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FEBRUARY
1958
TOT
^>
U. S. DEPARTMENT OF COMMERCi
OFFICE OF BUSINESS ECONOMICS
SURVEY
OF CURRENT
X^^K
/^7W\k\
Vol. 38 W <JS£{ Y\
\f\
No
"
BUSINESS
2
U. S. DEPARTMENT OF COMMERCE
FIELD SERVICE
Albuquerque, N. Mex.
321 Poet Office Bldg.
Tel. 7-0311
Memphis 3, Tenn.
22 North Front St.
JAckson 6-3426
Atlanta 3, Ga.
~ T i . 0 TVTW7TA t
^
JAckson 2-4121
.,. . _ _ __
Miami 32, Fla.
300 NE. Firs, A«.
FRanklin 9-5431
Jer]
WjE^'
FEBRUARY 1958
N^s^P^
Boston 9, Mass.
U. S. Post Office and
Courthouse Bldg.
Liberty 2-5600
Buffalo 3, N. Y.
117 Ellicott St.
,«r
. ,. 4216
,«,^
MAdison
(^ontenfo
ECONOMIC PROGRESS AND ADJUSTMENT
A Review of 1957
PAGE
*
NATIONAL INCOME AND PRODUCT IN 1957
Consumer Buying. • • • • • • •
•••••••••••••••••••••
1
4
5
_, .
. _
Charleston 4, cS. C.
Area 2,
Sergeant Jasper Bldg.
Tel. 2-7771
Cheyenne, Wyo.
207 Majestic Bldg.
Tel. 8-8931
Chicago 6, HI.
226 W. Jackson Blvd.
ANdover 3-3600
Cincinnati 2, Ohio
442 U. S. Post Office
and Courthouse
DUnbar 1-2200
PRODUCTION, DISTRIBUTION AND PRICES
Retail Trade
Price Trends
14
21
23
FOREIGN BUSINESS AND INVESTMENT
*
*
25
*
MONTHLY BUSINESS STATISTICS
S-l to S-40
Published monthly by the U. S. Department of Commerce, SINCLAIR WEEKS,
Secretary. Office oj Business Economics, M. JOSEPH ME EH AN,
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Cleveland 14, Ohio
1100 Chester Ave.
CHerry 1-7900
Dallas 1, Tex.
500 South Ervay St.
Riverside 8-5611
Denver 2, Colo.
19th & Stout St.
KEy stone 4-4151
Detroit 26, Mich.
438 Federal Bldg.
WOodward 3-9330
Minneapolis 1, Minn.
2d Ave. South and
3d St.
FEderal 2-3244
«,
,
,0 T
NewrtOrleans
12,
La.
000 a ~. ,
333 St. Charles .Ave.
EXpress 2411
New York 1, N. Y
350 Fifth Ave.
LOngacre 3-3377
Philadelphia 7, Pa
1015 Chestnut St.
WAlnut 3-2400
Phoenix, Ariz.
137 N. Second Ave.
ALpine 8-5851
Pittsburgh 22, Pa.
107 Sixth St.
GRant 1-5370
Portland 4, Oreg.
520 SW. Morrison St.
CApitol 6-3361
Reno, Nev.
1479 Wells Ave.
Tel. 2-7133
Richmond 19, Va.
llth and Main St.
Milton 4-9471
Greensboro, N. C.
407 U. S. Post Office
Bldg.
Tel. 3-8234
St. Louis 1, Mo.
1114 Market St<
MAin 1-8100
Houston 2, Tex.
Franklin and Main St.
CApitol 2-7201
Salt Lake City 1, Utah
222 SW. Temple St.
EMpire 4-2552
Jacksonville 1, Fla.
311 W. Monroe St.
ELgin 4-7111
San Francisco 11, Calif.
555 Battery St.
YUkon 6-3111
Kansas City 6, Mo.
911 Walnut St.
BAltimore 1-7000
Savannah, Ga.
125-29 Bull St.
ADams 2-4755
Los Angeles 15, Calif.
1031 S. Broadway
Richmond 9-4711
Seattle 4, Wash.
909 First Ave.
MUtual 3300
FEBRUARY 1958
By the Office of Business Economics
a
tind ^rdiu ment
A HE RISE in business activity which extended for three
years carried the economy to a peak in the third quarter
of 1957 and brought new records for the year as a whole in
output, consumption, and employment. The decline in
business in the final quarter canceled part of the earlier
1956-57 gain, but the year closed with the economy operating at a near-record level. Consumption and fixed investment held close to the third quarter peak; production
dropped moderately as sales were made from inventories
while forward purchasing was curtailed.
The slackened expansion in 1957 as a top was reached,
and the most recent shift in trend are evident from the chart
below. This records on the left a rise of 1 percent in the
volume of production in 1957, and of one-tenth in the period
since 1954, and on the right the accompanying rise in personal income and employment. The 1957 advance in curJpent-dollar gross national product did not differ greatly
from that of 1956, as both demand and cost pressures pushed
up the general price level.
Wholesale prices averaged about 3 percent above 1956,
and consumer prices registered a slightly larger relative
increase. While industrial raw materials prices trended
downward in 1957—largely in response to easing of supplydemand relationships—agricultural and manufactured finished product prices were higher. At the consumer level,
the price advance was general, led by higher prices for food
and service items.
-A Review of 1957
While output and prices were higher in 1957, the supply of
money was moderately reduced and there was a further
increase in the rate of cash turnover. In the face of restricted
supplies of new funds, business reduced liquidity, as it had
done also in 1956. Interest rates last year moved steadily
upward until the closing months, when the decline in activity
coupled with easing actions on the part of the monetary
authorities, led to lower borrowing costs and somewhat freer
credit conditions.
The year's record: National output higher
Gross national product at $434 billion in 1957 was 5 percent
higher than in 1956. The flow of personal income was
correspondingly larger in dollar terms, and this gain represented some advance also in the real purchasing power of
individuals.
The rise in income was largely concentrated in wage and
salary disbursements, which rose both absolutely and in
relation to the total income flow. The share of corporate
profits in national income declined as the volume of earnings
in 1957 was off somewhat from 1956. In light of the rise in
corporate sales, profit margins narrowed further.
The enlarged stream of income was channeled primarily
into consumer markets. Total consumer expenditures were
NATIONAL OUTPUT In 1957 Was Up
1% in Volume and 5% in Value
TREND OF BUSINESS Upward Through
Third Quarter - Off in Final Quarter
Billion Dollars
450
Billion Dollqrs
450
400
400
60
350
350
56
300
300
52
250
250
48
200
200
44
I5O
Million Persons
64
40
150
1947
49
454098°—58—
51
53
55
57
1955
1956
1957
1958
SUKVEY OF CUEEENT BUSINESS
at a new high of $280 billion in 1957, 5 percent above 1956
in dollars and up almost 2 percent in real terms. Dollar
outlays for automobiles, food, and services were all appreciably higher than in 1956, and other consumer spending was
generally well sustained.
Private investment demand in 1957 was virtually maintained at the record $67 billion for 1956. A further increase
in business fixed investment, combined with larger foreign
demands on domestic resources, approximately offset a
reduction in residential building and the virtual cessation of
inventory accumulation by business.
Purchases of Government—Federal, State, and local—increased from $80 billion in 1956 to $86% billion in 1957.
While there was little net expansion by the Federal Government within the year, spending had been on a rising scale
during 1956 and the total for 1957 was higher than in the
previous year. State and local government outlays were
kept on the upward-sloping trend which has characterized
these demands over the postwar period.
The record output achieved in 1957 brought civilian
employment to a new high average of 65 million in 1957,
roughly one-half million more than in 1956. Though farm
employment continued its long-term decline, there was a
more than offsetting gain in nonfarm jobs. Unemployment,
while rising in the latter half of the year, averaged about
the same as in 1955 and 1956—around 4 percent of the
civilian labor force. The workweek was further shortened
in 1957. Taking into account the increase in employment
and the reduction in hours worked, it would appear that the
total of man-hours worked in 1957 was little changed from
1956.
Adjustment of demands in 1957
Major influences which underlay the 1955-56 expansion
of economic activity acted with diminished force during the
progress of 1957. Among the realignment of demands was
the change involved in inventories—a typically volatile
factor in cyclical movements of business. During 1955 and
1956, demands for the Nation's output included new inventory requirements of $4% billion annually to meet the enlarged output and the shifts in the composition of the final
product.
In 1957, such requirements were small, and one of the
features of the year was the manner in which business moved
to balance inventories with sales. Movement of goods into
inventory was sharply curtailed in the first three quarters
of the year and in general—with some exceptions—inventories were not permitted to get out of line with sales.
However, with the change in the general pace of business in
the final months of the year—stemming from current and
prospective shifts in the demands for final products and industry's increasing capacity to produce—current demands
were met in part from accumulated supplies, with a consequent effect on current production. Commitments were
shortened, and greater efficiency of output and distribution
was sought.
In early 1957, some basic commodities, such as steel, were
still in heavy demand and forward commitments to buy were
well sustained. However, capacity to produce these goods
was being sharply raised while expansion of aggregate demands was slowing. Delivery schedules were considerably
shortened and customers were able to provide for their own
markets without additions to the stocks on hand.
Also, weaknesses were showing up in the prices of certain
raw materials, such as steel scrap and nonferrous metals.
These occasioned precautionary cutbacks in ordering by
users of these materials.
Finalty, the expansion of industrial capacity was proving
to be less urgent in view of general market developments.
In contrast to 1956, when pipelines were being enlarged to
February 1958
meet the needs of capacity expansion no further additions
to inventories were required on this account in 1957.
Record plant expansion
Rising expenditures for plant and equipment had provided
a major stimulus to economic activity in 1956. Most of the
expansion in outlays had been achieved by late 1956, when
the annual rate of investment amounted to $36% billion.
During 1957, the high rate of installation was maintained,
with higher prices largely responsible for the rise in dollar
outlays. Indications at year-end pointed to a lower lev^
of fixed business investment in the period immediately
ahead, as realization of some of the expansion goals and
the overall dip in business activity brought a widening gap
between capacity and the demands being placed upon it.
Foreign demand parallels general pattern
Foreign markets were a major factor in the expansion of
domestic business in 1957 as a whole compared with 1956.
After allowance for price changes, the increased volume of
exports (excluding military supplies and services transferred
as grant aid) amounted to about $2 billion, or 8 percent.
The high point in exports was reached during the first part
of the year. While still continuing in large volume, exports
declined moderately in the middle months. The rate of
decrease accelerated toward the end of the year, thus contributing to the downturn in business.
Changed Government requirements
Actual and prospective changes in the demands of Government were also of special import in shaping the pace of
general economic activity in 1957. Purchases by the Federal*
Government picked up in the latter part of 1956 and continued on an uptrend through last spring. Thereafter,
budgetary pressures were in the direction of lowered outlays
and new contracts placed last summer and early fall by the
Government fell off sharply. Federal outlays underwent a
slight reduction in the third and fourth quarters; and, combined with the cutbacks then in prospect, they had a
dampening effect on business.
New international developments, particularly in the
missiles field, brought a reappraisal of security requirements in late 1957 which changed this picture. The new
budgets for fiscal 1958 and 1959 pointed to higher Federal
spending in the period ahead. The change in program was
reflected in a rise in Government orders in the final quarter
of 1957—a rise scheduled to continue over the near-term.
A moderate increase over the fourth quarter 1957 rate of
Federal Government expenditures on goods and services
is now projected for the middle of 1958. According to
present budget plans, purchases for the 1959 fiscal year are
projected to run about $2 billion higher than the total for
the current fiscal year. The 1959 budget also calls for ^
further increase of $1 billion for grants-in-aid to State and
local governments in connection with accelerated road
construction and for increased social security benefit
payments.
Consumption rise moderates
Consumer buying helped shape the expansionary economic picture in 1§55 and 1956? and again in 1957, though
some of the earlier buoyancy was lost in the latest period.
Automobile purchases in number held near those of 1956,
but had a higher value. Purchases of other consumer
durables were likewise moderately higher in dollar terms
and about the same in physical volume. Purchasing of
February
SURVEY OF CUEEENT BUSINESS
1958
nondurable goods and for services was also higher in 1957,
and here the increases were in both dollar and volume terms.
During the closing months of the year, consumers held
their buying close to the high for the year. There was some
evidence of a lessening tendency to acquire new debt. A
more influential factor in the tapering of consumer spending
was no doubt the decline in personal income coincident
with the higher prevailing prices of goods and services which
brought real purchasing power at year-end below a year
earlier; this was in contrast to sizable year-to-year gains
experienced in 1956 and early 1957.
Differing
industrial impact
The broad changes evident in economic developments in
1957 were bound to have a differential impact on industrial
markets. Manufacturers were among the first to feel the
pressures of readjustments, though output continued high
during most of the year. However, the subsequent slide
brought manufacturing output by year-end 7K percent
below a year earlier. Within manufacturing, production
shifts varied widely. Output of steel was less than 60 percent
of capacity in December, compared with virtually full
utilization of facilities at the start of the year. On the
other hand, production in some industries, notably nondurables, was sustained at year-earlier rates.
Activity changes had a particular impact on the railroad
industry; freight carloadings at the end of 1957 were off by
one-sixth from a year earlier. While electric power output
was affected by the cutback in industrial activity, the underlying growth factors for this industry helped maintain an
upward trend. The gain in electric output from 1956 to
1957 was close to 5 percent, but by December the year-toyear gain was half this rate.
In contrast to the decline in industrial production, private
construction activity was generally stable. The 2-year
decline in residential construction was halted by mid-1957,
and a higher rate of activity was in evidence during the
second half of the year. Private housing starts for the
year as a whole were down about 10 percent from 1956
and 25 percent from 1955.
In line with the record demands of business for fixed
capital expansion, nonresidential building continued to rise
at a tapered rate through the early summer and then leveled
off over the remainder of the year. The dollar total for
1957 was about 7 percent above the previous year.
Easing of money markets at year-end
The change in the general economy in the final months of
last year led the Federal Reserve authorities to modify the
policy designed earlier to restrain inflationary demands.
Discount rates were lowered by one-half of a percentage
point in early November. This action, combined with
general capital market developments, resulted in noticeably
^asier credit conditions. By the end of December the
Decline in short-term interest rates had wiped out the previous year's advance, and long-term interest costs were also
lower.
In part, these developments reflected a reversal of borrowing trends by business firms. With working capital needs
reduced, business liquidated some of its bank debt, in contrast to the net borrowing which had been underway since
mid-1954. While it was still too early to see the impact of
these developments on mortgage financing, it seemed clear
that for the first time in more than two years some of the influences which had been restricting the availability of residential financing, and perhaps also the financing of State and
local government projects, were in the process of change late
in the year by the easing of money markets.
Year-end position
Summing up, at the end of 1957 the business situation
showed easing tendencies, with the following highlights
evident:
1. Consumers in late 1957 were purchasing at a high
rate—slightly below the peak reached in the summer of 1957.
This reflected record high incomes over most of the year,
and more recently a reduction as employment turned down.
Unemployment rose noticeably over the year-end. The
impact of this development on incomes was partially offset
by higher unemployment compensation. Incomes were also
being sustained by somewhat higher basic wage rates, which
served in the aggregate to compensate for reduced premiums
for overtime work.
2. Business sales were being maintained late in the year
at a somewhat better pace than production as some demands
were being met from inventories. There was no apparent
pressure to liquidate inventories in any cumulative degree,
although particular industries were evidently striving to
lower stock-sales ratios. The firmness of prices throughout
the year was undoubtedly a factor in the orderly adjustment
of inventory under way at year-end. While some materials
prices had been under a downward stress during 1957, price
trends in general were stable or somewhat higher in most
markets.
New orders placed with manufacturers fell short of shipments in 1957. Almost half of the consequent reduction in
unfilled orders occurred La the transportation equipment
industry, primarily in aircraft. However, in the closing
months of 1957 the backlog downtrend for aircraft was
reversed as defense ordering accelerated sharply from the
low rates prevailing in mid-year.
3. The rate of business capacity expansion—and its
attendant demands on the Nation's resources—appeared
to have reached its crest in late 1957. Forward programs
indicated some reduction. There were a few industries in
which capacity limitations were at year-end important in
shaping output policy, but more typically excess capacity
grew moderately with the fall-off in sales. However, the
rate of technological progress was high and there were large
capital needs to translate the results into business, Government, and consumer use as well as to broaden the fruits
of earlier progress.
4. Foreign demands were high for 1957 as a whole, but
tended downward over the latter half of the year. These
tendencies in export markets contributed to the changed
pattern of domestic business activity.
5. Demands ol individuals for new residential properties
firmed in the latter half of 1957, though at a rate well below
the peak reached in 1955. Housing finance in 1957 was
undoubtedly affected in special degree by the tightness in
credit terms; hence it is possible that the late 1957 easing in
money markets could serve to make for greater availability
of funds to stimulate effective demand for new housing.
6. Credit stringencies, which reached a peak in the fall of
1957, were greatly eased by the end of the year due in part
to the fall-off in business demand for short-term credit and
in part to the flexibility of Federal Reserve policies aimed at
providing credit needs without permitting the resumption of
inflationary pressures. Interest rates—particularly for shortterm funds—were lowered sharply in the final months of the
year.
7. On the side of expansion at year-end was the prospect
of increased Government purchasing. As late as the third
quarter of 1957, budgetary considerations were tending to
restrict Federal outlays. The changed international situation caused a reappraisal of national security requirements,
and the new budgets for the remainder of the current fiscal
year and the year ended in June 1959 point to an expansion
of Federal outlays.
SURVEY OF CURRENT BUSINESS
February 1958
Gross National Product
By Major Components
Billion Dollars
450
t lationcit ^sincome
425
400
375
a J^roduct in
1957
Cr ROSS NATIONAL product totaled $434X billion for the
year, advancing to a new high in both volume and value.
The portion of the increase accounted for by prices was
greater than the rise in physical output.
Successive quarterly increases carried the seasonally adjusted annual rate of GNP to a record $440 billion in the
third quarter. In the final quarter it dropped back to a rate
a little below the total for the year as a whole.
Personal income, showing a generally similar pattern of
change within the year, was at a record $343% billion for 1957.
Its 5 percent expansion, about paralleling that in gross
national product, centered largely in labor income and
transfer payments. Disposable income was up approximately in proportion, and its $13% billion advance was
matched by a rise of almost the same amount in consumer
spending.
The remainder of last year's $20 billion increase in gross
national product was accounted for by higher purchases by
the Federal and State and local governments. Total investment was about the same as in 1956, with substantial
increases in fixed capital outlays by business and in net
foreign investment offset by a further decline in residential
construction and by the disappearance of inventory accumulation as an expansionary factor.
In terms of the distribution of GNP by broad types of
product, services showed the sharpest increase from 1956 and
construction the least. The output of commodities—both
durable and nondurable—was up about 5 percent in value.
(See table 2.)
The industrial structure of production in 1957 featured
a corresponding relative expansion in the service and utility
industries, and certain lines were clearly affected by trends
in construction activity. However, shifts within the year
seem to have been much more marked than those which
emerge from a comparison of the year as a whole with 1956.
The industry changes which took place in the course of 1957
included, in particular, a softening which was widespread
among manufacturing lines and extended to certain branches
of transportation and mining as well.
GNP down in final quarter
Recent quarterly changes in gross national product and in
final purchases are presented in table 3. The total GNP
is the more closely related to the current employment situation. The movement of final purchases is significant as
abstracting from the volatile inventory-change item to uncover tendencies in the larger segments of the Nation's
market.
Personal Consumption Expenditures
J75
75
Fixed Investment
50
25
25
i
i i I i i i I i i i i t
t i I i i i I i
Change in Business Inventories
0
-25
300
Government Purchases of Goods and Services
75
50
i i i i i i i I i i i i i i i i
i
1953
54
55
56
57
58
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT A N N U A L RATES
* Including net foreign investment
U. S. Department of Commerce, Office of Business Economics
58-2- ,
The lowering of GNP in the fourth quarter of 1957
reflected a leveling off in final demand and limited but widespread liquidation of business inventories. Final purchases
were affected by a continuation of earlier declines in outlays
for national defense and in exports, as well as by a dip in
consumer purchases as disposable income fell off slightly
from the third-quarter rate. The principal offsets to these
declines were in fixed investment—including residential
building—and in purchases of State and local governments.
While the fourth-quarter reduction of final purchases was
in itself relatively small, it contrasted with a long series of
SUEVEY OF CUREENT BUSINESS
February 1958
previous quarterly advances averaging $5-$6 billion. The
reversal of direction thus represents a major shift in final
demand.
Changes in prices and real output
The volume of output rose about 1 percent above the
previous alltime high reached in 1956. (See table 4.) Total
man-hours worked evidently were about the same in the two
years.
Within the year 1957, the physical volume of production
held approximately stable during the first 3 quarters before
receding from its high plateau. The rate of total output in
the fourth quarter was off moderately from a year earlier,
though the final purchases aggregate held about even.
Among the broad categories of gross national product,
price advances from 1956 to 1957 were most pronounced in
business plant and equipment and in Government purchases.
Advances in these lines tapered last year, however, with the
slowing expansion of real investment.
Consumer-goods prices rose on a broad front during most
of the past 2 years, and for 1957 as a whole durables, nondurables, and services alike showed increases of 3 to 3% percent. For the total GNP, the rise in the implicit price
deflator last year exceeded by nearly a percentage point the
3-percent advance from 1955 to 1956.
billion. Although a decrease was recorded in the final
quarter of the year, consumer buying was still 4 percent
higher than in the same quarter of 1956. Most of th.e
1956-57 rise reflected higher prices, with real volume having
increased only moderately.
More spent for autos
Consumer outlays for durable goods last year, at $35
billion, were up moderately from 1956 as dollar auto sales
recovered part of the decline which had been registered the
year before. Purchases of other durables, chiefly furniture
and household appliances, held about even.
Consumers spent $15% billion for autos and parts, $1
billion more than in 1956 but $1% billion below the record
set in 1955. Last year's rise reflected mainly higher prices,
Plant and Equipment Expenditures
Record addition to plant facilities in 1957
Billion D o l l a r s
Rise in incomes
ANNUAL TOTALS
40
The national income at $358 billion was up roughly $14%
billion last year. The continued uptrend in employee compensation accounted for $13 billion of the expansion. Most
other types of income also registered increases.
Corporate profits through the third quarter showed little
change from 1956, however, and a drop is indicated for the
final quarter. The extent of the decline cannot be computed
at this time, in the absence of the requisite basic data.
Consumer Buying
—
30 —
20 —
10 —
Personal consumption expenditures of $280% billion were
up 5 percent in 1957. The peak came in the third quarter,
when the seasonally adjusted annual rate reached $283%
Table I*—Gross National Product
[Billions of dollars]
Total
Changes
1957
1956
Gross national product
391.7
414.7
434.4
432.6
Personal consumption expenditures
254.4
267.2
280.4
35.6
126.0
92.8
33.9
133.3
99.9
35.1
139.9
105.4
60.2
67.3
4.2
16.6
39.4
Investment. .. ..
.-
Change in business inventories
Residential construction.
Other..
Government purchases
Federal
State and local
.
Percent
Dollar
Fourth
quarter
Year seasonally
adjusted 1955-56 1956-57 1955-56 1956-67
at annual
rates
1955
Durable goods
Nondurable goods
Services
23.0
19.7
282.4
12.8
34.4
140.8
107.2
-1.7
7.3
7.1
67.6
63.3
4.6
15.3
47.4
.8
14.2
52.6
77.1
80.2
46.8
30.3
47.2
33.0
5.9
4.8
13.2
5.0
4.9
1.2
6.6
5.5
-4.8
5.8
7.6
3.5
5.0
5,5
7.1
.3
11.8
.4
-2.7
14.5
51.6
.4
-1.3
-3.8
-1.1
5.2
-7.8
20.3
86.4
87.0
3.1
6.2
4.0
7.7
60.4
36.0
49.7
37.3
.4
2.7
3.2
3.0
.9
8.9
6.8
9.1
ao
Source: U. S. Department of Commerce, Office of Business Economics.
Expansion topped off late in year, with program
cuts in view for 1958 first quarter
40 — .
•30 —
10 —
-7.2
11.0
1955
1956
* First "quarter anticipated by business
U, S. Department of Commerce, 6ftice of Business Economics
1957
1958'
ooto, sec a OB e
SURVEY OF CUREENT BUSINESS
6
partly offset by a small relative shift from medium- to lowpriced cars; the number of new autos purchased differed
little from 1956.
Outlays for nondurables, services up
Personal consumption expenditures for nondurable goods
totaled $140 billion last year, 5 percent more than in 1956.
These outlays accounted for one-half of all consumer spending, their fraction of the total leveling off in 1957 after
having declined in most other years of the postwar period.
The major part of the 1957 increase in nondurables was
in food, where a marked price advance occurred. Outlays
for oil and gas continued to rise sharply in 1957. In addition to the effect of higher prices, there was some increase in
the physical volume of consumption in each of these
categories.
Outlays for clothing and other nondurables increased
moderately, though in most cases by lesser amounts than
in 1956 and with price rises a significant factor.
Expenditures for consumer services in 1957 advanced $5%
billion above the $100 billion total of the year before. The
increase was widely distributed among the various types
of services, and a significant part of it reflected a higher
volume of consumption. Spending on housing and household
operation, for example, rose with the increased number of
dwellings and higher average real consumption of utility and
other services, as well as with the advances in rentals and
some other rates. Somewhat more than half of the total rise,
however, seems to have been accounted for by an increase
in service prices paralleling that in prices of consumer
commodities.
Business Investment
Gross investment in 1957 approximately matched the peak
achieved for 1956. A number of important changes occurred
in the composition of the total.
Table 2.—Gross National Product, by Major Type of Product
[Billions of dollars]
<*ross national product
Goods
Durable
Nondurable
Services
Construction
1953
1954
1955
1956
363.2
361.2
391.7
414.7
434.4
206. 9
197. 4
214. 4
226. 0
236. 6
79. 2
70. 7
81. 4
86. 2
90. 1
127. 7
126. 7
133. 0
139. 8
146. 5
119. 1
124. 1
132. 7
142. 5
150. 7
37. 2
39. 7
44. 6
46. 1
47. 2
1957
Source: U. S. Department of Commerce, Office of Business Economics.
The total value of residential building was lower in 1957
for the second successive year. At its low last spring, the
seasonally adjusted annual rate was down $1% billion, or
one-tenth, from the final quarter of 1956. By the final
quarter of 1957, about $1 billion of this decline had been
recovered.
The drop from 1956 to 1957 in the full-year totals for
residential building involved contraction in new mortgage
borrowing. The volume of borrowed funds available for
residential financing was restricted by the generally tight
credit conditions which prevailed over most of the year. In
February 1058
particular, the continuing rise in interest rates for most
forms of long-term investment tended to place Governmentunderwritten mortgages, with their interest-rate ceilings, at
a comparative disadvantage. Conventional financing was
generally available throughout the year, though at rising
rates of interest.
While the rate of home-buying declined, individuals
stepped up their accumulation of corporate securities and
other financial earning assets. Persons' net purchases of
corporate securities amounted to $8 billion in 1957, compared to $5% billion in 1956 and less than $1% billion annually
in the early postwar period. Savings accounts were likewise
up substantially in 1957. Holdings of lower-yielding types
of liquid assets, on the other hand, were generally even or
down at year-end.
Table 3.
Gross National Product and Final Purchases (Seasonally
adjusted annual rates in billions of dollars)
Year and quarter
Gross
national
product
Less:
Equals:
Inventory
Final
change purchases
Change in
final
purchases
1956—1_
405. 2
410.8
416. 7
426. 0
5. 2
4. 6
3.3
5. 1
400. 0
406. 2
413. 4
420. 9
6. 2
7. 2
7. 5
1957— !._
429. 9
435. 5
440. 0
432. 6
.0
2. 9
3. 0
-2.7
429. 9
432. 6
437. 0
435. 3
9. 0
2. 7
4. 4
-1. 7
II
Source: U. S. Department of Commerce, Office of Business Economics.
In the acquisition of assets in 1957, individuals again
expanded their debt. The increase was, however, somewhat
less than in 1955 and 1956, when the debt expansion was of
record proportions.
Further expansion in plant facilities
Most industry divisions contributed to the further rise in
plant and equipment expenditures from 1956 to 1957. The
largest relative increase occurred in the public utilities, where
outlays jumped by more than one-fourth—double the 195556 rate of rise. The railroads raised their total expenditure
by about one-eighth, as did the communications industry.
Other industries generally reported investment up moderately, though in the commercial group it was off some 10
percent from the record 1956 figure. In terms of dollar
magnitude, the principal increases were those recorded for
manufacturing, the utilities, and the railroads.
Manufacturing investment up
Manufacturers' outlays for new plant and equipment
totaled $16 billion in 1957, 7 percent more than in the previous year. Programs of durable- and especially nondurablegoods producers contributed to the rise.
In each branch the largest relative increases from 1956
were those reported by basic materials producers. Table 7
compares these increases with those for other manufacturers.
Durable-goods manufacturing industries outside the primary metals groups showed mixed trends, depending on
the markets for their own products. A number of industries
such as nonelectrical machinery, selling primarily to business on capital account and to government, raised their
investment programs. Those producing consumer durable
goods, residential construction materials, or related products,
on the other hand, generally invested less in 1957 than in
1956.
SURVEY OF CURRENT BUSINESS
February 1958
The electric and gas utilities, which had been increasing
their fixed investment virtually uninterruptedly during the
postwar period,7 reported a further sharp expansion in 1957.
Gas companies spending rose the more rapidly in the first
half, but turned down toward year-end, while expenditures
by the electric utilities continued upward and are expected
to rise still further in the initial quarter of 1958.
The substantial expansion in railroad outlays in the first
three quarters of last year carried the 1957 total above 1956
despite a drop in the fourth quarter.
Financing corporate investment
Last year's increase over 1956 in business fixed investment
was essentially a reflection of the expanded outlays of
corporations. These were financed without a repetition of
the substantial 1956 rise in long-term bank borrowing, as
flotations of new corporate bonds and other securities
jumped from $8 billion to $11 billion, a postwar high.
Nearly all major industry groups increased their calls on
the capital markets in 1957.
Debt issues continued to account for by far the larger part
of corporate security financing, and came to market in heavy
volume throughout the year. Equity offerings, in contrast,
tapered somewhat in the latter half.
As the Corporate Financing chart makes clear, internal
sources in 1957 were again the mainstay of corporate financing. For the second successive year, corporations supplemented their operating sources—retained earnings and
depreciation allowances—by liquidating Federal securities.
These three internal sources combined provided a total of $28
billion in 1957—a little less than the year before, but well
above any prior year.
While the demand for long-term funds remained extremely
nigh in 1957, corporations7 use of new short-term financing
was greatly reduced. In general, this reduction stemmed
primarily from the adoption by business of a more conservative inventory policy, and was most pronounced in the latter
part of the year. Accordingly, though the uptrend in
short-term business debt to banks which had extended from
mid-1954 through 1956 continued at a slower pace in early
1957, repayments matched new borrowing during the summer
and appear to have brought about some net liquidation in
the final quarter. Virtually all major industry groups
showed this slackening of demand for bank funds.
The increase in long- and short-term debt combined,
though not so sharp as in 1956, involved further additions
to fixed servicing charges; and the higher interest rates 011
funds borrowed last year also contributed to this effect.
With profits somewhat below the previous year, these charges
constituted a considerably larger share of corporate income.
The ratio of interest payments to profits before taxes and
interest was about 13 percent for 1957 as a whole and somewhat higher at year end, as against 11% percent in 1956.
This interest burden, however, was still relatively light by
prewar standards; the comparable ratio in 1929 and 1939,
for example, was 30 percent.
More conservative inventory policy
A policy of restricting the growth of stocks was initiated
early in 1957 in many lines of business. Since the autumn
of 1954 a very substantial buildup of inventories had accompanied the widespread expansion of final-use demand, with
the marked rise in new and unfilled orders for capital equipment and military hard goods having had an especially
strong effect on inventory needs. While aggregate final
demand remained high in 1957, its growth slowed; this,
together with the continued high rate of fixed investment,
contributed to a lessening of pressures on capacity, an easing
in supply conditions, and a softening of prices in some
market areas. New orders for industrial goods reached their
peak late in 1956, and their subsequent decline with output
high brought a steady reduction in backlogs of unfilled
orders.
For these and other reasons, after the end of 1956 inventories in many lines appeared adequate for current operations,
and nonfarm inventory building was reduced to a seasonally
adjusted annual rate of $1% billion during the first 3 quarters
of 1957. Even this limited expansion came to an end by
September, and stocks were drawn down in the closing
months of the year. For 1957 as a whole, apart from the
effects of price advances there was virtually no change in
total nonfarm inventories.
Table 4.—Gross National Product or Expenditure in Constant Dollars and Implicit Price Deflators for Gross National Product, 1953-57
1953
Gross national product
-
_ _ _ _
Personal consumption expenditures
Durable goods
Nondurable goods _ _ _ _ _ _ _
Services
_
Gross private domestic investment
New construction
_ _
_ __ _
Producers' durable equipment
Change in business inventories
.
_
N e t foreign investment
Gross government product *
Other gross product
2
_
_
1955
1956
1957
1953
1954
1955
1956
1957
305.3
301.3
322.8
332.0
335.2
119.0
119.9
121.3
124.9
129.6
_ _
197.4
26.7
105.4
65.3
200.9
26.9
106.3
67.6
215.4
32.2
111.9
71.3
222.5
30.5
117.0
75.0
226.1
30.5
119.0
76.7
116.8
111.7
112.9
125.0
117.7
109.0
113.4
128.1
118.1
110.7
112.5
130.1
120.1
111.3
113.9
133.2
124.0
115.0
117. 6
137. 5
38.5
19.8
19.0
-.3
37.9
21.4
17.6
-1.0
46.6
24.7
18.1
3.8
47.6
24.1
20.1
3.4
44.4
23.2
20.7
.6
130.1
127. 8
129.7
128.1
132.2
130.9
138.0
139.6
142.9
147.3
142.4
,135. 3
153.7
__ _
_ _ _
1954
_ _ _ _
__
__
Government purchases of goods and services
Federal
State and local
Implicit price deflators for gross national product
(index numbers, 1947=100)
Gross national product in constant dollars
(billions of 1947 dollars)
Item
__
_
__._
___
_
-.3
1.2
1.3
3.0
4.0
69.6
51.1
18.5
61.2
41.0
20.2
59.4
37,8
21.6
58.9
36.3
22.5
60.7
37.3
23.4
121.2
116.3
134.6
125.2
119.2
137. 3
129.7
123.6
140.3
136.3
129.9
146.6
24.6
24.0
23.8
24.0
24.3
128.9
134. 1
142.3
150.2
158. 1
280.7
277.3
299.0
308.0
310. 9
118. 1
118.6
119.7
122.9
"'127.4
1. Compensation of general government employees';
2. Gross national product less compensation of general government employees, i. e., gross product accruing from domestic business, households, and institutions, and from the rest.of the
world.
Source: U. 8. Department of Commerce, Office of Business Economics.
SUEVEY OF CUBKENT BUSINESS
8
February 1958
Table 5.—Gross National Product, National Income, and Personal Income, 1955, 1956 and 1957
[Billions of dollars]
Unadjusted
1955
1956
Seasonally adjusted at annual rates
1957
1957
1956
I
II
III
IV
1957
I
II
III
IV
I
II
III
IV
GROSS NATIONAL PRODUCT
OR EXPENDITURE
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services.
_
_,
_
Gross private domestic investment. _
New construction
Residential nonfarm
Other
Producers' durable equipment..
391.7
414.7
434.4
104.2
108.1
108.7
113.3
405.2
410.8
416.7
426.0
429.9
435.5
440.0
432,1
254.4
267.2
280.4
65.8
69.7
69.3
75.6
262.8
265.0
268.6
272.3
276.7
278.9
283.6
282.4
35.6
126.0
92.8
33.9
133.3
99.9
35.1
139.9
105.4
8.1
31.6
26.1
8.9
34.4
26.4
8.4
34.8
26.2
9.7
39.2
26.6
34.6
130.9
97.2
33.3
132.7
99.0
33.0
134.4
101.1
34.8
135.3
102.2
35.9
137.3
103.4
35.0
139.1
104.9
35.0
142.5
106.1
34.4
140.8
107.2
60.6
65.9
64.4
16.7
15.7
16.9
14.9
64.4
65.3
65.5
68.5
63.6
66.2
66.5
61.3
32 7
33.3
33.2
7.1
8.2
9.1
8.7
32.9
33. 6
33.2
33.4
32.8
32.7
33.0
34.0
16.6
16.1
15.3
18.0
14.2
19.0
2.9
4.2
3.6
4.7
4.0
5.2
3.7
5.0
15.7
17.3
15.5
18.1
15.1
18.1
15.1
18.4
14.4
18.5
13.7
19.0
14.0
19.0
14.5
19.5
23.7
28.1
30.4
7.5
8.0
7.4
7.4
26.3
27.2
29.0
29.9
30.7
30.5
30.5
30.0
4.2
4.0
4.6
5.0
.8
.2
2.2
2.1
-.6
— .7
.4
.2
-1.2
-1.4
4.6
5.0
3.3
3.9
5.1
5.7
.00
2.9
2.2
3.0
2.3
-2.7
-3.4
Net foreign investment .
-.4
1.4
3.2
1.0
.9
.4
.9
5.2
5.4
2
1.2
2.0
2.4
4.1
3.5
3.2
2.0
Government purchases of goods and services
77.1
80.2
86.4
20.7
21.8
22.0
21.8
78.2
79.3
80.6
82.8
85.6
86.9
86.7
87.0
Change in business inventories, totalNonfarm only
Federal
-
_
National securitv
National defense
Other national security
Other
.
Less: Government sales
State and local
.__
.
46.8
47.2
50.4
12.6
12.8
12.7
12.4
46.2
46.4
47.3
49.0
50.3
51.1
50.6
49.7
41.3
42.4
45.7
11.4
11.6
11.5
11.3
41.1
41.6
42.7
44.2
45.5
46.3
45.8
45.0
39.1
2.2
40.4
2.0
43.7
2.0
10.9
.5
11.1
.5
11.0
.5
10.8
.5
39.1
2.0
39.5
2.1
40.9
1.9
42.0
2 2
43.6
1.9
44.2
2.1
43.8
2.0
43.0
2.0
5.9
5.2
5.2
1.3
1.3
1.3
1.3
5.5
5.2
4.9
5.1
5.2
5.2
5.2
5.0
.4
.4
.4
.1
.1
.1
.1
.4
.4
.4
.4
.4
.4
30.3
33.0
36.0
8.1
9.1
9.4
9.4
32.0
32.9
33.3
33.9
35.3
35.8
36.1
37.3
324.1
343.6
358.0
87.8
89.9
91.1
335.8
340.6
344.5
353.3
355.6
358.5
362.6
223.1
241.4
254.4
62.0
63.3
65.0
64.1
234.5
240.0
242.7
247.9
251.1
254.0
257.0
255.3
210.3
227.2
238.8
57.9
59.2
61.1
60.6
220.9
226.1
228.3
233.3
235.9
238.6
241.3
239.5
174.4
9.8
26.1
189.4
9.7
28.2
199.0
9.7
30.1
48.1
2.4
7.4
49.4
2.4
7.4
51.3
2.5
7.4
50.2
2.4
8.0
183.9
9.7
27.3
188.4
9.7
27.9
190.1
9.7
28.5
194.7
9.7
28.9
196.8
9.6
29.4
199.1
9.7
29.7
200.9
9.8
30.6
199.1
9.5
30.8
12.7
14.1
15.6
4.1
4.1
3.9
3.6
13.7
13.9
14.4
14.6
15.3
15.4
15.7
15.8
49.4
49.9
51.2
12.7
12.8
12.9
12.8
49.3
49.7
50.0
50.7
50.9
51.2
51.7
51.3
27.3
11.9
10.2
28.0
11.6
10.3
12.1
10.4
3.0
2.6
3.0
2.6
3.0
2.6
3.1
2.6
27.7
11.4
10.2
28.0
11.5
10.3
28.2
11.5
10.4
28.3
12.0
10.4
28.4
12.0
10.4
28.7
12.1
10.4
29.1
12.2
10.4
28.6
12.2
10.4
40.7
40.4
10.0
10.6
9.9
40.5
39.1
39.8
42.4
41.2
40.7
40.9
42.5
43.0
10.8
10.8
10.3
43.3
42.4
40.8
45.6
43.9
42.0
41.8
21.5
21.0
22.0
21.0
5.5
5.3
5.5
5.3
5.3
5.0
22.1
21.2
21.6
20.7
20.8
19.9
23.3
22.3
22.4
21.5
21.4
20.5
21.3
20.4
.4
NATIONAL INCOME
BY DISTRIBUTIVE SHARES
National income
Compensation of employees
-
Wages and salaries
Private
Military
Government civilian
Supplements to wages and salaries
._.
Proprietors' and rental income *_ _ __
_ _.
Farm
Rental income of persons
Corporate profits and inventory valuation adjustment
Corporate profits before tax
Corporate profits tax liability
Corporate profits after tax
-1.7
-2.6
-.7
-.3
-.3
-2.8
-3.2
-3.2
-2.7
Net interest
10.9
11.9
12.8
3.1
3.2
3.2
3.3
11.5
11.7
12.0
12.3
12.5
12.7
13.0
13.3
Addendum: Compensation of general government employees™ _ _
- .
33.9
36.1
38.4
9.4
9.5
9.5
9.9
35.0
35.8
36.6
36.9
37.5
38.0
39.0
39.0
305.9
326.9
343.4
83.0
85.3
87.4
87.7
318.5
325.3
328.7
334. 5
338.3
343.2
346.9
345.5
9.1
38.9
39.5
39.8
40.5
42.2
42.9
43.6
43.4
8.0
1.1
34.4
4.5
35.0
4.5
35.2
4.6
35.8
4.7
37.4
4.9
38.0
4.9
38.6
5.0
38.3
5.1
Inventory valuation adjustment
-1.0
-1.3
-.9
PERSONAL INCOME
AND ITS DISPOSITION
Personal income
„
35.8
39.7
42.8
11.3
11.8
10.6
31.5
4.2
35.1
4.6
37.8
5.0
10.0
1.3
10.3
1.4
9.5
1.1
FJqnate: Disposable personal income
270.2
287.2
300.6
71.7
73.5
76.8
78.6
279.6
285.8
288.8
294.0
296.1
300.4
303.3
302,1
Less* Personal consumption expenditures
254.4
267.2
280.4
65.8
69.7
69.3
75.6
262.8
265.0
268.6
272.3
276.7
278.9
283.6
282.4
15.8
20.0
20.2
5.9
3.8
7.5
3.0
16.8
20.8
20.3
21.7
19.5
21.4
19.7
19.8
Less: Personal tax and nontax payments
Federal
State and local
Equals: Personal saving
_
_.
-
1. Includes noncorporate inventory valuation adjustment.
Source: U. S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUERENT BUSINESS
February 1958
Rise slows in manufacturing
The machinery, aircraft, and fabricated metals industries,
which under the impetus of the continued upswing in demand for producers' durables and for defense equipment had
accounted for a major part of the 1956 increase in all durables manufacturers7 inventories, last year reported comparatively little change. Sales being fairly well maintained, the
stock-sales ratio for these industries at the end of 1957 was
about the same as a year earlier. In primary metal manufacturing, however, the total value of ferrous producers'
stocks in particular continued to rise almost to the end of
1957; and, with sales declining, the inventory ratio increased
tibstantially.
In the nondurable-goods industries, accumulation tapered
during the first half, and liquidation developed thereafter.
For the year as a whole, increases were smaller than those
of 1956 in most of the lines for which separate data are
available. In general, stock-sales ratios showed moderate
increases.
The limited rise in book value of manufacturers' inventories during 1957 centered in finished goods. Among nondurables producers, apart from a rise in the petroleum groups
such stocks were generally stable in 1957. Most durablegoods industries, by contrast, reported increases in holdings
of finished stocks; in the aggregate, these rose almost as
much last year as during 1956, and fully accounted for the
1957 growth of inventory book values in these industries.
Trade inventories cut
After rough adj ustment for the price factor, the tendency
to liquidation appears to have been general both in wholesale and in retail trade, although automotive stocks and
the holdings of food retailers may be noted as exceptions.
S,etail sales of nondurables rose through the greater part of
me year, and the stock-sales ratio for these stores was
considerably lower at the end of 1957 than a year earlier,
with most lines of trade contributing to the reduction.
Among major hard-goods retailers, the principal change in
such ratios was a substantial rise for auto dealers.
9
Both durable- and nondurable-goods wholesalers' stocks
showed substantial net liquidation last year, if allowance is
made for the higher average unit prices reflected in the book
values at year-end.
The adjustment in business inventories which featured
the final quarter of the year reduced stocks in manufacturing
and trade overall by less than $1 billion, or roundly 1 percent.
The pattern was broadly consistent with the tendencies
apparent for the year as a whole in contrast to 1956. In
manufacturing, the drop centered in durables lines, as had
much of the earlier tapering in inventory growth. In the
fourth quarter the primary nonferrous metals group joined
the general trend to liquidation. By stage of fabrication,
the cuts were mainly in goods in process of durables producers
and in holdings of purchased materials.
In trade, inventories were reported up in the fourth
quarter by durable-goods retailers—nonauto as well as
auto—while the overall liquidation of nondurables was
accelerated.
Government Purchases
Government purchases of goods and services were up
$6 billion in 1957, with the Federal Government accounting
for half the advance and for nearly three fifths of the year's
$86% billion total. Eising prices contributed in large measure
to the expansion in dollar outlays. The rate of expenditure
leveled off in the latter half of 1957, as increases in State
and local purchases were offset by reductions in Federal
defense spending (table 8).
The advance in Federal Government purchases centered
in national security outlays. These outlays—which include
purchases for the military assistance program, the development of atomic energy, and the stockpiling of strategic and
critical materials—reached an annual rate of $46% billion
in the April-June quarter, and then tapered off somewhat in
the latter part of the year. Expenditures for major military
Table 6.—Relation of Gross National Product, National Income, and Personal Income, 1955, 1956 and 1957
[Billions of dollars]
Unadjusted
1955
1956
1957
1957
I
Gross national product
Less* Capital consumption allowances
Indirect business tax and nontax liabilityBusiness transfer payments
Statistical discrepancy
Jjftis: Subsidies less current surplus of government enterprises-
II
III
IV
II
III
IV
434.4
104.2
108.1
108.7
113.3
405.2
410.8
416.7
426.0
429.9
435.5
440.0
432.6
37.1
36.9
1.3
9.0
8.8
.3
—1.6
9.2
9.2
.3
___ -j
9.3
9.4
.3
—1.1
9.6
9.6
.3
33.3
34.1
1.3
1.5
33.9
34.7
1.3
1.3
34.6
35.1
1.3
2.3
35.3
36.1
1.3
1.6
36.1
36.4
1.3
1.8
36.6
36.6
1.3
4.1
37.4
37.1
1.3
3.4
38.2
37.4
1.3
.4
1.4
1.3
.2
.4
.4
87.8
89.9
91.1
Less: Corporate profits and inventory valuation adjustmentContributions f o r social insurance
_ _
Excess of wage accruals over disbursements
40.7
11.0
.0
40.4
12.4
.0
14.4
.0
10.0
4.1
.0
10.6
4.1
.0
9.9
3.4
.0
Plus* Government transfer payments
Net interest paid by government
Dividends
Business transfer payments-.
16.1
5.2
11.0
1.3
17.2
5.7
11.9
1.3
19.9
6.0
12.1
1.3
4.8
1.3
3.0
.3
5.1
1.8
2.9
.3
305.9
326.9
343.4
83.0
85.3
Source: U. S. Department of Commerce, Office of Business Economics.
I
34.3
35.0
1.3
1.6
358.0
454098°
IV
414.7
1.1
Equals: Personal income
III
31.6
32.9
1.3
2.1
343.6
_
II
I
391.7
.2
_
1957
1956
324.1
Equals: National income
Seasonally adjusted at annual rates
.8
1.0
1.1
1.6
1.4
1.6
1.7
335.8
340.6
344.5
353.3
355.6
358.5
362.6
2.8
.0
40.5
12.0
.0
39.1
12.2
.0
39.8
12.5
.0
42.4
12.8
.0
41.2
14.2
.0
40.7
14.3
.0
40.9
14.6
.0
14.5
.0
4.9
1.5
2.9
.3
5.2
1.4
3.4
.3
16.6
5.5
11.7
1.3
17.1
5.7
12.0
1.3
17.4
5.8
12.1
1.3
17.7
5.9
11.5
1.3
18.4
6.0
12.4
1.3
20.0
6.0
12.5
1.3
20.0
6.0
12.6
1.3
21.2
6.1
11.7
1.3
87.4
87.7
318.5
325.3
328.7
334.5
338.3
343.2
346.9
345.5
10
SURVEY OF CURRENT BUSINESS
procurement items were one-eighth above the 1956 total,
reflecting stepped up procurement of aircraft and guided
missiles. Expenditures for the testing and evaluation of
newly developed weapons and other military items also increased during the year.
^ Non security purchases, including the price-support operations of the Commodity Credit Corporation, showed little
overall change from 1956,
State and local government outlays for goods and services,
which have increased each year in the postwar period,
advanced 9 percent last year to a total of $36 billion. Com-
February 1958
Table 7.—Plant and Equipment Expenditures
1956
1957
Change
(Billions of dollars)
Durable-goods manufacturers.__
7. 6
8. 0
0.4
6
Primary iron and steel
Primary nonferrous metals
Other
1.3
.4
5. 9
1.7
.8
5. 5
.4
.4
-.4
34
106
7. 3
8.0
.7
9
1.5
3.1
2.7
1.8
3.5
2.7
.3
.4
.0
20
12
0
Nondurable-goods manufacturers
Chemicals
Petroleum
Other
Source: U. S. Department of Commerce, Office of Business Economic
CORPORATE FINANCING
New Capital Requirements
In 1957 Featured:
> Further expansion of fixed capital outlays
> Sharply reduced inventory accumulation
Billion Dollars
20
10 r-
Plant
Equipment
Inventories
Receivables 8
Other Current Uses
• Curtailed short-term borrowing
• Same relative use of internal resources and
long-term external financing
10
F-
Internal
Data; Based on SEC 8 other financial data
U. S. Department of Commerce, Office of Business Economics
58 - 2 - 3
Percent
change
o
pensation of employees, outlays for construction, and
purchases of other commodities and services from business
were all at peak yearly totals.
As shown in table 8, total Government expenditures
include not only purchases of goods and services but also
transfers, interest payments, subsidies, and, in the case of
the Federal Government, grants-in-aid to the State and
local governments.
As measured in national income accounts, Federal expenditures totaled more than $79 billion last year as compared with $72 billion the year before. As already noted,
$3 billion of this increase reflected expanded purchases.
Transfers were also higher, a $2% billion advance covering
increased benefit payments under the social security program
as well as higher compensation and pension payments to
veterans. Grants to State and local governments were up
from 1956, primarily because of the highway program. An
increase in subsidy payments reflected the first full year of
operation of the soil bank program, together with the greater
losses incurred last year in connection with the export of
agricultural commodities for foreign currencies.
Federal revenues increased $4% billion in total, as personal taxes rose with the expansion in income and contribul
tions for social insurance also advanced. With expenditures
rising $2% billion more than receipts, however, the surplus
on income and product account was reduced from $6 billion
in 1956 to $3% billion last year.
State and local governments expended a total of $40%
billion last year, $3% billion more than in 1956. Practically all of this increase was for goods and services. Though
it was accompanied by increased property and sales taxes
and larger grants-in-aid from the Federal Government,
the deficit on income and product account rose $% billion
in 1957 to $2 billion.
Implications of new budget
Federal purchases moved up in each quarter of 1956 and
continued to rise through the second quarter of 1957, when
defense outlays began to taper off. However, in light of
the latest budgetary estimates of Federal expenditures for
the fiscal years 1958 and 1959, these expenditures are expected to strengthen in the next several quarters.
Table 9 summarizes Federal receipts and expenditures
as shown in the Budget, and presents a translation of thesP
estimates to the income and product account basis. A
moderate increase over the October-December 1957 rate of
purchases is projected by the middle of 1958; and for fiscal
year 1959 as a whole the Budget implies a purchases total
up about $2 billion from fiscal year 1958. Around threefourths of this increase is programmed for defense outlays—
covering larger expenditures for guided missiles, nuclear
ships, research and development, and newly developed
weapons and materials.
The Budget also indicates a further increase of $1 billion
in fiscal 1959 for the non-purchase items: Grants-in-aid to
State and local governments will be greater in 1959, re-
SURVEY OF CURRENT BUSINESS
February 1958
fleeting accelerated road construction under the interstate
highway program; and social security benefit payments will
continue to advance.
Even prior to the time when the purchases are paid for,
the letting of Federal contracts has an important impact
on economic activity. In the last half of calendar 1957,
obligations covering new contracts for major procurement,
construction and other defense items dropped to $8 billion.
In the first half of calendar 1958, however, this total is
scheduled to rise above $13 billion.
11
dominated components, including employee compensation
and interest and dividends, rose the most; proprietors* earnTable 9."-"Federal Government Receipts and Expenditures: Administrative Budget, Cash Budget, and National Income and Product
Account
[Billions of dollars}
Estimates for fiscal
years
1958
Income Expansion
The 1956-57 rise in the value of gross national product
was mirrored in national and personal income. Industrially,
the advance in national income was most pronounced in
public utilities, trade, service, and finance, and least in manufacturing, mining, and transportation, which usually are
much the more sensitive to changes in overall demand. A
related pattern appears when last year's rise is analyzed in
terms of income types: the typically less sensitive or trendTable 8.—Government Receipts and Expenditures on Income and
Product Account, 1953-57
1954
1955
1956
Total receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
_
Contributions for social insurance
_ _
70.4
64.0
72.5
78.2
82.6
32. 4
19. 5
29. 2
16. 7
31. 5
20. 6
35. 1
21. 0
37. 8
11. 2
10. 1
11. 0
11. 6
12. 3
7. 4
8. 1
9. 3
10. 5
12. 5
Total expenditures
Purchases of goods and services
Transfer payments
Grants-in-aid to State and
local governments
Net interest paid
Subsidies less current surplus
of government enterprises
77.5
69.4
68.9
72.0
79. 1
59. 5
9. 7
48. 9
11. 6
46. 8
12. 5
47. 2
13. 5
50. 4
15. 9
2. 8
4. 7
2. 9
4. 8
3. 0
4. 7
3. 3
5. 2
4. 1
5. 4
.8
1.2
1.8
2.8
3.3
Surplus on income and product
-7. 1 -5.4
transactions.
3.6
6.2
3.5
30.5
33. 3
35.8
38.5
State and local
28.7
Total receipts
Personal tax and nontax re3. 4
ceipts
Corporate profits tax accruals _
.8
Indirect business tax and non19. 0
tax accruals
Contributions for social insur1. 4
ance
2. 8
Federal grants-in-aid
Current surplus of government
1. 3
enterprises
3. 8
.8
4. 2
1.0
4. 6
1.0
5. 0
1.0
20. 1
21. 8
23. 4
24. 6
1. 6
2. 9
1. 7
3. 0
1. 8
3. 3
2. 0
4. 1
1. 4
1. 6
1. 7
1. 9
28.4
31.5
34.3
37.2
40.6
24. 9
3. 2
.3
27. 7
3. 4
.4
30. 3
3. 5
.5
33. 0
3. 7
.5
36. 0
4. 0
.6
.2 -1.0 -1.0 -1.4
-2.0
Surplus on income and product
transactions
Source: U. S. Department of Commerce, Office of Business Economics.
-_
National income and product account:
Receipts
Expenditures
Goods and services
Other
Surplus
_
__
72. 4
72.8
-. 4
74.4
73.9
.5
85. 1
84.9
.2
87.3
86.7
.6
84.0
81.0
50. 0
31.0
3.0
86.5
84.0
52. 0
32.0
2.5
1957
Federal
Total expenditures
Purchases of goods and services
Transfer payments _ _ _
Net interest paid
Cash budget:
Receipts
Expenditures
Surplus
.
..
Sources: Administrative and cash budgets, Bureau of the Budget; national income and
product account data, U. S. Department of Commerce, Office of Business Economics, based
on estimates in the Budget for the fiscal year 1959.
[Billions of dollars]
1953
Administrative budget:
Receipts
Expenditures
Surplus or deficit ( — ) .
1959
ings showed a relatively limited advance; and the corporate
profits share actually declined. In part, each of these related
patterns is traceable to the decline in economic activity
which marked the closing months of last year.
Industry shift
In table 11, the major industry divisions are grouped according to the relative responsiveness or resistance they have
shown to the broad movements of national demand since
1953. While there has of course been some diversity of experience among the industries within each group, on the
whole the individual industry divisions have conformed
rather closely to the group patterns in the four-year period
ending in 1957.
The first group includes those lines—manufacturing,
mining, and transportation—in which the 1953-54 downswing of national income mainly centered. The subsequent
recovery was reflected in a sharp advance in these industries
a year later; this increase slowed markedly in 1956, particularly in the case of manufacturing. It tapered still
further in 1957, as all three industries reached peaks in
the first half of the year and turned down in the latter half.
The second group of industry divisions includes trade,
service, finance and public utilities; as noted, these were the
industries which registered the strongest relative advances
last year. Though the table shows clearly that the course
of income in these lines was influenced to some extent by
the same broad movements of overall demand which are
reflected in the first group, this cyclical influence has been
comparatively moderate. Holding closer to an upward
trend line, the group showed strength in 1954, a relatively
limited spurt in 1955, and a similarly limited tapering of
expansion since then. Most of these industries apparently
continued to expand throughout 1957.
Recent changes in income from agriculture, contract construction, and government do not fit well into either of the
foregoing patterns. The flow of income from government
SURVEY OF CURRENT BUSINESS
12
has generally varied like that from the relatively stable
industries included in the second group, but with less
expansion in 1954 and no tapering of annual growth since.
The contract construction industry likewise conformed
throughout most of the period to the pattern shown for the
second group, but advanced relatively little in 1957. Income originating in agriculture ended a 4-year decline in
1956 and moved up somewhat last year.
Types of income
The $14% billion rise in national income from 1956 to 1957
reflected an expansion of $11% billion in wages and salaries,
an increase of $1% billion in supplements to wages and
salaries, and moderate increases in proprietors' income and
net interest. Rental income held almost even, and corporate
profits were off somewhat.
Payrolls in 1957, at $239 billion, were 5 percent higher
than the year before. This relative increase was about equal
to that in average hourly earnings. Total man-hours were
FEDERAL GOVERNMENT BUYING
1959 Budget Indicates Rise After Dip
February 1958
little changed from 1956, as employment was up about 1
percent and average hours per week were down by about the
same fraction.
Employment declined in manufacturing, but advanced in
most other areas of the private economy as well as in government. There were marked payroll gains in wholesale trade,
services, finance, and State and local governments.
^ The rise in supplements to wages and salaries reflected the
higher social security contribution rate which went into
Table 10.—National Income by Major Industrial Division, 1953-57
[Billions of dollars]
Item
All industries, total
Agriculture, forestry and
fisheries
_
Mining
Contract construction
M anuf acturing
Wholesale and retail trade _ _
Finance, insurance, and real
estate
Transportation
Communications and public
utilities
Services
Government and government enterprises _
Rest of the world _
1953
1954
1955
1956
302.1
299.0
324. 1
343.6
358.0
17. 5
5 5
15. 1
16. 9
4 9
15. 5
16 2
5 4
16 6
16 1
6 0
17 7
16 8
6 2
18 2
96. 4
50.5
90. 0
51. 1
102 4
54.8
108 1
57.9
110 2
60. 8
26. 2
28. 1
29 3
30 9
32 4
15. 8
14. 5
15 7
16 7
17 2
10 0
28. 5
10 7
29 7
11 5
32 5
12 5
35 6
13 3
38 0
35. 2
1. 5
35. 8
1. 8
37. 7
2. 0
40. 1
2. 1
42 6
2. 4
1957
Source: U. S. Department of Commerce, Office of Business Economics.
20
.' l t I i i i I i i i 1 i ! i I i t i I i i i I t i i I i i i
OTHER GOVERNMENT BUYING
Moves Steadily Upward
effect at the beginning of the year, as well as increases in
employer contributions under pension, health, and welfare
plans.
Most of the remainder of last year's national income
expansion came in earnings of proprietors, where it reflected
a continuing rise in trade and service activity, in particular.
Net interest moved up, as in other recent years, with the
expansion in the outstanding total of home mortgages and
other private debt.
Corporation profits continued during the first three
quarters of 1957 at an annual rate not much changed from
1955-56, but a pronounced decline appears to have occurred
in the final quarter of last year. The progressive narrowing
of percentage margins which has been noted in recent reports
on the national income and product was intensified by the
year-end drop.
As detailed in the January SURVEY, the industry pattern
of 1956-57 changes in profits was broadly consistent with
that of total national income.
Individuals9 Purchasing Power
?&.*? &•*?"
1952
53
54
55
- <•** * ;*$
56
57
, .,I,,
58
59
QUARTERLY TOTALS, SEASONALLY ADJUSTED, AT ANNUAL RATES
U. S. Deportment of Commerce, Office of Business Economics
58-2-8
Personal income rose steadily during the early part of
last year to an August-September peak of $347% billion,
$12}£ billion above the year-end 1956 rate. The ensuing
decline was moderate enough to leave two-thirds of this
gain intact, and the total income flow for 1957 as a whole
set a new annual record, 5 percent above 1956. With
consumer prices up about 3% percent over this period, real
incomes in 1957 were also higher than in the preceding year.
SUKVEY OF CURRENT BUSINESS
February 1958
Table 11.—Changes in National Income, by Broad Industry Groups
Percent change
Total income, 1957
(billions of
dollars)
1953-54
1954-55
1955-56
1956-57
-1.1
8.4
6.0
4.2
358.0
Manufacturing, transportation,
-7.0
and mining
12.9
6.0
2.0
133.5
All industries, total
Trade, finance, utilities, and
services
_ -
4. 1
7.2
6.7
5.8
146.9
Other (agriculture, contract
construction, and government)
.5
3.3
4.9
5.0
77.6
Source: U. S. Department of Commerce, Office of Business Economics.
The decline in aggregate individual incomes which began
early last fall, like the expansion preceding it, centered
largely in wage and salary disbursements. By December
these disbursements were off 1 percent from their August
high. This contraction was cushioned in part by unemployment benefits and other government transfers.
Wages and salaries turn down
The reversal of wage trends which began last September
reflected developments in employment, for the most part.
There was little change in trend for the other principal factors affecting payrolls, as the downward drift of average
hours worked and the upward movement of wage rates continued throughout the year. During the first part of 1957,
the moderate reduction in the workweek was offset by increased employment so that the uptrend in total wages and
salaries stemmed, on balance, from rising pay scales. Toward year-end, however, the combined effect of declines in
employment and hours more than offset the continuing rise
in average hourly earnings.
Three-fourths of the decline in total payrolls from their
summer high occurred in durable-goods manufacturing.
During the first 8 months of 1957, wage and salary disburse-
13
ments in this important segment of industry had fluctuated
little in the aggregate. After August, however, all but one
of the durable goods groups registered a reduction in payrolls. (Payments in automobile manufacturing, the exception, were temporarily bolstered in November and December
by production of new model cars.)
In nondurable goods manufacturing, total payrolls edged
upward in the early part of 1957 as the individual industry
groups exhibited stable or moderately rising trends. In the
latter part of the year there was some tapering in this area,
with activity holding even in some industries and tilting
downward in others.
The principal lift to wage and salary income earned in
private industry in 1957 came from nonmanufacturing divisions. Payrolls increased more or less steadily throughout
the year in the service, finance, and public utility groups.
Other major industries also showed increases through the
summer, but by year-end disbursements were off moderately
in retail trade, mining, transportation, and contract construction.
Other incomes
Income of nonfarm proprietors, like wages and salaries,
reached a peak in the summer and has since declined somewhat. Farm proprietors' income exhibited little fluctuation,
and the $12 billion rate for the fourth quarter was the same
as the total for the year.
Monthly dividend payments were approximately stable
through 1957, except for a drop in December which reflected
a smaller-than-usual volume of year-end extra and special
payments.
Transfer payments increased sharply last spring, as
several newly eligible categories of claimants began receiving
old-age benefits. Another substantial rise occurred in the
fall and early winter. Unemployment benefits accounted for
close to three-fifths of this advance, which by December had
carried the annual rate of transfers $2 billion above the
August figure of $21 billion. Old-age and veterans' benefits
also expanded.
Table 12.—Employment, Payrolls, and Average Annual Earnings by Major Industrial Division, 1955-57
Number of full-time equivalent
employees 1
Wages and salaries
Data in thousands
Millions of dollars
Item
1955
1956
1957
Average annual earnings per full-time employee
Dollars
1955
1956
1957
1955
1956
Percent changes
1957
1955-56
1956-57
All industries, totaL.
54,902
56,512
56,998
210, 339
227,237
238,847
3,831
4,021
4,190
5.0
4.2
Agriculture, forestry, and fisheries
Mining
Contract construction
1,952
779
2,727
1,917
817
2,870
1,908
833
2,870
3,115
3,656
11, 962
3,212
4,088
13, 326
3,318
4,345
13,837
1,596
4,693
4,387
1,676
5,004
4,643
1,739
5,216
4,821
6.0
6.6
5.8
3.8
4.2
3.8
16, 579
10, 056
2,185
16,944
10, 501
2,283
16, 844
10, 742
2,340
72, 132
36, 759
8,811
77,629
39, 937
9,648
80,529
42, 623
10, 335
4,351
3,655
4,032
4,582
3,803
4,226
4,781
3,968
4,417
5.3
4.0
4.8
4.3
4.3
4.6
2,607
1,409
6,936
2,652
1,470
7,318
2,624
1,497
7,480
12, 374
6,246
19, 391
13, 344
6,782
21, 417
13, 860
7,204
22, 989
4,746
4,433
2,796
5,032
4,614
2,927
5,282
4,812
3,073
6.0
4.1
4.7
5.0
4.3
5.0
_
IJK T anufacturing
Wholesale and retail trade
Finance, insurance, and real estate
Transportation __
C ommunications and public utilities
S or vices
Government 2
_
__
Addendum:
All private industries
All private nonfarm industries
-_
_
9,672
9,740
9,860
35, 893
37, 854
39, 807
3,711
3,886
4,037
4.6
3.9
45, 230
43, 422
46, 772
45,007
47, 138
45, 382
174, 446
171, 739
189,383
186, 622
199, 040
196, 196
3,857
3,955
4,049
4,147
4,222
4,323
5.0
4.9
4.3
4.2
1. Full-tune equivalent employment measures man-years of full-time employment of wage and salary earners and its equivalent in work performed by part-time workers. Full-time
employment is defined simply in terms of the number of hours which is customary at a particular time and place. For a full explanation of the concept, see Survey of Current Business, June
1945, pp. 17-18.
2. Includes government enterprises and rest of the world.
Source: U. S. Department of Commerce, Office of Business Economics.
SURVEY OF CUKKENT BUSINESS
14
February 1058
MANUFACTURING PRODUCTION
Turned downward in 1957
Index, 1947-49= 100
180
f^roauction
Total
I 40 -
I 00
l$ tribu lion
.t.,,.,1,,.,,1
I
I..,,.!.. ...!.....!.....I
t...,.!.
A few major industries began to decline in 1956
180
Autos, trucks, 8 ports
140
an
IOO
140
Lumber & products
IOO
and distribution displayed varying trends
among the component parts, but the 1957 aggregates of
production and sales matched or bettered the 1956 volume.
The generally higher prices at which goods were produced
and sold were reflected in larger dollar totals than those
recorded in 1956.
Retail sales in dollars were up 5 percent from 1956 to
1957, while the increase in volume was about 3 percent.
The value of manufacturing production increased 2 percent
while the physical volume of factory output was unchanged.
The value of construction was up by more than 2% percent
whereas the volume was down somewhat.
As the year progressed, sales and production tended to
slide—earlier in manufacturing and later in retail trade.
Industrial production showed no change from 1956 to 1957
as a whole, but the year-end rate was oil considerably.
Most of the decline w^as in durable goods. The physical
volume of retail trade reached a peak during the summer
of 1957 (seasonally adjusted) and subsequently dropped,
with only a modest fillip occurring in December from the
Christmas trade.
In residential construction a limited improvement was
evident in the latter half of 1957 following a period of almost
uninterrupted decline beginning in the summer months of
1955. The seasonally adjusted annual rate of new housingstarts slightly exceeded 1 million in the July-December
period as compared with 960,000 in the first half of the year.
The developments in production reflected the trend of
order placement during the year. The easing in output
of the durable goods group was foreshadowed by the reduced
flow of new business with its accompanying decline in order
backlogs. Outstanding orders of the metal fabricating
industries declined steadily to a year-end total of $40 billion,
a cut of $10 billion. Of this amount, approximately onehalf occurred in the nonautomotive transportation equipment sector, chiefly aircraft manufacturing which was most
affected by the readjustment of defense programs.
New orders placed for machinery and equipment reflect
the tapering off in the capital expansion programs of industry,
and the deferment of orders for certain military end-items.
Textiles
. . M l
I , . . M l . . . ..I
I, , M , I . . . . , ! . . . . , !
I. ....!..I. .!..«..!...
Others started downward in 1957
380
340 Transportation equipment
other than outos
300
260
Machinery
180
140
IOO
Some continued to show strength or remained stable
180
Chemicals 8
allied products
Paper Q aft fed products
140
Food 8 beverages
too
1952
I
53
I 54
I 55
56
I
S E A S O N A L L Y ADJUSTED
57
I
58
Ooto: FRB
U. S. Department of Commerce, Office of Business Economics
58 -2-9
February 1958
SURVEY OF CURRENT BUSINESS
The accompanying table shows the 1955-57 comparisons
for the major categories of production and trade.
Industrial Production
The downturn in industrial output in the closing months
of 1957 followed a 2-year period of high operations. The
extent of change in output, as the production chart makes
clear, varied widely among the major manufacturing
industries. In general, output in some industries in the
fourth quarter was maintained at or close to peak rates;
for a large group the decreases from earlier highs were
moderate, generally under 5 percent. Decreases were
more pronounced for the durable goods group as demands
for producers', militaryr and consumer durable goods
abated.
Record output of producers* goods
Activity in the metal fabricating industries, supported by
especially large backlogs at the beginning of the year, averaged higher in 1957 than in 1956. Output of transportation
equipment, including motor vehicles, instruments, and
^bricated metal parts increased while machinery production
showed little change.
Operations in some defense lines were affected by the
cancellation of defense orders and the slowdown in the procurement of certain military end-items. Others—such as
those working on missiles and other products of advanced
technology—increased sharply.
The direct effect of the drop in new order placement is
evident from the production curve of the nonautomotive
transportation equipment industry. The reduction was
centered almost wholly in plants producing military type
aircraft for government account. Output of commercial
planes for the year as a whole expanded sharply, up roughly
one-fourth, though shipments in the October-December
period were below earlier highs. Moreover, the development of and work on missiles and rocketry, the bulk of
which is performed in aircraft plants, was not only more
active than in 1956 but was also speeded up particularly in
the closing months of the year. Unfilled orders held by the
aircraft manufacturing industry at the end of 1957 were as
high as at the end of 1954 when they totaled $15 billion.
Production of other major lines of transportation equipIpient generally expanded in 1957. Shipyards were especially active throughout the year for both government and
commercial account and backlogs in this industry continue
large.
Builders of freight cars kept plant operations at an exceptionally high level by turning out 100,000 ears in 1957, the
highest total since 1948. Monthly shipments during the
year exceeded incoming business by a considerable margin
as the railroads felt the impact of declining traffic and
earnings. From 117,000 cars at the beginning of 1957
unfilled orders went to 56,000 cars at the year end. Locomotive shops on the other hand delivered somewhat fewer
diesel-eleetric locomotives than in 1956 when 1,445 units
were shipped.
15
Machinery: A good year
Activity in the machinery industry, as the chart shows,
was well maintained at a high rate through the third quarter
of 1957 and then declined with December output 8 percent
below the average of the first 9 months but still slightly above
the average of 1955.
Production of most machinery products for the year as a
whole equaled or exceeded the previous year's volume, with
some lines—generating and transmission equipment for the
electric utility industry, electronic components and equipment for both military and commercial use, and certain
types of industrial machinery—showing greater than average
strength.
In some lines—metalworking machines, wheel-type and
track laying tractors, typewriters, and certain types of
industrial machinery, for example—the drop from the top
rates of output has been large.
Table 13.—Changes in the Physical Volume of Production and
Trade
Percent change
1955 to 1956 1956 to 1957
Industrial production
Durables
Nondurables
Minerals
4th quarter
1956 to 4th
quarter 1957
+3
+3
+2
46
0
0
41
-1
-5
-8
-2
-5
-2
-10
-1
-8
414.
Farm production
41
0
Volume of retail trade
42
43
Volume of construction _
Residential
42
Sources of basic data: Board of Governors of the Federal Reserve System; U. S. Departments of Commerce, Labor, and Agriculture.
Shipments of machine tools for the year were close to the
high 1956 results, but on a monthly basis dropped from an
average of $82 million in the first half of 1957 to $55 million
in December, a decline of one-third. The flow of new
business began to decline from an exceptionally high rate
early in 1956 and continued down through 1957. In the
fourth quarter, new orders for machine tools amounted to
$75 million, a drop of three-fifths from the first quarter rate
of 1957 and three-fourths from the same quarter of7 1956.
Backlogs at the 1957 year end represented 3 months shipments as compared with 6 months at the beginning of the
year.
Passenger cars up, household goods down
Aggregate production of consumer durable goods, as
measured by the Federal Reserve index (1947-49=100),
w^as about the same in 1957 as in 1956 which in turn was 11
percent below the peak year, 1955. An increase in
assemblies
of passenger cars, reflecting a build-up in dealers7 inventories
rather than any particular change in retail sales, offset the
decline in major household goods—chiefly appliances and
television sets.
The auto industry bettered its 1956 production performance by 300,000 units, all passenger cars, though total
assemblies continued below the record total of 1955. The
year's production consisted of 6.1 million passenger cars and
1.1 million trucks, a total of 7.2 million. Within the ye&r,
SURVEY OF CURRENT BUSINESS
16
output of passenger cars ran well above the 1956 volume
until the final quarter of 1957 when assemblies were cut
back sharply in line with the reduced rate of consumer purchases of the new 1958 models. This curtailment continued
in January and February of 1958.
Table 14.—Industrial Production
[Index (1947-49=100); seasonally adjusted]
Manufacturers
Total
Minerals
Durables
Nondurables
142
142
141
146
158
158
156
165
129
129
129
130
129
129
128
130
143
159
129
129
146
143
144
139
163
160
161
152
131
130
131
128
132
129
128
124
143
159
130
128
-3. 5
-5.6
-2. 3
-3.2
1956
1st quarter
2d quarter _
3d quarter _
4th quarter
_ __
Year
1957
1st quarter _
_
2d quarter.. _
_ _
3d quarter
4th quarter
_
___
Year
_ _
were added to the Nation's steel capacity, raising the total
on January 1, 1958 to a record 140.7 million tons.
The industry turned out 112.7 million tons of steel ingots
and castings in 1957, a total exceeded only in the two previous years. The record rate of steel operations in the
fourth quarter of 1956, a period when steel users were rebuilding strike-depleted inventories, was approximately
maintained in the first 3 months of 1957. Thereafter, output moved lower.
In the final quarter of 1957, output at 25 million tons was
down one-fifth from the near record volume of the first
quarter, with December tonnage at 7.4 million tons, the
lowest except for strike affected periods since September 195^|
In January and early February the downdrift in steel mill
operations was extended.
Nonferrous metal supplies as a whole in 1957 were little
changed from the high volume of 1956 as domestic production,
despite some cutbacks in the latter part of the year, augmented by a large and steady flow of imports, continued in substantial volume. Output of aluminum declined less than
35,000 tons, the first year-to-year reduction for this metal
in nearly a decade.
Manufacturers' Backlogs
Reduced as orders fell below shipments
after 1957 first quarter
Percent change
3d quarter 1957 to 4th quarter
J957
_
__ _ _
February 1958
Billion Dollars (ratio scale)
100
Source: Board of Governors of the Federal Reserve System.
DURABLE GOODS INDUSTRIES
80 60
Production of electrical household appliances in 1957 was
approximately 10 percent below 1956 output. Most of the
major lines—the relatively new as well as the old-established
products—were affected, with decreases in output from the
1956 peak ranging from 3 percent for dishwashers to 15 percent for washing machines. Moreover, output of such relatively new products as room air conditioners and clothes
dryers—which had registered continuous year-to-year production gains throughout the postwar period—showed decreases exceeding 10 percent. An exception to the general
downtrend occurred in washer-dryer combinations where
output almost doubled.
Black and white television receiver production of 6.4 million sets was 14 percent below 1956, but the output of hometype and auto radios increased for the second successive year
and crossed the 15 million mark for the first time since 1948.
Equally impressive were the record sales of more than 5
million phonographs of all types and 500,000 tape recording
machines for home use—both substantially above 1956
totals. The market for color television receivers improved
but the volume is still low.
Pressure on basic metals eases
Aggregate supplies of industrial raw and semifinished
materials in 1957 were somewhat below the record volume of
1956. Overall consumption of materials for the year, however, showed little change from 1956 as fabricators in many
cases used up inventories of materials on hand. This was
especially true in the case of metals.
The sharp expansion in steelmaking facilities underway
since 1950 continued in 1957. More than 7 million tons
UNFILLED ORDERS
40
NEW ORDERS
(seasonally adjusted)
20
10
1955
1956
U. S. Department of Commerce, Office of Business Economics
1957
1958
58-2-7
Production cutbacks of nonferrous metals lagged well
behind the drop in shipments to fabricators and, notwithstanding larger sales of copper, zinc, and aluminum
to the
Government under contract agreements, refiners7 stocks
of these metals expanded during the year. In the case of
aluminum, stocks now stand around 175,000 tons as compared with 102,000 a year ago. An even higher relative
buildup occurred in zinc while the quantity of copper and
lead held by producers increased by sizable amounts.
Since the turn of the year additional curtailments in the
output of nonferrous metals have been put into effect. The
high supplies and less aggressive bidding by consumers of
SURVEY OF CURRENT BUSINESS
February 1058
these 3 metals contributed to production cutbacks, and to
price declines from earlier highs when copper, for example,
temporarily reached 47 cents a pound in March 1956 before
dropping back to 36 cents in January 1957 and to 26 cents
in December.
In general, the reductions from 1956 output of materials
other than metals were moderate, except in the case of a
number of building materials and equipment. Production
of chemical products, and in particular the inorganic and
organic lines, reached a new peak in 1957. Bituminous coal
production turned downward after having expanded the
previous year.
Crude oil operations reflected the fluctuating demand
laused largely by the blockade of the Suez Canal which
extended well into 1957. Daily average crude oil output
dropped from a high of 7.8 million barrels in March, just
prior to the reopening of the Canal, to an average of 6.8
million barrels in the fourth quarter of 1957, a decline of
13 percent.
17
Construction Activity
Construction expenditures were at a record in 1957, as
public construction outlays increased. Total private building was about unchanged, with an increase in nonresidential
offsetting* a decline in residential activity. Costs of construction again moved upward, and accounted for the
higher dollar figures reported for the year.
A feature of the year was the halt in the declining trend
of residential units around midyear. As a result starts
were raised above the rate of the first 6 months, though for
the year 1957 the 990,000 of privately financed housing units
undertaken were less than for any year since 1949.
Starts reached their low point in the recent decline in the
first quarter of 1957 with a seasonally adjusted annual rate
of about 940,000 units, a decrease of almost one-third from
the previous peak reached in the second quarter of 1955.
By late spring they had risen to a seasonally adjusted
annual rate of about 1 million units, remaining close to this
rate for the remainder of the year.
Table 15.—Value of Manufacturers' Sales
More apartment houses
[Billions of dollars]
Industry
A l l manufacturing
_ _ _ _ _ _
Durable-goods industries, total _ _ . .
Primary metals
_
___ _ _
Fabricated metals
Machinery (incl. electrical)
Transportation equipment (incl. motor vehicles)
Lumber and furniture
Stone, clay, and glass
Other durable-goods industries
Nondurable-goods industries, total
Food and beverages.. _
Tobacco
Textiles
Paper
Chemicals
Petroleum and coal
__ _
.
Rubber
Other nondurable-goods industries
_
.
1954
1955
1956
282.4
316.1
332.5
340.6
134.8
156.9
165. 7
169.9
20. 1
14 7
38. 5
31. 6
11. 4
7.2
11.3
26. 5
16 3
41.4
38.4
13.2
8.7
12. 5
28.3
17 7
47.9
36.0
13.4
9.0
13.4
27.8
18 4
51.0
40.0
11. 5
8.5
12. 7
147.5
159.1
166.9
170.7
47.4
3 7
12.2
8 6
19. 1
27.6
4.6
24 3
48.3
39
13.6
9 9
21.4
30.2
5. 7
26 1
49.7
4 1
13 9
10 7
22 8
32.2
5.6
28 0
52. 0
4 3
13.0
10 8
23 4
34.9
5,8
26 6
1957
Private apartment house construction ran counter to the
movement in single family units for the year as a whole.
In the first 9 months of 1957 the number of multifamily
units put under way was running 50 percent above the
corresponding 1956 figure, a year in which 82,000 units were
started. The continuation of low vacancy rates, the
continued rise in residential rents and urban redevelopment
work have been some of the factors favoring the expansion
of new apartment house construction in the recent period.
Construction Outlays Rose in 1957
O Advances in public and private nonresidential
construction offset fall in residential
Source: II. S. Department of Commerce, Office of Business Economics.
Production of nondurable^ high
Record output of nondurable goods featured most of the
year, but an edging off was apparent towards the year end.
For some industries, such as chemicals, paper, and printing
and publishing which have shown strong growth trends in
the post decade, output in the 1957 final quarter held steady
at or near peak rates and for the year as a whole generally
registered new records.
Production of cigarettes expanded for the third consecutive year, reaching a new top in 1957, and production of
manufactured foods and shoes held at a high pace throughput 1957.
Clothing production held relatively steady until the late
fall months of 1957, while output of textile mill products
continued its irregular down drift.
O Residential made some recovery in second half
Billion Dollars
I5
PUBLIC
I0
OTHER
Summary of manufacturers* sales
Manufacturers' sales in dollars are given, by major industries, in the accompanying table. These figures include
some interindustry transactions and so do not represent
the value of sales to final users. However, they do reflect
the shifting pattern of the past 3 years.
454098°—58
3
U. S. Department of Commerce, Office of Business Economics
PRIVATE
SUEVEY OF CURRENT BUSINESS
18
In the field of single family housing comparative changes
in average unit costs and prices suggest a continuation of
the trend towards somewhat larger houses. But this differential in 1957 was somewhat smaller than in other recent
years and is probably affected by the fact that housing
starts in the South, where average unit costs are lower, held
up better than in other parts of the country.
February 1958
Shift in Financing of Housing Starts
*
VA-financed starts dropped sharply
* *
FHA starts also dropped for second successive year
+ * + Conventionally-financed starts made better showing
Sharp decline in VA housing starts
Money market developments were an important factor affecting the course of home building in 1957, though others
were clearly operating, With interest rates in 1957 at postwar peaks and demand for capital funds in other parts of
the economy high, lenders found the fixed-interest rate, longmaturity government-insured home mortgages somewhat
less attractive. The differential movements of various types
of financing is set forth in the accompanying chart. Units
started with VA guarantees, with a fixed 4% percent rate,
declined by more than 50 percent. The decline in the 5 to
5% percent FHA-insured units was much more moderate, 10
percent, although if single houses only are considered the
decrease was approximately 20 percent. Conventionally
financed starts, with mortgage terms tending to fluctuate
more in line with market conditions, rose 10 percent to the
highest point in the postwar period.
Thousand Urut* (rat to seal el
1,500
1,000
eoo
Conventional
eoo
400
aoo
Table 16.—Public Construction Expenditures, by Ownership and
Source of Funds, 1949-57
[Billions of dollars]
100
State and locally owned
Total
public
Federally
owned
total
St
Total
Federal
grantsin-aid
State and
local
matchedfunds
1949 _ _ _
1950
„
1951
1952 _ _ _
6. 4
7.0
9. 4
10.9
1. 5
1. 6
3. 0
4. 2
4. 9
5.4
6. 4
6.7
0 5
5
5
6
0 5
5
5
6
4.0
4. 4
5. 5
5.5
1953
1954
1955
1956
1957
11. 4
11. 9
12.0
12. 8
13. 9
4. 2
3' 4
2.8
2. 8
3. 0
7. 2
8. 5
9. 2
10. 0
11. 0
7
7
8
9
1 3
6
7
7
7
9
6.0
7. 1
7. 7
8. 5
8. 7
_
___ _
NOTE: Detail may not add to totals due to rounding.
Source: Basic data compiled by U. S. Department of Labor.
The new housing legislation passed in August of last year
was designed to stimulate FHA activity. Maximum permissible interest rates were raised to 5% percent—following
a rise from 4% to 5 percent in December 1956—and downpayment requirements were reduced a second time.
Applications for new FHA home construction showed a
marked increase in the second half of 1957 over the corresponding period in 1956, in contrast to the decline evident in
the first half year comparisons; by October 1957 actual
starts of single-family units were running above 1956 levels.
However, in the VA sector, both starts and appraisal requests
declined throughout the year, with the latter down considerably more from 1956.
The new legislation also made available increased funds
for purchases of home mortgages in the secondary market
by the Federal National Mortgage Association. These
purchases were stepped up from $0.6 billion in 1956 to $1
billion in 1957. This shift from government to conventional
52
5$ ,54
55
56
5?
All other
State and
local
financing by house purchasers that were able and willing
to finance at the market rate suggests that on balance the
financing terms that prevailed during the year reduced
housing demand.
Nonresidential construction levels off
Nonresidential construction rose in 1957, for the eighth
consecutive year. Except for declines in store and private
school construction, all segments registered gains over the
previous year. Some of the dollar increases were less than
the rise in prices, and as the year progressed, it was clear
that expenditures for some types of construction which had
figured prominently in the 1955-57 investment advance
were in a declining phase.
With many industries approaching the completion of
earlier expansion programs, expenditures for industrial
construction were up only 2% percent over the previous
year. Facility additions in 1957 were particularly pr<^
nounced in steel, nonferrous metals, chemicals, and m&~
chin ery.
The seasonally adjusted data indicate a peak in industrial
outlays in the spring, with a fairly steady decline thereafter.
On this basis fourth-quarter outlays were 6 percent below
the average for the full year 1957.
Store construction down—office
building booms
With the slowing down in shopping-center construction,
outla}^s for store construction in 1957 declined by about 10
percent from 1956. This may be attributed in part to the
February 1058
SURVEY OF CUEEENT BUSINESS
decrease in residential construction in the past 2 years.
Notwithstanding the high interest rates that prevailed in
1957, office building and warehouse construction established
new records. It is of interest to note that while the physical
volume of store construction has still fallen somewhat
short of the peak that was reached in the midtwenties,
the annual volume of office building and warehouse coms traction in both 1956 and 1957 were 10-20 percent higher
than in the peak year of 1929.
Expenditures by the public utilities increased 14 percent
over 1956 chiefly as a result of the large expansion programs
^)f electric and gas utilities. Eailroad outlays were 5 percent
higher, while the communications companies held to the
high rate of 1956.
Institutional construction showed another large advance
in 1957, paced by the expansion in hospital and related
construction. Outlays for religious building were also
higher, but those for private educational facilities were
down by 3 percent.
Public construction higher
Public construction outlays rose more than $1 billion in
1957 to almost $14 billion, with most categories showing
increases over 1956. The greater part of the increase was
attributable to work financed under Federal grant-in-aid
programs, chiefly highways.
Table 16 shows the trend in public construction expenditures, by ownership and source of funds, over the past
several years. Federal funds accounted for about 30 percent
of total public construction last year, about one-third of this
representing Federal grants-in-aid. If the value of Stateowned construction put in place with State matching grants
is added to this total, the importance of all Federal programs
fs increased to 37 percent.
Street and highway expenditures, the most important
single category of public construction, accounting for some
three-eighths of the public total, rose by about $0.4 billion
or 8 percent, in 1957. Although last year marked the first
full calendar year of operations under the new Interstate
Highway System program, the current dollar increase for
streets and highways was somewhat less than the rise in
such outlays between 1955 and 1956. This was attributable
to the fact that the new program was still largely in preliminary stages last year, and the increase in actual outlays
on interstate roads was offset in large part by decreases in
toll road construction and other non-Federally subsidized
State highway work. Outlay by local government in this
field, however, showed a sizable advance.
A considerable increase in highway construction is expected
in 1958 as the work on the new programs accelerates and the
offsets from lower independent State highway expenditures
are reduced. At the end of 1957, projects with a total cost
of $1.7 billion were committed for construction work or
actually under way. Projects estimated at $1.2 billion were
ii, or had passed through, the phase of preliminary engineWieering and right-of-way acquisition, and another $1 billion
of projects were in a very preliminary program stage. These
data refer to all costs (including right-of-way) on all interstate highway projects, regardless of source of funds, authorized since mid-1956, when the new legislation was passed.
Completions through the end of last year were less than $100
million.
There was a sizable increase in the number of new public
housing units started in 1957, from 24,000 Ho over 50,000,
with a corresponding increase in expenditures from $0.3 to
$0.5 billion. The 1957 starts figure is still well below the
19
87,000 units begun in 1941 and the postwar high of 71,000
units started in 1951.
Advances of 10 percent or more were registered in outlays
for educational facilities, hospital and institutional construction, and conservation and development. Expenditures
for military facilities declined following a 2-year rise, while
Federal industrial expenditures were about unchanged from
1956 though down substantially from the high levels reached
in 1952-54.
Farm Developments
Farm production in 1957 continued at the record high
established in 1956. Marketings were a little lower than a
year earlier, however, so that even with higher prices, cash
receipts from marketings at $30 billion were off a bit from
the year before. Total cash receipts were maintained by a
rise in Government payments.
With production expenses edging upward, net income of
farm proprietors was little changed. Preliminary estimates
show a slight increase from 1956 after adjustment for
inventory change, and a slight decrease on an unadjusted
or realized basis.
The strength in meat animal prices was particularly
important in the late months of the year when the heavy
seasonal movement of livestock to market occurs. A combination of good forage conditions and a bumper feed grain
crop—much of which was too wet to store well or to meet
CCC standards for loans—resulted in what at first appeared
to be delayed seasonal marketings but which turned out to be
lighter marketings than expected for the season including
the opening weeks of 1958.
Table 17.—Farm Gross National Product
[Billions of dollars]
Constant 1947-49 dollars
Current dollars
1954
1955
1956
1957
1954
1955
1956
1957
1 Total value of farm output
34.0
33.3
33.3
34.0
37.1
38.2
38.7
38.2
2. Less: Value of intermediate products consumed, total
13.4
13.3
13.8
14.2
13.0
13.2
14.0
13.8
3. Equals: Farm gross national product
- - - - -
20.5
19.9
19.6
19.8
24.1
25.0
24.7
24.4
Source: U. S. Department of Commerce, Office of Business Economics, based largely
upon data from U. S. Department of Agriculture.
For the year 1957, inspected meat production was about
5 percent below 1956, with nearly half of the decline occurring
in the final quarter. The decline in meat production in 1957
followed several years of expanding supply during which the
number of beef cattle had expanded and marketings had
continued to increase for a time after the top of the cattle
cycle was reached. The principal reduction in meat production in 1957, however, was in pork, reflecting both reduced
farrowing of pigs in the fall of 1956 and some increased
holding back of gilts during 1957 for breeding. A record
feed supply for the 1957-58 feeding season and a favorable
hog-feed price ratio in the latter part of 1957 brought an
expansion in farrowing plans for the spring pig crop of 1958.
Cash receipts from meat animals for 1957 at $9.2 billion
were about $1 billion higher than in 1956—the principal
change in livestock and product receipts as shown in the
SURVEY OF CURRENT BUSINESS
20
middle panel of the accompanying chart. Dairy products
receipts were up slightly in 1957 from 1956 with marketings
and prices both a little higher. Supplies continued to be in
excess of consumer demands, however, and a slightly larger
volume of manufactured products went to the CCC for price
support purposes—equivalent to 4.7 percent of production
during the year. A moderate reduction in the support price
of dairy products has been announced for the marketing
year beginning April 1, 1958.
Poultry and egg cash receipts were a little lower in 1957
than in 1956. Broiler production increased during the year.
There was a decline in the number of pullets raised for layingflocks, however, and egg production fell below a year earlier
during the latter part of the year. The decline in egg output
was accompanied by a substantial price advance.
Crop production in 1957 was again at the record high
attained in 1956 and in one earlier year, and prices drifted
downward. The reduction in marketings, shown in the
bottom panel of the accompanying chart, was accompanied
by an increase in farm inventories during the year in contrast
to a moderate decline in farm stocks in the preceding year.
With reduced marketings and lower prices, cash receipts from
crop marketings at $12.9 billion were down $1.2 billion from
1956. This was partly offset by increased soil bank payments which reached $1 billion in 1957, about twice as much
as in 1956.
Total crop acreage planted or grown in 1957 was lower
than in 1956 by 11 million acres. Reduced acreage allotments and increased acreage placed in the soil bank brought
substantial reductions in wheat, corn, and cotton plantings.
Oats, flaxseed, tobacco, and rice acreage were also low^er than
in 1956. Partially offsetting increases occurred principally
in feed crops other than corn and oats.
For the country as a whole, weather conditions were generally favorable for the 1957 crop season. The outstanding
development was more rain in the plains. Crop acreage
losses—i. e., fields planted but not harvested—were reduced
sharply in 1957 so that the acreage harvested was as large
as in 1956. With good weather conditions, the strongsecular rise in yields continued, bringing a new record in
1957 for the all-crop yield index based upon a fixed acreage
pattern. If allowance is made for some diversion of acreage
to less intensive crops, then the total outturn was about the
same in 1957 as in 1956 from roughly the same total acreage
harvested. Freakish weather beginning in December 1957
and recurring in early 1958 brought a series of freezes to the
winter vegetable and citrus fruit regions in the southeast
which resulted in widespread losses of these crops and accompanying price advances.
Table 18.—Farm Production
[1947-49=100]
1950
1951
1952
1953
1954
1955
1956
1957 P
100 103 107 108 108
11?,
113
113
AH livestock and products
107 112 112 114 117 120 122
121
Meat animals
Dairy products
Poultry and eggs
109 117 117 116 1?,1 m 123
101 100 100 105 107 108 110
111 116 117 120 125 123 136
121
111
135
KM;
106
Farm output
All crops
.. _
97
99 103 103 101 105
J> Preliminary.
Source: U. S. Department of Agriculture, Agricultural Research Service.
FARM INCOME
MARKETINGS were iower
Index, 1947*49*100
140
Livestock
120
Crops
j
80
Crop yields high
February 1958
i
i
i
i
I
LIVESTOCK prices and cash receipts
were both up
120
100
80
Prices
eo 1
i
. i
i
CROP prices and cash receipts declined
120
Cash Receipts
IOO
Prices
80
1952
53
54
55
56
U. 5. Department of Coflttwrce, Oflk» of 8«Vme$$ Scomunltt
5?
58
$8 - Z ~12
Carryovers reduced
A combination of control measures limiting production and
stepped-up surplus disposal programs resulted in substantial
reductions in stocks of food grains and cotton. Reductions
in plantings of these crops were obtained by means of acreagj|
controls and the placing of land in the soil bank. Food grain'
production showed only a moderate decline, however, as good
moisture conditions in the principal wheat growing areas resulted in record wheat yields per acre. Acreage losses, which
had been extensive in other recent years, were quite low in
1957. Total wheat production was just under 1 billion bushels, down 6 percent from 1956. Rice production was 13 percent lower in 1J57 than the year before.
Exports of these commodities were at high rates as special
factors abroad facilitated the U. S. export drive. The European wheat crop in 1956 had been an unusually small one and
accumulated stocks of rice in the Orient had been reduced.
On January 1, 1958, CCC holdings of wheat in inventory or
February 1958
SURVEY OF CURRENT BUSINESS
under loan totaled 940 million bushels. This was 100 million
less than a year earlier and nearly 200 million under the
total held 2 years before.
The U. S. cotton supply situation has shown a striking
change since the beginning of the export payment program
in the summer of 1956. Exports had fallen to 2.2 million
bales in the crop year ending in July 1956 as foreign stocks
were run down in anticipation of lower U. S. prices under the
export sales program. They rose to 7% million bales in the
following year. The 1957 crop in the U. S. was 11 million
bales, down 2.3 million bales from the preceding year.
There was a slight offset on the domestic demand side, as
yotton consumption was reduced in 1957. In any case,
CCC holdings of stocks and cotton pledged for loans at the
beginning of 1958 were 5.6 million bales as compared with
10.3 million bales a year earlier and 13.3 million 2 years
before.
The improvement in the long-term supply position for
these commodities was accompanied by reduced cash receipts in 1957, however, as current prices received were little
affected by the disposition of surplus stocks. Lower average quality of the cotton crop reduced the average sale
price.
Mounting feed stocks
The contrasting supply situation for feed grains has already been mentioned. For a number of years feed grain
production has exceeded total utilization and stocks have
risen steadily. Increased acreage in 1957 and excellent
yields brought a bumper crop and another large increase in
carryover is anticipated despite some expected increase in
livestock feeding. The generally low quality corn sold from
the fall crop brought the lowest price in several years.
I Other crop changes in 1957 included reductions in tobacco,
potatoes, and peanuts and an increase in the soybean crop.
In the fall of 1957 an increased (winter) wheat acreage was
seeded. Moisture conditions continued favorable in the
plains and crop prospects at the year-end were for a large
1958 winter wheat crop.
Farm GNP
Farm gross national product in constant dollars was
about the same in 1957 as in 1956. On the basis of preliminary estimates, the total at $24% billion in constant
1947-49 dollars was 15 percent above the 1947-49 average.
Farm gross national product is a value-added concept
obtained by subtracting the value of (intermediate) materials used up in the production process from the total value
of farm output. It measures production occurring on farms,
without duplication, and is "gross" only in the sense that
depreciation and other capital consumption allowances are
not deducted. It is computed both in current dollars and
in constant (1947-49) dollars; only the latter is discussed
(Sere.1
For the past 2 or 3 years, changes in total farm output
and farm GNP have been small in comparison with the
strong secular rise which has been in evidence for many
years. Over the longer period, total output has risen more
rapidly than farm GNP. This differential rate of growth
was pronounced during the war years and immediately
afterward when the ratio of prices of farm products to prices
of intermediate products consumed was especially favorable.
For a number of years, however, total farm output and
farm GNP have risen at about the same rate, as the relation1. Historical estimate of current and constant dollar farm GNP are shown in the August
1954 issue of Survey of Current Business.
21
ship between prices received by farmers and prices paid for
intermediate products has been less favorable.
For the period from 1941 to date, the total output per
person employed in farming has increased around 4 percent
per year and farm GNP per person has risen an average of
3% percent. These rates of increase are substantially larger
than those prevailing over longer periods of time.
Retail Trade
Retail store sales in 1957 continued the advances shown
in recent years, in response to expanding consumer income.
The sales increase over 1956 was 5 percent. As prices of
goods sold at retail stores were up, on the average, about
2% percent from 1956 to 1957, the physical volume of retail
trade activity for the year 1957 also registered a new high.
Three-fourths of the 1957 sales rise occurred at stores
selling principally nondurable goods, with all the nondurable
subgroups sharing in the advance. In the durable-goods
trades, however, increases in sales above a year ago by automotive and farm equipment dealers, and by the "other
durable goods" group were offset in part by declines of the
lumber, building, hardware group and of appliance and
radio stores.
The year 1957 represented a period of shifting patterns in
retail trade. Following a rise through the first half of the
year, sales stabilized in July and August, after accounting
for seasonal influences. Sales fell 3 percent by November
with a modest recovery in the year-end holiday period,
especially at apparel and general merchandise stores.
Nondurables lead advance
All the major nondurable-goods groups registered sales gains
during the year with drug stores, gasoline service stations,
and food stores leading the advance. The 10 percent increases by the first two groups were repetitions of the 1955
and 1956 experiences; over the past 3 years sales at these
establishments have risen about 30 percent.
New product development in the drug field has played
an important role in the increasing sales trend in these stores.
Antibiotics, antihistamines and tranquilizers represent but
Table 19.—Sales of Retail Stores by Kinds of Business Related to
Disposable Personal Income, 1954—57
[Ratio of Sales to Income—Percent]
1954
1957
1955
1956
1957
I
All retail stores _.
II
III
IV
66.5
68.0
66.1
66.5
66.3
66.5
67.3
66.4
22.9
24.8
22.9
22.8
23.2
23.0
22.8
22.2
12.4
Automotive group
3.6
Furniture and appliance group
Lumber, building, hardware group- 4.0
14. 1
3.7
4.1
12.6
3.7
3.9
12 8
3.5
3.6
13.2
3.6
3.5
12.9
3.5
3.5
12.9
3.5
3.6
12.5
3.4
3.5
43.6
43.3
43.1
43.8
43.1
43.5
44.5
44.1
Apparel group
4.0
Drug and proprietary stores - - - 1.9
Eating and drinking places
5.2
Food group
. .. .
- 15.8
4.5
Gasoline service stations
7.4
General merchandise group
4.0
1.9
5.1
15.5
4.6
7 4
4.0
2.0
5.0
15.4
4.8
7.2
4.1
2.1
4.9
15.9
5.0
7 1
4.0
2.0
4.9
15.5
5.0
7.0
4.0
2.1
4.9
15.8
5. 1
7.0
4.2
2.1
5.0
16.1
5.0
7.3
4. 1
2.2
4.9
16.3
5.0
6.9
Durable-goods stores
Nondurable-goods stores.
...
Source: U. S. Department of Commerce, Bureau of the Census and Office of Business
Economics.
SURVEY OF CURRENT BUSINESS
22
a few of the hundreds of new items that have been introduced in the last few years. In 1957, the influenza epidemic
with its wide use of drugs for aid in respiratory conditions,
was a significant factor in the sharp rise in sales of drug
stores shown in the fourth quarter.
Food stores, which account for more than a third of all
nondurable-goods store sales, also continued their year-toyear sales gains, advancing another 8 percent in 1957.
Perhaps 3 percent of the 1957 sales gain was accounted for
by higher prices. The rise in sales of food stores reflects
not only the increase in the volume of food consumed but
also a type of trading up factor, as consumers have been
TRADE
Sales followed income pattern in 1957
taking more and more frozen, precooked and partly or
completely processed foods. These items afford the consumer a considerable increase in services and command
premium prices.
In addition, the large grocery supermarkets have been
introducing more and more nonfood items such as housewares, toys, proprietary drugs, and cosmetics. While no
definitive data in this field are available, private agencies
estimate that perhaps 15 percent of the sales of the large
supermarkets are now nonfood items. Most of the increase
in the sales proportion of such items is said to have occurred
since the late forties.
Apparel store sales have shown generally steady advances
in the last 3 years, following a declining tendency in prior
years. In 1957, total sales for the clothing group were up 6
percent, with larger than average increases registered by
women's wear and family apparel stores, and smaller gains
by men's wear and shoe stores.
The smallest increases for the year 1957 among the major
nondurable goods groups were shown for eating and drinking
places and the general merchandise group. Eating and
drinking places while showing relatively modest gains in
sales have nevertheless been advancing steadily. Sales in
1957 at $15 billion were up 3 percent over 1956—a somewhat
smaller average annual rate of increase than in the previous
2 years.
Department stores little changed
'40
Seasonally adjusted
. I . . . I . . . I . . .
30
54
55
i 56
57
58
Most trades hod larger dollar sales
with higher' P^e$ an important factor
February 1958
Change From 1986 to
r5
TOTAL
0
t5
,-HO
SALES
Retail Prices
At general merchandise stores, dollar sales in 1957 rose by
only 2 percent. Prices of goods sold at such establishments
advanced by about the same rate so that there was little
change in the physical volume of goods passing through
these channels.
After reaching a peak in August, seasonally adjusted sales
at department stores declined in September and October.
Some recovery was evidenced in November and December,
but in the opening month of 1958 sales were off from December and about the same dollar total as in January 1957.
An important retarding factor in department store activity
in 1957 was the fact that sales of the major household
appliance departments fell by 4 percent to bring the entire
homefurnishings department total slightly below the previous
year. Among the other departments, the largest gains, 8
percent for the year, were shown by the sporting goods and
cameras department, and the records, sheet music, and musical instrument department. At the apparel departments,
sales of women's apparel and accessories were up slightly,
while a minor decline occurred in men's and boys' wear.
Durable-goods sales mixed
J
Data: Census Bur., BtS,8 08E
In the durable-goods trades, sales showed diverse movements during the year. Sales for the automotive group were*
up 7 percent, with much of the increase reflecting price advances, but sales of parts and accessories and revenues from
automobile retail and service work wTere up in real terms.
Within 1957, seasonally adjusted dollar sales of automotive
dealers were stable at record rates through the first three
quarters. In the final quarter, however, sales declined.
The sales weakness in the lumber, building, hardware
groups, which had developed in the latter part of 1956, continued in 1957. This behavior reflects in part the lower
volume of residential construction; the same factor was also
important in the lack of buoyanc}^ in household furniture
and appliance buying. Sales at furniture and home furnishings stores in 1957 were almost unchanged from 1956 while
SURVEY OF CURRENT BUSINESS
February 1958
declines of 3 percent were recorded for household appliance
and radio stores. Lumber and building material dealers and
hardware stores showed some sales improvement in the
second half of 1957 as housing activity turned up.
Farm equipment dealers' sales in 1957 were greater by
nearly a fifth than in 1956. These sales had declined more
than a third from 1953 to the low point reached in 1956. The
strong recovery in 1957 has brought dollar sales in this group
to within 10 percent of the previous high reached in 1953.
Sales by chains follow general pattern
Multiple-unit organizations operating 11 or more stores
had a 5-percent sales gain over 1956 to match the advance
shown by the nonchain retail stores. In the food field, chain
grocery stores showed a somewhat larger proportionate sales
gain than did independent grocers. The chains were up 9
percent compared to a 7%-percent advance in sales shown by
all independent grocers.
Sales of chain eating and drinking places also advanced at
a greater rate than at independent establishments. A 6-percent rise was recorded for the multiple units compared to a
3-percent increase for all stores in this group. However, sales
of eating and drinking places with 11 or more units account
for only 6 percent of all sales in this group.
At drug and general merchandise stores, the sales advance
of multiunit organizations was little different from that of
independents. In furniture stores, household appliance and
radio stores, hardware stores and lumber and building material dealers—sales of both chain and independent stores decreased, with multiunit organizations showing the greater
percentage declines in each category. At apparel stores
and tire, battery and accessory dealers, the increase in chain
store operations lagged behind that of the independents.
Sales rise in proportion to income
Retail store sales, as indicated above, rose by about 5
percent from 1956 to 1957—a bit better than the rise in
disposable personal income. The ratio of store sales to
disposable income remained around 66 percent.
A slight increase in the sales-income ratio was due in large
part to the greater rise in sales of nondurables. The ratio
of retail sales to income in the food group went up from 15.4
percent in 1956 to 15.9 percent in 1957.
Table 20.—Sales of Retail Stores by Kinds of Business, 1954-57
[Billions of dollars]
Seasonally adjusted
quarters at annual
rates
1954
1955
1956
1957
1957
I
All retail stores
169.1 183.9
Durable-goods stores ! _ _ _
18» 7 200.0 195.8
II
III
199.5 203.9
IV
200.5
58.2
67.0
65.8
68.5
68.6
68.9
69.2
67.2
Automotive group
31.7
Furniture and appliance group
9.1
Lumber, building, hardware group. _ 10.1
38.2
10.1
11.0
36.1
10.7
11.2
38.6
10.6
10.7
39.0
10.6
10.4
38.8
10.6
10.6
39.0
10.7
11.0
37.7
10.4
10.6
127.2 130.6 134.7
133.3
12.0
6.3
14.8
47.4
15.2
21.0
12.5
6.7
14.7
49.1
15.1
20.8
Nondurable-goods stores 1
. _.
Apparel group
_ . _ ... .
Drug and proprietary stores
Eating and drinking places ,
Food group
Gasoline service stations
General merchandise group
.
111.0
10.1
4.9
13.1
40.1
11.4
18.9
116.9 123.9
10.8
5.2
13.7
42.0
12.4
20.1
11.6
5.8
14.3
44.2
13.7
20.8
131.5
12.3
6.3
14.8
47.8
15.1
21.2
11.7
6.0
14.5
45.8
14.7
20.7
12.7
6.4
15.1
48.8
15.2
22.1
1. Totals include lines of trade not shown separately.
Source: U. S. Department of Commerce, Bureau of the Census and Office of Business
Economics.
23
The share of the consumer's dollar spent at durable goods
stores in 1957 showed a slight downward movement from
1956. Declines for the furniture and appliance stores and
lumber, building, hardware dealers were not fully offset by
advances in the sales-income ratio for the automotive group
and other hard-goods stores.
Consumer credit up
Consumer credit continued to be an important factor in
consumer purchasing, although credit outstanding rose less
than in the previous year. Direct installment credit for
automobiles and other consumer goods increased by $1.2
billion in 1957 about three-quarters of a billion dollars less
than in 1956. Automobile paper outstanding rose by a
billion dollars, about the same as in the previous year: The
increase in extensions resulting from improved sales in 1957
was offset by the growing amount of repayment. Reflecting
the less favorable sales situation the amount outstanding for
other consumer goods paper rose by $200 million during 1957
compared with the $900 million advance in 1956.
Price Trends
Prices were higher in 1957, reflecting the expansionary
demand factors and pressures on the cost side. The average
price rise in wholesale markets was more limited than in
the previous year and divergent movements developed
within the general price structure. In 1957, wholesale
prices of all commodities averaged 3 percent above 1956,
somewhat less than the 1955 increase. In consumer markets, the 1957 advance was somewhat more than in 1956,
as shown in table 21, in part reflecting increasing costs of
services as well as adjustments to higher wholesale costs of
goods.
Divergence in wholesale markets
In the latter part of 1957, the average of wholesale prices
fluctuated within a narrow range. By December 1957,
these prices averaged 2 percent above the previous December. Decreases in industrial raw material prices during
the year contrasted with the sharp 1956 increases, while
finished goods prices continued to rise. Nonfarm prices
as a group registered a more limited increase than in 1956,
while agricultural prices in 1957 as a whole advanced somewhat over 1956, following a moderate decline from 1955 to
1956.
The change in prices of industrial materials was most
striking in the metals. Raw and semifinished metal products
prices reached a high at the beginning of 1957, followed by
a strong downward tendency during most of 1957. At yearend the group was down more than 10 percent from a year
earlier. Prices of raw and semifinished forest products had
risen to a peak in early 1956, and the substantial decline
registered during the latter part of that year was extended
during 1957. Mineral fuels prices also declined during 1957
SURVEY OF CURRENT BUSINESS
24
from the peak reached early in the year in the wake of the
Suez crisis, but they remained appreciably higher than they had
been before the Suez events. Chemical prices edged upward
following small advances in other recent years, and prices
of agricultural nonfood products remained within the narrow
range in which they had fluctuated for a number of years.
Manufactured products prices, as indicated in the chart,
continued to advance during most of the year, but at a less
rapid rate than in 1956. This was particularly true of a
broad group of metal products and building materials prices
where the 1957 rate of increase was less than half that
prevailing in the preceding 18-month advance. Prices of
other broad types of manufactured goods continued the
rising tendencies registered in 1956.
February 1958
The 1957 increase in goods prices was less than the 3
percent rise in 1956 but compares with a small decline in
1955. Among the commodity groups, the major increase in
1957 occurred in food prices primarily due to sharply rising
prices of meat and dairy products. Most nonfood goods
categories at the year-end were up somewhat from their
end-1956 levels.
Prices Higher in 1957
S
> Manufactured goods at wholesale continued up
> But raw materials and semimanufactures turned down
Table 21.—Wholesale and Consumer Prices
I4O
NONAGRICULTURAL
Average annual index,
1947-49=100
Percent change
Man ufactured
1954
1955
1956
1957
1955 to
1956
1956 to
1957
All wholesale prices
110.3
110.7
114.3
117.6
3.3
2.9
All raw or semimanufactured materials.
103. 4
112 9
103. 0
113.6
104.8
117.9
105. 9
122.0
1.7
3.8
1.0
3.5
Agricultural products. . -
100.8
97.0
96.6
98.9
-.4
2.4
94.4
94.2
95.2
104.7
106. 7
100.7
89.5
87.7
97.3
101.6
103.6
97.7
88.1
86. 1
96.4
101.8
103.4
98.8
90.3
88.7
97.4
104.2
107.2
98.5
-1.6
-1.8
-.9
2
2
2.5
3.0
1.0
2.4
3.7
-.3
118.7
122.2
128.7
133.0
5.3
3.3
114.7
114.0
115.2
110.3
118.4
121.0
120.0
103. 0
118.3
106. 9
125. 6
125. 0
120.0
114. 5
122.2
110.3
132.5
124.9
123.0
103.9
120.3
106. 5
130.0
128.4
125. 6
115.8
125. 4
115. 1
146.7
130.6
129.6
102.9
127. 1
109. 4
139. 1
134.7
125. 2
117.4
119. 1
121.7
141. 3
136.0
135.3
104.8
129. 6
115. 1
145. 9
140.4
4.7
1. 1
2.6
4.4
10.7
4.6
5.4
-1.0
5.7
2.7
7.0
4.9
-.3
1.4
-5.0
5.7
-3.7
4. 1
4.4
1.8
2.0
5.2
4.9
4.2
1.5
3.4
1.4
1.7
1.8
3.6
4. 1
1.4
1.5
3.3
3.2
1.3
5.7
4. 1
3.7
3.8
2.9
Raw or semimanufactured..
Foods
Nonfoods
__ . _
Manufactured
Foods and beverages
Nonfoods
,. . -
_. _
Nonagricultural products
Raw or semimanufactured
Chemicals
_
...-_.
Forest products
Mineral fuels _ _ _
__
Metals
Nonmetallic minerals..
Manufactured
Chemicals
_
.
. _.
Forest products
Mineral fuels, electricity
Metals
Nonmetallic minerals
. _._ .
All consumer prices
114.8
114.5
116.2
120.2
Food
Housing
_
.
Apparel
Transportation
__ - Medical care
Personal care
Reading and recreation _ ___ ._
Other goods and services
_ __
112.6
119. 1
104. 3
128.0
125.2
113.4
107.0
120. 1
110.9
120.0
103.7
126.4
128.0
115.3
106.6
120.2
111.7
121.7
105.5
128.7
132.6
120.0
108. 1
122.0
115. 4
125. 6
106.9
136.0
138.0
124.4
112.2
125. 5
i!i
Raw or Semimanufactured
100
I i l IjJjJ 1 j j | J 1 1 iJlJJ, N . 1 1 1 1 1 i l l i)J 1-1..U..1J..I. i LU.nl.lr 1 lli.UJ U
Manufactured
agricultural products follow7 >if ;>£i%
!i
-'•
•
'i*&.* :i ^&*^^£$?''<^
- manufactures
in
movement
but
at
-'••>'
''
*•*•-,
,
O Agricultural raw and semimanufactured products
show some advance from year-end WS5 low point
"
120
IOO
Source: U. S. Department of Labor, Bureau of Labor Statistics. Data arranged by U. S.
Department of Commerce, Office of Business Economics.
Advance in consumer prices
Retail prices of goods and services continued on a rising
trend during 1957, bringing average consumer prices in
December to 121.6 (1947-49=100), 3 percent above a year
earlier. Though prices in all major groups continued to
advance, the increase over the year was larger in services,
which rose over 4 percent, than in goods which were up 2%
percent.
The wider swing in service prices reflected an acceleration
of the postwar uptrend in these costs relative to prices
paid for commodities. The 1957 increase in these prices was
more than half again as much as the 1956 rise and more than
double that registered in 1955. Contributing to the 1957
rise in prices of services were large advances in transportation
and medical and personal care.
A
140
Services
120
Commodities
too
1 1 1 1 i.i 1 1 1 1 1 .1 i i 1 1 1 1 1 1 1 i 1 1 i
ISS4
495S
19S0
IS6T
'
February 1958
SURVEY OF CURRENT BUSINESS
25
o
and
jXPORTS OF more than $26 billion of goods and services
(other than military supplies and services transferred as
grant aid) were approximately $2.8 billion, or 12 percent,
more than in 1956. Foreign business was thus an important
factor in the rise of the value of goods and services produced
by the United States in 1957. After adjustment for price
changes, exports of goods and services were about $2 billion
higher than in 1956, equivalent to more than half of the increase in the volume of goods and services produced by the
country.
While exports were one of the major elements in the rise of
domestic production from 1956 to 1957, the high point in
exports was reached during the early part of the year. The
subsequent decline was rather gradual at first but accelerated during the closing months of the year. Exports,
therefore, were also among the factors contributing at first to
the slowdown in the upward movement of domestic business
activity and toward the end of the year to its decline.
Change in export trends
The reasons for the fluctuations in the export market were
analyzed in earlier issues of the SURVEY. To some extent the
rise in demand during the winter months of 1956-57 was due
to extraordinary factors, including the Suez crisis, the poor
European harvest in the preceding summer, and the need for
replenishing foreign inventories of cotton. Equally as important as the existence of these extraordinary factors in
the foreign demand was the fact that they led to an increase
rather than a shift in demand. This increase was financed
to a large extent by drawings upon previously accumulated
gold and dollar assets and upon the dollar assets of the
International Monetary Fund, and to a lesser extent by an
increase in current dollar earnings.
Another element in the rise in exports in the early part
f of 1957 was the rapid expansion of foreign economies, often
in excess of their capacity to finance investments from
current incomes or through outside aid and capital inflows.
The resulting increase in the imports of these countries
caused a depletion of their reserves, and consequently the
upward movement in imports had to be reversed when the
reserves declined toward the minimum required by these
countries for their international transactions.
Foreign buying lowered reserves
For foreign countries as a whole, about half of the rise
from 1956 to 1957 in their purchases of goods and services
in the United States was financed either by drawing on their
gold and liquid dollar assets (and those of the Monetary
Fund) or by reducing their accumulation of such assets.
The movement in foreign gold and liquid dollar assets through
transactions with the United States changed from an accumulation of about $1,000 million in 1956 to a decline of about
$300 million in 1957.
For most foreign countries the balance of payments
deficit settled in gold and dollars was even greater, as a few
countries—particularly Germany, Venezuela, and Canada—
increased their holdings. During the first 3 quarters of 1957
these three countries gained about $1,500 million, and
although they had some losses during the last quarter of
the year, for the year as a whole, the gains remained quite
substantial. For the development of our export trade it
was significant, however, that these countries accounted
for less than one-third of our exports.
The countries losing gold and dollars were by far more
important to the development of our export trade.
Dollar outflow recedes from 1957 peak
The other half of the export rise from 1956 to 1957 was
financed by a higher outflow of U. S. funds through imports
of goods and services, Government loans and sales for foreign
currencies.
Private investments increased sharply during the second
half of 1956, stayed at the high level reached through the
middle of 1957, and then declined. In 1957, as a whole, the
outflow of private capital was about as high as in 1956.
Although investments during the peak period from the
middle of 1956 through the third quarter of 1957 included
about $600 million for the purchase of oil concessions in
Venezuela—which was primarily added to the reserves of
that country—the increase in the outflow of private capital
was also an important factor in the rise and continued high
volume of U. S. exports during the latter part of 1956 and
the first half of 1957. Likewise, the decline in the outflow
of private capital from the first to the second half of 1957
contributed to the decline in exports during that period.
Capital outflow slows after midyear
Some of the decline in the outflow of private capital was
due to lower investments in foreign branches and subsidiaries
of U. S. corporations. In part this was due to an unusual
concentration of large transactions during the first half of
the year partly involving new financing through the capital
SURVEY OF CURRENT BUSINESS
26
market. Current goals for the expansion by major companies
of production facilities abroad do not seem to have been revised, however, and large new projects, particularly in the
development of mineral resources, which require many years
for completion, continue to be pursued. Nevertheless, the
appearance of excess capacity and price weaknesses for many
materials produced by U. S. corporations in their foreign operations may have contributed to a stretch-out of investment
programs and thus a slowdown in the outflow of new capital.
There was also a noticeable decline in direct investments in
the United Kingdom and the rest of the sterling area during
the third quarter, which may have been a temporary movement related to the balance of payments difficulties of the
United Kingdom at that time.
This applies also to the return of short-term funds from the
United Kingdom during the third quarter of 1957.
The tightening of the domestic capital market was probably a factor in the decline in new issues of foreign securities
in the United States, and together with the possible overextension of indebtedness and other balance-of-payments
difficulties of some countries, may have been responsible for
some hesitation by banks and other private enterprises to
extend short- and medium-term credits.
More credits by U. S. Government
The outflow of funds through Government nonmilitary
grants, credits, and the accumulation of foreign currencies
in 1957 was about $600 million larger than during the previous year. The rise was mostly in capital transactions, both
long and shortterm, while grants were about the same in
both years. The rise in Government credits included the
$250 million lent by the Export-Import Bank to the United
Kingdom during the fourth quarter in order to strengthen
the reserves of the sterling area.
Omitting this loan, which did not contribute directly to
the demand for U. S. products, the outflow of U. S. Government funds in 1957 was still higher than in 1956, but declined
February 1058
from the first to the second half of the year. Thus Government credits and the acquisition of foreign currencies were a
major factor in the export rise to a temporary peak in the
first half of 1957.
While the decline in the outflow of funds through private
investments or Government assistance (except for special
transactions which resulted in additions to foreign reserves)
from the first to the second half of 1957 apparently contributed to the decline in exports of goods and services, the outflow of dollars through the purchase of goods and services
continued to rise throughout the year.
The rise occurred in merchandise imports as well as in
other items such as travel expenditures abroad. The deve]
opment in import payments varied, however, among foreign
areas. Generally, payments to countries producing raw materials declined, while payments to countries from which we
obtain manufactured goods, increased. Imports of foodstuffs which were comparatively low during the first three
quarters of the year rose again during the fourth.
Military expenditures, which declined from an unusually
high amount in the first quarter to the third quarter of 1957,
recovered somewhat toward the end of the year.
Recent Developments
Compared With 1953
The international transactions of the United States during
1957 differ from those during 1953, the last previous period
when U. S. business activity was at a cyclical peak and subsequently in the early phases of a downswing. Consequently, the favorable effects of our foreign business on the
domestic economy, and the relatively minor repercussions o%
the decline in our economy on those of foreign countries at
that time cannot necessarily be expected to be repeated.
U. S. payments decline less in 1957
Table 22.—Major Changes in the United States Balance of Payments
from 1956 to 1957
[Billions of dollars]
United States Expenditures Abroad:
United States imports:
Merchandise, . . _ _
_ _
Services and military purchases
Private remittances and pensions
Government grants and capital (net)*
United States private capital (net)
Total
_
_
Foreign Expenditures in the United States:
United States exports: *
Merchandise
Services and militarv sales
Foreign long-term investments in the United
States (net)
Transactions unaccounted for (net)
Total
Increase in foreign gold and liquid dollar assets
through transactions with the United States__
1957
12. 8
7. 0
.6
2. 3
3. 0
13. 2
7. 4
.7
2. 8
3. 0
.4
.4
.1
.5
25. 7
27. 1
1. 4
17. 3
6 2
19. 3
7 0
2. 0
.5
.7
.3
.8
. 1
24. 7
27. 4
2. 7
1.0
—.3
— 1.3
*Excluding military supplies and services transferred under grant-aid programs.
Source: U. S. Department of Commerce, Om'ce of Business Economics.
Change
1956
8
9
In 1953, the peak in our payments to foreign countries,
after adjustment for seasonal movements, was reached in
the third quarter. Beginning at that time payments
declined for two quarters and at the low point in the first
quarter of 1954 were about $700 million, or 13 percent,
below the peak. In 1957, the peak was reached in the
second quarter and the decline during the following two
quarters was about $340 million or 5 percent. Thus, in
absolute terms the rate of decline in the outflow of dollar
funds was half of what it was 4 years ago, and relative to
the size of the transactions it was considerably less.
To some extent the relatively sharper drop in the 1953-54
period was due to a waterfront strike during the first quarter
of 1954 which reduced imports, but even allowing for the
incidence of that, the general comparison is not affected.
Yet, production abroad continued to expand in 1953-54,
while in the recent period many countries had to take
restrictive measures to safeguard their foreign exchange
reserves.
Imports of goods and services excluding military expenditures had reached their peak during 1953 in the second
quarter and fell by about $420 million or more than 11
percent between the peak and the lowest point in the first
quarter of 1954. (Without the strike mentioned above,
the decline might have been perhaps $370-$380 million,
or roughly more than 10 percent.
February 1958
SURVEY OF CURRENT BUSINESS
From the second to the third quarter of 1953 the decline in
nonmilitary imports of goods and services was more than offset by a rise in military expenditures abroad, by higher Government loans, and by a change from net inflow to a very
small net outflow of private capital. Military expenditures
continued high for another quarter, and although they
dropped somewhat during the first quarter of 1954, they
provided some offset to the decline in imports.
Government loans declined after the third quarter of 1953
and thus accentuated the drop in the outflow of funds from
the United States. Private investments abroad, however,
continued to rise during the entire period of falling business
activity and declining imports and thus were a major support
for foreign dollar receipts.
In 1957, imports of goods and services excluding military
expenditures did not drop at all, but on the contrary moved
slowly upwards throughout the year. Military expenditures
fell from the second to the third quarter. Although they
recovered again in the fourth quarter, they do not show an
upward trend as was the case in 1953-54. Government
capital outflows, largely because of the $250 million loan
to the United Kingdom, moved upward. The outflow of
private capital, however, declined from the very high level
during the first half of the year and constituted through
the end of the year the major element in the reduction in
total U. S. payments. Nevertheless, private investments
abroad were at a higher rate during the second half of 1957
than in most of the recent years.
U. S. receipts dropped more in 1957
While total U. S. payments to foreign countries dropped
more slowly in 1957 than in the 1953-54 period of declining
business activity, U. S. receipts from abroad fell considerably more.
From the peak in the third quarter of 1953 to the low point
in the first quarter of 1954, the decline in total U. S. receipts
from the export of goods and services, including income on
investments, and from foreign long-term investments in the
United States was about $200 million or less than 5 percent.
However, the waterfront strike during the first quarter of
1954 may have accounted for more than $100 million of
the drop, so that perhaps less than $100 million of the
decline may be attributed to cyclical and other developments, and most of that drop took place from the third to the
fourth quarter of 1953. Thus, exports at that time did not
contribute materially to the decline in business activity, and
the upturn in the first half of 1954 helped in the expansion
of production which set in around the middle of that year.
In 1957, U. S. receipts had reached the highest point during
the first quarter and in the fourth quarter were about $600
million or 10 percent less than at the peak. About $200
million of the decline was due to changes in the inflow of
foreign long-term capital to the United States. The drop
in exports of goods and services was about $500 million or,
nearly 8 percent, and in nonmilitary merchandise exports
alone nearly $600 million, or over 11 percent.
Foreign countries in weaker reserve position
In sum, the current dollar receipts of foreign countries
appear to have been much less affected by the recent decline
in U. S. business activity than was the case in 1953-54,
while the effects of foreign business on the U. S. economy
in 1957 were much more adverse than in the earlier period.
The difference in the movement of foreign expenditures in
the United States during these two periods may in part be
27
explained by the difference in the balance of payments between the United States and foreign countries in 1953 and
in 1957 before the decline in business activity set in.
During the first three quarters of 1953 the transactions
between the United States and the rest of the world resulted
in net payments by the United States and a corresponding
rise in foreign gold and liquid dollar assets by about $2.3
billion at an annual rate. The decline in foreign dollar
receipts during the following two quarters reduced the rate
of accumulation by about $1 billion, but because of its previous size it remained sufficiently high to permit a continued expansion of business activity and trade by foreign
countries.
In contrast, during the three quarters preceding the decline
in U. S. payments in 1957, foreign expenditures in the
United States already exceeded foreign dollar receipts by
about $650 million at an annual rate. This made the foreign
position at that time considerably more vulnerable than it
had been in 1953. The vulnerability of foreign countries
was even more pronounced than the overall loss of gold and
dollars indicates because losses of gold and dollars by certain
key countries, including the United Kingdom, were substantially higher.
Although total gold and liquid dollar holdings in the middle
of 1957 were about $4.7 billion higher than in the middle of
1953, this amount equals the gains of three countries—
Germany, Canada, and Venezuela. The total holdings of all
the other countries and international institutions after the
decline during the preceding three quarters were not higher
than 4 years earlier, although total imports by these countries had risen over that period by about 45 percent.
The financial difficulties of these countries, which made
it necessary to restrict their demand for goods and services
produced by the United States, preceded the change in business activity here and must be attributed to the exceptionally
rapid rise in foreign expenditures in the United States during
the preceding period which set in around the beginning of
1956.
The decline in our exports after the first quarter of 1957
must be viewed as an adjustment from the previously
sharp rise (which exceeded the rise in the outflow of funds
from the United States) and to date only to a minor extent
to the decline in our payments to foreign countries which
set in around the middle of the year. There can be no
question, however, that because their reserves relative to
their trade are much smaller than in 1953, and because they
did not start from a position of rising reserves as they did
then, the decline in our payments abroad provided an additional reason for a downward adjustment in foreign purchases here.
Foreign economic expansion slower
Another major difference between 1953 and the current
period is that during 1957 capital investments, and therefore
the rise in business activity throughout the world, seemed
to have slowed down while in 1953 the decline in the United
States economy was offset by a continued and in fact an
accelerating rise abroad. Balance of payments difficulties
are only partly responsible for the recent change in trends.
The world-wide expansion of productive facilities for many
commodities, particularly raw materials and some foodstuffs,
has outstripped the rise in demand. Consequently, prices
of primary commodities have generally weakened during
1957 and the incomes and purchasing power of the producing
countries have been affected adversely, a condition which
did not prevail in 1953.
28
SURVEY OF CURRENT BUSINESS
Business expansion also slowed down in most manufacturing countries, including those which were not affected by
balance of payments difficulties. As the slowdown in output appears to be much more widespread than in 1953 our
economy cannot expect the same degree of support from our
foreign business as it received during the previous downturn.
Most foreign countries, however, are more or less committed to maintain a high degree of employment and to
achieve further economic development. They may be
expected to take measures to counteract contractive forces
that may develop in their economies. Such measures will
also provide some support for the demand for goods and
services from the United States. The extent to which this
demand can become effective will depend on the outflow
of funds from the United States and the distribution of these
funds among foreign countries.
In the analysis of the effects of the decline in business
activity in this country on the outflow of funds from the
United States the following factors should be taken into
consideration.
Stabilizing factors in dollar outflow
Overall merchandise imports have not declined through
the end of 1957, which is contrary to the experiences in
previous postwar periods of declining business activity.
To some extent this was the result of rather large imports of
coffee during the final quarter of the year following lower
imports and a depletion of stocks earlier in the year. Coffee
imports generally are not affected by moderate changes in
U. S. business activity.
More important from a long-run point of view may be
certain shifts in the composition of imports which have taken
place since 1953. In particular, commodities which were
subject to the largest import drop in 1953-54, including
materials used in the production of durable and nondurable
goods (excluding newprint and petroleum), and goods used
in agricultural production, comprised a lesser portion of total
imports during the first 9 months of 1957, than prior to the
1953-54 decline in business activity, while those commodities
which had risen during the business decline in 1953-54 comprise now a much larger share of imports. Important
among the latter are manufactured consumer goods. These
shifts appear to have contributed to the relative stability in
imports during the recent decline in domestic business activity and their influence should be considered 111 evaluating
the sensitivity of imports in the longer run.
Another stabilizing element in recent imports was the fact
that during the first half of 1957, before domestic business
activity started to fall, imports of materials used in manufacturing production were already lower than a year earlier.
In 1953-54 imports of materials used in durable-goods production moved rather parallel to the output of such goods,
while imports of materials used in nondurable goods followed
a downward trend which had started much earlier and caused
the decline to be steeper than the decline in the output of
nondurable goods.
The failure of imports of many industrial materials (other
than petroleum) to rise prior to the middle of 1957 in proportion to the output of the industries using them was due
to a relatively greater utilization of supplies obtained from
competing domestic sources.
The rising share of domestically produced goods in the total
consumption of such materials may indicate that the dependence by the United States on imported materials has
declined. It may also signify, however, that for some commodities domestically produced goods are used to supply the
peak demand and that as demand declines imports would
again supply a rising share of the market. The latter would
February 1958
be the case where domestic sources of supply are being
gradually depleted, and costs of production are rising more
than abroad, or where foreign prices are more flexible than
those of domestically produced goods. In these instances
imports would be expected to be more stable than the activity of those industries which use the imported materials.
Similar conditions may also have been behind the sharp rise
in U. S. exports since the early part of 1956 as world demand
for many commodities approached a peak.
Factors reducing dollar outflow
t
There are several factors, however, which may pull imports
downward. The ratio of inventories to consumption for
many imported materials (except wool) rose sharply during
the early part of 1957 and was unusually high when consumption started to decline. During the following months this
ratio increased further. A rise in inventories of many imported materials (particularly those produced abroad by
branches and subsidiaries of U. S. corporations) occurred also
during the 1953-54 downswing of business activity. In 1953,
however, inventories were smaller in relation to consumption,
and prices during the period of declining business activity
were rather stable. It may be too early, therefore, to infer
that rising inventories will again absorb some of the impact
of a declining domestic demand.
Government stockpiling, which continued at a comparatively even pace during the 1953-54 cycle, started to drop
early in 1957 and can be expected to continue downwards.
On the other hand, the decline in imports of steel during the
1953-54 period, following a sharp rise a year earlier as a consequence of the steel strike in 1952, does not have a counterpart at this time. Petroleum imports, which were one of the
rising items in 1953-54, are now restricted.
|
Among the other purchases by the United States, military
expenditures are not likely to provide a support to foreign
dollar earnings, as was the case in 1953-54. Travel expenditures continue to rise relative to U. S. disposable income, but
not quite so much as they did 4 years ago.
Factors favoring
increase in capital
outflow
The outflow of private capital during the final months of
1957 was held down both by the absence of extraordinary
transactions like the purchases of oil concessions in Venezuela
and major new security issues. Several large new issues are
scheduled for the current year, and the increased supply of
loan capital may also stimulate the outflow of short- and
medium-term funds through banks or other commercial
channels. Present indications are that private portfolio
capital outflow will rise again during the early part of this
year, and thus counteract to some extent a decline in the
outflow of dollars from other transactions. This happened
also in 1953-54 when private capital was a major factor in
mitigating the effects of the business downswing in the United '
States upon the economies of the rest of the world.
To sum up these various trends and developments,
it may be concluded that the flow of dollars to the
rest of the world continues, of course, to depend mainly
upon domestic business developments. There are several
factors missing in the current situation which in 1953-54
kept the outflow of dollars to foreign countries relatively
stable. Other developments have appeared, however—
largely reflecting the growing economic strength of other
countries—which in the absence of restrictions on trade and
investments both here and abroad, could be expected to have
a stabilizing influence on the outflow of dollars at this time.
BUSINESS STATISTICS
Wlontki
-L HE STATISTICS here are a continuation of the data published in the 1957 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2) contains monthly (or quarterly) data for the years 1953 through 1956 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1953. Series added or significantly revised since publication of the 1957 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1956 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1957 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
Data from private sources are provided
1957
1956
December
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
GENERAL BUSINESS INDICATORS
NATIONAL INCOME AND PRODUCT
Seasonally adjusted quarterly totals at annual rates:
National income, total
bil. of dol_.
Compensation of employees, total
Wages and salaries, total
Private
Military
Government civilian
Supplements to wages and salaries
do
do
do
do
do
do
Proprietors' and rental income, totaled
do
Business and professionald"
do
Farm
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil of dol
Corporate profits before tax total
do
Corporate profits tax liability
do
Corporate profits after tax
do
Inventory valuation adjustment
do
Net interest
_
353.3
' 355. 6
' 358. 5
' 362. 6
247 9
233 3
194.7
9.7
28.9
14.6
251.1
235. 9
196.8
9.6
29.4
15.3
254 0
238 6
199 1
9 7
29.7
15 4
257.0
241. 3
200.9
9.8
30.6
15.7
255.3
239 5
199.1
95
30.8
15 8
r
r
51 2
28 7
12 1
10 4
'51 7
29 1
' 12.2
10.4
51.3
28 6
12 2
10 4
40 7
42 0
21 4
20.5
—1 3
40.9
41 8
21.3
20.4
-.9
50.7
28 3
12.0
10 4
12.3
do
426.0
Personal consumption expenditures, total
Durable goods
Nondurable goods
.
Services
do
do
do
do
272.3
34.8
135.3
102 2
Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories
do
do
do
do
68.5
33 4
29.9
5.1
__
Net foreign investment
do
Government purchases of goods and services, total
bil. of dol
Ffiflp.ral flfiss Govpimmfmt sales)
rjo
National security 9
do
State and local
. do
50.9
28 4
12 0
10 4
r
41.2
43 9
22.4
21.5
—2.7
42.4
45 6
23.3
22.3
—3.2
do
Gross national product, total
T
12.7
12.5
r
r
429. 9
r
435 5
13.0
13 3
440. 0
432 6
276.7
35.9
137.3
103.4
278.9
35 0
139.1
104 9
283.6
35.0
142.5
106. 1
282.4
34 4
140 8
107 2
r
63. 6
32.8
30.7
r 0
'66 2
32 7
30.5
'29
'66.5
33.0
30.5
'30
61 3
34 o
30 0
—2 7
2.4
4.1
35
3.2
20
82.8
49.0
44.2
33.9
85 6
50 3
45 5
35.3
86.9
51 1
46 3
35.8
86.7
50.6
45.8
36.1
87 0
49 7
45 0
37.3
Personal income, total
Less* Personal tax and nontax payments
Equals: Disposable personal income...
do
do
do
334.5
40.5
294.0
'338 3
42 2
' 296. 1
'343 2
42 9
'300.4
' 346. 9
43.8
' 303. 3
345 5
43 4
302.1
Personal saving§
do
21.7
'19.5
'21.4
'19.7
19.8
PERSONAL INCOME, BY SOURCE
-Seasonally adjusted, at annual rates:
Total personal income
bil of dol
Wage and salary disbursements, total
do
Commodity-producing industries
Distributive industries
Service industries
Government
do
do
do
do
Other labor income
__
do
Proprietors' and rental income _
do
Personal interest income and dividends
do
Transfer payments
do
Less personal contributions for social insurance
bil. of dol. _
334 8
T
336 3
r
r
341 1
r
r
345 1
338 5
'340 2
237.2
102.3
63.0
32.6
39.3
237.1
102.4
62.7
32.9
39.1
238.3
102.4
63.4
33.0
39.5
240.1
103.3
63.8
33.2
39.8
7.8
7.8
'51.1
31.0
20.8
7.8
••51.1
31.2
21.6
7.9
'51.2
31.2
21.5
235.3
102.7
61.6
32.2
38.8
234.5
101.4
62.0
32.2
38.9
235.9
102.0
62.4
32.4
39.1
7.7
50.2
28.5
19.0
7.7
'50.6
30.7
19.5
7.8
'51.0
30.8
19.7
5.9
6.7
6.7
r
51.1
30.9
20.0
343 2
6.8
6.7
6.8
6.8
324.5
325.3
327.5
329.3
r
r
347 3
'347 2
' 346. 8
'346 2
'343 6
343 6
240.9
103.0
64.5
33.4
40.0
241.7
102.8
64.7
33.7
40.5
241.5
102.2
64.8
33.9
40.6
240.1
101.3
64.3
34.0
40.5
239.5
100.9
64.2
34.1
40.3
238.8
'99.8
'64.4
34.2
'40.4
236.7
97.7
64.6
34.1
40.3
7.9
51.7
31.4
21.3
8.0
'51.7
31.6
21.2
8.0
'51.7
31.6
21.2
8.0
'51.7
31.7
22.1
8.0
'51.2
31.7
22.6
8.0
'50.9
29.7
23.0
7.9
50.8
31.7
23.3
6.9
6.9
6.8
6.8
6.8
6.8
6.8
331.0
330.3
'327.6
327.7
346 3
r
320.7
322.7
Total nonagricultural income
do
331.3
330.5
p
Revised.
d*Includes inventory valuation adjustment.
9 Government sales are not deducted.
§ Personal saving is excess of disposable income over personal consumption expenditures shown as a component of gross national product above.
319.6
331.3
8-1
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
February 1958
1957
1956
December
January
February
March
April
May
June
1958
1 July
DecemOctober NovemAugust September
ber
ber
January
GENERAL BUSINESS INDICATORS—Continued
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
All industries
9,838
8,282
9,590
9,357
19,805
Manufacturing
_ _ _ _ _ _ _ . .do
Durable-goods industries
do
Nondurable-goods industries
do
4,428
2,339
2,089
3,505
1,759
1,746
4,183
2 120
2,063
4,010
1,995
2,015
4, 351
2,173
2,178
Mining
_
Railroads
Transportation, other than rail
Public utilities
Commercial and other
346
332
450
1, 452
2,830
300
342
358
1,205
2,572
327
362
478
1,510
2,730
314
358
447
1,720
2,508
313
329
517
1,843
2,452
36.46
36.89
37 03
37.75
do_
_ do _
do
15. 81
8.21
7.60
16.12
8.09
8.03
16 25
8 31
7 94
16.37
8.23
8.14
16.16
7.93
8.23
do
do
- do
do
do
1.28
1.23
1.76
5.27
11.11
1.35
1.42
1.52
5.72
10. 76
1 28
1 35
1 82
5 93
10.40
1.24
1.54
1.81
6.64
10.15
1.20
1.22
2.03
6.62
10.24
mil. of dol
- --do
do
- -do. _ .
do
- - do
-
Seasonally adjusted quarterly totals at annual rates:
All industries
bil. of dol
Manufacturing
Durable-goods industries
Nondurable-goods industries
Mining
Railroads
Transportation, other than rail
Public utilities
Commercial and other
-
1
37. 47
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments total
mil. of dol
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total 9
-do
Dairy products
do
Meat animals
- do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1947-49 = 100
Crops
do
Livestock and products
- do
Indexes of volume of farm marketings, unadjusted:
All commodities
- 1947-49 =100. _
Crops
do--_
Livestock and products
.
do
2,789
2,615
2,049
1,909
1,950
2,057
2, 317
2,610
2,715
2,954
3,610
3,267
2,981
2,749
1,441
1, 308
367
649
271
2,571
1,187
1,384
373
766
215
2,018
802
1,216
352
627
208
1,880
576
1,304
398
645
229
1, 928
557
1,371
393
711
231
2,036
566
1,470
433
759
232
2,070
747
1,323
415
654
220
2,441
1,018
1,423
394
776
230
2,579
1,103
1,476
381
824
253
2, 847
1,364
1,483
365
831
267
3, 510
1,804
1,706
375
1,003
306
3,205
1,687
1,518
363
826
312
2,933
1,473
1,460
377
751
307
113
134
96
105
110
102
83
75
89
77
54
96
79
52
101
84
53
108
85
69
97
100
95
104
106
103
108
117
127
109
144
168
125
131
157
111
120
137
107
127
134
122
120
113
126
97
78
111
90
52
118
90
46
123
96
49
132
97
70
118
111
97
122
116
106
124
130
135
126
167
190
149
151
178
130
131
150
117
INDUSTRIAL PRODUCTION
Federal Reserve Index of Physical Volume
Unadjusted, combined index
Manufactures
Durable manufactures
__
Primary metals 9
Steel
Primarv nonferrous metals
Transportation equipment 9
Autos
- Trucks
Aircraft and parts
Instruments and related products
Furniture and fixtures
Lumber and products
Stone, clay, and glass products
Miscellaneous manufactures
Tobacco manufactures
Textile-mill products 9 C otton and synthetic fabrics
Wool textiles
Apparel and allied products.Leather and products
Paper and allied products
Pulp and paper
145
148
148
144
143
145
135
145
' 146
145
141
'133
P132
146
166
142
158
170
146
164
146
160
170
149
167
148
160
167
150
166
144
154
'167
146
163
140
147
175
144
159
'135
142
171
146
162
136
140
167
136
' 151
118
128
157
146
159
128
134
160
147
159
128
134
153
147
'158
129
134
156
143
155
121
126
'159
135
' 147
'106
107
161
P133
P143
P102
P97
do__.
do
do
do
_do
183
139
178
158
217
181
136
175
158
208
185
138
177
160
210
184
138
177
161
208
179
140
169
157
194
174
136
166
154
189
176
139
168
153
197
167
134
158
146
182
'174
141
166
143
211
'173
144
171
148
217
'172
141
168
144
217
r 172
138
163
139
211
166
133
' 155
'137
'189
p 161
P128
P 153
pl36
p 186
- - do
do
do
do_..
do. _
do
do
do ..
- do
225
177
101
619
175
125
104
156
145
225
174
98
624
173
118
104
148
136
231
178
113
630
174
119
112
151
137
228
171
109
633
174
119
112
153
139
••223
155
120
••633
174
117
117
155
137
'214
144
113
171
115
118
158
137
'217
156
119
'615
171
118
131
159
139
'205
134
103
'609
168
116
105
150
131
'209
148
103
'606
172
124
125
163
144
'194
84
84
'597
174
125
121
162
150
'198
88
92
'592
172
124
119
161
148
'213
171
99
' 569
'172
119
106
' 152
'143
'207
151
'98
'574
'170
'118
92
145
'134
p 198
p 132
P91
P 575
P 164
P 112
do
do . --- do
do
do _
do
__do _
125
106
108
138
99
98
93
128
101
104
139
95
90
86
131
103
104
133
96
97
93
133
105
104
131
96
110
105
128
104
102
123
98
110
102
129
107
104
124
99
119
107
130
116
111
120
102
137
122
122
115
114
116
104
121
104
133
122
123
118
103
119
100
135
128
131
130
102
116
106
136
124
126
140
101
119
115
'130
'113
'115
133
101
104
98
' 122
106
109
131
101
p 124
do
do
do..
do
do-_
do
do
do
87
99
104
78
101
95
145
142
110
101
108
74
113
102
157
158
114
105
111
81
119
115
161
160
111
106
111
79
126
115
163
159
104
99
103
78
110
106
161
159
113
100
106
81
112
98
158
157
121
100
103
87
109
105
161
155
102
83
85
67
96
92
139
132
120
100
104
82
115
112
165
157
118
101
105
79
110
105
163
153
119
99
104
71
109
104
170
163
110
97
' 105
65
106
99
' 163 ""
156
.__
Metal fabricating (incl. ordnance)
Fabricated metal products
Machinery
Nonelectrical machinery
Electrical machinery
Nondurable manufactures
Food and beverage manufactures
Food manufactures 9 -_
Meat products
_ _
Bakery products
Beverages
_
__ _
Alcoholic beverages
144
do
do __
do
do
do _ _
1947-19 = 100. .
_
_ _
'614
P 140
P 127
88
95
55
94
14!V
138
r
Printing and publishing
do
142
144
136
134
142
140
139
143
136
146
145
144
143
P138
184
Chemicals and allied products
_. do
179
186
181
184
181
174
184
184
186
' 187
185
190
Industrial chemicals
_-do_.
199
206
205
200
194
200
205
206
206
207
' 203
200
208
Petroleum and coal products
do
145
144
139
139
148
144
145
' 138
'136
139
139
137
139
Vl36~
Petroleum refining
.__ do. .
160
154
158
147
149
152
145
153
' 147
152
145
146
148
132
132
148
147
148
Rubber products
do
112
133
135
114
135
135
145
139
r
Revised.
p Preliminary.
1
Estimates based on anticipated capital expenditur es of busiiless; those for the 1 >t quarter of 1958ap pear on p . 6 of the December 1957 SUR VEY.
9 Includes data not shown separately.
r>v\/-v»- i1957
riK-7 SURVEY; those for the indexes of cash receipts
l O K / t TV /T m 1956) for farm income and marketings appear on p. 23 of the November
JRevised annual data for 1951-56 (monthly, January 1954-May
and volume of marketings will be shown later.
T
1O£fi\
IVv-
SURVEY OF CURRENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
S-3
1958
1957
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Physical Volume — Con.
Unadjusted index— Continued
Minerals
1947-49-100
Coal
_.do
Crude oil and natural gas
do
Metal mining. _ __ _
__do
Stone and earth minerals
do
129
83
155
94
138
130
85
158
91
128
131
87
157
98
129
131
88
156
95
133
131
83
155
111
137
132
82
153
135
145
130
88
145
150
148
123
65
145
137
149
130
86
145
139
154
130
86
147
137
152
129
87
146
124
151
'122
80
144
92
'142
'121
73
'147
82
139
p 121
P72
p 149
do
147
146
146
145
143
143
144
144
145
144
141
139
136
P 133
do
do
do
149
167
145
147
164
143
148
164
143
147
162
137
145
160
134
145
159
132
146
162
132
146
161
132
147
163
136
146
' 160
131
142
155
128
'141
153
121
'137
' 147
'108
P 135
P 143
plOO
Metal fabricating (ihcl. ordnance)
Fabricated metal products
_
Machinery.
Nonelectrical machinery
.
Electrical machinery
do .
do
do
do
do
183
141
177
157
216
180
137
173
154
208
180
138
172
155
204
179
137
172
155
204
176
140
166
151
196
175
136
168
152
199
' 178
139
171
151
209
' 178
141
173
152
214
r
178
140
173
152
213
r 175
140
170
151
207
'170
136
162
146
194
••170
139
161
'141
199
164
'135
'154
'136
'189
P160
P129
P151
P133
p 186
Transportation equipment
.
Autos, trucks, and parts
Instruments and related products
Furniture and
fixtures
Lumber and products.
_
Stone clay, and glass products
Miscellaneous manufactures
do
do
do
_do.__
do
do
do
223
143
173
120
117
158
144
222
139
173
118
114
155
140
225
140
174
118
113
155
136
222
135
173
118
111
155
137
217
126
172
121
113
155
140
214
124
171
121
115
158
139
r 217
r 212
127
171
121
125
157
142
123
173
124
114
155
141
' 212
127
175
122
120
160
144
'208
123
174
121
114
159
146
'205
118
170
119
110
153
139
••206
'129
'170
115
108
'149
137
'200
'122
'169
'113
103
' 146
'132
P196
pl!4
P164
pll2
._do __
do
do
do
do
do
do
130
114
113
117
107
103
110
131
111
111
113
112
100
109
131
113
113
111
116
101
110
131
113
113
115
111
101
111
129
110
111
108
109
99
109
130
111
111
111
110
98
113
130
112
112
115
111
100
113
130
114
115
108
114
97
113
131
113
113
112
110
99
111
132
113
113
112
113
101
113
130
111
111
111
109
97
110
103
158
142
185
206
142
130
106
159
141
182
198
138
129
103
156
140
185
205
139
133
105
163
' 14-1
186
204
1.41
144
103
161
142
185
207
143
137
101
161
142
185
206
139
136
104
162
140
'183
'199
'136
132
152
'141
182
200
'138
119
'122
77
144
103
139
' 122
70
145
110
141
Seasonally adjusted, combined index
M anuf actures
Durable manufactures
Primary metals
Nondurable manufactures
Food and beverage manufactures
Food manufactures
Beverages
Tobacco manufactures
Textile-mill products
Apparel and allied products
_ _
_
r
r
r
r
128
••no
110
109
107
'95
'105
127
113
113
p 146
P131
P126
91
103
do
_ __ ..do
do
do __
do
do
do
102
157
140
179
199
145
137
102
159
141
184
205
147
145
106
157
141
183
205
143
145
107
157
141
182
202
141
142
106
156
141
183
204
142
131
Minerals
do
Coal
.
_
do
Crude oil and natural gas
do
Metal mining
do
Stone and earth minerals
do
CONSUMER DURABLES OUTPUT
Unadjusted total output
1947-49=100
130
80
153
127
141
131
82
154
120
142
133
87
154
122
142
133
92
152
121
143
130
87
151
118
140
130
82
153
113
142
127
86
146
119
142
127
83
147
112
143
129
84
149
118
145
129
82
151
119
144
128
80
151
'115
142
141
137
143
142
130
124
131
116
132
119
119
141
'124
p 119
'132
151
117
112
M25
P132
176
'106
^104
Leather and products
Paper and allied products ._
Printing and publishing
Chemicals and allied products
Industrial chemicals
Petroleum and coal products
Rubber products
P143
P134
•p 122
P69
P145
do
do. _ _
do
do
do
do
do
154
177
137
118
128
217
110
149
174
129
113
125
188
110
157
178
140
116
144
201
112
155
171
143
116
151
196
111
140
155
128
113
131
159
107
131
144
122
108
125
153
106
140
156
129
110
131
180
108
121
134
110
105
105
143
106
139
148
133
115
109
256
116
118
84
150
119
141
268
121
119
88
147
116
133
282
120
'152
171
138
113
121
259
114
do _ _
141
137
138
134
124
124
129
129
133
129
121
' 132
'124
p 119
Major consumer durables
do _ _
Autos
_
do
Major household goods
do
Furniture and floor coverings
do
Appliances and heaters
do
Radio and television sets
do
Other consumer durables
do
BUSINESS SALES AND INVENTORIES^
Manufacturing and trade sales (seas, adj.), total
bil of dol
154
168
143
115
144
218
113
147
169
130
114
128
181
114
149
167
134
113
137
189
114
144
159
132
113
133
185
111
131
141
124
114
119
167
109
131
139
126
112
119
186
108
137
144
133
113
123
226
108
137
134
142
118
126
259
111
141
145
138
116
123
248
114
134
129
140
115
134
237
116
125
118
'133
110
129
215
112
'141
154
'132
'110
130
'199
111
'130
140
124
109
p 123
P127
Major consumer durables
Autos
.- Major household goods
Furniture and floor coverings
Appliances and heaters
Radio and television sets
Other consumer durables
_
Seasonally adjusted, total output
_ __
188
'109
57 0
57.9
57.4
56 2
56.4
56.8
56 4
57. 4
57.0
56 3
55.7
'54.7
54.5
M! anuf acturing total
Durable-goods industries
Nondurable-goods industries
do
do
do
28.8
14 5
14.3
30.0
14.9
15.0
29.5
14.8
14.7
28.4
14.2
14.2
28.7
14.3
14.4
28.6
14.3
14.3
28.1
14.2
13.9
29.0
14 6
14.5
28.6
14.3
14.3
28.2
14 1
14.1
28.1
13.9
14.1
'27.2
13.5
' 13.7
26.7
13.1
13.6
Wholesale trade total
Durable-goods establishments
Nondurable-goods establishments
do
do
do
11.8
4.4
7.4
11.6
4.6
7.1
11.5
4.4
7. 1
11.4
4.4
7.1
11.3
4.2
7.1
11.5
4.3
7.2
11.4
4.3
7.1
11.4
4.3
7.1
11.4
4.2
7.2
11.2
41
7.1
11.0
3.9
7.0
10.9
3.9
7.0
10.9
3.8
7.1
Retail trade, total
Durable-goods stores
Nondurable-goods stores
do
do
do
16.3
58
10. 5
16.3
5.7
10.6
16.4
57
10.6
16.3
5.7
10.6
16.4
5.6
10.7
16.6
5.8
10.9
16.8
5.8
11.0
17.0
5.8
11.2
17,0
5.7
11.3
16.9
57
11.2
16.7
5.6
11.1
16.6
5.6
11.0
16.9
5.6
11.3
89.1
89.3
89.6
89.9
90.1
90.6
90.7
91.0
91.3
91.3
91.1
'91.0
90.8
52.4
30. 6
21 8
52.9
31.0
22 0
53.3
31.2
22 1
53.7
31.5
22 2
53.9
31.6
22 3
53.9
31.4
22 4
54.1
31.7
22 4
54.2
31.7
22 5
54.2
31.8
22 3
54.1
31.8
22 3
'53.9
'31.5
22.4
53.6
31.2
22.4
12.9
6.5
63
12.8
6.5
63
12.8
6.5
6 3
12.8
6.5
63
12.7
6.5
62
12.7
6.6
61
12 7
6. 7
60
12.8
6. 7
61
12 8
6. 7
6 1
12.8
6, 7 •
61
12.8
6.7
6.1
12.7
6.6
6.1
Manufacturing and trade inventories, book value, end
of month (seas adj ) total
bil of dol
Manufacturing, total
Durable-goods industries
do
do
52.3
30.7
21 6
AVholesale trade total
Durable-goods establishments
do
do
13 0
6.6
64
P108
24.3
24.5
24.4
24.2
24.1
24.1
23.7
24.3
23.9
23.7
24.0
23.9
23.9
Retail trade, total
do
11.4
11.2
11.1
10.8
10.6
10.9
10.7
10.7
10.8
1.1.0
10.8
10.8
10.7
Durable-goods stores
do
13.1
13.1
13,2
13.3
13.2
13.3
13.3
13.2
13.0
13.2
13.1
13.1
13.2
Nondurable-goods stores
. do__ .
' Revised.
» Preliminary.
§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. Onadjusted
data for manufacturing are shown on p. S-4; those for retail and wholesale trade on pp. S-9, S-10, and S-ll.
{Data beginning January 1951 for wholesale trade (not published in the, 1957 edition of BUSINESS STATISTICS) appear on p. 32 of the August 1957 SURVEY; those for January 1948-December 1950 are available upon request.
SUEVEY OF CUEEENT BUSINESS
S-4
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
February
1957
January
February
March
April
May
June
1958
July
October NovemAugust September
ber
December
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
29 532 r 27 270
26 354
14, 386 ' 13, 577 13, 146
r 2 102
2 336
1 949
1 688 r 1 433
1 297
r 4 Oil
4 406
4 172
28 070
14, 372
2 394
1, 332
4 390
28 928
14, 363
2 574
1,463
4 080
27 869
13, 975
2 374
1 438
4 171
29 815
15, 033
2 592
1 551
4 485
29 010
14, 768
2 481
1 642
4 355
29 116
14, 833
2 425
1 585
4 425
28 278
14, 590
2 484
1 552
4 459
27 196
13. 336
2 068
1 491
3 970
29 063
14, 231
2 262
1 632
4 134
28 171
13, 664
2 200
1 631
4 293
3 699
895
626
1, 036
3 611
989
646
1,000
3 467
941
628
956
3 590
1,010
740
1,065
3 489
995
728
1,078
3 496
975
799
1,128
3 187
1,027
763
1,118
3 193
868
721
1 025
3 256
1 031
793
1 123
2 750
995
695
1, 100
3 003
1,026
761
1,166
do
_ - do _ _
do
,_ do .
do
_- do ..
do
. -do ._
do
13, 698
4,088
343
1, 072
816
1,780
3, 037
461
2,101
14 565
4,260
338
1,143
923
2,002
3,273
491
2,135
13 894
4,077
312
1,131
840
1, 853
2 871
460
2 350
14 782
4 347
321
1 163
901
2,055
3 045
495
2 455
14 242
4, 196
347
1, 030
928
2,005
2 907
500
2 329
14 283
4,394
387
1,031
916
2,100
2 900
486
2,069
13 688
4 291
382
1 022
886
1,886
2 780
481
1 960
13 860
4 362
398
939
833
1 848
2 931
509
2 040
14 832
4 499
386
1 137
952
1 988
2 920
519
2 4' 51
14 507
4 493
374
1 104
932
2 013
2 719
462
2 410
15 146
4,660
377
1,214
981
2,086
2 866
524
2 438
r
Sales, value (seas, adj.), total
_ _ do _
Durable-goods industries, total
do
Primary metal
do
Fabricated metal.
do
Machinery (including electrical)
- do _
Transportation equipment (including motor
vehicles)
mil. ofdoL.
Lumber and furniture
do
Stone, clay, and glass
..do
Other durable-goods industries
do
28, 846
14 526
2, 462
1,418
4,241
29, 956
14 941
2,594
1. 594
4. 342
29, 534
14 808
2,453
1,573
4,290
28 426
14 198
2 389
1,514
4 158
28, 679
149 254
, 357
1, 625
4,242
28, 617
14 296
2,263
1,562
4,354
28 142
14 207
2 289
1,492
4 259
29 030
14 573
2 447
1, 605
4 447
28 638
14 297
2 362
1 520
4 281
28 215
14 132
2 182
1,547
4 314
28, 064
13 932
2,224
1,535
4,265
r
3, 530
1,014
746
1,115
3,570
1, 039
751
1,051
3,620
1 053
766
1 053
3,406
952
747
1 032
3,240
989
707
1,094
3,276
978
747
1,116
3,241
1 076
741
1 109
3,251
957
736
1 130
3 448
925
708
1 053
3,407
940
668
1 074
3,297
930
650
1 031
14, 320
4,278
372
1,147
868
1, 936
2, 786
474
2,459
15,015
4, 558
363
1,174
942
1,996
3,241
496
2,245
14, 726
4,447
371
1,252
875
1 930
2,960
495
2,396
14, 228
4, 333
349
1,144
858
1 908
2,928
476
2,232
14, 425
4,322
358
1,073
919
1 894
3,028
490
2,341
14, 321
4,340
352
1,079
907
1,996
2,959
481
2,207
13, 935
4,183
382
1, 063
877
1 894
2,780
458
2,298
14, 457
4,323
375
1,089
896
2 008
2 991
514
2, 261
14, 341
4, 357
354
1, 072
915
2 008
2,920
514
2,201
14, 083
4,278
378
1, 040
932
1 951
2 803
481
2 220
14, 132
4,331
356
1,029
917
2 002
2,895
490
2,112
T 2 089
2 067
52, 515
30, 591
4,119
3, 056
10, 316
52, 941
30, 835
4,068
3,106
10, 408
53, 320
31, 196
4,077
3 165
10, 524
53, 670
31,512
4,018
3 242
10, 614
53, 827
31, 778
3,962
3 286
10, 662
53, 985
31, 873
4,053
3 272
10, 811
^4 043
31, 749
4,043
3 292
10, 760
53 762
31, 450
4 173
3 240
10 584
53, 576
31, 225
4,314
3, 151
10, 481
53, 581
31, 306
4, 401
3, 061
10, 475
53, 734 r 53, 746
31, 487 '•31,306
T
4, 443
4,488
3 017 r 3 002
10, 390 r 10, 415
53, 730
31.213
4,453
2,955
10, 295
7,714
1,855
1,159
2,372
7, 803
1,869
1,179
2,402
7,878
1,889
1,217
2,446
7,951
1,945
1,233
2,509
8,124
1,922
1,257
2,565
7,969
1,904
1,265
2.599
7,899
1,877
1,267
2,611
7,781
1 871
1,239
2 562
7,713
1, 853
1,186
2,527
7,843
1,832
1,201
2,493
8, 115
1,804
1,197
2,476
8.9
12.7
9.0
8.6
12.9
9 3
8.6
13. 1
9.5
8.5
13.3
9.7
8.3
13.6
9.8
8.4
13.5
10.0
8.5
13.3
9.9
8 5
13 2
9 7
8.5
13.3
9.5
8.6
13.3
9.5
86
13 3
96
21, 924
5,061
1,959
2,663
1, 362
3,633
3,249
1,049
2,948
22, 106
5,001
2,131
2 739
1,362
3, 648
3,102
1,057
3,066
22, 124
4,902
2,132
2 736
1,412
3 701
3,101
1,057
3,083
22, 158
4,754
2 105
2 748
1, 455
3 725
3, 157
1,071
3,143
22, 049
4,622
2,075
2 698
1, 453
3,750
3,202
1,062
3,187
22, 112
4, 504
2,027
2 720
1,453
3,716
3,346
1,065
3,281
22, 294
4,524
1,981
2 691
1,442
3 744
3,451
1,058
3,403
22,312
4,629
1 936
2 678
1,430
3 716
3,529
1,024
3,370
22, 351
4, 830
1,923
2,623
1,415
3,679
3,587
1,010
3,284
22, 275
4,837
1,940
2,561
1,396
3,641
3,705
1,031
3,164
22, 247
4,929
1,960
2 515
1,395
3 658
3,732
1,053
3,005
8.9
2.9
10.2
8.9
3.0
10.2
8.9
3.0
10.2
8.9
3.0
10.2
8.8
3.0
10.3
8.7
3.0
10.4
8.7
3.0
10.6
8 7
3.0
10 6
8.7
3.0
10,7
8.7
3.0
10.6
88
2.9
10 5
52,295
30, 660
3,975
3,183
10, 409
52, 434
30, 631
3,962
3,169
10, 444
52 918
30, 961
4,071
3,230
10, 454
53 334
31, 185
4,102
3,210
10, 478
53 663
31, 462
4,114
3,222
10, 509
53,909
31, 566
4,192
3,146
10, 624
53 853
31, 438
4,207
3,077
10, 601
54 093
31, 696
4 245
3,146
10 622
54 203
31, 742
4,326
3, 151
10,609
54, 166
31, 820
4,344
3,123
10, 658
54 103
31, 754
4 356
3,143
10, 583
7.630
1,869
1,171
2,423
7,632
1,839
1, 156
2,429
7,738
1,865
1,170
2,433
7,825
1,914
1,174
2,482
8,016
1,890
1,209
2,502
7,975
1,865
1,240
2,524
7,919
1,845
1,254
2,535
8,038
1,857
1 239
2 549
8,035
1,872
1, 210
2,539
8,049
1,877
1,251
2,518
7,979
1,880
1 273
2,540
8.7
12.8
9.2
8.6
12.8
9.2
8.7
12.9
9.3
8.7
13.0
9.4
8.6
13.4
9.4
8.5
13.4
9.6
8.4
13.3
9.7
8.4
13 5
9.8
8.4
13.6
9.8
8.5
13.4
9.8
8.6
13 2
9.9
21, 635
4,799
1,884
2,713
1,349
3,594
3,249
1,039
3,008
21, 803
4,820
2 010
2,766
1,362
3,593
3,133
1,047
3,072
21, 957
4,867
2 030
2,694
1,398
3,643
3,197
1,036
3,092
22, 149
4,872
2 024
2,692
1,426
3,676
3,255
1,030
3,174
22, 201
4,876
2 054
2,628
1,439
3, 730
3,267
1,031
3,176
22, 343
4,869
2 047
2,625
1, 453
3,729
3,380
1,024
3,216
22, 415
4,882
2 064
2,612
1,442
3,692
3,486
1,027
3,210
22, 397
4 804
2 038
2 642
1,430
3 728
3,494
1 045
3 216
22, 461
4,805
2 024
2 649
1,429
3 737
3,517
1 074
3,226
22, 346
4,684
2,000
2,631
1,410
3,741
3,597
1,074
3,209
22, 349
4,725
1 980
2 625
1,423
3,732
3,623
1 097
3,144
8.5
3.0
10.1
8.6
3.0
10.2
8.7
3.0
10.3
8.7
3.0
10.4
8.7
3.0
10.6
8.9
2.9
10.5
9.0
3.0
10.5
9.0
29
10.5
90
30
10.5
8.9
2 9
10.5
89
30
10^4
Sales value (unadjusted) total
mil of dol
Durable-goods industries,
total
do
Primary meta1
do
Fabricated metal
<•
. do
Machinery (including electrical)
do
Transportation
equipment (including motor
vehicles)
mil. of dol
Lumber and furniture
do
Stone clay and glass
do
Other durable-goods industries
___do_._
Nondurable-goods industries total
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries
Nondurable-goods industries, total
Food and beverage
Tobacco
Textile
_
Paper
Chemical
Petroleum and coal
Rubber
Other nondurable-goods industries
_
do
do. __
do
do
do
do
do
do
do __
Inventories, end of month:
Book value (unadjusted), total
_ do
Durable-goods industries, total
do
Primary metal
. do
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor
vehicles)
_
mil. ofdol._
Lumber and furniture
do
Stone, clay, and glass
_do
Other durable-goods industries
do
By stages of fabrication: t
Purchased materials
_
bil. of dol
Goods in process
do
Finished goods _
__
.
do
Nondurable-goods industries, total
mil. of doL.
Food and beverage
_
do
Tobacco
do
Textile
do
Paper
_ do
Chemical
do
Petroleum and coal
do
Rubber
.
.
___do
Other nondurable-goods industries
. do
By stages of fabrication:*
Purchased materials
bil of dol
Goods in process
do
Finished goods
_
_ do
Inventories, end of month:
Book value (seas adj ) total
mil of dol
Durable-goods industries, total
. _ do _
Primary metal
do
Fabricated metal.
_._do
Machinery (including electrical)
- do _
Transportation equipment (including motor
vehicles)
__ mil. of doL.
Lumber and furniture .
_
__do. _ _
Stone, clay, and glass
do
Other durable-goods industries
-_.do_
By stages of fabrication:!
Purchased materials. __
__ _ bil. of dol _.
Goods in process
do
Finished goods...
_ do_
Nondurable-goods industries, totaL . mil. of doL_
Food and beverage
do
Tobacco
do
Textile
do
Paper
do
Chemical
do
Petroleum and coal
__ _
do
Rubber
do
Other nondurable-goods industries
. do. _
By stages of fabrication :%
Purchased materials
bil. of dol_.
Goods in process
do
Finished goods
do
' Revised.
JData beginning January 1953 appear on p. 20 of the September 1957 SURVEY.
r 3r 463
854
r
659
r
1 055
3 480
791
541
916
13 693
4r 258
358
1 085
13 208
4 154
359
961
802
1, 710
2 936
T
r
r 871
r
1 856
r 2 744
414
r 2 107
1 868
27 221
r 13 548
26 684
13 076
2 069
1 389
3 993
r 2 156
r
1 429
r 4 175
r
3, 255
r 850
T
659
r 1 024
'r 13t 673
4 257
r 351
r
1 025
r 862
r 1 941
r 2 717
r 431
3, 134
867
636
988
13, 608
4 312
370
1 008
853
1 873
2 694
'S, 006
1, 794
rr 1, 210
2, 436
7,949
1,831
1,261
2,469
'8.7
13 0
9.6
86
12 8
9.8
r
'r22 440 22, 517
4,920
5, 026
r
1 965
1 987
T
2
562
2 581
r
1 439
1, 403
r 3 720
3 869
r
3,613
3, 730
1,079
r
2 996
2, 955
r
90
2.9
10 5
91
2 9
10 5
r 53 871
r
31,511
r
4 279
r
3, 095
r
10, 517
53 573
31 222
4 255
3,078
10, 386
r
r
r
7, 976
1, 845
r i 274
T
2, 525
r
S. 6
13 1
9.8
r
22, 360
4 732
1 965
2 628
1,417
3 763
3,657
1 101
r
3 097
r
89
30
10^4
7,864
1 844
1 274
2 521
8 4
12 8
10 0
22,351
4 697
1 949
2 632
3,439
3,826
3,613
3 094
87
31
10'.5
January
SURVEY OF CURRENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
S-5
1958
1957
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
New orders, net (unadjusted) , total
_ mil. of dol_
Durable-goods industries, total§
do
Primary metal
do .
Fabricated metal
do
Machinery (including electrical) § _ _
do
Transportation equipment (including motor vehicles)
mil. ofdol
Other durable-goods industries
do
28, 839
15 068
28, 765
14 374
27, 540
13 712
29, 291
14 611
4,304
1,458
1 424
4,210
1 461
4,188
4,575
2,279
3,452
2,835
2,957
2,611
2,845
do
do_ _
do
13, 771
3,108
10, 663
14, 391
3,126
11, 265
13, 828
3,166
10 662
14, 680
New orders, net (seas, adjusted), total§__
__ do
Durable-goods industries, total §
do
Primary metal
_
do
Fabricated metal
do
Machinery (including electrical) §
do
Transportation equipment (including motor vehicles)
_
mil. of dol
Other durable-goods industries
___do
29, 005
14 543
28, 927
14, 176
28, 647
14 102
28, 066
13 853
Nondurable-goods industries, total
Industries with unfilled orders 9 __
Industries without unfilled order sf
Nondurable-goods industries, total
Industries with unfilled orders $
Industries without unfilled orders^
do
do.
do
Unfilled orders, end of month (unadj.), total
do
Durable-goods industries, total
do
Primary metal
_
do_ _
Fabricated metal
do
Machinery (including electrical)
do
Transportation equipment (including motor vehicles)
mil. of dol
Other industries, including ordnance
do. __
2,452
2,372
2,453
2,345
1,468
2,495
2,403
1 554
1 979
1 776
2,698
2 554
2,891
2,646
2,670
13 837
2 789
11 048
14 687
3 070
11 617
14 324
3 057
11 267
14 942
3 203
11 739
26 226 r 26 102
12 154 r 12 434
1 686
2 051
1 243
1 459
3 724
3 943
25, 196
11 588
1,542
1 115
3.345
2,436
3,116
2,318
13 668
r
2, 993
r 10 675
13, 608
4,450
27 538
13 716
2 217
1 427
4 512
26 155
12 318
1 938
1 522
3 904
27 568
12 881
2 063
1 468
3 905
3,181
2,936
3,181
2,609
2,951
2 256
14, 379
3,284
11 396
2,330
2,719
2,743
26, 056
12 385
1, 758
1 144
3, 431
25, 344
12 211
1,594
1 093
26 730
11 788
2 027
1 517
3 798
28 328
13 949
2 251
1 638
4,136
1 538
r
r
26 371
12 047
2 039
1 571
3 812
27 673
13 349
2 103
1 500
4 091
2,597
r
r
r
r
3, 616
' 2, 436
r
3,653
3,924
1,947
13, 133
14, 324
3,341
10 983
11 146
13 822
3,148
10 674
27, 940
13 234
2 197
1 500
3 850
28, 433
14 115
2,136
1 689
4,321
27 055
13 249
2 306
1 486
4 103
27 276
13 005
2 241
1 522
4 065
27 325
13 160
2 078
1 372
4 124
26 565
12 519
2 202
1 4%
3 952
3,198
2,771
2,544
2 396
2 781
2 884
2 702
2 300
2 569
2 079
14 318
3,191
11 127
13 806
14 271
2 936
11 335
14 165
2 924
11 241
14 046
3 088
10 958
14 072
2 993
11 079
60, 329
57 164
6,330
4,283
57, 793
54 796
6 001
4 150
19 400
55, 993
53 179
5 840
4 090
18 919
53, 191 ' 51, 977 50, 967
48 454
50 581 r r49 339
4,832
5 531
5 187
3,919 r ' 3, 630 3,426
17, 212
17 731
18 311
3,233
13 671
r
3, 053
r
10 618
2,726
10 407
1 488
4,127
4,246
4,268
4,205
3,843
3,282
2,835
3,099
2,778
3,236
2,684
2,968
14, 751
3,158
11, 593
14, 545
3,231
11, 314
14, 213
3,188
11, 025
14 706
64, 210
61, 015
7,144
64, 047
61, 026
63, 194
60, 341
7,149
61, 857
58 922
6,771
61, 069
58 038
20, 083
20, 213
63, 718
60, 763
7,144
4,510
20, 230
20, 195
19, 931
19, 642
19, 695
59, 288
56 146
6 200
4,314
19 629
24, 584
24, 425
23, 915
23, 506
4,994
22, 953
4,912
22, 638
22, 060
21, 123
4,880
20 421
4 824
19 650
18 423
4,397
r
18, 576
4, 265
19, 020
2,713
14, 462
3,378
11, 084
4,526
4,678
7,023
4,487
4,878
4,964
1 398
4,497
2,719
3,554
11 152
4,355
6,597
4,408
4,753
2,810
2,970
10 836
4,796
4,680
2,592
r
r
3,497
2,963
10 645
3,964
3,195
3,021
2,955
2,853
2,935
3,031
3,165
3 142
2 997
2 814
2 610
r 2 588
2,513
10, 788
13, 387
10, 791
12, 049
12, 312
12, 220
11, 269
11,686
11 361
10 526
11 251
9,270
10, 575
982
1,148
1,146
1,336
1,175
1,200
1,084
1,059
1,145
1 071
1,122
1,173
1,080
83
183
172
472
72
71
177
197
612
91
93
180
199
568
106
99
205
239
672
121
118
172
190
580
115
82
181
205
600
132
93
164
179
553
95
81
153
181
570
74
91
165
204
588
97
94
164
182
535
96
89
176
214
544
99
93
194
213
559
114
88
174
208
514
96
.thous. ofdol..
50, 279
54, 060
65, 406
55,833
57, 103
52,552
51, 454
44, 299
43, 514
45, 420
47, 428
52, 899
45, 325
__do__
do
do
do
. _.do
3,780
4,086
2,493
8,440
3,833
3,878
9,090
4,728
10, 820
14, 888
15 686
5,024
6,430
3,551
10 066
12, 966
17 715
7,156
7 629
14, 039
12 715
4 892
2 331
10 426
12 847
14 752
3 158
4 554
5 618
13 901
13 657
1 690
3 195
7 994
11 601
16 947
7 691
2
13
18
12
5
611
420
061
895
912
3 072
5 713
14 985
16 028
5 527
50.1
50.0
47.8
53 4
58 7
51 5
56 0
51. 9
Nondurable-goods industries, total 9
do
BUSINESS INCORPORATIONS^1
New incorporations (48 States)
number
INDUSTRIAL AND COMMERCIAL FAILUREScf
Failures, total
number..
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
_
Failure annual rate (seas . adj .) * No. per 10,000 concerns
8,149
21, 785
10, 946
5,619
10, 672
16, 105
17, 862
47.2
10, 424
17,760
5,335
33, 402
14, 780
6,291
17, 816
6,000
16, 286
15, 994
11, 855
48.0
51.1
54.9
48.2
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products
1910-14=100..
235
238
234
238
242
243
244
247
248
245
240
242
242
247
do
do
do
do_ __
do
237
263
262
185
234
238
237
256
187
236
234
236
255
181
235
237
252
252
181
235
242
294
258
180
233
244
315
266
179
225
241
283
270
173
218
239
288
273
170
218
233
248
278
169
217
228
221
279
163
217
224
221
273
156
219
224
241
263
152
221
218
240
239
152
221
225
334
232
146
217
do
do
__ do__
do
205
264
155
461
227
266
162
457
221
260
153
458
237
265
148
459
237
264
145
459
228
263
156
457
246
260
152
457
219
261
167
460
200
252
172
469
193
244
159
484
187
231
154
483
187
235
164
473
180
237
171
466
183
233
178
474
do
do
do
do
do
233
274
239
165
260
238
270
254
155
265
234
266
249
157
267
238
260
263
150
274
242
253
275
150
286
241
248
278
144
310
245
247
287
145
317
254
252
297
155
312
260
260
301
167
305
259
269
291
174
290
254
277
274
180
279
258
279
278
188
267
264
275
294
185
261
267
269
308
174
254
268
283
252
269
283
255
271
284
256
272
284
258
273
285
260
273
286
259
273
287
257
273
287
257
273
287
257
273
287
258
273
286
258
275
289
260
276
r 289
r 263
277
289
264
290
292
294
295
296
296
296
295
295
296
296
298
299
301
Crops
_
Commercial vegetables, fresh market
Cotton
_
Feed grains and hay
Food grains.
_
Fruit
Oil-bearing crops
Potatoes (incl. dry edible beans) __
Tobacco _
Livestock and products
Dairy products
Meat animals
Poultry and eggs
Wool
__
_
Prices paid:
All commodities and services
.
do__
Family living items
do
Production items
do
All commodities and services, interest, taxes, and
wage rates
1910-14=100..
82
82
80
Parity ratioe.
do
81
81
82
81
81
83
84
82
84
82
81
r
Revised.
§Corrections of March 1955 new orders figures in 1957 BUSINESS STATISTICS (mil.dol.): Unadjusted—total durable goods, 14,755; machinery, 4,093; seasonally adjustedtotal manufacturing, 26,810; total durable goods, 13,538; machinery, 3,885.
9 Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurablegoods industries are zero.
t^or these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
cfData are from Dun
& Bradstreet, Inc.
*New series; based on number of concerns listed in Dun & Bradstreet ReferenceBook. Data back to 1934 are available upon request.
© Ratio of prices received to prices
paid (including interest, taxes, and wage rates).
454098°—58
5
SUEVEY OF CUEKENT BUSINESS
S-6
1956
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of DecemBUSINESS STATISTICS
ber
February 1958
1957
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
COMMODITY PRICES—Continued
RETAIL PRICES
All commodities (U. S. Department of Commerce
index)
1935-39=100--
213.9
214.1
214.9
214.7
214.9
215.3
216.6
217.5
217.9
217.5
217.2
' 217. 4
Consumer price index (U. S. Department of Labor):
All items_. ..
1947-49=100--
118.0
118.2
118.7
118.9
119.3
119.6
120.2
120.8
121.0
121.1
121.1
121.6
do
do
do
do
do
107.0
112.9
111.3
117.4
98.0
106.4
112.8
111.2
116.9
99.0
106.1
113.6
111.1
116.5
101.4
106.8
113.2
110.7
116.1
100.6
106.5
113.8
110.5
118.7
102.0
106.5
114.6
110.0
122.5
103.7
106.6
116.2
110.0
126.8
106.9
106.5
117.4
110.5
126.9
109.5
106 6
117.9
111 5
121.3
111.9
107.3
117.0
113.1
114.8
110.3
107.7
116.4
114.2
114.5
106.3
107.9
116.0
114.5
114.6
104.6
107 6
116.1
114 6
113.9
106.0
do
do. _
do
do
123.5
112.0
104.1
134.2
123.8
112.3
104.0
134.2
124.5
112.4
105.0
134.2
124.9
112.4
104.9
134.4
125.2
112.4
105.1
134.5
125.3
112.3
104.2
134.7
125.5
112.3
104.6
135.0
125.5
112.3
104.1
135.2
125 7
113.3
103 9
135.4
126 3
113.7
104.8
135.7
126.6
113.8
104.8
136.0
126.8
114.3
104.5
136.3
127 0
114.3
104.9
136.7
do
- - do _ _
do. _ _
134.7
121.8
109.3
135.3
122.1
109.9
135.5
122.6
110.0
136.4
122.9
110.5
136.9
123.3
111.8
137.3
123.4
111.4
137.9
124.2
111.8
138.4
124.7
112.4
138.6
124 9
112.6
139.0
125. 1
113.3
139.7
126.2
113.4
HO. 3
126.7
114.4
140.8
127.0
114.6
do
do
do
133.1
123.3
174.1
133.6
123.8
174.9
134.4
124.5
175.8
135.1
125.2
175.8
135.5
125.5
176.8
135.3
125.4
176.8
135.3
125.4
176.8
135.8
125.6
180.2
135 9
125.6
180 6
135 9
125.5
181.1
135. 8
125. 4
181.6
140.0
129.7
182.8
138 9
128.6
182 4
-- do_ _ _
123.3
123.8
124.0
124.2
124.2
124.3
124.6
126.6
126.7
126.7
126.8
126.8
126 8
116.3
116.9
117.0
116.9
117.2
117.1
117.4
118.2
118.4
118.0
117.8
118.1
Apparel
Food 9
Dairy products
Fruits and vegetables
Meats poultry and
Housing 9
Gas and electricity
Housefurnishings
Rent
Medical care
Personal care
Reading and recreation
__
fish
_
-_
_
Transportation
Private
Public
Other goods and services
WHOLESALE PRICEScf
( U. S. Department of Labor indexes)
All commodities
1947-49=100-.
Economic sector:
Crude materials for further processing
do
Intermediate materials, supplies, etc
__ do _
Finished goods 0
do
217.7
1
T
121. 6
118. 5
118.7
r
96.4
125.4
119 9
97.5
125 3
120 3
96.6
124.2
116.2
97.4
124.8
116.7
96.7
125.1
117.0
96.7
124.9
116.9
97.1
125.0
117.4
96.5
124.7
117.4
98.8
124.5
117.6
99.7
125.2
118.5
99.6
125.5
118 6
97.0
125.4
118.8
95.3
125.2
119.0
95.3
125.3
119.6
do
do _ _
- do_
do
88.9
102.6
88.8
71.7
89.3
100.7
89.5
73.9
88.8
96.1
87.0
75.0
88.8
94.1
87.5
76.6
90.6
103.0
87.3
79.3
89.5
109.0
85.4
78.7
90.9
105.4
83.9
83.5
92.8
108.0
82.7
86.5
93.0
106.3
82.4
86.7
91.0
98.9
81.2
81.5
91.5
107.7
80.6
78.4
91.9
106.3
80.9
79.3
92 6
108.3
80.5
'82.6
93 6
121 6
79.1
86.5
do
do_ _
do
do
do
103.1
115.4
112.6
105.6
81.5
104.3
115.8
112.5
105.6
84.8
103.9
115.9
112.5
105.9
83.9
103.7
116.7
111.3
105.9
84.6
104.3
116.8
111.4
104.9
88.2
104.9
116.5
110.7
103.5
91.5
106.1
117.0
108.1
101.9
96.6
107.2
117.7
108.2
102.3
99.2
106.8
116.7
110.3
102.1
97.7
106.5
116.7
112.4
102.5
95.7
105.5
117. 3
113.7
103.6
91.6
106.5
117.6
114.5
103.8
93.6
107.4
118.3
114 7
104.6
95 5
108.8
118 0
114 1
105 0
100 5
124.7
125.2
125.5
125.4
125.4
125.2
125.2
125.7
126.0
126.0
125.8
125.9
'126.1
126.0
109.3
108.8
109.1
109.5
109.1
108.8
108.7
Chemicals and allied products 9
do_ __
122.9
124.0
123.6
123.2
123.6
123.5
123.5
Chemicals, industrial
do
93.2
93.4
93.4
93.3
93.1
92.6
93.5
Drugs and Pharmaceuticals
do _ _
60.2
59.2
57.9
58.2
61.0
58.0
58.7
Fats and oils inedible
-do
106.3
107.2
106.8
105.9
106.3
105.9
107.5
Fertilizer materials
do _
124.1
124.1
124.1
124.1
125.5
128.1
124.7
Prepared paint
do
117.2
119.2
116.4
118.5
119.6
119.5
116.3
Fuel power and lighting materials 9
do
124.1
123.3
123.3
124.0
123.6
123.2
124.0
Coal
_ .- do
94.3
94.9
94.3
94.9
96.6
94.9
95.5
Electricity
do
118.4
113.0
119.9
116.5
122.3
118. 4
111.8
Gas
do
128.4
130.4
126.4
130.7
124.9
129.8
131.0
Petroleum and products
do
121.6
121.9
121.9
122.4
121.7
121.9
121.5
Furniture, other household durables 9 do
105.2
105.4
106.5
104.9
105.1
106.8
106.8
Appliances household
do
122.4
122.2
122.4
122.4
122.0
122.0
122.8
Furniture, household
- -- do. _ _
91.5
91.1
91.1
91.1
92.5
91.1
91.1
Radio receivers and phonographs
do
69.5
70.8
69.5
69.9
69.5
69.9
69.7
Television receivers
_do
98.4
99.9
98.4
100.7
99.0
98.0
98.8
Hides, skins, and leather products 9
do
121.2
120.9
121.2
120.8
121.1
120.8
121.5
Footwear
- do
59.4
50.1
51.0
52.1
62.1
55.8
51.8
Hides and skins _
do
88.6
88.2
92.2
91.1
88.8
87.8
88.6
Leather
_ __
do_ __
120.1
120.2
121.3
119.3
119.7
119.7
120.7
Lumber and wood products
do
121.2
120.4
122.6
120.0
120.6
121.9
121.2
Lumber
do
145.2
144.8
143.9
145.1
144.5
145.8
145.0
Machinery and motive products 9
-- do. __
132.2
132.1
132.3
132.3
132.0
131.8
132.3
Agricultural machinery and equip
do
156.2
157.6
157.6
156.3
156.7
157.9
157.5
Construction machinery and equip
do
148.2
148.2
147.5
146.0
147.1
149.5
147.8
Electrical machinery and equipment
do. _ _
134.6
134.6
134.3
134.7
134.7
134.7
134.7
Motor vehicles
do
151.4
152.2
152.4
151.0
150.6
150.0
150.1
Metals and metal products 9
do
121.4
121.6
121.9
122.3
122.8
122.8
121.6
Heating equipment
_
do _ _
165.4
163.9
163.8
164.3
170.3
162.9
161.9
Iron and steel
do
145.4
143.2
134.1
138.1
139.9
148.7
142.5
Nonferrous metals
do
133.2
132.0
135.2
135.1
135.0
134.6
132.7
Nonmetallic minerals, structural 9
do
150.6
155.1
155.0
150.8
155.1
150.7
155.0
Clay products . _ _ _ _ _ _ _ _ _ _ _ d o _ _
126.4
125.6
125.7
125.6
126.7
126.7
126.6
Concrete products
do
127.1
127.1
127.1
127.1
127.1
127.1
127.1
Gypsum products
do _
128.5
128.6
129.5
128.9
128.9
128.7
128.6
Pulp, paper, and allied products
do
142.4
139.2
139.2
142.4
140.1
142.8
140.7
Paper
do
145.0
144.9
145.1
143.9
144.7
144.3
Rubber and products
do _
144.5
149.0
149.0
149.0
149.0
149.0
148.8
Tires and tubes
do
149.0
95.4
95.4
95.4
95.8
Textile products and apparel 9 _ _ _ _
do
95.5
95.7
95.3
Apparel.
_
do
99.6
99.6
99.5
99.5
99.5
99.6
99.7
Cotton products
do
90.5
91.9
91.1
92.3
90.6
90.7
90.8
123.2
121.5
122.4
123.0
Silk products..
_ _ __ __ do. _ _
124.7
122.8
124.8
81.9
82.1
Manmade fiber textile products
do
81.8
82.0
81.7
81.9
81.5
111.3
Wool products
._
do_ _ _
111.5
110.9
109.0
109.1
109.5
109.9
Tobacco mfs. and bottled beverages 9
do
127.7
124.1
124.5
124.1
124.0
124.7
124.5
119.6
Beverages, alcoholic _
do
119.6
119.6
119.0
119 0
119.0
119 6
Cigarettes
do
124 0
134 8
124 0
124 0
124 0
124 0
124 0
Miscellaneous
do
92 4
92 0
93 2
88 8
89 4
91 4
87 3
Toys, sporting goods
do
117.5
117.5
117.5
117.5
117.5
117.5
117.5
' Revised.
1 Index based on 1935-39=100 is 203.3.
9 Includes data not shown separately.
cf For actual wholesale prices of individual commodities, see respective commodities.
109.8
123.6
93.4
63.4
106.5
128.1
116.3
124.4
96.6
111.1
125.5
122.6
104.7
122.9
93.3
71.4
100.5
121.3
61.5
91.6
118.6
119.4
146.2
132.5
161.4
149.6
134.7
153.2
122.3
171.2
134.6
135.3
155. 0
126. 4
127.1
129.9
143.2
146.9
153.5
95.4
99.6
90.2
122.0
82.1
111.2
127.7
119.6
134 8
90 1
117.8
110.2
123.5
93.5
64.5
106.4
128.1
116.1
124.8
95.5
112.2
125.6
122.3
104.6
122.5
93.4
71.4
100.3
121.6
58.2
91.6
117.8
118.3
146. 9
133.4
162.7
150.8
134.8
152.2
122.3
170.2
131.7
135. 2
155.0
126.3
127.1
130.1
143.2
146.5
153 5
95.4
99.7
90.0
121.1
82.3
110.3
127.7
119.6
134 8
89 4
118.2
110.4
123.6
93.4
64.8
107.6
128.1
115.8
125.6
96.1
112.2
124.6
122.6
105.4
122.6
93.4
71.4
100.4
122. 4
56.8
91.2
117.3
117.5
147.7
136.2
164.9
150. 7
135.5
1.50.8
122.3
167.8
129.9
135.3
155.1
126.5
127.1
130.9
143.2
146.2
153 5
95.1
99.6
89.9
120.0
82 3
108.3
127. 7
119.6
134 8
87 7
117.9
110.3
123.6
93.4
65.2
107.7
128.1
115 7
125.8
96 1
116.0
123.5
122.7
105 1
122.8
93 4
71.4
100.3
122.6
53.8
91.2
116.9
117.1
149.2
137 4
165.2
150.9
138 7
150.4
122.1
166.5
130.8
135.4
155.1
126.7
127.1
130.9
143.3
144.7
153.5
95.0
99.6
89.8
119.6
82.3
107.4
127.8
119.8
134 8
86 8
117.9
'110 6
123.9
93.5
65.4
107 8
'128.4
' 116 2
126.3
96 1
'120.7
123 5
' 123 5
' 105 4
122.8
'93 3
71.4
'99.5
' 122.0
50.3
90.8
' 116 3
' 116. 4
' 149. 4
137 9
' 165. 3
150.8
' 139 1
' 150. 4
121.5
166 5
130.6
135.7
155.1
127.2
127.1
131.0
143 2
145.7
153 5
94.9
99.6
90 2
119.5
82 1
105.8
128.0
120 3
134 8
87 2
118.0
110 6
123.9
93 5
63 0
110 5
128.4
115 9
126 0
96 1
120 7
122 9
123 4
105 1
122 8
93 3
70-7
99.5
122.0
50.2
90 7
116 4
116.6
149 5
137 9
165.4
151 2
139 1
150.0
121 8
166 9
128.6
136 4
155 3
127.5
127 1
130.9
143 2
144 8
152 0
94 6
99.4
90 1
119.4
81 2
105.2
128.1
120 3
134 8
88 2
117.9
Farm products 9
Fruits and vegetables, fresh and dried
Grains
Livestock and live poultry
Foods, processed 9
Cereal and bakery products
Dairy products and ice cream
Fruits and vegetables canned and frozen
]VIeats poultry and
fish
Commodities other than farm prod, and foods__do
108.3
122.5
92.5
59.4
105.7
124.1
114.0
123.5
94.3
119.9
120.9
121.2
105.9
121.2
91.0
69.7
99.2
120.8
53.8
90.9
121.0
122.5
143.6
131.2
155.9
145.4
134.3
152.3
122. 1
163.3
149.6
131.3
150.5
125.3
127.1
128.0
139.2
147.9
153.4
95.6
99.7
92.7
122.8
80.5
107.7
123.6
118.1
124 0
91.7
116.9
r
©Goods to users, including raw foods and fuels.
SURVEY OF CURRENT BUSINESS
February 1958
1956
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of DecemBUSINESS STATISTICS
ber
S-7
1958
1957
January
February
March
April
May
June
July
DecemAugust SeptemOctober November
ber
ber
January
COMMODITY PRICES—Continued
PURCHASING POWER OP THE DOLLAR
As measured by—
Wholesale prices
Consumer prices
1947-49=100
do
86.0
84.7
85.5
84.6
85.5
84.2
85.5
84.1
85.3
83.8
85.4
83.6
85.2
83.2
84.6
82 8
84.5
82 6
84 7
82 6
84 9
82 6
84 7
82 2
'84 4
^82 2
*84 2
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION ACTIVITY
New construction (unadjusted), total
.mil. of dol_.
Private, total 9
do_.
Residential (nonfarm) 9
do
New dwelling units .
do
Additions and alterations
do
Nonresidential buildings, except farm and public
utility, total 9
...mil. of dol_.
Industrial
__ _
do
Commercial
do
Farm construction
__do
Public utility
do
3,544
3,198
3,007
3,295
3,657
4,025
4,308
4,361
4,561
4,569
4,495
4,112
3,667
3,285
2,654
2,324
2,226
2,405
2,603
2,808
2,971
3,046
3,124
3,100
3,059
2,942
2,705
2,361
1 362
1,045
277
1 137
885
214
1,043
790
217
1,162
870
258
1,301
940
327
1 3%
985
374
1,489
1,070
379
1,547
1,115
392
1,571
1,140
387
1,561
1,140
374
1 535
1,130
357
1,484
1,090
343
1 345
1,005
290
1,116
860
207
772
274
305
97
413
722
269
269
97
357
704
270
257
102
365
709
269
264
112
409
713
271
263
126
448
747
270
287
146
501
786
270
309
159
518
778
262
311
169
535
805
266
319
173
556
802
260
322
159
560
806
256
332
133
570
802
251
332
114
528
764
248
305
100
483
704
240
267
101
428
do
890
874
781
890
1,054
1,217
1,337
1,315
1,437
1,469
1,436
1,170
962
924
do
do
do
do
324
98
239
229
339
93
225
217
302
80
195
204
345
84
230
231
375
89
330
260
383
103
445
286
406
110
520
301
389
117
505
304
414
138
550
335
416
134
580
339
406
132
575
323
364
107
410
289
342
88
275
257
341
80
250
253
do
3,904
3,922
3,861
3,912
3,906
3,905
3,900
3,833
3,942
3,977
4,064
4,043
4,051
4,039
do
2,799
2,736
2 740
2,752
2,754
2,751
2,742
2,739
2 787
2,790
2,833
2,843
2,854
2,779
Residential (nonfarm)
do
Nonresidential buildings, except farm and public
utility, total 9 ._
mil. ofdol-.
Industrial^
do
Commercial! _ _ _ _
do
Farm construction __ .
..
do
Public utility
do
1,460
1,411
1,391
1,383
1,361
1,321
1,324
1,349
1,377
1,388
1,414
1,434
1,444
1,382
764
269
305
129
435
749
264
292
129
435
748
270
283
131
456
763
274
292
132
459
771
277
295
133
472
783
278
304
133
497
779
273
303
133
489
751
265
293
133
492
767
266
297
133
493
757
257
298
133
495
761
251
308
133
510
758
246
306
134
503
755
243
303
133
508
727
235
285
135
522
Public, total 9
. . ,
do
Nonresidential buildings
_do
Military facilities!
do
Highway
_ -do
CONTRACT AWARDS
Construction contracts hi 48 States (F. W. Dodge
Corp.):f
Total valuation
mil of dol
Public ownership
....
do
Private ownership
do
Nonresidential buildings:
Floor area
thous. of sq. ft
Vfllllfltlnn
mil of do]
Residential buildings:
Floor area
thous of sq ft
Valuation
. _.
mil. ofdol
Public works:
Valuation ._
do _.
Utilities:
Valuation
do
1,105
365
111
369
1,186
375
115
441
1,121
347
105
406
1,160
366
104
434
1,152
381
98
407
1,154
372
105
401
1,158
380
99
406
1,094
356
104
366
1,155
372
117
374
1,187
379
111
392
1,231
388
111
429
1,200
377
103
427
1,197
385
100
423
1,260
379
99
490
2,057
878
1,180
2,300
892
1,407
2,161
838
1,323
3,078
1,018
2,060
2,776
880
1,896
3,400
1,279
2,120
2,901
1,002
1, 898
2,818
802
2,016
' 2, 550
816
r
1, 734
2,614
787
1,827
2,371
867
1,504
1,982
734
1,249
55, 735
756
63,288
914
60,836
820
76, 773
1,092
63,689
838
80, 194
1,120
71,642
961
68,569
1,008
64, Oil
'866
66, 362
910
61,260
878
51, 043
699
117, 373
1,287
116, 905
1,284
105, 189
1,151
106, 636
1,165
86, 424
930
67, 225
759
Public total
>
Nonresidential buildings
Military facilities
Highway.
Other types
.. ..
New construction (seasonally adjusted), total
Private total 9
Engineering construction:
Contract awards (ENR)§
mil ofdol
Highway concrete pavement contract awards :d"
Total _..
thous. of sq. yd. _
Airports
_
do
Roads
do
Streets and alleys
do
62,537
699
99,442
1,107
113, 369
1,232
278
535
188
343
1,664
1,436
7,163
1,499
3,990
1,674
7,229
1,489
4,425
1,316
73,260
817
82, 109
875
489
400
113
169
1,590
2 6, 501
405
2
3, 955
2
2, 141
r
r
3, 223
1,323
1,900
r
80, 844
1,186
r
r
120,206
1,297
106, 370
453
653
716
467
394
416
327
444
381
253
329
186
186
132
116
211
118
144
1,468
1,460
1,857
1,561
1,589
1,805
1,247
1,700
1,232
967
9,582
3,023
4,660
1,899
7,816
1,172
3,702
2,941
9,772
2,284
4,209
3,279
11, 086
1,917
6,151
3,017
8,896
845
4,581
3,471
5,292
336
2,497
2,459
4,844
282
1,791
2,771
6,668
749
3,143
2,775
3,950
65
2,355
1,530
' 1, 135
1,259
NEW DWELLING UNITS
(U. S. Department of Labor)
New permanent nonfarm dwelling units started:
Unadjusted:
87.0
63.6
78.0
91.9
93.7
63.0
'96.7
103.0
65.8
100.0
99.9
62.0
Total, privately and publicly owned.. .thousands. .
69.0
99.9
'88.4
91.4
96.9
62.9
90.2
79.3
60.1
75.7
63.1
96.8
93.9
94.5
60.8
Privately owned, total
do
64 2
44.6
51.5
60.9
55.8
'58.5
64.9
66.7
62.3
42.5
45.1
In metropolitan areas
do
44.1
41.8
62.1
64.7
1.7
2.3
6.1
7.7
.7
2.9
2.3
'8.3
3.2
5.4
2.7
Publicly owned
._
_
do.
4.8
1.2
6.0
Seasonally adjusted at annual rate:
933.0
1, 020. 0
962.0
994.0
935.0
962.0
970 0 1,030 0
995.0 1, 015. 0 1, 056. 0 1, 012. 0 ' 1, 020. 0 1, 010. 0
Privately owned, total J
_
do
Residential construction authorized, all permit-issuing
places:
3 48.1
72.8
51.6
58.2
••72.1
75.9
79.6
81.5
85.7
55.7
79.2
80.3
New dwelling units, total ..
_ __ thousands
54.4
347.5
80.4
72.7
50.8
55.0
'70.8
73.6
84.0
Privately financed, total
do
74.8
78.0
74.7
60.5
339.1
68.3
41.0
43.8
44.9
••58.3
61.5
67.0
60.5
63.0
Units in 1 family structures _
_
do
61 0
2.5
1.7
2.8
3.1
2.8
2.7
2.8
2.3
3.0
2.6
1.9
Units in 2 family structures
do
2.8
9.3
6.7
12.9
8.1
7.9
'9.9
9.9
10.4
10.3
7.7
Units in multifamily structures
do .
12.4
11.2
.1
.6
3.2
4.9
.8
4.4
2.3
1.1
1.3
Publicly financed, total
do
2.3
1.7
'1.3
'1 Revissd.
* Preliminary.
Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 44.1
(January); consumer prices, 49.2 (December).
2
3
Data include some contracts awarded in prior months but not reported.
Revisions for November 1956 jfor new dwelling units (thous.): Total, 62.1; privately financed—total, 61.4;
1-family structures, 52.6.
9 Includes data not shown separately.
!Data prior to December 1956 are available upon request.
fRevised series, reflecting nationwide coverage and new techniques for compiling data on residential buildings.
§Data for January, May, August, and October 1957 and January 1958 are for 5 weeks; other months, 4 weeks.
cTData for January, May, July, and October 1957 are for 5 weeks; other months, 4 weeks.
^Revisions for 1964 appear in the October 1957 issue of the SURVEY.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
February 1958
1958
1957
December
January
February
March
April
May
June
July
August
Septem- October Novem- December
ber
ber
January
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES
Department of Commerce composite
1947 49 — 100
Aberthaw (industrial building)
1914=100
American Appraisal Co., The:
Average, 30 cities
.
___ ._ 1913=100
Atlanta
do
New York _
__
do
San Francisco
do
St. Louis
_
do
Associated General Contractors (all types)
do
E. H. Boeckh and Associates :§
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U S avg 1926-29—100
Brick and steel
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do
Brick and steel
do
Brick and wood
do
Frame
do
Steel
do
Residences:
Brick
_
_ do
Frame
do
Engineering News-Record:*^1
Building
1947-49=100
Construction
_. _ ..
do__ _
Bu. of Public Roads — Highway construction:
Composite standard mile
1946=100
134
134
135
135
135
136
137
455
138
138
138
138
138
138
452
647
699
687
594
638
470
649
702
701
594
640
472
653
705
703
610
643
472
654
710
704
610
644
472
655
712
704
610
644
473
659
712
704
610
644
479
664
712
705
609
656
485
668
712
705
610
660
488
668
712
705
624
660
488
670
713
705
625
660
490
672
728
711
625
661
490
672
730
712
624
665
491
672
729
711
622
664
490
281 9
277.7
277 4
282.7
278.3
277.9
283 1
278.5
278 3
283 5
278.8
278 4
284.3
279.1
278.9
286.3
280.7
280.3
288.3
282.7
281.7
290 5
284.7
283 1
290 6
284.8
283 2
291 0
285.0
283 2
290 6
284.5
282.3
290 7
284.3
282. 1
291 1
284.4
282.3
290.2
289 6
276.5
275 5
276.4
291.3
290.3
277.4
275.4
276.8
291.8
291 3
278.1
275 3
278.4
292.4
291 6
278.2
275 4
278.7
293.5
292 3
278.7
275.9
279.1
295.9
294.4
280.2
277.4
280.4
297.8
296 4
281.6
278.7
282.6
300.1
300 2
283.3
280 0
287.9
300.1
300 2
283.3
280 2
287.9
300.7
300 8
283.5
279 8
288.5
300.3
300 3
282.3
278. 6
288.2
300.5
300 5
282.2
278.4
288.3
301. 0
300 8
282.3
278.5
288.4
277.8
270.6
278.3
270.7
278.6
270.8
278.7
270.9
279.3
271.3
280.8
272.6
282.2
273.9
283.5
275.1
283.6
275 2
283.6
275.0
r 282. 6
274.0
282.5
273.7
282.6
273 8
148.5
156.3
148.6
156.7
148.3
156.4
148. 3
156.6
148.8
158.0
149.1
159.2
149.8
159.9
152.9
163. 1
152.6
162.9
152.8
162.7
152 8
162.8
152.7
162.9
152.8
164.1
140.7
142.7
142.6
142 8
143 4
CONSTRUCTION MATERIALS
Output of selected construction materials, index:
Iron and steel products
1947-49= 100. _
Lumber and wood products
do
142.6
113.8
145.1
103.1
151.5
124.8
156.5
131.2
159, 145 ' 161, 491 -157, 422
430, 560 379, 822 349, 651
154, 288
286, 291
135.2
106.1
150.8
113.8
163.0
124.6
140.9
113.8
151.8
129.7
140.0
120.5
r
126.0
108. 1
147. 8
130.3
REAL ESTATE
Home mortgages insured or guaranteed by—
174, 236
Fed Hous Adm • Face amount
thous. of dol
471, 652
Vet Adm • Face amount
do
Federal Home Loan Banks, outstanding advances to
1,228
member institutions
_
_ mil. of dol _ _
New mortgage loans of all savings and loan associa710
tions, estimated total
mil of dol
By purpose of loan:
250
Home construction
do _.
320
Home purchase
;_do__ _
140
All other purposes
do
New nonfarm mortgages recorded ($20,000 and under),
estimated total
_ mil. of dol. _ 1,951
2,569
Nonfarm foreclosures
number
Fire losses
_
_ _ thous. of dol._ 96, 485
r
193, 575
555 076
163, 633 ' 191, 489
276, 147 268, 492
184, 794 * 173, 581
251 483 1294 506
232, 048 r231,192
279 693 213 029
248, 540
176 088
1,038
976
961
971
993
1,079
1,040
1,072
1,119
1, 131
1,143
1,265
714
709
842
899
968
925
969
1,001
891
980
768
734
245
326
143
243
318
149
298
366
179
317
391
191
360
412
197
319
415
190
318
462
190
331
470
200
292
423
176
341
443
196
250
358
160
248
324
162
1,942
2,771
115, 272
1,749
2,473
95, 569
1,937
2,921
104, 565
2,044
2,983
85, 994
2,144
2,894
79, 045
2,028
2,745
69, 710
2,211
2,839
77, 814
2,208
2,852
78, 364
2,026
2,979
72, 264
2,226
1,877
1,851
77, 753
75, 321
91, 519
211
208
167
197
172
41
412
DOMESTIC TRADE
ADVERTISING
Printers' Ink, advertising index, seas, adjusted:
Combined index
1947-49-100
Business papers
do _
Magazines
do
Newspapers
_
_ do _.
Outdoor . _
_ do __
Radio (network)
do
Television (network) J
1950-52=100
201
203
161
185
153
33
386
207
207
164
203
167
35
373
206
213
153
210
153
39
361
203
203
156
203
156
36
373
207
207
162
202
164
37
373
210
207
165
208
164
34
382
209
217
160
205
170
35
384
214
218
164
202
180
40
406
215
206
166
214
170
40
405
216
217
162
221
156
41
398
209
210
158
200
150
39
422
Tide advertising index unadjusted
1947-49—100
175. 1
169.6
190.7
215.2
230.7
233.1
205.2
170.2
173.6
213 5
238. 1
Television advertising:
Cost of facilities total
Automotive, including accessories
Drugs and toiletries
Foods soft drinks confectionery
Soaps, cleansers, etc
Smoking materials
All other
thous of dol
_ _ _ do
do
do
do
do
do
44, 762
4,775
12, 424
9,035
5,266
3,796
9,466
43,502
4,567
12, 624
9,648
5,470
3,592
7,601
39, 385
3,732
11, 182
8,891
5,139
3,321
7,121
43, 653
4,470
11, 984
9,295
5,583
3,789
8,532
41, 222
3,929
11, 125
8,761
5,825
3,810
7,772
43, 378
4,242
11,810
9,270
6,309
3,901
7,845
39, 517
3,864
11, 585
7,482
5,614
3,771
7,201
38, 760
3,711
11, 749
7,541
5,720
3,899
6,142
38, 849
3,774
11, 683
7,541
5,523
4,366
5,962
40, 926
4,667
11, 779
7,862
5,939
4,065
6,615
r 49, 268
4,904
55, 814
4,222
4,196
1,124
5,064
6,711
5,283
38, 354
1,997
3,747
1,198
3,521
5,978
1,478
54, 612
3,445
4,509
2,350
5,536
7,879
2,305
67, 898
4,904
5,607
3,557
6,002
8,883
3,117
81, 439
6,206
7,053
5,145
7,028
9,058
3,696
73, 441
5,544
6,840
4,453
6,332
7,681
3,054
61, 899
3,235
5,967
2,858
6,629
7,488
3,080
42, 969
884
3,888
1,417
5,836
6,594
2,623
45,501
4,403
3,457
1,748
5,560
5,410
2,318
3,166
2,106
4,278
876
1,704
17, 083
1,142
1,164
3,729
522
1,084
12, 795
2,840
1,556
4,480
978
1,578
17, 156
3,976
2,590
5,795
1,441
2,017
20, 008
5,246
4,126
6,147
1,526
1,923
24, 283
4,931
3,998
6,258
1,298
1,561
21, 490
3,972
2,138
5,855
1,244
1,722
17, 711
1,651
1,087
4,118
664
1,425
12, 782
1,146
1,412
4,319
484
1,551
13, 692
Magazine advertising:
Cost, total
Apparel and accessories
Automotive incl accessories
Building materials
Drugs and toiletries.. .
Foods, soft drinks, confectionery
Beer, wine, liquors
_
Household equipment and supplies
Household furnishings
Industrial materials
_ _ _ ._
Soaps, cleansers, etc
Smoking materials
All other
_ _
do
do
do
do
__do_ ._
do
do
do
do
. __do
do
do
do
r
9,331
5,850
••5, 034
'8,965
r
47 999
5, 873
13, 380
9, 064
5,635
4,805
r
9, 242
49 742
5,285
14, 536
9 524
5,771
4,732
9,894
68, 708
7,716
3,143
3,801
7,064
7,354
3,320
74, 298
6,096
3,584
3,230
8,401
8,282
4,057
77, 104
4,924
9 227
2,397
7,968
7,994
4,555
55 270
3,770
8 440
1,280
5,350
6,633
5,839
2,634
3,070
5,921
781
1,851
22, 054
4,000
4,456
5,708
1,084
2,035
23, 364
4,061
3,583
6,273
719
2,051
23, 353
2,382
1,591
592
375
2,071
16, 948
r 15, 184
r
r
4,815
4,025
4,768
5,376
3,861
3,444
5,431
5,489
3,890
4,971
3,810
4,483
5,466
Linage, total
thous. of lines..
r
Revised.
1 For Aug. 26-Sept. 30 (earlier figures cover month ending the 25th day; later figures on calendar-month basis).
§Copyrighted data; see last paragraph of headnote, p. S-l.
d"Data reported at the beginning of each month are shown here for the previous month.
J Revised beginning July 1955 to adjust for changing seasonal pattern. Revisions for July 1955-July 1956, respectively: 316; 320; 324; 321; 329; 329; 340; 352; 355; 364; 372; 376; 397.
673
729
730
621
667
493
152.5
164.2
SUEVEY OF CUEEENT BUSINESS
February 1058
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
S-9
1958
1957
January
February
March
April
May
July
June
DecemOctober NovemAugust September
ber
ber
January
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising:
Linage total (52 cities)
Classified
Displav- total
Automotive
Financial
General
Retail
-_
thous. of lines. - 243, 080
50, 337
do
210, 509
55, 141
207, 064
53, 264
249, 527
62, 923
245, 384
59, 081
265, 599
64, 494
240, 631
61, 194
204, 045
56, 490
216, 437
58, 103
241, 294
58, 999
259, 037
57, 457
249, 980
52, 316
239, 625
46, 007
192, 743
8,824
4,198
27, 690
152, 031
155, 368
12, 555
5,929
26, 355
110, 530
153,800
14, 365
3, 215
30, 009
106, 212
186, 603
14, 615
3,824
36, 150
132, 015
186, 303
16, 663
4,241
34, 802
130, 597
201, 105
18, 264
3,564
37, 609
141, 668
179, 436
16, 615
4,078
33, 432
125,311
147. 555
14,214
4, 509
24, 217
104, 614
158, 334
14, 522
2,754
24, 611
116,448
182, 295
13, 339
3, 442
33, 294
132, 220
201, 580
16, 188
4,233
38, 492
142, 667
197, 664
19, 476
3,723
32, 294
142, 171
193, 618
10, 584
4,004
26, 448
152, 582
do
do_ .
do
- do
do
--
PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services, total
_ _
bil. ofdolDurable goods, total 9
Automobiles and parts
Furniture and household equipment
Nondurable goods, total 9
-Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services, total 9
Household operation
Housing
Transportation
272.3
276.7
278 9
283.6
282.4
do .do
do
34.8
15 3
14.9
35.9
16 3
14.9
35 0
15 5
14 9
35.0
15 3
14 9
34.4
15 3
14.4
do __
do
_ _ do
do
135.3
22 2
82.1
83
137.3
21 9
83.7
8 5
139
22
85
8
1
0
0
7
142.5
23 1
86.6
8 7
140.8
22.3
86.0
8.6
do
do
do
do
102.2
15.8
33 5
7.8
103.4
16.0
33 9
7.8
104.9
16 2
34 3
7 9
106.1
16.4
34 7
7.9
107.2
16.7
35.2
7.9
RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total
mil. of doL.
Durable-goods stores 9
- do .
Automotive group
- __ _ do_
Motor-vehicle, other automotive dealers-do
Tire, battery, accessory dealers
do
Furniture and appliance group
Furniture, homefurnishings stores
HousehoM-appliance, radio stores
do
do._
do
Lumber building, hardware group
Lumber, building-materials dealers
Hardware stores
do
_--do_ _
do
Nondurable -goods stores 9
Apparel group
-Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
- do
do
do
do
do
do
19, 380
14, 740
14, 058
15, 788
16, 442
17, 205
17, 114
16, 864
17, 490
16, 373
16, 949
' 17, 133
6,172
3,122
2,901
221
4,972
2,996
2,858
139
4,914
2,948
2,809
139
5, 546
3, 317
3,154
163
5, 765
3,391
3,208
183
6,190
3,550
3, 353
197
6,288
3,609
3,399
210
6, 058
3,418
3, 175
242
5,995
3,352
3,126
226
5,615
3, 078
2,894
184
5, 605
2, 945
2, 753
192
5,514
2,977
2,790
188
1,194
714
480
776
478
297
754
477
277
806
517
289
809
509
300
873
550
323
916
550
366
863
523
340
912
577
334
853
533
319
919
576
342
962
614
348
861
547
314
659
476
183
629
455
174
758
551
208
856
634
221
993
740
253
979
731
248
1,008
770
238
1,032
798
234
977
752
225
1,035
795
240
903
674
229
13, 208
1,694
421
654
387
232
9, 769
785
181
310
161
133
9,144
694
147
283
146
118
10, 243
832
154
347
181
150
10, 678
1,131
200
463
248
220
11,015
998
192
422
207
177
10, 826
994
218
381
210
185
10, 806
855
175
338
187
156
11, 495
967
177
390
222
178
10, 757
1,010
183
398
239
189
11, 345
1,083
216
434
258
175
>• 11,619
r 1, 140
235
448
'281
175
r
19, 853
i 15, 515
5,999
' 3, 009
2,780
229
12,786
T
1, 144
696
447
!803
858
575
283
13, 854
1, 790
409
701
445
234
r
'866
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
do
do
do
do
_. do -
632
1,201
4,052
3,572
1,182
488
1,096
3,690
3, 281
1,137
467
1,055
3,480
3,086
1,067
500
1,140
3,915
3,499
1,181
502
1,153
3,770
3,345
1,216
520
1,253
4,043
3,613
1,293
511
1,289
3,977
3,531
1,321
513
1, 384
4,029
3,573
1,383
528
1,420
4,353
3,876
1,374
515
1,291
3,937
3,482
1,262
559
1, 263
4,102
3,647
1,287
532
1, 205
4,233
3,769
1,262
'690
1512
*T 1,247 i 1, 171
4, 258
i 4, 195
'T 3, 742 '1 3, 712
1, 286
1, 233
General-merchandise group
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Other general-merchandise stores
Liquor stores
do ___
_ _ do _ _
do
do
do
do
3,033
1,626
189
616
601
539
1,328
720
97
198
314
301
1,276
672
94
213
296
288
1,493
811
100
240
342
325
1,705
(2)
110
289
(2)
309
1, 723
(2)
121
273
(2)
335
1,680
(2)
105
276
(2)
330
1,540
(2)
104
264
(2)
346
1,774
(2)
125
294
(2)
370
1,696
(2)
117
272
1,838
(2)
138
288
2,008
(2)
159
310
r
335
350
do .
16, 340
16, 295
16, 356
16, 298
16, 437
16, 644
16, 783
17, 034
17, 030
16, 919
16, 714
Durable-goods stores 9
-- - -- do _ _
Automotive group
do
Motor- vehicle, other automotive dealers-do
Tire battery accessory dealers
do
5,814
3,285
3,104
181
5,706
3,324
3,151
173
5,747
3,264
3,081
183
5,685
3,165
2,976
189
5,631
3,194
3,012
182
5,776
3,265
3,075
190
5,806
3,246
3,051
196
5,839
3,304
3,085
218
5,740
3,245
3,037
208
5,722
3,190
2,995
194
5, 612
3,180
3,002
178
5,606
3,159
2,975
184
do
do
do
932
575
356
856
541
314
899
578
321
905
578
327
880
545
336
862
520
342
919
551
367
877
536
341
897
564
334
902
574
327
838
520
318
870
546
324
895
561
334
do
do
_ _ do
869
630
240
848
608
240
866
622
245
876
630
246
849
624
224
905
674
231
901
656
244
914
689
225
915
687
229
918
691
227
905
691
215
874
664
211
877
611
216
do
do
do
do
do
do
10, 526
991
209
396
218
169
10, 588
980
217
376
212
174
10, 608
992
210
383
222
178
10, 614
956
192
384
212
168
10, 806
1,020
200
405
235
181
10, 867
990
198
403
224
165
10, 977
995
204
398
225
168
11, 195
1,038
218
412
231
176
11, 290
1,092
220
443
241
188
11, 197
1,050
215
430
232
173
11, 102
1,029
216
415
228
170
r 10, 956
r 1, 007
192
407
••237
170
do
do
do
_ _ - do __
do
497
1,194
3,826
3,396
1,164
484
1,182
3,825
3,392
1,213
492
1,219
3,821
3,385
1,220
511
1,216
3,817
3,397
1,246
519
1,218
3,925
3,490
1,259
526
1,242
3,931
3,512
1,269
518
1,245
3,986
3,542
1,264
524
1,257
4,027
3,566
1,281
534
1,278
4,057
3,598
1,272
543
1,235
4,112
3,643
1, 255
571
1, 215
4,109
3,651
1, 250
551
1,233
4,028
3,586
1,254
546
1, 235
4,135
3,671
1,260
do
do
do
do
do
do
1,738
954
122
289
372
338
1,722
936
118
281
387
331
1,718
922
114
289
393
340
1,741
954
114
286
387
344
1,717
(2)
119
290
(2)
343
1,759
(2)
130
295
(2)
353
1,771
(2)
121
292
(2)
356
1,861
(2)
132
305
(2)
362
1,861
(2)
130
302
1,803
1,706
(2)
124
293
(2)
352
1,704
1,801
(2)
(2)
Estimated sales (seasonally adjusted), total
Furniture and appliance group
Furniture homefurnishings stores
Household-appliance, radio stores
Lumber building, hardware group
Lumber building-materials dealers
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
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
__
General-merchandise group
Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Other general-merchandise stores
Liquor stores
r
1
Revised.
Advance estimate.
9 Includes data not shown separately.
2
Comparable data not available; series temporarily discontinued.
(2)
354
(2)
(2)
121
302
(2)
364
(2)
379
3, 095
(2)
209
606
(2)
545
1
1,357
' 16, 562 ' 16, 855 ' 16, 973
119
285
(2)
342
' 5, 588 15,620
3,087
2,899
188
' 11, 266 i 11, 353
1,087
214
432
260
180
130
300
(2)
361
SUEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
February
1957
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated inventories:
Unadjusted, total
Durable-goods stores
Nondurable-goods stores
22,400
9,940
12, 460
22,890
10, 380
12, 510
23,650
10, 800
12, 840
24, 340
11, 040
13, 300
24, 510
11,220
13, 290
24, 440
11, 170
13, 270
23, 840
10, 970
12,870
23, 660
10, 880
12, 780
24, 040
10, 970
13, 070
24,270
10,690
13, 580
24,500
10, 380
14, 120
>• 25, 280
' 11,060
14, 220
do
do
do
do
do
23,860
10, 700
4,020
2,020
2,220
24, 010
10, 770
4,110
2,020
2,220
23, 910
10, 850
4,380
1,980
2,130
23, 700
10, 670
4,350
1,930
2,080
23, 670
10, 590
4,290
1, 920
2,090
23, 950
10, 740
4,420
1,950
2,100
24,090
10,800
4,460
1, 970
2,100
24, 140
10, 850
4,440
1,960
2,130
24, 250
11, 040
4,620
1,990
2,090
24,360
11,120
4,690
1,950
2,100
24,220
10, 950
4,460
1,950
2,100
' 24, 330 24, 480
' 11, 210 11,420
4,770
'4,590
' 1, 990 1,980
2,210
' 2, 170
do do
do
do
13,160
2, 850
2,700
4,180
13, 240
2,840
2,760
4,150
13, 060
2,750
2,740
4,030
13, 030
2,680
2,700
4,060
13, 080
2,720
2, 730
4,030
13, 210
2,730
2,790
4, 060
13, 290
2,710
2, 810
4,140
13, 290
2,730
2,830
4, 140
13, 210
2,650
2,880
4,100
13,240
2,690
2,860
4,090
13, 270
2,700
2,840
4,180
r
mil ofdol
do
do
Seasonally adjusted, total
Durable-goods stores 9 Automotive group
Furniture and appliance group
Lumber, building, hardware group
Nondurable-goods stores 9
Apparel group . _ _ _
Food group
General-merchandise group
Pirms with 11 or more stores:
Estimated sales (unadjusted) , total 9
23,440
10,900
12, 540
13,060
13, 120
2,710
2,640
'r 2, 830 2,780
4, 150
4,180
4, 641
2,917
2,797
3,276
3, 412
3,551
3, 456
3,267
3,660
3.337
3, 597
3,798
4,713
Apparel group 9
- Men's and boys* wear stores
Women's apparel, accessory stores
Shoe stores
do
do
do-__
do
382
38
166
99
155
13
63
47
144
11
61
43
194
15
83
57
281
21
114
92
222
19
97
67
227
20
92
74
182
16
80
57
207
15
94
63
222
16
90
71
232
21
96
64
244
24
103
66
386
40
167
101
Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores
do
do
do
121
73
49
74
65
33
73
63
33
80
70
36
80
69
38
83
73
38
84
76
35
83
78
32
85
80
37
82
75
36
87
74
41
87
71
42
133
74
44
1, 910
1,075
805
491
765
449
922
563
1, 064
640
1,081
668
1,060
654
953
568
1,109
654
1,054
640
1,136
679
1,239
729
1,903
1,054
182
470
1,472
52
88
71
150
1,364
45
50
64
161
1,295
45
48
79
183
1,493
50
57
95
223
1,367
58
66
93
204
1,512
68
74
99
206
1,427
67
78
90
196
1,398
69
80
116
220
1,590
73
73
100
202
1,356
69
62
110
215
1,478
70
68
120
238
1, 579
58
67
184
467
1,518
50
93
_ do
3,425
3,371
3,360
3,416
3,427
3,493
3,509
3,582
3,631
3, 559
3, 458
3, 454
3,610
do
do
do
do
do
. d o
do
228
19
97
67
83
71
42
215
17
90
68
79
70
42
215
17
92
65
81
72
40
215
17
92
63
84
72
37
228
18
98
68
84
70
40
218
19
92
64
84
72
34
222
19
93
65
86
74
37
229
23
95
64
84
74
35
244
23
103
68
87
76
36
229
21
97
66
87
72
38
219
20
92
64
87
71
37
220
19
93
67
90
73
35
239
21
101
71
91
72
37
1,067
631
1,068
638
1,046
616
1,099
662
1,066
632
1,116
666
1,125
692
1,172
710
1,168
699
1,132
685
1,051
616
1,043
612
1,099
.645
99
219
1,409
65
65
100
216
1,400
58
65
98
221
1,405
59
64
103
222
1,399
59
66
98
221
1,420
58
67
101
224
1,440
63
69
100
218
1,432
62
70
106
230
1,453
62
72
114
230
1,492
61
68
107
225
1,472
62
68
100
218
1,472
59
67
100
216
1,471
58
68
104
228
1, 522
61
69
231
365
187
355
159
349
147
344
153
342
154
341
150
337
138
328
139
330
152
331
159
336
171
346
227
397
45
14
45
15
44
14
48
15
45
15
46
15
46
14
45
15
47
15
46
15
48
15
48
15
47
15
46
43
11
44
42
14
44
43
13
44
43
13
44
43
13
44
43
13
45
42
13
44
42
14
45
42
13
43
44
13
43
44
13
44
43
13
45
43
12
_ .do
General-merchandise group 9
-do_
Department stores©
_
do
Dry-goods, other general-merchandise stores®
mil. of doLVariety stores
do
Grocery stores
do
Lumber, building-materials dealers
do
Tire, battery, accessory stores
do
Estimated sales (seas, adj.), total 9
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places _
Furniture, homefurnishings stores
General-merchandise group 9
do
Department stores©
do
Dry-goods, other general-merchandise stores©
mil. of doL.
Varietv stores .
do
Grocery stores
_ __ . d o
Lumber, building-materials dealers
do
Tire, battery, accessory stores
do
Department stores:
Accounts receivable, end of month :cf
Charge accounts
1947-49=100-.Installment accounts
__. _ . . . d o
Ratio of collections to accounts receivable:
Charge accounts
_ _ . . percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales. _
_ _ do
Installment sales
.
do
.Sales, unadjusted, total U.Sf- --Atlanta
Boston
Chicago.
._
Cleveland
_
Dallas
Kansas City
- 1947-49=100..
do
do
do .
do
do
do
Minneapolis
_ _ _ _ _ _
New York
Philadelphia
Richmond
_
St. Louis
-_
San Francisco
Sales, seasonally adjusted, total U. Sf
Atlanta
Boston
Chicago
Cleveland
Dallas
Kansas City
_ _
_ _
do
do
do
do
do
do
r
240
102
104
114
131
132
131
111
127
139
134
'162
' 294
234
223
224
279
'251
128
95
95
98
124
102
136
97
97
101
126
106
151
99
109
105
138
118
165
121
124
126
148
134
165
123
126
122
156
139
153
122
126
120
153
137
145
, 90
104
107
151
128
161
102
124
123
158
141
165
122
136
134
157
149
167
117
127
125
158
142
193
144
••153
159
183
161
z>300
P232
P220
P233
P270
r>246
220
218
234
272
237
255
90
99
97
104
101
109
96
98
98
107
105
108
103
104
115
126
117
115
124
116
129
149
134
133
127
120
131
146
138
134
116
121
130
140
129
139
104
92
96
118
114
125
130
104
110
135
132
139
139
126
134
150
143
141
138
126
132
148
138
135
145
158
' 171
178
163
162
P221
?226
"236
?271
P23S
P247
r
do
137
133
136
137
131
135
138
138
144
136
129
do
do
do
do
do
do
'170
129
131
128
161
' 145
165
120
125
125
157
135
165
129
129
131
161
145
164
122
131
130
161
144
162
117
125
122
151
137
172
123
128
126
158
141
175
122
129
128
168
142
175
125
131
132
170
145
179
130
139
139
170
147
172
114
130
134
163
147
159
116
121
121
152
136
P241
133
' ?m
166
118
125
129
161
139
v 174
P128
v 129
P133
P 156
P142
* 102
P 132
126
129
123
126
123
131
132
Minneapolis
do
125
130
138
119
130
P 133
r
124
124
124
123
New York
_ _ do __
125
118
123
126
135
124
122
119
P128
129
132
139
133
133
130
Philadelphia
.
do .
131
130
138
129
128
128
^133
147
148
149
Richmond
do
149
141
147
152
148
152
144
158
142
P148
'141
139
137
136
137
133
St. Louis_
do
139
139
147
126
145
135
p 141
141
141
141
137
144
148
137
146
'144
141
San Francisco._ do
134
'139
P139
r
Revised.
p Preliminary.
9 Includes data not shown se parately.
©Revised beginning January 1956 to reflect chang c in previous class!fication o f certain £ tores to c Lepartmei it stores i n accordanee with 1954 Censs us of Bus mess; un published revisions
(January-May 1956) are available upon request,
cf Revisions for 1956 for accounts receivable (1947-49== 100):Chsirge accou nts— Febimary, 154 April, 148; July, 13 5; August , 137; Oct()ber, 158; installmerit account s— May, c 10; June, 311; July,
508; August, 309.
fRevised series. See corresponding note on r). S-ll.
February
SURVEY OF CURRENT BUSINESS
1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1957
1956
December
S-ll
January
February
May
April
March
1958
June
July
DecemOctober NovemAugust September
ber
ber
January
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Department stores— Continued
Stocks, total U. S., end of month:f
Unadjusted
Seasonally adjusted
...
1947-49=100
. do ..
137
151
135
150
Mail-order and store sales:
Montgomery Ward & Co
Sears, Roebuck & Co
_. .
thous. of dol_. 150, 615
..do
444. 955
63,367
246, 908
155
150
142
149
159
152
55, 515 1 70, 062 i 87, 374
223, 750 269, 815 307, 394
1
146
153
155
152
144
154
1
90, 288 i 82, 764 i 80, 002
338, 262 335, 812 308, 538
174
••154
172
155
160
154
150
153
p 136
p 150
1
90, 498 188,603 1 107, 707 i 109,470 1 149, 473
344,491 314, 876 329, 811 344, 687 441, 531
160,329
236,560
WHOLESALE TRADE %
Sales, estimated (unadj.), total
Durable-goods establishments
Nondurable-goods establishments
bil. of dol
do
do
Inventories, estimated (unadj.), total
Durable-goods establishments
Nondurable-goods establishments
__do
do
. do
11.4
4.2
7.2
11.4
4.3
7.1
10.4
4.0
6.4
11.1
4.3
6.9
11.3
4.3
6.9
11.6
4.4
7.2
11 0
4.2
6 7
11 4
4.3
71
11 7
4.3
74
11.2
4.2
70
12 3
4.5
78
11.1
3.9
7.1
10.7
3.7
7 0
12.9
6.3
6.6
12.9
6.4
6.5
12.8
6.5
6.3
13.0
6.7
6.2
12.8
6.7
6.1
12.6
6.7
5.9
12.5
6.7
5.8
12.5
6.6
5.9
12.7
6.6
6.1
12.8
6.7
6.1
12.9
6.6
6.3
13.0
6.6
6.4
12.5
6.4
6.1
171,229
171, 510
171, 790
172,069
172, 327
172, 554
172, 790
120, 842
121, 221
121, 32o
EMPLOYMENT AND POPULATION
POPULATION
Population, continental United States:
Total, incl. Armed Forces overseas
thousands. _ 169, 541
EMPLOYMENT
Noninstitutional population, estimated number 14
years of age and over, total
thousands. _ 119, 481
Not in labor force®
.
170, 045
170, 270
170, 510
170, 737
120, 199
119, 614
119, 745
119. 899
120, 057
2
2
69, 128
2
2
. do _
do
do
do
do
67, 029 22 65, 821 2 66, 311
64 550 262 578 263 190
4, 935 2 5 195
5,110
59, 440 2 257, 643 2 257, 996
3 121
3 244
2,479
2
2
.do
49,626
Total labor force, including Armed Forces© _._do
Civilian labor force, total
Employed
Agricultural employment
N onagr icultur al employment
Unemployed
169, 800
Employees in nonagricultural establishments:
Total, unadjusted (U. S. Dept. of Labor)
Manufacturing
__
Durable-goods industries
Nondurable-goods industries
do
do _
do
do ..
69, 855
2
68, 638
50, 973
2
50, 617
69, 562
2
50, 337
2
120, 383
120, 579
120, 713
2
72, 661
2
73, 051
2
69 842
66 504
2
7 534
2
58, 970
2
3 337
2
2
70, 228
67 221
2 7? 772
2
59, 449
2
3, 007
2
2
49, 485 247 722
2
2
69, 771 2 70, 714
66, 746 22 66, 951
261
63 865 64
2
5 434 2 5, 755
2
2
58,
506
58,
431
2
2 882 2 2, 690
50, 286
2
2
67, 893
65 178
2
6, 659
2
58, 519
2
2, 715
2
170, 981
2
2
47, 528
120,983
2
121, 109
70, 790
2
2
68, 061
64 873
2
5, 817
2
59, 057
2
3, 188
2
2
2
2
71, 299
2
68, 994 2 68 225 2 68, 513
66 385 2 265 674 2 266 005
2
6, 823
6, 837
6 518
2
59, 562 2 259, 156 2 259, 168
2
2, 508
2, 609
2 552
71, 833 2 71, 044
48, 880
2
49 797 2 49, 684
53,639
17, 159
10 071
7,088
51, 716
16, 959
9 990
6,969
51, 704
16, 945
9 992
6,953
51, 919
16, 933
9 976
6,957
52, 270
16, 822
9,927
6,895
52, 482
16, 762
9,895
6,867
52, 881
16, 852
9 913
6,939
52, 605
16, 710
9,756
6,954
52, 891
16, 955
9,802
7,153
53,152
16, 905
9 710
7,195
50, 318
70, 458
69, 379
67, 770
64 396
2
5, 385
2
59, 012
2
3, 374
66, 732
62 238
4,998
57,240
4,494
2
51, 947
50, 763
53,043 'r 52, 789 ' 53, 025 P 50, 965
16, 573 «• 16, 325 p 15, 880
16, 783
9 687 r$ 584 rr 9, 414 P 9 113
6, 911 p 6, 767
' 6, 989
7,096
Mining, total
__do
Metal
do
Anthracite..
_
_ _ _ d o _ __
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands __
Nonmetallic mining and quarrying
do
Contract construction .
_ do..
837
111
32
242
832
110
31
242
833
110
31
243
831
110
30
240
833
111
29
239
835
112
27
239
858
112
31
242
857
113
31
231
862
112
27
238
853
110
28
237
837
106
27
237
829
105
24
236
••826
336
116
2,997
337
112
2,667
339
110
2,673
339
112
2,756
340
115
2,906
340
118
3,082
355
119
3,232
362
119
3,275
363
121
3,305
356
121
3,285
347
120
3,224
346
119
3,059
345
116
2, 838
p 112
P 2, 570
Transportation and public utilities 9
Interstate railroads
Local railways and bus lines
Trucking and warehousing
Telephone
Telegraph
__
Gas and electric utilities
do
. do _
do. _
do _
do
.. - do.. _
do
4,194
1,173
109
843
759
42
571
4,126
1,139
108
817
757
41
570
4,120
1,133
109
819
761
42
570
4,147
1,132
109
820
764
42
571
4,153
1,136
108
821
766
42
573
4,156
1,137
108
821
767
42
573
4,181
1, 145
108
829
770
42
582
4,199
1,140
108
833
782
42
590
4,215
1,149
108
838
782
42
590
4,206
1, 137
108
854
772
41
584
4,159
1,115
107
855
767
41
578
4, 123
1,082
4,100
1,065
P4.002
_ do_.
do
_ do ...
do
do_
do
12, 260
3,149
9,111
1, 970
1.612
817
11,298
3,106
8,192
1,388
1,575
794
11, 225
3,114
8,111
1,333
1,587
793
11, 265
3,117
8,148
1,343
1,591
796
11, 428
3,114
8,314
1,402
1,603
796
11,411
3,113
8,298
1,382
1,601
798
11, 505
3 140
8,365
1 380
1,607
804
11, 493
3,166
8,327
1,347
1,606
807
11, 499
3,179
8,320
1,352
1,600
805
11, 620
3 180
8,440
1 419
1,614
801
11, 664
3 200
8,464
1 447
1,622
802
12 354
3 209
9 145
r
1 899
r
1 666
'823
p 11 497
P 3 166
p 8 331
p 1 388
p 1 634
p 798
Finance, insurance, and real estate
do
Service and miscellaneous 9 _ _ _ _ _ _ _ _ __do_ _
Hotels and lodging places
do _
Laundries
do
Cleaning and dyeing plants _ _ _ _ _ _
_ do _ _ _
Government
do_ _
2,308
6,295
482
330
163
7,589
2,293
6,239
474
330
161
7,302
2,301
6,273
481
328
159
7,334
2,310
6,317
482
328
160
7,360
2,320
6,432
499
329
164
7,376
2,329
6,520
513
334
168
7,387
2 359
6, 551
540
337
168
7,343
2,390
6,524
598
338
163
7,157
2 389
6,509
598
333
156
7,157
2 361
6, 541
527
330
161
7,381
2 356
6,547
r 2 348
6 474
P 2 338
P 6 400
r
P 7 465
52, 541
17, 106
10, 035
7,071
52, 493
17, 053
10, 006
7,047
52, 577
16, 995
9,980
7,015
52, 547
16, 962
9,945
7,017
52, 593
16, 965
9,928
7,037
52, 698
16, 946
9,915
7,031
833
3,074
4,169
11, 408
2,320
6, 359
7,272
832
2,963
4,188
11, 465
2, 316
6,366
7,310
833
3,020
4,168
11, 519
2, 324
6,401
7,317
831
3,062
4,168
11, 490
2,322
6,381
7,331
841
3,059
4,160
11, 501
2,320
6,400
7,347
843
3,097
4,159
11, 542
2,329
6,424
7, 358
Wholesale and retail trade
.
Wholesale trade
Retail trade 9
_
General-merchandise stores
Food and liquor stores
Automotive and accessories dealers
Total, seasonally adjusted, _
M anuf acturing
__
Durable-goods industries
Nondurable-goods industries
__do
__ do__ _
do
do
52, 773
16, 924
9 907
7 017
52, 815
16, 880
9 869
7 Oil
854
861
3,108
3,061
4 164
4 168
11, 579
11, 636
2,343
2,336
6,454
6,492
7.354
7.374
Net sales; not comparable with data through January 1957, which are gross. Comparable figure
Mining
__ __
_
Contract construction
Transportation and public utilities
Wholesale and retail trade
_
Finance, insurance, and real estate.
Service and miscellaneous
Government
__do
do
do
do_ .
do
do _
do _..
52, 844
16, 836
9 844
6 992
52, 662
16 681
9 700
6 981
853
849
3 032
3 028
4 184
4 175
11, 669
11 620
2,354
2 361
6 477
6 508
7.439
7.440
for January 1957
T
r
r
767
11, 840
3 210
8, 630
r
1 556
r
1, 650
r
r
r
r
r
810
T 2 355
T
6, 512
328
164
r
7,473
r
480
325
162
7, 498
»• 52,
16
r
9
T 6
r
218
463
536
927
837
825
3 013
4 148
11 590
2,368
6 482
7.427
2 956
r 4 113
r
11 567
r
2 367
r 6 512
r 7. 415
p 813
p 104
p 231
106
847
764
40
578
105
855
40
578
488
52, 469
16, 604
9 649
6 955
104
26
235
r
r
470
323
159
7 760
51, 930 P 51, 735
16 276 P 15 9739
T
9 38')
p 9 13
r 6 896
P 6 841
P 813
P 2 856
4
076
p
4
062
r
11 498 P U 667
r
2 360 P 2 362
r 6 539 P 6 531
' 7. 448 P 7. 471
2
See note marked
r 822
r 2 911
r
Revised.
p Preliminary. l
is $52,513,000.
"©" for this page.
t Revised series. Indexes have been revised beginning January 1949 to reflect adjustment to Census of Business benchmarks for 1954 and the up-dating of the seasonal and Easter corrections. Unpublished data (prior to November 1956) are available beginning January 1947 in the December 1957 Federal Reserve Bulletin, pp. 1340-52.
t See corresponding note on p. S-3.
©Estimates beginning January 1957 reflect certain changes in definitions for employment and unemployment as follows: Two small groups of persons formerly classified as employed are
now classified as unemployed (except for the subgroup "in school and waiting to start new jobs" which is now counted as not in the labor force). Estimates for December 1957 on the old basis,
comparable with data for December 1956, in order as shown above (thous.): 70,480, 67,792; 64,652;5,391; 59,262;3,140; 50,741. Data on the old basis for earlier months of 1957 are shown in previous issues of the SURVEY.
9 Includes data for industries not shown separately.
SURVEY OF CURRENT BUSINESS
S-12
1956
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December
February 1058
1957
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Production workers in manufacturing industries:
Total (U. S. Dept. of Labor)
_. -thousands. . 13, 350
Durable-goods industries
do_ . 7,827
83
Ordnance and accessories
do
Lumber and wood products (except furniture)
628
thousands. _
336
Sawmills and planing mills
do
320
Furniture and
fixtures
do
465
Stone, clay, and glass products
do
1,135
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
563
thousands. .
Primary smelting and refining of nonferrous
57
metals
thousands. .
Fabricated metal prod, (except ordnance, ma908
chinery, transportation equip.)
thousands. _
1,277
Machinery (except electrical)
do
900
Electrical machinery
do _ _
1,478
Transportation equipment 9
do
715
Automobiles
. do._ .
589
Aircraft and parts
do
12, 893 ' 12, 703 ' 12, 477 p 12, 048
7,389 ' 7, 305 ' 7, 152 p 6. 865
70
68
p66
'67
13, 150
7,740
81
13, 114
7,721
79
13, 085
7,693
79
12, 960
7,635
78
12,894
7,600
77
12, 955
7,603
76
12, 788
7,432
74
13, 024
7,476
75
12, 992
7, 397
73
594
323
312
453
1,133
589
319
313
449
1,124
593
319
312
451
1,112
612
329
312
455
1,101
638
338
308
456
1,093
659
346
311
459
1,093
645
343
309
443
1,075
645
346
317
459
1,077
631
339
319
461
1,061
623
331
317
456
1,049
559
559
554
549
546
547
543
541
534
523
'509
494
57
55
55
55
54
54
53
53
52
51
51
51
904
1,287
884
1,481
710
595
902
1,294
877
1,482
700
603
898
1,291
869
1,474
689
603
889
1,277
853
1,446
663
602
883
1,255
847
1,435
652
598
887
1,239
855
1,415
632
594
869
1,207
848
1,373
603
585
878
1,180
861
1,363
610
574
878
1,186
879
1, 278'
531
561
889
1,166
869
1,321
590
549
118
49
233
401
120
50
231
379
122
50
230
381
125
50
231
382
123
51
230
382
126
51
226
383
128
53
224
386
126
52
221
369
125
46
225
395
125
52
225
407
124
50
223
405
5, 523
1, 076
283
68
152
173
118
5,410
1,015
270
67
134
168
111
5,393
987
258
65
129
169
109
5,392
989
255
67
127
168
115
5,325
990
253
69
135
168
113
5,294
1,004
253
72
136
169
121
5,352
1,056
258
76
164
172
127
5,356
1,120
261
77
221
173
130
5,548
1,194
259
75
292
173
125
5, 595
1,218
263
70
313
172
125
5,504
1,143
264
67
229
172
122
93
948
421
195
88
935
418
189
84
933
415
190
77
929
410
193
74
919
407
192
73
911
402
193
73
913
401
197
71
895
396
191
90
911
400
197
98
912
399
197
94
906
397
195
86
893
391
192
'85
'884
392
184
p80
j»856
1, 093
472
234
1,076
468
232
1,095
466
232
1,098
467
231
1,069
467
231
1,039
465
230
1,045
469
233
1,024
459
227
1,084
465
229
1,084
469
229
1,075
470
229
' 1, 071
'469
'229
1,063
'466
229
p 1, 043
P455
566
547
214
174
133
216
87
338
220
557
549
214
172
133
216
87
336
221
555
548
212
173
132
213
87
340
222
559
550
211
173
132
211
87
341
223
559
549
208
173
133
191
71
334
219
555
544
207
174
133
204
85
325
214
556
535
206
175
133
197
78
333
219
552
529
203
175
133
200
84
332
219
553
530
201
175
133
204
84
341
222
563
533
200
175
133
206
84
336
218
567
532
197
173
131
210
84
334
215
566
'528
'197
'171
131
209
84
333
215
565
'525
197
'169
130
'207
84
'333
219
"558
P516
Production workers in manufacturing industries,
seasonally adjusted:
Total
thousands. . 13, 297
7,790
Durable-goods industries.
...do
5,507
Nondurable-goods industries
do
13, 238
7,753
5,485
13, 156
7,706
5,450
13, 109
7,662
5,447
13, 094
7,637
5,457
13, 073
7,621
5,452
13, 026
7,598
5,428
12, 969
7,548
5,421
12, 915
7,517
5,398
12, 775
7,388
5,387
106.3
107.0
106.0
106.4
105.8
106.0
104.8
105.9
104.2
105.7
104.7
105.3
103.4
104.9
105.3
104.4
105.0
103.3
104.2
102.8
2, 170. 1
211.4
2, 173. 3
211.6
2, 176. 4
212.0
2, 178. 5
211.9
2, 175. 8
211.4
2, 184. 4
215.2
2, 192. 0
216.0
2, 184. 7
214.3
2, 152. 7
210.6
2, 128. 9
210.2
1,029
1,020
1,021
1,024
1,038
1,043
1,041
1,040
1,028
1,007
'972
77.1
76.5
76.5
76.6
76.6
77.2
76.8
77.9
77.8
76.7
78.3
76.6
78.1
76.5
78.0
76.7
77.1
76.9
75.5
77.1
'72.8
'74.5
165.5
165.0
164.3
161.5
161.0
163.8
160.5
164.7
164.7
162.6
'160.9
' 157. 7
P 149. 5
40.2
2.5
40.9
2.7
42.0
40.1
2.5
40.8
2.6
41.6
39.8
2.3
40.5
2.4
41.4
39.7
2.2
40.3
2.3
40.7
40.0
2.4
40.5
2.4
40.7
39.7
2.4
40.0
2.3
40.0
40.0
2.4
40.3
2.4
40.1
39.9
2.5
40.2
2.5
40.1
39.5
2.3
39.8
2.3
39.9
39.3
2.3
39.7
'2.3
40.0
'39.4
2.0
'39.7
1.9
'40.6
P38.7
39.6
39.2
40.2
40.6
40.3
39.7
39.4
40.2
40.7
40.1
40.0
39.7
39.7
40.4
39.8
40.2
40.0
39.2
40.8
39.6
40.7
39.9
39.7
40.9
40.2
39.4
38.8
39.3
40.4
39.7
41.1
40.5
40.7
40.9
39.3
39.0
39.2
40.9
40.8
39.4
40.2
39.8
40.7
40.6
38.5
39.1
38.8
'39.7
40.1
' 38. 2
'39.0
38.6
'40.0
'39.8
'38.2
40.1
39.7
39.5
39.2
39.8
39.4
38.7
38.8
38.0
'37.7
37.4
Ship and boat building and repairs
do
Railroad equipment
- -.do. ..
Instruments and related products
do
Aliscellaneous mfg industries
do. _ _
Nondurable-goods industries
Food and kindred products 9
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
-
- _
do
do _ _
do
do _
do
do
do_ ..
Tobacco manufactures _ _ .
do
Textile-mill products 9
.
- -do -.
Broadwoven fabric mills
do
Knitting mills
do _
Apparel and other finished textile products
thousands- .
Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries
thousands- .
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
do Petroleum refining
-- do
Rubber products
do _.
Tires and inner tubes
do
Leather and leather products
do ..
Footwear (except rubber)
do
Production workers in manufacturing industries:
Indexes of employment:
Unadjusted
1947-49= 100_.
Seasonally adjusted
do
107.9
107.5
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United
States, continental
. thousands. .1 2, 456. 2
1 218. 5
TVrashington D C metropolitan area
do
Railway employees (class I railways):
Total
thousands. . 1,054
Indexes:
78.8
Unadjusted
1947-49=100..
80.5
'602
323
312
448
' 1, 029 '
'580
312
'306
'436
1, 006
P550
j»297
Mil
P958
'887
'870
P837
' 1, 141 f 1, 122 p 1, 112
'852
'826
P796
' 1, 350 ' 1, 351 p 1, 270
'650
668
'519
509
125
47
'222
'394
123
45
'219
'369
P212
P355
' 5, 398 ' 5, 325 p 5, 183
' 1, 073 ' 1, 030
'266
259
65
64
141
162
171
169
120
117
P167
P203
P329
12, 717 ' 12, 597 12, 425 p 12, 131
7,350 ' 7, 258 ' 7, 116 p 6, 879
5,367 ' 5, 339 ' 5, 309 P 5, 252
' 102. 7
'101.8
100.9
100.5
P97.4
P98.1
2, 121. 0 12,395.6
209.4 i 211. 5
P954
p915
P68.7
P68.1
PAYROLLS
Manufacturing production-worker payroll index, unadjusted (U S Dept of Labor)
1947-49=100--
171.4
LABOR CONDITIONS
Average weekly hours per worker (U. S. Dept. of
Labor) :
40.2
41.0
All manufactur ing industries
hours. _
2.6
3.1
Average overtime
do
41.9
40.9
Durable-goods industries _do ._
3.5
2.9
Average overtime
do
42.6
42.0
Ordnance and accessories
- do
Lumber and wood products (except furniture)
39.8
39.1
hours. .
39.5
38.7
Sawmills and planing mills
do
39.8
41.3
Furniture and
fixtures
do
41.2
40.3
Stone, clay, and glass products
do
41.2
41.0
Primary metal industries 9
do
Blast furnaces, steel works, and" rolling mills
40.9
40.9
hours. .
Primary smelting and refining of nonferrous
41.2
40.8
metals
hours
' Revised.
* Preliminary.
1 Includes Post OffLce emplo yees hired for
and about 279,400 in December 1957.
9 Includes data for industries not shown.
p39!o
pl.5
P40.8
P38.2
P39.0
P39.0
*37.8
41.0
40.3
40.9
40.7
40.5
40.7
40.8
40.4
'40.0
40.1
40.1
Chris trnas seas on; there were abo ut 284,40() (revised ) such eniployees in continental U. S in Deceinber 1956
SURVEY OF CURRENT BUSINESS
February 1958
1956
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-13
1958
1957
December
February
January
March
May
April
June
August
July
Septem- October November
ber
December
January
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Average weekly hours per worker, etc.— Continued
All manufacturing industries— Continued
Durable-goods industries— Continued
Fabricated metal prod, (except ordnance, machinery, transportation equipment)
hours. .
Machinery (except electrical)
do
Electrical machinery
._. . _ do
Transportation equipment 9
Automobiles
Aircraft and parts
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries
Average overtime
Food and kindred products 9 Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
_ _ _
Tobacco manufactures
Textile-mill products 9
Broadwoven fabric mills
Knitting mills
.
do
do ._
do
__-do _ _ _
do
42.1
42 6
41.2
40.8
41 9
40 4
41.0
41 9
40.6
41.0
41 8
40 5
40.9
41 4
40 3
40.9
41 1
40 1
41.2
41 1
40 3
40.7
40 7
39 7
41.0
40 5
40 2
41.4
40 7
40 2
40.7
40 2
39 4
43 6
41
41
42
40
40
41
41
42
40
40
41
40
42
40
40
40
39
42
40
40
39
39
40
40
39
40
39
40
40
39
39
38
40
40
40
40
40
40
40
39
39
39
40
39
10
39
39
40
39
38
45
42
40
40
0
9
3
4
7
3
6
2
3
5
2
3
0
4
1
3
2
0
6
6
4
0
2
5
9
1
6
3
9
1
6
6
4
8
5
5
4
5
0
2
0
4
2
6
7
3
2
4
1
5
i
1
0
7
40.5
39 7
39 5
r
40 7
42 1
r 40 0
r
r
40.2
40 3
39.6
p39. 4
P 39 9
p38 7
40
40
40
38
39
4
7
5
6
9
f 39 1
39 9
39 6
P 39 5
p 33 8
39 0
2 2
40 7
40 7
41 8
37 8
40 2
39 5
p 38. 4
P 1 9
p 39 9
r
38 7
r 38 9
39 4
37 *>
p 38 1
P 37 7
35.3
41 9
43 1
P35.3
P 41 4
38.6
41 3
41 0
r
40 7
41 0
r 40 i
39 6
r 37 5
36 9
P 37. 9
P 40 8
r
r
r
r
37 1
39 6
do
_ ...do
41 0
40 6
40 7
40 0
41 0
40 3
40 7
40 6
40 6
39 9
40 2
39 8
40 5
39 9
40 1
39 5
40 0
40 0
40 4
40 3
39 9
40 0
r 40 o
39 7
r
.__ - do
do
__-do
do
do
do _
do
do
39 7
2 6
40 9
41 3
42. 2
37 9
40 3
39 9
39
2
40
40
41
37
39
39
1
3
2
7
8
8
8
2
39.3
2 3
40 1
39 8
41.7
37 9
40 0
39 5
39
2
39
39
42
37
39
39
1
3
8
3
0
1
8
4
38
2
40
39
41
37
40
39
9
2
0
9
9
4
2
8
38
2
40
40
42
37
40
40
9
2
4
7
6
8
4
1
39
2
40
41
43
38
40
40
2
4
9
1
1
0
9
6
39
2
41
40
43
41
41
41
4
5
5
8
7
4
0
4
39
2
40
40
42
40
40
40
*)
5
9
2
3
7
6
7
39
2
41
41
42
41
39
2
40
40
41
38
40
39
0
4
2
7
6
2
0
4
r
r
_ _
39
40
40
37
38
39
39
36
8
1
7
8
38
39
39
37
37
38
39
37
9
9
0
2
36 8
38 6
38*8
37 0
39
38
38
36
1
4
6
8
38
38
38
37
6
9
9
3
39
38
38
37
6
6
8
2
38
39
39
37
4
1
3
9
39 8
39 1
39 4
38
39
39
37
3
1
5
8
do
do
. - do
do
Apparel and other finished textile prod
do
Paper and allied products _
do ._
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries
hours-_
Chemicals and allied products
_ . _ do_
Industrial organic chemicals
do
Products of petroleum and coal
do ___
Petroleum refining _
do
Rubber products
do
Tires and inner tubes..
do _.
Leather and leather products
do
Footwear (except rubber)
.do
Nonmanufacturing industries:
Mining:
Metal
do
Anthracite
do
Bituminous coal
do ...
Crude-petroleum and natural-gas production:
Petroleum and natural-gas production _ .hours __
Nonmetallic mining and quarrying
_ _ do
Contract construction
do
Nonbuildmg construction
_ _ _ d o __
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Retail trade (except eating and drinking places) 9
hours __
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers.
do
Service and miscellaneous:
Hotels, year-round
...
do
Laundries
_ do
Cleaning and dyeing plants
do
Industrial disputes (strikes and lock-outs) :
Beginning in month :
Work stoppages
_ _ _
number
Workers involved
thousands
In effect during month:
Work stoppages
number
Workers involved
thousands
Man-days idle during month
_ _ .do . _ _
U. S. Employment Service placement activities:
Nonagricultural placements
thousands. _
Unemployment compensation, State and UCFE programs (Bureau of Employment Security) :
Initial claims. _ .
thousands
Insured unemployment, weekly average . _ do-_.
Percent of covered employment*
8
2
9
§
5
2
1
3
6
6
2
1
2
0
Af\ q
40 1
07 Q
38 8
r
r2 4
40 4
T
r 41 I
41
37
40
r 39
T
4
2
0
i
r 37 5
r 38 6
r
39 0
r 37 3
36.3
43.0
44 2
35.9
42 3
43 9
36.5
42 3
43 7
36.5
42 3
43 5
35.7
42 1
43 4
35.8
42 0
43 3
35.8
42 2
43 1
36.1
42 3
43 4
36.8
42 5
43 3
36.7
42 9
35.9
42 4
43 4
39.1
41.6
41 3
41.0
41. 1
41 4
41.7
37 7
37.2
38.3
41.3
41 1
41.1
41 3
40 9
41.4
38 0
37.9
38.5
41.2
40 9
40.8
40 7
40 9
41.0
38 3
38.1
38.8
41 2
40 8
40 7
40 7
40 4
40 0
38 0
37 9
38.5
41 2
40 9
41.2
41 4
40 0
40 1
36 9
36 5
38.4
41 2
41 0
40 9
40 9
40 0
40 1
36 3
35 6
38.4
41 2
41 1
40 9
40 9
40 9
41 4
37 8
37 4
38.3
41 0
40 9
41 5
41 4
41 3
42 5
38 1
37 9
38.5
41 0
41 0
40 6
40 0
40 9
41 0
38 1
37 8
38.7
41 2
41 0
41 5
41 2
r
40 3
07 o
36 6
38.4
41 0
40 8
40.6
40 2
40 1
39. 1
36 8
36. 1
42 7
36.3
38.7
41 9
35.9
37.5
41 4
32.0
38.4
41 2
27.8
37.4
40 8
31.1
37.0
41 0
30.8
35 8
41 0
34.3
37.6
40 6
41 2
31 3
36 5
4.1 ^
35 3
36 9
39 8
31.5
36.4
r 39 4
r
28 9
r
33 5
40 6
36 3
41.5
43.6
36 8
39.2
36 3
41.6
42.0
34 7
37.2
34 1
40.6
43.1
36 9
39.6
36 3
40.5
43 4
36 7
39 4
36 0
40.3
43.3
36 8
39.1
36 2
40.4
44 3
37 2
39 8
36 4
41.2
45 0
37 8
40 7
36 9
41.2
44.9
37 9
41 8
36 8
40.5
45 6
38 3
42 1
37 2
41
45
37
40
36
8
0
7
8
8
40.5
44.7
37 5
40.6
36 6
r
40
T
42
r 34
r
36
r 34
8
6
9
6
4
41
42
35
38
34
5
5
5
2
9
43 4
39.3
41.6
41.2
43 0
38.7
41 7
40.9
42 7
39.0
41 8
40.8
42 9
38.7
41 9
40.8
43 0
38.7
41 4
40.9
43 7
39.0
42 5
40.7
44 1
39.2
42 2
40 9
43
39
42
41
43
38
41
41
43
38
41
40
5
8
9
9
43 0
39.2
41 5
41.0
r 42
40
41
41
9
0
0
0
43
38
40
41
1
4
9
2
40 7
40 2
40 2
40 1
40 0
40 1
40 2
40 4
40 4
40 4
40 2
40 0
40 5
38.6
36.2
37 0
43.8
38.2
34.6
36.8
43.8
38.2
34.3
36.7
43.9
38.0
34.1
36 6
43.8
38.0
34.4
36 7
43.8
38.0
34.0
36 7
44.0
38.2
34.4
37 1
43 9
38.6
34 6
37 9
43 9
38.7
34 9
37 7
43 9
38.1
34 2
36 7
43 8
37.6
33.7
36 1
43.6
r 3Q 0
37.5
33 7
38.3
36 1
36 0
43 9
40.7
40.1
39 1
40.4
39.8
38 7
40.3
39.8
38 2
40.6
39 9
38 7
40.2
40 0
40 2
40.4
40 3
40 3
40.2
40 4
40 0
40 3
39 8
38 1
40 6
39 4
37 6
40 1
39 6
39 2
40.0
39.4
38 9
r 38 0
114
29
225
60
225
60
250
80
400
150
475
190
400
140
400
160
350
140
300
270
300
100
150
325
P
240
53
472
325
80
550
350
130
825
375
120
775
525
190
650
260
600
220
525
315
500
185
1,850
1,850
625
260
2,500
575
220
1,380
1,600
1,670
1,350
50
100
700
P 20
P 40
P 400
410
433
387
425
480
534
528
533
536
561
540
406
360
1,229
1,285
3 2
1,565
1,737
4 4
1,002
1,730
4 3
897
1,099
1,475
3 6
1,001
1,350
3 3
881
1,251
30
1,267
1,285
842
1,592
4 0
1,151
3.1
2.8
1 032
1,167
2 8
1, 193
1,237
30
1 346
1 513
3 6
2 024
2 112
51
7
5
2
2
4
9
9
0
4*3 a
Af\ a
35.4
r 41 9
42 9
38.0
41 0
40 8
r
40 7
r 40 8
r 40 0
r 39 2
36 5
35 7
r
43 5
40 0
39 o
r
P 40 9
P 39 4
p 37 1
35 8
39 7
39 5
38 5
P 100
220
2 877
6 9
Benefit payments:
1,022
1,500
941
1,453
1,530
Beneficiaries, weekly average
. _-. do
975
1, 020
1, 199
1,061
1,311
1, 172
1 146
1 639
Amount of payments
thous. of doL. 104, 245 177, 598 164, 860 168, 841 154, 329 145, 657 123, 540 130, 130 121, 333 113,325 131, 832 136, 627 207, 110
Veterans' unemployment allowances:
Initial claims. _ __ .
thousands
21
31
23
21
23
18
20
16
24
16
18
21
28
49
35
45
Insured unemployment, weekly average . . do _ _
35
24
34
39
34
47
29
33
30
41
Beneficiaries, weekly average
do
62
62
53
43
40
41
40
51
39
28
40
32
46
Amount of payments.. _ .
... _ thous. of dol
3, 883
5,572
5,594
4,222
5,886
4,406
5,155
3,793
4,539
3, 013
3,710
3,104
4,574
r
Revised.
v Preliminary.
9 Includes data for industries not shown.
*New series. Expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data are available;
the lag for covered employment data may range from 6 to 8 months. Monthly data for January 1953-September 1956 are available upon request.
S-14
SUKVEY OF CTJRKENT BUSINESS
1956
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of DecemBUSINESS STATISTICS
ber
February 1958
1957
January
February
March
April
May
June
1958
July
DecemAugust SeptemOctober November
ber
ber
January
EMPLOYMENT AND POPULATION—Continued
LABOR CONDITIONS— Continued
Labor turnover in manufacturing establishments:
Accession rate
.monthly rate per 100 employees..
Reparation rate, total
.- - _ do ..
Discharge
do
Lay-off
_ _
do -.
Quit
do
AlilHary and miscellaneous
do -_
2.2
2.8
.2
1.4
1.0
.2
3.2
3.3
.2
1,5
1.3
.3
2.8
3.0
.2
1.4
1.2
.2
84.05
91 34
96.70
82.41
89 16
95.76
69.25
69.13
71.45
82.81
67.25
66. 95
68.46
81.41
100. 94
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
dollars- _ 107. 16
Primary smelting and refining of nonferrous
93.43
metals
dollars
Fabricated metal prod, (except ordnance, machinery, transportation equip.)
dollars. . 90.09
96.70
Alachinery (except electrical) .
do
84 46
Electrical machinery
do
101 27
99 14
98 65
97 91
108. 79
105. 06
104. 01
103. 89
94 76
93 43
93.61
94.02
86.90
95.11
82 82
87. 33
95.11
83 23
87.74
95.30
83.43
do
do
105. 95
112. 95
99.25
100. 36
98.36
99.29
\ircraft and parts
_ _ _ do
Ship and boat building and repairs
do
Railroad equipment _ _ _ _
. _ do
100. 39
94.71
98.58
99.26
93.67
98.74
84.87
72.67
2.8
2
1.4
1.3
.2
2.8
3.3
2
1.5
13
.2
3.0
3.4
3
1.5
14
.3
3.9
3.0
2
1.1
13
.2
3.2
31
2
13
14
2
3.2
4 0
3
16
19
3
3.3
4 4
2
1 98
2
2
2.9
4o
2
23
13
2
82.41
88.75
96.18
82.21
88 94
95.68
81.59
88 29
95.63
81.78
87 85
94.02
82.80
88 70
94.83
82 18
88 00
93 60
82 80
89 06
93 gs
82 99
89 24
95 04
82 56
88 7*>
94 96
68.51
68.21
69.55
81.61
70.27
69.74
69. 55
82.21
72.00
70.67
68.28
81.20
73.16
72.00
67.82
82.42
74.89
73.42
69.08
83.44
71.71
70.23
68 38
82.82
75.62
74,12
71 63
84! 25
71.76
72.13
72 'SQ
84.86
73. 97
72.44
72 04
84.85
97 42
99.70
100 44
99 89
101 26
9^ 18
102. 31
104. 67
107. 17
105. 65
107. 09
103. 74
94 89
95. 53
95 18
96 96
97 53
97 04
87.94
94.39
83.02
88.34
93.71
82 21
89.40
94.53
83.02
89.13
93 61
81 39
90.20
93 15
82 81
91.91
94 42
83 21
90.35
93 67
81 95
97.82
97.12
96.22
94.17
94.56
93.84
96.24
97.42
95. 20
94.71
97.69
98 80
97.66
99.43
97. 57
99 31
98.56
94.40
98.98
99.17
94.80
100.28
99.12
94.87
100. 44
94.60
96.32
98.55
95.00
96.15
99.10
94.94
97.20
100. 80
96 15
97.28
99 79
95.68
96.53
103. 86
95 84
95. 55
99 46
84.66
72.40
85.69
72.94
85. 47
73.49
85.26
72.22
84.42
72.04
85.46
71.82
84.61
71 50
84.00
72 00
86.46
72.94
73.84
77. 71
87.14
75. 54
61.02
73. 75
86.18
72.73
77.18
87.10
75.66
61.99
73. 23
84.67
73.10
77.39
85.57
75. 06
61 . 78
74.00
85.72
73.12
76.81
83.71
76.02
61.59
73.23
86.29
72.74
77.20
84.99
75.84
62.83
74.37
87.16
73.13
78.38
86.28
77.53
62. 75
75.55
88.62
74.09
78.94
87.13
78.87
61.18
76.89
91.35
74.47
79. 27
87 31
80.85
64.17
77.49
92 74
74 26
77.71
85 22
77.83
65 93
76. 33
89 95
Tobacco manufactures _
do
Textile-mill products 9
do
Broadwoven fabric mills
.
do
Knitting mills
do
Apparel and other finished textile products
dollars...
58.90
60.30
59.71
54.43
57. 81
58. 65
57.57
53.36
57.37
58. 80
56.70
54.09
57. 99
58. 35
56. 55
54. 31
57.04
57.90
56.26
53.65
61.78
57.60
55.97
53.73
60.99
58. 35
56.41
54.46
63. 76
57 90
56 26
53 94
57
58
56
55
54. 45
53. 49
54. 39
54. 75
52.84
52.98
53. 34
54.15
55. 20
55. 42
Paper and allied products
do
Pulp, paper, and paperboard mills _ d o _
Printing, publishing, and allied industries
dollars. .
Chemicals and allied products
do
Industrial organic chemicals
do
85. 57
94.15
84.18
93. 07
84. 60
93. 08
84.60
92.66
84.20
92.44
84.42
92.23
85. 67
93.53
87. 14
95.48
87. 55
95.26
89.23
96.79
96.19
89.86
95.40
94.22
89.21
94.94
95. 48
89. 40
94.89
96.61
89.40
95.06
95.87
89.40
95.30
96.38
90.64
96.35
96.38
91.88
97.82
96.13
92.25
98.16
96.64
92.25
98. 40
97.91
92.70
98.81
97.15
91.84
98.33
105. 37
109. 74
92.74
109. 25
57. 30
54.31
106. 45
110.68
91.21
107. 64
57. 76
55.71
104. 45
107. 86
90.80
106. 19
58.60
56. 39
104. 60
108. 26
89.28
102. 40
58.52
56.47
106. 71
110. 95
87.60
103.46
56.83
54.39
106. 75
110. 84
88.80
103. 46
55.90
53.04
108. 79
113. 70
91.21
107. 23
58. 21
55.73
111.64
115.92
94. 16
112 20
58. 29
56. 09
109.21
111 60
92.84
107 83
58. 67
56 32
113.30
117.01
92.97
107. 20
57. 66
54.90
110 03 r 111 11 ' 110. 70 p 108 94
115 62
113 36 r 115 87
93. 03 '93.20 '92.63 ^91 01
105 18 r 106 62
106 13
57.04
57.31 ' 58. 13 v 57 88
54 15
55 35
53 91
99.92
107. 45
115.33
98.05
105. 55
110. 63
97 29
95.36
112.51
97.23
79.79
109. 58
97.10
92.06
111.74
97.58
88.70
107. 76
98.81
100. 50
114. 68
100 28
112. 17
101 35
91.08
110 96
102. 84
105. 19
112.91
98 31
93.87
110 66
104. 58
85.46
103. 78
99.96
104. 91
104. 83
82.32
98.55
94.86
99. 57
101. 91
84.05
104. 80
101.38
105. 63
101. 25
84.63
104. 23
100. 47
104. 76
100. 75
84.87
104. 88
100. 88
105. 70
104. 23
87.71
106 39
103. 88
107. 02
109. 18
90.45
108. 11
106. 63
108. 49
110.00
90.70
109. 15
110.77
108. 93
106. 52
92.57
111 07
112.41
110.48
113.28
92.25
110.84
110. 16
111.14
106. 92
91.19
110 25
109. 21
110. 53
86.80
75.46
84.03
93.94
86.86
73.92
86.32
92.84
86.25
74.88
86.94
92.62
86. 66
74.30
87.57
93.02
87.29
74.69
86.11
94.07
88.71
75.66
89.25
93.61
89.96
76.44
88.62
95.30
90.02
76. 63
88.62
96.41
89.40
75.47
87.99
95. 94
90. 05
75. 66
87. 99
96. 93
89.01
77.22
87. 15
97.58
r
r
88. 80
79. 20
85. 69
97.99
89.65
77.18
85.89
98.88
0
O
'2,2
pl.6
P3 6
p 2
P2 6
P 6
r4 0
2
r2 7
9
2
p 2
WAGES
Average weekly gross earnings (U. S. Department of
Labor) :
\11 manufacturing industries - - dollars
Durable-goods industries
do
Ordnance and accessories _
do
Lumber and wood products (except furniture)
dollars _Sawmills and planing mills
do
Furniture and
fixtures
_ _ __ do
Stone, clay, and glass products
do
Transportation equipment 9
\utomobiles
Instruments and related products
Alfcccllaneous mfg industries
Xondurable-goods industries
Food and kindred products 9 - Meat products
Dairv products
Canning and preserving
Bakerv products __
Beverages
Products of petroleum and coal.
Petroleum refining
Rubber
products
_ Tire5? and inner tubes
Leather and leather products
Footwear (except rubber) .
do
do
_ -
do
-do. .
do
-do do
do
do
do
do
do
do
do
do
Nonmanufacturing industries:
Mining:
Metal
_ .
do
Anthracite
_ _ _ _
do
Bituminous coal
do
Crude-petroleum and natural -gas production:
Petroleum and natural-gas production
dollars. _
Nonmetallic mining and quarrying
do
Contract construction
do
Nonbuilding construction ..
. _ _ do
Building construction
_ _ . _ . _ . _ do .
Transportation and public utilities:
Local railways and bus lines
_ _ do
Telephone
. __
. do
Telegraph
do
Gas and electric utilities.. _ . _ .
..do
Wholesale and retail trade:
Wholesale trade.- _ __ _ _ _ _ _ _ _ _ _ do
Retail trade (except eating and drinking places) 9
dollars. .
General-merchandise stores
do
Food and liquor stores
do
\utomotive and accessories dealers
do
Finance, insurance, and real estate:
Banks and trust companies
do
Service and miscellaneous:
Hotels, year-round
do
Laundries
_ _
do
Cleaning and dyeing plants..
...do
r
Revised.
p Preliminary.
9 Includes data for industries not shown.
22
65
99
33
P 81 27
P 87 36
P 98 33
'•71.94
'71.00
r
69 48
84.21
r 97 41
'70.98
69.48
r
70 80
••83.18
T 97 41
P 68 64
p 81. 51
P 9g oi
102. 54
101. 73
T
r
82 92
88 93
96 00
96 00
90.32
r 92 90
g9 95
r
r
82 74
r 88 93
T 98 25
r
P68.00
96 24
'88.84 p 87. 47
'94 30 P 93 77
' 83 56 P 82 04
101. 75 '100.19
102 16
108 62
p 96. 58
r
r 95 40
90. 15
102 56
98.42
94.18
105. 34
85. 39
72 40
' 85. 60
72 25
85.79
'72 86
* 84. 93
P 71 78
75.24
79.10
89.60
78.91
66. 01
76.57
89.42
74 10
77.99
89 13
77.38
62 65
76.40
87 47
r 74 50
r
79 18
r7 90 83
77 00
r go 26
77 60
T 86 80
'74 88
'80.59
89 54
78.58
63 88
77. 59
88 48
P 73 73
v 79 80
58.11
59.04
57.52
55.71
56 30
59 04
57. 67
55 19
r
58
rr 58
56
r 54
13
29
94
46
'60 76 p60 20
' 58 35 p 56 55
57 13
54 31
53.49
53.10
' 52. 60 p 52. 95
88.19
96. 35
' 87. 15
95.24
87. 15
95.68
p 86. 11
r 96. 14
98. 43
' 93. 34
99.22
P96.65
p92. 62
T
92.66
98.74
99 47
'96 53
'84.68
102 18
108.83
109. 34
' 86. 90
103
30
T
98. 82
r
104. 23
111.64
87.13
105. 44
103.52
106.10
r
r
T
83.84
82.81
82.81
83. 01
82.80
83. 81
84.82
85.65
85. 24
86. 05
85. 63
' 85. 60
86.27
59.83
43.80
63.27
81.91
61.50
43.94
63.66
82.34
61.50
43.90
63.86
82 53
61 . 56
43.65
63.68
82.78
61. 56
44.38
63.86
83.22
62.32
44.54
64.59
84.48
63.41
45.75
65. 67
85.17
64. 46
45. 67
67. 46
84 73
04. 63
45.72
67. 1 1
84 73
64. 01
44.80
66.06
84.10
62. 79
44.48
65. 34
82 84
62.25
44.15
r
65. 52
82 65
62. 43
46.21
65.16
82.53
62.86
63.82
63. 74
63.89
63. 78
63.67
63.80
64. 52
64.31
64.48
64.74
r
64. 64
65.22
43.14
42.91
50.05
42.42
42.59
49.92
42.32
42.59
48.90
42.63
42.69
49.54
42.21
43.20
52.26
43.23
43.93
52.79
43.42
44.04
52.40
43.93
43.38
49.91
44.25
43.34
48.88
44.11
43.96
51. 35
44 00
43.73
51.35
44 40
43.29
' 49. 78
44.46
43.85
50.44
m
SURVEY OF CUEEENT BUSINESS
February 1958
1956
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
December
S-15
1958
1957
January
February
March
April
May
June
July
DecemAugust Septem- October November
ber
January
EMPLOYMENT AND POPULATION—Continued
WAGES— Continued
Average hourly gross earnings (U. S. Department of
Labor) :
All manufacturing industries
dollars__
Excluding overtime t
do
Durable-goods industries
do
Excluding overtime t
do
Ordnance and accessories
_
do
Lumber and wood products (except furniture)
dollars. _
Sawmills and planing mills _ _
do __
Furniture and
fixtures
do
Stone, clay, and glass products
_ _ do
Primary metal industries 9
do
Blast furnaces, steel works, and rolling mills
dollars. .
Primary smelting and refining of nonferrous
metals
dollars- _
Fabricated metal prod, (except ordnance, machinery, transportation equipment) _ _ .dollars. _
Machinery (except electrical)
do
Electrical machinery
do
2.05
1.98
2.18
2.09
2.27
2.05
1.98
2.18
2.10
2.28
2.05
1.99
2.17
2.10
2.29
2.05
1.99
2.18
2.11
2.30
2.05
2.00
2.18
2.11
2.31
2.06
2.00
2.18
2.12
2.31
2.07
2.01
2.19
2.13
2.33
2.07
2.01
2.20
2.14
2.34
2.07
2.01
2.21
2.14
2.34
2.08
2.02
2.22
2.16
2.37
2.09
2.03
2.23
2.16
2.38
2.11
2.05
2.24
2.18
'2.40
'2.10
2.05
2.24
2.19
' 2. 42
*2.10
1.74
1.75
1.73
2.01
2.45
1.72
1.73
1.72
2.02
2.47
1.73
1.74
1.73
2.01
2.46
1.77
1.77
1.73
2.02
2.46
1.80
1.78
1.72
2.01
2.46
1.82
1.80
1.73
2.02
2.46
1.84
1.84
1.74
2.04
2.48
1.82
1.81
1.74
2.05
2.53
1.84
1.83
1.76
2.06
2.54
1.84
1.84
1.77
2.08
2.57
1.84
1.82
1.77
2.09
2.55
'1.84
"1.83
1.75
2.10
2.55
'1.82
1.80
'1.77
'2.09
'2.55
Pl.78
2.62
2.66
2.62
2.62
2.63
2.61
2.63
2.72
2.73
2.76
2.73
2.72
2.72
2.29
2.30
2.29
2.30
2.31
2.32
2.33
2.35
2.40
2.42
2.42
2.40
2.40
2.14
2.27
2.05
2.13
2.27
2.05
2.13
2.27
2.05
2.14
2.28
2.06
2.15
2.28
2.06
2.16
2.28
2.05
2.17
2.30
2.06
2.19
2.30
2.05
2.20
2.30
2.06
2.22
2.32
2.07
2.22
2.33
2.08
2.23
2.34
2.10
'2.21
2.34
'2.11
P2.22
P2.35
P2.12
do
do
do
do
do
do
do.-_
2.43
2.51
2.34
2.35
2.44
2.07
1.79
2.38
2.43
2.33
2.33
2.45
2.08
1.81
2.37
2.41
2.33
2.36
2.45
2.09
1.81
2.38
2.41
2.35
2.37
2.47
2.10
1.81
2.37
2.39
2.36
2.36
2.48
2.10
1.81
2.37
2.40
2.33
2.39
2.47
2.10
1.81
2.40
2.46
2.34
2.38
2.49
2.11
1.80
2.41
2.46
2.35
2.40
2.52
2.11
1.81
2.43
2.47
2.38
2.42
2.52
2.10
1.80
2.46
2.53
2.38
2.45
2.59
2.14
1.81
2.47
2.54
2.39
2.45
2.57
2.14
1.81
2.50
2.58
2.41
'2.43
2.59
2.14
1.82
'2.48
2.51
2.43
2.44
2.64
2.15
1.84
*>2.47
.do. __
do
do
do
do._
do
do .
do
1.86
1.80
1.90
2.11
1.79
1.61
1.83
2.16
1.86
1.81
1.92
2.14
1.81
1.64
1.84
2.16
1.86
1.81
1.93
2.15
1.80
1.63
1.85
2.17
1.87
1.81
1.93
2.13
1.81
1.66
1.84
2.19
1.87
1.82
1.93
2.13
1.81
1.68
1.85
2.19
1.88
1.83
1.94
2.12
1.82
1.66
1.87
2.21
1.89
1.83
1.93
2.12
1.83
1.61
1.88
2.25
1.89
1.84
1.91
2.14
1.85
1.55
1.89
2.24
1.88
1.83
1.90
2.12
1.84
1.62
1.88
2.21
1.90
1.84
1.92
2.18
1.87
1.61
1.90
2.23
1.90
1.85
1.94
2.19
1.86
1.64
1.91
2.22
1.92
1.86
1.96
2.21
'1.86
'1.62
1.94
2.22
1.92
1.86
'1.98
2.20
1.88
1.69
1.93
2.24
pl.92
Tobacco manufactures
do
Textile-mill products 9
_
do._
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile products
dollars __
Paper and allied products
_ do _.
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries-do
Chemicals and allied products
do
Industrial organic chemicals _ . _ . do.__
1.48
1.50
1.46
1.44
1.49
1.50
1.45
1.45
1.49
1.50
1.45
1.45
1.53
1.50
1.45
1.46
1.55
1.50
1.45
1.45
1.58
1.50
1.45
1.46
1.58
1.50
1.45
1.46
1.61
1.50
1.45
1.45
1.49
1.50
1.45
1.46
1.46
1.51
1.46
1.47
1.47
1.51
1.46
1.46
'1.55
1.51
1.46
'1.46
1.57
1.50
1.45
1.46
pl.58
Pl. 50
1.50
1.99
2.13
2.46
2.16
2.31
1.49
1.99
2.12
2.46
2.16
2.31
1.49
2.00
2.13
2.48
2.17
2.32
1.50
2.00
2.13
2.49
2.17
2.33
1.48
2.00
2.13
2.49
2.17
2.33
1.48
2.01
2.13
2.51
2.20
2.35
1.49
2.03
2.17
2.51
2.23
2.38
1.50
2.06
2.20
2. 51
2.25
2.40
1.50
2.06
2.20
2.51
2.25
2.40
1.51
2.08
2.22
2.53
2.25
2.41
1.49
2.08
2.22
2.53
2.24
2.41
1.50
2.08
2.22
2.53
2.26
2.42
'1.49
2.08
2.22
2.55
'2.26
2.42
pl.50
P2.08
Products of petroleum and coal
Petroleum refining __
Rubber products
Tires and inner tubes
_
Leather and leather products.
Footwear (except rubber)
2.57
2.67
2.24
2.62
1.52
1.46
2.59
2.68
2.23
2.60
1.52
1.47
2.56
2.65
2.22
2.59
1.53
1.48
2.57
2.66
2.21
2.56
1.54
1.49
2.59
2.68
2.19
2.58
1.54
1.49
2.61
2.71
2.22
2.58
1.54
1.49
2.66
2.78
2.23
2.59
1.54
1.49
2.69
2.80
2.28
2.64
1.53
1.48
2.69
2.79
2.27
2.63
1.54
1.49
2.73
2.84
2.29
2.66
1.55
1.50
2.71
2.82
2.32
2.69
1.55
1.50
2.73
2.84
2.33
2.72
1.57
1.51
'2.72
2.82
'2.31
2.68
'1.55
1.50
2.34
2.96
2.98
2.34
2.94
2.95
2.35
2.98
2.93
2.36
2.87
2.93
2.38
2.96
3.02
2.38
2.88
3.01
2.41
2.93
3.05
2.47
2.46
2.91
3.04
2.49
2.98
3.06
2.47
2.98
3.04
'2.45
2.93
3.05
2.45
3.09
2.52
1.96
2.82
2.55
2.89
2.52
1.96
2.84
2.55
2.92
2.51
1.95
2.84
2.56
2.91
2.50
1.95
2.84
2.55
2.91
2.50
1.96
2.85
2.58
2.92
2.58
1.98
2.86
2.61
2.94
2.65
2.01
2.86
2.62
2.94
2.67
2.02
2.88
2.65
2.96
2.63
2.03
2.90
2.67
2.97
2.71
2.05
2.94
2.70
3.02
2.64
2.04
2.94
2.69
3.02
'2.68
2.04
2.96
'2.70
'3.03
2.69
2.05
2.97
2.71
3.04
2.00
1.92
2.02
2.28
2.02
1.91
2.07
2.27
2.02
1.92
2.08
2.27
2.02
1.92
2.09
2.28
2.03
1.93
2.08
2.30
2.03
1.94
2.10
2.30
2.04
1.95
2.10
2.33
2.06
1.94
2.10
2.34
2.06
1.94
2.10
2.34
2.07
1.95
2.10
2.37
2.07
1.97
2.10
2.38
2.07
' 1.98
2.09
2.39
2.08
2.01
2.10
2.40
2.06
2.06
2.06
2.07
2.07
2.09
2.11
2.12
2.11
2.13
2.13
'2.14
2.13
1.55
1.21
1.71
1.87
1.61
1.27
1.73
1.88
1.61
1.28
1.74
1.88
1.62
1.28
1.74
1.89
1.62
1.29
1.74
1.90
1.64
1.31
1.76
1.92
1.66
1.33
1.77
1.94
1.67
1.32
1.78
1.93
1.67
1.31
1.78
1.93
1.68
1.31
1.80
1.92
1.67
1.32
1.81
1.90
1.66
1.31
1.82
1.90
1.63
1.28
1.81
1.88
1.06
1.07
1.28
1.05
1.07
1.29
1.05
1.07
1.28
1.05
1.07
1.28
1.05
1.08
1.30
1.07
1.09
1.31
1.08
1.09
1.31
1.09
1.09
1.31
1.09
1.10
1.30
1.10
1.11
1.31
1.10
1.11
1.32
1.11
1.11
1.31
1.12
1.11
1.31
2.192
3.433
3.085
2.212
3.456
3. 098
2.220
3.457
3.106
2.220
3.462
3.107
2.225
3.467
3.118
2.256
3.486
3.159
2.286
3.510
3.183
2.299
3.543
3.210
2.333
3. 581
3.221
2.334
3.585
3.237
2.334
3.604
3.237
2.336
3.606
3.242
2.344
3.629
3.248
2.216
.95
2.198
1.86
2.240
2.208
.92
2.212
1.82
2.236
2.272
93
2.249
1.88
2.263
2.284
84
2.254
1.98
2.409
Transportation equipment 9
Automobiles
Aircraft and parts _ _ _ .
Ship and boat building and repairs
Railroad equipment
Instruments and related products
Miscellaneous mfg. industries
Nondurable-goods industries
Excluding overtime!
Food and kindred products 9
Meat products
Dairy products
Canning and preserving
Bakery products
Beverages
„__
.do
do
do
do
do
do
X on manufacturing industries:
Mining:
Metal
do .
\nthracite
do
Bituminous coal __
do
Crude-petroleum and natural-gas production:
Petroleum and natural -gas prod
dollars. _
Xonnietallio mining and quarrying
do
Contract construction.
do
Nonbuilding construction
do
Building construction
do
Transportation and public utilities:
Local railways and bus lines
do
Telephone
do
Telegraph.__ _
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
_
do
Retail trade (except eating and drinking places) 9
dollars _.
General-merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year-round . do
Laundries
_ . . _ _ do
Cleaning and dyeing plants
do
M isoellaneous wage data:
Construction wage rates (ENR):§
Common labor
dol. per hr__
Skilled labor
do__
Equipment operators*
.
_
do _
Farm wage rates, without board or room (quarterly)
dol per hr
Railway wages (average, class I)
do
Road-building wages, common labor (qtrly). do
P2.24
P2.41
pl.76
P2.09
*2.54
P2. 15
Pl.85
p 2. 00
P2.55
P2.27
P2.71
P2.31
Pl.56
3.04
2. 373
3.62f)
3. 247
.97
r
Revised.
* Preliminary,
JData through 1956 shown in the 1957 edition of BUSINESS STATISTICS are based on adjustment factors; the 1956 figures therein have since been revised to reflect calculations from overtime
hours now regularly collected. Revisions for 1956 appear in the August 1957 SURVEY; the published estimates through 1955 are essentially comparable.
9 Includes data for industries not shown separately.
§ Rates as of February 1, 1958: Common labor, $2.379; skilled labor, $3.624: equipment operators, $3.286. Scattered monthly revisions for 1952-55 for skilled labor rates are available upon
request.
*New series. Data are arithmetic averages of wage rates for equipment operators in 20 cities. The three types of equipment covered are tractors (including bulldozers, on 70-100 h. p.
machines), power cranes and shovels (% cubic yard), and air compressors. For data back to January 1956, see the December 1957 SURVEY.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
February 105S
1957
January
February
March
April
May
June
1958
July
DecemAugust Septem- October November
ber
January
FINANCE
BANKING
Acceptances and commercial paper outstanding:
Bankers' acceptances
mil. ofdol
Commercial paper
-do
Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit Adm.:
Total
mil. of dol
Farm mortgage loans: Federal land banks___do
Loans to cooperatives
do
Other loans and discounts
_do
967
506
1,012
548
992
555
2,971
1,744
457
770
3,003
1,763
454
786
201, 876
do
77, 495
do
- -_do__._ 40, 912
1 000
459
1,227
501
1 197
501
1, 225
516
1 224
560
1 307
551
3,287
1,870
384
1,033
3,327
1,877
409
1,041
3,345
1,887
420
1,038
3,354
1,896
430
1,027
3, 354
1,904
451
999
3 329
1,908
452
969
3, 339
1,919
454
966
197, 257
71, 780
42, 128
193, 349
74, 512
39, 942
200 559
74, 509
41,711
190, 539 '189 294
70 953
68, 409
40, 194
39, 095
204 168
77, 431
41, 761
189 246
71,667
39, 012
220 376
88, 584
43, 692
212 862
84, 355
41, 988
51,494
24, 960
829
23, 169
21, 635
51,618
25, 224
1,170
23, 108
21 , 932
51, 362
24, 816
558
23, 035
21, 945
51, 753
24, 691
420
23, 355
21, 946
51, 626
25, 418
986
23, 539
21. 939
50 884
24, 622
396
23, 312
21, 943
52 035
25, 206
789
23, 338
22, 005
52, 562
25, 515
819
23, 733
22, 083
53 028
25, 784
55
24, 238
22, 085
51,428
24, 352
217
23, 331
22, 104
51 016
19, 835
18, 629
117
26, 454
51, 494
19, 983
18, 864
276
26, 323
51,618
20, 252
19, 049
698
26, 476
51 362
19, 630
18, 376
-167
26, 682
51 753
19, 795
18, 630
110
26, 671
51 626
20, 079
18, 975
670
26, 861
50 884
19, 426
18, 399
—295
26, 829
52 035
20, 103
18, 917
376
26, 834
52 562
19, 996
19,r 274
696
27, 260
53 028
20, 117
19,
034
r
—57
27, 535
51, 42S
19. 956
18, 958
415
26, 711
46.9
46.7
46.7
46.9
47.4
47.2
46.7
47.4
46.9
46.7
46 3
47.4
58, 076
56, 370
55, 118
56, 213
55, 149
54, 307
55, 550
54, 973
54, 015
55, 805
55,464
56, 887
56, 134
61, 966
4,183
2,181
59, 951
4,211
790
59, 228
4,099
1,554
57, 179
4,045
3,946
58, 635
4,545
2,822
57, 383
4,439
3,214
57, 306
4,238
5,004
58, 276
4,169
2,381
57, 374
3,878
2,647
57, 159
3,872
4,008
58, 495
3,857
1,683
58, 772
4, 005
1, 758
61,887
4.331
2,458
59. 924
4, 176
1,048
21, 017
Time, except interbank, total 9
do
Individuals, partnerships, and corporations
mil. of dol_ . 19, 919
916
States and political subdivisions
_
do
15, 609
Interbank (demand and time) _._
do
21, 336
21, 554
22, 083
22, 114
22, 372
22, 484
22, 529
22, 612
22, 821
22, 925
22, 716
23, 293
23, 415
20, 214
939
12, 625
20, 407
964
12, 775
20, 897
1,004
13, 373
20, 870
1,063
13, 098
21,082
1,111
12, 253
21,171
1,125
13, 478
21,219
1,123
13, 352
21, 292
1, 135
12, 836
21, 494
1,143
13, 693
21, 635
1,111
13, 094
21, 487
1,060
12, 918
21, 951
1,175
15,211
22, 062
1,216
13,293
Investments total
do
U. S. Government obligations, direct and guaranteed total
mil. of dol
Bills
_ - do ..
Certificates
do
Bonds and guaranteed obligations _ _ _ do
Notes
do
Other securities
do
34, 259
33, 521
33, 259
34, 309
33, 675
33, 486
33, 922
32 797
32, 535
33, 335
33, 129
32, 743
34,329
33, 942
26, 774
2,093
703
18, 756
5,222
7, 485
26, 101
1,681
680
18, 658
5,082
7,420
25, 723
1,461
746
18, 638
4,878
7,536
26, 635
1,243
1,608
18, 569
5,215
7,674
26, 034
1,125
1,311
18, 458
5,140
7,641
25, 878
1, 665
1,581
18, 394
4,238
7,608
26, 310
2,334
1,475
18, 272
4,229
7,612
25, 241
1,504
1,342
18,188
4,207
7,556
24, 914
1,623
1,562
18, 107
3,622
7,621
25, 654
1,197
1,732
18, 166
4,559
7,681
25,191
1,156
1,600
18, 004
4,431
7,938
25, 010
1,007
1,713
17, 898
4,392
7,733
26, 423
1,888
1,752
18,007
4,776
7,906
25,923
1,431
1, 799
18, 02S
4, f>fto
8, 019
Loans (adjusted) total O
do
Commercial industrial, and agricultural
do
To brokers and dealers in securities
__do
Other loans for purchasing or carrying securities
mil. of dol__
Real-estate loans
do
Other loans
.
do
53, 375
31, 137
2,130
51, 776
30, 260
1,689
51, 779
30, 314
1,760
52, 944
31, 322
1,952
53 454
31, 450
2,113
52, 756
31, 077
1,765
54, 282
32, 310
1,892
53, 568
31, 738
1,660
53, 935
32, 012
1,810
54. 563
32, 331
2,021
53, 614
31, 756
1,642
53 329
31, 527
1,610
54 658
32,237
2,190
52 245
30,638
1,645
1,208
8,839
11, 069
1,182
8,790
10, 868
1,148
8,762
10, 813
1,152
8,691
10, 873
1,173
8,679
11,086
1,156
8,661
11, 144
1,184
8,649
11,303
1,142
8,675
11,412
1.120
8,696
11, 355
1,118
8,727
11, 427
1,106
8,758
11,411
1,093
8,777
11, 385
1, 154
8,761
11, 448
1.125
8,744
11, 226
Bank debits total (344 centers)
New York City
6 other centerscf
-
Federal Reserve banks, condition, end of month:
Assets total 9
do
Reserve bank credit outstanding, total 9
do
Discounts and advances
do
United States Government securities
_ do
Gold certificate reserves
do
Liabilities total 9
Deposits, total 9
_ _ _
Member-bank reserve balances
Excess reserves (estimated)
Federal Reserve notes in circulation
do
do
do
do
do
Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent. _
Federal Reserve weekly reporting member banks,
condition, Wednesday nearest end of month:
Deposits:
Demand, adjustedO
- mil. of dol
Demand, except interbank:
Individuals, partnerships, and corporations
mil. of doL.
States and political subdivisions
do .
United States Government
do
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
percent
do
do
do
Discount rate (N Y F R Bank)
Federal intermediate credit bank 1 oans
Federal land bank loans
Open market rates, New York City:
Acceptances, prime, bankers' 90 days
Commercial paper, prime, 4-6 months
Yield on U. S. Govt. securities:
3-month bills
.
3-5 year taxable issues
1 019
489
1 018
466
984
483
979
454
3,062
1,788
444
829
3,120
1,817
423
880
3,185
1,836
411
938
3,234
1,855
389
990
204, 514
76, 460
42, 596
177, 536
67, 035
36, 886
197, 231
74, 786
42, 113
192, 701
72, 328
40, 182
52, 910
26, 699
50
24, 915
21, 269
51, 853
25, 195
668
23, 421
21, 562
51, 387
24, 704
595
22, 887
21, 626
51,016
24, 970
994
23, 149
21, 627
52, 910
20, 249
19, 059
—30
27, 476
51, 853
20, 203
18, 882
365
26, 698
51, 387
19, 566
18, 576
282
26, 556
44.6
46.0
57, 629
4.38
4.22
4.40
4.58
4.83
4.69
4.85
5.01
4.40
4.23
4.39
4.65
4 38
4.23
4.40
4.60
4.85
4.71
4. 86
5.05
3.00
3.89
4.63
3.00
3.98
4.75
3.00
4.11
4.79
3.00
4.19
4.96
3.00
4.20
5.04
3.00
4.22
5.08
3.00
4.25
5.17
3.00
4.29
5.17
3.50
4.36
5.21
3.50
4.45
5.25
3. 50
4.49
5.38
3 00
4.68
5 63
3.00
4.70
5.63
do
do
3.35
3.63
3.38
3.63
3.38
3.63
3.27
3.63
3.20
3.63
3.25
3.63
3.36
3.79
3.38
3.88
3.78
3.98
3.83
4.00
3.75
4.10
3.50
4.07
3.35
3.81
do
do
3.230
3.65
3.210
3.40
3.165
3.33
3.140
3.38
3.113
3.48
3.042
3.60
3.316
3.77
3.165
3.89
3.404
3.91
3.578
3.93
3.591
3.99
3.337
3.63
3.102
3.04
17, 626
1,649
17,611
1,621
17, 657
1,598
17, 795
1,573
17, 780
1,542
17,895
1,511
18, 058
1,462
18, 023
1,432
18, 064
1,407
18, 205
1,383
18, 207
«• 1, 362
18, 323
p 1, 343
18, 588
P 1, 326
42, 097
41, 138
40, 738
40, 735
41, 247
41, 937
42, 491
42, 592
43, 133
43, 270
43, 274
43 530
44, 798
31, 827
31, 568
31, 488
31, 524
31, 786
32, 158
32, 608
32, 968
33 303
33, 415
33, 504
33 596
34 127
do
. . do
do
Savings deposits, balance to credit of depositors:
New York State savings banks
_ mil. of dol__
U. S. postal savings^
do
18, 701
P I, 306
CONSUMER CREDITJ
(Short- and Intermediate-term)
Total outstanding end of month
Installment credit total
mil of dol
do
14, 432
14, 883
15, 329
15 490
15, 579
14, 459
14,410
14, 528
14, 691
15, 127
15, 556
15 542
15 496
\utomobile paper
do
8,510
8,305
8,160
8,165
8,189
8,229
8,228
8,236
8,300
8,709
8,017
8,081
8,043
Other consumer-goods paper
do _
1,984
1,921
1,954
1,895
1,905
1,862
1,886
1,969
1,988
1,872
1,859
1,996
Repair and modernization loans
do
1,856
7,411
7,662
7,701
6,963
7,037
7,529
7.630
7,216
7, 938
7,308
6,981
7,758
Personal loans
do
7.097
r
Revised.
*> Preliminary.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
OFor demand deposits, the term "adjusted" denotes exclusion of interbank and U. S. Government deposits and of cash items reported as in process of collection; for loans, exclusion of
loans to banks and deduction of valuation reserves (individual loan items are gross, i. e., before deduction of valuation reserves).
§For bond yields, see p. S-20.
f Data are as of end of consecutive 4-week periods ending in month indicated,
tRevised back to January 1955 to incorporate more comprehensive information recently available. For revisions prior to October 1956, see the December 1957 Federal Reserve Bulletin.
SURVEY OF CURRENT BUSINESS
February 1058
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
S-17
1957
January
February
March
April
May
1958
June
July
DecemOctober NovemAugust September
ber
ber
January
FINANCE—Continued
CONSUMER CREDITJ— Continued
(Short- and Intermediate-term)
Total outstanding, end of month— Continued
Installment credit, total— Continued
Bv type of holder:
Financial institutions, total
mil. of dol
Commercial banks
do_ .
Sales-finance companies
do
Credit unions
.
do _
Consumer finance companies
do
Other
do
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
Noninstallment credit total
_
-- -
27. 148
11.736
9,048
2, 076
3,063
1,225
27, 544
11,981
9,104
2,127
3,105
1,227
27, 864
12, 143
9.176
2, 167
3,123
1.255
28, 263
12, 323
9, 300
2.227
3, 155
1 258
28, 726
12. 508
9,476
2,284
3 209
1 249
29 014
12,607
9 565
2.344
3 234
1 264
29, 128
12,656
9 598
2,377
3 231
1 266
29 241
12, 749
9 585
2, 415
3 229
1 263
29 239
12, 717
9 564
2,439
3 248
1 271
29 375
12, 714
9 573
2,472
3 332
1 284
-do
do
do
do
do
4, 743
1,408
1,187
502
1. 646
4,594
1,387
1, 139
499
1, 569
4,480
1,351
1,115
499
1, 515
4,376
1,304
1,090
501
1,481
4.242
1,176
1,075
505
1,486
4.294
1,229
1,077
510
1, 478
4,345
1,249
1,077
518
1.501
4,242
1, 144
1,072
525
1,501
4.289
1 161
1,083
530
1, 515
4,287
1,167
1,077
533
1,510
4, 263
1 134
1,080
533
1, 516
4, 357
1,199
1,092
531
1, 535
4, 752
1. 415
1,146
529
1,662
10, 270
9,570
9,250
9,211
9,461
9.779
9,883
9,624
9,830
9, 855
9,770
9,934
10. 671
3, 253
4, 735
2,282
3,199
4. Ill
2,260
3,273
3,690
2,287
3, 370
3, 534
2,307
3,374
3,735
2,352
3, 582
3, 834
2,363
3, 530
3, 948
2. 405
3,406
3 810
2.408
3, 458
3 957
2 415
3,493
3 942
2, 420
3. 405
3 9Q1
2,374
3, 458
4, 135
2,341
3, 502
4 760
2,409
do
do
do
3.253
4,735
2 282
3.199
4.111
2, 260
3,273
3, 690
2,287
3, 370
3, 534
2,307
3,374
3,735
2,352
3,582
3, 834
2, 363
3, 530
3,948
2,405
3.406
3 810
2,408
3.458
3 957
2, 415
3,493
3,942
2,420
3, 405
3 991
2, 374
3,4,58
4, 135
2,341
3, 502
4 760
2.409
do
do
do
do
3.824
1,200
1. 359
1, 265
3, 090
1,258
802
1.030
2 976
1,215
763
998
3, 347
1,380
846
1.121
3.594
1,468
901
1, 225
3.748
1, 513
1.016
1,219
3,674
1,494
998
1,182
3,837
1 563
995
1,279
3, 704
1 467
1.022
1,215
3,388
1,364
927
1,097
3. 545
1 404
976
1. 165
3,439
1, 250
1, 020
1,169
4,091
1 305
1. 355
1.431
do
do
do
do
3,237
1,210
915
1, 112
3, 349
1. 307
1.007
1,035
3, 056
1. 193
908
955
3,311
1, 284
963
1, 064
3, 332
1, 305
927
1,100
3,376
1,321
952
1,103
3,224
1,250
914
1, 060
3,477
1, 361
971
1, 145
3,369
1,306
982
1.081
3,276
1, 298
928
1,050
3 456
1.381
968
1.107
3,347
1,287
956
1,104
3, 560
1, 351
946
1,263
do
do
do
do
3,451
1, 334
1,003
1.114
' 3, 473
* 3, 509
' I , 407
^963
r
1, 139
r
3, 426
>• 1,374
'931
' 1, 121
' 3, 470 ' 3, 535
' 1, 371 ' 1, 363
'995
'937
' 1, 177
1,162
3 241
1,251
953
1,037
••942
1,038
3 257
1,284
933
1, 040
r
__do
do
- do
r
3 284
3 313
' 1, 294 '1,305
' 919
908
' 1, 082 ' 1, 089 '
5,898
5 412
59
5,279
4,809
64
7,486
6, 188
53
12, 145
10, 737
66
6,142
4,256
65
7,759
5,282
64
12,819
11 688
58
3, 734
3 057
70
6, 475
5,128
65
do
do
do
do
2,391
1, 825
355
1,268
3, 126
461
316
1,311
4,708
445
1, 160
1,120
2, 868
7, 327
692
1,192
3, 646
520
633
1,278
4,587
502
1,314
1, 293
4,071
6,722
589
1,378
1,316
541
366
1,441
_ _ do
do
do
do
do
5,718
631
405
3 576
1, 106
6,095
651
410
3,741
1,293
5,743
585
407
3 576
1,175
5, 584
601
414
3,700
869
5,987
604
419
3 913
1,051
5,944
604
444
3,750
1,146
6,279
641
409
5 046
182
276, 628
274, 219
228, 581
45, 639
2,408
276, 229
273, 698
228, 367
45, 331
2, 531
276, 269
273, 919
228, 449
45, 470
2,350
274, 999
272, 773
227, 169
45, 603
2,226
274, 008
272, 066
226, 915
45, 151
1,942
275, 234
273, 074
226, 937
46, 137
2,160
270, 527
268, 486
221, 658
46, 827
2,042
-
-- - -
\utomobile paper
Other consumer-goods paper
All other
27, 008
11,662
9, 035
2,039
3, 058
1,214
do
Installment credit extended and repaid:
Unadjusted:
Extended total
_
\utomobile paper
Other consumer-goods paper
_
411 other
- _
Repaid total
\utomobile paper
Other consumer-goods paper
\11 other
Adjusted:
Extended total
Automobile paper
Other consumer-goods paper
All other
26. 974
11.638
9,077
2.011
3,048
1,200
do
do
- do
_ _.
Single-payment loans
Charge accounts
Service credit
By type of holder:
Financial institutions
Retail outlets
Service credit
27. 084
11. 707
9,100
2,014
3, 056
1,207
-
' 1, 420
r
T
'932
1, 121
3 292
r 1, 312
3, 255
1,272
r
935
1,048
' 3, 559
3, 591 ' 3, 546 3, 541
1, 355 ' 1, 392 ' 1 435 ' 1, 404
'973
1, 027
' 912 r '964
' 1 194 1, 191
1, 209 ' 1, 181
3, 637
1 423
981
1,233
3 358
1^317
' 945
1, 096
' 3, 394
1, 292
'981
1,121
3 498
1, 368
978
1, 152
8,109
7, 225
65
3,796
3 131
76
5,845
4,827
67
6,611
5 956
63
3, 806
355
1, 003
1, 245
3, 986
2, 3(54
540
1, 214
1, 537
429
363
1, 391
3, 512
367
740
1,158
2,477
2,277
432
1,363
6, 347
659
377
3 628
1, 683
5, 930
628
382
3 989
931
5. 667
630
362
3 589
1,086
6, 501
641
5,806
636
5,809
674
272, 469
270, 595
224, 272
46, 323
1,874
273, 845
272, 018
225 308
46, 709
1,828
274, 412
272, 688
226. 467
46, 221
1,724
274, 067
272, 406
226, 338
46, 068
1, 661
274. 747
273, 132
227, 146
45, 986
1, 615
274, 898
272, 874
227, 075
45, 799
2,024
' 3, 547 ' 3, 599 '
' 1, 356 ' 1 381 'r
'999
' 1, 007
' 1, 184 ' 1,219 '
3 339 ' 3 382 '3 343 ' 3 418
' 1,318
1,289
'1,317
1,276
964
'976
990
'951
1, 099
1,101 T I, 091 T 1, 110
'
FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts total
Receipt^ net
Customs
mil of dol
do
do
Individual income taxes
Corporation income and profits taxes
Employment taxes
Other internal revenue and receipts
Expenditures total
Interest on public debt
Veterans' services and benefits
ATaior national security
\11 other expenditures
_
_
Public debt and guaranteed obligations:
Gross debt (direct) end of month total
do
Interest bearing, total
do__
Public issues
do
Special issues
- - - - do
Noninterest bearing
do
Obligations guaranteed by U. S. Government, end
o f month
_ _ _ _ _
mil. o f d o l .
U. S. Savings bonds:
Amount outstanding, end of month __ _ _ do
Sales series E through K§
do
Redemptions
-do
Federal business-type activities, end of quarter: cf
\ssets except interagency total
mil of dol
Loans receivable total (less reserves)
do
To aid agriculture
do
To aid homeowners
do
Foreign loans
do
All other
do
Commodities supplies and materials
U S Government securities
Other securities and investments
Land structures and equipment
All other assets
do
do
- do_
do
do
274, 555
272, 777
227, 307
45, 470
1,777
103
107
109
109
103
103
107
107
109
115
103
104
104
101
57, 018
390
728
56, 570
496
1,070
56, 317
386
728
56, 068
384
723
55, 836
389
707
55, 586
394
737
54, 996
362
1,076
54, 631
400
890
54, 364
392
750
54, 105
362
713
53, 799
337
729
53, 533
334
694
53, 209
368
813
52,846
510
998
i 69, 873
20, 657
6 752
3,680
8,223
2 311
i 69, 895
21, 353
7, 261
4,076
8,237
2,107
i 69, 058
20 982
6 830
4, 380
8,300
2 305
21, 375
3,739
3,669
9 985
10 448
21, 303
3,923
3, 729
9 875
9 713
21, 450
3,881
3,725
9 977
9 042
1
1
1
6, 755
6, 879
6 438
Liabilities except interagency total
do
3,559
2,778
3,043
Bonds notes and debentures
do
3,320
31 660
3,713
Other liabilities
do
1
i 1, 037
918
775
Private proprietary interest
do
1
i 62, 364
61, 142
i 62, 516
U. S. Government proprietary interest
do
r
1
Revised.
» Preliminary.
See note marked "cf".
t See corresponding note on p. S-16.
§ Effective May 1957, for series E through H.
cf Figures are not directly comparable from quarter to quarter, since activities covered vary. Data reflect the condition of activities (public-enterprise and intragovernmental funds, certain
other activities of the U. S. Government, and certain deposit and trust revolving funds) reporting to the Treasury under Department Circular No. 966; excluded from the data are activities
(with total assets of $23,612 million) reporting as of June 30, 1957, pursuant to Supplement No. 1. Interagency items are excluded except in the case of trust revolving funds.
SUEVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
February 10-58
19.5S
1957
December
January
February
March
April
May
June
July
vein - DecemOctober Nober
August September
ber
January
FINANCE—Continued
LIFE INSURANCE
Institute of Life Insurance:!
Assets, total, all U. S. life insurance companies
mil. of dol_.
Bonds (book value), domestic and foreign, total
mil. of dol__
U S Government
do
State, county, municipal (U. S.)
do
Public utility ( U S )
do
Railroad (U. S.)
.
. do ..
Industrial and miscellaneous (U. S.)
do
95. 844
96, 316
96, 738
97, 074
97, 488
97, 868
98, 239
99, 005
99, 374
99, 812
100, 224
100, 597
49, 056
7 519
2.234
14,005
3,842
18,808
49, 324
7. 588
2,244
14, 030
3,838
18, 951
49,470
7,544
2,244
14, 049
3,837
19, 084
49, 564
7.427
2, 251
14, 110
3,840
19, 204
49, 767
7,430
2, 264
14, 157
3,838
19, 314
49, 899
7,340
2,290
14, 182
3,843
19, 442
50, 014
7,270
2,290
14, 259
3,841
19, 541
50, 480
7,306
2, 323
14,339
3,837
19, 844
50, 604
7,268
2,333
14, 375
3,842
19, 932
50, 755
7,224
2,340
14, 426
3, 843
20, 076
51, 005
7, 233
2, 352
14,504
3, 845
20. 222
51, 122
7,135
2,362
14 553
3. 845
20, 368
2. 909
1, 630
1, 261
32. 994
30, 524
2, 921
1,632
1,273
33, 279
30, 810
2, 933
1,627
1,287
33, 479
31, 001
2.941
1,628
1,294
33, 672
31, 179
2,951
1, 629
1,303
33, 840
31, 334
2,958
1,630
1,309
34, 022
31, 498
2, 956
1.620
1,317
34, 159
31, 620
2, 993
1 , 622
1, 350
34, 356
31, 794
3. 018
1,622
1,375
34, 547
31. 978
3,010
1, 624
1, 365
34, 697
32, 122
3. 021
1,630
1, 370
34, 859
32. 274
3, 028
1,626
1,381
34, 986
32, 396
2.829
3 505
1,273
3.278
2,841
3, 523
1, 141
3,287
2,865
3,547
1,103
3,341
2.883
3,575
1.056
3,383
2,907
3.606
1,080
3,337
2,948
3.633
1, 058
3,350
2.983
3, 657
1,118
3,352
3,004
3, 703
1,113
3, 356
3,032
3, 731
1,083
3,359
3, 059
3, 764
1,128
3,399
3, 085
3, 802
1, 112
3, 340
3,113
3. 833
1,126
3.389
7. 138
2. 736
556
3. 846
4,338
705
472
3,161
5, 000
1,281
509
3,210
5, 653
1,158
563
3,932
5,907
1,510
569
3,828
6, 224
1,680
574
3,970
5, 545
1, 365
521
3,659
5,281
1,090
492
3,699
4, 963
759
515
3, 689
4,602
672
517
3,413
5,732
1,244
510
3,978
5, 469
1,181
465
3,823
6 727
2, 109
454
4. 164
224
919
816
310
442
152
210
738
673
249
364
131
211
767
679
250
372
137
250
959
826
301
449
165
241
949
788
282
450
168
255
983
843
309
458
173
234
898
731
297
445
158
232
910
770
306
428
156
225
880
784
298
436
159
200
805
725
273
433
152
244
977
826
316
477
165
246
979
796
292
455
157
292
957
861
234
481
169
332
160
445
295
110
354
283
116
347
346
136
424
323
135
412
348
150
452
332
136
427
333
145
419
332
138
437
320
130
374
364
154
455
331
146
421
478
175
518
590.9
209.0
63.7
8.9
595.9
236.9
66.5
10.9
495.0
207.4
56.4
8.9
575. 8
223.8
68.5
10.0
560.8
228.1
63.5
9.8
551. 5
233.6
63.2
9.4
515. 6
196.4
56.7
9.3
551. 2
233. 4
54.7
9.6
525.3
222.1
55.4
9.7
496.9
202.4
53.0
9.1
587. 1
248.8
64. 0
10.2
525. 2
222.4
57. 8
9.2
do
do
do...
38.1
94.9
176.3
61. 5
98.0
122.1
41.9
94.4
86.0
45.8
108. 3
119.4
44.1
110.6
104.7
44.6
108.7
92.0
45.0
102.2
106. 0
46.5
107. 5
99.5
44.7
105.7
87.7
42.6
92.5
97.3
47. 0
118.3
98.2
44.8
101.7
89.3
do
do
do
do .
do
do.
2,673.1
403. 1
358.2
289. 0
279.7
1,343.2
Stocks (book value), domestic and foreign, total
mil. of doL Preferred ( U S )
do
Common (U. S.)
_. ._ .. . _ _ d o _ _ _
Mortgage loans, total
do
Nonfarm
do
Real estate
do._
Cash .. _ ._
.__
do.-Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):}
Value estimated total
mil of dol
Group and wholesale
-do .
Industrial
do
Ordinary total© . _ _ .
_ _ _ . _ . do
New England
Middle Atlantic
East North Central
West North Central
South Atlantic...
East South Central
__
do
do
do
do
-do
do
West South Central-.
do
Mountain
do
Pacific
_
_ .do
Institute of Life Insurance:
Payments to policyholders and beneficiaries, estimated total
mil. of dol
Death benefits
__
-do
Matured endowments
do
Disability payments. .
do
Annuity payments. _
Surrender values
_
_
Policy dividends
Life Insurance Association of America:
Premium income (39 cos ) , quarterly total
\ccident and health
Annuities
Group
Industrial
Ordinary
2, 470. 1
391 5
311. 5
284.9
234. 3
1, 247. 8
2 389. 7
410 0
241.7
266.4
202.7
1, 268. 9
2, 476. 7
413 6
297.1
283.5
204.7
1,277.8
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U. S. (end of mo.)
mil. of dol_.
Net release from earmark §
do
Exports
thous. of dol.Imports
do
1
73, 600
Production, reported monthly total 9
do
50,500
Africa
do
T
12, 700
Canada
_
_. do
4,600
United States
do
Silver:
* 323
Exports
do
8. 869
Imports
_ do.
.914
Price at New York
.
dol. perfineoz
Production:
Canada
thous. of fine oz-- 2 r 2, 446
3, 048
Mexico
_ _ .
do_
3,168
United States
do
M oney supply (end of month) :
Currency in circulation
mil. of dol . 31, 790
230, 510
Deposits and currency, total
do
3, 306
Foreign banks deposits, net
do
5, 254
U. S. Government balances
do
22. 304
28.0
41, 787
11. 980
22, 306
16. 0
36, 316
27, 511
22, 318
-5.8
189
20,967
22, 620
285. 4
144
20, 121
22, 623
-6.0
304
10, 265
22, 627
-.8
168
2,825
22, 626
-11.4
163
28, 738
22, 635
-9.0
358
19,290
22, 691
36.9
172
42, 956
22, 763
-31.2
206
26, 948
73, 700
51, 200
12,000
4,400
78, 300
54, 400
13,200
5,100
77, 200
54, 000
12 900
4,700
55, 300
13, 100
5, 000
54, 800
12, 600
4, 900
56, 400
12, 800
5. 800
56, 100
12, 600
5, 800
13, 100
5. 700
13, 900
6, 500
13, 100
5, 100
2, 405
9,101
.914
961
6. 396
.914
707
11, 232
.914
1,183
7, 958
.914
1,326
5, 943
.913
1,045
10,820
.905
917
16, 241
.903
465
16, 695
.909
471
7, 993
.906
681
5,786
.906
507
33, 226
.904
2, 1 59
4, 066
2.997
2, 032
3,784
2, 925
2, 346
4.248
3,360
2, 220
3,217
3,735
2, 107
4, 336
2, 486
2. 202
3, 793
3, 386
2,377
2,842
2, 859
2, 566
4,628
2,500
2, 336
4, 156
2, 937
2,771
2,510
3,334
2,731
30, 614
226,400
3, 100
3, 300
30, 575
225,100
3, 100
3, 900
30, 585
225,400
3, 100
5, 100
30, 519
228,200
3,200
5,500
22, 252
295.9
88, 386
34, 498
21, 949
51.2
' 375
3,090
r
77, 500
53,100
12,600
5, 000
r
22, 781
2.0
140
18, 978
493
26. 963
'. 898
.S94
3, 029
31, 133
30, 933
31. 082
30, 836
31, 090
31, 073
31.834
31, 661
228, 200 »229, 100 "229, 300 "229, 000 *>229, 500 p 231, 100 p231. 000 P235, 100
3, 200 p 3. 400 P 3, 300 P 3, 200 P 3, 300 p 3, 300
P 3, 200 P 3, 300
6, 600 v 6, 100 p 5, 000 P 5, 700 p 5, 300 p 4, 800 p 4, 500
P 5, 600
Deposits (adjusted) and currency, totalf
do
221, 950 219, 900 218, 000 217, 200 219,600 218,400 P219, 700 P221, 000 "220, 000 p220, 900 p 223,000 "223, 300 "226, 300
Demand deposits, adjusted^
do_ . 111,391 109, 500 107, 000 105, 200 107, 300 104, 800 pl05, 600 "106, 600 "105, 100 Pl05, 500 p 107, 200 P107, 200 P108, 900
82. 224
85, 700 v 86. 400 p 86. 700 P 87, 100 p 87, 700 p 88, 100 p 87, 600 P88, 500
82. 900
84, 900
84, 600
83, 600
Time deposits, adjusted^
do
27, 400
27, 400
27, 400
27, 400
Currency outside banks. __ .
-_do,_ . 28, 335
27, 900 v 27,800 p 27, 800 P 27, 800 p 27, 800 p 27, 800 " 28, 500 P28, 800
Turnover of demand deposits except interbank and
U. S. Government, annual rate:
51.4
51.8
44.7
48.7
48.9
48.3
49.9
52.2
49.5
47.1
46.9
New York City
ratio of debits to deposits
51.2
58. 9
30.4
32.0
30.2
29.9
30.0
30.5
30.3
29. 6
31.4
28.5
30.6
* 30. 5
p 32. 2
6 other centers cf- - -- - --- do, __
22 1
22.5
23.3
23.1
23.2
23. 0
22.9
22.7
r 23. 5
P -) 5. 1)
24. 1
23. 6
22.4
337 other reDortine: centers
___ __ _ _do
2
••Revised, r Preliminary.
1 Revision for November 1956: $77,900,000.
Revisions for January-November 1956 (thous. fine oz.): 2,333; 2,045; 2,345; 2,062; 2,511; 2,540; 2,313: 2,363:
2,572; 2,437; 2,465.
t Revisions for assets of all life insurance companies for January-July 1956 will be shown later; those for insurance written for 1956 -arc shown in the SURVEY beginning with the July KK,"
issue.
0Data for January 1956-April 1957 include revisions not distributed by areas.
§ Or increase in earmarked gold (—).
9Includes data for the following countries not shown separately: Mexico (through February 1957 only); Colombia; Chile; Nicaragua; Australia, and India.
^ The term "adjusted" denotes exclusion of interbank and U. S. Government deposits; for demand deposits, also exclusion of cash items reported as in process of collection.
c?Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
SURVEY OF CURRENT BUSINESS
February 1058
5
Unless otherwise stated, statistics through 1956 and )
descriptive notes are shown in the 1957 edition of 1 T^™™
BUSINESS STATISTICS
i |er
S-19
1958
1957
January
February
March
April
May
June
July
DecemOctober NovemAugust September
ber
ber
January
FINANCE—Continued
PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):
Net profit after taxes, all industries
mil of dol
Food and kindred products .__ _
do
Textile mill products
do
Lumber and wood products (except furniture)
mil of dol
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining.
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.) mil. of dol
Machinery (except electrical)
do
Electrical machinery
do
Transportation equipment (except motor vehicles,
etc )
mil of dol
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, net profit after taxes (Fed. Res.)t
mil of dol
Railways and telephone cos. (see pp. S-23 and S-24).
4 255
262
96
4 099
224
66
4 072
258
65
3 737
320
72
35
163
451
827
162
194
410
12
149
453
806
120
176
390
40
130
469
671
170
139
377
42
128
446
642
176
118
293
145
375
190
149
385
236
178
428
226
179
339
209
129
378
435
120
467
346
139
386
395
121
233
419
2 259
1 804
1 817
1,766
331
393
327
326
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate
Common stock
Preferred stock
By type of issuer:
Corporate, total $
Manufacturing
Mining
Public utility
Railroad
Communication
Real estate and
financial
mil of dol
1,955
2,432
2,123
3,248
2 362
1 785
2 401
1 977
1 934
3,980
' 2. 670 r 3, 027
2. t)')8
do
do
do
do
1,756
915
183
16
2,254
916
144
34
1,769
761
329
26
2,934
1 072
276
38
2,053
647
264
46
1 675
691
So
25
1 928
1 074
407
66
1 724
770
230
22
1 827
830
76
31
3,865
913
96
19
' 2,
503 ' 2, 854
r
r 676
911
150
100
24
68
2. 307
773
341
10
do
do
do
do
do
do
do
1 114
538
18
160
44
76
153
1 094
396
24
251
51
107
191
1 116
558
43
265
22
47
113
1 386
377
18
514
39
284
93
956
324
21
364
28
48
96
802
142
11
363
54
83
73
1 547
660
20
444
25
139
213
1 022
244
44
248
23
54
347
937
246
14
255
15
129
219
1 028
340
28
426
24
66
78
r
1 125
594
14
176
27
41
90
841
Noncorporate, total 9
do
390
U. S. Government
do
427
State and municipal
do
New corporate security issues:
1,098
Estimated net proceeds, total
do
Proposed uses of proceeds:
1,049
New money, total
do
737
Plant and equipment
.
do
312
Working capital
do 11
Retirement of securities
do
39
Other purposes
do
State and municipal issues (Bond Buyer):
Long-term
thous. of dol__ 427, 298
148, 455
Short-term
do
1, 337
496
685
1,007
386
569
1,862
1,327
503
1,406
390
763
983
394
539
854
362
388
954
400
516
997
392
595
2,952
2, 263
437
' 1, 592
894
683
1, 075
1 092
1 365
937
786
1 5^
1,006
923
1 012
1,026
794
232
11
38
927
724
203
22
144
1 271
1, 106
165
21
73
864
653
211
13
61
707
558
149
15
04
1 419
1. 051
368
31
69
930
457
474
15
60
905
622
283
9
9
949
803
146
40
24
685, 472
325 574
568, 928
454 707
503, 237
146 928
763,411
204 961
538, 533
337 264
387, 502
152 644
516, 182
271, 697
595, 240
272 017
343
2,790
866
2,006
322
2,764
828
2,057
313
2,741
820
2, 005
319
2,820
807
2,104
320
2,833
817
2, 115
321
2,918
820
2, 156
327
2,917
829
2,138
332
2 863
816
2 093
1, 078
' 132
r 35
'315
18
'372
T
160
'849
r 227
22
'302
16
'93
' 120
' 2, 178
1, 374
'639
I, 533
925
607
* 1 064
'833
1 107
r
r
1,r 026
823
203
r
i()
' 29
437, 163 -682,730
252 251 302 503
765
' 507
'28
1 043
83ft
205
21
43
639, 335
93, 579
606, 800
457 f>04
325
2,559
876
1,697
342
2, 5pO
896
1,831
' 197
r 41
SECURITY MARKETS
Brokers' Balances (N. Y. S. E. Members
Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances
Money borrowed
.
__rnil. of dol__
do
do
do
336
2,866
878
2,195
339
2,824
838
2,109
354
2,608
879
1,780
Bonds
Prices:
Average price of all listed bonds (N. Y. S. E.),
93 41
91. 59
93 33
89 67
90 10
89 93
91 62
93 33
92 67
92 48
total §
dollars
89 86
90 12
90.32
90.16
91.85
93.65
92.72
91.91
93. 69
93. 57
90. 08
89.89
90.34
Domestic..
do
92.93
71.94
76.62
75.93
77.04
Foreign
do
75 34
75 44
78.23
73.00
76.71
75 32
77.28
75 27
Standard and Poor's Corporation:
Industrial, utility, and railroad (Al-f issues):
104.4
103. 2
102. 8
104.2
100.0
104.3
98.2
101.0
102.8
Composite (21 bonds) cf...dol. per $100 bond-98.0
98.3
98.3
110.0
102.9
103. 5
106.9
108.1
110.9
Domestic municipal (15 bonds)
do
103.4
103.5
109.8
108.6
101.3
101. 2
88.74
89.41
87.12
90.88
U. S. Treasury bonds, taxable
.
do _ _
90.45
91.51
86.86
93. 19
86.92
95.63
86.88
89.96
Sales:
Total, excluding U. S. Government bonds:
All registered exchanges:
85,420 105, 432
94, 431
91, 949
Market value
. thous. of dol 144. 608 116, 182 93, 606
73, 222 112, 849
94, 231
98, 622
78 750
152, 555 120, 730
84, 634 130 206 109 879
Face value
_ __ .
do
93, 715
91, 927 104, 640
85 758
96, 698 103, 748 101, 398
New York Stock Exchange:
143, 305 114, 750
84, 305 104, 304
Market value
. _. .
do
71, 978 111, 565
93, 186
90, 490
97, 613
92, 471
93, 159
77, 601
94, 864 102, 590
150, 956 119,016
92, 390
Face value
do
83 093 128, 615 108 569
99, 907
90, 671 103, 350
84 401
New York Stock Exchange, exclusive of stopped
84, 054
124, 985
74, 802
99, 249
90 065
94 060
sales, face value, total§
thous of dol
73 706 118 623
77, 758
87, 626
74 993
87, 537
1
0
2
2
103
0
0
0
0
35
U. S. Government. _ .
do
35
0
84, 052
99, 247
90, 065
74, 767
77, 723
Other than U. S. Government, total ^ ..
do. _- 124. 882 94, 060
73, 706 118, 623
87, 626
74, 993
87, 536
120,353
79, 881
89, 458
71, 862
73, 933
69 798 113, 105
95, 505
83, 073
70, 978
86, 120
83, 306
Domestic do
5.516
3.725
4,159
3. 935
4,525
4,590
2. 883
3.783
Foreign
do
3.896
4.227
4.013
4,538
f
Revised.
* Preliminary.
^Revisions for electric utilities for last 3 quarters of 1955, respectively (mil. dol.): 292; 285; 325.
9 Includes data not shown separately.
§Data for bonds of the International Bank for Reconstruction and Development, not shown separately, are included in computing average price of all listed bonds.
cfNumber of bonds represents number currently used; the change in the number does not affect the continuity of series.
94 85
95 12
77 59
102. 7
107.5
99. 63
109, 562
129, 460
108, 149
127, 775
119, 125
0
119, 125
114,050
5,073
105.9
110.0
SUEVEY OF CUERENT BUSINESS
&-20
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
February 1058
1958
1957
January
February
March
April
May
June
July
Novem- DecemAugust Septum- J Qctober
ber
ber
i
January
FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Value, issues listed on N. Y. S. E.:
Market value, total, all issues ^
mil. of dol
Domestic. _ _
_
do
Foreign
do
Face value, total, all issues §
.
. _ do
Domestic. _ _
do__ _
Foreign
do
Yields:
Domestic corporate (Moody 's)
_
percent
By ratings:
Ana
.
_ . do
Aa
do
A .
_
do_
Baa
_
do
By groups:
Industrial
.
do
Public utility
do. __
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds)
_
_ _ _ do_ _
Standard and Poor's Corp (15 bonds)
do
U . S . Treasury bonds, taxable
do
Stocks
Cash dividend payments publicly reported:
Total dividend payments
_
mil. of dol
Finance
do
Manufacturing
_ _ _ _ _
do _
Mining
do
Public utilities:
Communications
_
_ _ _
do
Electric and gas _ _
__do
Railroad
. _ _ do
Trade
do
Miscellaneous
. _ _ _ do
Dividend rates, prices, yields, and earnings, common
stocks (Moody's):
Dividends per share, annual rate (200 stocks) .dollars-Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Bank (15 stocks)
do
Insurance (10 stocks)
_ . _ do _.
Price per share, end of month (200 stocks) 9
Industrial (125 stocks)
_ _ _ _ _ _
Public utility (24 stocks)
Railroad (25 stocks)
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
_
Bank (15 stocks)
Insurance ( 1 0 stocks)
do
do
do
do
percent
do
do
do
do
_ _ _ _ _ _ do _
Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard and Poor's Corp.)
percent..
Prices:
Dow Jones <fc Co., Inc. (65 stocks)
dol. per share__
Industrial (30 stocks)
do_._
Public utility (15 stocks)
do __
Railroad (20 stocks)
do
Standard and Poor's Corporation:
Industrial, public utility, and railroad: c?
Combined index (.500 stocks)
1941-43=10__
Industrial, total (425 stocks) 9
do
Capital goods (129 stocks)
do
Consumers' goods (196 stocks)
do
Public utility (50 stocks)
do
Railroad (25 stocks).
do
Banks:f
N. Y. Citv (12 stocks)
do
Outside N. Y. City (17 stocks)
do
Fire insurance (17 stocks)
_ _ _
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil of dol
Shares sold
_ _
thousands
On New York Stock Exchange:
Market value
_ _ _ mil. of dol
Shares sold
thousands
Exclusive of odd lot and stopped sales (N. Y.
Times)
thousands. .
Shares listed, New York Stock Exchange:
Market value all listed shares
mil of dol
Number of shares listed
millions
99, 022
97, 358
1,159
100,951
99, 253
1,165
101,317
99, 503
1,223
101, 605
99, 784
1,228
100, 657
98, 847
1,227
100 061
98, 060
1,351
98 483
96, 509
1,335
98, 351
96, 447
1,263
98 530
96,627
1 254
98, 481
96, 573
1, 253
99 015
97, 093
1 276
102 487
100, 524
1, 236
106 072
103, 996
1,3^9
108, 109
105, 929
1,611
108, 165
105, 933
1,596
108, 557
106, 336
1,595
108, 769
106, 548
1,595
108, 845
106,613
1,602
109, 208
106, 765
1,727
109, 299
106, 855
1,728
109, 359
106, 976
1,664
109, 336
106, 954
1 662
109, 591
107, 208
1 664
110,426
108,010
1 693
1 10, 598
108, 173
1, 642
111,830
109,333
1, 713
3.99
4.04
3.99
3.97
3.96
4.02
4.15
4.26
4.37
4 44
4 46
4 49
4 31
4 06
3.75
3.85
3.98
4.37
3.77
3.89
4.01
4.49
3.67
3.83
3.99
4.47
3.66
3.80
3.97
4.43
3.67
3.79
3.95
4.44
3.74
3.83
3.99
4.52
3.91
3.98
4.09
4.63
3.99
4 10
4.20
4 73
4.10
4.21
4. 35
4.82
4.12
4 26
4.43
4 93
4. 10
4 28
4.46
4 99
4.08
4 29
4.50
5 09
r
3.81
4 08
4. 31
5.03
3. 60
3 81
4 01
4.83
3. 95
3.93
4.08
4.02
3.98
4.12
3.94
3.97
4.06
3.90
3.95
4.04
3.89
3.94
4.06
3.96
3.98
4.13
4.14
4.06
4.26
4.19
4.19
4.39
4.29
4. 33
4.49
4 31
4.45
4.56
4 32
4.48
4 57
4 34
4.49
4 65
4 11
'4.29
4 53
3 91
3.99
4 30
3.23
3.44
3.43
3.07
3.40
3.33
3.05
3.26
3.20
3.07
3.32
3.25
3.23
3.33
3.30
3.35
3.52
3.39
3.40
3. 75
3.61
3.47
3 75
3.63
3. 56
3.91
3.62
3 45
3 90
3.64
3.43
3 79
3.84
2.97
3 47
' 3. 30
3 32
2, 217. 4
267.7
1,372.9
217.0
801.5
168.5
268. 9
8.5
335. 4
103.1
116.2
3.0
1, 670. 7
107.7
1, 129. 1
127. 5
762. 3
133.4
272.0
8. 1
300. 0
62.4
130.6
2.6
1,679.0
107.2
1,120.6
125.7
763. 6
146. 5
280.9
316. 2
65. 7
129.4
2. 5
1.671.8
105 0
1, 126. 8
134 6
738.2
138. 8
263. 5
8.0
325. 0
75 6
134. 6
2 4
2, 131. 9
224 7
1,375.2
172 9
45.3
130.3
91.5
55.8
36.9
141.3
90.7
37.8
77.3
8.5
1.2
80.6
7.3
18.4
5.6
42.0
119.0
74.4
45.0
26. 0
140.7
107.2
27.0
63.6
10.3
1.3
81.2
3.4
11.5
7.0
41.7
132.6
73.9
51 2
26.1
141.0
95.5
18.4
62 0
11.9
1.3
83.0
10. 2
14.5
9.6
41.2
134.5
61.5
42 5
25 7
141. 1
92.9
22.1
64 1
7.7
13
85.2
4 3
14 1
7 5
45 9
143.4
81 6
53 6
34 6
5.39
5.88
2.37
4.06
3.54
3.99
5.43
5.90
2.40
4.13
3.52
3.99
5.44
5.91
2.41
4.11
3.52
3.99
5.44
5.91
2.42
4.11
3.52
4.00
5.44
5.91
2.43
4.09
3.57
4.00
5.44
5.90
2.43
4.09
3.62
4.00
5.43
5.89
2.43
4.09
3.64
4.00
5.44
5.91
2.42
4.09
3.62
4.00
5.44
5.92
2.42
4.08
3. 66
4.00
5.45
5 93
2 44
4.09
3 66
4.04
5.45
5.94
2 44
3.98
3 64
4.04
5.38
5.86
2 45
3.75
3 62
4.04
5.40
5.88
2 4fi
3.75
3.72
4.04
5.37
5 86
2 46
3 44
3 72
4 04
1
3.27
3 76
3.57
T
r
130. 66
150. 74
48. 96
67.59
125.90142. 80
50. 05
65.97
122. 54
138. 53
49.98
62.74
125. 14
141. 98
49.88
63.56
130.64
149. 42
50.37
64.81
134. 19
154. 31
51.85
64. 55
134. 03
155. 23
48.96
64.79
135. 80
157. 66
49.60
66.03
129. 12
148. 83
48.52
61. 25
12]. 02
138. 73
47 67
55. 76
116. 51
133. 59
47 15
50.88
117.38
134. 30
48 65
48. 64
113.20
128. 38
50 30
45.11
117. 76
133 06
53 04
50.61
4.13
3.90
4.84
6.01
4.41
3.28
4.31
4.13
4.80
6.26
4.44
3.15
4.44
4.27
4.82
6.55
4.59
3.10
4. 35
4.16
4.85
6.47
4.58
2.99
4. 16
3.96
4.82
6.31
4.61
2.92
4.05
3.82
4.69
6.34
4.77
2.91
4.05
3.79
4.96
6.31
4.84
2.97
4 01
3.75
4.88
6.19
4.68
3.05
4.21
3.98
4.99
6. 66
4.62
3.34
4 50
4.27
5.12
7.34
4.81
3.49
4 68
4 45
5.17
7.82
5 08
3.74
4 58
4.36
5.04
7.71
4 84
3.56
4 77
4.58
4.89
8.31
5 09
3.46
4 56
4 40
4.64
6 79
4 93
3 16
11.10
3.36
6.36
11.45
3.35
9.91
10. 85
3.31
6.74
P9.30
*3 35
v 6. 63
4.63
4.51
4.47
4.46
4.47
4.53
4.69
4.75
4.83
4.79
4.80
4.78*
4.49
4.36
172.41
492. 01
67.61
154. 41
171. 73
485. 90
69. 73
152. 75
165. 68
466. 84
70.44
143. 02
167. 16
472. 78
71.09
143. 12
170.86
485. 42
72.02
145. 83
175. 04
500. 83
73.91
146. 64
174. 95
505. 33
72.14
145. 67
177. 76
514. 64
70.81
150. 84
168. 95
487. 97
68.49
142.41
161. 71
471.79
67.44
129. 85
151.27
443. 38
65. 18
116 70
146. 87
436. 73
65. 83
104. 63
146.03
436. 94
68. 08
98 13
151. 01
445. 68
71.08
104 90
46.44
45.43
43.47
44.03
45.05
46.78
47.55
48.51
45. 84
43.98
41.24
40. 35
40.33
41.12
49.79
49. 59
33.38
31.70
31.75
48.43
48.48
32.62
32.32
31.36
46.10
46.43
31.55
32.29
29.59
46. 86
46. 56
32.08
32.45
29.37
48.06
48.26
32. 67
33.03
29.78
50. 10
50. 11
33. 64
34.03
30.42
51.30
50.92
33.59
33. 35
30.11
52. 54
52.15
34. 86
32.93
31.20
49.51
48.48
33. 65
31. 89
29.52
47.52
46.32
32. 75
31. 09
27.17
44 43
43.24
31. 55
30 39
24.78
43.41
41.87
30. 52
30.68
22.63
43 29
41. 35
30.29
31. 79
21. 39
43 98
43.00
31 43
33 30
22.69
20.20
40.94
25.17
20. 39
40.39
25.86
19.62
38.40
26.70
19.50
38.87
27.80
19.40
38.82
28.38
19.42
38. 96
28.31
19. 25
38. 64
27.99
19. 75
39. 56
27.73
20. 14
39. 57
25. 66
20.10
39. 07
24.70
18.90
36.96
23.12
18.47
35 75
22.19
18.73
35 76
23. 45
19.08
37 98
25. 88
2,642
96, 157
3,035
113,712
2,330
115, 443
2 060
96, 133
2,681
108, 533
3 296
112,428
2 987
107, 489
3 091
98, 574
2. 594
83, 218
2,077
70, 805
3 252
119, 304
2 263
133 058
2 540
133 727
2,272
64, 816
2,589
77, 245
1,997
87, 467
1,720
67, 115
2,267
73, 000
2,818
72, 669
2,543
72, 584
2,620
65,617
2,216
54, 544
1, 780
48, 090
2,822
84 770
1 967
106 970
2,208
104 091
46, 422
48, 161
37, 575
35, 652
48, 310
52, 559
44, 479
48, 262
41, 409
36, 873
63, 983
48, 217
54, 468
219, 176
4,462
211, 997
4,489
207, 719
4,556
212, 329
4,570
221, 595
4,587
228, 585
4,656
227, 928
4,678
229, 924
4,705
217, 898
4,719
205, 705
4,733
196, 675
4,747
200 919
4,781
195 570
4 804
49, 871
r
1
Revised.
? Preliminary.
For bonds due or callable in 10 years or more; prior to November 1957 for bonds due or callable in 10-20 years (comparable yield for November 1957 is
3.61 percent).
§ Include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds shown
on p. S-19.
9 Includes data not shown separately.
cf Number of stocks represents number currently used; the change in the number does not affect the continuity of series,
not shown in 1957 BUSINESS STATISTICS; indexes prior to August 1956 are available upon request.
SURVEY OF CURRENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and 1 956
descriptive notes are shown in the 1957 edition of i TV,™™
BUSINESS STATISTICS
1 her
S-21
1958
1957
January
February
March
April
May
June
DecemOctober NovemAugust September
ber
ber
July
January
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)
Exports of goods and services, total
mil of dol
M ilitary transfers under grants, net
do
Merchandise, adjusted, excluding military transactions©
_ mil. of dol
Income on investments abroad
do
Other services and military transactions
do
Imports of goods and services,
total
"Merchandise, adjusted© of1
Income on foreign investments in U. S
Military expenditures
Other servicescf- - _
do
do
do
do
do
6, 938
417
7 267
605
7 774
885
6 705
4, 859
5, 085
621
956
5, 138
736
1,015
4,441
163
085
784
5,018
3,288
161
840
729
5, 290
3,338
158
882
912
5, 225
3 248
746
916
4,843
3,211
446
747
1,071
163
675
1,139
Balance on goods and services.. _ _
do
+2. 095
+2, 249
+2, 484
+1, 480
Unilateral transfers (net), total
Private
Government
do
do
do
— 1.049
-132
-917
— 1 182
— 147
-1,035
—1 558
—1,001
— 135
-138
-863
do
do
do
do
do
do
— 1, 180
— 1, 038
-780
—258
-2
—348
+321
— 1,558
— 1,366
— 192
IT S long- and short-term capital (net) total
Private
.
Government
Foreign long- and short-term capital (net)
Gold sales [purchases ( — )]
Errors and omissions
-1.079
— 101
-162
-27
+323
FOREIGN TRADE
Indexes
Exports of U. S. merchandise: t
380
Quantity
1935-38=100
816
Value
do
214
Unit value
do
Imports for consumption: t
177
Quantity
do
513
Value
do
289
Unit value
do
Agricultural products, quantity :f
Exports, IT. S. merchandise, total:
236
Unadjusted
1952-54=100
192
Seasonally adjusted
do
209
Cotton (incl. linters), seas, adj
do
Imports for consumption, total:
0)
Unadjusted
do
Seasonally adjusted
do
0)!
Supplementary 7imports seas adj
do
()
Complem<?ntar3 imports, seas adj
do
(0
Shipping Weight
Water-borne trade:
13. 581
Exports, incl. reexports §.
thous. of long tons
10, 717
General imports
do
Value}
Exports (mdse.), including reexports, totalf
2,002.5
mil of dol
By geographic regions:A
\frica
. .
thous of dol 56. 026
367,787
Asia and Oceania
_
do
672,616
Europe
do
Northern North America
do
Southern North America
_ do
South America. _
.
do
By leading countries:A
Africa:
Egypt
do
Union of South Africa.
do
Asia and Oceania:
Australia, including New Guinea
. do
British Malaya
do
China, including Manchuria
_
do
India and Pakistan... _
do
Japan
_ . _
_
do
Indonesia
- do
Republic o f t h e Philippines _ _ _ _ _ _
. do
Europe:
France _ - _do
East Germany
do
West Germany
_ ___
. do
Italy
- -_ _ _ - -. _. do
Union of Soviet Socialist Republics
do
United Kingdom. _ . - _ _ _ _
do
North and South America:
Canada
_ _ _
do
Latin American Republics, total 9
Argentina
. _ _
Brazil
Chile
. _
do.
do
do
do
-1,423
—546
-396
150
+635
—325
+322
-188
—27
+282
218
285
626
220
308
681
221
310
684
220
190
555
291
177
509
287
169
492
292
« 195
' 562
c
287
176
506
287
163
186
173
134
174
319
135
168
206
142
156
178
161
146
167
161
137
162
13, 723
13, 505
14, 138
13, 280
12, 748
15 665
1,864.0
1,813.7
1,784.5
1, 690 6
1 677 9
1. 541. 2
1 672 9
1 681.0
69, 777
339,231
516,783
66, 056
325,845
478.325
53, 933
47, 106
283, 023
427, 290
53 345
257, 992
419 977
45, 271
239, 294
407, 106
49 981
265 712
436 793
52, 466
272, 466
444, 886
363,007
212,186
249,863
371,532
189,391
217,953
371,172
181,589
222,310
308,192
4, 536
16, 803
4,248
29, 677
2, 662
22, 915
3,721
27, 334
13, 944
4,057
2
48, 360
114,114
12,472
25, 124
10, 808
2,889
4
46, 703
110,456
7,121
26, 699
20, 866
4,012
0
59, 701
130,508
13, 944
42, 525
13, 005
3,925
0
53, 823
126,500
11.390
32, 410
16, 666
3,574
0
43. 307
125,443
9, 635
30, 140
64, 709
32
83, 407
55, 633
53
105,573
57, 709
6
82, 671
64, 395
110
93, 928
74, 845
4
97, 959
81, 091
78
124,628
55, 618
96
81, 134
58, 712
112
89, 228
54, 005
57
81, 514
56, 442
117
85, 639
18
908
77, 248
76, 840
75, 781
320,102
303,250
312,409
363,005
371, 509
371,122
353, 644
319, 854
374,293
26, 394
30, 633
18, 580
316,956
21,087
26 179
16, 355
286,527
20, 884
23 795
10, 479
434,450
33, 695
37, 349
22, 592
380,510
31,304
43 376
16, 485
380.671
27, 285
41, 237
19, 214
364,841
346, 181
19, 242
38, 208
17, 007
313
684
219
299
654
219
397
874
220
346
758
219
339
738
218
336
725
216
317
687
217
185
539
292
166
489
294
186
549
296
181
530
293
182
532
292
164
478
292
182
170
186
178
167
195
195
185
214
166
172
187
155
160
217
11,434
11, 167
11, 244
9 679
14, 719
10, 811
14, 370
11, 493
1,680.6
1,609.1
2,151.0
54, 492
305,131
543,322
42, 608
286,830
491,317
71, 237
393,144
654,910
320,104
201,281
201,610
303,258
167,266
170,348
312,420
164,765
140,490
2,380
24. 577
2,140
21,912
20, 461
4,720
0
64, 304
122,132
19, 141
31, 467
66, 081
0
112,865
65, 976
585
122,339
315,909
469,547
319,873
159,242
c
r
313
683
13, 221
15 221
10, 055
-13, 316
2
203, 702
181, 518
242, 377
302, 154
164. 553
210, 574
316 098
190, 805
229 969
294, 461
202, 238
224, 341
3, 139
22, 401
2 819
24, 827
2, 946
19, 299
2 922
24, 130
23, 675
15,644
3,608
3
12, 465
3,287
0
15,071
3,420
0
16,801
2,578
0
26, 691
3 237
21,395
49, 225
110, 502
44, 483
100, 795
42, 630
82, 165
41, 727
64, 443
7,051
28, 768
41, 824
76, 831
34, 045
95, 800
6,974
8,423
31, 641
28, 752
353, 676
165,458
217,807
2,924
23, 424
0
2,742
3,109
0
8,058
9,450
31, 731
24, 416
31, 336
50, 268
48, 920
42, 749
33, 985
9
32, 979
33, 577
53
72, 536
51, 667
77, 421
41, 062
71, 793
49, 457
68, 161
47, 470
1,458
96, 978
76, 913
79, 838
47, 164
100, 823
308, 167
302, 085
316, 080
294, 456
403, 919
26, 737
45 243
15, 273
356, 212
17, 817
37 600
15, 454
399, 425
20, 680
40, 521
14, 262
404, 823
18, 521
36, 975
14, 856
0
23, 735
52 571
15, 999
7
4,562
255
o
50,542
388
1, 638 6
1
47
88, 302
21,844
22, 482
15, 958
12, 669
15, 205
26, 566
29, 651
17, 269
14, 171
20, 825
Colombia
do
23, 247
10, 957
59, 985
44 954
46, 753
47 874
46 251
63 753
43 687
48 817
50 352
56, 145
Cuba
do
54 304
48 965
80, 566
75, 832
74, 612
Mexico _ _ _ _ _
do
69, 968
79, 092
66, 080
73, 995
66, 993
70, 401
80, 322
77, 430
71, 620
65. 542
91. 591
78. 871
Venezuela
_
do
88. 288 101. 812 104. 208
76. 336
95. 954
86. 444
54. 273
79. 780
80. 696
T
l
2
c
Revised.
*> Preliminary.
Revised imports indexes will be published later.
Revision for September 1956 imports (thous long tons): 12,428.
Corrected.
©Adjusted for balance-of-payments purposes, mainly for valuation, coverage, and timing.
cfExcludes military expenditures.
{Revisions for following periods will be shown later: January-July 1956 (general revisions in both exports and imports); July-December 1955 and January-May 1954 (total exports and certain
components only); also for 1941-54, private relief shipments of food products, formerly included with finished manufactures, have been shifted to the manufactured foodstuffs class.
fRevised series, reflecting change in comparison base period and increased coverage. Supplementary imports are those similar to, or interchangeable with, commodities produced in the
United States; complementary imports include all other. A detailed description of the indexes and data for earlier years will be available later.
§Excludes "special category" shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
IData include shipments (military and economic aid) under the Mutual Security Program. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. dol.): December 1956-December 1957, respectively—122.7; 97.1; 121.4; 129.4; 83.7; 102.2; 134.1; 186.8; 141.2; 103.2; 74.1; 86.8; 95.3.
AExcludes "special category" shipments.
9 Includes countries not shown separately.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
February 1958
1958
1957
January
February
March
April
May
June
July
Novem- DecemOctober
August September
ber
ber
INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value t— Con tinued
Exports of IT S merchandise totalt
mil of dol
By economic classes:
Crude materials
thous of dol
Crude foodstuffs
do
Manufactured foodstuffs and beverages
do
Semimanufactures 9
do
Finished manufactures 9
do
By principal commodities:
\gricultural products total 0
do
Cotton, unmanufactured
do
Fruits vegetables, and preparations
do
Grains and preparations
do
Packing-house products
do
Tobacco and manufactures
do
Petroleum and products
Textiles and manufactures
General imports, total.- _.
By geographic regions:
Africa
Asia and Oceania
.
Europe
_
_
1,767.2
1,668 1
1,594 9
279,144
117,992
103,093
294,362
873,458
267,369 320,515 275,377 264,200 248, 254
117,236 129,908 124,689 110,931 134, 102
99, 131
88, 986
93, 511 135,181 100,716
287,258 368,282 312,021 300,663 281,449
829,546 1,177,603 1,034,786 1,033,803 1,004,226
543,084
144, 303
31, 879
156,370
34, 551
45, 608
421,858
122,734
24, 532
123,124
33, 486
25, 806
393,924
122,492
23, 368
127,177
25 731
23, 289
466,927
120,080
27, 278
149,373
36 069
27, 464
1,847.6
386,554
92, 161
29, 096
135.463
25, 524
26, 092
1,798.6
362,200
100,925
34, 031
106, 613
27, 484
26, 668
1, 674. 5
1, 664. 5 1, 526. 8
224, 450 228, 572 241, 224
97, 468 105, 015
88, 721
92, 884
94, 496
78, 895
264, 236 245, 068 219, 219
995, 477 1,006,959 883 105
1, 666. 6
1, 658. 8
382,757
80, 743
31,953
129, 666
29, 675
35, 724
315, 932
63, 722
31, 425
96, 032
22, 890
26, 675
313, 080
51, 778
30, 771
103, 620
18, 373
35, 366
332, 792
56, 660
31, 318
94, 873
23,440
63, 182
373, 991
72, 804
36, 919
100, 039
21, 391
61, 763
368, 436
79, 750
31, 088
102, 099
22, 755
41, 367
1,246.2
1,201.0
1,664.6
1,461.0
1,436.4
1,384.4
1, 358. 6 1, 351. 4
1, 194. 0
1, 284. 8
1, 298. 2 1, 232. 0
125,760
102,750
55, 692
112,295
101, 850
98, 941
55, 458
104,612
161,012
139, Oil
70, 961
147,455
142,859
124, 250
79, 561
132,553
147, 769
134,026
80, 631
126, 727
113, 280
112, 532
84, 443
126, 687
107, 857
115, 121
77, 921
125, 088
110, 811
118, 943
82,085
114, 688
92, 347
105, 448
73, 567
102, 295
100, 741
117,001
70, 913
107, 258
130, 906
115, 744
58, 251
94, 053
140, 662
110, 615
55, 351
83,757
do
do
do
do___
do
do
351,402
7 373
31, 587
86, 932
25, 373
185,116
300,527
9,001
29, 973
69, 318
19, 853
158,011
279,828
11 615
29, 602
67, 374
16, 707
142,434
424,192
15, 752
48, 154
91, 606
30, 805
221, 127
371,873
17, 068
37, 477
84, 636
30, 253
187,435
385,343
14, 438
36, 978
89, 612
27, 218
201,931
354,040
12, 478
31, 125
80, 862
25, 902
190, 558
345, 392
12, 394
28, 293
96, 876
28, 789
175, 510
347, 589
8,515
28, 604
87, 964
26, 388
184, 782
315, 183
8,635
29, 743
75, 089
25, 328
161, 647
349, 516
8,253
30, 069
87, 842
23, 809
185, 203
358, 306
7,076
26, 478
103, 087
26, 831
180, 833
339, 190
7,590
23, 319
86, 874
27,880
179, 840
do
do
125,784
62, 839
111,375
50, 925
114,993
49, 926
142, 222
72, 272
106, 765
59, 494
80, 148
60, 656
70, 211
53, 153
62, 007
45, 283
63, 963
53, 309
58,900
50,659
60, 865
56, 723
64, 884
58, 580
52, 350
55, 318
mil. of dol
1,059.2
1,112.9
992.8
1,132.3
1,117.8
1,104.1
982.6
1, 144. 7
1,042.4
1, 007. 1
1, 144. 7
thous of dol
do
do
52, 792
169,809
272,297
57, 226
185,230
268,397
45, 474
147,353
214,927
71, 620
178,206
278,746
52, 307
186,492
284, 674
46, 721
185,486
268,830
41, 497
159, 071
243, 216
49, 612
199, 826
271, 018
38, 815
208, 195
229, 175
39, 688
195, 347
246, 678
43, 911
207, 147
294, 251
237,305
113,583
213,469
214,281
147,869
239,910
217,116
139,588
228,324
234,119
146,991
222,577
238,062
132, 495
223,752
259,851
138,902
204,318
239, 721
126, 978
172,097
263, 187
142, 441
218, 585
248, 133
111,153
206, 879
242, 286
104, 265
178, 869
273, 41 1 236, 375
113.017 123, 276
212, 934 215, 253
2,651
11,447
1,982
9,803
1,575
6,156
1,470
11,358
633
10, 063
1,147
7,838
205
9,052
1, 237
11,216
1, 146
5,853
2,714
8,137
1, 163
6,346
2,314
5,626
15, 444
19, 958
556
18, 934
44, 185
18, 428
12, 373
16,940
16, 064
671
24, 926
47, 554
16, 584
28, 904
14, 486
12, 629
1,645
15, 435
38, 689
13, 836
21,489
11,565
16, 600
922
25, 810
46, 604
14, 634
29, 182
14, 438
17, 511
575
22, 167
49, 013
17, 207
26, 400
14, 565
18, 564
104
19, 671
49, 338
16, 250
22, 926
13, 213
11, 764
65
21, 228
41, 234
10, 265
21,075
12, 372
20, 092
34
23, 001
52, 616
17, 595
21, 564
11, 424
15,011
41
17, 055
58, 785
17, 226
21, 372
10,273
15, 696
30
23, 479
56, 373
20,531
16, 769
11,318
18,002
87
19, 753
59, 275
21, 305
19, 357
7,780
17, 281
100
16, 186
49, 107
18, 008
13, 591
19, 269
315
50, 133
24, 235
1,127
65, 622
24, 923
455
41,418
21, 936
1,018
58, 047
17, 362
601
41, 049
16,342
1,943
50, 207
22, 033
569
52, 124
20, 927
566
71, 898
26. 257
430
53, 615
19, 333
1,038
70. 308
21, 023
312
50, 476
17, 174
1,636
66, 394
20, 862
194
44, 662
19, 696
2,364
57, 372
22, 546
135
47, 540
22, 144
1,028
71, 503
19, 944
534
51, 284
21, 663
2,314
52, 828
19, 216
422
47, 626
17, 872
1,473
66, 229
21, 861
417
64, 823
24, 853
2,260
71, 284
19,964
354
50, 534
20,381
240
67, 684
r
I, 043. 2
44, 272
164,755
259, 234
237,271
214,162
217,080
234,082
238,033
259,538
239, 600
263, 128
248, 111
242, 030
273. 283
236, 257
301,215
Latin American Republics, total©
do
9,004
Argentina
_ do__ _
53, 690
Brazil
do
29, 276
Chile
._
do
Colombia
.
do . 30, 500
21, 366
Cuba
._
__ do _ _
33, 909
Mexico _ _ __
do
70, 175
Venezuela
do
357,465
13, 106
73, 560
21, 797
35, 424
41, 550
43, 841
73, 081
334,245
11,532
78 472
15, 026
35, 517
35, 161
39, 843
68, 939
332,199
14, 532
63 566
17,123
25, 393
45, 852
36, 959
80, 468
322,887
12,008
49, 079
24, 849
30, 619
40, 821
36, 451
84, 887
311,947
11,871
46, 181
13, 934
24, 521
47, 645
36, 978
86, 630
271, 793
13, 465
39,411
14, 664
16,831
41, 684
33, 924
70, 397
329, 139
10, 301
42, 174
17, 668
47, 987
51, 710
33, 817
79, 144
290, 304
8,081
42, 570
14, 595
43, 161
41,077
26, 794
74, 602
261, 141
8,006
48, 610
11, 364
24, 725
43, 858
28, 002
65, 598
297, 372
8,846
64 117
14, 659
26 478
37, 354
31, 622
72 094
305, 809
7,593
67 744
15, 271
38 210
31, 892
34, 276
63 515
Imports for consumption, total
mil. of dol__
By economic classes:
Crude materials
thous. of dol__
Crude foodstuffs
_ _ __ _
do
Manufactured foodstuffs and beverages
do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products, total©..
do
Cocoa (cacao) beans, incl. shells
do _..
Coffee
do
Hides and skins
__ _ _
do
Rubber, crude, including guayule
_.. do
Sugar _
do
Wool and mohair, unmanufactured
do _
Nonagricultural products, total©do
Furs and manufactures
„
do
Nonferrous ores, metals, and manufactures,
total©
-thous. of dol _
Copper, incl. ore and manufactures ._ _ do
Tin, including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products _
do
1,052.3
1,105.4
1,002.7
1,126.8
1,086.9
1,090.9
979.4
1, 138. 2
1, 044. 4
1, 009. 8 1, 152. 3
1,037.3
260,357
168,354
82, 244
268,055
273,308
253,400
200,526
102, 948
264,369
284,179
228,688
206,841
88, 288
230,938
247,958
264,822
176,705
113,949
267,452
303,860
259,334
152, 103
108, 788
259,456
307,177
268,749
147,174
112,237
258,900
303,877
248, 082
126,001
98, 752
233, 271
273, 251
289, 950
166, 403
114, 137
247, 520
320, 209
281, 392
139, 414
105, 838
233, 705
284, 091
278, 863
126, 579
103, 794
219, 720
280, 808
295, 680
161, 277
119, 873
244 967
330. 455
243, 503
192, 087
98, 517
217 739
285, 494
309,208
11,516
116,723
4,105
36, 247
18, 587
15, 258
377,708
20, 179
141,861
4,242
29, 616
44, 067
25,016
354,968
8,745
163,386
3,590
24, 976
38,603
23, 463
357,045
14, 256
119,766
5,342
27, 963
45, 610
23, 328
329,955
8,347
106, 302
4,928
38, 240
41 , 903
19, 383
311,321
7,752
96, 984
4,442
31, 269
42, 814
15,357
259, 789
13,307
78, 299
4,363
18, 868
41, 228
14, 866
322, 718
12, 474
109, 415
2,887
28, 289
48,871
15, 522
297, 400
4,854
97 339
4,578
30, 831
41 638
17, 523
288, 544
5,337
81 227
4 109
28, 341
37 023
18, 757
328, 892
7,092
103 161
3 973
32. 117
33 825
14, 674
331, 374
7,907
131 996
3 101
27 573
22 772
11,877
743,110
11,627
727,715
10, 523
647,745
8,932
769,744
9,125
756,903
5,581
779,615
7,562
719, 568
5,524
815, 501
4,928
747, 041
4,040
721, 219
5,850
823 359
4.132
705 966
3,324
136,818
45, 968
14, 548
25, 545
56 915
113,892
129,800
47, 499
10, 830
26, 126
55, 072
118,510
104,835
37, 246
8,956
27, 759
52 936
113,908
125,726
39, 976
11, 531
26, 013
53 689
132,113
120,803
37, 499
9.610
24, 133
57, 970
128,628
122,082
31, 843
13, 475
25, 959
57 139
133,469
109, 426
26, 698
7,979
24, 066
52, 791
120, 796
106, 246
30, 528
14, 646
25, 844
62, 950
145, 780
100, 756
26, 395
11,034
28 788
51 045
139 998
101, 360
23, 484
11,619
26 963
52 523
117 191
107, 262
29 443
8.849
32 453
59 576
135 206
103, 227
26 055
8 269
26 506
50 993
119 878
Revised.
» Preliminary.
$See similar note on p. S-21.
ISee similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
©Includes data not shown separately.
§Excludes "special category, type 1" exports.
394, 190
94, 977
28, 610
104, 478
22,320
39,366
1,445.2
Northern North America
do
Southern North America. __ _
do
South America
do
By leading countries:
Africa:
Egypt do
Union of South Africa
do
Asia and Oceania:
Australia, including New Guinea
. . do
British Malaya
__
do
China, including Manchuria
do
India and Pakistan
do
Japan
_
_ _
do
Indonesia
do
Republic of the Philippines
_ _ _
do
Europe:
France
-._ _
do___
East Germany
do
West Germany
__do
Italy _ _ _ _ _ _ _
do
Union of Soviet Socialist Republics
do_ __
United Kingdom.
_
_ _ _ do _
North and South America:
Canada..
do. _
r
1, 626. 2
258, 836 248, 863 252, 126
102, 333 1DO, 568 105, 201
99,880
87, 675
94, 899
232, 683 224, 477 208, 486
970, 047 1,005,042 960, 505
153,163
117,111
61, 726
122,558
Nonagricultural products, total©
_ mil. of dol
Automobiles, parts, and accessories
thous. of dol
Chemicals and related products §
do
Coal and related fuels
_ do
Iron and steel-mill products
do
Machinerv, total 5©
Agricultural
Tractors, parts, and accessories
Electrical
Metalworking§
_
Other industrial
2,131 5
1 9883
357 031
135,150
141,997
325,950
1,028 122
January
SUEVEY OF CURRENT BUSINESS
February 1058
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
S-23
1957
January
February
March
April
May
June
1958
July
October NovemAugust September
ber
December
January
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Operations on scheduled airlines:
Miles flown revenue
thousands
Express and freight ton-miles
flown
do
Mail ton-miles
flown
do
Passengers originated, revenue
do
Passenger-miles flown revenue
millions
54, 232
23, 344
10, 482
2,916
1, 765
56, 255
20, 430
7,865
3, 045
1,896
51, 682
18, 272
7, 397
2,808
1,702
59, 224
20, 930
8,242
3, 326
2,006
57, 716
20, 390
8.125
3,370
2,008
59, 863
23. 609
8, 356
3, 433
2,016
59, 655
22, 396
7,628
3,707
2,333
62, 058
21, 969
7. 552
3.525
2, 253
63, 562
23, 651
7,749
3.741
2, 349
60,708
23, 008
7, 220
3, 446
2, 100
61, 398
24, 081
8,215
3,483
2, 015
57, 523
20, 686
7,762
3,114
1, 790
thous. of dol
do —
41, 024
15,393
31,391
9,758
30, 125
9,019
33, 445
11,823
29, 827
9, 347
22, 506
4,939
22. 215
6, 236
24, 405
7,278
30, 770
11,351
31, 961
11, 192
34, 039
12, 779
31,469
9,535
_cents-millions
mil. of dol-
15. 6
'742
124.4
15.7
728
119.3
15.7
668
110.6
15.7
732
117.6
15.8
730
120.2
15.8
743
120.3
15.8
661
108.8
15.8
648
111.9
15.9
646
111.2
15.9
663
104. 5
16.0
709
114. 3
16.0
675
112.4
16.1
701
Express Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares, average cash rate©
Pi^sengers carried revenue
Operating revenues
Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
881
Number of reporting carriers
955 411
Operating revenues total
thous of dol
935, 317
Expenses, total
do
Revenue freight carried
thous. of tons.. 60, 661
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues total
thous of dol
Expenses total
do
Revenue passengers carried
thousands. .
149
94, 415
88, 359
69, 084
848
924 470
892, 707
59, 397
837
938, 036
891, 633
57, 250
837
980, 490
933, 027
59, 411
150
148
105, 167
94, 973
68, 308
150
125 552
103, 380
72, 094
84 767
86, 039
63, 154
Class I Railways
Freight carloadings (A. A. R.):cf
Total cars
Coal
- - - _
Coke
Forest products
- - thousands .
do
- - do
do
2, 641
532
52
149
2, 565
528
52
155
2,616
521
55
154
3,446
691
66
203
2,696
525
49
157
2,888
532
45
159
3,631
680
52
203
2,707
405
41
149
3,736
683
55
209
2, 851
544
41
149
2,920
543
40
148
3,223
635
47
175
2. 221
461
33
132
2,164
457
28
136
Grain and grain products
do
Livestock
- - do
Ore
- - - do-__
Merchandise, 1 c 1
do
Miscellaneous
do
Freight carloadings (Federal Reserve indexes) :
Total, unadjusted
1935-39=100-Coal
do _Coke
do
Forest products
do
195
24
118
205
1, 365
201
24
81
200
],324
202
21
83
217
1, 364
264
28
119
290
1,784
192
22
151
225
1,375
191
23
321
220
1,396
236
23
441
264
1,731
251
20
363
201
1,277
278
29
437
275
1,770
182
35
323
217
1,361
211
49
289
220
1,419
254
47
191
249
1,626
213
21
64
173
1, 123
208
21
63
166
1,086
121
114
170
127
117
112
171
128
116
109
173
128
120
114
166
131
117
108
153
127
122
110
142
129
124
114
132
134
118
90
136
127
126
113
139
135
125
117
134
125
123
112
125
121
114
108
121
116
102
99
107
112
99
97
92
115
do
do
- do __do
do __
143
46
110
34
135
147
44
72
33
130
144
38
77
35
130
148
40
82
37
134
135
40
142
35
130
134
40
290
35
131
136
33
313
34
133
183
36
331
33
126
155
42
305
35
134
135
65
295
36
134
147
89
245
35
134
148
65
127
32
126
155
39
59
28
110
152
38
56
28
106
. _ . do _ _ _
do
- do _ do
133
114
162
142
130
112
163
143
127
109
163
134
130
114
165
131
120
108
156
127
119
110
143
124
119
114
135
129
113
90
140
126
121
113
145
129
115
117
136
116
114
112
127
115
112
108
121
118
110
99
102
125
109
97
87
128
Grain and grain products
do
Livestock
_ _ _ _ _do___
Ore
do
Merchandise, 1 c. 1
_ _ _ _ do_._
Miscellaneous
do
Freight-car surplus and shortage, daily average:
Car surplus, total 9
number-Boxcars
do
Gondolas and open hoppers
do
152
48
354
35
143
147
46
290
35
142
147
47
307
36
138
160
51
283
36
141
153
45
188
35
132
153
44
188
35
130
133
43
202
34
129
152
43
207
33
125
143
44
203
35
133
120
49
196
34
124
147
57
152
33
123
151
52
152
32
121
165
41
192
30
117
152
40
222
29
116
6, 637
1 052
191
13, 331
5 776
326
8,329
3,274
374
6,428
2,331
543
' 8, 575 16, 339
' 3, 154
8, 915
204
388
24, 248
16, 797
240
20, 437
9,285
4,278
12, 781
5,913
133
19, 965
9,275
2,376
54, 072
18, 237
23, 057
105, 263
35, 032
52, 482
3,507
1,024
2,408
1,646
-535
'992
2,406
1,272
989
1,851
1,118
619
' 1, 181
'326
694
889
134
662
1,773
117
1,517
1,608
672
859
2,798
683
2,015
1,626
418
1, 162
1, 480
518
903
245
127
92
29
23
0
46
18
1
871.0
720.6
71.3
689.3
855.6
724.9
65.8
688. 6
815. 5
695. 9
57.6
643.3
903.6
776.9
58.0
690.1
886.1
758.8
59.7
690.4
906.5
780.5
59.7
713.6
867.9
735.2
67.8
685. 8
872.7
734. 6
71.2
695.5
929.9
788.8
68.8
701.3
873.0
747.2
56. 4
673. 1
927.3
800.2
52.5
697.6
829.9
710.3
52.9
666.0
95.9
85.8
95.4
108.7
58.3
43.1
106.4
65.7
47.0
123.6
89.9
71.2
114. 5
81.2
60.6
112.2
80.8
64.5
108.1
74.0
57.3
108.6
68.5
48.2
132.2
96.4
79.5
115.7
84.2
63.7
130.1
99.6
79.8
99.7
64.2
45.2
54, 108
1.368
51, 591
1.452
49, 405
1.448
56, 977
1.413
52, 962
1.463
2,068
56, 590
1.424
2,040
54, 477
1.396
2,421
51, 624
1.466
2, 626
57, 999
1 405
2,537
53, 162
1.443
1,997
55, 629
1.473
1,821
50, 192
14, 072
10, 727
3,345
15, 202
11, 423
3,779
14, 597
11, 200
3, 397
14, 811
11,357
3, 454
15, 629
12, 229
3,400
13, 552
10, 905
2,647
4,397
975
4,586
1,282
4,522
1,233
4,441
1,087
4,334
1,040
3,955
983
4,305
929
3,994
832
Grain and grain products
Livestock
Ore
Merchandise 1 c 1
Miscellaneous
Total seasonally adjusted
Coal
*
Coke
Forest products
Car shortage total 9
Boxcars
Gondolas and open hoppers
Financial operations:
-
_
-
do
do
_ _ do.__
Freieht
do
Passenger
do
Operating expenses
do
Tax accruals, joint facility and equipment rents
mil. of doL.
Net railway operating income
do
Net in comet
do
Operating results:
Freight carried 1 mile
mil of ton-miles
p
2,012
O-A -c ra ipr) 1 mile revenue
millions
2, 601
1,981
2,347
Waterway Traffic
Clearances, vessels in foreign trade:
11,779
12, 620
10, 849
13, 229
Total TJ S ports
thous of net tons
9,310
8,555
10, 261
9,888
Foreign vessels
do
2,968
2,732
2,469
2,294
United States vessels
do
Panama Canal:
4,253
3,897
4,813
4,608
Total
thous of long tons
1,229
1.200
959
930
In United States vessels
do
r
Revised.
©Revisions for January-October 1956 are shown in the January 1958 SURVEY.
cf Data for March, June, August, and November 1957 cover 5 weeks; other months, 4 weeks.
9 Includes data not shown separately.
^Revision for November 1956, $68,500,000.
12, 749 ' 19, 886
6,829 '11,756
068
84
SUEVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
February 1058
1958
1957
January
February
March
April
May
June
July
DecemOctober Novem1 August September
ber
ber
1
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
percent of total
Restaurant sales index
same month 1929=100
Foreign travel:
U. S citizens: Arrivals
number
Departures
do
Aliens: Arrivals
_
_ do
Departures
do
Passports issued and renewed
do
National parks, visitors
thousands
Pullman Co.:
Revenue passenger -miles
millions
Passenger revenues
thous of dol
7.53
57
241
7.91
72
262
8.07
74
270
7.88
71
^53
8.43
73
268
7.84
73
312
8 39
72
289
7 93
63
252
8.79
68
270
8.58
71
271
9.01
77
272
8.81
67
262
7.98
54
241
85, 987
90, 272
69, 458
50, 458
23,r 001
339
86, 989
95, 826
76, 052
35, 271
39, 245
302
91,217
104,618
63, 306
34, 484
49, 970
364
109, 421
116,920
87,010
45, 942
69. 146
480
103, 026
115, 179
85, 423
45, 465
76, 301
726
105, 765
1 37, 790
83, 063
53, 495
82, 755
1 183
125, 338
179, 341
88, 791
58, 367
57, 208
3 127
149, 640
175 608
85, 261
60 425
51,892
5 033
186, 508
144, 292
95, 866
61,642
42, 320
5 076
157, 049
115,945
102.092
64, 213
32, 089
2,227
119, 148
95, 909
93, 952
81, 104
68, 036
67, 926
30, 387
1.073
26, 262
430
28, 419
342
521
7,397
589
8,979
524
7,989
506
7,711
459
7,001
416
6 342
469
7 124
430
6 536
428
6 496
386
5 870
399
6 062
364
5,522
536, 491
304, 385
185, 135
348, 942
78, 940
52, 475
538, 572
307, 397
184, 278
353, 586
74, 122
52, 897
520, 662
303, 413
170, 471
332, 369
76, 025
53,156
539, 632
306, 349
186, 255
355, 372
75, 788
53, 431
548, 780
311, 431
189, 272
362, 395
75, 815
53, 741
556, 390
312. 830
195,422
370, 365
75, 664
54,005
546, 793
312,606
185, 727
356, 435
78, 339
54, 201
556, 214
311,922
194,478
378, 526
72 385
54, 444
562, 223
313, 230
199 107
367, 918
80, 707
54, 677
547, 338
315, 464
181, 062
354, 793
80, 111
54,923
573, 410
325, 268
197, 052
381, 304
80, 690
55, 309
564, 297
325, 853
187,067
366, 209
83, 700
55, 536
of dol do
do -
20, 828
18, 135
2.264
20, 680
18, 299
1,371
19, 182
16, 924
1,306
20,600
17, 859
1.763
21, 033
18,317
1,732
21, 699
18,966
1,733
20, 772
18, 123
1, 692
20, 430
18, 943
545
20, 673
18, 535
1,358
20, 435
18, 035
1,572
20. 970
18, 412
1,731
18, 745
17, 533
451
do do_
do
3,094
2.072
728
3,034
2,231
528
2,689
2,249
197
2,879
2, 340
272
2,824
2,313
239
3, 055
2,486
287
2,840
2,381
192
3, 041
2, 548
198
2, 796
2, 463
48
2.840
2,471
92
3,243
2,282
655
2, 995
2,322
389
do
do
do -
3 569
2, 653
814
3.591
2,641
843
3 332
2,443
791
3 501
2,567
833
3 413
2,545
767
3 567
2,622
844
3 345
2,629
609
3 450
2^739
599
3 411
2,' 637
670
3 410
2,684
613
3 600
2,771
718
3 260
2,648
512
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
Operating expenses, before taxes
Net operating income
Phones in service, end of month
thous. of dol
__
do.-.
do
_
__.do_do
thousands
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph :
Operating revenues
.._ _ -thous.
Operating expenses, incl. depreciation
Net operating revenues
_
Ocean -cable:
Operating revenues
Operating expenses, incl. depreciation
Net operating revenues
Radiotelegraph :
Operating revenues
Operating expenses, incl. depreciation
Net operating revenues
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production :J
Ammonia, synthetic anhydrous (commercial)
short tons.. '290,400
92, 793
Calcium carbide (commercial)
do
56, 516
Carbon dioxide, liquid, gas, and solid _
do
r
Chlorine, gas_
_ ...
..do _ _ 341, 485
' 78, 230
Hydrochloric acid (100% HC1) do
Nitric acid (100% HNO 3 )
.
do
Oxygen (high purity)
mil of cu. ft
Phosphoric acid (50% HsPO4)
short tons
Sodium carbonate (soda ash), synthetic (58% Na2O)
short tons..
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH)
.
do
Sodium silicate, soluble silicate glass (anhydrous)
short tons.Sodium sulfate (Glauber's salt and crude salt cake)
short tons_
Sulfuric acid:
Production (100% HsSO-O
thous of short tons
Price, wholesale, 66°, tanks, at works
dol. per short ton
Organic chemicals: cf
Acetic acid (synthetic and natural), production
thous. of lb-_
Acetic anhydride, production
do
Aeetylsalicylic acid (aspirin), production
do
Alcohol, ethyl:
Production
thous. of proof gal
Stocks, end of month, total
do
In industrial alcohol bonded warehouses .do
In denaturing plants
do
Used for denaturation
do
Withdrawn tax-paid
.
_ do .
Alcohol, denatured:
Production
thous. of wine gal__
Consumption (withdrawals)
_
_
_ do
Stocks, end of month..
do_ .
302, 504
89, 275
54, 253
334, 403
78, 852
294, 103
77, 754
53, 435
291, 428
75, 145
320, 733
86, 268
60, 643
326. 599
80, 957
321, 529
87, 443
66, 550
327, 920
76, 241
334, 209
81,098
81,677
342, 813
74, 049
308, 755
74, 752
91, 533
329, 048
73, 214
293, 661
83, 009
102,664
333, 137
75, 785
294, 507
87, 581
98, 972
323, 404
77, 770
290,624
88, 942
78, 071
329, 627
76, 550
322, 557
86, 587
71, 427
338, 297
81,811
310, 535
86,500
60, 075
319, 749
78, 331
320, 994
78, 049
237, 519
2,802
337, 694
231, 148
2,109
351, 157
250, 040
2. 524
380, 992
245, 241
2,502
356, 352
253, 287
2,619
383, 249
212, 616
2,393
331, 083
210, 125
2,414
331, 608
234, 772
2,647
353, 015
217, 441
2,645
373, 648
250, 362
2,797
384, 834
231, 100
2,621
356, 873
341, 132
394, 497 379, 549
' 9, 784 9,285
'375,954 365, 413
376, 731
8,871
321, 922
414,879
9, 642
354, 297
403, 736
9,860
360, 937
400, 698
9,649
378, 190
377, 202
9,341
356, 715
358, 741
6,286
362, 924
391, 615
8,166
354, 015
368, 917
8,544
367, 350
401, 774
8,982
375, 059
404, 143
7,169
361, 583
55, 869
50, 786
54, 466
53, 137
55, 470
48, 497
41, 156
46, 045
53, 867
58, 500
47, 670
' 75, 586 76, 657
'232,105
2,926
-•298,698
r
49, 307
247,025
372, 603
358, 414
69, 546
76, 249
74, 626
73, 093
66, 537
65, 448
65, 552
63, 650
74, 754
72, 709
1,370
1,386
1, 310
1,418
1,382
1,422
1, 309
1,286
1,304
1,318
1,433
1,315
1,292
22.35
22.35
22. 35
22.35
22.35
22. 35
22.35
22.35
22.35
22.35
22.35
22.35
» 22. 35
49, 737
90, 378
1,618
53, 628
85, 428
1,491
41, 227
74, 946
1,512
41, 136
76, 985
1,208
32, 738
64, 305
1,570
38, 895
61, 546
1,473
46, 982
67, 377
1,223
45, 643
67, 140
943
51, 726
76, 886
1,240
50, 725
81, 027
1,569
' 48, 168
84, 238
1,907
47, 259
85, 266
1,774
36, 459
33, 858
25, 533
8,325
35, 059
1,098
36, 322
33, 337
25, 777
7,560
42, 818
943
32, 766
31, 214
23, 869
7,345
33, 326
925
35, 429
29, 418
20, 791
8,626
35, 253
834
33, 631
28, 051
18, 734
9,317
35, 275
736
33, 444
26, 510
17, 530
8,980
33, 501
1,044
31, 755
26, 597
18, 018
8, 579
30, 793
1,071
36, 560
28, 542
19,880
8, 662
35, 910
725
41, 481
28, 908
23, 517
5, 390
37, 551
812
39, 048
26, 043
20, 780
5,263
35, 180
901
41. 109
24 441
20, 360
4,081
41, 087
942
42, 654
27, 775
23,460
4, 315
38, 319
1,163
41, 372
33, 582
29.296
4,287
35, 674
741
18, 899
19, 865
10, 421
23, 053
21,140
12,194
17, 896
18, 370
12, 135
19, 040
20, 365
11, 064
19, 047
19, 886
9,746
18, 133
19, 046
8,181
16, 665
17, 752
5, 978
19, 403
19,005
5, 561
20, 648
21, 534
4, 607
19, 041
18,042
5, 576
22, 218
22, 985
4.978
20, 672
21, 808
3,870
19,290
19, 676
3, 571
8,955
9,796
7,978
9, 603
11,052
10,414
Creosote oil, production
thous. of gal_. 14,267
9,171
10, 895
9,812 ' 10, 244
11, 522
9,311
10,878
11,023
DDT, production
thous. of lb_- 11,201
11,058
11,766
12, 880
9, 306
9,193
8,932
5,702
8,748
8,
306
8,151
6,371
7,416
8,038
7,420
6, 061
Ethvl acetate (85%), production
do
9, 801
6,938
95, 181
93, 089
98, 789 106, 183 109, 117 105, 236 104, 543
97, 156
82, 526
89, 577
98, 873
Ethylene glycol, production
do
93, 383 103, 324 105, 068 123,410
Formaldehyde (37% HCHO), production
do_-_ 107,918 109, 149 105, 976 111,620 105, 163 104, 614 100, 606
Glycerin, refined, all grades:
22, 811
19, 642
19, 624
16, 853
21, 556
17, 918
20, 799
Production
.
_
_ .do
22, 012
21,873
22, 909
21, 770
15,621
16, 641
15, 638
15, 904
15, 345
17. 029
17, 782
16, 026
Consumption
do
18, 692
18, 022
16, 767
51,
018
51,
634
52, 065
53, 629
52, 058
51, 974
55, 095
54, 348
54, 288
55, 452
Stocks, end of month _
_ _ . .do. _
53, 635
Methanol, production:
172
171
186
187
166
201
197
193
165
Natural
thous of gal
101
107
21,312
18, 701
18, 144
20, 503
16, 692
16, 329
14, 108
16, 647
16, 489
18, 000
Synthetic
do
18, 665
27. 242
25, 561
27, 400
30, 226
31, 444
30, 519
24, 240
27, 080
29, 653
Phthalic anhydride, production
thous. of lb__ 27, 093
30,317
r
Revised.
* Preliminary.
9 Includes data not shown separately,
t Re visions for January-November 1956 will be publi shed latei ; revised L955 figure s for phosphoric an d sulfuric acid are a vailable iipon requ est.
cf Data (except for alcohol) are reported on basis of 1 00-percen t content of the spe cified mai «rial unle ss otherw se indicai ed.
307, 687
86,958
' 9, 936
9,017
9,002
106, 358
117, 081
19, 799
16, 211
53, 739
134
17, 747
31, 231
20, 465
14, 470
56,092
January
SURVEY OF CURRENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
S-25
1957
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
368
Consumption (10 States)©
thous. of short tons..
368, 561
E xports, total 9
short tons
Nitrogenous materials
_
do. _ 91, 922
226, 041
Phosphate materials
do
35, 031
Potash materials
_ _ ...
__do
384
391, 541
68, 610
264, 038
42, 660
711
400, 633
91, 201
259, 695
23, 146
1,307
572, 080
136, 510
334, 222
66, 979
1,722
605, 734
117, 457
364, 178
86,548
1,178
547, 058
120, 399
366, 275
27, 059
647
560, 382
81, 768
421,374
45,042
286
545, 081
73, 414
414, 603
37, 482
185
582, 497
87,709
440, 652
26, 145
301
503, 418
57, 439
394, 737
34, 449
411
464, 974
89, 941
327 238
20, 608
334
392, 048
70, 852
264, 064
41, 859
227, 306
Imports, total?
do
158, 937
Yitrogenous materials, total 9
do
Nitrate of soda
_
__do _ _ . 78, 702
10, 218
Phosphate materials
do
39, 842
Potash materials
_
__ _ _ _ d o _ .
Price, wholesale, nitrate of soda, crude, f. o. b. cars,
49.50
Port warehouses __- __ dol. per short ton
167, 168
113,043
30, 483
7,336
20, 606
203, 735
101, 561
21, 213
9,672
53, 485
211, 583
115, 218
23, 566
12, 138
32, 622
260, 485
167, 161
94, 189
9,582
24, 101
214, 395
144, 266
84, 590
10, 103
7,969
181, 884
139, 344
71, 461
7,343
4,145
123, 050
75, 805
26, 160
11, 237
18, 023
181,128
105, 840
36, 049
12,027
40, 859
180, 198
108, 899
36, 449
7,256
35, 839
192, 190
106, 965
21,724
17, 838
41, 720
205, 134
155, 271
88, 290
10 079
22, 839
49.50
49.50
49.50
49.50
48.00
48.00
48.00
48.00
48.00
49.75
P 49. 75
179, 599
162, 814
183, 140
266, 028
269, 417
165, 546
121, 134
90, 904
114, 455
158,612
113,306
160, 852
124, 833
207, 611
414, 207
219, 855
414, 922
216, 022
418, 947
229, 529
322, 033
225, 072
233, 405
211, 784
206, 881
170, 519
271, 568
162, 974
308, 380
170, 834
321, 274
188, 705
339, 729
216, 276
337, 193
205, 821 '210, 792
369, 039 398, 660
494
67,568
546
70, 015
722
67, 094
246
71, 654
223
79, 924
137
82, 235
107
78, 911
210
82, 007
195
80,288
307
86, 887
299
82, 141
352
69, 603
340
68,154
534
3,936
495
3,998
440
4,088
472
4,102
462
4,049
429
4,093
440
4,087
460
4,153
470
4,173
445
4,273
462
4,305
446
4,355
472
4,423
24, 207
15, 780
18, 986
24, 294
21, 537
20,279
28,660
27,676
20, 442
23,806
22, 453
20, 668
23, 619
22, 503
20,469
28, 854
28,510
19,680
23,409
23, 265
17, 364
22,102
23,855
17, 107
25,682
24,260
16,900
23, 377
24, 086
15, 055
23, 046
23, 850
13, 352
25,786
23, 137
13, 901
23,132
17, 763
19, 763
233, 990
128, 562
342, 194
236,928
145, 660
349, 056
239, 230
133, 123
347, 889
215, 198
146, 703
288,052
208, 585
139,888
254, 929
230, 325
143, 522
248, 253
212, 554
130, 684
250,302
211,120
109, 670
253, 161
227, 447
152, 561
247, 307
208, 097
140,566
231, 469
237, 040
155, 053
239, 287
223,282
137, 141
249, 102
211, 279
132, 330
270, 070
12,594
15, 614
102, 609
1,031
13, 626
87, 079
515
14,689
71,646
411
10, 522
59, 407
1,358
11, 570
54, 107
12,280
12, 423
57,332
19, 010
11, 177
66,412
34, 146
12, 161
83,788
25, 742
10, 785
77, 512
22, 958
12, 249
82, 035
23, 743 r >-8,387
10, 642
13, 753
92, 372 ' 89, 110
6,097
12,229
77,906
615
553
647
573
687
501
582
508
501
471
472
455
416
471
436
420
464
464
486
438
661
585
••641
537
599
531
616
410
602
447
596
461
616
463
605
456
597
416
476
367
492
313
462
272
478
242
511
269
'609
'306
675
325
197, 955
35, 709
1,830
33, 879
167, 776
47, 121
2,476
44, 645
145, 263
26, 555
3,182
23, 373
203, 824
50,333
2,034
48, 300
114, 055
39, 417
4,769
34,648
76,550
40, 098
9,855
30, 243
156, 113
32, 615
4,800
27, 814
77,363
37, 181
5,668
31, 512
87,679
39, 481
1,707
37, 774
68,911
39,084
385
38, 699
93, 122
42, 494
1,885
40,609
54,992
39, 887
1,157
38,730
130, 156
Potash deliveries
_
_ _
short tons__
Superphosphate (100% available phosphoric acid):
Production
__ ._ . short tons. _
Stocks, end of month
do
MISCELLANEOUS
Explosives (industrial), shipments:
Black blasting powder
thous. of Ib
High explosives
do _
Sulfur (native):
Production
thous. of long tons
Stocks (producers') , end of month
_. do
FATS, OILS, OILSEEDS, AND BYPRODUCTS
Animal fats and greases: d*
Tallow, edible:
Production}:
_thous. of lb._
Consumption, factory It _
_ do
Stocks (hid refined grades), end of month do
Tallow and grease (except wool), inedible:
Production t
do
Consumption, factory 5 1
-- do
Stocks (excl refined grades) , end of month do
Fish and marine mammal oils:A
Production t
Consumption, factoryt
Stocks end of month
Vegetable oils, oilseeds, and byproducts:
Vegetable oils, total:
Production, crudet
Consumption crude, factoryt
Stocks, end of month.'t
Crude
Refined
.
Exports
Imports, total
Paint oils
All other vegetable oils
do
do
do
mil. of Ib
do
do
do
thous. of Ib
do
__ do
do
361 631
72,221
272 165
7,722
Copra:
25,274
21,887
27, 325
30,277
24, 480
26, 621
27, 222
32, 554
25, 503 32, 627
26,663
27, 503
32, 450
Consumption, factory..
short tons
13, 504
9,824
13, 219
27, 178
15, 065
8,748
12, 354
16, 787
18, 177
20, 235
23, 979
Stocks, end of month
do
36, 483
15, 701 30, 015 22, 787
15, 960
23, 484
25, 686
23, 231
22, 751 39, 410
28, 697
31, 372
Imports
do
Coconut or copra oil:
Production:
32, 604
35, 415
35, 097
41, 574
41,588
28,488
38, 967
31, 114
34, 031
34, 459
41, 069
33, 758 32, 300
Crude
thous. of Ib
34, 364
18, 226
51, 702
28, 776
29, 902
42, 310
36, 211 34, 962
34, 712
33, 108 35, 421
30, 670
29,178
Refined
__ .
_ _ _ do
Consumption, factory:
45, 760
32,816
54, 793
51, 142
54, 162
46, 602
61, 969
55, 205
48, 533
53, 019
76, 573
47, 879
50, 094
Crude
do
24, 595
35,729
31, 098
29,526
32, 532
41, 806
35, 775
33, 266
27,961
28, 906
37, 082
32, 050
37, 400
Refined
_
do
Stocks, end of month:
52,
208
50,849
37,
065
36,
976
40,
881
70,
274
73,
592
62,
803
61,729
56, 840
38,
821
40,
617
57,
866
Crude
_ _
__
do
4,467
15, 739
12, 287
11,913
11, 245
9,259
15, 492
15, 260
13, 065
10, 023
9,027
11, 436
10, 440
Refined
do
14,
460
14,
238
22,
188
5,922
15,
245
16,
329
17,
813
10,
995
12,
378
10,
060
17,
262
19,
690
Imports
- do
Cottonseed:
11
504
238
43
25
932
1,140
101
114
10
925
10
340
Receipt0 at mills
thous of short tons
142
346
646
492
542
610
147
120
224
570
613
400
278
Consumption (crush)
do
418
912
260
1,233
164
1,616
183
320
2,123
1,624
1,176
533
801
Stocks at mills, end of month
do
Cottonseed cake and meal:
71, 002 166, 582 299, 826 280, 242 246, 686
72, 366
58, 531
274, 304 293, 321 238, 857 192, 415 135, 735 112, 023
Production
short tons
187, 819 194, 737 228, 210 263, 956 279, 436 293, 212 287, 779 251, 816 209, 556 209, 213 249, 383 261, 578 246, 341
Stocks at mills end of month
do
Cottonseed oil, crude:
192, 572 207, 691 170, 419 139, 383
48, 393 114, 715 223, 092 203, 699 180, 635
53,599
42, 577
81, 445
99, 742
Production
thous of Ib
64, 027 108, 132 127, 828 124, 341
48, 915 36, 787
178, 477 170, 536 168, 091 142 267 116 696 107, 760
70, 242
Stocks endofmontht
do
Cottonseed oil, refined:
75, 529 130, 973 133, 777 131, 698
65, 405
54, 947 43, 777
74, 543
146, 516 163, 853 132, 848 106, 524
90, 323
Production
do
94, 429 116, 520 109, 610 107, 956
122, 138 131, 666 113, 600 109 669 100, 139 106, 940 105, 878 101, 717 103, 764
Consumption factoryt
do
15, 571 18, 008
15, 619
15, 685
14, 365 15, 048
19, 669
13. 573
28, 825
31, 636
29, 561
26, 119
20, 579
In margarine
do
114
82
95
132
99
205
245
154
288
285
278
237
267
Stocks, end of month t
mil oflb
.195
.180
.195
.185
•P .205
.223
.195
.223
.223
.180
.190
.180
.208
Price wholesale drums (N Y )
dol per Ib
Flaxseed:
1
2 25, 754
48, 009
Production (crop estimate)
thous. of bu
Oil mills:
3,373
2,981
2,069
2,373
2,730
2,239
3,055
1,508
1,561
2,304
2,586
1,500
2,971
Consumption
do
4,662
3,794
2,615
3,707
4,414
2,352
2,777
1,422
4,249
3,516
3,433
1,748
2,066
Stocks end of month
do
3.35
3.40
3.25
3,42
3.40
3.07
3.07
3.16
3.44
3.23
3.17
3.34
3.34
3.40
Price, wholesale, No. 1 (Minneapolis) .dol. per bu__
r
Revised.
f Preliminary.
1
Revised estimate of 1956 crop.
2 December 1 estimate of 1957 crop.
©States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virginia, consumption in that State is as follows (thous. short tons): 1956—July-September, 76; October-December, 79; 1957—January-March, 277; April-June, 323; July-September, 79.
9 Includes data not shown separately.
cf For data on lard, see p. S-29.
tRevisions for 1954-October 1956 for edible tallow and for 1956 for the following indicated series will be published later: Inedible tallow, and fish oils (production and consumption, JanuarySeptember); total vegetable oils (production. January, February, May, and June; consumption and stocks, January-September); crude cottonseed oil stocks, May; refined cottonseed oil
(total consumption and stocks, March-May).
^Consumption figures for edible tallow exclude quantities used in refining; those for inedible tallow, etc., include such quantities.
ABeginning 1955, data may include some refined oils (not formerly included); consumption figures exclude data for cod, cod-liver, and other oils, and stocks include only the quantities of
these oils held by producing firms.
SUEVEY OF CUREENT BUSINESS
S-26
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
February 1958
1957
January
February
March
April
May
June
1958
July
DecemAugust SeptemOctober November
ber
ber
January
CHEMICALS AND ALLIED PRODUCTS—Continued
FATS, OILS, ETC.— Continued
Vegetable oils, oilseeds, and byproducts— Continued
Linseed oil, raw:
Production
- thous. of lb_
Consumption, factory _ do __
Stocks at factory, end of month
do _
Price wholesale (Minneapolis)
dol per Ib
Soybeans:
Production (crop estimate)
thous of bu
Consumption, factory
do
Stocks end of month
do
Soybean oil:
Production:
Crude
thous. cf lb_
Refined
do _._
Consumption, factory, refined!
do
Stocks, end of month:'
Crude
do
Refined $
do
Price, wholesale, refined (N. Y.)
dol. per Ib
Margarine:
Production
thous. of lb_
Stocks (factory and warehouse^ , end of mo
do
Price, wholesale, colored, delivered (eastern U. S.)
dol. per lb_
Shortening:
Production^
__.
_ - thous. of lb_
Stocks, end of month
do _
PAINTS, VARNISH, AND LACQUER
Factory shipments total
thous of dol
Industrial sales
__ _ __
do _ _ _
Trade sales
do
Rosin modifications
Polyester resins _
Polyethylene resins
Miscellaneous. _
__
_ __
_
46, 864
37, 985
111,821
.134
45, 657
33, 825
128, 945
!l33
52, 970
39, 009
144, 223
.131
31, 106
40, 890
135, 446
.127
31, 929
35, 442
123, 646
.127
30, 533
42, 438
69, 912
.127
61, 488
38, 627
71, 442
.127
68, 387
48, 496
73, 249
.133
58, 787
43, 661
72,649
142
52,829
43, 348
64, 345
148
45, 699
35, 696
75 380
149
39, 771
27, 308
89, 258
p 150
1449,446
26, 988
70, 354
28, 420
65, 517
26, 622
56, 332
28. 909
44, 232
27, 328
33, 533
26, 476
24, 678
24, 694
18, 724
24, 354
18, 655
25, 387
12, 778
22, 245
6 370
28, 084
66 741
29 227
80 467
2479 841
28, 417
78 863
289, 736
233, 159
224, 344
305, 156
240, 523
222, 557
287, 218
209, 184
208, 924
313, 006
220, 333
210, 687
298, ?30
213, 476
207, 436
289, 605
217, 495
213, 302
271, 970
238, 089
235, 912
268, 757
211, 177
202, 512
276, 614
241, 083
222, 759
244, 415
210, 216
221, 872
306, 746
252, 453
247 491
313 366
240, 139
231 439
299, 940
248, 735
249 682
140, 996
92, 130
.190
134, 093
103, 973
.200
129, 964
99, 970
.200
150, 434
97, 821
.200
173, 139
97, 212
.185
195, 853
101, 845
.175
180, 480
98, 325
.175
217, 629
98, 925
.175
199, 167
113, 725
.175
182, 123
103 781
.170
194, 319 'f 249, 323 281, 268
110, 813 125, 027 124 738
P. 170
.170
.170
124, 951
27, 584
132, 373
29, 874
121, 685
32, 143
120, 472
34, 814
122, 897
27, 426
116, 196
29, 963
98, 088
28, 855
109, 977
25, 444
116, 812
28, 453
120, 737
27 303
137, 803
29 391
128, 788
32 205
134, 716
26 392
.292
.292
.292
.292
.282
.275
.275
.275
.275
.275
.275
.275
».275
157, 141
122, 047
160, 015
126, 807
144, 252
133, 017
129, 420
138, 595
127, 363
129, 987
150, 741
123, 001
147, 478
130, 125
131, 433
118, 022
160, 503
108, 393
160, 293
112, 674
176, 608
112, 538
168, 555
114, 493
150, 971
120, 337
97, 308
45, 645
51, 663
125, 401
54, 539
70, 862
112, 467
50, 131
62, 336
130, 966
55, 378
75, 588
145, 055
57, 566
87, 489
157, 569
59, 768
97, 801
152, 899
55, 370
97,529
148, 162
55, 244
92, 918
152, 080
57, 600
94, 480
132, 566
50, 863
81, 703
134, 032
56, 169
77 863
113, 689
49, 571
64, 118
95 418
42,464
52, 954
3,724
8,452
317
472
3,491
7,456
377
525
3,292
7.187
429
375
4,253
8,289
379
500
3,823
7,168
357
528
3,658
7,672
412
466
4,094
7,794
270
468
2,872
6,621
233
341
3,580
7,200
318
511
4,186
9098
281
495
3,813
9 663
330
546
3, 653
7,624
339
344
do
do_ __
do
do _ _
do
35, 206
41, 794
21, 370
67, 870
27, 874
41, 373
43, 507
23, 097
67, 096
34, 948
37, 064
46, 097
22, 556
64, 005
29, 980
39, 816
51,041
25, 910
70, 419
31, 879
35, 442
48, 871
24, 217
67, 640
32, 382
39, 251
48, 598
23, 971
71, 363
34, 715
35, 561
43, 309
22, 268
68, 327
32, 120
32, 607
38, 889
18, 057
63, 272
27, 858
37,043
46, 520
23,597
72, 263
29,228
37, 406
48,496
23, 486
72, 238
29 993
45 317
52, 759
25 933
77, 088
32 979
37, 769
47, 738
22,926
71, 535
24,937
do _
. do
do
do. __
10,024
6,139
51, 413
13, 679
10, 848
7,265
52, 394
14, 829
10, 517
7,187
49, 800
13, 080
9,951
8,618
56, 587
15, 428
10, 508
8,961
51, 793
15, 711
11, 749
8,525
56, 170
15, 118
11, 000
8,178
56, 074
14, 900
9,149
7,209
55, 357
14, 428
10, 048
7,336
58, 349
15, 313
10, 442
6,664
60, 184
15, 874
10 991
7,976
62 552
17, 681
9,097
6,589
62,936
16, 046
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
thous. of lbMolding and extrusion materials
do
Nitrocellulose sheets, rods, and tubes
do
Other cellulose plastics
._
__
_ _ _ . do
Phenolic and other tar acid resins
Polystyrene
_ _
Urea and melamine resins
Vinyl resins
_ _
Alkyd resins
59, 889
38, 212
115, 981
.136
r
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), totalj
mil of kw.-hr_
Electric utilities, total
_ _ __ __ __ . d o __
By fuels
do
By water power
_ _ _.
do __
52, 898
42, 896
10,003
62, 938
55,503
45, 311
10, 192
55, 374
48, 666
38, 687
9,979
59,765
52, 447
41, 008
11, 439
57, 702
50, 669
38, 622
12, 047
58, 909
51, 699
39, 900
11, 800
58, 990
52, 053
40, 873
11, 180
61,191
54, 348
43, 534
10, 814
62, 649
55, 449
45, 416
10, 033
58, 335
51, 573
42, 291
9,282
60, 297
53, 157
43 116
10 041
58, 667
51, 788
40, 886
10,902
60,888
54 029
41 597
12 432
43, 104
9,794
45, 083
10, 420
39, 779
8,887
42, 349
10, 098
40, 641
10, 028
41, 190
10, 509
41, 590
10, 463
43, 532
10, 816
44, 585
10, 863
41, 742
9,831
42 956
10, 201
41, 651
10, 137
43 653
10, 376
7,259
6,982
277
7,435
7, 154
281
6,708
6,443
266
7, 318
7,005
313
7,033
6,724
310
7,210
6,917
293
6,937
6,678
259
6,843
6,628
215
7,200
6,999
201
6,762
6,559
203
7 140
6 918
222
6,879
6 631
249
6,860
6 568
291
_do _
46, 092
47, 693
46, 217
46, 167
45, 671
45, 353
45, 613
46, 349
47, 976
47, 549
46, 304
46, 042 p 47, 275
do _
do
7,428
23, 604
7,640
23, 795
7,583
22, 640
7,440
23, 509
7,324
23, 679
7,440
23, 996
7, 935
23, 815
8,586
23, 068
8, 839
24 026
8 680
24 010
7,969
24, 120
7,782
23 357
Railways and railroads
do
389
12, 424
Residential or domestic
do
764
Rural (distinct rural rates) . ___ _
do
483
Street and highway lighting
do
946
Other public authorities _
_
do __
54
Interdepartmental
do
Revenue from sales to ultimate customers (Edison
756, 811
Electric Institute) t
thous of dol
GAS
Manufactured and mixed gas (quarterly):^
3,359
Customers, end of quarter, total
thousands
3,138
Residential (incl. house-heating)
_
do _
219
Industrial and commercial
do
412
13, 561
784
487
973
39
373
13, 389
758
440
989
45
379
12, 618
773
429
965
54
361
11, 970
922
393
969
53
235
11,310
903
370
949
51
312
11, 205
985
348
958
56
316
11, 709
1, 258
357
995
60
322
11,996
1,339
388
1,007
59
315
11, 897
1,189
415
987
56
326
11, 493
908
457
988
42
331
12, 322 P13 675
741
491
982
36
784, 979
775, 742
762, 232
751, 690
746, 672
758, 054
777, 509
796, 383
793, 554
771, 174
Privately and municipally owned utilities do
Other producers (publicly owned)
_do__
Industrial establishments, total _
By fuels
By waterpower
_
_ __
Sales to ultimate customers, total (EEI) J
Commercial and industrial:
Small light and power
_
Large light and power
_
do
do
do
60, 157
3,314
3,093
219
3,282
3,064
216
885
572
526
Sales to consumers total
mil of therms
366
688
410
Residential (incl house-heating)
do
151
190
156
Industrial and commercial
do
Revenue from sales to consumers, total
81,724
115, 093
75, 580
thous. of doL
91,938
57, 581
62, 948
Residential (incl house-heating)
do
22,550
18, 324
17, 467
Industrial and commercial
do
r
Revised.
» Preliminary.
* Revised estimate of 1956 crop.
* December 1 estimate of 1957 crop.
t Revisions for 1956 will be published later for indicated series as follows: Soybean oil (consumption and refined stocks, March-May; crude
electric-power production, January-October; electric-power sales and revenue, February-November.
cf Totals include data not shown separately. Revisions for 1st and 2d quarters of 1956 are available upon request.
v 7, 990
P23 000
773, 480
3,208
2.996
210
302
179
115
48,503
34, 922
13,132
stocks, April); shortening production, March;
S-27
SURVEY OF CURRENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
Decem-
ber
1958
1957
January
Febru-
ary
March
May
April
June
July
DecemOctober NovemAugust September
ber
ber
Janu-
ary
ELECTRIC POWER AND GAS—Continued
GAS— Continued
Natural gas (quarterly) :d"
Customers, end of quarter, total
.
Residential (incl. house-heating)
Industrial and commercial
thousands
do
do
26, 567
24, 441
2,107
26, 745
24, 624
2,092
26, 705
24 637
2,040
26* 815
24 778
2,OQ9
mil. of therms
do
do
17, 654
5, 544
11, 345
23, 052
10, 308
11, 826
16, 898
5 125
11,030
14, 223
2 055
11, 296
Revenue from sales to consumers, total thous. of dol
Residential (incl house-heating)
do
Industrial and commercial
_ _ _ _ do
883, 299
486, 445
376, 492
1, 290, 577
S97, 558
437, 858
851, 014
466, 161
365, 489
602, 220
241, 943
339, 062
Sales to consumers, total
Residential (incl house>-heatiiig)
Industrial and commercial
FOODSTUFFS AND TOBACCO
ALCOHOLIC BEVERAGES
Beer:
6,123
Production
thous. of bbl
6,129
Taxable withdrawals
__do _ _ _
8,768
Stocks, end of month
do
Distilled spirits:
17, 852
Production
_ thous. of tax gal
Consumption, apparent, for beverage purposes
25, 159
thous. of wine gal
11,989
Tax-paid withdrawals
thous of tax gal
832, 439
Stocks, end of month
do
2 889
Imports
thous of proof gal
Whisky:
10, 122
Production
thous of tax gal
6,334
Tax-paid withdrawals
do
726, 562
Stocks, end of month
_
_
_- do
2,627
Imports
thous. of proof gal
Rectified spirits and wines, production, total 9
6,768
thous of proof gal
5,675
Whisky
do
Wines and distilling materials:
Effervescent wines:
162
Production
thous of wine gal
261
Taxable withdrawals
do
1,418
Stocks, end of month
^_ do __
114
Imports
-do
Still wines:
3,912
Production
_
_
do
Taxable withdrawals
,_,
do_,._ 11,953
198, 721
Stocks, end of month
do
765
Imports
do
6,075
Distilling materials produced at wineries
do
6,866
5, 689
9,552
5,912
5,570
9,558
7,611
6,439
10,261
8,081
6,992
10, 931
9,007
8,201
11,211
9,011
8,247
11, 478
19, 982
18, 105
18, 902
19, 033
19, 307
14, 375
9,661
838, 623
1,482
15, 936
10, 805
842, 059
1,606
16, 897
12, 420
845, 407
1,973
15, 264
11,190
850, 996
1 965
1 7, 868
12, 234
853, 437
2,277
11, 429
5,125
730, 569
1,265
11, 243
6,139
732, 777
1,438
12, 151
6,626
735, 536
1,733
12 500
5,432
740, 710
1,782
4,677
3,622
4,607
3,675
5,137
4,016
5,238
4,170
206
129
1,477
41
2,923
10, 872
190, 095
585
251
101
1,611
36
2,218
10, 220
180, 012
8,354
8,482
10,805
6,838
6, 884
10, 333
6,769
6,517
10, 135
5,247
5,723
9,337
14, 063
8,478
11. 002
23, 650
34, 060
21, 866
16,443
12,887
853,012
1 936
15, 121
10, 316
848, 118
2 211
16, 994
11 568
845, 122
1 942
16, 047
13, 786
842, 191
2,579
20, 821
* 19, 463
838, 122
3,532
22, 052
16, 014
836, 771
3,644
10, 776
6,211
742, 045
2,056
8 067
6,404
742, 872
1, 739
4 048
4,177
741, 197
2,025
5 262
5,482
739, 048
1,740
8 214
7,604
736, 320
2,332
12, 189
10, 283
734, 308
3,159
11, 743
9,170
733, 948
3,310
5,614
4,382
6,914
5,615
5,332
4,171
5,611
4,219
7,227
5,918
10, 532
9,023
8,931
7,553
155
105
172
184
2,007
59
1,892
1,722
1,609
12, 774
12, 476
203, 882
3,727
12, 332
190, 765
205
134
226
160
237
183
1,665
1,713
1,755
44
50
5,952
6,420
8,495
9,803
9,191
11, 469
67
2,630
12, 485
170, 636
2,139
11,893
159, 627
1,540
1,871
649
912
1,907
11, 295
149, 615
187
276
178
329
218
308
50
36
336
155
2,039
49
1,984
10,421
138, 034
1,049
9, 248
130, 148
4,132
10, 8,88
122, 608
42,227
13, 680
149, 569
69, 443
15, 355
206, 200
1,332
1,192
10, 566
97, 449
123, 025
25, 263
5,054
282
173
1,840
621
1,877
457
509
620
96
848
104
813
3 954
465
3,949
116,075
28, 855
.604
110,015
31, 946
.606
125, 675
40, 915
.604
133, 450
61, 996
.604
159, 085
95, 998
.602
149, 400
147,013
.601
127, 180
176, 061
.601
108, 955
171, 815
.607
91, 265
145, 262
.624
100, 540
126, 921
.614
93, 770
109, 373
.607
106, 330
«- 87, 312
,609
100, 555
67, 580
96, 665
66, 670
115, 610
82,160
130, 705
95, 660
162, 510
126, 505
159, 580 * 137, 160
124, 990 r 105, 135
118, 535
89, 155
101, 035
72, 835
99,580
68, 810
89, 180
59, 180
97, 670
64, 625
441, 082
401, 079
5,598
419, 992
379, 637
5,038
390, 308
349, 441
3,188
388, 631
346, 277
4,989
391, 289
345, 421
4,325
424, 917
381, 146
3,953
466, 136
419, 583
4,202
495, 063
449, 472
2,850
507, 286
460, 860
3,208
497, 486
453, 093
3,214
464. 570
425, 655
5,144
.390
390
.390
.390
390
.390
.388
.388
.388
.391
.392
.392
.396
7,593
154, 295
7, 350
163 250
8,275
169, 700
6,380
212, 450
6,350
249, 000
4,250
312, 000
3,650
278, 000
6,050
244, 250
4,500
216, 500
3,950
170, 900
4,475
162, 500
3,300
137, 200
3,350
143, 500
do
9 649
224, 025
9 117
156, 420
9 559
123, 616
8 925
83, 361
9 172
153, 950
9 547
244, 478
9 416
368, 927
8 406
421, 706
7 572
438, 820
7 533
428, 868
6 634
379, 839
6 469
262, 925
5 834
202, 197
do
do
5 054
20, 211
5 129
15,847
2 888
9,200
7 270
15, 064
4 802
7,861
2,536
13, 034
1 444
16, 306
3,153
12, 149
3,350
19, 897
1,712
15, 762
2,504
16, 375
1,513
10, 854
1, 568
12, 038
598
653
DAIRY PRODUCTS
Butter, creamery:
103,191
Production (factory) J
thous. of lb
Stocks, cold storage, end of month
,
.,do-.__ 25, 103
.614
Price, wholesale, 92-score (New York).__dol. per lb_.
Cheese:
96, 570
Production (factory), total J
thous of lb
Amprif^vn, whole rnilkj
do
62, 786
Stocks, cold storage, end of month, total
do
Anip.rip.?vn wholo, jnilk
do
Imports
do
Price, wholesale, American, single daisies (Chicago)
dol per lb
Condensed and evaporated milk:
Production, case goods :t
Condensed (sweetened)
thous of lb
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of month:
Evaporated (unsweetened)
Exports:
Condensed (sweetened)
Evaporated (unsweetened)
Price, wholesale, U. S. average:
Evaporated (unsweetened)
Fluid milk:
Production
Utilization in mfd dairy products
Price, wholesale, U. S. average
Dry milk:
Production :t
435, 950 ••410,524
399, 524
4,892
r
dol per case
5 93
5 93
5 93
5 95
6 05
6 06
6 05
6.06
6.06
6.06
6.06
6.08
6.14
mil. of lb-_
do
_dol. per 100 lb_
9,227
3,450
4.52
9,697
3,791
4.44
9,464
3,618
4.34
10, 961
4,213
4.19
11,428
4,647
3,99
13, 122
5,593
3.85
12,633
5,312
3.83
11, 692
4,593
3.99
10, 794
3,929
4.16
9,611
3,307
4.40
9,412
3,454
4.56
8,783
3,148
4.62
9,384
3,510
'4.61
9 117
119, 188
7 900
130, 650
6 500
128, 400
7 000
153, 600
8 600
171, 800
10 900
215, 700
10 100
200, 200
8 700
151, 500
7 000
119, 200
6 700
89, 400
8,200
100, 460
7 300
104, 200
8 400
127, 700
10,757
69 461
10, 384
65 623
10, 450
63 308
9,430
69 029
9,919
80 493
11,926
119 757
13, 374
144 368
13. 792
133 496
12, 783
113, 910
11, 061
93, 573
11, 582
81, 114
10, 946
72, 362
8,854
74, 480
2 776
42, 700
4 418
9,136
3,071
7,645
3,607
12, 552
4, 858
24, 418
3,940
18,290
3,183
25,686
4,561
18, 989
5, 168
24, 192
2, 681
29,588
3, 606
30, 260
3, 722
28, 929
5,350
11,203
152
153
152
153
154
153
.152
.153
.153
.152
Nonfat dry milk solids (human food)
Stocks, manufacturers', end of month:
Dry wl)f>lf>, Tnilk
do
do
Exports:
Dry whole milk
do
Nonfat dry milk solids (human food)
do
Price, wholesale, nonfat dry milk solids (human
food) TJ S average
dol per lb
i
153
i
r
. 154
86,117
.604
383,800
9,800
P4.38
.154
' Revised.
» Preliminary.
c^Totals include data not shown separately. Revisions for 1st and 2d quarters of 1956 are available upon request.
9 Data beginning July 1956 exclude production of wines and vermouth; for July 1955-June 1956, such production totaled 183,000 gal.
tRe visions for the indicated items and for the periods specified are available upon request as follows: Butter, cheese (total and American), dry whole milk, and nonfat dry milk solidsJanuary 1955-September 1956; condensed milk and evaporated milk—January-September 1956.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1957
1956
December
February 1958
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
FOODSTUFFS AND TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
thous. of bu i 100,623
1,811
Shipments, carlot
__ .no. of carloads _
Stocks, cold storage, end of month
thous. of bu._ 26, 578
131
229
48
340
803
12, 215
3,406
48, 634
2,765
45, 621
6,966
5,483
4,176
4,437
6,411
375, 067
567, 775
657, 296
498, 120
504, 187
726, 872
550, 700
445, 713
873, 685
566, 388
398, 485
984, 765
545, 092
337, 273
993, 230
522, 747
274, 368
957, 089
18, 443
19, 971
10, 797
9,417
9, 536
12, 324
3.540
3.930
3. 658
3.328
3.841
3.290
1,592
12, 765
2,061
7,128
1,804
3,246
1,005
1,045
257
384
7,492
6, 579
9,718
Citrus fruits carlot shipments
no of carloads
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
450, 562 422, 805 379, 474
Fruits
thous. of Ib
294, 282 388, 388 464,337
Fruit juices and purees.
_ _
do
857, 942 787, 218 721,613
Vegetables
do
Potatoes, white:
1
243,716
Production (crop estimate)
thous of cwt
15, 687
Shipments, carlot
_ _ _ _ _no. of carloads. _ 12,333 15, 524
Price., wholseale, U. S. No. 1 (New York)
3.620
3.533
dol. per 100 lb- 3.075
7,819
7,783
9,564
8,484
341,520
492, 287
665, 354
292, 185
505, 397
655, 695
272, 005
562, 221
625, 384
19, 819
17,712
3.480
1,595
19, 814
2117,308
' 3, 197
3,208
' 37, 368 25, 325
' 8, 441
6,980
494, 275
288, 625
881, 717
444, 279
364, 329
783, 745
13, 089
236,268
' 13, 322
16, 596
3, 708
'3.350
^3.288
64,199
2
GRAIN AND GRAIN PRODUCTS
73, 833
67, 010
66,226
72, 528
69, 143
58, 456
72,209
49, 127
59, 843
49, 873
57,077
60,335
do
do
1376,873
12, 195
10, 537
8,344
10,760
8,340
8,263
15, 480
15, 403
22,973
11, 809
13, 818
12, 357
do
do
do
40, 122
' 161, 898
3,011
37,661
36, 062
25,343
22,224
44, 894
39, 203
3,576
6,052
4,458
44, 855
'275,531
3,305
3,820
41, 471
3,675
31, 253
3 41, 546
3,569
40,120
3,386
30, 111
104, 052
5,530
6,821
1.278
1.237
1.261
1.206
1.268
1.219
1.263
1.205
1.238
1.188
1.131
1.036
1.139
1.055
1.176
1.115
1.228
1.160
1.264
1.197
10, 874
49,429
11,313
60,072
11,133
47, 066
12, 023
32, 770
11,473
17,203
11, 661
17, 375
12,321
21, 525
11, 716
16, 864
12,952
20,520
11,682
26,913
102, 650 '126,955
1,615.1
16,024
12, 514
151,613
157, 821
128,029
105,664
18, 643
15, 141
20,530
107, 362
2, 457. 5
22,360
112, 728
10, 549
120, 317
' s 419. 6
13, 867
110, 211
14, 124
153, 642
1, 118. 4
10, 198
139,360
12, 313
1.148
1.032
1.108
1.005
Exports (barley, corn, oats, rye, wheat).. thous. of bu_.
Barley:
Production (crop estimate)
Receipts, 4 principal marketst
Stocks, domestic, end of month:
Commercial
_ .
On farm*?
Exports including malt§
Prices, wholesale (Minneapolis):
No 2 malting
No. 3, straight
1.298
1.258
dol. per bu
_
do
2
Oorn:
Production (crop estimate)
mil. of bu ''3,455
10,690
11, 731
Orindings wet process
thous of bu
23,272
32, 736
Receipts interior primary markets
do
Stocks, domestic, end of month:
93, 849 ' 89, 559
Commercial.. __
_
do
On farms
mil. of bu r 2, 339.0
12, 789
Exports, including meal and flour thous. of bu_. 15, 578
Prices, wholesale:
1.357
1.343
No 3 yellow (Chicago)
dol. per bu
1.300
1.322
Weighted average, 5 markets, all grades
do
Gate:
i 1, 163
Production (crop estimate)
mil. of bu
5,304
Receipts interior primary markets
thous of bu
Stocks, domestic, end of month:
Commercial _„
_
do_ _ 21,363
'702,979
On farms
do
2,570
Exports including oatmeal
do
.829
Price, wholesale, No. 3, white (Chicago) _dol. per bu__
ttice:
i 49,459
Production (crop estimate)
thous of bags 9
California:
75, 193
Receipts domestic rough
thous of Ib
35,564
Shipments from mills, milled ric«
do
Stocks, rough and cleaned (cleaned basis), end
97, 309
of month
thous. of Ib
Southern States (Ark., La., Tenn., Tex.):
38, 683
Receipts rough at mills
do
115, 078
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
1, 026. 2
basis), end of month
mil, of Ib
404, 990
Exports
_
thous. of Ib
.085
Price, wholesale, head, clean (N. O.)
dol. per lb_.
Rye:
i 21,155
Production (crop estimate)
thous of bu
1,063
Receipts, interior primary markets
do
8,294
Stocks, commercial, domestic, end of month. __do
1.459
Price, wholesale, No. 2 (Minneapolis).,- do] . per bu__
Wheat:
Production (crop estimate) , total
Spring wheat
Winter wheat
Receipts, interior primary markets
Disappearance (quarterly total)
Stocks, end of month:
Canada (Canadian wheat)
flour
_
do
do
31, 766
6,600
1.248
1.174
1.224
1.142
1,230
1.172
1.275
1.244
1.290
1.260
1.298
1.240
1.333
1.267
1.316
1.292
1.337
1.336
1.312
1.260
1.262
1.184
1.189
1.151
1.157
1.103
7,261
3,759
4,950
5,968
4,272
3,652
10,607
26, 275
7,805
7,278
5,090
19,495
17,794
11,688
24, 314
1,206
.727
1,134
.738
12,066
3 191,840
1,237
.695
16,083
1,423
.784
15, 116
410, 427
869
.778
13, 240
1,614
.820
1,411
.662
3,490
.674
65, 410
39, 331
126, 523
98, 210
153, 906
129, 567
123,311
81, 696
98, 507
76, 095
87,304
52, 665
62, 147
39, 704
54, 245
33, 239
356, 920
r
1,308
25,420
22,225
18,046
15, 135
'1,056,555
853,776
1,694 "~2,~l33~ ~"2,~802~
3,031
.650
.632
.750
.646
12,971
.647
2 43, 130
33, 195
45, 839
105, 545
35, 592
17, 151
60, %8
33,836
46,960
27,681
58, 179
91, 446
75, 950
50, 793
51, 580
39,423
44, 158
42, 424
42, 469
49, 380
55,802
78, 407
144, 810
122, 165
135, 725
62, 275
110,818
17, 955
101, 820
20, 879
93, 489
14, 122
86, 565
27, 618
126, 704
70, 428
89, 787
485, 373 1,185,118
124, 672 171, 798
399, 837
141, 132
907.0
110, 930
.085
836.3
179, 710
.088
651.7
333, 060
.090
509.2
246, 261
.089
394.3
104, 434
.091
443.8
71,665
.091
376.5
109, 789
.095
256.4
37,884
.094
472.0
147, 210
.093
989.9
94, 713
.095
1,064.4
97,996
.095
498
6,394
1.499
306
5, 458
1.400
240
4,844
1.412
302
2,966
1.363
483
' 2, 285
1.240
3,531
2,023
1.292
2,730
6,692
1.246
2,124
7, 515
1.281
852
7,684
1.304
524
6,209
1.306
635
5,378
1.330
86, 378
v . 096
2
26, 528
4,488
1.334
2
2
2
29,679
24, 144
21,462
301, 776
24,030
25,472
25, 221
281, 787
107, 434
65, 777
35, 801
238, 990
29, 674
26,913
356, 831
360, 964
368, 482
365, 104
364, 343
384, 362
401, 176
396, 776
382, 848
379, 043
367, 214
1, 187. 8
1, 488. 7
393, 211 '403~457~ '386~873~ 360, 702
'675,224
'294,214
51, 477
44, 109
33,403
10, 511
2
1
do
United States, domestic, totalcf
mil. of bu._
Commercial!
thous. of bu
Interior and merchant mills, elevators, and
warehouses
thous of bu
On farms
do
Exports, total, including
Wheat only.
1,004.3
i 263.3
740. 9
34, 865
312, 205
14, 995
37,306
209 236
10, 366
1
mil of bu
do
do
thous of bu
do
435,695
13, 947
48, 485
43,135
48, 350
42, 207
49, 465
42, 599
947 1
239 9
707. 2
228, 391
377,420
3 908. 4
' 1, 603. 4
1, 377. 4
356," 532" "34l"696" 3313,481 ~411~584~ 437,937 412, 237 ~4l7~052~ ~398,~347~ '360,662
3444,326
3 59, 540
558, 750
165, 959
50, 674
46, 050
36, 821
32, 798
56, 846
51, 405
'714,403
'393,898
32, 262
27, 819
33, 993
29, 222
30, 425
25, 845
3,512
1.284
362,~829~
652, 586
291, 629
32, 579
27,236
29, 774
24, 097
27, 861
23, 490
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.400
2.394
2.416
2.361
2.435
2.382
2.393
2.371
2.438
2.426
2.439
2.390
2.428
dol. per bu-_
2.375
2.338
2.121
2.302
2.112
2.335
2.135
2.231
2.268
2.358
2.343
2.132
No. 2, hard winter
(Kansas City)
do
2.201
2.182
2.211
2.108
2.345
2.110
2.139
2.213
2.057
2.440
2.298
No. 2, red wTinter (St. Louis)
do
2.405
2.109
2.178
2.278
2.258
(4)
2.289
2.221
2.302
2.401
2.344
2.365
2.439
2.417
2.326
2.356
2.406
Weighted avg., 6 markets, all grades
__do
2.446
2.301
2.304
r
1
2
Revised..
Preliminary..
Revised estimate of 1956 crop.
December 1 estimate of 1957 crop.
3
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat: October for corn).
* No quotation.
^Revised beginning January 1954 to reflect data compiled from reports based on 5-day weeks (prior thereto, based on 6-day weeks). Revisions for January 1954 through July 1956 are shown
in the October 1957 SURVEY.
§Excludes a small amount of pearl barley.
9 Bags of 100 Ib.
cf The total includes wheat owned by Commodity Credit Corporation and stored off farms in its own steel and wooden bins; such data are not included in the breakdown of stocks.
^Data for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports.
SURVEY OF CUKEENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1957
1956
December
S-29
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
FOODSTUFFS AND TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Continued
Wheat flour:
Production:
Flour
thous. of sacks (100 Ib.)
Operations percent of capacity
Offal
short tons
Grindings of wheat.. _
__
thous. of bu
Stock held by mills, end of quarter
thous of sacks (100 Ib )
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol per sack (100 Ib )
Winter, hard, short patents (Kansas City) do
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. of animals
Cattle
- do
Receipts, principal markets
do
Shipments feeder to 9 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
_
dol. per 100 Ib
Steers, stocker and feeder (Kansas City)
do
Calves vealers (Chicago)
do
Hogs:
Slaughter (federally inspected)
thous. of animals. _
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
dol. per 100 lbHog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog__
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals _.
Receipts principal markets
do
Shipments feeder to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
, dol. per 100 Ib
Lambs feeder good and choice (Omaha)
do
22, 162
93.6
419, 916
50, 711
19, 156
89.1
358, 583
43, 661
19, 679
86.2
367, 929
44, 693
18, 940
79.1
360, 570
43,323
19,383
81 1
365, 727
44, 256
18, 144
83 6
347, 039
41, 591
18, 868
79 0
365, 966
43, 319
20,317
85.2
394, 942
46, 796
20,584
95 1
399, 353
47, 311
5, 572
3,162
2,296
2,637
5,190
2,947
1,985
1,727
4,746
2,335
1,903
2,048
5,189
1,966
2,293
2,437
4,905
1,876
6.030
5.725
6.020
5.770
6.020
5.625
5.950
5.700
5.975
5.790
5.900
5.600
6 025
5.725
6.210
5.800
6 005
5.575
6,010
5.575
6 135
5.585
6.215
5.635
"6.160
P5.775
605
598
569
1,665
1,961
1,535
1,860
1,726
2,207
638
1,627
2.491
742
1,759
2,312
679
1,801
2,861
1,190
1,515
2,158
1,473
1,954
21.65
16.67
21.50
20.94
17.68
25.00
20.28
18.24
27.50
21.36
19.35
26.00
22.61
20.86
27.00
22.85
21.13
25.00
23.07
20.20
25.00
24.76
20.74
22.50
25.45
20.33
24.50
24.84
20.11
25.50
24.48
20.18
26.50
25.06
21.41
27.50
25.74
22.68
P29.00
26.31
5,698
3,037
5,655
3,030
4,985
2,622
5,380
2,710
5,000
2, 657
4,884
2,573
3,994
2,245
4,185
2,294
4,418
2,326
5,060
2,599
6,094
3,114
5,505
2,780
5,523
2,974
5,531
16.32
17.52
16.98
17.05
17.52
17.39
18.15
19.39
20.37
19.12
17.16
16.79
17.95
18.71
13.3
14.1
13.7
14.0
14.4
14.0
15,1
15,7
16.3
16.6
15.9
17.0
'18.2
19.9
1,062
1,023
1,333
1,204
1,091
943
1,011
858
1,061
996
1,133
1,013
1,044
914
1,200
1,108
1,111
1,059
1,104
1,308
1,210
1,463
958
930
978
912
1, 061
19.38
17.85
20.12
18 55
20.00
19.78
23.00
20.97
22.75
21.75
24.00
21.07
23.00
21.06
23.75
20.60
23.75
21.14
22.00
21.88
21.50
21. 05
22.00
21.06
22.62
21.30
23.50
2,199
1,843
1,932
1,866
1,963
1,721
1,851
1,828
1,858
2,169
1,920
1,932
619
93
636
69
631
93
596
66
554
90
485
89
395
58
330
46
305
56
318
65
370
63
'403
57
1,111.7
246, 789
27, 827
11, 588
902.5
220, 123
11, 679
9,939
918. 1
194, 214
9,521
11,003
906.1
168, 599
4,623
16, 718
999.1
141, 556
3,404
16,612
904.7
123, 321
8,451
11, 043
1, 019. 8
116, 063
1,637
11, 796
1,010.4
120, 414
1,774
30, 730
960.7
113, 584
9,699
18, 591
1, 065. 9
118, 864
2,770
33, 245
363
145
252
201
27
178
142
22
237
127
27
212
113
33
205
161
30
160
108
24
596
615
1,499
1,947
657
580
535
1,514
1,836
272
222
26
475
341
42
502
33
690
49
973
248
37
147, 032
.447
461
46,843
44 053
' 5, 309 ' 5, 206
4,904
.371
.365
.376
.395
.406
.410
.430
.448
.438
.422
53, 909
8,987
49, 504
8,100
50 604
7,330
52 639
6,837
46 700
6,870
53, 385
6, 399
49, 725
5, 194
49, 650
5,745
54 870
5, 616
1,022.6
886.9
964.4
909.2
911.3
770.0
777.7
767. 4
847.8
1, 048. 6
754, 416
293, 332
9,420
13, 061
650, 175
334, 606
8,753
9,428
703, 006
352, 914
6,592
13, 745
661, 271
343, 081
5,420
13, 297
657, 319
323, 905
6,414
10, 685
559, 379
278, 624
12, 359
10, 805
577, 734
204, 404
5,036
11, 121
579, 219
147, 043
4,559
7,040
639, 808
134, 085
3, 864
9,399
788, 160
138, 412
4,269
10,202
.516
.450
.519
.446
.506
.438
.521
.452
.516
.477
.532
.505
.543
.512
.561
.525
.522
.516
.479
.480
.490
.473
P. 581
.469
196, 353
101 098
37, 811
172, 767
112 042
36,380
190, 755
119, 122
61, 940
182, 122
127 116
43, 783
138
186, 287
120, 168
65, 696
.153
154, 196
107 113
52, 322
.158
146, 019
101, 808
34, 707
.165
137, 940
76,600
24, 347
.160
151, 801
68,650
30, 532
189, 478
67 717
43, 376
182, 592
78, 918
36,566
.150
189, 287
101,205
33, 321
p. 148
53, 211
330, 135
45, 378
292, 033
51, 969
259, 975
52,606
219, 988
58,155
202, 191
50,582
190, 441
60, 319
185, 138
62,975
202,178
68, 397
261, 146
79, 337
377,207
78, 059
87,423
362, 059 '316,455
.148
.150
.155
.153
.150
.150
.148
.153
.153
.148
.148
P. 155
5,369
2 249
5,022
2 246
5,902
3 093
5,731
4 032
5,662
4 001
5,038
3 835
4,786
2 888
4,588
1,780
4,416
1 350
4,597
1 156
4,587
5,035
175
175
173
168
168
158
429
884.7
896.1
142, 236 '146,840
4,698
2,483
20, 489
64 751
9,715
111, 637
47, 898
23.02
190
.390
754, 561
547
1, 030
608
50 262
11,590
279, 768
Stocks, cold storage, end of month
do
8,726
Exports
do
10, 714
Imports
do
Prices, wholesale:
.511
Hams smoked composite
dol. per Ib
.421
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
198,
576
Production , inspected slaughter
thous . of Ib _ _
do
613
1,488
1,770
Stocks cold storage, end of month
_.
do
Pork (including lard), production, inspected slaughter
mil. of lb__ 1, 026. 6
Pork (excluding lard) :
--
632
1.851
2,203
11, 145
Exports
550
1,686
2,121
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
2,064
slaughter
.mil. oflb
Stocks (excluding lard), cold storage, end of month cf
679
mil. oflb..
95
Exports (including lard)
do
24
Imports (excluding lard)
do
Beef and veal:
987.0
Production inspected slaughter
do
Stocks, cold storage, end of month
thous. of lb_. 263, 929
14, 264
Exports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
dol. per lb_Lamb and mutton:
22,057 r 19,
565
19,750
r
90. 5
86.9
88 6
384, 794
431, 000 r381,503
r
45, 015
45, 395
50, 779
19,278
89.6
365, 415
44, 126
.436
979.8
1, 000. 8
730, 191 742, 467
163, 656 '193,981
5,379
5,938
12,402
216, 794
.496
POULTRY AND EGGS
Poultry:
75, 226
Receipts 5 markets
thous of Ib
332, 817
Stocks, cold storage (frozen), end of month
do_
Price, wholesale, live fowls, heavy type, No. 1
.145
(Chicago)
dol. perlb...
Eggs:
5,280
Production, farm
_ _ _ _ _ millions
1 592
Stocks, cold storage, end of month:
Shell
_
.thous. of cases
Frozen
thous. of lb_.
Price, wholesale, extras, large (Chicago)
895
552
302
673
74,848
932
86, 807
65, 643
78, 436
1,208
107, 568
1,719
140, 456
1,812
166, 942
1,507
176, 721
1,174
164, 728
147, 430
124, 272
99,230
344
308
322
304
318
290
299
361
.408
460
.523
.444
.414
96 672
96 970
91 338
90 912
84 372
68 374
62 783
59 996
74 812
117 739
126 988
117, 193
105, 962
20,669
.270
37, 610
.231
15.681
27, 722
.223
16,997
.255
15,053
.253
24, 757
.305
21, 710
.305
7,686
.321
7,901
.346
9,826
.354
10, 272
.427
p. 398
320
328
519
863
303,330
5,251
109
'209
' 74, 505 63,754
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
Pn'no whr»10«:«lp Aonrn. rNJ"pw Vnrlrl
f
long tons
dnl r>pr Ih
234
Revised.
* Preliminary.
cf Prior to 1957, figures include data for sausage and sausage-room products and edible offal; figure for December 1956 comparable with those beginning 1957, which exclude such items, is
€06,490,000 Ib.
SUKVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
February 1958
1957
1956
December
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
FOODSTUFFS AND TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee:
1,584
Clearances from Brazil, total
thous. of bagsd"1-898
To United States
do
965
Visible supply, United States
_
. . do
1,667
Imports
i.
do
Price, wholesale, Santos, No. 4 (New York)
.603
dol. perlb_Fish:
Stocks cold storage end of month
thous. of lb_ 196,091
Sugar:
Cuban stocks, raw, end of month
r
652
thoos. of Spanish tons.United States:
Deliveries and supply (raw basis) :
Production and receipts:
545, 449
Production
short tons
199, 555
Entries from off-shore, total
do
86,308
Hawaii and Puerto Rico
. . . . do
Deliveries total
do
For domestic consumption
.
do
For export.
do _
Stocks, raw and refined, end of month
thous of short tons
Exports
- short tons
Imports:
Raw sugar, total 9
__
_ . do .
From Cuba~ _
do
From Philippine Islands
_
- do Refined sugar, total .
do
From Cuba
do
Prices (New York) :
Raw, wholesale
_ _ _ . dol. per Ib
Refined:
Retail§
dol. per 5 lb
Wholesale. _
^
. _ dol. per Ib
Tea, imports
thous. of lb..
1,671
1,201
1,288
2,020
1,181
2,405
988
883
1,048
927
512
1,832
1, 034
1,545
679
853
935
529
989
794
413
954
1,025
1, 485
1,194
1, 579
€06
954
1,102
1,250
1 445
1,005
1,247
5%
927
686
1,609
1,115
1,330
825
794
980
1,684
1,125
737
922
2,132
.610
.609
.599
.593
.593
.583
.565
.545
.533
.540
.552
.552
168, 596
145, 404
122, 414
117,976
128,320
145 882
168, 485
189, 195
203 122
204,960
203,386
193,490
563
1,640
2/890
3,790
3,615
3, 010
2, 445
1,945
1,620
1,370
862
663
115, 426
519, 988
50,532
53,164
453, 611
93,376
31, 142
565, 977
157, 876
23,279
630, 053
208,242
28 766
624, 323
233,502
50 246
546, 450
172, 764
37 006
694, 255
232, 497
51 685
653, 440
245, 582
138 695
533, 398
141, 310
589 229
472, 464
193, 831
726, 744
411, 510
147, 394
112, 725
72, 334
665, 436
661, 137
4,299
590, 353
585/089
5,264
538,498
536, 683
1,815
638, 888
636, 437
2,451
687, 686
684, 978
2,708
772, 035
770, 381
1,654
923 739
911,362
2,377
878, 655
874, 797
3,858
833 099
829 566
3,534
782 327
779, 501
2,826
711 151 627, 477
708, 582 '623,570
2, 569
3,877
758,408
1,906
1,826
564
1,809
1,205
1,813
1,757
1 619
1 328
1, 180
985
1 000
2,239
823
355
1 213
1.199
171, 386
151, 084
3,016
1,075
350, 622
231, 559
119, 041
45, 080
36 724
310, 708
214, 601
96, 108
36, 012
31, 080
351, 330
218, 573
127,280
64,532
59 880
330, 570
227, 221
103, 349
50, 560
45,033
349, 997
235, 482
105, 275
40, 631
37 072
336, 130
250, 587
80, 717
33, 127
25 051
377, 358.
285, 931
70, 693
48, 604
43 918
315, 157
219 754
66 836
49 376
41 029
314,463
266, 466
40, 117
20,508
8 270
302, 381
246, 465
33, 394
15, 632
4,185
.064
.065
.061
.062
.061
.064
.066
.066
.062
.062
.062
. 518
.088
10, 344
.522
.089
8,197
.526
.089
7,417
.525
.089
10, 402
.526
i .084
9,981
.527
1
.084
10, 653
.527
1
.084
8,525
.532
^085
8,437
.534
1
.085
8,202
.536
1
.084
7,396
.536
i 084
7,936
440
0
TOBACCO
Leaf:
2
2, 179
Production (crop estimate)
mil of lb
Stocks, dealers' and manufacturers', end of quarter,
5,353
total
mil of lb
Domestic:
292
Cigar leaf
do
Air-cured, fire-cured, flue-cured, and miscel4,869
laneous domestic
mil of ib
Foreign grown:
22
Cigar leaf
do
170
Cigarette tobacco
do
57, 743
Exports, including scrap and stems
thous. of lb-_
8,434
Imports, including scrap and stems. _ _ - do
Manufactured products:
11, 558
Production manufactured tobacco total
do
4,864
Chewing, plug, and twist
_
do4,246
Smoking
do
2,448
Snuff
-- do. _
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
.
millions . r 2,572
26, 654
Tax-paid
do
Cigars (large), tax-paid
thousands r 364,581
Manufactured tobacco and snuff, tax-paid
thous. of Ib.- 11, 709
1, 475
Exports, cigarettes
millions.
Price, cigarettes (regular), manufacturer to wholesaler and jobber, f. o. b. destination
3.938
dol. per thous..
604
428
544
584
T
1, 757
403
1,918
523
201,698
179,885
0
5,871
1,262
r
.061
p. 061
.537
^084
6,393
.538
? 1.084
31,680
5,213
4,846
4 918
348
332
298
278
4, 666
4,281
4 403
4,631
24
175
24
209
26
190
5,149
25
215
30, 389
10, 077
27,066
10, 298
32,432
9,662
30,506
10, 701
29, 453
11, 227
39, 902
9,215
28, 447
11,715
40, 988
9, 383
77, 042
11,837
74,386
11, 030
47,625
9,454
42, 718
15, 917
6, 539
6,031
3, 347
13, 268
5,510
4,858
2,900
14, 345
5,935
5,399
3,011
14 927
6,058
5, 763
3,107
15, 773
6,522
6,088
3, 163
15 104
6, 133
5 683
3,288
13,608
5,846
5 499
2, 264
16 584
6,592
6 785
3,207
15
6
6
2
674
128
564
982
17 519
6,696
7, 514
3, 309
13 951
5,492
5 665
2,794
12 386
4 943
4 595
2,848
2,714
35, 982
437, 127
2,463
31, 688
391, 193
2, 267
33, 222
421, 950
2,721
32, 059
470, 129
2,482
38, 151
565, 237
3, 297
34 189
449, 722
2,979
35, 248
478, 149
2,763
38 013
525 171
2 819
34 684
500 346
2,646
38 248
562, 622
2,575
31 545
574, 369
3 092
26 406
383 665
15, 472
1,171
12, 997
1, 337
14, 118
1, 326
14, 493
1,306
15, 444
1,398
14,506
1 491
13, 747
1,588
16, 619
1 524
15, 272
1 353
16,847
1,220
13, 725
1,568
12, 228
1 720
3.938
3.938
3.938
3. 938
3. 938
3.938
4.281
4.281
4.281
4.281
4,281
* 4. 281
6,702
10 917
9 968
' 93
9, 596
7 088
LEATHER AND PRODUCTS
HIDES AND SKINS
Imports, total hides and skins 9
thous of lb
Calf and kip skins
_
thous, of pieces __
Cattle hides
do. .
Goat and kid skins
do
Sheep and lamb skins. _
.
,
do
Prices, wholesale (Chicago) :
Calfskins, packer, heavy, 9J4/15 lb
-dol. per lb-_
Hides, steer, heavy, native, over 53 lb
do
LEATHER
Production:
Calf and whole kip
_ _ thous. of skins
Cattle hide and side kip. .. thous. of hides and kips.
Goat and kid
_
thous. of skinsSheep and lamb
. __do -.Exports:
Sole leather:
Bends, backs, and sides
thous. of lb
Offal, including welting and belting offal.
do_ .
Upper leather
- . thous. of sq. ft. .
Prices, wholesale:
Sole, bends, light, f. o. b. tannery
dol. per lb
Upper, chrome calf, B and C grades, f. o, b. tannery
dol. per sq. ft_.
r
1
9,880
150
32
10, 508
103
14
8,497
165
13
15, 308
97
2
12, 039
132
1
11, 047
92
10
9,895
116
23
159
10
46
20
15
214
23
62
13
1, 936
1,119
2,205
1,437
1,010
2,189
2,291
3,220
1,737
3,245
1,607
2,784
1,821
2,065
1, 361
710
1,494
4, 417
1 610
2,058
1,644
1,246
1,371
1,074
.475
.108
.438
.103
.463
.090
.463
.095
.513
.095
.513
.108
.550
.118
.488
.133
.450
.138
.450
.450
.438
.103
722
1,993
1, 699
1,784
66
13
3,092
872
844
2, 254
2,064
2,065
2, 164
1,892
2,225
54
35
53
65
2, 923
2,644
813
2,164
1,^951
2,359
124
20
3,840
744
2,118
1,959
2,369
66
8
2,831
800
2,168
2.005
2,453
37
36
3,126
732
2,130
1,814
2,148
88
36
2,913
546
1,887
1,774
1,722
35
12
2, 148
818
2,262
1,785
2,189
123
686
2, 029
1, 704
1,975
87
87
108
32
3, 137
3, 245
118
786
' 2, 316
2 095
2,041
786
785
2,060
1,600
1,925
1,955
1 659
1 737
85
25
61
13
3,443
2,802
.625
.625
.610
.610
.595
.595
.615
.625
.625
630
630
630
p 620
1. 145
1. 112
1.118
1.145
1.158
1. 180
1.185
1.208
1. 175
1. 165
1. 153
1.158
f 1. 144
Revised.
*> Preliminary.
3
Beginning April 1957, data exclude excise tax; earlier data include excise tax ($0.005 per lb.). 2 Revised estimate of 1956 crop.
December 1 estimate of 1957 crop.
cTBags of 132 lb.
§ Data represent price for New York and Northeastern New Jersey.
9 Includes data not shown separately.
P .426
p 093
.552
SURVEY OF CUEEENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
S-31
1958
1957
January
February
March
April
May
June
July
Novem- DecemOctober
August September
ber
ber
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers: 9
Production, total _
_
thous. of pairs. _
Shoes, sandals, and play shoes, except athletic,
total
._
thous. of pairs. _
By kinds:
Men's
_
do
Youths' and boys'
do
Women's
do
Misses' and children's
do
Infants' and babies'
do
Slippers for housewear
do
Athletic
do
Other footwear
do Exports
_
do
Prices, wholesale, f. o, b. factory:
Men's and boys' oxfords, dress, cattle hide uppsr,
Goodyear welt
1947-49=100
Women's oxfords, elk side upper, Goodyear
welt
1947-49=100
Women's pumps, low-medium quality
do
41, 668
51, 465
51, 250
54, 925
52, 697
49, 339
45, 226
46, 016
54, 968
48, 800
51, 091
43, 815
44, 019
37, 022
47, 574
46, 172
49, 045
46, 798
43, 029
38,964
40,087
46, 486
40, 571
42, 026
35, 980
39, 555
7, 727
1,687
18, 801
5, 876
2,931
9,198
1,980
25, 429
7,409
3,558
8,858
1,813
25, 078
6,986
3,437
9,755
1,993
26, 799
6,809
3,689
9,493
2,166
25,537
6,178
3,424
8,964
2,004
23,157
5,712
3,192
8,194
1,963
20, 771
5,437
2,599
7,481
2,113
22, 412
5,451
2,630
8,844
2,433
25, 701
6,440
3,068
8,497
2,151
21, 095
5,937
2,891
8,794
2,071
21, 661
6,273
3,227
7,849
1,674
17, 801
5, 768
2,888
8,484
1,882
20,059
6,123
3,007
3,944
508
194
326
2,715
504
672
225
4,129
490
459
272
4,759
571
550
421
4,892
479
528
385
5,280
502
528
274
5,075
533
654
213
4,982
409
538
231
7,416
501
565
317
7 466
484
279
368
7 913
496
656
352
6 774
486
575
312
3,435
445
584
124.1
124.1
124. 1
124 1
124 1
124 1
124 1
124 4
124 4
124 4
124 4
124 4
P 124 4
131.3
117.4
131.3
117.8
131.3
117.8
131.3
117.8
131 3
118.9
131.3
118. 9
131.3
118.9
131.3
118.9
131.3
118.9
131 3
118.9
136 2
118.9
136 2
118.9
p 136. 2
* 118. 9
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES %
National Lumber Manufacturers Association:
Production, total. __
mil. bd. ft—
Hardwoods
.
- do __
Softwoods
do
2,520
518
2, 002
2,635
529
2,106
2,607
539
2,068
2,842
522
2, 320
2,941
472
2,469
3,055
461
2,594
2,884
463
2,421
2,728
470
2,258
3,107
545
2,562
2,883
529
2,354
3,024
518
2,506
2,493
458
2,035
2,192
391
1,801
do
do.
do
2, 375
477
1,898
2,543
479
2,064
2,488
504
1,984
2,795
497
2,298
3,027
483
2,544
3,140
481
2,659
2,967
476
2,491
2,813
429
2,384
3,147
524
2,623
2,866
525
2,341
3,091
548
2,543
2,473
509
1,964
2,259
479
1,780
do
do
do
9,777
3,660
6,117
9, 871
3,710
6, 161
9,990
3, 745
6,245
10, 037
3,770
6,267
9, 952
3,759
6, 193
9, 867"
3,739
6,128
9,782
3,726
6,056
9,696
3,767
5,929
9,655
3,788
5,867
9,672
3,792
5,880
9, 611
••3,762
5,849
9,602
3,710
5,892
9,538
3, 622
5,916
82, 249
227, 018
57, 608
175, 509
66, 281
206, 698
80, 365
250, 060
66, 776
241, 941
83, 948
241, 931
67, 790
257, 755
76, 729
293, 852
80,875
264, 043
70, 607
267, 167
64, 426
292, 977
54, 838
231, 223
56, 600
683
608
623
612
1,056
631
586
670
653
1,073
614
584
671
616
1,128
727
635
737
676
1,189
780
628
765
787
1,168
857
675
789
810
1,147
705
617
696
763
1,080
679
620
620
676
1,024
644
546
704
717
1,011
614
516
646
643
1,013
663
468
687
711
995
578
472
598
574
993
554
476
523
550
966
Exports, total sawmill products.
Mbd. ft. 37, 584
22, 225
Sawed timber
do
15, 359
Boards, planks, scantlings, etc
do
Prices, wholesale:
Construction, No. 1, dried, 2" x 4", R. L.
dol. per M bd. ft_. 80. 654
Flooring, C and better, F. G., 1" x 4", R. L.
dol. per M bd. ft._ 130. 034
Southern pine:
463
Orders new
- mil. bd. ft
158
Orders unfilled end of month
do
562
Production
do
479
Shipments
__
._ do__
Stocks (gross), mill and concentration yards, end of
1,971
month
_ mil. bd. ft
9,536
Exports, total sawmill products
Mbd. ft_.
1,809
Sawed timber
_._
do
7,727
Boards, planks, scantlings, etc..
do
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6", R. L.
dol. per M bd. ft_. 82. 062
Flooring, B and better, F. G., 1" x 4", S. L.
dol. per M bd. ft.. 153. 542
Western pine:
573
Orders, new
_
mil. bd. ft..
365
Orders unfilled end of month
do
518
Production
do
527
Shipments
do
Storks cross mill end of month
do
2,103
Price, wholesale, Ponderosa, boards, No. 3 common,
1" x 8"
dol per M bd. ft
71. 460
22, 775
12,858
9,917
35, 040
19. 437
15, 603
33, 831
19,692
14, 139
31, 370
20, 426
10, 944
32, 948
21, 403
11, 545
30, 942
16,674
14, 268
27, 416
13, 142
14, 274
26, 588
9, 560
17, 028
53, 687
36, 863
16, 824
24, 977
10, 848
14, 129
22, 234
9,859
12, 375
26, 798
13,785
13, 013
78. 614
r 77. 414
p 75. 788
Shipments,
total
Hardwoods
Softwoods
Stocks (gross), mill, end of month, total
Hardwoods
Softwoods
Exports total sawmill products
Imports, total sawmill products
-
. - Mbd. ft
do
SOFTWOODS }
Douglas fir:
Orders new
-mil. bd. ft
Orders, unfilled, end of month
do
production
_ ._
_ _ _
do
Shipments
do
Stocks (^ross), mill, end of month
. do- -
81. 989
80. 905
80. 170
80. 893
80. 164
80. 176
80. 770
80. 299
78. 853
131. 320
131. 308
129. 746
128. 288
126. 500
126. 151
126. 151
125. 538
123.039
594
178
674
574
557
180
570
555
634
166
616
648
674
191
633
649
699
193
663
697
659
218
613
634
668
219
640
667
689
206
660
702
642
203
622
645
688
186
687
705
503
140
558
549
467
144
530
463
2.071
6,851
1,203
5,648
2,086
7,505
1,451
6,054
2,054
9,240
2,217
7,023
2,038
8,283
1,946
6,337
2,004
7,788
1,017
6,771
1,983
8,742
1,382
7,360
1,956
9,008
1,489
7,519
1,914
6,600
1,631
4,969
1,891
7,152
1,504
5,648
1,873
7,398
1,583
5,815
1,882
5,921
830
5,091
1,949
7,085
743
6,342
122. 071 ••120.614 pl!9. 504
80. 465
78. 395
78. 135
77. 785
77. 792
77. 183
77. 272
76. 759
76. 308
76. 490
r 76. 921 •» 77. 129
152. 133
148. 779
148. 473
147. 821
146. 412
145. 800
146. 794
145. 224
145.224
144. 979
144.979 ^144. 109
558
375
467
548
2,024
528
394
503
509
2,018
648
451
577
591
2,004
680
430
676
701
1,979
725
433
715
722
1,972
676
430
707
679
1,998
683
439
656
674
1,979
687
381
782
775
1,986
643
391
701
664
2,023
709
375
728
725
2,026
460
320
544
515
2,052
563
360
496
523
2,028
72. 520
73. 380
73. 380
74. 190
74. 610
74. 120
72. 370
70. 500
68. 810
67.690
r 66. 900
* 66. 900
4,000
13, 850
4,200
3. 750
9,550
3, 750
13, 950
3,450
3,700
9,300
4,050
14. 300
3,225
3,725
8,950
4,200
14, 950
3,150
3,800
8,350
5,150
14, 250
4,100
4,700
8,050
3,350
15, 300
3,850
3,000
8,850
3, 650
13, 950
4,200
3,750
9,350
3,225
13, 500
3,500
3,275
9,475
2,350
12, 800
3,450
2,850
10,050
88, 280
57, 087
77, 730
81,707
106, 162
86, 019
55, 680
83,610
84, 113
103,814
68, 168
52, 102
74, 897
74, 478
103, 134
69,516
47, 896
73, 581
73, 722
101, 770
77, 597
44, 113
81, 533
81, 380
101, 923
70, 080
41, 516
74. 516
75, 681
100,758
79, 633
38, 815
81, 570
84, 222
95, 291
63, 549
35, 063
67, 745
67,301
93, 293
52, 671
34, 277
59, 611
55, 926
96,978
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
_
M bd ft
3,050
4, 250
3, 950
3, 475
Orders unfilled end of month
do
13, 350
13, 750
14, 025
14, 150
Production
do
3,600
4,300
3,700
3. 750
Shipments
do
3,375
3,850
3,150
3,350
Stocks (gross), mill end of month
do
7,500
8,100
8,650
9, 150
Oak:
Orders, new
do
62,525
80, 671
73, 683
92, 442
Orders, unfilled, end of month
__
do
29, 630
33, 573
37, 624
50, 514
Production
do
70, 985
87,010
74, 467
72, 561
Shipments
do
65, 903
78, 490
69, 632
77, 471
Stocks (gross) mill end of month
do
106, 574 115, 094 119, 929 111,676
r
Revised.
f> Preliminary.
9 Revisions for production for January 1955-July 19£ 6 will be shown lat
J Re visions for January 1954-July 1956 are shown on p. 24 Of t tie Noveniber 1957 SURVEY.
January
SURVEY OF CURRENT BUSINESS
S-32
1956
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of DecemBUSINESS STATISTICS
ber
February 1058
1958
1957
Janu-
Febru-
ary
ary
March
April
June
May
DecemOctober NovemAugust September
ber
ber
July
January
LUMBER AND MANUFACTURES—Continued
PLYWOOD
Hardwood (except container and packaging) :J
Shipments (market), quarterly total
209, 575
M sq ft , surface measure
Inventories (for sale), end of quarter
__ _ do
50,457
Softwood (Douglas fir only), production
M sq. ft., %" equivalent— 506, 066
196, 022
39,232
439, 595
405, 013
404, 061
191, 879
37, 276
473, 105
505, 074
466, 993
193 176
34, 152
412, 559
467, 882
450, 513
512, 401
440,025 435, 850
497, 092
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfrs.):
Exports, totalt -thous. of short tons
Scrap
do
Imports, totalt _
do
Scrap
do
1,203
661
226
29
1,023
547
214
21
1,028
620
184
20
7,475
3,970
3,505
7,017
7,416
7,320
4,070
6,741
4,837
4,448
5,699
1,426
800
188
11
1,314
668
180
8
1,284
672
188
15
1,211
502
162
16
1,163
491
216
18
1,117
575
198
23
1,046
587
121
16
1,037
574
175
24
1,049
621
127
19
7,110
6,524
3,764
2,759
6, 376
3.849
2,526
6,444
7,307
6,086
3,628
2,458
6,082
7,309
6,040
3,489
6, 463
6,140
3, 576
2, 564
5, 638
6,190
3,792
2,398
5,974
'5, 291
r 3, 350
' 1, 941
* 5, 442
16,074
14, 440
14, 303
15, 886
9,914
8,322
14, 370
15, 187
7, 504
12, 933
13, 516
6,921
11, 337
12, 834
5, 425
4,974
5,348
4,838
13, 597
6, 931
29, 570
26, 823
13, 172
11,828
6,792
11,005
6,538
4,066
43, 951
40, 380
3,571
49, 464
45, 323
4,141
54, 844
50, 174
5, 741
54, 532
49, 894
3,858
3,862
56
89
2,590
713
323
Iron and Steel Scrap
Production and receipts, total. _ .thous. of short
Home scrap produced
_
_
Purchased scrap received (net)
Consumption, total
_
Stocks, consumers', end of month
tons..
do
do
do
do
3,959
7,427
3,744
2,997
6,763
7,306
7,361
7,376
3,841
1,901
3,560
3,717
1,855
11, 254
5,581
12, 390
12, 587
13, 393
11, 543
0
3,987
12,728
7,375
3,251
7,312
3,151
7,049
6,514
2, 551
5,485
7,866
3,743
2,720
5,935
8,393
8,895
9,112
'8,968
P 4. 795
p3,014
P 1, 781
T 4. 796
P 8, 967
Ore
Iron ore:
All districts:
Mine production
thous. of long tons
Shipments
do
Stocks, at mines, end of month
do
Lake Superior district (U. S. and Canadian ores) :
Shipments from upper lake ports
_ do
Consumption by furnaces
do
Stocks, end of month, total
. do .
At furnaces
do
On Lake Erie docks_
_ do. _
1, 580
7,840
45, 508
41,231
4,277
7,892
7,099
37, 484
33, 580
30, 110
26, 817
21, 941
19, 672
2,270
7,158
17, 167
15, 170
1,996
2,747
14, 212
7,157
37, 148
33, 975
3,173
Tm ports _ _ _
_„
_.
__-do__
Manganese ore, imports (manganese content)
do
1,610
99
1,692
95
1,359
89
1,458
90
1,801
90
3,187
88
3,626
4,403
108
98
3, 933
95
920
1,109
587
905
1,213
642
931
1,103
582
935
1,133
604
899
1,120
611
880
1,112
625
853
1,058
599
880
954
523
826
1,076
597
805
990
563
740
1,100
601
705
940
483
P 867
92, 311
76, 352
44, 268
93, 886
85, 977
51, 508
90, 725
78, 028
89, 431
78, 013
83, 116
80, 271
51, 320
79, 787
76, 504
46, 277
76,331
48,311
72, 556
44, 639
80, 694
57, 748
34, 876
39,644
84, 876
65, 426
83, 385
62, 457
38, 397
82, 995
77, 667
45, 989
80, 074
67, 904
38, 085
P 61, 532
7, 336
7,164
7,282
7,260
6,658
6,563
7,247
6,894
6,871
6, 559
6,945
6,567
6,660
6,353
6,692
6,226
6,782
6,462
6,628
6,322
6, 519
6,350
5,780
"5,683
5, 279
P 5, 055
2,355
2,268
2,241
2,439
2,524
2,711
2,791
3,224
3,457
3,632
3,707
' 3, 695 p 3, 820
62.45
62.50
63.00
62. 45
62. 50
62.45
62.50
63. 84
64.05
64.50
65.00
64.05
64.50
65.00
65.23
64.50
66.50
65.95
66.00
66.50
65. 95
65. 95
66. 00
111, 080
7,649
0
3,905
1,817
9,398
0
3,293
7,602
6,677
22, 712
20, 266
2,446
7,039
4,669
4,638
19
4,989
49, 668
45, 300
4,368
95
Pig Iron and Iron Manufactures
Castings, gray iron:
Orders, unfilled, for sale, end of month
thous. of short tons..
Shipments, total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo
short tons
Shipments, total
do
F o r sale _
_ _ _ _ _
_ _ do. _
Pig iron:
Production
thous of short tons
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons._
Prices, wholesale:
Composite
dol. per long ton
Basic (furnace)
do
Foundry, No. 2, Northern
do
46,729
63. 00
64.50
65.00
64. 05
64. 50
65. 00
30,090
154, 932
121, 667
27, 181
160, 054
124, 416
162, 498
124, 549
29, 708
164, 575
125, 431
32, 840
153, 647
119, 353
31, 338
122, 018
90, 037
536.9
532.9
135.0
102.2
32.8
517.0
145.8
107.9
37.9
496.9
479.2
135.3
100.8
34.5
445.1
128.5
92.9
35.5
430.7
104.1
79.1
25.0
417.5
115.4
88.4
27.0
396.9
9,987
10, 589
93
9,815
90
9,792
98
86
9,391
86
8,909
9,234
8,978
.0629
.0632
. 0633
.0633
.0635
.0635
84.00
.0553
89.00
.0567
89.00
.0567
89.00
.0567
89.00
.0567
62.50
53.50
50.50
41.50
44.50
63.00
66.00
66. 50
66.50
65.95
66.00
66.50
65. 95
P 66. 00
P 66. 50
(>5. 95
Steel, Crude and Semimanufactures
Steel castings:
Shipments, total
short tons.. 158, 725
For sale, total .
__ do. . 125, 569
34, 080
Railway specialties
do
Steel forgings (for sale) :
537.9
Orders, unfilled, end of mo
thous. of short tons__
129.6
Shipments, total
__
do
96.3
Drop and upset
_ do
33.3
Press and open hammer
do
Steel ingots and steel for castings:
10, 838
Production. _
do
99
Percent of capacity c?
Prices, wholesale:
.0628
Composite, finished steel
dol. per lb.Steel billets, rerollmg, carbon, f. o. b. mill
84.00
dol. per short ton._
.0527
Structural shapes (carbon), f. o. b. mill.. dol. per lb._
Steel scrap, No. 1, heavy melting (Pittsburgh)
66.50
dol. per long ton..
169, 240
133, 826
147.7
113.0
34.7
11,009
97
29,968
139.0
103.4
35.6
22,803
145,926
33,641
139, 002
105,611
29, 718
116.9
86.3
30.6
146, 397
113,216
31, 477
400.6
127, 115 P119, 680
97, 856
26, 892
364.8
125. 6
93.6
31.9
•• 104. 8
79.4
25.7
P98.9
82
82
9,198
81
8,393
77
' 6<>
56
.0677
.0677
.0677
.0677
.0677
.0677
. 0677
89.00
.0567
92.50
.0594
92.50
.0594
92.50
.0594
92.50
. 0594
92.50
.0594
P 92. 50
56.50
55.50
55.50
49.50
38. 50
32.50
v 31. 50
79
' 7, 420 v 6, 739
P . 0594
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale) :
2,326
2,156
2,444
2,044
2,109
2,285
2,351
2,511
2,346
2.002
1,708
Orders, unfilled, end of month
thousands..
1,735
2,160
2,179
1,874
2,052
2,124
2,166
2,050
2,050
2,207
Shipments
do
1,840
2,065
1,698
62
78
77
69
80
71
86
79
68
Stocks, end of month
. do
72
77
61
Cans, metal, shipments (in terms of steel consumed),
total for sale and own use
short toiis. 267, 144 314, 488 280, 395 323, 791 506, 425 338, 575 360, 530 452, 994 546,228 495, 903 405,850 '285,436 292, 210
153, 092 183,293 161, 659 178, 913 335, 566 175, 847 203, 957 271, 056 369, 117 346, 941 259, 730 ••169,411 168, 614
Food _
do
Nonfood
.
do . 114,052 131, 195 118, 736 144, 878 170, 859 162, 728 156, 573 181, 938 177,111 148, 962 146, 120 ••116.025 123,596
221,290 262, 984 234, 194 267, 700 446, 336 280,919 308, 197 404,235 488,184 430, 371 348, 333 ••242,053 248,644
Shipments for sale
do
1,393
1,443
1,403
1,465
1,251
1,382
1,371
Closures (for glass containers) , production
millions __ «• 1, 273
1,571
1,476
1,578
1,366
1,316
29.712
29.068
22. 724
24, 091
27.684
28.713 28. 791 31. 041 31. 914
Crowns, production
thousand gross.. 16, 941
25. 386
18.533 19.990
r
Revised.
P Preliminary.
J Revisions for the indicated series are available upon request as follows: Plywood, 3d quarter 1953-3d quarter 1956; iron and steel exports and imports, January-July 1956.
cf For 1958, percent of capacity is calculated on annual capacity as of Jan. 1,1958, of 140,742,570 tons of steel; for 1957, data are based on capacity as of Jan. 1, 1957 (133,459,150 tons); December
1956, on capacity as of January 1, 1956 (128,363,090 tons).
SURVEY OF CUEEENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1957
1956
December
S-33
January
February
March | April
i
May
1958
June
July
DecemAugust SeptemOctober November
ber
ber
January
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments:
Total (all grades)
_ thous. of short tons..
Semifinished products
do
Structural shapes (heavy), steel piling
do __
Plates
do
Rails and accessories
Bars and tool steel, total
Bars: Hot rolled (incl. light shapes)
Reinforcing
Cold
finished
Pipe and tubing
Wire and wire products
Tin mill products
Sheets and strip (incl. electrical), total
Sheets: Hot rolled
_
Cold rolled
Fabricated structural steel:
Orders, new (net)
Shipments
Backlog, end of month _
7,064
399
564
607
7,809
380
573
777
7,067
360
583
763
7,822
437
668
881
7,350
358
631
876
6,972
403
659
918
7,285
491
630
870
5,877
273
634
792
6,230
272
636
732
6,172
261
597
778
6,551
263
641
764
5 606
242
589
462
5 093
213
548
636
do
do
do
do__
do
214
1,166
788
240
129
224
1,180
802
224
144
208
1,085
713
235
127
232
1,145
768
240
128
232
1,030
687
216
118
242
1,005
692
188
114
226
1,046
689
233
116
192
752
489
172
84
174
862
569
188
97
90
836
545
182
101
143
896
617
163
110
133
783
538
142
96
100
645
455
100
84
do
do _
-do
do
do
- do
915
263
406
2,532
826
1,130
1,039
314
649
2,674
847
1,232
905
287
529
2,347
731
1,083
1,034
312
809
2,302
753
1,026
974
304
875
2,070
680
907
1 020
327
350
2,049
656
895
998
388
391
2,244
716
984
859
218
460
1,698
531
791
914
250
494
1,895
550
900
860
250
417
2,011
579
979
889
264
370
2,319
651
1 147
736
227
321
2,113
616
1 025
653
195
271
1,831
521
911
404
298
3,373
298
262
3,476
266
278
3,436
289
305
3,454
360
314
3,417
292
330
3,417
220
329
3,220
203
304
3,138
167
333
2,962
194
295
2,846
177
331
2,683
188
293
2,564
127
278
2,395
147, 029
33, 520
119, 059
30, 471
135, 706
32, 948
139, 152
30, 674
145, 174
32, 886
138, 007
30, 341
142, 041
31, 976
143, 449
32, 555
129, 278
32, 978
133, 759
34, 969
135 024
140, 036
19, 885
1,252
.2710
17, 577
1,490
.2710
23, 068
1,774
.2710
21, 832
1,364
.2710
20, 001
1,420
.2710
21, 222
1,312
.2710
15, 768
1,545
.2710
14, 183
1,817
.2810
11, 803
1,775
.2810
14, 076
2,279
.2810
17 857
1 764
.2810
.2810
330.4
234.8
126.0
73.0
306. 5
206.4
109.8
69.5
343.9
229.8
120.1
74.5
338.9
238.2
126.8
68.3
342.8
249.0
130.0
65.1
320.8
227.4
117.1
58.5
370.0
249 0
130.6
52.2
298.9
223 8
117.8
55.7
302.3
215.5
111.3
58.7
fr 318. 6
230. 9
r
121 . 7
64.1
279 2
187 0
95.3
58 9
93, 210
137, 362
98, 401
38, 961
20, 492
90, 256
114, 263
83, 239
31, 024
19, 821
95, 167
128, 046
92, 103
35, 943
19, 372
94, 443
130, 943
92, 532
38, 411
20, 178
93, 274
133, 062
98, 958
34, 104
22, 661
90, 320
115, 660
88, 091
27, 569
19, 999
84, 757
109 296
83, 275
26 021
15 883
87, 038
109, 791
80, 754
29, 037
16, 932
85, 629
100, 265
74, 395
25, 870
14, 897
87, 753
115 234
78, 296
36 938
18, 654
87, 981
127 951
86 063
41 888
17 940
thous. of short tons.
- do _ _
do
NONFERROUS METALS AND PRODUCTS
Aluminum:
148, 391
Production primary, domestic
short tons
28,164
Estimated recovery from scrap©
do
Imports (general):
21, 478
Metal and alloys, crude
__do_ _
1,361
Plates sheets, etc
_ __ do
.2710
Price, primary ingot, 99%+__
dol. per lb__
Aluminum shipments:
281.4
Mill products and pig and ingot (net)
mil. of lb__
194.8
Mill products total
do
99.9
Plate and sheet
do
67.0
OastingsA
«.do
Copper:
Production:
Mine, recoverable copperA
short tons _ 90, 427
123, 197
Refiiierv primary *
- do
84, 899
From domestic ores
do
38, 298
From foreign ores
do
22, 171
Secondary recovered as refined . ..
do
Imports (general):
Refined unrefined scrap©
Refined
Exports:
Refined, scrap, brass and bronze ingots
Refined
do
do
60, 226
14, 970
58, 502
13, 496
43, 088
14, 190
55, 338
16, 155
58, 292
11, 815
48, 377
19, 687
40, 963
9,416
53 594
14, 386
47, 899
10, 212
42 390
10, 486
54 741
12, 431
46 651
18 427
do ..
do
49, 408
39, 786
43, 298
30, 124
40, 981
29, 769
57, 151
41, 376
50, 077
32, 315
44, 775
28,479
47, 268
31, 954
34, 519
24 420
28, 135
23 435
29, 965
27 057
25, 103
20 076
35, 689
30 897
112, 119 132, 754 112, 335 116, 700 123, 973 122, 386
Consumption refined (by mills etc )
do
237, 157 228, 268 237, 583 249, 583 243, 202 265, 432
Stocks refined end of month, total
- -do
121, 842 112, 696 101, 822 110, 196 106, 576 113, 586
Fabricators'
do
.3152
.3553
.3258
.3145
.3129
Price, bars, electrolytic (N. Y.)
dol. per lb_- .3565
Copper-base mill and foundry products, shipments
(quarterly) :
505
506
Brass mill products.
_ __
mil. oflb_.
405
409
Copper wire mill products©
do
225
235
Brass and bronze foundry products..
do _.
Lead:
Production:
27, 109
30, 229
29, 136
30, 865
30, 915
29, 855
Mine recoverable lead
short tons.
38, 283
38, 483
37, 570
36,750
Secondary, estimated recoverable© .
do_ -_ 34, 498 36, 009
56,
095
54,063
41,
855
33,
527
38,
830
34,
382
Imports (general) ore© metal
do
94,400
94, 900
97, 400
94,000
Consumption, total
do_ -_ 89,700 101, 400
Stocks, end of month:
Producers', ore, base bullion, and in process©
(ABMS)
short tons.. 118, 078 120, 975 123, 276 126, 053 121, 691 117, 022
Refiners' (primary), refined and antimonial©
short tons__ 39, 129 40, 559 44,833 39, 846 49, 348 54, 941
115, 865 118, 124 117, 554 119, 375 112, 953 106, 728
Consumers', total
do
56, 535
55, 465
49, 716
45, 647
46,295
Scrap (lead-base purchased) all consumers do _ _ 57,020
.1600
.1600
.1600
.1600
.1539
Price pig, desilverized (N. Y.)
.
dol. per lb__ .1600
Tin:
285
260
295
295
265
261
Production, pig (secondary) d"1
long tons _
6,285
3,964
5,231
4,746
4,427
6,223
Imports (for consumption) bars pigs 6tc
do
7,270
7,140
7,995
7,400
7,590
7,305
Consumption pig, total
-do
4,895
5,000
5,440
5,110
5,060
4,840
Primary
do_ _ 120
26
99
243
260
30
Exports incl reexports (metal)
do
19,029
19, 135
18,190
18,420
18, 625
19, 445
Stocks, pig (industrial) , end of month
do
1.0022
.9832
.9948
.9930
Price, pig, Straits (N. Y.), prompt
_dol. per lb._ 1. 0401 1. 0135
Zinc:
46,445 r 50, 174 r 46, 080 T 51, 057 r 51, 714 r 47, 123
T^finp prod notion rwQVW&hlft zincA
short tons
Imports (general):
41, 314
45, 425
42, 189
42,296
47, 619
45, 630
Ores and concentrates©
do
46, 452
27,494
24,288
22,761
30,037
20,376
Metal (slab blocks)
do Slab zinc:
Production (primary smelter), from domestic and
foreign ores
short tons.. 91, 496 86, 748 81, 237 89,860 89, 791 90,032
6,841
7,064
6,704
6,715
6,823
6,738
Secondary (redistilled) production total
do
78,384
82,272
80, 752
90,490
77, 489
75,909
Consumption, fabricators', total
do _
503
413
496
987
1,201
877
Exports
_
..
_
_
do
Stocks, end of month:
68,622
86,889
89, 357 105, 531 112, 693
78, 974
Producers', smelter (AZI)
__do
89, 626
100, 665
90,500
88, 232
84, 648
71, 124
Consumers'
do
.1350
.1350
.1350
.1192
.1350
.1350
Price, prime Western (St. Louis)
dol. per lb—
Zinc oxide (zinc content of ore consumed)
7.004
6.552
short tons.8.968
9.050
7.820
7.833
* Revised.
*> Preliminary.
©Basic metal content.
ARevisions for aluminum castings (1955) and copper and zinc mine production (January-August 1956) will
o*Data in 1957 BUSINESS STATISTICS represent total production (both primary and secondary).
116, 567
273, 863
109, 979
.3033
80 757
305, 763
120, 636
.2869
113 180
309, 564
120, 901
.2810
88,109
132, 303
94, 389
37, 914
15, 624
28, 421
26 123
108, 864 *>128, 400 pl08 460 »>102 820
293,540 »270, 841 *>280 740 P289, 817
123, 942 *>110, 580 ^125, 122 *>126, 097
.2632
.2644
.2634
.2634
517
409
229
26, 994
26, 670
43,297
84,200
27,496
33, 908
41, 013
101, 600
24, 766
33,682
36, 218
94,700
28,414
38,856
47, 952
102, 800
23 308
36, 283
45 292
85, 300
22,879
120,706
134, 039
122, 340
116, 093
111, 683
102, 401
116, 314
64, 065
99, 652
41, 762
.1432
67,296
92, 601
45,063
.1400
60, 029
96, 624
43,633
.1400
54,002
103, 910
45, 877
.1400
58,211
105, 634
49, 495
.1369
70, 101
116, 630
44, 979
.1350
.1300
266
3,748
6,820
4,555
26
19, 200
.9802
212
6,388
6,470
4,345
165
21, 315
.9646
271
5,171
7,220
4,835
116
21, 950
.9415
276
5,490
6,660
4,385
105
23,285
.9331
297
4,605
r
6, 975
r
4, 195
135
r
23, 275
.9184
290
3,780
5,925
3,590
136
23, 355
.8923
.9232
34 779
39 350
34,967
34 346
45 490
r
42 672
r
42 376
r
41, 633
23,406
36,709
21,899
41, 048
22,568
44,223
15, 525
46,269
21, 776
48, 171
16,083
84,009
6,710
73,464
822
80,577
5,202
65, 123
3,769
78,845
5,321
74,562
789
72, 767
4,688
75, 976
446
76,349
5,143
87, 898
518
74,633
5,121
76,595
156
133, 455
70, 632
.1136
146, 179
72,288
.1001
149, 296
74 078
.1000
153,766
71,t)19
.1000
155, 925
r
71, 844
.1000
7.243
7.599
8.630
6.554
7.031
be shown later.
.2511
*>474
*>373
450
366
211
26,717
32, 672
48, 064
90,800
r
.2810
190
.9268
222
152,513 '166,660
74, 131
.1000
.1000
6.603
.1300
5.618
180,346
.1536
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1357 edition of
BUSINESS STATISTICS
1956
December
February 1958
1957
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and con vectors, cast iron:
Shipments- _ __ __ -thous. of sq. ft. of radiation.
S tocks, end of month
do
Oil burners:
Shipments
number
Stocks, end of month _ _ _
do
Stoves and ranges, domestic cooking, excl. electric:
Shipments, total
number
Coal and wood
do
Gas (incl. bungalow and combination)
do
Kerosene, gasoline, and fuel oil _ _
__ do._
Stoves, domestic heating shipments total©
Coal aid wood
Gas©
- _
- _ - _ ____ .
Kerosene, gasoline, and fuel oil
do
do
do_
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total© _ _
_
number
Gas
do
Oil
_ .
do
Solid fuel
do
Water heaters gas shipments
do
1,756
3, 810
1,712
4,139
1,797
4,362
1,803
4,750
1,723
4,887
1,507
5,435
2,230
5,163
1,769
4,745
2,123
4,896
2, 551
4, 571
2,651
4,027
1,995
3,510
38, 729
50, 329
45, 933
54, 460
42, 772
52, 345
43, 619
62, 532
46, 782
65, 070
46, 081
73, 106
54, 445
73, 228
51, 299
64, 102
65, 606
61, 761
72, 554
50, 305
70, 999
42,639
44 613
41, 298
134, 878
4,387
125, 139
5,352
146, 360
4,178
136, 248
5,934
160, 792
4, 716
149, 126
6,950
178, 695
4,000
163, 668
11, 027
164, 877
4,716
153, 207
6,954
152, 657
4,669
140, 339
7,649
146, 449
4,757
136, 036
5,656
133, 939
3,908
124, 151
5,880
179, 375
4,497
165, 600
9,278
183, 666 ' 188, 661 146, 777
5, 451
6,227
3 328
137, 166
171, 121 175,627
6,283
7,094 r 6, 807
91, 540
10,537
62, 144
18, 859
89, 855
6, 379
56, 564
26, 912
90, 716
8,021
55, 660
27, 035
105, 041
9,870
54, Oil
41, 160
103, 585
14, 232
55,323
34, 030
143, 356
17, 406
78, 250
47, 700
161, 121
22, 674
106, 523
31, 924
228, 241
30, 686
141, 644
55,911
297, 206
38, 676
187, 472
71, 058
314 653 r 347, 354 165 800
49, 997
17,055
43, 344
206, 328 r 236, 857 119, 539
64. 981 ' 60, 500 29, 206
76, 426
47, 479
21, 201
2, 625
153, 198
75, 731
49, 228
23, 737
2,766
209, 953
66, 838
43, 708
20, 870
2, 260
202, 173
74, 608
51, 030
21, 540
2,038
221, 764
74, 084
50, 125
21, 793
2, 166
232 705
73, 906
50,208
21,946
1,752
228, 198
84, 651
56, 579
25, 527
2, 545
205 838
85, 681
57, 773
24, 450
3,458
188, 082
114, 756
71, 874
37, 896
4 986
205 503
140. 797
88 628
45, 498
6,671
210 669
125, 820
82,380
37, 628
5,812
230, 690
91,300
61 884
26, 524
2, 892
169 261
MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fans, new orders
thous of dol
Unit-heater group, new orders. _ .. _
do
Foundry equipment (new) , new orders, net
mo. avg. shipments, 1947-49=100-Furnaces, industrial, new orders, net:
Electric processing
thous of dol
Fuel-fired (except for hot rolling steel)
do
49, 246
20, 543
59, 162
18, 792
55, 786
21, 525
42, 517
20, 620
115.6
117. 9
188.4
127.0
101.1
136.2
187.5
98.6
231.3
113.9
145. 3
59.6
61.4
2,095
2,943
2,062
4,581
4,441
3,429
1,809
6,794
1,089
1,665
1,279
2,048
1,261
1,320
1,487
2,404
894
2,673
727
1,229
1,448
1, 400
749
1,634
1,593
2,180
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type. _
- . _ _ . _
. _ do __
Industrial trucks and tractors (gasoline-powered) , shipments
_ . _
- - _ _ - number
521
442
602
480
559
385
583
411
606
455
618
429
536
433
611
420
354
242
476
302
600
373
532
366
504
389
1,977
1, 837
1,610
1,909
1,941
1,737
1,869
1,651
1,926
1,661
1,639
1, 518
1,812
Machine tools (metal-cutting):
New orders (net), total _
Domestic. _
Shipments, total
_
Domestic.
Estimated backlog
57,20
51.90
85.15
75. 05
6.2
63. 25
56.30
76. 55
67. 55
6.0
58.20
51.10
77.70
72. 05
5.8
58.90
51. 30
89.10
78.80
5.5
51.30
45.70
87.80
77.65
5.0
41.40
37.95
78.50
70.90
4.6
43.10
40.05
82.95
72.85
4.2
55.50
50. 50
58.70
51.50
4.2
44.50
40.40
63.20
58.00
4.0
28. 80
25. 00
64. 75
58. 60
3.7
27.80 : 1-28.35
23.65
25. 05
60.90 r 47. 60
53.50 * 41. 70
3.5
3.3
*> 18,65
v 15. 15
» 65. 45
* 49. 55
p3.0
._
mil of dol
- do _
do
.
do
months
Other machinery and equipment, quarterly shipments:
Construction machinery (excavating and earthmoving) ©
thous of dol
Farm machines and equipment (selected products,
excluding tractors) cT
thous of dol
70,266
81, 189
86, 352
72, 170
94 748
180, 828
208 630
169 098
Tractors (except garden), total, incl. contractors'
off-highway wheel-type tractors 9 ©
units
Value 9 ©
thous of dol
Tracklaving©
units
Value©
thous of dol
Wheel-type (exc contractors* off -high way) units
Value
thous of dol
54, 349
203 703
11, 694
103,474
41, 574
80, 039
87, 023
277 945
12, 867
119, 137
72, 643
130, 208
77, 781
261 232
11, 390
105, 306
64,638
121, 049
56, 906
196 995
5,340
81, 671
47, 220
87, 796
Pumps (steam, power, centrifugal, and rotary), new
orders
thous of dol
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only) , shipments
thousands
Household electrical appliances:
Refrigeration, output (seas adj )
1947-49—100
Vacuum cleaners (standard type), sales billed
thousands
Washers domestic sales billed A
do
Radio sets, production§
_
do
Television sets (incl. combination), prod.§
.do
Insulating materials and related products:
Insulating materials, sales billed, index
1947-49-100
Vulcanized fiber products:
Consumption of fiber paper
thous of Ib
Shipments of vulcanized products thous of dol
Steel conduit (rigid) shipments
thous of ft
Motors and generators, quarterly:
New orders, index
1947-49=100..
Polyphase induction motors, 1-200 hp:J
New orders
thous of dol
Billings
do
Direct current motors and generators, 1-200 hp:K
New orders
thous of dol
Billings
do _
r
2
1
3, 409
i 28, 153
120,274
i 42, 391
6,838
9,601
7,551
7,654
7,801
7, 786
8,228
7,143
6,982
6, 177
6.158
5, 838
2,265
2,638
1,961
1,254
1,178
1,605
1,878
2,469
2,856
2,688
3,042
' 2, 359
151
136
138
135
140
140
146
143
312.7
286.2
1,609.1
2 559. 8
281.6
230.7
1, 115. 8
361.2
231.2
207.3
254. 2
282.3
1,023.8 21,088.3
342.4 2 543. 8
218.3
335.1
612. 6
360.7
241.2
329,1
965.7
673.7
302.9
384.3
1,610.7
2
832. 6
328. 7
369.5
1, 569. 2
662.0
127
151
281.0
298. 4
1,715. 2
2 627. 0
276. 7
331.3
1,085.5
450.2
300. 9
319.6
1, 264. 8
464.7
139.0
154.0
146.0
153.0
145.0
148.0
140.0
127.0
134.0
135.0
133.0
123.0
4,464
1,784
33, 318
4,824
2,017
32, 913
4,302
1,917
33, 684
4,387
1,841
40, 916
4,306
1,799
25, 303
4,671
1,983
30, 410
3,498
1,488
45, 257
3,484
1,646
54, 636
4,184
1,605
36, 657
3,748
1,640
32; 492
3,847
1, 732
35, 044
3,613
1,692
28, 921
i 12, 339
2
2
203.0
209.0
189.0
174.0
50, 155
51, 859
49, 467
49, 717
49, 188
52, 321
44, 640
45, 146
i 12, 945
10,645
13, 293
14, 947
13, 124
8,317
11, 740
8,625
9, 347
i 1, 613
2,012
148
151
237. 5
251.1
206.8
260. 5
1, 688. 9 '31,793.3
574. 6 r3 573. 5
1
P934.8
?>446. 4
5,542
1,575
2, 328
2
3
Revised.
» Preliminary.
1 Data are for month shown.
Represents 5 weeks' production.
Represents 6 weeks' production.
©Revisions for gas .heating stoves (1954,1955, and January-August 1956), total warm-air furnaces (1955 and January-August 1956), construction machinery (1st and 2d quarters of 1956j and
tractors (1955 and 1st and 2d quarters of 1956) will be shown later.
cf Not strictly comparable with data shown in the 1957 edition of BUSINESS STATISTICS. Data exclude shipments of farm elevators and blowers; shipments of these products averaged
:$8.5 million and $11.0 million per quarter in the first 3 quarters of 1956 and 1955, respectively.
9 Includes data not shown separately.
AData beginning January 1957 exclude sales of combination washer-dryer machines. In 1956, such sales totaled 102,400 units and in 1957, 175,800 units.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for December 1956 and March, June, and September
1957 cover 5 weeks; for December 1957, 6 weeks; all other months, 4 weeks.
1 Data for polyphase induction motors cover from 28 to 32 companies; for direct current motors and generators, from 20 to 25 companies.
SURVEY OF CURRENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
S-35
1957
January
February
March
April
May
June
1958
DecemOctober NovemAugust September
ber
ber
July
January
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thons. of short tons_.
Stocks in producers' storage yards, end of mo do
Exports
_ _
_
_ -_
-- _do _.
Prices :
Retail, composite.
- _. dol. per short ton_
Wholesale, chestnut, f. o. b. car at mine
do
Bituminous: t
Production
thous. of short tons-_
Industrial consumption and retail deliveries, total
thous. of short tons _
Industrial consumption total
do
Electric-power utilities
do _C ok P ovens
_ _
_do_ .
Beehive coke ovens
do
Steel and rolling mills
_ _ __ _- do_ ..
Cement mills
do
Other industrials
_
_
- do
Railroads (claSvS I)
_
Bunker fuel (foreign trade)
Retail-dealer deliveries
_
_
2, 639
264
469
2,083
288
305
1.807
365
363
2.048
'385
362
2. 306
323
28.99
15. 575
29.41
15.575
29.41
15. 575
29. 43
15. 575
29.21
13. 671
27.58
13. 671
39, 495
44, 025
39, 410
42, 510
41, 670
42, 580
310
2, 564
281
289
2,306
394
449
2, 185
516
477
2,274
532
329
27.58
13. 671
27.98
14. 036
28.02
14 105
28.40
14 532
28.56
15 022
39, 270
34, 620
43, 030
40, 775
30, 810
29 280
12, 443
9,033
«>2 ceo
32, 302
29 759
12,469
8,751
466
1,486
308
r
38, 300
36, 290
35, 155
31, 249
13, 646
7,242
128
482
803
8,329
9,194
8,192
6,149
6,610
- do _ _ _
do
1,037
27
978
4
802
6
865
7
729
38
685
54
614
57
621
56
671
50
619
45
626
47
do_ -_
3,973
5, 773
4, 214
3, 578
2,619
1.674
1,502
1,530
2,119
2,543
78, 008
76, 886
45, 956
13, 894
539
1, 576
14,061
860
72, 973
72, 135
43, 409
12, 796
71, 956
71, 320
42, 806
13, 254
73, 335
72, 684
43, 984
13, 285
76, 082
75 324
45, 877
13, 903
75, 048
74, 106
47, 508
11,717
77,662
76 672
49, 085
12,504
79, 813
78 803
50,488
13, 002
1,212
12, 848
1,231
12, 976
1,342
12, 357
687
1, 306
13, 132
701
550
1,287
13,041
666
78, 271
77, 369
47, 592
13, 978
797
71,307
70 501
42, 262
12, 801
491
1,272
12, 887
788
727
665
1,371
12 505
1,450
12, 693
1, 122
838
806
636
651
758
902
942
990
5,070
4, 539
4,758
6,295
7, 455
7,605
7,816
7,300
7,446
6,542
do
Exports
do
Prices:
Retail composite
dol per short ton
Wholesale:
Screenings indust use f o b car at mine do
Larce domestic sizes f o b car at mine do
COKE
Production:
Beehive
thous. of short tons
Oven (byproduct)
do
Petroleum coke ?
do
Stocks, end of month:
Oven-coke plants, total
do _
At furnace plants
do
At merchant plants
- do
Petroleum coke
do
Exports
do _
Price, beehive, Connellsville (furnace)
dol. per short ton..
511
1, 377
13, 245
499
521
308
386
724
6,925
30, 770
29, 268
12, 210
8,782
257
310
646
6,392
634
229
307
442
517
30 769
13, 034
9,043
249
309
803
553
654
28,90
p 15. 513
34, 328
31 132
13, 345
7,870
224
320
754
6,577
32, 208
30 534
12,322
9,130
28.90
15. 092
r
r
352
415
737
7,430
429
475
773
33, 369
30, 750
12, 237
8,812
1,836
500
270
35, 696
32 113
13 521
8,727
405
481
718
7,953
418
593
809
37, 281
33, 703
13, 565
9,397
240
T
42, 810
37, 037
15, 669
9, 372
35, 992
31, 778
12, 937
8,476
r
1,938
510
45, 455
39, 044
35, 071
14, 469
9,383
367
523
838
8.427
Stocks, industrial and retail dealers', end of month,
total
thous of short tons
Industrial total
do
Electric-power utilities
do
Coke ovens
.do
Steel and rolling mills
do
Cement mills
do .
Other industrials
do
Railroads (class I)
do
Retail dealers
2,342
342
658
195
403
807
7,787
r
142
440
805
7,880
43
584
35
3,583
3,196
3,905
81, 330
80 342
51, 070
14,002
664
81,383
80 449
51, 238
13, 938
487
1,531
12, 630
625
79, 207
78, 296
48, 907
14, 092
461
1,524
12, 667
646
1,010
934
988
911
6,435
5,268
4,901
506
607
T
462
1,573
12, 617
618
16.31
16.31
16.32
16.26
15. 94
15.96
16.07
16.14
16.38
16.52
5.433
7.630
5. 467
7.641
5 467
7.641
5.465
7.484
5.596
7.135
5.603
7.095
5.601
7.166
5.599
7.282
5 597
7.405
5 572
7.558
5.575
7.611
225
6,620
549
255
6,604
572
248
5,966
508
263
6,632
515
215
180
6,221
6,461
155
6,207
559
138
6,364
519
151
6,369
562
6,159
6,157
553
599
••84
5,532
586
75
6,090
592
2,326
1,924
402
264
57
2,096
1,793
303
292
78
2,015
1,765
2,108
1,800
2,154
1,758
2,260
1,766
494
372
71
2,296
1,743
553
394
77
2, 423
1,781
396
345
64
642
400
66
2,545
1,829
716
401
87
2,599
1,816
783
435
81
2,764
1,947
817
459
60
2,963
2,095
868
501
56
3,137
2,183
964
15.00
15.00
15.19
15.25
15.25
15.25
15.25
15.25
15.25
15.25
15.25
15.25
15.25
2, 335
228 673
93
252, 361
2,667
231 880
2,233
215 099
2,164
939 214
2,181
213 052
2,823
210 379
2,353
206 967
2,761
212, 650
90
2, 590
230 696
1,991
213 202
91
2,144
226 231
2,105
204 721
94
256 485
226 461
249, 445
232, 197
247, 760
236, 002
243, 412
250 847
237, 606
237. 143
230, 773
284, 517
77, 737
184, 129
22, 651
281, 769
74,340
184, 557
22, 872
250
337
61
308
369
73
521
118
137
16.58
5. 565
7. 665
37, 120
16.61
16.26
r
r
2,197
P5.560
P 7. 727
50
15.25
PETROLEUM AND PRODUCTS
Crude petroleum:
Wells completed
number
Refinery operations
percent of capacity
Consumption (runs to stills)
thouc of bbl
Stocks, end of month :
Gasoline-bearing in TJ S totftl
do
At refineries
do
At tank farms and in pipelines
do
Exports
Imports
-
-
do
do
90
88
89
90
86
89
r
86
254, 911 265, 796
74,950
70, 370
162 363 169, 247
22, 1 78 21, 599
275, 963
76, 502
177, 653
21,808
284, 312
77, 210
184, 168
22, 934
288, 241
75, 961
190, 058
22,222
283, 388
75, 841
185 097
22, 450
14, 100
27, 669
3 07
9,147
28, 537
3 07
3,703
33, 466
3 07
1,745
33. 119
3 07
1,197
41, 418
3 07
41, 149
3 07
32, 873
3 07
1,007
37, 651
3.07
28, 392
3.07
56, 970
35 546
57,680
37, 351
52, 934
33,964
55, 444
34,196
53,180
33, 033
54,236
33, 776
55, 979
33, 754
53, 164
32, 987
52, 863
32, 602
52, 006
32, 059
92,960
60,868
65,815
•50, 509
60, 855
50, 220
45, 901
47,202
32,883
41,902
31, 970
37, 801
31,120
38, 190
33, 674
39, 380
38, 362
35, 569
r 48, 669
r 42, 607
60, 497
45,304
9,904
8,861
7 999
6,963
7,994
6 938
6,570
8,421
8,791
6,474
7,940
8, 205
6,314
7,648
8,183
6,238
7,250
7, 737
5, 510
7,659
7,976
5,790
7,906
8,345
5,644
7,687
7,874
6,421
2 8, 146
8,101
6,684
2 7, 596
7,345
100, 572
38 403
85, 105
36 201
76, 245
37 371
78, 743
37, 429
98, 060
41.036
117, 364
45, 572
138, 359
49, 621
159, 124
52, 645
173, 269
58, 727
176, 388
60, 025
166,763
59, 622
7 035
4,110
7,634
3,466
6,956
3,853
4,761
3, 494
3,699
2,933
2,313
2,544
2,643
2, 516
2,447
2, 332
1,332
1, 574
2,022
2,279
2,239
1,898
.105
1.75
266, 014
71, 721
173 278
21, 015
256, 244
70, 324
164 383
21, 537
256, 344
70, 613
164 538
21 193
10, 544
29, 377
2 82
7,458
26, 568
2 82
7,909
23, 621
3 07
65, 662
40,990
Refined petroleum products:
Fuel oil:
Production:
61, 413
Distillate fuel oil
thous of bbl
39, 922
Residual fuel oil
do
Domestic demand:
ir 71, 379
Distillate fuel oil
do
i 54, 381
Residual fuel oil
do
Consumption by type of consumer:
8,268
Electric-power plants
do
8.712
Railways (class I)
do
7, 916
Vessels (bunker oil)
do
Stocks, end of month:
133,
981
Distillate fuel oil
do
44 491
Residual fuel oil
do
Exports:
7,959
Distillate fuel oil
do
3,226
Residual fuel oil
do
Prices, wholesale:
Distillate (N. Y, Harbor, No. 2 fuel)
109
dol per sral
2 25
Residual (Okls No 6 fuel)
dol per bbl
Kerosene:
11, 735
Production
thous of bbl
1' 14, 124
Domestic de-maud
do
31, 420
Stocks end. of month
do
659
Exports
- do
Price, wholesale, bulk lots (New York Harbor)
.115
dol. ner eal_.
87
995
280, 469
74, 575
183, 044
22, 850
739
r 926
119
2 45
119
114
105
105
2 45
2 35
2 35
2.35
2.15
105
2 45
2 05
1 95
1 75
11,384
17, 946
24 019
1, 059
9 874
12, 153
21 013
10, 307
10, 291
20, 223
8,440
4, 327
26, 374
7,718
4, 948
31, 713
7,804
4, 828
34, 576
8.230
' 10, 085
34,384
373
7,617
3,826
28,872
378
8,284
6,486
36, 382
930
8,520
6,747
21,512
579
67
211
9,709
11, 442
32,696
109
.115
.125
.125
.125
.120
.120
.114
.110
.110
.110
.110
109
119
892
114
109
28
225
1,088
7,048
7,168
1,825
1,804
93
' Revised.
J» Preliminary.
1 Revisions for 1956 (thous. bbl.): Distillate (January-June)—83,728; 69,192; 65,609; 46,587; 38,320; 33,448; (September-November)—41,031; 44,285; 57,754; residual (January-November)59,621;
54,396;
52,599;
46,742; 43,687; 39,999; 36,217; 39,480; 39,487; 45,714; 50,490; kerosene (January-November)—17,423; 13,870; 12,086; 7,980; 5,205; 4,342; 6,171; 6,876; 8,121; 8,753; 12,373.
2
Revisions for October and November 1956 (thous. bbl.): 8,745; 8,377.
{Revisions for January-October 1956 for production and consumption will be shown later.
9 Includes nomnarketable catalyst coke.
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1957
1956
December
February 1958
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Lubricants:
Production
_thous. of bbl__
Domestic demand _
do
Stocks, refinery, end of month
__
do
Exports
do
Price, wholesale, bright stock (midcontinenf, f. o. b.
Tulsa).__
dol. per gal__
Motor fuel:
Gasoline (including aviation) :
Production, total
thous of bbl
Gasoline and naphtha from crude oil
do
Natural-gas liquids:
Used at refineries (inch benzol)
do
Used in other gasoline blends, etc
do
Domestic demand
Stocks, end of month:
Finished gasoline
At refineries
Unfinished gasoline
Natural-gas liquids
_
_ _
4,960
3,774
10, 412
919
4,334
3, 382
10, 308
1,004
4,858
3,374
10, 428
1,312
5,124
3,653
10, 587
1,248
5,131
3,869
10, 710
1,074
4,246
3,037
10, 591
1,265
4,657
3,897
10,313
981
4,704
3,717
10, 124
1,087
4,378
3,169
10, 210
1,075
4,476
3,621
9,953
1, 065
4,423
2,881
10,396
1,043
.240
.240
.255
.255
.255
.255
.255
.255
.255
. 255
.255
.255
1*125,266
109, 792
123, 678
109,412
108, 205
95, 114
118, 591
103, 741
113,098
98, 775
120, 892
106, 630
119, 521
104, 930
120,506
106, 393
127, 794
112, 116
122, 960
108, 675
122, 103
107, 323
117, 026
102,699
12, 702
1,564
10, 974
2,117
12, 296
2,554
11, 836
2,487
12, 158
2,104
11, 506
3,085
12, 414
1,699
13, 171
2,507
13, 193
1,092
13,424
1,356
13,224
1,103
13, 764
i ' 1, 710
r
1,044
do
i»108,119
109, 295
96, 694
113, 166
115,820
124, 325
121, 598
130, 251
128, 808
113, 567
119, 334
107, 804
do
do
do
do
174, 654
96, 081
12, 617
20, 559
184, 942
106, 956
12, 760
17, 638
192, 428
113, 355
12, 842
17, 661
193, 540
109, 922
13, 176
19, 063
188, 649
104, 636
12, 758
20, 742
183, 064
99, 869
12,030
24, 818
177, 997
94, 597
12, 066
27, 259
166, 654
88, 664
11,214
28, 448
162, 810
85, 468
11,221
29, 092
170, 056
89, 184
10, 632
29, 271
169, 988
87, 922
10, 914
27,838
175, 851
91, 387
11,290
25, 575
4,200
3,619
3,003
3,512
2,117
2,081
2,458
1,744
2,314
2,395
2,086
2,629
1,529
.115
.215
.115
.227
.125
.225
.125
.220
.125
.222
.125
.222
.123
.222
.116
.223
.118
.223
.120
.214
.120
.220
.120
.219
.217
9,596
7,340
12, 435
7,439
9,413
7,788
12, 815
7,696
8,243
6,299
12,918
7,438
9,611
7,999
12, 615
7, 582
8,824
6,993
12, 397
7,285
9,573
7,289
13, 010
7,721
9,461
7,188
13, 085
7,873
9,862
7,682
12, 889
7, 716
10, 176
7, 834
13, 012
7,815
9,208
6,326
13, 332
7, 885
9,542
7,495
' 13, 709
8,497
8,985
5,965
13, 914
7,912
6,031
i 5, 304
5,322
6,207
6,552
5,185
5,830
6,766
5,326
6,800
7,941
4,868
6,203
6,478
5,322
5,813
6,120
5,656
4,412
4,333
6, 321
5, 514
7,122
5,470
5,260
5,832
5,248
3,702
4,064
5,042
4,723
5, 296
4,681
4,245
4, 551
4,645
4,905
9,150
3,918
10, 381
3,909
11,314
5,496
12, 972
6,538
14, 606
8,303
15, 160
9,012
14, 435
9,789
11, 509
10, 505
9,970
9,318
8,586
8,085
7,863
6,107
8,996
477
658
460
661
376
632
499
670
473
707
468
706
421
728
446
706
430
658
462
662
498
655
450
655
2,165
3,895
4,142
3,342
4,449
3,998
4,558
5,433
5,917
5,467
6,090
3,731
2,610
391
498
1,275
818
872
2,205
916
949
2,277
624
708
2,009
761
891
2,797
621
866
2,511
719
963
2,876
862
1,148
3,423
989
1,290
3,638
955
1,264
3,248
1,087
1,468
3,535
689
927
2,114
424
662
1,524
66
655
50, 663
103
1,335
78, 270
91
1,144
79, 454
74
2,165
67, 375
80
1,843
78, 501
65
3,414
68, 191
76
2,088
70, 228
81
2,233
87, 652
101
2,019
111, 718
115
1,835
78, 464
81
133
1,308
2,145
90,291 '66, 045
49
716
53,898
2,986
2,642
6,385
3,276
3,047
6,706
2,941
2 858
6,705
"2,766
"3
002
r
6,548
2,855
2 676
6,731
Exports (motor fuel, gasoline, jet fuel) _
do
Prices, gasoline:
Wholesale, refinery (Okla., group 3).dol. per gal_.
Retail, service stations, 54 cities
do_.
Aviation gasoline:
Production, total
thous. of bbl__
100-octane and above. _
do
Stocks, end of month, total
do
100-octane and above. _
__
do
Jet fuel:
Production
do
Domestic demand
do
Stocks, end of month
_ . _ .
do
Asphalt:0
Production
_
do
Stocks, refinery, end of month _ . , . _ , , „
do .
Wax:O
Production
do
Stocks, refinery, end of month
do
Asphalt and tar products, shipments:
A sph alt roofing, total
thous . of squares _ _
Roll roofing and cap sheet:
Smooth surfaced
do
Mineral surfaced
do
Shingles, all types
do
Asphalt sidings
Asphalt board products
Saturated felts
4,870
i r 3, 487
10, 182
1,197
_. _do_ _thous. of sq. ft._
short tons
r
PULP, PAPER, AND PRINTING
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of month
Waste paper:
Receipts
_
Consumption
Stocks, end of month
thous. of cords (128 cu. ft.)
_
do
do
2,840
2,638
6,229
3,255
3,137
6,409
3,137
2,827
6,719
3,129
3,080
6,766
2,716
3,025
6,449
2,826
3,094
6,155
2,884
2,905
6,078
short tons
do
do
652, 625
637 049
546, 391
699, 647
720 736
519, 690
678, 028
680 164
517, 109
720, 815
731 369
506, 251
724, 292
725 959
504, 557
734 710
496, 039
689, 816
481, 179
WOOD PULP
Production:
Total, all grades
thous. of short tons
Dissolving and special alpha
do
Sulfate
do
Sulfite
do
1, 672. 6
72 7
920 0
200.8
1, 904. 6 1, 709. 8
82 6
83 6
1 061 0 915 6
207.5
226.9
_
Groundwood
do
Defibrated or exploded
__
do
Soda, semichem., screenings, damaged, etc._do
Stocks, end of month:
Total, all mills
do
Pulp mills
„_ .
do
Paper and board mills
do
Nonpaper mills
.
_
do
Exports, all grades, total. .
Dissolving and special alpha
All other
.
do
do
do
1, 893. 7 1, 840. 4
92 0
93 9
1 037 3 993 1
225.5
220.9
613 716 723 279
505, 401 475, 135
3,226
3 196
6,697
713 496 782 049 rr 678,765 648 229
462*417 473 977 488, 311 613 211
1, 900. 7 1, 776. 1 1 590 2 1 894 9 1 742 8 1 961 1rl 850 6 1 624 8
93 2
82 7
91 4
74 7
80 1
72 1
87 0
78 8
1 052 9 981 7
857 5 1 063 2
969 0 1 086 9 1,037 3
882 4
201.2
211.0
182 3
192 1
234 3
210 2
195 9
208 8
251 3
264 3
248 2
232 0
227 4
225 9
246 2 r 237 0
96.3
95.6
100.4
96! 5
106. 5 r 94.0
88.3
83.0
183.6
166.0
155.5
178 9
189.8
195 8
186 5 165 7
231 5
78.0
169.4
262 6
90.1
181.5
244 0
91.2
167.8
267 2
96.7
179.6
263 6
95.4
168.8
912 0
189.5
617.1
105.4
884 0
208.8
575.3
100.0
871 5
206,6
564.3
100.6
869 8
206.9
561.1
101.8
859 8
209.2
544.0
106.6
879 2
218.2
556.5
104.5
862 5
222.2
535.3
105 0
879 1
213 0
559.7
106 3
873 0
213 7
556.1
103 3
852 1
200 3
553.4
98 5
880 3
217 6
564.3
98 5
'904 9
'239 9
561.5
103 5
890 5
220 6
568.8
101 1
52.9
16.4
36.5
48.7
14.5
34.2
41.7
17.2
24 5
76 1
17.1
59 0
50 4
14.1
36 2
57 1
23.9
33 3
59 7
23.0
36 7
58 4
25.9
32 6
46 2
18,1
28. 1
48 7
2&0
22 7
36 8
16.3
20 5
39 6
12.9
26 7
66 5
31.9
34 6
~-
"•"*
-(|
Imports, all grades, total
do
186.1
173.9
177.1
178.1
168.6
176.5
163.3
173.7
184.3
174.3
206.1
173,6
11.0
11.5
9.9
13.5
Dissolving and special alpha
do
12.2
10.0
11.4
9.2
10.0
12.3
8,8
11.8
166.2
176.2
160.4
Allother
do
165.9
166.5
151.8
162.3
156.8
164.4
176.0
193.8
164.8
' Revised.
» Preliminary.
i Revisions for 1956 (thous. bbl.): Lubricants (domestic demand), January and February, 3,511; 3,420; April-June—3,763; 3,978; 3,604; August-November—3358; 3,492: 4,152; 3,473: gasoline (total production), January-November—121,807; 111,816; 118,766; 109,419; 119,695; 119,316; 123,277; 125,184; 119,793; 117,008; 117,460; natural-gas liquids used in other gasoline blends, January-November—2,677; 3,203; 3,008; 2,700; 3,257; 2,925; 3,076; 3,592; 2,718; 1,474; 1,680; gasoline (domestic demand), January-November—100,562; 98,123; 112,383; 113,063; 123,822; 126,717; 120,864;
126,070; 111,583; 119.586; 112,187; jet fuel (domestic demand), February, 5,072; April-November—5,311; 6,462; 6,543; 6,438; 6,730; 7,351; 6,985; 5,686.
0Asphalt—5.5 bbl.=l short ton; wax—1 bbl.=280 Ib.
SURVEY OF CURRENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-37
1957
1956
December
January
February
March
April
May
June
1958
July
DecemOctober NovemAugust September
ber
ber
January
PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
Paper and board, total
thous. of short tons
Paper
do
Paperboard
do_ _
Wet-machine board
do
Construction paper and board
__ _. _do.
Paper, excl. building paper, newsprint, and paperboard
(American Paper and Pulp Association) :
Orders, new 9
thous. of short tons _
Orders, unfilled, end of month 9
do
Production
-- ..
do_ _
Shipments 9
do
Stocks, end of month $
_ _ _. _.
. .do.
Fine paper:
Orders, new
do. _ _
Orders unfilled, end of month
do
Production
- do
Shipments
do
Stocks end of month _ .
__
_do_ __
Printing paper:
Orders, new
do
Orders unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month.
do
Price, wholesale, book paper, "A" grade, English
finish, white, f. o. b. mill
dol. per 100 lb__
Coarse paper:
Orders new
thous. of short tons
Orders unfilled, end of month
do
Production
- -do
Shipments
_ -do
Stocks, end of month _.
do
Newsprint:
Canada (incl. Newfoundland) :
Production
- do
Shipments from mills
do _ _ _
Stocks at mills, end of month
_ do
United States:
Consumption by publishers
_ do
Production
_ _
do
Shipments from mills
do
Stocks, end of month:
At mills
do ..
At publishers
do
In transit to publishers
do _
f
r
r
2, 380
1,097
1, 088
12
184
2,672
1 217
1,211
13
231
2,432
1 104
1,090
12
226
2,655
1,183
1,224
13
235
2,602
1,169
1,180
13
240
2,664
1,172
1,237
12
243
2,512
1,110
1,147
15
241
2,243
998
1,005
10
231
2,668
1,151
1,238
16
263
2,519
1 061
1,191
12
256
2,796
1 201
1,304
13
277
780.8
696.1
960.3
823.2
415.5
873.7
693.6
1. 061. 2
885.3
494.6
794.0
669.1
957.2
798.1
503.9
905.7
720.3
1, 021. 3
859.9
519.9
830.9
706.9
1. 008. 6
849. a
518.2
863.9
685.4
1,007.5
859.5
604.9
802.6
680. 1
958.9
794.9
575.2
764.8
721.4
858.8
716 2
471 3
799.6
704.9
1, 001. 4
837.7
479.1
764.7
693.9
926.6
772 4
484.0
846.2
700.8
1, 056. 9
860 4
499.6
109.4
86.9
126.9
124.9
115.4
118.3
68.9
133.8
135.9
105.6
131.7
79.6
125.0
127.8
133.4
133.1
78.7
139.6
134.8
133.4
134.0
70.1
135.1
140.0
136.7
155. 4
77.5
136.7
150.2
139.3
114.7
70.6
125. 0
123 3
121.7
117 1
89 3
101 7
97 9
109 5
119.1
83 2
132.8
128 1
106.8
106.7
75.5
127.7
117.1
110.8
115.1
69 5
135.4
124 4
114.2
333.0
406.5
344.9
343.6
167.5
364.2
422.2
362.0
353.1
202.6
308.6
397.5
323.5
321.0
202.3
388.8
435.2
349.8
348.2
220.7
336.9
439.5
341.7
341.0
216.1
359.9
426.1
352.7
351.3
208.7
346.6
425 7
336.4
336 0
209.0
326.4
441 1
314 5
314 8
208.8
318.8
428 0
343.6
337 8
214.4
310.3
421 5
308.3
305.2
217.5
350.9
431 8
347.8
347 9
220.9
15.38
15.38
15. 38
15.38
15.38
15.88
15.88
15.88
15.88
15.88
15.88
290.5
163.3
298.4
301.6
97.3
334.6
156.6
344.1
334.5
123.1
302.1
148.2
308.0
297.4
107.8
322.5
157.4
318.5
320.3
107.4
302 3
148.7
312.0
310.6
108.7
296 0
137.6
309.4
304 0
103.9
292 5
143 5
289.8
285 1
117.0
277 2
150 5
252. 1
258 9
120.6
314.6
115.4
315.3
319.0
105.5
301 5
159.0
291.5
302.4
102.5
325 8
159.2
336.3
332.9
105.2
514.2
552.4
100.1
558.6
513.6
145.0
518.9
510. 9
153.1
574.2
526.5
200.8
554.8
538.4
217.3
573.0
574.3
216.0
532.0
548.5
199 6
549 2
578. 8
169 9
560.3
524.0
206 2
486 6
512.9
179 9
443.6
139.2
137.7
407.6
157.7
158.9
387.2
150. 7
151.6
463. 3
164.4
161.2
442.3
162.4
162.6
466.0
171.2
172.5
433 9
159.1
156 8
373 5
144.4
143 1
386.4
156. 5
153.7
10.2
523.5
112.2
8.9
551.1
113.1
8.0
591.7
119.6
11.2
580.2
107.8
11.0
592.6
100.9
9.6
589.7
96.5
11.9
585.6
101 8
13 2
653.4
101 5
15.9
704.9
100 0
464.2
Imports
do
Price, rolls, contract, delivered to principal ports
130. 10
dol. per short ton
Paperboard (National Paperboard Association) :
Orders new
thous. of short tons. 1, 148. 6
419.4
Orders unfilled end of month
do
1, 114. 3
Production, total
_
._ . do
82
Percent of activity .
Paper products:
Shipping containers, corrugated and solid fiber,
7,253
shipments
mil. sq. ft. surface area..
Folding paper boxes, index of value:
194.3
New orders
1947-49=100._
181.2
Shipments
- -do
••2,543
1 108
1,194
12
••228
r
2,305
1 054
1 039
13
199
15 88
'15.88
548.7
544. 4
184.1
504. 9
520 5
168 6
434.9
471.0
132 5
434 3
133.8
132 7
465.4
146.8
145.3
453 0
140 4
143 1
436 3
138.7
135 1
17 0
673.4
107 7
18.5
665.2
87 3
15 7
628.0
94 8
19 3
595.4
79 6
404 1
413 9
472 3
134. 40
134 40
134 40
1 114 5 1. 240. 8
506 5
418 3
1 000 8 1, 287. 9
77
94
1, 227. 7
547 0
1,161.1
91
1 347.0
481 3
1, 345. 7
97
447.4
429.1
427.9
459.4
450.1
411 5
495 0
130. 10
130. 10
133. 30
134. 40
134. 40
134. 40
134 40
1, 153. 2
471.7
1, 125. 7
91
1, 088. 6
454.3
1, 094. 6
94
1, 208. 4
408.3
1, 221. 0
94
1,211.3
493.7
1, 189. 8
92
1, 228. 3
384 1
1, 259. 7
93
1, 122. 9
370 7
1, 142 5
91
7,947
7,365
8,227
7,987
8,291
7, 739
7,550
9,028
8,407
9,012
8 410
6 815
193.3
173.6
194. 9
171.9
207.4
186.6
212.9
185.5
206.7
187.0
190.5
170 4
192.7
167.7
203.0
192 4
200.4
190 3
206.4
211 1
183 6
184 7
173.7
178 8
489
367
122
1,065
825
240
1,104
856
248
1,463
1,176
287
1,010
813
197
1,176
915
261
1,013
794
219
694
538
156
1,113
926
187
1,336
1,132
204
1,408
1, 176
232
1,271
1,043
228
39, 789
98, 871
44,760
44 932
99, 093
48, 951
43 676
103, 243
44, 188
48 782
102, 496
49, 371
43 816
98, 224
44,583
38 058
100, 473
406 9
134 40 v 134 40
1 130 0 1 085 1 1 047 9
355 2
376 2
340 8
1,240 7 1 051 1 1,081 7
92
79
80
7,697
PRINTING
Book publication, total
New books
New editions
_ _
. number of editions,.
do
do
1,058
856
202
579
478
101
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
45, 130
Consumption
long tons
Stocks, end of month
.
do _ _ 116, 469
57, 653
Imports, including latex and guayule
do
Price, wholesale, smoked sheets (New York)
.365
dol. per lb_.
Synthetic rubber:
93,764
Production
long tons.
72, 260
Consumption
do
202, 596
Stocks, end of month
do
19, 271
Exports
do
Reclaimed rubber:
Production
_
_
_do
Consumption
do
Stocks, end of month
do
r
Revised.
» Preliminary.
9 Data exclude estimates for "tissue paper."
20, 548
20,698
34, 969
52, 631
101, 758
46, 349
46, 427
100, 253
37, 487
48, 263
97, 820
42, 160
45, 368
102, 796
59, 896
46, 511
98, 717
52, 566
41 282
90, 694
30, 291
r
r
.333
.306
.315
.321
.328
.333
.329
.324
.301
.295
.265
.285
94, 277
85, 490
193, 724
17, 289
83, 235
77, 260
184,808
16, 878
93, 916
81, 650
181, 813
18, 101
82, 340
76, 355
173, 611
13, 966
95, 014
80 242
173, 441
16, 009
84, 413
70 456
173, 170
17, 584
80, 951
69 044
163, 648
19 817
93, 422
79 272
161, 688
18 029
94, 537
77 651
160, 507
14,696
106, 401
88 820
164, 705
16 697
106, 030
r
75 402
r
177, 967
16 549
103, 779
67 509
201, 149
19 620
25, 053
24,053
34, 552
21, 896
22, 773
32, 010
25, 051
24, 633
30, 975
22, 878
23,145
30,258
24,859
23,816
29, 847
22, 402
21, 352
30, 379
20, 444
19, 676
29. 972
20,423
22 429
28,521
19,892
21 704
25.983
26, 407 '22,083
24 925 r 20 583
27. 171 ••27.855
20,050
18 196
29.301
.275
SURVEY OF CUREENT BUSINESS
S-38
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1958
1957
1956
December
February 1958
January
February
March
April
May
June
July
Novem- DecemAugust September
ber
ber
, October
RUBBER AND RUBBER PRODUCTS—Continued
TIRES AND TUBES
Pneumatic casings:
Production
thousands
Shipments, total
Original equipment- _ .
Replacement equipment
Export _
Stocks, end of month..
Exports
jnner tubes:
Production
Shipments
do
do -_do_ _.
do _
r
8, 537
9,504
9,169
9,766
8,950
9,490
8,489
8,443
8,917
8,641
9,708
8,248
7,615
T
7, 529
3,579
3, 785
166
8,874
3,496
5,195
183
8,539
3,361
5,051
127
9,114
3,381
5,579
154
9,381
3,246
5,989
146
9,150
3,230
5,787
134
9,310
2,993
6,191
127
9,840
3,068
6,646
126
9,833
3,214
6,488
130
7,723
1,688
5,902
133
8, 154
2,621
5,350
182
7,171
3,398
3,630
143
6,559
3,070
3,342
148
r
....
__ do „
do
19, 872
163
20, 490
144
21, 008
144
21, 743
171
21, 308
202
21,630
152
20, 783
120
19, 316
120
18, 477
139
19, 393
124
20,985
136
22,171
142
23,225
163
.
_ _ _ do. _
do
2,670
2,837
3,364
3,829
3,362
3,291
3,822
3,397
3,428
3,104
3,548
3,214
3,025
3,472
2,941
3,708
3,134
3,683
3,365
3,483
3,764
3, 172
3,243
2,736
2,778
2 717
6,109
76
6,789
32
5,960
78
6,540
76
6,969
90
7,422
80
6,946
75
6,287
63
5,966
74
6,174
77
6,909
100
7,444
83
7,671
84
20, 287
31, 406
104
35, 732
30,884
104
30,707
30,121
98
25, 014
25, 827
31, 164
84
21,039
22,386
73
17, 023
23, 187
11 326
28, 550
14 626
__
Stocks, end of month _
Exports.
do
do_
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement.
Percent of capacity
Shipments finished cement.
Stocks, end of month:
Finished
_ _
Clinker
thous. of bbl
24, 429
17,990
65
11,927
15, 274
66
22, 642
76
20,757
23, 351
27,485
92
26, 462
thous, of bbl
29, 203
91
29,758
22, 440
9,443
29, 828
14, 337
32, 382
18, 625
34,277
21 621
34, 893
23, 620
33, 176
22 539
29, 885
20, 550
24, 345
17 979
20, 018
13 881
20, 250
11 016
19, 213
9 444
Brick, unglazed (commercial and face):
543, 191
Productiond"
_
thous. of standard brick
Shipmentsc?_
_ _ _ _ _
d o _ , 437, 895
Price, wholesale, common, composite, f. o. b. plant
30. 863
dol. per thous
437, 692
314, 030
400, 758
370, 935
467, 798
454, 575
534, 682
523, 085
564, 799
585, 612
577, 448
567, 339
593, 044
609, 478
625, 020
634, 291
583, 681
569, 602
611 704
602, 404
30. 863
30. 814
30. 814
30. 814
30. 814
30. 914
30. 914
30. 816
30. 816
30.816
179, 671
119, 949
166, 580
107, 907
148, 236
111, 676
154, 151
133, 298
153, 240
139, 420
162, 551
152, 142
149, 829
151, 929
153,639
153, 730
157, 908
168, 799
61, 768
51, 275
54, 447
46, 451
49, 962
44, 170
57, 747
51, 984
52, 258
47, 677
53, 688
51, 580
58, 258
56, 386
62, 183
57, 873
54, 320
50, 904
46, 081
45, 825
49,628
49 266
45, 805
38,727
10, 323
11, 657
11,057
12, 617
11, 695
12, 505
12, 747
12, 565
14, 090
12, 201
13, 089
11, 366
10, 708
9,426
10, 022
9,710
11, 109
11, 021
12, 611
12, 081
12, 194
17, 867
9,110
12, 467
11, 787
9,264
765
948
892
1 100
1,091
1,182
1,238
1,350
2,501
1,554
1 398
1,085
779
2,723
2,997
2, 843
3,049
2,963
3,435
3, 425
3,604
5,811
2.720
3,604
3,386
2,669
721
667
1,177
1,397
818
1,061
2,791
961
911
1,546
3,513
1,056
594
765
802
201
484
577
963
2,902
967
184
1,441
3,278
1,004
903
546
986
2,498
729
13, 897
14, 976
16, 107
16, 943
16,128
17, 352
do
do
83
19, 320
17, 827
23, 967
83
67
f
r
CLAY PRODUCTS
Clay sewer pipe and fittings, vitrified:cf
Production
short tons
Shipments- ._
_____
_ _ __
_ _ do
Structural tile, unglazed.'cf
Production
__
_
do_
Shipments
do
143, 587 r!73 215
150, 045 '•164,643
532 650
478, 223
30. 816 » 30. 816
145 230
117, 111
GLASS PRODUCTS
Glass containers:
Production _ _ _ _ _ ... _ _ _ . _ _ _ _ thous. of gross__
Shipments, domestic, to taL. __ _
_ _
do _
General-use food:
Narrow-neck food
do
Wide-mouth food (inch packers' tumblers, jelly
glasses, and fruit jars)
thous. of gross_
Beverage _
._
__ _ . _ _ _ do
Beer bottles
_
do
Liquor and wine
_
_ _ do___
Medicinal and toilet
do
Chemical, household and industrial
_ do_ _
Dairy products
do
Stocks, end of month
do
1,088
2,459
515
508
942
158
799
889
1,190
2,899
1,024
1,060
2,810
1,076
1,351
1,300
1,064
2,842
1,268
1,403
1,333
1,157
2,470
880
175
2,619
169
1,343
1,835
3,882
1,367
310
350
495
832
2,288
676
195
17, 318
17, 793
17, 439
17, 860
17, 955
13, 866
16, 688
159
149
905
963
179
GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
Production
thous of short tons
do
Calcined, uroduction quarterly total
do
Gypsum products sold or used, quarterly total:
Uncalcined uses
short tons
Industrial uses
_
Building uses:
Plasters:
Base-coat
All other (incl. Keene's cement)
Lath
_
Wallboard
All other O
1,012
2,263
1,956
764
1,161
2,326
1,316
2 509
1,861
1,787
1,983
2 130
926, 693
663, 237
779, 707
793, 531
do
83,481
83, 225
79, 582
78, 948
do
do
350, 230
319, 816
324, 642
295, 313
371, 901
340, 196
385 268
371, 781
530.0
1, 007. 8
47.2
496.7
1,002. 7
44.1
577.1
1,071.5
59.0
621.4
1, 155. 4
61.4
mil. of sq, ft_
do
- - do
f Revised.
» Preliminary.
cf Revisions to be published later are as follows: 1954 (annual data only); 1955 (annual and monthly); 1956 (January-August).
O Comprises sheathing, formboard, tile, and laminated board.
371
773
206
234
154
January
SURVEY OF CURRENT BUSINESS
February 1958
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
S-39
1957
1956
December
January
February
March
April
May
1958
June
July
11 103
11 316
11 100
2,1 045
365
5 640
1 820
1 604
1
5 520
5 328
1
1, 735
1,576
1,524
1
DecemOctober NovemAugust September
ber
ber
January
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
thous of dozen pairs
Men's apparel, cuttings:!A
Tailored garments:
Suits
_
thous. of units .
Overcoats and topcoats
do
Trousers (separate), dress and sport _ .. _do
Shirts (woven fabrics), dress and sport
thous. of doz_
Work clothing:
Dungarees and waistband overalls
_ ..do
Shirts
do ._.
Women's, misses', juniors' outerwear, cuttings:A
Goats
thous of units
Dresses
do _
Suits _.
_
.
do ._
Waists, blouses, and shirts
thous. of doz
10 816
12 126
11 628
12 394
1,612
2,068
1,820
1,888
1
320
248
244
11 099
308
4,944
5,520
5,136
5,472
1
1,616
2,020
1,884
1, 792
1
1
416
384
172
252
248
288
256
308
252
304
265
*325
252
304
220
288
1,487
16, 990
2 317
21,277
1,347
1,194
2 391
21, 709
1,411
1,246
3 174
26, 424
1, 257
1,338
1 431
27 189
1 204
27 884
1 908
19 816
876
861
676
1,154
454
1 208
13 772
13 805
1,
230
1
285
4 500
1,692
1 388
1
5,664
4 848
1
1, 270
1,504
1,516
1
252
320
248
328
2 702
20 844
2 362
19 035
1
1
200
265
2 458
18, 125
926
680
440
996
320
9 788
' 1 408 1 400
192
140
5 088
4 800
1,1 665
310
6 120
1,560
1,356
208
292
132
252
2 312
2 718
18 571
20 578
849
757
861
1 335
1 536
16 604
736
640
5,594
8,039
29,201
659 651 !819 816
656, 205
571 287
17, 573
17, 529
4 801
11, 308
1,420
45
16 391
16 334
2 220
12 549
1 565
57
1 249
1 154
232
973
2,499
639 776
666, 549
1, 845
1
265
*340
683
1 134
1 151
13 062
15 381
COTTON
Cotton (exclusive of linters) :
Production :
G innings!
thous. of running bales ._ 2 12, 815 3 13, 088
Crop estimate, equivalent 500-lb. bales
thous. of bales..
Consumption^
_
__ .bales. 630, 339 1842,452
Stocks in the United States, end of month,
r 20, 597
totalt
thous. of bales
18, 768
' 20, 567 18, 734
Domestic cotton, total
_ ._ _ _
-do
*
2,
616
On farms and in transit
do
1,911
15,204
Public storage and compresses __
-do. __ r r16, 387
I , 564
1,619
Consuming establishments
do
30
Foreign cotton, total
_ ._ _ do _ _
35
Exports .
_
_ ...
bales.. 939, 080
10,341
Imports
do
Prices (farm) American upland
cents per Ib
31 0
Prices, wholesale, middling, 1", average 14 markets
33.2
cents per lb_.
Cotton linters:
126
Consumption
thous. of bales _ _
Production
do
171
Stocks, end of month
_
__
do. ..
980
4
13, 151
4
687, 905
13, 310
690, 310
17, 390
17, 345
1,638
14, 031
1 676
15,911
15, 867
1,157
13, 080
1,630
!
809,727
670 259
648,964
!
14, 491
14, 448
1 080
11,877
1,490
13 240
13, 200
12 108
12, 074
6
6
10, 829
1 379
10, 049
1 227
39
790,738
13, 285
30 2
807,248
7,101
30 2
786, 740
9,851
29 8
603,064
3,412
30 6
659,701
5 349
31 5
525, 108
3 607
31 9
417, 607
6,300
32 3
336, 088
7 755
32 8
378 825
31 122
33 0
483, 654
16 148
32 3
525, 502
27 718
31 1
28 °
27 4
33.4
33.8
33.8
33.9
33.9
34.0
34.0
33.6
33.2
33.5
34.3
34.9
34.8
128
114
118
104
105
92
80
104
100
103
178
837
100
156
876
45
44
43
39
798
39
969
39
21 274
21, 234
10 542
9 634
1 058
« 11, 010
19 344
19, 305
7 257
10, 7R4
1 264
39
992
22, 505
22, 466
12, 185
9,312
3 10, 633
11 323
11, 284
6
34
297
9, 859
1 128
187
992
1,001
124
988
85
969
70
924
44
843
35
799
45
724
107
712
107
199
786
' 2, 550
46, 058
47, 289
11, 227
11, 430
43, 196
11, 925
2,520
58, 523
11,972
46, 606
11,798
47 780
11, 329
2,437
47 990
10, 369
39, 188
8,252
40, 917
9,165
v 2, 243
41 781
7,491
46, 253
8,943
49, 519
7,704
45 303
29.80
36.4
15.9
17.3
29.19
36.4
15.9
17.0
28.31
36.4
15.9
17.0
28.01
36.4
16.0
16.8
27.65
36.4
16.0
16.5
27.03
36.4
15.9
16.3
26.81
36.4
15.8
16.0
26.75
36.4
15.6
16.0
27.49
36.4
15.6
16.0
27.58
36.4
15 4
15 8
26.36
36.4
15.3
15.8
24.69
36.4
'15.1
15.5
24 76
p36. 4
J> 15 4
p 15.8
.687
.963
.684
.959
.676
'958
.662
. 938
.662
r.934
r
.663
.936
.663
'.938
.666
.940
.663
.940
-.660
.941
p. 670
•p . 957
20, 231
18, 725
11, 599
20, 161
18, 639
9,411
19, 929
18, 365
11, 281
19, 781
18, 246
9,223
19, 740
18, 174
9,088
19, 754
18, 067
9 361
19,704
18, 079
9,123
19, 769
18, 147
9,171
10, 790
8,749
8,731
10, 461
8,533
8,396
*8 481
8,368
8,441
19, 747
18, 133
8,963
448
8,231
19, 730
18, 144
7 951
398
7 309
2,021
1,871
443.2
195.0
»• 103. 8
121 1
3,074
3,403
2,656
3,057
2,443
2,568
436.2
181.6
98.3
126 3
1,811
1,984
1,692
2,400
1,799
1, 863
152
COTTON MANUFACTURES
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production, quarterly A
mil. of linear yd_.
Exports
thous of sq. yd
Imports
do _ _
Prices, wholesale:
Al ill margins
cents per lb__
Denim, white back, 28-inch, 8 oz/yd cents per yd _
Print cloth, 39-inch, 68 x 72
do
Shooting, class B, 40-inch, 48 x 44-48
do__
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f. o. b. mill:
20/2, carded, weaving
dol. perlb..
36/2, combed, knitting
_
do
Spindle activity (cotton system spindles) :t
Active spindles, last working day, total . -thous
Consuming 100 percent cotton
_ _ do
Spindle hours operated all fibers, total mil. of hr
Average per working day
do
Consuming 100 percent cotton
do
20, 241
18, 786
8.618
431
8,062
1
1
464
471
r
.669
.940
19, 985
18, 457
9,400
470
r
1
1
451
461
.666
. 938
454
r
1
374
456
459
19,753
18, 130
11 401
456
1
10, 475
1
25 26
MANMADE FIBERS AND MANUFACTURES
423.4
Fiber production, quarterly total 9
mil. of lb_
183.9
Rayon and acetate* Filament yarn
do _ .
102.7
Staple plus tow
do
109.7
"NToncollulosic (nylon acrylic protein etc )
do
1,993
Exports' Yarns and monofilaments
thous. of lb_
3,054
Staple tow and tops
do
122
Imports: Yarns and monofilaments
do
10, 277
Staple, tow and tops
do
Rayon and acetate:
107.5
Stocks, producers', end of month, total mil. of Ib
62.2
Filament yarn
do
45.3
Staple (incl tow)
do
Prices, rayon, viscose:
.880
Yarn filament 150 denier
dol per Ib
.316
Staple 1 5 denier
do.. .
Manmade broadwoven fabrics:
'
562,
116
Production quarterly total 9 A thous. of linear yd...
"•387,258
Rayon
and acetate (excl tire fabric)
do
r
r
73,
574
Ts ylon and chiefly nylon mixtures
do.
17,478
Exports, piece goods
_
thous. of sq. yd.
SILK
Imports, raw
thous. of Ib
Price, raw, AA, 20-22 denier
dol. per lb._
Production, fabric, qtrly. total A. -thous. of linear yd..
r
6
l
954
r
4.54
10, 317
r
9,485
9,172
8,454
7,422
6,789
5,851
5,892
6,495
439 8
163 8
109 6
r 134 7
1 599
1 902
193
5,284
104.6
58.2
46.4
105.6
59.2
46.4
111.3
62.6
48.7
116.7
64.3
52.4
122.7
67.2
55 5
125.6
69.7
55.9
124.5
69.9
54.6
122.6
69.6
53.0
121. 1
68 8
52 3
«• T122. 1
69. 6
52 5
124.8
70.1
54 7
130.4
71 8
58 6
.291
910
910
311
910
311
910
.311
P 910
P 311
14,396
553, 808
356 240
91, 755
12 815
15, 715
14, 274
13, 572
808
4 40
549
4.34
P 4 33
1,473
3,450
86
910
125
910
205
910
109
910
201
910
170
910
86
910
.316
.291
13,836
11, 896
559,629
364,454
85, 560
19, 156
1,123
4.53
774
781
524
513
557
4.55
9,119
4.64
553
4.57
4.60
4.52
8,155
4.48
.316
2
.291
15, 250
.291
.291
15,307
556, 106
358, 599
88, 621
14, 515
.291
10, 671
4
382
755
4.49
815
4 46
8,072
1,399
2 521
331
7,307
1,680
3 123
194
5,958
8
445 3
173 9
113 4
133 5
2,405
1 868
Revised.
* Preliminary.
Data cover a 5-week period.
Ginnings to December 13.
3 Ginnings to January 16.
Total ginnings of 1956 crop.
December 1 crop estimate.
Revised to include stocks held by warehouses not formerly reporting: data for August 1956-June 1957 are understated by an unknown amount.
f Data for January, April, July, and October 1957 cover 5-week periods (except data for men's apparel cuttings for January 1957 which cover 4 weeks) and for other months, 4 weeks;
cotton stocks and number of active spindles are for end of period covered.
§Total ginnings to end of month indicated, except as noted.
9 Includes data not shown separately.
ARevisions for 1955-56 are available upon request.
SURVEY OF CURRENT BUSINESS
3-40
Unless otherwise stated, statistics through 1956 and
descriptive notes are shown in the 1957 edition of
BUSINESS STATISTICS
1956
December
February 1958
1957
January
February
March
April
May
June
1958
DecemOctober NovemAugust September
ber
ber
July
January
TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool consumption, mill (clean basis) :1
Apparel class.-thous. oflb _
Carpet class
do
Wool imports, clean content
„
. _
do Apparel class (dutiable), clean content
do-_ Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Territory,
fine
dol. per lb__
Fleece, 3/8 blood
do
Australian, 64s, 70s, good topmaking, in bond__do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
dol. per lbWoolen and worsted woven goods, except woven felts:
Production, quarterly, total d"
thous. of lin. yd _
Apparel fabrics, total
do
Other than Government orders, total. __do
Men's and boys'
do
Women's and children's
do
Prices, wholesale, suiting, f. o. b. mill:
Flannel, men's and boys'
1947-49=100-Gabardine, women's and children's
do
20,696 i 26, 531
10, 728 i 14, 863
14, 773
24, 285
7,010
10, 506
22, 276
13, 376
21, 617
9,746
21, 482
12, 654
22, 546
9,114
1
1
25, 159
14, 359
18, 788
8,366
21, 321
9,552
15, 094
7,576
21, 558
8,274
14, 480
6,788
1
21,
1
281
8, 508
15, 411
6,245
19,277
9 779
18, 051
6,604
18, 377
9 554
19, 101
6,953
1
1
r
18, 425
11 938
14,722
5,235
13, 751
8 180
11,369
4,416
13, 110
7 639
r
1.625
1.195
1.525
1.625
1.195
1.525
1.625
1.188
1.575
1.622
1.170
1.575
1.645
1.181
1.575
1.675
1.270
1.595
1.675
1.271
1.625
1.675
1 272
1.625
1.675
1 285
1.625
1.638
1.265
1.625
1. 560
1 232
1.605
1.500
1 188
1.425
1.438
1 115
1.325
2.045
2.117
2.117
2.092
2.069
2.166
2.166
2.166
2.166
2.166
2.118
2,021
P 1. 926
118.0
100.4
"•115.2
100.4
115.2
100.6
45, 522
r 47, 130
1, 475. 8
15, 317
1 430 8
14, 340
74, 756
71. 328
70, 147
34, 782
35, 365
114.0
97.3
77, 301
73, 345
72, 047
37, 193
34, 854
115.4
97.3
115.6
97.3
115.6
97.3
81, 201
77, S73
77, 105
35, 481
41, 624
117.2
97.3
117.2
97.3
1. 400
1 070
1. 275
74, 930
71, 090
70, 187
30, 318
39, 869
118.0
97.3
118.0
97.3
118.0
100.4
118.0
97.3
TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
Orders, new (net), quarterly total
mil. of dol
Sales (net), quarterly total
-- _ do
Backlog of orders, total, end of quarter
do
For U. S. military customers.
do
Civilian aircraft:
Shipments
thous. of doL_
Airframe weight
thous. of Ib
Exports (commercial and civilian)^
thous. of doLMOTOR VEHICLES
Factorv sales, total ___
-.number
Coaches, total
do
Domestic
. . _do
Passenger cars, total
do
Domestic .- __
_ do
Trucks, total
do
Domestic
_
__
do
Exports, total©
do
Passenger cars (new and used)
do
Trucks a n d buses© _
_ _ _ _ _ _
_.do
Imports (cars, trucks, buses), total*-- - .__
do _
Passenger cars (new and used)*
do
Truck trailers (incl. trailer chassis), prod
do_ _.
Complete trailers
__
__do __
Vans _ - _ _
_ _ _ _ __ _ do
Registrations:
\^ew passenger cars
do
Nrew commercial cars
do
RAILROAD EQUIPMENT
American Railway Car Institute:
Freight cars:
Shipments total
number
Equipment manufacturers total
do
Domestic
do
Railroad and private-line shops domestic do
New orders totalcf
do
Equipment manufacturers total
do
Domestic
do
Railroad and private-line shops domestic do
Unfilled orders end of month total
do
Equipment manufacturers total
do
Domestic
do
Railroad and private-line shops domestic do
Passenger cars (equipment manufacturers) :
Shipments, total
do
Domestic
do
Unfilled orders end of month total
do
Domestic
do
Association of American Railroads:
Freight cars (class !):§
Number owned or leased end of month
thous
Held for repairs percent of total owned
Locomotives (class I) :
Steam owned or leased, end of month
thous
Held for repairs percent of total owned
Diesel-electric and electric:
Owned or leased, end of mo-.No. of power units. _
Serviceable end of month
do
Installed in service (new)
do
Unfilled orders end of month
do
Exports of locomotives, total (railroad-service and industrial types)
number
r
l
3,020
2,998
2,669
17, 795
11, 801
18, 350
12, 303
43, 168
1, 413. 7
25, 053
1,524
3,015
16, 304
10, 557
2,128
48, 431
1, 574. 9
23,067
49, 278
1, 554. 0
16, 516
46, 465
1, 615. 6
9,901
83, 965
2, 548. 0
16, 509
57, 723
1, 871. 6
26, 620
T
640,386
1,075
2,948
14, 431
9,161
69, 326
2, 104. 0
24, 495
591, 039
389
332
496, 329
484, 840
94, 321
76, 859
28, 306
10, 901
17, 405
21, 836
21, 261
5,110
70, 480
2, 086. 0
19, 682
T
581,075
62, 825
1, 940. 6
31, 298
r
611,749
662, 028
238
234
570, 023
556, 930
91, 767
73, 693
23, 534
10, 638
12, 896
15, 254
14, 813
677, 778
341
307
585, 734
569, 242
91, 703
73, 523
43, 724
18, 673
25, 051
22, 223
21, 435
647, 414
506
410
541, 733
526, 310
105, 175
84, 410
34, 723
14, 029
20, 694
22, 262
21, 549
4,783
2,625
5,090
4,832
2,654
5,555
5,263
2,608
5,536
5,278
2,580
5,574
2,665
4,603
2,364
514 061
65 698
437 320
56, 979
438 725
62, 129
572 917
74, 668
548, 609
75, 438
556 324
82, 308
517 043
71, 335
543, 264
79, 117
491 839
77 053
7,260
4,272
4,272
8,403
4,686
4,686
8,184
9,772
8,961
5,198
5,198
3 763
8,902
5,202
8,568
4,820
4,629
7,872
4,811
8,887
6,478
6,429
6,429
3,730
2,376
700, 740
228
103
617, 599
598, 394
82, 913
66, 123
43, 612
21, 739
21, 873
14, 106
13, 719
4,153
3,982
2,078
719, 431
269
257
628, 045
610, 678
91,117
73, 208
30, 210
14, 751
15, 459
16, 555
16, 101
5, 032
4,576
4,576
5,611
5,611
4 161
462
309
537, 112
522,
759
r
102,812
82, 930
34, 956
14, 635
20, 321
21, 536
20, 701
5,316
5,124
3 700
54, 745
1, 631. 1
19, 408
r
381,653
1,446. 3
24, 728
r
380,176
309
302
484, 718
474, 635
r
96, 048
76, 856
24, 221
315
281
521, 282
513, 290
r
90, 152
74, 212
27, 459
243
187
318, 279
315,
008
r
63 131
51, 016
17, 399
233
232
291, 064
282, 510
r
88 879
73, 707
18, 053
14, 659
23, 332
22, 753
4,111
17, 482
24, 466
23,698
12, 376
19, 919
19, 200
11, 780
27, 744
26, 389
5, 258
4,667
4,598
4,369
9,562
3,969
2,084
9,977
4,322
2,529
678,598
241
206
583, 783
560, 141
T
94, 574
78,928
2,512
30, 324
16, 000
14, 324
26, 945
26, 173
r 3, 974
rr 3, 631
2, 018
495 217
78 156
463 795
76, 899
408 534
61 920
8,500
4,947
4,897
8,328
27 460
38 258
7 260
4 033
3,915
3 227
1 090
977
957
113
60 238
25 442
24 398
34 796
5,023
4,184
2,522
3 061
1,108
832
832
276
86 489
39, 864
38, 604
46 625
4,716
4, 587
4 171
3 102
1 082
1,068
2 020
80 477
36, 203
34, 984
44 274
3 553
3 212
1 708
1,708
1,504
73 150
32, 954
31 785
40 196
4,664
r
6,273
4, 850
4,817
3 478
2 212
532
526
1,680
66 860
44,856
T
642,856
r
287
253
r
555 242
536, 369
87 327
72, 030
34, 502
19, 628
14, 874
108 990
48, 337
47, 055
60 653
1,908
1,354
98 604
46, 663
45 065
51 941
23
11
832
732
6
3
836
739
11
7
825
732
41
6
789
727
65
17
738
722
27
15
721
717
43
40
678
677
187
185
507
492
387
376
143
139
5
5
134
134
1 712
4.1
1,716
4.2
1,720
4.1
1,724
4.4
1,727
4.5
1,730
4.5
1,731
4.9
1,735
5.0
1 739
4.9
1 742
4.9
1 745
5.0
1,747
5.1
4
15.1
4
14.6
3
17.3
3
16.6
3
17.5
3
18.2
3
18.3
3
18.1
3
17.4
3
17.7
3
21.0
3
22.2
2
21.5
26, 823
25 856
110
814
26, 926
25 864
117
787
27,060
27, 125
26, 078
133
747
27,234
27, 453
26 400
125
462
27,602
26, 123
114
693
27, 383
26 423
119
582
27,548
26, 002
127
867
26, 462
112
395
26, 580
73
320
26 569
99
296
27,670
27,695
26 702
56
295
27, 859
26 773
160
488
27, 932
26, 827
81
443
69
49
79
64
37
62
54
50
51
69
68
68
9
5
842
724
9
3
840
728
1 708
4.0
4,263
101
3,349
817
817
2,532
28,602
p 2 3fiQ
P 2480 flfin
P 2 89
Vlfl
1,903
49
106, 472
49, 540
48, 258
56, 932
317
117 657
58, 971
58 571
58 686
3 608
4 389
2 202
1,865
2 187
113 247
53, 134
51 852
60 113
572 500
3,692
3,380
3 748
4, 889
2 128
2, 128
2 761
93 217
43, 853
42, 446
49 364
3 717
6 779
2 207
1,662
4 572
115 601
56 493
55 548
59 108
2 988
4 753
4 436
p2
2
Revised.
p Preliminary.
Data cover a 5-week period.
Preliminary estimate of production.
f Data for January, April, July and October 1957 cover 5-week periods; other months cover 4 weeks.
cfRevisions for 1956 will be shown later.
©Data for July-December 1956 have been revised to exclude exports of ''used" special-purpose vehicles; such types are included in the 1956 data published prior to the September
1957 SURVEY.
*New series (from Bureau of the Census). Data cover complete units, chassis, and bodies.
§Excludes railroad-owned private refrigerator cars.
U. S. G O V E R K M E N T P R I N T I N G O F F I C E : 1958
•INDEX TO MONTHLY BUSINESS STATISTICS, Pages
Pages marked 8
Sections, by general subject:
General business indicators
1-5
Commodity prices
5-7
Construction and real estate
7,8
Domestic trade
8-11
Employment and population
11-15
Finance
16-20
International transactions of the U. S
21, 22
Transportation and communications
23, 24
Chemicals and allied products
24-26
Electric power and gas
26,27
Foodstuffs and tobacco
__ 27-30
Leather and products...
30,31
Lumber and manufactures
31, 32
Metals and manufactures
3 2-34
Petroleum, coal, and products
35,36
Pulp, paper, and printing
36,37
Rubber and rubber products
__
_ _ 37, 38
Stone, clay, and glass products
38
Textile products
39,40
Transportation equipment
__
40
Advertising
8, 9
Agricultural employment
11
Agricultural loans and foreign trade. __ 16,17, 21, 22
Aircraft and parts
_
2,12, 13,14,15,40
Airline operations
23
Alcohol, denatured and ethyl
24
Alcoholic beverages
2, 6, 8, 27
Aluminum
33
Apparel
2, 3, 6, 8, 9,10,12,13,14,15,39
Asphalt and asphalt and tar products
36
Automobiles
2,3, 8, 9,12,13,14,15,16,17, 22, 40
Bakery products
_
2,12,13,14,15
Balance of payments
21
Banking
14,16
Barley
28
Barrels and drums
32
Battery shipments
34
Beef and veal
29
Beverages
2, 6, 8,12,13,14,15, 27
Blast furnaces, steel works, etc
12,14,15
Blowers and fans
34
Bonds, outstanding, issued, prices, sales,
yields
17,18,19, 20
Book publication
37
Brass and bronze
33
Brick
38
Brokers' loans and balances
16,19
Building and construction materials
8,9,10
Building costs
8
Business incorporations (new), failures
5
Business sales and inventories
3
Butter
27
Cans (metal), closures, crowns
32
Carloadings
_
23
Cattle and calves
29
Cement and concrete products
6, 38
Cereal and bakery products
6,12,13,14,15
Chain-store sales (11 stores and over only)
10
Cheese
27
Chemicals
2,3, 4, 6,12,13,14,15,19, 22, 24
Cigarettes and cigars
6,30
Civilian employees, Federal
12
Clay products
6,38
Coal
3,6,11,13,14,15,22,23,35
Cocoa
_._
22, 29
Coffee
22,30
Coke
- 23,35
Communications
11,13,14,15,19, 20, 24
Confectionery, sales
29
Construction:
Contract awards
7
Costs
8
Dwelling units
7
Employment, hours, earnings, wage rates..
11,
13,14,15
Highways and roads
7,8,15
New construction, dollar value
1,7
Consumer credit
16,17
Consumer durables output, index
3
Consumer expenditures
1, 9
Consumer price index
6
Copper
_
22,33
Corn..
28
Cost-of-living (see Consumer price index)
6
Cotton, raw and manufactures
2, 5, 6, 22,39
Cottonseed, cake and meal, oil
25
Credit, short- and intermediate-term
16,17
Crops
2,5,25,26,28,30,39
Crude oil and natural gas
3,11,13,14,15
Currency in circulation
18
Dairy products
2, 5, 6,12,13,14,15, 27
Debits, bank
16
Debt, United States Government
17
Department stores
9,10,11,17
Deposits, bank
16,18
Disputes, industrial
13
Distilled spirits
27
Dividend payments, rates, and yields
1,19, 20
Drug-store sales
9,10
Dwelling units, new
7
Earnings, weekly and hourly
14,15
Eating and drinking places.
9,10
Eggs and poultry
2, 5, 29
Electric power
6, 26
Electrical machinery and equipment
2,
3, 6,12,13,14,15,19, 22, 34
Employment estimates and indexes
11,12
Employment Service activities
13
Engineering construction
7,8
Expenditures, United States Government
17
Explosives
25
Exports (see also individual commodities)
21,22
Express operations
23
Pages marked S
Failures, industrial and commercial.
5
Farm income, marketings, and prices __ ... 1,2,5,6
Farm wages
15
Fats and oils, greases
6, 25, 26
Federal business-type activities
17
Federal Government finance
17
Federal Reserve banks, condition oJL
16
Federal Reserve reporting member banks..,..
16
Fertilizers
6,25
Fire losses
Fish oils and fish.
._ 25,30
Flaxseed
25
Flooring
31
Flour, wheat
29
Food products
- - - - 2,3,
*> »*t 4,
~t 5,
***
6, 8, 9, 10,12,13,14,15,19, 22 ,27,28,29,30
Foreclosures, real estate.
8
Foreign trade
....
21,22
Foundry equipment
34
Freight carloadings
.... 23
Freight cars (equipment)
.... 40
Freight-car surplus and shortage.
23
Fruits and vegetables
5, 6, 22, 28
Fuel oil
__
.... 35
Fuels
., 6,35,36
Furnaces.
34
Furniture
2,3, 6, 9,10,12,14,15,17
Furs
I
22
Gas, prices, customers, sales, revenues!
. 6, 26, 27
Gasoline
I.
9,36
Glass products
L
38
Generators and motors
34
Glycerin
L
24
Gold
18,21
Grains and products
_ 5, 6,22,23,28,29
Grocery stores
.. 9,10
Gross national product
1
Gross private domestic investment
1
Gypsum and products
.. 6,38
Hardware stores..
9
Heating apparatus
.. 6,34
6, 22, 30
Hides and skins
Highways and roads.
. 7,8,15
Hogs
J
29
Home Loan banks, loans outstanding]
8
Home mortgages
|
8
Hosiery
39
1,13,14,15, 24
Hotels.
Hours of work per week
... 12,13
6, 8, 9,10
Housefurnishings
3, 6, 9,34
Household appliances and radios.
Imports (see also individual commodi ies).
21,22
1
Income, personal
Income and employment tax receipts.
17
Industrial production indexes.
2,3
Installment credit
16,17
Installment sales, department stores.
10
Instruments and related products. 2 3,12,13, 14,15
Insulating materials
34
18
Insurance, life
Interest and money rates
16
Inventories, manufacturers' and tradi
10,11
Iron and steel, crude and manufactures
2,
6, 8,12,14, ^5,19, 22, 32,33
Kerosene
35
Labor disputes, turnover
13,14
Labor force
11
Lamb and mutton
_J
29
Lard
L
29
Lead
33
Leather and products
2,
3,6,12,13,14,15,30,31
Linseed oil
26
Livestock
J _ _ 2, 5, 6, 23, 29
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit).
8,16,17,19
40
Locomotives
Lubricants
36
Lumber and products.
2,
3,4, 6,8, 9,10,12, 14," IS," 19,31,32*
Machine tools
34
Machinery
2, 3, 4, 5, 6,12,13, 14,15,19, 22, 34
Mail-order houses, sales
1
11
Manmadefibersand manufactures_ 1 .
6, 39
Manufacturers' sales, inventories, orders.
3,4, 5
Manufacturing production indexes_ I
.
2,3
Manufacturing employment, production work11,12,13,14,15
ers, payrolls, hours, earnings
26
Margarine
Meats and meat packing
2,5,6 12,13,14,15, 29
Medical and personal care
Metals
2,3,4,5,6,11,12,13 14,15,19,32,33
27
Milk
Mining and minerals
2,3,11 13,14,15,19, 20
Monetary statistics
18
Money supply
18
Mortgage loans
8,16,18
Motor carriers
_
23
Motor fuel
_
36
Motor vehicles
. 6, 9,19,40
Motors, electrical
34
National income and product
..
1
National parks, visitors
24
National security expenditures
1,17
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
2, 6,12,14,15,19, 22,33
Noninstallment credit
17
Oats
_
28
Oil burners
.._
34
Oils and fats, greases
J
6, 25, 26
Orders, new and unfilled, manufacturers'
5
Ordnance
I.
12,14,15
Paint and pain
Panama Canal
Paper and
Passports issue*
Pjayrolls, ind<
Personal incom
Personal saving
Petroleum and
FJig iron __
Plant and «
Plastics and .„
Plywood _____
Population ___
Pork ________
Postal savings
Poultry and
Prices (see a,.
i Consumer p
I Received ar
j Retail price
i Wholesale
Printing and ,.
Profits, corpor
Public utilities
^ullman Com
Pulp and pul
pumps _____
purchasing
Radiators and
Radio and tel<
Railroads ____
] Railways (lo
! Rayon and £..
!Real estate. _.
! Receipts, Unil
! Recreation. _.
! Refrigeration f
! Rents (housin
Retail trade, i
stores and
! department
Rice ________
Roofing and a r-_
Rubber and tffjdfj
Rye.
Saving, persofi
Savings
Securities
{Services _____
Sheep and lai
{Ship and boaj
| Shoes and o
j Shortening.
! Silk, prices,
Silver _______
i Soybeans anc
Spindle actir
Steel ingots
i Iron and i
Steel scrap.
Stocks, d< .
Stocks, divi
sales, listi
Stone and ea
Stoves .....
Sugar.
Sulfur
Sulfuric acid
Superph<
Tea imports.
Telephone,
graph can
Television
Textiles and)
Tin ________
Tires and i:
Tobacco anc
Tools, mach fj^_|
Tractors ___
Trade, retail
Transit lines
Transport*
ment
Travel
Truck trail
Trucks
Unem
United Sta
United Stal
Utilities...
Vacuum ct
Variety st
Vegetable o
Vegetables
Vessels clea
Veterans'
Wages and
Washers..,
Water heal
Wheat and
Wholesale
Wholesale
Wood pulp
Wool and
Zinc
JNJITED STATES
GOVERN^ ENT PRINTING OFFICE
DIVISION Of PUBLIC DOCUMENTS
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $30O
(GPO)
NGTON 25, D. C.
OftFIfciAL BUSINESS
t- Class Mail
or 1957
MAJOR BUSINESS INDICATORS, 1952-57
Item
Nath>naj In come and Product
Gross na;ic>nal pr olduct, total (bil. of dol.)_
Personal eorsu Qtiption expenditures
Gross pr ivate d omestic investment
Net fork gninv ej stment
Governnlent pqjrchases of goods and
service S
4.
Nationalfii icoii-4 Oil. of dol.) <?
Pers,9nal Income
Total (bi]L of dot )[
Wage aln d salar 3J disbursements, total. _
Comm odityt]producing industries
Distrilmtr re|
Service> incujs
Govenimeatj.
Other lilDor ini1 ±e~
Proprielt srs' in d rental income
Personal internst Income and dividends.
Transfer payta 3IltS
Less personal contributions for social
insuraiice..
Totalnona grieiLH ufal income (bil. of dol.) .
»p
1952
1953
1954
1955
1956
19571
Item
345.4
218.3
49.8
-.2
363.2
230.5
50.3
-2.0
361.2
236.6
48.4
—• 4
391.7
254.4
60.6
-.4
414.7
267.2
65.9
1.4
434.4
280.4
64.4
3.2
77.5
290.2
84.4
302.1
76.6
299.0
77.1
324.1
80.2
343.6
86.4
358,0
Production
Farm marketings, physical volume, total
(1947-49=100)
Crops
Livestock and products
Industrial prod., total (1947-49=100)
271.8
184.9
80.4
48.7
23.0
32.9
5.3
50.8
21.3
13.2
286.0
197.4
87.7
51.3
24.5
33.9
6.0
49.3
23.0
14.3
287.4
195.5
83.6
51.9
25.8
34.3
6.2
49.1
24.9
16.2
305.9
210.3
90.9
55.4
28.2
35.9
6.9
49.4
27.1
17.4
326.9
227.2
98.3
60.1
31.1
37.9
7.5
49.9
29.5
18.5
343.3
238.8
102.0
63.7
33.3
39.8
7.9
51.2
31.0
21.2
3.8
253.1
3.9
269.2
4.6
271.3
5.2
290.6
5.7
311.7
6.8
327.5
28. 322
11,908
5,648
6,260
986
1,311
1,565
4,552
8,000
26, 827
11,038
5,091
5,948
975
854
1,512
4,219
8,230
28, 701
11, 439
5,436
6,003
957
923
1,602
4,309
9,471
35, 081
14, 954
7,623
7,331
1,241
1,231
1,712
4,895
11,048
37, 034
16, 049
8,047
8,002
1,254
1,391
1,800
6,278
10, 262
New Plaijt and I iquipment Expenditures
All indust es, 10 taj (mil of dol )
26, 493
Manufa uring
11, 632
5,614
Dural e-go x Is industries
Nond abli H Hoods industries
6,018
Mining.
985
Railroac
1,396
1,500
Transpc taticn , other than rail
3,887
Public i ilitfcfi
Comme: ialanHteer
7,094
" |r
Manu acturi ng and Trade Sales,
Ii vent >ijie i, and Orders
„ 551.3
Sales, tota (bil. (If ol)_
Manufa< uring a taL,
_. 274.2
. . . 131.2
Durab e-godd[3 i adustries
Nondi ableh>oc ds industries
143.0
114.8
Wholesa etrati e , otal
. _ 39.3
Durab le-godc1 3 < stablishments
75.4
Nond rable •got ds establishments
162.4
Eetail t ade, tc i;a
Durab le-goocl£ { ;ores
55.3
Nond rable Tpo jg stores
107.1
Inventorie 3, b O ) BC ralue, end of year,
74.1
unadj sted, 1
44.0
Manufa ;urin i , t<5tal_24.4
Durab e-gooc f industries
Nond rable gpojfls industries. _
_
19.6
9.9
Wholesa e trad el t )tal
Durab e-gootIs e itablishments
4.7
5.2
Nond rablej100 is establishments
20.2
Retail t ,de, t<b tjal
9.2
Durab e-gooi Is) s ores
Nond -able- T0o< s stores
11.1
Manufact *ers' c riels (mil. of dol.):
282, 987
New (ne ), toti ilj. j
140, 250
Durab 5-gOOC s industries-.142, 737
Nondu ableUnfilled ind o: year, unadjusted
76, 343
Durab J-gOO(
73, 176
Nondu able-jpods industries.
3,167
r; i1 . ,
Pri|es
Prices rece ijed fr j Umers (1910-14=100)
Prices paicllby fa rinejrs, all commodities
and serv icies, ir terest, taxes, and wage
rates (19 10-14= L00)'[
Parity ratio|(1910 -14*100)
Consumer prices (1047-49=100)
Wholesale p ices 1§47-49=100):
All comraoditie 3 , ! combined index
Farm jproduc ;si 1.
'
._
Foods, proces 5 eM---__
!
All oth e '*
JL
•rt
"""
581.0
294.2
148.5
145.7
117.7
41.4
76.3
169.1
60.4
108.7
568.3
282.4
134.8
147.5
116.8
40.0
76.8
169.1
58.2
111.0
627.3
316. 1
156.9
159. 1
127.4
48.2
79.2
183.9
67.0
116.9
657.6
332.5
165.7
166.9
135.3
52.8
82.5
189.7
65.8
123.9
675.8
340.6
169.9
170.7
135.2
50.4
84.8
200.0
68.5
131. 5
77.3
45.7
26.3
19.5
10.3
4.9
5.4
21.2
9.9
11.3
74.3
43.3
24.1
19.2
10.3
4.9
5.4
20.7
9.2
11.4
80.3
46.6
26.6
20.0
11.3
5.6
5.7
22.4
10.4
12.0
87.8
52.5
30.6
21.9
12.9
6.3
6.6
22.4
9.9
12.5
89.7
53.7
31.2
22.5
12.5
6.4
6.1
23.4
10.9
12.5
277, 328 269, 762 328,048 339, 883 327, 359
132 ^89 121, 868 166, 233 173, 308 157, 341
144,' 939 147, 894 159, 815 166, 575 170, 018
59, 496 46, 900 56, 861 64, 210 50, 967
57, 060 44, 081 53, 372 61, 015 48, 454
2,436 2,819 3,489 3,195
2,513
288
258
249
236
235
242
287
100
113.5
279
92
114.4
281
89
114.8
281
84
114. 5
285
82
116.2
296
82
120.2
111.6
107.0
108.8
113,2
110.1
97.0
104.6
114.0
110.3
95.6
105.3
114.5
110.7
89.6
101.7
117.0
114.3 2 117. 6
88.4 290.9
101. 7 2 105. 6
122.2 2 125. 6
1952
105
100
109
124
125
136
114
114
Nondurable manufactures
Minerals
_ _
Selected commodities, production:
Coal, bituminous (thous. of short tons)_ 466, 841
Crude petroleum (mil. of bbl.)
2,290
Electric power, industrial and utility
(mil. of kw-hr.)
_._ 463, 055
Lumber (mil. of board feet)
37,462
Steel ingots and steel for castings
(thous. of short tons) _ _ _ _
93,168
Motor vehicles, factory sales, total
(thous.)
5,539
Passenger cars
4,321
Trucks and coaches
1,218
Construction
New construction, total (mil. of dol.)
34, 750
Private, total
23,849
Residential (nonfarm)
12,842
Nonresidential, except farm and public utility
5,014
Public, total
10, 901
Nonresidential building
4,136
Highway _ _ _
2,820
Employment Status of the Noninstitutional Population
Total 14 years old and over, monthly
average (thous. of persons) 9
113, 270
Labor force, incl. Armed Forces, total 9 - 66, 560
62, 966
Civilian labor force 9 Employed total 9
61, 293
Agricultural employment 9
6,805
Nonagricultural employment 9 - - 54, 488
Unemployed 9
1,673
Not in labor force 9 _ _ _
_ . - _ 46, 710
Employment and Payrolls
Employees in nonagricultural establishments, mo. avg., total (thous.)
Manufacturing
Mining
Contract construction _
Transportation and public utilities
Finance, insurance, and real estate
Government
Production and related workers, all mfg.:
Employment index (1947-49=100)
Payroll index (1947-49=100)
Finance
Consumer credit (short- and intermediate-term), outstanding, end of year:
Total (mil of dol )
Installment (mil. of dol.)
Federal finance (mil. of dol.):
Gross debt (direct), Dec. 31
Budget receipts and expenditures:!
Recsipts net
Income and profits taxes
Expenditures, totaL.
Major national security!
Money supply, Dec. 31 (mil. of dol.):
Currency in circulation
Deposits (adjusted) and currency, totalDemand deposits, adjusted
Time deposits
Currency outside banks
Foreign Trade
Exports, incl. reexports (mil. of dol.)
General imports (mil. of dol.)
1953
110
107
113
134
136
153
118
116
1954
111
104
117
125
127
137
116
111
1955
116
108
121
139
140
155
126
122
1956
19571
120
110
128
143
144
159
129
129
116
105
125
143
144
159
130
128
457, 290 391, 706 464, 633 500,874
2,357
2,315
2,484 2,617
490,000
«2,404
514, 169 544, 645 629, 010 684, 804
36, 742 36,356 38, 549 37, 528
715, 706
33,391
111,610
112,715
7,323
6,117
1,206
88,312 117,036 115, 216
6,601
5,559
1,042
6,921
5,816
1,104
7,214
6,113
1,101
37. 118
25, 724
13, 777
39.601 44,581 46,060
27, 679 32,620 33, 242
15, 379 18, 705 17,632
47,255
33, 313
16, 571
5,680
11, 394
4,346
3,160
6,250
11, 922
4,636
3,870
8,817
12, 818
4,072
4,470
9,138
13,942
4,481
4,840
115, 095 116, 219 117, 388 118,734
67, 362 67, 818 68, 896 70, 387
63, 815 64, 468 65, 847 67,530
62, 213 61, 238 63, 193 64, 979
6,562 6,504 6,730 6,585
55, 651 54, 734 56, 464 58, 394
3,230 2,654 2,551
1,602
47, 732 48, 401 48, 492 48,348
120, 445
70, 746
67,946
65,011
6,222
58, 789
2,936
49,699
9,169
7,920
1,249
7,611
11,961
4,218
4,050
48, 303
16, 334
885
2,634
4,185
10, 281
1,967
5,411
6,609
49, 681
17, 238
852
2,622
4,221
10, 527
2,038
5,538
6,645
48, 431
15, 995
777
2,593
4,009
10, 520
2,122
5,664
6,751
50, 056
16, 563
111
2,759
4,062
10, 846
2,219
5,916
6,914
51, 878
16, 905
816
2,993
4,157
11, 292
2,306
6,231
7,178
52, 543
16, 800
840
3,025
4,155
11,543
2,343
6,457
7,380
106.3
136.6
111.8
151.4
101.8
137.7
105.6
152.9
106.7
161.4
2104.4
2 162. 7
27, 401
19, 403
31, 243
23, 005
32, 292
23, 568
38, 670
28, 958
42, 097
31, 827
44, 798
34,127
267, 391 275, 168 278, 750 280, 769 276, 628
274, 898
64, 840
54, 019
70, 682
43, 176
63, 841
52, 930
72, 997
44, 465
61, 171
51, 179
64, 854
42, 821
63, 358
51, 715
66, 129
40, 851
70, 994
60, 090
67, 216
41, 241
72, 284
61, 891
71,692
30, 433 30, 781 30, 509 31, 158 31, 790
194, 801 200, 917 209, 684 216, 577 221, 950
101, 508 102, 451 106, 550 109, 914 111, 391
65, 799 70, 375 75, 282 78, 378 82, 224
27, 494 28, 091 27, 852 28, 285 28, 335
31,834
226, 300
108, 900
88, 500
28, 800
15, 201
10, 717
15, 774
10, 873
15, 110
10, 215
15, 549
11, 384
19, 077
20, 805
12, 615 4 13, 000
2
4
Calculated by the Office of Business Economics. 3 F0r 11 months, January-November.
Estimated
d* For distributive shares, see
iData fcr mo it it|ms are preliminary.
fData beginning 1954 are on a budgp. 8. 9 Data f<3r 1954-56 not strictly comparable with earlier and subsequent data due to changes in sample, estimating procedures, and classification.
etary basis apd ai ie iio| strictly comparable with earlier figures. JItems included vary; for 1952-53 data are for national defense and related activities; 1954-June 1955, for national security.
@FedFRASER