Full text of Survey of Current Business : December 1962
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
DECEMBER 1962
survey of
CURR
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
DECEMBER 1962
VOL. 42, NO. 12
U.S. Department of Commerce
Luther H. Hodges
Secretary
Office of Business Economics
M. Joseph Meehan
Director
Contents
THE BUSINESS SITUATION
PAGE
Summary—Advance Continues
1
Louis J. Paradise
Managing Director
Buying Power Up—Retail Trade Rises More Than Seasonally—Industrial Production Unchanged
Third Quarter National Income and Corporate Profits
2
Business Capital Expenditure Programs
3
9
Manufacturers
Sales and Inventory Expectations in
First
Quarter 1963
K. Celeste Stokes
Statistics Editor
8
Canadian Exchange Developments Offset Favorable Effects of
cline—Imports Increase
ARTICLES
14
Merchandise Export Surplus Large But Below 1961 as Upswing in
Imports Accompanies GNP Advance—A Detailed Survey of U.S.
Exports, 1959-62
AGRICULTURAL PRODUCTION AND ADJUSTMENT
NEW STATISTICAL SERIES
„
*...
S8
CURRENT BUSINESS STATISTICS
...
Articles:
L. Jay Atkinson
Cecelia Winstead
Marie T. Bradshaw
Max Lechter
Hugh L. Hodge
24
Rapid Reduction in Farm Population—Increased Efficiency in Production—Per Capita Income Advances
Spot Market Prices, Basic Commodities (Index)
Business Revietv and Features:
Genevieve B. Wimsatt
Marie P. Hertzberg
Balance of International Payments:
Walther Lederer
Advance Debt Payments by France and Italy—Exports De-
FOREIGN TRADE EXPANDED IN 1962
Billy Jo Dawkint
Graphics
STAFF CONTRIBUTORS
TO THIS ISSUE
6
THE BALANCE OF INTERNATIONAL TRANSACTIONS—THIRD
QUARTER OF 1962
General....
Industry
Subject Index
Murray F. Foss
Editor
S1-S24
. S24-S40
Inside Back Cover
Subscription prices, including weekly
statistical supplements, are $4 a year for
domestic and $7.50 for foreign mailing. Single
issue 30 cents.
Make cbecks payable to the Superintendent
of Documents and send to U.S. Government
Printing Office, Washington 25, B.C., or to
any U.S. Department of Commerce Field
Office.
U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., U.S. Courthouse.
Phone 247-0311.
Atlanta 3, Ga., Home Savings Bldg., 75 Forsyth St.,
NW. JAckson 2-4121.
Boston 10, Mass., Room 230, 80 Federal St. CApitol
3-2312.
Buffalo 3, N.Y., 504 Federal Bldg., 117 Ellicott St.
TL 3-4216.
Charleston 4, S.C., Area 2, Sergeant Jasper Bldg., West
End Broad St. Phone 722-6551.
Cheyenne, Wyo., 207 Majestic Bldg., 16th St. and
Capitol Ave. Phone 034-2731.
Chicago 6, 13J., Boom 1302, 226 W. Jackson Blvd.
ANdover 3-3600.
Cincinnati 2, Ohio, 809 Fifth Third Bank Bldg., 36 E.
Fourth St. DUnbar 1-2200.
Cleveland 1, Ohio, Federal Reserve Bank Bldg., E. 6th
St. ana Superior Ave. CHerry 1-7900.
Dallas 1, Tex., Room 3-104 Merchandise Mart. Riverside 3-5611.
Denver 2, Colo., 142 New Custom House. KEystone
4-4151.
Detroit 26, Mich., 438 Federal Bldg. WOodward 3-9330.
Greensboro, N.C., 407 U.S. Post Office Bldg.
B Roadway 3-8234.
Honolulu 13, Hawaii, 202 International Savings Bldg.
Phone 58831
Houston 2, Tex., 5102 Federal Bldg., 515 Rusk Ave.
CApitol 8-0611
Jacksonville2, FJa., 512 Greenleaf Bldg. ELgin 4-7111.
Kansas City 6, Mo., Room 2011,911 Walnut St. BAltimore 1-7000.
Los Angeles 15, Calif., Room 450, 1031 S. Broadway.
Richmond 9-4711.
Memphis 3, Tenn., 212 Falls Bldg. JAckson 6-3426.
Miami 32, Fla., 14 NE. First Avenue. FRanklin 7-2581.
Minneapolis 1, Minn., Room 304, Federal Bldg.
Phone 339-0112
New Orleans 12, La., 333 St. Charles Ave. Phone 529-2411.
New York 1. N.Y., Empire State Bldg. LOngacre 3-3377.
Philadelphia 7, Pa., Jefferson Bldg., 1015 Chestnut St.
WAlnut 3-24CO.
Phoenix 25, Ariz., 230 N. First Ave. Phone 261-3235.
Pittsburgh 22, Pa., 355 Fifth Ave. ORant 1-0800.
Portland 4, Oreg., 217 Old U.S. Courthouse Bidg.
Capital 6-3361.
Reno, Nev., 1479 Wells Ave. FAirview 2-7133.
Richmond 19, Va., 2105 Federal Bldg. Phone 649-3611.
Si. Louis 3, Mo., 2511 Federal Bldg. MAin 1-8100.
Salt Lake City 1, Utah, 222 SW. Temple St. DAvis
8-2911.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
Savannah, Ga., 235 U.S. Courthouse and P.O. Bldg.
ADams 2-4755.
Seattle 4, Wash., 809 Federal Office Bldg., 909 First Ave.
Mutual 2-3300.
ucilion
E«
E CONOMIC activity moved ahead
slowly in November with larger than
seasonal increases in retail buying and
income. Automobile sales, which advanced sharply in October, continued
strong, and sales gains were posted in
nearly all other major lines of retail
BUSSNESS EXPENDITURES FOR PLANT AND
EQUIPMENT HIGHER IN SECOND HALF
Investment Now Slightly Above 1957 Peak,
Is Scheduled To Dip in First Quarter of 1963
Billion $ (ratio scale)
50
40
30
20
Higher Planned Investment in Early 1963, by
Mondurable Goods Manufacturers, Commercial
And Communications Firms, Is Offset by
Expected Reductions Elsewhere
20
Commercial and
Communications
10
(
Nondurable Manufacturing
8
6
Durable Manufacturing
4
, , I , , , I , , , I , i , [ , , . I , , , I , , i I
Transportation (Incl. railroads)
\ /, ' X\_^//
1957 58
59
60
61
62
63
Quarterly Data, Seasonally Adjusted Annual Rate
o Anticipated
Data: SEC & OBE
U.S. Department of Commerce, Office of Business Economics
62-12-1
Purchases of services continue their
trade. The personal income rise, although about equal to the average long-term rise, while nondurable so
monthly advance so far in 1962, was far this quarter are only a little imconcentrated in the government sector. proved over the summer months. GovWith business investment tending to ernment expenditures are moving ahead
level off, it appears that the principal as a result of rising defense programs,
current expansionary force of demand and a stepping up in highway expendistems from consumers and government. tures. Present indications are that the
The latest plant and equipment pro- fourth quarter GNP increase should be
grams, which are discussed in detail laiger than the rise of $3% billion that
further on, show a rise in the third occurred last quarter.
quarter, a leveling in the final quarter
of the year and a small clip in the early November rise
Personal income in November rose
part of 1963, after seasonal adjustment.
Profits were maintained through the by $1/4 billion at annual rates to reach
third quarter, but have not advanced a seasonally adjusted total of $4.47.4,
above the end-of-1961 rate. Industry's compared with $428 billion a year ago.
growing ability to produce exceeds the As in the recent past private payrolls
modest increases that have occurred in registered little change; government
overall output and thus acts, to some payrolls, however, were up by about $1
extent, as a dampening influence on billion with about % of the rise attributable to the Federal pay raise that befixed investment outlays. The ancame effective late in October. Small
ticipated stimulus to capital outlays by increases in dividends, interest, transfer
government actions this year—the tax payments and farm proprietors' income
credit for new investment, and the also occurred.
revision of Treasury depreciation reguSo far in the fourth quarter personal
lations aimed at tax reduction—are too income is running about $4% billion
recent to be reflected in the plans above the third quarter average, with
reported in the November survey. total payrolls accounting for about $1K
A small reduction of housing outlays billion of the rise and private payrolls
from the third quarter is also indicated, about $.2 billion.
Nonfarm employment was little
following a rise this spring and summer.
changed
in November, after seasonal
Businessmen continue to follow a
adjustment, continuing the pattern that
cautious inventory policy, with manuhas been evident since the early part of
facturers planning a small rise in stocks the summer. Last month there were
this quarter. Business as a whole declines in manufacturing which were
accumulated $.3 billion in inventories partly offset by a rise in nonmanufacin October; an important consideration turing, chiefly in State and local governaffecting current inventory investment ment workers. This is basically the
is the course of auto dealers' stocks, same picture that appears when the
which have not shown the usual latest seasonally adjusted employment
seasonal pickup due to the heavy auto figures are compared with those for
July, as may be seen below:
demand.
SURVEY OF CURRKXT BUSINESS
Table 1.—National Income by Type of Income (1-8, 1-9)
[ Billions of dollars]
1961
December 1962
Table 3.—National Income by Corporate and Noncorporate Form
of Organization (1-14)
[Billions of dollars]
1962
1961
1959
19(50
1901
III
IV
I
II
1959
19o()
1961
Seasonally adjusted at annual
rates
National income
400.5 415.5 427.8 431.3 444.0 448.9
Compensation of employees
258. 5 271. 3 278. 8 281. 0 280. 1 289. 9 295. 9
213. 1 222. 9 227. 0 228. 8 232. 5 235. 0 240.1
9.9 10.2 10.0 10.8 11.2 11.2
9.9
35. 4 38. 5 41. (] 42.2 42.8 43.7 44.6
Wages and salaries
Private
Militarv
Government civilian
;
.,
278.5 293. 7 302. 2 304. 5 309. 9 315.2 321. 7
Supplements to wages and salaries _
Employer contributions for social
insurance
Other labor income
Km plover contributions to private pension and welfare
funds. .. . ...
...
Other
Proprietors' income
Bu^ine^s and professional
Income of unincorporated enterprises
I n v e n t o r y valuation adjustment...
Farm
. ...
297.8
241.4
10.9
45. 5
22. 4
23. 4
23. 5
23. 8
25 2
25. 8
25. 9
9 7
10.4
11 4
11.0
12 0
11.4
12 1
11.4
12 2
11.6
13.3
12.0
13.4
12.3
13. 5
12.4
8.2
2 2
8.0
2 4
9.0
2 4
46.5
46.2
47.8
48.1
49.5
49.1
49.5
49.7
34.2
34.8
35. 1
36.0
36.2
36.8
37. 0
35 2
-. 1
11.4
34 2
()
12.0
34 7
.0
13. 1
13.1
13.6
12.9
12.8
12.8
Rental income of persons _
11.9
11.9
12.3
12. 3
12.5
12.6
12.8
12.9
Corporate profits and inventory valuation adjustment
47.2
45.6
45. 5
46.0
51.1
50. 4
50.7
51.0
45. 4
45. 0 4(i.3
92 3 99 (\
23. 3 ! 23. 7
15.0 ! 14.9
X.M
H.7
51. 4
25. 1
26. 3
15. 5
10. 8
50. 1
24.4
25 6
In! 8
9. 9
50. 9
24. 9
20. 1
15.8
10.3
51. 1
24. 9
20. I
15. 8
10. o
.OJ-.3
-j
.3
21.0
21.5
22.0 ;
22.5
P r o f i t s before tax
Profits t a x liability
P r o f i t s ;ifter tax
Dividends
U n d i s t r i b u t e d profits
23 2
99 4
ft?
10. S
23. 0
14.4
8. 0
I n v e n t o r y \aluation adjustment
Net in teres t
16.4
18.1
20,0
20.3
1962
III
IV
I
II
III
Seasonally adjusted at annual
rates
459.8
323. 8
20.1
35. 1
i
III
National income
.
400.5 415.5 427.8 431. 3 444.0 448.9 456.7
459.8
Income originating in corporate business
220.8 227.4 230.0 232. 1 240.2 242. 3 247.1
248.1
Compensation of employees
174. 5 183.1 185. 8 187. 2 190. 5 193. 5 197. 8
Wages and salaries
160.4 167. 5 169.7 171.1 174.1 176. 0 179.9
Supplements to wages and
salaries
14.1 15. 6 16.0 16.1 16.4 17. 5 17.9
Corporate profits and l inventory
valuation adjustment
Profits before tax l
Profits tax liability
Profits after tax *
Inventory valuation adjustment
45.4
45.9
23.2
22.7
198.4
180.4
17.9
43.7
43.6
22.4
21. 1
43.3
43.4
22. 3
21.1
43.9
44.2
22.6
21.6
48.7
49.0
25. 1
23.9
47.8
47.5
24.4
23.0
48.3
48.5
24.9
23.6
48.7
48.8
24.9
23.9
—.5
.2
.0
-.3
-.3
. 3
_ 2
-.1
.9
.6
.9
.9
1.0
1.0
1.0
1.0
Income originating outside corporate
business
179.7 188.0 197.8 199. 2 203. 8 206. 5 209.6
211.7
Net interest . . .
1. Kxcludes corporate profits originating in the rest of the world sector.
Table 4.—Sources and Uses of Gross Saving (V-2)
[Billions of dollars]
—.1
1959 I 1900 ; 1961
III
i IV
'
!
I
II
III
Seasonally adjusted at annual
rates
Gross private saving
Personal saving
rndistributed corporate profits
Corporate inventory valuation
adjustment
Capital consumption allowance
Excess of wage accruals over disbursements
74.9
72.9
79.2
80.4
83.5
82.5
84.5
84.0
23. 6
10.8
20. 9
8.6
25. 6
8.3
26.3
8.7
26. 5
10.8
25. 4
9.9
26.9
10.3
26. 0
10.3
?j
41 ! 0
2
43! 2
0
45. 3
— 3
45.7
-.3
46. 6
o
47! o
2
47. 5
1
47.8
.0
.0
.0
.0
.0
.0
.0
.0
4.2 -4.4 -3.6 -2.9 -3.3 -1.1
-2.4
__7
— .4
-.9
— 1.4
Government surplus on income and
product transactions
-1.5
Federal
State and local
3.8 -3.8 -3.3 -1.3 -2.4
. 4 — . 6 -.3 — 1.0 — . 8
70.4
73.7
71.7
73 8
78.8
77.,
79.4
77.0
Gross private domestic investment.. 72 7
—2.3
Xet foreign investment
72.4
1.3
69. 3
2.4
72.4
L3
76. 0
2.2
75. 9
2.0
77.4
2.0
76.3
.7
Gross investment
Table 2.—National Income by I n d u s t r y Division (1-11)
[Billions of dollars]
-1.1
— .3
Statistical discrepancy
-3.0 -3.4 -3.1 -3.1 -1.9
-1.4 -4.0
-4.6
Table 5.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment, by Broad Industry Groups (VI-10)
[Billions of dollars]
All industries, total
1902
1901
A g r i c u l t u r e , forestry, and fisheries
1959
Manufacturing,
.Durable-goods industries
Xondurable-goods industries
1960
1961
__
Transportation
C o m m u n i c a t i o n s and public utilities.
Services.
G o v e r n m e n t and government enterprises
..
IV
I
II
III
Seasonally ad Justin I at annual
rates
\\ holesale and retail trade
Finance, insurance, and real estate
III
Al' industries, total
Manufacturing
I )urat)le-goods industries
Xondurahle-goods industries
Transportation, communications, and
public utilit ies
All other industries
47.2
45. 6
45.5 | 46.0
51.1 50.4
50.7
51.0
25. 4
24. 0
23. 5 j 24. 0
27. 5
27. 0
27. 1
28.1
13.4
11.9
12.2
11.8
11.7
11.7
12. 1 14.9 ! 14.2
11.9 12.0 ! 12. S
14. 3
12.8
15. 3
12.8
0. 7
7.0
7. 4
7. 5
15. 1
14.6
14.7
14.5
;
;
8. 0 ; S. 1
15.0
15.4
8.0
7.9
15. 7
14.9
SURVEY OF CURRENT BUSINESS
December 1962
Employment Changes,
in Thousands
July 1962- Nov. 1961Nov. 1962 NOD. 1962
Total
M anuf acturing
N onmanuf acturing
Government
..
...
—28
—197
169
188
1,064
245
819
440
Hours of work in manufacturing rose
somewhat more than seasonally last
month. After seasonal adjustment
hours have been fluctuating rather irregularly around the same level over
the past year. Average hourly earnings
were also higher over the month but in
general such earnings in manufacturing
have varied little over the year; since
last December, for example, they are
up 1 percent.
Retail trade is high
period since the November-December
turnout of 1955. Production schedules
are expected to continue high with
December assemblies now planned at
the October-November daily average
rate.
Steel production scored a better than
seasonal performance last month under
the influence of continued high production rates in the auto industry, and
some improvement in buying from nonautomotive sources. Steel mill operations early in December were about 2
percent above the November weekly
average rate. Stocks of finished steel
in the hands of manufacturers showed
another large drop during October and
at the end of the month represented
1.9 months of consumption as against
2.8 months at the April 1962 peak and
2.2 in November-December of 1961.
With record consumer incomes, retailers are looking forward to their best
volume of Christmas trade. Last
month's performance moved in that Corporate profits steady
direction as sales rose more than
Corporate earnings in the third quarseasonally over October, with non- ter, at a seasonally adjusted annual
durable goods stores responsible for rate of $51 billion, were little changed
most of the advance. The November from the preceding quarter, and up
figure on a seasonally adjusted basis was about 10 percent from a year ago. In
ahead of the third quarter average and
about 5 percent above sales of last
November.
Dealer deliveries of new cars edged
off a bit from October, after seasonal
adjustment, but the number of cars
sold was very high by any standard.
The 657,000 new units sold last month
Rise in 1962 Second
represented the best November on
record. Even though auto production has been kept at a high pace,
BUSINESSMEN report that outlays
dealers stocks, after allowance for for new plant and equipment reached a
seasonal change, edged down during the new high in the third quarter, seasonmonth and for many of the popular ally adjusted, and they expect this rate
models inventories are quite low rela- of investment to be maintained in the
tive to current sales.
current quarter. An easing off is the
present expectation for the opening
Industrial production holds
months of 1963.
Industrial production was again
The regular quarterly survey of
little changed in November, after business spending intentions, conducted
seasonal adjustment. Small produc- by the Department of Commerce and
tion gains were registered in non- the Securities and Exchange Commisdurable goods industries but durable sion in November, places actual capital
goods groups showed no change in outlays in the July-September period
total.
at $38% billion, on a seasonally adjusted
Automobile assembly plants shipped annual basis. This exceeds the preout 690,000 passenger cars in Novem- vious high of $37% billion recorded in
ber, about the same as in October on a the third quarter of 1957 although
daily average basis. The October- investment is not yet back to the
November total of 1.4 million units earlier peak on a constant dollar basis.
was the highest for any two-month
Expenditures for fixed investment are
most industrial groups, profits held
steady from the second to the third
quarter. A rise in earnings of automotive companies was partly offset by
small declines scattered among a number of industries.
Profits after taxes amounted to $26.1
billion in the third quarter at seasonally
adjusted annual rates, the same as in
the preceding three months. For the
first three quarters of the year after-tax
profits, at a $26 billion annual rate,
were about $2% billion above the total
for the full year 1961.
With July-September profits showing
only a minor increase over the spring
quarter, national income rose to $460
billion, compared to a second quarter
figure of $457 billion. The tables on
the preceding page present national
income details for recent periods. No
allowance has been made for the effects
on profits of the liberalized depreciation
guidelines issued by the Treasury
Department in mid-year, since data are
not available to make such a computation.
Business Capital Expenditure Programs
Half—Off Slightly in Early 1963
also scheduled at $38% billion for the
closing 3 months of this year and at
$37% billion for the first quarter of next
year. The edging off in programed
outlays this winter, after allowance for
the usual seasonal slowing in construction activity, is spread among
most major industries, with expected
advances in spending confined mainly
to the chemicals, textiles, and the
communications and commercial groups.
The recent new developments—
enactment of the investment tax credit
and the publication of the new Depreciation Guidelines and Rules by the
Treasury Department—are obviously
favorable factors in the capital goods
demand situation. Both of these factors require careful study and it is
doubtful that there has been sufficient
lapse of time for the current expenditure
SURVEY OF CURRENT BUSINESS
4
programs to reflect any substantial part
of the potential impact of these forces.
The current survey indicates some
upward revision of capital spending
plans in recent months. In each of the
first two quarters of 1962 actual
expenditures fell somewhat below anticipations. In contrast, third quarter
expenditures were $600 million higher,
at an annual rate, than had been
expected 3 months earlier. All industries, except communications, spent as
much or more than previously budgeted.
Similarly, outlays for the fourth quarter
are now expected to be $400 million
higher than earlier anticipated.
Comparison of 1962 and 1961
Assuming actual fourth quarter capital spending to be in line with present
expectations, outlays for the year 1962
would aggregate a record $37.4 billion,
or close to the $37.2 billion anticipated
CAPITAL INVESTMENT
Has Swung Less Widely in Current Cycle
Investment related to gross national
product
Index *
140
MANUFACTURING
INVESTMENT
130
120
110
100
90
80
70 Li
130
in the initial 1962 survey. Expansions
of capital budgets since last February
have been most substantial among
railroad and other transportation companies, and lower totals are now
anticipated by public utilities.
Business spending in this amount
would be 9 percent higher than in 1961,
with all industries except public utilities
participating in the advance. Increases
in costs of plant and equipment in the
5-year interval since 1957—the previous
high in investment—indicate that the
physical volume of capital goods purchased this year fell short of 1957
acquisitions.
That investment has recovered even
to earlier dollar records is attributable
primarily to the rather strong uptrend
in capital spending by service-oriented
industries: communications, services,
trade, and nonrail transportation.
Manufacturing, mining, and the public
utilities currently account for a significantly smaller share of investment than
in 1957.
NONMANUFACTURING
INVESTMENT
1954-56
120
no
100
90
1
2
3
4
5
6
7
8
Quarters from G N P Trough
* For each cycle investment in quarter of GNP trough
equalsJOO-2d qtr. 1949, 2d qtr, 1954, 1st qtr. 1958
1st qt* 1961.
DatQ .
1LS. Department of Commerce, Office of Business Economics
SEC&OBE
62-12-2
While expenditures for new plant and
equipment are now higher than ever
before, they have not kept pace with
the expansion in general business activity. This is true not only on an overall
basis but also for each of the major
business sectors, including the pacesetting "commercial" group-—i.e., trade,
services, finance, and construction.
Gross product originating in this area
has expanded rapidly throughout the
postwar period.
Until 1956 investment proceeded at
about an equal pace, and in that year
expenditures for new plant and equipment represented 5 percent of the gross
product arising out of commercial and
service activities. The proportion
dropped to 4 percent in 1957, 3% percent in 1961 and will hold at about this
figure this year. It may be noted that
this group has about the lowest ratio
of investment to gross product of any
major industry group.
At the opposite extreme are "capital
intensive" public utilities. Here, too,
the proportion of the utilities capital
outlays to their gross product has dipped
from 59 percent to 41 percent over the
period from 1957 to 1961, and will slip
December 1962
further this year as outlays have fallen
slightly below 1961.
Given its prime importance, the most
noticeable lag of outlays relative to the
1957 experience has been in manufacturing. Relative to gross product in
manufacturing—which has not shown
as large a growth in recent years as some
nonmanufacturing sectors—investment
has been about a tenth.
Comparison of cycles
The current investment picture is also
placed in clearer perspective by a comparison of its recent performance relative to earlier postwar expansions. If
the anticipated expenditures in the first
Table 1.—Percent Increase in Plant and
Equipment Expenditures, 1961 Actual to
1962 Anticipated
As reported in
February
All industries
8
Manufacturing
November
9
9
8
Durable goods industries
Primary iron and steel
Primary nonferrous metals. Electrical machinery and
equipment
Machinery, except electrical.
16
31
19
14
2
15
-3
13
-1
20
Motor vehicles and parts
Transportation equipment,
ex. motor vehicles
Stone, clay, and glass __ _ _
Other durable goods
20
16
21
16
14
24
18
23
Nondurable goods industries. .
Food and beverage
Textile
Paper.
_
3
2
0
0
3
2
24
4
6
2
27
0
-4
4
5
2
Chemical
_ __ _
Petroleum and coal
Rubber
Other nondurable goods
Mining
3
13
Railroad
19
28
Transportation, other than rail
-1
10
__ _
1
-1
Communication, commercial and
other
11
12
Public utilities
.
.
Sources: U.S. Department of Commerce,
Business Economics, and Securities and
Commission.
Office of
Exchange
quarter of 1963 are realized, investment
will have risen 11 percent from its dollar
volume at the low point in overall business activity two years earlier. This
rate of recovery was less than in 1954-56
and 1949-51, but more than in 195860 when capital outlays continued to
decline for three quarters after the
upturn in GNP.
Differences in trends in investment
in manufacturing and nonmanufacturing during the first eight quarters of
postwar expansionary periods are also
SURVEY OF CURRENT BUSINESS
December 1962
made clear in the chart. Capital outlays by both groups have demonstrated
less volatility in the recent experience
than in similar previous periods. In
part, this reflects the moderate character of the current economic expansion
but it also marks the absence of a strong
and widespread demand for capital
goods since the 1956-57 investment
boom.
Also evident from the chart is the
somewhat stronger investment position
in nomnanufacturing activities. Outlays by this group are expected to be
13 percent above the 1961 low by the
first quarter of next year, while the increase for manufacturing is now placed
at 9 percent.
exceed all quarterly rates of the past
five years, but to fall short of the $16
billion peak established in the summer
of 1957. Current plans for the first
quarter of 1963 indicate a cutback in
spending to slightly below $15 billion.
Outlays of durable goods manufacturers are now placed at $7.2 billion
for 1962; this is a rise from 1961 or 14
percent—one of the largest increases
recorded among the major industry
groups. Expenditures are expected to
reach $7% billion by the fourth quarter—a rate $1% billion above the cyclical low in the July-September quarter
of 1961. All component industries,
except electrical machinery, expect a
rising trend in outlays during 1962.
First quarter 1963 outlays are expected to decline to slightly over $7
billion, primarily due to cutbacks to
mid-1962 rates in the iron and steel,
transportation equipment, and nonelectrical machinery industries. Outlays
for the remaining groups, as currently
anticipated, will be little changed from
fourth quarter rates.
Manufacturers' Expansion
Manufacturers' investment in new
plant and equipment is currently anticipated at $15% billion (seasonally adjusted annual rate) in the closing
quarter of 1962, up 3 percent from
actual expenditures in the third quarter.
Yearend investment is expected to
Spending for new plant and equipment by the nonelectrical machinery
industry reached a record $1K billion
in the year 1962; these outlays are
expected to fall in the opening 3 months
of 1963 from the advanced rate in the
final quarter of this year. Electrical
machinery producers have stabilized
expenditures at a seasonally adjusted
annual rate of $0.7 billion per quarter
since mid-1960 with no change indicated
for early 1963.
Plant and equipment expenditures by
nondurable goods manufacturers, which
are typically less volatile than durable
goods producers7 investment, are expected to rise 3 percent from 1961 to
1962. The annual expenditure of $7%
billion for 1962 was exceeded only in
1957. Current schedules indicate that
quarterly expenditures will remain relatively stable at $7% billion in the final
two quarters of 1962 and in the first
quarter of 1963.
Among the nondurables, textile and
petroleum manufacturers show the most
Table 2.—Expenditures for New Plant and Equipment by U.S. Business *, 1960-63
(Billions of dollars)
Quarterly, Seasonally Adjusted at Annual Hates
Quarterly, Unadjusted
Annual
i
1961
1960
1961
1962 2
I
11
III
IV
i
II
1961
1963
1962
III
IV 2
I-'
I
II
1962
III
IV
I
11
1963
III
IV 2
I 2
All industries
35. 68 34. 37 37.41
7.57
8.61
8.65
9.54
8.02
9.50
9.62 10.28
8.48 33. 85 33. 50 34.70 35.40 35.70 36.95 38. 35 38. 35
.37. 70
Manufacturing industries
14.48 13.68 14.80
3.00
3.46
3.34
3.88
3.14
3.69
3.72
4.26
3.33 13. 75 13.50
1 f. 95
Durable goods industries
Primary iron and steel
Primary nonferrous metal
Electrical machinery & equipment
Machinery, except electrical
Nondurable goods industries
Food and beverage
Textile
Paper
_
._ _
Chemical
Petroleum and coal
Rubber
Other nondurable goods *
dining
tailroad
"ransportation, other than rail
_.
6.40
1. 10
.25
65
1.15
.80
6. 55
1.00
.25
70
1. 15
.80
6. 95
1.10
.30
. 65
1. 30
.85
7. 25
1.20
.30
.65
1.30
.80
7. 75
1. 25
. 35
.70
1. 45
1.00
7. 10
1.20
. 35
.70
1. 30
.80
.40
.40
.35
.40
.40
.40
.50
. 55
.45
7.25
.95
.50
.75
1.50
2.70
7.30
.90
.45
.70
1.65
2.75
7. 55
1.00
.50
.65
1. 65
2.85
7.60
1. 05
.50
.70
1. 65
2.80
7.60
.95
.55
.70
1.70
2.85
7.50
1.00
.60
.70
1. 55
2.70
7 80
1 00
65
70
1 50
3.10
7.75
1.10
. 65
. 75
1.50
2. 85
7.85
1.05
.70
.70
1. 60
2. 80
1.15
6.27
1.13
.26
.69
1.10
.75
7.15
1.15
.30
.68
1.32
.87
1 41
28
07
15
25
15
1 58
28
07
17
28
20
1.50
. 26
.06
17
25
".19
1,79
.30
.07
20
.32
.21
1.44
22
'.06
14
.27
.17
1.77
.28
.07
16
.33
22
1.79
.29
.08
17
.32
22
2. 15
.35
.10
21
.41
.26
1.57
.27
.08
. 14
.30
. 16
6. 50
1.35
.30
. 70
1. 15
.70
6.20
1.05
.42
.62
1.56
.38
.51
1.45
.47
.60
1.78
09
11
30
. 10
.12
.36
.09
.12
.36
.11
.16
.43
.09
.12
.38
. 11
.16
.44
.13
.14
.44
.14
.17
.51
10
13
38
- 7.30
.92
53
_ _ _ . - - - . .75
1.60
2.64
.23
.64
7.40
.98
.50
.68
1.62
2.76
.22
.65
7.65
1.00
.62
.71
1.56
2.88
.23
.66
1 59
23
12
16
33
56
05
14
1.88
.25
.12
. 17
.42
.70
.05
.17
1.84
.24
.12
. 16
. 40
.70
.06
.16
2.09
97
.14
.18
.46
.80
.07
.18
1. 69
.22
.13
.15
.37
.62
.05
.14
1.92
26
.16
.18
.40
.69
.06
.18
1.93
.24
.15
.18
.37
.76
.06
.16
2.11
.27
. 17
.20
.43
.80
.06
.18
1 76
25
17
16
36
62
.04
. 17
..
.99
.98
1.11
.21
.26
.25
.26
.26
.27
.28
.30
.26
.95
1.00
1.00
1.00
1.15
1.05
1.10
1.15
.
1.03
.67
.86
.17
.18
.16
.16
.16
.26
.24
. 21
.17
.70
.70
.65
.60
.70
.95
1.00
.80
.70
- .
1.94
1.85
2.04
.41
.48
.47
.50
.47
.60
.50
.48
.40
1.75
1.80
1.90
1.95
2.05
2.25
2.00
1.80
1.80
5.47
1.09
1.39
1.50
1.54
1.06
1.37
1.54
1.50
1.07
5.35
5.50
5.65
5.55
5.15
5.40
5.75
5.40
5.30
75
.81
.78
.88
.88
.93
.87
3.26 11.30 11.05 11.85 12.35 12.45 12.85 13.40 13.70
13. 8ft
2.04
2.16
2.32
2.06
2.37
2.48
.
__
'70
1.10
.80
6. 10
1. 10
.25
70
1. 05
.70
7.18
1.60
31
.68
1.10
.89
Motor vehicles and parts
Transportation equipment, excluding motor
vehicles
Stone, clay and glass
Other durable goods 3
13. 65 14.00 14.20 14. 45 15. 05 15. 50
_
'ublic utilities
5.68
5.52
Communication
3.13
3.221
Commercial and other 5
8.44
8.46J
13. 13
I"11.94
1. Data exclude expenditures of agricultural business and outlays charged to cuirent
ccount.
2. Estimates for the year 1962 are based on actual capital expenditures for the first three
uarters and anticipated capital expenditures for the final quarter of the year. These data
r
ere reported by business in November 1962. The anticipated data for the fourth quarter
)62 and first quarter 1963 have been adjusted when necessary for systematic tendencies.
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous
idustries.for FRASER
Digitized
U.53
4. Includes apparel, tobacco, leather, and printing-publishing.
5. Includes trade, service, finance, and construction. The anticipated expenditures and
the seasonally adjusted data also include communication.
NOTE: Details may not add to totals due to rounding. Data for earlier years were published
in the June 1956, March 1958, 1960, 1961 and 1962 Survey of Current Business.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities
and Exchange Commission.
6
December 1062
SURVEY OF CURRENT BUSINESS
substantial increases in plant and equip- group in both the current quarter and utors. Electric companies are holding
ment investment in 1962, and the the first quarter of next year. Among outlays relatively steady during this
latter group expects to increase invest- the utilities, the cutbacks are largely year with a slight advance scheduled
ment further in the first quarter of confined to gas producers and distrib- for early 1963.
1963.
Textile sales are up about 15
percent for the first 9 months of 1962.
The liberalization of tax depreciation
schedules for this industry a year ago
has also encouraged investment.
Chemical companies also expect a
LESULTS of the latest survey of and next quarter, after seasonal allowhigher investment rate in the opening manufacturers' sales and inventory ances. Sales totaled $100% billion in
quarter of 1963—although outlays in anticipations, conducted during No- the third quarter, and are projected at
this industry and in petroleum are vember, indicate slightly higher sales $101 billion this quarter and $101%
currently little changed from mid-1961, and further additions to inventories in billion in the first 3 months of 1963.
the beginning of the current upswing the final 1962 quarter, and in the open- These anticipated increases are somein investment.
ing quarter of 1963. These expecta- what less than the actual quarterly
tions imply little change in the gains through September this year.
inventory-sales
ratio for these periods Expectations by manufacturers place
Nonmanufaeturing
from
the
relatively
low levels main- sales in the first quarter of next year
Investment
a sixth above the cyclical low 2 years
tained by producers since mid-1961.
earlier.
Manufacturers
look
forward
to
sucInvestment in the nonmanufacturing
Sales in the third quarter were about
sector of business rose to a record $23% cessive new highs in sales in the current
billion in the third quarter, at seasonally
MANUFACTURERS' INVENTORIES
adjusted annual rates. Outlays are
expected to decline 2 percent in the
9 Inventory Rise Continues at Moderate Pace, Reflecting Cautious Buying Policies
fourth quarter and fall further during
® Stock-Sales Ratios Are Steady After Reduction From Last Year
the opening 3 months of 1963. As in
the past, trends in individual industries Biilion $
+2
DURABLE GOODS
NONDURABLE GOODS
are mixed.
The substantial uptrend in capital
outlays by the communications-com^
INVENTORY CHANGE DURING QUARTER'
mercial group in 1962 is expected to
continue through to yearend. In the
following 3 months some leveling out
is expected. From the $13% billion
record expenditures in the third quarAnticipated
ter, at a seasonally adjusted annual
i
i
i
l
l
l
l
Mil ii® 1 i
rate, a rise of 2 percent is projected in
1
the fourth. Within the group, programs for construction and the acquisition of new equipment are strongest
among communications, retail, and -1
2d|
1
f
f
1
f
finance firms.
Ratio
A pattern of expansion through the
3
NONDURABLE GOODS
DURABLE GOODS
end of 1962, with a leveling out in the
first quarter, is also scheduled by
INVENTORY SALES RATIOS
mining companies. If this winter's
^ "i
x^
anticipated seasonally adjusted annual
_/
2
—
rate of $1.15 billion is realized, it will
be the highest since 1957.
Manufacturers Expect Sales to Rise Moderately in First Quarter 1968
and Little Change in Inventory-Sales Ratio
R.
1
|
1
!i
i|i
v_
•MMB
o Anticipated
Utilities are off
More than offsetting these programs
are substantial cutbacks in capital
outlays scheduled by the public utilities, railroads and other transportation
1
i i
i
1960
i
i
i
1961
l
I
\
\
1962
\
\
\
\
1963
1
i
\
1960
i
i
\ \ i \ \ \ \
1961
1962
r
1963
Quarterly Seasonally Adjusted
U.S.
Department of Commerce, Office of Business Economics
62-13-3
SURVEY OF CURRENT BUSINESS
December 1962
1 percent under the total expected 3
months ago. The sales outlook for the
fourth quarter lias also been revised
downward a little. The shading of expectations for fourth quarter shipments
centered in nondurables.
The sales uptrend in manufacturing
this year has been somewhat stronger in
durables than in nondurables. But
producers in the heavy goods industries
are not anticipating further increases
this winter from the record third quarter seasonally adjusted rate of $49
billion. Sales of this amount are a
fifth larger than at the low in earl}" 1961.
Within the durable goods groups,
some further expansions in sales are anticipated for the current and following
quarter by producers of primary metals
and machinery. In other industries,
where third quarter sales were at record
rates, little change or slight declines are
anticipated this winter.
Nondurable goods sales held in the
third quarter at the second quarter seasonally adjusted rate of $51.3 billion
after rising 2 percent from the first
to second quarters. These producers
now feel that shipments will advance 1
percent in the current quarter and show
a further improvement of the same
magnitude in early 1963. The gains
expected for late fall and winter are
largely due to the improved sales outlook of chemical and petroleum companies.
Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories
Total
IIi<rh
March 31, 1959
June 30, 1959
September 30, 1959
December 31 1959
__
March 31, 1960
June 30, 1960
September 30, 1960 . _
December 31, I960
March 31, 1961
June 30, 1961
...
September 30, 1901
December 31, 1961
.
March 31. 1962
June 30 1962
September 30, 1962 _ ___
II
III
I
II
31
35
29
28
67
63
70
71
2
2
1
1
39
42
36
32
60
57
63
67
22
18
12
12
81
86
86
1
1
2
2
24
19
13
13
75
80
85
85
2
2
19
16
10
11
80
82
87
86
3
3
16
14
15
82
85
83
2
1
21
18
18
78
81
81
1
1
1
9
9
11
89
89
86
3
Inventory
anticipations
Manufacturers are planning to add
$400 million to inventory during the
closing 3 months of this year and
another $300 million between the end of
December and March, after adjustment
for seasonal allowances. These rates
are about the same as the actual additions to producers 7 inventories in the
second and third quarters but substantially lower than the first quarter 1962
increase of $1.4 billion, when a sizable
amount of steel stockpiling occurred.
(See chart.)
E n d - o f - S e p t e m b e r book values
totaled $57.2 billion, about 1 percent
less than expected in the preceding
survey conducted in August. The De-
19 )1
III
IV
I
II
III
19 62
IV
I
II
III
1963
IV i
Ii
50. « 52.0 51. 6 52.9 54.7 54.9 54.3 53.9 53.8 53.6 53.8 55.2 56.9 57.1 56.8 57.4 58.3
29. 1 30.2 29.6 30.3 32. 1 32.2 31.6 30.8 30. 8 30. 5 30. 6 31.2 32.7 32.9 32.5 32.6 33.5
21 5 21 8 22 0 '>? 6 22. 6 22. 7 22. 7 23. 1 23.0 23. 1 23. 1 24 0 24
&-*.. 2ii 24. 2 24. 3 24. 8 24. 7
50.5 52.1 51.9 52.4 54.3 55.1 54.7 53.7 53. 3 53.4 54.4 55.2 56.6 56.9 57.2 57. 6 57. 9
28.9 30.2 29.8 30. 1 31.8 32.2 31.8 30.9 30.3 30.2 31. 1 31 5 32.4 32.6 32.7 33. 0 33.2
21.5 21.9 22.1 22.3 22.6 22.9 22.9 22.9 23.0 23.2 23.3 23.7 24.2 24.3 24.4 24.6 24.7
Sales, total for quarter
Unadjusted
15
|
1
1
!4,
2(1
i20
r,
%
77
78
22
:i
3
2
1
1
cember 81 estimate has also been revised
slightly downward to $57.6 billion. Expectations for March 31, 1963 place
inventory book values at a record $f>8
billion—up $1% billion from a year
earlier.
Durable goods producers account for
about two-thirds of the expected inventory increases in the current quarter and
the first 3 months of 1963. The projected stock additions, given the expected stability in sales will result in a
minor increase in the stock-sales ratio
for the heavy goods group. The ratio
in the first quarter 1963 is expected to
be slightly over 2, a relatively low rate
which has characterized this group
since late 1961.
The rather small changes in inventories contemplated by nondurable
goods producers are quite characteristic of stock movements for the group.
The anticipated changes in the current
and following quarter would raise t h e
March 1963 book value of inventories
for the group to $24.7 billion or $K
billion higher than a year earlier.
This total together with the expected
sales rate in the first quarter would
yield a stock-sales ratio of 1.4. This
rate has been unchanged since the
third quarter of last year.
Appraisal of inventory condition
85.4 93.0 87.9 90.0 92. 5 93.2 89.7 89.5 86.4 93.1 92. 5 96.8 96. 6 101.8 98.8 102. 1 99.2
41.9 48.2 41.0 43. 1 45.9 46.0 41.7 42.6 39.7 44.9 42.9 47.0 47.0 50. 5 47. 0 50. 0 47. 9
43.5 45.4 46.9 46. 9 46. 6 47.2 48.0 46.9 46. 6 48.2 49. 5 49.8 49.6 51. 3 51. 9 52. 1 5L 3
Seasonally adjusted
All manufacturing:
Durables
Xoiidurables
80
80
Low
75
64
64
68
Seasonally adjusted
All manufacturing
Durables
Xoiidurables _ _
14
About
r it.' lit
20
29
21
25
Unadjusted
All manufacturing
Durables
Xoiidurables
Ilijrh
6
11
Inventories, end of quarter
All manufacturing
Durables.-\~ond ural )les
Low
Source: U.S. Department of Commerce, Office of Business Economies
1960
IV
«
About
rieht
76
71
71
72
[ Billions of dollars]
I
High
18
23
18
23
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
19 59
Nondurab <>
Durable
About
Low
ritrht !
i
]
85.8 92.3 89. 9 89. 1 93.5 92.8 90.7 88.0 87.2 91.7 93. 8 96. 3 98.1 99.9 100. 4 101. 0 101. 5
41.8 46. 5 43 5 42.5 46 3 45. 0 43.6 41. 5 40. 2 43. 4 44. 8 46. 5 47. 8 48.7 49. 0 49. 1 49 ()
43.9 45 8 46 4 46 6 47 2 47 8 47 1 46 5 47. 1 48. 3 49. 1 49.' 8 50.3 51. 3 51. 4 52. 0 52. 5
1. Anticipations reported by manufacturers in X'ovember. Inventories have been corrected for systematic tendencies in
anticipatory data.
Source: U.S. Department of Commerce, Office of Business Economics.
In each of the anticipations surveys,
manufacturers have reported their evaluations of their current inventory
condition in light of sales and unfilled
orders positions. Evaluations as of
vSeptember 30 indicated relatively little
(Continued on patje 13)
The Balance oi International Transactions
Developments in the Third Quarter
CURING the third quarter of 1962,
after adjustment for seasonal variations, the decline in our international
reserves and the rise in our liquid liabilities to foreigners totaled about $720
million, compared with about $490 and
$225 million during the first and second
quarters of this year. For the first
three quarters of this year, the adverse
balance of about $1,440 million was at
an annual rate of $1.9 billion, somewhat less than the average rate of
about $2.5 billion for 1961 as a whole.
During the first half of this year receipts were increased by as much as
$600 to $700 million by transactions
associated with the Canadian exchange
crisis, by advance debt repayments by
foreign countries in the second quarter
amounting to $76 million, and the return flow of $100 million of very shortterm bank loans at the beginning of the
year. On all other transactions, the
half-year balance was about $1.5 to
$1.6 billion.
During the third quarter the balance
was favorably influenced by further
advance debt repayments—$473 million received from France and Italy—
but adversely affected by the reversal
in the Canadian exchange developments
following the measures taken by the
Canadian Government at the end of
June to halt the loss of reserves and to
rebuild them again. During the third
quarter, U.S. dollar holdings of the
monetary authorities of Canada increased by over $600 million, and most
of that rise seems to have resulted from
transactions with the United States.
about $360 million in the preceding
quarter. This shift in the balance on
recorded transactions of nearly $600
million accounts for about half of the
shift in Canadian reserve movements
during that period (omitting the stabilization loans obtained from the IMF,
the United States, and the United
Kingdom). The other half of the shift
in inadian reserve movements cannot
be accounted for through U.S. transactions for which records or estimates
are available at this time.
The large rise in net payments on
unrecorded transactions with all areas
from about $60 million in the second
quarter to $440 million in the third
probably can also be attributed to
transactions with Canada. Under this
assumption, about $1 billion of the $1.2
billion shift in Canadian reserves would
have been due to transactions with the
United States, and such transactions
may have accounted for an even larger
share of the $600 million rise in Canadian reserves in the third quarter.
Thus, the adverse effects of the Canadian exchange developments on the
U.S. balance of payments during the
third quarter may have exceeded somewhat the favorable effects of the
advance debt repayments.
Omitting both of these factors, the
overall balance on our foreign transactions would have been adverse by somewhat under $700 million, and thus perhaps slightly improved compared with
the average quarterly rate of $750-800
million in the first half of the year, if
similar adjustments for the Canadian
developments and special transactions
are made.
Swing in balance with Canada
There is a difference, however, beRecorded transactions with Canada tween the two phases in the Canadian
during the third quarter indicate net developments and their effects on the
payments by the United States of $230 U.S. balance of payments. While the
million (main table, memorandum line decline in Canadian reserves during the
II), compared with net receipts of first half was a development which had
to stop sooner or later and thus was
clearly temporary, the limits to the
recovery of Canadian reserves are much
less certain both in time and in quantity.
It is not possible, therefore, to consider
the effects of this phase on our balance
of payments as tempora^ with the
same degree of certainty as could be
done with respect to the earlier phase.
The effects of the various measures
taken by the Canadian Government
to prevent the erosion of its reserves
and to change the pattern of Canadian
transactions with the rest of the world
are difficult to evaluate—particularly
the devaluation of the Canadian currency, the restrictions on imports and
the tightening of domestic credit.
Some of these measures, particularly
the restrictions on credit, have been
relaxed already, but the effects of the
devaluation will be felt for some time
to come.
The fast rate at which Canadian reserves increased during the third quarter
could not be expected to continue,
however, and some slowdown occurred
during the fourth quarter.
Trade and services
Among other developments having a
major bearing on the balance of payments during the third quarter was a
decline in exports (reversing in part the
exceptionally fast rise in the previous
quarter), the continued increase in
imports, and maintenance of the relatively low rate of capital outflows
comparable to that in the second
quarter of this year.
Both exports and imports were
probably raised in September by anticipations of a strike in the shipping industry which started on the first of
October, but was quickly suspended.
The sharp increase in seasonally adjusted exports from August to Septern-
December 1962
ber followed by a sharp decline in
October, and similar, although not
quite as pronounced, movements in
imports seem to indicate that shipments
in both directions were speeded up in
September.
Without this speedup in shipments
exports may have been $100-150 million
smaller, and nearly $300 million under
the second quarter figure. The effect
on imports may have been around $50
million.
Exports financed by Government
grants or capital flows appeared to have
been up during the third quarter,
particularly to India and Pakistan.
Other exports were about $4.5 billion
during the quarter, about the same as
in the last quarter of 1961 and the first
quarter of 1962, but lower than in these
periods if adjustments were made for
the influences of the expected shipping
tieup.
The decline in exports appears to
have been particularly pronounced in
agricultural goods. Shipments dropped
from the previous quarter, after seasonal adjustment, by about $100 million, particularly in grains, and vegetable oils and oil seeds. Grains exports
were high in the preceding quarter as a
result of special conditions in Europe
and Canada and the decline was expected. The continued lag in cotton
exports in the September quarter reflects domestic price policies which
have had the effect of permitting other
cotton exporting countries to dispose
of their stocks first. Later in the
season, our exports may be expected,
therefore, to rise again. Another factor
contributing to the export decline was
the tailing off in deliveries of airplanes
as the backlogs are run out.
A decline in nonagricultural exports
to Canada may have been the result of
the devaluation of the Canadian dollar
and the increase of import duties. The
effect of these changes appears to have
been relatively small, however, during
the third quarter and third quarter
experiences may not yet indicate the
full impact of these measures.
Nonagricultural exports to Europe
and Japan combined were approximately the same as in the first and
second quarters of the year. The
buildup of productive capacity, parDigitized GGG511—62for FRASER
SURVEY OF CURRENT BUSINESS
9
Table 1.—Analysis of U.S. Balance of Payments, Seasonally Adjusted, Excluding Military
Grant Aid
[Millions of dollars]
Calendar year
1961
1961
Jan .-Sept.
1962
1961
I
II
19(2
I
III
III
IV
31,317 31,805 23, 183 24, 658 7,690 7,411
8,082
8,622 8, 283 8, 093
8. 282
11, 723 14, 514 10, 626 12, 082 3,369 3,417
3 048 2 947 2 225 2 228 770 756
5,417 5,462 4,034 4,313 1,309 1,337
842
678 221 221
878
658
3, 405 4, 051 2,860 3,217 962 804
3, 840
699
1,388
216
1, 094
3,888 3, 920 4, 032
4, 130
730
1.473
221
I. 118
19(50
11
Transactions other than changes in official
monetary assets and in liquid liabilities
U.S. payments (debits) recorded _ _
_ _
Imports:
Merchandise
Military expenditures
O ther services
Remittances and pensions
Government grants and capital outflows
Transactions involving no immediate dollar
outflow from the United States
Dollar payments to foreign countries and
international institutions
U S private capital
Direct
investments __
- Lon <T -term portfolio
Short-term
_
_ __
746
1,428 1, 390 1,450
220 234 223
1, 191 1, 040 1,059
2,170
2, 768
2,001
2, 437
660
550
791
7(>7
809
8t>7
I 235
3,882
1, 694
850
1,338
1, 283
3, 953
1,475
1,006
1,472
859
2,780
1, 155
532
1,093
780 302
2,140 1,059
930 457
818 120
392 482
254
876
269
218
389
303
845
429
194
222
424
1,173
320
474
379
279 250
947 583
230 400
397 284
320 -101
010
300
137
173
27, 984 29, 946 22, 332 23, 743 7,400 7,953
U.S. receipts (credits) recorded
Exports:
19, 459 19, 915 14, 769 15, 572 5, 061 4,768
Merchandise
Financed by Government grants and capital - 1,798 2,183 1,688 1,784 559 4S5
335
406
417
71 150
309
Military sales
___
2,873 3, 303 2,411 2, 667 847 768
Income on investments, private
94 120
349
359
379
284
Income on investments, Government
3, 997 4, 063 3,015 3,272 996 1,022
Miscellaneous services
6,979
7,614 7,685 8,001
8, 057
4, 940
594
88
796
70
997
5, 146 5, 063
595 575
97
96 153
892 912 910
95 114 142
1,048 1.067 1. 121
5, 170
(i5f>
168
845
103
1.084
Repayments on U.S. Government loans
Foreign capital other than liquid funds
Private liabilities
Government liabilities
Excess of recorded receipts (credits) or payments (debits) (—)
_
On goods, services, remittances, and pensions.
On Government grants and capital assets..-. _ _
On Government nonlicjuid. liabilities
On private direct and long-term portfolio investment
On private short-term investments
Unrecorded transactions (net)
636
335
335
11 SS
1, 274
606
606
riss
1, 065
479
479
nss
979 133 851
477 198 274
131 198 274
346 nss nss
2
Total excluding special transactions
nss
209
127
127
riss
143
290
166
124
220
116
6 If*
114
-37
108
-3,333 -1,859 -851 -915 -290 542 -1,103 -1,008 -598 -92
2, 983 4,265 3, 245 2, 986 1, 400 1,097
748 1, 020 956 1.214
47 -1,013 — 982 — 897 -839
-2, 769 -2, 777 -1,795 -2, 238 -829
nss 124 114
nss
nss
346 nss nss
nss
nss
-225
8 Iff
-2,114 -2, 015 -1,344 -1,540 -455 -286
-1,433 -1,332 -957 -469 -406 -316
-603
-235
-474
-29 -366
193
-592
-602
-202
-522
Total net receipts (+) or payments (— ) equals
changes in official monetary assets and in
liquid liabilities (increase in net liquid
assets (-J-), decrease (— )) L - - _ _ _ _
-3,925 -2,461 -1,053 -1,437 -319
Major special transactions
81
7
"•$
-524
129
649
176
-3,401 -2,590 -1,702 -2,086 -319 -548
10h
106 -134
-m
-910 -1,408 -492 -226
-7 IP
724
649
-071 -467 - 599
18
-375 -314
-50:'
-400
-520
-835
47H
100
-888 -592 -302 -I S 192
Quar ters not season illy a< Ijusto
Changes in gold and convertible currency holdings of U.S. monetary
authorities and in
liquid liabilities 3
Gold (sales -{-, purchases — )
Convertible currencies (purchases (— ))
Liquid liabilities, total (decrease (— )) ]
3,925
2,461
1,128
1, 702
"2,223
857
-115
1,719
347
-61
842
1,512
308 -89
909
866 371 -170
-333 -25 — 160
979 -38 241
146
124
639
312
738
303 117
-113 -324
877 972 519
446
104
188
529
44
625
331
93 -657
485
40 — 481 760
53 -176 — 275
294
453
-159
-218
1,333
462
510
By foreign holders:
Monetary authorities and institutions
International Monetary Fund
Foreign central banks and governments,
total
\s reported by U.S. banks
Other
1,862
741
517
-135
112
-447
734
612
36 -329
25
11
405
-483
1 121
1, 059
62
652
702
— 50
559
662
-103
122
732
—610
11 -340
12 -242
— 1 -98
888
892
-4
Foreign commercial banks
Other international and regional institutions
Other foreigners and undetermined
104
615
549
-45 -19
414
154
66
429
395
-138
461
126
165
16
92
61
198 -116
28
128
76
4
296
110
206
57
6
240
— 120
— 99
1,243
1, 222
1,165
-382
543
526
57
152
627
127
162
-125
505
-55
-506
315
-90
2,283 -155 —293
— 58
-716
206 -94
203
-345
— 8 -51 -31
35
36
100
36
36
-35
-13
By types of liabilities:
Deposits in U.S. banks
U.S. Government obligations:
Bills and certificates 4
Bonds and notes
Other
Bankers acceptances, commercial paper, etc.-.
Liabilities pavablc in foreign currencies
Other liabilities
n
6
96
15 -174
102 _2
22 -1
84
46
6
55
-57
1
405 -420
312 237
99
-633
381 469 706
190 -2S3 — 240
35 -115 -115
1,108
-193
— 115
68
—7
8
-64
135
41)
30
11
32
(i
nss. Not shown separately.
1. Beginning with the first quarter of 1962 excludes changes in specified Government liabilities shown separately above,
2. Includes major nonrepetitive transactions which have major effects on quarterly changes in net payments or receipts.
The figures include the following items: II 1961 advance debt repayments, including shifts from the following Quarter; III
1961 short fall in debt repayments due to forward shifts; IV 1961 subscriptions to international organizations of $172 million,
a very short-term outflow of funds over the year-end estimated at $100 million, exceptional concentration of large long- and
short-term bank loans of about $250 million, and advance debt repayment of $40 million; 11962 return flow of very short-term
funds estimated at $100 million; II and III 1962 advance debt repayments; I, II, and III 1962 for effects of Canadian developments see text discussion.
3. Corresponds to line 48 in Balance of Payments table, p. 12.
4. Includes noninterest bearing notes held by the International Monetary Fund and other international and regional
institutions; beginning in 1962 includes only changes in holdings by the IMF of such notes.
SURVEY OF CURRENT BUSINESS
10
ticularly for steel and other industrial
materials, ahead of the current growth
in demand started to affect our exports
of those, products some time ago, The
excess capacity which has developed in
these industries and the slower rate of
new investments in these as well as
other industries may also affect our
exports of producers goods. The time
lags between industrial development,
orders for equipment, and final deliveries are considerable, however, and
the full effects of these developments
mav not become evident until next
year. Some early indications of these
developments may already be noticeable, however.
The third quarter exports of machinery to Europe and Japan were still
higher than a year ago, but the decline
from the second to the third quarter
was considerably larger than a year
earlier. Foreign orders for machine
tools were also somewhat less than a
year ago. The slowdown in the foreign
demand for industrial materials and
investment goods is likely to be cyclical,
however, and can be expected to be
Table 2.—U.S. Balance of Payments by Major Components,1 Seasonally Adjusted
(Millions of dollars)
01
1902
.
1901
1
11
111
5,001
4,708
4,940
55!)
435
594
IV
1
!
!I"
I I I. P
Goods and Services, Government
Assistance and
Long-Tenn Capital Accounts 2
A.
B.
1. Nomnilitary merchandise exports- ...
.
2.
Less those financed by Government
grants and capital
3.
Merchandise exports, other Mian those
financed by Government grants and
capital
4 \'o'~ 1 inilitary merchandise imports
5. Balance on trade excluding exports financed
bv Government grants and capital
0.
Nomnilitary service exports
7.
Less those financed by Government
grants and capital
8.
Service exports, other than those finance* 1
by Government grants and capital.. . .
9.
Nomnilitary service imports
5, 170
554
655
4 340 i 4 551
4 4SS ! 4 785
17 732
4 502
4 333
>:
— 14 514 —3 309 —3 417 — 3 840 —3 888 > — 3 9 >0 :_.j. 03-.)
i 515
—4 130
2. 183 i
5. 140
!
!
:),218
7,745
391 !
1,133
1,937
916
1.1)10
SO
92
5,()03 !
595 !
575
50G
1.803 1
(Ili3 :
2.035 :
5B8
2.093 ;
753
2, 173
385
2,032
'
1()S
j 20 i
130
138
105
7,351
1.851
1,818
1,891
1.75S
1,927 ! 1,907 j 2,037
-5.402 -1,30!) -1,337 — 1.3SS — 1 , 4 2 8 —1.3i:() 1-1,450
-1, 173
10. Balance on services other than those rendered under Government grants and capital.
1,892 \
542
481
!
587
421
11.
5,110 !
1, (575
1,397
87G i
1,162
1,115 1
1,340
806
_•_> <j47
—77o
_7,--ji
00
150
— 699 '
S7 !
— 7' ; '- >
95
— 75''
221
—7-10
241
— 730
39S
-1.2SH
-302
-254
-303
—421
-279
-250
-251
123
828
5!)
—2 4S1
—577
—487
— 0';3 •'
— 794
i
400
-878
122
-221
201
-221
20
— 210
123 ;
-220 i
:
1.
2.
3.
4.
5.
6.
7.
8.
9.
Balance
Other major transactions
-Military expenditures
Military cash receipts .....
Government grants and capital — dollar
payments to foreign countries and international institutions
Inpayments on U.S. Government loans,
excluding fundings by new loans
U.S. direct and long-term portfolio investments abroad
Foreign direct and long-term portfolio
investments in the United States
Remittances and pensions
Changes in Government liabilities 3
Balance on Goods and Services, Government
assistance and long-term capital account
D.
Recorded U.S. private short-term capital
outflow less foreign short-term credits to
the United States (excluding foreign liquid
dollar holdings) _ _ . .
.
E.
1, 199 i
Unrecorded transactions
-5,520
-1,559
-416
116
-1,443
.
G. 1. Overall balance, actual (not seasonally adjusted) *
3.
I
499
577
1.S9 :
10!)
191
597
—027 i
—084
—437
100
—234 |
-1
S5
—223
-2
—'-"21
-539 -1,675 -1,753 j - 1,403 -1,388
858
-799
-591
-258
-48
-853
-17
Equals: Changes in liquid liabilities to
foreign private holders, including
banks and nonmonetary international and regional institutions
(increase — )
Plus: Changes of holdings of gol< 1 an< I
convertible currencies by U.S.
monetary a u t h o r i t i e s ( d e crease—) and changes in U.S.
liquid liabilities to foreign
and international monetary
authorities (increase—)
—602
-2,461
. . . ..
-2,461
-1,202
-1,259
-406
-316
—29
— 366
-319
-11
-308
74
-382
— 304
—417
—44
-178
100
-134
-494
-1.408
-75
-492 i
-30
-226
86
-719
87
-910
-1
89
-909
-1,333
-462
-312
-738
-570
-234
-472
-692
10
437
659
— 675
—861
—322
-1,175
176
193 !
-400
—340 i
230 i
19
1. Excludes military transfers under grants. '•Revised.
p Preliminary.
2. Short-term capital movements between parent companies and their foreign affiliates are reported as part of direct
investment.
3. Excludes liabilities associated with military transactions and Government assistance operations.
4. Increase in U.S. liabilities and sales of gold (—), line 48, table 4.
reversed again. For the longer run;
rising costs and prices abroad should
improve our competitive position if
our prices can be kept stable. This
should provide us with the opportunity
to expand exports and to counteract
foreign advances on domestic markets.
A more detailed discussion of recent
developments in foreign trade may be
found in the foreign trade article in this
issue.
Services transactions in the third
quarter resulted in somewhat larger
payments and lower receipts, principally as a result of changes in international travel between the United
States and Canada. The devaluation
of the Canadian dollar appears to have
stimulated travel by U.S. residents to
Canada and the same factor—as well as
restrictions imposed by the Canadian
Government on the amount of duty free
goods which Canadians could take back
have reduced Canadian expenditures
here.
Income on investments was also less
than in the previous quarter, when
dividend payments to American companies from their Canadian subsidiaries
were speeded up, perhaps in anticipation of restrictions or further devaluations. Income on direct investments in
Europe was also lower in the third
quarter than a year ago, bringing the
decline for the three quarters of this
year from the corresponding period of
1961 to about 7 percent.
In part offsetting these adverse developments was the continued rise in
sales of military equipment through the
Department of Defense, and somewhat
smaller military expenditures abroad.
Capital
1. Overall balance, seasonally adjusted
2.
Less seasonal adjustment
2.
370
_
Balance
C.
F
5,339
19, 915
December
outflotvs
The net outflow of private U.S.
capital during the third quarter was
approximately $600 million, about the
same as in the previous quarter. For
the first three quarters of this year the
net outflow was $2,140 million, or $2.9
billion at an annual rate—roughly $1
billion less than the capital outflow in
each of the years 1960 and 1961.
Comparing the first three quarters of
1962 with the corresponding period of
1961, the decline occurred in capital
outflows to Canada, Latin America, and
the Far East. In the latter area, it was
mainly in "short-term" bank loans,
December 1002
principally to Japan and to a lesser
extent to the Philippines; capital
outflows to Europe were higher in 1962.
In the third quarter, however, capital
outflows to Canada increased to an
amount slightly above that in the corresponding period of 1961, while capital
outflows to Europe fell below those a
year earlier. The decline to Europe was
in direct investments, apparently reflecting lesser needs by American subsidiaries for working capital. The increase
to Canada was partly in direct investments and partly in short-term capital
outflows. The latter may have been
due to the high interest rates established
by the Canadian authorities last summer as one of the measures to defend the
exchange value of the Canadian currency. In September and the following
months the rate was reduced again, and
the outflow of short-term funds may
have diminished, but outflows through
purchases of longer term securities took
their place.
It remains to be seen whether the
decline in incomes from direct investments in Europe and the recent decline
of capital outflows to that area are
interconnected and related to the somewhat slower pace of economic expansion
there. It may be significant that the
decline in capital outflows was primarily
to the United Kingdom and Germany,
where actual or planned investments
have declined more than in the other
major countries of Europe.
Direct investments in the Latin
American republics again showed a net
inflow to the United States in the third
quarter, resulting in an aggregate net
inflow of $37 million for the first three
quarters of the year. As in the earlier
part of the year, the outflow in the
manufacturing sector remained sizable
amounting to some $90 million, but was
offset by inflows from other industries.
Because of tax payments sizable outflows to this area may be expected for
the fourth quarter.
Capital flows to sterling area countries
in the rest of the world have also been
highly variable this year, largely because
of the financing of oil shipments. A
small inflow of capital from that area
in the first quarter was followed by an
outflow to these countries of nearly $140
million in the second quarter, but only
SURVEY OF CURRENT BUSINESS
11
a minor outflow is so far expected for concerns, on the basis of partial data,
the third.
appear to have extended some longerBecause of the important element of term credits to Latin America and Asia.
Recorded short-term capital outflows
short-term financing which is part of
the capital flow between U.S. companies rose somewhat in the third quarter, but
and their foreign affiliates, it is difficult not to significant proportions. Banks
to separate longer-term trends from the reduced their short-term credits on balsharp quarter-to-quarter changes.
ance, especially in Latin America, Japan,
and the Philippines. On the other
Long-term private portfolio investments were relatively minor in the hand, preliminary data on short-term
third quarter, aggregating about $100 credits and liquid investments abroad
million. New issues of foreign securi- by non-financial concerns indicate a
ties, mainly for Japan and Canada, were substantial flow, largely to Canada, in
about $135 million, less than half the the third quarter.
To facilitate analysis of Government
second quarter total. Since September,
however, large issues have been sold in capital transactions, changes in certain
the United States by Canadian arid liabilities which are not included among
other borrowers, so that the total U.S. liquid liabilities are now shown sepapurchases of new foreign issues for the rately for 1962 in line 45A in the main
year may approach the 1958 postwar table and also in table 1.
high of over $900 million.
These liabilities include foreign funds
Loans by banks of over 1 year dura- committed for military purchases, funds
tion were negligible overall, with a mod- transferred to foreign countries under
erate outflow to Latin America more assistance programs for subsequent purthan matched by maturing loans in chases of U.S. goods or services, funds
Europe and Asia. Commercial con- held here bv certain international orTable 3.—U.S. Short-Term Private Capital, 1960, 1961, and First Three Quarters 1962, by
Country and Type
[Millions of dollars]
1959 1960 1961 Sept
1962
Total reported by U.S. banks J
By type:
Commercial and financial claims payable in dollars
Foreign currency deposits and claims.
'
Other countries, total
Japan
Latin \merican Republics
Others
666
121
273
272
971 1,140
245 181
305 422
421 537
968
163
362
443
488
178
566
405
614 -74
354 -10
667
473
-84
-9
-49
-26
II
III IV
I
37 417 432 356
119 185 85 54
69 83 -19 -78
24
5 52 64
26 97 52 68
49 63
70 122
40
45
...
Claims payable in dollars
Foreign currency deposits and claims.
Claims payable in dollars
Foreign currency deposits and claims
159
III IV
1 547
64 155 106
125
—1
III
175 -100 -89
43 393 231
5 27 -11
na -13
271 612 1.014
50 '272 200
120 153 238
101 187 576
8
1 125 52 120 123 175 36
na
6 -54 -37 12
na 18
79 15 107
11 -4 18
na -5
50 -20 39
9
108 179 93 -43
35 41
na -12
217
54
397
215
802
212
na -19
na 20
434
518
585
388
40
4
497
88
£
1.1
17
12
-3
8
45 -106
420 220
157 236 -18 -46
28 -53
10
153
35
110 -26
705 1,130 1,599
145
I
35 -47 127 -45 -145
20 -4 -19 -9
12 -44 85 -29 -27
3 -109
25 -23 46
1,933 2,623 3,516 3,729 188 -82 232 347 302 124 48
324 806 1,445 4 1, 682 96
77 163 146 263 203 16
1,147 1,328 1,447 1,423 85 -150 39 202 24 -129 72
624
462 489 624
50 -40
7 -9 30 -1 15
Total reported by non-financial concerns
Other countries, total
II
31
76 -6 12
59 -139
19
35 -41 —41 115 -104 — 6 -14
By type:
Commercial and financial claims payable in dollars
1, 919 2, 569 3,447 3,657 188 -85 195 352 317
14
3 37 — 5 -15
Foreign currency deposits and claims.
54
72
69
Major financial centers, total - .
United Kingdom
EEC and Switzerland.. . _ _
Canada
1962
Changes - quarterly (decreases ( — ))
2,599 3,594 4,656 4,697 104
Major financial centers, total
United Kingdom
_ _.
EEC and Switzerland
Canada
_.
1961
1960
Amount outstanding
end of period
170 116 -20
137
40 -114
8
-3 ' 150
113 -22 s 127
4 -29 s 20
15 5—10
50
67 -8 5 117
96 -11
17 -11
na
na
54 54
71 -2
65
55
na -14
20
12
35 -17
-5
80 -28
24
19
523
na -12
na -2
20
12
29 -14
6 -3
—6
1
61 -35
19
23
1
1
18
na
na
71 197 50 46
52 —22 -14 -38
na. Not available.
1. Excludes Exchange Stabilization Fund holdings.
2. Changes adjusted for variations in coverage and therefore do not correspond exactly to changes computed from reported amounts outstanding.
3. Excludes $370 million held pending direct investment.
4. Reflects major portion of expanded coverage.
5. Estimated on the basis of partial preliminary reports.
SURVEY OF CURRENT BUSINESS
12
December 1 .)(>__:
Table 4.—L nited States
(Millions of dollars)
Western Europe
All areas
Line;
Type of transaction
1961
I
1 Exports of goods and services
2
3
4
5
6
7
8
9
10
11
12
Goods and services transferred under military grants, net
Goods and services excluding transfers under military grants
Merchandise, adjusted, excluding military
Transportation
Travel
Miscellaneous services:
Private . .
Government, excluding military
Military transactions
Income on investments:
Direct investments
Other private
Government
_
20
21
Imports of goods and services.
Merchandise, adjusted, excluding military
Transportation
_ _
. _ _
Travel
Miscellaneous services:
Private . __
.
_
Government, excluding military
Military expenditures
__
Income on investments:
Private
Government
22
23
Balance on goods and services
Excluding transfers under military grants
13
14
15
16
17
18
19
24
25
26
27
28
29
30
31
82
83
,14
35
36
37
38
39
40
41
42
43
44
45
46
Excluding military transfers
__
Private remittances
Government:
Military grants of goods and services
Other grants
Pensions and other transfers
_
_ ._
U.S. capital, net [increase in U.S. assets (— )]
Private, net
Direct investments, net.
_
_
New issues of foreign securities
Redemptions
Transactions in outstanding foreign securities
Other long-term, net
Short-term, net.- -
. _ __.
Government, n e t
_____ __. .
Long-term capital
Repayments
_ ___
Foreign currency holdings and short-term claims, net [increase (— )].
Foreign capital, net [increase in U.S. liabilities (-f-)J
Direct investments in the United States
Other long-term investments
Other capital excluding liquid funds:
A. U.S. private short-term liabilities __
B. U.S. Government liabilities
. _._
Increase in foreign holdings of liquid dollar assets _ _ .
6, 903
247
6,656
4.673
429
308
7,378
383
6,995
5, 015
429
204
301
39
71
316
39
150
289
40
88
324
41
96
353
45
153
337
47
168
117
14
101
107
14
61
141
15
118
612
143
64
591
160
91
611
158
60
630
187
69
694
200
128
620
200
93
98
37
48
106
35
17
107
45
59
5,276
3,400
427
275
5,595
3, 458
537
454
6,078
3, 682
555
668
5,882
3. 946
451
300
101
88
770
102
77
756
115
151
699
109
82
752
107
75
746
108
147
730
57
19
397
57
20
353
59
20
395
60
21
369
146
69
146
65
140
68
162
80
159
84
150
86
98
36
87
38
96
47
91
48
1,868
1,544
1,900
1,357
825
578
1,496
1,113
2,186
1,488
na
639
528
283
107
23
596
334
na
148
29
29
-880 -1,131 -1,384
na -412
-633 -748
-686 -659 -167
-157 -161 -163 -160 -79
-245 -436
na
-161 -174 -153
-84 -80
-8
-8
—6
— 543 — 247 — 383 — 698 na — 245
-488 -420 -520 -465 -441 -62
-60|
-56
-58 -58 -26
1
-540-1,104 - 1, 268 - 1, 166 -345
430
-955J -637 -866
-720 -355 -209
—324! —341 — 19(5 -496 — 189 — 133
93
— 87 -163 -313 -134
— 187
1
28
23
59
1'J
50
-15
-53
— 83
3 -31
— 58 — 162
-33 —26
-37
— 355 -117 -312
141 -61
3
-84 — 262
na
-62 -61 -46
24 -29
-1
-324
-478!
-621
51
-461
-383
-409
103
415 j -467
-308 -538
84
826
-103
-13
-402
-483
130
-49
5
160
20
102
515
32
169
646
76
73
nss
-38
nss
241
-13
nss
639
6
124
1
135
Gold and convertible currencies, purchases (— ) or sales (+) by
monetary authorities.
346
-330
270
190
48
Reduction in gold and convertible currency holdings (line 47) and
increase in U.S. liquid liabilities (line 46).
308
-89
909
462
49
Errors and omissions and transfers of funds between foreign areas
[receipts by foreign areas (— )], net.
16
243
151
II
III
Memorandum items:
Increase in reported
total foreign gold reserves and liquid dollar
holdings.2
Through estimated net receipts from, or pavments (— ) to. the
United States.s
Through other transactions 4
III
7,495
543
6,952
4. 922
428
255
II'
47
I
III P| II
7,144
324
6, 820
5. 012
389
189
-1,372
-989
— 441
-107
44
-_
I
III
-296
III
8,504
na 2,556
698 na 245
7,806 7,126 2,311
5, 497 4.898 1.670
461 458 191
275 305
35
6,318 6,487 2,028
4,077 3,973 934
574 523 294
496 770 193
-446
10
-507 -489
212 585
-151 -86
635
639
II r [HI
94
45
30
1
6
2,094 2,316 2,252
25
22
994 1,137 1,073
300 347 309 (x)
1
245 215 281
26
21
1
3
25
21
1
2
-184 — 376 323
-136 -388 -112
— 701
—247
139
~! "
9
24
20 — 19 __0
91
10 -41
12 435
-90 — 62
16 114 513
3 -12 — 16
-48
-83
54
114 "108 nss
519 188 113
-18
nss
1,132
550 -362
370
738 -249
1,502
-1
(x)
-2
3
6
-11
182
1, 055
601
300
803
901
449
297
726 -756
135
280
154
152
3
77
76
832
1,902
337
1, 565
(x)
-2
3
9
2
473 —239
116 -375
136
40;
1
5
108
70
83
70
(x)
8i
lj
85|
11
1
75
11
1
ll!
7
74
32
35
45
7;
7
41
10
356
347
41
41
-9 -15 -12
-9 -6j -12
-l! -4
-1
i
-4
-8
-8
-2
na
-8
-6
-6
naj
g
r
-160 -27 -I78i
-160 -24 -178
-11 -64 -51
r i -112! -41
8
20;
39
Hi
5
-10
1| -5
120 j - 125
3 (x)
—3
3 (x)
-1
235 -16
(x)
3
3
—1
(x)
3 —4
nss nss
227 -15
244 585
28 -10
1
8
1
210
59o
-445
•j
227 -15 -2J5
-5
12 -220
3
-2
-12 i
7
12
15
-9
5 -12
i;
358
na I
358 -36
—9
—5 — 356
-3 -359
-44
-88
15
-38
—1
-211
r —
(x)
nss
41
1
11
27 984 1,218 1,160 1,344
21 738 825 899 885s
1 26
28
26;
26
4
87 236 100 296 1
j
3
88
60
500
435 -188
357
3
2
8
—25
9
-98
91
60
-6
1 -18 -2
i (x)
(x)
-64 -444 -507 -1,165 -319 -187 -15
303
-2
1
2 -13
5
-1
3
(x)
92 i nss
269
29
29
—6 -10
-10
-5 — 7
-9
-3
266 -631
39 — 8
37
83
166 -688
3
-2
438
III r
1
1
1
1
1
1 (x) (x) (x)
3
312
II'
2
2
2
133
3
41
38
14 (x)
(x) (x) (x) (x) (x)
13
142
9
6
1,117
-3
6
-207
III
III p j II
II r
I
|
1962
54
na
23
54
29 1,340 1,259 1,518
na
262 na
9
na;
2,117 2,650 2,400
54
54
23
29 1,331 1, 259 1,518 1,308
1,543 1,899 1. 664
43
19
43
23 966 883 1,122 938
36
1
30
196 233 233
2
31
35
3
3
130 150 130 135
33
38
45 (x) (x) (x) (x)
p-7
709
-8
II
i 1961
j
VO. 2,912
323
27
129
259
- lb
10 -IS
P\
\
Canada
1962
1961
1962
II
— 1 018 -1,249
-694 -706
-154 -158
__
1961
1962
Eastern Europe
147 -122 -366
249
7
599
132 1
242 -12f
-340
Q^I-
619
233
3*6
r Revised.
p Preliminary.
ria Not available.
nss Not shown separately.
x Less than $500,000.
1. Transactions with shipping companies operating under the flag of the Bahamas, Honduras, Liberia, and Panama are included in "unallocated."
2. Changes in reported total gold reserves of foreign banks and governments (including international organizations, but excluding the countries of the Soviet Bloc), net of convertible
currencies held by U.S. monetary authorities, plus liquid claims on the United States.
3. For "All areas" equals balance (with reverse sign) of line 23 (less net sales of gold by domestic sources to (-f-) or purchases from (—) the monetary gold stock of the United States),
plus lines 25, 30, 43, 44, 45, and 49. Domestic sales to (+) or purchases from (—) the monetary gold stock were in millions of dollars: 1961 I, —5; II —9; III, —8; 1962 I, —13; II, —15; III, —12.
4. Line I minus line II for all areas represents gold obtained by foreign central banks and governments outside the United States.
ganizations as reserves in non-interestbearing nonmarke table Government
securities, and other nonmarke table
Government obligations with original
maturities exceeding 1 year. In table
2, funds committed for military purchases
are included with military re
ceipts, and funds transferred to foreign
countries under aid programs but reserved for domestic purchases are omitted both from the debit and the credit
sides of the account.
The borderline between some of these
liabilities and some of those included
under liquid liabilities is not always
sharp, a characteristic which applies to
most classifications of transactions represented in the balance of payments
tables. It seems, however, that these
liabilities do not have the general characteristics of liquid liabilities, i.e. to
SURVEY OF CURRENT BUSINESS
December 1062
Balance of Payments by Area
(Millions of dollars)
1961
1962
1961
International institutions
and unallocated
All other countries *
Latin American republics
1962
Addendum, sterling area
1962
1961
1961
Line
1962
II
III
II r
nss
nns
1,080
729
81
20
nss
nss
1, 105
747
81
35
nss
nss
1,296
890
75
29
nss
nss
1,314
945
75
34
1
2
3
4
5
6
76
8
6
64
8
6
80
10
13
78
10
6
7
8
9
4
12
128
17
15
137
15
12
158
20
21
130
18
18
10
11
12
133
18
96
190
18
87
987
595
97
82
1,043
653
93
93
1,141
712
125
88
1,126
721
111
105
13
14
15
16
81
1
68
46
11
112
43
12
106
45
13
113
42
14
95
17
18
19
11
9
1 (x)
14
15
(x)
18
(x)
17
37
7
33
10
34
11
30
8
20
21
998
579
na
419
-62 -146
-62 -146
-66 -121
-66 -121
nss
93
nss
62
nss
155
nss
188
22
23
-466
-361
— 57
-821
-402
-56
na
-400
-56
-31
-31
-36
-36
-34
-34
-24
-24
nss
-122
-33
nss
-109
-30
nss
-152
-34
nss
-173
-32
24
25
26
-271
-354
-25
-105
-284
— 20
-419
-328
-18
na
-324
-20
-31
-36
-34
— 24
nss
-83
-6
nss
-73
-6
nss
-112
-6
nss
-136
-5
27
28
-121
2
13
(x)
3
2
—42
30
-584
-411
-54
-69
1
— 17
-8
-264
-347
-182
-103
"I
-36
-3
-6
-486
-218
-180
2
8
(x)
-7
5
10
34
33
21
-16
-12
20
-1
3
-34
-22
-29
—35
^2
28
-342
-35
-46
-75
6
-17
17
80
-205
-103
-84
—23
1
-17
4
16
-265
-194
-172
97
"l
-29
-8
41
-228
-131
-183
-11
1
4
9
49
-248
-85
-3
-18
1
—1
-14
-50
30
31
32
33
34
35
36
37
-165
-186
46
-25
-123
-116
33
-40
-173
-169
60
-64
-165
-261
33
63
-268
-230
44
g2
-307
-311
34
-30
-6
1
-71
-130
13
46
-97
-107
18
-6
-102
— 78
13
—37
-163
-183
12
38
39
40
41
191
-2
10
41
2
-9
-40
4
63
-227
(x)
4
6
-29
125
—5
8
-233
18
-33
-518
-29
— 37
42
43
44
5
19
-59
nss
34
nss
-235
-14
1
36
45 A.
45B,
-451
46
III*
II
III
III*
II
III
II'
na
na
1,254
806
58
87
2,212
271
1,941
1, 435
114
15
1,998
105
1,893
1,349
106
31
2,591
419
2,172
1,565
97
32
na
na
2,066
1,467
96
38
74
59
67
69
74
59
67
69
28
27
33
32
75
8
4
68
10
2
73
18
14
67
18
12
79
21
16
79
22
13
17
16
15
15
16
2
4
6
152
28
18
187
33
30
162
35
26
228
25
19
261
25
24
289
40
33
277
38
36
1
12
4
10
3
12
1,022
804
43
103
1,013
761
49
119
1,091
861
33
115
1,027
792
31
124
1,400
951
72
70
1,522
1,073
76
65
1,593
1,141
71
64
1,647
1,184
69
65
136
9
102
205
8
101
32
17
15
44
16
15
32
19
21
34
19
18
29
258
3
32
256
5
33
259
3
37
269
10
7
1
8
1
8
2
7
2
8
7
10
7
10
10
237
219
350
292
271
254
na
227
812
541
476
371
-77
-59
-16
-115
-57
— 16
-75
-58
-14
na
-65
-15
-706
-435
-56
-18
-40
-3
-58
-37
-4
-17
-40
-4
na
-46
-4
-23
19
-93
-449
-193
-1
1
2
-13
122
2
5
-63
- 136
-248
-83
—5
-20
(x)
j
-38
-19
-42
— 76
51
-j7
-256
-210
31
— 77
-152
3
14
III*
II
III
II r
1,259
18
1,241
808
63
75
1,363
58
1,305
879
68
89
1,362
17
1,345
868
60
80
65
7
6
59
8
4
173
26
18
(x)
20
9
-1
-15
II r
o
10
2
10
-3
(x)
III
-4
7
3
-2
-4
3
4
43 -417
85
220
2
3
4
58
23
24
1,019
-13
11
(x)
nss """82
-1 nss
123
40 -419
""216
28
nss
— 17
-2
nss
1, 023
5
-198
3
T>
nss
-176
nss
178
— 10
33
25
-6
8
-58
-9
29
34
12
44
9 -142
15
12
-224
55
105
120
47
-182
186
-33
-68
63
-201
48
167
49 -561
97
228
-241
1,078
-93
-331
48
15
69
8
386
530
297
154
39
707
16
-65
400
-762
353
631
49
-192
175
-36
-161
201
36
21
-31
-26
-171
109
254
46 -855
94
281
-280
738
20
-376
I
-60
449
329
345
321
79
138
98
151
159
316
260
300
II
-52
-449
-500
-236
-67
-33 -993
-4
130
-439
422
—240
-676
III
-112
constitute directly or indirectly an immediate claim on our reserves, and to
be freely useable by the foreign holder
for international payments or quickly
convertible into monetary assets with
a minimum risk of loss in value. Separating these liabilities from those of
nonfinancial corporations permits analysts to make various combinations of
balance of payments data and to derive
alternative interpretations of balance of
payments developments.
Gold transactions and changes in
foreign reserves
Gold sales during the third quarter
were relatively large, amounting to
nearly $450 million. In addition over
$100 million of convertible currencies
were liquidated during that period by
U.S. monetary authorities.
13
The large sales of gold coincided with
a rise in private demand for gold
abroad. The latter may have been associated with the decline in demand for
U.S. and European securities following
the drop in security prices at the end of
the second quarter.
The amount of gold absorbed by private buyers in the second and third
quarters of this year was the equivalent
of a very large part of gold newly mined
during that period. (See main tableT
memorandum line III.)
In a longer-run evaluation of the international payments pattern it is important to note, however, that changes
are taking place among the countries accumulating gold and liquid dollar assets. Some of the countries which in
previous years had the largest accumulations such as Germany, Italy, the
Netherlands, and Switzerland, either
have stabilized their gold and dollar
holdings or had to sell some of these
reserve assets. France was still among
the major countries adding to its reserves. In addition, several smaller
countries were among those with rising
reserves, including Austria, Spain, and
Sweden, and Japan recovered some of
its losses sustained in 1961. The country having the largest gains during the
third quarter was Canada, however.
Manufacturers' Expectations
(Continued from page 7)
change from the June 30 or March 31
positions.
Among durable goods industries, producers holding 18 percent of total inventories for the group considered their
stocks as "high"—the same proportion
as on June 30 and a little lower than
on March 31. Except for the second
half of 1961 this percentage is lower
than at any other period since this
survey began in late 1957. The "about
right" category stood at 81 percent
(see table).
The percentage of nondurable goods
inventories considered "high" was
somewhat smaller than in the durable
goods group—11 percent. The proportion is about in line with recent
quarters but smaller than in earlier
periods. More than 85 percent of
soft goods stocks are evaluated as
"about right."
By MARIE BRADSHAW AND MAX LECHTER
Foreign Trade Expanded in 1902
Merchandise Export Surplus Large But Below 1961 as Upswing in Imports Accompanies GNP Advance
A Detailed Survey of U.S. Exports, 1959-62
JL HE review of the balance of international payments in a preceding section of this issue has indicated the
shifts in merchandise and other transactions which have produced an improvement in our international interdiange in 1962, and has analyzed the
varied component trends. The present
article analyzes in some detail the
changing pattern of merchandise transactions over the 4-year period 1959-62,
viewing the current year within the
compass of domestic economic developments.
Merchandise exports in JanuarySeptember 1962 rose to a record seasonally adjusted annual rate of $20.8
billion/ having increased over the
year 1961 by nearly $0.9 billion. At
the same time, merchandise imports
climbed to a new high of $16.1 billion/
having advanced by $1.6 billion in
response to the 1961-62 cyclical upswing in the domestic economy. The
merchandise export surplus (annual
rate) thus amounted to $4.7 billion
compared with $5.4 billion in 1961.
In contrast to the rise in exports, which
had begun late in 1961 and was reversed in the third quarter of 1962, the uptrend in imports continued without in-
1. Exports and imports as adjusted to a balance-of-payments basis. See table 1, p. 9 for quarterly breakdown on
merchandise trade, seasonally adjusted, covering period from
1st quarter 1961 through 3rd quarter 1962.
14
terruption after the March quarter of
1961.
During the third quarter of 1962
imports hit a new peak of $16.5 billion
at a seasonally adjusted annual rate.
While corresponding exports amounted
to as much as $20.7 billion, this annual
rate was some $600 million below the
record of the previous quarter (see
first chart on page 15).
Exports and imports in the third
quarter appear to have been inflated
by heavier-than-normal outflows and
inflows of merchandise in September in
anticipation of the October 1 dock
strike on the East and Gulf Coasts.2
Trade data just now becoming available
for the month of October reveal a
sizable drop in both exports and
imports, a reversal of the sharp rise
recorded in September.
U.S. Imports Reflect Pattern of Domestic Output
J_ HE advance in total imports which
followed the cyclical trough in JanuaryMarch of 1961 coincided with the
upturn in the nation's gross output of
goods and had been preceded a quarter
earlier by a quickened demand for
industrial supplies arid materials from
abroad. This predominant category
of U.S. imports traditionally responds
most sensitively to changes in domestic
business. In subsequent quarters other
major commodity categories reinforced
the import rise and the general pattern
of imports traced during 1961-62 relative to corresponding movements in
the goods component of the GNP
resembled that of the last cyclical
upturn of 1958-59 (see chart on page
15). In both 1959 and 1962, moreover,
upcoming labor contract renewals and
the threat of work stoppages in the
steel and nonferrous metals industries
produced abnormal fluctuations in U.S.
demand for these materials which
affected both production and imports
during most of the whole span from
late 1958 to 1962.
While the quarterly rise in imports
proceeded without interruption from
early 1961 through the third quarter
of 1962, the greatest gains—both value
and percentagewise—occurred between
the first and second halves of 1961 when
the U.S. output of goods also increased
(lains in Imports and GNP
(Seasonally adjusted)
1st half 1961 to 2nd half 1961
2nd half 1961 to 1st half 1962
1st quarter 1962 to 2nd quarter 1962.
2nd quarter 1962 to 3rd quarter 1962.
QNP
(Kxcl.
Imports
services)
(Percent)
+ 13.9
+10. f)
+2. 9
+3. 0
+2.9
+1.4
+2. 4
+0. 3
2. The strike lasted only several days as an injunction was
issued on October 4.
SUEVEY OF CURRENT BUSINESS
December 1902
sharply. The continued upward course
of imports during 1962 was an extension
of the earlier broadly-based increase
in U.S. demand for foreign goods but at
a slower pace, reflecting the smaller
increments in GNP.
Import rise broadly based
Table 1 reveals the across-the-board
character of the 1961-62 import expansion and permits comparison with 1959,
the last previous period of peak import
demand.
Actual Census-recorded general imports in January-September 1962
totaled nearly $lK billion higher—11
percent—than in the corresponding nine
months of 1961 (and almost $% billion
above the same period of 1959). This
major advance was accompanied by a
decline in prices as the unit value index
for total imports fell to the lowest point
since the third quarter of 1950 (see
table 2). Thus the import gain from a
year ago, in volume terms, was relatively
greater than that indicated by the increase in dollar value.
More than half of the overall value
gain in imports from a year ago reflected
augmented purchases of industrial supplies and materials; the relative magniRECORD U.S. EXPORTS AND
IN 1962
IMPORTS
• But 9-Month Trade Balance Falls 15 Percent
Below Same Period a Year Ago
Billion $
22
Exports:
20
18
16
tude of this gain conforms with the
dominant share (51 to 52 percent) of
this category in the nation's total import trade during recent years.
Consumer goods (nonfood), on the
other hand, accounted for nearly 30
percent of this year's total import rise
over 1961 while comprising only about
one-sixth of total imports. Moreover,
this category of goods has continued
to move up in each successive quarter
of the year whereas imports of industrial
materials subsided after the first quarter
(see second chart). The strength in
1962 of consumer goods imports, and of
industrial materials as well, stands in
marked contrast to the relatively sluggish export performance of these commodity groupings, as will be discussed
in a later section of this article.
The slow, persistent, long-term uptrend in imports of capital equipment
(machinery and commercial transportation equipment) was extended into the
current year. The gain over a year
ago, which accounted for 4 percent of
the rise in total imports, w^as centered
in machinery and was concentrated in
the first quarter of the year. Subsequently, a flattening trend was evident
in machinery imports while deliveries of
civilian aircraft from foreign manufacturers, which had remained large during
the first half of the year, fell off sharply
in the third quarter to a rate well below
the peak reached in the same quarter a
year earlier.
Despite the almost uninterrupted
growth in sales of foreign capital equipment in the U.S. market during the entire postwar period, this product grouping nevertheless amounted to less than
$600 million in January-September
1962—only 5 percent of total U.S. imports and little more than one-tenth as
large as U.S. exports of capital equipment.
Rise in food imports limited
14
12
10
1957
58
59
60
61
62
Quarterly, Seasonally Adjusted, at Annual Rates
Note: Excludes Defense Department purchases and shipments
of military goods; excludes uranium imports
U.S. Department
of Commerce, Office of Business Economics
62-12-7
Imports of food and beverages in
the current year amounted to some
$140 million above the value for the
corresponding first nine months of 1961,
representing in large part an increase
in shipments of meat products—mostly
from Australia.
The modest gain in foodstuffs imports
was not commensurate with the relative
importance of this category in total
U.S. imports. This reflects in large
part the inability of coffee imports—by
far the largest component of our total
food purchases from abroad—to record
any significant change in value from a
year ago. While there was a modest
increase in the volume of 1962 coffee
arrivals, it was hardly adequate to
offset the year-to-year decline in coffee
import prices. The softness in coffee
quotations, together with the weakness
in cocoa prices, was largely responsible
MERCHANDISE IMPORTS TRACE
PATTERN OF DOMESTIC OUTPUT
• Industrial Materials—Largest Import
Component—React Most Sensitively
• Food and Nonfood Consumer Goods
Help Lift 3d Quarter Total
Billion $
400-
GROSS NATIONAL PRODUCT
350
GNP Excluding Services
300
250
Billion
10
IMPORTS
Industrial Supplies and Materials
- fexc/. Steel)
Food and Beverages
—
Consumer Goods
(exc/. Autos)
Machinery
1957
58
59
60
61
62
Quarterly, Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics
62-12-8
for bringing the index of crude food
prices (see table 2) to the lowest point
since 1949.
The uneven course of food and beverages imports in the current year, after
seasonal adjustment (see second chart),
largely reflects the contra-seasonal
movement of sugar arrivals in the first
two quarters due to inventory shifts
and to uncertainties regarding provisions to be incorporated in the new
SURVEY OF CURRENT BUSINESS
16
Sugar Act becoming effective after
June 30th. Cumulative January-September sugar imports in both 1962 and
1961, moreover, were substantially below those of the three preceding years,
the consequence, to a considerable
extent, of increased allotments provided to domestic producers as a result
of the reallocation of Cuba's former
quotas.
Imports of petroleum, building materials, and paper (including paper base
stocks)—although well above year-ago
levels in 1962—displayed relatively
little change during the three quarters
of the current year, after adjustment for
seasonal factors.
Steel deliveries from abroad, ordered
prior to the April steel labor dispute
settlement, expanded in the April-June
period
and continued to arrive in the
Industrial materials imports end rise
following quarter at a rate in excess of
The flattering tendency in industrial that normally expected in the slow
materials imports which followed the summer months. The inability of steel
all-time peak reached in the March demand in Europe and Japan to keep
quarter of 1962 still left such imports as pace with expanding capacity induced
a group at historically high levels (see cuts in their export prices and an
second chart) but concealed divergent intensification of efforts to promote
movements within this large category exports. Similar factors, combined
of assorted commodities.
with strong domestic consumption in
In the June quarter imports of sup- the current year, were likewise replies used in durable goods production, sponsible for heavier arrivals of
mostly metals, continued to move up- aluminum.
ward to a 2-year high on a seasonally
Iron ore imports, which were high
adjusted basis, while imports of ma- in the first half of the year, did not
terials used in nondurable manufactur- record their usual seasonal rise in the
ing retreated from the 11-year peak September quarter as the outlook for a
reached a quarter earlier. Converse substantial pickup in domestic steel
movements occurred in the third quarter output remained uncertain. Imports
as industrial hardgoods materials edged of copper, inflated in the March quarter
lower and softgoods supplies firmed.
by hedge buying in anticipation of upTable 1.—U.S. Imports l by End-Use Categories
[Millions of dollars]
January-September
1961-62
Dollar
increase;
% of total
increase
1959
1960
1961
1962
11,256
11, 180
10,511
11,964
1,453
100
100
100
100
100
Food and beverages
Percent of total
2, 603
2,416
2, 403
2 545
23
21
142
10
Industrial supplies and materials ' .. __ ...
_.
___ - _
Percent of total
Petroleum and products
Paper and pa T )er base stocks
Other materials used in nondurable goods manufacturing
Selected building materials, nonmetal
All other industrial materials, used mainly in durable goods
manufacturing ]
5,888
52
1, 148
795
1,168
459
5.844
52
1,142
813
1,158
425
5. 394
51
1, 249
805
1. 068
400
6, 179
52
1,354
845
1,215
469
785
54
105
40
147
69
2 318
2, 306
1,872
2, 296
424
280
271
294
323
3
2
3
3
29
2
455
464
4
526
_>
592
5
66
4
1, 731
15
1.865
17
1, 553
15
1,958
16
405
28
397
1. 160
174
542
1. 164
159
457
929
167
588
1, 192
178
131
263
11
299
3
320
3
341
367
3
26
2
General imports, total *__
Percent of total
23
Materials used in farming. _
Percent of total
_
.__
. _ __
__ _ _
Capital equipment
Percent of total
Consumer goods (nonfood)
Percent of total
Xondurables — manufactured
Durables — manufactured
Other — unmanufactured
-
Military, noncommercial and unclassified
Percent o f total
_ _ _ _ _ _ _ _
_
_ _
_
_ _
_
_ _ _ _ _
1. Excluding uranium.
Source: U.S. Department
of Commerce,, Office of Business Economics.
3
4
December 1962
coming labor contract renewals in
Chile and the United States, subsided
in subsequent quarters. The near-record rate of nickel arrivals early in the
year was also not maintained in succeeding months but remained above
year-earlier levels.
While the tonnage of tin arrivals rose
in each quarter of 1962, a sharp drop in
world prices following Congressional
approval in June of the sale of 50,000
tons of stockpile tin resulted in a
decline in the value of U.S. tin imports
in the September quarter.
Lower world prices for
materials
industrial
The further decline in 1962 of world
prices for industrial materials, as reflected in lower unit values for crude
materials and semimanufactures in
table 2, is worthy of mention in view
of the strong demand in the United
States—the world's most important
market—for these supplies.
Overhanging stockpiles of metals in
the hands of governments and some
private non-consumer groups (African
copper producers and, more recently,
the International Tin Council), coupled
with announcements by the U.S. Government relating to plans for disposal
of such stockpiles, have in a number of
instances influenced, or replaced, normal
market factors in determining price
levels. Moreover, certain market factors themselves—-a general condition oi
excess capacity and production in the
petroleum and primary metal mining
industries combined with the rounding
off of industrial activity in the highl\
industrialized markets of Europe and
Japan during the year—have provided
a further depressant to basic materials
prices. And finally, there is the increasing availability of, and competitor
from, substitute materials—natural gas
for petroleum and coal; plastics foi
metals; synthetic for natural rubber
etc. At the same time new productior
efficiencies are also taking their toll—
the introduction of "thin tin' 7 plate, the
growing use of oxygen furnaces t(
increase productivity in crude stee
output and to reduce fuel factor costs
and similar materials-saving develop
ments.
Auto import rise brief
The revival in deliveries of passenger
cars from abroad after a period of
decline lasting about 2 3Tears appears to
have represented primarily an effort
to build up severely depleted inventories rather than a resumption of
strength in U.S. consumer demand for
foreign autos.
The relationship of foreign car imports to sales in 1962, particularly in the
first quarter, was in contrast to the
import-sales pattern evident all during
1961 and for most of 1960. In these
earlier periods quarterly sales were
consistently higher than imports—
although both were in a downward
trend—with the result that stocks of
foreign cars were reduced to very low
levels by the end of 1961.
While the downtrend in final sales
to consumers continued in 1962, with
registrations in virtually every month
(through October) lower than a year
ago, a sharp resurgence of imports took
place in the March quarter with arrivals a full 55 percent above those in
the corresponding period of 1961.
Though imports then staged a retreat
in each successive quarter of the current year, they continued to exceed
last year's quarterly arrivals.
Table 2.—U.S. Import Price (Unit Value)
Indexes by Economic Class
[1957-59 = 100, seasonally adjusted]
ManuSemi- FinCrude inanu- isl ed
Total Crude facim- foods tured mate- fac- ma mfoods rials tures
facports
tu cs
80
87
109
103
99
101
101
103
104
101
100
99
98
71
97
110
111
111
133
114
110
108
109
105
101
96
90
90
99
99
99
97
96
97
101
99
99
101
101
97
92
92
89
89
99
99
98
r-9
1901—1
II
III
IV
1962—1
II
III
94'-)
9 0
19 1
:9 2
9 3
9 4
19 5
19 0
1957
19f)8— L
11
III
IV
1959—1
[I
III
IV
19(10— I
II
III
IV
81
88
129
107
96
93
99
101
104
98
98
96
90
82
80
101
102
97
94
102
108
106
100
97
97
95
89
87
102
101
99
99
98
100
101
100
100
99
101
99
98
100
101
98
96
98
99
95
98
98
98
99
98
99
101
91
89
88
88
97
97
99
99
101
102
101
97
99
100
100
99
101
101
102
102
98
97
98
97
87
85
86
85
99
99
98
98
97
95
97
97
98
98
98
98
102
103
101
101
96
96
95
85
85
84
98
98
98
96
95
95
95
94
92
100
101
100
97
97
99
i;
SURVEY OF CURRENT BUSINESS
December 19(52
Source: U.S. Department of Commerce, Bureau of Inter-
national for
Commerce.
Digitized
FRASER
666511—62
3
The number of cars shipped to the
United States from foreign manufacturers in the March quarter was more
than one-fourth higher than sales to
U.S. consumers resulting in the first
inventory rise in nearly 2 years. In
the second quarter, however, reduced
imports barely nosed out registrations
and the July-September period witnessed a reversal of the short-lived
inventory buildup.
one-fourth of the import rise originated
in Canada, while a significant portion
of the remaining gain was supplied
by Australia and Hong Kong. The
underdeveloped countries of the world
thus had a share of less than one-fifth
in this major overall recent expansion
in U.S. imports.
The most striking upswing occurred
in imports from Japan which advanced
steadily upward from their low of
about $950 million at a seasonally
adjusted annual rate in the first quarter
Imports by area
of 1961 to nearly $1.5 billion in JulyAt least half of the nearly $1.5 September 1962. Since the second
billion advance in total imports during quarter of 1962 imports from Japan
January-September 1962, as compared have in fact exceeded our1 exports to
with the corresponding period of 1961, that country. As discussed below,
reflected increased arrivals from West- U.S. exports to Japan declined sharply
ern Europe and Japan. An additional beginning late in 1961.
Exports—A Summary of Area Trends
JL HE more highly industrialized
countries of the world continued in
1962 to be the major foreign outlets
for U.S. products. Canada, Japan,
Britain, and the six Common Market
countries of Western Europe alone
accounted for somewhat over half of
total U.S. exports (excluding special
category shipments), only a shade
less than in 1961. The proportion
approaches two-thirds if the remaining
countries of Western Europe, plus the
semideveloped nations of Australia and
South Africa, are included.
Nevertheless, the relatively favorable
export showing made in July-September 1962, when total exports recorded
a dip of only 3 percent from the alltime peak of a quarter earlier, was
due mainly to a continued uptrend in
shipments to the underdeveloped countries outside the Western Hemisphere—
largely through U.S. Government
financing.
In that quarter exports to Western
Europe declined, thus reversing1 the
new rise which had begun late in 1961
(see chart on p. 19). Exports to Japan
remained relatively depressed, having
recovered only a small fraction of the
major losses sustained late in 1961
and during the first half of 1962.
Although our shipments to Canada
continued, as earlier in 1962, to run
ahead of last year's they were down
considerably from the high rate of the
spring quarter.
Meanwhile, sales to Latin America,
adversely affected by the political
crises in Argentina and Brazil, as well
as b}^ the continued depression in that
area's export earnings, fell to the second
lowest quarterly rate in six and a half
years.
Military equipment and foodstuffs
Western Europe
to
Exports to Western Europe in the
first half of 1962 were up 10 percent
from a year earlier. The rise, however,
was entirely in items unrelated to
Europe an business de i nand— m ill 1 ary
equipment, and agricultural products
facing increased Common Market levies
after midyear. If military and agricultural products are excluded, exports
to Western Europe in the first half
of 1962 were no higher than a year
earlier—an indication that a mere
slowdown in Europe's economic expansion (see table 3) was sufficient to halt
the rise in our industrial exports to
that area.
On the same basis exports in the
18
third quarter were somewhat above
those of the corresponding' period last
year—a not too disappointing 1 performance in view of the leveling out in
European industrial production since
April, the first such major lull in the
more than 3-year old European economic uptrend. As mentioned earlier,
however, the third quarter figures were
affected by the inflated September
total reflecting anticipation of a dock
strike on October 1.
SURVEY OF CURRENT BUSINESS
Now that Japan's balance of payments problem has been alleviated by a
rise in its exports and a sharp reduction
in its imports, some relaxation of
Japan's tight money policy, and consequently a pickup in its purchases from
this country, may be in the offing.
U.S. exports hampered by Canadian
surcharges
While the dip in our exports to
Canada in July-September 1962 from
Slowdown in European business de- the high rate of the previous quarter
(see third chart) was due in part to the
mand
tapering
off of the rise in Canadian
Although the current interruption in
business
activity
around the middle of
the European business expansion may
the
year—a
little
earlier than was the
be shortly followed by a new upturn,
case
in
the
United
States—it may also
the foreseeable elements of renewed
have
reflected
the
adverse
effects of the
strength in the European economic
new
Canadian
import
surcharges
imp u• t ure—p articillar 1 y con s um er exp end iposed
late
in
June.
About
two-thirds
tures and residential construction—
have historically had little effect on of the decline was centered in agriL 7 ,S. exports. On the other hand, the cultural products, particularly cotton
''iirrent elements of weakness—the and grains.
downturns in private capital investment
and inventory demand in Europe— Li.S. financing spurs exports to India,
Pakistan, and Egypt
may well give some cause for concern
regarding* our exports of machinery and
The steep rise in shipments to the
industrial materials, two categories underdeveloped and semi-industrialized
which together account for over 60 nations outside the Western Hemipercent of our nonmilitary exports to sphere (see third chart) played an
Western Europe.
important role in raising the level of
While labor costs in Europe have total U.S. exports in 1962. The upbeen rising faster than in the United trend in shipments to these destinaStates, a development which might be tions, however, was financed to a
expected to enhance the competitive
^tntiis of U.S. products in European
markets, this advantage must be
weighed against the growth of excess
an expansion in merchandise
rapacity in numerous European inexports
is
vital to the achievement of
dustries and the greater availability—
such
major
economic goals as the elimiwith shorter delivery dates—of products
nation
of
the balance-of-payments
which compete with U.S. exports.
deficit and the promotion of an accelJapan's tight money policy hits U.S. erated growth rate within the domestic
exports
economy, the current status of our
The trend of U.S. exports to Japan export trade warrants a careful study,
in 1961-62 has moved contrary to the
While comparisons in terms of broad
pattern of shipments to Europe, as commodity groupings and product cateshown in the third chart. Exports to gories lead to an early discovery of
Japan underwent an extended decline basic shifts in the export pattern and
dating from that country's adoption of
are essential to the study and appraisal
a tight money policy in the closing
of
both short- and long-term changes
quarter of 1961, and thus by the third
in
our
international competitive status,
quarter of 1962 appeared to have
reached alignment with the slower analyses based mainly or entirely on
tempo of Japanese business activity such summary statistics may be subject to two obvious limitations.
(see table 3).
December ll)<>2
considerable degree by the U.S. Government.
In January-September 1962 new
peacetime records were established for
exports to India and Pakistan. With
the aid of ICA and Development Loan
Fund financing, these two nations in
1962 became among our top markets
for major industrial materials such as
steel and copper. Whereas U.S. exports of steel to India and Pakistan in
January-September 1962 were up by
about $40 million from a year earlier,
our shipments to the rest of the world
were down by $25 million. Our greatly
expanded exports of copper to India
have likewise been in contrast to the
reduction in copper exports to most
other markets. Greatly enlarged deliveries of construction machinery to
Pakistan and of railway equipment to
India have also figured prominently in
the good overall showing made by
exports of these major capital equipment items.
Exports to Egypt in 1962 were also
at a new peacetime high reflecting
mainly the sharp pickup in PL480 shipments of grain.
Still another peak was scored in 1962
by our exports to Australia, a record
attained without the aid of U.S. Government financing. Major advances
were registered in exports of machinery,
autos and parts, chemicals, tobacco,
and textiles.
U.S. Exports—A Detailed Survey
First, the summary data may not
always provide a clear indication oi
whether or not the swings in the groupings were broadly based or merely the
result of spotty or divergent movements
in the individual commodity components. Secondly, they may overlook a
variety of dynamic changes in individual commodity exports—changes
which taken by themselves may appeal
relatively insignificant, but which
viewed collectively, may provide valuable additional insight to those interested
in the problem of promoting and expanding our exports.
In studying recent developments ir
the Nation's exports, OBE according!}
began with an examination of expori
data at the most detailed level oer-
December 1962
initted by available statistics — the approximately 2,600 individual '"Schedule
B" commodity classifications for which
separate export data exist. The results
of this study, which involved a comparison of both relative and absolute
changes in exports of each of these 2,600
separate classifications during the four
corresponding half-year periods ending
January-June 1962, are analyzed in
table 4. (See technical note to table 4
for an explanation of statistical techniques employed.)
A survey of exports in upswing
Over the period selected for the
analysis, total U.S. merchandise exports climbed from a cyclical low of
$15.6 billion at a seasonally adjusted
annual rate in the first half of 1959 to a
record high of $20.8 billion in the first
half of 1962. Since exports in the JulySeptember 1962 quarter varied little
from the average rate of the first half
of the year, the January-June 1962
commodity export pattern as shown
in table 4 is fairly representative of
the entire first 9 months of the year.
Important new developments
From the standpoint of the U.S.
export community the period covered
by the study, even though a relatively
brief one, is one in which the economic
environment reflects many important
new developments. Only days prior
to the beginning of 1959, ten Western
European countries had announced
major steps toward making their currencies externally convertible, an action
Table 3. — Indus trial Production Indexes
[1957-59 = 100, seasonally adjusted]
United
States
Canada
OECD
Europe
Japan
1958—1
II
III
IV
92
90
95
99
96
97
97
99
99
98
98
99
91
90
93
97
1959—1
£1
III
IV
103
109
105
105
103
105
105
107
100
103
105
110
103
111
119
127
mo— i
ii
in
IV
111
110
109
105
108
105
105
112
114
116
135
141
148
105
118
155
1961—1
II
III
IV
103
109
112
115
105
119
._
1%2— I
II
[11
I. September estimated.
116
118
120
120
120
122
108
111
113
!
115
117
118
1
124
125
125
163
171
181
189
190
193
i 191
Sources:
F R B , Dominion Bur. of Statistics, OECD, and
Bank of Japan.
SURVEY OF CURRENT BUSINESS
19
which was supplemented by the speedup
of other measures to liberalize imports
into most Western European nations.
The beginning of 1959 also marked
the first official birthday of the European Common Market, which, since its
inception, has provided an unprecedented stimulus to production and investment demand in that area,
During the 2 most recent years included in the analysis, the U.S. National
Export Expansion Program has been in
operation. In addition to initiating an
aggressive campaign promoting the
sale of U.S. exports, this Program has
provided greatly increased credit facilities and a wide variety of other innovational services designed to give U.S.
exporters freer and wider access to
markets abroad.
Among the major problems encountered in the nation's drive to boost its
exports over this period has been the
low level of food and other primary
commodity prices which has limited
incomes and investment demand in
the underdeveloped countries in Latin
America and elsewhere in the world.
Although exports to Latin America in
the first half of 1959 were already down
by nearly one-fourth from their record
high in 1957, they have since been running even lower than in 1959 — in large
measure a reflection of the termination,
early in 1961, of our roughly half-abillion-dollar-a-year export trade with
Cuba. If Cuba is excluded, however,
exports to Latin America rose from
$1.5 to $1.6 billion between 1959 and
1961 (January-June) .
Our sales to Canada, the major individual market for U.S. exports, have
also been depressed during most of the
period since the passing of the natural
resources investment boom nearly 5
years ago. Not until the first half of
1962 did they stage an uncertain recovery (see third chart).
each of the preceding comparable halfyearly periods. The list is an impressive one since it includes most types of
machinery, autos and parts (excluding
trucks), military equipment, and numerous prominent agricultural products (excluding cotton). Over 45 percent of our total export trade in January-June 1962 was in fact accounted
for by the individual products enumerated separately in the first section of
table 4.
Nevertheless, this top part of the
table reflects only a single item—
paper—from the nonagricultural industrial materials category, while diesel
locomotives likewise constituted the
lone representative of the commercial
transportation equipment category in
this section. Passenger cars and a
scattering of miscellaneous items such
as cigarettes, books and periodicals, and
amusement equipment similarly stand
Export rise rests on limited base
Little more than a casual perusal of
table 4 is required to observe that the
nation's record high exports during the
first half of 1962 were founded on a base
somewhat less broad than might be
implied from a consideration of only
the overall total.
The first section of table 4 lists the
product groupings whose export value
in January-June 1962 exceeded that of
U.S. EXPORTS BY AREA
• Rise to WESTERN EUROPE Extends Through
Second Quarter—Off in Third
Exports to JAPAN Reflect Contrary Movements
• Exports to OTHER AREAS OUTSIDE WESTERN
HEMISPHERE Continue Upward
Billion $
10
OUTSIDE WESTERN HEMISPHERE
Other Non-Western
Hemisphere
• •H»«^
I
I
^*'Japan
I
I
I
!
I
I
I
I
1
I
I
I
I
e Exports to CANADA Show Erratic Rise
9 LATIN AMERICAN Market Remains Sluggish
WESTERN HEMISPHERE
Canada <,
1,8/fft America,
1959
1960
1961
1962
Quarterly, Seasonally Adjusted; at Annual Rates
U,$, Department of Commerce, Office of Business Economics
62-12-?
Table 4.—U.S. Exports in 1962 (January-June) Compared
January-June (half-year)
Commodity Group & Product
1959
CHANGE:
Jan-Jun '02
from highest of
I 3 preceding
Jan-June periods
$ Mil.
GROUPS DOMINATED BY ITEMS WHOSE EXPORT VALUE
IN JANUARY-JUNE 1962 WAS THE HIGHEST OF THE 4-YEAR
PERIOD.
SPECIAL CATEGORY, EXCLUDING MILITARY AID
Sales of mil'ary & potential miPary
equip.—planes, radar, ord'ce, etc.1. - 254. 20 344.30
SPECIALIZED-INDUSTRY
MACHINERY
Knitting mach. & pts. ex. circ. & hos'ry_
Paper mill machines & parts
Glass manufacturing mach. & parts
Misc textile machinery and parts
Bookbinding mach. & parts
3.26
Plastic manufacturing mach. & parts,__
10.13
Wrapping, pkg, & fill'g mach. & pts
11.10
Dairy & cannery equipment & pts
5.93
Printing presses, apparatus & pts
14.23
Paper converting mach. & pts
9. 60
Circular hos'ry knit'g mach & pts
5.17
Rubber mfrg. mach. & pts. ex. tire
4.73
Cotton looms
2.13
Type setting machines
3.23
Cotton cardg. & combg. mach. & pts
3.01
Bottling,—washing,—labeling machines
7.52
9.03
& pts. ex. dairy
4.59
Photogr. proc. & fin. equip. & pts
3. 01
4.54
2.94
Cotton gins, presses & pts
4.82
6.03
Misc. food & bev. proc. mach. & pts
5.83
5.43
Paper pulp machines & parts
18. 72
17.71
Ind'l sewing & shoe mach. & pts
8.49
9.30
Rubber tire & tube bldg. rnach. & pts_.
.92
4. 65
Looms, except cotton
4.39
5.08
Loom parts
5.06
3.37
Textile dyeing & finish mach & pts
9.27
7.63
Textile winders & parts
2.60
2.16
Sugar mill machinery & parts
Wool carding, combing, spinning &
2.82
.83
.46
twisting mach & pts
MACHINE TOOLS AND METALWORKING MACHINERY
+2.51
.60
3.71
Milling mach., bed-type, mtlwkg
Boring-drilling-milling mtlwkg com2. 55
bination units
1.31
Broaching machines
1.30
Planers, ex gear, mtlwkg
Lathes, auto, chucking & between2.18
center multiple spindle
Multi-station mach. tools, mtlwkg
1.16
2.57
Punch'g & shear'g mach., mtlwkg
8.40
Mech. presses, pwr.-driv., mtlwkg
2.58
Hydraul. presses, pwr.-driv., mtlwkg--_
Bending & roll-forming mach. ex presses
+1.99
3.54
& wire work
Foundry equip. & pts, ex mold., die3.43
4.91
1.98
casting, blast cleaning or tumbl
9.23
12.48
9.00
Misc. mtlwkg. machinery
4.42
3.46
3.38
Pneumatic portable tools
Metal-cutt. tools spec. fab. for metal6. 07
cutting mach. tools
10. 67
Metal-cutt. mach. tool pts. & ace
11.11
Grinding machines
1.12
Gear nobbing machines
44.48
Rolling mill machines & pts
Gear-tooth & gear cutting, grinding &
6. 99
finishing mach
Forging machs & hammers, ex hydrau8.74
lic forging presses
8.68
Metal-form mach. tool pts. & ace
6. 66
Screw machines, automatic
Lathes, auto, chucking & between-1.63
4.18
1.04
center single spindle
— 4.00
9.67
7. 03
Mtlfln., clean, & coat, mach, & pts
ENGINES, EXCEPT AUTO, TRUCK
& BUS
Internal conbustion engines & parts
20.11 | 22.46
Diesel & semi-diesel engines
OTHER POWER GENERATING
EQUIPMENT
19.06
Power boilers, parts & accessories
14.57
Turbines &. pts incl steam engines.
GENERAL
PURPOSE
INDUSTRIAL MACHINERY & EQUIPMENT
+ 1.07
+67
Air reduction equip, d pts
Separators <t collectors, industrial proce's type & pts
Paint spraying equip. & pts
Parts for nonelectric furnaces, kilns,
4. 50
lehrs, A: ovens
13. 12
C e n t r i f u g a l pumps, po\\er-driven
P'irts for pumps.
Size meas. mach. instr. & pts
S l u t n r y air A; gas comprssrs, ov. 125 h p j
rccip., pos. displ
- - -|
Pts. for air <fc pis compr, pos. displ
Pipe valves & pts
Lubrication equipment <fe pts
1ml. procssng. vssls & pts. nonmixg
Ballbrngs & pts., et balls
Heat cxchgrs & stm sp'lty Mrs & pts- _ .
Chain saws, woodwkng & pts
Roller brngs & pts. ex rollers
Compress, or cndsn. unit, air-cond. &
6.02
5.82
4.50
refrig. equip
16.14
15. 84
11.18
Pwr, trans, systems, & pts, ex vehic
3.61
3.
62
1.70
Dynam. air & gas comprssrs, centrif
19.77
17.03
14.69
Ind'l mfg. & serv.-ind. mach. & pts
4.12
3.80
2.31
Pressure fans & parts
10.52
10. 51
8.08
Ind'l sew'g mch, inc compl hd assem_._
1.05
2.56
1.69
Pipe assemblies, sectns perm affix
http://fraser.stlouisfed.org/
SECTION
CHANGE:
Jan-Jun '62
from highest of
3 preceding
j Jan-June periods
I
Commodity Group & Product
! Percent $ Mil.
I
CONSTRUCTION MACHINERY,
EXCLUDING OIL FIELD & MINING
Cranes & derricks (ex rr, well, matls
handling & ovhead travelg)
Cranes & shvls, pwr, wheel mtd
Haulage vehcls, off-the-road
Contrctrs wheel tractors 70 bhp & o v _ _ _
Scrapers, dig-carry-haul
Pwr excavator, dredg'g & load'g mach
parts
Cranes & shvls, pwr, crawlr or wkr mtd.
Graders, self-propelled
Misc constrct & mainten equip & p t s _ _ _
Loadrs, whl or crawlr mtd self prpld
Stackers & pts, & pts for ind trucks,
tractors, trailers
Misc conveying equipment & pts
Attachments for mountg on tractors or
comm. trucks
Dredging machines, new
Cranes-pwr-ovhead travlg, mtls handL.
COMPUTERS, & OTHER ELECTRONIC EQUIPMENT & PARTS
Electronic resistors
Misc. electronic equipment & pts
Electronic computers, pts, & tape
Crystal diodes & transistors..
Electronic capacitors (condensers)
MEASURING & TESTING EQUIPMENT & INSTRUMENTS
Nuclear radiation detection & measuring instruments & pts
Elect indie meas test equip & pts
Misc indie meas test equip & pts
Waveform meas test instr ex optcl
Physical properties test mach & pts
SURGICAL & LABORATORY APPARATUS
Misc resrch labortry apprtus & eq
Surgical-medical apparat, instr & pts
Spectrum meas instrs, optcl, & pts.
LOCOMOTIVES
Diesel-electr. locmtivs, ex switch's
AUTOS & PARTS (EXCLUDING
TRUCKS & BUSES)
Engines, passenger car, for assembly
Automotive parts & bodies for assembly.
Passenger cars, new, and chassis
Misc auto pts for spares or replacem
Eng, trk & bus, dsl & sem-dsl, repl
TOBACCO & MFRS.
Tobacco, flue-cured, stemmed
Tobacco, flue-cured, unstemrned
Tobacco, burley, unstemrned
Cigare ttes
COFFEE, INSTANT
Coffee—powdered, soluble, etc
GRAINS & PREPARATIONS
Corn, except seed
Barley
Rice, milled
Wheat flour wholly of U.S. wheat
Grain Sorghums
Wheat
Rye
Oats
Barley malt
POULTRY
Turkeys, fresh or frozen
Chicken—broilrs <fe fryrs—fresh or frzn.._
Chicken ex broilers & fryrs—fresh or
frzn
Baby chicks & hatching eggs
ANIMAL FEEDSTUFFS
Soybean oil cake & oil cake meal
Corn & wheat feeds, prepared-mixed
Dairy, poultry, & other vegetable feeds,
prepared-mixed
VEGETABLE OILS & OILSEEDS
Soybean oil, crude & refined
Soybeans, excl canned or prepared
Co'ttonseed o i l , crude & prepared
Tung oil, crude
j
Almonds, s\\e( t shelled
j
Misc vegetable oils, refined & proc
|
Peanuts, shelled
|
Shorte ling, 100r; vegetable oil
I
Flaxseed
I
Linseed oil, crude or IM\V
|
RELIEF OR CHARITY (NONGOVT.)—FOOD
'
I
V a r i o u s foodj for relief <t charity, ex j
dairy, grains, I/cans
j
Com nu-al for relief A: c h a r t y
I
\Vheat flour for r< lid' <V charity
I
Nonfat dry milk l\>r relief <t charity
[
Rice tor relief cv charity
FERTILIZERS & INSECTICIDES
Mise asrkul insecticides & prep
Urea fertilizers
Enriehd & concntrtd suprphos, ov 22%
phosn acid, fertlzr
Fun gici( les
Tech insecticides, cone & formul-15% &
ov org phps
Tech insecticides, cone & formul-15% &
ov polychlr
Ammonium sulfate fertilizers
Potassium chlr fertlzr matls. _ ,
Herbicides
DDT prepartns contain 75% & ov DDT.
23. 87
18.32
21.
35.19
34. 60
4.41
11.13
2.49
6.65
8.24
17.29
6.14
+60 i +1.50
+36 \ +2.57
+.?4 ! +2.67
+22
+3.87
+21
+1.47
27.91
18.00
17.02
+16
+12
+9
+2
-1
+4. 58
+2. 50
+ 1.82
+.72
—. 66
6.67
11.88
-3. 53
-. 80
-1.60
24.48
.06
1.05
21. 50
1.21
2.03
2.32
20.00
16. 74
7. 65
3.63
4.29
26. 32
53.17
10.80
5.40
+31
+30
+27
+6
14. 09
16. 13
5. 20
+29 \ +4.03
+ 17 | +2.68
+.31
+ 1. 30
+8. 05
+ 16. 17
+2. 92
+.32
3.36
12. 54
37.62
5.86 !
8.74 !
9.45 ! 12.00
13.00 | 13. 87
3.46 | 3.96
20.33
.71
129. 60
126. 95
136. 28
1.30
59. 35
.49
144. 73
125.91
143. 51
2.64 I
3. 20
75.23
11.31
41.08
+3.14
+98
+ 17 +13.59
+ 12 | +1.40
+ 12 i +5.60
i 3. 19
! 80.41
! 9.58
i 47.69
5.81 I
136. 53
52.01
44.87
52. 25
55. 48
338. 03
2.69
12. 93
4.95
+8.85
+ 108
5.57
122. 90
43. 36
69. 07
59. 38
48. 75
426. 38
1.86
9. 66
+71 f 120.8S
+40 +20. 76
+26 + 18.20
+ 19 + 11.47
+8
+4. 23
-25.26
-.43
— 4.89
-2.42
+89
+29
16. 46
.66
17.99 ! 19.61
2. 14 | 1. 85
+r,2
+ 1.75
— 2. 21
+ 19. 10
+ 1.32
+31
+ ]<! 52
4-:w %
-i-i 10
l. 37
.82
4. 28
2. 2S
3. 16
4.09
. 73
3.48
4.15
4.87
1. 60
6.82
4.54
20. 71
7.10
9. 18
4.44
6. 39
5.85
9.25
6. 05
14.43
8.77
4.05
3.47
3.59
5.70
9.61
7.72
6.87
4.25
13.76
8.33
2.56
10.20
5.61
13.83
10.92
1.83
11.90
8. 15
16.44
15.10
10.01
13.57
6.44
11.82
+ 1.65
+38
+30
-21
-28
+4.18
+2. 29
+ 1.67
-1.71
-4.62
domestic exports (exclud4ng military aid) are as follows (in billions): 1959 (Jan.-June), $7.87; 1960 (Jan.-June), $9.58; 1961 (Jan.-June), $9.87; 1962 (Jan.-June), $10.53.
Federal Reserve NOTE—Total
Bank of St. Louis
With Corresponding Half-Year Periods in 1959, 1960, and 1961
Jamlary-June (half-year)
Commodity Group & Product
1959
1960
1961
(Millions of dollars)
1962
CHANGE:
Jan-.Tun '62
from highest of
3 preceding
Jan-June periods
Per con t| $ Mil.
BOOKS, PERIODICALS, &
PRINTED MATTER
Misc. printed matter, _ _
12 12
12 08
12 86
15. 46
+2. 60
+20
Dictionaries, encyclopedias, yrbks
3.43
4.16
6.58
5.75
+.83
+14
Bound bks, literature, fict & nonfict
5.28
6.41
+13
+.72
4.79
5.69
Periodicals ex overissue
19.21
17.16
20.46
22. 66
+2.20
+11
Other bound bks incl school text
12.43
13.49
14.75
14.88
+.13
+1
PAPER CONTAINERS & PACKAGING MATERIALS
Paper & paperbd shippg contnrs bxs
& crtns (ex sanitary food) _
7.92
3.53
6.22
3.23
+27
+1.70
3.32
4.76
4.11
+26
Shipping sack paper & shipping sacks. _
5.99
+1.23
2.27
Special food board
3.05
+21
+.65
1.12
3.70
22. 12
Container board, liners
16. 67
+12
24. 69
21.79
+2.57
Boxboard & relatd bd ex spcl food bd
3.77
5.06
5.40
2.70
+.34
+7
Containers, paper & paprbd sanitary
food & food serving
4.45
42
5.80
3.14
3. 35
-2.45
OTHER
PAPER,
INCLUDING
NEWSPRINT
Paper, special industrial
3.11
5.83
+30
4.49
4.09
+1. 34
5.02
+20
Pressure scnstv paper or gummed tape__
4.27
5.77
7.28
+1.51
4.52
3.74
5.31
+ 17
3.69
+.79
Paper absorbent ex sanitary.
--- - 15. 02
Misc paper, paperboard & products
11.36
12.31
15. 78
+5
+.76
'6'
7. 11
10.12
8.54
8.99
-1.58
Newsprint
PHOTOGRAPHIC FILM & PAPER
Photogr paper, senstized, silver halide_._
3.89
4.23
5.78
+37
3.09
+1. 55
4. 29
3.57
5.16
6. 75
Film, still, unexposed (ex X-ray)
+ 1.59
+31
6.52
4.86
+1-5
5. 15
7.49
+.97
Film, still, roll & crtrdge, unxp, ex X-rv
RELIEF OR CHARITY (NONGO VT)— CLOTHING, DRUGS, ETC.
7.58
8.44
Misc nonfood comm, reliefer charity. __
4.59
6.74
+.86
+11
22. 26
22.25
23.13
19.11
+.87
Clothing for relief & charity
+4
MISCELLANEOUS
PRODUCTS,
N.E.C.— JEWELRY, GAMES, ARTWORK, ETC.
5.11
5.75
5.41
6.94
+21
Bottle & container closures & pts
+ 1.19
Athletic & sporting goods, incl play10. 99
8.89
+10
5 89
12. 78
+ 1.79
Around & amusement eQuip
2.57
5.71
3.07
+ 12
6. 39
+.68
Artwork, antiques & collectors items
12. 26
11.17
13.73
14.84
Misc plastic notions, novelties, etc
+8
+ 1.11
2.11
1.65
6.05
6.46
+7
+.41
1 Mamonds, cut (unset) for j wiry use
85. 19
88.57
82. 30
88.26
(x)
+.31
Misc export dec's valued under $100
6. 43
4.25
4.91
6.40
-.03
Ball-type, pens & pen parts
(x)
8.22
9.62
9.59
-19
-2.25
Jewelry of gold, platinum & plat m t l s _ _ _ 11.87
GROUPS COMPOSED OF ITEMS SHOWING ONLY MODSECTION
ERATE CHANGE BETWEEN JANUARY-JUNE 1962 AND THE
BEST PERFORMANCE OF THE 3 PRECEDING PERIODS;
INCLUDES GROUPS SHOWING MIXED TRENDS.
AIRCRAFT (NONMILITARY)
-4
1.25
3.39
5.32
5.13
-.19
Aircraft, pass trans, 3000-14999 Ib
5.09
2.73
6. 23
5. 86
-6
— .37
Aircraft eng, recip, used or rebuilt
9.87
12. 25
11.09
-1.16
4.99
-9
•Yircraft, civ utility, und 3,000 Ib
-18 -38.91
19.23 221. 16 164. 72 182. 25
Aircraft, pass trans, 30000 Ib & ov
19. 04
-7.9
10. 63
11. 13
-42
9.37
Vrcraft civ 3000 Ib & ov
1. 12
2.69
1 05
—61
— 1.64
\ircraft pass trans 15000-29999 Ib
-3.82
3.91
-98
.01
.09
2.83
Aircraft comm'l & civ, new, nee
OFFICE MACHINERY (EXCLUDING ELECTRONIC COMPUTERS)
+ 1.65
5. 79
7.44
+28
2. 58
5.47
Pts for listg-addg mach ex punch cd
4.28
4.44
+28
5. 50
7.02
+1. 52
Parts for tvpewriters
1 76
3 41
3 41
1 30
Typewriters standard el'°c ex autom
6. 14
5. 62
-8
-.52
3.75
4. 87
Cash registers, new, & pts _
.
Bookkeepg & accntg mach & pts, de25.
90
-9
-2.
45
23.
45
16.99
19.
22
scriptive & nondcscriptive
Card-pnch, punch-cd & auxil mach &
-9
-2.79
12.
60
31.
23
28.
44
20.
61
pts
- _. _.
COMMERCIAL AIRCONDIT1ONING & REFRIGERATION EQUIPMENT
+23
5.49
6.77
-4-1. 28
3. 90
4. 88
\ir cond, self-cont, 2 ton cap. +
...
+15
+. 57
2.91
4.31
2. 18
3. 74
Air cond ex self-cont & air handl
(>
1.
61
-. 20
1.27
3.
29
3.
09
Refrigerating units, centrifugal
-12
12. 39
11.22
10.89
9.64
-1.50
Refris <fe freezers, self-cent, comm'l
AGRICULTURAL
MACHINERY
(EXCL. TRACTORS)
Harvesting implements (ex ensilage &
+10
+.43
3.11
2. 68
2. 53
1. 58
forage harvesters)
— .60
12. 63
11. 27
13. 23
13.10
Combines
Parts for agric & sim home type mach,
-1.60
—7
23. 41
21.81
23. 10
21. 69
outfits & attchs
ELECTRICAL MACHINERY, INDUSTRIAL (EXCL. ELECTRONIC)
+65
+1. 58
2. 44
4.02
2.24
1.78
Misc elec hcat'g units & pts, ind'l
+31
+. 96
4.03
2.43
3. 00
3. 07
Power cir dcv & pts, gen'l, AC & DC..
+28
+.81
3.71
2.24
2.90
2.18
Bulbs & tubes-lamps-fluorescent
Transformers, power & distrib, 10,001
+.62
+27
2.95
1. 17
1.38
2.33
kilovolt amps & over
+.82
7.04
+13
6.22
5.13
5.30
Elec wiring devices & pts, interior
+1.71
19.39
+10
16. 69
17.68
17. 31
Start's, light'g & ignit equip & pts
+.24
3.57
1. 66
3.33
+7
2.62
Elec furnaces, mtl ht-treat'g, indust'L..
+.15
2.43
3.88
3.19
3.73
Transf, pwr & dist, 500 kvt amp & u n _ _
+4
-.12
4.44
-3
2.49
4.56
3.01
Generating sets, self-cont ov % kw
-.68
7.16
-9
4.98
5.80
Swtchb'ds & pnls, & pts, ov 750 v svc. . 7.84
-1.93
12.
62
-13
7.12
14.
55
8.52
Telephone equipment & parts
-2.40
5.91
-29
8.31
6.54
5.33
TV broadcast studio equip & pts
-2.12
-36
5.93
3.81
2.27
2.50
Flee motor cntrls & pts, sp purp
-36
-5.31
9.62
12. 25
14.93
8.09
Generator sets, elec, dsl-cng pwrd
OJ
-1.89
2.74
3.28
2.92
5.17
Communication & signal wire _ -2. 56
—72
1.01
3.57
.76
.87
Converters, rotating, 150 kilwts & ov_._
CONSUMER ELECTRICAL APPLIANCES (INCL. TV & RADIO)
8.52
+1. 83
+27
6.57
6. 69
5.82
Recorders (disc, tape, wire) & pts
+2. 29
14. 34
+19
7.61
12. 05
9.19
TV receiving sets inc chassis
_ ._
15.
61
+.10
15.51
12.08
14.88
+1
Air conditnrs-self contnd-und 2 ton
-.41
5.54
5.95
-7
4.21
3.68
Misc motor-driven appliances & pts
-1.62
8.12
-17
9.74
6.60
5. 74
TV picture tubes
9%
-4.79
17.39
20.80
22.18
22.07
"Refrigerators, elec household
-Phonograph records & blanks (ex MP,
Digitized
FRASER
-1.76
-33
3. 60
5.36
3.88
5.33
sound for
& dictaphone)
_ _ _ _ _
-3.09
2.99
-51
3.13
4.08
6.08
Freezers, elec, farm & home
_.http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
January-June (half-year)
Commodity Group & Product
I960
1959
1901
1962
(Millions of dollars)
COIN-OPERATED MACHINES
Coin-operated park'g meters, turnstiles, game mchs, etc (ex phonog)
2.51
Coin-operated commodity vend'g mchs.
1.38
Coin-operated phonographs, new
6.44
SYNTHETIC FIBERS & TEXTILES
Acetate filament yarn & monofilament..
1.73
Misc. textile mfrs. (man-made fibers)...
5.73
Acetate staple & tow
2 93
Nylon filament yarn, monofil tire cord
& tire cord fabric
__ 18.78
Broad woven fabrics— orlon, dynel,
saran, etc. (ex nylon, ray & acet) __
6.17
1.74
Fabric, resin & plastic ctd, ex pyrox
Man-made fiber— staple & tow (ex
5.48
rayon & acetate)
..
10.14
Broad woven fabrics, nylon
Outerwear (man-made fibers), woven,
7.65
knit or crocheted
Underwear & nightwear (man-made
5.34
fiber)
Woven filament yarn fabrics, rayon or
10.24
acet, not in the gray & not printed
Man-made fiber filament yarns, &
1.39
monofil mt (ex rayon, acet, nylon)
Man-made fiber & tops, sliver & roving
3 07
(ex rayon or acetate)
COAL
167. 76
Coal, bitum., sub-bitum., & lignite
12.55
Coal, anthracite
ALUMINUM
.27
Aluminum & alloy bars & rods (%"+) .43
Aluminum & alloy wire (und %")
.76
Aluminum ores & concentrates
2.17
Aluminum compounds (chemical)
Aluminum & alloy extruded & drawn
1.69
shapes & tubes (ex drn bars, etc)
Aluminum & alloy plates & sheets,
006"_j_
2 48
3.40
Aluminum & alloy scrap, new & old
15.29
Aluminum mtl alloys in crude form
WOODPULP
2.83
Woodpulp, sulfite, bl'chd, paper gr
2.40
Waste paper & paper stock
Woodpulp, sulfite & sulfate, spec'l alpha
26.22
& dissolv'g grade, bleached
6.15
Woodpulp, sulfate, blchd, paper gr
6.22
Woodpulp, sulfate, unbl & semiblchd..
LOGS & LUMBER
2.96
Softwood logs, bolts & hewn timber
.93
Walnut logs, bolts & hewn timber. _ ...
1.91
Hardwood logs, bolts & hewn timber
11.39
Douglas fir lumber 2"+rgh or drssd
HIDES & LEATHER
Cattle, hides ex croupons, butts, & butt
18. 93
bends (dry or wet)
6.68
Calf & kipskins, dry or wet
2.46
Leather, glov & grment, sheep & lamb__
FURS
2.86
Furs, undressed, Northern muskrat
2.67
Furs, dressed or dyed, mink
9.84
Furs, undressed, mink
..
5.61
Furs, undressed, ex mink & N. miiskrat.
MISCELLANEOUS INDUSTRIAL
MATERIALS
2.49
Abrasive papr & clth, ctd w mfd abrsv.
2.25
Metal abrasives, except steel wool..
2.99
Carbon & graphite e^ctrodes
Sulfur, crude
. __
._ 17.21
7.01
Wood rosins, ex B wood resin
2.42
Gum rosin
_
MISCELLANEOUS METAL MFRS.
Misc metal mfrs & pts, ex iron & steel &
7.07
precious metals
_.
7.44
Bolts, nuts rivets, etc, iron & stl
4. 99
Misc hand-operated tools & pts
1 5. 96
Misc iron & steel mfrs. & pts.
8.35
Pipe fittings, steel
_ __ _
8.54
Storage tanks steel
10.15
Tin cans, packers or carmcrv
5.39
Metal bldgs prefab or knockdown
PLASTICS
Misc synthetic resins, unfin, ex lami6.19
nated film & sheet
..
Acrylic & methyl rnethac resin, unfin,
1.98
ex" laminated, ex film & sheet
Vinyl & vin copolymer resins, unfin,
8. 63
incl scrap
Synthetic resin film & sheeting, ex poly12. 45
ethvl'Mic & ex laminated
9.86
Cellulose ester ex unfin ex scrap
__ ._
Styrene polymer & copolymer resins,
60% or ov styrene
_ __ _ 13. 29
Polyethylene resin, unfin, ex laminated,
46. 53
ex film & sheet
4. 56
Alkyd resins, ex lamin, ex film & sheet..
INDUSTRIAL CHEMICALS (EXCLUDING PLASTICS)
Detergent alkylates, organic surface3.72
active agents
Crude coal tar & other crude cylic prod4.40
ucts, misc, ex acids
Misc coal tar & other cyclic intermedi4.18
ates
...
3.83
Kegmtd cellulse rlls & shts ex rayon
30.09
Misc chemical specialty compounds
Rubber compounding agents, coal tar
3.06
& other cyclic — antioxidants
.
10. 10
Misc alcohols incl glycols
5. 73
Flavors & flav extracts natural
7.68
Misc coal tar & oth eye dyes & stains .
CHANGE:
Jan -.Tun '62
from highest of
3 preceding
Jan-June periods
Percent $ Mil.
3.48
1.65
5.96
4.77
2. 56
5.64
6. 3-3
3. 12
4.93
+33
+22
—23
+1. 56
+. 56
-1.51
2.07
8.16
3 97
2.28
9.89
4 64
5.74
13. 39
5.99
+152
+35
+29
+3. 46
+3. 50
+1.35
33.22
25.74
39.97
+20
+6. 75
9.62
1.97
9.63
4.63
9.91
4.55
+3
-2
11.93
11.07
10. 83
9.11
10.58
8.78
-11
-21
9.14
9.98
7.72
-23
-2.26
6.89
6.51
4.94
-28
-1.95
8.04
6.05
6.58
-36
-3.66
1.42
4. 53
2.75
-39
-1.78
4 41
2.81
1.07
— 70
3.34
155.54
9.84
138. 10
8.64
158.05
10.71
—0
-15
-9.71
-1.84
.34
1.05
.64
2.71
.55
1.31
4.65
3.22
3.86
2.92
9.24
5.72
+602
+123
-{-99
+78
+3. 31
+ 1.61
+4. 59
+2. 50
+.28
- . 08
-1.35
-2.29
1.58
2.19
3.04
+59
+.85
4 19
13. 89
72.56
7.96
14. 73
31.43
9.90
10. 92
33.63
+24
—20
-54
+ 1.94
-3.81
-38. 93
5 69
3.31
6.34
4.61
8.48
4.85
+34
+5
+2.14
+ .24
37. 04
11.79
17. 93
36. 99
13.95
21.96
38.53
12.39
15.40
+4
-11
-30
+ 1.49
-1.56
-6. 56
4.80
3.30
2.75
21.58
6.76
3.25
2. 90
12. 19
11.99
5.24
4. 06
13.81
+77
+59
+40
-30
+ 5.23
+ 1.94
+1.16
-7.77
25. 80
5.60
3.66
27.93
7.52
8.85
27.47
5.66
5.62
-2
-25
-SO
- . 46
-1.86
-3.23
2.37
4.09
11.13
8.52
3.18
4.34
10.17
8.25
3.93
4.63
9.15
5.21
+24
+7
-18
-39
+. 75
+ .29
-1.98
-3.31
3.26
1.95
20. 69
13. 02
8.25
3. 05
3. 35
3. 19
16.99
9.36
5.92
4.20
4. 04
3. 65
18.36
9.93
2.64
+29
+21
+14
-11
—24
-08
+. 94
+. 69
+. 46
-2.33
-3. 09
-5.61
8.17
6.31
16. 67
8.75
4. 94
8.38
3.33
7. 62
7.98
6. 23
16.49
9.18
4. 46
7.04
2.40
10.34
9.86
7.63
20.08
10.10
6.41
6.71
3.45
+30
+21
+21
+20
+10
-25
—34
-30
+2. 72
+ 1.6U
+ 1.32
+3.41
+ .92
-2. 13
-3. 44
-1.94
10. 56
14. 09
16. 69
+18
+2. 60
3.11
3.53
4.03
+14
+ .50
9.87
10.87
12. 19
+12
+ 1.32
13.70
11.39
14.72
12. 35
14. 85
11.97
+1
-3
+.13
-.38
16. 45
16. 43
15. 33
-7
-1. 12
48. 13
6. 49
39. 34
4.93
38. 62
4.96
-20
-24
-9. 51
-1.53
+35
+ 1. 62
3.45
4. 59
6.21
11.35
14. 98
18. 65
+24
+3. 67
11.14
5.81
32.44
14.49
6. 61
35.28
17. 26
7.70
39. 54
+ 19
+ 16
+ 12
+2.77
+ 1.09
+4. 26
3.96
13. 02
5.78
8.61
4. 65
10.46
6.98
9. 52
5.18
14.38
7. 62
9.58
+ 11
+ 10
+9
+1
+ . 53
+ 1.36
+. 64
+ .00
Table 4.—U.S. Exports in 1962 (January-June) Compared
Commodity Group & Product
January-June (half-year)
-r
•—I from highest of
1Q62 i 3 P r °ceclins
I
,1 an-June periods
January-June (half-year)
Commodity Group & Product
1962
1959
Percent! $ Mil.
INDUSTRIAL CHEMICALS (EXCLUDING PLASTICS)—Con.
Florida phsphate rock & land pbble
j
Boric acid & borates
|
Misc industrial chemicals
|
Carbon black pigment
•
Additives for lubricat & fuel oil
i
Misc organic chemicals ex cyclic
i
Anti-knock compounds
|
Butanol or butyl alcohol
i
Styrene (monomer)
j
Benzol or benzene
I
Misc mill orgnic acids & anhydrides
j
Caustic soda in pkgs 50 Ibs & over
|
Phthalate esters ex dibutyl & dioctyl !
Mise coal tar & other cyclic acids._1
>
Ethylene glycol
|
Phenol or carbolic acid
j
DRUGS AND MEDICINALS
I
Mise medicinal chemicals, bulk
j
Veterinary rnedicinals & prep
j
Penicillin, bulk
j
Misc drugs & mod prep in dosage form _ |
Vitamin prep—dosage form—ex paren- !
teral solutions & ampoules
|
Mise antibiotics incl compounds & \
mixt cont sulfonamds
|
Prednisolone & preparations
;
Polio vaccines
I
FRUITS & VEGETABLES
Asparagus, canned
i
Peaches, canned
_J
Lettuce, fresh
j
Fruit cocktail, canned
j
Pineapples, canned
j
Raisins & currants, dried & evap
j
Prunes, dried & evaporated
j
Apples, fresh
I
Grapefruit, fresh
j
Oranges & tangerines, fresh
j
Frzn & can orange juice ex can cone
j
Lemons & limes, fresh
|
Potatoes, white, fresh
i
Canned soup, chowder & bullion-Dry white beans, navy or pea
Dry pinto beans
DAIRY PRODUCTS
Nonfat dry milk
Condensed & evaporated milk.
Dried whole milk & cream
III
HI
11.07
10.78
9.52
21.30
18.4/
25.31
7.19
2. 50
5.61
1.27
2.31
7.71
5. 74
4. 18
7. 35
2.81
16. 09
13.02
11.28
25. 32
21.40
48. 14
9. 02
5.81
9.30
4.57
5. 61
6. 83
9. 07
1.43 !
8.03 I
3.19 |
9.17 |
3.00
2.20
10.92
13.87 |
12.01
20.33 !
24. 89
30. o:
42.72
14.05
5.02
6.47
7.86
4.03
5.72
10.15
1. 56
3.26
1.85
26.50 i
! 40.80 !
! 11.13 ;
| 4.26
| 6. 70
! 5. 31
I 3.40
! 4. 49
I
5. 09
;
1.89
1 3. 04
;
. 85
— 21 !
—2
10.75 !
3.95 !
2.43 |
12.07
8.06
34. 48
9. 99
4.31
35. 80
6.17
1.
34.58 ! 29.26
6. 21
8. 00
1. 68
. 64
2.26
3.62
3.21
4.87
6. 02
3.28
4.44
4.57
5.16
22.16
11.90
5.21
4.52
1.56
6. 04
4.73
4.90
6.19
4.03
5.54
4.38
4.92
7.46
7.95
4.87
21.12
12. 20
6.97
7.74 !
3.31
4.29
1.87 !
7.10 '
4.33
7.40
10.19 i
3. 56
5.27 I
6.76
8.61 ;
7.50 i
4. 01
6.94
8.07 ;
8.61 i
5.68
5.32
8.76 |
6.52 ;
6.11
22. 46
20.89 !
12.34
10.88 I
7.65
6. 15 |
3.94 3.39
1.37 :
1.27 !
1.53 | 1.90 i
.76 |
1.67 |
+45
+38
+31
+27
+25
+16
+15
+10
+7
12. 42
8.09
6.34
8.26
11.42
9.43 I
12.09 I
14.35
4.94 I
+28
-29
-58
15.94 i
10.18
3.97 I
-o9
-69
-84
GROUPS DOMINATED BY ITEMS WHOSE EXPORT VALUE
JANUARY-JUNE 1962 WAS SUBSTANTIALLY BELOW THE
HIGHEST, OR WAS THE LOWEST, IN THE 4-YEAR PERIOD.
IN
COTTON, UNMANUFACTURED
Cotton linters
..
._
Cotton, upl, stapl, length, under 1 in...
Cotton, upl, stapl, length, 1 ton 1% i n _ _ _
Cotton, upl, stapl length 1H i & ov
STEEL SCRAP, IRON ORE, & PIG
IRON
Iron ore & concentrates
Pig iron
Iron & steel scrap
_
STEEL MILL PRODUCTS
Steel (carb) billets, blooms & slabs
Steel sheets, galvanized
Plates, alloy stl, (ex stnls), unfab
Steel structural shapes, fabricated
Sheets & strip, electr (silicon stl)
Tin plate, electrolytic, prim'y & secnd'y.
Sheets & strip, hot-rold stl, carb & stnls
(ex alloy stl, ex electrical).
Pipe & tubing, incl stnls, nee (excl stud,
oil country, soil, line etc)
Rails, stndrd T, steel, ov 60 Ib/yd
Oil country pipe, seamless, carbon &
alloy steel
Shapes, struct'l, carb stl, not fabr
Sheets & strip, cold-rold stl, carb <fe stnls
(ex alloy stl, ex electrical)
Plate, black, tin mill
Tin plate, primary, hot dipped
Plates, fabricated, pnchd or shaped
Skelp, all steel grades, & wr't iron
ripe, standard, welded steel & wrought
iron, black—
Pipe, line—welded carb & alloy stl
COPPER
Copper, semifab (ex pipe & tubing,
plates, sheets, barewire & cable)
Refined copper in cathodes, billets, ingots, wire, bars, etc
-Scrap copper & copper base alloy.
Copper ore, cone, matte, & oth unreL..
NONFERROUS
METALS
EXCLUDING COPPER & ALUMINUM
Nickel & alloy mtls, crude bars & rods..
Zinc slabs, pigs or blocks, sp hi gr
Molybdenum ores & concentrates
Nickel & nickel altoy metal scrap
Vanadium pentqxide, oxide, & vandates, & vanadic oxide
PETROLEUM & PRODUCTS
Wax macrocrystalline
Petroleum coke
Lubricatng oil, red & pale—exhyhraulLubrcatng oil, cylinder, bright stck
Lubrcatng oil, automotive engine
Petroleum gases, liquifd, fuel type
http://fraser.stlouisfed.org/
Residual fuel oil
- - - - - - - - - -_
Federal Reserve Bank of St. Louis
CHANGE:
Jan-Tun '02
from highest of
3 preceding
Jan-June periods
Percent
PETROLEUM & PRODUCTS—Con. j
Gasoline blending agents, hydrocarbon i
compounds only
|
Crude petroleum ex shale oil..
._____!
Distillate fuel oil.
_
_.(
Gasoline ex avgas ex natural..
Avgas (ex. jet fuel) 100 oct & ov _
SYNTHETIC RUBBER (EXCLUDING PRODUCTS)
Butyl, N-type & other synthetic rubber
(ex S-type & neoprcne)
(
Rubber & allied gums, naturl & synth, |
compounded or semiprocessed
j
Neoprene (polymers of chloroprene)
I
S type inc latex (cpoly of buta, sty)
i
TIRES & TIRE CASINGS (EXCEPT t
SPECIAL CATEGORY AIRCRAFT |
TIRES)
t
Tire & casings, ofr-the-road, excl farm
tractor & implement.Tires & casings, truck & bus, pneum
Tires & casings, passenger car, pneum._ I
TRUCKS & BUSES
j
Trucks, diesel, ov 19,500 Ib GVW
Spec'l purpose comm'l vehicles, new &
used (inc used trks & buses)
Trucks, gsolne, 6,001-14,000 Ib GVW....!
Trailers & parts (inc truck & truckti actor trailers)
Trucks, gsolne, 26,001 Ib GVW & ov_...
Buses, gasoline
Trucks, gsolne, 6,000 Ib GVW & und...
Buses, diesel & semi-diesel
Trucks, gsolne, 19,501-26,000 Ib GVW_._
Trucks, gsolne, 14,001-16,000 Ib GVW...
Trucks, gsolne, 16,001-19,500 Ib GVW.__
Trucks, maintenance & repair..
TRACTORS
Parts for tracklaying tractors
Tractors, wheel type, 60 & over BHP
(ex contr whl & ind'l type)
Pts for whl type tractors (ex contr)
Tractors, tracklay'g, 75-99 drwbr hp
Tractors, tracklay'g, 155 & ov drwbr hp_
Tractors, tracklay'g. 100-154 drwbr h p _ _
Tractors, wheel-type, 35 & under 50
BHP (ex contr whl & ind'l type)
Tractors, wheel-type, 30 & under 35
BHP (ex cont'r whl ind'l type)
Tractors, tracklay'g, und 50 drwbr hp..
Tractors, tracklay'g, 50-74 drwbr hp
Tractors, wheel type, 50 & under 60
BIIP (ex contr whl & ind'l type)
RAILWAY EQUIPMENT, EX CLUDING LOCOMOTIVES
Railway maint-of-way mach & pts.
Railway signals, parts & accessories
Misc railway transp equip & pts
Electric propulsion motors, etc, for railway transport vehicles
Railway freight cars ex self propel
WATERCRAFT
Parts for nonmilitary watercraft
Motors, outbd-detach-ex dsl & sernidsl__
Misc nonmiltry watercrft—fishing, etc..
Barges, tugs & tugboats
Dredges.2
Tankers
OILFIELD EQUIPMENT & SPECIALIZED MINING MACHINERY
Petroleum & gas field prod eq nee ex
rotary etc drills, rigs, etc..
Rock drills, preum (ex cable)..
Specialized mining machines & pts inc
coal cutting, preparing & load'g
Pts, ace for rot'y drill rigs ex core__
Bits, rotary & core drill & reamers
cont. tungsten carbide
Rotary drill rigs incorp rotary tables
for input 250 hp & ov
COTTON TEXTILES 3
Cotton drills, twills, sateens, gray
Cotton print cloth yarn fabrics, fnshd__
Cotton denims
Cotton print cloth yarn fabric, gray
nee, above 36-32 count
Cotton yarn, carded: singles & plied;
and combed: singles & plied
Cotton remnants & fabrics nee, less
than 10 yards
-.
MISCELLANEOUS TEXTILE MATERIALS
Cotton cuttings, rags & waste
Wool rags & civil clothing, used
Mohair & oth wool-like spec'lty hair
Elastic fabric, wov, knit or braided
ANIMAL & FISH OILS, FATS &
WAXES
Tallow, inedible
.
Lard incl rendered pork fat
Inedible animal fats ex tallow
Fish oils & fish liver oils, inedible, ex
sperm & whale
,._
MEAT (EXCL. POULTRY) AND
FISH
Sausage casings, natural hog-.
Variety meats, fresh or frozen..
Beef tongues & beef & pork livers
Pork, fresh or frozen.
Sardines, not in oil, sealed in cans
Pork hams & shldrs-eured-cookd ex can.
1.31
5.72
3.80 ; 4.22
24.01 :'• 21.00
10.69
8.95
37.76 : 23.85
11. 8S
4.83
12.18
2.44
10.34
7.63
12! 70
.98
2.70
15.93
6.57
20. 24
17.06
11.71 ! 13.69
9.03
13. 54
3.38
10.47
12.66
3.44
12.02
14.80
9. 41
28. 05
11.16 '
9.74 j
7.12 i
47. 18 I
4.86 i
11.29 |
6.62 I
47.31 i
.67 i
14.07
16.11
12.20
21.94
15. 98
9.79
19.22
9. 53
9.82
10. 01
64. 70
2.24
19. 46
8.17
47.16
3.14
7.36
5.87
6.17
49. 55
1. 39
10. 66
8.84
26.12
.92
7.43
6.27
6.68
39. 65
2.69
10. 51
4.00
20.03
1.11
54. 63
54. 28
62. 65
12.07
22.16 I
16.42 !
33.10
23.61
18.99
20.67
11.97
25.05
16.30
16. 54
19.11
14.02
27.56
18. 22
+15
10.07
8.47
2.88 j
5.35 i
13.47 i
5.74
5. 00
11. 77
2.00
5.74
11.68
5.09
-64
2.15
8.02
5. 50
3.25
5.25
5.22
+51
-55
6.38
.42
5.90
.33
14.02
1.12 |
4.67 i
4.82 ^
3'. 18 j
8.98 I
10.91
2.54
3.86
3.71
6.84
3.51
6.80
6.87
3.54
.15
65.47
3.37
9.49
1.71
1.64
.30
1.15
3.21
8.34
1.49
4.23
5.96
.02
6.97
10.71
3.18
1.25
.96
.30
+99
+13
-54
-70
-84
-100
16. 62
8.08
15.64
8.83
15.63
8. 55
19.78
10.06
+19
9.09 i 10.29
32.31 ! 31.76
12.88
23. 55
10.52
24.37
13.33
16. 45
15. 42
11.04
8.92
10. 52
6.16
6.75
-36
.84
13.13
4.42
. 55
15.77
5. 92
.72
15.03
5.54
2.75
13.45
4.24
+227
-15
+14
-83
3.38
2.32
-31
5.60 |
3.85
3.71
-34
6.15 |
8. 97
5.09
-43
6.13
9.76
9.42
6.20
9.04
7.81
6.59
4.18
+24
-24
-39
-40
51. 61
22.63
6.29
-28
-29
5.68
9.47
10.88
5.78
i /.27
i 10.28
! 9.93
! 7.02
t
47. 56
29. 53
4.84
| 5.06
' 3.05
I 10.41
i
1.58 : .64
4.05
1. 14
3.28
2. 26
8.44
1.09
6.93
3.08
9.21
4.69
.69
.84
-6
i
\
\
SURVEY OF CURRENT BUSINESS
December
With Corresponding Half-Year Periods in 1959, 1960, and 1961—Con.
Less than K> of 1 percent.
Represents (a) direct export sales by private U.S. manufacturers and suppliers and (b)
es arranged and handled by the Department of Defense; the latter are included in the
lance-of-payments tables (see pp. 12, 13) under "Military transactions (sales)''rather than
der " M erchand ise (exporis)."
Largely represents transfer of vessels to foreign flags.
Due to the large number of new cotton textile classifications established duu ring the:past
out as the few isolated bright spots in
the nonfood consumer goods export
picture.
Military equipment sales
The sharp and uninterrupted rise
since 1959 in non-aid exports of military-type equipment has been among
the largest of any category. Dollar
sales of such "special category" items
rose to an annual rate of nearly $1K
billion in the first half of 1962. While
such "special category" exports include
primarily sales (through both Government and commercial channels) of
goods destined for military end-use,
they also include exports of aircraft
tires, aircraft engines, and some other
civilian-type goods.
Machinery—a
dynamic
export
A most striking feature of table 4 is
the lengthy and impressive array of individual kinds and groupings of machinery which rank high as expanding exports. This is particularly true
of technologically-advaneed and custom-made types of equipment, as illustrated by the dramatic gains scored in
such exports as paper and packaging
machinery, plastic making machinery,
seamless hosiery machinery, almost
every variety of machine tools, elec-
tronic computers, measuring and testing instruments, and research laboratory apparatus.
Also prominent on the list of expanding machinery exports are cranes, excavators and other heavy construction
and earth-moving equipment, as well
as numerous other items of the more
traditional types such as engines, power
boilers, pipe valves, ball bearings and
pumps.
Although exports of a few prominent
machinery groupings—including electrical, agricultural, and conventional
type office machinery—are not doing
quite so well relatively, they continue
as substantial contributors to our export trade. Only two groupings in the
machinery category—mining (including
oilfield) equipment, and tractors—
underwent extensive declines from previous highs.
Crude food
gains; processed
lags
Next to machinery, agricultural products—particularly foodstuffs—have the
next largest representation on 1962's
list of rising exports. Significant and
broadly based gains have been made in
exports of grains, fats and oils, tobacco,
and other traditional mainstays of our
agricultural trade, but poultry and instant coffee stand out as the only proc-
Technical Note
Table 4 presents the condensed results of an examination of
all 2,600-plus individual export commodities comprising the
Census Bureau's Schedule B Export Classification and
covers a span of four successive semiannual periods, 1959
through 1962 (January-June).
In addition to reducing the original mass of data to manage-
tno value in the highest oi tne preceding three January-June
periods; also shown are the value changes involved in each
case.
The product groups have been characterized under three
major classifications, as follows:
Section I. Groups dominated by items whose export
value in January-June 1962 was the highest
of the 4-year period.
Section II. Groups composed of items showing only
moderate change between January-June
1962 and the best performance of the 3 preceding periods: includes groups showing
mixed trends.
Section HI. Groups dominated by items whose export
value in January-June 1962 was substantially below the highest, or was the lowest, in
the 1-year period.
The Culling Process
The 2,600-plus original Schedule B export items were culled
to the relatively small number presented in the table according to the following criteria:
1. All items that did not record an export value of at least
$2.5 million in at least one of the four January-June periods
were eliminated.
2. Among the items remaining, those which did not record
a value change of at least $1.5 million (up or down) between
January-June 1962 arid any of the preceding corresponding
periods were additionally eliminated, except that—
3. All items with an export value of $10 million or more
were retained, regardless of whether they met the requirement set by criterion 2, above.
Some of the entries in the table represent aggregates of
individual items. Certain closely similar individual commodities, or commodities serving essentially the same function, were combined including cases where one or more single
items would otherwise fall outside the criteria set for inclusion
in the table. Examples of aggregates are iron and steel scrap
(5 items combined), and soybean oil (3 items combined).
Coverage
By use of the above criteria, the 461 individual items presented in the table provide from 75 to 80 percent value coverage of all 2,600-plus export items for each of the periods shown.
Moreover, these same relatively few items account for from
90 to 95 percent of the year-to-year (January-June) changes
in total U.S. domestic exports, excluding military aid.
The employment of these criteria, however, necessarily
leads to an under-representation of commodities listed under
Section II since items valued under $10 million which showed
only a moderate value change (less than $1.5 million) between
the current year and any of the three preceding periods were
eliminated by criteria 1 and 2, above.
essed foodstuffs to appear in this first
section of table 4. Advances made in
exports of the latter two products were 1
partly offset by declines in meat and
fish. (It will be recalled that, on the
import side, meat and fish were expanding items.)
Tt is also noteworthy that exports of
fresh as well as processed fruits and
vegetables have benefit ted from the
partial liberalization measures adopted
during the past several years by a
number of Western European countries, though such exports (see second
section of table 4) continue to be hampered by numerous European import
restrictions.
Industrial materials decline
Just as machinery and foodstuffs
have comprised the strongest elements
of the nation's recent export picture, so
industrial materials have constituted
the weakest segment of our 1962 export
trade. This is, again, the converse of
the situation in our imports.
Although during the earlier phase of
the 1959-62 upswing, exports of most
types of industrial materials had undergone a major expansion, demand from
Europe and Japan for numerous major
items comprising this cyclically sensitive category has since declined. In
looking at the third section of table 4.
one can note the magnitude and widespread nature of the declines in exports
of such prominent groupings as unmanufactured cotton, iron and steel
scrap, steel mill products, nonferrous
metals, petroleum products, and synthetic rubber.
A number of other industrial materials reveal mixed tendencies and appear in the second section of table 4.
Among these are plastics and industrial
chemicals, synthetic fibers and textiles.
and aluminum.
Consumer goods
Exports of many prominent nonfood
consumer items are not included in table
(Cft'/'tfinue.fJ on paye (28)
By L. JAY ATKINSON
Agricultural Production and Adjustment
Rapid Reduction in Farm Population—Increased Efficiency in Production—Per Capita Incomes Advance
J_N contrast to the rise in the nonfarm
economy, farm production and income
in 1962 are about even with 1961. For
production this means that output,
equal to the high point reached last
year, is 7 percent above the 1957-59
average. Farm incomes this year and
last year have been well above other
recent years except 1958. Average incomes on a per capita or per farm basis
have shown a considerable rise in the
past few years due to declining trends
in the number of farms and farm population. The income per capita of farm
residents including income from nonfarm sources has risen in relation to that
of nonfarm residents in recent years and
the ratio of farm to nonfarm per capita
income is exceeded in only 2 years (1948
and 1951) in the past three decades, as
shown in table 1.
These comparisons are based on new
series of the Department of Agriculture
which incorporate 1959 census data and
new definitions. The income concept
for the farm population is now on a personal income basis and is a component
of OBE's personal income series. The
new estimates show a more rapid adjustment in agriculture than had been
apparent previously.
The changes which are occurring are
quite diverse, representing both an acceleration of long-standing trends, and
some new developments. The forces
making for change include rapid technological advances and spreading urbanization which have brought increased specialization and enlargement
of farms, primarily through two developments: (1) a substantial decline in
the number of small and less productive
farms. Commercial agriculture has remained in firm hands—mechanizing,
enlarging and renting the land of the
withdrawing small operators. (2) The
exit of the small-farming group into
nonfarm pursuits. Specifically, a large
proportion of the young adult group
coming of age to enter the labor force
lias gone into nonfarm jobs and usually
into nonfarm residence. The part-time
http://fraser.stlouisfed.org/
Federal Reserve Bank24of St. Louis
O
C5
group living on farms and working off
farms, which had shown a rise in earlier
periods, remains large, with its percentage share of households rising, although
the absolute numbers are moderately
lower than 5 years ago.
In addition to the longer term trends
in agriculture, current developments in
the principal aspects of the farm
economy are of special interest. These
include a reduction in surpluses of feed
and food grains, and an increase in
stocks of cotton and of dairy products.
Current Supply-Demand
One of the substantial changes in
agriculture in recent years has been the
check in the accumulation of wheat
stocks and the passage of legislation
for a new control program to be effective for the 1964 crop. Carryover of
wheat had reached a high of 1.4 billion
bushels on June 30, 1961. It was
reduced 100 million bushels in the crop
year ended June 30, 1962 as drought
conditions reduced yields and exports
were expanded to a record rate of
over 700 million bushels.
The wheat harvest this summer was
again reduced with a voluntary diversion program and a mandatory 10 percent cut in acreage from the 55-million
acre allotment of many years standing.
Although exports—at about 600 million bushels—are expected to be somewhat below the record rate of the past
2 years, the estimated carryover as of
next June is expected to be reduced
another 100 million bushels.
For the crop to be harvested in 1963,
the voluntary diversion program is
again to be in effect, but the mandatory
cut in acreage is not—i.e., the 55million acre allotment is restored for
one %year. Thus, production may be
up somewhat from the past year and
carryover stocks may not show much
change.
For the 1964 crop a new program
goes
into effect. The old 55-million
o
acre minimum allotment which resulted
in a buildup in stocks is to be discon-
tinued and the Secretary of Agriculture
is authorized to set an allotment which
will provide some reduction in carryover.
Prices are to be supported at two
levels via a marketing certificate program. Wheat for domestic food and
for some portion of exports is to be supported at between 65 and 90 percent
of parity (i.e., between $1.60 and $2.20
per bushel, based on current parity
prices). For the remaining wheat, a
lower price support is provided, consistent with the value of wheat used as
a livestock feed and with world wheat
prices.
Feed surplus reduced
Feed grain stocks have shown a more
substantial reduction than wheat (or
food grains). Beginning with a peak
carryover of 85 million tons from the
1960 crop, the total was down to 71
million tons this fall and is estimated to
CCC LOANS AND INVENTORIES
FOR PRICE SUPPORT PROGRAMS
Surpluses Have Been Reduced
Billion $
10
Tota/
'6
Feed Grains •
1
1955
I
57
59
Fiscal Years
61
63
Mote: Inventories are on a revised accounting basis and not
•directly comparable with those published previousl/r
Data: U.S. Dept. of Agn.
U.S.
Department of Commerce, Office of Business Economics
December 1062
decline to 57 million tons at the end of
the 1962 crop ye&r. The cut in surplus
has been accomplished via a temporary
diversion program together with increased utilization of grain both in the
United States and abroad.
A voluntary reduction program is to
be in effect for the 1963 crop, similar to
those of the past 2 years, except that
the support price is increased from
$1.20 per bushel to $1.25 and is to
include an 18jz£ payment as well as a
$1.07 support price. A new feature is
that the payment will be made on
production utilized on the farms of
cooperators as well as upon that portion
sold. Previously, support benefits were
available only for grain sold. The other
principal change in the 1963 program is
that diversion payments are to be at a
lower rate than in 1962.
Cotton stocks higher
With some increase in acreage and
good yields, cotton production at 14.7
million bales in 1962 is higher than in
other recent years. Domestic consumption is lagging and exports have
been running below the high rates of
a few years ago. As a consequence of
these developments stocks are again
rising from the low point reached in
1961.
Carryover at the end of the
1962 crop year may be about 9 million
bales, up 2 million from 2 years earlier.
The acreage allotment has been reduced
for the 1963 crop but possible new
legislation may permit a higher allotment.
Offsetting changes in livestock output
Milk production has been higher in
1962 than a year earlier, but demand
has not kept pace. Increased marketings did not offset the effects of lower
support prices for dairy products so
cash receipts from sale of milk and
cream are down slightly. Price supports for manufactured dairy products
were lowered in the spring of this year,
following a decline in consumption of
daiiy products in 1961 and an increase
in production during the year. Support
purchases have continued upward during the past 2 years, and account for
about 9 percent of milk production in
1962.
Although distribution of CCC
dairy products has increased, stocks
lu.ve shown a large rise.
Meat animal production has con
tinued to expand at a moderate rate
http://fraser.stlouisfed.org/
GO us 11—02—-—4
Federal Reserve
Bank of St. Louis
SURVEY OF CURRENT BUSINESS
comparable with the expansion in Hog price changes reflect both the
demand. Prices have been well sus- greater volatility of supply than in the
tained, and cash receipts from market- case of beef and the pronounced conings have been well ahead of 1961. sumer preference for beef that has
The number of cattle has been ex- become especially evident in recent
panding for about 5 years, but unlike years. Research is being done to
the preceding cattle cycle of rapid change the character of pork to meet,
expansion followed by sharp liquida- changing consumer tastes, but signifition, the current rise is more moderate. cant shifts have not yet occurred in the
Thus, slaughter has expanded concur- pork that is being marketed.
rently with the buildup in herds whereas
Accelerated Changes in
in the earlier cycle cattle and calf
Farming
slaughter was curtailed to build up the
Aside from the current shifts within
breeding herd.
A large part of the current rise in agriculture, basic changes are occurring
beef production is in increased grain in the farming industry. One imporfeeding or "finishing" of steers and tant trend is the rise in aggregate
heifers. Not only is such expansion output of farm products at an average
well adapted to the rising demand for rate of 2 percent annually. (See top
high grade beef, but it is rather stable panel of the chart on page 26.) Alfrom the supply side. This is because though rising exports have absorbed
the turnover of cattle sent to the feed- part of the in crease in output, the suslot is shorter than the turnover of cows tained rise in production has exceeded
and calves kept to increase production. that in consumption and surpluses
Beef production in 1963 is expected to have been substantial (see chart, on
continue upward, possibly a little faster page 24). Preliminary estimates for
1962 indicate little change in aggregate
than the increase in population.
output
from last year.
There has been a shift in hog producThe
long-term
rise in aggregate outtion during the past year. The pig
put
has
been
accompanied
by a more
crop this spring was smaller than a year
moderate
advance
in
farm
GNP of
earlier but the fall crop was larger than
around
1%
percent
annually
during
the
in 1961 and increased pork production
past
two
decades.
Farm
GNP
is
one
is expected in the period ahead. Hog
prices were strong through the summer of the industry breakdowns of GNP
months, but price weakness developed presented for major industries in the
in the fall of 1962 and prices are ex- October 1962 SURVEY OF CURRENT
pected to be somewhat lower in 1963. BUSINESS. For farms, the gross productis the value added by agriculture, after
Table 1.—Per Capita Personal Income of
adjustment for utilization of interFarm and Nonfarm Population
mediate products—such as feed, fertilPer
Of farm population
Of nonizer, fuel, etc. Deductions from agcapita
farm
from—
popula- income
gregate farm products are made for
tion
all
from all sources,
N onYear
off-farm supplies used up and for interFarm
All
far in
sources
farm as
sources sources sources
percentfarm
sales—e.g., feeder livestock sold
age of
nonfarm
to cattle-fattening farms—so as to
eliminate double-counting. The differDollar* Dollars Dollars Dollars
Percent
166
67
512
32.4
1934
99
ence between the rate of advance in
161
250
1940
89
699
35.8
aggregate output and in farm GNP
700
528
172
1,334
1945
52. 5
reflects the increasing proportion of
220
743
963
63.0
1948
1, 529
intermediate products consumed. In
884
1950
622
262
1.618
54. 6
the past two decades, intermediate
754
1,043
289
1.765
19 >l
59. 1
723
301
1,024
1.854
1952
55. 2
products have risen from about 30
693
315
1 953
1.008
52.
5
1,919
691
1954
308
999
1,889
62. 9
percent of total farm output to 45
638
960
1955
322
1.997
48.1
percent.
642
351
993
1956
2. 103
47 2
376
1.066
690
2. 166
1957
49' 2
The increase in farm GNP has been
805
39
>
1
197
1958
2 165
55. 3
1959
713
431
1, 144
2, 276
50. 3
accompanied by a roughly comparable
464
1.255
791
2. 309
19(50
54. 4
expansion in the stock of agricultural
1961
474
1, 373
2, 345
899
58. 6
capital (including land) utilized and a
Source: U.S. Department of Agriculture.
sharp drop in labor employed, principally that of the farm proprietor, and
r
f
December
SURVEY OF CURRENT BUSINESS
FARM OUTPUT AND PRODUCTIVITY
AGGREGATE OUTPUT Has Risen at an
Average Rate of About 2 Percent Annually
FARM GNP (Value Added by Farms) Has Risen
At a Rate of About 1-1/2 Percent
Billion 1954 $
50
Total Farm Output
40
\
30
Intermediate Products Consumed
(Feed, Fertilizer, etc.)
20
10-
• INTERMEDIATE PRODUCTS CONSUMED
Have Risen at a Rate of 4 Percent
60
RATIO OF INTERMEDIATE PRODUCTS
CONSUMED TO AGGREGATE OUTPUT
50
40
30
1940
45
50
55
65
60
• Farm GNP Per Man-Hour Has Shown
Accelerated Growth Since 1950
7 Percent Annually in the Past Decade
3-1/2 Percent Annually in the Preceding
Decade
• Ratio of Output to Capital Has Been Stable
(ratio scale)
$ 3 00
$.30
GNP PER UNIT OF:
Capital Investment
(right scale)
2,00
,20
.10
1.00
.80
• Farm GNP Per Unit of Capital and Labor
Has Advanced at a ...
3 Percent Annual Rate in the Past Decade)
1-1/2 Percent Annual Rate in the Preceding
Decade
Index, 1957-59= 100 (ratio scale)
150
GNP PER UNIT OF INPUT
Rapid adjustment in agriculture
TOO
In broad terms, the increased rate of
output either per unit of labor or per
80
60
1940
unpaid family labor.1 As a consequence
farm GNP per dollar of investment has
remained virtually stable during the
past two decades, (as shown in the
chart on page 26) and farm GNP per
hour of labor has shown a strong advance, averaging 5 percent in the past
two decades, and increasing to a 7
percent average annual rate of change
in the past decade.
If capital and labor are considered
together, as in the last panel, then farm
GNP per unit of total input has risen
at an average annual rate of a little
less than 2 percent in the past two
decades and about 3 percent in the past
several years. It may be noted that
these rates of change are about the same
as those derived by the Department of
Agriculture for a similar relationship
between total inputs into farming of
both farm and nonfarm resources and
aggregate farm output. Since these are
different concepts, changes in the ratio
of value-added (Farm GNP) to farm
inputs might diverge from changes in
total output per unit of total input,
although they have been broadly similar
in the past two decades.
For some comparisons, the total input-output ratio is the more appropriate
concept, e.g., when total demand or
supply of agricultural commodities is
involved. On the other hand the farm
GNP per unit of capital and labor is
appropriate when one wishes to compare resource use on the farm with resource use elsewhere. Thus, it may be
noted that farm GNP per unit of capital
and labor has advanced moderate!}7
faster than the comparable ratio for the
nonfarm economy in the past decade.
One caution is that the individual
year comparisons are not very meaningful, partly because of the importance
of weather conditions upon crop yields.
The combination of a rather steady rise
in inputs and of considerable year-toyear fluctuations in output results in
rather large annual shifts in the outputinput ratio which are often clue to
temporary influences.2
45
50
55
65
60
No}*: Calculations based on Constant (1954) JolJarS
U.3. Department of Commerce, Office
Basic data; U.S. t D»pt. of Agn,
of Business Economics
62-12-5
1. The estimates of depreciable capital stocks in agriculture
vary with the assumed rate of depreciation. The statements
above are based upon the stocks estimate of the Department
of Agriculture in constant dollars including land as shown in
the Balance Sheet of Agriculture.
unit of labor and capital combined in
recent years reflect a more rapid adjustment of agriculture than in earlier years.
This acceleration is becoming more
evident as the results of the 1959 Census
of Agriculture become available and are
incorporated into the principal agricultural annual series on farm income and
population. Preliminary results from
the sample Census for 1960 indicate a
further substantial change in that year.
Labor force figures for 1961 and 1962
suggest further decreases in agricultural
employment.
The scope of the changes in agriculture is suggested by the recent revision
in farm population for 1960 from 20.5
million to 15.6 million.3 Although the
Table 2.—Food Production, Consumption,
and Prices
WholeCivilian
Food
sale price
marketper
capita
of
ings and
food con- processed
home
foods
sumption
consumption
Year
19,5.5
195(5
19,57
195S
..
-
95
100
°<7
100
19-59
103
19HO
19(>1
!%'> e
107
107
10.5
100
102
100
99
94
94
98
103
101
101
101
101
99
100
101
i 101
Consumer
price of
food
94
9">
9K
102
100
101
103
i
104
p Preliminary.
1. Based on 10 months' average.
Source: U.S. Department of Agriculture and U.S. Department of Latior.
old series on farm population had indicated a sizable withdrawal of population from farms, the new series show
that the decline had been even more
rapid. On the basis of the former
series, farm population declined 4/2 million in the decade ending in 1960,
whereas the revised series show a drop
of 7.4 million. The preliminary esti2. In constructing the input index, average 1940-49 rates of
remuneration for capital and labor were used for that decade
and average 1950-59 rates were used for subsequent years.
The rate paid to hired farm labor was also applied to family
labor, and the residual return rate on farm capital for each
decade was used for each year of the period, and the two series
were linked together at 1950. Since the amount of labor is
decreasing rapidly and the amount of capital is showing some
rise, it can be deduced that an increase in the wage rate which
results in a considerable reduction in the residual return to
capital will produce a more rapid rise in the output-input
ratio.
3. Only a part—less than 1 million—of the revision in farm
population is attributable "strictly" to the change in the
definition of a farm. Most of the revision is due to an improved procedure of separating farm from nonfarm residence
mainly on the basis of farm products sold. As a result of
new questions asked in the 1960 Census it has been established that several million persons who say that they "live
on farms" are not in fact part of the farm population. These
include persons who rent a house and yard in the open
country as well as those whose places should not have been
called a farm by either the old or the new definition.
SURVEY OF CURRENT BUSINESS
December 1002
mate for 1962 is 14.3 million, a further agriculture has shown no appreciable
drop of 1.3 million in the subsequent change in the past 15 years during
2-year period. Although the farm pop- which period the number of farm
ulation is now about one-third smaller operators has dropped by a half. The
than a decade ago, it is significant that appropriate figures are shown in table
the absolute decline has shown no 4, based upon the census series (now
slackening. It has held around 750,000 published by the Department of Labor)
annually, and in recent years this has in which workers are classified by their
been about 4 percent of the farm popu- principal employment. The Departlation. The Department of Agriculture ment of Agriculture series, which inhas estimated that there is still con- cludes all part-time farm employment,
siderable disguised unemployment on shows the same general trend in this
farms amounting to the equivalent of respect, although the total number
more than 1 million full-time workers reported doing some farm work is
substantially higher than the classifiwho are not needed for farm work.
The reduction in farm population is cation of the census of those whose
quite selective as to age-groups and principal occupation is in farming.
implies rather fundamental changes. Mention has been made that the deThe sharpest reduction in age groups cline in farms has occurred chiefly in
on farms has occurred in the 20-29 small and low-output farms. Such
year-old classes, despite a continuing farms have few hired workers. Since
higher proportion of 15-19 year-olds the larger farms have not reduced their
than in the nonfarm population. The employment of hired workers, all of the
migrants from farms have been con- decline in farm employment has thus
centrated in the }Toung adult group— occurred in the self-emplo^yed or farmaround 20 years of age. In general, as operator group and in the unpaid
the young people from the farms enter family worker group.
A part of the decline in farm populathe labor force, they go directly to
nonfarm jobs and nonfarm residence tion and in the number of farms is
without first taking farm employment attributable to a somewhat more restricand later transferring to nonfarm jobs. tive definition of a farm, but the subThe sharp decline in the number of stantive change is that less productive
young adults on farms in the 20-29 farms have ceased agricultural operaage group has also brought a decline tions at a rapid rate in the past decade.
in the traditionally high farm birth
FARM INVESTMENT HIGH
rate. Thus, in 1960, the proportion
Plant and Equipment Expenditures for Farm and
of children under 5 years of age was
Nonfarm Sectors as a Percent of Their GNP
lower on farms than in urban areas,
Percent
whereas the proportion 5-9 years of 30
age was larger in farm than in urban
areas and the 10-19 age group was
considerably larger in farm areas.
Decline in farm -opera tors
Farm
Perhaps, the most surprising aspect
of the decline in farm employment is
that the number of hired workers in
20
Table 3.—Percent Distribution of U.S.
Population by Age, by Residence, 1960
Age
Total
i Urban
Rural
farm
Table 4.—Agricultural Employment
[Millions]
Persons 11 years of ago and over
Yeur
1947
1950
1953
1956
Hired
workers
..
1959.
1960
1961
1962 !
Self
Unpaid
employed family labor
1.7
1.7
1.5
1.7
5.0
4.3
3.8
3. 6
;5
1.7
1.9
1.7
1.7
3. 0
. L
.1
.0
.0
2. S
2. 6
.3
1. First 10 months average.
Source: U.S. Department of Labor, Bureau of Labor
Statistics. (This series was formerly published by the
Bureau of the Census.)
Specifically, the former small-scale farm
operators have sold the chickens and
milk cows and quit farming generally to
take nonfarm jobs or occupations as
part of the increased specialization in
agriculture. The number of farms with
either milk cows or chickens dropped
rapidly in the 5-year period 1.954-59,
and for the decade such farms declined
about 50 percent. This decrease in
numbers has brought about a considerable increase in the average scale of
farm operations.
The number of farms with sales of
less than $2,500 annually declined by
nearly one-third between 1954 and
1959, from 2.7 million to 1.9 million,
using the 1954 definition of a farm, or
to 1.6 million on the basis of the new
definition. The total number of farms
with sales of over $2,500 was relatively
stable, with a decline of about onefourth in the number with sales of
$2,500 to $5,000, little change for the
$5,000 to $10,000 sales group, and a
rise of more than one-third in those
with sales of over $10,000. The rising
proportion of farms with higher sales
reflects a sharp rise in sales per commercial farm during this period as \vell
as some consolidation of farms. An
additional change is a very large rise in
leasing of additional land by farm
owners in order to obtain a larger and
usually lower-cost operating unit.
10
Scale of operations increases
All ages
100.0 I
100.0
100.0
Under 5 years
5 to 9 years.
10 to 14 years
15 to 19 years
20 to 29 years
30 to 39 years
40 to 44 years. _ __ _
45 to 64 years
65 vears and over
11.3 1
11.2
10.0
8.8
7.0
12.5
14.1
6.6
20.6
9.1
9.9
11.0
11.6
9.4
8.4
10.7
6.3
23.2
9.3
10.4 '
9.4 |
7.4 S
12.1 i
13.7 i
-_ .
- -
6.5
20.3 i
9.0
Source:
U.S. Department of Cornrnerc<e, Bureau of the
Census.
I
1950
1955
1 I
f i l l
1960
Data; SEC & OBE
U.S. Department of Commerce, Office of Business Economics
62-12-6
The increase in scale of operations is
perhaps most clearly seen in a comparison of changes in production of corn
by size of farm during the decade of the
fifties. Between 1949 and 1959, corn
harvested for grain increased 13 percent
to 3.7 billion bushels in the latter year.
28
For all farm groups of less than 80
acres in size, there were appreciable
declines in output during the decade,
ranging from a drop of over 50 percent
for those of less than 10 acres to a 15
percent decline in output for the 70 to
80 acre group. For the middle-size
group from 100 to 180 acres, changes
in output were generally small, with
some decline in the lower part and some
rise in the upper range. For the groupings of farms above 180 acres, increases
in output were considerably above average, as the following tabulation shows:
SURVEY OF CURRENT BUSINESS
than in the United States. But a much
more significant factor is the mounting
wall of foreign restrictions encountered
by American manufacturers—tariffs,
surcharges, quotas—which severely limit
or entirely prohibit the importation of
complete units.
Unfortunately, both passenger car
and truck parts for assembly are included in a single "basket" export
Foreign Trade
classification. Hence to what extent
(Continued from page 23)
the decline in exports of trucks may
4, an in diet ion that such items were have been compensated for by an ineither (1) too insignificant to show sep- crease in exports of truck parts for
arately since they amounted to less than assembly cannot be determined.
Size of increase
Size, of farm
in output
$2.5 million during any one of the four
180-220 acre
one-fourth
The rise in exports of tractor parts
220-260 acre
nearly one-half
half-year periods; or (2) were valued at and the decline in exports of completed
260-500 acre
three-fourths
500 or more acres
doubled
more than $2.5 million and less than tractors (see third section of table 4)
$10.0 million, but changed by an insig- may also constitute closely related deFarm, investment stays high
While the use of manpower on farms nificant amount (less than $1.5 million velopments. Moreover, at least part
has declined, there has been a high rate from 1962 to the lowest or the highest of our relatively high exports of parts
of capital investment throughout the of the three preceding years). Passen- for products such as pumps, typewriters,
postwar period. With the development ger car exports were among the few adding machines, and agricultural maof the new annual estimates of corpo- notable exceptions, since their perform- chinery—listed in Sections I and II of
rate and manufacturing GNP,4 a com- ance in the first half of June 1962 topped the table—was undoubtedly destined
parison may now be made between farm that of each of the preceding January- for assembly plants abroad.
and noiifarm capital expenditure in re- June periods.
U.S. machinery aids buildup of
lation to output in each of these sectors, Lull in transport equipment
competing industries abroad
as shown in the chart on page 27. In
The third major export category disthe period since 1950, farm capital inAlthough the major contribution of
tinguished
by its relatively poor showing
vestment has ranged between 16 and
U.S. capital equipment exports to the
20 percent of farm GNP. In the past in 1962 was commercial transportation buildup of basic manufacturing indus2 years, it has been 17 percent. Al- equipment. Exports of trucks in Janu- tries abroad is well known, the relationthough well below the peak rate reached ary-June were, in fact, the lowest for ship between such exports of technoin 1958, it is about average for the any comparable period since 1950, re- logically advanced or custom-built
flecting a decline in shipments of almost
postwar period.
equipment and our exports of other
Nonfarm corporate capital invest- every individual type and size. Truck goods is perhaps less clearly defined.
ment has been running between 10 and and bus tires, and railway equipment The data in table 4 afford some inter13 percent of corporate GNP during were also in greatly reduced demand. esting evidence bearing on this very
the same period, reaching a peak in Although aircraft exports continued important tie-in.
1957 and ranging lower in subsequent large in the first half of 1962, they have
To cite an example—circular hosiery
3Tears. Manufacturing capital invest- since declined from this high rate to knitting machinery occupies a promiment in relation to manufacturing the lowest value since early 1959.
nent place among the numerous indiGNP has been quite similar to corporate Parts for assembly rising
vidual dynamic export performers withthroughout the period.
in the specialized industry machinery
The
automobile
industry's
record
One reason for the higher rate of ingrouping. By way of contrast, our
vestment relative to output in farming exports of parts for assembly during exports of nylon hosiery which as
as against noiifarm industries is simply 1962 provide an illustration of still recently as 1955 had amounted to $17
a reflection of the fact that more capital another significant development in our million, have since become so low that
is used per unit of output in farming export trade-—the growing tendency on they did not warrant separate identifias compared with noiifarm activities. the part of a number of domestic manu- cation in table 4. Similar contrasting
Since the late 1920's gross stocks of facturers to supply foreign demand from movements are shown in the table for
depreciable capital in agriculture have assembly and other manufacturing' facil- exports of cotton textile machinery and
increased considerably more than out- ities abroad rather than from facilities cotton textiles; plastic manufacturing
put, in contrast to the nonfarm trend, in the United States. This trend may machinery and polyethylene resins:
which has shown a declining stock- be in part an indication that for rubber manufacturing machinery and
output ratio. The use of a net stock- some products the cost of labor used in synthetic rubber; and rubber tire and
such operations averages lower abroad
4. See "GNP by Major Industries," SURVEY, October
tube building machinery and rubber
f,. See "Expansion of Fixed Business Capital in the United
1962and "Corporate Profits and National Output," SURVE y
1
tires
and tubes.
States.
'
SURVEY,
November
1962.
November 1962.
output ratio gives varying results,
ranging from no change to a slight increase, depending on the depreciation
variant used to derive net stocks.5 In
this particular instance the gross stocks,
which show the greater increase in agriculture, appear to be a somewhat closer
measure of capital in use.
December 1002
BUSINESS STATISTICS
A HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the July 1961 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
I960 | 1961
1959
III
Annual total
1961
1960
IV
I
II
III
IV
II
I
1962
| III
I
IV
II
III
Seasonally adjusted quarterly totals at annual i ates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
National income, totalt
Compensation of employees, total.
Wages and salaries, total
bil. $__
400.5
415.5
427. 8
400.6
403.9
413.9
417.2
416.6
414.4
411.8
424. 3
431.3
444.0
448.9
456.7
459.8
do
278. 5
293.7
302.2
280.2
283.0
290.6
294.6
295.8
293.9
294. 1
300.2
304.5
309.9
315.2
321.7
323.8
do
258. 5
213 1
9 9
35. 4
20.1
46.5
35.1
11.4
11.9
271.3
"2 9
9.9
38.5
22.4
46.2
34.2
12.0
11.9
278.8
227. 0
10.2
41.6
23.4
47.8
34.8
13.1
12.3
259.9
214.4
9.9
35.7
20.3
46.0
35.4
10.6
11.9
262.5
216.5
9.8
36.1
20.6
45.9
35.1
10.8
11.9
268. 5
221.6
9.8
37.1
22.0
45.2
34.5
10.7
11.9
272.2
224.4
9.8
38.0
22.3
46.9
34.5
12.4
11.9
273. 3
224. 2
9.9
39.1
22.5
46.3
34.1
12.2
11.9
271.3
221.6
10.0
39.7
22.6
46.5
33.8
12.7
12.0
271. 2
220.8
10.0
40.4
22.9
46.5
33.7
12.8
12.0
276.9
225 8
10.0
41.2
23.2
47.2
34.5
12.7
12. 2
281.0
228 8
10. 0
42 2
23.5
48.1
35.1
13.1
12.3
286.1
232 5
10 8
42.8
23. 8
49 5
36.0
13.6
12.5
289.9
235 0
11 2
43.7
25.2
49 1
36.2
12.9
12.6
295. 9
240. 1
11.2
44.6
25.8
49. 5
36.8
12.8
12.8
297.8
241 4
10.9
45.5
25.9
49.7
37.0
12.8
12.9
Military
do
Government civilian
do
Supplements to wages and salaries
do
Proprietors' income, totalo"
do
Business and professionalcf
do
Farm
do
Rental income of persons _..do
Corporate profits and inventory valuation adjustment total
bil. $
47.2
45.6
45.5
46.1
46.0
48.6
46.2
44.4
43.3
40.1
45.0
46.0
51.1
50 4
50 7
51.0
47.7
23 2
24.5
13.7
10.8
45.4
22 4
23.0
14.4
8.6
45.6
22.3
23.3
15.0
8.3
o
45.3
22.0
23.3
14.2
9.0
7
49.2
24.3
24.9
14.3
10.6
— 6
46.4
22.9
23.5
14.2
9.2
9
46.5
22 6
23.9
14.1
9.8
5
— 9
43.3
21.4
21.9
14.4
7.5
12
42.8
21 1
21.7
14.5
7.1
5
39.8
19 4
20.3
14.7
5.6
3
44.8
21 9
22.9
14.8
8.1
2
46.3
22 6
23.7
14.9
8.7
— 3
51.4
25 1
26.3
15.5
10.8
_ 3
50.1
24 4
25. 6
15.8
9.9
3
50.9
24 9
26.1
15.8
10.3
— 2
51.1
24 9
26.1
15.8
10.3
— i
do
16 4
18.1
20.0
16.4
17.0
17.6
17.7
18.2
18.8
19.1
19 8
20.3
21 0
21 5
22.0
22.5
do
482 7
503.4
518.7
482. 7
488.5
501.7
504. 8
503.7
503.3
500.8
513 1
522.3
538 6
545 0
552.0
555.3
Personal consumption expenditures, total.. do
313.5
328. 5
338.1
316.7
318.8
323. 9
329. 9
329.8
330. 5
330.5
335. 5
340.1
346.1
350.2
354.9
358.2
Du r able goods total 0
do
Automobiles and parts
do
Furniture and household equipment -.do
Nondurable goods, total 0
do
Clothing and shoes
_._
__.
do
Food and alcoholic beverages
do
Gasoline and oil _
_
do
Services, total 0
do
Household operation
_
do
44 8
18 8
19.1
151 8
28.1
79.5
11 7
131 9
19 6
41 8
10 7
43 7
17.2
19.3
155. 2
28.6
81.1
11.9
139 1
20. 6
43.9
11 1
44 9
18.9
19.2
147.7
27.7
77.4
11.3
124 0
18 2
39. 9
10 2
43 1
16. 9
19.3
148.9
27.8
78.3
11.3
126 8
18 8
40.3
10 5
45 1
19 0
19.3
150 0
28.1
78.5
11 5
198 9
19 2
40 9
10 6
45 8
19 5
19.2
152 6
28.3
79. 9
11 6
131 5
19 6
41 7
10 6
44 5
18 3
19.1
152 5
28.4
79. 5
11 7
132 8
19 7
42 2
10 6
44 0
18 3
18.7
152 3
27 8
80.2
11 9
134 2
20 0
42 6
10 7
40 8
15 4
18.4
153 5
28 1
80.3
11 9
136 2
20 2
43 1
10 9
43 5
16 9
19 2
153 9
?8 0
80.6
11 7
138 0
20 6
43 6
10 9
44 0
16 9
19 7
156 2
29 0
81.5
11 9
139 9
20 7
44 1
11 1
46 6
19 4
19 8
9
157
9
92
82.1
do
do
43 6
18 1
18.9
147 1
27.5
77.7
11 1
1?2 8
18 1
39 6
10 0
46 3
19 1
19 7
159 9
29 8
83.7
12 1
144
1
9
13
45 ?
11 5
47 2
20.3
19.3
161 3
29.8
84.2
12.3
146 3
21.8
45.7
11 5
47 1
19 3
20.1
163 0
30.3
85. 3
12 5
148 1
21.9
46 2
11 6
Gross private domestic investment, total
do
72.7
72.4
69.3
68.8
73.2
79.1
73.5
70.3
66.5
60.1
New construction
Residential nonfarm .
_ ._
Producers' durable equipment
Change in business inventories
Nonfarm _ _
_
do
do
do
do
do
40 2
22.3
25 9
6 6
6 5
40 7
21.1
27 6
4 i
3.7
41.6
21.0
25 5
21
1.9
41 0
22.6
26 6
1i
1.1
39 6
21.3
26 4
71
7.0
40
21
27
10
10
40
21
28
4
4
7
2
4
4
1
40 5
21 0
27 7
2 1
17
40 7
20 5
26 8
—1 1
—1 5
do
do
do
— 8
22.9
23 6
2 9
26.4
23 5
4 0
27.3
23.3
— 5
23.8
24 3
0
23.8
23 9
14
25.3
23 9
2 4
26.5
24 2
2 8
26.5
°3 6
Govt. purchases of goods and services, totaL.do
Federal (less Government sales)
do
National defense 9
do
State and local
_
do
97.2
53.6
46.2
43 6
99.7
53.2
45.7
46 5
107.4
57.0
49.0
50 4
97.8
54.0
46.4
43 8
96.5
52.8
46.1
43 7
97.2
52.5
45.4
44 7
99.0
53.1
45.8
45 9
476.1
244.0
91 5
152.5
175 8
56 3
499 4
254.1
95 0
159. 2
188 6
56 7
516.6
257.2
94 0
163.3
200 7
58 6
481 5
247.0
93 1
153.9
177 6
56 9
481.4
245. 7
91 9
153.8
181 3
54 4
490 8
251.3
94 0
157.3
183 8
55 8
6.6
35
3.1
4 1
2 3
1.8
21
1i
—2 0
3.'l
71
26
4^5
10 8
86
2^2
Corporate profits before tax, total
do
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
do
do
do
do
__
Net interest
-
Gross national product, totalt
Housing
Transportation
_
Net exports of goods and services
Exports
Imports ._
By major type of product:*!
Final sales, total
._
Goods output, total _ _
Durable goods
Nondurable goods
Services
Construction
-_
___.
Inventory change, total ._
Durable goods
Nondurable goods
do
__do
do
do
do
do
do_.
do
do
o
2.1
r
Revised.
f, Devised
Re vised series. Estimates of national income and product and personal
__.
income have been revised back to 1959; revisions prior to May 1961 for personal income appear
on p. 13 of the July 1962 STRVEY,
^Includes inventory valuation adjustment.
0In-
9
5
4
8
6
r> i
14°
21
44
11
3
0
8
4
67.6
72.4
76.6
75.9
77.4
76.3
3
0
4
6
9
41 0
20 1
24 6
21
18
42
21
25
4
3
43
22
27
6
5
41
21
27
6
6
6
2
6
7
6
44 5
23.3
28 9
4 0
3.9
46 1
24 3
29 2
10
10
4 9
27.2
22 3
5 3
27.4
22 2
4 0
26.4
22 4
2 8
26.9
24 1
38
28.3
24 5
3 7
28.2
24 5
3 7
29.0
25 3
2 5
28.3
25 8
100.8
53.6
45.7
47 2
101.4
53.6
45.8
47 8
104.8
55.4
47.7
40 4
106.0
56.6
49.0
49 4
106.9
56.5
48.4
50 4
112.1
59. 5
50. 8
59 6
115.2
61.9
53.0
53 3
116.0
62.1
53.2
54 0
118.2
62.7
54. 0
55 5
500 4
256 2
96 9
159.3
187 7
56 4
501 5
254 9
94 8
160.1
189 9
56 8
504 4
254 1
94 2
160.0
193 1
57 ?
504 4
251 6
90 2
161.4
195 9
56 8
511 0
254 4
92 6
161.8
199 0
57 5
518 3
257 8
94 3
163.5
201 3
59 2
S39 6
265 0
98 8
166.3
206 6
61 0
538 3
268 2
99 9
168.4
211 1
59 0
547 9
272 6
102 6
170.0
213 5
61 8
554 2
274 7
103 0
171.7
215 9
63 6
4 4
2 8
1.6
21
10
—1 1
—3 3
2.2
—3 6
—5 5
L9
21
—1 3
3.4
4 0
3 4
.6
6 0
3 5
2. 5
6 7
3 5
3.1
4 0
19
2! 2
10
19
-.9
i!i
39
19
24
—3
—3
6
9
8
0
8
2
8
4
0
9
eludes data not shown separately.
9 Government sales are not deducted.
data back to 1947, see p. 35 of the July 1962 SURVEY.
*For quarterly
s-1
SURVEY OF CURRENT BUSINESS
S-2
1959 1 1960 1 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Annual total
1961
1960
I
11
December 1002
III
IV
II
I
1962
III
IV
1963
III
II
1
I
IV
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
!
NATIONAL INCOME AND PRODUCT— Con.t
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, totalt
Personal consumption expenditures, total
Durable goods
Nondurable goods
Service5*
-
bil. $_
428. 6
440.2
447.9
440.9
442.3
439.7
437.7
433. 9
443.9
450.4
463.4
467. 4
470.8
471.6
do
288.9
298. 3
304.3
295. 6
299. 7
299.1
298.8
298. 2
302. 5
306.0
310. 6
313. 9
316.9
319. 0
do
do
do
41.0
138. 7
109.2
42. 2
141.4
114.7
41.6
143.3
119.4
42.4
140.6
112.6
43.0
142.3
114.5
41.8
141.9
115. 4
41.8
140.7
116.3
39.0
141.5
117.7
41.3
142.3
118.8
41.7
144.4
120 0
44.4
144.9
121.4
44.1
147.0
122. 8
44.6
148.1
124. 1
44.6
149.5
125. 0
_
do
61.7
60.7
57.8
66.7
61.5
58.6
55 8
50 0
56 5
60 4
64 1
63 3
64.1
62 4
New construction
Producers' durable equipment
Change in bu^ines^ inventories
do
do
do
34.4
21.4
34.3
22.7
34.8
21.1
3.7
2.0
34.2
23.3
4.0
34.0
22.7
1.9
34.3
22. 2
33.0
20. 1
-3.0
34.3
20 2
2.0
35 6
21.3
3 5
36.1
22.7
5.4
34.6
22. 8
5.9
36.7
23.8
5.9
34.6
22.6
9.6
3.7
37.7
24.0
.8
Met exports of goods and services
do
-2.1
1.5
1.8
.2
1.0
1.5
3.3
3.5
1.7
1 4
1.3
.7
-.3
Government purchases of goods and services, total
bil $
Federal
do
State and local
do
80.1
43.9
36.2
79.8
42.3
37.4
84.0
44.5
39.4
78.4
42.0
36.4
80.0
42.9
37.1
80.5
42.7
37.8
79.9
41.8
38.1
82 2
42. 9
39. 2
83 3
44.4
38.9
83 3
44 1
39 2
87 °
46 7
40.5
88 9
48.3
40. 6
89.2
48.6
40.6
90 5
49. 0
41.5
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rate*
Personal income total
hil $
T/e*^* Personal tax and nontax payment 5 *
do
Kquals' Disposable personal income
do
383. 1)
46.8
337. 1
400. 8
51.4
349.4
416. 4
52. 8
363. 6
395. 4
51.4
344.0
401.4
51.9
349. 6
403. 1
51.4
351. 7
403. 7
50. 9
35°. 7
405. 4
51 0
354. 3
413. 5
52 5
361 0
419 4
53 0
366 3
427 3
54 6
37'? 6
432. 0
56 4
375 6
439. 5
57. 7
3S1.8
442.6 '
58 5 i
384. 1
23.6
20. 9
25. 6
20. 1
19.7
22.0
99 9
23.8
25. 5
26 5
25 4
26. 9
26. 0
Gro^s private domestic investment total
Personal savin ^ §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
A 11 industries
bil. $ .
Manufacturing
Durable goods Industries
Nondurable goods industries
_
Mining
Railroads
Transportation, other than rail
Public utilHIos
Commercial and other
do .
do ...
do
do
do
..do
do
do
9
6 3
!
i
8.14
8.92
8.59
7.89
9. 28
8.98
9. 53
7.57
8.61
8.65
9.54
is. 02
9.50
'9.62 j i " 10.28
3.02
1.44
1.57
3.62
1.80
1.82
3.42
1.57
1.85
3.09
1. 55
1.54
3. 76
1.88
1.88
3.62
1.80
1.81
4.01
1. 95
2. 06
3. 00
1.41
1. 59
3.46
1.58
1.88
3.31
1.50
1.84
3.88
1.79
2.09
3.14
1.44
1 . 69
3.69
1.77
1.92
r 3. 72
r 4. 2fi
3. 33
rl.79
r 2 . 15
1. f;7
2.11
1. 76
.23
.51
.25
.26
.48
.24
.17
.46
1.38
2.92
. 22
.25
.47
1.18
2.69
.27
.29
.55
1.42
2.99
. 25
.24
.47
1.50
2.90
.24
.25
.46
1.58
2.99
.21
. 17
.41
1.09
2.69
.26
. 18
.48
1.39
2.85
.25
.16
.47
1.50
2.94
.26
. 16
.50
1.54
3.20
.26
. 16
.47
1 . 06
2. 94
1.37
3.30
1.42
2.72
1.42
2.89
'1.93
t
r
.28
30
24
r 21
. 50 ! f . 48
1. 54
r i 5Q
r
3. 35
3 53
T
. 26
r
.60
r
r
Seas. adj. qtrly. totals at annual rates:
All industries
do
35.15
36.30
35. 90
35 50
33 85
33 50
34 70
35 40
35 70
36 Q5
r 3£ 35
Manufacturing
Durable goods industries
NondurableCToodsindustries
do
do
do
14.10
7.15
6. 95
14.70
7.40
7.30
14.65
7.35
7.30
14.40
6. 85
7.55
13 75
6 50
7.25
13 50
6 20
7.30
13 65
6 10
7 55
14 00
6* 40
7 60
14 20
6 55
7.60
14 45
6 95
7 50
r
1.00
1.05
2 00
1.00
1 . 00
1 90
5 60
11.75
.90
1.00
1 80
5 70
11.65
.95
. 70
1 75
5 35
11.30
1.00
. 70
1 80
5 go
11.05
1,00
.65
1 90
5 65
11 85
1.00
.60
1 95
5 55
12 35
1.15
. 70
° 05
5 1'
12 45
o oe
11.35
'> 15
5 70
11.60
5 40
12 85
4. 780
4.790
4,800 !..
8. 093
8.282
4 032
* 746
\ 450
< 223
1.059
4 130 '
730
1 473
291 ;
1.118 !
Mining_.
Railroads.-
___
do
do_ _
__
Public utilities
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
-_thous._
3
4, 583
'* 4. 65S
3 4. 713
4, 690
4, 710
4. 720
4, 730
4,740
4, 750
4. 760
4. 770
U.S. BALANCE OF INTERNATIONAL
PAYMENTS!
Quarterly Data are Seasonally Adjusted
IT. S1.. payments, recorded
mil. $.. 29, 548
31,317
31, 805
7, 549
7, 690
8, 000
8. 078
7, 690
7,411
8, 082
8. 622
14,514
2, 947
5. 462
878
4, 051
3. 801
771
1.347
204
768
3, 836
758
1, 375
205
833
3, 664
797
1, 368
211
826
3, 422
1, 327
222
978
3. 369
770
1, 309
221
962
3,417
756
1, 337
221
804
3,840
699
1,388
216
1,094
3 888
722
1.428
220
1,191
658
324
236
98
683
271
209
203
1,134
415
170
549
1. 407
684
235
488
1, 059
457
120
482
876
269
218
389
845
429
194
222
1.173
320
474
379
Imports:
Merchandise
Military expenditures
Other services..
Remittances and pensions
Govt. grants and capital outflows
...
Tj.S. private capital
Direct investments
Long-term portfolio
Short-term
U.S. receipts, recorded
Exports:
Merchandise
Services and military sales
Repayments on U.S. Govt. loans
Foreign capital other than liquid funds
do
do
do__
...do .._
do
15,310
3, 107
4. 925
791
3, 040
14,723
3, 048
5,417
do .
_ _ _ _ d o ._.
do
_do__
2, 375
1.372
920
3, 882
1, 694
3, 405
3 920
752
I 390
234
' 1,040
11
1,338
_._do
25.. 393
27, 984
29, 946
6, 865
7,055
7, 002
7. 062
7. 400
7,953
6. 979
7. 614
r
do
do
do
do
16, 282
7,194
1, 054
19, 459
7, 554
636
19 915
8, 151
1,274
606
4 r,57
1. 827
170
211
4 876
1,909
147
123
4 940
1, 843
172
47
4 98(]
1. 975
147
-46
5 061
2^008
133
198
4 768
2! 060
851
274
4 940
1, 951
81
/
5 146
2,132
209
127
r
-4, 155 -3, 333 -1,859
-684
-635
-998
-140
— 159
—297
-775
-1,157
-1,313
K xcess of recorded receipts or payments ( — ) _ . _do
do
Total, net receipts (+) or payments (— )
do
.do
863
412
850
335
-592
-602
-3, 743 -3, 925 -2,461
335
-524
129
4
-680
-290
29
-319
-444
-80
Total, excluding special transactions
do
-4,078 -3, 401 —2, 590
-680 ' -695
r
Revised.
? Preliminary.
1
Estimates for Oct.-Dec. 1962 based on anticipated capital expenditures of business.
2
Estimates for Jan.-Mar. 1963 based 011 anticipated capital expenditures of business.
Anticipated expenditures for the year 1962 are as follows (in bil. $): All industries, 37.41;
manufacturing, total, 14.80; durable goods industries, 7.15; nondurable goods industries,
7.65; mining, l.ll; railroads, .86; transportation, 2.04; public utilities, 5.47; commercial and
http://fraser.stlouisfed.org/
other, 13.13.
3
Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1962
Federal Reserve Unadjusted.
Bank of St. Louis
-1.016
-1,157
-869
542 -1,103 -1,008
—366
176
724
-319
-548
193
-910
-75
-835
r
T
-520
-888
947
230
397
320
7.685
fj Qg3
2.r 189
143
4
290
r
r
r
r
583
' 400
r 284
r
101
f
8, 001
106
r
—492
100
2, 326
'220
' 116
T
92
r
lr 3g 35
2 37 ~Q
14 95
7 TO
7 ^"
r 7 gQ i
r
1. 10
r
7 75
1. 00
r . 80
1. 15
. 70
r 13 4Q 1
]'-! 70
13 ^)
r
1. 15
610 '
300 i
137
173
8,057
2, 200 .
616
71 | .
1
-225 .. .
134
494
' -226
' -719
r
76
'">f,
17
, 40
1 Q7
3 2fi
15 05 i r 1 5 "0
c QOQ
r
r
' -598
400
-1.408
8. 283
r
3,953
1,475
1, 006
1,472
Unrecorded transactions.
Major special transactions
842
r
1.05
.05
28.4s
473 ..
' -592 ' -302 -1,192
j
__
SURVEY OF CURRENT BUSINESS
December 1962
1960 | 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
S-3
1961
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov. *
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:t
Total personal income
_ _.
1
400. 8 1 416. 4
423.6
427.8
430.5
428.8
431.9
435.2
438.3
439.7
440 7
441.9
443.0
443.5
do
271.3
278.8
283.6
286.4
288.3
287.4
290.2
292.2
295.3
296.0
296.9
297.8
298.1
298.0 ' 298. 5 299. 4
Commodity-producing industries, total-do
Manufacturing only
do
Distributive industries
-do
110.4
87.4
71.8
110.8
87.5
72.9
113.1
89.4
73.6
115.0
91.1
73.5
114.9
91.5
74.5
113.8
90 8
74.4
115.2
92.0
75.0
116.1
92 8
75.4
118. 2
94 4
75.8
118.2
94 5
76.1
118.1
94 5
76.2
118.4
94.5
76.4
118. 1
94 1
76.6
117.9 ' 117. 8
94.0 '93 9
76.7
76.9
do
do
-- -do
40.7
48.4
11.0
43.4
51.8
11.4
43.9
53.0
11.5
44 2
53 7
11 6
44 9
54.0
11 6
44 9
54 4
11 8
45 1
55 0
12 0
45 3
55 4
12 1
45 6
55 6
12 2
45 9
55 8
12 3
46 5
56 0
12 4
46 7
56 3
12 4
47 0
56 5
12 4
47 0
56.4
12 4
47 1
56 7
12 5
47 1
57 7
12, 5
do
do
34.2
12.0
34 8
13.1
35 6
13.5
36 1
13.8
36 2
13.5
36 1
13 1
36 2
12.8
36 4
12 9
36 6
12 8
36 8
12 8
36 8
12 8
36 9
12.7
37 0
12.8
37 0
12.9
37 1
' 13 2
37 °
13 3
11.9
14.4
25.8
29.4
12.3
15.0
27.4
33 4
12.4
15.3
27.9
33 5
12 5
15 4
28 1
33 8
12
15
28
34
12
15
28
33
12
15
28
33
12
15
29
34
12
15
29
34
12
15
29
34
12
15
29
34
12 8
15 7
29 8
34 2
12
15
30
34
12 9
16 0
30 2
34 5
12 9
' 16 1
30 4
r 35 5
16 °
30 (')
35 8
10.4
bil. $__
Wage and salary disbursements, total
Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm
--
Rental income of persons
do
Dividends
_ _ _ __
do
Personal interest income
do
Transfer payments
do_
Less personal contributions for social insurance
bil. $__
Total nonagricultural income
do
5
9
4
0
6
6
6
9
6
8
8
8
7
9
0
5
7
8
2
2
8
8
4
2
8
8
6
1
9
7
0
5
445.6
447 4
117. S
94 0
76.8
19 Q
9.2
9.7
9.8
9.9
9.9
10.3
10.4
10.4
10.5
10.5
10.5
10.5
10.5
10.5
10.5
384 7
399 1
405 9
409 5
412 7
411 6
414 8
418 0
491 9
422 6
490 c
424 8
425 9
426 4 r 428 2
430 G
2,892
3,061
4,849
4 258
3 344
3 244
2 413
2 531
2 248
2 365
2 428
2 792
3 272
3 827
4 983
2,834
2,937
4,368
4,046
3,245
3,179
1 546
1 633
411
953
233
2,308
850
1 458
383
813
2?7
2,310
708
1 60'?
431
904
243
2,153
615
1 538
412
862
9
30
2,342
2,407
S73
1 534
418
8'>4
237
2,717
1 209
1 508
395
857
241
3,181
1 463
1 718
385
1 046
271
3,543
1 «38
1 705
380
4,435
9 3^8
1 015
294
9 107
396
1 366
394
88
96
113
193
99
81
113
112
113
111
131
136
126
145
171
125
182
217
155
114
82
139
126
118
133
144
142
146
155
176
140
204
235
174
' 117. 7 '122.2
123.0
FARM INCOME AND MARKETINGS^
Cash receipts from farming, including Government
payments, total cf .
- mil. $__
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:cf
All commodities1947-49= 100..
Crops
do_
Livestock and products -- -_
- -do
Indexes of volume of farm marketings, unad justed :c?
All commodities
1947-49=100—
Crops
-do
Livestock and products
-- do
1,259
1,576
395
882
273
1 319
1 618
409
918
265
2,419
1 949
403
1 238
294
2 291
1 755
389
1 070
*282
1 691
1 554
410
858
263
116
117
116
121
123
119
179
226
143
166
214
129
133
158
114
131
144
120
95
79
107
95
66
118
133
131
135
136
131
140
201
243
170
188
231
155
146
163
133
146
163
134
106
gq
Jig
105
67
134
qg
51
133
110
55
150
118.3
118.2
119.9
113.9
1 1 Q ft
1 90 A.
11 Q 9
114 0 r H7 6 r 122 8 r 123 9
120 5 r 121 g
112 8
113 6
114.5 ' 123. 6 ' 125. 7 ' 126. 5
101 0
106 4 r 106 5 r iog 3
667
1 675
441
949
251
p;7
g9
4, 100
2 200
1 900
INDUSTRIAL PRODUCTION J
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) \.- .1957-59 =100—
By industry:
Manufacturing total
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities.
-do
108.7
109.8
117.1
115.8
114.0
113.1
116.4
118.1
108 9
108 5
109.5
101 6
115.6
109 7
107 0
112.9
102 6
122 8
117 7
114 1
122.3
106 0
116 3
115 1
117.9
105 3
114 0
115 1
112.6
104 6
m
1 1 R ft
112 9
112.5
10g 1
1 1 ft fi
118 6
118.6
103 5
104 Q
118 8
119.1
105 5
do
do
_do
do
109 9
111 0
115 9
109.4
107.6
111 3
11? 7
112 0
112.9
108.3
119 0
192 7
126 5
121.4
111.1
117 0
118 9
128 7
115.8
112.9
115 2
115 1
127 0
111.3
115.4
113 8
113 9
120 1
112.1
113.6
118 6
118 7
1^7 4
116.1
118.3
1 1 ft R
e
1 1 9. 9
124 3
114.8
116.1
129 3
115.3
118.6
128 4
115.1
119.1
128 8
119.1
121.1
117 5
116 5
118 8
116.0
119.6
do
do
do
107 6
106 6
108 7
108 4
104 8
112 1
115 4
112 4
118 5
114 7
112 0
117 5
112 9
110 8
115 1
112 6
109 5
115 7
116 1
113 4
118 8
1176
115 3
120 0
1 1 ft 9
1180
116 9
1 1 Q A,
116 5
119 7
11 R 7
116 1
q
m
110 7
108 7
112 7
r 121 1
r
do-
108.7
109.8
113.5
114.8
115.6
114.3
116.0
117. 0
117.7
118.4
118.6
119.3
' 119. 7
r
do
108 9
109 7
113 5
115 0
115 9
114 4
116 3
117 4
118 1
118 8
118 9
119 7 r 120 3
do
do
do
do
do
_do
108 5
101 3
100 9
102.8
107 6
106 1
107 0
98 9
96 5
107.5
106 5
105 2
111 2
106 7
103 8
113.2
111 3
109 4
113 0
106 2
103 9
115.9
113 5
109 8
114 5
111 0
110 6
119.2
113 3
110 0
113 2
111 9
112 9
117.6
111 0
107 3
115 4
117 5
117 7
122.0
111 9
108 6
116 5
116 6
118 5
120! 6
113 6
110 9
118 5
11^ 4
112 6
118.6
116 3
113 7
118 2
101 3
96 5
120.8
117 4
115 7
117 7
96 8
gq 5
118.2
118 5
116 4
118 7
96 6
87 8
117. 9
118 8
115 6
7
116 6
116.6
103 7
11 Q R
118.4
121.8
107 5
120.2
120 H
121. S
106 3
By market grouping:
Consumer goods
Automotive and home goods.
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials
_
Seas, adj., total index (incl. utilities)*
By industry:
Manufacturing, total
Durable manufactures 9
- Primary metals
Iron and steel—
—
Nonferrous metals and products
Fabricated metal products— _
Structural metal parts
Machinery
Nonelectrical machinery
Electrical machinery
116 7
m
n
m
118 5
121 3
m
q
119 4 r 195 0 r 126 1
118 8 r 126 3 r 127 7
10^ 2 r 12g 5
138 5
124.3 ' 125. 7 r' 124. 4
120.6 '122.
122. 8
r H6 1
111 3
r
9
119 8
99 1
92 1
r H9 6
r H6 7
122 6
119. 9
119.5
119. 5
r 119 g
119 8
119 8
r Hg g
118 "'
100
93
112. 9
119 9
115 2
'118.3
r H9 3
r H5 1
110 4
106.5
115 7
113 9
110.0
119 0
114 7
110.1
120 9
116 8
111.6
123 6
115 6
110.1
122 9
117 5
112.4
124 3
120 9
115.2
126 8
1^2 9
117.8
129 7
14 5
120.0
130 4
125 9
121.8
131 3
154
121.9
130 1
126 5
124.6
129 0
r 126 3
r 123. 9
_do
do
do
108.2
124 3
93.4
103.6
111 9
95.7
107.0
116 0
98.5
112. 2
125 1
100.4
113.7
127 9
100.6
112.5
126 9
99.6
113.4
126 2
101. 5
113.4
126 3
101.4
116.8
134 4
100.7
119.4
139 1
101.' 6
116.8
132 0
103.0
122.1
141 3
104.7
r 122.0
r 13g 1
r 122. 0
r 13g g
Instruments and related products
do
Clay, glass, and stone products
do
Lumber and products
do
Furniture and fixtures
____do
M is cellaneous manufactures
do
116.5
107.8
102 1
115.5
111.2
115.8
106.3
101 3
115.3
112.8
118.0
108.5
99 9
120.6
117.3
119.4
107.9
101 6
123.2
119. 4
119.8
106.0
102 4
123.2
118.3
118.9
104.4
96 5
118.3
116.9
118.5
105.1
109 2
120.8
115.5
119.0
104.8
107 9
124.0
119. G
122. 3
110.3
106 4
126.6
125.5
122. 6
111.9
107 1
129.3
125.2
124.7
112.5
107 5
129.2
125.5
124.9
113.7
103 4
127.7
126.9
Nondurable manufactures __
_do
109.5
116.5
112.9
117.5
117.7
Textile mill products
_do
105.0
113.0
106.9
113 7
114 1
112 1
Apparel products
do
111.9
116 5
119 8
118 9
Leather and products
do
100.2
99.6
107.3
102.7
104.9
Paper and products
do
116.4
107.7
119.3
113.7
118.2
r
Revised.
» Preliminary.
1
The total and components are annual totals.
tSee corresponding note on p. S-l. cfRevised beginning 1959; revisions prior to May
1961 will be shown later.
9 Includes data not shown separately.
tRe vised series. The index has been revised to reflect (1) shift to new comparison base
period, 1957-59=100; (2) revision of seasonal adjustment factors back to 1957; and (3) interim
117.3
114 6
116 0
103.0
119.0
r
r 99 g
r 92 g
110 8
108.8
113 6
Transportation equipment.
Motor vehicles and parts
Aircraft and other equipment
120 0
117 0
123 1
r 120 5
do_
do
do
9
r
129 6
98 8
r 91 7
' 120. 4
r H7 4
r H5 1
11^
114
125 4
' 123. 0
128 6
125
122
128
r
122
139
108
122. 4
r 139 1
107.3 ' 106. 7 ' 107. 5
125.8 r 124.3
114.9
114. 9
107 4 r 107 6
128.3 '129.2
r
123.3
124. 4
r
122 4
1 99 Q
134
120
121.4
mi
115
123.8
' 112. 9
r
101 7
127.3
122. 8
124
112
127
123
120. 8 ' 121. 4 '121.0
121.0
120.3
121. 4
116 6 r H7 1 r H5 9
114 8
117 1
119 2 r Hg 1
119 3
118 4
100.6
100.5
103.8
106.6
121.1 120.5 r 120. 9
119.6
118.7
adjustments in the annual levels of eight series (apparel, food, and chemical groups) since
1957. For figures back to Jan. 1947 for total and summary groups (seasonally adjusted) arid
a detailed description of the current revision, see the Oct. 1962 Federal Reserve Bulletin; other
information and earlier figures for all series appear in the separate Federal Reserve publication, "Industrial Production—1957-59 Base."
115.9
113 4
115 5
100.1
117.3
118.6
116 8
116 5
104.0
120.7
117.5
115 0
117 6
105.5
117.5
119.6
116 1
118 3
102.9
119.9
SUEVEY OF CUERENT BUSINESS
S-4
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
December 1962
1962
1961
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov. v
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION J— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes— Continued J
By industry— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59= 100. _
Newspapers
- -do _
Chemicals and products
do
Industrial chemicals
do__
Petroleum products
do
110.0
107.3
116.6
120.1
106.5
111.5
106.0
123.3
129.6
108.7
112.6
106.7
129.0
138.7
111.7
113.1
107.6
130.0
139.1
111.3
113.0
107.9
130.0
139.0
110.7
113.5
108.6
128.4
138.6
112.2
114.2
109.4
131.1
140.4
111.1
114.1
108.6
131.8
141.0
114.0
114.4
107.5
131.6
142.2
109.6
114.9
107.9
135.7
145.8
112.6
114.7
108.6
137.1
147.7
115.1
115.7
110.3
137.6
149.7
113.4
do
do
- -do
do
- -do -
111.0
106.6
106.9
104.9
107.4
111.9
110.3
110.6
107.9
110.8
120.3
111.9
111.8
111.4
113.8
120.8
112.8
113.1
110.1
114.1
125.1
112.0
112.4
108.7
112.4
119.6
111.4
112.0
108.1
109.1
120.5
111.7
112.2
109.3
111.1
119.9
113. 2
113.4
112.2
116.8
124.0
112.3
113.6
105.2
110.3
130.2
112.9
113.9
107.3
112.5
132.8
112.9
113.5
109.4
108.2
133.4
136.1 r 134. 8
114.3 ' 114. 0 ' 114. 3
115.1 ' 115. 5 ' 115. 5
108.0
105.9
109.7
116.0
112.0
113.4
do
do
- -do
do
do
101.6
93.7
101.0
100.9
111.8
109.8
102.6
90.1
103.1
103.0
111.9
109.4
104.4
94.9
104.1
103.8
115.5
111.3
105.2
96.9
104.6
103.2
122.4
107.7
104.7
96.9
104.4
102.8
125.0
102.2
104.0
98.0
103.9
102.7
129.4
94.5
104.3
95.2
103.8
103.2
131.7
100.6
104.8
96.3
104. 2
102.4
128.9
102.7
105.5
97.6
105. 3
104.1
120.0
106.9
104.8
92.2
104.7
104.1
116.6
115.1
104.6
91.8
105.3
105.6
109.5
113.8
106.1
91.8
107.4
107.7
110.4
114.5
105.5
93.7
106.2
106.7
104.1
117.9
' 105. 8 '106.6
93.8
94.0
' 107. 4 107.3
' 107. 8 ' 106. 7
••97.9
113.4
' 118. 2
114.5
106.2
96
106
106
--do
do
do
115.6
115.7
115.1
122.8
123.2
121.5
126.5
127.2
124.4
126.7
127.3
124.7
127.3
128.0
125.4
128.8
129.8
125.5
129.0
129.6
126.9
128. 8
129.5
126.5
128.1
129.3
124.2
129.8
131.8
123.6
132.4
135.1
123.8
133.5
136.2
132.3
134.5
' 132. 3 ' 133. 5
134.2
133.5
do
do
do
109.9
111.0
115.9
111.3
112.7
112.0
114.8
115.9
116.2
116.4
117.5
121.8
116.9
117.9
124.6
115.7
116.5
122.6
116.8
117.3
121.8
118.2
118.8
122.7
118.5
119.1
126.5
120.2
121.1
128.9
120.6
120.9
126.5
121.7
121.7
127.9
Automotive products
do__
Autos
_- -- do
Auto parts and allied products.. _do
123.2
131.4
112.5
111.8
108.6
116.0
116.4
114.4
119.0
127.3
131.5
121.6
130.8
136.1
123.7
127.8
132.8
121.1
123. 7
125.5
121.4
122.6
123.8
121.0
129.4
133.9
123.5
132. 8
140.8
122.3
126.8
129.3
123.6
135.2
142.4
125.7
134.1
140. 0
126.3
' 135. 2
141.2
' 127. 4
135.4
142.1
126.6
Homo goods 9
Appliances, TV, and radios
Furniture and rugs
110.8
108.8
111.9
112.2
109.9
112.8
116.0
113.8
118.5
117.9
115.7
120.7
120.3
116.3
120.1
118.8
114.0
118.5
120.4
116.0
121.0
122.6
120.3
121.5
124.4
123.8
123.8
126.0
124.2
124.5
126.2
123.3
126.5
122.7
118.5
124.3
121.2
115.2
125.4
' 122. 2
' 115. 8
127.9
121.1
116.7
126.2
Apparel and staples
do
Apparel, incl. knit goods and shoes.do
Consumer staples
do
Processed foods
do
109.4
108.6
109.6
106.9
112.9
109.0
114.0
110.5
115.8
112. 6
116.7
112.8
116.1
113.9
116.8
112.7
115.8
114.6
116.1
111.6
114.6
110.2
115.8
111.3
115.9
113.2
116.6
111.5
117.6
116.0
118.0
113.2
117.0
116.5
117.1
113.6
118.4
117.1
118.8
114.3
118.9
118.0
119.2
112.8
119.8
118.0
120.3
115.9
' 118. 7 '119.7
118.1
116.5
119.7 ' 120. 2
' 115. 6 '115.6
119.9
120
120.1
120
Beverages and tobacco
Drugs soap, and toiletries
Newspapers, magazines, books.,
Consumer fuel and lighting
-
do __
do
do
do_ _.
105.7
115.3
111.7
112. 8
109.5
120.7
114.9
119.2
112.8
123.7
116.6
122.4
112.1
125.2
115.9
122.5
110.7
125.2
115.2
122.7
108.4
123.6
116.2
124.2
109.9
126.6
116.9
124.3
113.7
127.5
116.6
124.8
106.9
125.8
115.7
125. 1
109.1
129.9
117.4
126.9
109.0
131.9
117.7
130.7
110.9
131.5
117.7
128. 3
108.0
131.0
117.0
127.0
110.7
132.0
'117.0
T
128 5
Equipment including defense 9
do
Business equipment
_
do _
Industrial equipment
do
Commercial equipment
do. _
Freight and passenger equipment .-do
Farm equipment
-do. __
107.6
110.2
109.6
120.9
106.1
87.2
108.3
110.1
107.4
127.0
103.4
93.4
112.4
114.1
110.4
131.0
109.7
85.1
114.1
115.8
111.8
133.7
113.7
91.3
114.9
116.4
113.4
135.2
113.8
90.3
112.7
113.4
112.2
136.3
107.0
87.8
115.0
116.3
113.4
139.3
109.0
94.3
116.1
118.0
114.2
141.7
111.6
99.9
117.0
119.3
115.1
144.0
109.7
102.6
118.5
121.2
116.7
144.4
111.2
105.6
120.1
123.1
118.5
144.8
114.9
110.4
121.8
124.4
119.0
145.6
121.0
110.4
123.2
' 125. 6
119.2
144.7
' 124. 2
110.8
' 123. 6
do
do
do
do. __
do
107.6
106.6
117.6
105.4
106.3
108.4
104.8
107. 9
105.7
105. 2
112.9
110.2
109.3
111.1
107.9
113.9
110.9
114.0
111.7
107.5
114.8
111.8
120.3
113.4
106.5
113.7
110. 8
120.5
113.1
103.0
115.5
113.1
119.2
114.5
107.3
116.9
115.1
124.1
116.9
109.9
117.1
116.2
134.7
120.3
110.7
117.0
114.6
134.5
119.5
111.4
117.1
113.7
127.0
120.8
111.8
117.0
113.8
134.2
119.3
112.1
117.7
114.8
130.6
119.2
112.6
r
do
do
do _
do
108.7
108.3
105.4
109.8
112.1
110.5
111.3
110.0
115.7
112.3
114.6
111.2
116.9
114.2
117.2
112.7
118.0
114.9
117.1
113.8
116.6
113.1
114.1
112.6
117.8
115.0
116.7
114.2
118.6
115.8
119.7
113.9
117.9
114.1
113.1
114.6
119.3
116.1
115.9
116.2
120.5
116.9
117.5
116.6
120.3
116.1
117.2
115.5
104.7
100.8
114.8
107.1
102.0
121.0
109.7
103.8
124. 7
110. 1
104.1
125. 4
109.9
103. 4
126.0
110.5
103.7
127.5
110.5
103. 2
128.0
110.2
103. 2
128.0
110.9
104.6
127.7
110.9
103.6
130.2
111.8
104.5
131.4
61. 04
i 61. 52
63.20
64.40
63.94
63.96
64. 54
65.25
66.14
66.32
30.41
14.68
15.73
30.73
14.54
16.18
31. 75
15.27
16.48
32.18
15. 62
16.56
32.40
15. 66
16.74
32.04
15. 50
16.54
32. 85
15. 95
16.89
33.22
16. 33
16.89
33.48
16.40
17.08
33.50
16. 40
17.10
12.33
4.44
7.89
18.29
5.89
12.40
12. 56
4.28
8.27
18.23
5.61
12.63
12.87
4.35
8.52
18.58
5.86
12.72
13.12
4.46
8.66
19.10
6.19
12.91
12.72
4.40
8.32
18.83
5.92
12.91
13.08
4.55
8.53
18.84
5.92
12.92
12.73
4.53
8.20
18.96
5.98
12.99
12.76
4.47
8.29
19.27
6.18
13.09
13.06
4.59
8.48
19.60
6.33
13.26
13.38
4.60
8.78
19.43
6.17
13.26
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric
Gas
-
By market grouping: t
Final products total
Consumer goods
-Automotive and home goods
Materials
Durable goods materials 9
Consumer durable
Equipment
_ Construction
Nondurable materials 9
Business supplies
Containers
_ General business supplies
0*0
do
do. __
Business fuel and power
do
Mineral fuels
_
do
Nonresidential utilities
__do_ _.
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totalcf
bil.$__ i
Manufacturing, total
Durable goods industries
Nondurable goods industries
Wholesale trade, totaled
Durable goods establishments—
Nondurable goods establishments
Retail trade, totalcf
_ _
Durable goods stores
_
Nondurable goods stores
do
do
do_ _ _
do
do
do
_ do
__do
do
Mfg. and trade inventories, book value, end of year
or month (seas adj ), total f
bil $
Manufacturing, total
Durable goods industries
Nondurable goods industries
Wholesale trade, totalcf
Durable goods establishments
Nondurable goods establishments.Retail trade, total f
Durable goods stores
Nondurable goods stores
_._
121.6 r 122. 0
120.9 ' 121. 6
' 126. 3 r 127. 7
' 122. 2
' 121. 6
127.1
115
113
122.1
121.7
127
136
141
130.9
116.6
124.2
' 126. 7
120.1
144.0
128.0
112.6
124.0
126
118. 0
" 117. 2
' 114. 8 ' 114. 3
' 132. 4
126.4
121.3
121.0
r 113. 2
111.2
117.2
114
120.7
116.5
116.4
116.6
'121.4
' 118. 1
' 118. 6
'117.9
120.2
115. 9
115. 2
116.3
120
112.6
106.1
130.9
112.0
105. 5
129.1
' 112. 4 112.4
' 106. 5 106.2
129.5
112
106
65.18
66.43
66.01
'66.78
32.96
15.89
17.08
33.40
16.33
17.08
33.29
33.68
33.33
16.35 ' 16. 34 16.21
16.93 ' 17. 34 17.12
13.13
4.52
8.60
19.09
6.03
13.06
13.35
4.64
8.71
19.68
6.38
13.30
13.16 M3.48
13. 34
4.49 '4.69
4.59
8.67
'8.80
8.75
19.57 ' 19. 62 19.78
6.13 ' 6.12
6.48 13.44 ' 13. 49
13.30
'
'
'
'
'
126. 2
118. 9
144. 9
122. 6
123. 4
66.46
94.13
95.54
94.62
95.12
95.54
96.17
96.70
97.05
97.26
97.52
97.88
98.15
97.90
do
do
do
53.74
30.86
22.88
55. 20
31.47
23.72
54.78
31.40
23.38
55.03
31.53
23.50
55.20
31. 47
23.72
55.73
31.88
23.84
56.18
32.19
23.99
56.57
32.41
24.16
56.69
32.47
24.22
56.81
32.58
24.23
56.91
32.58
24.34
57.00
32. 63
24.37
56.97 ' 57. 19
57.24
32.69 ' 32. 74 32.79
24.28 r 24. 44
24.46
do
_do
_do
—do
do
do
13.21
6.81
6.40
27.18
12.33
14.85
13.48
6.89
6.60
26.86
11. 52
15.34
13.44
6.80
6.63
26.40
11.25
15.14
13.34
6.80
6.54
26.75
11.44
15.32
13.48
6.89
6.60
26.86
11. 52
15.34
13.58
6.86
6.73
26.86
11.52
15.34
13.62
6.83
6.79
26.90
11.48
15.42
13.70
6.87
6.84
26.78
11.38
15.40
13.70
6.88
6.82
26.87
11.43
15.44
13.78
6.95
6.83
26.94
11.42
15.52
13.89
6.97
6.91
27.08
11.45
15.62
13.97
7.03
6.94
27.18
11.59
15.59
13.88
7.01
6.87
27.05
11. 51
15.54
l
'Revised.
*» Preliminary.
Total and components are based on unadjusted data.
I See corresponding note on p. S-3.
9 Includes data not shown separately.
116.3 ' 116. 2 ' 114. 6
111.3
111.8
108.2
' 138. 3 r 139. 0
139. 7
' 150. 7 151.0
112.1 r 113. 6 ' 114. 1
' 98. 38
' 13. 95
'7.08
' 6.87
' 27. 24
'11.66
' 15. 58
-
98.70
14.06
7.10
6.97
27.39
11.76
15.63
§ The term " business" here includes only manufacturing and trade. Business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted
data for manufacturing are shown on p. S-5; those for retail and wholesale trade on pp. S-ll
and S-12.
cf See note marked "f " on p. S-ll.
t Revised series. See note marked "%" on p. S-ll.
SUKVEY OF CUEEENT BUSINESS
December 1962
Unless oth^rwjsA «t»tori, ^t^Hr-i flirnngll I960
1 1960 1961
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
|
ivrrmtViiv
average
S-5
1961
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:*
Manufacturing and trade, total
Manufacturing, total
Durable goods industries
Purchased materials
Goods in process
Finished goods
Nondurable goods industries
Purchased materials
Goods in process __
Finished goods
Wholesale trade, total
Durable goods establishments
Nondurable goods establishments
Retail trade total
Nondurable goods stores
ratio
1 50
1 48
1 49
1 50
1 50
1 49
1 47
1 47
1 50
1 48
1 48
do
do
do
do
do
1.73
2 06
.53
82
.70
1 71
2 02
.52
81
.69
1.70
2 01
.52
81
69
1 74
2 06
54
82
70
1 71
2 02
53
81
68
1 70
1 99
52
79
67
1 69
1 98
52
79
67
1 70
1 99
53
79
67
1 73
2 05
54
82
69
1 71
2 00
52
80
68
1 71
2 00
52
80
68
do
do
do
do
1 42
.54
.20
68
1 42
54
.20
67
1 42
54
.20
67
1 44
56
.20
68
1 49
55
20
66
1 43
56
°0
67
1 49
56
20
66
1 42
55
20
66
1 43
55
20
67
1 43
55
21
67
do
do
do
do
1.04
1.56
78
1.42
1.92
1.19
.02
.52
76
.40
85
.19
1.06
1.57
79
1.43
1 95
1 19
1 04
1.51
79
1 43
1 95
1 19
1 06
1 51
83
1 429
19
1 19
07
1 53
8°
39
84
18
1 05
1 50
80
1 37
1 81
1 16
1 03
1 51
78
1 39
1 85
1 17
1 06
1 54
80
1 42
1 90
1 20
do
1 47
1 49
1 70
2 00
r
52
81
r
68
1 72
2 02
51
82
69
1 43
55
21
68
1 41
54
20
67
1 43
55
21
68
1 05
1 52
80
1 38
1 82
1 17
1 06
1 56
79
1 38
1 88
1 16
1 03
1r 51
78
1 39
1 05
1 54
80
1 38
1 81
1 18
r
r
r 1 90
1 15
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales, value (unadjusted"), total
Durable goods industries, total 9
Primary metal
_
Iron and steel
Fabricated metal
. _
Machinery
Electrical
Nonelectrical
Industrial
.
_
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
_
Nondurable goods industries, total?
Food and beverage
Tobacco .
Textile
Paper
Chemical
Petroleum and coal
Rubber
.
_>
Sales, value (seas, adj.), total
Durable goods industries, total 9
Primary metal __
Iron and steel
Fabricated metal
Machinery
Electrical _
Nonelectrical .
Industrial
„
.
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass _
Nondurable goods industries, total 9 _ _ _
Food and beverage
Tobacco
Textile
Paper
Chemical
_
Petroleum and coal
Rubber
_
.
.
_
Inventories, end of year or month:
Book value (unadjusted), total
Durable goods industries, total 9
Primary metal
Iron and steel.
Fabricated metal
Machinery
Electrical.. _
Nonelectrical
Industrial
bil. $
30.41
30.73
33.42
32.18
31.21
31.43
30 62
34 56
33 17
34 67
33 95
31 34
34.03
r
33 46
do _
do
do
do
14.68
2.15
1.34
1.67
14.54
2.06
1.25
1.68
15.97
2.26
1.38
1.89
15.66
2.17
1.30
1.72
15. 35
2. 18
1.35
1 62
15.09
2 33
1.47
1 64
14 986
2 6
1 42
1 56
17
2
1
1
06
61
68
80
16 41
2 37
1 47
1 80
17 24
2 31
1 38
2 01
16 83
2 15
1 24
2 03
15 06
1 79
1 03
1 89
15.96
2 09
1.24
2 19
r
15.95
2 00
r
1 17
r
2 05
do
do
do
do
4.72
1.95
2.77
1.16
4.87
2.00
2.87
1.25
5.22
2.24
2.98
1.37
5 03
2 19
2.84
1 34
5 14
2 21
2.93
1 37
4 84
2 04
2.80
1 22
4 95
2 05
2 90
1 °5
5
o
3
1
64
27
37
47
5 37
12
3 25
1 36
5 61
2 20
3 40
1 44
5 59
2 25
3 34
1 43
4 87
1 92
2 95
1 30
5 38
2 22
3 15
1 38
do
_do
do
do
3.45
2.16
.86
.73
3.24
1.94
.82
.76
3.54
2.25
.92
.89
3.84
2.50
.87
.80
3.82
2.43
.76
.68
3.73
2.35
.77
.68
3.55
2.18
78
65
4.03
88
76
3.94
2.47
88
79
4.23
2 70
94
87
3.96
2 42
94
90
3. 68
2 33
83
8--t
2.95
1.47
1.05
95
_.do
15.73
16.18
17.45
16.53
15.86
16. 34
15.76
17.50
16.76
17.43
1 7. 13
16. 29
do
do
do
do
do
do
do
4.70
.40
1.21
1.06
2.31
3.18
.51
4.80
.42
1.22
1.13
2.49
3.21
.50
5.16
.44
1.38
1.21
2.75
3.24
.56
4. 89
.45
1 32
1.16
2 55
3.16
50
4 70
.40
1 25
1.11
2 39
3.31
49
4.73
.41
1.29
1.17
2 63
3.38
53
4 58
37
1 31
1 12
o 50
3 00
49
5 0°
40
27
84
27
57
4 84
41
1 34
1 18
2 83
3 06
56
5 I')
46
1 37
1 22
3 00
3 19
59
4 94
45
1 91
1 10
2 58
3 10
53
do
31.75
32.18
32.40
32 04
32 85
33 29
33 48
33 50
5 14
44
1 40
1 23
2 78
3 14
57
39 QQ
33 40
33 29
do
do
do
do
15.27
2.16
1.31
1.75
15 62
2 19
1 31
1 80
15 66
2 27
1 40
1 80
15 50
2 27
1 42
1 80
15
2
1
1
16
2
1
1
33
46
60
89
16 40
2 37
1 49
1 84
16 40
2 19
1 33
1 92
15 89
2 00
1 16
1 89
16 35
2 06
1 20
1 88
do
do
do
do
5.04
2.04
3.00
1 36
5 11
2 10
3 00
1 34
5. 13
2 10
3 02
1 35
5. 10
2 13
2.97
1 30
5 30
2 °1
3 09
1 37
5 32
2 22
3 09
1 33
5 42
2 25
3 17
1 37
3 10
1 3?
16 33
o 04
1 17
1 90
5 37
o 19
3 18
1 42
do
do
do
do
3.53
2.23
.84
.81
3 62
2 29
88
83
3 55
2.22
87
.80
3 48
2.02
85
.80
3 60
2 16
88
80
3 78
2 33
88
78
3 92
2 43
89
3 96
2 50
90
' 79
3 80
2 35
88
81
4 05
2 60
89
83
4 05
2 50
91
82
do
16.48
16 56
16.74
16.54
16 89
16 89
17 08
17 10
17 08
do
. do
do
do
do
do
do
4.83
.44
1.25
1.14
2 63
3.28
.51
4 84
.43
1.27
1 19
2 65
3 17
54
4 94
.40
1.34
1 22
2 66
3 15
53
4 86
.43
1.33
1 19
2 66
3 19
52
4 95
.43
1.37
1 91
2 75
3 17
56
4 92
.42
1.37
1 22
2 72
3 18
56
5 07
.44
1.41
1 19
f) 72
3 16
54
5 00
144
1.39
1 18
2 77
3 20
56
5 07
.41
1.39
1 20
2 71
3 18
53
17 08
5 oi
.45
1.37
1 17
2 79
3 18
55
do
253.90 2 55. 19
5 '»
o is
3 049
13
«o
5 29
9 19
r 5 28
r
2 23
3 05
r 1 34
17
2
1
2
47
16
25
05
5 54
9 3ft
3 ">8
1 4°
'• 2. 04
94
f 86
4.33
2. 92
1 01
95
18.07
r 17. 51
18.49
5 25
47
1 44
1 28
2 83
3 26
55
r 5 26
3 07
55
5 59
45
1 52
1 31
2 91
3 23
60
33 68
33 33
5 38
2 18
3 20
1 38
r
3.45
42
1 44
r 1 22
r 2 76
r
16 34 r 16 21
9 05
2 06
119
1 18
r ] 91
1 89
r 5 32
2 17
r 3 16
r 1 40
5 24
9 11
3 13
1 37
r 89
r 82
2 60
3 99
2 59
92
85
16 93 r 17 34
17 12
5 04
.44
1.32
1 18
2 72
3 13
54
r 4 05
57
5 15
.44
1.36
1 21
2 71
3 17
54
56.98
'518
.43
1.39
f 1 22
r 2 70
r 3 25
54.23
54.59
55.19
55.98
56.51
56.87
57.00
57.14
57.08
56.65
56.64 '56.80
do
do
do
do
30.81
4.69
2.81
2.98
31.23
4 91
3.05
3.00
30.86
4 74
2.92
2.98
30.99
4 82
2.99
2.97
31.23
4 91
3.05
3.00
31.84
4 91
3.02
3.12
32.33
4 90
2.99
3.22
32.70
4 87
2.92
3.32
32.82
4 80
2^86
3.38
32.96
4 78
2.84
3.41
32.87
32.53
4 78
2.86
3.34
do
do
do
do_
10.27
3.94
6.33
2.48
10 31
3.96
6.35
2.46
10 15
3 97
6.18
2.44
10
3
6
9
10
3
6
2
10
4
6
2
10
4
6
2
10
4
6
2
10
4
6
2
11
4
6
2
11
4
6
2
32.55 ' 32. 54 32.50
470
r A 7^1
4 7fi
2.85
2.83
2.83
3.26 '3.14
3.09
ni
10 99 r 10 QQ
n
4 41 r A ACi
4 07
6 57 r 6 59
6 64
2 61 r 2 63
2 65
22
98
24
44
31
96
35
46
Transportation equipment
do
6.97
6.93
6.99
7.01
6.93
3.14
Motor vehicles and parts
do
3.22
3.19
3.22
3.22
1.83
Lumber and furniture
do
1.84
1.81
1.82
1.84
Stone, clay, and glass
_do
1.43
1.42
1.46
1.41
1.46
By stages of fabrication:
Purchased materials..
_._do
8.20
8.13
8.11
8.09
8.13
Goods in process
_
_do
12.05
12.56
12.52
12.50
12 56
Finished goods
do
10.56
10. 54
10.36
10.27
10.54
2
' Revised.
1 Advance estimate.
Total and components are end-of-year data.
*Stock-sales ratios are based on the seasonally adjusted sales and inventories series
presented on this page and on pp. S-4, S-6, and S-ll. The ratios are derived by dividing
end-of-month inventory book values by total sales during the month. Data back to 1955
95
41
5°
83
41
1
1
9
3
0
35 96
r
46
02
44
49
7.14
3.36
1.86
1.49
8.25
12 73
10. 86
67
10
56
52
7 24
3.44
1.84
1.52
88
22
66
60
7 25
3.45
L84
1.54
97
29
68
61
7 27
3.46
1.82
1.55
10
39
72
64
7 24
3.41
1.83
1.55
4 7fi
2.84
3.40
11
44
66
61
7 14
3.36
1.84
1.54
11
4
6
2
01
40
61
61
6 95
3.16
1.87
1.53
7 17
3.40
1.84
1.50
r
7 38
'3.56
'1.83
r
1.50
7 43
3.54
1.82
1.49
8.31
8.42
8.43
8.50
8.59
8.53
8.60
'8.51
8.42
•iq oc
12 95
13 06
13 05
13 07
13 00
12 89
13 11 r 13 30
11.23
1L06
1L33
ll! 05 io!s5 '10'.73
1L34
111 39
10.74
for the manufacturing and wholesale trade segments appear on p. 20 of the June 1961 SURVEY;
data prior to 1961 (recently revised) for total manufacturing and trade and for retail trade
are available upon request.
9 Includes data not shown separately.
J
SURVEY OF CURRENT BUSINESS
S-6
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
End of
year
December 1062
1961
Oct.
Nov.
1962
1
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
GENERAL BUSINESS INDICATORS— Continued
MANUFACTURERS' SALESJNVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (unadjusted)— Continued
Nondurable goods industries, total 9 — bil. $..
Food and beverage
Tobacco
Textile
Paper
_
.
Chemical
_
Petroleum and coal
_.
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
__
Book value (seasonally adjusted), total
Durable goods industries, tota!9
Primary metal
Iron and steel
Fabricated metal
._ _
Machinery .
Electrical
Nonelectrical
Industrial
23. 09
23. 96
23.37
23.60
23.96
24.14
24.18
24.17
24.19
24.18
24.22
24.12
24.08
24.26
24.47
do
do
do
do. _
. do .
- .do
do
5.18
2.08
2.63
1.63
4.19
3.32
1.14
5. 44
2.28
2.68
4.35
3.43
1.13
i. es
5.39
2.07
2.61
1.65
4.16
3.50
1.10
5.46
2.11
2.64
1.66
4. 23
3.46
1.11
5.44
2.28
2.68
1.68
4. 35
3.43
1.13
5.40
2.34
2.78
1.70
4.35
3.31
1.16
5.27
2.31
2.83
1.73
4.41
3.30
1.19
5.18
2.27
2.89
1.75
4.44
3.31
1.21
5.15
2.20
2. 91
1.76
4. 41
3.35
1.21
5.10
2.14
2.96
1.77
4.33
3.37
1.20
5.12
2.07
2.91
1.78
4.34
3.40
1.20
5.16
1.99
2.86
1.74
4.35
3.45
1.19
5.32
2.02
2.79
1.73
4.32
3.45
1.18
5.48
2.10
'2.73
1.71
'4.31
-3.53
' 1. 18
5.59
2. 16
2. 72
L72
4.36
3.52
1.19
do
do
do
8.99
3.00
11.10
9.38
3.27
11.31
8.85
3.28
11.25
9.03
3.30
11.26
9.38
3.27
11.31
9.51
3.36
11.26
9.53
3.39
11.26
9.60
3.41
11.16
9.55
3.44
11.20
9.42
3.51
11.26
9.31
3.53
11.37
9 22
3.60
11.30
9.08
3.54
11.47
'9.09
3.52
' 11.65
9.30
3.4S
11.69
57.24
do
53. 74
55.20
54.78
55. 03
55.20
55.73
56.18
56.57
56.69
56.81
56.91
57.00
56.97
' 57. 19
do
do
do
_. do
30.86
4.50
2.62
3.12
31.47
4.78
2.89
3.16
31.40
4.73
2.86
3.14
31.53
4.74
2.86
3.15
31.47
4.78
2.89
3.16
31.88
4.84
2.94
3.23
32. 19
4.89
2.98"
3.25
32.41
4.91
2.98
3.27
32.47
4.86
2.93
3.29
32.58
4.85
2.92
3.26
32.58
4.83
2.91
3.22
32. 63
4.80
2.89
3.23
32.69
4.77
2.86
3.22
' 32. 74 32.79
' 4.74
4.68
2.83
2.77
3.19
'3.21
__ do
do
do__ .
do
10.40
4.02
6.38
2.51
10. 40
4.03
6.42
2.49
10.36
4.06
6.30
2.47
10.42
4.07
6.34
2.47
10.46
4.03
6.42
2.49
10.56
4.12
6.44
2.52
10.65
4.14
6.51
2.53
10.76
4.21
6.55
2.58
10.81
4.24
6.57
2.58
10.85
4.25
6.59
2.60
10.89
4.32
6.58
2.58
10.96
4.34
6.62
2.60
11.04 r 11.12
4.41 ' 4.41
6.64 r 6. 71
2.62 '2.64
6.85
3.01
1.84
1.44
6.87
3.12
1.86
1.47
7.01
3.18
1.86
1.49
7.04
3.17
1.85
1.48
6.87
3.12
1.86
1.47
7.00
3.24
1.86
1.48
7.12
3.32
1.84
1.48
7.14
3.39
1.84
1.49
7.22
3.49
1.82
1.49
7.29
3.50
1.84
1.50
7.29
3.52
1.84
1.52
7.24
3.42
1.85
1.53
7.29
3.51
1.82
1.54
'7.33
'3.46
' 1.83
'1.55
7.35
3.42
1.83
1 55
8.05
12.06
10.76
8.09
12.64
10.74
8.07
12.59
10.74
8.08
12.70
10.76
8.09
12.64
10.74
8.32
12.64
10.93
8.40
12.89
10.90
8.55
12.97
10.89
8.59
12.94
10.95
8.62
13.00
10.96
8.55
13.02
11.01
8.49
13.10
11.04
8.45
13.15
11.09
' 8.41
' 13. 26
' 11.06
8.30
13.35
11.14
do
22. 88
23.72
23.38
23.50
23.72
23.84
23.99
24.16
24.22
24.23
24.34
24.37
24.28
r 24. 44
24.46
do
. do
do
__do
do
do
do
4.98
2.03
2.67
1.63
4.13
3.31
1.12
5.24
2.17
2.74
1.68
4.28
3.42
1.13
5.15
2.06
2.74
1.70
4.20
3.39
1.13
5.19
2.12
2.75
1.70
4.21
3.37
1.12
5.24
2.17
2.74
1.68
4.28
3.42
1.13
5.27
2.18
2.78
1.70
4.29
3.36
1.14
5.26
2.19
2.78
1.71
4.31
3.39
1.17
5.31
2.19
2.81
1.73
4.36
3.41
1.18
5.32
2.17
2.80
1.73
4.37
3.44
1.18
5.34
2.18
2.84
1.74
4.36
3.40
1.18
5.40
2.18
2.83
1.76
4.37
3.42
1.20
5.39
2.17
2.81
1. 75
4.39
3.43
1.21
5.31
2.17
2.82
1.74
4.39
3.40
1.20
5.37
2.14
'2.85
M.75
4.42
'3.44
' 1.20
5.34
2.13
2.88
1.75
4.42
3.40
1.22
8.75
3.08
11.05
9.06
3.37
11.29
8.90
3.34
11.14
8.96
3.37
11.17
9.06
3.37
11.29
9.26
3.38
11.20
9.35
3.40
11.24
9.45
3.43
11.28
9.49
3.43
11.30
9.47
3.44
11.32
9.46
3.47
11.41
9.39
3.51
11.46
9.29
3.50
11.48
'9.33
3.52
' 11.59
9.38
3.52
11.56
Transportation equipment.
_ do
Motor vehicles and parts
do
Lumber and furniture
_. do
Stone, clay, and glass
do
By stages of fabrication:
Purchased materials
._ -- do _
Goods in process
do
Finished goods
._
__do
Nondurable goods industries, total 9
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal .
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
.
_. .
do. ..
.-do
do
New orders, net (unadjusted), total
Machinery
Electrical
Nonelectrical
_.
Industrial
Transportation equipment _
33.56
32.44
31.61
32.20
31.13
34.30
32.45
33.99
33.60
31.99
33.36 ' 32. 86 35. 60
14.74
2.18
1.35
1.70
16.13
2.23
1.36
1.87
15.86
2.36
1.52
1.71
15.81
2.69
1.82
1.68
15.89
3.01
2.04
1.75
15.33
2.38
1.49
1.64
16.74
2.36
1.44
1.86
15.71
1.69
.74
1.80
16.48
1.98
1.06
1.95
16.51
1.81
.97
1.96
15. 77
1.74
1.00
1.95
15.48
2.04
1.18
2.16
4.70
1.97
2.72
1.16
3.38
4.92
2.00
2.92
1.26
3.22
5.38
2.23
3.15
1.40
3.57
5.11
2.18
2.93
1.40
3.80
5.06
2.12
2.94
1.36
3.82
5.01
2.03
2.98
1.38
3.47
5.14
2.07
3.08
1.36
3.48
5.71
2.23
3.48
1.51
3.90
5.31
2.15
3.16
1.30
3.99
5.36
2.12
3.23
1.34
4.02
5.64
2.34
3.31
1.46
3.91
5.06
1.98
3.07
1.28
4. 04
5.11
2.04
3.07
1.37
2.89
15.66
3.38
12.28
16.23
3.53
12.70
17.43
3.81
13.62
16.58
3.74
12.85
15.79
3.47
12.32
16.31
3.53
12.78
15.81
3.58
12.23
17.57
3.99
13.58
16.74
3.74
13.01
17.51
3.92
13.59
17.09
3.83
13.26
do._
32.63
32.70
32. 85
32.94
33.08
32.95
32.73
33.07
do
do
do
16.07
2.32
1.45
1.75
16.10
2.33
1.48
1.85
16.24
2.82
1.94
1.84
16.43
2.84
1.86
1.93
16.19
2.33
1.45
1.83
16.00
2.21
1.34
1.88
15.73
1.75
.79
1.84
15.97
1.83
.95
1.88
do
do.—.
do
do
__do
5.42
2.20
3.22
1.38
3.62
5.46
2.33
3.13
1.42
3.53
5.14
2.08
3.06
1.42
3.32
5.37
2.29
3.09
1.42
3.40
5.35
2.23
3.12
1.38
3.70
5.27
2.13
3.14
1.38
3.79
5.25
2.24
3.01
1.30
4.00
do -
16. 56
3.63
12 94
16. 60
3.67
12.92
16.61
3.66
12.95
16.51
3.63
12.88
16.89
3.75
13.14
16.95
3.82
13.12
-
do
do
-_ - __do
.do-.-- ,_do
New orders net (seas adjusted), total
Primary metal
Iron and steel
Fabricated metal
Nondurable goods industries total
130.96
do
do—
do
do
Nondurable goods industries, total
Industries with unfilled orders0
Industries without unfilled orders!
Machinery.
Electrical.
Nonelectrical
Industrial
Transportation equipment
29. 90
14.24
1.87
1.09
1.62
do
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
-
1
11.20
4.45
6.75
2. 66
do
do __
do
' 15. 40 ' 17. 17
' 1.88
2.12
' 1.10
1.20
'1.98
1.97
'5.24
'2.29
'2.95
' 1.33
' 3.34
5.39
2.22
3.17
1.40
4.53
16.21
3.40
12.82
17.88 ' 17. 46
3.84 ' 3.89
14.04 ' 13. 57
18.43
4.08
14.35
32.43
33.26
32.83 ' 33. 23
33.62
15.44
1.76
.93
1.86
16.27
1.90
1.08
1.92
15.91 ' 15. 89 ' 16. 44
2.06 ' 1.97
2.17
1.20
1.18
1.28
1.91 '1.84
1.83
5.28
2.17
3.11
1.32
3.96
5.16
2.05
3.11
1.36
3.76
5.30
2.07
3.23
1.38
4.16
17.00
3.75
13.25
17.10
3.80
13.29
16.99
3.76
13.23
16.98
3.72
13.27
16.92 ' 17. 34 17.19
3.72 '3.85
3.82
13.20 ' 13.49
13.37
5.23
2.08
3.15
1.41
3.68
' 5.18
'2.14
' 3.04
' 1.37
'4.06
5.39
2.21
3.18
1.34
4.06
Unfilled orders, end of year or month (unadjusted),
total
_
--- .-bil. $_.
45.37
48.20
47.54
47.80
48.20
48.97
49.46
49.20
48.48
47.81
47.45
48.09
47.43
Durable goods industries, total 9
do _
Primary metal
_do
Iron and ^teel
do
Fabricated metal
__ _ __ __do
42. 85
3.41
2.28
2.73
45. 12
4.76
3.48
2.98
44. 46
4.06
2.79
2.93
44.66
4.25
3.01
2.93
45.12
4.76
3.48
2.98
45. 92
5.45
4.04
3.10
46.37
5.57
4.11
3.18
46.04
5.32
3.87
3.17
45.34
4.64
3. 14
3.17
44.59
4.30
2.82
3.12
44.27
3.96
2.54
3.05
44.99
3.91
2.51
3.11
44.50 ' 43. 95 ' 43. 64
3.86 '3.74
3.69
2.46
'2.39
2.34
3.01
3.08
2.93
17.48
10.21
7.28
3.38
14.93
18.10
10.29
7.80
3.53
14.64
18.10
10.40
7.71
3.48
14.68
18.18
10.38
7.79
3.54
14.64
18. 10
10. 29
7.80
3.53
14.64
18.27
10.29
7.98
3.69
14.38
18.47
10.31
8.16
3.80
14. 30
18.53
10.27
8.26
3.84
14.16
18.47
10.30
8.16
3.78
14.21
18.21
10.22
7.99
3.69
14.00
18.27
10.31
7.96
3.71
13.96
18.46
10. 38
8.08
3.69
14.31
18.19
10.19
8.00
3.69
14.25
Machinery
Electrical
Nonelectrical
_
___
Industrial
Transportation equipment.
do
do ._
_ __do . _
do
—do
3.14
2.52
3.08
3.09
3.08
Nondurable goods industries, total©
do
2
r
Advarice estim ate.
Revised. l Total and components are mon thly ave rages,
9 Includes data not shown separately.
©Includes textiles, leather, paper, and print ing and publish] ng indu stries; u drilled
orders for other nondurable goods industries are ze ro.
r
46. 82
46. 46
18.00
' 18. 15
' 10. 25 10. 11
'7.90
7.88
' 3. 68 3.66
' 14. 13
14.33
3.16
3.14
3.09
3.22
3.11
2.92 ' 2.88
3.18
2.82 1
e
indust
ies
(fooc
thes
1For
1,
beven
iges,
tob
acco,
ap
parel,
p
itroleum
,
chemic
als, and
rubbt%r) sales 2 re consiclered equ al to nevr orders.
3.05
SUEVEY OF CURRENT BUSINESS
December 1962
Unless otherwise stated, statistics through 1960 -and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
S-7
1961
1961
Monthly
average
Oct.
1962
Nov.
Dec.
Jan.
Mar.
Feb.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
New incorporations (50 States):®
Unadjusted
Sccfonnlly adjusted*
number. _ 15, 226
do
15, 128
15, 9492
16 86
14 045
16 149
14 802
15 818
18 343
15 124
14 365
15 809
17 196
15 713
15 653
15 402
16 408
15 260
15 234
14 904
14 957
15 247
14 955
15 104
12 777
15 249
15 330
15 386
number. . 1.2S7
1,423
1,446
1,335
1 278
1 447
1 353
1 490
1 504
1 378
1 281
1 165
1 319
1 118
1 410
114
217
218
615
123
123
229
235
691
144
118
221
217
731
159
122
206
258
624
125
104
215
232
606
121
114
231
213
749
140
110
251
216
625
151
143
276
119
273
200
767
145
102
237
229
664
146
113
194
237
606
131
106
187
215
545
112
120
217
227
622
133
92
194
185
514
133
111
231
944
67'">
15°
thous. $.. 78. 219
90, 844
70, 257 119,214
65, 489 106,609
90, 499
80, 878 121.831
91,512
88, 493
91, 574 146, 832
8. 281
16, 781
24, 138
20, 091
8.930
6,694
16, 084
27, 107
27, 754
13, 205
3,485
14, 583
17, 930
21, 524
12, 735
5, 070
18, 883
35, 237
23, 494
36, 530
3 453
16, 743
19 723
18, 361
7 209
858
017
071
886
777
5 134
26, 495
25 023
24, 611
9 236
9 998
15 612
22 421
25 ' 044
7 803
5 440
24' 586
49 677
31 691
10 437
8
15
29
27
10
270
798
659
569
216
5 445
13 627
32 821
27' 065
9 535
5
22
21
29
11
i 57. 0
!64.4
69.5
63.8
63.6
62.9
61.1
59.4
65.0
58.7
57.3
58.3
62.5
INDUSTRIAL AND COMMERCIAL
FAILURESo*
Failures total
-
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
do
do
do .
do...
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
._ -do
do
do
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. -
8
19
39
28
10
29g
701
142
642
412
598
999
923
6
33
36
53
16
977
618
170
180
887
96, 165 119,092
605
803
qsg
944
q §95
7 634
24 798
48 833
2i>' 876
11 091
62.2
66. 3
5
12
39
27
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products^
Crops
Commercial vegetables
Cotton
_
Feed grains and hay
Food grains ._.
1910-14=100..
238
240
240
239
240
242
243
244
242
242
239
240
244
250
245
245
do
do
-. do
do
do. _.
221
224
254
151
203
226
218
262
151
209
226
198
286
154
217
224
223
280
149
218
224
211
269
150
219
225
259
257
152
218
226
272
246
152
219
233
314
248
153
223
236
312
268
155
224
243
325
276
159
230
236
258
275
157
230
2^1Q
22
275
155
299
299
201
275
151
226
232
201
280
154
226
226
197
2759
15
226
227
933
268
147
230
do
do.
do, _.
do
241
214
204
500
246
257
158
526
225
242
135
537
207
248
134
540
216
250
130
544
208
250
127
538
216
253
125
542
229
252
132
543
220
255
137
543
210
255
189
543
203
253
220
543
191
252
2059
54
243
245
174
518
266
238
153
525
243
238
19
298
244
144
520
253
259
296
160
235
251
259
299
146
230
252
272
297
141
228
251
277
293
140
228
254
271
299
146
229
257
268
304
149
231
257
263
305
154
237
254
255
307
147
240
246
240
303
139
253
242
232
303
130
260
242
230
305
128
261
248
239
310
133
257
256
248
318
141
253
266
258
326
153
251
261
265
314
150
949
262
268
314
151
252
275
290
265
276
291
266
276
291
265
276
291
265
277
292
267
278
293
268
279
294
268
279
294
269
280
294
270
280
296
269
279
294
268
279
294
268
279
294
268
280
294
271
281
294
271
281
2Q5
971
299
302
301
301
302
304
305
305
307
307
305
305
305
307
307
307
80
79
80
79
79
80
80
80
79
79
78
79
80
81
80
80
-
Fruit
Oil-bearing crops
..
Potatoes (incl. dry edible beans) _ ._
Tobacco
-.
Livestock and products
Dairy products
Meat animals
Poultry and eggs Wool
-
__do
do
do
do
do
Prices paid:
All commodities and services
.
do
Family living items
do
Production items _
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100.Parity ratio §
do
13Q
F
CONSUMER PRICES*
(U.S. Department of Labor Indexes)
103,1
104.2
104.6
104. 6
104.5
104.5
104.8
105.0
105.2
105.2
105.3
105.5
105.5
106.1 2 106.0
103.7
103. 0
104.8
104. 2
105. 5
104.7
105.6
104.5
105. 5
104.4
105 3
104 4
105 5
104 8
105 7
105 0
106 0
105 2
106 0
105 2
106 1
105 3
106 1
105 4
106 2
105 5
106 6
106 1
106 7
106 1
do
do
do
do
101.7
101.9
100. 7
105 6
9
10
102.
100.
107
4
8
5
6
102 9
103.0
101.7
108.0
102 6
102.7
101 96
108
102 4
102.6
101.1
108 5
102
102.
100
108
3
6
8
7
102 7
103.1
100 8
108 9
102 8
103.2
100 9
109 0
103 1
103.5
101 4
109 2
103 0
103.2
101 5
109 4
103 1
103.4
101 6
109 5
103 1
103.5
101 5
109 8
103 2
103.5
101 7
109 9
104 1
104.7
101 6
109 8
104 0
104 4
102 0
109 8
do
do
do
do..
do
102. 1
101.4
103 2
103.8
99.1
102.8
102 6
104 8
104 2
99 3
103.9
102 5
105 1
99.4
99 5
103.
101
105
98
98
103.5
102 0
105 6
99.8
98 5
101.8
102 5
105 6
100 6
99 8
102.0
103 1
105 1
102 9
100 6
102.7
103 2
105 0
104 4
100 6
102.7
103 4
103 7
108 6
100 1
102.7
103 2
103 0
109 4
99 6
102.8
103 5
102 7
111 9
99 7
102.9
103 8
103 5
109 9
100 8
102.5
103 8
103 9
105 2
102 6
104.6
104 8
104 2
102 2
106 3
104
104
104
102
104
Housing 9
Gas and electricity
Housefurnishings
Rent
do
__do__ _
do _.
do
103 1
107. 0
100. 1
103 1
103
107.
99
104
104
107.
99
104
1
8
5
8
104 2
107.8
99 3
104 9
104
107.
99
105
4
8
2
0
104 4
107 8
98 7
105 1
104 6
107.9
99 3
105 2
104
107
99
105
104
107
99
105
6
8
3
4
104 7
107 7
99 0
105 5
104
107
99
105
104
108
99
105
104 8
108 0
98 5
105 0
108 0
98 8
106 1
Medical care
Personal care
Reading and recreation
..do.. do
do
108.1
104. 1
104. 9
111.3
104 6
107.2
112.3
104 6
108.3
112.4
104 8
108.1
112. 5
105 2
108 2
112 6
105 6
108 5
113.0
105 8
109 1
113 6
105 9
109 2
113 9
106 3
109 4
114 1
106 4
109 5
114 9
106 9
109 5
Transportation
_ do
103.8
105.0
106.8
106.7
106 0
103.2
105 8
104 0
Private
do
105 9
104 9
Public..
do
107.0
112. 5
111.7
112.7
113 3
Other goods and services.
__
...do
103.8
104.6
105. 0
105.0
104.9
2
f Revised.
1 Based on unadjusted data.
Index based on 1947-49=100 is 130.1.
c?Data are from Dun & Bradstreet, Inc.
©Figuresin 1961 BUSINESS STATISTICS volume
cover 49 States (Alaska not included); see July 1961 SURVEY for unadjusted data back to January 1960 for 50 States.
*New series. Data for Jan.-Dec. 1959 (49 States') appear in the
Oct. 1961 SURVEY. For revised data (50 States) for 1960, see similar note in the June 1962
SURVEY.
106 0
104 8
114. 7
104.9
106.0
104 7
114 8
105.0
105 9
104 6
114 9
105.1
107 2
106 0
115 6
105.1
107 3
106 0
115 6
105.1
AllitemsJ.
_
Special group indexes:
All items less food
All items less shelter
1957-59=100..
...
.
All commodities
Nondurables
Durables
Services
Apparel
Food 9
Dairy products
Fruits and vegetables ._ ... _ _ ...
Meats, poultry, and
fish
_
.
do. __
_ do
9
9
5
4
7
9
5
4
5
6
9
5
3
8
7
1
6
8
0
o
7
1 OT S
104 9
108 0
98 "
105 9
114 4
106 1
109 2
114 6
106 8
110 0
114 6
106 8
110 3
114 7
106 8
110 0
107 3
106 0
115 6
105. 2
106 8
105 4
115 6
105.6
107 4
106 2
115 7
105.5
9
3
3
0
1
108 1
107 8
106 7
106 9
115 7
116 0
105. 6
105. 6
^Revised beginning Jan. 1959 to incorporate price revisions for individual commodities;
revisions for earlier periods will be shown later.
§ Ratio of prices received to prices paid (including interest, taxes, and wage rates).
JData reflect conversion to the 1957-59=100 reference base period. Monthly and annual
data for earlier periods appear on p. 19 of the Oct. 1962 SURVEY.
9 Includes data not shown separately.
SUEVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
December 1962
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept. i Oct.
Nov.
COMMODITY PRICES—Continued
WHOLESALE PRICES^*
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:*
22 Commodities
1957-59=100
9 Foodstuffs
do
13 Raw industrials
do
96.6
89.0
102.3
95.6
90.9
98.9
97.6
92.9
101.0
98.4
92.3
102.9
96.5
90.8
100.6
97.0
92.2
100.4
95.4
91.3
98.3
94.6
90.2
97.8
93.0
89.8
95 4
92 5
90.0
94 2
Q2 6
89 9
94 5
92 5
90 3
94 0
99 9
89 9
94 9
do
100.7
100.3
100.0
100.0
100.4
100.8
100.7
100.7
100.4
100.2
100 0
100 4
100 5
101 '}
100 6
100 7
do
do
do
96.6
101.0
101.4
96.1
100.3
101.4
95.9
99.7
101.2
95.4
100.0
101.3
96.4
100.3
101.5
97.8
100.3
102.1
97.5
100.2
102.1
97.6
100.3
101.8
96.5
100.5
101.4
95.8
100.4
101.2
95.2
100.2
101 1
96.5
100.3
101.5
97.2
99.2
100.1
100.2
101 7 r 1()9 6
97.4
100.1
101.9
97.6
100.1
102. 0
do
do
99.9
101.7
99.6
101.3
99.1
101.1
99.3
101.1
99.7
101.1
100.5
101.1
100.3
101.2
100.2
101.2
99.7
101.2
99.5
101.1
99.3
101 0
99.8
101.0
100 0
101 0
101 9
100 9
100.4
100.7
100. 5
100 7
Farm products 9
- do
Fruits and vegetables, fresh and dried
do
Grains
do _
Livestock and live poultry
do
96.9
100.6
94.2
96.0
96.0
93.7
95.6
92.5
95.1
89.1
97.0
89.4
95.6
89.9
98.8
89.4
95.9
87. 2
98.4
92.4
97.9
97.0
97.2
95.7
98.2
104.3
96.7
94.5
98.4
106.0
97.4
95.7
96.9
99.0
98. 5
94.1
96.2
107.1
101.0
91.4
95 3
98.7
99 9
91 6
96.5
92.2
99. 1
95.8
97 6
90.9
98 1
98.5
100 6
94.9
98 6
104 4
98.7
97.5
98.5
98.6
99. 3
96.3
99.5
98.3
Foods processed 9 0
Cereal and bakery products. _
Dairy products and ice cream
Fruits and vegetables, canned, frozen
Meats, poultry, and
fish
_
100.0
103.2
105.0
99.5
97.8
100.7
105.1
107.5
101.7
95.4
100.5
106.0
109.5
100.4
94.7
100.2
106.1
109.6
100.5
93.6
101.0
106.1
110.2
100.4
95.9
102.0
106.9
109.1
99.3
99 2
101.8
107.3
109.1
99.8
98.7
101.6
107.4
108.0
99.3
98.4
100.2
108.0
106.0
99.0
95.6
99.6
107.5
104.5
98.6
95.5
99 8
107 8
105 0
99 1
95 7
100 8
108. 1
106 7
98 7
99 0
101 5
108 0
106 1
97 1
101 0
3
8
0
6
r IQQ g
101.5
107.7
107.7
96.4
100.0
101.3
107.9
108. 0
96 3
100 1
100.8
100.6
100.8
100.7
100.7
% 9
95 9
95 0
72.3
98 6
103 8
97.1
96.1
95.1
76.7
99.0
103.8
97.0
95.9
95.1
76.1
99.2
103 8
100 8
96 6
102.8
120 1
99.2
100.8
97.2
102. 7
122.7
98.9
100 8
97.7
102.7
122 7
98.6
98.6
93 2
103 9
85.1
94 3
98.5
93.0
104.0
85.1
94.3
98.5
92.9
104.1
85.1
94.3
107.5
108 8
110 8
106 6
r 97 o
r
97 2
107.4
108.6
108.8
106.5
96.6
96.7
107.3
108 6
107 1
106 8
96 3
96 3
109 3
109 4
107.7
98 1
100 9
102.2
109.6
108.0
98.0
100 4
102 1
110 4
108.0
97 fj
100 4
99.7
92.6
99 0
98.9
99.4
92.7
98.7
97.9
99.4
92 7
98 4
98 3-
All commodities!
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goodsO
By durability of product:
Nondurable goods
Durable goods
do
do
do
do
do
Commodities other than farm products and foods
1957-59=100.-
r
103
107
106
96
101.3
100.8
100.5
100.7
100.9
101.0
100.8
100.8
100.9
100.9
100.7
100.2
100.5
100.2
81.5
102.2
100.7
99.1
98.4
98.3
87.5
104.3
103.6
98.2
97.3
97.1
78.1
104.4
103.6
98.1
97.3
97.3
76.4
104.7
103.6
98.1
97.1
97.3
78.4
104.7
103.6
98.4
97.3
97.2
83.0
105.8
103.7
98.1
96.8
97.1
77.0
106.3
103.7
98.0
96.6
97.1
81.3
103.7
103.7
97.9
96.5
97.0
79.3
103.7
103. 7
97.7
96.3
97.0
77.1
103.6
103.8
97.6
96.2
97.0
73.4
103 6
103 8
97 2
96 1
95 1
73.5
101 0
103 8
97 0
95 °i
95 0
73.0
98 4
103 8
Fuel and related prod., and power 9
do
Coal
do
Electric power
Jan. 1958=100.Gas fuels
- _.do
Petroleum products, refined
1957-59= 100_.
99.6
98.8
101.9
116.6
97.6
100.7
97.7
102.4
118.7
99.3
99.0
98.0
102.5
119.4
95.8
99.8
98.3
102.6
119.3
97.2
100.6
98.6
102.5
118.4
98.9
101.0
98.7
102. 5
118.1
99.6
100.4
98.7
103.0
122.0
97.8
98.9
98.7
103.1
119.4
95.3
100.2
95.3
103.0
115.3
98.9
99.7
94.6
102.9
116.6
97.9
99 6
94 6
102.8
113 8
98.1
100 0
95 3
102.8
119 7
98.0
99 5
95 6
102.8
117 8
97.2
Furniture, other household durables 9 ---do
Appliances, household
do
Furniture, household
_ do
Radio receivers and phonographs
do
Television receivers.
__do_ __
100.1
97.0
101.6
95.2
98.1
99.5
95.2
102.8
'91.5
'97.2
99.4
95.2
103.1
89.3
96.1
99.5
95.1
103.5
89.4
96.1
99.3
94.9
103.3
89.4
96.2
99.3
95.0
103.4
89.4
93.7
99.1
95.0
103.5
87.8
93.7
99.0
94.9
103.4
87.1
93.7
98.9
94.7
103. 4
86.8
93.7
99.0
94.3
103.7
87.2
95.5
98.9
94.3
103.9
84.8
94.9
98.8
93.9
104.1
85.4
94.3
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
do
do
do _
do
do_ _ _
__do
105.2
107.0
100.5
103.5
100.4
99.8
106.2
107.4
107.9
106.0
95.9
94.7
108.9
108.4
121.2
111.5
94.8
94.0
108.6
108.5
117.4
110.7
94.8
93.8
108.2
108.5
112.5
110.5
94.6
93.7
108.2
108.5
110.1
110.9
94.7
94.0
107.7
108.5
105.4
110.6
95.2
94.8
107.4
108.7
103.8
109.6
96.2
95.8
106.9
10S. 7
103.3
109.5
96.8
96.8
107.2
108.7
105.4
110.6
97.1
97.5
108.0
108 7
108.5
110 0
97.3
97.6
107.5
108 8
104. 2
108 4
97.5
98.0
107.0
108 8
105 1
106 9
97 4
97 7
Machinery and motive prod. 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles _
do __do
do
, do
do
102.4
105.4
105.8
101.3
101. 0
102.3
107.4
107.5
100.0
100.7
102.1
107.4
107.6
99.5
100.5
102.2
107.8
107.6
99.5
100.4
102. 3
108.5
107.6
99.5
100.3
102.3
108.8
107.7
99.0
100.3
102.3
109.2
107.6
98.9
100.2
102.3
109.4
107.6
98.9
100.1
102.3 ' 102. 3
109.2
109.3
107.7
107.7
98.9
98.9
100. 1
100.1
102 2
109.5
107.7
98 5
100 9
' 102 4
109.5
107.6
'98.2
100 9
102 3
109 4
107.7
98 2
100 9
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals _ __
do
do
do
do -
101.3
98.2
100.6
103.9
100.7
94.6
100 7
100.4
100.9
94.4
100.9
100.9
100.4
94.0
100.1
100.2
100.6
94.5
100.2
100.8
100.7
93.8
100.6
100.5
100.6
93.8
100.4
100.3
100.4
93.7
99.8
100.1
100.3
93.7
99.6
99.8
100.2
93 1
99.2
99.9
99.8
92.9
98.9
99.3
99.7
92.9
98.9
99.0
99.8
92.9
99. 1
99.0
Nonmetallic mineral products 9
Clay products, structural
Concrete products
Gypsum products
do
do _do
do
101.4
103.1
102.4
101.9
101.8
103.2
102.5
103.8
102.1
103.3
102.7
105.0
101.9
103.3
102.5
105.0
101.6
103.3
102.4
105.0
101.9
103.4
102.4
105.0
102.1
103.5
102.8
105.0
102.2
103.6
102.8
105.0
102.4
103.6
102.8
105.0
102.1
103.6
102.6
105.0
101.9
103.6
102.6
106.0
101.6
103.6
102.8
105.0
101.6
103.6
102.8
105.0
r
101. 5
103.6
102.8
105.0
101.6
103.4
102.9
105 0
101. 6
103 4
102 9
105 0
Pulp, paper, and allied products
Paper
Rubber and products
Tires and tubes - _ _
do _ _
do- _ _
do
do
101.8
102.0
99.9
93.0
98.8
102.2
96.1
92.4
99.6
102.0
96.2
92.9
99.2
102.0
95.5
92.0
99.6
102.0
94.5
89.9
99.9
102.0
94.1
88.5
99.9
102.5
93.5
87.0
101.0
102.7
93.6
87.6
101.3
103.1
92-9
86.1
100.8
103.1
93.2
86.4
100.5
103.1
93.0
86.4
100.0
102.6
92.7
86.4
99.7
102.6
92.7
86.4
99.5
'r 102. 4
92.8
86.4
99.3
102.3
93.1
86.4
99.1
102.3
94 1
88.7
Textile products and apparel 9
Apparel
Cotton products
Manmade fiber textile products
Silk products
Wool products
do
-do
do
do_ _ _
do
do -
101.5
101.3
104.4
97.5
105.7
98.2
99.7
101.0
100.4
93.4
113.2
97.1
100.1
101.2
101.5
92.6
114.6
97.7
100.2
101.2
101.7
93.1
114.2
97.7
100.3
101.2
101.9
93.2
111.4
97.7
100.3
101.2
102.0
93.3
111.5
97.8
100.4
101.2
102.2
93.3
113.2
98.1
100.5
101.3
102.4
93.5
116.3
98.3
100.5
101.3
102.4
93.7
121.6
98.6
100.7
101.4
102.1
94.5
126.4
98.9
100.8
101.5
102.0
94.6
130.7
99.1
100.9
101.8
101.9
94.7
130.2
99.3
100.8
101.8
101.7
94.3
132.4
99.3
100.6
101.6
101.3
94.0
125.2
99.4
100.5
101.7
101.0
93.6
129.5
99.6
100.5
101.7
100.7
93.6
130.3
100.1
Tobacco prod, and bottled beverages 9 do
Beverages, alcoholic
-do
Cigarettes
do ._
Miscellaneous
do_Toys, sporting goods
do
102.5
100.3
101.4
99.3
100.2
103.2
100.6
101.4
103.9
100.9
103.8
100.5
101.4
100.7
101.6
103.8
100.6
101.4
105.1
101.6
103.8
100.5
101.4
106.3
100.9
103.8
100.7
101.4
106.7
100.5
103.8
100.7
101.4
105.6
100.3
104.0
100.8
101.4
105.6
100.5
104.0
100.8
101.4
106.0
100.5
104.1
101.1
101.4
106.0
100.5
104.1
101.1
101.4
105.4
100. 7
104.0
100.7
101.4
107.6
101.0
104.2
101.1
101.4
107.2
101.0
104.2
101.1
101.4
109.1
101.1
104.5
101.5
101.4
108.7
101.2
104.5
101.5
101.4
109.8
101.2
99.3
97.1
99.7
96.0
100.0
95.6
100.0
95.6
99.6
95.7
99.2
95.7
99.3
95.4
99.3
95.2
99.6
95. 1
99.8
95.1
100.0
95.0
99.6
94.8
99.5
94.8
98.8
94.3
199.4
194.3
199.3
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals __
Fats and oils, inedible
Fertilizer materials
Prepared paint
do
do
do
do
do
do
r
r
98.7
93 4
104.0
85.4
94.3
r
r
r
r
r
PURCHASING POWER OF THE DOLLAR*
As measured byWholesale prices
Consumer prices
-- -
1957-59=100-do
r
Revised.
1 Indexes based on 1947-49=100 are as follows: Measured by—wholesale
prices, 83.7 (Oct.); 83.6 (Nov.); consumer prices, 76.9 (Oct.). cf For actual wholesale prices
of individual commodities, see respective commodities. JData reflect conversion to the 195759=100 reference base period. Monthly and annual data for earlier periods for major components appear on p. 20 of the Oct. 1962 SURVEY. *New series. The index measures price
trends of commodities which are particularly sensitive to factors affecting spot markets.
Monthly data for earlier periods are available upon request from the U.S. Department of
Labor, Bureau of Labor Statistics, Wash. 25, D.C.
O Goods to users, including raw foods and fuels.
9 Includes data not shown separately.
©Revisions for Mar.-Dec. 1960 appear on p. 20 of the Oct. 1962 SURVEY; those for Jan.June 1961, respectively, are as follows (1957-59=100): 102.0; 102.6; 101.7; 100.9; 99.8; 99.0.
SURVEY OF CURRENT BUSINESS
December 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 j 1961
Monthly
average
S-9
1961
Oct.
Nov.
1982
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
Private, total?
mil.$_.
.
4,630
4,783
5,325
5,190
4,659
4,082
3,773
4,131
4,600
5,319
5,826
5,743
5,844
' 5, 791 ' 5, 715 5,266
3,300
3,364
3,698
3,603
3,345
2,962
2,769
2,987
3,325
3,821
4,112
4,078
4,082
' 4, 038
1,879
1,368
433
1, 875
1, 349
428
2,094
1,607
383
2,053
1,563
388
1,896
1,432
366
1,629
1,208
324
1,472
1,078
298
1,629
1,192
343
1,928
1,345
487
2,308
1,514
692
2,492
1,697
686
2,388
1,759
516
2,353
1,794
445
2,067
'2,311 ' 2, 158
' 1, 776 ' 1, 681 1,589
'423
367
'366
847
238
348
172
107
444
896
230
389
193
123
449
954
221
425
224
127
504
948
221
424
228
112
472
908
221
398
203
97
427
863
225
365
175
92
360
835
224
346
163
90
355
833
221
348
167
96
410
839
223
348
161
107
433
894
229
383
185
122
476
971
235
433
225
137
489
1,025
239
469
252
147
491
1,039
241
471
246
152
511
do
1,329
1,420
1,627
1,587
1,314
1,120
1,004
1,144
1,275
1,498
1,714
1,665
1,762
do
do
do
do
399
116
455
359
428
114
485
393
459
78
651
439
418
165
603
401
391
79
490
354
385
54
332
349
353
70
241
340
392
95
279
378
425
103
339
408
436
114
509
439
472
157
618
467
461
94
643
467
464
117
700
481
59,037
60,744
59,006
59, 166
56, 714
57,748
58,279
60,764
62, 678
62, 084
41, 767
42, 044
41, 881
41, 077
39, 909
40, 553
41,747
43, 472
44, 842
44,908
24, 026
24, 504
24, 440
23, 187
22, 245
22, 507
23,484
25, 018
26, 118
25, 987
25,957 '25,813 ' 24, 675 24, 601
do
10, 656
2,608
4,681
2,388
1,472
5,404
10, 540
2,554
4,608
2,413
1,416
5,380
10, 564
2,537
4,641
2,434
1,337
5,337
10, 982
2,590
4,928
2,612
1,316
5,357
10, 849
2,592
4,756
2,444
1,284
5,274
11,033
2,653
4,795
2,442
1,295
5,449
11,234
2,792
4,793
2,353
1,385
5,388
11,257
2,886
4,752
2,268
1,466
5,481
11, 403
2,950
4,865
2,352
1,531
5,539
11, 661
2,962
5, 110
2,588
1,533
5,444
11, 830
2,936
5,273
2,688
1,533
5,626
do
17, 270
18, 700
17, 125
18,089 1 6, 805
17, 195
16, 532
17, 292
17, 836
17, 176
17,585 ' 17, 382 ' 19, 591 18, 302
do
5,132
906
6,340
5,175
1,457
7,099
5,087
1,001
6,235
5,058
924
7,250
5,116
1,211
5,414
5,069
1,328
5,771
5,106
1,381
5,057
5,122
1.354
5,830
5,257
1,549
5,989
5,043
1,170
5,876
5,083
1,244
6,195
'5,065
1,164
6,140
' 5, 112
0)
7,786
do
Residential (nonfarm) $
do
New housing units
_
do
Additions and alterations
do
Nonresidential buildings, except farm and
public utilities, total 9 ..
.
.mil. $
Industrial
do
Commercial 9
- do
Stores, restaurants, and garages*
do
Farm construction
do
Public utilities
do
Public, total
Nonresidential buildings
Military facilities
Highways
Other types
.-
New construction (seasonally adjusted at annual
rates) total
mil $
Residential (nonfarm)
do
Nonresidential buildings, except farm and
public utilities total 9
mil $
Industrial
do
Stores restaurants, and garages*
do
Public utilities
Public total 9
Military facilities
' 3, 861
3,721
1,021
245
454
217
'134
'520
1.010
244
454
212
124
494
' 1, 753 ' 1, 854
1,545
1,037
245
465
234
'146
'515
'457
(l)
800
468
412
0)
0)
0)
62,829
62, 358 ' 63, 123
61, 628
45,244
44 976 ' 43, 532 43, 326
'459
117
708
469
11, 723
2,930
5,214
2,549
' 1, 575
' 5, 548
11, 419
2,885
5,018
2,316
' 1, 547
' 5, 581
11, 261
2,820
4,967
2, 245
1,556
5,615
5,103
0)
0)
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Corp.):
Valuation, total
mil. $
Index (mo. data seas, adj.)*
1957-59= 100__
Public ownership
mil $
Private ownership
do
By type of building:
Nonresidential
do
Residential
do
Public works
do
Utilities
do
Engineering construction:
Contract awards (ENR) §
do
Highway concrete pavement contract awardsrcf
Total
thous. sq. yds..
Airports
do
Roads
_
do
Streets and alleys
do
3,026
105
1,049
1,978
3,114
108
1,052
2,062
3,291
114
1,021
2,270
3,008
116
942
2,066
2,712
119
1,091
1,621
2,658
115
922
1,736
2,749
119
877
1,871
3,986
131
1, 475
2, 511
3,860
121
1,211
2,650
4,009
117
1,227
2,782
3,900
120
1,331
2,569
3,747
117
1,231
2,516
3, 631
118
1,039
2,591
3,273
113
1,099
2,174
3, 425
117
1,003
2,422
1,020
1,259
579
169
1,019
1,348
581
166
1,005
1,498
631
156
1,095
1,306
496
111
883
1,125
597
107
853
1,190
527
88
893
1,192
488
176
1, 325
1,552
806
303
1,102
1,816
702
241
1,275
1,819
729
186
1.242
1,656
724
277
1,197
1,623
719
207
1,177
1, 651
626
176
1,019
1,519
624
111
1,075
1,610
574
166
1,888
1,832
1,869
2,071
1,351
1,501
1,806
2,151
1,687
2,252
1,821
1,908
2,181
1,621
1,608
9,315
621
5,653
3,041
8,939
476
5,390
3,073
8,671
174
5,418
3,080
9,192
327
5,117
3,748
5,706
112
4,114
1,479
8,896
382
6,338
2,176
6,386
416
4,712
1,257
6,530
408
4,170
1,953
8,888
848
5,694
2,346
9,796
787
4, 973
4,037
10, 846
727
6,445
3,674
8,861
1,017
4,443
3,402
10, 414
421
6,205
3,788
6,986
123
4,415
2, 447
10,718
132
6,479
4,107
108.0
84.1
104.3
' 113. 8 ' 129. 9 ' 106. 1 '86.6
'82.4
' 74. 5 '55.7
'94.3
' 109. 4 ' 124. 8 ' 103. 0 '82.2
83.0
54.4
80.6
77.8
53.8
76.4
117.9
79.8
115.4
151.6
101.7
147.0
156.4
107.7
154.2
139.5
96.9
136.2
139.3
96.0
135.8
147.8
' 101. 7
146.1
114.2
77.0
112.7
131.5
106.2
74.0
102.5
'111.4 ' 127. 4 ' 104. 4
'72.9
••78.8
'88.9
' 107. 1 r 122. 3 ' 101. 3
84.5
'62.6
'80.1
81.7
59.9
79.3
76.7
55.8
75.3
116.3
83.9
113.8
149.5
110.6
144.9
154.9
112.0
152.7
137.0
96.2
133.7
137.4
97.7
133.9
144.7
'99.2
143.0
111.6
'81.6
110.1
128.6
89.5
126.2
' 1, 368 ' 1, 295
' 1, 345 ' 1, 255
1,273
1,247
1,152
1,134
1,431
1,407
1,542
1,521
1,579
1,566
1,425
1,399
1,466
1,447
1,529
1,500
1,278
1,250
1,497
1,463
14, 898
246
12, 017
2,635
HOUSING STARTS
New housing units started :f
Unadjusted:
Total, incl. farm (public and private). -_thous._
One-family structures
_do
Privately owned .
do
Total nonfarm (public and private)
_do
In metropolitan areas
_do
Privately owned
_do
Seasonally adjusted at annual rates:
Total including farm (private only)
Total nonfarm (private only)
do
do
' 1, 443
'1,413
129. 1
CONSTRUCTION COST INDEXES
Department of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta
_
New York
San Francisco
__ _
St Louis
1947-49=100..
144
145
145
144
145
145
147
147
148
147
148
148
149
149
148
1913-100
do
do
do
do
722
793
783
677
700
741
810
814
703
720
748
819
821
715
722
747
815
819
711
731
747
815
815
711
731
748
824
825
711
733
748
824
825
711
733
749
824
825
711
735
750
824
825
711
735
751
824
824
711
738
754
825
825
711
742
758
833
845
711
743
760
833
845
718
743
762
835
845
734
743
762
845
846
734
743
107
109
110
110
110
110
11C
110
111
111
111
111
112
112
112
Associated General Contractors (building only) O
1957-59=100..
»• Revised.
I Not available.
9 Includes data not shown separately.
*For data prior to Aug. 1960 for stores, restaurants, etc., see Bureau of Census reports;
data prior to Mar. 1961 for F. W. Dodge index will be shown later.
§Data for Nov. 1961 and Mar., May, and Aug. 1962 are for 5 weeks; other months, 4 weeks.
148
112
c^Data for Oct. 1961 and Jan., May, July, and Oct. 1962 are for 5 weeks; other
months, 4 weeks.
JFor revised data for Jan.-Sept. 1961 see Census report (020-41).
ONote shift in reference base; data prior to Sept. 1961 on 1957-59 base are available upon
request.
SUEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 j 1961
Monthly
average
December 1062
1961
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July 1 Aug.
Sept.
Oct. 1 Nov.
i
108.8
109. 8
108.7
107.3
108.7
109.7
108.7
107.2
111.1
110.9
115.8
110 8
115 8
13.0
206
10 6
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates:^ *
Average, 20 cities:
All types combined
1957-59 = 100- .
Apartments, hotels, office buildings
do
Commercial and factory buildings
do
Residences
do
Engineering News-Record: O
Building
do
Construction
_
_
do__
Bu. of Public Roads— Highway construction:!
Composite stand mile(avg forqtr) 1957-59=100
CONSTRUCTION
104.7
105.0
104.7
104.2
105.6
106.3
105.6
104.5
106.2
107.1
106.2
104.9
106.2
107.0
106.2
104.9
106.3
107.1
106.3
104.9
106.4
107.3
106.4
105. 1
106.5
107.4
106.5
105. 1
106.5
107.4
106.5
105. 1
107.0
107.9
106.9
105.6
107.6
108.6
107.6
106.2
107.9
108.9
107.9
106.4
108.5
109.4
108.5
106.9
108.7
109.7
108.6
107 2
106.1
108.4
107.8
111.5
108.3
112.4
108.3
112.5
108.2
112.5
108.3
112.5
108.7
112.9
109.1
113.3
109.2
113.6
109.9
114.7
109.9
114.8
110.6
115.4
111.1
116.0
1
94.1
194.9
131.6
130.2
144.5
127.7
126.8
132.7
109.5
127.7
115.0
123 0
114.5
129 4
134.8
139 4
137 2
135 0
151 1
140 8
146 2
137 0
128.6
131.7
159.0
130.2
130.8
161.6
144.7
142.9
193.5
123.2
131. 1
165. 3
105. 3
113.9
139.9
112.3
122.5
102.0
116.5
127.7
91.6
138.8
139.3
122.4
139.2
138.3
168.0
150.5
149.9
201.7
146.3
138.5
193.2
r 124. 4
20.2
20.3
11.9
14.8
22.1
272
16.1
17.4
265
13.5
16. 4
299
11.0
14.5
227
12.9
18.7
239
12.0
24.6
246
19.0
22.7
240
16.3
23.1
233
17.8
383. 38
165.42
397. 10
152. 63
432. 48
200. 91
483. 73
205. 91
425. 65
197.11
480. 34
226. 58
397. 95
175. 44
418. 17
204. 97
371. 89
181.81
21,981 2 2, 662
2,202
2,288
2,662
2,320
2,228
2,151
2,323
97.4
97.2
r
97.0
115.9
98.4
MATERIALS
Output index:
Composite, unadjusted 9 J_
Seasonally adjusted 9 J
1947-49 =100__
do
Iron and Fteel products, unadjusted t
Lumber and wood products, unadj.J
Portland cement, unadjusted
do _ _ .
do
do
r
T
131. 5
135 9
T
r
153 1
138 5
137.8
131 5
128.5
r
T
199.7
152. 1
147. 2
216.1
133.9
134.1
201.4
20.4
212
14.7
19.8
219
17.1
19.3
197
15.5
15.4
189
12.1
17.7
212
14.1
402 80
183 76
403 77
206. 90
432 60
219. 34
464. 73
247. 35
430 95
231.21
546. 38
284. 92
2,429
2,767
2,860
2,948
REAL ESTATE
Mortgage applications for new home construction:*
Applications for FIIA commitments
thous. units. .
Seasonally adjusted annual rate
do
Requests for VA appraisals
do
Home mortgages insured or guaranteed byFed Hous Adm * Face amount
mil $
Vet Adm • Face amount
do.
Federal Home Loan Banks, outstanding advances
to member institutions
mil $
New mortgage loans of all savings and loan associations estimated total
mil $
By purpose of loan:
Home construction
do
Home purchase
do
All other purposes
do
3,046
r
1,192
1,447
1,629
1,529
1,500
1,323
1,303
1,611
1,661
1,857
1,936
1,839
2, 036
1, 731
1,953
390
511
291
423
601
423
464
696
469
436
645
448
417
598
485
353
550
420
362
509
432
464
633
514
512
635
514
584
739
534
572
823
541
515
796
528
540
920
576
r
495
r
548
816
589
New nonfarm mortgages recorded ($20,000 and
under) estimated total
mil $
Nonfarm foreclosures
number
2, 445
4,279
2,596
6,090
2,961
6,352
2, 754
6,564
2,579
6,151
2,459
7,103
2,238
6,382
2,627
7,441
2,704
7 055
2,983
7 214
3 075
7 396
3,134
7 206
3,333
7 568
2,861
7 034
Fire losses
92.32
100. 75
86.93
115.85
109. 52
133. 48
115.86
114.42
106. 14
114. 53
95.99
94.79
94.58
85.25
_ _
mil. $__
746
••490
99.99
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index
1947-49—100
Business papers
do
Magazines
_
do ._
235
246
188
233
246
185
237
256
187
244
250
183
244
254
194
°40
251
190
244
248
190
240
254
184
243
268
194
240
242
192
239
248
189
240
261
186
245
243
188
246
249
196
210
160
23
462
201
143
20
483
189
139
23
526
223
132
23
530
212
140
19
520
207
132
19
516
216
128
20
533
200
128
20
544
196
131
18
533
196
133
20
550
191
133
21
551
193
140
17
549
203
146
17
583
201
144
20
562
56.9
1 178.0
i 12.0
i 52.0
136.7
198.6
16 3
58 4
39.3
194.6
12 7
60 7
42 7
193.2
12 2
58 1
39 1
192.4
9 6
62 6
37 4
Soaps, cleansers, etc
do
5. 8 i 19.2
Smoking materials
do __
6.4
i 21.2
All other
do
13.0 137 0
Spot (national and regional):
Gross time costs, total
do __ 3 150. 8 i 154. 4
Automotive, incl. accessories
.._ _ _ do _ _ .
14.3
Drues and toiletries
do
i 30. 2
152. 5
Foods, soft drinks, confectionery
do
17.3
21 7
45 7
19 6
21 9
37 0
20 9
21 7
41 2
24 4
21 6
36 8
177.8
37 3
61.0
4.5
182 1
4 2
39 7
64 5
17.4
7.6
50.2
21.5
8 4
43 8
Newspapers
Outdoor
Radio (network)
Television (network)
do
do
do
1950-52=100-.
_ _ _
Television advertising:
Network :cf
Gross time costs, total
Automotive, incl. accessories. _
Drugs and toiletries
Foods, soft drinks, confectionery
Soaps, cleansers, etc
Smoking materials
Allother..
.
_
Magazine advertising:
Cost, total
Apparel and accessories
Automotive, incl. accessories _ _ _
Building materials
Drugs and toiletries..
_
Foods, soft drinks, confectionery
mil. $_.
do __
do
do
4.6
16.3
10.8
do
do ..
do
do
do
do _
do ...
do
do. -
U8.0
i 7.4
141.9
71.1
4.7
7.8
3.0
6.7
9.8
69.7
4.5
7.0
2.5
6.6
10.2
89 8
6.0
11 0
2.9
8 7
13.0
84.7
68.5
5.1
3.3
5.8
.9
7.1
9.3
9 4
1.8
7.7
12.3
Beer, wine, liquors
do
4.2
4.3
51
58
7 5
Household equip., supplies, furnishings.. do
5.6
4.8
4.2
8.0
7.1
Industrial materials _._ _
do
4.6
3.8
5 2
36
48
Soaps, cleansers, etc _
do
.8
.7
1.1
.5
.9
Smoking materials
_
do
2.2
2.4
2 9
2 3
26
All other
do
21.7
22.9 ,
27.4
26.5
23.2
r
2
3
Revised.
i Quarterly average based on quarterly data.
End of year,
Quarterly average based on revised annual total; breakdown not available.
^Copyrighted data; see last paragraph of headnote, p. S-l.
*New series; data prior to
June 1961 will be shown later.
©Revised to reflect data as of 1st of indicated month and
shift to 1957-59=100 reference base; data for building costs prior to Aug. 1961 are shown on
p.
18
of
the
Oct.
1962
SURVEY.
fRevised
to reflect current specifications and base period;
http://fraser.stlouisfed.org/
data prior to 4th qtr. 1960 are available upon request.
Federal Reserve Bank of St. Louis
48 9
66 9
1.4
81 3
2.7
5.0
69
1.0
4 4
7.5
24
7 3
2.4
63
12.3
33
9 3
35
7o
12.5
4 7
4
4
8
8
151 9
5 4
30 2
48 3
23.5
90
54 9
20.4
50
42 6
189
7
31
62
87 1
7.2
10 8
3.6
7 5
11.1
37
7.2
4 2
8
26
28.5
82 0
5.7
9 2
3 7
7 3
10.1
72 9
2.9
7 6
26
81
10.3
51 7
.9
4 4
17
6 4
8.8
50 2
5.2
36
14
50
7.1
75 0
8.4
56
27
69
94
91 8
6.8
12 8
2 4
86
13.1
4 6
51
28
36
51
39
5.0
7.5
2.4
3.4
7.6
5.0
4 3
4 1
32
4 4
33
4 9
g
g
7
7
7
8
.3
10
10
0 g
35
2 g
19
28
2 9
2 5
2 7
2 5
23.6
19.2
27.5
26.' 0
23^2
16.0
16.3
24.7
27^2
9 Includes data for items not shown separately.
^Revisions
for 1955-Mar. 1961 (1959-1960 for lumber and wood) are available upon request.
d1 Revised beginning 1961 to provide for horizontal contiguity rate structure, wherein a
single advertiser might obtain a lower basic rate through the purchase of time across-theboard; not directly comparable with earlier data.
1.9
21
3.1
2 5
4.9
36
SURVEY OF CURRENT BUSINESS
December 1062
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
S-ll
1962
1961
Monthly
average
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
229.8
239.5
257.8
Nov.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities):
Total
mil . lines
Classified
_
do
Display, total
do __
Automotive
do
Financial
_
do
General
_
do
Retail
do
240.7
61.3
179.5
13.8
4.5
28.8
132.4
231.4
58.1
173.3
12.3
4.9
26.9
129.1
260.9
.mil. $_. 18, 294
18, 234
18,751
63.2
197.8
13.9
5.2
34.1
144.6
198.9
54.1
144. 8
11.4
4.4
23.4
105. 6
236.9
13.0
4.8
31.5
154.5
201.3
55.7
145. 6
10.7
7.8
18.7
108.4
62.2
174. 7
12.7
4.8
27.6
129.5
246.0
63.6
182.4
13.7
5.5
27.6
135.6
256.9
65.9
190. 9
15.1
4.4
30.5
140.9
227.6
50.8
192.0
8.9
5.6
23.3
154.3
62.3
165. 3
14.2
4.4
26.1
120. 6
207.0
61.7
145. 3
12.6
5.4
19. 0
108.3
19,215
22,869
16, 942
15. 982
18, 970
19,172
20, 144
20,184
19. 068
261.3
57.5
203.9
242.8
64.6
165.1
11.3
3.5
20.0
130.4
63.2
176. 3
11.2
4.1
26.1
134.9
62.5
195. 3
16. 2
5.1
31.3
142. 6
RETAIL TRADE
All retail stores:
Estimated sales (unadj.), totalf©
Durable goods stores 9 ©
do
Automotive group©
do
Motor veh., other automotive dealers. do
Tire, battery, accessory dealers©
do
5,894
3,292
3, 082
211
3, 076
883
564
319
943
718
224
5,608
6,037
3,298
3,082
5,174
3, 106
2, 931
175
19,852 '18,796 '20,540
6,828
4, 026
3. 786
240
6, 786
3, 944
3, 697
247
6,330
3, 567
3, 334
233
6, 321
5, 604 ' 6, 990 1 6. 704
3,421 ' 2, 808 ' 4, 083 i 3, 814
r
3. 194
3, 853
2 599
227
230
' 209
814
532
282
816
623
193
789
529
260
950
728
876
577
299
1.063
'814
249
894
,580
314
1 , 068
829
873
.573
300
1.070
948
625
323
1 , 096
874
222
13,398
12.738
3,780
162
3, 579
201
216
3,180
209
865
547
318
913
700
213
915
591
324
1, 028
821
207
960
614
346
949
743
206
1,181
'718
463
906
626
280
781
492
289
687
522
165
461
264
6,52
501
151
do.._. 12,400
1,142
do
do
218
444
do
276
.do
204
do
12,626
12.714
13,129
16,574
11,768
11,002
1,188
224
462
299
203
1,261
252
483
329
197
2,051
449
770
,550
282
948
196
361
22.5
166
79.5
149
312
189
145
12. 831
1 . 063
'186
418
263
196
12,888
1.307
221
496
320
270
13,316
1, 183
221
463
285
214
645
1,367
4 618
do
do
628
1,341
4, 486
4, 028
1, 466
646
1 , 359
4 595
4.146
1,514
890
1. 421
5, 168
4, 670
1, 546
651
1,272
4, 470
4. 043
1. 447
622
1,185
4,314
3. 902
1,333
657
1,336
4. 971
4. 522
1 , 4S7
643
1.371
4, 520
4 t 073
1,511
669
1 , 486
4, 791
4. 326
1,577
667
1 . 537
5. 033
4. ,563
1 . 623
646
1. .566
4, 733
1 , 498
634
1,409
4 5?3
4, 070
1,550
1,647
r
6,58
632
1.630 ' 1,513 '
4, 997 ' 4, 823 '
4. .52 1
'
1 , 662 ' 1,'5()4 '
General merchandise group 9
do
Department stores
do
Mail order houses (dept. store mdse.) ..do
Varietv stores
do
Liquor stores
„_ do
2,001
1, 1(52
155
325
407
2, 076
1,213
161
340
409
2, 165
1 , 284
178
332
397
2, 4.59
237
37.5
430
3, 853
2, 293
248
724
647
1,632
94.5
131
249
378
1.513
8,50
121
265
360
1.966
1 . 1 46
145
324
39,5
2,157
1.253
1 56
363
388
2, 206
1,287
163
351
409
2.146
1 . 267
137
352
420
1.930
1.110
131
323
422
2, 247
1,272
180
367
444
19. 682
Furniture and appliance group
Furniture, homcfurnishings stores
Household appliance, TV, radio
Lumber, building, hardware group
Lumber, bldg. materials dealerscf
Hardware stores _ .
Nondurable goods stores 9
Apparel group _ _ _
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
_
Drug and proprietary stores
Fating and drinking places
_
do
do
do
do
do
do
do
__ do
Groeerv stores
Gasoline service stations
2,870
206
1,144
222
439
282
201
4,1,59
3,389
1,4,52
6,139
999
1.121
233
407
269
212
850
971
18,5
368
236
182
4.267
i 993
' 916
.598
318
r
999
' 782
917
r
f
032
335
' 847
15
20
13,531 '13,192 '13,550 i 14. 108
1 , 096 " 1 , 1 93 ' ] , 232 i 1.307
r
192
414
206
' 4,5.5
' 296
' 236
215
r
r
233
471
31 5
213
1
6,53
' 047
1,503 i1 1.440
4, 80,5 4 922
4, 349 ' 4. 466
1,5%
2, 232 ' 2, 376 1 2, 6S1
1,303 ' 1 , 378 i 1.568
183
1 05
' 3,52
'421
433
do
18,577
19,098
18,827
18,835
18.965
19,266
19,596
19. 432
19.089
Durable goods stores 9 ©
do
Automotive group ©_
do
Motor veh., other automotive dealers.do
Tire battery accessory dealers©
do
5, 8.55
3, 268
3, 0.56
212
6, 190
3 600
3. 392
208
5,915
3, 277
3, 0,50
5, 920
3. 348
3,126
222
5, 977
3, 361
3,138
223
6, 180
3. 5.57
3, 329
228
6, 332
3, 646
3, 422
224
6, 169
3, 520
3, 297
223
6, 029
3, 436
3. 220
216
880
866
.545
321
930
729
201
914
577
337
949
726
223
885
569
316
927
714
213
879
.5,58
321
932
210
8S8
576
312
937
715
222
888
582
306
972
753
219
876
562
314
946
728
218
861
,565
296
923
713
210
908
604
304
978
763
21,5
12,912
12,915
13. 086
1.217
232
464
306
215
13,264
13, 263
1, 196
236
451
304
205
13.060
13,304
4.787
4.318
1. 547
677
1, 444
4,801
4,335
1.533
680
1. 464
4, 722
4, 269
1,553
674
1,404
4. 83,5
4. 368
1,52,5
673
' 651
648
1.461 ' 1,454
1,460
4. 8,56 '4,915
4. X47
4,391 ' 4, 453 4. 388
1,546
1,5,58
2, 268
1 320
167
376
433
2, 198
160
3.57
418
2. 287
1. 344
167
374
433
2. 301
1,310
181
381
454
r
1 62
3 SO
409
2, 253
1 308
171
379
443
,,37
1 1 . 83
4. 99
1.92
2. 44
27. 54
11.99
.5. 04
1.97
2.50
27. 44
11.98
f. 04
1.94
2. 49
27. 02
11.77
4.87
1.92
2.48
26. 91
11. 76
4.88
1.91
2.46
26. 66
11.17
4.21
1.92
2.44
' 27. 02
2^12
28. 03
11.44
4.33
2.01
2. 40
'r 16.06
3. 58
r
3. 38
4.76
16. 59
3. 69
3.44
5.08
Estimated <viles (seas adj ) totalf©
Furniture and appliance group
Furniture homefurnishin° r s stores
Household appliance TV, radio
Lumber building hard ware group
Lumber bldg materials dealerscf
Hardware stores
do
do
do
do
do
do
Nondurable goods stores 9
Apparel group.
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
do
do
do
do
do
do
12, 722
1,173
12,908
1,187
1, 164
1, 185
453
282
207
4,59
295
204
445
294
207
447
300
214
12, 988
1,170
218
438
297
217
do
675
1 398
4, 694
4 244
1,519
693
1 407
4, 631
4, 196
1, 539
655
1 387
4, 684
4, 236
1, 548
665
1,414
4, 732
4 280
1,539
2, 184
1 311
1 58
347
409
2.133
1, 232
163
360
431
25. 82
11.37
4.76
Drue and proprietary stores
318
918
719
199
C ror or v "tores
Gasoline ^ervice stations
do
do
644
1 369
4, 646
4 183
1.521
General merchandise group 9
Department stores
Mailorder houses (dept. store mdse.)
Variety stores
Liquor stores
do
do
do
do
do
2, 101
1 216
166
349
411
2.16.5
T?C d Y
^ 1
-
Estimated inventories, end of year or month: i
Book value (unadjusted) total
bil $
Durable foods stores
9
- -- - -- do
Automotive t v roup
do
Furniture and appliance i v roup
do
Lumber, building, hardware group do
Nondurable t^oods stores 9 -Apparel group
Food oroup
General merchandise croup _.
Book value (seas adi ) total
Durable °oods stores 9
Automotive ^'roup
Furniture and appliance group
Lumber, building, hardware group,
1 24,5
174
370
421
1.207
231
450
304
222
675
1 , 426
1,114
208
431
277
198
ft. 378
3. 6.58
3, 446
212
1,200
462
301
208
19, 569 '19,618 '19,784 i 20, 123
6. 128
3, 423
3,218
205
f
'6,125 ' 6, 484 i 6, 483
3, 372
'3,149
909
595
314
951
736
215
99Q
'r 951
625
' 326
' 933
r
710
' 223
89,5
578
317
926
719
207
13,441 >• 13, 493 '13,31)0 i 13, 640
1.224
463
301
223
' 1r , 203
236
' 467
' 292
' 208
2 33'>
* 1,362
182
' 421
2.5. 78
11.03
4. 38
1.88
2. 25
27. 00
10.96
3.90
1. 95
2. 30
27.71
11. 26
4,12
1.99
2. 30
25.78
2/28
26. 56
11.62
4. 96
1.87
2,32
do
do
-do
do_
14. 26
3.16
3.14
3. 89
14.75
3. 22
3.31
4. 04
16.04
3.71
3.38
4.81
16. 45
3.70
3.48
4.94
14. 75
3. 22
3. 31
4.04
14. 45
3. 09
3. 24
3. 98
14.94
3. 25
3.31
4. 20
15.54
3.41
3.37
4.43
15.56
3.41
3.35
4. 46
15. 46
3.35
3.37
4.42
15. 25
3.26
3. 34
4.34
15.15
3.19
3. 28
4.38
15. 48
3.40
3. 28
4, 53
do
do
do
do
-do
27. 18
12. 33
5. 27
1.95
2.44
26. 86
11. 52
4.69
1.92
2.33
26. 40
11.25
4.37
1.89
2.33
ll". 44
4.58
1.89
2.36
26. 86
11.52
4. 69
1.92
2.33
26. 86
11. 52
4. 69
1.93
2.34
26. 90
11.48
4.66
1. 93
2.34
26. 78
11.38
4. ,54
1.93
2.38
26. 87
11.43
4. 54
1.96
2.41
26. 94
11.42
4. 54
1.93
2.40
27. 08
11.45
4. 55
1.92
2.43
27. 18
11.59
4. 67
1.94
2.44
27. 05 ' 27. 24
11.51 ' 11.06
4. 58
'4. 72
1. 92
1.94
2.45
2.44
11.03
4. 38
1.88
2.25
3, 833
3.613
' 223
25. 98
11.72
4.88
1. 90
2.35
14. 85
15.34
15.14
15.32
15. 34
Nondurable goods stores 9
do
3.41
3.36
3. 39
3.39
3.41
Apparel
CTOUP
do
3.32
3.14 ; 3.31
3.39
3.31
Food group
_ do _,
General merchandise group
do
4.26
4.44
4.34
4.32
4.44
T
l
Revised.
Advance estimate. fData for retail sales (1946-50) and for who lesale
sales and inventories (1946-47) have been revised for comparability with later data newfigures are avail able upon request.
9 Includes data not shown separately.
©Re vised
beginning
Feb. 1961; revisions for Feb.-Apr. 1961 will be shown later.
cfCom arises
658
1 , 441
4, 6SO
4. 237
1 . ,5.52
2/24(3
159
366
432
20, 812
6,284
3, 763
3, 544
219
4,980
2,994
2,832
6, 295
3, 136
2, 862
274
6, 086
1
r
' 10.9")
* 3. 97
1,177
231
445
289
212
1
L)
55
163
373
442
1L76
4, 82
1 . 94
2.43
15. 52
15.62
15.59
15. 54 r 15.58
1 5. 63
3.40
3.43
3.41
3. 39
3. 34
o.37
3.36
3.34
3.30
3.33 ' 3. 40 3.38
4. 46
4.52
4.54
4. 51
4. 50
4.54
lumbc,r yards, building material s dealers , and pa nt, plan i )ing, an d electri cal store s.
tl let ail in v entories have bee n revised beginni ig!946. Revisio] is for De 3. 1957-S( >pt.l960
appea r on p. 1>4 of the Dec. 19( )1 SURVf :Y; those for the earlier p eriod are availah le upon
reque 5t.
15. 34
3. 40
3.32
4.43
15.42
3.39
3.34
4.44
1 5. 40
3. 35
3.35
4.41
15. 44
3.39
3.33
4.44
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
December
1962
1961
Monthly
average
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 4 or more stores:
Estimated sales (unadjusted) totalt
mil $
Firms with 11 or more stores :
Estimated sales (unadj ) total 9 H
-do
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
T)rug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores
4,724
5, 127
5,231
5, 592
7, 466
4, 564
4,306
5,252
5, 236
5, 396
5, 499
5,041
5,526
-5,413
5 6^2
4,223
4,378
4,414
4, 716
6, 364
3, 866
3,673
4,508
4,464
4, 594
4,698
4,269
4,670
' 4, 559
4, 692
293
29
118
85
121
93
37
297
30
120
86
127
95
38
310
32
125
85
122
98
41
335
37
138
85
130
98
43
542
64
229
129
212
100
50
224
24
85
70
124
93
32
198
18
79
64
118
88
31
273
25
108
82
130
98
41
361
32
138
118
130
98
37
315
29
128
97
132
103
41
299
30
116
95
134
106
38
250
22
100
79
129
105
36
291
23
115
96
131
106
41
318
25
125
105
'129
101
39
314
30
124
93
132
103
46
1,290
781
251
1,785
69
82
1,354
823
262
1,843
63
83
1,421
872
261
1,771
74
87
1,610
975
286
1, 843
64
85
2,517
1,517
550
2,135
51
116
1,052
642
183
1,784
42
72
965
576
196
1,744
44
64
1,253
775
241
2,100
54
80
1,398
858
277
1,805
62
87
1,424
883
268
1,908
69
100
1,402
875
271
2,041
71
101
1,262
770
248
1,818
72
96
1, 459
870
285
1,960
76
91
1,436
884
271
1,893
67
86
1,519
939
279
1,890
73
92
do
4,432
4,516
4,569
4, 501
4,523
4,653
4,582
4,591
4, 523
4,635
4,670
' 4, 691
4, 610
do
do
do
_do
do
do
308
32
125
90
126
96
38
313
31
128
90
135
100
37
302
30
125
84
141
100
41
314
30
126
95
133
101
39
313
29
125
97
135
99
36
311
31
124
95
133
100
41
302
29
119
92
138
100
39
311
30
122
93
134
102
40
291
28
117
86
136
102
37
314
30
125
92
134
99
40
330
32
127
98
135
99
40
313
30
129
93
'135
99
41
305
29
121
95
136
100
41
1, 379
830
276
1, 845
64
88
1,410
851
279
1,877
63
87
1,434
916
257
1,899
63
90
1,408
848
268
1, 865
56
92
1,407
858
272
1,890
63
88
1,511
941
288
1,903
64
91
1,414
852
283
1,921
65
89
1, 451
878
287
1,906
61
89
1,420
870
275
1,899
61
87
1,472
896
287
1,913
64
89
1,487
886
302
1,921
62
86
1,496
916
284
1,936
61
93
1,428
863
288
1,940
61
90
12, 200
6, 016
6, 184
6, 819
5,381
12, 368
5, 958
6, 410
6, 886
5,482
13, 053
5, 903
7, 150
7, 161
5,892
12, 301
5, 698
6,603
6, 812
5,489
12, 007
5, 530
6,477
6, 541
5,466
12, 135
5, 609
6. 526
6, 562
5,573
12,678
5,864
6,814
6,901
5,777
12, 868
5,948
6, 920
7,008
5, 860
13,010
6,088
6,922
7,008
6,002
12, 948
6,153
6,795
6,898
6, 050
_do_ -do
do
do
do
-do
do
General merchandise group 9 -- do
Dept stores, excl. mail order sales
do
Variety stores
do
Grocery stores
_
do
Lumber yards, bldg. materials dealers cT— do
Tire, battery, accessorv dealers!do
Estimated sales (seas adj ) total 9 f
Men's and boys' wear stores
"Women's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
General merchandise group 9
-do
Dept stores excl mail order sales
do
Variety stores
do
Grocery stores
_
_ _ _ _ _ _ d o _ __
Lumber yards bldg materials dealerscf do
Tire battery accessory dealers^
do
All retail stores, accounts receivable, end of mo.:*
Total
mil $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
_
__do
Department stores:
Ratio of collections to accounts receivable:
Charge accounts
_
percent-Installment accounts
_do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales _
do
Sales, total United States:!
Unadjusted
1957-59=100.Seasonallv adjusted
do
Stocks, total U.S., end of month:t
Unadjusted
do _ _ .
Seasonally adjusted
do
i 12,937 i 13,053
6, 104
5, 903
6, 833
7, 150
7 122
7,161
5, 815
5, 892
13, 045 '13, 156 13,351
6,200
6,213 * 6, 148
6,832 ' 7, 008 7,151
7, 125
6, 973 ' 6, 977
6,072 ' 6, 179
6,226
46
15
47
15
48
16
49
17
48
16
47
16
46
15
50
16
46
17
48
17
48
17
47
16
47
17
46
17
49
17
43
42
15
43
42
16
41
43
16
42
42
16
45
40
15
42
40
18
42
41
17
42
42
16
43
41
16
42
41
17
43
40
17
44
39
17
44
39
17
42
41
17
41
42
17
106
109
113
109
134
112
204
113
83
'110
'83
110
'96
117
112
113
110
'115
105
111
96
114
104
115
117
117
'P113
p 110
'108
' 115
116
116
118
115
'117
' 117
112
118
112
118
117
118
125
118
p 135
P 120
109
110
125
112
' 130
' 113
' 104
113
T
102
114
P 139
P 116
WHOLESALE TRADE f
Sales, estimated (unadj.), total
Durable goods establishments
Nondurable goods establishments
Inventories, estimated (unadj.), total
Durable goods establishments
Nondurable goods establishments
12.33
4.44
7.89
12. 56
4.28
8.27
13. 69
4.74
8. 95
13.64
4.55
9.09
12.87
4.22
8.65
12.33
4.14
8.19
11.57
3.96
7.61
12.98
4. 52
8.46
12. 60
4.54
8.06
13.52
4.76
8.76
13.12
4.69
8.43
12. 71
4.47
8.24
13.71 ' 12. 86 14. 45
5.00
4.78 '4.50
8.93 ' 8. 36 9.45
do_ __ i 13.21
6. 61
do
6. 60
do
113.49
6.68
6.81
13. 74
6.77
6.97
13.78
6.74
7.04
13.49
6.68
6.81
13. 59
6.72
6.87
13. 56
6.79
6.77
13. 68
6.96
6.72
13.61
6.98
6. 62
13.59
7.05
6. 54
13.71
7.08
6.63
13. 70
7.06
6.64
13. 76
7.01
6.75
' 13.85
'r 7.00
6. 85
14.16
6.97
7.19
186. 15
186. 37
186. 59
186. 85
187. 11
187. 38
_bil. $_.
do
do _._
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas §
miL_ 2 180.68 2183.74
EMPLOYMENT 0
Noninstitutional population, est. number 14 years
of age and over, total, unadj
__mil__ 125. 37
Total labor force, incl. armed forces
Civilian labor force, total
Employed, total
_
Agricultural employment
Nonagricultural employment
thous..
do
_do _
do
do
Unemploved, total _.
Long-term (15 weeks and over)
Percent of civilian labor force
Not in labor force . _
_do
do
Civilian labor force seas adj *
Employed, total
Agricultural employment
Nonagricultural employment
Unemployed, total
Percent of civilian labor force.
do
do
_do
do
do
thous
184. 57
184. 84
185. 07
185. 51
185. 71
185. 94
187. 63
127. 85
128. 57
128. 76
128. 94
129. 12
129. 29
129. 47
129. 59
129. 75
129. 93
130.18
130. 36
130. 55
130. 73
130.91
73, 126
70, 612
66, 681
5,723
60, 958
74,175
71, 603
66, 796
5, 463
61,333
74.345
71,759
67, 824
5, 964
61,860
74, 096
71, 339
67, 349
5. 199
62, 149
73, 372
70, 559
66, 467
4.418
62, 049
72, 564
69. 721
65, 058
4,417
60, 641
73,218
70, 332
65, 789
4, 578
61, 211
73, 582 373,654
70, 697 70, 769
66, 316 3 66, 824
4,782
4,961
61, 533 61, 863
74, 797
71. 922
68, 203
5,428
62, 775
76, 857
74, 001
69, 539
6,290
63, 249
76, 437
73, 582
69,'? 564
6 , 064
63, 50 0
76, 554
73, 695
69,' 762
5' 770
63,' 993
74, 914
72 179
68, 668
5,' 564
63,' 103
74, 923
72, 187
68,' 893
5' 475
63, 418
74. 532
71 782
67 981
4,' 883
63^ 098
3,931
4,806
1, 532
6.7
53, 677
3,934
1,240
5.5
54, 226
3, 990
1,137
4,091
1,233
4, 663
1.252
55, 570
56, 554
4,382
1,485
6.2
55, 889
3,946
1,483
5.6
55, 933
3,719
1,274
54, 659
4,543
1,431
6.5
56, 072
4,463
1,033
6.0
53, 072
4 018
'921
5. 5
53, 746
3 932
'934
5. 3
53, 805
3 512
'906
4 9
55, 631
3, 294
'865
46
55, 808
3 801
' 866
53
56, 378
71, 473
66, 822
5,472
61, 369
4,762
71, 482
67, 148
5,311
61, 840
4,370
71,272
66, 936
5,204
61,618
4,274
6.0
71, 435
67, 278
5,453
61, 690
4,159
71,841
67,' 894
5, 603
62, 206
4,008
5.6
71, 774
67, 947
5,560
62, 280
3,914
3
71, 484
3
956
5.6
52, 242
5.6
5.8
__
6.7
6.1
2
'Revised.
P Preliminary.
* End of year.
As of July 1. 3 See note"©".
1 Revised beginning Feb. 1961; revisions for Feb.-Apr. 1961 will be shown later.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and elecDigitized for trical
FRASER
stores.
fSee corresponding note on p. S-ll.
§Revisions (1950-61) are available.
*New series. Back data for accounts receivable are available from Bureau of the Census.
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
185. 29
6.7
5.2
54, 956
72 392 72 035 71 899 71 926
68* 194 67, 854 67 875 67 778
5, 166
5^063 5^ 023 4 988
63, 172 62 914 62 915 62 784
4, 218
3*, 828
4, 167
3 977
4 164
5.8
5.5
5.5
5.4
5.5
' 5. 3
'5.8
' 5. 8
'5R
' & 8
Monthly labor force data (1948-60) appear in" Employment and Earning?," BLS (Feb. 1962).
JRevised series, reflecting (1) adjustment to 1958 Census of Business benchmarks, (2)
shift to 1957-59 base period, and (3) review of seasonal factors. Revisions beginning 1947
appear in the FEDERAL RESERVE BULLETIN, July 1962.
©Beginning Apr. 1962, not strictly
comparable with earlier data; see July 1962 SURVEY.
67, 499
5,255
62, 236
3,963
71, 850
67, 931
5,214
62, 775
3,903
71, 706
67! 711
5, 190
62, 747
3^ 917
71, 578
67.' 735
5, 143
62,' 809
SURVEY OF CURRENT BUSINESS
December 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
| 1961
Monthly
average
S-13
1962
1961
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov. p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total, unadjusted!
thous.. 54,347
54, 077
55, 065
55, 129
55,503
53, 737
53, 823
54,056
54, 849
55, 209
55, 777
55, 493
55, 709
r
16, 762
do _
do ... 9,441
7,321
do
16, 267
9,042
7,225
16, 607
9,201
7,406
16, 658
9,329
7, 329
16,556
9,297
7, 259
16, 370
9,222
7,148
16, 452
9, 287
7,165
16, 525
9,339
7,186
16, 636
9,422
7,214
16, 682
9,475
7,207
16, 870
9,547
7,323
16, 782
9,463
7,319
16,931
9, 402
7,529
r 17,127
709
93
182
314
666
87
156
309
668
86
156
306
667
88
157
306
657
85
156
306
647
86
154
305
642
86
153
302
640
86
149
302
647
87
146
302
657
88
145
304
661
89
143
308
648
88
130
310
658
84
142
309
'651
'80
'143
307
'646
79
144
302
641
2,882
4,017
887
283
2,760
3,923
820
270
2,981
3,953
822
268
2, 825
3,943
816
267
2,575
3,927
824
269
2,298
3,863
801
270
2, 282
3,863
799
267
2,328
3,880
803
262
2,589
3,904
808
267
2,749
3,924
815
266
2, 839
3,965
819
261
2,982
3,948
811
254
3,031 r 2, 978
3,963 ' 3. 959
810
784
254
'265
' 2, 930
' 3. 957
792
268
2,792
3,938
874
191
706
613
875
197
695
611
913
202
689
608
913
199
688
606
895
200
686
604
867
200
684
602
872
201
684
600
879
204
685
600
887
205
687
601
893
207
688
602
919
208
692
613
920
193
698
618
11,412
-do
3,009
do
do_ _ _ 8,403
2,684
do 7,361
.do
8,520
do
11,368
3,008
8,361
2,748
7,516
8,828
11,450
3, 049
8,401
2, 758
7,618
9,030
11,611
3, 051
8, 560
2, 757
7, 596
9,072
12,181
3, 062
9,119
2,756
7,573
9,278
11,270
3,021
8,249
2,747
7,510
9,032
11,188
3,021
8,167
2,749
7, 545
9,102
11,223
3, 022
8,201
2,754
7,573
9,133
11,470
3, 028
8,442
2,770
7,690
9,143
11, 476
3,034
8,442
2,780
7,769
9,172
11,582
3, 074
8,508
2,808
7,881
9,171
11.540
3, 091
8,449
2, 839
7,884
8,870
11. 558 ' 11,627 '
3. 107 'r 3, 105
8, 522
8,451
2,841
2,813
7, 867 ' 7, 856
8, 860 ' 9, 241
54, 077
16, 267
9,042
201
600
367
567
1,142
54, 385
16, 361
9,112
208
600
372
574
1,174
54, 525
16, 466
9,213
206
602
373
570
1,178
54,492
16,513
9,244
206
600
375
565
1,184
54, 434
16, 456
9,217
207
598
372
559
1, 194
54, 773
16, 572
9,312
207
612
375
563
1,211
54,901
16, 682
9,385
210
610
379
562
1,217
55, 260
16, 848
9,490
211
611
382
571
1,223
55, 403
16, 891
9,544
213
609
387
579
1,199
55, 535
16, 923
9, 555
213
611
386
581
1, 163
55, 617
16, 908
9, 552
217
607
386
581
1.149
55, 536 ' 55,583 - 55.620 55, 589
16, 795 r 16,805 ' 16,776 16,711
9, 461
9, 486 ' 9, 467 9. 416
Manufacturing establishments
Durable goods industries
.
Nondurable goods industries
Mining total 9
do
Metal
.
.
do Coal mining_ __
__ __ _do
Crude petroleum and natural gas
do
Contract construction
Transportation and public utilities?
Railroad transportation _
Local and interurban passenger transit
Motor freight trans and storage
\ir transportation
Telephone communication _ _
Electric, gas, and sanitary services
do
do _ do
do
Wholesale and retail trade
Wholesale trade
Retail trade
Finance insurance, and real estate
Services and miscellaneous
Government
Total, seasonally adjustedf.
Manufacturing establishments
Durable goods industries
Ordnance and accessories
Lumber and wood products _
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries
do
do
do
do
do
do
_.do
do . do
do
do
do
» 54, 347
16, 762
9,441
187
637
383
595
1,229
1
56,252 ' 56,306
56, 206
' 17,024
' 9, 571 ' 9, 558
' 7, 556 ' 7, 466
16, 908
9, 537
7,371
928
199
699
619
609
385
5X3
1,141
'942
210
'693
'612
r
946
212
689
605
11,691
3, 115
8, 576
2, 805
7, 863
9, 390
11,838
3, 117
8, 721
2,803
7. 829
9, 457
220
603
380
r
576
1, 134
223
' 601
377
'578
' 1,119
220
606
377
574
1, 114
1, 129
1,471
I , 528
' 1.117
' 1 , 480
'1,546
1,110
1,480
1.530
Fabricated metal products
do
Machinery
__ __
do __
Electrical equipment and supplies. _. do
1,128
1,471
1,446
1, 076
1,401
1, 436
1,091
1,409
1,455
1,097
1,412
1 , 456
1,098
1,418
1,471
1,092
1,416
1,477
1,097
1,421
1,495
1,109
1,437
1, 510
1,124
1,453
1,528
1,135
1,460
1,541
1,131
1 , 470
1,554
1,132
1 . 474
1,555
1. 122
1, 480
1,541
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
1,617
354
392
1, 522
346
382
1 , 496
349
384
1 . 579
' 351
389
1, 588
352
387
1,569
351
382
1 , 595
352
384
1,611
355
385
1.637
356
394
1, 663
359
399
1,687
359
400
1, 68S
362
401
1, 619
362
397
' I , 694 '1,675
' 358
393
' 393
1,649
3(50
396
7,321
1, 793
94
915
1,228
593
917
830
212
374
366
7,225
1,780
90
880
1, 200
590
926
830
203
365
361
7. 249
1,787
91
882
1,204
591
925
835
204
370
360
7. 253
1,791
87
884
1,203
593
928
837
197
373
360
7, 269
1, 782
89
886
1,211
597
929
839
197
377
362
7,239
1,778
89
884
1. 196
593
926
836
200
377
360
7, 260
1,776
89
884
1,206
595
929
841
200
381
359
1^777
90
886
1,227
599
931
842
199
384
362
7, 358
1,788
88
889
1,258
602
934
847
199
384
369
7,347
1,776
88
890
1,248
604
935
849
199
392
366
7,368
1,774
87
891
1,257
606
937
853
199
399
365
7, 356
1,777
89
885
1,249
606
937
858
199
396
360
7, 334
1. 763
93
879
1. 246
606
937
855
198
395
362
' 7, 319 ' 7, 309
' 1.770 '1,770
'96
'92
'874
'871
' 1, 243 r 1,240
'603
604
7, 295
1, 772
90
867
1,235
601
709
Mining
do
2,882
Contract construction
do
Transportation and public utilities
do
4,017
11,412
Wholesale and retail trade
do
2,684
Finance, insurance, and real estate.
do
7,361
Services and miscellaneous
do
8,520
Government
__
do
Production workers on mfg. payrolls, un adjusted:!
Total, tin adjusted!
thous. _ 12, 562
Seasonally adjusted
do
7,021
Durable goods industries, unadjusted.. do
Seasonally adjusted
do
89
Ordnance and accessories
_
do
570
Lumber and wood products
do
319
Furniture and
fixtures
do .
483
Stone, clay, and glass products
do
992
Primary metal industries
do
471
Blast furnaces, steel and rolling mills. do
809
Fabricated metal products
do
1,030
Machinery
_
do
987
Electrical equipment and supplies do
1,133
Transportation equipment 9 _
do
566
Motor vehicles and equipment
do
392
Aircraft and parts. ...
. _ do
232
Instruments and related products
do
316
Miscellaneous mfg. industries
do
5, 541
Nondurable goods industries, unadj
do
Seasonally adjusted
do
1,211
Food and kindred products..
___rlo
83
Tobacco manufactures
__ do
827
Textile mill products
do
1,094
Apparel and'related products
do
474
Paper and allied products.
_ do
592
Printing, publishing, and allied ind.. do
511
Chemicals and allied products
do
138
Petroleum refining and related ind. . .do
113
Petroleum refining
do
Rubber and misc. plastic products. ..do
289
Leather and leather products
do
323
666
2, 760
3, 923
11,368
2,748
7, 516
8,828
661
2, 758
3,929
11,365
2,764
7, 580
8, 967
665
2, 719
3,927
11,374
2,771
7,611
8,992
654
2, 699
3,911
11,366
2,770
7,642
8,937
653
2, 594
3, 906
11,384
2, 772
7,640
9,029
653
2, 694
3,914
11,447
2,774
7,675
9,044
654
2, 648
3, 927
11,460
2, 776
7,681
9,073
656
2, 734
3,935
11,546
2, 778
7, 675
9,088
659
2, 716
3, 936
11, 596
2,786
7, 692
9,127
652
2,671
3.934
11,621
2,788
7,749
9,197
648
2, 738
3.913
11,652
2, 792
7, 783
9, 183
r
646
2, 731
3. 932
11,627
2, 796
7, 805
9, 204
'641
' 639
(539
' 2, 715 ' 2,710
2, 687
' 3, 928 ' 3, 933
3, 922
r
11,612 ' 11.603 11,597
2, 799 ' 2.811
2, 817
' 7, 809 ' 7, 824 7, 845
r
9, 274 ' 9, 324
9. 371
12, 044
12,379
12,129
6,771
6,676
98
555
317
470
950
451
848
955
997
1,021
469
383
226
334
5, 608
5, 453
1,286
96
806
1,087
477
602
510
132
107
294
317
12, 414
12, 225
6,883
6,766
98
542
316
463
953
446
856
960
1,012
1,124
564
390
229
330
5, 531
5, 459
1,220
82
805
1,092
478
604
510
126
102
296
320
12, 303
12, 257
6, 844
6, 797
98
526
314
449
960
450
851
977
1,013
1,123
565
393
227
307
5, 459
5, 460
1, 159
81
801
1,084
'477
602
511
124
101
296
322
12,118
12, 197
6,764
6,760
97
507
308
432
969
460
840
982
1,008
1,111
555
395
225
288
5,354
5,437
1,109
79
792
1,062
470
592
509
127
105
294
319
12, 187
12, 300
6, 820
6, 846
96
513
310
432
984
470
837
997
1,013
1,119
553
395
225
295
5, 367
5, 454
1,088
75
793
1,093
468
593
512
127
105
295
322
12,240
12,387
6, 857
6,903
96
509
311
435
991
474
843
1,014
1,014
1,118
551
393
227
299
5,383
5, 484
1,086
69
794
1, 106
471
596
518
127
105
295
322
12, 338
12, 541
6,931
7,000
98
527
313
454
991
473
851
1,025
1,019
1.118
557
382
226
308
5. 407
5, 541
1,111
66
796
1,096
475
596
527
128
105
294
318
12, 372
12, 566
6, 975
7,037
98
546
314
467
964
446
861
1,026
1,025
1,133
573
380
227
315
5, 397
5, 529
1,121
64
797
1, 080
475
595
525
129
104
298
313
12,516
12, 581
7, 025
7,035
97
571
317
476
936
420
868
1,034
1, 039
1,137
580
378
228
322
5, 491
5, 546
1,176
65
803
1.093
483
597
520
130
104
304
321
12,403
12, 551
6, 925
7,024
''99
568
313
476
903
399
852
1,020
1,031
1,121
561
384
226
316
5,478
5,527
1,224
65
786
1,071
476
592
521
130
104
290
316
12, 544
12, 432
6,862
6, 925
102
576
323
481
906
398
851
1,015
1,041
1,008
441
388
229
331
5. 682
5, 507
1. S04
90
798
1. 129
484
596
523
128
103
303
327
' 12,751 ' 12,665 12, 545
' 12,446 12, 416 12, 348
' 7, 034 ' 7, 028 7, 001
' 6, 953 ' 6, 932
6, 879
101
101
101
'567
'557
548
323
322
319
'474
'479
46(5
'911
'898
894
399
391
865~
'872
'871
1,021 '1,018
1,016
' 1, 059 ' 1, 063
1, 065
' 1, 133 ' 1, 152
1, 157
566
582
392
'389
'230
'230
232
'338
342
337
' 5, 717 ' 5, 637 5, 544
' 5, 493 ' 5. 484
5, 4(59
' 1,330 ' 1, 265 1, 199
' 105
84
'98
790
78S
'793
' 1, 125 '1.117
1.118
480
485
485
' 606
(503
(505
' 523
' 523
522
' 122
' 122
121
96
' 97
311
' 308
309
' 319
318
' 31(5
do
do
do
Nondurable goods industries.
do
Food and kindred products
do
Tobacco manufactures
do Textile mill products
__ _ _ _do
Apparel and related products
...do
Paper and allied products
do
Printing, publishing, and allied ind._do
Chemicals and allied products
do
Petroleum refining and related Ind. ..do
Rubber and misc. plastic products do
Leather and leather products _ _
do
6,613
94
535
304
455
914
428
820
964
963
1,035
492
379
222
306
5,431
1, 191
79
793
1,067
470
596
506
131
107
280
319
r
l
Revised.
p Preliminary.
Total and components are base d on uin .(1 justed data,
t Revised series. Beginning with the Nov. 19G1 SURVE^f , data fr r emplo yment. 1 ours,
earnings, and labor turnover have been a d j u s t e d to the !\ lar. 1959 benchm ark and have
been converted to the 1957 SIC. Effective Jan. 1959 .the di ta inclucle Alaski t and Hi waii.
r
'938
' 853
' 191
' 393
'358
936
' 856
' 191
'390
359
937
856
190
390
357
T h e r evision ? fleets al series; previous' y publis hod ostii nates an not dir H-tly coniparable
with t he revise d data. I npub ished re\ isions (p rior to S opt. 1960 on new ):isis arc in BLS
Bullet in No. 1 312, avai able in i lany pu )lic libra •ies.
o Includes data fo " industi ies noi 5 hown sc laratcly
December
SURVEY OF CURRENT BUSINESS
S-14
I
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961 j
edition of BUSINESS STATISTICS
|
1960
1962
1961
1961
\TnnHiiv
average
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr,
May
Jane
July
Aug.
Sept.
Oct.
Nov.--
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States
...thous..
Wash. D.C., metropolitan area
__do
2, 243
215
2 251
'220
2, 254
221
'2. 262
221
12,481
1
227
Railroad employees (class I railroads) :
Total
_ _ _ _
do .
Index, seasonally adjustedcf -.1957-59=100--
805
2 S8. 0
739
- SI. 5
743
S3 •>
737
S4.0
106 Q
106.6
95.2
106 4
105. 2
89 9
I'M 8
1 10. 5
93. 9
39.7
39.8
2.4
40. 1
2.4
40.2
2. 265
223
2, 277
224
2,284
225
2,324
235
2,339
237
2, 336
236
2.306
231
2. 304
231
726
80.0
735
80.3
738
79.9
731
79 3
730
79.8
704
p78. 2
712
» 79. 9
87.6
110.9
88.7
101 2
112.6
89.7
111 6
113.2
90.3
114 0
115.1
92.0
124 8
113. 2
88 8
128. 5
113.6
92.2
40.0
40.3
2.5
40.6
40 9
2.5
40.3
40.5
2.6
40.8
41.0
40. 4
40.8
2.7
41.1
41.3
2.7
40.5
40.6
2.8
41.1
41.1
2.8
40.7
40.5
2.9
41.2
41.0
3.0
40.5
40.5
2.8
40.8
41 0
2.8
40.4
40.2
2 8
40.9
40.9
2.8
r
2,252
222 I
2. 260
993
740
84.5
721
78.0
720
78.8
110 1
112.3
92.3
95 9
312.3
90. 5
81 3
108. 5
87.8
8? 4
109. 5
88.4
40.6
40.6
2.9
41.1
41.2
29
40.6
40.4
2.9
41.3
41.2
3.0
39.7
39.8
2.6
40.3
40.3
2.6
723
79.6 '
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) f 1957-59—100
Manufacturing (production workers)! do
Mining (production workers)!
- do
' 127. 0 1°3 9
117.4 ' 115. 7
'92.0
90.1
115. 2
HOURS AND EARNINGS t
Average weekly gross hours per worker on payrolls
of nonagricultural estab., unadjusted:!
All manufacturing estab., unadj.!
.hours..
Seasonally adjusted
__
_ do
Average overtime
do
Durable goods industries
. _ do
Seasonally adjusted
do
Average overtime
do
40. 7
40. 3
40.1
2. 8
41.0
40 7
2.9
40.4
40. 4
2. 9'
41. 0>
41 1
2. 9'
2.4
2.3
40. 4
40.2
2.8
40. 9
40 6
2 7
40.7
39 0
40 0
40. 6
39.0
38.0
40.8
39. 5
39.9
40.7
39.5
38.7
41.4
40 5
41.3
41.3
40.3
39.5
41.6
39.4
41.3
41.0
40.2
39.1
41.7
38.9
41.7
40.1
40.8
39.8
41.0
37.3
39.0
38.9
40.8
40.7
41.3
39 3
40.2
39.8
40.8
40.6
41.6
38.9
40. 6
40.2
41. 0
40,6
41.7
39.5
40.6
40.9
40.9
40.4
41.4
40.4
40.4
41.5
39.9
38.3
41.3
40.4
41.0
41.5
40.1
38.0
40.7
40 4
40 3
41.6
39.4
37.4
40.9
40.9
41.3
41.8
39.4
37.8
'41.2
40.8
41.6
41.6
40.0
'38.6
41. 2
'40.1
'41.4
' 41. 4
'39.4
37. 0
41.0
39 6
40. 7
41.0
39.7
Fabricated metal products
do
Machinery
_ _ _ __
do
Electrical equipment and supplies . . do
40. 5
41.0
39.8
40. 5
40.9
40.2
41.1
41,3
40.7
41.3
41.2
40.8
41.4
41.9
41.1
40. 3
41.3
40.3
40. 6
41 . 6
40.3
40.9
41.9
40.5
41.1
42.1
40.6
41.3
42.1
40.7
41.7
42.1
40. 9
40.9
41.7
40.3
41.3
41.6
40.5
' 41. 5 ' 41. 2
41.6
41.4
'40.7
41.0
41. 2
41.1
40. '
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
_ _
Instruments and related products
Miscellaneous mfg. industries
do
do
do _
do
do_..-
40.7
41.0
40.9
40.4
39.3
40.5
40.1
41.4
40.7
39.5
41.3
41.5
41.5
41.1
40.2
42.7
44.1
41.8
41.3
40.4
43.0
44.5
42.3
41.3
40.0
41.2
41.7
41.7
40.8
39.1
41.0
41.0
41.8
40. 5
39.1
41,5
41.6
41.9
40.5
40.1
41.8
42.4
41.8
41.0
40.0
42. 2
43.1
41.6
40.9
39.9
41.9
42.5
41.6
41.2
39.9
41.9
42.7
41.4
40.8
39.3
41.1
40.9
41.5
41.0
39.7
42. 2
42. r»
43. 1
43.6
-41.8
42.2
' 40. 9 r 40. 9
'40.1 ' 39. 9
40. 6
39.7
Nondurable goods industries, unadj
do
Seasonally adjusted
_
do
\verage overtime
do
Food and kindred products
do- _.
Tobacco manufactures
do
Textile mill products
- do
Apparel and related products
.. do
Paper and allied products
do
39. 2
-----
39.3
40.9
38 2
39. 5
35. 5
42.2
2~5~
40.9
39.0
39.9
35.4
42. 5
39. 8
39.6
2 9
41.4
40. 8
40.9
35. 8
43.0
39.9
39.7
2 8
41.0
38.3
41.4
36.3
43.2
39.8
39.7
2 7
40.9
40.1
41. 1
35.9
43.0
39.0
39.2
2.5
40.2
36.6
40. 1
34.5
42.1
39.2
39.5
2 5
40.0
37.4
40. 5
35.9
42.2
39. 5
39.9
2 6
40.2
37.7
40.8
36. 6
42.5
39.6
40.2
2 6
40. 5
38.0
40.7
36.5
42.3
39.8
40.1
2.8
41.1
38.4
40.9
36. 5
42.4
40. 1
40.0
2 9
41.2
38.4
41.1
36.8
42.9
40.0
39. 8
2 8
42.0
37.2
40. 6
36.6
42.8
39.9
39.4
2.7
41.2
37. 8
40.6
37.0
42.9
40.0
39.7
29
'41.8
'41.6
40.2
36. 5
43.0
39.4
39. 2
2 7
' 40.7
r
39. 3
40. 5
' 35. 9
' 42. 5
39.0
39. 4
9 8,
40. 7
38.8
40.7
36.X
42. 5
do
do
do...
do
do
do
38. 5
41.3
41. I
40.8
39.9
36. 9
38.2
41.4
41.2
40. 9
40.3
37.4
38. 3
41. 6
41.7
40.9
40. 7
36.7
38.3
41.8
41.6
41.4
41.2
38.0
38. 7
41.6
40.8
40.8
41.8
38.7
37.9
41.5
41.7
42.1
40. 7
38.7
38.1
41.4
40.6
40.7
40.2
38.0
38.5
41.4
40.7
40.5
40.6
38.0
38.4
41.7
41.3
41.0
41.0
37.1
38.4
41.8
41.6
41.2
41.3
37.2
38.3
41.8
42.0
41.4
42.0
38.3
38.2
41.5
42.3
41.6
40.9
38.5
38.4
41.4
41.7
40.8
40.9
38.1
'38.6
41.5
'42.7
' 42. 0
'41.2
r
37. 2
38.1
'41.3
' 41. 6
40.8
' 40. 9
' 36. 3
38. 2
41.4
41. 5
do
do
40.4
41.8
35 5
42. 0
40.6
41.4
35 8
41.8
41.8
42.1
37 8
42.5
41.0
41.3
37 6
41.7
40.7
42.1
37 7
41.7
39.9
41.3
37 5
41.0
40.7
41.7
37 6
41.9
40.9
41.8
37 6
41.9
41.0
41.7
37 1
42.0
40.9
42.0
35 0
41.9
41.3
42.0
37 2
41.6
40.9
41.3
41. 5
'41.3
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
Stone, clay, and flass products
Primary metal industries
Blast furnaces, stee^ and rolling mills
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products
Nonmanufacturing
establishments:!
Minincr 9
Metal mining
do
do
do
do
do
do
r 40. 5
3.0
41.2
41.0
'3.1
r
r
r
r
42.3
41.6
40.7
36 5
42.3
Contract construction
General building contractors
Heavy construction
._
Special trade contractors
do
do._
do
do
36.7
35.4
40.7
35.9
36.9
35.8
40.3
36. 2
38.2
36.8
42.5
37.2
36.5
35.5
39.0
36.0
34.9
33.8
36.5
34.9
33.4
32.1
34.0
34.0
35.1
34.4
38.3
34.4
36.1
35.0
39.3
35.5
36.7
35.7
39.3
36.2
38.1
36.7
42.2
37.2
37.6
36.1
41.4
36.7
38.4
36.8
42.7
37.4
38.8
37.0
43.5
37.5
r
38. 5
'36.7
'r 42. 7
37. 6
38 3
36.7
42.4
37 3
Transportation and public utilities:
Local and suburban transportation
Motor freighttransportation and storage
Telephone communication _
_
Electric, gas, and sanitary services
Wholesale and retail trade "
Wholesale
trade
Retai1 trade §
do
do
do._ do
do
do
do
43.1
41.5
39.6
41.0
39.0
40.5
38.5
42.9
41.6
39.4
40.9
38.8
40.5
38.1
42.9
42.3
40.1
41.2
38.6
40.6
37.8
43.3
41.9
39.7
41.3
38.4
40.6
37.5
43.0
42.0
39.5
41.0
39.0
40.8
38.3
42.6
40.9
39.3
41.2
38.5
40.4
37.7
42.4
41.0
39.4
40.8
38.5
40.3
37.7
42.8
41.0
39.3
40.9
38.6
40.5
37.8
42.6
41.2
39.2
40.8
38.5
40.6
37.6
42.8
41.4
39.4
40.8
38.6
40.6
37.7
43.0
41.9
39.7
40.8
38.9
40.7
38.2
42.4
41 9
40.3
41.1
39.2
40.8
38.5
42.8
42.1
40.2
41.0
39.2
40.7
38.6
42. 1
42 1
'40.6
'41.3
38.8
'40.7
T
38. 0
41.9
41 4
40.0
40.9
38.5
40.6
37 6
39.9
38.8
39.6
38.8
39.9
39.1
39.0
38.8
39.0
38.7
38.9
37.9
39.0
38.0
39.1
38.6
38.9
39.4
39.3
39.9
39.7
39.5
39.6
39.3
39.9
39.1
'38.7
'39.1
38.7
39.1
Average weekly gross earnings per worker on payrolls of nonagricultural establishments:!
All manufacturing establishments!
dollars-. 89.72
97. 44
Durable goods industries...
do
108. 67
Ordnance and accessories
do
73.71
Lumber and wood products _
do
92. 34
100. 10
113.42
77.03
94.54
102. 66
115.92
81.41
95. 82
104. 39
116.90
78.41
96. 63
105. 32
117.18
76.63
94.88
103. 17
115.21
73.48
95.20
103. 53
116.47
76.24
95. 91
104. 45
117.31
75.08
96.56
105. 22
118.43
77.82
96.80
105. 22
117.16
79.59
97.27
105. 47
116.88
80.40
96.80
104. 45
115. 18
80.40
95.75 '97.68
96. 72
103. 89 105.88 105. 37
115. 34 '117.01 '117.01
81.80
82.01 r 79. 80
Crude petroleum and natural gas._
..do
Services and miscellaneous:
Hotels, tourist courts, and motels
_ do
Laundries, cleaning and dyeing plants. do
r 36 3
' 42. 2
43. :*
40.8
37. 2
41 3
40.9
36 8
41.9
97.36
105. 78
116 44
78.41
do
-do
do
75.20
92.97
109. 59
76. 21
95.24
114.95
80.12
97.88
119.29
80.12
97.17
119. 39
81.32
95.04
121. 58
75.66
92.97
122. 81
77.59
94.33
122. 81
78.76
95.68
123. 41
78.76
98.16
123. 11
78.38
99.60
118. 50
79.95
100. 43
119. 10
78.18
100. 67
116. 62
80.54
81.54 ' 81. 14
79.77
101. 57 101. 50 ' 100. 60 99.63
116.23 '118.80 '116.62 117.91
. do
do
do
98.82
104. 55
90.74
100. 85
107. 16
94.47
102. 75
109.03
96.05
104. 08
109.18
96.70
105. 16
111.87
97.82
102. 36
110. 27
95.91
102. 72
111.49
95.91
103. 48
112.71
96.39
104. 39
113.67
97.44
105. 73
114. 09
97.68
106. 75
114.09
98.16
104. 30
112. 59
96.72
105. 32 '106.66 '105.88 105. 88112.32 112. 74 '112.61 111.79
97.20
99.22 ' 98. 49 98.42
111.52 113.81 117.29 123. 83 125. 13
Transportation equipment 9
do
97.27
93.73
98.64
99.95
99.53
Instruments and related products
do
75. 84
76. 78
74.28
78.40
77.57
Miscellaneous mfg. industries
do
'1 Revised.
* Preliminary.
Includes Post Office employees hired for the Christmas
season; there were about 225,000
2
such employees in the United States in Dec. 1961.
Based on unadjusted data.
cf Effective with Mar. 1962 SURVEY, index is shown on new base period.
118. 66
99.14
77.03
117.26
98.82
77.42
118. 69
98.42
79.00
119. 97
100. 04
78.80
121. 96
99.80
78.60
121. 09
100. 94
78.60
121.93
99.55
77.03
119. 19 124 49 '126 52 129 03
100. 04 '100.61 '100.21
99.47
77.42 ' 78. 60 ' 78. 60 78.61
Furniture and fixtures ..
Stone, clay, and glass products
Primary metal industries
Fabricated metal products .
Machinery
_ _ _
_
Electrical equipment and supplies
!See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
§Except eating and drinking places.
SURVEY OF CURRENT BUSINESS
December 1062
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
S-lo
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
86. IS
91. 46
68. 04
68. 21
62.16
Sept.
Oct.
Nov.?
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls of nonagricultural estab.f — Continued
All manufacturing estab.f— Continued
Nondurable goods industries
dollars
Food and kindred products
- . do_
Tobacco manufactures
do
Textile mill products
do_
\pparcl and related products
do
r
r
r
80.36
86. 30
64. 94
63. 60
56. 45
82.92
89.16
69.03
65. 04
57.70
84.77
89.84
69.36
67.08
60. 14
85. 39
89.79
69.32
68.31
60.62
85. 57
90.80
72.98
67. 82
59.95
84.24
90.45
66.25
66. 17
57. 62
84. 28
90.00
68 82
66. 83
59. 95
85. 32
90.45
72.01
68. 54
61.49
85 54
91 13
74 10
68 38
60.96
86.37
92.48
75.65
69.12
60.59
87.02
92.70
76.03
69.46
61. 09
86 80
93. 66
73 28
68.21
60. 76
95. 37
102. 80
103. 25
118.78
92.97
60. 52
99. 45
105.05
106. 81
J24.42
96.72
62. 83
101.91
105. 71
108. 58
125.93
98.49
62. 76
102. 38
106.09
109. 52
126.46
100.12
64.98
101.91
107. 97
108. 99
123. 62
102. 83
66.18
100 20
105. 36
109. 56
128. 44
99.31
66.18
100 01
106. 68
108. 47
123. 02
97.28
64. 98
101. 15
107. 42
108. 05
123. 32
98. 25
65. 36
101 10
107 90
108 84
125 55
99. 63
63.81
101.34
107. 90
109. 52
126.05
101.19
63.98
102. 96
107. 62
111. 19
127. 68
104. 58
65.88
103 58
107. 34
110. 81
129 44
101. 84
65.84
103 82 104 49 r!03 98
108.29 r!09 62 r l()7 44
110. 12 110 81 '110 68
126 35 r!31 00 r!26 88
101. 02 "101.76 '101.02
65.53 ' 64. 36 r 62. 80
do
do
do__
do
105.44
111.19
110.76
103.32
107. 18
113.44
111.34
105. 75
111 19
117.88
117.18
107. 95
109. 88
115.64
116.94
106. 75
109 89
118. 30
117. 62
107. 17
108
116
117
106.
110
117
116
108.
30
59
94
52
110.84
118.29
117. 69
108. 52
110
118
116
109.
70
01
1*?
20
109 61
119 28
108.15
108. 52
111.10
118.86
115. 69
107. 74
110 02
116 88
10^30
110.83
111
116
113
109.
90 119 88
00 rl!8 1°
69
15 •"113
r
56 110. 99
111 51
115 75
114 08
108.94
do
___do
_.do
do
112. 67
103. 72
114.77
118.11
117. 71
108. 83
1 18. 48
123. 08
123. 00
112.98
127. 08
127, 97
118.26
110.05
117.00
124.20
114.82
106. 13
111.33
121. 80
111.22
102. 08
104. 72
119 34
113. 37
106. 30
109. 16
119 37
118.05
109. 55
114. 36
123. 90
120 01
112. 10
116 33
126 34
123. 44
114.14
124.07
129 46
121. 45
111.91
122. 13
127. 72
195.57
115. 92
127 67
131 65
127. 26 r128 21
116.92 '117.81
130 50 r!99 38
132 38 r!34 23
127 16
117.44
198 05
lH'-5 16
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage-do
Telephone communication
_ - do...
Electric, ?as, and sanitarv services
do
94.82
104. 17
89. 50
108. 65
98.24
108. 16
93.38
112. 48
98. 24
111.67
96. 64
114. 95
100.02
111.04
96. 47
115.64
99. 33
111.72
96. 38
114. 80
100. 11
108. 79
95 89
115.77
99. 22
109. 47
96 14
114. 65
99. 30
110. 70
95. 89
115. 34
100.11
112.06
95 65
115. 46
100. 58
112.61
96. 14
115. 46
101. 48
114.39
97. 66
115.87
100.49
114.81
99 54
117. 14
101.01
115. 35
99 29
116.85
100. 20
115. 78
l()2 31
118.94
100. 14
113. 02
100 00
118. 20
70.98
91.13
62.37
72.94
93. 56
64.01
73.34
94. 60
64. 64
73. 34
95. 00
64.13
73. 32
95. 47
64. 73
73. 92
94 13
64.84
73.92
94 30
65. 22
74. 50
95. 18
65. 39
74 31
95 89
65 42
74.88
96 22
65. 98
75.86
96.87
66.85
76 44
97 10
67 38
76 44
96 87
67 55
76 05
7,5 46
97 O'i
66 55
67. 15
87.41
69.19
89. 83
70.12
90.35
70.31
90.58
70.87
91.72
71.24
92.19
71. 23
92. 60
71. 62
92. 62
71.62
93. 20
71.42
93. 25
71.80
93. 21
72. 56
94. 89
71.80
94.35
r
71. 97
r 93. 76
72 74
93. 7S
43. 89
48. 11
45. 54
49.28
47.08
50.05
46.41
49. 66
46. 80
49. 54
46.29
48. 89
46. 41
48. 64
46. 53
49. 41
46. 29
50. 83
46.77
51.87
47. 64
51. 35
45. 94
50. 70
45. 89
50.83
r 46. 05
' 50. 83
4(5. S3
50. S3
2.26
2.20
2.43
2. 36
2.32
2.25
2.49
2.42
2.34
2.26
2 51
2.43
2. 36
2. 28
2 54
2. 45
2.38
2. 30
2 55
2.46
2.39
2.31
9 55
2.48
2. 38
2.31
2. 38
2.31
2 56
2.48
2. 39
2.31
9 56
2.48
2.39
2.31
2 56
2.47
2.39
2.31
2.56
2.47
2.39
2.31
2 5(3
2.47
2.37
2.29
2 54
2.46
2. 40
2.31
2 57
2.40
2. 32
2.41
2. 33
2.48
2. 49
2. 4<J
Ordnance and accessories
-do
Lumber and wood products
do_
Furniture and futures
do
Stone, clay and
glass
products
._
_
do.
Primary meta 1 industries
do
Blast furnaces, steel and rolling mills.do
2.67
1.89
1.88
2.29
2.81
3.08
2.78
1.95
1.91
2.34
2.91
3.20
2.80
2.01
1.94
2.37
2 96
3.26
2.81
1.99
1 94
2.37
2 97
3.28
2.81
1.97
1.95
2.37
2 98
3.29
2.81
1 97
1 94
2 39
3 01
3.32
2.82
1.93
1 94
2 38
3 01
3.33
2.84
1 97
1 94
9 40
3 01
3.32
2. 83
1 97
1 94
2 40
2 97
3.27
2.83
1.99
1.95
2.42
2.97
3.28
2.83
1 99
1 94
2 4^
2 96
3.28
2.82
2 00
1 95
9 43
2 95
3.26
' 2. 84 '• 2. 84
2 01
1 99
1 96
1 96
2 44 r 9 43
r 2 97 r ') 96
3.28
3. 28
2.84
1 9S
1 96
9 43
Fabricated metal products
Machinerv
Electrical enuipment and supplies
Transportation equipment 9 - .
Motor vehicles and equipment
\ircraft and parts
Instruments and related products
Miscellaneous mfg. industries
do
do
do
do
do
do
do
do
2.44
2.55
2.28
2.74
2.81
2.70
2.32
1.89
2.49
2.62
2.35
2.81
2.87
2.78
2.39
1.92
2 50
2.64
2.36
2.84
2. 88
2 82
2.40
1.91
2 54
2.67
2 38
2.91
3.00
2 84
2 42
1.96
2 54
2 67
2 38
2 88
2.94
9 84
9 43
1 97
9 53
2 69
2 38
2 86
2.91
2 83
2 43
1 97
9 54
2 5(5
2 71
2 40
2 89
2.97
9 84
2 44
1 97
2 56
2.71
2.40
2.89
2.95
2 85
2.45
1.97
9
2 70
9 40
9 87
2.94
9 g4
9 44
1 97
do
do
do
do
do_
do
do
2.05
1.99
2.11
1.70
1.61
1.59
2.26
2.11
2.05
2.18
1.77
1.63
1.63
2.34
2 13
2 06
2 17
1.70
1.64
1.68
2.37
2 52
2. 65
2.37
2.90
2.98
2 83
2 41
1.92
•) 14
2 06
2 19
1 81
1.65
1 67
2.37
2.82
1 94
1 93
9 37
3 01
3.33
9 53
2 68
2 38
2 86
2.91
9 83
2 44
1 98
2 15
2 08
2 22
1 82
1.65
1 67
2.37
9 16
2 16
9 16
2 09
2 25
1 81
1 65
1 67
2 38
2 15
2 08
9 25
1 84
1 65
1 67
2 37
9 Q9
2
9
1
1
1
9
9 17
2 09
9 25
1 97
1 69
1 66
2 39
2 17
2 10
2 25
1 98
do
do
do
do
do _ _ .
do_
2.67
2.50
2.89
3.02
2.33
1.64
2.75
2.58
3.02
3.16
2.40
1.68
2.76
2 61
3.02
3.17
2.42
1.71
2 77
2 62
3.04
3.19
2.43
1 71
2 79
2 62
3.03
3.17
2.46
1 71
2 78
2 64
3.08
3 21
2 44
1 71
2 80
2 62
3.03
3 16
2 42
1 71
2 79
2 61
3.03
3 15
2 42
1 72
9 81
9 gi
2 81
3.04
3 17
9 43
1 79
3.03
3 17
2 45
1 72
2 81
2 66
3.04
3.18
2.49
1 72
9 67
3.06
3 21
2 49
1 71
2.61
2.66
3.12
2.46
3.07
2.93
2.82
3.29
2.64
2.74
3.11
2.53
3.19
3.04
2.94
3.40
2.66
2 80
3 10
2.54
3.22
3.07
2.99
3.44
2 68
2 80
3 11
2.56
3.24
3.10
3 00
3. 45
2 70
2 81
3 12
2.57
3.29
3.14
3 05
3.49
2 73
2 83
3 13
2.60
3.33
3 18
3 08
3.51
2 71
2 82
3 11
2.59
3.23
3 09
2 85
3! 47
2 71
9 83
3 13
2.59
3.27
3 13
2 91
3.49
9 70
9 83
3 13
2.60
3.27
3 14
2 69
2 83
3 11
2.59
3.23
3.10
2 95
3.48
9 69
2 83
3.49
2 68
2 84
3 09
2.59
3.24
3 11
2 94
3^48
2.20
2.51
2.26
2.65
2.29
2.60
2 37
2.75
2.29
2.64
2 41
2.79
2.31
2.65
9 43
2. 80
2.31
2.66
2 44
2.80
2.35
2.66
2 44
2.81
2.34
2.67
2 44
2.81
2.32
2.70
2 44
2.82
2. 35
2.72
2.35
2.72
2.83
1.82
2.25
1.62
1.88
2.31
1.68
1.90
2 33
1 71
1.91
2 34
1 71
1.88
2 34
1 69
1.92
2 33
1 72
1.92
2 34
1 73
1.93
2 35
1 73
1.93
1.10
1.24
1.15
1.27
1.18
1.28
1.19
1.28
1.20
1.28
1.19
1.29
1.19
1.28
"Paper
and allied products
do
Prin f in°" publishing, and allied ind
do.
Chemicals and allied products
_
do
Petroleum refining and related ind
do
Rubber and misc. plastic product?
do
Leather and leather products.
...do
Nonmanufacturing establishments:!
Mining 9
Metal mining
Coal mining
- Crude petroleum and natural gas
Contract construction
General buildine contractors
TTcavv construction
Special trade contractors
Wholesale and retail trade
Wholesale trade
Retail trade§
do
do..
do
Finance, insurance, and real estate:
Banking..
do
Insurance carriers
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants, .do
Average hourly gross earnings per worker on payrolls of nonagriciiltura.1 establishments:!
All manufacturing establishments!.. _ .-.dollnrs..
Excluding overtimed"
do
Excluding overtimed 1
Nondurable goods industries
Excluding overtimed1
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and related products
Paper and allied products
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products
..
Nonmanufacturing establishments:!
Mining9
Metal mining
Coal mining
.
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction
Special trade contractors
do
do
do_
do
..do
__do
do
do
...do
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage. do
Telephone communication
do
Electric, gas and sanitary services
do
Wholesale and retail trade
do
Wholesale trade
do.
Retail trade §
_.
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do..,.
Laundries, cleaning and dyeing plants, .do
r
Revised.
* Preliminary.
{See corresponding note, bottom p. S-13.
§Except
and drinking places.
Digitized
foreating
FRASER
9 Includes data for industries not shown separately.
http://fraser.stlouisfed.org/
^Derived by assuming that overtime hours are paid
Federal Reserve Bank of St. Louis
at the rate of time and one-half.
93
88
38
60
9 55
2.47
9 95
1 91
1 68
1 68
2 38
09
25
95
68
67
39
9 96
2 44
9 3fi
1 74
1.69
1 66
2.40
K.Z
9 70
9 40
9 91
2.98
2 86
9 44
1 96
9 17
910
9^
2
1
1
1
9
97
f8
66
42
T
r
86 80
85 89
92. 80 T 91 17
70 72 r 67 60
67 54
68 45
61.32 r 59 95
r 98 09
r (}(} 88
9 ^^
9 70
2 40
2 90
2.97
2 87
9 44
1 95
9 16
9 OQ
9 22
1 80
1 68
I fik
9 42
2
r
r 9
9
r 9
r l
9 *V7
^7
2 71
2 49
9 95
3.04
2 88
2 46
1 96
17
1O
99
7Q
9 42
r 2 97
86
92
71
68
60
79
80
3(>
78
6 l>
103 2S
108 11
110 9 r >
126 99
100. 7S
64. 36
9 07
O £"*
2 72
9 4'i
9 QQ
3.05
O Q9
r 9 AZ.
1 97
r
1 72
9 4K
1
Q'i
9
1Q
1
8J.
1 68
r
i no
9 43
1 (\"~
^ 43
9 4*i
'3.07
3 22
'3.05
3 20
3.06
9 4"*
1 79
1 7'"5
9 47
1 7"?
2 69
2 85
9 ""2
r 9 Sfi
9 7H
9 £<:<
2.62
3.27
3 15
9 99
3.52
2.59
3.28
3 16
3 00
3.53
'2.63
"3.33
r 3 21
2. 60
3.32
3 20
3 03
3.57
3 fl9
3 57
2.37
2.74
2.36
2.74
2. 38
2.75
2 39
2.73
2.83
2.36
2.73
9 46
2.84
2.85
2.85
2.88
2.89
1.94
2 37
1 75
1.95
2 38
1 75
1.95
2 00
1.95
1.96
1.96
9 62
9 81
1 7^
2 82
9 66
3.03
3 17
2 47
r 9 47
3
9 84
10
1 7fi
1.20
1.19
1.19
1.19
1.16
1.15 '1. 19
1.21
1.30
1.28
1.30
1.29
1.30
1.29
1.30
1. 30
NOTE FOR HELP-WANTED ADVERTISING INDEX, p. S-16. New series;
from National Industrial Conference Board and B. K. Davis & Bro. Advertising Service.
The index is based on the number of help-wanted ads published in one leading newspaper in
each of 33 cities located throughout the country, representing the larger metropolitan areas.
SUKVEY OF CURRENT BUSINESS
s-16
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1961
Monthly
average
December
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
June
July
Aug.
2.933
4.316
2.941
4.321
2.957
4. 356
1.06
2 981
4. 395
2.665
2.719
May
Sept.
Oct.
Xov.
2.987
4.417
.95
2. 992
4. 423
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages (ENR):
Common labor
$ per hr _
Skilled labor
do
Farm without board or rm 1st of mo
do
Railroad wages (average, class I)
_ do _ _
Road-building com labor (qtrlv )
do
LABOR CONDITIONS
Help- wanted advertising seas adj ©
1957 — 100
Labor turnover in manufacturing estab.: f
Accession rate, totaL.mo. rate per 100 employees..
Seasonally adjusted*
do
New hires
- do
Separation rate total
do
Seasonally adjusted*
do
Quit
do
Layoff
do
Industrial disputes (strikes and lockouts) :
Beginning in month:
Work stoppages
_
_
number. _
Workers involved
thous
In effect during month:
"Work stoppages
number
Workers involved
thous
Man-days idle during month
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
N"onfarm placements
thous
Unemployment insurance programs:
Insured unemployment all programs
do
State programs:
Initial claims
do
Insured unemployment, weekly avg do
Percent of covered employment:^
Unadjusted
- Seasonally adjusted
Beneficiaries weekly average
thous _
Benefits paid
. _ _ mil. $ Federal employees, insured unemployment
thous__
2. 699
4.031
1.97
2.616
!2.09
2.827
4.190
i .99
2. 675
i 2. 14
2.871
4. 245
94.2
85 9
95.9
99 1
96 9
102 3
105 9
106 3
106 1
106 0
98 5
97 9
97 0
93 0
96 9
3.8
4.1
4.3
3.3
2.6
4.1
3.5
3.7
4.0
4.3
5.0
4.5
2.2
4.3
2.2
4.0
1.4
4.0
2 2
.9
2.6
3. 4
3. 9
1.1
1.7
41
1.6
2.4
3.6
3.7
1.3
1.6
3. 9
3.4
4. 1
2.2
3.9
3.9
1.1
2.1
2.0
1.2
2.2
1.9
4.0
3.9
1.1
2.2
1.5
1.6
3.8
4.3
1.5
1.6
4. 1
2.9
4 4
4 6
1 4
2.2
4.0
3.2
5 2
4 8
21
2 3
'r4 . 9
3. 8
'3.1
50
4 1
r
?3.6
p 3. 7
P2.3
1.3
2.4
2.7
4.1
3.6
1.4
2.0
4.3
2.8
5.1
278
110
281
121
324
226
257
86
142
37
265
160
225
67
260
98
320
125
440
195
410
155
350
90
335
120
1,600
568
275
2.480
501
160
460
155
1,040
330
100
808
350
136
1,500
366
86
855
400
185
1,360
1,180
1,240
625
240
2,650
650
300
2,880
575
189
2 040
Veterans' program (UCX):
Initial claims
do ...
Insured unemployment, weekly avg-.-do
Beneficiaries, weekly average
do ___
Benefits paid
"
.mil. $__
Railroad program:
Ypplications
thous. _
Insured unemployment weekly avg do
Benefits paid
- mil. $__
.93
2.674
2.877
4.253
2.877
4.253
2.681
2.700
2.25
2.878
4.257
1.11
2.678
2.15
2.889
4.273
2.897
4.283
2 729
2.678
2.901
4. 283
1.07
2. 688
2.25
3.6
3.8
1. 2
485
492
596
2 2, 4*1
2 1, 651
1,434
1,906
1.516
2. 290
4.8
5.6
1. 640
227 2
2,004
285.2
51
1,283
180. 9
51
1,334
190. 9
4 8
1,577
218.5
4 7
2, 055
314.9
4 5
2.127
287.2
4 4
2,073
310.2
39
1.688
239.6
38
1.389
215.0
33
33
28
29
31
36
36
34
29
29
54
52
28
67
65
24
47
46
22
47
44
20
49
46
24
52
51
49
49
26
49
47
25
45
45
465
425
511
511
448
1, 816
2 2, 174
1,219
1,502
1, 406
1, 662
1,658
2,017
1,974
2,486
1, 286
2,415
1.171
2,218
1,147
1.831
3.7
4.1
5.0
6.2
6.0
5.5
4.5
2
2
2, 659
2
2, 579
2
2, 374
577
2
1. 968
2.33
3.8
2.067
r 1.9
350
95
275
110
570
186
580
170
1 950
1 590
500
168
1,440
605
580
642
2 1 666
2 1 598
1,133
1,570
1.083
1,469
1 395
1.543
1 197
1, 469
3.9
3.6
4 0
1,311
188. 9
38
4 3
1,264
187.0
3 6
4 4
1.257
197.4
26
24
26
22
40
39
25
40
39
30
46
40
1,686
2
24
652
643
1 473
- 1, 524
956
1. 267
1 , 385
3.3
40
48
1. 174
160.6
3.4
4 6
1.132
176. 6
26
25
27
29
39
52
46
27
52
50
2
1. 331
A. 4
7.0
9.0
6.3
6.1
6.0
7.4
6.1
6.5
6.0
5.7
5.4
5.7
6.9
26
72
23
91
14
74
15
77
13.1
16.8
13.8
13
77
16
86
80
5
74
4
64
13.8
16.2
13.7
14.8
11.8
4
52
9.1
7
44
7.8
65
52
7.3
22
50
10.1
10.1
2,498
5.713
1,876
3, 837
2,392
5,640
1,883
3, 757
2,345
5,917
1,869
4,048
2,342
5,864
1,878
3, 936
2,306
6.169
2 002
4, 167
2,277
6. 575
2, 119
4, 456
2,281
6, 573
2 228
4 345
13.4
M.2
p3 7
p 1. 7
P2.2
1,577
656
2
2 981
4.408
6.5
32
65
2
1 772
1 625
31 """"57"
52
47
7.0
60
61
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances-.
mil. $._
Commercial and finance co. paper, totalj do
Placed through dealerst
do
Placed directly (finance paper) I
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total end of mo
mil $
Farm mortgage loans:
Federal land banks
.
do
Loans to cooperatives
do
Other loans and discounts
. - do
Bank debits:
Unadjusted:
Total (344 centers)
bil. $
New York City
do
6 other leading centers!do
Seasonally adjusted:*
Tot°J (344 centers)
do
New York City
do
6 other leading centers!
do
337 other centers
do
Federal Reserve banks, condition, end of mo.:
\ssets total 9
mil. $
Reserve bank credit outstanding, total 9 -do
Discounts and advances
do
U.S. Government securities
do
Gold certificate reserves
do
3
2, 027 3 2, 683
3 4. 497 3 4, 686
3 1,358 331,711
2, 975
s 3, 139
2, 555
5,349
1, 868
3.481
2,683
4,686
1,711
2. 975
2,621
5, 556
1 762
3.794
2,559
5, 520
1, 762
3. 758
3 5, 277
5,313
5, 252
5,277
5,320
5,411
5,502
5,594
5,678
5,770
5, 841
5, 833
5 814
5 762
3 2, 564
2,800
679
1,834
2, 812
1, 875
2,922
719
1, 953
2,948
694
2,037
2, 968
1,757
2,868
730
1,812
2, 899
1,745
2,828
697
1,752
2, 848
1, 582
3 2, 828
3697
3 1, 752
2,109
2.986
704
2.150
3,003
680
2,150
3,021
690
2,103
3, 031
738
1,993
236. 6
91.9
48.1
259. 3
106. 6
51.9
274. 7
113.7
54.3
272. 6
112. 5
54.2
286. 6
120. 3
57. 5
294.6
118.1
61.5
239.5
94.3
49.0
293.2
124. 7
59.7
281.5
117.2
58.0
295.5
122. 1
59.8
291.8
121.9
59.4
279.7
111.4
57.5
281 1
110.8
57.5
263 3
109.7
53.4
308 7
127 5
64. 1
272. 4
113.6
54.0
104.7
273.8
115. 2
54.4
104. 2
273.7
114.0
55.0
104.8
277 8
110.3
58 2
109.3
263.0
103. 3
54.4
105.4
283.5
118. 1
57. 5
107.9
288.5
118.1
59. 1
111.3
287.1
119.1
57.6
110.3
282.4
115.7
57.9
108.8
285 7
114. 4
59 0
112.3
283
115
57
110
286
120
58
107
299
124
62
112
54, 329
52. 087
52. 933
54, 329
52,311
52, 547
51.932
52.739
52, 654
53, 396
52, 908
59 879
53 596
53 91 9
53 c)40
329,359 331,362
333 3 s 130
28, 881
327,384
3
17.479 3 16, 615
29. 548
59
28, 268
17, 028
30, 656
39
29, 210
16. 710
31, 362
130
28,88!
16,615
29,612
129
28, 532
16, 542
29, 928
139
28, 360
16, 530
30. 224
115
29. 061
16, 336
30. 641
120
29. 182
16,' 222
30, 705
131
29, 622
16,158
31,261
76
29, 663
16. 158
31 . 040
73
29. 786
15'. 87]
31,618
101
30, 358
15 817
31, 690
48
29. S25
15 790
31, 625
•>}q
30, 201
15 69-)
32. 448
7]
30. 454
15 706
52, 087
52, 933
54, 329
52,311
52. 547
51.932
52. 739
52, 654
53. 396
5° °08
"2 870
53 "90
53 9 19
r
J8. 194
16 8X8
28, 229
IS, 130
17 9(!0
28, 814
18. 45]
17 3s7
29, 305
17. 749
it; 87'?
2S, 530
] 7. 850
16 S()8
28. 483
17,952
16 972
28. 474
18.207
17 035
28, 537
17,739
16 614
28, 744
18,445
1 7 900
29. 021
17. 87S
16 88^
29. 197
17 no
]8 067
29. 351
18 208
]7 Q01
29 378
17 8° 5
16 891
29, 488
17 741
1 0 6f 8
30. 092
35. 7
35. 7
35.2
34.7
34. 8
34.0
33. 4
33. 2
33. 2
32. S
3
3649
352,984
3
3
3
Deposits total 9
do
3
3 8, 336 3 18. 451
3
3
1 7 08 1 1 7 387
Federal Reserve notes in circulation
do
828,450 "29,305
52. 984
54. 329
695
Ratio of gold certificate reserves to deposit and
3
35. 6
36. 7
34. 8
34.8
FR note liabilities combined
percent. _ 3 37. 4
p
!
• Revised.
Preliminary.
Quarterly average.
2 Excludes persons under Temporary Extended Compensation program (ended 0/30/02)
•and under extended duration provisions (thous.): 1961—Oct.. 305 and 2, respectively: Nov.,
355; 1; Dec., 357; 1; 1962—Jan., 354; 2; Feb., 333; 2; Mar., 322; 0: Apr., 230;
]8; May| 121; 33;
3
June, 53; 37; July, 2; 32; Aug. (ext. dur. prov.), 30; Sept., 24; Oct., 15.
End of year.
@ See note, bottom p. S-15.
t See co-responding note, bottom p. S-13.
2, 367
6, 970
2 417
4 553
3 4, 795
do
Liabilities total 9
2,491
5, 119
1.818
3,301
716
728
692
9
8
4
7
6
9
1
6
1
5
3
4
)3 1 M()
*New series. Data prior to 1961 for labor turnover appear in BLS Bulletin No. 1312
data prior to 1961 for bank debits will be shown later.
cf Insured unemployment as % of average covered employment in a 12-month period
^Monthly revisions prior to May 1961 (Aug. 1959-July 1960 for placed through dealerare available upon request.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
Doc-ember 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
End of year
S-17
Nov.
Oct.
1962
Dec.
Feb.
Jan.
Mar.
Apr.
May
Juno
•7 oly
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
i 756
Excess reserves
mil, $
187
Borrowings from Federal Reserve banks
do
1669
Free reserves ..
._ _ _ d o
^\>ekly reporting member banks of Fed. Res. System,
condition, Wed. nearest end of yr. or mo.:f
Deposits:
Demand ad justed cf
mil. $
93,215
Demand, total?
do
Individuals, partnerships, and corp
do
~~4~747~
States and political subdivisions
do
3,979
U.S. Government
_
do
Domestic commercial banks
do
35, 386
Time, total 9
_
do
Individuals, partnerships, and corp.:
Other time
do
Loans (adjusted), totald"
do
Commercial and industrial
do
For purchasing or carrying securities
do
To nonbank financial institutions
do
Real estate loans __ __
__do_
Other loans
do
Investments, total
__ _ d o _
U.S. Government obligations, total
do
Notes and bonds
do
Other securities
do
i 568
i 149
i 419
507
65
442
622
105
517
568
149
419
65, 644
97, 958
70.118
5.002
4,033
13,415
41, 603
63, 423
92, 658
66, 407
5,027
4,071
12.008
41,209
63, 906
91, 216
66, 183
4, 894
3, 414
11,820
41, 188
30 225
5,945
71, 009 74, 285
32, 156 32, 797
3,945
4,705
6,159
~12~824~ 13, 403
21 194
40, 754 46, 069
30, 547 33, 960
24, 944 26, 609
10, 207 12, 109
29, 621
6,406
71,843
32, 085
4, 535
5, 358
13, 245
19 622
45, 624
34, 087
26, 833
11,537
207. 1
118.6
65 3
23.2
Commercial bank credit (last Wed. of mo., except
for Tune 30 and Dec 31 call dates) sens adjusted'*
Total loans and investments© - _ _
- _bil. $
LoansO
_
_ _ _
_. _
do
\r S Government securities
do
Other securities. _
_
do
194.5
114.2
59 6
20.7
209.6
121. 1
64 7
23.8
Money and interest rates :§
Bank rates on business loans:
In 19 cities
New York City
__
..
7 other northern and eastern cities
11 southern and western cities
25.16
M.97
2
5. 15
2
5.45
2 4. 97
2 4. 76
2 4. 98
2
5. 28
percent
do
do
do
Discount rate, end of year or month (N.Y.F.R.
Bank)
percent
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days).._do
Commercial paper (prime. 4-6 months),. do
Finance Co. paper placed directly, 3-6 mo..do
Stock Exchange call loans, going rate
do
3
3
60, 638
87, 901
62, 583
4,622
4,917
10 920
47, 729
60,744 r 63, 025
92,845 ^94,512
64,085 '66,996
4, 631
5, 017
4,283
7, 022
12,121 r 12, 030
48,225 48. 658
63, 007
91, 839
65,916
4, 938
3, 634
12. 030
49, 023
46, 582
31. 638
25, 980
14 944
33 404
g' 428
75 975
33 442
3 604
6, 104
14 696
21 894
46 093
3l! 075
25. 274
15 018
246
33 921 r34
8 '566 r 8 688
r
77 726 78 765
34 081 r 34 290
4 764
4 145
6, 279 r 6, 144
r
14,940
15,
203
21 893 r 21 981
47 171 46 768
31,995 31,432
r
25, 583 25,317
15 176 15 336
34 459
8 590
78, 861
34, 669
4, 158
6, 099
15, 407
21 77H
46,611
31. 124
24, 994
15,487
217. 8
99() 3
510
69
441
497
63
434
471
100
371
532
89
443
563
127
436
65, 644
97, 958
70.118
5, 002
4,033
13 415
41,603
64, 362 63, 104
91,853 91,871
67, 140 66, 501
5. 234
5, 206
3, 316
3, 220
11,175 11,167
42, 863 43, 906
62, 229
89, 015
63, 936
4, 848
4,277
10, 844
45,055
63,071
93, 061
65, 458
5,771
4,744
11, 297
45, 670
61,621
89, 297
63. 705
5, 404
5, 028
10 357
46 484
61,472
91,391
64, 022
4,829
6,594
10,672
47, 077
62, 451
91, 527
65, 116
5,i29
4. 369
11,301
47, 242
29 771
6 190
71, 670
32, 109
4 004
5,375
13, 347
19 706
45, 649
33, 932
26, 888
11,717
30 225
5 945
74 285
32,797
4 705
6,159
13, 403
21 194
46, 069
33, 960
26, 609
12 109
30 640
6 553
71 878
31.992
3 804
5.516
13.420
20 696
46, 653
34, 475
26, 820
12 178
31,073
7, 067
72. 886
32, 204
4,478
5. 575
13,497
20 573
46, 042
33, 510
25, 645
12,532
31,621
7,627
74, 030
33, 014
4,519
5, 624
13, 620
20 783
45, 508
32,214
25, 226
13, 294
31 757
7 879
75 930
39, 937
5 449
5, 760
13, 874
32 514
8 536
75 902
33, 354
3 958
6,039
14,268
21 543
46, 904
32,418
26, 206
14 486
33 114
8 251
75 732
33 146
3 6"4
6. 259
14.525
91 754
45, 979
32, 069
25, 895
13' 910
32 094
8 344
74 647
32 854
4 109
5, 636
14 068
21 390
46 013
32, 256
26, 173
13 757
208. 3
119.4
65 3
23. 6
209
121
64
23
213. 3
122.6
66 1
24.6
215.2
123.8
66 1
25.3
215.
124
64
25
216
124
65
26
220. 3
126. 6
66 6
4
4
4
5
210.
120
65
24
7
8
7
2
9] 400
0
5
6
9
4
8
5
1
64 1
27 6
197 3
65 0
28 0
222
129
64
28
4
4
5
5
5 01
4.79
5 00
5. 33
4.98
4.78
4.97
5.28
9c
77
96
24
r>6 i
458
80
378
0
7
3
0
?24.
131
64
9
S
4
7
1
6
(}q
77
00
32
3.00
3.98
5.60
3.00
4.00
5.60
3 00
3.98
5.60
3.00
3. 94
5.60
3.00
3.99
5.60
3.00
3. 99
5.60
3 00
4. 02
5.60
3 00
4 01
5 60
3. 00
4.02
5.60
3 00
4 05
5. 60
3 00
4 07
5 60
3 00
4 10
5. 60
3 00
4 14
5 60
3.00
2. 81
« 2. 97
2. 68
3 4. 50
2.75
3.00
2.79
4.50
2.75
2.98
2.74
4.50
2.87
3.19
2.93
4.50
3.00
3.26
3. 05
4.50
3.00
3.22
3. 00
4.50
3.00
3.25
3.02
4. 50
3.00
3.20
3. 09
4. 50
2.91
3.16
2.95
4.50
2.90
3.25
3.02
4. 50
3. 07
3. 36
3. 20
4.50
3.11
3. 30
3. 12
4.50
3.09
3.34
3.13
4. 50
3.03
3. 27
3. 04
4. 50
3.00
3. 23
3.08
4. 50
2, 378
3 3. (')()
2. 350
3.64
2. 458
3. 68
2.617
3 82
2. 746
3.84
2.752
3.77
2.719
3.55
2. 735
3 48
2. 694
3 53
2.719
3 51
2. 945
3 71
2. 837
3 57
2. 792
3 5f,
2. 751
3 4(;
2. 803
3 46
22, 357
651
21,982
666
22. 066
658
22, 357
651
22,350
642
22, 420
629
22,701
620
2° 570
600
22, 659
591
22, 931
581
22. 972
573
93 087
565
23, 376
558
23 440
559
545
57, 139
56, 278
55, 592
55, 680
56, 650
57 593
58, 277
58 521
59 146
59 936
59 744
44. 559
44 967
45 514
45 691
46 029
18 530
1 1 (',48
3 216
18
11
3
19
467
698
933
993
18,657
1 1 831
3 245
'-{() q~4
] 8, 020
11 53S
40 948
18. 188
11 604
3 %q
1,.592
3 974
1,582
3
3
3
3 3. 51
3. 85
3. 54
4.99
3
3
3
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of vr. or mo-.mil. $.. 21,400
770
U.S. postal savings f
do
CONSUMER CREDIT t
(Short- and Intermediate- term)
Total outstanding, end of year or month
mil. $ _ _ 55, 757
586
119
467
470
91
379
3.00
4. 00
5. 64
3.00
5. 05
6. 00
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.. 3 2. 928
s 3. 99
3-5 year issues
do
484
65
419
502
68
434
6
1
7
8
616
70
546
3
3
57, 139
54, 902
55, 451
do ._
42, 588
43,163
42, 181
42, 419
43,163
42, 846
42, 632
42, 704
43 285
43 393
do __
_do _ _ .
do
do
17,444
11,525
3, 139
10, 480
16, 960
11,771
3,177
11,255
16, 913
11,085
3, 183
11,000
16, 960
11,215
3,192
11, 052
16, 960
11,771
3 177
11 255
16, 878
11,605
3,131
11, 232
16,900
11,380
3, 099
11,253
17, 039
11,256
3, 084
11 3°f>
17,343
11 333
3 094
11 515
17 683
11 423
3 131
1 1 656
18,033
11.555
3 156
11 815
18,291
11 570
3 18°
11 O94
36, 974
do
16,672
do
11,228
do _
3 923
do
3,670
do
d o _ _ _ . 1,481
37, 580
16,843
11,052
4 352
3, 798
1,535
37, 191
16, 877
10, 866
4 269
3,671
1,508
37. 240
16, 836
10,878
4 317
3,681
1,525
37 580
16,843
11 052
4 '-552
3 798
1, 535
37, 551
16, 759
11, 190
4 306
3,782
1, 514
37, 469
16, 726
11, 133
4 311
3, 783
1, 516
37 509
16,779
11,049
4 355
3,795
1,531
37 905
1 7, 042
11 121
4 449
3 826
1,527
38 453
17,316
11 i qq
4 543
3 836
1, 559
39 010
17,619
11 &>5
4 640
3, 876
1,559
39 496 3Q 894
17,815 18,005
11 435 IT 543
4 70 1
3 907
3 948
1,564
1, 590
_do
do
do
__ do _ _ .
do
5, 615
2,414
1,107
359
1,735
5, 583
2,421
1 080
359
1,723
4, 990
2, 097
1,014
359
1,520
5, 179
2,213
1 034
360
1 572
5 583
2,421
1 080
359
1 723
5,295
2,212
1 057
359
1 667
5, 163
2, 167
1 039
358
1 599
5,195
2, 227
1 018
356
1 594
5 320
2, 339
1 Oil
351
1 619
5 440
2, 430
1 Oil
345
1 654
5 549
2, 522
1 ' 008
336
1 683
5 541
2, 51 7
1 009
'-(97
1 f>88
5 620
2, 581
1 019
317
1 703
5 (](;7
2,' 647
1 018
308
1 694
5 781
2, 710
1 0"
2(19
1 750
do
13,169
13 976
12, 721
13 032
13 976
13 432
I9 960
12 976
13 365
13 700
13 718
13 554
13 632
13 615
13 715
do
do
do
4, 507
3,884
623
4, 955
4, 224
731
4,778
4, 125
653
4,880
4, 158
722
4 955
4, 224
731
4 906
4, 203
703
4 931
4,220
711
5 056
4,279
777
5 111
4^390
721
5 238
4,421
817
5 227
4, 439
788
5 903
4, 430
773
5 974
4, 425
849
5 988
4, 434
854
5 245
4, 430
815
do
do
do
5, 329
941
3, 952
436
5, 438
948
4, 027
4,517
656
3,382
4, 684
717
3, 498
5, 438
948
4, 027
4, 892
804
3, 61 4
4, 294
635
3,188
4, 191
594
3, 139
4, 451
6°0
3, 367
464
4 683
636
3, 571
476
4, 739
61°
3, 635
4, 607
569
3, 518
4 638
5~0
3. 521
547
4 693
614
3, 4(57
542
4, 805
638
3. 033
534
do ..
3,333
3,583
3,426
3,468
3, 583
' Revised.
i Average for Dec.
2 Quarterly average.
s Monthly average.
t Revised to reflect new coverage and revised classification of deposits (for details, see the
June and July 1961 issues of Federal Reserve Bulletin}.
cfFor demand deposits, the term "adjusted" denotes demand deposits other than domestic commercial interbank and U.S. Government, less cash items in process of collection;
Digitized
forexclusive
FRASER
for loans,
of loans to domestic commercial banks arid after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
http://fraser.stlouisfed.org/
3, 634
3, 735
3,729
3.803
3,779
3, 752
3.744
3.720
3. 704
3. 665
Installment credit, total
...
Automobile paper.
...
___ _
Other consumer eoods paper _ _ _ _ _ _
Repair and modernization loans
Personal loans
By type of holder:
Financial institutions, total
Commercial banks
Sales finance companies
Credit unions
Consumer finance companies
Other
Betail outlets, total
Department stores
Furniture stores
,
Automobile dealers
Other
Noninstallment credit, total
__
Single-payment loans, total
Commercial banks.
Other financial institutions
Charge accounts, total
Department stores
Other retail outlets
__.
Service credit
Federal Reserve Bank of St. Louis
_
A(\0
19 19Q
1') 9%
9 Includes data not shown separately.
* New series; description ami d a t a prior to
Sept. 1961 appear in the July 1962 Federal Reserve Bulletin.
0 Adjusted to exclude interbank loans.
§ For bond yields, see p. S-20.
TData are as of end of consecutive 4-week periods ending in month indicated, except
June figure winch is as of June 30 (end of fiscal year).
t Revised to incorporate new benchmark data; revisions back to July 1955 appear*in the Dec. 1961 Federal Reserve Bulletin.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
December 11 Mil*
Xov.
Oct.
1962
Dec.
Jan.
Feb.
Mar.
Apr. | May ! Jun*
Jnly
Aug.
^ept.
Oct.
Xov.
FINANCE—Continued
j
j
CONSUMER CREDITt— Continued
Installment credit extended and repaid:
Unadjusted:
Extended total
\ utomobile paper
Other consumer goods paper
All other
Repaid, total
Automobile
paper
Othe r consumer goods paper
All other
Adjusted:
Extended total
\utomoblle paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
1
mil. $._
do
do
-do
do
do
do
do
4, 109
,451
, 206
, 453
•S.813
, 348
,131
. 334
4, 244
,452
, 300
, 492
4,102
,441
,221
, 440
4,275
] , 402
1.327
1 , f>46
4, 037
1 , 355
1.197
1.485
4, 754
1,289
1,750
1,715
4, 010
1,289
1.194
1,527
3, 756
1,320
1 , 039
1,397
4,073
1.402
1.205
1. 466
3, 566
1,284
972
1,310
3, 780
1,262
1,197
1,321
4, 301
1 , 574
1,161
1,566
4,229
1, 435
1,285
1,509
4, f>58
1.688
1,287
1,683
4.077
1,384
1,210
1,483
4. S5S
1,787
1,346
1.725
4. 250
1,447
1,256
1,547
4.S30
1,755
1 . 358
1. 717
4.104
1 , 405
1 296
1,533
4. 641
1,709
1.249
1.683
4. 233
1.451
1,234
1.548
4, 792
1, 68G
1,331
1,775
4,245
1, 447
1, 253
1,545
4, 040
1 °5f)
4,209
1,405
1.254
1 , 550
4,028
1,372
1 , 210
1,440
4, 317
1.511
1 , 249
1,557
4.017
1.359
1,188
1,470
4, 315
1,471
1,316
1,528
4, 051
1,361
1,233
1 , 457
4,194
1,474
1, 185
1,535
3,979
1,380
1,147
1. 452
4.302
1, 496
,281
, 525
, 066
,369
, 253
,444
4, 303
1 , .526
1 . 257
1,580
4,094
1 , 393
1.226
1.475
4, 625
1,606
1 382
1,637
4.108
1,403
1,217
1,488
4, 593
1.604
1 312
1,677
4 180
1,418
1 234
1 528
4 477
1 , 536
1 308
1,633
4 159
1 402
1 230
1 527
4 580
1.6019
1 S3
1 647
4 239
1 9430
1 71
1 538
4
1
1
1
4
1
1
1
580
578
395
677
194
417
257
520
4 397
1, 429
1 30°
1*666
4 23'?
1, 403
1 97fi
1 553
8,] 61 3.872
8,728
9, 385
—567 -5, 512
8, 554
9,218
-663
8,868
5,968
8, 576
8, 726
292 -2.758
9, 567
8,967
600
10,685
7, 060
8. 263
9. 074
2.422 -2.014
10, 850
9,160
1,690
10, 328
10,577
-249
11,140
8, 639
2,501
3, 999
1,315
1,207
1,477
3, 951
1,355
1,186
1,410
do
do
do
do
do
do
do
1,246
1, 538
3,933
1,319
1,190
1,418
4. 840
1, 765
1.421
1 . 054
4. 432
1.575
283
1 , 569
4 fv>4
3° 3
' 660
917
451
949
524
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public :d"*
Receipts from
. mil. $__
Payment^ to
do
Excess of receipts, or payments (— )
do
Seasonally adjusted quarterly totals:
Receipts ._
do
Excess of receipts, or payments (— )
Budget receipts and expenditures:
Receipts total
Receipts netf
Customs
Individual income taxes
Corporation income taxes
Employment taxes
Other internal revenue and receipt^
Expenditures total^I
Interest on public debt
Veterans' services and benefits
National defense
All other expenditures
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total..
8.191
7, 891
299
25, 300
26, 900
-1,600
do
8, 333
6,513
88
3,933
1,766
1,039
1,508
7,039
739
445
4,013
1,895
24. 600
27 800
-3,200
3,811
3,141
105
1, 614
408
241
1,443
7,796
713
438
4, 067
2,587
8,007
6,424
106
4,891
377
1,266
1,368
7,485
740
437
4, 253
2, 055
8, 980
7, 967
88
3. 363
3,322
505
1,701
7, 160
781
471
4,258
1,836
5, 959
5, 357
100
3,570
466
353
1,470
7,395
803
471
4,316
1,890
2
bil. $_. 290.22 2 296. 17 295. 66
2 292. 69 292. 71
2286.82
Interest bearing, total
do
2
242. 47 2 249. 17 248. 82
Public issues
do
2
2 10. 89
11.01
10.
64
Held by U S Govt investment accts do
43.89
2 44. 35 2 43. 52
Special issues
do
2
23.48
2.95
3.
40
Noninterest bearing
do
Guaranteed obligations not owned by U.S. Treas2.33
.30
3.16
ury, end of month.
bil $
U.S. savings bonds:
47.95
2 47. 53 2 47. 79
Amount outstanding, end of month.
do
.38
.37
.36
Sales, series E and H.
do
.47
.41
.56
Redemptions _
do
297. 01
296. 17
293. 60
249. 39
11.08
44.22
3.41
292. 69
249.17
10.89
43.52
3.48
do
do
do
do
do_ -do
do
do
do __
do
do __
do
8, 333
6. 626
91
3, 838
1, 891
1, 008
1,506
6,464
773
429
3, 808
1,510
13. 042
4, 567
9, 503
9, 314
3,539 -4, 747
26, 800
°6 800
0
9 77*^
6, 729
•85
5,910
400
2,080
1,298
6,858
755
449
4,094
1, 575
12, 354
9. 104
104
3. 728
5,879
1,188
1. 456
7.749
733
1449
* 4, 597
i 1,972
296. 51
296. 98
296. 09
296. 95
299. 17
293. 11
250. 81
11.32
42.30
3.40
293. 55
250. 80
11.27
42.75
3.43
292. 48
249. 68
11.50
42.81
3.60
293. 36
251.24
11.47
42.12
3.59
295. 52
251.23
11.46
44.29
3.66
8,153
5, 754
99
5, 348
445
745
1.516
7,289
777
438
4,315
1,766
'27,700
r
28 000
-300
4,540
3, 566
103
1.497
525
450
1,965
7,252
828
442
3.954
2,107
9, 445
7,089
107
5,467
431
1,786
1,654
8,541
794
492
4,448
2,852
298. 20
297. 88
301. 84
299. 50
302. 07
305. 39
294. 44
249. 50
11.36
44.94
3.76
293. 92
250. 12
11.58
43.80
3.96
297. 90
252. 48
11.47
45.43
3.94
295. 57
251. 01
11.71
44.56
3.93
298 14
254. 26
301.38
257. 22
43.89
3 92
44. 10
4.01
10, 658 ' 13, 346
7,024 '11,615
100
104
6,243 ' 5, 010
469 r 5,377
1, 054
2, 266
1, 576 '1,806
f
8, 102
7,229
'821
775
433
'398
4,785 ' 5, 034
' 2, 061
1,241
11.414
4. 068
10, 053
3, 030
102
120
5, 072
1,391
3, 533
460
962
551
1,745
1,547
7,327
8. 524
807
814
401
440
' 4, 038 ' 4, 603
' 2, 081 ' 2, 679
.31
.33
.35
.37
.40
.41
.43
.44
.45
.47
.49
.49
. 50
48.03
.36
.38
47.79
.34
.71
47.78
.48
.62
47.81
.36
.44
47.81
.37
.48
47.81
.35
.46
47.81
.35
.46
47.82
.36
.48
47. 86
.36
.45
47.90
.36
.43
47.91
.30
.40
47.87
36
.51
47. 90
.33
.40
127. 31
127. 73
128. 11
128. 57
128. 93
129. 14
130.00
130. 60
131. 07
131.74
61. 66
6.31
3.96
16.23
3.65
27.23
61.85
6.34
3.96
16. 25
3.64
27.35
62.06
6.26
4.08
16.29
3.64
27.48
62.38
6.35
4.06
16.30
3.63
27.67
62.63
6.32
4.05
16.32
3.62
27.82
62.73
6.23
4.06
16.37
3.61
27.92
63 12
6.41
4.06
16.38
3.60
28.09
63 37
6.38
4.09
16 40
3.60
28. 29
63 55
6.34
4.10
16 40
3.59
28.46
63 8(5
6.37
4 08
16 41
3 58
28.61
4.82
2.11
2.64
44.38
41.21
3.97
5.77
1.28
5.43
4.86
2.12
2.67
44.49
41.30
3.99
5.79
1.28
5.46
4.89
2.12
2.69
44.64
41.42
3 99
5.83
1.20
5 49
4.93
2 13
2.71
44.75
41.52
4 01
5.88
1.21
5 41
4.97
2 14
2 74
44 95
41 68
4 02
5.93
1.22
5 22
4.95
2.17
2.70
45.14
41.86
4 04
5.98
1.20
5 10
4.99
2 18
2 73
45.34
42 03
4 10
6.04
1.26
5 15
5.02
2 19
2 74
45 58
42 25
4 11
6.08
1.24
5 91
5.07
2 20
2 78
45 76
42 41
4 11
6.11
1.27
5 20
5.11
2 °2
2 81
46 05
42 69
4 12
6.15
1.27
5 17
808.9
349.1
74.7
12.5
91 0
152.7
128 9
704.3
295.6
56.8
10.9
66 3
140 4
134 3
830.8
350. 1
62.9
11.1
72 0
156 9
177 8
714.1
300 4
57.6
11 6
66 7
141 5
136 3
777.
342
59
12
67
157
138
5
0
2
8
7
2
6
749.6
316 5
56. 3
12 1
68 °
142 7
153 8
733.
311
54
12
70
149
135
739. 2
318 8
54 6
12 5
61 7
142 9
148 7
754. 6
300 4
50 5
11 0
75 3
156 7
160 7
776.
316
63
13
66
146
169
6, 039
3, 905
1 645
489
5, 925
4 233
1 127
565
6,834
4 849
1 364
621
6 352
4 631
1 110
'611
6 757
4 791
1 341
" 625
6 704
4 666
1 463
57,5
6 222
4 528
l' 146
\548
6 273
4 505
1 214
5 957
4 116
1 9fiQ
' 5.54
572
6 993
4 891
1 484
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies 9
2
2
bil. $_. 119.58 126. 82 125.36 126. 01 126.82
Bonds (book value), domestic and foreign,
60.88
61.06
61.08
total
.
bil $ 2 58. 56 2 60. 93
6.44
6.40
6.14
26.43 26.13
U.S. Government
do
2
3.84
3.90
3.88
23.59 2 3.89
State, county, municipal (U.S.).
do _.
16.16
16.
22
16.18
16.
22
215.95
Public utility ( U S )
do
2
3.67
3.67
3.64 2 3. 58
3.66
Railroad (U.S.)
do
26.66
225.21 226.91
26.82
26.93
Industrial and miscellaneous (U.S.)
do
Stocks (book value), domestic and foreign, total
4.57
4.82
4.63
bil. $.. 224.98 22 6. 26
2. 03
2.09
2.10
2.12
1.79
Preferred ( U S )
do
2.41
24.14
2.46
23.12
2.62
Common (U.S.).
do
2
2
44. 20
43.63
43.87
44.25
41.77
Mortgage loans, total
do
40.49
40.71
2 38. 79 2 41. 03
41.08
Nonfarm.
do
3.97
23.76 2 4.01
3.99
4.01
Real estate
do
25.73
5.67
25.23
5.70
5.74
Policy loans and premium notes
do
2
1.34
1 38
1.33 21.39
1.39
Cash
do
5.29
23.94 24.29
5.36
5.55
Other assets
__
do
Payments to policyholders and beneficiaries in
734.2
723.1
711.3
967.5
U.S., total...
mil.$__ 676.5
298.4
286.7
292.7
278.8
320.7
Death benefits
do
62.3
59.6
60.8
56.1
70.0
Matured endowments
do
11.6
10.3
11.1
10.9
11.3
Disability payments
do
65.7
60.2
64.2
62.7
56.4
Annuity payments
do
151.7
149.4
136.1
140.7
Surrender values... _ . _
_
do
163.7
145.1
135.0
Policy dividends
do
151.6
143.5
345 4
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
6,570
6,898
Value, estimated total
mil. $_. 6,201
6,755
7,519
Ordinary
do
4,349
4,515
4,777
4,979
5,072
1,472
1,279
1.185
1.921
Group and wholesale
_ do
1.511
Industrial
do
573
583
610
591
526
' Revised.
p Preliminary.
1 Data beginning Mar. 1962 reflect revised classifications;
not comparable with earlier figures. 2 End of year; assets of life insurance companies are
annual statement values.
JS.ee similar footnote on p. S-17.
cf Other than borrowing.
*New series (compiled by U.S. Treasury Dept. and Bu. of
the
Budget).
4
6
5
0
9
0
4
r
5
6
4
4
7
6
8
ms
IData for net receipts and total expenditures reflect exclusion of certain interfund t r a n ;
actions.
5 Revisions for J a n . 1960-July 1961 will be shown later.
Jicceinbcr IfNt!
SURVEY OF CURRENT BUSINESS
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
S-19
1962
1961
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
j Apr.
May
June
July
i Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
LIFE INSURANCE— Continued
Premiums collected (LI A MA):*
Total life insurance premiums
Ordinary
Group and wholesale
Industrial
989
734
148
107
1.135
760
148
2° 7
1 . 062
790
1 55
11R
966
718
143
106
1.087
813
166
108
992
739
146
107
1 022
770
144
107
1 . 009
752
150
107
1 041
771
161
109
Gold and silver:
Gold:
Monetary stock, U.S. (end of yr. or mo.) .mil. $_. U7,767 ' 16, 889 17,300 16,975
-5
-43 , -272
-165
Net release from earmark §
do
137 64, 583 70, 051 14,068
Exports
thous $
4, 684
4,009 11,540
Imports _
- do __ 27,919
16.889
-65
52, 755
10. 769
16,815
-64
28. 224
2.021
16, 790
—37
30, 897
19. 701
16.008
- 142
52, 84f,
10, 622
16,495
-82
14,065
2.228
16, 434
-78
31,032
16. 290
16. 435
-60
14,000
3. 340
16. 147
-310
14.005
2. 039
67. 400 72, 900
1 1 , 400 12.800
3, 200
3. 500
72. 300
12, 400
3, 000
74, 000
12.300
3. 400
75, 200
11.800
3. 100
76. 300
11.900
4. 000
76, 600
12,000
4. 600
76 100
.
953
695
136
122
mil $
do
do
do _ _
..
994
729
145
120
1 002 '
739
152 i
112
1 027
762
157
108
955
714
138
103
1 063
785
167
110
16. 098
—10
16. 067
2
63 150
2, 335
15, 978
— 19
15.978
1. 192
* MONETARY STATISTICS
Production world total
do
South \frica
do
Canada
do
United States
do
Silver:
Exports
do
Imports
__ _
- - _do
Price at New York
do!, per fine o z _ _
Production:
Oanada
thous fine 07
M"exlco
do
United States
_
do
Currency in circulation, end of yr. or mo
bil. $..
Money supply and related data (avg. of daily fig.) :*
Unadjusted for seas, variation:
Total money supply
bil $
Currencv outside banks
do
Demand deposits
do
Time deposits adjustedIL
do
IT S Government deposits
._
do
Adjusted for seas, variation:
Total money supplv
do
Currencv outside banks
do
59 (563
1.883
297,900 2101,700
62, 400 66, 900
13, 400 s 13.000
s
4, 900 3 4. 600
68, 900
12,700
3, 900
69, 200
13, 000
4,100
67, 800
12, 900
3, 400
70, 600
12,600
3, 500
3, 154
3,786
.924
2,511
3,316
.914
6, 600
3, 441
.923
1, 896
5. 152
1.033
1. 842
3, 156
1 . 043
1, 538
9,249
1.025
979
6, 653
1.015
526
5,615
1.015
521
5, 203
1.015
964
6. 837
1.023
476
5. 398
1 . 035
951
,r*. S27
* 1.083
1 144
7 897
1.155
1. 206
2, 597
2, 835
3,711 3 3, 362
3, 524
3, 345
133.9
532.9
3,054
3, 420
3. 523
32.8
2, 643
3, 590
3, 816
33. 5
2, 424
2, 850
4 297
33.9
2.518
3, 565
3. 023
32.8
2. 064
3. 255
2, 643
32.9
2,514
3,886
2. 690
33.0
2,270
3, 473
2,448
33.2
'> 194
3 530
3. 214
33.5
2, 670
3, 1 85
2, 319
33.8
2. 8°3
2. 98-1
2. 184
33.9
9 397
3 623
2.127
33.9
'> 880
33.9
34.1
* 143. 2
529.1
5114.0
569.1 5 78. 5
54.8
5 5. 3
144.5
29.4
115.1
81.5
6.4
146. 3
29.7
116. 6
81.5
5.8
149.4
30.2
119.2
81.8
4.9
149. 0
29. 5
119.5
83. 5
3.8
145. 3
29.3
115. 9
85.4
4.6
144. 2
29. 6
114.6
87.4
5.1
146.2
29.8
116. 4
88.9
3.8
143.6
29.8
113 8
89.9
7.0
144.0
30.0
113. 9
91.1
7.2
144.3
30.3
114.0
92.2
143.8
30.3
113.5
93. 0
6.8
145 0
30. 3
114 6
'93.8
7.2
146 5
30 4
116 1
94.9
7.3
148 2
30 8
117 5
95.4
0 0
144.2
29.3
114 9
81.3
144.9
29.4
115 5
82 0
145. 7
29.6
116.1
82.5
145. 9
29.7
116.3
84.1
145. 5
29.7
115 8
85.8
145. 7
29.9
115. 8
87.5
146. 1
30.0
116.0
88.7
145.7
30 0
115 7
89 6
145. 6
30.1
115.4
90.7
145. 7
1 45. 1
30 2
114 9
92 5
145 3
30 2
1151
93 4
146
30
115
94
146
^0
116
96
39.9
75.3
38.5
26. 8
39.8
73.4
38.7
26.8
39.7
70.9
40.6
27.7
38.5
68.1
38.4
27.1
41.7
78.2
40.9
27.6
42.2
78.4
41.7
28.2
41.9
78.8
40-8
28.0
41.6
77.3
41.3
27.8
42.1
77.3
42.1
28. 6
Time deposits adiusted^f
do
Turnover of demand deposits except Interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (344 centers) *__.ratio of debits' to deposits,.
New York City
do
6 other centers cf
--do
337 other reporting centers
do
2.149
4. 786
.914
* 140. 9
5 29. 0
5 111.9
35. 5
60.0
34.8
25.7
38.2
70.0
36.8
26.1
40.1
75. 6 t
38.3
27.0
30.2
115.5
91. S
r
41.9
78.8
41.1
28. 3
4 800
r
41.7
82.2
41.8
27 3
1
3
8
6
9
5
4
0
43.7
82.9
44 6
'>S 5
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes all industries
mil $
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil $
Paper and allied products
__
do
Chemicals and allied products
do
Petroleum refining
do
Stone clav and glass products
do
Primarv nonferrous metal
do
Primarv iron and steel
do
Fabricated metal products (except ordnance,
machinerv and transport equip )
mil $
Machinery (except electrical)
do
Elec. machinery, equip., and supplies
do
Transportation
equipment (except motor
vehicles etc )
mil $
Motor vehicles and parts
do
\11 other manufacturing industries
do
e 3, 800 6 3, 828
6306
6331
670
682
4, 609
346
100
4.004
270
74
4.649
344
89
4 223
397
86
626
147
503
719
143
123
236
628
146
511
27
174
538
870
151
141
263
10
143
519
797
58
143
252
55
169
601
699
191
156
192
50
1 55
551
775
1QQ
104
111
101
246
111
265
116
293
350
118
284
187
387
168
333
291
6 56
6419
6435
674
372
430
81
599
560
98
570
396
120
645
499
106
331
564
6 2, 070 6 2, 138
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Re6474
6 448
serve)
mil $
Transportation and communications (see pp. S-23
and S-24).
2, 528
2, 202
2,123
2 112
477
585
472
488
772
136
122
201
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
_
mil. $..
By type of security:
Bonds and notes total
do
Corporate
do
Common stock
do
Preferred stock
do
By type of issuer:
Corporate totalO
do
Manufacturing
do
Extractive (mining)
do
Public utility
. . . do
Railroad
do
Communication
do
Financial and real estate
do
2,295
2,958
4,410
2,404
2,094
3,506
2, 537
1,877
4.075
2,149
2,422
1,663
4, 056
1.568
2, 198
2,122
673
139
34
2 648
785
273
37
4 100
845
298
12
2 179
762
184
41
1 784
784
284
26
3, 363
504
141
2
2 3«2
728
146
9
1.669
638
204
3,738
881
216
120
2, 015
667
120
14
2, 253
1,063
124
46
1,598
565
32
32
3 974
840
58
24
1 408
472
110
51
2,073
912
77
49
846
179
20
238
18
87
210
1,096
343
22
253
15
152
190
1, 155
308
37
318
19
26
291
987
233
4
367
24
81
183
1.094
330
42
211
5
42
315
647
225
15
116
12
75
104
884
139
13
153
17
366
126
847
329
10
197
20
21
143
1,217
463
15
383
7
90
142
801
279
37
217
12
65
96
1.232
361
23
473
18
80
173
630
250
5
124
9
93
110
922
2'?6
632
190
1.037
193
21
253
6
259
255
1. 449
1, 000
1,862
3,255
1,417
659
341
1 021 2,564
357
602
789
654
643
695
r
l
2
Revised.
End of year.
Estimated; excludes U.S.S.R., other Eastern European
'Countries, China Mainland, and North
Korea. Comparable data not shown in 19614BUSI3
NESS STATISTICS volume.
Includes revisions not distributed by months.
Effective Aug. 1962 for silver in commercial bar form (priced H cent higher than
on former basis;
Mo cent higher effective Nov. 15,1962).
° Average of daily figures. e Quarterly average.
' Less than $500,000.
« Corrected.
Noncorporate totalO
U S Government
State and munieinal
_
do
do
.. - _ _ d o
(•)
255
56
123
190
91
165
20
69
93
2, 859
936
1. 162
1. 654
1.030
1.348
2,858
1, 190
3,135
1.033
372
352
363
300
359
1. 589
361
1 506
2 408
358
1. 123
866
621
646
877
897
426
760
641
559
*New series. Back data for premiums collected and turnover of total demand deposits
are available upon request; those for money supply, etc., are published in the Aug. 1962
Federal Reserve Bulletin (see also Oct. 1960 Bulletin for concepts and methods).
§Or
increase in earmarked gold (—).
JTime deposits at all commercial banks other than those
due to domestic commercial banks and the U.S. Govt.
(^Includes Boston, Philadelphia,
Chicago, Detroit, San Francisco, and Los Angeles.
©Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-20
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
1961
1961
Monthly
average
December
Oct.
Nov.
Dor.
Jan.
i
|
Feb.
Mar.
Apr.
May
Tune
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission — Continued
New corporate security issues:
Estimated net proceeds, total
mil. $_.
Proposed uses of proceeds:
New monev 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
827
1,073
1,129
961
1,071
632
866
823
1,185
785
1.214
621
907
618
1,021
730
472
258
23
75
902
628
274
75
96
952
64]
311
40
138
908
671
237
13
40
930
506
424
71
70
507
326
181
39
85
792
642
150
67
709
458
251
16
97
1.033
753
279
72
80
621
435
186
25
139
953
713
240
82
180
504
329
175
39
78
620
382
237
159
129
441
315
126
39
138
795
474
320
134
93
602
334
697
376
643
214
789
532
669
336
866
186
1 , 123
640
621
351
877
442
897
499
760
375
641
301
559
573
426
172
430
294
219
003
429
4,072
1,214
2,710
422
4, 180
1,213
2, 803
430
4, 294
1,219
3, 003
436
4.145
1 . 225
2,911
421
4. 100
1,190
2,882
426
4, 117
1,154
2, 963
419
4, 115
1, 110
3.072
426
4, 034
1,205
2, 889
437
3, 637
1.374
2, 239
415
3, 592
1, 252
2,124
388
3, 796
1,130
2. 506
380
'3. 914
r
1, 091
2. 738
397
3, 889
1,126
91.42
91.56
81.81
92. 98
93. 1 2
83. 22
93. 19
93. 32
83. 31
92 67
92. 76
85. 36
92. 26
92. 38
83. 31
92. 24
92. 35
84. 26
92. 90
92 99
N5. 12
93. 89
93 99
85. 80
94. 40
94 50
86.04
93. 80
93 91
84. 68
93. 02
93. 13
84.82
92.97
93 08
84. 61
93. 76
93 87
85. 88
94. 16
94. 27
85. 94
94. 57
94 68
8(5. 27
94. 6
103. 9
86. 22
95. 2
107.8
87. 55
94. (i
107.7
86. 61
94.9
108. 1
86. 52
94. 5
107. 3
85. 61
94. 5
1 09. 9
85. 34
94.5
110.5
85. 17
91.8
111.9
86. 21
95. 4
113.7
87. 69
95. 9
113.5
87.87
95. 7
111.2
87. (51
95. 4
110.2
86. 07
95. 4
110.1
86. 64
95. 8
112. 1
87. 02
9(5. 6
114.4
87. 73
133.92
134.52
168 56
162. 82
153.52
151.77
162.65
164.03
160.43
167.36
150. 81
157.72
136.69
132. 43
143.42
144. 94
134.82
135.58
1 88. 43
184. 91
246. 49
249. 77
151.86
156.85
117.84
125. 30
91.01
94. 62
112.30
136.16
131.65
132. 28
1 63. 70
159.05
150.43
148.44
1 58. 28
160.65
1 54. 50
161.12
146. 10
152.91
131. 74
127. 77
138. 15
139.49
129. 99
130.81
183. 01
1 79. 28
238. 82
241.24
148.25
152.98
112.35
119.58
86.01
90. 10
105. 49
128.67
112.20
105.88
6. 33
1 36. 34
130.51
5. 83
125.57
120. 68
4. 88
140.84
135. 71
5. 13
135.73
1 29. 09
6. 64
133. 06
126. 35
6.71
101.35
95. 43
5.92
113.54
104. 74
8.80
117. 18
111.74
5. 44
183.17
174. 76
8.42
184.88
176. 26
8.62
116.51
108. 52
7. 97
95. 8(5
88.71
7. 1 6
81. 52
75. 06
6. 46
100.62
89 9->
11.39
108. 48
105. 67
1.61
108.34
105. 50
1. 58
109. 03
106. 22
1.56
104.75
101.86
1.63
104.63
101.78
1.61
1 05. 52
102.66
1.62
106.25
103.38
1.61
107. 40
104.42
1.63
109. 44
106. 40
1. 68
1 06. 74
103. 70
1 . 67
105. 51
102. 42
1.74
105. 47
102. 37
1. 76
108. 52
105. 36
1.80
111.37
108.22
1 . 79
111 69
108.52
1.80
118.69
115.44
1.97
116.5!
113.30
1.90
117.00
113.82
1.88
113.03
109.81
1.91
113.42
110.18
1.93
114.39
111. 16
1.92
114.37
111.17
1.90
114.39
111. 10
1. 90
115.93
112. 59
1.95
113.79
110.42
1.98
113.42
109. 97
2. 06
113.45
109. 98
2.08
115.74
112.25
2. 10
118.28
114.80
e
2. 09
118. 10
114.62
2. 09
r
r
646
285
548
590
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
Cash on hand and in hanks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
mil $
do
do
do
i 390
13,317
11,135
i 2, 275
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total §
dollars
Foreign
do
Standard & Poor's Corporation:
Industrial, utility, and railroad (A1+ issues):
Composite (21 bonds) cf___dol. per $100 bond..
Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable 1
do
Sales:
Total, exel. U.S. Government bonds (SEC):
All registered exchanges:
IVIarket value
mil $
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales face value total §
mil $
Domestic
do
Foreign
do
Value, issues listed on N.Y.S.E., end of month:
Market value total all issuesS
bil $
Domestic
do
Foreign
do
Face value total all issue? §
Domestic
Foreign
Yields:
Domestic corporate (Moody's)
By ratings:
Aaa
Aa
._- _ _ A
.__ .
Baa
By groups:
do
do
do
percent
do
_ do_. .
do
do
i
i 4.
1 1,
i 3,
9(5. (5
114.5
87. 96
4. 73
4. 66
4.73
4 . 70
4.71
4.70
4. 70
4. 67
4. 63
4.58
4. 59
4. 63
4.64
4. 61
4.57
4. 55
4.41
4. 56
4.77
5. 19
4. 35
4. 48
4.70
5 08
4. 42
4. 5(5
4. 79
5 13
4.39
4. 54
4. 75
5 11
4. 42
4. 50
4.74
5 10
4.42
4. 55
4.74
5 08
4.42
4. 56
4.74
5. 07
4. 39
4. 53
4.71
5. 04
4.33
4.49
4. 66
5.02
4.28
4.43
4. 62
5. 00
4 28
4.44
4.62
5. 02
4.34
4. 49
4. 65
5. 05
4. 35
4. 49
4. 66
5. 06
4.32
4.46
4. 62
5.03
4,2*
4.41
4.61
4. 99
4.25
4.40
4. 59
\. 96
Public utility
Railroad
Domestic municipal:
do
do
4. 59
4. 69
4.92
4 54
-1 57
4.82
4 r.()
4. 6(i
4. 92
4. 58
4. 63
4. 89
4. 59
4. 62
4.91
4. 57
4. 61
4. 92
4. 57
4. 62
4. 90
4. 52
4. 60
4.88
4. 46
4. 5(5
4. 86
4.42
4. 50
4. 83
4. 45
4.47
4.86
4. 52
4.48
4. 90
4. 51
4. 50
4. 90
4. 4."
4. 4'.)
4.88
4. 40
4.46
4. 8c
4. 39
4.42
4. 83
Standard & Poor's Corp. (15 bond?)
U.S. Treasury bonds, taxable©
do
do
3 51
3.73
4.01
'•$ 46
3. 46
3. 90
3. 36
3. 46
3.98
3. 48
3. 44
3. 98
3.42
3.49
4. 06
3.22
3. 32
4. 08
3. 20
3.28
4. 09
3. 12
3.19
4. 01
3. 00
3. 0,8
3. 89
3.24
3. 09
3. 88
3.24
3. 24
3. 90
3.33
3.30
4.02
3.14
3.31
3. 97
3. ()t5
3. IS
3. 94
3.01
3. 03
3. 89
3. 10
3. 03
3.87
14, 154
987. 4
401. 4 2, 750. 5 1,065.4
544. 4
2,074.4
987. 8
384.0 2, 086. 2
994. 8
395. 4 2.137.9
1,025.3
412.1
2
7. 346
2
514
182.4
350. 0
16.9
114. 1
135.0
3.5
183. 8
235. 3
134.5 1.331.4
109. 0
3.0
188.9
340. 9
11.1
167.6
91.9
131.4 ! , 354. 5
1 08. 5
197.4
338. 6
10. 5
229. 4
93. 2
135. 5 1.352.3
105. 5
3.0
<- 194. 5
361.8
11.4
104.6
140.2
2.8
1, 181
1,588
2
370
2 581
2
212
2 1, 283
21,692
2 356
2
578
2 1 95
235. 4
118.4
19. 1
5(5. 8
8.4
4.2
42.9
6.8
113.2
197. 3
56. 7
53. 3
29.7
235. 3
123.3
20. 5
57. 9
9.9
3.3
116.8
5.5
23. 0
6.9
113.0
199. 1
56. 6
59. 3
27. 6
235. 7
123. 8
16. 9
59. 8
12. 1
2.9
118.6
8.7
23. 5
10. 0
112.8
201.3
50.7
58.4
236. 4
124. 8
19.7
62. 4
14.3
3.3
124. 9
5. 7
21.6
9.0
5 59
6. 03
2. 68
3. 53
3. 97
4.75
5. 70
6. 07
2.81
3.37
4.21
5.18
5. 69
6. 04
2.84
3.38
4. 21
5. 19
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil $
213,575
2
2
'l5L3
284. 3
295 2
1L1
2.4
114.6
1. 5
22.8
109. 9
197.6
75. 9
62.1
35. 0
235. 4
119.7
30. 9
77.3
11.5
5.88
6. 3 3
2. 85
3.36
4. 25
5. 19
5. 89
6. 33
2. 86
3. 36
4. 25
5. 19
5. 92
6. 37
2. 8(5
3. 36
4. 30
5.19
5. 95
6.41
2. 86
3. 35
4. 30
5. 19
5. 96
6.41
2. 91
3.35
4. 30
5. 29
5. 90
6. 42
2.91
3. 35
4.30
5. 29
5. 97
6.41
2. 97
3. 35
4. 30
5. 29
5. 97
6.41
2. 98
3. 35
4. 30
5. 29
5. 97
6.40
2. 98
3. 35
4.30
5. 29
5. 97
6. 40
2. 99
3. 35
4. 30
5. 32
(i! 40
3. 02
3. 34
4. 30
5.32
5. 91
6. 29
3. 03
3.39
4. 30
5. 32
(5. 13
(5. 63
3. 05
3. 39
4.30
5. 32
155. 46 1 85. 66 193. 10 200. 36 202. 73
Price per share, end of mo. (200 stocks) 9 ...do
173.18 199.90 207. 23 213.75 216.69
Industrial (125 stocks)
do
99. 32
99. 77 103.91
90. 55
69. 82
Public utility (24 stocks)
do
69.10
71.01
70.01
68. 26
Railroad (25 stocks)
. _ do ._ 62.46
c
••Revised,
Corrected.
i End of year.
2 Annual total.
§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.
195.17
209. 40
95. 1 4
70. 43
198. 76
212. 12
97. 76
69. 98
198.91
213. 78
98. 87
68. 60
1 86. 28
198.72
96. 45
64. 78
171.39
183.43
86. 79
62.00
157.34
168. 00
81.74
57. 19
168.24
178. 96
87. 72
58. 27
170. 51
181.40
90.12
59. 25
161.75
172. 29
87. 42
56. 07
1(54. 02
174. 24
86. 83
58. 66
1 79. 59
192. 36
92. 64
67. 43
Manufacturing __
Mining
Public utilities:
Electric and gas
Railroads.
Trade
Miscellaneous
_
___do
do
2
do
do__ _
do
do
Dividend rates and prices, common stocks
(Moody's):
Dividends per share, annual rate (200 stock?)
dollars. _
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)..
do
Bank (15 stocks)
do
Insurance (10 stocks)
do
2 048
- 7. 047
- 549
2
2
'>
160
400. 5
f
us! S
<? Xumbei of bonds represerit numbe r eurrem ly used; the chan ge in the number does no1
affect the cont inuity of series,
V^rices are derived from av 3rage yic ds on ba sis of an assumed 3 percerit 20-yea r bond.
eo For bon ds due or callable in 10 ye£irs or ruore.
Includes data no ; shown separa'tel y.
SURVEY OF CUEEENT BUSINESS
December 1062
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1861
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
S-21
Nov.
Oct.
1962
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody's) :
Yield (200 stocks) _ _ _
percent-Industrial (125 stocks)
do
Public utility (24 stocks)
___do
Railroad (25 stocks)
do
Bank (15 stocks)
_
_
do
Insurance (10 stocks)
_
_do
3.60
3.48
3.84
5.65
3.91
2.92
3.07
3.04
3.10
4.94
3.18
2.31
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.):
19.62
Industrial (125 stocks)
dollars
24.12
Public utility (94 stocks)
do
24.80
Railroad (25 stocks)
do
19.61
24.33
23.94
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
percent..
2.93
2.96
2.74
4.80
2.83
1.98
2.91
2.92
2.88
4.86
2.75
2.10
3.03
3 04
3.01
4 77
2.94
2.20
2.99
3 02
2.93
4.79
2.81
2.13
3.00
3 00
2.94
4 88
2.97
2.10
3.48
3.49
3.42
5.40
3.56
2.59
3.20
3 23
3.02
5 17
3.26
2.28
3.55
3 58
3.40
5 75
3.45
2.68
3.69
3 71
3.45
5 96
3.70
2.85
3.50
3.53
3.32
5.65
3.43
2.63
11.10
4 50
4. 99
10.80
4 45
4 69
11.64
4.33
3.94
3.79
3.82
3.65
5.86
3.74
2.86
r
r
r
3.60
3 61
3.49
5 78
3.62
2.78
3.41
3 45
3.29
5 03
3.36
2.44
4.49
4.45
202. 73
580. 65
117.77
117. 58
218. 35
628. 82
122. 34
130. 29
9.50
4 57
5.05
4.75
4.66
4.62
4.59
4.64
4.59
4.52
4.48
4.45
4.45
4.52
4.59
4.55
204. 57
618.04
91.39
1 38. 93
232. 44
691. 55
117. 16
143. 52
241. 67
703. 01
127. 69
149. 67
248. 56
724. 74
133. 74
149. 06
246. 76
728. 44
131.90
143. 86
239. 95
705.16
124. 46
147.38
243. 07
711. 95
127. 45
148. 61
243. 36
714. 21
129. 84
145. 24
237. 42
690. 28
129. 25
142. 29
221. 91
643. 71
120. 03
134. 96
198. 94
572. 64
109. 17
121. 64
203. 10
581 78
113. 91
122 75
208. 94
602. 51
118.93
121. 89
55. 85
66.27
68.00
71.08
71.74
69.07
70.22
70.29
68.05
62.99
55.63
56.97
58.52
58.00
56.17
60.04
do _.
do
do
do
do
59.43
59. 75
47.21
46.86
30.31
69.99
67. 33
57.01
60.20
32.83
71.42
69.32
61.26
64.15
34.53
74.72
70.91
64. 77
67. 19
34.30
75.81
70.58
65. 00
65. 77
33. 21
72.99
68.06
61.78
62. 69
33.77
74.22
68.37
62.35
63.70
34. 23
74.22
68. 06
62. 26
64. 51
33. 45
71.64
64.49
60.66
63.86
32.31
66.32
58.17
55.86
58.84
30.71
58.32
50.18
48.98
53. 32
28.05
59 61
51.08
49.82
55.51
28 29
61.29
52.91
51.17
56.96
28.09
60.67
52.08
50.60
56.96
27.68
58.66
50.83
49. 06
55. 63
27.40
62.90
56.05
52.42
57. 69
30.47
do __.
do
do _-
26. 23
53. 10
33.93
33. 75
70.78
45. 42
36. 73
79.26
49.40
39. 93
83.87
51. 60
40.10
83.50
50.97
38.02
76.79
47.60
39.09
75. 79
49.24
38.10
73.41
49.71
36.11
70.94
48.42
32.33
65.11
43. 79
29.69
58.45
38.36
31.02
59.88
38.52
32. 35
61.93
40.72
31.33
61.23
39.79
30.26
59.00
37.47
32. 37
64.00
41.93
5,317
168
4,624
136
5,282
156
5,338
165
5,203
157
4,219
126
4,447
135
3,954
114
5,367
148
6,728
204
4,291
131
4 117
132
3 393
104
3 990
126
4,392
108
3,898
90
4,420
103
4,467
106
4,366
103
3,545
85
3, 703
88
3, 335
79
4,649
105
6,034
156
3,789
99
3, 575
96
2,930
74
3,518
93
85
73
88
82
81
66
68
65
111
100
74
77
63
79
358. 93
6,752
371. 99
6,974
387. 35
7,009
387. 84
7,088
375. 20
7,202
383. 42
7,269
381.36
7,302
357. 77
7, 343
326 78
7, 434
298. 97
7,485
318 84
7,533
324 51
7, 552
308 44
7,561
309 23
7,611
121
125
104
122
126
103
106
109
103
104
107
103
109
112
103
126
122
96
119
114
96
120
114
95
124
118
95
122
116
95
11,536
17, 010
11,046
17, 778
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
Standard & Poor's Corporation id71
Industrial, public utilitv, and railroad:
• Combined index (500 stocks)
1941-43=10..
Industrial, total (425 stocks) 9
Capital goods (123 stocks)
Consumers' goods (193 stocks)
Public utility (50 stocks) .
Railroad (25 stocks)
Banks:
New York Citv (10 stocks)
Outside New York City (16 stocks)
Fire insurance (16 stocks)
_
2.95
2.91
2.85
4.76
2.78
2.10
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
3,768
Market value
mil $
116
Shares sold
millions__
On New York Stock Exchange:
3,163
Market value
mil $_
80
Shares sold
millions
Exclusive of odd lot and stopped sales
64
(N Y. Times)
millions. _
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value all listed shares
bil $ 291.49
Number of shares listed
millions.- 6,231
4.50
207.
597
120.
119.
82
02
£3
76
96
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Indexes
Exports of U.S. merchandise^
107
116
111
111
108
Quantity
__ 1957-59=100-.
108
100
112
116
116
111
120
116
109
104
Value
do
120
113
117
103
105
104
Unit value
do
105
101
104
103
105
105
Imports for consumption :J
107
120
118
121
109
112
Quantity
_ do _
123
119
108
105
115
116
108
110
116
Value
do
104
114
118
98
97
98
Unit value
_ _
..
do
99
98
96
96
96
96
Agricultural products, quantity:
Exports, U.S. merchandise, total:J
194
p 193
P218
P223
p 213
Unadjusted
1952-54=100
Seasonally adjusted. _
do ___
P199
P188
P 173
v 124
202
P 121
Cotton fiber (incl. linters), seas, adj
do
p 105
v 172
Imports for consumption, total:J
103
106
109
101
114
Unadjusted.
do _ _ _
103
125
117
Seasonally adjusted
do
145
106
124
126
108
Supplementary imports, seas adj _ _ do __
102
99
109
126
93
Complementary imports, seas. adj.
do _ _ _
Shipping Weight
Water-borne trade:
Exports, incl. reexports§
thous. Ig. tons.. 9, 382 9, 526 10, 904 10,419 9, 389 7,873 8, 833 8,847 r 9,509
14, 794 13, 984 15, 160 14, 387 14, 694 14, 432 13, 078 14,884 14,346
General imports
do
Valuet
Exports (mdse.), incl. reexports, total?
mil. $__ 1,713,2 1, 739. 5 1,889.8 1,817.7 1, 826. 9 1, 642. 2 1,774.6 1,844.9 1,881.2
1,634.1 1,672.0 1,816,8 1,759.4 1, 777. 3 1,591.8 1,712.4 1,783.2 1, 798. 8
Excl. Dept. of Defense shipments
do
1,772.9 1,716.3 1,719.2 1, 660. 0 1,852.1 1,632.1 1, 794. 6
Seasonally adjusted* __
_ _
do
By geographic regions:A
Africa
Asia
Australia and Oceania
Europe
do __
do
do
do. __
63. 8
303.9
39.6
543.8
68.9
342.3
33.4
536.7
82.5
332.6
32.6
573.8
r
1, 972. 5 1, 970. 4 1, 709. 1 1, 682. 5 1,761 2 1,613.7
1, 892. 4 1,894.1 1, 621. 5 1, 634. 6 1,711.0 1, 583. 1
1, 774. 7 1 858 9 1 718 1 1 651 6 1 935 9 I 503 2
77.0
389.6
30.2
561.0
78.9
348 9
31.0
502.8
80 8
331 7
33 1
574.1
86.7
341 1
32.9
584.5
94 8
337 4
40 2
557.6
79.7
352 8
41 6
581.0
88 7
359 8
41 9
573.7
78
326
41
473
309.2
303.6
350. 0
317.9
287.7
Northern North America
_
do
139.4
121.4
126.4
125.7
130.7
Southern North America
do
185.8
185.2
174.7
202.8
205.7
South America.
_
do
r
l
Revised.
v Preliminary.
Quarterly average at annual rate.
2
For 12 months ending Dec.
^Number of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
JRe visions for Jan.-Dec. 1960 (prior to May 1961 for indexes rebased to 1957-59=100) will
be
shown
later.
272.8
109.9
160.9
273.8
114.5
164.5
310.8
126.5
187.5
352.2
117.7
182.7
379.6
134.9
176.0
370.4
134.9
185.4
314.0
118 8
150.5
78.0
324 4
34.1
603.2
6
7
7
8
73
319
39
495
6
7
Q
0
303.9
127 1
173.7
80
334
52
545
3
6
3
7
290.6
129 2
171.6
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
^Includes grant-aid shipments under the Dept. of Defense Military Assistance Program,
as well as economic aid shipments under other programs.
*New series. Revised data prior to 1961 may be obtained from Bu. of Census reports.
AExcludes "special category" shipments.
December 1962
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1961
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valuet— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries:
Africa:
United Arab Republic (Egypt Reg ) mil. $__
Republic of South Africa
do
Asia and Oceania:
Australia including New Guinea _- do
State of Singapore
do
India
do _ Pakistan
do
Japan
_ __ do
Republic of Indonesia
do
Republic of the Philippines
- -- do
Europe:
12.6
23.1
13.5
19.0
18.6
16.1
18.2
16.2
18.0
17.5
25.0
15.2
24.1
19.2
22.2
19.4
28.8
21.5
23.9
15.1
22.4
22.2
22.3
20.2
16.7
15.0
13.9
19.9
32.3
26.6
3.9
40.2
16.3
144.9
11.2
27.7
28.6
3.5
38.2
14.3
133.3
13.5
29.3
27.3
4.7
29.9
18.9
135.2
6.9
36.3
25.3
4.7
46.7
32.6
155. 3
11.2
23.2
28.2
4.2
44.9
20.7
134.3
11.7
20.3
27.4
3.8
29.8
12.2
134.2
9.6
21.0
27.5
2.9
43.1
9.5
132. 0
11.1
23.2
34.8
3.7
47.6
17.8
115.5
15.3
23.1
35.2
4.4
60.8
23.5
116.8
8.7
22.5
35.2
5.4
68.2
31.9
117.4
11.2
22.8
35.4
3.3
75.0
35.7
97.0
7.0
21.7
33.4
4.1
57.0
28.9
102.2
9.3
21.5
'45.5
5.3
52.7
30.6
110.0
12.2
23.8
43.8
.2
108.1
62.8
.5
129.2
45.8
.5
95.0
66.0
.5
103.9
47.2
.1
94.1
63.7
.4
100.9
47.4
(0
74.5
59.9
.2
78.8
56.0
0
93.5
71.2
2.7
100.3
50.6
.1
102. 3
76.7
.2
91.3
55.6
.1
91.9
57.3
.2
85.3
59.9
.7
101.1
60.7
4.3
84.3
50.3
.1
95.3
72.3
2.8
77.8
35.7
.1
82.3
48.7
1.0
83.6
40.3
.1
85.5
58.9
1.4
75.6
46.8
.1
85.3
58.5
.7
110.8
3.4
53.4
14.2
111.8
7.2
24.8
48.5
"W^est Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
--
do
do
do
do
117.6
47.1
.2
89.6
66.2
3.6
94.2
do
309.1
303.6
349.9
317.9
287.6
272.7
273.8
310.8
352.2
379.6
370.3
314.0
303.8
290.6
Latin American Republics total 9
do
289.8
29.2
35.9
16.2
20.5
18.6
68.3
45.9
1,696.5
281.7
35.3
40.5
18.9
20.4
1.1
66.4
42.5
306.5
286.4
302.0
246.8
254.4
279.6
283.4
274.6
272.3
40.7
30.6
19.8
17.7
.1
70.9
43.3
, 797. 9
34.8
40.8
20.2
26.6
.1
69.6
52.0
, 806. 9
37.4
30.8
13.4
17.4
.2
55.8
34.6
, 617. 2
33.6
30.0
17.0
20.3
G)
62.0
35.7
42.9
32.5
15.3
23.6
.1
59.3
41.9
1,753.6 1,822.5
32.6
42.0
12.3
21.9
0)
74.8
37.4
, 946. 2
291.9
37.8
42.9
12.3
22.2
243.5
49.0
39.1
19.1
19.2
.1
70.4
48.1
273.1
40.5
29.4
14.2
22.6
(0
53.6
50.1
, 857. 4
69.0
41.1
, 948. 5
29.4
33.5
11.2
17.4
t1)
59.9
32.2
, 691. 5
232.1
178.8
104.7
171. 2
176.0
122.3
255.5
252.9
1,049.1 1,097.4
161.8
176.9
107.7
193.1
214.9
127.7
204.1
189.8
127.8
280.9
,010.4
164.5
146.9
107.3
250. 2
948.1
192.9
153.4
106.1
, 156. 2 1, 153. 6
, 162. 6
469.5
376.8
77.5
32.9
186.4
26.8
43.9
, 337. 5
107.9
148.0
27.8
66.2
54.6
29.9
157.9
21.9
23.7
, 240. 4
98.9
142.6
21.2
57.3
428.0
411.3
55.0
53.5
34.5
30.4
188.2
190.3
23.5
24.5
31.9
27.2
, 342. 3 1,394.5
112.5
110.4
153.0
142.3
26.0
25.0
48.6
50.9
473.3 470.5
410.9
59.0
50.4
42.6
39.3
37.8
30.7
187.9
217.6
182.4
36.7
31.5
25.0
40.2
31.2
32.8
, 446. 5 1, 472. 9 1, 478. 0
113.5
121.9
119.8
158.8
155.2
158.4
35.3
37.5
28.3
50.7
54.6
49.0
.3
89.2
54.2
3.2
Bra/il
do
Chile
--do
Colombia
do
Cuba
- do
IVTexico
do
Venezuela
- - - - do
,719.0 1,866.8
Exports of U S merchandise total^
do
By economic classes:
249.3 250.2
215.7 212.2
Crude materials
do
158. 1
189.4
137.1
180.9
Crude foodstuffs
do
96.4
119.8
93.1
106.6
Manufactured foodstuffs and beverages-- do -273.9
272.7
294.5
262.4
Semimanufactures of
do
Finished manufactures^
do.- - 956.1 978.4 ,035.6 997.8
By principal commodities:
402.7 419.1 501.5 490.1
Agricultural products tota!9 do
73.7
43.0
82.3
58.8
Cotton unmanufactured
do
49.5
32.9
32.4
35.1
Fruits vegetables and preparations do
181.3
157.8
137.9
179.1
Grains and preparations
do
27.4
30.0
25.1
30.8
Packinghouse products
--- -- do
82.3
41.6
39.7
64.6
Tobacco and manufacturesA-~
do
1,293.8 1,299.9 , 365. 3 , 307. 8
Nonagricultural products total 9
- do
105.4
98.6
108.1
107.3
Automobiles parts, and accessories
_do
148.1
143.8
140. 5
141.4
Chemicals and related products!
do
36.2
29.2
30.2
33.0
Coal and related fuels
do. 71.3
68.7
73.2
66.9
Iron and steel products
do
422.1
394.7
360. 5
400.4
Machinery total§9
do
8.8
12.1
12.0
9.4
Agricultural
do
32.9
29.9
32.3
24.5
Tractors, parts, and accessories
do._104. 4
93.5
85.2
105.1
Electrical
do.
39.5
40.0
30.8
40.7
Metalworking§
-- do
207.5 187.5
188.6
178.8
Other industrial
do
37.3
39.9
37.1
38.2
Petroleum and products
_- do. _
59.9
56.8
57.8
60.4
Textiles and manufactures
do.-_
1,251.5 1,226.7 1,358.6 1 3422
1,317.7 1 310 7
By geographic regions: O
53.2
52.2
55.8
46 3
244.5 235. 3
226.8 215. 2
Asia
do22.2
26. 7
27.3
Australia and Oceania
do._
355.6 345.8 420.9 414.8
Europe
do
Southern North America
South America
By leading countries: O
Africa:
United Arab Republic (Egypt Reg )
Republic of South Africa
Asia and Oceania:
262 9
127.2
254.9
257.0
264.3
227.6
,011.6
155.7
153. 1
109.7
265.1
186.2
152.6
111.8
279.5
978.5 1,012.3
197.6
140.3
105.6
214.9
934.7
359.6 396.6 389.3
402.1
21.9
19.9
23.2
66.2
46.1
35.7
37.7
34.0
ire. 7
152.7
153. 2
151. 5
23.2
21.0
23.4
24.7
44.5
37.9
76.0
36.3
, 289. 4 1, 302. 6 1, 345. 7 1, 203. 8
118.0
88.1
113.0
91.0
128.2
149.6
158.1
142.2
39.4
39.0
42.6
31.0
42.9
59.4
61.5
39.3
493.6
389.5
403.2 440.6 462.0
477.0
423.8 412.6 406.7
14.3
16.7
10.5
12.1
10.6
17.6
12.0
9.9
14.9
16.5
30.2
34.2
27.9
29.4
26.4
38.5
28.5
26.3
31.3
34.4
116.9
99.1
95.4
98.7
117.9
99.7
90.3
91.9
105.6
113.8
50.5
48.1
36.1
41.3
42.5
40.0
46.6
47.7
39.1
40.9
217.2
192.0
185.7
205.6
196. 6
194.6
193. 6
220.0 219.5 169.4
33.0
37.7
33.0
30.2
38.2
39.0
43.5
31.3
37.5
39.8
60.0
63.1
49.0
59.2
51.2
59.3
55.2
58.0
48.2
63.2
1,294.9 1, 372. 6 1, 224. 2 1, 385. 9 1, 333. 2 1, 453. 5 1, 350. 2 1, 337. 1 1, 358. 8 1, 342. 3 1,438.9
1,296.5 1,320.1 1,314.1 1, 336. 1 ] , 374. 2 1,385.0 1, 345. 8 1, 353. 4 1, 377. 0 1, 498. 6 1,339.4
402.6
387.3
10.2
23.5
95.0
49.7
189.1
33.3
60.6
40.5
236.6
316 1
93.3
201.4
310 8
111 7
195 2
377.
278
113.
223.
do
do
202.9
272 4
113.8
198.7
do
do
2 6
16.7
2.9
17.4
22.9
.6
19.4
16.
11 9
15.4
15 4
18 3
17
1.2
.7
1.6
.9
1.6
State of Singapore
do
21.0
31.4
24.8
18.7
19.0
India
do
3.1
1.9
2.2
37
3.0
Pakistan
do 87.9
99.5
99.6
94.0
95.7
Japan
do
13.6
17.2
12.9
14.8
18.0
Republic of Indonesia
do
26.4
27.4
25.6
15.5
25.6
Republic of the Philippines
do
Europe:
36.3
39.4
49.8
44.0
33.0
France
do
East Germany
do
71.3
70.6
82.8
81.8
74.8
^SVest Germany
do
31.3
40.1
33.2
38.7
32.8
Italy
do 2.2
1.9
18
1.9
Union of Soviet Socialist Republics
do
75.1
102.4
83.2
82.
84.0
United Kingdom
do— _
r Revised.
' Less than $50,000.
{Revisions for individual months of 1960 and for Jan. 1961 will be shown later.
9 Includes data not shown separately.
^fSee similar note on p. S-21.
cfData for semimanufactures reported as "special category, type 1" are included with
finished manufactures.
167. 5
175. 8
108.2
0)
32.5
24.1
39.1
36.5
16.7
17.9
20.8
20.1
0
0)
64.8
62.9
38.1
40.9
, 662. 2 1, 742. 3 1, 593. 1
64.1
56.9
61.7
226.9
57 2
201.4
26. 4
367. 3
241 8
129.4
191.2
.8
27.9
30
18.3
2.0
17.1
58
27.0
2 6
22.7
32
16.9
22 9
3.4
21.0
4.4
107.5
13.0
20.7
16 4
1.8
20.4
5.7
77.8
12.4
15.5
33 6
1.1
20.
4.
103.
9.
21.
19 5
.9
26.9
4.0
106.2
12.4
27.1
16 2
.9
22.0
3.1
113.7
12.9
37.4
42.4
39.8
1
76.3
31.3
6
74.5
35.6
81.
39.0
1.6
85.4
33.2
.4
76.9
33.0
1.7
82.4
243.8
379.9
275 5
149.7
c
67.6
32.4
1.2
81.9
227.6
398. 5
292 5
137.8
220. 1
85 8
241.9
29.2
376.9
292 7
123.7
182.3
67 8
265.9
242.6
66 4
262.6
51.1
266.8
62.9
258.3
58.2
200.3
207.0
39
18.8
9
15.6
1i
28.6
6
23.6
19 1
.8
16.1
2.3
116.7
12.3
31.2
22 9
1.4
21.3
3.0
120.2
12.9
40.2
28 8
1.2
19.2
2 7
131.9
9.9
32.6
25 0
24.2
2.7
129.8
9.4
22.7
23 4
.9
20.6
2.9
128.5
9.9
23.9
38.1
34.7
31.0
75.9
36 2
1.2
79.1
36. 5
.1
74.1
36.3
1.2
84.9
32.0
80.7
37.5
.9
93.7
80.0
41.7
2.1
80.7
83.1
37.6
2.1
77.0
31. 9
362.8
365.9
207.2
339 3
109.7
198.7
313 3
109.1
186.1
46. 7
361.5
319 7
109.2
37.4
256.5
36.3
417.9
325 4
111.9
231.7
27.2
416.3
326 0
141.6
367.7
302 6
105.1
36.5
.2
83.0
43.0
1.1
95.8
AManufactures of tobacco are included in the nonagricultural products total.
§Excludes "special category, type 1" exports.
*New series. Data prior to Aug.
1960 may be obtained from Bureau of Census reports.
O Effective with the Apr. 1962
SURVEY, the import totals and appropriate components reflect revisions to include uranium
ore and concentrates. For certain recent months, the data by regions and countries exclude
imports unidentified by area of origin.
SURVEY OF CURRENT BUSINESS
December 1!K>2
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1962
1961
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valuet —Continued
General imports, by leading countries© — Con.
North and South America:
Canada
mil $
262.8
272.2
316 1
310 6
278 8
275 3
241 7
292. 4
292 6
325 7
339 1
313 0
319 3
309 i
325 3
294.0
267.8
253 2
263 8
296 8
323 3
279 6
315.4
264 4
307 8
°67 9
255 0
260 2
°62 3
294 6
8.2
8.5
47.5
16. 0
24.9
29.8
36.9
79.0
46.8
15.4
23.0
9 0
56. 5
14.8
24.1
7 3
45,3
18.5
18.7
5 8
56.9
16. 8
21.2
7 1
54.6
24.8
17.9
9 6
40.0
22.2
18.5
10 9
39.0
11.4
18.3
80
42.0
27 7
24. 4
9 7
35 1
19 6
20. 4
9 0
44 2
(i)
7 7
37.7
20.2
?2 9
(i)
44.9
74.9
35.5
65.0
42.8
72.7
49.7
88.3
60.7
92.9
7 3
47.5
12 9
19.6
21
56.4
77 5
57.8
93.1
61.2
79.6
59.1
79 1
38.8
84 7
36. 0
66.2
33.1
SO 7
9 4
48 2
9.9
31.8
(i)
34.6
75 4
7 9
42.5
21.3
38.9
(i)
42.0
SO. 4
1,251.2
Imports for consumption, totalO
-do
By economic classes:
281.3
Crude materials
- - do
Crude foodstuffs
-do . _ _ 143.4
130. 5
Manufactured foodstuffs and beverages. .do
257. 6
Semimanufactures
do
438.3
Finished manufactures
-do
By principal commodities:
318. 6
Agricultural products, total 9
-do
1,219.0
1,353.8
1,336.9
262.7
143.0
133. 5
257.0
422.9
294.5
141.9
153.7
28-1. 3
479 4
273.8
132.0
163.0
289. 6
478 6
271.8
148.8
131.2
275.9
445.0
291.0
159. 8
125. 1
309. 5
468 3
257 4
158. 5
104.2
260.2
427 5
281.2
146.4
150. 2
303.6
487.4
267.3
153. 9
133.8
285. 8
484 9
286. 8
155.4
160.8
298.3
511 4
288 7
127.1
144. 3
269. 0
491 5
276.7
132. 5
150. 7
279.5
489 0
301 2
136. 1
147.8
280.7
50/JL 9
275 6
136 2
160. 9
268.0
504 4
264. 3
145.7
176. 3
276. 4
561 5
307.5
320.6
305.4
301. 5
326.0
300.0
328.7
313. 0
337.2
288.3
300. 4
330. 3
313.0
333. 1
11.9
83.6
26.8
42.3
16.4
13.3
80.3
18.0
38. 1
16. 5
4.5
5.3
78.8
22.8
40.6
19.2
2.7
66.6
21.0
34.7
14.5
14.8
92.7
22.2
27.3
20.1
11. 1
94.2
18 5
22 5
12.4
75. 1
16 5
36.5
20.7
17.2
75.4
18 5
38.2
16.1
12.6
83 4
21 1
58.3
15.7
16.7
63 9
16 0
46.7
16.3
17.6
70 4
20 7
54.8
13.1
10.0
83 3
19 1
35.4
17.0
35
87 1
16 9
45^2
14.6
4.4
83.3
17 3
49.9
17.6
932. 5
911. 5
1,033.2
1,031.5
9.1
44.2
8.4
37.7
4.4
46.0
7.4
51. 9
21.0
39. 1
16. 4
45.0
15 2
38.6
11.7
46.1
10 5
43.9
89
56 6
95. 6
33.4
9.8
28.0
57. 3
128. 6
89.1
23.2
9.9
27.7
57.2
134.7
113. 2
28.0
13.9
31.0
58. 4
130. 2
110. 5
30.9
12.6
30.0
63.9
136. 7
103. 2
22. 8
13.2
27.9
56. 5
143. 3
111.0
28.2
11.8
29.0
55. 9
173.8
85.2
21. 9
7.6
30.9
48. 5
139.7
100. 1
25. 6
12.9
30.1
56. 0
153. 4
101. 5
22.1
11.0
29.1
64. 6
133.8
101.0
23.6
12.5
30.4
61.7
140. 2
Latin American Republics total 9
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
.
do
- do
_ _ _ . . d o ...
-do
do
do
-- - do
Cocoa (cacao) beans, incl. shells
.do...
Coffee
.,
do_. _
Rubber crude including guayule -- do_
Sugar..'.
do--_
Wool and mohair, unmanufactured. _ _ _ d o _ - - .
Nonagricultural products, total 9
- - -do
Furs and manufactures
do
Iron and steel products
__do. ._
Noriferrous ores, metals, and mfs., total 9
mil. $._
Copper, incl. ore and manufactures. .do
Tin, including ore
do
Paper base stocks...
do
Newsprint
do
Petroleum and products
do
2.9
3.1
2.8
2.5
3.7
.6
(i)
.2
1,272.7 1, 353. 6 1,207.8 1,368.8 1, 325. 6 1,412.7 1, 320. 6
87.2
21.7
34.6
14.4
971.2 1,027.6
is", o
4.9
29.7
(i)
1,328.4 1, 370. 7 1,345.0 1, 424. 1
907.9 1, 040. 1 1, 012, 7 1,075.6 1,032.3 1, 027. 9 1,040.4 1,032.1 1.091.0
69
51 4
56
51 ' 2
66
r 53 7
7 0
41 2
5 4
47 6
90.1 2 103. 9
24. 0
21.6
8.4
8.9
30.4
27.8
57.7
63.9
138.2
141.3
95. 3
20. 6
8.3
31.8
89. 6
20. 4
9. 9
29. 8
53. 2
146. 1
93. 2
ill
17. i)
6.7
33.6
68.6
127.1
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Scheduled domestic trunk carriers:
Financial operations (qtrly. avg. or t o t a l ) :
Operating revenues, total 9-mil. $.. 493. 5
489. 1
Transport, total 9
do
443. 4
Passenger.
do
Property
do
11.7
U.S. mail
do.—
484.6
Operating expenses (incl. depreciation)., do
1.1
Net income (after taxes).
_do
Operating results:
60,
419
Miles flown (revenue)
thous..
31,718
Express and freight ton-miles
flown
do
11,066
Mail ton-miles flown _
.. do
3, 854
Passengers originated (revenue)
do
Passenger-miles flown (revenue')
m i l _ _ 2, 450
57, 450
37, 131
12, 248
3,815
2. 475
60, 262
43, 536
12, 520
4, 029
2, 544
57, 563
42, 180
12, 570
3, 839
2, 367
56, 501
44, 705
17, 186
3, 786
2, 537
Express Operations
Transportation revenues
Express privilege payments
30, 705
10, 420
30, 737
9, 760
33, 079
10. 803
31,867
10,266
36, 493
11,614
18.9
.cents_627
mil__
mil. $__ 351. 8
19.6
604
348.9
19.7
633
19.7
615
19.7
615
368.4
Local Transit Lines
Fares, average cash rate§
Passengers carried (revenue)
Operating revenues (qtrly. avg. or total)
thous. $
...do
514. 8
509 6
461. 2
524. 7
519. 4
465. 5
12. 9
512. 4
15. 0
527 5
«6.0
*8. 0
Class I Motor Carriers (Intercity)
Carriers of property (qtrly. avg. or total):
4965
Number of reporting carriers
.
•i 965
Operating revenues, total
mil. $__ 1,212.1 1,234.4
Expenses, total
_
do
1,181.2 1, 185. 4
71.2
Freight carried (revenue)
..mil. tons._
71.6
Carrlers of passengers (qtrly. avg. or total):
Number of reporting carriers
^ 141
4 141
Operating revenues, total
mil. $__ 115.4
120. 5
Expenses, total
do
100.9
104. 8
Passengers carried (revenue")
mil57.2
56.3
Class I Railroads
Freight carloadings (AAR):cf
Total cars
Coal _ _ .
Coke
Forest products
Grain and grain products
thous..
do
do
do
_clo
2,537
443
34
159
232
2, 382
424
29
156
237
2,580
455
31
157
244
r 2,312
434
31
146
213
59 724
39',436
12,695
3,973
2,621
54, 557
37, 540
12, 140
3,591
2, 344
543. 3
.597. 4
48S. 8
3,1 8
13.7
555. 4
d
17.0
53S.5
3*1. 4
14.3
563 0
9 4
62. 745
45, 587
14, 360
4,107
2, 677
19.8
613
19.8
554
20.0
619
340. 7
1 010
1, 278. 9
1 249 9
' 76.6
141
119.4
104.3
57 3
142
104.8
99.8
51 2
' Revised.
<* Deficit,
i Less than $50,000.
2 Beginning July 1962, includes
data for
4
refined bauxite (imports for 1961 totaled $11.1 mil.).
3 Quarterly total.
Number of
carriers for
filing
complete reports for 1961.
s Excludes intra-Alaska and intra-Hawaii.
Digitized
FRASER
t See similar note on p. S-22. O See similar note on p. S-22.
9 Includes data not
http://fraser.stlouisfed.org/
shown separately.
Federal Reserve Bank of St. Louis
62, 820
46, 614
14. 046
4, 145
2, 662
2,039
410
34
129
224
2, 141
413
36
153
227
2,720
497
44
191
264
60, 280
44. 278
13, 064
4, 286
2. 903
20.0
610
20.1
639
20.1
580
357 7
559. 3
5 50$ [
55, 689
39, 734
11, 851
3, 710
2. 660
58, 283
47. 556
12, 978
4, 164
2, 929
3
95,257
3 29,820
389,913
326,277
965
1,334.8
1,286.3
77.1
2,610
524
39
162
268
61, 754
43, 381
13, 422
4,296
2, 746
5
58, 182
48. 228
12, 512
3, 968
2, 703
62, 562
53. 927
14, 275
4,114
3
94,
3
0(50
27. 924
20. 1
538
20. 2
561
20.2
571
20. 2
638
2, 043
261
19
138
216
2, 300
433
23
155
214
2, 852
540
30
184
254
2,429
444
24
150
236
141
132 7
112 2
58 0
2,250
399
33
147
206
2, 339
410
27
157
196
2,885
540
29
185
248
2,251
422
24
142
247
§Revised effective Jan. 1960 to reflect fares charged in U.S. cities with a 1960 population
Of 25,000 or more; revisions for 1960 are shown in the Nov. 1961 SURVEY.
cfData for Dec. 1961 and Mar., June, and Sept., 1962cover 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1980
and descriptive notes are shown in the 1961 \
edition of BUSINESS STATISTICS
j
19GO
1961
ATmtlilv
average
December
1962
1961
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
May
Apr.
i
July j Aug.
June
Sept.
Xov.
Oct.
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Railroads— Continued
Freight carloadings (AAR)o 71 — Continued
Livestock
thous_ _
Ore
do __
Merchandise, 1 c.l
_ __ do
Miscellaneous
do
Freight carloadings, seas. adj. indexes (Fed. R.):f
Total
'
1957-59-100
Coal
do_ -_
(
Coke
_
--lo
Forest products
do
drain and grain products
do
Livestock
do__
Ore
do --Merchandise, 1 c.l
do
Miscellaneous
do
Financial operations:
Operatin 0 revenues total 9
Freight
Passenger
Oneratine expenses
Tax accruals and rents
Net railway onerating income
Net income (after taxes)
mil $
do
do
- _do__
do
do
do
Operating results:
Freight carded 1 mile (qtrly.)
bil. ton-miles
Revenue per ton-mile fqtrlv avg )
cents
Passengers carried 1 mile revenue (qtrly.) mil
22
184
151
1, 309
19
145
121
1 252
36
202
111
1 341
i 95
i 91
87
78
95
94
90
88
99
104
71
83
61
92
104
74
92
56
96
765 8
644 9
52. 1
606 2
114.8
44 8
31 9
8-13 3
721 0
47.4
623. 9
129 8
89 7
73 1
90
91
99
101
83
107
75
96
793 1
669 0
53.4
630. 5
113.8
48 8
37 1
24
144
103
17
85
117
1 397
13
62
88
1 079
11
62
96
1 149
17
89
125
1 494
17
100
97
1 251
16
194
94
1 244
13
275
116
1 480
95
94
88
99
93
97
90
98
104
94
93
80
101
90
87
71
95
111
63
100
54
95
110
64
112
53
98
97
92
96
102
105
73
114
52
97
96
93
93
98
118
57
96
96
90
92
92
116
64
103
57
97
107
79
83
52
98
103
70
87
51
95
94
5°
87
51
9°
7(W 6
681 1
47 2
607. 1
121 0
71 5
57 7
770 8
626 4
60 3
614. 2
99 5
57 2
69 6
r j 9J5
86
100
97
3 147.0 3 144. 5
3 1.403 3 1.374
3
5, 3 15 3 5, 073
2
2 295 7
2 ] %3 6
- 1 44 8
2
2
152.8
1 360
66 0
27
22]
110
1 486
36
152
90
1 996
24
95
8°
1 214
90
90
89
74
94
98
67
75
45
89
90
88
69
95
101
73
69
45
92
94
91
68
98
77
95
98
6?
79
47
91
2
2
1
2
2
-
148. 2
1 354
4 460
4,943
90
87
69
94
81
56
84
49
93
12
203
90
1 169
29 04ft 3
2
352 8
2 H2 6
85
1 102
20 407 q
2
1.830
4
2
9
910
157 0
883 1
371 9
159 q
105 1
110
68
79
45
96
2 331 7
1 959 7
2
169.3
2
164 8
154 6
1 352
5 037
Waterway Traffic
Clearances, vessels in foreign trade:
Totalr Ur S ports
thous. net tons
Fo eic n vessels
- __do_.
United States vessels
do
Panama Canal:
Total
In United States vessels
-
thous. Ig. tons
do
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
...
% of total
Restaurant sales index ...same mo. 1951 = 100 Foreign travel:
U S citizens* Arrivals
thous
Departures
do
\liens* Arrivals
do
Departures
do
Passports issued and renewed
do
National parks, visits
do
Pullman Co.:
Pji^senger-miles (revenue)
mil
Pa^sen^er revenue*5
thous $
13,893
14,073
11,411
11,045
13,971
11,400
2 708
2, 571
5, 233
839
5 900
927
10 04
71
111
9 72
63
109
2.323
164
137
127
100
40
1, 802
4,488
254
4, 192
696. 5
392 6
236. 5
418. 3
116.6
65. 0
15 056
12, 040
3 016
14 913
12, 005
2 908
13 753
2, 662
5. 206
1 , 080
5, 445
823
5. 283
795
9. 15
65
115
9. 23
62
112
169
167
108
89
71
2, 217
174
168
111
93
71
12, 679
10, 161
2 518
r l 3 916
2 565
14 045
11 329
2 716
13 396
13, 143
3 253
15 957
12 817
3 140
5. 465
865
5,290
855
6 200
976
6. 103
832
6. 057
986
5 684
828
5. 495
741
5, 167
830
4. 932
720
4 889
896
8 81
49
111
9 00
61
109
9 17
63
114
8 87
63
123
9 67
64
108
9 00
64
125
9 64
63
116
8. 75
54
107
9 60
60
106
9. 66
64
111
10 14
69
111
133
110
101
86
38
874
128
136
99
99
34
562
139
138
97
71
57
* 557
145
158
86
68
61
185
175
112
86
93
*764
178
183
129
100
125
1,981
204
304
130
122
114
4, 861
265
282
149
126
85
7, 554
333
<C>92
170
183
121
95
107
1,357
'>58
4, 259
220
3,615
4,432
740. 7
414.4
252 0
441.4
1 26. 6
67. 6
767 0
424. 3
261. 8
457. 3
131.4
67. 1
762. 9
424. 4
259. 3
452. 3
131. 5
67.3
771.6
4?8. 8
264. 4
459. 1
134.5
67.6
776. 9
430. 8
267. 8
461.4
131.1
67. 9
749.5
21,864
22,144
i, ':]()()
20. 004
1 , 029
'>'> 5S7
2'), 020
1 , 689
21. 4S3
19. 878
797
22,411
20,074
22, 093
20, 1 06
598
21.220
18,795
3,014
2, 470
3. 023
2, -152
240
3, 125
2, 721
49
3, 083
2, 40(5
351
3, 186
2, 113
723
3, 276
4, 471
3, 443
866
4, 681
3. 209
1,258
4, 531
3, 467
892
4,731
3,711
845
1 1 , 286
2, 607
280
269
11*350
2
4
4
2 770
12 873
4
2
4
_
159
4
72
7. 669
2 707
11 694
4
2
3, 288
2
793
13. 035
4
52
1. 920
44
_ . _..
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
mil $
Station revenues
do
Tolls, message
do
Operating expenses (before taxes)
do__
Net operating income
do
Phones in service, end of year or mo
mil.
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph :
O iterating revenues
thous $
Operating expenses, incl. depreciation
do
Net operating revenues
do
Ocean-cable:
Operating revenues
__ _ _
do _
Operating expenses, incl. depreciation
do
Net operating revenues
do
Radiotelegraph:
0
Opera tin " revenues
do
Operating expenses incl depreciation
do
Net operating revenues
do
4, 224
3, 324
7-5-7
1,770
790. 6
432 9
278. 3
470 6
132. 1
68. 4
783. 3
435 4
207 4
458. 5
135.4
68.6
22, 649
'20. 262
971
21.989
19,014
455
1.013
"' 344
2, 8<)3
2, 517
69
3, 220
2, 594
312
4, 632
3, 534
928
4, 342
3, 361
810
4,821
3,614
1, 005
426 7
244. 0
439. 2
127. 9
68. 1
796.8
438.8
786.3
810. 6
440 7
285. 8
473. 5
141. 1
69.6
782. 6
441 1
256. 8
458. 7
134.7
70. 0
22, 748
20, 996
600
20, 893
*5
3,031
2. 534
191
2, 786
2, 470
20
4. 607
3. 697
7°6
4. 684
3, 743
761
4, 524
3, 626
706
791 1
439 7
269 1
458. 8
138 3
69.0
436 2
268. 5
461. 8
135. 1
69.4
20, 762
861
22 366
20, 389
659
20, 854
A
828
2. 8*3
2, 463
96
3, 145
2, 581
257
2 902
2, 444
161
2 623
4, 460
3. 536
739
4, 808
3, 699
919
4, 719
3, 734
801
278. 0
475.1
134. 5
68.9
23,011
21,259
r
19,703
214
_ ___ _
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:!
/\cotvlene
mil. en. ft
Ammonia., synthetic anhydrous (commercial)
thous. sh. tons..
Carbon dioxide, liquid, gas, and solid
do
Chlorine, gas
do
1,012
968
1, 101
1,115
1, 135
989
1. 061
1.159
1,102
1,133
1.066
1,105
1. 089
1, 128
401.5
74.8
386.4
432. 9
76. 0
383.6
425. 5
78.8
409. 5
435. 4
69. 3
411.4
449. 1
65 8
420. 7
416.8i
70 j
405! 8
429. 4
C>3. 3
381. 9
494. 8
73.5
437. 5
£08. 3
75. 4
423. 1
510. 7
90. 9
432. 8
496. 0
100. 6
427. 5
471.1
105. 7
43*. 9
464. 2
107.8
441. 1
468. 3
92. 2
428. 2
83.0
86. 9
80.8
85. 6
Hydrochloric acid (100% HC1)
do
77.0
297. 5
298 8
306. 2
281.5
Nitric acid (100% HNO 3 )
do
276.3
6, 555
7, 626
7, 667
8, 060
Oxygen (high purity)
mil cu ft
4, 832
195. 6
184.9
187.1
183.7
Phosphoric acid (100% P2Os)
thous. sh. tons... 175.8
T
2
3
Revised.
i Based on unadjusted data.
Quarterly total.
Quarterly average.
* Effective Jan. 1962, data reflect redefinition of visits to one park: Jan. 1962 (new basis),
62,600 visits; Jan. 1961 (old basis), 18,600 visits. d 5 Beginning Feb. 1962, data include quantities
for 14 plants not previously reporting.
Deficit.
cfData for Dec. 1961 and Mar., June, and Sept. 1962 cover 5 weeks.
http://fraser.stlouisfed.org/
tRevised effective with the Dec. 1961 SURVEY to incorporate the 1957-59 comparison
79.0
296. 5
7, 360
202.0
Federal Reserve Bank of St. Louis
91.0
89.1
90.4
89.9
89.1
89.6
78.9
89. 3
292. 3
305. 9
278.0
289. 8
300.9
277.9
299. 7
303. 7
9, 161
7,782
5 8, 255
8.577
8, 083
7,433
8, 129
8,103
212.2
232.5
209.4
188.4
177.5
195.0
185.6
195.5
base period, as well as new weights and seasonal factors. Monthly indexes for total loadings
(1919-60) appear in the Dec. 1961 Fed. Res. Bulletin; indexes for separate classes prior to Oct.
1960 are available from the Board oi Governors, Fed. Res., Wash. 25, D.C.
9 Includes data not shown separately.
^Scattered revisions for 1959, 1960, and Jan.July 1961 are available upon request.
SUEVEY OF CUEKENT BUSINESS
December 1962
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
S-25
1961
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Inorganic chemicals, production!— Continued
Sodium carbonate (soda ash), synthetic (58%
Na2O)__
_ ___ thous. sh. tons.. 379.8 376.4
390.4 378.4
388.9 382.4
408.1
400.7 394.1 404.1 400.4
368. 3
368.6
410.2
10.2
Sodium bichromate and chromate
_do
9.6
10.1
11.5
10.6
10.8
10.8
11.1
10.8
10.2
11.0
10.5
11.6
9.5
Sodium hydroxide (100% NaOH)
___ do .
414.3 408.2
454.9
469.7 451. 2
423.1
459.9
467.1
442.4
403.2 466.3
464.3
443.8 433.7
Sodium silicate (soluble silicate glass), anhydrous
41.4
43.9
thous. sh. tons..
51.6
42.7
44.8
43.5
40.6
54.6
55.1
36.8
46.5
47.8
58.9
42.6
Sodium sulfates (anhydrous, refined; Glauber's
89.4
95.3
108.0
102.3
salt: crude salt cake)
thous. sh. tons_.
106.
2
95.9
106.
5
94.2
100.6
97.4
105. 2
113.7
97.7
Sulfuric acid (100% HaS0 4 )~
do.... 1,490.3 1,487.3 1,543.5 1,556.9 1,597.3 1 , 640. 4 1,535.6 1, 725. 6 1, 675. 9 1, 692. 3 1,502.3 1,438.4 1, 499. 9 1, 467. 2
Organic chemicals :cf
Acetic acid (synthetic and natural), production
mil.lb..
Vcetic anhydride, production
do
Vcetylsalicylic acid (aspirin) , production do
65.3
105.0
1.9
76.8
104.7
2.4
74.0
106.1
2.1
76.8
117.3
2.3
83.7
96.5
2.0
72.5
93.5
2.3
75.0
106.4
2.5
75.2
102.2
2.1
85.6
105.0
2.4
79.4
107.4
2.0
77.2
101.5
1.8
86.1
103.9
2.3
81.1
108.8
2.1
'52.1
43.2
5.1
66.3
136. 9
44.7
7.3
56.4
138.8
42.5
6.0
55.3
141. 1
43.7
4.2
53.7
145.9
43.9
4.3
47.8
148. 7
42.7
4.5
53.3
147.7
45.6
5.4
52.1
153. 1
40.8
4.8
50.3
151.4
44.6
5.5
50.4
154. 1
42.7
5.4
49.3
158.1
39.1
4.4
45.5
157. 6
41.5
5.1
49.5
147.1
40.0
5.7
24.2
24.3
4.4
23.4
23.4
6.2
24.0
24.9
5.4
23.5
23.0
5.9
23.5
24.2
5.2
23.7
23.6
5.4
23.0
23.4
5.0
24.5
23.9
5.6
21.7
21.4
5.7
24.0
24.8
5.0
22.9
23.9
4.1
21.1
21.3
3.8
22.4
24.0
2.2
21.5
21.4
2.3
7.7
13.7
8.9
7.3
14.3
8.5
6.8
13.6
12.0
7.4
13.0
12.8
6.4
12.9
7.3
6.1
10.3
9.6
8.1
13.2
3.9
5.1
13.9
9.8
8.6
12.1
7.3
8.0
14.5
7.9
7.7
13.4
12.4
7.2
16.1
5.2
8.1
15.7
9.0
7.8
14.0
6.6
7.9
15 5
7.6
108.1
156.0
98.6
146. 0
97.5
165. 1
95.2
162.4
97.3
156.6
91.3
155. 8
80.8
157.2
87.9
163.5
88.8
165.3
98.4
172.2
103.6
164.1
119. 1
150.2
122.0
169.0
106. 4
' 166.0
112.9
188.3
24.2
27.4
22.4
34.3
23.0
30.7
24.6
34.0
24.0
38.4
20.9
35.2
21.0
36.4
21.2
35.2
21. 2
36.1
18.8
33.7
21.1
35.4
17.8
32.3
21.1
30.8
'18.3
'27.8
19.9
25.8
.2
24.7
33.4
.1
25.6
31.7
.1
28.1
30.0
.1
28.5
28.0
.1
27.7
30.9
.1
26.4
28.7
.1
25. 5
25.6
.1
29.0
30.2
.1
27.9
33.7
.1
28.0
31.5
.1
26.5
33.3
.1
29.8
33.6
'.8
28.3
33.2
r
.6
28. 2
'34.8
29.2
36.1
-- _ do ...
do
do
do
562
43
436
68
539
31
429
65
548
34
452
52
540
62
411
57
605
47
440
100
680
71
511
89
541
114
347
76
486
52
352
74
684
128
464
76
635
98
466
58
543
24
444
47
563
10
428
99
699
60
547
82
653
51
504
66
698
74
547
68
do
do
do
do
do
207
105
30
12
36
227
123
41
13
36
260
138
35
15
54
216
106
32
9
57
156
87
26
12
14
261
128
50
15
70
259
131
37
12
73
306
157
28
18
57
397
230
69
24
59
287
186
55
14
10
194
128
50
13
10
229
133
38
24
22
199
84
20
19
49
232
84
22
23
71
215
110
27
20
43
181
173
211
104
159
302
117
232
365
258
60
123
226
142
225
223
346
228
415
240
447
236
480
230
519
238
527
220
509
249
446
248
302
255
253
204
316
170
382
202
416
207
'418
237
418
128
82, 026
127
82, 424
198
94, 844
177
85, 296
144
79, 679
114
75, 118
72
76, 616
53
81,058
147.0
85.3
61.7
145. 8
4 86. 5
* 59. 3
149. 0
85.7
63.3
133. 6
73.8
59.8
109.7
58.4
51.3
129.2
69.9
59.3
123.9
69.9
54.0
151.2
85.0
66.2
166. 6
100.7
65.9
186. 1
112.3
73.8
177.8
107.3
70.5
163. 5
103.3
60.2
177.6
111.3
66.3
152. 7
92.5
60.2
476
3, 826
519
4, 098
528
4, 255
519
4,307
550
4,814
516
4, 863
476
4,890
491
4,830
446
4,779
474
4,761
467
4,751
473
4,777
514
4,818
499
4,862
4.2
7.6
.1
4.8
7.5
.1
5.4
8.6
.1
5.2
8.6
.1
6.3
7. 7 t 12.8
.1
12.3
15.6
13.2
14.2
14.2
11.3
'12.9
13.0
49.3
82.1
29.8
51.0
88.8
33.0
57.2
98.1
37.6
54.6
92.7
36.0
52.5
95.9
32.2
e 58.0
599.9
539.2
53.2
92.8
38.9
59.8
105. 6
40.1
53.8
105.5
38.8
61.1
113.2
41.9
59.6
107.3
41.5
48.9
94.7
33.2
60.1
102.3
40.7
57.9
104. 5
42.0
105.0
45. 1
12.3
116.8
37.2
10.3
110.9
34.4
12.5
108.5
31.0
9.3
113.3
37.0
113.9
35.4
131.3
43.6
122 A
42.8
130.6
47.0
131.1
46.1
116.3
40.2
131.9
44.3
133.9
38.2
do
100.2
46.4
11.8
Polyester r°sins
do
Polyethylene resins
do
Miscellaneous (incl. protective coatings) _ _ . do
15.8
111.3
30.4
16. 1
133.9
41.5
15.2
146.2
43.8
15.5
148.4
43.4
13.3
153. 2
41.8
15.9
150. 6
15.5
156.9
17.9
167.0
18.7
166.7
20.2
170.9
18.6
170.6
13.8
172.7
18.3
170.8
15.1
170.1
63.7
91.3
2.0
Alcohol, ethyl:
Production
Stocks end of month
Used for denaturation
Taxable withdrawals
1
mil. proof gal-- 54. 2
1 130. 3
do
45.2
do
- - do _. i 5.3
Alcohol, denatured:
Production
Consumption (withdrawals)
Stocks end of month
- mil. wine gal
do __
do
Creosote oil, production
DDT, production
.
JEthyl acetate (85%) production
mil. gal__
mil. lb__
do
Ethylene glycol, production
do
Formaldehyde (37% HCITO), production.. do
Glycerin, refined, all grades:
Production
- do _
Stocks, end of month
do
Methanol , production:
Natural
mil. gal__
Synthetic
do
Phth'ilic anhydride production
mil Ib
' 138. 6
105. 1
2.5
FERTILIZERS
Exports, total?
Nitrogenous materials
Phosphate materials
Potash materials
--
Imports total 9
Nitrogenous materials total 9
Nitrate of soda
Phosphate materials
Potash materials
.
- - --
Potash deliveries (KjO)
do
Superphosphate and other phosphatic fertilizers
(100% P205)'.1
Production
thous. sh. tons__
Stocks end of month
do
2
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
thous. lb__
Paints, varnish, and lacquer, factory shipments: f
Totil shinrrents
mil $
Tndu^tri'il
finishes
do
Sulfur, native (Frasch) and recovered:!
Production
thous Ig tons
Stocks (producers') end of month
do
62
83
35
91, 583 101, 888 100, 792
3
3 379
300 657
156.5
88. 6
67.9
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:©
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
mil Ib
Nitrocellulose sheets, rods, and tubes, _._._do
Polystyrene
Urea and melarnine resins
. ,,
V
3
„ -•
"
"R - n mo ]if
~
~
"
firms
do
do...
/JO
2
' Revised.
1 Average for July-Dec.
Beginning July 1962,4excludes ammonium
phosphate formerly included.
a Data are for July-Sept, quarter.
Beginning Jan. 1961,
trade sales of lacquers (formerly shown with industrial finishes) are included under trade
products.
s Beginning Jan. 1962, data include protective coatings (formerly excluded),
amounts of these for Jan. 1962 are as follows (mil. Ib.): Phenolic, 2.5 (incl. some rosin modifications no longer shown separately); polystyrene, 6.0; urea, etc., 3.8.
tSce similar note on p. S--24.
cfData (except for alcohol) are reported on the basis of
100% content of the specified material unless otherwise indicated.
9 Includes data not shown separately. ^[Revisions for 1960-Apr. 1961 for superphosphate
and for Jan.-Mar. 1961 for paints, etc., will be shown later.
f Revised effective with the Jan. 1962 SURVEY to include recovered sulfur.
©Beginning July 1961, data are not strictly comparable with those for earlier periods
because of the inclusion of companies formerly not reporting; monthly averages are based on
reported annual totals.
December 1!>G2
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1960
and descriptive notes are sfaown in the 1961
edition of BUSINESS STATISTICS
1960 | 1961
Monthly
average
1962
1961
Oct.
Xov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July 1 Aug.
Sept.
Oct.
Nov.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total O
mil. kw.-br..
Electric utilities, total
do
Bv fuels
do
Bv waterpower
do
70, 135
62, 779
50, G53
12, 120
73,211
65, 998
53,348
12, 650
74.471
66.848
55, 373
11,475
74, 222
66, 669
54, 805
11 863
78, 419
70, 878
57,147
13,731
80,913
73,123
58,823
14,301
72, 047
64, 777
51, 435
13, 342
78, 646
70, 719
54,562
16,157
73, 528
65, 873
49, 873
16, 001
78,071
70. 241
55, 020
15,221
77,819 80, 322
70, 1 64 72, 933
56, 397 59, 479
13, 767 13, 453
84. 093
76, 439
63, 226
13, 213
77.018
6Q 080
57, 695
11 985
79, 784
72 002
58, 926
13 076
do_. _ 51,294
do__ .- 11, 486
53, 624
12,374
54, 408
12.441
54, 080
12, 590
57, 407
13,47]
59, 437
13, 687
52, 733
12. 044
56, 725
13, 994
53, 103
12, 770
57, 053
13, 188
57, 260
12, 904
59, 281
13, 651
62, 424
14, 015
56, 774
12, 906
59, 150
12, 853
7, 356
7, 055
301
7,213
6, 932
281
7,623
7,377
246
7, 552
7 ?85
267
7,541
7,246
295
7,790
7,479
311
7, 270
6, 982
288
7,927
7, 604
323
7, 654
7,318
336
7,829
7, 507
322
7, 655
7.373
282
7, 390
7,143
247
7, 654
7,405
249
7,338
7 106
233
7,782
7 496
286
56, 933 160,061
61,309
60, 306
62, 293
65, 428
63, 520
64, 151
62, 143
62. 216
64, 056
65, 184
67, 269
66, 917
9, 567 1 11,239
28, 733 1 28,952
11,804
30, 197
11,234
29, 563
11,270
29. 627
11.276
30, 156
11, 111
29, 230
11,214
30, 736
10,958
30, 384
11,273
31,443
12, 475
31, 527
13,102
31,197
13,418
32, 285
13, 354
32, 092
390
17,418
564
1,370
2
128
368
16,796
607
1, 395
140
385
16 913
649
1 432
130
443
18,712
682
1,437
122
455
21,213
741
1. 468
120
425
20, 495
620
1 529
109
433
19, 616
620
1, 461
71
391
18, 308
574
1,443
84
363
17.006
540
1,489
103
355
17, 513
515
1,564
106
350
18 3^-1
524
1 . 528
119
360
18, 978
566
1, 535
128
347
18, 879
601
1, 534
111
959.6
1,014.1
1,033.4
1,013.9
1,043.4 1,091.7 1,073.6 1,071.7 1,041.6 1, 040. 5 1, 079. 7 1.102.6 1. 125. 9 1.128.3
2,374
2,218
155
2,071
1,937
133
2,062
1.930
131
2 073
1,940
133
2 056
1.924
131
568
403
162
563
401
158
520
364
152
964
748
208
484
324
158
74.4
57.2
16.9
70.7
54.4
15.9
65. 3
49 8
15.1
114.0
91.5
21.8
60.9
45 7
15.0
...thous-- 30, 554
28, 087
do
2 430
do
31.661
29, 093
2,533
32, 294
29, 636
2,621
32,301
29, 634
2 630
32, 199
29 606
2 556
mil thermsdo
do
22, 636
7 558
13 907
23, 397
7. 894
14,272
23, 976
7 781
14, 858
33. 534
15 705
16 358
22 557
6 852
14 649
Revenue from sales to consumers total 9 mil. $
Residential
- do_
Industrial and commercial
do
1,326.6
734.9
553.8
1,424.7
787.8
595. 1
1,454.7
784. 8
825 1
2,266.1
1,432.7
783.5
1 362 6
720. 7
606 3
Privately and municipally owned util
Other producers (publicly owned)
Industrial5 establishments, total
Bv fuel '
Bv waterpower
-
do
do
-do
Sales to ultimate customers, total (EEI)§
_do
Commercial and industrial:
Small light and power
_ __ __ -do
Large light and power
do
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
_
398
- -do —
16, 367
-- -do
510
do
1,304
do
55
do
--
Revenue from sales to ultimate customers (Edison
Electric Institute)^
mil. $..
..
CAS
Manufactured and mixed gas (quarterly): to"
Customers end of Quarter total?
thous
Residential
do
Industrial and commercial
_
do. -Sales to consumers total 9
Residential
Industrial and commercial
mil thermsdo
do
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
Natural gas ( quarter! y):tcT
Customers, end of quarter, total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
mil $-.
do
do
1
........ ........
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
7.78
Production
_
_ __mil. bbl.
7.33
Taxable withdrawals
do
Stocks, end of month
_do _ _ 10.37
Distilled spirits (total):
3
13. 27
Production
mil. tax gal
Consumption, apparent, for beverage purposes
19.56
mil. wine galTaxable withdrawals
mil. tax gal _ 39.90
3 835. 02
Stocks, end of month
do
3.10
Imports
mil. proof gal-Whisky:
Production
.mil. tax gal__ 12.41
6 84
Taxable withdrawals
do
806. 44
Stocks, end of month
do
Imports
mil. proof gal-2.75
Rectified spirits and wines, production, total
mil. proof gal. . 6.97
Whisky
__
do
5.39
Wines and distilling materials:
Effervescent wines:
,33
Production
mil. wine gal-.28
Taxable withdrawals
do
2.45
Stocks, end of month
do
Imports
do
.08
Still wines:
13.82
Production
-- -. do _
12.44
Taxable withdrawals
do
Stocks, end of month
-do
176. 11
.82
Imports
_
do
Distilling materials produced at wineries.. _do
27.57
7.92
7.42
10.61
7.33
6.99
10.37
6. 52
6. 60
9.87
6.43
6.48
9.42
6.99
6.13
9.86
8.30
7.33
10.66
8.35
7.46
11.07
15.41
9.76
9.06
11.20
9.96
9.19
11.39
9.90
9 22
11.49
9 06
9. 18
10 80
7 38
7.42
10 29
15.06
19 25
19.53
16 43
15.88
15 32
13. 16
15. 94
12 69
6 43
8 34
10 17
20.12
10.04
859. 63
3.26
22. 58
14.34
864. 32
4. 69
25.35
12.41
868. 39
5.35
28. 32
8. 08
874. 59
3.82
16.91
8. 58
879.71
17.07
8. 65
883. 95
o ~^
18.62
20.63
9. 38
10.41
886. 45 885.90
3.07
3.07
21.14
10. 86
890. 66
3.55
20. 40
10.66
890. 08
2.92
18.67
8.29
886. 81
2.90
20.41
9 82
882. 86
3.28
19. 40
10.70
879. 54
4 06
11.85
7 08
835. 99
2.87
13.92
10 93
840. 54
4.12
15. 73
9 39
844. 23
4.75
13.58
5 79
850. 13
3.35
13.43
(i 02
855. 92
2. 46
12. 76
6 35
800. 19
2.41
12. 10
7 30
862. 66
2. 71
10.28
6 44
862. 36
2. 70
12.13
7 03
867. 51
3.09
8.83
6 54
867. 55
2.55
3.42
5 0(>
864. 49
2.57
5.32
6 r>8
861. 04
2.88
6.16
856' 98
3. 58
7.05
5. 32
10.48
8 21
8.74
6.71
6.02
4 49
5. 88
4. 08
5.87
4. 49
7. 38
5.59
6.21
4.48
7.54
5.44
7.21
5 27
5. 62
4 12
6.78
4 83
7.51
5 60
.34
.31
2,64
08
.26
.47
2.61
13
.32
.55
2.35
. 17
.38
.49
2,20
12
.33
.27
2.23
05
.50
.20
2.51
05
.42
.25
2.67
06
.35
.22
2.76
.07
.49
.30
2.93
08
.46
.26
3.10
05
16
.19
3.06
06
37
25
3.15
06
. 35
3.08
09
1 z.
14 00
12.98
175. 86
.93
81 81
16 28
230. 55
1.20
10. 45
14.47
220. 13
1.38
4 60
13 53
209. 50
1 00
3 28
12.22
1 94. 33
1 00
2 70
11 11
187. 44
88
2 53
14.33
172. 67
1 03
2 15
12 10
164.41
1.06
2 67
11 93
150. 96
1 31
1 67
11 72
141. 87
88
1 07
9 16
131. 76
78
6 15
I 9 28
123. 99
02
63 22
12 14
173. 62
1 01
1 24
27.61
143. 95
35.56
11. 92
9.68
4.08
1.43
1.70
1.58
2.56
1.47
4
4
T
Revised.
1 Revisions for 1961: Jan.—total, 59,894; large light, etc., 27,730; revenue, 1,016.9. Maysmall
light, etc., 10,423; large light, etc., 29,034.
2
Beginning Mar. 1961, data
include sales not previously reported.
3
Average for July-Dec. 4 Based on annual total containing revisions not allocated by
months.
6.42
5 75
10.16
5. 29
4 75
19. 66 139. 50
©Revisions for Jan .-Nov. I960 are available upon request.
§ Includes data for Alaska and Hawaii.
I Revised data for 1st and 2d qtr. of 1961 will be shown later. Data for manufactured and
mixed gas include Hawaii beginning 1960; for natural gas, Alaska beginning 1961.
d*The 1960 and 1961 averages shown for gas are quarterly averages.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
December 3902
Unless otherwise stated, statistics through 1960
an9 descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
| 1961
Monthly
average
8-27
1962
1961
Oct.
Nov.
Dec.
Jan.
Feb.
May
Apr.
Mar.
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) J
Stocks, cold storage, end of month
Price wholesale, 92-score (N Y )
Cheese:
Production (factory), totalf
American, whole milkj
mil Ib
do
$ per Ib
114.4
106. 5
.599
123. 7
181.5
.612
110.1
230. 7
. 613
109.9
223. 7
.611
126.1
224. 8
.611
144.2
239.0
.610
133.0
260. 0
.610
150. 3
303.1
.609
147.5
345. 4
.586
166.7
386.9
.586
152.6
429. 4
.584
122.4
469.0
.588
104.3
456. 4
.590
92.4
106.7
423.5 ' 384. 2
.587
.596
mil. Ib
do _
123.2
83.0
135. 9
95.4
120.3
80.3
111.1
71.6
120.6
77.1
117.2
77.6
111.4
74.1
127.1
85.6
139. 1
98.6
167.5
126.4
168.0
126.5
145.5
107.3
131. 0
93.8
118.9
82.7
Stocks, cold storage, end of month, total __ do _ _ _ 316.8
277.3
American whole milk
do
5.3
Imports
do
Price, wholesale, American, single daisies (Chi.414
cago)
$perlb
Condensed aiid evaporated milk:
Production, case goods:t
5.7
Condersed (sweetened)
mil Ib
181.4
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
5.5
Condensed (sweetened)
mil. Ib
235.9
Evaporated (unsweetened)
do
Exports:
3.5
Condensed (sweetened)
_
__do
8.4
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6.34
Evaporated (unsweetened)
$ per case
Fluid milk:
10, 234
Production on farms
mil Ib
3,969
Utilization in mfd dairy productscf
do
4.21
Price, wholesale, U.S. average
$ per 100 lb__
Dry milk:
Production :J
8.2
Dry whole milk
mil Ib
151.6
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of month:
6.4
Dry whole milk
do _ .
121.5
Nonfat dry milk (human food)
do
Exports:
2.3
Drv whole milk___
_
do
16.6
Nonfat drv milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.137
milk (human food)
$ per Ib
GRAIN AND GRAIN PRODUCTS
78.0
Exports (barley, corn, oats, rye, wheat) mil. bu_.
429. 8
379. 5
6.3
490.5
432. 6
6.0
470.6
421.5
8.1
472.9
419.9
6.9
456. 8
405.9
5.9
432. 8
382. 8
5.9
417.2
367. 8
6.0
441.0
390.8
6.4
460. 1
416.2
7.8
495.4
452.9
6.1
526. 6
483.8
4.5
520. 5
481.8
5.1
493.1 ' 454. 9
457.1 '421.4
5.8
5.6
439.5
399. 2
.409
.415
.414
.410
.410
.410
.402
. 394
.392
.392
.392
.392
.392
.406
.408
5.8
176.5
6.0
138.1
5.2
117.2
5.4
125.6
5.9
117.7
5.6
118.2
4.4
149.4
5.2
177.3
8.3
225.5
6.8
215.0
7.2
188.5
6.7
171.5
5.9
140.3
7.8
143.0
6.0
243.6
6.8
336. 2
5.4
282. 6
5.6
225.1
4.6
162.6
4.0
106.3
4.3
66.1
6.2
96.9
6.2
162.4
3.7
218.6
4.3
256. 9
4.8
271. 3
5.6
262.7
5.7
229. 1
3.9
7.6
2.7
5.1
4.4
3.7
3.9
2.6
3.0
5.6
3.9
10.9
4.2
4.6
.4
2.4
4.7
2.5
5.9
6.3
4.0
5.4
4.1
6.1
2.5
2.6
5.6
9.6
_
Barley:
Production (crop estimate)
do
6.30
6.29
6.29
6.29
6.29
6.29
6.28
6.16
6.07
6.02
6.03
6.05
6.05
9,672
3,759
4.47
9,219
3, 625
4.55
9,772
4,064
4.45
10,118
4, 415
4.39
9,629
4,109
4.29
11,101
4, 684
4.16
11, 340
4,809
3.88
12, 533
5, 609
3. 76
12, 003
5, 275
3.71
10, 977
4,349
3.86
10,244
3,797
4.03
9.683
3,370
4.22
9,771
3,674
'4.34
6.8
167.8
7.7
134. 9
7.6
136.3
7.3
169.4
8.0
184.5
5.6
177.4
6.4
203.8
7.5
214.3
9.7
253.0
7.7
236.5
4.7
182.1
5.5
148.4
6.0
127.5
5.9
136.0
6.4
136.6
5.5
127. 8
6.0
116.9
7.3
132.5
8.2
126.7
7.7
131. 0
6.1
128.4
6.6
128.3
7.4
155.7
7.7
168.7
7.6
142.1
6.1
118.0
4.2
102.9
4.9
86.6
1.5
21.0
1.1
19.0
.6
29.9
1.1
12.3
.8
21.5
.6
18.7
.4
40.5
1.5
18.9
1.0
25.2
2.2
31.6
.6
30. 0
1.9
20.9
1.3
22.6
1.8
20.8
.154
.161
.160
.162
,162
.161
.161
.147
.142
.142
.142
.142
1.43
1.42
90.5
99.6
104.1
100.5
85.1
116.0
103.6
101.3
128.3
110.9
86.2
90.3
87.8
74.0
448.0
277 8
170 2
6.6
9.9
1.20
1.14
23,590
14.1
i 3, 908 i 3, 624
13.1
12.8
mil. bu__ 3 3, 090 s 3, 246
31,709 3 ] , 784
On farms
do
3 1, 381 3 1, 463
Off farms ._
do
24.5
18.6
Exports, including meal and
flour
do
Prices, wholesale:
1.13
1.11
No. 3, yellow (Chicago)
$ per bu__
1.07
1.06
Weighted avg., 5 markets, all grades
do
mil bu
Stocks (domestic), end of quarter, total
On farms _ ~
Off farms
do -_
do
do
Exports, including oatmeal
Price, wholesale, No. 3; white (Chicago)
do
$perbu_.
Rlce:
Production (crop estimate) ..
mil. bags 9
California mills:
Receipts; domestic, rough
,
mil. lb__
Shipments from mills, milled rice-- _ __ do
Stocks, rough and cleaned (cleaned basis), end
of month
_
mil. Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. lb__
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil lb__
Exports
__ _ . do _
Price, wholesale, Nato, No. 2 (N.O.)
$ per lb__
3.3
6.0
5.3
9.9
215. 7
98.0
117.8
8.5
9.2
16.5
4123.0
4
47. 2
4
75. 8
10.2
4.7
5.3
1.48
1.42
1.46
1.40
1.43
1.37
1.47
1.42
1.41
1.35
1.39
1.33
1.34
1.28
1.26
1.21
1.22
1.18
1.19
1.14
1.16
1.09
1.13
1.07
1.20
1.13
14.1
13.6
11.9
13.2
12.7
14.7
14.9
14.8
14.8
14.2
15.7
13.9
15.3
23.8
32.3
4, 495
3 022
1,473
34.3
35.6
43.3
3 386
2 149
1,236
37.3
36.3
42.1
2,474
1 551
924
39.4
33.4
32.8
1,613
4
537
1,075
22.9
24.9
1.09
1.06
1.10
1.09
1.08
1.08
1.08
1.04
1.07
1.01
1.11
1.06
1.12
1.08
1.15
1.11
1.14
1.11
1.12
1.10
1.10
1.07
1.11
1.09
1.10
1.10
4
4
11,155 i 1,013
3
672
3595
3 77
3657
s 576
775
695
80
381
1.7
1.6
1.0
.71
5.67
.67
.71
(6)
154.6
i 53.6
100
'61
110
71
191
69
'95
95
' 167
78
100
104
135
102
338
231
317
209
1,565
240
826
148
.086
1,411
98
.089
845
163
.081
fi
1.07
1.06
2
2.9
5
9,314
P4.40
2 430. 8
333.7
179.4
154. 3
5.3
1,028
974
865
109
^ 277
^ 4 229
48
495
432
63
.3
.2
.2
.2
.2
4.6
6.4
2.2
5.1
5.0
2.6
.70
.65
.70
.72
.73
.69
.65
.64
,67
.65
174
109
r225
172
'162
110
121
110
100
68
73
80
74
37
68
53
57
43
177
39
126
133
107
119
92
90
56
67
45
35
111
486
253
242
285
169
264
228
296
100
282
54
222
25
212
30
187
22
207
437
179
1, 267
269
1,272
345
1,485
139
.090
1,378
255
.093
1,237
280
.095
1,102
186
.098
905
238
.098
732
231
.098
550
223
.098
391
183
.098
208
145
.096
321
86
.088
885
133
.088
1,383
185
r . 091
.72
263.6
Rye:
Production (crop estimate)
___mil. bu._ 133.1 127.3
Stocks (domestic), end of quarter, total
do
321.6 5320.9
19.3
Price, wholesale, No. 2 (Minneapolis) ...$ per bu—
1.13
1. 20
1.30
1.32
1.31
r
Revised.
» Preliminary.
2
i Crop estimate for the year.
Nov. 1 estimate of the 1962 crop.
s Quarterly average.
4
Old crop only; new crop not reported until beginning of new crop year (July for barley,
oats, rye, and wheat; Oct. for corn).
* Average based on months for which quotations are
available.
« No quotation.
6.03
1431.3 i 393. 4
Stocks (domestic), end of quarter, total
Oats:
Production (crop estimate)
119.1
78.7
10. 455
4 267
4.22
3311.1
3291.8
Stocks (domestic), end of quarter, total.. _do
3 166. 8 3 154. 0
On farms
do
3 144. 3 3 137. 8
Off farms
do
5.4
7.8
Exports including malt§
- do
Prices, wholesale (Minneapolis):
1.14
1.31
No. 2, malting
__
$ per bu__
1.23
1.06
No 3 straight
do
Corn:
Production (crop estimate grain only) mil bu
Grindings, wet process
do
346.6
r
2 38. 9
4 7 0
'^1 8
14.6
1.25
1. 31
1. 29
1.25
1.21
1.24
1.16
1.14
1.17
1.16
1.19
{Revisions f or 1960 a ppear in the Oct. 1961 SURVEY; those for Jan. -May 1961 are available
upon request,
cf Re visions or Jan. 1 955-Sept. 1960 are available upon request,
JExoludes a small am ount of pearl barley.
9 Bags of IOC Ib.
SUEVEY OF CURRENT BUSINESS
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1961
Monthly
average
December 1902
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution (Quarterly total)
3
On farms
Exports total Including flour Wheatonly
2
mil. bu__ il,357 i 1, 235
U58
1247
do
do __ 11,111 i 1,3 076
332
3 293
do
335
342
339
331
1 982
359
1,623
1,641
211
1, 430
4 i 304
4
102
2 OP>9
414
1, 655
1,095
2280
2815
1 , 822
do__ _ 3 3 318
1,504
31,854
3
305
31, 549
48.2
42.2
58.2
52.4
70.2
64.8
63.2
58.1
60.0
54.6
43.7
36.8
62.4
46.3
57.5
49.2
55.4
49.2
63.8
57.2
53. 3
48.1
43.3
37.7
46.0
40.6
49.1
44.4
34.7
30.1
2 21
2.02
51.95
2.17
2.28
2.04
« 1.97
2.25
2.40
2.08
1.87
2.36
2.42
2.12
(6)
2.40
2.44
2.14
(6)
2.42
2.46
2.09
1.99
2.37
2.45
2.11
2.05
2.40
2.44
2.12
(6)
2.39
2.46
2.13
(6)
2.41
2.50
2.17
(6)
2.43
2.50
2.19
2.12
2.33
2.52
2. 22
2.13
2.32
2.42
2.25
2.07
2.39
2.44
2.23
(6)
2.45
2.49
2.19
(6)
2.48
21 262
92.4
402
48, 560
21, 693
93.3
405
49, 333
23,063
95. 8
431
52,480
22, 933
100.0
430
52, 250
22,014
100.6
413
50,108
23, 515
97.7
440
53, 532
21, 738
99.5
405
49, 417
23, 165
95.1
430
52, 606
20, 421
87.8
378
46, 225
21,035
86.4
396
48, 021
20, 125
86.9
375
45, 677
20, 334
88.2
378
46, 130
23, 207
91.9
433
52, 865
21, 254
101.6
396
48, 371
23, 807
94.0
443
54, 165
3
4, 443
2,613
3 4, 703
2,511
2,344
2,176
4, 973
2,345
3,012
7,003
4,877
3,647
2,704
2,896
4 290
2,290
2,428
2,334
4,378
2, 045
2,023
5.322
4.992
5.520
5.166
5. 665
5.317
5.650
5.300
5.638
5.267
5.625
5. 267
5.650
5.267
5. 688
5.350
5.775
5.483
5.900
5.633
5.938
5. 683
6.113
5.817
6.175
5.933
"6.113
T
5. 850
P6.064
p5. 752
438
1,616
506
417
1, 664
1.221
528
511
1,817
1, 695
1,300
469
1,683
1 329
983
416
1,589
1,070
447
454
1,781
1, 326
368
362
1,468
968
279
461
1,649
1,013
334
383
1,522
1,130
421
398
1,766
1,134
432
342
1,718
997
270
367
1,765
1,167
259
434
1,870
1,288
592
424
1, 654
1,152
893
517
1,898
1,605
1,574
1, 254
25. 93
22.93
28.46
24.46
23.30
30.17
'•24.46
22.97
30.50
25. 44
23.03
30. 50
25.84
23. 06
32.00
25. 90
22.80
35. 50
26.04
23. 16
33. 50
26. 65
24. 56
35.50
26. SO
25.11
30.00
25.62
24.18
29.00
24.91
23.23
28.00
26.12
23. 75
27.00
27.88
23.91
27.50
29.63
25.21
27.50
29.29
25.38
^26. 51
29,89
25, 79
5, 513
5,469
1,586
6,223
1,802
6,327
1,830
5,738
1,623
6,098
1, 838
5,312
1,498
6,225
1, 623
5,672
1,680
5, 800
1,722
5,041
1,498
4.699
1,424
5,214
1,507
4,737
1,280
6,643
1,910
1, 819
15.50
16.71
16.79
15.94
16.32
16.66
16.24
15.97
15.66
15.25
16.23
17.24
17.68
18.46
16.69
16.34
15.3
16.6
16.3
16.7
17.0
17.4
17.1
16.5
15.6
14.9
15.6
16.2
17.1
17.5
16.1
17.3
1,170
291
1,253
553
253
1,412
714
557
1,213
551
224
1,124
429
127
1,375
577
205
1,177
441
127
1,227
445
131
1,173
467
100
1,197
527
189
1,062
411
183
1,170
470
151
1,254
528
293
1,272
589
425
1,472
676
523
454
19. 26
18. 26
17.07
14.99
16. 25
14. 20
16.00
13. 95
16.25
13.72
16.88
13.72
17. 50
14. 85
17.38
15. 38
17. 62
15.30
23. 50
21.75
21. 75
-16.00 « 16. 00
(6)
19. 50
20. 50
16. 40 « 16. 56
19. 00
15. 70
18. 75
15.82
2,066
2,116
2,314
2,269
2,120
2,312
1,953
2, 233
2,068
2, 261
2,087
2, 025
2,135
1, 895
2,423
525
87
63
460
77
80
397
93
89
486
114
97
485
58
78
482
74
99
497
71
72
552
73
136
579
82
91
585
86
80
512
119
98
444
81
99
400
71
145
359
75
130
'389
64
117
do
do
Prices, wholesale:
No 1, dark northern spring (Minneapolis)
$ perbu..
No 2 hard winter (Kansas City)
do
No 2 red winter (St Louis)
do
Weighted avg., 6 markets, all grades
do
WTie«t. flour:
Production:
Flour
thous. sacks (100 lb.)__
Operations percent of capacity
Offal
_thous. sh tons..
Grin dings of wheat
thous bu _
Stocks held by mills, end of quarter
thous. sacks (100 lb.)_.
Exnorts
clo
Prices, wholesale:
Spring, standard patents (Minneapolis)
$per 100 lb_.
Winter hard 95% patents (Kans. City) .-do.- _
4 I 9Q9
2.53
2.31
(6)
2.50
LIVESTOCK
Cattle and calves:
Sla Tighter (federally inspected) :
Calves
thous. animals. _
Cattle
-do
Shipments feeder to 8 corn-belt States
do __
Prices, wholesale:
Beef steers (Chicago)
- _ _$per!001b
Steers, stocker and feeder (Kansas C'ity)__do
Calves, vealers (Natl. Stockyards, Ill.)..-do-_IToes:
Slaughter (federally inspected) ...thous. animals..
Prices:
Wholesale, average, all grades (Chicago)
$per!001b._
Hog-corn price ratio (bu. of corn equal in value
t o l O O l b live hog)
Sheep and lambs:
Slaughter (federally inspected). ..thous. animals..
Receipts (salable) at 25 public markets!
do —
Shipments, feeder, to 8 corn-belt States
do...
Prices, wholesale:
Lambs average (Chicago)
$ per 100 Ib
Lambs, feeder, good and choice (Omaha) _do..-
0
MEATS
Total meats:
Production (carcass weight, leaf lard in), inspected
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
month
mil Ib
Exports (including lard)
- . . _do .
Imports (excluding lard)
do
Beef and veal:
1 , 005. 4 1,051.0 1, 136. 1 1,049.3
960. 5 1,110.1 1,075.3 1,081.4 1,120.8
999. 3 1,117.4
Production, inspected slaughter
do
927.6 1,038.7
173.4
175.5
182. 7
212.2
Stocks, cold storage, end of month
. do__
193. 6
180. 6
211.4
148.7
177. 6
170. 9
129.6
128.1
143.1
2.4
2.4
2.5
2.6
2.4
1.9
1.9
2.1
Exports __
do
2.0
2.3
2.6
2.4
1.9
40.9
55.4
63.2
69.9
Imports
do
52.7
61.4
64.8
97.4
49.3
51.4
69.1
73.2
113. 3
Price, wholesale, beef, fresh, steer carcasses, choice
.427
.451
.419
(000-700 Ibs.) (New York)
$perlb.
.428
.452
.450
.449
.455
.441
.444
.440
.443
.478
Lamb and mutton:
55.6
59.6
64. 2
56.9
61.0
53.8
67.7
Production, inspected slaughter
- mil. lb_
57.4
58.9
56.4
48.0
53.2
56.8
12.2
19.9
19.7
Stocks, cold storage, end of month
do
18.4
16.3
18.3
17.6
18.5
16.1
17.9
14.7
11.8
11.8
Pork (including lard), production, inspected slaughter
mil.lb. 1,005.3 1, 005. 0 1,113.7 1. 162. 4 1,067.3 1,127.3
966.0 1, 132. 8 1,049.7 1,094.1
963.3
890.1
957.8
Pork (excluding lard):
762. 4
763.1
890.0
850.7
Production, inspected slaughter.. _
do_.
872. 1
815. 8
739. 2
877.7
808.1
838. 5
731.4
740.5
680.5
271.1
203.4
136.4 * 153. 5
Stocks, cold storage, end of month
do
209.1
200.0
315.9
235. 5
279.7
338.5
295.1
233.6
182.1
5.8
5.7
5.6
6.5
Exports
do
5.5
4.5
3.8
4.3
4.6
5.2
7.3
5.4
6.3
14.3
14.5
16.6
Imports
do
16.8
15.8
16.2
17.4
14.6
19.2
19.1
17.8
16.4
16.4
Prices, wholesale:
.472
.471
.504
.462
Hams, smoked, composite
$ per IK.
.483
.499 7.490
.488
.495
.465
.467
.470
.493
.471
.479
. 506
Fresh loins, 8-12 Ib. average (New York). do
.452
.484
.467
.469
.450
.429
.425
.463
.503
.520
Lard :
176. 5
Production, inspected slaughter
mil. lb._ 177.3
191.7
197.5
186.8
183. 8
165. 0
176.0
185.3
186.1
158.2
168.8
153.3
119.0
Stocks, dry and cold storage, end of m o _ _ _ _ d o
120.8
90.4
89.3
101.6
103.4
104.5
110.1
109.2
123.3
103. 5
96.7
77.3
51.7
34.9
Exports
._- _
_ -do ___
42.4
34.4
64.5
13.6
40.4
33.6
38.0
24.8
50.5
38.2
34.5
1
.125
Price, wholesale, refined (Chicago)
$ per 1K_
.133
. 123
.124
.120
.118
.120
.125
.128
.123
.120
.120
.125
r
5
Revised.
v
Preliminary.
Average based on months for which quotations are available.
1
2
3
7
Crop estimate for the year.
Nov. 1 estimate of 1962 crop.
Quarterly average.
Beginning Feb. 1962, prices not strictly comparable with those
* Old crop only; new grain not reported until beginning of new crop year (July for wheat).
f Revised series.
° Choice only.
456
988. 3 1, 145. 1
150. 9 * 157.0 ""179." 4~
2.3
2.0
103.6
88.7
.502
.482
4.89
58. 2
10.2
67.3
'9.6
11.0
849.0 1,210.8
605. 0
138.5
3.6
14.4
936. 0
- 128. 3
5.1
18.7
168. 3
.493
.552
p. 491
.493
.402
131 1
201.2
73.1
72.7
33.6
20.9
.133 P . 137
6
No quotation.
for earlier periods,
December
SURVEY OF CURRENT BUSINESS
1!)62
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
s-29
1961
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production) t
mil. lb__
Stocks, cold storage (frozen), end of month
do
Turkeys
do
Price, in Georgia producing area, live broilers
$ per lb._
Eggs:
Production on farms _
mil casosO..
Stoeks, cold storage, end of month:
Shell
-.
thous. casesO__
Frozen
mil. Ib
Price, wholesale, extras, large (delivered; Chicago)
$ per doz__
512
593
827
736
523
478
388
456
481
580
573
572
667
»• 658
249
135
322
192
550
382
489
318
432
263
405
251
340
219
293
191
253
156
220
132
205
121
210
123
251
160
331
233
M48
' 340
38")
2li4
.162
.132
.113
.118
.148
. 155
.156
.154
.141
.135
.134
.139
.146
. 155
.13
9
. 131
14.2
14.3
13. 8
jo o
14.3
14.7
13.7
15.9
15.6
15.8
14.6
14.4
13 9
13 4
162
81
145
86
83
70
39
61
29
49
38
40
56
48
52
60
322
85
397
111
343
122
250
120
2?7
113
14.
0
'r 236
98
13. 9
474
111
.372
. 355
.393
.357
.335
. 356
.330
.310
.306
.269
.266
.280
.343
.416
.377
. 394
20.5
.286
28. 5
.227
10.3
.226
6.2
.245
11.1
.265
30.3
.225
22 3
.195
25.1
.213
35.7
.208
28 9
.224
37.0
.208
39 0
.205
22 9
.203
8.0
.200
10.0
.201
. 209
T
839
ir.o
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells) _
thous. Ig. tons..
Price, wholesale, Accra (New York)
$ per lb__
Coffee (green):
Inventories (roasters', importers', dealers'), end
of Quarter
thous bags of
Roastings (green weight), Quarterly total do
Imports
_
_ _- do__ _
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$ per lb__
Confectionery, manufacturers' sales
._ _ mil. $
Fish:
Stocks, cold storage, end of month
mil. Ib—
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons__
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
thous sh tons
Entries from off-shore, total 9 -do
Hawaii and Puerto Rico
do_ __
Deliveries, total
do
For domestic consumption
do
For export and livestock feed - _ _ d o __
Stocks, raw and refined, end of month. do
Exports
sh tons
Imports*
Raw sugar, total 9
__thous. sh. tons__
From Philippine Islands
do
Refined sugar, total. _
do
Prices (New York):
Raw- wholesale
Refined:
Retail §
Wholesale (excl. excise tax)
Tea, imports
13,108
i 5, 474
1
1
2, 815
5,882
3, 034
5, 573
3, 050
5,307
3,029
6.088
3 334
5 130
0
1. 838
770
1,8(56
719
1,934
797
1,608
577
2,141
1, 059
2, 295
1,017
2,312
862
1,836
683
1,865
638
2,032
731
1,550
523
1,679
580
1,991
693
.369
100
.363
103
.340
140
.341
131
.341
106
. 345
109
.345
104
. 345
110
.345
94
.350
79
.348
73
. 348
69
.348
95
. 340
141
191
184
207
207
197
179
154
123
125
137
157
185
206
218
2,640
3,142
2,725
1,245
1,262
843
1,248
1,968
2,468
2,458
2,458
1,374
934
609
449
256
2562
145
265
528
169
697
440
82
903
246
53
760
184
60
324
538
67
93
473
139
47
600
205
93
654
164
39
605
262
56
440
272
46
863
277
71
967
2r>6
192
679
1°9
528
100
778
772
6
1, 750
401
808
801
7
1.716
510
799
790
9
1,261
566
815
805
9
1,708
356
755
750
5
2, 195
443
625
618
7
2, 156
234
603
596
8
1,974
202
848
841
8
1, 735
134
706
696
10
1,740
194
833
824
9
1,624
225
960
952
8
1, 567
270
892
883
9
1,315
194
1 078
1 067
12
898
336
858
850
10
r
836
C
55
354
88
36
338
106
14
358
97
16
325
4
319
95
14
230
56
19
185
33
19
326
73
8
316
136
26
494
386
17
363
136
53
469
204
13
308
137
9
400
70
15
42';*
. ()«)()
074
725
2.075
569
. 340
144
r
2l9
90 1
;>8
17
$ perlb..
.063
.063
.062
.062
.064
.065
.064
.064
.065
.064
.065
.064
.066
.003
. 553
.087
. 570
.087
. 567
.084
. 555
.084
. 564
.086
.565
.086
.573
.088
.574
.088
.564
.089
.565
.089
. 565
.089
. 565
.089
566
089
569
090
v. 090
thous. Ib
9, 598
9,111
10, 644
10, 769
8, 659
11,202
9,378
10, 800
11, 782
12 747
8 019
11,303
10 24 )
10 825
10 7°5
192.8
204.6
233. 4
235.5
222. 4
221.3
214. 5
214.4
231.7
230 8
227.4
189. 0
242.9
991 O
253 4
114.9
116.9
112.8
119.3
122. 9
125.0
130.3
142.7
155. 8
177.9
217. 3
201. 1
199. 5
198.4
187.2
159.6
175.3
174.5
180.8
187.9
181.2
195. 1
235.8
228. 4
234 9
254 6
230. 9
206 1
191 9
191 °
Baking or frying fats (incl. shortening):
Production
mil. lb_.
Stocks (producers' and warehouse), end of month
mil. lb_.
Salad or cooking oils:
Production
do
Stocks (producers' and warehouse), end of month
mil. lb__
Margarine:
Production
do _ _ _
Stocks (producers' and warehouse), end of month
mil. lb_.
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)
_
$ per Ib
53. 6
154.0
152. 0
173.6
199.9
215. 6
206.9
223. 5
242. 4
254. 3
272.8
264. 1
253. 8
244. 0
240. 2
141.3
143.6
157. 3
147.0
147.8
159. 8
140. 6
142.9
135. 9
136.1
129.6
125. 9
140. 1
137 0
165 1
35.4
38.3
40.2
40.6
32.8
38.3
37.7
38.3
37.3
39.9
42.7
39.3
38.0
38 5
37.8
.268
.270
.270
.270
.270
.270
.270
.270
.270
'?58
.246
946
245
v . 24 f>
35.9
31.4
36.0
33.3
40.0
37.6
35. 5
26.1
37.5
29.6
39.3
36.0
35. 5
30. 5
33.3
28.6
40.8
32 9
36.7
28.4
33.4
29. 5
38.9
37.5
32.2
30 1
35.7
31 M
T
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
.mil. lb_.
Constimntion in end products.
do
Stocks (factory and warehouse), end of month
mil. Ib..
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products.
do.. _
Stocks (factory and warehouse), end of month
mil. lb_.
Fish and marine mammal oils:
Production
do
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil. lb._
29.4
24.6
25. 2
26.8
23.9
20.9
24.7
25.9
25.0
24.2
23. 5
26. 5
29.0
30.3
24.3
20.8
21.7
276.1
152. 7
296.2
144.8
306. 3
149.0
319. 7
155. 6
293. 9
147. 5
313.6
155.8
292.1
138.6
287.0
153. 3
274. 7
148. 4
305. 6
170.9
288. 5
164.3
274. 6
120.3
295. 4
166. 6
259 6
152.7
297 9
158. i
319. 3
369. 4
401. 0
397.8
408.5
410.1
393.1
425.0
412.3
358. 2
340.4
381.2
366. 0
364. 6
370. (i
17.4
9.0
20.8
9.3
14.3
8.3
10.2
8.7
11.2
8.3
.7
8.3
.4
7.9
3
8.4
4 9
8.3
51 8
9 3
45 1
7 6
32 5
7 8
93.4
123.4
176.4
159. 0
132.9
* Revised.
v Preliminary.
2
* Quarterly average.
Data from July 1960 forward reflect revisions to include nonquota purchase charges. Revisions for July 1960-July 1961: 428; 644; 500; 382; 262; 203; 675;
449; 347; 770; 766; 639; 610.
JRe visions for Jan.-Aug. 1960 are shown in the Oct. 1961 SURVEY.
31 1
90
39 0
r
r
-
230
pl.211
$per51b__
.$ per lb__
r
. 338
^
125. 6
114.7
98.3
101.7
130.2
166.7
148.2
149. 7 161.9
169. 8
0Cases of 30 dozen. tfBags of 132.276 Ib.
9 Includes data not shown separately, § Price for New York and Northeastt
Jersey.
AFor data on lard, see p. S-28.
.064
SURVEY OF CURRENT BUSINESS
S-30
December 1062
1
1860 | !9<>l
Unless otherwise stated, statistics through I960
and descriptive notes are shown In the 1961
edition of BUSINESS STATISTICS
Monthly
average
1961
Oct.
1962
N o v . j Doc.
Jan.
Fob.
Mar.
Apr.
"May | J u n e
j
July
Aug.
Sept.
Oct.
Xov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Vegetable oils (total crude and refined) :
Exports
mil. lb_. 142.8
Imports
_,
..do
43.9
Coconut oil:
Production:
41.3
Crude
do
Refined
do
33. 3
49. 4
Consumption in end products
do
Stocks, crude arid refined (factory and warehouse), end of month
mil. l b _ _ 2322.5
Imports
. do
13.0
Corn oil:
Production:
27.5
Crude
,
,
do ..
Refined
do
25.7
20.2
Consumption in end products
do. _.
Stocks, crude and refined (factory and ware35. 2
house), end of month
mil.lb_-
92. 6
47.2
108. 0
61.2
78.0
59. 7
79.0
51.9
111.1
62.3
105.0
37.4
82.6
49. 4
186. 1
53.9
141.0
51.0
215. 4
41.0
234. 3
38.6
162. 1
57.1
124.2
55.5
41.6
38 6
53.7
45.7
43 0
58.9
43.2
38 6
50.7
30 1
34 7
51.8
38 0
39 9
54.6
38 8
39 8
51.4
41 5
46 9
61.7
31 9
45 8
61.6
28 0
47 o
60. 0
(1)
45 5
62.1
35 6
36 0
49.3
30 1
48 5
64. 7
07 7
47 0
58.0
61.2
313.6
13.6
295. 3
22.2
308.1
20. 6
319. 3
18.6
307. 5
22. 0
291.8
7 6
285. 6
15 3
269.9
17 9
245. 0
19 0
218.8
16 0
220.6
15 5
209. 4
°6 1
206.1
15 5
203.2
^8 °
28.0
26 8
26'. 4
28.2
26. 5
31.5
28.3
26. 5
23.1
27.7
27.8
22.7
28 4
26.7
22.4
27.8
24.4
20.5
31. 5
26. 6
24.0
31.3
28.7
24.1
32 3
29. 5
26 7
32 0
26.8
28 9
30 3
28.4
07 i
33 3
34.8
32 1
29 6
28.9
°8 5
39 9
34. 6
25. 3
28.3
30.7
36.2
42.1
49.5
54.1
55 9
51 9
52 1
49 5
49 4
48 8
207.8
172.4
204. 0
108. 4
339. 6
96.7
342. 9
85.8
286. 8
81. 5
299. 1
84. 9
268. 5
113.6
242. 5
123.4
192. 1
1 56. 9
130.9
164.0
99.9
155 7
85.2
133 9
103 2
94 °
237. 9
r OQ 5
348 3
101 0
151 4
127. 1
106. 1
149. 5
125.5
110.7
255 1
161. 1
117.3
256 8
183. 5
125.4
'-MO 3
168 <)
9
117.5
19 1
160 9
1 09. 2
200 7
164 3
100 7
182 0
16? 0
117 9
146 3
142 9
121 5
98 °
117 4
119 2
74 q
91 4
107 8
72 8
98 0
107 6
113 3
104 1
147 6
I1 5 9
385.7
.151
335.8
. 186
245. 0
. 179
320. 4
.179
392. 0
.183
434.2
.183
488.7
. 181
477. 5
.179
513. 4
. 176
458. 4
.171
401. 5
. 169
324.4
165
270. 7
161
r 290 2
r
158
379. 5
[> 155
34. 0
30 1
39. 5
25 8
32. 1
24 8
33 3
27 1
33 4
25 4
30 6
39 q
31 7
34 8
23 3
35 4
20 9
36 0
14 3
35 1
07 i
31 8
44 8
31 ~
31 \
110.8
.131
103.0
. 142
98.3
. 152
117.0
. 152
128.4
.152
134. 9
. 152
140 6
. 152
137 0
.152
135. 3
. 152
121.2
.151
105 4
.147
79 3
.145
73 ^
.138
83 8
. 131
p. 126
762. 6
104.3
778. 4
147. 2
838.7
62. 4
888.0
62.9
895. 4
99. 3
946 7
101.4
841 1
89.2
889 1
91.2
840 3
96. 0
891 4
101.8
794 0
88.0
807 7
91 2
7QQ fl
79 Q
709 9
85 ' 1
911 S
68 3
366. 0
289.7
283. 8
370.2
299. 4
288. 7
396. 9
294. 6
309. 2
417.7
319. 2
302. 1
417.9
332. I
315.1
442.4
341. 5
323. 2
395. 0
312.1
304.0
422.7
351.7
347. 9
397.4
318. 1
340. 5
425. 4
352. 7
352. 1
376. 6
364. 9
378.7
383. 9
314. 5
337.0
379. 7
339.9
342. 8
334.4
318. 1
331. 7
428. 6
369. 0
365. 1
476. 5
.129
704. 5
.157
738. 0
. 149
802. 2
.146
859.6
.151
933. 3
.148
959 2
.145
956 4
. 142
924 6
. 141
930 4
.133
808 8
.128
763 3
.122
686 7
. 125
607 0
.123
580 0
p. 130
3
1,944
s 2. 058
5
4, 573
s 4, 580
41,741
13,870
90,316
14,048
69, 484
14.629
4,843
42, 893
10. 131
19. 756
15, 710
23.716
14.182
4,737
28,491
13, 773
30, 767
13, 945
14,442 14,429
16,098
13, 909
11,348
14.335
12, 880
14. 772
3,083
39,178
3, 296
40, 677
531
3,732
45, 361
605
3,342
42, 568
666
3, 063
33, 260
367
3. 299
41,114
490
3, 283
35. 836
432
14,148
14, 124
1,861
15, 010
1,872
13, 905
1,987
11,526
2,011
13.999
1,861
11,754
1,982
Cottonseed cake and meal:
Production
thous. sh. tons..
Stocks (at oil mills) , end of month
do
Cottonseed oil:
Production:
Crude
mil Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil. l b _ _
Price, wholesale (drums; N.Y.)
$perlb_.
Linseed oil:
Production crude (raw)
mil Ib
Consumption, in end products
do
Stocks, crude arid refined (factory and warehouse) ,
end of month
mil Ib
Price, wholesale (Minneapolis)
_ _ . $ per 11>__
Soybean cake and meal:^
Production
thous sh tons
Stocks (at oil mills), end of month.
do. _
Soybean oil:
Production:
Crude
..mil. lb_.
Re
fined
..do
Consumption in end products
...do
Stocks, crude and refined (factory and warehouse),
end of month
mil Ib
Price, wholesale (refined; N.Y.)
.._$ per l b _ _
TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers', end of quarter total
mil Ib
Exports, incl. scrap and stems
thous. lb_.
Imports, incl. scrap and stems
. _ do
Manufactured:
Production, total.
do
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
__
millions
Taxable
do
Cigars (large), taxable
do
Manufactured tobacco and snuff, taxable
thous. l b _ _
Exports, cigarettes
.
millions
30. 6
41,346
13, 257
543
1,685
H.r_
77 S
r
71.6 70.9
li 3
40 0
__*:
90 7
4 9 9QO
r
29,215
15,054
4.331
38, 835
12, 404
34, 625
12, 281
35, 009
14 193
77, 732
12 785
13,988
15,033
14.093
12,346
15 926
13 307
3, 528
42, 645
513
3, 225
38. 592
510
3, 725
45, 094
623
3, 537
41.294
535
3,208
39, 377
520
3, 625
47, 303
596
3, 245
40, 466
515
14, 085
2,097
13, 849
2,166
14. 647
1,880
14,200
2, 119
12, 766
1 902
15,031
2, 062
13, 332
2, 188 "l/217"
4 •':;"
45^7
1 i N30
6,367
177
574
7,179
212
637
7,194
139
594
7,357
201
611
7,844
148
808
7, 867
116
704
5,514
179
442
6,304
237
515
5, 677
212
452
6,957
184
572
7,939
180
605
7,518
116
690
8. 506
135
773
6, 746
217
582
6.843
171
581
5,886
2,308
1,605
5,357
2,325
1,228
5.139
1,923
1,115
4, 654
1,126
1,109
4,718
973
1,012
5,296
2, 330
1, 109
7,615
3, 122
1,601
9,111
5,853
1,463
6, 035
1,687
1,512
7,067
3. 386
1,202
5,991
2,782
1,278
4,921
1,115
5.172
2,070
1,375
3,979
1,159
913
4,398
2, 052
954
.561
.139
p . 631
v . 150
.675
.163
.650
.163
.675
.148
.700
. 138
.650
.113
. 650
. 158
.625
. 163
.575
.153
505
1,852
1.100
2, 421
472
1,999
1,211
2,806
513
1,882
1,241
2, 643
380
1,533
1.133
1,992
3. 5()o
2,499
3, 950
3. 387
LEATHER
Production:
581
558
Calf and whole kip.
thous. skins._
528
2, 020
1, 966
Cattle hide and side kip thous. hides and kips_. 1,831
1, 305
1,311
Goat and kid.
thous. skins.. 1,570
2, 835
2,954
2,540
Sheep and lamb
do
Exports:
5, 244
6,174
4,761
Glove and garment leather
thous. sq. ft__ 2,879
3,449
4, 291
3,744
4, 430
Upper and lining leather.
do
Prices, wholesale:
.703
Sole, bends, light, f.o.b. tannery
$ per lb_.
p . 707
.740
.733
Upper, chrome calf, B and C grades, f.o.b. tan1.387
1.412
1. 401
nery
$ per sq. ft._ 1.319
f
Revised.
* Preliminary.
i Not available. 2 Average based
on 9 months (Apr.-Dec.).
3
Crop estimate for the year. 4 Nov. 1 estimate of 1968 crop. * Quarterly average.
— -----
32. 4
°9 6
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. i.
Calf and kip skins
thous. skins__
Cattle hides
thous. hides..
Imports:
Value, total 9 ~
thous.:
Sheep and lamb skins
thous. pieces..
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9^/15 Ib
$perlb__
Hides, steer, heavy, native, over 53 Ib
do
"
. 675
.148
588
1,947
1,326
2, 462
510
1,893
1.049
2,570
489
1,913
1,133
2, 330
3. 438
3,153
3,163
2, 821
2,951
3,232
.625
168
537
1,994
967
452
1.795
1, 049
2, 435
2, 828
3,105
3, 09-S
2, 930
.710
.713
.717
.720
.680
.710
1.380
1.330
1.323
1.357
1. 350
1.337
IData formerly shown in mil. Ib.
9 Includes data for items not shown separately.
531
2, 090
1.334
2,855
^.710
1. 337
.-1.307
SURVEY OF CURRENT BUSINESS
December 1062
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1962
1961
1961
Monthly
average
S-31
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers :f
Production, total
thous. pairs. _ '50, 003 '49 442 '51 237 '49,251 '46,333 ' 55, 900 '53,037 '58,577 '51,975 '52,498 '49,507 '46,322 '59,295
Shoes, sandals, and play shoes, except athletic
thous. pairs. .' 42, 838 '42,303 r 40, 491 '39,115 ' 40, 029 ' 50, 025 '47,066 '51,497 '45,374 '44,465 '41,784 '39,833 '49,275
r 6 122 r Q 081 r 9 5gg
Slippers for housewear
do
r 9 026 ' 5 136' 4 930 ' 4 943 ' 5 811' 5 161r 6 615 ' 6 511' 5 550r 8 585
r
r 555
r 611
Athletic
_ _ _
do
r g06
584
553
'562
'584
'352
'575
'464
'709
'728
'588
r
r
Other footwear
do
459
'505
'628
'481
'466
'712
'587
'860
623
'504
'557
'560
'830
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
1957-59=100..
Women's oxfords, elk side upper, Goodyear
welt
.
1957-59 = 100.Women's pumps low-medium quality do
'48,935
'39,540
' 7 829
'499
' 1, 067
199
179
210
198
160
106
166
202
192
191
159
131
206
197
215
106.5
105.5
105 5
105 5
105.5
105.8
105.8
105.8
105.8
105 8
105.8
105 8
105 8
105.8
105. 1
108.0
109 3
108.1
110 2
108.3
110 4
108.3
111 0
108.3
111 1
108.3
111 1
108.3
110.9
108.3
111 0
108.3
ill.l
108.3
111 1
108.3
110 9
108 3
111 2
108 3
111 1
108.3
111 4
108.3
111 5
2 897
2 690
3 110
' 2 864 3 088
2 168
2 511
'2 277
2 995
2 931
r 2 673
563
' 505
' 2 168 2 368
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES*
National Lumber Manufacturers Association:
Production total
mil bd ft
Hardwoods
do
Softwoods
. _ do
2 617
2 205
2 752
3 106
2 219
1 892
1,923
2 555
'409
2 146
2 778
2 418
2 383
2,315
2 610
524
2,373
2 666
2 814
2 497
2 259
2 344
2 624
2 920
2 920
3 242
3 040
2 724
2 251
2 393
2 099
1 855
1 947
2 123
2 441
2 427
2 742
2 549
2 259
2 488
7,880
1 916
5, 964
7,912
1 897
6 015
7,809
1 804
6 005
7,883
1 797
6 086
7,828
1 706
6 122
7,539
1 606
5 933
7, 426
1 514
5 912
7,284
1 430
5 854
7,130
1 374
5, 756
6,989
1 370
5 619
6,872
1 405
5 467
6,805
1 462
5 343
6,158 ' 6 326 6,454
1 554 ' 1 636 1 720
4 604 ' 4 690 4,734
72
327
64
355
66
398
70
348
64
274
80
284
54
351
70
400
58
436
94
457
66
468
64
482
57
490
666
533
640
471
658
446
598
422
524
419
653
508
618
577
679
504
717
534
757
511
741
500
628
504
721
481
2 874
513
2 641
2,361
385
2,257
do
do
do
2 803
2 298
Stocks (gross), mill, end of month, total}, .do
Hardwoods
do
Softwoods
...
_
do
Shipments, total
Hardwoods
Softwoods
Exports, total sawmill products
Imports, total sawmill products
SOFTWOODS*
Douglas fir:
Orders new
Orders unfilled end of month
Production
Shipments
Stocks (gross) mill end of month
do
do
mil bd ft
do
do
do
do
Exports, total sawmill products
do
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd ft
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd ft
Southern pine:
Orders new
„
_
m'l bd. ft
Orders, unfilled, end of month
_ do
Production
do
Shipments
.
do
Stocks (gross), mill and concentration yards, end
of month
mil. bd. ft
Exports, total sawmill products
M bd ft
Sawed timber
_ do
Boards, planks, scantlings, etc
do
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59-100-.
Flooring, B and better, F. G., I" x 4", S. L.
1 957-59 =100_.
Western pine:
Orders, new.
mil. bd. ft__
Orders, unfilled, end of month
do
Production
do
Shipments
do.
Stocks (gross), mill, end of month .
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12" R. L. (6' and over)
$ per M bd. ft...
505
415
2 842
424
421
398
405
313
404
546
527
2 220
297
397
501
395
479
437
493
496
500
491
522
465
599
507
1 146
1, 126
1 082
1 114
588
565
626
573
706
732
677
688
727
780
1,096
1,122
1 131
1 105
1, 108
1 050
661
752
958
581
624
927
714
744
893
32
17
15
23
10
12
22
11
11
21
9
11
21
9
12
27
11
16
18
7
11
35
14
22
26
12
14
30
15
15
24
8
15
28
9
18
26
8
18
696
691
646
640
638
635
637
623
r 587
59
408
642
2,446
58
474
697
460
QQ4.
99
13
696
681
886
27
9
18
81 13
78.43
76 85
76 66
75. 53
75 23
76 18
77 88
78.46
79.03
78 90
81 29
U30 03
124. 21
121 74
121.74
121.92
120 18
119 98
120. 41
120. 41
120. 58
120 10
122 18
517
191
545
224
595
211
517
183
423
185
498
221
579
271
621
283
598
292
674
286
583
264
578
251
538
246
503
249
542
243
548
518
538
544
585
605
569
545
489
421
506
462
548
529
595
609
570
589
659
680
597
605
571
591
552
543
498
500
551
548
2,047
7,794
1,962
5, 833
2,087
5,827
1,342
4,486
2,010
5,500
4, 596
2,034
5,650
780
4,870
2,102
7,268
2,889
4,379
2,146
4,892
1,389
3.503
2,165
8,924
1,381
7,543
2,151
5,299
1, 700
3 599
2,132
6,777
1,634
5.143
2,111
9 398
4, 367
5 031
2,103
6,615
1,944
4,671
2,083
5 801
1,787
4 014
1,342
5,932
811
5,121
1 340
6 941
2 234
4 707
1,343
3,880
300
3,580
904
81.50
' 81 39p 79 62
123. 31 ' 124 73 ^125 59
99.0
92.7
93.3
93.2
92.7
93.7
93.6
94.1
94, 4
94.6
94.4
93.5
92.3
91 9
*91. 8
97.4
95.3
95.2
95.0
95.0
94.3
94.3
94.3
94.5
94.4
94.6
94.3
94.7
94 8
»95. 1
719
359
727
359
794
330
621
305
644
312
690
380
757
441
741
467
759
461
853
435
781
437
755
445
769
366
716
354
817
358
724
728
725
1,957
1,974
806
782
2,067
664
645
2,086
577
637
2,026
1,768
1,707
1,697
1,637
1,598
1,573
1,560
1,610
1 724
1,771
74.86
69.63
66.83
66. 03
65.74
64.61
65.69
67.38
70.91
71.49
69.59
69.08
67.76
'66 03
P 66. 25
3.4
34
7.0
2.3
9.7
2.5
2.6
6.1
3.0
3.0
3.5
6.2
67 3
46 9
63.5
68 2
68.9
80 9
46.3
77.9
81 6
64.6
69 8
43.6
66.2
69.7
59.4
66 6
38 0
77.2
75 0
59 9
747
513
621
636
697
705
715
705
765
839
878
755
780
734
747
898
840
841
727
871
813
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
mil. 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
r
3.2
3.1
2.9
11.6
11.3
10. 6
3.0
3.1
9.7
69 0
38.5
73.2
70.6
95.6
3.1
3.0
8.7
64.2
35.6
65.5
65.4
99.9
3.4
3.3
8.2
65 8
34.3
70.5
69.3
94.5
2.6
10.5
3.2
2.6
8.6
61. 1
31.5
68.4
66.0
94.8
2.2
10.0
2.8
2.6
9.1
49.6
27.3
55.3
54.8
84.7
v
J
Revised.
Preliminary.
Average for 9 months (Apr.-Dec.).
tRevisions for 1960-Sept. 1961 appear in Census report (M31A(61)-13).
t Data have recently been revised as follows: Production, shipments, and orders, back
2.9
10.5
3.0
2.3
9.8
57.9
35.5
60.6
53.7
100.4
2.6
10.8
2.6
2.4
3.0
11.1
2.8
2.6
2.7
11.0
2.4
2.6
10.0
10.2
10.0
65 5
43.8
57.7
57.2
98.3
65 4
49.3
64.4
62.7
96.9
66.6
51.1
57.2
63.6
88.4
4.0
11.3
4.6
11.6
35
9.0
3.0
4.0
8.2
72 7
49 9
66.8
74 6
80.7
68.9
47.6
66.1
70.9
74.8
2.8
3.2
11 0
2.7
10.1
9 7
2.9
30
6.0
to 1959; stocks, back to 1949. The figures through Sept. 1962, as shown here, do not reflect
these revisions; they will be shown, as space permits in the Jan. 1963 SURVEY.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
December 1962
1961
Oct.
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfs. and
ferroalloys) :
Exports total 9 d71
thous sh tons
Steel mill
products
do
Scrape?1 _ .
do
Imports, total 9 a"
Steel mill products c?
Scrap
.
__
do
do
do
865
248
598
1,018
166
810
959
208
713
861
193
630
750
212
504
652
180
445
550
169
357
549
153
377
551
149
385
740
150
560
620
158
445
470
140
313
704
214
461
904
204
676
532
142
380
340
280
15
329
262
21
423
335
32
504
357
34
350
292
24
377
332
22
321
282
17
392
340
16
370
325
16
509
413
13
475
364
19
520
395
66
505
375
15
374
285
15
406
325
20
5,315
3,206
2,109
5,361
8,651
6,151
3,658
2,493
5, 851
8,967
5,798
3,533
2,265
5,655
9,108
5,819
3,664
2, 155
6,190
8,741
6,214
3,941
2,273
6,531
8,456
6,230
3,811
2,419
6,183
8, 506
6,805
4,280
2, 525
6,777
8, 534
6,078
3,834
2,244
5,924
8,689
5, 547
3,419
2,128
5,167
9,068
4,938
3,058
1,880
4,862
9,196
4,325
2,640
1,685
4,243
9,276
36.64
35.00
39.09
38.00
33.10
34.00
34.10
36.00
37.67
39.00
36.25
38.00
31.98
33.00
30.18
32.00
26.14
28.00
24.13
26.00
24.59
26.00
26.86
29.00
5,983
6,033
2,151
7,898
9,413
3,071
5,022
7,393
2,218
3,711
1,660
1,970
3,911
1,687
1,777
3,514
1,465
1,588
4,016
1,546
2,061
4 590
3 509
2,718
9 482
10, 302
3,723
9,617
11,117
4,275
9,050
11, 039
4,041
9 061
9, 811
3,049
7 495
8 108
3, 536
7,759
8,143
11, 999
9,681
9,560
9,058
4,080
9, 532
3,230
10,316
3,139
9, 696
3,718
10, 623
5,084
9,621
13, 005
7,974
13, 564
6,758
12, 228
6, 670
82, 941
14,611
62, 472
5. 858
10, 543
6,764
654
86, 654
13, 997
66, 250
6,407
71
69
85
5 009
Iron and Steel Scrap
5,475
Production and receipts total
thous sh tons
3,300
Home scrap produced
_
do
2, 175
Purchased scrap received (net)
do
5,539
Consumption, total
do _
9,487
Stocks consumers' end of mo
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets) §_
$ per Ig. ton__ 32.95
33.00
Pittsburgh district
do _
Ore
Iron ore (operations in all U.S. districts):
7.320
ATine production cf
thous Ig tons
7,014
Shipments from mines cf1
do
Imports cf
_
do _ _ 2,882
U.S. and foreign ores and ore agglomerates:
9.396
Receipts at iron and steel plants
.
do
8, 522
Consumption at iron and steel plants
do
439
Exportsef
do
70,611
Stocks total end of mo cf
do
11,407
At imnesd"
_
do
53, 358
At furnace yards
do
5,846
At U S docks
do
82, 009
15, 952
59, 790
6,267
85, 748
12, 107
67, 556
6, 085
84, 148
9,755
68, 058
6,335
80, 548
11, 843
62, 605
6,100
75, 645
14,055
55, 572
6,018
70, 946
16, 107
49, 015
5,824
65, 985
18, 559
42, 110
5, 316
62, 070
19, 643
37, 573
4,854
66, 349
18, 820
42, 591
4,938
71. 914
17,326
49, 405
5,183
13, 457
5,965
1,222
77, 861
15, 364
56, 928
5,569
99
86
93
83
130
75
105
99
104
103
87
72
5,556
5,552
5,393
5,483
6,330
6, 327
6,105
6,051
6,400
6,425
6,833
6,996
6,421
6,576
7,106
7,198
6, 425
6,392
5,458
5,304
4,582
4,605
4,211
4,167
4,586
4 659
' 4, 757 P 4 825
3,471
3,250
3,057
3,147
3,183
3,101
2,961
2,949
3,079
3,276
3,345
3,443
' 3, 368 p 3 254
65.95
66.00
66.50
65.95
66.00
66. 50
65.95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66. 50
65. 95
66.00
66.50
65.95
66.00
66.50
65. 95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66.50
739
966
534
653
902
514
649
594
636
990
529
672
922
470
673
981
512
681
924
474
674
1,031
1,061
1,021
1,046
544
572
628
990
553
643
800
452
660
882
551
727
925
526
73
68
39
56
60
36
59
66
39
62
71
40
68
68
37
70
75
43
69
70
40
71
76
42
72
74
50
70
80
69
74
73
57
72
66
76
68
8,273
101.9
8, 168
100.9
9,173
111.2
8,746
109. 5
9,569
116.0
10, 353
125. 5
9,698
130.1
10, 584
128. 3
9,236
115. 7
7,536
91.3
6,692
83.8
6,174
74.8
7,098
86.0
7.251
90.8
231
116
89
153
101
78
156
108
82
156
109
83
169
115
88
200
119
93
198
126
100
189
149
112
206
130
102
190
136
107
172
127
101
176
97
75
173
111
87
167
104
80
317
106
79
274
99
73
282
111
84
282
110
82
308
104
78
340
114
85
356
118
83
345
132
103
331
122
92
311
123
94
299
122
94
302
97
72
--301
r
109
r
84
280
101
77
271
116
89
5,929
5,510
6,046
5,787
5,787
6,906
6,626
7,699
6,783
6,183
5,360
4,505
5, 402
5 125
194
351
430
54
824
522
205
91
623
249
453
1,947
531
875
5 579
Manganese (mn content) general imports cf do
412
550
362
66
131
79
41
362
625
853
' 4, 890 v 4
' 3, 046 v 2,
' 1, 845 P 1
' 4, 967 v E,
' 9, 199 *>8
836
708
987
721
026
887
' 26. 39 v 24. 36
27.00 v 25. 00
3,054
447
Pig Iron and Iron Products
Pig iron:
Production (excl. blast furnace production of ferroalloys)
thous sh tons
Consumption
do
Stocks (consumers' and suppliers'), end of mo.
thous sh. tons
Prices:
Composite
_
- $ per Ig. ton__
Basic (furnace)
do.
Foundry, No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons
Shipments, totaled do
For salec?
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons
Shipments, total
_
do
For sale
do
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
thous. sh. tons
Index
1957-59=100
Steel castings:
Orders, unfilled, for sale, end cf mo.*
thous. sh. tons...
Shipments, total
do
For sale, total
do
Steel forgings (for sale):
Orders, unfilled, end of mo
do
Shipments, total
do
Drop and upset
do
Steel products, net shipments:
Total Tall grades)
do
Semifinished products
_
do
Structural shapes (heavy), steel piling... do _ _ _
Plates
_
do
Rails and accessories .
do
Bars and tool steel, total
___do
Bars: Hot rolled (incl. light shapes)
do
Reinforcing
_
do
Cold
finished
do
Pipe and tubing
do
Wire and wire products
.do
Tin mill products
do
Sheets and strip (incl. electrical), total
do
Sheets: Hot rolled.
__ do
Cold rolled
do
Steel mill products, inventories, end of mo.:*
Consumers (manufacturers only)__mil. sh. tons...
Receipts during month
do
Consumption during month
do
Warehouses (merchant wholesalers)
do
Producing mills:
In process (ingots, semifinished, etc )
do
Finished (sheets, plates, bars, pipe, etc ) do
Steel, finished, composite price
$ per lb._
r
235
438
511
105
884
576
185
115
588
248
503
212
395
49o
70
839
532
204
98
589
253
510
287
426
567
61
938
594
228
108
632
282
430
260
403
608
56
904
586
200
110
495
244
405
707
174
137
506
260
614
289
392
612
102
986
682
159
136
534
261
548
276
402
648
94
1,028
563
325
473
720
136
1,164
823
179
152
657
313
691
704
262
434
639
113
698
211
130
660
302
532
220
431
567
106
980
624
226
122
663
295
564
2,356
1,048
2,417
2,147
2,423
2,411
2,564
3,080
2, 903
3,219
2,794
1,206
1,013
1,145
1,163
1,294
1,555
1,406
1,566
1,371
1,128
9.4
9.3
4.1
9.4
4.3
10.2
11.0
12.0
3.2
4 2
3.4
4 3
3.4
4 1
35
4 6
3. 6
12.4
4 9
4 5
36
12.1
4 2
7.6
6.6
8.3
7.0
8.5
7.3
8.5
7.5
7.9
7.5
7 6
7.5
7.1
7.0
.0698
.0698
.0698
.0698
.0698
.0698
.0698
666
585
639
3.1
.0698
.0698
.0698
637
Revised.
v Preliminary.
9 Includes data not shown separately,
cf Scattered revisions for 1959-61 are available upon request.
§ Effective Jan. 1961, the composite reflects new weights; prices beginning Jan. 1961
not comparable with earlier prices.
272
404
590
67
868
601
151
108
448
216
357
719
693
846
5.1
783
4.9
871
5.6
738
605
4.5
4 8
3 6
188
402
453
87
830
500
222
101
676
273
5879
1,86
504
822
177
351
381
70
701
413
204
78
600
209
506
1, 509
421
669
197
409
438
60
854
516
232
99
723
253
571
1,897
530
829
11.4
39
4 6
35
10.9
35
4 0
35
10.5
39
4 3
3 4
6 7
68
.0698
68
6 5
.0698
. 0698
6.6
6.5
9.9
37
4 3
65.95
p 66. 00
P 66. 50
r
7 781
94 3
r
63. OS
p7 845
"98 3
217
394
453
68
915
570
233
104
595
266
376
2, 297
622
1,077
9.2
r% 4
4 1
4 g
3 3
»-6 8
6 3
.0698
6 7
6 3
.0698
. 0^98
*New series (Bureau of the Census). Data for steel mill inventories represent industry
totals for the specified holders of steel mill shapes; stocks held by nonmanufacturing imlustrif s
are not shown. Consumers' operations include fabricating activities of steel producing
companies. For warehouses, data are derived from value of inventories.
SURVEY OF CURRENT BUSINESS
December 1902
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
S-33
1962
1961
Nov.
Oct.
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders new (net)
Shipments
Backlog end of year or mo
299
322
2,333
343
318
2.723
303
354
2,566
333
339
2,707
373
296
2,723
314
284
2,596
276
289
2,487
221
327
274
312
2,481
2,414
294
357
2,352
292
349
2,406
239
308
2, 357
289
367
2. 301
326
314
2 316
1,609
1,755
1,521
1,834
1,513
1,960
1, 451
1,846
1,510
1,607
1,491
1,887
1, 482
1,774
1,568
2,063
1 438
1,945
1 425
2,259
1 460
2 240
1 402
1 992
1,331
2,079
1 491
1 850
404
418
453
346
344
334
320
379
395
462
478
512
167.9
127.3
158.6
128.2
167.3
36.0
164.1
36.0
168. 0
36.0
170.1
41.0
157.7
43.0
177.4
48.0
173.7
50.0
184.2
52.0
179.1
52.0
184.1
41.0
168. 1
46.0
176.2
46.0
185. 2
12.7
3.1
23.7
16.6
4.1
10.7
22.8
18.4
4.8
9.4
20.0
11.8
Stocks, primary (at reduction plants), end of mo.
thous. sh. tons .
Price, primary ingot, 99.5% min
$ per lb._
185.3
.2600
258. 2
. 2546
255.6
.2400
Aluminum shipments:
Mill products and pier and ingot (net) i__mll. lb__
Mill products, total t
__.do._ _
Plate and sheet (excl foil)§
do
Castings!
.
do__
388.1
254.1
115.7
64.5
403.4
278. 8
124.4
63. 5
90.0
126. 6
93.4
33.1
23.0
thous. sh. tons..
do
do
Barrels and drums, steel, heavy types (for sale):
Orders unfilled end of mo
thous
Shipments
do
Cans (tin plate), shipments (metal consumed),
total for sale and own usej
thous. sh. tons
' 630
301
357
9
351
569
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous sh. tons
Estimated recovery from scrap _
_ _.do
Imports (general):
Metal and allovs, crude
- --do _ _ _
Plates sheets, etc
do
Exports, metal and alloys, crude
do
17.3
13.5
18.9
19.9
4.7
8.7
30.0
19.8
10.2
12.2
10.4
6.1
9.7
33.0
6.0
10.3
38.9
5.9
12.7
27.3
5.3
10.3
29.8
4.0
17.1
27.7
4 1
11.5
240.3
.2400
207.1
. 2400
198.4
. 2400
190.8
.2400
170.7
.2400
154.5
.2400
137.8
.2400
132.6
.2400
131.7
.2400
130. 8
.2400
148.3
. 2400
. 2400
440.8
294.2
127.3
72.6
446.3
298.3
129.9
70.8
435. 8
271. 3
115. 8
73.7
429.4
296. 9
133.9
79.8
429.0
292.2
134.3
73.6
516. 5
344. 1
159.0
81.2
474.1
315. 9
142.2
78.8
499.0
354. 3
160.4
83.3
506.6
347.5
158 8
77.4
449.2
320.4
144.3
60.7
' 443. 8
' 319. 9
137. 6
'74.3
433. 1
293. 3
126 4
74.5
97.1
129.2
98.4
30.8
21.9
104.6
129.8
101.9
27.9
21.9
104.4
130.4
104.3
26.1
23.1
103.2
131.1
100. 5
30.6
18.7
103. 0
134.7
103. 5
31.2
21.5
101.3
136.7
103. 7
33.0
18.0
109. 6
146.1
107.9
38.2
23.9
108.8
126 5
98.6
27 9
22.3
113.9
146. 1
109.3
36.8
24.9
102.8
145 8
109 1
36 7
25 2
91.5
124 5
90.9
33 6
21.0
93.8
r 89. 9
2 249. 3
2 186. 3
2 62. 9
246.8
106.1
132 3
101 4
30 9
25 8
43.8
11.9
38.4
5.6
43.6
12.3
47.7
36.0
50.2
32.3
54.1
6.2
16.9
59
64.6
5.3
41.4
69
47.0
81
2? 5
7.3
28.3
5 3
62 6
14 1
51.3
36.1
114.6
48.7
36.0
124. 0
32 2
25. 9
138.9
32.3
28.2
9
23. 1
20 0
p 146 1
174. 3
98.0
. 3205
187.7
105. 1
.2992
162.3
108.0
. 3060
r 194 4
7>212 0
Copper-base mill and foundry products, shipments
(quarterly avg. or total):
Copper mill (brass mill) products
mil Ib
Copper wire mill products®
do
Brass and bron/e foundry products
do
470
380
216
517
388
212
Load:
Production:
Mine recoverable lead©
thous sh tons
Secondary, estimated recoverable©
. do
20. 6
39. 2
21.8
37. 7
29. 3
85. 1
33. 7
85. f>
Coppor:
Production:
Mine, recoverable copper
thous. sh. tons..
Refinery primary
do
From domestic ores
do
From foreign ores
do
Secondary, recovered as refined
do
Imports (general):
Refined unrefined, scrap©!
do
Refined
do
Exports:
Refined, scrap, brass and bronze ingots*, do . __
Refined
__ __ __do __
Consumption, refined (by mills, etc.)__ _.do __
Stocks refined, end of mo , total
Fabricators'
Price, bars, electrolytic (N.Y.)
Imports (general), ore©, metalj
Consumption, total©
_
do
do
$ per Ib._
do.
do _
Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
(ABMS)
thous sh tons
Refiners' (primary), refined and antimonial
thous. sh. tons_.
Consumers'cf
do
Scrap (lead-base, purchased), all consumers
thous. sh. tons.
Price, common grade (N.Y.)
$perlb__
Tin:
Imports (for consumption) :
Ore©
_ _
Ig tons
Bars, pigs, etc t _ _ _
do._Estimated recovery from scrap, total©
do
As metal
do
Consumption, pig, total
do
Primary
_
_
do
Exports, incl. reexports (metal)
Stocks, pig (industrial), end of mo. . _.
Price, pig, Straits (N.Y.), prompt
r
5.4
r
37.1
93. 5
r
30.5
25.3
137. 1
53.4
46.9
115.2
37.6
31.9
134.7
38.4
31.7
125. 4
33.9
27.7
151.0
30.8
26.2
138.8
30.2
27.2
142.6
37.5
34 6
142 9
26.3
32.0
22 9
27.4
' 95. 8 r 137. 6
159. 1
102.9
. 3060
159.4
102.4
. 3060
150.5
92.0
. 3060
157. 5
98.9
. 3060
155. 9
102. 2
. 3060
142 4
96 8
.3060
153 3
98.4
. 3060
157 1
102 5
.3060
206 8
121. 1
.3060
6.9
581
414
233
21 3
42.2
9.0
6.2
532
r
5.3
3.4
4.7
>• 20 4
40.7
r
40. 6
90 0
r
r
204 2
105. 4
.3060
r 132.
r
104. 0
. 30(10
607
422
242
402
235
9
148. 1
P 100 4
. 3060
390
21.9
37 2
21 9
37. 1
24 0
35 5
24 0
36 6
21 3
31 8
16 6
35 7
T 14 9
37 3
1 4 '")
37 7
40 8
89. 7
39.2
96. 1
30. 6
85. 4
45.7
88.0
36 3
83 8
33 8
91 9
30 9
87 6
23 2
77.2
33 8
93 1
36 3
89 2
38 °
95 1
145. 1
100. 6
116 4
107. 6
100 6
90 7
93 6
93 0
88 3
95 i
94 3
96 5
87 4
87 7
205. 6
99. 1
193. 1
106. 6
204. 9
106. 5
208. 1
96. 1
207. 2
93. 7
200. 0
101.3
203. 6
104 3
199.7
106 7
193. 7
106 6
188.4
106 0
191.1
102 1
188. 4
99 4
179. 5
99 0
46.6
.1195
41.3
. 1087
42.8
. 1 100
39. 4
. 1020
38.6
. 1025
40.3
.1003
37.2
.0958
34.4
. 0950
33.9
.0950
35. 4
. 0950
36.5
. 0950
39.9
.0950
39.0
.0950
. 0950
. 0950
1, 169
3. 295
1, 840
250
6,710
4, 290
743
3,325
319
5, 030
2,005
240
6,895
4, 385
577
4,204
1,960
285
6,880
4,460
1, 346
3, 628
1,795
29
4, 625
1,930
1,038
1,818
1, 675
728
3, 457
1,795
1 005
2 383
1,820
235
6,710
4 735
530
2 784
1,630
270
5, 610
3 850
9 809
6, 970
4,690
622
4,315
1,920
265
7,230
5 170
242
4 042
7,440
4 750
670
4,247
1,890
245
7, 360
5 280
60
3, 347
r 1,810
6,150
4 175
3 910
36.3
38.1
10.1
250
6, 520
4,140
67
305
6,340
3,990
220
205
240
6,920
4 850
5
54
22, 630
1. 1327
43
49
25, 620
1. 2105
25, 055
1.2289
27, 028
1. 2098
25, 735
1. 2030
1
23, 710
1.2106
22, 805
1. 2308
22, 135
1. 2212
38.7
38.9
36.0
36.6
37.8
36.7
42.6
41.9
34 6
10.6
39 9
14.4
41 3
10.2
39 4
11 4
30 3
14.5
8.6
98
36 9
11 2
50 0
14 1
7.2
7 9
22.7
3
39 2
13 2
7 9
20.1
1
21
9
20, 510 20, 735 20, 225
1. 1719 1. 1302 1. 1145
43.6
54 5
9 2
. 3060
r 912
22.5
36.7
50
. 2400
r 535
T
19 8
34.8
7.4
7.6
8.7
8.1
7 4
16.1
19.6
19.8
14.9
18.2
r
Revised.
p Preliminary.
* Recoverable aluminum content. Monthly data are
expressed in metallic content (incl. alloying constituents); aluminum
content is about 93%
3
of metalic content.
2 Data are for Aug. and Sept. 1962.
Includes 3,000 tons of tin made
available
by
GSA
for
disposal
at
a
maximum
rate
of
200
tons
per
week
during
remainder of 1962.
4
Excludes consumption of copper-base scrap.
§ Effective
with the February 1962 SURVEY, figures for plate and sheet exclude shipments
5.0
158. 9
97.3
71
do
do __. 22, 750
$ p e r l b . _ 1.0140
Zinc:
Mine production, recoverable zinc
thous. sh. tons__
Imports (general):
Ores©t
do
Metal (slab, blocks)
do...
Consumption (recoverable zinc content) :
Ores© _
do
Scrap, all types
do
r
4.6
38.4
44.5
45 3
98
9
34 2
8 2
. 0995
o
5, 690
45
23
19, 695 399 100
1. 0846 1.0846
42.4
40
13 8
35. 4
r
110
1. 0876
41.9
46 9
40 0
11 5
39 7
11 7
1. 1078
7 5
86
78
78
7 7
16. 8
20. 8
21.8
'* 6*. 2
3L9
of foil; comparable data back to January 1954 are available upon request.
©Basic metal content.
} Scattered revisions for 1960-Feb. 1961 will be shown later.
d1 Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap.
©Revisions for Jan.-Sept. 1961 (thous. tons): Mine production, 23.3;
20.9; 24.7; 22.1; 22.9; 23.1; 19.6; 23.0; 20.8; consumption, 83.6; 79.6; 83.3; 78.2; 89.7; 86.5; 72.3;
20.1
91.2; 89.7.
18.2
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
I960 | 1961
Monthly
average
December 1902
1962
1961
Oct.
Nov.
Jan.
Deo.
Fob.
Mar.
Apr.
May
Juno
July
Aug. 1 Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous sn tons
Secondary (redistilled) production
do
Consumption fabricators'
do
Exports
do
Stocks, end of year or mo.:
Producers' at smelter (4ZI)
do
Consumers'
do
Price, prime Western (St. Louis)
$perlb._
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil sq ft radiation _
Stocks end of vear or mo
do
Oil burners:
Shipments
thous._
Stocks on d of vear or mo
do
Stoves and ranges, domestic cooking:
Shipments, total (excl. liquid-fuel types).. -do
Gascf
do
Stoves, domestic heating, shipments, total - do
Gasf
do. _.
Warm-air furnaces (forced-air and gravity air-flow),
shipments tota'f
thous _
Qr,s
do
Water heaters, gas, shipments
do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
TT
-i y
1
'
r
,1
"/TN
f]o
Foundry equipment (new) , new orders, net
rno. avg. shipments, 1947-49 = 100.,
Furnaces, industrial, new orders, net:
Floetrio processing
mil. $ _
Fuel-fired (exe for hot rolling steel)
do
66. 6
5.7
73.2
6.3
70.6
4.6
77.6
4.2
75.8
5.6
89.3
2.7
76.7
5.2
S3. 5
1.3
80.1
5.1
79.3
3.5
78.4
5.5
91.5
1. 1
74.4
4.9
85. 2
4.1
79.5
6.0
93.0
4.8
78.7
5. 1
86.4
6.5
78.9
4.1
91.1
2.5
68. 9
4.1
80.3
2.4
66.8
4.0
66.7
2.4
69.1
3.7
79.4
1.6
70.6
4.0
83 3
2.1
185. 9
68.9
. 1295
145. 5
93.8
. 1154
1 50. 1
71.3
. 1150
146.4
81.6
. 1150
151.2
90. 6
.1198
150. 3
86.9
.1200
144.7
86.6
.1200
138. 7
86.3
. 1200
144.6
83.9
.1150
145. 3
76.1
. 1150
117. 1
72.5
. 1150
162. 4
72.8
.1150
167.9
••68.7
.1150
168. 9
61.9
.1150
1.7
2.8
1.2
2.6
1.5
2.9
1.3
2.7
.9
2.6
1.1
2. 5
1.1
2.6
1.0
2.8
.6
3.2
.8
3.4
1.0
3. 4
.9
3.0
1.3
2.7
1.4
2.5
42.8
45.9
44.4
44.8
62. 4
41.8
46. 1
41.4
37.4
44.8
31.2
49.9
32. 3
52. 2
39.8
55. 6
28.8
62.8
36.4
64. 0
41.3
65. 4
31. 6
64.1
50.1
62.2
62.0
55.2
151.8
148.5
1 55. 8
152. 5
1 89. 7
184.9
164.6
i 59. 7
148. 6
146.5
149. 5
1 46. 7
157. 6
155.0
175. 6
172. 7
163. 2
159. 7
168. 3
165. 5
167.4
164.4
142.2
139. 3
182, 0
178.4
190. 1
186.0
154.7
100.9
145.8
88.1
290. 3
177. 5
167. 8
105. 5
84.4
45. 8
86.1
49. 6
79.8
42.1
117.9
78.6
84.7
44.8
110.4
54.6
138.0
88. 6
161.6
95. 4
T 277 2
' 154^0
251.9
150.0
104.8
78.9
208. 2
102.9
80.6
204. 7
152.4
114.3
214.6
99. 6
76. 6
193.7
85. 4
68. 7
213.2
86. 8
71.4
207. 7
81.0
65. 1
191.4
86.9
70.7
216. 0
90.5
75. 1
201.8
98. 7
81.6
195. 8
107. 2
88.5
232 2
111.8
89. 9
201. 2
134. 5
105. 2
226.1
154. 4
117.5
194.4
i 38. 5
i 21 . 5
!
40. 8
' 15.7
39. 7
16.9
41.5
13.6
46. 0
18.4
96. 9
1 06. 9
77.7
86. 8
153. 2
145.3
98. 5
163. 4
1 14. 3
1 S2. 5
324. 6
161.2
114. 1
116.6
1.3
2.9
1.0
2. 6
1.4
1.6
.8
2.6
.9
2.1
1.9
5.8
1.4
2.6
1.0
1.5
1.1
2.9
1.2
3.4
1.7
2. 1
1.2
3.9
1.2
1.6
1.0
1.6
1. 1
1.9
99. 2
103. 1
103. 4
89. 6
102.8
92. 6
91.3
81 . 3
97.0
82. 7
104.5
75.8
108.5
79.7
115.8
101.5
115.6
107. 5
131.3
107. 9
129. 4
118.7
110.2
111.2
104.7
119.2
109.8
109.4
535
533
492
560
568
524
517
420
528
506
527
503
2. 641
2. 368
2,681
2.525
2. 881
<• 39. 35
45. 75
39. 35
44. 35
34. 00
4.0
385
380
495
370
'>72
292
336
383
333
327
357
326
506
523
541
388
1 , 885
1, 639
1,987
1.031
981
1,328
1,278
2,185
2,180
Machine tools:
Metal cutting tools:
Orders, new (net), total
Domestic
Shipments, total
Domestic
Estimated backlog
mil. $..
do
do
do
months..
41.90
29. 35
42. 30
32. 85
4.4
46. 35
31.40
42. 30
28. 60
5. 0
47.30
51.95
39. 80
48. 10
32. 20
33. 50
57. 25
39. 55
4.8
44.65
42. 05
34. 30
43. 05
30. 65
4.8
33. 95
26. 30
42. 10
30. 15
4.7
44. 60
35. 30
55. 40
38. 65
4.4
43.70
34.45
48.70
3 5. 30
4.3
51.65
41.65
54. 60
36. 40
4. 1
50. 00
40. 25
60. 00
41.90
3. 9
46. 60
37. 45
39. 45
28. 95
4.0
38. 50
33. 20
39. 50
29. 65
4.1
mil. $
do
months..
1 2. 50
12.00
4.2
10.90
12.40
3.6
9.10
11.00
2.7
12.60
13.55
2.8
16. 70
10. 25
3.3
15. 15
11. 95
3.7
18. 75
12.00
4.4
16.20
11.65
5.0
11.95
12.10
5. 1
13.40
13.70
5.0
14.00
12. 50
5. 0
12. 50
11.40
5.1
28. 55
45.15
28. 35
5.7
12.95
11.00
2.9
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
1237.4
total?
mil. $.. 1252.2
1
67. 5
Tractors, tracklaying, total
do.. .
1
18.6
i
1
6.
2
Tractors wheel (con off-highwav)
do
Tractor 'shovel loaders, integral units only
i
55.
2
i
5M.
0
(wheel and tracklaying types)
mil. $..
Tractors, wheel (excl. garden and contractors'
1
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous__
Household electrical appliances:
Ranges (incl. built-ins), domestic and export
safest
__
thous
Refrigerators and home freezers, output^
1957-59 = 100..
Vacuum cleaners (standard type), sales billed
thous..
Washers, sales billed (dom. and export)©- do
Radio sets production §
do
Television sets (incl. combination), prod.§ do
Electron tubes and semiconductors, factorv sales
mil. $..
Insulating materials, sales billed, index
1947-49 = 100__
Motors and generators:
New orders, index, qtrly
do
New orders (gross):
Polyphase induction motors, 1-200 hp._mil. $__
D.C. motors and generators, 1-200 h p _ . . do
r
2
220.7
182. 0
44. 8
13. 5
' 325. 3
81.9
30. 8
61. 0
13.6
--31.60
' 43. 70
r 33. 70
4.0
' 10. 75 15.40
16.35
'9.45
4.8
'4.9
257.8
64. 0
21.4
46. 5
48.1
67. 8
59. 8
i 89. 4
107.4
79. 9
132.2
153. 1
97 1
U86.2
i 181.3
122. 3
219.1
237. 6
190 6
2, 194
2, 359
3.215
2,855
3, 010
1 24. 6
1 27. 5
122.3
130. 9
104. 5
107.0
110.2
109. 0
276. 1
272. 9
273.6
327. 6
321 . 9
300.8
278. 9
1,427.2 1,447.8
286. 2
2. 143
2,591
' 2, 979
156.7
132.5
137. 6
148.0
115. 1
129.9
154.4
135. 2
134.0
122. 7
144.7
116.9
75.6
123.0
114.3
290.7
282. 9
296. 0
247.3
334.9
236. 8
264. 2
301. 5
355. 1
389. 2
366. 0
337. 0
130.3
133.6
116.2
111.2
121.4
269. 9
252. 4
301. 0
263. 9
304. 5
289. 6
330.2
1, 776
334. 0
514. 8
620. 8
583. 0
580. 3
488. 9
82.6
'" 78. 5
80.0
79.5
76. 0
72. 9
73. 1
85. 9
137
134
150
149
157
154
1 60
185
i ]f)2
i 150
13.6
2.3
12. 3
2.3
11.1
1.7
12.3
•)
r}
265. 2
1,464.8 3 1,810.4 1,472.7
510. 6
541. 5 3 659.3
475. 7
12.1
2.8
155
1,444.1 3 1,721.9 1. 134.2
474. 6 3620.7
336. 4
77.0
80.0
61. 9
166
160
119
144
11.2
2.4
11.9
2.3
48 1
1.967
147.4
143
2
1.770
2, 466
1,796.4 1, 730. 8 331,845.2 1,350.6
221.4
1, 551
3,219
Revised.
' Quarterly average.
2 Data are for month shown.
Data cover 5 weeks.
cf Includes data for built-in gas fired oven-broiler units; shipments of cooking tops, not
included in figures above, totaled 34,700 units in So >t. 1962.
t Revisions for gas heating stoves (Jan.-June 1960.) and warm-air furnaces (.Tan.l959-June
1960) are available upon request.
©Beginning 1961, excludes new orders for gas-fired unit heaters and duct furnaces; revislons for 1960 arc shown in the Apr. 1962 SHRVEY.
*Revisions available back to 1954.
. 1 1 50
118.8
461
470
Farm machines and equipment (selected types),
154.2
.1150
37.4
15. 1
Material handling equipment (industrial) :
New orders index*
1957-59 = 100..
Shipments index*
_ do
Industrial trucks (electric), shipments:
Hand (motorized)
number. _
Ridor-tvpo
do
Industrial truck's and tractors (gasoline-powered),
shipments
number _
Metal forming tools:
Orders new (net)
Shipments
Estimated backlog
3.5
159.4
13.6
2.4
348.7
1 253 8 32,196.4 1 S35 9 1 732 0
570. 0
500. 7 3 731.5
497. 7
81.6
81.6
13.3
2.0
13.8
2.4
81.4
i
157
13. 1
2.5
140. 1
12.4
1.7 |
11.9
2.2
12.8
2.2
9 Includes data not shown separately.
{Revisions for 1960 appear in the Feb. 1962
SURVEY.
IJNote change in reference base; data prior to 1960 on 1957-59 base arc available
upon request,
OData exclude sales of combination washer-drier machines; such sales (incl. exports)
totaled 3,000 units in Oct. 1962.
§ Radio production comprises table, portable, auto, and clock models; television sets
exclude figures for color sets. Data for Dec. 1961 and Mar., June, and Sent. 1962 cover 5
weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
December 1902
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
S-35
1961
1961
Monthly
average
1962
Nov.
Oct.
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
Aug.
July
Sept.
Oct.
Nov.
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sli. tons..
Stocks in producers' yards, end of mo
do__
Exports
do
Prices:
Retail, stove, composite
$ per sh. ton..
Wholesale, chestnut, f o.b mine
do
Bituminous:
Production
_
_ thous sh. tons
Industrial consumption and retail deliveries,
total 9
thous. sh. tons__
Electric power utilities
do
Mfg 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 9
thous. sh. tons..
Electric power utilities
do
Mfg. and mining industries, total
do
Oven-coke plants
do
1,568 i 1,454
315
193
120
129
1, 603
297
141
1,501
276
224
1,376
233
200
1,806
193
192
1,519
159
98
1,509
149
178
1,254
156
53
1,315
193
1,336
217
159
904
195
195
1, 325
171
301
28.14
13. 347
28.24
13, 370
28.24
13. 370
28. 90
13. 930
29. 08
13. 930
29.10
13.930
29.10
13 930
28.88
11 998
28.14
11 998
27. 75
11 998
28 00
12 488
28.09
12 488
34, 626 !33,581
38 930
27.67
13. 948
119
1,190
159
173
r
r
39, 287
37, 078
35, 044
37,620
32, 970
36 170
34 100
36 720
37 390
99 040
33, 367
15.352
15, 052
7, 069
34, 018
15 734
15.396
6, 989
37, 290
17 007
16, 619
7. 391
39, 437
17 723
17, 120
7, 641
34, 475
15 443
15 490
7. 046
35, 775
16 17°
16 431
7,697
30, 8897
14 13
14 919
7 104
29, 852
15 134
13 828
6 437
28, 444
14 987
12 571
5 479
27. 9409 ' 30,9 070 29, 371
15 33 r 16 88 149 9995
11 579 rl2 236 I '>3
5 358
5 140
5 350
2, 534
2.311
2, 860
2,789
3, 645
4, 593
3, 541
3. 169
1 794
798
796
947
1 455
9 065
72, 333
48, 244
23,216
11,287
69,126
47,618
20,970
9, 680
72,612
50, 268
21,714
9,813
73, 851
50, 421
22, 808
10, 454
71,418
48, 609
22, 283
10, 393
G(>, 940
45, 298
21, 184
9,779
64, 523
43, 596
20. 521
9, 408
63, 222
42, 194
20. 726
9, 405
64. 185
43 171
20.718
9 431
66, 402
44 965
21,039
9 666
69. 327
46 782
22, 079
10 355
06. 098
45 153
20! 468
8 257
68. 489
47 340
20,619
8 277
70. 233
49 974
2(l[ 4379
8 17
34 110
40 270
"~
693
538
630
022
526
458
406
302
296
398
466
477
530
599
2. 915
3,716
3,202
2. 565
1,900
2,421
2, 426
2,854
3, 788
3, 530
3. 087
4, 165
3, 949
17.06
17.12
17.29
17.33
17.33
17. 45
17.45
17.45
17.43
16.97
16.89
16. 95
17. 00
17. 31
17. 5.5
5.164 36.018
7. 541
7.690
5.016
7. 590
5. 013
7. 690
5.013
7. 690
5. 016
7.717
5.018
7. 717
5.018
7.700
4. 932
4 7 309
4. 932
7 164
4 914
7 179
4 914
7 971
4.914
7 300
r
4.914
7 539
"4 914
f 7 608
thous. sh. tons
do
do
84
4,685
1, 000
573
5 4, 236
1, 256
81
4,864
1,292
75
4,822
1,270
78
5 091
1, 334
100
5 274
1, 319
92
4 868
1,218
94
5 155
1,338
76
4 928
1 170
3 788
1 392
42
3 5 59
l' 339
48
3 6()9
1 369
5')
4 453
1.337
r 3 092
62
3 853
do
do
do
do..
do
e 4, 152
e 2, 947
1,205
1,159
29
4,398
3, 030
1, 369
1, 004
37
4,035
2,764
1,271
1,081
35
4,024
2 796
1,228
1, 068
4, 032
2 820
1,212
1, 063
45
3, 860
2 679
1,181
1,062
23
3 761
2 614
1,147
1, 053
16
3 637
2 501
1, 136
1,071
22
3 651
2 507
1 144
1 031
39
3 774
9 Q23
1 150
1 014
3 839
^ 597
1 135
1 012
3 978
2 838
1 141
1 048
34
4 065 r 4 174
2 ^7 1 3 094
1 094 r 1 Q79
1 010
] 044
66
65
Crude petroleum :
1,874
Oil wells completed
.
number
2.97
Price at wells (Okla.-Kansas)
$ per bbl__
Runs to stills..
__
mil. bbl_. 246.0
83
Refinery operating ratio
% of capacity..
1,821
2.97
248.9
82
1,859
2.97
253.5
82
2,031
2.97
246.1
1 956
2.97
258.9
84
1 996
2.97
265.3
86
1 553
2.97
242.0
86
1 540
2.97
254. 0
82
1 597
2.97
243 0
81
2 126
2.97
256 3
1 732
2.97
258 8
1 711
2.97
9f)4 4
85
2 028
2.97
269 5
85
do
COKE
Production:
Beehive
._
Oven (bvproduct)
Petroleum coke§
Stocks, end of month:
Oven-coke plants, total _
At furnace plants
At merchant plants
Petroleum coke
Exports _
39
4
57
28
53
31
37 000
_
3,045
Retail dealers
Exports
.
do
Prices:
Retail, composite
$ per sh. ton..
Wholesale:
Screenings, indust. use, f.o.b. mine
do
Domestic, large sizes, f.o.b. mine
do
1, 660
28.11
29 06
!2 978 Pl2 978
131,200
14, 909
113,856
1
6, 157
231,702
2 14, 490
2 14, 425
26,751
' 1, 525
124
228
3, 993
1 302
4 1 26
3 084
1 043
38
PETROLEUM AND PRODUCTS
All oils, supply, demand, and stocks:!
New supply, total
mil. bbl
Production:
Crude petroleum
do
Natural-gas liquids, benzol, etc
__do_Imports:
Crude petroleum
do...
Refined products
_do
Change in stocks, all oils (decrease,—)
do
Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, tota!9
Gasoline
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
_
Lubricants
Asphalt
Liquefied gases
Stocks, end of month, total!
Crude petroleum
Natural-gas liquids
Refined products'!
...do..
.do
do
do
do
do.,
do
do
do
298.3
' 306. 9 r 308. 6
r
303. 1
r
86
320 2
335 2
297 8
326 3
311 2
312 6
305 4
313 7
319 5
311 4
218.5
'30.2
220.9
'30.6
214.6
'31.2
226.6
'32.6
227.8
31.9
209.1
29.2
228. 7
32.0
221 7
30 3
223 0
30.4
217 7
29 1
°24 0
31 0
224 2
30 4
219 g
30 2
31.0
24.4
-2.5
31.8
'26. 5
3.4
33.6
30.1
' 23. 5 '27.2
12.6 -12.9
29.2
'31.8
-28.3
36 3
39.3
-37.1
31 6
27.9
-13.1
31 8
33.9
-10.8
32 2
26 9
19.8
34 2
25 1
14.6
33 8
24 7
14 1
35 9
22 8
17 6
40 3
04 5
17 3
348. 5
372.3
310 9
337 0
291 5
298 0
291 3
2% 2
302 2
.1
4.7
367. 5
121 4
21.1
1
5.0
305. 8
109 9
16.0
2
4.6
332. 2
130 4
15.0
1
4.9
286. 4
129 5
10 6
3
m
4.8
286. 5
9
5.2
292. 5
140 7
9 0
2
5.0
291.0
5.2
296. 8
1
5.7
284.5
9 2
10 9
10 6
12 0
82 4
50 4
7 3
75 6
55 6
q 6
53 7
40 5
8 9
44 6
38 6
10 0
in n
34 5
10 4
•jo 7
OC
300.8
r
303. 6 ' 296. 0 ' 316. 0
r
.3
.3
.2
.4
.3
5.9
5.0
'5. 1
5.0
4.7
294.6 'r 298. 3 *T 290. 7 ' 310. 6 ' 343. 6
126 0 T127 8 r128 9 r 128 5 r 125 f)
11.0
12.0
12. 2 '13.9
17.8
r
'57. 1
46.6
8.6
57.9
'45.7
8.7
r
3.6
8.7
18.9
do
do
do
do
790.2
248.0
28.4
513. 9
* 814. 3
249.4
35.9
8
529. 0
126. 9
11
r
188. 9
12.7
r
3. 5
9.0
19.5
127. 7
r
' 48 1 r 64 2
M2. 9 * 48 9
8.4
8.4
r
55 6
86
101 1
63 9
9 5
3.8
' 12.6
' 19.7
35
7.6
'21.9
31
39
'26.7
3.5
3 4
29. 6
35
36
20.8
3 6
4 8
22.7
38
6 9
18.4
4 0
11 2
17.8
37
13 8
17.5
866.2
251. 1
44.2
570. 9
853.3
248.7
41.7
563. 0
825. 1
2417
37.1
543. 3
788. 0
242. 4
29. 9
515. 7
774.9
240.2
30.0
504. 7
764. 1
245. 6
30.2
488. 2
783.9
255. 9
32.8
495. 2
798. 4
255.7
35. 3
507. 4
130.7
* 128. 3
132.8
118.9
1 29. \)
123. 0
900 4
a
r 87 8
' 133. 8
34 4
72
21 1
9
29o 3
()
oo (j
8 7
10 1
11 6
0
14 9
19.0
3 8
17 2
18.4
13 3
19.5
812. 5
247. 7
37.3
527. 4
830. 1
242. 4
39.1
548. 6
847. 4
243. 6
40. 3
563. 5
868. 4
244. 2
40. 4
583. 9
131.9
132. 7
i:39. 7
.6
136. ()
.s
132. 5
.8
192 4
i o r. K
C
P 2. 97
..::::::
189. 5
13.3
173 9
13. 1
174 0
12.8
184 2
11.7
195 6
(9)
905 7
.116
.117
.095
.105
.115
.110
. 008
. 090
. 11 5
. 115
.120
. 120
. 120
. 120
p. 120
. 210
.205
.201
.205
.204
. 204
. 198
. 198
. 195
. 198
.198
.202
.216
. 209
.207
Revised.
p Preliminary.
1
Revisions for Jan.-June 1961 will be shown later.
2
Revisions for Jan.-Sept. 1960 appear in the Dec. 1961 SURVEY.
34 Monthly average based on Apr.-Dec. data.
Data beginning April 1962 are not entirely comparable with earlier data; March 1962
prices
comparable with later data: Screenings, $4.932; domestic, $7.882.
5
Revisions for .Tan.-May 1961 will be shown later.
6
Revisions for Jan.-Aug. 1960 appear in the Nov. 1961 SUBVEY. 7 Less than 50,000 bbls.
8
See note marked " V'«
83
214.6
28.4
do
do
do
Refined petroleum products: J
Gasoline (incl. aviation):
Production
_
do
Export^
do
Stocks, end of month:
Finished gasoline
do
Unfinished gasoline. _
do
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal__
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal__
82
1 4C)9
2. 97
52 7
84
9
s
9
06 0
Beginning January 1962, data for unfinished gasoline are no longer shown separately
but are included with unfinished oils.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
J Minor revisions for Jan. 1959-Sept. 1961 for various items will be shown Inter
1 Beginning Jan. 1961, data for the indicated items include stocks formerly excluded.
Dec. 1960 data on revised basis may be derived by adding to the published totals and individual stocks the following amounts (thous. bbls.): Jet fuel held by pipeline companies,
414; bulk terminal stocks—lubricants, 2,429; asphalt, 2,849; miscellaneous oils, 131.
SURVEY OF CURRENT BUSINESS
S-36
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
December 1962
1961
Monthly
average
1962
Nov.
Oct.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued!
Aviation gasoline:
9.5
Production
mil. bbl
'9 9
.8
.6
Exports
do
13.5
11.7
Stocks end of month
do
Kerosene:
11.3 '! 11.9
Production
do _ _
28.7
31.0
Stocks, end of month
- do
Price, wholesale, bulk lots (N.Y. Harbor)
2
.104
.109
$ per gal—
Distillate fuel oil:
55.6 r i 58 1
Production
mil bbl
1.1
' 1.4
Imports
do
.8
.6
Exports
do_ -127.9 127.6
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gaL- .094 2.099
Residual fuel oil:
26.3
Production
mil. bbl _ 27.7
19.4 '20.3
Imports
- - do
1.5
1.2
Exports
do
45.8
45.1
Stocks, end' of month
do
1.69
1.58
Price, wholesale (Okla., No. 6)
$ per bbl__
Jet fuel (military grade only) :
7.4 ' J38 . 0
Production
mil. bbl__
6.6
7. 6
Stocks, end of month
. _
do
Lubricants:
4.9
4.9
Production
do
1.4
1.3
Exports
do
9.4 3 12. 7
Stocks end of month
__.
do __
Price, wholesale, bright stock (midcontinent,
.260
.257
f o b Tulsa)
- - $ per gal- .
Asphalt:
8.2
8.5
Production
mil. bbl_12.8 3 16.0
Stocks end of month
do
Liquefied petroleum gases:
6.5
6.6
Production
do
12.7 '13.3
Transfers from gasoline plants
do -_.
Stocks (at plants, terminals, underground, and
34.4
24.2
at refineries) end of mo
mil bbl
Asphalt and tar products, shipments:
Asphalt roofing total
thous. squares. _
Roll roofing and cap sheet
do
Shingles all types
do
\sphalt Aiding
Insulated sidin01
Saturated felts
do
do
thous. sh tons..
'10 1
'.4
11.3
'13 3
37.3
r
'9 3
.8
11.1
' 10 3
.2
11 6
12 6
36.2
' 13 8 ' 14 6
32.4
26.4
.108
.113
59 9
59 5
' 1 3 '1 5
.6
' .8
174.2
177.9
r 63 g
.108
'2 5
.7
152 0
9 2
.3
10 9
9 2
.3
11 3
14.7
25.3
r
99
.1
11 2
9 7
4
10 6
11 1
.2
10 3
10 8
5
10 6
10 3
.5
10 2
12 8
23. 3
11 1
24 2
11 4
27.3
11 5
30 1
' 13 3
33 2
T
11 0
.5
98
10 4
.6
10 1
I* 6
35.7
12 4
36.7
.113
.110
.104
.104
.099
.099
.099
.099
' 68 5 61 2
.6
2 3
.7
.8
121 0
100.0
62 1
7
.9
86 5
r 54 4
15
5
88 3
57 5
15
.4
102 3
58 5
10
3
121 5
r 59 4
7
.4
140 6
59 0
5
.5
163 0
58 2
10
.9
176 2
.113
p. 099
.098
.098
.103
.103
.103
.100
.094
.091
.086
.086
.086
.036
P. 086
25.1
'17.3
1.2
49.0
1.45
25.7
'21.6
1.0
46.7
1.45
30 0
'24.8
13
44.9
1.55
30 4
31.0
12
41.6
1.55
26.5
22.9
1.6
39.5
1.65
26 9
27.5
1 4
37.1
1.65
22 9
20.4
10
39 3
1.65
23 3
18.2
15
41.0
1.55
2? 9
16 8
8
44 9
.155
23 2
17.0
10
50.7
.155
22 9
16.3
11
54.1
1.55
23.1
17.8
.8
56.5
1.55
Pl.55
'7 6
7.7
82
7.8
'8 6
8.3
7.6
8.1
7.1
8.1
'8 7
8.3
'8 7
8.5
'9 3
8.3
'9 1
82
'8 5
8.1
9.7
8.7
8.8
8.4
5.1
1.4
12.3
5.0
1.5
12.3
4.9
1.2
12.9
5.0
1.3
13.1
4.7
.9
13.4
5.0
1.2
13.6
5.3
18
13.3
5.0
1.7
12.7
5.1
15
12 5
5.3
16
12.5
5.0
1.5
12.2
5.3
1.9
12.2
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
10.5
10.5
7.6
10.9
5.8
13.0
4.8
14.7
5.1
16. 6
7.0
19.0
8.5
20 8
11.3
21.3
11.7
19 9
12.7
18 4
12.7
14.4
11.8
13.6
6.3
'13.8
6.6
' 15. 7
7.1
'19.3
6.5
22.4
6.0
14.6
6.7
15.8
63
12.5
6.7
12.0
6 5
11.7
6.7
12.6
6. 3
12.2
6.2
13.6
44.0
41.9
36.4
28.2
27.7
27.7
30 4
33 5
35 8
37 6
39 4
39.5
6,964
6,421
4,997
1,813
3,184
5,131
1,778
3,352
7,072
2,450
4,622
4,435
1, 558
2,876
3,310
1,219
2,092
5,119
1,771
3,348
2,531
903
1,628
5,814
1, 584
4,229
4.396
1.641
2.755
5, 181
1,685
3 316
6, 250
2,140
4,110
6,289
2,262
4,027
4.463
2,501
2,428
3,993
73
94
82
71
85
77
103
112
104
82
70
73
52
43
63
75
32
97
36
38
48
62
59
78
50
79
83
58
102
87
61
99
94
68
99
89
83
116
97
83
100
90
». 260
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts,.
_
Consumption
Stocks end of month
thous. cords (128 cu. ft.).. 3,448
3,374
do
5,483
do
3,465
3,516
5,769
3, 855
3, 851
5 820
3,498
3,731
5 521
3, 258
3, 379
5 495
3,573
3,677
5 270
3,793
3,578
5 522
3,830
3,834
5 493
3, 353
3,689
5 116
3,694
3,894
4 915
3,697
3 373
4 852
3,503
3,344
5 002
4,197
3,870
5,321
3,480
3,500
' 5,314
3, 945
3, 867
5 389
753
550
751
517
816
498
770
509
710
562
780
494
729
481
795
479
760
496
777
493
762
494
672
507
778
493
738
476
793
505
2,110
95
1,216
215
2 210
100
1, 285
214
2 415
118
1,414
230
2 363
106
1 402
226
2 093
106
1,201
206
2 273
113
1,339
222
2 234
102
1,334
212
2 410
119
1 413
290
2 345
105
1, 368
221
2 464
111
1 447
223
2 368
106
1 390
215
2, 118
86
1,242
193
2,471
110
1,452
226
2,237
98
1,302
195
2 465
106
1, 426
239
do
do
do
274
100
209
267
102
242
282
116
256
274
105
251
257
89
234
274
99
226
275
93
218
289
110
260
275
110
265
295
116
272
288
112
258
260
101
237
295
114
273
270
105
268
297
115
282
do _..
do
do
do
902
299
529
74
899
326
509
64
879
317
506
55
879
305
509
65
867
292
506
68
836
280
491
64
837
284
488
66
882
298
511
72
872
295
504
73
898
324
499
75
904
329
500
75
881
297
511
73
916
321
522
74
873
290
513
69
870
297
508
72
Export^ all grades total
Dissolving and special alpha
All other
—
-
do
do
do ._
95
34
61
98
36
62
94
38
56
95
43
53
98
40
58
85
34
51
99
47
52
83
32
51
87
38
49
113
45
67
106
35
72
96
38
58
101
49
52
100
35
65
81
32
48
Imports all grades total
Dissolving and special alpha
All other
do
do
do
198
15
184
206
13
192
225
17
207
231
14
217
210
12
198
219
16
203
238
18
220
233
25
208
234
28
207
231
21
210
241
23
218
209
23
186
242
23
219
223
21
202
264
25
238
Waste paper:
Consumption
Stocks, end of month
thous sh. tons
_ do _.
WOOD PULP
Production:
Total all grades
thous sh tons
Dissolving and special alpha
do
Sulfate
do
Sulfite
do
Groundwood
_ _
Defibrated or exploded
Soda, semichem., screenings, etc _
Stocks, end of month:
Total, all mills
Pulp mills
Paper and board mills _
Nonpaper mills
_
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
3,127
2,843 3,139 3,013 3,277 3,139 3,278 3,180 2,838 3,298 ' 3, 059 3, 323
Paper and board, total
thous. sh. tons.. 2,870 2,965 3,290
1,441
1,440
1,216
1,404 ' 1, 321 1,444
1,355
1, 395
1,396
1,370
1,312 1,446
1,326
1,305
1,283
Paper
do
1,342
1,534
1,555
1,370
1,493 1,303
1,431
1,546
1,572 ' 1, 442
1,476
1,458
1, 514
1,306
1,528
Paperboard
do
11
11
11
11
11
8
12
12
12
13
10
12
11
12
15
'Wet-machine board
do
272
311
224
245
277
293
284
270
305
274
266
268
257
'285
312
Construction paper and board
...do
2 Prices beginning Jan. 1961 not strictly comparable with earlier data.
' Revised. » Preliminary.
3
* Beginning January 1961, data include production from natural-gas liquids (formerly
See note marked" f" on p. S-35.
classified as transfers from gasoline plants). Revisions for Jan.-Sept. 1961 (mil. bbl.): KeroJSee similar note on p. S-35.
sene, 140; 122; 12.8; 10.6; 10.0; 9.5; 11.2; 11.4; 11.4; distillate, 64.5; 63.3; 56.0; 49.9; 52.9; 52.5;
58.3; 61.3; 54.6; jet fuel, 6.8; 6.7; 8.9; 8.0; 8.4; 7.5; 8.2; 8.9; 8.0.
SUEVEY OF CURRENT BUSINESS
December 1962
Unless otherwise stated, statistics through 1960
and descriotive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
S-37
1962
1961
Monthly
average
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
June
Sept.
Aug.
Oct.
Nov.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, exc. building paper, newsprint, and paperboard (American Paper and Pulp Assoc.):
Orders new9t
thous sh. tons
Orders unfilled end of month 9 J
do
926
682
959
653
1,064
691
978
639
948
644
1 061
697
967
722
1 079
729
991
711
1,118
922
1,141
941
1,264
1,024
1,180
974
1,144
958
1,215
988
1,158
953
1,263
1 054
1,227
1,001
1,260
1 039
1,191
983
1 022
667
972
638
fr 906
683
'978
r
673
1882
i 603
1,060
' 1, 219
' 871
r993
1877
1867
Production^ _._
Shipments 9 1
Fine paper:
Orders new
Orders unfilled, end of month
do. _
do
do
do
144
79
157
84
159
76
157
75
149
69
168
91
160
97
181
101
164
97
163
85
167
86
149
97
Production
Shipments
Printing paper:
Orders new
Orders, unfilled, end of month __ _ _ _
do
do
148
145
160
156
167
158
166
158
164
155
162
165
159
153
175
178
171
165
174
164
169
162
r 142
r 144
do
do
398
396
402
368
445
376
400
338
416
360
440
355
428
397
478
415
429
409
435
385
405
356
389
391
389
388
427
426
401
404
397
400
422
422
402
402
449
449
423
423
440
440
16.85
16. 95
16. 95
16.95
16.95
2 16. 53
16.61
16 71
16 44
324
161
334
154
382
184
348
176
320
161
373
193
314
175
347
160
324
149
333
325
331
330
368
368
349
347
329
337
346
333
335
332
354
351
do
do
__do__ .
562
563
209
561
559
225
596
590
224
594
619
199
528
560
167
554
498
223
515
469
268
do
do. _
do
170
169
34
174
*174
4
40
183
179
44
178
185
37
163
167
33
185
175
43
Consumption by piiblishersd71
do
Stocks at and in transit to publishers, end of
monthcf
__ _
thous. sh. tons
461
455
512
499
473
634
620
623
612
584
451
455
461
507
134. 40
134. 40
134.40
1,321
427
1,326
89
1,400
461
1,394
91
1,517
9,078
124.0
Production
do
Shipments
do
Price, wholesale, book paper, "A" grade, English
finish, white, f.o.b. mill
$ per 100 Ib
Coarse paper:
Orders new
thous sh tons
Orders, unfilled, end of month
do
Production
Shipments
Newsprint:
Canada (incl. Newfoundland):
Production.- _ _ __
Shipments from mills
Stocks at mills, end of month
United States:
Production
_
Shipments from mills
Stocks at mills, end of month
_
do
do
Imports
_do
Price, rolls, contract, delivered to principal ports
$ per sh. ton.
Paperboard (National Paperboard Assoc.):
Orders, new
thous. sh. tonsOrders, unfilled end of month
do
Production, total
. . . do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments^
mil. sq. ft. surf, area
Folding paper boxes, shipments, index of physical
volume
1 947-49 =100
'
'r 151
86
148
82
r
164
156
154
r 377
M09
369
402
367
418
419
r 366
r 367
421
421
391
391
16 50
16 50
16 50
16 50
16.50
340
139
325
140
295
142
r 353
r
151
332
154
342
337
362
354
329
321
r 294
r 291
r
r 331
330
322
578
532
315
525
543
296
574
601
269
566
573
261
527
529
260
568
575
252
552
558
246
618
646
218
169
170
42
187
186
43
173
180
36
190
187
39
188
182
44
188
182
47
171
179
39
188
192
35
434
415
481
487
499
457
165
169
40
493
442
479
511
585
586
587
550
547
557
587
621
599
609
450
446
394
439
426
484
499
453
459
418
543
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134 40
134 40
134 40
134 40
1, 450
485
1,492
95
1,354
445
1,371
82
1,381
473
1, 354
91
1 401
483
1, 389
96
1,588
466
1 , 603
97
1,432
468
1,432
94
1 563
460
1 583
95
1 530
451
1 539
97
1 356
1,540
98
1 594
476
1 608
98
9,563
10, 660
10, 006
9,000
9 523
9 036
11 145
9 463
10 442
10 362
9 207
11 421
124.0
135.8
128.0
123.1
118.5
115 5
127 5
118 9
129 6
125 7
114 1
r 137 i
37 47
68 51
33 20
.289
40 45
64 98
37 84
.298
39 40
62 50
28 69
.283
33 50
69 75
37 09
.273
37 23
68 75
35 40
.274
35 95
74 06
33 29
.274
43 70
64 22
32 67
.288
129. 75
100 17
256 26
32 71
134. 28
119 36
252 00
15 94
28.93
22 20
20 70
26 64
24 63
28 95
4
522
3
' 392
496
1 281
80
r
165
354
P 16. 50
134. 40 ^134. 40
1,608
493
1,610
96
1 457
452
1.474
91
10 360
11 546
10 589
r 120 4
P131 9
1 433
486
1,409
92
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous. Ig tons
Stocks, end of month _. _
do
Imports, incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.).__$ per lb__
Synthetic rubber:©
Production—.
_
Consumption
Stocks, end of month
Exports
»
_
_
39.92
78.48
34.23
.385
68.65
32.59
___thous. Ig. tons.. 119. 70
89.94
_
do
232. 52
do.
do
28.74
245.55
Reclaimed rubber:
Production
Consumption __
Stocks, end of month
do
. do
do_ _.
24.40
23.04
32.02
35.61
40.19
38.31
.295
36.71
.274
133. 79
106 51
242. 94
129. 62
100 83
244. 89
62.38
40.65
.296
117.00
91.85
24 75
24.72
21.99
23 24
32.15
20.86
63.07
24.42
36.40
68.08
40.47
69.74
39 63
39 07
.278
41.46
.280
36 18
69 59
32 78
.283
138.49
127. 17
95 85
255 02
24 43
138.52
27 92
127. 93
107 07
247 99
22 05
103 89
261 84
27 99
130. 25
100 27
261 88
25 80
131. 95
109 72
259 18
21 %
30.54
25 14
23.21
92 30
21 01
30. 27
24 38
22 64
30.89
23 17
22 24
30 85
97. 58
25624
22.56
22 34
21. 12
31.69
30.03
21 61
20. 17
30. 83
69.52
29 97
.286
124.
107
254
26
61
76
62
38
125. 11
90 76
263 94
24 77
24 10
22 87
28 59
25 22
23 34
29 66
19 76
18 83
29 29
22 78
21 01
28 67
126.
103
256
29
80
25
65
38
r
. 295
TIRES AND TUBES
Pneumatic casings:
Production
thous
9,987
9 728
Shipments, total
Original equipment
Replacement equipment
Export
do
do_
do
do
9 975
9 859
2 838
Stocks, end of month
Exports (Bur. of Census)..
do. _
do
Inner tubes:
Production
Shipments
Stocks, end of month..
Exports (Bur. of Census)
__
11 150
10 329
10 483
11 501
10 369
11 278
10 906
11 712
11 959
10 411
10 722
10 651
12 856
9 739
3,841
9 036
3 227
11 565
3 735
7,717
113
11 873
3 406
11 941
3 336
13 043
4 349
123
110
113
10 202
1 531
8,531
140
11 9r>8
129
10 915
3 657
7,149
109
12 084
3 958
109
9 176
3 689
5, 349
139
10 977
3 534
114
l l 108
3 429
7,518
162
26, 558
117
26 128
81
24, 195
85
24, 916
66
?6 367
76
26 800
73
28 109
64
28 523
86
27 838
75
27 506
86
27 627
91
26 031
99
26 533
'l03
26 079
111
26 050
75
do.. . 3, 415
. d o
3,399
_do
10,34«
do
107
3, 124
3 28?
9,146
66
3, 560
3 435
2 903
3,232
3,691
5 367
76
54
3 002
2 888
9 784
61
3 605
3 679
8 131
50
4 009
3 582
8 714
109
3 413
3 240
8 794
83
3 497
3 223
9 075
69
3 277
3 393
9 066
96
3 116
3 280
8 907
86
3 909n6
3 l
8 772
80
3 108
2 974
8 963
90
3 881
3 534
9 290
62
3,350
6,482
143
6,908
r
9,096
5,789
9,458
1
' Revised.
v Preliminary.
Data for indicated items exclude estimates for tissue
and special industrial paper.
2 Beginning Jan. 1962, on revised basis (cash discount deducted); not comparable with earlier data. Jan. 1962 price on old basis, $16.95.
3 Not
entirely comparable with data prior to month noted.
* includes Alaska and Hawaii
beginning July 1961.
9 Data exclude estimates for "tissue paper."
J Revisions will be shown later as fol-
7,333
110
8,062
81
5,680
8,002
8,357
8,492
3 307
7,731
170
8,528
166
lows: Paper, excl. bldg. paper, etc., Jan.-Dec. 1960; shipping containers, Jan. 1959-Mar.
1961.
<? As reported by publishers accounting for about 75 percent of total newsprint
consumption in 1961. Alaska and Hawaii are represented beginning Jan. 1961.
0 Revised effective with the June 1962 SURVEY to include data for stereo and other elastomers (except polyurethane rubbers) as follows: Production and consumption, beginning
Jan. 1961; stocks, beginning Dec. 1960.
SURVEY OF CURRENT BUSINESS
S-38
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1961
Monthly
average
December 1962
Nov.
Oct.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
36, 132
93
40, 669
33, 669
90
33,120
33, 926
87
36, 498
31,964
20, 480
32 513
17,831
29 950
15,302
r 718. 2
'37.8
186. 3
610.7
34.6
158 7
34.7
Nov.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
_
thous. bbL- 26, 588
75
26, 950
74
26,889
32, 348
87
35, 681
27, 625
77
25, 692
23, 393
63
17, 485
17, 051
46
13, 669
15, 309
45
14, 477
20, 454
54
21,269
28,089
77
27, 990
33, 719
88
33, 677
32, 304
88
33, 625
33 388
86
35, 611
35, 512
25, 532
35, 879
25, 020
28 437
16, 204
30 382
16,913
36 343
19,531
39 792
24, 758
40, 626
28, 956
39, 817
32, 891
39 958
32, 767
40 076
30, 031
38 684
27, 942
36 453
?5 189
541.8
40.7
154.5
535. 6
39.7
145.8
647.4
43.0
176.5
550.1
39.1
134.8
387.4
30.9
98.1
319.0
28.4
81.6
358.4
27.8
87.6
503.5
31.3
125.7
649.9
35.2
159.3
725.8
39.0
175 8
668.7
36.1
172.5
676.6
39.2
170.0
33.9
35.3
39.0
37.3
28.8
26.5
23.2
29.1
34.9
36.5
35.5
37.4
42.9
19.4
19.0
20.8
20.0
16.5
17.8
17.7
20.8
20.3
22.6
22.0
21.0
24.8
21.0
103.5
103.8
104.1
104.1
104.1
104.2
104.9
105.1
105.1
104.9
104.9
104.9
104.9
104.9
Flat glass, mfrs.' shipments (qtrly. total and qtrly.
average)
_
thous. $.. "70,482
<*26,619
Sheet (window) glass shipments
do
Plate and other flat glass shipments
do . 43, 863
65, 113
27, 743
37, 370
Glass containers: J
Production
_
thous. bbl__ 26, 244
-
. do _
do
r
CLAY CONSTRUCTION PRODUCTS
Shipments: t
Brick, un glazed (common and face)
mil. standard brick. _
Structural tile, except facing. __thous. sh . tons_.
Sewer pipe and fittings, vitrified
do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent. .
Floor and wall tile and accessories , glazed and unglazed
... _ _ _ _ _ mil. s q . ft._
Price index, brick (common), f.o.b. plant or N.Y.
dock
1957-59=100..
r
104.8
GLASS AND GLASS PRODUCTS
71, 840
31 , 803
40, 037
74, 658
32, 144
42, 514
64, 354
?6 613
37, 741
69, 574
32 677
36' 897
thous. gross..
13, 358
13, 957
14, 717
12, 769
11, 949
13, 482
13, 103
14, 480
14.016
15, 209
15, 978
15, 753
16, 327
14, 515
14, 999
Shipments, domestic, total
.-do
General-use food:
Narrow-neck food
do .
Wide-mouth food (Incl. packers' tumblers,
jelly glasses, and fruit jars)_._ thous. gross..
12, 890
13, 633
13, 747
12, 840
12, 225
12, 623
11, 905
13,975
13, 452
15,090
15, 535
14.113
17, 312
16, 328
14,396
Beverage
Beer bottles
Liquor and wine
_ _
_ _
Medicinal and toilet
Chemical, household and industrial
Dairy products
Stocks, end of month
1,469
1,492
1,421
1,190
1,016
1,163
1,173
1,396
1,251
1 256
1 487
1 606
3 082
2 845
1 579
3,698
3,904
4,284
3,926
3,656
3,859
3, 559
3,886
3,492
4,126
4,139
3,968
5,035
4,517
4,699
958
1,376
1,243
1,007
1,807
1,289
776
1,464
1,656
814
1,380
1,390
1,131
1,512
1,173
745
1,492
1,164
859
1,354
1,122
1,169
1,939
1,377
1,568
2,071
1,196
1 707
2 651
1 261
1,717
2 929
1,284
1 389
2 705
991
1 104
2 391
1 296
758
2 811
1 326
799
1 451
1 563
do
do
do
2,901
1,095
151
2,985
1,007
142
2,987
1,009
150
3,151
845
144
2,854
734
149
3,219
842
139
2,964
764
110
3,277
811
120
2,966
796
112
3,097
869
123
3,035
826
118
2,618
724
112
3 357
879
168
3,123
778
170
3 345
809
151
do
20, 705
21, 582
22, 054
21,706
21,157
21,789
22, 779
23, 066
23, 256
23 205
23, 392
24 656
23 394
21 195
21 412
1,326
«2,456
1,242
2,376
1,240
2,404
1,019
2,038
1 364
2,609
1 542
2,706
2,148
2,062
2, 055
1,916
2 312
2 429
«930
71
'976
65
1,049
65
643
67
1 132
68
1 111
67
299
299
256
264
240
250
226
207
273
271
287
297
380.6
1, 528. 5
54.0
335.5
1, 395. 1
46.2
426.4
1, 736. 4
67 1
448 1
1 822 8
66 6
_ do
do
do ._
GYPSUM AND PRODUCTS
Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production.. _
_ do _
Calcined production qtrly. avg. or total
do
Gypsum products sold or used, qtrly. avg. or total:
Uncalcined uses
thous sh tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (incl "KTeenP-'s c^TrifiTlt)
Lath
Wallboard
All other §
do
mil. sq ft
do
do
411.6
477.6
1,458.6 1, 483. 9
56.6
59.4
TEXTILE PRODUCTS
APPAREL
thous. doz. pairs.. 12,600
14,008
16, 114
15,618
12,267
14, 678
13, 958
14, 952
13, 124
14,310
14, 680
12, 428
17, 236
13,711
thous. units..
_ _ _ do
1,786
435
1,597
375
1,744
360
i 1, 835
*345
1,696
244
i 1, 880
1200
1, 726
214
1,881
281
1,873
370
1,796
470
1,649
500
1,200
354
2,002
533
1,750
442
Coats (separate), dress and sport
do
Trousers (separate), dress and sport
_do
Shirts (woven fabrics), dress and sport-thous. doz_
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
841
8,262
1,942
957
7,465
1,872
1,076
7,936
2,020
1
1, 160
i 7, 445
i 2, 285
1,112
7,016
1,984
i 1, 335
i 8, 160
i 2, 155
1,115
8,514
2,137
1,265
9,849
2,258
1,234
8,824
2,042
1,214
9,312
2,245
1,187
9,075
2,003
760
7, 559
1,563
1 354
10,028
2,208
1 093
8, 247
2,021
231
304
284
301
320
320
295
325
308
324
308
338
332
331
315
326
303
256
387
334
302
289
Women's, misses', juniors' outerwear, cuttings:cfA
Coats
_
thous. units.. 1,952
20,888
Dresses
do
809
Suits
_
do_.
2,029
21, 192
820
2,576
21, 448
660
2,467
20, 922
768
1,658
16, 848
682
2,009
20,096
1,098
2,437
21,482
1,140
2,566
26, 654
1,109
1,275
26, 143
673
1,223
27, 130
583
2,064
20, 800
815
2,274
17, 782
726
2,688
21, 804
728
2,318
17. 991
535
1,413
712
1,321
654
1,003
412
1,297
583
1,508
661
1, 656
740
1,557
757
1,566
905
1,237
780
1,226
804
Hosiery, shipments
Men's apparel, cuttings: ^cf
Tailored garments:
Suits
Overcoats and topcoats
Waists, blouses, and shirts
thous. doz._ 1,288 1,340
712
Skirts
do....
708
r
Revised.
1 Data cover a 5-week period.
« Revisions for 1960 are shown in the Apr. 1962 SUKVEY.
IRevisions for Jan.-Mar. and Apr.-June 1961 will be shown later.
§ Comprises sheathing, formboard, and laminated board.
J
310
350
1
264
288
1305
295
1
r
1, 372
'893
16, 438
1,159
834
IData for Nov. 1961 and Jan. 1962 cover 5 weeks; other months of 1961 cover 4 weeks
Beginning Feb. 1962, the data are calendar-month totals.
cf Revisions for Jan. 1959-Aug. 1960 are available upon request.
AData beginning Jan. 1962 are based on revised sample panel. For coats, blouses, and
skirts, the revised figures beginning Jan. 1962 are at least 5% higher, when comparing estimates for Jan.-June 1962 on the new and old bases.
SUEVEY OF CURRENT BUSINESS
December 1062
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
Monthly
average
S-39
1961
Oct.
1962
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
1,501
4,681
9,156
Nov.
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive oflinters):
Production:
Ginnings§
thous . running bales 1 14, 265
Crop estimate, equivalent 500-lb. bales
thous. bales.. 1 14, 272
1
14, 325
1
8,675
11,687
2
287
12,638 313,996
14, 318
4
do
725
711
716
875
664
4868
717
730
4867
713
709
4692
693
661
4823
do
_do
do
do
do
do
14, 447
14, 376
3,698
9,159
1,520
70
13, 442
13, 368
3,815
7,742
1,811
74
17, 941
17, 832
7,803
8,489
1,540
109
16, 669
16, 569
4,227
10, 671
1,671
100
15, 473
15, 380
1,958
11,664
1,758
93
14, 231
14, 146
1,136
1 1, 079
1,931
84
13, 126
13,046
573
10, 407
2,066
81
12, 012
11, 940
417
9,387
2,136
72
10, 849
10, 785
354
8,336
2,095
64
9,783
9,730
304
7,446
1,980
52
8,654
8,606
189
6,656
1,761
48
7,850
7,808
190
6,100
1,518
42
21, 304
21, 187
13, 357
6,597
1, 233
117
20,761
20, 637
10, 877
8,631
1,129
124
19, 523
19, 399
6,530
11, 655
1,214
124
628
12
30.1
31.4
533
14
31.0
32.2
301
7
33.9
33.6
402
2
33.1
33.6
537
3
31.8
33.6
382
5
30.4
33.6
396
5
29.1
33.7
392
5
29.4
33.8
303
4
31.8
33.8
361
3
32.7
33.9
425
1
32.6
34.1
465
1
32.6
34.0
141
89
32.6
33.4
164
24
33.2
33.0
157
3
32.6
33.0
113
134
543
109
130
544
'112
221
429
4130
227
519
109
187
559
129
194
623
105
174
660
111
156
691
U25
124
694
106
85
655
104
58
599
<84
51
576
105
69
524
101
'157
'539
4
do
mil
do
do
19,269
17,592
10, 008
463
9,161
19, 037
17,330
9,764
450
8,887
19,089 19,017
17,313 4 17, 205
9, 685 11, 872
475
484
8,782 < 10, 753
19, 009
17,181
8,875
444
8,019
18, 971
17, 120
11, 661
466
4
10, 513
18,990
17, 127
9,574
479
8,615
18, 978 18, 987
17, 105 17, 107
9,597 411.668
480
467
8,622 410, 535
18, 806
16, 901
9, 501
475
8,506
18, 817
16, 869
9,510
476
8,481
18, 761
16, 773
4 9, 697
388
4 8, 621
18, 798
16, 731
9,432
472
8,382
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2 carded weaving
$ per Ib
36/2 combed knitting
do
.665
.938
.647
.926
.665
.953
.665
.958
.670
.958
.670
.958
.661
.938
.661
.938
.656
.936
.656
.931
.654
.931
P. 651
P. 925
2,341
2,292
13.6
11.8
10.1
4.5
5.5
4.8
4.8
5.0
36, 584
37, 90S
39, 117
21, 208
40, 518
21, 280
39, 726
23, 366
29.89
24.49
24.97
38.2
17.4
17.2
38.3
15.1
16.3
38.3
15.3
16.8
mil. lb__ 455. 7
163.6
78.5
169.3
482.0
160.4
100.2
185.4
525. 1
178 2
115.0
193.7
44.3
36.0
38.2
6, 607
3,620
7,018
3,834
7,405
4,552
8, 230
4,274
10, 574
3,734
8,506
3,329
7,453
4,633
8,784
3, 513
9,208
4,338
8,721
4,406
10, 240
3,995
6, 544
3,024
11, 549
4,215
10, 484
5,414
7,840
3,881
399
5, 128
541
3, 190
663
4,886
757
5,606
400
4,414
677
4,910
665
7,715
537
5,715
548
4, 351
859
5,043
711
1,106
' 5, 771 5,767
859
6,034
1,070
5,252
930
3,516
56.4
53.5
70. 9
22.1
48.6
43.4
45.9
40.3
47.8
41.4
67 5
22 0
47.4
42.8
48.0
45.4
51.3
49.5
63 7
21 1
51.6
51.1
49.8
48.5
47.9
51.2
""67.5
28 4
51.1
54.5
54.0
54.4
.82
.29
.82
.26
.82
.26
.82
.27
.82
.26
.82
.27
.82
.27
.82
.27
.82
.27
.82
.27
.82
.27
.82
.27
594.2
358.6
78.5
106.2
596.2
366.3
64.1
111.6
thous. sq. yd._ 12, 871
11, 557
13, 207
12, 297
13,063
10, 475
11,096
12, 964
12, 661
11,890
13, 620
573
4.60
557
5.20
541
5.25
715
5.24
802
5.08
389
5.08
688
5.22
545
5.42
524
5.73
421
5.98
399
6.22
6.791
5,732
Consumptionft ..
Stocks in the United States, end of mo.,
totalt
Domestic cotton, total..
On farms and in transit
Public storage and compresses
Consuming establishments
Foreign cotton total
Exports.
-do
Im ports J
do
Prices (farm), American upland
cents per lb._
Prices, middling 1", avg. 14 marketsd"
do
Cotton linters:
Consumption^
Production
Stocks end of mot
--.
.thous. bales..
do
do
12,063
? 14, 723
4
31.8
33.0
125
223
614
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :1t
Consuming 100 percent cotton
Spindle hours operated all fibers total
Average per working day
Consuming 100 percent cotton
Cotton cloth:
Cotton broad woven goods over 12" in width:
Orders, unfilled, end of mo., as compared with
avg weekly production
No weeks' prod
Inventories, end of mo., as compared with avg.
weekly production
No weeks' prod
Exportst
Imports!
thous SQ yd
do
Mill marginsf
cents per lb__
Prices, wholesale:
Denim mill
finished
cents per yd
Print cloth 39 inch, 68 x 72
do
Sheeting class B 40-inch 48 x 44-48
do
.665
.941
4
.670
.956
2, 398
11.5
.670
.941
18, 689 18, 712
16, 543 16, 495
9,131 4 11, 545
463
457
8,03-1 4 10, 134
2,435
2,425
12.3
11.9
11.4
11.0
10.1
12.2
9.2
9.4
5.0
4.9
4.8
4.9
5.0
5.1
6.5
5.4
5.6
5.7
39, 648
34, 281
32, 701
48, 690
38, 948
41,140
42, 637
43,617
39, 994
57, 001
35, 462
34, 497
39, 270
30, 757
34, 558
28, 562
32, 247
30, 960
29, 932
37, 819
29, 646
46, 474
24.99
24.96
24.85
24.94
25.09
25.38
25.06
24.90
25.10
25.23
25.70
25.63
38.3
15.3
16.8
38.3
15.3
16.8
38.3
15.3
17.0
38.3
15.1
17.0
39.6
15.5
17.0
40.3
15.5
17.0
40.3
15.5
17.0
40.3
15.5
17.0
40.3
15.5
17.0
40.3
15.4
17.0
40.3
15.3
17.0
^40.3
"15.2
P17.0
11.2
11.9
10.8
25.58
M ANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. avg. or total
Staple incl tow (rayon)
do
Noncellulosic (nylon, acrylic, protein, etc.) -do
Textile glass fiber (exc. blown glass wool and
Exports:
Yarns and monofilaments*
Staple tow and tops
Imports:
Yarns and monofilainentst
Stiple tow and. tops*
thous Ib
do
do
do
Stocks, producers', end of mo.:
Filament yarn (rayon and acetate)
Staple incl tow (rayon)
Noncellulosic
fiber*
Textile slass
fiber*
mil. lb_do
do
do
Prices, rayon (viscose):
Yarn filament 150 denier
Staple 1 5 denier
$ per Ib
do
Manmade fiber broadwoven fabrics:
Production, qtrly. avg. or totalt 9 -.mil. lin. yd__
Rayon and acetate (excl. tire fabric)
do
Polyester and chiefly polyester blends*, .do
Exports, piece goods.
SILK
Import^ raw
thous Ib
Price, raw, AA, 20-22 denier
$perlb._
Production, fabric, qtrly. avg. or total
thous. lin. vd_.
63.4
56.1
666.3
6
15. 7
6
6
577. 1
188.1
123. 0
'217.9
48.1
6,929
6,325
' 589. 5
175 6
119.2
r
238. 7
586.8
180 6
119.9
242 7
56.0
43.6
r
5
62 6
« 45. 8
57.1
52.9
82 3
30 2
58.4
48.3
.82
.27
.82
.27
*>. 82
P . 26
9,422
10, 577
11, 784
10, 353
473
6.20
785
6.36
525
5.98
741
p 6 . 41
662 4
392.3
75.6
128.8
657 7
394. 1
75 1
128.7
638 1
393.0
65 0
123.6
' Revised. 4 » Preliminary. 1 Total crop for year. 2 Ginnings to Dec. 13.6 3 Ginnings
to Jan. 16.
Data cover a 5-week period.
« Data are for month shown.
Qtrly. avg.
7 Dec. 1 estimate of 1962 crop.
§Total ginnings to end of month indicated except as
noted.
T Data for Nov. 1961 and Jan., Apr., July, and Oct. 1962 cover 5-week periods; other
months, 4 weeks.
r
6,047
tScattered revisions for 1959-Apr. 1961 are available upon request.
f Revised series. See note in the Sept. 1961 SURVEY; data for Aug. 1957-June 1960 are
available upon request.
9 Includes data not shown separately. *New series; data for 1954-60 are available
upon request.
cfBeginning Aug. 1962, includes Phoenix, Ariz. (15 markets).
STJBVEY OF CUEEENT BUSINESS
S-40
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1962
1961
I960 | 1961
Monthly
average
December 1962
Oct.
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
23, 434
11,501
20 133
13,579
Aug.
Sept.
23, 061 1 23, 251
11,932 1 10, 177
22, 387 16 834
15, 485 11,216
22, 152
13,235
24 433
14, 849
21, 268 1 26, 335
12, 940 116 263
21 001 25 102
12, 562 14 514
1.245
1.075
1.175
1.252
1.075
1.175
1.275
1 075
1 175
100.5
100.5
100.5
July
Oct.
Nov.
TEXTILE PRODUCTS-Continued
WOOL
Wool consumption, mill (clean basis) :^t
Apparel class
__thous. lb__ 20, 356
13, 555
Carpet class
- do
Wool imports clean content
do _. 19, 597
Apparel class, clean content
__
do _. 8,202
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ per lb__ 1.165
1.070
Graded fleece, 3/& blood
___ _ _do
1. 166
Australian 64s 70s good topmaking
do
21, 907
12, 254
21, 079
10, Oil
21, 709 1 26, 491
13, 876 1 14, 629
25, 039 17, 219
9,690 9.564
1.184
1.032
1.110
1.208
1.075
1.125
1.200
1.075
1.125
96.7
96.7
96.7
19, 902
11,811
17, 114
10, 159
i 25,609
1 14,085
23, 982
16, 299
22, 740
11, 387
22, 747
15,409
1.200
1.075
1.125
1.200
1. 075
1. 125
1.200
1.075
1. 125
95.5
96.7
99.2
23, 523 127,828
11,159 U2,216
25, 945 21, 019
19, 187 13, 846
1.200
1.075
1. 125
1.224
1.075
1.125
1.233
1.075
1.135
99.2
100.5
100.5
1.275
1.085
1. 175
1.275
1 111
1 175
101.7
101.7
1. 281
1 145
1 175
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
system wholesale price
1957-59 =100__ 100.6
Woolen and worsted woven goods, exc. felts:
Production qtrly avg or total
thous. lin. yd_ 71,614
70,189
Apparel fabrics total
do
40, 668
Women's and children's
-do
Prices, wholesale, suiting, f.o.b. mill:
Flannel men's and boy's
1 9.57-59= 100__ 96.7
96.8
Gabardine women's and children's _ _c!o
71,721
70,035
43,228
93.8
95.2
69,026
66,353
40,955
94.6
95.2
94.6
95.2
94.6
95.2
75, 464
73, 431
42, 066
94.6
95.2
94.6
95.2
82, 505
80 813
48, 362
94.6
95.2
94.6
95.2
94.6
96.9
95.0
96.9
77, 738
75 676
47, 930
95.0
96.9
95.0
96.9
95.0
96.9
95.0
96.9
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLESA
Orders new (net) qtrly avg or total
mil $
U S Government
do _
Prime contract
do
Sales (net), receipts or billings, qtrly. avg. or total
mil $
U S Government
do
3, 357
2,619
3,035
3, 726
3, 064
3,396
3,199
2,552
2,868
3.512
2, 663
3,021
4 055
3, 343
3 670
3, 738
2, 883
3,856
3,004
3, 875
3,037
4,016
3,060
3,862
3, 057
Backlog of orders, end of year or qtr. 9
do
TJ R Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units and parts
mil $
Other related operations (conversions, modifications) products services
inil $
15, 462
12, 056
6,089
1, 566
13,965
11,043
5,646
1, 546
13,965
11,043
5, 646
1, 546
13, 344
10, 568
5,213
1 504
12, 840
10, 171
5, 127
1 476
13, 033
10, 457
5 037
1 455
4, 600
3,829
3,829
3 794
3,491
4 140
2,049
1,803
1, 803
1,670
1,644
Aircraft (civilian): Shipments ©
_ do
Airframe weight ©_thous. l b _ _
Exports
.mil. $.
103. 4
2,347
44.8
82.1
1,824
27.6
79.9
1,781
11.4
72.5
1,457
17.9
83.6
1,770
19.2
87.8
1,726
26.4
109.1
2,045
60.1
77.6
1,747
43.9
111.2
2,511
40.8
121.2
2, 345
31.6
92.4
1,915
11.4
77.9
1. 395
17.1
88.3
1,400
10.4
49.2
1, 032
17.1
44 0
1, 216
21 8
655.8
625. 7
556. 2
544.2
99 5
81.5
556.4
527. 3
461.9
450.2
94 5
77.1
638.3
608.3
545. 1
529.4
t»3 i
78.9
754.6
722.3
646.9
627.7
107 7
94.6
759.5
720.5
646.7
631. 1
112 8
89.4
711.0
684.2
610.9
595.9
100 1
88.3
628.6
603. 7
533. 6
518. 5
95 0
85.2
713. 9
685. 3
605 8
588.5
108 1
96.8
719. 6
687. 8
614 3
594. 8
105 3
93.0
786.2
756. 7
673 5
656. 6
112 7
100.1
678. 2
651.2
569.2
555.0
109 0
96.2
687.7
663. 9
587 1
575. 4
100 7
88.5
299.2
282.0
218 6
213.2
80 6
68. 8
519.9
501 . 9
442 5
432. 5
77 4
69.4
851
817
795
705
124
112
27, 890
10, 570
17, 320
22, 444
9,489
12, 955
19,682
9,200
10, 482
22, 631
12, 658
9,973
21. 497
13, 234
8,263
20,117
11,799
8,318
17, 580
10, 221
7,359
21,818
12,140
9,678
23, 719
15, 204
8,515
22, 065
11,882
10,183
22, 394
10, 895
11, 499
16, 860
7,803
9,057
15, 765
5,940
9,825
18, 405
11,815
6,590
17 749
10', 934
6 815
41,287
39, 278
24, 860
24, 076
28, 854
28, 344
26, 488
26, 005
33, 305
32, 395
32, 305
31,337
37, 695
36, 527
36, 344
35. 038
32, 607
31,326
32, 335
31, 189
30, 551
29, 477
27, 735
27, 179
19, 394
18, 977
29, 442
28 686
35 087
34 081
4,864
2,916
549
4,263
2,650
462
5,372
3,656
272
5,171
3,525
334
4,755
3,375
233
5,484
3,845
738
5, 295
3, 577
719
6,393
4,543
456
5,934
3,994
496
6,391
4,217
393
5,721
3,442
228
4,999
3,014
944
5,462
3,310
1,353
5 117
3 190
1,836
5 970
3 920
2 184
548. 1
41.6
78.6
487.9
31.6
76.6
549.6
32.5
82.9
557.9
28.9
81.6
525.7
24 2
79.0
506.2
26 4
76.7
473 3
24 5
70. 9
591 7
29 4
89.2
635 0
31 1
96.0
643 5
29 4
94.6
601 9
28 7
89.9
613.6
30.5
90. 8
540 2
27 6
94.9
373 9
25 6
74 8
29 5
102 3
4,776
3,124
1, 652
2, 655
1,572
1,083
1,908
1,205
703
2,513
1. 726
7S7
1,940
1, 066
874
2,128
1, 250
878
2,690
1,772
918
4 077
3,076
1,001
3, 421
1,677
1,744
3,758
1,909
1,849
3,911
2,219
1,692
3,181
2,289
892
3,541
2,205
1,336
2,946
1,984
962
2,799
2, 963
1,872
1,091
2, 567
1,600
967
2,086
944
1,142
4,109
3,479
630
5,710
2,793
2,917
5,336
2, 729
2,607
1,466
1,127
339
1,557
1,500
57
2, 450
1, 437
1, 013
3, 189
2,855
r
334
3 411
2,294
1,117
3,098
1, 630
1,468
2 796 r 1 551
1 710 T 1 218
1,086 T 333
4,436
2,673
do__ _ 31, 977
14, 758
_ do
17, 219
do
13, 462
4,616
8,846
10, 373
3,642
6,731
11,984
5,405
6,579
15, 761
7,134
8,627
19,011
8,611
10, 400
17, 737
7,970
9,767
15, 265
6,441
8,824
14, 244
6,152
8,092
13, 778
7,100
6,678
13, 274
7,171
6,103
13, 192
6, 516
6,676
12, 429
6 003
6,426
11,064
1 367
MOTOR VEHICLES
Factory sales, total
Domestic _ .
Passenger cars total
Domestic
_
Domestic Exports, total?
Passenger cars (new and used)
Trucks and buses
thous
do
do
do_ _
do
number
do
do
Imports (cars, trucks, buses), total eft - __do
Passenger cars (new and used)^
do
Production, truck trailers: t
Complete trailers, total
do
Vans
do
Chassis, van bodies, for sale separately. ..do
Registrations:©
New passenger cars
Foreign cars
New commercial cars
thous
do
__do __
0 p2goi 3
7
9 P2Q87 q
7
1 2 11Q A
0
B
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
_
Equipment manufacturers, total
Railroad shops, domestic
New orders
Equipment manufacturers, total
Railroad shops, domestic __
._ __
Unfilled orders, end of mo
Equipment manufacturers, total
Railroad shops, domestic
number
__do _
do
do
do
_do __
r
2, 162
637
1,763
5,800
12, 159
5, 737
6, 422
do
do _ _
20
265
17
202
7
239
0
239
0
264
0
264
0
264
5
259
24
235
72
175
50
183
45
120
25
134
12
122
14
108
Freight cars, class 1 (AAR): §
Number owned, end of year or mo __ _ _ thous..
Held for repairs, % of total owned. _
1,662
9.4
1,607
8.8
1,614
9.1
1,613
9.0
1,607
8.8
1,604
8.9
1,600
8.8
1,598
8.5
1,594
8.4
1,588
8.3
1,582
8.2
1,577
8 4
1,573
86
1 567
8 4
1, 5G3
8 4
Passenger cars: Shipments
Unfilled orders, end of mo
r
1
2
Revised.
Data cover 5 weeks.
Preliminary estimate of production.
ISee corresponding note, p. S-39.
j Scattered revisions for 1959-60 are available upon request.
AErTective with the -Tan. 1962 SURVEY, the qtrly. data reflect an expanded survey and
include companies developing, producing, assembling, etc., complete missiles and space
vehicles (and engines or propulsion units). Comparable data prior to Dec. 31, 1960, are
not available.
5 264
jRevisions for 1960-Mar. 1961 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
cfOata cover complete units, chassis, and bodies.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
U.S. G O V E R N M E N T P R I N T I N G O F F I C E : 1 9 6 2
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General;
1-7
7,8
9.10
10-12
Business indicators
Commodity prices
_„_
Construction and real estate.
Domestic trade
._
Employment and population
Finance
Foreign trade of the United States. _.
Transportation and communications-
._ 12-16
16-21
.._ 21-23
.. _ 23, 24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24, 25
26
26-30
30, 31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
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
Aerospace vehicles
Agricultural loans
Aircraft and parts
3,
Airline operations
Alcohol, denatured and ethyl
Alcoholic beverages
Aluminum
Apparel
1,3,4, 7,3,
Asphalt and tar products
Automobiles, e t c _ _ _ 1, 4-6, 8, 10, 11, 13-15,
10, 11,16
40
16
13-15, 40
23
25
3, 10, 26
33
10-15,38
35, 36
19, 22 S 40
Balance of international payments
2
Banking
- 16, 17
Barley
27
Barrels and drums
33
Battery shipments
34
Beef and veal
28
Beverages
4, 8, 10, 26
Blast furnaces, steel works, etc
13-15
Bonds, outstanding, issued, prices, saies,
yields
Brass and bronze
Brick
38
Broker's balances
20
Building and construction materials. 8-10, 31, 36, 3E
Building costs
9, 10
Business incorporations (new), failures
7
Business population
2
Business sales arid inventories
4, 5
Butter
„
.
27
Cans (tinplate)
Car-loadings
Cattle and calves
Cement and concrete products
8
Cereal and bakery products
Chain-store sales, firms with 4 or more and 11
or more stores
12
Cheese
27
Chemicals
4-6, 8, 13-15, 19, 22, 24, 25
Cigarettes and cigars
8, 10,30
Civilian employees, Federal
14
Clay products
8, 38
Coal
4, 8, 13-15, 22-24, 35
Cocoa
23, 29
Coffee
23, 29
Coke
23, 24,35
Communications
.
13-15, 19, 20, 24
Confectionery, sales
29
Construction:
Contracts
„
9
Costs
9, 10
Employment, hours, earnings, wages
13-15
Highways and roads
9, 10
Housing star ts
9
New construction put in place
1, 2, 9
Consumer credit
1
17, 18
Consumer expenditures
1,2
Consumer goods output, index
3, 4
Consumer price index
7
Copper
23, 33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7, 8, 2 1 , 2 2 , 39
Cottonseed cake and meal and oil
30
Credit, short- a n d intermediate-term _ _ . _ _ . _ _ _ 17, 18
Crops
3, 7, 27, 28,30,39
Crude oil and natural gas
._ 4, 13-15, 35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S. Government
Department stores .
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores,
sales
.
3, 7, 27
16
18
11, 12, 17
16, 17, 19
16
26
3, 18-2!
11,12
National defense expenditures
1,18
National income and product
1.2
National parks, visits
24
Newsprint.-.
23,37
New York Stock Exchange, selected data
20, 21
Nonferrous metals
8, 19, 23, 33, 34
Noninstallment credit
17
Earnings, weekly and hourly
14-16
Eating and drinking places
11, 12
Eggs and poultry
3, 7, 29
Electric power
4, 8, 26
Electrical machinery and equipment
3,
5,6, 13-15, 19, 22,34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities).
1,
2,21,22
Express operations
23
Oats
Oil burners
Oils and fats
Orders, new and unfilled, manufacturers'
Ordnance
Failures, industrial and commercial-_
7
Fans and blowers
34
Farm income, marketings, and prices
1, 3, 7
Farm wages
16
Fats and oils
8, 29, 30
Federal Government
finance
18
Federal Reserve banks, condition of_
_
16
Federal Reserve reporting member banks
17
Fertilizers
1
8, 25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products, __ 4-8, 10, 11, 13-15, 19, 22, 23, 27-30
Foreclosures, real estate
._
10
Foreign trade
21-23
Foundry equipment
34
Freight carioadinss
- 23, 24
Freight cars (equipment)
4, 40
Fruits and vegetables
7, 8, 22
.Fuel oil
35,36
Fuels..__I___IIII
I I _ _ I _ . _ I _ _ . ! . I _ _ ~ 4 , 8, 35, 36
Furnaces
,
34
Furniture..
3,4,8, 10-15, 17
Furs
.
23
Paint and paint materials
8, 25
Panama Canal traffic
24
Paper and products and pulp
3,
5, 6,8, 13-15, 19, 23,36,37
Parity ratio
7
Passports issued
24
Payrolls, indexes
14
Persona! consumption expenditures
1, 2
Personal income
2, 3
Petroleum and products
4-6,
8, 11, 13-15, 19, 22, 23, 35, 36
Pig iron
32
Plant and equipment expenditures
2, 20
Plastics and resin materials
25
Plywood
31
Population „
12
Pork
28
Postal savings
17
Poultry and eggs
3, 7, 29
Prices (see also individual commodities)
7, 8
Printing and publishing
4, 13-15
Profits, corporate
1, 19
Public utilities
2-4, 7-9, 13-15, 18-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
Gas, output, prices, sales, revenues
.._ 4,8,
Gasoline
1,35,
Glass and products
G iy c erin
Gold
2
Grains and products
7, 8, 22-24, 27,
Grocery stores
11,
Gross national product
1
Gross private domestic investment
1
Gypsum and products
8,
Hard ware stores
11
Heating equipment
8,34
Hides and skins
8,30
Highways and roads
_
9, 10
Hogs
28
Home Loan banks, loans outstanding
10
Home mortgages
10
Hosiery
.
38
Hotels
14, 15, 24
Hours of work per week
14
Housefurnishings
1,4, 7, 8, 10-12
Household appliances and radios
4, 8, 11,34
Housing starts
,
9
Imports (see also individual commodities)-.. 1,
Income, personal
Income and employment tax receipts
Industrial production indexes:
By industry
By market grouping
Installment credit
12,
Installment sales, department stores
_
Instruments and related products
3,
Insulatin g materials
Insurance, life
_
Interest and money rates
„_
Inventories, manufacturers' and trade
4—6,
Inventory-sales ratios
Iron and steel
3, 5, 6, 8, 10, 19, 22, 23,
21-23
2, 3
18
3, 4
3,4
17, 18
12
13-15
34
18, 19
I7
11, 12
5
32,33
27
34
8, 29,30
6
13-15
Radiators and con vectors
34
Radio and television
4, 8, 10, 11,34
Railroads
2, 13, 14, 16, 18-21, 23, 24,40
Railways (local) and bus lines
13- -15, 23
39
Rayori and acetate
Real estate
10, 17, 18
Receipts, U.S. Government
18
7
Recreation
34
Refrigerators and home freezers
Rent (housing)
7
Retail trade
4, 5, 7, 9, 11- 15, 17
27
Rice
36
Roofing and siding, asphalt
Rubber and products
4-6, 8, 13-15, 23, 37
27
Rye
Saving, personal
Savings deposits
Securities issued
Services
Sheep and lambs
Shoes and other footwear
Silk, prices, imports, production
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel ingots and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stocks, department stores
Stone, clay, and glass products
Stoves raid ranges
Sugar
Sulfur
Sulfuric acid
Superphosphate
2
17
19, 20
1, 2, 13-15
28
1,8, 11, 12, 31
8,39
19
30
39
32,33
32
20,21
12
3-6,
8, 13-15, 19,38
34
23, 29
25
25
25
Tea imports
29
Telephone, telegraph, cable, and radiotelegraph carriers
13-15, 19, 20, 24
Television and radio
4, 8, 10, 11,34
Textiles and products.. 3, 5, 6, 8, 13-15, 19, 22, 38-40
Tin.
23, 33
Tires and inner tubes
8, 11. 12,37
Labor advertising index, disputes, turnover ____ 16
Tobacco
and
manufactures
4-8,
10,
1315, 30
Labor force__________________________. . . . . . ._ _
12
Tractors
22,34
Lamb and mutton________________________..
28
Trade
(manufacturing,
wholesale,
and
reLard ________ _ ____ _______________________________
28
tail)
4-6, 11, 12
Lead ___________________________________________________
33
Transit lines, local
2.3
Leather and products -.._„____________3, 8, 13-15, 30, 31
Transportation
1,
2, 7, 23, 24
Life insurance _____________________________________________
18, 19
Transportation
equipment
3-6,
13-15,
19,40
Linseed oil „ . _____________________________________
30
Travel
23, 1>4
Livestock____________________________________3, 7, 8, 24, 28
Truck trailers
40
Loans, real estate, agricultural, bank, brokers'
Trucks (industrial, motor)
34, 40
(see also Consumer credit)___________10, 16, 17, 20
Lubricants _ ..... _____________________________________ '.. __ _ 35,36
Unemployment and insurance
12, 16
Lumber and products____________3, 5, 6, 8, 10-15, 19, 31
U.S. Government bonds
16-18, 20
U.S. Government
finance
IS
Machine tools
. . . . ._ _ _ _ _ _ __ _
34
Utilities
2-4, 9, 13-15, 18-21, 26
Machinery ____ _ 1 .__ J, b, 6, 8, 13-15, 19, 22, 34
$s il order houses, ra c& _ _________ _______
11
Vacuum cleaners
34
">vi irmadf fibt.ii and T ant 1 fact ares ________________
,39
Variety stores
11,12
f \ ~ ~ n ifirtun rs' sales, inventories, orders __________
4-6
Vegetable
oils
__
29,30
I Tu. intact Tii ' employment, oroOuction workVegetables and fruits
7,8,22
on*, p a ^ i o 1% ^iOUj^, earnin^'i______________. . . . . .._ 13-15
Vessels cleared in foreign trade
24
n
3,4
"an 'f ""'"luruij pi oC action mdex^s ______________
Veterans' benefits
16, 18
___
29
1
Ic s " id meat packmp _ _ _______________ , 7, 28
Wages and salaries
1, 3, 14-16
Medial and personal rare
_ ______
Washers
34
7
MeUh _ _____ _ _ _ _ _ 4-6,8,13-15,19,23, 32-34
Water heaters
34
Milk.. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
27
Waterway traffic
24
"ummg ^ id minerals ___ _ _ 2-4,8,13-15, 19, 20
Wheat and wheat
flour
28
19
Monetar^ "tatistics ____ ___ _ _____________
Wholesale price indexes
.......
8
Money supply ______________________________19
Wholesale trade
4, 5, 12
Mortga^" applications, Iraa-_____________10, 16, 17
Wood pulp
36
Motor carriers.
Wool and wool manufactures..
.._ 7,8,23,40
23
Motor vehicles
1,4-6, 8, 10, 11, 13-15, 19, 22,40
33,34
Mot f r s a rid generator s
_ .. _
Zinc.»__,_ _
_ _. _
34
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D.C.
PENALTY FOR PRIVATE USE TO AV
PAYMENT OF POSTAGE, $30O
(GPO)
OFFICIAL BUSINESS
First-Class Mail
Volume 42
Survey of Current Business
Numbers 1—12
1962 Index
of Special Artiele^ aiid Feattires
SPECIAL ARTICLES
No.
Inventory Condition in the Current Recovery...
Patterns of Steel Output and Demand
United States Defense Expenditures Abroad
Analysis of National Income and Product
Differential Behavior of Major Markets
Production—Employment—Prices
The Balance of International Payments in 1961..
Capital and Sales Budgets for 1962
Inventory Expectations.
State and Local Government Outlays
Automobile Purchases by Business and Consumers
..
.'.
The Balance of International Payments in the
Fourth Quarter and the Year 1961
Regional Incomes in Recovery
Size Distribution of Income in 1961
Consumer Market Developments
Capital Formation., Saving, and Credit
1
1
1
2
2
2
2
3
3
3
No.
Page
4
9
14
3
15
18
25
3
8
10
3
13
3
4
4
4
5
18
6
9
17
14
The Balance of International Payments in the First
Quarter of 1962
Foreign Travel in 1961 Maintained, Rise in 1962
Underway
National Income and Product in 1961
Personal Income by States in 1961
,
Expansion in U.S. Investments Abroad
U.S. Foreign Trade in Finished Manufactures. . .
Financing U.S. Direct Foreign Investment Capital Outlays
Seasonal Adjustment of Economic Time Series. . .
Gross National Product by Major Industries
Expansion of Fixed Capital in the United States. .
Corporate Profits and National Output
Contraction of Merchandise Export Surplus in
1962 Limits Improvement in Overall Balance
of Payments Position
Agricultural Production and Adjustment
Page
12
20
5
8
18
25
9
9
10
11
11
12
12
17
24
6
9
19
14
24
FEATURES
Construction Stimulus from Federal Grants-in-Aid.
Corporate Profits Rise Sharply in Fourth Quarter
1961
Progress of National Security Programs
Recent Trends in Manufacturing
Gross National Product Increases at Slackened
Rate
National Income and Purchasing Power Move
Higher
Employment Changes by Legal Form 1957-60.. .
Advance in Salaries as Portion of Manufacturing
Payrolls Reflects Progress in Technology
National Income and Corporate Profits. .
Steel Inventory Swings in Early 1962
Residential Construction
Capital Outlays in Moderate Uptrend
Inventory Expectations for 1962
Growth in Business Population Slowed in 1961
and 1962. .
Aro.
4
Page
2
4
4
5
3
4
3
5
5
5
10
5
6
6
6
6
6
11
2
3
5
7
10
6
11
Page
Further Rise in National Income and product in
Second Quarter
Slight Rise in Corporate Profits
Consumer Installment Credit Developments
Rise in Capital Investment—Earlier Goals for
1962 Maintained
Manufacturers Expect Sales and Inventory Increases in the Second Half of 1962
The Balance of International Payments in the Second Quarter
Financial Conditions Ease
Expansion in Government Programs in Fiscal
1963
Gross National Product and Income in the Third
Quarter
Business Capital Expenditures Programs
Manufacturers' Sales and Inventory Expectations
in First Quarter 1963
The Balance of International Payments During the
Third Quarter
LATEST SUPPLEMENT
Foreign Business Investments in the United States
Price 40 cents
Orders may be placed with the Superintendent of Documents, U.S. Government Printing
Office, Washington 25, D.C., or the nearest U.S. Department of Commerce Field Offi••;;,
Check or money order should be sent with orders.
3
9
3
5
9
11
11
11
12
12
12
10
9
@FedFRASER