Direct investments
Other private
.
.. _ .
Government
13
14
15
16
17
18
19
20
21
Hip
llr
6,245
6,686
463
668
769
6, 944 6,252
5,577
5, 917
5, 096
5,143 4,447
4,053
4, 186
605
4
10
11
12
I
7,764 6,715
7,303
Military transfers under grants, net, total
3
III
6, 698
Exports of goods and services, tota! .
2
II
820
1958
1957
1958
1957
8
I)
Canada
Eastern Europe
Item
Line
1
E astern E uropea n
dependencies
Western Europe
All areas
December 1958
II
III
11'-
1957
I HP
II
1958
III
II
in.
IT'"
III
1957
II
1958
III
IP
II IP
254
227
218
208
15
34
40,
52 1,4721,318 1,243! 1,190
5, 533 2,038 1,798 1, 730 1,560
254
227
218
208
15
34
40
52 1,4721,318 1, 243 1,109
3, 795 1. 535 1, 293 1,188 1,078
178
150
141
133
31
28
47 1,136
963
944
850
17
3
11
4
13
3
12
4
1
2
33
113'
35
141
28
114
26
145
28 ^
1
12|
31
1
5
29
29
1 (*)
10
7
97
45
71
86
46
47
(*)
(*)
6,081 2,578 2,078 2, 223 1,878
548
540
280
493
318
482
162
507
202
439
248
374
164
418
200
416
256
216
24
187
22
177
20
173
24
262
33
45
278
34
39
268
34
67
258
II
277
36
84
286
36
49
124
10
13
108
9
45
122
12
42
128
6
5
11 (*)
1
20 (*) (*)
491
79
48
594
595
89
65
475
92
52
552
103
61
541
99
55
70
23
23
16
46
118
23
28
51
i,i-
II'
1958
1957
76
18
32
("0
(*)
1
1
7
1
9
(*)
(*)
57
54
1
1
00
0)
1 (*) (*)
307 315 298
49
56
n
'W
1
4
1081
41 1
(*)
(*)
5,027
Imports of goods, and services, total
Merchandise, adjusted, excluding military
Transportation. _ _
Travel ._
Miscellaneous services:
Private
Government, excluding military
Military expenditures
Income on investments:
Private
Government ..
..
5, 289 5, 299
4,850
5,211
5, 300 1,853 1,705 1,859 1, 835
290
16
17
17
24
946 1, 105
910 1,059
3,298
332
213
3,342 3, 266
379 390
352 543
3,143
313
231
3,170
415
390
3, 158
408
586
781
199
146
732
195
203
758
221
172
803
209
232
218
10
29
242
10
24
212
10
26
195
7
28
16
14
(*)
2
15
20
i
3
739 '
28^
70
665
26
73
704
29
195
82
22
396
46
1
2
35
1
2
46
3
55
1
1
(*)
7
1
70 i
7
8
1
81 106
1
90
1
1
24 !
7;
24
7
28
4
29
4
526
526
213
213
333
333
131
131
-4
-4
-4:
-4
—3
-4
-4
112
67
849
120
64
876
142
101
693
115
65
829
134
68
904
143
105
757
75
18
531
80
23
365
84
17
524
109
47
104
52
113
51
112
42
107
23
111
32
72
31
77
30
72
11
2,475 1,416
1,655 953
1,395
727
1,475
706
781
233
725
185
73
18 (*)
00
8
1
(*)
(*)
1
(*)
763
30
191
Balance on goods and services :
22
23
2,276
1,671
Total
Excluding military transfers
-1
17
17
23
23
28
28
-7
-7
-6
-6
-5
—5
-5
-5
-4
43 -53 -88 -80 -82
373 364
93 -129 -275 -53 -88 -80 -82
-4
Unilateral transfers, net [to foreign countries
24
25
26
-1,166 -1,485 -969 -1,215 -1,365 -1,096 -701 -427 -641 -475
-548 -161 -147 -148 -157
-561 -665 -506
-596
-547
Total
Excluding military transfers
Private remittances
Government:
Military supplies and Cervices
Other grants
Pensions and other transfers
27
28
29
30
31
32
33
34
35
36
37
38
39
40
-134 -134
-121
-125
-131 -61 -68 -60 -67
-6
-6
—668
-379
-47
— 769
-426
—548 —540 —280 —493 —318
-367 -87 -65 -71 -65
-50 -13 -14 -17 -25
-2
-1
-2
-5
-1
AK
-5
-1 -1 00
-1
-2 -3 -2
00
-1 (*) (*)
00 -3 -3 -3
22 -7 -21 -18 -40 -358 -199 -388 -192
U. S. capital, net [outflow of funds (— )], total . -1,095 -1,557 -551
-927 -1,248
-779 -298
77 -154 -168 -28
-840 -1,363 -410
-684 -1,030
-441 -181
48 -46 -146 -30
-8 -23
18
-402
—218
24
2
-246
-993 -339
— 181 —88
50
46
-218 -102
69
-17
-159
—338
21
-132
—76
-419
—383
19
-75
-172
-164 -77 -15 -47 -34 -32
—46 — 17 —8 — 11 —25
2
10
10
2
3
36 1
12 -22 00
-148 -94
-67
-93 -3
-8 -23
10
1
-1
4
4
-255
-194 -141
-243
-218
-338 -117
— 126
128
— 257
— 132 — 176
232 170
—294 — 135
—253
131
— 121
— 241
207
_184
—224 — 8 _4fr —27 — 25 (*)
2
36
82
40! 45
110
—114 — 1451 —12 _ 12ll —22
(*) "
-29
630 -229
207
-10
394
345 -115 -409
599
166
127
18
127
10 -244
19
126
-5
-118
17
114
21 -t? -49
1
-1
1
-1
-438
116
243 -109
250 106
91
-29
57
56
320
57
112 -167 -366
98
89
13
572
27
-8
1
498
Private, net, total
Direct investments net
New issues
Redemptions
Other long-term, net
Short-term, net
_.
..
Government, net, total
Long-term capital outflow
Repayments
Short-term net
42
1,075
483
—6
1,065
877
339 -115
664 1,097
262
360
170
73
„
-233 -497
-251
384 -192
719
1,332
1,023
420 -158
912 1,142 -15
286
185 -282
199
90
565
154
1, 076
256
883
140
160 -73
260 -85
438
474
48
Errors and omissions and transfers of funds
between foreign areas [receipts by foreign
areas ( — ^i], net
Memorandum items:
Estimated increase in total foreign gold and
liquid dollar holdings l
Through estimated transactions w i t h the
United States -
3
362
-325
217 -65
1,073
—7
4 00
97
-1 -357
(*)
(*)
—9
2
-14
—4
4
12
(*)
-1
2
3
6
16 -16
2
14
4
2
(*)
12
00
130
56
19 -20
6
(a)
(*)
(*)
(*)
74
-202 -387 -192
-293 -112 -99 -114
-89 -65 -193
21
4
45
10
27 -72
-59 -83
-9 -2
63
13 -78
3 —I
9
i
(*)
-21 -19 -39
3
30 -15
370
-377
1
-7
30 -15
577
-348
Foreign capital and gold, tota!
-3
(*)
-27
Gold sales [purchases ( — )] by the United States
47
-8 -23
29-108 -22
305 -256
46
1
-8
-8
-6
—820 —463
-492 -334
-39 -38
4Q
Direct and long-term portfolio investments
other than U. S. Government securities
Transactions in U. S. Government securities
Short-term liabilities to foreign banks and
official institutions
Other short-term liabilities
. _ ... -
2
-8 -12
0
-12
—605
-391
Foreign capital, net [outflow of funds ( — )], tota!
45
Q
-130
41
43
44
-9
—4
3 (*)
-38 — 1
-3
169
1 (*)
2
15
277 -64
2
2 -38
19 -14 —97
(*)
15
62
599
89 104 112
15
543 -104 -85 -132 — 56 -15
(*)
-7
-1
2
-3
00
78
70
70
372 -64
4
8
-1
2
-3
169
15
277 -64
11
-2
-1
2
-1
00
00
10 .....
-n
20 -333 -25 -219
129
176
68
269 -55
17 -166
-20 342
28
40
72
60
209 -127
-3
r Revised.
p Preliminary.
nss Xot shown separately.
* Less than $500,000.
1. Changes in Eastern European gold holdings are not included in the estimate of the increase in total foreign gold holdings. Increase in foreign holdings of liquid dollar assets = lines 43,
44, ami 45.
2. Equals balance (with reverse sign) of lines 23 (less net sales of gold from domestic sources to the monetary gold stock of the United States), 25, 30, 42, and 48 (for "All areas" but not for
individual areas).
SURVEY OF CURRENT BUSINESS
December 1958
Areas—Second and Third Quarters, 1957 and 1958
[Millions of dollars]
Sterling area
Latin American
republics
International
institutions
All other countries
Dependencies
United Kingdom and
Other Europe
Total
Other countries
Line
1958
1957
IP
III
II
1957
II
Hip
1958
III
IP
II
ID>
1,684 1,654 1,501 1,472 1,737 1,381 1,438 1,256
10
13
28
15
270
170
248
1958
1957
IP
III
II
Hip
95
71
132
7
104
11
106
9
64
7
3
60
7
10
63
7
6
48
16
11
48
16
13
50
16
22
50
18
16
242
16
13
219
15
9
180
17
14
200
16
10
125
11
7
151
10
9
126
11
10
1,188 1,196 1,199 1,176
967
921
643
62
12
589
78
13
IP
III
nss
nss
nss
nss
nss
nss
nss
nss
942
920
853
465
421
418
395
153
145
146
688
641
544
525
277
269
192
213
93
82
80
78
14
82
13
83
15
51
8
45
6
50
6
48
7
7
3
5
3
6
3
88
7
2
76
6
2
83
7
4
89
6
4
66
3
1
54
2
1
62
3
1
68
2
1
105
13
13
114
8
3
155
13
19
120
7
4
41
11
7
38
6
(*)
80
11
13
50
6
(*)
45
43 1,068
942
957
880
550
498
535
515
179
195
609
77
57
11
11
1
1
125
10
10
5
914
873
12
544
74
68
519
84
59
488
74
200
63
27
195
61
42
570
78
19
203
72
33
223
60
46
116
6
27
37
60
9
209
64
11
129
67
9
175
65
11
123
58
1
157
63
2
86
65
1
120
63
2
77
4
6
40
7
45
7
40
4
42
4
38
6
43
6
38
3
11
00
3
6
n
11
544
78
15
40
II
nss
25 1,019
(*)
6
14
8
1958
1957
III*
nss
108
12
60
7
2
II
nss
25
6
92
54
III*
nss
23
101
70
IP
III
nss
8
692
109
55
II
nss
23
840
m>
nss
23
7
849
IP
89
14
23
24
989 1,110
III
1958
1957
1958
1957
nss
24
215
1,674 1,641 1,473 1,457 1,467 1,211 1,190 1,041
1,170 1,153 1,039
1958
1957
III*
IP
III
nss
nss
nss
nss
1
nss
nss
nss
nss
2
134
401
376
356
321
3
69
318
290
272
243
4
6
31
3
28
5
26
4
29
5
6
18
4
1
18
4
1
18
4
3
18
4
7
8
9
25
2
3
21
2
6
18
1
1
19
2
5
10
11
12
160
149
339
249
262
216
13
142
6
23
106
4
24
93
4
26
293
8
3
207
7
3
210
8
2
172
9
14
15
16
1
2
26
1
2
20
1
2
22
1
22
1 (*)
6
26
23
1
6
33
1
7
24
17
18
19
40
4
1
1
1
1
1
1
1
1
1
1
1 (*)
20
21
153
n
145
146
3
(*)
(*)
%
51
54
134
n
52
1
945
80
95
926
77
110
950
80
99
892
85
113
34
17
10
50
18
8
38
17
9
49
18
13
3
21
219
3
22
204
4
20
219
4
23
203
4
3
4
3
4
2
4
2
3
4
7
5
2
2
4
2
496
486
458
445
302
274
296
281
770
500
460
290
524
276
383
168
12
12
-17
-17
9
9
-18
-18
nss
-49
nss
nss
-37
nss
-27
nss
-85
nss
nss
nss
-77 -117 -120
-26
-26
-50
-50
-14
-14
-15
-15
nss
62
nss
127
nss
94
nss
108
22
23
-49 -694 -459 -618 -545
-34 -424 -289 -370 -330
-17
-17
-17
-17
-13
-13
-10
-10
nss
-80
nss
-57
nss
-86
nss
-99
nss
-15
nss
-17
nss
-15
nss
-16
-8
-8
-6
-6
-10
-10
-6
-6
nss
-57
nss
-34
nss
-61
nss
-77
24
25
-45
-25
-25
-24
-24
-13
-14
-13
-14
—5
-5
-4
-7
-6
-6
-6
26
-15 -270 -170 -248 -215
-226 -303 -266
~ t -354
-20 -19 -22 -19
nss
-52
nss
-29
nss
-58
nss
-72
nss
-1
nss
-1
nss
(*)
nss
(*)
-1
nss
-49
nss
-27
nss
-54
nss
-71
(')
27
28
29
-121
-53
-43
-48 -73
-35 -45
-12 -11
-10
-29
-2
-9
-13 -28
-22 -34
-2 -2
-8 -50
-295 -234
-569 -229 -227
-32 -117
4 -22
-10
9
-21 -25
—17 -69
-53 -210 -120
51 -158
25
7
1
-23
55
-30
-6
1
-19
-5
-52
-61
-57 -115
116
50
-97 -53
56
31
-36
1
-28
-39
-24
-49 -39 -222 -53 -104
-62
52
-14
-70 —95 -239 -62
33
51
25 142
-12
5
-8 -133
367
23 -35 -221 -235
3
—2
300
66
»7
-3
-1 -6
1 -60
-6
-59
-23
-25
1
-21
-90
4
-16
-2
3
-45
2
-607 -344 -273 -254 -170
-583
-44
4
38 -16 -217 -253
-15
47
15
-5
21
(*)
-17
34
(*)
6
-17
10
(Z)
-13
-10
q
-3 -182
-27 -134
-17 -164
-106
32
-43
-27
-25
-2
-4 -183
-29 -139
56 -109
-84 -104
31
-33
-28
-27
-2
12
-26
-45
-7
-27
3
26
-4
1
-30
-29
-67
8
-84
-65
2
-24
-1
1
9
-68
4
-1
45
-55
— 16
1
-6
-33
5
-73
-55
-37
-12
122
2
-105
-26
33
-80
-14
14
-55
-9
10
-38
149 -213 -241
10
-12
1
-18
1
2
2
-1
1
30
-9 -201
173
41
3
3
4
3
3
3
-26 -144
4
91
16
g
-6
5
18
14
(*)
78
-1
1
72
26
8
-85
8
3 -307
-6
16
5
33 -316
-209
167
35
149 -213
328
36
299
410
246
19
20
114
348
73 -30 -232 -242
-9
-26
61 -303 -184
225
104
161
187
90
-65
50
13
138 -80 -245 -332
278
48
301
26
98
-57 -327 -217 -401 -210
188
37
-190
-12
1
8 -35 -233 -234
-74
79
240
249
—2
-4
-18
34
-4
-15 C)
1
-21
73 -229 -221
-22
93
23
(*)
t
354
-1
-88
-60
(*)
c
—13
-2
-89
-8 -154
1
2
2 -31
1 (*)
20
4
—1
5
450
60
287
78
188
81 -465
286
59
191
66
45 -110 -531
286
4
-10
-2
-29
<*!i
-2
1
-10
1
2
-1
3
-4
-2
1
2
-1 (*)
2
-11
4
-2
(*)
-2
o
-92
30
-8
-6
-8
27
-68
-50
31
-12
-13
-13
23
-16
5
2
3
1
1
-33
(*)
9
-1
-3
-16
—16
1
—14
-23
32
33
34
35
36
(*)
4
5
-74
-45
-42
37
(x)
-11
117
4
-101
-24
32
-82
-13
12
-44
-9
5
-38
38
39
40
14
-17
-2
41
-8
4
2
(x)
(*)
147 -240 -224
13
4
8
-85
-1
-21
-2
-4
1
79 -237 -203
1
74
-28
-13
32
2
1
10
3
70
26
50
209
-8
46
A
-1
13
1
-2
-47 -113
1
1
42
43
(x)
-1
(*)
(*)
-8
5
-2
16
-17
-1
-5
3
44
45
-2
14
-17
-2
47
-60
97
63
48
450
50
147 -240
226
63
4
13
302
-51
101
55
45
32
24
69
77 -473
328
40
3
13
-1
-1
1
-41
30
1
250
-181
54
136
-59 -527
176
166
152 -126
58
-55
58
-45
31
-32
23
-24
-3
4
79
-46
41 -120
61
-31
2
3
59
46
-1
Real National Output by QuartersA New Major Economic Indicator
estimates of real, or "constant-dollar/'
gross national product and its broad components for the
period 1950-58 are presented in this article, together with
the corresponding current-dollar figures and the associated
price indexes. They constitute a major additional tool for
the analysis of current business developments. The new
short-period information, which from now on will be published on the same schedule as the current-dollar GNP
estimates, will permit an up-to-date analysis of quarterly
movements in current-dollar production and sales, prices,
and physical volumes in the framework of the national income
and product accounts.
Quarterly estimates of real GNP have had top place
among the suggestions for additional information which
users of national income and product data have made to
OBE during the past few years. OBE's experience in this
regard was corroborated by the National Accounts Review
Committee, which at the request of the Bureau of the
Budget reported last year on the status of the National
Economic Accounts of the United States. A canvass of
user opinion made by this committee gave first priority to
quarterly estimates of real gross national product, and the
committee itself took a similar view of the importance of
these figures.
New national income report
The estimates presented here are part of a new, comprehensive report on the national income, entitled U. S. Income
and Output, which is now in press. In that report, the
quarterly constant-dollar estimates are provided for all
years beginning with 1947.
The forthcoming report includes a large volume of entirely
new statistical information on the U. S. economy, and
incorporates also the results of the 1954 industrial censuses
and other new source materials into the postwar income and
product estimates. The concepts and methods underlying
the new and revised series are explained, and these estimates
Table 1.—GNP and Final Purchases, Selected Quarters, 1955-57
(Seasonally adjusted at annual rate)
Inventory
change
Final
purchases
GXP
Implicit
price
deflator
(billions
of dollars)
(1957=100)
1955: IV
409
94
435
8
427
1956: IV
430
98
441
5
436
436
441
446
99
100
101
442
443
442
1
3
2
441
440
440
Quarter
1957: I
II
III
...
GNP
(Billions of 1957 dollars)
Source: U. S, Department of Commerce, Office of Business Economics.
10
are viewed in the perspective of the past work of the OBE
and its plans for the future. A comprehensive review of the
American economy during the postwar period is also
provided.
U. S. Income and Output will not supersede the 1954
National Income supplement. The latter will remain the
source of statistical series for the prewar and war years,
as well as of comprehensive, detailed descriptions of the
definitions and methodology underlying the U. S. national
income accounts.
The number of statistical tables in U. S. Income and
Output is approximately double that of the 1954 supplement.
New information is provided on the total national output
and its composition, and on the receipts and expenditures
of the major markets into which national output flows: the
consumer, government, and foreign markets, and the market
for business investment goods.
Particularly noteworthy among the new tables—in addition to the quarterly constant-dollar GNP—are those relating to the following: GNP in current and constant dollars,
broken down into durable and nondurable commodities,
construction, and services; summary information on the size
and regional distributions of consumer incomes; annual
breakdowns of Federal and State and local government
expenditures by type of public services provided; a changed
treatment of foreign transactions, featuring a complete tie-in
with the balance of payments statistics; and a study of
investment and capital stocks in manufacturing.
Attention may be drawn to two general directions which
the additional work incorporated in U. S. Income and Output has taken. First, the quarterly estimates necessary for
the up-to-date analysis of current business developments
have been greatly strengthened and expanded. Secondly,
new constant-dollar information on total real GNP and its
components has been developed on a substantial scale.
NEW VIEW OF THE ECONOMY
The work of the OBE in the field of constant-dollar
estimates antecedes the year 1951, when the first annual
estimates of real GNP for the period beginning with 1929
were published. This information, which was the result of
several years of basic research, was urgently needed for the
study of inflationary and deflationary processes as well as of
trends in the productivity of the national economy. It
proved particularly timely for analysis and policy formation
during the Korean conflict and was highly useful also in
subsequent years.
The new quarterly information makes possible a more
precise study of short-term business developments.
NOTE.—The new quarterly constant-dollar GNP data were prepared in the National
Income Division of the Office of Business Economics. The following staff members contributed principally to the development of this basic market measure: Lawrence Grose,
Edward 0. Bassett, Carolyn G. Bernhard, Joseph Rosenthal, and Robert C. Wasson.
SURVEY OF CURRENT BUSINESS
December 1958
The general contour of these developments in the postwar
period appears much the same in the new constant-dollar
figures as in the current-dollar series which alone were available hitherto; and the broad interpretation of these developments is not basically altered. However, the new data
sharpen the focus of the postwar economic picture, arid for
many purposes provide a more meaningful frame of reference.
This general proposition can be illustrated by reference to
the recent business downturn and recovery.
Dimensions of 1957—58 decline and recovery
The timing of the cyclical swing is about the same in both
sets of data. Total economic activity began to decline in the
autumn of 1957 and reached its trough in the first quarter of
the current year. However, reflecting the continued rise in
final product prices, the magnitude of the decline was somewhat less in current dollars than in real terms—4% percent
as against 5% percent.
This latter decline exceeded the peak-to-trough movements
of 2 percent and 4 percent in the physical volume of output
during the 1948-49 and 1953-54 recessions.
As can be seen from table 4, all major components of GNP
Gross National Product in Current and
Constant Dollars
•Billion Dollars
500
400 -
1947
48
49
50
51
52
53
54
55
56
57
58
59
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. Department of Commerce, Office of Business Economics
reflected the continued updrift in prices from 1957 to 1958.
Firmness in the general price level was a feature which the
recent recession shared with the two previous postwar downturns, although overall GNP prices clipped somewhat in 194849. (See chart on page 24.)
The turnabout in GNP which occurred in 1958 was the
quickest on record for the postwar period. The ensuing recovery appears vigorous in both current- and constant-dollar
terms, but its proportions differ somewhat, by reference to
the 1957 pre-recession peak, depending on which of these two
bases of measurement is used.
In the third quarter of 1958, the current-dollar GNP had
regained about two-thirds of its prior decline; in real volume
terms, about two-fifths of the loss had been made good. It
may be noted, incidentally, that much of the price rise that
is reflected in the differences between the current- and constant-dollar movements occurred in the course of the business
downturn; the 1958 recovery so far has proceeded in a setting
11
of overall price stability and has represented, in the main,
gains in the real volume of production.
With business recovery continuing, the current-dollar GNP
for the fourth quarter will exceed substantially the previous
peak annual rate of $446 billion set in the third quarter of
1957. In real terms national output will approximate the
previous record.
For the year as a whole, current-dollar GNP will be about
$437 billion as compared with $440 billion for the year 1957.
In real volume terms, the difference will be somewhat
larger—about 3 percent as compared with 1 percent.
Factors in recent business cycle
The general pattern of fall and recovery in the broad market demands for GNP as shown by the new constant-dollar
data is similar to the one that emerges from the currentdollar data as analyzed in detail in last month's SURVEY.
But once again the constant-dollar figures provide added
depth to the view of economic developments. For instance,
they put into clear focus the change in the tenor of business
activity that preceded the decline in gross national product
in the fourth quarter of 1957.
The constant-dollar figures bring out quite clearly that—
following a prolonged period of expansion—the overall
rate of final demand and GNP had ceased to grow further in
real terms well before economic activity turned down in the
fourth quarter of 1957. As can be seen from table 1, final
purchases of GNP in terms of constant-dollars were about
unchanged at an annual rate of around $440 billion in the
first three quarters of 1957.
The growth in total GNP—final purchases plus inventory
change—had ceased somewhat earlier. This aggregate was
stable in real terms over a four-quarter period preceding
the autumn 1957 downturn. This stability was masked in
the current-dollar figures by a rise in overall prices, the
current-dollar GNP increasing by 3% percent from a $430
billion annual rate in the fourth quarter of 1956 to a $446
billion peak in the third quarter of 1957.
This flattening in real GNP in the period immediately
before the recession—by contrast to the further rise in
prices and current-dollar values—was a key development
both for the diagnosis of the business outlook and for economic policy formulation. The matching series on currentand constant-dollar GNP and prices given in tables 2, 3, and
4 provide a substantially better tool than has been available
hitherto for the analysis of these developments.
It is of interest to note that a tapering in the advance of
real output and demand similar to the one that preceded the
1957-58 downturn was in evidence also in the periods leading
up to the two prior postwar recessions—those of 1948-49
and 1953-54. It is evident that this phenomenon not only
has an important bearing upon the assessment of the strength
of the basic demand factors, but that it also contributes to
the understanding of inventory movements which to a large
extent are influenced by developments in final demand.
The analysis of postwar business fluctuations included in
U. S. Income and Output draws upon the new quarterly real
GNP estimates to elaborate the above point, as well as to
supplement in other respects the view provided by the current-dollar data.
NATURE OF NEW QUARTERLY DATA
Prior to a description of the methodology of the new
quarterly estimates, brief note should be taken of a definitional change in two components of the gross national product. It extends to the current as well as the constant-dollar
figures and is shown for the first time in this issue of the
SURVEY.
12
SURVEY OF CURRENT BUSINESS
The change stems from a new treatment of Government
cash grants to foreign nations and affects—compensatingly—
the Federal Government purchase component of GNP and
the entry for international transactions. Total gross national
product is not altered.
In the prior treatment, which originated in a period in
which international aid was of negligible proportions, net
Government cash grants to foreign nations were treated as
though they represented Government purchases from abroad,
and a counter-entry appeared in the foreign investment
component of GNP (which reflected the excess of U. S. sales
to abroad over U. S. purchases from abroad so defined). In
the new presentation, Government cash grants are omitted
altogether from the GNP statement.
Changes in terminology and classification reflecting this
new treatment have been introduced. The entry for foreign
transactions is now labeled "Net exports of goods and services" (with exports shown separately from imports in the
current-dollar tables) and the breakdown of Federal purchases has been modified.1
Cash grants now omitted from the main GNP table will
appear as a new category of foreign transfer payments in the
quarterly statements of Government and foreign transactions
which will be a regular feature of the expanded reporting
systems to which the new current- and constant-dollar
quarterly GNP reports will be tied. "Net foreign investment" will be shown in the new statement of foreign transactions as the excess of exports over the sum of imports and
Government cash grants to abroad—and also in the national
saving-investment account.
For exports and imports, major reliance is on indexes of
unit values for merchandise exports and imports prepared by
the Bureau of Foreign Commerce of the Department of
Commerce.
Finally, the principal sources of price information for
the deflation of government purchases are the BLS wholesale price indexes and the construction cost indexes of the
Business and Defense Services Administration to which
reference has already been made.
In carrying out the deflation of the seasonally adjusted
current-dollar figures on a quarterly basis, about 100 product
groups were distinguished separately, and several times as
many price indexes drawn from the BLS and other sources
referred to above were combined to deflate these currentdollar series. The results so obtained were adjusted to the
annual constant-dollar figures, which are prepared in an
even finer breakdown.
In the course of the work it was found that in a great
many instances the quarterly price indexes displayed regularly recurring seasonal patterns of an appreciable magnitude. Accordingly, a substantial part of the statistical
effort expended on the project went into the elimination of
seasonal variations from the price series used.
Gross National Product in Constant Dollars
Quarterly fluctuations in major markets differ widely
Billion 1957 Dollars (ratio scale)
800
Sources and methods
Like the annual constant-dollar series, which have been
described in detail in the 1954 National Income supplement,
the new quarterly estimates are derived principally by
dividing the components of the current-dollar gross national
product by appropriate price indexes, in as fine a product
breakdown as practicable.
For consumer expenditures, which constitute about twothirds of the total GNP, use is made mainly of price series
which are components of the consumer price indexes of the
Bureau of Labor Statistics, and of the series on prices
paid by farmers prepared by the U. S. Department of
Agriculture. These two sets of data are combined to give
representation to prices paid by both urban and rural purchasers.
For private domestic investment, the deflated series on
new construction are prepared by the Business and Defense
Services Administration of the Department of Commerce,
and are based largely on construction cost indexes compiled
by private and Government agencies. For GNP purposes,
an adjustment for changing profits margins is introduced,
to convert these cost indexes to the selling price level that
is reflected in the current-dollar estimates of new construction.
The major data sources used for deflating producers' purchases of durable equipment are the BLS wholesale price indexes and the ICC indexes of prices of railroad equipment;
and the BLS wholesale price indexes are also the principal
source of information used for deflating the change in
business inventories.
1. Federal purchases were shown as consisting of "national security" and "other" purchases
(net of Government sales). National security purchases were broken down into "national
defense" and "other national security." In the implementation of the new treatment of
international cash grants the category of "other national security" purchases, which consisted
mainly of such grants, has been dropped. The definition of the national defense item is
unchanged and items other than cash grants formerly included in "other" national security
purchases, such as foreign aid in kind and the administrative expenses of the State Department, the U. S. Information Service, and the U. S. Maritime Commission, are now included
with "other" Federal purchases.
December 1958
-
600 p
400
Consumer Nondurables & Services
200
Investment, Consumer Durables, & Net Exports
)00
80
60
- Federal Purchases /*
40
20
State and Local Purchases
)0
i 11 i 11 i I i i 11 i i 1 1 i i i I i i 11 i 1 1 1i i i 1> i i I i i 11 i i 11 i i i 11
1947
48
49
50
51 52
53 54
55
56
57 58
59
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. Department of Commerce, Office of Business Economics
60
58 - 2 1 - 4
The detailed deflation work was done in terms of 1954
prices, and constant-dollar estimates expressed in prices
of that year will be given in U. S. Income and Output.
Inasmuch as recent price levels are more familiar, these
basic estimates were converted into 1957 prices for presentation in this article. In general, the conversion was
made separately for each of the published components of
GNP. More detailed breakdowns were used in instances in
which these components had undergone significant shifts in
product composition.
Characteristics of new series
In view of the fact that the quarterly real GNP is a new
series which will be employed widely, it is important to draw
attention of users to its principal characteristics.
SUEVEY OF CURRENT BUSINESS
December 1958
13
Table 2.—Gross National Product or Expenditure, Seasonally Adjusted Quarterly Totals at Annual Rates, 1950-57, and First Three Quarters,
1958
[Billions of dollars]
I
1
9
3
4
5
265.8
_ __
274 4
185.7
26.8
96 2
62.6
Gross national product
Personal consumption expenditures
Durable goods _
Nondurable goods
Services..
_. ._
II
189 9
27.9
97 7
64.3
1952
1951
1950
Line
II
Year
IV
III
II
III
IV
Year
I
317 8
326 4
333 8
338 1
329 0
341 0
341 3
347.0
358.6
347.0
211 5
33.0
110 2
68.3
205.5
28.0
108 1
69.4
208 8
28.5
109 5
70.8
213. 4
28.4
112 7
72.3
209 8
29.5
110 1
70.2
214 6
27.7
113 3
73.6
217.7
29.1
113 9
74.7
219.6
27.5
115.9
76. 2
227.2
32. 1
117.2
77.9
219.8
29. 1
115. 1
75.6
49.9
25.5
12.8
12.7
21.3
3. 1
2.1
IV
Year
I
293 2
304 3
284 6
204 4
35.5
103 3
65.7
200 1
31.2
102 0
66.9
195 0
30.4
99 8
64.9
III
6
7
8
9
10
11
12
Gross private domestic investment
New construction
Residential nonfarm . _ _ _ .
Other
Producers' durable equipment
Change in business inventories — total
Nonfarm only
39.8
21.6
12.2
9 4
15.7
2 5
2.2
46.9
23 6
13.8
9 8
18.4
4 9
4.2
51.1
25 6
15.4
10 3
20.6
4 9
3.8
61.4
25 3
14.4
10 9
21. 1
15 0
13 8
50.0
24 2
14. 1
10 1
18.9
6 8
6.0
56.9
25 7
14. 1
11 6
20 7
10 5
9 3
61.6
25 0
12.5
12 5
21.3
15 2
14.0
56.3
24 5
11.8
12 7
21.6
10 2
9. 1
51.0
24 5
12. 1
12 4
21.5
4 9
3.8
56.3
24 8
12.5
12 3
21.3
10 2
9. 1
52.2
25 2
12.4
12 8
21.9
5 1
4.0
45.6
25 4
12.7
12 7
22.4
—2 2
-3.3
49.1
25.4
12.8
12.6
19.4
4.3
3.4
52.6
26. 1
13.4
12.7
21.2
5.3
4.7
13
14
15
Net exports of goods and services
Exports
Imports
2.0
12 5
10.5
1.1
12 4
11 3
—.6
13 4
14 0
—.2
14 2
14 4
.6
13 1
12 5
-.2
15 9
16 1
1.7
17 7
16 0
3.9
18 9
15.0
4.2
18 9
14.8
2.4
17 9
15.5
3.1
19 0
15.9
2.8
18 3
15.5
.1
16.0
16.0
16.4
17.1
1.3
17.4
16.1
16
17
18
19
20
21
Government purchases of goods and services
Federal
- __
National defense
Other _
Less* Government sales
State and local
_..
_.
38.4
19.1
12 6
6.6
.l
19.3
36 5
17.2
12 0
5.2
1
19 3
38 2
18.4
14 1
4.4
1
19.8
43 0
22.7
18 3
4.5
2
20.3
39.0
19.3
14 3
5.2
1
19.7
49 5
28.7
24 3
4.5
2
20.9
57.7
36.1
31 2
5. 1
.2
21.6
64.9
42.9
38 1
5.2
.4
21.9
69.5
47.4
41.8
6.0
.4
22.1
60.5
38.8
33.9
5.2
.3
21.7
71.1
48.5
43.0
5.8
.3
22.5
75.2
52.1
46.2
6.2
.3
23.1
78.2
55.0
47.0
8.1
.2
23.2
79.5
55.8
49.3
6.7
.2
23.7
76.0
52.9
46.4
6.7
.3
23.2
I
II
III
1955
1954
1953
Line
Year
IV
I
II
H
IV
III
Year
I
II
III
IV
Year
1
Gross national product
364 5
368 8
367 1
361 0
365 4
360 0
358 9
362 0
370.8
363.1
384 3
393 0
403.4
408.9
397.5
2
3
4
5
Personal consumption expenditures
Durable goods.. .__
Nondurable goods
Services
230 9
33. 2
118 1
79 6
233
33
118
81
234
33
117
82
232
31
117
83
232
32
118
81
233
31
117
84
7
2
9
6
236 5
32.2
118 8
85 5
238
32
119
86
7
3
6
9
243.2
33.9
121 0
88 3
238.0
32.4
119 3
86 3
249.4
38.2
121 2
90 0
254.3
39. 1
123 7
91 6
260.9
41.4
126. 1
93 4
263.3
39.8
128. 1
95 3
256.9
39.6
124.8
92 5
6
8
9
10
11
12
Gross private domestic investment., _
N e w construction
_ _ .
Residential nonfarm
Other
__. .
Producers' durable equipment
Change in business inventories— total
Nonfarm only
52.0
26.9
13 7
13.2
22 5
2.5
3 0
52.9
27 8
14 0
13 8
22 0
3. 1
4 0
51.1
27 7
13 8
14 0
22 6
7
15
45.2
27 9
13 7
14 2
21 9
—4 6
—4 3
50.3
27 6
13 8
13 8
22 3
.4
11
46.6
27 8
13 7
14 1
21 4
—2 6
—2 8
47.2
28 9
14 7
14 2
20 9
—2.7
—3 2
48.8
30 2
15 8
14 4
20 7
—2 1
—2 8
52.3
31.6
17 0
14 6
19 9
.8
2
48.9
29.7
15 4
14.3
20 8
-1.6
—2 1
58.8
33 9
18 5
15 4
20 5
4.4
38
63.1
34 9
18 9
16 0
22 1
6.1
5 7
65.4
35.4
18 9
16.5
24 4
5.7
5 5
67.6
35.4
18 4
17.0
25 4
6.7
6 7
63.8
34.9
18 7
16.2
23 1
5.8
5 5
13
14
15
Net exports of goods and services
Exports
Imports
—.3
16.5
16 7
—. 7
16.5
17 2
— 8
16.7
17 5
.0
16.7
16 7
—.4
16.6
17 0
.3
16.0
15 7
.8
17.9
17. 1
.4
17.3
16 8
2.3
18.7
16.5
1.0
17.5
16 5
1.5
18.7
17 2
.7
18.6
17 9
1.3
20.0
18.7
.9
20.3
19.4
1.1
19.4
18.3
16
17
18
19
20
21
Government purchases of goods and services. .
Federal
National defense
Other
"Less* Government sales
State and local
81.8
57 4
49.8
8 0
4
24 4
83.3
58 9
50.5
8 7
3
24 3
82.7
57 7
49 3
8 7
3
24 9
83.5
57 8
47 6
10 5
3
25 7
82.8
58 0
49.3
9 0
3
24 9
79.4
52 9
44.8
8 4
3
26 5
74.4
47 1
41.5
5 9
3
27 3
74.1
45 9
40.0
6 2
3
28 2
73.0
44 4
38.4
6 2
3
28 7
75.3
47 5
41 2
6 7
74.6
45 1
39 2
6 2
3
29 5
74.9
44 7
38 8
6 2
4
30 2
75.8
45 3
39.2
6 5
4
30 5
77.1
46 1
39. 1
7 4
4
31 0
75.6
45 3
39. 1
6 6
4
30 3
.
. __
3
4
6
2
1
6
8
8
3
2
4
7
6
9
0
8
1956
Line
27 7
1958
1957
I
II
III
IV
Year
I
II
IV
III
Year
i
II
III
IV
1
Gross national product
410 8
414 9
420 5
430 5
419 2
436 3
441 2
445 6
438 9
440 3
425 8
429 0
439 0
2
3
4
5
Personal consumption expenditures
Durable goods
Nondurable goods .. ___
Services
265.2
38.7
129 6
96 9
267 2
37.8
130 9
98 6
269 7
37.5
131 6
100 6
275 4
39.5
133 4
102 5
269
38
131
99
279
40
135
104
282
39
137
105
288
40
140
107
3
4
5
4
287 2
39 6
138 8
108 7
284
39
138
106
4
9
0
5
286
36
139
110
2
3
8
1
288 3
35 6
141 4
111 3
291
36
142
112
68.0
35 2
17 8
17.4
25.9
6 9
7.4
67.7
35 8
17 7
18.1
26 6
5 4
6.2
68.1
35 8
17 6
18.3
27 3
4 9
5.3
68.8
36 2
17 7
18 4
28 2
4 4
4.6
68.2
35 7
17 7
18. 1
27 0
5 4
5.9
65.9
36 1
17 2
18 9
28 7
1i
.6
67.0
36 1
16 5
19 6
28 1
29
2 0
66.7
36 6
16 9
19 7
28 0
2 2
13
61.5
37 1
17 6
19 6
26 7
—2 3
—3 1
65.3
36 5
17 0
19 5
27 9
10
2
49
36
17
19
22
—9
—9
6
3
1
2
9
5
3
49.2
34 9
16 2
18 7
22 3
—8 0
—7 8
53.7
36 3
17 9
18 4
22 3
—5 0
—5 4
.8
20 9
20. 1
2.8
22 5
19.8
3 2
23 6
20 4
4 4
24 8
20 4
2 8
23 0
20 2
5 6
26 4
20 8
6 0
26 6
20 6
4 8
26 0
21 2
33
24 9
21 6
4 9
26 0
21 0
17
21 9
20 2
17
22 4
20 8
17
22 8
21 2
76.8
44.8
39.1
6. 1
.3
32 0
77.2
44.5
39.1
5.7
.4
32 7
79.5
46 1
41.0
5 4
.3
33 4
81.8
47 5
42. 1
5 7
.3
34 4
78.8
45 7
40.3
5 7
.3
33 1
85.0
49 1
43.7
5 8
.4
35 9
85.7
49 7
44.9
51
.3
36 0
85.8
49 7
44.9
5 2
.5
36 1
86.9
49 1
43.9
5 7
.5
37 8
85.7
49 4
44.3
5 5
.4
36 3
88.3
49 7
43.7
6 3
3
38 6
89.7
50 7
44 1
6 9
3
39 1
92.0
52 2
44.5
8 0
3
39 9
. _ _
13
14
15
Gross private domestic investment
New construction
Residential nonfarm
Other
Producers' durable equipment
Change in business inventories— total
Nonfarm only - _
...
Net exports of goods and services
E xports
Imports .
_
16
17
18
19
20
21
Government purchases of goods and services. . _ _ _
Federal
_. _ ...
National defense.
...
__
Other
Less: Government sales ..
_.
State and local
6
7
8
9
10
11
12
.__
Source: U. S. Department of Commerce, Office of Business Economics.
4
4
4
6
8
2
5
1
5
5
1
9
5
1
9
5
Year
SURVEY OF CURRENT BUSINESS
14
December 19;
Table 3.—Gross National Product, Seasonally Adjusted Quarterly Totals at Annual Rates, in Constant Dollars, 1950—57, and First Three
Quarters, 1958
[Billions of 1957 dollars]
1951
1950
Line
I
II
III
IV
Year
II
1952
IV
III
Year
I
II
IV
III
Year
1
Gross national product
326. 7
336 7
351.2
358.6
343.4
361.2
369 0
376 2
376 9
370 7
379 8
379 5
383 2
393 7
384 1
2
3
4
5
Personal consumption expenditures
Durable goods__
Nondurable goods
Services
221.6
30.4
112 2
79.0
225.3
31.2
113 3
80.8
237.2
39.1
116 4
81.7
228
33
112
82
3
7
4
1
228.1
33 6
113 6
80.9
233
34
116
82
8
6
5
7
225 7
29 1
113 5
83.1
228
29
115
84
9
4
3
1
231. 3
29.0
117 2
85.0
229
30
115
83
231
28
117
85
234
29
118
85
235
28
120
86
5
2
4
8
242
33
121
87
2
0
4
8
235 8
29 8
119 6
86 5
52.4
28. 5
15 5
13.0
21. 1
2.8
2.6
60.7
30 6
17 0
13.6
24.5
5 6
5.1
63.8
31 8
18 2
13.6
26.7
5.3
4.4
74.7
31 5
16 9
14 5
26.4
16 8
15.9
63.1
30 8
17 1
13 7
24.6
7 6
7.0
66.8
31 1
16 3
14 8
24.9
30 8
10.0
71.0
29 6
14 2
15 4
25.5
15 9
15.2
65.6
28 9
13 3
15 6
25.8
10 9
10.3
59.3
28 6
13 4
15 2
25.7
5 0
4.5
56.2
29 0
14 0
15 0
23 2
4 0
36
60
29
14
15
25
5
5
3
9
7
2
2
2
0
57
29
14
15
25
2
2
._
6
7
8
9
10
11
12
Gross private domestic investment
New construction
Residential nonfarm
Other
Producers' durable equipment
Change in business inventories — total
Nonfarm only
13
Net exports of goods and services
14
15
16
Government purchases of goods and services
Federal
State and local
--- ..
9
5
6
7
65.5
29 4
14 2
15 2
25.5
10 7
10.0
4
3
7
5
60.1
29 0
13 6
15 4
26 0
5 0
4 6
3
7
7
9
52.6
29 1
13 9
15 2
26 5
—3 0
—3 6
3
3
1
°
2
8
4
1.9
1.2
-.1
.6
.8
.5
2.5
4.4
4.4
3.0
4.2
3.5
.4
— 6
1 9
50.8
24.3
26 5
49.5
23. 1
26.4
50.3
23.9
26.5
55.1
28 6
26.5
51.4
25.0
26.5
59.9
33 2
26.7
69.8
42 7
27.1
77.3
50. 1
27.2
82.0
54.8
27.1
72.3
45 2
27.0
84.0
56 7
27.3
89.1
61 5
27.6
91.2
63 8
27.4
91.7
63 9
27 8
89 0
61 5
27 5
1954
1953
1955
Line
1
II
III
IV
Year
1
II
III
IV
Year
I
II
III
IV
Year
1
Gross national product
401.2
406.1
402.7
395.9
401.5
391.4
390.0
392.5
400.8
393.9
413.9
422.0
430 5
434 7
425 5
2
3
4
5
Personal consumption expenditures
Durable goods
Nondurable goods
Services
__
246.2
34.6
122.9
88.7
248.5
35.1
123.9
89.5
248.2
35.3
122.9
90. 1
246.3
33.6
122.4
90.3
247.3
34.6
123.0
89.6
245.6
32.6
122. 1
90.9
248.8
33.7
123.4
91.7
251.5
33.9
124.6
93.0
255.9
35.4
126.4
94.1
250.4
33.9
124. 1
92.4
261.7
39.7
126 5
95.6
266.9
40.9
129 3
96.8
273 4
43.4
131 8
98.2
275 4
41.8
134 1
99.5
269 4
41 4
130 4
97.5
6
7
8
9
10
11
12
Gross private domestic investmentNew construction
Residential nonfarm
Other
_
Producers' durable equipment
Change in business inventories — total
Nonfarm only
60.1
30.6
15 0
15.6
26.7
2.8
3.4
60.6
31. 1
15 2
16.0
25.7
3.7
4.5
58.3
31.2
14 9
16.3
26.2
.9
1.6
52.2
31.4
J4 8
16.6
25.7
-4.9
—4.7
57.8
31. 1
15 0
16. 1
26. 1
.6
1.2
53.5
31.5
15 1
16.5
24.9
-2.9
-3.0
53.7
32.6
16 3
16.3
24.3
-3.2
-3.6
55.6
34.0
17 4
16.6
24.0
-2.4
-3.0
59.3
35.5
18 6
16.9
23.1
.8
2
55.7
33.5
16 9
16.6
24.1
-1.9
—2.4
66.2
37.7
20 1
17.6
23.5
5.0
4.2
70.4
38 3
20 4
17.9
25.2
7.0
6.3
72.4
38 5
20 0
18.5
27.5
6.5
59
73.9
38 0
19 3
18.7
28 2
7. 7
7 2
70.8
38 2
20 0
18.2
26 1
6. 5
5 9
13
N e t exports o f goods a n d services
-.2
-.5
-.6
.2
o
.5
1.5
1.2
3.0
1.7
2.0
1.1
1.8
1.4
1.7
95.1
66.9
28.3
97.6
69.3
28.2
97.3
67.8
29.5
96.7
68.0
28.7
91.8
61.4
30.3
86.0
55. 1
30.9
84.2
52.6
31.6
82.5
50.7
31.8
86.1
55.0
31.1
84.0
51.2
32.8
83.5
50.2
33.4
82.9
49.6
33.4
84.0
50.4
33.6
83.6
50. 3
33.3
14
15
16
_
_ . _ .
_ _ _
. _. .
._-
Government purchases of goods and services
Federal
State and local
- - - -
96.8
68.0
28.8
1956
1958
1957
Line
I
II
III
IV
Year
i
II
III
IV
Year
I
II
III
1
Gross national product
433. 2
434.1
435. 2
440.9
436. 0
441.6
442.8
442.4
434. 1
440.3
418.0
419. 0
428.3
2
Personal consumption expenditures
Durable goods
Nondurable goods
Services
276. 4
40.6
135. 2
100. 6
27t> 6
39.3
13.x 6
101 7
276 5
38. 5
134. 9
103 1
280 5
40.2
136. 0
104 3
277 5
39.6
135. 4
102 4
282 5
40. 5
136. 8
105 2
283 5
39. 5
137. 6
106 4
287 2
40.3
139. 8
107 1
284.6
39.4
137. 7
107 5
284 4
39. 9
138. 0
106 5
280.7
36.3
136. 8
107. 7
281. 5
35. 5
137.7
108 3
284.7
35.8
139.9
109. 0
73.4
37.4
18 5
18 9
'?8 3
71.7
36. 9
18 0
18 9
°8 5
6 3
6.6
71.5
36. 9
17 7
19 1
28 9
5.8
5. 7
70.9
36 9
17 9
19 0
•19 i
4 9
4. 7
71.8
37 0
18 0
19 0
28 7
6 2
6.2
67.1
36 9
17 3
19 6
9
9 1
11
.6
67.0
36.0
16 5
19 5
28 2
2 8
1.9
65.9
36.3
16 8
19 5
27 8
18
.9
61.1
36.7
17 5
19 2
26 3
— 1.9
-2.7
65.3
36. 5
17 0
19 5
27 9
10
49.4
35. 7
17 0
18 7
°2 4
—8. 7
— 8.8
48.5
34.2
16 2
18 0
21 8
—7 5
-7.6
52.7
35.7
17 8
17 9
21 8
—4.8
-5.2
'
84.6
49 3
35 2
4
6
8
9
10
11
12
Gross private domestic investment
New construction
Residential nonfarni
Other
Producers' durable equipment
Change in business inventories — total
Nonfarm only
13
Net exports of goods and services
14
15
16
Government purchases of goods and services
Federal
State and local
7. 7
1.0
3.3
3.7
82.3
48 1
34. 2
82.6
48 0
34.5
83.5
48 9
34.6
Source: U. S. Department of Commerce, Office of Business Economics.
,,
3.4
5 7
6.2
4.7
3.0
4.9
1.1
1.1
1.3
83.2
48 (i
34. 7
86.3
50 2
36 1
86.1
50 2
35 9
84.6
48 9
35.7
85.4
48 3
37. 1
85.7
49 4
36.3
86.7
48 9
37.8
87.8
49 9
38.0
89.6
50 9
38.7
IV
Year
SURVEY OF CURRENT BUSINESS
December 1958
15
Table 4.—Implicit Price Deflators for Seasonally Adjusted Quarterly Gross National Product or Expenditure, 1950—57. and First Three
Quarters, 1958
[Index Numbers 1957=100]
1951
1950
1952
Line
I
1
2
3
4
5
Gross private domestic investment.
New construction
Residential nonf arm
Other
Producers' durable equipment
Change in business inventories
12
Government purchases of goods and services
Federal
_-_
.-__ - __State and local
.
. ___ _
83.5
84.9
84.3
89.3
86 2
79.6
86.2
90.7
88.7
80.4
87.7
92.6
90.7
81.5
75.9
79.0
72.2
74.5
77.1
81.3
71 9
75.2
80.5
84.4
75.3
77.1
73.8
74.5
73.1
75.9
77.1
74.7
I
II
III
IV
88.8
89.8
89.9
90.5
91.1
90.3
91.3
96.5
95.2
83.8
92.7
98.1
96 3
86.1
92.9
98.0
96 0
86.9
93 3
97.3
96 2
87.8
93.8
97.2
96 6
88.7
93.2
97.6
96.3
87.4
85 9
90.5
81 8
83.8
84 4
88.5
80 6
83.6
86 8
91.2
82 9
84.2
87 3
91. 1
83 8
84.5
87 4
91.3
83 8
84 0
87 2
90.9
83 6
84.1
87 2
91.1
83.5
84.2
84.9
86.4
81.7
83.7
85.7
80.2
84.6
85.6
82.6
84.4
84.7
83 6
85.8
86.2
84 9
86.7
87.3
85 3
85.4
85.9
84.3
I
II
III
IV
82.9
88.0
88.5
88 7
89.7
85.5
90.3
87.9
80.2
90.5
95.5
94.6
82.6
91.0
96.2
95.2
83.5
91.2
96.9
95.0
84.1
92,3
97.7
96.1
85.1
80.4
84.9
75 2
79.9
78.6
82.5
73.7
76.8
82.7
86.8
78 3
83.1
84.5
88.3
81.0
83.7
84.8
88.9
81.2
83.7
78.2
79.5
76.7
75.9
77.5
74.3
82.6
86.2
78.2
82.6
84.5
79.6
83.9
85.6
80.6
Year
Year
Year
Net exports of goods and services
13
14
15
81.5
75.5
78.3
72.9
_
6
7
8
9
10
11
IV
83.8
88.3
85.8
79.2
.
III
81.4
Gross national product
Personal consumption expenditures _
Durable goods
_
Nondurable goods
Services _ _
_
II
.
__ _ _ _
1954
1953
1955
Line
I
II
III
IV
Year
I
II
III
IV
Year
I
II
III
IV
Year
1
Gross national product. _
90.8
90.8
91.2
91.2
91.0
92.0
92.0
92.2
92.5
92.2
92.8
93.1
93.7
94.1
93.4
2
3
4
5
Personal consumption expenditures
Durable goods
Nondurable goods
Services
93.8
96.0
96. 1
89.8
93.9
95.3
95 7
90.7
94.3
95.3
95.9
91.8
94.3
93.0
95.9
92.7
94.1
94.9
95.9
91.3
95.1
95.6
96 6
93.0
95.1
95.6
96 3
93.2
94.9
95.2
96 0
93.4
95.0
95.6
95 7
93.8
95.0
95.5
96 2
93.4
95 3
96.5
95 8
94. 1
95 3
95.6
95 6
94. 6
95
95
95
95
95
95
95
95
6
2
6
8
95 4
95.6
95 7
94.9
6
7
8
9
10
11
Gross private domestic investment
New construction
Residential nonf arm
Other
Producers' durable equipment
Change in business inventories
87.9
91 4
84 5
84.4
89.1
92 0
86 4
85.7
89.0
92 5
85 8
86.4
88.8
92 0
85 8
85. 5
88.7
92 0
85 6
85.5
88.4
91 3
85 7
86.2
88.6
90 2
87 1
86.4
88.7
90 7
86 7
86.4
89 1
91 1
86 8
86.4
88 7
90 8
86 6
86.4
89 8
91 8
87 6
87.3
91 2
93 0
89 2
87.9
92 0
94 2
89 6
88.7
93 2
95 3
91 0
90.1
91 6
93 6
89 4
88.6
12
Net exports of goods and services
13
14
15
Government purchases of goods and services
Federal
State and local
86.0
85.8
86.5
85.4
85.0
86.3
85.4
84.9
86.7
85.9
85.3
87.2
85.7
85.2
86.7
86.5
86 1
87. ')
86.5
85.4
88.4
88.0
87 2
89.3
88.5
87 5
90. 1
87.4
86 5
89.0
88.9
88 1
90 1
89.6
89 1
90 4
91.4
91 4
91 5
91.8
91 5
92 4
90.4
90 0
91 1
__. ._
1956
1957
1958
Line
I
1
IV
Year
I
II
III
IV
Year
I
II
III
_ __
94.8
95.6
96.6
97.6
96.2
98.8
99.6
100.7
101.1
100.0
101.9
102.4
102 5
Personal consumption expenditures
_ _ _ _. . _ _
Durable goods- . .
_ __ _
Nondurable goods
Services
. _
_ _ _ _ _ _ _ _ _ _ _ _
96.0
95.3
95 9
96.3
96.6
96. 1
96 6
96.9
97.6
97.3
97.6
97.6
98.2
98.4
98 1
98.2
97.1
96.8
97 0
97.3
99.0
99.1
99 0
99.0
99.7
100.0
99.6
99.6
100.4
100 2
100 5
100.3
100.9
100 6
100 8
101.2
100.0
100 0
100 0
100 0
101.9
100 1
102 2
102 2
102.4
100 5
102 6
102 8
102.4
100 9
102 2
103 1
6
Gross private domestic investment
_ _ __ _
New construction
Residential nonfarm __ _ _ _ _ . _
Other
Producers' durable equipment _
Change in business inventories _. .. _ _ _ _
94. 1
96.2
92 0
91.5
97.0
98.3
95 7
93.4
97.3
99.0
95 6
94.6
98.0
99.2
97 0
96.9
96.6
98.2
95 1
94.1
97 9
99.1
96 9
98.6
100 2
99.9
100 4
99.6
100 8
100.7
100 9
100 4
101 2
100.5
101 8
101 4
100
100
100
100
101
100
102
101
7
9
3
9
101 9
100 1
103 6
102 5
101 6
100 6
10° 5
102 7
93.3
93 2
93.4
93.5
92 6
94.7
95.3
94 4
96.4
96.8
96 2
97.6
94.7
94 1
95.6
98.5
97 8
99 4
99.5
99 0
100 3
101.4
101 5
101 1
101.8
101 6
102 0
100.0
100 0
100 0
101.8
101 5
102 2
102.2
101 6
102. 9
102 7
102 5
103 1
7
8
9
10
11
_ _ „ ___
III
2
3
4
5
Gross national product _ _
II
4
4
7
1
0
0
0
0
12 i Net exports of goods and services .
13
14
15
Government purchases of goods and services
Federal
State and local
_ -_ -
Source: II. S. Department of Commerce, Office of Business Economics.
(Text continued on page 24)
III
Year
by Marie T. Bradshaiv, Daniel Roxon, Max Lechter
Foreign Trade
and the Business Adjustment
u,
iNITED States foreign trade during 1958 was characterized by a sharp contraction in exports from 1957's record
rate, while imports were maintained at near last year's
all-time high. Exports (excluding military grant-aid) which
were at a peak annual rate of $20.5 billion, seasonally adjusted, in the Suez-influenced first quarter of 1957, declined
during the remainder of that year and then slumped sharply
to a low of $16.3 billion in the first quarter of 1958, remaining
at about that level in the following two quarters.
The reduction in foreign purchases of United States goods
between the first quarters of 1957 and 1958 contributed to
the decline in domestic business activity which began after
the middle of last year. However, while exports and the
GNP both reached their low points in the first quarter of
1958, the course of foreign sales has not been a contributing
factor in the subsequent domestic business recovery.
Nevertheless, the value of nonmilitary exports in 1958 will
probably be the third highest in history.
The role of exports in the recent recession and recovery is
in contrast to that in the preceding cyclical period of 19531954. The export rise which began in early 1954 helped to
limit the depth and duration of that business downturn and
contributed to the subsequent economic upswing which
continued into mid-1957 (see chart).
In contrast to the recent weakness in exports, imports
during 1958 have been maintained at a high rate, having
slipped only a moderate 4 percent in value to a seasonally
adjusted annual rate of $12.6 billion in the first 9 months of
this year from the peak of $13.1 billion in the second half of
1957. After adjusting for prices, moreover, the volume of
imports was hardly one percent lower.
Imports in the recent recession were relatively more stable
than during the 1953-54 business cycle. While that business
decline was more moderate than the recent one, the value of
imports dropped by about 10 percent, or over double the
1957-58 percentage drop. Since import prices were actually
rising during 1953-54, the volume drop in imports was even
greater.
exports other than petroleum. Since Europe and Japan are
our leading markets for these commodities, the trend of
economic activity in these areas is of relevance.
Business expansion in Europe slackens
The rate of economic expansion in Western Europe
slowed during 1957 and in the first half of 1958 virtually
stabilized at about the level of the second half of the preceding year. In consequence, consumption of industrial
materials stopped rising and inventories, which may have
been inadequate during the earlier stages of the 1953-1957
upswing, became burdensome.
Foreign Trade Patterns in Two Domestic
Business Adjustments
Rising exports coupled
with sliding imports
bolstered GNP in 1953-54
Sliding exports coupled
with stable imports
contributed to the
1957-58 decline in GNP
Billion Dollars (ratio scale)
500
GNP
400
GNP
300
25
20
Drop in exports of producers' supplies
15
Exports
The decline in nonmilitary exports during the first nine
months of 1958 from the record set in the like 1957 period
can be attributed primarily to the weakening in sales of
producers' supplies and materials, which accounted for
three-fourths of the drop. Even after deducting petroleum
exports during both periods to eliminate the effects of Suezemergency oil shipments in earty 1957, the remaining $1.5
billion loss in shipments of industrial materials was still
responsible for almost 70 percent of the change in total
Imports
10
Imports
JL
8
1953
1954
1957
1958
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
NOTE.—MISS BRADSIIAW, ME. ROXON, AND MR. LECIITER ARE MEMBERS OF THE BALANCE OF PAYMENTS DIVISION, OFFICE OF BUSINESS
ECONOMICS.
16
* Excludes military grant aid
U. S. Department of Commerce, Office of Business Economics
Data:-Census Bur 8 QBE
58 - 2! - 5
December 1958
SURVEY OF CURRENT BUSINESS
Although total U. S. exports to Europe turned down during
1957 (see table 2), just about all of that decline was attributable to the reduction in shipments of foodstuffs, cotton, and
petroleum. It was not until the first quarter of 1958 that
n on agricultural exports (excluding petroleum) began to fall
off sharply. For the first 9 months of 1958, the decline
in such shipments from the corresponding period of 1957
was almost $500 million. The bulk of this large decline
was accounted for by coal, steel scrap, unfabricated copper
and other producers' supplies and materials.
Mounting pithead stocks of coal in Continental Europe
and the United Kingdom, attributable to the slackening of
steel production and increased competition from oil and
other energy sources, together with very heavy coal imports from the United States by the European Coal and Steel
Community in recent years, were responsible for the reduction in demand for U. S. coal during 1958. The reduction
of inventories by steel consumers in Europe and declining
exports to third countries were reflected in a drop in Europe's
steel output of almost 10 percent in the third quarter of
the current year compared to the year before, and contributed to the decline in U. S. exports of scrap and other
steel products to that area.
Plentiful world supplies of copper since mid-1956, at
continually falling prices, have adversely affected the volume
and value of U. S. exports of this metal from the spring of
last year through mid-1958. In more recent months, this
trend may have been interrupted temporarily as strikes in
Rhodesia and Canada reduced world output and foreign
buyers drew more heavily on United States supplies.
Although United States agricultural exports for the whole
fiscal year ending June 30, 1957, marked a record, a downturn
in such shipments became evident after the March quarter
of 1957 and continued into 1958. For the first three calendar
quarters of 1958, the flow of our agricultural supplies and
foodstuffs to Europe, our leading market, was nearly $350
million below the corresponding year-earlier period. With
European cotton consumption easing, coincident with a
shift from an accumulation to a reduction of raw cotton inventories, United States cotton exports to this region slumped
by one-third, or by over $150 million.
Grains, meat products, some fats and oils, and scattered
declines in other agricultural commodities and foodstuffs
accounted for the remainder of the drop in farm products exports to Europe, reflecting better harvests and more ample
supplies there, as well as a temporary slowing down during
fiscal 1957-58 in the United States Government's disposal
programs for surplus farm goods.
The reduction in Europe's imports and the maintenance
of its exports to the United States (see table 2) have contributed to a substantial improvement in the reserve position
of most European countries since the fourth quarter of
1957, and has permitted some relaxation of earlier restrictive
policies on import trade. The outlook for an upturn in
this country's total trade with the European area is, however,
contingent both on a substantial upswing in business activity
there and the size and quality of that area's agricultural
' output in the coming harvesting season.
Export downtrend to Japan persists
United States shipments to Japan in the first 9 months of
1958 were at an annual rate 43 percent below the peak set
in the second quarter of 1957 (see table 2). As a result of
spreading production cutbacks since then, high inventories,
and a continued decline in domestic capital formation, the
drop in U. S. exports to that nation has, as in Europe, been
concentrated in industrial supplies such as steel scrap and
other iron and steel, copper, fuels, and cotton. By the second
quarter of 1958, the aggregate export value of these items
490032°—58——3
17
had plummeted to $70 million compared with over $200
million in the peak second quarter of 1957. Such shipments
declined further in the third quarter of 1958.
Some of Japan's monetary and credit restrictions have
recently been relaxed and its international liquidity position
has improved as a result of substantial reductions in its
imports while exports were relatively well maintained.
However, industrial output has hovered not far above the
low reached early this year and this is a factor which would
make unlikely an immediate recovery in purchases of
industrial materials from the United States.
Capital equipment exports ease
The decline in capital equipment exports from the first 9
months of 1957 to the corresponding period this year
amounted to 10 percent as compared to the 29 percent drop
in exports of industrial materials (including fuels). In fact,
it was not until the second quarter of 1958 that shipments
of heavy machinery and commercial transportation equipment displayed any substantial year-to-year loss. Although
the rate of decline from the preceding year did not steepen
in the following 3 months, there was a further reduction—
partly seasonal—in the absolute value of these shipments
(see table 1).
The apparent stability displayed during 1957 in total
exports of capital equipment concealed diverse trends in
shipments to different areas. Exports to Canada dipped in
the second half of that year but were offset by rising sales to
Latin America which continued through the first part of
1958.
Completion of a number of large resource development
projects and the slowdown, at least temporarily, in others
are reflected in the sharp cut of two-thirds in the value of
net outflows of direct investment capital to Canada during
the first half of 1958 from the exceptional highs of the year
before. This contraction reacted adversely on U. S. exports
to Canada of construction, excavating, mining and other
machinery, and transportation equipment, just as preceding
record capital outflows boomed sales of these products.
Such shipments in the first 9 months of 1958 were off $190
million, or by nearly one-fifth, from the same 1957 period.
Table 1.—Domestic Exports of Agricultural and Nonagricultural
Products by Economic Categories, Annual 1956 and 1957 and
Quarters, 1957 and 1958
[Millions of dollars]
Annual
1956
1957
Jan.-Sept. Jan.-Mar. Apr.-June July-Sept.
1957
1958 1957 1958 1957 1958 1957 1958
Total domestic exports, adjusted 1 (excluding military
aid)
17, 167 19, 259 14, 564 11, 994 5,043 4,043 5,090 4,180 4,431 3,771
Nonagricultural, total
Agricultural, total
12, 997 14, 752 11, 191 9,175 3,761 3,118 3,960 3,192 3,470 2, 865
4,170 4,507 3,373 2,819 1,282 925 1,130 988 961 906
Producers' supplies and materials
_ _ __
Nonagricultural
Agricultural
_ _
7,361 8,621 6,667 4,773 2,384 1,614 2,280 1,636 2,003 1, 523
5 899 6,821 5,325 3,782 1,853 1,254 1,847 1,300 1,625 1,228
1,462 1,800 1,342
991 531 360 433 336 378 295
Capital equipment
5,242 5,869 4,417 3,963 1,408 1,362 1,630 1,393 1,379 1,208
Food and drugs
_ _
Nonagricultural (mainly
drugs)
Agricultural
_ _ _ __ _
2,996 3,034 2,265 2,058
829
643
775
731
661
684
327
288
234
230
2,708 2,707 2,031 1,828
78
751
78
565
78
697
79
652
78
583
73
611
Finished consumer goods 2
1,274 1,286
All other and unclassified 3
294
449
939
909
329
314
329
319
281
276
276
291
93
110
76
101
107
SO
1. Adjusted to exclude exposed motion picture films exported on a rental basis.
2. Excluding food and drugs.
3. Principally shipments valued under $100 and cash sales of military equipment.
Source: U. S. Department of Commerce, Office of Business Economics.
18
SURVEY OF CURRENT BUSINESS
The downward movement in total U. S. exports to Canada,
which began in 1957, continued in 1958. The improvement
in Canada's business activity which became evident early in
1958 was due largely to increased residential construction and
Government spending, while recovery in mining and industry
lagged. Consequently, the overall decline in exports has been
paced by a severe slash in shipments of industrial supplies,
particularly coal and steel, which in 1958 dropped by 42
percent, or by over $175 million.
Export dip to Latin America
The high rate of U. S. shipments to Latin America persisted through the first quarter of 1958. Table 2 shows the
subsequent downturn in United States exports to Latin
America and also points up the more moderate decline in our
imports from this region. In the second quarter of 1958, in
fact, Latin America's trade deficit with the United States
was reduced by nearly one-half from the same period a year
before. This is directly contrary to the trend in Latin
America's trade with Europe during 1958. Imports of the
OEEC countries (even excluding petroleum) from that area—
especially U. K., Germany, France, Italy, and the Netherlands—were sharply lower than a year ago, while exports into
the third quarter of 1958 were well sustained and even somewhat higher than last year. It would appear, therefore, that
the worsening of Latin America's export trade during 1958
can be attributed more to its trading experience with Europe
than with the United States.
In 1958 Venezuela experienced a severe reduction in the
inflow of U. S. direct investment capital from the extraordinary volume of 1957. Morever, the tempo of Venezuela's
own internally financed development program subsided and
petroleum sales were down from the exceptionally high rate
of the Suez emergency period. The resultant easing in
Venezuela's economic activity combined with the now excessive level of inventories—accumulated as a result of the
recordbreaking import year of 1957—reduced Venezuela's
import requirements. In the third quarter of 1958, U. S.
exports to that country fell sharply and were one-third less
than in the corresponding period of 1957 and only moderately
December 1958
above the more normal rate of 1956. For the 6 months ending in September, the export decline to Venezuela alone
accounted for virtually half of the entire drop in United
States total exports to Latin America. Most of the remaining decline was distributed among a half dozen countries:
Colombia, Cuba, Argentina, Chile, Peru, and Uruguay.
Sales to Mexico increased and that country replaced
Venezuela as our leading Latin American market. Exports
to Brazil were quite well sustained in the face of considerable
reductions in coffee revenues as that country had recourse
to large credits from U. S. commercial banks and the ExportImport Bank as well as to substantial loans from the
International Monetary Fund and Bank.
Finished consumer goods show stability
The outstanding feature of finished (nonfood) consumer
goods exports has been the stability displayed over the past
three years in contrast to the substantial swings in every
other category of exports (see table 1). The share of such
goods in our total exports is relatively small, comprising
less than 8 percent in 1958. Scattered gains in sales of
electric household appliances and cigarettes helped offset
the 10 percent decline in shipments of passenger cars, the
largest single item within this category. Reduced automobile exports reflect in large part the increased penetration
of European cars into Canada and Latin America, our leading
markets.
Export outlook for food brightens
Food exports in the third quarter of 1958 showed the
first quarterly year-to-year increase over 1957. Such
exports during January-June were below the exceptionally
heavy movements of the first 6 months of 1957, but were
an extension of the reduced level of shipments in the latter
half of that year.
Wheat exports in the crop year ending June 1958 were
down from the all-time highs set in the preceding 12-month
period, due in large part to better-than-normal 1957 harvests
Table 2.—Exports (Agricultural and Nonagricultural), General Imports, and Trade Surpluses or Deficits with Major Geographic Areas,
by Quarters, 1957 and 1958
[Millions of dollars]
Total exports, including
reexports (excluding
military aid)
I
All areas
II
III
IV
Exports of petroleum
and products
IV
Exports of other nonagricultural products
Agricultural exports
I
L
II
III
IV
II
I
II
III
185
178 3,449 3,756 3,332 3,428 1,282 1,130
925
988
148 n. a. 3,033 3,095 2,759 n. a.
1057
1958
5, 094 5,143 4,478 4,740
4,090 4,224 3,813 n. a.
363
132
257
141
Canada
1957
1958
1,017 1,140
823 950
965
912
854 n. a.
30
17
33
24
33
36
22 n. a.
910 1,005
829
733
852
780
750 n. a.
77
73
102
97
Latin America
1957
.. _
1958
1,079 1,180 1,160 1,244
998 n. a.
1,066 1,054
48
33
51
35
41
35
31 n. a.
907 1,004
905
906
978 1,063
839 n. a.
124
128
Europe
1957
1958
1,746 1,541 1,356 1,469
1, 216 1,230 1,130 n. a.
198
29
89
23
34
37
28 n. a.
865
762
910
734
863
860
660 n. a.
18
12
19
10
15
10
13 n. a.
209
111
233
114
558
522
604
512
Japan 1
1957
1958
All other countries
1957- _
1958
356
215
365
228
249
184
896
770
917
762
748
854 269 265 264
647 n. a. 241 M9 254
261
n. a.
258
n. a.
III
IV
General imports
I
II
III
Surplus (+) or deficit (— )
IV
I
III
IV
961 1,134 3,240 3,208 3,197 3,332 +1,854 +1, 935 +1,281
906 n. a. 3,128 3,157 3,152 n. a.
+962 +1,067
+661
+1,408
n. a.
667
608
738
663
754
746
702 n. a.
+350
+215
+402
+287
+211
+152
+166
n. a.
125
113
141
146 1,024
128 n. a.
933
908
910
882
955
859 n. a.
+55
+133
+272
+144
+278
+139
+289
n. a.
683
425
542
473
459
572
442 n. a.
760
768
796
773
745
833
823 n. a.
+986
+448
+745
+457
+611
+307
+636
n. a.
124
148
92 n. a.
129
92
113
104
91
122
79 n. a.
133
150
140
152
168
160
177 n. a.
+223
+65
+225
+76
+81
+7
+101
n. a.
494
598
418 n. a.
269
207
248
201
198
190
175 n. a.
656
669
626
659
648
638
591 n. a.
+240
+101
+291
+103
+100
+56
+216
n. a.
80
96
82 n. a.
n. a. Not available.
1. Excludes all "special category" exports, which are included in All Other Countries for security reasons.
2. Includes following amounts of "special category" petroleum shipments not allocable by country: 1957—1, 24; II, 30; III, 35; IV, 32. 1958—1,19; II, 24; III, 27.
Source: U. S. Department of Commerce, Office of Business Economics, based on data of the Bureau of the Census.
II
SURVEY OF CURRENT BUSINESS
December 1958
19
Table 3.—Exports, Domestic Production, and Use of Selected Commodities, 1957—58
Commodity and year
Unit
CAPITAL EQUIPMENT:
Machinery and Related Equipment:
Electrical machinery 4
1957, January-September
1958, January-September
Other machinery (including agricultural)
1957, January-September
1958, January-September
Metalworking machinery
1957, January-September
1958, January-September
Tracklaying tractors 5
1957, January-September
1958, January-September
Wheel-type tractors
1957, January-September.. _
1958, January- September
Agricultural machinery
1957, January- June
1958, January-June
Commercial
ment:
Transportation
Domestic
Doproduc- mestic
tion J
use 2
Exports 3
Quan- Percent
tity or of dovalue mestic
use
NONAGRICULTURAL PRODUCTS
DRUGS AND MEDICINALS:
Mil. dol.
15, 819
14, 097
15, 157
13, 452
662
645
4.4
4.8
Mil dol.
22, 474
19, 935
20, 319
17, 994
2,155
1,941
10.6
10.8
900
437
789
340
111
97
14.1
28.5
306
228
126
131
180
97
142.9
74.0
339
380
296
335
43
45
14.5
13.4
379
458
357
454
22
4
6.2
.9
Mil. dol.
Mil. dol.
Mil. dol.
Mil. dol.
Thous.
Trucks and buses
1957, January-September.. . ..
1958, January-September
Mil. dol.
Civil aircraft
1957, January-September
1958, January- September
Number
Locomotives
1957, January-September
1958 January-September
Number
Railway passenger cars
1957 January-September
1958, January-September
Thous. sh. tons
Mil. Ibs.
Thous. sh. tons
Thous. sh. tons
Sh. tons
Thous. Ibs.
2,131
2, 857
1,870
2,428
261
429
14.0
17.7
417
363
328
282
89
81
27.1
28.7
2,677
2, 542
2,211
1,995
466
547
21.1
27.4
4,589
3, 577
4, 484
3, 434
105
143
2.3
4.2
2,628
2,306
2,374
2,054
254
252
10.7
12.3
745
836
69'J
784
46
52
6.6
6.6
Tril. internat.
units
1957, January-September
1958, January-September
Sulfa drugs
1957, January-September
1958, January-September
Thous. Ibs.
FINISHED CONSUMER GOODS
(except food and drugs) :
TV sets
1957, January-September
1958, January-September
Electric household refrigerators
1957, January-September
1958, January-September
Home-type electrical freezers
1957, January-September
1958, January-September
6657
6536
156
120
543
367
389
233
154
134
39.6
57.5
1,019
338
330
565
32.4
167.2
125
Thous.
-
Raw cotton
1956-57, August- July
1957-58 August-July
Tobacco, unmanufactured
287
108
Thous.
PRODUCERS' SUPPLIES:
1,349
903
Thous.
23.7
22.4
412
108
AGRICULTURAL PRODUCTS
43.6
Mil. sh. tons
Thous. sh. tons
Vitamins (ascorbic acid)
1957, January-September..
1958, January-September
Penicillin
832
613
PRODUCERS' SUPPLIES:
369
288
6308
6266
60
39
19.5
14.7
64,010 657,337
41, 814 639,618
5,211
2,164
9.1
5.5
62, 584
42, 998
59, 294
41, 928
3,290
1,070
5.5
2.6
3,072
3,070
2,724
2,679
348
391
12.8
14.6
3,222
2,945
2,993
2,788
229
157
7.7
5.6
1,521
1,281
1,038
1,164
483
117
46.5
10.0
48, 200
52, 600
23, 100
24, 700
25, 100
27, 900
108.7
113.0
1. Production where available, otherwise manufacturer's shipments or sales.
2. Unless otherwise noted, production or sales less exports plus imports, unless imports are
negligible.
3. Exports less imports unless imports are negligible.
4. Includes household appliances, radio, and television sets.
5. Series in 1958 are not exactly comparable with data for 1957, since all 1958 series exclude
tractor shovel loaders which are included in 1957.
in Europe. As heavy shipments were dispatched to India
under Government programs, Asia displaced Europe as the
leading destination for U. S. wheat exports. The high
quality of the large European wheat crop, however, caused
a shortage of feed grains, stimulating an expansion in U. S.
exports of such grains to a new record in the fiscal year
just passed.
Below year-ago movements of rice, vegetable oils and
some other food products in fiscal 1957-58 were particularly
affected by the one-third reduction in Government surplus
disposal financing. Straight commercial sales of soybeans
abroad set a new record, however.
EXPORTS AND DOMESTIC PRODUCTION
Despite the slackened pace of overall exports in 1958,
sales to foreign buyers of nonagricultural machinery and of
commercial transportation equipment, electric household
Unit
NONAGRICULTURAL PRODUCTS
Equip-
Bituminous coal
1957, January- September
1958, January-September
Iron and steel scrap
1957, January-September
1958, January-September
Other iron and steel (excluding
pig iron)
1957, January-September..- 1958, January-September
Plastics and synthetic resins
1957, January-September
1958 January-September
Sodium hydroxide
1957, January-September
1958, January-September
Ammonium sulfate
1957 January-September
1958, January-September
DDT
1957 January-September
1958, January-September
Commodity and year
Exports 3
Domestic
Doproduc- mestic Quan- Percent
tion i
of douse 2 tity or
value mestic
use
1956-57, crop years 7
1957-58, crop years 7 .
Feedgrains
Barley (including malt)
1956-57, July- June
1957-58 July- June
Grain sorghum
1956-57, October-September.
1957-58, October-September.
Thous. bales
13, 151
10, 880
6 8, 736
6 7, 983
7,756
5, 689
88.8
71.3
1, 925
1,482
Mil. Ibs.
export weight
6 1, 295
6 1, 312
399
362
30.8
27.6
377
436
6332
6326
35
67
10.5
20.5
206
6 186
22
11.8
562
6275
57
20.7
1,004
947
6588
3584
541
391
92.0
67.0
2.427
2.247
6 1, 952
' 1. 876
530
394
27.2
21.0
6284
6309
159
160
56.0
51.8
Mil. bu. (barley
equivalent)
Mil. bu.
FOOD:
Wheat (including flour and other Mil. bu. (wheat
products)
equivalent)
1956-57 July- June
1957-58, July- June
Lard
Mil. Ibs.
1956-57, October-September--1957-58, October-September-Soybeans (including products)
Mil. bu. (soybean equivalent)
1956-57, October-September--.
1957-58, October-September- .-
449
480
6. Consumption, or registrations in the case of passenger cars, trucks, and buses.
7. July-June for flue-cured and cigar-wrapper; all other types, October-September.
Sources: U. S. Department of Commerce: Industry Survey and Business Statistics of
Office of Business Economics; BDSA; Bureau of Census, and U. S. Department of Agriculture.
appliances, and selected chemicals and drugs have not
declined as much as domestic sales and in some instances—
such as locomotives, television sets, plastics, and some drug
items—rising exports have partly offset the decline in U. S.
domestic sales. In the case of a number of key primary
materials, however—principally coal and steel—and for
certain agricultural crops, exports declined faster than
domestic sales (see table 3).
Exports aid heavy goods
Continuing the trend of the past several years, foreign
sales of nonelectrical machinery claimed an increasing share
of total output and in the first quarter of 1958 were over
11 percent as large as domestic sales, a greater proportion
than in any preceding period. In this quarter, which marked
the trough of the recent business cycle, net foreign sales
were only four percent below a year ago while the year-to-
SUEVEY OF CUKRENT BUSINESS
20
year setback in domestic demand was three times as great.
Though exports of nonelectrical machinery subsequently
dropped while domestic sales showed relatively little change,
the ratio of foreign to domestic sales remained over one-tenth,
greater than in any year prior to 1957.
Exports of civil aircraft and locomotives made a better
showing in 1958 relative to domestic demand than the year
before while exports of trucks and buses maintained the
same relative position and shipments abroad of railway
passenger cars disappeared entirely.
Locomotive sales abroad, which have expanded almost
without interruption since 1955, reached a peak in the third
quarter of 1958 when 249 locomotives were delivered to
foreign customers compared with only 27 locomotives installed in domestic service.
The number of commercial planes delivered to foreign
airlines in the first 9 months of 1958 was 58 percent of the
number completed for domestic customers compared with
less than 40 percent in the same period a year ago. Moreover, in the third quarter of the year, foreign flag purchases
rose to 80 percent of those delivered to domestic lines.
The current importance to American producers of the
continued high rate of exports of insecticides and of a number of drug products such as penicillin, sulfa, and ascorbic
acid, is evidenced by the increased share of domestic output
accounted for by such foreign sales (see table 3). For example, over 60 percent of total DDT production in this
country in the first half of the current year was channeled
into foreign markets, spurred by the global drive to eradicate malaria.
Despite potent competition from Europe's fast-growing
plastics industry, United States export sales of plastics and
synthetic resins continued to expand while sales in the
domestic market during the first 9 months of 1958 were
smaller than a year earlier.
Coal and steel
Most prominent among industrial materials exported in
lesser quantities during 1958 were coal, and iron and steel
products. Contrary to the experience in the first half of
1957, when increased foreign demand proved a major factor
in sustaining domestic output of these products, the greater
relative decline in 1958 in foreign than in domestic sales
augmented the problems of these U. S. producers in the early
months of the year. The recovery in output since then must
be attributed to the improvement in business activity in this
country as exports have continued to deteriorate. Net
exports of iron and steel in July, in fact, were almost negligible
as expanded imports of finished steel products in that month
virtually matched sagging exports—a unique relationship in
the modern history of the steel industry.
IMPORT VALUE NEAR RECORD
The value of merchandise imports in the January-September 1958 period dipped only a moderate 2 percent below
the record corresponding period of 1957. After adjusting
for lower import prices, however, the volume of imports
during the current 9-month period proved to be actually
2 percent higher than a year ago.
Industrial materials dip
As might be expected from their closer relationship to
business activity than other types of goods, imports of
industrial supplies and materials showed the greatest reaction
to the cyclical downturn of 1957-58, but the dip in imports
was considerably milder than the drop in domestic manu
December 1958
facturing output. While the latter turned down after the
first quarter of 1957 and dropped by 12 percent to its low
point in the second quarter of 1958, the volume of industrial
materials imports continued to rise through the third quarter
of 1957 and then slipped a more moderate 8 percent during
the next two quarters (see table 4). This is contrary to the
experience in the 1953-54 recession when the much steeper
peak-to-trough decline in the rate of industrial materials
imports was more than double the relatively milder dip in
manufacturing output.
Whereas manufacturing activity has made a definite
recovery since mid-1958, the upturn in imports in the second
quarter of the year may have been due just to seasonal
factors. Data available through September give evidence of
continued weakness in imports of a number of key industrial
materials.
The reduction in imports of this category of goods has
been more than compensated by the increased strength of
food and nonfood consumer items, and of materials associated
with farm production (see table 5).
Petroleum imports higher, newsprint off
The value of petroleum imports in the first half of 1958
exceeded the same period last year despite a drop in average
unit prices of over 5 percent (see table 4). The increase
reflects the low level of arrivals in the Suez-affected early
months of 1957. During the four quarters ending June 1958,
the first full year of operation of the Government's voluntary
quota program on crude oil imports, the combined volume of
crude and refined petroleum imports has remained practically
constant. Tightened quota restrictions in the first half of
1958 reduced the inflow of crude below the last 6 months of
1957 but this loss was almost exactly offset by rising imports
of refined products. The stability of total petroleum imports
is in contrast with the 7 percent reduction in domestic output
in the same period. In the last half of the current year,
both imports and domestic production have turned up as
demand strengthened and excessive inventories were reduced
to more balanced levels.
As newsprint consumption continued to slacken during
the first 9 months of 1958, both imports and domestic production were off by about 8 percent from the corresponding
period a year ago (see table 6). Consumption has been affected by higher newspaper prices as well as by the drop in
advertising linage.
Softgoods weak; recovery in lumber
Largely reflecting the continued reduction in raw wool
imports, the aggregate value of imports of materials associated with nondurable goods production declined by 14 percent in the first half of 1958 compared with the same yearearlier period. Since part of the decline was due to falling
world prices, the actual loss in terms of volume was 10 percent, and compares with the 1% percent downturn in the
index of domestic textile, apparel and leather production
(see table 4). The drop of 28 percent in the volume of wool
imports alone was compensated to a large extent by much
smaller losses and some scattered gains among all the other
commodities in this category.
The decline in mill use of apparel wool from the cyclical
peak in the textile industry in mid-1956 apparently reached
bottom around the end of 1957 and since then has shown a
gradual and continuous improvement. By the third quarter of 1958, consumption had recovered to a point about
equal to the year before. Nevertheless, mill use in the first
9 months of the current year was still some 18 percent below
the corresponding period of 1957.
Carpet wool imports have declined somewhat less from last
December 1958
SUEVEY OF CURKENT BUSINESS
21
Table 4.—General Imports of Industrial Supplies and Materials and Related Indicators of Domestic Demand, 1956-58
Imports of petroleum and products
Total imports of
industrial supplies
and materials
Total
mfg.
Indexes
production
1956=100
MilFRB
index
lions
Value 1956=
of curin
rent
100
dollars Unit convalue stant
dollars
Year
Millions
of current
dollars
Imports of other
materials associated with nonduraable goods output Textile
apparel
NewsDomestic
and
paper
Indexes
Indexes
Indexes
adverpetroleather
leum
tising
1956=100
1956=100
1956=100 producdemand Millinage Miltion
index lions
index lions
FRB
Value 1956= of curValue index
1956= of curQuan- 100
rent
in
in
rent
1956=
100
dollars Unit condollars Unit conUnit tity
100
in
stant
value stant
value barvalue
doldolrels
lars
lars
Imports of newsprint and paper
base stocks
Private
residential
nonfarm
conIndexes
struc1956=100
tion
Milin conlions
Value stant
of curdollars
rent
in
dollars Unit con- index
value stant 1956=
dol100
lars
Imports of selected
building materials
(excluding metals)
1956
7,234
100
100
100
1,282
100
100
100
1,031
100
100
100
1,247
100
100
100
1957 I
II.
Ill
IV. - _ .
7.137
1,774
1,826
] , 795
1.742
100
103
102
99
98
98
96
99
100
98
101
103
101
99
98
1,534
360
382
406
386
111
116
112
107
110
111
104
108
116
114
100
109
93
95
105
971
239
243
247
242
102
100
103
102
103
93
93
92
94
92
97
92
103
91
103
1,225
341
317
271
296
101
103
100
99
100
98
106
101
88
95
98
103
98
94
94
400
89
102
111
98
1,615
_ . _ _ 1,593
97
93
92
95
92
91
405
386
109
104
118
115
109
94
217
232
101
102
83
88
84
96
298
268
101
94
95
91
94
92
81
97
1958:
I
II_
479
Imports of all other
industrial supplies
and materials
Durable
goods
Indexes
production
1956=100
FRB
Milindex
lions
of curValue 1956 =
in
100
rent
dollars Unit constant
value
dollars
100
100
3,195
100
100
100
95
97
98
93
92
88
77
87
100
89
95
77
96
106
99
3,007
745
782
760
720
96
99
97
94
91
99
94
100
101
99
101
104
101
98
96
91
90
74
91
76
94
614
610
88
85
87
91
88
85
100
Source: U. S. Department of Commerce, Office of Business Economics.
year than apparel wool, but more than consumption as inventories were reduced from a year ago.
The vigorous upsurge in new construction activity to record rates in the late summer of the year provided the impetus for a pickup in United States imports of building
materials during 1958. Imports of lumber, by far the
dominant item in this group, began a more than seasonal
upturn in the second quarter of the year and by June were
13 percent higher in volume than the same 1957 month, a
movement which accelerated during the following 3 months
so that by September, imports were 46 percent ahead of the
year before.
Materials used for durables output down
somewhat more. A portion of this reduced natural rubber
consumption, moreover, was supplied out of inventories so
that the combined effect was to depress imports of natural
rubber by 18 percent in January-September 1958 from the
corresponding period of 1957. Consumption of natural rubber has improved since July, however, and in August and
September showed consecutive increases relative to synthetic
in its share of total rubber use. This development occurred
despite the expansion of the price premium over synthetic
rubber, a reversal of the price relationship prevailing earlier
in the year.
Nonferrous price declines magnify import drop
The decline of nearly 20 percent in the value of nonferrous metal imports in the first half of 1958 from the like
1957 period was magnified by the persistent downward
movement in prices during this period. As a matter of fact,
the volume of these imports through June of the current year
was surprisingly well sustained in the face of softening demand and rising inventory-consumption ratios. The impact
of slackened demand and overhanging supplies fell more
heavily on domestic producers whose cutbacks in production
in the first half of the current year exceeded the relatively
more moderate contraction in imports.
This is strikingly illustrated in the case of lead, where
domestic producers cut output by 19 percent from the first
half of 1957 while imports actually recorded a 27 percent
gain. For copper and zinc, the rate of import contraction
averaged about half the rate of curtailment in domestic output. In the case of aluminum, domestic output was shored
up by continued Government purchases of surpluses in
accordance with earlier agreements, and production and
imports fell at about the same rate. During the third
quarter of 1958, however, imports rose to over double those
of a year ago while domestic output continued much below
Rubber use rebounds
the year-earlier rate.
Anticipation of a substantial gain in new car output in
The divergent behavior of imports and domestic producthe coming year and continued strength in replacement tire
tion for a number of the nonferrous metals can be traced to
shipments brought consumption of new rubber in September
factors not directly related to fluctuations in domestic
to its highest point of the year to that date and marked the
demand. The relatively well-sustained rate of purchases of
first time in the current year that rubber use surpassed the
copper, lead and zinc from foreign suppliers, who offered
same 1957 month. For the first 9 months as a whole, howthese metals at prices below domestic quotations, can be
ever, total rubber consumption was down by nearly 13 per- largely attributed to the anticipation that such purchases
cent from the year before with natural rubber usage off
might be adversely affected by possible Government actions.
Within the broad category of imported industrial supplies
and materials, those associated principally with the production of durable goods exhibited the greatest weakness in 1958
(on the basis of data through August). This group of commodities, comprising nearly 40 percent of total industrial
materials imports, accounted for 80 percent of the decline in
that total between the first halves of 1957 and 1958.
The weakening in the volume of imports of this group
of materials did not become evident until after the third
quarter of 1957, whereas the domestic index of durable goods
production began to ease off in the early months of that year.
Moreover, the decline in the index to its low point in the
second quarter of 1958 was somewhat steeper, amounting to
19 percent compared to the 14 percent drop in imports to
their low point which was reached a quarter earlier. The
subsequent recovery in durable goods manufacturing has
continued into early fall whereas the slight upturn in imports
in the second quarter was largely seasonal and data through
September for certain key commodities does not give positive
evidence of recovery in this group of imported materials.
SURVEY OF CURRENT BUSINESS
22
It was expected that contemplated tariff changes and quota
impositions would bolster falling metal prices and limit imports. Domestic production of lead and zinc, on the other
hand, was affected by the petering out of the Government's
domestic purchase stockpile program which dictated deeper
production cutbacks after the second quarter of the year. In
the case of copper, the presence of heavy supplies abroad at
prices below domestic quotations—a price relationship
which was later reversed—reduced exports sales and contributed to the contraction in domestic output.
In the third quarter of the year, slumping imports of most
nonferrous metals (with the exception of aluminum) more
closely paralleled the continuing downward direction in
domestic output. As that quarter drew to a close, however,
some recovery in consumption and an improvement in inventory-consumption ratios induced producers to increase
mine output by lengthening the workweek, a trend which
continued into the fourth quarter. Imports, on the other
hand, affected by the reimposition in July of the excise duty
on copper and the establishment in October of quota ceilings
on lead and zinc, may not display a similar advance. The
beneficial effect on imports of lead and zinc of the newly
liberalized barter program announced in November is not
expected to be evident until the turn of the year.
Iron ore imports resist sharp drop
The drop in iron ore imports was considerably smaller
than the corresponding drop in steel operations during the
first 9 months of 1958. Despite sharply lower imports in
the third quarter of the year compared to the same 1957
quarter, the 9-month decline was a relatively moderate 19
percent compared to the much steeper decline of 40 and 37
percent, respectively, in domestic iron ore production and
consumption. As a result, the share of United States ore
needs supplied by imports in this period jumped to 28 percent from 23 percent in the same 9 months of 1957. The
lesser sensitivity of imports than domestic production to
reduced demand reflects the persistent flow of ore shipments
from foreign mines owned by major steel companies in the
United States. The brunt of the import decline, in consequence, has fallen on the independent, nonintegrated
suppliers, principally in Canada and Europe.
With Government inventory purchases a passive factor,
imports of ferroalloys in 1958 varied more directly with the
tempo of steel output than in preceding years when large
Government acquisitions abroad produced an inverse rela-
December 1958
tionship between such imports and the operating rate of
the domestic steel industry. In the first 9 months of the
current year, ferroalloy imports were down in value by
30 percent from the same period in 1957. For nickel, a
substantial supply-demand imbalance developed during
1958 as consumption in January-September slumped by 42
percent from the corresponding period the year before, while
imports dipped only a more moderate 17 percent.
Food, auto imports sustaining elements
Food imports, second in magnitude only to industrial
supplies and materials among all categories of imports,
constituted a major element of strength (together with
other consumer goods) in sustaining the value of total
United States imports in 1958 at near the record rate of
1957. Although restrained by lower prices, the value of
food imports in the first half of the current year was 6
percent higher than the corresponding period of 1957.
In 1953-54, too, the higher value of food purchases from
abroad acted to prevent total imports from falling further
than they did. In that period, however, ascending prices
of coffee and cocoa were the major factors behind the increase in food imports in 1954. In 1958, by contrast, the
exceptionally heavy influx of cattle and meat products,
sugar, vegetables, and higher cocoa prices were responsible
for the gain in food imports over 1957, overriding the declines
in the volume and price of coffee sales to this country in the
current year.
The doubling in the value of meat products and live
cattle imports during the first 9 months of 1958—an increase
of more than $170 million over the same year-earlier period—
is the most outstanding feature of the food import pattern
in the current year. The combined volume of such imports
in 1958 will be equivalent to 8 percent of United States
production, surpassing the previous record of 6 percent set
in 1951. With cattle slaughter down in the United States,
favorable prices have encouraged the large inflow of supplies
from abroad.
The rise in sugar imports by 12 percent during JanuarySeptember 1958 over the like 1957 period can be only partly
explained by the 3 percent increase in domestic demand.
Of greater significance was the protracted strike of Hawaiian
sugar cane workers during the first half of the year and the
shortfall in crops in Puerto Rico. The ^apportionment of
the quota deficits of these U. S. territories permitted an
expansion in the volume of Cuba's shipments to this country.
Table 5.—General Imports by Major Economic Categories, 1956—58
Industrial supplies and materials
Food, beverages, and medicinals
Materials and equipment
associated with farm production
Indexes 1956=100
Indexes 1956=100
Indexes 1956=100
Millions
of current
dollars
Unit
value
Unit
value
Finished
(nonfood)
consumer
goods
Capital
equipment
(excluding
agricultural
machinery)
Military
equipment,
noncommercial, and all
other
Indexes 1956=100
Total
Millions
of curValue in
rent
constant dollars
dollars
Millions
of curValue in
rent
constant dollars
dollars
Unit
value
Millions
of curValue in
rent
constant dollars
dollars
Unit
value
Value in
constant
dollars
Millions of current dollars
1956
12, 615
100
100
7,234
100
100
3,173
100
100
413
100
100
1,274
291
230
1957
12, 977
3,240
3,208
3,197
3,332
101
102
101
101
99
102
101
100
101
106
7,137
1,774
1,826
1.795
1,742
100
103
102
99
98
98
96
99
100
98
3,247
879
737
747
884
105
106
105
105
103
98
104
88
90
109
448
115
129
101
103
104
106
104
104
100
105
105
119
94
100
1,534
329
352
407
416
329
84
80
76
89
2§9
59
84
71
68
3,128
3,157
3,152
98
96
n. a.
101
104
n. a.
1,615
1,593
n. a.
97
93
n. a.
92
95
n. a.
842
873
n. a.
104
103
n. a.
102
107
n. a.
130
140
n. a.
102
102
n. a.
124
133
n. a.
374
373
n. a.
75
89
n. a.
92
89
n. a.
I
II
III
IV
1958:
I
II
III
N. a.—Not available.
Source: U. S. Department of Commerce, Office of Business Economics.
December
SURVEY OF CURRENT BUSINESS
1958
Between 1957 and 1958, coffee consumption and imports
moved in opposite directions. As consumption in the first
3 quarters of 1958 rose by 4 percent over the like period of
1957, imports fell by the same rate. Lower unit values
converted the 4 percent volume drop to a 14 percent ($135
million) value decline. Despite export limitations imposed
by Latin American producers, overburdening supplies in
producing countries continued to exert a downward pressure
on prices and roasters here chose to postpone new purchases
and draw down inventories. Domestic coffee stocks by
September 1958 were at minimum operating levels, the
lowest since 1955, having been reduced by 150 million
23
pounds since the start of the year. Thus, supplies obtained
from inventories bridged the gap between rising consumption
and falling imports.
The sensitivity of cocoa bean grindings to rapid and
extreme price changes has again been demonstrated in 1958.
As prices soared after mid-1957 on the news of reduced
African crops, United States grindings in the first 9 months
of 1958 contracted to the lowest rate since 1955. Under the
pressure of reduced consumption and substantial inventory
liquidations, the volume of imports in January-September
1958 fell 18 percent below the same period of 1957. Never-
Table 6.—Supply, Demand, Inventories, and Unit Values of Selected Commodities, by Quarters, 1957 and 1958
Demand
New supply
Commodity
and period
Imports
Unit
I
II
III
IV
I
III
II
Commercial inventories, end
of period
Consumption
Domestic production
I
IV
II
III
("nit value of imports
index (1956=100)
Exports
IV
I
II
III
I
IV
II
III
IV
I
II
III
IV
NEWSPRINT AND PAPER BASE STOCKS
Newsprint:
1957
1958
(Thous. short tons) 1,304 1.321 1,313 1,283
1,161 1, 260 1,171 n. a.
Woodpulp:
1957
1958
(Thous. short tons)
538
482
509
504
532
528
465
440
423
412 1.334 1,747
400 n. a. 1. 522 1,673
480
422
528 5,508 5,517 5, 228 5, 418 5, 944 5,911
n. a. 5, 341 5,202 5, 320 n. a. 5, 658 5, 583
35
25
32
n. a.
909
949
909
924
1,037
965
900
n. a.
100
101
103
101
103
101
102
n. a.
5, 647 5,919 167 167 153
5, 598 n. a. 140 132 115
143
n. a.
870
920
862
944
852
875
889
n. a.
99
103
103
105
101
102
104
n. :\.
1, 573 1,800
1, 505 n. a.
53
30
54
34
OTHER MATERIALS ASSOCIATED WITH NONDURABLE GOODS OUTPUT
Apparel wool:
1957
1958
(Mil. Ibs. clean
content)
33
19
29
22
23
15
Carpet wool:
1957
1958
(Mil. Ibs. clean
content)
39
29
26
21
24
33
25 n. a.
14
n. a.
Annual— 148— Data
Annual— 150 p— .Data
73
51
73
59
63
49
62 n. a.
41
27
32
20
28
29
28
n. a.
5
8
4
4
(*)
(*)
(y)
(0
133
n. a.
11. a.
n. a.
n. a.
n. a.
125
n. a.
117
97
104
89
107
73
104
n. c,
39
33
35
30
35
32
34
n. a.
106
98
106
88
107
104
n. a.
176 15. 293 14, 719 14, 262 13, 981
n. a. 14, 269 13, 936 13, 485 n. a.
94
86
93
84
90
87
8S
n. a.
4
3 n. a.
(*)
(*)
(*)
n. a.
BUILDING MATERIALS
Lumber:
1957
1958
(Mil. bd. ft.)
631
631
740
823
765 8,009 8, 819 8.647 7,633 7, 632 9,930 9. 619 8,584 206
787 1. 041 n. a. 7,274 8, 166 8, 799 n. a. 7, 415 9,101 10, 083 n. a. 202
203 227
185 208
ALL OTHER INDUSTRIAL SUPPLIES AND MATERIALS
Rubber:
(Thous. long tons)
127
133
145
97
141
110
151
n. a.
271
269
261
224
270
255
316
n. a.
391
320
359
313
Iron ore:
1957
1958
(Mil. long tons)
4.5
4.9
8.6
7.0
12.2
8.7
8.4
n. a.
11. 1
9.5
33.7
16.5
41.6
26.2
19.6
n. a.
33.2
21.0
32.1
18.8
Copper:
1957
1958
(Thous. short tons)
157
148
146
141
143
95
147
n. a.
342
312
344
289
310
251
325
n. a.
367
297
368
292
308
316
Aluminum:
1957
1958
(Thous. short tons)
61
60
63
40
42
89
57
n. a.
513
485
531
444
529
459
520
n. a.
479
369
491
421
473
435
469 n. a.
11
10
Lead :
1957
1958
(Thous. short tons)
127
154
124
165
121
151
130 n. a.
217
170
208
173
180
152
188
n. a.
293
232
280
235
281
253
2
(*)
Zinc:
1957
1958
(Thous. short tons)
181
168
189
143
164
141
168
118
166
119
137
101
131
n. a.
279
210
255
209
243
257
230 n. a.
Tin:
1957
1958
(Thous. long tons)
13.9
11.1
14.3
15.4
17.1 10.7
10.1 n. a.
15.5
11.6
14.5
11.7
13.5
12.7
11.1
n. a,
Nickel:
1957
1958
(Mil. Ibs.)
62
54
86
71
76
64
61 n. a.
54
43
74
36
62
31
55
n. a.
1957
1958
_ _..
182
n. a.
Annual—20— Data
Annual— 20— e Data
353
332
362
n. a.
32.1 27.6
21.9 n. a.
55
57
55
46
280
322
264
276
264
266
302
n. a.
95
79
90
74
92
70
89
n. a.
42.1
63.3
49.1
65.3
68.8
77.0
70.6
n. a.
98
100
106
104
102
103
102
n. a.
56
n. a.
.6
.3 1.7 2.4
.2 .9 1.8 n. a.
341 105
n. a. 74
266
n. a.
50
53
96
85 102
81
n. a.
468
571
473
580
507
482
508
n. a.
83
59
76
58
70
62
63
n. a.
10
11
12
20
10
n. a.
553
625
590
577
618
561
592
n. a.
101
105
101
102
104
96
105
n. a.
1
(*)
1 (»)
(*) n. a.
341
404
328
424
321
422
385
n. a.
99
78
95
71
87
66
83
n. a.
2
3
1 <*)
5
1
<*) n. a.
179
280
204
316
226
300
255
n. a.
106
70
104
68
83
78
76
n. a.
.4
.2
.4
.2
.4
.5
.3 n. a.
18.4
20.9
19.2
20.5
23.4
20,7
22.6
n. a.
104
92
98
94
99
95
93
n. a.
4
4
3
6
4
5
5 n. a.
26
35
37
27
46
23
47
n. a.
112
111
112
106
113
99
106
n. a.
25
n. a.
456
305
381
311
307
242
391
n. a.
101
94
99
88
100
86
91
n. a.
8
5 n. a.
263
218
259
209
221
153
195
n. a.
94
146
90
157
105
162
129
n. a.
774
929
787
775
617
450
715
n. a.
96
96
97
94
99
95
102
n. a.
FOODSTUFFS
Coffee:
1957
1958
(Mil. Ibs. bean
basis)
828
637
561
698
566
552
Cocoa:
1957
1958
(Mil. Ibs. bean
basis)
215
181
162
134
111
155
87 n. a.
Passenger
cars:
1957
1958
(Thous.)
709
727
818
n. a.
1
641
653
603
646
725
n. a.
17
23
17
22
166
152
160
134
141
136
176
n. a.
9
6
5
9
15
21
FINISHED (NONFOOD) CONSUMER GOODS
52
99
63
97
64
109
81 1,784 1,575 1,324 1, 430 1,449 1,622
n. a. 1, 234 1,017
614 n. a. 1,116 1,252
1,530 1,384
1,088 n. a.
47
42
41
33
21
13
51
n. a.
x
N. a.—Not available.
v Preliminary.
—less than one-half the unit specified.
e—estimated.
Sources: U. S. Department of Commerce, Office of Business Economics, based on data from Bureau of Mines, Bureau of Census, BDSA, and U. S. Department of Agriculture.
24
SURVEY OF CURRENT BUSINESS
theless, higher prices raised values by $28 million in the more
recent period.
Paced by autos, imports of finished (nonfood) consumer
goods in 1958 continued their long-term upward movement,
but at a diminished rate. For the first time since 1954 this
rate is now moving about parallel to the rate of growth in
disposable personal income in contrast to its much steeper
advance in preceding years. Scattered losses during the
current year in imports of diamonds and other precious
stones, clocks and watches, and wool manufactures partly
offset the gain in imports of passenger cars.
The value of passenger car imports in the first 9 months
December 1958
of the year scored a $136 million gain over the corresponding
period of 1957. The number of units arriving in JanuaryAugust exceeded the record established for the entire year
1957 and, with domestic auto output at a subdued rate,
European car manufacturers carved out a 7% percent share
of the total new car market in the United States. This
represented an impressive gain over the 3 percent share in
January-August 1957.
Imports of farm machinery, mainly combines and other
harvesting equipment also rose substantially—principally
from Canada and the United Kingdom—spurred by record
crops and rising farm income in 1958.
Real National Output by Quarters—Continued from page 15
First, undue significance should not be attached to small,
irregular changes shown by these quarterly constantdollar measures of GNP and its main components. While
inevitable imprecisions in the basic data preclude meaningful
interpretations of these estimates to the last decimal, as it
were, they can be taken as valid indicators of real volume
changes which are of significant magnitude or which fall into
pattern, either in terms of this body of data itself or when
studied in relation to other economic variables.
For example, for several quarters preceding the business
downturn in the autumn of 1957, the estimates of total real
GNP showed small changes to which no precise significance
should be accorded. However, they did convey the important fact, as already noted, that total real output was
approximately stable during this prerecession interval when
current-dollar output was still rising.
A second, closely related, point is that these new real
volume data and the associated price indexes are not sufficiently accurate for any exact assessment of the relative
contributions of the price and volume factors to the quarterto-quarter changes in the market value of GNP.
The price and current-dollar value data are statistically
independent. The price data are not ordinarily subject to
substantial revisions even though they are not entirely
satisfactory for the deflation of GNP. In practice, therefore, statistical revisions in the current-dollar GNP series
tend to be reflected very largely in the real volume measure.
Suppose, for instance, that the initial estimates for a given
quarter show a rise from $400 billion to $404 billion, or 1
percent in the annual rate of current-dollar GNP, and an
increase of % percent in overall prices. Price and real
volume thus appear of equal importance in accounting for
the change in the current-dollar value of national production.
If subsequently a downward revision of $1 billion, or % of 1
percent, occurs in the GNP this will show up almost entirely
in the real-volume change and the indicated importance of
this change will decline from one-half to one-third.
A further, perhaps even stronger, caveat should be entered
with respect to any attempt to use these quarterly contaiitdollar estimates in productivity analysis. The margin of
error attributable to the output estimates, when combined
with that in the available man-hour data, renders judgment
on this score extremely hazardous. Even the preliminary
annual estimates of real output which are customarily published each February in the SURVEY have supported only the
most tentative comments in this connection.
The major reasons why constant-dollar estimates of GNP,
valuable as they are, are subject to certain particular limitations have been set forth in the 1954 National Income
supplement, in connection with the annual series. There,
attention was called to the shortcomings of price deflation.
These stem from the lack of price information directly
applicable to many components of the current-dollar product
flow; from the fact that, generally speaking, available price
information cannot take adequate account of premiums,
discounts, and bargain sales; and from even more basic
problems encountered in pricing items subject to significant
quality change, or whose physical units are not clearly
definable for other reasons.
The quarterly constant-dollar figures are affected, in
different degrees, by these same difficulties. On balance,
the price information available on a quarterly basis—
particularly for the most current period—is somewhat
weaker than that underlving the annual estimates.
General Price Level
changed little in postwar recessions
Index, 1957=100
110
1957-59
100
1953-55
90
80
70
1948-50
j
i
1
i
1
Quarterly Price Deflators for GNP
U. S. Department of Commerce, Office of Business Economics
111 addition, certain special problems are encountered in
the estimates of quarterly current-dollar GNP from which
the constant-dollar measure is derived. These estimating
problems make it all the more necessary to interpret movements in the new quarterly constant-dollar GNP series only
in broad terms, without paying undue attention to the small
and irregular fluctuations which it may display from quarter
to quarter.
When used with an awareness of their characteristics, the
new quarterly series on GNP volume and prices will provide
additional valuable guides to economic understanding.
BUSINESS STATISTICS
X HE STATISTICS here are a continuation of the data published in the 1957 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2) contains monthly (or quarterly) data for the years 1953 through 1956 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1953. Series added or significantly revised since publication of the 1957 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1956 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1957 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
[Averages for the year 1957 are provided in the May 1958 issue of the SURVEY]
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1958
1957
October Novem- December
ber
January
February
March
April
May
June
July
August
September
October November
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates: f
National income, total
_
_ _ _ bil. ofdol
361 5
350.6
352.4
do
do
do __
do
do
do
254 8
238 0
197.4
9 5
31 1
16 8
250 9
234 4
192.7
9.4
32 3
16.5
250 7
234.2
191.8
9.6
32 8
16. 4
255 3
238 4
195.0
10.0
33 4
16 9
Proprietors' and rental income, totaled
do _ _ _
Business and professionalc?
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil. of dol
Corporate profits before tax, total
_ _ d o ._
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
_do
55.0
31 3
11 5
12 2
55.3
30 6
12 6
12 1
56.2
30 7
13 4
12 1
56.6
31 1
13 3
12 2
38 8
39.9
19 9
20 0
— 1. 1
31.3
31.7
16 1
15 5
—.3
32.5
32.0
16.3
15 7
.5
2
do
12 9
13 0
13 1
13 2
_ do
Compensation of employees, total
Wages and salaries, total
Private
_
__
__
Military
_
_ _ _ _ _
Government civilian
Supplements to wages and salaries _ _ _
Net interest
Gross national product, total
438.9
425.8
429.0
439.0
Personal consumption expenditures, total do
Durable goods
do
Nondurable goods
__do _ _
Services
_
-do
287 2
39 6
138.8
108 7
286 2
36 3
139.8
110. 1
288 3
35 6
141.4
111 3
291 5
36 1
142.9
112 5
Gross private domestic investment total
New construction
Producers' durable equipment
Change in business inventories
61 5
37 1
26. 7
—2 3
49 6
36 3
22.9
—9 5
49 2
34 9
22.3
—8 0
53
36
22
—5
do
do
do _
do
Net foreign investment
__ _
do
Government purchases of goods and services, total
bil. of dol
Federal (less Government sales)
do
National security 9
do_ _
State and local
_
do
Personal income, total
Less: Personal tax and nontax payments.
Equals: Disposable personal income _ _
Personal saving §
7
3
3
0
19
5
5
88.3
50 5
46.0
37 8
89.5
50 9
45.6
38 6
90.9
51 9
46.0
39 1
93
53
46
39
5
do
_ do
do
349 7
43.0
306 8
347 3
42.3
305 0
349 8
42.3
307.5
357 5
43.5
314 0
_ _ _do
19.6
18.8
19.2
22.5
3
4
6
9
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:f
Total personal income
bil of dol
1
1
S54. %
358 8
356 1
357 8
235 8
96.6
63.3
33 6
42.4
' 242. 2
97.1
63.5
33 7
i 48.0
238 5
97.7
63 6
33 8
43.4
239.4
98 4
63 6
33 9
43 5
8.9
56 5
31.7
26.4
8.9
56 2
31 8
26.0
9.0
56 3
31.8
26.5
9.1
56 6
31 9
26.8
9
57
31
27
6.7
6.7
7.0
6.8
350 6
350 2
348 4
348 2
346 4
347 1
348 1
349 9
352 0
Wage and salary disbursements, total
do
Commodity -producing industries
do. _
Distributive industries
_ _ _ do
Service industries
do
Government _ _
_
do. _
238 6
101.5
63.5
32 9
40.7
238 0
101.0
63.6
32 9
40.5
237 3
99.8
63.7
33 2
40.6
235 1
97.9
63.5
33 1
40.7
233 2
95.6
63 4
33 2
41.0
232 6
95.3
62.9
33 3
41. 1
232.0
95.0
62.4
33 4
41.2
233. 1
95.6
62.6
33 4
41.5
Other labor income
_do
Proprietors' and rental income
do
Personal interest income and dividends
do _
Transfer payments.
_ _ _ do
Less personal contributions for social insurance
bil. of dol. _
9.2
55 1
31.8
22.6
9.2
54 8
31.8
23.0
9.2
55 2
30.0
23.3
9.1
55 1
31.8
23.9
9.0
55 3
31.8
23.8
8.9
55 7
31 7
24.8
8.9
56 1
31.7
26.1
6.6
6.6
6.6
6.7
6.7
6.6
6.6
2
0
9
0
6.8
357 5
r
360 0
239 0
'97. 7
63.7
33 9
r
43. 7
241 5
99.8
64 0
34 i
43 6
9.2
57 3
31 9
26.9
9 3
57 4
31 9
26.7
'6.8
6.8
r
r
Total nonagricultural income
do
335.2
335.7
333.0
332.5
330.1
330.5
331.0
332.4
335.1 i 342. 0
339.2
343.2
34C.9
' 340. 7
«• Revised.
1 Italicized total excludes and other footnoted figures include lump-sum retroactive salary payments to Federal employees; disbursements of $380 million multiplied by 12 (to
put on annual rate basis) amounted to $4.6 billion.
t^evised series. Estimates of national income and product and personal income have been revised back to 1946; revisions beginning
1946 appear on pp. 12 ff. of the July 1958 SURVEY.
^Includes inventory valuation adjustment.
9 Government sales are not deducted.
§Personal saving is excess of disposable income
over personal consumption expenditures shown as a component of gross national product above.
S-l
490032°—58-
SURVEY OF CURRENT BUSINESS
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- DecemBUSINESS STATISTICS
October
ber
ber
December 1958
1958
January
Fcbruary
March
April
May
June
August Septem- October
ber
July
November
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries
. __ .
mil. ofdoL.
Manufacturing
Durable-goods industriesNondurable-goods industries.
do
- - do. __
do
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other
do
do
do
do
do
_
_ _
2,939
1,395
1,544
225
256
398
239
202
369
1, 760
2 588
1,227
2,321
1,511
2,501
r
r
36 23
32.41
30.32
r
11.53
5 57
5.96
r
13.20
6 58
6.62
do_
do
do
do
do.
1.00
1 02
1.69
5.87 :
9.63
1 15
1 26
1 91
6.43
10 21
.92
8, 014
2
' 2 664 2 999
' 1. 257 ' 1. 447
' 1,407 ' 1, 552
2,898
1,441
1,457
15 27
7 57
7 70
1 r
r
302
334
488
.. _ ._ do_
do
- do_
Mining.
__
.
________
Railroads
Transportation, other than rail
_ _ _.
Public utilities
Commercial and other
_ __
' 7, 427
4 261
2,148
2,113
Seasonally adjusted quarterly totals at annual rates:
All industries
_ bil. of dol
Manufacturing
Durable-goods industries
Nondurable-goods industries
7,761
7,325
9,733
r
r
T
223
140
320
1, 633
2 447
r
190
238
' 157
' 418
1, 734
2 468
29. 61 i r 29. 93
10. 86
5 16
5.70
2 439
1,177
1,262
r
r
6, 870
135
404
1 311
2 391
2
30 51
' 10. 79
T
5 11
r
5.68
11 06
5 35
5.71
. 88
.63
1.29
'6.10
r
9. 85
' .91
r
.59
* 1.64
'6.32
'9.68
1.72
6.41
9.94
r
T
f
!
r
77
r
1.40
5.97
9 73
.84
54
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments, total
mil. of dol
Farm marketings and CCC loans, total _ do.
Crops__ _ _
,
_
do.
Livestock and products, total 9
do
Dairy products . _
_______
do.
Meat animals
do
Poultry a n d eggs
_
_ _ _ _ _ _ _ do .
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49=100
Crops. _ _ _ _ _ _
__do _ _
Livestock and products
- do
Indexes of volume of farm marketings, unadjusted:
All commodities
1947-49 = 100
Crops. _
_
- - do ._
Livestock and products
do
3,447
3, 136 1
2 850
2 753
2 175
2,133
2,214
2 305
2 532
2 920
3,025
3,553
4,045
3,347
1,630
1,717
3,074
1,522
1,552
361 i
2 801
1,312
1 489
2 708
1,171
1 537
2 144
2,108
2,198
2 286
2 423
1 345 ]
355 i
1,478
1,574
1 641
1 515
2 743
1 212
1 531
2,862
1,356
1,506
3,286
1,583
1,703
3,928
2,052
1,876
354
365
1,052
1,188
282
308
378
377
886
246
i
799
630
624
645
383
870
258
371
848
272
99
85
111
113
113
112
118
126
111
135
148
125
161
191
138
96
53
128
111
97
121
125
131
121
131
144
121
145
161
133
178
218
148
127
127
132
126
136
138
95
91
149
129
133
89
82
146
129
133
93
91
133
139
106
105
133
127
132
90
92
126
138
140
102
105
128
'111
' 124
' 129
148
118
139
126
165
146
119
135
159
149
125
138
125
162
144
123
133
120
158
150
133
142
119
186
156
141
151
128
' 157
'134
148
131
181
154
122
146
132
174
173
53
78
573
160
124
406
762
276
392
885
259
421
905
270
308
857
320
374
812
288
137
152
126
126
142
114
115
122
109
111
109
113
88
99
87
59
108
90
58
115
94
60
120
158
169
150
145
159
134
127
133
123
126
131
122
97
86
105
89
55
114
91
49
123
134
132
131
129
135
147
106
107
161
134
143
102
99
160
133
131 1
156
1,014
908
738
223
74 1
399
833
254
INDUSTRIAL PRODUCTIONS
Federal Reserve Index of Physical Volume
Unadjusted, combined index
1947-49=100..
146
142
do
do
do
do_
do
148
159
129
134
156
144
156
121
126
159
do
do
do
do
do
173
142
170
145
220
174
139
165
140
215
166
133
157
138
194
161
127
153
133
192
198
88
93
592
172
125
119
161
148
213
171
99
569
172
121
106
152
143
203
151
95
571
170
120
92
145
134
196
132
91
570
166
113
100
136
125
191
122
92
562
163
112
105
130
127
189
106
95
566
161
111
106
131
127
182
89
90
561
160
108
105
135
125
181
99
96
553
157
108
111
141
125
183
100
91
568
159
113
121
148
130
175
87
76
561
157
113
109
148
126
do
do
do. __
do
do
do
do
137
125
126
140
101
121
117
131
113
116
133
101
105
100
123
107
109
131
101
99
89
125
104
106
134
98
93
88
126
104
103
121
98
104
99
125
104
102
120
98
110
106
125
106
104
123
98
110
101
124
106
115
100
122
112
128 i
119
114
121
103
138
125
119
116
115
104
128
107
135
126
127
120
102
122
104
Tobacco manufactures
Textile-mill products 9
Cotton and synthetic fabrics
Wool textiles
Apparel and allied products
Leather and products
Paper and allied products
Pulp and paper
do
do
do_ __
do
do
do
do
do_ _
119
103
106
71
112
104
170
163
110
98
107
65
107
99
163
156
87
89
97
55
96
94
140
137
112
93
102
55
106
101
153
151
112
95
103
61
113
108
158
156
112
94
103
64
109
107
155
152
112
94
96
67
108
95
156
152
118
93
98
71
105
92
153
147
125
94
99
82
106
99
159
153
109
86
86
67
99
92
145
137
Printing and publishing
Chemicals and allied products
Industrial chemicals
Petroleum and coal products
Petroleum refining
Rubber products
do
do
do
do
do
do
146
190
208
139
145
145
145
187
203
136
147
135
142
183
198
138
153
114
136
183
197
134
148
123
137
180
190
130
144
120
140
179
188
125
137
118
140
180
186
124
134
115
139
177
184
127
136
112
137
177
184
131
141
122
132
174
183
133
146
103
r
130
103
107
76
117
108
168
159
Manufactures
Durable manufactures
Primary metals 9
Steel
Primary nonferrous metals
Metal fabricating (incl. ordnance).
Fabricated metal products
Machinery
Nonelectrical machinery _
Electrical machinery
-
Transportation equipment 9
do
Autos
_ do
Trucks
do
Aircraft and parts
do
Instruments and related products
do
Furniture and
fixtures
do
Lumber and products
do
Stone, clay, and glass products
_ _ do.
Miscellaneous manufactures.
__do
Nondurable manufactures
Food and beverage manufactures
Food manufactures 9
Meat products
Bakery products
Beverages
Alcoholic beverages
-- --
139 '
99
93
157
124 |
141 i
124 !
110 '
123
136
'182
190
140
149
127
143
v 144
141
146
145
149
p
p
•p
p
114
138
r
r
195
170
37
67
583
168
130
127
160
••130
155
135
140
' 143
r
137
131
r 134
130
102
119
108
148
149
' 127
' 191
146
154
127
130
f 167
p 133
p 152
* 128
P200
'579
' 171
' 133
p
P
p
p
p
p
' 155
' 146
p 157
p 142
141
128
129
138
102
p 138
' 183
71
89
129
214
160
132
581
173
133
125
103
111
75
113
105
169
159
r
130
109
112
142
'147
P147
' P 137
' P 146
P146
p 140
P 151
187
'202
' 138
r
148
137
121
180
170
193
l
' Revised.
p Preliminary.
Estimates for October-December 1958 based on anticipated capital expenditures of business. 2 Estimates for January-March 1959 based on anticipated
capital expenditures of business. Anticipated expenditures for the year 1958, and comparative data for 1956-57, appear on p. 4 of this issue of the SURVEY.
9 Includes data not shown separately.
^Revisions (annual data, 1946-57; monthly data, 1956-57) appear on pp. 18 and 19 of the November 1958 SURVEY; monthly data prior to 1956 are not available.
c"Revisions for 1956 for the seasonally adjusted indexes of industrial production and consumer durables output appear on p. 18 of the July 1958 SURVEY.
•
SUEVEY OF CURRENT BUSINESS
Dec-ember 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-3
1958
1957
October Novem- December
ber
January
February
March
April
May
June
July
August Septem- October November
ber
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^— Continued
Unadjusted index— Continued
Minerals
Coal
Crude oil and natural gas
Metal mining
Stone and earth minerals
129
87
146
124
152
123
80
144
92
143
122
74
149
82
138
120
73
147
83
130
118
70
145
85
121
111
67
134
79
128
109
60
132
81
136
110
61
131
86
144
115
72
134
100
150
110
46
137
91
151
120
70
142
96
153
123
73
'145
'107
'158
123
75
143
P109
157
P123
P74
P146
.do
142
139
135
133
130
128
126
128
132
134
136
137
138
P141
do
do
do
143
156
128
141
154
121
137
146
107
135
142
100
131
137
95
129
135
91
128
131
86
130
134
91
134
139
103
136
141
102
138
144
109
139
145
113
140
145
'123
143
152
127
-- -do
do. _.
do
do
_ .do
172
137
164
148
197
170
141
163
143
203
163
135
156
137
194
159
129
151
130
192
153
124
144
127
177
150
122
141
126
170
146
118
137
122
166
148
120
137
122
167
151
125
141
125
171
154
129
144
125
181
156
132
147
126
188
'155
135
148
'129
'186
'155
'132
146
130
'177
163
133
150
131
189
208
126
334
170
120
109
155
140
203
125
322
170
118
107
151
136
194
113
315
168
116
103
148
131
191
107
318
166
114
110
142
129
185
99
313
163
111
108
134
127
183
93
316
160
111
109
133
128
178
86
316
159
110
105
135
129
182
93
314
158
113
110
139
129
185
95
320
160
116
114
145
132
185
96
318
162
119
118
152
135
'186
96
321
162
123
'120
150
134
178
82
'322
'166
126
118
157
137
'182
91
'319
'169
127
118
'149
'138
205
125
321
172
130
do
do
do_- do
do.. .
do
do.
130
112
111
112
110
98
110
128
110
110
110
107
95
107
127
114
113
118
106
91
104
127
114
113
117
112
92
103
125
114
112
120
112
91
103
124
113
112
114
112
91
99
125
113
115
108
117
92
106
126
114
114
114
115
92
106
129
116
116
116
116
95
110
132
116
116
114
121
101
115
133
115
'116
114
121
103
116
134
114
114
P135
'116
115
121
103
114
Lcather and products
do
Paper and allied products
do
Printing and publishing _ _
__do
Chemicals and allied products
do
Industrial chemicals
_ _ ._
do__ .
Petroleum and coal products
do
Rubber products
_ - _ . - . do.
103
161
142
185
206
139
135
103
162
141
184
201
135
131
100
152
142
181
196
137
117
100
155
140
182
195
131
116
98
153
139
177
187
129
114
98
149
138
176
184
127
116
94
152
137
178
182
127
112
97
153
137
178
182
129
113
100
157
138
181
187
131
125
104
163
138
184
193
136
125
103
166
140
186
rl96
139
132
104
167
140
187
'204
'135
'136
170
'142
188
P143
'*137
135
P138
127
80
150
107
143
123
77
145
100
140
123
71
146
110
141
121
69
144
110
144
1)6
70
141
106
133
112
70
130
100
138
109
63
130
88
139
109
62
131
73
142
112
66
135
80
145
116
65
141
80
146
120
68
146
83
144
122
70
148
'90
'149
'122
69
147
p94
148
P 123
p71
P147
119
141
124
117
116
111
101
103
109
100
100
'103
'115
P 140
119
88
148
118
133
282
120
153
171
138
115
121
259
114
132
151
118
114
102
176
106
123
132
117
108
103
187
102
120
122
121
108
121
159
105
114
106
122
108
131
139
105
100
89
110
104
112
125
103
103
99
108
101
115
112
102
109
100
119
105
132
122
108
97
87
108
105
109
114
107
94
53
130
118
114
214
115
96
37
150
'126
150
222
'119
'113
71
151
131
148
220
'121
P149
p 160
129
128
119
113
110
104
97
105
111
114
115
'103
'107
p 131
137
143
134
111
129
212
112
136
142
134
112
132
203
110
125
127
124
112
115
188
107
117
117
118
110
106
181
105
111
107
117
106
115
151
107
103
92
114
106
115
133
108
94
81
107
104
102
131
106
104
96
113
106
112
138
105
111
99
123
109
125
155
111
116
99
133
116
129
191
111
116
95
137
117
132
207
112
99
56
138
120
137
'197
113
'104
67
139
124
144
166
' 113
p 139
"139
55.7
28.1
13.9
14.1
11.0
3.9
7.0
16.7
5.6
11.1
54.7
27.2
13.5
13.7
10.9
3.9
7.0
16.6
5.6
11.0
54.5
26.7
13.1
13.6
10.9
3.8
7.1
16.9
5.6
11.3
53.8
26.4
12.6
13.7
10.7
3.8
6.9
16.7
5.5
11.2
52.1
25.5
12.0
13.5
10.5
3.6
6.9
16.1
5.1
11.0
51.3
24.9
11.7
13.3
10.3
3.6
6.8
16.1
5.0
11.1
52.1
24.9
11.5
13.4
10.7
3.7
7.0
16.5
5.2
11.3
52.4
25.2
11.6
13.6
10.7
3.7
7.0
16.6
5.2
11.3
53.2
25.7
12.1
13.7
10.9
3.8
7.0
16.6
5.1
11.4
54.0
26.3
12.3
14.0
11.0
3.8
7.2
16.7
5.2
11.5
54.4
26.4
12.4
14.0
'11.1
4.0
7.2
16.9
5.2
11.6
'54.8
'26.8
'12.7
14.1
11.4
4.1
7.3
16.6
5.1
11.5
55.7
27.3
13.0
14.3
11.5
4.1
7.4
16.9
5.4
11.6
.
1947-49=100..
.. -do .
do
_ . do..
do. -
Seasonally adjusted, combined index
Manufactures
Durable manufactures
Primary metals
._
Metal fabricating (incl. ordnance)
Fabricated metal products
"\lach inerv
Nonelectrical machinery
Electrical machinery
Transportation equipment
do
Autos, trucks, and parts
do
Other transportation equipment - -do
Instruments and related products
do
Furniture and
fixtures
-. -do
Lumber and products - _ . _ . .-.
.-do ...
Stone clay, and glass products
do
M isc^llaneous manufactures
do
Nondurable manufactures
Food and beverage manufactures - Food manufactures . .._
Beverages
Tobacco manufactures. ._
Textile-mill products
Apparel and allied products.
..
Minerals
Coal
__
Crude oil and natural gas
Metal mining
Stone and earth minerals
_
do
do__ _
do
do
do
133
'116
155
135
120
104
119
CONSUMER DURABLES OUTPUT^
Unadjusted, total output
1947-49=100
Major consumer durables
do_ .
Autos
do
Major household goods
do
Furniture and floor coverings
do
Appliances and heaters - _ . . .
do
Radio and television sets
do
Other consumer durables
_ . ._ do_ _ _
Seasonally adjusted, total output. ._
do
Major consumer durables
do
Autos _ _ _ _
_ - .
d o .
Major household goods
do
Furniture andfloorcoverings . _ _ _ _ _ _ do_ .
Appliances and heaters
do
Radio and television sets.
- .
do
Other consumer durables. _.
do
P118
p 114
BUSINESS SALES AND INVENTORIES^
Manufacturing and trade sales (seas. adj.). total
bil.ofdoL.
Manufacturing, total.. __ _ ._
__
_ do
Durable-goods industries
do
Nondurable-goods industries
do
Wholesale trade, total ._
_ do ._
Durable-goods establishments
do
Nondurable-goods establishments.
do _ _ .
Retail trade, total.. _ .
. d o
Durable-goods stores
do
Nondurable-goods stores . _
do _._
Manufacturing and trade inventories, book value, end
of month (seas, adj.), total
bil. of dol_.
Manufacturing, total
_ . . _ . _ _
_ d o .
Durable-goods industries
do
Nondurable-goods industries .
do
Wholesale trade, total. __ __ _ __ __ _
do ...
Durable-goods establishments
do
Nondurable-goods establishments
do
Retail trade, total
do
Durable-goods stores
do
Nondurable-goods stores
.._ _ _ _ _ _ . _ d o
86.4
84.8
91.1
91.0
90.7
89.3
88.5
87.6
85.9
85.0
86.9
90.0
85.4
54.1
49.3
50.2
52.4
53.9
53.5
51.5
52.9
50.9
52.0
49.8
'49.3
49.4
28.0
31.5
29.4
28.5
31.1
30.3
31.8
30.6
29.9
28.3
28.0
29.0
28.1
22.4
21.3
22.4
22.2
22.1
22.1
22.3
21.7
22.3
21.9
21.5
21.2
21.4
12.1
12.1
12.8
12.7
12.5
12.4
12.2
12.1
12.8
12.1
12.6
12.1
12.1
6.2
6.2
6.6
6.7
6.5
6.2
6.7
6.4
6.6
6.3
6.2
6.2
6.2
6.1
5.9
6.1
5.9
6.1
6.0
5.9
5.9
6.0
6.0
5.9
5.9
5.9
24.2
24.1
24.3
24.5
24.3
24.1
24.5
23.5
23.9
23.9
24.0
23.9
23.7
10.9
11.2
11.4
11.2
10.3
10.8
10.7
10.8
10.8
11.3
11.0
10.5
10.7
13.3
13.1
13.1
13.1
13.2
13.1
13.1
13.2
13.3
13.3
13.2
13.1
13.2
'Revised.
» Preliminary.
cf See correspondin ? note on ]p. S-2.
§ The term "busin ess" here i ncludes o nly manu 'acturing and trade Busine ss invento ries as she wn on p. S-l cover
data for all types of producers, both farm and nonfarm . Unadjlisted dat a for man ufacturin y are shov ra on p. t3-4; those for retail and who!esale trad e on pp. S-9, S-10, iind S-ll.
JData
beginning January 1948 for wholesale trade (not publis hed in th e 1957 edi t ion of B iJSINESS S FATISTICS) are avail able as follows: For 1948-50, upon reqttest; for 1951-56, on p. 32 of th e August
1957 SURVEY.
SURVEY OF CURRENT BUSINESS
S-4
December 1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1958
October Novem- December
ber
January
February
March
April
May
June
July
August Septem- October November
ber
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
mil. of dol
Durable-goods industries, total 9
Primary metal
_
__
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay and glass
Nondurable-goods industries, total 9
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
29, 532
27, 270
26, 347
25, 858
24, 495
25, 780
25, 248
25, 426
26, 122
24, 845
26,143 ' 27, 323 ' 28, 995
do
_ _ -do _
do
do
do
do
do
- _~do
do
- - _-do_ _ _
do
do _
do
do __
do
do
do
14, 386
2, 336
1, 688
4,406
1,938
3,003
1,635
1,026
761
15, 146
4,660
377
1,214
981
2,086
2,866
524
13, 577
2,102
1,433
4,011
1,776
3,463
2, 264
854
659
13, 693
4,258
358
1, 085
871
1,856
2,744
414
13, 152
1,954
1,336
4,131
1,756
3,495
2,163
769
556
13, 195
4,176
380
954
809
1,726
2,893
414
12, 313
1,948
1,329
3,693
1,540
3,066
1,938
814
545
13, 545
4,167
357
994
904
1,888
2,913
444
11, 560
1, 665
1,261
3,702
1, 533
2,807
1,660
745
490
12, 935
4,056
318
995
842
1,712
2,676
384
12, 161
1,770
1,334
3,982
1,620
2,768
1,601
786
568
13, 619
4,312
356
1,015
912
1,882
2,649
412
11, 921
1,740
1,316
3,867
1,512
2,632
1,504
788
617
13, 327
4,227
362
965
883
1,944
2,516
438
11,960
1,757
1,350
3,772
1,526
2,675
1,568
788
652
13, 466
4,434
381
930
904
1,981
2,630
432
12, 584
2, 052
1, 452
3,967
1,624
2,637
1,514
803
677
13, 538
4,441
401
1,006
921
1,949
2,628
467
11,317
1,632
1,433
3,455
1,418
2,436
1,419
757
662
13, 528
4,414
410
936
871
1,865
2,750
473
11, 880 •• 12, 687
1,900 ' 2, 069
1,592 ' 1, 696
3,615 «• 3, 993
1,574 ' 1, 758
2, 103 ' 2, 093
1,103 r 1, 009
894
'933
710
' 757
14, 263 ' 14, 636 r
4,452 r 4 571
T
387
398
1,098 r I 131
960
r 958
1,983 r 2 137
2,787 r 2 774
442
do
Sales, value (unadjusted), total
28, 064
27, 221
26,690
26, 350
25, 542
24, 931
24, 945
25, 206
25, 747
26,284
26, 388
do
do
do
do
do
do
do
do_ _
do
do
do
do
do
do
do
do
...do
13, 932
2,224
1, 535
4,265
1,795
3,297
1,961
930
650
14, 132
4,331
356
1,029
917
2,002
2, 895
490
13, 548
2, 156
1,429
4,175
1,743
3, 255
2,022
850
659
13, 673
4,257
351
1,025
862
1,941
2,717
431
13, 092
2,073
1,431
3, 954
1,626
3,147
1,906
851
654
13, 598
4,337
392
999
861
1,890
2,654
427
12. 646
1, 952
1,402
3,847
1,622
3,001
1,834
846
634
13, 704
4,412
384
989
886
1,836
2,774
448
12, 038
1,733
1,354
3,726
1, 586
2,876
1,707
799
583
13, 504
4,363
361
1,001
877
1,783
2,759
413
11, 670
1,635
1,332
3,685
1,542
2,708
1,525
759
586
13, 261
4,333
387
999
885
1,745
2,597
396
11, 532
1,657
1,302
3,748
1,567
2,466
1,361
791
605
13, 413
4,348
373
1,016
874
1,832
2,594
429
11, 643
1,656
1,331
3,736
1,572
2, 536
1,467
807
621
13, 563
4,416
363
994
895
1,875
2,657
428
12, 086
1,854
1,397
3,780
1,572
2,610
1,572
822
645
13, 661
4,357
382
1,025
903
1,899
2,682
445
12, 256
1,917
1,454
3,808
1,577
2,550
1,519
836
676
14, 028
4,371
390
1,061
937
1,979
2,806
478
12, 385 r 12, 723
13,013
1,984 «• 2, 065
2,189
1,482 ' 1, 593 1,564
3,817 ' 3, 999 3.981
1,624 r 1,712
1,710
2,582 r 2, 438
2.616
1,453 ' 1 318 1 512
832
r 850
885
657
T 701
686
r
r
14, 003
14, 263
14 081
4,373 r 4 312
4 372
372
T 386
388
1,077 r 1 Q27
1 054
941
r 949
965
2,003 T 2 071
2 071
2,787 T 2 860
2 903
438
Sales value (seas adj ), total
Durable-goods industries, total 9
Primary metal
__
_
__
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
Nondurable-goods industries, total 9
Food and beverage
Tobacco
Textile
_
_ _ _
Paper
Chemical
._
Petroleum and coal
Eubber
_
Inventories, end of month:
Book value (unadjusted), total
--
r
26 804
13, 705
2.308
1,679
4,101
1,850
2,619
1,483
967
796
15, 290
4 722
411
1 233
1 033
2 157
2 874
r 27 276
do _ _ „
53, 734
53, 746
53,688
53, 298
52, 829
52, 318
51, 595
50, 862
50, 278
49, 357
48, 887
r 4g 91Q
48 937
Durable-goods industries, total 9
__do
Primary metal
do
Fabricated metal
__
do. ._
Machinery (including electrical) - do
Electrical
_
do
Transportation equipment
do. _ _
Motor vehicles and parts
- do
Lumber and furniture.
__-. - . do
Stone, clay, and glass
do
By stages of fabrication:;
Purchased materials
bil. of dol
Goods in process
do
Finished goods
- do. _ _
Nondurable-goods industries, total 9 --mil. of dol. _
Food and beverage
- - do _
Tobacco
do
Textile
do
Paper
__
_
-_do
Chemical
do
Petroleum and coal
_ _ - - do
Rubber
.
__
do
By stages of fabrication:^
Purchased materials
bil. of dol
Goods in process
_ __ do
Finished goods
do
31,487
4,488
3,017
10, 390
3,873
8,115
3.495
1,804
1,197
31, 306
4,443
3,002
10,415
3,846
8,006
3,463
1,794
1,210
31, 137
4,466
2,963
10, 283
3,782
7, 885
3,375
1,814
1,257
30, 770
4,384
2,989
10, 188
3,739
7,669
3,273
1,801
1,262
30, 494
4,303
2,980
10, 169
3,735
7,414
3,160
1,826
1,299
30, 163
4,246
2,947
10, 054
3,701
7,226
3.028
1,824
1,295
29, 683
4,185
2,983
9,885
3, 684
6,956
2,821
1,814
1,282
29, 182
4,126
2,938
9,771
3,648
6,716
2,622
1,809
1,261
28, 698
3,999
2,987
9, 542
3,580
6,579
2,504
1,807
1,246
28, 116
4 050
2,898
9 290
3,494
6,384
2,375
1,786
1,228
27, 658
4,100
2,777
9,110
3,413
6,302
2,374
1,725
1,196
r
27, 714
4,131
2,807
8 868
3,314
6, 736
2 820
1 653
1 152
8.6
13.3
9.6
22, 247
4,929
1 960
2,515
1,395
3.658
3,732
1,053
8. 7
13.0
9.6
22,440
5,026
1,965
2,562
1,403
3,720
3,730
1,079
8.5
12.7
9.9
22, 551
4,912
1,962
2,628
1,444
3,863
3,644
1,103
8.3
12.5
10.0
22, 528
4.786
2,027
2,667
1.443
3, 886
3,543
1,111
8.2
12.3
10.1
22, 335
4,694
2,007
2,679
1,468
3.911
3,436
1,109
7.9
12.1
10.1
22, 155
4,574
1,960
2,682
1,483
3,929
3,405
1,112
7.7
11.9
10.1
21,912
4,520
1,915
2,675
1,483
3,858
3,372
1,078
7.6
11.6
10.0
21, 680
4,406
1,861
2,675
1,455
3,783
3,343
1,051
7.6
11.3
9.7
21, 580
4,416
1,785
2,635
1,435
3,776
3,348
1,015
7 6
11 1
9.4
21, 241
4,468
1 726
2 584
1,413
3 708
3,314
960
7.5
11.1
9.1
21, 229
4,644
1,746
2,499
1,404
3,674
3,340
963
8.8
2.9
10.5
9.0
2.9
10.5
9.1
2.9
10.5
9.1
3.0
10.5
9.0
3.0
10.3
9.0
3.0
10.2
8.9
2.9
10.1
8.6
3.0
10. 1
8.5
3.0
10.1
84
2.9
99
8.4
2.9
9.9
mil. of dol
54 103
53, 871
53, 520
52,911
52, 445
52, 009
51, 486
50 896
50, 246
49 777
49, 425
Durable-goods industries total 9
do
Primary metal
do
Fabricated metal
do
Machinery (including electrical)
do
Electrical
do
Transportation equipment
do
Motor vehicles and parts. _
do_
Lumber and furniture
do
Stone, clay, and glass
_ _
_ do
By stages of fabrication:^
Purchased materials
bil. of dol
Goods in process
do
Finished goods
do
Nondurable-goods industries total 9 mil of dol
Food and beverage
do
Tobacco
do
Textile
.
do._
Paper
do
Chemical
.
do
Petroleum and coal
_. - do
Rubber
do
By stages of fabrication:}
Purchased materials
bil. of dol
Goods in process
do
Finished goods
do
31 754
4 3^6
3, 143
10 583
3, 921
7,979
3,359
1.880
1,273
31 511
4 279
3,095
10, 517
3,909
7,976
3,405
1,845
1,274
31 148
4,269
3,086
10, 374
3,847
7,801
3,309
1,827
1,270
30 625
4,273
3,081
10 222
3, 823
7,529
3,188
1,772
1,237
30 266
4,297
3,041
10, 101
3,780
7,285
3,048
1,803
1,249
29 864
4,342
2,918
9,920
3,704
7,113
2,926
1,794
1,233
29, 424
4 362
2,925
9,744
3,640
6,863
2,775
1,783
1,233
28 981
4 277
2,852
9 636
3,573
6,721
2,622
1,772
1,236
28 528
4 169
2,844
9 446
3,472
6,595
2,504
1,776
1,234
28 311
4 122
2 814
9 323
3 456
6,584
2,513
1 773
1,228
28 066 ' 28, 048
4,043
4, 110
2,842
2,777
9.074
9,221
3, 386
3,419
6,751
6,536
2,792
2,553
1,742
1,732
1,220
1,212
8.6
13.2
9.9
22 349
4,725
1,980
2,625
1 423
3,732
3,623
1,097
8.6
13. 1
9.8
22 360
4 732
1,965
2,628
1,417
3,763
3,657
1,101
8.3
12.7
10.1
22 372
4 689
1,924
2,679
1,444
3,820
3,644
1,092
8.3
12.4
9.9
22 286
4 627
1,912
2,694
1 443
3,824
3,615
1,100
8.3
12. 1
9.9
22, 179
4,660
1,911
2,638
1,453
3,848
3,542
1,087
8.1
11.9
9.8
22 145
4,685
1,885
2,627
1,454
3,877
3,510
1,069
8.0
11.8
9.7
22 062
4,765
1,896
2,606
1,468
3,839
3,441
1,047
7.8
11 6
9.6
21 915
4 759
1,880
2,584
1,455
3,796
3,377
1,020
7.6
11.4
9.5
21 718
4 761
1,859
2,572
1 435
3,747
3,348
986
7.5
11 3
95
21 466
4 706
1 836
2,550
1 413
3,722
3,314
980
7.5
7 6
7.4
11.3
11.3
11.3
9.2
9.0
9 3
21,321
21 359 •• 21, 248
4 638 ' 4, 598 4,660
1,857
1,838 '1,838
2,439
2,524 r 2, 499
1.412
1 418 ' 1,405
3, 734 ' 3, 747
3,747
r
3,274
3,282
3, 271
1,024
8.9
8.9
8.8
8.8
8.8
8.8
8.8
8.8
8.8
3.0
3.1
2.9
2.9
3.0
3.0
3.0
2.9
2.9
10.4
10.4
10.5
10.4
10.4
10.4
10.5
10.2
10.0
JData beginning January 1953 appear on p. 20 of the September 1957 SURVEY.
8.8
2.9
9.8
Book value (seas adj ) total
f Kevised.
_
9 Includes data not shown separately.
8.7
3.0
9.7
27, 745
4 099
r
2 785
r 8 918
T 3' 35(5
r
r
6 718
T 2 769
1 691
T i 164
T 7 7
' 11 3
r
8. 8
7 6
11.3
8.7
4 736
1 783
2 432
1 391
3 647
3 369
21. 223
4 862
1 838
2 336
1 384
3 672
3 380
8 4
2 9
r9 9
8.5
2.9
9.8
49, 296
49 300
r 21, 165
r
8.6
2.9
9.7
27. 979
4,004
2,893
9,032
3, 353
6,674
2.758
1,722
1, 226
8.7
2.9
9.7
SURVEY OF CURRENT BUSINESS
December 1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- DecemOctober
BUSINESS STATISTICS
ber
ber
S-5
1958
January
February
March
April
May
June
July
August
SeptemNovemOctober
ber
ber
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
New orders net (unadjusted"* total
r
26, 730
26, 056
25 067
24 264
23 228
25 448
24 254
25 032
26 359
25 239
26 096
Durable-goods industries, total§0
do. Primary metal
do
Fabricated metal
_ _
do.
Machinery (including electrical) §
_do
Electrical
do
Transportation equipment (including motor vehicles)
mil. of dol
11, 788
2,027
1, 517
3,798
1,719
12, 385
1,758
1,144
3,431
1,523
11, 890
1,563
1,189
3,520
1,580
10, 749
1,619
1,189
3,276
1,364
10, 369
1,461
1,117
3,547
1,661
11, 848
1,547
1,234
3,761
1,689
10, 879
1,457
1,255
3,724
1 511
11, 486
1 738
1, 362
3,681
1 670
12, 727
1 872
1 436
3,958
1 762
11, 667
1 768
1,501
3,601
1 622
11, 807 r 12, 301
2 006 r 2 136
1, 599 T 1, 673
3, 666 r 4, 020
1 475 r 1 762
1,776
3,616
3,669
2,448
2,141
3,065
2,072
2,255
2,808
2,366
1,866
r 1, 630
Nondurable-goods industries, total
Industries with unfilled orders 9
Industries without unfilled orders!
14 942
3,203
11 739
13, 671
3, 053
10 618
13 177
2,785
10 392
13 515
2,877
10 638
12 859
2,773
10 086
13 600
3 008
10 592
13 375
3,001
10 374
13 546
2 920
10 626
13 632
2 998
10 634
13 572
2,806
10 766
14, 289
3,139
11 150
r 14 554
r 3 096
r
11 458
r
26, 096
r
27, 047
r
12. 177
2, 063
1, 523
3,851
1, 578
r
12, 859
r 2, 334
f 1 578
r
4, 242
r 1 849
mil, of dol
do
do do
New orders, net (seas, adjusted), total §
do
26, 226
26, 030
24, 369
24, 110
24, 758
24, 498
24, 998
25 785
26, 450
28 631
13, 372
2,339
1,642
3,949
1,731
2,529
r
15 259
3,404
11 855
27, 872
Durable-goods industries, total§O
do
Primary metal
do
Fabricated metal
do
Machinery (including electrical) §
do
Electrical
do
Transportation equipment (including motor vehicles)
- _- - --mil. of dol _
12, 154
2,081
1,459
3,943
1,754
2,079
3,345
2,932
2,356
2,361
3,317
2,093
2,265
2,678
2,691
2,245
Nondurable-goods industries, total
Industries with unfilled orders 9
Industries without unfilled ordersf
14, 072
2,993
11, 079
13, 668
2,993
10, 675
13, 661
3 027
10, 634
13, 665
2 906
10, 759
13, 422
2 830
10, 592
13, 270
2,920
10, 350
13, 665
3 193
10, 472
13, 575
2 920
10, 655
13, 540
2 828
10, 712
13, 938
2,954
10, 984
13, 919
2,990
10, 929
' 14, 188
?3 127
r 11,061
53, 191
51, 977
50, 697
49, 103
47, 836
47, 504
46, 510
46, 116
46, 353
46, 747
46, 700
r
50, 581
5 531
3,919
18, 311
9,552
49, 389
5, 187
3, 630
17, 731
9,299
48, 127
4 796
3,483
17, 120
9 123
46. 563
4 467
3,343
16, 703
8,947
45, 372
4 263
3 199
16, 548
9 075
45, 059
4 040
3,099
16, 327
9,144
44, 017
3 757
3 038
16, 184
9 143
43, 543
3 738
3 050
16, 093
9 287
43, 686
3 558
3 034
16, 084
9 425
44, 036
3,694
3,102
16, 230
9,629
43, 963
3,800
3,109
16, 281
9,530
r
18, 423
18, 576
18 750
18, 132
17, 466
17, 763
17 203
16 783
16 954
16, 884
16, 647
2,610
2,588
2 570
2 540
2 464
2 445
2 493
2 573
2 667
2,711
2,737
11, 251
9,270
10 575
13 080
10 466
11 670
11 329
11 943
11 991
12, 454
12, 234
12 932
13, 633
1,122
1,173
1,080
1,279
1,238
1,495
1,458
1,341
1,260
1,253
1,127
1,039
1,271
1,121
89
176
214
544
99
93
194
213
559
114
88
174
208
514
96
78
176
219
676
130
79
177
208
662
112
121
202
281
750
141
116
209
257
737
139
108
207
242
659
125
99
161
235
640
125
99
181
255
613
105
106
158
206
549
108
87
163
187
506
96
99
176
215
657
124
97
176
190
550
108
thous. of dol—
47, 428
52, 899
45, 325
64, 442
65, 295
71, 555
83, 977
56, 246
61, 445
65, 375
50, 765
48, 103
47, 268
56, 718
do
do
do
-- do_ _ _
3,195
7,994
11, 601
16, 947
7,691
2,611
13, 420
18, 061
12,895
5,912
3,072
5 713
14, 985
16 028
5,527
3, 364
9 868
24, 917
20 788
5, 505
3,309
8 747
24, 331
23 038
5,870
4,470
11 921
23, 311
23 531
8,322
13, 497
9 612
29, 538
23 657
7,673
3,812
10 771
17, 912
18 279
5,472
7
7
18
21
5
719
390
959
692
685
4,164
13 966
22, 673
18 784
5 788
3,126
8 687
15. 742
14 347
8 863
2,046
7 841
18, 167
14 112
5,937
5,306
6,771
12, 141
16 103
6,947
5,881
9,483
19, 496
16,549
5,30$
Failure annual rate (seas. adj.)*_.No. per 10,000 concerns _
51.5
56.0
51.9
53.2
54.1
60.0
59.7
55.3
57.3
58.2
54.0
53.4
57.4
.do
do
do_- -
-
Unfilled orders, end of month (unadj.), total
do
CT
Durablo- oods industries, totalO
do _ _
Primary metal
- - do
Fabricated metal
do. _
Machinery (including electrical)
do
Electrical
do _ _
Transportation equipment (including motor vehicles)
mil. of dol
Nondurable-goods industries, total 9
- do
12, 362
1,686
1,243
3,652
1,620
25, 060
r 26 855
11, 399
1, 512
1 213
3,422
1 491
10, 704
1,556
1 239
3,336
1 407
10, 688
1,369
1 176
3,545
1 720
11,488
1,371
1 175
3,511
1 653
10 833
1,543
1 230
3 596
1 470
11,423
1,671
1 322
3,690
1 674
12, 245
1,952
1 496
3 592
1 511
12, 512
2,044
1,501
3,770
1,650
13,511
2,412
1,578
3,998
1,714
2,695
' 1, 946
r
14, 361
3,181
'11,180
46, 232
45, 868
43, 577
r
3 867
r
3 086
r
16,308
r
9 534
43, 244
3,898
3,049
16, 156
9,415
r
16 184
16, 094
••2 655
2,624
BUSINESS INCORPORATIONS^1
New incorporations (48 States)
number -
INDUSTRIAL AND COMMERCIAL FAILURESd*
Failures, total
.
._.._..._._....
number--
Construction
... --.
Retail trade
.
Liabilities (current), total
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
-- do
-
55.9
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received all farm productsj
Crops
Commercial vegetables, fresh market
Cotton
_ _ _ _ _ ._
Feed grains and hay
Food grains
Fruit
__
Oil-bearing crops
Potatoes (incl. dry edible beans)
Tobacco
_
Livestock and products
Dairv products
Meat animals
Poultry and eggs
_.»
Wool
241
242
243
247
252
263
264
264
255
254
°51
258
252
251
do_ _
do
do
do _
do
225
226
273
156
219
223
234
263
150
221
219
256
239
151
221
224
332
232
146
217
229
376
211
148
219
245
408
220
152
224
252
362
236
162
223
246
314
246
163
221
232
232
246
167
197
228
209
260
165
190
225
181
281
163
190
232
183
292
160
1Q5
227
210
281
153
199
225
245
274
145
200
-do
do
___do
- do
188
231
153
483
187
235
167
473
180
237
170
466
183
233
178
474
201
229
204
475
228
234
272
475
271
237
268
475
268
238
224
475
277
239
180
474
253
227
185
473
239
232
142
483
280
220
129
482
245
214
118
501
227
215
129
485
255
278
275
181
280
258
280
277
188
271
263
275
293
185
262
267
269
308
174
256
273
266
324
169
249
280
261
336
187
229
275
249
339
172
212
280
244
355
168
204
275
241
348
163
212
277
246
347
166
210
275
255
338
166
210
280
264
339
174
207
275
271
330
164
202
274
272
326
164
203
273
286
258
275
289
260
276
289
263
277
289
264
278
290
265
281
293
269
282
293
271
283
294
271
282
293
270
282
293
270
281
291
269
281
290
272
282
291
271
283
293
272
296
298
299
301
302
304
306
306
305
305
304
305
307
308
81
81
81
82
83
87
86
86
84
83
83
85
82
81
1910-14=100
do
do
-do
..do
do
Prices paid:
All commodities and services
_
do _
Family living items
-do
Production items
do
All commodities and services, interest, taxes, and
wage rates. _ _
___1910-14=100-_
Paritv ratio©
r
..-do
Revised.
Corrections of March 1955 new orders figures in 1957 BUSINESS STATISTICS appear in corresponding note in October 1957 SUKVEY and later issues.
©Includes data not
shown separately.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable-goods industries are zero.
tFor these industries
(food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
c^Data are from Dun & Bradstreet, Inc.
*New series; based on number
of concerns listed in Dun & Bradstreet Reference Book. Data back to 1934 are available upon request.
|Revised beginning January 1955 to incorporate the latest revisions in the price
series for individual commodities; unpublished revisions (prior to April 1957) will be shown later.
©Ratio of prices received to prices paid (including interest, taxes, and wage rates).
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December 1958
1957
1958
DecemOctober November
ber
January
February
March
April
May
June
July
August Septem- October November
ber
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
1935-39=100-Consumer price index (U. S. Department of Labor):
All items
1947-49=100-Apparel
Food9
Dairy products
Fruits and vegetables
M[eats poultry and
Housing 9
Gas and electricity
Housefurnishings
Rent
M^edical care
Personal care
fish
-
-
Reading and recreation
Transportation
Private
Public
Other goods and services
217.2
217.4
217.2
217.8
218.0
220.0
220.6
220.6
220.6
221.0
220.5
220.7
220.3
1
121.1
121.6
121 . 6
122.3
122.5
123.3
123.5
123.6
123.7
123.9
123.7
123.7
do
-- -do_ do
do
do--
107.7
116.4
114.2
114.5
106.3
107.9
116.0
114.5
114.6
104.6
107. 6
116. 1
114.6
113. 9
106.0
106.9
118.2
114.6
121.9
110.2
106.8
118.7
114.5
124.4
112.0
106. 8
120.8
114.1
130.7
114.4
106.7
121.6
112.5
136.6
115.9
106.7
121.6
111.8
137.4
116.6
106.7
121.6
111.7
134.3
118.3
106.7
121.7
112.4
131.9
119.2
106.6
120.7
113.0
124.9
117.7
107.1
120.3
114.1
120.7
115 8
107.3
119 7
114 5
121 0
114 6
do _
-- --do
do
--- do. __
do
- do
126.6
113.8
104.8
136.0
139.7
126.2
126. 8
114.3
104.5
136. 3
140.3
126.7
127.0
114.3
104.9
136.7
140.8
127.0
127.1
115.7
104.2
136.8
141.7
127.8
127.3
115.9
104.9
137.0
141.9
128.0
127.5
115. 9
103.9
137.1
142. 3
128.3
127.7
116.0
104.0
137. 3
142.7
128.5
127.8
116.5
104.0
137.5
143.7
128.5
127.8
116. 9
104.1
137.7
143.9
128.6
127.7
117.0
104.0
137.8
144. 6
128.9
127.9
117.5
103.3
138.1
145.0
128.9
127.9
118.0
103.6
138.2
146.1
128.7
127 9
118 1
103 4
138 3
146 7
128 8
- do
_do_ -do do
do
113.4
135.8
125.4
181.6
126.8
114.4
140.0
129.7
182.8
126.8
114.6
138.9
128.6
182.4
126.8
116. 6
138.7
128.4
182.4
127.0
116.6
138.5
127.9
185.4
127.0
117.0
138.7
128.0
185.9
127.2
117.0
138.3
127.6
186. 1
127.2
116.6
138.7
128.0
186.1
127.2
116.7
138.9
128.0
187.7
127.2
116.6
140.3
129.3
189.5
127.2
116.7
141.0
130.1
189.5
127.1
116 6
141.3
130.4
189.8
127.1
116
142
131
190
127
117.8
118.1
118.5
118.9
119.0
119.7
119.3
119.5
119.2
119.2
119.1
119.1
119 0
119 2
95.3
125.2
119.0
95.3
125.3
119.6
96.4
125.4
119.9
97.5
125.4
120.6
99.5
125. 0
120.6
101.5
125. 0
121.4
100.3
125.1
120.9
101.7
124.9
121.0
100.7
124.7
120.7
100.0
125.0
120.8
99.1
125.3
120.6
'98.4
125.4
120.9
98.0
125 4
120 6
98.4
125 8
120 6
91.5
107.7
80.6
78.4
105.5
117.3
113.7
103.6
91.6
125.8
110.4
123.6
93.4
64.8
107.6
128.1
115.8
125.6
91.9
106.3
80.9
79.3
106.5
117.6
114.5
103.8
93.6
125.9
110.3
123. 6
93.4
65.2
107.7
128.1
115.7
125.8
92.6
108.3
80.5
82.6
107.4
118.3
114.7
104.6
95.5
126.1
110.6
123.9
93.5
65.4
107.8
128.4
116.2
126.3
123.5
122.7
105.1
122.8
93.4
71.4
100.0
122.0
53.8
91.2
116.9
117.1
149.2
137.3
165.2
151.2
138.7
150.4
122.1
166.5
130.8
135.4
155.1
126.7
127.1
130.9
143.3
144.7
153.5
95.0
99.6
89.8
119.6
82.3
107.4
127.8
119.8
134.8
86.8
117.9
123.5
123.5
105.4
122.8
93.3
71.6
99.5
122.0
50.3
90.8
116.3
116.4
149.4
138.3
165. 3
151.1
139.1
150.5
121.5
166.5
130.6
135.7
155.3
127.2
127.1
131.0
143.2
145. 7
153. 5
94.9
99.6
90.2
119. 5
82.1
105.8
128.0
120.3
134.8
87.2
118.0
96.1
127.9
79.9
91.1
109.9
118.1
114.2
105.7
102.7
125.7
110.6
123.6
93.6
62.9
110.4
128.4
113.6
126.2
100.1
101.5
118.9
123.6
105.3
123.3
92.5
70.7
99.6
r
122. 0
51.2
90.6
115. 8
116.2
149.3
138.3
165.6
151. 3
139.1
150.1
121.3
167.6
127.8
136.5
155.5
127.9
127. 1
130.8
143.1
144.6
152.1
94.1
99.2
89.3
117.5
81.2
103.8
128.1
120.3
134.8
89.3
119.5
100.5
143.1
82.2
95 8
110.7
117.8
113.4
106.8
105.9
125.7
110.7
123.7
94.0
64.2
110.3
128.4
112.4
126.2
100 1
101. 1
117.0
123.5
105.3
122.8
92.6
70.7
99.5
r
121.9
51.2
91.0
115. 5
115.9
149.2
138.3
165. 4
151.3
139. 1
149.8
120.7
167.3
127.0
135.3
155. 5
128.0
133. 1
130.5
143.0
144.6
152.1
94.0
99.3
89.0
116. 1
81.0
102.8
128.0
120.3
134.8
94.3
119.1
97.7
130.4
85.7
94.5
111.5
118.4
111.4
107.6
108.5
125.5
111.0
124.3
94.1
62.2
110.3
128.4
111.0
119.8
100.0
98.1
115.8
123.4
105.3
122.8
92.6
70.7
99.7
' 121.7
53.3
91.1
115.7
115. 9
149.4
138.5
165. 4
151.8
139.0
148.6
120.8
166.4
124.1
135.4
155.5
128.0
133.1
130.5
142.9
144.5
152.1
93.7
99.2
88.5
116.5
80.5
101.6
128.0
120.3
134. 8
97.8
119.1
98.5
123.4
84.2
99.8
112.9
117.9
110.8
108.2
112.8
125.3
110.8
123.9
94.3
61.5
110.3
128.4
110.3
119.7
100.0
98.3
114.7
123.2
104.9
122.8
91.1
70.7
99.9
' 121.8
55.4
91.1
115.9
116.7
149.4
138.4
165. 5
152.3
139.0
148.6
120.8
166.2
123.9
135.4
155.6
128.4
133.1
130.5
141.8
143.8
152.1
93.5
99.1
88.3
116.1
80.3
100.5
128.0
120.3
134.8
96.2
119.1
95.6
103.0
81.3
98.8
113.5
118.5
111.1
110.3
114.1
125.3
110.7
123.5
94.5
61.9
110.3
128.2
110.7
120.3
100. 1
97.4
115.3
123.0
104.9
122.5
91.2
70.0
100.3
r
121.8
57.0
91.8
116.4
116.8
149.5
138.3
165. 5
152.6
139.0
148.8
121.0
166.7
124.8
135.2
155.6
128. 5
133.1
130.5
141.8
144.2
152.1
93.3
99.1
87.6
109.9
80.4
101.3
128.0
120.3
134.8
93.7
119.1
95.0
106.0
79.8
96.7
112.7
117.5
111.6
111.6
112.1
125.6
110.4
123.1
94.4
62.5
108.0
128.2
111.9
121.1
100.1
97.9
117.1
123.2
104.8
122.6
92.2
71.1
100.3
"• 121.8
58.1
91.5
116.8
116.7
149.5
138.4
165.6
152.6
139.0
148.8
121.2
167.0
124.9
135.3
155.6
128.5
133.1
131.0
141.8
144.7
152.1
93.3
99.3
87.4
116.2
80.1
100.5
128.0
120.3
134.8
97.2
119.1
93.2
96.9
77.3
94.0
111.3
116.9
112.4
111.8
108.2
126.1
110.0
122.8
94.4
62.5
104.4
128.2
113.7
121.9
100 8
102.0
119.2
123.0
104.7
122.6
91.3
71.2
100.5
r
121.8
60.4
91.5
118.6
119.0
149.5
138.4
165. 6
152.8
139.0
150.8
121.2
171 3
126.1
135.2
155.6
128.3
133 1
131.0
141.8
144 4
152.8
93.3
99 3
87.7
116 3
80.0
100.4
128.0
120.3
134 8
95.6
119.3
93.1
97.6
76.1
91.5
r
111.1
r
117.8
113.9
r
111.4
107.1
126.2
109 9
122.7
94 4
61.7
104.3
128.2
114. 1
'122. 7
100 8
104. 1
119.7
' 123. 0
«• 104. 0
122.8
91.3
71.2
' 100. 2
r
121.9
59.0
91.3
120.4
121.0
r
149.4
r
138. 9
' 166. 0
r
152. 5
139 0
r
151.3
121 5
r
171 8
r
127. 3
' 136. 7
158 2
92 3
102.6
76 8
88 4
110.0
118 2
113.6
112 1
103 5
126.4
110 2
123 6
93 9
62 6
106 3
128 2
113.0
123.8
100 9
106 3
117.5
123 0
104.2
123 0
91 9
3
71
101 4
122 8
62 0 i
92 8 I
120 8
120 8
149.9
139.2
166.8
152 5
139 7
152 2
121 4
171 7
130 8
136.7
158 2
128.2
133 1
131 9
142 0
146 1
152 8
93.2
99 3
87 8
107 1
79 7
98 4
128.8
121 9
134 8
91 2
118.6
92 1
99.4
75 3
90 1
109 5
118 0
113.6
112 5
102 6
126.8
110 2
123 6
93 2
64 8
105 2
128 2
124.6
122.6
105.4
122.6
93.4
71.4
100.1
121.8
56.8
91.2
117.3
117.5
147.7
136.2
164.9
151.0
135.5
150.8
122.3
167.8
129.9
135.3
155. 1
126. 5
127. 1
130.9
143.2
146.2
153.5
95.1
99.6
89.9
120.0
82 3
108.3
127.7
119.6
134.8
87.7
117.9
93.7
121.2
79.0
86.2
109.5
118.0
114.2
105.6
101.7
126.1
110.8
123.9
93.6
63.1
110.7
128.4
116. 1
126.1
2
100. 0
2
100. 0
123.0
123.8
105.4
123.1
93.0
71.2
99.5
T
121.8
50. 5
90.7
116.3
116.5
149.4
138.4
165.6
151.2
139. 1
150.0
121. 5
166.6
128.7
136.4
155. 5
127.8
127. 1
130.8
143.2
145. 1
152.1
94.6
99.4
90.2
119.5
81.3
105.1
128.1
120.3
134.8
88.3
119.4
123. 7
6
7|
8
4
*?
WHOLESALE PRICEScTt
( U. S. Department of Labor indexes}
All commodities
1947-49=100-By stage of processing:
Crude materials for further processing
do
Intermediate materials supplies etc
- do
Finished goods©
-- do
Farm products $
do
Fruits and vegetables, fresh and dried
do
Grains
-do -.
Livestock and live poultry
do
Foods processed 9
-do
Cereal and bakery products
do _ _
Dairy products and ice cream
do
Fruits and vegetables canned and frozen
do- -Meats poultry and
fish
do
Commodities other than farm prod, and foods. -do
Chemicals and allied products 9
do
Chemicals industrial
do
Drugs and Pharmaceuticals
do
Fats and oils inedible
do
Fertilizer materials
do
Prepared paint
do
Fuel power and lighting materials 9
do
Coal
'
do
Flectric power
January 1958=100
Gas fuels
do
Petroleum and products
1947-49=100-Furniture other household durables 9
do
Appliances household
do - Furniture household
do
Radio receivers and phonographs
do
Television receivers
do
Hides skins and leather products 9 do
Footwear
do
Hides and skins
do Leather
- do
Lumber and wood products
- do
Lumber
__do
Machinery and motive products 9
do
Agricultural machinery and equip
do
Construction machinery and equip.-do
Electrical machinery and equipment
do
Miotor vehicles
do
Metals and metal products 9
do
Heating equipment
do _ Iron and steel
do
Nonferrous metals
do
Nonmetallic minerals, structural
do
Clay products
do
Concrete products
do
Gypsum products
- do
Pulp paper, and allied products
do Paper
do
Rubber and products
do
Tires and tubes
do__
Textile products and apparel 9
-do...
Apparel
do
Cotton products
do
Silk products
do
Manmade fiber textile products
do _ _
Wool products
do
Tobacco mfs. and bottled beverages 9
..do___
Beverages, alcoholic
-- do
Cigarettes
do
Miscellaneous
do
Tovs. snorting goods
do._r
r 128. 0
133 1
131 7
141 8
r 145 2
152 8
93.3
99 3
87 9
115 8
79 7
99 6
128.0
120 3
134 8
r
92 5
' 118.6
112 r
123 9
100 8
106 0
116 9
122 9
103 8
123 6
91 3
70 4
102 4
123 1
55 i
94 7
120 0
120' 1
151 2
141.3
167.9
152 5
142 9
153 1
121 4
172 2
133 7
136.7
158 3
128.2
133 1
131 U
142 0
146 C
152 g
93.1
99 3
88 0
106 0
79 3
97 7
128.8
121 9
134 g
93 2
118.6
2
Revised.
i Index based on 1935-39=100 is 206.8.
Comparable data prior to January 1958 are not available.
9 Includes data not shown separately.
d" For actual wholesale prices of individual commodities, see respective commodities.
J Revised beginning January 1958 to incorporate
revised weighting structure reflecting 1954 values. Figures are directly comparable with data for December 1957, with the exception of the electricity and gas components (see footnote 2).
© Goods to users, including raw foods and fuels.
SUEVEY OF CUEEENT BUSINESS
December 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-7
1957
1958
October Novem- December
ber
January
February
March
April
May
June
July
August Septem- October November
ber
COMMODITY PRICES—Continued
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
84 9
82 6
1947-49=100
do
84 7
82 2
84 4
82 2
84 1
81 8
84.0
81 6
83 5
81 1
83 8
81 0
83 7
80 9
83.9
80 8
83 9
80 7
84.0
80 8
84.0
80 8
i 84.0
i 80.8
1
83.9
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY!
New construction (unadjusted), total
mil. of dol._
Private, total 9
do
___do
Nonresidential buildings
Military facilities
Highway
.
Other types
' 2, 737 ' 2, 408 ' 2, 270 ' 2, 410 ' 2, 551 ' 2, 752 ' 2, 959
Private, total 9
do .
Residential (nonfarm)
Nonresidential buildings, except farm and
utility, total 9
mil
Industrial^
Commercial!
Farm construction
Public utility
Public total 9
do
1,586
1,180
357
1,524
1,140
333
1,365
1,050
265
1, 165
895
220
' 1, 078
'810
219
1. 177
890
239
842
287
332
114
'510
799
277
306
100
'459
'746
274
270
'100
'385
705
252
258
'104
'372
689
235
262
'113
'419
' 1, 439 r 1, 169
844
289
330
133
' 548
' 1, 026
'918
'836
'932
••410
132
'576
321
'368
108
'405
288
'343
97
'334
252
'343
87
'230
258
'312
73
'220
231
'350
77
'235
' 270
' 4, 132
' 4, 102
' 4, 175
' 4, 068
' 4, 004
r 2, 898
' 2, 902
' 2, 882 ' 2 830 ' 2, 796
1,461
1,472
1,461
1 445
798
283
306
133
r
490
796
281
305
134
485
790
272
304
133
'483
769
269
288
' 134
'469
1, 200
' 1, 293
r
1 234
r
Nonresidential buildings
do
392
Military facilities!
_ do_
111
r
Highway
do
430
CONTRACT AWARDS
Construction contracts in 48 States (F. W. Dodge
Corp.):f
Total valuation
_ _
_
__mil. of dol__
2,614
Public ownership
do
787
Private ownership _ _
_
_ _ _ _ _ d o _ _
1,827
Nonresidential buildings:
Floor area
thous. of sq. ft _ 66, 362
Valuation
mil of dol
910
Residential buildings:
Floor area
thous of sq ft
106 636
Valuation
mil. of dol
1,165
Public works:
327
Valuation
_
do__
Utilities:
Valuation _ _
...
do
211
Engineering construction:
Contract awards (ENR)§
mil of dol
Highway concrete pavement contract awards :cf
Total _ _
_ _ _ _ _ _ _ ___ _
thous. of sq. yd _
Airports.. _
_ ___
_
_ do _
Roads
do_ __
Streets and alleys
do
NEW DWELLING UNITS
( U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned___thousands__
Privately owned, total _
do
In metropolitan areas
do
Publicly owned._
do _
Seasonally adjusted at annual rate:
Privately owned, totalj
._ _
do
Residential construction authorized, all permit-issuing
places:
New dwelling units, total
thousands
Privately financed, total
Units in 1 family structures . _
Units in 2 family structures
Units in multifamily structures.
Publicly financed, total
do
_ _do
do
do_ _
do_ _ _
' 3, 106
' 3, 005
do
public
of dol
do
do
do
do
do
' 3, 326
3, 127
do
do __
do
do
New construction (seasonally adjusted), total
' 4, 347
'3,763
r
Residential (nonfarm) 9
do__ _
New dwelling units
do
Additions and alterations
do
Nonresidential buildings, except farm and public
utility, total 9 _
mil ofdol..
Industrial
do
Commercial
_
__do
Farm construction
do
Public utility
...
_ __do
Public, total
' 3, 342 ' 3, 636 ' 4, 000
' 4, 566 ' 4, 174
T
r
' 3, 966
' 1. 289 ' 1, 421
' 1,015
945
'355
'296
677
218
263
' 126
'446
' 1, 085
'374
80
'335
' 296
698
204
285
'146
'470
' 1, 248
'386
88
'455
'319
' 3, 881 ' 3, 879
' 2, 757 ' 2 699 ' 2, 696
' 1 435 ' 1 397 ' 1 351 ' 1, 348
748
252
281
' 134
'466
742
240
288
' 133
' 471
733
222
294
' 133
'468
733
210
302
' 133
' 466
' 4, 548 ' 4, 707 ' 4, 751 ' 4, 726
4. 410
' 3, 082
' 3, 172
' 3, 173
3.087
' 1, 559 ' 1, 645 ' 1, 708 '1,732
' 1, 125 ' 1, 205 ' 1. 275 ' 1,315
'382
'382
'388
'366
'1,753
' 1.335
'364
1.709
1.315
337
735
193
315
' 160
'486
' 1, 388
'411
95
' 545
337
' 3, 929
754
185
326
'169
'494
' 1, 466
' 3, 153
743
179
316
'173
'512
' 741
174
'315
' 161
'520
' 1, 554 ' 1, 579
'421
105
'585
'355
'428
120
'635
371
' 3, 981
' 4, 041
' 2, 725 ' 2 760 ' 2, 799
724
187
308
' 133
' 453
702
179
294
' 133
'453
' 1, 553
'386
110
' 514
'382
107
2,371
867
1,504
1,982
734
1,249
61, 260
878
86 424
930
'360
96
' 458
'374
95
'443
' 380
88
'414
'375
90
'410
' 4, 261
4, 340
' 2, 847 ' 2, 934
2,983
' 4, 119
' 695
172
' 291
135
' 460
' 1,613
' 706
172
' 296
' 134
' 464
2 066
758
1 308
1 953
769
1 185
2 721
1 027
1 694
2 881
1 053
1 828
3,403
1 463
1 939
51, 043
699
54, 942
759
52 313
751
66 456
967
63 836
958
67 225
759
71 653
777
67 672
727
97 732
1 071
444 '
381
328
358
118
144
201
117
1 700
1,232
967
1 259
6,668
749
3,143
2,775
3,950 2 11, 386
65 2 779
2,355 2 7, 817
2, 790
1,530
' 390
' 112
' 436
1,650
717
175
302
134
404
1 363
39o
120
505
r 424
'383
102
'432
3 820
1 720
2 100
3 607
1 550
2 058
3,467
1 233
2,234
3 216
1 049
2 167
3 309
1 071
2 238
76, 099
1 124
68 128
976
75 453
1 076
75 653
1 079
62 943
892
69 698
955
113 755
1 240
124 189
1,346
125 122
1 364
140 037
1 557
131 709
1 451
130 373
1 460
143 784
1 595
501
551
713
876
723
705
541
532
183
132
220
603
250
232
323
228
1 175
1 398
1 583
2 314
1 900
2 482
1 622
1 348
1 621
5,488
196
3,972
1 320
4,554
209
2,640
1 705
7, 553
470
5, 500
1 584
13, 328
2,239
7 439
3 651
11,637
3,685
4,261
3 691
11,045
2,475
5 633
2 938
842
631
475
737
11 173
1 256
6 520
3 398
10 354
512
6 609
3 233
7 905
143
5 189
2 572
118.0
111.0
102. 0
109 0
77 0
2 0
100 0
70 9
2.0
1, 260. 0
1, 330. 0
r 45]
' 384
86
'426
'385
94
1, 329
379
125
485
340
' 1 238 ' 1 208 ' 1 209 ' 1 182 ' 1 183 ' 1 204 ' 1 221 ' 1 242 ' 1 272 ' 1 3°7
'382
104
r
422 !
760
178
327
114
487
'426
' 140
'630
357
'430
' 135
'645
'369
' 1 386 ' 1 434 ' 1 496 ' 1, 540
729
195
311
' 134
' 459
' 750
175
'319
' 134
'519
17
6
7
3
97.0
78.2
63.4
67.9
66.1
81.4
99.1
108.5
112.9
112.8
' 124. 0
88.4
58.5
8.6
75.7
50.8
2.5
62.5
43. 1
.9
62.9
43 3
5.0
61.0
42 1
5.1
77.3
51 8
4.1
94 2
65 0
4.9
101.3
69.5
7.2
101.3
70 6
11.6
108 6
78 1
4.2
' 114 6 ' 108 0
' 78 3
75 3
'9.4
10.0
1, 020. 0
1, 009. 0
1, 000. 0
1, 020. 0
915.0
918.0
983.0
1, 039. 0
1, 057. 0
379.2
58.7
49.8
54.6
50.7
71.2
88 0
92.0
95.8
'98 5
94 0
100 8
3 74.8
60.5
3
3.0
11.2
4.4
55.5
45.1
2.5
7.9
3.2
48.8
38.2
2.3
8.2
1.0
53.1
40.4
2.4
10.4
1.4
47.7
36.4
2 2
9.1
2.9
68 4
52.2
31
13.2
2.7
85 4
66 3
3 7
15 3
2.6
86.2
68.0
3 4
14.8
5.8
88 5
71.3
30
14 2
7.3
' 96 4
' 74 7
'3 3
' 18 5
'2.1
90 3
72 8
34
14 1
3.7
' 405
' 118
' 470
93 5
75 3
34
14 8
7.2
1, 174. 0 ' 1, 228. 0 1, 220. 0
' Revised.
» Preliminary.
2
i Indexes based on 1935-39—100 are as follows: Measured by—wholesale prices, 44.0 (October), 43.9 (November); consumer prices, 48.4 (October).
Data include some contracts awarded
3
in prior months but not reported.
Revisions for September 1957 for new dwelling units authorized (thous.): Total, 72.2; privately financed, 71.0; 2 family structures, 2.8.
{Revisions for the indicated series are available as follows: Construction activity for 1956, the June 1958 Construction Review, and for January-September 1957, the December 1958 issue;
dwelling units started (1946-57), p. 19 of the November 1958 SURVEY.
9 Includes data not shown separately.
!Data prior to December 1956 are available upon request.
| Revised
series, reflecting nationwide coverage and new techniques for compiling data on residential buildings.
§Data for October 1957 and January, May, July, and October 1958 are for 5 weeks;
other months, 4 weeks.
cfData for October and December 1957 and April, July, and September 1958 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December 1958
1957
1958
October Novem- December
ber
January
February
March
April
May
June
July
August Septem- October November
ber
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES
138
Department of Commerce composite
1947-49=100
American Appraisal Co., The:
672
Average 30 cities
1913 = 100
728
Atlanta
do
New York
_.
_ do___
711
625
San Francisco
do
661
St. Louis
_ _ _
do __
Associated General Contractors (aH types)
__do_
490
E. H. Boeckh and Associates: §
Average, 20 cities:
Apartments, hotels, and office buildings:
290. 6
Brick and concrete
U. S. avg. 1926-29 = 100..
284. 5
Brick and steel
do
282. 3
Brick and wood
do
Commercial and factory buildings:
300.3
Brick and concrete
do
300.3
Brick and steel
_ _
do
282. 3
Brick and wood
do
Frame
.. do_ __ 278. 6
288.2
Steel
do
Residences:
282.6
Brick
do _
274.0
Frame
_. _
_ do. _ _
Engineering News-Record :d^
152.8
Building
1947-49 = 100..
Construction
. do
162.8
Bu. of Public Roads— Highway construction:
Composite standard mile
1946=100.CONSTRUCTION MATERIALS
Output index, composite, unadjusted^! 1947-49= 100. . 139.3
Seasonally adjusted
do
149.4
Iron and steel products, unadj
do
130.1
Lumber and wood products unadj
do
180 2
Portland cement unadi ^f
do
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
thous. of doL. 232, 048
Vet Adm : Face amount
_
do. . 279, 693
Federal Home Loan Banks, outstanding advances to
1,131
member institutions
.
. mil. of dol _ _
New mortgage loans of all savings and loan associa980
tions, estimated total
mil. of dol
By purpose of loan:
341
Home construction
do
443
Home purchase
do
196
All other purposes
..
do. _.
New nonfarm mortgages recorded ($20,000 and under),
2, 226
estimated total
__
..mil. of dol_.
3,018
Nonfarm foreclosures
number-77, 753
Fire losses
--- thous. of dol
138
137
137
137
137
138
138
139
139
139
139
140
672
730
712
624
665
491
672
729
711
622
664
490
673
729
730
621
667
493
673
732
730
620
667
493
674
737
730
619
667
493
675
737
730
619
666
494
677
737
730
619
670
498
680
737
730
635
670
498
681
737
736
635
670
502
683
738
737
637
671
503
690
756
741
639
671
504
691
756
741
640
671
504
691
756
741
641
671
504
290.7
284.3
282.1
291. 1
284.4
282.3
291. 5
284.4
282.4
291.4
284.2
281. 5
290 7
282.8
280.7
291.4
283.0
281.1
292.2
283. 5
281.6
294.7
285. 8
283.4
296.1
286. 9
284.3
296.7
287.7
285.5
296. 9
288.0
285. 6
298.3
289.6
286.7
298.8
290.1
287.0
300. 5
300. 5
282.2
278.4
288 3
301.0
300.8
282.3
278. 5
288.4
301.7
301.2
282. 5
278.7
288. 6
302.0
301. 3
282. 1
277.0
288.7
301. 3
300. 8
281.4
276. 2
288.0
302.3
301. 7
281.8
276.8
288.5
303.4
302. 5
282.2
277.2
289.0
305.9
304.5
284.2
279.5
290.7
307.6
305. 8
285.1
280.3
291.5
308.3
306. 6
286.0
281.8
292. 1
308. 5
307.2
286.2
281.8
293.2
309.7
308.1
287 1
282.7
293 8
310
308
287
282
294
282. 5
273. 7
282. 6
273.8
282.9
273.9
281.9
272.5
281.2
271.7
281.6
272.1
282.2
272.4
284.1
274.4
285. 0
275. 2
286. 3
276.4
286. 3
276.5
287.3
277.5
287 5
277 7
152. 7
162.9
152.8
164.1
152. 5
164. 2
152. 6
164.3
152.8
164.6
153.4
165.9
154.1
167.2
155.1
168.3
155.5
168.7
1 58. 2
170.7
158.7
171 1
158.2
170.9
140.4
143.4
141.6
r
r
113.9
101.4
109.8
98.0
109.7
* 119.2
126.7
107.8
149 6
115. 3
95.8
133 9
115.2
112.7
110.6
100.7
102.8
84.6
116.3
110. 5
106. 2
121.9
115.3
143 6
231, 192
213, 029
248, 540
176, 088
306, 392
160, 352
278, 834
141, 697
319, 198
123, 176
305, 559
85,017
1,143
1, 265
906
790
696
815
803
929
768
734
723
704
819
920
1,019
1,107
250
358
160
248
324
162
245
308
171
233
289
182
281
318
220
316
354
250
346
406
266
379
461
268
1,877
2,852
75, 321
1,851
2,877
91, 519
1,782
3,276
99, 918
1,701
2,929
103, 853
1,866
3,477
102, 722
2,022
3,661
99, 061
2,151
3.507
85, 633
204
202
150
183
160
28
431
219.1
202
208
150
181
155
31
417
219.1
47, 651
5, 158
12, 637
9, 576
5, 716
4, 795
47,918
!31. 4
r
139.2
119. 5
175. 1
311,111
72, 703
137. 4
153.3
117.5
179.9
1
7
4
9
4
139 2
138.5
r 128. 5
122.0
129.3
131.2
189 5
131.8
189 0
196 5
371, 405
155, 860
479, 877
189, 350
500, 786
239, 396
901
939
1,010
1,083
1,180
1,180
1,215
1,290
374
511
296
373
538
269
401
537
277
428
570
291
2,275
3, 663
90, 048
2.543
3,774
80, 782
2, 535
3,518
75, 491
2,596
3,820
73, 303
73, 393
207
198
159
193
160
26
416
205
193
160
191
176
26
404
203.6
172.6
199
190
151
184
163
24
408
163. 0
197
199
145
182
150
27
399
194.1
43, 769
4, 068
41,119
2,979
41, 509
3,136
12, 274
42, 451
r
342, 568
97, 505
r
118.7
178 5
367, 940
126. 727
r
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
2209
Combined index
1947-49 = 100
2 210
Business papers
. . .
do
2 158
Magazines
do
2
200
Newspapers
-. do
2 2 150
Outdoor
-do
39
Radio (network)
_ _ _
.. do
2422
Television (network) %
1950-52 = 100. .
Tide advertising index, unadjusted
1947-49 = 100. . 3 238. 1
Tele vision advertising:
Network: 9
49, 268
Gross time costs total
thous. of dol
4, 904
Automotive, including accessories
. do
15,184
Drugs and toiletries
. . ..do
9, 331
Foods, soft drinks, confectionery
do ..
5. 850
Soaps, cleansers, etc.do
5, 034
Smoking materials
.. do.
8, 965
\11 other
- - - - do
Spot:*
Automotive including Accessories
Drugs and toilctrio^
Foods, soft drinks, confectionery
Soaps cleansers etc
.
do
do
_ . . do .do
211
208
167
197
172
41
412
231.0
214
211
164
209
155
41
42(5
184.1
47 999
5, 873
13, 380
9, 064
5, 635
4, 805
49, 742
5, 285
14, 536
9,242
9,524
5,771
4.732
9,894
119 835
3, 025
25, 344
39, 199
10, 104
7, 726
34, 437
211
206
163
190
151
34
426
17J. 1
207
207
158
184
161
31
415
189.1
49, 607
5, 242
13, 782
10, 170
5,516
5,219
44, 638
9,678
8,487
4.720
12, 706
9,263
5, 099
4, 363
207
217
150
184
163
28
422
211.5
49, 488
5, 347
13, 862
10, 044
5, 520
4, 975
9, 741
119, 062
2. 089
26, 367
39, 609
10, 630
8. 072
32, 295
9,770
5, 162
12,103
9,633
5, 696
4,981
10, 342
11,772
9, 093
4,706
4,808
9,323
130 353
1,915
26, 329
39, 905
14, 575
8,918
38, 711
12, 560
9,051
4,398
4, 550
7, 581
8,877
4,556
4,718
7.949
3,870
11, 429
9,113
4,815
4,933
8,291
113 184
1 438
22, 378
32, 282
16,015
8 330
32 741
\11 other
do
54, 409
67, 587
69, 727
66, 070
40, 625
38, 422
58, 303
55, 270
77, 104
39, 145
74, 298
61, 224
71,529
Magazine advertising cost, total
do
5,572
5,424
2,859
4, 165
2,104
5, 033
4,924
3,770
3.215
770
6, 096
7,450
5 273
Apparel 'ind accessories
- do
5, 861
6, 636
6, 505
4,134
5,201
3,047
8, 440
6,048
3,741
3, 584
9,227
2,742
6, 355
Automotive incl accessories
_
do
0
3, 276
3,372
2,272
3,894
3,171
1,417
1,138
2,397
1,280
1,625
3, 230
3 478
2 684
Buildin ' materials
do
6, 214
6, 241
7,231
4, 223
5,311
6,618
5,820
4,893
5, 350
7, 968
8,401
5,826
7,026
Drugs and toiletries
do 8,301
4,972
7,939
7,517
6,713
7,818
5,360
7, 994
6, 633
5,777
8,282
6 879
9 080
Foods soft drinks confectioner v
do
3,475
3,215
3,444
3,477
2,517
2.143
4, 555
5, 839
1,798
2, 507
4, 057
3, 166
4,071
Beer, wine, liquors
do
5,409
6,540
4,761
7,711
2,797
2,065
3,973
1,983
2,378
7, 643
8, 456
4,446
7,099
Household equip supplies, furnishings
-do
5,042
4,562
4,914
3,082
4, 246
4,011
2, 292
592
2, 686
6, 273
5,708
3,916
3 980
Industrial materials
do
1,226
1,003
1,168
1,002
674
456
521
719
375
478
1,084
972
1,652
Soaps cleansers etc
do
1, 866
2,051
2,026
1, 276
1, 78C
1,610
1,791
1,877
2,071
2, 051
2,561
2, 035
2,536
Smoking materials
... _
do
21, 105
20, 364
21, 290
16, 985
17, 306
13, 255
11,711
12, 973
16, 948
23, 353
23, 364
19, 789
21,771
All other
do
T
Revised
1 For August 26-September 30 (earlier figures cover month ending the 25th day; later figures on calendar-month basis).
3
2 Revisions for September 1957: Combined index, 215;"business papers, 224; magazines, 165; newspapers, 220; outdoor, 154; radio, 33; television, 383.
Revision for September 1957: 213.9.
^Copyrighted data; see last paragraph of headnote, p. S-l.
c?Data reported at the beginning of each month are shown here for the previous month.
f Data prior to August 1957 will
be shown later.
{Revisions beginning July 1955 appear in the October 1957 SURVEY and later issues.
9 Series beginning January 1958 made available through courtesy of Television
Bureau of Advertising, Inc. (data compiled by Leading National Advertisers, Inc., and Broadcast Advertisers Reports, Inc.). *New series (from Television Bureau of Advertising, Inc.; data
compiled by N. C. Rorabaugh Co., Inc.}; data back to 4th quarter 1955 will be shown later.
SURVEY OF CURRENT BUSINESS
December 1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
October Novem- December
ber
S-9
1958
January
February
March
April
May
June
July
August Septem- October November
ber
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Magazine advertising linage, totaL
- .thous. of lines .
Newspaper advertising linage (52 cities), total - do.
Classified
do
Display, total - - _ _ _ _ _ _ _ _ _ _ _
_ -do
Automotive
do
Financial
_
_
__ _
do
General
do
Retail
do
PERSONAL CONSUMPTION
5,376
259, 037
57, 457
201,580
16 188
4,233
38 492
142, 667
4,971
249, 980
52, 316
197, 664
19 476
3 723
32 294
142, 171
4,171
197, 123
49 376
147 747
11 733
5 643
23 431
106 941
4,375
188,
45
142
10
3
28
100
297
896
401
499
?05
355
342
5,449
227,
53
174
11
3
32
126
825
704
122
492
837
017
776
4,835
4,357
3,615
3,172
4,032
228, 010
53 490
174 520
13 314
3 878
32 660
124 668
240, 879
56 766
184 113
13 729
3 416
34 841
132 127
226, 239
54 976
171 263
12 564
3 816
33 022
121 860
197, 970
51 455
146 516
10 349
4 405
25 806
105 955
211,567
55 555
156 022
10 028
2 611
23 859
119 52G
4,942
4,990
224,
53
171
8
3
29
129
642
406
236
938
522
608
167
259, 226
55 071
204, 155
17 OQ2
4 131
39 486
143 447
EXPENDITURES
Seasonally adjusted quarterly totals at annual rates :f
Goods and services, total- .. _bil. ofdol .
N endurable goods, total? -- - - - -Clothing and shoes
Food and alcoholic beverages __ _ _
Gasoline and oiL
-
287.2
286.2
288 3
291 5
do___
do
do_
Durable goods, total? --- -- - - - - - Automobiles and parts
Furniture and household equipment
Services, total?
Household operation
Housing
Transportation.. _ _ _
3,810
239, 625
46 007
193, 618
10 584
4,004
26 448
152, 582
39.6
17. 1
17.0
36.3
13 6
17 1
35 6
13 5
16 6
36 1
13 2
17 3
do
do
do
_ do, -
138.8
24 4
76.2
10.2
139 8
23 9
77 5
10.3
141 4
24 0
78 6
10.3
142
24
78
10
9
8
5
5
108.7
16.2
36.3
9.0
110 1
16 4
36 6
91
111 3
16 7
36 9
91
112
17
37
9
5
0
2
2
- -- -- -- -do
__.
do
_ _ _ _ _d o
do
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
mil. of doL_
16, 949
17, 133
19, 844
15, 286
13, 783
15, 549
16, 273
17, 364
16,603
16, 596
17,000
16, 326
Dur able-goods stores?
do
Automotive group
_ _ _ _
do
Motor-vehicle, other automotive dealers.do ___
Tire, battery, accessory dealers _
do
5 605
2,945
2,753
192
5,514
2,977
2,790
188
5 999
3,009
2,780
229
4 810
2 810
2,665
145
4 290
2 471
2,338
132
4 860
2 789
2,633
156
5 261
2 934
2,751
183
5 625
3 082
2,879
203
5 590
3 047
2,842
205
5 444
2 907
2,692
215
5 360
2 789
2,583
206
5 080
2 447
2,259
188
Furniture and appliance group _
__ do
Furniture, homefurnishings stores _ _ _ do
Household-appliance, radio stores
do
919
576
342
962
614
348
1,144
696
447
777
496
282
719
461
259
772
500
272
761
498
263
840
557
284
847
539
308
840
528
312
872
567
305
850
546
304
r 932
609
323
Lumber, building, hardware group _ _ do
Lumber, building-materials dealers,
do
Hardware stores
__ _ do
1,035
795
240
903
674
229
858
575
283
683
511
172
591
437
154
700
521
178
876
652
224
991
734
257
992
754
238
1 002
775
227
1 005
782
223
1 038
812
225
1 083
841
242
11,345
1 083
216
434
258
175
11, 619
1 140
235
448
281
175
13, 844
1 790
409
701
445
234
10 476
854
183
341
186
144
9 493
698
144
278
158
118
10 688
'%8
159
394
227
178
11 012
1 056
183
420
243
210
11 739
1 058
191
425
238
202
11 013
963
197
358
226
182
11 153
867
166
334
206
162
11 639
954
160
373
236
185
11 246
1 042
' 167
418
256
200
- do
do
-do
-do
do
559
1,263
4 102
3,647
1 287
532
1,205
4 233
3 769
1 262
690
1,238
4 258
3 742
1 286
538
1,133
4 126
3 662
1 209
507
1,027
3 778
3 342
1 122
534
1,124
4 103
3 636
1 214
521
1,171
4 048
3 575
1 252
544
1,272
4 418
3 930
1 335
520
1,283
4 104
3 621
1 331
524
1,372
4 251
3 767
1 410
539
1,406
4 360
3 877
1 448
538
1,276
4 068
3 594
1 346
r
556
1,280
4 344
3 875
1 384
i 535
1,196
4 231
3 759
1 360
General-merchandise group ?
do
Department stores, excl mail-order cf -do
Mail-order (catalog sales) ._ __
— _ do
Variety stores
-do
Liquor stores
do
1,838
2,008
3,095
138
288
350
159
310
379
209
606
545
1,376
780
105
221
316
1,201
664
97
203
296
1,553
904
111
244
328
1,667
963
112
275
323
1,784
1 035
120
283
364
1,651
961
108
266
337
1,576
893
106
270
362
1,768
1 013
120
298
381
1,781
1 049
129
289
360
1,932
1 146
147
305
384
2,037
1 207
Estimated sales (seasonally adjusted), total— do
Nondurable-goods stores ?
___
_ _ -do _
Apparel group
do
Men's and boys' wrear stores. —
do
Women's apparel, accessory stores
do.. Family and other apparel stores
_ __ do _
Shoe stores
do
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
_
-
' 17, 360 i 17, 279
r
5 379
r 2 613
i 5 407
* 2 809
2, 407
205
r 11 981
r 1 135
*971
1 11 872
i i 144
198
457
287
194
16, 714
16, 562
16, 846
16, 718
16, 089
16, 066
16, 502
16, 562
16, 581
16, 721
16, 859
16, 562
r 16, 941
i 17, 182
Durable-goods stores ?
- do
Automotive group
- _
— do_ _
Motor-vehicle, other automotive dealers.do
Tire, battery, accessory dealers
. .do
5 612
3, 180
3,002
178
5 606
3, 159
2,975
184
5 588
3,087
2,899
188
5 538
3 094
2,906
188
5 055
2 741
2, 565
176
5 020
2 665
2,485
180
5 163
2 769
2,584
185
5 235
2 812
2,616
196
5 149
2 736
2,551
185
5 2°1
2 803
2,615
187
5 214
2 703
2, 510
193
5 095
2 600
2,412
189
r 5 374
2 819
2,625
194
i 5 578
Furniture and appliance group
_
- do
Furniture, homefurnishings stores
-_do_ _
Household-appliance, radio stores _ _ do _
838
520
318
870
546
324
895
561
334
869
561
308
852
546
306
868
553
315
827
532
294
840
543
297
843
546
297
851
541
310
891
575
316
858
559
299
871
565
306
Lumber, building, hardware group
..do
Lumber, building-materials dealers.. _-do .
Hardware stores _
_ _
--do
905
691
215
874
664
211
877
661
216
887
662
226
830
613
217
822
611
212
875
648
227
903
668
234
902
677
226
895
681
214
919
692
226
926
711
215
940
718
222
11,102
1 029
216
415
228
170
10 956
1 007
192
407
237
170
11 257
1 087
214
432
260
180
11 180
1 059
214
412
248
186
11 033
1 004
208
380
237
178
11 046
988
181
392
234
181
11 339
1 045
201
404
253
188
11 327
1 013
189
395
247
182
11 432
1 012
194
392
250
176
11 500
1 060
206
414
257
183
11 645
1 094
202
433
261
197
571
1,215
4, 109
3,651
1,250
551
1 233
4,028
3, 586
1 254
546
1 226
4, 135
3,671
1 260
539
1 236
4 116
3 635
1 290
540
1 186
4 167
3 684
1 282
540
1 199
4 162
3 678
1 267
539
1 237
4 217
3 731
1 283
539
1 248
4 159
3 686
1 297
532
1 228
4 272
3 781
1 274
53G
1 247
4 216
3 734
1 306
551
1 255
4 152
3 688
1 340
Nondurable-goods stores ?
Apparel group
Men's and boys' wear stores _
_
Women's apparel, accessory stores___
Family and other apparel stores _ __
Shoe stores
_ _ _ _ _
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores _ _ _ _ _ _
Gasoline service stations
- do
do
—do
-do
—do _.
—do
do
-do
_
-_ -do
_ _ _ _ _ _ — do_ _
do
11 468 r 11 567 i 11 go4
1 068
1 042
193
191
434
432
257
242
185
177
563
1 221
4 169
3 686
1 338
568
1 244
4 187
3 726
1 358
General-merchandise group ?
-do
1,706
1 772
1,704
1 729
1 801
1 640
1 766
1 879
1 798
1 787
1 918
1 805
1 817
Department stores, excl. mail-order cf— -do
998
1,012
931
1,008
1, 089
1,134
1, 041
1^ 055
1,040
1, 042
Mail-order (catalog sales) _
_
..do. __
124
119
121
129
130
125
129
136
126
129
119
129
134
Variety stores .
-do
293
285
300
316
278
276
289
295
313
312
290
309
310
352
Liquor stores
do
342
361
354
350
348
381
365
359
376
372
380
384
' Revised.
.
Advance estimate..
f Revised series.. Revisions (back to 1st quarter 1946) appear on p.. 24 of the September 1958 SURVEY..
? Includes data not shown separately.
c* Data beginning January 1958 are on a revised basis, reflecting reclassification of certain stores to department stores; comparable data prior to 1958 are not available.
December 1958
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1957
1958
October Novem- December
ber
January
February
March
April
May
June
August Septem- October November
ber
July
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated inventories:
Unadjusted total
mil of dol
Durable-goods stores
do
Nondurable-goods stores
_ do
Nondurable-goods stores 9
Apparel group
Food group
General-merchandise group
.
_
25 280
11,060
14, 220
23 430
10 880
12, 550
23 360
11,010
12,350
23 980
11, 220
12, 760
24 690
11 480
13, 220
24 640
11, 370
13, 270
24 360
11, 270
13,090
23 820
10, 950
12, 870
23 500
10, 720
12,780
23 510
10 430
13, 080
24, 220
10, 950
4,460
1,950
2, 100
24, 330
11 220
4,590
1 990
2, 170
24, 470
11,420
4,760
1 990
2,210
24, 460
11,340
4,820
1,950
2,210
24, 290
11, 220
4,790
1 930
2,160
24, 100
11 030
4,670
1 900
2 150
23, 930
10, 770
4,480
1,870
2,130
23, 880
10, 790
4,410
1,920
2,160
24, 070
10, 800
4,370
1 920
2, 180
23, 990
10 730
4,210
1 920
2,220
23, 860 ' 23, 680
10 660 r 10, 480
r
3, 790
4,030
1 980
1 960
2,260
2,220
13, 270
2,700
2,840
4 180
13, 110
2,640
2,830
4 150
13, 050
2,730
2,780
4 160
13, 120
2,820
2,840
4 090
13, 070
2,780
2,850
4 060
13, 070
2,720
2 910
3 990
13, 160
2,720
2,960
3 950
13,090
2,700
2,900
3 960
13, 270
2, 700
2 950
4 050
13, 260
2,750
2 930
4 030
13 200
2,670
2 930
4 000
13, 200
2,700
2 880
4 030
13, 210
2,680 )
2,870 )
4 080
do
Seasonally adjusted, total
Durable-goods stores 9
Automotive group
_
Furniture and appliance group
Lumber, building, hardware group _-
24 500
10, 380
14, 120
4,236
4,432
5,508
3,763
3,353
3,920
4,051
4,417
4,073
4,045
4 277
4,128
4,533
do
do
do
do
do
do ._
do
_ do
do
Firms with 4 or more stores:
Estimated sales (unadjusted), total
Firms with 11 or more stores:
Estimated sales (unadjusted) 9 §
3 604
3 806
4 722
3, 210
2 864
3 356
3 476
3 795
3 473
3 465
3 697
3 566
3 907
- - do
do
do
do
232
21
96
64
244
24
103
66
386
40
167
101
165
16
66
52
136
11
57
43
220
17
95
65
243
18
100
82
237
19
102
75
223
18
91
72
188
15
81
61
210
14
95
67
239
15
101
78
251
20
107
72
do
do
do
87
74
41
87
71
42
133
74
44
83
67
34
78
62
34
86
69
38
86
69
38
93
74
42
87
74
38
89
77
38
92
80
39
90
74
41
93
76
47
1,136
1,239
1 903
1,054
830
488
167
716
412
151
1 096
620
214
666
218
1 028
630
205
983
578
205
1 106
1 112
'669
1 216
220
731
234
1,518
1,568
942
568
188
1 033
467
1,401
1 516
1,484
1 684
1 462
1 531
1 608
1 461
75
79
75
69
1 648
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
General-merchandise group 9
do
Department stores, excl mail-order© _ _ d o
Variety stores
do
Grocery stores
_ _. do _
Lumber, building-materials dealers..
do
Tire, battery, accessory stores __
do
50
93
47
54
3,463
3,619
3,557
220
19
93
67
239
21
101
71
228
20
95
74
87
71
37
90
73
35
91
72
37
1,051
1,043
1,099
3,466
do
do
do
do
219
20
92
64
do
do
.. do _
42
50
60
68
3,436
3,492
3,585
3,631
3 645
3 728
3 771
3 685
3 695
211
17
88
68
214
17
94
65
224
17
96
70
226
18
98
68
225
18
92
68
239
22
97
70
250
21
104
74
237
19
103
70
235
18
101
72
88
72
39
88
72
39
89
71
37
90
71
41
94
73
38
90
73
40
91
73
41
97
75
39
94
71
43
94
73
40
1,077
1 117
1 174
1 201
1 134
1 134
71
81
71
80
622
229
992
577
207
1,061
1,094
1,122
650
225
670
228
1,471
59
67
1,500
1,522
635
216
58
68
61
69
60
69
1,521
1,504
1,540
57
66
60
68
1,537
159
336
171
346
227
385
188
381
156
367
149
362
150
346
151
342
149
340
48
15
48
15
47
15
46
14
44
14
49
15
46
14
48
15
43
44
13
44
43
13
45
43
12
44
42
14
44
42
14
43
43
14
43
44
13
1947-49=100..
Sales, unadjusted, total U. S.f
_ _
134
162
241
100
95
116
do . _ _
do _
do
. do _
__do _
do
«• 164
193
144
153
159
183
161
301
232
221
233
270
246
122
91
92
97
123
103
121
84
86
90
112
99
150
100
107
108
137
121
Minneapolis _
New York
Philadelphia
Richmond
St. Louis
San Francisco
__
.. do
-do
do
_
do.. _
_ _
-do__ .
do
138
132
148
138
135
145
158
171
178
163
162
220
226
236
272
238
247
92
100
95
103
100
105
90
91
86
96
96
104
Sales, seasonally adjusted, total U. S f
129
133
138
130
r 156
166
118
125
129
161
139
174
128
130
133
156
142
157
116
121
125
156
138
_
...
do
do _ _
do._
...do _ _ _
. do .
do
do
616
218
1,472
117
127
125
158
142
«• 127
116
121
121
152
136
612
216
651
229
48
56
645
228
-do
do
do
-do
-do
do _
Department stores:
Accounts receivable, end of month :cT
Charge accounts
1947-49 = 100- _
Installment accounts
-do
Ratio of collections to accounts receivable:
Charge accounts
percent-Installment accounts
_ _ _ _do
Sales by type of payment:
Cash sales.
percent of total sales
Charge account sales
- _
do _
Installment sales
- - do__ _
_
1,579
-do
General-merchandise group 9
Department stores, excl. mail-order©
Variety stores
Grocery stores
Lumber, building-materials dealers.. __ _ _
Tire, battery, accessory stores
-
Atlanta
Boston
Chicago
Cleveland
Dallas . -.
Kansas City
1,478
729
238
58
67
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores _
Drug and proprietary stores
Eating and drinking places . Furniture, homefurnishings stores
679
215
70
68
Estimated sales (seas adj ) , total 9 §
.. _
1
23,470 !
10, 260
3,650 1
1,980
2, 230
do
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
_
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
' 23, 680 24, 160
r
10, 120
10, 110
14, 040
* 13, 570
57
67
64
72
681
227
1 551
64
72
73
81
705
238
1 564
64
73
729
242
673
236
1 557
1 555
78
76
664
240
1 570
66
75
64
73
138
336
142
333
156
337
162
340
47
15
48
14
47
15
48
16
44
43
13
44
42
14
44
42
14
44
42
14
42
44
14
50
15
42
44
14
123
130
126
112
129
r
153
109
112
113
143
131
158
117
12?
120
159
145
153
115
117
115
147
136
144
93
103
107
144
130
165
107
121
124
160
152
r 160
109
113
118
126
117
115
117
114
125
136
123
130
121
120
128
144
137
135
119
120
121
135
124
135
103
97
103
123
114
124
130
105
115
139
136
144
135
129
135
151
143
140
124
131
130
134
133
140
147
r 135
147
111
115
117
143
135
158
114
124
119
153
144
155
114
118
121
151
136
164
117
124
124
161
148
176
115
119
122
162
141
174
129
131
132
162
147
183
137
136
140
172
158
167
119
124
129
162
147
137
127
1?9
129
156
149
67
74
P 166
P 141
i> 1 7*?
r> 197
i
p 129
1 /in
•p -J^l
p 1 4^1
p -I no
v 144
p 142
V 1 Ifi
P 165
p 199
r, 1 C Q
p 14*}
119
125
132
126
121
Minneapolis
do ...
132
120
126
123
129
T> 199
137
126
124
119
New York
.do
128
125
115
127
121
124
124
133
137
125
129
128
133
126
114
Philadelphia
do. .
126
135
129
129
141
P 1 40
143
129
142
141
Richmond
_
_
do
148
134
146
138
147
146
146
153
163
145
141
r 144
135
132
126
St. Louis
do__125
134
130
136
133
139
151
'135
139
139
132
135
San Francisco
_do._137
142
142
143
140
148
140
P 141
r
Revised.
p Preliminary.
9Includes data not shown separately.
§ Revised beginning January 1956 to include minor data not covered in earlier figures. Revisions for January
1956-January 1957 appear in corresponding note in the April 1958 SURVEY. r ©Revised beginning January 1956 to reflect change in previous classification of certain stores to department
stores in accordance with 1954 Census of Business; unpublished revisions (January-May 1956) are available upon request.
cf Revisions for 1956 appear in corresponding note in the
March 1958 SURVEY.
fRevised series. Indexes have been revised beginning January 1949 to reflect adjustment to Census of Business benchmarks for 1954 and the up-dating of the seasonal and Easter corrections
Revisions for both unadjusted and seasonally adjusted sales indexes for January 1949-December 1956 (and scattered revisions beginning 1919) appear on pp. 19 and 20 of ths July 1958 SURVEY.'
p I 01
SURVEY OF CURRENT BUSINESS
December 19-58
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- DecemBUSINESS STATISTICS
October
ber
ber
S-ll
1958
January
February
March
April
May
July
June
August Septem- October November
ber
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores — Continued
Stocks, total U. S., end of montrr.t
Unadjusted
Seasonally adjusted
__ _
1947-49 = 100
do
Mail-order and store sales:
Montgomery Ward & Co
Sears, Roebuck & Co
thous of dol
do
r
173
155
135
150
132
147
139
146
106 799 r\ 108 857 i 149 473
329, 811 344 687 441 531
i GO 329
236 560
i 55 098
208 771
i 71 468
264 740
149
143
146
144
140
147
1
92 615
303 708
* 89 194
339 121
i 83 199
322 188
* 81 387
315, 358
144
148
139
148
147
142
174
154
1
1
92, 465
343, 279
r
rl70
157
150
P152
1
93, 210 '110,006
337, 148 363, 667
1 108, 401
367, 657
WHOLESALE TRADE*
Sales, estimated (unadj.), total
Durable-goods establishments _ _
Nondurable-goods establishments
. bil. of dol
. .do --..
do
Inventories, estimated (unadj.), total
Durable-goods establishments.Nondurable-goods establishments
.. _
_
do
_-do
do
12.3
4.5
7 8
11 1
3.9
7 1
10 7
3.7
7 0
10 4
3.5
6 9
9 5
3.2
6 3
10 2
3.5
6 8
10 7
3.7
7 0
10 9
3.9
7 0
10 9
4.0
6 9
11.1
4.0
7.2
11.3
4.1
7.2
11.9
4.4
7.5
12.8
4.7
871
12.9
6.6
6.3
13.0
6.6
6.4
12 5
6.4
6 1
12 5
6.4
6 1
12 4
6.4
6 0
12 2
6.4
5 9
12 0
6.3
5 7
11.8
6.2
5 5
11.8
6.2
5.6
11.7
6.1
5.5
11.7
6.1
5.6
11.7
6.1
5.6
11.9
6.1
5.8
174, 064
174, 326
174, 595
174. 871
175, 136
121, 993
122, 092
122, 219
122, 361
122, 486
73, 104
72, 703
71, 375
71, 743
71,112
70, 473
65, 179
6,718
58, 461
70, 067
65, 367
6,621
58, 746
4,699
68, 740
64, 629
6,191
58, 438
4,111
69, 111
65, 306
68, 485
64, 653
5, 695
58, 958
7 5
7.3
6 7
7 6
60
7.2
55
71
5 6
59
50, 844
50,618
51, 374
EMPLOYMENT AND POPULATION
POPULATION
Population, United States:
Total, incl. Armed Forces overseas§ -. thousands- - 172, 020
172, 281
172, 505
172 738
172, 956
173, 153
173, 374
173, 588
173, 822
121 221
121 325
121 432
121 555
121 656
121 776
121 900
69, 379
69, 804
66, 732
62 238
4,998
57, 240
4 494
67, 160
61 988
4,830
57, 158
5,173
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, total
thousands
120, 983
121 109
Total labor force, including Armed Forces©_-_do
71,299
70, 790
Civilian labor force, total
Employed©
__
Agricultural employment
Nonagricultural employment
Unemployed© _
Percent of civilian labor force:
Unadjusted*
Seasonally adjusted*
_ do--do
do. ._
do
do
70, 458
Not in labor force©
thousands. _
Employees in nonagricultural establishments :c?
Total, unadjusted (U. S. Dept. of Labor)
-do
Manufacturing _ _ _ _ _ _ _
do
Durable-goods industries
do _
Nondurable-goods industries
do. Mining, total
-_ _
do
Metal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands. _
Nonmetallic mining and quarrying
.do
Contract construction
do
68, 513
66, 005
6,837
59, 168
2,508
68, 061
64 873
5,817
59,057
3,188
67, 770
64 396
5,385
59, 012
3 374
37
47
._ _
4 7
49
50
50
58
67
49, 684
50, 318
50, 763
51,947
52, 570
16, 783
9,718
7,065
52, 316
16, 561
9 608
6,953
52 610
16, 302
9 429
6,873
802
108
27
228
793
106
24
226
324
116
323
114
70, 158
67, 510
62 311
5 072
57, 239
5 198
70, 418
64 981
57, 349
5 120
57, 789
4 904
58, 081
70
7 5
71
7 2
51, 627
51, 397
50, 975
50, 173
48, 851
48, 889
49, 389
50 477
15, 865
9 138
6,727
49, 777
15, 593
8 906
6,687
49 690
15, 355
8 742
6,613
49 726
15, 104
8 564
49
15
8
6
949
023
480
543
50, 413
15, 206
8 564
50, 178
15, 161
8 496
6,665
50. 576
15, 462
8,571
6,891
788
105
26
224
766
101
23
220
747
98
24
212
733
96
23
206
716
91
20
199
711
92
20
192
717
93
19
190
705
90
19
180
708
89
18
185
••711
'91
19
187
••89
321
111
316
106
310
103
303
105
299
108
2 493
298
110
2 685
303
112
2 806
303
112
2 882
305
112
'302
113
2, 927
3 883
952
97
770
744
39
574
3 874
946
97
774
738
39
575
3,904
957
96
790
733
39
582
3 907
958
95
791
730
38
589
940
982
958
352
592
757
10 961
2 960
8 001
1 358
1 594
757
11 035
2 980
8 055
1 361
1 594
756
10 984
2 989
7 995
1 337
1 591
755
2,356
2,370
2,391
6 488
538
318
173
7 866
2,410
6 465
607
318
167
7 664
2 612
2 387
2 173
2 316
do
do
do
do
do__
do
do__
4,152
1 112
4 114
1 077
4 094
1 063
3 985
1 014
3 944
3 910
Wholesale and retail trade
_
do__
Wholesale trade
do
Retail trade 9
_. -do__
General-merchandise stores
do
Food and liquor stores
__
___do
Automotive and accessories dealers
_do _
11, 387
3,097
8,290
1,471
1,585
11, 557
3 103
8 454
1 582
1,612
803
811
824
793
2,361
6,406
2,360
6,367
2, 353
6,318
2,344
6 241
496
321
171
487
319
168
Finance, insurance, and real estate
Service and miscellaneous 9
Hotels and lodging places
Laundries
Cleaning and dyeing plants
Government
_ _ _ _
Total seasonally adjusted
Manufacturing
_
Durable-goods industries
Nondurable-goods industries
.
do
do
do
do
__do
-do
_
do
do_ __
do
do__.
505
324
173
101
832
767
40
577
73, 049
68, 965
64 061
2 805
103
832
767
41
577
71, 603
68, 027
62 907
2,956
Transportation and public utilities 9 Interstate railroads
Local railways and bus lines
_
Trucking and warehousing
Telephone
__ ._
Telegraph
Gas and electric utilities
70, 681
r
101
825
765
40
577
101
790
760
40
575
990
102
783
756
39
575
12 076
3 104
8 972
1 939
1, 626
11 140
3 051
8 089
1 386
1,599
10 948
3 023
7 925
1 316
1,602
7,723
7,759
8,067
52, 015
16,604
9,681
6,923
51 758
16, 455
9 562
6,893
51 516
16, 252
9 393
6,859
473
316
166
7 749
51
15
9
6
223
965
155
810
778
2,343
6,240
477
311
163
7 789
50 575
15 648
8 895
6 753
966
97
780
749
39
574
10 939
3 010
7 929
1 332
1 598
5,558
6,540
10
2
7
1
1
768
2,348
6 267
476
311
165
7 822
50
15
8
6
219
389
717
672
6 384
500
311
169
7 850
50
15
8
6
054
243
566
677
6,272
6 455
510
314
172
7 870
50
15
8
6
147
202
498
704
6,900
5,537
2
77
68
6,642
50
15
8
6
315
275
556
719
5,294
2
50
15
8
6
411
312
596
716
r
r
51, 237
15, 755
r
8, 814
r 6, 941
2,955
r
3,897
r
6,404
58,902
3,805
r
51, 135 p 51, 325
p 15, 697
«• 15, 542
' 8, 673 p 8,911
' 6, 869 P 6, 786
707
P 191
297
112
2 889
p 112
p 2, 774
' 3. 892
962
94
' 781
809
719
714
38
38
583
576
P 3, 882
r
p l l 397
p 3, 044
p S 353
p 1 583
p 1,615
P 758
11 Oil r r11 151
2 994 r3,016
8 017 r 8, 135
1 421
1 351
1,582
r 1, 596
755
757
2,413
6 452
608
314
163
7 678
50
15
8
6
r
p 708
P89
19
189
•• 3, 886
960
95
958
95
787
726
38
589
3,833
r 2, 392
r
6 472
r
527
r
r 312
r 167
7 943
11 231
3 035
8 196
r 1 474
r
1, 597
r
753
r
T
r 2, 377
p 2, 371
' 6 467 p 6 424
478
311
170
r 8 030
p 8 072
570 r 50 780 r 50 586
330 ' 15 529r 15 369
r 8 637
605 r 8 801
725 r 6 728 ' 6 732
P 50
P 15
P8
P6
773
599
869
730
r
Mining
do
784
802
789
766
747
733
723
707
713
707
718
709
P 704
701
Contract construction
do
2,710
2,679
2,763
2,652
2,455
2,624
2,573
r 2, 700
2,698
p 2, 680
2,698
2,693
2,711 r 2, 698
r 3 882
Transportation and public utilities .
do
4,141
4,104
4 070
3 990
4 045
3 930
3 890
p 3 872
3 877
3 888
3 877
3 867 r 3 858
Wholesale and retail trade
do
11,315
11 290
11 237
11 305
11 235
11 116
11 050
11 105
11 175 r U 151 r 11 160 p l l 133
11 087
11 121
Finance, insurance, and real estate
do
2,373
j> 2 383
2,372
r 2 389
2 365
2 367
2 356
2 368
2 360
2 377 r 2 392
2 370
2 367
2 363
Service and miscellaneous
do
6,343
r 6 403
6 382
6 367
6 367
6 368
6 330
6 352
6 360
6 392
6 433
P 6 424
6 420 r 6 440
r « 005
r 7 Q76
P 7 Q78
7.766
7.788
7.816
7. 835
7 877
7 Q03
7 Q8Q
7.747
7. 754
Government
do
7.674
7.671
r
2
Revised.
p Preliminary.
i Net sales.
The exaggerated June-to-July increase results from technical difficulties in achieving precise seasonal adjustment factors for June; a more
valid comparison may be made between July and May.
t Revised series. See corresponding note on p. S-10.
t See corresponding note on p. S-3.
9 Includes data for industries not shown separately.
§ Revisions back to January 1955 are shown in the September 1958 issue of the SURVEY.
© Estimates beginning January 1957 reflect certain changes in definitions for employment and unemployment. For 1957 estimates based on the old definitions and comparable with figures
prior to 1957, see note in the December 1957 SURVEY and earlier issues.
* New series. Monthly rates, back to January 1947, are available upon request.
cf Data for employment, hours, and earnings have been adjusted to the 1st quarter 1957 benchmark. The revision affects all series back to April 1956, except as follows: Back to January
1956 for total nonagricultural, service and miscellaneous, and government employment; back to January 1953 for anthracite mining hours and earnings. Unpublished revisions (prior to June
1957) are available from the U. S. Department of Labor, Bureau of Labor Statistics, Washington 25, D. C.
SURVEY OF CURRENT BUSINESS
S-12
December 1958
1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
October Novem- December
ber
January
February
March
April
May
June
July
August Septem- October November
ber
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in manufacturing industries:!
Total (U. S. Dept. of Labor)
thousands
Durable-goods industries
_ _do-_Ordnancc and accessories
do
Lumber and wood products (except furniture)
thousands -_
Sawmills and planing mills
do
Furniture and fixtures
do
Stone, clav, and glass products . _ _
do
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
thousands. _
Primary smelting and refining of nonferrous
metals
thousands
Fabricated metal prod, (except ordnance, machinery, transportation equip.)
thousands ..
Machinery (except electrical)
do
Electrical machinery
- - - do._
Transportation equipment 9
do
Motor vehicles and equipment d71
do
Aircraft and parts
do
' 11, 728 » 11, 887
' 6, 579 ' 6, 431 p 6, 671
P72
68
'67
12, 896
7,413
72
12, 694
7,322
70
12, 449
7,153
69
12, 024
6,869
68
11, 767
6,653
67
11, 542
6, 502
68
11,310
6, 337
69
11,245
6,269
68
11,415
6,350
68
11, 353
6,270
67
11,645
6,339
67
590
302
319
460
1,051
570
294
314
453
1,030
549
284
309
440
1, 006
526
272
299
419
958
517
268
295
408
913
515
208
290
403
885
520
269
283
402
849
542
280
284
405
840
578
291
287
417
859
572
293
286
422
852
581
297
301
430
864
' 590
'297
310
'438
'897
593
297
'313
'421
'900
522
508
492
462
440
427
407
408
425
419
428
'445
458
51
51
51
50
47
45
44
42
41
41
41
41
41
897
1,204
868
1,316
586
539
895
1,179
851
1,337
637
511
875
1.159
825
1, 330
649
498
840
1,134
793
1, 267
599
490
806
1,109
767
1,207
546
484
787
1,090
749
1,153
496
483
766
1,061
729
1, 103
454
479
756
1,029
715
1,081
446
468
773
1,014
716
1,084
444
476
765
990
712
1,063
433
471
788
977
734
1,034
402
474
127
55
224
412
128
53
223
400
127
49
220
372
124
48
215
351
125
46
211
355
123
45
208
354
122
42
204
351
124
37
200
348
124
33
199
355
119
33
196
346
118
31
199
366
5,483
1,140
263
67
236
172
118
5, 372
1,068
265
65
167
170
116
5, 296
1,027
259
64
149
168
113
5,155
969
248
63
130
165
106
5,114
951
239
63
128
165
105
5,040
942
233
64
124
163
108
4, 973
949
231
66
137
163
106
4,976
978
239
70
141
164
112
5,065
1,039
243
73
177
168
120
5,083
1,081
244
73
220
167
121
5,306
1,172
246
72
307
166
118
97
907
396
198
88
895
391
194
89
885
391
186
84
861
384
177
79
855
381
178
74
844
377
177
70
837
372
180
70
831
366
183
70
840
367
189
70
830
365
184
86
855
370
195
'96
860
'371
196
'93
'864
371
197
p82
P865
1,071
461
227
1,066
458
227
1, 055
455
227
1,037
445
224
1,051
438
221
1,018
436
220
987
434
220
985
432
219
994
433
219
992
429
215
1,044
442
223
' 1, 055
'447
'223
' 1, 054
'446
222
* 1,050
p447
561
542
204
167
127
210
84
327
216
559
537
204
166
126
209
84
327
215
557
533
203
163
125
208
84
326
219
549
525
200
161
125
201
82
323
221
546
519
196
159
123
191
79
326
221
547
519
192
156
123
184
76
320
217
545
519
190
157
122
170
72
300
202
540
510
188
158
122
172
70
302
205
541
500
187
158
122
176
71
314
213
537
496
186
157
122
175
71
317
215
542
504
190
157
121
181
73
323
217
548
'511
'191
158
'120
188
'74
'321
213
'551
518
194
154
117
'193
75
'315
206
P547
P518
Production workers in manufacturing industries,
seasonally ad justed :J
Total
thousands
Durable-goods industries
_
do __
Nondurable-goods industries
do
12, 721
7,376
5,345
12, 590
7,276
5, 314
12, 400
7,117
5,283
12, 118
6,884
5,234
11,818
6,642
5,176
11, 571
6,478
5,093
11, 438
6,338
5,100
11,415
6,285
5,130
11,484
6,344
5,140
11, 512
6,372
5,140
11, 530
6,377
5,153
Production workers in manufacturing industries:
Indexes of employment:!
Unadjusted
1947-49=100
Seasonally adjusted
do
104.3
102.8
102.6
101.8
100.6
100.3
97.2
98.0
95.1
95.5
93.3
93.5
91.4
92.5
90.9
92.3
92.3
92.8
91.8
93.1
94.1
93.2
'96.5
94.8
'94.8
'93.4
2,121.0 12,443.4
209.4
1211.7
2, 110. 5
203.9
2, 113. 4
203.6
2, 114. 6
204.5
2, 123. 6
204.7
2, 123. 8
204.8
2, 156. 7
209.2
2, 164. 7
209.8
2, 164. 6
208.9
2, 146. 7
206.5
2, 145. 7
206.9
Ship and boat building and repairs
Railroad equipment
_ Instruments and related products
Miscellaneous mfg. industries .
Nondurable-goods industries
Food and kindred products 9
Meat products
Dairv products Canning and preserving
Bakery products
Beverages
._ _ _
_
do
-do do
_ _ do
._
do
do _
do
do _.
do
- _do_.
do
Tobacco manufactures
do
Textile-mill products 9
_
_
do ._
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
thousands. .
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
thousands. Chemicals and allied products ,.
- do _ _ _
Industrial organic chemicals
do
Products of petroleum and coal .
._ do . _ _
Petroleum refining
do
Rubber products
. do . Tires and inner tubes
do
Leather and leather products
do
Footwear (except rubber)
do
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States, continental
thousands-- 2, 128. 9
Washington, D. C., metropolitan area
do
210.2
Railway employees (class I railways) :
Total
thousands
1,007
Indexes:
75.5
Unadjusted
_ . 1947-49=100
Seasonally adjusted
do
77.1
' 11, 940
'794
'822
' 1, 007 ' 1, 007
'762
'746
'997
' 1, 100
'463
'365
481
'480
116
26
'207
'386
'118
'31
'205
'380
' 5, 361 ' 5, 297
'1,178 ' 1, 109
250
'249
65
68
232
'312
166
'166
116
115
P574
P313
P42&
P922
P820
P 1,015
P774
v 1, 166
P210
P376
p 5, 216
p 1, 037
P153
P194
P323
' 11, 725 ' 11, 557 p 11, 787
' 6. 568 ' 6, 394 p 6, 627
5,163
' 5, 157
P5, 160
p96. 1
P95.3
972
953
913
888
866
853
850
861
864
P870
'864
p867
857
72.8
74.5
71.2
72.8
68.5
67.9
66.7
66.8
65.1
65.6
64.2
65.0
64.0
63.1
64.8
63.4
65.0
63.6
65.4
64.3
'65.0
64.9
P65.2
P66.6
64.4
65.9
160.7
157.3
149.9
144.9
143.6
139.6
140.9
144.9
144.8
150.0
' 155. 7
' 152. 2
P 157. 2
'39.7
'2.4
'40.0
'2.3
'41.1
P39.9
P2.5
P40.4
P2. 5
P40.3
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U S Dept of Labor) $
1947-49=100
162.6
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :J
All manufacturing industries
hours. _
39.5
39.3
39.4
38.4
38.7
38.6
39.2
38.3
38.7
39.2
39.6
39.9
Average overtime
do
2.3
2.3
2.0
1.7
1.9
1.5
1.7
1.6
1.6
1.9
2.3
2.4
Durable-goods industries
do
39.8
39.7
39.7
38.9
38.6
39.0
39.1
39.6
38.8
39.4
39.8
40.2
2.3
2.2
1.9
Average overtime
do
1.6
1.5
1.5
1.4
1.5
1.8
2.1
1.7
2.3
Ordnance and accessories
_ ._ __ __do
39.9
40.0
40.8
41.3
40.6
40.7
40.7
40.6
40.7
40.6
40.7
'41.2
Lumber and wood products (except furniture)
40.2
39.1
hours. .
39.0
38.7
38.9
38.5
38.8
39.6
40.5
39.3
40.7
'41.3
38.4
Sawmills and planing mills
do
39.8
38.8
37.9
38.1
38.6
38.5
39.7
40.5
39.6
40.8
'41.1
38.4
Furniture and
fixtures
_
do
40.7
39.9
39.7
38.5
38.6
38.0
38.8
37.8
38.9
40.5
'41.0
40.5
40.1
39.8
39.2
Stone, clay, and glass products
...do. __
38.6
39.1
39.0
39.7
40.3
40.0
40.8
'41.1
Primary metal industries 9
do
38.5
38.2
38.1
37.2
36.8
36.9
37.1
37.3
38.3
38.4
38.5
'39.1
Blast furnaces, steel works, and rolling mills
hours.38.0
37.2
36.4
37.7
36.4
35.7
36.3
36.7
37.8
38.0
37.9
38.7
Primary smelting and refining of nonferrous
metals
_
_
hours
40.1
40.1
40.3
40.1
40.2
40.2
40.1
39.9
39.9
39.9
39.5
'40.1
' Revised.
» Preliminary.
1 Includes Post Of) employees hirec1 for Chris tmas sea? on; there were aboiit 327,300 such emp loyees in continent al U. S. iri December
ice
c^Form erly "Aut omobiles. " Data ilot affecte d.
a
| See note marked cf for p. S-ll.
9 Includes dat for indL stries not shown.
'41.1
p40. 4
41.0
'41.1 "~V40.~9
'41.0
P41.0
'38.9
P39. 2
38.4
40.2
1957.
SURVEY OF CURRENT BUSINESS
December 1958
S-13
1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
Novem- DecemOctober
ber
ber
January
February
March
April
May
June
July
August Septem- October November
ber
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc. t— Continued
All manufacturing industries — Continued
Durable-goods industries — Continued
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
hours..
Machinery (except electrical)
do
Electrical machinery
.
do
Nondurable-goods industries
Average overtime
_
Food and kindred products 9
Meat products
Dairy products _
Canning and preserving
Bakery products
Beverages..
Tobacco manufactures
Textile-mill products 9 _
Broadwoven fabric mills
Knitting mills
.-.
40.2
40.3
39.6
39.3
39.7
39.1
38.9
39.2
39.0
39.2
39.5
39.1
38.9
39.3
39.0
39.4
39.4
39.1
40.0
39.6
39.6
40.0
39.4
39.3
40.4
39.4
39.7
41.0
MO.O
'40.4
MO. 8
' 39. 7
'39.9
P40.7
P40.0
p 40. 3
do
do
. do
do
_ do
39.5
39.2
40.1
38.9
38.8
40.6
41.9
39.9
37.1
39.6
40.2
40.1
40.6
39.0
39.8
38.8
37.3
40.6
38.9
39.2
38.6
37.3
40.4
37.8
38.5
39.4
38.3
40.6
39.5
39.0
39.3
38.4
40.3
39.1
37.9
39.7
38.9
40.5
39.8
37.6
39.8
39.1
40.7
39.5
37.2
39.6
38.8
40.4
39.7
37.0
40.0
39.3
40.8
39.6
37.1
' 39. 6
'38.6
MO. 8
'39.2
36.7
'39.4
38.4
40.3
39.9
35.5
p41. 1
39.9
39.9
40.0
39.7
39.8
39.6
39.6
39.2
39.3
39.0
39.4
39.2
39.5
39.0
39.2
39.1
39.8
39.5
39.7
39.2
39.8
39.5
MO. 3
MO.I
MO. 4
MO. 2
P40.4
p40. 2
do
do
do
do
do
do_ . .
do
__do
Instruments and related products
Miscellaneous mfg. industries
40.5
39.7
39.5
__do_
do
Transportation equipment 9
Motor vehicles and equipment cf
Aircraft and parts
._
Ship and boat building and repairs
Railroad equipment
40.7
40 2
39.4
39.0
2.4
40.2
40.7
41.6
38.2
40.0
39.3
38.8
2.4
40.4
41.1
41.4
37.2
39.9
39.1
39.0
2.2
40.7
40.6
42.0
38.0
40.1
39.6
38.3
1.9
40.1
39.8
42.1
38.0
39.8
39.2
38.1
1.9
39.7
38.7
41.8
37.3
39.7
39.0
38.1 i
1.9
39.6
38.9
41.3
37.2
39.8
39.3
37.7
1.7
39.7
39.3
41.7
37.4
39.8
39.3
38.1
1.9
40.2
39.8
42.0
38.6
40.3
40.3
38.7
2.1
40.7
40.6
42.8
38.3
40.6
41.1
39.0
2.2
41.2
40.7
43.0
40.7
40.8
41.2
39.4
2.4
41.4
40.3
42.5
42.1
40.3
40.9
'39.5
2.6
Ml. 6
41.2
42.3
'42. 3
MO.I
MO.I
'39.3
2.5
'40.7
40.7
41.8
39.5
40.2
40.0
P39.3
p2. 5
P40.8
do
do
do ..
do
38.3
39.1
39.5
37.8
37.4
38.6
39.0
37.2
39.1
38.9
39.5
37.1
39.0
37.6
37.9
35.6
37.9
37.8
38.0
36.2
37.1
37.6
37.8
36.4
38.0
36.6
36.7
35.2
38.7
37.3
37.4
36.5
39.7
38.4
38.4
37.5
39.6
38.6
38.9
37.7
39.6
39.2
39.3
38.7
MO.I
39.7
39.7
38.9
'39.1
MO.O
40.4
39.0
P37.9
p40. 2
35.9
42.4
43.4
35.4
41.9
42.9
35.2
41.9
43.2
35.1
41.4
42.7
35.1
41.1
42.2
34.7
41.4
42.3
34.5
41.0
42.1
34.8
41.0
42.0
35.0
41.8
42.8
35.6
41.9
42.8
36.4
42.5
43.5
'36.1
M2. 7
'43. 7
'36.0
' 42. 6
43.3
P35.7
p42. 5
38.4
41.0
40.8
40.6
40.2
40.1
39.1
36.8
36.1
38.0
41.0
40.8
40.7
40.8
40.0
39.2
36.5
35.7
38.6
41.3
40.9
40.8
41.1
40.0
39.2
37.4
36.9
37.7
40.8
40.4
40.4
40.8
38.2
36.9
37.3
37.2
37.7
40.6
40.1
39.9
40.3
37.3
35.1
36.8
36.4
37.9 i
40.7
40.1
40.1
40.6
38.0
37.0
36.2
35.5
37.7
40.7
40.0
40.5
40.7
37.5
36.1
34.1
32.9
37.6
40.8
40.4
40.5
40.3
38.2
37.4
35.3
34.4
37.6
41.1
40.7
41.0
40.9
39.1
38.1
36.6
36.0
37.6
40.8
40.6
41.0
41.0
39.1
38.9
37.4
37.2
37.9
40.7
40.5
40.4
40.1
40.5
40.7
37.3
36.8
38.0
41.0
MO. 9
40.7
40.7
MO. 8
MO. 5
'36.7
••35.9
37.8
Ml.O
40.7
MO.I
39.9
MO. 8
40.7
' 37. 0
36.0
p 37. 8
P 41.1
40.2
39.8
30.9
36.4
39.0
39.4
29.0
33.5
39.7
39.7
26.6
35.5
38.8
39.7
30.5
34.0
38.3
39.5
27.5
33.1
37.9
39.1
25.0 !
31.7 i
37.4
38.4
22.3
30.0
38.1
37.8
25.8
31.1
39.8
38.0
30.9
35.2
39.2
38.3
30.8
32.4
39.7
37.8
28.8
35.3
'39.9
'38.6
'30.8
'35.4
40.1
38.9
30.5
35.8
40.5
44.7
37.4
•10.6
36.5
40.8
42.6
34.8
36.6
34.4
41.5
42.1
35. 5
38.0
34.9
41.1
41.5
35.7
38.3
35.2
41.2
39.9
33.4
35.5
33.0
41.1
41.2 !
35.6 i
37.6 i
35.2
40.6
42.3
36.2
38.6
35.5
40.4
43.7
37.4
41.1
36.3
40.8
44.2
37.2
40.7
36.2
41.2
44.2
37.3
40.8
36.3
40.1
44.9
37.9
42.0
36.7
MO. 9
M5.4
37.8
M2.2
36.5
40.3
45.3
38.1
42.7
36.7
43.0
39.2
41.5
41.0
42.9
40.0
41.0
41.0
43.1
38.6
40.9
41.2
42.6
38.0
41.1
40.8
42.5
38.2
41.0
41.0
42.6
37.8 |
41.2
40.4
42.7
37.7
41.4
40.8
43.0
37.8
42.0
40.5
43.0
38.2
41.9
40.7
42.9
38.5
41.9
40.7
42.9
38.6
42.1
40.9
M2.4
39.0
41.8
MO. 9
42.7
39.0
41.7
40 9
40.2
40.0
40.4
40.1
39.8
39.9
39.6
40.0
40.1
40.3
40.2
40.3
40.3
37.6
33.7
36.1
43.6
37.5
33.7
36.0
43.5
38.3
36.0
36.2
43.7
37.8
33.9 !
35.9 !
43.8 ;
37.8
34.1
35.8
43.3
37.8
34.4 :
35.8 I
43.7
37.8
34.2
35.8
43.7
37.8
34.3
35.9
43.8
38.2
34.8
36.6
43.8
38.7
35.2
37.4
43.8
38.7
35.2
37.3
43.9
'38.0
'34.5
36.6
43.7
37.8
34.3
36.0
43.7
40.0
39.4
38.9
40.0
39.0
38.0
39.9
39.5
38.4
40.0
39.0
37.9 :
39.8
38.6
36.5
39.9
39.0 !
38.1
39.9
39.2
38.7
40.0
39.6
39.7
40.1
39.8
39.9
40.0
39.7
38.4
40.1
39.3
37.2
39.9
'39.3
'38.6
39.8
39.4
39.5
293
95
184
63
108
31
200 !
90
150
45
200 '
165 :
275
110
350
150
350
160
350
160
300
140
400
400
300
450
471
159
1, 410
340
109
765
220
54
404
300
110
750
275
70
500
300 ,
200
1,200
375
160
1,250
475
200
2,000
500
250
1,650
525
240
1,700
475
250
2,000
575
500
2,500
525
525
5,250
540
406
360
355 ;
312
332 :
404
439
456
459
489
545
1,193
1,237
3.0
1,346
1,513
3.6
2,024
2, 112
5.1
1,983
3,302
7.9
1,538
2,984
7.1
1,513
2,667
6.3
1,659
2,511
6.0
1,251
2,203
5.2
1,186
1,906
4.5
Apparel and other finished textile prod _ do ...
Paper and allied products
do
Pulp, paper, and paperboard mills..
do
Printing, publishing, and allied industries
hours.Chemicals and allied products ._
do
Industrial organic chemicals. _ _
.do
Products of petroleum and coal _
do
Petroleum refining
do
Rubber products.-.
do
Tires and inner tubes
do ___
Leather and leather products
do._
Footwear (except rubber)
_
do
Nonmanufacturing industries:
Mining*
do
MetaL
do
Anthracite
do
Bituminous coal_-_
_
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production-, hours. _
Nonmetallic mining and quarrying
do .
Contract construction. .
do
Nonbuilcling construction
do .
Building construction
do ...
Transportation and public utilities:
Local railways and bus lines
do
Telephone...
..do
Telegraph
do
Gas and electric utilities
-----do
Wholesale and retail trade:
Wholesale trade
. __ ..do.
Retail trade (except eating and drinking places) 9
hours. _
General-merchandise stores
do
Food and liquor stores. .. _ __ __
_ d o _ __
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
do
Laundries _
_ do ...
Cleaning and dyeing plants
do. .
Industrial disputes (strikes and lock-outs):
Beginning in month:
Work stoppages
... number
Workers involved
thousands. .
In effect during month:
Work stoppages
number..
Workers involved
thousands
Man-days idle during month
__ _
do . _ _
U. S. Employment Service placement activities:
Nonaericultural placements
thousands. _
Unemployment compensation, State and UCFE programs (Bureau of Employment Security):!
Initial claims
thousands. .
Insured unemployment, weekly average§
do
Percent of covered employment*..
2,285
2,877
6.9 ;
1, 815
3,163
7.6
1,795
3,276
7.9
p 40.4
P40.8
*37.1
514 _ _ _ _
..
1, 259 - _
1,722
1,781
4.1
4.3
Benefit payments:
Beneficiaries, weekly average .
thousands
1,020
1,146
1,639
2,344
2,698
2,966
2,967
2,732
2,590
2,234
2,044
1,767
1, 556
Amount of payments
thous. of dol__ 131, 832 136, 627 207, 110 313,012 ; 320, 181 370,248 403, 845 363, 550 325, 039 305, 638 255, 432 ' 231, 141 210, 300
Veterans' unemployment program: ©
Initial claims
thousands-18
21
28
37
31
30
27
24
38
30
19
14
13
Insured unemployment, weekly average© _ _ d o
24
30
41
58
72
81
80
74
78
78
53
39
27
26
Beneficiaries, weekly average
do
32
28
46
66
82
96
96
87
89
92
65
48
30
Amount of payments
thous. of dol._
3,104
3,013
4,574
6,924
7,546
9,285
9,833
8,922
8,853
10, 151
6,553
5,047
3,391
r
Revised.
p Preliminary.
J See note marked "cf" for p. S-ll.
9 Includes (lata for in dustries ilot shown
cfFo rmerly "^lutomobi] es." Dat a not affected.
*New series. Monthly data for average weekly hotirs in the mining in dustry fo <" January 1947-Feb ruary 1957 are avail ible upon request. Rate of covered eniploymen t expresse 3 average
nsured unemployment in each month as a percentage ()f average covered f mployme nt for the most rec 3nt 12-moiith perioc for whic b data are available (the lag i or coverec I employn[lent data
may range from 6 to 8 months); monthly data for Jantip ry 1953-September 1956 are a vailable Lipon requ est.
§ Excludes data for persons eligible for compensation under teiuporary j>rograms; in Noverriber 1958, 409,000 ins ured unernnloyed ^rere reporl ed by 36 £States par ticipating in such p rograms .
©Excludes data for persons eligible for compensatio n under tlle Ex-Ser vicemen's Unemplo yment C(>mpensation Act of 1958 (effec tive Oct. 27, 1958); Lmder this Act, insuired unemjiloyment
in November 1958 averaged 29,000 persons.
SUEVEY OF CUERENT BUSINESS
S-14
December 1958
1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTCS
DecemOctober November
ber
January
February
March
April
May
June
July
August
Septem- October November
ber
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Labor turnover in manufacturing establishments:
Accession rate
monthly rate per 100 employees
Separation rate, total
do
Discharge
do
Lay-off- . __do
Quit
do
Military and miscellaneous
do
2.9
4.0
.2
2.3
1.3
.2
2.2
'.2
2.5
5.0
.2
3.8
.8
.3
2.2
3.9
.2
2.9
.7
.2
2.4
4.2
.2
3.2
.7
.2
2.5
4.1
.2
3.0
.7
.2
3.0
3.6
.1
2.4
.8
.2
3.8
2.9
.2
1.8
.8
.2
3.3
3.2
.1
2.0
.9
.2
3.9
3.5
.2
1.9
1.2
.2
82.92
88.93
96.00
82.74
88.93
98.74
81.66
87.14
100.77
80.64
86.46
99.06
81.45
87.75
99.72
80.81
87.30
100.12
82.04
88.37
99.88
83.10
89.89
100. 94
83.50
89.83
100. 94
84.35
91.14
100. 69
71.94
71.00
69.87
84.61
71.37
69.50
70.62
83.58
69.69
67.08
67.76
82.32
70.43
67.82
67.97
80.67
70.80
69.09
68.32
81.72 |
71.39
68.92
67.26
81.51
74. 45
73. 05
66.91
82.97
76.14
74.52
69.06
84.63
74.28
73.66
68.85
84.40
77.74
76.70
72.09
86.90
4.0
.2
2. 7
1.7
3.8
.2
2.7
'.2
82.56
88.75
94.96
73.97
72.44
72.04
84.65
'4.0
'3.5
.2
'1.6
1.5
.2
"3.3
PL 6
P 1.1
P. 2
WAGES
Average weekly gross earnings (U. S. Department of
Labor) :J
All manufacturing industries
dollars.Durable-goods industries
do
Ordnance and accessories .
do
Lumber and wood products (except furniture)
dollars ..
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
P 86. 58.
85.39
'84.96
p 94. 13
92.46
'91.60
' 103. 00 ' 102. 75 p 100. 35
' 80. 12 ' 79. 32
'77.68
77.08
' 73. 80 ' 73. 57
'88.78
'86.51
p 76. 76
p 73. 62
P 87. 74
98.18
97.03
97.16
95.23
94.21
95.35
95.20
96.23
99.96
102. 91
103. 95
106. 74
103. 74
102. 54
101. 18
100.46
98.18
100.46
101.91
101. 66
106. 60
111.72
112. 18
' 115. 71
114. 82
97.44
96.64
97.53
97.04
98.09
97.69
97.04
96.96
96.96
98.55
99.54
' 101. 05
101. 71
90.35
93.67
81.95
90.32
92.50
82.95
89.24
94.30
83.56
87.25
92.90
82.89
86.36
92.12
83.07
87.42
93.22
83.67
87.14
92. 75
83.46
88.65
93.38
83.67
90.80
94.25
85.14
91.20
93.77
84.50
92.52
93.77
84.96
- do
do
97.57
99.18
101. 50
107. 68
99.70
100. 65
95. 45
92.50
94.96
92.50
97.32
95.75
97.07
96.00
98.85
97.64
99.50
98.14
100. 19
97.39
102. 00
99.82
' 100. 98
' 98. 43
100.47
96.38
do
do
do
96.24
95.31
99.72
96.16
90.15
102. 56
99.06
94.77
104. 67
98.66
94.14
101. 92
98.58
91.85
100.10
99.06
96.78
102. 96
98.33
95.80
100. 81
100.44
97.51
99.64
102. 16
96.78
98.21
102. 62
99.65
98.05
104. 04 ' 104. 04
100.98 ' 100. 35
97.94
'97.99
103. 17
103.34
96.56
do
do
84.99
72.22
85.20
72.25
85.17
72.47
85.14
72.52
84.50
71.76
85.50
72.13
85.72
72. 15
85. 46
71.94
87.16
73.08
87.34
72.13
87.96
72.68
' 89. 47 ' 89. 28
' 74. 19 ' 74. 37
P 89.28p 74. 77
do
do
do
do
do
do
do
74.10
77.99
89.13
77.38
62.65
76.40
87.64
74.11
79.18
90.83
77.42
60.64
77.01
87.58
74.88
80.18
89.32
78.96
63.84
77.39
89.50
73.54
80.60
89.15
80.41
64.98
76.81
88.59
73.15
79.80
86.30
79.42
63.41
77.42
88.14
73.53
79.60
86.75
78.47
62.87
77.21
88.82
73.14
79.80
87.25
80.06
64.70
77.61
88.43
73.91
80.80
88.36
80.64
65.62
78.99
92.69
75.08
81.81
90.54
83.03
63.58
79.98
95.35
75.66
81.99
91.58
84.71
64.31
80.78
96.00
76.04
81.56
89.87
83.73
69.47
79.79
94.07
' 77. 03 '76.64
' 82. 78 ' 81. 81
'93.94
92.80
84.18
83.18
' 71. 06 66.36
' 79. 80 80.00
' 93. 03
92.40
p 77. 03
P83.64
Tobacco manufactures
_
do
Textile-mill products 9
_
do
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars..
55.92
59.04
57.67
55.19
57.60
58.29
56.94
54.31
60.21
58.35
57.28
54.17
60.84
56.40
54. 96
51.98
59.12
56.70
55.10
52.85
58.99 i
56.40
54.81
53.14
62.70
54.90
52.85
51.74
64.24
55. 95
53.86
53.29
66.30
57. 98
55.68
54.75
65.74
57.90
56.41
54.67
62.96
59.19
57.38
56.12
'60.15
59.95
57.96
57.18
'59.82
'60.80
58.98
57.33
p 62. 16
p 61. 10'
53.49
53.10
52.80
53.00
52.65
51.70
;
51.75
52.20
52.50
53.40
55.33
' 55. 23 ' 55. 08
p 54. 26
Paper and allied products
do
Pulp paper and paperboard nplls
do
Printing, publishing, and allied industries
dollars. _
Chemicals and allied products
do
Industrial organic chemicals
do
88.19
96.35
87.15
95.24
87. 15
95.90
86.11
94.37
85.49
93.26
86.11 !
93.48
85.69
93.04
86.10
93.24
88.20
95. 87
88.83
96.73
90.53
98.31
' 91. 38 ' 91. 16
'99.20
98.29
p 91. 38
97.15
91.84
98.33
95.76
92.66
98.74
98.04
93.34
99.39
95.76
92. 62
98.17
96.14
92. 57
97.44
97.02
92.39
97.84
96.14
92.39
98.00
97.01
93.43
98.98
97.38
94.94
100. 12
97.38
95.06
100.69
98.54
95.24
100. 85
99.56
'99.04
95.94
' 95. 94
' 102. 25 102. 16
p 99. 04
p 96. 59
110. 03
113. 36
93.03
105. 18
57.04
54.15
111.11
115.87
93.20
106. 62
57.31
53.91
111.38
116.31
92.40
105.84
58.34
55.35
109. 89
115. 06
87.48
98.52
58.19
56.17
108. 53
113. 24
85. 04
93.02
57.41
54.96
109. 07
114.09
87.02
98.05
56.83
53.96 ;
110. 97
115. 59
85.88
95.67
53.54
49.68
110. 16
113. 65
87.86
99.48
55.42
51.94
111.93
115.75
91.10
103. 63
57.46
54.36
113. 16
117. 26
91.89
106. 59
57.97
55.80
110.29
113.08
96.80
113. 96
58.19
55.57
112. 33 ' 109. 87 pill. 91
116. 00
112.92
' 97. 51 ' 97. 51 p 97. 92
' 113. 40
113. 96
' 57. 99 '58.46
p 58. 99
' 54. 93 55.08
102. 91
98.70
81.27
110. 66
99.84
96.92
76.85
102. 18
102. 03
97.27
70.76
107. 92
99.72
97.27
81.74
103. 36
98.81
96.78
73.70 l
100.62 j
94.62
92.93 1
58.65 !
90.60 j
96.01
91.10
67.60
93.30
101. 89
92.34
80.96
106. 30
99.96
96.13
79.77
97.85
101. 24
95.63
74.59
105. 90
' 102. 14
102.26
' 98. 04 98.42
' 80. 08 79.30
' 106. 55 107. 76
106.92
91.19
109. 96
109. 21
110. 23
109.34
86.90
103. 01
98.82
104. 23
111.64
86.31
105. 44
102. 60
106. 45
110. 56
84.25
107. 10
103. 79
108. 06
110.83
81.00
100.53
96.21
101. 64
110.97
83.22
106.44
101. 90
107. 71
108. 81
85.45 !
107.88 1
103.45 i
108.63
107. 06
89.59
111.08
110. 56
111.08
110. 57
91.49
110. 11
108. 67
110. 77
110. 83
91.94
111.90
110. 57
112. 17
106. 67
93.39
113. 70
114. 66
113. 40
' 110. 02
' 95. 34
' 114. 91
' 117. 32
114. 25
89.01
77.22
87.15
97.58
88.80
79.20
85.69
97.58
89. 65
77. 59
85. 89
98.88
88.61
76.38
85.90
97.51
88.83
76. 78 !
86.10
98.81
89.03
76.36
86. 52
97.77
90. 10 i
76.53
87. 35
99.55
90.30
77.11
89.04
98.42
91.16
78.31
91.34
100. 12
91.38
79.31
91.76
100. 12
90.95
79.90
91.78
101. 02
' 90. 74 91.38
81.12
81.51
93.41
93.63
102.66
' 101. 84
85.63
85.60
86.46
85.41
85.57
85.79
85. 14
86.40
87.42
88.26
87.64
'88.66
87.85
63.50
45.69 ;
65.87
80.54
63.13
45.75
65.87
81.28
63.88
46.31
66.42
83.66
64.94
47.68
68.08
84.10
66.18
48.22
69.56
84.53
66.18
47.52
69.38
84.73
' 64. 98
' 46. 92
'68.44
' 83. 47
64.64
46.31
68.04
83.03
65.93
65.80
' 65. 98
66.56
45.60
45. 26
51.07
44.91
44.80
49.48
45.09
'44.80
' 51. 34
45.77
44.92
52.93
Primary metal industries 9 .
do
Blast furnaces, steel works, and rolling mills
dollars ..
Primary smelting and refining of nonferrous
metals
dollars.Fabricated metal prod, (except ordnance, machinery, transportation equip.)
dollars.Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment 9
Motor vehicles and equipmentcT
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries
Food and kindred products 9
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
Products of petroleum and coal
Petroleum refining
Rubber products
Tires and inner tubes
Leather and leather products
Footwear (except rubber)
_
.do
do
do
do
do
.do
Nonmanufacturing industries:
Mining*
do
M!etal
do
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production
dollars -.
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and buslines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking
places) 9
dollars
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
62.79
44.48
65.34
82.84 ;
62.25
44.15
65.52
82.65
62.43
46.08
65.52
82.16
63. 50
45.77
65.70
82.34
97.02
95.40
66.25
96.37 i
63.50
45.83
66.23
81.72
Finance, insurance, and real estate:
65.53
65.72
65.56
65.60
65.60
64.74
64.64
65. 15
65.56
Banks and trust companies
do
Service and miscellaneous:
44.29
44.29
45.31
44.58
44.80
44.40
44.69
44.00
44.40
Hotels year-round
do
43.23
44.75
43.68
45. 37
43.68
44.30
43.29
43.85
43.73
Laundries
do
49.53
47.09
53.47
50.70
52.40
49.78
50.30
49.27
51.35
Cleaning and dyeing plants
do
, ' Revised .
p Preliminary.
1
cfFor merly "A utomobilc s." Data not affect ed.
J See note marked " rf " for p. S-ll.
9 Includes dat a for in lustries n ot shown,
j *New series. Monthly data for January 1947-Febnaary 1957 are availa lie upon i•equest.
' 106. 59 p 107. 41
93.89
' 93. 02
' 95. 60 '95.28
' 87. 26 ' 85. 79
106.39
95.13
115. 44
118. 71
114.50
p 93. 20'
p 96. 40^
p 87. 85p 108. 50-
SURVEY OF CURRENT BUSINESS
December 1958
S-15
1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
October Novem- December
ber
January
February
March
April
May
June
July
August Septem- October November
ber
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
Labor) :J
All manufacturing industries
__ dollars _
Excluding overtime!
_
do
Durable-goods industries.
__do-_
Excluding overtime^
do
Ordnance and accessories
do _
Lumber and wood products (except furniture)
dollars. _
Sawmills and planing mills
do
Furniture and
fixtures
do .._
Stone, clay, and glass products _
. do
Primary metal industries? .. . _ ...
do _ _ _
Blast furnaces, steel works, and rolling mills
dollars
Primary smelting and refining of nonferrous
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
dollars..
Machinery (except electrical)
_
do
Electrical machinery
do
10
06
24
20
44
2.11
2 07
2 25
2 21
2 45
2
2
2
2
2
11
07
25
21
46
2.12
2 07
2 26
2 21
2 46
2.12
2.07
2.27
2.22
2.48
2.13
2.08
2.28
2.23
2.48
2.13
2 07
2.29
2 23
2.48
2.14
2.08
2.30
2.24
2.50
'2.14
2.08
2.29
2 23
'2.50
*2. 17
1.81
1 77
1 76
2 10
2 56
1.82
1 78
1 77
2 09
2 56
1.82
1 79
1 77
2 09
2.57
1.84
1 79
1 77
2 09
2 58
1.88
1 84
1 77
2 09
2 58
1.88
1.84
1.78
2.10
2.61
1.89
1.86
1.77
2.11
2.68
1.91
1.88
1.78
2.13
2.70
'1.94
'1.89
' 1.80
2.16
'2.73
'1.93
1.88
1.79
2.11
'2.74
p 1. 90
2 72
2 76
2 75
2 76
2 78
2 77
2.82
2 94
2 96
'2.99
2 99
2 42
2 42
2 44
2 43
2 42
2 43
2.43
2 47
2 52
'2.52
2 53
2.23
2.33
2. 10
2.22
2 34
2 11
2.22
2 34
2 12
2.22
2 35
2 13
2.23
2 36
2 14
2.24
2 36
2 14
2.25
2 37
2 14
2.27
2.38
2. 15
2.28
2.38
2 15
2.29
2.38
2 14
2.29
2.39
2.16
'2.28
2.40
'2.15
*2.29
J>2. 41
p2. 18
2.47
2.53
2 40
2.45
2 57
2.13
1.81
2.50
2.57
2.41
2.43
2.59
2.13
1.82
2.48
2 51
2 44
2 43
2 63
2 14
1.83
2.46
2 48
2 43
2 42
2 60
2 15
1.85
2.46
2 48
2 44
2 43
2 60
2 15
1.84
2.47
2. 50
2 44
2.45
2 64
2.17
1.84
2.47
2 50
2 44
2 45
2 66
2 17
1 85
2.49
2 51
2 48
2 45
2 65
2 18
1.84
2.50
2.51
2.51
2.45
2.64
2.19
1.85
2.53
2.51
2 54
2.51
2 65
2.20
1.84
2.55
2.54
2.55
2.55
2 64
2.21
1.84
2.55
2.55
2.55
'2.56
'2.67
'2.22
1.85
'2.55
2.51
2.56
2.59
2.72
2.21
1.85
P2.64
1 90
1.84
1.94
2.19
1 86
1.64
1 91
2.23
1.46
1.51
1 46
1.46
1.91
1.86
1.96
2.21
1.87
1.63
1.93
2.24
1.54
1.51
1 46
1.46
1 92
1.86
1.97
2.20
1 88
1.68
1 93
2 26
1.54
1 50
1 45
1 46
1 92
1 88
2.01
2 24
1 91
1 71
1 93
2 26
1.56
1 50
1 45
1 46
1 92
1 87
2.01
2 23
1 90
1 70
1 95
2 26
1 56
1 50
1 45
1 46
1 93
1.88
2.01
2 23
1 90
1.69
1 94
2 26
1.59
1 50
1 45
1 46
1 94
1 89
2.01
2 22
1 92
1 73
1 95
2 25
1 65
1 50
1 44
1 47
1 94
1 89
2.01
2 22
1 92
1 70
1 96
2 30
1.66
1 50
1 44
1 46
1 94
1.89
2.01
2.23
1 94
1.66
1 97
2.32
1.67
1.51
1 45
1.46
1.94
1.89
1.99
2.25
1 97
1.58
1 98
2.33
1.66
1 50
1 45
1.45
1 93
1.88
1.97
2.23
1 97
1.65
1 98
2.30
1.59
1.51
1 46
1.45
1.95
' 1.89
1.99
'2.28
1.99
' 1.68
' 1.99
'2.32
1.50
1.51
1.46
1.47
1.95
1.89
'2.01
2.28
1.99
1.68
1.99
2.31
1.53
1.52
1.46
1.47
v 1.96
1.49
2.08
2.22
2.53
2.24
2 41
2.71
2.82
2.32
2.69
1.55
1.50
1.50
2.08
2.22
2.52
2.26
2 42
2.73
2.84
2 33
2.72
1.57
1.51
1.50
2.08
2 22
2.54
2.26
2 43
2.73
2.83
2 31
2.70
1.56
1.50
1.51
2.08
2 21
2.54
2.27
2 43
2.72
2 82
2 29
2.67
1.56
1. 51
1.50
2 08
2 21
2.55
2.28
2 43
2.72
2 81
2 28
2 65
1.56
1 51
1.49
2.08
2 21
2.56
2.27
2 44
2.72
2.81
2 29
2.65
1.57
1.52
1.50
2 09
2 21
2.55
2 27
2 45
2 74
2 84
2 29
2 65
1.57
1 51
1.50
2. 10
2 22
2.58
2.29
2 45
2.72
2.82
2 30
2.66
1.57
1.51
1.50
2.11
2 24
2.59
2.31
2 46
2.73
2.83
2.33
2.72
1.57
1.51
1.50
2.12
2 26
2.59
2.33
2 48
2.76
2.86
2 35
2.74
1.55
1.50
1.52
2.13
2.26
2.60
2.34
2 49
2.73
2.82
2 39
2.80
1.56
1.51
1.53
2.14
2.27
2.62
2.34
'2.50
2.76
2.85
'2.39
'2.80
' 1. 58
'1.53
' 1.53
2.14
2.27
'2.62
'2.34
2 51
' 2.74
2.83
2.39
2.80
' 1.58
1.53
*1. 52
P2.15
2.56
2.48
2.63
3 04
2.56
2.46
2. 65
3 05
2 57
2.45
2.66
3 04
2 57
2.45
2 68
3 04
2 58
2.45
2 68
3 04
2 56
2.44
2 65
3 04
2
2
2
3
53
42
63
02
2 52
2.41
2 62
3 00
2.56
2.43
2 62
3 02
2 55
2.51
2 59
3 02
2 55
2.53
2 59
3 00
2.56
'2.54
'2.60
'3.01
2.55
2.53
2.60
3.01
2 64
2.04
2.94
2.69
3 02
2 68
2.04
2 96
2.70
3 03
2 69
2.05
2 97
2.70
3 05
2 69
2.03
3 00
2.71
3 07
2 69
2 03
3 01
2.71
3 08
2 70
2.02
2 99
2.71
3.06
2
2
2
2
3
68
02
98
68
06
2 65
2.05
2 97
2.69
3 06
2 71
2.07
2 96
2.67
3 06
2 69
2.08
3 00
2.71
3 09
2 66
2.08
3 00
2.73
3 09
2.69
'2.10
'3.04
'2.78
3.13
2.64
2.10
3.03
2.78
3.12
2.07
1 97
2. 10
2 38
2.07
1 98
2.09
2 38
2.08
2 01
2.10
2 40
2.08
2 01
2 09
2 39
2.09
2 01
2 10
2 41
2.09
2 02
2 10
2 42
2
2
2
2
11
03
11
44
2.10
2 04
2 12
2 43
2.12
2.05
2.18
2 46
2.13
2 06
2 19
2 46
2.12
2 07
2 18
2 47
2.14
2.08
2.24
2.49
2.14
2.09
2.24
2.51
2.13
2.14
2.14
2 13
2.15
2.15
2 15
2.16
2.18
2.19
2 18
'2.20
2.18
1 67
1.32
1.81
1 90
1 66
1.31
1.82
1 90
1 63
1.28
1 81
1 88
1 68
1 35
1 83
1 88
1 68
1.34
1 84
1 86
1 67
1.33
1 84
1 86
1 68
1 34
1 85
1 87
1 69
1.35
1 85
1 91
1 70
1.37
1 86
1 92
1 71
1.37
1 86
1 93
1 71
1.35
1 86
1 93
1.71
1.36
'1.87
' 1.91
1.71
1.35
1.89
1.90
1.10
1. 11
1.32
1.11
1. 11
1.31
1.12
1 11
1.31
1 11
1 12
1.30
1.12
1 12
1.29
1.11
1 12
1.30
1 11
1 13
1 31
1 12
1 13
1.32
1.13
1 14
1.34
1.14
1 14
1.33
1 12
1 14
1.33
1.13
1.14
'1.33
1.15
1.14
1.34
2.334
3 604
3.237
2.336
3 606
3.242
2 344
3 629
3 248
2 373
3 626
3 247
2 379
3 624
3 286
2 382
3 628
3 286
2 389
3 636
3 302
2 411
3 643
3 336
2 440
3 682
3 359
2 463
3 720
3 369
2 468
3 726
3 386
2.472
3.741
3.389
2.477
3.753
3.390
.84
2 254
1.98
2 409
2 401
97
2 385
1.96
2 445
2 407
94
2 391
1.87
2 438
2 453
94
2 433
2.07
2 456
2 453
2.09
2 03
2.23
2 17
2.38
2.11
2 05
2.24
2 18
2.40
2
2
2
2
2
1.84
1 82
1.77
2 09
2.55
1.84
1.83
1.76
2. 11
2.54
1.83
1 81
1 77
2 10
2 55
2 73
2 72
2 43
2 41
2.22
2.33
2 08
Transportation equipment 9
do
Motor vehicles and equipmentd*
.
Aircraft and parts
do
Ship and boat building and repairs .. do
Railroad equipment
do
Instruments and related products . _. do .
Miscellaneous mfg. industries
do...
X on durable-goods industries
do
Excluding overtim el
do _
Food and kindred products?
..do
Meat products
_
do
Dairy products
do
Canning and preserving
do
Bakery products
do
Beverages
._
do
Tobacco manufactures
.do .
Textile-mill products 9
do
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars..
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries-do
Chemicals and allied products
..do
Industrial organic chemicals
do
Products of petroleum and coal
.do
Petroleum refining
,. _
do
Rubber products
do
Tires and inner tubes
.
do
Leather and leather products
...do
Footwear (except rubber)
_. do
Nonmanufacturiner industries:
Mining*
do
Metal
do_
Anthracite
do
Bituminous coal
do
Crude-petroleum and natural-gas production:
Petroleum and natural-gas prod
dollars
Nonrnetallic mining and quarrying
. do
Contract construction
do
Nonbuilding construction
.
- d o
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do...
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
.. .
-do
Retail trade (except eating and drinking places) 9
dollars
General-merchandise stores _
do
Food and liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
_ _
do .
Laundries
do
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wage rates (ENR):§
Common labor _
' _
dol. per hr
Skilled labor
do
Equipment operators*
_
do
Farm wage rates, without board or room (quarterly)
dol. per hr _
Railway wages (average, class I)
do
Road-building wages, common labor (qtrly).__do
10
05
24
19
42
2
2
2
2
2
11
06
24
20
44
2
2
2
2
2
*2. 33
v2. 49
* 1.80
p2. 14
P2.74
v2. 21
*1.86
*2.05
pl.64
vl. 52
J>2. 62
P2.35
P2.77
J>2. 40
pl.59
2 480
3 756
3 393
.88
' Revised.
* Preliminary.
|See note marked "cf" for p. S-ll.
HData through 1956 shown in the 1957 edition of BUSINESS STATISTICS are based on adjustment factors; the 1956 figures therein have since been revised to reflect calculations from overtime
hours now regularly collected. Revisions for 1956 appear in the August 1957 SURVEY; the published estimates through 1955 are essentially comparable.
9 Includes data for industries not shown separately.
cf Formerly "Automobiles." Data not affected.
§ Rates as of December 1, 1958: Common labor, $2.482; skilled labor, $3.764; equipment operators, $3.394. Scattered revisions for 1952-55 for skilled labor rates are available upon request.
*Xew series. Average hourly earnings in the mining industry for January 1947-February 1957 are available upon request. Wage rates for equipment operators are arithmetic averages of
wage rates in 20 cities. The three types of equipment covered are tractors (including bulldozers, on 70-100 h. p. machines), power cranes and shovels 04 cubic yard), and air compressors; for
rates back to January 1956, see the December 1957 SURVEY.
S-16
December 1058
SURVEY OF "CURRENT BUSINESS
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1957
October November
1958
December
January
February
March
April
May
June
July
August Septem- October November
ber
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
__
_ mil. ofdol__
Commercial paper
do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
- - mil. of dol_.
Farm mortgage loans: Federal land banks__do
Loans to cooperatives
- do _
Other loans and discounts
do
Bank debits, total (344 centers)
New York" City
6 other centerscf
do
- do
do
Federal Reserve banks, condition, end of month:
Assets total 9
do
Reserve bank credit outstanding, total 9 _ do.__
Discounts and advances
do
United States Government securities
do
Gold certificate reserves
do
Liabilities total 9
Deposits, total 9
Member-bank reserve balances
Excels reserves (estimated)
Federal Reserve notes in circulation
do
do
do
do
_ _ do__
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent _
Weekly reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month:
Deposits:
Demand adjusted©
mil. ofdol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of dol._
States and political subdivisions
do
United States Government
do
Time except interbank total 9
do
Individuals, partnerships, and corporations
mil. of doL.
States and political subdivisions
do
Interbank (demand and time)
do
Investments total
- _ _ do
U. S. Government obligations, direct and guaranteed total
mil. of doL
Bills
do
Certificates
do
Bonds and guaranteed obligations
do
Notes
"'
"
do __
Other securities
do
Loans (adjusted) totalO
^°
Commercial, industrial, and agricultural
do
To brokers and dealers in securities
do
Other loans for purchasing or carrying securities
mil. of doL_
Real-estate loans
do
Other loans
__do
Money and interest rates: §
Bank rates on business loans:
In 19 citios
New York City
7 other northern and eastern citie^
1,225
516
1.224
560
1,307
551
1,422
654
1,523
776
1,529
862
1,479
919
1,441
946
1, 352
965
1,353
966
1,363
981
1,281
958
1, 255
961
3,354
1,904
451
999
3,329
1, 908
452
969
3,339
1.919
454
966
3,363
1, 925
456
982
3,404
1,934
442
1,028
3,464
1,947
428
1,089
3,527
1,958
413
1,155
3,595
1,972
405
1,218
3,670
1,989
408
1,273
3,725
2,002
425
1,298
3,766
2,017
453
1, 295
3,784
2,036
473
1,275
3,802
2, 052
507
1,243
204,168
77, 431
41, 761
189, 246
71, 667
39, 012
220, 376
88, 584
43, 692
212,908
84, 355
41, 992
181,729
72, 803
36, 188
203,870
84, 409
40, 363
204,126
85, 510
39, 354
195,116
77, 315
38, 645
219, 465
95, 473
41, 228
206, 524 ' 185, 849 '195,205
82, 214
68, 620
70, 887
40, 701
37, 942
40, 520
212, 894
79, 620
43, 594
52, 035
25, 206
789
23, 338
22, 005
52, 562
25, 515
819
23, 733
22, 083
53, 028
25, 784
55
24, 238
22. 085
51, 428
24, 352
217
23, 331
22, 104
51, 159
24, 330
122
23, 240
22, 099
50, 731
24, 570
137
23, 628
21, 804
51.315
24, 672
156
23, 681
21, 409
50,917
25, 313
144
24, 162
21, 005
51, 458
26, 283
41
25, 438
20, 767
50, 960
25, 477
94
24, 480
20, 621
51, 471
26, 739
555
25, 346
20, 424
51, 264
26, 130
255
24, 986
20, 288
51, 538
26, 675
407
25, 443
20, 105
53. 254
28. 006
717
26. 229
20, 019
52, 035
20, 103
18,917
376
26, 834
52, 562
19, 996
19, 274
696
27, 260
53, 028
20, 117
19, 034
-57
27, 535
51, 428
19,956
18, 958
415
26, 711
51, 159
19,785
18, 667
481
26, 559
50, 731
19. 650
18. 532
675
26, 537
51, 315
19, 516
18, 254
568
26, 375
50, 917
19,416
18, 176
633
26, 570
51, 458
19, 883
18, 784
626
26, 705
50, 960
18, 999
17, 764
-37
26, 802
51, 471
19, 723
18, 538
678
26, 961
51, 264
19, 171
18, 147
'362
26, 871
51, 538
19, 448
18, 462
'521
27,003
53. 254
20, 074
18, 994
» 806
27,529
46.9
46.7
46.3
47.4
47.7
47.2
46.7
45.7
44.6
45.0
43.8
44.1
43.3
42.1
55, 805
55, 464
56, 887
56, 134
54, 943
54, 119
55, 699
55, 434
54, 560
56, 647
55, 509
55, 967
57, 283
57, 214
58, 495
3,857
1,683
58, 772
4,005
1,758
61, 887
4,331
2,458
57, 924
4,176
1,048
57, 040
4,141
2,308
56, 070
4,286
3,092
57, 863
4, 937
3,945
56,917
4,739
3,556
57, 176
4,426
6,372
58, 520
4,222
2,695
58, 015
4,242
3,527
59, 152
4,151
2,487
60, 097
3,966
1,966
60. 209
4. 185
2,780
22, 925
22, 716
23, 293
23, 415
23. 967
24, 693
25, 212
25, 627
26, 295
26, 432
26, 477
26, 347
26,350
25, 977
21, 635
1,111
13, 094
21, 487
1, 060
12, 918
21, 951
1, 175
15,211
22, 062
1,216
13, 293
22, 390
1,443
13, 639
23, 003
1, 551
15, 155
23, 367
1,703
14, 777
23, 701
1,781
14, 500
24, 168
1,956
15, 797
24, 376
1, 888
14, 980
24, 519
1,790
15, 229
24, 506
1,674
15, 046
24, 577
1,603
14, 531
24, 331
1. 476
14, 591
33, 129
32, 743
34, 329
33, 942
35, 080
36, 842
39, 488
40, 032
41, 749
41, 356
42, 133
40, 920
41, 126
41, 287
25, 191
1. 156
1,600
18, 004
4,431
7,938
25, 010
1.007
1,713
17, 898
4,392
7,733
26, 423
1,888
1, 752
18, 007
4,776
7,906
25, 923
1.431
1, 799
18,028
4, 665
8,019
26, 856
1. 552
1,119
19,338
4,847
8,224
28, 113
2, 057
1,140
19.965
4, 951
8,729
30, 548
2,146
1,169
20, 159
7,074
8,940
31, 093
1,964
1,298
20, 564
7,267
8,939
32, 575
2,294
1, 650
21, 763
6,868
9,174
32, 002
1,923
1,663
21, 428
6,988
9,354
32, 674
1,389
4,421
19, 957
6,907
9,459
31,431
1,364
4, 168
19, 226
6, 673
9, 489
31, 632
1,770
3,999
19, 112
6,751
9, 494
32, 149
2,410
4, 160
18, 080
6, 899
9.138
53, 614
31, 756
1,642
53, 329
31, 527
1,610
54, 658
32, 237
2,190
52, 245
30, 638
1, 645
52, 281
30, 448
1,882
52. 699
30, 842
1,983
52, 995
30, 185
2,749
52, 068
29, 795
2,204
53, 513
30, 371
2,819
52, 156
29. 545
2.308
52, 165
29, 885
1,831
52, 675
30, 287
1,808
52, 780
30, 337
1,641
53. 643
30. 675
l.Soo
1,106
8, 758
11,411
1,093
8,777
11, 385
1,154
8,761
11,448
1,125
8,744
11,226
1,178
8,742
11,170
1.274
8, 695
11,056
1,315
8,746
11,157
1,288
8,821
11,118
1,433
8,890
11,182
1, 344
8,970
11,168
1,245
9, 074
11,314
1,237
9,182
11, 342
1,240
9,350
11,388
1.234
9. 505
11,556
Discount rate (N Y F R Bank)
do
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 davs) _ - do_ _
Commercial paper (prime, 4-6 months)
do
Stock Exchange call loans goin^ rate*
do
Yield on IT. S. Government securities:
3-month bills
do
3-5 year taxable issues
do
Savings deposits, balance to credit of depositors:
New York State savings banks
mil of dol
U. S. postal savings^
do
4.49
4.29
4 49
4 77
4. 85
4. 71
4 86
5 05
percent
do
do
4.17
3.88
4.17
4 58
4.21
4.00
4.21
4 54
3.50
4.49
5.38
3.00
4.68
5.63
3.00
4.70
5. 03
2.75
4.55
5.63
2.75
4.42
5.50
2.25
4.10
5.38
1.75
4.00
5.21
1.75
3.29
5.17
1.75
3.17
5.17
1.75
3.15
5.17
1.75
3.09
5.13
2.00
3.02
5.13
2.00
3.06
5.17
3.75
4.10
4.50
3.50
4.07
4.50
3. 35
3.81
4.50
3.06
3.49
4.27
2.30
2.63
3.88
1.80
2.33
3.88
1.52
1.90
3.76
1.30
1.71
3.50
1.13
1.54
3.50
1.13
1.50
3.50
1.65
1.96
3.50
2.39
2.93
3.65
2.75
3.23
3.75
2.75
3.08
3.75
3. 591
3.99
3. 337
3.63
3.102
3.04
2. 598
2.77
1. 562
2.67
1.354
2.50
1.126
2.33
1.046
2.25
.881
2.25
.962
2.54
1.686
3.11
2.484
3.57
2.793
3.63
2. 756
3. 60
18, 207
1,362
18, 323
1, 344
18, 588
1,328
18, 701
1,306
18,780
1,288
19, 009
1,271
19,024
1,256
19. 128
1,241
19,340
1,213
19, 378
1,198
19, 453
1,184
19, 641
1,169
1,158
1,146
CONSUMER CREDIT t
(Short- and Intermediate- term)
mil. of doL. ' 43, 162 ' 43, 438 ' 44. 774 ' 43, 904 '43,017
Total outstanding, end of month
Installment credit, total
\utomobile paper
Other consumer-goods paper
Repair and modernization loans
Porsnrml lnnn<;
_
r
43, 144
43, 164
33, 052
do_ __ ' 15, 505 ' 15. 459 ' 15.409 '15. 235 '15,030 ' 14. 793 r 14, 691 ' 14. 613 ' 14. 590 'r14, 567 ' 14, 514 '14,332
8, 197
' 8, 254 '8,312
' 8. 179 ' 8, 124 '8.158 ' 8, 190
' 8, 229 ' 8, 289 ' 8. 092 ' 8, 495 8.277
do
' 2, 088 ' 2. 048 ' 2, 061 ' 2, 091 ' 2, 107
' 2, 078 ' 2, 095 r 2. 091 r 2, 069 '2.041 ' 2, 019 '2.017
do
14, 164
8,411
2,128
8.349
-do
do
42, 500
' 33, 566 ' 34, 095 ' 33, 713 ' 33. 278 ' 32, 940
' 7. 672 '7. 7 23
- 7. 903
'7.914
' 7. 930
' 7. 949
'42,617
' 42, 985 ' 43. 079
' 32, 888 ' 32, 910
' 8. 056
' 42, 923 ' 43, 128
r
' 33, 079
' 33, 484
' 33. 008 ' 33, 074
' S, 101 ' 8. 180
'33,165
' 8. 249 ' 8. 306
' 8. 328
' Revised.
*> Preliminary.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
OFor demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of loans
to banks and deduction of valuation reserves (individual loan items are gross, i. e., before deduction of valuation reserves).
§ For bond yields, see p. S-20.
*New series (from Board of Governors of Federal Reserve System). Data (available back to January 1957) are averages of daily prevailing rates.
KData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).
^Revisions, incorporating more comprehensive information, appear in the Federal Reserve Bulletin as follows: 1955-56 data, in December 1957 issue; 1957 data, in November 1958 issue.
SUEVEY OF CUKEENT BUSINESS
December 1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- DecemOctober
BUSINESS STATISTICS
ber
ber
S-17
1958
Janu-
February
ary
March
April
May
June
July
August Septem- October November
ber
FINANCE—Continued
CONSUMER CREDIT J— Continued
(Short- and Intermediate- term)
Total outstanding, end of month— Continued
Installment credit, total— Continued
By type of holder:
Financial institutions, total
mil.
Commercial banks . . _
Sales-finance companies
Credit unions .
_.
Consumer finance companies
Other
—_
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other -
__
do
do
do
do
do
-
Noninstallment credit, total . .
Single -payment loans __ _ -_
Charge accounts
Service credit
_
By type of holder:
Financial institutions
_ _
Retail outlets
Service credit
of dol
do
do
do
do
do
do
' 29, 282 ' 29, 281 * 29, 427 ' 29, 171 ' 28, 907 ' 28, 646
' 12, 773 ' 12, 749 r 12, 753 * 12, 647 ' 12, 451 * 12, 333
9,464
9,564
9,284
9,585
9,573
9, 405
' 2, 387 ' 2, 402 ' 2, 429 r 2, 402 ' 2, 404 ' 2, 410
3,229 r 3, 246 ' 3, 333 ' 3, 321 r 3, 307 ' 3, 287
' 1, 308 r 1, 320 ' 1, 339 r 1, 337 ' 1, 340 ' 1, 332
r 28, 724 ' 28, 703 ' 28, 774
' 12, 444 ' 12, 467 ' 12, 520
9,129
9,105
9,200
' 2, 510
' 2, 452 r 2, 478
' 3, 292 ' 3, 277 ' 3, 283
' 1, 356
' 1, 336 r 1, 352
' 28, 917
' 12, 606
9,121
' 2, 545
' 3, 292
' 1, 353
' 28, 983 ' 28, 758 28, 666
' 12, 655 ' 12, 607 12, 612
8,891
9,083
8,777
' 2, 578 ' 2, 591 2,613
r
3,274
3, 294
' 3, 280
1,390
' 1, 373 ' 1, 389
' 4, 202 ' 4, 285 ' 4, 668 ' 4, 542 ' 4, 371 ' 4, 294 r 4, 164 r 4, 207 ' 4, 234 ' 4, 157 ' 4, 182 ' 4, 321
r
1,241
1,134
1,278
1,241
1,310
1,251
1,393
1,393
1,381
1, 326
1,343
1,199
1, 131 * 1, 148 ' 1,210 r 1, 170 ' 1, 140 ' 1, 103 ' 1, 091 ' 1, 092 * 1, 093 ' 1, 093 '1,110 '1,110
r
r
r 444
'443
478
455
'440
'489 r '484
'471
'464
'446
'433
'450
r
r
r
1, 393
' 1, 380 ' 1, 381 ' 1, 385
1, 454
* 1, 587
' 1, 520 r 1, 441
1,387
1, 448
' 1, 382 ' 1,391
r
r
9, 678
r
4,386
1,426
1, 126
427
1,407
' 3, 482 r 3, 373
' 3, 453 ' 3, 495
T 3, 397
' 3, 365 ' 3, 386 r 3, 404
' 3, 352 r 3, 476
r
T
' 4, 290 T 3, 754
4,010
' 4, 012 ' 3, 927 ' 3, 956 ' 4, 033
4, 829
' 3, 579 T 3 772
r
* 2, 515
' 2, 589 ' 2, 577 ' 2, 549 ' 2, 554 r 2, 537
2, 485
' 2, 581 ' 2, 584 r 2, 605
3,414
4,191
2, 507
do
do
do
Installment credit extended and repaid:
Unadjusted :
Extended total
Automobile paper
_____ _
Other consumer-goods paper
All other
___ _
10, 112
do
do
do
_
' 10, 075 ' 10, 071 ' 9, 849 ' 9, 963 ' 10, 065
*
' 3, 275 T 3, 325
r
4, 044
4, 147
' 2, 359 r 2, 400
r 3, 275 r 3, 325
r
r
4, 044
4, 147
' 2, 359 r 2, 400
r
' 3, 482 ' 3, 373 ' 3, 453 ' 3, 495
3, 365
' 3, 386 ' 3, 404 ' 3, 397 ' 3, 352 r 3, 476
' 4,012
4, 829
' 4, 290 r 3, 754
' 3, 579 ' 3, 772 r 4, 010
' 3, 927 ' 3, 956 * 4, 033
r
' 2, 549 r 2, 554
' 2, 485 ' 2, 515 ' 2, 581 r 2, 584
' 2, 589 r 2, 577
* 2, 605
2, 537
3,414
4, 191
r
r
do
do
do
_ _ do
Repaid, total
do
Automobile paper
_
_ __
do
Other consumer-goods paper
_ _ do _
All other
_
do
Adjusted:
Extended, total
do
Automobile paper _
_ _ __ ___ _-do
Other consumer-goods paper___ _ _ _ do
All other
do
Repaid, total
Automobile paper
Other consumer-goods paper
All other
_
_ _
do
do
do
do
9, 872
3 547 r 3 428
' 1, 393 ' 1,231
r
978 r 1 014
r
1, 176 r 1, 183
3, 456
r 1. 376
'969
r
1, 111
r 3, 533
T
1, 424
r
913
r 1 916
r
3, 369
' 1 312
r
958
' 1, 099
r
' 10, 679 ' 10. 191
* 9, 739
' 9, 560 * 9, 729
r
T
3 088
4 088
' 1, 292 ' 1, 176
' 1 351 ' 794
r
1, 445
' 1, 118
r
3 335
' 2 742 r 3 156
r 1, 094
' 1,014
' 1,211
T
r
r
901
714
876
' 1,014
' 1, 161 r 1, 248
r
T
T
r
3, 494
1, 331
T
999
1, 164
3, 346
1,277
'954
' 1,115
3, 559
3, 470
3, 177
' 1, 342 ' 1, 350 ' 1,219
r
932
'991
'948
' I , 269
1, 026
1, 129
* 3, 553
r
1, 384
'958
r
1,211
' 3, 635 ' 3, 481 ' 3, 221 r 3, 184
T
T
T
T
I, 407
1. 331
1. 067
1, 171
r
T
r
980
978
933 r ' 896
7
T
1,248
1 154
1,217
' 1, 139
r
3, 393
1 281
r
980
1, 132
' 3, 496
r
Ir, 359
r
r
r
980
r 1, 157
r
r
T
T
3, 415
1 357
' 929
' 1, 129
3, 389
1 312
r
960
' 1,117
r
r
T
T
3 371
r 1, 199
r
r
1 000
1,172
3, 387
' 1,313
* 931
T
1, 143
* 3, 349
' 1,277
' 3, 262
1, 151
' 916
T
1 195
r
T
' 3, 384 r
r
r
1, 294
'964
' 1, 126
'
3, 393
1 328
' 920
1, 145
966
' 1, 106
T
r
3, 243
1, 100
'986
1, 157
r
3, 385
' 3, 477 r 3, 483
' 1, 193
' 1, 257 ' 1,281
r
r
r
956
973
976
' 1,247
' 1, 246 '1,216
'3 297
' 1. 105
r
993
' 1, 199
3, 475
1,173
1,075
1,227
r
r 3. 383
' 1, 287
3,502
3, 379
' 1,280
r
941
r
1, 158
' 3, 417 ' 3, 294
' 1, 304 ' 1,246
' 949
'919
' 1, 164 r 1, 129
' 3, 259
r
1, 101
T
T
r 1, 210
r
r
r 961
1, 197
' 3, 330
1, 159
' 961
' 3, 393 r 3, 367
r
r
1, 279
1 278
941
' 948
' 962
' 1, 152
' 1, 141
' 1, 113
r
r
2,507
3, 339
1 285
r
r
T
r
3. 415
1, 148
1,013
1, 254
3, 404
1 277
r
948
1, 179
1,341
935
976
' 1, 161
1,185
' 3. 324
1, 088
'999
T
1, 237
3, 450
' 3, 377
1 247
r
950
r
1, 180
3, 419
1, 282
3, 446
2, 769
r
r
998
1, 247
964
1,173
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
Receipts net
Customs
__
_ __
mil. of dol
do
do
__
6.039
7,334 P 11,905
9 501
3 496
4 925
p 10 751
3, 624
2 946
4 838
69
63
?66
72
8, 119
7 208
68
67
75
82
4,741
2,658
3, 584
4,253
v 3, 665
p 5 906
P 818
p 1, 451
1,453
3,599
3, 909
2 267
1,387
1 105
549
374
386
1,265
M93
1,320
1,217
6 613
6 198
_
6 633
7, 144
642
431
574
404
578
410
600
3,819
i 721
3, 675
1 545
3,934
275. 466
273, 910
228 033
45' 877
1,556
278. 476
276, 951
230 638
46 313
1, 525
276 666
275, 004
229 008
45 996
1,661
5,845
4 827
6,611
5, 956
4 786
7, 756
6 ?99
76
67
63
69
58
do
do
do
do_
Individual income taxes
Corporation income and profits taxes
Employment taxes
Other internal revenue and receipts
Expenditures, total
Interest on public debt
Veterans' services and benefits
Major national security 9 -All other expenditures
11,182
3,796
3 131
1,537
3,512
2,477
2,277
3,034
1,391
1,158
1,363
do
do
do_
do
do
6 501
5 806
5,809
641
421
636
432
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
do _
Interest bearing, total__ _ __
_
__do _
Public issues
do
Special issues
do
Noninterest bearing. _ _
__
__
doObligations guaranteed by U. S. Government, end
of month
_
_
mil. of dol
U. S. Savings bonds:
Amount outstanding, end of month
do
Sales, series E through K§ ._
_ ___ do _
Redemptions
do
Federal business-type activities, end of quarter ^
Assets, except interagencv, total
mil. of dol _
Loans receivable, total (less reserves)
do
To aid agriculture
do
To aid homeowners
_ _
_ _ _ do __
Foreign loans
do
A l l other
__
_ _ _ _ _ _ _ do_ _ _
Commodities, supplies, and materials
do
U. S. Government securities. _
_ _ _ _ __do
Other securities and investments
do
Land, structures, and equipment _ _ _ ._ _ do
All other assets.. _ _ _ _
__ __
do ___
429
363
367
740
5,243
406
6 538
680
476
722
1, 270
1 302
1,249
1,237
1,189
1 293
1, 276
6 Oil
5 528
5 749
6 122
5 846
674
426
693
433
606
429
616
432
595
436
3, 765
1,120
3, 590
3,672
613
465
903
1,029
3, 730
1 313
3,712
1 102
p 6 581
p 619
p 431
p 4, 335
p 1 196
275, 057
273, 447
228 004
45 443
1, 610
275, 653
274, 030
227 915
46 115
1 622
276, 343
274, 698
228 452
46 246
1,646
432
3,752
486
385
449
479
355
6.280
316
3,700
3,506
1,739
1, 231
958
274, 067
272, 406
226 338
46 068
1,661
274, 747
273. 132
227 146
45 986
1, 615
274, 898
272, 874
227 075
45, 799
2,024
274, 555
272, 777
227 307
45 470
1, 777
274, 679
272, 959
227 000
45 959
1,720
103
104
104
101
103
104
94
97
101
102
108
118
112
107
53 799
53 533
53, 209
5? 846
52 754
52 663
52 462
52 263
52 193
334
694
368
813
407
590
51 971
398
605
368
551
376
610
418
626
369
534
52 118
'352
52 031
510
998
418
600
52 349
337
729
52 550
378
551
324
481
272,
270,
225
45.
624
948
137
810
1,1)76
i 71, 139
22, 395
21, 206
3,718
283 060
281, 425
236 313
45 112
1,635
4.917
21,628
3,804
523
280, 211
278, 561
233 194
45' 367
1 650
i 72, 242
23, 147
4, 769
1 712
3 753
10, 020
6,688
8,754
2,552
9,962
9,632
7 60ft
8,965
2,013
4,523
9,594
Liabilities, except interagency, total
_ do___
i 7, 627
i 8, 270
Bonds, notes, and debentures
_
do _ _ _
4,710
4,798
Other liabilities __
_
_ _ do__ _
2,916
3,472
1
1
Private proprietary interest
do_ _
1, 121
1. 183
U. S. Government proprietary interest
do___
1 62, 391
i 62, 789
' Revised.
p Preliminary.
i See note marked " cf".
JSee corresponding note on p. S-16.
9 Includes data for defense support beginning January 1957.
§Efrective May 1957, for series E and H (series J and K discontinued after April 30,1957). Data for various months through September 1958, however, include minor amounts due to late
reporting or adjustments on discontinued series (F, G, J, K).
cf Figures are not directly comparable from quarter to quarter, since activities covered vary. Data reflect the condition of activities (public-enterprise and intragovernmental funds, certain other activities of the U. S. Government, and certain deposit and trust revolving funds) reporting to the Treasury under Department Circular No. 966; excluded from the data are activities
reported other than quarterly. Interagency items are excluded except in the case of trust revolving funds.
SUEVEY OF CUEEENT BUSINESS
S-18
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- DecemOctober
BUSINESS STATISTICS
ber
ber
December 1958
1958
January
February
March
April
May
June
July
August Septem- October November
ber
FINANCE—Continued
LIFE INSURANCE
Institute of Life Insurance:!
Assets, total, all U. S. life insurance companies
mil. of doL. 100, 446
Bonds (book value), domestic and foreign, total
mil. of dol_. 51, 170
7,301
U. S. Government
do
2,357
State county municipal (U S )
do
14, 557
Public utility (U. S.)
do
3,855
Railroad ( U S )
do
20,241
Industrial and miscellaneous (U S )
do.
Stocks (book value), domestic and foreign, total
mil. of dol._
Preferred ( U S )
do
Common (U. S.)
do
Mortgage loans, total
do
Nonfarm
do
Real estate
_.
_
- do__.
Policy loans and premium notes
do
Cash
do__Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :J
Value estimated total
mil. of dol _
Group and wholesale _
do
Industrial
_.do___
Ordinary total©
do
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central
._
do
do_.
do
do_..
do
do.
West South Central
_
do
Mountain
do
Pacific
- -- do_ ._
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
' _
mil. of dol
Death benefits
do
Matured endowments
do. _
Disabilitv payments
do
\nnuitypavments
Surrender values _
Policy dividends
Life Insurance Association of America:
Premium income (39 cos ), quarterlv total
\ccident and health
\nnuities
Group
Industrial
Ordinary
do
__do
do
100, 840
101, 309
101, 961
102,310
102, 711
103, 058
103, 508
104, 008
104, 578
105, 054
105, 493
106, 053
51, 303
7,209
2,367
14, 612
3,856
20, 388
51, 428
7,028
2,377
14, 663
3,857
20, 620
51, 885
7,199
2,428
14, 706
3,852
20, 802
52, 022
7,214
2,438
14, 728
3 852
20, 877
52, 154
7,095
2,461
14, 782
3,851
21,028
52, 407
7,106
2,474
14, 819
3,849
21. 195
52, 545
7,036
2, 502
14, 830
3,848
21, 308
52, 804
7,083
2 537
14, 895
3 843
21, 400
53, 202
7,258
2 561
14, 962
3 835
21, 523
53, 444
7,300
2 597
15,012
3 839
21 606
53,638
7,307
2 616
15, 085
3 835
21 700
53, 988
7,319
2 641
15, 170
3 829
21 931
3, 033
1, 631
1,379
34, 902
32, 323
3,042
1,628
1,391
35, 034
32, 449
3,013
1,627
1,366
35, 271
32, 686
3,013
1,623
1,371
35, 462
32, 873
3,023
1,625
1,378
35, 587
32, 990
3,098
1,637
1,439
35, 727
33,117
3,105
1,640
1,442
35, 840
33,213
3,118
1,641
1,453
35, 956
33, 316
3,159
1,654
1,482
36, 060
33, 409
3,159
1,659
1,477
36, 183
33, 519
3,151
1 658
1,469
36, 323
33, 645
3,191
1 657
1, 508
36, 462
33. 776
3, 187
1 654
1,504
36, 648
33, 955
3,072
3,807
1,134
3,328
3,098
3,839
1,156
3,368
3,120
3,872
1,294
3,311
3, 143
3, 905
1,201
3,352
3,168
3,938
1,150
3,422
3,191
3.975
1, 170
3,396
3,222
4,011
1,153
3,320
3,241
4,038
1,227
3,383
3,280
4,067
1,207
3,431
3,303
4,091
1, 227
3,413
3, 355
4 114
1,210
3,457
3, 368
4 138
1,209
3 487
3,388
4 162
1,190
3 490
6,126
1, 538
567
4,021
5.221
848
509
3,864
6, 837
2, 137
492
4,208
5,513
1, 595
464
3,454
4,959
979
496
3,484
5,784
1, 336
550
3,898
5, 565
1,024
544
3,997
5,462
999
595
3, 868
5,162
780
559
3 823
5,196
633
530
4,033
5,086
869
548
3,669
5,056
666
557
3,833
5 ,504
759
579
4 166
244
977
826
316
477
165
246
979
796
292
455
157
092
957
861
327
481
169
249
839
688
273
398
137
254
820
676
286
404
147
272
923
767
309
461
167
274
956
776
308
486
174
274
924
753
320
476
167
257
889
746
305
498
171
267
949
799
334
495
166
234
820
739
303
467
164
241
842
774
316
493
181
273
963
842
328
520
186
364
154
455
331
146
421
384
175
518
321
127
388
333
134
403
362
148
451
379
158
452
361
155
439
370
149
439
381
166
476
355
150
439
382
153
452
386
179
490
587.1
248.8
64.0
10.2
525.2
222.4
57.8
9.2
681.2
255.4
67.2
8.8
652. 5
258.1
67.7
11.4
567.9
239.7
58.2
9.8
641.5
262.7
61.2
10.0
624.2
259.2
60.7
10.6
584. 6
233.5
58.8
10.5
579. 2
229.7
58.7
10.1
590.0
246.8
55.3
10.2
537. 0
222.6
50.9
9.7
577.8
233.1
57.4
10.4
594
244
60
10
47.6
118.3
98.2
44.8
101.7
89.3
40.3
119.1
190.4
67.1
119.3
128.9
48.7
111.2
100.3
49.9
126.6
131.1
49.4
132.7
111.6
48.7
123.1
110.0
49.4
115.8
115. 5
50.4
120.6
106.7
48.5
108.3
97.0
47.6
119.0
110.3
53 6
120.2
105 2
2, 669. 9
441.1
344.0
312.3
232 9
1, 339. 5
2, 839. 3
474.9
365. 6
297.4
254 3
1, 447. 1
do
do
do
do
do
do
0
4
4
2
2, 604. 2
451.7
284.1
313.7
19? 6
1. 362. 1
2, 557. 2
439 0
275.9
291.9
197 9
1,352 5
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S. (end of mo.)
mil. of dol__
Net release from earmarks
do
Exports
thous. of dol._
Imports
__do
22, 691
36.9
172
42, 956
22. 763
—31.2
206
42, 074
22. 781
2 0
140
18, 978
22, 784
-37. 3
551
45, 588
22, 686
— 167 6
2,278
41, 149
22, 394
—252. 0
228
6,206
21, 996
—471.5
62
26, 097
21, 594
—355. 2
250
18, 177
83, 500
Production reported monthly total $
do
56, 000
Africa
'
do
13, 900
Canada
_
__do
6,500
United States
- do
Silver:
681
Exports
do
5,786
Imports
do
.906
Price at New York...
dol. per fine oz_
Production:
2, 817
Canada
_
thous. of fine oz.4,719
M^exico
do
3,334
United States
do
Money supply (end of month) :
31, 090
Currency in circulation
mil. of dol
Deposits and currency, total
_
do ._ 231, 100
3,300
Foreign banks deposits net
do_
4,800
U S Government balances
do
79, 000
54, 800
13. 100
5,100
78, 000
53, 900
12, 900
5,500
55, 000
13. 200
4.400
52, 400
12, 500
4,400
55. 100
13, 700
4,300
55, 500
13, 400
4,500
56, 600
13, 300
4.600
507
33, 226
.904
493
26. 963
.898
319
16, 934
.894
168
25, 609
.886
314
24, 413
.886
171
12, 322
.886
2,567
4,218
2,731
2,538
3. 142
3,029
2, 530
4,062
3, 520
2,295
4, 583
3,589
2,449
3, 217
2,465
2, 559
3,913
3,123
31, 661
231, 000
3,200
4,500
31, 834
236, 372
3,270
5,421
30, 576
231, 800
3,300
3,700
30, 554
232, 500
3,700
4,900
30, 666
235, 500
3,900
7,100
30, 565
239, 200
4.000
6,700
21,210
— 164.3
9,328
27, 373
21,011
— 196.7
88
3,829
20, 874
-220. 2
8,706
79, 914
56, 100
13, 400
4,900
57, 300
13, 200
6,100
12, 800
5,400
13, 100
6,200
185
4,507
.886
324
8,329
.886
360
4,493
.886
727
4,882
.886
744
5,980
.887
2,651
4,070
2,597
2,528
4,151
3,243
2,386
3,919
2,127
' 2, 884
3,930
2,651
2,856
21,356
—285 0
9, 366
12, 799
r
2,614
20, 690
—189 0
68
5,425
204
10, 776
.900
.901
3,831
30, 994
31, 245
31, 386
31, 172
31, 171 31,371
238, 900 <• 244, 131 p 241,900 p 243,400 p 242,700 p 244, 900
4,000 r r 3, 953 * 4, 000 p 3, 900 p 3, 800 p 3, 800
6,800
10, 695 f 5, 600 p7,000 p 5, 700 p 4, 900
223, 000 223, 300 227, 681 224, 800 223, 900 224, 500 228, 400 228, 100 r 229, 483 p 232, 400 p 232, 500 p 233, 300 p 236, 200
Deposits (adjusted) and currency, total^
do
107, 200 107, 200 110,254 107, 600 105, 600 104, 600 107, 200 105, 800 r r106, 169 p 108, 100 p 107, 500 p 108, 100 p 110, 800
Demand deposits adjusted^
do
94, 600
92, 500
95, 524 p 96, 500 p 97, 000 p 97, 200 p 97, 500
89, 126
89, 800
90, 900
93, 600
88, 100
87, 600
Time deposits adjusted*!
- - do__27, 800 r 27, 790 p 27, 900 P 28, 000 P 27, 900 p 28, 000
27. 300
27, 400
27, 400
27, 600
28, 500
28, 301
27, 800
Currencv outside banks do _ _
Turnover of demand deposits except interbank and
U. S. Government, annual rate:
49.4
51.2
46.4
58.9
54.6
55.4
56.2
56.6
51.2
54.8
50.1
65.7
49.9
New York City
- ratio of debits to deposits.
'30.3
28.2
31.4
27.4
30.0
30.1
30.2
30.5
29.6
32.2
29.6
P30.0
31.3
6 other centers cf
do
'23.6
P23.2
22.0
23.3
22.2
22.1
23.5
22.9
21.7
23.8
24.7
22.8
22.7
337 other reporting centers
do...
r
Revised.
*> Preliminary.
JRevisions for assets of all life insurance companies for January-July 1956 and 1957 will be shown later; data beginning 1957 not comparable with earlier data. Revisions for insurance
written for 1956 are shown in the July 1957 SURVEY.
©Data for 1956-April 1958 include revisions not distributed by areas; revised area data for 1956 are available upon request.
§Or increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico (through October 1957 only); Colombia; Chile; Nicaragua; Australia, and India. Revisions for 1950-56 and JanuaryJuly 1957 will be shown later.
^The term "adjusted" denotes exclusion of interbank and U. S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
SURVEY OF CURRENT BUSINESS
December 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
&-19
1957
1958
Novem- DecemOctober
ber
ber
February
January
March
April
May
June
July
August
SeptemOctober November
ber
FINANCE—Continued
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):
Net profit after taxes, all industries
mil of dot
Food and kindred products
_
do
Textile mill products
do
Lumber and wood products (except furniture)
mil of dol
Paper and allied products . .
.
do
Chemicals and allied products
do
Petroleum refining
_
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport equip ) mil of dol
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment (except motor vehicles,
etc )
mil of dol
M^otor vehicles and parts
do
\.ll other manufacturing industries
do
2 472
'220
2,835
273
40
3,315
13
27
114
424
747
153
104
267
1
101
341
533
51
84
159
21
113
392
503
145
69
198
74
113
426
648
199
85
199
96
253
221
80
190
162
118
255
178
143
240
204
123
346
345
101
213
222
92
152
284
95
40
453
2,176
1,832
1,784
1,706
357
421
349
357
3 530
261
50
Dividends paid (cash), all industries _
do
Electric utilities, net profit after taxes (Fed. Res.)J
mil of dol
Railways and telephone cos. (see pp. S-23 and S-24).
319
77
SECURITIES ISSUED
Securities and Exchange Commission:}:
Estimated gross proceeds total
By type of security:
Bonds and notes, total
Corporate
_
_
Common stock
Preferred stock
By type of issuer:
Corporate, total 9
Manufacturing
Mining
Public utility
Railroad
Communication
Real estate and
financial
mil of dol
2 705
3 022
2,328
3 473
2,220
do
do
do
do
do
do
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
thous.
Short-term
2,536
1,113
844
224
22
302
16
93
130
1,114
133
37
339
18
372
161
592
14
175
27
41
93
816
155
14
326
69
86
111
875
180
18
373
17
36
211
do
do
do
1,592
2,178
1,374
1,567
2, 657
1,613
do
-do
do
do
do
do
894
683
671
150
24
761
343
11
3,401
2 487
do
do
do
do
944
101
68
2,849
2 681
744
44
28
511
782
607
182
85
407
899
639
925
640
1 099
828
1 097
805
856
1,060
882
178
9
30
764
559
205
39
25
1,023
814
210
21
53
711
593
119
82
11
of doL_ 682, 730
302, 503
do
639, 335
93, 579
640, 418
459, 382
782, 437
232, 803
3 959
6 963
2 160
6,832
1,101
2,041
1,623
1,232
2,336
1,802
5,731
4,269
3 049
3,830
1,494
61
69
240
22
415
40
800
50
90
41
640
35
320
20
79
42
2,953
2,423
1.340
r
2, 216
3,034
2,133
1, 259
r 2, 139
2,798
866
38
58
907
219
70
492
70
12
1,098
613
168
67
714
193
7
345
12
41
79
963
319
15
412
1
12
83
1,196
573
139
29
287
11
13
51
1, 175
503
13
189
4
14
30
849
255
17
305
11
44
128
1,447
2,086
1,411
1,226
2,185
1,461
594
84
36
552
19
403
28
102
34
55
23
418
631
767
369
389
' 1,041
554
'666
439
699
948
1 174
563
1 159
832
1,037
885
152
72
104
709
572
137
67
172
1.026
877
149
72
76
518
424
93
25
20
1,038
135
47
35
532
439
93
99
68
699
478
222
17
116
524, 355
272, 890
797, 617
356, 990
876, 838
353, 774
553, 658
263, 860
631, 365
288, 907
389, 004
423, 300
798
368
877
1,608
1,213
832
577
255
5
19
1,525
1,390
899, 485
459, 779
524
352
635
403
15
106
r
^
647,477 r 439, 391
369, 359 231, 298
443, 637
414, 197
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
mil. of dol
do
do
do
354
325
342
2 608
2,559
2 550
1, 780
1,697
89.67
89 89
75 34
328
312
312
322
312
2 613
2 682
324
331
2 776
2 869
2,997
1,831
1 740
1,846
1 990
2 051
2,052
3 168
1 047
2 398
3 170
1 080
2 208
92.67
92.93
75 27
94. 85
95. 12
77 59
95.38
95 63
78 74
96. 18
96 43
78 99
96. 87
97 12
79 79
97.50
97 74
80 39
97.78
98.03
80 64
96.82
97 04
80 80
95.69
95 89
81 11
98 2
102.9
89.77
98 3
103.4
91.90
102 7
107.5
95.63
105 9
110.0
96 48
105 7
109.1
96 20
105 0
107.9
96.34
105 3
110.0
98 23
105 5
111.0
97.94
105 5
110.8
97. 17
112,849
130 206
94, 231
109 879
109, 562
129 460
1 12, 769
126 929
80, 411
89 912
148, 045
143 165
120, 171
127 627
119, 914 T 123, 517
r
124 411 !29 333
111.565
128, 615
93, 159
108, 569
108, 149
127, 775
111, 021
124, 912
78, 859
87, 914
146 703
141,614
118, 129
125, 249
118, 070
122, 367
118, 623
99, 249
119, 125
117,884
88, 898
95, 197
116, 482
118, 623
113, 105
5,516
99, 247
95, 505
3,725
119, 125
114,050
5,073
117, 880
112 166
5,714
88, 898
84 293
4,572
95,197
90 058
5.140
116, 482
111 368
5,090
879
876
896
937
939
954
985
332
345
346
3 231
r i nq
2 075
3 311
1 140
2 025
92.32
92.47
81 46
91.74
91.90
80 72
91.77
91 92
80 92
104 2
108 0
94 78
102 0
103.7
91 51
98 9
100.6
89.51
98 6
100.9
89.36
121, 140
126 294
120, 651
127 385
122 594
126 495
161, 393
156 838
121, 728
127, 603
119 247
124, 171
119, 220
125, 769
120 972
124, 673
158 973
154, 274
106, 176
113, 936
113, 220
106, 733
119,875
137, 703
106, 176
101 236
4,941
113, 936
107 332
6.598
113, 220
106 551
6,637
106, 633
101 128
5,506
119,875
114 465
5,408
137, 703
131 844
5, 859
979
r
3, 152
1 103
2 002
r
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
total §
_
dollars
Domestic
do
Foreign
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al+issues):
Composite (21 bonds) d"
dol per $100 bond
Domestic municipal (15 bonds) _
do
U. S. Treasury bonds, taxable©
do __
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
Market value
thous. of dol
Face value
do
New York Stock Exchange:
Market value
do
Face value
._
do__ _
New York Stock Exchange, exclusive of stopped
sales, face value, total§
_ -thous. of dol_.
U. S. Government
do
Other than U. S. Government, total§. .
do
Domestic
do
Foreign
.do
0
2
0
4
0
o
o
o
r
r
o
o
100
0
' Revised.
*> Preliminary.
^Revisions for electric utilities for 1955 and 1956 appear in the July 1958 SURVEY. Revisions for securities issued (SEC) for January-March 1957 will be shown later.
9 Includes data not shown separately.
§Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in computing average price of all listed bonds.
cf Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
O Prices are derived from average yields on basis of an assumed 3 percent 20-year bond. Comparable data back to January 1957 appear in the July 1958 SURVEY.
o
90.13
SURVEY OF CURRENT BUSINESS
S-20
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- DecemBUSINESS STATISTICS
October
ber
ber
December
1958
January
February
March
April
May
June
115, 751
113 456
1, 383
August Septem- October November
ber
July
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Value, issues listed on N. Y. S. E.:
Market value, total, all issues §
mil of dol
Domestic
do
Foreign
_
do
Face value, total, all issues §
Domestic
Foreign
Yields:
Domestic corporate (Moody's)
By ratings:
Aaa
_
Aa
A
Baa_. _
__
_
By groups:
Industrial
_
Public utility
Railroad
.
Domestic municipal:
Bond Buyer (20 bond?)
Standard and Poor's Corp. (15 bonds)
U. S. Treasury bonds, taxable©
do
do
do
percent- _
99, 015
97 093
1,276
102, 487
100 524
1,236
106, 072
103 996
1,329
106. 780
104 682
1,339
111,805
109 579
1,340
114.816
112 566
1,365
116, 027
113 688
1,416
118, 287
115 802
1,423
116, 425 110, 165
113 955 107 683
1 425
1,462
107, 711
105 251
1,448
108, 045
105 549
1,461
110, 426
108,010
1,693
110, 598
108, 173
1,642
111,830
109, 333
1, 713
111.951
109, 464
1, 701
116,247
113, 639
1,696
118, 525 118, 720 118, 662
115,903 ! 116,075 115, 976
1,756
1 721
1,711
122, 178
119, 338
1,762
121, 673
118, 836
1,756
119, 336
116, 455
1,795
117, 407
114, 527
1,794
117, 734
114, 831
1,805
4.46
4.49
4.31
4.06
4.01
4.02
4.00
3.98
4.02
4.17
4.39
4.42
4.40*
3 63
3 78 1
4 06
4.68 '
3.60
3 78
4.01
4.67
3.57
3 78
4.02
4.62
3 57
3 78
4 00
4.55
3 67
3 83
4 04
4.53
3 85
3 98
4 19
4.67
4 09
4 20
4 40
4.87
4.11
4 21
4.45
4.92
4.091
4 21
4.43
4.87
4.04
do
do
do
do
4 08
4 29
4 50
5.09
3 81
4 08
4 31
5.03
3 60
3 81
4.01
4.83
do
do
do
4.39
4.48
4.57
4.34
4 49
4.65
4.11
4 29
4.53
3.91
3 99
4.30
3.86 ;
3 87
4.29
3.86 i
3 95
4.30
3.83
3.90 i
4.32
3.80
3.89
4.30
3 77
3 88
4.28
3.81
3 94
4.30
3.94
4 16
4.42
4.24
4 41
4.52
4.25
4.46
4.56
4.2$
4. 40
4.56
do
do
do
-
4 10
4 28
4.46
4.99
3.59
3 77
4.00
4.66 :
3 43
3 79
3.73
3 27
3 76
3.57
2 Q7
3 47
3.30
2 90
3 32
3.24
3 08 !
3 37
3.26 i
3 02 i
3 45
3.25
2 91
3 31
3.12
2 92
3 25
3.14
3 05
3 26
3.19
3 13 ,
3 45 !
3.36 i
3 52
3 74
3. 60
3 54
3 96
3.75
3 38
3.94
3. 76
3. 701
758. 1
138 8
263.5
8.0
325.0
75 6
134.6
2 4
2, 138. 7
224 7
1,375.2
172.9
813.4
172 6
261.1
8.6
345.5
107 2
115.4
24
1, 692. 8
106 4
1, 138. 5
118 2
749.9
130 8
258. 7
8.8
302.8
63 0
126.9
2.8
1, 677. 0
114 9
1, 110.2
117 0
302.2
68 7
115.4
2 3
1, 648. 0
111 7
1,104.7
109.8
771.5
142 1
260.4
8.5
161.0
92 9
22. 1
64.1
7.7
1.3
85 2
4 3
14.1
75
52 7
143 4
81 6
53.6
34 6
162.0
85 3
28.6
85.3
9.9
1.2
83 7
6 4
22.5
67
52 4
141 3
62.5
43.5
30 0
166.5
95 0
21.8
62.5
5.8
1.3
83 9
2.7
15.0
7.2
52 5
143 4
62 8
48.0
28 2
173 2
95 6
18 7 :
64.0 i
7.4
14
85 6
53.7
144 2
56.0
41.4
26.5
5.45
5.94
2.44
3.98
3.64
4.04
5.38
5 86
2.45
3 75
3.62
4.04
5.40
5 88
2.46
3 75
3.72
4.04
5.37
5.86
2.46
3.44
3.72
4.04
5.34
5 83
2.46
3 36
3. 75
4.07
5.34
5 83
2.46
3. 33
3.75
4.07
5.32
5.80
2.50
3.33
3.75
4.07
5.30
5 77
2.50
3.29
3.75
4.07
5.30
5 76
2.50
3 27
3.75
4.07
5.28 1
5.74
2.51
3.27 i
3.75
4.07 .!
5.26
5 71
2.51
3 27
3. 76
4. 07
do
; 116. 51
do ._ 133. 59
47. 15
do
50.88
do _ _
117.38
134. 30
48 65
48.64
113.20
128. 38
50 30
45.11
117. 76
133. 06
53.04
50. 61
115. 69
129. 97
53 27
47.59
118. 75
134.17
54. 16
48.11
122. 35
138. 30
56. 05
52.22
124.05
139. 97
56. 78
54.25
4.58
4 36
5 04
7.71
4.84
3.56
4.77
4 58
4 89
8.31
5.09
3.46
4.56
4.40
4 64
6.80
4.93
3.16
4.62
4.49
4 62
7.06
4.78
3.12
4.50
4.35
4 54
6.92
4.71
3.08
4.35
4.19
4.46
6.38
4.76
3.08
4.27
4.12
4 40
6.06
4.58
3.08
Stocks
Cash dividend payments publicly reported:
Total dividend payments
._ _ _ _ mil. ofdol.
Finance
do
Manufacturing.
.
__ do
Mining
do
Public utilities:
Communications
do
Electric and gas
do
Railroad
do
T^-ade
___
_
do ._
ATiscpllarieous
do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):'
Dividends per share, annual rate (200 stocks) .dollars. _
Industrial (125 stocks)
do
Public utility (24 stocks)
.
do
Railroad (25 'stocks)
do
Bank (15 stocks)
.
do _
Insurance (10 stocks)
do. Price per share, end of month (200 stocks) 9
Industrial (125 stocks)
.
Public utility (24 stocks)
Railroad (25 'stocks)
._
Yield (200 stocks)
Industrial (125 stocks) 13
Pubh'c utility (94 stock )
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks)
percent-do
do
do
do _ _
do
Earnings per share (at annual rate), quarterly: r
Industrial (125 c tocts)
dolla s
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp.).
_
percentPrices:
Dow Jones & Co., Inc. (65 stocks)
dol. per share. _
Industrial (30 stocks)
do
Public utility (15 stocks)
_ __do
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad :cf
Combined index (500 stocks)
1941-43—10
Industrial tot;il (425 stocks) 9
do
Capital goods (129 stocks)
do
Consumers' goods (196 stocks)
do
Public utility (50 stocks)
do
Railroad (25 stocks)
do
Banks:!
N Y City (12 stocks)
do
Outside N Y City (17 stocks)
do
Fire insurance (17 stocks)
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
M!arket valuet
mil of dol
Shares soldt
thousands
On New York Stock Exchange:
Market value!
mil. of dol_.
Shares soldt
thousands
Exclusive of odd lot and stopped sales (N. Y.
Times)
.
thousands. _
Shares listed, New York Stock Exchange:
M^arket value all listed shares
mil of dol I
Number of shares listed
millions
r
4.68
4.45
5 17
7.82 I
5.08
3.74
1
5 8
14.4
86
132. 89 i 134. 46
127. 67
153. 48
144. 74 i 151 57
57 74 i 58. 21
57 20
55. 29 i 60.16 1 61. 12
4.15
3.98
4 33
5.91
4.53
2.99
7 35
3.50
1. 17
9 90
3.41
7 07
779.9
149 4
264'. 1
7 5
3.97
3.79
4.31
5.44
4.54
2.94
!
i
!
;
3.91
3 72
4 39
5.35
4.43
2.97
r 174. 1
298. a
73 6
111.8
2.5
95 7
19.5
65.0
6.2
:
5.27
:
1.3
86. 0>
3.5
13.1
6.5
2.51
3.32
3.77
4.07
5.22
5.63
2.52
3.35
3.77
4.07
144. 82
141. 29
161.34 ! 165. 03
59.38
61.08
69.12
66.43
147. 66
168. 37
62.18
72. 71
5.25
5.71 :
2.51
3.25 ;
3.77
4.07 i
3.72
3.54
4.23
4.89
4.15
2.98
5.69
3.64
3.45
4.11 ';•
4.80
4.14
2.75
3.54
3. 34
4. 05
4. 61
4.09
2.68
8.10
r
3. 60
' i 9. 10
7 30
3.53
3 51
4.45
4.58
4.64
168. 87 ' 174. 55
488. 28
507. 55
79.64 : 78. 71
124. 78 I 132. 32
179. 36
521. 82
80.06
136. 96
186. 56
539. 85
82.07
146. 52
4.80
4.78
4.49
4.36
4.38
4.42
4.37
4.31
4.28
151. 27
443. 38
65. 18
116.70
146. 87
436. 73
65. 83
104. 63
146.03
436. 94
68. 08
98.13
151.01
445. 68
71.08
104. 90
151. 63
444.16
72.19
106. 64
152. 79
450.14
73. 23
104. 75
153. 74
446. 90
75. 75
106. 86
159.15
460. 04
77. 65
113. 73
163. 12
471.97
78.64
117.68
41 24
40 35
40 33
41.12
41 26
42. 11
42.34
43.70
44.75
45.98 I
47 70
48.96
44.43
43 24
31 55
30.39
?4 78
43.41
41 87
30 52
30. 68 I
22 63
43.29
41 35
30 29
31. 79
21 39
43.98
43.00
31 43
33.30
22 69
44.01
43 32
31 60
34. 12
23 00
44.97
43.60
32 35
34.57
22.60
45.09
42.61
32.78
35.54
23.20
46.51
43.86
34. 18
36.57
24.74
47.62
45.17
34 78
37.31
25.54
48.96
46.92
36.01
37.82
26.86
51.00
49 75
37 44
37. 50
28 43
52. 40
51.34
38.90
37.97
29. 51
'
:
'
i
54. 55
53. 60
40. 65
39. 15
31.23
18 90
36.96
23 12
18 47
35.75
22 19
18 73
35. 76
23 45
19.08
37. 98
25 88 1
19. 55
38.87
26 81
20.21
39. 56
27.49
20.26
40.17
27. 36
20.54
40.96
27.51
21.23
41.44
28 16
21.24
41.94
28.38
21.47
42.62
28 72
22.54
43.98
28 54
1
23. 28
45.25
29.49
2 112
76, 694
2 316
79, 417
2 361
81, 569
2 748
97, 823
r
2 771
93, 976
3 322
110, 944
3 350
115, 724
3,442
115, 652
4,823
161, 286
r
2,829
80, 233
2,895
83, 502
2,922
80, 695
4,172
118,112
3 248
113,' 662
2 252 ' 2 529
96, 084
80, 920
1,832
51,841
2,319
69, 192
2,292
69. 335
63, 983 j 48, 217 \ 54, 468
|i
200 919 ' 195, 570
4,804
4,781
49, 871
40, 198
46, 675
50, 305
54, 179
204, 969
4,813
201, 174
4,826
207, 795
4, 852
214, 040
4,861
218, 773
4, 870
196 675
4,747
1
2,008
56, 673
2,019
58, 502
2, 200
68, 265
2,821
80 589
1,960
58, 608
2 625
96, 960
r
r
2, 340
65, 812
4.36
193. 59
557. 10
85.56
153. 80
50. 95
56,618 : 69, 496
62, 373
71, 972
95, 987
234. 507
4,903
237, 509
4,906
248, 388
4, 916
255, 117
4,933
224, 904
4,883
74, 366
Revised.
* Preliminary.
i Includes $2.45 retroactive mail pay increase.
§Include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds shown on
p. S-19.
©For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
cfNumber of stocks represents number currently used, the change in number does not affect the continuity of series.
fData not shown in 1957 BUSINESS STATISTICS; indexes prior to August 1956 are available upon request.
tRevised to exclude sales of rights and warrants. Comparable data prior to May 1957 will be shown later.
SUKVEY OF CURRENT BUSINESS
December 1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- Decem
BUSINESS STATISTICS
October
ber
ber
vS-21
1958
January
February
March
April
May
June
July
August Septem- October November
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY) J
6,245
668
6,686
769
6,081
4, 186
r
716
1,015
3 795
Exports of goods and services, total
mil. of dol
Military transfers under grants, net _
do _ _
Merchandise, adjusted, excluding military transactions©
mil of dol
Income on investments abroad
do
Other services and military transactions
do
4 641
773
1 168
4 053
619
905
r
Imports of goods and services, total
Merchandise adjusted© cT1
Income on foreign investments in TJ S
Military expenditures
Other ser vices d1
do _
do
do
do
do
5,092
3 385
177
702
828
4,850
3 143
154
829
724
' 5, 211
' 3. 170
r
130
r
904
r
1,007
Balance on goods and services
do
+2, 042
4-1,395
+1,475
do
_.do _
do
— 1, 127
-137
—990
— 1 215
— 121
— 1 094
-1,365
r
-1,096
— 1,240
—965
do
_do.__
do
do
do
_do_
—971
-598
—373
+262
—98
— 108
—927
— 684
—243
-j_907
+370
+170
Unilateral transfers (net) total
Private
_
Government
-
U S long- and short-term capital (net) total
Private
Government
Foreign long- and Qhort-tcrm capital (net)
Gold sales [purchases ( — )]
Errors and omissions
FOREIGN TRADE
Indexes
Exports of U. S. merchandise: t
Quantity
1936-38=100
Value
do
Unit value
do
Imports for consumption:!
Quantity
_ _.
_do___
Value
do
Unit value
- -do
Agricultural products, quantity :f
Exports, U. S. merchandise, total:
Unadjusted
1952-54 = 100
Season all v adjusted
do
Cotton (incl linters) seas adj
do
Imports for consumption, total:
Unadjusted
do
Seasonally adjusted
do
Supplementary imports, seas, adj _
_do
Complementary imports, seas adj
_do__
Shipping Weight
Water-borne trade:
Fxports incl reexports §
thous of long tons
General imports
do
Value t
Exports (mdse.)i including reexports, totalf
mil of dol
By geographic regionsrA
\frica
do
\sia and Oceania
do
Europe
do
7,134
552
!
r
548
695
1 043
5,300
3,158
143
757
1.242
:
+781
-131
-125
—779
••-1,248
••—1,030
r
—218
r
— 10
+1, 075
r
+73 '
-441
—338
+394
+483
+217
306
667
218
281
613
218
250
547
219
289
632
219
287
622
216
309
666
216
266
573
215
267
577
216
••264
567
177
506
286
194
553
284
191
541
283
165
466
282
186
519
279
182
511
280
185
514
277
180
497
276
184
510
276
171
470
275
161
145
167
161
137
162
170
138
136
145
135
122
128
120
109
134
127
130
141
146
155
152
156
176
144
165
142
143
185
354
130
162
127
11 632
15, 083
10 020
12, 105
9 347
12, 485
7,901
12, 825
6,270
10, 678
7 288
11 346
8,483
9 043
11,675 r 12 491
9 299
14, 134
9,293
13, 769
1,674 4
1, 682. 7
1, 638. 6
1, 510. 9
1,344.9
1 556 9
1, 530. 6
1 637 9
1 407.9
1, 419. 0
1 395 9
1,361 7
53.0
271 0
438. 7
54. 7
278 5
449. 1
50.2
290 7
454.6
51.9
257.0
400.7
45.6
238.4
335.2
63 2
268 1
398 8
57.3
256 6
375.3
59 0
261 1
436 8
47.4
240 5
350 7
47.0
208 6
369.9
46 6
218 3
358 7
36 2
213 1
308
681
221
311
684
220
196
.563
287
'215
257
555
216
:
1, 599. 1
344.7
'
248.5
271.5
257.3
294.3
295.3
290.5
317.4
265.5
306.6
265 9
315 0
292 6
Northern North America
do
176 9
167.4
184 2
204.4
179.6
168 3
194 6
163 9
193 5
163 5
182 0
184 0
Southern North America
do
202.2
171.9
169.8
158. 1
229.0
185.8
234.5
226.8
160.0
192 8
196 9
197 9
South America
do
By leading countries:A
Africa:
o o
3.7
3.2
4.3
3.4
32
2.8
3.6
58
United Arab Republic (Egypt Region) do
57
36
4 3
1
1
1
1
1
1
!26. 6
* 18.2
i 19.6
24.9
22.3
12.7
27. 1
20.0
Union of South Africa
do
24.6
19' 1
27 9
26 8
Asia and Oceania:
14 6
12 5
13.8
21.9
12 6
22 9
15 6
21 4
28 3
12 7
17 8
15 2
\ustralia including New Guinea
do
2
2
2
2
2
2
2i 7
22.4
21.5
3.1
2. 9
2.8
4. 1
18
32
29
23
3.4
British Malaya
do
32 3
22.7
43.3
34 6
39.0
40 0
34.4
41 7
41 9
27 8
26 8
46 1
India and Pakistan
do
69.3
67.6
52. 1
72.0
95.8
88.1
78.1
72.8
67.9
64 1
Japan
__
-do
76.7
83.2
6.5
8.4
8.5
5.5
5.7
8.6
3.5
7. 1
3.8
4.8
4 0
6 7
Indonesia
do
24 0
22 1
19 5
22.5
17.9
21.8
31 9
29 9
28.9
22 2
26 9
28 1
Republic of the Philippines
do
Europe:
35.6
36.0
41.3
34.2
33.1
25.7
38.5
32.8
31.6
43 9
47.3
31 6
France
--- do
(3)
(3)
(3)
0
0
0
o
o
o
(3)
.2
0
East Germany
do
76.3
49.9
58.4
58.6
53.8
54.3
80.0
79.8
77.0
65.4
60.3
64.2
West Germany
_
-do
38.9
41.9
47.3
43.3
41.7
49.5
45.5
53.2
43.5
34.7 !
51.2
35 0
Italy
do
(3)
(3)
(3)
(3)
(3)
(3)
.1
.1
.4
.l
6
(3)
i
Union of Soviet Socialist Republics
do
73.6
67.3
53.4
88.5
55.9
73.7
64.6
58.3
81.6
62.7
United Kingdom
-do
100.3
58.3
North and South America:
290.5
295.3
248.4
271.5
257.3
294.3
265.5
306.6
317.4
265 8
292 5
314.9
Canada
do
307.4
351. 0
411.3
398.2
361.6
327.9
319.0
305.9
Latin American Republics, total 9 . _
do
360.5
406.3
337.3
359.6
18.5
20 4
16.8
16.8
17 5
16 4
18 8
18 8
20.8
18.6
16 8
26 5
Argentina
do
37.4
38.2
45.8
46.0
45. 1
34.9
39.9
41.5
46. 1
Brazil
_ _ _ _ _ -do _
46.3
49 5
44.2
14 7
14 4
15.0
10 2
14.0
10 2
15 6
12 7
10 5
90
15 3
13 7
Chile
do
14. 7
19.4
16.4
14 2
14.4
12 8
26.9
22.3
20.5
14.5
17.6
16 2
Colombia
- -do _
51.1
60.4
50.9
44.9
40.2
42.2
45.7
48.2
54.8
55.3
42. 5
43.7
Cuba
-do
81.2
67.8
87.9
80.1
81.3
72 7
82 6
61 5
76. 1
Mexico
do
81.8
68 7
80 5
54.1
82.4
65.7
103.9
105. 9
55.8
72.6
74.8
61.7
100.7
60.0
75.3
Venezuela
do. _
1
2
»• Revised.
* Preliminary.
Data include Southern British Africa.
For Colony of Singapore only. 3 Less than $50,000.
JRevisions for balance of payments for 1919-56 appear in the 1958 Balance of Payments Supplement. Revisions for following periods will be shown later: 1st qtr. 1957 for balance of payments; January 1956-January 1957 (general revisions in both exports and imports); July-December 1955 and January-May 1954 (total exports and certain components only); also for 1941-54,
private relief shipments of food products, formerly included with finished manufactures, have been shifted to the manufactured foodstuffs class.
©Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing.
d*Excludes military expenditures.
fRevised series; see similar note in September 1958 SURVEY.
^Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
fData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. dol.): October 1957-October 1958, respectively—74.1; 86.8; 95.3; 108.7; 99.5; 114.5; 121.7; 131.4; 98.7; 129.0; 113.2; 121. 6; 181.3.
AExcludes "special category" shipments.
9Includes countries not shown separately.
:::::::
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December 1958
1957
1958
October Novem- December
ber
January
February
March
April
May
June
August Septem- October November
ber
July
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value!— Continued
Exports of U S merchandise total^f
mil of dol
By economic classes:
Crude materials - . _ _
_ _ - do .
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures 9
do
Finished manufactures 9
-do
By principal commodities:
Agricultural products, total©
do
1, 660. 3
1,668.3
1.626.2
1,495.0
1, 334. 1
1,541 2
1 516 3
1,623 3
1 395 9
1 405 3
1 381 4
258.8
99.7
95.0
231.7
975.1
248.9
100.6
87.7
223.9
1, 007. 3
252. 1
105.2
99.9
208.5
960.5
199.2
105.1
75.9
186. 5
928.3
159. 9
89.4
79.9
168.1
836.7
178.3
87.5
101.5
192.7
981.2
174.8
104.9
92.8
187.4
956.5
188.5
100.2
110.4
207. 5
1, 016. 6
175.5
112.5
103.3
168.9
835.8
184.0
104 4
88 4
169 2
859 2
160.4
120 0
77.3
186 5
837.2
160.7
108 8
88.7
183 8
809 7
199.1
114 9
104.4
222 4
943.6
1 351 8 1 584 0
Nonagricultural products, total 0
Automobiles, parts, and accessories
Chemicals and related products§
Coal and related fuels
Iron and steel-mill products
371.4
368.5
394.2
324.1
285.3
315.8
315.8
344.4
327.8
315 3
293.4
297 2
357.8
-
do
do
do
do
do
72.8
36.9
97.4
21.4
61.8
79.8
31.1
102.1
22.8
41.4
95.0
28.6
104.5
22.3
39.4
79.5
25.0
107.0
18.5
24 2
66.8
30.9
92.5
1Q 3
22.7
70.4
35.7
93.5
20.0
31.3
73.0
28.9
112.3
16.0
21.8
76.7
34.4
95.1
21.2
25.7
61.5
37.7
111.8
17.6
30.9
64
30
109
19
32
1
9
4
7
0
28.4
28 2
120.4
18 0
36.3
30 2
31 6
110 4
18 9
52 6
25.1
40 4
117.3
22 1
71.3
_
Cotton, unmanufactured __
Fruits vegetables, and preparations
Grains and preparations
Packing-house products
Tobacco and manufactures
do
1, 288. 9
1, 299. 9
1, 232. 0
1,171.0
1, 048. 8
1, 225. 4
1, 200. 5
1, 278. 9 1,068.1
1,090 0
1, 088. 0
1 054 6
1, 226. 5
_
do
do
do
do
100.7
117.1
70.9
106.0
130.9
115.7
58.3
93.7
140.7
110.6
55.4
83.8
118.7
104.2
46.4
74.9
109.5
106.8
34.0
59.6
121.3
120.2
39.8
66.6
122.2
114.2
46.1
66.2
131.5
127.9
46.0
61.9
99.7
113.3
50.5
44.5
92 6
109 2
45 4
42 1
84.1
109 7
55.6
42.6
80
106
47
46
5
5
9
9
97.3
119.9
47.6
60.1
do
Petroleum and products
Textiles and manufactures
358.4
339.2
332.5
295.9
363.9
346.6
368.2
319.4
312 4
298.9
288 7
316.2
8.3
30.1
87.8
23.8
185. 5
7.1
26.5
103.1
26.8
180.8
7.6
23.3
86.9
27.9
179.8
9.0
27.3
81.5
24.8
174.2
10.0
27. 1
72.1 !
18.9
155.9
13.2
31.5
88.7
27.8
186.3
13.9
29.9
28.1
174. 1
14.8
31.6
88.7
35.4
181.4
10.9
29. 1
79.3
28.6
158.0
10 3
28 5
80 2
28 9
151 9
8.7
23 3
76.2
27.7
150. 3
8
22
80
22
14]
1
5
2
5
7
7.9
24 1
89.2
27.6
152.7
do
do
Agricultural
Tractors parts and accessories
Electrical
Metalworking^
Other industrial
349.8
do
do
do
do
do
Machinery total^©
60.9
56.7
64.9
58.3
52.4
55.3
44.3
47.0
41.4
48.6 i
45.9
59. 1
50.8
62.6
50.8
52.8
39.1
43.8
50.4
40 4
52.9
46.9
44 7
46 7
49.0
54.8
1, 036. 6 °1 050 0
952.5
1 115 9
1,147.9
1, 043. 2
1,141.1
1, 095. 3
961.5
1,071.1
1, 057. 2
1, 063. 0
do
do
do
44.1
207.3
294.5
44.3
164.8
259.2
53.4
187.3
281.3
61.5
185. 8
265. 2
47.6
154.8
245.5
62.1
196.3
257. 5
57.8
180.5
258.7
45.1
175.6
270.6
45.2
185.9
246.9
41.7
184.3
286. 1
25.7
' 182. 2
252.4
Northern North America -do
Southern North America
do
South America
- - do
By leading countries:
Africa:
United Arab Republic (Egypt Region) do
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
British M^alaya
do
India and Pakistan
do
Japan
do
274. 5
113.6
214.0
236.4
123.3
215.3
235.4
136.8
247.0
206. 1
173.3
203.4
186.3
143. 8 i
183.5
215.4
157.7
182.1
207.5
171.5 !
181.2 i
219.9
156.6
195.3
236.0
149.6
173.0
235.2
151.0
184.9
210.0
110.8
171.5
1.2
6.5
2.3
5.6
1.4
8.9
6.9
i 10.9
.3
18.1
.3
i 10.4
.5
8.6
.6
i 7.5
1.7
19.3
6.0
73
.6
!4.3
7.8
17.3
16.2
49.1
18.0
13.6
8.3
12.7
21.8
51. 5
21.5
18.0
9.3
23. 1
25. 6
57.0
13.1
19.1
7.3
23.4
19.4
41.6
12.2
16.6
10.8
2. 2
17.4
49.3
14.3
26.0
9.1
22.9
13.1
52.3
18.1
25.9
7.2
do
11.3
18.0
19.8
59.3
21.3
19.5
15.3
60.6
9.9
30.7
4.6
22.3
14.6
60.8
11.4
24.5
do
do
do
do
do
do
21.9
.4
64.8
24.9
2 3
71.3
20.0
.4
50.5
20.4
.2
67.7
23.1
.5
57.6
23.5
.6
61.7
22.2
.6
50.4
23.7
.7
63.4
21.7
.7
48.2
19.5
.4
59.9
28.5
.8
54.4
23.1
3.4
78.7
24.3
1.1
48.8
23.2
2.0
61.3
do
do
274.3
298.5
8.8
64.1
14.7
26.5
37.4
31.6
73.2
1, 155. 0
236.3
305.8
7.6
67.7
15.3
38.2
31.9
34.3
63.5
1, 037. 3
235.3
351.0
10.5
84.6
15.4
33.4
23.4
47.2
78.4
1, 133. 5
235.9
235.0
279.6
292.8
8.0
10.0
47.7
35.6
12.1
10.3
17.1
33.1
51.8
50.9
30.4
34.5
71.2
74.5
1, 018. 5 °1, 045. 0
209.4
248.4
8.7
36.2
13.3
29.1
40.0
25.0
64.6
963.8
295.4
161.3
119.9
245.1
333.3
243.5
192. 1
98 5
217.7
285.5
328.5
7.1
103.2
4.0
32.1
33.8
14. 7
826.5
4 1
107 3
29 4
88
32.5
59.6
137.0
331 4
7.9
132.0
3.1
27.6
22.8
11.9
706.0
33
103 2
26 1
8.3
26.5
51.0
119.9
General imports total
By geographic regions:
Africa
Asia and Oceania
Europe
mil of dol
--
--
Republic of the Philippines
Europe:
France
East Germany
\Vest Germanv
Italy
*
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Latin American Republics total®
- -
Brazil
Chile
do
do
Cuba
M^exico
do
do
tsfor ons m tion total
By economic classes :cT
Crude materials
Crude foodstuffs
Semimanufactures
mil of dol
do
do
do
By principal commodities :_T
Cocoa (cacao) beans incl shells
do
Coffee
do
Hides and skins
do
Rubber crude including guayule
do
Sugar
do
~Woo\ and mohair unmanufactured
do
Nonagricultural products total©
do
JUT a n a a
c
_________
________
Tsonierrous ores, meiais, an
.,
~r\o
e
„. PP 'i~j. '
flQ
Paper base stocks
do
Newsprint
do
Petroleum and products
do
1
1
10.8
2.0
24.1
51.6
16.0
25.7
6.9
22.7
18.0
49.9
13.1
25.5
20.7
.6
42.3
16.3
.8
65.5
18.8
.1
52.4
19.5
1.5
74.8
22.5
.3
52.0
19.9
1.1
64.7
22.2
.3
51.1
18.7
2.1
71.9
206. 1
333.7
8.3
53.4
12.7
23.8
46.3
45.7
86.2
1, 109. 0
186.3
295.2
8.6
43.5
13.2
29.6
46.2
39.6
71.8
956.4
215.4
303.9
12.4
35.0
12.8
28.6
52.9
41.2
75.0
1,064.6
207.4
314.4
11.8
46.2
14.7
21.0
48.8
51.2
71.1
1, 047. 2
219.8
315.1
13.7
59.2
8.7
26.6
43.8
47.8
68.6
1, 053. 2
272.4
223.6
101 3
241.1
295 1
283.7
186.6
109.1
220.3
309.3
218.3
157.1
104.9
202.8
273.2
228.5
170.4
128.3
228.5
309.0
218.6
182.7
126.7
211.0
308.2
217.3
181.5
128.8
207.0
318.6
220.6
134.8
133.2
215.8
314.1
214.4
146.9
147.1
216.5
353.6
221.9
120.4
119.6
197.9
304.1
376 1
24 5
144.9
3.7
31.4
19.3
11.2
757.4
16 8
113 9
26 2
4 5
22.9
50.2
137.3
356.4
18.3
116.1
3.6
25.1
43.4
17.6
752.6
14. 1
114 4
40 1
5.9
22.1
50.5
154.0
307.2
18.8
94.6
3.4
25.1
44.2
12.4
649.2
99
79 1
24.8
5.9
24.1
46.2
126.4
339.4
20.4
93.0
4.2
21.9
54.9
16.4
725.3
6 4
100 3
26 2
10.8
25.6
48.7
137.1
348.2
15.6
116.5
6.4
18.6
50.9
15.5
699.0
7.7
99 5
26.5
9.2
23.6
53.1
127.1
342.5
13.4
118.8
4.6
16.3
43.9
11.8
710.8
4.4
88 0
18.2
9.6
22.7
52.8
119.8
290.1
13.8
76.5
5.0
13.7
52.1
10.4
728.4
3.7
94 3
29.1
13.0
27.8
51.7
141.2
313.3
12.5
87.2
5.2
12.3
53.4
10.5
765.2
6.0
68 4
9.8
4.5
25.0
51.9
141.1
284.7
5.1
73.2
4.7
19.1
41.4
9.2
679.1
3.6
57.6
'7.3
7.2
25.5
46.1
123.8
2
2
21.5
1,113.6
6.2
83.5
3.5
20.2
43.5
11.3
4.8
93 8
8.6
7.7
28.5
48.7
129.1
r
l
2
Revised.
*> Preliminary.
Data include Southern British Africa.
For Colony of Singapore only (imports from Federation of Malaya, formerly included, totaled $7.6 mil. in Janur 1958).
« Adjusted for difference in carryovers; detail not adjusted.
JSee similar note on p. S-21.
KSee similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
©Includes data not shown'separately.
§Excludes "special category, type 1" exports.
cTSee similar note in September 1958 SURVEY.
SUEVEY OF CURRENT BUSINESS
December 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-23
1957
October | No b ™ m -
1958
December
January
February
March
April
May
June
July
August Septem- October
ber
November
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown, revenue
Express and freight ton-miles flown Mail ton-miles
flown
Passengers originated, revenue
Passfvnffer-rniles flown, revenue
thousands
do
do
do
millions
61, 398
24, 080
8,214
3,483
2,015
57, 522
20, 684
7,761
3,113
1,790
61, 637
21, 730
11, 082
3,274
2,031
61, 558
20, 599
8,275
3,341
2,072
53, 713
19, 193
7,829
2,889
1,716
59, 455
21. 904
8,629
3,274
2,003
58, 833
21, 063
8,693
3, 339
2,028
60, 353
22, 613
8,622
3,274
1,963
62, 151
22, 660
8,038
3, 575
2,280
64, 015
22, 821
8,277
3,454
2,236
64, 195
28, 224
8,099
3,662
2,381
61, 695
28, 188
8, 190
3,433
2, 100
thous of dol
do
34, 039
12, 779
31, 469
9,535
38, 072
13, 115
28, 265
6,997
25, 781
4,865
29,931
9,117
29, 428
9,270
28, 553
8,478
29, 667
10, 095
27, 477
8,309
30, 449
10, 474
33, 940
12, 268
16.0
r
711
114.3
16.0
675
112.4
16.1
701
118.0
16.2
677
111.7
16.2
615
102.7
16.2
681
111.7
16.4
677
113.2
16.4
683
113.0
16.7
622
104.6
16.9
595
105.4
17.0
590
104.5
Express Operations
Transportation revenues
"Express privilege payments
Local Transit Lines
Fares, average cash rate©
cents
Passengers carried, revenue
millions
Operating revenues©
mil. of dol
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
Number of reporting carriers
Operating revenues, total
thous. of dol
Expenses, total
do
Revenue freight carried
thous. of tons__
836
995,146
987, 067
61,454
__ ._
Total, seasonally adjusted©
Coal
Coke
Forest products
__
_
2,221
461
33
132
2,164
457
28
136
2,108
427
28
139
2, 702
533
30
166
2,105
366
21
131
2,729
467
26
169
2,489
467
23
148
2,138
259
20
128
3,146
560
29
192
2,570
460
28
156
2,733
477
31
161
3, 135
583
42
190
211
49
289
220
1,419
254
47
191
249
1,626
213
21
64
173
1,123
208
21
63
166
1,086
196
17
54
179
1,067
244
24
74
239
1,391
200
20
56
185
1,126
230
27
149
218
1,443
242
18
208
178
1,207
265
15
204
164
1,083
317
24
276
237
1,511
214
34
221
200
1,256
264
50
210
191
1,349
291
40
174
218
1,596
123
112
125
121
114
108
121
116
102
99
107
112
99
97
92
115
93
89
88
111
94
85
75
108
93
75
65
106
97
79
67
112
106
93
71
118
97
62
67
110
107
93
75
125
114
99
92
131
117
98
99
131
112
100
112
125
do
do
do
do
do
147
89
245
35
134
148
65
127
32
126
155
39
59
28
110
152
38
56
28
106
136
31
48
29
101
138
34
52
30
105
140
37
50
29
107
131
38
112
28
111
172
32
182
28
114
196
28
188
27
107
173
35
194
30
114
158
64
202
33
124
118
88
179
30
127
166
55
119
28
124
-do
do
do
do
114
112
127
115
112
108
121
118
110
99
102
125
109
97
87
128
101
89
83
115
100
85
74
108
95
75
67
106
97
79
68
108
103
93
73
114
93
62
69
110
104
93
79
119
106
99
93
121
109
98
101
124
110
100
112
128
147
57
152
33
123
151
52
152
32
121
165
41
192
30
117
152
40
222
29
116
139
38
191
30
110
150
44
181
30
108
159
42
70
29
108
149
42
70
28
110
169
37
118
28
110
164
37
117
27
106
160
36
129
30
113
141
49
134
31
115
118
57
'122
29
117
169
43
122
28
119
12, 781
5, 913
133
19, 965
9,275
2,376
54, 072
18, 237
23, 057
105, 263
35, 032
52, 482
112, 229
34, 259
57, 700
110, 576
33, 844
58, 148
124, 247
37, 036
67, 579
129, 834
45, 808
63, 514
83, 218
39, 354
29, 433
92, 047
29, 034
46, 830
61, 094
17, 558
28, 959
33, 307
9,750
11,903
18, 030
4,266
4,738
17, 173
2, 935
5, 260
1,480
518
903
245
127
92
29
23
0
46
18
1
67
4
17
160
31
0
19
8
0
35
6
21
614
399
183
569
525
17
1,577
1,441
60
2,694
2,096
537
6,402
5,217
1,017
2, 316
1,794
442
928. 6
801. 3
52.5
697.6
829.9
710.3
52.9
666.0
824.8
676.5
65.0
683.6
778.4
660.2
57.7
650.0
692.8
589.9
48.7
599.4
767.6
655.0
50.5
623.6
743.7
630.8
51.5
609.9
758.9
643.7
53.6
621.4
791.6
666. 0
63.0
620.4
779.5
648.5
65.4
627. 4
833.6
700.0
64.1
629.9
846.9
724.5
52.1
630.1
903.0
772.2
50.5
130 I
r 99.7
79.8
99 7
64.2
45.2
82 1
59.0
73.6
96 6
31.8
16.7
84 4
8.9
100 0
44.0
24.5
96 9
36.9
16. 7
93 6
44.0
27.3
104 1
67.2
49.4
100 5
51.6
30.9
111 9
91.8
74.5
123.3
93.6
72.7
114.7
*10.7
55 629
1.473
1 821
50 192
1.462
1 776
45 995
1.504
2 259
46 508
1.468
1 966
41 300
1.472
1,621
46 592
1.454
1 719
43 002
1. 503
1,764
46 335
1.443
1,831
47 n3
1.458
2 212
43 945
1.516
2,396
51 174
1,417
2,368
50 164
14 169
11 359
2,810
12 774
10 238
2,536
11 912
9 894
2,018
11 571
9 547
2,024
9 759
7 910
1,849
11 680
9,550
2,130
11 692
9,546
2,146
13 107
10, 588
2,519
12 724
10, 430
2,294
4,305
929
3,994
832
4,058
892
3,735
813
3,420
771
4,055
950
3,863
953
4,072
930
3,911
1.087
4,102
1.087
4,086
986
3,494
949
Car shortage, total 9
do
Boxcars _ _ _
_
_ _ _ _ _ do
Gondolas and open hoppers
do
Financial operations:
Operating revenues, total 9
m1'! of dol
Freight
do
Passenger
do
Operating expenses
do
Tax accruals, joint facility and equipment rents
do
do
Revenue per ton-mile
cents
Passengers carried 1 mile revenue
millions
Waterway Traffic
Clearances, vessels in foreign trade:
Total U S ports
thous of net tons
Foreign vessels
do
United States vessels
do
Panama Canal:
Total
thous of long tons
Tn TTnitfvl St.at.os vpsspls
r
d
141
106, 509
94, 597
60 532
3,223
635
47
175
Grain and grain products
do
Livestock
__ .do
Ore
do
Merchandise, 1. c. L _ _
do
Miscellaneous©
- _ - -_ _ - _ _ -do_
Freight-car surplus and shortage, daily average:
Car surplus, total 9
_-- -- number- _
Boxcars
_
_
do
Gondolas and open hoppers
_ _. ._ _ do _
Net railway operating income
Net income \
Operating results:
do
r
r
Revised.
Deficit.
* Preliminary.
©Revisions for 1956 for average cash fares are shown in the January 1958 SURVEY and for operating revenues, in the April 1958 issue.
o^Data for November 1957 and March, May, August, and November 1958 cover 5 weeks; other months, 4 weeks.
©Revisions for February and March 1955 and 1956 appear in the April 1958 SURVEY.
9 Includes data not shown separately.
I Revisions for August and September 1957, $79,700,000 and $64,000,000, respectively.
17.2
695
2,920
543
40
148
Grain and grain products
do
Livestock.
do
Ore
_ . do
Merchandise, 1. c. 1
do
Miscellaneous
. _
do
Freight carloadings (Federal Reserve indexes):
Total, unadjusted
1935-39=100
Coal
do
Coke do
Forest products
do
Grain and grain products
Livestock..
_
Ore
Merchandise, 1. c. 1
Miscellaneous.
143
83, 113
87, 205
55 077
17.1
641
104.8
875
939, 824
901 029
57, 750
148
97, 625
92, 328
64 735
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues, total
thous. of doL_
Expenses total
do
Revenue passengers carried
thousands
Class I Railways
Freight carloadings (A. A. R.):c?
Total cars
thousands
Coal
do
Coke - - - _ - _ _ _ _
_
do
Forest products
do
878
885, 162
877, 857
56, 268
!
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December 1958
li)57
1958
October Novem- December
ber
January
February
March
April
May
July
June
August
S
TT| October
November
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
\verage sale per occupied room
dollars
Rooms occupied
percent of total
Restaurant sales index
same month 1929~~100
Foreign travel:
U S citizens' Arrivals
number
Departures
do
Aliens: Arrivals _
_
_ _ do _
Departures
do
Passports issued and renewed
do .
National parks, visitors
thousands
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
_
thous of dol
COMM UNIC ATIONS
Telephone carriers:
Operating revenues 9
thous of dol
Station revenues .
__ __ _. do
Tolls, message
do
Operating expenses, before taxes
do
Net operating income
do
Phones in service, end of month
_
thousandsTelegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous of doL
Operating expenses incl depreciation
do
Net operating revenues
do _
Ocean -cable:
Operating revenues
do _
Operating expenses incl depreciation
do
Net operating revenues
do
Radiotelegraph :
Operating revenues
do
Opera tins expenses, incl depreciation
do
Net operating revenues
do
9.01
77
272
8 81
67
262
7.98
54
241
8 31
68
259
8.31
69
254
8.04
67
243
8 68
69
265
8.15
68
303
8 73
69
280
8 17
60
242
9 14
65
262
884
69
266
9 37
75
275
119, 148
95, 824
81, 104
55, 740
30, 387
1,073
95 909
79, 431
68, 036
49, 478
26, 262
430
93, 952
100, 117
67, 926
61, 308
28, 419
342
95, 814
107, 711
66, 587
37, 206
48, 238
382
93, 460
100, 548
56, 307
45, 516
56, 521
371
109,116
113, 162
77, 174
57, 642
75, 652
410
105, 173
117,156
77, 151
60. 139
99, 054
687
117,417
134, 768
86, 398
70, 774
88, 168
1,350
141,362
196, 429
91. 989
86, 052
73, 251
3,095
179 863
195 209
102, 541
82, 834
59, 062
5 116
46, 924
5,507
38, 039
2,026
33,715
1 297
399
6,062
364
5,522
420
6,382
462
7,044
374
5,765
381
5,938
359
5,585
345
5,376
397
6,153
337
5, 209
346
5,347
283
4,389
573, 410
325, 268
197, 052
381, 304
80, 690
55, 309
564, 297
325, 853
187, 067
366. 209
83, 700
55, 536
579, 975
331, 492
196, 124
392, 194
79, 545
55, 781
577, 513
333, 297
191, 674
381,312
79, 442
55, 959
559, 574
330, 850
176, 685
358, 127
81,826
56, 101
579, 203
333, 729
192, 665
374, 632
84, 489
56, 244
582, 147
336, 933
192, 266
371, 723
87, 478
56, 426
589, 161
338, 344
196, 798
369,177
93, 071
56, 635
590, 595
339, 292
197,218
360, 538
97, 391
56, 834
595, 002
337, 800
203 105
370, 246
93 851
57, 044
599, 589
339, 333
204, 719
362, 219
99, 959
57, 269
601, 052
343, 959
201, 615
363, 844
100, 471
57, 563
20, 970
18, 412
1,731
18, 745
17, 533
451
20, 330
17, 941
2,075
19,467
17, 972
497
17, 952
16. 489
536
19, 360
17, 413
986
19, 698
17, 770
1,032
19, 961
18, 070
977
20, 229
18,011
1,335
19, 789
18 825
94
20, 981
18, 483
1,679
21, 276
18, 873
1, 726
3,243
2 282
655
2,995
2 322
389
3,206
2,387
463
3,188
2,415
464
2,891
2,200
418
3,071
2,288
500
2, 854
2,213
361
2,946
2,394
283
2,899
2,245
382
3,029
2 501
247
3,600
2,771
718
3,260
2,648
512
3,439
2,895
443
3,432
2, 815
503
3,101
2,646
342
3,343
2,737
493
3,340
2,705
522
3,508
2,814
574
3,395
2,725
551
r
2, 575
2,362
d
1,0
2,830
2,211
357
3,578
2, 851
619
3,588
2,686
798
3, 645
2,837
701
280.6
72 4
92.6
293.6
65.7
304.8
76 5
75.4
304. 1
66.9
27,829
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: \
Ammonia, synthetic anhydrous (commercial)
thous of short
Calcium carbide (commercial)
Carbon dioxide liquid gas, and solid
Chlorine, gas
Hydrochloric acid (100% HC1)
tons
do
do
do
do
10 °44
8 932
9,801
J04 543
123, 410
22, 909
18, 692
r 56, 928
105
18, 665
30. 317
324.4
87 0
60.0
324.4
78.3
326. 9
81.5
58.1
311.6
76.4
286.7
66.8
51.9
267.5
64.8
339.0
75.8
59.8
288.8
66.1
' 329. 8
70.5
62.1
277. 5
65.6
348.2
73.5
73.6
287.9
67.7
336.3
59.7
84.7
279.6
64.3
294.7
63.4
92.2
283.4
60.3
234.7
2 842
131 4
255.9
2,654
126. 7
252.1
2,650
143.2
213.3
2 559
135. 1
242.1
2 592
155.2
235. 5
2,583
157.1
210.1
2,983
153.2
175.5
3, 067
139.3
191.8
2,874
139.8
404. 1
8.7
363 7
86 6
70 4
340.3
81 1
254. 6
Nitric acid a
(100% HNOa)
do
3 018
Oxygen (hi h purity)
mil of cu ft
141 7
Phosphoric acid (100% P20s)§ thous of short tons
Sodium carbonate (soda ash), synthetic (58% Na2O)
406 2
thous of short tons
9.0
Sodium bichromate and chromate
do
377 2
Sodium hydroxide (100% NaOH)
do
Sodium silicate, soluble silicate glass (anhydrous)
58 5
thous of short tons
Sodium sulfate (Glauber's salt and crude salt cake)
73 3
thous of short tons
Sulfuric acid:
Production (100% H2S 04)
._ _ _ ._ --do __. 1, 440. 7
Price, wholesale, 66°, tanks, at works
22.35
dol per short ton
Organic chemicals: cf
Acetic acid (synthetic and natural), production
48, 168
thous of Ib
84 238
Acetic anhydride production
do
1 907
\Cftvlsalicylic acid (aspirin) production
do
Alcohol, ethyl:
r
40, 619
Production
thous of proof gal
' 24, 456
Stocks end of month total
do
r
20, 375
In industrial oralcohol bonded warehouses do
4 081
In denaturin plants
do
41, 087
Used for denaturation
do
942
Withdrawn tax-paid
do
Alcohol, denatured:
22 218
22, 985
Consumption (withdrawals)
do
4,978
Stocks end of month
do
Creosote oil production
thous of gal
DDT production
thous o f l b
Ethyl acetate (85%) Droduction
do
Ethylenc glycol production
do
Formaldehyde (37% HCHO) production
do
Glycerin, refined, all grades:
Production
do
Consumption %
do
Stocks end of month J
do
Methanol, production:
Naturul
thous of gal
Synthetic
do
Phfhalir> nnhvrlrirJp nrndnntinn
t, hons o f l b
315.3
86 5
59.6
324.1
78 6
327 5
372.6
9.5
363. 2
362.8
8.8
353.9
346.4
7.2
309.2
oyo n
340. 0
6.4
322.0
346.0
8.8
331.0
338.4
7.7
318.4
345.5
3.8
317.4
!38. 6
!
*32.8
130.3
47 7
43.3
i 41.3
i 40.4
8.0
333.2
1
46.6
34. 6
71.9
67.9
70.0
60.8
69.8
65.9
60.5
53.2
55.4
1, 325. 7
1, 307. 3
1,351.2
1,214.1
1, 363. 7
1, 296. 9
1, 309. 8
1, 216. 2
1, 207. 5
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
22.35
47, 259
85 266
1 774
48, 829
86, 675
2,034
47, 517
80, 808
2, 144
39, 710
78, 233
1,778
40, 210
71, 259
2 022
40, 791
67, 258
1,910
44, 279
76, 586
1,759
47,906
89, 871
1,695
42 654
27, 775
23, 460
4 315
38, 319
1, 163
41, 373
33, 582
29, 296
4,287
35, 674
741
46, 363
36, 190
31, 694
4, 496
40, 651
758
39, 345
29, 923
25, 740
4.183
35, 535
1,050
42, 733
30, 444
28, 033
2,410
39, 009
763
42, 146
31,631
29, 016
2,615
40, 413
882
44, 048
35, 551
32, 504
3,048
39, 499
898
20 672
21, 808
3,870
19 290
19, 676
3, 571
21 885
21,895
3,470
19 122
19, 473
3,228
20 990
20, 412
3,868
21 756
20, 925
4,436
9 936
9 017
9,002
106 358
117 081
9 729
8,870
9,074
103, 997
104,466
8 506
10,451
6,281
106, 806
111,467
7,339
10,793
5,314
94, 875
104,663
8 540
11,881
6,198
89, 167
110, 881
19 799
16,211
57, 855
20, 465
14,470
61, 149
18.822
15, 658
61, 429
17,840
14, 731
62, 163
134
17, 747
31.231
148
19, 588
31.913
165
18, 197
25. 436
167
16, 965
22. 638
T
r
196.9
3,315
133. 4
375.7
'7.8
325. 0
r
r
335 1
76.7
223.7
3 497
138. 7
251.5
366.7
9.8
330. 3
r
393.9
1 40. 0
146.0
367.8
!38. 7
60.2
r
321.4
81.8
72.4
1, 231. 8 '1,259.3
1. 442. 5
22.35
22.35
P 22. 35
48, 148
80, 769
1,602
50, 791
86, 445
1,372
53, 644
90, 452
1 456
38, 858
37, 738
35, 113
2,624
35, 802
800
39, 339
37, 757
34, 840
2,917
36, 320
600
39, 751
38, 669
36, 100
2,570
38, 389
625
38, 136
30, 754
27,712
3,042
43, 741
725
40, 470
26, 569
23. 225
3.344
41, 875
583
21 230
20, 041
5,949
19 288
19, 352
5,865
19 598
18, 831
6,808
20 620
19, 549
7,794
23 630
24, 483
6,974
22 647
22, 731
7,017
8.509
11, 351
3,879
84, 730
98, 319
8,634
12, 185
5, 764
89, 542
103, 721
9, 354
12, 173
6, 548
88, 210
108, 888
8,471
12, 722
6, 872
99, 151
87, 472
r 9. 155
11,197
8, 552
88, 983
117,207
8,520
12, 291
9, 654
89, 410
134,494
18,112
15, 602
60, 416
15, 902
16, 391
56, 232
15, 742
16, 383
52, 698
17, 944
16, 394
49, 737
15,331
15, o02
46, 324
17,902
16,317
43, 087
19, 354
17, 224
40, 622
196
18, 585
27. 340
180
16, 430
24. 090
195
19, 162
23. 904
175
16, 092
23, 426
153
17, 034
24, 107
149
18,268
21, 830
149
20, 151
25,300
23. 464
18, 997
40, 403
d
l
' Revised.
» Preliminary.
Deficit.
Excludes quantities produced and consumed in making meta, ortho, and sesquisilicates.
9 Includes data not shown separately.
^Revisions to be published later are as follows: Inorganic chemicals, 1956 and January-July 1957 (also 1955 for phosphoric and sulfuric acid): glycerin, January-April 1957 for consumption
and January-September 1957 for stocks.
§New basis; to convert data on old basis, multiply by .3622.
c^Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
December 1958
S-25
SUBVEY OF CUREENT BUSINESS
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1958
October Novem- December
ber
January
February
March
April
May
June
August September
July
October
November
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
thous. of short tons 411
464 974
short tons
_
do_
89, 941
do
327 238
_ .
.
do_
20, 608
334
392 048
70, 852
264 064
41, 859
361
72
272
7
287
631
221
165
722
310
60
216
16
314
929
753
263
992
289
80
176
17
432
916
534
185
508
1,107
361 372
40 681
254 519
54 118
1,644
480 615
56 565
349 904
52' 547
1,313
440 893
30, 582
340 998
53 391
901
492 271
54, 721
389 777
37, 403
279
534 793
35, 378
435 342
55, 605
200
486 231
45, 502
391 706
38, 256
Im ports, total 9 -- _ _ _ _ _ _ _
d o _ _ 192, 190
Nitrogenous materials, total 9
do
106 965
Nitrate of soda _
_
do_
21, 724
Phosphate materials
do
17 838
Potash materials __
do
41, 720
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
port warehouses _
_
dol. per short ton
205, 134
155 271
88, 290
10 079
22, 839
211, 548
160 757
50 771
9 439
26 194
298,
220
36
14
39
502
121
109
813
905
224,
137
33
7
49
835
632
552
926
451
374,
158
32
10
30
262 087 158, 349
87 726
138 293
39 395 i 36 903
8 547
6 392
7,494
55' 731 :
139, 356
91 075
52, 527
7 169
11, 858
109, 724
73 692
39, 458
6 795
9,618
174, 920
107, 992
27, 279
10 294
36, 820
49.75
49 75
49 75
49 75
49 75
49 75
49 75
49 75
49.75
49 75
49.75
•p 49. 75
Potash deliveries
. short tons
113, 306
Superphosphate (100% available phosphoric acid) :
Production _ _
_
short tons _ 218, 245
Stocks end of month
do
342 657
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of Ib
299
High explosives
__
. _ __
_
do_ _ 82, 141
Sulfur (native):
462
Production
_. _
- thous. of long tons
4,305
Stocks (producers'), end of month
do
160, 852
124, 833
173 131
153 573
245 330
314 277
151 371
57, 283
114, 434
221, 480
115, 781
205, 581
207, 990
375 678
213, 861
407 022
222 379
417 59S
210 399
410 915
229 982
358 747
241 668
274 457
232, 805
267 418
172, 722
315 581
160, 078
369 667
146, 254
362 905
168, 377
333 193
352
69, 603
340
68, 154
293
64 719
259
58 393
190
61 394
106
64, 580
91
66, 327
132
68, 234
193
61, 432
238
73, 594
305
77, 177
269
79, 494
446
4,355
472
4 423
461
4 540
415
4 621
429
4 621
403
4 638
415
4 620
384
4 662
359
4,721
356
4,666
336
4, 652
348
4, 530
23, 132
17,810
19, 763
24 755
20 791
23 458
25 698
25 430
23 927
22 503
22 900
20 691
22 592
21 443
20 933
27, 379
24 376
24 047
25, 253
23 535
23, 812
24, 348
24 859
20, 838
28, 112
28 926
19, 246
27, 242
25, 023
18, 962
31,717
29, 979
21,232
211, 279
141, 343
270, 070
231 653
148, 147
267 193
203 628
126, 104
244 655
193 459
135, 987
230 809
199 340
129, 185
233 836
205, 720
128, 091
229, 349
199, 863
127, 154
240, 242
204, 902
114, 480
244, 046
211, 439
139, 076
233, 414
208, 670
148. 658
223, 785
244, 362
148, 649
2bl,264
' 6, 420
12, 071
78, 480
384
10, 209
71 148
440
9,619
66 532
647
10, 790
59 032
1 547 1 16 248
9,320
8 576
84 732
78 123
26 791
9,064
96 601
28 497
9,079
105 984
30, 888
10, 645
113, 242
T
27, 854
* 12, 875
113, 333
1,883
11,582
118, 968
'418
'651
'429
614
606
528
540
552
559
526
565
511
568
450
539
457
464
495
502
489
527
725
610
r
r
676
325
659
337
648
348
668
411
641
431
592
395
526
351
521
312
507
251
430
214
481
232
Consumption (10 States) ©
Exports total 9
Nitrogenous materials
Phosphate materials
Potash materials
__ -
303
364
862
759
786
r
r
340
477, 045
25, 558
399, 136
46, 594
T
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats and greases: eft
Tallow, edible:
Production
_
_ _. _
thous. of Ib
Consumption, factory^
do
Stocks (incL refined grades), end of month do
Tallow and grease (except wool), inedible:
Production
_
do
Consumption, factory4!..
_
_
do
Stocks (excl. refined grades), end of month do._
r
r
25, 786
23, 046
23, 912 r 23, 199
13, 352
13, 901
237, 040
223, 282
165, 092 ••146,151
239, 287 249, 102
Fish and marine mammal oils:At
' 24, 496
Production
do
Consumption, factory
... . _ ... do __ r 13, 497
Stocks end of month
do
92, 372
Vegetable oils, oilseeds, and byproducts:^
Vegetable oils, total:
"•582
Production, crude
__ __ ._ _mil. oflb
Consumption crude, factory
do
M61
Stocks, end of month:
••522
Crude
do
269
Refined
_ _ . _ do _
Exports .
.
Imports total
Paint oils
All other vegetable oils
-.
_
r
10, 056
10, 384
89, 110
r
r 585
610
306
r
93, 305
43, 555
1,885
41 670
130, 156
50 799
987
49,811
89, 169
49 254
1, 795
47 459
44, 651
30 341
3,496
26 845
78, 361
45 799
1,009
44 789
78, 947
28 348
1,041
27 307
227, 641
55, 750
17, 460
38 290
130, 874
34, 301
1,731
32, 570
80, 536
57 325
838
56 487
105, 692
41, 963
1,982
39, 881
114, 613
32, 450
23 979
36, 483
32, 554
20, 334
18 122
16, 416
22, 333
10 761
12, 857
27, 108
9 602
29, 668
31, 006
13, 226
32, 425
28, 675
14, 512
28, 440
26, 329
16 221
23, 557
30, 079
11, 760
24, 694
27. 376
15, 283
28, 942
8,348
30, 183
31, 469
16 721
32, 120
41, 588
51 702
r
55, 146
39, 887
1,157
38 730
32, 627
15, 065
39, 410
thous. of lb_
do
do
do
Copra:
Consumption, factory
short tons
Stocks, end of month
do
Imports
do__
Coconut or copra oil:
Production:
Crude
thous. oflb
Refined
do
Consumption, factory:
Crude
do
Refined
_ _
do
Stocks, end of month:
Crude
_
do_ _
Refined
do
Imports
-. ...
do__ _
Cottonseed:
Receipts at mills
_ thous. of short tons
Consumption (crush)
do
Stocks at mills, end of month...
do
Cottonseed cake and meal:
Production
short tons
Stocks at mills, end of month...
. do __
Cottonseed oil, crude:
Production
thous of Ib
Stocks, end of month _.
___ ___ do __
Cottonseed oil, refined:
Production
do
Consumption, factory. _
do
In margarine
do
Stocks end of month
mil of Ib
Price, wholesale, drums (N. Y.)__ - _ dol. per lb__
Flaxseed:
Production (crop estimate)
... thous. of bu_
Oil mills:
Consumption
_ _ do__
Stocks, end of month.
_ _ _ __
__ do _
Price, wholesale, No. 1 (Minneapolis) _ dol. per bu_-
r
r
r
41, 069
34 712
41, 574
29 178
40 167
36 367
25, 146
36 425
28, 490
37 823
35, 238
38 745
40, 162
36 552
36, 716
38 462
33 859
34 506
38, 934
41 287
35, 084
34 853
37, 404
40 658
48, 390
29, 526
55 516
33, 107
52 046
30, 766
55 078
34, 863
54 932
35 093
51 316
38, 038
55 274
37, 092
49 230
31, 065
61 720
41, 855
56, 384
35, 219
61,365
40, 429
56, 840
12 287
23, 099
57, 329
11 065
19, 776
46,641
11 163
10, 589
41, 368
12 485
20, 747
45,930
11 505
10, 993
!
43, 508
8 619
19, 102
41, 881
8 707
9,462
49, 339
10 700
33, 018
54, 372
10 555
19, 448
50, 566
9,544
42, 477
9,351
'•929
r
544
1, 626
273
522
1,367
81
407
1,042
36
327
758
12 i
255 i
516 !
5
180
341
12
127
225
81
132
175
305
148
331
482
307
507
1,643
712
1,437
247, 536
247, 186
238 031
241, 455
186 389
224, 694
149 743
198, 037
117 320 i 81, 357
189, 776 182, 734
55 749
162, 223
59 542
112, 475
69 370
78, 441
135, 067
71, 215
329, 102
116, 105
379 r!81 195
127, 838 r 124, 413
174 440
129, 699
140 101
136, 965
110 930
124, 862
61 675
71, 433
43 206
45, 678
45 054
37, 972
48 129
33, 025
96, 315
49. 061
239 110
122, 625
133 777
109, 610
15, 685
114
. 195
138, 290
115,273
17, 777
152
.205
108 729
94, 796
14, 736
161
.205
109 427
92, 916
10, 263
189
.205
74, 534
94,014
9,461
180
.205
66, 351
84, 589
8,674
169
.201
49 368
82, 658
47 029
91, 901
11, 574
95
.201
70, 434
96, 931
10, 662
72
.180
143 977
120,921
11, 232
103
P. 172
r
76 439
41 806
38, 821
11 913
14, 460
37, 065
11 245
14, 238
T
T
52, 885
32, 532
r
1, 145
936
r
r
613
648
' 917 r 1, 241
r
300,
r
r
r
r
223
r
r
r
204
r
806
249, 883
738
108, 142
130 973
116, 520
18, 008
95
.195
281, 252
262, 388
r
r
131 698
107, 956
15,619
132
.205
i 25, 754
'
87 224
87,442 !
108 425
96, 364
11 081
192
.205
'l30
.201
2 39, 969
1,872
2,559
1,585
1,854
1,942
2,312
1,684
2,571
1,364
2,373
2,069
1,000
2,730
1,644
4,662
2, 064
4,155
2, 968
3,794
5,868
5, 646
4,414
4,719
2, 127
1,547
2,847
3.00
2.99
2.96
3.23
3.10
3.35
3.42
3.34
3.21
2.99
3.00
2.97
3.10
3.40
r
2
Revised.
*> Preliminary.
i December 1 estimate of 1957 crop.
November 1 estimate of 1958 crop.
©States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
consumption in that State is as follows (thous. short tons): 1957—July-September, 79; October-December, 66; 1958—January-March, 219; April-June, 331; July-September, 76.
9 Includes data not shown separately.
cf For data on lard, see p. S-29.
^Revisions will be shown later covering 1955, 1956, and January-September 1957 (also 1954 for edible tallow) for production, consumption, and stocks of commodities affected.
^Consumption, figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities.
ABegimiing 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other oils, and stocks include only the quantities of
these oils held by producing firms.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December 195S
1958
1957
October Novem- December
ber
January
February
March
May
April
June
July
August Septem- October November
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Continued
Linseed oil, raw:
Production:):
thous. o f l b
52, 829
Consumption, factory
do
43, 348
Stocks at factory, end of month | .
do__ 64, 345
Price, wholesale (Minneapolis) _ __ dol. per lb_.
.148
Soybeans:
Production (crop estimate)
thous of bu
Consumption, factory!
do
28, 084
Stocks, end of monthf
do__ _ 66, 741
Soybean oil:
Production:
Crude
thous. of Ib
306, 746
Refined
do
252 453
247, 491
Consumption, factory, refined f
do
Stocks, end of month: J
r
Crude
do
205 285
Refined
_
do_.
110,813
.170
Price, wholesale, refined (N. Y.)
_dol. per lb_
Margarine:
Production!:
thous of Ib r!37 967
Stocks (factory and warehoused, end of mo do
29, 391
Price, wholesale, colored, delivered (eastern U. S.)
dol. per Ib
.275
Shortening:
Production^
.
thous. of Ib
176, 608
112, 538
Stocks, end of month
do
45, 699
35, 696
75, 380
.149
39, 771
27, 308
89, 258
.150
35. 847
32, 616
87, 429
.150
37, 788
29, 177
95, 766
.148
44, 166
35, 016
103, 080
143
32, 888
32, 226
99, 184
.140
30, 597
33, 168
93, 066
.138
26, 343
39 901
77, 364
.137
19, 147
39 646
57, 279
.137
37, 155
42 831
52, 087
.136
29, 227
80, 467
479, 841
28, 417
78, 863
31, 091
70, 010
27, 104
62, 897
30, 850
57, 983
31, 477
51, 747
32, 208
40, 879
28, 706
36, 194
29,956"
30, 916
31, 620
13, 990
313. 366
240 139
231, 439
299, 940
248 735
249, 682
328, 321
292 857
285, 901
288, 663
276 880
271, 887
330, 112
280 886
255, 936
335, 600
290 285
299, 146
347, 301
333 009
344, 673
310, 913
299 924
307, 519
327, 856
251 997
268, 445
249, 323
125, 027
.170
281,268
124, 738
.170
261, 537
114, 704
.170
242, 552
116,994
.170
264, 859
142, 617
.170
282, 648
159, 474
.170
245, 125
147, 884
.170
222 903
119,796
.166
134, 879
26, 392
150,862
28. 930
135, 202
34. 324
124, 382
36, 625
131, 531
33, 163
121, 338
34, 520
112,912
33, 906
1
r
r
128, 951
32, 205
51, 486
40 343
60 034
.131
52 278
40 636
70* 576
25 066
13, 871
33 470
98 112
340, 868
279 672
308, 269
269 825
281 373
316 579
352 574
274 815
302' 844
243, 232
120. 324
.155
238, 214
98, 526
.155
148 462
82, 047
.155
126 969
65 799
P. 155
120, 884
32, 406
118,020
30, 752
136 552
26, 794
143 623
34 743
p. 132
2
r
.275
.275
.275
. 275
.275
.275
.275
.272
.265
.265
.265
p. 262
168, 555
114,493
150, 971
120,337
175,410
116,209
167, 332
124. 689
149,601
134. 781
154. 348
134, 633
158, 197
132. 677
158, 180
132, 324
151, 599
122, 856
168, 755
115,321
177,044
117,739
206, 994
121 294
145. 5
95.2
50.3
156 9
106. 2
50.7
158 6
107.9
50.7
149 3
101.9
47 A
148 3
97.1
51.2
145 4
96 6
48.8
3, 637
6, 874
(3)
246
3 4, 043
3
6, 176
(3)
231
3 3, 549
3 8, 734
(3)
229
30, 249
48, 515
23, 215
56, 785
28, 099
11,056
10,868
70, 963
15, 834
31, 176
47, 513
21, 049
57, 986
29, 677
9,238
10, 743
68,068
15, 343
3, 497
36,911
(3)
205
28, 476
40, 988
17, 940
53, 747
28, 552
8,876
8,962
70, 035
14, 389
575 046
PAINTS, VARNISH, AND LACQUER§
Factory shipments total
mil of dol
Trade products
do
Industrial
finishes
_
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
thous of Ib
Moldiner and extrusion materials
do
Other cellulose plastics
do. __
Nitrocellulose sheets rods and tubes
do
Phenolic and other tar acid resins
_ do _
Polystyrene
do
Urea and melamine resins
do
Vinyl resins
- do
\lkyd resins
do
Rosin modifications
do _
Polyester resins q
do
Polyethylene re ins
do
Miscellaneous
do
3 813
9,663
3,653
7,624
344
339
37, 769
47,811
2? 926
71, 535
24, 937
9,097
6,589
62 936
16, 046
546
330
45. 317
52 759
25 933
77. 088
32, 979
10, 991
7,976
62 552
17 681
3,885
7,778
259
360
34, 379
45, 903
23 094
66, 458
24, 059
7,590
6.546
68 510
14,741
3. 564
6,138
874
348
38,813
41, 701
25 630
68, 977
27, 927
10, 340
7, 533
69 522
15, 677
3, 283
6,677
671
290
32,500
42,216
21,871
58. 327
25, 805
8,643
7,910
61,801
12,938
3,823
7,653
736
278
33,260
45, 838
23, 901
62, 698
25, 876
8, 506
8,637
72, 121
14, 478
3
3,752
6,452
775
229
29, 403
48, 359
22, 237
54, 436
27, 914
10,117
9,966
66, 813
15,313
3
3
3 3 947
3 8, 215 _
(3)
223
34, 270
47, 199
25 128
' 69, 672
r
28, 314
r
11, 076
' 7, 991
68 064
r
15, 820
39, 900
55 257
28 302
82, 133
30, 375
10,665
8,730
75 252
15, 816
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total!
mil of kw hr
Electric utilities, total
do
By fuels
do
By waterpower
do
Privately and municipally owned utilities do
Other producers (publicly owned)
do
Industrial establishments, total
do
By fuels
do
Bv waterpower
do_
Sales to ultimate customers total (EEI)t
do
Commercial and industrial:
Small light and power
do
Large lisht and power
do
Railways and railroads
_ _ do__
Residential or domestic
do
Rural (distinct rural rates)
do
Street and highway lighting
do
Other public authorities
do
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
Electric Institute) J
thou? of dol
GAS
Manufactured and mixed gas (quarterly) :cf
Customers, end of quarter, total
thousands. _ •
Residential (incl house-heading)
do
Industrial and commercial
do
Sales to consumers, total
mil. of therms
T H
t*' 1
1
^
'ol
'"
Hn
_
__i
46304
46,042 '
47,062
44, 454
10,910
6, 853
6. 544
309
48. 433
46, 646
7, 969
24 120
326
11, 493
908
457
989
42
7,772 i
23,367
331
12, 322
741
491
982
36
7.932
22,911
302
13. 553
730
516
1,012
46
S, 144
22, 603
376
14.919
776
529
1,037
49
7,961
21,649
349
14, 691
762
477
1,054
44
7,831
22, 1 56
352
14, 026
787
463
1,041
48
7,699
21, 889
326
13, 144
728
423
1,020
35
7,782
22, 155
305
12, 173
798
398
1,047
50
8,419
22. 439
291
12,061
1,021
380
1,077
57
8,915
22, 261
284
12,416
1,244
389
1,074
63
9,494
23, 375
293
12, 885
1,313
419
1,078
61
798, 014
824, 613
811, 224
797, 337
776, 596
763, 006
786, 752
805, 925
60, 689
53, 993
43, 258
10, 735
43,767
10, 226
63, 280
56, 645
45, 451
11, 194
45, 760
10, 885
6,634
6,382
253
48, 919
836, 479
62,
55,
42,
12
773, 505
771 174
216
363
838
525
56, 219
50, 056
39, 082
10 974
59, 158
52, 623
39, 917
12, 706
55, 785
49, 489
36, 491
12, 999
57, 528
51, 183
37, 574
13, 609
58, 196
51,927
40, 343
11, 584
40, 238
9,817
6,164
5, 874
289
46, 987
41, 693
10,930
6. 535
6, 206
329
46, 703
39, 062
10, 427
6,296
5,976
320
45, 263
40, 698
10, 485
6,345
6,031
314
44, 707
41,976
9, 951
6, 269
5, 990
279
45, 746
61, 327
54, 991
43, 383
11,608
44, 479
10, 512
6,336
6,082
253
62, 416
55, 357
44, 543
10, 814
44,853 !
10, 504 '
6,696
6,466
230
r 49,215
!
i
i
'9,365 : P8, 700
'23,854 P 24, 350 '
289 I
' 12, 943 P 12, 450 i . „
;
1,170 ;
449
1,089
56 ;
840,854
!
j
3,165
2 952
•
'
!
Revenue from sales to consumers, total __mil. of d o l _ _ ;
Residential (incl hou^e-heatin 0 ')
do
Industrial a n d commercial _ .
. _ _ _ . _ do _ _ :
' Revised.
v Preliminary.
i December 1 estimate of 1957 crop,
etc., and molding and extrusion materials.
j
211
596
' 1 5 8
3, 153
2,944
207
958
756
195
\
3,152
2,940
210
553
396
148
78.6
60.9
17.2
7,060 I
6,822 '
238
P48.350
.
;
I
!
__
! 123.4
82. 1
99. 7
i
63. 6
'
.
'
23.2
'
18.0
2
Effective May 1958, data for "other cellulose plastics" are combined with sheets,
November 1 estimate of 1958 crop.
n and refined
§ Data are based on a new and improved sample; they relate to specific products instead of the former "customer" classification. Comparable figures for January-March 1958 will be
published later.
cPTolals include data not shown separately. Revisions for 1st and 2d quarters of 1956 and 1957 are available upon request.
SURVEY OF CURRENT BUSINESS
December 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-27
1957
1958
October Novem- December
ber
January
February
March
April
August Septem- October November
ber
July
June
May
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly ):cf
Customers, end of quarter, total
Residential (incl. house-heating)
Industrial and commercial
Sales to consumers, total
Residential (incl. house-heating)
Industrial and commercial
27, 716
25, 492
2,193
Revenue from sales to consumers, total ..mil. of doL
r
Residential (incl. house-heating)
do
Industrial and commercial
_ do
27, 727
25, 563
2,132
25, 130
11,832
12, 345
17, 554
5,608
11, 296
1, 019. 7
575. 6
417.2
mil of therms
do
do__ _
27, 901
25, 674
2,194
19, 577
6,560
12, 035
thousands
do
do
1, 490. 6
970.5
491.2
946.4
528.5
399.1
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
thous. of bbl
Taxable withdrawals _ _ .do _.
Stocks, end of month
.
do
Distilled spirits:
Production
thous. of tax gal
Consumption, apparent, for beverage purposes
thous. of wine gal
Tax -paid withdrawals
__thous. of tax gal
Stocks, end of month
do
Imports
_
thous. of proof gal
Whisky:
Production
thous. of tax gal
Tax -paid withdrawals. .
do_ _
Stocks, end of month
do
Imports
thous of proof gal
Rectified spirits and wines, production, total 9
thous. of proof gal
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
thous. of wine gal
Taxable withdrawals
do
Stocks end of month
do
Imports
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks end of month
do
Imports
do
Distilling materials produced at wineries
do
r
r 6, 785
' 6, 535
10, 158
5,247
5,723
9,337
5,952
6,420
8,495
6,774
5,938
8,941
6,273
5,235
9,618
7,277
6,253
10, 233
7,465
6,746
10, 527
8,675
7,963
10, 760
9,568
8,580
11, 223
7,680
8,184
10, 470
9,712
8,945
11, 446
7,227
7, 185
10, 053
6,824
6,893
9,586
«• 34, 062
21, 866
19, 412
19, 732
18, 808
19, 770
18, 886
16, 538
12, 208
7,672
9,758
24, 794
39, 878
20, 808
19, 463
838, 122
24, 352
11,042
842, 162
3,129
14, 515
10, 279
849, 714
1,744
14, 632
10,990
853, 894
1,848
16, 426
12, 523
858, 371
1,963
15, 785
11, 590
863, 089
1,987
18, 192
13, 158
862, 770
2,385
16, 935
13, 802
858, 281
1,978
16,388
11,411
852, 617
2,438
17, 407
13, 056
845, 697
2,052
16, 577
13,809
845, 026
19, 727
843, 626
3,532
22, 052
16, 014
836, 771
3,644
12, 189
10, 283
734, 308
3 159
11, 743
9,170
733, 948
3 310
11,917
5,787
737, 587
2,770
11, 951
5,520
742, 111
1 570
11,477
6,009
745, 319
1,640
12, 676
6,285
749, 043
1,736
11,710
5,734
751, 881
1,768
10, 337
6,511
752, 486
2,143
7,563
6,955
750, 528
1,736
4,282
5,219
747, 534
2,219
4,033
6,815
742, 319
1,815
9,172
7,062
741, 769
15, 188
10, 374
742, 531
10, 532
8,931
7,553
6,256
5,095
4,915
3,805
5,531
4,586
5,888
4,870
5,632
4,523
6,431
5,094
6,406
5,066
5,922
4,837
5,946
4,533
6,865
5,429
10, 892
9,069
289
138
281
154
2,060
44
208
183
2,069
67
159
146
259
136
2,243
38
113
212
201
306
2,140
2,124
1,986
1,061
11,378
139,483
3,109
11, 037
109, 499
47,185
12, 668
145, 116
13, 298
115, 853
9,023
178
329
218
308
1,668
1,814
1,949
96
104
1,609
251
166
272
119
1,722
'•<>69,427
'•"15,349
"206 235
12, 774
12, 476
203 882
2,410
11, 507
181 670
1,720
10, 792
171 126
25 263
3,192
1,091
2,059
12, 732
160, 482
591
1,861
1,757
11, 520
148, 906
r aJ26 001
3,727
12, 332
190 765
908
5 044
1,527
1,336
10, 117
115, 921
599
2, 154
94 115
109, 373
.607
105 716
87, 312
.609
118 610
86, 114
.604
113, 405
87, 684
.604
129, 495
106, 315
.599
130,320 ! 150, 560 144, 730
115, 548 135, 492 170, 575
.588
.586
.586 ,
126,910
190, 439
.586
97, 740
178, 352
.594
86, 740
91, 895
145, 671 r 119,703
.613
.598
88 271
58, 861
96 967
63, 202
99, 210
66, 485
95, 610
64, 795
117,035
79, 950
128, 395
92, 240
154, 745
116, 710
157,150
118, 445
135, 430
100, 715
117, 135
85, 890
103, 785
72,660
468, 427
429, 443
5,144
440, 677
404, 135
4,892
410, 524
376, 618
5,871
380, 531
344, 943
4,562
353, 469
318, 444
3,898
339, 873
307, 487
5,273
328, 349
293, 270
4,220
330, 770
295, 554
4.776
353, 801
315, 778
4,360
364, 804
319,160
3,281
363, 026
315,275
2,840
350, 449 ' 327,843
304, 842 r 282,444
.392
.392
.396
.395
.395
.394
.380
.384
.388
.389
.389
.390
.391
4 051
161 601
3 151
136 803
3 223
141, 994
4 150
143, 500
2,650
135, 700
4,250
175, 700
6,375
207, 400
6,275
279, 900
5,900
271, 200
5,050
249, 700
4,175
215, 200
4,700
184, 000
4,700
162, 500
6,634
379, 641
6,469
262, 925
5,834
215, 465
5,384
158, 966
4,287
108, 106
5.501
87, 190
6,690
107, 167
7,009
187, 764
8,147
269, 570
7,622
330, 803
5,894
373, 615
7,373
387, 873
5,956
353, 048
2 504
16 375
1 513
10, 854
1 568
12, 038
2 183
9,547
2,781
6,881
1,752
7.322
1,710
6,353
5,435
9,781
2,633
11, 928
3,017
9,730
2,486
3,338
3,112
4,358
187
276
1,892
r
848
813
141
52
622
34
488
45
653
1,074
777
742
284 !
199
!
53
1,414
11, 066
127,200
589
!
2,140
43
!
580
!
78, 613
13, 945
209, 363
154, 877
DAIRY PRODUCTS
Butter, creamery:
100 308
Production (factory) }
thous of Ib
126, 921
Stocks, cold storage, end of month..
__do
.613
Price, wholesale, 92-score (New York) dol. per lb_.
Cheese:
98 451
Production (factory) total}
thous of Ib
American whole milk}
do
67 873
Stocks, cold storage, end of month, total
do_.
Amerioan, whole milk.
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. per lb__
Condensed and evaporated milk:
Production, case goods:}
Condensed (sweetened)
thous of Ib
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Condensed (sweetened)
thous of Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
Evaporated (unsweetened)
dol per case
Fluid milk:
Production}
mil. oflb
•milb- o/VHrJo /"Vcn man fr>r>rl '\
f\ f\]
r»pr 1V»
101, 925
68, 425
6 05
6.08
6 14
6 15
6. 15
6. 15
6. 12
6.10
6.11
6.11
6.15
6.15
8,771
3 147
M. 65
9,346
3 497
4.51
9,800
3 771
4.42
9,482
3 565
4.33
10, 944
4 217
4.16
11,413
4 462
3.88
12, 889
5 308
3.74
12, 378
5 163
3.68
11, 469
4 533
3.87
10, 593
3 489
4.06
9,471
3 255
4.32
9,388
3,293
'4.46
7 506
99 229
8 995
121 817
7 650
139 100
6,300
131 550
6,900
160, 300
7,600
171, 700
9,000
209, 600
8,600
203, 000
7,650
153, 200
6,750
112,000
7,050
91, 450
8,964
85 688
9,423
87 334
7,281
82 238
7, 503
89 345
8,178
85, 002
8,995
120, 320
10, 067
144, 860
10, 143
134, 866
9,205
113, 993
9,462
95, 528
9,133
82, 255
3,722
28 929
5,350
11 203
3,000
13 052
3,610
7,756
1,823
10, 117
2,133
33, 009
3,250
6,723
2,348
31, 053
1,754
15, 912
1,888
22, 450
9,024
7,551
154
154
154
. 153
. 141
.137
.136
.137
.137
.136
.390
7,100
98, 800
11,013
83 253
303, 517
258, 612
6.14
9,379
3 441
M.61
Price, wholesale, U. S. average
dol. per 100 Ib...
Dry milk:
production:}
8 937
iDry whole milk
thous of Ib
105 166
Nonfat dry milk solids (human food)
do
Stocks, manufacturers', end of month:
11,671
Dry whole milk
do
92 804
Exports:
3 666
Dry whole milk
do
30 260
Nonfat dry milk solids (human food)
do
Price, manufacturers' average selling, nonfat dry
r
93, 475
.596
159
. 152
8,856
p4. 50
.136
Revised.
v Preliminary.
cfTotals include data not shown separately. Revisions for 1st and 2d quarters of 1956 and 1957 are available upon request.
9 Data beginning July 1957 exclude production of wines and vermouth; for July 1956-June 1957, such production totaled 146,000 gal.
}Revisions for the indicated items and for the periods specified are available upon request as follows: Butter, cheese (total and American), dry whole milk, and nonfat dry milk solids
(production)—January 1955-August 1957; condensed milk and evaporated milk and fluid milk used in dairy products—January 1956-August 1957; fluid milk (production)—January 1956August 1957; nonfat dry milk solids (stocks)—January 1954-December 1956.
"Revision for September 1957 (thous. of wine gal.): Production, 42,247; taxable withdrawals, 13,681; stocks, 149,567; distilling materials, 100,297.
SURVEY OF CURRENT BUSINESS
S-28
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- DecemOctober
BUSINESS STATISTICS
ber
ber
December 1958
1958
January
February
March
April
May
June
July
August Septem- October November
ber
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous of bu
Shipments, carlot
no. of carloads
Stocks, cold storage, end of month
thous. of bu-_
Citrus fruits, carlot shipments
no. of carloads
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits
thous. of lb_Fruit juices and purees
do_
Vegetables
do _
Potatoes, white:
Production (crop estimate)
thous. of cwt_.
Shipments, carlot
no. of carloads
Price, wholesale, U. S. No. 1 (New York)
dol. per 100lb__
1
3,466
48, 634
2,768
45, 621
118, 548
3,212
37, 368
3,199
25, 310
3,102
18, 229
3,464
9,412
2,115
4,195
1,340
1,188
440
364
171
140
4,734
6,505
8,573
7,059
6,043
6,323
6,114
7,500
5,388
4,792
545, 092
337, 273
993, 230
522, 747
274, 368
957, 089
494, 275
288, 625
881, 717
443, 980
362, 743
780, 616
402, 077
413, 994
698, 325
361, 732
439, 761
621, 568
297, 391
4°0, 771
576, 539
316, 493
513, 471
535, 770
425, 922
464, 068
550, 078
502, 334
412, 398
650, 924
239, 539
13, 612
16, 743
16, 711
20, 306
15, 320
17, 475
16, 909
11, 020
1
"l2~ 738" ~~i3~270~
33
175
' 3, 833
536, 253
356, 516
793, 100
'832 '2,333
16, 401 '54,123
r
2, 708
r
2 124, 717
1,736
47, 359
1, 972
4,000
539, 084 '530,821
292, 215 '245,039 i
860, 752 '904,592
507, 504
204,060
m<m
2
' 6, 720 ' 9, 094
' 9, 874
260,579
9,763
v 2. 860
3.708
3.350
3.288
3.800
3.808
5.300
5.675
4.675
4.783
3.315
3.213
3.125
55, 497
60, 335
64, 199
64, 831
52, 391
48, 840
65, 912
55, 585
64, 054
59, 175
68, 300
60,100
14, 071
12, 357
1 435, 695
13, 947
14, 995
11, 860
9,604
7,676
9,694
13, 532
10, 637
31, 833
19, 825
17, 430
2466,301
10, 746
41, 471
39, 203
29, 080
15, 921
45, 220
47, 924
Il,910
10, 382
14, 423
13, 684
44, 270
309, 666
10, 678
48, 520
7,179
31, 040
3 62, 462
9,601
41, 601
9,011
25, 073
149, 199
8,153
20, 068
6,600
37, 306
209, 236
10, 366
31, 766
6,821
1.264
1.197
1.248
1.174
1.224
1.142
1.230
1.172
1.250
1.185
1.259
1.187
1.289
1.216
1.311
1.218
1.310
1.215
1.328
1.229
1.204
1.146
1.182
1.137
1.182
1.145
1.172
1.132
11, 682
39, 700
* 3, 403
10, 511
53, 974
11, 822
46, 017
11, 336
29, 586
11,638
37, 744
12, 064
43, 900
12, 139
26, 039
12, 053
24, 303
11, 732
22, 440
12, 088
23, 259
12, 333
27, 006
13, 802
33, 229
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) _. -thous. of bu_Barley:
Production (crop estimate)
Receipts, 4 principal markets |
Stocks, domestic, end of month:
Commercial
On farms
Exports including malt§
Prices, wholesale (Minneapolis) :
No 2, malting
No. 3, straight
do
do
do
do
do
dol per bu
do _ . _
Corn:
Production (crop estimate)
mil. of bu
12, 952
Grindins's wet process
thous of bu
20, 520
Receipts, interior primary markets
do
Stocks, domestic, end of month:
110, 211
Commercial
do
On farms
mil of bu
15, 141
Exports, including meal and flour thous of bu
Prices, wholesale:
1.189
No 3, yellow (Chicago)
dol per bu
1.161
Weighted average, 5 markets, all grades
do__ _
Oats:
Production (crop estimate)
mil of bu
Receipts, interior primary markets
thous of bu
Stocks, domestic, end of month:
Commercial
do
On farms
do
Exports, including oatmeal
do
Price, wholesale, No. 3, white (Chicago) __dol. per bu__
Rye:
Production (crop estimate)
thous. of bu__
Receipts, interior primary markets
do
Stocks, commercial, domestic, end of month. _ _ do
Price, wholesale, No. 2 (Minneapolis). __ dol. per bu__
Wheat:
Production (crop estimate) total
Spring wheat
Winter wheat
Receipts, interior primary markets
Disappearance (quarterly total)
Stocks, end of month:
Canada (Canadian wheat)
mil of bu
do
do
thous. of bu
do
do
__
do
do
110, 864
110, 526
90, 926
109, 234
11, 185
13, 207
13, 389
88, 563
3 341. 3
17, 052
90,153
15, 414
107, 833
1, 025. 9
10, 753
99, 309
16, 045
111,375
1 672 7
7,963
112, 538
20, 108
1.157
1.103
1.148
1.032
1.108
1.005
1.128
1.067
1.165
1.081
1.288
1.201
1.311
1.258
1.350
1.284
1.344
1.273
1.340
1.255
1.266
1.115
1.149
1.068
1.117
1.074
1 308
6,196
5,418
4,111
6,758
5,174
4,125
6,533
14, 915
32, 517
12, 292
5,162
12, 971
12, 600
5,804
31, 455
4,131
.633
3,313
.664
2,120
.642
38, 51P
1,199,364
866
.621
33, 943
2,597
.685
8,452
3275,124
2,688
.641
13, 113
1,914
.654
10, 846
542, 592
559
.662
8,698
1,570
.647
34, 390
31, 809
55, 794
35, 958
51, 975
38, 140
86, 628
52, 702
115, 583 169, 218
79,224 j 112, 412
125, 914
105, 497
165, 089
56, 640
28,329
71,405
1
5,090
22, 225
18, 046
2,133
.632
2,802
.750
524"
6,209
1.306
15, 135
853, 776
3,031
.646
1
.612
46, 960
27, 681
65, 842
43, 117
65, 374
38, 961
55, 802
58, 179
58, 335
59, 873
49, 433
47, 331
43, 026
47, 735
46, 736
47, 663
399, 837
141, 132
98, 760
104, 282
74, 187
137, 416
75, 812
143, 910
92, 428
137, 968
31, 464
110, 265
12, 323
86, 687
19, 067
104, 771
30, 965
127, 503
143, 466
78, 804
28, t /
(4)
641, 449 1,075,108
120, 794 163, 518
1, 064. 4
97, 996
.095
999.6
86, 378
.096
913.0
53, 896
.096
820.2
110, 835
.098
676.3
150, 219
.098
561.7
116, 030
.103
507.7
41, 678
.101
504.4
96, 815
.101
370.5
181, 617
.102
321.0
112, 349
.101
535.1
133, 979
.091
1,115.2
635"
5,378
1.330
i 26, 528
544
4,488
1.334
215
3,512
1.284
257
2,938
1.323
336
2,336
1.335
206
1,866
1.354
1,047
1,816
1.386
5,516
3,969
1.228
2,202
5,717
1.215
2,982
6,596
1.158
1,095
6.284
L253
843
6,277
1.262
947 1
239. 9
707 2
28, 823
20, 595
222, 129
29, 674
26, 913
379, 043
367, 214
377, 420
398, 347
1, 384. 8
360, 662
30, 999
25, 656
2 1, 419
2 47, 657
43 130
60, 968
33, 836
p. 092
1
1
1
United States, domestic, totaled
mil. of bu~.
Commercialf
thous. of bu_- 417, 052
Interior and merchant mills, elevators, and
warehouses
thous of bu
On farms
do
Exports, total, including flour. _ _ _
Wheat only
107, 362
2 457 5
22, 360
112, 728
20, 530
105, 664
7,278
Rice:
Production (crop estimate)
thous of bags 9
California:
105, 545
Receipts, domestic, rough
thous. of Ib
35, 592
Shipments from mills milled rice
do
Stocks, rough and cleaned (cleaned basis), end
49, 380
of month
thous of Ib
Southern States (Ark., La., Tenn., Tex.):
1, 185, 118
Receipts, rough, at mills
do
171, 798
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
989.9
basis), end of month
mil oflb
94, 713
Exports
thous oflb
.095
Price, wholesale, head, clean (N. O.)
dol. per Ib
2 3, 786
380, 072
362, 829
28, 937
26, 612
265, 269
24, 153
20, 509
33, 261
245, 053
95, 634
83,264
56, 821
206, 147
36, 172
373, 483
361, 862
355, 159
347, 510
370, 607
394, 941
388, 003
381, 512
356, 640
346, 820
3 880. 5
338, 279 3304,782 447, 554
491, 062
2, 126. 0
472, 590
475, 989
27, 861
23, 490
3447,128
3 50, 291
535, 579
176, 246
659, 996
291, 629
29, 774
24, 097
33, 516
27, 813
5,495
1.231
21,449.5
2
278. 7
21,170.8
373, 708
1, 122. 3
335, 916
2 34, 093
27, 184
22, 479
32, 164
26, 823
34, 962
28, 620
29, 887
24, 799
40, 741
34, 963
456J^
934, 947
634, 754
25, 771
20, 944
37, 331
33, 345
30, 543
26, 387
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.375
2.365
2.417
2.473
2.432
2.172
2.433
2.383
2.428
2.439
2,266
2.390
dol. per bu-2.218
2.250
1.902
2.262
2.211
1.835
2.132
2.182
1.846
1.951
1,974
2.200
2.273
2.271
1.999
2.201
No. 2, hard winter (Kansas City)
_ do _ _
2.282
1.786
1.785
2.258
2.178
1.819
1,923
2.278
No 2, red winter (St Louis)
do
1.930
(4)
(4)
(4)
(4)
(4)
2.271
2.351
2.304
2.285
2.326
2.383
2.063
2.356
1.960
2.326
2.174
2.213
2.220
2.301
Weighted a vs.. 6 markets, all grades
_do
2
' Revised.
*> Preliminary.
i December 1 estimate of 1957 crop.
November 1 estimate of 1958 crop.
3
4
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
No quotation.
^Revised beginning January 1954 to reflect data compiled from reports based on 5-day weeks (prior thereto, based on 6-day weeks). Revisions for January 1954 through July 1956 are shown
in the October 1957 SUEVEY.
§ Excludes a small amount of pearl barley.
9 Bags of 100 Ib.
cfThe total includes wheat owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks,
for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports.
SURVEY OF CURRENT BUSINESS
December 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1958
1957
October Novem- December
ber
January
February
March
April
May
June
July
August Septem- October November
ber
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour_
_
-thous. of sacks (100 lb.)__
Operations, percent of capacity
Offal
thous of short tons
Grindinsrs of wheat
thous. of bu
Stocks held by mills, end of quarter
thous. of sacks (100 Ib.)
Exports.. _
__
do._
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (100 Ib.)
Winter, hard, short patents (Kansas City)_-do__
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. of animals
Cattle
do
Receipts, principal markets _ _ _ _
_ - do
Shipments feeder to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves, vealers (Chicago)
_ - do
Hogs:
Slaughter (federally inspected)
thous. of animals-Receipts, principal markets
-do .
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lb-Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog__
Sheep and lambs:
Slaughter (federally inspected), thous. of animals
Receipts, principal markets
_ _ ..
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 lb_.
Lambs, feeder, good and choice (Omaha)
do
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
slaughter,
_
.
..mil. of lb__
Stocks (excluding lard), cold storage, end of month
mil. of lb._
Exports (including lard)
.
do
Imports (excluding lard)
- __ do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of month
thous. of Ib-.
Exports
do
Imports
_
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. per Ib
Lamb and mutton:
Production, inspected slaughter
thous. of lb._
Stocks, cold storage end of month
do
Pork (including lard), production, inspected slaughter
mil. of Ib Pork (excluding lard) :
Production, inspected slaughter
thous. of Ib-Stocks, cold storage, end of month
_ ,do _
Exports
do
Imports.
_ _ ._ _ _
.
_do
Prices, wholesale:
Hams, smoked, composite-- _
-dol. per Ib
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production, inspected slaughter
- thous. of lb_
Stocks, dry and cold storage, end of month. _ do _
Exports..
.
_ _
_ do _
Price, wholesale, refined (Chicago)
dol. per Ib .
22, 069
r
88. 7
431
50, 804
19, 565
90.5
382
45, 016
19, 751
86.9
385
45, 394
21, 715
91.2
421
49, 882
19, 254
88.9
372
44, 180
20, 465
89. 1
395
46, 739
19, 394
80 6
373
44, 464
19, 321
84 1
371
44, 278
19, 205
83 4
370
44, 046
20, 429
84.7
392
46, 862
20, 220
87.7
382
46, 266
21, 504
93.2
402
48, 875
2,293
2,437
4,905
1,876
2,448
2,020
4,976
2,293
2,722
2,184
4, 291
2,480
2.071
1,711
4,374
1,784
6.135
5.585
6.215
5.635
6.160
5.780
6.100
5.675
6.090
5.750
5.980
5.610
5.990
5.750
5.975
5.550
6.270
5.350
6.030
5.125
5.695
5.050
742
1,801
2, 861
1,190
598
1,515
2,158
973
569
1,473
1,953
608
547
1,630
1,894
341
468
1 309
1,542
256
518
1,360
1,818
285
486
1,383
1,729
302
438
1 468
1,697
277
430
1 506
1,846
267
435
1 561
1,820
249
24.48
20.18
26.50
25.06
21.41
27.50
25.74
22.68
29.00
26.31
23.02
30.00
26 65
24.35
32.50
28 28
25.79
31.50
28 59
26.83
34.00
28 27
27.16
33.50
27 67
25.38
31.00
6,094
3,114
5,505
2,780
5,523
2,974
5, 531
2,868
4, 453
2,244
4,818
2,499
4,963
2,580
4,444
2,304
23, 385
92. 5
435
53, 084
5.870
5. 230
P 5. 835
p 5. 465
424
1 479
1 783
364
472
1 562
2,438
815
541
1, 642
2,648
1 273
26 75
25.43
31.00
25 91
24.46
31.50
26 65
25.47
32.00
26 70
25. 80
p 32. 00
4,209
2,226
4,326
2 196
4,515
2 295
5,219
2,623
5,911
2, 891
p
26 79
26.46
17.16
16.79
17.95
18.71
19.77
20.81
20.26
21.58
21.82
21.88
20.87
20.04
18. 76
18.06
r
16.0
'16. 9
'18.1
19.9
20.6
20.3
18.0
18.9
18.2
18.1
17.9
17.7
17.8
19.0
1,210
1,463
690
958
930
248
978
912
190
1,061
908
144
940
795
121
1,000
908
117
1, 149
988
106
1, 122
1,026
144
1 042
828
138
1 013
864
265
950
1 035
356
1,045
1,355
565
1, 131
1,270
636
21.50
21.05
22.00
21.06
22.62
21.30
23.50
22.53
23.00
23.33
22.12
22.99
21.00
22.22
22.25
0)
24.75
0)
24.50
22.92
24.00
22.23
22.00
22.78
22. 25
23. 03
2,169
1,920
1,932
2,051
1,622
1,720
1,804
1,776
1,756
1,799
1,742
1,915
2, 123
318
65
49
370
63
37
403
57
59
429
50
49
425
53
55
418
54
53
453
35
64
422
55
73
396
47
74
360
54
92
333
46
96
317
47
'346
419
1, 065. 9
118, 864
2,770
33, 245
896.1
142, 236
2,483
20, 489
884.7
146, 840
4,698
40, 708
998.1
146, 743
2,252
28, 459
789 7
125, 940
2,162
37, 709
809 5
839 0
885 5
118, 766 111, 937 107, 468
1 973
2 562
1 173
30, 271 39, 218
39, 535
901 9
115, 947
1 406
41 543
947 0
119, 301
1 242
50 397
898 4
125, 234
1 680
44 097
949 5 1 016 5
132. 938 r 149, 210
2 514
171, 906
21.88
22.56
.422
.436
.447
.461
.469
.490
.482
478
477
468
451
456
455
452
54, 870
5,616
44, 053
5,309
46, 843
5,206
52, 305
4,756
47, 381
4,381
50, 225
4 861
57, 821
6 674
54, 820
10 431
47, 330
11 995
45, 517
10 411
42, 973
10 969
47, 692
9 927
51, 785
r 9 913
9 610
1, 048. 6
979.8
1, 000. 8
1, 000. 2
784.9
859.9
907.7
835.5
807.0
806 4
800.6
917.4
1, 054. 4
788, 160
138, 412
4, 269
10, 202
730, 191
163, 656
5,379
12, 402
742, 467
193, 981
5,938
11,844
736, 659
218, 449
4,180
14, 437
584, 204
227,912
5,141
12, 535
648, 238
224, 322
4,092
14, 650
680, 920
260, 147
3,664
15, 227
619, 424
242, 839
4 235
15, 472
604, 733
209, 936
5 506
14, 443
603, 764
173 147
4 541
16 860
610, 151
149 198
3 506
15 335
.479
.480
.490
.473
.580
.469
.560
.496
.581
.507
.590
.524
.565
.519
.558
.556
.573
.572
577
.552
570
.504
189, 478
67, 717
43, 376
.158
182, 592
78, 918
36, 566
.150
189, 287
101, 205
33, 321
.148
193, 392
101,087
32, 905
.145
146, 496
91, 338
35, 762
.145
154, 501
85, 211
36, 299
.158
165, 208
86, 580
21, 608
.153
158, 190
86, 673
36, 986
. 154
147, 797
66, 474
31 376
. 155
147, 505
55, 124
34 285
155
139, 355
49, 827
26 778
170
698, 914 r 793, 024
127 088 !34 361
3 627
181, 223
536
.548
p 521
.521
.497
159, 979
45. 774
25 177
155
190, 814
54, 166
602
689
P 157
POULTRY AND EGGS
Poultry:
Slaughter (commercial production) *
mil. of Ib
620
Stocks, cold storage (frozen), end of month
thous. of lb_. 377, 207
Turkevs
do
241 390
Price, in Georgia producing area, live broilers*
. 160
dol. per lb._
Eggs:
Production on farms
. mil. of cases 9
12.8
Stocks, cold storage, end of month:
552
Shell
thous. of cases
124, 272
Frozen
thous of Ib
Price, wholesale, extras, large (Chicago)
.490
dol, per doz_.
585
481
360
304
330
371
409
433
476
547
362, 059
219 576
316, 455
176 748
301, 982
179 390
255, 948
154 429
214, 135
130 932
177, 125
104 667
145, 553
84 243
139, 981
80 314
147,113
79 192
190, 202
103 562
.160
.160
.195
.195
.210
.180
.190
.200
.185
.170
12 8
14 0
14 6
13 2
15 2
15 3
15 4
14 0
13 5
13 0
302
99, 230
209
74 505
171
63 766
105
59 778
79
52 688
322
68 274
705
100 624
852
134 218
727
139 779
.496
.437
.355
.382
.434
.380
.360
.352
117, 193
105, 970
99, 923
97, 278
89, 372
88, 618
74, 415
69, 653
2
.372
278, 649 -408,089
1 60 808 r 254 849
382, 536
212 048
.160
. 145
.150
12 5
13 4
13 6
494
133 777
290
116 645
r 9Q7
r 93 fjg7
141
73 750
2. 391
2.463
2 . 423 ;
74, 947 ' 128, 124
129.737 :
.406
MISCELLANEOUS FOOD PRODUCTS
Confectionerv, manufacturers' sales
Cocoa (cacao) beans:
Imports (incl. shells)
. _
Price, wholesale, Accra (New York)
thous. of doL. 126, 988
long tons. .
dol. per lb_.
66. 167
32, 949
22, 109
22, 715
10, 272
23, 411
14 913
14 823
17. 525
13 226
.415
.399
r. 428
.443
.437
.429
.483
.460
.489
' Revised.
*> Preliminary.
1 No quotation.
2 Prices paid delivered: not strictly comparable with prices through June 1958, which are f. o. b.
of Agriculture); comparable data are available back to 1934.
9 Cases of 30 dozen.
9,826
.354
5 931
.374
!463 1
.427
*New series (from U. S. Department
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 195G and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December 1958
1957
1958
October November
December
January
February
March
April
May
June
August
July
SeptemOctober November
ber
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):*
Inventories (roasters', importers', dealers'), end of
quarter
thous of bags of
Roastings (green weight) , quarterly total
do
Imports
do
1,680
From Brazil.- _
do - .
755
Price, wholesale, Santos, No. 4 (New York)
dol. per l b _ _
.540
Fish:
Stocks cold storage end of month
thous of Ib
206, 660
Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons__
1,370
United States:
Deliveries and supply (raw basis):
Production and receipts:
589, 229
Production
short tons
472, 464
Entries from off-shore total
do
193, 831
Hawaii and Puerto Rico
do
.553
.553
.553
.540
.550
.538
.513
.485
.470
205, 186
191,008
156, 695
121,201
110, 574
101,999
113,827
134, 576
167, 720
862
663
636
1,704
3,029
3,804
3,840
3,239
2,590
2,190
1,740
1, 257
726, 744
411,510
147, 394
617. 197
114,576
72, 428
226, 381
491, 963
20, 627
58, 959
478, 438
52, 739
28, 552
562, 195
62, 392
41,680
578, 036
106, 732
73, 245
489, 760
103, 300
53, 686
614, 860
113,400
31,836
631,860
196, 965
15, 392
835, 632
242, 597
104, 141
593, 578
229, 523
402,904
135, 314
711,151
708, 582
2,569
627, 447
623, 570
3,877
786, 372
782, 586
3,786
581, 287
571, 700
9.587
625, 207
619, 226
5,981
693, 569
685, 783
7,786
711,181
703, 039
8,142
746, 725
740, 595
6,130
814, 694
808, 697
5, 997
900, 621
888,147
12, 474
915, 902
904, 092
11,810
876, 505
868, 846
7,659
1.213
1,199
1, 757
403
1, 880
523
1,952
437
1,880
276
1.748
370
1,629
872
1,503
259
1,326
2,031
1,100
698
830
328
691
362
302, 281
246, 465
33, 394
15, 632
4, 185
201, 698
179, 885
0
5,871
1,262
175, 430
103, 748
27, 465
5,320
2,830
365, 676
301, 479
40, 422
45, 482
37. 556
349,316
279, 172
50, 400
57. 621
44, 942
456,834
308,068
137,872
45, 200
38, 870
412, 238
288, 253
116,057
50, 508
40, 214
359, 653
232, 638
121, 136
45, 737
36, 483
425, 692
329, 818
95, 874
50, 753
41, 948
443, 149
312, 146
123, 796
35, 932
29, 605
326, 335
220, 034
104, 160
44, 836
39, 796
.062
.061
.061
.062
.062
.059
.062
.063
.063
.063
.062
.064
P. 065
.537
.084
6,393
.538
.084
8,689
.539
.084
8,509
.538
.084
6,909
.539
.084
9,881
.539
.084
9.687
.540
.084
9. 954
. 550
.086
6,143
.550
.086
8,229
.552
.086
8, 784
.552
.086
.553
p. 086
Deliveries, total
do
For domestic consumption
do
For export
do
Stocks, raw and refined, end of month
thous. of short tons__
Exports
short tons
Imports:
Raw sugar, total 9
do
From Cuba
do
From Philippine Islands
do
Refined sugar total
do
From Cuba
do
Prices (New York):
Raw wholesale
dol. per Ib
Refined :
Retail §
dol. per 5 Ib
\Vholesale (excl excise tax)
dol. per Ib
Tea imports
thous. of Ib
.536
.084
7,936
2 959
5, 49S
2,333
979
2,127
902
r
TOBACCO
Leaf:
Production (crop estimate)
mil. of Ib
Stocks, dealers' and manufacturers', end of quarter,
total
mil of Ib
Domestic:
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscellaneous domestic
mil of Ib
Foreign grown:
Cigarette tobacco
Exports, including scrap and stems
1
1,826
608
1,474
409
2,307
5 513
1,493
353
1,927
619
2. 019
869
2 349
4 954
1,307
652
1 826
4 900
1,247
474
1,446
375
.460
r
.450
4,609
5, 014
4,707
278
336
316
282
4 631
4,423
4, 030
4. 188
25
215
74, 386
11,849
Manufactured products:
17,519
Production manufactured tobacco total
do
6, 696
Chewing plug and twist
do
7.514
Smoking
do
3,309
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
2,646
Tax-free
millions
38, 248
Tax-paid
do
562, 622
Cigars (large) tax -paid
thousands
Manufactured tobacco and" snuff, tax-paid
16,847
thous. of l b _ _
1,220
Exports cigarettes
millions
Price, cigarettes (regular), manufacturer to wholesaler and jobber, f. o. b. destination
4.281
dol. per thous__
.44-^
2 1, 764
1,661
5 149
do
thous. of l b _ _
.441
187, 678 ' 199, 656 207, 855
26
27
210
58, 767
47, 625
9,454
42,718
9,219
23, 879
11, 808
23, 096
10, 620
27
228
35, 552
10,313
22, 789
8,894
24, 055
13, 305
32, 247
10, 298
34,903
14, 821
39, 831
12, 827
13, 951
5,492
5. 665
2,794
12, 386
4,943
4, 595
2,848
15, 203
6,074
6,027
3,102
13, 640
5, 198
5,594
2,848
14, 638
5,349
6,590
2,699
15, 487
5,792
6,863
2,831
16,086
6,133
6,909
3,043
15, 351
6,071
6,368
2,913
13, 681
5,702
5,813
2,165
15. 242
5,689
6,477
3,076
16,111
6, 095
6.894
3,122
17, 724
6,495
7,748
3,481
2, 575
31,545
574, 369
3,092
26, 406
383, 665
3,014
35,842
444, 127
2,522
31,369
394, 236
2,624
32, 968
439, 638
2,604
35, 669
490, 051
2,765
37, 645
542, 127
2,679
38, 642
502, 876
2,840
36, 820
511, 637
2,964
39, 644
535, 995
2,995
38, 076
546, 698
3,291
40, 895
591,711
13. 725
1,568
12, 228
1,720
14, 961
1,342
13, 161
1,255
14. 366
1,388
15,208
1,414
15, 654
1,728
14, 889
1,577
13, 694
1,402
15, 264
1,788
15, 670
1.532
17. 240
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
4.281
P4.281
3,649
201
351
237
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:*
Value total 9
thous of dol
Calf and kip skins
thous. of skins__
Cattle hides
thous of hides
Imports:
Value total 9
thous of dol
cneep an la
s
HO
5,284
314
454
6,927
341
686
5,222
292
480
4.990
241
492
4,876
418
427
5,934
317
584
4,688
340
435
5,705
303
612
3,895
217
386
3,871
222
382
3,867
200
379
3,973
1,246
1,644
3,101
1,074
1,371
3,721
724
2,140
3,630
1,182
1, 838
3,410
1,328
1,503
4,204
1,793
1,853
6,403
5, 474
1,959
4.638
2,182
1,996
5,016
2,510
1,437
5,188
2,877
1,391
4,713
2,515
1,172
dol. per lb__
do
.450
.118
.438
.103
.425
.093
.425
.095
.415
.093
.425
.093
.425
.108
.500
.113
,500
.118
.500
.123
.500
.133
.500
.118
LEATHER
Production:
Calf and whole kip
thous. of skins-_
Cattle hide and side kip
thous. of hides and kips..
Goat and kid
thous. of skins._
Sheep and lamb
do
Exports:
vjiove am gar tut ltd t e
i
786
2,307
2,105
2,069
786
2,059
1, 609
1,954
785
1,953
1,668
1,757
786
2,109
1,931
1,922
748
1,936
1,647
1,981
717
1,863
1,712
1,961
624
1,877
1,742
1,970
645
1,942
1,704
2,206
687
1,892
1,682
2,114
542
1,652
1,808
1,908
646
1,979
1,114
2,377
593
2,020
1,499
2.243
898
3 3, 443
1,147
3 2, 802
676
3 2, 998
887
3, 337
1,188
2, 736
1,185
3,336
1,476
3,497
1,965
4. 060
1, 425
3,366
1,010
2,395
986
4,578
1.335
3.569
.630
.630
.620
.620
.625
.625
.625
.630
.630
.630
.630
.635
".635
1.145
1.168
1.165
1.162
1.188
1.188
1.188
'1.192
p 1.199
Prices, wholesale (Chicago):
Calfskins, packer, heavy, 9^/15 Ib
Hides, steer, heavy, native, over 53 Ib
Prices, wholesale:
Sole, bends, light, f.o.b. tannery
dol. per lb._
Upper, chrome calf, B and C grades, f.o.b. tannery
rlnl nor sn ft,
r
Revised.
* Preliminary.
x er
l
1. 158
1.158
December 1 estimate of 1957 crop.
2
1. 145
1. 145
November 1 estimate of 1958 crop.
s Upper leather only. In 1957 exports of lining leather (included beginning 1958)
?N^w seriesTexcept fo^cofree price). Data prior to August 1957 are available from reports of the Bureau of the Census.
SPrice for New York and Northeastern New Jersey.
p. 525
p. 128
cf Bags of 132.276 Ib.
9 Includes data not shown separately.
SURVEY OF CUREENT BUSINESS
December 1958
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- DecemBUSINESS STATISTICS
October
ber
ber
S-31
1958
Febru-
January
ary
March
April
June
May
July
August Septem- October November
ber
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers: 9
Production, total
thous of pairs
Shoes, sandals, and play shoes, except athletic,
total __ _ _
thous. of pairs
By kinds:
Men's
- do _
Youths' and boys'
do
Women's
_
_ _do
Misses' and children's
do
Infants' and babies'
_ _ do
Slippers for housewear
do
Athletic
do
Other footwear
do
Exports
do _
Prices, wholesale, f. o. b. factory:
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt
1947-49=100-Women's oxfords, elk side upper, Goodyear welt
1947-49=100
Women's pumps, low-medium quality
do _
51 398
44 106
44 286
53 035
48 910
51 955
46 414
43 774
45 212
46 066
50 388
50 131
53 270
41, 894
35, 884
39, 769
49, 131
44, 678
46, 524
40, 825
37, 316
38, 443
39, 860
42, 411
41, 594
43, 615
8,804
2,070
21, 328
6,458
3,234
7,847
1,675
17, 542
5,926
2,894
8,472
1,880
20, 111
6,291
3.015
9,335
2,090
26, 632
7,520
3,554
8,310
8,729
8,247
7,647
7,284
1,753
22, 769
5,001
1,805
20, 022
1,813
21, 266
1,994
22, 482
8,144
2.111
23, 702
8,733
24, 594
2,155
25, 776
7,895
5,768
2,686
2,198
22, 012
5 835
2,816
9,157
2 023
22, 759
6 484
3,192
8,657
7,426
3,759
507
289
312
464
294
274
3,090
3,543
4,673
5.614
433
411
275
6,031
455
283
221
5,574
517
330
352
7,110
419
448
303
7,619
462
456
319
8 593
571
491
124.4
124.4
124.4
348
466
248
124.4
r
118.9
118.9
118.9
131.
2
119.5
2,073
6,479
3,222
352
337
310
124. 4
«• 133. 9
119.5
6,457
3,407
4,578
426
427
417
124.4
r 133.
9
119.5
4,945
2,897
3,055
415
501
356
124.4
r 133.
9
118.7
4,879
2,590
5,596
2,504
331
301
202
124.4
124.4
124.4
133. 9
118.7
f 133. 9
118.7
' 133. 9
118.7
2,751
454
r
2,806
517
470
124.4
124.4
118.7
»-133 9
118.7
2,716
480
2,999
3,084
2,477
3,058
2,559
543
2,541
3,150
503
r 133.
9
P124.4
' 135 1
v 119. 5
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES*
National Lumber Manufacturers Association:
Production, total
mil. bd. ft
Hardwoods
do
Softwoods
do _Shipments, total
- - do Hardwoods
do _
Softwoods
___do __
Stocks (gross), mill, end of month, total _
_do
Hardwoods
do
Softwoods
- - __do__
Exports total sawmill products
Imports total sawmill products
SOFTWOODS*
Douglas fir:
Orders new
Orders unfilled, end of month
Production
_ _
Shipments
Stocks (gross), mill, end of month
M^ bd. ft
do
mil. bd. ft
_
do
_ _do
do _ _
_do _
2,996
2,470
2,490
3,067
2,023
2,454
506
447
2,167
382
1,785
2,235
536
2,531
498
1,956
9,530
3,754
5,776
9,544
3, 703
5,841
3,617
64 426
292 977
663
468
684
711
927
468
1,767
2,468
428
2,040
2,429
479
1,950
2,323
433
1,890
2,271
506
1,765
2,483
433
2,050
2,522
479
2,609
447
2,162
2,767
2,043
466
2,301
2,297
2.289
2,855
2,405
2,385
444
2,381
2,871
466
2,236
2,825
522
499
3 241
520
2 721
3,242
2,647
525
2,717
8,971
9,000
9,574
3,493
6,081
9,535
3,447
6,088
9,377
3,428
5,949
9,257
5,862
9,520
3.566
5,954
3,416
5,841
9,207
3,463
5,744
9,098
3,499
5,599
9,038
3,522
5,516
3,562
5,409
54 838
231, 223
56, 600
241, 873
93 662
187, 507
46 258
195, 840
61 591
247, 476
57 181
238, 044
69 793
258, 851
57 785
290, 069
62, 920
313, 697
77 962
334, 024
67 480
578
472
595
574
948
554
476
520
550
918
632
506
667
602
984
549
492
633
564
1,053
653
518
665
627
1,091
780
580
690
719
1,062
781
633
710
728
1,044
667
571
665
729
979
807
690
590
688
882
742
727
667
705
843
685
643
711
769
785
9,479
14, 819
19 204
23 857
18 424
22 234
26 798
21 876
22 052
20 766
21 260
Exports total sawmill products
M bd ft
24 977
20 639
7,467
10 044
9,423
13, 785
8, 167
8 560
10 124
Sawed timber
do
10 848
9 859
11,052
10 270
10 160
7,352
9,864
11,037
Boards, planks, scantlings, etc
- -do _.. 14, 129
12, 375
13, 013
10, 824
13, 813
11,343
11, 136
10, 369
11, 892
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
dol. per M bd. ft - 78 614 77 414 75. 607 75 981 76 201 75 834 75 589 76 073 75. 950 75. 956 1 80 577 r 83 202
Flooring, C and better, F. G., 1" x 4", R. L.
dol. per M bd. ft- 122. 071 120. 614 119.511 118. 286 117. 674 114. 305 112.498 111. 169 111. 169 110. 556 1115.675 r 120. 750
Southern pine:
473
638
659
480
445
628
701
Orders new
-_ _
_ _ mil. bd. ft_
547
547
630
597
668
195
144
151
245
191
194
252
186
140
151
Orders unfilled end of month
do
148
184
600
597
485
609
535
508
549
582
578
580
587
658
Production
-- __do
637
441
543
470
621
594
644
675
676
526
547
597
Shipments
do
Stocks (gross), mill and concentration yards, end of
1,911
month
mil. bd. ft
2 003
1 962
1 882
1 949
2 018
2 005
1,948
1 854
1 788
1 873
2 020
6,547
6,447
7,254
7,085
5,875
6,754
6,521
5,690
Exports total sawmill products
M bd. ft
7,398
5 921
6,236
7 287
1,488
853
909
1 654
743
1 678
1 087
1 115
1 410
Sawed timber
do
1 583
830
1 800
5,059
5,594
5 639
5,111
4,781
5 600
Boards planks scantlings, etc
do
5 815
6,342
4,197
5,149
5 487
5 091
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6", R. L.
74 643
74 496 i 75 045
75 149 1 75. 347
75 921 '76 726
dol per M bd ft
75 600
76 921
77 101 i 75 833
76 490
Flooring, B and better, F. G., 1" x 4", S. L.
1
dol. per M bd. ft
144. 979 144 979 143.999 143. 262 143. 262 142. 352 140. 672 140. 014 137. 624 1 137. 536 136. 782 136. 782
Western pine:
455
783
563
723
772
Orders new
mil bd. ft
709
460
545
394
658
640
659
369
334
493
Orders unfilled, end of month
_ _ _ _ do_
375
320
360
384
421
410
512
483
467
710
847
544
496
477
836
728
466
511
556
655
678
Production
do
699
470
816
726
516
523
521
524
625
685
671
801
Shipments
do -1,887
1,953
2 026
2,052
1.974
1,981
1,899
1,869
1,918
2,028
1,968
1,876
Stocks gross mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common,
r
67 990
66 900
67 090
68 530
67 600
1" x 8"
dol per M bd ft
67 690
66 870
67 350
67 520
67 930
68 530
69 260
3 557
5,443
628
519
762
752
825
p 81 571
p 120.533
695
207
710
733
1,765
p 77 470
p 137.069
716
378
844
821
1,976
p 70 756
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders new
Mbd.ft__
Orders unfilled end of month
do
Production
do __
Shipments
_ _ -- do
Stocks (gross) mill end of month
do
Oak:
Orders new
do
Orders unfilled, end of month _
__ _ do __
Production
do
Shipments
-- do _
Stocks (gross) mill end of month
do
Plywood (except container and packaging) , qtrly. total:*
Shipments (market)
M sq ft surface measure
r
3,650
3,225
13, 950
13 500
4,200
3,750
9,350
79, 633
38, 815
81, 570
84, 222
95, 291
3,500
3,275
9,475
63, 549
35, 063
67, 745
67, 301
93,293
2,350
12, 800
3,450
2,850
3, 625
13 200
3,650
3,350
2,750
13, 100
2,900
2,600
2,700
13, 025
3,025
2,625
10, 050
10, 250
10, 750
11, 125
52, 671
34, 277
59, 611
55, 926
96, 978
67,600
64, 824
43, 738
60, 580
56, 986
103, 716
70, 590
45, 822
66, 416
67, 033
101, 086
189, 915
37, 864
69, 384
64, 013
100, 122
175 231
3,725
13 500
3,050
3,150
12 000
87 723
55,360
71 535
78, 185
92 963
3,100
10 825
4,300
9,550
3,800
11,500
3,500
80 068
56, 108
73 987
80, 553
84 457
72, 949
51, 891
75 231
78, Oil
81 677
75, 867
52, 030
77, 877
77, 688
80 587
3,600
12,400
3,200
13 525
3,125
3,425
r
17o 285
4,100
9,150
4,225
11 350
3,575
3,850
8 850
89 598
58, 334
78 505
83,190
75 588
3,275
3,250
11 125
11, 025
76 725
53, 875
82 603
82, 947
74 097
70 840
41, 084
89 426
86, 594
76 877
3,750
3,375
9,200
3,600
3,200
9,750
212 978
Revised.
* Preliminary.
* Not entirely comparable with earlier data.
9 Revisions for production for January 1955-July 1957 will be shown later.
^Revisions available upon request are as follows: For lumber production, shipments, stocks, and orders—1955-July 1957; for plywood shipments—3d quarter 1953-lst quarter 1957.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December 1958
1957
1958
October Novem- December
ber
January
February
March
April
May
June
July
August Septem- October November
ber
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.) :
Exports totalf
thous of short tons
ScrapJ
do
Imports, totalf
do
Scrap
do
Iron and Steel Scrap
Production and receipts, total
thous of short tons
Home scrap produced _
_ _ _ do
Purchased scrap received (net)
do
Consumption, total
do
Stocks consumers' end of month
do
Ore
Iron ore (operations in all U. S. districts):
Mine production
thous. of long tons _
Shipments from mines
do
Imports
do
U. S. and foreign ores and ore agglomerates:
Receipts at iron and st^el plants*
Consumption at iron and steel plants*
Exports, inch reexports*
_
Stocks, total end of month*
At mines
At furnace yards*
At U. S docks*
do
do
do
do
do
do
do
423
219
1 020
563
142
24
1 046
620
108
19
708
323
139
13
706
341
99
16
521
249
91
12
642
335
128
20
638
347
130
9
650
369
143
15
487
245
181
22
382
196
242
26
360
167
212
38
6,190
3,792
2,398
5,974
9,112
5,291
3, 350
1.941
5, 442
8.968
4,779
3,009
1.770
4,795
8,949
4.514
2,943
1.571
4,561
8,906
3,919
2,456
1,463
3,910
8,906
4.314
2,583
1,731
4,164
9,060
4,000
2, 358
1,641
3, 841
9,239
4.208
2,527
1,681
4,326
9,124
4,619
2,802
1,817
4,938
8,807
4,230
2,464
1,766
4,163
8,876
4,731
2,699
2,032
4,707
8,903
11, 337
12, 834
3,862
4,974
5, 348
2, 590
3, 258
1,559
1, 956
3,375
1, 455
1,785
3,051
1,239
1,460
3,012
1,411
1,568
2,997
1,534
1,736
5,439
5, 208
2,257
8,118
9,071
3,008
8,698
10, 503
2,951
8,665
9,977
2,854
9,026
9 944
16, 276
10, 272
454
73, 870
5,425
63, 557
4,888
9,339
9,066
101
73, 479
4,838
63, 384
5,257
3,864
8,223
38
70, 573
6,536
58. 877
5,160
3,078
7, 605
37
67. 950
8,742
54, 349
4,859
2 515
6, 484
65
66, 035
10, 633
50,379
5,023
2,885
6,947
67
63. 299
12, 228
46, 317
4, 754
3,099
5, 934
83
61, 636
13, 693
43, 437
4,506
6,161
6,217
298
61, 829
13, 993
43, 381
4,455
10, 959
6,674
468
65, 232
12, 972
47, 667
4,593
12, 445
6.624
698
69,764
11, 170
,53, 725
4,869
11 769
7,419
605
73, 332
9,858
58,075
5,399
12 150
7,900
505
76 962
8,950
62 325
5,687
r
r
r
r
r
5, 113
2, 945
2, 168
5, 009
9 014
5,685
3,305
2,380
5,687
9 005
12 645
9,128
65 843
5,856
Manganese (manganese content), general imports*
134
87
136
116
96
thous of long tons
140
141
98
81
86
71
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace prod, of ferroalloys) f
4,048
6,454
5,711
4,016
4,419
3,788
4,396
4,278
4,769
5,213
4,785
5 836
thous. of short tons
5 041
5,683
4,135
4,843
3,784
4,279
Consumption
do
6,350
5,114
4,714
3 978
4,283
4,546
5 068 f> 5 867
Stocks (consumers' and suppliers') , end of month
3,695
3,923
3,851
3,707
3,873
3,831
3,817
3,886
4,022
4,032
3,757 r 3, 740 f 3, 780
thous. of short tons .
Prices, wholesale:
65.95
65.95
65.95
65.95
65.95
65. 95
65.95
65.95
65.95
65.95
65.95
65.95
65.95
Composite
dol. per long ton
65.95
66.00
66.00
66.00
66.00
66.00
66.00
66.00
66.00
66.00
66.00
66.00
Basic (furnace)
do
66 00 p 66 00
66.50
66.50
66.50
66.50
66.50
66.50
66.50
Foundry, No. 2, Northern
do
66.50
66.50
66.50
66.50
66.50 p 66. 50
Castings, gray iron:
Orders, unfilled, for sale, end of month
740
705
570
632
676
638
590
582
573
580
614
thous of short tons
645
r
940
1,100
753
820
792
864
807
868
802
868
796
Shipments, total
do
917
601
483
444
390
457
472
447
542
466
436
514
For sale
do
538
Castings, malleable iron:
80, 074
74, 863
59 047
46, 603
82, 995
47, 664
48,260
54, 330
58, 340
55 145
67, 292
Orders unfilled for sale end of month short tons
58 405
67, 904
48, 306
51, 882
77, 667
60. 425
62, 734
54, 650
41, 865 49, 252 r 56 836
51,708
50, 695
Shipments, total
do
38, 085
26, 656
34, 343
31, 006
24, 479
34, 920
29, 624
29, 388
31, 077
For sale
do _ _ 45, 989
29, 414
31, 999
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
9,198
8,393
5,782
6,301
6,754
5,533
7,127
6,420
7,420
6,255
* 8, 582
Production..
_ _ _
thous. of short tons. _
7,286
7,610 •• 8, 818
P74
54
53
81
77
48
62
54
66
57
52
74
61
66
Percent of capacity d1--121.9
p 124. 7
88.6
129.3
94.9
90.0
87.9
80.4
103.5
90.3
104.3
102.4
Index*
1947-49=100-110.5 r 124. 0
Steel castings:
87, 002
92, 861
146, 397 127, 115 120, 787 120, 722 103, 297 106, 233 91, 464
68, 802
80, 886 r 85 277
Shipments, total
short tons
98, 436
79, 708
66, 086
71, 624
92, 125
94, 717
82, 195
69, 121
48, 618
113,216
59 816
For sale total
do
64 586
26, 892
10, 416
14, 185
23, 403
16, 647
5,400
8,021
31, 477
22, 545
16, 180
11, 956
Railway specialties
do
9 205
Steel forgings (for sale) :
364.5
288.4
241.9
240.1
400.6
342.8
317.9
265.9
256.5
242.0
Orders, unfilled, end of mo
thous. of short tons
270.1
280 1
104.8
82.5
78.5
67.4
125.6
98.5
93. 1
92.3
86.6
107.8
Shipments total
do
79 9
89 0
56.7
79.3
69.9
81.5
69.1
65.3
50.8
61.4
93.6
73.5
60.6
Drop and upset
do
70 0
25.4
21.8
31.9
25.1
23.2
21.3
16.6
26.3
23.1
21.9
18.5
Press and open hammer
.__ _ _
do
19 0
Prices, wholesale:
.0677
.0677
.0677
.0677
.0677
.0677
.0697
.0698
.0677
.0677
.0677
.0677
.0695
Composite, finished steel (carbon)
dol. perlb__
.0697
Steel billets, rerolling, carbon, f. o. b. mill
92.50
92.50
92.50
92.50
92.50
92.50
92.50
dol per short ton
92.50
92.50
92.50
95 00
95 00 p 95. 00
.0594
.0594
.0594
.0594
.0594
.0594
.0594
.0594
.0594
Structural shapes (carbon), f. o. b. mill dol. per Ib
.0594
.0617
.0617 p . 0617
Steel scrap, No. 1 heavy melting:
32.36 1 34.69 1 36.02
33.12
32.99 1 36.08
35.58
41 81 1 41 77 p 41. 48
Composite (5 markets)*
dol per long ton
36. 00
32.50
33. 50 i 35. 00 i' 2 34. 00 132.00
Pittsburgh district
do
38.50
31.50 1 33. 00
36.00 1 43.50
42. 50 p i 43. 00
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):©
1,602
1,763
Orders, unfilled, end of month
thousands
1,767
1,703
1,781
1,690
1,646
2,026
1,820
1,638
1,666
1 707
1,759
1,932
1,692
1,814
1,883
Shipments
do
2,135
1,649
1,846
1,852 r 1, 846
1,796
2 142
76
89
60
79
81
87
80
Stocks end of month
do
80
70
88
80
74
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use
short tons ••405,814 285, 436 292, 210 323, 648 305, 458 352, 212 319, 748 365, 343 407, 669 475, 505 589 680 552 870 445, 790
»• 259, 694 169, 411 168, 614 190, 949 181, 864 213, 521 178, 441 198, 646 222, 295 287, 120 415,647 389, 407 285, 299
Food
do
Nonfood _.
do
146, 120 116, 025 123, 596 132, 699 123, 594 138, 691 141, 307 166, 697 185, 374 188, 385 174,033 163, 463 160, 491
Shipments for sale
do
348, 333 242, 053 248, 644 269, 259 258, 637 304, 212 261, 744 305, 622 350, 452 414, 732 520,655 476, 966 387, 333
1,366
1,453
1,444
1,434
1,315
1,654
1, 583
1,652
1,578
1,528
1,367
Closures (for glass containers), production :{:_-- millions _ _
1,413
1,555
18, 533
32, 549
22, 795
23, 135
19, 990
33, 992
21, 462
27, 713 29,888
24, 142
Crowns, production.-_ _ thousand gross _ 25, 386
23, 340
23, 298
Steel products, net shipments:
5,606
4,649
5,093
5,215
4,263
4,449
4,082
6, 551
4,373
5,746
6 225
Total (all grades)
thous. of short tons
4,835
5 386
242
184
193
213
206
207
263
178
232
Semifinished products
do
120
176
246
220
589
641
484
296
388
548
317
337
295
Structural shapes (heavy), steel piling. __ do . _
448
349
352
399
462
524
435
404
764
636
471
502
321
401
398
394
461
Plates
do
104
133
109
100
90
101
105
109
51
Rails and accessories
_ ___ -do. __
143
43
54
68
2
*• Revised.
P Preliminary.
1 Not strictly comparable with quotations prior to January 1958.
Nominal.
fRevised (beginning with the October 1958 SURVEY) to exclude data for ferroalloys; in 1957, such exports and imports averaged 5,490 tons and 34,200 tons per month, respectively. Pig-iron
production excludes blast-furnace production of ferromanganese and spiegel, averaging 80,300 tons per month in 1957.
*New series. Iron-ore receipts, consumption, and stocks at furnaces and at docks (compiled jointly by the American Iron Ore Association and the American Iron & Steel Institute) cover
ores originating in the U. S. and foreign countries. Data beginning 1956 will be shown later. Iron-ore exports and manganese imports are from the Bureau of the Census; general imports of
manganese cover ore, concentrates, manganiferous iron ore, manganese alloys, and metal. The steel index (AISI) is based on daily average production, unweighted by grades of steel (FRB
index on p. S-2 is weighted); monthly data for 1929-56 will be shown later. Composite scrap price (U. S. Department of Labor) represents the weighted average of consumers' buying prices
(including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Los Angeles, Birrrfingham.
cfFor 1958, percent of capacity is calculated on annual capacity as of Jan. 1, 1958, of 140,742,570 tons of steel; for 1957, data are based on capacity as of Jan. 1, 1957 (133,459,150 tons).
©Beginning January 1957, data include light-type grease drums; see note marked "©" in September 1958 SURVEY.
^Revisions for 1956 are available upon request.
SURVEY OF CURRENT BUSINESS
December 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-33
1958
1957
October Novem- December
ber
January
February
March
April
May
June
July
August
Septem- October November
ber
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products — Continued
Steel products, net shipments — Continued
Bars and tool st'M'l tot"!
thou y of short tons
Bars- Hot rolled (incl lis'lit shapes)
do
Reinforcing
_
do
Cold
finished
do
Pipe and tubing
do
Wire and wire products
do
Tin mill products
do
Sheets and strip (incl. electrical), total
do
Sheets* Hot rolled
do
Cold rolled
do
Fabricated structural steel:
Orders, now (net)tthons. of short ftons_.
SMpmentsf
lo
Backlog, end of month t
do
896
617
163
110
889
264
370
2,319
651
1. 147
783
538
142
96
736
997
321
2,113
616
1. 025
645
455
100
84
653
195
271
1,831
521
911
682
468
118
89
615
234
559
1, 801
511
873
572
385
107
75
508
204
475
1,499
435
702
626
399
141
80
454
240
516
1.517
416
710
628
376
176
71
511
251
565
1, 396
387
628
685
415
191
73
592
285
491
1, 508
437
661
906
542
274
85
740
354
522
1,932
574
852
587
344
175
63
513
197
514
1,484
414
719
455
180
79
567
252
560
1,744
474
800
810
518
193
94
561
263
633
2,102
617
965
887
594
184
102
625
283
917
2,338
687
1,074
181
385
3, 322
218
334
3, 233
141
320
2, 959
162
317
2,778
186
283
2, 727
196
337
2, 542
208
324
2,387
224
328
2,211
287
329
2, 191
331
291
2,220
226
298
2,119
256
314
2,047
259
307
1,913
133, 759
34, 869
135, 024
32, 030
140. 036
28, 580
139, 910
28, 565
121, 980
23, 095
4, 019
4 573
124, 999
24, 128
126, 327
22, 630
115,326
20 697
118,541
20, 803
125, 416
22, 802
124, 714
14, 076
2.279
17,857
1,764
24 886
1, 767
18,320
2, 009
17, 343
1, 603
4, 949
2,016
11, 283
1,938
14. 076
2,024
15, 127
2.128
27, 306
2, 284
15 077
2 574
183,414
.2810
172,105
. 2810
171, 145
2810
1 76, 069
. 2810
179, 441
. 2810
9,999
.2810
187, 390
.2610
183, 557 168, 096 152, 554
. 2610
.2610
. 2610
145,205
. 2078
320.0
232. 8
121.6
64. 1
280. 5
187. 0
95.2
58.9
292. 1
177. 5
90. 0
53.1
269. 8
193. 7
102 0
57.8
235. 2
179.0
93.9
50. 7
89, 132
115. 234
78, 296
36 938
18, 654
90, 089
127, 951
86, 063
41 888
17, 940
90, 386
132, 303
94 389
37 914
15 624
90, 255
123.862
88, 487
35 375
16 758
81,717
109, 100
78, 455
30 645
16, 883
7, 234
4, 530
6, 757
7, 773
6.277
84, 107
103. 689
75, 560
28, 129
19, 253
78, 391
107. 431
83, 091
24. 340
19, 349
54, 741
12, 431
46, 650
18,427
47, 720
11,206
53,182
16, 280
47, 603
15, 320
8,945
0, 542
52, 627
14, 940
31, 698
9,015
25, 103
20, 076
128, 064
269, 700
109, 439
. 2634
35, 689
30, 897
108, 395
279, 398
123.730
.2634
28, 421
26, 123
102, 425
288, 360
124 640
.2632
30, 265
29, 338
106 152
301, 807
132, 139
.2511
21, 056
18, 903
93, 237
329, 242
136, 107
.2440
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary, domestic
short tons__
Estimated recovery from scrap® __„ _ . _ _ . _do _
Imports (general) :
Metal and alloys, crude.
-_ - _do
Plates, sheets, etc
,_ do
Stocks, primary (at reduction plants), end of month*
short tons-Price, primary ingot, 99%-f- __.
dol. per Ib
Aluminum shipments:
Mill products and pig and ingot (net)
mil. of lb__
Mill products, total
do
T"*lato and sheet
do
CastingsA
do
Copper:
Production:
Mine, recoverable copper A
short tons_.
Rennery, primary _ _
_.
_
do
From domestic ores
do
From foreign ores
do
Secondary recovered as refined
do
Imports (general):
Refined, unrefined, scrap©
__.do .
Refined
do
Exports:
Refined, scrap, brass and bronze ingots _ do
Refined
_
do_Consumption, refined (by mills, etc.)
do
Stocks, refined, end of month, total
do
Fabricators'
do
Price, bars, electrolytic (N. Y.)
dol. per lb__
Copper-base mill and foundry products, shipments
(quarterly):
Brass mill products
^
mil of Ib
Copper wire mill products ©
do
Brass and bronze foundry products
do
Lead:
Production:
Mine recoverable ^eadA
short tons
Secondary, estimated recoverable©
do
Imports (genera-) ore©, metal
do
Con su m ption, total
do
Stocks, end of month:
Producers', ore, base bullion, and in process©
(ABM'S)
short tons
Refiners' (primary), refined and antimonial©
short tons.Consumers' total
do
Scrap (lead-base, purchased), all consumers._do
Price, pig, desilverized (N. Y.)
dol. porlb_.
Tin:
Imports (for consumption):
Ore©*
long tons
Bars pi°'s etc
do
Estimated recovery from scrap, total©*
do
\s metal
do
Consumption, pig, total
do
Primary
do
Exports, incl. reexports (metal)
do
Stocks, pig (industrial), end of month
.
do
Price. Dig, Straits (N, Y.), prompt
dol. per lb__
Zinc:
Mine production, recoverable zincA
short tons__
Imports (general):
Ores and concentrates©
do
Metal (slab, blocks) _ _ _
do__Slab zinc:
Production (primary smelter), from domestic and
foreign ores
short tons
Secondary (redistilled) production, total
do
Consumption, fabricators', total
do
Exports
do
Stocks, end of month:
Producers', smelter (AZI)
do
Consumers'
do
Price, prime Western (St. Louis)
dol. per lb__
Zinc oxide (zinc content of ore and concentrates
used in nroduction) _
_
short tons__
r
4
474
373
213
28, 663
38, 856
47, 952
105, 337
24 042
36, 283
45 292
86, 385
25 9«2
30, 741
57 701
79, 298
111, 683
102, 401
58, 211
105 634
49, 495
.1369
70, 101
116 630
44, 979
.1350
251.4
190. 1
100.8
50. 5
278.0
211.5
113.0
44. 9
283.4
217. 3
115.7
44.1
304. 0
228. 3
118.4
40.7
301. 1
229.7
118.8
38.8
61,222
94, 963
67, 912
27, 051
15,131
67, 039
104,630
73, 693
30, 937
18, 746
58, 900
19, 558
33, 705
7,871
27, 852
3,443
137 429
123, 049 122 872
. 2680
.2680
301. 7
213.4
110.0
45.0
68, 252
103, 197
78, 597
24, 600
18, 200
4
r
82, 987
114, 662
82, 602
32, 060
16, 116
91, 518
121, 052
88, 564
32 488
19, 060
34, 293
5,120
25, 192 30, 326
7, 539
43, 851
27, 987 43, 482
36, 618
47, 284
2, 584
23, 920 36, 746 21.232 26, 130
40, 551
32, 238 43, 141
4, 621 '91,946 * 85, 276 M 08. 351 " 80, 114 ' 116, 250
r 114, 979 Pl36, 351
4, 803 375, 005 379, 069 r 367, 381 360, 104 316, 448 '268,726 P207, 350
136,
6,623 136, 679 137, 508 ' 229, 897 432 118, 422 '110,624 plOl, 120
. 2469
.2402
. 2425
.2609
.2430
. 2567
.2608
.2731
25 801
31. 715
51 015
82, 100
23 632
28, 909
39 601
71, 700
8, 307
6, 329
>7, 865
8, 000
112,914
116, 546
112.879
90, 777
122 433
48, 025
. 1300
100. 303
127 489
44, 401
. 1300
118,677
113 871
41, 178
.1300
10
2 33?
0
2 900
0
2 915
.2867
r
422
324
187
414
333
202
.2680
374.7
231.1
119.3
52.8
419
359
'190
19, 414 r 19, 344
24,864
28, 651
39, 797
'83,000
90, 200
21, 274
118, 585
112 599
99, 864
168, 495 169, 958
r
101,357 106, 692
34, 864 31, 689
. 1086
.1087
.1264
.1300
.9647
.9896
25, 664
29, 811
53, 597
79, 400
24, 225
28, 260
59, 984
75, 800
22, 776
26. 586
50, 794
80, 000
20, 983
23, 563
35, 662
79, 500
5, 309
117, 996
110,238
110,532
116,016
7, 938
3, 950
4, 569
.1300
142, 232
111, 599
42, 543
.1200
154, 105
119, 167
39,211
.1171
162,476
113,470
35, 310
. 1122
164,072
105, 085
36, 025
.1100
1,279
3, 173
1, 450
286
6, 000
3, 975
42
19,655
.9298
2,037
2, 691
1,600
220
5,775
3,830
42
18, 920
.9449
1, 796
4,510
1, 860
325
5.840
3,885
7
20, 480
. 9462
45
2, 153
1, 650
360
5, 765
3, 955
179
22, 025
.9489
0
3 558
1,820
260
6, 065
4,250
295
21, 820
. 9494
i 297
6, 975
4 195
135
23, 275
.9184
290
5. 925
3 590
136
23, 355
.8923
275
5, 355
3 310
190
22, 423
. 9232
6, 320
3 950
49
20, 596
. 9268
5, 685
3 720
48
20, 055
. 9375
1,050
4, 267
5, 250
2 786
5, 920
3,880
228
1, 100
.9433
39, 746
36, 043
39, 895
38, 708
33, 545
5. 624
39, 405
35. 834
32, 971
28, 769
32,
29, 287 ' 30, 136 271
46, 269
21, 776
48, 171
16, 083
48, 629
22, 089
45, 288
12, 889
48, 724
15, 307
3, 244
6,901
44, 213
13, 554
35, 499
11, 864
42, 090
13, 304
34, 915
24, 178
26, 312
16 872
76, 349
5, 143
87, 898
518
74, 633
5, 121
76, 595
156
81, 666
4, 604
67, 421
78 194
4,149
69 ?95
413
65, 459
2,895
60, 437
343
)9, 040
3, 234
9,978
11
66, 572
3,642
58, 432
136
67, 167
3,851
61, 907
79
63, 551
3,416
68, 590
10
61,051
4, 068
60, 007
1
58, 461
4,466
70, 033
16
58, 992
4,713
75, 022
10
155, 925
71,844
.1000
152, 513
74, 095
.1000
166, 660
85 006
.1000
180, 346
87 169
. 1000
189, 189
81, 584
. 1000
3,641
5,955
.1000
221. 171
71, 820
.1000
240. 670
70, 224
.1000
252, 979
63, 398
.1000
257,911
62, 959
.1000
251,529
63, 484
.1000
238, 116
62, 428
.1000
7.031
6.603
5. 618
6.174
5.833
6,819
6,041
6,070
2 Total for January-March.
6,376
(3)
(3)
4 602
3 780
1
1
r
6,380
4, 350
30
20,690
.9401
210, 176
191, 744
.1084
.1137
6, 879
8,038
7,800
8,935
Quantity (valued at less than $200) not available.
1
3
Revised.
v Preliminary.
Represents secondary pig tin production excluding remelt tin.
Source: American Bureau of Metal Statistics.
tData for 1947-57 have been revised to incorporate adjustments to materials from the 1954 Census of Manufactures; revisions appear on p. 19 of the November 1958 SURVEY.
©Basic metal content.
ARevisions for aluminum castings (1955) and copper, lead, and zinc mine production (1956) will be shown later.
*Xew series. Source: 17. S. Department of the Interior, Bureau of Mines, except imports of tin ore (Bureau of the Census). Tin recovery data represent total secondary tin recovered from
crap processed in the United States. The total includes tin recovered in all forms covering alloys, solder, type metal, babbitt, etc., as well as in metal (secondary pig tin and remelt tin) which
s shown separately. Data in 1957 BUSINESS STATISTICS represent total production (both primary and secondary).
SURVEY OF CURKEXT BUSINESS
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
Novem- DecemOctober
BUSINESS STATISTICS
ber
ber
December 1958
1958
January
February
March
April
May
June
July
Aii£mst Septem-
Oct()ber
Xov.rn-
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and con vectors, cast iron:
Shipments
thous. of sq. ft. of radiation
Stocks, end of month __ _
__
do_
Oil burners:
Shipments
number
Stocks, end of month
do
Stoves and ranges, domestic cooking, excl. built-ins:
Shipments, total
number
Coal and wood
do
Gas (incl. bungalow and combination)
do
Kerosene, gasoline, and fuel oil
do
Stoves, domestic heating, shipments, total©
Coal and wood
Gas0
Kerosene gasoline, and fuel oil
2,651
4,027
TT
t h
t
''
c\
s PI
c\
Foundry equipment (new), new orders, net
mo. avg. shipments, 1947-49=100Furnaces, industrial, new orders, net:
Electric processing
- thous. of dol
Fuel-fired (except for hot rolling steel)
do
Industrial trucks (electric), shipments:
Hand (motorized)
__
number
Rider-type
_
_ _ _
do
Industrial trucks and tractors (gasoline-powered),
shipments
number
Machine tools (metal-cutting and metal-forming) :f
New orders (net), total
mil. of dol
Domestic
_ _ do
Shipments total
do
Domestic
- do
Estimated backlog
months
Other machinery and equipment, quarterly shipments:
Construction machinery (excavating and earth-
1,343
3. 761
1,229
4,270
1,890
4, 405
1,361
4,807
1, 135
5,403
5,769
1,440
1.457
5,300
2,095
4,950
44,613
41, 298
29, 276
39, 054
40. 193
38, 308
33. 984
37, 950
30, 695
45, 002
33, 073
52, 440
40, 840
49, 881
48, 403
52, 485
45, 047
47, 782
58, 921
41, 968
74,611
35, 265
188, 661
6,227
175,627
6, 807
146, 777
3,328
137, 166
6.283
126, 521
2, 350
119, 189
4, 9X2
125,951
3.674
115.391
6, 886
133, 652
3, 003
121, 655
8, 994
145, 868
3,493
132. 798
9.577
140,666
2,764
133, 541
4,361
138, 614
2,924
129, 163
6,527
142, 554
122, 010
148, 303
5, 246
3,668
113,362
4,980
170, 490
5, 659
158, 146
6,685
362, 410
49, 997
251,913
60, 500
173, 398
17, 055
127, 137
29, 206
78, 066
6, 832
59, 094
12, 140
75, 764
6, 592
48.412
20. 760
94, 988
7, 364
54, 931
32, 693
114.983
11,999
69, 387
33, 597
100, 038
11,632
61,214
27, 192
97, 378
12, 375
63, 702
21, 301
145, 234
17, 334
98, 481
29, 419
202, 594
24, 720
131, 441
46, 433
263, 185
133, 286
82, 380
37, 628
5, 812
230, 690
Warm-air furnaces (forced-air and gravity air-flow),
shipments total©
number
Gas
do
Oil
do
Solid fuel
do
Water heaters gas, shipments
do
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
5,' 482
70, 999
42, 639
do
do
do
do
1,995
3,510
96, 745
61, 884
26, 524
2,892
169, 261
62, 542
41, 570
15, 804
1, 645
168, 719
70, 961
47, 928
21, 160
1,873
232, 784
68, 205
46, 651
19,712
1,842
212, 464
72, 716
52, 036
18, 884
1,796
220, 009
71,992
50, 808
19,314
1,870
218, 673
79, 758
56, 373
21, 802
1,583
205, 764
98, 608
69, 800
26, 044
94, 064
124, 199
85, 356
34, 911
1
39, 476
23,914
^
3,648
133,660
2,764
226, 886
34, 257
17, 750
65,254
25, 941
2, 869
217, 383
4,489
136, 936
6,878
35,013
175, 457
52, 715
3,932
211,634
333 778
58i 129
218, 012
57, 637
153,269
103, 852
43. 818
5,599
224, 691
30 113
20, 308
' 32, 884
' 18, 524
l
59.6
61.4
57.9
85.9
88.7
136.1
87.7
77.9
74.1
64.5 |
118.9
1,448
1,400 i
749
1,634
1.593
2, 180
701
1,593
1.420
717
803
1,083
879
2,248
709
~488
979
1,344
1,217
3. 578
1,177
2,010
1,119
771 i
908
854
600
373
532
366
504
389
515
383
471
370
459
394
456
373
353
277
453
353
233
211
385
294 '
467
295
1,639
1,518
1,812
1,305
1, 264
1,453
1, 563
1,365
1,324
1, 134
1,182
1,510 i
1, 368
39.70
32.70
76. 05
66.05
3.2
35. 15
30.80
59. 75
51. 60
3.1
24. 85
20. 05
70.10
63. 25
2.8
26.85
22.00
57. 80
50.80
2.7
28. 30
23. 75
48.05
43.15
2.7
36.15
29.80
54.15
48.50
2.7
28.30
20.85
50.90
44. 20
2.6
28.05
23.85
32.10
26.55
21.95
28.30
23.20
29.80
24.95
2.7
2.8
145.3
45. 380
Farm machines and equipment (selected products,
121,331
excluding tractors) d*
thous. of doL.
Tractors (except garden), total, incl. contractors'
off-highway wheel-type tractors?©
units ._
Value 9 0
thous. of dol...
2
2
Tracklaying©O
units 2 2 3, 409 2 1, 790 2 1 , 829
Value© O
thous. of dol 2 28, 153 2 16,351 2 16, 426
14, 089
15.338
Wheel-type (exc. contractors' off -highway) . .units. _ 2 20, 274
42, 391 2 28, 097 2 29. 375
Value
thous of dol
Pumps (steam, power, centrifugal, and rotary), new
orders
- - thous. of dol 5,838
4, 906
6,158
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only) shipments
thousands. . 3,042
2, 359
2, 015
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales*
thousands-.
116.8
113.8
120.4
Refrigeration, output (seas, adj.)©
1947-49= 100. .
125
148
141
Vacuum cleaners (standard type), sales billed
thousands. _
237. 5
251. 1
328.7
Washers, sales billed (domestic and export) A--do
267.8
213. 5
377.6
Radio sets, production^
_
do
1, 569. 2 1, 688. 9 4 1, 793. 3
Television sets (incl. combination), prod.§
do
574.6 4 573. 5
662.0
Insulating materials and related products:
Insulating materials, sales billed, index
1947-49=100.123.0
112.0
133.0
Vulcanized fiber products, shipments. -thous. of dol_.
1, 575
1,692
1,732
Steel conduit (rigid), shipments
thous. of ft__ 35, 044
28, 921
24, 889
Motors and generators, quarterly:
New orders, index
1947-49=100150.0
Folyphase induction motors, 1-200 hp:J
New orders...
_
thous. of dol
39, 178
Billings
_
- _ - - _
do
43, 347
Direct current motors and generators, 1-200 hp:t
|
New orders
thous. of dol
6,441
Billings
do 10, 245
57.6 '.
415 i
325
24.30
45.50
38.90
50.10
41.70
2.5
29.70
24.50
2.5
' 28. 10 i P37.00
T
24. 65 i P32.05
r
34. 90 p 41. 15
r
29. 65 p 35. 70
2.9 | P3.0
I
218, 593
_ ..
!
!
! _
i
i 255,689
i
1
2
2,246
2
19,092
2
21 . 635
2
2 1, 725 2 2,511
2 16,687 221,073
221,768 2 24, 607
43, 558 2 42, 662 2 51, 860
2
2
2
2 2, 936 2 2, 633
32, 855 2 24,383
25, 890 2 19,322
2
56, 609
42, 664
2
2
2 3, 399
34, 167
15,957
2
35, 667
2, 977
28, 362
16, 677
37, 091
2
2
2
2
2
2
2
2
2
2, 047
25, 552
18,018
34, 686
2
2
2
2, 679
25, 576
17, 476
36, 848
5,918
6,004
5,313
6,728
5,467
5,088
5,663
2,004
1,803
1,577
1, 242
1,454
1,773
2,101
2,333
r
2, 704
2, 970
109.0
111
108.7
129
117.9
122
95.6
106
96.0
121
116.8
140
98. 5
145
'81.4
152
'121.8
155 ;
135.7
164
265. 5
244. 8
1,026.5
434.0
225. 6
268. 1
876.9
370.4
291.4
287.9
3 931. 3
3 416. 9
247.3
224.9
697.3
302.6
263.0
654.8
267.0
253.1
3 774. 4
3 377. 1
263.8
277.3
116.0
1,802
34, 510
106.0
1,314
24, 773
108.0
1,317
26. 053
107.0
1,362
27,549
104.0
1,188
30, 762
107.0
1, 154
5, 261
i
135.0
.
218.8
288.8
41,033
621.5
275. 0
90.0
1,015
32, 941
280.2
299.6
326.8
423.1
1, 028. 9 r31,572.0
507.5 3 621. 7
106.0
1,147
36, 383
r
339. 1
404. 1
1,305. 9 p 1,438.
' 495. 6 *>439.
1
1,509
40, 987
1,829
34,318
36, 988
33 580
211,906
140.0
33, 187
35 486
37, 077
34 817 i
4, 096
7,560
5,420
5. 881
5,338 ,
4 916
2
2, 404
r
Revised.
p Preliminary. i Data beginning 1st quarter 21958 reflect revised reporting and3 reclassification of items covered to exclude the household fan group, except for attic fans. F<
4
4th quarter 1957, comparable new orders totaled $34,770,000.
Data are for month shown.
Represents 5 weeks' production.
Represents 6 weeks' production.
©Revisions will be shown later; see note in September 1958 SURVEY for period affected.
9 Includes data not shown separately.
D Excludes oil-fired unit heaters; orders for sue
heaters were less than $50,000.
fRevised, effective with the April 1958 SURVEY, to include the metal-forming types; comparable data for 1956 will be shown later, cf Data exclude shipments of farm elevators and blower
see note in September 1958 SURVEY.
O Data beginning January 1958 exclude tracklaying tractors shipped as integral units of tractor-shovel loaders, which are included in earlier data. Shipments of such types totaled 51
unitsin September 1958.
*New series. Source: National Electrical Manufacturers Association. Data represent estimated industry totals based on member reports which account for approximately 85 to 90 percei
of the total industry. Monthly data back to January 1956 will be shown later.
AAdjusted beginning with the October 1958 SURVEY to include export sales. Data exclude sales of combination washer-dryer machines. Such sales (including exports) totaled 22,800 uni
in October 1958.
§Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for March, June, and September 1958 cover
weeks; for December 1957, 6 weeks; all other months, 4 weeks.
fData for induction motors cover from 24 to 28 companies; for d. c. motors and generators, from 16 to 22 companies.
SURVEY OF CURRENT BUSINESS
December 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-35
1957
1958
October Novem- December
ber
January
February
March
April
May
June
August
July
Septem- October November
ber
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. of short tons
2,262
1,928
1 826
532
Stocks in producers' storage yards, end of mo do
510
500
329
Exports
_ _ _ _
_ _ _ _
do _
270
240
Prices:
28.56
28.90
Retail, stove, composite
dol. per short ton28.90
15. 022
Wholesale, chestnut, f o b car at mine
do
15 092
15 512
Bituminous:
Production
thous. of short tons
45, 729
38,508
37, 163
Industrial consumption and retail deliveries, total t
r
thous. of short tons__ ' 35, 702 ' 34, 334 r 35, 163
r
' 32, 192
Industrial consumption, total §t
do
31,175
31, 240
13 345
Electric-power utilities
do
13 521
13 646
r
Oven-cokef
do
8, 723 r 7, 865 T 7, 229
r
r
^205
Beehive coke ovens
do
153
139
Steel and rolling mills §
do
569
621
680
Cement mills §
do
789
786
817
Other mfg. and mining industries §
do
7,594
8 123
7 685
Railroads (class I)
Bunker fuel (foreign and lake vessel) §_
Retail deliveries to other consumers §
_ _ _ _ _
»• 1,999
27 80
13 951
27 95
p 14 338
35 960
39, 100
28, 204 r 29, 473
26, 141 r 26, 647
12, 087
12,381
6,350
6,118
r
31, 946
29, 018
13, 094
7,207
1, 782
1, 501
1 571
1 639
1, 995
1,400
1,779
29 14
15 512
29. 14
15 512
29 14
15 512
28 21
13 279
27.66
13 279
27. 63
13 279
27. 76
13 685
27.76
13 685
37 700
31 450
31 930
29 940
30 310
33 762
23, 638
33, 470
36, 784
31, 778
14 563
6 697
33, 653
28, 622
13 352
5,758
32, 319
28, 692
13 165
6, 130
27, 130
24, 932
11 290
5,446
26, 044
24, 477
11 012
5, 555
25, 650
24, 199
11 183
5, 577
26, 278
24, 824
11,821
5, 641
420
225
84
800
706
291
200
63
787
615
275
137
72
734
626
283
117
60
583
629
341
190
65
559
700
366
232
78
486
718
395
139
54
438
729
446
164
501
235
r
r
68
466
673
94
472
683
527
1,585
38, 810
105
538
735
8 407
7,592
7,562
6, 556
6, 150
5,806
5, 829
6,097
6,609
6, 931
do
__do
626
165
607
113
584
22
521
0
452
3
400
3
320
48
276
160
227
124
191
121
197
141
215
!37
281
127
do
3 510
3 159
3 923
5 006
5 031
3 627
2 198
1 567
1 451
1 454
2 063
2 826
2 928
81, 580
80, 646
51 238
13, 935
81 521
80, 533
51 070
14 003
80
79
50
14
355
617
707
217
72 264
71, 692
46 025
12 096
70, 922
70,409
45 055
11, 906
71 296
70, 749
45 662
11, 782
72 613
71, 931
47 296
11, 585
74 646
73 789
48 670
11, 784
71, 144
70, 217
47 290
10, 040
72, 256
71, 256
48, 041
10, 119
74, 020
73, 003
49, 508
10, 523
77, 807
76, 745
50 653
11, 666
1,531
12 630
1,573
12 617
1 524
12 667
1 364
12 072
1, 228
11 142
1, 128
11 141
1, 060
11 074
1,073
10 853
1 144
11 016
1,093
10 840
1,120
11,013
1,212
10, 749
1, 329
12, 082
934
988
911
738
572
513
547
682
857
927
1,000
1,017
1, 062
6,435
5 268
4 901
4 104
2 933
3,629
4,412
4,351
4 828
4,386
5,475
4,626
16.52
16 58
16 61
16 62
16 63
16 66
16 63
16 18
16 16
16. 28
16.31
5 575
7 611
5 565
7 665
5 559
7 724
5 539
7 709
5 555
7 709
5 561
7 709
5 449
7 182
5 449
7 154
5 443
7 122
5 385
7 247
5 325
7.569
48
r
37
4 041
34
4, 302
592
3 889
4, 276
665
593
r
29
3,928
560
r
36
3 862
45
3,802
3 886
2 580
1 306
3 877
2 531
1 346
728
25
725
30
3 983
2 585
] 398
Stocks, industrial and retail dealers', end of month,
total §f
thous. of short tons
Industrial, total §t
do
Electric- power utilities
do
Oven-coke plantsf
do
Steel and rolling mills §
do
Cement mills
do
Other industrials
do
Railroads (class I)
- do
Retail dealers
2,084
2 197
687
652
625
do
Exports
do
Prices:
Retail, composite
dol. per short ton
Wholesale:
Screenings indust use f o b car at mine do
Domestic large sizes f o b car at mine
do
COKE
Production:
Beehivef
thous of short tons
Oven (byproduct) f
do
Petroleum coke 9
-_
do_ _
Stocks, end of month:
Oven-coke plants total
do
At furnace plants
do
At merchant plants
do
Petroleum coke
do
Exports
_ . _ _ _ _ _ _ _ _
do _
Price, oven foundry coke (merchant plants), f. o. b.
Birmingham, Ala.c?
_ _
dol. per short ton._
618
123
90
599
81
590
611
589
590
621
550
40
613
511
680
495
540
414
561
402
609
402
409
16 68
5 326
7. 659
P 5 331
p 7 784
r
55
4, 450
6,046
4 007
2, 588
1 419
3 993
2, 577
1 416
3 896
2 507
1 389
28.85
39
r
4 715
3 300
2 273
1 027
' 559
3 347
2 312
1 035
3 721
2,479
1 243
41
576
33
3 478
2, 346
1 133
28 85
28. 85
28. 85
28 85
28.85
28.85
28. 85
28.85
28.85
28.85
r
2, 035
21 4, 641
2 572
212 810
1 851
190, 651
1 704
194, 472
1,624
631
2 160
193, 215
1,980
190, 240
2 251
203, 700
1,842
215,114
62
2 112
212, 972
954
507
50
28.85
606
16.60
r
T
3 137
2 183
868
501
56
28.85
602
655
607
2 963
2 095
817
459
60
77
76
48
13
5 098
586
2 764
1,947
651
645
5,541
6, 166
779
868
289
092
r
646
627
622
32
669
16
638
795
48
637
821
25
604
845
28
28.85
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completedf
number
Production!
thous. of bbl
Refiner v operations
percent of capacity
Consumption (runs to stills)
_ thous. of bbl
Stocks, end of month:
Gasoline-bearing in U. S., totaL
do. _
At refineries
do
At tank farms and in pipelines
_
do
On leases
do
r
r
2, 771
21 2, 055
86
T
r
2,117
205, 249
86
r
88
86
85
81
188,
79
82
83
84
86
85
237, 143
230, 773
242, 305
237, 827
210, 663
228, 050
215, 657
229, 754
225, 803
234, 164
242, 537
232, 884
284, 517
77, 737
184, 129
22 651
281, 769
74, 340
184, 557
22 872
281,
76
183
21
284,
79
183,
21
285,
77
186,
21
278,
77
179
21
273, 959
76, 981
176, 112
20 866
263, 105
72 351
169, 908
20 846
253, 550
71 419
161,373
20 758
246,
70
156,
20
244, 810
68, 692
154, 943
21, 175
251,
69
160,
20
813
576
526
711
539
736
043
760
048
069
877
102
534
556
464
514
556
356
037
163
489
694
914
881
334
Exports
do
1,007
926
213
643
503
216
308
170
425
838
1,088
31, 182
Imports
do
32, 056
37, 651
28, 392
34 237
27, 485
31,613
34, 460
31 281
32 406
27, 608
3.07
3 07
Price (Oklahoma-Kansas) at wells
dol per bbl
3 07
3 07
3 07
3 07
3 07
3 07
3 07
3 07
3 07
3 07
Refined petroleum products:
Fuel oil:
Production:
52, 878
52, 863
47, 032
48, 342
58 506
Distillate fuel oil
thous of bbl
52, 006
51 149
50, 723
51, 145
57 120
48 179
58 455
29,789
32, 602
Residual fuel oil
_ _
do_ _
32, 059
27, 346
30, 407
29, 197
31, 054
28, 412
35, 398
33, 803
31, 468
28, 537
Domestic demand:
r
T
r
r
60, 037
36, 864 r 31, 915
48, 689
32, 135
37, 718
74 739
46, 221
37, 290
Distillate fuel oilf
do
83 604
82 169
62 298
43, 102 r 45, 974 r 53, 766
39, 019
41, 491
35, 816
34, 064
38, 118
46, 294
37, 643
Residual fuel oil t
_ _ _ _ - _
do
56, 356
50, 398
Consumption by type of consumer:
6,421
6, 102
6,435
Electric-power plants
do
6,684
5,017
4,784
5,343
6, 567
6,953
7 257
6 442
5 950
7 048
7,034
7,185
Railways (class I)
do
8 146
7 319
7 366
* 7 389
7 812
7 826
6 665
6,918
7,596
7 833
6,861
Vessels (bunker oil)
-do ___
8, 101
7,345
7, 462
6, 456
7,491
7,351
6,629
7, 130
6,647
7, 482
6, 886
7, 168
Stocks, end of month:
Distillate fuel oil
do
176 388 166, 763 149 449 122 375
76, 239
87 906
75 315
89, 160 105,311 119,437 139, 862 155 412
Residual fuel oil
_
_
do
60, 025
59, 622
54, 929
59, 959
57, 562
55, 095
57, 975
61, 589
63, 864
66, 457
67, 230
67, 670
Exports:
2,022
Distillate fuel oil
do
2,239
1,364
1,753
1,395
1, 825
1,657
1,057
1, 138
1,910
1,757
1,436
Residual fuel oil
do
2 279
1 898
1 804
1,952
2 163
2 738
1 418
1 046
1 769
2 506
1 805
1 218
Prices, wholesale:
Distillate (N. Y. Harbor, No. 2fuel)_.dol. per gal.105
.105
.101
.099
.093
.096
.099
.105
.105
.093
.093
.093
Residual (Okla., No. 6 fuel)
dol. per bbl_.
1.75
1.75
1.10
1.20
1.75
1.75
1.25
1.20
1.20
1.30
1.30
1.20
Kerosene:
Production
_
_ _
_
thous. of bbl__ r 8,230
9,709
11, 042
11,204
10, 651
8, 102
8 202
10 436
7,036
6,978
6, 984
8 544
10, 122 Ml, 451 14, 593
Domestic demandf _ __
do
16, 524
17, 459
11, 020
6,091
4,379
5,272
4,278
5, 538
6 014
Stocks, e n d o f month
_ _ _ _ _ _ _ _ do
34, 384
32, 696
29, 200
16 706
18 729
23, 073
17, 202
24, 167
28 662
21, 437
25 655
31 259
Exports
do
211
109
93
45
82
73
56
58
29
44
71
51
Price, wholesale, bulk lots (New York Harbor)
dol. per gal__
.110
.110
.110
.104
.110
.106
.098
.098
.098
.104
.098
.101
r
1
Revised.
P Preliminary.
Revision for September 1957: 7,690,000 barrels.
fRevisions will be published later for indicated items as follows: Bituminous-coal consumption (January-August 1957); bituminous stocks (February and May 1957); beehive- and ovencoke production (1956); oil wells completed, crude production, and refined petroleum products (January-September 1957).
§Data for total industrial consumption, retail deliveries, total industrial and retail stocks, and for the indicated components have been revised to new benchmarks; bunker fuel figures
now include fuel on lake vessels. Revisions for consumption and retail deliveries are available on annual basis from 1933 forward and on monthly basis beginning January 1954; revisions for
stocks begin with January 1957 (earlier figures for affected items not strictly comparable).
9 Includes nonmarketable catalyst coke.
cf Substituted series (averages of weekly quotations from Steel magazine); data prior to May 1957 will be shown later.
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December 1958
1958
1957
1 -^rn^,n^
October
^Vr
December
January
February
March
April
June
May
July
August Septem- October November
ber
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products — Continued
Lubricants:
Production
- _ .
thous. of bbl
4, 476 r 4. 423
4,432
r
Domestic dernaiidf
do
2, 880
2 871
3, 621
9. 953
10, 864
Stocks, refinery, end of month
do
10, 396
Exports^ . _
_ _ _ _ _ _
_ _ _
do __
1,044
1, 065
1,043
Price, wholesale, bright stock (midcontinerit, f. o. b.
TuLsa).
_ ___ _
dol. per gal
.255
. 255
. 255
Motor fuel:
Gasoline (including aviation):
r
Production, total t
thous. of bbl- . 122, 079 "•110,973 '•124,005
107, 323 102, 699 109. 437
Gasoline and naphtha from crude oil
do
Xatural-gas liquids:
33,424
13, 224
13, 192
Used at refineries (incl. benzol) - _ do
«• 1. 332
* I , 050 ' 1,376
Used in other gasoline blends, etct
do
Domestic demandf
Stocks, end of month:
Finished gasoline
A t refineries
__
Unfinished gasoline
\ atura^- fr a^ liquid5?
do
_
___
do
d o _
do
do
Exports (motor fuel, gasoline, jet fueD
do ._
Prices, gasoline:
Wholesale, refinery (Okla., group 3)_dol. per gal__
Retail (regular grade, excl. taxes), service stations, 54 cities.
dol .per gaL_
Aviation gasoline:
Production, total- _ . . _ _ _ _ thous. of bbL.
100-octane and above
do
Stocks, end of month, total
- _ do _
100-octane and above
do
Jet fuel:
Production
do
Domestic demandf
___ do _
Stocks, end of month
do
Asphalt:©
Production
do
Stocks, refinerv, end of month
_ _ d o _.
Wax:©
Production.- _ __
__do
Stocks, refinerv, end of month
_ do
Asphalt and tar products, shipments:
Asphalt roofing, total.- thous. of squares. .
Roll roofing and cap sheet
do
Shingles, all tvpes
do
Asphalt siding
Insulated sidingcf
Asphalt board products
Saturated felts.
do
- _ _ d o _ ._
thous of sq. ft
short tons__
4.221
2 959
11,284
799
3,843
2,749
11, 360
970
3, 973
3,191
11,218
879
4, 065
2.997
11, 090
1,141
4, 325
3, 183
11,011
1,167
4. 224
3, 708
10, 659
818
4, 397
3. 303
10, 574
1,126
4, 564
3, 520
10, 215
1, 356
4, 162
3,362
10, 037
933
.255
.255
.245
.230
.230
.230
.230
.230
.230
119,265
106, 450
106, 101
94, 316
112,847
100, 019
107, 685
95, 074
115, 109
102, 562
116,865
104, 008
126, 213 <• 127, 787
112,228 113, 352
120, 010
106, 005
12,192
623
11, 151
634
11, 132
1, 696
11, 680
931
11, 164
1, 383
11, 594
1, 263
. .
_.
j
129, 925
13,323 !
682 i
i
120,600 i
166, 131
85, 118
11. 220
26, 182
164 375
82, 878
10, 962
27 437
13, 179
1. 256
12, 285
1, 700
I
r
107,281
95, 516
108, 914
118, 477
125, 137
125, 444
130, 903
r
169, 988
87, 922
10, 914
27, 838
175, 851
91,387
11,290
25, 575
186, 253
103. 555
10, 523
21, 567
196, 855
113,724
10. 260
18, 407
204, 456
123, 204
11,474
15, 240
207, 127
117,850
11,578
15, 378
194, 869
107, 779
11,471
16, 993
183, 486
98, 503
11,702
20, 752
175, 465
90, 977
10,811
23, 856
169, 709
87, 458
10,996
124,210
r
2,086
2, 629
1, 529
1,558
1,208
1,274
1,996
1,535
1,389
1,874
1,818
1,589
.120
.120
.120
.120
.115
.113
.113
.110
.115
.115
.120
.120
.220
.219
.217
.211
.218
.216
.215
.214
.214
.222
.221
.215
9,542
7, 495
13, 709
8,497
8, 985
5, 965
13, 925
7,923
9,428
6,780
14, 868
8, 521
9, 305
7,023
14, 069
8,139
8, 652
5, 889
14, 628
8,399
9, 136
6, 375
14, 363
8,186
9, 508
6,955
13, 628
7,891
9, 625
6, 448
12, 712
7, 597
9,998
6, 956
12, 273
7,591
11,024
8,120
11, 180
7,186
12, 127
8.973
10, 183
6,570
11,142
8, 455
10,564
6 846
4,723
5, 775
4,681
4,245
5,932
4,645
4, 613
4,713
4,749
4, 542
6,484
4,801
4,625
6,859
4,451
6,556
8,839
4,981
6,506
6,780
5,494
6,480
8,890
5,752
6,314
8,278
6,004
8, 085
7,863
6,107
8,996
4,703
10, 463
4,047
11,790
3,703
13, 269
4,498
14, 554
6,603
15, 698
8, 451
15, 465
9, 895
13, 953
498
655
450
655
478
666
440
702
389
694
445
719
436
721
425
735
6,053
2,535
3,519
3,707
1, 603
2,104
2,594
1,078
1,517
2,975
1,226
1,748
2,500
1,066
1,434
3,546
1,510
2, 036
5, 159
2,088
3,070
132
195
2,145
89, 541
80
115
1,308
65, 471
48
73
716
53, 418
62
73
600
63, 344
54
67
517
53,406
56
108
840
77, 156
83
131
1,648
87, 330
.
••119,408 ••107,701 '-112,754
f
5,697 :
7,603
4,488
i
'
.211 1
:
:
!
6,551
7, 260
6,253
10, 189
12, 294
10, 785
10, 256
10,352 i
8,696
445
743
390
692
422
699
6,347
2,353
3,994
6,235
2,279
3, 957
5,681
2,165
3,516
7,489
2,811
4,678
92
157
1,582
102, 313
92
167
1, 953
92, 877
90
178
2,373
75, 046
110
169
1,926
108, 623
i
I
7,061 !
9,329 ,
6, 145
r
475
708
r
.204
i
1
i
i
'
•.
6,079
2,485
3 594
5,865 i
2,377 i
3 488
114
132 !
197
188 :
1,865 ! 1 842 '
85,861 ; 80,302 ;
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
thous of cords (128 cu ft )
Consumption _
_
do
Stocks, end of month
do
Waste paper:
Consumption
~
thous of short tons
Stocks, end of month
do
WOOD PULP
Production:
Total, all grades
thous. of short
Dissolving and special alpha
Sulfate
_
Sulfite
3,226
3,196
6,697
2,766
3,002
6,548
2,813
2,638
6,653
3,184
3, 063
6,768
2,801
2,714
6,878
2,789
2,953
6,700
2,394
2,846
6,226
2,568
2,840
5,953
2,632
2,788
5,810
2,646
2,640
5,793
3,153
2,994
5,995
r 3 043
T
2 934
r g 120
3 406
3 386
6 122
782.0
474.0
678.8
488.3
645.2
523.2
689.8
516.2
667.7
493.4
706.5
495.2
711.2
507.0
726.0
489.2
723.7
476.7
686.6
488.4
781.0
445.6
r 785 2 :
' 429 4 i
802 8
435 6
tons. _ 1,961.1 1, 850. 6 1, 606. 1
67.4
87.0
91.4
do _
do
872.9
1, 086. 9 1, 037. 3
234.3
do
191.7
208.8
1, 853. 8
98.3
1,016.3
224.4
1, 677. 8
73.9
934.2
188.4
1, 809. 7 1, 731. 4 1, 741. 6 1, 729. 2
65.4
76.3
75.9
79.7
964. 0
970. 1
1,019.8
962.8
210.4
208.9
195. 5
189.9
1,629. 6
64.9
919.3
166.7
Groundwood
_.. _ ___
_
do___
Defibrated or exploded
do
Soda, semichem., screenings, damaged, etc. -do
Stocks, end of month:
Total, all mills
do
Pulp mills
do
Paper and board mills
do
Xon paper mills
.._
- d o
Exports, all grades, total
_ _ _
Dissolving and special alpha
All other-
_ _ . do
do
do
Imports, all grades, total
Dissolving and special alpha 411 other
do
do__
do
1, 873. 8 r 1,822. 6 !' 2,080.6
72. 1
88 4
75.7
1, 083. 6 '1,034.3 i 1,204.4 ;
189 1 ' 223 3
182.7
246. 2
106.5
195.8
237.0
94.0
186. 5
227.1
82.1
164.9
247.5
96. 2
171.1
234.1
89.4
157.7
244.4
94.8
164.0
243.5
84.4
159.1
252.9
93.5
160.9
235.0
95.9
164.8
222.9
96.7
159. 1
243.1
101.8
186.9
r 189.9 ;
201.4
880.3
217.6
564.3
98.5
904.9
239.9
561.5
103. 5
888.6
225. 0
562. 5
101. 1
889. 5
250. 2
542.2
97.1
894.7
261.9
536.4
96.3
920.2
266.1
558. 9
95.1
919.6
276. 5
547.4
95.7
929.5
283.5
550.8
95.2
944.4
293.1
560. 2
91.2
912.4
276.0
550. 6
85.9
883.8
265.6
537.4
80.8
'873.3 i
'258.9
T 533 3 ;
81.1
891.7
. .
275.8 ;
532 9
82.9
36.8
16 3
20.5
39.6
12 9
26.7
66. 5
31.9
34.6
46.1
18.2
27.9
43.7
18.9
24.8
49.9
22.8
27. 2
42.7
16.5
26.2
47.4
22.4
25.0
40.8
16.3
24.6
35.8
16.2
19.5
206. 1
12.3
193.8
173. 6
8.8
164.8
148. 1
6.2
142.0
141.5
4.5
137.0
161. 5
5.2
156.3
178.7
7.5
171.1
167.4
8.7
158.6
185. 6
10.2
175.4
174. 5
11.6
162.9
159.6
12.8
146.8 ;
41.7
19.6
22.1 |
151. 1
6.5
144.6
234. 5 !i
102 8
258 3 '
104 8
38 8 ::
14 2
24 6
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2,372
2, 528
2,536 : 2,500
Paper and board, total
thous. of short tons__
2, 543
2,299
2, 796
1, 056
Paper
do
1,127
1,137
1, 149
1,108 '
1,108
1,201
1, 05G
1,142
1,092
1,304
1,170
1,194
1,143
Paperboard
do _
1,112
1,038
11
13
12
13
12
13
Wet-machine board
_ _ _ _ _
. _ do
13
224
227
239
213
257
199
Construction paper and board
do
228
277
T
l
flRevisions for 1957 w ill
Revised.
v Preliminary.
New basis effectiv e July 195 3; not stri( •tly comp arable wit h earlier c ata.
cants (January, March, April, June, August, and Septei nber); gas oline (Jan uary-Sep t em her) ; j et fuel (Ja miary-M ay and Se ptember)
cf Data prior to 1957 will be published later.
2,518
:
2,504
2,700 «• 2, 653 l 2 880
2,355
r 1 H5 i 1 238
1,091
1,149
1,018
1,150
1,072
f 1, 249 '
1 346
1,260
11
13
12 i
13
10
252
278
276 i
282
255
be pub ished latt r for indie ated Items as follows: Lubrl0As] )halt— 5.5 bbl. -Is? ort ton; wax— 1 bbl.— 280 Ib.
SURVEY OF CURRENT BUSINESS
December 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-37
1957
1958
DecemOctober November
ber
January
February
March
May
April
June
July
August
Septem- October November
ber
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association):!
Orders, new 9
thous of short tons
849 0
704 0
Orders unfilled end of month 9
do
Production
__
___
do _
1,060.7
Shipments 9
do
863 2
Stocks, end of month 9
do
496 7
Fine paper:
Orders, new
-do
116.0
Orders, unfilled, end of month
do
70 0
Production
do
136 3
Shipments
__ do
125 3
Stocks, end of month
do
115 1
Printing paper:
Orders, new
do
353 2
Orders, unfilled, end of month
__do
434.7
Production
do
349 8
Shipments
_
do
350. 2
Stocks, end of month
do
217 1
Price, wholesale, book paper, "A" grade, English
finish, white, f. o. b. mill
dol. per 100 lb._ 15.88
Coarse paper:
Orders, new
thous. of short tons
325 1
Orders, unfilled, end of month
_ do
158.9
Production
do
335 4
Shipments
do
332.2
Stocks, end of month
do
105 0
Newsprint:
Canada (incl. Newfoundland):
Production. __
__
- do
548. 7
Shipments from mills
do
544 4
Stocks at mills, end of month
do
184. 1
United States:
Production
do
14G 8
Shipments from mills
_ _ do
145 3
Stocks at mills, end of month
do__
18. 5
r
829. 4
801 0
696 0 f 715 0
891. 6 ' 1, 007. 5
740 0 T 841. 4
r
514 6
522 5
821 8
654 *>
993.8
804.5
508 1
126.0
78.1
129 0
125.9
146 7
130.9
93 2
110 5
117 7
143 8
* 118. 1
110.2
66.7
135 6
113. 0
119 1
363 2
433.8
338 9
339 4
217 9
336
432
314
311
221
r
r
T
r
T
765 0
636 5
974.6
803 2
513 5
770 1
664 6
954. 1
764 2
520 6
827 4
652 0
997.2
824 5
507 6
760 8
599 5
912.2
740 6
508 7
791 7
602 2
981.8
775 3
546 3
783 0
581 2
994. 5
806 2
550 0
803 0
623 1
966.3
805 2
518 2
815 4
665 2
953.8
792. 1
528 3
114.0
64 5
127 0
118 7
125 0
107. 1
59 4
124 0
113 8
130 0
122
66
128
124
130
8
9
9
0
7
120 9
75 9
123 0
115 4
131 1
124.8
70 3
136 3
124 8
130 5
120.9
71 7
132 8
122 3
139 2
127.0
73 3
131 2
125 5
138 7
321
395.
330
331
215
330
421
314
320
209
343
418
342
342
210
6
7
9
6
2
323
368
315
308
217
316
334
334
308
240
338
354
342
345
237
344
397
348
345
218
5
5
9
5
9
6
7
3
2
9
6
5
1
0
3
2
9
8
5
1
1
6
8
6
3
1
5
3
9
5
T
8
7
3
2
0
r
74. 9
130 9
»• 122. 4
r
1?3 9
r
340 9
461. 5
347 8
347. 6
221 2
331 7
403. 0
331 8
327.8
225 2
v 15.95 •
15.95
15. 95
9
3
5
2
3
317. 1
«• 134. 9
T
314 3
T
315.6
T
103 5
326 2
140.8
311 8
309. 8
97.5
482 5
480 6
223 6
508 4
523 2
208 8
511. 0
491 9
227.9
490.8
495 3
223.3
544. 1
555 1
212. 3
149 0
146 7
18 3
141 8
138 6
21 5
134 9
137 8
18 6
148 5
142 0
25.1
137 2
139.7
22.6
154 8
158 7
18.6
438 0
409 2
364 5
387 6
413 0
470 0
698 1
724.4
697.2
655.3
411 6
367 7
134.40
v 134. 40
15.88
15.88
15.88
15.88
15.95
15.95
15.95
15.95
15.95
283 2
137. 5
308 9
304.4
113 0
281
137
282
282
115
3
9
9
4
6
312 2
130 1
304 6
306 6
111 6
273
120
280
275
109
299
132
300
296
113
4
5
3
1
4
277 0
119 8
297 4
288 3
115 3
285
115
279
288
103
282
119
281
281
107
283
128
269
263
101
504.9
520 5
168 6
435. 3
471 4
132 5
498 3
474 8
155 9
473 8
435 2
194 6
521 8
471 1
245 2
522 6
532 7
235 1
548 0
561 4
221 8
140 4
143 1
15. 7
138 7
135 1
19.3
157 0
158 8
17 6
140 4
138 7
19 3
148 4
151 0
16 7
148 6
149 2
16.0
465 4
453 0
436 3
385 9
364 7
434 4
423 3
752. 5
722.9
675.0
710 1
719.7
689.8
694. 9
683 2
667 8
Imports
do
391 8
472 3
406 9
399 5
369 8
403 7
Price, rolls, contract, delivered to principal ports
dol. per short ton
134. 40
134. 40
134. 40
134. 40
134 40
134. 40
Paperboard (National Paperboard Association):
Orders, newt
thous. of short tons__ 1, 353. 0 1, 135. 1 1, 090. 0 1, 047. 9 1, 059. 9 1, 173. 7
376 2
Orders, unfilled, end of month
do
351 9
481 3
355 2
363 0
340 8
Production , total J
do
1, 349. 2 1, 245. 5 1, 057. 2 1,081.7 1, 044. 3 1,171.2
70
92
80
86
87
97
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments J
mil sq ft surface area
7 483
6 825
9 437
8 065
7 013
7 697
Folding paper boxes, index of physical volume:*
131 7
129 4
115 8
Consumption of boxboard
1947-49=100
128 4
138 6
117 7
121.9
124.2
Shipments of boxes
_ do
122 8
115.5
144 6
122.2
PRINTING
1
579
1,271
1,051 1 1, 302
1,336
1,408
Book publication, total
number of editions1
821 1 1,087
478
1,043
1, 132
1,176
New books
do
1
1
232
101
230
215
228
204
New editions
__ _
--do
421 0
416 7
422 3
134. 40
134 40
134. 40
134 40
134. 40
1,113.9
365 2
1,112.9
84
1, 175. 6
348 6
1, 163. 5
85
1, 147. 3
356 5
1, 125. 6
86
1, 130. 3
465 5
1, 033. 2
76
1, 247. 7
407.3
1, 284. 4
93
7 543
7 944
7 690
7 833
8 738
9 008
9 861
129 3
116.6
120 5
120 5
126 3
120 7
139 7
118 8
128 0
129.7
134 4
133.5
137 0
138 3
1,109
883
226
1,151
921
230
1, 344
1 137
i 207
972
752
220
679
552
127
1,023
1
871
1
152
1,217
1,007
210 i
37 607
91 779
28, 279
34, 235
85 577
25, 823
39, 444
85 666
39, 057
44 814
82 622
48, 957
77 859 i
Consumption by publishersc?
do
Stocks at and in transit to publishers, end of
monthcf
._
thous. of short tons
5
3
1
5
7
2
4
7
8
3
1
1
8
3
5
2
1
T
1, 299. 7 1,389.8
482.8
427 6
1,247.6 1,398.8 l!
95
90
1
1,215.7
369 6
1,270.3
92
8 091
1,307
1,092
215
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
48, 685
Consumption
_ long tons
102, 496
Stocks, end of month
do
Imports, including latex and guayule.
do
49, 371
Price, wholesale, smoked sheets (New York)
.295
dol. per lb_.
Synthetic rubber:
106, 401
Production
long tons
88, 497
Consumption
do
164, 705
Stocks, end of month
_
do _
Exports _
...do
16, 697
Reclaimed rubber:
Production
__
Consumption
Stocks, end of month _ _
_
TIRES AND TUBES
Pneumatic casings:
Production
38, 203
101 401
53, 922
42, 597
104 979
45, 564
36, 711
110 880
46, 017
38, 191
112 863
40, 444
36, 608
107 897
34, 930
.265
.285
.275
.263
.266
.269
106, 030
75, 132
177, 967
16, 549
103, 779
67 386
198, 585
19, 620
102 716
72 625
210, 397
19 082
81 755
64 230
208, 914
14, 565
83 641
66 040
209, 468
20 512
73, 757
66 613
199, 226
15 780
26, 650
24, 878
27, 171
22, 286
20, 545
27, 855
20, 286
18 229
29, 323
21,945
21 186
29, 569
19,017
18 130
28, 838
20, 225
19 300
28, 984
20, 735
19 746
29, 440
36, 014
100 985
32. 061
.253
.263
411
304
929
222
74 050
69 806
183* 721
15 308
19, 567
20 104
27, 862
76
66
191,
19
.281
.288
.294
083
865
524
844
87, 321
71 762
183, 921
12 873
21 220
20 652
27 763
18, 122
18 350
26, 442
22, 432
19 347
27. 961
22 596
21 771
26 676
77
63
181,
14
90
78
182
13
979
461
840
100
_
Stocks, end of month
___
Exports (Bur. of Census)
-_
_ _ _
__
9 708
8 248
7 615
7 814
7 314
7 573
7 477
7 653
8 293
7 288
7 762
8, 154
2 621
5, 350
182
7, 171
3 398
3, 630
143
6 560
3 070
3,342
148
8 271
2 653
5,511
107
6 737
2 253
4,374
110
7 543
2 114
5, 334
95
8 175
1 876
6, 183
116
8 503
2 173
6^220
110
9 231
1 932
7 182
117
9 573
2 020
7,442
111
7 848
1 055
6*679
115
22. 171
142
23, 225
163
22, 769
2
161
23 2392
97
23 2446
91
22 2658
93
21 2834
89
20 2920
89
18 615
2 71
182 521
111
3. 243
2, 736
7 444
83
2,778
2,717
7 671
84
3 344
4,309
6 700
3 132
3 444
3, 296
6 3983
76
3 685
3, 764
7 3066
73
3 624
3,243
7 3609
70
3 530
3 035
83
189
90
3 476
3 1
602
8 56
3 77
2 890
3 466
7 680
' 3 67
3 305
3 331
7 (564
3 log
26 523 i
23 563 '
27, 340
18 925
2
109
3, 764
3,172
6. 909
100
.324
7 912
l' 442
6 365
105
20, 985
136
.312
100 981
88 015
178, 534
8 277
do
do
do
do
do
do
Shipments, total
Original equipment
Replacement equipment
Export
Inner tubes:
Production
Shipments
Stocks, end of month
Exports (Bur. of Cens'is)
_ do
do
do __
43, 723
98, 224
44, 583
thousands
_
do
_ __do
do
_. _ _ _ -do. _
3? 390
3 498
7 (557
3 69
i
r
J
3
Revised.
v Preliminary.
Data cover 5 weeks; other months, 4 weeks. 2 Data for motorcycle tires are excluded beginning January 1958.
Data beginning January 1958 include
;all inner tubes, new or used, except aircraft; earlier data include only automotive tubes (passenger-car, truck, and bus). Exports of types included in 1958, but formerly excluded, averaged
14,000 per month in 1957.
9 Data exclude estimates for "tissue paper."
cf As reported by publishers accounting for about 75.5 percent of total newsprint consumption in 1957.
J Revisions
for paperboard (1954-1957) appear on p. 20 of the November 1958 SURVEY; those for shipping containers (January 1955-February 1957) will be shown later.
*New series, replacing indexes of
value of orders entered arid shipments billed (see p. 20 of the November 1958 SURVEY for data back to January 1947).
§May-August 1958 data adjusted to new levels; not necessarily cornparable with earlier data.
December 1958
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1957
1958
DecemOctober November
ber
January
February
March
April
July
June
May
August
SeptemNovemOctober
ber
ber
STONE, CLAY, AND GLASS PRODUCTS
1
PORTLAND CEMENT
Production, finished cement
Percent of capacity
Shipments, finished cement _
Stocks, end of month:
Finished
Clinker
thous. of bbl__
30, 121
98
31, 164
25,014
84
21, 039
22, 386
73
17. 023
18, 230
59
13,717
14, 125
50
10, 968
18, 038
58
17, 686
24, 001
79
25, 566
29, 274
92
30, 770
30, 078
98
30, 513
19, 213
9,444
23, 187
11, 326
28, 566
14, 776
33, 235
19, 168
36, 383
24, 526
36, 734
28, 235
35, 170
28, 409
33. 673
26, 587
33,350
24. 372
Brick, unglazed (common and face):
Production c?
thous. of standard brick __ 626, 001
615, 752
Shipmentsc?1
do
Price, wholesale, common, composite, f. o. b. plant
dol. per thous_- 30. 816
546, 121
488, 394
473, 036
393, 731
408, 100
347, 749
338, 619
269, 485
422, 800
436, 589
541, 649
569, 075
587, 322
598, 554
30. 816
31.069
30. 904
30. 904
30. 951
30. 951
145, 230
117, 111
123, 524
87, 927
133, 193
100, 950
108. 154
72. 335
117, 507
114, 563
48, 631
44, 625
45, 634
38, 354
43, 741
37, 783
35, 115
30, 716
40, 822
41, 392
_
thous. of bbl_
--- do.. .
do
29, 833
90
32, 536
r
31, 675
31, 597
95
98
' 34, 432 35, 031
30, 646
22,561
27, 883
18, 872
580, 880
616, 518
591, 853
618, 355
612, 536
634, 767
30. 951
30. 951
30. 925
30. 925
117,536
142, 501
144, 005
155,448
149, 773
165,812
162, 066
175, 751
166, 901
182, 345
168, 585
183, 977
50, 131
48, 889
51, 763
52, 750
52, 460
52, 251
58, 977
57, 257
r 56, 680
r
50, 781
32, 847
98
36,880
' 24, 445 20,412
15, 360
12, 278
54, 541
49, 698
r
CLAY PRODUCTS
Clay sewer pipe and fittings, vitrified:^
Production
SMpments
Structural tile, unglazed :cf
Production
Shipments
__
-
short tons._ 173,215
164, 643
do
do
do
53, 368
52,082
632, 660
660, 720
r
30. 927 p 30. 927
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total)*
thous. of dol.
Sheet (window) glass shipments
do
Plate and other flat glass shipments
do
Glass containers:
Production
69. 299
33, 761
35, 538
47, 217
22 545
24, 672
44, 121
21, 116
23 005
57, 596
27 497
30 099
..thous. of gross.-
13, 174
11, 457
10, 767
11.714
10, 899
12,216
11,158
12,201
12, 721
12, 707
13, 453
12,597
13,242
Shipments, domestic, total
do
General-use food:
Narrow-neck food
- do- Wide-mouth food (incl. packers' tumblers, jelly
glosses, and fruit jars)..
-thous. of gross--
12, 461
11, 954
9.294
10, 644
10, 546
11.015
10,914
12, 275
12, 176
12, 042
13, 716
13, 299
12,680
1,398
1,085
779
941
889
996
1,082
1,157
1,198
1,232
2,007
2, 369
1,407
3,604
3,386
2, 669
3,272
2, 773
3,181
3,210
3. 511
3,615
3,932
4,520
4,271
3,867
371
773
1,546
3,486
1.077
206
594
765
1,441
3,414
1, 035
234
903
546
986
2, 517
740
154
894
582
965
2.891
947
152
1, 446
559
1,018
2,891
832
138
788
855
1, 195
2,929
932
139
696
1,079
1, 045
2,727
947
128
966
1,498
1,155
2.812
1,039
137
1, 096
1,467
1,159
2,555
945
141
939
1,260
980
2,569
994
136
594
994
1,144
3,161
1,077
219
462
811
1,227
2, 915
1,052
192
664
686
1, 498
3,330
1,052
176
17, 471
16, 580
17, 834
18, 051
18. 196
19, 132
19, 027
18, 825
19, 145
19, 512
18, 927
17,971
18,203
Be verase
_
_- _
Beer bottles
Liquor and wine
_
Aledieinal and toilet
Chemical household and industrial
Dairy products
Stocks end of month
dodo
do -do
do_- _
do
do
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
thous. of short tons._
Production
do
1. 061
2,279
827
' 1. 970
Calcined production quarterly total
1,862
do
Gypsum products sold or used, quarterly total:
TJncalcined uses
short tons
Industrial use4?
do
Building uses:
Plasters:
Base-coat
do
\11 other (incl Keene's cement)
do
I^ath
\Vallboard
\11 other©
1, 117
2, 352
2,680
1.790
1,894
2,285
594, 437
»• 63, 622
••911,611
56, 424
920 082
68, 291
293,050
> 262, 112
331, 536
302. 432
375 606
339, 607
494 5
l, J134.4
54. 6 i
620 4
1 371 4
i 60 7
r
854, 662
76. 674
323, 847
303, 223
mil of sq ft
do
do
i
1
_
!
:
59Q 3
.
1,060.2
51.0
|
r
496. 3
r
. 1,093.0
i i 37. 9
1
TEXTILE PRODUCTS
APPAREL
15, 434
13, 036
9, 773
11,696
11,056
11,667
10, 723
9,891
11,317
2 1, 635
2470
1,336
288
1, 392
184
2 1,670
2205
1, 436
188
1, 352
208
2 1, 665
2365
1,416
404
1,348
412
do. __
do
2690
2 6, 780
780
5,616
624
4, 944
2 760
2 5. 275
540
4,792
460
5,040
2
2640
5, 445
724
4, 976
852
4.844
2
thous. of doz__
Work clothing:
Dungarees and waistband overalls .. _ _ _ do
Shirt ^
do_
2 1, 925
1,624
1,328
2 1, 830
1,676
1,844
1, 655
1, 576
2255
2385
200
336
136
264
2210
2335
232
288
256
288
2225
2310
244
292
2,524
20, 010
696
2,148
18, 140
783
1, 426
16, 234
677
2, 256
21, 749
1, 102
2,371
22. 457
1,277
2.232
20, 127
998
1, 127
26, 844
556
1,439
589
923
583
707
422
1, 111
550
1, 268
636
1, 339
530
1,221
588
Hosiery, shipments J
Men's apparel, cuttings:f A©
Tailored garments:
Suits
Overcoats and topcoats
thous. of dozen pairs.thous. of units
do
Coats (separate), dress and sport*
Trousers (separate), dress and sport
Shirts (woven fabrics), dress and sport
Women's, misses', juniors' outerwear, cuttings:A©
Coats
thous. of units. _
Dresses
do
Suits
do
Waists blouses and shirts
Skirts* .r
thous. of doz_
do._-
2
13, 718
14,099
15, 830
1, 095
2330
1,516
464
1,328
384
1, 750
455
2685
4, 635
844
4,872
704
4,720
775
5,455
1,524
2 1, 395
1,676
1,652
1,965
240
268
2225
2235
256
288
256
320
310
385
1,058
24, 143
332
1,802
21, 126
949
2,661
19, 778
1,024
2,620
20, 319
1,018
2,649
20, 591
829
3,030
22, 540
902
1, 266
690
1,100
672
1,155
805
1,219
828
1,251
700
1,403
795
11,303
2
2
Revised.
p Preliminary.
i Excludes data for tile.
Data cover a 5-week period.
(^Revisions will be published later as follows: 1954 (annual data only); 1955 (annual and monthly); 1956 (January-August); 1957 (January-August) for brick and tile (data through 1956
earlier months. De-
SURVEY OF CURRENT BUSINESS
December 1058
S-39
1957
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1958
October Novem- December
ber
January
February
March
April
May
July
June
August Septem- October November
ber
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginnings§__
_ _ _ _ _ thous. of running bales
Crop estimate, equivalent 500-lb. bales
thous. of bales
Consumption^
bales
Stocks in the United States, end of month,
total!
thous. of bales
Domestic cotton, total
do_.
On farms and in transit
do
Public storage and compresses
do...
Consuming establishments
do
Foreign cotton, total
_ _. _ _ „
do
8,032
5,593
r
5 819,965 656, 205
1
9, 234
2
5
3
10. 630
213
10, 880
1,009
2,627
10, 216
7,316
4
3 10, 964
632 022 5729 546
599 690
5
11, 581
799. 800
639 635
638 767
647 894
17, 585
18 725
'r18, 679 17, 541
6 621
4 813
r
10, 795
11, 308
T
1 r263
1 420
45
46
16 454
16, 398
2 283
12, 549
1 565
57
15, 160
15,098
1 256
12, 147
1 695
62
14 086
14, 032
738
11,517
I 728
54
12 992
12 944
729
10 491
1 724
48
11 784
11, 742
715
9, 326
1 701
42
10 661
10, 620
493
8,409
1 719
40
9 672
9, 635
434
7, 528
1 673
37
8 745
8,710
291
6,833
1 586
35
19, 561
19, 464
11 206
6,782
1 476
97
18 410
18, 308
9 710
7 221
1 377
101
525, 502
27 718
31.1
608, 635
36 670
28.2
516, 805
6 418
27.4
449, 626
2 276
24.9
480 138
4 279
26.1
500, 932
1 812
27.9
535, 180
3 859
29.1
433, 434
1 974
29.1
469,011
913
30.8
208, 811
84 892
33.2
211 910
34.5
33.3
32.4
34.3
34.9
34.8
34.6
34.5
34.6
34.7
34.8
34.9
34.8
34.7
34.8
34.8
103
178
r
839
100
156
r
879
99
156
919
91
119
931
89
96
957
75
69
941
82
49
894
86
34
830
63
35
785
685
43
680
88
94
678
« 104
208
777
46 253
8 943
49, 519
7,704
2,324
45, 303
11,771
40, 763
13, 182
45, 246
11, 178
2 341
45 043
11 860
57, 650
9 172
46, 823
14, 732
2 199
37, 393
13 610
29,232
15 224
43, 500
10, 350
39, 109
24 02
36 4
15 3
15 8
22 36
36.4
15 1
15.5
22.81
36.4
15 4
15.8
23.44
36.4
15 5
15.8
23.26
36.4
15 1
15.8
23 11
36 4
15 0
15 8
22 75
36 4
14 8
15.5
22.00
36.4
14 7
15.4
21.71
36.4
15 0
15.1
21.65
36.4
15 0
15.0
22.30
36.4
15.4
15.5
22 24
36.4
15 4
15.8
22 16
p 36 4
p 15 4
.663
940
.660
.941
.670
.957
.670
.957
.668
.955
.662
945
.657
.937
.657
.931
.657
.933
.657
.933
.657
.935
.661
'.933
p. 661
P. 929
Spindle activity (cotton system spindles) :f A
Active spindles, last working day, total. _ thous _ ' 19, 793
Consuming 100 percent cotton _ .
_ . _ _ do _ _ 18, 130
19, 747
18, 133
19, 730
18, 144
19, 606
17, 950
19,615
17, 945
19, 367
17, 682
19,208
17, 602
19, 210
17, 625
18, 991
17, 443
19, 230
17, 501
19. 268
17, 541
19, 251
17, 641
19, 279
17, 650
Spindle hours operated, all fibers, total mil. of h r _ _ 5 11, 486
T
Average per working day
_
_ do _
459
Consuming 100 percent cotton.. __ _ _ __ do ._ 5 10, 475
8,963
448
8,231
7,951
398
7,309
11,045
442
5 10, 199
8,843
442
8,161
8,643
432
7,984
5 10, 221
409
5
9, 451
8, 154
408
7,503
8,303
415
7,637
8,777
439
8,070
8,870
444
8, 190
5 11, 447
458
5 10, 496
391 1
162.0
81 3
122.0
? 57 3
7 30 9
r
483, 654
ExportsA ...
bales
16 148
Imports A
do
Prices (farm), American upland
cents per l b _ _
32.3
Prices, wholesale, middling 1", average 14 markets
cents per lb._
33.5
Cotton linters:
r
Consumption
thous. of bales
108
ProductionA
_
do_. _
'200
r
789
Stocks end of month A
do
571, 287
595 648 5613 511
833 366
17 528
17, 427
5 916
10, 205
1 306
101
COTTON MANUFACTURES
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production, quarterlyA
mil. of linear yd
Exports
thous. of sq. yd
Imports
..
do
Prices, wholesale:
Mill marginsf
cents per Ib
Denim, white back, 28-inch, 8 oz/yd .cents per vd
Print cloth, 39-inch, 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48.do_ .
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded, weaving
dol. p e r l b _ _
36/2, combed, knitting
_
do...
5
5
5
8, 791
352
8, 048
23 36
P 15 8
MANMADE FIBERS AND MANUFACTURES
Fiber production quarterly total 9 ©
mil. of Ib
Ra von and acetate: Filament yarn
_ . __do__
Staple plus tow0
do
Noncellulosic (nylon, acrylic, protein, etc.).- do__
445 3
173.9
113 4
133 5
347
144
66
113
370 9
161 9
78 9
108 1
7
4
3
6
thous. of lb_.
do
do _
_do. __
1,399
2 521
331
7,307
1,680
3,123
194
5, 958
2,405
1,868
134
6,499
3,153
2 588
114
6,991
2,917
1 653
155
5, 795
3,282
1 811
140
8,011
4,732
1 540
191
6,267
2,842
1 862
161
6,583
3,397
1 491
275
5,772
3,326
1 849
139
7,224
4,233
1 859
287
6,870
4,078
2 562
Rayon and acetate:
Stocks, producers', end of month, total®. .mil. of lb._
Filament yarn
do
Staple (incl. tow)©
do_.
122.1
69 6
52 5
124.8
70 1
54.7
130.4
71 8
58.6
124.2
69 9
54 3
126. 2
69 9
56.3
126.7
69 8
56 9
126.1
69 9
56 2
122.7
69 6
53 1
118.6
67 3
51 3
117.8
66 0
51 8
111.5
61 3
50 2
108.9
60 6
48.3
104.2
59 1
45 1
910
311
910
311
910
311
.838
311
.838
311
838
311
838
311
850
311
850
311
850
311
.760
311
760
311
p 760
P 311
Exports: Yarns and monofilaments
Staple, tow, and tops
[in ports: Yarns and monofilaments
Staple, tow, and tops
Prices, rayon, viscose:
Yarn,filament,150 denier
Staple, 1 5 denier
. . . dol. per Ib
do
vlanmade-fiber broadwoven fabrics:
Production, quarterly total 9 A— thous. of linear yd__
Ra von and acetate* (excl. tire fabric) _ _ . _ . do ._
Nylon and chiefly nylon mixtures
do
Exports, piece goods
567, 357
385. 239
81, 639
577, 022
375, 025
92, 317
thous. of sq. yd.
579, 319
412, 639
71,213
••574, 525
'•413,942
69, 228
15, 715
14, 274
13, 572
12, 540
13, 006
17, 686
14, 288
14, 061
12, 146
9,379
11,898
808
4 40
549
4 34
570
4 33
5,401
678
4 32
231
4 31
242
4 24
6, 186
193
4 27
373
4 27
228
3 93
5,775
304
4 27
422
4 27
18 173
11,871
13 551
8,122
12 886
7, 579
17, 335
10, 121
15 422
8, 664
15 586
8,434
5 518 719
7, 608
16 965
5,866
18 605
6,498
520 480
5
7, 382
18 630
9 913
14, 722
5,235
11,369
4,416
11,334
4, 253
17, 731
6, 659
12, 536
5, 390
18, 274
7, 548
17,115
8, 029
12, 979
6,508
11, 288
6,116
13, 106
5.540
11,870
SILK
in ports, raw.
. __
thous. of Ib
'rice, raw, A A 20-22 denier
dol. per Ib
'reduction, fabric, qtrly. totalA- thous. of linear vd
4 20
6,001
p 3 72
18 114
11 446
21 001
14 224
WOOL AND MANUFACTURES
Vool consumption, mill (clean basis) :1[A
\pparel class
thous. of Ib
Carpet class
_
do...
Tool imports, clean content..
Anparel class (dutiable), clean content
do
do
5
5
5
5
11 667
4.119
Revised.
p Preliminary.
Ginnings to December 13.
Ginnings to January 16.
Total 7ginnings of 1957 crop.
December 1 estimate of 1958 crop.
$ Data cover a 5-week
eriod.
6 Beginning August 1958, data are for 4- and 5-week periods; earlier data, calendar months.
Data are for month shown.
$Total ginnings to end of month indicated, except as noted.
^Data for October 1957 and January, April, July, and October 1958 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period
)vered.
AKeviskms for 1955-57 are available upon request.
t Revised scries. Calculation of mill margins revised (back to August 1954) to incorporate prices for expanded selection of 20 types of more widely used cloths and to reflect raw cotton
rices for 4 areas of cotton production; prior series calculated from 17 cloth prices and raw cotton prices for Memphis territory growth only.
9 Includes data not shown separately.
©Beginning January 1958, data exclude all figures for acetate staple plus t o w . (It should be noted that for 1954-57, data as published for staple and tow exclude the greater part of acetate
>\v for cigarette filtration purposes.) For years 1955-57, production of acetate staple plus tow (included in total staple through 1957) averaged 14.1 mil. Ib. per quarter.
r
l
2
3
4
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December
1957
1958
October Novem- December
ber
February
January
March
April
Aueust Septem- October November
ber
July
June
May
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES— Continued
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Territory,
fine
dol. per lb._
Fleece 3/8 blood
do
Australian, 64s, 70s, good topmaking, in bond do. _
Knitting yarn, worsted, 2/20s-50s/56s, Bradford svstem,
wholesale price t
1947-49 = 100Woolen and worsted woven goods, except woven felts:
Production, quarterly, total d71
thous. of lin. yd__
\pparel fabrics total
do
Other than Government orders total
do
IVten's and boys'
do
Women's and children's
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, men's and boys'
1947-49 = 100. .
Gabardine women's and children's
do
1. .560
1. 232
1. 500
1. 188
1. 425
1. 438
1. 115
1 . 325
1.400
1 070
1. 605
1. 375
1 021
1.275
1.250
938
1.238
1. 135
847
1 9'' 5
1. 150
836
1. 225
1. 150
882
1.225
1. 130
875
1. 195
1. 125
875
1. 175
1. 125
875
1 175
1. 125
843
1 075
109.7
104. 7
99. 8
97. 3
96.0
93. 5
91.5
86.0
94 8
94. 8
93 5
93 5
91 0
61,267
58 780
58, 391
27 442
30, 949
31.471
115.2
100.4
118.0
100.4
r
61,490
58, 025
57, 366
25, 895
115.2
100. 6
115.2
103.9
114. 1
103.9
114.1
103. 9
r
T
T
114.1
97.3
111.9
97.3
72, 029
69 921
68 784
29 913
38 871
111.9
97 3
70,
67
65
25
40
108.6
97.3
106. 7
97 3
1. 125
849
1 025
058
530
764
359
405
106. 7 :
90 8 ;
106. 7
89 1
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines > propellers,r parts, etc.:
Orders new (net) quarte ly total
mil of dol
Sales (net) quarterly total
do
Backlog of orders total end of quarter
do
For U. S military customersc?
do
Civilian aircraft:
Shipments
thous of dol
Airframe weight _
»
thous. of Ib
Exports (commercial and civilian) 0 d71
thous. of dol
3.222
45, 687
1, 456. 5
27, 753
44, 856
47,213
1.480.8 ! 1, 430. 8
17,647 1
MOTOR VEHICLES
Factory sole^ total
Coaches, total
Domestic
Passenger car1' total
Trucks, total.
Domestic
8,694
65. 046
35, 133
48, 678
37, 617
26, 421
1,891.4
1,313.2
1,635. 8
1,356. 6
1,093. 1
41,587
1,418.7
30, 776
1. 106. 0
24, 401
1, 909. 9
27, 971
19,535
16, 655
18, 887
10, 966
20, 086
26, 113
13. 279
412, 982
91
84
342. 228
381, 814
358
290
316, 408
310, 001
65, 048
50, 454
250 466
265
259
194, 974
192, 770
55, 227
47, 030
149 261
216
212
102. 6S7
98 009
46, 358
34, 232
22, 652
t
678 598 : 642, 856
241
287
206
253
583,783 ' 555. 242
560 141 536, 369
94,574
87, 327
72, 030
78.928
do
do
Exports totalcf
Passenger cars (new and used);-/1
Trucks and buses
Imports CT
(cars trucks buses) totnl*
Passen er cars (new and used)*
-.
Registrations:
New passenger cars
New commercial cars
282, 510
88, 879
73, 707
do
do
do
do
do
___ _
Truck trailers (incl trailer chassis) prodcf
Complete trailers
Vans
380 176
233
232
291, 064
18, 053
6, 273
11, 780
27 794
26, 439
30 324
do
do
do
4,818
4 582
2, 556
4 142
3 787
do
do
558,533 ' 467, 553
327 '
295
478,416
462, 674
79, 790
64, 020
433, 474
342
313
359, 464
346, 297
396, 725
344
290
322, 482
308, 904
71,024
73,668
73,899
53, 988
57, 637
56, 042
427, 620
241
206
352, 076
340, 599
75, 303
58, 509
23, 374
12, 551
10, 823
30 469
28, 944
27,791 ';
27, 126
12, 402
14. 724
38 073
36, 465
30, 280
13, 695
16, 585
36 355
34, 981
20, 815
9,714
11, 101
30 117
28, 835
24, 401
9,415
15, 284
15, 243
14,986
5,060
7,425
10, 224
36 875
36, 020
7,818
3, 716
3, 465
1, 690
4,009
3,72?
3,897
3,976
3 628
1,779
3 742
1,785
4, 113
3 814
2,031
4 728
4 386
2, 384
418,255
63, 403
423, 484
63, 238
5, 311
3,588
2,407
2,113
1,080
1,080
1,033
2, 151
1,276
1,276
875
2,229
1,179
1,179
1,228
*• 1 665
' 1, 623
f
1, 538
42
3, 780
3 460
1.891
3, 567
3 282
1,774
3,324
3,563
2,050
3,071
1, 664
3 330
1,620
463, 795
76, 899
408, 534
61 920
512. 136
62, 160
381,932
333, 580
49, 136
400, 501
55, 450
8,328
4 850
4,817
6. 507
3. 802
5,511
3,721
3,526
6,072
4,592
4,426
3,778
3,630
3,478
7, 260
4 033
3 915
3 227
2 208
528
522
1 680
1 088
975
955
113
13,830
37 698
36 762
52. 368
342, 369 p ! 609 60
v i 17
149
149
272, 241 p ' 514. 50
263, 491
69, 979 p i 94, 90
55, 905
308
293
396, 221
383, 516
28, 752
14. 922
14 324
26 946
26 174
49, 328
1. 545. 6
855.2
i
34, 502
19, 628
14, 874
31 319
30, 429
16.000 '
2 112
2, 717
13 117
7,212
2, 866
13, 722
8,011
62,311
5
number
do
__ _do
do
_ __. .
14, 340
2,264
2 651
2, 858
14, 531
3, 133
14 531
8, 942
13, 475
14,316
36 881
35, 590
1,826
334,311
70, 663
56, 019
45 212
43 550
: ::
4,982
4 720
2. 816
410. 607 *400, 286 p370, 856 p 317,070 »321, 285
63, 995 * 63, 383 p 63, 981 P 60, 716 v 56, 234
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments total
number
Equipment manufacturers total
do
Domestic
do
Railroad and private-line shops domestic do
New orders totaled
Equipment manufacturers total
Domestic
Railroad and private-line shops domestic
do
do
do
do
Unfilled orders, end of month, total
_
Equipment manufacturers total
Domestic
Railroad and private-line shops domestic
do.. do
do
do
Passengers cars (equipment manufacturers) :
Shipments total
Domestic
Unfilled orders end of month total
Domestic
do
do
do
do
Association of American Railroads:
Freight cars (class !):§
Number owned or leased end of month
thous
Held for rep'-iirs, percent of tot^l owned
Locomotives (class I):O
Dicsnl-o lee trie and electric:
Owned or leased end of mo No of power units
Serviceable end of month
do
Installed in servic" (new)
do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types)
number
7, 371
3,469
2, 705
2, 383
1,790
1, 480
1. 533
2,218
2,164
1,370
3 467
287
208
208
79
193
192
192
1
278
178
178
100
1,370
1, 319
1,319
51
317
187
187
130
811
811
376
0
1 873
871
771
1,002
38, 249
11, 854
11 632
26, 395
32, 982
30, 406
6, 975
6 955
23, 431
27, 777
5, 444
5 424
22, 333
26, 449
5 149
4 694
21, 300
26, 166
4 184
21, 427
25, 524
5,221
4 679
20, 303
24, 059
8 158
24, 750
10
10
63
57
0
0
63
57
2
2
61
55
16
16
45
39
20
20
25
19
0
0
55
49
3
3
52
46
10
10
43
37
1 752
6. 1
1 751
6.6
1.749
1 747
7.6
1 744
8.0
1,741
8.3
1,737
8.4
1.733
8.2
379
401
375
375
26
238
442
398
796
56. 676
24 496
23 761
32. 180
49. 370
19 797
19 214
29. 573
387
376
143
139
5
5
134
134
37
37
97
97
39
39
80
80
18
18
67
67
1 74?
4.9
1 745
5. 0
,7,7
5. 1
1 749
5.4
1, 750
5.8
>7 859
26 773
160
488
•>7 932
26 827
81
443
•>S 047
26 989
120
3?3
28 093
68
68
68
49
66, 860
28 602
27 460
38, 258
97 695 i
26 70?
56
995
69
60,
25
24
34,
l
1,744
692
539
1,052
4.988
4,836
3.088
3, nfi4
44, 138
16. 276 '
15 888
27, 862 !
j
26,811
50 '
273
8,232
i
7.1
84
79
42
781
621
621
160
4,648
4, 259
19.411
1
28, 181
26, 729
227
403
°8 182
26. 922
2 74
134
28 134
26. 865
67
206
80
4,739
1 086
988
1, 143
122
94
80
f Revised.
P Preliminary.
i Preliminary estimate of production.
2 Quarterly total.
iMonthly data for 1917-56 are shown at bottom of p. S-38 of the March 1958 SURVEY.
<•?Scattered revisions for the following series will be shown later: Woven goods (1956, 1st half 1957), aircraft backlog (1955-56;, aircraft exports (1955), motor-vehicles exports (1956), truck tr<;
ers (1957), freight-car new orders (1955-57).
1957),
valued at $1.4 million.
BData beginning January 1958 exclude exports of new cargo transports, included in earlier data. In 1957, such exports were v;
New
*\V series (from Bureau of the Census}. Data cover complete units, chassis, and bodies.
^Excludes railroad-owned private refrigerator cars.
©Beginning with 2d quarter 1958, data are reported on a quarterly basis
§Ex
U. S . G O V E R N M E N T P R I N T I N G O F F I C E : 1958
'INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40'
Pages marked S
Sections, by general subject?
General business indicators,. .,
. - . 1-5
Commodity prices
...
5-7
Construction and real estate
,~.7,8
Domestic trade
. -_.
... 8-11
Employment and population
11-15
Finance
- 16-20
International transactions of the U. 3 . . . 21, 22
...
Transportation and communications...
23, 24
Chemicals and allied products, -_...,
24-26
Electric power and gas......
26,27
Foodstuffs and tobacco.-™
.
27-30
Leather and products......
30,31
Lumber and manufactures ..
...
-31
Metals and manufactures
. . . 32-34
..
Petroleum, coal, and products
.
. . 35,36
.
Pulp, paper, and printing
..
.
36,37
Rubber and rubber products.,._
,
37
Stone, clay, and glass products . . . . .
....
38
Textile products.__„
.
... 38-40
Transportation equipment...
. .
, 40
Advertising
.. 8,9
Agricultural employment
.
11
Agricultural loans and foreign trade..- 16, 17, 21, 22
Aircraft and parts
2t 12,13, 14,15,40
Airline operations
,_~
23
Alcohol, denatured and ethyl. .
. . 24
Alcoholic beverages——.2,6,8,9,27
Al umi num
.
33
Apparel
2,3,6,8,9,10,12,13,14,15,38
Asphalt and asphalt and tar products
36
Automobiles
2, 3, 8, 9,12,13,14,15,16,17, 22, 40
Bakery products
2,12, 13, 14,15
Balance of payments
....
.
_
,_
21
Banking
,_,. 14, 16
Barley
.
„_.-_.
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2,6,8,12,13,14,15,27
Blast furnaces, steel works, etc.
12, 14, 15
Blowers and fans
34
Bonds, outstanding, issued, prices, sales,
yields
._
17,18,19,20
Book publication
,
37
Brass and bronze
.
33
Brick
____
38
Brokers' loans and balances
.
16, 19
Building and construction materials
... 8, 9, 10
Building costs
.
—_
8
Business incorporations (new), failures
5
Business sales and inventories
. .. .
3
Butter
27
Cans (metal), closures, crowns
,
32
Carloadings
.
- 23
Cattle and calves.
29
Cement and concrete products
6, 8, 38
Cereal and bakery products
6,12,13, 14,15
Chain-store sales, firms with 4 or more and 11
or more stores
,.
- ~• ~
10
Cheese
.
27
Chemicals
2, 3, 4, 6, 12, 13, 14,15,19, 22, 24
Cigarettes and cigars
.
.~ 6, 30
Civilian employees, Federal. .
12
Clay products
6,38
Coal
3,6,11,13,14,15,22,23,35
Cocoa
.. .
.. 22,29
Coffee
22,30
Coke
- 23,35
Communications.......
11, 13, 14,15, 19,20,24
Confectionery, sales
....
29
Construction:
Contract awards..
...
.
..
7
Costs
...
. .
8
Dwelling units
.
..
7
Employment, hours, earnings, wage rates. . .
11,
13, 14,15
Highways and roads
7,8, 15
New construction, dollar value- __....;.-.
1, 7
Consumer credit
^
. . . . 16, 17
....
Consumer durables output, index.
..
..
3
Consumer expenditures
„.
; .
1, 9
Consumer price index
_..
6
Copper.
22,33
Corn
.
.
28
Cost of living (see Consumer price index)
6
Cotton, raw and manufactures
.. 2, 5, 6, 22, 39
Cottonseed, cake and meal, Oil
.
25
Credit, short- and intermediate-term
16,17
Crops
..... 2,5,25,26,28,30,39
Crude oil and natural gas
.
3,11,13, 14, IS
Currency in circulation
„
18
Dairy products_
2,5,6, 12,13, 14, 15,27
Debits, bank
.
,._..
16
Debt, United States Government. .
.
17
Department stores
.
9, 10, 11, 17
Deposits, bank
.
.
16,18
Disputes, industrial
.
....
. ,
13
Distilled spirits
..... _.
27
Dividend payments, rates, and yields
1,19, 20
Drug-store sales
....
.
9,10
Dwelling units, new
......
.
7
Earnings, weekly and hourly
;
14,15
Eating and drinking places
•_-.-.9, 10
Eggs and poultry
...
.
2,5, 29
Electric power
...
,
6, 26
Elec. mach. and equip- 2,3, 6,12,13,14,15,19, 22,34
Employment estimates and indexes...,-._
, 11,12
Employment Service activities..
....
...
13
Engineering construction
7, 8
Expenditures, United States Government...17
Explosives
.
25
Exports (see also individual commodities).
21, 22
Express operations
. _
.
.
23
Pages marked S
Paint and paint materials
6, 26
Panama Canal traffic
23
Paper and products and pulp
2,
3, 4, 6, 12, 13, 14, 15, 19, 36, 37
Parity ratio
5
Passports issued
24
Payrolls, indexes
12
Personal consumption expenditures
1,9
Personal income
1
Personal saving and disposable income
1
Petroleum and products
2,
3, 6, 12, 13, 14, 15, 19, 22, 35, 36
Pig iron
32
Plant and equipment expenditures
2, 19
Plastics and resin materials
26
Plywood
31
Population
11
Pork
29
Postal savings
16
Poultry and eggs
2,5,29
Prices (see also individual commodities):
Consumer price index
6
Received and paid by farmers
5
Retail price indexes
6
Wholesale price indexes
6
Printing and publishing
2, 3, 12, 13, 14, 15, 37
Profits, corporate
1,19
Public utilities. 2, 6, 7, 11, 13, 14, 15, 18, 19, 20, 26, 27
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
7
Radiators and cpnvectors
34
Radio and television
3, 6, 8, 34
Railroads
2, 11, 12, 13, 14, 15, 19,20,23,40
Railways (local) and bus lines
11, 13, 14, 15, 23
Rayon and acetate
39
Real estate
8, 16
Receipts, United States Government
17
Recreation
6
Refrigeration appliances, output
34
Rents (housing)
6,9
Retail trade, all retail stores, firms with 4 or
more and 11 or more stores, general merchandise, department stores- 3, 5, 9, 10, 11, 13, 14, 15, 17
Rice
28
Roofing and siding, asphalt
36
Rubber and products, _ 2, 3, 4, 6, 12, 13, 14, 15, 22, 37
Rye____
.
28
Saving, personal
1
Savings deposits
16
Securities issued
19
Services
1,9,11,13, 14,15
Sheep and lambs
29
Ship and boat building
12, 13, 14, 15
Shoes and other footwear, _ 6, 9, 10, 12, 13, 14, 15, 31
Shortening
26
Silk, prices, imports, production
6,39
Silver
18
Soybeans and soybean oil
26
Spindle activity, cotton
39
Steel ingots and steel manufactures (see also
Iron and steel)
2,32,33
Steel scrap
32
Stocks, department stores
11
Stocks, dividends, prices, yields, earnings,
sales, listings
20
Labor disputes, turnover.
,.,-,,-, 13,14
Stone, clay, and glass prod
2,3,4,12,14,15,19,38
Labor force
._ _ „ „
. ..
11
Stoves and ranges
34
Lamb and m u t t o n _ _ „ _ _ .
....
29
Sugar
22,30
-„_
29
Lard..................
Sulfur
25
Lead_
33
Sulfuric acid
24
Leather and products. ... 2,3,6,12,13,14,15,30,31
Superphosphate
25
Linseed o i l _ _ _ _ _ _ _ _
,
26
Tea imports
30
Livestock.,_.
_._._,
2, 5, 6, 23, 29
Telephone, telegraph, cable, and radio-teleLoans, real estate, agricultural, bank, brokers'
graph carriers
11, 13, 14, 15, 20, 24
(see also Consumer credit). _ . _ _ _ _ . . . 8, 16,17,19
Television and radio
3, 6,8,34
Locomotives.__.. .
.._-___..-_._-..
40
Textiles and products
2,
Lubricants- _ .
.
--.-_.-_-_-.-_.._..
36
3, 4, 6, 12, 13, 14, 15, 19, 22, 38, 39, 40
Lumber and products .
2,
Tin
22,33
3, 4, 6, 8, 9, 10, 12, 14, 15, 19, 31
Tires and inner tubes
6, 9, 10, 12, 13, 14, 15, 37
Tobacco and manufactures
2,
Machine tools
..
.
,. _
34
3, 4, 5, 6, 8, 12, 13, 14, 15, 22, 30
Machinery. . . _ . _ 2, 3, 4, 5, 6, 12, 13, 14, 15, 19, 22, 34
Tools, machine
34
Mail-order houses, sales
11
Tractors
22,34
Manmade fibers and manufactures
6, 39
Trade, retail and wholesale
3,
Manufacturers' sales, inventories, orders
3,4,5
5,9, 10, 11, 13, 14, 15, 17,20
Manufacturing employment, production workTransit lines, local
23
ers, payrolls, hours, earnings
11, 12, 13,14, 15
Transportation and transportation equipManufacturing production indexes
»
2,3
ment
2,3,4, 5, 6, 9,
Margarine
26
10, 11, 12, 13, 14, 15, 19, 22, 23, 24, 40
Meats and meat packing
2, 5, 6, 12, 13, 14, 15, 29
Travel
24
Medical and personal care
6
Truck trailers
40
Metals
2,3,4,5,6, 11, 12,13,14,15,19,32,33
Trucks
2,34,40
Milk
.
27
Mining and minerals...... 2, 3,11, 13, 14, 15, 19, 20
Unemployment and compensation
11, 13
Monetary statistics ,.„..— _ _ _ _ _ _ _ „ _ _ ,
18
United States Government bonds. _ 16, 17, 18, 19, 20
Money supply
,._._.„_.
18
United States Government
finance
17
Mortgage loans
_.._.-.-_____-.
8, 16, 18
Utilities
2, 6, 7, 11, 13, 14, 15, 19, 20, 26, 27
Motor carriers._«__._...
„___
»„_
_
23
Motor fuel
....._..._....-.--,.--.
36
Vacuum cleaners
34
Motor vehicles—._.. . _ . _ - - . - . . _ 6, 9, 19, 40
Variety stores
9, 10
Motors, electrical. . _ _ .
_._...-_._..._,..
34
Vegetable oils
25, 26
Vegetables and fruits
5, 6, 22, 28
National income and product_.„...-_....__.
1
Vessels cleared in foreign trade
23
National parks, visitors
______....__„„
24
Veterans' benefits
13,17
National security expenditures.._„______,
1,17
Newsprint
. 22, 37
Wages and salaries
1, 14, 15
New York Stock Exchange, selected data. _ „_ 19, 20
Washers
34
Nonferrous metals
_.
2, 6,12, 14, 15, 19, 22, 33
Water heaters
34
Noninstallment credit., . „ . _ . _ _ „ . . . _ . . , „ _ _ _ „ .
17
Wheat and wheat
flour
28,29
Wholesale price indexes
6
Oats .
,. „ , _ . _ ^ . , _ . , „ „ _ _ „ „ _ _ „ „ . „ „
28
Wholesale trade
3, 5, 11, 13, 14, 15
Oil burners
__„„„__
_„__„
34
Wood pulp
36
Oils and fats, greases
.
6, 25, 26
Wool and wool manufactures
2, 5, 6, 22, 39, 40
Orders, new and unfilled, manufacturers'..
5
33
ZincOrdnance
. . . . . _ . _ _ _ . „ . _ _ . . . . . _ . _ 12, 14,15
Pages marked S
Failures, industrial and commercial.
,_
5
Farm income^ marketings, and prices
1, 2, 5, 6
Farm wages
15
Fats and oils, greases
6, 25, 26
Federal business-type activities„.
17
Federal Government
finance
17
Federal Reserve banks, condition of.. _ .
16
Federal Reserve reporting member banks. _ _ _
16
Fertilizers- .
.
.
_„...„.„_.
,.. 6, 25
Fire losses
„ _ _ _ „ , _,
„_ .
8
Fish oils and
fish......._........-.........
25,30
Flaxseed.....,.................._-.
25
Flooring.
,,_._._.
,
31
Flour, wheat._
.
__.___..-.29
Food products.
.
,
2,3,4, 5,
6, 8, 9, 10, 12, 13, 14, 15, 19, 22, 27, 28, 29, 30
Foreclosures, real estate..................
8
Foreign trade_._
..„_......,._._.__ 21, 22
Foundry equipment. „..,„..__-..__.-.,.-- —
34
Freight carloadings
..............
23
Freight cars (equipment)
_____.._,____
40
Freight-car surplus and shortage. . _..
23
Fruits and vegetables
...
5, 6, 22, 28
Fuel oil
_..___.._-._._.._--.._-___
35
Fuels
.............
..
6,35,36
Furnaces-.. _ _
_..__...
34
Furniture............... 2,3, 6, 9, 10, 12, 14, 15, 17
Furs
.....
__--._.
22
Gas, prices, customers, sales, revenues
6, 26, 27
Gasoline...........
~ ~ 9, 36
Glass and products
...___„-_
.___,
38
Generators and motors_ „ _ „ » „ _ „
„__
34
Glycerin
._...._.......
.
24
Gold
.
...,,......_.
18,21
Grains and products...__........ 5,6, 22,23,28,29
Grocery stores
„_„
9, 10
Gross national product. _ .
. _.,
1
Gross private domestic investment. „,
1
Gypsum and products........__..._..... - 6, 38
Hardware stores._ _
„_
,„______„_„_-„,
9
Heating apparatus, .._......_._.__..._-.„. 6, 34
Hides arid skins
____.._.
.......... 6, 22,30
Highways and r o a d s — - - _ _ - . - - _ . - - - - _ - - . . _ 7, 8,15
Hogs
.........
29
Home Loan banks, loans outstanding,_, _ „ ..
8
Home mortgages
___,
8
Hosiery, . _ _.
.........
38
Hotels
....... I I , 13, 14, 15, 24
Hours of work per week».._»
.....
12, 13
Housefurnishings
_ . _ _ _ „ „ _ . _ _ . _ _ . ~ 6, 8, 9, 10
Household appliances and radios- _ „,
3,6, 9, 34
Imports (see also individual commodities). „ . . _ 21, 22
Income, personal
1
Income and employment tax receipts
.
17
Industrial production indexes
2,3
Installment credit
16, 17
Installment sales, department stores
10
Instruments and related products- 2, 3, 12, 13, 14, 15
Insulating materials
,
~
34
Insurance, life
18
Interest and money rates
16
Inventories, manufacturers' and trade _ „ _ 3, 4, 10, 11
Iron a«d steel, crude and manufactures
2,
6, 8, 12, 14, 15, 19, 22, 32, 33
Kerosene-™ .^ ,_ _
35
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D. C.
ALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $5<J©
IQPQJ
OFFICIAL BUSINESS
First-Class Mail
volume 38
Survey of Current Business
<\ttniber s 1-12
1958 Index of Special Articles and Featuire!
$
SPECIAL ARTICLES
Foreign Trade and Domestic Business
..
Economic Progress and Adjustment — A Review
of 1957
. . . . . . . . . . . . . . . . . .
,_ T
National Income and Product in 1957
»»
. . . .
, ,-v .
Production, Distribution, and Prices.
,
Foreign Business Investment
The 1958 Business Expectation Survey
r
Readjustments Mark Balance of Payments in
Fourth Quarter
^^
T> •
A T> •
f Recent. T%
.1 Developi
Consumer Buying— A Review of T>
ments
Size Distribution of Personal Income
Foreign Assistance in 1957
AU
1
Page
7
A7o,
5
Shifting Pattern of Debt in 1957—58
PdQi
9
Record Flow of Travel Dollars Abroad . . . . . . . .
2
2
^
2
2
3
1
4
..
14
25
7
3
13
4
4
4
5
10
20
6
15
iSew Estimates of National Income, 1946-57. . . ,
7
3
Regional Income Distribution in 1957. . . . .
b
i-m«w
^/
Private Forei n
S ^vestments Near $37 Billion . . .
Financing Business in Recession arid Expansion
. . . ..
8
9
8
15
10
15
11
9
12
12
16
No.
9
Pcgt
2
9
3
9
5
9
9
2
4
6
11
3
7
2
5
National Income and Product— A Review of the
1957—58 Decline and Recovery
x^^iuic ai-u ix.v,uvny
Real National Output by O,uarters
A New Major Economic Indicator.
Foreign Trade anrl the Business \diustmcnt
10
FEATURES
National Income and Corporate Profits in 1957. ,
No.
1
Pege
3
Growth in Operating Business Concerns in First
Halfofl957
1
6
Employment and Earnings
3
^
3
3
3
5
rvi
t £q
^
»,*
plant ^^ * i u.jpment « rograms> Second» »Half
p
1958
Production Developments . . . . . . . .
4
3
Tiiiot^^c* /-»<* T»ri»i'*v»«»%*c. Q<-T,UJI^»«XJI TY..»«!»->rr c^/-»/-v«^j
5
^
6
4
-t
2
Quarter
* i
-» » »
IndustrialT -Production
Farrr. p rnr ri^t;rm ^A Tnrnm^
Business Sales and Inventories
,,,
Trend of Economic Activity— First
National iii^ui ic a n d Product
j.>atiuiiai Income a. ivi i iwuuut
Market and Inventory Trends
,
Government Programs in Relation to Business
Quarter
.......
0
Agricultural Income Higher.
°
1958 Investment Programs of Business
w,aw. v,
AV5&cuuo wi «MOJ. iv,oo
Foreign Trade Decline Reflected in First Quarter
Balance of Payments
,> T .
,
, -, ,
l
o
j
National T
Income and Product in the Second
Quarter
Residential Construction . . . . . . . . . . . . . . . . . . . . .
6
5
6
M
6
w
6
9
8
2
Trend<?
,...«,..,.
XTO*- ~oi T w, and r«
j Corporate t> fl^ . . . . . . .
* Fronts.
iNational Income
-KT
T-*
^
XT •
t i-» »
Note on Farm Gross National Product. . , . , . , , .
Manufacturing Activity in a Rising Phase . . . . .
AViawumi^iuiuig /-x^uviiy ui a ivi&m^ A uoav, . . . . . .
Recent Price Developments
* ...
F
Business Capital Investment in Early 1959 , . . .
10
10
10
10
11
11
12
12
Newest Supplement (in Press)
U. S. INCOME AND OUTPUT. Circa 230 pages
To be available from Superintendent of Documents, U. S. Government Printing Office, Washington 25, D. C.
or any Commerce Department Field Office
@FedFRASER