Full text of Survey of Current Business : December 1960
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DECEMBER 1960
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
DECEMBER I960
VOL. 40, NO. 12
U.S. Department of
Frederick II. Mueller,
Secretary
Office of Business Economies
M. Joseph .Mochaii,
Director
Contents
Louis J. Paradiso
Managing Director
BUSINESS REVIEW
Summary.......
PAGE
I
Business Investment P r o g r a m s . . . . . . . . . . .
Lougblin F. Mcilugh
Business Renew Editor
Billy Jo Dawkins
Graphics
4
Eased Off From Peak
ST.A F F CIONT RIB11 TO H S
TO THIS ISSUE
The Balance of International Payments.
Was More Adverse in Third Quarter—-Higher Capita! Outflows More
Than Offset Continuing Rise in Trade Surplus
It tidiness Review and Pea ti ires:
Francis L. Ilirt
Murray F. Foss
-Marie llertzfoerg
SPECIAL ARTICLE
Expansion of Exports Supports Domestic B u s i n e s s . . . . . . . . . .
Merchandise Trade Surplus Expands to 3-Year High
Export gains in industrial materials and capital goods to Europe
and Japan
Imports are lowest since early 1959; industrial materials and automobiles lead decline
Position of U.S. in World Trade Analyzed
II
MONTHLY BUSINESS STATISTICS
General .
S1-S24
Industry . . .
K. Celeste Si/>
Statistics Edii
S24-S40
Subject Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inside Back Cover
Balance of International Payments:
Wai ther Leclerer
Articles:
Marie Bradshaw
Max Lechfer
Hugh L. Hodge
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By the
Office of Business Economics
B,
BUSINESS activity continues to reflect crosscurrents, with November personal income and retail sales holding
steady and industrial employment and
production showing declines. Corporate income is tending downward with
sales easing while cost pressures are
maintained.
For the year as a whole, a record
output of goods and services—and of
income received—will be achieved. The
figures are considerably above those of
1959, as second half economic activity
was sustained at or close to the peak
achieved in the first 6 months of the
year.
Since midyear the topping off of
aggregate output has featured a shift
from the substantial inventory accumulation of the 1960 first half to moderate
liquidation; a cessation of business fixed
investment expansion; a more cautious
purchasing of durable goods by consumers ; and a further moderate curtailment in residential construction. These
developments were largely counteracted by higher government outlays;
improved foreign purchases; and consumer buying of nondurable goods and
services which has held up well through
the early part of the holiday season.
Personal income steady
Personal income in November continued at the seasonally adjusted October high of $409K billion. The November income flow reflected a decline in
wage and salary disbursements, mostly
as a reflection of slackening corporate
business which resulted in a reduction
in employment and hours worked.
This lowering of income from current
production was offset by a rise in transfer payments, including an increase in
unemployment compensation payments,
and by the maintenance of dividend
payments despite slumping profits.
Personal income in October and
November was $1% billion above the
third quarter average and $23 billion,
or 6 percent higher than a }^ear ago
when business was feeling some pinch
from the steel strike. The slight gain
in income since midyear has been almost
matched by increased consumer prices
so that real purchasing power—though
up some 4 percent from a year ago—
was little changed over this most
recent period.
Retail sales in October and November, after correction for the normal
seasonal rise, moved ahead of last summer's lagging pace. The November
FIXED INVESTMENT
Business Trims Outlays
in Late I960—Earty 1961
Billion $
40
I TOTAL PLANT & EQUIPMENT
20
Manufacturing Investment Edges
Off From Mid-1960 Rate
20
TOTAL
// NONDURABLE
'4 ii"
DURABLE |
40
Utilities and Commercial Firms
Maintain Expenditures—Transportation
Companies Cut Back 1
TRANSPORTATION & OTHER
20
11
Factory orders and output drop
PUBLIC UTILITIES
T nn
10
COMMERCIAL
1957
* Anticipated
58
59
1960
1961
Quarterly, Seasonally Adjusted
at Annual Rate
Data: SEC 8 QBE
U. S. Department of Commerce, Office of Business Economics
sales total was even with the improved
October pace. Department stores in
November and early December were
doing about the same volume of business
as during last j^ear s holiday season, and
most other nondurable lines of trade
registered gains. Dealer deliveries of
new autos advanced in the fall, with
extra sales efforts being exerted to move
the unsold I960 models and with the
1961 models generally meeting an
initial favorable response.
Some of the major expansionary elements which were propelling the economy forward as the year began have
largely spent their force for the time
being. As indicated in a subsequent
review, business fixed investment is no
longer rising, after a steady 2-year gain
from the cyclical low in 1958. Current
programs of business firms point to
some moderate cutbacks extending at
least into early next year.
Production is currently being held
back to pare inventories. While stocks
in trade channels have undergone little
net change in the aggregate since midyear, manufacturers' holdings have been
reduced moderately. The cutback—
amounting to about $800 million from
June through October—has been concentrated so far in working stocks; this
reduction was not significantly different
on a relative basis from the 4 percent
decline in sales over this period. Accumulation of finished goods at the factory
level has continued through 1960, and
in view of the current volume of sales,
business seems to regard them as being
on the high side at the present time.
60-12-1
Incoming orders to manufacturers
declined in October following a 2-month
spurt due largely to accelerated defense
order placement. For both durable
and nondurable goods producers, new
orders were once more close to earlier
1
lows,. With incoming new business
flowing at a seasonally adjusted pace
about equal to sales in the last several
months, backlogs were unchanged at
a volume $5 billion, or 10 percent below
a year ago.
The sales, orders, and inventory picture facing manufacturers since early
in the year has brought production
schedules steadily lower. The Federal
Reserve Board production index was
105 in November (1957 — 100), down 3
percent from the third quarter, and 6
points under the recent high at the
start of the year. The decline over the
course of 1960 came largely from a 10
percent cutback in durable goods production. Output of nondurables continued upward through the spring
months, but has reflected mixed tendencies in the more recent period.
Output of machinery has eased in
recent months with both electrical and
nonelectrical components sharing in the
decline. A part of the reduction in
electrical machinery reflected the sharp
drop since June, after seasonal adjustment, in the production of television
receivers.
Total machinery sales
abroad, as noted in the comprehensive
review of exports in this issue, have been
noticeably higher than a year ago with
foreign demand for capital equipment
being particularly strong in Europe.
Automobile assemblies have continued at a heightened pace, though
some cutbacks were instituted in particular makes as stocks in dealers7 hands
ai>preached no\v highs for the season.
C V,»ik-umier pui chasing of domes lie cars
in < Viober and November exceeded
a seasonally adjusted annual rate of
<> iMJLi'Mi, \\eli above the summer sales
p<u o. Nikb of foreign makes have declined. Production of other consumer
durable^ is still held back by relatively
slow sales and high stocks on hand.
Private construction activity has
bten on a moderately downward slope
since midyear, with the major influence
being residential building.
Employment lower
Overall business activity remains
high, but the autumn stimuli have not
been of seasonal proportions with a resultant continuing lag in employment.
The utilities, finance and other service
groups have shown little change since
SURVEY OF CURRENT BUSINESS
December 1060
early summer, while declines have
occurred in manufacturing, trade, construction and mining. Both durable
and nondurable goods producers have
fewer employees than in the second
quarter.
The average week was just over 39
hours in November, down from slightly
under 40 hours last July on a seasonally
adjusted basis. In this most recent
period, the cutback was more pronounced in nondurable goods production; earlier this year, the durable goods
firms had been more prominent in the
change.
Government employment and income
from this source continue to move upward, with the principal gain b}^ State
and local units. These agencies now
employ 325,000, or 4 percent, more
than a year ago, and altogether they
account for three-fourths of the total
gain in nonfarm emplojonent. The
number of Federal civilian workers is
currently unchanged from a year ago.
but also because of the reduced use of
credit for purchasing durable consumer
goods. Use of credit for the latter
purpose reached a peak last spring, but
since then, new installment loans have
fallen almost one-tenth. Meanwhile,
fixed commitments to repay mortgage
and other installment- debt remain close
to the all-time high.
Borrowing costs have not changed
greatly in the last several months; they
are currently up a bit from the lows
reached last summer but remain well
below last winter's high. Long-term
Federal issues now yield 3.9 percent,
up 0.1 from August but almost 0.5 of a
point below7" the January peak. The
Treasury bill rate moved up from the
neighborhood of 2 percent last summer
to 2% percent more recently; this compares with a yield of 4% percent last
winter.
Steel Developments
The steel industry experienced a rate
of operations considerably below exRelative ease continues to feature pectations during most of 1960. Mill
financial markets generally. Stock operations in November averaged 51
prices in November and early Decem- percent of capacity and a slightly lower
ber were up noticeably from their Octo- rate prevailed in December. For the
ber lows, averaging currently about final quarter as a whole, output is
the same as last spring. With the estimated at about 19 million tons of
exception of utilities, where prices have steel ingots and castings, somewhat
been exceptionally firm in 1960, com- lower than in the previous quarter and
mon stocks remain well below the post- more than two-fifths below the record
war highs reached around the start of output of the January-March period.
the year.
The July-December volume, estiThe availability of credit was en- mated at 39 million tons, was only 1
larged as the lending power 01 commer- million tons higher than the total for
cial banks was augmented by additional the low 6 months of the 1958 recession
reserves made available in early Decem- year. For the full year 1960, ingotber by Federal Reserve actions. The steel production is likely to run a shade
money supply, which had tended lower under 100 million tons, an increase of
through the middle of the year after 6 million tons over 1959.
allowing for seasonal influences, moved
The 1960 production total may yield
upward through November.
about 72 million tons of finished steel
New security issues of nonfinancial products. After allowance is made for
corporations have continued at a fairly imports and exports, the supply availsteady rate, although down a bit from able for the domestic market, as shown
last 3rear. The reduction has been in the accompanying table, is indicated
centered in stock issues; sales of new at 72.3 million tons, up slightly from
bonds and notes have picked up in the 1959 tonnage though more than 7
tempo this year. Business bank bor- million tons under the high 1955-57
rowing has leveled off since midyear as average.
During the steel strike year of 1959,
new working capital needs were curthe excess of imports over exports added
tailed.
Consumer borrowing has tapered, in nearly 3 million tons of steel to the
part reflecting reduced home purchases domestic supply side; this year, exports
The financial situation
SURVEY OF CURRENT BUSINESS
December 1960
increased and imports decreased so that
for the year as a whole the industry's
foreign trade position was approximately balanced.
The reduction of inventories of finished steel in the hands of consumers
and producers has been underway for
the past 6 months or so. For producers, the inventory liquidation has
been moderate with the book value of
current stocks of finished goods inventories —intermediate and finished steel
products as well as other finished materials — just moderately under the high
point. Though actual figures are not
available, it appears that the reduction
has been on a much larger scale for the
metal fabricating industries.
While steel shipments to all markets
this year were below the high 1955-57
average, overall consumption of steel
was probably close to the average of
that period. Activity in the metal fabricating industries has been at a high
rate, though it has declined in the more
recent months. This group of industries generally accounts for 65 to 70
percent of total steel shipments. In the
earlier period, manufacturers bought
more steel than was used whereas this
year inventories were liquidated after a
rapid upbuilding in the initial months
of the year. It should also be pointed
out that overall consumption of steel
in recent years has been reduced by a
shift in the product mix of some important end products and by increasing
substitution of competing materials
such as aluminum, concrete, plastics,
and glass. Standing out is the lower
steel requirements for the so-called
"compact" cars, which now constitute
more than one-third of the total passenger car output.
Table 1.—Production and Supplies of
Steel
[Million short tons, except as noted]
Auto steel use high
1955-57
1960
average 1959 preliminary
The auto industry in 1960 received
roughly 14.7 million tons of finished
Steel ingot production
Operating J rate, percent of
capacity
._
STIEL OUTPUT
Finished steel supplies:
Total shipments from domestic
production
Plus: Imports
Total new supply
Less: Exports
_
Available for domestic market..
Continues at Low Rate
Million Short Tons
115.0
93.4
99.5
89.1
63.3
67.0
82 6
1.2
83.8
4.4
79.4
69 4
4.4
73.8
1.7
72.1
72 0
3.4
75 4
3.1
72.3
1. Capacity (net tons) as of January 1; 129,200,000 (1955-57
average), 147,600,000 (1959), and 148,600,000 (1960).
Sources: U.S. Department of Commerce, Bureau of the
Census, and American lion and Steel Institute. Fourth
quarter 1960 partly estimated by the Office of Business
Economics.
150
100
50
I
1950
0
steel direct from domestic mills, plus
an unmeasured but sizable tonnage
from foreign sources. In the aggregate,
supplies available to motor car manufacturers, while still lower than the
1955-57 average, exceeded all years
except 1955—the top year of auto production. This year's assemblies of passenger cars and trucks over 7.8 million—
are expected to be the third highest on
record. Of the 1960 count, 2 million
units consisted of "compacts". The
1961 passenger car on the average
contains more than 60 pounds of
aluminum and 25 pounds of plastics;
this contrasts with negligible quantities in the earlier years.
I
I
I
I
I
1955
I I
1960
Preliminary
, 11
1957
1958
1959
1960
1961
Monthly Data At Annual Rate
Data: Aisi
U. S. Department of Commerce, Office of Business Economics
60-12-3
For other major markets, the reductions in steel takings in 1960 from the
earlier period generally ranged from
one-tenth to more than one-fourth.
Much of the reduction in the volume
of deliveries to these markets reflected
sharply lower activity in 1960. For
example, builders of railroad freight
cars turned out an average of 70,000
units in the earlier period whereas this
year not more than 60,000 units are
expected to be delivered to class I railroads. Similarly, the demand for oil
country goods has remained slow reflecting the low level of activity in oil
and gas drilling and continued liquidation of inventories.
SURVEY OF CURRENT BUSINESS
Business Investment Programs
Ease Off From Peak
BUSINESS investment has tended to
ease off recently and modest reductions
in plant and equipment expenditures
are scheduled through the first quarter
of 1961, according to the recently completed quarterly survey of the Department of Commerce and Securities and
Exchange Commission.
The adjusted annual rate of investment in the July-September period
was $35.9 billion, off a bit from the
second quarter. Current anticipations
for the fourth 1960 and first 1961
quarters are $35.6 billion and $34.9
billion, respectively.
Plant and equipment outlays for the
full year 1960 are now calculated at
$35% billion, a 10 percent gain over
what was actually spent in 1959, compared with the 14 percent advance
scheduled last March. The year has
witnessed a gradual reduction of programs since the spring. Actual spending in the third quarter was $1 billion
(annual rate)—or 3 percent—less than
the earlier anticipation; the reduction
centered mainly in airlines, gas utilities
and in retail trade. Revised anticipations for the fourth quarter are also
down some $1 billion at an annual rate
below the figures reported 3 months
ago, with decreases fairly widespread
by industry.
Declines in outlays reported in the
latest survey are not large, except for
the transportation industries. Most
major groups will be starting out the
year 1961 with investment totals that
are not markedly different from the
average for 1960. The data are summarized in the accompanying summary
table.
The reductions that have taken place
stem mainly from the declines in sales
and profits in many industries since the
spring; sales, moreover, have not come
up to earlier expectations. Independent factors have also contributed to
the decrease, such as the near completion of the airlines' jet program this
year. That the declines have not been
larger may be attributed to the fact that
overall economic activity has changed
comparatively little thus far, with important economic indicators showing
mixed, rather than uniformly downward
trends.
Manufacturing edges off
December 1960
centers mainly in durable goods industries, where sales and earnings have
been easing since early in the year.
The largest cutback is in iron and steel,
although this is from a near-record
volume. High investment in steel facilities this year, coming at a time when
the operating rate has been quite low,
is an interesting example of an autonomous investment demand influenced^
to a large extent by factors related to
more efficient operations. Elsewhere
among durable goods producers, relative
changes are small, with most first quarter 1961 rates differing little from the
1960 average.
Nondurable goods outlays, seasonally adjusted, show a pattern of aggregate stability after the second quarter.
Some falling off is apparent in the
investment programs of textile, paper
and petroleum companies but food
company programs appear quite firm
and chemicals firms are anticipating a
slightly rising trend in their outlays.
The year and a half rise in manufacturing investment, in progress since
the beginning of 1959, came to a halt
this past summer and manufacturing
firms are now planning a small reduction. The seasonally adjusted annual
rate in the second and third quarters
of 1960 was approximately $14.7 billion,
and $14.3 billion has been scheduled Nonmanufacturing steady
The stable volume of investment in
Investment in Plant and Equipment for
noiimanufacturing industries that has
Years 1959 and 1960, and First Quarter
been in effect since early 1959 is ex1961 at Annual Rate
pected to continue through the end of
Billions of dollars
Percent
1960 with some fall off scheduled for
change
the first quarter of 1961. As in the
First 1959
1960 to
past individual trends are mixed.
1959 1960 * quarter to
1961
196U 1960
first
Both major segments of the transquarter
portation industry are planning sharp
—1
Manufacturing
12.07 14.45
14.3
20
reductions from recent spending rates.
Durable goods
The railroads, with carloadings down
industries
—2
5.77 7.20
7.1
25
Nondurable goods
and railroad income depressed, are
7.2
6.29 7.25
-I
industries
15
planning
to spend considerably less in
2
Mining
.99 1.01
0
1.0
.92 1.02
Railroads
.7
-36
10
the
first
quarter
of 1961 than they did
Transportation, other
2.02
-19
1.94
-4
than rail
1.6
in 1960. New orders for freight cars
1
5.67 5.74
5.7
Public utilities
0
have been reduced so that unfilled
7
11.7
1
Commercial and other. 10.88 11.59
orders for such equipment are now
10
34.9
32.54 35.74
-2
Total
lower than at any time since the late
v Preliminary includes anticipation for fourth quarter.
summer of 1958.
1. Seasonally adjusted annual rates.
The domestic airlines' current jet
Sources: U.S. Department of Commerce, Office of Business
Economics, and the Securities and Exchange Commission.
acquisition program is now far advanced; this year's programs, morein the fourth quarter of this year and over, have again been stretched out so
again in the first quarter of 1961. that 1960 outlays are less than expendiManufacturing investment, it may be tures in 1959. It now appears that the
noted, was in the forefront of the 1960 top in such spending was in the second
investment advance, and the $2X-billion half of 1959, with anticipated first
rise over 1959 for this category ac- quarters 1961 expenditures well below
counted for some three-fourths of the the average for that period.
dollar increase in total plant and equipThe other nonrail transportation
ment expenditures over this period.
groups—pipelines, water carriers, truckThe decrease currently scheduled ing and bus lines—also show declining
SURVEY OF CURRENT BUSINESS
December 1960
expenditure expectations reported last
March so that this year should see a
rise of only 2 percent over 1959.
Gas company investment continues
high but with a rather erratic movement on a, quarterly basis; fourth
quarter 1960 and first quarter 1961
scheduled expenditures, seasonally
adjusted, are not much different from
the 1960 average. At the present
time it appears that expenditures have
been reduced about 10 percent below
the expectations reported in March,
so that 1960 outlays will probably
not differ much from the 1959 expenditure total. Pipeline authorizations by
the Federal Power Commission so far
this j^ear have been running at a record
rate.
investment tendencies since this past
summer. For 1960 as a whole, expenditures were unchanged from 1959
in the case of pipelines, moderately
higher in the case of water carriers and
bus lines, and lower for trucking firms.
Utility rate high
Plant and equipment expenditures
of electric utility companies are holding
up well, a phenomenon that has been
observed in each of the previous
postwar downturns in aggregate fixed
investment. High rates of investment
are expected to be maintained through
this fall and winter. With sales to
customers showing little change since
midyear, there has been a slight
cutback—about 4% percent—from
Commercial construction steady
Communications investment is reaching a new high this year with the total
in excess of $3 billion, up about 15
percent over 1959. The seasonally
adjusted trend of outlays is steadily
up through the third quarter of 1960,
with some leveling apparent around
yearend.
In the commercial group a stable
rate of outlays at record levels is
apparent from the second quarter of
1960 through the first quarter of 1961.
On an annual basis most of the subgroups in this category—trade, service,
and finance—show investment increases
over 1959, with construction contractors
alone registering a decrease.
Table 2.—-Expenditures on New Plant and Equipment by U.S. Business,1 1958-61
[Billions of dollars]
I960
1959
1958
Manufacturing
11.43
Seasonally adjusted at annual rates
Unadjusted
Annual
1959
1960
12. 07
1961
1959
1961
1960
2
Jan.- Apr.- July- Oct.- Jan.- Apr.- Julv- Oct.- Jan.- Jan.- Apr.- JulvAlar. Juno Sept. Doc. Mar. June Sc-pt, Dec. 2 Mtir.a Mar. June Sept.
Oct.Dee.
Jan.- Apr.- July- Oct.-2 Jan.Mar. June Sept. Dcc. Mar.2
14. 45
2.46
1. 60
.30
1. 14
.21
. 07
3.02
3.02
3.57
3.09
3. 76
3.62
3.98
3.14
11.20
11.80
12,25
12.85
14. 10
14.70
14. 65
14.,
14.3
'.09
1.44
. 22
.07
1.74
.34
.09
1.55
.33
.07
1.88
.42
.08
1.80
.42
.07
1.97
.44
.08
1.53
.32
.07
5.25
1.00
.30
5.75
1.05
.35
5.85
.90
.30
6.15
1. 15
.30
7. 15
1.60
.30
7.40
1.60
.30
7.35
1.75
.30
6.9
1.5
.3
7.1
1.5
.3
Primary iron arid steel
Primary nonierrous metals
E l e c t r i c a l machinery and
equipment _ _
_
1.19
.44
. 4G
.52
.65
.09
.12
.13
.17
.12
.16
.17
.20
.13
.45
.50
.55
.55
.60
.65
.70
.7
.6
Machinery, except electrical. _ _
Motor vehicles arid equipmentTransportation equipment,
excluding motor vehicles
Stone, clay, and glass3products.
Other durable goods
.92
.56
.91
.64
1.11
.89
. 18
.12
. 22
'. 15
.23
.18
.28
.19
.25
.17
.28
.26
.25
.31
.23
.25
. 17
.80
.55
.90
.60
.95
.70
.95
.75
1.15
.80
1.15
.90
1.05
.95
1.1
.9
1.1
.8
.37
.40
1.13
.39
.53
1.44
.42
.64
1.59
.08
. 11
.28
.10
.14
.36
. 10
.13
.37
. 11
.15
.43
.10
. 14
.36
.10
. 17
.43
. 10
.15
.37
.11
. 18
.43
.10
.13
.37
.40
.40
.40
.40
.45
.40
.40
.4
.5
5. 9G
.74
.29
6.29
.83
.41
7 ^5
!92
.52
1.31
.19
.08
1.57
.22
. 10
1.58
.20
.10
1.83
.22
.13
1.54
.21
. 12
1.88
. 25
. 13
1.81
.23
. 14
2.01
.23
.13
1.61
.23
.13
5.95
.75
.30
6.05
.85
.35
6,40
.85
.45
6.70
.85
.50
6.95
.90
.50
7.30
.90
.50
7.30
.95
.60
7.4
.9
.5
7.2
1.0
.5
.58
1.32
2.43
.13
.47
.63
1.23
2.49
.19
.51
.75
1.60
2. 58
.24
.65
12
.26
.52
.04
. 11
15
.30
.62
.05
.13
17
.31
.63
.05
. 12
19
.36
.73
.06
. 15
16
.33
.53
.05
. 15
18
.40
.69
.06
. 17
20
.40
.63
.06
. 16
21
.47
!06
. 18
55
1.15
2.55
60
1. 15
2.40
65
1.30
2.45
70
1.30
2.55
70
1. 45
2.55
75
1.60
2.70
.80
1.65
2.50
.8
1.7
2.6
1.7
2.3
Mining
.94
.99
1.01
.21
.24
.26
.27
.22
.25
.26
16
.39
.48
.05
. 17
2*>
.95
.95
1.00
1.05
1 00
1.05
1 00
10
1.0
Railroads
.75
92
1 02
16
26
28
22
25
29
24
21
.16
.65
1.00
1.30
.85
1.00
1.10
1.00
1.0
.7
1.50
2.02
1.94
.41
.53
.54
.55
.47
.55
.47
.46
.38
1.70
2.10
2.15
2.15
2.00
2.15
1.90
1.8
1.6
Public utilities
6.09
5.67
5. 74
1.20
1.47
1.48
1.51
1.18
1.42
1. 50
1.61
1.18
5.80
5.80
5.60
5.50
5.75
5.70
5.60
5.9
5.7
Communications
2 62
2.67
59
.67
.66
.75
7.20
8.21
[2.68
2.99
2.91
3.01
2.76
10. 35
10.85
11.05
11.20
11.35
11.60
11.75
11.7
11.7
30.53
32. 54
7.89
9.28
8.98
9.59
7.84
30.60
32.50
33.35
33. 60
35. 15
36.30
35.90
35.6
31. 9
Nondurable goods industries
Food and beverages
Textile mill products
Paper and allied products
Chemicals and allied products.
Petroleum arid coal products. Rubber products .__
Other nondurable goods 4
Transportation, other than rail
Commercial and other
5
_ __ _
Total
1.04
. 31
ill. 59
I'U.88
2.12
2.08
2.12
35.74
6.91
8.32
8.32
8.99
1. Data exclude expenditures of agricultural business and outlays charged to current account.
2. Estimates for the year 1960 are based on actual capital expenditures for the first three quarters and anticipated capital expenditures for the final quarter of the yoar. These data \vere
reported by business in late October and November 1960. The anticipated data have been adjusted when necessary for systematic tendencies.
3. Includes fabricated metal products, lumber products, furniture and fixtures, instruments, ordnance, and miscellaneous manufactures.
4. Includes apparel and related products, tobacco, leather and leather products, and printing and publishing.
5. Includes trade, service, finance, and construction. Figures for 1960-61 and seasonally adjusted data also include communications.
NOTE: Details may not add to totals due to rounding. Data for earlier years were published in the June 1956 and March 19.58 SURVEY OF CURRENT BUSINESS.
Sources: U.S. Department of Commerce, Office of Business Economics; and Securities and Exchange Commission.
6
SUEVEY OF CURRENT BUSINESS
December 100C
The Balance of International Payments
Was More Adverse in Third Quartei-Hper Capital Outflows
More Than Offset Continuing Rise in Trad« Surplus
JL HE expansion in the surplus on
merchandise trade continued in the
third quarter when it reached a seasonally adjusted annual rate of more than
$5 billion, about $1 billion higher than
in the previous quarter. The effect of
this change was more than offset,
however, by a rise in the net outflow of
funds on other transactions which increased to a seasonally adjusted annual
rate of about $9% billion, from close to
$7 billion in the second quarter.
The excess of payments over receipts, measured b}^ the decline in our
gold holdings and the increase in liquid
liabilities rose in the third quarter to a
seasonally adjusted annual rate of
about $4.1 billion. This raised the
deficit for the first 3 quarters of 1960 to
$3.2 billion at an annual rate, compared
with $3.8 billion for calendar year 1959.
The deterioration in the international
balance since the first quarter of this
year—when net payments were at a
rate of $2.6 billion—was nearly as large
as the improvement which had occurred
earlier from the previous quarterly high
in the middle of 1959 to the initial 1960
quarter.
Somewhat more than half of the rise
in the merchandise trade surplus in the
third quarter was due to a decline in
imports to a seasonally adjusted annual
rate of just under $15 billion, nearly $1
billion less than a year earlier.
Nonmilitary merchandise exports advanced to an annual rate of $20 billion
from $19.5 billion in the second quarter
and $4% billion above the trough in the
first quarter of 1959.
Although exports in the third quarter
of this year were close to the previous
peak in the early part of 1957, the
export surplus (see chart) was still less
than at that time.
The large increase in net payments
on transactions other than merchandise
trade was due to shifts in private capital
movements. Government nonmilitary
grants and capital outflows were lower
than in the previous quarter (which
included an $80 million capital contribution to the Inter-American Development Bank) and net payments on
services and military transactions were
slightly reduced.
ence. There are indications that this
represented in part the transfer of
funds to foreign affiliates, or the retention for short-term investment abroad
of funds which ordinarily would have
been repatriated. About S200 million
of the total of $345 million during the
Capital outflows increase
quarter was invested in Europe. This
The rise in net capital outflows during represents a doubling of direct investthe third quarter resulted mainly from ments in Europe over the previous
an acceleration of U.S. short-term in- quarter and nearly so over the average
vestments abroad, and a $145 million quarterly rate during 1959. More than
change from net purchases to net sales half of the $200 million total invested
by foreigners of U.S. corporate securi- in Europe was reported by oil
ties. Perhaps a combination of these companies.
developments was responsible for the
Other long- and medium-term investsubstantial rise in net payments on un- ments abroad, principally purchases of
recorded transactions.
foreign securities and loans, were less
Direct investments also increased, than in the second quarter.
contrary to the usual seasonal experiRecord short-term capital flows
U.S. BALANCE OF INTERNATIONAL PAYMENTS
Deteriorates in Past Six Months, Despite
Continued &ise in Merchandise Trade Surplus
Billion $
15
10
Balance on
Merchandise Trade
Balance on Ofhsr Transactions
- (excl. merchandise and changes in gold holdings
and liquid liabilities)
I 1 i jj j_i j I i
I 1 j ill
ill I 1 I t I i i
Reduction in U.S. Gold
Holdings and Increase
In Liquid Liabilities
-10
! i i i 1 i i i I i i 11 i i i 1 i i i 1 i 1 1 i i i 1 1 i i i 1 i i i 1 i
1951
1953
1955
1957
1959 1961
Quarterly Totals, Seasonally Adjusted, at Annual Rates
NOTE.— Excludes military goods 8 services under grants for all
periods and in the second quarter of 1959 the U.S.
subscription to the International Monetary Fund.
U. S. Department of Commerce, Office of Business Economics
60-I2~4
The recorded outflow of short-term
U.S. private funds increased in the
third quarter to about $400 million, the
highest quarterly amount on record.
Additional short-term investments
abroad are probably also reflected in
the steadily rising debit balance on
unrecorded transactions during 1900,
which reached about $280 million in the
third quarter (after seasonal adjustment), a swing in excess of $400 million
from the average credit balance of about
$150 million per quarter during the 4
years 1956-59.
A considerable part of the outstanding credits represents financing of trad*.1
between foreign countries, with the U.S.
financial institutions probably purchasing the commercial paper from foreign
exporters or banks. At the end of the
third quarter U.S. banks held nearly
$400 million in dollar acceptances based
on trade between other countries.
While these investments at the end of
September amounted to only about
one-eighth of the total outstanding
short-term foreign claims reported by
banks in the United States, they comprised nearly 40 percent of the $400
December 1060
million increase in claims reported by
these institutions during the second
and third quarters.
Another significant development \vas
the considerable rise in short-term
claims which were payable in foreign
currencies. Between March and September these were reported by banks
to be up from about $200 to $400 million. This was the highest amount on
record, and accounted for about half
of the total rise in foreign claims
reported by banks. In addition, substantial investments of that type were
reported during the second and third
quarters by nonfinancial enterprises
and additional outflows of funds lor
such investment abroad during the
third quarter can be inferred from the
rise in net payments on unrecorded
transactions. Most of the assets denominated in foreign currencies are held
in the United Kingdom and Canada.
During the third quarter the amount
of such funds held in Japan also became
significant.
Outstanding
dollar acceptances
based on exports from the United
States more than doubled from the end
of 1959 until the end of September,
while exports increased from the fourth
quarter of 1959 to the third quarter of
this year by less than 10 percent (before adjustment for seasonal variations). This suggests that foreign importers obtained credits from the United
States in preference to credits from their
own or oilier lending countries. Export acceptance credit was also substantially higher than during the previous export peak in 1957.
Differences
in interest rates ividened
International investments of liquid
capital, particularly purchases and sales
of negotiable short-term obligations
such as acceptances and Treasury bills,
and changes in deposits held in foreign
banks are influenced by differences
among countries in interest rates earned
on such investments.
In order to react to interest rate
differentials, international capital movements must also be relatively free of exchange control or other restrictions.
It was, in fact, the removal of such
restrictions b}T most of the European
countries in early 1959, and more
recently by Japan, that made the
SURVEY OF CURRENT BUSINESS
balance of payments of the United
States much more subject to international financial competition than it
had been prior to that time.
The following tabulation gives an
indication of earnings on 3-months
Treasury bills here, in Canada, and in
the United Kingdom, without and with
forward exchange cover. Although
other investments for liquid funds are
also available here and abroad, the
Treasury bill rates may give a fair illustration of the changes in one incentive for international movements of
liquid capital.
It may be seen that with forward
foreign exchange cover, the net gain
resulting from investment in United
Kingdom rather than U.S. Treasury
bills rose to well over 1 percent in June
and stayed about that high through
October. A high difference of nearly 2
percent was reached in the early part of
July. Although this dropped to about
1 percent in November, it was still high
enough to provide some inducement to
investors to keep their liquid funds in
the United Kingdom.
According to reports, some individuals or business concerns invested shortterm funds abroad without forward
cover under the assumption that the
interest rate differentials of well over 3
percent during most of the third quarter would be large enough to compensate
for exchange losses, which, in fact, in
many periods did not occur or were
relatively small.
The rise in interest rate differentials
was the result of a decline in U.S.
Treasury bill rates starting around the
middle of January 1960, with a major
downward shift occurring in June. British rates had moved up subsequent
to November of 1959, with a sharp
rise in July but declined again during
October and November. Incentives to
hold liquid funds in Can and a were
relatively high from the middle of
June to the middle of August-, and reappeared during the latter half of October and in November.
Table 3.—Analysis of U.S. Balance of Payments (Excluding Goods and Services
Transferred Under Military Grants)
[Millions of dollars]
Calendar year
Quarterly (seasonally ad justed
1959
1958
1
Recorded transactions other than changes
in monetary go Id stock and in liquid liabilities:
U.S. payments.
. .
Imports:
Merchandise
ServicesRemittances and pensions
Government grants and related capital
outflows
U.S. private and other Government
capital outflows
U.S. receipts
Exports:
Merchandise
ServicesRepayments on U.S. Government
loans
Foreign long-term investments in the
United States
11
IV
I
11
III v
29, 634
7,020
7, 537
7, 522
7, 555
7, 444
7, 6<>5
7,883
12,951
15,315
8.245
779
3, 592
2. 029
186
3. 930
2.036
189
3. 951
2. 082
211
3, 842
2. 098
193
3. 790
2. 138
194
3,855
3,715
2,173
219
9 40"
2,477
616
fill
(.29
621
( :28
760
($4
3 f)48
23 893
2 818
25, 025
649
ti94
6, 826
(.70
7,112
1,142
1, 134
16, 203
7, 062
16, 225
7.239
4. 589
1.880
4,87^
1, 934
r
«, 000
1,961
r.44
150
174
24
152
-j
—553
7R9
-749
1,073
-1,234 - 1. 184 -1.065 -1. 159 — 3. :>41,
-1822
8,102
7') i >
1
5, 983
771
6,026
6,458
SOI
6, 558
3 898
1. 786
3, 940
1,749
4. 330
1.823
4, 127
1, 881
1. 013
297
147
147
422
548
79
190
158
128
18f,!
-1,511 -1,064
-277
120
-997
68
-618
541
380
783
Total (balanced by decline in
U.S. gold holdings and increases in recorded liquid liabilities)
-3,477 -3,826
Quarterly figures at annual
rates
__.
Addendum: Goods and services transferred
under militarv grants (unadjusted)-.
III
27, 750
Excess of receipts or payments (— )
-3,857 -4,G09 -1,037
9 9-'>
on goods and services
— 96
on unilateral transfers, on movements
of U.S. capital and of foreign longterm capital
6 199 -4,513 -1,030
Unrecorded transactions:
Excess of receipts or payments (— ) .
I'J-.iO
1959
144
-893
-3.600
2.2X1
1, 988
351
-63
351
'-1,160 -1,127
— 646
-22
2, 166
' 214
-151'
-283
-712
-1032
'-4,600 -4.500 -2.600 -2,600 —2, 800
—4. 100
505
62f,
p Preliminary.
1. Excludes $1,375 million for U.S. subscription to International Monetary Fund.
Source: U.S. Department of Commerce, Office of Business Economics.
397
460
-640
()]f»
2fiS
SUEVEY OF CURRENT BUSINESS
8
December 1960
Table 4.—U.S. Balance of Payments by Areas
Millions of dollars]
All areas
Line
I
1 Exports of goods and services
5, 926
12
-
Government
13 Imioori of <*aods and se*~\ 'to
14
Meid ia list idm^ e i e flu ling military.
r
l. >
10
17
18
19
20
21
Travel
_
Miscell
>
ICPS
Prr it
Go^ / T ii° i*" v !• dmv, military
Militao L \\ end it in s
Income ,SJ. in f ^ t m e n
Pn\1 e
( O" ^ imen t
.
I
III P
II r
26
9y
29
P) i\ ite idnit t in
Go\ einn
'1 1
M1! I n \ gi i its o good-, and services.
Otb A i gt iiit^
Pf ivnis nd oHiei ti i isfers
..
III
II ' III P
6,946 2, 048 2,014 2, 637 2,404
7,518
615
5, 421
5,797 5,878
6,309
6,903
6, 681 1,655 1,761 2, 317 2,271
3.802
4,060 4, 035
5,000
4, 673 1, 097 1, 198 1, 683 1, 646
626
4, 604
265
386
187
4° 5
222
429
295
414
193
452
247
457
325
300
36
74
300
36
85
301
35
63
294
3f
63
302
468
108
60
488
121
60
536
113
71
532
115
58
556
131
5, 967 6, 200
3, 884 3, 848
479 480
412 617
5,761
3, 820
440
28f
6, 049
3,858
537
476
5,431
3, 597
409
258
122
Latin American
republics
Canada
393
253
320
51
II
III
III P
II r
II
1960
III
II'- III P
60 1,370 1, 323 1, 384 1,267 1,316 1,294 1, 363 1,328
20
7
20
7
15
52
51
60 1,370 1,323 1, 384 1,267 1,296 1,287 1,343 1,321
13
42
47
50 1.046
197
25
205
31
9
209
2
1
1
38 (x) (x) (x)" (x)
299
36
108
141
10
50
135
12
41
139
13
89
1
1
1
1
136
12 (x) (x) (x) (x)
(x)
77
568
128
87
75
29
31
98
23
31
103
30
24
85
1
8
41 (x)
936 1, 048
883
915
894
928
857
36
160
34
126
33
166
75
66
78
81
75
73
77
93
34
34
1 (x)
9
6
34
1
10
36
1
57
64
6
4
59
6
9
57
3
100
59
51
(x) (x)
80
51
89
137
18
18
125
17
18
153
23
17
183
21
20
35
116
6
27 1,080 1, 155 1,002 1,119 1, 183 1,1 G« 1,230 1,141
25
26
20
6 022 2, 244 2,310 2,222 2, 146
22
3, 555 l!l4" 1, 150 1, 030 913
21 802 770 747 733 945 896 979 871
19
21
27
64
30
260 284 284 (x) (x)
65
30
(x) (x) r
83 210 106 116 109 120
3
4
274
238
1
218
73 206
ISO
i
45
15
14
145
71
790
163
112
139
64
764
141
68
736
149
107
790
93
20
435
92
20
417
92
19
388
128
52
134
59
133
74
148
101
147
86
145
77
83
35
88
45
94
47
92
43
924 -196 -296
659 -589 -549
-879 -537 -381
415
95
258
125
-291
-5
-5
26
26
—6
26
26
—7
33
33
-6
310
310
-4
34
8
9
4
3
4|
^
168 382 148 133 128 133 187
168 382 148 113 121 113 180
-6 -11 -13 -66 -46 -68 -49
-7
(5
-6
—7
—6
-4
-6 -11 -13 -46 -39 -48 —42
-6
—6
— 5 (x)
92
(x) (x)
1 (x)
20 "(x)"
428 (x) (x) (x)
-627
-578 -5?4
-575
-624
-614 -144 — 128 -157 -158
-141
-138 -131
-142
-163
— 505
-437
-49
-626 —397
—393 -333
-380
,-0
-615
-411
— 50
-156 -68 — 67
os g
-265 -393
-405 — 55 -42
-53 -21 -19
-74 — 75
TQ
-1,663 -228
— 289 -1,652 -205
116 147
2G8
-58 -127 -170
-222
—22!)
150
-152
-381
-345
113
-149
2,050 1,277
751
885
51J
716
753
590
163
190
158
185
152
—1
141
135
109
21
72
116
57
323
124
50
-182
58
121
19
1,702
748
439
751
803
458
469
527
224
101
48
3
-68
-106
59
741
95
47 Increase in U.S. short-term and other liquid
liabilities (lines 43-45) and reductions in
gold holdings (line 46) .3
48 Errors and omissions and transfers of funds
between foreign areas [receipts by foreign
areas (— )], net.
Memorandum items;
I
Increase in reported total foreign gold
reserves and liquid dollar holdings.4
Through estimated net receipts from,
II
or payments ( — ) to the United
States>
Through other transactions 6
III
875
160
(x)
1
(x)
8
-9
11
1
28 -65 -95 (x)
10
167
50
94
637
318
274
48
577
616
827
1,152
893
892
529
719
8
-9
11
32
-6
-145
-188 -64 -307 -311 -385
15
15
-3
2,841 1,421
790
1,038
1, 271
960
754
940
958
8
-9
11
872
2,593 1,278
608
817
1. 147
829
585
218
334
23
6
8
143
182
221
124
131
169
722
624 -15 -15
3
248
-9
-9
1 (x)
1.035
163
-1
(x)
-4
1
109
26
"s
<j
7
1
89
9
"
-3
A
-8
58
248
139
22
1
36
Q
-3 — 12 -10 -17 -15
g
93
22 -32
152
156
37
-138
-2
175
213
-20
— 9R
~3
24
-3
-97 -115 -112
-96
"-24 -15
11 -235
4
3
-2
1
22 -210
21
117
76
132 -200
81
9p}
-3
40
-6
3
1
-1 -19
60 -21
21 -26 -13 -29 -22
125
2 -174 -115 -317 -63
-9
-20
-32
-2
-46 -65 -115 -16
-100 -70 -140 -48
39
29
53
50
1 -24 -25 —7
108 -56
"
247
U14
-..
2
32
59
20
9
-25
-10
2
8
3
3
10,
2
—66 -116 -36
26
-49 -103 -U 110 137 -30
2
107
40
19
-193 -165 -206
-195 -165 -160
— 90 -86 -104
-3
^
39
1
97
37
(x)
-3
-2
8 -10
270
2,601 1,286
365
1
109
-141 -62
2
51 -4 -26 -29 -19 (x)
11
—2 —1
-230 -54 -28 -38 -70 -3
6 (x)
1
6
76
45
32 100 (x)
173
21 -1 -29 -28 -24 (x)
8
-87 -53
440
40 Monetary gold [U.S. sales ( 4- ) , purchases ( — ) ] .
1
-322 -11 -26 -27 -20 -190 -295
-190 -292
2
-373 — 7 (>:)
-141 -117
-136
1
6
25
-66 -4 (x)
1
8
"Hi
-53
-107
37
38
39
40
852
(x)
34
-320 -133
-63
-1 (x)
-20 -21 (x) (x)
-768 -1,064 -1,008 -237 -43 -265
-864 -175 -54 — 267
-546 -683
— 269 — ''97 —345 — 104 —30 - 1 09
-59 -34 -18 — 3
-274
-103
1
26
3
3
21
32
18
-83 —67
30 -149
— 55 - 160 -398
-39 -176
r
52
193
30
-470 -2, 408 - 6.20
-391 -745 -392
— 267 —449 — 229
- 192 -129 — 175
12
36
21
-141 -40
-120
40
—62
107
41 Foreign capital, net [increase in U.S. liabilities
(+)].
Direct and long-term portfolio investments
42
(other than U.S. Government securities)
in the United States.
43 Foreign purchases of U.S. Government bonds
and notes, net.
Increase in U.S. short-term liabilities to
44
foreign banks and official institutions.
Increase in other U.S. short-term liabilities^
45
15
III *
II r
133
30 U.S. capiidl r~t [increase in U S assets ( — ) ] _ _
31
Prnate, m t
______
32
ID'iif t l i v e T i ut^> i t
"N"( \\ issiu s
33
34
R» Jf mpti 11
Othei Ion ' u t 1 t n f
. . _
35
Shot t tcim n r
36
Government,
met
Lon r ti i m r ip 1 1
Rf p lymtnts
Foreign currency hohangs and shorttorn cl nms n e t Fmcu ise ( — )].
III
II
1959
1960
1959
1960
143
69
775
22 Balance on gooil^ and sser^irts
75
973 1,469
456
495
854
548
-10 -170 -322
23
ExcSu'3'pg tm^fers undei military grants.
24 Unilsferxl trar«-fers, ret [to f>rc gn countries -1,132 -1,20-1 -931 -1,000 -1,239
(--)]
Exrluuli ig zm'it-irv transfers
II
425
Goods and services excluding transfers
under military grantsMerchandise, adjusted, excluding military.
Transport it 'on
Miscell neons s n \ icts
Pin ite
Go\einment, exul i ling military _ _
Milttai v ti nsiction^
Income on ^ T ^stmem^
Ditec i i I e tm i s
III
6,734
3
10
11
1959
1960
397
505
7
8
9
1959
6,423 6,275
Goods and services transferred under
military grants, net.
TlTACi
1960
II
2
5
6
Eastern Europe
Type of transaction
1959
4
Western Europe
276
110
62
23
28 -215
107
227
33!
1
36
38
29
9 -56
21 -239 -111 -62
135
12
47
48 -114 -251 -158 -35
Revised.
* Preliminary.
riss Not shown separately.
x Less than $500,000.
1. Beginning with the first quarter of 1959 transactions with shipping companies operating under the flags of Liberia, Panama, Honduras, and Bahamas are shown in the column
"International institutions arid unallocated."
2. Iraq is not included in the sterling area, beginning with the third quarter of 1959.
3. Includes in the second quarter of 1959 $1,375 million for increase in U.S. subscription to the International Monetary Fund, of which $344 million was paid in gold (line 46) and $1,031
million in non-interest-bearing short-term Government securities (line 44).
4. Changes in reported gold reserves of foreign central banks and governments, excluding U.S.S.R. and other Eastern European countries, plus foreign liquid dollar holdings (lines 43,
44, and 45).
SUEVEY OF CURRENT BUSINESS
December 1960
9
Second and Third Quarters, 1959 and 1960
[Millions of dollars]
Sterling area 2
All other countries
J
International institutions and
unallocated
Other countries
United Kingdom and other
Europe
Total
Li LU.'
III
II
1959
1960
1959
III P
II >•
III
II
1959
1960
III P
II r
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
nss
9G7
1,021
1,352
1, 304
426
462
604
588
541
559
748
716
3
591
648
930
939
213
261
372
392
378
384
558
547
4
29
83
16
83
92
19
95
26
55
8
53
9
58
10
60
11
28
8
30
13
34
9
35
15
6
12
97
7
8
96
7
6
99
7
94
6
5
73
2
2
72
3
2
74
3
2
69
2
2
24
5
6
24
4
4
25
4
3
25
4
3
8
0
131
16
18
142
12
170
17
13
119
12
8
47
13
13
50
9
65
13
7
43
9
84
3
5
92
3
105
4
6
76
3
10
1, 123
696
96
68
1J23
677
97
87
1,170
660
110
81
1,049
581
111
103
625
304
83
36
638
305
84
49
618
282
97
44
569
218
97
55
498
392
13
32
485
372
13
38
489
378
13
37
480
3(33
14
48
13
14
15
16
73
11
73
11
123
72
11
116
72
10
117
71
2
80
71
2
75
71
2
68
71
2
74
2
48
2
9
48
1
9
48
1
8
43
17
18
19
47
8
49
8
47
8
43
6
45
7
47
7
45
7
1
1
2
1
2
1
1
20
21
nss
-156
nss
rsss
-102
nss
nss
245
nss
nss
255
nss
nss
-199
nss
nss
-176
nss
nss
-14
nss
nss
19
nss
nss
43
nss
nss
74
nss
nss
259
nss
-98
-88
-30
-27
nss
1,403
1,754
1,701
Tl
965
I, 294
1,237
17
92
15
98
24
105
17
107
28
25
23
31
56
18
23
57
17
12
57
16
14
57
16
13
11
10
12
191
12
11
203
13
14
219
17
15
207
17
19
8
10
1,355
961
56
52
1,401
I, 003
58
53
1, 440
1,020
61
63
1, 441
1, 012
61
66
105
8
80
142
8
77
130
10
97
148
5
25
239
5
26
238
25
245
5
25
251
6
44
8
45
9
5
12
6
9
12
11
10
1
10
1
12
248
35
-563
139
2
-479
589
314
-659
385
260
-493
-34
-34
-27
-90
-90
-13
-76
7g
-17
-87
-87
-350
-342
-384
-368
-27
-13
-17
-27
-52
-46
-63
-56
-213
-278
-20
-137
-252
—44
-3D2
— 125
-291
-349
— 173
-161
14
11
-19
1
-29
22
-435
-194
-80
—28
1
-16
— 71
-358
-196
-21
-23
-176
-120
18
— 74
-147
104
34
-241
-165
30
-106
-162
-111
26
172
196
42
102
1,085
324
18
13
15
4
5
6
43
-41
1,080
— 14
— 15
76
61
61
(x)
1
10
10
9
4
11
85
128
(x)
15
44
(x)
13
-19
-81
-70
-81
-87
-17
-16
-16
— 12
-15
-13
26
nss
-64
nss
nss
(x)
nss
(x)
3
nss
(x) o
nss
(x)
nss
-64
nss
-57
nss
-64
nss
-72
27
28
29
-396
-245
-97
17
-317
191
-101
-40
42
— 50
-25
-29
6
-166
171
—183
-182
-95
-154
-65
—45
—230
-74
-32
17
-134
9
—6
-18
(x)
—3
30
31
32
33
34
35
36
2
15
-2
2
15
-29
-29
6
-31
-33
^
-194
107
— 95
-148
-53
1
16
29
11
1
8
-54
20
-151
-6
-84
30
-22
17
52
38
-144
-151
4
2
1
4
5
i
6
2
-1
-95
-126
an
2
01
12
-53
11
60
18
88
7
64
4
1
63
g
171
86
129
368
152
31
75
380
186
54
27
31
47
24
25
1
82
45
-84
16
63
65
-22
16
63
35
22
236
15
250
46
277
178
-46
—5
325
207
-4
14
(x)
3
11
135
156
157
16
16
-18
50
62
35
19
352
-192
10
204
245
62
117
1,432
126
442
243
428
345
39
(x)
(x)
—6
81
-87
(x)
(x)
5
^
2
(x)
(x)
22
23
24
-20
-1,415
-40
-30
-4
3
-9
(x)
2
236
nss
-15
27
-1,375
-1,375
RSS
-18
-17
-12
(x)
12
-14
-13
—1
11
-17
-106
-27
ey
(x)
-29
-101
!<-!
-157
(x)
nss
-64
4
-36
I
nss
972
(x)
(x)
III P
II r
nss
1, 390
(x)
(x)
III
II
nss
125
54
III P
II r
nss
1,826
275
52
III
nss
2,029
137
54
II
III v
1960
nss
1,540
213
52
II '
1959
1960
nss
1, 603
71
III
II
1959
I960
(x) ^
(x)
^
-123
-24
]1
1
1
-14
o
-89
43
8
-99
45
10
64
-156
-125
12
-88
7
-64
55
54
-12
-34
41
3
6
-1
42
51
-48
on
30
(x)
51
p.c
37
38
39
•40
43
-29
44
—4
4:>
11
—7
5
200
150
13
200
200
150
70
171
232
252
350
352
184
201
355
385
48
51
-5
-33
-17
-31
49
-31
162
59
-129
-184
25
-6
-180
-203
137
65
51
19
4*
(x)
(x)
-5
(x)
(x)
—3
200
13
46
177
242
1
59
1, 638
460
121
215
38
209
382
267
9
126
430
335
29
83
-48
-68
I
646
488
490
462
1,463
87
109
135
394
311
221
168
209
195
175
182
185
116
46
-14
II
-469
-246
-489
-403
175
373
12
80
-356
-102
161
99
-200
-69
255
153
-156
-33
-94
-54
III
5. For "All areas" equals balance (with reverse sign) on line 23 (less net sales of gold by domestic sources to (+) or purchases from (—) the monetary gold stock of the United States).
plus lines 25, 30, 42, and 48. Domestic sales to (+) or purchases from (-) the monetary gold stock were in millions of dollars: 1959 I, -3; II, -8; III, -8: 1960 I, -8; II, -10; III, -5. For
individual areas line 48 is not included.
6. Line I minus line II. Amounts for "All areas" represents gold obtained by foreign countries outside the United States.
Source: U.S. Department of Commerce, Office of Business Economics.
575864°—60
2
SURVEY OF CURRENT BUSINESS
10
Money Market Rates
[Percent? per year]
Volatility of capital movements
While capital movements and changes
in trade can frequently have opposite
effects on the balance of payments (as
3-inonths
Treasury bills Without With foris also suggested by the chart), recent
fon\ arc!
ward exchange
exchange
experience has shown again that capital
co~\ *er
cover
Averages
i
movements can change much more
rapidly than trade or services transJ2
J
•f.
actions.
o .2
a
1 0.5
^ lp
A rise in net payments started by an
„,-"
P
P
& outflow of funds to take advantage of
higher interest rates abroad can be
1959
2. 76 3. 73 3. 17 0. 97 i 0. 41 0. 40 0.07
First quarter
accentuated by speculative capital
Second quarter . . . 3. 01 4.87 3.34 1.86 .33 . 52 -. 11
3.49 5. 56 3.47 2.07 -.02 -.02 . 11
Third quarter
movements in anticipation of changes
Fourth quarter- - . 4. 22 4.98 3.48 .70 -.74 -.39 -.05
in the relationship of currencies to
1900
First quarter
3. HO 4. 41 4. 43 . 55 . 57 . 14l . 48
each other or to gold, or of restrictions
April
•1 23 3.41) 4.65! . 1 7 1 . 42 . 1 5 . 59
on the international movement of
May
3. 29 2.87 4. 58i -.42 1.21- -.28 . 66
2. 4f 2.87 4. 88 . 41 2. 421 . 61 I. 38
June
funds. This danger increases as the
2.30! 3. 13 5.58| .83 3, 28 1 . 66 1.37
July
2. 30 2. 53 5. 58
23 3. 28 .36 1.34
August
international liquidity of a country
2. 48 1 . 89 5. 53 — . 59 3. 05 -.24
95
September
2. 30; 2. 65 5. 36 . 35 3. 06 .58 1.25
October...
shrinks, either as a result of declining
November
2.37i 3.56 4. 72 1. 19 2. 35 . 75 1.00
liquid assets or of increasing liquid
Sour-, -v: [ > > : i r i < > f governors of the Federal Res
liabilities. The rise in the outflow of
gold since July, which reached a peak
The apparent advantage of holding of nearly $500 million in November, and
liquid, funds abroad based upon inter- the speculative nonmonetary demand for
est rate differentials with or without gold during October in foreign markets
forward cover paralleled the movement appears—in part at least—to be related
of short-term U.S. capital as shown in to the earlier increase in the deficit
the available statistics, and a similar in the balance of payments. The
m o vein en t of other funds as is suggested importance of short term capital moveby the >\ving from the usual net receipts ments is illustrated by the fact that
to net payments on unrecorded trans- both in the prewar and postwar periods
actions.
major financial difficulties in foreign
countries were usually preceded, agRelation of business to capital flow
The changes in interest rates on gravated, or, often caused by, large
short-term securities, such as Treasury adverse movements of liquid capital.
bills, nro largely the result of capital
Except for liquid capital floivs balance
market conditions and of policies t o f
improved
monetary authorities to steer economic
The third-quarter balance on transdevelopments in their respective countries. The rise in interest rates in actions, other than these movements
several European countries during the of liquid funds, consisted of net payspring of this year was the result of the ments to foreign countries of not quite
upward movement of business activity $1.5 billion, at a seasonally adjusted
close to their productive capacities, and annual rate. (This estimate assumes
the desire of the monetary authorities that some short-term capital outflows
to dampen the rise in demand so as to would have occurred to finance exports
avoid inflationary pressures. The de- or for other purposes not related to
cline in rates here coincided with a interest rate differentials or other, spegradual easing of the market demand cial, factors.) If the inflow of foreign
long-term capital had been as large
for goods and services.
The outflow of short-term capital— as during the average of the preceding
and to some extent also of funds for year, net payments would have been
longer term investments—was due, less than $1 billion. As already noted,
therefore, to the same economic forces this large improvement from the $4.5
which are also to a large extent respon- billion rate a year earlier was primarily
sible for the recent rise in exports and the result of the higher surplus on
merchandise trade, and some improvethe slo ,v decline in imports.
Excess over United
States
r2
^
;
December 11)60
ment in the balance on services and
military transactions.
As indicated in the extensive analysis
of merchandise trade on p. 11 in this
issue, recent exports included large
deliveries of commercial planes, and
large shipments of industrial materials
due to supply shortages abroad, particularly in steel and nonferrous metals
which typically develop during cyclical
peaks. These cannot be expected to
continue in such large volume over
longer periods.
Imports were probably less than can
be assumed for a period of higher
utilization of our domestic productive
capacity. Although the trade balance
suggests a recovery from the extraordinarily unfavorable conditions in the
early part of 1959 and also an
improvement in our competitive position, it also reflects a temporary
coincidence of circumstances which
tended to raise the surplus.
Immediate and long-run balance of
payments problem
The recent balance of payments
develop m en ts suggest, t herefore, two
problems: The immediate requirement
of checking the outflow of short-term
capital, and the longer range requirement of bringing about a further improvement in the balance on our major
interchange.
The attainment of the first objective
lias been eased somewhat by reductions
in interest rates in some foreign countries during November and December,
but so long as business activity in
Europe and Japan continues at relatively high rates, the tight supply
situation for capital in these countries
is not likely to show a substantial
change. Therefore, some of the adjustment to reduce the outflow of
funds may have to be made in this
country.
An adjustment of the rates on shortterm negotiable securities to the extent
necessary to attract the funds which
otherwise would go abroad would help
to strengthen the balance of payments
and the international position of the
dollar. A resumption of the expansion
in business activity here would also tend
to increase the domestic employment of
(Continued on page 20)
BY MARIE T. BRADSHAW AND MAX LECHTER
Expansion of Exports Supports Domestic Business
Merchandise Trade Surplus Expands to 3-Year High
Export gains in industrial materials and
capital goods to Europe and Japan
Imports are lowest since early 1959; industrial
materials and automobiles lead decline
Position of U.S. in World Trade Analyzed
AS RECENTLY as a year and a half
~^^ ago, contraction in the U.S. merchandise export surplus was a prominent
factor contributing to the increasing
deficit in the nation's balance of international payments. The restoration
and rapid expansion of the trade surplus
in the brief period since that time have
reversed the previously unfavorable
impact of merchandise transactions
upon our international financial position.
Differential movements in business
activity here and abroad have helped
to raise the export balance. These same
diverse economic trends, however, have
induced capital movements, particularly during the second half of the year,
which more than offset the beneficial
effect on the balance of payments that
otherwise could have been expected
from the favorable shift in our trade
position. This is discussed in the analysis of recent changes in our international status that appears earlier in
this issue.
With the slowing down in our economic pace during the course of 1960,
the brisk rate of export business has
become a welcome stimulus to domestic
o u t p u t o f a broad range of commodities.
At the same time lower imports of some
manufactured products have also exerted a favorable influence on production
schedules in several of the Nation's
leading industries which have recently
demonstrated an increased ability to vie
with foreign competition in the home
market.
NOTE. Substantial portions of the data contained in this
article were prepared by Hugh L, Hodge.
In the second quarter of 1960, the
margin of merchandise exports over imports stood at more than $4 billion at
a seasonally adjusted annual rate as
compared to the abnormal situation
prevailing a year earlier when our trade
interchange was in virtual balance.
During the third quarter, the merchandise surplus climbed by still another $1
billion, topping the $5-billion mark for
the first time since 1957, when the Suez
crisis had provided a temporary stimulus to exports. More recently, our large
positive trade balance has been well
maintained as evidenced by export and
import data for October 1960.
Though lower imports and higher
exports have operated as partners in the
rebuilding of our positive trade balance
over the past year as a whole, higher
exports played a more important part in
this development (see chart).
Exports near record; imports off
Exports in the July-September quarter 1960 hit $20 billion at a seasonally
adjusted annual rate, having advanced
by more than $4% billion or by 30
percent, as compared with the cyclical
low in the first quarter of 1959.
The recent expansion of exports has
been much slower than was the case
during the earlier phase of the upswing.
The third quarter gain in exports of
half a billion dollars at a seasonally
adjusted annual rate was absolutely and
relatively much less than the corresponding advances attained in the
previous two quarters.
Imports, in contrast to exports, have
drifted gradually downward since late
1959. After a brief rally in the spring
quarter, imports were again on the
downgrade in the third quarter, sliding
by over half a billion dollars to a
seasonally adjusted annual rate well
below $15 billion. This total, the
lowest since January-March 1959, was
more than $1 billion below the record
rate established in the second quarter of
last year.
Area distribution of trade
In the first three quarters of 1960,
improvement in the balance with Western Europe and Japan accounted for
EXPANSION IN U.S. TRADE SURPLUS*
Third Quarter Merchandise Exports
Exceed Imports by $5 Billion at Annual Rate
Billion $
22
20
18
16
14
Imports
12
\
\
10
1956
57
I
58
59
60
61
Quarterly, Seasonally Adjusted at Annual Roto*
* Excluding military goods
U. S, Department of Commerce, Office of Business Economics
60-12-5
11
12
SURVEY OF CURRENT BUSINESS
nearly three-fourths of the year-to-year
gain in the overall trade surplus. This
change, which coincided with the expansion of European and Japanese
business activity to new highs, merits
more than ordinary attention. It reversed a pattern which, had characterized U.S. trade with these areas
during the preceding period of more
than 2 years. Beginning in the latter
part of 1957, there had been a steady
deterioration in, and eventual elimination of, our traditionally large export
surpluses with Europe and Japan, and
by the spring of 1959 a small net import
balance had developed.
During the middle two quarters of
I960, net receipts from trade with
Western Europe aggregated nearly $2,8
billion at an annual rate, reflecting a
gain in exports of almost $2.2 billion
(up nearly one-half) and a drop in
imports of about $0.6 billion (down
about one-eighth), as compared with
the corresponding 6-month period a
year earlier when our export and import
trade with that area was about evenly
matched (table 1).
In the same middle quarters of 1960
the merchandise account with Japan
showed a moderate surplus, in contrast
to a sizable import balance a year
earlier. Although imports from Japan
continued to rise during this period, the
increase in imports was more than offset
by the advance in exports. Such exports to Japan were up by almost onehalf, having advanced relatively about
as fast as exports to Western Europe.
Aside from Western Europe and
Japan, the other areas which contributed prominently to the recent rise
in the overall export surplus include a
few countries in the outer sterling
area—Australia, India, and the Union
of South Africa—and Eastern Europe.
Minor shifts in Canada and Latin
America
During January-September 1960, the
export surplus with Canada was almost
identical with that of a year ago.
Whereas in the first quarter of 1960
both exports to and imports from
Canada had been higher than a year
earlier, the totals for the following six
months showed a moderate 3rear~toyear decline in our two-way trade with
that country, having been adversely
affected by the slackening in Canadian
economic activity and the more recent
leveling tendency in our own economy.
For nearly 2 years our overall trading
account with the 20 Latin American
republics has been in approximate
balance. Relatively little change has
occurred in either exports to or imports
from Latin America as a whole.
The Cuban market was approaching
virtual collapse even before the imposition of the recent embargo. The
December 1060
current rate of exports to Venezuela is
the lowest in 5 years. Major losses in
exports to these two countries since
last year have been compensated by
increased shipments to a number of
other southern destinations including
Mexico, Argentina, Chile, Colombia,
and Uruguay. In the case of imports,
reduced arrivals from Cuba since May
likewise have been largely offset by
expanded purchases from other Latin
American sources including Venezuela,
Peru, and Mexico.
Bole of Six Key Commodities
JL HE steep climb in the overall merchandise surplus reflects favorable shifts
in exports and imports of a broad range
of commodities, but six major individual
commodities have led the expansion
(table 2). During July-September,
steel, cotton, and aircraft together accounted for almost two-fifths of the
year-to-year gain in the export surplus.
Another trio—passenger cars, copper,
and aluminum—contributed an additional one-fourth of the total improvement.
Though the United States did not
resume its pre-1959 position as a net
exporter of steel until May I960, by
the third quarter the excess of exports
over imports had risen to $340 million
Table 1.—U.S. Exports,1 General Imports, and Trade Balance, by Selected Countries
[Millions of dollars]
Exports, including reexports (excluding military aid)
I
Total.
1959
1960
Year-to-year change __
Western Europe and Japan, total
1959
1960
Year-to-year change
Western Europe
_ 1959
1960
Year-to-year change
Japan
1959
1960
Year-to-year change -Other areas— totals
_ 1959
1960
Year-to-year change
Canada .
_
1959
1960
Yenr-to-year change
Latin American Republics
1959
1960
Year-to-year change
Australia
_ _ 1959
1960
Year-to-year change
India
1959
1960
Year-to-vear change
Eastern Europe
_1959
1960
Year-to-vear change. _
All other countries «___1959
1960
Year-to-year change
II
III
Jan. Sept.
IV
Trade balance 2— Xet exports (+) or net imports (-)
General imports
I
II
III
Jaii.Sept.
IV
3, 844 4,100 4,052 11, S9C 4,343 3, 567 3, 854 3, 829 11,250 3, 962
3 S SOO 3, 830 3, 543 11,173
4,615 5,062 4, 735 14,412
771
962
683 2, 416
1,204 1,394 1, 431
CMH
1^ 1,457 1, 384 1,220
57^12
253 -10 -211
l^S63.
fiL2§9 H§ 1,000 1, 148 1, 152
1,181 1,084 917
4,940
— 64 -235
r 1. 551 Ii^1 2 181
0 4 246 279
276 300 303
~H
— 77
II
III
277 246 223
815 1,232 1,192
538 986 969
Jan.Sept.
746
3, 239
2,493
IV
381
4,029 1,524
83 -60 -13
4,061
397 657 787
32
314 717 800
3. 300 1~224
60 -29
52
3,182
343 638
-118
277 667 725
729 "300
17 -31 -65
879
54
19
10
150
37
50
7,221 2~438 194 306 236
7,112
418 575 405
224 269 169
-109
2, 179 ""§62 276 254 173
2, 191
227 305 153
-49
12
51 -20
10 156
1,841
1,831
' 89 "m
1, 758
1,669
— 79 — 15
83
162
736
1,398
662 """80
703
685
-18
918 897 2, 679 895 976 914 874 2, 764 850 -112
4
23
914 947 845 2, 706
936 862 2,645
-67 -11
17
33 -29 — 58
—62
45 -15 -6
18 —35 — 34
11
35
55
179
57
50
25
82
87
51
147
45
41
29
59
274
31
90 114
117
69
18
95
6 -24 -12 -30 _ _ _ _ _
39
32
63
44
56
53
156
75
283 "~53
93
68
47
15
37
58
61
172 139
458
57
176
90 114
78
8
15
79
175
10
20
63
71
77
22
19
21
69 "~21
62 "~18 -3 -9
19
10
40
45
8
21
62
48
2°
23
19
27
120
11
35
8
51
-3
3
8
32
638 603 1, 865 ~~665 677 614 622 1,913 607 -53
24 -19
131
722 681 2,137
85
603 637 620 1,860
61
93
2
53
184
84
78
74
61
272
80
-85
45
-61
24
32 ""37
157
125
2
127
282
155 .....
7
58
51
-48
58
277
325
1,287 1, 334 1, 418
1,854 2,041 2,007
567 707 589
1, 006 1, 119 1, 204
1, 524 1, 722 1, 694
458 603 490
221 215 214
330 319 313
99
109 104
2, 557 2,766 2,634
2,761 3,021 2,728
94
204 255
882 1, 056 944
936 1,056 884
54
—60
864
847
— 17
46
70
24
122
147
25
19
27
8
624
734
110
233 -24 -286
I
24
72
54
312
7,957 2~663 2, 363 2,460 25398
2, 343 2, 446 2, 323
8,510
-20 -14 — 75
553
2 882 "942 606 802 771
709 751 731
2,876
103 — 51 -40
—6
1. Global and area export data exclude military aid shipments under the Mutual Security Program (MSP), but include
"cash" special category exports (potential military end items not shipped under MSP military aid programs). Individual
country totals (Japan, Australia, India) exclude all special category exports, whether shipped as MSP aid or for "cash."
2. Year-to-year changes in Trade Balances: Increase in net exports or decrease in net imports (+); Decrease in net exports
or increase in net imports (—).
3. Includes "cash" special category exports to Japan.
4. Includes "cash" special category exports to Japan, Australia, and India.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
December 1960
at an annual rate, the highest margin
since the spring of 1958. As compared
with the fourth quarter of 1959, when
the disruptive effects of the domestic
steel strike upon our foreign trade had
been greatest, and net imports had
amounted to more than $550 million at
an annual rate, the trade balance in
steel had shifted in our favor by nearly
$900 million. The gain in exports and
corresponding drop in imports had
contributed almost equally to this major
swing.
Cotton exports in 1960 promise to
be among the highest in any postwar
year. Based upon actual data for
January-October and estimates for
November and December, exports of
cotton will be around $900 million, a
figure nearly twice as large as such
exports in 1959 when foreign demand
for U.S. cotton had been at the lowest
since 1947. While exports during the
current season which began in August
ma}7 fall somewhat short of the 7.2
million bales exported in 1959-60, it is
anticipated by the U.S. Department of
Agriculture that they will be well in
excess of 6 million bales.
Peak exports of aircraft;
metals
nonferrous
Exports of civilian-type aircraft during 1960 will be double their 1957 value,
the previous record for such deliveries.
During the first 10 months of the current
year, aircraft exports (mainly jets) rose
to over $600 million at an annual rate,
an amount $470 million above the
annual rate of January-October 1959.
New annual highs for exports of copper
and aluminum are also assured for 1960.
The initial quarter of the year brought
the first reversal in this nation's historical role as a net importer of aluminum. Our new position as a net
exporter was sustained until October
when exports of aluminum declined to a
rate about equal to that of imports. In
the second quarter, the U.S. also
abandoned its usual role as a net importer of copper, a role which has been
customary since 1939. Exports of
copper until October continued to top
imports.
Auto imports off
Our wide margin of imports over
exports of passenger cars—a situation
which has existed for about 3 years—
13
Industrial Materials Aid
Surplus
has become steadily narrower since the
third quarter of 1959 as the new coinpact American cars introduced a major
factor of competitive importance. In
the three months ended October 1960,
imports fell to an annual rate of about
$310 million, less than half the amount
recorded in the comparable quarter of
1959. It is estimated that anit imports for the year 1960 will total between 450,000 and 475,000—roughly
200,000 under 1959. Exports of passenger cars meamvhile, have performed
even more poorly than was the case last
year.
In contrast to the six key items,
which contributed $2/2 billion, at an
annual rate, to the overall 3'ear-to-year
gain in the third quarter trade surplus,
all other commodities taken together
were responsible for less than $1%
billion of the total advance. At
least $670 million of the latter amount
resulted from the changed pattern of our
trade in a variety of crude and semimanufactured materials. At the same
time our trade deficit in foodstuffs was
Table 2.—U.S. Exports, Genera! Imports, and Trade Balance, by Selected Commodity
Groupings
[Millions of dollars]
Exports, including reexports (excluding military aid)
I
II
III Tan.Sept.
IV
Trade balance *— Net exports (+) or not imports (— )
General imports
1
II
III Tan.3eot.
I
IV
1959 3, 844 4, 100 4, 052 11,996 4 31.° 3, 567 3, 854 3, 829 11,250 3, 9(32
1960 4,615 5, 062 4,735 14,412
3, 800 3, 830 3, 543 11, 173
— 77
Year-to-year change _ _ _ 771 962 683 2, 416
233 -24 -286
Total
Six selected commodities,
total
II
III
277 246 223
815 1, 232 1,192
538 986 969
381
307
939
I , 306
103
44
115
71
213
661
44S
211
22 -10 -79
8r
61
71 164
5-r
122
361
726
365
347
787
440
257
965
676 2,189
419 1,224
449
382 465 485 1,332
5s4 403 293 1,250
-82
172 — 62 -192
552 -21
172
193
Cotton, unmanufactured, 1959
1960
Year-to-year change
93
344
251
93
222
129
54
129
75
240
695
455
213
13
t
—4
10
14
4
27
80
335
25r
Steel mill products
1959
1960
Year-to-year change. __
115
IIP
189
62
69
172
103
311
479
168
61
137 148
128
87
c -61
378
424
46
200
lie
Copper, unmanufactured .1959
1960
Year-to-year change.--
45
52
37
105
68
28
124
96
110
281
171
16
64
105
41
75
95
79
7£
4 -16
234
121 — 19 — 38 — 67
26
45
-34
64 112
Aluminum, unmanufactured
1959
1960
Year-to-year change
12
53
41
14
42
28
21
42
21
47
137
90
35
41
46
26
24
24
27
1 -17 -22
113
75
-38
38
Commercial aircraft
2f
8f
59
19
177
158
50
182
132
95
444
349
65
11
7
-4
8
4
-4
31
20
-11
6
Passenger cars, new__
70
74
4
57
35
27
g
162
153
g
59
549
175 19C 178
197 152
8,".
431
22 — 41 — 93 — 11',
1959
1960
Year-to-year change
1959
1960
Year-to-year change
93
209
12
9
34
~2&
805 954 2, 486
898 1,013 1, 050 2,961
96
475
171 208
89
211
122
27
18
45
18
43
-66
62
128
15
78
63
7
168
161
42
178
13'"(
64
424
300
298
643
345
364
848
484
451
809
358
843 965
958 1,048
115
83
883 2,691
960 2, 966
275
77
908
1959 1,289 1,307 1,249 3,845 1, 300
1960 1, 329 1,465 1,329 4,123
278
40 158
Year-to-year change
80
1959
1960
Year-to-year change
579
651
72
628
700
Reexports
45
53
8
48
49
1
1959
1960
Year-to-year change
667 1,874
670 2,021
3
147
42
50
8
135
152
17
'"59
-387 -126
— v>m
10>
1,113
2,300
1,187
484
9:'=.
Other, n.e.s
Foodstuffs
-3
993 1, 479 1, 476 1,391 4, 346 1,481
-671 — 437 -1,860 -488
1, 388 1, 405 1,319 4, 112
— 490
— 1 151
79 — 23i
— 91 — 71
709
1,;8
252
Finished manufactures,
n.e.s
1959 2,132 2,272 2,132 6, 536 2,208 855 1,021 1, 036 2,912 1, 146 1,277 1. 251 1,09:;
1, 058 1, 144 1, 119 3, 331
1960 2,287 2, 513 2,289 7,089
1, 21!) 1, 309 1, 170
155 241 157
419
553
213 123
Year-to-year change
83
74
-58 118
Machinery and related
items .
1959
1960
Year-to-year change
- 139
-124 - 105
18
142
14
26
40
185 -lOo -139 -143
— r>3 — 100
-18
39
80
1959 3, 483 3, 753 3,795 11,031 3,894 3, 185 3, 38!) 3,314 9,918 3, 410
1960 3,889 4,275 4,059 12, 223
3 94 o 3, 427 J. 250 i), 92,1
406 522 264 1,192
38
Year-to-year change
61
Crude and semimanufactured
metals, n.e.s
1959
1960
Year-to-year change
118 -228
384 383
502 611
— 113
Other commodities, total
IV
746
3, 239
2, 493
1959
1960
Year-to-year change
11
Jan.Sept.
640
47
755
842
87
2, 299
2, 565
236
761
433 341
464 32H
31 — 13
1, 325
1,193
-132
301
392
401
9
147
726
818
92
738 874 908 2,520
928 1,001 1,001 2, 930
93
190 127
410
999
551
401
-10)
851 892 917 2, 660
790 878 812 2,480
-61 -14 -105 -180
783
272 9 f>4 9")0
-139 -178 -142
133
86 108
117
140
23
147 128
143 118
-4 -10
45
53
8
3, 624 1, 062
3, 758
134
818
90S
87
48
49
1
42
50
8
-786 -137
-459
327
135
152
17
47
1. Year-to-year changes in Trade Balance: Increase in net exports or decrease in net imports (+); Decrease in net exports
or increase in net imports (—).
Source: U.S. Department of Commerce, Office of Business Economics, from basic data of Bureau of the Census.
14
eased to the extent of about $430 million. The export surplus on finished
manufactures (excluding steel, aircraft,
and autos) was at an annual rate scarcely
$300 million above that of July-September 1959.
The strengthening of the U.S. position in crude and semimanufactured
materials was accomplished with the
cooperation of both higher exports and
lower imports of such important commodities as rubber, chemicals, lumber,
paper base stocks, textile fibers, and
hides and skins. It was reinforced by a
large expansion in exports of iron and
steel scrap.
Fuel and unmanufactured tobacco
were, in fact, the only major items within this grouping which failed to contribute to our improved position in the
third quarter. On the basis of their
performance during the first three
quarters of the year exports of coal during 1960 will be the lowest in 6 years.
Pattern of Finished
Manufactures
While during 1960 exports of both
finished manufactures and crude and
semifinished goods, after excluding the
six key items, have been higher than a
year ago, the year-to-year gain of 8
percent in manufactured exports in the
first 9 months of 1960 did not approach
the almost one-fifth rise in exports of
crude materials and semimanufactures.
On the import side, moreover, manufactures rose whereas crude and semifinished goods declined.
The improvement in the surplus on
manufactured goods, after excluding
civilian aircraft and steel, was largely
due to higher exports of machinery and
a few other types of capital equipment,
such as trucks and buses, and railway
equipment, needed for industrial development abroad. Some increases also
occurred in exports of a variety of consumer goods and other miscellaneous
items—especially those which had benefited by import liberalization measures
adopted by countries in Europe and
elsewhere in the world, notably Australia. The higher receipts from such
exports, however, were largely cancelled
out by rising payments for imports of
textiles, rubber and leather goods,
transistor radios, and a few other types
of manufactures.
SUEVEY OF CURRENT BUSINESS
During the first three quarters of
1960, machinery exports were up from a
year earlier by a margin averaging
about one- tenth, with most of the increase accounted for by enlarged shipments to Western Europe. Aboveaverage relative gains were recorded by
exports of specialized industrial equipment including office and textile machinery. Imports of machinery, which
in the first quarter of 1960 had scored
a year-to-year increase of nearly onefifth, have since dipped below the rate
of a jT-ear earlier.
Trade in Foodstuffs
Most of the reduction from last year
in net payments for foodstuffs reflected
shifts in trade of onlv three commodi-
December 1060
ties—grains, coffee, and meat. Based
upon the January-October period, grain
exports during the current calendar year
will surpass those of 1959 by several
hundred million dollars and will be the
high st since 1948. Due to less favorable crop conditions in Europe and to the
stepped-up schedule of deliveries to
India under the assistance program
sanction xl by Public Law 480, wheat
exports during the current season which
began in July may be even higher than
in the 1959-60 crop year.
Thus far in 1960 (January-October),
payments for imports of meat and coffee
have been at annual rates about $100
million and $70 million, respectively,
below those of a year earlier.
Sensitivity of U.S.
to Overseas
Business Conditions
SlNCE the current expansion in exports is linked so closely with the flow of
industrial materials, machinery, and a
few other key commodities to Western
Europe and Japan—areas which are
currently experiencing unprecedented
business prosperity—it may be relevant
to examine some of the past responses of
our exports to cyclical swings in the
economies of these countries. Before
looking backwards, however, some attention should be devoted to the current
status of the European and Japanese
industrial booms.
The nearly 2-year old upsurge in
Western European business activity,
which by the second quarter of 1960
had lifted output in the OEEC countries by a total of nearly one-sixth,
appears to have become less steep than
was the case during the earlier phase of
the advance. Though in the second
quarter of this year the seasonally adjusted index of industrial production
for the OEEC countries combined rose
at least 2 percent over the previous
quarter, this progress was slower than
several months earlier and less than half
that which occurred in the final months
of 1959. Developments during the late
summer and early fall have confirmed
such evidence of a slower expansion in
the European economies as production
approaches capacity limitations and is
retarded by bottlenecks.
This is particularly true in the
Common Market area, but in the
United Kingdom weaknesses have appeared in several industries, particularly
those producing consumer durables. In
Japan production continued to expand
rapidly but also at somewhat slower rates
than in 1959.
Exports respond
abroad
to cyclical stvings
From the first half of 1957 to the like
period of 1958, nonmilitary exports to
Western Europe and Japan underwent
declines of nearly 30 and 40 percent,
respectively. These major decreases
coincided with a mere levelling out in
European business activity and with
only a very modest and short-lived dip
in Japanese industrial output. While
the initial reactions of our exports to the
upturns in European and Japanese
business activit}^ during the latter part
of 1958 were negative, this lag in response has been more than compensated
during the current year. In the first
half of 1960, exports to both destinations
increased over the comparable period of
1959 relatively much faster than did
industrial production in these areas.
SURVEY OF CURRENT BUSINESS
December 1060
The current vulnerability of our exports to possible slowdowns in business
activity in overseas industrialized countries should not, of course, be measured
on the basis of the magnitude of our
1957-58 export declines to these areas.
However, some insight into this problem
may be gained by examining the behavior of a few commodities responsible
for much of the change in overall exports
to Western Europe over the past 4 years.
Shifting Export Pattern
to Europe
Exports of coal and petroleum—
which together had been responsible for
more than two -fifths of the total rise in
nonmilitary exports to Western Europe
from the first half of 1956 to the like
period of 1957, and for over one-third
of the subsequent decline in such exports from the first half of 1957 to the
first half of 1959-—accounted for only 4
percent of our total exports to Western
Europe in January-June 1960. This
portion was less than one-fourth as
much as that in the same months of
1957. Any further downward changes
which could possibly occur in our
shipments of fuel would therefore have
only a limited effect upon the value of
our overall exports to Western Europe.
Lesser role of erratic commodities
The accompanying chart shows that
the remaining changes in our total nonmilitary shipments to Western Europe
during 1956-59 were associated mainly
with swings in exports of five individual
commodities—raw cotton, steel mill
products, steel scrap, copper, and
civilian aircraft. These accounted for
more than 70 percent of the rise in net
overall (nonfuel) exports to Western
Europe from the first half of 1956 to
the comparable period of 1957, and
again, for more than 73 percent of the
corresponding decline from the first
half of 1957 to the like period of 1959.
Though these same five commodities
have been prominent contributors to
the major upswing in exports to this
area during the current year, their 45
percent share of the total increase was
greatly reduced from that of 1956-57
(see chart). This is an indication that
the current upturn in exports is more
broadly based t!:an was the rise of
1956-57.
The five selected items nevertheless
did contribute as much as $^ billion of
RECENT CHANGES M U.S. NOMMILITARY EXPORTS TO
15
the total increase in oar nonmilitary
exports (excluding fuels) to Western
Europe during the first half of 1960 as
compared with a year earlier. Therefore, at least brief attention should be
given to factors which may affect the
immediate outlook for exports of some
of these commodities.
Recent factors in European demand
It is anticipated that European demand for American cotton will continue
to be fairly high during the balance of
the current crop year. However, due
to such factors as the tapering off of the
rise in European textile production,
the gradual buildup in European inventories of raw cotton and intermediate textile products, and the increased
availabilities of raw cotton in competitor exporting countries, the outlook for
U.S. cotton exports at the beginning of
the current season was somewhat less
optimistic than it had been a year
earlier when stocks abroad of American
cotton were very depleted.
Judging b}^ the large expansion in
European steel output during the current year, and the further ambitious
increases anticipated for 1961 and subsequent years, Western Europe's reliEUROPE
Were More Broadly Based Than During the Previous Three Years
First Half INCREASE: 1956 to 1957
First Half DECREASE: 1957 to 1959
First Half INCREASE: 1959 to 1960
Five Commodities Accounted for
Over 70 Percent of the Gain
The Same Five Commodities Accounted
for Over 70 Percent of the Decline
These Five Commodities Accounted for
45 Percent of the Increase
Billion $
1.2
These Five Commodities Are:
Coffon, Iron and Steel Scrap, Steel-Mill
Products, Copper, and Aircraft
Other Commodities
Other Commodities
NOTE.- Excludes exports of fuel which showed an extraordinary
rise and fall during and after the Suez Crisis of 1956-57.
'Basic Data: Census Bureau
Other Commodities
U. S. Department of Commerce, Office of Business Economics
-.8 L
60-12-6
SURVEY OF CURRENT BUSINESS
16
on the United States as a marginal
supplier of specialized types of steel,
such as sheets and tubes, should be
greatly reduced. Our steel shipments
to Western Europe are already on the
downtrend, having declined during both
August and September.
Copper exports to Western Europe
fell off in September and dipped further
in October. Much of the increased
European demand for copper imports
from the United States during the current year has been induced by political
unrest and labor difficulties in traditional African and Latin American supply sources with resulting uncertainties
concerning the steadiness of future
supplies.
Deliveries of jet aircraft to European
carriers should hold up fairly well
through mid-1961, based upon the current status of manufacturers' order
books. Prospects beyond that point
are uncertain, being largely dependent
upon whether or not foreign airlines will
require further large additions to their
already greatly expanded fleets.
ern Europe in January-June 1980 contributed $125 million to our improved
sales performance in. that area as compared with a 37ear ago. This upturn
may have been due in part to the progressive relaxation of European import
controls which had discriminated
against dollar purchases However, it
was mainly in response to the European
investment boom—a boom in which
American companies have been prominent participants,
The continued strength in Europe's
demand for capital equipment—as evidenced by the further lengthening in
delivery terms offered by European producers of machine tools and other types
of machinery—appears to foretell a
continuation, for some time, of the
favorable market for U.S. machinery
sales in Western Europe, though such
appraisals are fraught with uncertainties.
Competitive output overseas grows
Though the remaining $460 million
year-to-year rise in exports to Western
Europe during January-June 1960 reCapital goods exports to Europe
flected noteworthy increases in a variety
In addition to'the five selected com- of liberalized finished consumer-type
modities discussed above, a rise of one- items, it consisted mainly of gains in a
third in exports of machinery to West- number of industrial materials includ-
December 1960
ing, among others, aluminum, chemicals, synthetic rubber, man-made fibers,
and wood and paper.
The outlook for exports of many of
these basic commodities is undoubtedly
a function of what happens to the
foreign boom, and is clouded by other
factors such as the growth in Europe's
own competing productive facilities.
Western Europe's capacity to produce
items such as aluminum, synthetic rubber, man-made fibers, and other chemicals is increasing rapidly. Whether or
not this will result in a displacement of
our exports depends upon the extent to
which Europe's market for these products is expanding and upon the ability
of our exports to meet the new competition.
Europe's consumption of many of
these commodities still lags far behind
our own. The current share of synthetic rubber in Western Europe's total
use of new rubber is less than 40 percent,
a ratio little more than one-half that of
the United States. At the same tune,
Europe's four top users of aluminum—
the United Kingdom, Germany, France,
and Italy combined—consume an average of only 10 pounds per capita as
compared with 27 pounds in the United
States.
U. S. MERCHANDISE IMPORTS
Declines in All Major Categories
Billion $
ILS. Merchandise Imports lower
Z5
IMPORTS in all four major economic
categories in the third 1960 quarter
were lower than a year earlier (see
chart). Though reductions in imports
of industrial materials and foodstuffs
accounted for the bulk of the over $1
billion year-to-year decline in the annual rate of total imports during the
third quarter, decreases in imports of
passenger cars and a number df other
types of nonfood consumer goods were
also major contributing factors.
1959
ZO
I960
1.5
Food and Beverages
10
\
.5
Capital Equipment
Nonfood
Consumer Goods
J_
1st
Industrial Materials Decline
J_
2d
3d
4th
Quarterly
Basic data.- Census Bureau
U. S. Department of Commerce, Office of Business Economics
60-12-8
Except for imports of petroleum, iron
ore, and textile fabrics, arrivals of practically all major types of materials have
shown a year-to-year decline since the
first quarter. If these three items are
excluded, the year-to-year drop during
the third quarter in the remaining segment of our imports of industrial materials was well in excess of $800 million
at an annual rate.
About $240 million of the latter drop
was accounted for by reduced imports
of steel mill products which during the
last half of 1959 and in early 1960, due
to last year's steel strike, had been ext r a o r d i n a r i l y h i g h . About threefourths of the remaining amount was
due to lower arrivals of copper, aluminum, nickel, and other crude and semimanufactured metals; crude rubber,
lumber, and other building materials;
and unmanufactured wool.
An examination of the relationships
between supply and final purchases of
major individual commodities reveals
that the decline in imports has generally
paralleled a similar movement in domestic consumption. It also indicates that
the reduction in oar overall demand for
a number of important items—particularly metals—appears to have affected imports more than competing
domestic production. This may, in
part at least, be attributed to the large
purchases of primary materials by other
industrialized countries.
Downturn in nonferrous metals
Throughout most of 1960 domestic
consumption of both aluminum and
copper has trailed substantially behind
last year's rates. The full impact of
our reduced demand for aluminum after
the first quarter was borne by imports
which, additionally affected by the
cancellation of aluminum purchase contracts with Canada's major producer in
the early months of the year, slumped
nearly two fifths below last year's volume in the first 10 months of 1960.
Domestic primary aluminum output, in
contrast to imports, was well mainU. S. IMPORTS OF INDUSTRIAL MATERIALS
Year-to-Year Drop After First Quarter
Billion $
TOTAL
2.2
1959
2.0
I960
1.8
Groups Above a Year Ago:
OIL, IRON ORE, & FABRICS
.6
.4
Groups Below a Year Ago:
STEEL AND OTHER MATERIALS
1.6
1.4
1.2.
1st
17
SUEVEY OF CUEKENT BUSINESS
December 1960
2d
3d
4th
Quarterly
Basic data: Census Bureau
U. S. Department
of Commerce, Office of Business Economics
http://fraser.stlouisfed.org/
575864°
Federal Reserve Bank of St. Louis
60-12-9
tained through the third quarter. Notwithstanding our greatly increased exports during the year, inventories of
aluminum at the end of September had
risen to a new high.
The same supply-threatening factors
which helped promote our exports likewise affected imports of copper. These
imports, though lower after the first
quarter, have continued to hold up
better than would otherwise have been
the case. This is also true of domestic
copper production, which swung into
high gear after the strike settlements
early in the year and has since been
maintained at a near record rate.
Since the supply uncertainties are not
yet fully resolved, as evidenced by the
continued political unrest in Africa and
the possibility of a new copper tieup in
Chile at the turn of the year, the volume
of copper imports may be fairly well
sustained during the fourth quarter
despite the continued lack of vigor in
domestic consumption. The dollar
value of such imports, however, may
drift lower due to the break in copper
prices early in October.
quarter of 1960 had slumped more
than two-fifths below those of JulySeptember 1959, over three times the
concurrent rate of decline in consumption. In contrast to imports, domestic
production of apparel wool, stimulated
by the Department of Agriculture's
incentive payments program, has been
somewhat higher than during last year.
Shift in oil pattern; iron ore up
With prices down and the volume of
imports sharply lower than a year ago
when oil imports were inflated in
anticipation of mandatory quotas imposed in March and April of 1959,
the value of oil arrivals in the first
quarter of 1960 was almost $120 million
below the same year-earlier quarter.
In the following 6 months, however,
this year-to-year decline was nearly
canceled out as petroleum imports
registered a $100 million gain over
U. S. IMPORTS OF NONFOOD
CONSUMER GOODS
Year-to-Year Drop After Second Quarter
Billion $
.8
TOTAL
1959
Dip in rubber^ lumber, and wool
The volume of rubber imports in
the first 10 months of 1960 was less
then three-fourths as large as in the
same period of 1959, but much higher
world rubber prices in the current year
limited the decline in the value of such
imports to 10 percent. The substantial
tonnage contraction is partly explained
by the continued decline in the ratio
of natural to total consumption of new
rubber—from nearly a third in January
1960 to less than 30 percent in October.
It also reflected a partial displacement of imports by sales of natural
rubber from the Government's strategic
stockpile—a program initiated in October of 1959. This program is a longterm one which will be suspended only
during periods when spot prices for
natural rubber fall below 30 cents a
pound. The major declines in prices
for natural rubber since midsummer
are yet to be reflected in the import
statistics.
Until there is a substantial upturn
in home construction, imports of lumber
and other building materials may
continue to be lower than in 1959.
Imports of apparel wool by the third
V
/
1960
I
Groups Above a Year Ago:
RADIOS, TEXTILES,
- RUBBER & LEATHER GOODS
Groups Below a Year Ago:
PASSENGER CARS
OTHER NONFOOD
-CONSUMER GOODS
1st
2d
3d
4th
Quarterly
Basic data: Census Bureau
U. S. Department of Commerce, Office of Business Economics
60-12-10
SUEVEY OF CURKENT BUSINESS
18
April-September 1959. About half of
the improvement reflected net upward
revisions in the volume of quota allowables, while exempted imports—mostly
bunker fuels—made up the remainder.
Notwithstanding the decline in the
Nation's steel output after the March
quarter, imports of iron ore have continued at a near-record rate. Domestic
production of iron ore has also been
maintained in excess of requirements
with the result that iron ore inventories
at the end of September were at a
record high of 85 million tons.
Coffee, Meat, and Sugar
Imports
Mixed Trends in Consumer
Goods
Divergent trends have characterized
our recent imports of various types of
nonfood consumer goods. Arrivals of
appliances and of softgoods—apparel
and other finished textiles, rubber, and
leather articles—continued on the uptrend ; imports of passenger cars declined
sharply after the first quarter; and
aggregate imports of other nonfood consumer goods lagged slightly behind a
year ago beginning in the third quarter.
Auto imports hit by U.S. compacts
Keflecting the increasing success of
U.S. compact cars in the domestic
market, the volume of passenger car
imports during July-September was
Lower prices and reduced volume
contributed almost equally to coffee
imports declining by $70 million at an
annual rate in January-October 1960
as compared with a year earlier.
Though roastings during the first three
quarters of 1960 were about the same
as a year ago, net additions to green
coffee inventories amounted to less _l HE upswing in U.S. exports in the
than 10 million pounds, in contrast first half of 1960 from the cyclical lows
to over 150 million pounds in the first of a year earlier was relatively somethree quarters of 1959. Still, at the what greater than the concurrent rise in
end of the third quarter of 1960 such exports from Japan and the OEEC
inventories were the highest in 3% years. countries (free Europe, excluding FinThe drop in imports of meat and land and Yugoslavia) of Western Eucattle from last year's record rate rope. While this performance lifted
reflected a shift to domestic sources of U.S. foreign sales by midyear to an
supply. In the first 10 months of 1960, annual rate slightly above the peak
the nation's cattle slaughter was up by
nearl}7 one-eighth from a year ago.
December 1960
the lowest since the third quarter of
1957, having fallen by nearly threefifths as compared to the third quarter
of 1959. Beginning in April, monthly
registrations of foreign autos have
without interruption been running
below a year ago. During July-September such registrations were down from
last year by nearly one-fourth. The
volume of imports in the third quarter
was 57,000 below the number of registrations, an indication that nearly half
of the cars sold were being supplied from
inventories rather than from current
imports. While there is apparently
still room for some further reduction in
inventories of foreign cars, the future
course of auto imports will presumably
run more parallel to the trend in registrations than it did in the third quarter.
Comparative Export Trends of Industrial Nations
yearly export total of 1957, the margin
of our current lead over the next
ranking contender as the world's top
exporter was not so wide as it had been
in that earlier year.
Exports from both Japan and the
countries of Western Europe, having
expanded almost continuously since the
early 1950's with only a mild adjustment
in 1958, were at a rate in the first half of
Table 3.—Total Exports of the United States, Japan, and Western Europe
Special situation in sugar
Imports of sugar in the third quarter
dipped about 20 percent below last year.
This decline, an aftermath of the embargo imposed on Cuban sugar early
in July, promises to be shortlived.
Assuming that existing unfilled quotas
and outstanding authorizations for purchases of nonquota sugar will be fully
utilized before they expire at the end of
the year, the volume of sugar imports
during the fourth quarter will be at
least 50 percent greater than that of
October-December 1959. Such a high
rate of arrivals, the bulk of which will
be supplied by countries which previously had only very limited or no
access to the U.S. sugar market, would
boost the volume of imports for the
year to a record or near-record high.
[Seasonally adjusted,1 in millions of dollars]
United
States*
(excluding
military
aid)
1957:
1958:
1959:
1960:
OEEC countries of Western Europe
Japan
Total
United
Kingdom
Germany
France
Italy
Netherlands
BelgiumLuxembourg
Other
1st quarter. _.
2nd quarter _ 3rd quarter.. .
4th quarter. .-
5,083
4,968
4,854
4, 590
652
670
773
763
10, 179
10, 170
10, 296
10, 227
2,385
2,397
2,421
2,376
2,115
2,148
2,178
2,184
1,317
1,305
1,251
1,257
603
636
669
663
774
747
789
789
822
801
780
780
2,163
2,136
2,208
2,178
1st quarter. _.
2nd quarter- .
3rd quarter. _.
4th quarter. --
4,101
4,099
4,102
4,048
711
680
688
797
10, 059
9,819
10. 269
10, 467
2,352
2,205
2,391
2,334
2,181
2,169
2,247
2,262
1, 251
1,209
1,275
1,407
642
654
630
627
789
801
810
828
777
723
771
765
2,067
2,058
2,145
2,244
1st quarter. _ _
2nd quarter..
3rd quarter. __
4th quarter. _.
3,870
3,979
4,347
4,143
729
811
884
1,032
10, 185
10, 641
11, 136
11, 904
2,277
2,418
2,427
2,562
2,322
2,370
2,481
2,631
1,182
1,401
1,470
1,587
675
660
768
792
858
897
885
969
738
801
873
867
2, 133
2,094
2,232
2,496
1st quarter
2nd quarter..
3rd quarter. _
4,601
4,938
5,062
886
958
12, 471
v 12, 200
2,646
2,571
2,850
2,748
1,758
1,629
906
941
984
1,011
930
936
2,397
v 2, 364
v Preliminary.
*Bureau of Census recorded data, after seasonal adjustment (see footnote 1, below).
1. Seasonal adjustments: U.S. exports per U.S. Department of Commerce, Office of Business Economics; OEEC countries exports per OEEC Statistical Bulletins; Japan exports— seasonally adjusted data not available.
Source: U.S. Department of Commerce, Office of Business Economics, based on OEEC and Japan foreign trade data.
December 1960
the current year more than 20 percent,
and nearly 30 percent, respectively,
ahead of their 1957 pace.
European exports pause at midyear
In contrast to the successive gains in
exports scored by the United States
in each of the first three quarters of
1960 from the low 1959 performance,
Western Europe's export expansion
appeared to have been checked, at
least temporarily, in the spring quarter.
Sales to the United States after April
slid below year-earlier levels and exports to the rest of the world were
barely maintained. Japan, on the other
hand, in the second quarter, resumed
the prolonged export rise which had
been briefly interrupted in the preceding quarter; its year-to-year gains in
shipments to the United States, recorded in every month of the JanuaryJune span, were extended into the
summer quarter.
Trends in manufactures
The U.S. share in world exports of
manufactures, 1 calculated at 23 percent
in the April-June quarter, was higher
than in any of the preceding four
quarters and well above the postwar
low of slightly more than 19 percent
recorded for the strike-affected final
quarter of 1959. Japan also upped its
share of this trade in the spring quarter
but virtually all the OEEC industrial
nations, excepting Italy, slipped back
from the quarter before. 2
Here again, however, the long-term
picture is different. Largely because
of circumstances affecting Western
Hemisphere markets where it is the
dominant supplier, the U.S. share in
world exports of manufactured goods,
at 22 percent in the first half of 1960,
has continued well below the 1956-57
average of over 25 percent.
In contrast, German's share of this
trade has risen some 2 points from the
16 percent in 1956 and 5 from the 13
percent in 1953, and Japan's current
1. According to common usage in international trade
analysis, sections 5, 6, 7, and 8 of the Standard International
Trade Classification (excluding U.S. special category exports) encompass the terms "exports of manufactures,"
"finished goods," and similar expressions. This definition
differs in several important respects from the U.S. Census
classification of finished manufactures since it covers numerous goods classified by the Census Bureau as semimanufactures, including base metals beyond the ore and concentrate stage.
2. Board of Trade Journal (London), October 15, 1960.
SURVEY OF CUREENT BUSINESS
share of 6 percent is up by two-thirds
from that of 1953 but only moderately
as compared to 1956. Gains have also
been won by France, Italy, and the
Netherlands among others, as compared
with the mid-fifties. The United Kingdom's current share of about 17 percent,
on the other hand, represents a gradual
decline from the 19 percent registered
in 1956 and the 21 percent in 1953.
The partial restoration of the U.S.
position in world exports of manufactured goods was centered around a
number of the very same commodities
which had figured so prominently in
the 1959 deterioration of our relative
trading position in finished goods, and
which subsequently staged vigorous ralINCREASED EXPORTS OF EIGHT
INDUSTRIALIZED NATIONS
Go Mainly to the 18 OEEC Countries
Billion $
2.0
CHANGES IN U.S. EXPORTS
VA 1st half'58 to 1st half'59
1.5
- To the 18
OEEC
V/^
,
,
[///Si 1st half 59 to 1st half 60
-
Countries
1.0
.5
0
-.5
CHANGES IN EXPORTS OF SEVEN
MAJOR EUROPEAN TRADING NATIONS
-.5
* Six European common market countries
and the United Kingdom.
Basic data: U.S. exports from Bureau of Census;
European exports from OEEC
Statistical Bulletin, Series A
U. S. Department of Commerce, Office of Business Economics
60-12-7
19
lies to rank among the pacesetters of the
1960 export boom. Leading examples of
manufactured exports falling into this
pattern were commercial aircraft, railway equipment, iron and steel, and
copper.
In addition, a favorable influence on
our current relative export position
has been exerted by rising U.S. foreign
sales of aluminum and of specialized
types of industrial machinery, items
which had performed relatively well
last year and had helped limit the
decline in our overall share of world
exports of manufactures in that period.
Trade gains in industrial markets
Currently, Europe has become the
major target for export gains of the
industrialized nations in contrast to a
year ago when the United States was
in that position (see chart). As Western Europe's economic activity boomed
and imports advanced by over one-fifth
in the first half of 1960 over the corresponding period of 1959, the direction
of Europe's export expansion turned
inward, shifting away from the U.S.
market, where import demand was
slackening off, and toward trade within
its own area.
Data available for the major industrial nations of Europe 3 shows that
exports of this group of countries to
each other and to the remaining OEEC
area rose by about a fourth, or around
$2 billion, between the first half of 1959
and the first half of 1960, accounting for
nearly two-thirds of the net gain in
their overall exports to the free world.
In the same period, the rise in exports
to the United States was confined to
less than $100 million.
This movement is in marked contrast
to developments in the first 6 months of
1959 when the sharp upturn in U.S.
imports generated an advance of over
half a billion dollars in the combined
shipments of the Common Market
nations and Britain to this country
over the corresponding period of 1958,
accounting for almost three-fourths of
their $700 million net increase in overall
3. The six Common Market countries plus the United
Kingdom, which together account for three-fourths or more
of the total export trade of all the OEEC countries combined.
Global exports for this group of countries expanded 21 percent
between the first halves of 1959 and 1960, the same rate as was
recorded for all the OEEC countries combined.
SUEVEY OF CUERENT BUSINESS
20
exports to the free world in that period.
The similar concentration of the
United States' recent export expansion
in the direction of Europe has been
discussed earlier. While U.S. dollar
gains from trade with OEEC Europe
in the first half of 1960, at $1 billionplus, were less than half of the absolute
gains recorded by the 18 OEEC countries from exports to each other, the
relative increase of over 50 percent in
our exports to that area was double
that scored by intra-OEEC trade and
more than twice as large as Western
Europe's total import expansion over
the year before.
under one-third that of the United
States and less than one-seventh that of
the United Kingdom, still Australia's
top supplier by a wide margin.
Western Hemisphere steady
December 1960
and purchases of materials and supplies
for our own use. Some of these
expenditures can be expected to decline
further.
Of the $3 billion expenditures in
fiscal year 1960, about $150 million
were made in foreign currencies acquired mainly through sales of agricultural products. These local currency transactions did not, of course,
contribute to the deficit in our balance
of payments. Something over $400
million consisted of expenditures for
defense related activities by agencies
other than the Department of Defense,
and close to $300 million were made
under the military assistance program.
The latter include military assistance
offshore procurement, mutual weapons
development, weapons production,
NATO infrastructure, and various services. Thus, dollar expenditures abroad
from appropriations for military functions of the Department of Defense
were about $2.2 billion.
In neither Canada nor Latin America
did total imports in the first half of
1960 advance by 5 percent above a
year ago. During the April-June
quarter, U.S. shipments to Latin America as a whole moved ahead by some
2 percent over the same period a year
ago, matching the equivalent rise in
that area's total imports from all the
industrial countries combined. If Cuba
U.S. ups share in India, Australia
and Venezuela are omitted from the
The United States became India's calculations—countries where a contop ranking overseas supplier during tinued downtrend in import demand
the course of 1960, pre-empting Britain's due to special economic and political
traditional role for the first time since factors affected the United States
1952. This is a special situation ac- especially unfavorably—our participacounted for by heavy movements of tion in the remaining Latin American
foodgrains and cotton which were sold market actually advanced in the spring
for local currency under the Public Law quarter from 55 to 57 percent, with
480 program. At the same time India's large relative gains scored in Argentina, Defense Expenditures Abroad for Goods and
Services, by Major Category and by Major
tight import restriction policy, aimed at Brazil, and Uruguay.
Country
Canada's global import gains in the
conserving dwindling foreign exchange
[Millions of dollars]
reserves, served to reduce that country's first 5 months of the current year were
Year
Calendar years
aggregate imports from the rest of the less than 4 percent above the correended
sponding period of 1959, with imports
world.
June
1957
1958 1959
30,
Australia's total imports, on the other from the United States increasing in
1960
hand, sparked by a high rate of eco- exactly the same ratio. As Canada's
nomic activity and assisted by a total imports dipped below year-earlier
Total
3,165 3,412 3,090 3,025
succession of import decontrol measures, levels in the following 3 months, pur- Expenditures by troops, civilian
were running at a record pace by mid- chases from the United States slipped
873
personnel, post exchanges, etc._ 845
866
855
1960. As U.S. exports responded to relatively more. In the first 8 months Foreign expenditures for construction
217
318
371
198
the expanding demand, our share in of 1960 the approximate two-thirds Contributions
to the NATO
that market increased from 14 percent U.S. share of the Canadian market,
multilateral construction pro72
gram (infrastructure)
68
65
90
to 17 percent in April-June 1960. was virtually unchanged from a year Other
expenditures for services... 630
758
750
780
procurement under milThis was a greater relative gain than earlier, although the United States' Offshore
itary assistance programs and
that scored by any of Australia's other current contribution to both Canada's
expenditures for mutual weapons development and weapmajor industrial suppliers except Japan, and Latin America's import require212
372
ons production
149
130
whose current share is, nevertheless, ments is less than in 1956 and 1957. Purchases of equipment--- _
49
54
38
38
Balance of Payments
(Continued from p. 10)
liquid funds and therefore reduce the
incentive for business enterprises to invest them abroad. But the whole
interest-rate structure has to be viewed
in relation to the desired-objective of
raising domestic investment and employment as well as in terms of balance
of payments effects.
The solution to our longer range
balance of payments problem lies to a
major degree in a further improvement
in our competitive position in world
trade as it affects both our exports and
imports; it also requires, at least in the
short run, reductions in nontrade expenditures and/or increases in nontrade
receipts. The directive by the President, issued on November 16, 1960,
"concerning steps to be taken with respect to the United States balance of
payments" include—among other meas
ures—actions to reduce our military
expenditures abroad as these constitute
one of the major debit items in the
balance of payments. It seems appropriate, therefore, to bring up-to-date
some detail about these transactions
published in the November 1959 issue
of the SURVEY OF CURRENT BUSINESS.
Review of Defense
Expenditures Abroad
As the two accompanying tables
show, defense expenditures reached a
high of $3.4 billion in 1958 and subsequently have declined to about $3
billion in the year ended June 1960.
The expenditure categories which accounted for most of the decline from the
peak were construction, foreign procurement under the military aid program,
Purchases of other materials and
supplies
._
-_--.
828 1,115
987
964
Bahrein and Saudi Arabia.
Belgium-Luxembourg _ _
Canada
Denmark
_
__
86
30
288
34
92
55
444
40
83
26
428
49
80
26
412
46
France
Germany
Italy-Trieste
Japan.
396
458
163
457
370
660
117
417
303
665
116
381
283
655
112
361
58
48
78
57
88
34
97
53
91
26
57
46
93
27
57
47
68
87
37
488
64
92
45
360
64
71
35
297
62
63
41
298
332
384
352
362
_
_
__
Korea
Morocco .
_
Netherlands Antilles
Philippines
Ryukyu Islands
Spain
Turkey. .__ _ __ . .
United Kingdom
Other countries
._
_.
Source: U.S. Department of Commerce, Office of Business
Economics, from information made available by operating
agencies.
Sales by or through our military
organizations were close to $300 million both in 1958 and 1959, but some
increase over that rate has occurred
recently and can be expected to continue for some time.
BUSINESS STATISTICS
JL HE STATISTICS here are u continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
NovemDecemBUSINESS STATISTICS
October
ber
ber
1960
January
February
March
April
May
June
July
October
August September
November
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT t
Seasonally adjusted quarterly totals at annual rates: f
National income, total
bil of dol
Compensation of employees, total."
"Wages and salaries, total
Private
Military .
Government civilian
Supplements to wages and salaries _
do
-do
- -do
do___
do
do__
402 8
414 4
419 4
419 3
281.6
261.5
215 6
290.2
268.7
222 1
297.2
274 9
226 0
10 1
38 8
22 3
36 1
20.1
36 7
21.5
9.9
295.0
273 1
225 5
10 0
37 6
21 9
Proprietors' income, totaled
do
Business and professional cf
do
Farm
_.
do
Rental income of persons
- - -do
Corporate profits and inventory valuation adjustment, total
.- -- -_-bil. of dol_Corporate profits before tax, total
do__
Corporate profits tax liability
do _
Corporate profits after tax _
do
Inventory valuation adjustment
do
46.3
35.1
11.2
12 5
46.0
35.4
10.6
12 5
48 1
36.0
12 1
12 5
48 3
36.1
12 2
12 5
45.5
44.8
22.1
22.7
48.0
48.8
23.8
25.0
.7
3
7
3
4
42 2
41.5
20 3
21 3
-.8
45
45
22
23
—.4
.7
Net interest _ _
16.9
17.8
18 5
19 1
._
do__
Gross national product, total.
9.8
do
486.4
501.3
505 0
503 5
Personal consumption expenditures, total
Durable goods
Nondurable goods...
Services
do
do
do
do
319.6
43.5
149.6
126.6
323.3
44.2
150.5
128 6
329.0
44 5
153 5
130 9
328.3
42 7
152 7
132 9
Gross private domestic investment, total
New construction
Producers' durable equipment
C hange in business inventories
do_ __
do
do
do _ _ _
70.8
39.4
26.8
79.3
40 8
27.1
11 4
75
40
29
5
5
7
5
3
70 8
40 5
29 7
Net exports of goods and services
do
Exports.. _
do__ .
Imports
do
Government purchases of goods and services, total
bil. of dol..
Federal (less Government sales)
do
National defense 9do
State and local
do
-.4
Personal income, total
Less: Personal tax and nontax payments
Equals: Disposable personal income
do
do
do ...
Personal saving§
do
4.7
g
23.5
23.9
25 2
23.9
1.2
20
26 4
24 4
37
27 3
23 5
96.4
52.5
45.5
43.9
97.5
51.8
44.9
45.7
98 6
51.7
44 7
46 9
100 7
52 7
45 1
48 0
389.0
46.5
342.4
396.2
49.2
347.0
404 2
50.0
354.1
408 0
50 5
357 5
22.8
23.7
25 2
29 2
429.1
440.5
442.2
438.0
292.8
41.1
140.5
111.2
294.8
41.8
141.1
112.0
298 3
41 9
143.2
113 3
296 9
40 2
142.3
114 4
59.4
33.4
22.2
66.2
34.0
22.4
62.8
33.8
24 2
58 6
33 6
24 4
GNP in constant (1954) dollars
Gross national product, total
bil. of dol_.
Personal consumption expenditures, total _ do
Durable goods
do
Nondurable goods
do
Services
do__
Gross private domestic investment, total
New construction
_
Producers' durable equipment
Change in business inventories
do
do
do._.
do
Net exports of goods and services
do
Government purchases of goods and services, total
bil. of dol. Federal
do
State and local
do
3.8
-1.5
9.8
-.1
4.8
6
.7
22
78.5
42.3
36.2
79.6
80 3
80 3
41.8
41 8
41 2
37.8
38.6
39.1
r
Revised.
tRevised series. Estimates of national income and product and personal income have been revised back to 1957; revisions prior to the 2d quarter 1959 (and prior to May
1959 for personal income) appear on pp. 8 ff. of the July 1960 SURVEY.
concludes inventory valuation adjustment.
9 Government sales are not deducted
^Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
S-l
SURVEY OF CURRENT BUSINESS
S-2
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
NovemDecemOctober
BUSINESS STATISTICS
ber
ber
December 1960
1960
January
February
March
April
May
June
July
August
Septem- October November
ber
GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE*
Seasonally adjusted, at annual rates: J
Total personal income
bil. of dol
Wage and salary disbursements, total
do _ _
Commodity-producing industries, total
do
Manufacturing only
do
Distributive industries
do ._
Service industries
do
Government
do
Other labor income
do _
Proprietors' income:
Business and professional
_ do_ __
Farm
- - --do. _.
Rental income of persons
do
Dividends
do
Personal interest income
do
Transfer payments
_ _ _ do
Less personal contributions for social insur do
Total nonagricultural income
do
384.3
388.7
393.9
395.7
395.7
397.0
401.9
404.7
406.1
407.3
408.2
408.8
' 409. 5
409.5
258.6
260.8
265.0
268.2
268.6
269.3
273.6
274.0
275.1
111.5
87.7
72.9
41.6
49.0
11.2
275.0
112.9
89.2
72.2
41.1
47 8
11.0
275.1
112.8
88.7
72.4
41.3
48 5
11. 1
' 274. 8
111.6
88.8
70.8
40.0
46.9
10.8
271.7
112.1
88.6
71.8
40.5
47.3
10.8
111.2
87.5
72.7
41.9
49.2
11.2
'110.9
42.0
'49.4
11.3
274.4
110.1
86.5
72.6
42.2
49.5
11.3
107.0
84.5
69.1
38.8
46.0
10.5
110.4
87.6
69.4
39.1
46.1
10.5
35.0
10.1
35.1
11.2
12.5
13.8
24.2
27.4
7.9
370. 3
105.6
83.5
68.8
38.5
45.7
10.4
112.6
89.4
69.9
39.4
46.3
10.6
111.9
89.0
70.3
39.8
46.5
10.7
35.2
12.3
35.5
11.3
35.5
10.4
35.4
10.1
35.7
11.7
36.0
12.1
36.2
12.5
36.2
12.0
36.1
12.2
36.1
12.2
'36.1
'12.4
36.0
12.4
12.5
13.8
24.5
28.2
7.9
12.5
13.6
24.8
27.9
8.0
12.5
13.9
25.2
27.7
9.2
12.5
13.9
25.5
27.7
9.1
12.5
13.9
25.9
28.3
9.2
12.5
13.9
26.2
28.6
9.2
12.5
13.9
26.5
28.4
9 3
12.5
13.9
26 8
28.5
9 3
12 5
13.9
27 1
28.7
9 3
12 5
14.0
27.4
29.1
9.4
12.5
14.0
27.5
29.7
9.3
12.5
'14. 1
27.6
30.0
9.3
12.5
14.1
27.6
30.4
9 2
373.5
377.4
380.2
381.2
382.7
385. 9
388.3
389. 3
391.1
391.8
392.4
' 393. 0
393.0
i ' 9. 59
2
113.3
89.5
72.0
40.7
47.6
10.9
'87.2
r72.5
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries
bil of dol
Durable goods industries
Nondurable goods industries
do
do
Mining
Railroads
Transportation other than rail
Public utilities
do
do
do
do
Seasonally adjusted quarterly totals at annual rates:
All industries
bil of dol
8.99
7.89
9 28
'8.98
3.57
1.74
1.83
3.09
1.55
1.54
3 76
1 88
1 88
'3.62
'1.80
1.81
' 3 98
' 1 97
'2.01
3 14
1 53
1 61
.27
.22
.55
1.51
2.87
.22
.25
.47
1.18
2.68
27
29
55
1 42
2 99
'.25
'.24
'.47
' 1.50
' 2 91
'.26
' 24
' .46
' 1 64
22
16
38
7 84
r 3 01
1 18
2 76
2 34 9
33.60
35.15
36 30
' 35. 90 i '35 6
Manufacturing
Durable goods industries
Nondurable goods industries
do
do
do
12.85
6.15
6.70
14.10
7.15
6.95
14 70
7 40
7 30
' 14. 65
7.35
7.30
' 14 3
'6 9
' 7 4
14 3
71
7 2
Mining
Railroads
Transportation other than rail
Public utilities
do
do
do
do
1.05
.85
2.15
5.50
11.20
1.00
1.00
2.00
5.75
11.35
1 05
1 10
2 15
5 70
11 60
1.00
' 1 0
1.00
10
1 90
'18
5.60
'5 9
' 11 75 r 11 7
10
7
16
57
11 7
FARM INCOME AND MARKETINGS^1
Cash receipts from farming, including Government
payments total
mil of dol
Farm marketings and CCC loans, total. - .__ do. _
Crops
- - - - do
Livestock and products, total 9
do
Dairy products
- - do
Meat animals
do
Poultry and eggs
- - do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49=100..
Crops
-
-
do
_
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
- _ .-1947-49=100-Crops
- do_ _ _
Livestock and products
do__
4,048
3,669
3, 046
2,747
2,093
2,169
2,211
2,316
2,509
2 754
3 023
3,390
4 300
3,898
3,528
2,993
2,696
2,059
689
1,370
368
776
200
2,150
583
1,567
406
906
236
2,199
675
1,524
399
824
268
2,298
2,464
2,687
1,236
1,451
399
779
256
2,991
1,413
1, 578
384
911
268
3,368
4,000
1, 535
1,458
388
793
256
1,246
1,450
381
834
208
145
180
117
123
143
106
111
116
106
85
64
101
88
54
115
90
63
112
94
63
119
101
84
114
••110
'115
106
123
132
116
138
161
120
164
202
134
169
204
144
142
156
132
131
134
128
100
74
120
98
53
131
98
59
128
104
58
138
116
90
135
128
132
126
143
149
138
157
177
142
189
233
155
2, 099
1, 799
390
1, 120
273
1,928
1,600
375
944
268
160
196
132
187
228
156
672
1, 626
431
894
265
905
1,559
413
875
246
1,730
1,638
378
955
290
2,170
1 830
394
1 077
335
INDUSTRIAL PRODUCTION t
Revised Federal Reserve Index of Quantity Output
Unadjusted, total index (including utilities) t
1957=100.By industry:
Manufacturing, total
do
Durable manufactures
_ __
do
Nondurable manufactures
do__ .
Mining
do
Utilities
do
By market grouping:
Final products, total
Consumer goods
- _
Automotive and home goods _ _
Apparel and staples _
Equipment, including defense _ _
_
do
do
do
do
do
105
104
107
111
111
111
110
109
109
103
107
108
' 109
P106
106
98
117
92
104
97
113
96
107
107
107
98
111
111
111
97
112
112
112
96
111
110
113
95
110
108
114
97
110
107
115
97
110
106
116
98
103
99
109
94
r 106
98
117
98
108
102
117
'98
110
104
118
' 97
P 106
P 101
p 113
P 95
112
117
121
116
101
106
109
101
112
100
106
108
111
108
103
111
115
124
112
104
112
115
126
112
104
112
114
122
112
106
111
115
120
113
104
111
115
120
113
105
112
116
121
115
104
107
110
104
112
102
111
115
99
121
101
112
117
' 110
119
102
114
120
' 122
r 120
r 101
P
p
P
•p
P
no
H4
115
n4
102
Materials
.
do
99
102
108
P 103
110
110
111
108
109
105
107
100
104
' 105
r 99
P 96
90
Durable goods materials
do
94
107
106
108
110
96
105
110
100
97
104
Nondurable materials .
do
109
109
111
112
108
110
r 112
v 109
111
104
'110
111
112
111
' Revised.
p Preliminary.
i Estimates for October-December 1960 based on anticipated capital expenditures of business.
2 Estimates for January-March 1961 based on anticipated
capital expenditures of business. Anticipated expenditures for the year 1960, and comparative data for 1958-59, appear on p. 5 of this issue of the SURVEY.
JSee note marked "t" on page S-l.
cf Revised beginning 1958; revisions prior to May 1959 will be shown later.
9 Includes data not shown separately.
fRevised series. For figures back to January 1955 for total and summary groups (seasonally adjusted), seep. 6 of the January 1960 SURVEY; for other information and earlier figures back
to 1947 (1919 for total industrial production, including utilities), see the December 1959 Federal Reserve Bulletin and the separate Federal Reserve publication, "Industrial Production: 1959
Revision" (available from the Board of Governors of the Federal Reserve System).
SUEVEY OF CURRENT BUSINESS
December 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
DecemOctober NovemBUSINESS STATISTICS
ber
ber
S-3
1960
January
February
March
April
May
June
July
Octobe r NovemAugust September
ber
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Reserve Index of Quantity Output— Con.
Seasonally adjusted, total index (including utilities) t
1957=100..
By industry:
Manufacturing, total
do_ __
102
103
109
111
110
109
109
110
109
110
102
102
109
112
110
110
109
110
110
110
r
108
107
107
"105
108
107
' 106
P 105
' 101
' 78
' 73
'106
p99
Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts
__do
do
__do
do
do
96
44
31
99
92
96
79
76
95
91
107
114
119
105
100
111
115
119
109
104
109
110
114
108
104
108
106
109
107
102
106
99
100
104
101
107
94
92
108
104
105
88
84
108
106
106
85
80
109
107
104
83
76
108
107
102
80
72
106
105
Machinery
Nonelectrical machinery
Electrical machinery
- -.do _
do
- __do
107
103
108
103
115
110
104
118
108
103
115
108
104
115
107
102
114
109
104
115
109
105
114
110
107
114
107
103
113
' 105
m
104
102
108
98
104
91
79
63
91
93
94
90
108
127
88
107
126
88
104
118
89
102
115
89
106
120
92
102
120
84
102
113
90
101
102
r 114
'115
88
89
90
P gg
P 104
P 91
do _
do
_do
do
-do
118
111
111
116
111
119
110
112
118
111
120
111
115
120
111
118
110
115
121
112
117
110
115
119
111
119
106
110
116
114
117
110
114
122
113
120
111
110
124
115
121
114
109
123
117
121
114
111
124
117
122
112
102
121
115
r
118
109
' 103
' 118
' 109
P 118
P 107
100
117
112
p 117
P 112
do
do
do
do
do
111
111
122
104
114
111
111
125
104
109
112
111
126
105
113
113
112
124
106
115
112
111
122
98
113
112
111
124
99
112
113
110
127
99
113
115
113
127
104
113
116
115
127
104
112
116
113
128
103
112
115
_ __do __
do
_ _.do _
do. __
do
107
105
117
122
106
108
104
117
123
105
109
107
118
124
102
109
106
119
125
104
109
105
118
124
102
108
104
119
126
103
109
106
122
126
107
111
108
123
128
107
112
109
125
132
111
112
108
125
131
115
do
do
__do
do
- do
115
106
105
108
114
113
107
107
105
111
116
107
108
104
115
118
109
109
109
114
117
107
107
106
108
115
108
108
106
113
115
108
108
106
116
117
109
109
111
115
122
109
109
110
115
117
110
109
111
111
115
109
109
109
114
do
do
do
do
do
do
91
76
99
98
42
108
96
87
100
99
68
110
98
94
100
98
80
113
98
91
99
98
87
108
96
84
97
97
95
106
'96
86
96
96
104
101
98
87
97
97
106
115
97
86
96
96
103
114
97
78
99
99
97
116
98
78
100
100
94
118
do
do
do
117
118
113
118
118
117
120
119
122
120
119
124
121
120
125
124
123
126
123
122
125
122
121
125
124
123
124
do
do
do
109
112
114
106
109
100
109
113
114
112
116
125
110
113
119
110
113
114
111
115
117
112
117
121
do
do
__do
105
98
117
73
48
111
99
87
117
127
134
117
122
125
117
114
113
116
117
116
119
do
do _.
do
121
124
120
121
126
120
124
133
122
123
130
122
117
117
118
114
112
114
Apparel and staples
do
Apparel, incl knit goods and shoes
do. __
Consumer staples 9
do
Processed foods
...do
111
118
109
104
112
119
110
107
112
120
110
107
113
118
112
109
112
116
110
107
Beverages and tobacco
do
Druss, soap, and toiletries
... do
Newspapers, magazines, and books._do_ _
Consumer fuel and lighting
do
110
114
108
114
107
114
109
116
107
114
109
116
111
115
110
117
Equipment, including defense 9
do
Business equipment
do
Industrial equipment .
__ __ _do
Commercial equipment
do __
Freight and passenger equipment
do. __
Farm equipment
__do
103
104
101
111
97
112
101
102
102
112
93
106
102
104
104
113
96
105
do
do
do
do _.
do
97
88
95
103
102
100
93
76
102
101
do
do
do
do
107
107
106
107
108
109
107
110
Transportation equipment 9
Motor vehicles and parts _
Aircraft and other equipment
--
Instruments and related products
Clay glass and ^tone products
Lumber and products
Furniture and
fixtures
__
Miscellaneous manufactures
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
_
Hubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
'113
'107
127
103
112
122
97
112
113
104
122
113
108
124
' 112
113
108
121
p 114
' 109
P 107
111
131
112
107
' 121
T
127
111
p 112
112
111
96
77
'99
'99
'92
114
96
80
'98
'97
86
116
125
124
126
126
' 127
126
v 127
112
117
121
112
116
116
111
115
115
110
113
110
121
122
119
121
123
118
114
108
122
115
114
118
117
115
121
121
120
123
120
118
122
117
113
118
114
108
119
r 105
113
118
112
108
114
120
113
108
115
122
113
109
115
121
114
110
116
121
115
110
115
119
114
106
114
109
117
108
115
110
119
110
118
112
120
112
120
113
118
112
122
113
120
111
122
116
122
111
120
115
123
' 116
103
106
104
114
106
109
102
105
104
113
103
97
104
105
104
115
102
93
102
104
102
115
101
89
104
106
104
117
105
89
103
105
103
120
99
89
104
106
104
121
101
88
103
105
103
121
95
83
103
105
101
120
101
87
109
107
107
106
107
110
110
121
107
109
109
109
120
107
108
108
107
117
106
105
108
105
no
106
102
115
98
110
106
101
110
102
110
105
100
106
101
109
r H2
104
109
107
105
115
104
110
111
112
113
111
110
111
111
111
110
110
111
109
110
109
109
109
110
109
108
110
110
110
107
112
111
111
108
113
112
113
113
113
111
111
111
112
109
110
108
111
do
104
98
101
104
103
103
do
95
97
99
96
98
96
_ _do_ _
113
114
119
118
121
117
fSee corresponding note on p. 8-2.
9 Includes data not shown separately.
103
97
120
102
96
120
103
96
121
103
97
120
104
98
122
' 103
-
Automotive products _
_
AiUtos
Auto parts and allied products _
Home goods 9
Appliances, TV, and radios
Furniture and rugs _
r
118
109
98
80
100
100
96
116
By market grouping:
Final products, total
_
Consumer °"oods
Automotive and home goods
Business fuel and power 9
Mineral fuels
_
Nonresidential utilities
«• Revised.
v Preliminary.
r
r
104
' 119
P 102
P 98
P 107
110
110
Utilities
Electric
Gas
Nondurable materials 9
Business supplies
Containers
General business supplies
r
103
100
' 107
'110
Mining
_
Coal
Crude oil and natural gas
Crude oil
__
Metal mining
Stone and earth minerals
Materials
Durable goods materials 9
Consumer durable.
_
Equipment.
Construction
do _ _
do __
do
101
112
104
P 76
P 71
P 102
P 101
__ __
r
110
109
110
114
127
' 110
' 110
T 114
' 114
115
' 116
' 121
114
119
r
r
r 123
p96
P ye
p99
•P 99
111
109
113
118
112
119
110
102
115
114
113
114
114
114
p 114
r H4
P 114
110
109
112
119
120
116
123
104
99
T 97
106
r 95
123
103
r 104
v 103
P 105
99
121
103
86
103
' 97
P 101
P 95
102
98
106
r 109
P log
110
107
111
101
95
P 102
p 9Q
SURVEY OF CURRENT BUSINESS
S-4
December 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemOctober November
ber
January
February
March
April
May
June
July
August SeptemOctober N ovember
ber
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES§
Mfg. and trade sales (seas, adj.), total
bil. of dol_.
59.7
59.1
60.9
61.6
62.2
61.3
62.6
61.9
61.8
60.9
60.7
'60.3
60.2
Manufacturing total
Durable goods industries
Nondurable goods industries
Wholesale trade total
Durable goods establishments
Nondurable goods establishments
Retail trade total
Durable goods stores
Nondurable goods stores
Manufacturing and trade inventories, book
of month (seas adj ) total
do
- do
- --do
do
do
do
- __do
- -do
- -do
value, end
bil. of dol_
29.4
14.0
15.3
12.0
4.4
7.5
18.3
6.4
12.0
29.0
13.5
15.5
12.3
4.6
7.7
17.8
5.7
12.2
30.8
15.0
15.8
12.7
4.7
7.9
17.5
5.3
12.2
31.1
15.4
15.7
12.4
4.7
7.7
118.1
5.9
12.2
31.6
15.7
15.9
12.5
4.7
7.8
18.1
6.0
12.1
30.8
15.2
15.7
12.2
4.5
7.8
18.2
5.9
12.3
31.0
15.0
16.0
12.6
4.7
7.9
18.9
6.3
12.6
31.0
15.1
15.9
30.8
14.9
15.9
12.5
4.5
8.0
18.5
6.0
12.5
30.1
14.4
15.7
12.3
4.5
7.9
18.2
5.8
12.4
'30.1
'14.4
'15.7
12.2
'4.3
7.8
18.1
5.8
12.3
29.6
14.1
15.5
12.4
4.5
7.9
18.5
6.1
12.4
30.4
14.7
15.7
12.3
4.4
7.9
18.1
5.7
12.4
88.8
88.4
89.4
90.5
91.4
92.3
92.6
93.2
93.5
93.4
93.3
'93.1
92.7
do __
do
do
51.5
29.2
22.3
51.6
29.3
22.3
52.4
30.1
22.3
53. 3
30.8
22.5
53.9
31.3
22.6
54.3
31.8
22.6
54.7
31.9
22.7
55.0
32.1
22.9
55.1
32.2
22.9
54.9
32.0
22.9
55.0
32.1
22.9
'54.7
'31.8
'22.9
54.3
31.4
22.9
12.5
6.5
6.1
24.7
11.6
13.1
12.6
6.5
6.1
24.2
11.0
13.2
12.6
6.6
6.1
24.3
11.0
13.3
12.7
6.6
6. 1
24.5
11.3
13.2
12.7
6.7
6.1
24.8
11.6
13.2
12.8
6.8
6.1
25. 1
11.6
13.5
12.9
6.8
6.1
25.0
J1.6
13.3
13.1
6.9
6.2
25.2
11.8
13.4
13.0
6.9
6.1
25. 3
11.8
13.5
13.0
7.0
6.1
25.4
11.9
13.5
13.1
7.0
6.1
25.2
'11.7
13.6
13.1
6.9
6.2
25.3
11.7
13.6
13.2
6.9
6. 3
25.2
11.8
13.4
30, 849
28, 530
30, 630
29, 740
30, 290
32, 470
30, 820
30, 840
31, 560
27, 890
30, 750
r
31, 100
31, 120
do
do
- do
do __
do
do
14, 528
1, 2G9
467
1,800
4,822
2,079
13, 305
1, 907
1,147
1,527
4,521
1,973
15, 240
2,700
1,890
1,620
4,870
2,080
14, 720
2,670
1, 850
1,540
4,400
1,850
15, 110
2,540
1,670
1,570
4,690
1,890
16, 080
2,690
1,750
1,700
5,070
2, 050
15, 150
2,310
1,470
1,680
4,830
1,880
15, 230
2,250
1,400
1,730
4,790
1,880
15, 610
2,190
1,340
1,810
5,030
2,040
13, 050
1,780
1,100
1,630
4, 250
1,700
14, 090
1,970
1,180
1,890
4,640
1,970
' 14, 580 14, 800
'1,960
1,910
'1,160
1,140
' 1, 830 1,680
' 4, 870
4,800
'2,110
2,130
Transportation equipment
_
do
M^otor vehicles and parts
do
Lumber and furniture
do
Stone clay and glass
do
Nondurable goods industries, total 9
do
Food and beverage
do
Tobacco
do
Textile
do
Paper
do
Chemical
do
Petroleum and coal
do
Rubber
- do
Sales value (seas adj ) total
do
Durable goods industries total 9
do __
Primarv metal
do
Iron and steel
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 ^lass
do
Nondurable goods industries total 9 -do
Food and beverage
do
Tobacco
do _
Textile
do
Paper
do
Chemical
- - - do
Petroleum and coal
do
Rubber
do
Inventories, end of month:
3,570
2,207
1,034
782
16, 321
4,950
409
1,346
1,086
2,339
3,037
569
29, 384
14, 047
1,186
438
1,631
4, 666
1,911
3,778
2,415
952
704
15, 337
4,609
399
1,197
1,006
2,219
3,037
555
2,701
1,373
897
652
15, 225
4,585
441
1,256
974
2,120
3,103
439
28, 972
13, 479
1,956
1,182
1,623
4,717
1,956
2,514
1,167
922
662
15, 493
4,643
443
1,209
994
2,236
3,183
482
3,480
2,010
840
650
15,390
4,590
420
1,220
990
2,180
3,350
480
30, 790
15,010
2,800
1,980
1,760
4,720
1,950
2,970
1,590
910
730
15, 780
4,700
410
1,260
1,060
2,380
3,100
500
3,670
2,450
810
620
15,010
4,440
350
1, 200
990
2,200
3,200
520
31,110
15, 450
2,730
1,900
1,700
4,800
2,020
3,470
2,130
870
750
15, 660
4,780
400
1,260
1,010
2,260
3,080
530
3,760
2, 440
850
6-10
15, 180
4,430
370
1.230
1,010
2.220
3,070
520
31, 580
15. 670
2,690
1,800
1.720
4,840
1,990
3, 570
2,220
920
770
15, 900
4,720
430
1,260
1,070
2,380
3, 130
570
3,860
2,480
910
690
16, 390
4,820
400
1, 260
1,100
2,430
3,290
520
30, 840
15, 170
2, 540
1,660
1,690
4,750
1,990
3,460
2,110
880
700
15, 670
4,710
420
1,200
1,050
2,300
3,160
510
3,570
2,260
900
740
15, 670
4,540
370
1,180
1,040
2,450
3,130
540
31, 030
15, 000
2,310
1,470
1,690
4,830
2,010
3,360
2,040
930
750
16, 020
4,720
390
1,260
1,030
2,380
3,260
530
3, 640
2,310
920
790
15, 600
4,650
420
1,190
1, 050
2,470
3,020
550
30, 990
15, 060
2,240
1,400
1, 750
4,780
1,940
3,490
2,210
940
750
15, 920
4,630
400
1,290
1,040
2,350
3,180
550
3,660
2,260
950
820
15, 950
4,800
430
1,250
1,070
2,390
3,150
560
30, 780
14, 880
2,010
1,180
1,760
4,740
1,950
3,600
2,290
910
760
15, 890
4,630
400
1,270
1,050
2,350
3,180
520
2,910
1,730
770
730
14, 840
4,570
390
1,050
980
2,100
3,110
480
30, 440
14, 730
2,110
1,300
1,730
4,770
1,940
3,410
2,140
870
750
15,720
4,630
380
1,230
1,080
2,300
3,190
480
2,620
1,460
970
830
16, 670
4,880
450
1,300
1,150
2,400
3,260
510
30, 150
14, 420
1,980
1,180
1,700
4,700
1,930
3,350
2,150
870
730
15, 720
4,660
410
1,200
1,090
2,330
3,170
480
' 3, 040
3,600
' 1, 740
2,370
'900
860
'800
780
' 16, 520 16, 320
'5,010
4,960
'410
400
' 1, 290
1,270
1,130
1,110
' 2, 450
2,350
' 3, 160
3,140
500
530
' 30, 070
29, 640
' 14, 400 14, 140
1,920
1,790
1,140
1,060
' 1, 650
1,530
' 4, 640
4,620
' 1, 920
1,960
' 3, 570 3,660
' 2, 280
2,470
'810
780
'730
700
' 15, 670 15, 490
' 4, 690
4,700
390
390
' 1, 200
1,140
1,090
1,050
' 2, 300
2,250
' 3, 200 3,210
510
490
51, 434
29, 224
3,981
2,288
2,854
9,700
3,624
7,062
2,907
1,819
1,257
51, 782
29, 431
4.116
2,411
2,860
9,703
3,626
7,114
2,997
1,834
1,296
52, 880
30, 260
4,310
2,580
2,960
9,880
3,690
7,380
3,200
1,860
1,340
53, 660
30, 860
4,300
2,560
3,070
10, 140
3,760
7,520
3,270
1,890
1,380
54, 200
31, 450
4, 350
2,540
3,230
10, 360
3,870
7,620
3,350
1,880
1,420
54, 700
32, 060
4,400
2,540
3,370
10, 570
3,940
7,720
3, 370
1,890
1,480
54, 770
32, 140
4,450
2,580
3,420
10, 660
4,000
7,590
3,270
1,880
1,480
54, 970
32, 250
4,540
2, 670
3, 460
10, 760
4,090
7,420
3,170
1,880
1,480
54, 880
32, 180
4,580
2,710
3,460
10, 720
4,120
7,280
3,100
1,920
1,460
54, 400
31, 750
4,640
2,760
3,390
10, 560
4,060
7,050
3,010
1,930
1,440
54, 480
31, 730
4,710
2,820
3,310
10, 480
4,040
7,160
3,120
1,940
1,400
' 54, 260 54, 250
' 31, 570 31, 420
' 4, 700
4,710
' 2, 830 2,840
' 3, 190
3,110
' 10, 400
10, 370
' 4, 040
4,030
' 7, 260
7,280
' 3, 320
3,280
' 1, 900
1,910
' 1, 400
1,380
8.2
11.9
9.1
22, 210
5,021
1,926
2,431
1,444
3,944
3,443
1,087
8.3
11.8
9.3
22, 351
5,098
1,923
2,451
1,466
4,000
3,398
1,114
8.5
12.1
9.6
22, 610
5,010
2,040
2,510
1,510
4,080
3,360
1,160
8.5
12.4
10.0
22, 810
4,940
2,100
2,600
1,530
4,090
3,340
1,170
8.6
12.5
10.4
22, 750
4,850
2,060
2,670
1,560
4,140
3,270
1,180
8.6
12.7
10.8
22, 640
4,710
2,020
2,730
1,580
4,160
3,220
1,210
8.5
12.7
10.9
22, 640
4,670
1,990
2,760
1,590
4,140
3,220
1,220
8.5
12.7
11.1
22, 720
4,690
1,940
2,780
1, 600
4,080
3,270
1, 210
8.6
12.6
11.0
22, 700
4,660
1,870
2,750
1,600
4,110
3,280
1,200
8.6
12.3
10.8
22, 660
4,720
1,830
2,720
1,610
4,100
3,320
1,180
'8.5
8.6
8.5
12.5
12.4
12.5
10.5
10 5
10.6
22, 750 ' 22, 690 22, 830
4,930 ' 5, 060
5, 190
2,030
1,850
' 1, 930
2,660 ' 2, 570 2,570
1,600
1,620
1,600
4,030
4,100 ' 4, 030
3,350 ' 3, 390 3,400
1,140
1,180 ' 1, 160
IVIanufacturing total
Durable goods industries
Nondurable goods industries
Wholesale trade total
do
Durable goods establishments
do
Nondurable goods establishments
do __
Retail trade total
_
do_ __
Durable goods stores
do
Nondurable goods stores
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales, value (unadjusted), total
mil. of dol__
Durable goods industries, total 9
Primarv metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
-
Durable goods industries, total 9
Primary metal
Fabricated metal
Machinery (including electrical)
do
do
do
do
Transportation equipmentdo
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:
12.1
4.3
7.8
18.5
6.1
12.4
8.8
8.8
8.7
8.9
9.0
9.2
9.1
8.9
9.2
9.3
9.3
9.0
8.8
3.2
3.1
3.2
3.0
3.2
3.2
3.1
3.1
3.1
3.0
3.0
3.0
3.1
Goods in process
_-do
10.9
10.6
11.0
10.8
10.6
10.4
10.4
10.7
10.4
10.5
10.4
10.4
10.3
Finished goods
do
§1''he term ' 'business' ' here inc udes only manufac turinp; anc1 trade. 1Business i]nventori&> as shown
' Revised.
i Beginning January 1960, data for Alaska anc Hawaii £ re includ Bd.
Unadjust ed data fc>r manufa cturing ar e shown 1)elow; tho se for reta il and wh olesale tra de on pp. S-9, S-10, and S-ll.
on p. S-l cover data for all types of producers, both far m and noiif arm.
9 Includes data not shown separately.
SUKVEY OF CUEKENT BUSINESS
December 1960
S-5
1959
UnSess otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemOctober November
ber
January
February
March
April
May
June
July
August
Septem- October November
ber
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURFPS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month— Continued
Book value f^eas a d ' ) total
_
r
__mil. of doL.
51,515
51, 625
52, 430
53, 310
53, 900
54, 340
54, 660
54, 950
55, 100
54, 900
54, 980
do _
do
do - _
do
do_ _
_ _ do
29, 249
3, 870
2, 1 58
2,912
9, 807
3,655
29, 347
3, 986
2. 253
2,918
9, 731
3, 639
30, 080
4,120
2. 390
3, 050
9,920
3, 730
30, 760
4, 200
2, 460
3,130
10.180
3, 820
31, 260
4,320
2, 540
3,230
10.320
3, 900
31,770
4, 450
2, 610
3, 330
10, 480
3,940
31,920
4, 630
2,770
3, 320
10, 530
3, 960
32, 070
4, 700
2, 840
3, 350
10, 000
4,000
32, 230
4, 800
2, 950
3, 340
10, 640
4, 040
32, 050
4, 750
2, 870
3, 330
10,580
4, 040
32, 080 '31,840
31,450
4,710 ' 4, 640 4, 570
2,820 rr 2, 740
2, 680
3,340
3, 270
3,180
10, 590 r r10, 530 1 0, 480
4,080
4, 070
4, OGO
do
do
-- do _
do
6,887
2, 745
1, 855
1 , 320
6,928
2,811
1, 861
1,336
7,180
3, 040
1,870
1,360
7, 380
3, 100
1,910
1,370
7, 530
3, 190
1,870
1,380
7, 640
3, 260
1,860
1, 420
7. 580
3, 260
1, 850
1, 420
7, 520
3, 200
1,850
1,430
7, 460
3,280
1,890
1,440
7, 340
3, 280
1,900
1,440
7, 360
3, 300
1, 920
1, 440
bil. of doL,
_ __ _ do
-- -- -- do ._
8.0
11.8
9.4
8.1
11.8
9.4
8.3
12.1
9.7
8.6
12.3
9.9
8.7
12.5
10.1
8.8
12. 7
10.4
8.8
12.6
10.5
8.8
12.7
10. 6
8.7
12.8
10.7
8.6
12.6
10.8
8.6
12.6
10.9
Nondurable goods industries, total 9 --mil- of doL.
22, 266
DrrnmV roods industries, total 9
Primary metal
Iron rind steel
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment
IV" o tor veh'cV^ and parts
Lumber nnd furniture
Stone cl'w and glass
By stages of fabrication:
Purchased materials
Ocods in process
Finished °'oods
-
54, 710
r
r
54, 310
7, 240
3. 320
7, 100
3,110
r 1,910
r 1, 400
1,9."0
••8.4
»• 12. 4
11.0
8 ?
12.2
11.0
22, 900 * 22, 870
22, 800
1, 460
22, 278
22, 340
22, 550
22, 640
22, 570
22, 730
22, 880
22, 870
22, 850
810
955
536
481
037
295
115
4,814
1, 942
2, 542
1,496
4, 041
3, 283
1,120
4. 790
1,980
2, 530
1,510
4, 03(
3, 32f
1, 14(
4,810
1,980
2, 580
1, 530
4, 030
3,410
1,140
4, 820
1 , 950
2 650
1, 540
4, 050
3, 400
1,140
4, 820
1, 950
2, 670
1, 540
4, 060
3, 330
1, 160
4, 850
1,950
2. 720
1, 550
4, 080
3, 350
1, 190
5, 000
1,900
2,710
1, 580
4, 080
3, 310
1,180
4, 990
1 , 950
2, 700
1,590
4,110
3, 300
1,200
4, 940
1,940
2, 690
1,610
4,140
3, 290
1,230
4. 950
1,940
2, 670
1, 630
4,180
3,290
1,240
r 4 QSO
r 2, 000
4,1 no
4 970
2, 040
2 090
1 , 040
4, 130
3 200
3 ofjfl
r 1, 200
1,100
-bil. of tlol ..
do
do
9.0
3.1
10. 2
8.9
3. 1
10.3
8.<
3. (
10.4
9.0
3.0
10.5
9.1
3.0
10.5
9.1
3. 0
10.5
9.1
3.1
10.5
9.1
3.1
10.6
9.1
3.1
10.6
9.1
3.2
10.6
9.0
3.2
10.7
8.9
3.1
10.9
8.8
3.1
11.0
New orders net (unadjusted) , total.
mil. of dol__
31,258
28 559
30,610
29,100
29, 650
31, 750
29, 700
30, 210
31, 480
27, 910
30, 560 '"31,050
30,190
Durable goods industries, total 9
Primary metal
Iron and s^eel
-
do
- - do
- - do _.
14, 980
1,818
997
1 , 863
4, 794
2, 002
13, 299
2, 149
1, 361
1, 596
4,282
1, 740
15, 070
2, 700
1.810
1, 610
4,880
1. 960
14,060
2. 290
L450
14,560
2, 320
1,420
1,540
4, 81 0
1,890
15,450
1,780
960
1,630
5, 130
2, 100
14, 100
1,680
920
1, 680
4,820
1,840
14, 590
1, 990
1, 190
1, 720
4, 7.iO
1, 840
15,520
1,840
1,070
1,710
5, 240
2, 370
13,170
1,670
1.000
1,640
4, 390
1,860
14, 100 '"14,630
1,800 r 1, 890
1 , 020 r 1,1 30
1 890 rr 1 79()
4, 620
4, 880
2, 040 r 2, 320
13 900
1,740
990
1 040
4, 520
1 , 870
Food and beverage
Tobacco
Textile
Paper
Chemical
Pctroloum and coal
Rubber
Bv stages of fabrication:
Purchased materials
Ooods ui process
Finished goods
do
do
do
- -- do _
do
do
- --do ~ _ _
-- - - -
Machinery (including electrical) __ _
_ __do _
Electrical
- do~ Transportation equipment (including motor vebieles)
mil. of dol_.
4
1
2
1
4
3
1
4, 420
1,760
2, 640
1, 040
r
r
3, 626
2,611
3, 550
3, 320
3,340
4, 050
3, 210
3, 390
3, 800
2, 820
2, 900
••3,310
3, 390
do
do
- do
16,278
3, 622
12,656
15,260
3, 446
11,814
15,540
3, 500
11,980
1 5, 040
3, 320
11, ,720
15, 090
3, 300
11,790
1 0, 300
3, 530
12, 770
15.610
3,370
12, 240
15, 620
3, 4(',0
12, 160
15,960
3, 520
12, 4-10
14.730
3, 01 0
1 1 , 720
16, 460
3, 400
12, 970
r If), 420
r 3 570
r
12 850
10,230
3 590
12 710
New orders, net (seas, adjusted), total
do
30, 449
29, 222
30, 740
29, 830
30, 590
30, 290
30, 350
30, 470
30, 110
29, 190
30,010
r 30, 400
29 200
Durable foods industries total 9
Primary metal
Iron and steel
do
do
do
15,099
1,870
1,039
13,721
2,141
1,338
14, 770
2, 680
1,820
4, <?82
2, 075
4, 673
1,927
4,870
1,930
14,190
2, 230
1.400
1,610
4, 630
1, 900
14,800
2, 200
1, 300
1,610
4, 840
1, 920
14,640
1,720
930
1,040
4, 740
1, 950
14, 470
1,810
' 990
1,710
4, 760
1, 880
1 4, 680
1,900
1, 150
1 , 700
4,750
1, 880
14, 340
1.7KO
990
1, 680
4, 690
2, 030
13, 840
1,890
1,170
1, 590
4, 520
1,890
14, 410
1, 840
1,050
1, 740
4, 810
2, 210
r 14, 620
r
1,850
' 1,120
r
1, 540
' 4, 750
r 2, 230
13, 800
1, 630
950
1,500
4, 400
1, 850
Nondurable goods industries, total
Industries \v!th unfilled order" ©
Industries without unfilled orders *J
Machinery (including electrical)
do
Electrical
do
Transportation equipment (including motor vehicles)
mil. of dol
3, 661
2, 303
2, 800
3, 150
3, 500
3, 680
3,490
3,520
3, 460
3, 200
3, 330
r 3, 820
3, 710
do
do
do
15, 350
3, 385
11,965
15, 501
3, 377
12, 124
15, 970
3, 750
1 2, 220
15,640
3, 430
12,210
15,790
3, 390
12, 410
15,660
3, 400
.12,260
15, 880
3,330
12, 550
15, 790
3,420
12,370
15,770
3, 430
12, 340
15,350
3, 170
12,180
15,610
3, 390
12, 220
r 15, 780
r
3, 5S()
r 12, 200
15,400
do
51, 477
51, 506
51, 490
50, 850
50 210
49, 490
48, 380
47, 750
47, 680
47, 690
47, 500
r 47, 450
46, 520
48, 304
6, 520
5,109
3, 270
18,015
10 329
48, 298
6, 762
5,323
3, 339
17, 776
10, 096
48, 130
6, 7()0
5, 240
3, 330
1 7, 790
9, 980
47, 460
6, 390
4, 840
3, 310
17,810
9, 900
46,910
6, 180
4. 580
3, 270
17,920
9, 900
46, 280
5, 270
3, 790
3, 200
17,980
9, 950
45, 230
4, 640
3, 240
3, 200
17, 970
9, 900
44, 590
4,380
3,040
3, 180
17,910
9, 800
44, 500
4, 030
2, 770
3, 080
18, 120
10, 190
44, 620
3,920
2, 670
3,100
18, 260
10, 350
44, 640 ' 44, 680
3, 740 r 3, 670
2, 500 r 2, 470
3, 100
3, 000
18, 240 rr 1 8, 25()
10, 430
10,030
43, 840
3, 500
2, 320
2, 900
17 970
10, 370
15, 743
15, 653
15,730
15, 380
14, 960
15, 160
14, 800
14, 550
14, 690
14, 600
14, 890
r 15, 100
14 %0
3,173
3,208
3, 360
3,390
3,300
3,210
3,150
3,170
3,180
3, 070
2,860
»• 2, 770
2, 680
New business incorporations (49 States) cfj number.
14, 526
13,015
16, 456
18, 189
14, 669
17, 437
15, 446
15, 530
16, 676
14, 676
14, 993
14, 007
i 13, 700
INDUSTRIAL AND COMMERCIAL FAILURES^
Failures, total
number
1, 125
1,130
1,080
1,181
1,214
1,335
1,370
1,273
1,334
1,146
1,315
1,269
1, 344
102
164
221
532
106
105
186
195
520
124
89
163
231
478
119
93
193
210
587
98
103
195
196
609
111
120
241
224
607
143
121
220
215
674
140
131
214
229
564
135
103
213
228
680
110
102
192
173
106
128
217
228
621
121
113
218
218
604
116
132
231
229
613
139
thous. of dol__ ' 50, 376
Nondurable jroods industries total
Industries with unfilled orders ©
Industries without unfilled orders f _. _
Unfilled orders end of month (unadj ), total
Durable goods industries, total 9
do
Primary metal
_ _ _ _ _. do.
Iron and steel
do
Fabricated metal
_ _ _ _ _ do_ _
Machinery (including electrical)
do
Electrical
do
Transportation equipment (including motor vehicles)
_ -mil. of dol.
Nondurable goods industries, total ©
_ _ do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)!
thousands..
Commercial service
.. _ _ _ _ _ _
Construction
_
_
Manufacturing and mining
Retail trade
_ _
Wholesale trade
Liabilities (current), total
Commercial service
Construction...
_ ...
Manufacturing and mining
Retail trade
_.
Wholesale trade
_ do
do _
do
do
do
do __
do
do_
do
do
Failure annual rate (seas. adj.)_No. per 10,000 concerns.
4,670
4,690
4,710
3,310
12, 150
4 725
53, 214
59, 556
53,671
60, 945
70, 193
69, 192
73, 307
126, 450
61, 732
97, 594
80, 604
81, 508
3,891
' 7,132
20, 980
13, 050
5,323
3,027
12, 136
17,266
15, 244
5.541
3,072
10, 453
23, 822
13, 443
8,766
3, 129
11, 993
16, 324
15,951
6, 274
2.501
10, 770
21, 527
16, 687
9, 460
7,809
19,427
19, 170
14,116
9,671
7,065
13, 061
18,483
18, 563
11,420
6, 095
10, 877
31, 963
17, 588
6,784
22, 597
18, 613
41,111
28, 497
15, 632
3,993
11,073
21, 080
20, 470
5, 116
5,940
27, 874
33, 097
22, 556
8, 127
12, 715
14,417
23,011
16,644
17,877
16,104
23, 080
7,381
20, 894
50.5
55.4
49.6
51.0
50.7
51.1
54.9
54.1
57.2
54.8
59.6
65.2
63.3
__ _.
9,989
r Revised. 1 Excludes 23 new incorporations reported for Alaska.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printing and publishing industriesunfilled orders for other nondurable goods industries are zero.
IFor these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to
new orders.
§Revisions for 1956-59 appear on p. 13 of the May 1960 SURVEY.
cfData are from Dun & Bradstreet, Inc.
{Revisions for 1955-58 to include data for Hawaii are available
Digitized
FRASER
upon for
request.
http://fraser.stlouisfed.org/
575864°—-60
4
Federal Reserve Bank of St. Louis
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December 1960
1959
1960
DecemOctober November
ber
January
February
March
April
May
June
August
July
Septem- October November
ber
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!
1910-14=100-
235
231
230
232
233
241
242
241
236
238
234
237
240
241
do
- --do
do
_ - -do _
do
218
230
274
149
203
217
242
260
150
206
218
262
254
149
206
220
278
248
151
206
218
256
237
153
208
222
249
238
153
210
225
255
244
158
209
228
283
248
158
209
221
223
251
158
199
226
247
265
156
194
218
191
273
152
196
222
195
271
152
197
220
193
267
147
200
218
217
254
136
204
- do
-do do _
- do _
213
208
147
509
197
216
168
499
198
215
174
494
203
216
188
484
211
216
189
494
228
213
223
494
211
216
257
494
216
218
245
494
239
216
203
494
235
213
239
493
239
211
198
479
269
208
181
502
272
209
165
508
261
213
181
502
250
277
292
138
235
243
280
276
139
230
240
273
268
148
234
242
266
279
144
239
245
261
287
142
240
257
256
309
153
243
257
244
310
163
250
252
237
310
153
253
248
234
305
148
248
249
244
302
148
240
247
254
290
152
230
251
269
285
162
225
258
278
288
175
222
261
281
289
180
219
275
289
264
275
'290
264
275
291
264
275
290
265
276
289
266
276
289
267
278
291
268
277
291
267
275
290
265
275
290
263
274
290
262
274
290
263
274
290
262
274
291
262
296
'296
297
299
299
300
302
301
299
298
298
298
297
297
79
78
77
78
78
80
80
80
79
80
79
80
81
81
125.5
125.6
125.5
125.4
125.6
125.7
126.2
126.3
126.5
126.6
126 6
126.8
i 127. 3
129.2
123.2
117.3
118.8
113.6
147. 3
129. 5
123.1
117.2
118.6
114.1
147. 6
129.5
123.1
117.1
118.5
113. 8
147. 8
129.4
122.9
116.7
118.1
113.3
148.2
129.7
123. 0
116.7
118.0
113.3
148.9
129.7
123.1
116.7
118.3
112. 5
149.2
129.8
123.7
117.4
119.4
112.1
149.4
129.7
123.8
117.3
119.4
111.9
149.6
129.7
124.0
117.6
119.8
111. 5
149.7
129.9
124.2
117.7
120.0
111.1
150.0
130 1
124 1
117 6
119 9
111 0
150 3
130.3
124.3
117.7
120.3
110.0
150 8
130.7
124.8
118.2
120 7
110.9
151 2
109.4
118. 4
116. 1
124.5
109.0
109.4
117.9
116.0
123. 4
107.9
109.2
117.8
116.7
125.5
106.6
107.9
117.6
116.5
125.7
106.4
108.4
117.4
116.5
125.9
106.2
108.8
117.7
116.4
125.0
107.2
108.9
119.5
115.3
129.9
109.3
108.9
119.7
115.0
132. 9
109.7
108.9
120.3
115.0
136.1
110. 3
109.1
120.6
115.8
134.4
110. 8
109 3
120 1
116 6
127 3
111 3
110.6
120 2
117.5
124 6
110.2
111.0
120 9
118.4
124 8
110.0
130.1
121.7
104.1
140.4
152. 5
132.5
130.4
121.7
104.4
140. 5
153. 0
132.7
130.4
122.7
104.2
140.8
153.2
132.9
130.7
123. 2
104. 0
140.9
153.5
132.7
131.2
124. 0
104.3
141.0
154.7
132.6
131.3
124.1
104.7
141.2
155.0
132.7
131.4
124.4
104.7
141.4
155. 5
132.9
131.2
124.7
104. 3
141. 4
155.9
133.2
131.3
124.7
104.3
141.6
156. 1
133.2
131 3
124.8
104 1
141.8
156 4
133.4
131 5
124.9
103 5
141 9
156 7
133 8
132 0
125.7
104 1
142. 1
156 9
133.9
132 2
125.7
104 0
142 5
157 3
134 0
119.7
148.5
137.4
195.9
131.6
120.0
149. 0
137.9
196. 0
131.6
120.4
148.7
137. 5
197.2
131.7
120.3
147.6
136.3
197.2
131.8
120.6
147.5
136 0
199.3
131. 8
120 9
146. 5
134 9
199.4
131.7
121.1
146.1
134. 4
199. 4
131.9
121.4
145. 6
133.9
199.4
131.9
121. 1
145. 8
134. 1
199.7
132. 0
121
145
134
200
132
121
146
134
200
132
9
2
4
7
4
122 1
144.7
132 8
201.7
132 7
121 9
146 1
134 1
202 6
132 7
119.1
118.9
118.9
119.3
119 3
120 0
120.0
119.7
119. 5
119 7
119 2
119 2
r ng Q
11Q K
94.4
127.1
120.5
93.6
127.3
120.0
93.4
127. 3
120. 1
94.6
127 5
120 6
94.8
127.4
120 5
96.4
127 5
121 4
96.3
127. 6
121.4
96.0
127.1
121. 2
95.3
127.0
121. 1
94.8
127 0
121 8
92 7
126 8
121 5
92 9
126 8
121 5
r 93 3
126 6
r 199 4
93 0
126 4
104.2
146.4
103.7
146. 7
103.8
146. 6
104 3
146 8
104. 3
146.8
105. 5
146 5
105.6
146. 5
105.2
146.1
105. 2
145. 8
105.6
145 6
104 9
145 5
105 3
144 8
105 8
r 144 9
105 8
144 8
Crops
Commercial vegetables
Cotton
Feed grains and hay
Food grains
Fruit
Oil-bearing crops
Potatoes (incl dry edible beans)
Tobacco
-
Livestock and products
do
Dairy products
- do
M^eot animals
do
Poultry and eggs
_-do
Wool
do
Prices paid:
All commodities and services
do
Family living items
- do
Production items
- do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100—
Parity ratio §
do _
CONSUMER PRICES
(U.S. Department of Labor indexes)
All items
1947-49=100Special group indexes:*
All items less food
_
_ _ _ _ _ _ _ do
All items less shelter
do _
All commodities
_
_ do _
Nondurablcs
do
Durables
___
_ _ _ _ do _
Services
_ do
Apparel
Food 9
Dairy products
Fruits and vegetables
Meats, poultry, and
Housing 9
Gas and electricity Housefurnishings
Rent
_
Medical care
Personal care _
_
_
__„_
_
fish
_
_
_
Reading and recreation
Transportation
_
Private
Public _
__
Other goods and services
_ do _
do
do _
do
do _
do
do __
do
do _
do
do _
do
_ do
do
do _
do
WHOLESALE PRICEScf
(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
By durability of product:*
Nondurable soods
_
__
_
do _
Durable goods
_
do
6
9
2
3
2
1 99 ^
Farm products 9
Fruits and vegetables, fresh and dried
Grains
Livestock and live poultry
do
do
do
do
86.5
102.2
75 7
78.5
85.4
103. 2
76 5
75.3
85.9
107.9
76 1
76.0
86 5
104.9
77 2
78 5
87 0
100.5
76 7
80 8
90 4
104. 4
78 °
86 2
91.1
111.5
79 4
85.7
90.4
116.9
77 8
85.8
89.0
109.7
77 5
85.1
88 9
112.9
75 5
84 1
86 6
98.7
74 3
80 7
87 7
104.7
74 9
79 o
r
89 5
' 109. 2
70 (80 7
89 9
107.5
Foods, processed 9
_ _ _ _
Cereal and bakery products
Dairy products and ice cream
Fruits and vegetables, canned and frozen
Meats, poultry, and
fish
do
do
do
do
do
106.4
120. 4
116. 7
107.4
95.1
104.9
120.4
117.7
106.4
90.8
104.7
120. 4
118. 1
104.6
90.5
105 6
120 7
118 8
104. 5
92 4
105.7
120.6
118.4
105. 0
93. 1
107.3
120. 8
117.7
105. 8
97 8
106.8
120. 9
115. 6
105. 8
96.7
107.3
121.2
114.9
106. 3
98 5
107. 6
121. 2
110.0
106.9
98.1
108 9
122 5
117 3
107.5
99 5
107 8
122 0
118 0
106.8
96 8
108 1
122 4
120 5
107.9
96 0
109 0
123 1
121 3
109. 1
97 8
109 1
123 1
121 7
109.8
96 6
Commodities other than farm prod, and foods-_do
128.4
128.5
128.6
128.8
128.7
128.6
128.7
128.2
128.2
128.2
128.2
127.9
r
128. 0
127.8
do _
do
do
do
do
do
110.0
123.9
93.8
54.5
106.3
128.3
110.0
123.9
93.8
52.2
106. 6
128.3
110.0
124.0
93.7
50.8
107.0
128 3
109.9
124.1
93.8
49.2
108. 8
128.3
110.0
124 2
94 0
49 4
108 8
128 3
110
124
94
50
JOS
128
1
2
2
6
8
3
110.2
124 5
94.5
51 7
108 8
128 3
110 2
124 6
94 8
50 2
108 8
128 3
110
124
95
47
108
128
110
124
95
47
110
128
110
124
95
48
108
128
110
124
95
47
108
128
r HO 3
110 3
Fuel, power, and lighting materials 9
do___
Coal .
do
Electric power
January 1958=100Gas fuels
do
Petroleum and products
1947-49=100
111.4
123.6
100.7
lll.'l
114.5
111.2
124 0
100.7
113 8
113.9
111.7
124 1
101.2
115 5
114.3
111.9
124 1
101.3
116 6
114.4
112.0
124 1
101.8
114 5
114 6
112.3
124 0
101.8
115 6
115 0
112.2
110.8
118 7
101.7
111 6
113 6
112.3
119 5
101. 8
112 2
116 0
113.8
120 3
102.0
114 4
117 9
115.3
121 3
102.1
116 6
120 0
116.1
122 4
102.1
121 3
120 7
T
101.8
115 6
115 4
123.3
103. 9
124.4
87.7
69.5
123. 3
104.1
124.3
87.7
69.2
123.2
103.7
194.2
87.8
69.2
123.4
103. 3
124.7
87.7
69.0
123.5
103.3
124 9
87.8
69.1
123.7
103.2
124 9
87.8
69.1
123.5
103.1
124 9
87.8
69.0
123.2
102.1
125 0
87.8
69 0
123.0
101.7
124 9
87.1
69 0
123.1
101.7
125 0
87.1
69 0
122.9
101.1
125 0
86.1
122.8
100.9
125 0
86.1
r
Chemicals and allied products 9 Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials Prepared paint
_ _
Furniture, other household durables 9
do___
Appliances, household
do___
Furniture, household
_ _
do
Radio receivers and phonographs
do
Tele vision receivers- __
_ _ do
r
1
Revised.
Index based on 1935-39—100 is 212.8.
will be shown later (revisions for 1952-57 appear
data prior to August 1958 are available upon requt.
O Goods to users, including raw foods and fuels.
HQ 0
2
6
1
9
8
3
4
7
1
s
6
4
5
6
4
9
4
4
fiS Q
4
5
0
7
4
4
fi« Q
r
123 6
r 04 4
t 4-7 8
111 1
1 9R 4
01 0
Q4 3
m
o
116.2
116.1
102.1
102.1
1 99
1 91
r
n
122. 7
100.9
r 1 9r p.
r
84.2
AC O
122.6
100.6
84.2
KQ r»
SURVEY OF CURRENT BUSINESS
December 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-7
1960
1959
DecemOctober November
ber
January
February
March
April
May
June
July
October NovemAugust September
ber
COMMODITY PRICES—Continued
WHOLESALE PRICEScf— Continued
U. S. Department of Labor indexes— Con.
Commodities other than farm, etc.— Con.
Hides, skins, and leather products 9 .1947-49= 100. _
Footwear
do
Hides and skins
_
do _
Leather
do
Lumber and wood products
_-do
Lumber
__
do
Machinery and motive products 9
Agricultural machinery and equip _
Construction machinery and equip§
Electrical machinery and equipment
Motor vehicles
Metals and metal products 9
Heating equipment
Iron and steel
N on ferrous metals
116.2
133 5
87.5
112 2
126.2
127.9
111.7
133 8
67.2
103 8
124.3
125.8
112.3
134. 1
73.8
103 5
124.8
125.9
112.7
134.2
73.7
105.5
125.1
126.1
112.0
134 2
69.8
104 8
124.9
126.1
111.8
134 2
72.0
102 8
124.5
125.9
112.1
133. 5
73.5
104, 7
124.3
125. 7
111.2
132 5
72 9
103 5
123 7
124.9
110. 3
132.5
67. 1
103.0
122. 4
123.1
110. 1
132. 5
68.0
102.2
121.5
121.6
108.7
132. 5
63.6
98.9
119.6
119.2
do
do
do
_^do
do
153.7
143.4
172.5
155.9
141.9
153 6
143.9
172.9
155.9
143.6
153 7
144.0
172 9
155 4
141. 6
153. 8
144. 3
173.6
155 8
141.6
153 9
145.3
173 9
155 7
141.6
153 9
145. 3
174 3
155 6
141.6
154.0
145.6
174.7
155 6
141.6
153 5
145 7
175 3
153 9
141 6
153. 4
145.9
175. 3
153.9
141.6
153 2
146. 0
175 5
153. 3
141.6
153 2
146.1
176 7
153. 1
141.6
do
do
do
do
154.5
121.5
173.1
137.2
155. 8
121. 5
173.6
141. 1
155.2
121.6
172.2
140.7
155. 5
120.9
172.4
142.7
155.3
120 3
171.6
142 6
154.5
120. 1
170.5
140 8
154.5
120. 1
170. 5
140 5
154.2
120 2
170 4
140 0
153.8
120.0
169. 9
138.9
153. 4
118. 7
169.5
138.6
153.6
118.8
169. 9
138 7
do_ _
do
__do
do
137.5
160 4
130.3
133.1
137.7
160.6
130.3
133.1
137.8
IPO 7
130.4
133.1
138.4
161 3
130.5
133.1
138 2
161 5
131 1
133.1
138.2
161 5
131 0
133.2
138.3
161 5
131.3
133. 2
137 9
161 7
131 5
133 2
137.8
161 7
131.3
133.2
137 8
161 8
131 3
133.2
133 5
145 9
146 7
137. 0
__
Nonmetallic minerals, structural 9
Clay products
Concrete products
Gypsum products
Pulp paper and allied products
Paper
Rubber and products
Tires and tubes
Textile products and apparel 9
Apparel
Cotton products _
Silk products
Manmade fiber textile products
Wool products
do
do
do
__.do
-
132. 5
144 3
!41. 9
« * 132. 2
or
132.3
144 3
r
!44.4
T
132. 2
r
r
132 4
144 3
142 0
132. 2
r
r
133.7
144 5
143 1
132. 2
133 2
133 1
133 1
144 5 T 144 8 T 145 1
144 7
144 6
144 7
' 137. 0 ' 137. 0 ' 137. 0
r
133 4
145 9
r 146' 3
r
r
r
137. 0
T
108. 5
132 5
64 1
98 1
117 7
116.3
108. 5
132 5
65 8
97 1
116 6
114 8
152 8
146 7
152 5
140 3
153 0
148 3
177 3
152 4
140 6
153.5
119 3
169 7
138 4
152.8
119 3
168 9
137 1
152.4
118 4
168 5
135 6
137 8
162 0
131 1
133.2
138 0
162 1
131 0
133 2
r 138 1
162 2
131 0
133 2
137 9
162 2
131 0
133 2
133 5
145 9
146 9
141.3
133 0
145 2
145 3
141.3
133 0
145 4
144 9
141.3
r 133 4
r 145 7
144 7
141.3
133 i
145 7
143 6
141.3
q5
101
92
128
108.1
132 5
62.3
97 5
118.7
117.9
r
T
151 3
146 2
176 7
152 5
135. 4
r
T
r
T
r 176 7
r
do
- do
do_ _
_ do
do_ _
do
95 9
100. 6
93.0
114.2
81.0
104.1
96 3
100.9
94.0
117.4
81.4
103.7
96 7
100 9
95.0
121 7
81.3
104 2
96 6
100.8
95.9
122.0
79.4
104.0
96
100
95
119
79
103
5
6
8
5
8
2
96 3
100 7
95 6
116 6
79 4
102 8
96 3
100 7
95. 0
118 0
79.4
102 7
96
100
94
118
79
102
3
6
8
7
7
4
96 3
100 8
94 8
121 6
79.6
102 1
96 3
101 0
94 7
123 3
79 6
101 8
96
101
94
126
78
101
1
0
3
8
9
5
95 9
101 1
93 4
128 4
78 6
101 2
101 1
95 5
101 ()
91 7
125 9
78.5
101 2
do
_ do
do
do
do
131.7
120.7
134.8
91.8
117.7
131.7
120.7
134.8
93.7
117.7
131. 7
120 7
134.8
94 ?
118.0
131.7
120 5
134.8
95 3
117.7
131
120
134
93
117
7
6
8
4
8
131
120
134
94
117
131
? 7
131 7
190 6
13^ 8
90 9
118 3
131 8
120 6
134 8
90 8
118 6
132 0
121 1
134 8
89 9
118 "i
132 0
121 1
134 8
91 1
118 6
132 0
121 1
134 8
qO 3
118 6
132 0
121 1
134 8
90 6
118 6
84.0
79.7
84.1
79 6
84 1
79 7
83.8
79 7
83 7
79 1
83 5
79 0
83 9
79 0
83 9
78 9
T g3 6
i 78 6
i 83 6
Tobacco prod and bottled beverages 9
Beverages alcoholic
Cigarettes
_ _ _
Miscellaneous
TOYS, sporting goods .
_
7
6
8
0
8
134 8
95 4
118 3
131 7
120 6
134 8
91 1
118 3
83 3
79 6
83 3
7Q 2
83 5
79 2
ro6
8
1
8
5
r 78 5
PURCHASING POWER OF THE DOLLAR
As measured bv —
Wholesale prices
Consumer prices
.
1947-49= 100__
do
83 8
79 6
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE?
New construction (unadjusted), total
mil. of dol._
Private, total9
do
Residential (nonfarm) 9 _„
_ _ _ do
New dwelling units
do_ _
Additions and alterations . _
__
.do
Nonresidential buildings, except farm and public
utilitv, total 9 _ _ _ _
mil. ofdol
Industrial
^do_ _
Commercial. _ _ _ . . _
_ do
Farm construction
do_ _
Public utility
__
.
.do
Public, total
do
Nonresidential buildings.
Military facilities
Highway.. _ _ _ _ _ _
Other types.
_
_
do
do
do
do _
_ _
New construction (seasonally adjusted), total
Private, total 9
' Revised.
3, 686
3,482
3,762
4,120
4,539
4,878
3,062
2,712
2,596
2,774
2,944
3,176
3,392
(2)
2,036
1, 565
403
1,904
1,457
378
1,718
1. 322
324
1,476
1,140
266
1,348
1,023
257
1,483
1,121
294
1, 626
1, 192
365
1, 755
1, 252
429
1, 910
1, 358
474
(2)
770
171
348
155
477
790
185
354
136
449
789
200
341
121
411
757
209
310
101
356
763
218
314
103
363
745
213
305
113
414
736
207
300
125
438
770
206
324
143
485
815
208
349
155
487
1,420
1,119
1,013
974
886
988
1,176
1,363
1,486
368
117
568
367
321
109
370
319
320
98
286
309
326
80
280
288
305
56
250
275
331
86
265
306
375
79
390
332
393
90
516
364
409
93
616
368
(2)
(2)
4,313
4,221
4,331
4,489
4, 521
4,522
4,480
4,488
4,449
3,129
3, 085
3,144
3,211
3,230
3, 216
3,181
3,175
3, 164
(2)
1,811
1,748
1,760
1,804
1, 779
1,776
1,763
1,753
1,758
(2)
718
169
318
155
423
731
ISO
317
158
424
769
196
331
161
428
797
203
345
137
445
833
218
363
133
460
8J3
215
344
133
471
804
211
339
132
462
802
210
338
130
470
797
210
332
129
460
1, 184
1,136
1,187
1,278
1,291
1,306
1,299
1,313
1,285
do
Nonresidential buildings
Military facilities
Highway
4,075
do
do
Public, total 9
4,421
3,302
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public
u t i l i t y , total 9
mil. of do]
Industrial
_
do
Farm construction _ _ _
4,880
3,460
do
do
d0
(2)
i2)
338
330
347
359
357
371
377
390
381
95
105
111
95
115
77
95
82
90
418
381
381
483
482
481
481
482
481
i Indexes based on 1935-39=100 are as foHows: Mtjasured b y —wholes ale prices ,43.7 (Nc vember): consume r urices. 47.0 (Octoljer).
_
JRevised be-mining with data for September 1955; unpublished revisions (prior to November 1958) will be shown later
^Revisions for January-September 1958 are shown in the November 1959 issue of "Construction Activity" report of Bureau of the Census
* Revisions for June-September 1959, respectively: Rubber and products—146.2, 146.0, 140.5, 141.6; tires and tubes—148 9 148 9 133 2 133*2
SURVEY OF CURRENT BUSINESS
S-8
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
DecemNovemOctober
BUSINESS STATISTICS
ber
ber
December I960
1960
January
February
March
April
May
June
j July
i
October NovemAugust September
ber
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION
CONTRACTS
Construction contracts in 48 States (F.W. Dodge Corp.) :
Valuation total
mil. of dol
Public ownershiD
Private ownership
By type of building:
Nonresidential
Residential
Public works
Utilities
.
Engineering construction:
Contract awards (ENR)§
3, 135
2,373
2,224
2, 193
2,240
3, 046
3,360
3,337
3,472
3,597
3,295
3,119
3,319
do
do
914
2,220
701
1,672
711
1,513
727
1,466
702
1, 537
1,075
1,971
*1,067
2,293
1,025
2,312
1,237
2,236
1, 413
2,184
1 018
2,277
995
2,124
1,125
2,194
-do
do
do
do
1, 003
1, 515
455
161
801
1.092
394
86
790
993
383
58
801
927
353
111
698
988
413
141
1,067
1,294
566
120
1,048
1,480
654
178
1,110
1,453
494
281
1,110
1,483
693
186
1,152
1,329
794
321
1,177
1,433
520
165
1,124
1,277
544
173
1,165
1,390
647
117
do
1,494
1,458
1,590
1,265
1,402
2,001
2,005
1,803
2,885
2 005
1,859
2,232
1,796
4,604
i -213
2, 565
2, 252
5, 315
390
2, 902
2, 023
6, 900
372
2, 553
3, 975
7,410
1, 069
4,791
1,550
5, 961
223
4, 370
1,369
7,826
415
5, 267
2, 145
8, 406
335
5, 482
2, 589
9,963
309
6, 202
3,452
11,069
1,284
5,784
4,000
10, 637
1 526
5, 230
3 881
11,216
684
6, 366
4,166
7,446
405
3,829
3,212
8, 541
635
4,461
3,445
105.5
92.5
83.7
76.3
76.5
97.8
109. 2
(2)
75.0
53.1
1.3
74.2
51.9
2.3
94.7
62.2
3.1
107.5
71.7
1.7
Highway concrete pavement contract awards :d"
Total
thous. of sq. yd
Airports
do
Roads
do
Streets and alleys
do
1,462
NEW DWELLING UNITS
New permanent nonfarm dwelling units started:
Unadjusted:
Total privately and publicly owned
thousands
Privately owned total
In metropolitan areas
Publicly owned
Seasonally adjusted at annual rate:
Privately owned total
do
do
do
102.2
73.9
3.3
90.7
63.9
1.8
83.0
58.9
.7
do
1, 180. 0
1,210.0
1,330.0
1,216.0
1,115.0
1,125.0
1,125.0
88.9
86.0
66.5
4.3
15.3
2.9
69.7
68.1
51.3
3.2
13. 5
1.6
C7.1
66. 0
48.5
2.9
14.6
1.1
57.7
57.0
41.7
2.8
12.5
.7
60. 6
60.5
45.7
2.9
11.9
.2
84.3
81.2
61.1
3.9
16.2
3.1
92.4
91.3
69. 6
3.8
17.8
1.1
Residential construction authorized, all permit-issuing
places:
New dwelling units total
thousands
Privatelv financed total
do
Units in 1-family structures
do
Units in 2-famiiv structures
do
Units in multifnmilv structures
do
Publicly financed total
do
(2)
CONSTRUCTION COST INDEXES
Department of Commerce composite t
1947-49= 100__
American Appraisal Co., The:
Average, 30 cities
1913-100.
Atlanta
do ___
New York...
_ do .
San Francisco
do
St. Louis
_ _
do
Associated General Contractors (all types)
do
E. H. Boeckh and Associates:^
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U.S. avg. 1926-29=100..
Brick and steel _ __ __ _.
_ _do
Brick and wood
.
do
Commercial and factory buildings:
Brick and concrete
_
do
Brick and steel
do
Brick and wood _ _
do
Frame
do
Steel _...
_
. _
do
Residences:
Brick
do ...
Frame
_
do
Engineering News-Record:©
Building
1947-49—100
Construction
_ _
_
_ _ do
Bu. of Public Roads— Highway construction:
142
142
142
143
143
143
143
143
144
143
143
144
144
144
712
778
778
669
690
526
713
779
778
669
690
526
714
779
778
670
690
526
714
779
778
670
691
527
715
787
778
674
691
527
716
787
778
674
691
529
717
789
778
674
693
529
719
789
778
674
696
530
720
789
778
674
696
535
722
789
778
671
704
537
723
789
779
671
704
538
727
803
787
679
704
537
728
803
795
681
706
538
730
806
795
690
710
538
309.1
298.8
295.4
309.6
299. 2
295.9
310.1
300. 3
296. 3
310.5
300. 6
296.5
312.2
302.6
298.1
311.4
301. 6
297.6
312.0
302. 0
298.0
313.3
302. 7
298.9
314. 6
303. 2
299. 1
314.7
302.7
298.5
314.6
302.4
297.9
315. 1
302. 7
297.9
315.0
302.5
297.2
315.0
302.4
297.0
321.2
318.6
295.0
292.2
302.6
321.6
319.0
295.5
292.6
302. 9
322.2
319.6
296. 1
293 2
303. 8
322.7
320.0
296. 3
293- 6
304.0
324.0
321.5
298.4
294. 6
305. 1
323. 5
320.9
297. 8
294. 1
304. 6
324. 1
321. 4
298.2
294. 6
304.9
325. 6
322. 6
299.1
295. 6
305. 6
327.1
322.2
299.8
296.0
303.2
327.7
321.3
299.2
295. 6
301.3
327.6
320.8
298.8
294.7
300.5
328. 2
321.1
298.9
294.4
300.8
328.1
321.0
298.5
293.5
300.8
328. 1
320.8
298.4
293.3
300.4
296.2
286.1
296.6
286. 5
297.3
287.2
297. 6
287. 5
299.1
288.8
298. 6
288.2
299.0
288.7
299.9
289.5
300.5
289.8
300.0
289.2
299.5
288.5
299. 6
288.3
298.9
287.5
298.7
287.3
163.9
178. 6
163.3
178.3
164. 0
179. 2
164.3
179.4
164.2
179.5
164.4
179.9
r 165. 5
165.9
182.5
166. 4
183.1
166. 3
183.3
166. 4
183.4
166.0
183.1
165.9
183.2
166. 1
183.3
138.2
181.6
134. 4
136 6
133 7
CONSTRUCTION MATERIALS
Output index, composite, unadj 90
1947-49—100
Seasonally adjusted 9 ©
do
Iron and steel products, unadj.©
do
Lumber and wood products, unadj ©
do
Portland cement, unadj
do
132.9
116.7
65.2
150.8
186.2
118.2
123.8
87.7
130.4
156.1
124.8
144.8
125.4
130.2
144.2
119.4
127. 2
125.6
127. 2
112.4
120.8
136. 7
115.6
133.3
96.8
132.4
137. 1
125.0
142.8
110.9
135. 3
133.1
129.0
137.3
162.6
141. 7
132. 1
134.1
142.0
191.6
145.4
136. 3
143. 3
138. 6
187.8
523,314
237, 577
447, 928
219, 605
450, 999
241, 176
417,016
195, 331
367, 646
169, 641
360,916
173, 143
335, 700
152, 633
322, 483
155, 139
364, 909
174, 557
1, 916
1,963
2,134
1,740
1,628
1,520
1,558
1,574
1,329
1,086
1,094
881
992
1, 165
1,173
1,256
465
590
274
373
486
227
377
465
252
292
386
203
344
413
935
411
468
286
411
471
291
2, 799
3,583
71, 160
2,442
3,378
78, 582
2,487
3,727
96, 444
2, 079
3. 630
92, 949
2,149
3,470
96, 782
2,406
4, 145
116 365
2, 366
3,918
98, 106
r
126. 7
144 5
130.7
135 7
142 0
199 0
133. 1
186.2
362, 163
160 340
416 954
180 818
425, 124
169 070
433, 655
162 077
1,770
1,674
1,696
1,736
1,735
1, 425
1,294
1,441
1, 342
1,276
443
520
293
479
612
333
416
582
296
437
666
338
r
409
r
604
r
329
403
561
312
2, 500
4,001
86 940
2,690
4,514
82, 829
2 528
4,289
8? 998
2 784
4 347
90 037
2 598
4 814
81 845
92 730
' 130. 8
r
125.0
115.8
191.3
r
REAL ESTATE
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
thous. of dol
Vet. Adm.- Face amount
do
Federal Home Loan Banks, outstanding advances to
member institutions
mil. of dol
New mortgage loans of all savings and loan associations, estimated total _ _
mil. of dol
By purpose of loan:
Home construction
do
Plome purchase
_ do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
mil. of dol
Nonfarm foreclosures.
number
Fire losses
thous. of dol
r
2 525
84 340
r
l
2
Revised.
Negative figure due to termination of contract reflected in earlier data.
Data according to new series compiled by Census are as follows (thous. units): Total nonfarm
(public and private)—August-November I960,127.5; 100.3; 108.9; 96.3; August-November 1959, 142.0; 136.1; 121.2; 104.3; seas. adj. annual rate, private only—August-November 1960,1,273.0; 1,044.0;
1,217.0; 1,221.0; August-November 1959,1,446.0; 1,468.0; 1,354.0; 1,328.0. (See prior issues of the Survey for comparable I960 and 1959 figures for April-July.)
§Data for October and December 1959 and March, June, and September 1960 are for 5 weeks; other months, 4 weeks. Contracts in Alaska and Hawaii are included beginning 1960.
cfData for December 1959 and March, May, and August 1960 are for 5 weeks; other months, 4 weeks.
JMinor revisions prior to 1958 are available upon request.
^Copyrighted data; see last paragraph of heaclnote, p. S-l.
©Data reported at the beginning of each month are shown here
the previous month.
9 Includes data for items not shown separately.
©Revisions for 1955-57 for the composite index of construction materials output and for lumber and wood prodDigitized forfor
FRASER
ucts
are in the September 1959 SURVEY (p. 20); revisions for 1958-September 1959 will be shown later.
SURVEY OF CURRENT BUSINESS
December 1960
S-9
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
October
1960
Novem- Decem-
ber
ber
January
February
March
April
May
June
July
August
SeptemNovemOctober
ber
ber
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index
1947-49=100
Business papers
__do
M^aca^ines
do
Newspapers
Outdoor
Radio (network)
Television (network)
do
_ _ - _ do_ __
do _
1950-52=100
-
Television advertising:
Network:
Gross time costs total
thous of dol
Automotive, including accessories
do__ _
Drucs and toiletries
do
Foods soft drinks, confectionery
do
Soaps cleansers etc
Smoking materials
All other
Spot (national and regional):
Gross time costs, quarterly total__ _
Automotive including accessories
Drugs and toiletries
Foods ^oft drinks confectionery
Soaps, cleansers, etc
Smoking materials
All other
do
do
do
_ -
230
235
180
227
226
182
239
246
189
241
247
198
238
256
191
245
258
195
243
242
193
247
250
195
236
259
179
235
251
181
213
188
24
484
167
158
21
492
206
121
25
487
202
148
21
471
207
164
26
495
216
155
24
468
209
160
19
473
225
166
23
472
220
171
27
492
203
166
28
547
198
169
25
502
205
164
22
492
59, 031
5,400
16, 525
11,921
58, 328
4,978
15, 786
10, 922
58, 669
3,874
16.631
12,126
57 718
4,424
17 276
11, 826
55, 578
4,495
16 875
11 354
58, 603
4, 756
17, 357
11, 596
55, 923
4,527
14. 896
10,782
55, 500
5, 056
15, 108
10, 059
6, Oil
6, 020
13,153
5, 364
6,108
15, 170
5, 595
6,416
14, 028
5 8^9
7,302
11 061
5 689
6, 126
11 040
6 419
6,427
12 047
6 089
6, 486
13 144
5, 755
6,410
13 112
165, 732
5 435
34, 542
54, 440
167, 981
6 102
32. 489
54 355
- - do
do_ ...
do
18,318
9,023
43, 974
20, 449
11, 038
43 548
- - -
Magazine advertising:
Cost, total
_
Apparel and accessories
Automotive incl accessories
Building materials
Drugs and toiletries
Foods soft drinks confectionery
-
_ _ d o ___
do
do
do
do
_ do
Beer, wine, liquors
Household equip., supplies, furnishings
Tndustrial materials
Soaps, cleansers, etc Smoking materials
All other
_
_ _
Linage, total
do
do_
do
_ _ d o _ __
do
do__ _
__
' 52 971 55 778
' 3, 588 3 796
16 J75
14 508
8 786
10,043
r
5 768
6 651
10 747
4 377
5 464
18 848
f 50 867
3, 174
16 888
'9 575
51 457
3,998
14 765
9, 183
5 619
6 254
9 358
6 245
6,467
10 800
a
!60, 648
6 372
27^ 220
50 232
°125, 01 2
4 664
22 582
37 853
21,569
8,535
46 720
17 407
7 656
34 850
90,211
5,846
12,806
3,603
7 839
11,036
86, 117
5,424
9 483
2,514
8,235
11, 807
60, 820
3,444
4 332
1,101
6,147
8,905
44, 468
1,786
5,067
1,145
4,314
6, 918
69, 130
3,201
7 877
2, 41 1
6,392
10, 973
78, 529
5. 532
8 332
4,254
6 587
11,608
88, 366
6,534
11,599
5, 446
6, 509
10, 709
86, 863
6,548
10, 353
4,839
7,650
10, 115
69, 372
2,779
7 763
3, 515
7 762
9 929
51 260
742
5 639
2 118
6 257
7 816
51 089
5 265
4 048
1 905
5 683
7 541
69
8
3
4
6
8
563
697
?15
139
221
724
98, 071
6, 841
14 739
3,374
8 828
13, 144
5,523
9,014
5 977
1,075
2, 354
25, 138
6,014
7,655
5 733
942
2,237
26, 074
7,515
5,010
3 794
547
2, 365
17, 661
1,893
2,153
2 748
547
1,592
16, 303
3,808
4,238
4 252
877
2,608
22,494
3,866
6,166
4 497
863
1,978
24, 848
4,324
8, 546
5 657
1,205
2,093
25, 745
4,594
8,812
5,929
1,076
2,464
24, 482
3 967
5,930
5 238
722
1 981
19, 787
3 344
3 142
3 870
585
2 092
15 654
2 682
3 005
3 531
528
2 082
14, 820
3 857
5 524
4 969
704
1 918
21, 595
5,293
8, 253
6 355
867
2,259
28, 119
5, 792
5,244
4,061
4,283
5,010
5,550
5,492
4,961
4,002
3 619
4,457
5,314
5,914
do
do _
do
271,255
64, 780
206, 474
259, 509
59, 382
200, 127
250, 948
51.416
199, 532
212, 027
60, 047
151,980
209, 661
58, 100
151, 561
243 585
61, 127
182 458
256, 329
65, 827
190,501
273, 697
69, 808
203, 889
250 556
65 Oil
185 545
217 418
63 504
153 914
224 124
63 563
160 561
240 074
60 905
179 169
265 798
63, 434
202 364
_ _ _ _
do _
_ _._ do...
do
do
18, 409
4,780
38, 403
144, 882
9, 757
4,286
32, 927
153, 158
9,310
4,985
26, 533
158, 703
10,590
6,420
21,838
113,132
12,187
3,847
25, 833
109, 694
14, 097
4,753
30 496
133, 112
17. 092
4,442
31, 448
137, 520
18, 274
4,117
36, 032
145, 465
18 018
4, 796
30 786
131, 945
12
4
23
113
11 905
3, 408
21 977
123, 271
12 253
3 802
28 782
134, 333
17, 012
4,844
36 341
144, 166
thous. of lines_.
Newspaper advertising linage (52 cities), total
Classified
_
Display, total
Automotive
Financial...
General
Retail
_
224
244
184
do
do
do
do
-
-
242
242
195
124
852
240
697
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:f
Goods and services, total
bil. of doL.
Durable goods, total?
Automobiles and parts
Furniture and household equipment
Nondurable goods, total 9 __ _ _
Clothing and shoes
_
Food and alcoholic beverages
Gasoline and oil _ Services, total 9
Household operation
Housing..
_
Transportation..
do
do
_ _ do
. _ do _
___do
do
do_ _.
do
do _
do
__do
...
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
mil. of dol_.
Durable goods stores 9 - ...
__ . _
Automotive group
Motor-vehicle, other automotive dealers
Tire, battery, accessory dealers
Furniture and appliance group
Furniture, homefurnishings stores _
Household-appliance, TV, radio stores
do
do
do _
do
do
do
do.
.
Lumber, building, hardware group-.. _ _ _ d o
Lumber, building materials dealerscf
do
Hardware stores _
do
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
do
do
_ do .
do
do
do ......
319.6
323. 3
329.0
328.3
43.5
17 4
19.2
44 2
18 5
18.9
44 5
18 9
18.7
42 7
17 5
18 3
149.6
27.8
79.1
11.3
150 5
27.8
79 5
11.4
153 5
28 3
81 4
11 7
152 7
28 2
80 7
11.7
126.6
18.5
41 3
10.1
128. 6
18 9
41 9
10 3
130
19
49
10
132
19
43
10
9
1
5
5
15,829
17. 419
19, 200
18, 548
18,918
18,066
18, 153
5 097
3, 025
2 856
169
5 232
3,129
2. 964
165
5 830
3, 586
3,402
184
6 369
3, 755
3,527
228
6, 414
3,688
3, 465
223
6 637
3,735
3 494
241
5 793
3,097
2 869
228
5 970
3,221
3 003
218
1,229
748
481
781
485
296
797
509
288
807
516
291
838
548
290
875
569
306
918
575
343
861
540
321
901
581
320
955
736
219
981
692
289
699
524
175
720
542
178
789
588
01
996
732
264
1, 055
789
266
1 124
853
271
1 053
802
251
1 096
859
237
12, 133
1 170
'237
451
294
188
15, 429
1 975
432
776
497
270
11, 215
931
199
363
203
166
10, 597
792
153
320
178
141
11,589
946
163
380
224
179
12, 831
1 348
222
526
313
287
12, 134
1 072
193
435
238
206
12, 281
1 083
221
405
249
208
12, 273
943
175
369
212
187
12, 183
999
173
393
234
199
19, 095
17, 635
21, 454
6,420
3, 520
3,293
227
5 502
2,807
2, 596
211
6 025
2,723
2, 456
267
988
623
365
992
634
358
1,104
861
243
12, 675
1 198
220
471
298
209
116,312
1
1
9
f
9
3
1
5
17, 898
r
r
r
r
r
r
18, 658
T
5 633
2, 863
2 661
'202
f
r 563
916
594
'323
322
1 041
1 055
802
812
243
r 239
r I 13()
r
187
442
r
268
'233
r
2 5 904
2 3, 133
205
r
886
' 12, 265
2 18, 565
6 068
3, 264
3 059
r
2968
12, 590 2 12, 661
r | Jg9
2
1 909
218
468
291
205
«• Revised.
1 Beginning January I960, data for Alaska and Hawaii are included.
2 Advance estimate.
t Revised series. Revisions for 1957-March 1959 appear on p. 17 of the
July0 1960 SURVEY.
9 Includes data not shown separately.
d" Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
Not comparable with earlier data due to change in estimating procedures; figures comparable with 1st quarter 1960 are as follows (thous. dol.): 1960—2d quarter, 174, 245; 3d quarter, 135,013.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December I960
1959
1960
DecemOctober November
ber
January
February
March
April
May
June
July
August
SeptemOctober November
ber
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (unadjusted) — Continued
Nondurable goods stores— Continued
Drug and proprietary stores
mil.
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
603
1,413
608
1, 374
4, 594
4, 1 1 5
1,462
575
1, 276
4, 173
3,708
1,433
783
1,350
4, 698
4,158
1, 437
620
1 219
4,319
3, 853
1,356
604
1,141
4,079
3, 634
1, 286
603
1,210
4, 380
3.919
1, 388
607
1, 304
4, 601
4,127
1, 457
611
1,377
4,379
3,909
1,489
4, 517
4,035
1,525
607
1,493
4, 704
4,216
1,587
613
1,476
4, 423
3, 948
1, 568
__clo. __
do
__do
do
do
2,107
1,255
152
327
410
2,190
1,302
194
327
397
3, 552
2, 056
249
682
614
1,492
866
106
230
353
1,433
809
117
245
347
1 , 678
974
137
202
359
2,080
1,217
148
343
383
1, 846
1,074
141
298
375
1,891
1,114
134
307
386
1,700
969
116
294
420
1, 913
1, 091
153
318
400
Estimated sales (seasonally adjusted), total__do
18,341
17,842
17, 485
18,090
18, 100
18,234
18, 911
18,480
18, 504
18, 107
18, 190
Durable goods ^tores 9
do
Automotive °roup
do
Motor-vehicle, other automotive dealers.do
Tire battery accessory dealers
do
6, 360
3. 690
3,475
5, 682
2, 961
2, 740
221
5, 328
2, 667
2, 457
210
2 5, 891
3. 230
3, 003
227
6, 040
3,398
3, 181
217
5, 937
3, 458
3, 250
208
6, 303
3, 582
3, 350
232
6, 080
3, 375
3, 157
218
6,010
3, 353
3,142
211
5, 687
3,005
2 796
209
5, 779
3,211
3, 016
195
r 205
6, 133
3, 440
3,238
202
Furniture and appliance group _
_ _ d o ___
Furniture, homefurnishings stores
_ _ do _ _ _
Household-appliance, TV, radio stores. _do
924
578
346
935
588
347
903
570
333
916
572
344
917
581
336
868
544
324
926
595
331
918
584
334
882
562
320
907
875
'899
893
330
317
r 221
318
Lumber buildin r r hardware group
Lumber, building materials dealerscf
Hardware stores
951
728
223
971
755
216
988
773
215
967
727
240
1,003
762
241
912
682
230
999
738
261
989
743
246
983
739
244
981
728
253
953
723
230
'917
686
'231
951
716
235
11,981
1,080
203
433
252
192
12, 160
1,119
215
439
268
197
12,157
1,150
219
454
277
200
12,199
1,164
230
451
271
212
12, 060
1, 119
215
436
264
204
12,297
1,137
221
429
277
210
12, 608
1, 168
212
455
277
224
12, 400
1, 117
213
435
270
199
12, 494
1,125
215
437
270
203
12, 420
1,119
204
451
257
207
12,411
1,162
222
460
266
214
do
do
do..
__ do___
_ _ _ do
609
1, 335
4, 294
3,828
1,435
607
1, 306
4, 390
3,916
1, 438
612
1, 351
4, 363
3,886
1, 423
627
1, 332
4, 395
3,912
1,449
627
1,297
4,412
3, 933
1,423
012
1,309
4,511
4,032
1, 453
623
1,380
4,439
3, 964
1,496
619
1, 342
4, 566
4,088
1, 451
619
1,355
4,604
4, 123
1,462
629
1,348
4,474
3,994
1,474
628
1,315
4, 526
4,048
1, 456
'
'
'
'
'632
1,332
4, 425
3, 969
1, 466
634
1,338
4,499
4, 033
1,477
__do
do
do
do
-do ._
1,940
1,139
143
312
388
1, 966
1,141
150
332
401
1,991
1,157
147
327
393
1,967
1,155
140
320
393
1,901
1,088
141
330
403
1,942
1,114
149
327
396
2,123
1,251
165
332
409
1, 936
1,114
148
334
406
1,974
1, 146
149
334
419
2,004
1,185
151
326
416
1,978
1,127
153
343
418
' 1, 972
' 1, 141
151
328
'404
2, 023
1, 200
158
319
398
do __
do
do __
25, 130
11,130
14, 000
25, 190
10, 950
14, 240
23, 370
10, 660
12,710
23, 660
11,180
12, 480
24, 640
11,790
12, 850
25, 800
12. 230
13, 570
25, 790
12, 290
13, 500
25, 800
12, 360
13, 440
25, 340
12, 180
13, 160
25, 100
11, 990
13, 110
24, 960
11,480
13, 480
' 25, 020 25, 900
'11,040
11,600
' 13, 980 14, 300
do __
do
do. _.
do
do _ _
24, 710
1 1 , 590
4. 960
1,990
2, 290
24, 230
11,010
4,380
2,010
2, 290
24, 310
10. 980
4, 260
2.010
2,330
24, 490
11, 260
4, 540
1,990
2, 350
24,810
11,590
4, 870
2, 020
2, 340
25, 120
11,640
4, 950
2, 010
2,310
24, 960
11,630
4, 970
2.030
2, 290
25, 200
11,760
5,100
2, 020
2, 300
25, 320
11,820
5,140
2, 050
2, 310
25. 420
11, 900
5,180
2,090
2,280
25, 200
11.650
4,920
2, 100
2,270
' 25, 340
'11. 760
' 5, 070
2, 060
' 2, 290
25, 240
11, 830
5, 110
2, 030
2, 360
do
13, 220
2, 730
2, 920
4,200
13, 330
2, 780
2, 940
4,280
13, 240
2, 740
2, 960
4, 250
13, 220
2,720
2, 980
4, 230
13, 480
2, 790
3, 050
4, 290
13, 330
2,710
3, 070
4, 220
13,440
2, 730
3, 060
4, 280
13, 500
2,740
3, 040
4,360
13, 510
2, 750
3, 040
4, 390
13, 550
2,780
3, 040
4,420
13, 580
' 2, 790
3,020
' 4, 410
13,410
2, 770
2,990
4, 290
General merchandise group 9
-Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Liquor stores
do
do
do
Nondurable goods stores 9
Apparel group
_
Men's and boys' wear stores
Women's apparel, accessory stores _
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores _
Gasoline service stations
__ _.
do
do
do
do _
do __
do
General merchandise group 9 - - Department stores, excl mail-order
Mail-order (catalog sales)
Variety stores
Liquor stores
Estimated inventories, end of month:
Book value (unadjusted), total
Durable goods stores
Nondurable goods stores
_
*
Book value (seas, adj.), total
Durable goods stores 9
Automotive group
Furniture and appliance group
Lumber, building, hardware group
2
2
'608
' 1, 389
' 4, 531
T
4, 069
' 1,471
* 4, 508
' 4, 045
' 1. 501
' 1, 928 ' 2, 083
' 1, 240
1, 134
148
163
309
320
'398
405
r
18, 054
" 5, 797
r
3. 176
' 2, 971
' 18, 554 i 18, 551
r
' 12, 257 ' 12. 421
1,122
1,122
' 210
212
'447
450
'256
262
'209
198
Food group
do
General merchandise group
do
._
do___
4, 836
4,559
6,249
2
3, 987
3,817
4,289
4,932
4,479
4,650
4,552
4, 556
' 4, 757
4,872
--
do
4,243
3,995
5,480
2
3, 468
3,289
3,687
4,253
3,848
4,009
3, 930
3,916
' 4, 075
4, 145
Apparel group 9
do
Men's and boys' wear stores
do
Women's apparel, accessory stores.. _ __ do
Shoe stores
do __
273
20
114
82
269
23
113
76
461
42
205
122
191
16
75
64
169
12
70
56
219
15
91
70
337
23
136
117
252
17
108
83
260
20
107
87
209
15
91
69
229
14
102
75
270
15
110
94
276
20
119
82
Drug and proprietary stores
Eating and d r i n k i n g places
Furniture, homefurnishings stores
do
do
do
101
83
39
98
76
41
160
81
44
101
76
25
96
73
34
99
78
38
104
84
36
102
85
37
106
86
41
106
91
35
104
90
38
106
84
38
109
87
41
General merchandise group 9
__ _
Department stores, excl. mail-order
Variety stores
Grocery stores
__
______
_.
Lumber, building materials dealerscf
Tire, battery, accessory stores
do__.
do. _
do _ _
do___
do
do
1,318
799
252
1, 807
77
88
1,370
809
256
1,558
65
78
2,220
1,241
533
1, 794
58
106
903
543
174
1, 670
46
63
870
502
188
1, 553
46
62
1,035
616
204
1,690
51
69
1, 306
782
270
1, 796
64
87
1,154
690
232
1,622
71
88
1,205
733
241
1,690
76
94
1,081
646
227
1, 792
73
88
1,225
711
247
1,624
78
84
1, 221
730
237
1,764
73
77
1, 316
795
246
1, 706
75
81
Firms with 4 or more stores:
Estimated sales (unadjusted), total _ _ _
Firms with 11 or more stores:
Estimated sales (unadjusted), total 9
Estimated sales (seas, adj.), total 9
_.do
2
r
3,921
3, 934
3,939
3, 992
3,893
3,954
4,092
4,005
4,105
4,108
4,079
4, 099
4,090
Apparel group 9 Men's and boys' wear stores
Women's apparel, accessory stores _
Shoe stores
do
do
do. _ _
do
248
18
106
78
258
19
108
82
267
20
116
81
269
21
112
88
260
19
108
84
251
18
104
84
270
20
114
86
257
19
107
82
260
19
110
82
258
19
109
79
274
20
114
85
267
19
113
85
267
18
118
83
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores
do
do _.
do
101
79
34
104
79
37
108
78
37
108
83
31
105
81
37
102
80
38
109
87
37
105
85
38
109
83
41
110
86
40
109
83
38
111
83
39
112
84
38
1,214
General merchandise group 9
do
1,209
1, 205
1,293
1,220
1,305
1,238
1,280
1,211
1, 166
726
778
704
Department stores, excl. mail-order
do
709
698
765
675
724
788
724
244
252
264
251
255
Variety stores. _ _ _
_ do.. _
251
253
260
264
246
Grocerv stores
do. .
1, 654
1,651
1,664
1, 694
1,710
1, 652
1,736
1,715
1,687
1. 688
66
64
59
64
66
67
68
66
65
Lumber, building materials dealerscf
do
66
88
80
82
81
80
Tire, battery, accessory stores
do
86
83
84
83
83
2
'Revised.
* Advance estimate.
Beginning January 19f 0, data foi• Alaska aiid Hawai i are inclu ded.
9 Includes data no t £ hown sep arately.
materials dealers, and paint, plumbing, and electrical stores.
1,261
732
266
1,724
64
78
1,262
747
255
1, 740
63
82
1, 279
771
248
1,709
66
38
2. 255
],354
r
13,120
2, 700
2, 920
4, 130
Nondurable goods stores 9
1
603
1.315
4, 427
3. 948
1,475
' 624
' 1,373
ofdol _
do
do
do
do _ _
i 6. 007
1
12. 544
cf Com prises lum her yards , building
SURVEY OF CURRENT BUSINESS
December 1060
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-ll
1960
1959
January
DecemOctober November
ber
February
March
May
April
June
July
August SeptemOctober November
ber
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores:
Accounts receivable, end of month. 'J
Charge accounts
1947-49=100
Installment recounts
do_
Ratio of collections to accounts receivable:
Charge accounts
..percent
Instalment accounts
-- - do
Sales by tvpe of payment:
Oash sales
percent of total sales- _
Charge account sales
-- do. _
Installment sales
- do
Sales, unadjusted, total U.S
Attonta
Boston
Chicago
Cleveland
Pallas
Kansas City
- - -_ -
168
388
186
405
249
458
214
463
178
449
161
438
170
434
168
429
164
427
152
429
152
408
162
418
172
425
48
15
48
15
47
15
45
14
45
14
48
16
44
15
44
15
48
15
45
14
47
15
46
15
47
15
42
43
15
43
42
15
44
42
14
43
41
16
42
42
16
42
43
15
43
43
14
43
42
15
43
42
15
44
41
15
43
42
15
42
43
15
41
43
16
1947-49=100-
'151
176
260
111
106
115
150
138
137
122
132
145
v 153
d°
- -^°- _ - _ _ _ _ d o _ _.
_ _ . do
do
do___
186
131
217
325
139
137
149
194
173
165
165
170
172
142
'143
177
162
154
164
170
208
179
251
233
252
291
206
99
101
105
135
115
93
95
105
122
105
95
108
113
143
119
133
139
144
172
154
124
130
135
159
150
123
129
131
156
146
95
113
116
156
140
106
123
128
165
154
131
136
140
1879
- do__ _
do -do
do_ - --do.
do
150
141
••146
lf>5
151
154
148
170
183
190
177
181
230
245
257
289
250
281
98
108
108
112
111
121
99
102
102
105
102
121
105
107
113
114
110
126
139
137
153
165
150
153
127
127
134
143
144
145
133
130
134
139
134
147
1C9
101
108
129
119
142
132
109
114
135
134
154
do
••148
146
146
146
142
138
154
141
145
149
143
144
p 150
--do
do
do_
do_
do,
do.
188
129
139
••142
173
162
189
129
135
138
179
156
185
129
134
141
170
155
180
131
134
139
171
156
175
130
127
136
163
144
162
122
125
139
164
142
192
134
145
144
181
164
176
125
132
139
159
150
183
129
134
139
170
154
194
125
141
143
175
159
178
124
134
139
169
151
1R5
126
132
140
166
154
p
p
p
p
p
137
134
131
134
140
156
149
155
133
135
140
156
143
158
137
135
146
156
150
156
135
133
143
149
134
158
123
126
134
140
131
157
147
144
151
168
159
159
133
131
136
144
143
153
137
135
144
149
144
153
136
135
142
156
144
159
132
137
136
149
140
155
134
136
139
153
138
155
v
p
P
p
p
p
158
182
160
145
161
144
161
152
160
165
162
165
159
163
161
157
165
158
167
165
169
176
168
v 186
p 167
bil of dol
do
do_ _
13.0
12 5
13 0
11 3
11 4
12 5
4.6
7.9
4.1
7.2
¥> 3
4.6
8.4
4.2
7.2
4.5
8.0
12 2
4. 6
11 6
7.6
7.7
12 8
4 8
80
13 0
4 7
8 2
12 7
4 6
81
12 7
4.8
8.1
___do
do _
do
12.8
6.5
12.9
6.4
12.6
6. 4
12.7
6.5
12.7
6.7
12.9
6.9
12.9
6.9
6.3
6.4
6.2
6.2
6.0
6.0
6.0
12.9
70
59
12.9
7 0
59
13.0
7 0
59
13.1
7 o
6 1
'13.5
6 9
T
6. 3
13.5
6 8
C 7
-
~-
ATinnofi polis
New Vork
Philadelphia
Richmond
St Louis
San Francisco
-- --
Sales seasonally adjusted, total U.S. 9
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
—
--
IVHnnennolis
New York
Philadelphia
Richmond
St Louis
San Francisco
_
_.
__
__
__do
do. _
do
do_ _
do
do
Stocks, total U.S., end of month:
Unadinsted
Seasonally adjusted $
--
- ~-do__ _
do
r!42
158
148
158
'176
13
143
145
151)
1 7*)
159
164
'144
152
147
149
r
138
141
154
142
!52
* 174
pl6<)
M52
p 156
P |44
189
129
140
144
172
Pl64
138
140
145
162
149
160
WHOLESALE TRADE
Sales estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments
Inventories, estimated (unadj.), total
Durable goods establishments
Nondurable goods establishments
.
4 6
42
7 3
4 fi
8.2
EMPLOYMENT AND POPULATION
POPULATION
Population, United States:
Total, incl armed forces overseas§_
178, 522
178,782
179,017
123, 785
123, 908
124,034
72, 629
71, 839
71,808
70, 103
66, 831
6, 324
60, 707
3,272
69,310
65, 640
5, 601
6,0, (140
3 670
69, 276 i 68, 168
65, G99 i 64, 020
4, 81 1 1 4,611
60, 888 1 59, 409
1
4 149
3,577
4 7
6.0
5 3
5.9
5 2
5 5
th on sands _-
51, 155
52, 068
52, 225
Employees on payrolls (nonagricultural estab.):
Total, unadj. (excl. Alaska and Hawaii) A-thousands_
Manufacturing
do
Durable goods industries _
do
Nondurable goods industries
do
52, 569
16, 197
9, 168
7,029
52, 793
16,280
9 313
6,967
53,756
16, 484
9 577
6, 907
621
47
16
145
660
67
16
164
299
114
298
114
thousands.
179,245
179, 452
1 79, 647
179, 864
180, 078
180, 299
180 529
180 793
181, 085
181 369
124,606
124, 716
124 839
124 917
125 033
125, 162
125 288
195 499
125 717
125 930 j |26 222
i 70, 689
70, 970
70, 993
72S 331
73, 171
75, 499
75, 215
74, 551
73, 672
73, 592
1
68, 449
64, 520
4, (519
59 901
3 931
68 473
64,267
4, 565
59 702
4 206
69, 819
66,159
5, 3S3
60 765
3 660
70 667
67, 208
5,837
61 371
3 459
73 002
68, 579
(i, 856
61 722
4 423
72 706
68, 689
6, 885
61 805
4 017
72 070
68, 282
6, 454
61 8°8
3 788
71 155
67, 767
6, 588
61 179
3 388
71 Qfiq
67, 490
6, 247
61 244
3 57f*
1
71 213
i 67, 182
i 5, 666
i 6] 5 if,
i 4 031
5 7
4 8
61
5 4
5 2
5 0
4 9
4 9
6 1
5 5
5 5
5 4
5 3
5 9
4 8
5 7
5 0
6 4
i f) 7
53, 746
53, 845
52, 587
51, 862
49, 663
50, 074
50, 948
52, 045
52, 344
i 52. 476
52, 078
16,470
9 640
6, 830
52, 060
16, 520
9 680
6, 840
52, 172
16, 478
9 630
6, 848
52, 844
16, 380
9 548
6, 832
52, 957
16,348
q 516
6, 832
53, 309
16, 422
9 504
6, 918
52, 923
16, 250
9 34?
6, 908
53, 062
16, 386
9 296
7, 090
668
70
16
174
658
73
16
173
669
89
16
173
666
93
14
172
677
95
13
169
677
96
167
681
97
12
164
655
94
1]
140
672
95
11
156
663
94
12
151
657
c)3
12
l r )l
297
112
291
105
288
104
285
103
287
113
286
116
292
117
292
118
292
118
289
117
2S4
117
EMPLOYMENT
N on institutional population, estimated number 14
years of age and over totalc"
thousands
Total labor force, including armed forces
do
Civilian Inbor force, total 0 - _ _ . _ _ _ _ do _
Employed
do
Agricultural employment
do
Nonngricvltural
employment
~
do
1
Un em p oy ed
do
Percent of civilian labor force:©
Seasonally adjusted
Not in labor force
Mining, total
do
Metal
_ _
do
Anthracite
do .
Bituminous coal
_ _
do
Crude-petroleum and natural-gas production
thousands.Nonmetallic mining and quarrying
do
r
1
i6 i
1
52
153,917
I')
73, 746
j Q y
' 53, 496 ' 53, 386 P 53, 243
' 16,310 " 16, 165
r q 3()g
r 9 40'-$
t, (f 2(')g
' 7, 102 r 1, 002
f 6, 897
'16,505
v fifi4
Revised.
p Preliminary.
i See note marked "cf".
I Revised beginning August 1959 to include data for Hawaii.
9 Revised for a number of months in recent years to reflect
updating of seasonal factors: revisions prior to April 1959 will be shown later. §Estimates for Alaska and Hawaii are included effective with February 1959 and September 1959 respectively
preliminary estimate of civilian population in Alaska (Jan. 1,1959), 153,000 persons an din Hawaii (Sept. 1, 1959), 603,000 persons. Revisions for February 1957-August 1958 are shown in the
November 1959 SURVEY (bottom p. S-ll). © For 1947-59 figures, reflecting adjustments of 1947-56 data to new definitions adopted January 1957 and use of revised factors in computing
the seasonally adjusted unemployment rates, see pp. 22 and 23 of the April 1960 SURVEY.
cf Data beginning January 1960 include figures for Alaska and Hawaii; January 1960 estimates for these States (thons.): Noninstitutional population, 500; civilian labor force, 282; employed persons,
266; nonagricultural employment, 229. Estimates for agricultural employment and unemployment can be regarded as comparable with pre-1960 data
Alotal
employment in U.S., including Alaska, and Hawaii (thous.): 1960—September, 53,743; October, 53,626; November, 53,480,
SURVEY OF CURRENT BUSINESS
S-12
December 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemOctober November
ber
January
February
March
April
May
June
July
August
s
xr
October
ber
' 3, 069
3,907
876
91
892
708
585
' 3, 008
3,888
871
88
902
704
578
* 2, 851
p 3 868
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls of nonagricultural est., unadjusted — Continued
Contract construction . . _ _
..thousands..
Transportation and public utilities 9
do. _
Interstate railroads
do
Local railways and bus lines
do
Trucking and warehousing
do __
Telephone
do
Gas and electric utilities
__do
Wholesale and retail trade __ __
Wholesale trade
General merchandise stores
Food and liquor stores
Automotive and accessories dealers
Finance, insurance, and real estate
Service and miscellaneous 9
Hotels and lodging places
Laundries
Cleaning and dyeing plants
Government
2,061
3.910
893
92
898
703
578
2,856
3,912
898
92
893
703
577
2,699
3,940
920
91
897
701
576
2,453
3.882
901
91
876
698
574
2, 389
3,887
900
91
878
699
574
2.312
3. 900
904
91
883
700
568
2,590
3,917
910
91
881
703
574
2,830
3,924
914
91
880
704
575
2,977
3,942
920
91
887
707
582
3,098
3,939
912
91
879
714
589
do
do
do
11,551
3,121
8 430
1, 521
1, 627
802
11, 723
3,141
8 582
1, 628
1, 646
804
12, 345
3, 155
9 190
2,025
1,663
815
11,424
3,113
8 311
1,465
1. 630
800
11.329
3,114
8 915
1,402
1.635
801
11,325
3,111
8 214
1.404
1,634
801
11, 620
3,120
8 500
1,511
1,649
815
11,543
3,111
8 432
1 , 466
1 , 649
819
11, 637
3,129
8 508
1. 462
1,656
827
11,591
3,138
8 453
1,433
1.660
824
do
do
do
do
do
do
2,441
6,614
476
312
174
8,274
2,438
6, 593
470
311
175
8, 331
2,438
6, 547
463
309
173
8, 635
2, 429
6,474
453
307
172
8,288
2,439
6.484
460
306
170
8,343
2,444
6,511
459
305
169
8,536
2, 463
6, 644
479
308
177
8, 553
2,469
6,717
497
312
179
8,449
2,496
6,745
524
315
181
8,409
2,530
6,715
592
316
176
8,145
2, 536
6. 685
591
310
171
8,140
52, 002
16,022
9, 129
6,893
52, 253
16,174
9, 266
6,908
52, 674
16, 436
9, 542
6,894
52, 880
16, 562
9, 655
6, 907
52, 972
16,567
9, 667
6, 900
52, 823
16, 509
9, 603
6.906
53, 128
16, 527
9, 552
6, 975
53, 105
16,540
9, 537
7,003
53, 140
16, 498
9,499
6,999
53. 145
16^417
9, 452
6, 965
53, 046
16, 265
9, 338
6,927
' 52, 998
' 16, 275
' 9, 391
' 6, 884
621
2, 762
3,900
11,478
2, 453
6, 549
8,217
657
2,792
3, 902
11.452
2, 450
6, 593
8, 233
665
2,800
3,917
11,486
2, 450
6,613
8,307
658
2, 775
3, 941
11,594
2, 454
6, 606
8,290
669
2,781
3, 933
1 1 , 627
2. 464
6, 61 6
8.315
666
2, 601
3,920
11,595
2, 456
6,577
8,499
684
2, 752
3, 924
11,652
2, 463
6,011
8,515
684
2,783
3,927
11,675
2,469
6,618
8,409
678
2,790
3,926
11,712
2,471
6,645
8, 420
658
2, 858
3,910
11,736
2, 480
6,682
8,404
660
'2,800
3,879
12, 274
6,922
73
12, 466
7,173
74
12, 449
7,230
74
12, 494
7. 268
75
12,435
7,205
75
12, 334
7,123
74
12,292
7,084
73
12, 332
7. 056
72
599
295
327
457
975
584
286
328
452
1,039
561
277
327
443
1,048
561
277
328
445
1,052
556
275
327
443
1,043
569
282
327
448
1,020
592
289
324
452
993
_.do
do
Total, seas. adj. (excl. Alaska and Hawaii) A--do
Manufacturing
__do_ .
Durable goods industries _
do
Nondurable goods industries
do
Mining
Contract construction
Transportation and public utilities
Wholesale and retail trade _
Finance, insurance, and real estate Service and miscellaneous
Government, _
do
do
do_ _.
do
_ do _
do
_ do _
Production workers on manufacturing payrolls, unadj. :
12, 201
Total _
__ __
thousands
6,786
Durable goods industries
do
73
Ordnance and accessories _
do
Lumber and wood products (except furniture)
612
thousands. .
300
Sawmills and planing mills
do
329
Furniture and fixtures _
do
458
Stone, clay, and glass products _ _ _
do
602
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
119
thousands
3,130
3,921
905
90
877
714
585
11,592 ' r11,665
3,153
3, 153
8 439 T g 512
1,452
1, 504
1, 641
1,641
815
820
11, 733 P ! 1,878
' 3, 161 p 3 174
' 8 572 P g 704
1,555
1,647
814
' 2, 515 ' 2, 500 p 2, 497
' 6, 698 ' 6, 706 P 6, 672
509
464
307
306
175
180
' 8, 474 ' 8, 584 p 8, 658
' 52, 806
' 16, 131
' 9, 270
' 6, 861
p 52, 704
p 16, 069
p 9, 224
p 6, 845
665
2, 835
3,892
11. 764
2,499
6, 652
8,474
657
' 2, 806
3,878
r 11,665
11,659
' 2, 515 ' 2, 513
' 6, 665 ' 6, 640
' 8, 539 ' 8. 522
p 651
p 2, 787
v 3, 858
p 11, 604
p 2, 510
p 6, 672
P 8, 553
12, 145
6,888
72
12, 265
6,833
72
' 12, 399 ' 12, 225 p 12, 071
' 6, 949 ' 6, 868 *>6 822
74
72
*>74
617
296
327
456
970
606
291
321
450
924
607
293
327
452
910
'598
285
328
449
'905
'580
276
'326
'442
'894
*564
*319
^432
"882
493
528
532
532
526
511
495
469
439
431
'418
411
812
1,147
893
1,208
623
435
107
232
420
800
1,136
882
1,026
439
429
118
232
415
841
1, 166
892
1,172
593
422
116
232
393
857
1,179
892
1,239
658
416
121
230
379
863
1,191
890
1,245
675
412
109
231
388
854
1,186
879
1,221
652
407
110
230
392
837
1, 176
860
1,187
623
398
113
230
395
836
1,159
855
1,174
616
388
115
228
397
840
1,154
859
1,127
615
348
111
228
405
817
1,130
850
1,105
574
358
119
223
389
819
1,112
861
1.036
509
365
118
226
410
'835
' 1, 104
'877
' 1, 135
597
'367
119
'225
'418
'833
' 1, 086
'846
' 1, 149
612
308
119
' 223
'417
5,415
Nondurable goods industries_ __
do
1, 080
Food and kindred products 9 - _
do
233
Meat products
do
226
Canning and preserving
do
166
Bakery products
do
93
Tobacco manufactures . _
do
885
Textile mill products 9
do
372
Broadwoven fabric mills
_
do
208
Knitting mills
do
1,100
Apparel and other finished textile prod do
454
Paper and allied products „ __
do
222
Pulp, paper, and paperboard mills
do
570
Printing, publishing, and allied industries. -do
540
Chemicals and allied products..
do.
207
Industrial organic chemicals
do
151
Products of petroleum and coal
do
116
Petroleum refining
do
212
Rubber products
do
331
Leather and leather products
do
Production workers on mfg. payrolls, seas, adj.:
Total.
_
thousands
12, 030
6, 746
Durable goods industries
do
5,284
Nondurable goods industries
do
Production workers on manufacturing payrolls:
Indexes of employment:
Unadjusted
1947-49=100__
98.6
Seasonally adjusted
.
do
97.3
Miscellaneous employment data:
Federal civilian employees (executive branch):
United Statesf
thousands
2 176 7
Washington, D.C., metropolitan area
do
208.8
Railroad employees (class I railroads):
Total . __ _
thousands
804
Indexes:
Unadjusted
1947-49=100__
60.9
Seasonally adjusted
do
62.2
5. 352
1,032
244
178
166
82
876
370
204
1,107
452
222
570
539
207
154
115
209
331
5, 293
990
245
150
163
81
807
370
196
1, 103
451
222
571
537
207
155
116
208
332
5, 219
954
241
136
161
78
8!iO
368
190
1,091
447
223
562
536
208
154
116
208
329
5. 226
939
237
134
161
76
860
367
191
1,111
446
222
565
537
208
155
117
209
329
5,230
934
234
134
161
71
863
368
195
1,118
446
222
568
540
209
154
116
208
328
5, 211
960
232
152
162
69
801
307
197
1,082
448
222
568
551
209
154
116
201
317
5,208
967
236
151
161
68
863
305
201
1,079
449
223
567
547
210
155
117
198
315
5, 276
1,015
242
173
164
68
867
365
205
1,085
452
226
572
540
211
156
118
198
323
5, 257
1,064
243
219
165
69
848
360
197
1,060
444
222
568
537
211
153
117
192
322
5.432
1,142
246
297
163
31
859
360
206
1, 107
451
226
573
538
210
154
117
196
331
' 5, 450 ' 5, 357 p 5, 249
'1,171 ' 1, 104 p 1, 032
248
248
249
'325
164
165
97
' 94
P 81
' 839
850
"832
356
351
203
201
' 1,094 ' 1, 080 p 1, 074
452
^446
'448
295
223
'578
' 585
P585
' 540
' 537
p536
'207
208
150
' 150
p 148
115
114
•» 196
198
' 198
'321
p319
318
12, 169
6,873
5,296
12,417
7,137
5, 280
1 2, 536
7, 244
5,292
19,537
7, 255
5,282
12 462
7,179
5. 283
12, 472
7, 126
5,346
12 476
7,106
5, 370
12 407
7,051
5,356
12 321
7 000
5 321
99.2
98.4
100.8
100.4
100. 6
101.4
101.0
101 4
100.5
100.8
99.7
100.8
99.4
100.9
99.7
100 3
98.2
99 6
99.2
98 3
2 200 3
209.5
!2,500 1
i 217. 5
2 158 7
210.0
22 212 9
218 1
2 213 3
218.5
2 213 9
217 9
2 192 9
213.6
2 188 9
214 0
834
r g24
817
787
v 7g2
Fabricated metal productsd"
Machinery (except electrical)
Electrical machinery
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
.
Miscellaneous mfg. industries
do
do
do
do
do
do
do
do
do.__
810
826
813
2
2 160 5 2 22 339 7 22 342 9 2 22 220 2
212. 2
212. 2
211. 9
210.9
812
816
824
828
2
^818
P 1, 084
P863
P 1, 154
P222
P409
12 158 ' 12 176 ' 12 048 p 11 974
6 875 ' 6 937 ' 6 8^9 P 6 775
5 283 ' 5, 239 ' 5,219 p 5, 199
100.2
' 98 4
'98.8
'97 4
^97.6
?96 8
P 765
61.8
61.2
62.2
"58.9
60.9
f 57.6
62.7
59.4
62.0
61.5
62.6
61.7
61.4
61.3
60.7
60.4
'59.3
61.0
» 59.0
»60.1
r
2
Revised.
» Preliminary.
1 Includes Post Office employees hired for Christmas season; there were about 307,100 such employees in the United States in December 1959.
includes
the following number of persons hired for the decennial census: Total U.S.. 180,000 (March); 181,100 (April); 53,700 (May); 15,600 (June); Wash., D.C.area, 680 (March); 910 (April); 340 (May);
240 (June).
9 Includes data for industries not shown.
efExcept ordnance, machinery, and transportation equipment.
ATotal employees, incl. Alaska and Hawaii (thous.): 1960—September, 53,242; October, 53,044; November, 52,938.
^Employees in Alaska and Hawaii are included effective with January
1959 and August 1959, respectively. For all branches of the Federal Government, civilian employees in Alaska (at the end of January 1959) totaled 13,200 persons and in Hawaii (at the end
of August 1959) 21,900 persons.
60.8
62.2
61.7
63.0
60.9
60.4
SUKVEY OF CURRENT BUSINESS
December 1960
S-13
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemOctober November
ber
January
February
March
April
May
July
June
August
Septem- October November
ber
EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS
259.4
239.1
165. 9
95.9
221.8
166. 8
104.4
214 8
175.4
110 5
185 4
175. 5
105 4
180 2
173.9
104 4
176 1
172.6
106 5
207.9
168.8
108. 7
2-30. 5
171. 5
107.8
246 9
172.5
108 4
262 8
169.0
103 3
267.9
169.2
104.5
40.3
2 8
40.9
2 8
41.3
39
2
40
2
41
9
6
1
5
3
40 6
2 7
41.1
2 7
41 8
40
2
41
2
41
39
2
40
2
41
8
6
4
7
1
39 7
2' 5
40 3
2 *
41 5
39.3
2 1
39.9
2 1
40.8
39.9
2 4
40.4
2 4
41.3
40
2
40
2
40
39
2
39
2
40
8
4
9
3
0
39.8
2 4
40.0
2 3
40.0
'39.6
40.8
40 7
41.8
41.2
39.9
40.1
40 3
41 1
40.8
38 8
40.2
40 7
41 8
41.0
41 1
39.3
39 7
40 3
40.4
41 1
39.4
39 4
40 3
40 2
40 3
38.8
39 o
39 1
39 9
40 1
39.9
40 6
39.9
40.3
39.4
40.1
40 9
40 1
40.9
38 9
40.5
41 0
40 2
41.0
38 9
39.3
39 9
40 0
40 8
38 7
39.6
40 2
40.8
41.0
38.1
38.0
41 0
41 2
40.8
37
40
40
40
41
41
41
41
41
41
41
40
40
40
41
39
39
40
41
40
9
5
2
1
39.3
39 9
40.8
39.2
38.1
40 8
41 3
39.9
37 7
40 9
41 2
40. 1
37
40
40
39
2
5
9
3
-do
do
do _
do
do
do._ _
40.6
41 1
40.7
38 3
41. 1
40.7
39.2
38 2
40 6
38 5
41 0
40.4
40.7
40 9
41 0
39 1
41 3
40.6
42.0
43 7
40.6
38 9
40 6
40.1
40.8
41 5
40 6
39 2
40 2
39 9
40. 6
40 8
40 8
39 4
40 8
40 3
39.7
39.5
40.1
39.5
40.1
39.2
40.9
41 1
41.0
40 1
40.5
39.9
40.5
40 6
40.8
39 7
40.7
39.9
39.5
2.8
40.8
43.3
38.0
40.2
39. 6
2 7
41.0
43 3
30. 9
40 1
39.8
2 7
41.1
42 4
38. 5
40 2
39.4
2 6
40.6
42 2
38.4
39 4
39.0
2 5
39.6
39 2
37 8
39 7
38.8
2 4
39.7
39 1
37 5
39 9
38.6
2.2
39.8
39.4
37.7
39.9
39.3
2 5
40.6
40 8
38.7
40 3
40.2
40 5
41.5
38 7
38
40
41
38
39
40
42
38
7
8
0
1
38 4
40 3
41.5
37 3
36
40
41
37
34
39
40
36
8
4'
7
5
36.0
39.6
40.6
37.3
38
40
41
38
Apparel and other finished textile prod
do
Paper and allied products _
do __
Pulp, paper, and paperboard mills
_do
Printing, publishing, and allied industries __do
36.2
42.9
43.9
38.4
36.7
42.7
44.0
38.3
36.5
42 7
43.9
39.0
36.0
42.5
43.8
38.3
36.2
42 1
43 5
38.0
35.8
42 1
43 4
38.2
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refining
Rubber products
Leather and leather products
41.6
41 4
40.8
40.2
40.8
36.2
41.7
41 6
41.0
41.2
39.7
37 3
41 9
41 9
40. 6
40.6
40.8
37 7
41.3
41 3
40.2
40.0
40.7
37 9
41 3
41 3
40 3
40.2
40.0
37 2
41 1
40.4
30. 0
37.9
40 7
41 7
34.0
35 8
42 1
42 2
34.2
40 9
40
42
31
38
39
40
27
37
40.4
44.3
41.2
43.2
40 5
43.3
41 1
41.8
37 0
40.6
36.0
35 7
38 9
34.8
36 7
39 4
36. 1
42.6
39.9
41.3
42.8
40 7
41.3
42 9
39 2
40.9
Construction (construction workers)
Manufacturing (production workers)
Mining (production workers)
1947-49=100—
do
__ do
259.0
* 170. 0
101.4
p 167. 3
39.6
r
2.4
MO.
1
T
2. 4
p 39. 3
p 2. 2
p 39. 8
p2. 1
v 40. 4
'39.9
40.2
40.5
r
40. 5
38.0
39.6
39.7
MO. 5
MO. 9
'37.9
p 39. 0
p 39.9
P40.6
p 37. 9
36.6
41 0
40 5
39.9
36.5
MO. 7
40.3
40.1
36.4
40 6
40.4
MO. 2
p 40 2
P 40. 0
P40. 1
40.2
40 0
41 1
39 3
40 4
39. 4
39.6
38 8
40.9
39 5
40 5
40.0
MO. 2
40.6
40.6
37.4
MO.
1
r
39. 5
Ml. 0
41. 5
41.0
39 5
40.4
MO. 1
P40.5
39.5
2.5
40. 6
40 7
37.7
40 8
39.6
2 6
41.1
41 2
39 5
40 9
39.5
2 5
41.2
41.2
40.9
40.4
'39.1
2.6
Ml. 6
41.5
42.2
40.3
'39.0
2.5
40.8
41.1
39.3
40.5
p 38. 6
p2. 3
P40.2
1
1
0
3
39.3
40 2
41. 1
38 6
37
39
40
38
6
7
6
4
37.9
39 7
40 3
38 6
MO. 3
38 3
38.7
37 6
MO. 2
p37. 7
p 38 7
35.1
41.8
43.1
37.8
36.3
42 o
43.6
38.4
36.3
42.6
43.7
38.1
36.4
42 5
43 8
38.2
36.7
42 5
43. 6
38.3
'35.4
M2. 3
43.4
'38. 6
' 35. 6 v 34. 9
M2. 1
P41 5
43.2
38.4
P38.2
41 3
41 3
40 3
40 2
39.4
37 1
42.1
41.9
40.8
41.0
38.3
35. 4
41.6
41 8
40.7
40.9
39.7
36 3
41.9
42 2
41. 1
40.8
40. 6
37 8
41 6
41 9
41 5
41.2
40. 6
38 4
41.3
41 2
40. 7
40.3
39. 9
38 1
41.3
41 1
41.3
41.1
39.0
35.9
Ml. 2
40 8
MO. 7
40.6
39.8
T
36 0
40
49
36
38
8
o
2
8
41 1
42 7
29 2
37.4
41
42
29
36
41
'41
34
37
40
41
34
35
7
6
4
0
40 1
41 6
30.8
33 2
40
40
34
33
39 9
41 2
40 4
41 1
40.7
43.8
41 0
43.9
40 4
45.2
40 9
45 0
40 3
44.9
41.0
44.2
40 9
44.5
35 1
37 5
34.6
35 0
38 2
34 3
35 0
39 1
34 2
36 9
41. 1
35.9
36 9
40 7
35. 9
37 4
41 6
36.3
37 8
42 2
36 7
37 9
42 3
36 7
37 2
42 0
36.0
37 8
42 7
36 6
42.3
38 8
40.9
42 5
39 2
40 6
42 7
39 1
40 7
42.7
38 9
40.8
43.2
39 2
40.8
43 5
39 4
40 8
43 2
39 8
40 9
43 2
39 5
40 8
42.9
40 8
41 8
42 6
39 8
41 4
' 172. 5
101.6
HOURS AND EARNINGS
Average weekly gross hours per worker on payrolls of
nonagricultural establishments:
All manufacturing industries _
hours. _
Average overtime
do
Durable goods industries
_
_ __ _ do
A verage overtime
do
Ordnance and accessories
do __
Lumber and wood products (except furniture)
hours. _
Sawmills and planing mills
do
Furniture and fixtures
-do
Stone, clay, and glass products
_do
Primarv metal industries
do
Blast furnaces, steel works, and rolling mills
hours.
Fabricated metal products o"
do
Machinery (except electrical) _
do
Electrical machinery
do _Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
_
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries. _
Nondurable goods industries
Average overtime
Food and kindred products 9
Meat products
Canniii" and preserving
Bakerv products
__
do
do __
do
do
do _ _
do
Tobacco manufactures
.
Textile mill products 9
Broadwoven fabric mills
Knitting mills
_ __
do
do
do _
do
do
do
do_ _ _
do
do
do
Nonmanufacturing industries:
Mining
do
Metal _
_
do
Anthracite
do ___
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
hours
Nonmetallic mining and quarrying
do _
Contract construction
do
Nonbuilding construction
do
Building construction
_
do
Transportation and public utilities:
Local railways and bus lines
-do
Telephone
do
Gas and electric utilities
do __
Wholesale and retail trade:
Wholesale trade
..
do _
Retail trade (except eating and drinking places) 9
hours
General merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round
do
Laundries
___ _ _ _ _
do.__.
Cleanirig and dyeing plants
do
7
1
8
5
2
5
5
9
2
4
7
0
3
8
0
9
3
2
2
3
7
7
5
8
7
0
5
0
9
1
1
2
4
9
8
2
3
0
7
6
4
41
Ml
33
37
0
5
4
4
8
2
3
9
1
5
4
0
3
2.5
39.9
2 5
40.5
MOM
r
'38 8
P40. 4
P39.9
39.2
37 8
p 41 3
p 40 9
p 39. 3
P 36 4
2
5
5
9
40.5
40.4
40 5
40 0
39 8
39 9
40.1
40 2
40 3
40 6
40 5
40 4
40 3
37.7
34.0
35.9
44.0
37.5
33.9
35.8
43.7
38. 2
36 5
35 7
43 8
37.4
33 7
35 4
43.8
37.4
33 7
35 2
43 7
37.4
33 8
35 3
43 8
37.7
34.5
35 6
44. 1
37.4
33 7
35 3
43.9
37.8
34 3
35 9
44 1
38.2
35 0
36 4
44 1
38.3
34 9
36 2
44 1
37.6
34 0
35 6
43 9
37.4
33 8
35 2
43 8
40.5
39.8
40.0
40.2
39.3
39.1
40.0
39.7
39.5
40.1
39.2
38 2
39.7
39.1
37 7
40.0
38 9
37 9
39.6
40.0
40.8
39.9
39.9
39 4
40.0
39 9
39 9
40 0
39 8
38 6
40 2
39 4
37 6
39.7
39 4
38 5
39 8
39 7
39 3
88 98
95.44
106. 97
92 16
99 87
109. 10
92 29
100 86
108 21
91 14
98 98
107 68
90 91
98*74
108 73
89 60
97 36
106. 49
91 37
98 58
107 79
91 60
98 98
107 30
91 14
97 76
105 20
90 35
97 20
105 60
T 91 08 T 91 08 P 90 78
r gg 65 p 97 91
98 15
108 14 r 107 87 -P i()7 87
80.60
78.18
75.21
91.39
80.40
78.14
77 33
92.25
77.03
75.83
74 56
91.30
78.01
75 25
74 56
90.85
77.60
75 27
72 73
90.57
80.20
77. 95
73 82
91.08
81. 40
78.94
74 19
92.84
83.84
81.18
74 77
93.07
81. 35
79 00
74 40
93.02
81.97
80 00
75 89
93.89
' 84. 19 ' 82. 37 P 80. 34
80 00
77 81
r 75 74 p 74 61
75 74
' 92. 75 r 94. 07 p 93. 38
Primary metal industries
do
105. 74
107 86
Blast furnaces, steel works, and rolling mills
dollars. _ 116. 66
113, 10
'Revised.
p Preliminary.
9 Includes data for industries not shown separately.
cfExcept ordnance, machinery, and transportation equipment
117 14
117 96
115 26
114 29
112 29
109 70
109 70
108 75
106 68
106 78
r 106 50
127. 72
128. 54
123, 60
122.89
122. 22
116. 21
115. 74
113. 83
110.53
110. 60
109. 93
Average weekly gross earnings per worker on payrolls
of nonagricultural establishments:
All manufacturing industries
dollars
89.06
Durable goods industries
_ do_ _
96.52
Ordnance and accessories.
do
106, 55
Lumber and wood products (except furniture)
dollars. . 82.42
Sawmills and planing mills
do.
79.37
Furniture and fixtures _
_ do
76.49
Stone, clay, and glass products
do
91.88
P 106 12
SUEVEY OF CUEKENT BUSINESS
S-14
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
DecemNovemOctober
BUSINESS STATISTICS
ber
ber
December 1960
1960
January
February
March
April
May
June
July
August SeptemOctober November
ber
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls
of nonagricultural establishments —Continued
All manufacturing industries— Continued
Durable goods industries— Continued
Fabricated metal productsc?1
- - - dollars
Machinery (except electrical)
do
Electrical machinery
do
Transportation eQuipment 9 do
Motor vehicles and equipment
- - do
Aircraft and parts
-do _
Ship and boat building and repairs
do
Instruments and related products
- do
Miscellaneous mfg. industries
do_
r
r
96.76
103. 82
91.39
109. 62
113.03
108.26
99.20
94.53
77.33
94. 64
102. 82
90.72
104. 66
102. 38
108. 00
101.26
94.71
77. 16
99.77
105. 92
93.07
110.70
113. 29
109. 88
102.44
96.23
78.76
100. 94
105. 32
92.80
115.92
124.11
108. 40
101.92
94.19
78.20
98.42
104. 55
90.97
111.79
116. 62
108. 81
102. 31
94.07
77.81
98.42
105. 47
91.43
110.84
113.83
109. 34
103. 62
95.88
78.18
96.56
104. 04
88.98
107. 59
108. 23
107. 07
103. 49
93.43
76. 05
99.96
106. 14
91.37
111.66
113.85
110.29
105. 46
94.77
77.41
100. 21
105. 88
92.23
110.97
112.87
110. 57
105. 60
95. 65
77.41
99.63
105. 11
90.39
110. 15
111.20
110. 97
106. 90
95. 75
76.44
100. 45
103. 68
91.77
108. 90
108. 64
110. 84
108. 23
95.99
77.60
79.79
85. 68
103. 05
65. 74
84. 42
80.39
87. 74
105. 22
63.47
85.01
81.19
88.78
104. 73
68. 15
85.22
80.77
88.91
104. 66
. 68.74
83.92
79.95
86. 33
95. 26
69.17
84.56
79.93
86.94
95.01
69. 75
85.39
79. 52
87. 16
95. 74
69. 75
85.79
81.35
88. 91
99. 55
70.05
87.05
82.16
88. 51
98. 90
67. 86
88. 54
82.37
89.60
100. 94
70.71
89.16
81.77
88.58
99.70
74.03
88.48
Tobacco manufactures
__ _ do
Textile mill products 9
do
Broadwoven
fabric
mills
__do _
Xnittin 0 " mills
do
Apparel and other finished textile prod
do
Paper and allied products
do
Pulp, paper, and paperboard mills
do___
Printing, publishing, and allied industries_do —
63.92
64. 40
64. 74
57. 66
55. 02
95. 67
104. 48
104.83
64.56
64.40
64. 74
57. 96
56. 15
95. 22
104. 72
103. 79
67. 49
64.87
65. 52
56. 77
55. 85
95. 22
104. 48
106.86
66.05
64.48
64.74
56. 32
55.44
95.20
104. 24
104. 56
61.37
64.16
64.27
56. 47
56. 1 1
94. 73
103. 97
104.12
59.86
63. 83
65.12
55.48
55. 85
94. 30
103. 29
105. 05
64. 80
63. 76
64. 96
55. 95
53. 70
93. 63
102. 15
103. 95
68.58
65.36
66. 01
58.22
55. 90
96.05
104. 64
106.37
71.53
65. 53
66.58
58.67
55.90
97. 13
106. 19
105. 54
68.43
64.31
65. 37
57.60
56.42
97.33
106. 87
106. 20
64.81
64.31
64.88
58.29
57.62
97.75
106. 82
106. 09
Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal _
Petroleum refining
Rubber products
Leather and leather products
101.09
108.05
117.50
119.80
101. 18
58. 28
101. 75
108. 58
118. 90
124. 01
97. 66
60. 43
102. 66
109.78
117.74
121. 80
101. 59
61. 07
101.60
108.21
116.98
120.40
102. 16
61.78
101.60
108.21
1 1 6. 87
120. 60
100.00
60.64
102.01
108 62
116.87
120. 20
97.71
60.84
104. 41
112. 29
119. 54
124. 23
94. 60
58. 06
103.58
110.77
118.03
123.11
100.04
59. 90
105. 59
112.67
119.60
123. 22
102. 72
62. 37
106. 08
113.13
121. 18
124. 84
103. 53
62.98
104. 90
110. 42
117. 62
120. 90
100. 15
62.48
108.92
99.38
82.80
123. 55
109. 89
108. 84
93. 81
118. 14
114.51
111.41
94.73
' 135. 38
111.11
113.05
88.09
127. 32
108.13
107. 71
76. 1 6
121.97
110.98
111.30
99. 91
127. 26
111.38
113. 58
80.88
122. 30
110.70
114.01
82. 2£
119.03
110.83
111.22
'110.27 Mil. 37
93. 50
93. 23
121.69
121. 60
108. 67
111.49
94. 26
114. 10
107. 47
112. 74
84. 39
108. 23
108. 14
110. 16
95.22
110.51
113.12
97. 90
117.66
1 17. 74
117. 72
117.83
95.90
113.88
110. 87
114.14
113. 81
96.13
117.81
113.47
119. 13
116.72
92.38
113.72
108.00
114.87
112.12
91.46
113.75
111.16
114.22
113. 52
92.89
115.50
116.91
115. 60
115. 18
98. 55
119. 19
117. 96
119. 19
116.03
98. 78
119.56
118.03
119.91
113.52
101.70
121.18
121.06
121.24
116. 16
102. 60
123. 61
124. 91
123. 68
112. 44
102. 37
124. 31
126. 90
123. 68
116. 44
101.66
123. 13
126. 42
122. 40
116. 16
101.91
125. 50
128. 95
124. 81
94.57
88. 58
108. 62
95. 44
89.95
109. 03
96. 10
87.42
107. 98
95. 60
86.14
108.39
97. 33
87.42
107. 59
97. 78
87. 58
108. 26
97.78
86. 36
108. 94
99. 79
87.81
109.34
100. 92
88. 26
109. 34
100. 22
89.95
110. 02
100. 22
89.27
110. 16
99.96
95. 47
115.37
98.83
91.94
113. 85
91. 53
91.71
91.94
90.80
90. 35
91.37
91. 83
92.46
93. 09
94.19
93.56
94.13
93. 50
67. 11
47.94
69. 65
89.76
66. 38
47. 46
69. 81
88. 71
66. 09
50. 01
69. 26
86. 29
66.95
48.19
69. 38
88.04
66. 95
48.19
G9. 34
87. 40
66. 95
48.33
69. 89
88.91
67. 48
48.99
70. 13
91. 73
67. 69
48.87
70.60
90.87
68. 80
49. 74
72. 16
91.29
69. 52
50. 75
73.16
91.29
69. 32
50. 26
72.76
89. 96
68. 43
49.30
72.27
88.24
68. 07
49. 01
71.46
89. 35
do
68.81
68. 26
68.81
69. 93
69. 94
69. 56
69. 94
69.75
69. 75
70.31
69. 75
69. 75
70. 69
do..
48.20
46. 96
55. 60
48.24
46. 37
54. 35
48.40
47.24
54. 91
48.12
47.04
53. 10
47. 64
46. 92
52.40
48. 00
46. 68
52. 68
47. 52
48. 00
57. 94
48.28
48. 68
55. 95
48.80
48. 68
57. 06
48. 80
48. 56
54.43
49. 04
48. 07
53. 02
48.83
48. 46
54. 67
49. 35
48.83
56. 20
2.21
2.14
2.36
2,. 28
2.58
2.23
2.16
2.38
2. 31
2. 59
2.27
2 20
2.43
2.35
2. 61
2.29
2.21
2.46
2.37
2 52
2.29
2.21
2.45
2. 37
2.62
2.29
2 2°
2. 45
2.38
2.G2
2.28
2 22
2^44
2.38
2. (>1
2.29
2.22
2.44
2.37
2. 61
2.29
2.22
2.45
2.38
2. 63
2.29
2.22
2.45
2.38
2. 63
2.27
2.21
2.43
2.37
2.64
2.30
2.23
2.46
2.39
2.67
2.02
1. 95
1.83
2.23
2. 65
2.01
1.94
1.83
2.24
2.78
2. 00
1.92
1.85
2. 25
2.85
1.96
1.91
1.85
2.26
2.87
1.98
1.91
1.85
2. 26
2.86
2.00
1.93
1. 86
2.27
2.85
2.01
1.92
1. 85
2.26
2. 85
2.03
1.93
1.85
2. 82
2.07
1.98
1.86
2.27
2.82
2.07
1.98
1.86
2.28
2.81
2.07
1. 99
1.86
2.29
2.80
'2.11
1.99
1.87
2.29
2.81
3.07
2. 36
2.52
2.24
3.00
2.36
2.52
2.24
3.10
2.41
2. 54
2.27
3.12
2.45
2.55
2.28
3.09
2.43
2.55
2. 28
3.08
2.43
2. 56
2.28
3.11
2.42
•2. 55
2.27
3.05
2. 45
2.57
2.29
3.07
2. 45
3. 02
2.45
2. 56
2. 30
r
2! 30
3.06
2.46
2 57
230
2.70
2.75
2. 66
2.59
2.30
1.90
2.67
2. 68
2.66
2. (13
2.31
1.91
2.72
2.77
2. 68
2.62
2.33
1.94
2.76
2.84
2.67
2.62
2.32
1.95
2.74
2.81
2.68
2.61
2.34
1.95
2. 73
2.79
2.68
2. 63
2. 35
1.94
2.71
2.74
2.67
2. 62
2.33
1.94
2.73
2. 77
2. 69
2. 63
2.34
1.94
2.74
2. 78
2. 71
2. 66
2. 35
1.94
2.74
2.78
2.70
2.72
2. 37
1.94
2.75
2.80
2.71
2.74
2.37
1.94
2.81
2.87
2.74
2.78
r
2.38
r
1. 95
2.81
2.87
2.74
2.78
'2.38
r
1.95
2.08
2. 02
2.18
2. 45
1.79
2.18
2.07
2.01
2.15
2.42
1.81
2.19
2.09
2.02
'2.14
2.47
1.77
2.21
2.09
2. 03
'2, 18
2.46
1.81
2.21
Nondurable goods industries
Food and kindred products 9
M^eat products
Canning and preserving
Bakery products
do
do
do
do
- --- --do _
do
- - do
__do
do
do
do —
Nonmanufacturing
industries:
M'inin0'
do
Metal
do
Anthracite
- do.
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
dollars
Nonmetallic mininf and Quarrying
do
Contract construction
do
Nonbuilding construction
do
Transportation and public utilities:
Local railways and bus lin p s
do
Oas and electric utilities
do
Wholesale and retail trade:
\Vholesale 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 . .._
Finance, insurance, and real estate:
Banks and trn^t companiest
Service and miscellaneous:
Laundries
Average hourly gross earnings per worker on payrolls
of nonagricultural establishments:
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- .
Fabricated metal produ^t^cf
do
Machinery (except electrical)
- do
Electrical machinery
do
Transportation 5equipment 9
M^otor vehicle ? and equipment
Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg industries
- -do
do
do _
do
do
do_-
2.06
2.03
2.04
2.02
2.06
2.08
2.07
2.05
2.05
Nondurable goods industries
- do
2.01
1.96
2.00
1.95
2.01
2.01
1.99
1.98
1.97
Excluding overtime §
do
2.19
2.19
2.14
2.18
2.19
2.16
2.10
2.19
2.18
Food and kindred products 9
do
2.43
2.43
2.43
2.43
2.44
2.47
2.38
2.48
2.43
M^eat products
do
1.85
1.72
1.86
1. 80
1.77
1.73
1.79
1.81
1.83
Canning and preserving
do
2,17
2.14
2.15
2.12
2 12
2.16
2.10
2.13
2.13
Bakerv products
do
r
Revised.
* Preliminary,
c? Except ordnance, machinery, and transportation equipment.
9 Includes data for industries not shown separately.
{Revised series (first shown in September 1959 SURVEY); data beginning Januar y 1958 are calculateci on a dif 'erent bas is and arf not str c tly
December 1957.
§Derivcd by assuming that overtime hours are paid at the rate of time and one- half.
100. 94 ' 100. 28 v 98. 89
103. 57
104. 23 * 103. 20
93.03 ' 93. 26 P 93. 03
r
112. 96 ' 115.21 P 113. 00
116. 52
119.11
111.24
112.34
103.
97
109. 81
r
95. 44 ' 96. 15 p 96. 15
* 77. 03 ' 78. 20 * 78. 20
r
r
81. 72
89. 02
102. 51
74.69
89.06
' 81. 51 P81.06
' 88. 94 p 88. 44
101.11
71.13
89. 51
' 63. 27 ' 65. 12 * 65. 60
62.05 * 62. 86 p 62. 69
61.92
62 72
57. 15
57. 46
' 55. 93 ' 56. 60 P 55. 14
' 98. 14 - 96. 83 v 95. 45
107. 20
106. 27
r
108. 08 ' 107. 14 ~p~ 106~58~
r
104. 90 ' 104. 24 T 104. 90
110.97 r 110.16
120. 60 117. 62 v 119. 43
124.
53
121.80
r
98. 28 ' 100. 69 P 100. 22
r
59. 24 ' 59. 76 P 60. 42
3.03
2.48
2. 57
2.32
compf irable wit h publish <?d
' 2. 30
P2.31
2. 23
2.46 "~p~2.~46~
2.39
r
2. 67
p 2. 67
-2.08
1. 96
1.87
' 2. 30
2.81
r
3.02
2. 47
2.58
2.32
P2.06
pl.87
P 2. 30
P2.80
P2.46
P2. 58
P2.32
p 2.79
P 2. 38
» 1.96
p 2. 10
P2.20
figure;> through
SUEVEY OF CURRENT BUSINESS
December 1960
S-15
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
DecemOctober November
ber
January
February
March
April
May
June
July
October NovemAugust September
ber
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings per worker on payrolls
of iionagri cultural establishments— Continued
All manufacturing industries— Continued
Nondurable goods industries — Continued
Tobacco manufactures
dollars- _
Textile mill products 9
do
Broadwovon fabric mills
do
Knitting mills
- do
Apparel and other finished textile prod
do
P^per 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 _
Leather and leather products
do
Nonmanufacturing
industries:
M^inin0"
do
Metal
- __do _
Anthracite
do
Bituminous coal
_
__ _ do
Petroleum and natural-gas production (except
contract services)0
- dollarsNonmetallic minin " and quarrying
do
Contract construction
_
do
Nonbuilding construction
do
Building construction
__ _ __ _ do __
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Gas and electric utilities
do Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
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 wages (ENR): §
Common labor
dol. per hr
Skilled labor
do
Equipment operators
do
Farm wages, without board or room (quarterly)
dol per hr
Railroad wages (average class I)
do
Read-building wages common labor (qtrly) do
1.59
1 59
2. > ; 2
2. 90
3. 00
2.49
1.62
1.72
1 60
1.56
1.51
1.54
2 24
2.38
2.73
2 46
2.62
2 91
3.01
2.51
1.63
1 70
1 60
1 56
1.51
1.55
2 25
2.39
2.74
2 46
2.62
2 90
3 00
2.50
1 63
1.72
1.62
1.60
1.52
1.56
2 24
2.38
2.75
2.47
2.63
2.90
2.99
2.48
1.64
1.80
1.61
1.60
1.50
1.53
2.24
2.37
2.75
2.48
2.68
2.93
3.03
2.47
1.64
1 80
1 63
1 61
1.52
1.54
2 26
2.40
2.77
2 49
2. 65
2 90
3.01
2. 52
1 65
I 82
1 63
1 62
1.52
1.54
2 28
2.43
2.77
2 52
2.67
2 91
3 02
2.53
1 65
1.82
1 62
1 61
1.50
1.55
2 29
2.44
2.78
2 55
2.70
2 92
3 03
2.55
1 64
1.71
1 62
1.61
1.51
1.57
2 30
2.45
2.77
2. 54
2.68
2.89
3.00
2.51
1.64
2 70
2.61
2 76
3.30
2.72
2.64
2.77
3.31
2.73
2.66
2.77
3.29
2
2
2
3
71
64
80
27
2.72
2.65
2.76
3.28
2.71
2. 66
2.77
3.27
2 70
2.67
2 78
3.27
2 69
2.67
2 75
3.28
2
2
2
3
68
69
75
26
2.67
2.68
2.74
3.26
2
2
2
3
68
71
74
26
2 69
2 72
2 76
3.26
2.80
2.21
3.18
2.90
3.27
2.86
2.22
3.19
2 85
3.28
2.81
2.22
3.21
2.88
3.30
2.84
2.21
3.24
2.88
3.32
2.81
2 22
3 25
2 91
3.33
2.81
2 26
3.30
2.99
3.38
2.83
2.25
3.23
2.87
3.32
2.83
2. 25
3.24
2 90
3.34
2.81
2 25
3.24
2 91
3.34
2.84
2 28
3 27
2 96
3 37
2.79
2.28
3.28
3. 0!)
3.37
2.84
2 30
3.31
3 01
3.40
2.84
2 29
3.32
3 02
3.41
2.22
2.22
2.63
2.23
2 21
2.64
2.24
2.23
2.64
2.26
2 22
2.65
2 29
2 23
2 65
2.29
2.24
2.66
2.29
2 22
2.67
2.31
2 24
2.68
2.32
2 24
2.68
2 32
2 26
2 69
2.32
2.26
2.70
2 33
2 34
2 76
2 32
2 31
2 75
2.26
2.27
2.27
2.27
2.27
2,29
2.29
2.30
2.31
2.32
2.31
2.33
2.32
1.78
1.41
1.94
2.04
1.77
1 40
1.95
2 03
1.73
1.37
1.94
1.97
1.79
1.43
1.96
2.01
1.79
1 43
1.97
2 00
1.79
1.43
1.98
2.03
1.79
1.42
1.97
2.08
1.81
1.45
2.00
2 07
1.82
1.45
2.01
2.07
1.82
1 45
2 01
2 07
1.81
1.44
2.01
2.04
1.82
1 45
2 03
2 01
1.82
1 45
2 03
2 04
1.19
1.18
1.39
1.20
1 18
1 39
1.21
1.19
1.39
1.20
1.20
1.39
1 20
1 20
1 39
1.20
1.20
1.39
1.20
1.20
1.42
1.21
1 22
1.42
1.22
1 22
1.43
1 22
1 22
1 41
1.22
1.22
1.41
1 23
1 23
1 42
1 24
1 23
1 43
2. 624
3. 931
3.540
2.624
3.931
3 559
2.627
3.942
3. 560
2. 638
3. 948
3. 563
2 638
3. 950
3 572
2. 642
3. 950
3.582
2. 645
3. 958
3.598
2 672
3. 976
3.604
2.706
4.020
3. 635
2.724
4.050
3. 664
2. 734
4. 063
3.695
2 739
4 087
3 712
2 739
4 090
3 718
.89
2. 532
2.20
2 599
2.575
1 05
2. 601
1 95
2.612
2.568
1.03
2. 585
1.92
2 588
2 581
1 02
2 621
2 11
2 592
2. 645
3.1
2.0
4.7
1.4
2.8
30
15
4 1
10
2 6
3.8
1 3
3.1
.9
1.7
3.6
19
2.9
1.0
1.3
2 9
1 7
30
10
1 5
2.7
15
3.7
1.0
2.2
2.8
1.4
3.6
1. 1
2.0
3.2
17
3.3
11
1.6
3 9
2 3
33
1i
17
2 9
17
3 6
1i
2 0
3.8
19
4 3
1 5
2.2
3.8
1.9
4.4
1.9
2.0
^2.6
P 1.4
T 3. 7
p 1.0
P2.2
277
125
161
41
112
23
200
65
250
70
270
85
370
110
400
150
425
190
325
150
300
155
225
140
250
120
548
775
14,100
402
652
4,300
285
101
1,430
325
140
1, 000
400
145
1,250
430
140
1,500
530
190
1, 500
600
225
1, 750
650
285
2, 750
575
250
2 150
550
250
2, 000
425
210
1,750
450
170
1,750
1.56
1.49
1.52
2 23
2.38
2.73
2.43
2.61
2.88
2.98
2.48
1.61
1.69
1.59
1.56
1.49
1.53
2 23
2.38
2.71
2.44
2.61
2 90
3.01
2.46
1.62
1 70
1 59
1 56
1 . 411. ":^
2. 65
2.46
2.76
3.26
9 9"
9
o .;
1 57
1 62
1 60
1.52
1.58
r
2 32
2.47
r
2.80
2 54
2.70
r
2 92
3 03
'2.52
r
1.65
'r 1 62
1 62
1 60
1.52
>• 1. 59
2 30
2.46
' 2. 79
2 53
2. 70
r
2 89
3.00
--2.53
T
1.66
P 1 74
P 1 62
p 1.58
p 2 30
p 2 . 79
P 2 54
p'2 92
P 2. 55
p 1 66
2 745
4 095
3 744
.90
LABOR CONDITIONS
Labor turnover in manufacturing establishments:
Accession rate, total
mo. rate per 100 employees
New hires
do
Separation rate, total
do
Quit
do
Layoff
do
Industrial disputes (strikes and lockouts):
Beginning in month:
Work stoppages
number
Workers involved
thousands
In effect during month:
Work stoppages
number
Workers involved
thousands
Man-days idle during month
__
do _ _
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
thousands
Unemployment insurance programs:
Insured unemployment, all programst9
do
State programs:!
Initial claims
do
Insured unemployment, weekly average... do
Percent of covered p.mploymentcf
Beneficiaries, weekly average.
thousands
Benefits paid mil. of dol
Federal employees, insured unemployment
thousands- Veterans' program (UCX):*
Initial claims
do
Insured unemployment, weekly average. -.do
Beneficiaries, weekly average
_ _
do
Benefits paid
mil. of dol—
Railroad program:
Applications
thousandsInsured unemployment, weekly average do_ .
Benefits paid
mil. of dol—
556
465
432
418
412
450
511
534
537
491
556
584
517
1,479
1 853
2 008
2 359
2 326
2 370
2,078
1 801
1 700
1,826
1 804
1 781
1 839
p 2 ?26
1,197
1,309
3.4
1,050
136.9
1 501
1,677
4 4
1, 285
168 3
1 645
1,841
4 8
1, 545
219 5
1 621
2,180
5 6
1,814
235 2
1 265
2,157
5 5
1, 879
247 8
1 387
2,209
5 7
1,981
287. 1
1 232
1, 939
4 9
1,792
237.4
1 162
1, 682
4 3
1,494
204 9
1 197
1,588
4 0
1,447
198 9
1 426
1,686
4 3
1,392
183.8
1 407
1,657
4 2
1,399
206 3
1 206
1,598
4 0
P 2, 039
P5 1
201 8
1 393
1, 678
4 2
1,395
189 9
28
31
33
38
39
38
33
30
29
30
30
28
30
P32
27
41
36
4.8
29
48
42
5.3
31
53
50
7.0
31
61
57
7.4
27
61
59
7 6
29
61
59
8.3
23
54
55
7.0
29
45
4^
6 0
97
45
44
60
30
49
43
5.5
32
52
48
6 8
27
49
48
6 4
29
50
45
59
p58
22
97
25.8
21
93
21.7
15
105
19.2
12
78
16.6
6
69
13.8
59
63
13.4
6
54
10.4
5
45
7.9
6
39
7.5
81
61
7.4
31
65
12. 1
r 107
v 82
j> 96
r 1, 418
99
18.5
r
Revised.
p Preliminary.
9 Includes data not shown separately.
§Rates as of December 1, 1960: Common labor, $2.747; skilled labor, $4.099; equipment operators, $3.728.
tBeginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees'
program (shown separately below). Total insured unemployment includes the UCV program (not shown separately) through Jan. 31, 1960 (expiration date).
o^Rate of covered employment expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data
are available (the lag for covered employment data may range from 6 to 8 months).
*New series. Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective Oct. 27,1958).
SUEVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December 1960
1959
1960
January
DecemOctober November
ber
February
March
April
May
June
July
August
Septem- October November
ber
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mil. of doL_
Commereial and finance company paper, totaL-do
Pl'iecd through dealers
do
Placed directly (finance paper)*
_ do_ __
945
3, 784
755
3,029
1,029
3, 664
784
2,880
1,151
3,118
627
2, 491
1,229
3,889
664
3,225
1.240
4, 085
718
3,367
1, 366
4, 320
805
3, 515
1, 336
4,269
888
3,381
1, 263
4, 492
920
3,572
1,382
4, 459
1,021
3, 438
1,561
4, 652
1, 116
3, 536
1, 656
4,920
1,266
3, 654
1, 668
4, 558
1, 263
3,295
1,753
5, 056
1,365
3, 691
4,487
2,333
616
1, -538
4, 462
2,345
642
1,474
4, 449
2, 360
62°
1, 467
4,487
2, 378
632
1, 477
4, 551
2, 400
624
1,528
4, 616
2, 428
609
1, 580
4. 690
2,446
594
1 , 649
4,747
2, 468
565
1, 714
4, 812
2,487
551
1, 774
4, 853
2, 500
557
1,795
4,871
2,515
562
1,794
4,870
2, 52S
589
1, 753
4, 837
2, 538
638
1, 660
4, 787
2, 548
652
1, 587
230, 245
do
- -do__ _ 89, 519
d° --- 46, 083
217, 139
82, 273
43, 810
261,121
104,976
51, 763
250, 849
99. 809
50.415
223. 567
86, 063
45, 254
241,799
92.435
49,474
240, 798
97, 102
47, 909
233,110
89, 905
47, 507
235,183
91, 020
47, 577
52, 942
28 \ 469
877
26, 631
19, 290
53, 555
28, 946
833
26, 922
19, 277
54, 028
28, 771
458
26,648
19, 164
52, 262
27,613
862
25, 464
19, 155
51, 431
26, 961
739
25, 209
19,134
51 . 577
27; 103
756
25, 264
19,113
51,983
27, 131
571
25, 558
19,066
51,144
27, 262
342
26, 035
19, 059
52, 394
27, 869
258
26, 523
19, 029
52,116
28, 13 1
343
26, 885
18, 839
52, 009
27, 907
405
26, 762
18, 709
52,134
28. 402
181
27, 024
18, 394
52, 183
28, 729
193
27, 402
18, 107
51, 962
28, 731
101
27, 488
17, 610
52, 942
19 994
IS, SIS
27, 562
53, 555
19 686
18,415
27, 954
54, 028
19,716
18,174
28, 262
52, 262
19 536
18,396
27, 599
51,431
18. 725
17, 754
27, 433
51,577
18,861
1 7, 773
27, 341
51,983
18,976
17,850
27, 258
51,144
18,643
17,619
27, 344
52, 394
19, 126
17,941
27, 505
52.116
19,305
18, 261
27, 612
52, 009
18,853
1 7, 735
27, 621
52, 134
19, 110
17, 942
27, 651
52, 183
1 9. 1 20
17, 956
27, 680
51, 962
17, 924
16, 770
28, 066
Ratio of gold certificate reserves to deposit and FIR
no^e liabilities combined
percent
40.6
40.5
39.9
40.6
41.5
41.4
41.2
41.4
40. 8
40.2
40.3
39.3
38.7
38.3
All member banks of Federal Reserve System, averages
of dailv figures:*
TCxcess reserve*?
mil. of dol
Borrowings from ~^ed Reserve banks
do
Free reserves
do
446
905
-459
445
878
-433
482
900
-424
544
905
-361
816
-361
416
635
-219
408
602
-194
469
502
-33
466
425
41
508
388
120
540
293
247
'639
225
"IH
638
149
4^0
61,239
61,017
63, 204
60, 61 6
59, 536
59, 085
60, 702
58, 185
58, 649
59, 392
58, 934
53, 813
r gQ 7Q4
59, 792
64, 740
4, 346
3, 477
64, 626
4,782
3, 838
67,641
4,814
3, 139
63, 727
4, 921
2, 607
62, 838
4, 920
2, 954
61.890
4, 836
2, 843
63, 770
4,98!
3,219
62, 259
5, 137
5, 002
62, 026
4,718
4, 965
62, 469
4, 947
4, 54v)
62, 236
4, 794
3, 676)
62,306
4. 630
5, 524
'"!:$;•
64, 302
4, 862
3,511
?>\ r "32
2^ > 3
1,^25
13, ?o('
/O,
1 7J
r
\ 704
i, 309
13,^9-i
°SJ < 69
1,J 'i
14, 34t
'0, 1 if)
.>. 1 >
l! "!">
^,30'
30, 140
28, 481
1, 521
12,783
30, 423
28, 731
1,550
12, 597
30, 454
28, 679
1 , 640
12,638
30,613
2* 805
1,676
13, 352
31,157
29 250
1,778
13,299
31. 428
31,858
32,186
30 119
r 3f)' 439
1,882
13, 736
1,987
13, 592
1,945
13, 784
1, 540
'14, 993
32, 493
30 344
2, 017
15,650
Investments, total
_ _ do
U.S. Government obligations, direct and gunranteed total
mil of dol
Bilks
do
Certificates
_ _
do_
Notes and bonds
do
Other securities
do
3-. 144
37, n!8
37, 2°4
rr.ui
35,040
34, 1 50
35, 563
35, 082
34, 733
36, 679
36, 902
37, 490
r 3g) 994
38, 883
2\194
2, Ol 6
1,116
24, < -2
?<* in
2t , 4 M
2, 001
1,203
' l •*,; H)
>, f 97
^l]oi7
4t;,j
23,271
9, (88
24. 495
1,069
431
25, 752
1,314
874
23, 564
9, 330
25, 359
950
874
23, 535
9, 374
"' 818
23, -132
9, 617
27, 381
2, 61 2
1, 309
23, 460
9. 521
27,816
2, 825
1, 364
9] 655
25, 991
1,474
444
24,073
9, 572
27, 062
\ 7f 4
27, It 8
2 241
1,( i
24,1-11
9, ^0
"£ 674
29, 305
4, 037
1.458
23,810
9,689
29, 312
3,500
1, 327
24, 485
9, 571
Loans (adjusted) totnl£p
Commercial and industrial
65, 244
2°, ''jO
6h,3 o r
30,01,
9 1^8
( 8, Ot 9
30, It 5
2, 579
f f\ OT
29, 9 r 7
1, ( >
66, 532
30, 320
1, 769
66, 890
31,026
1 , 479
67, 492
30, 940
1,812
67,843
31,170
1,705
68, 691
31, 645
1,665
68,469
31. 104
1, 982
67, 948
30, 970
1,865
68, 727
31, 541
2, 066
r
08, 812
" 81, 656
2, 260
68, 434
31,742
1,851
],?,'
5, 271
] 1 , 5 J7
1,319
5 531
1°, r" 7 4
17, h
1.33S
6,187
12, C 2
i , yio
1,289
5 789
1? 605
17, 360
1 , 266
5 758
12 586
17, 641
1,251
5 878
12 581
18,099
1,274
5, 932
12 5 - 3 8
18, 149
1,267
6, 192
12 543
18, 130
1,279
6, 183
I9 510
18, 486
1,274
5. 828
12 566
18, 247
1,292
5 778
Y> 556
17, 955
1. 294
5, 460
1, 281
5, 319
12, 524
17, 953
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adrn.:
Total
Tnil. of dol_.
Farm mortgage loans: Federal land banks__do
Loans to cooperatives
_ do _ _
Bank debits, total (344 centers)
New York Cjtv
6 other centers c?1
- - - -
Federal "Reserve banks, condition, end of month:
Assets total 9
_ - __ do __
Reserve bank credit outstanding, total Q
do
"Discounts and advances
_ _ do __
United States Government securities
do
Gold certificate reserves
_
do_ _
Liabilities total 9
__.
Deposits totol Q
]yr ember nank reserve balances
Federal Reserve notes in circulation
do
do
do
do
Weeklv reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of rnonth:f
Deposits:
Demand r d i u ^ t e d f f )
mil of dol
Demand, except interbank:
Individuals, partnerships, and corp
do
States a n d political subdivisions
do
United States Government
_ _ _ __do. __
Time, except interbank, total 9
_
StPto<3 nnd political subdivisions
Interbank (demand and time)
do_. .
do
do
_
no
__ _ _ _ do_ __
Other loans for purchasing or carrying securities
mil. of dol. _
Other loans
Money and interest rates :§
Bank (rates on business Joans:
In 1 * cities
New York Citv
7 other northern an^ eastern cities
11 southern a n d western cities
do
~t2,Llr>
u™
2, 4 '-9
ijra
r, r~
r
230, 115 r 221 . 980 '•245,721
88, 529
85, 058
96, 593
46, 305
45, 626
50, 410
", r04
U 615
17, 253
5 36
5.19
5 39
percent
do
do
do
r
226, 002
86, 1 74
46, 862
r
232. 839
88,551
47, 895
5.34
5 18
5 3^
5 57
r
5
5
5
5
9Q 4]7
35
19
34
58
r
4, 413
r }9 .",90
r
18, 393
4.97
J
4 7-A
4 96
Discount rate, end of mo. (N.Y.F.R. T?ank)__.do
Federal interned late credit bank loans J_ _
do_ _
Federal land bank loansl
do
4.00
5.37
5 76
4.00
5.44
5. 89
4.00
5. 45
5.89
4.00
5,63
6.00
4. 00
5.72
6.00
4.00
5.70
6.00
4.00
5.57
6.00
4.00
5.31
6. 00
3. 50
5.30
6. 00
3.50
5.11
6.00
3. 00
4.75
6.00
3.00
4.55
6.00
3.00
4.43
6.00
3.00
4.35
6.00
Open market rates, New York City:
Bankers' acceptances (prime, 90 da vs")
do
Commercial naper (prime. 4-6 months)
do
Finance Co. paper placed directly, 3-6mo.*__do
Stock Exchange call loans, going" rate___
do
4,25
4. 73
4.70
4.75
4.25
4.67
4.38
4.75
4.47
4,88
4.82
4. 75
4.78
4, 91
5.02
5.41
4.44
4. 66
4. 50
5.50
3.96
4.49
4.16
5.50
3.88
4.16
3. 74
5.50
3.78
4. 25
3.88
5.11
3.28
3.81
3.24
5.00
3.13
3.39
2.98
5.00
3.04
3.34
2.94
4.85
3.00
3.39
3.13
4.50
3.00
3.30
3.11
4.50
3.00
3.28
2.91
4.50
4.117
4.69
4.209
4.74
4. 572
4.95
4.436
4.87
3.954
4.66
3.439
4.24
3. 244
4.23
3. 392
4.42
2.641
4.06
2.396
3.71
2.286
3.50
2.489
3.50
2.426
3.61
2. 384
3.68
Yield on U.S. Government securities (taxable):
3-month bil]s (rate on new issue)
percent.3-5 year issues
_
do __
Savings deposits, balance to credit of depositors:
New York State savings banks
mil of dol
20, 651
20, 363
20, 424
20, 544
20, 684
20, 774
20, 848
20, 558
21,063
20, 874
20, 659
20, 832
21,051
21, 135
962
976
948
894
879
909
928
U.S. postal savings!
do. ._
849
788
779
798
810
836
823
f
p
Revised.
Preliminary.
*New series (from Board of Governors of Federal Reserve System); for back data, see Federal Peserve Bulletins.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
fRevised series, reflecting change in coverage and format. Figures through 1958 on old basis appear in the 1959 edition of BUSINESS STATISTICS; January-June 1959 figures in
September 1959 SURVEY.
©For demand deposits, the term "adjusted" denotes exclusion of interbank and U.S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of
loans to banks (domestic commercial banks only, beginning July 1959) and deduction of valuation reserves (individual loan items are gross, i.e., before deduction of valuation reserves).
§For bond yields, see p. S-20.
JMinor revisions prior to September 1959 will be shown later.
*JData are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of June 30 (end of fiscal year).
SUEVEY OF CURRENT BUSINESS
December 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
DecemNovemBUSINESS STATISTICS
October
ber
ber
S-17
1960
January
February
March
April
May
June
July
August SeptemOctober November
ber
FINANCE—Continued
CONSUMER CREDIT f
(Short- and Intermediate -term)
49, 872
50, 379
52, 046
51 356
51,021
51,162
52, 169
52, 831
53, 497
53 653
53 928
54 128
54 201
do_ _
38, 421
38, 723
39, 482
39, 358
39, 408
39, 648
40,265
40, 740
41, 362
41, 687
41, 995
42, 136
42, 217
Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
- do_ _
do_ _
do
do
16, 659
9, 534
2,653
9,575
16, 669
9,687
2, 683
9,684
16, 590
10, 243
2,704
9,945
16, 568
10, 129
2, 691
9,970
16, 677
9,997
2,695
10,039
16, 876
9,940
2, 706
10, 126
17, 218
10, 022
2, 736
10, 289
17, 481
10, 080
2,786
10, 393
17, 807
10, 194
2,824
10, 537
17, 946
10, 202
2, 852
10, 687
18, 078
10, 202
2,891
10, 824
18, 086
10, 255
2,916
10, 879
18, 055
10, 342
2,928
10, 892
By type of holder:
Financial institutions, total
Commercial banks
Sales finance companies
Credit unions
Consumer finance companies
Other
do
do
do
- do _
do
do
33, 318
14, 817
10, 071
3,143
3, 570
1, 717
33, 519
14, 853
10, 117
3,183
3, 622
1,744
33, 838
14, 922
10. 145
3,232
3, 764
1,775
34, 003
15, 066
10, 168
3, 225
3.777
1,767
34, 246
15,134
10, 276
3,259
3,795
1,782
34, 432
15, 139
10, 357
3,331
3,811
1, 794
35, 085
15,402
10, 604
3,418
3,858
1,803
35, 554
15, 597
10, 744
3,484
3,888
1,841
36, 127
15, 834
10, 945
3, 570
3,938
1,840
36, 506
15, 927
11,062
3,622
4, 035
1,860
36, 849
16, 051
11, 142
3,696
4,085
1,875
36, 977
16,115
11, 154
3,736
4,097
1,875
36, 993
16. 107
11,147
3,774
4,087
1,878
__ do
do
do
do_ _
do
5,103
1,967
1,089
5,204
2,045
1,107
5, 644
2,298
1,167
5,355
2,109
1,132
5,162
2,002
1,111
5, 216
2,103
1,089
5, 180
2,055
1,080
5, 186
2, 059
1,071
5,235
2,078
1,078
5,181
2,044
1,071
5,146
2,017
1,078
5,159
2,051
1,075
5,224
2,108
1,076
1,454
1,460
1,591
1, 527
1,459
1,429
1,439
1,441
1,453
1,434
1,415
1,397
1,406
do
11, 451
11, 656
12, 564
11,998
11, 613
11, 514
11,904
12, 091
12, 135
11,966
11, 933
11,992
11, 984
do
do
do
4,050
3,466
4,117
3,472
4,176
3,542
4,092
3,499
4, 151
3,496
4,222
3,503
4,247
3,569
4,345
3,573
4,321
3,623
4,290
3,605
4,299
3, 594
4,376
3,637
4,326
3, 615
do
do
do
do_ _
do
Total outstanding end of month
Installment credit total
mil of dol
_ __
Retail outlets total
Department stores
Furniture stores
Automobile dealers
Other
"Nfoninstallment credit total
Single-payment loans, total
Commercial banks*
Other financial institutions*
_ _ _
Charge accounts total
Deportment stores*
Other retail outlets*
Credit cards*
Service credit
Installment credit extended and repaid :
Unadjusted:
Extended total
_
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
All other
Adjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
_ _ _
Repaid, total
Automobile paper
Other consumer goods paper
All other
_ _ _
__
593
584
592
588
587
590
4.480
4,563
3,483
3,565
3,475
3, 415
3,377
3,446
3,206
3,199
3,186
3,170
3,161
3,136
3,095
1,362
4,201
1,633
1, 062
1,506
4,457
1,697
1,168
1,592
4, 335
1,664
1, 153
1,518
4,561
1,738
1,226
1,597
4,141
1,477
1,072
1,592
4,301
1,576
1,111
1,614
3,965
1,383
1,126
1,456
3,980
1,412
1,180
1,388
3,673
1,318
1,066
1,289
3,961
1,434
1,119
1,408
3,840
1,355
1,086
1,399
3,860
1, 401
1,095
1,364
3,939
1,412
1,112
1,415
3,816
1,338
1, 064
1,414
3,993
1,444
1,111
1,438
3,824
1,375
1,073
1,376
3,899
1,443
1,093
1,363
4,217
1,535
1,208
1,474
4,115
1,560
1,094
1,461
4,119
1,555
1,118
1,446
4,437
1,652
1,240
1,545
4,209
1,543
1,164
1, 502
4,202
1,501
1,191
1,510
4,227
1,418
1,163
1,646
4,029
1,411
1,073
1,545
,082
,389
,141
,552
4, 096
1,492
1,139
1,465
3,776
1,361
1,066
1,349
3,824
1,386
1,089
1,349
3,707
1,338
1,046
1,323
3,711
1,345
1,042
1,324
3,904
1,397
1,084
1,423
3,886
1,411
1,099
1, 376
3,860
1,384
1,094
1,382
3,978
1,390
1, 115
1,473
3,861
1,377
1,085
1,399
,890
,360
,101
1,429
3,966
1,438
1,123
1,405
8,350
7, 339
5, 425
4,867
9,289
7,237
12, 217
9, 580
7,468
5,064
9,725
6,550
rr 12, 804
10, 891
3,976
3,128
8,590
6,454
10,211
8,981
93
87
3, 641
2,823
91
90
4,290
5,783
1,401
4,996
409
4,486
3,492
1,296
1,609
1,918
1,466
' 4, 125
5,530
r
1, 155
r
1, 903
1,439
1,608
1,484
1,354
1,383
6,032
6,073
' 6, 521
'801
6,172
6,803
6,793
6,829
3,471
1, 533
3,976
1,645
3,910
1,746
288, 672
285, 634
240, 413
10, 641
45, 222
3,038
288, 423
285, 358
240, 382
10, 487
44, 977
3,065
4,305
3,491
3,506
3,985
3,577
3,204
2,876
2, 925
3,037
3,090
3,157
do
do
do
do
4,185
1,564
1,198
1,423
3,928
1,313
1,172
1,443
4,686
1,293
1,616
1,777
3, 534
1,278
3,723
1,427
1,280
do
do
3,726
1,375
1,054
1,297
3,626
1,303
1,019
1,304
3,927
1,372
1,060
1,495
3, 658
1,300
1,090
1,268
do
do
do
do
4,219
1,622
1,124
1,473
4,083
1,466
1,133
1,484
4,046
1,377
1,146
1,523
do
do
do
do. __
3,697
1,341
1,048
1,308
3,700
1,311
1,069
1,320
3,626
3,018
7,152
5,889
do
_
960
406
825
686
414
415
976
934
698
4,118
4,451
4,547
3,070
3,380
3,174
634
4,473
4,816
655
772
636
4,506
5,351
593
678
636
632
4,628
4,614
391
626
739
4,525
717
615
705
634
647
719
606
685
645
387
595
622
426
657
414
647
417
634
585
585
429
473
446
626
477
711
662
455
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipts net ^
Customs
-_
Individual income taxes
Corporation income taxes
Employment taxes
Other internal revenue and receipts
Expenditures, total f
Interest on public debt
Veterans' services and benefits
Major national security
All other expenditures
mil of dol
do
-_
_ do
do
do
do
do
do
do
do
do
do
Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
do
Interest bearing, total
..do _
*
Public issues
- _
_
_.
do
Held by U R Govt investment accts cT do
Special issues
do
Noninterest bearing _
do
90
94
99
90
93
2,733
3,180
3,004
5,718
105
1,468
4,444
1,299
527
564
341
1,244
1,811
1,427
1,611
1,384
3,332
6,192
1,149
1,439
6,863
6,590
6,601
6, 157
6,142
6,423
491
278
732
405
405
965
743
424
800
430
483
826
419
3,980
1,751
3; 643
1,788
4,231
1,384
3,523
1,431
291, 253
288, 478
244, 882
9,895
43, 596
2,775
290, 589
287, 742
244, 160
10,117
43, 582
2,847
290, 798
287, 704
244, 197
10,098
43, 506
3, 094
291, 085
288, 086
245, 456
10, 496
42, 630
2,999
779
420
784
457
91
619
858
772
421
467
772
422
670
383
3,976
1,207
3,669
1,179
3,669
1,216
3,971
»• 1, 593
290, 583
287, 588
244, 753
10, 322
42, 835
2,995
286, 826
283, 772
240, 515
10, 330
43, 257
3,054
288, 787
285, 773
242, 930
10, 283
42, 843
3,014
289, 367
286, 308
242, 408
10,385
43, 900
3,059
286, 331
283, 241
238, 342
10, 360
44, 899
3,090
751
461
806
404
424
3,684
1, 287
r
84
r
288, 338
285, 285
241, 088
10, 559
44, 198
3,053
r
792
736
416
92
481
389
748
290, 487
287, 372
243, 097
290, 414
287, 138
242, 578
44, 275
3,115
44, 561
3,276
118
161
124
130
135
138
133
140
134
127
132
157
153
159
Obligations guaranteed by U.S. Govt., end mo__do
U.S. savings bonds:
49,
715
48, 182
47, 889
47, 620
48, 647
48, 085
47, 824
47, 578
49, 552
48, 273
47, 629
47, 953
47, 605
Amount outstanding, end of month
do
47, 596
358
421
349
332
438
393
354
377
340
340
326
340
346
355
Sales, series E and H
do
742
584
1,404
508
923
683
588
627
564
527
453
413
476
398
Redemptions
do
LIFE INSURANCE
Institute of Life Insurance:!
Assets, total, all U.S. life insurance companies
112, 405 1 12, 904 113,626 114, 202 114, 666 114,965 115, 394 115, 908 116, 377 117, 005 117, 581 117, 947 118, 544
mil. of dol
Bonds (book value), domestic and foreign, total
56, 623
57, 291
57, 494
58, 164
56, 742
57, 214
56, 700
57, 061
57, 190
57, 877
58, 398
57, 557
58, 031
mil. of dol
7,147
6,661
6, 559
U.S. Government..
_ do
6,723
6,632
6, 524
6,848
6,808
6,592
6,586
7,016
7,011
6,975
3,304
3,257
3,138
3, 154
3,197
3,222
3,278
3,421
3,177
3,317
3,464
3,546
3,579
State, county, municipal (U.S.)
do
15,555
15, 834
15, 768
15, 783
15, 807
15, 868
15, 875
15, 630
15, 748
15, 744
Public utility (U.S.). _
_ __
do
15, 844
15, 761
15, 843
3,795
3,781
3,764
3,770
3,796
3,775
3,767
3, 756
3,749
3,779
3 766
Railroad ( U S )
do
3,758
3,790
24. 114
24. 224
24. 384
24. 998
24.609
23. 643
24. 729
24.743
23. 738
24. 002
24. 473
23. 788
Industrial and miscellaneous (U.S.1)
do __
23. 907
r
Revised.
v Preliminary.
fRevised series (to adjust to 1958 bench-mark data, to incorporate other changes, and to include data for Alaska beginning January 1959 and for Hawaii
beginning August 1959). Revisions for installment credit extend back to June 1956; those for noninstallment credit, back to January 1947, For revisions prior to October 1958, see the November 1959
Federal Reserve Bulletin,
*For data prior to March 1959, see Federal Reserve Bulletins.
IData for net receipts and total expenditures reflect exclusion of certain interfund transactions;
comparable data for July 1958-July 1959 will be shown later.
cfFor data prior to January 1959, see Treasury Bulletins.
JRevisions for January-October 1958 will be shown later.
SUKVEY OF CUKRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December 1960
1959
1960
DecemOctober November
ber
January
February
March
April
May
June
July
August
Septem- October November
ber
FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance®— Continued
Assets, all U.S. life insurance companies— Con.
Stocks (book value), domestic and foreign, total
mil. of dol_ _
Preferred ( U S )
do
Common (U.S.)
- __.do ._.
Mortgage loans, total
__ _do
Nonfarm
__do
3,591
1,697
1,852
38, 744
35, 936
3,630
1,716
1,871
38, 984
36, 169
3,702
1,713
1,942
39, 299
36, 475
3,717
1,720
1,949
39, 573
36, 753
3,735
1,727
1,961
39, 769
36, 933
3,722
1,750
1,927
40,011
37, 155
3,742
1,753
1,944
40, 236
37, 358
3,785
1,770
1,971
40, 439
37, 545
3,788
1,723
2,019
40, 631
37, 722
3,828
1,790
1,988
40, 694
37, 769
3,881
1 818
2,010
40, 920
37, 982
3,885
1 836
1,996
41, 099
38, 153
3,941
1 871
2,017
41,313
38, 356
3,631
4,511
1,195
4,110
3, 673
4, 555
1,228
4,134
3,670
4,605
1,327
4,281
3,688
4, 651
1, 236
4,276
3,698
4,709
1,183
4,382
3,712
4,774
1, 153
4,379
3,721
4,838
1,192
4,374
3,766
4,897
1,180
4,347
3,786
4, 957
1,213
4,445
3,809
5,029
1,225
4,543
3,822
5 085
1,229
4,613
3,828
5,138
1,178
4,655
3,834
5 182
1,268
4 608
5,928
1 084
587
1
4, 257
6,250
1,327
581
1
4, 342
8,017
2 589
529
1 4, 899
4,864
872
491
3,501
5,396
986
567
3,843
6,284
1,092
576
4,616
5,842
913
597
4,332
6,069
929
656
4,484
6,716
1,611
607
4,498
5, 923
1,327
541
4,055
5 900
1 017
569
4,314
5,585
1,031
550
4,004
6 065
1 228
580
4,257
do
do
do
do
do ___
do
256
882
823
335
555
196
281
954
826
320
565
200
312
990
925
384
617
221
222
734
683
280
434
164
241
824
767
303
495
181
285
954
941
357
569
223
263
919
871
322
559
207
276
945
869
349
593
215
277
946
852
362
591
216
245
846
783
339
525
190
268
887
858
352
559
201
236
782
784
329
527
199
259
866
845
335
576
236
West South Central
do
Mountain
_
do
Pacific (irtel. A laska and Hawaii)
do
Institute of Life Insurance: t
Payments to policyholders and beneficiaries, estimated total
mil. of dol_Death benefits
do
Matured endowments
do
Disability payments
do
404
182
541
392
180
539
478
233
644
353
163
467
393
161
477
466
216
605
432
197
562
447
209
581
468
207
580
424
190
613
424
205
559
418
200
529
394
195
552
592.2
244.9
50.3
10.1
591.5
244.5
49.9
9.4
814.2
307.4
60.0
10.1
636.3
258.6
61.0
11.0
656.6
282.5
57.3
9.9
770.2
327.5
63.5
11.1
650.1
270.2
56.9
9.8
673.5
285.6
57.7
10.2
672.9
280.0
57.3
9.9
605.7
251.4
48.4
9.7
679.4
292.2
51.4
10.7
633.3
260.9
50.9
9.6
626.1
258 4
52.8
10 3
54. 3
124.4
108. 2
54.8
116. 6
116.3
48.1
144.2
244.4
75.1
126.4
104.2
58.5
129.4
119.0
58.6
155.9
153.6
59.3
132.5
121.4
60.1
139. 0
120.9
60.8
134.7
130.2
59.4
132.1
104.7
59.5
142.4
123.2
56.5
125.9
129.5
58 8
132.9
112 9
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
_ _ d o __
Ordinary total
do
New England
Middle Atlantic
East North Central
West North Central
South Atlantic _
East South Central
._
Annuity payments
Surrender values
__
Policy dividends
Life Insurance Association of America:
Premium income (39 cos.), quarterly total
Accident and health
Annuities
Group
Industrial
Ordinary
do
do
do
do
do
do
do
do
do
2, 815. 5
552.0
256.8
357.0
170.1
1, 479. 6
'2,771.2
539.6
240.7
321 8
173.0
' 1,496.0
2, 825. 0
522.7
269.9
344.8
176.0
1,511.6
°3, 069. 3
526.7
«387. 6
324.9
276. 2
1,553.9
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of mo.)
Net release from earmark §
Exports
_"
Imports
mil. of doL.
do
thous. of dol_.
do
Production reported monthly total 9
Africa
Canada
_
__.
United States
Silver:
Exports
do
do
do _.
do
19, 585
51.9
62
23, 616
19, 566
-71.4
418
47, 931
19, 456
—112.0
176
9,092
19, 444
-ll.fi
106
2,453
19, 421
-21.3
42
4,440
19, 408
-13.5
111
17, 592
19, 360
-71.5
278
8,639
19, 352
-14.2
71
10, 321
19, 322
-101.8
121
76, 649
19, 144
-222. 3
148
49, 096
19, 005
-151.4
39
11, 954
18, 685
-319. 5
167
5,376
91, 600
66, 900
13, 900
3,500
90,000
65, 600
13, 600
3,400
88, 500
64, 400
13, 200
3,700
89, 300
66. 300
13, 200
3,400
65, 600
13,000
3,100
64. 800
13, 600
3,500
67, 000
12, 800
3, 500
68,700
13, 200
4,100
13,500
3,900
13, 800
4,500
13, 300
4,900
12, 900
5,000
184
4,219
.914
138
3,445
.914
743
5,345
.914
2,134
3,378
.914
1,156
5,002
.914
1,841
5,501
.914
1,255
6,739
.914
1,003
3,982
.614
3,545
6,649
.914
2,074
4,396
.914
2,466
4,251
.914
1,801
5,864
.914
1 754
3 999
.914
3,072
4,408
510
2, 333
4,196
635
2,679
3,092
756
2,755
3,816
3,327
2,864
4,543
3,454
2,734
3, 360
4,010
2,582
4,240
3,866
2,348
3,202
3,425
2,966
3,565
3 278
' 2, 914
2,644
2,817
3, 115
31.9
251.7
3.1
6.4
32.5
251.1
3.0
5.5
32.6
256.0
3.2
6.2
31.6
250.5
2.8
4.8
31.6
248.0
2.6
5.8
31.6
247.3
2.7
5.6
31.6
250.2
2.8
5.7
31.9
249.3
2.8
8.1
32.1
251.0
2.9
8.2
32.0
252.9
2.8
7.4
32.0
252 2
30
6.6
32.0
255. 1
2.9
r
8. 7
32 1
257 5
31
7. 1
242.2
112.7
101.1
28.3
242.6
113. 1
100.3
29.1
246.6
115 4
101.8
29.4
242.9
114.0
101.0
27.9
239.6
110.5
101.2
28.0
239.0
108. 8
102.2
28.1
241.7
111 5
102.3
27.9
238.4
107.7
102.6
28.1
239.8
107.8
103.7
28 3
242.6
110.1
104.2
28.4
242.7
108 9
105.2
28 5
243.6
109.3
106.0
28.3
* 247. 2
112 2
106 7
28 3
60.1
32.8
24.7
60.1
33.6
25.3
60.1
33.2
24.9
55. 7
33.0
25.1
58.5
35.7
26.4
57.9
34.0
25.8
56.4
35.3
26. 1
61. 1
35.5
26.3
61.3
35.7
26.4
58.9
34.2
25.5
65.5
36.7
26.6
68.5
35.8
26.0
60 0
*>34. 9
J>25 5
do
Imports
do
Price at New York
dol. per fine oz__
Production:
Canada.
thous. offineo z _ _
Mexico
_
_
do
United States
do
Money supply (end of month, or last Wed.):
Currency in circulation.
_ _ _
bil. ofdoL.
Deposits and currency, total
do
Foreign banks deposits, net
do
U.S. Government balances
. do __
Deposits (adjusted) and currency, totalf
do _._
Demand deposits, adjusted^
do
Time deposits, adjusted^
do
Currency outside banks
_
do
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas, adjusted:!
New York City
ratio of debits to deposits
6 other centerscf - - -- - - do
337 other reporting centers
do
r
18,402
—397 5
270
125, 558
p 17, 910
.914
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):O
3,832
Net profit after taxes all industries
mil. of dol
321
Food and kindred products
do
121
Textile mill products
do
Lumber and wood products (except furniture)
51
mil of dol
159
Paper and allied products
do
r
l
Revised.
» Preliminary.
Includes revisions not distributed by regions.
3,992
261
93
4,081
305
86
3,612
349
80
24
143
45
159
34
144
© See footnote "t" for p. S-17.
{Insurance written includes data for Alaska beginning 1957 and for Hawaii beginning 1958; revised figures for 1958-April 1959 (including these States) will be shown later. Payments to
policyholders, etc., include data for Alaska beginning January 1959 and for Hawaii beginning September 1959. § Or increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Chile (except for January 1960); Nicaragua; Australia; and India.
IfThe 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.
{Revised series, replacing unadjusted rates shown prior to the February 1960 SURVEY and incorporating two major changes. See the January 1960 Federal Reserve Bulletin for details and
data back to January 1950.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
©Effective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with
previously published data. Comparable data for 1st quarter of 1958 are available upon request.
<» Revisions for 3d quarter 1959 (mil. dol.): Total, 2,705.9; annuities, 292.7.
SURVEY OF CURRENT BUSINESS
December 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-19
1959
1960
DecemOctober November
ber
January
February
March
April
May
June
July
August SeptemOctober November
ber
FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporationsG — Continued
Net profit after taxes— Continued
Chemicals and allied products
mil. of dol
Petroleum refining
do
Stone clay, and glass products.do __.
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinerv and transport equip ) mil of dol
Machinery (except electrical)
do
Electrical machinery equip., and supplies do__
Transportation equipment (except motor vehicles,
etc )
mil. of dol
Motor vehicles and parts
do
All other manufacturing industries
do_.
Dividends paid (cash), all industries
do
Electric utilities, net profit after taxes (Fed. Res.)
mil. of dol
Transportation and communications (see pp. S-23 and
S-24).
478
690
135
116
204
507
684
92
141
400
559
623
187
141
263
504
738
177
116
13°
98
« '272
< > ' 362
95
••263
••272
r
319
r
123
265
131
231
250
62
318
445
64
565
390
74
504
428
50
191
482
2,351
2,001
2 024
1 953
422
502
422
418
SECURITIES ISSUED
Securities and Exchange Commission: t
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
Extractive (mining)
Public utility
Railroad _ _
Communication
Financial and real estate
mil. of dol
4,121
1,722
1,942
1,958
2,127
2,077
4,579
1,951
2 493
1 626
r
3,844
644
230
47
1,487
657
173
61
1,763
747
134
45
1,833
524
100
26
1,942
554
156
29
1,858
675
173
46
4,352
584
196
31
1,760
404
153
38
2 237
859
229
26
1 . 04
648
101
21
do__
do
do__
do
do
do
do.
922
103
19
348
23
128
145
891
119
12
251
6
264
185
926
173
10
351
3
73
205
649
77
31
158
19
37
250
740
73
10
253
5
82
206
894
195
79
202
8
70
223
811
180
6
326
29
53
147
595
101
34
147
20
38
150
1 115
265
4
371
46
65
293
770
190
26
144
31
58
280
Noncorporate, total?
- - --- do..
U S Government
do
State and municipal
__do__
New corporate security issues:
Estimated net proceeds, total...
do_.
Proposed uses of proceeds:
New money, total
do _
Plant and equipment
do
Working capital
do__
Retirement of securities _
do
Other purposes
do..
State and municipal issues (Bond Buyer) :
Long-term ___
_
do
Short-term
do
3,200
2,574
587
830
332
458
1,016
380
476
1,309
420
696
1,388
435
622
1,183
391
568
3,768
2,860
717
1, 356
368
556
1 378
350
978
856
353
475
do
do
do
do
r 3 177
r 3 006
1 893
r
r I
612
92
57
1 764
878
104
25
761
170
306^
16
91
89
1 008
257
13
194
8
255
210
065
r 682
886
345
343
1 822
816
137
34
987
232
9
226
16
163
220
r
2, 190
1r 371
607
r I
678
338
898
871
907
635
724
875
789
577
1 085
753
968
746
989
801
647
154
19
78
803
643
160
7
61
844
619
225
7
56
550
302
247
58
27
667
404
263
9
48
803
478
325
15
57
681
479
202
23
86
519
333
187
11
48
985
613
372
51
50
652
311
340
26
75
919
640
279
6
43
692
549
144
8
46
891
624
267
24
74
587
235
458
343
476
358
696
268
622
345
568
365
717
365
556
351
978
297
475
280
607
505
682
199
320
146
360
3,378
967
2,405
372
3,438
974
2,493
375
3,430
996
2,583
366
3,333
1,001
2,423
375
3,267
981
2,396
366
3,145
988
2,220
354
3,150
940
2,340
362
3,151
970
2,322
366
3,188
1,016
2,272
361
3,113
1 018
2,229
362
3,220
1,021
2,236
356
3, 259
1 059
2,320
377
3 243
1 063
2, 300
88.85
88.95
81.61
88.42
88.52
81.32
87.48
87.56
81.18
88.26
88 36
80.98
88.86
88.97
81.67
90.90
91.02
82.54
90.08
90.18
82. 59
90.42
90.53
82.25
91.30
91 44
81 98
93.15
93 32
81 98
93.25
93.40
82.35
93 09
93 27
81 19
92 82
92 99
81 48
92.8
100. 1
84. 95
92.9
100.9
84.82
92.4
99.3
83.00
92.0
98.3
81.81
92.8
100. 4
83.60
93.9
101.9
85.32
94.2
102.3
84.24
94.1
102.1
84.39
94.2
103 1
85.50
94.8
103 9
88.12
96.4
106.7
88.93
96.7
106 7
88.57
96.0
105 8
87.50
143, 838
145, 716
142, 252
146, 631
173, 204
177, 574
148 246
146 910
133, 529
135, 138
157,591
158,056
138, 221
131, 152
139, 696
133, 902
156, 527
150, 183
115, 992
121, 746
133, 757
134,897
107, 194
109, 017
117, 722
118,667
141, 290
143, 316
139, 702
144, 516
170, 098
174, 505
144. 924
143 885
131, 601
133, 179
155,685
156,053
136, 699
129, 427
137, 916
132, 101
153, 990
147, 589
114, 373
119, 997
130, 349
132, 295
104, 218
106, 038
115,822
116, 622
123. 333
0
123, 333
118,668
4,665
130, 050
11
130, 039
124, 668
5,371
155, 742
0
155, 742
150, 433
5,309
116, 340
0
116,340
110, 125
6,215
116, 392
2
116, 390
110, 029
6,361
132, 040
0
132,040
125,256
6,784
110,727
3
110,724
104,813
5,911
114, 871
0
114, 871
109, 044
5,827
120, 465
0
120, 465
115, 173
5,292
93, 696
0
93, 696
87, 282
6,414
109, 148
0
109,148
102, 913
6, 235
93, 925
0
93, 925
88, 783
5,142
99, 342
0
99, 342
92, 887
6,455
106,899
104, 223
1,589
106, 499
103, 826
1,582
105, 422
102, 723
1,617
106, 2S7
103 596
1,610
107, 041
104, 346
1,621
109, 655
106 814
1,634
109,007
106 176
1,626
109, 395
106, 576
1,612
106, 876
104, 039
1,622
108, 994
106, 149
1,602
110,058
107 192
1,608
110, 100
107 273
1, 585
109, 859
107, 004
1,613
120, 319
117, 171
1,947
120, 441
117,291
1.945
120, 508
117,311
1,992
120, 431
117, 237
1.988
120, 460
117, 277
1.985
120, 627
117,350
1.980
121,007
117,740
1.969
120, 979
117, 719
1.960
117, 060
113, 780
1,979
117,004
113,748
1.955
118,018
114, 763
1.953
118,271
115,015
1.952
118,357
115,074
1.980
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__
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)^
dol. per $100 bond..
Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxablef
_ do
Sales:
Total, excluding U.S. Government bonds (SEC):
All registered exchanges:
Market value
thous. of dol
Face value
do
New York Stock Exchange:
Market value
.
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, total §
thous. of dol
U.S. Government
do.
Other than U.S. Government, total§
do
Domestic
_ .__
do
Foreign
do
Value, issues listed on N.Y.S.E., end of mo.:
Market value, total, all issues §
mil. of dol
Domestic
do
Foreign
do
Face value, total, all issues §
Domestic
Foreign
...
r
_
do. _
do
do
95.5
107.7
87.23
Revised.
« Revisions for 3d quarter 1959 (mil. dol.): Machinery (except electrical), 335; electrical machinery, 301.
©See corresponding note on p. S-18.
^Revisions for January-March 1959 will be shown later.
9Includes data not shown separately.
§Data include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds.
cfN umber of bonds represent number currently used; the change in the number does not affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
SURVEY OF CUERENT BUSINESS
S-20
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
NovemDecemBUSINESS STATISTICS
October
ber
ber
December 1960
1960
January
February
March
April
May
June
July
August
SeptemOctober
ber
November
FINANCE—Continued
SECURITY MARKETS— Continued
Bon ds— Con tinue d
Yields:
Domestic corporate ( Moody 's)
By ratings:
Aaa
Aa
_
._ _
A
Baa
__
_
By groups:
Industrial
__
Public utility
Railroad
Domestic municipal:
Bond Buyer (20 bonds) _ _
Standard and Poor's Corp. (15 bonds)
U S Treasury bonds, taxable §
percent ..
4.87
4.85
4.87
4.91
4.88
4.81
4.76
4.80
4.78
4.74
4.61
4.58
4.63
4.64
do
do._do
do _ _ .
4.57
4.76
4.87
5.28
4.56
4.70
4.86
5.26
4.58
4.74
4.89
5.28
4.61
4.77
4.93
5.34
4.56
4.71
4. 92
5.34
4.49
4.62
4.86
5.25
4.45
4.58
4.79
5.20
4.46
4.61
4.84
5.28
4.45
4.60
4.81
5.26
4.41
4.56
4.77
5.22
4.28
4.44
4.65
5.08
4.25
4.41
4.63
5.01
4.30
4.44
4.67
5.11
4.31
4.47
4.69
5.08
do.
do
do_-_
4.70
4.95
4.96
4.69
4.86
4.99
4.70
4.88
5.05
4.74
4.92
5.08
4.71
4.89
5.05
4.64
4.79
4.99
4.61
4.70
4.97
4.65
4.76
4.98
4.64
4.75
4.94
4.61
4.71
4.90
4.49
4.53
4.82
4.46
4.48
4.78
4.50
4.56
4.84
4.51
4.56
4.85
do__.
do
- do
3.55
3.99
4.11
3.60
3.94
4.12
3.77
4.05
4.27
3.68
4.13
4.37
3.65
3.97
4.22
3.50
3.87
4.08
3.61
3.84
4.17
3.61
3.85
4.16
3.53
3.78
3.99
3.47
3.72
3.86
3.33
3.53
3.79
3.51
3.53
3.82
3.42
3.59
3.91
3.43
3.46
3.93
878.5
390. 6
2, 425. 0
986.7
457.5
1,931.7
896.8
355.0
1,948.3
896.7
371.5
1,965.5
921.5
387.6
165. 2
305. 3
8.8
105.9
155. 5
2.8
335. 4
1, 522. 1
123.4
252. 8
293.3
11.0
168.9
132. 7
3.3
157.3
1,259.3
107.3
177.9
310.0
10.5
78.9
134.5
3.8
153. 3
1,261.4
109.3
184.6
310.9
9.0
78.7
137.1
3.0
169. 5
1, 264. 9
106. 6
175. 6
330. 1
10.9
104.5
136.0
2.9
200.2
108.2
20.2
61.5
9.1
1.7
100.6
3.6
12.5
8.0
88.5
175. 7
78.0
60.7
41.2
201.7
109.1
32.7
74.0
12.1
1.8
102.2
4.4
37.1
7.1
88.6
175.4
60.1
52.3
31.4
200.8
111.4
20.6
55.5
10. 1
2.6
103.2
1.0
23.7
7.3
89.7
178.6
65. 5
56.7
33.8
201. 7
106.1
18.0
56.3
10.1
1.8
112.2
4.2
25.0
9.5
94.6
180.3
62.3
56.5
30.8
202.3
113.1
20.0
57.8
11.7
2.1
109.6
1.4
23.0
8.1
5.45
5.85
2.63
3.48
3.82
4.33
5.56
6.01
2.64
3.48
3.82
4.33
5.56
6.01
2.64
3.53
3.90
4.40
5.58
6.04
2.67
3.53
3.96
4.40
5.57
6.03
2.67
3.53
3.96
4.40
5.58
6.03
2.67
3.53
3.96
4.63
5.59
6.05
2.67
3.56
3.96
4.63
5.59
6.05
2.67
3.56
3.96
4.63
5.59
6.06
2.67
3.56
3.96
4.81
5.59
6.05
2.68
3.56
3.96
4.81
5.58
6.03
2.68
3.56
3.96
4.85
5.57
6.02
2.69
3.56
3.96
4.85
5.58
6.04
2.69
3.47
3.96
4.85
5.57
6.00
2.71
3.46
4.00
5.01
162. 37
186.60
.. 65.51
70.24
164. 47
189. 96
65. 38
68.39
169. 29
195 43
65.77
70.24
156. 61
178. 05
64.67
67.98
157. 86
177. 30
66.13
67.05
155.24
174.01
66.66
64.15
152.00
169.82
67.30
62.49
155. 49
174. 47
67.31
62.49
158. 87
178. 62
71.51
64.20
155.33
173. 55
71.12
61.95
159. 22
176. 68
73.59
62.28
149. 53
165. 61
70. 25
57.56
149. 30
164. 91
70.27
57.68
154. 57
169. 92
72.24
60.39
3.36
3.14
4.01
4.95
3.70
3.03
3.38
3.16
4.04
5.09
3.57
2.83
3.28
3.08
4.01
5.03
3.38
2.72
3.56
3.39
4.13
5.19
3.68
2.86
3.53
3.40
4.04
5.26
3.84
2.76
3.59
3.47
4.01
5.50
3.85
2.87
3.68
3.56
3.97
5.70
3.92
2.93
3.60
3.47
3.97
5.70
3.87
2.97
3.52
3.39
3.73
5.55
3.98
2.98
3.60
3.49
3.77
5.75
4.04
2.93
3.50
3.41
3.64
5.72
4.00
2.87
3.73
3.64
3.83
6.18
4.02
3.08
3.74
3.66
3.83
6.02
4.02
3.07
3.60
3.53
3.75
5.73
3.93
2.97
Stocks
Cash dividend payments publicly reported: t
Total dividend payments
_*_
mil. of doL_
Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas
Railroad
Trade
Miscellaneous
do
do
do
__
do _
_.do
do
_ __ do __
do
-
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) -dollars. _
Industrial (125 stocks)- __ .
_. d o . _ .
Public utility (24 stocks)
do
Railroad (25 stocks).
do _ _ .
Bank (15 stocks)
do
Insurance (10 stocks)
do _
Price per share, end of month (200 stocks) 9 ---do
Industrial (125 stocks)
do
Public utility (24 stocks) _
. _ do
Railroad (25 stocks)
do
Yield (200 stocks)
Industrial (125 stocks) _ _
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks)
-_
percent-do ___
do
do
do
do
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp.)
percent-Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
__.
Railroad (20 stocks) Standard and Poor's Corporation :<?
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10—
Industrial, total (425 stocks) 9
Capital goods (127 stocks)
Consumers' goods (193 stocks)
Public utility (50 stocks)
Railroad (25 stocks)
Banks:
N.Y. City (11 stocks)
Outside N Y City (16 stocks)
Fire insurance (15 stocks)
4.81
4.81
4.85
4.87
4.82
4.76
4.71
4.75
4.74
4.70
4.61
4.69
4.75
4.78
212. 04
637. 34
87.87
157. 51
211. 25
646. 43
86.56
150. 26
217.52
671.35
87.09
153.79
214. 81
655. 39
86.78
156. 15
206. 74
624. 88
85. 87
150. 73
203. 52
614. 70
87.36
144. 17
205. 04
619. 98
89.10
142. 97
203. 39
615. 64
88.91
140. 60
210. 96
644. 38
91.54
143. 04
206. 96
625. 83
93.59
138. 36
206. 82
624. 47
94.46
137. 39
199. 78
598. 10
94.37
130. 98
194. 49
582. 45
92.86
125. 80
199. 54
601. 14
94.14
128. 62
57.00
57.23
59.06
58.03
55. 78
55.02
55.73
55.22
57.26
55.84
56.51
54.81
53.73
55.47
do „
do
do _ _ _
do .
do
61.04
64.25
48.22
44.11
34.32
61.46
64. 63
48.81
43.71
32.80
63. 56
67. 14
49.97
44.31
33.57
62.27
65. 01
49.00
44. 50
33.68
59. 60
61.43
46.51
44.38
32.54
58.71
60.28
46.14
44.60
31.01
59.46
60.31
46.75
45.53
30.59
58.84
59.81
46.64
45.75
30.18
61.06
62.09
48. 65
47.35
30.81
59.25
59.58
47.58
48.02
30.19
59.96
59.76
48.16
48.65
30.19
57.96
56.77
46.51
48.64
28.76
56.90
55.25
45.68
47.34
27.77
58.89
57.42
46.96
47.83
28.93
do
do __
do
26.31
53.81
30.60
26.93
54.75
31.17
29.47
56.59
33.19
28.80
56. 47
33.66
26.80
53.94
33.23
26.87
52.78
33.24
26. 36
52.54
33.78
26.06
51.25
32.69
25.70
50.94
33.81
25.71
52.09
34.24
25.26
52. 64
34.81
25.63
52.89
33.87
25.43
52.32
33.01
25.58
53.91
33.75
4 020
120 394
4 528
141 308
4 167
129 141
3 616
103 097
3 950
121 791
3 495
100, 674
3,938
117, 547
4 780
143 470
3,445
105, 352
3,751
116,064
3,450
109, 989
3,192
101, 085
3, 407
83, 884
3,767
90, 021
3,518
85, 579
3,068
72, 566
3,356
85, 102
2,939
70, 285
3, 291
82, 391
3,967
97, 625
2,862
71, 877
3,119
80, 851
2,867
74, 704
2,700
70, 210
64, 558
72, 244
63, 932
60, 533
65, 715
57, 291
68, 827
76, 533
53, 870
65, 350
60,854
54, 431
295, 165 299, 112
5,658
5,733
307, 708
5,847
287, 977
5,930
291, 191
6,002
287,416
6,050
283, 381
6,074
291, 688
6,181
298, 143
6,274
292, 392
6,306
300, 901
6, 341
283, 318
6,370
281, 529
6,388
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
ec Vc iue
fh
/i ~~ 1023 591
521
On New York Stock Exchange:
3.069
Market value
mil. of dol__
72, 810
Share^ sold
thousands.
. Exclusive of odd lot and stopped sales (N.Y.
Times)
_ _ thousands .. 61, 330
Shares listed, N.Y. Stock Exchange, end of mo.:
Mlarket value all listed shares
mil of dol
Number of shares listed
millions.
r
Revised.
*> Preliminary.
§For bonds due or callable in 10 years or more.
^Revisions for 1957-1959 are shown on p. 36 of the July 1960 SURVEY.
9 Includes data not shown separately.
cfNumber of stocks represents number currently used; the change in number does not affect continuity of the series.
'8.40
'4.08
3.09
10.00
3.99
5.28
10. 35
3.89
4 48
9 70
3 82
7 86
62, 002
SUKVEY OF CUREENT BUSINESS
December 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
DecemNovemOctober
BUSINESS STATISTICS
ber
ber
S-21
1960
January
February
March
April
June
May
July
August SeptemOctober November
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)e
Exports of goods and services total
mil
IVtilitarv transfers under grants net
Merchandise, adjusted, excluding military
actions!
mil
Income on investments abroad
Other services and military transactions
Merchandise ad justed Jcf
Income on foreign investments in U S
Military expenditures
Other servicescf
Balance on goods and services
Unilateral transfers (net) total
Private
Government
of dol
do
transof dol
do
do
6,828
460
6,734
425
4,328
1,023
1,017
4,604
705
1,000
r
-do
do
do
do
5,962
3,986
250
752
974
5,761
3,820
249
764
928
r
r
do
+866
do _
- - - - - --do
do
U S long- and short-term capital (net), total
do
Private
- - -do
Government
do
Foreign long- and short-term capital (net)
do
Gold sales [purchases ( — )]
do
Errors and omissions
- __do
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:©
274
Quantity
.- 1936-38 =100- .
601
Value
do
219
Unit value
do
Imports for consumption:©
215
Quantity
- -__do_ __
591
Value
do
274
Unit value
do
Agricultural products, quantity:
Exports, U.S. merchandise, total:
169
Unadjusted
„
_
—1952-54=100-.
153
Seasonally adjusted
_
_ do
135
Cotton Cincl. linters), seas, adj
do
Imports for consumption, total:
86
Unadjusted
do
99
Seasonally adjusted
_ _ _ _ _ _ do
89
Supplementary Imports, seas, adj
do
106
Complementary imports seas adj
do _
Shipping Weight
Water-borne trade:
7,890
Exports, incl. reexports..
thous. of long tons__
14, 710
General imports
do
Value©
Exports (mdse.), including reexports, to talj
mil. of dol__ 1, 481. 6
By geographic regions: A
49.1
Africa __
_do
257.9
Asia and Oceania
_
do
401.1
Europe
_
_
_do
Italy
Union of Soviet Socialist Republics
United Kingdom
_
North and South America:
Canada
Latin American Republics, total 9 Argentina
Brazil
Chile
-
615
6,946
265
5,r 000
744
1, 159
4,673
783
1,225
6, 049
3,r 858
233
r
736
1, 222
6,022
3,555
222
790
1,455
+973
+1, 469
+924
-1, 123
-153
-970
-1,000
-142
—858
— 1,239
'-163
— 1 076
-879
-156
—723
-536
-773
+237
+495
+72
+226
-768
-546
-222
+751
r
r
r
-1,008
-864
— 144
+514
+637
-188
—l
064
r
— 683
r— 381
r-f-gg5
+50
-6
r
+94
— 145
274
600
219
310
681
219
288
633
220
290
640
221
323
711
220
337
741
220
335
736
219
323
706
219
312
690
221
222
615
277
255
698
274
205
567
276
228
628
275
241
666
277
220
608
276
221
611
277
229
632
276
199
167
199
206
167
162
211
196
260
197
189
202
190
176
207
195
201
205
180
193
171
89
103
100
105
119
108
116
105
84
74
96
62
113
106
111
103
116
101
112
94
105
91
100
85
7,684
15, 677
8,701
16, 595
7,034
12, 805
7,282
14, 594
7,618
14, 472
1, 478. 6
1, 674. 5
1, 561. 8
1, 576. 1
53.8
268.5
427.1
66.6
305.2
514.9
52.5
311.2
498.5
57.8
327 4
470. 1
324.4
156.7
152.9
286.8
150.1
154.8
306.5
153.0
174.0
283.0
133.4
159.5
9.5
17.8
12.6
17.8
18.8
21.2
30.0
2.2
28.8
32.3
2.3
24.9
24.5
do_ _
do
do
73.4
7.0
24.5
do _do
do. -
T
297
654
221
*296
*>654
P221
201
558
277
220
607
276
204
565
277
178
201
162
176
227
504
152
191
69
165
178
91
110
116
106
124
111
114
107
120
97
108
106
109
112
122
113
129
101
111
99
121
9,192
14, 809
9,460
15, 424
9,768
17, 353
1,751.2
1, 822. 9
1, 809. 5
1, 738. 1
1, 699. 3
1, 612. 7
1, 610. 1
1, 743. 9
65.0
364.1
493.3
72.5
351 3
526.4
63.1
332 1
570.6
60 1
323 9
532 8
65.0
347 2
533.7
72 9
312 6
522 5
54.5
300 6
551.7
67 3
334 2
572 2
295 4
132 2
158.6
337.2
151.0
165.3
351 3
151.3
180.6
348 1
141.0
184.3
330 3
146 0
180 5
283 2
139 5
181.7
288 7
132 4
161.5
288 3
132 7
164.1
310 8
138 8
200 1
12.5
16. 7
10.3
23 3
14.1
22.6
15.9
26 7
9.1
25 3
76
23 5
6.9
31 2
11 1
30 8
9 0
19 8
15 8
22 2
19.9
2.2
47. 4
26.6
28
61.3
23.8
3. 1
78.8
27.7
36
81.2
30.9
30.0
69.8
31.7
39
63.2
41.6
38
66.1
37.4
4 0
61.3
35.0
35
52.9
38 4
35
68 9
90.3
4.7
25.8
121.3
8.0
25.6
106.4
12.3
23.2
107.5
88
23.0
115.7
28.1
9.6
111.4
4 3
26.2
106.0
6 4
22.7
101 3
4o
22 0
121. 1
57
25.3
93 5
51
21.6
98 0
52
21 9
99 6
56
24 3
27.2
0
66.0
30.7
(i)
72.0
53.0
0)
87.2
50.3
.2
97.1
41.3
(i)
84.2
46 8
2
86 3
49 3
18
82.3
57 3
3
80 4
48 6
1
81 9
44 3
2
87 5
do
do
do
33.8
.3
89.5
31.3
.3
84.1
46.3
2.8
97.4
44.4
1.2
100.7
50.3
4.6
94.7
93.5
98.5
135 4
55 5
4.4
114 8
60 4
1.9
117.0
49 9
5.9
99 6
54 5
3.2
152 3
52 0
4.3
145 9
do
324.3
286.8
306.5
283 0
295 4
337 1
351 3
348 1
329 8
283 2
288 7
288 3
310 7
do
289.3
282.8
303.4
270.1
268.7
290.4
306.7
302 3
302 8
296.3
271 5
273 1
312 9
do
do
do
16 4
25.5
11.1
21 2
30.4
10.9
25 7
31 5
15.0
24 7
27 6
16 2
26 7
19 8
15.1
22 9
29 6
12.9
24 5
30 8
16 7
25 9
40 0
16 6
31 8
47 0
16 2
30 8
42 1
17 6
28 7
38 0
12 9
34 3
35 2
15 0
37 7
33 9
21 o
Northern North America
do
Southern North America.
_ _
do. _
South America
__do
By leading countries:A
Africa:
United Arab Republic (Egypt Region)
do...
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
_do
Colony of Singapore
do
India and Pakistan
do __
Japan
__
Republic of Indonesia
Republic of the Philippines
Europe:
France - _
East Germany
West Germany
7,518
2.7
3.2
53.1
48 7
47 3
91.5
94.1
96.7
47.8
55 4
53 7
.3
.4
o
2.1
4
1.9
2
9,575
14, 405
,
22 7
15 6
15 2
21 8
19 9
20 0
20 6
23 7
19 4
17 3
18 0
20 8
20 8
41.7
40 7
23 8
21 5
26 1
31 4
25 7
23 2
21 7
19 5
18 1
17 8
17 1
66.4
60.4
59 2
71.2
69 1
60 6
68 5
66 8
67 0
66 6
74 4
63 3
65 5
66.1
58.0
52.9
50.4
54.5
52.2
50.2
42.4
43.9
36.9
40.9
39.1
62.6
r
Revised.
*> Preliminary.
i Less than $50,000.
2 Revision for July 1959: 13,922 thous. long tons.
0 Revisions for 1958-lst quarter 1959 appear on p. 14 ff. of the June 1960 SURVEY.
{Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing. cTExcludes military expenditures.
©Revisions for January 1958-January 1959 will be shown later.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
IData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. dol): October 1959-October 1960, respectively—83.7; 102.2; 105.2; 77.7; 78.9; 117.2; 114.7; 94.0; 100.0; 70.2; 62.6; 53.6; 53.9.
AExcludes "special category" shipments.
9 Includes countries not shown separately.
Colombia
Cuba
Mexico
Venezuela
_
do
do
do
do
SURVEY OF CUERENT BUSINESS
S-22
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
Novem- DecemOctober
BUSINESS STATISTICS
ber
ber
December 1960
1960
January
February
March
April
May
June
July
August SeptemOctober November
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueO— Continued
Exports of U.S. merchandise, totalj
mil.
By economic classes:
Crude materials
Crude foodstuffs
_
Manufactured foodstuffs and beverages
Semimanufactures 9
Finished manufactures 9
By principal commodities:
Agricultural products total cf
of dol_. 1, 465. 9
1, 462. 4
1, 658. 8
1,543.7
1, 559. 2
1, 733. 1
1, 805. 9
1, 793. 6
do
do
do
do
do
184.7
107.3
108.7
183.2
882.0
232.5
117.1
94.4
193.6
824.7
245. 3
126.2
92.3
260.0
935.0
242.7
122.4
82.9
239.8
855. 9
208.2
130.7
93.3
251.1
875.9
201.2
128.6
93.2
283.2
1,026.9
189.9
152.0
93.0
304.4
1, 066. 6
197.2
153.1
81.0
310.4
1,051.9
191.9
130.4
90.5
333.3
975.7
196.6
126.6
83.3
313.5
962.6
163.7
123.7
94.5
337.0
875. 7
188.3
145.7
96.8
287.8
876.0
239.3
143.8
102.3
285. 2
958.9
do
359.9
405.9
420.0
413.2
399.1
388.2
393.3
388.5
366.8
358.6
327.1
369.4
431.9
do
do
do
do
do_ _
46.2
44.6
103. 1
27.0
44.2
78.0
34.4
108.0
27.2
44.7
89.1
29.8
123.9
24.0
50.9
137.5
32.7
121.4
25.5
23.9
106.6
29.7
136.6
22.9
26.6
100.3
28.5
137.0
24.4
28.1
87.3
29.2
159.0
27.6
16.5
69.6
32.1
150. 2
24.2
26.3
65.4
37.3
123.2
22.5
30.8
86.5
31.4
120.3
22.7
22.3
15.9
31.0
115. 6
24.4
36.6
26.3
38.8
141.5
25.4
74.7
59.4
39.4
143.3
28.9
74.8
do
1, 106. 0
1,056.5
1,238.8
1, 130. 5
1, 160. 1
1,344.9
1,412.6
1, 405. 1
1,354.9
1, 324. 0
1,267.6
1, 225. 1
1,297.5
do
do
do
do
107.2
118.2
32.4
29.9
101.3
109.9
27.0
36.1
99.4
152.4
29.8
53.8
112. 5
132.7
21.8
50.1
122.8
121.1
22.5
55.0
125.1
146.6
22.5
67.2
121. 5
150.6
33.3
71.6
121.7
142. 5
32.6
84 2
108.7
142.9
32.6
96.9
87.0
145.3
31.7
83.1
82.4
140.9
37.5
92.4
78.1
141.8
34.0
70.1
108.5
144.9
36.1
73.7
Cotton unmanufactured
Fruits vegetables and preparations
Grains and preparations
Packinghouse products
Tobacco and manufacturesA
Nonagrictiltural products total cf
Automobiles, parts, and accessories
Chemicals and related products§
Coal and related fuels
Iron and steel products©
Machinery, total §cf
Agricultural
Tractors parts and accessories
Electrical
Metal working §
Other industrial
Petroleum and products
Textiles and manufactures
General imports total
By geographic regions :
Africa
Asia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt Region)
Union of South Africa
Asia and Oceania:
Australia, including New Guinea
Colonv of Singapore
India and Pakistan
Japan
Republic of Indonesia
Republic of the Philippines
Europe:
France
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
Argentina
Brazil
_ _
Chile
Colombia
Cuba
Mexico
Venezuela
Imports for consumption, total
By economic classes:
Crude materials __
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities:
Agricultural products, totalcf
Cocoa (cacao) beans, incl shells
Coffee
Rubber crude including guayule
Sugar
Wool and mohair, unmanufactured
Nonagricultural products total cf
Furs and manufactures
Iron and steel products©*
Nonferrous ores, metals, and mfs., totaled
Copper, incl. ore and manufactures
Tin, including ore
Paper base stocks
_ _ _ _
Newsprint
Petroleum and products
1, 721. 7 1, 682. 5 1, 594. 7 1, 594. 6
1, 729. 4
do
326.1
301.1
341.4
315.5
330.2
369.8
384.8
373.2
356.8
372.7
331.3
332.5
367.7
do
do
do
do
do
8.2
28.7
89.2
22.3
160.9
8.9
23.8
79.4
22.8
150.7
8.8
26.1
84.1
27.3
174.5
9.8
32.7
73.9
24.5
156.7
12.6
35.6
73.5
26.9
161.4
15.0
34.2
87.2
26.2
188.6
18.1
36.9
87.8
29.2
192.6
16.2
35.6
89.6
33.1
178.6
14.6
31.2
75.7
29.9
183.6
11.9
30.1
89.0
32.0
188.7
11.4
29.7
78.5
27.9
165.5
8.3
29.8
80.4
25.2
168. 3
9.4
32.2
85.7
29.5
185. 7
do
do
38.5
58.4
31.2
58.5
44.6
66.8
37.8
54.8
35.0
58.4
40.5
61.5
44.9
64.4
40 5
57.2
47.1
56.0
40.6
60.6
41.0
50.7
39.2
52.5
39.9
61.6
do
1, 202. 0
1,282.2
1,477.8
1, 137. 4
1,287.8
1,375.3
1, 257. 4
1 259 5
1, 313. 0
1,155.0
1,228.1
1, 160. 3
1, 157. 2
do
do
do
35.0
254.7
368.4
51.3
242.0
402.4
60.7
264. 4
471.7
41.6
234.7
359.0
47.9
235.9
406.2
58.4
254.2
435.1
45. 5
264.0
381.6
51 4
243 3
367 9
47.4
273.9
356.1
44.5
260.0
308.3
39.9
290.3
307.0
43.9
237.9
323.0
36.5
227.2
340.4
do
do
do
281.5
86.4
176.0
291.8
106. 9
187.8
288.8
140.9
251.3
218.1
117.6
166.5
234.9
158.4
204.5
256. 0
158.7
213.0
225.3
140.5
200.4
254. 4
156.3
186 2
271.7
131 0
232.9
233. 2
123.9
185.1
261.1
106.8
223.1
238.2
109.2
208.1
240.9
93.2
219.0
do
do
.1
8.9
.2
14.3
.3
14.8
.7
12.7
2.6
9.5
5.0
12.6
3.4
8.5
4 4
9 7
3.7
9.4
6.0
5.6
1.7
8.0
1.5
9.1
.7
8.2
do
do
do
do
do
do
15.3
3.0
18.5
95.9
15.3
25.5
14.1
1.8
19.3
95.9
12.6
21.1
20.7
2.4
21.0
107.8
15.0
14.7
14.0
1.4
20.1
93.8
21.6
22.0
16.2
1.7
25.2
83.0
15.8
24.8
11.1
1.1
23.4
9S.8
14.5
27.0
14.8
2.0
21.7
100.2
16.4
26.5
7.0
1.7
22 3
96.0
17.5
23.8
9.1
4.1
23.2
103 6
22.9
29.4
18.9
.9
25.2
96.4
14.3
36.9
16.7
1.2
19.6
109.9
22.6
35.2
9.8
1.2
22.5
96.7
17.3
19.5
8.6
1.1
19.5
95.3
15.7
19.9
do
do
do
do
do
do
36.2
.2
75.6
35.2
2 5
94.0
42.9
.2
82.5
32 2
1.0
96.6
45.0
.2
99.4
44.0
3.0
103.6
33.6
2
70.2
28.8
.9
86.9
43.2
.3
88.4
35.4
3.3
92.8
46.8
.2
90.6
40.0
1.9
107.8
38.0
.2
77.4
36.3
2.2
88. 5
35.1
2
72 Q
27 3
1 2
94 2
29.4
.3
71.1
33.2
2.8
93.8
30.7
.4
68.2
26.6
2.2
66.6
29.1
.3
63.6
34.4
1.8
69.1
22.8
.3
71.3
28.6
1.3
73.8
28.6
2
75.1
35 9
1.8
72.8
do
281.3
291.5
288.7
218.0
234.8
255.9
225.3
254 3
271.6
232.9
260. 6
238.0
240. 7
235. 3
261.8
353 0
252.4
324. 4
336. 7
306.4
308 5
332.4
273 4
291.0
280 6
278 5
do
do
do
do
do
do
do
do
8.8
42.1
16.1
25. 0
20.1
24.6
62.5
1,211.8
7.8
39.0
17.3
25.5
23.7
28.3
77.2
1,261.4
8.8
66. 5
25.8
30.1
27.5
39.1
96.3
1,431.6
7.0
27.7
18.9
18.6
25.6
38.6
72.7
1,162.5
11.5
8.4
44.9
49.2
19.8
12.8
26.4
31.2
51.6
40.8
45.4
52.4
84.6
79.8
1, 288. 6 1,366.1
9.3
47.4
17.0
18.8
48.2
38.8
84.2
1, 246. 3
8.6
47.7
13.8
24.0
60.3
40.1
72.5
1,253.1
9.0
62.0
18.5
21.6
47.7
28.2
90.3
1,295.6
8.3
49.2
13.5
18.0
46 6
24.3
68.4
1,144.8
9.1
57.5
24.6
22.1
11.7
33.1
76.0
1, 245. 3
7.6
54.4
15.7
23.5
7.9
44.0
78.2
1, 159. 1
6.9
48.9
19.8
36.2
7. 6
27.8
76.7
1,156.9
do
do
do
do
do
264.6
113.6
118.2
257.0
458.4
251. 9
129.2
109.9
299.2
471.1
283.3
189.5
127.9
322 7
508. 1
245.0
111.4
105.9
289.9
410.3
246.8
165. 9
117.3
293.5
465. 1
261.3
166.2
131.8
308. 3
498. 5
255. 1
140.0
138. 9
254. 8
457. 5
956 3
155. 6
144 Q
243 3
453. 0
281.8
152.6
140 6
269. 2
451.4
236. 5
127.4
135 3
228.3
417. 4
290.7
142.6
137.6
248. 2
426. 2
244.0
134. 1
134.3
234.5
412.3
229.9
146. 1
122 4
233. 3
425. 2
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
276. 9
5.9
65. 7
36.6
23. 3
18.0
934.9
4.2
56.7
93.3
21.9
8.6
29.0
58.9
109.3
283.4
10.2
74.5
36.3
17.9
12.0
978.0
5.7
76.0
105. 6
42.3
7.6
32.0
60.9
122.8
367.2
23. 0
113.3
, 35. 7
26.2
18.1
1,064.3
21.0
82.8
111.4
43.5
7.4
28.3
65. 1
141.5
270.1
9.5
56.8
26.9
32.2
18.3
892.4
16.8
70.2
115.7
40.3
12.5
24.9
48.2
126. 6
343.1
11.6
101.7
32.7
42.4
19.4
945.5
13.5
69 9
103.2
43.1
9.1
30.1
53.6
131.8
362.9
12.6
95.1
31.4
50. 2
23.9
1,003.2
9.8
69.3
98.6
33.2
10.4
29.3
58.1
134.6
336.1
13.5
74.7
30.4
48.3
17.2
910.2
9.7
52.0
92.8
31.4
8.9
25.0
54.6
130.2
342.3
16 7
82 3
26 8
58 3
13 8
910 8
70
49 q
96 1
37 5
96
27 0
61 0
113 6
343.4
17 4
84.3
26 8
49.9
19.7
952 2
8.4
38 8
100.4
37.7
13.2
29.6
60.5
138.6
305. 7
10 7
78 0
25 0
50 0
15. 5
839 1
58
30 2
94 3
29.6
7 3
25.0
52 9
108.2
344. 8
11.6
91.8
32.7
39.5
17.3
900.6
4.9
30.7
101.5
35.3
11.3
33.1
61.6
125.8
310.2
9.8
87.5
25 6
41.3
14.0
848 9
4 7
35 1
78 8
27.5
85
28.7
54 6
122.4
2S6. 3
8.4
93.8
19 6
24.8
13.9
870. 6
5.2
31 9
90.0
23.4
9.6
29.1
59.8
119.0
r
Revised.
ORevisions for Januaryl958-January 1959 will be shown later.
] See similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are
included with finished manufactures.
cf Includes data not shown separately.
AManufactures of tobacco are included in the nonagricultural products total.
§Excludes "special category* type 1" exports.
©Comprises pig iron, scrap, steel mill products, and certain other iron and steel products; excludes advanced manufactures. Revisions for exports and data for imports (prior to December 1958) will be shown later.
*New series; see note marked "©".
SURVEY OF CUEKENT BUSINESS
December 1960
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
NovemDecemBUSINESS STATISTICS
October
ber
ber
S-23
1960
January
February-
March
April
May
June
July
August
Septem- October November
ber
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines§
Scheduled domestic trunk carriers:
Financial operations (quarterly totals):
Operating revenues total 9
mil. of dol
Transport total 9
- - --do
Passenger
do
Property
do_
U S mail (excl subsidy)
do
Operating expenses (incl depreciation)
Net income (after taxes)
_
do
do__
Operating results:
Miles flown revenue
thousands
Express and freight ton-miles flown _. _ __do _
Mail ton-miles
flown
_. do
Passengers originated, revenue
_ _ do
Passenger-miles flown, revenue
millions..
462.1
458.7
414 1
28.8
12 2
452 9
448.4
406 8
28.4
10 9
500. 0
496.3
451. 8
29.1
11 4
461 6
5.0
d
474 7
481 7
8.6
13 7
64, 247
32, 789
10, 138
3,988
2,385
60, 548
27, 521
9,264
3,712
2,202
63, 577
32, 087
14, 986
3,745
2,377
62, 564
27, 274
9,741
3,732
2,416
58 697
29, 814
9,729
3 440
2,136
62 397
30, 937
11,047
3, 670
2,284
61 874
30, 280
10, 857
4,019
2, 505
61, 498
30, 236
10, 364
4,002
2,444
59, 825
30, 890
10,512
4,183
2, 720
63 132
29, 109
10, 030
4 013
2 706
64, 034
32, 474
10, 786
4, 166
2, 745
59, 057
35, 169
10, 917
4, 037
2,547
34, 296
14, 422
32, 079
12, 164
40 834
17,171
27 508
7,970
29 691
9 930
32 782
12 634
30 815
11, 003
30, 308
10, 737
30, 923
11,412
25 233
5 766
31,618
11,731
31, 867
10, 675
18.1
666
124.5
18.2
625
117.8
18.2
681
127.1
18 5
616
114.4
18 5
613
112 7
18 5
679
123 8
18 6
652
121.9
18 7
647
118.9
18 7
620
115.0
18 8
554
108 1
18 9
584
113.3
19 0
610
110.4
19 0
Express Operations
Transportation revenues
Express privilege payments
thous. of dol
__do
Local Transit Lines
Fares average cash rate
Passengers carried revenue©
Operating revenues
cents
millions
mil. of dol__
634
Class I Motor Carriers (Intercity)
'Carriers of property (quarterly totals) :
Number of reporting carriers
Operating revenues, total
Expenses, total___
Freight carried (revenue)
mil. of dol__
do
mil. of tons
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues total
Expenses, total
Passengers carried (revenue)
mil. of dol
do
millions
897
1, 199. 7
1,181.2
70.3
949
1, 182. 7
1,159.9
72 4
944
1, 193. 9
1, 153. 0
69 8
137
105.4
96.3
55.8
139
92 3
90 9
51 4
140
115 8
99.7
57 5
Class I Railroads
Freight carloadings (A. A. R.):d*
Total cars
Coal
Coke
Forest products
thousands
do
..do
do
Grain and grain products
Livestock „
Ore
Merchandise, l.c.l
Miscellaneous
do
do
do
. _ _ __do
do
Freight carloadings, seas. adj. indexes (Fed. Res.):
Total
1935-39=100
Coal
do
Coke
do
Forest products
__ _ _ d o
Grain and grain products ..
Livestock
Ore
.
Merchandise, l.c.l
Miscellaneous
.
Financial operations:
Operating revenues, total 9
Freight
Passenger
__
do
do
do
do
do
mil. of dol
do
do
2, 905
542
16
201
r
2, 404
452
28
157
2,376
454
45
156
2,870
555
58
185
2 293
423
46
154
2 300
427
47
155
3 088
530
50
200
2, 559
430
33
157
2, 514
451
28
156
2 847
357
29
180
2 385
420
22
160
2,274
408
20
152
3,189
'224
32
156
154
229
22
109
176
1,536
185
14
85
149
1 237
194
17
79
153
1 228
238
21
226
189
1 635
175
20
289
146
1 308
203
15
290
138
1 232
344
16
399
167
1 425
234
16
239
140
1 154
198
26
202
133
1 136
329
50
233
179
1 629
546
30
193
282
55
50
213
1, 545
r 1, 202
176
19
146
143
1,237
98
90
42
123
107
97
93
136
120
97
142
143
119
95
143
141
113
87
137
129
110
87
146
126
111
88
126
130
109
90
107
124
102
83
89
121
07
66
78
120
99
86
72
123
97
89
68
118
104
90
79
118
161
52
23
26
107
167
46
152
25
114
134
36
403
24
129
137
35
310
24
131
133
32
297
24
127
150
38
252
24
150
34
185
24
125
141
39
185
93
123
149
31
163
2°
113
169
31
150
22
110
150
30
139
r 97
108
135
39
120
21
106
»• 808. 2
•• 687. 2
47.3
780.9
658.9
48.3
845. 8
696.3
60.5
789.3
667 7
55 1
774.2
658.9
50 9
847 6
723 4
59 2
823. 6
698. 1
51 0
829.5
705 1
51 7
824 2
6°4 7
60 9
759 1
634 1
60 6
809.0
679 4
60 5
754 4
642 9
44 2
815 8
695 4
46 5
29
Operating exnenses
do
Tax accruals, joint facility and equipment rents
mil. of dol__
Net railwav operating incomedo
Net income (after taxes)
do
625.8
617. 4
654.3
633.9
620 7
658. 6
634 1
648.3
644 0
628 7
646 9
608 3
115.4
r
67. 0
50.0
107.2
56.4
40.7
114.1
77.3
94.8
111.8
43.6
30.4
111.3
42.2
24 6
127.8
61 2
44 2
124.4
65. 1
48 2
120.0
61 3
47 3
123.1
57 0
43 1
106.4
24 0
9 6
117.7
44.4
29 9
111.6
34 5
25 9
Operating results:
Freight carried 1 mile
mil. of ton-miles..
Revenue per ton-mile
cents
Passengers carried 1 mile (revenue)
millions. _
49, 811
1 420
1,588
48, 881
1 385
1,571
49, 502
1 431
2,030
50, 265
1 384
1,824
46, 732
1 435
1,628
51, 597
1 441
1,654
51, 357
1 398
1.675
52, 664
1 386
1,691
49, 687
1 492
2,054
46, 752
1 41 5
2,207
49, 219
1 404
2,132
48, 566
13,075
10, 591
2,484
13,164
10, 859
2,305
12, 942
11,018
1,924
11,712
9,874
1, 837
12, 320
10, 337
1,983
12, 067
9,967
2,100
13, 865
11 512
2,353
15, 198
12 309
2,889
14, 960
12 068
2,892
15, 104
12 009
3,094
15,095
12 152
2,943
4,287
901
4 595
855
5 249
1,094
4 871
873
5 159
1 063
5 609
1 256
4 988
1 080
5 595
1 420
5 193
1 268
5 coo
1 097
nqq
188
47
92
113
69 8
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. of net tons
Foreign vessels
do
United States vessels
do
Panama Canal:
Total
In United States vessels
thous. of long tons
do
f
d
Revised.
Deficit.
§ Data beginning 1959 include operations intra-Alaska and intra-Hawaii, not included in earlier figures
9 Includes data not shown separately.
©Revisions for 1958 are shown in the June 1960 SURVEY.
cfData for October 1959 and January, April, July, and October 1960 cover 5 weeks; other months, 4 weeks.
4 040
QO1
C nfiK
1 094.
000
90
1, 156
186
36
97
21
109
SUEVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December 1960
1959
I960
DecemOctober November
ber
January
February
March
April
May
June
July
October NovemAugust September
ber
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars..
Rooms occupied
_ _ _ _ _ _ _ _ .percent of total. _
Restaurant sales indexf
same month 1951 = 100_Foreign travel:
U S citizens' Arrivals
._
thousands..
Departures
do__
Aliens* Arrivals
do
Departures
do
Passports issued and renewed
do
National parks visits §
do
Pullman Co.:
Revenue passenger-miles
millions
Passenger revenues
thous. of dol..
9. 65
73
114
9.52
65
110
8.55
53
115
8.82
66
116
8.90
68
118
8.61
68
124
9.38
67
115
8.73
69
125
9.26
67
117
8.67
57
113
9.60
65
112
9.47
67
114
151
122
102
83
37
1,192
119
101
79
68
33
817
110
120
82
91
38
528
127
136
82
62
56
1561
131
146
78
62
72
574
144
146
90
73
100
608
147
171
99
79
119
1,131
158
178
111
91
114
1,805
178
259
110
111
98
3, 748
222
256
123
110
69
6, 434
64
5,996
49
2, 574
258
4,135
241
3,818
288
4,590
342
5,525
312
5,052
317
5, 130
284
4,581
251
4,011
299
4,745
301
4,734
281
4,416
207
3,237
666.6
376.7
227.0
406.7
102.0
61.3
657.4
376. 3
217.1
394.3
110.8
61.6
679.3
383.0
232.5
423. 3
120.4
62.0
667.1
381.0
221.3
395.9
111.3
62.2
665.2
381.8
218.2
398.1
109.6
62.5
692.8
387.8
239.9
422.8
110.9
62.8
688.9
389.2
233.9
408.2
117.0
63.1
696.6
390.8
239.3
416.9
116.5
63.4
700.1
392.8
240.1
420. 5
116.6
63.5
689.1
388.1
232.7
410.4
116.6
63.8
712.8
393.3
251. 4
426.6
121.0
••64.0
704.0
396.3
238.5
424.9
118.2
64.3
22, 023
18, 967
2,263
20, 496
18, 225
1,540
22, 671
18, 993
3,089
20, 356
18, 518
579
20, 526
18, 082
1,260
22, 354
19, 146
1,984
21,356
18, 543
1,619
21, 825
18, 975
1,643
22, 626
19, 798
1,647
20, 517
20, 159
*768
22, 667
20, 050
1, 533
23, 042
20, 282
1,741
3,237
2,399
489
3,068
2,289
449
3, 343
2,751
283
2,976
2,478
135
3,001
2,412
230
3,346
2,534
452
2,970
2,513
157
3,122
2,612
189
3,000
2,557
155
2,878
2,301
258
2,977
2,527
153
2,955
2,513
159
4, 2.*8
3, 105
1,045
4, 034
3,116
803
4,444
3,367
916
4,148
3,177
822
4,243
3,205
887
4,365
3,394
823
4,007
3,142
706
4,200
3,282
760
4,227
3,425
637
3,936
3,338
454
4,193
3,394
657
4,328
3,348
838
r
r
10.04
72
114
1
MO
1, 778
9.62
63
107
37
COMMUNICATIONS
Telephone carriers:
Operating revenues?
Station revenues
Tolls message
Operating expenses, before taxes
Net operating income
Phones in service end of month
-
mil. of dol
do
do
do
do
.millions-
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Oporn ting 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
Kadiotelograph;
Operating revenues
do_
Operating expenses incl depreciation
_ . do
Net operating revenues
do
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production: J
Acetylene
mil. of cu.ft.Ammonia, synthetic anhydrous (commercial)
thous. of short tons..
Calcium carbide (commercial)
do
Carbon dioxide liquid gas, and solid
do. _
Chlorine gas
Hydrochloric acid (100% HC1)
do
do...
Nitric acid (100% HNO 3 )
do
Oxygen (high purity)
mil. of cu. ft..
Phosphoric acid (100% PjOB)
thous of short tons
Sodium carbonate (soda ash), synthetic (58% Na.O)
thous of short tons
Sodium bichromate and chroma te
_ _
do. _
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
thous of short tons
Sodium sulphates (anhydrous, re fined; Glauber's salt;
crude salt cako)
thous of short tons
Sulfuric acid (100% H^SO*)
do
Organic chemicals:^
Acetic acid (synthetic and natural), production
thous. of Ib
Acetic anhydride, production
do
Acetylsalicylic acid (aspirin), production
do
Alcohol, ethyl:
Production^
thous of proof gal
Stocks, end of month^ _
_
do _ _
Used for denaturation
do
Withdrawn tax-paid^
_
.. _ _ d o
Alcohol, denatured:
Production
thous of wine gal
Consumption (withdrawals)
do
Stocks, end of month _ _ _ _ _ _ _ _ _ _ do. _
Creosote oil, production.
DDT production
Ethyl acetate (85%), production
_
thous. of gal_.
thous. of Ib
_ _ do_ _
1,011
1,026
1,096
1,090
1 068
1,148
1,026
1,082
926
938
976
942
970
390.5
75.9
73. 3
382.6
82.2
61.4
420.3
103.9
62.0
396.4
92.2
66.8
381.3
87.9
65.8
423.4
100.8
66.2
416.2
96.6
73.3
434.0
100. 5
84.6
407.9
92.4
95.6
382.3
380.3
364.8
387.3
97.6
100.0
89.3
77.0
386.9
83.7
376. 6
80.4
379.7
83.6
385. 3
94.9
369 5
90.6
397.2
94.6
383.9
93.5
395. 4
90.0
377.1
76.8
384. 9
77.7
390.5
79.6
371.1
78.4
390.7
84.2
268.7
2,105
164.9
268.2
3,645
156.6
288.2
5, 129
160.7
288.0
5,094
162.4
280.7
4,771
158.8
304.5
5,135
183.9
275.5
4,778
183.0
265. 1
4,804
189.9
234.6
4.488
171.2
242 4
4,220
159.1
255.3
4,404
184.2
281.0
4,601
165.3
288.0
4,597
183.4
428.1
10.3
419.9
429.6
10.7
406.9
402.3
10.6
404.1
388.7
11.8
415.4
381.9
9.9
401.0
415.9
10.1
428.3
399.0
11.1
407.7
392.2
11.2
422.5
370.1
10.9
402.9
371.3
10.9
406.5
388.2
9.0
416.4
364.8
9.6
388.9
383.6
10.4
410.0
53.0
49.5
40.7
30.4
39.7
49.1
50.3
46.3
34.6
28.6
45.4
44.2
49.7
92.5
1, 456. 6
91.9
1,457.6
93.4
1, 548. 8
92.4
1, 589. 4
90.5
1, 501. 8
95.3
1, 619. 1
89.5
1, 556. 4
92.4
1, 614. 2
87.6
1, 495. 4
87.6
1, 336. 0
85.6
1, 403. 8
86.5
1, 350. 3
89.3
1, 489. 4
64, 432
95, 31 1
1,690
57, 303
81, 737
1,677
62, 266
104. 529
1, 805
60, 536
93, 744
2,014
65, 926
93, 302
2 004
67, 137
99,010
2,073
59, 955
89, 193
2,056
67, 261
98, 308
1,992
65, 844
94, 200
1,906
71,165
88, 703
1,696
64,235
82, 410
1,808
60, 328
85, 665
1,733
42, 685
31, 579
42, 603
760
42, 266
29, 497
41,984
676
41, 904
25, 2C6
47, 999
570
42, 520
29, 279
41, 659
620
41, 550
29, 124
50, 005
655
43, 492
26, 506
44, 112
746
45, 335
28, 410
47,015
647
49, 057
33, 235
46, 502
660
47, 884 2 43. 686
33, 259 2127,911
41, 620
43, 132
706 2 3, 993
54, 943
131, 653
48, 077
5,000
59 22S
127, 020
46, 473
5, 583
22 963
22, 631
3,827
22, 549
23, 924
2,448
25, 758
22, 885
5, 736
22, 476
24, 587
3,669
26, 757
25,178
5,291
23 674
25, 366
3,729
25,216
23, 167
5,723
24, 880
27, 276
3,380
22, 409
22, 094
3,721
23 154
23, 611
3,281
25, 861
25, 826
3,503
24 974
23, 181
5,331
4,819
13,199
8,381
6,371
12,012
7,495
9,088
13, 550
10, 754
6,980
13, 863
8,588
7. 085
12, 377
5,925
8,344
13, 617
9,849
9,688
13, 393
7,338
7,946
13, 748
5,895
7,953
12, 444
7,705
7,357
13, 531
7,648
8,413
14, 523
8,232
6, 958
13, 750
7,810
99, 114 105, 400 114,344 108, 128 107, 262
97, 062 100, 626 1 12, 629 121, 499 115, 627
96, 402
Ethylene glycol, production
__ .
do_ _. 103,150
159 393 154, 846 140, 888 148, 791 147, 966 156, 861 147, 933 138, 955 143, 938 110 367 148, 282 142, 755
Formaldehyde (37% HCHO), production
do
Glycerin, refined, all grades:
27. 700
24, 800
23, 500
23, 800
24 500
24, 300
24 500
24. 200
25 600
Production
do
21,000
26, 600 3 23, 600
25, 100
42, 500
29, 200
40, 200
42, 300
43, 100
29, 100
26, 600
39, 600
Stocks, end of month
_ _ do
26, 500
27, 400
46, 500
40, 100
36, 800
Methanol, production:
202
156
199
199
188
189
183
184
161
187
Natural
thous. of gal..
137
187
24, 979
24, 502
22, 524
25, 523
26, 082
21, 653
22, 074
23, 770
26, 502
24, 998
25, 300
23, 239
Synthetic
do
36, 550
33, 127
31, 989
30, 675
31,476
17, 481
35, 068
30, 858
26. 483
Phthalic anhydride, production
..__thous. o f l b _ _ 23, 274
30, 612
29. 169
d
f Revised.
Deficit.
1 Data beginning
January 1960 reflect revised definitions of visits; comparison of January 1960 figure (on old basis) with data for January 1959 shows an increase
2
3
of roughly 15 percent.
See note "t".
Data beginning June 1960 are confined to producers' and warehouse stocks (consumers' are not included).
t Devised series (first shown in October 1959 SURVEY), reflecting change in comparison base period; monthly data for 1953-July 1958 are available upon request.
§Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska and Hawaii National Park, Hawaii. Comparable data for earlier periods will be shown
later. 9 Includes data not shown separately.
JRevisions for 1957 appear on p. 24 of the April 1960 SURVEY; the 1958 data shown therein have been further revised. These revisions, as well as
those for January-August 1959, will be shown later.
cf Data (except for alcohol) are reported on basis of 100-percent content of the specified material unless otherwise indicated.
1 Effective July 1960, data include amounts classified as "spirits."
June 1960 data on comparable basis (thous. gal.): Production, 53,137; stocks, 129,041; withdrawn tax-paid, 5,462.
SURVEY OF CURRENT BUSINESS
Heceuiber 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S--25
1959
1980
1 DecemOctober Ncvember
her
i
i
January
February
March
April
May
June
July
August
Septem- October November
ber
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
322
tlious. of short tons
short tons.. 437, 592
24,170
do
__ _
_ do. .. 326, 939
74, 683
-do
336
342, 512
62, 129
239,817
27, 740
343
567, 564
68, 680
377. 877
97, 357
406
430, 240
30, 928
313, 707
81, 898
503,
24
404,
67
510
586
632
784
017
1,146
547, 146
3fi, 063
413, 006
83, 988
2, 205
497, 802
26, 575
425, 667
31, 353
1,431
641,697
46. 8SS
522 742
60, 621
890
694, 324
42, 978
587, 210
49, 561
345
630, 124
46, 690
501. 920
67, 706
216
613, 804
38, 694
490, 865
70, 879
337
617, 086
73, 801
446, 209
78, 016
393
672, 957
68, 976
467, 108
108, 186
135, 795
92, 385
25, 933
7, 4fSO
15, 538
149,848
89, 390
24, 507
8 444
6,692
261, 711
145,033
28, 843
19, 296
68, 169
147, 895
77, 824
25, 609
7 737
21, 885
252, 935
118,667
17 622
8 814
72; 275
362, 895
169, 045
39, 043
6 918
41, 11.7
294, 711
163,619
29 535
9 863
38, 932
274 835
134, 008
48 265
15 041
37, 563
182, 445
99, 751
63, 822
25 386
22, 534
165, 547
66, 498
38, 929
6 458
63, 784
141,708
76. 224
16, 312
16 654
14, 083
235. 645
141, 781
53. 628
14 380
29, 817
180, 244
78, 456
Potash deliveries. ... _ .
..
__ do. - 387,975
Superphosphate and other phosphatic fertilizers (100%
A.P.A.):1
Production
short tons
218,808
Stocks, end of month
_ _ __
do_ _ 286, 148
109, 971
255, 027
120, 286
182,836
232, 181
356, 235
254, 146
194, 537
46, 769
107, 681
221,540
324, 680
236 088
356, 836
241 784
377 896
242 513
367 853
252, 501
318, 782
243 929
223,136
256. 674
224, 376
216 938
306, 264
172, 910
367, 655
191 627 '185 533
372, 897 r 360, 517
219 062
371, 968
182
72, 838
157
69, 874
110
73, 278
117
76, 671
42
84 515
81
87 324
50
87, 071
69
76, 781
128
94 301
165
86 103
195
88 276
Consumption (10 States) §
Exports, total 9
Nitrownous materials _ __
P ho-- nh ate materials
Potash materials
___ _
Imports total 9
Nitrogenous materials, total 9
Nitrate of soda
Pho c phato materials
Pott; sh materials
_
__do do
do _
do
do
_
18 488
42, 558
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
.thous. of lb_.
High explosives
do_
Paints, varnish, and lacquer, factory shipments: 1
Totnl shipments
mil of dol
Trndo products
do
Industrial finishes
- -do
Sulfur (native):
Production
thous. of Ion? tons.Stocks (producers') end of month
do
Phenolic and other tar acid resins
Polvstvrene
_
Urea and melamine resins
Vinvl resins
__
Alkvd rcsin^
_ __
_
__
Rosin modifications
Polyester resins
Polycthvlcne resins
Miscellaneous (incl. protectivei coatings) cf
241
70, 143
r
'"67.4
*• 49. 9
116 2
'61.6
r
54. 6
130 3
70 3
60.0
130 7
71 3
59. 4
149 2
84 6
64.6
163 6
98 5
65. 1
173 7
105 7
68.0
181 8
109 6
72 ?
156 4
96 2
60 2
167 1
102 4
64.7
150 9
89 1
61.8
140 7
78 6
62. 1
483
3, 899
408
3,834
412
3, 810
389
3 846
366
3,811
437
3 810
424
3 766
420
3,720
394
3 695
420
3 734
454
3 719
373
3,655
390
3 561
4,706
n K| Q
243
4,096
8 0 "if
106
4, 914
S oon
216
3,895
7 794
217
3, 689
4, 743
3,442
4, 167
4, 643
3,781
3,844
4, 763
do
232
249
do
do
do
do
do
51, 754
78, 938
34, 146
105. 653
33, 197
48, 519
73, 625
29. 366
100, 470
25, 54 1
47,318
77, 851
28, 538
103,701
27, 559
47, 321
76, 715
28, 529
102 179
30 119
48, 810
73 549
29 110
101, 255
31,208
51 520
79, 436
31 576
108, 263
35 224
43
72
30
98
33
140
840
903
122
003
43, 713
73, 536
29 540
97, 877
32 297
43 75*>
74, 407
28 435
93, 683
34 126
do _
do
do_ _
do _
12, 878
12, 804
109, 338
25, 735
12,362
11,777
110,802
24, 917
12,123
13 75'>
] 12, 660
25, 642
11, 652
113, 006
26, 452
10, 274
14 460
105 663
29, 572
12 246
16 435
114 566
31, 232
11
16
114
31
366
034
019
404
11,596
15 359
120 159
30, 238
11 460
13 861
102 ?64
31,314
10 060
9 865
103* 695
2Q, 549
10
11
106
30
883
549
950
095
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubos -thous. of lb_
Nitroceluilose sheets, rods, arid tubes.
174
74, 223
r
139 6
79. 0
«• 60. 6
f
r
117 3
14, 155
245
51
188
30
72
18
83
28
830
308
126
926
260
r
4 2 061
76 211
27 718
94 675
30 103
43
67
29
96
30
879
058
036
835
335
11
10
109
30
154
822
339
951
ELECTRIC POWER AND GAS
'
ELECTRIC POWER
Production (utility and industrial), total*
mil. of kw.-hr-Electr'c utilities, total
do
By fuels
_
__
-do _
By water nower
do
65, 499
59, 032
47, 529
11, 503
65, 275
58, 433
46, 764
11,668
70, 539
63, 111
50, 427
12, 6S3
71, 532
64 021
51,007
13 014
67, 622
60 330
47, 807
12 523
72, 110
64 301
51,012
13 289
66, 220
58 717
45 478
13 239
67, 982
60 344
47 308
13 036
69, 304
61 920
49 474
12 447
70, 694
63 598
51 636
11 893
74,
67
55
12
613
255
138
117
69, 628
62 581
5l' 141
11 440
69, 485
6? 25°
51 759
10 493
48, 359
10, 673
47, 889
10, 544
51,850
11,261
52 346
11, 675
49 057
11,273
52 047
12,254
47 851
10 867
48 ^32
ll' 412
50 763
ll' 157
51 614
11 914
55 178
12 077
51 575
11 006
51 257
lo' 996
_do_ _.
do
__do. __
6, 467
6, 170
297
6,842
6, 550
292
7,428
7, 100
328
7,511
7,173
338
7,292
6 958
333
7,809
7, ^61
348
7 503
7 158
345
7 638
7 284
354
7 384
7 060
324
7 166
6 897
269
7 358
7 109
249
7 047
6 811
236
7 233
6 995
938
do _.
52, 104
51, 603
54, 656
56, 202
55, 417
9, 810
25, 237
9,244
24, 960
9, 432
26, 154
9, 055
26, 553
8, 843
26 503
380
13, 916
978
524
1,208
51
401
14, 314
875
561
1,205
43
441
15, 889
874
594
1,231
41
465
17, 371
876
602
1,242
39
891.1
881.5
916.6
942.5
Privately and municipally owned utilities do
Other producers (publicly owned)
_.do- _
Industrial establishments, total
By fuels
By waterpower
__
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power.-Large lisrht and power
-- --
do
- - do
Railwavs and railroads
do
Residential or domestic _ _ _ _
- _ _ d o __.
Rural (distinct rural rates)
do
Street and highway lighting..
_ _ do__ _
Other public authorities
_ _
do _ _
Interdepartmental
_
do
Revenue from sales to ultimate customers (Edison
Electric Institute)
_
mil. ofdol.
55. 965
54, 176
52, 830
54, 108
55, 321
57, 513
57, 344
* 8, 801
27, 124
8 696
26 584
8 782
26 781
9 546
26 942
10 418
26 134
10 769
27 558
10 784
27 269
430
16, 936
821
548
1,293
42
468
16, 746
941
532
1,309
43
410
15 592
1 076
488
1 281
49
376
14 078
1, 033
455
1 272
53
363
14 232
1, 185
436
1 343
61
344
15 157
1,440
468
1 292
68
364
15 390
1 534
478
1 354
67
323
15 639
1 364
512
1 385
67
932.7
929. 5
908 8
891 9
915 7
936 8
967 8
977 4
1
GAS
Manufactured and mixed gas (quarterly):*
Customers, end of quarter, total 9
thousands. _
Residential
do
Industrial and commercial
do.-_
2,522
2,356
165
2,509
2,341
166
2,161
2,020
139
mil. of therms
do. _
do
572
407
161
941
732
202
504
341
148
Revenue from sales to consumers, total 9
mil. of doL_
Residential
do _
Industrial and commercial
do
75.3
58.0
16.9
116.8
94.0
22.3
64 3
48.8
15 0
Sales to consumers, total 9
Residential
Industrial and commercial
r
Revised.
i Data beginning March 1960 are not comparable with those for earlier periods because of reclassification of some companies from small to large.
§ States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia,
cfData
quarters of 1958 and 1959 will be shown later.'
*
""
" "
"
'"•--e«~
SUEVEY OF CURRENT BUSINESS
S-26
December
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
1960
October Novem- December
ber
January
February
March
April
May
June
July
August
SeptemVovoraOctober
ber
bcr
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly) : 9
Customers end. of Quarter total
Residential
Industrial and commercial
Sales to consumers, total
Residential
Industrial and commercial
30 036
27 588
thousands
do
do
mil. of therms. _
do
do
Revenue from sales to consumers, total
Residential
Industrial and commercial
mil. of doL.
do
do
2 412
30, 306
27, 847
2 425
30 459
28 051
2 374
22, 082
7,320
13 583
30, 118
13, 986
14 918
21 . 054
f> 550
13 570
1, 257. 9
695. 1
525 7
1, 918. 4
1, 224. 4
653. 8
1,214.2
661.3
523 0
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
7, 230
Production
thous. of bbl__
6, 977
Taxable withdrawals
_ do.
Stocks, end of month _
__do
10, 086
Distilled spirits (total):
Production§
thous. of tax gal__ 39, 679
Consumption, apparent, for beverage purposes©
thous. of wine eal _ 21,232
19,440
Taxable withdrawals§
thous. of tax gal
879, 538
Stocks, end of month§
do
3, 959
Imports
thous. of proof gal _
Whisky:
12, 149
Production
thous. of tax gal10, 045
Taxable withdrawals
do
775, 401
Stocks end of month
do
3,568
Imports
thous. of proof gal. _
Rectified spirits and wines, production, totald*
9,909
thous of proof gal
Whisky
do
8,083
Wines and distilling materials:
Effervescent wines:
251
Production
thous of wine gal
357
Taxable withdrawals
_ _ _
do __
2, 154
Stocks, end of month
_ do__ _
102
Imports
do
Still wines:
74 543
13, 269
Taxable withdrawals
do
229 309
Stocks end of month
do
782
Imports
do
144, 080
Distilling materials produced at wineries
do
5, 950
5,970
9,714
6,609
6, 775
9, 091
6,461
5, 595
9, 649
6, 325
5 826
9. 774
8,138
6,960
10, 515
8,187
7, 435
10, 789
9,336
8,290
11.317
9, 860
9,129
11, 458
8. 928
8, 603
11.241
9,173
8, 989
10, 887
25, 994
22, 270
22 <}94
24, 122
25, 893
22, 904
23, 844
22, 164
!
9 126
10,319
11,921
21, 573
16,053
883, 354
4,010
27, 574
10,749
891,426
3, 535
15, 042
10,630
899, 260
2, 001
15, POO
11,470
907, 830
2 225
19, 534
14, 658
918,872
2,827
18,314
14,117
921 , 31 8
2, 629
19, 090
14, 121
928, 377
2, 936
19, 521
14,718
931,509
3,044
16, 719
i 7, 644
'835,782
2, 205
18,303
9 542
833, 699
2,820
18. 633
10 256
832, 603
3, 320
~~4~35(f
12, 599
8 601
775, 767
3,590
11,716
5 641
779, 443
3,118
13 945
5 449
785.378
1,752
15.630
5, 773
792, 083
1 980
16,914
7, 1 53
80 J , 991
2,443
] 5, 007
6 874
804, 0%2
2,313
14, 787
6,363
810, 795
2, 569
12,934
6, 51 9
813, 720
2,718
6, 874
5 059
814,039
1,952
7, 285
6 642
812, 166
2,546
8,748
7 704
810, 745
2, 954
3,843
8 224
6, 543
5 741
4,390
5 236
3,853
5, 835
4. 507
6,977
5, 472
6, 552
4,990
6,842
5, 247
7,373
5, 601
5 556
4,382
6 594
5, 064
7 788
6, 062
375
289
507
284
217
144
2,774
252
222
267
272
71
51
2,770
2,743
2. 547
75
79
2,712
60
100
1 854
12 460
164 495
1, 846
11,929
155, 882
2 067
12, 039
142, 603
1,284
9,044
132, 309
4 466
11 464
125 733
56 859
13 284
168 517
70 450
13, 349
226, 129
1,577
1,779
4,789
2,366
17, 967
117, 035
125, 569
437
224
398
242
2 122
2,317
47
48
63
2, 452
108
140
1 . 947
12 702
13,731
2^6 273
2 834
11,212
202 453
2 195
11 552
189 418
2, 746
15, 030
178, 536
25, 110
4 175
13, 946
209 747
1,128
7,254
4,280
3,105
2,301
912
334
431
603
576
837
6, 773
6, 571
10,017
2, 520
372
217
369
174
1,814
'MS
432
1,949
7, 332
7, 519
10, 229
111
884
800
586
38
717
736
236
399
977
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
Stocks, cold storage, end of month
Price wholesale 92-score (New York)
Cheese:
Production (factory), totalt
American, whole milkt
thcus of Ib
do
dol per Ib
92, 224
67, 286
.633
91 360
46, 690
647
108, 046
31,050
.630
118 640
33, 992
.588
120 110
42, 958
.588
131,405
64, 865
.588
129 740
86,148
589
148, 705
119,117
.588
143, 000
162, 731
. 586
116,985
179, 861
.586
97, 990
83 985
169, 325 '•135,540
.598
.618
94, 600
116,
015
r
. 616
thous of Ib
do
96, 878
61, 085
88 256
52, 575
98, 855
58, 557
100 690
61, 500
103, 470
65, 850
121,410
78, 645
131 915
92 775
156,485
113,925
157, 035
114,030
135,255
97, 150
120, 635
84, 135
108, 905
72, 375
110, 585
71, 235
349, 461
308,105
4 167
320,215
281,033
6 576
304, 084
265, 671
8, 753
283, 290
245, 755
4 167
268, 227
231,719
4 333
261,835
228, 222
5 245
275, 912
240, 950
4 738
307, 523
267, 071
4,670
345,165
304. Ill
4,494
360, 107
315, 728
3 430
358, 914 ''346,189
317, 946 '304,237
5 045
4 382
333,011
291, 735
7, 115
331, 788
290, 758
.388
.401
.415
.415
.415
.415
.404
.392
.392
.392
.401
.430
.438
.438
4,463
1 52, 655
4 363
124 176
4,477
136, 720
5 025
132 900
5,000
136, 900
6 115
169, 300
6 675
202 600
6,140
264, 000
6, 225
245, 600
5.880
207 200
5,860
203 300
5, 815
171 000
6,085
160, 500
5,412
325,095
4 270
279 028
5,108
225, 092
3 718
178 446
4, 596
135,954
5 517
95 644
5 436
112 475
6,435
206, 758
6.447
261,819
4, 856
302 101
5,467
364 741
5,484
332 723
5,835
319, 174
3,370
11,491
3,176
2 834
2,853
4,444
2,997
5,840
2, 194
5 927
3,447
8,216
4, 683
5 608
3, 664
5,918
3,996
9,375
3,246
14,035
3,902
6, 773
3,288
6,220
3,213
11, 141
Stocks, cold storage, end of month, total.. _ _ _ d o
American, whole milk
_ _ __
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol. perib_.
Condensed and evaporated milk:
Production, case goods :J
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 on farms
mil. of lb_.
Utilization in manufactured dairy products! do
Price, wholesale, U.S. average?
dol. per 100 I b _ _
Dry milk:
Production :t
Dry whole milk
thous. of lb__
Nonfat dry milk (human food) . _
do
Stocks, manufacturers', end of month:
Dry whole milk
_ _
do
Nonfat dry milk (human food) _
do_ ..
Exports:
Dry whole milk
_
do
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
milk (human food)
dol. per lb__
6.25
6.34
6.38
6.37
6.38
6.37
6.35
6.33
6.31
6.31
6.31
6.32
6.33
9, 476
3, 239
4.57
8,894
3, 063
4.62
9,389
3, 546
4.49
9, 862
3, 768
4.36
9, 679
3,829
4.27
10, 862
4,324
4.19
11,313
4 473
3.96
12, 626
5.237
3.82
12, 108
5,082
3.80
11,219
4,241
3.95
10, 330
3,696
4.15
9,498
3,231
4.42
9, 545
3, 445
' 4. 57
8,839
99, 882
7,484
104, 817
9,138
136, 056
8, 450
150. 300
7,650
158,400
9, 600
170 200
9,700
185, 500
9,900
224, 600
9,300
211,000
7, 700
158, 350
7,200
121, 650
8,250
98, 880
8,900
110, 000
5,724
86, 915
5,343
85, 356
6,486
96, 567
6, 772
102, 204
6, 791
105, 533
6,822
101, 646
5,543
112, 293
6,846
150, 528
7,474
158, 304
6,853
153, 677
6, 068
133, 083
4,850
110,607
4, 834
108, 746
1,276
27, 786
2 997
19, 402
2, 035
5,550
1,981
5,312
3 380
7 470
3,687
19, 128
4,446
9,436
2 787
6, 073
2,525
19, 150
2 401
21 923
1,694
17, 922
1,734
13, 573
1,941
35, 090
.136
.137
.137
.137
.137
.138
.134
.135
.135
.134
.134
.136
.138
89, MS
9, 039
p 4. 64
r Revised.
* Preliminary.
1 See note "§".
9 Totals include data not shown separately. Revisions for 1952-58 for total sales and total revenue (for 1st and 2d quarters of 1958 for other items; see footnote) are on p. 24 of the April 1960
SURVEY. Revisions 1'or 1st and 2d quarters of 1959 will be shown later.
§ Effective July 1960, data exclude amounts classified as "spirits"; such amounts now included with ethyl alcohol (p. S-24). June 1960 data on comparable basis (thous. gal.): Production,
16,910; withdrawals, 9,962; stocks, 835,727.
O Alaska included beginning January 1959.
cfData beginning July 1959 exclude production of wines and vermouth; for July 1958-June 1959, such production totaled 43,600 gal.
^Revisions for the indicated items and for the periods specified are available upon request as follows: Butter and cheese (total and American)—January 1957-June 1959; condensed and evaporated milk—January 1958-June 1959; dry whole milk—January 1952-December 1955 and January 1958-June 1959; nonfat dry milk—January 1954-June 1959; fluid milk used in manufactured dairy products—January 1952-July 1959; fluid milk price—June 1958-February 1959.
December 1960
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-27
1959
I960
October Novem- December
ber
February
January
March
April
June
May
July
August
SeptemNovemOctober
ber
ber
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
- - thous. of bu .
Shipments, carlot
No. of carloadsStocks, cold storage, end of month
thcus. of bu..
2
1, 518
49, 791
1,526
44, 259
'121,787
2,300
33, £86
1, 625
24, 065
1,767
16, 720
2,130
9,442
1,666
4,248
1,425
1,166
426
316
119
167
13
178
3,491
4,602
9,431
7,464
6,600
6,978
7,135
7,475
5, 569
4,368
3,334
512,461
401, 760
930, 662
498,016
356, 983
906, 970
464, 698
360, Ofil
844 ?88
428, 838
478, 791
754 780
376 135
r 26, 652
670 432
321, 639
496,016
612 967
271 614
538, 952
586 537
251 775
648, 357
544 864
316 926
625, 198
563 014
430 862
554, 600
634 794
10, 290
11,258
243,281
12, 829
14, 763
13 414
20, 593
14 943
17 704
18,324
7 679
5 120
3.400
4 063
3 804
4. 215
4 ]25
4 975
6 642
6 750
4 760
3 153
Exports (barley, corn, oats, rye, wheat) t- thous. of bu_.
59, 339
63, 992
71, 664
65, 919
74 174
76, 707
89, 426
83 136
72, 649
Barley:
Production (crop estimate)- Receipts 4 principal markets
14, 977
14,710
• 420, 191
11 379
1 5, 785
13 229
13 065
10 962
13 967
17 057
Citrus fruits, carlot shipments
No. of carloads.Frozen fruits, juices, and vegetables:
Stockis, cold storage, end of month:
Fru ts
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 100 lb
1
r
106, 380
1,462
36, 155
r
1, 061
44, 598
••231
»• 14, 120
T
3, 196
3, 022
2, 181
505 429
496 852 "522 051 517 744
287, 433
453, 229 r' 413, 014 353, 408
801 345 942 145 1,017 373 1 013 892
2
7 404
r
3 836
3 790
P 3 980
66 134
68 721
83 248
81 262
13 616
36 70S
19 794
14 429
r
8 508
256 677
9, 157
GRAIN AND GRAIN PRODUCTS
_ _ _ _
_ _ do___
do
Stocks (domestic), end of quarter, totalcf— mil. of bu_.
On farms.
do...
Offfarmscf
_ - _ _ .
- _ _ -do
Exports including maltt^
- thous. of bu Prices, wholesale (Minneapolis):
No 2, malting
._ -dol. per bu _
No 3 straight
do _
Corn:
Production (crop estimate)
G rind in gs, wet process©Receipt?, interior primary markets
mil. o f b u . _
thous. of bu do
Stocks (domestic), end of Quarter, total cf.-mil. of bu
On farms
_
- - - - - - do . OfFfarmsrf 1
do
Exports including meal and flour J
thous of bu
Prices, wholesale:
No. 3, yellow (Chicago)
dol. per bu_.
Weighted average, 5 markets, all grades _ do
Oats:
Production (crop estimate) Receipts, interior primary markets
mil. ofbu..
thous. of bu_-
362
198
163
8 337
7,879
8,317
9 398
8 459
5 949
8 279
8 140
6 007
5 995
9 680
9 304
1.172
1.108
1.174
1.112
1. 159
1.085
1 . 1 70
1.114
1 144
1 083
1. 156
1.075
1 157
1 081
1 176
1 112
1 162
1.075
1 092
1 013
1 195
1 026
1 1°2
1 012
1 148
1 069
14, 107
26, 839
11,901
55,612
4, 361
11,812
31,974
12, 521
32,448
12, 881
25, 977
12 239
25, 150
13 118
34, 267
13,777
34, 517
12 370
28, 441
13 712
34, 077
13 080
21, 172
12, 902
23 4i()
4, 456
3,C94
1,361
26 005
13 689
16 734
3,407
2, 088
1,319
15 047
17 882
18 016
2, 563
1 335
1 , 228
19 144
15 %0
°0 028
3 1
s
31
13
1.097
1.071
1. 100
1 044
1.095
1 02^
1.144
1.043
1.128
1 012
1. 149
1 079
1 . 206
1 124
1.213
1 145
1.200
1 152
1.194
1 135
5,981
5,693
1,074
6,412
5, 892
5, 712
6, 209
3,421
4, 830
10, 198
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Receipts, interior primary markets
Disappearance (quarterlv total)
mil. of bu_.
do ...
__. do .
thous. of b u _ _
do
1
Exports, total, including
Wheat onlyj
4,202
.740
1 241
. 796
5 546
.792
1
488
1. 264
1 923
.755
77, 295
75, 423
95, 151
1 5 320
109 295
?88. 1 56
204, 494
110 022
165,228
118 155
217,375
•ji 7 767
221, 461
1 r>8 260
264, 019
1,363.7
113,241
.081
1 , 274 3 1 177 2
G6, 800 177,568
. 083
.083
1 060 8
25, 076
21, 495
583
19, 862
1.214
1.253
29, 400
25 527
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu.No. 2, hard winter (Kansas City)
do
No. 2, red winter (St. Louis)
do
Weighted avg., 6 markets, all grades.
...do
2.293
2. 048
1 858
2.281
26, 261
21 818
3 212
(4)
16 556
1.184
1 110
1. 165
1 037
1.057
1 014
39,112
16, 046
6, 263
1, 162
4, 461
3 841
.642
(4)
. 960
942
1 100
979
121
3 741
. 750
1 925
(4)
1.128.2
i 204. 7
1
923. 4
18, 773
257 716
287
1.213
r
9
125 91
2 1^8
.734
4 065
.680
5 641
.653
Ffj
TjOg
9
]()() 4u'-$
08^
2°8
1.178
35, 497
26 940
9
°6 072
25 436
212 208
59 366
58 ^78
66 657
79 968
51 687
75 145
81 940
113 300
108 707
73 21«
51 209
62 212
74 410
203, 612
66 678
217, 581
64 075
201,045
46 938
207, 057
100 4° 3
98, 679
791 3
176, 432
.083
6^8 9
169,367
.083
547 4
174 149
.083
421 1
167, 725
.083
246 3
130 246
081
208 6
42 918
.079
831 7
69 319
1 403 4
187 H.5()
v' 078
361
641
969
3 338
4 839
1 920
35 <'-09
1 176
1. 159
1. 167
9 068
10 433
1.150
1.C83
1.068
101 ^02
87 247
13 821
1.157
111 974
r gg 035
3
4 353
78, 466
53, 122
r
88 28
gj §04.
69 890
09 5G6
2
54,403
2
32, 109
71''
9
5 3^2 1 333 8 6
201,098 320, 686
9/i
077
i. ion
1. 093
1.114
2
23, 101
18, 55f,
1,878
332
1,546
thous. of bu_.
do
1 891
.774
111 624
51 671
1
25, 251
3 487
.780
84, 303
56 289
1,177
13 851
29, 939
799
464
335
659
3 269
3
229
3
40
61
78 034
46 481
1
821
r
2
699
76
do
flour!
2
12,492
21,916
775
Stocks (domestic), end of quarter, totalcf— mil. of bu_
Off farm sc?
1 119
1.025
1
Rice:
Production (crop estimate)
thous. of bags 9 ..
California mills:
Receipts, domestic, rough..
thous. of lb_ 185, 610
Shipments from mills, milled rice
do
75, 389
Stocks, rough and cleaned (cleaned basis), end
of mon th
thous. of lb. . 72, 678
Southern States mills (Ark., La., Tenri., Tex.):
1,144,978
Receipts, rough, from producers
do
237, 604
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil. o f l b . 1,401.0
Exportst.
thous. of l b _ . 203, 115
.081
Price, wholesale, head, clean (N.O.)__.dol. per lb_
Rye:
Production (crop estimate)
thous. of bu-Receipts, interior primary markets. _ _ -_ _ do
Stocks (domestic), end of quarter, totaled
do _
Price, wholesale, No. 2 (Minneapolis).-dol. perbu.-
465
277
188
3 168
3
56
3 112
12, 573
Stocks (domestic), end of quarter, totald"__mil. of b u _ _
On farms .
...
do ...
Off farmsd1
do
Exports, including oatmealt
thous. of b u _ .
Price, wholesale, No. 3, white (Chicago) __dol. per bu_.
246
121
125
2423,136
13 511
24,317
316 153
18, 745
18, 478
1,564
206
1,358
39, 953
33 502
46, 091
51 , 230
43 035
30, 957
251 931
103, 693
87,874
53, 947
M
A '< QO9
OftC
41, 304
33, 260
2, 350
555
1 795
31,315
3
97
s 1 218
62, 283
47, 595
qoo O70
12 363 4
246 3
21 117 i
23, 809
40, 973
38, 479
53, 776
50, 831
2.299
2. 246
2. 245
2.242
2. 258
2.256
2.269
2.287
2.285
2.120
2. 140
2.146
2.157
2.058
2. 081
2, 072
2. 100
2. 123
2.103
2.008
1.892
1. 953
2.011
1.937
1.982
1.988
1
2 048
1 89^
1 oc*8
1 979
(*)
2 106
2 nq7
2 O^9
2.280
2.241
2.237
2.248
2^261
2. 259
2. 233
2.174
2.023 '
2. 132
2. 113
2.130
2.146
r
2
Revised.
p Preliminary.
i December 1 estimate of 1959 crop.
December 1 estimate of 1960 crop.
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.
t Scattered revisions for 1958-January 1959 for exports of indicated grain series will be shown later.
§ Excludes a small amount of pearl 'barley.
©Data beginning January 1959 are on
standard 1 /-percent moisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent).
Bagsof
of100
100lb
lb
cent).
99Bags
cfData prior to last quarter of 1959 will be shown later. The figures include grain owned by Commodity
dity C
Credit Corporation and stored off farms in its own steel and wooden bins
<-!QA
SURVEY OF CURRENT BUSINESS
S-28
1959
Unless otherwise stated, statistics tliroiigli 1958 and
descriptive notes are shown in the 1959 edition of
Noveus
BUSINESS STATISTICS
October
bet-
December 1000
1960
Do corn bor
January
February
March I April
May
June
July
August SeptemOctober November
ber
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
j
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous. of sacks (1001b.)__ 22,411
93 G
Operaf ions percent of capacity
427
Offal _ - _ _
thous. of short tons__
Grin dines of wheat.
thous. of bu_
51,148
Stocks held by mills, end of quarter
thous of sacks (100 Ib )
1,684
Exports
__
do__ _
Prices, wholesale:
Spring, short patents (Minneapolis) §
dol. per 100 lb_. 5. 540
5. 105
Winter, hard, short patents (Kansas City)§_do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
1
thous. of animals..
Cattle
do
Receipts, principal markets
do
Sh foments feeder to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
dol per 100 Ib
Steers stockcr and feeder (Kansas Citv)
do
Calves, vealers (Natl. Stockyards, Ill.)c?
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 prin oinai markets
do
Shipments feeder to 9 rorn-belt States
do
Prices, wholesale:
Lambs average (Chicago)
dol. per 100 Ib
Lambs, feeder, good and choice (Omaha)
do
i
21,671
97 5
409
49, 503
21,630
88 4
413
49, 529
21,884
c
<8 3
414
50,0 ( >iO
20, 390
87 0
387
46, 632
22,137
85 7
422
50, 012
19. 350
82 9
369
44 271
19,042
80 9
359
43, 473
1,932
4,847
3,721
2, 805
2 658
4 4^>?
3, 503
3,225
2,155
1
1
5.560
5.165
5. 460
5. 150
i 5. 228
i 4. 850
1 5. 238
H. 817
471
1, 586
2,401
1, 143
438
1 , 462
2,243
1,016
456
1, 552
1,815
544
413
1, 564
1,731
2
378
389
1 437
1, 568
270
482
1,577
1,703
309
27. 06
24.41
29.00
26.31
23. 34
29. 50
25. 26
22. 51
30.00
26.10
23. 31
33.00
26 37
23. 80
33. 00
6, 646
3, 216
6, 337
3 299
6, 968
5, 462
6,516
3 167
12.60
12.19
11. 19
12.7
12.3
11.8
1, 200
1, 527
532
1,070
1 089
250
19.75
13.80
1
1
20,184
384
46,127
19, 253
86 1
368
44, 101
22, 009
85 6
419
50 387
4, 165
1,957
1,548
1, 724
g9 I
5.455
5. 033
i 5. 435
i 5. 050
i 5. 365
5 5. 050
394
1 412
1 569
295
378
1 606
1, 827
352
397
1,692
1,741
301
374
1, 59?
1, 599
249
27 ^O
25.14
33.00
27 13
25 46
28.50
26. 75
25. 38
29. 00
25. fiS
23. 50
26.00
5 841
2 744
6, 1 1 6
2 782
5 571
2 578
5 483
2 672
12.08
13. 15
15.19
15.68
12.4
13.1
15.1
14.8
1,182
1,002
141
1,237
1 031
2
160
1,076
870
160
1,088
858
159
18.50
18.13
17. 75
17. 10
19.50
17.70
20.62
19.18
2,238
2,128
2,322
2,238
421
102
66
477
109
54
544
68
81
597
99
64
991. 5
170, 689
3,379
48 452
913.4
186, 134
3,117
37 805
986. 0
212, 069
2, 560
59, 387
999. 3
204, 302
2,494
39, 345
5. 293
4. 933
i 5. 343
* 4. 933
1
T
21, 643
92 0
408
49, 385
23, 300
99 1
436
53 166
4 3,34
2,281
2,397
T 1
i 5. 083
i 5. 335
i 5. 088
450
1 787
1 992
388
514
1 782
2, 092
783
516
1 746
2, 605
1 319
25 30
21.81
25.50
24 75
21.23
24. 50
24 62
20. 91
25.50
24 83
21. 59
p 25. 50
5, 086
2 465
4,304
2 061
5 903
2 466
5, 165
2 330
5, 407
2 451
15.57
16.11
16.57
16.14
16.07
17.04
17.06
14.4
14.8
15.2
15.3
14.7
17.1
19.2
1, 054
902
148
1,110
1 086
258
1,137
881
205
1,113
875
190
1,240
1 165
474
1, 323
1 457
722
1, 353
1 507
616
22.25
20. 35
21 25
21.20
21.25
20.88
21.50
19.61
20.25
17.95
18 25
17.21
16. 50
17.34
15.98
1,995
2,144
1,959
2,071
2, 054
1,834
2,097
2,081
2,110
617
82
56
594
88
53
641
94
71
634
80
57
591
89
67
532
69
77
461
88
94
912.3
193, 840
2 158
33 232
1,000.3
173, 574
2, 201
32, 887
887.7
166, 041
2, 640
45, 933
1,004.8
156, 143
2, 062
36 220
1,044.7
153, 078
2,142
43, 044
976. 2
153,322
1,770
51 718
r
5. 250
* 4. 933
r
5. 300
26 00
22 54
15.95
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 lb__
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 oflb
Stocks, cold storage, e n d o f month _ _ _ _ _ _ d o
Pork (including lard), production, inspected slaughter
mil o f l b
Pork (excluding lard):
Production, inspected slaughter
thous oflb
Stocks, cold storage, end of month
do
Exports
do
Tm ports
_
do
Prices, wholesale:
Hams smoked, composite
dol. per Ib
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production inspected slaughter
thous oflb
Stocks, dry and cold storage, end of month
do
Exports
do
Price, wholesale, refined (Chicago)
dol per Ib
89
68
402
103
56
1, 091. 6 1, 094. 5
160, 876 r 171, 243
2, 756
2 596
48 636
70 735
1, 074. 1
182, 739
2,877
36 300
178, 533
'403
410
.461
.454
.449
.461
.476
.474
.473
.451
.441
.433
.421
.438
55, 886
12, 300
50, 800
12, 624
57, 552
14, 794
61, 755
14, 046
54, 256
12, 203
54, 830
11, 188
52, 430
10, 921
53 333
9,943
52, 067
11, 654
49, 974
13, 178
56 532
13, 434
59, 347
* 12, 644
62, 057
12, 286
12, 139
1,190.2
1,163.4
1, 278. 9
1, 177. 0
1, 028. 7
1,088.7
1,018.9
1,012.9
957.3
807.8
949.0
927.1
974.2
902, 803
184, 825
6,896
11,858
876,741
223, 830
7, 979
11,875
954, 721
264, 280
4, 668
13, 484
886, 766
311,537
4,849
15, 057
788, 091
342, 574
5,515
14, 246
81 9, 880
337, 921
7, 828
11,832
773, 678
383, 291
7, 078
15, 448
766, 768
386, 291
5,948
14, 646
716,454
351, 127
3.583
17, 329
607, 007
294, 242
3, 006
15, 584
715, 652 704. 006
220, 665 '•157,812
7,103
4, 278
12, 568
13, 227
744, 573
143, 934
6,352
13, 842
154, 677
.450
.411
.451
.375
.430
.390
.441
.406
.478
.455
.476
.429
.492
.453
.484
.492
.469
.508
.469
.485
.445
.520
v . 472
.525
.505
208, 587
92,100
70, 722
.115
238, 203
123, 700
36, 585
.108
211,742
135, CW
68,800
.105
176 082
146, 800
50 260
il08
196,299
144, 800
55, 506
.113
179, 103
136, 000
56, 154
.123
180 153
149, 800
49, 825
.120
1 75, 670
136,400
62, 724
.123
146 486
128, 900
42 940
.133
169 799
108, 900
51 186
.140
162, 085
92, 500
42, 319
P. 128
167 381
79, 300
''. 439
. 460
210, 021
80, 400
67, 845
.114
. 456
. 425
POULTRY AND EGGS
Poultry:
506
604
456
409
372
718
Slaughter (commercial production)
mil. oflb
699
656
403
413
490
631
526
Stocks, cold storage (frozen), end of month
352,
826
316.
686
299,
709
184,704
159,
218
149, 832 152, 737 201,111 '292,626 414, 384 354, 677
261, 493 220, 381
thous. of lb_ 384,611
r
87, 277
74, 306
66, 717
70 891 112,517 186, 057 282, 187 213 277
Turkeys
do
220, 370 183, 329 149, 176 142, 296 123, 954 105, 208
Price, in Georgia producing area, live broilers
.162
.153
.177
.171
.171
.144
.150
.171
.172
.140
.168
.172
dol. per Ib.
.149
.156
Eggs:
15.4
15.3
13.4
12.4
15.8
14.4
Production on farms
mil. of cases?
13.3
14.4
14.8
14.1
12.8
12.8
13.9
13.2
Stocks, cold storage, end of month:
299
304
1,110
297
188
269
96
181
753
Shell
thous. of cases
1,029
345
746 r M86
M67
Frozen
thous. of Ib 119, 355 96, 175 78, 678 75, 275 78, 089 81, 431 90, 104 121, 768 157, 040 166, 387 158, 094 139, 797 113, 743 87, 568
Price, wholesale, extras, large (delivered; Chicago)
.307
.289
.259
.342
.458
.345
.363
.328
.321
.493
.523
.297
dol. per doz.
.267
.367
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
15, 304
22, 792
Imports (incl. shells)
__ ._
long tons.
32, 854
14, 411
31, 394
8,048
14, 388
20, 129
17, 613
20, 093
30 392
18, 678
17, 997
.358
Price, wholesale, Accra (New York)
_dol. per Ib.
.330
.309
.303
.295
.290
.292
.284
.298
.285
.288
.290
.283
.271
r
1
Revised.
v Preliminary.
Beginning 1960, Minneapolis
prices cover standard patent and Kansas City prices, 95 percent patent. January 1960 prices comparable with December
2
1959: $5.500 (Minneapolis) and $5.145 (Kansas City).
Beginning 1960, for 8 States (Wisconsin excluded); January 1960 figure for cattle and calves, 9 States, 382 thous.
§Quotations
are for 100 pounds in bulk; prior to 1959, for 100-pound sacks.
cfChicago prices through 1958 (January 1959 price at Chicago, $33.00).
9 Cases of 30 dozen.
SURVEY OF CURRENT BUSINESS
December 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-29
1959
1960
DecemOctober November
ber
January
February
March
April
June
May
July
August
Septem- October November
ber
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):
Inventories (roasters', importers', dealers'), end of
quarter
thous. of bagscfL
R castings (green weight) quarterly total
- do. _
1 472
Imports
do
738
FroPi Brazil
do
Price, wholesale, Santos, No. 4 (New York)
dol. perlb..
.353
Confectionery, manufacturers' sales!
thous. of dol - 126, 000
Fish:
Stocks cold storage, end of month
thous. of lb_Sugar:
Cuban stocks, raw, end of month
thous. of Spanish tons
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
._ _ short tons_Entries from off-shore, total 9
do
Hawaii and Puerto Rico
_,
do
Deliveries, total
do _ _ .
For domestic consumption
do ..
For export and livestock feed
do
Stocks, raw and refined, end of month
thous. of short tons..
Exports
. --.
...short tons
Imports:
Raw sugar, total 9
- (1°
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
Wholesale (excl. excise tax). - _ dol. per Ib
Tea imports
thous. of Ib
Baking or frying fats (incl. shortening):*
Production
mil. of Ib
Stocks (producers' and warehouse), end of month
mil. of Ib.
Salad or cooking oils:*
Production
_
,, _ ,
_ do
Stocks (producers' and warehouse), end of month
mil. of lb_
Margarine:
Production _
_ _
_ _
do
Stocks (producers' and warehouse), end of month
mil. of lb_.
Price, wholesale (colored; delivered; eastern U.S.)
dol. p c r l b _ _
1 621
601
3,370
5, 678
9 369
1, 105
.373
121,000
2 147
796
2,857
5. 833
2 018
780
1 642
758
1 816
748
2,931
5, 205
1,903
1,002
1 648
805
361
108,000
. 366
.370
101, 699 105, 495
.370
104, 892
.371
87, 295
.373
72, 909
.375
76, 111
.369
60, 664
242, 153
232, 009
209, 489
180, 452
142, 880
133, 765
146, 579
165, 822
193, 461
210, 519
1,780
1,477
1,419
2, 575
3,921
4,302
3,996
3,204
2,910
2,564
627, 591
275, 623
1 59, 200
849, 769 r 603, 718
251, 474 r 142, 873
155, 091 r 78 373
273, 431
(505. 046
30, 808
84, 706
506, 582
81 730
53, 963
63, 640
573, 532 1,029,544
149, 826 232 758
47, 042
883, 079
166, 150
29, 414
45, 267
726, 002 T'393,966
227, 288 226, 355
61, 750
296, 251
250 283
658, 754
652, 252
6, 502
617, 143
612,329
4,814
785.651
782 047
3 604
548, 507
545, 400
3,107
617, 094
612, 325
4,769
779, 790
772, 817
6 973
705, 390
699 916
5 474
785, 680
780, 032
5, 648
976, 291 1,071,969
968, 753 1,061,206
10, 763
7,538
892, 447
882, 429
10 018
1,21-7
684
1,811
490
2, 005
713
2,082
498
2, 076
1 053
1, 951
485
1, 954
243
2.023
331
1,716
297
1,396
414
1,179
425
954
308
291
194,273
119.022
67, 463
] 57, 050
115.442
3, 360
238, 722
177 891
9 520
279, 761
169,869
79, 063
354, 404
215,408
95, 973
497, 432
331. 385
96, 047
415, 529
317 287
89 694
484, 072
394, 371
75, 824
411, 892
282, 570
120, 082
393, 494
211, 464
160.409
327, 623
3 280
192,515
343, 857
0
25, 227
196, 617
0
41, 832
13, 830
9, 085
7. 921
1 240
4 499
1 530
35, 018
25, 900
43, 880
37 879
49, 404
40 910
45 457
42 595
60, 451
47 415
48, 632
43, 959
56, 170
42 434
26, 792
3 750
23, 635
6 375
23, 424
960
.066
.064
OG2
.059
060
.061
062
. 061
. 061
.066
001
.066
064
.557
.088
9, 130
.549
.088
8. 131
549
.088
11 042
.545
.086
9,644
543
. 086
11,416
. 542
.085
11, 593
540
.085
9 536
. 541
. 085
10, 588
.541
.085
9,940
.541
.087
8, 584
565
.090
9 132
5fi8
.090
9 132
571
.090
8 050
200. 0
201 9
185 9
190 2
1 0f, g
194 0
185 7
193 8
206 8
151 8
918 1
189 4
205 1
111.0
110.9
116.0
no. 5
114.9
123.0
118.7
115. 9
126.2
109.1
108.3
111.8
117.9
120.3
124.4
130 1
129.4
147.8
154. 3
136 4
156. 8
164. 1
145. 7
164 9
133 6
138 9
41.7
47.0
54.1
60.0
57.7
56. 5
54 3
56.2
49.7
50.6
48 6
41.2
42 6
146.1
143.5
163.8
158. 5
143.5
150.4
139 6
123.7
132. 6
120.1
135 2
134 6
150 3
32.6
30.4
34.0
36.7
38.1
38.7
39 1
32.8
39.9
35.2
33 5
.253
.238
.238
.238
.238
.238
.238
.238
.238
.238
23. 2
22.0
27.0
23.4
25. 4
18 2
28,2
21.5
29.7
23 6
26.1
23.2
24 5
23 0
27.0
24 6
24.5
21 7
30 0
28 2
237, 586
r
2, 027
1 232
392
r
r
3, 440
5 083
1 963
863
2 078
784
.369
. 364
83, 402 r 133, 680
.368
127, 576
2 032
1 057
r
222, 396
2,305
T
T
. 365
2, 086
202, 533
141, 012
r
33 7
32 9
'. 235
p. 235
27 6
22 6
28 2
27 6
065
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
Production (quantities rendered).. _ - mil. o f l b
Consumption ( factory)*?
do
Stock s (factory and warehouse) , end of month
do— Tallow and grease (except wool), inedible :J
Production ^quantities rendered)
do
Consumption (factory)^
do
Stocks (factory and warehouse), end of month
do
Fish and marine mammal oilsrt
Production
do
Consumption (factory) 0 - _
do Stocks (factory and warehouse), end of month 0
mil.
oflb_.
Vegetable 1 oils and related products:
Vegetable oils (total crude and refined):
Exports
do
Imports. _
do __
Coconut oil:
Production:
Crude
do
RefinedfT)
_ _ _
_ __
do
Consumption in end products. _ _._ - . d o .
Stocks, crude and refined (factory and warehouse),
end of month
mil. oflb. _
Imports
_
_ _ .
do
Corn oil:*
Production;
Crude
_ __ __ ._ ._
do
Refined©
._ .
do _.
Consumption in end products, __
__ _ do- _
Stocks, crude and refined (factory and warehouse),
end of month,
...
_
mil. oflb.
28.8
26 3
19.2
19.2
23.2
28.5
27.4
24.1
23.1
22 5
23.0
23.8
27.0
24.7
268. 2
153.3
253. 1
137.0
264 4
140 2
2fi4. 3
148. 2
252 9
141.2
258. 4
161. 6
237 6
150 9
253 7
153 9
255 4
167. 0
233 9
117 3
255 0
161 4
r 254 3
157 5
249 6
161 5
333.1
326. 6
325. 3
324.8
346. 1
333.8
323. 1
291.9
282.5
301.1
310. 7
r
342.5
15 6
6. 1
8 5
9.5
2 3
10 4
3
6.3
4
8.4
2
9.2
2 l
72
14 2
80
35 1
9 0
40 0
82
36 8
10 6
342. 7
T9 i
21 6
83
109. 5
95.5
r 29
r
5
130. 9
147.2
131.9
103.7
88.0
89.5
82 7
87.4
105.6
91.9
95.0
108 4
44.2
117 2
42.1
87 3
44.3
109 8
33.4
144 9
33. 1
106 5
44. 5
164 3
52 1
165 4
39 0
229 3
57 0
122 5
42 6
941 6
37 0
K
9 4
52 5
71 2
47 6
43 9
31.0
47.3
44 3
29.4
47.7
34 7
28 4
49.2
33 6
27. 1
46.9
30 3
30 3
47.4
39 6
33. 6
53.6
43 6
35 1
52.8
43 7
38 8
57.9
39 0
35 9
55.9
44 7
27 5
35.7
47 9
36 8
54.7
35 9
32 6
49.5
45 8
36 3
53.1
51.1
17.7
67.0
20.6
61.4
9.7
62.1
10.6
51.2
6.2
55.4
14.3
2 315. 0
13 2
315.4
12 3
306. 2
18 3
322.4
78
327.0
8 9
>• 322. 6
16 5
321.2
15 6
27.3
23.6
20.8
25 0
27.2
25.2
26 3
25.3
29.1
26 7
24 6
25.9
27 4
25 0
27.8
28 6
30. 5
27.7
25 0
22 9
21 6
29 0
21 1
22 4
28 5
25 0
26 2
97 7
24 3
24 4
29 6
32 0
29 5
27 4
25 5
26 5
28 0
27 6
29 3
31.0
31.9
28.6
30.0
27.0
27.3
32.7
39.1
38.7
42.6
37.7
37.9
38.7
2
Revised.
v Preliminary.
1 Beginning September 1960, prices are based on a new specification and are not entirely comparable with those for earlier periods.
Beginning April 1960,
data include Government Services Administration stocks and are not comparable with those for earlier periods.
cfBags of 132.276 Ib.
{Revisions for January 1956-March 1959 for confectionery will be shown later; those for January-November 1958 for fats and oils appear in Census report,"Fats
and Oils, 1958" (Series M28-1-08).
9 Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*Ncw series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports.
AFor data on lard see p. S~28.
^Consumption data exclude quantities used in refining.
GConsumption figures exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities of these oils
held by producing firms. ©Production of refined oils covers once-refined oils (alkali refined).
r
SUKVEY OF CURRENT BUSINESS
S-30
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
NovemDecemOctober
BUSINESS STATISTICS
ber
ber
December 1960
1960
January
February
March
April
May
June
July
August SeptemOctober November
ber
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products — Con.
Cottonseed :J
778.0
Consumption (crushings)
thous. of short tons
Stocks (at oil mills'), end of month _ __ _ _ do . . 1,937.5
Cottonseed cake and meal }
360. 0
Production
. ..do.. 110.8
Stocks (at oil mills), end of month
do
Cottonseed oil:
Production:
261. 7
Crude}
_
mil. oflb._
143.1
Refined d71
do
98.5
Consumption in end products
- - - do __
Stocks, crude and refined (factory and warehouse) ,
311.6
end of month
mil. of Ib
.148
Price, wholesale (refined* drums; N.Y.)..dol. per l b _ _
Flaxseed:
84.7
Consumption (crushin^s)
thous of short tons
98.4
Stocks (at oil mills), end of month
do
3.68
Price, wholesale (No. 1; Minneapolis) __dol. per bu_Linseed oil:
60.2
Production crude (raw)
mil of Ib
30.5
Consumption in end products?
do _
Stocks, crude and refined (factory and warehouse),
134.7
end of month
mil. of Ib
.139
Price, wholesale (Minneapolis) _ _ _ _ dol. per lb_
Soyboans:
1, 060. 2
Consumption (crush ings)
thous of short tons
2, 367. 8
Stocks (at oil mills) endofmontht
do
Soybean cake and meal:*}:
1, 618. 4
Production
mil of Ib
145.2
Stocks (at oil mills) end of month
do
Soybean oil:
Production:
391.2
Crude
do
272.9
Refined cf
do
266. 6
Consumption in end products}
do
Stocks, crude and refined (factory and warehouse),
321.4
end of month
mil o f l b
.128
Price wholesale (refined; N Y.)
dol. per Ib
TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter,
total
mil o f l b
Exports inch! ding scrap and sterns
thous o f l b
Imports, including scrap and stems
do
Manufactured products:
Production manufactured tobacco total
do
Cliewine, plus, and twist
_ _ _- do
Srnokin 0 '
do
SnufT
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
millions
Tax-paid
do
Cigars (large) tax-paid
thousands Manufactured tobacco and snuff, tax-paid
thous of Ib
Exports cigarettes
millions-
723. 3
2, 609. 0
656. 1
2, 441. 2
632.7
1, 945. 4
576. 6
1, 443. 7
528.3
953.4
373. 7
596.0
252.4
357. 3
176 6
191.1
142. 7
104.8
139 8
205.0
412 9
701.9
760 8
1,639.0
336. 7
113. 1
303.4
110.4
289.9
131.6
267. 5
149.5
246.7
140.8
175.8
188.9
116.9
204.5
83.0
202.8
70.0
189.9
68.6
157.7
189.3
137.1
353. 5
167.7
243.1
153.3
101.4
220. 5
160.0
98.7
212.2
151.1
96.8
196.9
150. 9
100. 6
181.3
159.6
102.6
130.9
136.2
96.8
86.7
106.6
103.7
62.6
81.3
103. 8
51.3
46.9
S6.9
48.8
55 9
107.6
133. 3
71.5
91.8
258. 4
160 7
109 0
389.4
.143
462. 8
.140
473.9
.146
477.0
.144
520.3
.145
495.7
.151
446.9
.156
357.6
.155
286.2
.151
200.0
.153
216.8
•-.145
322 6
p. 147
48.5
82.3
3.85
49.9
95.8
3. 58
51.8
77.1
3.50
46.3
64.2
3.35
45. 6
54.4
3.28
40.5
27.8
3.36
30.4
20.0
3.43
32 9
21.7
3.19
21.9
33.0
3.01
31.9
30.7
3.11
60.5
70.0
2.98
63 2
108. 0
2.88
34.8
23.8
35. 6
23.3
37.2
25.0
32.9
26.7
32.5
27.7
29.5
30.1
21.7
34.0
23 8
35.0
15.8
32.4
34. 7
43.0
31.3
45 0
31.7
142.8
.145
149.7
.143
163.8
.140
163.3
.139
161.2
.135
151.2
.131
123.9
.132
89.5
.132
74.6
129
61.2
.132
71.0
.126
80.6
p. 123
1,081.6
3,202. 8
1,013.7
3, 029. 0
1,016.8
2, 770. 0
919.9
2, 437. 5
1,039.8
1,922.6
992.8
1, 620. 2
995. 9
1,405.4
939 8
1.291.5
941.3
1,016.3
962 0
597.0
806. 2
494. 7
1,066 9
2, 974. 5
1,653.6
153.0
1, 553. 6
126. 6
1,549.8
190. 4
1,394.6
188.0
1,562.2
171.8
1, 507. 6
247.8
1,513.6
269.8
1 , 443. 2
225 4
1,441.6
251.0
1, 484. 0 1, 239. 6
158.6
182.0
1, 638. 4
183.4
392.6
265. 4
253.0
369. 2
290.0
271.0
370.5
287.9
274. 8
335. 4
287.7
270. 5
379.4
291. 4
287.9
366. 4
273. 2
264.6
365. 9
280. 9
275. 2
348.6
303 7
303.6
350. 0
238. 5
245. 5
358. 5
306. 7
303.0
995; 4
264. 3
265. 4
390.7
271.8
275. 3
422.7
.119
507.4
.117
551. 3
.119
541.2
.115
585. 8
.117
595. 9
.121
564.5
.125
422. 6
.128
450. 5
.131
311.8
.138
307. 5
M29
365. 6
•p. 133
1
2.76
2
1 , 797
r
r
25 452
12, 753
r 4 604
27, 754
13. 115
14, 360
12, 734
13,764
5, 265
5, 833
2,667
13,360
5, 070
5, 510
2, 780
15,364
5,272
6,917
3, 175
3, 062
34,318
442,144
2,718
37, 630
472, 885
3, 087
35 181
486, 035
13, 293
1, 663
13, 354
1,442
13,011
1,490
50,144
14, 140
« 4, 845
57.518
49, 748
12, 719
10,647
23, 072
14, 675
1 5, 643
5, 869
6 662
3,113
14, 175
5,610
5,677
2,888
13,371
5, 481
5,015
2, 875
2,403
43, 060
566, 419
2, 853
36, 190
663, 329
15,157
1,038
14, 093
1,567
1 960
1
23, 437
13,062
4 339
29, 574
14, 783
37, 771
14, 919
4 477
82. 922
13. 335
20, 500
11,325
81,103
14, 341
14, 257
5, 237
6, 389
2, 631
15, 745
5,811
6, 494
3, 440
16,178
6, 103
6, 592
3, 4S3
1 1 . 790
4, 994
4.S81
1.914
15, 796
5, 895
6, 722
3, 179
15,113
5, 399
6, 874
2,840
14,910
5, 319
6, 709
2 882
3,246
40, 260
531, 023
2, 642
36, 929
502, 3C8
3, 177
41,355
€23, 797
3, 667
43, 643
571,925
?, 592
35, 667
503, 935
2, 954
44, 622
623, 983
3 221
40, 899
581,540
3,491
39, 836
577, 031
14, 935
1, 573
14, 054
1, 434
15.156
1,813
15, 543
1,805
11,906
1,622
15, 887
1,449
14, 501
1,706
14, 543
1,939
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous. of dol .
Calf and kip skins
thous of skins
Cattle hides
thous of hides
Imports:
Value, total 9
_
thous. of dol_Sheep and lamb skins
thous of pieces
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins
packer
heavy
9^/15
Ib
dol.
per
Ib
Pride*3 steer heavy native over 53 Ib
do
6,104
162
326
6,939
187
466
4. 422
134
311
5,056
165
417
7,874
198
661
6, 941
182
572
4,997
184
374
6,043
161
490
5,223
121
459
6.088
134
557
6,288
158
586
5,042
142
514
6,962
248
646
6,372
1,339
2,130
5,896
1,326
1,871
5, 409
1,053
1,805
5, 319
1,917
1,627
4,667
1, 306
1,678
8, 905
5, 585
1,530
7,945
3,095
2,291
7,973
3,549
1,978
8,029
3, 822
2,189
5,947
2,160
1,413
4,926
916
1,551
4,173
1,573
1,306
4,955
1, 665
1,288
.550
.193
.425
.130
.500
.148
.600
.138
.560
.133
.560
.143
.565
.143
.565
.148
.580
.133
.580
.143
.525
.148
.525
.138
P. 550
P. 138
LEATHER
Production:
589
468
496
497
504
492
536
332
515
535
476
630
532
Calf and whole kip
thous of skins
r
1,768
1,912
1,883
1,805
1,496
1.903
1,836
1,743
1,946
l,911
1,832
1,803
1,947
Cattle hide and side kip© thous. of hides and kips
1,834
1,914
1,769
1,844
1,714
1.381
1,814
1,622
1,464
1,421
1,919
1,687
1,301
Goat and kid©
thous of skins
2,408
2, 653
2,684
2,669
2.489
2,689
2,537
2,652
2,350
2,685
1,858
2,820
2,479
Sheep and lamb©
do
Exports:
1,624
1,637
2,829
2, 806
4,277
1, 794
1,636
1,889
2, 033
2,528
3, 067
2, 725
2,451
Glove and garment leather
thous. of sq. ft
4,149
3,408
3,175
3 082
3,291
2,390
3 798
2 687
4, 050
2,987
3 960
3 563
2 952
Upper and lining leather
do
Prices, wholesale:
r
.760
747
.727
.700
. 683
.900
.800
.720
717
.687
.713
.730
* 680
Sole bends light f o b tannery
dol per Ib
Upper, chrome calf , B and C grades, f.o.b. tannery
1.215
1.292
1. 197
1.327
1. 333
1.303
1.303
1.298
1.323
1.317
1.333
1.317
"1.312
dol. ner so. ft..
r
Revised.
» Preliminary.
1
December 1 estimate of 1959 crop.
2 December 1 estimate of 1960 crop.
{For 1953 revisions, see Census report, "Fats and Oils, 1958" (Series M28-1-08).
cf Production of refined oils covers only once-refined oils (alkali refined).
*New series; data prior to August 1958 are available from reports of the compiling agency (Bureau of the Census).
9 Includes data for items not shown separately.
©Revisions for January-March 1959 (also for 1958 for sheep and lamb) will be shown later.
a Earlier revisions are as follows (mil. Ib.): 1955 (4th qtr.), 5,172; 1956 (lst-4th qtr.), 5,028; 4,584; 4,781; 5,348; 1957 (lst-4th qtr.), 5,207; 4,840; 4,913; 5,140; 1958 (Ist^th qtr.), 5,003; 4,600;
4,699; 4.966; 1959 (lst-3d qtr.), 4,827; 4,437; 4,568.
SUEVEY OF CTJKKENT BUSINESS
Pe<-ember 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-31
1959
1960
DecemOctober November
ber
January
February
March
April
May
June
July
October NovemAugust September
ber
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production total
thous. of pairs.. r 53, 198
Shoes, sandals, and play shoes, except athletic, r
total
thous. of pairs. _ 42, 811
By kinds:
r
8, 971
Men's
do
r
2, 041
Youths' and boys'
do
Women's
.
do_ __ 'r22, 61 9
5, 980
Misses' and children's
do
r
3, 200
Infants' and babies'
- do_ _.
Slippers for housewear
_ . do
\thletic
do
Other footwear
.
_ do
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys'
oxfords, dress, elk or side upper,
r
Goodvear w elt
1947-49= 100. _
Women's oxfords, elk side upper, Goodyear welt
1947-49-100
Women's pumps low-medium quality
do
r
r
46, 490 ' 48, 790
r
37, 445
53, 100
53, 403
57, 861
48, 756
48, 595
49, 902
43, 413
58 108
48, 776
47, 452
48, 393
48, 150
51, 408
42, 820
42, 320
42, 934
37, 841
49 260
40, 603
38, 532
9,042
7, 992 * 8, 720
2,287
1, 774 ' 2, 089
r
26,
735
'
22,
376
19,
568
r
r
6, 983
5, 222
6, 309
r
2, 889 ' 3, 274 3,346
8, 596
2, 195
26, 949
6,921
3.489
9, 796
2,278
28, 733
6,921
3,680
8, 660
1,918
24, 069
5, 226
2, 947
8.914
2,010
22, 799
5, 602
2, 995
9,039
2,112
23, 172
5,733
2,878
6,977
2,145
21,135
5,440
2,144
9,437
2 408
26, 902
7 303
3,210
8, 521
2,026
21,069
6 055
2,932
8,433
1 907
19, 666
5 547
2,979
4, 452
504
297
185
5,461
602
390
252
5,100
542
294
235
5,355
589
331
174
5,802
649
517
147
4,832
368
372
155
7,809
518
521
245
7,189
506
478
217
7,916
540
464
241
T
42, 768
r
r
r
7,r 907
583
'555
268
' 4, 869
'592
'561
186
4,019
473
215
191
137.4
137.4
137.4
137.4
137.4
137.4
135. 7
133.5
133.5
133.5
133.5
133. 5
p 133. 5
146. 7
132.0
146. 7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146. 7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146.7
133.7
146 7
133 7
146 7
133.7
p 146 7
v 133. 7
3 175
2 973
' 577
2. 396
2, 807
2 801
9, 136
'650
^601
270
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production total
mil bd ft
Hardwoods
do
Softwroods
do
Shipments, total. _ __ _
_ .
do. ..
Hardwoods
do
^oftwoods
do
3,304
633
2, 671
3, 145
627
2,518
2,892
593
2,299
2,639
564
2, 075
2,947
560
2 387
2,804
538
2. 266
2 681
554
2,127
2, 634
587
2,047
2 924
508
2, 356
2 798
637
2 161
3 096
532
2, 504
2, 959
619
2,340
3 048
597
2, 451
3, 055
623
2 432
3 197
617
2, 580
3.187
613
2 574
3 194
631
2,563
3,097
581
2,516
9 693
9,212
3, 793
5,419
9, 465
3, 822
5,643
9, 610
3, 844
5, 766
9, 657
3,810
5, 847
9 800
3 741
6 059
9, 937
3 654
6 283
9 944
3 628
6 316
9 9M
3 632
6 322
Exports, total sawrrnill products
Imports total sawmill products
__M bd. ft.. 70, 934
318, 744
do
68, 081
312, 434
76, 662
271,351
64, 823
214,418
60, 041
305 515
71, 578
325, 926
89,174
305, 900
SOFTWOODS
Doup-las fitOrders, new
Orders, unfilled, end of month. _ _ ___
Production
Shipments
Stocks (gross), mill, end of month
mil. bd. ft
do___
.. do
do
do
647
554
731
680
905
630
571
680
613
971
833
703
715
701
985
566
666
650
603
1,034
687
704
724
649
1,126
661
656
793
710
1,209
29, 728
Exports, total sa\vmill products
M bd ft
15,390
Sawed timber..
...
_ do
14,338
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
dol. per M bd. ft.. 87. 100
Flooring, C and better, F. G., 1" x 4", R. L.
132. 055
dol per M bd. ft
Southern pine:
630
Orders, new
mil. bd. ft
230
Orders, unfilled, end of month
. _ _. do __
690
Production
do
667
Shipments
do
Stocks (gross), mill and concentration yards, end of
1,659
month...
mil. bd. ft.
5,055
Exports, total sawmill products
M bd. ft_.
1, 154
Sawcd timber
do
3,901
Boards, planks, scantlincs, etc. ... . . . do
Prices, wholesale, (indexes) :J
Boards, No. 2 and better, 1" x 6", R. L.
120.5
1947-49=100..
Flooring, B and better, F. G., 1" x 4", S. L.
95.2
1947-49=100..
W 06 tern pine:
806
Orders, new.
mil. hd. ft.336
Orders, unfilled, end of month
_ . do
874
Production
.
do
813
Shipments
_
,
do
1,984
Stocks (gross), mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3, \" x 12",
76. 650
R. L. (6' and over)§
dol per M bd ft
26, 449
14, 194
12, 255
36, 436
22, 000
14, 436
32,176
18,252
13,924
25, 615
14, 827
10, 788
31, 722
17,271
14,451
83. 536
83. 193
Stocks (°ross) mill end of month total
Ilnrdwoods
Softwoods
do
do
do
623
611
601
2,082
2, 605
2, 574
3,035
560
536
562
2 069
2 475
2 331
2 122
10, 050
3 682
6,368
9 902
3 757
6 145
10 036
3 798
6 238
10 142
3 840
6 302
10, 254
3 901
6 353
83, 843
408, 905
83, 094
419, 089
f>8, 899
307 136
63. 912
370 988
74, 185
345 190
69, 322
331, 708
663
633
709
686
1,245
662
531
717
764
1,197
675
488
6(59
718
1, 148
601
519
53°
571
685
491
719
712
015
447
657
660
583
434
599
596
1 109
1 111
1, 108
1, 105
36, 531
19, 628
16, 903
43 673
28. 005
15, 668
37, 889
18, 376
19, 513
31 587
18,773
12.814
24 576
11, 847
12, 729
33 460
13, 709
19, 751
29 135
12. 880
16, 255
83.193
82. 503
80. 405
80. 757
80. 235
80. 057
p 79 016
132. 563 131 717
130 919
131 186
536
2,178
2, 684
82. 325
82. 601
83. 456
132. 463
131. 598
131.688
133. 084
133 084
510
194
606
546
514
179
616
529
541
200
570
520
502
182
576
520
587
201
630
568
639
216
641
624
634
221
666
629
642
208
699
655
542
203
574
547
601
198
603
606
587
174
608
611
577
167
606
584
1,719
7,092
1,315
5, 777
1,806
8,412
1, 925
6,487
1, 856
7,649
1 247
6, 402
1,912
7,231
1 557
5,674
1,974
6, 420
1 P-20
4,800
1,991
10, 069
1 678
8,391
2,028
8, 055
2 777
5,278
2,072
9,123
2, 136
6, 987
2,099
11,003
3 643
7 360
2 096
8, 545
2 810
5 735
2 093
6, 426
1 273
5 153
2 115
7,042
2 375
4 667
120.2
119.8
119.6
118.2
117.2
117.5
116.3
114.8
113.2
111 4
110. 3
P 108 9
95.2
95.5
95.5
95.4
95.4
95.4
95.1
94.9
94.1
93 9
93.6
P 93 6
587
308
688
616
2, 056
861
423
742
745
2,053
613
404
579
628
2. 004
651
376
699
670
2 033
718
391
758
702
2 089
740
367
758
765
2 082
703
378
691
664
(
771
364
871
785
709
348
782
7269
644
322
684
670
75. 660
75. 500
76. 060
78 420
79 680
79 720
79 990
78 620
75 950
72 280 r 69 670
2, 925
11,225
3,550
3,150
9,675
2, 500
10, 800
2,850
2,900
9,700
3, 225
10, 975
3 375
2, 825
10, 125
3, 575
11,500
2 950
2,800
10, 375
2, 675
11 550
2 825
2 675
10, 575
3, 625
11 800
3 350
2 900
10, 900
3,150
12 350
2 925
2 725
11, 125
3,300
12 325
3 000
3 300
11,050
4,075
12 050
3 200
4 250
10, 000
3,925
12 550
2 175
3 000
9 275
3,650
12 050
3 350
4 100
8,525
2. 550
11 900
3 225
3 400
8, 300
2
10
3
3
8
80, 262
42, 067
90, 435
84 172
72, 602
65, 439
36, 062
77, 529
69 615
77, 945
69, 145
37, 057
77, 792
70 3°2
85, 345
81, 169
47, 384
73, 631
71 925
85, 683
72, 509
48, 651
72 509
69 2°4
87 675
71,514
48. 276
78 715
71 889
94 501
69, 689
47, 370
74 689
73 007
96 183
64, 087
38, 935
77 6559
72 52
101 316
72, 107
34, 901
76, 499
79 498
98 317
64, 029
35, 952
64 001
63 796
96 267
81, 136
38, 170
78 298
78 917
93 909
72, 246
34, 858
76 248
7^ 726
92 3^7
65, 882
32,517
74 34Q
70 894
94 590
1
735
819
339
370
829
841
767
815
2 108 - 2 170
1 >r>0
r
129 819 T 129
2 046
734 P128 631
2 10
2 116
P
69 670
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
M bd. 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. .
240,802
235, 260
217,327
500
200
000
0"0
2."0
209, 884
<• Revised.
p Preliminary.
1 Xot entirely comparable with data prior to month noted.
*[ Revisions for 1958-September 1959 for production will be shown later.
JElfective with
tlw July 1960 SURVEY, price indexes replace actual prices; data for January 1947-April 1960 will be shown later. § Not comparable with data through 1958 which cover a different specification.
SUEVEY OF CUEEENT BUSINESS
S-32
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
Novem- DecemOctober
BUSINESS STATISTICS
ber
ber
December 1900
1960
January
February
March
April
May
June
July
August
Septem- October November
ber
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys) :
Exports total 1 9
thous. of short tons. _
Steel mill Droducts*
do
Scrap t
do_ __
Imports total 1 9
_
_do_ __
Steel mill products*
do
Scrap
do
479
47
426
454
362
14
575
69
499
659
461
41
726
130
579
650
539
15
2,741
1.105
1, 635
2, 539
9, 846
5, 450
2,921
2, 529
5,373
9, 928
7, 953
4, 457
3,496
7, 864
10,011
782
562
3,899
4,383
6, 976
3,813
5,036
5,178
3, 035
4,041
1, 926
2,370
4,017
1,779
2,516
4, 502
1,922
2,217
3,025
1,593
96
74,137
11,155
53, 024
9, 958
11,604
7,091
372
75, 607
8, 736
57, 537
9, 334
10.943
11,539
126
1
73, 040
8,
524
1
56, 941
7, 575
4, 660
11, 856
70
66, 816
10, 839
49, 257
6.720
4,431
11,337
34
61, 470
13, 073
42, 483
5,914
71
100
109
73
1,018
1,172
4,199
4,479
7, 573
7,734
7, 754
7,857
3,364
3,052
2,979
65. 95
66. 00
66. 50
65. 95
66.00
66.50
889
871
519
530
158
356
512
465
10
764
203
551
505
464
12
992
320
662
318
272
10
1,013
382
623
301
213
14
832
331
492
238
177
15
1, 195
328
861
247
184
10
907
228
655
295
207
12
953
231
683
265
180
8
r
r
r 6, 270
5, 847
5, 181
r 3, 825 r 3, 523 «• 3, 181
2,324
2,445
1 , 999
' 6, 279 ' 5, 642 r 4, 994
9,475
9,661
9,270
4.150
2, 555
1. 595
4.120
9, 700
4, 650
2, 852
1,798
4,724
9, 629
4, 536
2,736
1,800
4, 646
9,514
p 4, 889
i> 2, 825
v 2, 064
" 4, 898
p 9, 512
7,440
6,873
2,334
11, 873
13, 349
3,717
11, 645
12, 816
4,221
10, 343
12, 523
3, 746
10, 934
10, 876
4,299
r 8, 789
' 9, 252
3, 070
6, 423
7, 426
2,593
4,299
11,788
100
55, 777
15,320
34, 994
5, 463
8,084
10,433
169
53, 235
15, 891
32, 645
4,699
15, 926
9,740
557
57, 673
14,418
38, 830
4, 425
16,293
8, 060
824
65, 016
13,249
47. 097
4,670
15.705
7,014
788
72, 297
11,079
55, 787
5, 431
1.3. 894
6,729
1.162
80, 050
11.148
62, 953
5,949
11,049
6, 356
849
* 84, 816
r 10, 687
67. 645
6. 484
9 906
6. 694
466
86. 2*2
8'. 579
70, 857
6, 816
115
lit
87
66
154
103
116
112
85
7, 342
7, 392
7,714
7,694
6, 760
6, 556
6,331
6,123
5, 261
5,255
4,470
4, 616
4,108
r 4, 274
4.473
* 4, 501
2,966
2,973
3, 051
3, 269
3,537
3, 644
3,758
3. 696
r
3, 617
P 3, 656
65. 95
66.00
66.50
65. 95
66. 00
66. 50
65.95
66. 00
66.50
65.95
66.00
66.50
65. 95
66. 00
66. 50
65. 95
66.00
68.50
65. 95
66. 00
66.50
65. 95
66. 00
66.50
65. 95
66.00
66.50
65. 95
66. 00
66.50
65. 'Jo
P 66. 00
P 66. 50
1)5. 95
886
830
515
847
1,107
584
854
1,136
592
857
1,108
571
882
1,143
600
836
1,051
581
782
1,053
589
720
1,050
602
755
803
451
713
859
540
695
900
527
85
76
49
83
58
42
94
80
46
100
83
46
98
83
47
85
86
50
79
71
39
73
69
38
64
73
43
74
50
29
70
59
37
69
63
36
1, 705
14
24.0
7, 268
60
105. 6
11, 989
96
168. 5
12, 049
96
169. 4
11,127
94
167.2
11, 565
92
162.6
9,778
80
1 42. 0
8,830
70
124. 1
7, 405
61
107. 6
6. 351
50
89. 3
6,838
54
96.1
6, 458
53
93.8
' 6, 868
54
96.5
P 6. 167
50
89.6
106
85
109
86
133
104
123
94
129
98
144
110
127
97
97
137
107
90
67
102
77
104
80
373.3
97.3
74.3
405.2
87.3
63.3
420. 1
114.4
85.3
420. 1
122.6
93.6
398.3
129.8
100.1
356. 2
137. 9
107.8
325. 0
110.7
89. 7
312.5
110. 3
85.1
295.2
110.1
82.0
295. 3
79.3
57. 9
636
168
459
507
471
11
758
235
514
391
331
16
_x
Iron and Steel Scrap
Production and receipts, total
thous. of short tons__
TTome scrap produced
do
Purchased scrap received (net)
do__
Stocks consumers', end of month
do
'7,411
4, 465
2, 946
* 7, 871
9,540
r
r
* 7, 173
7, 259
' 4, 221 r 4, 366
2, 808
3, 037
* 7, 256 »• 7, 437
9,278
9,545
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. of long tons__
Shipments from mines
do.
Imports t
- -do _ _
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports
Storl-c^ to^al end of month
_/v t mines
A.t furnace vards
At TJ S docks
do
do
do
do
do
do
do
Manganese (manganese content), general imports t
thous. of long tons_.
Pig Iron and Iron Manufactures
Pie iron:
Production (excl. blast furnace prod, of ferroalloys)
thous. of short tons_.
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons__
P rices:
Composite
dol. per long" ton
Basic (furnace)
do
Foundry No 2 Northern
c^o
Castings, gray iron: O
Orders, unfilled, for sale, end of month
thous. of short tons__
Shipments, total
do
For sale
do
Castings, malleable iron:
r
Orders, unfilled, for sale, end of month
thous. of short tons__
Shipments, total
do
For sale
do
2
T
r
4, 480
4, 405
r
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production _
thous. of short tons
Percent of capacity d"
Index
1947-49-100
Steel castings:
Shipments total
thous of short tons
For sale total
do
Steel forgings (for sale):
Orders unfilled end of month
do
Shipments, total
do
Drop and upset
do
Prices:
Composite, finished steel (carbon)
dol. p e r l b _ _
Steel billets, rerolling, carbon, f.o.b. mill
dol. per short ton__
Structural shapes (carbon), f.o.b. mill
dol. per l b _ _
Steel scrap, No. 1 heavy melting:
Composite (5 markets) §
dol. per long ton
Pittsburgh district
do
* 299. 0 '•SOI. 7
^88.3
••94.0
' 63. 0 '68.8
277. 1
97.0
72.4
.0698
. 0698
. 0698
. 0098
. 0698
. 0698
.0698
.0698
. 0098
.0098
. 0698
.0698
. 0698
95.00
.0617
95.00
.0617
95. 00
. 0617
95. 00
. 0617
95. Of)
.0617
95. 00
.0617
95. 00
.0617
95.00
.0617
95. 00
. 0617
95. 00
.0617
95.00
.0617
95.00
.0617
P 95. 00
p .0617
42.04
41. 00
44.47
46. 00
41. 23
42. 00
41.41
43.00
40.04
43. 00
34. 16
36.00
33.88
35.00
32.97
33.50
31.12
31.00
31.28
30.50
32.20
30.50
31. 87
30.50
» 29. 53
p 28. 50
2,120
1,286
2, 653
1,459
2,193
2,280
1,796
1,808
1,616
1,424
1,871
1,700
1,798
1,714
1,715
1, 893
1,702
1, 986
1,681
1,762
1,619
1,892
1,607
1,847
383
235
328
1,543
23, 434
298
170
258
1,356
18, 526
317
177
274
1,374
21, 640
301
181
251
1,435
2! , 904
288
171
237
1,470
22, 381
330
184
273
1, 696
24, 302
363
209
300
1, 496
23, 542
408
" 232
345
1,597
29, 926
424
230
363
1, 619
32, 199
453
275
399
1,368
25, 174
601
409
535
1,693
24, 952
553
390
484
1,561
23, 609
. 0698
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders, unfilled, end of month
thousands...
Shipments
do
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use... thous. of short tons__
Food £5
do
Shipments for sale
do
Closures (for glass containers), production
millions..
Crowns, production
...thousand gross. _
417
272
358
1,483
20, 486
Steel products, net shipments:
4,842
4.944
6, 272
1,419
5, 072
4,711
8.430
4.983
5,921
7,583
8,211
7, 966
6,742
Total (all grades)
thous. of short tons.
219
184
174
4J4
253
176
374
180
188
239
351
416
Semifinished products
do
321
457
619
315
324
574
397
348
562
447
517
570
Structural shapes (heavy), steel piling
do
434
529
354
776
405
370
373
484
624
7§5
754
727
Plates
do
91
153
47
51
170
149
50 1
76
133
148
120
139
Rails and accessories
do
r
1
2
Revised.
p Preliminary.
Reflects inventory adjustment.
Including blast furnace production of ferroalloys.
t Revised (beginning in the February 1960 SURVEY) to include certain metal manufactures classified by the industry as steel mill products but formerly omitted from the total shown here;
see note marked "*".
9 Includes data not shown separately.
*New series (from Bureau of the Census). Data beginning January 1959 revised (in the April 1960 SURVEY) to include exports of secondary tinplate. Revisions for 1958 for total and steel
mill products exports and imports are shown in the March 1960 SURVEY (bottom p. S-32).
©Revisions for January 1958-September 1959 are available upon request.
J Scattered revisions for 1957-58 are available upon request.
c? For 1960, percent of capacity is calculated on annual capacity as of January 1,1960, of 148,570,970 tons of steel; for 1959, as of January 1, 1959 (147,633,670 tons).
§ Represents the weighted average of consumers' buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham, and
forSan
FRASER
Francisco.
©Excludes shipments of food cans of the pressure-packing type; such types are included in total shipments.
Digitized
December 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
S-33
1959
October
1960
Novem- December
ber
January
February
March
April
June
May
July
August SeptemOctober November
ber
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments— Continued
Bars end tool steel total
thous of short tons__
Bars' Hot rolled0 (incl li^ht shapes)
do
Reinforcin "
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 new (net)
thous. of short tons..
Shipments
do ___
Backlog end of month
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production primarv, domestic thous. of short tons.
Estimated recovery from scrap ©A
do__.
Iiriporfs (general):
Metal Tnd alloys crude
- - do
Plates ''heets etc t
_
-do
Stocks, primarv (at reduction plants), end of month
thous. of short tons. _
Price, primary ingot, 99.5%+©
dol. per lb__
Aluminum shipments:0
MiT Trod nets ",ncl in ' and ingot (net)J
mil. of Ib
Mi'i products total
do
T"i <)!,-> iTifj she(5t
do
Casting
do
Copper:
Production:
M ; ne recoverable copper
thous. of short tons.
Rofinerv primary
do
From domestic ores
do
993
679
162
143
610
247
559
2, 806
796
1,379
86"!
541
192
120
586
246
567
2, 654
2,422
912
1,447
1,214
883
145
176
698
275
635
3, 291
942
1,608
1, 357
221
209
2,116
289
241
2, 189
2,364
343
277
345
287
2, 401
163.0
38.0
164. 0
41.0
156. 8
40.0
170.7
43.0
15. 8
4.4
26. 4
4.7
12.0
3.4
10.6
3.5
132.8
111.6
127. 5
. 2810
759
502
163
86
510
233
349
1.943
575
924
1,283
901
213
160
859
381
553
3, 275
956
1,599
1, 245
879
185
172
914
372
588
244
195
1, 891
260
181
2, 068
366
236
2, 195
173.7
39.0
153.7
33.0
18. o
3.7
131.1
3,332
995
1,592
. 2080
. 2680
. 2736
414.4
287. 2
144.1
67. 6
370. 7
480.1
127.8
54.7
143. 1
65.2
372. 5
250 0
131.3
68.2
28.9
32.7
13.6
19.1
17.3
25. 3
30. 2
12.2
17 9
14.4
29.5
i 45. 4
1
17.3
1
28 2
i 16. 9
47.9
78.9
45. 5
33 5
22.8
247.5
267.9
579
1,319
623
362
183
74
515
195
581
1 856
440
977
772
453
223
91
559
243
555
1 964
506
994
768
465
208
88
543
244
425
2 075
585
1 026
806
487
229
84
483
224
363
2 039
581
1, 004
270
285
2 237
268
333
2,219
270
301
2 203
2W>
332
V 114
260
324
2 058
220
314
2 028
16R. 6
36.0
175. 9
33.0
171.4
31.0
177. 6
29. 0
r
173. 0
33. 0
162. 9
31.0
167. 0
16.8
3.4
7.6
3.4
11. 1
2. 9
1 5. 2
3.3
12.9
14 4
2. 6
10 5
2.7
IS] 1
3.9
117.1
. 2810
115.0
.2810
139. 1
. 2810
148.6
. 2810
170. 0
. 2810
203. 6
.2810
211.7
225. 9
248. 4
42 G 4
256. 0
135. 8
71. 7
433. 1
21)7. 1
144 1
72.2
366. 4
°47. 4
133. 6
61.8
398
272.
147
60
4
3
3
3
411.2
278. 3
150. 4
60.1
355 5
253 1
143 0
45. 7
75.2
85.9
64.3
21 f>
25.8
96, 3
132.4
105. 2
27 '~>
19. 9
97.5
144. 9
109. 0
35 o
22.2
98.8
140. 9
107 9
33 0
2l' 8
p~ } 9
142.7
108. 1
34 5
24.8
86. 3
- 324. 7
88
3
3(!i 4
23 4
1, 157
842
140
166
765
306
528
3,049
803
479
210
106
576
215
654
2
. 2000
r 403 1
r
r
262 0
140 3
* 58 8
90.9
135. 6
97 3
38 3
23 0
. 2600
. 2600
2
. 2600"
358 6
253 J
133 9
62. 1 .
r
97 5
139.4
101 0
38 4
r
24 fi
98. 0
128. 2
93 4
34 8
25 6
Soeondrrv recovered as refined
do
Imports (general):
44.9
52 8
63. 7
55 9
80.7
68.8
47 5
44 0
52 6
36 3
34 7
48 3
Refined unrefined scrap©J
do
29 8
19.8
40.2
34.1
18.0
43.7
7.7
10.1
6.8
9.0
7.2
6. 6
Refined
do
Exports:
6.0
10.5
17.0
34. 7
4.8
29.4
57.8
54. 7
60. 5
64. 2
4fi.2
r,4. ,"
78 4
Refined, scrap, brass and bronze ingots..
do
4.4
5.1
2.3
21 2
11.3
38 8
19. 0
31.3
42. 9
58.7
50. 8
37. 2
Refined
do__r
r 71 ?
119. 9
140. 1
103. 3
108.3
111.6
122.9
115.2
121.8
Consumption refined (by mills, etc )
do
120 8 rr 12" 8 p 113 3
117.0
134. 7
121.1
127. 3
129.3
119.4
187.6 P 206 4
122.5
155. 4
198.0
J7t. 1
m
8
157. 1
Stocks refined end of month, total
do
T
87. 1
81.4
99 9
76.3
75. 8
80.3
81.5
v P') 9
103. 5
112 8
117. '->
100.7
110 2
Fabricators'
do
.3258
. 3406
.3372
. 3365
. 32GO
.3261
. 3260
.3298
. 3260
. 3260
. 3260
. 3260
Price, bars, electrolytic (N.Y.)
dol. p o r l b _ .
. 3060
. 2960
Copper-base mill and foundry products, shipments
(quarterly):
514
493
446
I}?"~iss mill products
mil of Ib
482
387
386
364
393
Copper w^re mill products©
do
T
243
235
225
Bra^s ^m] bronze foundry products
do
196
Lead:
Production:
r
21.2
22.1
25.5
20.3
21.4
19.4
22.4
18 1
M i n e recoverable lead
_ thous. of short tons
23.1
16.0
20.5
17 7
18.5
37.8
37.2
36.7
37.7
37.9
41.0
38.5
Secondary, estimated recoverable©!
do
38. 1
37.8
33.5
41.0
41.3
24.9
24.2
33.7
35.
0
26.9
30.
1
33.4
35
7
34.9
28.2
Imports (general), ore©, metalj __
do
26.5
22 8
24 9
97.7
84.9
87.3
86.2
87.5
85.1
91.1
Consumption total
_
do__
83.4
76.8
90.9
86 9
90.8
Stocks, end of month:
Producers', ore, base bullion, and in process©
99.0
101.3
109.9
119.1
140.5
125.5
( \ B MS)
thous. of short tons
143.8
144 5
139.9
135.0
156 0
133 0
150 9
Refiners' (primary), refined and antimonial©
119.4
118.2
119. 4
117.0
115.5
thous of short tons
128.1
134. 1
107.5
116 5
136 5
121 3
136 7
133.3
123.1
130.2
120. 5
126. 6
125.8
120.1
126.7
127.3
128.4
128.2
Consumers'cf
-- - -__do
118 1
f)0. 4
49.9
42.7
50.7
42.8
41.8
42.4
39.8
Sera]) (lead-base, purchased), all consumers do
41.0
44.0
38.1
45.6
.1300
.1300
.1200
. 1252
.1200
.1200
. 1200
.1200
.1200
.1200
. 1200
.1200
.1200
Price, pig, desilverized (N.Y.)__dol. per lb__
. 1200
Tin:
Imports (for consumption):
334
430
2,452
138
526
1,801
929
766
861
Ore©t
-_
_ lonp- tons
1, 160
1, 267
1,555
1,001
3,500
3,166
2,938
3,410
4, 175
3, 620
3,575
Bars pisrs etc
do
3 155
3 860
3 780
3 262
2 149
2 879
1,910
1, 710
2, 215
1,990
2,030
2,115
Estimated recovery from scrap, total©
do __
1,805
1,960
1,830
1,800
1, 500
2,020
270
210
280
240
255
210
As metal
_
_ _
_ _ _ do
230
270
275
240
290
245
4,920
5,645
7,400
6, 985
7, 280
7,875
Consumption picf, total
do
7,410
7,685
7, 705
6 995
5 600
6 520
6 030
2,270
3, 235
4,570
4, 470
4,760
4, 960
5,220
5,190
Primary
_ _ _
do
4, 655
5, 310
4, 635
3, 290
3, 760
2
167
159
194
122
92
173
Exports, incl. reexports (metal) _.
do
19
103
19
28
39
58
27, 285
28, 170
26, 945
24, 050
26, 765
22, 445
23, 355
Stocks pin' (industrial), end of month
do
20, 775
20 370
21, 930
22 910
20 650
22 145
1. 0096
. 9985 1. 0097
.9913
1. 0009
.9924
Price, pig, Straits (N.Y.), prompt
dol. perlb__ 1. 0220
. 9954 1.0131 1. 0349
1. 0285
1. 0223
1. 0282
1. 0328
Zinc:
Mine production, recoverable zinc
r
31.6
37.3
38.0
42.9
39.5
36.0
40.9
thous of short tons
39 1
40.7
28 1
36 9
33 4
30 3
Imports (general):
38.9
Ores and concentrates ©J
do
37.8
30.3
36.0
43.3
39.2
32.7
49.2
45 0
35 7
30 4
35 6
40 6
16.8
Metal (slab, blocks)
do
10.7
9.5
9.0
11.0
15.5
7.5
12 1
81
68
37
7 9
17 3
Consumption (recoverable zinc content):
4 8
8.8
7.8
Ores©
do
7.9
7.7
7.3
6.2
pQ 0
81
8 2
7 2
66
53
20.4
19.1
20.6
20.8
Scrap, all types
_
do
21.1
18.7
21.0
16.1
«• 18.2
Pl3 3
17.7
15 0
19 6
Slab zinc:
Production (primary smelter), from domestic and
59.4
66.7
foreign ores...
thous. of short tons. .
69.5
71.0
61.1
59.5
82.3
72.8
56 1
79.3
74.7
70.0
2.9
2.9
3.0
Secondary (redistilled) production, total __ do
3.8
3.7
3.9
38
4 4
39
39
4 5
3 7
66.9
71.1
89.3
Consumption, fabricators', total
do
87.4
88.1
71.2
73.9
86.5
67 0
68.5
70.5
55.2
1.2
2.8
5.6
Exports!
_
do
5.9
2.3
4.2
4.7
1.8
7.1
76
4 8
2 4
91
Stocks, end of month:
191.3
144. 5
176.2
Producers', smelter (AZI)
do
154. 4
137.1
136.6
187.7
182.1
207.1
200.6
147.9
165.0
192.5
190.3
94.8
95.0
100.3
98.4
Consumers'
_
do
100 2
74 2
68 3
97 3
67 5
72 3
96 9
85 8
.1213
.1288
Price, prime Western (St. Louis)
dol. perlb_.
.1250
.1250
.1300
.1300
.1300
.1300
.1300
.1300
.1300
.1300
.1300
.1300
2
' Revised.
* Preliminary.
1 Part of August 1959 production is included in December 1959 data.
See note marked "0".
© Basic metal content.
ARevised effective with the February 1960 SURVEY to include monthly estimate of secondary aluminum recovered by nonreporting producers.
0 Effective August 1960, price refers to aluminum formerly called "processed pig" and now sold as "unalloyed ingot"; January-July 1960 price comparable with August 1960, $.2600.
§Data for 1958 have been_adjusted to industry totals based on the expanded survey of producers introduced in January 1959; revisions for 1958 are shown in the January 1960 SURVEY.
_^.,_.u; with
H.-L. .L-Ur - , , . _ . „to_ include
, . . . - , monthly
,!_, estimate of lead, recovered, »from nonreporting
.. secondary
tdary smelters and lead recovered from copper-base scrap; revisions
tAT->__.•__
Re visedj effective
the -™_i
February .,,-v™
1960 SURVEY
for 1958 are shown in the February 1960 SURVEY.
<? Consumers' and secondary smelters' stocks of lead in refinery shapes3 and
and in copper-base scrap.
t
Scattered
revisions
for
1957-58
are
available
upon
request.
575864°—60
SURVEY OF CURRENT BUSINESS
S-34
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
NovemDecemOctober
BUSINESS STATISTICS
ber
ber
December l!'tt>0
1960
January
February
March
April
May
June
July
August SeptemOctober November
ber
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXCEPT ELECTRIC
Radiators and convectors, cast iron:
Shipments
mil of sq. ft. of radiation..
Stocks end of month.
do
Oil burners:A
Shipments
thousands
Stocks end of month
do
Stoves and ranges, domestic cooking, incl. bnilt-ins:Acf
Shipments total
thousands
Coal and wood
do_ __
Qas (incl bungalow and combination)^
do
Kerosene gasoline and fuel oil
do
208.8
5.6
194.5
8.7
Stoves domestic heating shipments totalAt
Coal and wood
Gasf
Kerosene °"asoline and fuel oil
329.1
50.2
221.3
57.6
174.7
125. 5
41.2
5.6
262. 7
do
do
do
do
Warm -air furnaces (forced-air and gravity air-flow),
shipments' » totalAt -thousands
Gas
^Q
Oil
do__.
Solid fuel
-do
2.3
3.3
1.9
2.9
1.3
3.1
1.2
3.5
1.4
3.7
1.5
4.2
1.2
4.6
1.2
4.9
1.5
5.0
1.3
4.3
1.8
3.8
77.6
39.9
47.6
37.2
32.6
40.1
36.8
43.1
39.?,
48.0
35.4
55.2
34.6
61.6
36.6
69.1
46.9
65.8
34.9
66.4
46.6
'58. 2
64.6
49.4
3.0
156.9
3.3
133.5
3.1
1 58. 6
2.9
171.9
164.9
3.0
156. 4
5.5
152.6
3.6
144. 6
4.4
174.4
3.4
166.8
4.2
3.3
105.9
3.6
162.8
4.4
226.8
31.1
162.9
32.8
89.7
13.1
63.5
13.1
72 0
5.4
41.5
25.1
78 2
7.7
45.1
25.4
113.0
13.7
70.8
28.6
110.5
16.3
61.3
32.8
116.5
21.0
69.8
25.8
186.7
24.4
116.0
46.3
208. 6
25.0
142.9
40.7
r
253. 6
'36.7
167.4
49.5
246.7
44.6
150.5
51.6
121.6
90 7
26.0
3.2
190. 3
87.9
68.3
16.4
2.1
183.3
78.3
61.7
15.2
1.3
202.1
79 9
63. 2
1 5. 3
1.4
201 6
82.8
66. 7
14.7
1.4
230. 8
86.8
70 2
15.6
1.0
203 2
88.5
70.5
16.7
1.3
192. 7
107.4
86.6
18.9
1.9
237.9
99.2
78.1
18.7
2.4
240. 7
r
r
132. 0
101. 9
26.5
3.6
262 1
147.5
109.4
33.7
4.4
181.8
0)
168.6
13.2
1
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
TT
f- h
t
T
1
<^
42.8
'20.3
36.5
20.1
35 8
24.1
do
Foundry equiprrent (new), new orders, net
p'onthlv average shipments, 1947-49=100
Furnaces, industrial, new orders, net:
Flectric professing
-mil. ofdol
Fuel-fired (except for hot rolling steel)
do_ _.
35 0
21.7
140. 8
131.2
95.9
95.5
128.6
159. 9
97.9
159. 0
164.8
80.0
92.4
158.1
81.7
3.0
5.9
1.4
4.1
1.6
5.2
1.4
2.2
2.0
2.2
1.1
5.6
1.8
6.9
1.3
3.1
1.1
1.0
1.5
1.2
1.1
4.4
1.2
1.7
1.2
3.5
394
506
Industrial trucks (electric), shipments:
Hand (motorized)
number.
Rider-tvpe
^°Tndustrial trucks and tractors (gasoline-powered),
shipments
number..
621
400
561
443
548
408
533
426
532
432
564
481
512
484
468
496
507
523
499
502
347
370
465
508
2, 520
2,462
2, 624
1,773
2,091
2,722
2,118
1, 968
2,087
1, 523
1,624
1.867
1,569
Machine tools (metal-cutting and metal-forming):
New orders (net) total
mil.ofdoL
Domestic
---do
Shipment^ total
do
Domestic
do
Fstimit°d bicklo0" (metal-cuttin0' only)
months
66 65
51.15
51. 50
46. ] 5
5.1
54. 25
44. 10
46. 60
41.10
5.2
58. 30
48.15
63. 85
55. 35
4 8
56. 45
45. 05
46. 40
40. 65
5.0
C'.O. 60
46. 50
51.95
44. 65
4 5
61. 95
47. 60
64. 50
54. 95
4.8
51. 85
40. 30
55. 10
45. 05
4.5
49. 95
32.40
56. 35
44. 75
4.3
.". 10
35. 75
63. 1 i >
51. (Si!
4.0
4'\ 95
1 8. 35
51. 3!)
41. 40
3. '..'
56. 85
42.50
47.90
37. 70
4.1
52.30
31.85
53.95
40.25
'4.3
p 55. 95
p 42. 95
v 49. 70
p 35. 35
P4 2
Other machinery and equipment;, quarterly shipments:
Construction machinery (selected types), totalt?
n1 il of dol
Tric^o 7 '^ wheel (contractors' ofT-hiuhwriv) do
Tractor shovel loaders, integral units only (wheel
ind tTickliving tvpes)
mil ofdol
Farm machines' and equipment (selected products),
r8
209. 1
Tractors, wheel (excl. garden and contractors' offPumps (steam, power, centrifugal, and rotary), new
orders
mil ofdol
2
212 1
62 0
14.4
270 4
87. 3
1 (I 3
'308 1
80.0
23.9
49. 3
54. 4
'68. 2
58.8
146. 5
227.3
234.4
167.1
119 6
' 74.5
r
r
118 7
5.8
223 4
' 59. 7
15.7
, -
6.6
7.0
7.6
7.3
6.8
6.7
8.3
6.8
2, 799
2, 467
1,865
1,041
1,877
1, 545
1,650
2 079
2,131
2,550
144.0
93.5
147.5
113.0
113.5
117.0
143.2
143.3
1 56. 4
148. 6
127. 0
145. 7
117.6
127.5
126.2
122.3
102.1
96.8
122.4
64.8
200. 1
293. 8
312.8
264. 2
1, 346. 1 U,553.3
560. 8 4 593. 2
258. 3
254. 6
1,355.8
520. 5
294.5
283.6
1,442.4
503.5
339.9
305.6
1,667.
6
4
549. 5
278.4
235. 8
1,230.3
422.6
265. 6
245.8
277.0
243.9
1,277.0 '1,551.5
442.2 * 518. 9
223. 0
217.7
890. 4
268. 9
52 0
.8
2. 1
3 18 0
3
35 8
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
3, 069
thousands
Household electrical appliances:
Ranges (incl. built-ins), domestic and export sales
143.4
thousand "5
112.6
Refrigerators and home freezers, output* 1957 = 100.
Vacuum cleaners (standard type), sales billed
330. 9
thousands
374. 1
Washers, sales billed (domestic and export) O_.do
Radio sets, production 5
_ _ _ _ _
d o _ _. 1,795.7
706. 6
Television sets (incl. combination), prod.§ _ do _
Electronic tubes and semiconductors, factory sales
88.5
mil ofdol
Insulating materials and related products:
Insulating materials, sales billed, index
164
1947-49=100
Steel conduit (rigid), shipments
thous. of ft— 10,248
Motors and generators, quarterly:
New orders index
1947-49— 1GO
Polyphase induction motors, 1-200 hp:
New orders, gross
___
. thous. ofdol
Billings
do
Direct current motors and generators, 1-200 hp:
New orders gross
thous of dol
Billings
do
4
82.3
84.0
80.6
81.5
91.8
77.4
78.0
88.0
141
13,016
154
39, 063
146
42,211
149
32, 463
168
20. 505
140
18, 808
134
23, 976
152
27, 717
169
180
41,1)38
40, 015
43. 151
41,921
7,124
7,069
8, 111
6 975
r
2, 708
2,832
142. 8
89.5
127.9
91.5
301.9
280. 6
290.1
352. 7
296. 5
305.8
1,048.4 '4r 1,945.
1
pl~457>'."T
'1,727.6
462. 3 4 678. 9 ' 500. 0 •c 433. 8
87.6
91.0
101
131
24, 562 * 26, 815
142
28, 410
72.9
176
44, 981 3 13, 674 311,677
44. 988
6. 768
7 6f.5
3 1, 841
2
1, 965
3
14, 607
3 2, 842
85.0
SUEVEY OF CURRENT BUSINESS
December 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-35
1959
1960
DecemOctober November
ber
January
February
March
April
May
June
July
August
Septem- October November
ber
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. of short tons.Stocks in producers' storage yards, end of mo_-do
Exports
- - do
Prices:
Retail stove, composite
dol. per short ton..
Wholesale, chestnut, f.o.b. car at mine
do
Bituminous:
Production
thous. of short tons, .
Industrial consumption and retail deliveries, total 9
thous. of short tons-Electric power utilities
_ _.
do
Railroads (class I)
do lVTaniifacturin cr and mining industries total do
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do —
Stocks, industrial and retail dealers', end of month,
total
thous. of short tons.
Electric power utilities
do
Railroads (class I)
do Manufacturing and mining industries, total. _ do
1,805
470
180
1, 863
445
213
1, 965
429
153
1, 634
378
101
1,579
366
105
1,680
294
90
1,231
283
110
1,262
333
60
1,437
317
154
1,140
290
85
1,637
336
137
1,518
339
149
27.40
14. 651
27.74
14.651
27.82
14. 651
28.18
14. 651
28.18
14. 651
28.18
14. 651
28.18
13. 433
27.16
13.188
27.16
13.188
27.28
13. 608
27.33
13.608
27.34
14. 098
f
1, 612
319
154
27. 55
p 14. 098
34, 921
35, 997
40, 554
36, 110
34, 670
38, 860
34, 740
35, 990
33, 325
25, 250
36, 470
' 34, 440 34, 805
26, 244
13,389
186
9, 680
2,602
32, 133
14,084
236
14, 426
6, 212
36. 974
15, 223
266
17, 719
8, 707
38, 155
15, 865
263
17, 962
8,891
36, 518
15,016
248
17, 266
8, 598
39, 156
16,099
251
18, 532
9,107
30, 853
13, 105
185
15, 747
8.181
29, 707
13, 155
145
14,941
7, 603
27, 983
13,211
111
13, 424
6, 529
26, 587
13, 373
99
11.878
5,720
28, 824
14. 698
107
12, 282
5,672
' 27. 453 30, 156
14, 304
13, 658
192
112
r
11,590
12, 931
»• 5, 169
5, 578
2, 881
3, 267
3,731
4,063
3, 986
4,269
1.729
1, 323
1, 098
1,119
1, 616
1.978
2, 609
72, 663
49, 758
246
21,585
9,374
74, 053
50, £61
233
22, 738
10, 128
76, 202
50, 107
225
24, 840
11,495
73, 426
48, 038
225
24, 331
12, 099
70. 640
46, 084
209
23, 722
11,242
66, 955
43, 345
195
22. 964
11,148
68, 153
44. 356
176
23, 136
11,324
71,364
46, 575
168
24, 053
11, 916
73, 928
48, 275
178
24, 770
12, 391
70, 235
47, 517
158
21,823
10.843
72, 662
49, 334
162
22, 380
10, 742
74, 458
50, 813
163
22, 679
10, 918
76, 204
52, 215
164
23, 004
11,081
1,074
1,121
1 , 030
832
625
451
485
568
705
737
786
803
821
3,111
2,481
2, 858
2,050
2. 126
2. 147
3,364
3, 456
3,743
3. 308
3. 888
3,448
3, 763
17.10
17.12
17.14
17.19
17. 20
17.21
17.21
16.71
16.69
16.78
16. 87
17.08
17.21
5. 202
7.838
5. 192
7. 944
5.193
7. 953
5. 193
7. 953
5.193
7. 953
o. 182
7. 953
5. 166
7. 331
5. 166
7.300
5. 101
7. 400
5. 1 50
7. 463
5.156
7.619
' 5. 149
" 7. 769
p 5. 149
v 7. 769
38
1.80]
683
66
4,284
672
92
6,071
762
110
6,187
768
127
5, 912
706
134
6. 243
799
102
5, 654
809
:>, 271
79
829
60
4, 543
1.042
50
3, 975
1,132
74
3,923
1,250
r
58
3,592
1,166
52
3,879
* 4, 985
»• 3, 257
1,729
1,096
50
"•5,158
»• 3, 398
1,760
1,114
35
••4,672
' 2, 987
1. 086
1, 141
42
4, 038
2,528
1,510
1,163
38
3,879
2, 544
1,335
1, 166
34
3, 673
2, 504
1.169
1,191
35
3, 752
2, 010
1,142
1, 196
20
3,783
2, 674
1, 109
1,178
24
3, 892
2,811
1,081
1.107
37
4,076
2. 964
1,112
1,199
37
4.271
3,122
1, 150
1.202
32
4, 452
3,280
1,172
1.208
31
4. 628
3. 437
1. 191
30. 35
30. 35
30. 35
30.35
30. 35
30.35
30. 35
30. 35
30. 35
30. 35
30. 35
30. 35
30. 35
Crude petroleum :
2,076
Oil wells completed t
_ . _ _ number2.97
Price at wells (Oklahoma-Kansas)
dol. per bbl__
Runs tostillst
thous. of bbl__ 237, 066
81
Refinery operating ratio
percent of capacity. .
2,377
2.97
239, 517
84
2, 430
2.97
252, 442
86
2,132
2.97
256, 659
86
1, 464
2.97
233, 880
84
1, 795
2.97
245, 423
82
1,502
2.97
238, 809
82
1, 733
2 97
246, 847
82
2, 075
2 97
243, 773
84
1.813
2 97
257, 522
86
2.108
2 97
255, 748
85
1,734
2 97
242 999
84
p 2 97
All oils, supply, demand, and stocks:^1
New supply, total t
-- - thous. of bbl_
Production:
Crude petroleum!
do
Natural-gas liquids, benzol (blended) , etc. J do
Imports:
Crude petroleum
_ _ _ _ _~do P°fine(l prod'ictsj
do
Change in stocks, all oils (decrease, — )
do
289, 343
291, 946
313, 088
312, 721
296, 669
310, 214
297, 789
291,377
291,045
291, 271
296, 027
290, 536
214, 248
27, 450
209, 449
27, 618
222, %9
29,15(1
224, 140
29, 258
209, 986
27, 576
220, 977
29, 979
211, 132
28, 166
212.296
27, 799
20S, 161
26, 671
212, 645
27, 884
215,145
28, 621
209,119
28, 092
29, 421 31,879
28, 610
29, 292
29, 730
29, 084
25, 458
30, 713
29, 377
29, 966
-9, 386 -28, 486 -18,105 -10,591 -34, 532
33, 877
24, 614
14,611
30, 571
20, 711
16. 307
32, 730
23. 483
2, 854
31, 191
19, 551
14,219
32. 708
1 9, 493
8, 543
32. 691
20, 634
14, 347
Retail dealers
-
-
do_ .
Exports
do
Prices:
Retail composite
dol. per short tonWholesale:
Screenings, indust. use, f.o.b. car at mine. -do.. Domestic, large sizes, f.o.b. car at mine
do.- ..
COKE
Production:
Beehive
thous. of short tons
Oven (byproduct)
- do.
Petroleum coke §
do
Stocks, end of month:
Oven-coke plants total J
do
\t furnace plants t
-do
A t merchant plants
- do __
Petroleum coke
do
Export^
- -_..do
Price, oven foundry coke (merchant plants), f.o.b.
Birmingham, Ala
dol. per short ton.-
P 1, 650
32, 720
16
30.35
PETROLEUM AND PRODUCTS
Demand, totalt
Exports:
Crude petroleum
Refined products']!
Domestic demand, total 9 1 _
GasolineJ
Kerosene t/Ai
Distillate fuel oilt
Residual fuel oilj
Jet fueltA
Lubricants*
AsphaltJ
Liquefied gascsj
Stocks, end of month, total
Crude petroleum
Natural-gas liquids
Refined products
.-do -
._
270, 08-1
258
do
7,287
do
268. 539
- do_
120, 858
- - do
8, 059
do
46, 075
do
d o _ _ _ _ 38, 370
_
_ _
30, 355
17,284
13, 259
341,574
330, 826
307, 260
344, 746
283, 178
275, 070
288, 191
277, 052
287, 484
276, 189
132
258
7, 238
5,453
295. 747 334, 078
1 in; 056 123, 578
15,545
11,723
65, 895
80, 970
50, 155
58, 623
264
5, 734
324, 828
111,311
14,753
86, 200
61, 581
299
5, 505
301, 456
108. 871
13,915
73, 050
55, 804
260
6, 302
338, 184
120, 497
15. 958
87, 137
60, 701
270
6, 477
276, 431
129,094
7, 668
45, 385
45, 840
127
6,421
268, 522
129, 952
6. 176
40, 450
40, 246
436
7,155
2SO, 600
138,909
0, 605
39. 755
39, 332
248
5. 742
271.002
135. 838
8, 067
34, 919
36, 834
89
5. 938
281. 457
138,371
8, 433
37, 137
36. 240
234
5. 393
270, 562
128. -530
8 804
39, 683
37, 343
301,332
do
do
do
_ do
9 364
3, 797
10,267
18, 541
8, 767
3, 255
6, 225
21, 106
10,004
3, 333
4.419
23, 703
8, 973
3, 284
3, 066
23, 072
8, 584
3, 352
3.218
21, 532
8.903
3, 040
3. 769
23, 304
7,887
3, 604
6, 673
15,899
8,752
3, 898
9,478
14, 601
9, 255
3,699
13,411
14,687
8.732
3, 791
13, 848
14, 899
8,254
3. 692
15,581
17, 946
8,723
3,483
13. 727
15, 275
__do
do
do
do
845,914
257, 487
31, 942
556, 485
836, 528
255, 953
29, 135
551, 440
808, 042
257,129
24, 887
526, 026
790, 885
252, 2(16
22, 4(16
516, 253
780, 274
257, 028
20, 793
502. 453
745, 742
260, 923
18,916
465, 903
760, 353
266, 178
22,215
471,960
776, 660
261, 312
26, 400
488, 948
779, 514
257, 301
29, 380
492, 833
793, 733
242, 745
32, 467
518, 521
802 276
234, 091
33, 224
534, 961
816, 623
231, 966
35, 639
549, 018
122, 843
1,537
129,835
1,793
130, 339
916
120,307
914
126, 866
1,284
123, 449
1,607
125, 226
1,436
126,905
1,307
133, 485
1,115
132, 884
1,160
127, 564
1, 107
169, 701
11,315
175,319
11,796
193, 575
12, 407
205, 379
11, 760
209, 854
12, 837
202, 610
13,490
198, 081
12, 428
185, 655
12, 797
182, 193
13. 828
177. 795
12, 527
177, 667
11,978
.105
.103
.100
.105
.113
115
.105
. 115
.120
.125
.125
Refined petroleum products:
Gasoline (incl. aviation) :
Production!
__
do ._ 121, 865
1,688
Exports!
do
Stocks, end of month:
162, 780
Finished gasoline
do
Unfinished gasoline
__ _
do
11, 497
Prices (excl. aviation):
.110
Wholesale, refinery (Okla., group 3)__dol. pergal._
Retail (regular grade, excl. taxes), service stations,
.207
55 cities (1st of following mo.)
dol. per eraL.
p. 125
.207
.218
.211
.202
.202
.207
. 216
.218
.213
.212
.203
.208
T
Revised.
» Preliminary.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
t Revisions for 1958 will be shown later as follows: Oil wells completed (August and September); domestic demand—jet fuel (February-September); lubricants (January-August); for
all other indicated items (January-September). Revisions for February-May 1959, respectively, for coke stocks follow (units above): Total—3,736; 3,647; 3,512; 3,273; furnace plants—2,302;
2,218; 2,131; 1,954.
d" Data for Alaska and Hawaii are included as part of domestic supply and demand beginning with January 1959 and January 1960, respectively; appropriate amounts for these States
are reflected in data for all series affected. Data beginning 1960 for jet fuel and kerosene are not comparable
with earlier data because jet fuel for use in commercial aircraft is now classified
with kerosene; formerly, this product was reported primarily as "jet."
A See last sentence of note "c?1."
December 1960
SUEVEY OF CURRENT BUSINESS
S-36
1959
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
DecemNovemOctober
BUSINESS STATISTICS
ber
ber
1960
January
February
March
April
May
June
July
SeptemNovemOctober
ber
ber
August
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued o71
Aviation gasoline:
10, 022
Production
thous. of bbl
955
Exports^
do
11, 715
Stocks end of month
do
Kerosene :§
8, 886
Production
do
32, 396
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
.098
dol. per gal__
Distillate fuel oil:
53,
816
Production
thous. of bbL
675
Importst
do
883
Exports!
- do
181, 840
Stocks end of month
_ _- _ _ d o
Price, wholesale (N.Y. Harbor, No. 2 fuel)
.093
dol per gal
Residual fuel oil:
26, 949
Production
thous.
of
bbl
13, 487
Import"5*
do
2, 403
Exports!
__do_ __
59, 506
1.40
Price, wholesale (Okla., No. 6fuel)__.dol. per bbL.
JetfnoH
8, 788
Production
thous. of bbl._
8, 044
Stocks end of month
do
Lubricants:
4,934
Production
do
1,278
Exports t
do
8,
237
Stocks end of month
do
Price, wholesale, bright stock (midcontinent, f.o.b.
.240
Tulsa)
dol. per eal__
Asphalt:
9, 424
Production
thous. of bbl
9, 579
Stocks, end of month
do
Liquefied petroleum gases:
5, 538
Production
do
13, 229
Transfers from gasoline plants!
do
Stocks (at plants, terminals, underground, and at
28, 286
refineries) end of month
thous of bbi
Asphalt and tar products, shipments:
Asphalt roofing
total
thoti^ of SQuares
Tioll roofiri0" and cap sheet
do
Shingle^ all typ°s
do
\snhalt siding
Insulated sidine
Asphalt board products
Saturated felts
- do
__do
thous. of sq. f t _ _
- short tons..
7,216
2, 74.3
4, 474
9,509
954
12,203
10, 401
13, 401
582
14,025
13, 547
26, 510
555
9,780
863
14,319
9, 145
1, 229
14, 274
9,521
1,084
13, 848
9,018
953
9.374
888
10, 017
9 666
13, 943
12, 826
12, 608
12 105
10,408
11,353
9, 853
24, 217
11,164
11,397
18. 440
9, 745
20, 547
9,759
23, 020
27, 354
30, 499
33, 379
10 776
35. 408
9, 761
977
915
9,992
11,943
30, 701
26, 817
.098
.103
.113
.113
. 105
.105
.105
.102
.102
.102
.102
60, 110
51, 877
1,095
55, 690
1,229
52, 300
1, 520
58T081
773
751
125, 924
105, 015
73, 948
53, 338
1, 148
1,163
109, 174
54, 928
1, 005
1,195
151, 030
53, 841
1, 342
1,176
95, 461
56, 773
1, 7%$
59, 874
1,610
152, 158
168, 235
55. 044
822
849
171,114
789
981
998
779
81,755
796
916
131.044
.093
.098
.103
.103
.095
.095
.095
.092
. 092
.092
.092
31.206
28, 938
24, 649
1, 685
45, 775
1. 60
31, 065
25, 790
1, 767
40. 503
1.50
26, 410
19, 567
1,688
39, 285
1.50
26. 072
15, 590
1,484
39, 628
1.50
25, 297
22, 938
1, 409
53, 261
1.60
32, 452
26, 366
1,728
49. 306
1. 60
26, 265
13, 955
26, 125
14, 966
1,888
47 177
1.80
25, 779
15, 523
1,357
50 136
1. 80
8,186
8, 435
8,909
7, 250
7,272
8. 741
6,846
7.314
7, 041
6, 386
7, 437
6, 556
7,343
6, 961
6. 431
4,718
4, 968
1,477
8, 950
4, 895
1,196
9, 365
4. 614
1,040
9, 588
5, 027
1,333
9, 637
5, 052
1,422
9, 665
908
8,792
17,098
1,967
875
41,074
1.80
43, 848
1.80
7,338
7, 894
7, 528
6, 810
6,753
6,892
4, 953
1,318
9, 404
4,921
1. 559
9, 068
5,232
1, 47«
9. 032
4, 689
1, 038
.240
. 250
.250
.250
.250
.25*0
.260
. 260
.260
.260
.260
4,822
4, 363
4,769
11,042
14,120
17, 037
15, 760
11, 776
14, 259
12, 114
11, 284
11,147
15, 266
7,719
16, 830
9,449
10, 948
4, 546
12, 838
5, 573
15, 470
6,019
17, 681
16,573
6, 277
15, 271
6, 990
16, 377
6,591
9, 631
6, 307
8, 571
6,604
8,409
6,747
8, 701
6,716
11, 601
6, 229
9. 345
25. 190
20, 785
17, 721
15,861
13. 793
17, 382
21, 594
24, 836
28, 633
29, 683
32. 03f>"
3, 752
1, 429
2, 866
1,009
1,857
2,632
995
3, 322
1 , 224
3,746
4,017
1,403
2, 614
5, 268
1,743
3, 525
6. 002
2, 079
6, 738
2,567
6, 770
2 600
2,098
2,329
5, 981
2, 006
1,637
3,974
3,923
4,171
4,080
51
59
813
61,577
52
46
776
63
56
56
72
764
48
89
62
106
1, 046
1, 386
71,809
72
132
2,080
55, 940
74, 876
1. 548
68, 471
2,323
76
93
946
110,056
66. 612
1,417
P 095
B
1 . 80
4. 944
1, 258
9. 149
8,942
6, 626
10, 224
6, 260
P. 105
484
29. 147
21, 050
1,339
58, 587
1.50
2, 049
122
145
10,467
1, 036
11, 923
P. 260
9,110
5, 951 '
2, 299
3, 652
!
78
112
84
142
96
125
1, 590
99, 991
101
117
1,947
94, 942
1, 828
87, 553
3, 624
3,311
5, 795
3, 738
3,588
5, 973
759. 4
537.7
770.1
544.0
81,091
89, 640
1,739
92, 696
i
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulp-wood:
Receipts
Consumption
Stocks end of month
Waste paper:
Consumption
Stocks end of month
thous of cords (128 cu. ft)
- do
do
3,448
3,531
4,961
3,209
3,268
4,905
3,388
3,034
5, 173
3,577
3,395
5,348
3,404
3,267
5,482
3, 432
3,498
5,406
3,199
3,335
5, 285
3,183
3,469
4,954
3,442
3, 445
5,083
3,282
3,124
5,185
3,791
3, 545
5,449
thous of short tons
do
815.5
549.6
745.8
552. 3
705.5
617.0
738.9
574.4
755. 6
555.5
778.5
552.5
753.1
556.8
770.4
540.0
781.8
538.8
651.2
543.8
783.1
541.7
2, 187. 7
96.7
1, 259. 3
221.3
1, 989. 8
92.6
1,132.5
201.5
1,891.8
84.2
1,044. 5
203.1
2, 109. 7
91.9
1, 199. 5
234.2
2, 034. 4
85.6
1,172.0
210. 6
2, 175. 9
95.3
1, 255. 9
218.2
2, 098. 8
88.5
1, 195. 9
231. 8
2, 165. 5
108.0
1, 267. 9
213.4
2,157.0
96.3
1,266.2
211.5
1, 915. 1
76.0
1,119.9
191.4
2, 196. 1
102.7
1, 276. 7
208.1
277.0
116.6
216.7
260.1
96.9
206.1
263.0
92.3
204.7
277. 3
97.7
209.1
260.0
97.1
209.1
278.6
105. 5
222.3
268.3
102.8
211.5
262. 2
103. 8
210.3
276.3
101.0
205.7
245.4
92.7
189.8
274.9
108.6
225.1
857.3
256.3
522.7
78.3
874.8
270.0
526. 3
78.4
850.7
235. 3
536. 7
78.7
881.9
267.6
523.3
71.0
863.5
284.4
505.0
74.1
851.0
270.8
504.0
76.2
879.9
283. 0
520.2
76.7
912. 5
305.2
526.3
81.1
922.5
301.8
535. 6
85.0
898.9
300.4
522.3
76.2
927:3
312.1
543.3
71.9
WOOD PULP
Production :
Total all grades
thous of short
Dissolving and special alpha
Sulfate
Sulfite
tons
do
do
do
Groundwood
do
Defibrated or exploded
do
Soda semichem screenings damaged, etc do
Stocks, end of month:
Total all mills
do __
Pulp mills
do
Paper and board mills
do
Nonpaper mills
do
r
2, 053. 7 2, 228. 2
97.5
81.5
1, 182. 8 1, 298. 2
206.5
226.7
261.1
110.0
211.7
283.9
113.5
208.4
' 918. 3
301. 3
545. 9
71.2
947.4
332.5
545. 9
69.1
r
r
Exports all grades total J
Dissolving and special alpha
All other
do
do
do
46.6
15 0
31.5
45.3
16.8
28.5
80.7
33.4
47.3
68.5
29. 3
39.3
69.7
20.6
49.1
112.5
44.9
67.6
85.7
38.7
47.0
102.0
38.8
63.2
111.2
35. 0
76.1
102.7
33.9
68.8
99.5
32.0
67.4
107.1
36.3
70.8
90.2
30.7
59. 5
Imports all grades totalj
Dissolving and special alpha
All other
do
do
do
198.1
16.4
181.7
232.8
16.6
216.2
203.8
18.3
185. 5
173.2
11.2
162.0
302.4
14.5
287.9
207. 0
20.9
186.1
184.9
14.3
170.6
193.2
18.2
175.0
211.0
15.9
195.1
177.8
12.0
165.8
230.1
15.4
214.7
198.5
13.9
184.7
198.1
14.4
183. 7
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
2,936
2,567
2.896
2,901
3,027
2.946
2,959 ' 2, 820 2,986
2,630
2,804
2,835
3,088
Paper and board, total.
thous. of short tons..
1,291
1,370
1,288 f 1,216
1,127
1,209
1,320
1,330
1,327
1,277
1,337
1,358
1,227
Paper
do
1,174
1,354
1, r305
1,
332
1,177
1,375
1,295
1,317
1,368
1,293
1,347
1,315
1,405
Paperboard
do
12
11
14
10
10
14
14
12
13
12
13
13
' 13
Wet-machine board
do
256
269
291
271
277
233
262
253
250
253
312
287
290
Construction paper and board—
do
T
Revised.
p Preliminary.
cf See similar note, p. S-35.
{Revisions for 1958 will be shown later as follows: Aviation gasoline exports, distillate fuel oil imports, residual fuel oil imports, transfers from gasoline plants (January-September); distillate fuel oil exports (January-May and September); residual fuel oil exports (May and June); lubricants exports (January-August); wood pulp—exports (June and August), imports (February and November).
§ See last sentence of note "d"" for p. S-35.
SUKVEY OF CURRENT BUSINESS
December I960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-37
1959
1960
DecemOctober November
ber
January
February
March
April
May
August SeptemOctober November
ber
June
July
'r• 859 8
'r• 898 0
708 7
600 1
r
975.
7
"1.
117.7
r
sno
2
'r 938. 5
T
624. 3
630. 6
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, except building paper, newsprint, and paperboard (American Paper and Pulp Association):
Orders rev/ 9
thous of short tons
Orders unlilled end of month 9
do
Production
do
Shipments 9
do
Stocks end of month 9
do
Fine paper:
Orders new
do
Orders unfilled ^nd of month
do
Production
do
Shipments
do
Stocks end of month
do
Printing paper:
Orders new
do
Orders unfilled end of month
do
Production
do
Shioments
do
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English
finish white f o b mill
do! per 100 Ib
Coarse paper:
Order^ new
thous of short tens
Orders unfilled end of month
do
Production
do
Shi^rnents
do
Stocks end of month
do
Newsprint:
Canada (inel. Newfoundland):
Production
do
Stocks at mills end of month
United States:
Production
Shipments from mills
Storks at mills, end of month
1, 008. 0
725.2
1,191.8
990. 8
580. 9
862 6
664. 4
1, 068. 2
905 6
581.4
845. 1
621 8
1.044.6
860. 9
591. 6
954.0
713. 1
1, 146.5
941.4
598. 5
954 3
698 5
1 122
4
995 2
612 0
1,050.0
734 6
1,202.1
999. 5
621.8
]. 164.1
967. 2
628. 9
950. 6
703 6
1, 161. 6
977. 5
630. 8
941. 4
700 2
]. 123.9
954. 7
631. 6
142.9
74.4
151. 1
144. 1
131. 4
130.5
71.9
1 40. 5
132.7
143. 9
133. 9
69 7
138. 4
132.1
150. 8
151. 1
70. 5
151.3
HS 6
148. 5
152.1
81.4
148 6
149.3
151 2
1 59. 7
81 . 3
160. 9
152.9
155.8
1 52. 5
80 2
155,0
157.4
100.7
145. 7
83. 8
152 4
145. 3
164 1
148.8
86 2
150. 3
151. 1
165 9
r 122 0
T 79. 4
r
127 1
r
125. 9
' 149 -1
419.7
418. 5
41- 'I 3
411.0
257. 5
367. 1
3S5. 3
3SO. 8
380 8
257. 5
378. 5
300 8
381.2
382. 8
256. 0
402 6
404. 3
389. 9
385. 9
206 2
451. 1
425. 9
423. 6
418.3
271 . 5
407. 9
410. 5
403. 0
401. 8
272.7
390 9
385. 6
403. 0
401 . 6
274. 1
423. 1
410.5
395. 7
397 0
272. 9
r
428. 9
401.0
394. 8
2(52. 3
16.45
10. 45
16. 45
1 C. 02
16 62
16. 62
16 78
16 95
16 95
374. 9
182.2
363. 8
365. 5
113.3
306. 1
162.4
314.3
330. 4
106. 1
274. 1
14G. 7
294. 0
287 7
108. 8
333. 7
102. 0
334.5
330. 0
113.0
330 6
1 66. 0
337 1
329.8
119 4
371. 2
182 4
358. 6
359. 9
122.0
374 1
203. 9
348 3
347. 9
119 8
351 9
187.2
363 5
309 6
115 0
308. 1
157. 9
339. 1
345. 9
119 3
do
593. 2
602. 6
198.2
563. 3
594, 5
166. 9
538. 5
551 . 8
153. 6
527. 4
493. 8
187.3
533. 6
494.8
226.0
575.0
517 9
283.2
547. 1
589 0
241.3
583. 1
569 5
234. 9
500. 3
593 2
208.0
do
do
do
177.3
179 5
19.2
169. 0
169 9
18.3
167. 2
167 3
18.1
179.4
107 0
30.5
1 57. 1
155 6
32. 0
172. 3
166 0
38.4
168.7
173 5
33.6
173.3
171 5
35. 4
492.4
487. 5
459. 1
431. 6
416.4
469.9
476. 9
648. 2
644. 7
658. 8
651. 8
670. 1
646.1
651. 1
460 5
488. 8
51 3. 4
370 9
427 6
456 7
134. 40
134. 40
134. 40
134. 40
134. 40
1,200.3
462.2
1,234. 1
92
Consumption by publishers c?1 _
do
Stocks at and in transit to publishers, end of
rnonthcf
thous. of short tons
Price, rolls, contract, delivered to principal ports
dol. per short ton
Paperboard (National Paper-board Association) :f
Orders, new
thous. of short tons-- 1, 463. 5 1, 293. 5 1.209.1
404 £
483. 2
438. 8
Orders unfilled end of month
do
1, 484. 8 1. 334. 9 1 288 0
Production total
do
80
97
94
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
C
8,635
10, 597
6, 447
shipments^
mil. sq. ft. surface area
Folding paper boxes, shipments, index of physical
130.2
123.1
133.6
volume
1947-49=100
995. 2
74-7 5
r
143 1
82.3
147 1
rT 148.4
155 3
141 0
75.0
152 0
147.0
161 0
r
337 0
389. 0
382 0
3S2 0
273.0
r
r
388 9
'r 388. 6
406. 3
r 4Q4 4
r
273. 3
392 4
418. fi
343 2
r
r
818 0
609 0
835. 0
829.0
557 0
r 34 1 7
•-271.3
16 95
16 95
310 4
143. 8
320 0
325. 9
120 2
300
145
301
300
123
555 9
501 5
202.4
570. 2
551 8
220. 8
570 0
589 9
201 4
591.4
588 2
204. 6
171.2
174 3
32.3
157. 2
155 9
33.0
179 9
171 5
42 0
161 6
167 9
35. 7
184.5
183 3
36. 9
510. 4
401. 9
419. 7
420. 4
454. 4
516. 7
593. 2
005. 3
623. 7
646.0
654. 4
615. 1
439 9
480 6
478 1
41! 1
486 3
429 2
474 8
134. 40
134. 40
134. 40
134. 40
134.40
134. 40
134. 40
p 134. 40
1,324.1
441. 1
1, 339. 2
95
1, 436. 1
467. 1
1, 434. 4
93
1, 330. 1
321 3
1,341. 2
92
1, 368. 2
480 5
1, 355 8
92
1, 351. 5
450 2
1 306 6
93
1, 191. 1
457 8
1,159 6
77
1,402.5
418 4
1 426 0
93
1,306.8
429 1
1,314 2
87
8,455
8.604
9,544
8,946
9,041
9,195
8,239
9 864
9 651
9 448
113.7
121.8
138.4
120.0
125 8
130.2
105 1
129 2
r 133 6
p 132 0
1,354
1,116
2
238
984
805
179
1, 264
989
275
1, 797
12 481
316
1.241
1 006
235
1,385
992
393
1,187
2 97(5
2
911
936
768
168
41, 263
82, 693
32, 018
42, 576
76, 605
31, 639
35. 229
76, 389
28, 555
37, 258
82, 385
39, 597
36, 770
82, 227
31, 853
16 95
T
r
r
r
T
r 9Q9 7
T
101. 7
'• 284 0
282 2
r
119 4
r
*> 10 95
0
0
0
0
0
1, 384. 9 1,267.7
409 4
418 2
1 392 5 1,302 5
93
86
8, 737
PRINTING
Book publication, total
New books
New editions
number of editions..
do
do __
1,357
1,148
209
2
2
1, 586
1,372
2
214
1,185
955
230
2
2
3 560
3471
s 89
2
2
2
2
1, 705
2 i 3<s;5
2
320
1,181
955
226
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
lone tonsStocks, end of month _ _
do _ - Imports, including latex and guayule
do
Price, wholesale, smoked sheets (New York)
dol. per lb__
Synthetic rubber :
Production
Consumption
__
Stocks, end of month
Exports
Reclaimed rubber:
Production
Consumption
Stocks, end of month
_
„__
long tons
_
do
do
do
do
do
do. _
49, 049
74, 172
48, 378
42, 039
78, 503
48, 844
42, 950
79. 405
47, 443
46, 354
76, 156
34, 795
46, 022
75, 320
40, 949
47, 205
81, 599
38T 581
42, 032
83, 451
36, 343
37, 033
76, 116
26, 908
.410
.475
.404
.415
.403
.405
.404
.455
.460
.418
.368
.350
.342
128, 532
98, 736
190, 607
17,984
124, 825
84, 014
202, 057
24, 432
125, 779
89, 188
210, 996
32, 590
130, 742
95, 133
221, 622
29, 283
126,334
93, 203
221, 183
29, 814
131, 933
97, 727
223, 738
34, 488
120, 895
90, 252
221,511
37, 018
126, 804
91, 993
227, 332
31,114
122, 547
95. 849
220i 032
29, 508
116,584
79,413
235, 693
28, 780
121, 635
88, 578
242, 740
30, 544
112, 853
87, 330
242, 959
24, 285
110, 991
88, 784
238, 591
23, 166
28, 330
26, 312
27, 393
22, 585
21, 447
28, 526
23, 783
23, 218
29, 628
26, 442
26, 540
29, 031
26, 965
25, 944
28, 653
29, 100
26, 625
29, 719
26, 209
24, 210
30, 916
25, 676
23. 763
32,611
25, 429
24, 077
31, 699
21, 472
19,249
33. 624
23, 540
21, 452
33, 979
22, 251
22, 101
33, 949
23, 546
23 269
33, 519
10, 779
MO, 863
4
9, 147
4
8, 941
1,578
7,213
151
4
.311
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment .
Replacement equipment
Export
_
._
Stocks, end of month
Exports (Bur. of Census)
Inner tubes:
Production
_
Shipments
Stocks, end of month
Exports (Bur. of Census)..
10, 884
8, 347
9, 645
4
10, 325
4
10, 772
i 11,115
4
10, 517
4
do
do
do
do
10,269
2,966
7,166
136
6,458
1,440
4,898
120
7,942
3,197
4,565
180
1 11, 322
4,333
6,833
156
4
10, 179
3,996
6,047
136
* 9, 737
3,753
5,827
157
4
11. 114
3, 584
7, 348
182
Ml, 188
3,724
7,306
157
4
do
do
23, 151
98
25, 133
97
26, 933
108
4
4
26, 473
125
* 27, 921
125
4
27, 401
159
4
4
do
do
do
do
4,392
3,915
9,088
73
3, 756
3,097
9,918
71
3,612
3,135
10, 536
83
4,043
4,011
9.002
78
4,241
3, 282
10, 113
112
thousands
.
r
__
25, 943
145
3,899
5,391
8,924
85
3, 628
3, 306
10, 495
146
26, 967
143
3,611
3,330
10, 852
135
9, 788
4
11, 507
3,449
7,884
174
4
10, 113
2,735
7.228
150
4
26. 359
146
4
26, 108
119
3,426
3, 547
10, 700
113
3,261
3,440
10, 627
102
4
26, 298
104
3,017
3,308
10, 254
107
4
4
9, 184
9, 530
9, 630
2,950
6, 560
120
4
10,014
3 589
6, 304
121
25, 893
110
4
25, 499
73
3,024
2,894
10, 440
84
3, 007
3,000
10, 589
137
2
Revised.
» Preliminary.
1 September data exclude estimates for tissue and miscellaneous papers.
Data for months noted cover 5 weeks; other months, 4 weeks.
3 Beginning
January 1960, data are based on a new definition of a book and are not entirely comparable with those for earlier periods.
< Motorcycle tires are included beginning January 1960
9 Data exclude estimates for "tissue paper."
c?As reported by publishers accounting for about 75.5 percent of total newsprint consumption in 1958.
J Minor revisions for January
J
1Q^7 A l u v n l - i 1QKO vt-ill Via oVimvn lafof
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
December 1060
I960
1959
DecemOctober November
ber
January
February
March
April
May
June
July
August SeptemOctober November
ber
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production finished cement
Percent of capacity
Shipments finished cement
Stocks, end of month:
Finished
Clinker
-
thous. of bbl
thous. of bbl do
do
31, 127
89
32, 523
26, 100
24,111
69
18, 669
16, 080
77
53
22, 219
20. 577
12, 909
49
14,698
23, 913
11,681
27, 794
13. 169
31,328
37. 284
16, 506
21.939
654. 1
43.9
186.5
542. 9
35.2
146.2
464. 1
33.8
131.3
37.8
31.1
24.0
20.6
139.4
139.4
18,422
53
17,812
27, 015
31, 832
80
31,930
91
31,982
88
33, 270
88
92
31,130
89
27, 638
30, 468
34, 363
32, 964
36, 623
33, 866
87
33,179
38, 553
27, 382
39.165
38, 721
33, 545
40, 101
33, 049
37, 667
36,611
30,488
27, 532
33, 244
23. 444
' 30, 455
•• 20. 257
28, 725
17, 259
351. 3
33.9
107.0
370. 5
33. 6
106. 0
391.4
35.5
116.0
644.2
672.8
685.6
624.7
50.1
177.0
47.5
190.8
45.1
179. 8
665. 1
45.0
199.0
610.2
40.1
187.1
595.9
49.5
175.4
30.3
26.1
26.6
27.2
31.6
36.6
37.9
35.9
39.6
37.4
38.0
20.4
18.7
18.4
20.3
19.2
20.4
22.1
19.4
21.0
19.9
18.9
139. 9
140. 6
140. 6
140.6
140. 6
141.2
141.3
141.3
141.6
141.7
141 7
33, 474
31, 449
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. of standard brickStructural tile except facing
thous of short tons
Power pine and fittings, vitrified
do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent- _
Floor and wall tile and accessories, glazed and unglazed
mil. of sq. ft..
Price index, brick (common), f.o.b. plant or N.Y. dock
1947-49=100
41.3
169. 2
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total) c?
thous of dol
Plate and other ^lat ^lass shipments^
Glass containers:!
Production
thous of gross
Shipments, domestic, total
do
General-use food:
Narrow -neck food
do __
Wide-mouth food (incl. packers' tumblers, jelly
glasses and fruit jars)
thous of gross
Beverage
Beer bottles
Tjinuor and wine
Medicinal and toilet
Chemical household and industrial
Dairy products
do
do _
do
do
do
do
Stocks end of month
do
75. 586
25, 857
49, 729
78, 796
34,911
43, 885
do
63, 493
22 801
40, 692
67, 055
26 91?
40, 143
13, 508
12, 246
11,310
12,755
13,131
13, 708
12, 693
13, 514
14, 806
14, 185
15, 671
12, 899
13 968
11,942
9,316
10, 403
10,989
11,216
12, 887
12, 601
13, 959
14, 164
12, 626
16, 126
14, 014
12, 839
1,037
853
910
1,108
1,190
1,406
1,306
1,343
1,337
1,322
2, 225
2,729
1,444
3,577
2, 756
3,144
3,382
3, 329
3,620
3,268
3, 591
3, 891
3,610
4,638
4, 313
3, 953
626
838
625
609
887
983
808
936
957
2,972
1,070
1, 517
2, 054
1,218
2, 905
1,199
1.172
1,800
2, 550
1,285
1,443
1,292
2,771
1,101
1,641
1, 968
1, 295
2, 681
632
838
965
2.848
1,402
3, 170
1,120
172
766
139
890
181
1,075
14,113
16, 731
17,312
19 123
141
580
838
1.114
1,161
1, 337
3,137
1,137
123
132
20, 423
20, 963
135
132
20, 986
20, 358
848
2 299
1,267
610
960
570
861
1, 305
1. 574
3, 156
1 134
2,779
993
2,594
3,406
2,794
1,122
1,005
1,242
1, 093
131
130
201
210
147
20, 681
22, 061
21, 500
19, 907
20, 890
GYPSUM AND PRODUCTS*
Crude gypsum, quarterly total:
Imports
Production
thous of short tons
do
Calcined, production, quarterly total
do
Gypsum products
sold or used, quarterly
total:
i"TF!Cf^ciri n d uses
thou Q of ^hort t<"*ns
Ind (i^tr^nl usp>
do
Buildlne uses:
Plasters:
Ivi^e coat
do
Lath
Wallboard
A. I1 other*?
' 1 , 620
2, 649
1 , 1 58
2, 145
2, 166
2,057
r
r
' 743
1,030
82
mil. of sq. f t _ _
.no
do
l,147
2, 620
1 683
2, 658
2,374
2, 281
1, 059
971
70
68
1
317
310
279
261
3"
316
345
529.2
456. 2
511. 7
I , 53,3. 7
72 9
531. 3
1. 5iU. 6
66 0
r
58. 7
47 5
Q9<?
TEXTILE PRODUCTS
APPAREL
Hosiery , shipments
Men's apparel, cuttings :t A
Tailored garments:
Suits
Overcoats and topcoats
thous. of dozen pairs. .
14, 207
12,862
11,894
1 1 , 507
1 1 , 800
13,025
11,930
thous. of units. do
1,772
492
1,804
330
i 1 , 955
1
300
1, 828
224
1,836
256
i 2, 085
1
435
1,903
476
Coats (separate), dress and sport _Trousers (separate), dress and sport
Shirts (woven fabrics), dress and sport
._ _ do_do
thous. of doz__
Work clothing:
Dungarees and waistband overalls
do
Shirts
_-_ . _
do _
Women's, misses', juniors' outerwear, cuttings: A
Coats
.
_
thous. of units Dresses
do
Suits
do
1
7,780
i 1,125
1
7, 850
888
8, 024
904
8, 592
895
i 9, 035
2,004
1,980
12,010
1,980
1,964
348
324
276
292
1295
1355
268
328
2, 365
19, 720
589
2, 403
19, 467
662
18,405
1,507
1,892
19, 185
1, 280
22, 033
1,301
904
8, 876
904
786
11,391
13, 663
11,217
13, 536
1H 3 VI
13 2«9
i 1, 885
i 460
1,032
336
1 . 780
548
i 1.715
1.0.84
576
944
8 5?()
i « 10"
872
0 200
2.072
i 2, 095
1. 9SO
8,236
956
8, 600
1
' 2,365
2,160
2, 048
i 2, 270
296
348
i 280
264
364
296
344
2,308
?, 078
26, 974
1,013
942
27, 625
593
841
26, 037
440
896
8? 0.^5
1
1.424
2G5
1
355
196
248
1, 832
20. 371
709
" ' 800
280
2, 693
21, 600
870
•-$'-!'>
!
1
280
310
316
2.087
2.276
17, 824
521
19, 614
610
1, 141
998
1,227
1, 456
1, 515
1.402
1,507
1,318
1,547
1,383
Waists, blouses, and shirts
. thous. of doz
1,223
1.310
1,277
674
925
536
828
704
880
850
866
877
934
844
996
Skirts
do
907
r
l
Revised.
Data cover a 5-week period,
cf Re visions for 1957-2d quarter 1959 will be shown later.
^Revisions for January 1958-February 1959 for glass containers appear in the May 1960 SURVEY; those for gy psum ant products follow (u nits abov<3): 1st qu irter 1959--crude pi eduction,
2,431; uncalcined uses, 798; all other building uses, 51.2;
. 2d quarter 1959— uncalcined uses, 1,078; 3d quarter 1959— iin ports, 1, 892.
§Comprises sheathing, formboard, and laminated board.
IData for December 1959 and March, June, and September 1960 cover 5-week periods and for other months, 4 weeks.
ARevisions for January 1957-July 1958 are available upon request.
SUEVEY OF CURRENT BUSINESS
De«'inber I960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS
S-39
1959
1960
DecemOctober November
ber
January
February
March
April
May
June
July
August
SeptemOctober Xovember
ber
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters) :
Production:
G inn ings § thous. of running bales..
Crop estimate, equivalent 500-lb. bales
thous. of bales
Consumption^
do
Stocks in the United States , end of month,
totalft
_ _ _ _ _ _
do
Domestic cotton, total
do
On farms and in transit
do
Public storage and compresses
do
Consuming; establishments
_ _ ._ do_
Foreign cotton total
do
9,714
r
13, 376
i 14, 089
2
3 14, 515
14, 356
3
140
800
735
731
18,986
18, 907
3 487
14, 195
1, 225
79
1 7, 464
17,396
2 201
13, 656
1,539
68
15, 027
15 563
1 505
12 301
1 , 757
63
14,068
14 008
952
11 140
1,916
60
12, 424
12. 371
687
9 731
1,953
52
11,056
11 010
441
8 634
1, 935
46
392
2
32.5
652
(6)
30.9
728
2
30.1
1 109
2
29.3
839
6
28.1
767
4
28.2
31.7
31.6
31.8
31.9
32.0
32.0
115
234
497
108
219
558
131
197
585
115
190
609
108
173
633
thous
_do_ __
19, 273
17, 648
19, 308
17, 696
19,326
17, 709
19 365
17, 678
19, 358
17, 665
Spindle hours operated, all fibers, total
millions..
\verage per working day
do
Consuming 100 percent cotton
do _
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o.b. mill:
°0/2 carded weaving
_
_
dol. per Ib
36/2 combed knitting
do
9,970
499
9,118
9,880
494
9,051
* 11, 039
442
MO, 157
9, 995
500
9, 144
9,985
499
9,131
.685
.946
.685
.948
.685
948
.692
948
.692
.946
.692
946
44, 789
27, 671
37, 396
33, 791
? 445
44, 728
41.325
47 521
38, 472
38, 699
41, 454
2 479
42, 090
39, 948
32.61
36.4
17.0
17.3
33. 04
36.4
18.0
17.5
33. 20
37.4
18.3
17.5
33.67
37.4
18 9
17 5
34.18
37.4
18 9
17.5
34.12
38.3
18 9
17 5
ExportsJ
do
Imports
_
-_
_ _ do_
Prices (farm), American upland
cents per l b _ _
Prices, wholesale, middling 1", average 14 markets
cents per lb__
Cotton linters:
Consumption^
thous of bales
Production J
_
do
Stocks end of month t
do
r
T
732
725
20, 357
20, 270
6 912
12, 423
935
86
r
4
4
4
858
562
685
9,828
9 785
304
7 678
1, 803
42
8,483
8,446
201
6, 604
1, 581
38
7,559
7 526
215
5 916
1, 395
34
669
3
29.0
524
1
29.4
501
2
29.7
32.1
32.2
32.2
124
160
653
103
113
625
106
73
578
19, 299
17, 602
19, 310
17, 599
19,315
17, 589
12, 143
486
11, 126
9, 844
492
8,989
9,827
491
8,964
4
3,680
823
12,51)4
8, 424
5
14,4 558
888
4
14 3(H)
801
667
21,039
20 939
13 940
5 864
1, 135
100
20, 127
20 031
11 364
7 693
974
96
18, 966
18 877
7 902
9 961
1,014
89
676
1
31.4
114
90
32.3
193
22
32.2
439
1
31.6
30. 1
32.0
30.8
30.5
30.2
30. 2
120
52
500
72
49
463
88
44
405
19, 325
17, 604
19, 228
17, 529
19, 266
17, 561
11, 740
470
10, 737
7,933
397
7,211
9, 418
471
8,605
.668
.943
.661
938
.661
.941
35, 492
45, 824
36, 772
35, 877
2 426
33, 620
50, 720
41,045
38. 348
33.43
38.3
18 1
17.5
32.77
38.3
18 0
17.5
32. 85
38.3
18 0
17.5
32. 60
38.3
18 0
17.5
708
710
4
4
112
129
386
101
227
449
19, 259
17, 652
19 241
17, 618
11, 244
450
10, 328
9,204
460
8, 464
.651
.936
p 646
p 926
24, 085
37, 632
28, 830
38, 823
36, 179
26, 610
32.92
38. 3
17 5
17.4
32. 04
38.3
16 5
17.0
30. 51
p 38.3
•p 15 8
p 16 5
445
157
76
166
0
4
5
4
7d7 7
7 24 3
9,091
3, 042
477
4,161
6, 412
3, 591
314
3,583
6, 994
3, 710
345
4, 1 71
r
r
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :1$
\ctive spindles, last working day, total
Consuming 100 percent cotton
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production quarterly!
mil of linear vd
E^portst
thous of sq yd
Importst
do
Prices, wholesale:
M ill margins
cents per lb__
Denim, white back, 10 oz./sq. yd,._ cents per yd
Print cloth 39-inch 68 x 72
do
Sheeting class B 40-inch, 48 x 44-48
do
4
4
. 675
.946
4
4
4
4
. 651
.936
29.78
M A N M A D E FIBERS AND MANUFACTURES
Fiber production quarterly total 9 t
mil
Filament yarn (r<i\ on and acetate)
Staple inrl tov\ T^iivon)
Xoiscvrulo; in O i i o n acrvlio, protein etc)
oflb
do
do
do
462 8
181.3
79 7
1 58. 6
476
178
79
168
r 480
172
79
r
181
0
8
9
8
8
2
7
0
Exports; Yarn r - mid monofiliments
Stap" , t<n\ , and (ops __ __
ImT^oit^: Yarn > • rid monofilamentst
Stable, to\\ , and topsf
thous. of lb__
do
_.do_ _ _
do
4, 890
2, Of>9
334
7,412
5, 538
2, 869
208
8, 627
6, 661
5, 383
571
9, 700
4, 505
3, 846
244
7,717
4,864
3, 141
337
5,832
5, 184
2, 989
604
9, 068
7, 468
4, 349
599
5, 780
6, 432
3, 341
353
5, 867
7,013
3,716
492
4,362
8, 513
4,391
314
3, 532
Sticks, pt f diK-eir-', end of month:
F i l v f i ( • ' ( A <ini (rcVTH and acetate)
Stinl^, incl. to\\ fiayon)
mil o f l b
do _
48.4
55.9
50.1
56. 1
56. 3
55. 0
56.9
52 1
58. 2
51.4
61.7
53.3
63 7
55. 1
64.4
55.9
58.5
59.7
62.8
65.2
.82
.33
.82
.33
.82
.33
.82
.82
33
.82
33
.82
30
.82
29
.82
28
.82
28
12, 592
608
Price;, i a yon (viscose):
Yarn, filament, 150 denier
Si aj ile 1 «f> denier
dol. per Ib
do
M 1}jv. llti do-fitvr bro-vl-wovon fairies:
' 'vipcf jon DUtirterly total 9 1I thous of linear vd
"R n on IT id acetate (excl. tir^ fabric)
do
\ \ l o n i' rid chiefly nylcn mixtures
do
65? 530
393, 864
81 461
629 397
386 652
86 755
14,263
14,835
13,719
13, 642
} 3, 283
13, 975
12, 604
thous. o f l b
dol. per lb__
thous. of linear y d _ _
663
4, 14
937
4. 32
814
4. 51
9,009
624
4, 56
438
4.43
526
4.27
7,775
560
4.34
415
4.37
Wool consumption, mill (clean basis) :JJ
Apparel class. _
_
thous. of lb__
Carpet class _
_
do
20, 497
12, 301
18,068
11,241
20,486
15 808
20, 552
16,457
20, 390
15 043
Wool irnnorts, clean content \
_
Apparel class (dutiable), clean content 1
23, 2Gf>
9,046
14, 730
6,573
20, 565
10, 466
21. 465
9, 758
22, 392
9,835
_ _ _ t h o u s . of sq. vd_
SILK
Imports, raw t
Price, raw, A A, 20-22 denier __
Production, fabric, qtrly. totalj
68 4
59. 0
68 3
55 1
.82
28
.82
28
P 82
p 98
11, 151
11,301
11, 409
14, 682
4. r>2
594
4.59
938
4.79
661
4.92
544
p 4.86
26, 264
11, 477
18, 639
9 008
20, 395
14, 0%
22. 287
15 147
17, 605
12 118
609 881
368 512
90 395
1 5, 764
Exports, piece goods
65. 3
61.0
6, 819
WOOL
do
do
4
4
4
23,
4
164
16, 205
20, 017
13 647
21, 153
11 702
28, 013
11,151
19, 453
8,557
15 868
6, 057
4
4
19 205
18 954
7,800
7. 597
Data cover a 5-week period.
24 134
9,885
4
4
17 632
17 921
6, 715
7. 239
5
December 1 estimate of
l
2
3
4
* Revised.6
p Preliminary.
Ginnings to December 13.
Ginnings to January 15.
Total ginnings of 1959 crop.
1960 crop.
Less than 500 bales.
1 Data are for month shown.
§ Total ginnings to end of month indicated, except as noted.
•[Data for December 1959 and March, June, and September 1960 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end of period covered.
9 Includes data not shown separately.
^Scattered revisions for 1957-58 are available upon request.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1859 edition of
BUSINESS STATISTICS
December 1960
1960
1959
DecemOctober November
ber
January
February
March
April
May
June
!
August SeptemOctobPrh«
ber
TEXTILE PRODUCTS—Continued
Wool prices, raw, clean basis, Boston:
Good French combing; and staple:
Graded territory,
fine
Graded fleece, 3/8 blood
.__
doi. perlb...
-. do_ _ _
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesaV price
1947-49 — 100
Woolen and worsted woven goods, except woven felts:
Production ouprterlv tofs^t
thous of lin yd
Ap'onrel frhYics total
do
ATen's and bovs'
I
|
|
WOOL AND MANUFACTURES
1 125
1.275
1.112
1 125
1. 275
1.125
1 162
1.275
1.125
1.175
1.230
1.080
1 175
1. 225
1.075
1 175
1.182
1.095
1 212
1.160
1.090
1 225
1.155
1.088 I
1 225
1.125
1.070
1 225
1. 125
1.065
1 175
1.125
1. 065
1 175
104 7
102 2
103 5
1 04. 7
104 7
103 5
102 2
102 2
102. 2
102 9
101 0
98 5
106. 3
9? 4
106. 3
92 4
106. 3
92.4
1.275
1 . 072
70
69
69
29
39
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel men'^ f>nd bov's
1947-49=100
Gabardine women's and children's
do
108.1
92.4
108.1
92.4
933
254
145
21 f)
999
108.1
92.4
74
72
71
32
39
108.1
92.4
108. 1
92 4
1. 125
1.025
1 075
98 5 '
80 733
Oil
624
S°0
336
484
10S. 1
92 4
1. 125
1.036
1 075
79.317
78 46"
32, 309
46 105
108. 1
92 4
108. 1
92.4
108. 1
92 4
106 3
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
urcieK , ne"fl v C y , iu< T. \. *„ t Backlo 0 " of orders tot?l end rof Quarter
do
For U S military custorrc s
do
Civilian aircraft:
Shipments
thous. of dol._ 103, 646
2, 434. 5
^irframe wei°ht
thous oflb
Exports (commercial and civilian)
thous. of dol_- 15, 541
3 110
3 028
9 865
12,120
5,452
12 220
5 783
111.545
2, 605. 1
96, 320
2, 262. 4
2, 647. 6
90, 299
2, 187. 5
15,234
32, 651
21 , 928
11,926
48, 078
321, 980
179
169
267, 829
259 633
53, 972
38, 003
548, 320
286
187
475, 382
462, 831
72, 652
62, 313
792, 351
371
338
789,511
676,712
781, 030
241
241
656, 579
640 924
96, 178
124,210
102,305
25, 975
10, 500
18,005
24, 749
8,190
9,815
74, 453
12.311
12,438
51,200
29, 652
71,838
76, 911
2, 048. 9
112,721
""
9 p.rp
9 836
3 065
11.991
12,' 463
5 714
5. 229
1 27, 1 83 131. 262
2, 662. 6 3, 159. 7
79, 413
54,811
109, 704 119,965
2, 429. 1 2. 495. 8
37, 985
72, 573
97, 534
2, 031. 7
2, 232. 4
81.002
1,910. 1
46, 641
59, 244
30. 589
414 787
79, 444
390. 326
358
347
324, 020
320 681
65. 948
463, 943
211
148
386. 694
378 415
77, 038
66, 006
108,410
MOTOR VEHICLES
number. _ 632, 420
268
do
268
c!o
do _ 537,159
Factory sales, total
Coaches total
Domestic
Passenger cars total
Trucks total
Domestic
do
do. _-
-
Exports total J
Passenger cars (new and used) -
do
do
Imports (cars, trucks, buses), total eft
Passenger cars (new and used)cf
Production, truck trailers: A
do
do
Vans
ChassiQ van bodies for s?le separately
Registrations: O
New passenger cars
New commercial cars!
523 500
94, 993
81,652
21,859
10, 957
10 902
54, 045
52, 479
5, 328
-
15,475
54, 861
53, 641
641
5, 735
3,814
535
do
. do
533, 682
78, 807
426, 929
74, 178
number
do
2,284
2,218
1, 226
1 226
992
do
do
3,260
6,088
703, 002
366
362
588, 046
576, 817
114, 590
92. 557
725, 665
451
432
607, 191
596, 861
118,023
91,268
717, 366
364
359
605. 582
596, 296
111. 420
89. 022
64.053
53.331
29. 468
50, 354
16 230
68, 469
66, 242
18, 721
69, 856
67. 461
17, 842
58, 241
56, 659
31, 107
9, 526
21 581
51, 208
48, 153
29, 216
7,418
21, 798
38, 077
35. 355
26, 081
13,422
31,771
13,050
30, 988
31, 485
4, 386
27 099
22, 187
20, 737
5, 105
9 306
24, 717
22, 916
6, 1 45
6 534
661, 103
115,268
340
303
659, 730
644, 780
129, 441
105, 438
11,626
501,223
424
414
421.355
6,460
19 621
34,265
14,411
703. 159 P> 685,900
447
f i 280
396
627, 678 p'597,600
610 828
75, 034 p'88, 100
60, 589
26, 643
14. 182
12 461
26, 088
24.811
4,023
7,020
3,990
590
497
688
5, 890
3, 389
998
5 427
3,241
628
5 284
3, 096
719
3 946
2, 391
491
4 120
2,511
665
3 616
2,194
365
3 775
2, 169
* 182
429, 500 3 430,116
61 , 985 3 58, 234
494, 178
69, 588
596, 669
89, 627
647, 287
95, 009
647. 055
93, 460
595, 864
85, 535
546. 535
79, 674
525, 400
81, 440
458, 765
76. 072
547 461
74, 158
2, 869
1 , 633
1 613
1 , 236
5,741
?>, 932
3, 932
1,809
48, 369
24, 848
24, 649
23, 521
7,901
5,138
5 138
2, 763
3,211
1,398
1,398
1.813
46. 522
5,950
4,408
5, 569
4,200
22, 185
17,714
3, 968
2 556
2 481
1 412
1,306
647
647
659
26, 798
12, 440
12, 300
14, 358
4,180
2 371
2 315
1,809
r
1, 334
709
708
'625
23, 951
10, 773
10, 688
13, 178
4. 657
3 185
3 160
1 472
23, 607
6, 042
3, 697
3 697
2. 345
311
244
244
67
29, 770
14, 349
14, 134
15, 421
4,320
2,949
995
41, 206
20, 485
20, 282
20, 721
5, 931
3, 550
3 550
2,381
2,221
1,662
1, 650
559
36, 321
18, 607
18, 392
28
228
149
149
9
9
282
282
18
18
282
282
12
12
315
315
21
21
294
294
24
24
270
270
13
13
282
282
7
7
315
315
1, 678
7.2
1,676
7.3
1 , 675
7.5
1,676
7.6
1,674
1,673
8.1
1,674
8.2
1 672
8.6
4, 044
595
3,903
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments total
EquiDment manufacturers, total
Railroad and private-line shops domestic do
New orders, total J_
do_ _
Equipment manufacturers, total
_ __ do
Domestic
do
Railroad and private-line shops, domestic, do _
Unfilled orders, end of month, total
do _
Equipment manufacturers, total
_clo_ __
Domestic
_ - do_ _
Railroad and private-line shops, domestic do
Passenger cars (equipment manufacturers) :
Shipments total
do
Domestic
-.
do _
Unfilled orders end of month, total
do
Domestic
do
Association of American Railroads:
Freight cars (class !):§
Number owned or leased, end of month
thous
Held for repairs, percent of total owned
Locomotives (class I):
Diesel-electric and electric:
Owned or leased, end of mo. No. of power unitsServiceable end of month
do
Installed in service (new), quarterly total do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types).
number.
r
v
1 329
1 329
955
2 722
2,722
2,722
0
36, 219
18, 403
2,424
1,274
1,274
1,150
36, 575
18.383
17.816
18,377
18,357
18,198
15
15
187
2
187
14
14
2 177
2177
1, 694
8.3
1, 688
8.0
2
3,127
1, 681
1 586
1,446
10, 754
5, 764
5, 565
4,990
44, 089
22, 547
22, 328
21, 542
2
22.915
22,716
52
57
2
19,946
r
28,815
T
27, 439
134
314
42
4 408
1,542
1.961
1, 841
1,837
120
42, 334
20, 149
4 200
1,369
5, 541
4. 546
4,546
28. 803
27, 255
'97
r
43
48
68
53
68
2,050
2,050
'6
21, 692
4,958
9,874
9,844
11,818
27
27
288
288
32
32
256
256
33
33
223
223
1,672
8.8
1, 668
8.9
1 666
8.9
r
r
38
5, 885
927
927
22 905
7, 616
7,611
15, 289
' 28, 939
r
27, 460
r
148
T
190
329
67
2 894
1,371
* 2, 056
23
28, 972
27 383
r
89
r
119
23
55
Revised.
Preliminary.
J Preliminary estimate cf production.
In addition to unfilled3 orders reported by equipment manufacturers, railroad company shops reported unfillec
orders for 10 cars (March-November 1959); shipments of these cars were made in December 1959.
Figures for one State are incomplete.
* Excludes data for van bodies.
cf Data cover complete units, chassis, and bodies.
ARevisions for 1957 (except for detachable van bodies) are available upon request.
ONew registrations in Alaska and in Hawaii are included effective with data for January 1959 and January 1960, respectively.
JScattered revisions for woolen and worsted goods production (1958), motor vehicle exports and imports (1958), truck registrations (1958-May 1959), and for freight car new orders (1955-58
are available upon request.
§ Excludes railroad-owned private refrigerator cars.
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators,
Commodity prices
Construction and real estate
Domestic trade
_
1™5
6, 7
7,8
9-11
Employment and population
11-15
Finance
16-20
International transactions of the U.S— — 21,22
Transportation and communications
23,24
Indus! ry:
Chemicals and allied products. , „
Electric power and gas
Food and kindred products; tobacco
Leather and products
24,25
25, 26
26-30
30.31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and printing
31
32-34
35,36
36, 37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
_.
.
-9
Agricultural loans and foreign trade_ _ _
16,21,22
Aircraft and parts...
_-. 3,12,13,14,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
7, 9, 26
Aluminum
,
33
Apparel
2 , 3 , 6 , 7, 9,10.12,13,14.15. 38
Asphalt and tar products.
- _ - 35,36
Automobiles-3,9,12.13.14,15,17,22,40
Bakery products
12,13.14
Balance of payments
.
21
Banking
14.16
Barley
27
Barrels and drums
32
Battery shipments
34
Beef and veal
28
B everafiles_ 3.4,7,9,12,13,14.15,26
Blast furnaces, steel works, etc. _ - ' _ - . . . '
12.13,14
Blowers and fans
. _.
34
Bonds, outstanding, issued, prices, sales,
yields.._
17, 19. 20
Book publication
37
Brass and bronze
33
Brick. . .- _
-38
Brokers' loans and balances
16,19
Building and construction materials
8,9,10,36
Building costs _ . . . . _
8
Business incorporations (new), failures
5
Business sales and inventories
4
Butter
27
Cans (metal), closures, crowns
32
Cat-loadings
23
Cattle and calves
28
Cement and concrete products...
7.8.38
Cereal and bakery products
6,12.13.14
Chain-store sales, firms with 4 or more and
11 or more stores,
___ „
10
Cheese...
.
27
Chemicals ._
3 . 4 , 5 , 6 , 12.13,14, 15, 1 9 , 2 2 . 2 4
Cigarettes and cigars
7,30
Civilian employees. Federal
.
12
Clay productsi
.
7,38
Coal
3 , 4 , 6 , 11. 13,14,15,22. 23.35
Cocoa
22. 28
Coffee
... 2 2 , 2 9
Coke
.
23.35
Communications.
12,13. 14,15,19, 20, 24
Confectionery, sales
29
Construction:
8
Contract awards
8
Costs.
.
7.8
Dwelling units...
,
Employment, hours, earnings, wage rates
12.
13,14 . 15
Highways and roads
7, ,15
New construction, dollar value
1, 7
Consumer credit
_
17
Consumer goods output, index
2,3
Consumer expenditures
„_
1,9
Consumer price index
6
Copper
22 ,33
Corn
27
Cost of Hying (see Consumer price index)
6
Cotton, raw and manufactures
6 , 7 , 2 2 .39
Cottonseed, cake and meal, oil
,
30
Credit, short- and intermediate-term.
17
Crops
2. 6, 27, 30 .39
Crude oil and natural gas
3,11,13,14,15 .35
Currency in circulation
„_
18
Dairy products._
Debits, bank
Debt, U.S. Government
Department stores .
Deposits, bank
__
Disputes. industrial
,
Distilled spirits
,
Dividend
payments,
rates,
and
yields
Drugstore
sales.
_
Dwelling units, new. ,
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
2,6.26
16
...
17
10,11,17
... 16.18
15
27
2, 19, 20
10
7,8
Earnings, weekly and hourly _ _ . , _ _ „
14,15
Eating and drinking places
10
Eggs and poultry
_
2,6.28
Electric power
3, 6, 26
Electrical machinery and equipment
.
3,
4,5,7,12,13,14,19,22,34
Employment estimates and indexes ..
_ 11,12
Employment Service activities
.
15
Expenditures, U.S. Government _ _
.
17
Explosives_ _ .
25
Exports (see also individual commodities)
21,22
Express operations _
23
National income and product
1
National parks, visits
24
National security expenditures
1,17
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
7,19,22,33
Noninstallment credit
17
5
Failures, industrial and commercial
1,2.6
Farm income, marketings, and prices
Farm wages
.
..
15
Fats and oils, greases
...
6, 29,30
17
Federal Government finance..„,,..
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
16
Fertilizers
„__,.___..
6.25
8
Fire losses. _
29
Fish oils and fish .
_...
30
Ffaxseed
..
Flooring, hardwood ,
31
28
Flour, wheat..,
...
3,4,
Food products
5.6,9,10,12,13,14,15,18,22,27.28, 29.30
8
Foreclosures, real estate
..
21,22
Foreign trade... _ . _ _
34
Foundry equipment
Freight carloadings
.
23
3.40
Freight cars (equipment)
Fruits and vegetables
6 2?. 27
35,36
Fuel oil
..
Fuels
'
3,6 .35.36
34
Furnaces
_
Furniture
3 , 4 , 6 , 9 . 1 0 , 1 2 , 1 3 14,17
22
Furs
,
._..:
Paint and paint materials.
6,25
Panama Canal traffic
23
Paper and products and pulp
__ _ _
3,
4,5,7,12,13,14,15,18,22,36,37
Parity ratio
6
Passports issued
24
Payrolls, indexes
13
Petroleum and products
3.
4,5,6,12,13,14,15,19,22,35,36
Pig iron
32
PI ant and equipment expenditures
2,19
Plastics and resin materials
25
Plywood, hardwood
31
Population
11
Pork
28
Postal savings
16
Poultry and eggs
2, 6, 28
Prices (see ?lso individual commodities)
6
Printing and publishing
3,12,13,14,15,37
ProfitfCcorporate
1.18,19
Public utilities
2,3,6, 7,12,13,14,15,19, 20, 26
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
7
Gas, output, prices, sales, revenues
Gasoline
".
Glass and products..
Generators and motors..
Glycerin _
Gold
Grains and products,, ~ _
Grocery stores
Gross national product
Gross private domestic investment
Gypsum and products
Radiators and con vectors
34
Radio and television
3,6.9,34
Railroads
2 , 1 2 , 1 5 , 1 9 , 20, 23. 40
Railways (local) and bus lines
12,13,14,15,23
Ravon and acetate
39
Real estate
;
8,16
Receipts, U.S. Government
17
Recreation
6
Refrigeration appliances, output
]__
34
Rents (housing)
6,9
Retail trade
4, 5,9", 1 0 , 1 1 , 1 3 , 1 4 , 1 5 , 1 7
Rice
27
Roofing and siding, asphalt
36
Rubber and products.. 3,4, 5, 7,12,13,14,15, 22,37
Rye
27
3. 6, 25. 26
9,35.36
38
.
34
„ __
24
18,21
6, 22. 23, 27, 28
10
„_
1
1
7, 38
Hardware stores
.,
9, 10
Heating apparatus
7,34
Hides end skins
7. 30
Highways and roads
.„ „ _
7,8.15
Hogs. _
'28
Home Loan banks, loans outstanding
8
Home mortgages
8
Hosiery
._....
38
Hotels.
.-. _ . 12,13,14,15. 24
Hours of work per week
_ .. _ . _
13
Housefurnishings
.
. _ . 6.9.10
Household appliances and radios
.. 3 , 6 . 9 , 1 0 , 3 4
Imports (see also individual commodities)
21,22
Income, personal
_,
1
Income and employment tax receipts
17
Industrial production indexes:
By industry.
..
2,3
2,3
By market grouping.
_..
_
Installment credit. _ . „ . . .
17
Installment sales, department stores
11
Instruments and related products
... 3,12, 13,14
Insulating materials
34
Insurance, life _ .. .
.. , .,. . _
17,18
Interest and money rates
....
.
16
Inventories, manufacturers* and trade
4, 10,11
Iron and steel, crude and manufactures, _
3,
4 , 5 , 7 , 8 , 1 2 , 1 4 , 1 9 , 2 2 , 32,33
Labor disputes, turnover.
15
Labor force
—
11
Lamb and mutton
28
Lard _
28
Lead.
33
Leather and products
3 , 7 , 1 2 , 13, 14,15.30,31
Linseed oil
„.
30
Livestock
2, 6, 23, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
.
8,16,17,19
Locomotives
40
Lubricants
35. 36
Lumber and products
_
3,
4,5,7,8,9,10,12,13,14,18,31
Machine tools. „
....
_ _
34
Machinery
.. „.. 3,4, 5, 7,12,13,14, 19, 22. 34
Mail-order sales, catalog
_...
10
Manmade fibers and manufactures
7. 39
Manufacturers' sales, inventories, orders. , _
4,5
Manufacturing employment, production workers, payrolls, hours, earnings
11,12,13,14.15
Manufacturing production indexes.
2.3
Margarine
29
Meats and meat packing.
_
_ 2. 6. 12, 13, 14, 28
Medical and personal care
.. _ . _
.
6
Metals
3 . 4 , 5 . 7 , 11. 12, 13, 14. 15,19,32,33
Milk
1
1. _ 1
'
27
Mining and minerals.
2 , 3 , 1 1 , 1 2 , 13,14,15.19, 20
Monetary statistics _
18
Money supply..
. ..............
18
Mortgage loans _
8.16.18
Motor carriers..
„ . ..
23
Motor vehicles.... 3 , 4 . 5 , 7 , 9 , 10.12, 13, 14,15, 19.40
Motors
, _.,
.
..
34
Oats
Oil burners
Oils and fats, greases
Orders, new and unfilled, manufacturers'
Ordnance
27
34
6,29,30
5
12,13,14
Saving, personal
.
_j_
1
Savings deposits
16
Securities issued
19
Services-_-._.
1,9,12, 13,14
Sheep and lambs
28
Ship and boat building
12, 1 3 , 1 4
Shoes and other footwear
7,9, 10,31
Silk, prices, imports, production
7,39
Silver
18
Soybeans and soybean oil
30
Spindle activity, cotton
39
Steel ingots and steel manufactures..
3, 32,33
Steel scrap
32
Stocks, department stores
11
Stock prices, earnings, sales, etc
:1_
20
Stone, clay, and glass products
3,
4 , 5 , 1 2 , 1 3 , 1 4 , 19,38
Stoves and ranges
34
Sugar.
22,29
Sulfur
25
Sulfuric acid
24
Superphosphate
25
Tea imports
29
Telephone, telegraph, cable, and radio-telegraph carriers
12,13,14,15,20,24
Television and radio
3,6, 9,34
Textiles and products...
•_
3,
J.-.
4.5,7,12,13,14,15,18,22,38.39,40
Tin
: _ _ _ 22,33
Tires and inner tubes
_ _ _ 7, 9,10, 37
Tobacco and manufactures.
.
3,
4, 5, 6, 7, 8 , 1 2 , 1 3 , 1 4 , 1 5 , 22,30
Tractors
22.34
Trade
5,9,10,11,12,13,14,15,17,20
Transit lines, local
23
Transportation
and transportation equipment. _ . 3,4,5,6,9,12,13,14,15,19,22,23,24,40
Travel
24
Truck trailers
40
Trucks
34,40
Unemployment and compensation
11,15
U.S. Government bonds
16,17,19,20
U.S. Government
finance
17
Utilities
2,3,6,7,12,13,14,15,19,20,26
Vacuum cleaners
Varietv stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
34
10
29,30
6,22,27
23
15,17
Wages and salaries
1,2,13,14, 15
Washers
34
Water heaters
34
Wheat and wheat
flour
27, 28
Wholesale price indexes
6, 7
Wholesale trade
4,5,11,12,13,14,15
Wood pulp.
36
Wool and wool manufactures
6,7,22,39,40
Zinc.
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D.C.
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE.
(GPO)
OFFICIAL BUSINESS
First-Class Mail
Volume 40
Survey of Current Business
Numbers 1-12
I960 Index
of Special Articles and Features
SPECIAL ARTICLES
National Income Posts New Record in 1 9 5 9 . . . . . . .
Business Investment in Durable G o o d s . . . . . . . . . . . .
Highlights of Economic Expansion—A Review of
1959
National Income and P r o d u c t . . . . . . . . . . . . . . . . . . .
The Balance of International Payments in 1959... .
Industry and Finance
Agriculture—Output Steady; Farm Income Lower.
Financial Markets
Business Expanding Investment in 1960
Size Distribution of Personal Income, 1956-59.. . . .
No.
Page
1
1
7
13
2
2
2
2
2
2
3
4
3
7
18
21
23
25
12
8
Factors in the Housing Market
Financing the Expansion of GNP in the Current
Cyclical Move
.
Investment in Fuel and Power Industries
National Income and Product in 1959.
General Rise in State Income in 1959
U.S. Foreign Investments.
Business Financing in 1960.
Capital Outlays Abroad by U.S. Companies
Variations in National Output
Expansion of Exports Supports Domestic Business,.
No.
4
Page
16
5
6
7
8
9
10
10
11
12
18
7
10
15
13
18
14
11
No.
Page
8
8
9
9
9
3
5
3
4
6
9
10
9
2
10
10
4
6
10
11
11
11
12
9
3
7
9
4
14
FEATURES
Retail Sales in 1959
,
Recent Production Developments.
Rise in Industrial Output and Rebuilding of Inventories.
The Balance of International Payments—Developments in the Fourth Quarter and Year 1959
Growth in Personal Income
Industrial Production Patterns
Money and Capital Markets
Buying of Consumer Durable Goods
Rebuilding of Inventories Important in Production
Rise
«...
Gross National Production Reaches $500 Billion
Rate........................................
Economic Aid Steady Under Foreign Programs..
Growth in Business Concerns
.
Capital Investment Gives Business General Stimulus,
Foreign Travel Increase
Improvement in Balance of International Payments
in First Quarter
No.
Page
1
1
2
4
3
4
3
4
4
4
5
6
2
4
6
2
5
5
5
5
5
6
6
7
11
13
5
8
6
10
1960 Model Autos Record Good Year
National Income and Product
Varied Movements in Retail Markets
Housing Construction and Financing.
Capital Investment Higher in Third Quarter
Balance of International Payments: Second Quarter
I960....
Shifting Inventory Movement
Prospective Government Programs—The Year
Ahead
Farm Production and Income
Recent Trends in National Income and Corporate
Profits. .
Production—Shipments—Orders
Public Construction
National Income and Product. .
Business Investment Programs.
The Balance of International Payments in Third
Quarter....................................
12
Newest §upplements
INCOME IN ALASKA (November 1960). Price 35 cents
U.S. BUSINESS INVESTMENTS IN FOREIGN COUNTRIES (December 1960),
Price $1
Available from Superintendent of Documents/ U.S. Government Printing Office, Washington 25, D.C
of any U.S. Department of Commerce Field Office
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