Full text of Survey of Current Business : February 1960

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

FEBRUARY 1960

survey of




CURRENT
BUSINESS

U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS

ANNUAL REVIEW NUMBER

SURVEY OF CURRENT BUSINESS
VOL. 40, NO. 2

FEBRUARY 1960

U.S. Department of Commerce
Frederick H. Mueller,
Secretary
Office of Business Economics
M. Joseph Meehan,
Director

Contents
THE BUSINESS SITUATION
January

PAGE
1

HIGHLIGHTS OF ECONOMIC EXPANSION
General Summary of 1959

*

NATIONAL INCOME AND PRODUCT
Records Set in 1959 . .
Personal Income and Consumption
Investment Demand

3

Louis J. Paradise
Managing Director
Loughlin F. McHugh
Business Review Editor

Billy Jo Dawkins
Graphics

7
8
9

Government Revenue and Expenditure
National Income

.

STAFF CONTRIBUTORS TO
THIS ISSUE

General:
C. A. R. Wardwell
Anne Novick

11
13

THE BALANCE OF INTERNATIONAL PAYMENTS IN 1959
Payments Exceeded Receipts—Some Improvement in Second
Half
Shifts in Merchandise Trade
The Capital Accounts

18
18
19

INDUSTRY AND FINANCE
Industrial Growth and Patterns of Production ,
Agriculture—Output Steady, Farm Income Lower
Financial Markets
*

, .

21
23
25

COMPARATIVE OUTPUT, DISTRIBUTION, etc., 1954-59 . , .

28

MONTHLY BUSINESS STATISTICS
General
Industry
Subject Index

National Income and Product:
Harlow D. Osborne

S1-S24
S24-S40
Inside Back Cover

Balance of International Payments:
Walther Lederer
Industry and Finance:
L. Jay Atkinson
Francis L. Hirt
Berj Kenadjian

Subscription prices, including weekly
statistical supplements, are $4 a year for
domestic and $7.50 for foreign mailing. Single
issue 30 cents.
Make checks payable to the Superintendent
of Documents and send to U.S. Government
Printing Office, Washington 25, D.C., or to
any U.S. Department of Commerce Field
Office.

U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex., 321 Post Office Bldg., Phone
7-0311.
Atlanta 3, Ga., 604 Volunteer Bldg., 66 Luckie St., N.W.,
JAckson 2-4121.
Boston 9, Mass., U.S. Post Office and Courthouse Bldg.
CApitol 3-2312 or 2313.
Buffalo 3, N.Y., 504 Federal Bldg., 117 Ellicott St.
MAdison 4216.
Charleston 4, S.C., Area 2, Sergeant Jasper Bldg., West
End Broad St. Phone: 2-7771.
Cheyenne, Wyo., 207 Majestic Bldg., 16th St. and
Capitol Ave. Phone: 8-8931.
Chicago 6, 111., Room 1302, 226 W. Jackson Blvd.
ANdover 3-3600.
Cincinnati 2, Ohio, 915 Fifth Third Bank Bldg., 36 E.
Fourth St. D Unbar 1-2200.
Cleveland 1, Ohio, Federal Reserve Bank Bldg., E. 6th
St. and Superior Ave. CHerry 1-7900.
Dallas 1, Tex., Room 3-104 Merchandise Mart, Riverside 8-5611.




K. Celeste Stokes
Statistics Editor

Denver 2, Colo., 142 New Customhouse. KEystone
4-4151.
Detroit 26, Mich., 438 Federal Bldg. WOodward 3-9330.
Greensboro, N.C., 407 U.S. Post Office Bldg. Phone:
3-8234.
Houston 2, Tex., 610 Scanlan Bldg., 405 Main Street,
CApitol 2-7201.
Jacksonville 1, Fla., 425 Federal Bldg. ELgin 4-7111.
Kansas City 6, Mo., Room 2011, 911 Walnut St. BAltimore 1-7000.
Los Angeles 15, Calif., Room 450, 1031 S. Broadway
Richmond 9-4711.
Memphis 3, Tenn., 212 Falls Bldg. JAckson 6-3426.
Miami 32, Fla., 316 U.S. Post Office Bldg. FRanklin
9-5431.
Minneapolis 1, Minn., 319 Metropolitan Bldg. FEderal
2-3244.
New Orleans 12, La., 333 St. Charles Ave. EXpress 2411.
New York 1, N.Y., Empire State Bldg, LOngacre 3-3377.

Philadelphia 7, Pa., Jefl'erson Bldg., 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., 217 Old U.S. Courthouse Bldg,
CApital 6-3361.
Eeno, Nev., 1479 Wells Ave. Phone: 2-7138.
Richmond 19, Va., Room 309 Parcel Post Bldg. Milton
4-9471.
St. Louis 1, Mo., 910 New Federal Bldg. MAin 1-8100.
Salt Lake City 1, Utah,:222 SW. Temple St. EMplre
4-2552.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
Savannah, Ga., 235 U.S. Courthouse and P.O. Bldg.
ADams 2-4755.
Seattle 4, Wash., 809 Federal Office Bldg., 909 First Ave.
Mutual 2-3300.

in /ranuaru
a
By the Office of Business Economics

BUSINESS continued to expand in
the opening month of 1960. The broad
seasonally adjusted economic indicators-—employment and personal income-—were up.
Retail sales continued high, with the
January movement in the total again
reflecting the shift in new auto sales.
Consumer buying continues to be sustained by the advance in income, which
in January was again concentrated in
higher wage and salary payments.
Personal income—which is the most
comprehensive monthly measure of
business movements and consumer buying power-—was at a seasonally adjusted
annual rate of $393 billion in January,
up $1 billion from December. Income
was 6% percent above January 1959.
Output and resulting employment gains
provided the basis of the improvement.
The total of wage and salary disbursements in January, corrected for the
usual seasonal influences, was up $2
billion from December. Increased
taxes under the social insurance programs were a partial offset.
Noiifarm emplo3rees numbered 52.8
million in January, down less than
seasonally from December'. Manufacturing employment—and more particularly the metal producing and using
industries—provided the major rise in
January, bringing the number on factory payrolls once again close to the
1959 high.
Industrial groups with employees
roughly equal to or higher than the top
in 1959, include the utilities, finance,
services, trade, and the combined
government figure. Together these



account for over 33 million employees,
or three-fifths of total off-farm employment.
Improved production and trade

Industrial production reflected a continuation of improved output. Autos
and steel, the major areas of production
experiencing substantial fluctuations in
late 1959, have in early 1960 reached
the best volume in recent years.
Recently, the number of motor vehicles
assembled was at a weekly rate in
excess of 200,000; during the period
of materials shortages in late November

FACTORY OUTPUT up as 1960 opens
1957 = 100
120

Total

Industrial Production ^^^

100

80

f

f

-

60

~\.S

1 I r t 1 i 1 1 i 1 1 i 1 ! 1 1 1 1 1 1 1 ! 1

i [ 1 1 t 11 1 1 r 1

1 ! r • 11 I : I . !

CONSUMER GOODS at new high
as auto oufpuf rebounds
120
Consumer Products

100

80

«,» — *./'

v/ r'-f\ f

St^v^ / ^ --//* \T/'
\" /rC./ \
\^.-"y
Materials
_
** /

_

Business and Defense
Equipment

60

1 II i 1 1 1 I I 1 1

1957

1 1 1 M

! 1 1 1 1 I

1958

M

1 11 1 1 1 1 1 1

1 t 1 M

1959

I M

1 1 1

I960

Seasonally Adjusted
Data: FRB
U. S. Department of Commerce, Office of Business Economics

60-2-1

and early December, assemblies were
less than half that. A year ago the
weekly rate was in the neighborhood of
150,000.
From early December through the
most recent week, steel has been produced at an annual rate of 140 million
tons. This compares with 135 million
tons at the spring top in 1959.
New orders placed with manufacturers had recovered by December to last
July's volume, and were close to the
peak of last spring when producers
were eager to insure production schedules against the likelihood of materials
shortages. December's incoming business was also affected by the need to
fill out manufacturers' working stocks.
Generally speaking, unfilled orders on
hand are around recent highs and well
above those of a year ago.
In retail channels, aggregate sales
have been influenced by the shifting
availability of automobiles. After a
temporary spurt in October, auto dealers experienced a relatively slack fall
selling season, due mainly to shortages
of new model cars. Dealer inventories,
however, by the end of Januan?- had
been largely replenished, and currently
the total is well above a year ago.
New car sales by dealers advanced in
January, starting off the current year
6 percent above January a year ago.
As pointed out in the annual review
which makes up most of this issue,
no marked upward pressures on general
prices have been apparent in the very
recent period. January brought no
departure from the recent more-or-less
sidewise movement.

SURVEY OF CURRENT BUSINESS
downward pressure since the middle of
One aspect of the general situation 1958. The consequent fall in yields
in January, which differed to some was small, and long-term rates remained
extent from the 1959 trends described relatively high.
A more pronounced downward move
later on, was associated with developtook place recently in short-term money
ments in financial markets. Last .year,
the pressure of credit demands on
available supply resulted in continued
upward movement of borrowing costs; ,<;
at the same time, common stock yields i
Financial Markets
were lower as stock prices rose to new
5
Stc>cks off from 1959 high—
high ground outpacing the expansion \
Bond prices firmed in January
of dividends. In January, borrowing
(
150
costs were reduced and stock yields
500 Common Stocks
rose as market prices dropped.
(1956 = 100)
.-% £
No definitive interpretation can be
\ /•*'*' ' "" *°
given these changes in view of the
short interval involved, and the special
100
influence of seasonal developments on
the money markets at this time of
year. Running counter to the usual
U. S. Treasury Bonds,
seasonal movement, and hence offTaxable
setting some of the reduction of seasonal
(Dollars per $100 par value)
50
bank loans, has been the special inventory influence which has followed upon
strike-induced liquidation of goods and
materials in the latter part of last year.
Stock prices, which last fall had
0 End of Month
moved forward to regain previous highs }
0
1957
1958
1959 1960
set at midyear, dropped in January.
D a t a : Stand 8 Poor s and F R B
Bond prices, on the other hand, y
improved a little in January after r U. S. Department of Commerce, Office of Business Economics 6 0 - 2 - 3
having been under almost constant
Shifts in financial markets




^V^s.

February 1960

rates. The 3-month Treasury bill
rate— which climbed to an historic high
of over 4.6 percent at yearend—dropped
back close to 4 percent at the end of
January. This compares with the 2.8
percent yield of early 1959. This
recent drop is a reflection in part at
least of the usual seasonal January
conditions in the money markets.
There does appear, however, at
the moment to be some temporary
dampening of the pressure for shortterm funds which peaked in the latter
part of 1959. As reported elsewhere
in the review of financial developments
last year, borrowing by business and
consumers increased sharply during
that period, with the primary changes
showing up in the short-term funds.
On these were superimposed sizable
cash needs of the U.S. Treasury, also
concentrated in the short- or intermediate-term range. This situation
has been changed. There will be a
large net cash inflow to the Treasury
before next June 30. Much of this
will be seasonal but it will represent
also the improvement in the revenue
base as compared with last year.
The change underway in the Federal
fiscal position is set forth in the analysis
of Government operations presented in
the national income review of 1959.

ianiiants of C^t
conomc
V
0
I

•

-A Review of

1 HE AMERICAN economy in 1959
continued the recovery underway in
1958. Output, income, consumer buying of goods and services and new
houses were all up substantially in real
terms. Business expansion was continuing as the year closed.
The strong underpinning of the
general market was reflected in the
total flow of income to individuals,
which moved forward with only a short
and moderate interruption during the
middle of the year. At <year-end, personal income was at a seasonally adjusted annual rate exceeding $390
billion, which compared with $367
billion in December 1958. For the year
it was $380 billion, up 6 percent from
1958. Most of this gain represented
real purchasing power, as overall prices
advanced about 1 percent.
Consumers expanded their purchases
in 1959 in line with higher incomes,
supplementing such incomes with a
large amount of installment and mortgage credit. These borrowed funds
were used in part to finance the oneseventh increase in purchases of consumer durables from the cyclically
depressed volume of 1958. New car
buying was still under the high 1955
peak, but in virtually every other
major consumer market, demands exceeded previous highs in both current
dollar and real terms.
Improvement in residential construction and in the purchasing of housing,
which set in early tlie preceding year,
carried over to mid-1959. There was a
let-up in the second half, though expenditures on the purchase of new
residences in this latter period substantially exceeded the best previous
record.



The dynamic business investment
area of the economy was marked by
renewed advance in the construction
of new plants \vith more efficient and
larger capacity machinery.
The rise in inventories continued,
interrupted by the slackening of output after midyear. The year before
had been marked by liquidation in the
first half and recovery later. Accumulation of stocks in the first halfyear of 1959 provided some cushion to
output of final products in the second
half of the year. It was not sufficient
in some cases—notably automobiles—to sustain full-scale production towards
the end of the year.

•

1959

Capital outlays for industrial plant,
equipment and commercial buildings
were nearly one-tenth higher last year
than in 1958. For the year as a whole,
new plant construction and outlays for
producers durable equipment were still
well under the record spending in 1957.
Government purchases of goods and
services were little changed during the
course of 1959, but starting the year at
a level higher than, the average for
1958, total demand by all governments
for the year as a whole was higher.
Federal purchases were tending slightty
downward last year and this withinthe-year movement was just about
offset by a contrary tendency by Sfcate
and local units.

National Production and Personal Income
1959 rise was mostly in real terms

600

600
GROSS NATIONAL

PRODUCT

PERSONAL INCOME

Real Output (1959 Dollars)
Aw*
~S

400

400
Real Disposable Income
(1959 Dollars)

Output

200

200
Disposable Income

0

1947 49

51

53

55

57

59

, ! , , , ! , . , I , , , I, , , l , , , I , , , 1 , ,, I , , , ! , . , I , , , I . , , ! , , , ! , , ,1 Q
49
51
53
55 57
59

1947

Quarterly Totals, Seasonally Adjusted, at Annual Rates
U. S. Department of Commerce, Office of Business Economics

60~2~4

SURVEY OF CURRENT BUSINESS
Employment and wages up

With demand forces expanding in
1959, employment moved to a new
high and unemployment was reduced.
Both employment and unemployment
were affected adversely by the work
stoppages later in the year; by yearend, however, the number of jobholders was above the mid-1959 figure,
Emf >Ioyment
!4as moved back to previous high
Milli on Persons
56 EMPLOYMENT

IN NONAGRiCULTURAL

ESTABLISHMENTS

54
52

/^

"~\

50
48
Rapid recovery in late months
followed the major work stoppages

18

DURABLE MANUFACTURING, MINING,
CONSTRUCTION & TRANSPORTATION

16
14
12

/ l l M

fMM,l

,1

(,.,.,!

r,,,r,

Elsewhere, employment
held at peak

40
38
36

NONDURABLE MANUFACTURING,
PUBLIC UTILITIES, SERVICE,
TRADE, FINANCE & GOVT.

-

-^

34
1957

1958

1959 1960

Seasonally Adjusted
Source: BLS
U. S. Depar nent of Commerce, Office of Business Economics

60-2-2

after allowing for seasonal influences.
For the year as a whole employment
averaged 1% million above 1958.
In addition to the improved availability of jobs during the year, there
was a fairly widespread pickup in the
length of the workweek making due
allowance for the special effect of work
stoppages. Thus, through the earlier
part of the year, hours worked per
week averaged almost one-half hour
higher than in the corresponding interval of 1958.




Among the major industries, only in
building construction was there a basic
tendency to reduce the workweek.
Industry employment patterns

Improvement in employment from
1958 to 1959 resulted from a combination of resurging demands for products
of the cyclically sensitive industries,
and moderate advances in basic trenddominated areas. Roughly half of the
1958-59 increase in jobs was in manufacturing, which had been the focal
point of recession in 1958. Durable
goods industries-—more particularly the
machinery groups—accounted for the
largest share of the gain.
In the manufacture of nondurable
goods, employment was virtually stable
over the greater part of the year, after
allowing for seasonal influences. It
averaged 150,000 better than in 1958
and only fractionally below that for
the 1957 period.
Employment in manufacturing averaged over 16 million in 1959, compared
with 15% million, the year before and
16.8 million in 1957. The continuing
lag behind the 1957 pace was for the
most part concentrated in the primary
metals, nonelectrical machinery, transportation equipment and fabricated
metals groups. The pattern elsewhere
was one of small but largely offsetting
gains and losses from 1957 totals.
Distributive, service and related industries—in which upward employment
tendencies have been persistent—again
provided steadily expanded job openings
in 1959. This broad grouping accounted for over 20 million employees
in 1959, more than 45 percent of all
such workers in the private nonfarm
industries. The 400,000 gain in employment from 1958 brought the total
also well above the previous high in
1957.
In the transportation and public

February 1960

utilities industries, the slightly-lessthan 4 million employees was about the
same as in the preceding year, and
200,000 under the postwar peak reached
in 1953. This latter aspect reflected
the fairly steady drop in railroad employment over this period, a drop which
was only partly offset by increases in
other transportation and in the utilities.
Rail employment was curtailed as a
result of the reduction in the traffic
flow in the second half of 1959, but
by yearend the number of persons on
the job was back to the pre-strike
experience.
The changes in employment in the
recent postwar business swing are set
forth in the accompanying text table.
All the numbers are seasonally
adjusted.
Investment incomes rise

The advance in the other types of
income, as well as in labor income, is
spelled out in the following national
income chapter. Suffice to say here,
investment-type incomes-—personal interest and dividends-—and returns to
nonfarm proprietors were also higher,
though the drop in farm owners' income
ran counter to the general trend.
The recovery of output and income
was reflected in accentuated form in
business profits, which recovered from
the 1958 slump and moved to a new
high for the year in the second quarter
of 1959. The subsequent fall-off in
corporate production and sales in some
industries brought a reduction in corporate income and in total profits in the
latter half of the year. The year as a
whole was one of substantial profit
recovery.
Prices shoiv little movement

The moderately higher price level of
the economy in 1959, which influenced
the dollar national output totals, re-

Cyclically sensitive!
Level at
vStai t
August 1957 to April 1958 .
April 1958 to July 1959
Julv 1959 to October 1959..
October 1959 to December 1959

Change

Millions
1(12
14.4
15.7
15.1

Millions
-1.8
1.3
-.7
.5

Other 2

Percent
change

-11.3
9.1
-4.2
3.3

Level at
start

Change

Millions
36.2
35.6
36.8
36.9

Millions
-0.6
1.2
.1
.2

1. Durable manufacturing, transportation, mining, and construction.
2. Nondurable manufacturing, public utilities, trade, service, finance, and government.

Percent
change

-1.6
3,4
.3
.5

SURVEY OF CURRENT BUSINESS

February 1960

fleeted the gradual edging upward of
prices of most of the individual nonagricultural goods and services. Declines in agricultural prices served to
offset increases elsewhere in wholesale
markets. Lower food prices in retail
markets served to partially offset increases in prices of other consumer goods
and services so that the consumer price
index averaged nearly 1 percent above
that of 1958.
With the rise in business and income
and some rise in costs of production
and distribution, retail price tags on
goods and services, except food, rose by
2% percent from December 1958 to
December 1959; prices of commodities
less food rose about 1% percent; and
food prices with the larger supplies
available were off 1 percent. The consumer durables as a group were little
changed during the year, as price reduc-

Consumer Prices
Higher in 1959
7947-493/00

130

—

Combined Index

no

1 0 0I . . . i . i . i . . 1 1 1 . 1
Price drop in food more than offset
by advances elsewhere
150

Services

140

130

120

110
Durables*

100

, , 1, . , 1, . , I , , . 1. , . I . , , I , ,

1953 54

55

56

57 58

59

60

Basic data: BLS
* Q u a r t e r l y through 1955 — monthly since
U. S. Department of Commerce, Office of Business Economics 6 0 - 2 - 5




tions for some items nearly offset
increases for others.
Consumer service prices continued
their postwar advance, registering a 3
percent increase in the year ended in
December 1959. The rise was widespread. Medical care, transportation
services, and the regulated gas and
electricity rates scored above-average
advances.
The wholesale price index was little
changed in 1959 from the 1958 average,
and at yearend was fractionally lower
than in December 1958. This overall
stability resulted from the canceling
out of major divergent movements, as
products of agricultural origin averaged
2.3 percent lower than in 1958 and commodities of nonagricultural origin (relatively twice as important in the index
as the agricultural group) averaged 1.5
percent more.
Raw and processed foods in turn
accounted for most of the price drop in
the aggregate of products of agricultural
origin, and generally the same food
items registered declines in the primary
markets as in retail markets. The
agricultural nonfoods were mostly firm
or higher in both the raw and manufactured stages. Cotton and wool manufactures moved higher, though plant
and animal fibers averaged somewhat
lower in price than in 1958; prices of
hides and skins, leather and footwear
all averaged more; natural crude rubber
prices rose sharply but those for tires
and tubes declined.
Out of approximately 172 commodity
subgroups covering products of nonagricultural origin in the wholesale
price index, 108—nearly two-thirds—
increased to some extent in 1959 above
their December 1958 quotations, 42
declined and 22 remained unchanged.
As may be seen from the accompanying
table, raw and manufactured chemical
materials and mineral fuels and electric
power were the groups exhibiting comparative price stability while commodities, in all stages from the raw to the
finished, made from forest materials,
metals, and nonmetallic structural minerals were the groups with the largest
relative advances.
Pressure on money markets

The considerable buoyancy of private
demands was supported in no small de-

gree by ready use of borrowed funds,
and the general situation of the demand
and supply of funds is reviewed in a
later section of this review. Consumers
used short- and intermediate-term
credit in sharply increased amounts to
buy household durables and autos. A
record volume of mortgage financing
was employed in home buying. Business debt expansion was also high, with
the concentration being in short-term
types associated with greatly expanded
working capital requirements. The
cash deficit of Government remained
substantial, although considerably reduced and approaching balance by yearend.
The monetary authorities aimed their
policies at restricting the supply of bank
funds, continuing the approach adopted
as the upswing in activity was established in 1958. In this setting, interest
rates moved higher during the year, and
more so in the area of short- and intermediate-term funds. At yearend, virtually all rates had reached levels not
seen since the 1920's, and borrowers experienced the pattern uncommon for an
extended period of shorter-term rates
exceeding those on long-term funds.
A quite different pattern prevailed in
markets for corporate equities. Stock
prices maintained an upward course
through mid-1959, dropped back in the
summer and early fall, but again moved
forward in the closing months to a point
around their previous high.
For the year as a whole, stock prices
averaged higher than in 1958 and with
dividends improved to a lesser extent,
stock yields traced a somewhat lower
pattern in 1959—at a level virtually
half the yield basis which prevailed a
decade ago. Thus, with borrowing costs
up, the historic pattern of interest rates
running above dividend yields was
reversed in 1959.
International payments position

A factor in the money markets, as
well as in the economy generally, was
the position of the U.S. international
balance of payments. This was marked
in 1958 by an increasing deficit in our
payments to foreign countries, which
continued to rise during the first half of
the past year. For the year as a whole
it exceeded that of 1958.
Exports started to expand last spring,

6

SURVEY OF CURRENT BUSINESS

but the steel strike dampened the rise as a whole were about the same as in
in actual shipments. Exports in 1959 1958.
Imports usually reflect the adverse
effects of a fall in domestic economic
Wholesale Prices
activity and in purchasing power, but
Steady during year .
they did so less in the 1957-58 downturn
than in previous such occurrences. The
1947-49 s 100
subsequent rise continued until the middle of 1959, and for the remainder of the
All Commodities
120
year imports continued close to peak
rate. The rise from the low point in
1958 was featured by the expanding
10
volume of manufactured goods, including automobiles. For the year, imports
were substantially above those of 1958.
100
The result of our foreign trade interas agricultural and nonagricultural
change in 1959 was the smallest excess
price changes canceled out
of merchandise exports—$1 billion—
140
over imports that has been recorded
Nonagricultural
since 1950 (see chart on page 19). With
Manufactures
this shrinkage of our merchandise bal130
ance—despite substantially lower net
payments to foreign countries than a
year earlier for the aggregate of travel,
120
shipping, foreign aid, U.S. capital inNonagricultural
vestments abroad and foreign longRaw Materials or
Semimanufactures
term investments here—the excess of
HO
U.S. foreign payments over U.S. receipts from foreign sources was somewhat larger in 1959 than the $3.4 billion
100
total recorded in 1958. There was, as
pointed out in the section covering our
international interchange, some im90 I i .1 i I . . . 1 < i . I i i i I i i i I . . i I i . i I i
1953 54 55 56 57 58 59 60
provement in the latter part of the year
Basic data; BLS
which reduced our net foreign payU. S. Department of Commerce, Office of Business Economics
60-2-6
ments in this period.




February I960

The year-end picture

As 1959 drew to a close, recovery
from the earlier dislocations was rapid,
and the flow of personal income rose to
a peak; rebuilding of working stocks
was underway so that industrial output
was rising, and the path was cleared for
full-scale operations. Supplies of final
products were flowing in increasing
volume into consumption and investment, though inventories of materials
were not entirely in balance. Price
movements in both retail and wholesale markets were quite limited.
The forward investment plans of
business envisage a rise, as indicated
by the most recent OBE survey and
the character of the basic business
trend. Our international interchange
of goods and services has shown improvement recently, and prospects are
for a rise in some major export commodities.
The near-term indication is for little
change in Federal purchasing. Population and related changes, including
expanded social service programs, have
dominated the postwar picture for
State and local governments and the
likelihood is for some further increases
in their expenditures. Federal Government needs for financing are diminishing, with an improvement underway
in its fiscal position, and this frees additional funds for the private segments
of the economy.

National Income and Product
Records Set in 1959
T CYCLICAL
J-HE

upswing in business
activity last year raised the gross national product to a record of nearly $480
billion for the year—$38 billion or 8%
percent over that of 1958. The gain
was mostly in physical volume.
Keal output was more than 4 percent
above the previous top reached in 1957.
In evaluating the net advance, it should
be noted that the summer of 1957 saw
the high point of a 3-year upswing,
whereas 1959 was only one year away
from the low point from which the current upswing dates.

ress of the economy. It firmed around
midyear, and the immediate prospect is
for a continuation of the recent movement. In contrast to exports, U.S.
imports have risen substantially since
1957. Their growth was furthered dur-

Final Markets for the GNP
HOUSEHOLDS: Buying generally
above 1957
320
Consumer Purchases

300

Character of the expansion
The changes recorded since 1957
differed widely in character among the
major parts of the Nation's output. As
the adjacent chart reveals, goods and
services available to households were
far above any previous highs. Autos
were a major exception, as the pattern
usually found under conditions of general advance in purchasing power was
disrupted by the materials shortages
last fall. Residential building tapered
in the second half, but for 1959 as a
whole was the highest on record.
Government purchases of GNP have
also advanced beyond their prerecession
rates. State and local buying has risen
substantially. The growth of Federal
expenditures has been moderate, with
little change from quarter to quarter in
the past year and a half.
Business fixed investment was in an
expansionary phase, though not as yet
up to the previous peak. The slowdown in the rate of advance in the latter
part of the year was the result of the
supply difficulties mentioned in the review of production developments in this
issue.
The export market last year was a
lagging one considering the overall prog


280

260

_

(excl. autos and parts)

__

^—"^^
•NX

40
Residential Construction

\

20
CO

Autos and Parts ^

"*

, , , ! , , ,

n

o

, , , 1 .

BUSINESS AND FOREIGN:
Recovery incomplete

Os

10
(X

60

u.

40

_^BS^

^>

O
">
Z
0

—*"

Fixed Investment

20

_

_
.* Net Exports

CO

-20

i

i

i

1

i

i

i

i

i

t

I i

GOVERNMENT: Growth in State
and Local Demand Continues
60
Federal""^

40

^^^.» <

» ^

^*-+^-j+-+-r

State and Local

~

20

0

1

!

1

1957

1

1

1

1

1958

I

!

i

1

!

1959

Quarterly Totals, Seasonally Adjusted,
at Annual Rates
U. S. Department of Commerce, Office of Business Economics

60-2.- 14

ing 1959 by the upswing in domestic
business as well as by the second-half
domestic supply situation in steel.
Foreign trade is reviewed at some length
in another section of this issue.
Production swings during year

In the aggregate, final purchases rose
from quarter to quarter throughout the
year. But direct and indirect effects
of work stoppages on purchasing power
gradually made themselves felt, and the
demand for income-sensitive products
lost some of its force. The primary
impact of the production swing in steel
was on inventories, though the running
out of existing stocks eventually affected the output of final goods.
The GNP chart on page 8 shows the
changes in inventories and final purchases, together with the uneven pace
of production during the course of the
year. Gross national product rose
sharply through the first half to a peak
annual rate of $485 billion in the spring.
It dropped back to $479 billion in the
third quarter, but recovered most of
this decline in the fourth.
These changes in productive activity
were matched in the course of national
income. The total for the year was
also a record—about $400 billion, or
almost one-tenth above the 1957-58
amount. The final figures will be calculated when all basic income data are
in. The principal missing component
at present is yearend corporate profits.
The income advance was general
among major industries, aside from
agriculture, and among major income
types. Scoring the sharpest relative
gains, as would be expected, were
cyclically sensitive industries dependent
on the demand for durable commodities.
The manufacturing of such commodities
contributed the largest single portion of
the overall income increase.

SURVEY OF CURRENT BUSINESS

February ]iH>0

Table 1.—Key National Income and Product
Substantial advances occurred also
[Billions of dollars]
in nondurables manufacturing, construction, and trade as well as in several
service-type lines including the finance1958
19". 7
ins iirance-real estate division. These
latter are usually influenced more by
growth trends than by short-term fluc- Gross national product in constant (1959) dollars _
458, 9
448.8
Implicit price index
tuations in general business.
96.4
98.5
Reflecting the cyclical character of Gross national product
441.7
442.5
284. 8
Personal consumption expenditures
the general expansion, corporate profits
293.0
Autos and parts
17.0
14.0
accounted for something like one-third
\11 other
278.9
267.7
Gross private domestic investment
54. 9
of the national income advance from
66.6
Residential construction
18.0
17.0
1958, Most of the remainder was in
47.6
40.7
Business fixed investment
-3.8
Change in business inventories
2.0
employee compensation. Net interest
1.2
4.9
Net exports of goods and services . .. __
also continued its uptrend, and earnings
92.6
86.2
49.4
52. 2
of proprietors other than those engaged
Federal onlv
in farming increased.
366. 2
366. 5

Personal Income and Consumption

Compensation of emplovees
Corporate profits
All other

41.7
09. 2
307. 9

Disposable personal income

Consumer income moved up to a
N A — n o t available.
total of $380 billion, before personal
Source: Of'lice of Business Economics.
taxes, and close to $335 billion after
t a x e s . The i n c r e a s e over 1958 and especially among consumer servamounted to nearly 6 percent in each ices, these increases were very nearly
case, and here again the rise was mostly offset in the aggregate by reductions
in certain major food lines.
in real buying power.
The dollar advance in pretax income
last year was about the same as had Composition of the spending upswing
been recorded for 1950 and again for
Durable goods, which account on
1955.
In relative terms, last year's the average for around one-seventh of
expansion was not quite so sharp as the consumer purchases, provided close to
earlier recoveries had been; the massive 30 percent of last year's overall advance.
upswing registered during the first half This sort of differential is characteristic
of 1959 could not be expected to persist of the consumer market during periods
under the conditions prevailing after of cyclically rising incomes.
midyear.
Spending for services increased about
The course of personal and disposable in proportion to the consumer expendiincome was dominated by the rise in
earnings from current production. With
1959 Expansion of Output
the scale of old-age benefits up, and the
• Steady growth of basic demand
year's total for unemployment com• Inventory movement shifts
pensation down from 1958, transfer
payments were a little higher on
500
balance. The rise was offset, however,
Gross National
Product
by expansion in personal contributions
required under these same social insurance programs.
z

Real consumption moves up

The rise in disposable personal income, amounting to $18 billion for the
year, was matched in consumer expenditures. Most of the increase in buying
represented an expansion in the physical volume of consumption. Though
moderate price advances from 1958
were the rule among consumer goods



I 450
a
I
H

Inventory buildup
Inventory Liquidation

400

1957

1958

1959

1960

Quarterly Totals, Seasonally Adjusted, at Annual Rates
U. S. Department of Commerce, Office of Business Economics

60-2-15

Data, 1957, 1958, and 1959

Seasonally adjusted at annual rates
1951)

1958
1959
1957
3d quarter 1st quarter ; 4 t h quarter
479. 5

461. 5

439. 4

100.0

97.0

98.1

100. 7

479.5

447.8

431.0

483. 5

311. 6
17.8
293. 8

288.2
17.3
270.9

287.3
13.5
273.8

317.0
17.2
299. 9

71.1
22.2
44.1
4.8

67.9
17.0
48.2
2.7

52.4
17.1
42.2
-6.9

69.7
21. H
45.4
3.0

-.8

5.1

2.0

97.6
53. 5

86. 6
49.7

480. 2

89.3
50.1

97.4

398.5

371.1

355.8

NA

256. 8
36.7

277.4
XA
73.9

258. 1
42.7
70.3

252. 5
31.5
71.8

281. <i
NA
74.^

316.5

334. 6

311.5

310.3

340. 8

lure t o t a l , while nondurables outlays
advanced less than proportionately.
The difference here was mainly a matter
of the relative price movements. In
volume terms, the growth in consumer
services actually provided did not much
exceed the real gain of 4 percent recorded for nondurable goods.
Judging by past experience, most of
the increase in nondurables consumption last year was in response to the
advance in disposable income. The
expansion in services, by contrast,
continued a pattern of steady annual
gains on the order of 4 or 5 percent
which was repeated in almost every
year during the 1950s. Such services
as shelter and household utilities, for
example, do not vary much with shortrun changes in income.
Auto buying recovers

The advance of $5% billion—oneseventh—from 1958 in purchasing of
durable goods centered in the auto
market. Automotive buying increased
over 25 percent and accounted for twothirds of the lift in the total. All other
durables in the aggregate rose only a
little more than in proportion to consumer buying generally.
Expenditures for autos and parts
totaled $18 billion in 1959, as against
$14 billion the year before. This
improvement, together with higher
demand for vehicles from business

SURVEY OF CURRENT BUSINESS

February 1960

firms, pushed sales of new U.S. cars up
from 4/_i million units in 1958 to 5%
million last year.
The course of auto purchases during
1959 was far different from that of 1958,
when the low established as the year
opened was not bettered until the fall.
The 1959 models were well received
Table 2.—Expenditures on New Plant and
Equipment by U.S. Business,1 1957-59
[Millions of dollars]
1959 2

1957

Manufacturing

1958

15, 959

11,433

12, 056

8 022

5 469

5 769

1 722
814

1 192
441

1 021
327

599
1,275

459
915

503
929

1,058

558

024

Durable goods industries
Primary iron and steel
Primary nonferrous metals.._.Electrical machinery and
equipment
Machinery, except electrical- .
Motor vehicles and equipment
Transportation equipment,
excluding motor vehicles
Stone, clay, and glass products
Other durable goods

544

370

387

572
1 438

399
1,135

547
1 431

Nondurable goods industries ...

7, 937

5,964

6,287

Food and beverages
850
Textile-mill products
408
Paper and allied products
811
Chemicals and allied products. 1,724

742
288
578
1,320

829
408
625
1,234

Petroleum and coal products Rubber products
Other nondurable goods

3, 453
200
491

2,431
134
471

2,482
194
515

Mining
Railroads - _ _ _ _ _ _ _ _ _ _ _
Transportation, other than rail
Public utilities
_.. _
Communications
Commercial and other

1, 243
1, 396
1,771
6,195
3,032
7,366

941
988
754
934
1,500
2,044
6,088
5,745
2,615 > 10,874
7,195

Total

36, 962

30, 526

32, 641

1. See text for items excluded.
2. Includes anticipated expenditures for fourth quarter
1959.
Sources: Office of Business Economics, and Securities and
Exchange Commission.

from the beginning, as buyers' economic
outlook brightened and their willingness to borrow increased. The usual
midwinter decline was moderate in
1959, and a greater-than-seasonal rise
that began early in the spring continued,
through June.
Some contraction followed in the
second half. This was due mainly to
supply conditions that hampered production of the 1960 models, though uncertainty about incomes also played a
role. High in October, sales were
drastically curtailed in the closing
months of the year. Because of the
situation which prevailed, this period
could not afford a clear test of the
underlying strength of demand for the
1960 cars.

539426—60—2


Nondurables and services

Most of the chief nondurable and
service items of personal consumption
rose 4 or 5 percent last year in real terms
and slightly more on a current-dollar
basis.
Expenditures for food moved up
relatively less than in 1958. (See
Table II-6 among the regular quarterly
national income and product tables at
the end of this section.) In real terms
the increase was perhaps 4 percent, a
gain consistent with experience in
previous periods of cyclically rising
real income. Food prices were down,
on the average, and consumers
obtained, this larger food requirement
without raising their expenditures quite
in proportion.
Housing expense registered the greatest increase shown for any major service
category, both relatively and in dollar
magnitude, as an unusually large number of new units was added to the housing stock and rather promptly occupied.

9

billion, though that amount purchased
more housing than it does now.
The favorable record for 1959 as a
whole stemmed from a rapid upswing
in building starts which took place
during the last three quarters of 1958,
and a consequent rise in activity
through the spring of last year. A
gradual decline followed in the second
half.
The recent slowdown in new housing
initiated has followed a progressive
stiffening in the terms for mortgage
money, as the general financial tightening described elsewhere in this Annual

Volume of Inventories of
Durable Goods
Cyclical rise interrupted in second half
of 1959
Peak GNP Qtr. = 100

110 -

105 -

Investment Demand
Fixed investment and the inventory
buildup each contributed around $8
billion to the GNP advance from 1958.
Moving above $70 billion for the first
time, the overall total of such spending
accounted for one-seventh of the national output. This fraction has varied
in the range of one-sixth to one-eighth
in recent years, moving with the cyclical
variation of business.
Last year's outlays involved a further
advance in prices for construction and
equipment, but here again most of the
expansion was due to increases in physical volume. In real terms, residential
building was the highest on record; the
volume of plant and equipment put in
place, however, was lower than in 195557.
Variation in residential building

Residential construction work was
valued at over $22 billion, with between
1.3 and 1.4 million new nonfann dwellings completed during the year; in
addition, the total included a large
amount of home improvement activity.
In the best prior year. 1955, the value
of work done had been less than $19

100 —

4

2

O

2

4

6

8

Quarters From GNP Cyclical Low
U. S. Department of Commerce, Office of Business Economics

60-2-16

Review Number was translated by
lenders into higher effective rates of
interest. By the fourth quarter, the
pace of construction was back to about
what it had been in the opening quarter
of 1959.
Partial recovery in business investment

Investment in nonresidential construction and producers7 durable goods
was about $44 billion last year; in real
terms this represented a gain of 6 percent from 1958 but was less than halfway back to the 1957 level.
The upturn in investment demand
which materialized in the autumn of
1958 was extended from quarter to
quarter throughout 1959. The extent

10

SURVEY OF ('CERENT BUSINESS

of the improvement in recent months
lias been partly masked by temporary
conditions which have tended to limit
both plant construction and equipment
deliveries.
The OBE-SEC surveys
(which cover all such investment entering the capital accounts of nonfarm
businesses except in certain branches of
the finance-insurance-real estate division and in the independent professions)
show the annual rate of outlays in the
second half of the year to have been
considerably less than was anticipated
last summer. Spending by primary
metals producers was substantially
under expectations; gas utility and
petroleum company programs were set
back by the shortage of steel mill products; and railroad investment anticipations were also revised sharply as profits
took an adverse turn.
Table

3.—Federal Government Receipts
and Expenditures, 1959—61

Table 4.—Employment, Payrolls, and Average Annual Earnings by Major Industrial
Division, 1957-59
Number of full-time
equivalent employees
Data in thous ands

Millions of dollars

mi

1 958

56, 730

55, 104

2, 053
81°
2, 853

2, 105
2, 759

2, 075
690
2,890

3. 290
4 237
14. 046

3, 396
3 774
13, 969

Manufacturing
16, 869
Wholesale and retail trade,. - 10, 539
Finance, insurance, and real
2, 374
estate
..

15.535
1(X 413

16, 226
10, 639

80, 644
42, 301

76. 674
43. 060

All industries, total
Agriculture, forestry,
fisheries

and

Contract constiuction

1959

1957

Dollars

Percent changes
1957-58 1958-59

1957

1958

1959

4,205

4,344

4, 573

3.3

5.3

3, 538
3 810
1.5. 393

1, 603
5 218
4 ; 923

1, 613
5 220
5, 063

1, 705
5.522
5, 326

.6
.0
2.8

5.7
5.8
5.2

84, 578
45, 882

4,781
4,014

4, 936
4,135

5,212
4. 313

3.2
3.0

5.6
4.3

1959

1958

56, 380 238,530 239, 389 257, 824

2,421

2,471

10, 221

10, 855

11,674

4, 305

4,484

4, 724

4.2

5.4

2, 654

2, 432

2,431

13,916

13,348

13. 992

5. 243

5,488

5. 756

4.7

4.9

1, 493
7, 161

1. 456

1,430
7,419

7. 186
22, 520

7, 366
23, 722

7. 709
25, 540

4,813
3,145

5. 059
3, 262

5. 391
3,443

5.1
3.7

6. ft
5.5

Government
- 9, 922
Addendum:
All private industries
46, 808
All private nonfarm in44, 913
dustries

9, 987

10. 109

40, 169

43, 225

45. 708

4.5

Transportation.
Communications and public
utilities
Services

4.048

4,328

4, 522

6.9

45, 117

46, 271 198, 361 196. 164 212,116 | 4, 238

4, 348

4. 584

2. 6

5.4

43, 162

44. 346 195.612 193,317 209, 130

4.479

4.716

2.8

5.3

4. 355

Source: Of lice of Business Economics.

outside of chemicals and petroleum.
The only substantial advances
beyond 1957 were those reported by
the airlines with their big jet programs,
and by commercial enterprises.

Business inventories moved up
sharply in the first half of 1959. In
Administrative budget:
part the increase represented a cyclical
Receipts
Expenditures
buildup of holdings, especially in
Sm'plus or deficit ( — > . .
durable-goods lines, such as generally
Cash budget:
Receipts
begins three or four quarters after alow
E xpenditures
Surplus or deficit {—')..
is passed in GXP. (See chart.) Also
National income and product acimportant was an accumulation of
count:
Receipts
_
primary metals and related products
Expenditures
Goods and services..
aimed at forestalling the development
Other
Surplus or deficit (—}
of shortages which would hamper
production after midyear.
XOTE.—The difference between the administrative budget and the cash budget is largely accounted for by the inAs has been noted earlier, the firstclusion in the latter of trust fund transactions. The national
income and product account includes trust fund transactions,
half accumulation added substantially
but differs in definition from the cash budget in several important respects. Corporate profits taxes are recorded on an
to the demand for GNP, and the acaccrual rather than a cash collections basis; loan transactions
are either omitted or involve differences in timing; the
companying fillip to consumer and
acquisition of financial and second-hand assets are excluded;
and an adjustment for the lag between deliveries and paybusiness income provided a stimulus in
ments for goods is incorporated,
other markets for the Nation's output.
Sources: Administrative and cash budgets from Itudget of
the U.S. Government for the Fiscal Year Ending June 30,
1961; national income and product data, Office of Business
After midyear, the holdings of metals
Economics, based on estimates in the budget.
and metal products accumulated in
By comparison with 1957, last year's the first half were rapidly drawn down.
totals were generally lowest for the The swings in these holdings dominated
metal products industries and the as- the overall movement of durable-goods
sociated rail and mining' groups. Util- stocks last 37ear, and emerge strikingly
ity outlays were off significantly from in the chart on page 9. The sellthe high rates reached in the two off by metal goods manufacturers partly
preceding years. Investment in con- offset the restocking which continued
struction materials manufacturing was in most other segments of the economy
close to prerecession rates, in current- in the second half.
dollar terms, as were expenditures in
The shift from substantial accumulamost nondurable^ manufacturing lines tion in the second quarter to liquidation




Average annual earnings per full-time
employees

Wages and salaries

Role of inventories
Estimated

February 1900

in the third reflected a considerable
cut in production relative to final
demand. The decline in current earnings which resulted after midyear is
described elsewhere.
Fourth-quarter developments in inventories were mixed. The sellofY
tapered in November, with steel production recovering and consumption in
auto and other manufacturing uses cut
back due to the continuing shortages.
In December there was a marked shift
to stock rebuilding.
Federal Fiscal Position Shifts
• Deficit lessens in 1959
•Budget indicates surplus in 1960-61

110

100 ~

=§

*
.2

Expenditures

90

Receipts

80

National income basis

70
1957

1958
1959
I960
1961
Half-Yearly Totals,
Seasonally Adjusted, at Annual Rates

I). S. Department of Commerce, Office of Business Economics

60-2-1

February 1960

In spite of the developments after
midyear, a major part of the first-half
expansion in durable goods holdings
was reflected in the full-year results.
As usual in periods of cyclical expansion, durables accounted for more than
their proportionate share of the overall
rise in nonfarm inventories. Most of
the hard-goods accumulation was in
manufacturing; the largest dollar increases were those reported for the
machinery groups, which operated
against a big backlog of orders throughout the year.
Inventories of nondurable goods manufacturers and distributors rose last
year, to cancel the 1958 decline in book
value.
Inventory ratios

In relation to the constant-dollar
GNP, the physical volume of business
inventories is currently about the same
as during 1955. The ratio is a percentage point lower than in the prosperous
1956-57 quarters. If inventories are
compared with sales and unfilled orders
in particular industries, they appear
low in primary metals manufacturing
and in most of the major steel-using
groups. Stock-sales ratios are down
from recent-year levels in nondurables
manufacturing also.
Government Revenue and
Expenditure
As reflected in the income and product
accounts, the fiscal position of the
Federal Government improved markedly. These accounts show a $9 billion
deficit in 1958 reduced to $2 billion in
1959, with receipts up $10% billion and
expenditures rising $3K billion.
The substantial rise in receipts was
a reflection of the economic recovery
from the 1958 lows. Close to half of
the revenue increase came from the additional corporate income tax liabilities which accrued with the upward
move of profits; and individual income
taxes and contributions going into the
social insurance funds were up by about
$2% billion each. The latter reflected
in part the statutory rate increase and
higher maximum taxable earnings base
which became effective January 1 last
year.
The major portion of the increase in



SURVEY OF CURRENT BUSINESS

11

expenditures stemmed from higher defense outlays for goods and services,
and larger grants to the State and local
governments.

as aircraft, guided missiles, and ships
continued at the 1958 figure of about
$15% billion.
Aside from defense buying, Federal
purchases remained unchanged from
1958 in the aggregate. Expenditures
for the conservation of land and water
resources and the promotion of aviation
facilities were up for the year. The
rise was offset by a $% billion decline in
net purchases made by the Commodity
Credit Corporation under the farm price
support program. The Corporation's
holdings of most crops other than cotton
leveled off after having risen during
1958.
Expenditures other than for goods
and services rose $2 billion, with $1
billion of this going to assist State and
local government programs, primarily
for highway construction. Interest pay-

Federal operations

Defense spending rose moderately in
the first and second quarters of 1959,
but tapered after midyear to a fourth
quarter rate little different from that
registered a year earlier. The 1959
total was close to $46 billion, up about
$1% billion from 1958. The major increases were in military outlays, but
expenditures for atomic energy development were also up, and purchases for
the space exploration program advanced
sharply to total a quarter-billion dollars
for the year.
Orders placed by the Defense Department for major equipment items such

The numbering of the following tables conforms to that introduced
last year in U.S. Income and Output, a supplement to the SURVEY (see
announcement on outside back cover of this issue). That volume
presents a full explanation of the new quarterly reporting system, as
well as detailed data for 1946-55. The corresponding estimates for
195&-58 appear in the July 1959 National Income Number of the
SURVEY,

Table 1-3.—Gross National Product or Expenditure, Seasonally Adjusted Quarterly Totals
at Annual Rates, 1956-59
[Billions of dollars]

19 58
1956

1957

1958

19 59

1959

I

II

III

IV

I

II

III

IV

Gross national product-.

419.2 442.5 441.7 479.5 431.0 434.5 444.0 457.1 470.4 484.8 478.6 483.5

Personal consumption expenditures

269.9 284.8 293.0 311.6 287. 3 290.9 294.4 299.1 303.9 311.2 313 3 317 0

Durable goods
Nondurable goods
Services

38 5 40.3 37 6 43 0 36 9 36 7 37 1 39 8 41 3 44 1 43 6 42 8
131.4 137.7 141.9 147.9 139. 5 141.5 143.1 143.6 145.3 147.7 148.0 150.1
100 0 106 7 113 4 120 7 111 0 112 7 114 2 115 7 117 4 119 4 121 6 124 1

, _

67.4

66.6

54.9

71.1

52.4

51.3

54.2

61.3

70.0

77.7

67.0

69.7

35.5
17.7
17.8

36. 1
17.0
19.0

35.8
18.0
17 7

40.2
22.2
18 0

35.5
17. 1
18 4

34.6
16.9
17 7

35.4
18.0
17.4

37.3
19.9
17 4

39.7
21.9
17 8

41.0
23. 1
17.9

41.0
22.6
18 3

39.2
21.3
17 9

_

27.2

28.5

22.9

26.1

23.8

22.6

22.2

23.2

23. 9

26.0

27.0

27.fi

Change in business inventories — total...
Nonfarm only
,_

4.7
5.1

4.8 -6.9 -5.8 -3.4
3.9 -8.1 -7.0 -4.5

.8
-.1

6.3
5.4

Gross private domestic investment
New construction
Residential nonfarm
Other

_

Producers' durable equipment

Net exports of goods and services (GNP
basis)
Exports
Imports

10.7 -1.0
9.8 -1.8

-.9 -1.8

3.0
2.3

Federal
National defense
Other
Less: Government sales
.

..

-

4.9

1.2

-.8

2.0

1.2

1.6

.2

.0

-.6

26.2
21.3

22 6
21.3

22 8
23.6

22.2
20.2

22.3
21.1

23.1
21.5

22.7
22.5

21.5
22.4

22.1
23.9

24.1
24.1

23.4
24.1

79.0

86.2

92.6

97.6

89.3

91.1

93.8

96.5

97.4

97.7

98.4

97.4

45.7
40.4

49.4
44.3

52.2
44.5

53.5
45.8

50.1
44.0

51.3
44.3

53.1
44.5

54.2
45.3

63.8
45.8

53.9
46.2

53.6
45.9

52.7
45.3

.3

. . .

2.9
23. 1
20.2

Government purchases of goods and services
-- ..._-.

State and local

2.0 -3.8
1.2 -4.9

.4

.5

.3

.6

33.2

36.8

39.7

40.8

42.2

5.7

5.5

6.6

8.1

8.1

.5

.4

c

40.5

44.1

39.2

7.5

8.9

9.4

8.0

8.1

.3

.3

.4

43.6

43.8

44.8

8.3

7.8
,A

44.7

SURVEY OF CURRENT BUSINESS

12

Table 1-4.—Gross National Product or Expenditure, Quarterly, 1956-59
[Billions of dollars]
1957

1956

19 >9

19 38

1959

1958

I

' 1

IV

III

II

419.2 442.5 441.7 479.5 103.4 107.7 110.2 120.5

Gross national product

II

112.9 120.2

III

IV

118.2

128.2

269.9 284.8 293.0 311.6

Durable goods
Nondurable goods
Services

68.3

71.9

72.1

80.7

72.5

76.8

76.7

85.6

38.5 40.3 37.6 43.0
131.4 137.7 141.9 147.9
100.0 106.7 113.4 120.7

Personal consumption expenditures

8.3

9.1

8.8

9.4
33.6
29.6

11.1
35.8
30.0

10.3
36.0
30.4

12.3
42.5
30.7

32.1
28.0

34.4
28. 3

34.8
28. 5

11.4
40.7
28.6

67.4

66.6

54.9

71.1

13.0

12.3

14.4

15.2

17.2

19.1

17.2

35.5
17 7
17.8

36.1
17 0
19.0

35.8
18 0
17.7

40.2
22.2
18.0

7.5
3.4
4.1

8.7
4.3
4.4

9.8
5.1
4.7

9.8
5.3
4.5

8.3
4.4
3.9

10.2

11.4

10.3

Producers' durable equipment

27.2

28.5

22.9

26.1

5.6

6.0

5.3

6.0

5. 7

7.0

6.3

7.2

2.0 -3.8
1 2 —4 9

4.8
3.9

-. 1 -2.4 — . 8
— . 4 -2.6 — 1.0

-.6
—.8

3.2
2.9

1.8
1.6

-.5
7

.2
.1

ments increased about $% billion, reflecting the advance in rates as well as
the higher public debt. The growth in
transfer payments, noted earlier, accounted for $% billion of the rise in total
Federal outlays.
State and local purchases

17.7

New construction
Residential nonfarm
Other

February 1900

Gross private domestic investment..

Change in business inventories — total. ..
Nonfarm only
Net exports of goods and services
basis)

(GNP

4.7
5 1

5.8
4.5

6.4
5.0

5.7
4.6

2.9

4.9

1.2

-.8

.4

.4

.4

2

-.3

-.5

.2

.-

23.1
20.2

26.2
21.3

22.6
21.3

22.8
23.6

5.4
5.0

5.8
5.4

5.4

5.9
5.5

5.3
5.5

5.7
6.1

5.7
6.2

6.1
5.8

Government purchases of goods and services,

79.0

86.2

92.6

97.6

21.7

23.1

23.7

24.2

23.5

24.6

24.8

24.7

45.7
40.4
5 7

49.4
44.3
5 5

52.2
44.5
81

53.5
45.8
81
.4

12.5
10.9
17
.1

12.9
11.2
19
.l

13.3
11.2
2 2
.1

13.5
11.2
2 4

13.4
11.4
2. 1
.1

13.6
11.7
2.0
.1

13.5
11.5
2.0

13.1
11.2
2.0

33 2

36 8

40 5

44.1

9.2

10. 1

10.4

10. 7

10. 1

11.0

11.4

11.6

Exports...
Imports

-

Federal
National defense.
Other
Less* Government sales

_.

3

State and local

.4

0

.1

.1

Table 1—5.—Gross National Product or Expenditures, Seasonally Adjusted Quarterly Totals
at Annual Rates, in Constant Dollars, 1956-59
[Billions of 1954 dollars]
400.9 408. 3 399.0 426.0 391.0 393. 1 400.9 410.8 420.7 432.1 424.3 426.8

Gross national product

38 0 38.5 35.7 40.2 35.2 35.0 35.3 37.5 38.8 41.2 40.6 40.2
. _ 130. 3 132.6 133.7 139.3 131.3 132.7 135.3 135. 6 137.3 139.7 139.4 140.7
96 0 99.8 103.8 108.2 102.2 103.4 104.4 105.3 106.2 107.4 108.8 110.2
61.7

58.5

47.3

60.2

45.0

44.2

46.6

53.0

59.8

66.0

56.4

58.8

New construction
Residential nonfarm
Other

39 3
16 2
16. 1

31 9
15 4
16.5

31 5
16 2
15.2

34 4
19 4
15.0

31 3
15 4
15. 9

30 5
15.3
15. 1

31 2
16 3
15.0

32 6
17 8
14.8

34 3
19 3
15.0

35 1
20.2
14.9

34 9
19.7
15.2

33 3
18 4
14.9

Producers' durable equipment

25 0

24 6

19.3

21.5

20 1

19.0

18.6

19 3

19.8

21.3

4.4 -6.4
3.5 — 7. 2

C O

-3.2
—4.2

1.1
.0

5.7
4.7

Cross private domestic investment

Change in business inventories — total.-Nonfarm only

Government purchases of goods and services
..-

2.0 -3.5
1.1 -4.4

2.5

3.8
24 4
20 6

72.3
41. 7
30. 6

Exports
Imports

4.5
4.9

22 4
19 8

Net exports of goods and services (GNP
basis)
.
. . .

Federal . - State and local

-G!I

22.1

22 7

9.5 -.6
8.6 -1.4

2.8
2.1

.5 -1.4 -2.7 -3.5 -1.9

-2.2

.0 -2.6

.8

.1

21.6
21 6

21.7
24 3

21.0
20 2

21.3
21 2

22 3
21 8

21.7
23 1

20.4
23 1

20.9
24 5

23.1
25 0

22.4
24 7

75.1

78.4

80.7

76.5

77.7

78.9

80.8

81.3

81.4

81.0

79.1

42.8
32.3

44. 1
34.4

44.2
36.5

42 8
33.7

43.9
33.8

44.3
34.6

45 2
35.5

44 t
36.4

45 0
36. 4

44 1
36.9

42 7
36.3

Table 1-9.—National Income by Type of Income, Seasonally Adjusted Quarterly Totals at
Annual Rates, 1956-59
[Billions of dollars]
National income

350. 8 366. 5 366. 2 398. 5 355. 8 358. 9 369. 5 380. 4 389. 4 403. 9 398. 2

Compensation of employees. . _

242. 5 255. 5

\Vages and salaries
Private
Military
Government civilian '

•>>7 (>
ISO. t>
Q ~
28.4

NA

256.8 277.4 252. 5 253. 2 258. 5 202. 9 269. 9 278.9 279. 3 281. 6

38 5 239. 4 257. 8 '?3r> l> 236. 0 ->41 1 245. 1 9 50 9 259 4 259. 5 261. 5
198. 4 196! 2 212! 1 193. 4 193. 2 197; 1 200. 8 206.' 2 214! 0 213! 5 214! 8
9 0
9 5
9. 8
9. 9
9 8
9. 7
9 8
9. 7 10. 0
9 8
9 8
30.5 33! 5 3.ri' 9 32! 3 33! 2 34.0 34. 4 34.8 80! fi 36!3 36! 9

9

14.9

17.2

17. 5

17.8

19. ()

19. 6

19.8

20.0

46. 1

45. 9

46. 8

47.4

46. 6

45.1

46.7

32 7
11.8

32.4
14.2

34. 5
11.8

31. 6
14. fi

32. 0
13. 9

32. 6
14. 2

33. 2
14. 1

46. 9
.,._> -,
13. 2

31. 5
12! 1

34 g
10! 3

35. 1
11. 6

11.5

11.8

12.0

11.7

11.8

11.9

11.9

12.0

12.0

12.0

12.0

42. 0

41. 7

36.7

NA

31.5

33.8

38.0

43.5

45. 5

51.0

46.0

NA

43. 3
21.1
22 2

37 1
18.2
18.9

NA
NA
NA

32.0
15.7
16.3

33. 6
16. 5
17. 1

38. 3
18.8
19. 5

44.6
21.9
22.7

4(5. 5
22.' 6
23.8

52. 6
25. 6
27. 0

46 4
22! 6
23. 8

NA
NA
NA

-1.5

Profits before tax
Profits tax liability _ _
Profits after tax

17.3

46. 3

44. 7
21. 2
23 5

Corporate profits and inventory valuation
adjustment

19. 6

46.6

10.9

Rental income of persons

17.4

44.5

32 1
11.6

Business and professional
Farm.

17.0

43.7

Supplements to wages and salaries
Proprietors' income _

-.4

NA

-.4

-.3 -1.1

— 9 -1.6

o

NA

13.3

14.3

15.6

13.9

14.4

15.1

15.8

16.1

Inventory valuation adjustment
Net interest- _

_.

11.7

14.1

14.7

15.4

NA—Not available.
1.. Includes also the pay of employees of g Dvernment enterprises and of permanent U.S. residents employed in the United
States by foreign governments and internal i< :>nal organizations.




Improved Federal Budget outlook

264. 3 270.8 273.3 287.6 268.7 271.1 275.0 278.4 282.3 288.3 288.8 291.1

Personal consumption expenditures
Durable goods
Nondurable goods.
Services

State and local government purchases
of GNP were up $3% billion to a $44
billion total. All major components
shared in the increase. More than half
of it was in compensation of employees,
as pay rates advanced and the number
employed rose 5 percent.
The fiscal position of these units as
shown in the income and product accounts improved somewhat. Current
revenues expanded with the step-up in
highway grants from the Federal Government and the continued increase in
receipts from sales and property taxes.

The new Budget transmitted by the
President to Congress last month programed Federal expenditures in balance
with estimated receipts for the current
fiscal year, that ending June 30, 1960.
A surplus is calculated for fiscal 1961.
A translation of the official Budget estimates into the income and product account framework is summarized in the
table on page 10.
Realization of the Budget projections
would mean that total Federal outlays
in calendar 1960 will be up somewhat
over the December quarter of 1959 as
a result of higher transfers and interest
payments. Outlays for goods and services are expected to remain substantially unchanged. The calculated rise in
receipts on income and product account
assumes an improvement in business,
as outlined in the President's message,
and allows for the social security tax
rate increase which went into effect last
month.
It may be noted that the calendar
1959 deficit on income and product account was substantially less than those
shown in the administrative and cash
budgets. This is partly because revenues as measured for national income
purposes include corporate profits taxes
on an accrual basis, and therefore this
measure reflected last year's recovery

SURVEY OF CURRENT BUSINESS

February 1960

Table I—11.—National Income by Industry Division, Seasonally Adjusted Quarterly Totals
at Annual Rates, 1956-59
[Billions of dollars]
19,56

1957

1958

I

All industries, total
Agriculture, forestry, and fisheries
Manufacturing
Durable-goods industries
Nondurable-goods industries
Wholesale and retail trade
Finance, insurance, and real estate
Transportation
Communications and public utilities

19 59

19 58

1959
II

III

IV

I

II

III

IV

350. 8 366. 5 366.2 398.5 355.8 358.9 369.5 380.4 389.4 403.9 398.2

NA

15.2

NA
NA
NA

67.3
40.1
17.3
15.6

NA
NA

in profits immediately. Again, expenditures on national income and product
account exclude loans and other capital
transactions, which involved substantial
disbursements in 1959. These and other
accounting differences are quantitatively much less important in 1960.

NA

99.8 104.3 110.5 115. 5 124.6 118.4
58 0 60 8 66 1 69 4 76 8 70.4
41 8 43 5 44 4 46 1 47 8 47 9

13

16. 1

16 4

19.0

16.8

19 1

109.3 112.6 103.7 119.0 100.3
65 9 68 8 61 0 NA 59 1
43 4 43 8 42 7 NA 41 3

58.2
32 4
16.8
12 7

60.4
34 7
17.2
13 5

60.5
36.6
16.4
14 4

66.5
39.5
17.5
15.6

57.9
36 0
16.0
14 0

18.7

59.5
36.3
15.9
14 3

19.0

61.7
36.7
16.5
14.4

19.1

62.9
37.4
17.1
14.7

18.2

64.5

17.2

66.6
39.0
17.7
15 5

National Income

The one-tenth rise in national income last year, now indicated by data
covering all components except fourth37.3 40.0 41.6 44.7 40.7 41.3 42.0 42.5 43.2 44.3 45.1 NA
Services
40.4 43.2 46.7 49.5 45.2 46.2 47.5 48.0 48.3 49.2 49.9 NA
Government and government enterprises
quarter profits, was basically the result
27.8 28.6 27.3 29.5 26.5 26.8 27.4 28.2 28.6 29.8 29.5 NA
Other
-.-.
of expanding activity though it also
NA—Not available.
reflected higher prices paid for labor
and property services. The larger
production volume was made possible
Table 1-14.—National Income by Corporate and Noncorporate Form of Organization,
Seasonally Adjusted Quarterly Totals at Annual Rates, 1956—59
by expanded employment, some length[Billions of dollars]
ening of the average workweek, and an
11
improvement in operating efficiency.
19 58
1959
1956 1957 1958 1959
p
Real gains were widespread in the
IV
I
II
IV
III
III
I
II
e
economy, and nearly all industries
established records in both volume and
6
National income
350.8 366.5 366.2 398.5 355.8 358.9 369.5 380.4 389.4 403.9 398.2 NA
value of production.
V
Income originating in corporate business
195.2 203.1 194.4 218.8 187.7 189.0 196.2 204.8 212.5 224.6 218.8
NA
The improvement from 1958 \vas
Compensation of employees
154.6 162.7 158. 9 172.8 157.3 156.3 159.5 162.6 168.2 174.6 173.9 174.6
143.8 150. 6 146.9 159.2 145. 2 144. 4 147.4 150.4 154 9 161.0 160. 1 160 7
Wages and salaries
rj
particularly pronounced in durables
F
Supplements to wages and salaries _ _ 10.9 12.2 12.1 13.7 12.1 11.9 12.0 12.2 13.3 13.7 13.8 13.9
n
manufacturing, where the effects of
Corporate profits and inventory valua40.2 39.8 34.9 NA 29.9 32 1 36. 1 41.6 43 7 49 3 44.2 NA
tion adjustment l J
pgeneral cyclical advance were only
&
42.9 41.4 35.3 NA 30.3 31.8 36.4 42.7 44.6 50.9 44.5 NA
Profits before tax
21.2 21.1 18.2 NA 15.7 16.5 18.8 21.9 22.6 25.6 22.6 NA
Profits tax liability
n
partially checked by the steel shutdown.
Profits after tax !
_____ _
21.7 20.3 17.1 NA 14.6 15.4 17.6 20.8 22.0 25.3 21.9 NA
^
Inventory valuation adjustment
-2.7 -1.5 -.4 NA -.4
.2 -.3 -1.1 -.9 -1.6 -.3 NA
C
Gains were less sharp in the mining and
7
7
,7
.7
.6
Net interest
.6
.3
.6
.6
.6
.6
.7
T*
railroad industries, which depend on
Income originating outside corporate busisteel activity for considerable business.
S
155.7 163.4 171.8 179.6 168.0 169.9 173.3 175.6 176.9 179.3 179.5 182. 9
ness _
Substantial increases in output occurred
s
NA—Not available.
in nondurables manufacturing and in
1. Excludes corporate profits originating in the rest of the world sector.
trade.
The rise in income from contract
Table I—18.—Relation of Gross National Product, National Income, and Personal Income, construction work stemmed primarily
Seasonally Adjusted Quarterly Totals at Annual Rates, 1956—59
from an advance in the amount of
[Billions of dollars]
building and other types of construction
IS 58
19 59
put in place. A considerable part of
1956 1957 1958 1959
such activity is carried on outside the
I
IV
II
II
III
IV
III
I
contract construction industry, being
done by the companies themselves or—
419.2 442 5 441.7 479.5 431 0 434.5 444 0 457 1 470 4 484 8 478 6 483 5
Gross national product
in the case of private houses—by real
34.4 36.9 37.9 40.2 37.5 37.6 38.0 38.5 39.3 39.9 40.5 41.2
Less: Capital consumption allowances
Indirect business tax and nontax liaestate developers. Such work is re35.7 38.1 39.0 42.0 38 3 38 9 39 1 39.9 40 7 41 7 42 3 43 1
bility
1.7
1.7
1.7
1.7
1.7
Business transfer payments
1.6
1.7
1.7
1.7
1.7
1.7
1.7
flected in the income and product of
—2 4
—1 7
3 6 N\
—2 1 —2 3 — 1 2 — 1 5 —3 3 —2 4
Statistical discrepancy
the industries concerned. A substantial
Plus: Subsidies less current surplus of gov.7
1 l
.7
6
ernment enterprises
.8
11
.6
1.0
.9
1.0
1.1
1.0
share of the overall increase in activity
Eq uals : National income
350.8 366.5 366.2 398.5 355 8 358 9 369 5 380.4 389.4 403 9 398.2 NA
last year, however, was accomplished
Less: Corporate profits and inventory valby the contract construction industry
42 0 41 7 36 7 NA 31 5 33 8 38 0 43 5 45 5 51 0 46 0 NA.
uation adjustment
Contributions for social insurance
12.6 14.6 15.1 17.9 14.8 14.8 15.3 15.5 17.5 17.9 18.1 18.2
proper.
Excess of wage accruals over disburseo
ments
.0
.0
.6
.6 -1.3
.0
.0
.0
.0
.0
.0
A variety of service-type industries—
Plus: Government transfer payments to
including the public utilities, finance,
persons
_. _ _ .
17.2 20.0 24.4 25.1 22.8 24.9 25.4 25.1 24.7 24.8 24.8 26.0
Net interest paid by government
6.1
7.4
6.8
6.2
6.2
6.2
7.0
6.3
6.6
6.2
6.1
insurance and real estate, and the
Dividends. _ _ _
__. __.
12! 1! 12.5 12.4 13.2 12.7 12.6 12.6 12.0 12.8 13.0 13.4 13.6
17
17
17
Business transfer payments
1 6
1 7
17
17
1 7
17
17
17
services division—continued up on
Equals: Personal income
332. 9 350. 6 359. 0 380.2 352. 2 355.0 363.4 366.3 371.8 381.1 381.0 386. 8
postwar growth trends. The only
exception to the general advance was
XA—Not available.



1

00

0

17.5
15.2

NA
NA

SURVEY OF CURRENT BUSINESS

14

Table II-2.—Personal Income and Its Disposition, Seasonally Adjusted Quarterly Totals at
Annual Rates, 1956-59
[Billions of dollars]
19 58
1956

1957

1958

19 59
III

II

IV

I

II

III

IV

332 9 350 6 359 0 380 2 352 2 355 0 363 4 366 3 371 8 381 1 381 0 386 8

Wage and salary disbursements
..__
Commodity-producing industries . - Manufacturing only
Distributive industries
Service industries .
Government

227.6 238. 5 239.4 257.8 234.6 235.4 242.3 245. 1 250. 9 259.4 259. 5 261.5
98.7 102.2 97.8 107.3 96.3 95.8 98.2 100. 9 104.2 109.6 107. 6 107.9
77.7 80.6 76.7 84.6 75.8 74.9 76.9 79.1 82.1 86.4 85.0 84.8
60.3 63.4 63.8 67.6 63.4 63.1 64. 1 64.5 66.0 67.4 68.3 68.6
30.5 32.7 34.6 37.2 33.7 34.3 34.9 35. 3 36.0 37.0 37.6 38.3
38.0 40.2 43.2 45.7 41.2 42.2 45.2 44.3 44.7 45.4 46.0 46.7

8.1

9.1

9.3

10.0

9.3

9.3

9.3

9.4

9.7

9 9

10 1

10 3

43.7
32.1
11.6

44.5
32.7
11.8

46.6
32.4
14.2

46.3
34.5
11.8

46. 1
31.6
14.6

45.9
32.0
13.9

46.8
32.6
14.2

47.4
33.2
14. 1

46.9
33.7
13.2

46 6
34.5
12. 1

45 1
34.8
10 3

46 7
35. 1
11 6

Rental income of persons
Dividends
Personal interest income

10.9
12 1
17 5

11.5
12 5
19 5

11.8
12 4
20 4

12.0
13 2
22 4

11.7
12 7
20 2

11.8
12 6
20 3

11.9
12 6
20 5

11.9
12 0
?0 8

12.0
12 8
21 3

12.0
13 0
22 0

12.0
13 4
2? 7

12 0
13 6
23 5

Transfer payments- _ _ _ . . _ .
Old-age and survivors insurance
benefits . _ _ _ _ _ _ _
. __
State unemployment insurance
benefits.
___ . .
... . _ .
Veterans' benefits
Other

18.8

21.7

26.1

26.8

24.4

26.6

27. 1

26.8

26.4

26.5

26. 5

27.7

5.7

7.3

8.5

10.1

7.9

8.6

8. 7

8.8

9.4

10.2

10.4

10. 5

1.4
4.2

1.8
4.4

3.9
4.6

2.5
4.4

3.1
4.6

4.2
4.6

4.8

4.2
4.5

2.9
4,5

2.2

2.0

8 3

91

9 7

89

9 2

9 3

9 5

Other labor income
Proprietors' income
Business and professional
Farm

_

Less: Personal contributions for social
insurance ..
Less: Personal tax and nontax payments
Federal
State and local

7 5

4. 5
9 1

4 5
9 6

4 4
9 9

5.8

0.7

7.0

8.3

6.9

6.9

7.1

7. 1

8.1

83

8.4

8 4

42.7
37.4
5 4

42.6
36.7
58

45. 5
39.2
6 3

41.9
36.2
5 7

42.1
36. 3
58

42.9
37.1
59

43.4
37.4
6 0

44.4
38.2
6 2

45.8
39.5
6 3

45.9
39.5
6 4

46.1
39.7
6 4

292.9 307.9 316. 5 334.6 310.3

Less: Personal consumption, expenditures

269. & 2818 293.0 311.6 287.3 290.9 294.4 299. 1 303.9 311.2
23 0

Addendum: Disposable personal income in
ronstant (1954) dollars

2.8

4 3
9 g

40.0
35.2
4 8

Equals: Disposable personal income

Equals: Personal saving

23 1

23 5

23 1

22 9

312.9 320.4 322.9 327.4 335. 3 335.1 340.8

26 0

22 0

23 7

23 5

313.3 317.0
21 9

24 1

23 7

286.9 292.9 295. 2 309. 0 290.0 291.6 299. 2 300. 4 304. 3 310.7 308.9 312.9

Table II—6.—Personal Consumption Expenditures by Major Type, Seasonally Adjusted
Quarterly Totals at Annual Rates, 1956-59
[Billions of dollars]
19 58

1956

1957

1958

269.9

Durable goods, total
Automobiles and parts.
Furniture and household equipment. .
Other
Nondurable goods, total
Food and beverages
Clothing and shoes
Gasoline and oil
Other

_.

Services, total
Housing
Household operation
Transportation
Other

19 59

1959
I

Goods and services total

III

II

IV

I

II

III

284.8 293. 0 311.6 287.3 290.9 294.4 299.1 303. 9 311.2 313.3
40.3
17.0
17.4
5.8

37.6
14.0
17.4
6.2

43.0

36.9
13.5
17.2
6. 1

36.7
13.6
17.0
6.1

37.1
13.2
17. 6
6.3

39.8
15.7
17.8
6.3

41.3
17.2
17.7
6.4

44.1
18.8
18.8
6.4

IV

317.0

43.6
18.2
18.9
6. 5

42.8
17.2
18.8
6.8

131.4 137.7 141.9 147.9 139.5 141.5 143. 1 143.6 145.3 147.7 148. 0
71 2 74 3 76 6 78 8 75 8 77 0 76 6 77 0 77. 8 79 0 78 8
24. 5 25.4 26. 1 27.7 25.3 25.7 26.7 26. 6 26.7 27.8 27.8
9 6 10.4 10. 5 11.2
10.3 10.4 10.7 10.7 11.0 11.1 11.3
26.2 27.6 28.7 30.2 28. 1 28.3 29.1 29.3 29.8 29.8 30.1

150.1
79 5
28.3
11.4
30. 9

100.0 106.7 113.4 120.7 111.0 112.7 114.2 115.7 117.4 119.4 121.6
32 7 35 2 38 0 40 7 37 0 37 7 38. 4 39.0 39.6 40 3 41 0
14. S 1 5. 8 16.9 17.8 16. 5 16.8 17.0 17.2 17.3 17.6 17.8
9.3
9.2
8.9
9.0
9. 1
9. 3
8.9
9. 1
9. 5
8. 6
9. 4
43 8 46 8 49 4 52 8 48 6 49 2 49. 7 50. 3 51. 1 52. 1 53 4

124. 1
41 8
18. 1
9 6
54 6

38.5
15.8
17.4
5.3

17.8
18. 6
6.6

Table II—7.—-Personal Consumption Expenditures by Major Type, Quarterly, 1956—59
[Billions of dollars]

1956

1957

1958

19 58

1959

19 59

I

Goods and services, total

Vutomobiles and parts
Furniture and household equipment. other
Nondurable goods, total
Food and beverages
f'kvthing and shoes
Gasoline and oil
Other
Services, total

269.9 284. 8 293.0 311.6

11

in

IV

I

II

68.3

71.9

72.,

80.7

72.5

76.8

76.7

85, fi

11.4

38.5

Durable goods, total-

40.3

37.6

43.0

8.3

9.1

8.8

15 8
17.4
5 3

17 0
17.4
5 8

14 0
17.4
6 1

17 8
18. 6
6 6

3 4
3. 8
1 1

3 7
4. 1
1 4

3 2

38

4.3
1 3

131.4 137. 7 141.9 147.9

32. 1

34,4

78 8
27 7
11.2
30 2

17 9
•") '?
2.3

19 1
6 2
2.8
6 3

100. 0 106.7 113.4 120.7

28.0
9. 2
4.6
•> 1
12. 0

71 2
24 5
9. 6
2fi 2

-_

Housing
Household operation,
Transportation
. ..
0 1 her




32. 7
14. S
8 6
43.8

74 3
25 4
10. 4
4)
7 6

3' 2
1 5. h
N 9
46. 8

76 6
26 1
10.5

3s. o

16.9
9. 1
49. 4

in agriculture, where incomes were
lowered by price declines and risingproduction expenses.

1959

I
Personal income

February 1900

40. 7
17.8
q 4
52. 8

III

IV

9.4

11.1

10. 3

12.3

2 4

4 3
3.9
1 2

5 1
4.5
1 4

4 3
4.6
1 4

5. 6
9 fl

31. 8

40.7

33. 6

35.8

36. 0

42.5

19 7
5 8
2.8
6.4

19 9
8. 9
2 (;
Q 2

18 4
5 6

20 2
6. 1
3.0

7 1

19 6
6 6
2.9
fi 7

6 7

'>() fi
9. 5
2. 8
9 7

28.3

28.5

28.6

29.6

30.0

30. 4

30.7

9. 4
4.2
2.3
12.4

9. (i
3.9
2.4

9 7
4.3
2.3
12. 3

9. 9
4. S
2 9
12. 7

H). 1
4.3
•> -i
13. 1

11). 2
4. 0
2 .•
13. 6

10. 5
4.6
2.4
13. 3

4 2

Income in durables

manufacturing

Income from the manufacture of
durable goods rose almost one-fifth
from 1958 to 1959, reaching an annual
rate of $73 billion for the first half and
approaching this pace hi the second.
Over a third of the gain in average
employment for the economy as a whole
in 1959 was in these lines. In addition,
operating efficiency improved considerably as production moved up from the
uneconomically low rates which had
characterized the recession phase of
the cycle. Together with some rise in
weekly hours, these elements accounted
for most of the income expansion.
Production volume and income were
up considerably in every major group.
As usual in short-term business swings,
the changes in these lines were considerably sharper than in real GNP as a
whole.
Despite its unfavorable fourthquarter experience, the auto industry
registered a steep rise both in income
and in units produced. The real gain
in auto manufacturing income and
product is traceable to an increase of
one-sixth in average employment for
the year and a greater-than-average
improvement in efficiency as production
swung sharply higher. The retarding
effects of the steel strike were visible in
the comparative record for primary and
fabricated metals. Employment and
output gains in these, though substantial, were relatively less than in
other durables lines.
Marked advances were registered by
durable goods industries benefiting from
the rise in construction activity.
Grotvth in nondurables

Income from nondurables manufacturing, which had declined relatively
little in 1958, accordingly rose less last
year than did earnings in the more
cyclically-sensitive industries. The 1959
total was around one-tenth—more than
$4 billion—above the previous year.
As elsewhere, the rise stemmed mainly
from volume gains, as employment
moved up and the tendency towards
more efficient utilization of labor and
fa eili t ies con tinned.

February 1960

Income expansion was general among
the nondurables groups, reflecting the
rise in direct consumer purchasing described above as well as an upswing in
sales to industrial users. Improvement
was particularly marked in textiles and
apparel, chemicals, and rubber. The
increase reported for textiles and apparel was the largest in these lines
since 1950, both in dollar income and
in production volume.
Profits reverse 1958 decline

With the cyclical upswing in manufacturing and the vigorous growth in
other industries largely corporate in form
of organization, corporate profits rose
sharply from the depressed levels of 1958.
For the first half of the year, net
income before taxes reached an annual
rate above $48 billion, excluding gains
from the advance in prices of inventory
goods, and nearly $50 billion when such
gains are included. On an after-tax
basis the first half rate of profits
exceeded $25 billion.
In the third quarter, net income declined some 5 percent. The mixed
movements which characterized the
closing months of the year cannot yet
be weighed from the data at hand.
The effects of the substantial recovery
in steel production, for example, were
more or less offset by a cut in auto
profits. From what information is
available now it does not appear that
the fourth-quarter experience differed
greatly from that of the third quarter
overall. If so, profits last year exceeded
1958 by one-fourth or more and surpassed the previous record, set in 1955,
by nearly one-tenth.
The industry pattern of the 1959
profits rise was broadly similar to that
found in total income and product.
There was a strong cyclical advance in
manufacturing, partly clamped down b}"
developments in steel. Mining and
transportation showed the same two
influences. Earnings in trade, services,
finance, and the utilities reflected a
combination of moderate cyclical gains
with an extension of the longer-term
growth in these industries.
Growth in employee and other
incomes

Compensation of employees rose more
t h a n $20 billion, or 8 percent, to reach



SURVEY OF CURRENT BUSINESS

15

Table 111-3.—--Government Receipts and Expenditures, Seasonally Adjusted Quarterly
Totals at Annual Rates, 1956-59
[Billions of dollars]

1956

1957

1958

1959

19 *>$

1959

IV

I

79 3

83 0

I
Federal Government receipts

II

III

76 1

77.5

Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance

81 9

78 4

88 8

75 2

35.2
20.2
11.6
10. 6

37.4
20.1
12.2
12.2

36.7
17.3
11.9
12. 5

39.2
NA
12.6
14.9

36. 2
14.9
11.8
12.3

36. 3
15.7
12.0
12.2

37.1
17.9
11.7
12.6

37.4
20.8
12.1
12.7

IV

II

III

86 5

91 3

88 7

NA

38.2
21.6
12.2
14.6

39.5
24.4
12.4
14.9

39.5
21.5
12.7
15.0

39.7
NA
12.9
15.0

71.8

Purchases of goods and services
Transfer payments
To persons
Foreign (net)
Grants-in-aid to State and local governments
Net interest paid
Subsidies less current surplus of government enterprises
Surplus or deficit (— ) on income and
product account

79.5

87.4

90.9

83.2

87.0

89.3

90.8

90.5

90.9

91.0

91.6

45. 7
14.9
13 5
1.5

Federal Government expenditures

49.4
17.4
15 9
1.5

52.2
21.2
19 9
1.3

53. 5
21. 9
20 3
1.5

50.1
19. 5
18 3
1.2

51.3
21.6
2() 3
1.3

63.1
22.1
20 9
1.2

54.2
21.9
20 4
1.5

53. 8
21.4
19 9
1.5

53. 9
21.5
20 1
1.4

53.6
21.6
20 1
1.5

52.7
22. 9
21 2
1.7

3.3
5 2

4. 1
5 6

5 4
5 5

6 5
61

4.8
5 7

5.3
5 6

5.5
55

6.0
55

6.5
56

66
59

6.6
6 2

6.4
6 7

2 7

30

31

30

31

31

32

32

31

30

2 9

2.9

State and local government expenditures
Purchases of goods and services
Transfer payments to persons
Net interest paid
Less: Current surplus of government
enterprises

NA

38.7

41.9

46.4

40.3

41.4

42.4

43.7

45.2

46.4

46.8

NA

4.8
1.0

5.4
1.0

5.8
.9

6.3
NA

5.7
.7

5.8
,8

5.9
.9

6.0
1,0

6.2
1.1

6. 3
1.2

6.4
1.1

6.4
1. 1

24. 1
2.0
33

25.9
2.3
4 1

27.2
2.7
5 4

29.4
3.0
6 5

26.5
2.5
4 8

26.9
2.6
5 3

27.4
2.7
5 5

27.9
2.8
60
O.U

28.5
2.9
6 5

29.3
3.0
6 6

29.7
3.1
6 6

NA

35. 7

Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals _ _- _. _.
Contributions for social insurance
Federal grants-in-aid

.4 -2.4

35.2

State and local government receipts

39.6

43.5

47.2

42.3

42.8

43.8

45.4

46.8

46.9

47.8

47.9

40.8
4.5
6

42.2
4.6
7

43.6
4.8
7

43.8
4.7
7

44.8
4.7
7

44.7
4.8
8

2.1

2.2

2.2

2.3

2 3

2.3

5.7

2.4 —9 1 -2 1 -8.0 —10.9 -10.1 -7.8

Q

40.5
4.5
6

44.1
4.8
7

39.2
4.5
6

39.7
4.5
6

1.9

2.1

2.3

2.0

2.1

33.2
3.7
5

36.8
4.1

1.7

Surplus or deficit (— ) on income and
product account.
_.
.

K

-1.0

-1.6

— 9 -1.9

-1.4 -1.4

-1.7

-3.9

-1.6

-.5 -1.0

3.2
6 4

NA

NA—Not available.

Table III—4.—Government Receipts and Expenditures. Quarterly, 1956—59
[Billions of dollars]
1950

19 5S
1957

1958

19 59

I

Federal Government receipts

_

Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals.
Contributions for social insurance

!„

1959

II

HI

IV

I

II

III

18.8

77.5

81.9

78.4

88.8

19.7

20.2

19.8

21.6

24.2

21.9

NA

35. 2
20 2
11.6
10.6

37.4
20 1
12,2
12.2

36. 7
17 3
11.9
12.5

39.2
NA
12.6
14.9

9.6
36
2.8
3.7

9.7
3 9
3.0
3.5

9.4
4 6
2.9
2.9

8.0
5 3
3.1
2.3

9.5
50
2.9
4.2

10.9
60
3.1
4.1

9.9
5 4
3.2
3.4

8.9
NA
3.3
3.2

Federal Government expenditures

71.8

79.5

87.4

90 9

20.8

21.8

22.5

22.3

22.4

22.8

23.0

22.9

Purchases of goods and services
Transfer payments
To persons
Foreign (net)

45.7
14.9
13.5
1 5

49.4
17.4
15.9
1 5

52. 2
21 2
19.9
13

53. 5
21 9
20.3
15

12.5
5.2
4.8
3

12.9

13.3
53
.5.0
3

13.5
5 2
4.9
3

13.4

13.6
5 5
5.1
4

13.5
5 3
4.9
4

13.1
5. 5
5.1
4

3.3
5.2

4.1
5.6

5.4

6.5

61

1.0
1.4

1.2
1.4

1.5

5. 5

1.4.

1.7
1.4

1.4
1.4

1.5
1.5

1.9
1.6

1.8
1.7

2 7

30

31

30

.7

8

10

6

.6

8

8

8

Grants-in-aid to State and local governments _ _
____
..
Net interest paid
Subsidies less current surplus of government enterprises
Surplus or deficit (— ) on income and product account - _...
State and local government receipts
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals.
Contributions for social insurance
Federal grants-in-aid
State and local government expenditures.
Purchases of goods and services
Transfer payments to persons
Net interest paid
Less: Current surplus of government
enterprises
'.
Surplus or deficit (— ) on income and product account
N A—Not available.

5.7

2.4 -9.1 -2.1 -1.1

5.5
5.2
3

-1.7

9 7 -3.5

5.6
5.2
4

-.7

11.0

1.4 -1.1

NA

12.0

NA

16
.3
7.5
.8
1.9

16
NA
7. 7
.8
1.8

35.2

38.7

41.9

46.4

9.9

10.4

10.6

4 g
1,0
24.1
2.0
33

5 4
1.0
25.9
2.3
4 1

58
.9
27.2
2.7
5.4

6 3
NA
29.4
3.0
6.5

1 5
.2
6.5
.6
1.0

16
.2
6.7
'7
1. 2

a9

.7
1. 5

l'. 7

35.7

39. 6

43.5

47.2

10.0

10.9

11.2

11.5

10.9

11.8

12.1

12.4

33 2
3. 7

36 8

44. 1

9.2

10. 1

10.4

11.0

1.2
2

1.2
.2

11.4

11.6

1.1
2

1.2
.2

10.1

.1

1.1
.2

10.7

5

4.1
6

40 5

1.7

1.9

,5

.6

.6

.6

.6

,1

-.5

-.2

NA

4.5
6

4.8
.7

1.1

1 3
2

2.1

2.3

.5

.5

.5

-.5 -1.0 - 1. 6

-.9

t

-.5

-«5

11.0
13
.3
7.1

17
.3
7.0
.7
1.4

11.3
15
.3
7.3
.8
1.5

1.2
.2

1.2

SURVEY OF CURRENT BUSINESS

16
a total above $277 billion for the year.
The increase was most marked for corporate employees, with other private
and government payrolls also advancing
substantially. The expansion was industrially widespread; increases were
largest in manufacturing, construction,
and the service-type industries mentioned above.

February 1960

on the order of a billion dollars a year,
and reached a total of $15% billion.
Income of nonfarm business and professional proprietors was $34% billion,
$2 billion above 1958 and nearly as far
beyond the previous record established
in 1957. Earnings of farm proprietors
fell back to the 1955-57 average of

Higher employment played an important part in the rise of employee
compensation. Together with an increase in average hours per week, this
improvement accounted for nearly half
the gain in private payrolls.
Interest income of individuals extended the postwar pattern of increases

Table IV-2.—Foreign Transactions in the National Income Accounts, Seasonally Adjusted Quarterly Totals at Annual Rates, 1956-59
[Billions of dollars]
19 59

19 58

1956

1957

1958

1959
I

II

III

IV

I

II

III

IV

23.1
- -

Payments to abroad

__

Imports of goods and services
Net transfer payments by Government
Net foreign investment

-

-

.-

-

. _

_

..

-

.-

22.8

22.2

22.3

23.1

22.7

21.5

22.1

24.1

23.4

22.6

22.8

22.2

22.3

23.1

22.7

21.5

22.1

24.1

23.4

26.2

22.6

22.8

22 2

22.3

23.1

22.7

21.5

22.1

24.1

23.4

20.2
1.5
1.5

- -_

_ - - _ . . - _ - -

22.6

26. 2

23.1

- -

26.2

23. 1

Receipts from abroad
Exports of goods and services

21.3
1.5
3.5

21.3 23.6
1.3
1.5
— . 1 -2.4

20.2
1.2
.7

21.1
1.3
— .1

21.5 22.5 22.4 23.9 24.1
1.2
15
1.5
1.4
1.5
-2.4 -3.2 -1.5
.4 -1.3

24.1
1.7
—2.3

Table IV-3.—Foreign Transactions in the National Income Accounts, Quarterly, 1956-59
[Billions of dollars]

1956

1957

1958

19 58

19 59

1959
I

II

III

IV

I

II

III

IV

23.1

Imports of goods and services
Net transfer payments by Government
Not foreign investment

--

- ---

...

22.6

22.8

5.4

5.8

5.4

5.9

5.3

5.7

5 7

6. 1

26.2

22.6

22.8

5.4

5.8

5.4

5.9

5.3

57

5 7

6. 1

23.1

Payments to abroad

26.2

23.1

Receipts front abroad
Exports of goods and services

26.2

22.6

22.8

5.4

5.8

5.4

5.9

5.3

5.7

5.7

6.1

20.2
1.5
1.5

21.3
1.5
3.5

21.3 23.6
1.3
1.5
— .1 —2.4

5.0
.3
.1

5.4
.3
.l

5.5
.3
— 3

5.5
.3
1

5.5
.4
—.6

6 1
.4
— 8

6 2
.4

58
.4
i

Q

Table V-2.—Sources and Uses of Gross Saving, Seasonally Adjusted Quarterly Totals at Annual Rates, 1956-59
[Billions of dollars]

1956

1957

1958

19 58

1959
I

66.1
---

Government surplus o n income a n d product transactions
Federal
State and local

-

-

-

-~ -

__

-

-




69 3

71 9

67.5

74 0

64 2

65 0

23 1
NA
NA
40.2
.0

22 9
3.6
— 4
37.5
.6

22 0 26 0 23 7
4.5
6.9 10 7
2 — 3 —1 1
37.6 38.0 38 5
.6 -1.3
.0

1.4 -10.7 -3.0 -10.0

-12.3 -11.5

-9.5

I

II

72 9

76 4

2.4 -9.1 —2.1 -8.0 -10.9 -10.1 —7.8 —3.9
—1.0 —1.6 —.9 — 1.9 — 1.4 — 1.4 —1 7 —1 6

IV

72 5

NA

21
10
—
40

9
4
3
5

23 7
NA
N\
41 2

— . 1 —3 4

NA

.4 —2.4
— 5 —1 0

NA
NA

74 5

67 4

23 5 24 1
11. 1 14 0
— 9 —1 6
39.3 39 9
.0
.0

-5.5

III

o

o

68.8

Gross private domestic investment
N e t foreign i n vestmen t

NA—Not available.

IV

23.5
6.5
—.4
37.9
.0

5. 7

_ - - . _ - _ .

Gross investment

Statistical discrepancy

III

68.2

5.2

- _ _ .

. . ._

II

23.0 23.1
11.3
9.7
—2.7 — 1.5
34.4 36.9
.0
.0

Gross private saving
Personal saving
Undistributed corporate profits
Corporate inventory valuation adjustment
C apital consumption allowance
Excess of wage accruals over disbursements

19 59

----

- ..

--

- -- -

. . _
-

70.1

54.8

68.7

53.1

51.2

67.4
1.5

66.6
3.5

54.9 71. 1
-. 1 -2.4

52.4
.7

51.3 54.2 61 3 70 0 77 7 67 0 69 7
—. 1
.4 —1.3 —2.4 —3.2 — 1 5 —2 3

-2.4

.5 -2.1 -2.3 -1.2

-1.5

54 6

-3.3

60 0

—2.4

67 6

.2 -1.7

65 5

—3 6

NA

SURVEY OF CURRENT BUSINESS

February 1960

just under $12 billion, after having
reached $14 billion in 1958.
Note. Constant-dollar
text of this report and
has been expressed in
because a recent price

GNP in the
in the charts
1959 prices,
base is most

convenient in current business analysis.
The basic calculations, however, have
been carried out in terms of 1954
prices as shown in Table 1-5. The
conversion from the 1954 to the 1959
price base is accomplished by extending the various components of the
current-dollar GNP for the year 1959

17

on the basis of the relative movement
of the corresponding components expressed in 1954 dollars. In general,
this conversion has been done in terms
of the published GNP components.
In some instances, however—notably
inventory change—unpublished detail
is used.

Table VI-10.—Corporate Profits (Before Tax) and Inventory Valuation Adjustment, by Broad Industry Groups, Seasonally Adjusted
Quarterly Totals at Annual Rates, 1956-59
[Billions of dollars]

1956

1957

1958

19 59

1958

1959
I

II

III

IV

I

II

III

IV

42 0

-

Transportation, communications, and public utilities.

_ _

-

-

_ _ __

All other industries

NA

31 5

33 8

38 0

43 5

45 5

51 0

46 0

NA

18 7

NA

16 2

16 7

19 1

22 9

24 2

28 6

23 8

NA

12 6
10.9

13 1
10.0

9 5
9.2

NA
NA

7 9
8.3

8 2
8.5

9 3
9.8

12 6
10.3

13 0
11.2

17 0
11.6

12 3
11.5

NA
NA

5.6

-

36 7

23 2

5.5

5.7

NA

5.1

5.4

5.9

6.4

6.7

6.8

6.4

NA

12 9

Durable-goods industries
Nondurable-goods industries

41 7

23 5

4.11 industries, total
Manufacturing

13 1

12 3

NA

10 3

11 7

13 0

14 2

14 7

15 6

15 8

NA

11!

IV

NA—Not available.

Table VII-3.—Implicit Price Deflators for Seasonally Adjusted Quarterly Gross National Product or Expenditure, 1956-59
[Index numbers, 1954=100]

1956

1958

1959
I

III

II

IV

I

II

104.6 108.4 110 7 112 6 110 2 110 5 110 7 111 3 111 8 112 2 112 8 113.3

Gross national product

102.1 105.1 107 2 108 3 107 0 107 3 107 1 107 5 107.6 107 9 108 5 108. 9

Personal consumption expenditures
Durable goods
Nondurable goods
Services

19 59

19 58

1957

101. 3 104.8 105. 2 106.9 104.7 104.9 105. 2 106. 0 106.4 107.1 107.3 106.5
100.9 103.9 106. 1 106.2 106 3 106. 6 105. 8 106.0 105. 8 105. 7 106. 2 106.7
104.1 107. 0 109 2 111 6 108 6 109 0 109 3 109 9 110. 5 111 1 111 8 112.6

__ _

Gross private domestic investment
New construction
Residential nonfarm
Other -_

109 8 113.2 113 7 116 9 113 4 113.5 113.3 114 4 115.8 116 8 117 4 117.7
109. 0 110.8 111.1 114.6 111.2 110.2 110.8 111.9 113.6 114.4 114.9 115.6
110.7 115.3 116.4 119 9 115 6 116.9 115. 9 117.5 118. 6 120 1 120.6 120.2

Producers' durable equipment- _
Change in business inventories — total

109. 0 115.8 119.0 121.5 118.2 119.0 119.3 119.7 120.8 122.0 122. 0 121.3

Net exports of goods and services (GNP basis)
103.4 107.3 104 6 105. 0 105 7 104.7 103.7 104.3 105. 2 105 8 104 4 104.5
101.8 103.2 98.8 97.1 100 4 99.4 98.4 97.4 96.6 97 9 96.4 97.7

Exports
Imports
Government

purchases

of

goods

and

services

--

--

109.2 114.9 118.1 121.1 116.8 117.2 119.0 119.4 119.7 120.1 121.5 123.2
109 7 115 4 118 4 121 2 117 2 116 9 119 7 119 9 119 8 119 8 121 6 123 4
108 6 114.2 U7 7 121 1 116 3 117 6 117.9 118.9 1 19. 6 120 4 121.4 123 0

Federal
State and local

Table VII-18.—-Corporate Profits and Inventory Valuation Adjustment, Quarterly, 1956-59
[Billions of dollars]
1958

1956

1957

1958

19 59

1959
I

II

III

IV

I

II

III

IV

42.0

41.7

36 7 NA

7.4

8.6

9.7

11.0

10.6

12.7

11.5

NA

Profits before tax

44.7

43.3

37 1 NA

7.6

8.4

9.8

11.3

10.8

13.0

11.6

NA

Profits tax liability
Profits after t n x
Inventory valuation adjustment

21.2
23 o

21.1
22 2

18 2 NA
18 9 NA
— 4 N\

3 7
39
«j

4. 1
4 3
.1

4.8
50
j

5 5
5 7
2

5.3
5 5

6 3
6 7
— 3

5.6 NA
5 9 NA
— . 1 NA

Corporate profits and inventory valuation adjustment

NA.—Not available.


5:59426 -00—-

The Balance of International Payments in 1959
Payments Exceeded Receipts; Some Improvement in Second Half
A

MAJOR feature in last year's
foreign transactions of the United
States was the decline of the export
surplus of trade in nonmilitary merchandise to less than $1 billion from
$3.3 billion in 1958. The change was
due to a rise in imports; exports were
about the same as in the previous year.
Much of this decline in the trade
surplus was offset, however, by smaller
net payments on other transactions,
mainly through changes in capital
movements. As a result, (excluding
the capital contribution of $1,375
million to the International Monetary
Fund) the adverse balance on our
foreign transactions as a whole increased over 1958 by about $300 million
to $3.7 billion.
Both payments and receipts in our
foreign operations were higher than in
the previous year. On the payments
side, the $2.5 billion rise in merchandise imports was partially offset by
declines in Government grants and
capital outflows, and in private investments other than direct investments.
These direct investments were higher
than in 1958, mostly because of purchases by American parent companies
(a) of minority interests in their foreign
subsidiaries, and (b) of existing foreign
companies to expand their operations
abroad.
The rise in our receipts was due
mainly to advance repayments by
foreign governments on their debts to
the United States Government, and to
higher foreign investments here. Receipts from various service transactions
were only slightly higher.
The accompanying charts put these
developments into longer perspectives.
The decline in the trade balance in
1959 shown in the chart on page 19
continued the movement since the
middle of 1957, although last year it
18




it was due to rising imports, rather
than declining exports as it was during
the earl}7 part of that period. Through
1958, most of the change in merchandise trade was reflected rather directly
in the size of the aggregate balance of
payments deficit but in 1959 it was
largely offset by plus changes in other
transactions, particularly during the
latter half of the year.
Gold loss loiver—Foreign dollar
holdings up

Although net payments to foreign
countries and international institutions
(even omitting the new capital contribution to the IMF) in 1959 were larger
than the year before, transfers of gold
were lower. Our gold stock declined
by $1,070 million, less than half of the
$2.3 billion decline during 1958. This
decline in 1959 includes the transfer of
about $344 million of gold to the IMF
as part of our capital subscription
(omitted in the table on p. 19), which
was largely offset by sales of $300
million by the IMF to the United
States for non-interest bearing notes.
The major part of net foreign receipts
through their transactions with the
United States was kept in the form of
liquid dollar assets—mainly in U.S.
Government securities, which yielded
increasing returns as interest rates rose
in the domestic market.

significantly; adjustments for special
factors, such as the advance repayment
of Government loans ($150 million in
the first quarter, and $285 million in the
last), and the probable lag between
certain large payments in the latter part
of the second quarter and the recording
of the corresponding rise in foreign
dollar assets during the third (discussed in the December issue of the
Survey), would also keep net payments
during the second half of the year somewhat smaller than in the first. Nevertheless, the balance on our foreign
transactions during the second half of
1959, without the advance debt repayments and after the other adjustment
indicated above, would have resulted
in net payments at a somewhat higher
rate than during the average of 1958.
Shifts in Merchandise Trade

The decline in our foreign deficit during the second half of last year was due
to a small extent to changes in merchandise trade. Merchandise exports,
seasonally adjusted, reached the lowest
point in the current cycle during the
first quarter of 1959. The}7 rose slightly
during the second quarter, and comparatively steeply during the third.
During the last quarter of the year,
however, exports were off again, though
not by so much as the second to third
quarter rise.
A part of the 1959 second to third
Factors in most recent improvement
quarter rise and the third to fourth
In the course of 1959 the balance of quarter decline in exports may be
our international payments improved
attributed to the anticipations of the
somewhat. Net payments during the
first half of the year amounted to about dockworkers strike early in October as
$2.1 billion, excluding the large IMF a result of which shipments were made
contribution. During the second half in September which otherwise would
have gone out later. Some of the
they were about $1.6 billion.
Adjustments for seasonal factors export decline in the fourth quarter
would not change this relationship mav also be attributed to the steel

February 1 6
90

SURVEY OF CURRENT BUSINESS

imports, seasonally adjusted, were
about as high as during the second
quarter. The sharp rise early in the
year was in part due to petroleum
imports which fell off again during the
second half. This shift in imports
reflected anticipations of and subsequent results of U.S. quota limitations
on imports. Imports of automobiles,
which had risen sharply during the
first half of the year, did not expand
further during the second half.
Most other imports continued to
move upwards. There was a continued
advance in purchases of foreign steel,
which had increased also during 1958.
During the first half of the year the
demand for higher inventories here in
anticipation of the strike, and in the
U. S. Balance of Payments
second half actual supply stringencies
Recent improvement mainly due to
accentuated the previously existing
transactions other than merchandise trade
upward trend.
Billion Dollars - Q u a r t e r l y
The major exceptions to the rise were
declines in the import values of food
products—partly because of improved
meat supplies in this country, and partly
Net Merchandise Exports
excl. military goods)
because of lower prices for coffee and
cocoa.
The overall stability in imports during the second half of 1959 thus reflected
mixed trends for various types of commodities. Although a further drop in
petroleum imports is not anticipated,
imports of steel, meat, and some other
products, raised, in part, by temporary
Balance on Services, Capital,
influences, may be expected to decline.
and Other Transactions
The rise underway in U.S. business
activity, however, may result in a con1956
1957
1958
1959
I960
tinued expansion in the demand for
Seasonally Adjusted, at Annual Rates
other imports.
Again, therefore,
* Excludes contributions $1.4 billion to the IMF
changes in imports of various commodities should in part be offsetting, so that
U. S, Department of Commerce, Office of Business Economics
60-2-19
for some time the changes in the total
exports of nonmilitary goods were still may continue to be comparatively
lower, however, than in 1956 and far
small.
from sufficient to balance the net expenditures arising from our other interService and military transactions
national transactions.
The movement in merchandise imReceipts and payments on interports led that of exports. (See chart national services and military transacon page 20.) The low point of the last tions in 1959 expanded by approxicyclical decline was reached early in mately the same amount. On the U.S.
1958, about a year earlier than in the receipts side the major increases were
low for exports. The subsequent rise in transportation arid travel. Income
of imports accelerated gradually and on investments appears to have changed
reached the highest rate during the first relatively little, with income on direct
half of 1959, but the upward movement investments perhaps slightly lower than
did not continue after the middle of the a year ago (possibly due to a higher
year. During the second half of 1959 share of foreign earnings being re-

strike, the effects of which spread to
some steel-using industries during that
period.
On the other hand, exports of cotton
and airplanes accelerated toward the
end of the year, and shipments of oilseeds and various feedstuffs were high
to meet the demand arising from last
summer's drought in northern Europe.
These considerations suggest that the
interruption of the export rise was due
to temporary factors and that in the
early part of this year exports should
expand again.
Exports during the second half of
1959 were at an annual rate of $16.9
billion, compared with $15.5 billion
during the first. Even after the rise




19

invested abroad), and income on securities and loans somewhat higher. We
paid foreign countries more for transportation and travel than in the preceding year. Our interest payments on
Government securities were also higher
last year, but military expenditures
were lower than in the preceding year.

The Capital Accounts
The major transactions exerting a
positive effect on our balance of payments during 1959 were in the capital
accounts. In part, these developments
reflect the fact that the cyclical movement in business activity in the United
States was somewhat advanced, compared with that in the major European
countries and that credit here started
to tighten earlier; in part, they were the
result of the large balance of payments
surplus in Europe, corresponding to the
deficit here.
The tightening of domestic credit
conditions—which started around the
middle of 1958—affected new issues of
foreign securities in the United States,
as well as short-term lending by banks.
In 1958, new foreign issues here
amounted to nearly $900 million; in
1959, they were about $400 million less.
Most of the decline was due to a shift
by the International Bank from the
U.S.

Balance of International

Payments

1958 and 1959
[Billions of dollars]
1958

U.S. Expenditures Abroad
U S imports
Merchandise
Services and military expendituresRemittances and pensions
Government grants and2 capital outflow (short-term net)1
U S private capital (net)

.

Increase in foreign gold and liquid dollar
assets through transactions with the
United States J
of which: U.S. sales of gold l

20 9
12.9
8.0
.7

23 5
15.3
8.2
.8

2 8

2.9
2 3

27.6

Total
Foreign Expenditures in the United States
U.S. exports
Merchandise
Services and military sales
Repayments on U.S. Government
loans
Foreign long-term investments in the
United States
Transactions unaccounted for (net)
Total

1959?

29.5

23.2
16.2
7.0

23.4
16.2
7.2
1.0

.0
.4

.5
.9

24.2

25.8

3.4
2.3

3. 7
.7

p Preliminary estimates.
1. Excludes the U.S. subscription of $1,375 million to the
IMF of which $344 million was paid in gold.
2. Excludes military grant aid.
Source: U.S. Department of Commerce, Office of Business
Economics.

20

SURVEY OF CURRENT BUSINESS

United States to Europe as a source of
new capital.
The net outflow of short-term banking funds dropped from about $340
million in 1958 to around $100 million
in 1959. Medium-term bank loans
were also somewhat less in 1959 than a
year earlier. Another factor contributing to the reduction in the outflow of
U.S. capital was the decline—particularly after the middle of 1959—in U.S.
purchases of foreign stocks (other than
those representing direct investments).
In 1958, our net expenditures on
foreign stocks were well over $300
million; in 1959, they were probably not
much more than $200 million, and these
were concentrated during the first 5
months of the year. The comparative
advances in foreign and U.S. stock
prices substantially reduced the differences between yields here and abroad
on comparable securities, and thus
operated to dampen stock purchases
abroad.

A major element in the shift in capital area. It also made possible the acmovements from 1958 to 1959 was celeration of economic activity abroad
the resumption of foreign long-term at a more rapid pace than would
investments here—mainly through pur- have been likely if they had to cope
chases of stocks—and the advance re- with less favorable balance of paypayments by foreign governments of ments conditions.
long-term debts to the U.S. GovernAt the end of 1959, business in other
ment. Together, these two items industrial countries—as in the United
increased U.S. receipts in the balance States—was moving forward, and in
of payments in 1959 by nearly $1 some countries and industries it was
billion.
approaching capacity operations. This
Foreign purchases of U.S. corporate should—as may be inferred from
securities had declined in 1957, partly previous experiences—tend to improve
as a result of restrictions imposed in the trade balance of the United States.
some European countries during the The rise in foreign business, however,
financial crisis earlier in that year. In has as in our case also resulted in
1958, foreign sales exceeded purchases a tightening of credit in the major
by about $40 million. Starting in the foreign countries. Narrowing the diflatter part of 1958, foreign purchases ferences in the supply situation for
increased again, and net foreign pur- credit between the United States and
chases of U.S. corporate securities major foreign capital markets may
in 1959 may be estimated at about change the effects which capital move$400 million. This was more than ments had on our balance of payments
in 1959.
in any other postwar year.
The tightening of credit abroad would
The rise reflects in part the liberalization of European restrictions on capital appear to make less likely a repetition
transactions, which was made pos- of the developments in 1956 and 1957
sible by the substantial increase in when the rise in foreign demand was
European gold and dollar holdings speeded up by inflationary credit expansion. This was one of the major
during 1958 and 1959.
factors then accelerating the growth
The improved reserve position abroad
also made possible the advance repay- in our exports which contributed to
ments on foreign debts. The total of the temporary balancing of our foreign
receipts and payments at that time.
such payments was $435 million, inA further rise in foreign business
cluding $150 million from Germany,
activity in combination with certain
$250 million from the United Kingdom,
special factors currently stimulating
about $25 million from France, and
U.S. exports may be expected to have a
$10 million from Mexico.
beneficial effect on our balance of
payments. Part of the necessary imCurrent position of United
provement in our foreign accounts,
States
however, will still depend upon the
The large rise in gold and dollar strengthening of our position in interholdings of the major foreign industrial national trade by private efforts, and
countries during 1958 and 1959 enabled on the effects of various measures
them to continue the dismantling of already taken or under consideration
restrictions on their foreign transac- by the Government for the purpose
tions, particularly those with the dollar of achieving this end.

Foreign Trade
Exports started up again in 1959
while imports stabilized
Billion Dollars—Quarterly
30

Exports (excl. military goods)

20

10

1956

1957

1958 1959 1960

Seasonally Adjusted, at Annual Rates
U. S. Department of Commerce, Office of Business Economics




60-2-1

February 1960

Industry and Finance
JLHE MAJOR tendencies in industrial
and agricultural production and the
financial aspects of the general economic

situation earlier summarized, are reviewed in the more detailed aspects in
the final section of this report.

Industrial Growth and Patterns
of Production
THE COURSE of production during
1959 reflected the changing patterns of
business and consumer demands. The
value of new orders placed with manufacturers during the year was one-sixth
higher than in 1958 and 6 percent ahead
of 1956, the previous top year. Order
placements exceeded shipments during
most of the year, resulting in a sizable
build-up of backlogs on the books of
manufacturers. These stood at $51
billion at yearend, $4% billion above
the end of 1958.
The placement of new business was
particularly brisk in the first half of the
3rear, slowed during the strike period,
and partially recovered in the closing
months of 1959 to a rate about equal
to the average for the year. The 1959
expansion centered in durable goods
where new orders received were up a
fourth over 1958. The largest relative
increases were recorded for producers
of machinery and primary metals.
Industrial production in 1959 was
one-eighth above 1958. The cyclical
expansion in output, already well underway in 1958, accelerated in the first
half of 1959. By rmrtyear, production
was at a peak rate. The stoppage in
steel mills beginning in mid-July interrupted the upswing. The recovery in
early November was rapid and carried



total industrial output by the year-end
back to the high June rate.
Work stoppage

influence

The impact of the steel shutdown,
which covered more than 85 percent of
the industry's steel making facilities and
caused immediate cutbacks in coal and
iron ore output, is depicted in the chart
on page 1. Production schedules in the
metalworking industries were sustained,
in part by drawing on previously builtup inventories of steel and component
parts. In the final quarter, however,
lack of steel restricted output in a number of metal consuming plants. This
was particularly true for autos though
other industries—railroad equipment,
farm machinery and tractors—were also
affected.
Industrial output dropped between
June and October, mostly in industries
producing materials. Production of
final products showed little overall
change during this period though some
decline occurred in November when
auto assemblies were sharply curtailed.
Widespread advance

higher than in any previous year. Durable manufacturing, which had shown
a marked reduction in the 1957-58
business contraction, registered the largest relative increase, more than onesixth. Nondurable and utility output
each posted a gain of 10 percent.
Minerals production while larger than
in 1958 was held down appreciably by
the direct and indirect effects of work
stoppages and by a supply-demand position of refined petroleum products which
resulted in restricted operations by crude
oil producers under State production
quotas during the last half of 1959.
Table 1.—Federal Reserve Revised Industrial
Production
Index,
Seasonally
Adjusted, 1957 — 100
1959
1958

1959P
June

Total industrial production
Industry:
Manufacturing, total
Durable
Nondurable
Mining
Utilities
Market:
Final products, total
Consumer goods
Equipment
Materials

Oct.

Dec.p

93

105

110

102

109

92
87
100

105
102
110

110
110

102
95
111

109
107
112

91

95

98

91

98

105

115

116

117

121

95
99
87

107
110
100

108
111
102

109
112
103

109
113
102

91

103

110

97

109

111

p Preliminary.
Source: Board of Governors of the Federal Reserve System.

Production trends among industry
groups during 1959 were uniformly
upward in the first half and somewhat
irregular in the last half. Persistent
growth in the utility industry together
with the relative stability of nondurable goods production were factors
in the limited temporary decline in
total industrial activity.

All of the broad industrial categories
of the new Federal Reserve production
index contributed to the output rise Record steel output
from 1958 to 1959 and, except for the The steel industry has been operating
mining group, production in 1959 was at a record rate since early last Decem21

February I960

SURVEY OF CURRENT BUSINESS

22
ber. In January of I960, mill operations averaged over 95 percent of rated
capacity in place as of January 1,
1960, and output surpassed the 12
million ton mark for the first time.
Demands for immediate consumption
and for inventory buildup continue
strong.
For all of 1959, production of steel
ingots and castings totaled 93.4 million
tons, 10 percent above the reduced
volume of 1958. This production, in
terms of finished steel products, was
supplemented by an expanded flow of
imports. Exports were reduced substantially so that the supply of finished
steel products available for the domestic market, amounting to approximately 72 million tons, w^as nearly
one-fourth larger than in 1958 and 5
percent below the 1957 volume.
Output of nonferrous metals in 1959
was generally below 1958 and for most
of the year was running below consumption. Aluminum was a notable
exception with output higher than in
any previous year. Copper activity
Durables Goods Industries
New orders and sales trends
Bil!i<an Dollars

6

MACHINERY
—

4

6

New Orders

^ i

i i 1 i i i

PRIMARY

2
6

>,,,,,!

i

, i

!

1

METALS

^

/

••'A

:::::

^1

1 i

_

AND

FABRICATED

4

dP^"

J^C^/^^tfX
_

2

—

**.

Sales

^^^ \]

!

1

1

1

1

1

1

!

1 iiM i 1

1

TRANSPORTATION
EQUIPMENT

4

2

'

s*\
A.l

1

1

1957

1

l"""l""l

1958

1

1

I.MM!

1959

1

I




Expansion in producers' equipment

Factory output of all types of electrical and nonelectrical machinery expanded in 1959 by one-fifth, with the
industry generally participating. For
some lines—electronic equipment and
components, communications equipment, and certain types of industrial
machinery and construction equipment—shipments were higher than in
any previous year.
Production of nonautomotive transportation equipment—aircraft, shipbuilding, and railroad equipment—was
only slightly above 1958. Activity in
aircraft plants was affected by the
continuing shift from production of
manned military aircraft to missiles,
the latter accounting for an increasing
proportion of total output in the aircraft manufacturing industry. Total
expenditures for the procurement of
missiles in fiscal 1960 are programmed
by the government to be above that for
fiscal 1959.
Rising shipments of civilian aircraft
after mid-1959 reflected to a large
extent deliveries on domestic and foreign orders for jet commercial transport
planes originally placed more than 2
years ago. Civilian backlogs of all
types of planes are close to the record
high.
Freight car builders received an
enlarged volume of new orders last
year. Largely because of steel shortages in the latter half, shipments lagged
well behind the order volume so that for
the year as a whole railroads installed
somewhat fewer cars in 1959 than in
the previous year. Yearend backlogs
stood at 44,000 units, up from the
year-ago total of 28,000.

i

1960

Quarterly
Monthly
Seasonally Adjusted
U. S. Department of Commerce, Office of Business Economics

was sharply curtailed in the latter
half of the year because of work
stoppages which for a large proportion
of the industry are still in effect.
Production of materials other than
metals generally kept pace with demand.
New production peaks were reported for
such important basic materials as
paper, industrial chemicals including
plastics and resin materials, synthetic
rubber, and cement.

60-2-7

Consumer products

In the aggregate, production of consumer s;oods increased by more than

one-tenth from 1958 to 1959. The
typically cyclical durable goods—automotive products and major household
equipment—registered the largest yearto-year gains, over one-fourth.
In autos, a relatively high rate of
operations in the first 7 months of the
year was followed by reduced activity.
Most of the industry was shut down in
November because of steel shortages
and full output schedules were not
reached again until mid-December.
Despite the relatively low volume late
in 1959, auto assemblies totaled 5.6
million units, more than 1.3 million
higher than in 1958.
Strike Effects on Industrial Output
Centered largely in metals industries

1957 = 100
140

80

-

60

-

40 I

L
J

F

M

A

M

J

J

A

S

O

1959

N

D

J

F

M

1960

Seasonally Adjusted
U. S. Department of Commerce, Office of Business Economics

Data: FR8
60-2-8

In January of 1960, the industry
operated at an exceptionally fast pace
and assemblies climbed to 690,000 units
from 500,000 in December. The January count was the highest monthly
total since December 1955.
Consumer spending for major household appliances, radios, and television
receivers was strong throughout 1959
and manufacturers' shipments rebounded smartly from the 1957-58
recession levels. Year-to-year production increases were registered for all
products with gains for some lines—
refrigerators, dishwashers, radios and
TV sets—exceeding 20 percent. Because of the expanding volume of appliances in use in homes, replacement
sales constitute an increasing proportion of the market.

SURVEY OF CUE-KENT BUSINESS

February 1060

The general movement of production
of such goods as apparel and shoes,
food, beverages, and tobacco manufactures, and paper and refined petroleum
products—roughly three-fourths of total
consumer goods output—was upward

in 1959 and new production records
were established for most product
groups. Perhaps most striking was the
output rise of one-fifth for apparel
products; this large gain followed 4
straight years of decline.

AgricultureOutput Steady; Farm Income Lower
Jt1 ARM production in 1959 was about
equal to the high attained in 1958 and
well above any earlier year. Substantial increases in marketings of hogs,
poultry, and eggs were accompanied by
lower prices for these products and
reduced cash receipts. With the discontinuance of the acreage reserve
program, government payments were
reduced and there was some increase in
production expenses.
These changes reduced net income of
farm proprietors from about $14 billion
in 1958 to below $12 billion in 1959, or
back to the 1957 rate. Some further
decline occurred in the number of farms
and farm workers, and income from
nonfarm sources was higher, so that
income per capita of the farm population was only moderately below 1958
and a little above other recent years.
An expansion in livestock production
in 1958 continued in 1959, but its
character was altered during the year
and it was manifested in varied ways

23
before the year end. Egg production
was higher than the year before during
the first three quarters of 1959, but
declined in the final quarter. Prices
showed no appreciable recovery in the
last quarter of the year partly because
supplies at the time were rising seasonally.
Dairy production in 1959 continued
the slight decline which had begun the
year before. This decline together with
an increase in demand made possible
a reduction in Government price support purchases as prices strengthened.
Another large crop

Crop production in 1959 equaled the
outsize harvest of the year before as
increases in acreage offset reductions
in yields from the 1958 peaks.
among the several types of productIncreases in cotton and corn acreages
Beef cattle numbers continued to rise
were substantial as the acreage reserve
7
but marketings remained below a year
earlier until the final quarter. Prices was discontinued and restrictions were
relaxed somewhat for cotton and reof feeder cattle declined substantially
moved for corn. With yields per acre
during the year; finished cattle prices
for each crop about the same as the
were firm during most of the year,
records established in 1958, output rose
declining moderately in the final months
as marketings of the rather large sharply. On the other hand wheat
production was down by one-fourth
number on feed began to show some
because of lower yields.
increase.
Supplies of each of these three crops
By contrast, pork production was up
have increased with a rise in carrysharply in 1959 accompanied by price
overs at the beginning of the season.
declines which were sufficient to lead to
a change in the supply outlook. De- Carryovers at the end of the crop
year are expected to show a further
spite a record corn harvest, preliminary
large rise for corn, a small increase
steps were taken by farmers to reduce
for wheat, and a small decrease for
pork production in 1960. Marketings
cotton. Wheat carryover had risen
will continue to run ahead of 1959 in
nearly 50 percent the year before;
the early part of the year, but are then
the drop in production in 1959 accounts
expected to turn downward.
for the smaller rise in carryover.
An increase in poultry meat producNevertheless, the total at an estimated
tion during early 1959 with a drop in
1.4 billion bushels is about equal to
prices was followed by curtailment in
two years' domestic consumption.
broiler production and price recovery
Cotton price reduced

Table 2.—Farm Gross National Product
[Billions of dollars]
Current dollars

Constant 1954 dollars

1954

1955

1956

1957

1958

1959

1954

1955

1950

1957

1958

38.3

37.2

34.1

35.5

35.9

35. 8

38. 0

1959

34.1

33.4

33.7

34=1

2. Less: Value of intermediate products consumed, total
_ -

13.7

13.7

14.3

14.7

16.2

16.6

13.7

14.0

14.9

15.1

16.3

16. 2

3. Equals: Farm gross national product

20.3

19.6

19.3

19.4

22.0

20.5

20.3

21.4

20.9

20. 6

21.7

21.8

1. Total value of farm output

38. 1

Source: U.S. Department of Commerce, Office of Business Economics, based largely upon data from U.S. Department of
Agriculture




The rise from the year before of more
than 3 million bales in cotton production to 14.7 million bales has been accompanied by a step-up in exports and
some increase in domestic consumption.
The increase in exports reflects a substantial reduction in price at which
U.S. cotton is available in world markets. The CCC basic resale price of
cotton is about 3 cents per pound lower
for the 1959 crop than the support level
for the preceding season, and the export

24
payment-in-kind subsidy was increased
from 6% cents to 8 cents per pound.
Also, foreign production declined the
past year and consumption is considerabh7 higher.
The liberalization in cotton allotments for 1959 and 1960 permits farmers to plant 40 percent more acreage
(Plan B) but the cotton grown is eligible
for CCC loan at 15 parity points less
than the purchase price for cotton
grown by farmers who stay within their
original allotment acreage (Plan A).
The differential between the price received under the two plans has been
considerably less than the 15 parity
points, however, reflecting the resale
of cotton by the CCC at 10 percent
(plus carrying charges) above the loan
price established for Plan B cotton.
Little Plan B cotton has gone to the
CCC; it has been sold at a price near
the CCC resale price.
Whereas changes in carryover stocks
of wheat and cotton are expected to be
relatively small at the end of the 1959
season, the corn carryover will show
a further large advance. The 1959
corn crop at 4.4 billion bushels is 560
million bushels above the year before
and over 1 billion higher than the 10year average. Although feed consumption has shown a substantial rise, and
export sales are at a high rate, the gap
between production and consumption
of several years' standing has widened.
The estimated carryover for all feed
grains at the end of this season is more
than half of one year's consumption by
livestock.

SURVEY OF CURRENT BUSINESS
than the year before, however, reflecting increased commodity sales by the
CCC.
The value of farm real estate continued upward. On November 1, the
U.S. average price per acre was 5 percent above a year earlier and 71 percent
above the 1947-49 average. Investment in farm plant and equipment rose
to an estimated $4.9 billion, equal to
the previous peak in 1951.
Farm gross national product in constant dollars was little changed from

The Farm Situation in 1959
Income was lower following 1958 rise

FARM INCOME

NET

Billions of Dollars

50

51

52

53

54

55

56

57

58

59

Marketings were up

Prices averaged lower

Expenses increased

150

150

150

125

Extensive price support




1958 to 1959, following the substantial
rise the year before. Farm employment
continued its secular decline in 1959, so
that output per worker was up somewhat from 1958. During the past 20
years, farm output per worker has risen
at an average annual rate of more than
3 percent, appreciably higher than in
the nonfarm sector. This has reflected
a combination of increased capital investment and declining employment.
If both of these are considered, then the
rise in farm output in relation to total
input has been at an average annual
rate of around 2 percent.

Farm GNP little changed

The second bumper crop in a row
required continued large price support
operations by the CCC. At the end of
December, price support extended on
all 1959 crops reached $2.3 billion,
somewhat below the comparable figure
a year earlier, but only a small part of
the huge corn crop had been marketed.
Net budget requirements for the fiscal
year 1960 are estimated to be lower

February 1960

100

100

100

75

75
950 52

54

56

58

60

75
1950 52

54

56

58

60

950 52

54 56 56

60

1947-49=100
Data: Dept of Agr
U. S. Department of Commerce, Office of Business Economics

60-2-9

SURVEY OF CURRENT BUSINESS

February 1960

25

Expansion of investment by business
had progressed well above the recession
low in 1958, and along with the general
level of activity, investment demand
was on an upward trend. Inventories
were probably on the low side and
unbalanced; investment in fixed capital
by business firms was slowed by delayed
delivery of metal materials in the late
months. Housing demand was high
throughout the year, but problems of
mortgage financing were increasingly a
factor in the second half of the year and
over the previous year in the Govern- residential purchasing was tending
ment's fiscal position.
downward.
The volume of private indebtedness
High demand for capital funds
was well above any previous experience
The result of these developments was and borrowing costs were at a new peak;
generally higher borrowing costs in but relative to the expanded flow of
1959, with rates up most for short-term income and owned capital resources—
credit (see chart). Maintained interest also at peaks—private debt did not
in common stocks brought a further rise appear out of line. With debt repayin prices of equity securities during ments generally on schedule, servicing
1959; price increases were more general of obligations did not present major
in the first half year. Dividend pay- difficulties in 1959. The economy was
ments also rose as usual in a cyclical stocked with the liquid funds acrise of business, though not to the ex- cumulated in 1958 and earlier, and
tent of stock prices, and equity yields this was a factor in the Federal Reserve
reached new postwar lows. For the operations on the money supply.
year as a whole, the dividend yield averaged below long-term corporate bond Additions to business assets
Both business firms and individuals
yields—a pattern not previously seen in
increased sharply their demand for
prosperous years since the 1920's.
As the year closed, several features funds in 1959. Nonfinancial corporawere evident in the investment picture. tions in 1959 used $30 billion on plant

Financial Markets

High Credit Demands; Security Market Currents
TlIE EXPANSION of business investment and the buoyant consumer demand earlier reviewed were major developments affecting capital markets in
1959. Superimposed on these conditions were the cash deficits in Government budgets, the financing of which
was concentrated in short-term capital
markets.
At the same time, the monetary authorities continued restraints on the
supply of bank funds as a counterinflationary influence, and the money
supply rose much less than business
activity. Personal saving held steady—
even with the substantial gain in income
of individuals—and business saving responded to the considerable improvement in corporate income. The growth
in total private saving did not match
that in private investment, but the difference was made good by improvement

Yields in Money and Capital Markets
Short-term borrowing costs were
at postwar high in 1959

Bond yields move in parallel fashion
but with relatively less amplitude

Stock yields remain around
postwar lew

Percent

Percent
RATE ON TREASURY 3-MONTH BILLS

YIELDS ON MOODY'S Aaa BOND LIST

YIELDS-MOODY'S INDEX OF 200 STOCKS

1957-59

1953-55

Monthly

Monthly

Monthly
D a t a : Moody's and U. S. Treasury D e p a r t m e n t

U. S. Department of Commerce, Office of Business Ect

539426—60
4



60-2-iO

SURVEY OF CURRENT BUSINESS

26
and equipment expenditures and accumulation of inventories, compared
with a total of $22 billion in 1958 (see
chart),
The principal feature of this increase
was a shift from the $4% billion inventory liquidation in the earlier year to an
addition to inventories of $3 billion last
year as the business cycle progressed.
A turn-around in fixed investment by
corporate business had set in late in
1958. The advance was moderate in
1959 and, in the latter part of the year,
impeded by unbalanced materials and
Corporate Capital Requirements
Increased in 1959 by
Large Amounts
40

30

ADDiTIO NS TO
PHYSICAL ASSETS

-

~

m,

• "

t^

20
W

Jj
^

c

«»

W

W'

W

LIQUID ASSETS
10 -

n
-10

20

~

iwi

WL wh

ii
i

-

RECEIVABLES AND
OTHER ASSETS

-

""•--1
!952 53

54

55

56 57

Da to.-

58

59

B a s e d on SEC and
other financ al data

U. 5. Department of Commerce, Office of Bus ness Economcs

60-2-12

some limitations in deliveries of equipment. Thus, there was not much
expansion in corporate outlays for fixed
capital for the year as a whole.
Corporate businesses also increased
their use of funds in financing their
customers, and in adding to their
liquid resources. The increase in corporate net trade receivables (receivables less trade payables) in 1959 was in
the neighborhood of $6 billion, the
highest since 1955 and considerably in
excess of the $4 billion figures for 1957
and 1958. Of the $6 billion, $2}^ billion represented a resumption of netcredit extension to consumers; such



credit had been moderately reduced in
1958. The expansion of corporate
credit to noncorporate business persisted through 1958 and 1959.
Corporate net accumulation of liquid
assets—largely in the form of purchases
of short-term Government securities—
amounted to over $5 billion last year.
Ordinarily, these assets tend to increase
as corporations temporarily invest
funds earmarked for the higher tax
liabilities associated with improved
profitability. Allowing for the increase in these liabilities, the added
ownership of liquid assets in 1959 was
much reduced from the rate of accumulation a year ago, and was about
in line with the expanded volume of
business.

February I960

trast, ownership of fixed value assets—
money assets and savings accounts—
expanded at a much lower rate than in
1958. No doubt, relative improvement in investment returns was an
important factor in the greater emphasis which individuals placed upon their
securities purchases in 1959.
Private saving higher

As usual, the primaiy source of
financing asset expansion in 1959 was
provided by ownership resources. With
profits up substantially more than dividend payments, retained earnings of
nonfinancial corporations increased $4
billion from the depressed volume of $6
billion in 1958. Combined with the
steadily expanded flow from depreciation allowances, total internal funds
Individuals expand assets
provided over $30 billion of corporate
Individuals in their capacity as con- financing in 1959—$5 billion more than
sumers and as owners of unincorporated in 1958 and nearly $3 billion above the
business enterprises also added to their previous high of the 1956-57 period
asset ownership in 1959, and at a (see chart).
volume exceeding any previous expeNet saving of individuals was also in
rience. As debt was also higher, the near-record volume. In all likelihood
addition to equity—personal saving or saving in 1959 was dampened as inasset growth less increase in debt—-was comes flowing to some important segno more than in the preceding three
years. With incomes higher, the proportion of income saved was reduced.
Corporate Financing
Individuals and noncorporate busiFeatured record use of internal
ness increased their investment in
funds and renewed expansion
of short-term debt
physical assets last year. Of special
importance in this respect was the
INTERNAL SOURCES
increase of almost $4 billion, or one30 fifth in purchases of houses. Other
Retained Earnings
expenditures on capital account were
20 also somewhat higher, and, combined
,0with housing outlays, total expenditures
Depreciation .
came to $38 billion, $6 billion more than
Mill!
in 1958.
In addition, individuals accumulated
OUTSIDE FINANCING
financial assets in 1959 at a record rate
=5 20 Long-Term
for the postwar period. The $32 billion addition to liquid assets, marketable securities, and insurance during 1959 compared with a $25 billion
average in the 1957-58 period. A dif.
Short-Term
ference of significance in the light of
PQ .
financial developments in 1959 was the
10 shift in personal preferences towards
marketable securities—principally Government issues.
-10
Individuals increased their holdings
195253 54 55 56 57 58 59
of these securities by $12% billion—
D a t a : Based on SEC and
Other financial data
more than double the annual rate of
U. S. Department of Commerce, Office of Business Economics 6 0 - 2 - M
accumulation in recent years. In con-

•••III II

- •• I

February 1060

incuts of the economy—namely, farm
proprietors, and persons involved in
the steel tieup—were reduced. Also,
stepped-up rates of credit purchasing of
goods included in consumer spending
Hows, by increasing personal debt,
served to offset some of the positive
savings of others.
Corporate borrowing

SURVEY OF CURRENT BUSINESS
advantage of the lowered costs of equity
financing.
Personal borroiving at top

Borrowing by individuals was stepped
up greatly in 1959. Net debt expansion
last year in the form of residential mortgages and installment credit used
mostly to buy consumer durables (see
chart) was in the neighborhood of $18
billion, compared with an average annual increase of roughly $10 billion in
the preceding decade.
Net expansion of residential mortgage
loans last year came to over $12 billion,
moderately above 1955, the previous

The short-term component of corporate indebtedness swelled rapidly (see
chart) reflecting primarily increased
working capital requirements. Nonfinancial corporations in general made
extensive use of bank funds last year,
adding about $2% billion to their outstanding debt. This was in contrast to
the 1958 experience when reduced
capital demands with the lowering of
business made possible a repayment of Retail Sales and Consumer Credit
Increased credit buying in 1959 mirrors
comparable magnitude.
rebound in purchases of durable goods
Other short-term sources of credit
used by corporate business also rose
100
SALES OF
sharply last year, again in contrast to
DURABLE GOODS STORES
the cyclically downward tendency in the
80
])receding year. These sources of funds
are generally temporary in nature,
60
involving book credit, as in the case of
trade payables, or the lag between
accumulations of, and pa37ments to the
Government, of corporate tax liabilities.
With funds generated from internal
sources at a record, outside long-term
financing by corporate business was off
Repayments
in 1959. Bond and note issues dropped
on a net basis from $6 billion in 1958 to
$4 billion last year. There were, however, some partial offsets in other long20
term borrowing and in the flotation of
1952 53 54 55 56 57 58 59 60
new stock issues. With high market
Quarterly Totals, Seasonally Adjusted,
at Annual Rates
prices for common stocks, the volume
of the latter, at close to $4 billion, was
Data: FRB a Q B E
_ - j3
at a postwar high, as corporations took U. S. Devilment of Commerce, Office of Business Economics




60

2

27
year of record increase. Even more
dynamic was the use of installment
credit last year. Whereas, in 1958,
repayments on such loans approximately balanced new borrowing, last
year new borrowing exceeded repayments by $5% billion. This increase
was exceeded only in 1955 when
rapid liberalization of credit terms and
exceptionally high purchasing of automobiles led to record use of installment
borrowing.
Individuals also borrowed at a steady
rate to provide for capital assets used
in business. A feature of recent borrowing for these purposes has been the
continued provision of credit by suppliers of these small firms. Bank
borrowing was also stepped up sharply
in 1959, and this provided an important
supplement to other financing last year.
Public financing

With both Federal and State and
local governments' net cash requirements rising close to the high volume of
1958, the total needs for funds for such
purposes added significantly to the high
demands for capital funds.
The 4% percent interest ceiling on
Federal securities with maturities exceeding five years did not permit
issuance of longer-term obligations,
under the prevailing interest rate conditions after early 1959. With bank financial resources contained by Federal
Reserve policies of monetary restraint,
short-term rates rose sharply, the 3month Treasury bill rate going from 2.8
percent to the new high of 4.6 percent.
Under substantial—though less—pressure, yields on highest grade corporate
bonds rose more slowly from 4.1 percent to 4,6 percent.

atistlcal ^ummary. for 1959
MAJOR BUSINESS INDICATORS, 1954-59
1954

Item
National Income and Product
National income (bil. of dol.) G?
Gross national product, total (bil. of dol.) Personal consumption expenditures
Gross private domestic investment
Net exports of goods and services
Govt. purchases of goods and services. _
Gross natl. prod., total (bil. of 1954 dol.)—
Personal Income
Total (bil. of dol.)
Wage and salary disbursements, total..
C ommodity-producin g industries
Distributive industries
Service industries
Government
Proprietors' income
Rental income of persons
.
Dividends
Personal interest income
-Transfer payments
Less personal contributions social insur
Total nonagricultural income (bil. of dol.) New Plant and Equipment Expenditures
All industries total (mil. of dol.)
IVT anuf acturing
Durable goods industries
Nondurable goods industries
Mining
Railroads
Transportation other than rail
Public utilities
- Commercial and other

1955

1956

1957

1958

1959 i

Item

301.8
363.1
238.0
48.9
1.0
75.3
363.1

330. 2
397.5
256. 9
63.8
1.1
75.6
392.7

350. 8
419.2
269.9
67.4
2.9
79.0
400.9

366. 5
442.5
284.8
66.6
4.9
86.2
408.3

366. 2
441.7
293.0
54.9
1.2
92.6
399.0

398. 5
479.5
311.6
71.1
-.8
97.6
425.8

Farm marketings, physical volume, total
(1947-49 = 100)
Crops

289.8
196.3
84.1
52.3
25.5
34.4
6.2
40.4
10.9
9.8
14.6
16.2
4.6

310.2
210.9
91.4
55.8
27.8
36.0
7.1
42.1
10.7
11.2
15.8
17.5
5.2

332. 9
227.6
98.7
60.3
30.5
38.0
8.1

350.6
238.5
102.2
63.4
32.7
40.2
9.1

380.2
257. 8
107.3
67.6
37.2
45.7
10.0

43.7
10.9
12.1
17.5
18.8
5.8

44.5
11.5
12.5
19.5
21.7
6.7

273.8

295. 0

317.9

335.2

359.0
239.4
97.8
63.8
34.6
43.2
9 3
46.6
11.8
12.4
20.4
26.1
7.0
341.1

nf rlnl '\

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

36, 962
15, 959
8, 022
7, 937
1,243
1,396
1,771
6,195
10, 398

30, 526
11. 433
5, 469
5, 964
941
754
1, 500
6,088
9,810

46.3
12.0
13.2
22.4
26.8
8.3
364. 4
32, 641
12,056
5, 769
6, 287
988
934
2,044
5,745
10, 874

568.3
282.4
134.8
147.5

Durable goods industries
Wholesale trade, total
--!
Durable goods establishments
Nondurable goods establishments
Retail trade total
Durable goods stores _ _ _
.Nondurable goods stores
- Inventories, book value, end of year, unadjusted total (bil of dol.)
Durable goods industries

_

Wholesale trade total
Durable goods establishments
Nondurable goods establishments
Retail trade, total
- - Durable goods stores
- Nondurable goods stores
Manufacturers' orders (bil. of dol.):
rse (.net;, 10 ai _
----.Nondurable goods industries _
Unfilled, end of year, unadjusted
Durable goods industries

__

627. 3
316.1
156.9
159.1

657.6
332. 5
165.7
166.9

675. 8
340.6
169. 9
170.7

648. 3
314.8
148.6
166. 2

719.9
357. 0
174. 2
182.8

116.8
40.0
76.8
169.1
58.2
111.0

127.4
48.2
79.2
183.9
67.0
116.9

135.3
52.8
82.5
189. 7
65.8
123.9

135. 2
50.4
84.8
200. 0
68.5
131. 5

133.1
47.3
85.8
200. 4
63.4
136. 9

147. 5
55.4
92.1
215.4
71.7
143. 8

74.3
43.3
24.1
19.2

87.8
52.5
30.6
21.9

89.6
53.7
31.1
22.6

84.3
49.5
27.9
21.6

88.6
52.8
30.2
22. 6

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

12.9
6.3
6.6
22.4
9.9
12.5

12.5
6.4
6.1
23.4
10.9
12.6

11.6
6.0
5.7
23.2
10.6
12.6

12.5
6.3
6.2
23.3
10.7
12.6

269. 8
121. 9
147.9
46.9
44.1
2.8

326.0
166. 2
159. 8
56.9
53.4
3.5

339.9
173.3
166. 6
64.2
61.0
3.2

327.1
157. 0
170.1
50.7
48.1
2.6

310.8
144.5
166. 4
46.8
44.0
2.8

361.6
178. 3
183.4
51.4
48.1
3.3

246

232

230

235

250

240

277
89
114. 8

276
84
114.5

278
83
116.2

286
82
120. 2

293
85
123.5

298
80
124.6

110.3
95.6
105.3
114.5

110.7
89.6
101. 7
117.0

114. 3
88.4
101.7
122.2

117. 6
90.9
105.6
125. 6

119. 2
94.9
110.9
126. 0

119.4
89.0
107.0
128.2

Prices
Prices received by farmers (1910-14=100)
Prices paid by farmers (incl. interest,
taxes, and wage rates) (1910-14=100).Parity ratio (1910-14—100)
Consumer orices (1947 49 100)
Wholesale prices (1947-49=100):
All commodities, combined index
Farm products
_
Foods, processed .
Allother
1
Data for most items are preliminary,
procedures, and classification.

28



1955

1956

1957

1958

1959!

Production

Manufacturing and Trade Sales,
Inventories, and Orders
QaloQ tntal fhiil

1954

cf For distributive shares, see p. 12.

Livestock and products
Industri'il prod total (1957—100)
Manufactures
Durable manufactures ...
Nondurable manufactures
Mining
__
____
Utilities
Selected commodities, production:
Coal, bituminous (mil. of short tons)._
Crude petroleum (mil. of bbl.)
Electric power, industrial and utility
(bil. of kw-hr.)
Lumber (mil of board feet)
Steel ingots and steel for castings
(mil of short tons)
Motor vehicles, factory sales, total
(thous )
Passenger cars
Trucks and coaches
Construction
New construction, total (mil. of dol.)
Private, total
_ _ __
Residential (nonfarm)
Nonresid., except farm and pub. utiL_
Public total
Nonresidential building
Highway
Employment Status of the Noninstitutional Population
Total 14 years old and over, monthly
average (mil of persons) 9
Labor force, incl. armed forces, total 9 -Civilian labor force 9
Emploved, total 9
- Agricultural employment 9
Nonagricultural employment 9 -Unemployed 9
- _Not in labor force 9
Employment and Payrolls
Employees in nonagricultural establishments, mo. avg., total (thous.)
a^ i a

i

to

Contract construction
Transportation and public utilities
Wholesale and retail trade .. ,_ Finance, insurance, and real estate
Service and miscellaneous.
_
Government
_ .
_ ___ _ _ . _ _ .
Production and related workers, all mfg.:
Emplovment 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 (bil. of dol.) :
Gross debt (direct), Dec. 31
Budget receipts and expenditures:
Receipts, net
Income taxes
Expenditures, total
Major national security
Money supply, Dec. 31 (bil. of dol.):
Currency in circulation .
Deposits (adjusted) and currency,total
Demand deposits, adjusted- .. - _
Time deposits
Currency outside banks

121
111
128

116
102
126

125
122
127

127
123
130

85
86
85
87
86
76

116
109
121
96
97
98
95
95
85

99
100
100
99
100
94

100
100
100
100
100
100

93
92
87
100
91
105

105
105
102
110
95
115

392
2,315

465
2,484

501
2,617

493
2, 617

410
2, 449

410
2 572

545
36, 356

629
37, 858

685
38, 629

716
34, 214

725
33, 579

795
36, 530

112
105
117

88

117

115

113

85

93

6,601
5, 559
1,042

9. 169
7,920
1,249

6,921
5,816
1,104

7,221
6.113
1,107

5, 135
4.258
'877

6,729
5,591
1,137

39, 362
27, 684
15, 379
6, 250
1 1, 678
4,609
3, 680

44, 164
32. 440
18,705
7,611
11,724
4,196
3,861

45, 779
33, 067
17, 677
8,817
12, 712
4,076
4, 395

47, 795
33, 778
17,019
9, 556
14,017
4,507
4,892

48, 903
33, 491
18, 047
8, 675
15,412
4, 653
5, 500

54, 256
38, 281
22, 322
8,726
15, 975
4, 435
5,800

116.2
67.8
64.5
61.2
6.5
54.7
3.2
48.4

117.4
68.9
65. 8
63.2
6.7
56.5
2.7
48.5

118.7
70.4
67.5
65.0
6.6
58.4
2.6
48.3

120.4
70.7
67.9
65.0
6.2
58.8
2.9
49.7

122.0
71.3
68.6
64.0
5.8
58.1
4.7
50.7

123. 4
71.9
69. 4
65.6
5.8
59.7
3.8
51.4

48, 431
15, 995
777
2, 593
4, 009
10,520
2,122
5, 664
6, 751

50, 056
16, 563
777
2,759
4, 062
10, 846
2.219
5, 916
6,914

51, 766
16, 903
807
2, 929
4,161
11, 221
2,308
6,160
7,277

52, 162
16, 782
809
2, 808
4, 151
11,302
2,348
6, 336
7, 626

50, 543
15, 468
721
2, 648
3.903
11,141
2,374
6,395
7, 893

51, 952
16.156
675
2, 764
3, 903
11,379
2. 425
6. 524
8, 126

101. 8
137.7

105. 6
152. 9

106.7
161. 4

104.4
162.7

94.3
148.7

98.8
167.0

32, 464
23, 568

38, 882
28, 958

42,511
31, 897

45, 286
34, 183

45, 586
34, 080

52, 046
39, 482

278.8

280.8

276. 6

274.9

282.9

290. £

61.2
51.2
64. 9
42.8

63.4
51.7
66. 1
40.9

71.0
60.1
67.2
41.2

72.3
61.9
71.7
44.4

68.7
59.0
75.8
45.7

73.3
63.1
80.3
46.3

30.5
209.7
106.6
75.3
27.9

31.2
216.6
109.9
78.4
28.3

31.8
222.0
111.4
82.2
28.3

31.8
227.7
110. 3
89. 1
28.3

32.2
242.6
1 15. 5
98. 3
28.7

32.6
246.3
116.1
101.4
28. 8

15,110
10,215

15, 550
11,384

19, 090
12, 615

20, 850
12, 982

17, 893
12,834

17, 566
15, 212

Foreign Trade
Exports, incl. reexports (mil. of dol.)
General imports (mil. of dol.)

9 Data for 1954-1956 not strictly comparable with subsequent data due to changes in sample, estimating

BUSINESS STATISTICS

Wlontki

JL HE STATISTICS here are a continuation of the data published in the 1959 edition of BUSINESS STATISTICS, biennial Statistical Supplement
to the SURVEY OF CURRENT BUSINESS. That volume (price $2.25) contains monthly (or quarterly) data for the years 1955 through 1958 and
monthly averages for all years back to 1929 insofar as available; it also provides a description of each series and references to sources of monthly
figures prior to 1955. Series added or significantly revised since publication of the 1959 BUSINESS STATISTICS are indicated by an asterisk (*) and a
dagger (f), respectively; certain revisions for 1958 issued too late for inclusion in the aforementioned volume appear in the monthly SURVEY
beginning with the July 1959 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958
December

1959
January

February

March

April

May

June

1960
July

August Septem- October Novem- December
ber
ber

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' income, total cf
do
Business and professionalc? _ _ _ _ ._ do
Farm
do
Pontal income of persons _ ._
- do .
Corporate profits and inventory valuation adjustment total
bil of dol
Corporate profits before tax, total
do
Corporate profits tax liabilitv
do
Corporate profits after tax
do
Inventory valuation adjustment
do

380 4

389.4

403.9

398 2

262.9
245 1
200.8
9 9
34 4
17 8

269. 9
250 9
206. 2
9 8
34.8
19 0

278.9
259 4
214.0
98
35.6
19 6

279 3
259 5
213 5
98
36 3
19 8

281.6
261. 5
214.8
9.8
36.9
20 0

47 4
33.2
14 1
11.9

46 9
33.7
13.2
12.0

46.6
34.5
12 1
12.0

45 1
34.8
10 3
12.0

r 46. 7

43 5
44.6
21 9
22.7
—1 1

45 5
46.5
22 6
23.8
— 9

51 0
52.6
25 6
27.0
— 1.6

46 0
46.4
22 6
23.8
— 3

35. 1
f 11.6
12.0

do

14 7

15.1

15.4

15 8

16.1

do

457.1

r 470. 4

r 484. 8

478 6

483.5

Personal consumption expenditures, total
Durable goods
"Nondurable goods
8 or vices

do
do
do
do

299.1
39 8
143 6
115 7

303.9
41.3
145 3
117.4

311.2
44. 1
147 7
119.4

313. 3
43 6
148 0
121 6

317.0
42.8
150. 1
124.1

Gross private domestic investment, total
New construction
Producers' durable equipment
Change in business inventories

do
do
do
do

61.3
37 3
23 2
.8

••70.0
39.7
23 9
r
6. 3

••77.7
41 0
26 0
10.7

67.0
41 0
27 0
— 1.0

69.7
39.2
27.5
3.0

22.7
22 5

-.9
21.5
22 4

-1.8
22.1
23 9

.0
24.1
24 1

-.6
23.4
24. 1

96 5
54 2
45 3

97 7
53. 9
46 2
43 8

98
53
45
44

4
6
9
8

97.4
52. 7
45.3
44.7

Net interest
Gross national product, total

Net exports of goods and services
~ do
Fxports
do
Imports
do
Government purchases of goods and services, total
bil of dol
Federal (lo^s Government sales)
do
National defence 9
do
8t°te and local
do

r

42 2

97 4
53. 8
45 8
43 6

Personal income, total
I, oss' Personal tax and nontax naymciits
Ecruals' Disposoble personal income

do
do
do

366 3
43 4
322 9

371.8
44 4
327 4

381. 1
45 8
335 3

381. 0
45 9
335 1

380. 8
46. 1
340. 8

Personal saving §

do

23 7

23 5

24 1

21 9

23.7

GNP in constant (1954) dollars
410. 8

r 420. 7

r 432. 1

424. 3

426. 0

Personal conQumptn'on expenditures total
Durable goods
Nondurable goods
- Services

do
do
do
do

278 4
37. 5
135.6
105 3

282 3
38.8
137.3
106 2

288 3
41.2
139. 7
107 4

288 8
40 6
139. 4
108 8

290 3
39. 9
140. 2
110. 2

Gross private domestic investment total
New construction
Produce r s' durable eouipment
Change in business inventories

do
do
do
do

53 0
39. 6
19 3
1.1

56 4
34,9
22 1
— .6

33. 3
22. 7
2.8

Net °\ports of goods and services

do

—1 4

'• 59. 8
34.3
19. 8
r
5. 7
9 7

—1 9

—2 2

Gross national product, total

_

bil. of uol

r

GO 0

35.1
21 3
9. 5

r

Government purchases of goods and services, total
81.4
81.3
81 0
80.8
bil of dol
44 1
44 9
45 0
45 2
Federal
do
36.4
36.9
36. 4
35. 5
State and local. ._
do
r
Revised.
(^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.




f;8. 8

79. 1
42 7
36.3

S-l

January

SURVEY OF CURRENT BUSINESS

S-2
1958

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

February 1900

1959

December

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

GENERAL BUSINESS INDICATORS—Continued
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
-_

366. 9

369.0

371.0

375.4

379.0

381.3

383.8

383.4

380.0

380.9

' 382. 6

»• 387. 0

r 392. 1

393. 3

do do
do
do
do.__
do
do ...

247.0
102.2
80.6
64.7
35.6
44.4
9.4

248.7
102.8
80.9
65.6
35.6
44.6
9.6

250.1
103.5
81.7
66.0
36.0
44.7
9.7

254. 0
106.3
83.8
66.6
36.4
44.8
9.8

257.3
108.6
85.4
66.9
36.8
45.0
9.9

259.8
109. 8
86.7
67.5
37.1
45.4
9.9

261.7
110.9
87.7
68.0
37.2
45 6
10.0

261.5
109.9
86.9
68.4
37.3
45.9
10.1

258.8
106.8
84.0
68.3
37.6
46.0
10.1

259.2
106.8
84.4
68.3
37.8
46.2
10.2

259.2
106.4
83.6
68.5
38.0
46.4
10.2

261.1
107.5
84.2
68.6
38.3
46.7
10.3

' 265. 4
f 111. 1
^87.6
68.8
'38.6
'46.9
10.3

267. 6
112. 5
89.1
69.4
38.7
47.0
10.4

do__.
do _

33.4
14.2

33.5
13.5

33.7
13.2

34.0
12.9

34.3
12.2

34.5
12.0

34.7
12.1

34.9
11.4

34.9
10.0

34.8
9.6

35.0
10.5

35.1
'11.6

'35.2
«• 12.6

35. 2
12. 6

11.9
10.8
21.0
26.3
7.1

12.0
12.7
21.1
26.1
8.1

12.0
12.8
21.3
26.4
8.1

12.0
12 8
21.6
26 6
8.2

12.0
12.9
21.8
26.9
8.3

12.0
13.0
22.0
26 4
8.3

12.0
13. 1
22.2
26.4
8.4

12.0
13.2
22.4
26.3
8.4

12.0
13.4
22.7
26.5
8.4

12.0
13 5
23.0
27.0
8.4

12.0
13.6
23.3
27.2
8.4

12.0
13.7
23.5
28.0
8.4

12.0
13.5
23.8
27.7
8.5

12.1
13.6
24.1
27.4
9. ti

348 8

351 6

353 8

358 5

362 7

365 3

367 8

368.2

366. 3

367 5

368 1

371. 5

bil. of dol

Wage and salary disbursements, total
Commodity-producing industries, total
Manufacturing only
Distributive industries
Service industries
__
Government
Other labor income
Proprietors' income:
Business and professional
Farm
....

Rental income of persons
do. _ .
Dividends
do
Personal interest income
_ . . . do ..
Transfer payments
do
Less personal contributions for social insur.. .do
Total nonagricultural income

do

T

' 375. 4

376. 7

NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals:
\.ll industries

8 013

6 905

8 323

8 321

i 9 092

2 7 788

Manufacturing
Durable goods industries
N endurable goods industries

do
do
do

2 932
1 376
1 556

2 456
1 144
1 312

3,021
1, 450
1,571

3 019
1 437
1 582

3 560
1.73S
1 822

3 048
1.51S
1 530

Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other

do
do
do
do
do

254
156
413
1, 717
2 541

213
159
408
1, 199
2 470

243
262
527
1,474
2,796

256
282
540
1,480
2 744

276
231
569
1. 592
2.864

212
519
1, 165
2. 630

29. 97

30. 62

32.51

33. 35

mil of dol

Seasonally adjusted quarterly totals at annual rates:
All industries
_
bil. of doL.

1

914

33. 95

2 34. 40

Manufacturing
Durable goods industries
"Nondurable goods industries

do
do
do

10 58
4 86
5 72

11 20
5 26
5 94

11.80
5. 74
6.06

12 25
5 83
6 42

12 82
6 13
6 69

13 84
6 97
6 87

Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other

do
do
do
do
do

.97
58
1 62
6 26

.95
63
1 71
* 80
10 33

.94
1.00
2.08
5 82
10. 87

1
1
2
5
11

1.05
87
2 22
5 81
11. 18

95
84
2 15
5 59
11 03

9. 96

01
28
17
58
06

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:
A. 11 commodities
1947-49=100
Crops
do
Livestock and products
do

3,312

2,959

2, 255

2,133

2, 200

2. 205

2,336

2,676

2. 605

3, 270

3,748

3, 795

3.277

3 259
1,700
1, 559
375
893
271

2 912
1,397
1,515
366
885
238

2 221
847
1,374
348
778
222

2 107
596
1.511
388
855
248

2 179
616
1, 563
390
921
^21

2 180
637
1,543
427
859
220

2, 308
819
1.489
398
853
207

2,582
1,116
1,466
385
829
230

2,573
1,132
1,441
376
817
229

3 240
1,571
1,669
369
1.035
248

3 598
1,865
1,733
379
1,066
269

3,654
2, 118
1.536
362
894
264

3.224
1,728
1,496
410
811
253

134
158
114

120
130
111

91
79
101

87
56
111

89
57
115

90
59
113

95
76
109

106
104
108

106
106
106

133
147
122

148
174
127

150
197
113

132
161
110

146
173
126

130
144
120

103
90
113

96
58
123

96
53
129

99
57
131

108
80
129

121
114
128

120
114
124

147
157
139

171
1G8
152

175
223
139

160
190
138

98

100

103

105

107

109

110

102

102

105

105

' 103

107

"111

97
96
100
97

100
97
104
96

103
100
107
96

106
104
108
95

108
106

111
111
111
100

102
99
106
90

103
93
115
92

105
97
116
91

106
98
117
92

104
97
113
•'96

107
107
107
97

/ 112
r 112
i' 111

97

109
109
110
!()(

99
102
107
101
92

101
J05
106
105
94

104
108
111
107
95

104
108
114
106
97

106
109
113
108
99

107
109
113
108
101

108
111
115
110
103

105
107
107
107
101

109
113
99
117
100

110
114
107
117
102

112
117
121
115
101

106
'109

107
109
'111
108
103

P 112
r> 116
* 128
v 112
f 105

INDUSTRIAL PRODUCTION f
Revised Federal Reserve Index of Physical Volume
Unadjusted, total index (including utilities) f
1957=100-By industry:
Manufacturing, total __ _ _
do
Durable manufactures
do__Nondurable manufactures
do
Mining
_
do
Utilities
do
By market grouping:
Final products total
Consumer goods
_
Automotive and home goods
Apparel and staples
Equipment, including defense _

_

do
do
do . , _
do
do

no

' 101

112
100

r- 97

99
99
99
97
111
101
109
106
99
103
110
97
107
Mil
Materials
do
91
'94
' 106
90
112
97
88
114
109
i> 1 H
106
95
96
101
Durable goods materials
do
109
109
109
108
109
108
105
107
106
108
Mil
101
100
103
Nondurable materials
___ _ do. _.
r
2
Revised.
*> Preliminary.
1 Estimates for October-December 1959 based on anticipated capital expenditures of business.
Estimates for January-March 1960 based on anticipated
capital expenditures of business. Anticipated expenditures for the year 1959, and comparative data for 1957-58, appear on p. 4 of the December 1959 SURVEY.
9 Includes data not shown
separately.
fRevised series. In addition to new market groupings and expanded coverage to include utilities and a number of new items, the revised index incorporates major statistical
revisions such as (1) adjustments to recent benchmark data, (2) refinements of estimating procedures, (3) development of new seasonal factors, (4) adoption of the latest (1957) standard
industry classification, and (5) publication of data on a more recent comparison base peiiod, 1957=100. For figures back to January 1955 for total and summary groups (seasonally adjusted),
see p. 6 of the January 1960 SURVEY; for other information and earlier figures, see the December 1959 Federal Reserve Bulletin and the forthcoming separate Federal Reserve publication,
"Industrial Production: 1959 Revision."




SURVEY OF CURRENT BUSINESS

February liXSO
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

S-3

1959

December

January

February

March | April

May

June

1960
July

Novem- DecemAugust Septem- October
ber
ber
ber

January

GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Revised Fed. Reserve Index of Physical Volume— Con.
Seasonally adjusted, total index (including utilities) t
1957=100..
By industry:
M anuf acturing, total
do_ _

100

100

102

104

107

109

110

108

103

103

102

- 102

109

* 112

99

100

102

104

107

110

110

108

104

104

102

102

109

P112

95
90
89
99
97

96
92
92
99
97

98
102
103
99
98

101
109
112
101
99

105
113
117
104
103

109
122
124
109
106

110
118
119
112
109

105
81
71
111
108

98
46
29
106
100

97
45
30
106
99

95
43
30
99
92

^95

r 106
' 109
' 114

91
85
99

92
87
99

94
90
100

96
93
100

100
97
103

104
101
107

107
104
110

108
105
113

107
103
113

108
104
113

107
103
112

r 104

do _
do
do

96
94
96

96
97
94

96
97
94

99
103
94

102
108
95

104
111
97

105
113
96

106
114
96

102
106
96

98
103
93

do
do
_do__
do
__do

102
99
111
106
99

103
99
111
109
102

103
101
109
109
102

105
106
112
110
104

106
111
115
112
107

110
112
118
116
109

114
116
112
117
110

115
118
117
120
113

116
115
113
116
111

_do__ _
do
_do_
do
do

105
104
109
105
107

105
108
112
104
105

107
108
112
103
109

107
111
114
101
107

110
114
120
107
112

111
115
122
113
112

111
119
122
107
110

113
121
122
110
114

Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products

__do
do
__do
do
do

97
92
106
108
103

101
99
106
107
103

102
100
108
109
102

102
100
110
112
108

104
104
113
115
104

104
103
115
117
105

104
101
116
122
108

K,ubb A r and plastics products
Foods and beverages
Food manufactures
Bevera(res
Tobacco products

do
do
__do
do
__do_ _ _

112
103
103
103
116

108
103
103
104
108

113
105
105
104
112

112
104
105
102
107

104
107
107
110
119

105
108
108
109
110

do. _ _
do
_ _ - - __do. _
do
_ _ _ _ do_
do

98
95
99
98
93
101

97
89
98
98
102
101

96
87
96
97
101
101

95
82
97
97
101
103

98
84
99
100
99
109

do
do
--do _.

109
109
109

111
111
113

111
110
114

112
111
114

do
do
do

101
105
107

102
106
106

102
107
105

Automotive products
Autos
Auto parts and allied products

do
do
do. _

105
102
109

104
99
112

Home goods 9
Appliances TV and radios
Furniture and rugs

do
do
do

108
109
110

Apparel and staples
_ _ _. do
Apparel, incl knit goods and shoes
do _ _
Consumer staples 9
do
Processed foods
do
Beverages and tobacco
- __do_ _ _
Drugs, soap, and toiletries
do
Newspapers, magazines, and books^do
Consumer fuel and lighting
do

Durable manufactures 9
Primary metals
Iron and steel
Fabricated metal products
Structural metal parts

do
__do__ _
do
__do
do

Machinery
Nonelectrical machinery
Electrical machinery

do
_ _ _ _ - do _
do

__

Transportation equipment 9
Motor vehicles and parts _
\ircraft and other equipment
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products

Mining
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric
Gas
By market grouping:
Final products total
Consumer goods
Automotive and home goods

_

Equipment, including defense 9
do
Business equipment _
_
_ ___ do ._
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment
do
Farm equipment
do
Materials
Durable goods materials 9
Consumer durable
Equipment
Construction

_ _

Nondurable materials 9
Business supplies
Containers
_ _
General business supplies
Business fuel and power 9
Mineral fuels
Nonresidential utilities
r

Revised.

*> Preliminary.




--__

do
do. ._
do.__
do
do
- do
do
do__
do
do
do_ __
_ d o _ _ .!

100

»112
P 118
P 125
P109
P 104

' 102
108

'109
'104
r
115

P 111
P 106
P118

98
104
91

^79
'63
'91

'93
-94
'91

p 107
P125
p89

117
112
112
115
111

118
111
111
116
111

119
110
' 112
' 118
' 111

120
111
115
120
111

p 120
p 110

113
117
121
107
113

113
114
121
104
114

111
111
122
104
114

111
111
125
104
109

' 113
112
126

pl!3

106
106
117
123
108

107
107
117
123
107

108
106
119
125
106

107
105
r
117
106

108
104
117
' 122
' 105

' 109
107
118
125
' 101

117
106
106
102
102

128
105
105
103
117

120
108
107
114
114

19Q

108
107
113
111

115
106
105
108
114

113
107
107
105
111

116
108
108

99
89
100
101
102
109

98
83
100
101
94
109

94
71
99
98
73
111

91
72
98
97
48
111

90
74
98
97
39
109

'96
^87

98
93
99
97
79
113

P97
p91
p98
P97

112
112
114

114
114
115

116
117
115

116
118
113

115
117
110

117
119
110

117
119
110

' 119
' 120
116

p 120
P 120

103
107
107

106
111
110

108
111
113

108
111
115

109
112
118

109
112
113

109
112
111

109
112
114

109
113
' 114

* 112
f 117
p 128

101
93
112

106
102
112

108
108
108

110
110
109

113
11°
115

116
113
119

105
97
118

98
89
114

105
98
117

'99
87
117

f 130
p 134

108
104
113

108
106
114

107
103
114

112
110
117

116
115
121

117
115
121

120
119
123

120
121
120

120
124
118

121
124
120

104
107
104
102

106
109
105
103

107
110
106
105

107
113
106
104

111
118
109
107

111
118
109
108

110
119
108
107

111
120
108
106

112
117
110
107

112
117
111
107

111
118
109
104

108
105
96
107

105
106
103
111

106
108
102
110

104
108
103
111

113
111
104
110

109
110
104
111

102
111
105
112

108
111
106
113

114
112
108
113

112
115
110
114

92
89
86
94
96
88

92
90
88
95
95
94

93
91
88
96
95
108

95
93
90
97
95
112

97
96
92
100
97
119

100
100
97
102
99
128

102
102
100
105
97
132

103
104
101
107
101
132

102
103
102
108
96
109

98
95
91
95
99

99
96
93
96
100

101
99
95
98
101

104
104
102
100
106

108
108
107
102
111

110
112
113
106
114

110
112
117
109
113

106
103
111
106
113

102
102
104
101

103
102
105
101

104
105
109
102

104
104
108
102

108
107
111
106

108
107
110
106

109
107
108
106

100
98
107

100
97
108

100
95
109

99
95
111

101
97
112

103
99
114

103
97
117

fSee corresponding note on p. ;

9 Includes data not shown separately.

r

120

r

r77

'73
r 95
91

91
76

98
98
* 42

108

' 105
r

r

113

' 100

'99
68
'110

' 116
' 117

113
<•

106

109
' 100

p 123
p 112

79

48
110
r

p 110

p 103

120

126
135
123

112
119
110
107

112
120
110
107

110
114
108
114

107
115
' 109
114

112
110
115

p 113
P113

103
103
101
109
92
129

103
103
101
111
91
112

101
' 102
102
' 112
'87
106

f

103
103
104
113
90
105

p 104

98
89
102
102
107

99
91
104
101
105

97
88
95
103
102

100
••92

f

' 101

108
' 106
104
105
107

109
110
111
109

107
110
111
109

107
110
110
110

106
107
106
107

108
' 109
107
r
110

110
111
113
111

P 110

99
94
116

97
93
113

98
93
114

qg
' 95
112

101
'97
113

103
98

p 103
p97

121
•' 127

?

r

r 74

' 102

p 113
p 111
p 109

p
P
p
p

110
111
114
108

SUEVEY OF CURRENT BUSINESS

S-4

1959

1958

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

December

February 1960

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES§

57.4

57.4

58.0

59.2

60.6

61.5

62.0

61.7

59.6

60 1

59 7

' 59.1

61. 1

28.1
13.6
14.5
11.7
4.3
7.4
17.6
5.8
11.8

28.1
13.5
14.6
11.8
4.3
7.5
17.5
5.8
11.6

28.5
13.9
14.6
11.9
4.4
7.5
17.6
5.9
11.7

29.1
14.4
14.7
12.2
4.6
.7.6
17.9
6.0
11.9

30.3
15.2
15.1
12.4
4.7
7.7
18.0
6.1
11.8

30.7
15.5
15.2
12.5
4.9
7.7
18.2
6.1
12.1

31.2
15.8
15.5
12.6
4.9
7.7
18.2
6.2
12.0

30.9
15.4
15.5
12.5
4.8
7.7
18.3
6.2
12.1

29.3
14.0
15. 3
12.2
4.6
7.6
18. 1
6.1
12.0

29 8
14 1
15 7
12 5
4 6
7 9
17 8
58
12 0

29 4
14.0
15 3
12.0
4 4
7 5
18 3
6.4
12 0

r

29.0
13.5
15.5
12.3
4 6
7. 7
17 8
5 7
12 2

30.8
15.0
15.8
12.8
4.8
8.0
17.5
5.3
12.2

85.1

85.6

86.0

86.6

87.6

88.3

89.3

89 9

89 5

89 2

88 8

r

88 4

89 2

do
do.. _
do

49.2
27.8
21.4

49.5
28.1
21.4

49.9
28.4
21.5

50.5
28.9
21.5

51.1
29.4
21.7

51.6
29.7
21.9

52.1
30.2
21.9

52.2
30.3
21.9

52 1
30.1
22.0

51 9
29 8
22 1

51 5
'29.2
22 3

r

51 6
29 3
22 3

52.3
30.0
22 3

Wholesale trade total
do
Durable goods establishments
_ _ _ _ _ _.do
Nondurable goods establishments
do
Retail trade, total.
.
_._ d o _ _ _
Durable goods stores
do
Nondurable goods stores
__do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales, value (unadjusted), total
mil. of doL_

12.0
6.3
5.7
24.0
10.8
13.2

11.9
6.3
5.6
24.2
11.0
13.2

11.9
6.3
5.6
24.1
11.0
13.2

12.0
6.3
5.6
24.2
11.1
13.0

12.1
6.4
5.7
24.5
11.3
13.2

12.2
6.5
5.7
24.5
11.5
13.1

12.4
6.6
5.8
24.8
11.7
13.1

12.5
6.7
5.9
25.1
11.9
13.2

12 6
6.6
5.9
24.8
11.6
13.2

12
6
6
24
11
13

12
6
6
24
11
13

6
5
1
2
0
2

12. 7
6.6
6. 1
24.2
11.0
13.2

27, 954

27, 329

27, 502

30, 589

30, 885

30, 673

31, 993

29, 246

13, 717
2,117
1,365
1,415
4, 085
1,843

13, 066
2,195
1,434
1,417
3,797
1,580

13, 501
2,320
1,549
1,390
4,125
1,668

15, 305
2,792
1,925
1,622
4,595
1,791

15,810
2,947
2,033
1,735
4,610
1,745

15, 727
3, Oil
2,093
1,718
4,515
1,731

16, 653
3,259
2,313
1 827
4,808
1,868

14, 220
1,785
999
1, 760
4,350
1,710

Mfg and trade sales (seas adj.), total

bil. of dol

Manufacturing, total
. _ _ do
Durable goods industries
do. _.
Nondurable goods industries
- do_ _
Wholesale trade, total.
do
Durable goods establishments
_ _ do.
Nondurable goods establishments
do
Retail trade, total
do
Durable goods stores
_ _ _ _ __do ...
Nondurable goods stores
do~
Manufacturing and trade inventories, book value, end
of month (seas a d j ) , total
bil cf dol
Manufacturing, total
Durable goods industries.
Nondurable goods industries

Durable goods industries total 9
Priinarv metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical _ _

do
_ do
do
do
do
_do_._

r

r

5
5
0
8
5
3

12 5
6 5
61
24.7
11 6
13.1

28, 590

30, 032

30 849

T

28, 530

30, 776

13 049
1, 165
417
1 810
4, 403
1,823

13 687
1,218
436
1 8°8
4 726
2,030

14 528
1 269
467
1 800
4 822
2 079

r

13 305
1,907
' 1, 147
T i 527
r
4 521
T
1, 973

15 324
2, 712
1,921
1 608
4 854
2,110

r
3,491
3,215
3,637
3,674
3, 565
3,275
3,646
3,478
Transportation equipment
do
3 584
2,648
3 570 r 2 701
2 768
2,304
2, 019
2,228
2,367
2, 415
2,106
2,197
1, 361
2,268
Motor vehicles and parts
_ do
2, 105
i 404
1 373
2 207
969
989
853
995
829
983
1,050
831
841
1, 065
1,034
Lumber and furniture _ ._do
1,073
'897
582
724
789
771
829
561
583
781
812
629
Stone, clav, and glass
do
652
782
775
15,284
14, 001
14, 946
15, 075
14, 263
14. 237
15, 026
15, 340
15, 541
Nondurable goods industries, total Q
do
15, 452
16 321 r 15, 225
16, 345
4,155
4,378
4,483
4,598
4,251
4,353
4,679
4,610
4,579
4, 576
Food and beverage
do. __
4,950 r 4, 585
4,855
r 441
364
399
404
407
422
416
451
377
440
413
Tobacco _ _ __
_
do
409
416
1,243
1, 156
1,199
1,217
1, 083
1,119
1, 260
1,071
1,229
1,296
Textile
do
1 346 r 1 256
1 310
1,044
938
1,018
898
1,052
1,026
942
986
1,041
Paper
do
976
'974
1,086
1,060
r
2,132
2,247
1, 853
2,185
1, 947
1,833
2,044
2,180
2, 143
2,169
Chemical
_ _ do_
2 379
2 339 r 2 120
2, 946
2,934
2,988
3,107
3, 195
3,237
3,033
3,093
3,400
3,056
Petroletim and coal
do_. _
3,037
3, 103
3, 235
456
554
526
502
524
503
514
546
480
493
Rubber
do
569
528
' 439
28, 481
29, 130
30, 742
30, 266
28, 143
28, 135
31, 248
30, 858
30, 814
29, 268
Sales, value (seas, adj.), total
do
29 384 r 28, 972
29, 818
r
15, 166
14, 400
13, 870
15, 515
13, 541
13, 613
15, 384
15, 771
14 992
Durable goods industries, total 9
do
13 479
14 008
14 047
14 113
2,421
2,792
2,858
2,580
2, 230
2,256
2,104
2,916
Primary metal __
_
..do ..
2,815
1,227
1 186
1,212
1,956
1,782
1,918
1, 648
1,484
1,994
1,956
439
1.182
1, 478
Iron and steel
do
2 012
43?
1 182
438
1, 526
1,605
1,711
1, 684
1,586
1,758
1,537
1,787
Fabricated metal- _ _ _ _
do
1,623
1,751
1,631
1,759
1,703
4,423
4, 226
4,131
4, 507
3,975
4,778
4,017
4,565
Machinery (including electrical)
- do.
4 699
4, 651
4 717
4 663
4 666
1,724
1,704
1,804
1,796
1,899
1,815
1,708
1,710
Electrical
do
1 978
1 883
1 911
1 942
1 956
3,212
3, 168
3,184
3,463
3, 385
3, 167
3, 558
3,667
Transportation equipment
_ do__
2 970
3 641
3 778
3 577
2 514
2,142
1, 960
2,046
2,178
2,060
2,003
2,279
2 415
2,310
1 588
Motor vehicles and parts
do
2 237
2 143
1 167
894
1,041
918
'884
995
879
1,035
1, 077
r e22
Lumber and furniture
_ _ do_
906
' 952
' 977
991
756
677
766
731
668
655
805
768
707
Stone, clay and glass
do
704
751
662
718
r 15 493
14,611
15, 474
15,477
15, 227
15, 100
14, 730
14, 602
14, 522
15 822
Nondurable goods industries total 9
do
15 337
15 705
15 260
r
4, 479
4,522
4,614
4, 617
4,507
4,465
4,540
4, 481
Food arid beverage
_
. _ . do
4,687
4 609
4, 618
4,511
4, 643
r
428
388
416
428
382
414
411
i
414
Tobacco
do
443
431
399
395
408
r
1,281
1, 253
1,200
1,102
1,256
1,310
1, 140
! 1.079
1 267
1 250
1 209
1 197
1 222
Textile
do
1, 034
977
1, 026
942
1,042
9*3
955
1,060
1, 049
Paper
._ __ _ ... .-do ..
1,006
1,029
r 994
1,011
r
2,089
1.979
1, 930
1,932
2,125
2, 090
2,171
Chemical
_ _ _ _
_ do. _ ! 2, 004
2, 157
2,371
2 219
2.273
2 236
2,994
3, 080
3, 046
3,037
3, 095
3,043
2,970
3, 093
Petroleum and coal
do
3 148
3 037 r 3 183
3 301
3 071
524
506
490
543
508
520
518
T 482
519
508
Rubber
do
1Q2
555
544
Inventories, end of month:
51, 545
51, 053
50, 626
50, 190
49, 776
49, 468
51, 790
51, 990
Book value (unadjusted), total.
_.do._.
51 434 ' 51 782 52 764
51 551
51. 524
30 17Q
99 (joi
29 510
29, 905
29 116
28, 566
28 178
30 217
1 27 873
30 079
29 679
29 294 /• 29 431
4, 286
4, 175
4', 183
4,013
4, 293
i
4, 297
4, 271
Primary metal
do
4,007
4 304
3 981 r 4 H6
3 979
3 971
r
2, 251
2, 565
2 627
2, 420
2, 460
2, 653
2,678
2, 254
2, 260
Iron and steel
.. _
do. _
2 577
2 411
2, 288
2, 264
2 354 r 2 860
3 008
3, 376
3 487
3 GOO
3, 270
3, 151
2 903
2 810
Fabricated metal
d<^
3 012
3 295
3 0"5
9, 627
9, 125
9, 434
9,279
8, 967
i
9,779
9, 801
Machinery (including electrical)
do. . . 8, 852
9, 818
9.700 r 9, 703
9 722
9, 650
3 §94 r 3 626
3, 376
3. 643
3, 537
3, 452
3 724
3 307
'
3, 295
3 682
Electrical
do
3 652
3 612
3 614
r
7. 034
7, 078
6, 738
0, 908
6, 695
7,114
7,220
Transportation equipment
do... \ 6, 639
7,341
7,062 r 7 114
7, 290
7 013
2.704
2,872
2,829
2 766
2 625
2, 983
i
2, 635
2,910
Motor vehicles and parts
do
2 907
2 997
3 199
3 107
2 847
1,766
1, 723
1,848
1, 796
1,787
1, 750
1,713
1, 728
Lumber and furniture ._
do _
1,819
1, 849
' \ 834
1 856
1, 845
1,284
1, 249
1,292
1,295
1, 265
1,219
1, 188
1,275
Stone, clay, and glass
do
1 257 r 1 9%
1 229
1 345
i 226
By stages of fabrication:
8.8
8.3
8.1
7.9
7.7
7.6
7. 7
Purchased materials
bil. of dol
9.0
8 2
8 3
8 5
8 5
8 9
11.8
11.6
11.5
11.7
11.8
11.5
11.7
11.9
11.3
Goods in process
__
do.. _
12 1
11.8
11 9
11. 6
9.4
9.8
9.6
9.1
9.4
9.7
9.7
9.0
9 1
Finished goods
_
do
9 6
9 2
9 3
9 2
21, 640
21, 624
21, 773
21, 543
21, 510
21, 598
21,711
Nondurable goods industries, total 9 ..mil. of dol.. 21, 595
22, 585
22, 210 r 22, 351
21,950
21, 845
%)
4 944
r 5 QQ8
4 628
4 604
4 662
4 606
4 676
4, 777
4 831
4 891
4 «24
4 997
Food and beverage
do
5 0 1
1, 854
1,905
1,951
1, 994
'
1,978
1, 764
1, 997
1 9°6
1, 737
Tobacco
do
2 031
1 923
1 862
l'773
r 2 451
2 431
2 445
9 481
2 50°
Textile
do
2 576
2 557
2 523
2 491)
2 422
2 563
2 462
2 474
:
1,499
1,492
1,491
1.474
1,497
1, 451
1, 443
Paper
do
1 500
1,457
l' 444 r 1 466
1 442
i 458
r
3 853
3 777
3 745
3 793
3 787
4 09'?
3 730
3 805
4 000
3 809
i
3 791
Chemical
do
3 944
3 8?8
3 443 r 3 398
3,312
3,232
3. 175
3 399
3, 349
3, 187
3,199
i
3, 264
3 347
Petroleum and coal
do
3 339
3 398
1,013
1, 015
1. 053
1,032
1,071
1,023
1, 004
Rubber.
_ _ _ . . _ _ __do._ i
1,040
' 1, 114 1 141
1.075
1 057
1, 087
By stages of fabrication:
8.8
8.9
8.7
8.8
8.7
8.7
8.8
Purchased materials
bil. of dol_.
9.2
8.7
8.8
8.6
8.7
'9.0
3.1
31
3.1
3.0
3.0 1
Goods in process
do
2,9
31
30
31
31
3.0 1
31
30
9.9
9.8
9.8
9.8
9.8
9.9
10.0
9.7
Finished goods
_.do
10.4
10.4
10.3
10.2 I
10.1
' Revised.
§ The term "business" here includes only manufacturing and trade. Business inventories as shown on p. S-l cover data for all types of producers, both farm and nonfarm.
Unadjusted data for manufacturing are shown below; those for retail and wholesale trade on pp. S-9, S-10, and S-ll.
9 Includes data not shown separately.




February

SURVEY OF CURRENT BUSINESS

11)60

19 59

1958

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 11*59 edition of
BUSINESS STATISTICS

S-5

December

January

February

March

April

May

June

I960
October Xovember

July

December

January

GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of month — Continued
Book value (seas, adj.), total
_ _ _ mil. ofdoL

49, 179

49, 489

49, 921

50, 454

51, 052

51, 599

52, 138

52, 241

52, 116

51, 892

51,515

r

51, 625

52, 316

do
_ do
do
do
do
- - do

27,815
4, 111
2, 503
2,897
8,904
3,342

28, 106
4, 180
2, 551
2,962
9,008
3, 360

28, 408
4, 267
2,627
3,008
9,086
3, 406

28, 925
4,341
2,644
3. 1 20
9.215
3, 458

29, 361
4, 368
2, 645
3, 175
9,346
3, 508

29, 734
4,312
2, 574
3 278
9,482
3, 557

30 227
4,201
2,447
3 365
9, 725
3,648

30, 349
4, 108
2,354
3 411
9,802
3,667

30 145
3,980
2 254
3 328
9 826
3,680

29, 817
3,923
2, 198
3, 117
9,741
3, 630

29, 249
3,870
2 158
2 912
9 807
3,655

T

29, 347
3, 986
2, 253
2 918
9,731
3, 639

30, 000
4, 114
2, 386
3 105
9,848
3,656

do
do_
do
do

6, 543
2, 548
1,740
1,200

6, 587
2,490
1,724
1,207

6, 673
2, 574
1,712
1,207

6, 854
2,680
1,719
1,216

7,031
2,826
1,731
1,235

7,167
2, 955
1, 759
1, 254

7,386
3,149
1,764
1,276

7,397
3,175
1,823
1,270

7,333
3 153
1 841
1,261

7, 305
3, 165
1,860
1,277

6,887
2,745
1 855
1, 320

6,928
2,811
1,861
1,336

7, 135
3, 040
1,854
1,359

11.3
9.0

7.7
11.4
9.0

7.8
11.4
9.2

8.1
11.5
9.3

8.3
11.7
9.3

8.5
11.8
9.4

8.9
11.9
9.5

8.9
11.9
9.5

8.7
11.9
9.5

8.3
12.0
9.5

8.0
11.8
9.4

8.1
11.8
9.4

8.3
12.0
9.7

21,364

21,383

21,513

21,529

21,691

21,865

21,911

21, 892

21,971

22, 075

22, 266

* 22, 278

22, 316

4, 670
1,920
2,444
1,443
3, 739
3,264
994

4,700
1,881
2,449
1,458
3,727
3,281
998

4, 752
1.893
2, 457
1,452
3,727
3,307
1 , 022

4,797
1,876
2, 463
1,455
3, 702
3, 320
1,030

4, 870
1,868
2,482
1,463
3, 696
3, 367
1,015

4, 967
1,873
2,487
1, 482
3,730
3, 380
995

4,928
1,819
2, 532
1.492
3, 768
3, 366
1,013

4,847
1,838
2,534
1,457
3,847
3,314
1. 075

4,833
1,866
2, 495
1.473
3, 907
3, 332
1,113

4,832
1,930
2,516
1, 471
3,970
3,267
1,114

4,810
1,955
2, 536
1,481
4,037
3,295
1,115

r 4? 814

4, 775
1,972
2,490
1.500
4, 049
3, 306
1,124

8.6
3 0
9.8

8.6
30
9.8

8.6
30
9.9

8.6
30
9.9

8.7
30
10.0

8 8
30
10.0

9 0
30
9.9

9.0
31
9.8

9.0
31
9.9

8.9
31
10.1

9.0
31
10.2

28, 033

28,215

28,916

31,868

30, 994

30, 281

32, 302

29, 449

28. 558

30, 527

31,258

r

Durable goods industries, total 9
--- do_~
Primary metal
do
Iron and steel
do
Fabricated metal
do
Machinery (including electrical)
do
Flectrical
do
Transportation equipment (including motor vehicles)
mil of dol

13,796
2,294
1, 534
1,429
4, 052
1,885

13,897
2, 835
2,011
1,462
3,868
1,518

14,759
3, 450
2, 575
1,601
4,229
1,628

16,452
3, 033
2,064
1, 688
5, 193
2, 133

15,858
2, 671
1,738
1,665
4, 679
1,791

15, 131
2, 551
1,650
1,668
4, 590
1,716

16, 936
2, 583
1,731
1,775
5, 409
2, 370

14, 424
1, 749
977
1,793
4,658
1, 897

13, 120
1 633
902
1. 796
4, 393
1 794

14,285
1,807
990
1,876
4,941
2,124

14, 980
1,818
997
1,863
4,794
2,002

3, 501

3, 057

2 884

3 614

3 792

3 333

4 039

3, 161

2 342

2 712

3 626

Nondurable goods industries total
Industries with unfilled orders ®
Industries without unfilled orders ^

do
do
_ do

14,237
3,026
11,211

14, 318
3,112
11,206

14, 157
3,313
10, 844

15,416
3, 557
11,859

15,136
3, 442
11,694

15, 150
3,524
11,626

3 5, 366
3, 465
11,901

15, 025
3,203
11, 822

15,438
3 399
12,039

16, 242
3, 498
12, 744

16, 278
3,622
12, 656

do

Durable Roods industries total 9
Primary metal
Iron and steel
Fabricated metal
Machinery (including electrical)
Electrical
Transportation equipment .
Motor vehicles and parts
Lumber and furniture
Stone, clay and erlass
By stages of fabrication:
Purchased materials
- _
Goods in process
Finished goods
_ -

_
-

bil. of dol
do
do_ _

Nondurable eoods industries, total 9- mil. of dol. .
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased material^
Good6! in proce^
Finished eoods

_

_ _ _ _ _
_ _ _
_ _

do
do
do
do
do
do
do

_

bil of dol
do
_ _ _ _ _ _ _ do

New orders, net (unadjusted), total...

mil. of dol__

1,942
2, 542
1, 496
4,041
3, 283
1, 120

8.9
10.3

8.8
3. 1
10.4

28, 559

30, 701

r 13, 299
2, 149
1. 361
1, 596
4 282
1,740

15, 111
2,737
1,837
1,607
4, 856
2,018

r'3. 1

r

2 611

3 569

'• 15,260
r
3, 446
r
11,814

15,590
3, 577
12,013

30, 890

28, 365

28, 502

29 702

30, 229

31,206

30, 541

31,404

30, 827

29, 016

30, 552

30, 449

r 29, 222

Durable goods industries, total 9
do
Primary metal
_ _ _ do
Iron and steel
. _ do . _ Fabricated metal
_
do_ _
Machinery (including electrical) _
do_ _ .
Flectrical
do Transportation equipment (including motor vehicles)
mil of dol

13,673
2,210
1,489
1, 458
4,047
1,890

13,900
2,727
1,934
1,523
3,937
1,564

14,918
3, 230
2,429
1, 685
4,198
1,682

15,323
2,681
1,795
1,608
4,839
2, 094

15,796
2, 826
1,829
1, 632
4, 632
1,822

15,241
2,479
1, 586
1,619
4,626
1,744

16, 133
2, 578
1,714
1,811
4,922
2,021

15, 493
2,018
1,149
1,793
4,893
1,928

13, 974
1,689
920
1,710
4,623
1,927

14, 747
1,957
1, 112
1,705
5,067
2,173

15, 099
1,870
1,039
1,791
4,982
2,075

' 13, 721
»• 2, 141

2, 958

3,038

3,038

3, 437

3, 655

3, 498

3,841

3,631

3 185

3, 155

3,661

»• 2, 303

2 886

Nondurable goods industries total
Industries with unfilled orders ©
Industries without unfilled orders t

14, 692
3,289
11,403

14, 602
3,143
11,459

14,784
3,381
11,403

14, 906
3, 453
11,453

15,410
3,662
11,748

15,300
3, 524
11,776

15,271
3,269
12,002

15, 334
3,384
11,950

15, 042
3,237
11,805

15, 805
3,533
12, 272

15,350
3,385
11,965

r 15, 501

16, 004
3. 765
12,239

New orders, net (seas adjusted), total _

_

Unfilled orders, end of month (un adj.), total

do
do __
do
do. _

Durable goods industries, total 9
do
Primary metal
_ _ do. _
Iron and steel
do
Fabricated metal
_ _
_ _ do_ _ .
Machinery (including electrical) _ _ _ _ _ d o
Electrical
do
Transportation equipment (including motor vehicles)
mil of dol
Nondurable goods industries, total 0

_ do_ _ _

14, 886
2,720
1,844
••1,818
1, 669
' 4, 673 4, 846
1,982
«• 1, 927
r 1, 338

'3! 377
r 12, 124

46, 797

47, 683

49, 097

50, 376

50, 485

50, 093

50, 402

50, 605

50, 573

51,068

51,477

' 51, 506 51, 431

44, 008
4, 351
3,140
3,060
16,012
9,381

44, 839
4,991
3,717
3,105
16, 083
9,319

46, 097
6,121
4,743
3,316
16, 187
9,279

47, 244
6,362
4,882
3,382
16,785
9,621

47, 292
6,086
4, 587
3,312
16, 854
9,667

46, 696
5, 626
4, 144
3,262
16, 929
9,652

46, 979
4, 950
3,562
3,210
17,530
10, 154

47, 183
4,914
3,540
3,243
17, 838
10, 341

47, 254
5,382
4 025
3,229
17, 828
10, 312

47, 852
5,971
4,579
3, 207
18, 043
10, 406

48, 304
6,520
5,109
3,270
18,015
10, 329

r 48, 298
48, 085
' 6, 762 6, 787
r
5,239
5, 323
r
3,338
3. 339
r 17, 776
17, 778
r
10,004
10, 096

16, 504

16, 286

15, 955

16, 078

16, 233

16, 001

16, 366

16, 049

15 743

15, 687

15, 743

r

15, 653

15, 638

2,789

2,844

3,000

3,132

3,193

3,397

3,423

3,422

3,319

3,216

3,173

r 3, 208

3,346

BUSINESS POPULATION
Firms In operation, end of quarter (seasonally adjusted)
thousands

4, 603

New business incorporations (49 States) eft- -number..

16, 512

18, 839

15, 791

18, 176

17,615

16, 721

16, 208

16, 650

14, 406

14, 664

14, 526

13,015

16, 467

INDUSTRIAL AND COMMERCIAL FAILURES^
Failures, total ..
_
number-

1,082

1,273

1,161

1,263

1,292

1, 135

1,244

1,071

1,135

1,144

1,125

1,130

1,080

88
176
185
515
118

96
188
215
642
132

104
164
207
582
104

117
185
210
625
126

121
166
202
671
132

104
172
199
567
93

111
167
203
633
130

100
137
203
518
113

122
181
187
542
103

93
191
192
563
105

102
164
221
532
106

105
186
195
520
124

89
163
231
478
119

57, 069

73, 564

58, 592

65, 051

71,907

50, 917

49, 197

51, 197

54, 501

54, 736

50, 375

53,214

59, 556

3, 590
10, Of 8
18,411
14, 397
10, 613

6, 559
8,274
17, 062
33, 197
8,472

4, 547
6,911
17 444
22, 327
7,363

5,304
11,589
22, 558
20, 348
5, 252

9,994
8,623
16, 501
22, 839
13, 950

3,336
12, 262
10 835
19, 638
4,846

5,069
8,519
12 143
18,234
5,232

3, 147
11,328
14, 592
17, 052
5,078

3,160
12, 061
18 559
15, 362
5,359

3 077
12 595
15 974
16 098
6,992

3 891
7,131
20 980
13 050
5,323

3,027
12, 136
17, 266
15, 244
5,541

3,072
10, 453
23 822
13, 443
8,766

51.3

51.1

50.9

50.4

52. 0

48.3

53.8

49.2

53.3

58.4

50.5

55.4

49.6

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

thous. ofdoL

_. .

do
_
do
do
_ _ _ do
do..

Failure annual rate (seas. adU.No. Der 10.000 concerns.
r

4,621

4 684

4 666

4 645

Revised.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printing and publishing industries; unfilled orders for other nondurable goods industries are
zero.
^For these industries (food, beverages, tobacco, apparel, petroleum, chemicals, and rubber), sales are considered equal to new orders.
d"Data are from Dun & Bradstreet, Inc.
^Revisions for January-September 1958 to include data for Hawaii appear in the January 1960 SURVEY; comparable data for 1955-57 are available upon request.


589426—60
http://fraser.stlouisfed.org/ 5
Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS

S-6
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

February 1960

1959

December

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products!
1910-14=100--

244

245

243

244

244

245

242

240

239

239

235

230

228

231

do
_ __do
do
do
_ _ do

213
220
256
151
199

215
267
238
152
199

218
268
238
154
203

220
264
254
155
205

223
261
264
161
205

230
254
269
163
205

229
213
266
163
199

226
215
287
161
200

221
214
281
159
201

220
214
280
156
198

219
241
274
149
203

216
228
260
150
206

217
258
254
149
206

219

do
_ do
do
do

217
214
126
504

211
218
129
499

225
221
123
505

218
223
117
505

210
225
135
508

223
230
217
508

223
228
297
509

206
222
232
503

211
214
164
504

230
204
146
510

214
208
147
505

199
216
165
.504

198
215
174
491

9|)9

270
270
328
155
199

270
264
328
161
200

265
258
322
159
197

264
249
327
154
197

261
240
336
135
220

258
232
338
126
240

252
229
329
124
241

252
239
314
139
248

254
251
314
139
249

256
265
307
143
244

248
273
291
138
235

243
279
275
139
230

238
274
264
148
234

940
266
278
144
939

274
287
265

276
'287
268

275
288
267

276
287
267

276
287
269

276
288
268

276
288
267

275
289
266

275
288
266

274
288
265

275
290
264

275
291
264

275
291
264

27 1
290
9
65

295

298

297

298

299

299

298

298

297

297

296

297

297

299

83

82

82

82

82

82

81

81

80

80

79

123 7

123.8

123 7

123 7

123 9

124 0

124 5

124.9

124.8

125.2

125 5

125.6

126. 5
121.5
116.3
117.8
112.9
143 5

126. 4
121.5
116. 2
117.8
112.4
143.9

126.7
121.4
116.0
117. 6
112.2
144.2

126. 9
121.4
115.9
117.4
112.5
144.4

127.1
121.5
115.9
117.4
112.6
144.8

127.3
121.6
115.9
117 4
112.7
145 2

127. 5
122.2
116. 6
118.2
112.8
145.4

127.9
122.7
117.0
118.7
113.1
145. 8

128.2
122 A
116.6
118.3
112.8
146.3

1 28. 7
122 9
117.0
118.8
112.8
146.9

129.2
123.2
117.3
118.8
113.6
147. 3

129.5
123. 1
117.2
118.6
114.1
147 6

129
123.
117
118
113
147

5
1
1
5
8
8

107.5
118 7
114 3
120. 1
113.0

106.7
119.0
114 1
121.7
113.8

106.7
118.2
114 0
121.2
112. 6

107.0
117 7
113 8
120.7
111.3

107.0
117.6
112 9
123.6
111.5

107.3
117.7
112 6
125. 6
111.6

107.3
118.9
112 3
134.5
111.6

107. 5
119.4
113.3
130.8
112.0

108.0
118.3
114. 1
125.6
109.9

109.0
118.7
115 5
124.1
110. 4

109.4
118.4
116 1
124. 5
109.0

109.4
117 9
116 0
123.4
107.9

109
117
116
125
106

2
8
7
5
6

.

128.2
118.2
103.6
138.7
147.6
129.0

128.2
118.2
103.2
138.8
148.0
129.4

128.5
118.5
103.8
139.0
149.0
129.8

128.7
118. 5
103.8
139.1
149.2
129.7

128.7
118.2
103. 8
139.3
149.6
130.0

128.8
118.7
103.7
139.3
150. 2
130 7

128.9
119.3
104. 1
139.5
150. 6
131. 1

129.0
119.5
104.0
139.6
151. 0
131.3

129.3
120.1
103.6
139. 8
151.4
131.7

129.7
121.6
104. 0
140.0
152.2
132. 1

130. 1
121.7
104, 1
140.4
152. 5
132.5

130.4
121.7
104.4
140. 5
153.0
132 7

130
12'?
104
140
153
132

4
7
2
8
9
9

.

116.9
144.3
133.3
191.8
127.3

117.0
144. 1
133.1
191.8
127.3

117.1
144.3
133.3
191.8
127.4

117.3
144 9
134.0
192.0
127.3

117.7
145.3
134.4
192.6
128.2

117.8
145. 4
134. 5
192.7
128.4

118. 1
145. 9
134.9
192. 7
129.2

119.1
146. 3
135. 2
194.2
130.8

119.1
146.7
135. 5
194.9
131.1

119.6
146. 4
135.3
194.9
131.5

119.7
148. 5
137.4
195.9
131.6

120.0
149. 0
137.9
196.0
131.6

120
148
137
197
131

4
7
5
*>
7

119.2

119.5

119.5

119 6

120.0

119.9

119.7

119.5

119.1

119. 7

119. 1

118.9

118 9

119 3

97. 0
126.3
120.5

98. 1
126.3
120.8

98.0
126. 5
120.7

98.9
126. 7
120.6

99.6
127.2
120.8

98.5
127.4
120. 6

98.1
127.1
120. 5

96.4
127.2
120.5

95. 6
127.0
120.2

95.9
126. 9
121.4

94.4
127. 1
120. 5

93.6
127. 3
120.0

93.4
127. 3
120.1

94.5
127. 6
120.4

105.4
144.5

105.7
144.7

105.5
145. 1

105. 6
145 4

106.2
145.4

105. 8
145 8

105. 2
146 1

105. 0
146. 1

104.4
146 2

105. 0
146 4

104.2
146 4

103 7
146 7

103 8
146 6

104 3
146 8

90.6
99.2
76. 1
87.6

91.5
102. 5
76. 1
90.3

91.1
105.9
77.0
88.4

90.8
93.6
77 7
91.1

92.4
114.2
79.7
91.9

90.8
107.0
78 6
90.6

89.8
100.9
78.2
89.5

88.4
98.5
78.2
84.8

87.1
92.8
77 7
83.1

88.9
103. 1
76 2
82.1

86. 5
102 2
75 7
78.5

85.4
103 2
76 5
75.3

r g5
107
76
76

86
105
77
78

Foods, processed 9 . .
_ __
do
Cereal and bakery products
do
Dairv products and ice cream .
_ __ do - _
Fruits and vegetables, canned and frozen __,do
Meats, poultry, and fish __
do __

108.8
117.4
113. 5
113.0
101.4

108.7
117.5
113.0
110.8
103.3

107.6
117.7
113.0
110.6
100.9

107.2
119.0
113.0
111.2
99.6

107.2
118.9
112.0
110.6
100.8

107.7
119. 5
111.7
110.4
101.4

108. 1
119.2
111.9
111.1
101.9

107.5
119. 5
113.9
110.6
99.3

105. 8
119.5
114.7
107.9
94.8

107.8
119 5
116.2
106. 9
99.7

106.4
120 4
116.7
107.4
95. 1

104 9
120 4
117.7
106.4
90.8

104 7
120 4
118 1
104. 6
90 5

105 5
120 4
118 5
104. 5
92 6

Commodities other than farm prod, and foods__do

127.2

127.5

127.8

128.1

128.3

128.4

128. 2

128.4

128.4

128.4

128.4

128. 5

128. 6

128.8

110.0
123.7
93.2
61.5
105. 3
128.2

110.2
124.0
93.0
59.9
107. 6
128.2

109.9
123. 7
93.0
58.9
107 5
128.4

109.8
123. 6
92 8
60.3
107 5
128 4

110.0
123.9
92.9
60.4
107 5
128.3

110.0
123.8
93 1
60.4
107 5
128 3

110.0
123.8
93 4
58. 4
107 6
128 3

109.9
123.9
93.7
55.3
107.4
128.3

109.7
123.7
93 6
53.8
104 8
128 3

109.9
123.8
93 7
55.0
105 2
128 3

110.0
123 9
93 8
54.5
106 3
128 3

110.0
123 9
93 8
52. 2
106 6
128 3

110.0
124 0
93 7
.50.8
107 0
10
83

109.9
124 1
93 8
49.2
108 3
128 3

112.9
123.7
100 7
107.8
117 2

113.9
125. 3
100 7
112.7
118 2

114.8
126.2
100 8
112 0
119 5

115.0
124 6
100 9
113 1
119 9

114.0
119 3
100 8
108 6
119 4

113.4
118 9
100 9
109 9
118 3

111.2
119 8
100 8
106 8
115 0

111.1
121. 1
100 8
105 8
114 8

112.2
122 0
100 6
109 2
116 2

111.9
123 0
100 8
112 8
115 1

111.4
123 6
100 7
111 1
114 5

111.2
124 o
100 7
113 8
113 9

111.7
124 i
101 2
r H5 5

111.9
124 1
101 3
116 8
114 4

Crops
_ _ _ _ _ _ _ _
Commercial vegetables
Cotton
Feed grains and hay
Food grains
_
Fruit
Oil-bearing crops
_ _
Potatoes (incl. dry edible beans)
Tobacco
-

Livestock and products
do
Dairv products
_
_ _ _ _ _ do
Meat animals
do
Poultry and eggs
do
AVool
do
Prices paid:
A l l commodities and services
__
__ _ do __
Family living items
do
Production items
-do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14= 100-_
P a r i t v ratio ^

_ do

CONSUMER PRICES
(U.S. Department of Labor indexes)
\11 items
1947-49=100
Special group indexes:*
\11 items less food
do
All items less shelter
._
_ _ do_
\!1 commodities
do
Nondurables
do
Durables
_
__do
Services
do
Apparel
Food 9
Dairy products
Fruits and vegetables
Meats, poultry, and fish .._

_ _ _

Housing 9
_ _ _ _ _ _
Gas and electricity
Housefurnishings
_
Rent _
Medical care
_
Personal care
_ _ _
Reading and recreation
Transportation
Private .__ _
Public
Other goods and services-

_

do
do
do
do
_ do
do
do
do
do ___
do
do

do_ do
_ _ _ do
do
_
do

WHOLESALE PRICESo*
(U.S. Department of Labor indexes)
All commodities
_
1947-49=100
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc
do
Finished goods©
do
By durability of product:*
Nondurable goods
_ _ _ _
do
Durable goods
do
Farm products 9 -- - _Fruits and vegetables, fresh and dried
Grains
Livestock and live poultry
_ _ _ _

Chemicals and allied products 9
Chemicals, industrial.
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
Prepared paint
_ _

- do
do
do
_do -

do
_ do
do
do
do
do

Fuel, power, and lighting materials 9
do
Coal . _
do
Electric power
January 1958=100
Gas fuels
do
Petroleum and products
1947-49=100

122. 8
Furniture, other household durables 9
do
123.3
123.3
123.5
Appliances, household
_
_ do
105.0
103.8
104.8
105. 0
Furniture, household
do
124. 1
123.9
124 1
124 1
Radio receivers and phonographs- _ _ do
89. 1
89.6
89. 1
89.7
Television receivers
do
70.2
69.6
70.2
69.3
r
Revised.
1 Index based on 1935-39=100 is 209.8.
{Revisions for 1952-58 are on p. 24 of
taxes, and wage rates).
*New series; data prior to August 1958 are available upon request,
modities, see respective commodities.
©Goods to users, including raw foods and fuels.




264
°4S
151
206
216
188
48fi

77

1

r

125 5

9
9
1
0

1143

1193

5
4
o
5

123.4
123.8
123.6
123.5
123.4
123. 5
123.3
123.3
123.2
123.3
104.4
105. 1
104 9
105 0
104 4
104 3
103 9
104 1 r 103 g
103 1
124 1
123 4
123 7
124 2
124 2
124 0
194 2
124 4
124 '3
I'M °
r £7 §
89 9
89 7
89.7
89 8
90 3
87 7
87 7
87 7
87 8
AQ 9
69.6
f,Q 9
fiQ 9
6Q 5
70 1
70. 1
70.9
69.6
69.6
the November 1959 SURVEY.
§Ratio of prices received to prices paid (including interest,
9 Includes data not shown separately.
cfFor actual wholesale prices of individual com-

SURVEY OF CURRENT BUSINESS

February I960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-7

1959

1958

December

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

COMMODITY PRICES—Continued
WHOLESALE PRICES^1— Continued
U. S. Department of Labor indexes— Con.
Commodities other than farm, etc.— Con.
Hides, skins, and leather products 9 - 1947-49 =100__
Footwear
_ . do
Hides and skins
do
Leather _
_ do _ _
Lumber and wood products
do
Lumber
_ do __

103.6
123.1
66.6
99.2
119.8
120.1

104.1
123.2
68.7
99.3
120.5
121.0

105.4
123.3
73.0
101.0
122. 5
123.1

108.5
123. 6
87.7
103.6
124.2
125. 5

117.8
128.2
108. 5
120.4
126.3
126.8

118.5
129.5
98.6
124.5
128.2
128.9

118.9
130.2
106.7
120.1
128.9
130.4

119.3
130.6
107.7
118.7
128.3
129.9

119.7
132.3
106.9
117.3
128.5
130.3

119. 1
132.3
102.4
117. 1
127.2
129.3

116.2
133. 5
87.5
112.2
126.2
127. 9

111.7
133.8
67.2
103.8
124.3
125. 8

151.5
142.9
170. 1
152.4
143.1

151.8
142.9
170.7
152.6
143.1

152. 0
143.0
171.2
152.5
143.2

152.2
143.1
171.7
153.1
143.2

152.1
143.0
171.8
153.0
143.2

152.5
143.5
171.7
154.1
143.2

153.0
143.5
171.7
154.2
143.2

153.6
143.4
171.8
156.1
143.2

153.8
143.4
172.0
155.8
143.2

153.9
143.5
172.4
156.1
143.2

153.7
143.4
172. 5
155. 9
141.9

153. 6
' 143. 9
172.9
' 156. 1
141.6

do
do
_ _ ___do_ _ _
. _ do

153.0
121.8
171.7
133.2

152.9
121.8
172.0
133.2

153.4
122.0
172.5
134.1

153.6
121.9
171.9
136.1

152.8
121.7
170.8
134.7

153.0
121.7
170.4
136.2

153.3
121.7
171.3
136.1

152.7
121.7
171.8
133.8

152.8
121.6
171.9
133.9

153.8
121.4
172.4
136.1

154.5
121.5
173.1
137.2

155.8
121. 5
173. 6
141.1

do_ _ _
do
do_ .
do

136.9
158.8
128.4
133.1

137.2
159.3
128.6
133.1

137.5
159. 6
129.0
133.1

137.7
159. 9
129.3
133.1

138.3
160.0
129.4
133.1

138.4
160.1
129.7
133.1

137.4
160.4
129.7
133.1

137.5
160.6
129.9
133. 1

137.4
160.5
129.7
133.1

137.5
160.5
130.2
133.1

137.5
160.4
130.3
133.1

137.7
160.6
130.3
133. 1

_do_ _ _
do
do. _ _
do

131.3
142.1
145.6
152.8

131.5
142.1
145. 2
151.9

131.7
142.1
145. 4
151.9

132.0
142.1
146.0
151.9

132.2
143.3
146.7
151.9

132.0
143.3
148.0
151.9

132.3
143.3
146.6
150.0

132.4
143.6
146.4
150.0

132.3
143.7
141.0
134.3

132.4
143.8
142.0
134.3

132. 5
144.3
142. 3
133.3

132.3
144.3
"•144.9
133.3

__do
do
do
_ do
do
do_ .

93.3
99.3
88.6
105. 1
79.4
97.5

93.3
99.3
88.7
104.7
79.3
97.3

93.7
99.3
89.6
109.3
79.8
97.6

93.9
99.3
90.2
112.1
80.1
97.7

94.1
99.3
90.3
113.6
80.6
99.4

94.5
99.6
90.8
114.0
81.0
101.1

94.9
99.6
91.6
114.2
81 5
102.2

95.3
99.9
91.9
113.4
82 2
103.3

95.7
100.4
92.1
113.7
82 3
104.3

95.9
100.6
92.6
113.2
82.1
104.7

95.9
100 6
93.0
114.2
81 0
104.1

96.3
100.9
94.0
117.4
81 4
103.7

128.6
121.7
134.8
100.9
118.6

128.6
121.7
134.8
100.8
117.8

128.9
121.7
134.8
98.5
117.9

132.1
121. 7
134.8
97.0
117.2

132.2
121.7
134.8
98.8
116.9

132.2
121.7
134.8
95.2
117.0

132.2
121.7
134.8
91.0
117.0

132 2
121.8
134 8
92.9
117 5

131 9
121.0
134 8
92.0
117.7

131 8
120.9
134.8
88.6
117.7

131 7
120.7
134 8
91.8
117 7

83.9
80.8

83.7
80.8

83.7
80.8

83.6
80.8

83.3
80.7

83.4
80.6

83 5
80.3

83 7
80 1

84 0
80 1

83 5
79 9

84 0
79 7

Machinery and motive products 9
Agricultural machinery and equip
Construction machinery and equip §
Electrical machinery and equipment
Motor vehicles
M etals and metal products 9
Heating equipment
Iron and steel __
Xonferrotis metals
Nonmetallic minerals, structural 9
Clay products
Concrete products._
Gypsum products

_

_

Pulp, paper, and allied products
Paper
Rubber and products
_
Tires and tubes
Textile products and apparel 9
\pparel
Cotton products
Silk products
Manmade fiber textile products
Wool products
_ __

do
do
do
do
do

Tobacco mfs. and bottled beverages 9
do
Beverages, alcoholic
__ _ do
Cigarettes
do
Miscellaneous
do
Toys, sporting goods
do

' 112.3
r
134. 1
73.8
103. 5
f
124. 8
r
125. 9

112.6
134.2
73.7
105. 5
125. 0
126.0

153.7
144. 0
172.9
155. 7
141.6

153.8
144. 3
173. 6
155. 9
141. 6

r

r

121. 6
' 172. 2
140.7

155. 6
121.3
172.4
142.2

r

137.8
160.7
130. 4
133.1

138.3
161.2
130.7
133.1

r

132. 4
144 3
142. 5
133 3

132.4
144. 5
143.5
133.3

96.7
100 9
95.0
121 7
81 3
104. 2

96.7
100.9
95.9
122.0
80.0
103. 9

131 7
120.7
134 8
93.7
117 7

131 7
120 7
134 s
94.2
118 0

131 8
120.8
134.8
95.8
117.0

84 1
79 6

84 1
i 79 7

i $3 8

r 155.2

T

PURCHASING POWER OF THE DOLLAR
As measured bv—
Wholesale prices
Consumer prices

1947-49-100
do

.

CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACED

Private, total 9

4,109

3,712

3,506

3,840

4,284

4,755

5,160

5,258

5,265

5,102

4,880

r

4, 421

r 4, 073

3,747

2 900

2 582

2 474

2 714

2 999

3 287

3 523

3 647

3 657

3 574

3 460

r 3 302

T 3 062

2 747

1,679
1,329
291

1,471
1, 170
243

1,374
1,080
238

1.562
1 230
276

1,799
1 370
372

1,972
1 473
438

2 096
1 583
448

2 151
1 625
458

2 134
1 622
441

2 105
1 619
416

2 036
1 565
403

r ] 904
1 457
r 378

T i 718
T i 322
r 324

1 501
1 140
291

716
168
310
94
395

655
165
273
94
348

636
160
268
103
349

625
154
270
115
399

627
150
276
131
429

687
154
320
155
458

762
161
364
173
475

801
167
379
187
489

811
175
369
197
496

773
166
359
183
493

770
171
348
155
477

790
185
354
136

789
200
341
121

do

New construction (unadjusted), total

1 209

1 130

1 032

1 126

1 285

1 468

1 637

1 611

1 608

1 528

1 420

do
do
do
do

367
118
399
325

359
107
348
316

326
91
319
296

366
100
328
332

385
119
419
362

385
144
549
390

408
159
654
416

406
127
678
400

412
133
656
407

380
129
625
394

368
117
568
367

do

4,424

4,557

4,609

4,659

4,667

4,713

4,705

4,671

4,566

4,427

4,313

r

4, 221

r

do

2 988

3 065

3 097

3 158

3 243

3 296

3 287

3 301

3 260

3 196

3 129

r 3 085

r

1,733

1,793

1,812

1,867

1,952

1,981

1,939

1,924

1,875

1, 855

1,811

699
166
300
126
412

691
160
304
197
436

694
160
308
133
442

685
156
305
136
454

688
153
311
138
451

716
157
334
141
445

742
163
344
145
447

764
170
351
148
449

772
175
347
152
444

734
168
399
153
436

718
169
318
155
423

do

1 436

1 492

1 512

1 501

1 424

1 417

1 418

1 370

1 306

1 231

1 184

do
do
do

400
135
539

396
127
600

397
125
613

394
133
596

388
143
517

382
144
513

381
139

379
113

372
113

345
102

511

514

475

443

338
95

mil. of dol__

_

do

Residential (nonfarm) 9
do
New dwelling units
do
Additions and alterations
_ _ _
do
N on residential buildings, except farm and public
utility, tota!9
mil. of dol .
Industrial
.
do
Commercial
do
Farm construction
do
Public utility
do
Public, total
Vonresidential buildings
Military facilities
Highway
Other types

_

New construction (seasonally adjusted), total
Private, total 9

_

Residential (nonfarm)
do
Nonresidential buildings, except farm and public
utility, total 9 _
mil. of do!
Industrial
do
Commercial.
_ _
do
Farm construction.
_
do
Public utility
do
Public, total 9
Nonresidential buildings
Military facilities
Highway
_
r

Revised.
i Indexes based on 1935-39=100 are as follows: Measured by—wholesale prices, 43.9 (January); consumer prices, 47.7 (December).
c?See corresponding note on p. S-6.
9 Includes data not shown separately.
§Revised beginning with data for September 1955; unpublished revisions (prior to Xovernber 1958) will be shown later.
iRevisions for January-September 1958 are shown in the November 1959 issue of "Construction Activity" report of Bureau of the Census.




41 S

r 449

T 411

757
209
310
115
352

U9

r 1 Oil

i ooo

321
r 109

r 319
r 97

370

286

r ]

r 309

324
94
280
309

4, 328

4,572

3 144

3 262

r 1,748

r 1, 760

1,841

731

769

180
317
158

196
331
161

r 319

r

r

424

r

797

203
345
l^rj

428

441

i 184

i 21 n

330

'345

r 105

r HO

281

357
1 1*)

281

483

l \QC)

r

SURVEY OF CURRENT BUSINESS

S-8
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

February

1959

1958

December

Janu-

Febru-

ary

ary

March

A pril

May

June

1 %o
July

August

Septem-

October

ber

Novem-

Decem-

Janu-

ber

ber

ary

CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F.W. Dodge Corp.) :
Valuation, total
mil of dol
Public ownershin
Private ownership ._
By type of building:
Nonresidential
Residential
Public works
Utilities

2,307

3, 340

3 778

3 542

3 659

3 657

3 084

3 058

3 135

2 373

2 224

887
1, 395

800
1.519

800
1. 507

869
2. 471

1.207
2. 571

1.094
2, 447

1, 167
2 492

1. 186
2, 470

850
2 234

840
2,218

914
2.220

701
1 , 672

1.513

.do
do
.do
do

748
981
481

704
1,073
403
126

913
1.541
478
408

1.187
1. 831
638
122

1.072
1.677
632
161

1.055
1.762
604
238

1.191
1 . 690
631
144

961
1 551
458
114

1 000
1 466
379
207

1,003
1 515
455
161

801
1 . 092
394
86

790
993
383

72

818
1.022
372
108

do

Engineering construction:
Contract awards (ENR)§

2,319

do
do
_ _

2,282

1.352

1,641

1,314

1, 644

1. 905

1 , 967

1,877

2.482

1 495

1 538

1 494

1 458

1 , 590

10. 261
794
6. 775
2,692

8. 964
2. 076
4. 775
2. 114

6. 756
996
4, 531
1,229

7. 255
981
4. 333
1.941

9, 171
848
5, 1 1 5
3. 207

9. 338
809
5.015
3. 515

10. 222
1 088
5. 792
3.342

11.734

977
6. 642
4. 116

6.971
464
2 469
4,039

6, 703
283
3 000
3, 420

4, 604
- —213
2 565
2.252

5.315
390
2 902
2. 023

Highway concrete pavement contract awards :cf
Total
_ thous. of sq. vd
\irports
do
Roads
do
Streets and alleys.
... _ _
.
do

!

711

58
;

1 , 265

NEW DWELLING UNITS
New permanent nonfarm dwelling units started:
Unadjusted:
Total, privately and publicly owned. _ -thousands..

91.2

87.0

94.5

121.0

142.2

137.0

136.7

128.8

129.3

120. 3

105, 5

r 92. 5

do
do
do

89. 5
62.8
1.7

84.1
59. 7
2.9

93.5
60.8
1.0

118.1
80 2
2.9

137.4
93.3
4.8

133. 5
91 8
3 5

131.1
90. 5
5 6

127.2
87.3
1 6

1 25. 1
84 1
4 2

116 9
80 4
3 4

102 2
73 9
3 3

90 7
63 9

do

Privately owned, total
.
In metropolitan areas
Publicly owned
Seasonally adjusted at annual rate:
Privatelv owned, total

1.432.0

1, 364. 0

1,403.0

1,403.0

1.434.0

1.370.0

1.368.0

1, 375. 0

1,340.0

1.323 0

71.3
68.5
49.0
3.2
16.3
2.8

72.3
71.4
52. 5
3.4
15.4
.9

109. 6
108.4
81.4
5.5

122 9
119.1
88.4
5.3
25.3
3.8

113 6
110 P>
84. 1
4.8
21 7
2.9

112 9
109.4
85.2
4.4
19.7
3.5

95
92
71
3
17
3

Residential construction authorized, all permit-issuing
places:
New dwelling units total
thousand 5 *
Privately financed, total
do
Units in 1-familv structures
do
Units in 2-family structures
do
Units in multifamilv structures
do
Publicly financed, total
do

r
r

r

69 5
67. 8
50. 2
2 9
14. 7

O ] r(

1 °

r
r

102 9
102 1
' 80. 6

4. 1
17 4
.8

97 4
96 7
76.4
3.7
16 6
.7

r

" 83. 7

75. 9

r

74.8

r

83. 1

58. 9
r>

1 i

1, 180. 0

1.210. (1

'1.330.H

1.210.0

88
86
66
4
15

8
8
7
9
2
0

r I g

OQ
68
51
3
13
1

17

9
0
5
3
3
9

7
1
3
2
5
ti

CONSTRUCTION COST INDEXES
Department of Commerce composite!
American Appraisal Co., The:
Average, 30 cities

1947-49= 100
1913=100..

New York _.
do
San Francisco .....
_
do
St. Louis
do
Associated General Contractors (all types)
do
E. H. Boeckh and Associates.-f
Average, 20 cities:
Apartments, hotels, and office buildings:
Brick and concrete
U.S. avg. 1926-29=100..
Brick and steel
..
do
Brick and wood .
.
do
Commercial and factory buildings:
Brick and concrete.
do
Brick and steel
do
Brick and wood
do
Frame
do
Steel
do
Residences:
Brick
do
Frame
. .
do
Engineering News-Record:©
Building
1947-49=100..
Construction
_.
do
Bu. of Public Roads— Highway construction:
Composite standard mile (avg for Qtr ) 1946—100

139

139

140

140

140

141

142

142

142

143

142

143

144

692
"56
741
641
671
504

693

693

694

-RX

7'»3

705

709

709

712

713

714

-f\Q

707

753
641
672
505

753
641
672
506

753
641
672
507

696
7fi8
753
644
672
509

754
658
688
511

755
658
688
516

769
658
689
522

769
659
690
522

776
660
689
525

778
669
690
526

778
669
690
526

778
670
690
•W

5' '7

299. 6
290. 7
287. 4

301. 1
291.9
288. 5

301.2
292. 1
289.3

301.4
292. 2
289.5

302. 8
293. 5
290. 9

304. 7
295. 2

307. 6
297. 5
294. 3

298.2
295.0

308. 9
298. 6

292.3

295.3

309.2
298.8
295.5

309.1
298.8
295 4

309.6
299.2
295. 9

310. 1
300. 3
296. 3

310. 5
300. 0
2%. 5

313.0
311.0
289 7
286. 0
296.1

316.7
314.7
292.3
289.1
299. 9

319.7
317.3
294.1
291.1
301.7

320.5

321.2
318.6
295. 1
292.2
302 6

321. 2
318. 6
302 6

321. 6
319.0
295. 5
292.6
302 9

322. 2
319. ti
296. 1

302.2

321.0
318.4
295. 0
292. 0
302 5

293.2
303.8

322. 7
320. 0
296. 3
293. (i
304. 0

296. 0

296 2
286. 1

296 2
286.1

296 6
286. 5

297. 3
287. 2

297. (i
287. f>

164.3
179. 1

163.9
178.8

163. 5
178. 5

163. 9
r 179.3

164.3
1 79. 4

308. 4

311.2
309. 5

312.8
310. 7

287.8
283.2
295.0

288.9

312. 9
310.9
289 5

284. 5
295. 9

285.7
296.0

288.0
278.0

289 2
279.1

290. 0

290 2
280.4

291. 6

293.1

280.2

282.0

283.3

295.0
285.0

295. 6
285. 6

285.9

158.6
171.8

158. 9
171.9

159.8
172.5

160.6
173.2

161.0
174. 5

162.2
175. 5

163.2
178.1

163. 9
179.1

164. 4
179. 4

314.7
313.0
290.8
287.7

298. 6

140. 8

141.6

318. 0
294. 7
291.8

295.0
292.2

I

137. 1

138 2

137 3

CONSTRUCTION MATERIALS
Output index, composite, unadj. 9 ©
1947-49=100
Seasonally adjusted 9 ©
do
Iron and steel products, unadj
do
Lumber and wood products, unadj ©
do
Portland cement, unadj
do

3 114.6
3 132. 9
108. 2
3 118. 9
141.1

116.1
124.2
109. 8
121. 5
111.3

114.3
129.5
119.0
100.0

137.6
142.7
140.0
131.4
145. 5

149.9
147. 5
160.8
142.6
174.0

152.1
141.9
162.1
141. 5
200.0

161.6
151.1
191.2
144.3
200.1

136. 1
140.0
106. 1
135.3
204. 5

132.8
119.6
73.9
144.3
208.2

131.7
125.2
64.1
146.0
195.0

585, 280
276, 178

506, 322
238, 320

529, 826
260, 493

490, 161
230, 597

477. 597

520, 515
221, 169

523, 850
227, 297

503, 596
202, 142

510, 029

523,314

211,489

220.711

237, 577

1,146

1,101

1,087

1.183

1,246

1,537

1,557

1,665

1. 795

1,013

1.012

1,257

1,359

1,434

1, 555

1. 529

1,421

1,374

317
442
254

326
429
257

439
515
303

480
562
317

522
601
311

554
674
327

520
695
315

472
662
287

2.352

2.245
3,307
98, 120

2,586
3,933
99, 610

2. 776
3,841
90. 689

2,768
3.876
81.597

2,974
3,946
77, 867

3, 100
3,768
82. 334

2,871
3,494
74, 660

no.o

130.8
115.2
65. 3
151.2
186.2

i
i
131 3
156.1

REAL ESTATE
Home mortgages insured or guaranteed by—
510, 264
Fed. Hous. Adm.: Face amount
thous. of dol
257, 108
Vet. Adm.: Face amount
do
Federal Home Loan Banks, outstanding advances to
1,298
member institutions
mil. of dol
New mortgage loans of all savings and loan associa1.136
tions, estimated total.
mil. of dol
By purpose of loan:
376
Home construction
__do
488
Home purchase do
272
All other purposes
do
New nonfarm mortgages recorded ($20,000 and under),
2,629
estimated total.
mil. of dol__
3,522
Nonfarm foreclosures
number
Fire losses
thous. of dol__ 100, 523

3,801
112, 983

450.999

447. 928
219, 605

241, 176

1,916

1 , 963

2. 134

i, 329

1 . 086

1,094

450
645
278

465
590
274

373

377
465
252

2,834
3,421
83, 027

2,799

2,442

71,160

78. 582 ;

48(1

227

90. 444

1
r
Revised.
' Includes contracts in Alaska and Hawaii; comparable figure for January 1959 is $1,644 million.
2 Negative figure due to termination of contract reflected in earlier data
3 Revisions for January-November 1958 (1947-49=100): Composite—unadjusted, 111.1; 100.6; 112.2; 121.1; 133.5; 138.2; 128.7; 139.0; 139.3; 146.5; 120.6; seasonally adjusted, 119.3; 113.7; 315.4;
118.9; 124.9; 129.1; 133.4; 126.4; 133.1; 129.7; 126.2; lumber and wood products—112.9; 105.8; 113.3; 117.3; 123.2; 120.5; 119.4; 132.9; 133.4; 145.0; 119.8.
§Data for January, April, July, October, and December 1959 are for 5 weeks; other months, 4 weeks.
cf Data for December 1958 and April, July, and September 1959 are for 5 weeks; other months, 4 weeks.
JMinor revisions prior to 1958 are available upon request.
^Copyrighted data; see last paragraph of headnote, p. S-l.
OData reported at the beginning of each month are shown here
for the previous month.
9 Includes data for items not shown separately. © Revisions for 1955-57 for the composite index of construction materials output and for lumber and wood
products are in the September 1959 SURVEY (p. 20).




SUEVEY OF CURRENT BUSINESS

February
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

December

S-9

1959
January

February

March

April

May

June

1960
July

August

XT
SeptemNovemOctober
ber
ber

December

January

DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adjusted:
Combined index
1947-49=100
Business papers
- -- do _
Magazines
do
Newspapers
Outdoor
Radio (network)
Television (network)

_

211
218
Ifil

215
232
162

219
225
165

219
232
157

230
232
164

226
243
165

225
235
171

233
226
185

222
235
175

230
241
173

242
242
195

224
244
184

181
145
28
447

168
135
28
444

177
154
24
461

181
127
28
474

205
157
36
467

198
165
30
458

200
156

217
159
24
474

208
165
19
437

216
149
20
462

213
188
24
484

167
158
21
492

53, 939
3,642
15,408
11, 874

52, 076
3,884
15,370
12,064

48, 885
3, 632
13, 863
10, 848

55, 559
4, 009
15,468
11,643

r 52, 126
4,154
13, 874
r 9, 999

'51,919
3,987
«- 14,470
r 9, 853

»• 47, 544 r 46, 641
3,000
3,271
'r13, 931 r 13, 404
9, 353
9, 601
8,971

48, 269
3, 107
13, 525
8 679

59, 031
r 5, 407
16,525
11 921

58, 138
4, 978
15, 704
10 922

do
do
do

5,554
6,031
11, 430

5,453
6,764
8,541

5, 421
6,112
9,010

6,123
7,025
11, 290

6,019
6, 059
12, 022

5,459
6,138
12, 013

5, 597 r 5, 153
6,189
6,352
' 9, 226 r 9, 490

5, 622
5,996
11 339

6 Oil
6,020
r 13 147

5 364
6,108
15, 062

do
do
do
do

149, 105
1 , 936
30, 696
52, 191

156,419
1,81(5
33, 039
54, 125

158,904
5 744
26 491
51 023

do
do
do

1 8, 261
5,800
40, 221

21, 268
8,109
38, 062

23 322
7,770
44, 554

do .
do
do
do
do
do

54, 261
3,479
4,831
695
4,922
7,141

41, 070
1,767
4,950
1,005
3,740
5, 578

56, 400
2,935
4, 644
2, 783
5, 827
9,071

70, 080
4,888
7,428
3,317
6, 723
9, 145

73, 862
5,244
7,973
4, 635
6,038
8,042

73, 922
5,042
8,437
3,724
6,501
8,316

66, 405
2, 669
7, 645
3,423
7, 351
9, 128

46, 054
683
4,870
1,674
5, 566
7, 926

51, 025
4,483
4,250
1,404
5, 157
8,292

69, 709
7 482
3,828
4,778
6, 325
7 782

90, 211
5,846
12, 806
3, 603
7,839
11, 036

86, 117
5,424
9,483
2, 514
8,235
11, 807

60, 820
3,444
4, 332
1,101
6,147
8,905

do
do
do
do
do
do

6,399
3, 647
2,708
499
2, 366
17, 574

1,713
2, 271
2, 455
394
1,777
15, 421

2, 965
3, 681
2,894
880
2, 290
18, 429

4. 326
5, 306
3, 816
1,322
2, 426
21,384

3,931
7, 674
4, 409
1,392
2,082
22, 441

4, 195
7,797
4,690
1, 04G
2, 366
21,809

4, 224
5 963
4,423
1,002
2, 546
18, 031

3,587
3,014
3,675
603
1,882
12, 569

3,127
3, 554
3, 539
479
2,448
14, 292

4 135
6 002
4.826
69!
2. 518
21, 343

5, 523
9 014
5,977
1, 075
2,354
25, 138

6,014
7 655
5,733
942
2,237
26, 074

7,515
5 010
3,794
547
2, 365
17, 661

_ . . _ _ - _
_

_ _

do _
do
do
1950-52=100. ..

Television advertising:
Network:
Gross time costs total
thous. of dol
Automotive, including accessories _ __ _ _ d o
Drues and toiletries
do
Foods soft drinks confectionery
do
Soaps cleansers etc
Smokirie; materials
- All other
Spot:
Gross time costs Quarterly total
Automotive including accessories
Drucs and toiletries
Foods ^oft drinks confectionery
Soaps cleansers etc
Smoking materials
All other

- -

--

Magazine advertising:
Cost, total
_
\pparel and accessories
Automotive, incl accessories
_
Building materials
Drugs and toiletries
_ _ _ _
Foods soft drinks confectionery
Beer wine liquors
Household ecjuip supplies furnishinsrs
Industrial materials
Soans, cleansers, etc
- Smoking materials
All other
Linage, total

_

. _ _

_ thous. of lines-

Newspaper advertising linage (52 cities), total.. _do
Classified
do
Display total
do
Automotive
Financial
General
Retail

_ _ _
_ _

do
do
do
do

471

r 48, 086
3, 406

r 14, 415
r

5,323
5,829
r 9, 759

r

3,637

4, 069

4,510

5,320

5,278

4,747

4,067

3,420

4, 603

5, 434

5,792

5, 244

4, 061

230, 978
45, 796
185, 182

193, 525
51,738
141, 787

196, 096
50, 742
145, 353

236, 459
59, 326
177, 134

255, 002
63, 152
191, 850

263, 826
68 279
195, 547

236, 972
63 289
173, 682

220, 351
63, 390
156, 961

234, 381
67 880
166, 501

246, 914
64 199
182,715

271,255
64 780
206 474

259, 509
59 382
200, 127

250, 948
51 416
199, 532

8,458
4, 264
24, 451
148, 008

8,853
5,721
22, 058
105, 155

9,172
3, 598
27, 607
104, 976

12, 150
4,801
30, 720
129, 463

15,710
4, 783
35, 590
135, 767

16, 603
4,091
35, 738
139, 115

15, 514
5,212
31,373
121,584

14, 398
5,035
25, 831
111, 698

12, 959
3, 399
24, 390
125, 754

12, 245
4 014
32,411
134 045

18 409
4 780
38, 403
144 882

9, 757
4 286
32, 927
153, 158

9,310
4, 985
26, 533
158, 703

PERSONAL CONSUMPTION EXPENDITURES
Seasonally adjusted quarterly totals at annual rates:
Goods and services total
bil of dol
Durable goods, total 9
Automobiles and parts
Furniture and household ccjtiipment
Nondurable goods total 9
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
Services tot?] 9
Household operation
Honsln 0 "
Transportation

299.1

303.9

311 2

313.3

317.0

39.8
15.7
17.8

41.3
17.2
17 7

44.1
18 8
18 8

43.6
18 2
18 9

42.8
17.2
18 8

do
do
do
do _

143.6
2G. 6
77.0
10.7

145 3
26.7
77.8
11.0

147 7
27.8
79 0
11.1

14» 0
27 8
78 8
11.3

150 1
28.3
79 5
11.4

do
do
do
do _

115 7
17.2
39.0
9.2

117 4
17.3
39 6
9.3

119 4
17 6
40 3
9.3

1°1 6
17 8
41 0
9.5

124 1
18.1
41 8
9.6

do
do
do

.
_ _ _ _
_ _ _

RETAIL TRADE
All retail stores:
Estimated sales (unadjusted), total

mil. of dol--

Diirable eoods stores 9 _ ._. _ _ _
_ do .
Automotive group
_
do _
Motor-vehicle, other automotive dealers do
Tire battery, accessorv dealers
do
Furniture and appliance group
Furniture, homefiirnishinrs stores
Household-appliance, TV, radio stores
Lumber building hardware croup
Lumber, building-materials dealers
Hardware stores _ _ _ _ - _ _ _
Nondurable foods stores 9
Apparel gronp
_
M~en's and bovs' wear stores
Women's anparel, accessory stores
Family and other apparel stores
Shoe stores
r

Revised.

1 Advance estimate.




do _
do
do
do
do
_ do

do
do
do
do ~
- _ do
do

_

r

21, 174

16,225

14, 961

17, 190

17, 589

18, 600

18, 708

18, 332

18, 054

17, 570

19,095

17, 635

6,390
3, 214
2, 965
249

5,121
3,017
2, 856
161

4 927
2, 899
2,748
151

5,831
3, 464
3, 283
181

6,208
3, 566
3,349
217

6. 435
3, 696
3,472
224

6, 826
3, 880
3 641
239

6,419
3, 579
3,343
236

6,240
3,410
3, 178
232

5,708
2, 878
2 668
210

6, 420
3, 520
3 293
227

5 502
2 807
2 596
2*1

1,176
723
453

784
486
298

746
475
27J

808
521
287

839
555
284

899
585
314

978
619
359

916
574
342

942
596
346

921
573
348

988
623
365

QQ9

634
358

1,220
748
481

919
631
288

697
523
174

684
517
167

844
651
193

1 041
796
245

1 093
830
263

1 138
876
262

1 135
895
240

1 092
863
229

1 093
866
227

1 104
861
243

9r5
736
219

981
692
289

14, 784
1,854
391
744
459
260

11 104
868
172
359
183
154

10 034
750
138
322
160
130

11 359
1, ]01
171
455
257
218

11 381
996
179
417
218
182

12 165
1, 128
213
461
246
208

11 882
1, 077
226
410
242
199

11 913
925
184
356
214
171

11 814
958
172
378
230
178

11 862
1, 120
190
428
275
227

12 675
1,198
220
471
298
209

12 133
1, 170
237
451
294
188

" 15 429
«• 1, 975

9 Includes data not shown separately.

21, 454

i 16, 083

'• 6, 025
2. 723
2 456
267

i 4, 904
i 2, 908

r

r

4'.} 9

776
497
270

1

1

773

11,179
1
93i>

SURVEY OF CURRENT BUSINESS

S-10
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959

1958
December

February 1960

January

February

March

May

April

1960

July

June

August Septem- October
ber

Novem- December
ber

January

DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (unadjusted) — Continued
Nondurable goods stores— Continued
Drug and proprietary stores
mil of dol
Eating and drinking places . ... _ .. do__ .
Food group
_
do
Grocery stores.
do ....
Gasoline service stations
do

1,243
4, 475
3,947
1 369

738

581
1,158
4,382
3.914
1 282

534
1,070
3, 869
3, 445
1. 197

580
1.157
4,108
3. 658
1,318

559
1,215
4,157
3, 714
1,348

591
1,336
4,437
3,966
1,427

582
1,372
4,271
3,797
1 450

579
1, 457
4,481
3,999
1, 516

587
1,458
4,295
3,823
1,504

591
1,378
4, 215
3, 746
1,419

608
1,374
4,594
4,115
1.462

575
1,276
4,173
3,708
1 433

r
783
1.350
4,698
4,158
1 437

3, 358
1, 952
234
649
596

1.444
842
108
223
354

1,359
768
114
232
324

1,733
986
134
300
356

1,774
1,044
132
262
345

1,892
1,096
137
299
382

1,879
1,107
126
301
373

1,701
970
120
287
403

1,843
1,057
138
304
396

1,917
1, 126
147
306
385

2,107
1,255
159
327
410

2,190
1,302
203
327
397

3,552
2,056
260
682
604

Estimated sales (seasonally adjusted), total. _ do

17, 603

17, 455

17, 575

17, 914

17, 953

18, 222

18, 189

18,296

18, 110

17, 784

18, 341

17, 842

Durable goods stores $
do
\utomotive group
do
Motor-vehicle, other automotive dealers, do
Tire battery accessory dealers
do

5 825
3, 256
3,060
196

5 836
3. 258
3,047
211

5, 869
3,249
3,045
204

6 045
3,340
3,128
212

6 137
3,396
3,175
221

6, 099
3,375
3, 155
220

6 162
3,476
3, 268
208

6 160
3,454
3,249
205

6 095
3,350
3,135
215

5 773
3, 105
2,894
211

6 360
3,690
3,475
215

5 682
2 961
2,740
221

Furniture and appliance group
do
Furniture, homefurnishings stores ... do. .
Household-appliance, TV, radio stores do

868
548
321

880
549
331

889
562
327

902
570
332

918
600
318

940
599
341

936
603
333

929
589
340

952
593
359

928
586
342

924
578
346

935
588
347

903
570
333

Lumber, building, hardware group.
do _
Lumber, building-materials dealers . . do_ _.
Hardware stores
do _

919
706
213

904
676
228

979
745
234

1,011
782
229

1,047
799
248

1.034
787
247

991
756
235

1,009
780
229

988
758
230

964
745
219

951
728
223

971
755
216

988
773
215

do . _ 11,778
1,101
do
199
do
446
do
261
do ...
196
do

11,619
1,032
188
422
232
190

11,706
1,082
197
450
241
194

11,869
1,106
201
447
261
197

11,816
1,059
203
427
241
188

12,123
1,154
228
454
273
199

12,027
1,100
217
435
260
188

12, 136
1,134
225
441
268
200

12, 015
1,096
217
437
257
185

12, Oil
1,111
213
435
260
203

11,981
1,080
203
433
252
192

580
1,243
4,242
3, 772
J , 356

579
1,262
4, 243
3, 767
1,367

569
1, 243
4,274
3,806
1,368

592
1,240
4,320
3.848
1,376

579
1,283
4, 292
3,836
1, 381

592
1,304
4,342
3,875
1,386

596
1,312
4,300
3,833
1, 388

592
1,324
4,289
3, 815
1, 404

600
1,295
4,305
3,834
1,392

618
1,319
4,267
3,768
1,411

609
1,335
4,294
3,828
1,435

607
1,306
4,390
3,916
1,438

612
1 351
4,363
3,886
1.423

do . . . 1,887
1.099
do
139
do
314
do
384
do

1,826
1,077
136
297
376

1,855
1,072
144
319
387

1,883
1.078
143
320
400

1, 935
1,110
149
307
388

2,000
1.146
152
330
388

1,961
1, 151
136
322
410

2,030
1, 186
146
337
411

1,989
1,183
150
315
398

1, 958
1,142
149
323
395

1.940
1,139
149
312
388

1, 966
1, 141
157
332
401

1,991
1 157
154
327
386

r 25, 130
11, 130

' 25, 170
10, 950
' 14. 220

23, 280
10 670
12,610

r 24, 200

24,210
10, 990
4 260
2,010
2 320

General merchandise group 9 - - Department stores, excl. mail-order
Mail-order (catalog sales)
Variety stores
Liquor stores

. do. ..
do
do
do
do

Nondurable goods stores 9
_ .
Apparel group
Men's and boys' wear stores .
Women's apparel accessory stores
Family and other apparel stores __ _ _
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
_ _ _
Gasoline service stations

do
do
do
._ do
do

._

General merchandise group 9 Department stores, excl. mail-order
Mail-order (catalog sales).
__ _ ___
Variety stores
Liquor stores
Estimated inventories, end of month:
Book value (unadjusted), total
Durable goods stores
Nondurable goods stores - _

do
do
do._

Book value (seas, adj.) , total
Durable goods stores 9
A utomotive group
Furniture and appliance group—.
Lumber, building, hardware group
Nondurable goods stores 9
_
Apparel group
Food group
_ _ ._
General merchandise group
Firms with 4 or more stores:
Estimated sales (unadjusted), total
Firms with 11 or more stores:
Estimated sales (unadjusted), total 9

23, 210
10, 640
12, 570

23, 400
10, 920
12, 480

24, 030
11,210
12, 820

24, 680
11, 590
13, 090

25, 270
11,930
13, 340

25, 010
11, 940
13, 070

24, 640
11,830
12,810

24, 640
11, 870
12, 770

24, 520
11,370
13. 150

24. 270
10,600
13,610

r 14,000

do _ _
do
do
do. _
do

23, 980
10, 810
4, 150
1,950
2,300

24. 190
11,010
4,420
1,960
2,240

24, 120
10,970
4, 400
1, 960
2,210

24. 150
11,120
4, 580
1,940
2, 220

24. 460
11,290
4, 760
1,920
2, 230

24, 510
11,450
4, 920
1,940
2. 240

24, 800
11, 660
5,060
1,960
2, 260

25, 090
11, 900
5,240
1,990
2,300

24, 800
11,620
4, 930
2, 010
2, 300

24, 770
11,500
4,830
2, 000
2.290

' 24, 710
11,590
4,960
1,990
2, 290

do . 13, 170
2, 680
do
do . . 2,880
4,140
do

13,180
2, 740
2, 890
4,130

13, 150
2,730
2,880
4,070

13.030
2, 660
2, 890
4, 030

13.170
2, 720
2, 920
4. 060

13,060
2, 690
2. 930
4.040

13, 140
2,720
2, 920
4. 120

13, 190
2, 720
2, 960
4, 150

13,180
2, 740
2. 940
4, 170

13,270
2,760
2,940
4,220

r 13,120

4,380
2,010
2,290

r

5 328
2 667
2.457
210

»• 13, 190

r 4, 130

r 4, 130

13. 220
2 720
2, 950
4 250

do

6, 023

3,970

3,608

4. 181

4. 181

' 4, 504

4.398

4,316

4,298

1, 371

4, 836

4 559

6 249

do ..

5,178

3, 420

3,113

3, 626

3. 643

3.932

3,832

3,778

3,777

3. 833

4. 243

3,995

5 480

\pparelgroup9
do
Men's and boys' wear stores do. ..
Women's apparel, accessory stores . ... ..do
Shoe stores
do

434
40
192
114

179
16
74
55

160
12
69
50

278
18
114
92

224
16
97
70

259
20
113
82

256
20
106
82

207
16
89
68

215
14
97
67

267
16
111
90

273
20
114
82

269
23
113
76

461
42
205
1*>2

Drug and proprietary stores
Eating and drinking places
Furniture, homefurnishings stores

149
75
47

93
69
33

87
67
35

98
75
39

92
76
41

99
80
39

99
83
39

100
88
36

98
87
39

99
84
38

101
83
39

98
76
41

160
81
44

do ...
do
do _.
do
do .
do

2,093
1,166
509
1,659
55
101

870
524
168
1,676
48
62

826
477
176
1,470
48
59

1,063
614
233
1,542
59
69

1,088
673
201
1, 565
70
82

1,165
705
231
1, 697
76
89

1,174
720
235
1, 572
82
89

1.063
636
221
1.679
82
88

1, 164
687
236
1 580
81
86

1,199
721
234
1. 562
80
78

1, 318
799
252
1,807
77
88

1.370
809
256
1 558
65
78

2 220
1 241
533
1 794
58
106

do

' 3, 934

3, 939

.

General merchandise group 9 - _ _ _ _ . . . _
Department stores, excl. mail-order
Variety stores
. . . _ _ _ _ _ __ _
Grocery stores
Lumber, building-materials dealers. _
Tire, battery, accessory stores
Estimated sales (seas, adj.), total 9

do
do
do

2, 700
2, 920

f

r 2, 710

2,920

3,789

3, 727

3,772

3, 805

3.815

3, 935

3, 897

3.984

3, 972

3. 929

3, 921

Apparel group 9
._
.
do _.
Men's and boy^' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
_ _ _
. _ _ . _ do

258
20
111
78

240
19
105
74

250
19
109
76

251
18
106
81

232
17
102
70

256
20
109
78

253
20
108
75

266
22
109
81

254
20
107
74

259
19

no

81

248
18
106
78

258
19
108
82

267
20
116
81

Drug and proprietary stores _ _ _ ...
Eating and drinkinp1 places
Furniture, homefurnishings stores _ _ _

100
72
39

98
75
40

97
77
42

101
77
41

96
78
42

101
79
40

101
80
40

102
83
39

103
81
39

103
81
39

101
79
34

104
79
37

108
78
37

1,145
666
242
1 , 599
64
79

1. 154
671
248
1 607
70
81

1.198
716
236
1 602
70
83

1,249
737
260
1 . 629
71
83 !

1.233
748
253
1.610
72
77 1

1,211
717
248
1 649
68
82

1.214
726
244
1, 654
66
86

do ..
do
do .

General merchandise group 9 - - . . _ _ do _
Department stores, excl. mail-order
_do_ ...
Variety stores
_
do .. !
Grocery stores
do
Lumber building-materials dealers
do
Tire, battery, accessory stores
. _ . . do i
r
r
Corrected.
'Advance estimate.
Revised.




1,135
651
243
1, 597
65
72

1,125
669
228
1 . 575
62
80

$ Includes data not shown separately.

1.289
778
261
1 619
72
80

1,273
778
247
1 635
71 ^
82 !

' 1,209
709
251
1 652
67
83

1

i 604
1, 257
4, 317
3, 871
1 336
1, 481
1861

' 17, 485 1 17, 839

12, 160 ' 12, 157
1,150
1,119
219
215
454
439
277
268
200
197

' 11,010

1
1
1
1

1,205
698
252
1 651
68
80

i 5 681

1

12 158

SUKVEY OF CURRENT BUSINESS

Februarv 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

S-ll

1959

Decem-

January

ber

February

April

March

May

1960

June

July

August- Septem- October Novem- December
ber
ber

January

DOMESTIC TRADE—Continued
RETAIL TRADE- Continued
Department stores:
Accounts receivable, end of month :$
Charge accounts
1947-49=100
Installment accounts
_- -do
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
_ do
Installment sales
do
Sales, unadjusted, total U.S.-.
Atlanta
Boston
Chicngo
Cleveland
Dallas
Kansas City

-

- do
do
do
do __
do
do -

—
-

_

Minneapolis
New York
_ _
Philadelphia
Richmond
_
St Louis
San Francisco

- .-

146
371

157
380

168
388

186
405

249
458

47
15

46
15

48
16

47
15

47
15

49
16

47
15

46
15

47
15

48
15

48
15

47
15

44
41
15

43
43
14

43
43
14

43
43
14

43
43
14

44
41
15

44
41
15

44
41
15

42
43
15

42
43
15

43
42
15

44
42
14

251

106

107

125

130

141

137

121

132

145

150

176

'»261

r

307
240
228
244
r
276
261

135
94
94
96
133
112

138
90
96
103
126
113

167
103
114
117
151
134

165
114
123
123
157
141

175
124
134
132
172
154

162
118
130
127
160
147

157
95
111
115
155
135

177
103
124
126
176
156

173
132
138
135
160
155

186
131
142
139
177
161

217
154
164
170
208
179

p324
p251
P234
P252
P291
p266

227
235
'250
'285
250
'263

93
104
101
113
105
119

99
100
102
114
109
119

119
112
124
138
128
132

122
116
128
139
129
138

127
126
138
156
149
146

135
125
132
146
130
151

107
100
108
129
120
143

131
102
112
138
138
157

146
132
140
156
144
154

150
141
144
166
151
154

147
'170
183
190
177
"•180

p229
p245
P255
P290
P250
p281

140

138

141

144

144

150

149

143

144

145

168
120
129
133
162
155

167
116
129
128
166
156

175
120
130
132
169
150

182
124
135
136
173
158

186
118
133
135
176
154

190
133
140
142
174
154

196
132
139
143
189
163

180
124
132
135
167
154

178
130
135
135
170
155

187

p 188
P138
P138
P 144
P168
P 154

- do
do
do .
do_.
- do
do

136
133
' 140
156
* 143
148

127
129
134
160
138
150

133
127
134
159
141
155

141
123
129
146
144
155

127
126
142
156
138
153

131
130
139
158
148
154

139
128
140
157
140
161

134
138
148
161
146
161

139
133
135
161
154
162

137
129
137
149
146
154

130
133
141
158
138
153

. do_._
do

'135
150

136
152

143
150

153
148

158
151

153
151

148
156

148
159

156
160

168
161

bil. of doL_
_ .do~ _
do

12.0
4.2
7.8

11. 1
3.8
7.3

10.7
3.8
6.8

11.9
4.5
7.5

12.2
4.7
7.6

12.3
4.8
7.5

12.8
5.1
7.7

12.7
4.9
7.8

12.2
4.7
7.5

do
_ do - ..
do

11.6
6.0
5.7

11.8
6.2
5.6

11.9
6.4
5.6

12.0
6.5
5.6

12.0
6.5
5.5

12.2
6.6
5.6

12.4
6.7
5.7

12.4
6.7
5.7

12.4
6.6
5.9

P113

r P149

173
119
124
123
168
150

__

Stocks, total U.S., end of month: t
Unadjusted
Seasonallv adjusted

145
363

138

- --

- -

155
368

143

-

-

158
366

178
132
134
139
160
151

-

-

156
367

r

do

- .

158
373

do
do
do _ .
- do_.
- do _
do

Sales, seasonally adjusted, total U.S
\tlanta
Boston
Chicago
Cleveland
Dallas
Kansas City

165
381

44
43
13

do
do_ ..
do
__do_-do
-- - d o .

196
392

49
15

1947-49=100--

Minneapolis
New York
Philadelphia
Richmond
St Louis
San Francisco

235
391

--

_.

'127

134
138
182
154

156

p 137
P138
P 142
P158
p 143
P 158

177
158

182
160

p 146
P 161

13.0
4.9
8.1

13.0
4.8
8.1

12.5

13 0
4.6
8 4

12.6
6.5
6.1

12.8
6.5
6.3

' 12.9

P147

12 5
6.3
6 2

128
"•133

140
153
r!49

WHOLESALE TRADE
Sales estimated (unadj ) total
Durable goods establishments _
_.
Nondurable goods establishments
Inventories estimated (unadj ), total
Durable goods establishments
.. _ .
Nondurable goods establishments

4.6
7.9

6.4
6.4

EMPLOYMENT AND POPULATION
POPULATION
Population, United States:
Total, incl. armed forces overseas §

175,359

175, 591

1175,969

1176,188

1

176,421

'176,639

1176,865

1177,103

1177,374

Noninstitutional population, estimated number 14
years of age and over, totaled
thousands.. 122, 609

122,724

122, 832

122, 945

123, 059

123, 180

123, 296

123, 422

thousands.

1

179, 013

1

123, 908

124, 034

2

178, 252 1178,521

1178,780

123, 549

123, 659

123, 785

1

179,245

EMPLOYMENT

Total labor force, including armed forces
Civilian labor force, total
Employed
Agricultural employment
Nonagri cultural employment
Unem ployed
_
_ _
Percent of civilian labor force: ©
Unadjusted
Seasonally adjusted

70, 701

70, 027

70, 062

70, 768

71,210

71,955

73, 862

73, 875

73, 204

72, 109

72, 629

71, 839

71, 808

2

do do
do
do _ _ do

68, 081
63, 973
4,871
59, 102
4. 108

67, 430
62, 706
4,693
58, 013
4,724

67, 471
62, 722
4, 692
58, 030
4,749

68, 189
63, 828
5, 203
58, 625
4, 362

68, 639
65, 012
5,848
59, 163
3,627

69, 405
66,016
6, 408
59, 608
3,389

71,324
67, 342
7,231
60, 111
3,982

71, 338
67, 594
6,825
60, 769
3,744

70, 667
67, 241
6, 357
60, 884
3,426

69, 577
66, 347
6, 242
60, 105
3,230

70, 103
66, 831
6,124
60, 707
3,272

69, 310
65, 640
5, 601
60, 040
3,670

69, 276
65, 699
4,811
60, 888

2

6 0
6.1

7 0
6.0

7.0
6.1

6.4
5.8

5.3
5.3

4.9
4.9

5.6
4.9

5.2
5.1

4.8
5.5

4.6
5.6

4.7
6.0

5.3
5.6

5 2

thousands-

51,909

52, 697

52, 770

52, 177

51, 849

51, 225

49, 435

49, 547

50, 345

51, 550

51, 155

Employees in nonagricultural establishments (U.S.D.L.):
Total, unadj. (excluding Alaska and Hawaii) A do
Manufacturing
do
Durable goods industries
do
Nondurable goods industries
do

51,935
15 749
8,989
6,760

50, 310
15, 674
8,990
6, 684

50, 315
15, 771
9,060
6,711

50, 878
15, 969
9,217
6,752

51, 430
16, 034
9,314
6,720

51, 982
16, 187
9,443
6, 744

52, 580
16 455
9,581
6,874

52, 343
16,410
9,523
6. 887

52, 066
16, 169
9,058
7,111

52, 648
16 367
9, 225
7,142

52, 569
16, 197
9,168
7,029

713
93
20
192

704
94
20
192

693
94
18
188

688
94
16
180

694
96
15
176

701
97
15
176

713
98
15
178

710
97
17
171

639
62
15
136

020
47
16
136

621
47
16
145

301
107

296
103

292
101

294
104

297
110

301
112

309
113

311
114

310
116

306
115

299
114

Not in labor force

124,606

do

Mining total
do
Metal
_ . _ . do
Anthracite _ _
_. _ _ do...
Bituminous coal
do
Crude-petroleum and natural-gas production
thousands- Nonmetallic mining and Quarrying. _
do

52, 068

3,577

2

6.1
25.2

5.2
52, 225

70, 689

68, 168
2 64, 020
2
4, 611
2
59, 409
2
4, 149

2

53. 917

>• 52, 793 r 53, 739 p 52, 005
' 16, 280 *• 16 488 p 16,413
^9,313 r 9. 583 P 9, 620
r 6, 967 * 6, 905 p 6, 793
r 660

r

667

p ^r-

'67
16
"164
'298

114

!
2
"•Revised.
P Preliminary.
See note marked "§".
See note marked "cf".
t Revised beginning August 1959 to include data for Hawaii.
tRevisions for January 1919-December 1954 appear on p. 27 of the May 1959 SURVEY.
§Estimatos for Alaska and Hawaii ;re included effective with February 1959 and September 1959,
respectively; preliminary estimate of cirilian population in Alaska (Jan. 1, 195P), 153,000 persons and in Hawaii (Sept. 1, 1959), 603,000 persons. Revisions for February 1957-August 1958 are
shown in the November 1959 SURVEY (bottom p. S-ll).
©Monthly rates back to January 1947 are shown on p. 44 of the July 1959 SURVEY.
cfData beginning January 1960 include figures for Alaska and Hawaii; January 1960 estimates for these States (thous.): Noninstitutional population, 500; civilian labor force, 282; employed persons, 266; nonagricultural employment, 229.
ATotal employment in U.S., including Alaska and Hawaii (thous.): 1959—November, 53,021: December, 53,972; 1960—January, 52,229.
Digitized" for FRASER



SURVEY OF CUEEENT BUSINESS

S-12

December

1960

1959

1958

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

February 1960

January

February

March

April

May

June

July

Novem- DecemAugust Septem- October
ber
ber
ber

January

EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees in nonagricultural establishments, unadjusted (U.S. Dept. of Labor) — Continued
Contract construction _ .
thousandsTransportation and public utilities 9 _do
Interstate railroads
do
Trucking and warehousing
Telephone
Gas and electric utilities
Wholesale and retail trade
Wholesale trade
Retail trade 9 _
_ _ -__

2,343

952
94
830
709
574

3, 836
929
93
803
706
572

3, 835
931
93
810
705
571

11,976

11,052

do
do
do
-

Food and liouor stores

-do _
do
do
do

Finance, insurance, and real estate
Service and miscellaneous 9

do
_do _ _

Laundries
Cleaning and dyeing plants
Government

do
do
do

Total, seas. adj. fexcl. Alaska and Hawaii) A--do
Manufacturing. _
__
do ._
Durable goods industries
do
Nondurable goods industries
_
do _
Mining
Contract construction _ _
Transportation and public utilities
Wholesale and retail trade
Finance, insurance, and real estate
Service and miscellaneous
Government

do
do _do
do
do
do
do

Production workers in manufacturing industries, unadj.:
Total (U.S. Dept. of Labor)
thousands...
Durable goods industries
__
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
thousands _.
Sawmills and planing mills
do
Furniture and
fixtures
_ __
do
Stone, clay, and glass products
do
Primarv metal industries.
_
do
Blast furnaces, steel works, and rolling mills

2,256

2,486
3,881

2,417
3, 865
936
93
823
704
569

2,662
3,879

11, 136

3, 028
8, 024
1 397
1 583
766

10, 990
3, 025
7, 965
1 349
1 598
768

11,083

3, 065
8,911
1 943
1 630
781

2,373

2,363

2,371

2,386
6,377

6, 3S4
468
307
167
0

O'-O

6,314
461
307
166

8,024

6,333
467
304
165

8,066

50, 844
15, 701
8, 956

51,086

9,007
6.757

15,819
9,049
6,770

709

704
2, 650
3, 894

693
2, 626

6,745
2,550

3, 859

1 5, 764

2, 385
6, 448
8, 049

11,216
2,387
6,443
8,028

11,930

11,855

11,143

51, 194

3,880
11,279
2,395
6, 462
8, 040

11,937

3,019
8, 064
1 388
1 599
772

469
305
167
8, 093

51,456
16,006

9,192
6,814
688
2,719

3,885
11,263

943
92
8?8
704
572

3,024
8,112
1 388
1 605
782

2,403

6,511
494
308
171
8,111

3,035
3,949

3, 107

968
93
854
706
575

960
92
856
712
586

928
99
855
711
588

11,234
3,026
8,208

11,352

11, 324
3, 069

11, 360
3, 081

1 397
1 600
799

1 408
1,604
801

2,413

2,442
6,623

2, 475
6, 603
603
318
169

2.474
6,582

2,834

3,914
957
92
841
704
573

1 416
1 611
788

6,583
504
312
176
8,116

2,986
3,944

3, 054
8, 298
1 429
1 617
796

533
317
176
8, 065

51, 887
16, 182
9,319
6. 863

52, 125
16, 372

6,910

52, 407
16, 527
9 573
6, 954

701

708

709

9,462

2,829

2,787

11,333

11,363

3, 886

3,917

2,799
3,928
11,425

3,922

3,043
3, 927
906
92
881
708
584

11,464

2, 961
3. 910
893
92
898
703
578

' 2, 856 ' 2, 683 *>2,413
'3,912 ' 3, 937 p 3, 871
898
92
'893
703
577

11,551 ' 11,723 ' 12, 341 > 11,427

3, 097
8, 367
1 463
1,612
799

3, 121
8, 430
1 521
1,627
802

' 3, 141 ' 3, 157
T
8, 582
' 9, 184
' 1, 628
' 1, 646
804

2,452

2,441
6,614
476
312
174

r

8,274

2, 438
' 2, 438 P 2, 430
' T6, 593 6,545 p 6, 477
470
311
175
'8,331 ' 8, 640 p 8, 317

9,635

52, 023
16, 037
9, 094
6, 943

52, 154
16, 141
9,214
6, 927

52, 002
16, 022
9,129
6, 893

' 52, 253 ' 52, 654 p 52,800
' 16, 174 ' 16, 438 p 16,504
' 9, 266 ' 9, 547 p 9, 637
r
' 6, 891 p 6, 867
6, 908

714

633
2,814

11,478

2, 437
6, 549
8, 131

617
2, 776
3, 899
11. 464
2, 452
6, 584
8, 221

2, 453
6, 549
8,217

'664
P657
' 2, 783 p 2, 730
' 3, 914 p 3, 930
' 11,452 ' 11, 482 p 11,596
' 2, 450 ' 2, 450 p 2, 455
r
6,611 •p 6, 609
6, 593
' 8, 233 '8,312 ?8,319
' 12, 274 ' 12. 482 p 12,414
' 6, 922 ' 7, 186 p 7, 221
74
73
P74

8,255

7,837

52, 558
16, 580

6, 945

2,800
3,920

8,279

603
316
166
7,813

3,893
11,529

6,617
522
313
170
8, 158

621

2,762

3, 900

r> 3, 122

p 8, 305

r
657
r 2. 792
' 3, 902

8,079

2,418
6, 525
8, 076

11, 465
2, 426
6, 570
8, 083

12,167
7,025

73

12, 299
7,139
73

12, 524
7, 248
73

12, 433
7, 161
72

12. 173
6, 679
71

12, 373
6, 847
74

12, 201
6, 786
73

568
285
317
444
1,037

594
294
318
454
1,052

624
302
321
466
1, 067

627
302
320
464
1, 038

628
305
324
468
628

620
304
329
469
611

612
300
329
458
602

'599
T
295
'327
457
'975
' 493

2, 398
6, 441
8, 056

2, 403
6, 479
8, 074

12. 117
6, 937
73
552
277
316
433
1,015

2,413
6, 48(5

6. 739
73

6, 794

565
282
309
422
943

547
275
313
411
952

537
273
315
413
979

464

469

489

515

529

537

543

521

132

123

119

824
1,038
789
1,208
567
483
119
210
360

820
1,057
791
1, 216
581
475
121
209
350

817
1, 090
796
1,203
568
473
120
213
360

829
1,113
798
1, 226
591
469
123
216
368

840
1, 126
803
1,229
594
464
126
216
372

853
1, 153
814
1,233
600
459
126
219
379

866
1, 167
833
1, 224
598
451
124
224
385

847
1, 149
836
1,207
586
449
121
221
380

815
1, 138
850
1, 132
520
445
117
224
401

841
1, 167
888
1,200
600
445
107
231
417

812
1, 147
893
1, 208
623
435
107
232
420

'800
'843
P853
' 1, 136
1,163 p 1, 178
'882
'893
p 884
' 1,026 ' 1, 185 p 1, 250
'439
429
' 118
232
'232
?231
395
'415
p'377

do
do
do
do
do

5, 190
1, 001
250
148
102

5, 116
950
243
129
159

5,143
943
239
129
159

5,180
945
239
134
158

5,142
958
235
148
159

5,160
974
242
147
160

5,276

5,272
1, 062
245
219
163

5, 494
1, 176
249
315
166

5, 526
1, 162
229
316
165

5, 415
1,080
233

r

1, 030
245
180
162

166

5, 352
*• 1, 032
'244
178
' 166

Tobacco manufactures
do
Textile mill Droducts 9
do
Broadwoven fabric mills
do
Knitting mills
do
Apparel and other finished textile prod___do
Paper arid allied products
do

83
862
372
190
1, 056
443
221
550

79
856
371
186
1,051
440
221
544

76
860
370
189
1,078
440
220
545

72
866
371
193
1.085
441
219
551

70
869
370
196
1,055
443
22]
553

69
874
370
200
1,055
446
223
553

70
883
371
205
1, 068
453
227
555

67
872
368
201
1, 048
449
226
552

90
887
372
210
1, 103
454
2°7
558

98
890
372
210
1, 106
460
227
570

93
885
372
208
1, 100
454
222
570

82
'876
370
2U4
1, 107
'- 452
' 222
570

532
202
159
122
172
325

527
204
160
122
196
334

Fabricated metal productscf
Machinery (except electrical) _
Electrical machinery
Transportation equipment 9
IVTotor vehicles and eciuipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries _
Nondurable goods industries
Food and kindred products 9
IVIeat products
Canning and preservin0"
Bakery products

do
do
do
do
do
do
_
_

do
.do _

Printing, publishing, and allied industries. -do

6, 740
73

r

'539
' 207

' 581

P561

328
P326
'452
P443
' 1, 039 p 1, 044

' 5, 296 p 5, 193
' 990
P938

' 80
' 867

^73
"860

' 1. 1(15 /' 1, 086
' 44U
P443

p 562

-" 538
Chemicals and allied products
_
do
Industrial organic chemicals
do
r 154
p 156
' 154
Products of petroleum and coal _ ___ do _
115
119
Petroleum refining
do
' 209
209
P2Q7
198
Rubber products
do
331
331
329
P330
Leather and leather products
do
Production workers in mfg., seasonally adjusted:
' 12, 169 ' 12, 431 " 12,499
12, 612
12, 600
12, 481
12, 052
12, 303
12, 140
11,979
12. 030
11,941
12,154
Total
'_
'.thousands- - 1.1,884
r
7, 214
7 2"75
7, 162
6, 873 ' 7, 148 p 7, 235
6. 717
7, 028
6,914
6, 783
6, 746
6, 754
6, 708
6, 837
Durable goods industries _
_.
do. _
5, 356
5, 319
5, 337
5, 275
5, 235
5,284 ' 5, 296 r 5. 283 p 5. 264
5, 335
5, 196
5,187
5,176
5,317
Nondurable goods industries
do
Production workers in manufacturing industries:
Indexes of employment:
r
100.5
99. 2
' 100. 9 i> 100. 4
99.4
96 5
98.6
98.4
98.0
100. 0
101.3
98. 4
95.8
96. 5
Unadjusted
_1947-49=100_.
r
•' 100. 5 r> 101. 1
98. 4
102.0
97.4
99.5
98.2
96.5
97.3
101.9
100. 9
96.8
96.1
98.3
Seasonally adjusted
do
Miscellaneous employment data:
Federal civilian employees (executive branch) :
2
2
2
2
2
2
2
1
United States!
.
thousands-- 2. 460. 4 2, 142. 8 2,140.6 2, 142. 6 '2,147.6 2 2, 145.0 2,171. 8 2, 177. 2 2, 192. 1 2, 172. 4 22,176.7 2 2, 200. 3 * • - 2,500.0
209 5
213.0
217 5
211.1
212 7
207 7
208 8
207 3
207 7
207 6
207 3
208 2
1215 5
Washington D C metropolitan area
do
Railroad employees (class I railroads):
870
845
804
814
839
854
839
852
^827
^813
810
879
836
869
Total
thousands .
Indexes:
64.0
63.4
65.5
66. 0
^60. 9
65.2
63.0
62.8
63.8
60.9
60.8
61.6
63.5
P61.7
Unadjusted _
1947-49=100-64.5
64.9
63.9
63.1
62.2
62.4
64.1
62.3
v 63. 1
62.2
65.2
64.3
P 60. 4
61.5
Seasonally adjusted _
_ _ d o _.
r
1
Revised. 2 P Preliminary.
Includes Post Office employees hired for Christmas season; there were about 316,700 such employees in U.S. in December 1958 and about 307,100 in December 1959.
See note marked "1".
9 Includes data for industries not shown.
cf Except ordnance, machinery, and transportation equipment.
ATotal employees, incl. Alaska and Hawaii (thous.): 1959—November, 52,479; December, 52,882; 1960—January, 53,028.
^Employees in Alaska and Hawaii are included effective with
January 1959 arid Aueust 1959, respectively.
For all branches of the Federal Government, civilian employees in Alaska (at the end of January 1959) totaled 13,200 persons and in Hawaii
(at the end of August 1959), 21,900 persons.




514
195

515
196
154
119
199
329

518
197
150
115
199
333

527
199
160
122
202
331

535
200
159
122
176
324

527
206
158
120
203
335

532
208
151
115
204
339

540
208
153
117
212
335

540
207
151
116
212
331

540

SURVEY OF CURRENT BUSINESS

February I960
1858

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 195'* edition of
BUSINESS STATISTICS

December

S-13

1959

January

February

March

A pril

May

June

1960

August Septem- October Novem- December
ber
ber

July

January

EMPLOYMENT AND POPULATION—Continued
INDEXES OF WEEKLY PAYROLLS
Construction (construction workers)
Manufacturing; (production workers)
Mining (production workers)

1947-49 = 100
do
do

184 4
160. 4
109 4

174 7
1 58. 2
108 0

K'O 5
UK) 4
106 2

179 9
165 1
105 3

9Q5 8
167 0
106 5

2'?3 3
169 6
110 7

240 0
174 4
115 4

944 4
170 2
106 5

257 7
164 9
98 4

942 9
169 1
94 3

239 1
165 9
95 9

r 166 8

40. 2
2 6
40.8
2 7
41.9

39.9
2 3
40.4
2 3
41.5

40.0
2 4
40 3
2 4
41 1

40.2
2 6
40.8
2 6
41.3

40. 3
2 0
40. 9
2 6
41.0

40. 5
2 7
41.1
2 8
41.5

40.7
2 9
41.4
30
41.2

40.2
2 7
40 5
2 7
41 2

40. 5
2 9
40 8
30
40 7

40.3
30
40 8
30
41 1

40.3
2 8
40 9
2 8
41 3

39.9
2 6
40 1
2 5
41 3

* 221 8
T

213 5
175 3
110 5

p 175 4

40.5
2 7
41 1
2 8
41 9

p 40.
p2
P 41
t> 3
v 41

40. 3

" 39. 6

41 9
MO 9
MO 9

v 41 4
P 40 4
MO 7

Ml 4
r
41 7
r 41 o

Ml 5
Ml 5
MO 9

MO. 8

M2.8

r 41 2
40 5

Ml 1
MO 1

39 8
2 7

r

104 4

* 39 3
P2 6
P 40 6

HOURS AND EARNINGS
Average weekly hours per worker (U.S. Dept. of
Labor) :
All manufacturing industries
hours. _
Average overtime
do
Durable goods industries
do
Average overtime
do
Ordnance and accessories. _ _
do
Lumber and wood products (except furniture)
hours. _
Sawmills and planing mills _
do
Furniture and
fixtures
do
Stone, clay, and glass products
_ do
Primary metal industries
do
Blast furnaces, steel works, and rolling mills
hours
Fabricated metal products cf-- - -do_ Machinery (except electrical)
do
Electrical machinery
do

r
r
r

4
8
2
o
4

40.3
40.2
41 2
40.4
39 8

39.6
39.3
40 3
40 2
40 0

39.5
39 6
40 4
40 5
40 4

40.7
41.0
40 4
41.0
40 9

40.7
40 8
40 0
41 3
41 2

41.1
41 4
40 2
41.6
41 4

41.3
41.6
40 8
41.7
41.7

40.5
41 0
40 8
41 5
38 5

41.1
41 3
41 7
41 6
39 7

40.7
40 7
41 3
41 0
40 0

40.8
40 7
41 8
41 2
39 9

r
r
T
r
r

38 8
41.2
40 6
40 6

39 5
40.5
40 7
40 4

40
40
40
40

0
4
9
2

40 7
40.8
41 3
40 3

41 0
41.1
41 4
40 2

41 0
41.5
41.6
40 5

41.6
41.9
41.9
40 8

35
41
41
40

36
41
41
40

38
41
41
40

38
41
41
40

r

41.7
43.0
40 9
39.2
40 9
40.4

40.7
41.0
40 9
39.4
40 7
40 1

40.3
40 2
40 8
38 6
40 5
40 1

40.7
41.0
40 7
39.3
40 5
40.0

41.0
41 7
40 8
39. 6
40 8
40 3

40.9
41.7
40.5
39.5
40.7
40.3

41.0
41.5
40 9
39.2
41.2
40.5

40.8
41 3
40 6
39 2
41 1
40 0

40.2
40 2
40 (')
39 0
41 0
40 4

40.0
40 1
40 4
38 4
41 0
40 5

40.6
41 1
40 7
38 3
41 1
40 7

do__ _
do
__ _ _ do ___
do
do. _ _
do

39.6
2.6
41.0
41 4
38.0
40.2

39.3
2 4
40.5
40 7
38.2
39 7

39
2
40
39
38
40

4
4
0
2
6
1

39.5
2. 6
40.2
39.9
38.6
40.1

39.5
2 5
40.2
39 9
39.2
39 7

39.7
2 6
40.8
40.4
39. 2
40.5

39.8
2.7
41.0
40.6
39.3
40.7

39
2
40
41
38
40

8
8
9
0
9
7

40
2
41
40
41
40

1
9
4
8
9
2

39
3
41
43
39
40

8
0
4
1
2
6

39
2
40
43
38
40

5
8
8
3
0
2

39
2
41
43
r
36
40

do
do
do __
do_._

40.1
40 2
40.5
38.6

38.8
39 8
40.2
37.8

38 5
40 3
40 8
38.3

38.1
40 4
40.9
38.4

37.8
40 3
40 8
38.5

38.8
40.4
41.0
38.7

39.3
40.8
41.3
39.2

40.1
40 4
41 1
38.6

40
40
41
39

7
8
6
4

40
39
40
38

9
8
3
3

40
40
41
38

2
5
5
7

r
r

38 2
40 5
Ml 5
r
38 9

r

39 5
40 9

P 38 o
P 40 3

Apparel and other finished textile prod
do
Paper and allied products
do
Pulp, paper, and paperboard mills
do
Printing, publishing, and allied industries. _do

36.1
42 4
43.4
38.4

36 0
42 4
43 5
38.0

36 7
42 4
43 4
37.9

36.5
42 7
43.7
38.3

36 6
42 6
43 8
38.1

36.6
42.9
44.0
38.1

36.7
43.0
44.1
38.1

36 8
43 0
44 4
38.2

37 4
43 1
44 1
38.3

36 4
43 2
44 3
38.8

36 2
42 9
43 9
38.4

r 36 7
42 7
r 44 o
38.3

36 4
r 42 6

P 36 1
p 42 1

38.9

*>38. 5

Chemicals and allied products
Industrial organic chemicals.
Products of petroleum and coal
Petroleum refining _ _ _ _ . _ _
Rubber products
_
Leather and leather products..

41.4
41.1
40 2
40.3
41.9
38.5

41.1
41.0
40.9
41.1
41.1
39.1

41
41
40
40
41
38

2
1
3
6
6
8

41.3
41.0
41.2
40.8
42.0
38.0

41 6
41.1
40 9
40.9
41 8
37.0

41.6
41.5
41.0
40.8
42.1
37.6

41.5
41.6
40.9
40.4
40.3
38.2

41 1
41.1
41 1
40.6
42 5
38.3

41
41
40
39
42
37

2
1
6
9
3
8

42
42
41
41
41
36

3
6
5
1
3
7

41
41
40
40
40
36

6
4
8
2
8
2

41 7
41 6

r 41 8

p 41 4

r 40 3

P 39 9

r 40 8
37 6

P 40 5
P 37 6

40 6
39.7
35.3
38.1

40 1
40.6
34.3
36. 3

39 7
40 8
27.0
35 6

39 9
40.4
27.6
35.2

40 1
39 9
32.2
35 2

40 8
41 1
31.3
36 7

41 6
41 3
30.2
38 8

39 2
36 1
32 5

41
39
27
36

2
4
9
7

40 7
40 '?
31 9
35 2

41
40
30
37

1
4
0
9

40.5
42. 1

41.3
41 5

41 4
41 7

41.2
42.4

40 5
44 3

40.3
44 3

40.2
45 2

41.6
45 1

40 9
45 4

41 1
44 6

40 4
44 3

r 43 9

35.3
37.9
34.6

35.7
38.5
35.0

34 4
36.3
34 0

35.9
39.5
35.0

37 0
40. 1
36 1

37.4
40.6
36.4

38 0
42.1
36 8

37 6
42. 1
36 3

38 3
43 0
36 9

36 6
39 5
35 8

37 0
40 6
36 0

r 35 7
38 9
34 8

42.9
38 6
41.1

42.6
38 3
41.0

42.5
38 9
40.9

42. 6
38 4
40.8

42.9
38 4
40.7

43.2
38 8
40.5

43.6
39 0
41.0

43 2
39 4
41. 1

43 1
39 2
40 9

42 3
40 6
41 3

42 6
S9 9
41 3

r
42 8
r 40 7
T
41 3

40.4

40.2

40.0

40.2

40.1

40.3

40.5

40.6

40 5

40 5

40 5

40 4

38.5
36.6
36. 3
44.0

38.1
34.7
36.4
44.2

37.9
34.4
36 4
43.9

37.9
34.6
36.3
43.8

37.9
34.4
36 2
44.0

37.9
34.2
36.2
43.9

38.3
34.8
36.8
44.1

38.8
35 3
37 4
44.0

38.6
35 3
37 1
43 9

38.1
34 4
36 7
43 7

37.7
34 0
35 9
44 0

37. 5
33 9
35 8
43 7

40.0
39 2
38.3

39.7
39 3
38.5

39.9
39 0
37.4

40.1
39 4
38.1

40.1
39 9
39.5

40.1
40 4
40.2

40.1
40 1
39.7

40 2
39 5
37.9

40 6
39 6
37 7

40 3
39 8
38 8

40 5
39 8
40 0

88 04
96 29
106 43

87 38
94 94
105 00

88 00
95 11
103 57

89 24
97 10
104 08

89 87
97 75
103 32

90 32
98 64
105 83

91 17
99 36
105 47

89 65
96 80
105 06

88 70
95 88
103 38

89 47
96 70
105 22

89 06
96 52
106 55

77.38
75. 17
74. 16
87 26

74.84
72.31
72.54
86 83

74.26
72. 86
72.32
87 89

77.74
75. 85
73.12
90 20

78. 96
76. 30
72.40
91 27

80. 56
78.66
72.76
91 94

82.19
80.70
74. 66
92 16

80. 19
79.13
74. 66
92 13

82.61
80. 95
76. 31
92 35

82 62
79. 77
75.58
91 43

82.42
79.37
76.49
91 88

112 72

115 34

116 60

117 58

118 43

108 19

104 81

10A 4r\

105 74

r 1 07 Rfi

122.00

125. 36

127. 10

127. 10

129. 38

111.29

113.09

118.73

116. 66

r 113.

Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Ship and boat building and repairs. _ _
Instruments and related products
Miscellaneous mfg. industries
Nondurable goods industries
Average overtime
__
Food and kindred products 9
Meat products
_
Canning and preserving
Bakery products
_
Tobacco manufactures
Textile mill products 9
_
Broadwoven fabric mills
Knitting mills

_

do
do
do
do
do
do

do
do
do
do__
do do___

Nonmanufacturing industries:
Mining
_
do
Metal
do .__
Anthracite
.do
Bituminous coal
_ __
_ do Petroleum and natural-gas production (except
contract services) _ _ _ _
_ _ hours
Nonmetallic mining and quarrving
do
Contract construction _
do
Nonbuilding construction. _
do
Building construction. _ ___ _
do
Transportation and public utilities:
Local railways and bus lines..do. .
Telephone
_
do
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade.
do
Retail trade (except eating and drinking places) 9
hours.General merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers. _ _ do
Service and miscellaneous:
Hotels, year-round
_do._
Laundries
do
Cleaning and dyeing plants
___ _
do
Average weekly gross earnings (U.S. Department of
Labor) :
All manufacturing industries
__
_ dollars
Durable goods industries
do
Ordnance and accessories..
do
Lumber and wood products (except furniture)
do liars _ _
Sawmills and planing mills
do
Furniture and
fixtures
do
Stone, clay, and glass products
do

Primary metal industries
do
109 45
110 80
Blast furnaces, steel works, and rolling mills
dollars. . 116.40
120.08
r
Revised.
*> Preliminary.
9 Includes data for industries not shown separately.
c^Except ordnance, machinery, and transportation equipment.




9
0
3
1

6
6
1
5

3
7
1
7

40. 1
40 3
41 1
40 8
38 8
7
1
8
5

37
40
MO
T 40

0
0
2
8

39.2
38 2
r 40 6
38 5
41 0
MO 4
r

r

r

6
7
0
3
9
1

r 41 1

r 41 0

Ml 2
r 3Q 7
T

r

37 3

r 40 7
r 41 7
r

34 0

r 35 S

41 2

r

40 2
39 3
r 39 1

r Ql 94
09 oj

" 92 52

r 109 36

1 1 nL nr

r
r 80. 60
79. 79
r
78. 18
' 75. 21 * 77. 52
T 91 39
r 91 62

r

T 76. 59
P 9i go

88 98
95 44
106 97

10

r

T 1 1A

Xf!

* 78. 01

SURVEY OF CURRENT BUSINESS

S-14
1958

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

December

February 1WO

1959

January

February

March

April

May

.Time

1960

July

August Septem- October Novem- Dec-ember
ber
ber

January

EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average, weekly gross earnings (U.S. Department of
Labor)— Continued
AH manufacturing industries — Continued
Durable goods industries — Continued
Fabricated metal productsc?
--dollars.
Machinery (except electrical) . _
.._.do -. _
Electrical machinery
do
Transportation equipment 9
do
Motor vehicles and equipment
do
Aircraft and parts
do
Ship and boat building and repairs
do
Instruments and related products
do
Miscellaneous mfg. industries
do. . .

96. 00
99. 06
89. 32
110.92
117.82
105. 52
101.53
91.62
75. 95

93. 96
99'. 31
88. 88
106. 63
109. 06
105. 52
102.44
91.17
75. 79

94.13
100. 61
88. 84
105. 59
106.93
105. 67
99.97
91. 13
75. 39

95. 88
102.42
89.06
107.04
109.47
105.01
102. 18
91.53
75. 60

96. 59
103.09
88. 84
107.83
111.34
105.67
101.77
92. 21
76. 57

98. 36
104. 00
89. 51
107. 98
111.76
105.71
101.91
91.98

78.01
84. 46
95. 63
64.98
81.20

77.81
84. 65
95. 65
66. 85
80. 19

78. 01
83. 60
91.73
67. 55
81. 80

79. 00
84.42
93. 77
68. 32
81.40

79. 00
84.42
93. 37
69. 38
80.99

Tobacco manufactures
do
Textile mill products 9
do
Broadwoven fabric mills
_ _ __
do
Knitting mills
_
. _ _ _ . ._ do. ..
Apparel and other finished textile prod
do. Paper and allied products
do
Pulp, paper, and paperboard mills
do _ _ . .
Printing, publishing, and allied industries, do - .._

66. 17
61.10
59. 54
56. 74
54. 87
91. 16
99. 39
101. 76

63. 63
60. 89
59. 09
55. 94
55. 08
91.58
99. 62
99. 94

63. 53
61.66
59. 98
56. 68
56. 15
92.01
99 39
100.44

64. 39
63. 43
62. 17
57. 22
55. 85
92. 66
100. 07
1 02. 64

Chemicals and allied products
Industrial organic chemicals
Products of petroleum and coal
Petroleum refminsr
_ _
Rubber products
Leather and leather products

97. 70
103. 57
111.35
114.86
102 66
61. 22

97. 00
103 73
113.70
117.55
100.28
62. 56

97. 64
103 57
114.86
119.77
101.09
62. 08

105.56
101.24
93. 19
1 15. 82

105.86
103.94
91.24
114.71

108.54
89. 67
109. 43
105.36
1 10. 37

- --do ._
do
- do _
... do _ _
drinking
dollars
do
do - - - do

67.48

67. 14

46. 40
44.69
51.32

45. 66
45.20
51. 98

2.19
2. 12
2 36
2.28
9 54

2. 19
2.13
2 35
2.29
9 ^3

1 92
1.87
1.80
2.16
2. 75

1.89
1.84
1.80
2.16
2.77

Nondurable goods industries
Food and kindred products 9
Meat products
Canning and preserving- _ __ _ _.
Bakery products
-

_-

do
do
do
do .
do

do
do
do
.do. ..
do
do

No n in anuf a cturing Industries :
Alining
do
Metal
do
Anthracite
_ _ _ _
__
do-_
Bituminous coal
doPetroleum and natural-gas production (except
contract services)
dollars
Xonmetallic mining and quarrying..do
Contract construction
_ .
_ -do
Xonbuilding construction
do
Building construction
__
do
Transportation and public utilities:
Local railways and bus lines
Telephone
Gas and electric utilities
- Wholesale and retail trade:
Wholesale trade Retail trade (except eating and
places) 9
General merchandise stores
._
Food and liquor stores
_ . ...
Automotive and accessories dealers

Finance, insurance, and real estate:
Banks and trust companies*
do
Service and miscellaneous:
Hotels, year-round
do _.
Laundries
..
. doC lean ing and dveing plants
do
Average hourly gross earnings (U.S. Department of
Labor) :
All manufacturing industries
dollars. .
Excluding overtime §
do
Durable goods industries
do
Excluding overtime §
do
Ordnance and accessories
do
Lumber and wood products (except furniture)
dollars _.
Sawmills and planing mills ._.
-...do.. .
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
- - do .
Blast furnaces, steel works, and rolling mills
dollars- .
Fabricated metal products cT
do
Machinery (except electrical)
_... .. -do ....
Electrical machinery
do
Transportation equipment 9
Motor vehicles and equipment
•Aircraft and parts
Ship and boat building and repairs
Instruments and related products
Miscellaneous mfg. industries
-

do
do
do
do
do
do

99.72
104.75
90.58
109.06
111.22
107.98
100. 74
94. 35
76. 95

97.17
103. 25
89.02
108. 53
111.10
106. 78
102. 70
93.71
75.60

99.01
102. 34
89.91
108. 14
110. 15
107. 18
102. 57
93.48
76. 76

99. 66
103. 16
90.76
108. 40
111.48
107. 06
99. 84
93.89
76. 95

96. 76
103.82
91.39
109. 62
113.03
108.26
99.20
94. 53
77.33

79. 40
85. 68
94. 54
67. 42
83. 43

79. 60
85.69
94.60
66. 42
84. 25

80.00
85. 48
95. 53
66. 52
84. 25

80.20
84. 87
95. 06
71. 65
83.21

80.79
86. 11
101. 29
67.82
85. 67

79. 79
85. 68
103. 05
65 74
84.42

81.19
80.39
' 87. 74 ' 89. 19
105. 22
' 63 47
85. 01

p 80. 57
P 88. 91

65. 02
63. 27
62.42
57. 37
55. 63
92. 87
1 00. 74
102. 1 1

67. 51
63. 83
63. 55
57. 66
55. 63
93. 52
101.64
1 02. 1 1

67. 99
64. 46
64. 02
58. 41
55. 05
94. 60
102.75
102.87

70. 58
63. 83
63. 71
57. 13
55. 57
95.03
104. 78
103. 52

65. 93
64. 87
64. 90
58. 71
56. 85
95. 68
104.08
103. 79

63. 40
63.28
63.27
57.45
55.69
96.77
106. 32
106. 70

63.92
64. 40
64. 74
57.66
55. 02
95.67
104. 48
104. 83

64.56
64.40
64.74
57.96
56.15
95. 22
104. 72
103. 79

' 67. 15
65.03

P 65. 36
P 64. 48

55. 69
95. 00

P 55. 59
P 94. 30

97. 88
103.73
118. 24
121. 18
103.74
60. 80

9,x. IS
103.98
118.20
1 22. 29
101.57
59. 57

99. 42
105. 83
117. 67
121.58
101.46
60. 54

100.43
106. 91
117.79
120. 39
98. 74
61. 50

100. 28
106. 86
118. 78
121.80
107. 10
60. 90

100. 53
106. 45
116.12
118. 50
105. 33
60. 48

104. 48
112.89
120. 77
124. 53
102. 01
59. 09

101.09
108.05
117.50
119.80
101.18
58. 28

101. 75 ' 102. 41 P 101. 84
' 108. 58
r
118. 90 ' 116.47 p 116. 11
' 124. 01
r
97. 66 ' 101. 59 P 100. 44
r
' 60. 91 P 60. 91
60. 43

106 00
104.45
74.79
1 1 2. 85

106. 13
104. 23
76. 45
112. 29

106. 27
102.94
88. 55
114.75

108.94
106.86
85.45
120.01

111.49
107. 79
82. 75
126.49

103. 49
93.14
79. 20
104. 98

108. 77
97.71
76. 73
120. 74

107. 45
99.29
88. 36
115.81

108. 92
99.38
82 80
123. 55

* 109. 89
r
108. 84
'93 84
' 118. 14

111.92
87.98
111.03
105. 88
111.65

M6.33
88. 82
106.64
100. 19
108. 1?

115.36
90.31
110.57
108.23
110.95

113.00
94. 80
113.59
110.28
114.44

112.84
95. 25
114.82
112.06
115.39

112. 56
98.08
116.66
117.46
116.66

117.31
98. 32
116.56
118.30
116. 16

115.75
100. 33
119.88
121.26
119. 19

116. 72
99.01
115.66
112. 58
116.71

113.12
97.90
117.66
117.74
117.72

117.83
r
95. 90
'113.88
r
110. 87
114. 14

92. 66
81.06
103.57

92. 44
80. 81
103. 32

92. 65
82.47
103. 89

92, 87
81.79
104. 04

93. 95
82. 56
103. 79

95. 04
84. 20
103. 68

95. 92
85.02
105. 37

95.47
86. 29
106. 04

95. 68
85.85
105. 93

94. 33
89. 32
107. 79

94. 57
88. 58
108. 62

' 95. 44
' 89. 95
' 109. 03

88.48

88.44

88. 00

89.24

89. 42

90. 27

91. 13

91.76

91. 53

91. 94

91. 53

91.71

64. 68
48.68
68.24
85. 36

66. 29
48. 23
68.43
87. 07

65. 95
47. 13
69. 52
86. 04

65. 95
47.40
68. 97
86. 72

66.33
47.47
68.78
88. 44

66. 70
47.54
69. 14
89.12

67. 79
48.72
70.29
90. 41

68.68
49.07
72.18
90.20

68.32
49.42
71.23
89.12

67.82
48. 50
71.20
87.40

67. 11
47.94
69. 65
89. 76

66. 38
47.46
' 69. 81
' 88. 71

67. 34

68. 25

68. 06

68. 25

67. 69

68.06

68.07

68. 26

68. 81

' 68. 26

46.28
44. 85
50. 49

46. 1 2
45. 70
51.82

46. 52
46. 28

46.92
47. 27
55! 48

47.32
46. 92
54.79

47.44
46.22
51.92

47.91
46. 33
51. 65

48. 36
46. 96
53. 54

48. 20
46. 90
55. 60

' 48. 24
46. 37
r
54. 35

2. 20
2. 13
2 3f
2.29
9
52

2. 22

K,2

2. 23
2. 16
2 39
2.31
'> 52

2. 23
2. 16
2. 40
2.32
2 55

2 24
2.16
2.40
2.32
2.56

2.23
2.16
2.39
2.31
2.55

2.19
2.12
2. 35
2.27
2.54

2.22
2.14
2.37
2.28
2. 56

2.21
2.14
2. 36
2.28
2.58

1.88
1.84
1.79
2. 17
2.79

1.91
1.85
1.81
2.20
2.82

1.94
1.87
1.81
2.21
2.83

1.96
1.90
1.81
2.21
2.84

1.99
1.94
1.83
2.21
2.84

1.98
1.93
1.83
2.22
2.81

2.01
1.96
1.83
2.22
2.64

2.03
1.96
1.83
2.23
2. 66

2. 02
1.95
1.83
2.23
2.65

2.01
'1.94
'1.83
2.24

3.10
2.37
2.50
2.22

3.09
2.38
2.49
2.22

3.10
2.39
2.51
2.23

3.07
2.36
2.52
2.24

3.00
2.36
2.52
2.24

2 38
2. 31
9

r 101.
r

r

26

94.71
77. 16

2.23
2.16
2.38
2.31
2. 59

r

p 100. 84
p 105. 41
p 92. 84
P 118. 13

r

2. 78

' 96. 00 P 95. 76
' 78. 57 P 77. 79

r

' 106. 59 P 105. 49

' 2. 27
2.20
'2.43
2 35
'2.61

* 2. 29
P 2. 45

P2.61

'1.98

i' 1. 97

' 1. 85
'2.24
' 2. 85

p 1.85
P 2. 26
P 2. 85

'2.41
'2.54
r £ 27

^2.43
P 2 . 54
P2.27

3. 00
2.33
2.44
2.20

3.04
2.32
2.44
2.20

3. 05
2.33
2.46
2.21

3.08
2. 35
2.48
2.21

3. 10
2.35
2.49
2.21

3.10
2.37
2.50
2.21

3.11
2.38
2. 50
2.22

2.66
2 74
2.58
2.59
2.24
1.88

2. 62
2 66
2.58
2.60
2.24
1.89

2.62
2.66
2.59
2 59
2. 25
1.88

2.63
2.67
2.58
2.60
2. 26
1.89

2. 63
2.67
2. 59
2. 57
2 26
1.90

2.64
2.68
2.61
2.58
2.26
1.90

2.66
2.68
2.64
2.57
2.29
1.90

2.66
2.69
2.63
2.62
2.28
1.89

2.69
2.74
2.64
2.63
2.28
1.90

2. 71
2^78
2.65
2.60
2.29
1.90

2.70
2.75
2.66
2. 59
2.30
1. 90

2.67
'2.68
2.66
' 2. 63
2.31
1.91

' 2. 73

P 2 7t>

'2.33
' 1. 94

* 2. 33
P 1. 94

2.00
1.94
2.10
2.34
1.72
2. 06

2.00
1.94
2.09
2.33
1.69
2. 07 :

2.01
1.95
2.09
2.33
1.71
2. 07

2.00
1.93
2.05
2.33
1.71
2. 07

2.03
1.95
2.08
2.35
1.73
2. 11

2.02
1.95
2.10
2.38
1.73
2. 10

2.03
1.96
'2.14
2.43
1.72
2. 12

2.04
1.97
'2.17

P 2. 05

1.98
1.98
2.00
2.00
1.97
Nondurable goods industries
- - - do_
1.92
1.93
1.94
1.91
1.92
Excluding overtime §
do
2.09
2.09
2.06
2.10
2.10
Food and kindred products 9
do
2.34
2.34
2.35
2 31
2.35
Meat products
do
1.75
1.75
1.71
1.77
1.77
Canning and preserving
do
2. 04
2.02
2. 03
2.04
2. 02
Bakerv products
_
do
r
Revised.
p Preliminary,
cf Except ordnance, machinery, and transportation equipment
9 Includes data for industries not shown separately.
tReviscd series (first shown in September 1959 SURVEY); dat i bca-innii ig Jiinuar ^ 1958 :m> calculate* 1 on
Den niber 1957.
§Derived by assuming that overtime hours are paid at the ra te of time and oiuv i n l f .




94. 64
>• 99. 77
' 102. 82 ' 105. 92
' 90. 72 ' 93. 07
104. 66 ' 111.38
r
102 38
' 108. 00

P 2. 19

a dill erent bas is and are not stric ly com pa ruble \vit i publish vl fijmivs through

SURVEY OF CURRENT BUSINESS
1958

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-15

1959

December

January

February

March

April

July

June

May

1960

August Septem- October Novem- December
ber
ber

January

EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average hourly gross earnings (U.S. Department of
Labor)— Continued
A l l manufacturing industries — Continued
Nondurable goods industries— Continued
Tobacco manufactures
dollars
Textile mill products 9
do
Broad woven fabric mills
do
Ivnitting mills
do
Apparel and other finished textile prod
do
Paper and allied products
do
Pulp paper and paperboard mills
do
Printing, publishing, and allied industries. -do
Chemicals and allied products
do
Industrial organic chemicals
do
Products of petroleum and coal
-do
Petroleum refining
do
Rubber products
do
Leather and leather products _ - do..
Nonrnanufacturing industries:
Mining
- do
Metal
do
Anthracite
do .
Bituminous coal
do
Petroleum and natural-gas production (except
contract services)
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
Gas and electric utilities
do
Wholesale and retail trade:
Wholesale trade
do
Ret nil trade (except eating and drinking places) 9
dollars
General merchandise stores
do
Food and liquor stores
do
Automotive and accessories dealers
do
Service and miscellaneous:
Hotels, year -round
_ - do
Laundries
do
Cleaning and dyeing plants
do
Miscellaneous wage data:
Construction wages (ENR): §
Common labor
dol. per h r _ _
Skilled labor
do
Equipment operators
_
- - do Farm wages, without board or room (quarterly)
dol per hr
Railroad wages (average, class I)
do
Road-building wages, common labor (qtrly) - do -

1.65
1. 52
1 47
1 47
1.52
2 15
2 29
2. 65
2.36
2 52
2.77
2.85
2 45
1.59

1.64
1 53
1 47
1 48
1. 53
2 16
2 29
2.63
2.36
2 £3
2.78
2 86
2 44
1.60

1. 65
1 53
1 47
1 48
1. 53
2 17
2 29
2. 65
2 37
2 52
2.85
2 95
2 43
1.60

1.69
1 57
1 52
1 49
1.53
2 17
2 29
2.68
2.37
2 K3
2.87
2 97
2 47
1.60

1.72
1 57
1 53
1 49
1. 52
2 18
2 30
2.68
2.36
2 K3
2.89
2 99
2 43
1.61

1.74
1 58
1 55
1 4()
1.52
2 18
2 31
2.68
2.39
2 55
2.87
2 98
2 41
1.61

1.73
1 58
1 55
1 49
1.50
2 20
2 33
2.70
2 42
2 57
2^88
2 98
2 45
1.61

1.76
1.58
1 55
1 48
1.51
2.21
2 36
2.71
2.44
2 60
2.89
3 00
2 52
1.59

1.62
1 59
1 56
1 49
1.52
2 22
2 36
2.71
2.44
2 59
2.86
2 97
2 49
1.60

1.55
1.59
1 57
1 50
1.53
2 24
2 40
2.75
2.47
2 65
2.91
3 03
2 47
1.61

1.59
1.59
1 56
1 49
1.52
2 23
2 38
2.73
2.43
2 61
2.88
2 98
2 48
1.61

1.69
1.59
1.56
1 49
r
1. 53
^2. 23
r
'2 38
2.71
2.44
2 61
2.90
3.01
2 46
1.62

2.60
2 55
2.64
3 04

2.64
2 56
2.66
3 16

2.67
2 56
2.77
3 17

2. 66
2 58
2.77
3 19

2. 65
2 58
2.75
3 26

2.67
2.60
2.73
3 27

2.68
2 61
2.74
3 26

2.64
2 58
3 23

2.64
2 48
2.75
3 29

2.64
2 47
2.77
3 29

2. 65
2 46
2 76
3 26

2.71
2 12
3.11
2. 75
3. 19

2 81
2 13
3. 10
2.76
3. 18

2 80
2 13
3 08
2.74
3 17

2.79
2 14
3.07
2.75
3. 17

2.80
2 15
3.07
2.76
3.17

2.80
2 17
3.07
2.79
3.17

2.82
2 18
3.10
2.81
3.20

2.83
2 21
3.13
2.82
3.23

2.84
2 22
3.16
2.85
3 26

2 80
2 21
3 18
2.90
3 27

2 17
2.11
2 52

2 18
2. 12
2 54

2 18
2. 13
2 55

2 19
2. 15
2 55

2 20
2.17
2 56

2 20
2.18
2 57

2 21
2.19
2 58

2 22
2. 19
2 59

2 23
2 20
2 61

2 22
2 22
2 63

2 20

2 20

2 22

2.23

2.24

2 25

2 26

2 26

2 27

2 26

1.74
1 39
1.88
1.97

1.74
1 37
1.91
1.96

1 74
1 37
1 90
1.98

1. 75
1 38
1.90
2.01

1.76
1 39
1.91
2.03

1.77
1 40
1.91
2.05

1.77
1 39
1.93
2.05

1.77
1 40
1 92
2.03

1 78
1 41
1 94
2 00

1 78
1 41
1 94
2.04

r

1.16
1. 14
1.34

1. 15
1. 15
1 35

1.16
1. 15
1 35

1. 15
1 16
1 36

1.16
1.16
1 36

1.17
1.17
1 38

1.18
1.17
1 38

1.18
1.17
1 37

1.18
1.17
1 37

1.20
1 18
1 38

1. 19
1 18
1 39

2.504
3 781
3. 378

2. 504
3.792
3.417

2. 503
3 796
3.418

2. 503
3.796
3.424

2. 535
3.818
3.444

2. 549
3.846
3.449

2. 603
3.885
3.483

2. 619
3.904
3. 450

2.624
3 921
3 526

2.624
3 931
3. 540

2. 624
3 931
3 559

2.529

1.03
2.546
1.94

2. 587

2. 531

99
2.530
1.99

2.549

2.537

1 00
2.521
2.14

2. 543

2 542

2 532
2 20

3.3
1.7
2.6
.8
1.3

3.6
1.9
2.8
1.0
1.3

3.3
2.2
3.3
1.3
1.4

3.1

3.7
1.8
1.4

26

4.3

2 0

1.3

4.4
3.0
2.8
1.3
1.0

3.9

3.0

3.6
2.2
2.9
1.3
1.1

3.9

1.8

3.3
1.5
3.1
.9
1.7

1.5

136
58

225
75

200
75

250
90

350
175

400
175

450
185

425
650

425
170

400
100

357
169
2,430

325
150
2,000

475
250

550
300
2,750

700
325

1, 500

2, 750

700
750
9,000

13, 000

P2.74
p 2. 46

' 1.20
1 18
r i 39

2.482
3 764
3.394

2. 74
2.45

2 27

1.68
1 33
1.88
1.94

p 1. 54
P2.24

2 23
2 21
2 64

2. 19

1.53
2.23

2.86
2 22
3 19
'2.85
3 28

2 16
2. 10
2 52

*1.72
r> 1. 60

'2.70
*• 2. 61
2.76
r
3 30

2.68
2 13
3. 10
2.78
3. 19

1.70
1. 59

r

-2.89

P 2. 91

^2.49
1.62

P2.48
* 1.62

2. 627
3. 942
3. 560

2. 638
3 948
3. 563

r

1 77
1 40
1 95
2.03

89

1 05

LABOR CONDITIONS
Labor turnover in manufacturing establishments:
Accession rate, total
mo. rate per 100 employees
New hires
do
Separation rate, total
do _
Quit
do
Lav of!
do Industrial disputes (strikes and lockouts):
Beginning in month:
Work stoppages
number
Workers involved
thousands
In effect during month:
Work stoppages
_
number
Workers involved
thousands
Man-days idle during month- _ _ _ _ _ _ d o _ _ _
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements _ _ _ _ _ _ _ _ _ . thousands _
Unemployment insurance programs:
Insured unemployment, all programs!
do
State programs:!
Initial claims
_ _ _
_ _ do
Insured unemployment, weekly average. ..do
Percent of covered employment cf1 _
Beneficiaries, weekly average
thousands
Benefits paid
mil of dol
Federal employees, insured unemployment
thousands- _
Veterans' program (UCX):*
Initial claims
thousands
Insured unemployment, weekly average. .-do
Beneficiaries, weekly average,.-do_ .
Benefits paid
_ _ _ _ mil. ofdoL.
Railroad program:
Applications
_
thousands
Insured unemployment, weekly average..-. do
Benefits paid
mil. of dol__

2.4
1. 1

2.8

.7

300
140

3.5
2 0
11

350
150

2, 500

1,000

2 5

700
750

22

650
760

14, 000

r

30

2.8

r15
4 1
10
r
2 6

*3.5
p12
v 2.9
» 8
v 1. 6

300
130

200
50

150
20

300
650
4 500

250
100
1,500

432

4.7

14

550
780
14, 000

406

398

378

445

520

555

581

564

570

633

556

465

2,316

2,739

2,596

2,282

1,936

1,593

1,414

1,477

1,451

1,370

1,479

1,853

1 . 086
1,768
4.5
1,708
213 7

973

1,464
3.8
i 1,390
162.0

1.228
1,333
3.5
1,100
142 5

1,011
1,291
3.4
1, 102
133 4

1,203
3.1
1 097
141 8

936

1 197
1,309
3.4
1 050
136 9

1 501
1,677
4 4
1 285
168 3

1 645
1,841
4 8
1 545
219 5

2,180
56

38

34

30

28

28

28

27

28

31

33

38

28
71
68

26
64
65

19
52
53

23
43
43

27
43
39

25
44
42

24
40
39

27
41
36

' 29
48
42

31
53
50
7.0

61

1,910
2,086
5.3
i 1, 739
230 1

1

1,772
2,489
6. 3
2, 166
274 7

1

1,263
2, 368
6.0
2, 157
251 0

34

39

39

33
46
38

32
64
55

29
71
66

5.1

7.1

7.7

22
125

17
122

8
94

19.8

20.3

13.8

1

1,123
2,077
5.3
1,968
250 6

1

880

1,298
3.4
i 1, 182
142 9

8.7

8.5

6.5

5.6

6
76

5
58
9.1

4
39
8.6

21.2

12. 5

8
35

5.3

5.2

87
63

35
79

18.9

27.3

5.2

32
94
26.1

4.8

22
97
25 8

5.3
21
93
21.7

r
!
Revised.
» Preliminary.
Includes operations under Federal employees' program.
9 Includes data for industries not shown separately.
§ Rates as of February 1, I960: Common labor, $2.638; skilled labor, $3.950; equipment operators, $3.572.
!Beginning with the October 1959 SURVEY, data are revised to include operations in Alaska and Hawaii; figures for State programs are also revised to exclude Federal employees*
program (shown separately below) except as noted.
cTRate of covered employment expresses average insured unemployment in each month as a percentage of average covered employment for the most recent 12-month period for which data
are available (the lag for covered employment data may range from 6 to 8 months).
*New series. Data relate to persons eligible for compensation under the Ex-Servicemen's Unemployment Compensation Act of 1958 (effective. Oct. 27,1958).




SURVEY OF CURRENT BUSINESS

S-16
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

February 1000
19(30

19 59

1958
December

Jan liar v

Fobruarv

March

April

May

June

-Tuiy

August Septem- October Xovem- December
ber
ber

Jaiiuarv

FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
mi^ of do^
Commercial and finance company paper, total .do .
Placed through dealers
do
Placed directly (finance paper) *
do

2, 744
840
1,904

1,133
3, 076
875
2. 201

1. 161
3, 322
897
2, 425

1,054
3. 267
883
2.384

1 029
3.334
892
2.512

1,038
3, 555
791
2. 764

983
3,401
729
2, 672

957
3. 552
759
2, 793

946
3, 046
795
2, 851

954
3,334
763
2, 571

945
3. 7S4
755
3.029

1 0'?9
3. 664
784
2,880

1 151
3,118
627
2,491

Agricultural loans and discounts outstanding of agencies supervised by the Farm Credit A dm".:
Total
mil. of dol
Farm mortgage loans: Federal land banks do_ __
Loans to cooperatives
do
Other loans and discounts
_
__ do _

3. 812
2. 089
510
1,214

3, 868
2, 109
519
1, 240

3. 959
2, 1 38
518
1,303

4. 073
2. 175
518
1,381

4,184
2. 206
515
1.463

4. 294
2, 237
513
1. 543

4, 400
2,262
526
1, 612

4, 470
2,282
542
1, 646

4 498
2, 300
549
1, 650

4 511
2.318
576
1,617

4 487
2 333
616
1 538

4, 462
2, 345
642
1,474

4 449
2, 360

238, 975
92. 711
48. 690

221,953
86, 507
44, 505

.195,764
74, 346
39, 635

2^3. 367
84, 710
47. 485

225, 362
88, 049
45, 955

216, 003
80, 725
44, 646

228 601
86, 598
46, 429

235 637
89, 600
48. 422

208 130
75 233
43, 265

9]5 843
81 067
43, 259

230 245
89 51 Q
4f>' 083

217 139
82 273
43. 810

261 121
104 976
51. 763

Federal Reserve banks, condition, end of month:
Assets, total 9
do
Reserve bank credit outstanding, total $
do
Discounts and advances
do
United States Government securities
do
Gold certificate reserves
do

53. 095
27, 755
64
26, 347
19, 951

52, 223
27, 197
462
25.715
19. 892

52. 226
27. 020
632
25, 350
1 9, 893

51, 491
26, 716
327
25, 497
19, 860

52, 346
27, 176
500
25, 703
19,715

52, 200
7 777
'984
25. 905
19, 605

51, 965
27, 337
421
26. 044
19. 416

52 724
28, 569
1,229
26, 543
19, 333

52, 013
28. 181
692
26, 690
19. 227

52 739
27, 865
330
26, 563
19, 203

52 942
28, 469
877
26, 631
19 290

53 555
28, 946
833
26, 922
19, 277

54, 028
28, 771
458
26 648
19, 164

52, 262
27,613
862
25, 464
19 155

Liabilities, total 9
_
__ _ do
Deposits, total 9
- do
Member-bank reserve balances
do
Federal Reserve notes in circulation
do

53, 095
19, 526
18, 504
27, 872

52, 223
19, 943
18,878
27, 163

52, 226
19. 677
18,540
27, 022

51.491
19. 285
18, 192
26. 965

52, 346
19. 542
18. 396
26, 983

52. 200
19, 687
18,459
27, 156

51,965
18, 832
17, 640
27, 402

52, 724
20, 042
18. 905
27, 499

52,013
19, 364
18.245
27, 581

52, 739
19. 223
17, 760
27 515

52
19
18
27

942
924
818
562

53, 555
19, 686
18.415
27 954

54, 028
19,716
18, 174
28 262

52, 262
19, 536
18,396
27 599

Ratio of gold certificate reserves to deposit and FR
note liabilities combined
percent..

42.1

42.2

42.6

42.9

42.4

41.9

42.0

40.7

41.0

41. 1

40 6

40.5

39.9

40.6

All member banks of Federal Reserve System, averages
of daily figures:*
Excess reserves
_
mil. of dol. _
Borrowings from Fed. Reserve banks
do
Free reserves
_ _____
do

516
557
—41

497
557
-59

460
508
—47

461
601
—140

417
676
—258

448
767
—318

408
921
-513

400
957
-557

472
1, 007
-535

410
903
-493

446
905
—459

445
878
-433

482
906
—424

63, 507

62, 791

61, 268

60, 057

62, 016

60, 240

60, 835

62, 214

60 216

60 180

61 239

61 017

T 63 204

60 616

68, 599
4,841
2, 952

65, 168
4,719
2, 904

64, 296
4,583
2, 861

63, 125
4,833
5, 099

64, 249
5, 124
2,934

62, 781
4,761
2,806

64, 473
4, 864
3,056

64, 539
4,699
3,310

63, 014
4 606
3,672

64, 184
4 631
4.279

64 740
4 346
3 477

64, 626
4 782
3,838

67, 641
4 814
3, 139

63, 727
4 921
2,607

30, 375
28, 390
1,800
16, 429

30, 071
28, 101
1. 786
14, 039

30, 128
28, 150
1,800
13, 742

30, 337
28, 371
1, 786
14, 991

30, 388
28,411
1. 798
13. 790

30, 644
28. 628
1,840
14, 058

30, 967
29, 022
1,767
14, 189

30, 754
28. 924
1,652
13, 199

30, 707
28, 965
1 569
13, 964

30. 740
29. 063
1 508
14,015

30 532
28, 963
1 425
13 330

30, 159
28, 704
1 309
13 894

30, 533
28, 969
1 420
14, 346

30, 146
28, 483
1 518
13, 303

44, 821

44, 714

43, 443

43, 474

42, 322

41, 333

40, 125

40, 367

39, 133

38, 229

38, 144

37, 918

37. 294

36, 141

34, 627
2,400
4 325
27, 902
10 194

34, 701
2, 193
3 817
28, 691
10 013

33. 412
2, 351
3 808
27, 253
10 031

33, 123
2, 676
2 854
27, 593
10 351

31,877
2, 160
2 673
27, 044
10 445

31, 095
2, 360
2 372
26, 363
10 238

29, 980
1, 747
2 157
26, 076
10. 145

30, 242
2, 753
1. 850
25, 639
10. 125

29, 057
2 297
1 093
25, 667
10 076

28, 121
1 990
1 033
25, 098
10 108

28, 194
2 096
1 116
24, 982
9 950

28 164 r 27, 468
• 2 243
2 489
1 084
1 123
24, 552 r 24?, 141
r
9 826
9 754

26, 444
2 001
1 203
23, 240
9 697

63, 351
28 482
2,187

63, 820
28 585
2, 106

64 624
28 992
2, 025

65 354
29 481
2, 061

65 244
29 516
2,115

66 335
30 015
2 188

r
68 069
r 30 465
2, 579

66 036
29 970
1,938

1,410
5, 294
12. 198
16, 638

1, 438
5, 439
12,277
16, 644

1 , 438
5, 577
12, 345
16,713

1,355
5, 550
12, 456
16, 539

1,349
5, 271
12,527
16,769

1,329
5 531
12, 574
17 516

Bank debits total (344 centers)
New York Citv
6 other centerscf

do
do
do _

Weekly reporting member banks of Fed. Reserve System, condition, Wednesday nearest end of month :f
Deposits:
Demand adjusted©
mil. of dol
Demand, except interbank:
Individuals, partnerships, and corp
do___
States and political subdivisions
do
United States Government_ do
Time, except interbank, total 9
__
Individuals, partnerships, and corp
States and political subdivisions
Interbank (demand and time)..

-do_ __
do
do
do

Investments, total
do
U.S. Government obligations, direct and guaranteed, total
_ __
mil. of dol
Bills
do
Certificates
do
Notes and bonds
do
Other securities
do
Loans (adjusted), total©
do
Commercial and industrial
do
To brokers and dealers in securities.
do _
Other loans for purchasing or carrying securities
mil. of dol__
To iionbank financial institutions _
do
Real estate loans
do
Other loans __
_ do
Money and interest rates: §
Bank rates on business loans:
In 19 cities
New York Citv
7 other northern and eastern cities
11 southern and western cities

percent
do
do
do

1 194

9

2, 569

2,146

1,939

2, 309

2 226

2,149

1,315

1,362

1,381

1,430

1, 418

1, 742

11,487

11, 505

11, 599

11, 694

11,820

11,669

4
4
4
4

50
29
50
79

4
4
4
4

51
29
4C)
84

r

1
5 27
i 5 14
i 5 28
1
5 46

4.87
4 71
4 90
5 07

6 99

1,467

r
T

r
r
r

1,338
6,187
12, 052
1 7, 475

5
5
5
5

1.312
5,487
12, 625
17,241

36
19
39
56

Discount rate, end of mo. (N.Y.F.R. Bank)_._do
Federal intermediate credit bank loans
do __
Federal land bank loans.
_
do

2. 50
3.64
5. 13

2.50
3.78
5.17

2.50
3.87
5.17

3.00
3.98
5.21

3.00
4.07
5.33

3.50
4.25
5.48

3.50
4.53
5.48

3.50
4.82
5.52

3. 50
5.06
5 60

-1. 00
5. 07
5.71

4. 00
5. 37
5 88

4.00
5 44
5 Q2

4. 00
5 50
6 00

4.00

Open market rates, New York City:
Bankers' acceptances (prime, 90 davs)
do
Commercial Daper (prime, 4-6 months)
do
Finance Co. paper placed directly, 3-6mo.*__do
Stock Exchange call loans, going rate
do

2.75
3.33
2.94
3.75

2.75
3.30
3.05
3.75

2.75
3.26
3.00
3.75

2.88
3.35
3.22
3.75

2.98
3.42
3. 36
3.75

3.17
3.56
3.44
3.96

3.31
3.83
3. 66
4.19

3.45
3.98
3.81
4.25

3.56
3 97
3.87
4.25

4.07
4 63
4.52
4.75

4.25
4 73
4.70
4.75

4 25
4 67
4.38
4.75

4.47
4 88
4.82
4.75

4.78
4 91
5. 02
5.42

Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
do
3-5 year issues
do

2 814
3.65

2 837
3.86

2 712
3.85

2 852
3.88

2 960
4.03

2 851
4.16

3 247
4.33

3 243
4.40

3 358
4.45

3 998
4.78

4 117
4.69

4 209
4.74

4 572
4. 95

4 436
4.87

Savings deposits, balance to credit of depositors:
New York State savings banks
mil. of dol__

20. 044

20. 067

20, 119

20, 334

20, 277

20, 335

20. 483

20, 374

20, 406

20, 551

20, 363

20, 424

20, 651

20, 544

1959 edition of BUSINESS
§For bond yields, see p. S-20.
<|Data are as of end of consecutive 4-week periods ending in month indicated, except June figure which is as of Juno 30 (end of fiscal year).




ection; for loans, exclusion of
valuation reserv-es).

SURVEY OF CURRENT BUSINESS

February 1960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

December

S-17

1959

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

FINANCE—Continued
CONSUMER CREDIT f
(Short- and Intermediate -term)
Total outstanding, end of month

.__

Installment credit, total

mil. ofdol

45, 58G

45, 094

44, 748

44, 925

45, 708

46, 603

47, 522

48, 047

48, 841

49, 350

49, 872

50, 379

52, 046

do

34, 080

34, 029

34, 025

34, 234

34, 762

35, 357

36, 135

36, 757

37, 510

37, 962

38, 421

38, 723

39, 482

do
do
_. do_ do

14,237
8,923
2, 350
8,570

14 271
8, 833
2, 330
8,595

14 339
8,727
2,324
8,635

14 494
8, 691
2, 338
8,711

14 810
8,755
2,364
8 833

15 128
8,887
2,419
8,923

15 566
9, 040
2,467
9, 062

15 923
9, 134
2, 517
9,183

16 288
9, 289
2, 569
9 364

16 470
9,390
2,613
9,489

16 659
9 534
2, 653
9 575

16 669
9, 687
2,683
9,684

16, 590
10,243
2,704
9, 945

29, 097
12, 780
8,740
2, 668
3,384
1, 525

29 178
12, 908
8, 733
2,647
3, 380
1,510

29 238
12, 938
8,724
2, 671
3,377
1,528

29 499
13, 086
8, 780
2,710
3, 378
1,545

30 010
13, 374
8,921
2, 766
3,387
1, 562

30 540
13, 645
9, 089
2, 815
3,394
1,597

31, 245
13, 963
9, 350
2, 895
3,424
1,613

31 861
14, 230
9, 592
2,946
3, 463
1,630

32 540
14, 497
9, 806
3,044
3, 515
1,678

32 954
14, 664
9,949
3,093
3, 542
1,706

33 318
14, 817
10, 071
3,143
3,570
1,717

33, 519
14, 853
10, 117
3, 183
3, 622
1,744

33, 838
14, 922
10, 145
3, 232
3, 764
1, 775

do
do
do
do
do

4,983
1,882
1,128
506
1,467

4, 851
1,805
1, 095
508
1,443

4,787
1,807
1,079
509
1,392

4, 735
1,781
1, 045
513
1,396

4, 752
1,781
1,043
524
1,404

4,817
1,807
1,044
535
1,431

4,890
1,839
1, 052
551
1,448

4,896
1, 826
1, 055
565
1,450

4,970
1 868
1,072
578
1,452

5,008
1 907
1,078
586
1, 437

5,103
1 967
1,089
593
1,454

5, 204
2,045
1,107
592
1, 460

5, 644
2,298
1, 167
588
1, 591

_ ___ _

Automobile paper
Other consumer goods paper
Repair and modernization loans
Personal loans
_ _

_

By type of holder:
Financial institutions, total
Commercial banks
_
Sales finance companies. _. _.
Credit unions
_
Consumer finance companies
Other
Retail outlets, total ._
Department stores
Furniture stores
_
Automobile dealers
Other

do
do
do_ _.
do
do
do
.

_

do

11, 506

11, 065

10, 723

10, 691

10, 946

11, 246

11,387

11, 290

11,331

11.388

11, 451

11, 656

12, 564

do
do
do

3, 646
5, 060
2, 800

3, 599
4, 619
2, 847

3, 697
4, 098
2 928

3, 755
4, 004
2, 932

3,812
4,160
2,974

3, 925
4, 359
2,962

3, 991
4,446
2, 950

3, 954
4,407
2,929

4,034
4 365
2,932

4,084
4,390
2,914

4, 050
4, 525
2,876

4,117
4, 614
2,925

4, 176
5, 351
3, 037

do
do
do

3, 646
5, 060
2,800

3,599
4,619
2,847

3, 697
4,098
2,928

3, 755
4, 004
2,932

3,812
4, 160
2, 974

3, 925
4,359
2, 962

3,991
4,446
2, 950

3, 954
4,407
2, 929

4,034
4,365
2,932

4,084
4,390
2,914

4,050
4,525
2,876

4,117
4,614
2,925

4, 176
5, 351
3,037

do
do
do
do

4,393
1, 378
1, 433
1,582

3, 369
1,254
925
1,190

3, 290
1, 266
860
1, 164

3, 830
1,491
995
1,344

4, 073
1, 598
1,090
1,385

4,092
1. 580
1,128
1,384

4, 454
1,780
1,173
1, 501

4, 315
1,720
1 , 109
1,486

4,193
1 627
1, 123
1,443

4, 061
1 515
1, 123
1,423

4,185
1, 564
1,198
1,423

3,928
1,313
1,172
1,443

4, 686
1,293
1,61 6
1, 777

do
do
do
do

3, 635
1, 305
962
1,368

3,447
1,231
1, 023
1, 193

3,294
1, 198
966
1,130

3, 621
1,336
1.031
1, 254

3, 545
1,282
1,026
1,237

3,497
1, 262
996
1, 239

3, 676
1,342
1, 020
1,314

3, 693
1, 363
1, 015
1,315

3, 578
1,318
993
1,267

3. 609
1,333
1, 022
1, 254

3,726
1, 375
1,054
1, 297

3, 626
1,303
1,019
1, 304

3, 927
1,372
1, 060
1, 495

do
do
do
do

3, 757
1, 431
1, 000
1, 326

3, 862
1, 445
1,101
1, 316

3, 849
1, 465
1,064
1, 320

3, 802
1,431
1,074
1,297

3,981
1,524
1,144
1, 313

4, 105
1, 530
1, 158
1, 417

4, 024
1, 505
1,129
1,390

4,152
1,554
1,152
1, 446

4, 128
1, 535
1,137
1, 456

4, 164
1,517
1, 137
1,510

4, 212
1,619
1,123
1, 470

r
r
T
r

4, 083
1. 46(5
1, 133
1, 484

4, 046
1 377
1 , 146
1 523

do
do
do
do

3,442
1,270
962
1,210

3,460
1,259
980
1,221

3, 510
1, 289
992
1,229

3, 458
1,277
986
1, 195

3,541
1, 296
1,014
1,231

3, 629
1,318
1,015
1,296

3, 544
1,290
994
1, 260

3, 637
1,334
1, 012
1,291

3, 635
1, 325
1,012
1,298

3, 662
1,316
1, 046
1,300

3,700
1,341
1, 051
1,308

r
r

3 700
1.311
1 069
1,320

3 776
1, 361
1 066
1,349

6,848
6, 180
78

4, 956
4,528
76

8, 1 52
6, 576
70

10, 722
8, 426
89

6,375
4,258
85

8,155
5, 425
89

11,247
10, 154
94

3, 936
3, 246
94

7,418
5, 679
87

9, 552
8 486
99

3, 626
3,023
9C

7 152
5 897
94

8, 350
7 582
99

do .
do
do
do

2,512
2,419
441
1,397

2,944
424
321
1,192

5, 202
362
1,281
1,237

2, 938
5, 459
857
1,378

4,002
477
558
1,255

4,813
410
1,488
1,355

4,241
4, 786
696
1,430

1,603
568
332
1,339

4,346
368
1,321
1,296

4,100
3,311
704
1,338

1, 468
491
278
1,299

4,444
405
965
1,244

2,733
3, 180
527
1,811

do
do
do
do _
do

7,080
647
440
4,212
1,781

6, 776
675
445
3,693
1,963

6,331
630
440
3, 596
1,795

6, 461
649
441
3, 864
1,507

6, 427
652
361
3,898
1, 516

6,164
650
433
3,642
1,439

8,631
689
431
4,474
3,037

6,557
728
406
3,772
1,651

6,305
724
400
3,710
1,471

6,357
718
428
3,783
1,428

6, 868
7?2
405
3,980
1,751

6,598
743
424
3,643
1,788

6,844
800

do _
do
do
do
do

282, 922
280, 839
235, 999
44, 840
2,084

285, 801
283, 808
239, 901
43, 907
1,993

285, 104
283, 243
239, 373
43, 870
1,861

282, 034
280, 089
236, 149
43, 940
1, 945

285, 353
283, 497
240, 220
43, 278
1,856

286, 303
284, 473
240, 271
44, 203
1,830

284, 706
281,833
237, 078
44, 756
2,873

288, 682
285, 840
241, 779
44, 061
2,842

290, 396
287, 599
242, 876
44, 723
2,797

288, 296
285, 486
241, 086
44, 400
2,810

291, 253
288, 478
244, 882
43, 596
2,775

290, 589
287, 742
244, 160
43, 582
2,847

Obligations guaranteed by U.S. Government, end
of month
.
mil. of dol
U.S. Savings bonds:
Amount outstanding, end of month
. _ do
Sales, series E and H§
do
Redemptions
.
do

109

106

112

119

107

108

111

110

111

116

118

124

127

130

51, 878
370
586

51, 624
486
867

51, 520
383
584

51, 379
414
653

51, 190
350
624

51, 027
338
586

50, 834
323
634

50, 536
350
775

50, 287
309
647

50, 012
300
668

49, 715
358
742

49, 552
332
588

48, 647
377
1, 404

48, 273
420
964

107 580

108 145

108 583

108 945

109 430

109 928

110 424

111 152

111, 646

111 846

112, 405

1 12, 904

54, 286
7 182
2,691
15 242
3,832
22.198

54, 857
7 485
2 744
15 306
3 817
22. 348

55, 038
7 414
2,774
15 332
3,812
22. 531

55, 151
7, 229
2,840
15 403
3,809
22. 680

55, 472
7 251
2,889
15 439
3,798
22. 880

55, 730
7,235
2, 968
15,484
3,798
23. 009

55, 993
7,246
2,991
15,515
3,796
23. 194

56, 284
7,259
3,085
15, 527
3,792
23. 342

56, 477
7, 354
3,115
15 536
3,794
23. 395

56, 430
7,169
3,130
15, 540
3,792
23. 479

56,623
7,147
3,138
15,555
3,796
23. 643

56, 700
7,016
3,154
15, 630
3,795
23, 738

T^oninstallment credit, total __

_

Single-payment loans.
Charge accounts
Service credit
By type of holder:
Financial institutions
Retail outlets
Service credit

_

Installment credit extended and repaid:
Unadjusted:
Extended, total
_
Automobile paper
Other consumer goods paper
All other
_
_ _
Repaid, total
Automobile paper
Other consumer goods paper ...
All other
Adjusted:
Extended, total __. _
Automobile paper
Other consumer goods paper
All other

.
_

Repaid, total
Automobile paper _ _ _
_
Other consumer goods paper
All other
_ _

FEDERAL GOVERNMENT FINANCE
Budget receipts and expenditures:
Receipts, total
_ _
__ __ mil. ofdol
Receipts, net
do
Customs
_ _ _do
Individual income taxes
Corporation income taxes
Employment taxes
Other internal revenue and receipts
Expenditures, total
Interest on public debt
Veterans' services and benefits
Major national security
_
All other expenditures

_

Public debt and guaranteed obligations:
Gross debt (direct), end of month, total
Interest bearing, total
Public issues
Special issues
_
Noninterest bearing

_
_

_

4,231

290, 798
287, 704
244, 197
43, 506
3, 094

291,085
288. 086
245. 456
42, 630
2, 999

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 utilitv ( U S )
do
Railroad ( U S )
do
Industrial n,nd misnollanpnus (TT S.")
rln

r
Revised.
f Revised series (to adjust to 1958 benchmark data, to incorporate other changes, and to include data for Alaska beginning January 1959 and for Hawaii beginning August
1959). Revisions for installment credit extend back to June 1956; those for noninstallment credit/back to January 1947. For revisions prior to October 1958, see the November 1959 Federal
Reserve Bulletin.
§Data for various months through September 1959 include minor amounts due to late reporting or adjustments on discontinued series (F, G, J, K).
{Revisions for January-October 1958 will be shown later.




SURVEY OF CURRENT BUSINESS

S-18

Unless otherwise stated, statistics through 1958 and 1958
descriptive notes are shown in the 1959 edition of DecemBUSINESS STATISTICS
ber

February HKK)

19 59

.January

February

March

April

May

June

July

August

s

°Cn" °<>tobor

November

3. 591
1 697
1 852
38, 744
35 936

3,630
1 716
1,871
38, 984
36, 169

December

FINANCE—Continued
LIFE INSURANCE— Continued
Institute of Life Insurance© — Continued
Assets, all U.S. life insurance companies— Con.
Stocks (book value), domestic and foreign, total
mil. of doL.
Preferred (U.S.)
do
Common (U.S.)
_ do
Mortgage loans, total
do
Nonfarm
_ _ _ d o ..
Real estate
do
Policy loans and premium notes
do
Cash
do
Other assets
_ _ ._ _ ._ _ . do __
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :J
Value, estimated total
mil of dol
Group and wholesale.
. do.
Industrial
do
Ordinary total
_do_ _
New England
Middle Atlantic
East North Central
West North Central
South Atlantic
East South Central

do. .
do
do
do
do
do

West South Central
do
Mountain.,.
do...
Pacific (incl. Alaska)
do.
Institute of Life Insurance:
Payments to policy-holders and beneficiaries, estimated total
mil. of dol
Death benefits
do
Matured endowments
__
. do ._
Disability payments.
do
Annuity payments
_
Surrencler values
Policy dividends. ... _ _ _ _
Life Insurance Association of America:
Premium income (39 cos ) Quarterly total
\ccident and health
Annuities
Group
Industrial
Ordinary

__do.
do
do ._
do
do
do
do
do
do

3. 376

1 043
1 , 697
37, 092
34, 425

3, 365
1,640
1,689
37,211
34, 510

3, 387
1,639
1,709
37, 350
34, 635

3,421
1,643
1,739
37, 486
34, 753

3, 439
] , 647
1, 752
37, 602
34. 851

3, 459
1,654
1 , 764
37. 737
34, 958

3, 486
1, 663
1,783
37, 894
35. 094

3, 547
1 659
1, 845
38, 108
35, 335

3, 557
1 670
1,845
38. 282
35, 496

3 387
4 186
1 , 363
3, 890

3.393
4 225
1,282
3,812

3,414
4 253
1, 225
3,916

3, 450
4 284
1,211
3,942

3, 469
4 317
1, 187
3.944

3 493
4 346
1. 197
3. 966

3, 522
4 380
1,200
3,949

3 583
4 389
1 185
4,056

3 603
4 423
1 204
4, 100

3
4
1
4

624
464
173
096

3 631
4 511
1 195
4 110

3 673
4 555
1 228
4. 134

7, 169
2, 185
535
4, 449

4, 791
780
490
3, 521

5, 154
904
567
3, 683

5, 896
793
636
4, 467

5.718
835
575
4, 308

5, 593
754
633
4, 206

6, 097
1.091
598
4, 408

5 492
703
541
4,248

5 475
986
541
3, 948

." 353
' 928
558
3. 867

5 780
1 041
585
4 154

6 078
1 , 275
579
4,224

7 784
2.487
527
4, 770

270
994
865
368
532
200

230
833
698
289
412
155

232
835
716
307
459
170

278
1 004
879
363
563
211

261
951
869
351
536
200

255
921
836
345
526
202

266
960
861
361
546
214

269
903
852
364
530
190

249
841
778
333
510
186

235
795
769
325
500
195

256
882
825
340
547
197

282
953
828
324
546
200

313
992
928
3*5
604
9
22

443
21.3
564

355
140
407

373
159
433

449
183
538

426
189
525

427
189
505

449
201
550

422
189
529

386
173
492

389
173
486

407
180
518

395
180
516

483
297
614

746. 2
264 5
88.8
9.7

i 665. 4
267. 8
65. 9
11.4

595. 3
246.9
54. 9
9.8

674. 0
278.0
58.4
10.0

625. 2
261. 4
54. 2
10.0

582. 0
241.3
48.7
10.1

635. 9
265 7
51.9
10.0

586. 9
247 1
47.4
9.9

567 8
245 2
44. 2
9.3

604 5
59 5
46. 3
9 4

592 2
244 9
50. 3
10 1

591 5
044 5
49.9
9.4

47.5
135 8
199.9

67. 5
118.7
134.1

54.7
117. 5
111.5

52.9
137. 5
137.2

54.2
131 9
113.5

52.9
119.2
109.8

55. 8
128 6
123. 9

54. 6
124 7
103. 2

52. 3
112 5
104. 3

53 4

54 3
124 4
108. 2

54.8
116 6
116. 3

2 786 8
465. 7
337. 5
314.4
227. 3
1, 442. 0

-'2 818 4
466 6
2 338. 4
289.4
244 5
1, 479. 4

2 684 2
491. 5
251. 2
318. 1
188 3
1,435. 1

3. 566
1 684
1 840
38, 493
35 69S

1

9

]91 1

114.8
'> 708 9
491 7
295 7
319 6
184 5
1 417 5

MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of mo.)
Net release from earmark § _
Exports .
Imports

mil. of dol
_ do
thous. of dol
do

Production, reported monthly total 9
do
Africa __ .
__
_
do.
Canada
do
United States.. . ...
_ _
._
do. ..
Silver:
Exports
do
Imports
do
Price at New York
dol. per fine oz_.
Production:
Canada
thous. of fine oz
Mexico
__
do
United States... ___
_ _
do .
Money supply (end of month, or last Wed.):
Currency in circulation
bil. of dol
Deposits and currency, total
do
Foreign banks deposits, net
..do
U.S. Government balances
do
Deposits (adjusted) and currency, totalt
do
Demand deposits, adjusted^
do
Time deposits, adjusted^
do
Currency outside banks
__do
Turnover of demand deposits except interbank and
U.S. Government, annual rates, seas. ad justed :f
New York City
ratio of debits to deposits.
6 other centers^
do
337 other reporting centers
_
do

19,705
-491.7
76
15, 477

19, 626
-98.1
244
25, 726

19, 524
-176.3
142
75, 943

19. 491
-35. 2
115
54 687

19 585
51.9
62
'>3 616

19,566
— 71.4
418
47, 931

(54, 200
13,300
4,100

64, 900
12, 500
4, 600

65, 900
13, 200
5, 300

66, 200
1 2. 200
4, 200

66, 400
12 700
3, 800

66, 900
13, 900
3, 500

13, 600
3,400

2, 160
3, 772
.914

1, 246
5, 241
.914

270
5, 894
.914

2,981
4, 826
.914

119
7,892
.914

1 756
5 369
.914

184
4 °19
. 914

138
3 445
.914

2,782
3, 600
2,823

2, 692
3, 691
2, 946

2,499
3, 256
2, 641

2, 677
3,838
3,219

2, 868
3,994
2,609

2, 519
3, 696
1,472

2 447
3,310
390

3,072
4,408
510

2,333
635

756

31.1
247.1
3.7
5.7

31.3
246.7
3.9
5.1

31.3
249.8
3.7
5.8

31.6
249.4
3.7
6. 4

31.9
249. 4
3.6
5. 6

31.9
251. 4
3.4
6.0

32.0
251. 1
3.3
6.9

31 8
252 1
3.3
7. 5

31 9
251 7
3.1
6 4

32 5
250 9
3.0

32 6
255 2
3.2

239.8
113.8
98.4
27.6

237.7
111.3
98.7
27.7

237.6
110.3
99.5
27.9

240.3
112.5
99.9
27.9

239. 3
110.7
100. 4
28.1

240. 1
110.7
101.0
28.3

242.0
112.7
100. 9
28.4

240.8
111.1
101. 2
28.5

241.4
111 4
101. 5
28.5

242.2
112.7
101.1
28.3

' 53. 6
••31.2
r
23. 6

r 53. 5

' 52. 4
<• 31. 8
'• 24. 0

r
33. 1
' 24.7

r 56. 6

r
T
r

r

* 53. 1
32. 1
r 24. 6

r
r

r
r

r
r

20, 188
20, 305
- 127. 5 -136.5
69
230
9. 805
3, 280

20, 534
-79.3
56
12, 278

20, 476
— 65.6
0
10,272

20, 479
-13.0
198
10, 048

20. 442
-48.0
203
18, 499

83, 600
57, 700
13, 200
5, 900

83, 400
,59, 500
13,200
4,200

81, 200
57, 800
12,500
4. 100

84, 600
61,200
13,200
3,800

86, 300
62, 900
13,200
3, 800

90
9,219
.899

134
5, 356
.902

99
6, 172
.904

103
5 220
.914

2, 954
3, 880
3,426

3, 094
3, 680
2, 330

2, 265
3, 315
2,827

32.2
252.0
3.9
5 6

31.1
249. 6
3.8
6.0

242.6
115. 5
98.3
28.7
r
52. 3
r
31 5
' 23. 7

'31.5
'24. 2

56. 2
32.6
24. 5

57. 3
33. 1
• 24. 7

56. 3
33. 1
^24.7

57. 6
32 1

r
r
r

60. 1
32 8
24. 7

r

19 456
—112.0

.914

r

n 9

242.4
113. 1
100. 3
29. 1
•-60.1
r
33 6
r
25. 3

»• 246. 1
116 1
101.4
28.8

r

.914

250 3
28
4 8

242.
113
101.
28

6
7
1
0

60 1
P 33 3
P25 1

PROFITS AND DIVIDENDS (QUARTERLY)
Manufacturing corporations (Fed. Trade and SEC):O
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
T

4, 036
320
78

3, 821
258
80

4, 858
317
110

3, 821
355
105

148

43
136

81
166

93
158

2
Revised.
» Preliminary.
1 Data (in total and components) for Alaska are included beginning January 1959; for Hawaii, beginning September 1959.
Revisions for 3d quarter
1958 (mil. dol.): Premium income total, 2,604.3; annuities, 284.2.
0See footnote " V for p. S-17.
{Includes data for Alaska; for 1957-58 revisions to include Alaska and other changes, see p. 24 of the December 1959 SURVEY (1958 mo. avg. for total insurance written should read $5. 573
million).
§ Or increase in earmarked gold (—).
9Includes data for the following countries not shown sepaiately: Mexico; Brazil; Colombia; Chile (through February 1959 only); Nicaragua; Australia; and India.
fThe 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.
fRevised series, replacing unadjusted lates shown prior to this issue of the SURVEY and incorporating two major changes. See the January 1960 Federal Reserve Bulletin for details and
data back to January 1950.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
OEffective with the July 1959 SURVEY, estimates are based on the latest revised (1957) Standard Industrial Classification Manual and, for most industries, are not comparable with
previously published data. Comparable data for 1st quarter of 1958 are available upon request.




SURVEY OF CURRENT BUSINESS

February 1900
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

December

S-19
I960

1959

January

February

March

April

May

June

July

August Septem- October Novem- December
ber
ber

January

FINANCE—Continued
PROFITS AND DIVIDENDS— Continued
Manufacturing corporations©— Continued
Net profit after taxes— Continued
Chemicals and allied products
mil of dol
Petroleum refining
do
Stone clay and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery and transport equip ) mil of dol
Machinery (except electrical)
do
Electrical machinery equip and supplies
do
Transportation equipment (except motor vehicles,
Motor vehicles and parts
4.11 other manufacturing industries

do
do

Dividends paid (cash) all industries
do
Electric utilities, net profit after taxes (Fed. Res.)

476
783
147
124
324

494
658
104
135
374

607
621
231
174
552

562
656
215
116
—89

133
219
301

100
223
246

164
400
296

187
345
291

95
441
390

71
523
374

88
592
459

61
2^9
540

2 050

1,839

1 856

1 , 862

390

469

385

39'>

Transportation and communications (see pp. S-23 and
S-24) .
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes total
Corporate
Common stock
Preferred stock
By type of issuer:
Corporate total 9
Manufacturing
Extractive (mining)
Public utility
Railroad
Communication
Financial and real estate

1,899

5, 780

2, 132

1,921

.511

1, 787

2,275

1,452

1, 688

1,749

' 4, 122

r

1, 735

1,982

do
do
do
do

1,644
746
204
51

5, 618
724
126
36

1,843
481
234
55

1,723
457
151
47

4,202
619
217
92

1,582
624
167
38

1,978
614
254
43

1, 334
433
93
26

1,558
623
117
13

1, 605
592
120
24

' 3, 844
'644
'231
'48

' 1, 500
'659

1, 796

do
do
do
do
do
do
do

1,000
241
14
281
11
104
162

885
169
19
302
21
35
226

770
132
4
191
24
63
116

656
100
10
336
7
10
107

928
290
9
320
17
16
143

829
266
25
348
20
6
108

910
236
15
317
20
22
100

552
155
9
173
9
8
118

753
146
14
194
19
36
228

736
216
23
111
5
57
161

'923
' 103
'22
'348
'23
128
' 145

do
do
do

899
370
448

4,894
3,971
639

1, 362
420
881

1,266
443
637

3, 583
2,583
940

958
338
569

1, 364
323
995

900
350
457

935
309
523

1,013
300
520

' 3, 200
2, 574
587

mil of dol

Noncorporate total 9
U S Government
State and municipal
New corporate security issues:
Estimated net proceeds, total
Proposed uses of proceeds:
\ow money total
Plant and equipment
Working capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer):
Long-term
Short-term
_

do

983

869

754

640

908

809

890

538

do
do
do
do
do

820
542
278
63
100

794
490
304
29
46

600
461
139
9
145

539
405
135
9
92

832
612
220
9
66

764
556
208
17
27

814
557
257
15
60

480
305
175
7
51

367
310
19
42

408

do
do

448
243

639
190

881
428

637
295

940
563

569
411

995
245

457
246

357
3,431
1, 159
2, 306

374
3,452
1, 226
2, 221

374
3, 410
1, 196
2, 186

379
3,458
1, 257
2,195

359
3, 567
1,205
2,408

364
3,549
1,188
2,411

363
3,546
1,094
2,483

91.28
91. 41
80. 88

90.99
91.12
81.67

91. 60
91. 72
82.14

91.03
91.16
82.27

90.02
90.14
82. 63

89.60
89. 64
87.42

98.7
102.3
88. 90

98.1
101. 8
87. 54

98.0
102.2
87. 38

98.2
103.4
87.37

97.0
102.2
86. 21

165,314
158,556

173, 645
173, 744

144, 550
139, 007

199, 318
175, 922

163, 671
156,751

170, 334
164,981

142, 666
137, 114

135, 872
0
135,872
129, 349
6, 523

148, 943
1
148, 942
142, 361
6, 577

105, 866
103, 266
1,475
115,981
112,965
1, 823

r

' 173

'61
'893
' 121
r
12
"•251

'6

'264
' 171
'841

783
134
52
969
179
17
351
3
72
216
1, 013

' 458

380
476

332

899

'873

950

12
44

' 799
'633
r
166
' 11
r
89

'803
'633
' 170

886
631
256
14
50

523
467

520
399

587
•J35

427
342

383
3, 528
1, 079
2, 433

374
3,424
1, 035
2. 416

377
3, 406
1. 039
2, 380

300
3,378
967
2.405

3 438
2 493

375
3,427
997
2, 583

89.17
89.19
87.88

89.32
89.36
87.08

88 22
88.22
87.24

87.71
87.79
81 80

88.85
«8. 95
81 61

88.42
88 52
81 32

87.48
87. 56
81. 18

95.0
100. 4
85.31

94.0
99.4
85.16

93.8
99.4
85,00

94.3
100.6
85.11

93.0
98.3
83. 15

92,8
100. 1
84. 95

92.9
100 9
84.82

92.4
99.3
83.00

168, 307
152, 583

157, 377
138, 914

149, 949
140, 655

147, 625
140, 515

135, 448
131, 301

156, 380
153, 568

143, 838
145, 716

142, 252
146. 631

173,204
177, 574

196, 941
173, 466

165, 266
149, 690

155, 137
136, 747

147, 850
138, 682

146, 184
138, 794

133, 845
129, 438

154. 805
151, 824

141,290
143, 316

139, 702
144, 516

170, 098
174, 505

121, 667
0
121, 667
114,413
7, 254

150, 585
0
150, 585
143, 741
6,844

137, 284
0
137, 284
131, 689
5,595

119, 101
0
119, 101
114, 538
4,553

121, 943
0
121, 943
115, 870
6,072

121, 325
0
121, 325
115, 512
5,813

110,616
0
110, 616
105, 166
5, 449

145, 137
0
145, 137
140, 018
5, 119

123, 333
()
123, 333
118,668
4, 665

130, 050

155, 742

130, 039
124, 668
5, 371

155, 742
150, 433
5, 309

106,401
103, 768
1, 515

107, 215
104, 573
1, 525

106, 638
103, 966
1, 564

106, 004
103, 343
1,574

106, 396
102, 770
2,539

105, 872
102, 219
2,569

106, 135
102, 511
2,538

103, 924
101, 253
1,585

103, 473
100, 826
1,573

106,899
104, 223
1,589

106, 499
103, 826
1, 582

105, 422
102, 723
1. 617

116, 934
113,883
1,855

117,052
1 14. 009
1,856

117, 142
114,053
1,901

117, 751
114,652
1,905

118, 746
114, 647
2,905

118, 725
114, 607
2,923

118, 822
114,711
2,914

117, 895
114,776
1,922

117, 967
114, 846
1.923

120, 319
117, 171
1,947

120,441
117,291
1, 945

120, 508
117,311
1, 992

737

721

8
'62

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
Monev borrowed

mil of dol
do
do
do

372
974

Bonds

Prices:
Average price of all listed bonds (N.Y.S.E.),
total §
.
dollars
Domestic
do
Foreign. _
do
Standard and Poor's Corporation:
Industrial, utility, and railroad (A 1-f issues):
Composite (21 bonds) cf
dol. per $100 bond
Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxablelf
do
Sales:
Total, excluding U.S. Government bonds (SEC):
All registered exchanges:
Market value
thous. of dol
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales, face value, total §
thous of dol
U S Government
do
Other than U S Government total§
do
Domestic
_
do
Foreign
do
Value, issues listed on N.Y.S.E.:
Market value total all issues §
mil of dol
Domestic
do
Foreign
do
Face value total, all issues §
Domestic
Foreign
_
.
r

__

do
do
_ d o

11

81.81.

0

Revised.
GSee corresponding note on p. S-18.
9 Includes data not shown separately.
§Data include bonds of the International Bank for Reconstruction and Development not shown separately; these bonds are included in computing the average price of all listed bonds.
cf Number of bonds represent number currently used; the change in the number does not affect the continuity of series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.




SURVEY OF CURRENT BUSINESS

S-20
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959

1958
December

February 1060

January

February

March

April

May

June

1960
July

August Septem- October Novem- December
ber
ber

January

FINANCE—Continued
SECURITY MARKETS— Continued
Bonds— Continued
Yields:
Domestic corporate ( Moody 's)
percent- By ratings:
A aa
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

4.38

4.41

4.43

4.40

4.47

4.60

4.69

4.72

4.71

4.82

4.87

4.85

4.87

4.91

4.08
4.18
4.42
4.85

4.12
4.22
4.43
4.87

4.14
4.24
4.43
4.89

4 13
4.23
4 40
4.85

4 23
4.32
4 45
4.86

4.37
4.46
4.61
4.96

4 46
4.56
4 71
5.04

4 47
4.58
4 75
5.08

4 43
4. 58
4. 74
5.09

4 52
4. 69
4 87
5.18

4 57
4.76
4 87
5.28

4
4
4
5

4
4
4
5

4
4
4
5

4.24
4.39
4 52

4.28
4.43
4 53

4.31
4.46
4 51

4.28
4 43
4 51

4.35
4 49
4 56

4.46
4 67
4 67

4.55
4 77
4 76

4.58
4 79
4 79

4.80
4 77
4 56

4.68
4 89
4 88

4.70
4 95
4 96

4 69
4 86
4 qq

4 70
4 86
5 05

4 74
4 92
5 08

3.40
3.84
3.80

3.45
3.87
3.90

3.29
3.85
3.92

3.33
3.76
3.92

3.50
3.84
4.01

3.61
3.97
4.08

3.81
4.04
4.09

3.59
4.04
4.11

3.72
3.96
4.10

3. 72
4.13
4. 26

3.55
3.99
4.11

3 60
3.94
4 12

4 05
4 27

4 37

Cash dividend payments publicly reported:
Total dividend payments
mil. of dol_. 2, 139. 0

56
70
86
26

58
74
89
28

61
77
93
34

Stocks

Finance
M anuf acturing
Mining
Public utilities:
Communications
Electric and gas
Railroad
Trade
Miscellaneous

- -..

873.7

387.1

1, 798. 6

810.7

317.9

1, 821. 1

852.9

331.2

1,884.6

833.2

383.0

2, 385. 3

961.6

do
do
do

268.9
1, 337. 5
141.0

192.3
269. 6
7.8

134.4
118.0
2.5

123.7
1,184.6
105. 4

156. 2
275. 8
8.5

71.4
124.5
32

130.4
1,210.0
108 3

177.4
276. 5
7 6

75. 7
127.8
2.5

169. 5
1,217.4
106 3

160. 6
276. 3
80

103.4
153. 5
2 5

323. 6
1. 502. 9
121 4

242.1
290.2
10 6

do
- do
do
- --- do
do

73.4
161. 7
73.8
50.8
31.9

175. 1
100. 5
29.8
88.2
10.4

1.4
93.4
6.1
23.1
8.2

72.1
156. 6
81.2
45.0
30.0

175.8
105.7
21.0
60.2
7.5

1.6
94.8
2.5
13.3
6.6

73.2
160.3
62.1
48.0
28 8

192.8
107.9
17. 7
65.4
7 6

1.5
96.5
5.5
13.7
8.0

83.5
165. 9
60 0
49.9
32. 1

193.3
104.4
20 2
60.5
9.9

1
97
4
12
7

87
171
78
59
40

6
0
8
3
7

195. 1
105 8
32 8
72 9
12 1

5.24
5. 64
2.57
3.40
3.77
4.23

5.27
5.68
2.59
3.40
3.78
4.23

5.35
5.72
2.59
3.40
3.78
4.23

5.35
5.72
2.59
3.40
3.81
4.23

5.39
5.75
2.60
3.40
3.81
4.23

5.41
5.80
2.60
3.40
3.81
4.26

5.41
5.80
2.60
3.37
3.81
4. 26

5.41
5.80
2.60
3.37
3.81
4.31

5.39
5.77
2.62
3.41
3.81
4.33

5.39
5. 77
2.63
3.41
3.82
4.33

5.45
5.85
2. 63
3. 48
3.82
4.33

5.56
6.01
2.64
3.48
3 82
4. 33

5. 56
6 01
2.64
3 53
3 QO
4 40

5.58
6.04
2 67
3. 53
3 96
4 40

156. 81
177 75
66. 37
73. 89

156.98
176 93
66. 66
74.82

156. 96
175 43
67. 40
75.48

155.86
174 47
68.12
73.93

163. 87
184 82
67. 24
76 95

166.31
188 58
66. 28
77.47

164. 71
187 48
64. 25
78. 55

170. 35
196 07
66. 49
77. 38

169.21
194. 70
67. 39
74.35

161. 30
184 64
65. 69
71.49

162. 37
186 60
65. 51
70.24

164. 47
18° 96
65, 38
68. 39

169. 29
19". 43
65. 77
70 94

1 56. 75
178 05
64. 67
67 98

3.34
3.17
3.87
4.60
4.00
2.54

3.36
3.21
3.89
4. 54
3.92
2.51

3.41
3.26
3.84
4.50
3.69
2.48

3.43
3.28
3.80
4.60
3.95
2.53

3.29
3.11
3.87
4.42
3.98
2.57

3.25
3.08
3 92
4.39
3.73
2.67

3.28
3.09
4.05
4.29
3.77
2.71

3.18
2.96
3.91
4.36
3. 57
2.67

3. 19
2.96
3.89
4.59
3.57
2.74

3.34
3.13
4.00
4. 77
3.73
2.97

3.36
3.14
4.01
4.95
3.70
3.03

3.38
3. 16
4.04
5.09
3.57
2.83

3
3.
4
5
3
2

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 ( 1 0 stocks) _ _ _ .
. . do
Price per share, end of month (200 stocks) 9 - --do
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
do
Yield (200 stocks)
Industrial (125 stocks)
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
Insurance (10 stocks) _ ___ _

.. percent _
do
do
do
do
do __

_ _ _ _
_ _.
.

5
7
3
3
8

28
OS
01
03
38
72

Earnings per share (at annual rate), quarterly:
Industrial (125 stocks)
dollars
Public utility (24 stocks)
do
Railroad (25 stocks)
do

10.70
3 63
9.52

Dividend yields, preferred stocks, 14 high-grade
(Standard arid Poor's Corp.)
.percent- _

4.63

4.54

4.52

4.48

4.51

4.68

4.79

4.75

4.70

4.80

4.81

4.81

4 85

196. 91
566. 43
88.09
155. 00

206. 21
592. 29
91. 66
163. 87

205. 02
590. 72
91.03
161. 69

210.19
609. 12
93. 68
162. 56

212. 12
616.99
92. 58
165.30

214. 78
630. 80
91.33
166. 54

212. 34
631. 51
86.70
164. 46

221.03
662. 81
89.10
169. 09

219.84
660. 58
91.24
163. 24

210. 97
635. 47
87. 67
155. 38

212. 04
637. 34
87.87
157. 51

211. 25
646. 43
86. 56
150. 26

217 52
671.35
87 09
153.79

3. 56
3.39
4. 13
5.19
3.68
2.70

Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
_ Public utility (15 stocks)
Railroad (20 stocks)
___
Standard and Poor's Corporation:
Industrial, public utility, and railroad: <f
Combined index (500 stocks)
1941-43=10.Industrial, total (425 stocks) 9
._
Capital goods (129 stocks)
_
Consumers' goods (196 stocks)
Public utility (50 stocks)
Railroad (25 stocks)
_ _ _
Banks:
N Y City (12 stocks)
Outside N.Y. City (17 stocks)
Fire insurance (17 stocks)
--

53.49

55.62

54.77

56. 15

57. 10

57.96

57.46

59. 74

59. 40

57. 05

57.00

57.23

59. 30
58.98
44. 65
43. 96
35.53

58. 33
59. 33
44.23
43. 71
35.20

59.79
61. 67
45. 10
45. 06
35.47

60. 92
62.10
45. 87
45. 12
35.94

62.09
64.81
47.12
44. 30
36. 07

61.75
65.52
47.09
42. 58
36. 02

64.23
67.82
49.82
44.77
36. 86

63.74
66.73
49.11
45.15
35. 56

61.21
64.16
48.15
43.59
33.78

61.04
64. 25
48.22
44. 11
34.32

61.46
64.63
48.81
43.71
32. 80

63
67
49
44
33

do
do
do

24. 03
48.16
33.42

24.56
50. 35
34. 96

25. 23
50. 08
34.78

26.30
52.09
35. 60

24.70
51.37
34.22

25.15
50. 47
33.39

25.77
51.15
31.66

26. 98
53.00
33.28

27. 25
53.46
33.57

26. 72
53.02
31.56

26. 31
53.81
30.60

26.93
54.75
31.17

29 47
56 59
33 19

4,982
166, 968

3,790
133, 963

5, 308
186, 246

4,805
149, 631

4, 901
146, 658

4,325
123, 504

4,670
133, 148

3,572
102. 919

3, 372
97, 364

3, 591
103, 766

4,020
120, 394

4 528
141 308

4,195
105, 627

3, 143
80, 357

4, 330
108, 433

3, 934
91,630

4,119
95, 517

3,676
82, 027

3,929
91, 386

3,026
69, 705

2,875
67, 534

3, 069
72, 810

3,407
83, 884

3 767
90 021

83, 253

65, 793

82, 450

75, 887

70, 969

64, 351

70, 889

51, 052

57, 518

61,330

64, 558

72, 244

280, 826
5,075

282, 105
5, 089

283, 202
5, 106

294, 256
5, 163

299, 044
5, 270

298, 785
5.463

309, 520
5,502
'

304, 569
5,510

290, 564
5,629

295. 165
5, 658

299,112
5, 733

307, 708
5 847

214. 81
655. 39
86.78
156. 15

59.06

57. 09
56.84
43.31
42. 05
33.70

Shares listed, New York Stock Exchange:
Market value, all listed shares
mil. of dol _ 276, 665
5,017
Number of shares listed
millions

Revised.
*> Preliminary.
§For bonds due or callable in 10 years or more.
9 Includes data not shown separately.
cfNumber of stocks represents number currently used; the change in number does not affect continuity of the series.




8.00
3 77
3.67

do _.
do
do
do
do _

Sales (Securities and Exchange Commission):
Total on all registered exchanges:
4,368
Market value
mil. of dol
146, 227
Shares sold
thousands
On New York Stock Exchange:
3,682
Market value
mil. ofdoL.
96, 124
Shares sold
thousands
Exclusive of odd lot and stopped sales (N.Y.
Times)
thousands. _ 75, 018

T

11.60
3.75
8.12

10.30
3 69
4.12

56
14
97
31
57

63, 932

SURVEY OF CURRENT BUSINESS

February 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958
December

S-21

1959
January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES
BALANCE OF PAYMENTS (QUARTERLY)

Imports of goods and services total
Merchandise, adjustedjcf
Income on foreign investments in U S
Military expenditures
Other service-so* _

of dol
do
transof dol
do
do

6, 673
531

5 866
485

6 398
600

4,176
913
1,053

3, 798
635
948

4,061
669
1.068

4 032
721
1,130

do
do
do
do
do _

Exports of goods and services, total
mil
Military transfers under grants, net .
Merchandise, adjusted, excluding military
actions!]!
_
_mil
Income on investments abroad
Other services and military transactions

5, 425
3,517
188
838
882

5 422
3, 604
180
801
837

5 992
3 885
193
821
1,093

6 162
3 852
215
765
1,330

Balance on goods and services

do

+1,248

+444

+406

Unilateral transfers (net), total
Private
_ __
Government

do
do
do

— 1, 147
-142
— 1,005

— 1,104
-140
— 964

—1 175
— 138
— 1 037

—126

U.S. long- and short-term capital (net), total
Private
Government
Foreign long- and short-term capital (net)
Gold sales [purchases ( — )]
Errors and omissions

do
do
do
do
do
do

-892
— 726
— 166
+531
+347
—87

-472
—383
89
+819
+96
+217

-2, 395
—752
- 1 643
+2, 066
+741
+357

-652
—431
221
+1, 165
+167
+128

FOREIGN TRADE
Indexes
Exports of U.S. merchandise:
2 30
Quantity
1936-38-100
613
Value
do
218
Unit value
do
Imports for consumption:
220
Quantity
_ __
-do
599
Value
do
273
Unit value
_
do
Agricultural products, quantity:
Exports, U.S. merchandise, total:
152
Unadjusted
1952-54—100
124
Seasonally adjusted
do
Cotton find, linters), seas, adj
do
67
Imports for consumption, total:
118
Unadjusted
do
107
Seasonally adjusted
_ __
do
126
Supplementary imports, seas, adj __
do _. _
99
Complementary imports, seas, adi
do
Shipping Weight
Water-borne trade:
7, 031
Exports, incl. reexports§
__.thous. of long tons
15,057
General imports
do
Value
Exports (mdse.), including reexports, total f
mil. of dol- - 1,513.6
By geographic regions:A
46.8
Africa
__ __
do
250. 8
Asia and Oceania
__
_ do
384.0
Europe
_
_
do

260
568
219

237
519
219

270
591
219

272
596
219

291
630
217

266
578
217

275
596
217

261
568
218

275
601
219

599
219

203
553
272

200
543

231
621

219
589
269

224
608
971

240
651
271

223
603
270

214
581
272

243
658
271

216
592
274

r 29?

142
133
53

115
111
52

135
125
78

134
139
76

152
1 55
82

142
161
77

152
198
100

136
170
63

162
171
107

169
153
135

199
167
199

103
90
106
81

113
106
109
104

127
111
113
110

118
102
103
101

114
121
110
131

105
108
110
106

96
107
118
98

116
126
118
133

140
154
122
179

86
99
89
106

90
104
101
105

7, 650
14, 739

6, 149
13, 995

7. 023
15, 503

7.327
12, 392

8, 624
14, 159

8,162
17, 552

10, 110
13,860

1, 400. 4 1,280.2

r

8,948
13, 879

p 273
P ftoo
p 219

616
r 277

255
698
274

3
3

8, 309
15, 619
1, 674. 5

1, 456. 3

1,468.0

1, 551. 8

1,396.7

1, 479. 0

1, 476. 2

58.3
248.4
366. 2

36 3
227. 7
304 8

80.9
263 9
337.2

52.8
24(5. 1
351. 4

55 1
254.4
365 6

67 2
253. 6
332 0

49 6
249 2
372 4

52 6
240. 6
366 9

51 0
240 1
445 3

49 1
251 4
400 9

^3 8
268 5
497 i

66. 6
305.2
514.9

278.0
166. 5
205. 3

262. 0
142.9
170.7

274.7
136.5
144.6

321.2
141.7
167.1

327.1
151.0
165.4

349.5
149.0
185.4

353. 9
149.2
158 0

320 9
153.0
168 1

297 6
138.0
160 7

302 9
147. 1
173 9

324 6
157. 9
152 9

286 8
150. 1
154 8

306. 5
153. 0
174.0

4.5
17.8

3.6

3.5

18.0

14.6

3.7
19.6

10.5
18.3

11.7
19.4

10.2
18.8

18 3

6.1

10.0
20.0

5.7
16 9

95
17 8

12 6

17 8

18.8
21.2

13.3
2 0
38 5

16.0
2 3
51 2

14.2
2 2
38 2

15.3
2 4
51 7

15.4
2 6
42 0

18.5
29
40 7

17.9
2 4
41 9

21 3
2 8
35 3

30.3
2 2
29 2

31.0
31
25 2

30 0
28 8

32 3
2 3
24 9

24.5
27
30 0

do
do
do

81.0
4 8
25.0

75. 7
3 5
16.5

72 8
3 6
16.6

73.3
4 5
20.8

70 8
4 8
24.9

71 8
4 4
26 9

80 5
7 5
22 9

70 1
81
22 4

90 3
4 7
25 8

121 3
80
25 6

33 2

27 5

0

0

23 2

52.0

30 7
3
56 9

20 9
4
56 9

23 5
(i)
61 4

97 9
Q

52.3

28 2
(i)
60. 4

21 7

62.7

62 0

63 5
4 4
24 7
27 5
(i)'
65 1

73 5
70
24 5

do
do
do

73.5
50
23.7
94 6
(i)
56. 5

66 1

30 7
(i)
79 o

53 0
(i)
87 2

Italy
Union of Soviet Socialist Republics.
United Kingdom,.
__ _ _
North and South America:
Canada

do
do _ _ _
do

35.3

36.4

25 7

32 2
.1
68 9

31 8
.4
61 2

36 0
6
60 2

30 3
1
62 5

41 ?
1
120 7

33 8
3
89 3

31 3
3
84 1

46 3
2 8
97 4

do

Latin American Republics, total?

do _ _

Northern North America., _ _ _ _ _
do
Southern North America
___ do
South America
do
By leading countries: A
Africa:
United Arab Republic (Egypt Region), _do
Union of South Africa
_
do
Asia and Oceania:
Australia, including New Guinea. _ _ do _
Colony of Singapore
_ _
do
India and Pakistan
do
Japan __ __
Republic of Indonesia
Republic of the Philippines
Europe:
France
East Germany
_
West Germany .

Argentina
Brazil- __ _
Chile
__ _

_

_

__

_

,

do
do
. -do

1

1,425.7 -'1,468.6

o

2 9

1,478.6

1.5

.9

67. 0

61.8

34.5
.1
50. 9

28 7
.4
60 2

278.0

262. 0

274.7

321. 1

327. 1

349.5

353. 9

320. 9

297.6

302.8

324.5

286.8

306. 5

350. 5

293. 0

260.5

289. 0

296. 6

312.6

288.7

301.2

279.2

298.8

290.5

282 8

303 4

30 6
58.1
10 7

18 1
41 6
10 4

15 3
29 1
11 1

13 2
46 2
10 8

14 2
36 2
10 4

15 8
43 3
14 2

18 6
28 4
10 3

92 9
27 4
11 4

26 2
30 8
95

23 0
35 7
11 6

16 4
25 5
11 1

91 9

25 7
31 5
150

1.4

85.5

30 4
10 9

Colombia
do .._
'3. 9
16. 4
14.2
15.4
20. 2
17.4
17.2
18.4
18.0
17.6
15.6
15.2
19 9
Cuba _
do
40. 5
3° 7
38 1
31 1
X> 8
40 1
33 4
36 6
39 6
38 7
41 6
40 7
31 4
71.8
Mexico
do- _
59. 9
55. 6
57 8
5f>. 9
63 2
62 1
65. 4
57.4
66. 6
60.4
69. 1
Venezuela .
_
do
09. o
54 4
69 6
54 5
( 3. 4
6)9. 7
65 7
60. 9
55. 8
63 0
03 0
F,6 1
58 0
r
2
Revised.
* Preliminary.
i Less than $50,000.
Include^ can>oveis of approximately $15 million fiom May and June; appropriate amounts are included in components
3 Re\ision« for ScMen bci 1%8 (unit- ^ ibo\e;: ExpoiK 9,019, nnpoits, 13,.7J5.
tyiui'-ted toi bal-mce-ot p u m e n t s purposes, mamh toi \aina* ton, cc^euue, and tmnng. cfKxcluJos m i h t p i y expenditures
§ Eve-hides "special category" shipments and all commodities- exported uml^r toreisn-aid programs as D f j m tit'ent oi Defense controlled cargo.
IData include shipments (militaij- and economic aid) under the Mutual S(curit\ Pi oar an. Total MSP military shipments (including, since early 1956, also "consumables and construction" shipments) are as follows (mil. dol): December 1%>-December 1959, respectively- 1.«.0; 114.5; 96.7; 81.2; J25.1; 140.9; 78.1; 114.6,97.1; 79.7; 83.7; 102.2; 105.2.
AExcludes "special category" shipments.
9Includes couutiies not shown sepaiately.




SURVEY OF CURRENT BUSINESS

S-22
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959

1958

December

Februarv 1960

January

Fehruary

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

INTERNATIONAL TRANSACTIONS OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value — Continued
1 , 493. 6
Exports of U.S. merchandise, totalf
mil ofdol
By economic classes:
161.4
Crude materials. __ _
do ._
124. 1
Crude foodstuffs
do
90.9
Manufactured foodstuffs and beverages
do
191. 9
Semimanufactures 9 _ - -- __ _ . __ _
do __
925.2
Finished manufactures 9
do
By principal commodities:
337. 5
Agricultural products, total cf
do
Cotton, unmanufactured
_
Fruits, vegetables, and preparations
Grains and preparations
Packinghouse products.
Tobacco and manufactures

do
do
do
do _ _ _
do

1, 384. 8

143.4
130. 0
78.6
189.2
843. 6

1, 266. 0 1,441.3

1,452. 1

1 , 535. 3

1,409 5

113.3
107.8
65.8
175.8
803.3

134.0
120. 1
76.7
191.9
918. 6

131.9
113 4
78.8
203. 6
924.5

141.1
131 2
90. 6
214.9
957. 5

133.6
122 1
92.1
203.3
858.4

138.6
137 9
96.1
213.5
867 8

130.6
117 2
99 3
208.3
828 7

186
114
102
226
834

2
4
4
7
5

1, 454. 0 1, 384. 1

1,464 2

1, 460. 5 1, 462 4

1, 658. 8

184.7
107 2
108 7
183.5
876 5

232. 5
117 1
94 4
193.6
824 7

245.3
126.2
92.3
260.0
935.0

310.0

249.5

292.0

296. 5

325. 1

304. 9

327 2

298 2

361 2

359 8

405 9

420.0

39.8
28.7
119.5
19.1
43.0

30.0
23.4
130.1
23.7
26.4

26.5
24.5
104.7
20.0
18.8

36.3
27.3
118. 6
21.4
31.8

31.7
29.5
111.0
20. 6
24.6

31.1
33.1
129.8
22.4
26. 5

29.7
37.5
122.5
22.4
26. 1

15 9
32.2
132.5
23.8
26 0

11.6
35.6
119.5
23.5
39.2

26 0
33.5
111 3
25 9
81 8

46 2
44.6
103 0
27.0
44 2

78 0
34.4
108.0
27.2
44 7

89. 1
29.8
123.9
24.0
50.9

1,156.1

1,074.8

1,016.4

1,149.3

1,155.6

1,210. 1

1, 104.6

1, 126. 7

1, 085. 9

1 103 0

1 100 7

1,056.5

1. 238. 8

do
do
do
__do_ -

127.7
113.5
31.8

Me. 8

104.0
115.2
34.3
'47.0

104.2
110.0
25.6
>• 45. 8

118.0
192 9
29.9
r
53. 2

118.1
119. 5
31.9
'54. 5

118.3
130.1
34.2
r
55. 5

105.2
121.2
29 4
r
60. 2

101.1
122 9
36.8
'56.0

83.5
123 1
39.8
r
36. 9

89 7
139 6
36 5
r
31.5

107.2
119 3
32.4
' 29.9

101.3
109 9
27.0
'36. 1

99.4
152.4
29.8
54.0

do

313.9

287. 8

291.2

326.9

354.0

356. 3

329.2

319 4

308. 1

316 9

326 1

301. 1

341.4

do
do
do
do
do

8.3
17.8
92.8
35.7
143.0

8.5
22.3
70.1
29.3
142.9

10.8
25.8
71.9
25.4
142.3

14. 1
31.7
81.2
27.1
158. 1

16.2
33.8
80.8
32.0
166. 5

15.8
35.1
88. 6
32.4
169.6

16.3
34.9
74.8
24 2
164.4

15 1
32.3
78 0
21.7
157 4

11 7
27.5
77.9
24.9
152.2

9
33
81
22
156

6
0
5
2
2

8 2
28.7
89 2
22.3
160 9

8.9
23.8
79.4
22.8
150.7

8.8
26. 1
84.1
27.3
174. 5

39.4
47.7

40.8
44.6

35.7
42.8

39.2
53.5

45.2
49.3

42.7
54.4

42.0
47.8

42.8
47.4

38.3
52.1

39 0
58.7

38.5
58.4

31.2
58.5

44.6
66.8

_ do ..

1,253.4

1,154.2

1,118.1

1,300.9

1,220.9

1,263.8

1 , 369. 4

1, 248. 4

1, 189. 8

1,391.8

1,204.8

1, 283. 2

1.477.8

do
do
do___

53.5
209.8
353. 6

43. 6
216.7
339. 6

47.9
198. 1
312.4

59. 7
240.7
370.6

57.0
239. 0
376. 6

42. 3
231.4
393. 9

49.8
264. 8
399. 7

43.8
246. 0
406. 7

40.6
253. 4
341.6

58.8
288 4
424.7

35.0
255.3
368.5

51.3
242.9
402.5

60.7
264.4
471.7

Northern North America
do
Southern North America
__ _ do __
South America
do
Bv leading countries:
Africa:
United Arab Republic (Egypt Region)
do
Union of South Africa
do
Asia and Oceania:
\ustralia, including New Guinea
do
Colonv of Singapore
do
India and Pakistan
do
Japan
do
Republic of 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

233.0
161. 1
242.5

184.9
163. 7
205. 7

193.9
160.8
205. 1

227.9
175.1
226. 9

234.5
139.7
174.2

264. 7
138.2
1 93. 3

301.6
143.3
210.1

267. 6
122. 9
161.3

249. 5
103.2
201.5

254 9
112.3
252 5

284.0
86.0
176. 0

291.7
106.9
187.9

288.8
140.9
251.3

.3
10.7

4.5
7.8

.7
10.6

6.6
9.0

1.1
10.4

.4
7.6

.4
11.1

1.9
9.4

.4
5.9

2
89

.1
8.9

.2
14.3

.3
14.8

10.6
4.1
20.7
66.3
16.4
15.5

10.8
3.6
20.3
66.6
17.6
19.9

18.8

11.7
2.6
22.0
83.1
12.6
27.4

19.8
1.6
23.0
79.5
15.9
25.8

16.7
1.7
21.9
78.1
13.6
27.8

18.3
2.5
20.3
88.9
22.9
29.4

17.3
2.4
20.0
91.3
15.1
30.9

17.3
2.5
19.6
88.4
14.0
34.4

22.5
2 0
20.3
99 3
17.8
36.0

15.8
3.0
18.5
95.9
15.3
25.5

14.1
1.8
19.3
95.9
12.6
21.1

20.7
2.4
21.0
107.8
15.0
14.7

36.2
.6
65. 5
31.9
.6
84.3

32.1
.4
65.2
26.8
4 2
82.0

28.6
.3
60. 1
25.2
3.1
79.9

34.3
.3
70.6
28.6
2.3
89.7

33.8
.3
75.2
29.2
1.5
95.7

43.4
.3
75.2
31.9
1.0
102.5

42.0
.9
80.2
32.5
1.8
98.0

43.5
.6
80.7
33.6
2.0
106. 7

37.8
.2
66.8
34.5
2.3
85.6

42.5
.3
87.3
34.0
3.6
102.9

36.2
.2
75.6
35.2
2.5
94.0

42.9
2
82.5
32.2
1.0
96.6

45.0
2
99.4
44.0
3.0
103. 6

Nonagricultural products, totalcf

do

Automobiles, parts, and accessories
Chemicals and related products!
Coal and related fuels
Iron and steel products© _
Machinery, total§cf
Agricultural
Tractors, parts, and accessories _
Electrical
Metalworking§
_ __ _
Other industrial
Petroleum and products
Textiles and manufactures
General imports, total
By geographic regions:
Africa
Asia and Oceania _
Europe..

_

do
_do .
_

_

Latin American Republics, total o71
Argentina
Brazil
Chile
-_ _ - _ _ _ _ _ _
Colombia
Cuba
M^exico
Venezuela
Imports for consumption, total
By economic classes:
Crude materials
_
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures
By principal commodities:
Agricultural products, totalc?
Cocoa (cacao) beans incl shells
Coffee
Rubber crude including guayule
Sugar
Wool and mohair unmanufactured
Nonagricultural products, totalcf
Furs and manufactures
Iron and steel products©*
Nonferrous ores metals and mfs totalcf
Copper incl ore and manufactures
Tin, including ore
Paper base stocks
Newsprint
Petroleum and products

12.5

2.9
16. 6
60.4
18.1

233.0

184.7

193.8

227. 9

234.5

2C.4. 5

301.4

267. 5

249. 3

254. 4

283.9

291.4

288. 7

354.1

313.7

316.9

345.2

286. 9

306. 1

322.2

259.4

280.7

334.2

235.0

261.8

353. 0

do
do
do do
do
do
do
do

17.1
69.4
19.3
25.9
35.9
43.2
87.5
1, 229. 1

12.0
43.3
20.9
22.8
29.3
46.3
84.7
1,134.5

8.6
52.5
15.5
28.4
32.9
49.9
82.1
1,113.3

13.2
60. 8
17.0
23.9
43.6
53.2
91.8
1,274.0

10.9
49.5
15.6
22.7
50.1
42.6
61.4
1,209.0

12.1
53.8
15.8
30.8
49.7
40.4
62.4
1,247.3

15.7
38.5
17.3
31.4
54.4
34.9
86.9
1 , 335. 5

8.6
31.5
15.1
28.0
56.2
27.2
57.6
1, 236. 1

9.7
70.6
14,7
27.4
43.6
24.8
60.7
1, 190. 7

10.1
82.1
21.7
43.8
43.1
25.6
66.1
1,348.7

8.8
42.0
16.1
25.0
20.1
24.6
62.6
1,214.6

do
do
do do
do

266.6
192.6
128.3
259.9
381.7

262.7
145.4
120.1
242.5
363.7

243.8
165.6
110.8
255.5
337.6

255.7
176.4
130.3
303.9
407.7

236. 6
153.9
142.6
258.2
417.8

246. 0
161.0
142.1
261. 5
436. 6

287.9
136. 6
147.7
306. 1
457.2

244.8
116.2
149.1
270.8
455.2

251. 8
144. 9
137.0
253.8
403.1

264.6
190. 6
162. 9
274.3
456.3

267.4
113.6
118.3
256.9
458.4

252.8
129.2
109.9
299.5
471.1

283.3
189.5
127.9
322.7
508.1

do
do
do
do
do
do
do
do
do
do
do
do _.
do
do _
do

369.4
34.1
103.5
30.8
32.1
18.0
859.7
21.4
30.8
81.5
20.8
9.2
28.4
54.3
166. 7

328. 4
18.3
79.6
32.7
35.9
21.3
806.1
15.1
29.6
81.3
15.3
13.1
29.5
43.2
158.5

333.8
12.7
108.2
29.5
37.7
18.7
779.5
10.0
30. 8
70.7
16.2
9.5
27.2
44.2
166. 7

370.8
14.8
106. 0
28.9
47.5
23.8
903.1
9.8
35.3
91.4
20.8
10.2
26.7
51.7
173.4

353.7
15.6
84.3
26.2
46.6
21.9
855.4
8.5
44.8
86.4
17.2
9.4
29.5
54.1
102.6

360. 8
16. 5
93.0
28.4
51.5
21.0
8S6. 5
7.9
49.8
91.9
20. 6
8.9
27 7
60.3
98.9

336.8
14.9
74.3
29.1
52.3
18.7
998. 7
8.9
55.2
111.0
26. 6
19.7
29.9
59.5
142.2

317.1
9.4
61.6
32.1
58.1
15.2
919.0
6.5
59.4
94.8
19.9
5.7
29.9
54.2
93.9

351.6
9.4
99.5
32.0
48.3
14.7
839. 1
4.5
49.1
87.7
22 2
5.5
28.5
54.9
102.8

418.6
14.4
136. 7
35.0
50. 5
20.7
930.1
5.9
54.5
94 3
31.1
14.4
28.2
58.8
115.6

277.1
59
65.7
36.7
22.9
18.0
937.4
4.2
56. 6
93 3
21.9
8.6
29.0
58.9
112 1

284.3
10.2
74.5
37.2
17.9
12.0
978.2
5.7
76.0
105. 7
42.3
7.6
32.0
60.9
122.9

367.2
23.0
113.3
35.7
26.2
18.1
1,064.3
21.0
82.8
111.4
43. 5
7.4
28 3
65. 1
141. 5

do

7.8
8.8
39.0
66.5
17.3
25.8
25.5
30.1
23.7
27.5
28.4
39.1
77 2
96.3
1, 262. 5 1, 431. 6

r
Revised.
» Preliminary.
1 See similar note on p. S-21.
9 Data for semimanufactures reported as "special category, type 1" are included with finished manufactures.
cf Includes
data not shown separately.
§Excludes "special category, type 1" exports.
©Comprises pig iron, scrap, steel mill products, and other iron and steel products; excludes advanced manufactures. Revisions for exports and data for imports (prior to December 1958) will be shown later.
*New series; see note marked "@".




SURVEY OF CURRENT BUSINESS

February I960

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958
December

S-23

1959
January

February

March

April

May

June

1960
July

August Septem- October Novem- December
ber
ber

January

TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines§
Scheduled domestic trunk carriers:
Financial operations (quarterly totals):
Operating revenues, total?
mil. of dol
Transport total 9
do
Passenger
do
Property
do
U S mail (excl. subsidy)
do
Operating expenses (incl. depreciation)
Net income (after taxes)
Operating results:
Miles flown revenue
Express and freight ton-miles
Mail ton-miles
flown
.
Passengers originated revenue
Passenger-miles flown, revenue

do
do

371.6
365.3
327.6
24.7
10.2

i 407. 6
i 404 0
i1
367. 4
24 8
1
10 0

1
1
1

464. 1
460 7
420. 6
1
26 9
1
10.3

1
1
1

490. 9
487 0
445. 0
1
28 5
1
10.0

337. 2
16.7

i 391.6
i83

* 421. 4
i 22 2

1

444. 4
i 22 6

65 895 r fip 544 r 63 321
27 841 r 29 341 T31 230
9,128 ' 8, 996 r 9 307
3 982 r 4 191
4. 032
2, 593 r 2, 734
2, 515

64 247
32 789
10, 138
3 988
2,385

60 548
27 520
9 264
3 712
2,202

32 231
13, 029

29 406
10, 401

30 292
11 033

34 677
14 708

34 296
14 422

32 080
12 164

17 9
630
110 9

18 0
597
112.2

18 1
571
107 1

18 1
631
110 0

18 1
666
124 5

18 2
627
117 8

18 2
682

thousands
flown
do
do
do
millions

46, 180
25, 379
11, 834
2,740
1,779

'1 57 866
23 406
19,078
i 3 255
i 2, 061

56 659
23, 478
8,728
3, 126
1,921

64 795
28 326
9,993
3 705
2, 305

63 029
26 963
9, 588
3 743
2,260

64 036
27' 785
9 562
3 818
2, 295

64
28
9
4
2

thous of dol
_
do

41, 998
16, 154

29 420
8,136

29 049
8,414

33 966
13 075

31 403
11, 839

30 471
11, 330

17.6
r
689
122.2

17 6
641
111.3

17 7
605
105.9

17 7
673
115. 8

17 7
668
117.4

17 8
667
115. 9

056
543
200
112
628

Express Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares average cash rate
Passengers carried, revenue
Operating revenues

cents
millions
_ .._ mil. of dol

Class I Motor Carriers (Intercity)
Carriers of property (quarterly totals):
Number of reporting carriers
Operating revenues, total
Expenses, total
Freight carried (revenue)
Carriers of passengers (quarterly totals):
Number of reporting carriers
Operating revenues, total.__ _
Expenses, total
Passengers carried (revenue)

mil of dol
do
mil of tons

872
1, 102. 2
1, 062. 3
65.7

mil. of dol
do
millions

142
102.3
91.5
59.1

thousands
do .
do
__do__

2,188
467
34
135

907
1 073 1
1, 025. 2
65 9

900
1 181 8
1 102 6
70 5
138
109.8
93 9
57. 9

136
90.6
85.8
51.9

898
1 159 1
1 103 9
66 5
137
134 0
104 4
62 8

Class I Railroads
Freight carloadings (A. A. R.):^1
Total cars..
_
Coal
Coke
.
Forest products - . _

_

Grain and grain products
Livestock^
_ __ __.
Ore
Merchandise, l.c.l
- .
Miscellaneous

do
do
do
do
do

2, 743
557
42
176

2,291
446
38
148

2,398
412
44
158

2,489
407
44
155

3,419
546
55
206

2,813
471
42
164

2,249
251
28
154

2,712
491
15
211

2 190
403
12
163

2 908
542
16
202

2 403
452
28
157

2 376
454
45
156

2, 870
555
58.
185

^266
24
76
192
1,410

214
15
62
168
1, 199

204
19
75
176
1.312

191
22
127
171
1,373

243
28
365
209
1,767

240
17
319
162
1,397

242
15
190
156
1,214

265
24
54
205
1,448

201
32
35
165
1 179

284
55
50
213
1 546

225
32
156
154
1 199

176
19
146
143
1 237

229
22
109
176
1 530

109
100
109
126

111
94
104
133

111
92
113
125

113
84
136
127

115
85
141
127

118
92
144
130

115
92
136
129

96
61
81
129

95
81
40
130

%
87
42
127

98
90
42
123

107
97
93
136

120
97
142
143

ll c >
95
143
141

157
33
165
27
117

156
38
221
26
120

154
34
218
27
123

155
42
229
28
128

153
44
173
27
133

159
44
173
27
134

169
35
180
26
129

143
35
88
25
114

135
37
25
26
108

132
46
21
26
108

161
52
23
26
107

167
46
152
25
114

134
36
403
24
129

137
35
310
24
131

' 836. 9
' 685. 0
66.9

784.2
660.5
57.9

748.3
637.8
49.0

857.9
734.6
51 4

856.4
736.8
48.3

879.5
756 9
50 5

899.8
765 7
61 5

821.6
687 3
64 2

774.4
642 7
62 4

769 2
648 7
49 9

808 3
687 3
47 3

780 9
658 9
48 3

845 8
696 3
60 5

656.0

644.5

609.2

655. 5

652.7

667 9

674.2

658 5

629 4

615 1

625 8

617 4

103.2
77.3
88.4

103.5
36 2
21.5

99.3
39.8
20.0

123.2
79 1
58.0

121.3
82 3
62.4

124.2
87 5
71 7

136.3
89 4
72.6

114.2
48 9
31 3

105.1
39 9
25 2

108 3
45 8
29 3

115.4
67 1
50 0

107 2
56 4
40 7

46, 661
1.488
2,205

47, 625
1.434
1,924

45, 360
1.441
1,567

51, 232
1. 462
1, 705

51, 231
1.474
1,582

55, 440
1 421
1,691

53, 507
1 467
2, 123

46, 179
1 531
2,296

47, 090
1 412
2,262

45, 786
1 459
1,714

49, 811
1 420
1,588

48, 881

12, 472
10, 526
1,946

12, 687
10, 948
1,739

11, 010
9,398
1,612

12, 365
10, 428
1,937

11,837
9,785
2,052

13. 886
11, 501
2,385

14. 032
11, 657
2,375

13, 459
10 859
2, 600

13, 242
10 575
2,667

4, 106
846

4, 365
953

4,231
853

4 726
1,055

4 264
964

4 861
1,344

4 748
1 290

4 837
1 218

4 542
1 114

4 334
1 091

4 287
901

4 595
855

201
18
56
156
1,121

Freight carloadings, seas. adj. indexes (Fed. Res.):
Total
1935-39=100
CoaL
_
do
Coke
do
Forest products _
_
do
Grain and grain products
Livestock __ __
Ore
Merchandise, l.c.l _ .
Miscellaneous

_ __
. _

Financial operations:
Operating revenues, total 9
Freight_
Passenger

do
do
do
do
do
mil. of dol
do
do

Operating expenses...
do
Tax accruals, joint facility and equipment rents
mil. of dol _
Net railway operating income
do
Net income (after taxes):):
do
Operating results:
Freight carried 1 mile
mil. of ton-miles
Revenue per ton-mile
cents
Passengers carried 1 mile (revenue)
millions..

r

T

r

77 3

Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports
thous. of net tons..
Foreign vessels
do
United States vessels.
__
do
Panama Canal:
Total _
In United States vessels
r

thous. of long tons
do

Revised.
v Preliminary.
1 See note marked " §."
§ Data beginning 1959 include operations intra-Alaska and intra-Hawaii, not included in earlier figures.
9 Includes data not shown separately.
cfData for January, May, August, and October 1959 and January 1960 cover ,5 weeks; other months, 4 weeks.
^Revision for November 1958: $63,200,000.




r

5 249
1 094

SURVEY OF CURRENT BUSINESS

S-24
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959

1958

December

February 1960

February

January

March

April

May

June

I960
July

August Septem- October Novem- December
ber
ber

January

TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Travel
Hotels:
Average sale per occupied, room
dollars
Rooms occupied
_
_ percent of totaL
Restaurant sales indexf
same month 1951 = 100
Foreign travel:
U.S. citizens' Arrivals
thousands
Departures
_
do.
Aliens* Arrivals
do
Departures
doPassports issued a n d renewed. _ _
_ _
___do _ National parks, visits§
_ doPullman Co.:
Revenue passenger-miles
___
millions
Passenger revenues thous. of dol_.

8 22
54
113

8 56

8 64

8 28

q 11

8 48

9 08

8 42

9 41

9 28

9 65

9 52

8 55

67
117

69
118

66
114

72
116

68
121

69
117

60
117

64
110

70
116

73
114

65
110

53
115

105

115
118
74
60
48
428

117
128
65
54
58
478

150
148
82
66
86
630

139
144
82
64
95
746

143
159
95
79
93

165
224
99
99
84

199
226
105
98
65

252
186
121
88
51

203
145
133
98
44

151
122
102
83
37

119

1,348

3,158

5,306

5,612

2,130

1,192

115
75
77
30
411

79
33
817

415

370

318

311

268

255

302

300

249

258

6,130

5,063

4,124

4,813

4,829

4,786

3,997

4,135

3,818

635 3
357 9
219.1
398 8
99.7
58.5

624 7
357 3
208.8
376 9
102.1
58 7

610 1
354 6
197.2
363 9
101.8
59 0

641 3
359.8
223.3
387.9
105.1
59.2

643 5
363. 9
219.2
387.4
106.5
59.6

648 4
364 7
222. 6
388 9
108.2
59 9

652 5
367 5
224.5
392 8
107.8
60 1

656 6
366 2
229.3
408 5
103.2
60 4

654 3
365.8
226.9
390.5
110.3
60.6

654 3
369 1
222.3
400 2
109 6
61 0

666 6
376 7
227.0
406 7
102.0
61.3

657.4
376.3
217.1
394.3
110.8
61.6

20, 257
16, 612
3,287

20, 938
18, 657
1, 264

19, 921
17, 275
1,680

22, 381
18, 676
2,664

21, 878
18, 485
2,355

21, 920
18, 920
1,959

22, 828
18, 960
2,849

21, 897
19, 720
1,171

21, 905
18, 812
2,218

21, 992
19, 114
2,034

22, 023
18, 967
2,263

20, 496
18, 225
1,540

3,095
2,204

3,015
2,281

2,801
2,211

2,960
2,274

3,021
2,356

2,888
2,413

3, 055
2, 388

3,094
2, 364

2,936
2,246

3,181
2, 304

3,237
2, 399

3, 068
2,289

411

367

449

489

56

241

5,845

4,356

301

6,440

38
528

449

4,034
3,116

COMMUNICATIONS
Telephone carriers:
Operating revenues 9
Station revenues
Tolls, message
_ _ _ _
Operating expenses, before taxes
Net operating income
Phones in service end of month

mil ofdol
do
_ do
do
_ _ do
millions

_ _.

Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
thous. of dol
Operating expenses, incl. depreciation
_ _ do_
Net operating revenues _ _ _ _ _ _ _ do_- _
Ocean-cable:
Operating revenues
do
Operating expenses, incl. depreciation
do _
Net operating revenues
_ do_ _
Radiotelegraph:
Operating revenues
do
Operating expenses, incl. depreciation
do _
Net operating revenues
do

r

637

464

349

430

395

214

435

3,876
3,185

3,722
2,929

3, 506
2,720

3,884
2,923

3,949
2,922

3,824
2,949

4, 039
3, 004

4,002
3,080

3,913
3,060

4,094
3,078

619

668

651

829

900

750

899

810

721

894

4, 2.58
3, 105
1, 045

803

CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:!
Acetylene
_
mil. of cu. ft
Ammonia, synthetic anhydrous (commercial)
thous. of short tons
Calcium carbide (commercial)
do
Carbon dioxide, liquid, gas, and solid
do
Chlorine gas
do
Hydrochloric acid (100% HCl)
do
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil of cu ft
Phosphoric acid (100% PjOs)
thous of short tons
Sodium carbonate (soda ash), synthetic (58% Na 2 O)
thous of short tons
Sodium bichromate and chroma te
do
Sodium hvdroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
t^ous of s^ort tons
Sodium sulphates (anhydrous, refined; Glauber's salt;
crude salt cake)
thous of short tons
Sulfuric acid (100% H 2 SO4)
do
Organic chemicals:*^
Acetic acid (synthetic and natural), production
thous of Ib
Acetic anhydride, production
do
Acetylsalicylic acid (aspirin) production
do
Alcohol, ethyl:
Production
thous. of proof gal
Stocks end of month total
do
In industrial alcohol bonded warehouses. -do
In denaturing plants
do
Used for denature tion
do
Withdrawn tax-paid
do
Alcohol, denatured:
Production
thous of wine gal
Consumption (withdrawals)
do
Stocks end of month
do

1 024

1 031

324 9
92 8

993

996

1 052

961

994

980

974

r 1. 004

1,020

5
7
6
9
3

384. 1
95 3
69. 4
351 8
85.0

400.2
80 9
77. 4
341 5
82.7

413. 1
82 5
88.8
368 8
88.3

386.8
87 9
97.5
349 5
87. 6

366. 5
88 4
108. 4
359 2
86. 6

342.6
81.4
102.5
364. 0
89.9

359.0
79.0
90.9
364. 3
89.2

390.0
75.9
83.1
387.0
90.1

382.1
82.2
70.0
376. 6
87.6

268. 7
2, 113
162.7

208. 5
3, 659
153. 7

288 3

427. 6
10.5

402.3

r 407. 0

404. 0

957

326
81
59
310
78

56 8
335 2
76.9

338
79
62
331
80

245 0
3 765
141 4

240 8
3 992
151 0

241 0
4 016
145 6

267 2
4 656
166 9

268 1
4 652
168 2

261 7
4 728
163 6

233 0
4 639
147 9

233 4
3 207
140 3

241.8
2, 066
154. 1

261.3
2,033
153. 4

357 0
9 7
364 4

416 8

434 6
10 4
402 2

413 1
10.0
387 9

419 7
10.2
394 7

406.5

9.4

8.9

387 2

404 5
10.9
375 9

423.8

372 8

362 3
8 5
335 6

398.7

397.5

428.1
10.1
420.0

43 9

35 5

33 3

43 3

53 8

54 0

39 1

30 4

37.4

51.0

53.3

76 5
89 3
85 5
1, 464. 3 1, 406. 3 1, 579. 9

89 6
1, 595. 9

88 7
1, 578. 6

84 6
85.5
1, 469. 5 1, 365. 1

85.6
1,310.9

86.3
1, 336. 7

90.1
1, 445. 2

88.9
1, 437. 9

419. 7
103.9

49.6

361 4
8.9

86 1
1, 494. 8

<""49 556
92 145
1 530

8
2
4
4
3

47 290
79 951
1 387

58 614
90 525
1 890
r

r

57 570
86, 949
1 512

48 729
90, 445
1 797

57 734
89 656
1 610

57 441
88, 733
1 393

58, 546
92, 679
1,012

58, 971
93, 860
1,361

61, 095
90, 649
1,262

64, 432
95,311
1,690

42, 995
29 645
27, 127
2 518
43 267

46, 684
28 947
26, 623
2 324
43 112

44, 606
28 625
25, 792
2 834
42 943

47, 628
32 747
29, 962
2 785
42 494

41, 325
34 848

41, 121
34, 110

39, 557
32, 269

42, 685
31, 579

40 003

38, 661

38, 348

42, 603

41, 984

685

753

771

708

594

714

760

1, 528. 3

42, 266
29, 497

714

158 2

57, 303
81, 737
1,677

676

635

692

35 804
31 671
28, 771
2 900
33' 474
r
633

21,207
?2 131
5 128

21,007
21 723
4 449

18 041
18 184
4 311

23, 243
23 507
4 107

23, 195
22 939
4 358

23 105
21 888
5 559

22 870
21 609
6 744

21, 519
22 788
5 453

20, 819
21 439
4,825

20, 688
21, 965
3,506

22, 963
22 631
3,827

22, 549
23, 924
2,448

9 081
Creosote oil production
thous of gal
13,041
DDT, production
thous. of Ib
Ethyl acetate (85%), production _ _
do _ _
7, 189
90 277
Ethylene glveol production
do
128,716
Formaldohvde (37% HCHO), production
do
Glycerin, refined, all grades:
21,998
Production
do _
Stocks, end of month _
_ _ d o _ _ - 42, 149
Methanol, production:
142
Nntural
thous of gal
22, 179
Svnthetic
do
Phthalic anhydride, production
thous. of l b _ _ 29, 571

6 917
12,932
6,821
97 210
137,067

7 423
11 422
6,908
87 747
129, 545

10 417
1 2, 629
10,339
94 036
148,461

7 819
13, 440
5,394
91 187
144, 117

8 7^7
14 095
8, 441
94 677
141,493

9 052
14 604
9, 359
94 808
149, 652

6, 660
12, 809
7,248
91,956
126, 515

5,587
12.717
7,923
96, 410
148, 129

6, 236
13, 328
7,935
96, 623
155,724

4 819
13, 199
8,381
103, 150
1 59, 393

6,371
12, 012
7,495
99, 114
154, 846

22, 000
42, 400

20, 500
44, 800

21,000
43, 100

19, 900
39, 600

21,100
36, 700

24 600
38, 900

18,500
35, 000

23, 700
34, 000

25, 400
32, 900

25, 600
36, 800

23, 800
39, 600

41, 576
32 562
29, 697
2 865
39 333

38, 134
28 593
26, 299
2 293
39 112

9.6

r

379. 5
90. 7

158

155

192

156

203

192

179

164

184

161

20, 670
23, 995

19,774
34, 223

192

22, 837
29,018

18.849
33, 316

21, 144
34,911

21 800
31. 850

22, 265
32, 731

22, 699
30, 970

22, 591
27, 091

23, 239
23, 274

23, 500
42, 500

23, 770
17, 481

r Pevised.
P Preliminary.
f Pevised series (first s1 own in October 1959 SURVEY), reflecting change in comparison base period; monthly data for 1953-July 1958 are available upon request.
§ .Beginning with the October 1959 SURVEY, the figures include visits to Mount McKinley, Alaska :md Hawaii National Park, Hawaii. Comparable data for earlier periods will be shown
later.
9 Includes data not shown separately.
|B evisions for 1957 and January-September 1958 will be shown later.
cf Df»tr (oxrrpt for alcohol) nre reported on basis of 100-percent content of the specified material unless otherwise indicnted.
"Revisions for January-November 1958 (thous. Ib.): 47,715; 40,040; 40,326; 40,939; 44,425; 48,098; 48,382; 50,819; 53,658; 53,907; 56,677.




SURVEY OF CURRENT BUSINESS

I960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959

1958

December

S--25

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

CHEMICALS AND ALLIED PRODUCTS—Continued
FERTILIZERS
Consumption (10 States) §
Exports total 9
Nitrogenous materials
Phosphate materials
Potash materials

'334
341 862
64, 923
214, 930
41,441

411
338 184
53, 558
249, 661
25, 648

581
447 716
122 223
276, 337
30 316

1,491
476 844
83, 044
319, 450
62, 689

1,799
464, 114
43, 281
354, 754
58, 321

1.488
471 229
39, 425
375, 558
40, 118

789
473 002
40, 778
393, 906
26, 446

316
530 043
62 390
438, 590
25, 334

462
34
368,
40

198
443
861
917
171

339
456 690
33, 852
362, 909
51, 178

322
437, 592
24, 170
326, 939
74, 683

336
342 512
62, 129
239, 817
27, 740

343
567 564
68, 680
377, 877
97, 357

191,448
128, 743
49, 875
12 942
31, 863

136, 003
82, 371
23, 456
4,003
28. 390

222, 337
126 272
28, 019
14 243
45, 387

271, 328
153, 100
48, 461
10 987
48,412

304, 488
163, 525
45, 283
8,642
51, 184

210, 864
129, 819
53, 239
9,864
15, 349

233, 441
143 529
38, 837
33 270
20, 582

371, 174
287 017
45, 418
25 985
34, 857

323, 819
200, 980
32, 651
6,122
93, 022

326, 968
199, 315
67, 118
12, 989
76, 514

135, 795
92 385
25, 933
7 460
15, 538

149, 848
89, 390
24, 507
8,444
6,692

261, 711
145 033
28. 843
19. 296
68, 169

249 613

113 247

166 899

276 146

360, 096

193 210

85 226

114 563

223 688

110 579

187, 975

109 971

215, 867
378, 734

225,616
385, 448

236 354
383, 647

265, 920
299, 965

257, 522
179, 589

241, 899
160, 279

188, 788
240, 179

169, 247
284, 881

178, 153
293, 775

198, 086 r 220, 205
281,613 r 292, 636

220, 762
329, 903

238, 117
363, 718

208
70 643

352
61,215

205
67 404

127
73, 523

316
86, 657

208
80, 427

124
80, 696

84
72, 245

141
75, 282

223
72, 049

174
74, 223

241
70, 143

182
72, 838

108 7
57.3
51.4

125 5
71.2
54 3

120 7
67.7
53 0

150 7
87.7
63 0

170.7
103.0
67.7

173.0
104.1
68.9

175.9
106.5
69.4

166.7
102.9
63 8

158.4
98.4
60.0

156.6
96.4
60.2

143 0
83.2
59 8

121.4
70.8
50.6

119.6
64.5
55.1

378
4,442

346
4,427

318
4,376

374
4,325

391
4,248

389
4,156

347
4,079

318
3,988

369
3,876

399
3,815

483
3,899

408
3,834

412
3,810

4,238
8,432
161

4, 580
8,810
294

3, 852
7,954
290

3,713
9,049
288

4,634
9,432
317

3,882
8,121
315

4,028
8,292
304

4,437
8,012
250

4,086
8,690
238

4,187
8,877
247

4,706
9,519
243

4,096
8,857
106

do
do
do
do
__do--

44, 295
61,003
26, 503
81 563
26, 901

44, 008
62, 241
29, 162
83 659
30, 683

41,819
60, 905
27, 693
82 937
29, 649

47, 956
73, 706
30, 064
92 310
34, 023

44, 943
67, 625
31, 565
92, 122
36, 373

46, 567
73,915
30, 370
98 884
35, 729

46, 320
72, 312
33, 967
98 405
34, 395

39, 952
65, 723
23, 470
94, 272
30, 587

46, 522
69, 210
28, 368
98, 766
32. 200

49, 988 r 51, 754
75, 829 r 78, 938
31,051 r 34, 146
98, 924 !05, 653
33, 167 r 33, 197

48, 322
73, 625
29. 366
100, 470
25, 541

do
-- do__
do
- do ._

10, 145
10, 842
83, 692
19, 137

10, 469
11,041
87, 329
1
23, 057

10, 194
10, 712
78, 419
1
21, 592

10, 604
14, 783
95, 133
1
26, 164

10, 706
12, 601
11, 686
13, 680
98, 907 100, 477
1
26, 468 * 22, 434

11, 428
11,394
103, 097
125,748

thous. of short tons
short tons
do
__
do
do

[m ports, total 9
Nitrogenous materials total 9
Nitrate of soda
Phosphate materials
Potash materials

_. .__

do
do
do
do
do

_ _

Potash deliveries
do
Superphosphate and other phosphatic fertilizers (100%
A.P.A.):
Production
short tons
Stocks, end of month
_
___ . . do
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
thous. of lb
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil of dol
Trade products
- do
Industrial
finishes
do
Sulfur (native):
Production
thous of lone tons
Stocks (producers'), end of month
_ _
do
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets, rods, and tubes
-thous. of lb_
Molding and extrusion materinls
do
Nitrocellulose sheets, rods, and tubes
- do - Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
Alkvd resins
Rosin modifications
Polyester resins
Polyethylene resins
Miscellaneous

-

-

12, 413
12, 518
15, 691
14, 068
98, 312 1
104.549
1
25, 903 24, 192

r
12, 419 r 12, 878
12, 362
11,053
12, 804 11, 777
104, 616 r 109, 338 110, 802
1
27, 750 125. 735 i 24; 917

ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total t
mil. of kw.-hr-_
Electric utilities, total
do
By fuels
_ _ __
do _
Bv waterpower
do

66, 396
59, 236
48, 485
10, 751

67, 227
59, 943
48, 652
11, 292

60, 968
54, 158
43, 487
10, 671

65, 889
58, 352
46, 327
12, 025

63, 394
55, 807
43, 637
12, 170

65, 381
57, 661
45, 924
11, 737

67, 390
59, 840
48, 586
11, 254

68, 539
61, 695
50, 212
11 482

69, 562
63, 084
52, 127
10, 957

64, 846
58, 585
48, 321
10 264

65, 499
59, 032
47, 529
11 503

65, 275
58, 433
46 764
11 668

70, 539
63, 111
50 427
12 683

Privately and municipally owned utilities.-- do ..Other producers (publicly owned) do

48, 105
11, 131

48, 688
11, 256

43, 938
10, 220

47, 369
10, 983

45, 376
10, 431

46, 872
10, 790

49, 001
10, 839

50, 037
11, 658

51, 263
11, 821

47, 979
10, 605

48, 359
10, 673

47, 889
10, 544

51, 850
11 261

_ _ . do..
do
do ._

7,160
6,916
244

7,284
6,999
285

6,810
6,554
256

7,537
7,247
290

7,587
7,264
323

7,720
7,411
309

7,550
7,284
267

6,844
6,608
236

6,478
6,261
217

6,261
6 017
245

6,467
6,170
297

6,842
6 550
292

7 428
7 100
328

do

50 337

52, 461

51 140

51 427

50, 434

50 410

52 120

52 661

53 658

54 079

52 061

r

do
do

8 564
24, 447

8,810
24, 301

8 647
23, 826

8 549
25, 052

8 429
25, 049

8 673
25, 743

9 433
26, 550

10 114
25 531

10 611
25, 297

10 687
25, 354

9 810
25, 191

r 9 244 P 9 400
r
25 047 P 26 100

372
14, 420
791
560
1,127
56

355
16, 363
868
563
1,149
51

339
15, 741
860
509
1,171
47

333
14, 848
921
497
1,167
60

307
13, 907
1,083
454
1,150
56

289
12, 975
1,088
424
1, 161
56

282
13, 008
1,191
404
1,193
59

277
13 681
1 408
415
1,170
65

363
14, 190
1,499
446
1,193
60

364
14, 581
1 343
478
1,211
60

380
13, 916
978
524
1,210
51

849.0

885.7

872.3

859. 0

842.7

842.0

867.2

886.2

906.9

921.5

891.1

Industrial establishments, total
By fuels
Bv waterpower

-

Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power
Large light and power
_ __ _
Railwavs and railroads
Residential or domestic
Rural (distinct rural rates)
Street and highway lighting
Other public authorities
Interdepartmental
Revenue from sales to ultimate
Electric Institute) ---

__do
do_do
do
- ___ - -- - do
do customers (Edison
- -- - -mil. of dol

_

..

T

51 688 P 54 500

401
14, 314 P 15 925
875
561
1,204
43

881.6

GAS
Manufactured and mixed gas (quarterly) : \
Customers, end of quarter, total 9
thousands ._
Residential
do
Industrial and commercial
_. ... do._
Sales to consumers, total 9 .
Residential
Industrial and commercial

mil. of therms
do
do

Revenue from sales to consumers, total 9
mil. of dol
Residential
__--do _
Industrial and commercial
--do
r

2,899
2 709
188

2,878
2,686
191

2,866
2,674
189

2,770
2 584
184

609
444
159

960
748
205

511
344
154

287
163
114

82 9
64.5
17.9

121.7
97.6
23.4

70.9
53.5
16.7

42 8
30 6
11.9

!
Revised.
v Preliminary.
Beginning 1959 includes protective coatings; earlier data (which exclude such coatings) are not comparable.
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama, Tennessee, Arkansas, Louisiana, Texas, Oklahoma. According to quarterly reports from Virg-mia,
consumption in that State is as follows: (thous. short tons): 1958—October-December, 84; 1959—January-March, 316; April-June, 303; July-September, 69; October-December, 73.
9 Includes data not shown separately. tElectric-power production revisions for 1958 appear on p. 20 of the January 1960 SURVEY. Manufactured and mixed gas revisions for 1st and 2d
quarters of 1958 are available upon request.




SUEVEY OF CURRENT BUSINESS

S-26
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959

1958

December

February

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

ELECTRIC POWER AND GAS—Continued
GAS— Continued
.Vatural gas (quarterly) : 9
Customers, end of quarter, total
Residential
Industrial and commercial
Sales to consumers total
Residential. _
Industrial and commercial

28, 722
26, 394
2,293

28, 950
26, 625
2, 289

28,815
26, 557
2,223

28, 979
26 740
2,204

20. 385
6,611
12, 630

27, 604
1 2, 966
13, 543

19 984
5, 626
13, 254

15 618
2' 332
12, 434

mil. of dol _ 1,110.8
612. 5
do
463 6
do

1 , 687. 1
1 , 093. 1
559 4

1, 053. 8
549. 4
472 4

735. 7
299 2
411 5

thousands. _
do
do _
mil of therms
do
do

Revenue from sales to consumers, total
Residential
Industrial and commercial

FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
5 894
7, 702
Production
thous of bbl
6, 834
6 353
5,346
Taxable withdrawals
do
6,717
\>, 651
5, 5t;5
Stocks, end of month
do___
9,631
10, 161
9,437
"9,005
Distilled spirits (total):
20 431
Production
thous. of tax gal O r24 188 r 21, 969
22 076
Consumption, apparent, for beverage purposes
thous. of wine gal... 25, 806 i 15,134 i 15,328 i 18, 674
11,545
12, 978
11,043
Taxable withdrawals
thous. of tax gal_. 10, 175
Stocks, end of month. __
._ __ .do . «864, 946 861, 884 866, 203 * 872, 729
1,851
1,801
Imports
thous. of proof gal. . 3,280
2, 330
Whisky:
13,994
Production
thous. of tax gaL. 16.343
14,468
14, 441
6,311
6, 635
5 901
Taxablo withdrawals
do
5 347
Stocks, end of month
_
_ do
753, 073 759, 106 7(53, 704 r 768, 353
1,568
1 680
Imports
thous of proof gal
2 054
2 898
Rectified spirits and wines, production, totaled
thous. of proof gal__ « r 5 , 7 7 8 r 5, 145 r 6, 146 r 6, 308
4, 536
5,013
5,046
3.939
Whiskv
. do
Wines and distilling materials:
Effervescent wines:
321
224
381
Production
thous. of wine gal
«268
149
197
189
Taxable withdrawals
do. ._
389
1,797
1,974
« 1 , 636
1,645
Stocks, end of month
_
. do
43
50
37
Imports
.do
123
Still wines:
2,392 r 3,015
Production
do
« r 6, 151 r 2,384
11,169
13, 334
11,351
Taxable withdrawals
_ _ _ _ do
ar
Stocks, end of month
_
do
200,299 r 190, 055 r 177, 436 r 169, 432
522
522
946
703
Imports
- do
r
3, 119
1,579
2,537
Distilling materials produced at wineries
.do
« 13, 354

8,679
7, 510
10, 842

8,672
7, 969
11,069

23, 407

'21,970

i 17,153
13,354
878, 848
2,548

9,586
8,823
r 11,316

9,648
9, 307
11,116

8,689
8,602
10, 698

8,115
8,063
10,261

7,230
6 977
10, 086

29, 214

39 679

25, 994

17, 408
19 440
15, 946
879,755 • 879, 538
3,959
3,613

16 053
883, 354
4,010

19, 264

11, 235

15,624

18,175
13,972
884,492
2, 669

i 18, 634
12,817
888, 779
2,517

i 17, 259
12, 909
884, 237
2,377

' 17,186
15,085
881,152
2,750

1

12,131
5, 967
782, 853
2,236

6,747
5,720
781, 225
2,112

7,193
7,676
777,675
2,449

9,854
7,715
776,868
3,173

6, 445
4, 972

5,979
4,703

6, 755
5,173

8,377
6, 646

9 909
8,083

8 224
6 543

251
357
2,154
102

248
432
1 949
108

1

2,280

14,532
6, 599
779, 245
2, 359

>• 6, 382
5, 069

r 6, 805
5,316

295
177
2,069
56

301
216
2,138
68

349
268
2,188
62

305
167
2,308
46

285
204
2,326
52

229
275
2,296

2,895
11,870
157,261
668
2,531

1,766

10, 921
149, 563
889
4,474

1,601
11,284
138, 073
696
r
2,885

1,410
9,671
126,029
552
2,185

6,243
10, 406
117,477
690
21,677

57, 452
12, 287
167, 740
981
122, 953

143, 390
104,138
. 587

135, 605
138, 224
.588

112,485
148,060
.593

90, 890
131, 988
.609

82, 555
93,012
.637

92, 105
67, 286
.633

91,240
46, 690
.647

153, 335
114, 410

150, 075
112,310

129, 355
94, 085

113,440
81, 350

103, 1/0
69. 950

97, 930
61,585

88, 720
53, 465

15,509
6,311
774, 234

6, 609
6 775
9.091

5 950
5 970
9,714

r

96

12, 149
12 599
8,661
10, 045
r
775, 401 775, 767
3,590
3,568

3, 535 --

-•

~~~§~ii8"

140

74, 543 12, 702
13, 269 13,731
229, 309 226, 273
782
912
144, 090 25, 110

1,128

DAIRY PRODUCTS
Butter, creamery:
Production (factory) 1
thous of lb
107 237
69 295
Stocks, cold storage, end of month
do
Price, wholesale, 92-score (New York)., dol. per l b _ _
.613
Cheese:
Production (factory), total!
thous. of lb_. 99, 867
61, 971
American, whole milk!
d°

116 300
63, 708
.588

108 190
64, 033
.589

121 395
63, 294
.588

100, 495
65, 690

96, 570
64, 155

116,720
78, 055

128, 225
90, 750

108, 105
31, 050
.630

r

33, 602
.588

100, 495
59, 825

293,189 269. 469 260, 100 257, 271 283,189 310,107 347, 725 371, 620 375, 833 369, 862 349, 461 320,215 r 304, 084 282, 629
Stocks, cold storage, end of month, total
do
245, 379
249, 042 235. 998 227, 830 226, 083 248, 748 272,216 307, 301 330, 626 334, 261 327,126 308, 105 281,033
-Vmerican whole milk
do
3,614
8, 753
6,724
3,906
5,148
4,853
4,167
4,879
4,268
5, 649
5, 320
6, 648
6 576
Imports
do
Price, wholesale, American, single daisies (Chicago)
.415
.382
.380
.382
.388
.380
.382
.415
.380
.381
.384
.401
.385
.380
dol. per lb...
Condensed and evaporated milk:
Production, case goods:!
4 370
6,160
5,430
5, 725
6,100
4 880
4 186
4,480
4,470
5,310
5 230
Condensed (sweetened)
thous of lb
4,925
4 220
138. 605 143, 500 140, 900 182, 600 208, 200 272, 400 269, 600 235, 200 216, 200 184, 800 152 200 124 700 136 200
Evaporated (unsweetened)
_ do
Stocks, manufacturers', case goods, end of month:
5, 666
5,715
5,741
6,444
5,412
4,859
3,791
5,087
3, 936
5, 168
6.913
Condensed (sweetened) _ . . _
thous. of l b _ _ r r 4, 840
4 270
92, 420
83,814 106,198 193,121 288, 979 333, 008
383, 959 325, 940 279, 028 225, 092
190, 997 135,833
Evaporated (unsweetened)
_
do
Exports:
5,002
2, 853
3. 563
3,486
2,653
3,127
3,854
3,370
2.015
2,708
3 176
2, 691
2 985
Condensed (sweetened)
do
4,444
10,669
17,063
4,362
11,491
9,259
4,524
5,983
2,083
5,131
5, 057
2, 834
19,853
Evaporated (unsweetened) _ _ . _ _ _ . d o
Price, manufacturers' average selling:
6.38
6.18
6.15
6.16
6.25
6.18
6.15
6.17
6.17
6. 16
6. 15
6 34
Evaporated (unsweetened)
dol . per case. .
Fluid milk:
9,374
9, 4f 3
10,335
12,152 r 11,224
9,344
9, 413
12,595
10,667
11,171
9, 862
9,754
8,826
9, 371
Production on farms
mil. of lb
3, 568
3,246
3.168
3,504
4,148
4,372
3,527
4,092
3,070
5,108
4,913
3,741
Utilization in manufactured dairy products!-..do
3,527
4.22
'4.48
r 4. 36
4.54
4.09
3.90
4.36
3.75
3.70
4.06
3.89
4.34
4.44
4.60
Price, wholesale, U.S. average-dol. per 100 lb_.
Dry milk:
Production:!
6,600
7,400
8,800
7, 400
7,100
8,900
9, 700
7, 750
8,800
8,150
8 300
8,000
Dry whole milk
thous. of lb
fi, 815
99, 300 104, 600 136, 800
96, 200
117,500
126, 263 138, 250 132, 450 157, 400 178,200 211,200 200, 000
Nonfat dry milk (human food) . . .
do
Stocks, manufacturers', end of month:
r
6,486
7,282
5,723
7,490
6, 864
7,055
6, 203
6, 0?5
4,916
6,235
6 390
6 204
5,343
Dry whole milk
do
r
96, 567
87, 917 85, 504
86, 460
98, 665
78, 807
88, 636 125,248 144,615 132,496 114, 533
87, 475
87, 513
Nonfat dry milk (human food)
do
Exports:
2, 035
1,393
1,812
1,276
2,798
2, 560
1,577
1,779
1,535
2,203
2,997
3,961
1,875
Dry whole milk
do
5,550
29, 524
27,786
6,931
19, 402
30, 972
35,105
53, 505
21,920
13. 743
12,524
19, 885
32, 366
Nonfat dry milk (human food)
_ . _ _ do
Price, manufacturers' average selling, nonfat dry
.135
.136
.136
.136
.136
.135
.135
.136
.137
.137
.136
.136
milk (human food)
dol. p e r l b _ _ 1
r
Revised.
p Preliminary.
i Data for Alaska, included beginning January 1959, are as follows (thous. of wine gallons): January-September—30; 26; 32; 49; 45; 51; 40; 40: 50.
9 Totals include data not shown separately. Revisions for 1st and 2d quarters of 1958 (back to 1952 for total sales and total revenue) are available upon request.
cf Data beginning July 1959 exclude production of wines and vermouth; for July 1958-June 1959, such production totaled 43,600 oral.
^Revisions for the indicated items and for the periods specified are available upon request as follows: Butter and chee~e (total and American)—January 1957-July 1958; condensed and evaporated milk—January-July 1958; dry whole milk—January 1952-Decernber 1955 and January-July 1958; nonfat dry milk—January 1954-July 1958; fluid milk used in manufactured dairy
products—January 1956-August 1959.
a
Revisions for 1958 (units as indicated): Beer—stocks, September, 10,066; total distilled spirits—production, July, 7,596; August, 9,768; October. 39,889; stocks, July, 852,617; August, 845,697;
November. 844,412; total rectified spirits, etc. (July-November), 5,928; 5,953; 6,871; 10,899; 8,851; effervescent wines—production, October, 203; November, 176; taxable withdrawals, September, 211;
November. 354; stocks, October, 1,987; November, 1,788; still wines—production (September-November), 47,258; 78,660; 15,184; taxable withdrawals. November, 12,679; stocks (August-October),
109,498; 145,133: 209.415: 212,512; distilling materials, production (September-November), 115,851: 159,018; 35,691.




SURVEY OF CUERENT BUSINESS

February 1060

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

S-27

1959

December

January

February

March

May

April

June

1960
July

August Septem- October November
ber

December

January

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FRUITS AND VEGETABLES
Apples:
Production (crop estimate)
Shipments carlo t
Stocks, cold storage, end of month

thous. of bu H 26. 610
2 494
No of carloa<ds
thous. of bu.- 37, 547

2 118, 227
1,631
1, 526 >• 2, 283
44, 259 ' 33, 586 24, 448

r

2 136
27, 955

1 997
20, 912

2 225
14, 244

2 249
7,876

1 545
3,833

893
1,577

583
306

187
307

330
14, 300

1 516
49, 791

9,065

7,809

7,016

8,285

8,846

8,592

7,037

6, 037

5, 203

4,241

3,539

' 4, 603 f 9, 420

7,370

493, 172
222,711
846, 853

458, 198
297 741
761, 248

404, 354
396 238
687, 121

361,374
418 899
647, 899

305, 726
487 091
637, 920

286. 046
595 481
593, 334

362, 245
633, 096
623, 129

498, 221
573 275
730, 596

533, 934
517, 051
871, 747

521, 708
446, 617
925, 030

512, 461
401 760
930, 662

498, 016 '464,698
356, 983 r 300, 091
906, 970 r 842, 288

432, 424
487, 849
762, 260

265 729
12, 271

15, 333

14, 383

17, 297

17, 155

16, 437

16, 426

8, 938

7,124

9,499

10, 223

2 242, 998
11, 279 r 12, 769

14, 589

2.888

2.925

3 130

2.783

4.219

5. 000

5. 450

4.090

3 635

3. 150

3.400

69, 439

73, 190

58, 932

64, 140

62, 830

72, 163

70, 769

82, 792

65, 228

63, 717

59, 339

63, 992

71, 664

475 196
13,606

14, 238

12, 378

12, 673

12, 585

11.430

13, 731

21, 156

32, 227

18,110

14, 977

14, 710

2420,161
11,379

46, 918
. do
. ..-do. . • 228, 909
12,912
do

47, 149

47, 639

39, 222

35, 645

39, 474

35, 738

6,918

4 474

40, 896
* 266, 882
11,821
14, 782

38,014

5, 994

35, 140
65, 315
12, 077

34, 988

11,492

43, 524
153, 825
7, 715

12, 573

1.190
1. 163

1.169
1.139

1.214
1.175

1.180
1.139

1.228
1.183

1.235
1.197

1.207
1.155

1.165
1.160

1.174
1.094

1.172
1.108

Citrus fruits, carlot shipments
No. of carloads. _
Frozen fruits, juices, and vegetables:
Stocks, cold storage, end of month:
Fruits .
__. _ .
thous. of Ib .
Fruit juices and purees
do
Vegetables
.-do
Potatoes, white:
Production (crop estimate)
thous of cwt
Shipments, carlot
No. of carloads. _
Price, wholesale, U.S. No. 1 (New York)
dol per 100 Ib

1

r

' 4. 063 P 3. 803

GRAIN AND GRAIN PRODUCTS
Exports (barley corn, oats rye, wheat) thous. of bu
Barley:
Production (crop estimate)
Receipts 4 principal markets
Stocks, domestic, end of month:
Commercial
On farms
.
"Exports including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
_
No 3 straight
.

do
do
._

dol. per bu_.
_
..do.

rl

Corn:
Production (crop estimate)
mil. of bu T i 3, 801
Grindings, wet process . _
thous. of bu
11, 539
Receipts interior primary markets
do
29, 600
Stocks, domestic, end of month:
100,026
Commerical ..
do
On farms
mil of bu T2, 697 0
Exports including meal and flour thous of bu
19 277
Prices, wholesale:
1.167
No. 3, yellow (Chicago).__dol. per bu.1.096
Weighted average, 5 markets, all grades
_ do_
Oats:
i 1,416
Production (crop estimate)
mil. of bu
7,381
Receipts, interior primary markets
thous. of bu._
Slocks, domestic, end of month:
25 672
Commercial
do
f
948, 149
On farms
do
3,122
Exports, including oatmeal
_ do
.698
Price, wholesale, No. 3, white (Chicago)., dol. per bu. Rice:
Production (crop estimate)
. . thous. of bags 9 California:
Receipts, domestic, rough
thous. of lb_.
Shipments from mills, milled rice
do~
Stocks, rough and cleaned (cleaned basis), end
of month
thous. of Ib. .
Southern States (Ark., La,, Term., Tex.):
Receipts, rough, at mills
_ _ do
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil. of Ib .
Exports
thous. of l b _ Price, wholesale, head, clean (N.O.)
dol. per lb.

4

11, 742
28, 388

4

r

4

11, 759
33 166

97, 973

105, 231

16 444

1.171
1.098

12, 547
36, 402

4

12, 751
42, 520

4

r3

4

12, 724
28 388

120, 285

121, 421

16 721

109, 792
1,817 9
13. 597

16, 679

1. 179
1.101

1.207
1.130

1.283
1.218

9,140

5,741

7,206

23 013

22 183

14, 368

13, 545 * 12, 685
24, 226
34, 702

4

13, 863
21 592

13, 575
18, 452

4

37, 253

8 337

1.174
1.112

1.159
1. 085

1.170
1.114

2 4, 361
f 4, 107 4 11, 901 r- 4 ll,812
26, 839
55 612 ' 31, 974

21,916

124, 633 >• 136, 123 129, 388
3 094. 4
26, 005
23 410

107, 094

1.272
1.203

1. 163
1.116

1.097
1.071

1.100
1.044

19, 975

18, 379

8, 159

5,981

5,693

21 754

29 246

31 054
r
898, 338
2,495
4,845
.686
.704

26, 084

104, 622

21 452

1.290
1.225

1.289
1. 246

1.265
1.222

6,474

9,140

9,348

20 154
T
584, 877
3,328
2,218
.676
.676

19 659

17 298

14 365
r3
298, 427
2,345
4,412
.700
.694

T

4

22 339

101, 876

12, 902

1.095
1. 025
2

4,040
.699

2,200
.700

9,330
.701

15, 785

37, 505
198, 429
7, 879

102,718
r333l 3
15,835
15 094

116,813
l, 117. 5
19 737

r

1.167
1.120

r

4,202
.740

1.144
1.043

1,074
6,412

5,892

19 028 ' 17 824 16 029
699, 390
1,241
5 546
.780
.796
.792

i 44, 381

2 53, 122

92, 062
54, 010

133, 123
60, 326

90, 282
92, 837

115, 677
77, 788

110, 076
68, 975

96, 452
50, 769

93,618
62, 920

127,557
74, 501

48, 000
42 687

29, 510
37, 521

185, 610
75, 389

45, 664

26, 875

r

84, 303
56, 289

78, 034
46 481

111,624
51, 671

95, 151

74, 871

93, 683

55, 408

53, 447

51,417

57, 281

53, 396

55, 578

72, 678

77, 295

75, 423

196, 864
113,685

135, 098
131,856

68, 465
141 994

98, 036
119 870

29, 009
170 607

36, 041
156 838

61, 418
209 588

34, 322
140 284

250 976 1,168,507 1,144,978
150 912 219, 857 237, 604

288, 156
204 498

110,022
165 228

1,182.3
55, 606
.093

1, 137. 1
69, 613
.094

1, 038. 0
867.0
55, 341 131, 368
.093
.091

723.8
91. 533
.089

617.1
137, 551
.089

488.9
175,264
.093

592.2
142, 268
. 091

365.8
204, 780
.089

891. 1 1, 401. 0
90, 401 202, 703
.081
. 081

1,363.7
113 241
,081

1,274.3
96, 800
P. 082

Rye:
Production (crop estimate)
. thous. of bu.. i 32, 186
420
Receipts interior primary markets
do
Stocks, commercial, domestic, end of month.. -do
4,973
1 . 230
Price, wholesale, No. 2 (Minneapolis)-. dol. perbu.-

1 042
4,271
1.274

557
3,122
1.303

1 042
2, 093
1.250

594
2, 820
1. 260

2 524
4, 979
1. 242

4 017
7,613
1.261

Wheat:
Production (crop estimate) total
mil. of bu.
Spring wheat
do
Winter wheat. - ..
_. _ _.
do ...
Receipts, interior primary markets
.thous. of bu.
Disappearance (Quarterly total)
do
-S t o ck s , en d o f m on th :
Canada (Canadian wheat)
... do
United States, domestic, totaled..mil. o f b u .
Commercial (at terminal cities) t--- thous. of bu_.
Interior mills (incl. merchant), elevators, and
warehouses
... thous. of bu_.
On farms..
_
do
Exports, total, including
Wheat only .

flour
. .

U,461.7
1
282. 4
1 1,179. 3
29, 394
322. 912

379, 269

1 001
3, 374
1. 311

1 441
8,702
1.256

821
8,336
1.264

2 21 495
583
' 7, 792
1.214

1 177
7,' 535
1.253
2

31, 988

30, 387

380, 133

375. 434

'• 1, 820. 5
422, 047 429, 989

433, 776
r

40 911
35, 427

31 727
28, 410

37, 079
282, 147

20, 453

31,988

374, 184

r

r

854, 305
«• 456, 877

do
34 038
. do . . 28, 744

Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
dol. per bu.No. 2, hard winter (Kansas City)
do
No. 2, red winter (St. Louis)
do
Weighted avg., 6 markets, all grades
do

830
3,680
1.289

376, 435

359, 558

1, 541. 2
419, 579 432, 427

418, 706

86, 660

51,258

406, 382

398 930

r3
l,278.6
3

391, 378

539, 068

43 607
36 826

34 408
26 762

25, 251

25, 076

384 031

369, 722

369 701

2 133.6
520,717

556, 360

241
31 14, 937

36 968
31 521

40, 170
274, 047

540, 605

1, 876 4
522, 243 r485, 656

r

r

3
691,
r

761, 126
283, 420
40 391
36. 851

51, 078
264, 180

368, 623

r

1,074,638
455, 257

29 917
25 634

33 099
27, 627

23, 101

382 691
502, 137

988 028
331, 742

r

36 322
33 439

1 128 2
2 204 7
2
923 4
18, 773
259 149

287
6,424
1.213

29 400
25 527

r 26 261
21 818

35 497
26 940

2. 235
2.205
2.211
2.227
2.215
2.282
2.241
2. 243
2. 310
2.293
2.295
2. 299
2.245
2.246
1.984
1.998
2.028
2. 067
2.090
2.030
1.916
2.013
1.936
1.993
2,072
2,048
2.058
2.081
1.948
2 041
2.037
2.018
1 904
1 881
1 885
1 773
1 801
1 867
2 048
1 8r8
1 998
(5)
2, 208
2.187
2.162
2. 195
2.191
2.212
2,122
2.281
2. 248 ! 2. 246
2.087
2. 237
2. 241
2.280
r
p
}
2
Revised.
Preliminary.
Revised estimate of 1958 crop.
December 1 estimate of 1959 crop.
3
Old crop only; new grain not reported until beginning of new crop year (July for barley, oats, and wheat; October for corn).
* Data beginning January 1959 are on standard 17-percent
moisture basis; prior thereto, on basis of varying moisture content (from 12 to 25 percent). January 1959 figure comparable with earlier data is ll.8S5.000 bushels. fl No quotation.
§Excludes a small amount of pearl barley.
9 Bags of 100 Ib.
cfTlie 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.
IData for March, June, September, and December are not strictly comparable with those for other months, largely because of somewhat smaller coverage of the quarterly reports.




SURVEY OF CURRENT BUSINESS

S-28

Unless otherwise stated, statistics through 1958 and 1
descriptive notes are shown in the 1959 edition of 1 -noruiTT1
BUSINESS STATISTICS
j ^er

February

1959

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
1
i

GRAIN AND GRAIN PRODUCTS- Continued
Wheat flour:
Production:
Flour
thous. of sacks (100 Ib )
Operations, percent of capacity
Offal
thous. of short tons
Grindings of wheat .
thous of bu
Stocks held by mills, end of quarter
thous. of sacks (lOOlb.)..
Exports
do
Prices, wholesale:
Spring, short patents (Minneapolis)
dol. per sack (lOOlb.)..
Winter, hard, short patents (Kansas Citv)..do

21, 072
87.0
390
47, 950

21, 584
93.3
400
48, 959

18, 861
85.6
351
42, 884

20 595
84.8
382
46, 720

19, 454
80. 0
360
44, 113

20, 272
87.4
375
45, 953

20, 187
82.7
376
46, 056

19 944
78 1
374
45 445

20 514
88 1
390
46 869

9i 371
91 5
409
48 945

22 412
91 6
426
51 150

9i 670
97 5
40<)
49 505

4,349
2.302

2, 384

1,442

4,519
1,539

2,368

2,948

4,389
3,324

1,253

1 862

4,757
2 379

1 684

1 932

5.580
5.125

i 5. 430
i 4. 850

i 5. 450
i 5. 025

i 5. 450
i 4. 975

i 5. 420
i 5. 005

i 5. 630
i 5. 185

i 5. 690
i 4. 975

474
1,437
1,793
352

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 Ib..
Hog-corn price ratio
bu. of corn equal in value to 100 Ib. of live hog..
Sheep and lambs:
Slaughter (federally inspected)
thous. of animals..
Receipts, principal markets
do
Shipments, feeder, to 9 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
dol. per 100 Ib
Lambs, feeder, good and choice (Omaha)., do
MEATS
Total meats:
Production (carcass weight, leaf lard out), inspected
slaughter
mil of Ib
Stocks (excluding lard), cold storage, end of month
mil. of lb._
Exports (including lard)
do
Imports (excluding lard)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of month
thous. of lb_.
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York) .
_.
dol. per Ib
Lamb and mutton:
Production, inspected slaughter
thous. of lb_.
Stocks, cold storage, end of month
do
Pork (including lard), production, inspected slaughter
mil. of l b _ _
Pork (excluding lard) :
Production inspected slaughter
thous of Ib
Stocks, cold storage, end of month
do
Exports
do
Imports
_
do
Prices, wholesale:
Hams smoked, composite
dol per Ib
Fresh loins, 8-12 Ib. average (New York)
do
Lard:
Production, inspected slaughter
thous of Ib
Stocks dry and cold storage, end of month
do
Exports
- . _ _
do
Price, wholesale, refined (Chicago)
dol. per lb_.

i
j

!

424
1,441
1,751
386

377
1,219
1,416
291

423
1,334
1,753
344

406
1,433
1,759
477

358
1,412
1,633
349

366
1,473
1,793
295

27 01
25.81
32.50

2

27 81
26.10
36. 50

2

27.44
25.97
36. 00

2

28 22
27.78
33. 00

2

29 32
28.63
35. 00

2

28 82
28.69
35. 00

2

28 15
27.24
30. 50

1
1

5. 730
5. 065

1
1

382
1,557
1 699
329

2

27 61
26.47
28. 50

5.550
5.070

1
1

359
1,450
1 855
444

2

27 36
25.96
30 00

5. 500
5, 100

1
5
1

*5 540
5. 165

88 4
413
49 527

4,847
3 721

560
5. 165

1

i 5 460
i 5. 150

456
1 552
1 815
544

413
1 564

25 26
22.51
30 00

26 10
23.31

415
1 539
2 197
862

2

91 f;3Q

471
1 586
2 401
1,143

438
1 462
2 243
1,016

27 48
25.38
29 50

27 06
24.41
2 29 00

26 31
23.34
2 29 50

2

5,814
3,015

5,885
2,993

5,686
2,751

5,733
2,900

5,652
2, 899

4,970
2,551

4,902
2,635

5,184
2 623

4,977
2 539

5, 767
2 881

6,646
3 216

6,337
3 299

6,968
5 462

6,517

17.42

16.25

15.32

15.72

15.77

15.59

14.94

13.02

13.56

13. 20

12.60

12.19

11.19

12.08

17.2

16.1

14.8

14.5

13.8

13.5

12.9

11.8

12.4

12.3

12.7

12.4

11.7

12.4

1,061
937
121

1,322
1,128
163

1,080
875
153

1,143
1,009
120

1,101
1,005
156

1,017
962
192

1,056
936
168

1,107
912
220

1,010
1,061
431

1,177
1,474
560

1,200
1,527
532

1,070
1 089
250

1,182
1,002
141

1, 236

19.75
20.88

18.62
19.75

18.62
19.71

21.25
19.55

21.50
19.88

24.75
20.28

25.25
20.62

22.50
19.46

22.00
19.50

20 62
19.08

19 75
18.80

18 50
18 13

17 75
17. 10

19. 50
17. 70

2,048

2.084

1,862

1,950

2,013

1,890

1,916

1,991

1,840

2 038

2 238

2 128

2,322

462
49
85

499
68
80

582
78
66

602
66
64

660
63
94

647
73
84

582
72
101

513
87
87

432
75
88

408
94
108

421
102
66

477
109
54

r544

919.7
189, 655
2, 619
43 764

929.7
189, 467
1,919
42, 574

783.1
186, 850
1,470
38, 945

855. 4
184, 641
1,850
28, 767

912.3
184, 291
2,039
52, 579

898.2
184, 571
2,283
43, 688

926.9
177, 562
1,759
56, 785

975.7
172, 748
2,124
58 401

902.7
170, 816
2,190
70,218

962 3
178, 606
2,729
88 618

991 5
170, 689
3 379
48 452

913.4
986.0
186, 134 ' 212, 069
2,560
3,117
37 805
59 387

205, 147

.449

.45fi

.462

.481

.482

.485

.494

.491

.480

.469

.461

.473

.461

.454

51, 927
9,189

66, 846
10, 118

55, 104
11,053

57, 520
10, 991

54, 888
13, 478

48, 144
15, 730

48, 010
16, 614

50,008
17, 374

45, 719
14, 605

54, 344
13, 736

55, 886
12, 300

50, 800
12,624

57, 552
' 14, 794 ""13." 988

1, 076. 2

1, 087. 0

1, 023. 5

1, 036. 6

1, 046. 2

944.0

941.3

965.4

892.0

1,021.6

1, 190. 2

1,163.4

800 301
206, 414
4,831
18, 918

812 884
240, 489
4,976
18, 404

771, 769
319, 951
7,500
12, 900

775, 119
337, 120
4,824
16, 538

781, 917
380, 997
4,431
18, 829

698, 326
365, 360
5,709
15, 689

701,039
313, 141
4,801
15, 705

713 515
248, 352
5,788
15, 678

670 330
183, 745
6, 825
11, 885

773 253
163, 447
6,546
12, 101

902 803
184, 825
6,896
11, 858

876, 741 954, 721
223, 830 «• 264, 280
4,668
7,979
13, 484
11,875

.571
.478

.539
.480

.500
.430

.506
.422

.496
.453

.496
.463

.490
.496

.464
.457

.450
.446

.454
.480

.439
.460

201, 269
92, 763
26, 129
.128

200, 784
109, 100
42, 149
.124

183, 679
117, 900
56, 521
.121

191, 489
132, 200
41, 910
.120

193, 530
146, 900
41, 248
.123

179, 111
158, 200
45, 163
.120

175, 734
147, 800
46, 840
.120

183, 991
135, 600
58, 365
.113

161,921
100, 300
39, 535
.108

181, 780
93, 000
57, 279
.118

210, 031
80, 400
67, 845
.114

r

POULTRY AND EGGS
Poultry:
521
Slaughter (commercial production)
mil of Ib
Stocks, cold storage (frozen), end of month
thous. of lb__ 346, 603
162, 055
Turkeys
do
Price, in Georgia producing area, live broilers
.141
dol. per lb._
Eggs:
14.6
Production on farms
.mil. of cases 9 _.
Stocks, cold storage, end of month:
53
Shell
thous. of cases
57, 082
Frozen
. thous. of Ib
Price, wholesale, extras, large (delivered; Chicago)
.365
dol. per doz__

402

346

393

432

497

482

475

545

600

699

331, 835
160, 476

293, 562
140, 510

250, 298
112, 252

215,310
86, 699

199, 037
67, 688

196, 847
64, 816

196, 438
66, 885

226,474
87, 115

277, 086
133. 501

384,611
220, 370

.175

.165

.170

.155

.152

.150

.150

.145

.148

.142

14.9

14.1

16.5

16.1

15.9

14.3

13.7

13.1

12.6

13.3

57
47, 085

52
45, 701

107
55, 015

532
85, 119

1,004
119, 273

1,054
149, 175

888
152, 105

739
149,086

554
134. 786

.356

.343

.315

.263

.245

.275

.291

.312

22, 271
.368

15, 357
.358

19, 202
.378

20, 215
.368

20, 885
.378

18, 668
.381

12, 593
.358

12, 710
.370

596

68
81

1.278.9

.450
.411
f

p. 450
.375

208, 587
92, 100
70, 722
.115

238, 203
123, 700
36, 585
P. 108

604

309, 489

456

352, 826 '316,686
183, 329 r 149, 176

301, 860
143, 202

.140

.175

.162

13.2

14.3

14.8

469
119,355

297
96, 175

r 188

78, 678

304
75. 473

.407

.342

.307

.289

.259

18, 614
.383

8,048
.358

14,388
.330

32. 854
.309

r

MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)
Price, wholesale. Accra (New York)
r

1

long tons_.
dol. Der lb_.

41, 190
.410

Beginning January 1959, quotations are for 100.pounds of flour in bulk rather than in sacks as formerly, January 1959 prices comparable with earlier
Revised.
*> Preliminary.
_ _„
„
, ,
... .
0
Beginning January 1959, data reflect prices at National Stockyards, 111.; not comdata: $5.710 per 100-pound sack for spring wheat flour (Minneapolis) and $5.100 for winter (Kansas City).
parable with data through December 1958 (January 1959 price at Chicago, $33.00).
9 Cases of 30 dozen.




SUEVEY OF CUKEENT BUSINESS

February 1 6
90
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

December

S-29

1959

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
MISCELLANEOUS FOOD PRODUCTS— Con.
Coffee (green):
Inventories (roasters', importers', dealers'), end of
2,114
quarter
thous. of bagscf
Roastings (green weight), quarterly total
do
5,570
Imports
do
2,030
From Brazil _
.. _.
do--_
877
Price, wholesale, Santos, No. 4 (New York)
dol. perlb..
.423
Confectionery, manufacturers' sales
thous. of dol._ 105, 000

1 781

1 840

2 278
4,987
1,508

1 253

959

2 410
5,829
2 252
1,119

469

2 159
1.275

3 125
5 204
3 044
1 615

1,473
738

1,621
601

3, 266
5, 678
2,369
110

.410
104, 287

.378
96, 185

37fi
to
88, 415

.376
74, 019

.365
72, 139

.378
66, 868

.365
73, 303

.360
131, 666

.353
127 496

'.373
122 509

. 361
112 724

153, 778

141,027

142, 584

161, 252

176, 594

200, 907

230, 052

240,248

237, 586 r 242, 728

1 588

2 279

.415
108, 520

514

725

827

614

Fish:
Stocks, cold storage, end of month
thous. of lb._ 214, 516 187, 786
Sugar:
Cuban stocks, raw, end of month
' 531
thous. of Spanish tons..
667
United States:
Deliveries and supply (raw basis) :
Production and receipts:
588, 066 186 671
Production
. short tons
Entries from off-shore, total 9
...do .
184,445 593, 251
77, 556
68, 761
Hawaii and Puerto Rico
-do

1,452

2,776

4,106

4,391

4,076

3,350

2,821

2, 247

1,962

1,780

1 477

73 925
438, 836
141, 154

42 367
596, 387
152, 535

45 312
612, 751
171, 633

44, 259
637, 787
136,094

47, 436
736,911
240, 470

r 27, 788
714, 619
197, 555

79, 589
618, 316
181, 940

132 639
807, 704
243, 097

627, 591
275, 623
159, 200

846, 769
251, 474
155, 091

142 610
78, 107

849. 564
Deliveries total
- do
For domestic consumption
do
For export
do
Stocks, raw and refined, end of month
thous. of short tons..
1.873
Exports
-. . short tons
468
Imports:
291,391
Haw sugar, total 9
do
222, 777
From Cuba
-- do
2, 965
From Philippine Islands
do

572, 154
565 056
7,098

547 786
542 834
4 952

717 767
712 198
5 569

733, 510
723 503
10 007

975, 454
968 782
6 672

781, 190
774 670
6, 520

897, 874
886 772
11,102

919, 941 1,006,135
909 235 9Q2 427
10, 706
13 708

658, 754
652, 252
6, 502

617, 143
612, 327
4,814

1,916
519

1,912
492

1.828
507

1,755
981

1,463
371

1,469
548

1,282
620

1,078
399

954
336

1,247
684

1,611
490

713

292, 962
186,624
54, 467

297, 859
169 797
70, 835

387, 484
250 080
111, 170

383, 165
313 744
69, 399

416, 193
327, 645
88, 495

404, 287
307, 760
96, 525

425, 156
309, 828
115,329

414, 243
278, 112
125, 158

440, 431
284 275
130, 500

190, 871 157, 050
119, 022 115. 442
3.360
67, 463

238, 722
177 891
9. 520

3,047
1,050

31, 364
23, 049

45, 686
37, 552

50, 361
42, 586

55, 477
44, 502

61, 197
51, 487

77, 860
68, 113

99, 534
88, 733

23,212
5,099

16, 203
4,839

13 830
9,085

7,921
1,240

4 499
1, 530

.065

.062

.060

.058

.057

.063

.063

.063

.063

.065

.066

.064

p 062

.549
.083
10, 071

. 553
.086
8,983

.554
.086
9,696

.550
.086
8,228

.556
.086
7,264

.557
.088
9,130

.549
.088
8,131

.366

.549
p 088
11 043

Refined sugar, total..
From Cuba
Prices (New York):
Raw, wholesale...
Refined:
Retail§
Wholesale (excl. excise tax)
Tea, imports

do
do
..dol. perlb._

.553
dol. per 5 Ib
.086
dol. per lb__
.. thous. of Ib
11,121

Baking or frying fats (incl. shortening):*
Production
mil. o f l b
Stocks (producers' and warehouse), end of month
mil. o f l b . _
Salad or cooking oils:*
Production
- do
Stocks (producers' and warehouse), end of month
mil. oflb..
Margarine:
Production
do
Stocks (producers' and warehouse), end of month
mil. of l b _ _
Price, wholesale (colored; delivered; eastern U.S.)
dol. per lb._

.539
.085
8,635

. 552
.085
9, 057

173. 1

187 3

198 0

197. 0

189 4

185 9

183.5

147.2

186.8

1S6 9

200.0

201.9

185 9

131.7

113.3

119.3

123.4

136.4

140.7

142.5

116.7

114.6

106. 1

111.0

110.9

116 0

153.5

140.9

137 7

157.3

158.5

164.3

186.0

155.2

147.6

128 8

120.3

124.4

130 1

55. 6
r

. 553
.086
8,498

.551
.083
10, 949

60.5

74.0

68.1

66.6

58.5

51.6

48.7

40.3

40.9

41.7

47.0

54 1

148. 9

149.4

149 0

132.1

123.6

115. 7

122.7

115.7

118.9

130.9

146.1

143.5

163 8

' 38. 3

34.0

38.4

41.5

43.2

36.3

33.5

33.9

34.3

30.2

32.6

30.4

34 0

.262

.262

.262

.250

.250

.243

.250

.253

.253

.253

.253

.238

p 238

FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
23.2
27.0
27 0
25.9
26.2
Production (quantities rendered)
mil. of lb. _ r 27 2
25 4
22.6
25.3
30.5
29.5
29.7
25.3
3
26.8
25.5
23.4
22.0
21.0
23. 1
25 1
24.2
19! 7
18.2
28 9
23. 6
20.8
Consumption (factory) 5
do
Stocks (factory and warehouse), end of month
19.2
28.2
23.9
23 2
19.2
29.6
31.1
do
21.5
30.3
29.8
31.3
133.1
28.5
Tallow and grease (except wool), inedible :t
268.2
235.5
240.6
253. 1
240.0
236. 5
226. 8
* 223. 6
264 4
236. 6
221.6
229.6
Production (quantities rendered)
do
240.0
145.3
153.3
119.1
160. 9
153.2
140.2
137.0
150.6
159.2
' 157. 2
143. 1
148.6
148.0
Consumption (factory)*!
do__
Stocks (factory and warehouse), end of month
332. 5
333.1
322.8
326. 6
316.6
r 296. 0
297. 2
294.2
do
333.1
299.5
299.4
327.0
310.8
Fish and marine mammal oils:J
.1
34. 0
32.4
15.6
36.1
3.1
18.5
2.3
17.5
.3
' 14.3
Production
do
'8.5
.6
r
r
6.8
6.1
6.0
6.9
9. 5
6.3
6.8
6.2
5.4
10.9
10 4
6.0
7.0
Consumption (factory) O
do
Stocks (factory and warehouse), end of month O
130.9 r 147. 2
125.6
129.7
103. 4
125. 9
136.2
117.2
117.6
110.2
mil. oflb.. ' 142. 3
131.9
133.7
Vegetable oils and related products:
Vegetable oils (total crude and refined):
234.1
169. 0
177.2
117.2
108.4
91.6
186.4
164.6
71.7
130.4
87.3
42.0
109.7
Exports
do
39.1
49.1
42.1
47.9
50. 7
43.6
44.3
44.2
50. 4
37.7
Imports
do
44.0
50.0
37.0
Coconut oil:
Production:
42.4
43.9
34.0
38.1
38.4
41.4
28.9
36.5
28.9
35.1
30.4
34.7
44.3
Crude
_
do
34.3
29.1
31.0
35.4
28 4
29.4
36 4
26. 1
27 7
36.0
31.2
29.2
Refined©
do
30.8
r
1
47.3
39.5
53.6
47.7
42.1
49 2
46.4
50.1
51.5
51.0
Consumption in end products
__do
42.8
43.2
39.3
Stocks, crude and refined (factory and warehouse),
51.1
44.6
61.4
67.0
49.0
39.9
59.1
43.7
47.2
47.8
» 63.5
end of month
_
mil. oflb..
44.8
47.3
14.1
17.7
15. 6
17.1
17.8
15.1
9.7
20.6
22.9
17.4
8.9
14.5
21.3
Imports
do
Corn oil:*
Production:
27.3
24.4
26.7
26.3
25.4
26.9
'25.0
25.8
25.0
22.9
25.5
22.8
21.7
Crude
do ..
23.6
27.8
27.2
27.1
25.3
28.1
25.1
26.2
28.0
25.3
20.4
22.2
21.8
Refined©
_
_.
..do
1
29.4
29 1
20.8
25.2
26.7
24.9
26.7
29.8
28.0
26.0
21.9
17.0
17.8
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
26.9
31.0
29.6
' 30. 0 27.0
23.6
31.2
29.2
27.9
30.5
30.8
end of month
mil. of lb__ 130.6
30.7
r
l
Revised.
*> Preliminary.
Beginning December 1958 includes amounts for hydrogenated fats (vegetable and animal) and other fats and oils "in process"; strictly comparable
data for earlier months not available.
cPBags of 132.276 lb.
9 Includes data not shown separately.
§Price for New York and northeastern New Jersey.
*New series; comparable data prior to December 1958 not available, except for corn oil which may be obtained from Census reports.
AFor data on lard see p. S-28.
1 Consumption data exclude quantities used in refining.
JFor January-November 1958 revisions, see Census report, "Fats and Oils, 1958" (Series M28-1-08).
O Consumption figures
exclude data for cod, cod-liver, and other liver oils, and stocks include only the quantities of these oils held by producing firms. ©Production of refined oils covers once-refined oils (alkali
refined).




SURVEY OF CUEEENT BUSINESS

S-30
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

December

February 1960

1959

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED PRODUCTS— Con.
Vegetable oils and related products— Con.
Cottonseed:|
Consumption (crushings). . thous. of short tons
Stocks Cat oil mills), end of month
_
do
Cottonseed cake and meal t
Production
do
Stocks (at oil mills), end of month . do
Cottonseed oil:
Production:
Crude!
. _ _ _ _ .
..
mil. o f Ib
Refined cf
do
Consumption in end products.-_do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil of Ib
Price, wholesale (refined; drums; N.Y.). dol. per Ib

r
546. 8
1,929.9

547. ]
440.1
1 , 507. 4 1, 126. 2

432. 6
722.8

323. 5
405. 5

179.2
233. 1

116,6
130,0

97.4
100.3

149.3
265. 5

501 1
887.5

782.2
1, 937. 5

733 2
2, 609. 0

083 5
2,441. 2

260 3
78. f>

252 3
79.6

201.8
103.8

195 2
139. 8

151. 5
166.4

85 9
170. 5

55 1
153. 7

45 5
116.3

70 1
87.8

226 9
97.0

361 8
110.8

341 1
113.1

311 9
110 4

r
1
1

184. 5
150 1
102. 9

188. 1
143 1
95.7

152.6
113 9
96.7

148 9
116 8
97.5

116.5
106 3
98.2

65.4
69 9
93.7

41 5
60 8
90.2

35 0
40 6
73.6

50 3
51 2
75.7

163 4
103 7
87.8

263 0
143 1
98.5

246 3
153 3
101.4

226 7
160 0
98.7

1

385 6

422 2

433.3

477 2

410 0

344 3

273 5

214 2

166 1
2.168

203 4
.156

311 6
.148

389 4
143

462 8
p. 141

46.6
60.6
2.97

52. 8
28. 1
2.99

31.6
13.7
3.01

46.8
58.6
3.03

37.9
48.7
3.01

54. 8
70.0
2.97

81.7
67.7
3.28

83.0
93.4
3.42

84.7
98.4
3.68

48.5
82.3
3.85

49.9
95.8
3.58

33.4
29.9

37 3
32.6

22.4
37.8

33.5
40.8

26 8
39.0

39.3
36.1

58 9
38.8

59 0
33.0

60.2
30.5

34 8
23.8

35 6
23.3

141.3
.128

152.6
.128

132.7
. 126

121.9
.125

97.4
. 125

92.9
.125

105.0
.127

121.6
.133

134.7
.139

142.8
.145

149.7
P. 142

1,019.0
2, 593. 5

1,080.3 1, 037. 5 1,091.6
2, 219. 8 1, 846. 3 1, 520. 2

994.7
1,346.5

957 4
1, 090. 8

888.8
501.9

823.8
750.5

1, 060. 2
2, 367. 8

r
r

1,081.6
3,202. 8

1.013.7
3.017. 1

1 , 575. 4
169.4

1, 677. 4
186.6

1, 596. 2
200.4

1,685.0
299.2

1,540 4
306.4

1,491 4
232.8

1,395 4
193.0

1 270 6
108.2

1, 618. 4
145.2

r

1,653 6
r
153. 0

1 , 553 6
126. 6

355. 3
301.9
276.8

380.8
303.8
286.0

365. 6
321.7
282.9

385.5
272.9
278.7

355. 2
307.9
308.9

344.1
257. 7
255.1

318.6
283.1
268.5

296.9
236.8
258.9

391.2
272.9
266. G

' 392. 6
265.4
253.0

369.2
290.0
271. 6

455.2

476.0

512.6

512.6

472.9

464.4

386.6
2
.135

298.3
.133

321.4
.128

r

507. 4
p 117

24, 180
11,429

24, 951
13,306

4,449
25, 777
12, 671

23, 562
13, 481

38, 865
13. 324

4, 583
93, 654
11. 698

50, 144
14, 140

49, 748
12,719

4.854
57, 518
10. 647

15,643
5,869
6,662
3,113

14, 175
5,610
5,677
2,888

13, 367
5,480
5,011
2,875

2, 853
2,403
36,190
43, 060
566, 419 '-663,329

3,062
34.318
441, 503

Flaxseed:
60. 6
Consumption (crushings)
thous. of short tons
63.8
108.6
79.3
Stocks (at oil mills), end of month
do
3.00
Price, wholesale (No. 1; Minneapolis) _ dol. per bu.. 2.99
Linseed oil:
43.7
45.5
Production, crude (raw)
mil. of Ib
26.9
*24.7
Consumption in end products!- - do
Stocks, crude and refined (factory and warehouse),
1 131.4
150. 4
end of month
_
mil. of Ib
.129
.126
Price, wholesale (Minneapolis)- .- -- .dol. per Ib
Soybeans:
Consumption (crushings)
thous. of short tons r 1, 033. 3 1, 100. 6
2, 982. 3 2, 829. 3
Stocks (at oil mills), end of month! _ do
Soybean cake and meal:*!
Production
mil of Ib '1,619.9 1, 745. 2
r
136.4
105. 5
Stocks (at oil mills) end of month
do
Soybean oil:
Production:
359.9
385. 5
Crude
do-.-312.9
308.8
Refined d"
do
1
275.9
278. 7
Consumption in end products!
do
Stocks, crude and refined (factory and warehouse),
380.4
end ofTmonth
mil of Ib r 1318. 6
Price w holesale (refined* N Y )
dol per Ib
TOBACCO
Leaf:
Production (crop estimate)
mil of Ib
Stocks, dealers' and manufacturers', end of quarter,
total
mil of Ib
Exports including scrap and stems
thous of Ib
Imports including scrap and stems
do
Manufactured products:
Production manufactured tobacco total
do
Chewing plug and twist
do
Smoking
do
Snuff
do
Consumption (withdrawals) :
Cigarettes (small):
Tax-free
- - - millions.. Tax-paid
_
- .-- do Cigars (large) tax-paid
thousands
Manufactured tobacco and snuff, tax-paid
thous of Ib
Exports cigarettes
millions

3

422. 7
. 119

3.50

* 1,800

1, 736

4,977
48, 889
10 659

27, 470
13, 624

17,019
11, 804

4,841
33, 219
12, 883

a 13, 465
o 5, 255
5, 274
2, 936

14, 951
5,919
6, 083
2,949

13, 855
5, 433
5, 647
2, 775

14, 542
5, 40-4
6,143
2,995

15,381
5. 712
6, 758
2,912

14. 180
5, 487
6,003
2, 689

15, 368
6, 041
6, 442
2, 885

14, 094
6. 065
5, 896
2, 133

14, 701
5.484
6. 255
2, 963

15,397
5, 689
6,600
3,108

2,711
33, 953
«402, 108

2, 636
36, 242
441.969

2, 674
34,614
453. 367

2,783
35. 493
511,721

3,216
38, 097
525, 850

2, 974
37, 252
618, 105

3, 240
38,413
650, 072

3, 514
39. 908
514, 704

3. 003
40, 926
529, 159

3, 470
39, 165
552, 708

<» 13,472
1,297

14, 526
1, 350

13, 518
1,428

14. 325
1,478

15, 044
1,600

14, 080
1,621

15, 227
1, 598

13, 148
1,938

14, 502
2, 042

14, 788
2,253

15, 157
1,038

14, 093
1,567

13, 293
1,663

LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous of dol
Calf and kip skins
thous of skins
Cattle hides
thous of hides
Imports:
Value total 9
thous of dol
Sheep and lamb skins
thous of pieces
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins packer heavy 9V&/15 Ib
dol per Ib
LEATHER
Production:
Calf and whole kip
thous of skins
Cattle hide, and side kip.-_thous. of hides and kips_.
Goat and kid
thous of skins
Sheep and lamb
do
Exports:
Glove End garment leather
thous of sq ft
Upper and lining leather
do
Prices, wholesale:
Sole bends light f o b tannery
dol per Ib
Upper, chrome calf, B and C grades, f.o.b. tannery
dol. per sq. ft_.
r
1

3,997
146
389

3, 882
165
341

4, 142
119
380

5,019
177
390

3,946
150
323

7,229
225
459

5, 427
174
285

5,608
137
326

5.253
141
282

4.834
126
267

6, 104
162
326

6,939
187
466

4. 422
134
311

5,186
1, 433
2,150

6,381
1,905
2, 576

5, 468
2,332
1,958

9, 690
6,364
2,243

8,872
4,364
2,217

7,916
3, 325
2, 338

9, 034
3,943
2,027

7,352
2,397
2,295

5,604
1,336
1,938

9,235
4, 591
2,017

6,372
1,339
2,130

5,896
1,326
1,871

5,409
1,053
1, 805

.650
.118

.650
.123

.675
.133

.675
.183

.750
.253

.875
.203

.700
.243

.725
.243

.725
.238

. 650
.228

.550
.193

.425
.130

p. 500
p. 147

727
2,162
1,768
2,379

689
2, 153
1, 973
2,400

626
2,046
1,747
2, 396

597
2, 095
1,894
2, 396

665
2,088
1,973
2,524

561
2,034
2,032
2,865

532
1,921
2,139
2,601

416
1,598
1,877
2,262

515
1,873
1,739
3,123

492
1,795
1,792
2,674

497
1,912
1,894
2,601

461
1,771
1,754
2,634

1,126
2,767

1,342
2,988

1,234
2,633

1,629
2,339

2,097
2,849

2,470
3,793

2,124
2,826

1,250
2,387

1,758
2,377

1,713
2.566

1,794
3, 563

1,624
3,408

.657

.657

.697

.710

1.010

.945

.947

.953

.943

.943

.900

1.308

1.308

1.308

1.345

1.403

1.478

1.425

1.385

1.385

1.368

1.292

1,637
3,175

.800
r

P. 760

1. 197

p 1.215

Revised.
* Preliminary.
Beginning December 1958 includes amounts for hydrogenate d fats (ve getable ar d animal and othe r fats and oils "in p rocess." Strictly c ornparabl e data for earlier m<jnths are lot avail3 R evised est iinate of 1 958 crop.
able.
2 Beginning August 1959, price is quoted on carl ot basis; rtot compa rable wit] i previous ly publislled data t hrough JLily 1959 w hich are o n I.c.l. bas is.
no i no\
4 December 1 estimate of 1959 crop.
!For 1958 revisions, see Census report, "Fats and Oils, 1958" (Series M28-1-08).
cf Production of refined oils covers only once-refined (alkali refined).
*New series; data prior to August 1958 are available from reports of the compiling agency (Bureau of the Census)
9 Includes data for items not shown separately.
° Revisions for 1958 (units as indicated): Manufactured products, production— total, March, 14,635; (May-August) 16,084; 15, 348; 13,678; 15,239; October, 17,721; November, 13,452; chewing,
ember) 512,048: 536,006; 546,709; 591,725; 618,155;
plug, and twist, (March-August) 5,346; 5,793; 6,131; 6,068; 5,699; 5,686; October, 6,492; November, 5,392; co-nm-mpfion (tax-paid)— cigars, (July-Novem
manufactured tobacco and snuti, March, 14,364; (May-August) 15,652; 14,886; 13,691; 15,261; October, IV, 23r, November, 13,204.




SURVEY OF CURRENT BUSINESS

February 1060

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959

1958

December

S-31

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
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
\tnletic
do
Other footwear
do
E \ ports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, cattle hide upper,
Goodyear welt
1947-49= 100
Women's oxfords, elk side upper, Goodyear welt
1947-49-100
Women's pumps low-medium Quality
do

48 216

53 333

54 258

57, 547

56, 048

51, 444

53, 428

51 354

54, 672

53 437

52, 378

45, 800

48, 409

43, 272

49, 472

48, 948

51, 476

49, 044

44, 737

46, 375

44, 344

46, 059

43 947

42, 991

37, 606

42, 950

9, 150
1,990
22, 269
6,420
3,443

9, 675
2,187
26, 229
7,670
3,711

9, 580
2,233
26, 269
7,321
3, 545

10, 425
2,318
27, 797
7,398
3,538

10, 523
2,195
26, 875
6, 239
3,212

9,498
2, 110
24, 161
5,902
3, 066

9.305
2, 158
25, 535
6, 395
2,982

8, 325
2, 451
24, 655
6, 367
2, 546

9,142
2,284
25, 264
6,370
2,999

9,235
2,213
23, 394
6,092
3 013

9,053
2,032
22, 686
6,000
3,220

8,071
1,766
19, 619
5,243
2,907

8, 803
2,080
22, 439
6, 333
3, 295

3, 9-57
482
505
162

3,073
475
313
186

4,397
534
379
256

4, 925
631
515
292

5, 786
635
583
285

5,519
665
523
255

5, 796
698
559
215

5,889
592
529
214

7,341
653
619
233

8 278
669
543
248

8, 230
615
542
270

7,143
551
500
268

4, 393
560
506
186

124.4

124.4

124.4

124. 6

128.7

128.7

128.7

129.5

134.4

134. 4

137.4

137.4

v 137. 4

134. 8
120.2

134. 8
120. 2

134.8
120.2

134.8
120.2

138. 8
130.4

142. 7
132. 0

142.7
132.0

142.7
132.0

150.6
132.0

146. 7
132. 0

146. 7
132.0

146. 7
* 133. 7

p 146. 7
p 133. 7

LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
Xational Lumber Manufacturers Association:
Production total
mil bd ft
Hardwoods
do
Softwoods
do
Shipments total
do
Hardwoods
do
Softwoods
do
Stock^ (gross), mill end of month total
Hardwoods
Softwoods

do
do
do

2 716
528
2,188
2,668
526
2,142

2 650
546
2,104
2, 662
546
2,116

2 642
554
2,088
2, 682
585
2,097

2 964
597
2,367
3, 111
591
2,520

3 121
603
2,518
3,271
599
2,672

3 163
639
2,524
3,221
593
2,628

3 216
599
2,617
3,217
558
2, 659

3 136
623
2,513
3 146
538
2,608

3 171
643
2,528
3,137
607
2,530

3 324
635
2,689
3 119
566
2, 553

3 304
633
2,671
3,145
627
2,518

2 892
593
2,299
2,639
564
2,075

2 947
560
2, 387
2,804
538
2, 266

9,144
3 531
5, 613

9,132
3 531
5, 601

9,091
3 500
5, 591

8,945
3 506
5, 439

8, 846
3 510
5,336

8,779
3, 555
5,223

8, 778
3 597
5, 181

8,782
3 682
5, 100

8,816
3 717
5,099

9,022
3 787
5,235

9,212
3,793
5,419

9,465
3 822
5, 643

9, 610
3,844
5,766

Fxports total sawmill products
Imports, total sawmill products

_

M bd. ft
_ do

56, 670
309, 872

48, 454
257, 384

45, 213
258, 844

86, 748
333, 370

52, 812
337, 937

59, 320
357, 910

65, 969
490, 723

66, 833
447, 255

70, 181
373, 098

76, 067
315, 658

70. 934
318, 744

68, 081
312, 434

76, 662
271, 351

SOFTWOODS
Douglas fir:
Orders new
Orders, unfilled, end of month
Production
Shipments
Stocks (gross), mill, end of month

mil bd ft
do
do
do
_ . __ do._

742
600
631
654
877

696
660
641
636
882

603
681
588
582
887

709
662
706
729
865

779
678
729
763
882

791
735
717
734
857

636
579
760
792
826

775
658
671
695
812

671
633
667
696
786

654
587
739
699
826

647
554
731
680
905

630
571
680
613
971

833
703
715
701
985

20, 731
16, 574
21, 673
Exports, total sawmill products
M bd, ft
7,437
9, 254
10, 197
Sawed timber
do
9, 137
12, 419
10, 534
Boards planks scantlings etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
1
82. 279
79. 907
dol. per M bd. f t _ _ 78. 659
Flooring, C and better, F. G., 1" x 4", R. L.
121. 002 U21.072 123.808
dol. TXT M bd. ft
Southern pine:
577
506
566
Orders new
mil bd ft
219
188
173
Orders, unfilled, end of month
do
582
554
584
Production
do
546
527
551
Shipments
do
Stocks (gross), mill and concentration yards, end of
1,824
1, 865
1,857
month
mil. bd. ft
4,855
6,845
5,103
Exports total sawmill products
M bd ft
1,002
974
1, 129
Sawed timber
do
3,974
3,853
5,871
Boards, planks, scantlings, etc..
do__.
Prices, wholesale, composite:
Boards, No. 2 and better, 1" x 6", R. L.
78. 184
78. 239
78. 181
dol. per M bd. ft
Flooring, B and better, F. G., 1" x 4", S. L.
136. 752 137. 128 136.902
dol per M bd ft
Western pine:
747
651
657
Orders, new
mil. bd. ft
439
488
483
Orders, unfilled, end of month
do
617
653
555
Production
do
654
645
613
Shipments
__ .
_
do .
1,923
2,009
1,951
Stocks (gross), mill, end of month
do
Price, wholesale, Ponderosa, boards, No. 3 common,
70. 790 2 74. 940 2 73. 470
I" x 8"
_
dol. per M bd. ft

23, 724
14, 191
9, 533

21, 723
9. 561
12, 162

20, 377
12, 007
8, 370

28, 196
17, 510
10. 686

20, 361
11, 164
9 197

24, 146
13,190
10, 956

30, 415
17, 965
12, 450

29, 728
15,390
14, 338

26, 449
14, 194
12, 255

36, 436
22, 000
14, 436

84. 668

86. 032

87. 698

89. 825

89. 576

89.501

88. 637

87. 100

<• 82. 325

P 82. 654

127.212

127. 720

127.988

129. 959

130. 103

M31.112

131. 879

132. 055

702
248
636
673

715
255
661
708

702
281
646
676

680
278
642
683

695
261
675
712

669
277
614
653

655
267
667
665

630
230
690
667

510
194
606
546

514
179
616
529

1,828
6,950
1,241
4,709

1,781
6,917
1,033
4,884

1,751
7,500
1,932
5,568

1,710
6,756
739
5,017

1,675
8, 457
1 639
6,818

1,634
6,520
1,074
5,446

1,636
7,721
1,301
6,420

1,659
5,055
1,154
3,901

1,719
7,092
1,315
6,777

1, 806
8,412
1. 925
6, 487

78. 688

i 79. 806

i 80. 296

80. 768

81. 074

' SI .626

82. 331

82. 461

' 82. 273 p 82. 067

137. 279 1 138. 486 ' 137. 928 138. 009

138. 254

'139.512

140. 158

140. 158

140. 158 pl40. 607

762
357
886
818
1,842

812
343
907
826
1.923

806
336
874
813
1,984

775
527
658
736
1,845

776
490
752
814
1,783

805
468
787
827
1,743

748
426
825
790
1,778

817
414
825
829
1,774

2 75. 970

2 80. 290

2 82. 460

2 83. 540

282.310

1

2 81. 030 279.100

r

132. 463 pl31. 589

587
308
688
616
2,056

861
423
742
745
2,053

2 76. 650 ••275.660 P275. 531

HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, new
M bd. ft
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks (gross), mill end of month
do
Oak:
Orders, new
do
Orders, unfilled, end of month
_
do
Production
do
Shipments
.-.
_ .
do
Stocks (gross) mill end of month
do
Plywood (except container and packaging), qtrly. total :J
Shipments (market)
M! so ft surface measure
r

l

3,400
13, 100
3,400
2, 500
10, 850

3,600
12, 725
3,150
2,750
11, 225

3,050
12, 800
3,150
3,000
11, 400

3,500
13, 325
3,600
3,176
11, 675

4, 125
13, 150
3,650
3,950
11, 600

3,850
13, 275
3,500
3,425
11, 580

4,200
12, 900
3,050
4,300
10, 225

3,800
12, 950
3,050
3,750
9,625

3,800
12, 350
3,250
3,850
8,950

2,750
11, 700
3,675
3,350
9,500

2,925
11, 225
3,550
3,150
9,675

2,500
10, 800
2,850
2,900
9,700

3, 225
10, 975
3,375
2,825
10, 125

56, 877
33, 271
70, 641
61, 194
88, 261

97, 920
54, 134
75, 119
74, 853
84, 693

95, 050
72, 518
70, 769
76, 666
77, 062

92, 261
77, 913
77, 302
82, 964
70, 029

91, 028
80, 928
85, 913
89, 343
64, 889

79, 421
74, 152
84, 994
86, 197
63, 686

76, 281
62, 506
89, 322
89, 274
63, 734

76, 880
55, 819
90, 003
85,582
65, 454

79, 379
51,417
86, 499
85, 596
66, 357

76, 276
45, 977
88, 671
87, 220
67, 048

80, 262
42, 067
90, 435
84, 172
72,602

65, 439
36, 062
77, 529
69,615
77, 945

69. 145
37, 057
77, 792
70, 392
85, 345

228 249

241 550

235 882
2

224 260

Revised.
* Preliminary.
Not entirely comparable with data prior to month noted.
Not comparable with data through 1958; price is for boards, No. 3,1" x 12", R. L. (6' and over).
J Revisions for 1st qtr. 1957-2d qtr. 1958, respectively (units as above): 205,637; 195,812; 198,706; 191,276; 178,241; 181,467.




SURVEY OF CURRENT BUSINESS

S-32
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

February

1959
j
nonnrn

bei

January

February

March

April

May

June

1960

July

August September

October Novem- December
ber

January

METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excluding advanced manufactures and ferroalloys) :
Exports, total f
thous. of short tons
Steel mill products*
. do
Scrap
_ _ do
Imports, total f
do
Steel mill products*
do
Scrap
do

-492

229
14

'459
168
266
-275
241
18

286
-327
287
20

- 507
178
300
-433
359
19

-611
166
419
r
516
385
31

-633
191
408
-528
410
31

-685
157
497
- 577
430
24

- 622
51
552
-458
-323
31

-490
47
427
-458
366
12

-479
37
426
-451
362
14

-575
61
499
-659
460
41

o, 867
3,382
2,485
5,571
9,594

5, 752
3,517
2, 236
6,020
9,331

6,176
3, 640
2,536
0, 337
9,181

7,539
4,334
3,205
7,479
9,232

7, 476
4,390
3,087
7, 442
9,269

7. 349
4.393
2, 957
7,440
9.183

7,053
4,330
2,724
7,081
9, 200

4,122
2,299
1,823
4,015
9,309

2,276
925
1,352
2,100
9, 490

2,547
1, 069
1,478
2,368
9. 644

2,741
1,105
1,635
2,539
9,846

5, 450
2,921
2,529
5, 373
9.928

3,042
1.474
1,882

3,337
1,552
1,970

3. 665
1 , 493
1,482

3, 868
1 , 690
1,874

6. 166
4, 687
1,941

12.170
1 3. 743
3, 302

12,371
14,301
4,124

5, 723
7,118
3,188

645
762
3,182

829
727
3,802

782
562
3, 899

4,383
6,976
3. 815

3 948
9.588
35
73, 347
7,505
60, 205
5 577

3, 164
9, 828
47
68,134
9, 063
53, 601
5,470

3, 0415
9, 699
43
63, 621
11,448
46, 944
5, 229

3, 543
11,512
54
56, 800
13,629
38, 602
4, 569

5,852
11.540
24
51, 580
1 5, 1 1 7
32,914
3, 549

16,049
11,848
436
54, 685
13,565
37.115
4, 005

17, 763
11,131
456
59 535
11,646
43, 746
4, 143

1, 020

260

39

96

10, 147

10, 362

10. 461

11, 155

72

107

73

80

129

94

100

82

37

87

71

100

109

6, 025
5, 958

6, 212
6,283

6, 147
6,303

7, 462
7, 614

7,338
7,451

7. 684
7,692

7,232
7,376

3,544
- 3, 577

1948
1,003

1
949
1,088

1,018
1,172

4,199
4.479

7,573

3, 964

3, 895

3, 692

3,553

3,467

3, 492

3,432

- 3, 508

3,496

3,425

3,364

3,052

65. 95
66. 00
66.50

65. 95
66. 00
66. 50

65. 95
66. 00
66. 50

65. 95
66. 00
66. 50

65. 95
66. 00
66. 50

65. 95
66. 00
66. 50

65. 95
66. 00
66. 50

65. 95
66. 00
66.50

65. 95
66. 00
66.50

65.95
66.00
66.50

65.95
66.00
66.50

65.95
66.00
66.50

608
998
509

687
1,002
517

767
1,037
539

847
1,206
666

892
1.246
689

885
1,236
685

837
1,252
717

898
943
533

873
744
507

883
850
528

887
872
520

P885
p832
P516

66
68
40

77
73
44

90
75
42

96
84
50

103
91
54

100
83
50

95
85
51

75
69
43

86
65
40

82
76
46

85
76
49

P83
P58
P42

8,711
73
122.4

9.317
74
131.0

9, 603
85
149.5

11,568
92
162. 6

11.282
93
163. 9

11.601
93
163.1

10, 908
90
158.4

5, 232
42
73.5

1,439
12
20.2

1.535
13
22.3

1, 705
14
24.0

7, 268
60
105.6

104
81

105
83

110
86

131
104

134
105

135
106

144
112

107
84

98
79

100
80

106
85

p 109
*86

313.1
112.5
91.6

353.3
112.9
90.7

392. 0
112.7
91.5

396. 1
128.8
104.1

397.7
1 35. 7
105.7

393.5
141.8
104. 6

374. 6
140. 0
108. 1

376. 5
102.9
80.6

376.2
97.9
77.5

373.8
103.4
80.0

373.3
97.3
74.3

402.9
87.3
63.3

. 0698

. 0698

. 0698

. 0698

. 0698

. 0698

.0698

. 0698

. 0698

.0698

. 0698

. 0698

. 0698

95. 00
.0617

95. 00
. 0617

95.00
.0617

95. 00
. 061 7

95. 00
. 061 7

95. 00
. 0617

95. 00
.0617

95. 00
, 0617

95. 00
.0617

95. 00
.0617

95.00
.0617

95.00
. 061 7

v 95. 00
p . 0617

40. 31
43.00

241.86
43.00

241.33
44.00

2 35. 16
37.00

2 33. 41
35. 00

2 35. 67
36.00

2 38. 48
40.00

2 37. 63
38.00

239.17
38.00

1,491
1, 882

1,629
1,803

1,648
1,809

2,068
2,017

2, 546
2.157

2. 575
2, 523

1,983
2,848

1. 974
2,026

1,934
1. 684

1.884
1,484

2,120
1,286

2,653
1, 459

289
153
244
1,279
18,294

314
180
263
1, 426
24, 026

304
174
256
1,437
24, 633

341
185
287
1,576
26, 612

389
219
330
1,691
28. 987

400
219
346
1.606
30, 369

445
251
385
1,787
34, 263

502
302
451
1,621
31,160

615
423
546
1,444
29, 899

642
412
577
1,519
29, 088

382
234
327
- 1, 543
23, 434

-297
169
'257
1,362
18, 526

-337
' 169
140
'302
231
21

- 406

161
219
- 261

- 180

727
114
579
650
539
15

Iron and Steel Scrap
Production and receipts, total
thous. of short tons.Home scrap produced .__ .
do
Purchased scrap received (net)
do .
Consumption, total
do
Stocks, consumers', end of month
do __

Ore
Iron ore (operations in all U.S. districts):
Mine production
_ _ thous. of long tons
Shipments from mines.do
Imports J
_
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
Consumption at iron and steel plants
Exports, incl. reexports
Stocks total end of month
At mines _
At furnace yards
\t U S docks

do
do
do
do
do
do
do

Manganese (manganese content), general imports!
thous. of long toiis..

11,604
7 091
372
75, 705
8, 736
57, 635
9, 334

3, 035

126

Pig Iron and Iron Manufactures

Pig iron:
Production (excl. blast furnace prod, of ferroalloys)
thous. of short tons__
Consumption
do
Stocks (consumers' and suppliers'), end of month
thous. of short tons__
Prices:
Composite
dol. per long ton
Basic (furnace)
do
Foundry, No. 2, Northern
do
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 month
thous. of short tons__
Shipments, total
do
For sale
do

1

65. 95
P 66. 00
p 66. 50

65. 95

Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production
thous. of short tons..
Percent of capacity cf
Index
.
1947-49=100
Steel castings:
Shipments, total
thous. of short tons._
For sale total
do
Steel forgings (for sale):
Orders unfilled end of month
do
Shipments total
do
Drop and upset
do
Prices:
Composite, finished steel (carbon)
dol. per lb._
Steel billets, rerolling, carbon, f.o.b. mill
dol. per short ton__
Structural shapes (carbon), f.o.b. mill
dol. per l b _ _
Steel scrap, No. 1 heavy melting:
Composite (5 markets) §
dol per long ton
Pittsburgh district
do

39. 81
42. 00

2

- 11,989 p 12. 043
96
95
- 168. 5
169.3

. 0698

2 42. 04 - 2 44. 47 P 2 41. 23
41. 00
46.00
p 42. 00

Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Ordei'S unfilled end of month
thousands
Shipments
do
Cans, metal, shipments (in terms of steel consumed),
total for sale arid own use... thous. of short tons__
Food
do
Shipments for sale
do
Closures (for glass containers), production
millions..
Crowns, production
thousand gross. _
Steel products, net shipments:
Total (all erades)

316
176
273

1,339
4,842
1,283
8.211
4,131
1,419
8, 754
9, 700
6,524
8,118
8. 603
6, 186
5,512
253
132
386
416
357
344
346
270
248
248
315
277
657
570
593
554
568
410
360
387
434
754
418
788
701
694
558
651
509
500
Pl'i'es
do
47
75
192
120
192
160
56
123
167
69
Rails and accessories, _.
._.
-do
l
2
' Revised.
p Preliminary.
Including blast furnace production of ferroalloys.
Not entirely comparable with composite through 1958; see note marked "§".
t Revised (beginning in the February 1960 SURVEY) to include certain metal manufactures classified by the industry as steel mill products but heretofore omitted from the total shown i
Of

+

1 V»

^

thous of short tons

7 ~ T ~ ~ f ~ ~ l ' ~ 'T

rl/-i

'^ ^New^eries (from Bureau of the Census): revisions for January-November 1958 (thous. tons): Exports—total, 612; 516; 645; 633; 653; 429; 384; 363; 389; 550; 487; steel mill products, 327;
264; 266; 245; 163; 169; 171; 181; 269; 239; imports—total, 102; 93; 131; 133; 147; 187; 246; 216; 233; 303; 252; steel mill products, 71; 68; 102; 114; 118; 128; 171; 157; 180; 201; 175.
' t1
Scattered revisions for January 1957-July 1958 are available upon request.
d For
 1960 percent of capacity is calculated on annual capacity as of January 1, 1960, of 148,570,970 tons of steel; for 1959, as of January 1, 1959 (147,633,670 tons); 1958 (140,742,570 tons)
§ Represents the weighted average of consumers' buying prices (including brokerage), delivered, at following markets: Pittsburgh district, Chicago, Philadelphia, Birmingham,
http://fraser.stlouisfed.org/ 1958 only), San Francisco (beginning 1959).
Angeles (through

Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS

FeUruurv 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1958

December

S-33

1959

January

February

March

April

May

June

1960

July

i

August Septem- October November
ber

December

January

METALS AND MANUFACTURES—Continued
IRON AND STEEL- Continued
Steel, Manufactured Products — Continued
Steel products, net shipments— Continued
Bars and tool steel, total
thous. of short tons..
606
888
1,211
938
1,337
839
3 . 283
1,518
1,282
759
368
Bars: Hot rolled (incl. light shapes)
- do
656
890
623
845
579
969
825
502
901
Reinforcing
do
134
142
141
254
143
256
213
346
217
163
88
172
133
181
123
159
110
86
160
191
Cold finished -—
_.
do
554
Pipe and tubing
do
706
1,141
679
527
859
930
1,261
1,113
510
Wire and wire products
do
192
279
268
362
403
233
491
429
237
381
830
314
821
526
498
714
Tin mill products.
.do ...
200
553
349
818
1,943
2, 506
1, 563
2,714
3,174
2,648
Sheets and strip (incl. electrical), total
do
3, 275
3, 590
3,185
3,215
459
956
1,154
784
731
956
Sheets: Hot rolleddo
694
947
928
575
924
1,599
718
1 , 496
1 , 524
Cold rolled
do
1,607
1,330
1 , 339
3,557
1,253
Fabricated structural steel:
244
259
242
294
197
366
197
291
23(5
255
295
260
284
Orders, new (net)
thous. of short tons.
195
236
239
365
294
224
183
236
291
267
181
220
260
Shipments
do
1,891
2 068
2 195
1 922
1 679
1 768
1 , 794
1,809
1 77'?
1 871
1 717
1 , 864
1,873
Backlog, end of month
do _
NONFERROUS METALS AND PRODUCTS
Aluminum:
142.1
173.7
179. 2
167. 3
163.9
155.2
163.0
168. 2
Production, primary, domestic. thous. of short tons..
152.3
156.7
153.7
172. 8
T
r
r
r
39.0
40. 0
'41.0
'37.0
37.0
' 42. 0 ' 37. 0 r 37 0
35. 0
35. 0
Estimated recovery from scrap0A
do
Imports (general):
26. 4
18.5
22.8
12 7
25 3
30.5
14.2
14.0
15. 8
14 8
9 7
Metal and allovs crude
do
30. 8
31 4
3.7
4.7
5.0
4.5
3.6
4.3
4.4
4.4
4.2
3.5
3.7
3.5
4.6
Plates, sheets, etc
do
Stocks, primary (at reduction plants), end of month
111.6
131. 1
88. 6
112.7
132 8
80 4
109 1
3 59. 2
131.5
146. 1
183.8
1 75. 1
94 0
thous. of short tons._
. 2680
. 2680
. 2736
. 2080
. 2680
. 2680
. 2680
. 2680
. 2680
Price, primary ingot, 99.5%+
dol. per l b _ .
. 2810
. 2680
. 2680
.2(j80
. 2680
Aluminum shipments:
452. 1
389. 8 r 414.0
423. 2
509. 4
523. 1
331.6
359. 8
385. 9
333.0
371. 1
314.2
Mill products and pig and ingot (net)
mil. of lb._
262. 7 ' 287. 1 247. 3
341. 4
320. 8
294. 9
23o. 3
247 5
271.6
235.4
373 1
231.8
Mill products, total
do
156. 4
370.2
121 7
195. 4
130.7 ' 144. 1 127. 8
182.6
122 7
122 7
150.8
120.5
Plate and sheet
do
r r}~ Z)
66 2
56 9
55 ()
66 5
68 3
64.2
73.4
73 0
54 5
68.4
68 9
Castings§
do
Copper:
Production:
r
29.9
95 9
27 1
°5 9
' 98. 3' 100 6 ' 101. 6 ' 94 4 ' 86 9 54 8
87. 9
97.1
95.3
Mine, recoverable copper
thous. of short tons..
32.7
i 45. \
28.1
128.7
124. 6
130.2
120 6
128 0
131.8
138 6
30.2
70.7
Refinery primary
do
1
13. 6
17 3
12 9
98 9
102 9
94 2
43 9
102.0
12 2
101 4
95. 7
101.4
From domestic ores
... .do
108.3
1
19. 3
15. 2
28 2
25.8
26 7
27.3
27.3
30.4
30.2
17.9
31. 5
24.9
26.0
From foreign ores
do
i 16.9
17.3
26. 2
19.9
16. 0
22.6
14 4
21. 7
13.8
21.0
17.1
21.3
22.7
Second ar y , recovered as refi ned
do
Imports (general):
44.9
44.8
35.8
80. 7
60.3
31.5
76.7
31.3
68.8
38.4
43.9
Refined, unrefined, scrap©
do
40.8
19.8
40.2
10.7
11.8
5.0
40.3
19.3
43.7
12. 9
3.5
2.9
Refined
__ _ _
do
4.5
Exports:
6.0
10. 5
13.7
18 8
19.2
24.2
4.8
11.7
16. 0
23. 0
25.0
27.9
52.3
Refined, scrap, brass and bronze ingots
do
4.4
5.1
16. 6
20. 6
12.6
15.3
19.4
2.3
11.4
9.0
20.8
22.2
45.6
Refined
do
139.9
147. 2
88.3
117. 1
129. 1 p 116.0 p 102 0 P 307. 0
146 8
126.1
Consumption, refined (by mills, etc.) . ... do
138.8
126.1
127.0
169. 2
187.8
171.0 p 133. 0 P 329.0 p 121.0
229. 7
194. 8
181.7
181.4
181.8
Stocks refined, end of month, total
do
183.5
181.8
P 87. 0 p81 0
125. 3
120.2
p 81 . 0
139 7
177.8
158.7
130. 0
124. 6
126. 7
123. 2
126.7
Fabricators' _
_
do
.3258
. 3365
. 3406
.3372
. 3008
. 2989
.3116
.3130
.3102
.3110
.3303
.2962
.2864
. 2858
Price, bars, electrolytic (N.Y.)
doi. per l b _ _
Copper-base mill and foundry products, shipments
(quarterly):
554
p 512
578
575
533
Brass mill products
mil of Ib
•P 375
381
412
405
398
Copper wire mill products©!
do
225
262
225
240
Brass and bronze foundry products
do
Lead:
Production:
'21.3
19.9
' 20.5
21.2
20.9
' 20. 2 21.4
' 19. 6 r21.9
21.4
21.0
'23. 5
22.7
Mine, recoverable lead
..thous. of short tons-.
' 36.2 ' 35.8 r 35 o
36 7
'34.4
'35 0
'36.8
' 35 5 ' 35. 5 '37.8
'37.3
'38.8
Secondarv, estimated recoverable©!-- - - d o _ _ _
24.9
24 2
33 7
35 3
25 1
33 1
38 4
40 7
33 6
24 3
54.9
34.7
Imports (general), ore©, metal .
do
51.1
98.4
84.5
93.9
95 8
96 2
91.3
89 6
90 0
85.1
84.2
88.4
Consumption, total
do
84.6
Stocks, end of month:
Producers', ore, base bullion, and in process©
99.0
109.9
89 6
101 3
88 2
97 8
100.0
89 9
103.6
83 9
96.9
104.8
101. 6
(ABMS)
..-thous. of short tons
Refiners' (primary), refined and antimonial©
119.4
121 2
318 2
142 0
170 9
197 0
128 2
132 6
208.2
209.8
214.3
197.7
thous. of short tons._
133. 3
147.3
130 2
132 5
124 0
154 9
156 0
153 9
123.4
114.6
118.1
Consumers'cf
__
do
116.0
50.4
49.9
49.0
45. 5
41.8
37.1
34 8
46 1
37.4
49.2
40.3
54.7
Scrap (lead-base, purchased), all consumers.. do
.1300
. 1252
.1200
. 1300
. 1229
.1200
.1300
.1200
.1190
.1119
.1141
.1156
.1267
.1300
Price, pig, desilverized (N.Y.)
dol. per Ib
Tin:
Imports (for consumption):
334
138
430
2,454
3 783
37
18
61
54
3,416
94
48
Ore©J
long tons
3, 500
3,166
4 984
2,938
2 399
3, 876
2 547
3 845
4 214
4, 662
4,374
2,989
4,227
Bars, pigs, etc
do
1,910
1,710
2 010
2 150
1 745
1 930 ' 1,845
1 980
1,955
1,880
1,950
1,850
Estimated recovery from scrap, total©
do
270
210
' 260
250
275
285
315
255
255
260
235
330
\s metal
do
4,920
5, 645
4, 825
5, 600
4,760
7,935
7,455
7,755
7,510
6, 785
6, 860
Consumption, pig, total
____.
.do .
6,135
2,270
9 185
3 235
2 150
3 210
4 995
4 880
4 995
4,700
4,245
4,490
4,115
Primary
._ _ _
_
do
92
167
159
54
129
106
155
31
110
153
103
112
205
Exports, incl. reexports (metal)
do
9Q 950 °2 645 22 995
25 475 ' 27, 285 28, 170
23 060
21 700
23, 755
21,444
22, 425
21, 160
Stocks, pig (industrial), end of month
do
. 9985
.9913
3 . 0096
1 . 0243 1. 0220
1.0231
1. 0233
1.0415
1. 0304
1. 0250
1. 0303
1.0271
.9935
.9897
Price, pig, Straits (N.Y.), prompt
-dol. perlb..
Zine:
Mine production, recoverable zinc
' 09 4
35. 5
' 31. 5 r 34 2
' 36 7 ' 31 8 r 31 9
' 38 3 r 38 4
'37.1
' 35. 6 ' 36. 1
35.8
thous. of short tons..
Ini ports (general):
38.9
30.3
37.8
32 4
47 4
34 6
45 8
41 9
49 0
36.9
51.2
50.2
Ores and concentrates©
do. _
48.1
10 7
16.8
11 0
13 3
17 1
91
17 7
17 2
65
16.0
6.8
18.7
15.0
Metal (slab, blocks)
do
Consumption (recoverable zinc content):
88
79
88
87
79
84
88
82
8.3
7.4
8.8
8.2
Ores© ._
do
' 20. 4 18.9
92 0
20 6
15 8
22 8
15 3
22 1
21.5
17.6
17.9
19.4
Scrap, all types
do
Slab zinc:
Production (primary smelter), from domestic and
61 3
59 4
58 3
65 9
68 5
70 5
71 9
71 0
74.8
65.9
71.3
foreign ores
thous. of short tons__
71.1
2.9
30
39
46
39
50
56
5.2
54
5.3
4.4
5.1
Secondary (redistilled) production, total
do
66.9
71.1
62.5
60.5
65 4
96 0
88 1
87.4
90 1
77.0
79.5
79.0
Consumption, fabricators', total
do
I
I
A
2
2
1 4
93
28
2
30
.7
.2
.3
Exports
.-. _
_
do
Stocks, end of month:
144. 5
154. 4
176. 2
191.3
193.0
192.0
169. 4
182.0
196.0
203. 9
206.1
200. 5
190.2
195. 8
Producers' smelter (AZI)
do
' 94 8 96 0
92 6
93 2
90 2
86 2
76 4
79.2
76 3
83.4
85.1
89.3
Consumers'
do
. 1288
. 1213 . 1250
. 1250
.1133
.1100
.1100
.1100
.1100
.1100
. 1100
. 1142
.1150
.1150
Price, prime Western (St. Louis)
dol. perlb._
'Revised.
p Preliminary.
i Part of August 1959 production is included in December data.
© Basic metal content.
ARevised effective with the February 1960 SURVEY to include monthly estimate of secondary aluminum recovered by nonreporting producers; revisions for January-November 19o8
(thous. tons): 34.0; 26.0; 29.0; 28.0; 26.0; 24.0; 24.0; 26.0; 30.0; 39.0; 31.0.
"
, u
i , , * • • / •
SData for 1958 have been adjusted to industry totals based on the expanded survey of producers introduced in January 1959. It is believed that the same general level of revision (increase
of approximately 8 percent) could be applied to the 1957 estimates. Revisions for January-October 1958 (mil. Ib.): 62.2; 54.3; 54.3; 48.4; 47.5; 44.0; 42.0; 48.5; 56.7; 59.6.
t Revised effective with the February 1960 SURVEY to include monthly estimate of lead recovered from nonreporting secondary smelters and lead recovered from copper-base scrap; revision,?
for January-November
 1958 (thous. tons): 36.7; 33.9; 31.3; 34.8; 33.3; 31.6; 28.6; 29.9; 33.7; 38.3; 35.2.
a"Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base scrap
http://fraser.stlouisfed.org/ January 1957-July 1958 are available upon reauest.
* Scattered revisions for

Federal Reserve Bank of St. Louis

SURVEY OF CURRENT BUSINESS

S-34
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959

1958
Decem-

ber

February 1960

January

February

March

May

April

June

1960
July

August

SeptemNovem- DecemOctober
ber
ber
ber

Janu-

ary

METALS AND MANUFACTURES—Continued
HEATING APPARATUS, EXCEPT ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil. of sq. ft. of radiation
Stocks, end of month. .-do
Oil burners: A
Shipments
thousands
Stocks end of month
__
do
Stoves and ranges, domestic cooking, incl. built-ins^d71
Shipments, total
_
thousands
Coal and wood
do
Gas (incl bungalow and combination)-^1
do
Kerosene, gasoline, and fuel oil_ _
_ _
.do ._
Stoves, domestic heating, shipments, total At
Coal and wood
Oast
--Kerosene gasoline, and fuel oil

13
3. 2

14
3.8

1 4
4.2

1 7
4.6

18
4 7

11
5 3

1.4
5.4

1.6
4.8

1. 7
4.6

2 3
3.9

2 3
33

40 7
32 4

47 4
37. 7

44 7
43 4

43 8
46 3

43 5
53 2

48 2
52 2

68 4
51.9

54. 1
52.7

65 4
50. 8

79 3
42 7

77 6
39 9

189. 6
4 2
181.0
4.4

158. 5
4 4
148. 8
5.3

162. 7
3 9
152. 4
6.3

181.8
3 5
171.5
6.8

175. 6
4 0
164 8
6.8

170 3
2 4
161 3
6.5

183. 3
39
172.4
7.0

156.0
3.9
145. 5
6.7

186. 9
38
176.6
6.5

222.4
5 2
210. 3
6.9

208
5
194
8

8
o
5
7

- do __
do
do
do

137. 1
16.4
95.1
25. 6

99.5
9.8
37.0

100.7
9.5
55. 5
35.7

132.1
12.7
73. 1
46.3

131. 1
18.6
75. 8
36. 7

122.1
20 9
63.4
37.8

200.7
27.3
126 6
46.9

232.5
32.5
146. 0
54.0

303.8
42.2
196. 5
65. 0

344.5
55. 5
225. 5
63. 5

332
50
224
57

7
2
9
6

229.5
31 1
165. 6
32 8

Warm -air furnaces (forced-air and gravity air-flow),
shipments totalAt
thousand 5 '
Gas
'
.do
Oil
do
Solid fuel
.
do .__
Water heaters gas, shipmentsA do

95 8
65.8
22.9
2.2
204 0

89 1
64. 1
22 8
2.1
252.9

86 3
03. 5
21.0
1.9
246 7

95 0
70.3
22 9
1.8
252 6

97 6
74.6
21. 1
1.9
248 1

100 6
75.7
23 2
1.7
227 6

119 3
89.4
26 9
3.0
236 7

126 5
94.9
28.3
3.3
234. 7

151 2
110.8
35.4
4.9
241.2

170 7
120.9
43 9
6.0
231. 5

172
125
41
5
262

3
5
2
6
7

120
91
26
3
190

47 6
37.2

181. 8
(4)

168 6
13.2

4

9
1
5
2
3

MACHINERY AND APPARATUS
Blowers, fans, and unit heaters, quarterly totals:
Blowers and fans, new orders
mil. of dol
Unit-heater eroup new orders
do
Foundry equipment (new), new orders, net
monthly average shipments, 1947-49 = 100 _
Furnaces, industrial, new orders, net:
Electric processing
i
mil. o f d o L .
Fuel-fired (except for hot rolling steel) do

34.2
19.9

29.4
21 2

36 4
21 9

40. 5
19 9

137.0

127.4

237.1

166. 6

154. 2

157. 0

125.1

110.7

134.1

131. 3

140 8

131 2

1.6
1.9

.9
2.2

.9
1.9

.9
3.3

1.2
6.9

1.0
2.5

1.5
3.1

2.2
6.2

1.6
5.7

1.8
1.6

30
59

1.4
4 1

5 2

1.6

Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do . .
Industrial trucks and tractors (gasoline-powered),
shipments
.number .

429
385

361
270

282
206

426
266

440
295

361
292

574
384

579
400

355
273

433
386

621
400

561
443

548
408

1, 501

1,472

1,429

1,897

2, 155

1, 760

2,040

1,916

2,161

2.226

2,520

2,462

2, 624

Machine tools (metal-cutting and metal-forming):
New orders (net), total
mil. of dol
Domestic
- do
Shipments, total _.
- -..do.. Domestic
do
Estimated backlog
months

43. 90
34. 75
43. 95
37.80
3.1

41. 05
35. 10
31. 30
25. 80
3.4

45.40
40. 05
36. 05
29.85
3.8

51. 55
46.70
45.75
39 40
3.9

53.20
46.90
45.00
38 25
3.9

48.70
45. 55
41.00
36 30
3.9

65. 40
60.10
50. 05
44 95
4. 1

63.40
53. 25
40.60
37.00
4.6

52.20
47.05
40.30
35.35
4,8

58. 85
50.10
46. 15
42.25
4.9

66 65
51. 15
51. 50
46 15
51

54 25
44 10
r 46. 60
5 2

p 58 80
p 48. 35
p 63. 70
P 55 55
P34 8

292 4
90 1
22 7

i 23 8

i 12 4

i 25 9

i 37 3

Other machinery and equipment, quarterly shipments:
Construction machinery (selected types), total 9
mil of dol
Tractors tracklaying (crawler) total
do
Tractors wheel (contractors' off-highwav)
do
Tractor shovel loaders, integral units only (wheel
0
and tracklayin " types)
mil of dol
Farm machines and equipment (selected products),
excluding tractors
mil. of dol
Tractors, wheel (excl. garden and contractors' offhighway types)
ni il of dol
Pumps (steam, power, centrifugal, and rotary), new
orders
mil o f d o L

372 6
107 4
35 3

248 4
71 8
20 5

177 4
46 0
15 7
37 4

49 6

70 1

240. 2

285.3

r 41 JO
T 3

65 3

137. 1

r
r

208. 1
117. 1

i 50 8

i 30 Q

5.0

5.5

5.6

6.7

7.0

7.3

5.7

6.2

5.5

5.8

5 5

2. 672

1,791

1,376

1,437

1,593

2,118

2,556

2,728

2,889

3,069

120.8
106. 2

134.6
140.5

172.6
148.3

136. 1
135. 7

133.4
140. 5

151.4
138.8

129.2
116.4

116.6
104.5

157. 2
131.9

143.4
'112.6

242. 5
288. 5
1 124. 7
437.0

271.4
297.8
1, 125 4
459.5

346. 6
329.7
2
1,347 6
2
494. 0

317.4
274.4
1,040 2
389.3

257.3
277.9
1 039 6
431.9

276.0
341.9
1 430 2
2571.0

221.2
318.1
829 0
350.4

268.5
359.8
1,009. 4
547.4

63.2

65.8

77.9

68.0

69.4

77.5

70.0

74.0

87.0

88.5

82 3

84 0

130
34, 764

138
26, 789

152
25, 856

166
31, 654

153
35, 037

153
46, 100

131
39, 126

145
29,926

160
20, 192

164
10, 248

141
13,016

39 063

148 8

116 5
5.2

182 6

ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
3,041
thousands
Household electrical appliances:
Ranges (incl. built-iiis), domestic and export sales
143. 9
thousands109.8
Refrigerators and home freezers, output* .1957=100-..
Vacuum cleaners (standard type), sales billed
317.0
thousands
Washers, sales billed (domestic and export)© do _ 2 330. 5
12 525 7
Radio sets production§
do
414. 9
Television sets (incl. combination), prod.§__
do
Electronic tubes and semiconductors, factory sales
66. 0
mil. of dol.
Insulating materials and related, products:
Insulating materials, sales billed, index
124
1947-49=100.Steel conduit (rigid), shipments
thous. of ft... 27, 468
Motors and generators, quarterly:
New orders index
1947 49—100
Polyphase induction motors, 1-200 hp:J
New orders, gross
thous. of doLBillings
do
Direct current motors and generators, 1-200 hp:t
N e w orders, gross
_ - _ _ _ _ - . thous. o f doL.
Billings
do
r

155
37, 637
35, 742
5,657
6,294

r

164
41,089 -38, 188

8,271
5, 169

2

--

305. 1
330 9
394.1
374. 1
2
1 981 2 1 795 7
2
706.6
808. 3

186

39, 628
39 981

i 14,470

7,781
6,641

7,222
6,283

i 2,315

2, 799

2 465

144 0
'93. 5

P 113. 0

293 8
290 1
312 8
264.2
1 346 1 r 2 i 553 3
560.8 r 2 593. 2

P 1 352 8
p 524.9

169

47, 367
46 848

r

1

12, 843
1

1,961

1
2
3
Revised. P Preliminary.
Data are for month shown.
Represents 5-weeks' production.
Estimated backlog for metal-cutting tools only.
* Shipments of coal and wood stoves are included with liquid fuel types.
ABeginning January 1959, industry estimates are based on revised inflating factors and are not strictly comparable with earlier data.
cf Includes data for built-in gas-fired oven-broiler units; shipments of cooking tops (for use with the ovens), not included in figures above, totaled 33,400 units (4-burner equivalent) in
November 1959.
9 Includes data not shown separately.
tRevisions for gas heating stoves (January-June 1958) and warm-air furnaces (January 1957-June 1958) are available upon request.
*New series (from Board of Governors of the Federal Reserve System); monthly data for January 194 7-N
-November 1958 will be shown later.
©Data exclude sales of combination washer-dryer machines; such sales (including exports) totaled 14,300 units in December 1959.
§ Radio production comprises home, portable battery, automobile, and clock models; television sets include combination models. Data for December 1958 and March, June, September,
and December 1959 cover 5 weeks; all other months, 4 weeks.
<fData for induction motors cover from 25 to 32 companies; for d.c. motors and generators, from 14 to 19 companies.




SURVEY OF CURRENT BUSINESS

February 1960
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

IP 59

1958
December

S-35

January

February

March

April

May

June

1960
July

August Septem- October Novem- December
ber
ber

January

PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous of short tons
Stocks in producers' storage yards, end of mo do
Exports
do
Prices:
Retail stove composite
dol. per short ton
Wholesale, chestnut, f.o.b. car at mine ._. ... doBituminous:
Production
_ - _ . _ _ _ _ thous. of short tons- _
Industrial consumption and retail deliveries, total 9
thous. of short tonsElectric power utilities
do
Railroads (class ! ) - _ _
_
do
Manufacturing and mining industries, total do
Coke plants (oven and beehive)
do
Retail deliveries to other consumers

do

Stocks, industrial and retail dealers', end of month,
total
thous of short tons
Electric power utilities
_
_
do
Railroads (class I)
do
Alanufacturin 8" and mining industries total do
Oven-coke plants
do
Retail dealers

2 194
329
181

1, 557
298
166

1, 508
281
108

1 503
329
79

1,388
372
158

1,683
395
106

1, 142
411
119

1 515
442
108

1 726
467
217

1 709
470
180

1,763
445
213

28 14
14.413

28.26
14.413

28.81
14. 966

28.80
14. 763

28 75
13.391

27.44
13.391

27.34
13.391

27.48
13.811

27.49
13.811

27 40
14.231

27 40
14. 651

27 74
14. 651

27.82
P 14. 651

35, 730

33, 760

34, 820

34, 460

34, 860

36,010

24, 260

29, 940

32, 400

34, 770

r 35, 920

39, 940

' 36, 687 33,312
15, 907
14, 002
339
304
15,452
16, 394
7,864
7,784

34, 752
14, 400
286
17, 260
8, 861

30. 925
12 632
241
16 352
8, 613

30, 253
12,718
189
16, 174
8,830

29, 921
13, 249
152
15, 303
8,561

26,217
13, 391
133
11,319
5, 136

24, 982
13, 806
131
9, 318
3, 009

24, 698
12, 987
137
9, 204
2, 789

26, 242
13 389
186
9,678
2, 600

r 32, 128
14, 084
242
14,415
6,201

36, 922
15,223
266
17, 667
8, 655

3,267

3,731

39, 799
36, 484
15,715
363
16, 475
7, 885

3,900

4,044

3, 551

2,802

1,634

1,018

1,059

1,248

1, 622

2,281

2,881

76, 285
48, 752
345
26 242
12, 957

71, 203
45, 121
360
24 969
12, 128

69,167
43, 024
349
25, 139
11,852

65, 868
41,939

65, 739
42, 292
276
22 686
13,569

67, 659
43, 686
266
23 077
11,837

70, 369
44, 932
271
24, 369
12, 428

65, 374
43, 493
249
20, 700
9.278

66, 596
45, 376
246
19, 912
8,442

68,732
47,680
246
19 733
7,927

72, 663
49, 758
246
21, F8F>
9,374

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, oven foundry coke (merchant plants), f.o.b.
Birmingham, Ala
__
dol. per short ton

00*1

23 073
11,684

1,860
429
153

1 634

35, 825

' 74, 653 76, 152
50, 107
50, 561
225
233
r
22, 738 24, 790
r
11, 445
10, 128

946

753

655

519

485

630

797

932

1.062

1,073

1.074

1, 121

1,030

2,920

3, 142

2,288

2.824

3, 148

3,303

2, 894

3,677

4,001

3, 509

3,111

2,481

2, 858

do

Exports
do
Prices:
Retail, composite
dol. per short ton-Wholesale:
Screenings, indust. use, f.o.b. car at mine, do
Domestic, large sizes, f.o.b. car at mine
do

T

1, 959
406
192

16. 83

16.98

16.99

17.00

16.94

16. 58

16.55

16.65

16.72

16. 95

17.10

17.12

17.14

5. 280
7.841

5. 332
8.013

5. 334
8.013

5. 341
7.775

5. 206
7. 359

5.174
7.313

5. 173
7.459

5.175
7.585

5.171
7.724

5.184
7.822

5.202
7.838

'5.192
7.944

P 5. 192
p 7. 956

84
5 437
687

82
5 533
683

92
5 437
636

6 262
736

' 162
6 074
617

6 244
693

5, 923
724

r

r
37
1, 739
685

39
1,801
683

65
4,270
672

89
6, 052

3,813
2,411
1,402
964
33

3,793
2 366
1,427
995
29

3,709
2,274
1,435
1,041
31

3,587
2 158
1,429
1,094
33

3,423
2 042
1,381
1 094
35

3,154
1 835
1,320
1 131
61

2,900
1,643
1,257
1,178
41

r 3, 164
r
1, 828
r
1, 336
1,203
41

' 4, 988
3, 227
1,760
1, 114
35

4, 505
2,819
1,686

28.85

29.23

30. 35

30. 35

30.35

30. 35

30.35

30.35

30.35

30.35

30.35

30.35

30. 35

2, 338
3.07
247, 650
86

2,427
2.97
255, 124
88

1,8,53
2.97
227, 562
87

1,995
2.97
254, 422
88

2,209
2.97
235, 982
84

2,149
2.97
244, 789
83

2, 368
2.97
239, 607
84

2,447
2.97
244, 316
83

2,114
2.97
250, 508
85

2,189
2.97
236, 326
83

2, 076
2.97
237, 066
81

2,552
2.97
239, 517
84

f 2.97

315, 964

315, 524

292, 471

318,918

286, 201

296,418

295, 505

280, 418

282, 365

282, 880 ' 289, 343 291, 946

221, 277
27, 175

223, 926
26, 697

201, 435
25, 091

222, 839
27, 328

217, 685
26, 162

223, 806
26, 638

212, 489
25, 950

210,311
26,190

209, 733
26, 539

205, 700
26, 033

214, 248
r 27, 456

209, 449
27, 618

33, 434
28,664
34, 078
36, 237
—42 509 —35 136

29, 467
36, 478
—2 628

28, 113
40, 638
7 295

22, 270
20, 084
6 766

29, 089
16, 885
33 453

36. 147
20, 919
17 313

27, 510
16, 407
2 610

29, 943
16, 150
13, 291

29, 486
21, 661
185

30, 355
17, 284
13 259

29, 421
25, 458
—9 386

301, 332

r 141

' 143

' 125

'68
3, 489
663

r

r
50
1, 789
670

r

' 3, 788 ' 4, 333
* 2, 274 ' 2, 680
' 1, 515 1,652
1,185
1,163
29
32

4,830
3,101
1,729
1,096
50

r

42
30. 35

PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed!
number
Price at wells (Oklahoma-Kansas) -, dol. per bbl
Runs to stills!
thous of bbl
Refinery operating ratio _ . _ - percent of capacity
All oils, supply, demand, and stocks:
New supply, total!
thous of bbl
Production:
Crude petroleum !
do
Natural-gas liquids, benzol (blended), etc.!do~-_
Imports:
Crude petroleum
do
Refined products!
_
- do
Ohange in stocks all oils (decrease — )
do
Demand total!
__
Exports:
Crude petroleum
Refined products!
Domestic demand, total 9 1 Gasoline!
-Kerosene!
Distillate fuel oil!
Residual fuel oil!
Jet fuel!
Lubricants!
Asphalt!
-- Liquefied gases!

--

__

--

Stocks, end of month, total
Crude petroleum
_
_
Natural-gas liquids
Refined products

_

do

358, 473

350, 660

295, 099

311, 623

279, 435

262, 985

278, 192

277, 808

269, 074

282, 695 f 276, 084

do
do
do
do
do
do
do

74
6,784
351,615
121, 465
17,613
97, 618
62,906

352
7,998
342, 310
114,720
17, 997
95, 234
62, 940

97
6,439
288, 563
99, 759
13, 113
74, 102
57, 436

178
7,297
304, 148
118,995
10, 698
67, 218
59, 281

230
7, 963
271, 242
124,917
5, 980
47 682
45, 130

267
7,067
255, 651
127, 049
4,013
37, 474
37, 776

192
7,600
270, 400
133, 695
4,552
36, 438
40. 442

174
7,264
270, 370
137,141
6, 063
34, 161
36, 068

237
6,698
262, 139
132, 875
4,370
31, 457
34, 705

132
258
151
5,453
7,287
6,653
275, 891 ' 268, 539 295, 747
130, 264 120, 858 116,056
8,059
7,871
11,723
65, 895
46 075
42 694
38, 370
50, 155
37, 874

do
do
do
do

.-

8,116
3 439
3,896
22 128

8,086
3 504
3, 635
22, 710

7,203
2,746
3, 160
17, 864

7, 568
3,799
5, 798
16, 617

8,589
3 577
6,971
14, 787

7,476
3 831
9,367
13 632

7,914
3,900
12, 562
14, 839

8, 983
3,671
13, 440
15, 165

9,233
3,567
13, 721
16, 563

754, 390
258, 108
18 008
478 274

751, 762
260, 040
17, 651
474 071

759, 057
254, 940
19 524
484 593

765,
257,
22
485

823
564
589
670

799, 256
264, 525
27 210
507 521

816, 569
272, 505
29, 976
514 088

819, 179
264, 994
31, 296
522 889

832, 470
253, 091
31, 820
547, 559

832,
250,
32
548

127, 508
1,575

111,523
1, 682

126, 219
1 262

118, 105
2 243

123, 879
2 002

124, 580
1,814

127, 991
2,056

130, 366
1,398

187 472
11,603

197, 468
12, 899

204 648
13, 964

197 841
12, 554

193 106
12, 534

183, 022
13, 056

172, 755
12, 539

.115

.115

.120

.120

.120

.115

.210

.211

.213

.211

.212

.213

do
do
do
do

788,
262,
22
503

796
730
752
314

Refined petroleum products:
Gasoline (incl. aviation):
129, 677
Production!
_._.
do
2 112
Exports!
do
Stocks, end of month:
174 526
Finished gasoline
- .
do
12,234
Unfinished gasoline
__ __
do
Prices (excl. aviation):
Wholesale, refinery (Okla., group 3)_.dol. per gal__
.116
Retail (regular grade, excl. taxes) , service stations,
55 cities (1st of following mo.)
dol. per gal.,
.206
r

10, 994
3 737
12, 724
15 994

r

9,364
3 797
10, 267
18, 541

8. 767
3, 255
6,225
21, 106

914
487
942
485

836, 528
255, 953
29, 135
551, 440

123, 344
1 781

121, 865
1 688

122, 843
1,537

170, 543
11,378

163 247
10 881

162 780
11, 497

.110

.120

.118

.110

.105

p. 103

.217

.218

.214

.207

.211

.207

655
996
759
900

845,
257,
31
556

.203

Revised.
» Preliminary.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
t Revisions for 1958 will be shown later as follows: Oil wells completed (August and September); domestic demand—jet fuel (February-September); lubricants (January-August); for
all other indicated items (January-September).




SURVEY OF CURRENT BUSINESS

S-36
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

19 59

1958
December

February

January

February

March

April

May

June

I960
July

August Septem- October Novem- Decemberber
ber

January

PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
Production
thous, of bbl
10 690
ExportsJ
do
1,451
Stocks, end of month
do
12, 300
Kerosene:
11, 593
Production
do
Stocks, end of month
_. do
26, 040
Price, wholesale, bulk lots (N.Y. Harbor)
.109
dol. per gal..
Distillate fuel oil:
60, 595
Production
. thous. of bbl
Imports}:.
do
1,771
986
Exports J
_.
- - do
125, 101
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
.104
dol. per gal__
Residual fuel oil:
34, 246
Production
thous. of bbl
23, 165
ImportsJ
. do
1,814
ExportsJ-. _.
-_ _
_.. . d o _ _ _
59, 508
Stocks, end of mouth
do
1.60
Price, wholesale (Okla., No. 6 fuel).. .dol. per bbl_
Jet fuel:
6, 982
Production
thous. of bbl
5,871
Stocks, end of month
_
_ . do
Lubricants:
4,692
Production
.-- do
978
ExportsJ
do
9,687
Stocks, end of month
.
do
Price, wholesale, bright stock (midcontinent , f.o.b.
.230
Tulsa)
_ dol. per gal
Asphalt:
4,524
Production
._
.. __thous. of bbl_
9,757
Stocks, end of month
do
Liquefied petroleum gases:
5,602
Production
_
do
16. 467
Transfers from gasoline plants!
do
Stocks (at plants, terminals, underground, and at
17, 323
refineries) end of month
thous. of bbl
Asphalt and tar products, shipments:
\sphalt roofing, total
thous. of squares. _
Roll roofinu and cap sheet
do
Shingles all types
.
.-do
\sphalt siding
Insulated sidinp
Asphalt board products
Saturated felts

do
do
thous o f s q . ft
short tons

10 269
823
13, 186

9,979
1,117
14, 437

9 845
746
14, 884

10 099
1, 518
14, 408

10, 567
1,408
14, 325

10 828
1, 180
14, 623

10 930
1.356
12, 887

10 947
736
12, 793

10 186
1*226
12 062

10 022
' 955
11,715

9 509
954
12, 203

12, 978
21, 090

11, 686
19, 725

9,484
18, 688

8, 269
21, 003

7, 574
24, 597

7,314
27, 364

6 967
28, 328

7, 264
31, 221

8 305
31 562

8 886
32 396

9 992
30, 701

.112

.117

.117

.112

.107

.101

.101

.098

.098

.098

.098

66, 124
1, 556
1,261
96, 849

60, 458
1,585
856
84, 071

61,610
3,467
1,427
80, 662

52, 181
1,877
951
86, 222

54, 295
811
r
1,122
102, 863

53, 745
1,841
1,182
120, 962

53, 279
1, 055
886
140 388

55, 921
818
1,673
164, 134

52 355
1,181
979
174 148

53 816
675
883
181 840

55,044
822
849
171 114

P . 103

.107

.112

.112

.107

.102

.096

.096

.093

.093

.093

.093

p .098

34, 622
26, 153
3,234
55, 214
1.70

31, 493
26, 354
2,345
54, 178
1.90

32, 569
31, 409
2, 703
57, 210
1.90

28, 104
14, 984
2,572
53, 327
1.80

27, 874
13, 861
1. 950
55, 821
1.80

27, 448
14, 671
2,499
55, 479
1.60

25 514
11,272
2. 145
54. 509
1.60

27, 393
11,764
1,554
57, 855
1.60

25 581
15 312
1,887
59 429
1.40

26 949
13, 487
2,403
59, 506
1.40

29, 147
21,050
1,339
58, 587
1.50

P I 60

6, 112
6. 257

6,218
6, 499

7,958
7,879

7, 154
7,842

7, 060
7, 960

7,331
7,995

7,974
7.995

9,044
8, 433

8 199
7,937

8 788
8,044

8 186
8,435

4, 360
1, 051
9,494

3,941
961
9,728

4,652
1,174
9, 407

4.751
1,411
9. 170

4, 754
1, 181
8,912

4,615
1,231
8,396

4, 958
1,281
8. 402

4,593
1, 154
8,274

4, 867
1 026
8.378

4,934
1 278
8,237

4.718
SOS
8.792

.230

.230

.230

.230

.230

.230

.230

.240

.240

.240

. 240

4,510
11,252

4.379
12. 726

6, 769
14, 270

7, 674
15,235

9,281
15, 351

10, 582
14, 228

11, 515
12,853

11,406
11. 409

10, 655
9, 986

9,424
9.579

6,626
10, 224

5,171
17, 383

5, 353
12, 784

6, 134
10,813

5, 861
9,314

5,771
8,251

5,636
9,504

5, 657
9,875

5, 576
11, 236

5, 375
10,882

13' 229

5. 573
15 470

11, 956

11, 154

13. 318

17, 051

21, 737

24, 544

26. 819

27, 961

29, 095

28, 286

25 190

2,391
851
1,540

2,698
1,029
1, 669

3,365
1,221
2,144

6,950
2,524
4,426

3, 985
1,379
2, 606

4,749
1,568
3.182

5,563
1,820
3,743

6,163
2,079
4,083

5, 916
2.112
3,804

6, 525
2,430
4,095

7,255
2,774
4,481

3,771
1, 445
2,326

2. 881
1 021
1, 860

59
68
1,058
54, 392

54
76
950
58, 927

67
69
1,094
66, 678

110
107
1,484
120, 966

53
143
2,206
80. 148

62
159
1,870
83, 830

69
156
2,087
93, 477

88
176
2,280
102, 080

87
168
1,721
87, 528

109
165
2.211
95, 489

124
145
2, 049
110,144

'93
946
66, 664

52
59
H2?
61, 625

3,208
3, 268
4,905

3,292
3,042
5 203

r

P 250

------

PULP, PAPER, AND PRINTING
PTTLPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks, end of month
Waste paper:
Consumption
Stocks, end of month

thous. of cords (128 eu. ft)._
_._
do
do
thous. of short tons
_ __
do

WOOD PULP
Production :
Total, all grades
._ .__ .thous. of short tons
Dissolving and special alpha
_
do
Sulfate
do
Sulfite
do
Oroundwood
do
Defibrated or exploded. ._
_ . d o __
Soda, semichem., screenings, damaged, etc do
Stocks, end of month:
Total, all mills
do
Pulp mills
do
Paper and board mills
do
Vonpaper mills
do
Exports all grades total
Dissolving and special alpha
All other.-

.

do
do
do

Imports all grades total
Dissolving and special alpha
All other
_
_

_

do
do
do. _

2, 839
2,813
5,942

3,174
3,165
5,931

2,962
2,942
5,952

3,040
3,255
5,740

2,805
3,314
5, 205

2,950
3,285
4,835

3,117
3, 286
4,670

3,215
3. 075
4,822

3,536
3,424
4,920

3,337
3,210
5, 062

3,448
3,531
4 961

692. 5
469. 8

712.9
463.4

745.9
449.5

794.4
455. 8

786.8
471.5

783. 6
489.0

793.6
491.7

695.9
542.9

796.2
513. 9

784. 5
524. 5

815.5
549.6

745.8
552.3

721.4
578. 3

1, 836. 1 2, 039. 6
94.4
90.2
1, 044. 8 1, 153. 7
184.3
213.0

2, 060. 1
90.0
1,181.4
210.9

2, 090. 0
86.6
1, 207. 2
207.6

2, 055. 0 1,912.5
94.2
76.0
1,171.7 1,091.5
182.1
199.5

2, 129. 6
95.0
1,216.0
209.3

1, 999. 8 2, 187. 7
98.0
96.7
1, 123. 4 1 259.3
195 2
221 3

1, 989. 8
92.6
1 132 5
201 5

1, 894. 2
84.2
1,046.8
203 0

260. 1
96.9
206.1

263. 2
91.6
205.3

874. 8
270 0
526 3
78 4

856.5
244.7
533 0
78.7

1, 754. 3 1, 961. 0
93.8
77.7
981.6 1,111.3
194.0
207.1

r
r

235.0
93.1
172.8

265. 5
98.0
185.3

243.4
91.8
181.5

264.0
109.0
205.4

267.2
105.9
204.7

271.5
106.7
210.2

265.5
111.8
212.2

251.3
107.7
203. 8

270.2
116.2
222.8

255.3
112.6
215.2

277 0
116.6
216.7

878.4
248.8
543 8
85.9

906. 6
271.1
552 7
82.8

900.4
272.5
548.3
79.6

924.1
298.2
546.6
79.3

916.4
292.4
545 3
78.7

950.9
317.9
555.6
77.5

932.9
306.4
546.3
80.2

914.2
288.4
547.2
78.6

900.1
284.1
542.6
73.4

855.7
251 6
531 5
72.6

857.3
256.3
522 7
78 3

40.3
18.8
21. 5

53. 1
22.1
30.9

43.0
22.1
20.8

47.9
27.0
20.9

52.7
20.5
32.3

37.2
21.8
15.4

55.7
24.0
31.7

57.2
24.2
32.9

57.1
23.3
33.8

76.0
36. 4
39.6

46 7
15 0
31.6

45 3
16.8
28.5

80.7
33.4
47.3

198.5
15.3
183.1

215.9
11.4
204.5

186. 1
12.4
173. 7

180.3
12.4
167.9

213.7
15.9
197.8

200.9
13.0
187.9

214.3
14.0
200.3

214.3
12.0
202.3

189.9
15.4
174.6

191.8
15.9
175.9

198 1
16.4
181.7

232.8
16.6
216.2

203.8
18.3
185.5

2,513
1,125
1,151
11
225

2,707
1,213
1,239
12
243

2,621
1,145
1,222
11
243

2,867
1,239
1,335
12
281

2,958
1,294
1,352
13
299

2,925
1,277
1,344
13
291

2,921
1,258
1,353
13
297

2,676
1,166
1,203
11
295

2,955
1,268
1,373
15
300

2,845
1,218
1,315
12
299

3,088
1,358
1,405
14
312

r 2, 804
1,227
1,315
12
r
250

2,653
1,207
1, 198
13
235

r
r

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
T

Revised.
» Preliminary.
^Revisions for 1958 will be shown later as follows: Aviation gasoline exports, distillate fuel oil imports, residual fuel oil imports, transfers from gasoline plants (January-September); distillate fuel oil exports (January-May and September); residual fuel oil exports (May and June); lubricants exports (January-August).




SURVEY OF CURRENT BUSINESS

February I960

1959

1958

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-37

January

December

February

March

May

April

June

1560

July

August Septem- October Novem- December
ber
ber

January

PULP, PAPER, AND PRINTING—Continued
PAPER AND PAPER PRODUCTS— Continued
Paper, except 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 9
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 nor 100 Ib
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:
Production
_ _,
.
do
Shipments from mills
do
Stocks at mills, end of month
do

819.5
640.3
986.8
797.6
537. 8

923.2
601. 6
1, 054. 7
873.3
534.0

900.0
669.6
1,000.2
836.3
542 4

975.0
704.6
1, 082. 1
897.3
540.0

1, 009. 2
761.3
1, 142. 7
950. 3
552.7

934.5
722.4
1,111.6
934.4
553. 6

939.3
741.3
1,099. 9
932. 5
551. 2

899.0
785.2
1, 022. 5
853. 4
541. 2

897.4
707.3
1, 102. 8
915.4
560.4

115.3
66. 6
138.0
118 7
145.9

149.2
78.6
138.4
141 9
131.3

146.9
89.7
135. 9
137 5
129. 6

158.3
101.6
148.0
148.5
129.1

1 62. 2
109.7
152.0
150 3
128.2

140. 5
102.0
149.2
148 9
127.3

146.9
103.4
151. 1
151. 2
130.2

134.4
104.8
129.3
129 3
120.3

131. 5
88.4
145. 0
139 8
120.9

<• 128. 8
79.8

345. 5
394.8
329. 0
329 3
226. 6

384.0
329.3
358. 2
353 2
236. 5

370. 4
360. 8
329. 1
326 8
238.8

418.1
391.2
370. 6
362 5
246.9

437.8
430.5
383. 8
382 6
248.0

386. 9
407.8
378. 6
376 4
250. 3

393.8
435. 3
379.2
381.4
248.0

395. 0
476.4
361.1
358 9
250. 1

374.7
411.8
386.3
383 2
253.2

r 378. 8
' 408. 0
r 376. 7
r
374. 0
' 255. 8

r

r

"• 896. 7
«• 709. 3
1,067.0
* 898. 3
r 566. 1

r 140. 4

«• 138 6
124.4

2 798. 0
2611.0
2 830. 0
2 837. 0
2 505. 0

' 998. 1

'717.6
r 1, 182. 3
r 981. 2
r

578. 0

r 131.4

128. 0
69.0
137. 0
128.0
139.0

' 414. 7
' 413. 5
' 408. 3
' 406. 7
r
257. 5

358. 0
376. 0
373.0
372. 0
258. 0

' r 142. 9
74.4
«• 151.1
r 144. 1

15.95

15.95

15.95

15. 95

16.28

16.28

16.28

16.45

16. 45

16.45

16. 45

16. 45

298.0
131.0
298.0
294.9
96.6

330. 4
147.5
320. 6
319.8
101.1

327.1
168.1
311.7
316.2
103.2

332.2
159.5
327.9
324.9
97.7

343.5
164.8
352. 2
353. 8
105.7

346. 6
161.4
346. 5
343.2
104.6

334.2
153. 3
339.4
335. 9
105. 9

318.3
160.9
315.4
313.1
108.9

329.5
157.4
334.6
328.6
111.1

r 333. 1

«• 173. 2
r 322. 6
r 326. 4
r
109. 5

"371.2
r

r 112.2

312. 0
166. 0
320.0
337. 0
108. 0

476.2
494.3
184.7

491.1
465. 9
209.9

466.0
416.2
259.6

511.9
453. 2
318.3

534.6
577.5
275.4

551 3
589. 1
237.5

534. 2
535. 6
236.1

535 8
547. 0
224.9

541.5
531.1
235.2

207.5

593. 2
602.6
198.2

563. 3
594. 5
166. 9

538. 5
551. 8
153.6

144.7
148.8
16.5

165.7
155.1
27.1

149.6
155.0
21.7

161.8
159. 2
24.3

161.3
168.6
16.9

172.4
166. 8
22 5

167. 9
161.4
29.0

149.2
156.5
21.7

173.8
167. 7
27.8

149.2
155.6
21.3

177.3
179.5
19.2

169. 0
169. 9
18.3

167.2
167. 3
18. 1

394.3

394.9

384.5

457.7

466. 5

484.2

428.9

400.1

423.0

449.0

492.4

487.5

459 1

651. 7

651.8

636.3

578.5

567.9

562.4

579.8

625.8

642.8

660.4

646.2

644.7

658. 8

432.1
Imports
_
do
Price, rolls, contract, delivered to principal ports
134.40
dol. per short ton
Paperboard (National Paperboard Association):
1,249.1
Orders, new
_ -thous. of short tons
Orders, unfilled, end of month
do
405. 3
Production, total
do
1 . 203. 0
Percent of activity
81
Paper products:
Shipping containers, corrugated and solid fiber,
7,967
shipments
mil. sq. ft. surface area-Folding paper boxes, index of physical volume:
122.7
Consumption of boxboard
1947-49=100
129.1
Shipments of boxes
do

341.6

351.6

410.3

430.7

477.0

458.2

434.1

434.4

462.1

460.5

488.8

513 4

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

134. 40

P 134. 40

1,168.6
375.6
1,196.0
89

1,255.9
423.7
1,215.2
93

1,381.1
498.7
1. 346. 2
93

1,384.2
507. 4
1,351.2
94

1,388.8
497.8
1,388.0
93

1,375.2
478. 6
1, 386. 7
96

1, 282. 4
550. 6
1,209.5
85

1, 395. 9
507.4
1, 418. 7
96

1,367.1
532. 0
1, 360. 1

1, 463. 5
483.2
1, 479. 7
97

1, 293. 5
438.8
1, 334. 9
94

1 269 1
424. 8
1 284 0

1 226 3
462. 2
1 234 1

80

92

8,391

8,118

8,982

9,208

9,121

9,121

8,908

9,486

10, 034

10, 584

8, 458

8,650

8, 455

133.1
116.8

139.1
117.2

146. 6
133. 9

138. 3
123.9

132.2
122.6

137.2
129.2

134.4
122.3

136.9
126.9

137.9
135.8

r 134. 8
137. 3

>• 120. 7

130.2
132 3

110 0

469
368
101

1,073
873
200

i 1, 574
i 1, 334
i 240

1,299
1,022
277

1,280
968
312

i 1, 500
i 1, 120
i 380

1,048
822
226

i 1, 189
i 946
1243

864
684
180

1,357
1, 148
209

47, 545
80, 059
47, 527

46, 914
80, 106
45, 359

49, 252
78, 208
47. 043

49, 049
74, 172
48, 378

Consumption bv publishers a"
do
Stocks at and in transit to publishers, end of
month cf
thous. of short tons _

r
r

532. 8
560. 6

93

180.4
300. 4
361. 9

r

r 123.

3

?'16. 45

PRINTING
Book publication, total
New books
New editions

..number of editions
do
_ do

i 1,728
1
1,411
i 317

1

1, 586
1, 372
1
214

1, 185

42, 039
78, 503
48, 844

3
560
3 471
3 sg

42, 950
79. 405
47, 443

1

955
230

RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
long tonsStocks, end of month
do
Imports, including latex and guayule__
_
do
Price, wholesale, smoked sheets (New York)
dol. per lb._
Synthetic rubber :
Production
long tons
Stocks, end of month
Exports

46. 891
77, 807
54. 492

49, 913
82, 487
54, 950

47, 345
79, 657
48,917

51,991

41. 483

78, 871
48, 584

44. 347

38, 777
82, 983
45, 450

78,157

47, 786
84, 727
46, 048

r

. 301

.315

. 340

.m

. 370

. 400

.410

. 475

. 401

102, 297

111.377

108, 477

109,9/5 1

10f). 716

114,310

119,031

119,847

128; 532

1 24, 825

125, 779

do
do

_.

.301

108,504

186,283
17 177

1S7, 043
17, 762

187, 18i
If), 143

1 83, SOfi

182'. 039
2">' 990

191, 763
27, 941

1 79, 569
28, 1 '.>?.

17(i, 604
26 261

183, 516
23 729

178 306
3(i 034

190 (107
1 7 984

202 or, 7
24 432

210 846
32 590

24 800
23 379
29. 1)63

25 7<!0
25 002
27.157

25 2^*0
24^ 471
27. 504

'}()

21 071
22' 3SO
25, 131

19 4Q i
20' 496
23, 554

9(i 1 { <j

°s r j 3
r

28 '75'")

29 ^9^5

do
do

_

. 299

101,655

2. > 137
27. 384

20 217
2S, 526

23 '7'^1)

26 022
27, 393

9 3~G

10, 184

10, 270

11,350

8, 025

7, 796

10, 294

11, 223

9, 683

10, 103

10 884

8, 347

9 645

8, 892
4, (557
4.711
124

9, 806
2, 960
fi. 742
104

8, 551
2, 805

10,999

9, 726
3, 291
f.. 356

10, 237
3, 392

7, 957
1. 249
6 595

9, 298
2, 345
6 819

117

109

79

6, 458
1,440
4 898

135

6, 75f>
90

10, 532
3, 588
6 832

10,269

5. fill

10, 557
3. 330
7. 103

112

114

135

136

120

7, 942
3,197
4 56o
' 180

20 988
113

21,399
101

23.019
75

23 8fi2
92

20 872

18. 727

19, OSS

19, 877

21, 730

22, 542

25, 133

103

96

91

26, 933

79

91

23.151
98

3. 491
3,411
8.617
89

3, 806
4, 800
7, 536
123

4, 094
4,310
7, 364

4. 459
4. 435
7. 629
' 75

3, 380
3 928

4.345

3.716

3,583
7,848
67

4, 065
3 693
8, 334

4,392

3 948
7, 560

3 915
9 088

3, 756
3 097
9 918

3 612
3 135
10 536

77

73

71

83

Reclaimed rubber:
Consumption
Stocks, end of month

22, 1 50
'•{]{}

27. 582

. 346

. 350

<>

7 c (>'i

24 9i?8
23, 4-18

°5 °76
2 (J14
26, 165
l>

.415

22 %°
27, 738

TIRES AND TUBES
Pneumatic casings:
Production
_.

.

Shipments, total
Original equipment
Replacement equipment
Export
- ._

thousands
,_

Stocks, end of month
Exports (Bur. of Census)
Inner tubes:
Production
Shipments
Stocks, end of month _ _
Exports (Bur. of Census)
r

do. ..
do
do
do
.

_ __ _ __
l

do
do
do
do
do
do. .

I

69
i

3, 594
7. 297

I

7: 219
77

2, 752

3,275

I
2

3. 683
3, 872

6, 849

7,000
63

80

54

2, 966
7 166

97

108

Revised.
* Preliminary.
Data for months noted cover 5 weeks; other months, 4 weeks.
November data exclude estimates forr tissue and miscellane<
eous
tissue aim miscellaneous papers.
» ±3 eg mil] ng
ginning
January 1960, data are based on a new definition of a book and are not entirely comparable with those for earlier periods.
9 Data exclude estimates for "tissue pa]
stimates
paper." tf As reported by
publishers accounting for about 75.5 percent of total newsprint consumption in 1958.




SURVEY OF CURRENT BUSINESS

S-38
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

1959

1958

December

February 1900

January

February

March

A pril

May

June

1960

July

August Septem- October Novem- December
ber
ber

STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement _
Percent of capacity
._ _
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
_._

thous. of bbl

23, .590
70
16, 817

_

do
... ..do--_

16,710
54
14, 943

24 329
79
23 250

?9 093
88
30 423

33 428
96
33 278

33 455
100
36, 361

34 180
99
37 370

34 800
100
37 111

32 590
97
35 351

31 127
89
32 593

30, 800
15, 505

34,838
20, 364

36, 680
25,183

37, 711
27, 662

36, 378
27, 544

36 527
26. 037

33, 605
23, 109

30, 415
19, 981

28 102
16, 078

25 308
13, 516

23 913
11,681

365. 1
38.3
101.4

388.6
34.6
99.8

597.7
40.1
153.4

685. 2
49.8
185. 7

629.1
48.0
182.0

737.4
49.6
194.9

723. 9
50.8
195.9

686.7
48.6
199. 1

689. 6
45.6
194 3

654. 2
44.5
185.9

37.5

32.6

28.6

30.8

36.2

37.6

38.4

40.3

36.7

35 5

38.2

18.5

17.6

18.0

19.8

21.7

21.5

22 2

22 3

22.0

22 4

23.9

137. 1

r

18 604
55
14, 544

425. 8
37.9
118.1

thous of bbl

137. 9

137.9

138. 2

138. 5

139.1

139. 1

139. 6

139. 2

139.4

139, 4

26, 100
77
22, 219
r

24 111
69
20 577

27, 794
13, 169

31 328
16 470

139.4

139. 9

CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. of standard brick
Structural tile, except facing ._ thous. of short tons _
Sewer pipe and fittings, vitrified _
- do
Facing tile (hollow), glazed and unglazed
mil. brick equivalent
Floor and wall tile and accessories, glazed and unglazed
_
.._ _ _
mil. of sq. ft
Price index, brick (common), f.o.b. plant or N.Y. dock
1947-49=100-^
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total)
Sheet (window) glass shipments
Plate and other flat ^lass shipments
Glass containers:
Production. __ _

thous of dol
do
do

thous. of gross. -

Shipments domestic total
do
General -use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers, jolly
glasses, and fruit jars)
thous of gross
Beverage
Beer bottles - Liquor and wine
Medicinal and toilet
Chemical, household and industrial
Dairy products
- _ ._ .. Stocks end of month

do
_do-_ .
do
do
do
do . do

78, 102
35, 186
42, 916

57 269
28, 438
28 831

40, 070
21, 181
18, 889

67 141
34, 635
32 506

^8 706
34,911
33 795

10, 515

11,504

11,416

11,518

13, 226

13.354

13,713

13, 757

14, 944

11,832

13, 450

12, 188

11,257

10 505

11 036

10 347

11 929

12 384

13 242

13, 585

13, 109

19 712

12 989

11 876

q 254

10 329

977

1,124

1,065

1,208

1.240

1.305

1,316

1,466

2, 850

1

, 659

1,037

853

910

3, 218

3, 297

3, 101

3, 375

3,271

3, 569

3, 850

3, 753

5, 922

3 909

3, 520

2, 700

3. 078

804
867
1,030
2, f 80
823
206

573
693
1,137
2, 952
1,107
153

549
643
1,097
2,724
1, 025
143

961
872
1,247
3,000
1,130
136

1, 119
1,328
1,222
2,882
1,178
144

1,378
1,670
1,240
2,839
1,101
140

1,558
1,432
1,297
2,837
1,148
147

1,272
1,381
1,291
2,673
1,114
159

1,054
1,662
2,244
4, 184
1,519
277

598
1,015
1,289
2,502
1,107
203

626
838
1,402
3,170
1,111
172

625
609
887
2,681
760
139

983
808
936
2 550
883
181

18,537

18, 771

18, 938

19,341

19, 943

19, 832

19, 774

20, 195

15, 120

14,403

15, 726

18, 324

18. 953

GYPSUM AND PRODUCTS
Crude gypsum, quarterly total:
Imports
Production

thous of short tons
do

Calcined production quarterly total

do

Gypsum products sold or used, quarterly total:
TJncalcined use*'
thous of short tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
Lath
Wallboard
All other §

mil of sq ft
do
do

1,196
2,649

841
2,327

1,780
2,834

1,890
3 042

2, 102

2,033

2,459

2,611

1,060
62

774
70

1,061
75

1 026
83

318
292

310
257

375
333

400
380

542 9
1, 393. 0
56.2

496 6
1,342.0
51.4

637.7
1,603.6
77.6

682 7
1, 690. 8
76.5

1,624

TEXTILE PRODUCTS
APPAREL
Hosiery shipments
Men's apparel, cuttings :t A
Tailored garments:
Suits
Overcoats and topcoats

12, 840

12, 066

2, 035
'630

1, 772
492

1,804
336

i 1 , 955
i 300

i 985
9, 025

904
8,876

904
7,780

i 1,125
i 7, 850

2, 045

2,004

1,980

12,010

1355
1360

348
324

276
292

1295
1355

2,223
19, 253
818

2,223
18, 760
571

2,365
19, 720
589

2,403
19, 467
662

1,507
18, 405
786

1,253
873

1,244
804

1,318
704

1,141
674

998
536

11,774

13, 593

12, 684

12, 891

12, 228

10, 926

13,417

12, 418

14, 242

thous. of units
do

i 1, 680
i 240

1,612
200

1,608
248

i 1,940
i 345

1,768
488

1,700
524

i 1, 895
1645

1,020
452

1,800
608

1855
i 6, 155

884
6,552

912
6,456

1

i 870
8, 000

912
7,992

980
8,324

i 1,090
i 7, 510

640
6,656

948
8, 000

i 1, 705

1, 752

1,740

i 1, 860

1,812

1, 768

i 1, 795

1,520

1,804

i 185
1310

224
360

284
336

i 325
1
350

356
376

304
340

i 310
1345

264
304

312
344

r 1, 670

2,307
20, 698
1,610

2,273
21,383
1, 505

2,099
26, 343
1,042

1,117
28, 481
553

1,143
25, 470
483

1,966
21, 159
779

2, 346
18, 040
982

Coats (separate) dress and sport
Trousers (separate) , dress and sport
Shirts (woven fabrics), dress and sport
Work clothing:
Dungarees and waistband overalls
Shirts

do
do
thous. of d o z _ _
do
do

Women's, misses', juniors' outerwear, cuttings: A
Coats
thous o( units
Dresses
do
Suits
- -do--

r 19, 499

••952

1,236
1,412
1,396
1,340
1,260
1,280
1,307
r953
W'lists blouses and shirts
thous of doz
912
r527
723
761
914
890
755
730
Skirts.'
'
do
r
Revised.
i Data cover a 5-week period.
§ Comprises sheathing, formboard, and laminated board.
1 Data for December 19f8 and March, June, September, and December 1959 cover 5-week periods and for other months, 4 weeks.
ARevisions for January 1957-July 1958 are available upon request.




14, 014

thous of dozen pairs

14, 448
1

1
1

January

February UHiO

SURVEY OF CUERENT BUSINESS

Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

S-39

1959

1958

December

January

February

March

April

May

June

1960

July

August Septem- October Novem- December
ber
ber

January

TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginnings§ - --thous. of running bales. . 1 10, 919 211,340
Crop estimate, equivalent 500-lb. bales
thous of bales
Consumption^
do
° 720
690
Stocks in the United States, end of month,
r
15, 445
14, 582
totalf
do
f 15 361
14 500
Domestic cotton total
do
r
1, 104
On farms and in transit
do
699
'T 12, 753 12, 275
Public storage and compresses
do
1, 504
Consuming establishments
do
1,526
84
Foreign cotton, total
_
do
82
Exports;};
_
_ _ _
do
Imports
do
Prices (farm), American upland
cents per lb_.
Prices, wholesale, middling 1", average 14 markets
cents per lb_.
Cotton linters:
Consumption^
.
thous of bales
Production
__ ..
_
do
Stocks end of month
do

3

4,448

1,046

697

11 512
5 864

718

703

5 823

650

712

13 673
13 597
494
11,541
1 562
76

12 550
12 479
544
10, 342
1,593
71

11,610
11 547
481
9,513
1,553
64

10, 683
10 625
434
8,738
1, 453
58

9 686
9 630
391
7, 966
1,273
56

8, 900
8 861
220
7, 556
1,085
39

5

9,718

13, 403

i 14,076
5

863

732

725

22 587
22 482
14 112
7, 568
802
105

21 615
21 517
11 111
9,706
700
98

20, 707
20 621
7, 263
12, 423
935
86

19, 280
19 201
3,781
14, 195
1,225
79

] 4, 356
14 701

17, 636
17, 568
2, 373
13, 656
1,539
68

392

2
4

151

3 11, 435

800

298
1
30.3

222
1
28.2

211
2
28.2

284
3
30.1

245
3
31.3

249
4
31.8

236
2
31.5

129
1
34.1

98
98
33.3

230
24
33.1

32.5

652
(6)
30.8

728
2
30.0

29.3

34.4

34.3

34.3

34.4

34.6

34.6

34.5

33.6

32.0

31.8

31.7

31.6

31.8

31.9

« 106
162
858

101
162
864

102
131
862

«121
128
846

103
96
797

102
52
729

* 114
38
627

93
29
544

109
46
465

a 140
154
442

115
240
497

108
225
558

5 131

thous.. r 19, 273
17, 616
do

19, 283
17,636

19, 272
17, 642

19, 265
17, 637

19, 555
17, 945

19, 238
17, 591

19,266
17,598

19, 166
17, 501

19, 258
17, 613

19,292
17,652

19, 273
17, 648

19, 308
17, 696

19,326
17, 709

r

9, 352
468
8, 552

9, 542
477
8,743

811.706
468
8
10, 743

9,567
478
8, 776

9, 592
480
8,781

« 11,382
455
« 10, 392

8,817
441
8,020

9,715
486
8,817

5 11 , 930
477
« 10, 946

9,970
499
9,118

9,880
494
9,051

« 11, 039
442
5 10, 157

.672
.946

.672
.946

.672
.934

.676
.936

.676
.936

.681
.938

.685
.946

.685
.948

P .685
p .948

9

206
585

COTTON MANUFACTURES
Spindle activity (cotton system spindles) :f
Active spindles, last working day, total
Consuming 100 percent cotton

Spindle hours operated, all fibers total
millions
Average per working day
do
Consuming 100 percent cotton
do
Cotton yarn, natural stock, on cones or tubes:
Prices, wholesale, f.o.b. mill:
20/2 carded weaving
dol per Ib
86/2' combed knitting
do
Cotton cloth:
Cotton broadwoven goods over 12 inches in width,
production quarterly!
mil of linear yd
Exports
thous of sq yd
Imports J
do
Prices, wholesale:
Mill margins
cents per lb_.
Denim white back 28-inch 8 oz/vd cents per yd
Print cloth 39-inch 68 x 72
do
Sheeting class B 40-inch 48 x 44-48
do

5 10.141
r
406
5
9, 453
601
.93]

. 661
.931

. 666
.943

. 676
.946

r

? 2 329
38, 037
9,481

42, 490
9,102

34, 096
14, 012

2,382
41, 704
13, 674

37, 986
12, 320

39, 908
16, 370

2,390
42, 902
16, 600

33, 052
18, 307

38, 203
17, 244

2,363
37, 081
20, 349

44, 789
27, 671

37, 396
33, 791

44, 728
41, 325

25.06
36 4
16.5
16 3

25.01
36.4
16.5
16.5

25.97
36.4
16.5
17.0

26.91
36.4
16.5
17.3

27.18
36.4
16.4
17.3

27.67
36.4
16.1
17.3

28.20
36.4
16.5
17.3

28.75
36.4
16.5
17.3

30.36
36.4
16.5
17.3

31.41
36.4
16.5
17.3

32.61
36.4
17.0
17.3

33.04
36.4
18.0
'17. 5

33.20
p37. 3
v 18.2
v 17. 5

33. 67

MANMADE FIBERS AND MANUFACTURES
Fiber production quarterly total 9 t
Filament yarn (rayon and acetate)

mil of Ib
do

Noncellulosic (nylon acrylic protein etc )

do

444
167
97
147

r

4
4
7
2

r

457 9
175 0
96 1
r
153 9

r

r

487 5
190. 4
93 8
166. 0

r

464.0
181. 3
79.7
159. 8

481 3
191.0
89 5
166. 8

and monofilaments
tow and tops
and monofilaments i
tow and topsj

thous of Ib
do
do
do

3 644
2,687
308
10, 190

3,574
1,935
482
7,818

2, 572
2, 770
285
9, 289

4, 260
2,038
182
10, 551

3,255
2,263
443
13, 517

4,200
2,513
459
9,030

2, 66(J
2,655
739
12, 173

3, F09
2,863
409
9,696

4, 853
2, 539
522
8, 700

4, 463
3, 902
550
12, 191

4, 890
2, 059
338
7,412

5, 538
2, 869
208
8, 627

6, 661
5,383
571
9,700

Stocks, producers', end of month:
Filament yarn (rayon and acetate)
Staple incl tow (rayon)

mil of Ib
do

51 7
44.7

50 4
47.7

48.1
50.9

45.3
49.3

43.8
49.5

43.9
45.4

43.9
42.9

46.2
45.1

44.5
51.8

47.7
54.7

48.4
55.9

50.1
56.1

56.3
55.0

Prices, rayon (viscose) :
Yarn filament 150 denier
Staple 1 5 denier

dol per Ib
do

.76
.31

.76
.31

.76
.31

.78
.31

.78
.32

.79
.32

.79
.33

.82
.33

.82
.33

.82
.33

.82
.33

.82
.33

p .82
p . 33

Exports* Yarns
Staple
Imports* Yarns
Staple

Maumade-fiber broadwoven fabrics:
Production, quarterly total 9 1- -thous. of linear yd_. 7 625, 203
M31 335
Rayon and acetate (excl tire fabric)
do
7 77 422

602, 204
385, 947
83, 155

618, 310
407, 961
84 429

618, 820
414 501
79 329

11 742

12, 794

10 941

13, 677

13, 924

14, 210

14, 135

11, 665

13, 775

16,023

15, 764

14, 263

14, 835

993
3.62
7 f, 645

569
3.61

574
3.88

502
4.03
5 846

248
4.11

954
4.11

627
4.13
6. 449

317
4. 09

736
4. 12

1,097
4.09
7,056

663
4.14

937
4.32

814
*4.51

Wool consumption, mill (clean basis) :1i
«
Apparel class
thous. of lb__ 6 20, 055
14, 489
Carpet class
do

19, 809
14, 458

20, 265
14, 583

6 25, 415
« 16, 135

23, 069
13, 941

22, 699
12, 928

« 27, 020
« 14, 148

20, 892
9,776

21, 682 5 25, 547
13, 612 5 15, 558

20,688
12, 298

18,515
11, 187

521,011
5 15, 773

25, 626
10 568

31,076
11 006

25,317
11 230

35, 173
13 167

31,218
11 028

29, 316
11 270

26, 079
7 801

20, 569
7 191

18, 837
7,367

23, 295
9 046

14, 730
6,573

20, 565
10, 466

Exports piece goods

thous of sq yd
SILK

Imports raw
Price, raw, AA, 20-22 denier

thous. of Ib
dol. per l b _ _

WOOL

Wool imports, clean content^
ppar c ass ( c u i a e;, can co

-do

25, 212
7 742

r
2
3
4
Revised.
*> Preliminary.
i Ginnings to December 13.
Ginnings to January 15.
Total ginnings of 1958 crop.
December 1 estimate of 1959 crop.
« Data cover a 5-weck
6
period.
Less than 500 bales.
? Data cover 14 weeks; other periods, 13 weeks.
§ Total ginnings to end of month indicated, except as noted.
IData for December 1958 and March, June, September, and December 1959 cover 5-week periods and for other months, 4 weeks; cotton stocks and number of active spindles are for end
of period covered.
9 Includes data not shown separately.
t Scattered revisions for January 1957-July 1958 are available upon request.




SURVEY OF CURRENT BUSINESS

S-40
Unless otherwise stated, statistics through 1958 and
descriptive notes are shown in the 1959 edition of
BUSINESS STATISTICS

February

1959

1958
December

January

February

March

May

April

June

1960
July

SeptemXov emOctober
ber
ber

August

December

January

TEXTILE PRODUCTS—Continued
WOOL AND MANUFACTURES
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
dol. perlb..
Graded fleece 3/8 blood
do
Australian, 64s, 70s, good topmakirig, in bond.. .do
Knitting yarn, worsted, 2/20s-50s/56s, Bradford system,
wholesale price
1947-49=100.Woolen and worsted woven goods, except woven felts:
Production, quarterly total
-thous. of lin. yd.~
Apparel fabrics, total
do
Other than Government orders, total _ _ do
Men's and boys'
do
\Vornen 's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel, men's and bov's..
1947-49=100-Gabardine, women's and children's..
___do

1.125

1.088

908

870

860

962

1 . 025

.975

.975

1.035

1.225
1 025
1.075

1.225
1 025
1.075

1.285
1 085
1.115

1.325
1 115
1.125

1.305
1 098
1.135

1.275
1 072
1.125

1.275

1 . 025

1.125

1.275
1 125
1.162

90.5

90. 5

89.3

90.5

94.8

99.8

102.2

102.2

106.0

107. 2

104. 7

102 2

103 5

108. 1
92.4

108. 1
92. 4

108. 1
92.4

915

1.075

66, 291
b3, 708
62, 225
26, 809
35 416

104.5
89. 1

1.075

72,
1 0,
69,
33,
36,

105.6
90. 8

104.5
89. 1

1.165

466
377
413
159
254

103.7
90.8

i 05. 4
90. 8

105.4
90. 8

1. 275
1 125
1. 175

79, 096
/ 7, 205
77, 008
32 101
44 907

83, 586
81, 542
81, 224
35, 929
45, 295

103.7
90. 8

i ir?

105. 4
92. 4

108. 1
92.4

105. 4
92. 4

TRANSPORTATION EQUIPMENT
AIRCRAFT
Manufacturers of complete types:
Aircraft, engines, propellers, parts, etc.:
•2 974
Orders, new (net), quarterly total
mil. of dol
2 947
Sales (net) quarterly total
do
13,171
Backlog of orders, total, end of quarter
do
For U.S. military customers
. . do _
6, 933
Civilian aircraft:
49 590
37 672
Shipments
thous of dol
Airframe weightthous. of l b _ _ 1 , 258. 9 1,452.8
12,991
9, 951
Exports (commercial and civilian)
thous. of dol. .

2, 092
2, 558
12,705
6, 575

0 Q14

3. 006
2 824
12,888
6,360

49 805
1,440.0
4,213

34,014
1,185.7
4,168

68 142
1,849.5
8.576

81,212
2, 091. 8

577, 093
143

686, 612
245

141

200
575,012

•) 845
12, 057
5, 857
75 950
1,772.1
13, 897

103, 646
76 911
2, 434. 5 * 2, 048. 9

20, 467

95 280
2, 286. 9
14, 414

15, 541

15, 234

674, 689
267

663, 444
233

316, 060
82

242

209

309, 117
134

632, 420
268

321, 977
180

58

134

268

170

88 444
2, 160. 0

2,778

65 098
1,804.7
5,162

702, 952
253

660, 278
282

251

235

111 545
2, 605. 1
32 651

MOTOR VEHICLES
Factory sales, total.
Coaches, total
Domestic
Passenger cars, total
Domestic
Trucks, total
Domestic

709, 078
208
165
608, 730
594, 188
100,140
82. 688

635, 664
169
112
539, 451
527, 588
96, 044
81, 599

476, 977
466, 564
99, 973
83, 775

563, 849
111,355
93, 060

585, 789
575, 268
116,910
98, 906

545, 001
535, 195
114,995
95, 561

554, 878
545, 660
119,544
100. 462

548, 524
541, 458
114, 687
92, 186

255, 831
252, 556
60, 147
47, 959

229, 410
220, 621
79, 573
64, 568

537, 1 59
523, 500
94, 993
81, 652

267, 829
259, 633
53, 968
37, 999

do
do
do
do
do

35, 641
15,458
20, 1 83
54 824
53,218

24, 248
11,520
12, 728
55, 728
54, 075

21,319
10, 700
10, 619
50,916
49, 167

31,452
10,758
20, 694
58, 207
56, 474

26, 586
11,971
14,615
60, 567
57, 898

26, 211
10, 746
15,465
69,019
66, 765

27, 078
8,497
18,581
64, 832
62, 860

22, 154
7,467
14, 687
68, 647
66, 516

16, 929
5, 160
11, 769
50, 181
49, 120

16, 860
6 359
10, 501
55 221
53. 331

21, 859
10 957
10, 902
54 045
52, 479

25, 975
10 500
15, 475
54 861
53, 641

18,005
8 190
9, 815
78 038
75, 423

do
._ do

4, 832
2. 888
968

4,883
2,908
330

4,827
2,684
435

5,503
2,916
558

6, 218
3, 271

6, 141
3,227
280

6,617
3, 863

5,539
3,354
214

5, 995
3.772
298

5, 335
3,247
206

6,092
4, 045

289

5,826
3,439
243

5,743
3,814

417

148

200

2511,284
3 73. 891

419, 512
61,776

423, 793
64, 688

496, 717
77, 593

573, 777
91,805

582, 266
86, 566

584,816
86, 914

564, 985
88, 949

532, 279
88, 137

457, 285
78, 784

533, 682
78, 807

426 929
73, 762

number--._ _ _ - - ...
do--.
_ _ . do
do,-_
do
do do

'Exports, total
Passenger cars (new and used)
Trucks and buses
Imports (cars trucks buses) total cf
Passenger cars (new and used)d*
Production, truck trailers: A
Complete trailers total
Vans
_ _ _ _ _
Registrations: 0
New passen°er cars
Xew commercial cars

_

_

do
do

548, 338 p281 1,400
p 2 395
287

188

475, 382 *<2688,800
462, 831
72, 669 p2122,2bb"
62 330

RAILROAD EQUIPMENT
\merican Railway Car Institute:
Freight cars:
c
2 7(53
!liipnionts total
number
1,584
Equipment manufacturers, total
do
1 442
Domestic
do
1 179
Railroad and private-line shops domestic do
3, 706
Xew orders total J
do
2 004
Equipment manufacturers, total
do
2,004
Domestic
_ _ _
do
1,702
Railroad and private-line shops, domestic do
97 fi5Q
Unfilled orders end of month total
do
i
8 407
Equipment manufacturers total
do
! 8, 404
Domestic
do
i 10 ]«2
Rai' r oad and private-line shores domestic do
Passenger cars (equipment maniifactiirt-rs) :
8
RhinmentP total
- do
•>
Domestic
do. ..
Unfilled orders, end of month, total
do
36
36
Domestic
do . .
-\ssociation of American Railroads:
Freight cars (class !):§
Number owned or leased, end of month
Thous.. .
Held for repairs percent of total owned
Locomotives (class I):
Diesel-electric and electric:
Owned or leased end of mo No of power uiiit 1 ^
Serviceable 1 end of month
do
Irst°Ued in service (new) quarterly total do
Unfilled orders end of month
do

1
Exports of locomotives, total (railroad-service and industrial types)
_ .
number. .

1,726
8. 6

1,972
1,014
982
958
«• 4, 423
r
1, 485
' 1, 164

2,938
29 892
8.800
K 448
21,022

r

2, 576
' 2, 882
T
1, 747
1,851
' 1, 727 * 1, 840
829
1,031
' 1, 961 10, 782
r
7, 367
1 , 450
7, 367
' 1,331
511
3,415
35 9^7
?9 °40
8, 536
14,129
8,085
1 3, 689
20, 704
21. 798
r

0
0
36
36

0
0
72
72

1.724

1,722

8.9

9.2

537
35 969
15,041
14,551
20. 928

r
3, 468
4, 227
T
2, 373
3, 204
2, 263
* 2, 935
1,095
1,023
* 5, 298
' 8, 369
' 3. 510 r 7, 253
3,415
' 7, 253
1,788
1,116
37 249
41 084
16, 128
20, 170
15,748
20, 059
21,121
20, 914

33

f

5, 003
r 3, 688
r 3, 668
1,315
1,653
1,653
1,653

r
r
r

2,615
1, 516
1, 506
1.099

0

943
941
941
2

37 202
17, 546
17, 516
19, 656

35 646
16, 988
16, 968
18, 658
r

132
132

0
0
M57
157

4157
4
157

1,717

1,707

1,703

1,702

1,701

1,702

1,695

8.8

8.3

8.1

7.9

8.1

8.4

8.5

4

0
0
132
132

4
4

0
0

4

0
0

4
4
4
4

153
153

28, 6! 5
27. 21 1

204
589
59

4,334
3, 197
3, 136
1, 137
4,159
2, 519
2,519
1,640
40 359
19, 442
19, 392
20. 917

"3
r
3
M32
4
I32

4

L::S 395
26, 822

'~'N 303
26 838
96
561
96

3,741
2,334
2,334
1,407
3,785
3, 248
3, 198

298
413

42

26

19

13

4
4

6
' 6
198
198

r
r

r

2, 284
1, 329
1, 329

955
2,722
2,722
2,722
0
36 219
18 403
18,383
17,816

' 2 218
r 1, 226
r

1, 226

992
«• 2, 424
1,274
1,274
r
1, 150
36 575
18 377
18, 357
18, 198

T

r 14

4

r

'14
U77

4

8

15

28
28

15
15
187
* 187

4 177

149
149

1,694
8 3

1,688
80

1,678
7 2

4

28 706
27,019
206
229

29

3 127
1,681
1,586
1.446
10, 759
5,769
5,570
4,990
44 089
22 547
22 328
21, 542

28 815
27 439

134
314
42

57

52

f

J
2
Revised.
*» Preliminary.
Data cover 14 weeks; for other periods, 13 weeks.
Preliminary estimate of production.
3 Excludes registrations for Oregon; data to be revised later.
In addition to unfilled orders reported by equipment manufacturers, railroad company shops reported unfilled orders for 10 cars (March-November 1959); shipments of these cars were
made in December 1959.
cf Data cover complete units, chassis, and bodies.
ARevisions for 1957 are available upon request.
©Data beginning January 1959 include new registrations in Alaska.
^Scattered revisions back to 1955 are available upon request.
§ Excludes railroad-owned private refrigerator cars.
4




U.S. G O V E R N M E N T P R I N T I N G OFFICE: I960

INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
Generals
Business indicators
Commodity prices.
Construction and real estate-_ . _
Domestic trade
Employment and population
Finance
International transactions of the U.S
Transportation and communications

...

1-5
6,7
7,8
9-11
11-15
16-20
„_ 21,22
. 23,24

Industry:
Chemicals and allied products
,
24,25
Electric power and gas
.
25,26
Food and kindred products; tobacco
26-30
Leather and products
30,31
Lumber and manufactures
31
Metals and manufactures
32-34
Petroleum, coal, and products
35,36
Pulp, paper, and printing
.
36,37
Rubber and rubber products
..
37
Stone, clay, and glass products
38
Textile products._.
38-40
Transportation equipment
. . . . 40
...

INDIVIDUAL SERIES
Advertising
9
Agricultural loans and foreign trade
16,21,22
Aircraft and parts
.
3,12,13,14,40
Airline operations
23
Alcohol, denatured and ethyl
..
24
Alcoholic beverages
7,9,26
Aluminum
33
Apparel
2,3,6,7,9,10,12,13,14,15,38
Asphalt and tar products
35,36
Automobiles.... 3, 9,12,13,14,15,17, 22,40
Bakery products.
12,13,14
Balance of payments.
21
Banking
.
14,16
Barley
-27
Barrels and drums
32
Battery shipments
.34
Beef and veal
.....
28
Beverages
— 3,4,7,9,12,13,14,15,26
Blast furnaces, steel works, etc
12,13,14
Blowers and fans
34
Bonds, outstanding, issued, prices, sales,
yields

- 17,19,20

Book publication..
37
Brass and bronze
33
Brick
38
Brokers' loans and balances
16,19
Building and construction materials
8,9,10,36
Building costs
8
Business incorporations (new), failures
5
Business sales and inventories
4
Butter
27
Cans (metal), closures, crowns
. 32
Carloadings
23
Cattle and calves
28
Cement and concrete products
_ 7,8,38
Cereal and bakery products
6,12,13,14
Chain-store sales, firms with 4 or more and
11 or more stores
--.
10
Cheese
27
Chemicals
3,4,5,6,12,13, 14,15,19,22,24
Cigarettes and cigars
7,30
Civilian employees, Federal
12
Clay products
7,38
Coal
3,4,6,11,13,14,15,22,23,35
Cocoa
22,28
Coffee
- 22,29
Coke
_
__
_ _ _ 23,35
Communications
12,13,14,15,19,20,24
Confectionery, sales
29
Construction :
Contract awards
8
Costs
8
Dwelling units
7,8
Employment, hours, earnings, wage rates, _.
12,
13,14,15

Highways and roads
7,8,15
New construction, dollar value
1, 7
Consumer credit
.
17
Consumer goods output, index
2,3
Consumer expenditures
„
1,9
Consumer price index
6
Copper
_ 22,33
Cora
-_____._-_„
27
Cost of living (see Consumer price index)
6
Cotton, raw and manufactures
6,7,22,39
Cottonseed, cake and meal, oil
30
Credit, short- and intermediate-term
17
Crops
.
2,6,27,30,39
Crude oil and natural gas
3,11,13,14,15,35
Currency in circulation __
18
Dairy products
.
2,6, 26
Debits, bank__
__
16
Debt, U.S. Government
17
Department stores
10,11,17
Deposits, bank
..
16,18
Disputes, industrial
15
Distilled spirits
27
Dividend payments, rates, and yields,
2,19, 20

Drug-store sales
__,
10
Dwelling units, new
7,8


Earnings, weekly and hourly
„
14,15
Eating and drinking places
10
Eggs and poultry
2,6,28
Electric power
3,6,26
Electrical machinery and equipment
3,
4,5,7,12,13,14,19,22,34
Employment estimates and indexes
11,12
Employment Service acti vities
15
Expenditures, U.S. Government
17
Explosives __
25
Exports (see also individual commodities)
21, 22
Express operations
23

National income and product
1
National parks, visits
„
24
National security expenditures
1,17
Newsprint
22,37
New York Stock Exchange, selected data
19, 20
Nonferrous metals
7,19,22,33
Noninstallment credit
17
Oats
.
Oil burners
Oils and fats, greases
Orders, new and unfilled, manufacturers'
Ordnance

__

27
34
6,29,30
5
12,13,14

Failures, industrial and commercial
5
Farm income, marketings, and prices
1,2,6
Farm wages
.
15
Fats and oils, greases
6,29,30
Federal Government
finance
17
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
16
Fertilizers
_
6,25
Fire losses
8
Fish oils and fish .
.
.. 29
Flaxseed
30
Flooring, hardwood
.
31
Flour, wheat
28
Food products
3,4,
5,6,9,10,12,13,14,15,18,22,27,28.29,30
Foreclosures, real estate
8
Foreign trade
21, 22
Foundry equipment
34
Freight carloadings
„
23
Freight cars (equipment)
.
3,40
Fruits and vegetables
6,22,27
Fuel oil
35,36
Fuels
_
3,6,35,36
Furnaces
34
Furniture
3,4,6,9,10,12,13,14,17
Furs
22

Paint and paint materials
6,25
Panama Canal traffic
23
Paper and products and pulp
3,
4,5,7,12,13,14,15,18,22,36,37
Parity ratio
6
Passports issued
24
Payrolls, indexes
13
Petroleum and products
3,
4,5,6,12,13,14,15,19,22,35,36
Pig iron
32
Plant and equipment expenditures
2,19
Plastics and resin materials
25
Plywood, hardwood
31
Population
,
11
Pork
28
Postal savings
16
Poultry and eggs
2,6,28
Prices (see also individual commodities)
6
Printing and publishing
3,12,13,14,15,37
Profits, corporate
1,18,19
Public utilities
2,3,6, 7,12,13,14,15,19, 20, 26
Pullman Company
24
Pulp and pulpwood
36
Pumps
34
Purchasing power of the dollar
7

Gas, output, prices, sales, revenues
Gasoline
Glass and products
Generators and motors
Glycerin
Gold
Grains and products
„
Grocery stores
Gross national product , , _ _ „
Gross private domestic investment
Gypsum and products

Radiators and convectors
34
Radio and television
3,6,9,34
Railroads.
2,12,15,19,20,23,40
Railways (local) and bus lines
12,13,14,15, 23
Rayon and acetate
39
Real estate
8,16
Receipts, U.S. Government
,
17
Recreation
,
6
Refrigeration appliances, output
34
Rents (housing)
6,9
Retail trade
4,5,9,10,11,13,14,15,17
Rice
27
Roofing and siding, asphalt
36
Rubber and products.. 3,4,5,7,12,13,14,15,22,37
Rye
_
27

3,6,26,27
9,35,36
38
34
24
18,21
6, 22, 23, 27, 28
10
1
1
7,38

Hardware stores
9,10
Heating apparatus
7,34
Hides and skins____
7,30
Highways and roads
7,8,15
Hogs
.
28
Home Loan banks, loans outstanding
8
Home mortgages....
8
Hosiery
38
Hotels
12,13,14,15,24
Hours of work per week
13
Housefurnishings
6,9,10
Household appliances and radios
3,6,9,10,34
Imports (see also individual commodities)
21,22
Income, personal
1
Income and employment tax receipts
17
Industrial production indexes:
By industry
2,3
By market grouping.
.
2,3
Installment credit__
17
Installment sales, department stores
11
Instruments and related products
3,12. 13,14
Insulating materials
34
Insurance, life
..
17,18
Interest and money rates
„
16
Inventories, manufacturers' and trade
4, 10,11
Iron and steel, crude and manufactures
3,
4,5,7,8,12,14,19,22, 32,33
Labor disputes, turnover15
Labor force
11
Lamb and mutton
'_.
28
Lard
28
Lead.
33
Leather and products
3,7,12,13,14,15,30,31
Linseed oil
30
Livestock
2,6,23,28
Loans, real estate, agricultural, batik, brokers'
(see also Consumer credit)
8,16,17,19
Locomotives
40
Lubricants
35,36
Lumber and products
3,
4, 5, 7,8,9,10,12,13,14,18,31
Machine tools..
34
Machinery..
3,4,5,7,12,13,14,19,22,34
Mail-order sales, catalog
10
Manmade fibers and manufactures
7,39
Manufacturers' sales, inventories, orders
4,5
Manufacturing employment, production workers, payrolls, hours, earnings
11,12,13,14,15
Manufacturing production indexes
2,3
Margarine
29
Meats and meat packing__
_ 2,6,12,13,14,28
Medical and personal care
6
Metals
3,4, 5, 7,11,12,13,14,15,19,32,33
Milk
______
27
Mining and minerals
2,3,11,12,13,14,15,19, 20
Monetary statistics
18
Money supply
18
Mortgage lpans____
_. 8,16,18
Motor carriers
23
Motor vehicles... 3,4, 5, 7,9,10,12,13,14,15,19,40
Motors--34

Saving, personal
1
Savings deposits
16
Securities issued
19
Services.
1,9,12,13,14
Sheep and lambs
28
Ship and boat building.
12,13,14
Shoes and other footwear
7,9,10,31
Silk, prices, imports, production
7,39
Silver
__
18
Soybeans and soybean oil
...
30
Spindle activity, cotton
39
Steel ingots and steel manufactures
3,32,33
Steel scrap
32
Stocks, department stores
11
Stock prices, earnings, sales, etc
20
Stone, clay, and glass products
3,
4,5,12,13,14,19,38
Stoves and ranges
„__
34
Sugar.
_
22,29
Sulfur
.._
25
Sulfuric acid
24
Superphosphate.
25
Tea imports
29
Telephone, telegraph, cable, and radio-telegraph carriers
12,13,14,15, 20, 24
Television and radio
3,6,9,34
Textiles and products
3,
4,5,7,12,13,14,15,18,22,38,39,40
Tin
22,33
Tires and inner tubes
7,9,10,37
Tobacco and manufactures
3,
4,5,6,7,8,12,13,14,15,22,30
Tractors. „
22,34
Trade
5,9,10,11,12,13,14,15,17,20
Transit lines, local
23
Transportation and transportation equipment... 3,4,5,6,9,12,13,14,15,19,22,23,24,40
Travel
24
Truck trailers
40
Trucks
34,40
Unemployment and compensation
11,15
U.S. Government bonds
16,17,19, 20
U.S. Government finance
17
Utilities
2,3,6,7,12,13,14,15,19,20, 26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits

34
10
29,30
6, 22, 27
23
. 15,17

Wages and salaries
1,2,13,14,15
Washers
34
Water heaters
34
Wheat and wheat
flour
.
27,28
Wholesale price indexes
6, 7
Wholesale trade
4, 5,11,12,13,14,15
Wood pulp
36
Wool and wool manufactures
6, 7, 22,39,40
Zinc.

33

UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D.C.

PENALTY FOR I»«IVATE USE TO AVOID

PAYMENT OF POSTAGE* $3Q0
(GPO)

OFFICIAL. BUSINESS
First-Class Mail




The Office of Business Economics Calls Attention to

US. Income and Output
G/± RECENTLY completed compilation of new and
revised income and product data for the period beginning
with 1946, for use in conjunction with the 1954 National
Income supplement.
The text includes an analysis of the American economy
as viewed through the national income accounts, a discussion of the development of the accounts over the past
quarter century and of the needed directions of future
research, and a review and evaluation of the statistical
basis of the estimates.

-(PRICE, $1.50}-

Orders may be placed with the Superintendent of
Documents, U.S. Government Printing Office, Washington 25, D.C., or with any Field Office of the

U.S. DEPARTMENT OF COMMERCE